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II <br /> I <br /> I Sale Stamp Bldg. Tax incr. <br /> Parcel Date Value Size Land/Bldg. $/SF <br /> 1 4.41.A.1 2/84 $46,500 862SF 92%/33% $53.94 <br /> 4.41.A. 1A 4/87 $63, 000 1118SF 92%/35% $56. 35 <br /> I2/84 $53, 000 1118SF $47.41 <br /> 4.41.A.4 8/83 $50,500 848SF 92%/36% $59.55 <br /> 1 4.41.A.5A 11/84 $72,000 1676SF 92%/23% $42.96 <br /> II The corresponding data produced by this sample are as <br /> follows: <br /> Land value (tax) increase: <br />' mode - 92% <br /> mean 92% <br /> U Building value (tax) increase: <br /> mode 35% <br /> mean - 32% <br /> II Building $/SF: <br /> mean $52 . 04 <br /> I In this case the industry has been established for a long <br /> time and therefor would show a more mature trend in property <br /> values under the influence of a zoning which is not normal <br /> I for a residential neighborhood. This also demonstrates how <br /> a residential neighborhood has continued to grow in value <br /> even with an industrial zoning in the immediate area. In <br /> this case one sale showed about a 19% increase in value over <br /> I three years or over 6% per annum. A very reasonable <br /> increase. The higher than normal land value increases could <br /> possibly be explained by the location close to the downtown <br /> I area and by being in a well established residential <br /> neighborhood. There have been some recent industrial <br /> developments in the area near this neighborhood. <br /> 1 <br /> I <br /> I <br /> I CAPEWELL & CAPEWELL, INC. <br /> Real Estate Appraisers - Consultants <br /> 1 <br />