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Land Valuation 34 <br />Land Value Conclusion <br />We give relatively equal weight to all four sales and arrive at a land value conclusion as follows: <br />L V C <br />Indicated Value per Acre <br />$25,000 <br />Subject Acres <br />8.4474 <br />Indicated Value <br />$211,185 <br />Rounded <br />$210,000 <br />We are also aware of the following active land listings in the area. Asking prices range from $11,250 <br />per acre to $40,000 per acre. Our concluded value falls within this range. Note that properties often <br />sell for less than their asking price. <br />Current Active Listings <br />Asking <br />Asking <br />Property Location Acres <br />Price <br />Price /Acre <br />Highway 73 Concord 17.04 <br />$340,000 <br />$19,953 <br />5100 Highway 49 N Concord 43.00 <br />$1,100,000 <br />$25,581 <br />436 Central Heights Dr Concord 8.00 <br />$90,000 <br />$11,250 <br />2048 Wishon Rd Concord 10.73 <br />$160,000 <br />$14,911 <br />Roberta Rd Harrisburg 11.35 <br />$454,000 <br />$40,000 <br />We also spoke with several brokers to get their opinions on what they felt were fair asking prices for <br />the subject property. One broker felt that in general, the very top end range of land in the market <br />would be around $50,000 per acre; however, another broker said that for this area, $50,000 per acre <br />would be well above market and $20,000 to $30,000 was more in line. <br />The Glenn Center <br />irr <br />Attachment number 1 <br />H -5 Page 367 <br />