at La Playa de Cerros Maya
Appraisals
On 12 March, 2011, Preferred Appraiser Walter Flowers visited Cerros Sands to perform independent appraisals of three representative properties. Below are the results of those appraisals, including links to PDFs of the actual appraisal reports, completed on 17 March, 2011.
Beachfront Property
This property is a trapezoidal shape contining 1,202.5 square meters, cleared. Market value $129,000 USD.
Beach View Property
This property is a trapezoidal shape contining 905.4 square meters, cleared. Market value $59,000 USD.
Channel View Property
This property is a trapezodial shape containing 1,019.4 square meters, cleared. Market value $69,000 USD.
Property Value
In each case our current prices are all below these values, except for one beachfront which is at the same value. And that one beachfront would probably be appraised at a higher value because it has significantly more linear feet of beachfront than the one appraised.
Every Owner to date, even in this economy has seen an improvement in their investment. Some well over 100%.
This will be a benefit to all owners looking for financing for Construction as well as to a few folks who may be looking to purchase now.
