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CABARRUS COUNTY 2012 APPRAISAL MANUAL <br />VALUATION OF SPECIAL PROPERTIES <br />MOBILE HOME PARKS <br />Mobile home parks lend themselves well to classification by inside access roads, density, facilities and general appearance as <br />follows: <br />CLASS 1 Narrow, unpaved roads <br />High density (Older Park) <br />No recreation hall or other facilities <br />Generally unattractive appearance <br />CLASS 2 Narrow, unpaved roads or broken pavement <br />High density (Older Park) <br />Deteriorated recreation hall and /or laundry <br />No curbing, no street lights <br />Many mobile homes without skirts <br />Little effort to maintain attractive appearance <br />CLASS 3 Average location and design <br />Streets paved and in at least fair condition <br />Medium density (10 -15 sites per acre) <br />Adequate laundry and recreation hall <br />Lawns trimmed, good general appearance <br />CLASS 4 Good location and design <br />Streets wide enough for cars to pass <br />Curbing and sidewalks <br />Streets with street lights and street signs <br />Good recreation hall, shuffle board, swimming pool <br />Attractive entrance and good general appearance <br />(Lawns cut and edged, bushes trimmed) <br />Density around 8 sites per acre <br />CLASS 5 Excellent location and design <br />Attractive entrance <br />Wide paved and curbed streets <br />Street lights and street signs <br />Excellent recreation hall facilities <br />Swimming pool, shuffle board, and other leisure time equipment <br />Management sponsored activities <br />Manicured lawns and trees <br />Maximum density of 8 sites per acre <br />Average rental rate, vacancy rates and operating expenses also correlate highly within these classifications. Therefore, income <br />data need only be gathered from a few mobile home parks to arrive at a reliable income value per space as follows: <br />Cabarrus County — 2012 Revaluation <br />VALUATION OF 9 -1 <br />SPECIAL PROPERTIES 9/30/11 <br />Attachment number 10 <br />G -6 Page 289 <br />