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SECTION 29 <br />RECONCILIATION AND FINAL VALUE ESTIMATE <br />Indicated Value of Subject by the Cost Approach Not Estimated <br />Indicated Value of Subject by the Income Approach Not Estimated <br />Indicated Value of Subject by the Direct Sales Comparison Approach $ 419,000 <br />The Cost Approach will not be used to estimate value, because there are no <br />structural improvements to the subject property. This appraisal is of the subject <br />vacant land. <br />The Income Approach will not be used to estimate value, because vacant land is <br />seldom purchased for income production. <br />The Direct Sales Comparison Approach is believed to offer a good indication of <br />value since it reflects current decisions of buyers in the marketplace. All weight <br />is placed on the direct sales comparison approach. <br />ESTIMATED VALUE OF SUBJECT PROPERTY <br />ROUNDED <br />24 <br />$ 419,000 <br />$ 420,000 <br />