Nancy in Friday Harbor
Junior Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Washington
Hi All,
Am working on a 28 acre waterfront property on an island with serious equestrian amenities -- 8 stall barn with in floor heat, tack room, wash rack, bathroom & laundry, stallion stalls; Open arena with excavation down to about 3 feet and then layers of impact absorbant material; fenced and cross fenced with wood rail fence (no wire), etc etc.
We have horse properties here, but there are so many other differences in the real estate, that it's next to impossible to come up with specific market value contributions.....ie no paired sales <sigh>.
The appraisal is for a family trust for use in buying out one family member.
Just wanting to double check with other areas on whether or not these amenities add much, if any, market value. Am especially interested in Western Washington info...
Thanks much....
Nancy
Am working on a 28 acre waterfront property on an island with serious equestrian amenities -- 8 stall barn with in floor heat, tack room, wash rack, bathroom & laundry, stallion stalls; Open arena with excavation down to about 3 feet and then layers of impact absorbant material; fenced and cross fenced with wood rail fence (no wire), etc etc.
We have horse properties here, but there are so many other differences in the real estate, that it's next to impossible to come up with specific market value contributions.....ie no paired sales <sigh>.
The appraisal is for a family trust for use in buying out one family member.
Just wanting to double check with other areas on whether or not these amenities add much, if any, market value. Am especially interested in Western Washington info...
Thanks much....
Nancy