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2023-01-08 Nietfeld Tim & Konda-Appraisal-Tax Lot 242APPRAISAL REPORT CITY OF BLAIR, NEBRASKA RE: HOLLOW ROAD PROJECT TIM & KONDA NIETFELD TAX LOT 242, HOLLOW ROAD BLAIR, NEBRASKA RUSS NELSEN NELSEN APPRAISAL SERVICES, INC 710 South 19`I' Street Blair, NE 68008 SUMMARY OF SALIENT FACTS Property TAX LOT 242 Size Total Lot Size — 4.39 Acres (191,228 SF) Taking - .11 Acres or 4,792 SF Location Hollow Road, Blair, Nebraska —Not site address Date of Appraisal January 8, 2023 Property Rights Fee Simple Improvements Old Outbuilding Estimate of Value of Taking $4,313 1 1 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 supple 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 Terminology - Revised Edition (Ballinger Publishing Company, Cambridge, Massachusetts, First Printing 1981), p. 102. 2 1 Page IMPROVEMENTS The lot that includes a partial taking includes an older outbuilding. LEVEL OF INSPECTION This appraiser inspected the subject lot and the comparable sales. No inspection was made of the improvements on the lot. I met with the lot owner on January 8, 2023. It is unknown if any trees are to be removed. If that is the case, the owners to be compensated per value of the trees. SUBJECT LOT The subject has a total of 4.39 Acres or 191,228 SF. The lot slopes to the street. PROPOSED TAKING The proposed taping includes 33' wide strip of land adjacent to the north side of Hollow Road and contains .11 Acres or 4,792 SF. ESTIMATED VALUE OF TAKING The following sales taken from the master report are used to establish the estunated value of the taking. Sale #2 Size 24,887 SF Price/SF $3.21/SF Sale #4 Size 14,736 SF Price/SF $3.06/SF Sale #5 Size 38,346 SF Price/SF $2.00/SF Sale #6 Size 45,738 SF Price/SF $2.07/SF 3 1 Page The foregoing comparable sales range in size from a low of 14,736 SF to a high of 45,738 SF with an aritlunetic average of 30,927 SF. They also range in price per square foot from a low of $2.00/SF to a high of $3.21/SF with an arithmetic average of $2.39/SF. Placing most weight on the comparable sales 5 and 6, and adjusting for total lot size, the subject has a called value of $.90/SF. Value of Subject Taking; 4,792 SF @ $.90/SF = $4,313 Value Called $4,313 Damage to remainder called = $0 Total Value of Taking = $4,313 Russ Nelsen, Certified Appraiser Nelsen Appraisal Services, Inc. Page 12/7/2022 Parcel ID: 890086611 Map Number 890086611 State Geo Code ' 2371-14-0-02371-000-6611 Cadastral # TL242 P oto #1 Photo #2 Images Current Owner: NIETFELD, TIMOTHY J & KONDA K CO -TRUSTEES 2350 HOLLOW RD BLAIR, NE 68008 Situs Address: OUTBUILDING ONLY Tax District: 208 School District: ` BLAIR SCHOOL 1, 89-0001 Account Type: Residential Legal Description: 14 18 11 BC TL 242 14-18-11 114 PC 57 4.39 AC Lot Width: N/A Lot Depth: N/A Total Lot Size: 4.39 acres Year TotalLand Outbuildina Dwellina 2022 $58,980 $57,425 $1,555 $0 2021 $58,980 $57,425 $1,555 $0 Yearly Tax Information Year Amount L vy 2022 $1,087.74 1.950857 No previous sales information is available (for the past 5 years). Description Rate CO HIST SOCIETY 0.00279100 JAIL BOND FUND 0.01780300 BLAIR CITY 0.33748300 ESU 3 0,01500000 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 890086611 12/7/2022 Status: Improved Location: Urban Property Class: Residential City Size: 5,001-12,000 Zoning: N/A Lot Size: 5.00-9.99 ac. Land Information Lot Width (ft) Lot Depth (ftl Description Lot Size 0.00 0.00 4,39 acres Zonna: N/A Year Built: 0 Exterior: N/A Bedrooms: 0 Plumbing Fixtures: 0 Basement Size: 0 sq. ft Building Size: 0 sq. ft Zoning: N/A Year Built: 0 Exterior: N/A Bedrooms: 0 Plumbing Fixtures: 0 Basement Size: 0 sq. ft Building Size: 0 sq. ft Quality: Condition: N/A Style: N/A Bathrooms: 0.00 Heating/Co Min Finish: 0 sq. ft Part Finish: 0 sq, ft Quality: Condition: N/A Style.: N/A Bathrooms: 0.00 Heating/Cooling; Min Finish: 0 sq. ft Part Finish: 0 sq. ft 2 12/7/2022 C) o (D I-,- 00 > > CL (n �i 0 (D Pn �T _0 0 (D (n 0 0 cri 0 -0 0 C) 0 Qp C) ow 0 N) CD "0 0 EJCD 3 Q w m C) J D N NO N I V3 Fib 0 i ii� Ql i co 01 (i, Cl) US E i ctr k :(I ty � n f t� ... x; DTI VI en t l co 4 t L1 j t rJ 1 Lf i) _1 t it i 0 n J- C .s n hJ ID nJ r f=� o �n rri ul a, I C oa I cl ii l cl _l A t}i u� Fly to fiat ) 10 f 20221206143347287.pdf imap://russ%40nebrealty%2Ecom@outlook.office3 u— TAX LOT 242 ROW AQUISITION n� RMOTHY J & KONDA K METUELD 616" REBAR U N o O 0 6/8" REBAR S18" REBAR W/1.1/4" YPC "SURVEY MARKER LS 760" SW COR, NEIM SW1/4 SEC, 14-T18N-Ri 1E TAX LOT 242 S09°33'28"E 618" REBAR --\ N89°33'28`W 140,08'(M)139.80'(R) SOUTH LINE OF TAX LOT 242 AND SOUTH LINE OF NE1/4 SW114 SEC, 14.18-11 VICINITY SKETCH WASHINOTON COUNTY NBBItASKA RIM LEOENb MONUM 19f POUND 1,110NIUMUNt NUT mvPi Im"I CALCULATUOV019F AI EIRANU01UU1sTANCU _ It IMCORU0I5TANCU GRAPHIC SCALE SWI/41SEC14 ®ACQIJISITIDNARIIA In ai JM1I1l1 F41/1 NOTE: ALL DBARINOS ARE ASSUMED. In/z712Uz1r SCALY. M' 0RA1V11 T8h JOD W. 201597 nVI.D 11009 BEAM 09 .. LEGAL DESCRIPTION: 1/2" REBAR SECOR. NEl/4 SWIM SEC.14-T18N-RILE THE SOUTH 33.00 FEET OF TAX LOT 242, LOCATED IN THE NORTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 14 TOWNSHIP 18 NORTH, RANGE 11 EAST, OF THE 6TH PRINCIPAL MERIDIAN, WASHINGTON COUNTY, NEBRASKA, CONTAINING 0.11 ACRES, MORE OR LESS. P.�SwveyF9V01E97.00 • a, of NO I10-7lo1d IIOV70 9uNey101n1lni1%9V401697.00 on IW27R0703 W PAL 7 of 14 12/6/2022, 3:00 PM TL 242