Appraisal Report for ALP Relinquishment Areas 1 & 2

EASEMENT VALUATION
The sales comparison approach is used to estimate the land value. The
analysis of the easement interest and restrictions will be considered in property
rights conveyed. It arrives at a value by comparing the Subjects to known similar
sales. No other approaches are applicable. Researcher Luci Phelps and
searched the La Plata County public records for every land sale near Durango
since 1990. The comparable sales are restricted to the large sales in the
immediate neighborhood. The extensive research is helpful in determining time
trends and showing demand for public purposes. I have inspected all of the sales.
The most comparable sales to the larger parcels are summarized on the
following chart arranged in ascending order of price per square foot. No similar
sales of land with similar permanent easements are available. A location map and
sales sheets with additional information follow the chart. I have confirmed the
sales I rely on with the buyer, seller or a knowledgeable party.
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