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Home My Public Portal About1979.01.10 Appraisal of Land Parcels near McCall Golf Courseelham orth eal ty BOX 1126 MCGALL, IDAHO 83638 PHONE 208-634.2208 January 10, 1979 Mr. Robert H. Remaklus P.O. Box 759 Cascade, Idaho 83611 Dear Mr. Remaklus, re; A.ppraisal,-_of land parcels near McCall Golf Course .At your request, I have completed an appraisal of the noted parcels of land, the same property as is legally described within the attached appraisal. Enclosed is a report describing methods used and other information obtained in this investigation. In my opinion, the estimated fair market value of the described property as of January 1, 1979 is; Parcel A $3, 200. 00 Parcel B $500.00 Parcel C $2, 700. 00 Total Value of described parcels; Six Thousand Four Hundred Dollars $6, 400. 00 Regards, _ Paul M. Pelham PP/mlp APPRAISAL OF GOLF COURSE PARCELS PREPARED FOR CITY OF McCALL TABLE OF CONTENT PART I INTRODUCTION Page Qualifications of Appraiser 1 Assumptions and Limiting Conditions 2 PART II DESCRIPTION, ANALYSIS AND CONCLUSION Scope of Appraisal 3 Legal Description 3 Legal Description, con't. 4 Regional and State Data 4 Area and Neighborhood Data 4 Description of Land 5 Highest and Best Use 5 Correlation and Conclusion 6 Certificate of Appraiser 7 P AR T'. III ADDENDA i Photos, Tudor Eng. Plat #7416- attached and a part of this appraisal gelham BOX 1126 MCCALL, IDAHO 83638 PHONE 208-634.2208 QUA.LIFICA.TIONS OF PA.UL M. PELHA.M REAL ESTATE BUSINESS EXPERIENCE: Owner -Broker, Pelham North Realty, McCall, Idaho Licensed in 1972 Four years experience as licensed insurance broker (Binding authority $500, 000 per location. ) Six years experience in Central Idaho A.PPRA.ISAL EXPERIENCE: Fee Appraiser for five years, all types of property Fee Appraiser for: Idaho First National Bank, McCall Branch, McCall, Idaho Idaho First National Bank, Trust Department Various Loan Companies Williamson & Killen, Attorneys at Law' EDU CA.TION: Treasure Valley Community College, 1 year LaSalle Extenti.on University, Complete Real Estate Course, completed successfully March 1973 Course VIII, American Institute of Real Estate Appraiser AREA SERVED: Central Idaho A.5SUMPTIONS AND •LIMITING, CONDITIONS This appraisal is subject to the following limiting conditions; 1. The legal description furnished ''us ,is as.su'med to be correct. • 2. We assume no responsibility for matters legal in character, nor do we render any opinion as to title, which .is assumed to be marketable. All existing 'liens and •encurribrances have been disregarded and- the property is appraised as though free and clear and under responsible ownership and competent management. 3. We have made no survey of the property. .and assume no respon'sib.ilityy.in ; Connection with .such matters. 4. Unless otherwise noted-- herein, •it •is assumed that .there are no: encroachments, zoning violations or restrictions existing on the .subject property'. 5. Information, estimates and opinions contained in this report are obtained from sources considered reliable. However, no. liability for them can be assumed. by the appraiser. •- 6. We are not required to: give testimony or attendance in. court by reason. of this appraisal, with reference to the' property. in -�uestion unless arrangements • have been made previously therefor. 7. The division of the land • and imProvements value estimated herein is applicable only. under the program of utilization shown.. "These separate valuations' are invalidated 'by :any other application. PART II DESCRIPTION, ANALYSIS, AND CONCLUSION This •apprai-sal is 'made. to.• estimate .,fair•• market :Value of property -located. adjacent •to,.:or near the McCall Golf "C,ourse. •. This` .property 'is identified.• legally el.sewhere: in this report,• Market value_ is defined as .the- highest .price -estimated- in. 'terms of -"money- which a property. will :bring if ':exposed for -sale in -.the .open market, allowing a .reasonable .time to. -find a .purcha,ser,- with knowledge', of properties use," -'and capability. -for_ use.- ' . • This appra"isal•,•.is made as :of, January LEGAL DESCRIPTION The -property :under .appraisement .iS-legally..described ,:as;. Parcel- A. " ',,A. tract .of..land in the"'NE4 . NE4': of.,SectiOn'9 , T. '1.8N, , R:. 3'E,,' . BIM. , Valley "County, Idaho More particularly described:. as follows:.:' Commencing: at -the section corner 'common to Sections 3-, 4, 9;' -and10, T. 1,8N. ,.R.':3E. ; B..M: Valley '•County,." Idaho, thence'S. 0°01 r40"W,..,; along the section line common: tb 'Sections .9, and 10:;, 416, Q0 feet to point7,.thence, S. 89959'20'!W, , along" .a line -parallel' with 'the section: line common to ,s'aid Section' 4 arid-:,9,-. 25. 00.'feet to, the real point, of beginning; thence.: • continue S. 89°59'20"W, , 329. 00 ,feet to a steel pin; thence N, • .0°01140" E. , 169: 46 feet to,_• a steel' pin, , then. e� S, .. 62°45'' E,.,' '369. 97, feet •tb -the real point of beginning. Said fracrt'_of- land contains..0: 64• acres more,.or less ;subject to easement's of • record or in •use'.;' Parcel , B A.Ltract .9f land in -the '1VW4NW--4 of Section 10; T,_' 18N, R; 3E, , B:,,M , Valley County; Idahomore particularly described' -as follows; Commencing at the, s ectiori corner .common to Sections 3, 4, 9, and 10, T. 18N. , R. 3E, , B,:;IVI, , Valley County,,:,Id_ah'o, thence S. .0°.01,'40"W.. P, along'' . the section 'line common to said. Sectibri's - 9'. and -10;50: 00 'feet to the 'real point of beginning; thence" N. 89°5,9'201'.'E. , 179; 25 feet; to' "a steel pin;- thence N. 6° 26!3,0!'. W. ; . 22. 95 feet to a. steel pin; ',tli:ence S. 82938'' W. 178, 14 feet to the real point- of beginning.: Said tract ofl.land: contains" 0,. 047 acres more .or less , subject to easements, of record ,or in use. 4 LEGAL DESCRIPTION" conrt. Parcel C A.' tract of land in the ".NW4''NW4., of -Section 1.0 -and:,the •SW4SW,4 of Section .3, T. 18N. R. 3E B,'M, , Valley Comity; Idaho'more particularly. described as follows; Commencing at the section: corner -Common. to Sections 3, 4; .9, and .10, . T. 18N. , . R. 3E; , ': B. M. Valley 'County; Idaho, :thence :S, 0°01'40'r W. along the section line common to 'said Sections 9 and 10, 50, 00 feet to 'apoint; :thence N.82°38'"'E:, 255.-05 feet to the real point of beginning; thence S.•6°26'30" E., 32; 86 feet to *a' steel pin; :thence N. 89°59f20" E., 246. 71 feet to: a'- steel pin, thence' N,•339451' W:',. 162. 85 "feet to a steel pin;. -thence S. 57°16' W.., . 190:11' feet to the' real point 'Of beginning. Said tract' of land contains '0. 448 acres more or'' less 'subject to `easements' of record `or in use. REGIONAL AND -STATE DATA' - Idaho, one of the Northwestern states, is bounded on the West by Oregon and Washington, the South" b`y. Utah- and Nevada, the East by Montana and. the North by British Columbia. Idaho is rich in natural resources` and agriculture is the largest industry in'"the state. Lumber, ' mining,`, aiid tourism account fo'r the . major balance of 'iricorrie:: Idaho is a mountainousstate, with many river -valley systems that account for ''the `'Majority 'of the' agriculture production: Several Mountain 'ranges' traverse" "the state- in a North -South direction, and the"Northern part of the state .is. generally`rnountaino.us. This area''COntainS:'millions. Of acres Of. National forest land and is primarily Under a. •multi -use concept' of land Use :planning.'` .Idaho has' a generally 'Stable economy, and is not subject 'to ' erratic` econo'min conditions -of industrial estates. AREA: A.ND NEIGHBORHOOD DATA The subject property is loc Northwest corner of Valley Lake. The major industry production and recreation. the excellent facilities and Snake River Valley. ated in McCall, Idaho. McCall is located at the County and is built around .the South: end of Payette of the area is logging and lumber production, cattle ' The recreation industry is growing " rapidly due to climate and the increased population of Boise and the McCall has an economy based primarily upon tourism toward an increased tourist and recreational economic progress. The subject property is located adjacent to and in a neighborhood that is developing as seasonally occupied homes: Values in this equal to . or slightly ahead of the general area. and timber. A. trend base is presently in city owned recreational facilities., a mixed occupancy of permanent and area are generally appreciating .. ,., C .RA RELTION :AND O .CN.CLUSION The subject - of this ;appraisal is uriig:ue in many ways, "but eachfi?arc:el I. similar_ •to :the othe•r. in several`wa,ys Parcel A .is- of ;a-iisable area; . an acceptable ;location; :,but has a "difficult shape :and-1lacka access, .v!hich'‘`creates:.?a- best Aliein •asserribly'with .adjoining. l'apd: . •lie nature 'of all characteristics results;tin'a- va144.ti:6ff:,as: b'arei.laiid::with' development potential: Based „upon sales m the area of undevelgped nand, in my opanion', value of Parcel: A, :as-describ,e`l-is $3 200 00 s Parcel B as described is:;to small- ;for improvement, ':Packs;.access;:.,and is oor: shape Hithest'. val ie of-. Parc;el B �is realized::from sale fo,'r assembly,'= or for'-,•enhancerrient =of adjoining lots Iri H.Ti-Ifij7-,...o,'pin.ion .Par:cel. B . is valued i..t• ; $500. :Parcel: C :is of a size ,arid shape • . at would permit:.i1p-provement, location: and' lack of°:access c'or-npletely' remove. -..a developinent.,_or iise by an individual';' fn' rriy opinson;' highest value 1,s. realized ,in ,sale' TO assembly uwith i. i ining el ham orth eal fy BOX 1126 MCCALL, IDAHO 83638 PHONE 208-634-2208 CERTIFICATE OF APPRAISER I hereby certify that I have no interest, present or contemplated, in the subject property, and that neither the enployment to make the appraisal nor the compensation is contingent upon the value of the subject property. I certify that I have personally inspected the property and that according to my knowledge and belief, all statements and information in this report are true and correct, subject to the limiting conditions previously set forth. Paul M. Pelham Based upon the information in this report and upon my general experience in the appraisal business, it is my opinion that the market value of the subject property a§ of January 1, 1979 is: Six Thousand Four Hundred Dollars $6, 400. 00 "27 PART III ADDENDA " 7 a ' A PHOTOS OF SUBJECT PROPERTY 11 A." PARCEL "B" PARCEL "C"