Preliminary Residential Form

LAND ECONOMIC STUDIES (RESIDENTIAL)

LAND ECONOMIC STUDY NO.______

This is a study of a sale of ______that was apparently (benefited or damaged) by ______.

BEFORE TAKING DATA:

The subject property is located in ______County, ______miles ______, a ______with a population of______.

The property fronted and had access to ______. The property consisted of ______. The house was located ______feet from the existing right of way line. The buildings were in ______condition. The primary use of the land was ______. The area was zoned______. Travel distance to ______was ______.

TAKING DATA:

In the acquisition of land for ______controlled access highway, ______the state acquired ______strip of land from ______of the property consisting of ______.

AFTER TAKING DATA:

After the taking the property______.

The house is now located ______feet from the new right-of-way line. The new highway is ______grade level ______the property, and is ______visible. Travel distance to the center of town is _____mile(s). The area is zoned ______.

of 2 LA 397A Template (Rev. 04/11) (Replaces LA 2057A Template) SETTLEMENT DATA: Successful negotiations were carried out with the owner based on the following appraisal:

BEFORE VALUE ______sq.ft.______at______per sq.ft. $______

Improvements $______

Total Before Value $______

RIGHT OF WAY ACQUIRED ______sq.ft.______at______per sq.ft. $______

Amount Paid for Part Taken $______

VALUE OF REMAINDER BEFORE TAKING ______sq.ft.______at______per sq.ft. $______

Total Value of Remainder Before Taking $______

SUBSEQUENT SALE DATA: ______after settlement with the state and ______the highway construction was complete, the owner sold ______.

SALE: VERIFIED BY ______sq.ft.______at______per sq.ft. $______

Total Sales Price $______

Value of Remainder Before Taking ______$______

Time adjustment (______to______) %$______

Total Adjusted Value of Remainder $______

Difference $______

CONCLUSION:

The subsequent sale indicates that the property had apparently increased decreased in value by ______%.

Time Adjustment obtained from ______

of 2 LA 397A Template (Rev. 04/11) (Replaces LA 2057A Template)