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i <br />Registered Real Estate Broker <br />a] <br />Vero ls!rs Sold Office <br />RFALTOR 93 Royal Palm Blvd. <br />p, (/. Box 1506 <br />May 6, 1980 Phone (305) 562.4098 <br />{'eru Brorh. Vhmdo 32960 <br />Mr. George G. Collins, Attorney <br />Board Of County Commissioners <br />Indian River County, Florida 32960. <br />Dear Mr, Collins: <br />In accordance with your request, I have prepared an appraisal of <br />an unimproved tract of land contii 40 acres and <br />naslocated with <br />frontage on Oslo Road and being legally <br />All of Tract 9, less the Bast 15 acres thereof and the <br />West 10 acres of Tract 16 and the North 5 acres of the <br />East 8.48 acres of the West 18.48 acres of Tract 16, all <br />in Section 239 Township 33 South, Range 39 East, according <br />to the last general plat of lands of Indian River Farms <br />Company, as recorded in the office of the Clerk of the <br />Circuit Court, Ste Lucie County, Florida, and recorded in <br />plat Book 2, page 25, now being located in Indian River <br />County, Florida, less and excepting all right of ways for <br />Oslo Road and drainage canals. <br />The subject property is an unimproved wooded tract of -land with <br />some 400 feet of frontage on Oslo Road in about the 1800 Block <br />and extends one-half mile north to Rebel Road. The front 600 <br />feet is zoned C-1 Commercial with the remaining portion zoned <br />residential. <br />Based on a personal inspection of the subject land and review of <br />recent land sales in the area, it is my opinion that the subject <br />40 acres warrant a fair market value of $5,000 per acre for a <br />total value of: <br />3 <br />L_ " <br />TWO HUNDRED THOUSAND DOLLARS ($200,000.00) <br />Respectfully submitted, <br />Floyd Wilkes <br />EpX r=:.xP�i 77 <br />sf <br />