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'J Property Description and Zoning The overall site including the closed alley contained approximately 68,460 SF and had 210' of frontage on Bonham and Maple and 3 6' of depth according to the city plat. Both streets were two lane, asphalt surfaced with concrete urb and gutter. There may have been some typical utility easements along the streets. It was at treet grade on both sides but sloped very gently to the north with most of the run off in that directio . None of the property was in the 100 year flood plain. I[ was almost entirely open but had a few The subject was zoned General Re classifications of office, neighbort specific side or set back requirem property line. It had a 40% lot covi 400 square feet of floor area for oi service uses. It is one of the most feasible uses for the subject. The dwellings at 1726 Bonham and ] dwelling at 1749 Maple was Iiveable four rooms, two bedrooms, and a sin paint, the shingled roof needed recov be sound enough to withstand a mo, exactly the same except that it me', perimeter. There was also an old de demand for these small dwellings to value of the land as now zoned. The F about offset the cost of razing the oC Ad Valorem Tax Data trees. which allows a wide variety of uses including all the lesser i service, and multi family. There is 20' front back but no ; except that a gasoline pump must be at least 12' off the e ratio. The general parking requirements are one space per s and one space per 200 square feet for retail and personal 'estrictive classifications available and should satisfy most 35 Maple were beyond feasible repair. A 28.2' x 28.2' frame ith some minor repairs. It was probably 50 years old and had ; bath, 6' x 6', added to a rear cornec Its wood siding needed ng and the interior finish needed updating but it appeared to to another site. The dwelling just west at 1753 Maple was ired 28.2 x 30.2 and had its single bath inside the main ;hed garage between the two that had no value. There is a ; moved to other sites but overall, they added nothing to the sible salvage value of $1,000 to $2,000 per house should just r two dwellings. Presently, the subject was assessed in three accounts. The total ]and was assessed at $30,080 with unit assessments ranging from $0.53 SF for the vacant land on Bonham to $0.43 PSF for the lots as residential tracts. The smaller com ercial zoned tract at I704 Bonham was assessed at $0.75 P5F and the 53,350 SF site across the str et under the Hick's Muffler and Tire Shop was assessed at $0.73 PSF. The present improvements were assessed at $11,360. Thus, the total assessment was only $41,440 and the real estate taxes for 000 were $1,102. Next year, the improvements should e dropped and the land raised to reflect [he zoning change. This the land assessment was estimat d at $0.75 PSF or $51,345 which is very closer to market. The 2002 rate was estimated to be 404 higher or $2.77 for a total tax burden of $1,420. The tax assessments are based on m s appraisal techniques and are not necessarily indicative of market value and do not effect sales rices. PAT MUIRPHY & ASSOCIATES