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MooreBelds Proposed Conservation Easement Hillsborough, North Carolina <br />Physical Characteristics <br />Location: The subject is located on Moorefields Road in southern Hillsborough. This is <br />considered to be a good location. Comparable #1 is closer to Chapel Hill and it is adjusted <br />downward for this superiority. Comparables #2, #3 and #4 are close to the subject, and they are <br />not adjusted for location, as summarized in the following table. <br />' �2*.'',?" �,,_ �. 3" xfoiAOM�' Si.:' � LOYiIdOd.'.+t "� y�.rr'rF <br />f•YTF,�,�:�".�i'1 <br />�, <br />Adjustment <br />Subject <br />Good <br />Good /Good <br />Sale #1 <br />Superior <br />-104/0 <br />Sale #2 <br />Similar <br />0% <br />Sale #3 <br />Similar <br />0% <br />Sale #4 <br />Similar <br />0% <br />Access /Exposure: The subject is on an unpaved road. All of the comparables are on paved <br />roads and they are adjusted downward for this superiority, as shown in the following table. <br />X -.. <br />w:.. Accessl sure <br />�, <br />Adjustment <br />Subject <br />Good /Good <br />Sale #1 <br />Superior <br />-5% <br />Sale #2 <br />-Superior <br />-5% <br />Sale #3 <br />Superior <br />-5 0k <br />Sale #4 <br />Superior <br />-5% <br />Utilities: The subject and all of the comparables are served by public electricity and telephone <br />utilities, and no adjustments are made for these services. <br />Zoning: The subject is zoned AR, Agricultural - Residential, and it is in the Upper Eno Critical Area <br />Watershed, and therefore limited to a development density of one unit per two acres. All of the <br />comparables have similar zoning restrictions, and they are not adjusted. - <br />Size: Typically smaller tracts of land sell for a higher price per acre because there are more <br />potential buyers competing for these tracts. All of the comparables are close in size to the subject, <br />and they are not adjusted. <br />Topography and Cover: For this analysis we considered the topography of the subject to be <br />sloping, and approximately a third of it is cleared. All of the comparables have similar topography <br />and cover characteristics, and no adjustments are needed. <br />Shape: All of the comparables are irregular in shape, but no so much as to pose a challenge for <br />development, and no adjustments are made. <br />AnaVied Consuttaants Sales Compar/son -79: <br />M <br />