Laserfiche WebLink
• <br />CI <br />LAND/POND VALUE (Continued) <br />55,827 uare feet of "non - Oasis Pond" area <br />The value of the <br />ccura e <br />ablished by analyzing land sales 1 through <br />can <br />rty features/characteristics that most affect <br />7. Those prope <br />value in the comparison and analysis of land sale <br />and <br />location, roadway access/traffic visibility, of the land, <br />best use for the property, soils and topography <br />presentee or absence of low lying marsh or ponding area in the <br />or absence of "pond views" -when <br />sale properties, and presence <br />comparing to the subject acreage which adjoins Oasis Pond. Also, <br />appropriate adjustments to the land their. es must e made to allow <br />ow <br />for increases in land values sin a "time <br />sale. For the purposes of this va].uatondantpyeach of the <br />adjustment" of from 4% to 5% per ar is aincrease in land values <br />land sales to allow for the approximate <br />since their dates of sale. <br />Sale 1 is of an older transaction ofe� e 1.5 alongaSnd <br />nellingtAvenueof ain <br />just to the east of the subject prop Y The site is now <br />1984 at a rate of $2.94 per square foot. <br />improved with the Roseville Family Care Cenic visibilitysuasewellaas <br />by comparison has inferior `t,)wever, the subject is superior in <br />soils/topography features. Oasis Pond. After <br />potential use and has a view of adjoining <br />the indicated subject value is about <br />allowing for date of sale, <br />$3.61 per square foot. <br />Sale 2 in June, 1985is of the 12.39 acres of land at the corner <br />of County Road C11and Long Lake Road now developed as the <br />er <br />Rosedale Corporate Plaza. It solott rate of <br />date <br />the 4pof <br />square foot ($5.61 per square foot <br />sale). The subject site by comparison is inferiorin <br />lofai on, <br />access/visibility, best use and soils/topography. <br />are in part offset by the fact that the sale site had a 2-acre <br />marsh/pond area when sold, and the subject site has the advantage <br />of a "pond view". Indicated subject value of about $4.10 per <br />square foot. <br />Sale 3 at the corner of County Road e"D" andaong1986 Lake Roadais 01 <br />time <br />the Tower Glen shopping center sit <br />adjusted :ate of $3.42 per square foot. The subject site by <br />comparison is superior in location and has a pond view; inferior <br />in access/visibility and soils/topography. Net indicated subject <br />value of about $3.52 per square foot. <br />34 <br />