HomeMy WebLinkAboutAppraisal - 7th Av N/8th Av N / z go
Louis Peretti ,
2054 Monterey Dr.
Renton, Washington
98055
February 5, 1967
City of Renton
City Hall
Renton, Washington
Honarable Mayor and City Council
Gentlemen:
On the date of May 11 , 1966 I submitted my bill for the
appraisal services rendered on the improvement located at
3rd. Ave. North and Logan Street to Sunset Blvd. in Renton.
As to date I have not received the amount of $200.00
due me. Would ,you please inform me as when this will be
forth coming.
Yours Truly,
Louis Peretti , Appraiser
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1 1
Cctober 2, 1957
City of Penton .
City Hall
Penton , Washinoton 98055
ATTENTION : Henry Pedersen
t,,poraisal on Public Use Strip
He cween 7th and 8th Avenue
North in Block 26R , Corrected
Plat of Renton Highlands .
[See Attached Sketch]
Dar `•Ce.:
con:piiaoce with your request. I have completed my
,4inion of value on the above captioned property.
Please be iefermed that a careful and personal ins-
pection was made of thds property and that due con-
c i derati on was given to all factors and forces that •
influence property value it the subject location.
'Ass a result of ray investujation and findings it is
ry considered and professional opinion that the sub-
ect property, as described above , warrants a r'arket
value as of October 2 , 1967 , in the amount of
THREE THOUSAND AND NO/100THS DOLLARS
[3,000.00]
Should questions arxlse in connection with this report
or if I can ' be of further assistance in this or other
matters please feel free to call upon me.
This appraisal supersedes that appraisal submitted
as of June 20 , 1966. •
•
. Respectfully submitted,
HOMELAND ASSOCIATES, INC.
' cif
Charles M. Mattaini
Appraiser
CMM:bc
Enclosure
PURPOSE OF THE APPRAISAL
The purpose of this appraisal is to establish an
estivate of market value of . the subject property
described herein as of October 2 . 1967e This report
is prepared to furnish a guide as to the sale price
that the subject property should command if exposed
for sale in the open market on the date of this app-
raisal .
•
DEFINITION Pr M.1FKET VALVE •
Market value , for the purpose of this report , is de-
• fined as follows :
The highest price estimated in terms of money
which a property will bring if exposed for
sale in the opera mar('et, allowing a reasonable
time to find a purchaser who buys with knowl-
edge of all the uses to which the property is
adopted and for which it is capable of bei nq
used.
in this d2fir ition it is assumed that the transaction
is based on cash or cash equivalent considerations .
Favorable or unfavorable terms of sale are bound to
affect the transaction price which this property can
command in the open market.
It is further assumed that title to the property is
good and marketable and that fee simple ownership is
to be transfe,*d free from all encumbrances except for
those specified in the deed of public record.
LEGAL OESCPIPTION
Not furnished. [See attached sketch ] .
SITE DATA
Type property: Vacant, undeveloped land.
Size end Shape : An Irregular shaped tract with 50' foot
• frontage on 7th avenue and extending
To the rear a distance of 105 feet + with
an additional 12 foot wide strip con-
tinuing along the east line to Rth Avenue •
for a distance of 116 feet 4.
Area of Tract: 5100 square feet +.
Access : From 7th Avenue North at street grade
with 12 foot strip from 8th Avenue North.
Topography: Level . cleared ground at street grades
and at grade with adjoining lands .
Utilities : All public utilities are available for
service at this site.
Charles I . Mattaini . Appraiser
Zoning : Present zoning is designated as R-1 .
Zoning continuous with the subject to
the west and north is R-2 and R-3.
Zoning contiguous and to the east is
R-1 .
Highest and
Best Use : It is the opinion of the appraiser
that the highest and best use of. the
property is for use as a site for a
single story ? unit multi-family
dwelling. Based upon surrounding zon-
ing and existing environmental con-
ditions this seems logical and proper.
CONCLUSION OF VALUE
From a study and analysis of multi-family land use sales
in the area , it is the conclusion of the appraiser the
market value of the subject property is
THREE THOUSAND AN") NO/MOTHS POt1APS
[S3 ,000.00]
Respectfully submitted,
Charles M. Mattaini
Appraiser
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7 P.,0 Sq . Ft . +
TOTAL AREA 5100 Sq . Ft. +
AREA LESS 12 Ft.
WALKWAY [STREET
to STREET]
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o m GLa n d real estate
* 605 Third Avenue•Renton,Washington•BAldwin 6-3240
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. �., June 20 , 1966 ��,,,/
City of Renton
City Hall
Renton , Washington 98055
ATTENTION : Henry Pedersen
Re : Appraisal on Public Use Strip
between 7th & 8th AVenue
North in Block 26B , Corrected
Plat of Renton Highlands .
1
Dear Sir:
In compliance with your request , I have completed my
opinion of value on the above captioned property .
Please be informed that a careful and personal inspection
was made of this property and that due consideration was given
to all factors and forces that influence property value at the
subject location.
As a result of my investigation and findings it is my con-
,sidered and professional opinion that the subject property , as
described above , warrants a market value as of June 20 , 1966 ,
in the amount of
TWO THOUSAND EIGHT HUNDRED AND NO/100THS DOLLARS
( $2 ,800 .00)
Should questions arise in connection with this report or if
I can be of further assistance in this or other matters please
feel free to call upon me .
Respectfully submitted ,
HOMELAND ASSOCIATES , INC.
> j j�
Charles M. Mattaini
Appraiser
CMM : im
Enclosure
11
PURPOSE OF THE APPRAISAL
The purpose of this appraisal is to establish an estimate of
market value of the subject property described herein as of
June 20 , 1966 . This report is prepared to furnish a guide as
to the sales price that the subject property should command
if exposed for sale in the open market on the date of this
appraisal .
DEFINITION OF MARKET VALUE
Market value , for the purpose of this report , is defined as
follows :
The highest price estimated in terms of money which
a property will bring if exposed for sale in the
open market , allowing a reasonable time to find a
purchaser who buys with knowledge of all the uses to
which the property is adopted and for which it is
capable of being used.
In this definition iL is assumed that the transaction is based
• on cash or cash equivalent considerations . Favorable or un-
favorable terms of sale are bound to affect the transaction
price which this property can command in the open market.
It is further assumed that title to the property is good and
marketable and that fee simple ownership is to be transferred
free from all encumbrances except for those specified in the
deed of public record.
LEGAL DESCRIPTION •
Not furnished. ( See attached sketch ) .
SITE DATA
. Type Property : Vacant , undeveloped land.
Size and Shape : An irregular shaped tract with 50 foot - .
frontage on 7th Avenue and extening to
the rear a distance of 105 feet - with an
additional 12 foot wide strip continuing
along the east line 8th Avenue for a
•
distance of 116 feet - .
Area of Tract : 7 ,750 square feet - .
Access : From 7th AVenue North at street grade
with 12 foot strip from 8th Avenue North .
Topography : Level , cleared ground at street grades and
at grade with adjoining lands .
Utilities : All public utilities are available for ser-
vice e at the site .
_._ .n J....+�..._i. _.�... ... ._....._.,__....._._.�_ ....
Zoning : Present zoning is designated as R- 1 .
Zoning contiguous with the subject to
the west and north is R- 2 and R- 3.
Zoning contiguous and to the east is R- 1 .
Highest and
Best Use : It is the opinion of the appraiser that
the highest and best use of the property
is for use as a site for a single story
2 unit multi - family dwelling . Based upon
surrounding zoning and existing environ-
, mental conditions this seems logical and
proper.
CONCLUSION OF VALUE
From a study and analysis of multi -family land use sales in
the area , it is the conclusion of the appraiser the market
value of the subject property is
TWO THOUSAND EIGHT HUNDRED AND NO/100THS DOLLARS
( $2 , 800 . 00 )
Y
ResP ectfull submitted ,
Charles M. Mattaini
Appraiser
1
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Re : Appraisal of Public Use Strip
between 7th & 8th Avenue
North in Block 26B , Corrected
Plat of Renton Highlands .
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VIEW OF FRONTAGE ON 7TH AVENUE NORTH
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VIEW OF 12 FOOT STRIP FROM 8TH AVENUE NORTH
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III
o m e La n d real estate
t1SSUCiC.Iis, inc. 605 Third Avenue• Renton,Washington• BAldwin 6-3240
/0.,e,e ,1- .0—4`'7- ,;. ..it:,, 0 7 t/jL—
October 2 , 1967 . �x /'L`-`
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City of Renton c5>4
uez.,,e...... 4eg.re_e_ee_
City Hall 7,4(A -
Renton , Washington 98055
Re : Appraisal on Public Use Strip .
Dear Sir:
Enclosed find the appraisal [copy] and sketches of the
Public Use Strip between 7th Avenue North and 8th Avenue
North , which you requested.
Sincerely yours ,
HOMEL D ASS IATES , INC .
r
Charles M. M ttaini
Broker
be
enclosures 2
thirtyyears of real estate experience
P
appraisals • commercial • residential
r
o m e La n dImmIlmmi real estate
605 Third Avenue• Renton,Washington•BAldwin 6.3240
CM �i�3 J�i 5 i h.i i c J, i fi C. �.
414.#, AOU*,,,s;de°-rs'"" 7().../Zipe-- -10^-1-.1.--)-2/ ,
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October 2 , 1967 //
City of Renton
City Hall t ,
Renton , Washington 98055 7?.,,. 0,,,,, 9,Z,A_ .
ATTENTION : Henry Pedersen
Re : Appraisal on Public Use Strip
Between 7th and 8th Avenue
North in Block 26B , Corrected
Plat of Renton Highlands .
[See Attached Sketch]
Dear Sir:
In compliance with your request. I have completed my
opinion of value on the above captioned property .
Please be informed that a careful and personal ins-
pection was made of this property and that due con-
sideration was given to all factors and forces that
influence property value at the subject location .
As a result of my investigation and findings it is
my considered and professional opinion that the sub-
ject property , as described above , warrants a market
value as of October 2 , 1967 , in the amount of
THREE THOUSAND AND NO/100THS DOLLARS
[3 ,000 .00]
Should questions arXise in connection with this report
or if I can be of further assistance in this or other
matters please feel free to call upon me .
This appraisal supersedes that appraisal submitted
as of June 20 , 1966 .
Respectfully submitted ,
HOMELA D ASSOCIATES , INC.
2
Charles M. Mattaini
Appraiser
CMM: bc
Enclosure; thirty years of real estate experience
appraisals • commercial • residential
PURPOSE OF THE APPRAISAL
The purpose of this appraisal is to establish an
estimate of market value of the subject property
described herein as of October 2 , 1967 . This report
is prepared to furnish a guide as to the sale price
that the subject property should command if exposed
for sale in the open market on the date of this app-
raisal .
DEFINITION OF MARKET VALUE
Market value , for the purpose of this repert , is de-
fined as follows :
The highest price estimated in terms of money
which a property will bring if exposed for
sale in the open market, allowing a reasonable
time to find a purchaser who buys with knowl -
edge of all the uses to which the property is
adapted and for which it is capable of being
used .
In this definition it is assumed that the transaction
is based on cash or cash equivalent considerations .
Favorable or unfavorable terms of sale are bound to
affect the transaction price which this property can
command in the open market.
It is further assumed that title to the property is
good and marketable and that fee simple ownership is
to be transferred free from all encumbrances except for
those specified in the deed of public record .
LEGAL DESCRIPTION
Not furnished . [See attached sketch] .
SITE DATA
Type property : Vacant , undeveloped land.
Size and Shape : An irregular shaped tract with 50 foot
+ frontage on 7th avenue and extending
To the rear a distance of 105 feet + with
an additional 12 foot wide strip con-
tinuing along the east line to 8th Avenue
for a distance of 116 feet + .
Area of Tract : 5100 square feet + .
Access : From 7th Avenue North at street grade
with 12 foot strip from 8th Avenue North .
Topography : Level , cleared ground at street grades
and at grade with adjoining lands .
Utilities : All public utilities are available for
service at this site .
Charles M. Mattaini , Appraiser
Zoning : Present zoning is designated as R- 1 .
Zoning contiguous with the subject to
the west and north is R-2 and R-3.
Zoning contiguous and to the east is
R- 1 .
Highest and
Best Use : It is the opinion of the appraiser
that the highest and best use of the
property is for use as a site for a
single story 2 unit multi -family
dwelling . Based upon surrounding zon-
ing and existing environmental con-
ditions this seems logical and proper.
CONCLUSION OF VALUE
From a study and analysis of multi -family land use sales
in the area , it is the conclusion of the appraiser the
market value of the subject property is
THREE THOUSAND AND NO/100THS DOLLARS
[$3 ,000 .00]
Respectfully submitted ,
6jr
Charles M. Mattai i
Appraiser
Public Use Strip
Between North 7th
Street and North
8th Street
Renton Highlands
NORTH 8TH STREET v2
It SINGLE FAMILY
0 R- 1
R-2
ED _si . — DWELLING
BLOCK 26-B BL. #1
CORR. PLT. of VISTA HEIGHT
o RENTON HIGHLANDS ORIGINAL
L HIGHLANDS
E
DUPLEX 1 IZgln
•r
R- 1
Q i v% SINGLE FAMILY
__I R- 2 ' �� ��1 DWELLING
ORIGINAL Q 5 1
,-+ 1 1
ct
= HIGHLANDS _ \ISUBJECT I Y
DUPLEX TRACT I a
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!_ . 1 21
NORTH 7TH STREET