Laserfiche WebLink
N ,. <br /> Valbr� <br /> r ` LOWELL FARMLAND <br /> . <br /> d e <br /> PROPERTY ADVISORS <br /> Puget Sound <br /> Agriculture land values in the Puget Sound region have been rising steadily since 2011, at an average <br /> of more than 10% per year. There is strong demand for smaller "hobby farms" as well as land for <br /> larger commercial crop operations. Blueberry growers from Canada have been purchasing <br /> agriculture land in Whatcom, Skagit and Snohomish counties based on productive soils, close-in <br /> location and access to major freeways,which has been driving values in the region. <br /> This appraisal estimates market value of the fee simple interest of the subject property. As agreed, <br /> this is a Restricted Appraisal Report, intended to comply with the reporting requirements of the Code <br /> of Ethics and Standards of Professional Appraisal Practice, which include Uniform Standards of <br /> Professional Appraisal Practice (USPAP) of the Appraisal Institute. The value conclusions herein are <br /> given subject to the specific assumptions and limiting conditions stated following this transmittal <br /> letter, as well as others identified in the report. <br /> Based on our investigation and analysis of all relevant data, it is our opinion that the market value of <br /> the subject property as of July 30, 2018, is: <br /> ONE MILLION THREE HUNDRED SEVENTY THOUSAND DOLLARS <br /> ($1,370,000) <br /> p <br /> If you have further questions not answered in the accompanying report, please do not hesitate to <br /> call. <br /> Respectfully submitted, <br /> VALBRIDGE-PROPERTY ADVISORS I PUGET SOUND <br /> Atie V.` <br /> Robert J. Macaulay, MAI Ashley K. Zacharia, Associate Appraiser <br /> WA State Certified-General Appraiser No.1100517 WA State Certified-General Appraiser No. 1102461 <br /> I <br /> I <br /> I <br /> Va <br /> lbridge Property Advisors 1 Puget Sound <br /> 18-0198 Lowell Farmland.docx-—Copyright©2018 <br />