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Indian River County 1 Impact Fee Update Study <br />County purchased land for Station 13 in 2010 at a cost of $121,000 per acre. This <br />information along with relevant vacant land value and sales information are summarized in <br />Table F-8. <br />Table F-8 <br />Variable(1) <br />Value of Current Parcels <br />Year <br />2013 <br />Average Land <br />Value per Acre <br />$101,802 <br />Cost of Recent Land Purchases(�) <br />2010 <br />$120,517 <br />Value of Vacant Land: <br />West IRC - Residential <br />- 4 to 6 acres <br />2013 <br />$12,855 <br />- 6 to 15 acres <br />2013 <br />$18,105 <br />West IRC - All Land Uses <br />- 4 to 6 acres <br />2013 <br />$15,727 <br />- 6 to 15 acres <br />2013 <br />$24,376 <br />Countywide - Residential <br />- 4 to 6 acres <br />2013 <br />$21,884 <br />- 6 to 15 acres <br />2013 <br />$24,620 <br />Countywide - All Land Uses <br />- 4 to 6 acres <br />2013 <br />$26,741 <br />- 6 to 15 acres <br />2013 <br />$32,543 <br />Vacant Land Sales: <br />West IRC- Residential <br />- 4 to 6 acres <br />2010-2012 <br />$43,238 <br />- 6 to 15 acres <br />2010-2012 <br />$59,271 <br />West IRC - All Land Uses <br />- 4 to 6 acres <br />2010-2012 <br />$51,252 <br />- 6 to 15 acres <br />2010-2012 <br />$56,403 <br />Countywide - Residential <br />- 4 to 6 acres <br />2010-2012 <br />$42,109 <br />- 6 to 15 acres <br />2010-2012 <br />$61,063 <br />Countywide - All Land Uses <br />- 4 to 6 acres <br />2010-2012 <br />$49,868 <br />- 6 to 15 acres <br />2010-2012 <br />$63,042 <br />Used in the Study <br />2013 <br />$60,000 <br />(1) Source: Indian River County Property Appraiser Database <br />(2) Source: Indian River County; Represents land purchase for Station 13, made in 2010. <br />Tindale -Oliver & Associates, Inc. <br />June 2014 <br />Indian River County <br />F-12 Impact Fee Update Study <br />1r <br />