HomeMy WebLinkAboutWild Oats
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WDITH T. TERRY
TOWN CLERK
REGISTRAR Of VITAL STATISTICS
Town HaU, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
FAX (516) 765.1823
TELEPHONE (516) 765.1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON DECEMBER 12, 1989:
RESOLVED that the Town Board of the Town of Southold hereby
determines that the amount of $14,000.00 shall be deposited with the Town
in lieu of land for Park and Playground purposes in the major subdivision
of "Wild Oats" at Peconic, of which sum $100.00, being the appraisal cost,
shall be deducted and payable to the General Fund, and the balance
deposited in the Park and Playground Trust Account.
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~T~'-{;~
Southold Town~l~r<;{
December 14, 1989
. .
nrstlOwne,
~alty ·
MAIN ROAD
SOUTHOLD, NEW YORK 11971
15161 765.2288
LEWIS EDSON
LICENSED BROKER
MAIN ROAD
CUTCHOGUE, NEW YORK 11935
(5161 734-6687
November 22, 1989
APPRAISAL REPORT
FOR THE
TOWN OF SOUTHOLD
OF
PROPERTY AT INDIAN NECK LANE
PECONIC, NEW YORK 11958
RECEIVID
NOV 2 9 'S89
$oulI.old T ,,'''" ("1...4<
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ffrstlOwne,
~alty .I,
.'
MAIN ROAO
SOUTHOLO. NEW YORK 11971
(516) 765-2286
LEWIS EOSON
L1CENSEO 6ROKER
MAIN ROAD
CUTCHOGUE,NEWYORK 11935
(5161 734-6687
November 22, 1989
In the Matter of )
WIld Oa ts )
at Peconic )
State of New York )
) SS
County of Suffolk )
Lewis L. Edson being duly sworn, deposes and say:
I am over 21 years of age and reside at Southold, Town of Southold,
Suffolk County, New York. I am a duly licensed real estate broker
and sole owner of First Towne Realty of Southold and Cutchogue,
New York.
I have acted in some sales and purchases in the Town of
Southold. I have also bought and sold real property for my own account
at Southold and elsewhere in the Town of Southold. I am well
acquainted with real estate values in the Town of Southold.
.
.
On or about August 29, 1989, the Town of Southold
requested First Towne Realty to make an appraisal of property
in the Town of Southold, Village of Peconic, State of New York.
While I was then generally familiar with the property, I have
since carefully inspected all of the property for the purpose of
appraising it.
The parcel contains approximately 14 acres with 1197.67 feet
on Indian Neck Lane, Peconic, Town of Southold, County of Suffolk,
State of New York. It is bounded on the East by Indian Neck Lane,
on the West by Rose Koroleski, on the South by Geiger and on the
North by Kopper and Jacobs. The property is presently used as a
nursery. The area is a very desirable residential area. It will
make a nice subdivision.
The 1988 - 1989 Southold Town Assessment was:
Land
Total
$3,500
$3,500 with a $3,200 agricultural exemption
In my opinion a fair market value for the Subject Property
on November 22, 1989 would be $20,000 per acre or $280,000.
.
.
Suffolk County Tax Map Number: 1000-86-4-6
Southold Town Taxes 1988 - 1989: $181.16
Property is zoned residential.
Respectfully submitted,
Lewis L. Edson
Licensed Real Estate Broker
Subscribed to
this 21nd day
and sworn before me
of November 1989.
ct0~,~~
Notary
a.AlRE L GLEW
NaWt PublIa, .... cf ... VGltt
No. 487llli05
au.11lled In Suffolk CountY ov\
Commission ElqIlrea o-mber 8. 1LU./
Ii
SUBJECT PROPERTY
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SUBJECT PROPERTY
.
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LIMITING CONDITIONS
This appraisal is subject to the following limiting conditions.
The legal description furnished is assumed to be correct.
I assume no responsibility for matters legal in character, nor do
I render any opinion as to title, which is assumed to be marketable.
All existing liens and encumbrances have been disregarded and the property
is appraised as though free and clear under responsible ownership and
competent management.
I have made no survey of the property and assume no responsibility
in connection with such matters.
Unless otherwise noted herein, it is assumed that there are no encroachments,
zoning violations or restrictions existing in the Subject Property.
Information, estimated and opinions contained in this report are
obtained from sources considered reliable, however, no liability for
them can be assumed by the appraiser.
Possession of this report, or a copy thereof, does not carry with
it the right of publication, nor may it be used for any purpose by any
but the applicant without the previous written consent of the appraiser
or the applicant, and in any event only with proper qualification.
I am not required to give testimony or attendance in court by reason
of this appraisal, with reference to the property in question, unless
arrangements have been made previously herefore.
The division of land and improvement values estimated herein
is applicable only under the program of utilization shown. There separate
valuations are invalidated by any other applicant.
.
.
QUALIFICATIONS OF LEWIS L. EDSON
I am a licensed Real Estate Broker with an office at Main Road,
Southold, Suffolk County, New York.
I have acted in many sales and purchases in the Town of Southold.
I have also bought and sold real property for my own account at Southold
and elsewhere in the Town of Southold. I am well acquainted with real
estate values in Southold.
Prior to opening First Towne Realty in June, 1976, I was with McDonald's
Corporation as Director in Charge of new site development. During my
nine year tenure, I either purchased or approved the purchase of over
300 locations in the Northeastern section of the United States and Canada.
I have done many appraisals in the Town of Southold for individuals,
attorneys, and I am an authorized appraiser for the North Fork Bank &
Trust Company for commercial properties.
I am a member of the Eastern Suffolk Board of Realtors.
I have also qualified as an expert witness pertaining to real estate
matters, before the Supreme Court of New York and the United States Federal
Tax Court.
,
.
JUDITH T. TERRY
.
l()\\"'" CLERK
~I (;ISTRAR 0.. VITAL ST ATISTICS
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
FAX (516) 765-1823
TELEPHONE (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUfHOLD
August 30, 1989
Lewis Edson
First Towne Realty
Main Road
Southold, New York 11971
Dear Lew:
The Southold Town Board, at their regular meeting held on August
29, 1989, adopted a resolution engaging your services for the purpose of
conducting an appraisal of the subdivision of Wild Oats, located at Peconic,
so the Town Board may determine the amount of money to be deposited with
the Town in lieu of land for park and playground purposes, all in
accordance with Section 106-38.E(3) of the Code of the Town of Southold.
The subdivision map is enclosed herewith.
you.
When you have completed your appraisal, please file it with me. Thank
Very truly yours,
P-7-
Judith T. Terry
Southold Town Clerk
Enclosure
cc: Planning Board
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Town Hall. 53095 Main Road
P.O. Box 1179
Southold. New York 11971
TELEPHONE
(516) 765-1938
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
August 15, 1989
~aM;)
AUG 2 1 Q39
,J'.ldi th Terry
Southo1d Town Clerk
Southold, New York 11971
SouIhoId T",,~ t"I..,(.
RE: Proposed Subdivision for
Wild Oats
SCTMi 1000-86-4-6
Dear Judy,
Attached please find a copy of the final map for the above
mentioned subdivision.
The Planning Board is referring this subdivision to the
Town Board pursuant to Section 106-38 E (3) for a determination
on the amount of money to be deposited with the Town in lieu of
land for Park and Playground.
BENNETT ORLOWSKI, JR.
CHAIRMAN
.
JUDITH T. TERRY
TOWN CLERK
REGISTRAR Of VITAL STATISTICS
.
Town Hall, 53095 Main Road
P.O. Box I 179
Southold, New York 11971
FAX (516) 765.1823
TELEPHONE (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOllOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOlD TOWN BOARD AT A REGULAR MEETING HELD ON AUGUST 29, 1989:
RESOLVED that the Town Board of the Town of Southold hereby engages
the services of Lewis Edson, at a fee of $100.00, for the purpose of
conducting an appraisal of the major subdivision of Wild Oats at Peconic,
so the Town Board may determine the amount of money to be deposited with
the Town in lieu of land for park and playground purposes, all in
accordance with Section Al 06-38E. (3), Subdivision of land, of the Code
of the Town of Southold.
a.. L'~d"p _~
,;;:?Z~ ~T. Terry tJT
Southold Town Clerk
August 30, 1989