RockSpringCluB-Hendricks Appraisal.pdf

SUMMARY OF FACTS & CONCLUSIONS Zoning R-1 - One Family Residential District - 80,000 Sq. Ft. Minimum Lot Area (Block 46.01, Lot 22 - Block 160, Lot 10 - Block 160.01, Lot 30) R-3 - One Family Residential District - 20,000 Sq. Ft. Minimum Lot Area (Block 160, Lot 2) R-4 - One Family Residential District - 15,000 Sq. Ft. Minimum Lot Area (Block 160.01, Lot 34) The primary or controlling zone is the R-1 District which has been utilized in the valuation of the subject property. The two subject parcels located within the R-3 & R-4 Districts have a combined lot area of 13,000 Sq. Ft. Assessed Valuation Block 46.01, Lot 22 Block 160, Lot 2 Land $ 182,000.00 Land $ 1,000.00 Improvement $ 000,000.00 Improvement $ 0,000.00 Total $ 182,000.00 Total $ 1,000.00 Block 160, Lot 10 Block 160.01, Lot 30 Land $10, 124,600.00 Land $ 1,210,000.00 Improvement $ 2,467,400.00 Improvement $ 500,000.00 Total $12,592,000.00 Total $ 1,710,000.00 Block 160.01, Lot 34 ’ Aggregate Assessment Land $ 15,000.00 Land $11,532,600.00 Improvement $00,000.00 Improvement $ 2.967.400.00 Total $ 15,000.00 Total $14,500,000.00 2018 Tax Rate: $4.038 Per One Hundred Dollars of Assessed Value 2018 Real Estate Taxes: $585,510.00 2019 Equalization Ratio: 87.74% 2019 Equalized Valuation: $16,526,100.00 REAL ESTATE APPRAISALB a & RESEARCH