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Topography: The subject is level while sale three is crossed by a ravine. Sale three is increased 10% to <br /> compensate. <br /> Accessible Road Frontage: The subject fronts George Liles Parkway but it has no accessible road <br /> frontage. Review of historical landlocked acreage sales indicates that without road access, landlocked <br /> properties are 70% to 90% less valuable than accessible properties with similar zoning and physical <br /> characteristics. Comparable three has no public road frontage and it sold for near 70% less than comparable <br /> two, a site with road frontage. This comparison and historical analysis of landlocked properties supports <br /> reducing comparables one and two 75% to account for the subject's lack of access. <br /> Conclusion: The following values are indicated: <br /> Comparable Value Per Acre <br /> One $11,182 <br /> Two $12,415 <br /> Three $10,731 <br /> The market value opinion is weighted to sale three's indication strongly supported by sale one. The market <br /> value opinion, `as if vacant', as of March 14, 2017, is $11,000.00 per acre. Therefore, <br /> $11,000.00 per acre x 15.9370 acres = $175,307 rounded to $175,300 <br /> The land value opinion 'as if vacant' as of March 14, 2017, is $175,300. <br /> R-2248E 001 AttMment number 2\n <br /> G-6 Page 282 <br />