Fort Walton Beach Council agenda — 01-24-12 regular — reading text

n SUBJECT PROPERTY. I gal DI," Ptinu _ N Bayou Woods Lou I m 7 indusrve, Block C. Section 11, 1 ownship 2 Soudt. Range 14 West. Okaloos. County. Florida. n v Plowa nl location of Sableer property• 7 - SFR I ou, Bayou Woods Subdivision, Fort Walton Beach, Okeloosa Colors Florida. 0 Rs11) N= II - 7S ? 4- 0140 -0003 -0010 300 PD RPOSE OF TH E APPRAISAL: The purpose of theappraisalanalysis wus to develop an opinion of the market cahie mT0 ry of Ilesibject propeny, °as is." as of September 5, 2011. The mai ofthe appraisal w ill be for int mat financial de` sions. No other eN I NT FN DISD USE OF REPORT: use of this repair by any oth r cn a, or polar is wth ri, d. c IN FENDED I SER: The intended user is the diem stated aboo card rcgulatary audlorilies. This report E is not intended or authorized for any Inner user or audrsnce. V z PROPFRIJ RIGHTS APPRAISED: Fee simple inrrcv in the subject property. September 1011. EFFF.( I IN E DA I OF A' AIA F.: September 12, 2011. DATE OF REPOR' p; DATI OI INSPECTION: Hillary Dri_ cell -Olds and W alter H. Humphrey inspecmd the pn II n I' ll M:^ '. 01 I for a previous assignment on the subject propen} as pan of the parent Ir n. DE] ' IN[ I IONS: The following definitions are provided to Pssisl the reader in undcrsmidin_e this appraisal report, Packet Pg. 145  14.4.b Pv_ 15 7, Bu ou Woods Drive N W, PO C0738ZJ 11 & AN °IIUI69 al an y Ion W olton Deach. 11 32547 DESCRIPTION OF REAL ESTA "I E APPRAISED Deseriptimt: General Assemblageo( seven single family residential lot, in aplatted subdivision totaling 1, 87s- acresofvacanl land. akvnT0` U N3a N O Dcscriptinm IAearlou Hie subject property is located in Bayou Woods Subdivision in the south portion of the Okuloosa County. ladle within the port Walton Beach jurisdictional limson Dnyou Woods Drve, just south of BcoP nonit. Beal Parkway lulls roughly east -west near the subject and could be described Isacommcoual corridor ON that terminates at U. S. Highway 98 to the south, a tour, lane divided highway- Bayou Woods Drive is a too lane, paved residential street Sent Street NW connects Bayou Wood Drive to Memorial Boulevard to the nest. 3 a nro la t paved residential rudiceror strcct Beal Pork" ay supports a rik oIt office, nsnlu w t d. " In 0 industrial arid retail uses ihrt have been developed over the post thirty years and serves the need > I the local ry population. Theresidrntialcomponentofthene Iiborhoodconsistsofprvnarilyoldersin gledetachedsinllle- m 13mily houses- The net ghbodtood is well esmbiishcd with little vacant laud available for new devclopmcar A high volr me of coma tertnffc move- throwh rhea ao adnily b. cos afn Rrd Part. v. Tl salient VN ischools, s cenuallychurches, located and in theother Ponnecessary Walton Beach market area and close to plothe at 11 el 1 t nv ris well neighborhood functions. therefore, va pe positioned to capitalize on the residential needs of local population_ A neighborood map is shown below. rmE r z Awl / M VWd 4^ rv .. 9 Z. rl IA 1 p k FlnancWS ` C EI Rvhlp-' 6 ea "', x Y+ I' E 5 a O F Fcotl 65mck e 17, G C7 an, an F."', . Y r$ Y 4 FmI,elaw # n 0 P, FVmngs R t 0n sa.+ 1 anew R rt - s K; mr - r5 MStva Q $ pttwlV ' r. t rro. e. F.F. raan" a DeLonme Mapping Packet Pg. 146  F14 4. .b P. 16 7 - SFIL Lots, Bayou Woods Once NW, PO ,10] 2X23 H K A N' I I0I G9 Port Walton Beach. FL 32547 Ownership: The property owner, according to recorded warranty deed in Maloom Coanry Official Record, is City of Fon Walton Beach P. O. Boor 4009 Fort Walton Beach, Florida 32549 Siatfshape: lioughly rectmgular. Lceess Land: Ntnc, Sailr. The soil appear to be cicssifed as Urban Land that is nearly level to gently sloping covered tri:b airpone- shopping centers parking lots, large buildings. streets or sidewalks. The natural soil generally cannot be observed- Slopes range brain 0 to 5 percent Uncorerd areas. mostly lions, parks vacant Ins and playgrounds. consist of Borifoy, Fozworth Kureb, Lakeland and I, oap sml Th. ant., alt : malltobe capped separately. Onsite irmesHgation is neaded to determine the s, itandit, rjureas r / thus map ." djor a n parti' ah" parpase according to the S ...I So, rod Okaloosa Count G I S soil maps indical c that there are a` no wedand5 on the subject parcel. Tnp. p. phy: 111c acreage is generally level and near road grade, sloping down tosards the northwest corner where a lift uin sa" m... tatilio, is located, ina Utilities: N Pra. ider tt tility Provider utility