2023-01-08 Sudbeck Melvin & Rebecca-AppraisalAPPRAISAL REPORT
FOR
CITY OF
BLAIR, NEBRASKA
RE:
HOLLOW ROAD PROJECT
MELVIN SUDBECK
TAX LOT 115, HOLLOW ROAD
BLAIR, NEBRASKA
RUSS NELSEN
NELSEN APPRAISAL SERVICES, INC
710 South 19"' Street
Blair, NE 68008
SUMMARY OF SALIENT FACTS
Property
Size
Location
Date of Appraisal
Property Rights
Improvements
Estimate of Value of Taking
TAX LOT 115
Total Lot Size — 7.5 Acres (326,700 SF)
Taking — .08 Acres (3,485 SF)
Hollow Road, Blair, Nebraska
Januaiy 8, 2023
Fee Simple
None
$2,788
1 I Page
EFFECTIVE DATE OF THE APPRAISAL
The effective date of this appraisal is January 8, 2023.
DATE OF INSPECTION
The date of inspection is January 8, 2023.
PURPOSE OF APPRAISAL
The purpose of this appraisal is to establish an accurate and defensible market value of the part
being taken. This estimate will be of fee simple title of the subject property. This appraisal is of the
part taken only. Per client instruction, an appraisal of the entire property was not made.
PROPERTY RIGHTS APPRAISED
The property rights appraised are the fee simple title to the land and improvements which
comprise the subject property.
DEFINITION OF FEE SIMPLE
An absolute fee; a fee without limitations to any particular class of heirs or restrictions, but
subject to the limitations of eminent domain, escheat, police power, and taxation. An inheritable
estate.
Source: Byrl N. Boyce, Real Estate Appraisal Termhnoloy - Revised Edition (Ballinger Publishing
Company, Cambridge, Massachusetts, First Printing 1981), p. 102.
2 1 Page
The foregoing comparable sales range in size from a low of 38,346 SF to a high of 532,739
SF with an arithmetic average of 235,881 SF.
They also range in price per square foot from a low of $.41/SF to a high of $2.07/SF with an
arithmetic average of $1.35/SF.
Placing most weight on comparable sale #8, as it was a recent sale of the subject and has a
called value of $.80/SF.
Value of Subject Taking; 3,485 SF @ $.80/SF = $2,788
Value Called $2,788
Damage to remainder called = $0
Total Value of Taking = $2,788
Russ Nelsen,
Certified Appraiser
Nelsen Appraisal Services, Inc.
4 1 Page
ADDENDUM
12/7/2022
Parcel 1D:
890040810
Map N_, umber
890040810
State Geo Code
2371-14-0-02371-000-0810
Cadastral #
TL115
Photo #1 Photo 2
Imaaes
Current Owner:
SUDBECK, MELVIN
16255 WOODLAND DR
OMAHA, NE 68136
Situs Address:
VACANT
Tax District:
208
School District:
BLAIR SCHOOL 1, 89-0001
Account Type:
Residential
14 18 11 BC TL 115 14-18-11 114 PC 115
Legal Description:
Lot Width:
N/A
Lot Depth:
N/A
Total Lot Size:
7.50 acres
Year Total Land
2022 $73,910 $73,910
2021 $55,435 $55,435
L— Yearly Tax Information
IYear AM0unt Levy
2022 $1,363.10 1.950857
Dwelling
$0 $0
$0 $0
Description
Rate
CO HIST-SOCIETY
0.00279100
JAIL BOND FUND
0.01780300
0.33748300
BLAIR CITY
0.01500000
ESU 3
METRO TECH
0.09500000
BLAIR SCHOOL 1
0.99000000
NRD
0.03475800
COUNTY GENERAL
0.33479100
COUNTY AG
0.00355400
BLAIR SCHOOL 1 BOND
0.08759100
BLAIR AIRPORT
0.02858800
PUBLIC SAFETY COMMUN
0,00349800
1 890040810
12/7/2022
Sale Date Sale Price Book & Page Grantor Parcel Ids
02/01/2022 $390,000.00 2022 / 371 JM COLD, LLC 890057834
890040810
890057827
Status: Unimproved
Property Class: Residential
onin N/A
Lot Width (ftl
M we
Zonin :
N/A
Year Built:
0
Exterior:
N/A
Bedrooms:
0
Plumbina Fixtures:
0
Basement Size:
0 sq. ft
Building Size:
0 sq. ft
Location: Urban
City iz 5,001-12,000
Lot Siz 5,00-9.99 ac.
)e th ft Description Lot Size
0.00 7.5000 ACRE(S) 7.50 acres
u lit
Condition: `
N/A
Style..:
N/A
Bathrooms:
0.00
Heating/Cooling:
Min Finish:
0 sq. ft
Part Finish:
0 sq. ft
2 890040810
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20221206143347287.pdf
TAX LOT
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TAX LOT 115 ROW AQJISITION
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V PINCH TOP PIPF.
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TA I'O I EAST LINE OF TAX LOT 10
1 I S AND EAST LINE OF NE1/4, TAX LOT
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5/8" RFBAR W/1-1/4" YPC
"SURVEY MARKER 1.8 760" SOUTH LINE OF TAX LOT 116 AND
SW COR, NEI/4, SW 1/4 SOUTH LINE OF NEI/4, SWIM, SEC, 14.18.11
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LEGAL DESCRIPTION:
THE SOUTH 33,00 FEET OF 1'AX LOT 116, LOCATED IN THF.
NORTHEAST QUARTER OF THE SOUTHWEST QUARTER Or
SECTION 14 TOWNSHIP 10 NORTH, RANGE 11 EAST, OF THE
OTH PRINCIPAL MERIDIAN, WASHINGTON COUNTY, NFBRASKA.
CONTAINING 0.00 ACRES, MORE OR LESS,
14 of 14 12/6/2022, 3:00 P,
TL 115