<p> LAND ECONOMIC STUDIES (RESIDENTIAL)</p><p>LAND ECONOMIC STUDY NO.______</p><p>This is a study of a sale of ______that was apparently (benefited or damaged) by ______.</p><p>BEFORE TAKING DATA:</p><p>The subject property is located in ______County, ______miles ______, a ______with a population of______.</p><p>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 ______.</p><p>TAKING DATA:</p><p>In the acquisition of land for ______controlled access highway, ______the state acquired ______strip of land from ______of the property consisting of ______.</p><p>AFTER TAKING DATA:</p><p>After the taking the property______.</p><p>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 ______.</p><p>Page 1 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:</p><p>BEFORE VALUE ______sq.ft.______at______per sq.ft. $______</p><p>Improvements $______</p><p>Total Before Value $______</p><p>RIGHT OF WAY ACQUIRED ______sq.ft.______at______per sq.ft. $______</p><p>Improvements $______</p><p>Amount Paid for Part Taken $______</p><p>VALUE OF REMAINDER BEFORE TAKING ______sq.ft.______at______per sq.ft. $______</p><p>Improvements $______</p><p>Total Value of Remainder Before Taking $______</p><p>SUBSEQUENT SALE DATA: ______after settlement with the state and ______the highway construction was complete, the owner sold ______.</p><p>SALE: VERIFIED BY ______sq.ft.______at______per sq.ft. $______</p><p>Improvements $______</p><p>Total Sales Price $______</p><p>Value of Remainder Before Taking ______$______</p><p>Improvements $______</p><p>Time adjustment (______to______) %$______</p><p>Total Adjusted Value of Remainder $______</p><p>Difference $______</p><p>CONCLUSION:</p><p>The subsequent sale indicates that the property had apparently increased decreased in value by ______%.</p><p>Time Adjustment obtained from ______</p><p>Page 2 of 2 LA 397A Template (Rev. 04/11) (Replaces LA 2057A Template)</p>