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9786-1 <br /> <br />57 <br /> <br />AFTER VALUE <br /> <br />Correlation And Final Estimate of Value <br />The subject value was estimated by two approaches in this appraisal. <br />indications are as follows: <br /> <br />The two value <br /> <br />Sales Comparison Approach to Value <br />Development Approach to Value <br /> <br />$450,000 <br />$375,000 <br /> <br />In this appraisal we are measuring the impact of a partial land taking. Thus, to make <br />certain that potential damages do not get lost in the rounding, we will consider the <br />difference between the before and after values as follows: <br /> <br />Sales Comparison Approach to Value <br /> Before Condition <br /> After Condition <br /> Difference <br /> <br />$488,0OO <br />$45O,OOO <br />$ 38,O0O <br /> <br />Development Approach to Value <br /> Before Condition <br /> After Condition <br /> Difference <br /> <br />$408,000 <br />$375,000 <br />$ 33,000 <br /> <br />As in the before value analysis, we will give most weight to the sales comparison <br />approach and supporting weight to the development approach. <br /> <br />In the after situation, the subject's land value is estimated to be $432,000. <br /> <br />FOUR HUNDRED THIRTY TWO THOUSAND DOLLARS <br /> <br />Patchin & Associates, Inc. <br /> <br />Valuation Consultants <br /> <br /> <br />