Junior Amateur Golf Championship and in 2017 hosted the United States Girls' Junior Golf Championship. If substantial and persuasive evidence establishes that the TVM of the excess land is higher than the TVM as set by the BOE, the agricultural assessed value would increase. Complainant contends that the 2016 appraisal establishes an inconsistency in the appraisers opinion of value. Cupples Hesse Corp., 329 S.W.2d at 702. App. Boone Valley Golf Club is a private course available only to its members and their guests. Hughes testified that special factors considered were converting going concern value to real estate only for ad valorem tax value, adding value for excess land, and making assumptions for property conditions as of the tax date. The shifting of the TVM within the subclasses would reduce the assessed value. Heyden holds state certified general licenses for appraisal in Missouri, Kansas, and Illinois; is a member of the American Institute of Real Estate Appraisers; is designated MAI; is a past member of the Admissions Committee for the St. Louis Chapter of the Appraisal Institute and of the Regional Ethics Committee of the Appraisal Institute. William H. Heyden (Heyden) testified on behalf of Complainant. Gary RomineVictor CallahanDebbi McGinnis, Greene County v. Hermel, Inc., 511 S.W.2d 762, 771 (Mo. Junior, Mid-Amateur Champs to Receive U.S. Open, Women's Open Exemptions", https://en.wikipedia.org/w/index.php?title=Boone_Valley_Golf_Club&oldid=1026412718, This page was last edited on 2 June 2021, at 03:52. The appraisal report, Exhibit 2, provided a comprehensive discussion of the financial aspects of the golfing industry in the United States based on research from the National Sporting Goods Association, the National Golf Foundation, and golf-related data compiled by the service Pellucid, Inc., and based on interviews with representatives of the facilities named in the report. From 1996 to 2000, Boone Valley Golf Club hosted the Boone Valley Classic, a Senior PGA Tour (now known as the PGA Tour Champions) event. (Id.). The subject property and the comparables are truly comparable in that they are subject to the same market influences, they are competitive with one another, they have similar operating expenses, and they have similar utility and amenities. Come find out what makes Casa Rustica a local favorite. Complainant Boone Valley Golf Club, Inc., (Complainant) did not present substantial and persuasive evidence to rebut the presumption of correct assessment by the BOE. (Id. (Exhibit B) Heyden has been providing valuations for commercial real estate since 1983. Below you will find the latest Pine Valley membership prices. The appraisal report determined a capitalization rate of 9.00% for the subject property based on rates from comparable properties, the Band of Investment method, and the Lenders Capitalization Method. Section 138.432. Hughes testified that he learned of additional market data between the 2016 appraisal and the second appraisal for tax year 2017 that resulted in the conclusions of value. Stephen & Stephen Properties, Inc. v. State Tax Commission, 499 S.W.2d 798, 801-803 (Mo. If judicial review of this decision is made, any protested taxes presently in an escrow account in accordance with this appeal shall be held pending the final decision of the courts unless disbursed pursuant to Section 139.031.8, RSMo. Four of the comparable properties also had additional amenities, such as a pool and tennis courts. App. 2003). Boone Valley Golf Club is a private golf club in Augusta, Missouri. 1975). The gross rent multiplier does not allow for abnormal physical deterioration, or unusual operating expenses, or differences in zoning. Respondents evidence was more persuasive under the circumstances. All rights reserved. Input Score Boone Valley Golf Course - Augusta, Missouri. All of the comparable properties had a minimum of 18 holes and a clubhouse. The barman as well (night shift), was always gentle. For more information about membership at Hound Ears Club, call 828.963.2137 or email membership@houndears.com. Also on the other side of the kitchen, and you already from 6 hours to make a noise. Heyden is a commercial real estate appraiser, real estate consultant, and owner of WH Heyden & Associates. What we say. With regard to the subject propertys golf course and improvements, the appraisal report utilized the direct capitalization method because it would be the technique likely employed by a potential purchaser and because the membership of the golf course and improvements is restricted, limiting the club from operating at membership capacity. App. (Exhibit E) The 2016 appraisal concluded a value of $6,000,000 for the golf course and improvements and a value of $1,000,000 for the excess land. The BOEs valuation is assumed to be an independent valuation. Const. Get started on your journey with a PGA Coach who specializes in your experience and needs. Substantial evidence can be defined as such relevant evidence that a reasonable mind might accept as adequate to support a conclusion. Holes 18 the golf course in the management and marketing. After thoroughly reviewing the whole record, including the substantial and persuasive evidence presented by Respondent, the STC modifies the Decision to cause the correct valuation of the subject property by subclass to be placed on the property. Given the lack of substantial and persuasive evidence to rebut the BOEs determinations of the subject propertys division into classifications of agricultural, commercial, and residential property, the BOEs determinations of classification are affirmed and will not be addressed in this Decision. Favorite The STC has jurisdiction to hear this appeal and correct any assessment, which is shown to be unlawful, unfair, arbitrary, or capricious, including the application of any abatement. 2011), citing St. Joe Minerals Corp. v. State Tax Commn of Mo., 854 S.W.2d 526, 529 (Mo. On December 26, 2018, a Decision and Order was issued finding the Complainant did not present substantial and persuasive evidence to rebut the presumption of correct assessment by the BOE as to TVM or the subject propertys division into classifications of agricultural, commercial, and residential property. After factoring an adjusted capitalization rate of 11.02% (1.27% tax capitalization rate + 9.75% real estate capitalization rate) and deducting $1,000,000 for personal property, the appraiser opined a value of $3,600,000. Golf. Anyhow, I will stay in this hotel again during my next trip to Munich. Therefore, I did not make any specific deductions from the going concern value of the Boone Valley Golf Club. (Exhibit B) He derived the numbers from the subject propertys historical revenues and expenses. Search for fun things to do in your area led by PGA Professionals. The use of the gross rent multiplier requires assumptions. With the addition of the indication of value of the excess land of $1,000,000, (See Sales Comparison Approach, below) the indication of values under the income approach were $4,600,000 and $5,800,000. Read the latest feature stories from the PGA of America to learn how the game is growing on and off the course. Boone Valley rates 4 to 4.5 on 6 out of 8 of these factors. McMurray testified that the size and equipment of the kitchen was limited in its ability to produce a volume of food. LAKE OZARK, MO | Enjoy 3 nights' accommodations at The Lodge of Four Seasons and 2 rounds of golf at The Lodge of Four Seasons - Cove & Ridge Courses. 1974); Chicago, Burlington & Quincy Railroad Company v. STC, 436 S.W.2d 650 (Mo. Le Club membership it was ignored. App. Hughes testified that the subject property is rated the #1 course in the state of Missouri by Golf Digest Magazine. (Id. App. The property will remain rented at a constant rate without any unusual vacancy factor. Payment is made in cash or its equivalent. St. Joe Minerals Corp. v. STC, 854 S.W.2d 526, 529 (App. Stephen R. Hughes (Hughes) testified on behalf of Respondent. The income approach is based on an evaluation of what a willing buyer would pay to realize the income stream that could be obtained from the property when devoted to its highest and best use. (Exhibit 1) The going concern sale prices of the comparables ranged from $3,400,000 to $10,200,000. True value is never an absolute figure, but is merely an estimate of the fair market value on the valuation date. Drury Chesterfield, Inc., v. Muehlheausler, 347 S.W.3d 107, 112 (Mo. 1993). The assessed valuation of the agricultural property increased and the assessed valuation of the residential and commercial property decreased. 1980). State Highway Commn v. Southern Dev. (Id.) Persuasive evidence is that evidence which has sufficient weight and probative value to convince the trier of fact. App. Hughes has appraised over 300 golf courses and country clubs. The STC finds Respondents evidence to be substantial and persuasive. In sum, true value in money is the fair market value of the subject property on the valuation date. The room was very spacious, confy and had very good beds. App. The income from fees is stable even though net income is weak, i.e., the subject property operates at a deficit, which is made up by the owner. 2003), St. Louis County v. Security Bonhomme, Inc., 558 S.W.2d 655, 659 (Mo. Hughes testified that he did not intentionally try to make the numbers line up. The 2016 appraisal concluded that the subject propertys total value as a going concern was $7,000,000 as of July 2, 2016. W.D. (Exhibit A) The sale prices of the comparables ranged from $177,188 to $1,490,000, which translated to $5,037 to $9,156 per acre. The taxpayer is the moving party seeking affirmative relief. W.D. Heyden recognized Respondents Exhibit 3, which stated that he had violated USPAP in the appraisal of two commercial properties in 2000 and which set forth the specific requirements to successfully complete probation. the most objective way to make such deduction. (Id.) Please contact the course directly for tee time availability. . The subject property is owned by Boone Valley Golf Club, LLC. According to the German Golf Association there are 727 golf courses in the country serving more than 640,000 affiliated golfers (2019). Missouri courts have approved the comparable sales or market approach, the cost approach, and the income approach as recognized methods of arriving at fair market value. Heyden testified that the income is allocated according to the use, commercial versus residential, of each area. Hermel, Inc., 564 S.W.2d at 888; Black, 970 S.W.2d at 378; Holt v. Clarke, 965 S.W.2d 241 (Mo. The Hearing Officer, having considered all of the competent evidence upon the whole record, enters the following Decision and Order. We are currently not offering tee times for this course. App. The appraisal report determined an effective tax rate of 10.9935% for commercial property and 10.0829% for residential property. Junior Amateur U.S. Girls' Junior The excess 227 acres of land were classified as agricultural. Book Tee Times Article X, Section 14, Mo. McMurray testified that a valuation of $2.6 million was very reasonable in comparison to other golf courses. Even if the BOE has reduced the valuation and Respondents evidence is offered to increase the value, but not to the level of the original valuation, the computer-assisted presumption does not come into play. I'll try to summarize my opinion as follow:1- Location: the hotel is located in more or less industrial area, 10 taxi ride from the train station and 3 min walk to bus station ( toward Munich Messe or city center).2- Rooms: in the first night I disappointed with the room in the first floor which was double room but small and there was a smoke odor, the next day they upgraded for free to a superior room which was spacious and better. Each method uses its own unique factors to calculate the propertys true value in money. Id. Boone Valley Golf Club - Missouri - Best In State Golf Course | Top 100 Golf Courses Boone Valley Architect P. B. Dye Augusta, Missouri Rankings 6 4.5 Want to Play Address 1319 Schluersburg Rd, Augusta, MO 63332, USA Championships hosted U.S. The Board valuation is assumed to be an independent valuation. Case heard and decided by Senior Hearing Officer Amy S. Westermann (Hearing Officer). It is the quotient of the propertys true value in money divided by the propertys gross income or rent. The cleaning staff was also very friendly and always asking if everything was in order.Price: the price was fair for the period - New Year Eve - and I believe it can offer better prices off the season. The allocation of the assessment is as follows: The Decision and Order of the Hearing Officer, including the findings of fact and conclusions of law therein, is incorporated by reference, as if set out in full, in this final decision of the STC. Pursuant to Section 138.060, the TVM cannot exceed the BOEs determination of value of $5,823,576. If the green fee at the course is, say, 75 - that would work out at 15,600 annually - It's likely the annual subs could be 10 times cheaper than that. When applying the income approach to valuing income producing property for ad valorem tax purposes, it is not proper to consider income derived from the business and personal property; only income derived from the land and improvements should be considered. 2000); Hermel, Inc., 564 S.W.2d at 897; Xerox Corp. v. STC, 529 S.W.2d 413 (Mo. With bentgrass tees, fairways, and greens and bluegrass/fescue rough, the course is always in excellent condition, capable of withstanding summers with drought conditions of years past. The room was arranged onto a person, but two people we went. Hermel, Inc., 564 S.W.2d at 895; Cupples-Hesse, 329 S.W.2d at 702; Brooks, 527 S.W.2d at 53. (Exhibit E) Given that (1) the value as a going concern would include personal property and intangibles; (2) Hughes specifically deducted $1,000,000 to account for an estimate of the value of personal property and intangibles in his appraisal report; and (3) the evidence established that St. Charles County valued the personal property at $714,240 as of January 1, 2017, Hughes valuation of the real property for ad valorem taxation as of January 1, 2017, was reasonable. 1974). Additionally, Complainants own Exhibit E, Hughes 2016 appraisal of the subject property, concluded that the subject propertys total value as a going concern was $7,000,000 as of July 2, 2016, 16.8% higher than the BOEs determination of total TVM for purposes of ad valorem taxation as of January 1, 2017. 21 Reviews. Germany, Bavaria. 1991). The appraiser concluded the subject propertys total TVM was $6,000,000 as of January 1, 2017. E.D. However, the value of these intangible assets tend to be subjective. With regard to the subject propertys golf course and improvements, the appraisal report utilized the market rent method and the traditional income approach. Boone Valley Golf Club | 1319 Schluersburg Road Augusta, MO 63332 United States | P: (636) 928-5200 | Mobile Site Dear Oliver T,thank you for sharing your impressions during the stay in our hotel.Its nice to hear that you liked our team members. Manageable. (Id.) The Fairway Cafe is now serving breakfast and lunch! (Id.) Such must be proved by substantial and persuasive evidence. He has professional experience in golf course development, feasibility studies, and golf course brokerage. Id. The room was arranged onto a person, but two people we went. Sign me up to receive emails from GolfNow and NBC Sports golf brands. VALLEY OF THE MOON CLUB MEMBERSHIP. Property Assessment Valuation, International Association of Assessing Officers, 1977. The Hearing Officer, as the trier of fact, may consider the testimony of an expert witness and give it as much weight and credit as deemed necessary when viewed in connection with all other circumstances. The Hearing Officer found Respondents evidence was substantial more persuasive. He has appraised over 300 golf courses and country clubs. BT Bar & Grill. the room was close to railway but for me it wasn't disturbing as the window was sound proof. Improvements include an 8,626 square foot clubhouse, a 4,224 square foot cart barn, an 8,651 square foot maintenance shed, and 9,941 square foot space designed as cottages. (Exhibit 2), Using the traditional income approach, the appraisal report analyzed three years of the subject propertys historic income and expense information plus the 2017 budget to conclude a stable estimate of total members of 280 and a stable estimate of total rounds annually of 12,000. The STC may then summarily allow or deny the request. Const. [3], introducing citations to additional sources, Enterprise Rent-A-Car Match Play Championship, United States Girls' Junior Golf Championship, "Course Rating and Slope Database - Boone Valley Golf Club", "Boone Valley Golf Club, Augusta, MO - History", "U.S. The State Tax Commission (STC) takes this appeal to determine the TVM and the classification of the subject property as of January 1, 2017. The Complainant prayed, in the alternative, for a reduction in the assessed value. App. S.D. Boone Valley Golf ClubThis page contains the photo gallery of Boone Valley Golf Club located at Augusta, Missouri. Rough There exists a presumption of correct assessment by the BOE. Hughes obtained information about the subject property through a personal inspection and by speaking with the clubs ownership, Respondents office, area golf operators, and real estate professionals. 1991). 2003); Industrial Development Authority of Kansas City v. State Tax Commission of Missouri, 804 S.W.2d 387, 392 (Mo. Commissioners, The comparable in Missouri was a public golf course with 27 holes, a clubhouse, and no additional amenities. The residential property accounts for 65.6% of the valuation of the golf course, ($3,549,991/$5,414,650 = 65.6%.) For purposes of levying property taxes, the value of real property is typically determined using one or more of three generally accepted approaches. Snider v. Casino Aztar/Aztar Missouri Gaming Corp., 156 S.W.3d 341, 346 (Mo. The Constitution mandates that real property and tangible personal property be assessed at its value or such percentage of its value as may be fixed by law for each class and for each subclass. If Respondent is seeking to prove a value different than that set by the BOE, then it also would be applicable to the Respondent. ), With regard to the subject propertys golf course and improvements, the appraisal report analyzed five comparable properties that had sold between September 2010 and January 2015. (Exhibit A) The sale prices of the comparables ranged from $1,874,600 to $3,700,000, which translated to $6,679 to $23,418 per acre or $72,222 to 205,556 per hole. Heyden deducted the exact amount of the personal property as assessed by St. Charles County, Missouri, for tax year 2017 . Buyer and seller are typically motivated. Boone Golf Club is located in a beautiful valley, just south of the town of Boone on Fairway Drive, the course features level to gently rolling fairways, large undulating greens and breathtaking views of the surrounding Blue Ridge Mountains. The Hearing Officer, as the trier of fact, is not bound by the opinions of experts but may believe all or none of the experts testimony or accept it in part or reject it in part. of 1945. (Id.) (Exhibits A and D) Heyden testified that [g]olf courses tend to have significant value in their reputation . They all speak good English. Registration, Breakfast and 19th Hole Experience 10:30 a.m. On re-direct examination, Hughes testified that the subject property is intentionally under-utilized and over improved. hippie fest 2022 michigan; . 1 Stars 0 Conditions Value Layout Friendliness Pace Amenities 0% Recommend this course Read Reviews About Holes 18 Type Private/Resort Par 71 Length 6944 yards Slope 145 Rating 74.3 Satellite Layout Tees Track Rounds Scorecard Course Details Year Built 1992 Golf Season Open: 2/15 Closed: 12/15 Architect P. B. Dye (1992) Hale Irwin Rentals/Services S.D. After market-based adjustments for conditions of sale, location, and physical characteristics, the adjusted sale prices ranged from $87,389 to $168,350 per hole. Hermel, Inc., v. State Tax Commission, 564 S.W.2d 888, 897 (Mo. Best regards i.A. [1] The evidence in the record focused on the issue of overvaluation. Hughes valued the subject property in 2016. E.D. 1975). Events/Banquet Hall. 1974); Chicago, Burlington & Quincy Railroad Company v. STC, 436 S.W.2d 650 (Mo. MODIFYING THE DECISION OF THE HEARING OFFICER. But the big problem was, the air conditioning was not good even after the service man changed the inlet filter and the room was really cold.3- Breakfast: It was a open buffet with limited choice but for me as a business traveler was acceptable.4- Staff: I dealt with several people during my stay in reception, they were polite, friendly and helpful and I don't have any complaint about them. If no judicial review is made within thirty days, this decision and order is deemed final and the Collector of the St. Charles County, as well as the collectors of all affected political subdivisions therein, shall disburse the protested taxes presently in an escrow account in accord with the decision on the underlying assessment in this appeal. In any case in charter counties or the City of St. Louis where the assessor presents evidence that indicates a valuation higher than the value finally determined by the assessor or the value determined by the BOE, whichever is higher, for that assessment period, such evidence will only be received for the purpose of sustaining either the assessors or boards valuation and not for increasing the valuation of the property under appeal. There was no evidence implying that the operation and use of the subject property would change in the future; rather, the evidence established that annual revenue is based primarily on membership fees and secondarily on the food and beverage sold and the cottages rented to members of the golf club and guests. The wifi works perfectly everywhere nearby and inside the hotel. The Collector of St. Charles County, as well as the collectors of all affected political subdivisions therein, shall continue to hold the disputed taxes pending the possible filing of an Application for Review, unless said taxes have been disbursed pursuant to a court order under the provisions of Section 139.031.8, RSMo. Lake Valley Golf Club 4400 Lake Valley Dr., Niwot 303-444-2114; lakevalley.com $7,000 $342-$452/ mo. . I hereby certify that a copy of the foregoing has been sent electronically or mailed postage prepaid this 21st day of May, 2019, to: Complainants(s) counsel and/or Complainant, the Assessor and/or Counsel for Respondent and Collector. Staff was very friendly and always ready to help when needed. Any Finding of Fact which is a Conclusion of Law or Decision shall be so deemed. 2003); Daly v. P. D. George Co., 77 S.W.3d 645 (Mo. 79-80; Uniform Standards of Professional Appraisal Practice, Glossary. (Id. No 478 Dining, practice facilities, Welcome to Boone Valley Golf Club The development of 440 acres of scenic farm land into Boone Valley Golf Club began with a vision. MEMBER CAP FACILITIES COURSE ARCHITECT CONTACT Aspen Glen Club 0545 Bald Eagle Way, Carbondale 970-704-1905; clubcorp.com $35,000 $1,070/mo. As will be addressed below in the section describing Respondents Burden of Proof, there exists by statutory mandate a presumption that the assessors original valuation was made by a computer, computer-assisted method, or a computer program this is known as the computer-assisted presumption. 8.5. Guest satisfaction is the key to our success and one of the most important goals for us. In 2001, Boone Valley hosted the Enterprise Rent-A-Car Match Play Championship also on the Senior PGA Tour. Fore! App. Par 71 Heyden testified that the subject propertys excess land would be classified as agricultural. In 2007, Boone Valley hosted the U.S. First, the highest and best use of the subject property will not change over the economic life of the property. He was commissioned by the International Association of Assessing Officers to write a seminar on Golf Course Valuation for Tax Purposes. ), On cross examination, in conjunction with Complainants Exhibit E, Hughes 2016 appraisal report, Hughes testified that he made changes from the 2016 appraisal to the 2017 appraisal based on research of a very similar golf club. The STC finds that a reasonable mind could have conscientiously reached the same result as the Hearing Officer based on a review of the entire record. The total value of the personal property deducted, $714,240, was assessed at $238,080. The sale of the real property also generally includes certain intangible property, such as trademarks/intellectual property, membership agreements, reputation, and business good will. Call us at (859) 623-4653. Boone Valley Golf Club in Augusta, Missouri is a private course. [2] The 440 acre property is located 3 miles from the Daniel Boone Home in the Femme Osage Valley. Boone Valley Golf Club 1319 Schluersburg Road Augusta, MO 63332 Pro Shop: Office: General Manager: Director of Golf: Head Golf Professional: Superintendent: Website: Staff Directory About Us Contact Us FSGA Store Tournaments Men's Championships Women's Championships USGA Qualifying One-Day Events Juniors - FJT Winter Series Membership My Account Heyden testified that he used a capitalization rate of 9%, Bryan McMurray (McMurray) testified on behalf of Complainant. McMurray testified that the subject property was not encumbered by any loans for the new irrigation system. I have stayed for almost 2 weeks in this hotel during Christmas Eve season. Both parties are well informed and well advised, and both acting in what they consider their own best interests. E.D. ), Heyden testified that he researched the subject property and prepared his appraisal report, Exhibit A, in conformity with the Uniform Standards of Professional Practice (USPAP). If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. McMurray testified that the kitchen serves breakfast, lunch, and dinner to members, and meal service typically ranges from eight to 20 individuals. Lock in the lowest price from these sites. Complainant appeared by Counsel Robert J. Droney. 21 Reviews. (Exhibit 1) Hughes described the subject property as upscale, operated as an exclusive retreat for members, and host of national tournaments and local charity events. (Id.) LAKE OZARK, MO | Enjoy 3 nights accommodations at The Lodge of Four Seasons and 3 rounds of golf at The Club at Porto Cima (Troon Priv) and The Lodge of Four Seasons Cove & Ridge Courses. First come, first serve. ), The appraisal report concluded that the highest and best use of the excess land was its current use as a buffer for the golf course. The elevators are new and really quick. The BOE made the following determinations of TVM, classification, and assessed valuation: Complainant contends that even if BOEs determination of the total TVM of the property was supported by the substantial and persuasive evidence presented by Respondent, the assessed valuation for the property should decrease due to the change in allocation to assessed value. The appraisal report forecasted a stabilized membership of 430 and a stabilized number of rounds of golf at 26,230. An adjusted overall rate of 10.9935% was applied to the commercial NOI and an adjusted overall rate of 10.0829% was applied to the residential NOI to conclude a combined value of $3,365,242. You'll discover it's more than just a golf lesson. at 348. Please see our partners for more details. Add miscellaneous income to get the effective gross income; Deduct operating expenses from the effective gross income to determine net operating net operating income before discount, recapture and taxes; Determine the appropriate capitalization procedure to be used; Capitalize the net operating income into an estimated property value. This business uses tools provided by Tripadvisor (or one of its official Review Collection Partners) to encourage and collect guest reviews, including this one. At Boone Valley Golf Club, golfers tee off from the Gold, Gold/Black, Black, Blue, White, White (L), Green Or Green (L) tees at a maximum distance of 6,944 yards from the Gold tees. Complainant pursued the claims of overvaluation and classification and opined that the TVM of the subject property was $3,670,000. Contents 1 Details 2 PGA Tour Champions host 3 USGA host 4 Scorecard 5 References 6 External links Details [ edit] The 18-hole club was founded by Robert Ross and was built by golf course architect, PB Dye, son of celebrated golf course architect Pete Dye. 3 miles from the subject property was not encumbered by any loans for the new irrigation.. Multiplier does not allow for abnormal physical deterioration, or unusual operating expenses, or operating... State Tax Commission, 564 S.W.2d at 702 ; Brooks, 527 at! Determined an effective Tax rate of 10.9935 % for residential property management and.. Be an independent valuation independent valuation, 436 S.W.2d 650 ( Mo very friendly and always ready help... From $ 3,400,000 to $ 10,200,000 courses and country clubs hosted the United States '. Also had additional amenities, such as a pool and tennis courts,... D ) Heyden has been providing valuations for commercial real estate appraiser, real estate appraiser real! 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