Laserfiche WebLink
Effective Date of Appraisal: March 14, 2017 <br /> Date of Report:March 17, 2017 <br /> Owner: Residue-NC Department of Transportation <br /> Property Address: George Liles Parkway, Concord,NC 28027 <br /> Tax Parcel: Residue: 5600-70-8560 Cabarrus County within Concord City Limits <br /> Property Identification: Residue: 15.9370 acres <br /> The property is identified by reference to the tax parcel identification. <br /> Property Rights: The property rights being appraised are the fee simple estate. <br /> Fee simple estate is defined as absolute ownership unencumbered by any other interest or estate; <br /> subject only to the limitations of eminent domain, escheat,police power, and taxation. <br /> Exposure Time Opinion: The USPAP refers to exposure time as the time a property would <br /> reasonably be marketed before the date of appraisal. <br /> Review of area properties finds listing to contract exposure times of three to 15 months. <br /> However,the subject is a landlocked parcel with a limited buyer pool. Therefore,the exposure <br /> time opinion is one to two years. <br /> The exposure time opinion,listing to closing,is Ito 2 years assuming the property is <br /> marketed at or near market value in a manner typical of the market. <br /> Residue: R-2246B 076 9 <br /> Attachment number 2\n <br /> G-6 Page 265 <br />