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E.Central MN | The price that something cost in 1976 isn't relevant to what it is worth today. Current replacement cost gives you a good place to start assessing its value. By replacement cost I mean a structure that would last about as long as the current structure would last, so a new Morton shed wouldn't be a comparable building, a lower grade building would be closer to the value you are looking at. Likewise a 35 year old concrete slab has value, but its far below the value of a newly poured concrete slab. A 15 year old or older heating system has no value. Fair value of the building(not including the land it sits on) is probably in that 25-35,000 area as long as it had enough elevation to drain water away from the structure. If the building has to be moved then you'd be lucky to get 25-30% of that. | |
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60'x120' Morton building
