Tom Cook: Market activity

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My usual method of getting sales information for this column is to contact local brokers and ask them if they have sold anything of interest. This week’s e-mail blast provided few results. Chad Ortte of Donnie Jarreau Real Estate did respond with an e-mail telling me he sold a 1998 Toyota Tacoma for $5,000 that he had purchased two years ago for $3,000. He may want to get in the used car business if things don’t pick up in real estate. Ben Stalter with Maestri-Murrell Real Estate sold an office warehouse building on Ruby Avenue in Gonzales for $270,000. The building has a total area of 4,800-square-feet and the sale price per square foot calculates to $56.25. It had been listed for $315,000; the property sold for about 15% below the listed price. Stalter said the new owner would occupy the space.

(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)

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