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Appendix B presents the 2004 vacant land sales in West IRC , used to determine the land
<br /> replacement value for five program areas . West IRC is defined as the area between 58th Avenue
<br /> and County Road 512 . Because the County is more likely to build future facilities in this area,
<br /> sales in West County are utilized to determine land cost per acre . Sales of four- to six- acre lots are
<br /> used in the calculation of library, public buildings , and emergency services impact fees . Sales of
<br /> 40 - to 130 -acre parcels are used in the calculation of public education and parks and recreation
<br /> facilities impact fees .
<br /> Table B - 1
<br /> 4- to 6 -Acre Lot Sales in West IRC ( 2004) 1 ' 1
<br /> Parcel Id ` Sale Price Sale Date Street Address city Zip Code Total Acres Cost Per Acre
<br /> 31370000001145100006.0 $54, 800 01 -Feb-04 97th Street FELLSMERE 32948 5 . 70 $91614
<br /> 30380000001030000010. 0 $50,000 01 -A r-04 Dale Avenue SEBASTIAN 32958 5 .00 $ 10,000
<br /> 32392900002004000002. 1 $751000 01 -Mar-04 5965 41st Street VERO BEACH 32967 4 . 86 $ 15 ,432
<br /> 30382100001000000011 . 1 $ 135 ,000 01 -Jun-04 135th Street SEBASTIAN 32958 4. 83 $27,950
<br /> 32391000000700000030.0 $ 1901000 01 -Jun-04 2855 63rd Street VERO BEACH 32967 4. 75 $40,000
<br /> 31393200000300000014. 0 $250,000
<br /> 01 -Oct-04181st Street VERO BEACH 32967 5 . 00 $50,000
<br /> 32392900002022000001 . 0 $250,000 37th Street VERO BEACH 32966 4. 18 $ 59, 809
<br /> 32391000000100000024. 0 $2751000 US Highway I VERO BEACH 32967 4. 07 $67,568
<br /> 31392800004001000001 . 0 $4185000 5560 85th Street SEBASTIAN 32958 4 . 72 $88,559
<br /> 32390300000500000001 . 1 $535 ,000 01 -Aug-04 7255 US Highway 1 VERO BEACH 32967 5 . 76 $92, 882
<br /> 32390300000500000002. 0 $555, 000 7155 US Highway I VERO BEACH 32967 5 . 55 $ 100,000
<br /> 32390900001020000001 . 1 $510,000 01 -Oct-04 5590 65th Street VERO BEACH 32967 4. 63 $ 110, 151
<br /> 32391000000700000022. 0 $760,000 01 -May-04, 6255 US Highway I VERO BEACH 32967 5 . 12 $ 148,438
<br /> 33380300001008000003 . 0 $690,000 01 -Jun-04 20th Street VERO BEACH 32966 4. 45 $ 155 ,056
<br /> 30382100001000000011 . 3 $850,000 01 -May-04 13361 US Highway 1 SEBASTIAN 32958 4. 65 $ 182, 796
<br /> 33380100001010000003 . 2 $ 1 ,020,000 01 -Oct-04 78th Avenue VERO BEACH 32966 5 . 08 $200, 787
<br /> 30382500000002000003 . 3 51 ,250,000 01 -Aug-0 1370OUSHighway I SEBASTIAN 32958 5 . 00 $250,000
<br /> 30382500000005000005 .0 $ 1 ,075,000 01 -Jun-04 13575 Old Dixie Hi hwa SEBASTIAN 32958 4, 04F'
<br /> . 04 $266,089
<br /> Total $8,942, 800 1 1 87. 39
<br /> [Weighted Average Cost Per Acre $102,332
<br /> ( 1 ) Source : Property Appraiser, IRC
<br /> Table B -2
<br /> 40 - to 130 -Acre Lot Sales in West IRC ( 2004) 11
<br /> Parcel Id Sale Price Sale Date Street Address Ci Zi Code Total Acres Cost Per Acre
<br /> 32392000001001000001 .0''1 01 -Se -04 53rd Street VERO BEACH 32967
<br /> 32392000001001000001 . 11'1 01 -Se -04 53th Street VERO BEACH 32967 128 41 $71 ,334
<br /> $9, 160,000
<br /> 3239200000100200000L01'1 01 -Se -04 53th Street VERO BEACH 32967
<br /> 32392000001002000002. 0(-') 01 -Se -04 53th Street VERO BEACH 32967
<br /> 33392300001001000001 .01�'�1 01 -Oct-04 20th Avenue SW VERO BEACH 32962
<br /> 1, �1 $ 1 ,038, 100 51 . 74 $20,064
<br /> 33392300001007000002. 0 -' 01 -Oct-0420th Avenue SW VERO BEACH 32962
<br /> 31382600000300000005 .01�1 01 -Nov-04 CR 510 VERO BEACH 32967
<br /> $737,900 62. 84 $ 11 ,743
<br /> 31382600000300000004.021 01 -Nov-04 CR 510 VERO BEACH 32967
<br /> 32391600000300000001 . 8 $5 ,940,000 01 -Oct-04 Bent Pine Drive VERO BEACH 32967 79. 2 $75,000
<br /> 32391400000500000004 . 3 $700,000 01 -Jul-04 53rd Street VERO BEACH 32966 78 . 63 $8,902
<br /> 31382200000100000002. 2 $880,000 01 -Jun-0495th Street SEBASTIAN 32958 46. 04 $ 19, 114
<br /> 31393000000300000002.0 $ 1 ,440,000 01 -May-04 70th Avenue SEBASTIAN 32958 80 $ 18,000
<br /> 33393300002001000001 .0 $ 1 ,225,40001 -Apr-04 43rd Avenue SW VERO BEACH 32968 59. 88 $20,464
<br /> 32391700001001000001 .0 $285,000 01 -Jan-04 5975 61st Street VERO BEACH 32967 40.36 $7,061
<br /> Total $21 ,406,4001 1 627 . 10
<br /> Weighted Average Cost Per Acre $34,136
<br /> ( 1 ) Source : Property Appraiser, IRC
<br /> ( 2 ) Multi- parcel sales
<br /> ( 3 ) Although this parcel is not located within West IRC , County representatives indicated that it is an
<br /> example of the type of property the County would consider purchasing in the future for its
<br /> facilities . As such, it is included in the calculations .
<br /> Tindale -Oliver & Associates , Inc . Indian River County
<br /> May 2005 B - 1 Impact Fee Study
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