SETTLEMENTS
NAME / ADDRESS / PROPERTY DESCRIPTION / ACQUISITION OFFER / ACQUISITION SETTLEMENT / TOTAL
ACTUAL
WARNER / 4892 Summit Bridge RdMiddletown, DE / House - 775 SqFt / 1.07 AC / NOT AVAILABLE / $125,000
WARNER / 4890 Summit Bridge RdMiddletown, DE / House - 1900 SqFt / 2.25 AC / NOT AVAILABLE / $260,000
WARNER / 4896 Summit Bridge RdMiddletown, DE / Land / 1.82 AC / NOT AVAILABLE / $125,000
WARNER *** / $510,000
NIGGEBRUGGE / 1006 Bohemia Mill RdMiddletown, DE / Land / 5.67 AC / NOT AVAILABLE / $287,875
NIGGEBRUGGE / 1008 Bohemia Mill RdMiddletown, DE / Land / 6.4 AC / NOT AVAILABLE / $270,000
NIGGEBRUGGE / No House / OutBuildings / $557,875
MARSILLI / 426 Armstrong Corner RdMiddletown, DE / House - 2265 SqFt / 2.04 AC / NOT AVAILABLE / $390,000
MARSILLI / No Garage / OutBuildings / $390,000
Emerson / 1017 Jamison Corner RdMiddletown, DE / House - 1765 SqFt / 2.36 AC / NOT AVAILABLE / $348,000
Emerson / $348,000
OFFERS
NAME / ADDRESS / PROPERTY DESCRIPTION / ACQUISITION OFFER / ACQUISITION SETTLEMENT / TOTAL
ACTUAL
Wurzburg / 440 Armstrong Corner RdMiddletown, DE / House - 3107 SqFt / 11 AC / $520,000 / $520,000
SUGGESTED
Wurzburg / 440 Armstrong Corner RdMiddletown, DE / HOUSE - 3107 SqFt / 2 AC / $520,000
2 x 6 Wall / 2 x 10 Floor
Vaulted Ceilings / Sky Lights
2 Story Brick Wall Entry Atrium
8' Custom Brick Fireplace
Whole Intercom / Sound System
Burglar/Fire Alarm System
Whole House Vacuum System
529 SqFt Garage
Marble Floors in Atrium and Baths
Stone Tile Floor in Kitchen and Breakfast Room
Crown Moldings
Beaded Wainscoting
LAND
Wurzburg / 9 AC / $618,300
Wurzburg / $1,138,300
MLS Fair Market Homes / Lands - Sold
MLS # / PROPERTY DESCRIPTION / TOTALHOMES
5198935 / 3150 SQFT / 1 AC / $472,500
5085481 / 3275 SQFT / 1 AC / $474,900
5027641 / 3290 SQFT / 1 AC / $527,000
LAND
5312778 / 1.99 AC / $225,000
5497112 / 1 AC / $149,900
5375086 / 1.11 AC / $149,900
5430219 / 1 AC / $125,000
State of DelawareAugust 18, 2009
Department of Transportation
800 Bay Road
P.O. Box 778
Dover, DE19903
V. Wayne Rizzo – Assistant Director of Planning / Real Estate Services
RE:State Project No. 25-113-01 … F.A.P. No. NH-2006(18)… New CastleCounty
US 301, MarylandState Line to SR1
Tax Map No. 13-017.00-084
Property of Wurzburg, Richard F. & Grace C. & Robert A.
We, Grace C., Richard F. and Robert A. Wurzburg, are in receipt of your letter dated August 6, 2009.
With DelDOTacknowledging Highest and Best Use / Subdivision, a second appraisalmay not be necessary if DelDOTuses Completed Settlements to value and amendthe current position on our property.
In an effort to comply with DelDOT’s ultimate request to settle, please reference the attached table of DelDOT Settlements / Offers and MLS Fair Market Value Homes / Lands Sold to assist in preparing and returning a formal change of position.
Let us be perfectly clear - the suggested value for our property is based on published settlements ( already completed by DelDOT and justified by MLS Fair Market Value Homes / Lands Sold.The objective of our suggested value is to produce a credible result from DelDOT and MLS information; not “the right number”, not “an irrefutable conclusion.” The information used is fact not a Hypothetical Condition or based on an unrealistic and unsupported Highest and Best Use Theory. The information supports our suggestions and does not generate a hypothetical value.
Here, specifically, is our logic for DelDOT to consider:
Input from Warner Settlement –
Land1.82 acres$125,000$68,700 / acre
Input from Marsilli Settlement
House2265 sqft2 acres$390,000
Land2 acres-$137,400
House2265 sqft$252,600$111.50 / sqft*
*Allstate Insurance supports $116.50 / sqft
Calculations for Suggested Value
House3107 sqft x $111.50$346,120
2 acres x $68,700$137,400
Garage529 sqft x $55$ 29,500
Architectural Considerations$ 7,980
House Total$520,000
Land Total9 Acresx $68,700$618,300
Suggested Value $1,138,300
This is not our opinion rather a suggestion derived from DelDOT’s Opinion of Value based on property settlements. If our logic is flawed, then provide us with a value DelDOT feels is justified based on the settlements and MLS Fair Market Homes / Land Sold.
We are prepared to meet with Representatives from the State of Delaware that are authorized to present and accept a final settlementdeveloped from a formal change of position.
As an aside, your second paragraph appears to confirm what we have been saying all along about the DelDOT Appraiser’s – They are bias! Unless this is something else you “really didn’t mean to say”.
Robert A. Wurzburg
For Grace C. and Richard F. Wurzburg
Cc: Carolann Wicks
Ralph A. Reeb
Thomas Nickel
Steven Turley
Phyllis L. Trala
Dick Cathcart
Bethany Hall-Long
Eric Savage
Donald Schwartz
David C. Gibbs
Hassan Raza