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Land Valuation <br />33 <br />The following table summarizes the adjustments we make to each sale. <br />Land Sales Adjustment Grid <br />Range of Adjusted Prices ($20,722 - $31,531 <br />Indicated Value J$25,000 <br />it <br />The Glenn Center <br />Attachmen number 1 <br />H -5 Page 366 <br />Subject <br />Comparable 1 <br />Comparable 2 <br />Comparable 3 <br />Comparable 4 <br />Name <br />The Glenn Center <br />5.7 -acres <br />6.37 Acres <br />Kerns Rd <br />South side of <br />Huntersville- <br />Concord Road <br />Address <br />120 Marsh Avenue <br />Lot 2 Cold Creek <br />800 N. Main St. <br />Kerns Rd. <br />South side of <br />Northwest <br />Farms Rd <br />Huntersville- <br />Concord Rd. <br />City <br />Concord <br />Concord <br />Mount Pleasant <br />Huntersville <br />Huntersville <br />County <br />Cabarrus <br />Cabarrus <br />Cabarrus <br />Mecklenburg <br />Mecklenburg <br />State <br />North Carolina <br />NC <br />NC <br />NC <br />NC <br />SaIeDate <br />Mar -12 <br />Oct -11 <br />Mar -11 <br />Jun -10 <br />SaIeStatus <br />Closed <br />Closed <br />Closed <br />Closed <br />Sale Price <br />$118,000 <br />$110,000 <br />$248,700 <br />$290,000 <br />Square Feet <br />367,969 <br />248,292 <br />277,477 <br />464,655 <br />441,698 <br />Acres <br />8.4474 <br />5.7000 <br />6.3700 <br />10.6700 <br />10.1400 <br />Zoning Code <br />0-1 <br />CR <br />RM -1 <br />R3 <br />TR(CD) <br />Topography <br />Gently sloping <br />Gently Sloping <br />Gently Sloping <br />Gently Sloping <br />Gently Sloping <br />Frontage Feet <br />505 <br />263 <br />240 <br />315 <br />756 <br />Water <br />Yes <br />No <br />Yes <br />No <br />No <br />Sewer <br />IYes <br />No <br />Yes <br />No <br />No <br />Price per Acre <br />$20,702 <br />$17,268 <br />$23,308 <br />$28,600 <br />Property Rights <br />Fee Simple <br />Fee Simple <br />Fee Simple <br />Fee Simple <br />Adjustment <br />— <br />— <br />— <br />— <br />FinancingTerms <br />Cash to seller <br />Cash to seller <br />Cash To seller <br />Cash to seller <br />Adjustment <br />— <br />— <br />— <br />— <br />Conditions of Sale <br />Arms length <br />Arms length <br />Arms length <br />Sold at discount <br />Adjustment <br />— <br />— <br />— <br />5% <br />Market Conditions <br />Mar -12 <br />Oct -11 <br />Mar -11 <br />Jun -10 <br />Annual %Adjustment <br />— <br />— <br />— <br />— <br />Cumulative Adjusted Price <br />$20,702 <br />$17,268 <br />$23,308 <br />$30,030 <br />Location <br />10% <br />20% <br />— <br />-15% <br />Size <br />-5% <br />— <br />— <br />— <br />Frontage/Access <br />— <br />— <br />— <br />-5 <br />Shape and Topography <br />— <br />— <br />— <br />10% <br />Zoning <br />— <br />— <br />— <br />— <br />Utilities <br />15% <br />— <br />15% <br />15% <br />Net $ Adjustment <br />$4,140 <br />$3,454 <br />$3,496 <br />$1,501 <br />Net % Adjustment <br />20% <br />20% <br />15% <br />5% <br />Final Adjusted Price <br />$24,842 <br />$20,722 <br />$26,805 <br />$31,531 <br />Overall Adjustment <br />20% <br />20% <br />15% <br />10% <br />Range of Adjusted Prices ($20,722 - $31,531 <br />Indicated Value J$25,000 <br />it <br />The Glenn Center <br />Attachmen number 1 <br />H -5 Page 366 <br />