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REALIOR~
~1
LLOYD TAYLOR
REALTOR
~
406 Sauth Sth Street, Fort Pierce, Florida 33450
' Tetephone: (305) 464-8836
Au~ust 11, 1980
To t,fian It May Concern:
The real property legally described as Lots 12 and 13 of Faber's
Subdivisian, Fort Pierce, St. Lucie County, Florida, located at
114 Sauth 21st Street, is tmder notification by the City of Fort
Pierce, Florida to mak.e exte~nsive repairs or be candesrned for de-
m~Iition.
Tt~e owner has made soc~e renairs, how~~ver, mo~re ~gent repairs
arr~a~ting to $6, 300. 00 are needed. Zhese repairs ~~11 have to
be made imnediately to meet the minimm code requires~nts of the
City of Fort Pierce, Florida.
The manthly rental inc~aR~ is $120.00, The a~ner is fortl.~ate to
find a tenant for this aQnoimt of rent payment, This imoome,
cou~led c,rith oanditions of the praperty and vressure of candematian
proceedings result in a valuation of $8,400.00
If a farn~al appraisal was made based on the abave infoYmal valuation,
it could be doctmented to sup~ort such a valuatian an incame and
zonirig alm-e. Zhe valuatian is also a result of experience as an
appraiser, Realtor and many years practice as a p,eneral cantractor.
W~Y ,
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Lloyd Ta lor
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