Neighborhood. Seller has made no investigations, representations, warranties, or assurances to Buyer concerning the nature or character of individuals living in the neighborhood surrounding the Property, present or future.
Neighborhood. Adopt effective strategies to achieve the Neighborhood goal. Such activities include but are not limited to:
Neighborhood. Transform neighborhoods of poverty into viable, mixed- income neighborhoods with access to well-functioning services, high quality public schools and education programs, high quality early learning programs and services, public assets, public transportation, and improved access to jobs.
Neighborhood. The location adjustment takes into consideration the community, neighborhood, access, visibility, and other known factors that may contribute or detract an estimate of value for the subject. Site Characteristics Topography/shape, site access, sewer/water/utilities, zoning, units permitted and site size are considered in estimating the per unit value for the subject. Summary The sales were reviewed and compared to the subject with respect to: - Method of financing and other motivational factors - Market conditions - Neighborhood - Zoning and intended use of the site - Site characteristics From this overview it is the Appraisers' opinion that the Direct Sales Comparison Approach of the site develops a value of: One Million Four Hundred Twenty-Two Thousand Dollars ($1,422,000) This indicates a value of $4,500 +/- per unit for the subject's 316 units. Area Computations: The Meadows II (Phases II,IXX & XX) 201-401 N. Xxxxxxxx Xxxxx Xxxxxxx, XXX00:07 Land Dimensions Tax Key Numbers: 0710-032-1502,1503 & 04 Xxxx Attached Surveys Land Area Phase II Lot 2 CSM 1872 220,844 SF+/- Phase III Lot 1 CSM 2982 248,496 SF+/- Phase IV Lots 2 & 3 CSM 2982 378,885 SF+/- Total Land Area 848,224 SF +/- or 19.473 Acres +/- Building Dimensions Basement Area Gross Basement Area 102,456 First Floor Gross Finished Floor Area 127,418 SF+/- Second Floor Gross Finished Floor Area 127,418 SF+/- Gross Finished Floor Area 254,836 SF+/- First & Second Floors Wall Length 2005.6 Lineal Feet+/- Average Story Height 9.00 Feet +/- Floor to Wall Ratio 127.06 Ratio (Square feet + Lineal Feet)
Neighborhood. The location adjustment takes into consideration the community, neighborhood, access, visibility, and other known factors that may cause economic (external) obsolescence. All of the comparables are in defined apartment residential neighborhoods similar to the subject. Building Characteristics Adjustments for age, quality, condition, ceiling height, floor plan, and gross area, although closely related, are separated to minimize generalization of the building as compared to the subject. The major adjustments related to the age of the building as compared to the individual sales. Adjustments for age were made on the basis of a 40 year economic life. Adjustments for construction quality and condition were not warranted for the comparables. Adjustments were warranted for all of the comparables but least applied to Sale 1 which was most comparable with the exception of smaller unit sizes and concentration of mix. The sales were reviewed and compared to the subject with respect to: - Personal property - The property rights conveyed - Method of financing and other motivational factors - Date of sale - Site size - Zoning - Desirability of area - Type of building and construction quality - Building age and size - Condition of building - Quality of finish - The finished office area of the building From this overview it is the Appraisers' opinion that the Direct Sales Comparison develops an estimated "Market Value" of the Fee Simple Estate, of: Eleven Million One Hundred Thousand Dollars ($11,100,000) The market indicator is $43.56+/- per square foot for 254,836+/-square feet, or $35,126 per unit for 316 units and a GRM of 4.95. The Income Capitalization Approach This approach to value can be described as: That procedure in appraisal analysis which converts anticipated benefits (dollar income or amenities) to be derived from the ownership of property into a value estimate. The Income Capitalization Approach is widely applied in appraising income-producing properties. Anticipated future income and/or reversions are discounted to present worth through the capitalization process. The income premise is defined as: The underlying assumptions as to the pattern of the future income expectancy which represents the basis of income capitalization in the appraisal process. The income premise may be based on the assumption that, while future income installments may fluctuate, their equivalent is assumed to be: (a) a level yearly income of a certain amount; (b) a series of future ...
Neighborhood. Foundation reserves the right, in its sole discretion, to grant, from time to time, Neighborhood status to any portion of the Property made a part of this Declaration, and to any Additional Property Foundation may in the future elect to subject to this Declaration.
Neighborhood. The physical area in which the home exists (not a house or apartment, but the area in which the house or apartment exists).
Neighborhood. The employee may attend the meeting and speak during public comment, but should make clear that he is speaking in his private capacity and not as a representative of the Department.
Neighborhood. Every Living Unit shall be located within a Neighborhood. The Owners in such Neighborhood shall be members of a Neighborhood Association in accordance with a Neighborhood Declaration in addition to the Master Association. Any Neighborhood Association comprised of condominium Living Units which is on a private street that is not dedicated shall make payments to a Sanitary Sewer and Water Line Reserve Maintenance Fund as required by Lake County for the maintenance and repair of sanitary sewers and water lines servicing such Neighborhood.
Neighborhood. An annual fee imposed upon properties which are listed on the Blighted Property Inventory List.
