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Home My WebLink AboutD 12311965 . ' �:�� _ � ..� � '_ � '- �� • . •�. ,,� � , ,. _ � w U_1��' ��J � , . ,. . � " . . » 1! - - __-� � I ' � - _ �' s:-� � A � � � � \�� m � a o 0 V � � � I � H � � � � � '� � x o `" .� F� • .�r .c � v� Form 468-C-Rev. Quit Claim Deed (CORPORATE FORM) THE GRANTOR CiTY QF RSN�N, a municipal eorporation, > for and in consideration of One Do21ar C�►1.00) and other good and vaivable consideration� conveys and quit cla�ms to II"IILIO PIi�ROT'I'I end GL�iDYS L. PI£EtOT1Z, his wife, � � M the following described real estate, situated in the County of K I N G � State of Washington, together with all after acquired title of the grantor(s) therein: (n All that portioa of the following deacribed propertq lying East of a line ' � 40 feet easterl.y of and parallel with the north-south center-line of Section 19, Township 23 NQrth, Range 5 East, W.M. , s�utherly of existing South margin of 7th Avenn�, and northerly of the existing northwesterly margin of Rainier Av�.nue (State Highway No. i67) ; said prflperty described as follows: Cc�m�encimg at the Nor�h one-quarter corner of Sectioa 19, Township 23, ' North, Range 5 Esst, W.M. running North 82°24' East 36 feet; thence South 1°58', West 34.3 feet to the true poiat of beginning; thenc� due 8ast 3fl.02 feet; the�ce South 1°58' West 847.39 feet; thence South y5°45• West 2.0 feet; thence North fl�15' West 847.39 feet; therice due east 4.44 feet to the true point of beginning; contaiaing 0.35.3 acres mare or less ancl lying and beiag in the Northwest one-quarter of the ,Northeast one-quarter of Section 19, Township 23 RorLh, Range 5 East, W.M. Said portion containiag approxi.mately 6, 093 squart feet. SU 87SCT 10 all resCrictions. limitationa, easements und res�rvations of record. IN WITI�'ESS WHEREOF, said corporation has caused this instrument to be executed by its proper officers and its corporate seal to be hereunto affixed this 3��— day of Deeember ,1965 CITY 0 EN1ON, a municipal corporation -------------- --------- ---------------------------------------------------------------------------- BY-------------•-•--------------------`�?j�'G`�J---------------------------- Maqor �. . BY---•--•----�---- --• - --••---- - • ---- -----•-----------------------•-•- C i ty C 1 erk �. STATE OF WASHINGTON, ss. County of KING On this �/� day of �Cembet' �19 b`� before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared - DONALD W. CUSTFdt ,a/k/a D.W. Custer, and H�I�iIE NSLSON � to me known to be the �Yo�' �E and City Clk. ��, respectively, of CITY OF REN'ION, muaicipal th�corporation that executed the foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said rorporation, for the uses and purposes therein mentioned, and on oath stated that � authorized to e.xecute the said instrument and that the seal affixed is the corporate seal of said ', corporation. � Witness my hand anct o:ficial sea,1 hQreto affiie� the day and year first aUove written. . � ---- - --- '-- - --•-•�-- - -- -- ----- -- --------•------•----•----- Not¢ry Public in and Jor the`St¢te of Washington, residing aE geAtOA. ��.c -fyY4�sn;'w'w;i;.vrra%Kz.'v�n` �'ka.��.' <.:it:.:�.!-.. �, _..n_ .. .fHa�':r;<; . " ,q7,;.y.•• . ' S,.fi;n.,;aw,.'r . _y. � ��t_ . .� .. . ,r .. . �, _, _ . � _ .. �'' �� . . - . , i y � '-"�' ; �,; � r �.� SM y � � •� ; M ` . . .. .. , � . ' �y a - z-es • r.s�PaaNr�ar� ' ()Al�'lIldl rn..�.' . ' , . . ` ' Pxw.'� .�f . • " a.� ' , ' _ :-': � . , , � ; ` �, � , yCTTY TREAS''[.T.�2. E �Z '�S �'RECEIPT �T �5 ' ' " '�.`. ' ' l�� 17�6 , r ; �i � . . � � �� . , /� �: • `' � (•'ENT�N�WA3Fd. y�R ------�?�',/'�_�i/ .---- , 796_LI�— i' ./" "-� .� `'�.'� � , - ?t 9 � REcsivea oF C` :� P�i�d�y..-''.�9_�..:--�-_-�-f r �, .° } �..��-2.rc..P ,� ��%��-�%C,�x`" �� —r `•� fL'r'�'��0,��9�/'r`.�1..��^_--�oea_�aRs . ; r • ` ' ` - -�'�." . � � � .. • ' .. ��r;.._..� f�' • � � � ---- — . E y .. � � FOR t�.�:�.•C.-C/�-�t'--zt✓'>_'�s.,�- _ '2 „r�' Z..�;t�j�y ,, ^--- _.� ..-� �'�''"�l `"'i� , �—��--- c.. • r . • I • ' ��/J v ./ �� / '. - i � , •� . -`-`----�"1�-��—L�:�+..+:G...�.—'�'� ' ��1� C�I-� �I!' J��..� � I _____'__. � [ y1,'• • t . , • V. . -� , • , . � . ,`� " - .. '� " � ,. ' . ..v . . . _ ..r' ' _.' _ __ ._' , � . • 'ti � � � ` _.._- _—____�_ (�,"!-%',r1 y�— _.___---- ___. G ,� � - ,.{ > � .. ,.-.4 . , �,-.' . T D T A L i .�s �� , � . .'s ! . . . . � � � . •J. `='��,%',`I__'°�>___ ' c i . , � , . • . . , p . ; � ` � � ' DOKOTHEA S. GOSSEI"T , � . . '.� � , . ' .,Rs! ! ^ . . � . ' �' CITY TREASURER � � fi�, v ' ` �4 � + �µa . ' ' �, . „ �.��) . ��,. '� .� � ,�• ' , - � . . . . �y,�+�.�sr'�.r; ..�,..,.s f�'�l�i''..r,?-t.'x--• f... ,/'� ' . . , i: ., . % __�s-�s.�..r f___.-... 4-_:.w,......_..'._. �=,.s.._.._...-'- 1 ' ,. . , , { - '' . a:: , ;� _ � � - 1 � . � • , , ; , z Y',, -' ' . , .r . _. , , . . . , i. .. . , , +�k, . ...4 ` ' ' � .F . ' 1 . • . �� . . . . .. . ' Y. ' . "" ' *. . ' •L � r./ - . • . ,, � . ' ,M ,'�` . , � ' , , , �� , ��4 _ ` .. . � � . �w.' � �; � .. .3 ` : . � ,. '. ' . . - ' , ' � . , . }�'�, . ' 's ^ .. - . ' ., ~ ,. ` � � � � , ., n ' � - _. � . �� ', . • . � `' � 1 .�µ , " � � ' , .. � - I� ` , _ , ., . � ' ' . • ' „�t • �� - . . '• ' . . . . ' ' ' �' � ' , � � ' _. ' � , ' � _� _ ,_ ' • . ' ; � , µ ,. - s , ... ' � • � . " � y' ' . r ' r ' . . . ' . � ' . 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''� -__.__.�. ___ � :;� ;� � . �t � �� ; �.f �r��,� r}��.'w �1 a 1965 I .;� � 'y' I ry Fromo�r C'�,rar'el t�t �h��,.7�.,__(`.?�.v Attnrtt v Depa.rtnzental Accc�uW�t �'So , ,� I ;,� Re: Sale o£ s�rpius property �ear 92nd Ave4 S�� ..� To e Mrs. I��lcnie Nelson, City Cler� F�perditur�� ccaunt i�c� . and 7tt� A*✓e. I�\ cc-Chai�m.an, Property Cou�i.ttee � ��, Ma�y�r � M �ity Enganeer � � � �,� �} Aear Aeloaie: I; �v ?� Enclosed you will find origirial �nd o�� copy s�f a propczsed Quit Claim Deed pertaining to the surplus �and sold to �nilio Pierfltti. Wi�.l yr�u ple�se have �h� City �ngia�eer verify the 3ega�. deseriptioe� to tae ab�o2utely �orrect. W� und�rstand tt��* ��t�a ssn��s pric� �� s��pt��ed �to b� �.�� pprai�a3. amti�a�t and yc�u undoubtedly �ave a c4py c�f sam�. �le rema in, p _ � �� ,ya��— urs �ery tr y, UGAN � N y�.�' � , '.� �' ,,�.� .,� � .� ��,"� t�erara . s�ellan � �. �A � C�MS.mr Czty Attar�ey �/'�' ---- � . . ��-�- � � ��- � � � �� ; , � � : , I _ , � I''�,� �� '�, � ��r � � �� , �C �e � � or�t� � . . � �t, �. l y? t ., - � �i �i l/ � � � �v� 1'�C�. � 1c� s � � � �� , ' � ��.. �. �► �, �►�� ou. � _ � �3�r�i� r''S � � ,a ,e �o � 3 ,� __ _ ��1 � ________ �� i . 4 � ... » , ��''..� i � r �� :� ._ _ _ �_____.____�� . '' � . a m e�.a n d r�a 1 �esfal� - y C8 S 5 Q C 1 C8�'�$j j�C� 605 Third Avenue•Renton,Washington�BAldwin 6-3240 November 19 , 1965 Gi ty af Renton Ci ty Hal 1 Renton , 4Jashington I PROJECT TITI.E . Surplus. Land--92nd , Avenue South Adjacent To Perotti Qwnership i APPRAISAL FEE : $85 .00 � � Res ectfull aurs P Y Y � HOMELAND ASSOCIATES , I�lC. , �� n� ' Charl es M, Mattai ni '�'f`� . � Appraiser CMM : im - _ .:�. ,. � � j`' � � h " !��(/�� . . � �� _ : �. o m e La n d rea 1 es�a�e . � : ��., C�S S O C I C8�'�S� I il C. 605 Third Avenue•Renton,Washington•BAldwin 6-3240'- � November 19 , 1965 Ci ty of Renton City Hall Renton , Washington ATTENTION : Mr. Hank Pedersen , SUBJECT PROPERTY : Surplus Land 92nd Avenue South Adjacent to Perotti Ownership Dear Sir: In accordance with your request and for the purpose of appraisal , I have examined the above described property. I have considered all pertinent data affecting the valuation ; including location , type and use of the subject property, sales and asking prices of comparable properties , the trend of the neigh- �� borhood and of business conditions generally and am of the opinion that the Market Value of the property as of November 19 , 1965 is : � i THREE THOUSAND FIVE HUNDRED AND NO/100THS DOLLARS . . $3 ,500 .00 , A report is attached hereto and made a part hereof. The val - uation is expressly made subject to the conditions and comments appearing therein . Respectfully yours , � HOMELAND ASSOCIATES , INC. n , � �� Charles M . Mattaini Appraiser CMM : im , Enclosures R " ��7 �� '� � C?�.`�d�i�1;�r"�3 � � ee . _ � o o - o �� r � --.-� � ` - _� -_ � � �� J . PROJECT TITLE : Surplus Land--92nd Avenue South Adjacent To - Perotti Ownership. OSTENSIBLE OWNER: City of Renton . PROPERTY LOCATION : Lying on the east side of 92nd AVenue South , between 7th Avenue and Rainier Avenue. LEGAL DESCRIPTION : All that portion of the following described property lying East of a line 40 feet east- erly of and parallel with the north-south center-line of Section 19 , Township 23 North , Range 5 East , W.M. , southerly of existing South margin of 7th Avenue , and northerly of the existing north- ' westerly margin of Rainier Avenue (State Highway No. 167) ; said property described as follows : Commencing at the North one-quarter corner of Section 19 , Township 23 North , Range 5 East , W.M. , running I North 82°24' East 36 feet ; thence South 1 °58 ` West 34. 3 feet to � the true point of beginning ; thence due East 30.02 feet ; thence South 1 °58` West 847. 39 feet ; thence South 75°45 ' West 2.0 feet ; thence North 0°15 ' West 847. 39 feet; thence due East 4. 44 feet to the true point of beginning ; containing 0. 353 acres more or less and lyi�ng and being in the Northwest one-quarter of the Northeast one-quarter of Section 19 , Township 23 North , Range 5 East , W. M. i + PURPOSE OF APPRAISAL : The purpose of this appraisal is to set forth a supported opinion of the market 4 value of the fee simple ownership of the subject property. Market Value is defined in this appraisal as the price the subject property will bring when offered for sale by one who desires but I is not required to sell and sought by one who desires but is not ' required to buy after due consideration of all factors reasonably ' � affecting value. DEFINITION OF HIGHEST AND BEST USE : The most profitable likely legal use , within the realm of reasonable and proximate probability , to which a property can be adapted and is capable of being use. VALUE IN USE : Value of the property results from the use to which it is put , and varies with the profitableness of that use , present and prospective , actual and anticipated, There is no pecuniary value outside of that which results from such use. DATE OF INSPECTTON : November 2 , 1965 and subsequent dates to date of appraisal . � ~ Char„jl es M. Mattai ni , Apprai ser r � ' w . � . ZONING : The subject land is street right of way and is not under . any zoning use classification. Adjacent and surrounding properties are zoned B-1 with some "G" classification to the west. UTILITIES : Sanitary and storm sewers are available at the pro- perty. 12" and 18" water lines are in the street right of way. Electricity , gas and telephone service is at the property. HIGHEST AND BEST USE : The highest and best use of the subject , land will be predicated by , but subordin- ate to , the use of the adjoining land to the East. Land to the East is zoned ( B-1 � ; a business use classification by the City of Renton. It is the opinion of the appraiser that the adjoining land is capable of, and can be adapted to , gasoline service sta- tion and other service type business use. SITE DESCRIPTION � The subject proper�y is an elongated tract+of land with a mean length of 365 feet- and a width �f 24 feet- on the North ( 7th Avenue� and narrowing to 10 feet- wide in the South (Rainier+ Avenue� . Total land area of the tract is 6 , 100 square feet - . It is level and at grade with street and adjoining lands . There is an encroachment of two frame buildings on the subject land from the adjoining land to the East. APPRAISAL PROBLEM � A preliminary history search of title and conveyance of the sub- ject property shows a deed dated September 24 , 1919 in which is recited a reservation in the use of the land; "for road purposes forever" . This is a very limiting factor and reduces the use of the subject tract to a minimum . All value stems from use and since use of the subject land is restricted , no market for the land exists in the accepted sense . Economic value of the subject land is created from the productivity of the adjoining land. Therefore the valuation of the subject land is determined to a greater extent by the "Value in Use" concept as against the "Highest and Best Use" concept. EVALUATION It is the opinion of the appraiser that the adjoining land will �e utilized as a commercial and business complex. The land area of this tract is not optimum and therefore integration with any additional land such as the subject tract , mindful of its restric- tions will result in an increment of value. Accruing benefits from M Charles M. Mattaini , Appraiser , `. , . � • , added parking , advantages in set back requirements of improvements - j and cognizability will result from the combination of the two par- � cels into the larger whole. �i Market Value of the land of the adjoining tract is established at $1 . 25 per square foot. This value is set from a market data approach as indicated by recent sales . Since no market exists , in concept , for the subject land, imple- mentation of the Market Value Concept is based upon the "Value In Use" principal . It is the opinion of the appraiser, based upon the above conelusions , that the Market Value of the subject property is : THREE THOUSAND FIVE HUNDRED AND NO/100THS DOLLARS . . $3 ,500.00 � Respectfully submitted , i � ' n � � � �i�"�'lY��%�`��it.G� I Charles M. Mattaini Appraiser I v � ' 4 . PROJECT TITLE : Surplus Land--92nd Avenue South Adjacent To - Perotti Ownership . ��- �765. �7 Qi�� ` � � ��t � � i � � � � � � �� o � A ��° P o � � 30�-� � � ' � �., �� c � � ° � � � I , /5-� � Charles M . Mattalni , Appraiser