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A MEMBER OF THE SEARS FINANCIAL NETWORK <br /> 4210 E.WASHINGTON AVENUE <br /> CoLD�� <br /> MADISON,ATE 241-1999 <br /> 53704 <br /> CORPORATE 241-1999 <br /> 8��� COMMERCIAL 241-5912 <br /> RELOCATION 241-5912 <br /> RESIDENTIAL SALES OFFICES <br /> EAST 4210 E.WASH NIGOTON AVENUE <br /> ANCHOR MADISON..24WI 1-6666 <br /> 53704 <br /> BUS.241-86868 <br /> REAL ESTATE SERVICES 333 WEST TOWELO ROAE <br /> S.WESTFIELD ROAD <br /> MADISON,WI 53717 <br /> BUS.829-3700 <br /> 109 E.MAIN STREET <br /> MT.HOREB.WI 53572 <br /> BUS.437-3028 <br /> 1633 W.MAIN STREET <br /> September 24, 1985 USN57- 066.WI57345 <br /> BUS.257.7066,837-7345 <br /> Dr. & Mrs. Gary Conger <br /> 4061 Vilas Road <br /> Cottage Grove, Wisconsin 53527 <br /> Re: Vacant land - Vilas Rd. <br /> Approx. 29.8 acres <br /> Section 16-7-11 <br /> Dear Dr. & Mrs. Conger: <br /> Reference above described parcel. <br /> We have offered the above property in the real estate market for one <br /> year. During the terms of the listing contract, we have had numerous <br /> inquiries regarding the property. <br /> My conclusion Dr. Conger, is that the land is for the most part "unsale- <br /> able" as it now sits. Most individuals are very interested in a 5-8 <br /> acre building parcel at a cost of approximately $20,000 to $30,000. In <br /> general, this is the current "market demand" for this area. <br /> I highly recommend that, as owner/seller of this property, an ultimate <br /> goal should be to seek and have approval of a division of the land into <br /> four separate building parcels. Not only will this be beneficial to <br /> you in selling this land, but the tax evaluation would increase for the <br /> Village once these lots were sold and homes built. <br /> I would recommend specific deed restrictions; i.e. , square footages of <br /> the home, useage of the land. This would assure uniformity of the homes <br /> built, enhance the environment and increase the value both for increased <br /> taxation by the Village of Cottage Grove and in "future" sales of the <br /> property. <br /> We continue to receive incoming inquiries regarding the property. How- <br /> ever, when the individuals are made aware of the total acreage and cost, <br /> they lose interest. <br /> 4 <br /> mit <br /> An Independently Owned and Operated Member of Coldwell Banker Residential Affiliates, Inc. <br /> OOOOOO e <br />