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RECONCILIATION OF LAND SALES <br /> Based on the price per acre, the land sales are analyzed and adjusted using percentage adjustments. The <br /> objective is to account for comparable features that differ from similar subject features. If the subject's <br /> feature is superior to the sale's similar feature then a positive adjustment is made to the comparable. If the <br /> subject has an inferior feature, then the comparable is reduced. The comparables are adjusted to mirror the <br /> subject. Please refer to the adjustment grid on the preceding page. <br /> Adjustments <br /> Financing: All comparables are cash to seller transactions with no seller assistance, thus, no financing <br /> adjustments. <br /> Conditions of Sale: No Condition of sale adjustments required. <br /> Time (Date of Sale): The comparables are one year or less and do not require a time adjustment. <br /> The indicated values are: <br /> Comparable Price Per Acre <br /> One $44,729 <br /> Two $49,661 <br /> Three $9,756 <br /> Physical Adjustments and Analysis: <br /> The subject and sales have multiple physical differences; however, the subject's lack of public road access <br /> significantly impacts the property's overall value minimizing the impacts of other adjustments. Therefore <br /> the only adjustments made account for the subject's lack of access or being 'landlocked' and a topography <br /> adjustment to comparable three (a landlocked property). <br /> R-2248E 001 AttMment number 2\n <br /> G-6 Page 281 <br />