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Hermes SMTP Server) with ESMTPA ID 66307047b7e0e0d066dd1bab4402f264; Fri, 16 Aug 2024 23:13:51 +0000 (UTC) Content-Type: multipart/alternative; boundary="------------DpBe13RtaqAtBnql0I03UFI5" Message-ID: <3e6e7747-931e-4601-8880-44fc8bd7f2ba@aol.com> Date: Fri, 16 Aug 2024 16:13:50 -0700 MIME-Version: 1.0 User-Agent: Mozilla Thunderbird Subject: Re: Fwd: recent change on farm property To: DAP AERO References: <813e1022-2aba-4d06-9036-5c0e3f9245d6@aol.com> Content-Language: en-US From: Curtis Andrews In-Reply-To: X-Mailer: WebService/1.1.22544 mail.backend.jedi.jws.acl:role.jedi.acl.token.atz.jws.hermes.aol Content-Length: 6577 X-Spam-Status: No, score=-2.9 X-Spam-Score: -28 X-Spam-Bar: -- X-Spam-Flag: NO This is a multi-part message in MIME format. --------------DpBe13RtaqAtBnql0I03UFI5 Content-Type: text/plain; charset=UTF-8; format=flowed Content-Transfer-Encoding: 8bit upon further investigation, the sale included an office, scale salt business and upgraded spur. On 8/15/24 9:10 pm, DAP AERO wrote: > I thought garcias was $1.1M which is $140k per acre > > > Begin forwarded message: > >> *From:* Curtis Andrews >> *Date:* August 15, 2024 at 7:19:22 PM PDT >> *To:* "Parrish, Cody M." >> *Cc:* DAP AERO >> *Subject:* *recent change on farm property* >> >>  >> >> 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 -- Thank You Curtis Andrews 1336 E Oak St. Othello WA 99344 andrewscc@aol.com 509 346 8108 --------------DpBe13RtaqAtBnql0I03UFI5 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: 8bit

upon further investigation, the sale included an office, scale salt business and upgraded spur. 

On 8/15/24 9:10 pm, DAP AERO wrote:
I thought garcias was $1.1M which is $140k per acre


Begin forwarded message:

From: Curtis Andrews <andrewscc@aol.com>
Date: August 15, 2024 at 7:19:22 PM PDT
To: "Parrish, Cody M." <Cody.Parrish@claconnect.com>
Cc: DAP AERO <craig@dapaero.com>
Subject: recent change on farm property



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
-- 
Thank You

Curtis Andrews
1336 E Oak St. 
Othello WA 99344
andrewscc@aol.com
509 346 8108
--------------DpBe13RtaqAtBnql0I03UFI5--