Cape Cod National Seashore Park. Hearings Before the Subcommittee On Public Lands of the Committee On Interior And Insular Affairs, United States Senate, Eighty-Sixth Congress, First[-Second] Session, On S. 2636, a Bill to Provide for the Establishment of
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Now, based on competent real estate agents and brokers in the area, predicating their opinions on actual sales in the locality, the minimum fair market value of the property taken would be $4^313,000 for the 172 CAPE COD NATIONAL SEASHORE PARK dwellings, $6,825,000 for the land or a total of $11,165,000 for just the property taken in Wellfleet. And I call to the Senator's attention and to the Representative's attention that the value of dwellings uti- lized here is approximately $10,000 per dwe...lling and I call to your attention that the figures compiled by the National Parks Service with respect to values of dwellings in Wellfleet was that the average value was $15,000. So that it is readily seen that these figures are not exag- gerations, that they are one-third less as far as dwellings are concerned that the National Parks said that those buildings are worth. I am using a value of approximately $1,000 an acre for the land. I do this on the basis of the fact that most of the land being taken is the valuable land in Wellfleet.
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