It was stipulated that the highest and best use of the property at the time of the appropriation was for residential subdivision purposes. Comparable sales were used by the expert witnesses to establish their appraisals of claimants' property. Claimants' expert valued the property at $715,000 for an acreage value of $23,000, while the State reached a value of $583,500 based on a value of $18,750 per acre. The court valued the property at $657,850 which is approximately $21...
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