REP47748

• Permit No: M1993059
• IBM Index Class Name: Report
• Doc Date: 1/21/1994
• Doc Name: UNIFORM AGRICULTURAL APPRAISAL REPORT
• Media Type: D
• Archive: No

0 1992 -American Society of Farm Managers and Rural Appraisers, Inc. Appraisal Report # 0194T
Robert H. Randle
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H x~ Currerrf Ownership Longer Than 3 Years

i. Owner Recording/Reference Dete Price Pald Terma
a Previous: Fed Land Bank / / S 0
t Present; See Deeds 02/20/875 0 cash
Listing Price: S 0
Currently: Optioned ~ Under Corrtract
r Buyer: Currently Listed Listing Date: / /
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y Corriract Price $ 0
Current Zoning: Agriculture ZoningConformlty Yes No
Z Zoning Change: ~ Possible ~ Likely To:
° Commerrts:
~n When subject vas purchased is vas pert of a large piece of land of epproxilmtely 3300 acres.
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Tax Basis: Assessment Year 0 Forecast:
Agricuhural Land ; 0 Current Tax S 0
T ~ Buildin ~s~ ~ ~ ~ S Estimated Stabilized $ 0
. ~S 0 Or S 0.00/acre
x
e . areal#Numerous Total Assessed Value S 0 Trend:QUp ~ Down XD Stable
s . manta:
The taxes for the subject are taxed along vith other land of the owners and a break out vas not available.
Hlghem a Beal Uae Is tleflnstl ea ihel laaaone610 6 pmbebla use Ihd fuppoXS the hlgheet prasem vdua, u darned, as d the aflsdM dale of the eppMissl.
. , H ~. AremslMly, that ux, hom among reesonabty probable & legally ellamellva uses, burnt to be phyalrally pdrlble, appraptlalely supported, rnenclelly Naalble, 6 whkh
i rasuxe In the higherilantl value.
Ariafysls: iS(scliss 1egalfj%pe"rmissi6ie,;ofiysica0y poss~b)e; i(naric(a7ly ieas)b)e; 3' mazimal(y p~oi/uotive uses.
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A In estimating highest and best use, there are essentially Your stages of analysis: 7. Possibly use.
What uses of the site in question are physically possible? 2. Permissible use. (legal) Yhat uses are
. 8~ permitted by zoning and deed restrictions on the site in question? 3. Feasible use. Yhich possible and
permissible useds will produce a net return to the ovner of the site: 4. Highest and best use. Alllong
the feasible uses, which use rill produce the highest net return to the ovner of the site? The following
a ~~ tests must be met in estimating the highest and best use. The use must be legal. The use must be
e~ profitable, not speculative or conjectural. There must be a profitable demand for such use and it must
•:. return to the lend the highest net return for the longest period of time. These Tests have been appt led
'..t ~~ to the property. In arriving at the estilrete highest and best use, the subject is presently being used
for the highest end best use.
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° Highest & Best Use "as iP' Vacant or Unimproved: I rri ated Cro land
A Highest&BestUse "as currently"Improved: ,,, .,,,.,,, Irri ated Cro land
n Analysis:
a ~ Because of the subjects location it not probable that the land viii be used for any other purpose other
~ then irrigated farmland unless the Buffalo vater is sold. Because of the Fort Lyon water the best
development propose vould be for irrigated farmland.
V Valuation Methods: ~ Cost Approach ~ Income Approach Sales Comparison Approach
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(Explain & support exclusion of one or more approaches).
~ Because there were rw improvements on the property the Cost Approach was not used in this appraisal. There
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t. vea en old house on Section 11 vhich ues in poor condition with no value.
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' , a rm mu wmp a pr sppaser, o o arm ne i a su i ay apse rt app leaf on. penone a eve o s ew opme or
publishing d ibis form antl the ASFMRA mews no repreeedellona or wanenllee m to es auitebllMy or use; lhay Mall nd be liable for a^Y errors or misrepresenfellons or far Incitlentlai,
~epueMlN, or arty dhar damage rewaing hom the Nmlahing, complellon, or use d ihla brm. Tha AaFMru recommentls Ihet the teex Vnibim Agdcuxurel Appraisal RepoA
IUAAfi) Guidebook bs used br complaflon d lhh form report. Chengn to iMa form may be matle by 1M ASFMRA V arty Ilma, vrithoul ndlu. The Salient Fed Page ,when used u a
dMa summery sepermely from the UAAR package, Is nd to be conslmed es an epprebm.
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