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adjustments applied this way.The PET had additional trivial adjustments for elevator,summer kitchen, <br /> seawall that were not fully supported. <br /> The PAO utilized the averages from the adjusted value of the comparables.The PET provided a weighted <br /> average based on adjustment percentages.The PET placed most weight on the least comparable <br /> riverfront property. <br /> The SM calculated the PAO 4 sales as shown in their grid which returned a value of$11,607,050 after <br /> the cos. The same 4 sales with the PET values for the shared sales with the location adjustment <br /> removed from 8150 Hwy A1A and the location adjustment added to 910 Reef Rd provide an average <br /> value of$11,102,460. <br /> The subject sale with the 15%cos applied is$11,050,000. The subject sale by itself indicates a revision is <br /> warranted. <br /> The subject value prior to the hearing of$11,126,326 is higher than the best data shows indicating a <br /> revision is warranted. <br /> In conclusion,it is the magistrate's opinion that the PAO&PET sales provided sufficient credible data to <br /> determine a supported Just value for the subject. Factoring all the evidence provided,$11,050,000 is a <br /> supported Just Value for the subject. The PET request for a value revision is approved based on the <br /> evidence presented. <br /> - 78 <br />