As part of the Stokes Park Proposal presented to the community earlier this month, the WCO President promised to present real estate comps to back the potential for selling the Stokes Avenue Property.
The report was compiled by Westview resident, Realtor with Coldwell Banker Residential Brokerage Atlanta and former WCO Executive Board Member Orlando Hartwell.
The document can be downloaded here.
From Orlando: "Here is the preliminary comparative market analysis (cma) The numbers are kind of all over the place. I narrowed it to within a mile radius of the subject property and roughly around the same or similar square footage. When it comes to raw land there are a few variables to be considered; the location of the lot and its desirability. With that said. There are 3 active properties and one under contract. The average asking price is 134,000. However there have been 2 closed properties with an average sales price (in the last 6 months) of 96,000. Taking into consideration the specifics of the property I would put the value around about $120,000 dollars."