RockSpringCluB-Hendricks Appraisal.pdf

THE COST APPROACH — AS A VALUATION INDICATOR The following is a summary tabulation of the individual buildings and corresponding occupancy codes as defined by Core Logic - Marshall & Swift and utilized in the replacement cost new estimates which can be found on the following pages. Occupancy Code 314 529 523 406 Included below will be found a summary of the estimated demolition and site clearing costs based on the Marshall & Swift - Core Logic replacement cost new for each improvement along with the lump-sum - $700,000.00 for the golf course improvements as discussed herein. Demolition Cost Estimates: Club House $195.03 PSF | 2.00% -$ 86,950.00 Pool House $148.02 PSF 2.65% -$ 11,438.00 Golf Cart Storage $ 90.63 PSF 3.90% -$ 10,858.00 | Maintenance Garage #1 $ 84.15 PSF 4.10% -$ 11,675.00 | Maintenance Garage #2 $ 93.96 PSF 3.75%-$ 6,342.00 Contingencies @ 15.00% $ 19,089.00 Lump Sum - Golf Course | Improvements, Parking Areas, Pools, Tennis $ 700,000.00 Courts, Paddle Tennis. Total Demolition Costs | $ 846,352.00 [ T ] REAL ESTATE - 78 - APPRAISALS [| & RESEARCH