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r <br />APR S 1990 <br />RECE T LOT SALES IN AMBERSAND SUBDIVISION. <br />(1) <br />Lot 11, Plat 2 <br />592-673 <br />$60,000, <br />7/23/79 <br />(2 ) <br />Lot 520 Plat 1 <br />598-345 <br />$50,000 <br />1/28/80 <br />(3 ) <br />Lots 50 and 51, <br />Plat 1 <br />596-835 <br />$100,000 <br />12/4/79 <br />(4) <br />Lots 8 and 9. Plat 1 <br />589E-1870 <br />$95,000 <br />8/10/79 <br />(5) <br />Lot 6, Plat 2 <br />581-880 <br />$55,000 <br />3/2/79 <br />(6 ) <br />Lots 13 and 14, <br />Plat 1 <br />572-1380 <br />$825,500 <br />7/24/78 <br />(7) <br />Lot 25, Plat 1 <br />578-1165 <br />$39,500 <br />12/8/78 <br />(8 ) <br />Lot 28, Plat 1 <br />575-1988 <br />$35,000 <br />10/3/78 <br />(9) <br />Lot 20, Plat 2 <br />568-1142 <br />$39,500 <br />5/3/78 <br />(10 ) <br />Lot 3, Unit 2 <br />565-1553 <br />$37,500 <br />4/11/78 <br />600K 43 eAGE 175 <br />It appears lot values are improving with 1979 sales considerable <br />above the 1978 sales. <br />The only sale that indicated any market data for the river portion <br />of the subject lots were <br />(A) Lot 3, Plat 1 <br />408947 $19 , 000 10/5,!72 <br />(B) West of A -1-A portion of Lot 3, Plat <br />425-927 $7,500 1/5/73 <br />After a careful. stddy of the recent lot sales in Ambersand Reach <br />and keeping in mind that although most of the lots have only a <br />narrow strip bete ai A -1-A Highway and the river, they do have <br />access to the river and could possibly construct a dock out to <br />deeper waters it -was -my conclusion that the oceanfront portion <br />of the subject lots warrant a value of $100y 000.00. <br />With knowledge of sales and offering of riverfront lots on the <br />Indian River between ttiabasso and Sebastian and in the Roseland <br />area, it is my opinion that the riverfront portion of the subject <br />lots which has been partially cleared warrants a value of $40,000.00. <br />Lots in the near vicinity of the subject park are not as desirable <br />for homesites as other locations in the subdivision. If you note <br />Lots 8 and 9. Plat 1, which is shown as Sale (4) adjoins the subject <br />lots and sold 8/10/79 for $95,000® Since these lots have useable <br />depth to the river portion, this sale was considerably under other <br />location sales. <br />It is my opinion that due to the undesirable influence of the <br />unattended park, the ocean section of Lot 8 and 9, warrant a value <br />of $65,000 and the portion between A -1-A Highway and the river <br />while not having the depth of the subject does appear to have maple <br />depth for a homesite on the river and was valued at $35,000.00. <br />- ® M <br />