Jackson (Wyo.); Real property valuation; Ranches


Mr. Steven Bonnett, Vice President, Trust Division of Pittsburgh National Bank served as executor of the estate of the late Henry Oliver, Jr. Mr. Bonnett retained Vern Englehorn and Frank Kemp of Denver to appraise the fair market value of two assets owned by Mr. Oliver, the Poodle Ranch and the Four Lazy F Ranch in Teton County, Wyoming. Mr. Bonnett subsequently retained the Harrison Price Company to critique the Englehorn/Kemp appraisal and the subsequent IRS appraisal based on that report, with particular reference to establishing the cash equivalent value associated with the comparable sales cited in the Englehorn/Kemp appraisal. HPC research program included a physical inspection of each comparable sale, a review of their development entitlements, confirmation of terms of sale, and interviews with appropriate investing institutions to determine the discount rate they would have employed at the relevant valuation date of January 11, 1978 if they were to purchase those notes at that date. The report was prepared by Stephen S. Watts, Director of Real Estate for the Harrison Price Company. Appendix A contains a resume of Mr. Watts as well as his qualifications statement relative to the HPC.


Harrison Price Company


Pittsburgh National Bank

Date Original


Document Type



619; DP0004442




Copyright: University of Central Florida Special Collections. Permission to publish must be obtained from Special Collections in writing. Contact (407) 823-2576 or online at

Number of Pages

15 pages


Jackson (Wyo.); Ranches; Land; Real estate; Valuations; Appraisals


Jackson (Wyo.)



Digital Reproduction Specialists

Electronically reproduced by the Digital Services unit of the University of Central Florida Libraries, Orlando, 2005.

Is Referenced By (University of Central Florida Special Collections Harrison "Buzz" Price Papers finding aid); (University of Central Florida Libraries Online Catalog)


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