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5.200- Property Inspection James M. Owens inspected the property on March 14, 2017. The inspection consisted of walking and photographing the subject from along the fenced George Liles Parkway frontage. The market area inspection consisted of driving through the area, discussion with area real estate brokers,review of tax information,review of historical sales and review of planning documents. 5.201: Market Area Analysis and Description The subject is east of Highway 29 fronting George Liles Parkway in southwest Concord. The neighborhood boundaries are Highway 29 to the south, Coddle Creek to the west,Popular Tent Road to the north and Rock Hill Church Road to the east. George Liles Parkway, a recently completed limited access thoroughfare running between Interstate 85 (2.25 miles north of subject) and Roberta Road to the south, splits the neighborhood. The area is a mix of single family subdivisions, institutional uses and vacant or agricultural land with commercial development along Highway 29 and at the George Liles and Popular Tent intersection. Approximately 50%of the neighborhood is vacant or agricultural land. Sheffield Manor is a 313 home single family subdivision adjacent and north the subject accessible from Weddington Road. Developed in the mid to late 1990's the typical home is near 2,500 square feet currently selling for$225,000 to$275,000. Other nearby subdivisions surround the Concord Country Club north of the subject in the Foxlair and Asheford Green subdivisions where homes range from$300,000 to over$500,000. Between George Liles Parkway and Coddle Creek the majority of land is agricultural. Vacant residential land values range from near$10,000 to$50,000 per acre dependent upon access and other physical features. In the immediate subject area is Weddington Hills Elementary School and Harold E. Winkler Middle School(adjacent the subject)with both accessible from Weddington Road. Residue: R-2246B 076 10 Attachment number 2\n G-6 Page 266