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Delivery-date: Thu, 15 Aug 2024 21:19:22 -0500
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Message-ID: <813e1022-2aba-4d06-9036-5c0e3f9245d6@aol.com>
Date: Thu, 15 Aug 2024 19:19:08 -0700
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From: Curtis Andrews <andrewscc@aol.com>
Subject: recent change on farm property
To: "Parrish, Cody M." <cody.parrish@CLAconnect.com>
Cc: DAP AERO <craig@dapaero.com>
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Hello Cody;

Two things recently happened that we need your advice on how we handle.

1) the adjacent property owner (Othello port district) is asking to 
purchase about 11 acres  out of the 31 acre farm which was appraised for 
the estate at $830,000

2) an 8 acre parcel across the road very similar to our land sold for 
$100,000 an acre on 6/3/2024 (after our appraisal).

We would ask $1,000,000 for the 11 acres, so we have a substantial 
capital gain problem.


Two questions:

Should Mom retain the property that may be sold and not put it in Dad's 
testamentary trust?

Can/should  we have the land re-appraised based on the current market 
value?  (there were no comparable sales in the area for the appraiser to 
use and now there is)

If the answers are generally yes or no, please answer this email Friday 
so we can discuss as a family this weekend.   If more complex, how soon 
can we meet or have a conference call?

I will be away from my email all Friday, so please call if you have 
questions or advice.  (If i am out of cell service, you can call Craig 
at 360 607 9559)

Thanks

Curtis Andrews
1336 E Oak St.
Othello WA 99344
andrewscc@aol.com
509 346 8108

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    <p><font face="Times New Roman, Times, serif">Hello Cody;<br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Two things recently
        happened that we need your advice on how we handle.   <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">1) the adjacent
        property owner (Othello port district) is asking to purchase
        about 11 acres  out of the 31 acre farm which was appraised for
        the estate at $830,000   <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">2) an 8 acre parcel
        across the road very similar to our land sold for $100,000 an
        acre on 6/3/2024 (after our appraisal). <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">We would ask
        $1,000,000 for the 11 acres, so we have a substantial capital
        gain problem.   <br>
      </font></p>
    <p><br>
    </p>
    <p><font face="Times New Roman, Times, serif">Two questions: </font></p>
    <p><font face="Times New Roman, Times, serif">Should Mom retain the
        property that may be sold and not put it in Dad's testamentary
        trust?  <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Can/should  we have
        the land re-appraised based on the current market value?  (there
        were no comparable sales in the area for the appraiser to use
        and now there is) <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">If the answers are
        generally yes or no, please answer this email Friday so we can
        discuss as a family this weekend.   If more complex, how soon
        can we meet or have a conference call? <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">I will be away from my
        email all Friday, so please call if you have questions or
        advice.  (If i am out of cell service, you can call Craig at 360
        607 9559)<br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Thanks </font></p>
    <p></p>
    <pre class="moz-signature" cols="72">
Curtis Andrews
1336 E Oak St. 
Othello WA 99344
<a class="moz-txt-link-abbreviated" href="mailto:andrewscc@aol.com">andrewscc@aol.com</a>
509 346 8108</pre>
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