Other Acreage Sales I am familiar with other acreage sales in the coastal area of Orange County of which Sale No. 5, above, is a good example. All lack good comparability and I have considered them as indicative of a general range of acreage values near to the coast line but inferior to subject because they lack ocean frontage. The pressure of time does not allow me to include several of these acreage sales in this report, but they are in files and I will refer to them in the event expert testimony is required. PAGE 41 LAURENCE SANDO, M. A. I. REAL ESTATE APPRAISER Market Data Sale No. 1 Location West of San Diego Freeway and south of Avenida de Las Palmeras on ocean front in extreme southwest corner of City of San Clemente and Orange County. Improvements Spanish style stucco dwelling built about 1926 with guest Price Sold Deed dated 6/30/69, Docu. 9035 and 9036. Deed recorded 7/15/69, Book 9021, Page 7, DTT None PMTD Amount: $1,000,000 Rec. 7/15/69 $400,000 down T.D. payable $100,000 per year on principal plus 7% interest. Balance in 5 years. $1,400,000 - average $54,080 acre for 25.888 acres Assessor's 8ook 60, Page 160, Parcel 06 and 24 1250' of frontage on top of bluff with unobstructed 1650' of beach and ocean frontage between Santa Fe tracks LAURENCE SANOO, M. A. I. REAL ESTATE APPRAISEA PAGE Location Market Data Sale No. 2 At south end of Calle Isabella along the entrance road to the homesite, in City of San Clemente in Orange County 705' of 6' high concrete block wall on easterly line (County) also concrete block wall on southerly and west line. Deed recorded 10/13/69, Book 9104, Page 922, DTT: None |