I was advised by someone that Mr. Carter had recently alleged that the former Williams Brothers building (which was purchased to serve as the new police station) had been "way overpriced."
This is not the first time I've heard that allegation from the Peoples Party hierarchy.
I get the impression that Mr. Carter thinks it might still be 1981, when it comes to building "pricing." However, the facts are these:
The building was appraised at $510,000.00 by the appraiser we hired.
The building was purchased for $495,000.00. My Radio Shack calculator says that's $15,000.00 BELOW the appraised value.
The building is 5,000 SF. This comes out to just below $100/SF. This is certainly in line for the appraisal of such a property. The range we were given for new construction was $170-$220/SF. It sort of made fiscal sense to buy the Williams Brothers building, instead of adding on to Village Hall, don't you think?
We were given a 5 year, no interest loan for the purchase of the same by the building owner, Mr. Tom Williams, Sr.
Once more, everyone is entitled to his/her opinion, but also once more, it's always nice to base your opinion on actual facts; not on what the building was worth in 1981.
maybe earl c. is a real estate appraiser now? if you listen to him, he's all that, and everything else.
ReplyDeleteWell, Mr. Carter made that comment, and it was printed in the Journal Star. Again, it really doesn't matter what Mr. Carter thinks the value of the building is; it matters a bit more what a recognized and licensed appraiser thinks. You see, the appraiser actually compares the building to what similar type buildings have sold for in the recent past. So, I guess we can either go with the $510,000.00 that the licensed and recognized building appraiser came up with; OR we can run with the unknown figure that Mr. Carter has in his noggin.
ReplyDeleteOnce more... forget the facts, and full speed ahead.