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• City of Charlottesville <br />MEMO <br />• <br />0 <br />TO: Satyendra Huja <br />FROM: Glenn Branham <br />RE: John Street Lots <br />DATE: Friday, November 08, 2002 <br />I have physically inspected the city owned lots (4) on John Street for the <br />purpose of estimating their fair market value. <br />Lot 5 has sewer and water lines that dissect it; therefore this lot is only <br />suitable for parking or yard use. Lots 6 and 7 are good buildable lots. Lot 8 has <br />no street frontage and could not be built on until John Street is extended. <br />Each lot is approximately 49' in width and 98.5' in depth. The lots are <br />zoned R2 and are suitable for single-family use, detached or attached. If the lots <br />were assembled, by right five units could be constructed. <br />I estimate the fair market value of the four lots to be $75,000. <br />If I may be of further assistance, let me know. <br />Attachment <br />