Agenda - 06-07-2011 - 5p - Laserfiche WebLink

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L AND APPRAISAL SUMMARY REPORT My.resP.arch ^ ~d d~ twt n~ arry prtar sales or transfers d the FikNa: a Count 12013 subjectproperty for the flues years prior to the t11ec6ve date d this appraisal. ~ Dam Source s. O 1st Prior SWr' Sale/Lramler Anatysis of sale/transfer history andlor any arrrerd agreement of sale/listin : N f ~ g one ound, v i Dam: NIA ~ Prke: W $pl S: Z 2nd t~ri0r $a ' Sa~/TralrSftr Dad: ~ r- N!A Prke: Sou s fEATURF SUBJECT PRf1PH31Y t'AMPARABt# NO. t COAtPAiiABLE ND. 2 COMPARABLE N0.3 Address Brookhoibw Road (f.369 ac+!-) Lot #12 Mallory Place Lot 32-33 Gn~rrtree Drive Waxstaff Road Efland NC 27243 . Mebane NC Hillsboro h NC Cedar Grove NC . to Su ct 7 miles W +!- 6 m0es f +/- 6 mites NW +/- Sate t'dce $ 250 $ 24 $ 25 DDO PdCe/ Atte S $ 23 5D0.00 $ 48 D39.22 27173.91 Data Source(s) Inspection! MLS #1706476 MLS #1703224 MLS #1691310 Veafiration Source(s) Res~rch Ptrbtic Records Public Records Public Records VALUE A0.1UST1JI81T #SCRIPTION t)ESCR{PIION +(-) S Adjust fIESCRB'fmN +(-) S Adryst DESCRIPi70N +(-) S AdJust Sales or f1narwing Cash Sale Cash Sale Cash Sale x Canctssions .None Assumes None None None o Date of SaleJtane ' 25.2011 Closed Ma /2010 -2 500 Closed 1=eb12D11 Closed Jaral201 D -1 750 ~ ed l=ee S" le Similar Sinnlar Simiar na. Loca~n fRand/A S trot -7 500 SimrTar Similar Z Site Arta Arles 1.369 adA 1.5 adSim .St adSim .92 arlSim yO }•f Use Residential . Similar Similar Similar tY None Sumlar Similar Similar Qa Road Ttonm StatelPaved S'unilar Similar Similar 0 w Tdet Ad' tmerd omi, in ~ + - -10 000 !^ + - S ~ + ~ - S -1 750 Nc4 28.4 % Net % Net 7.0 % °0 'sled Sak Price n Gross 28.4 % $ 25 25fl Gross % S 24 500 Gross 7.0 % 23 250 Summary d Sales Comparison Approach Recent, similar, dosed lot sales in the subject nerghbofiood area vmre scarce She three sales i'rsted above were chosen from seven total sates anaHzed and are considered the best irxiicators of the sutaiects value liWrvidual adpsbnents were r>eoessary where differences befuveefr the sut>jeCt and cornparables exist and were made axgrdingly Alf three crnrtparatrles are surrilar to the subject in timeldate of safe general size curtent zoning general location within the subject market area, and are given equal consideration in this report Comp. #1 iS carsidered superigr in location. as it IS located within an establjsfied suhdivrsion corrrmunity with protective tbVenani5 and NOA. Lot srze does not parallel value wittrin the Subject market area Please see the attached Sales Comparison and Demographics addenda for additiorrat comments and condusiorrs. PRO~CT1Nf-~tNAdtd~l fOR PUDs rf The Sub' is of a Planned Urdt Deveio ment. G Le Name of N!A a Descdbe common elemems and recreational facditles: Indieafed Yalue trjc Saks Catttparfsolr Approadr $ 25,000 Fnal Reconciliation The Sales Comparison Anah+sis indicates a canoe of value of between $23,250-$25 250. Based on my n~view of all data G available arxt gnat ed, final reconabation indicates the su " vahre of $25,000. a This appraisal is made ~ "as Is", or ~ subject to the talfowmg conditions: '"'1 assume 1~a1 subdivision of the subject parcal from its parent trail, ~ and soil quality satisfactory to sustain a private three broom septic system ~ Orange County Heal6r Dept. standards "` v i ~ Tlrlss report is also m Omer a1 Cor~diorrs anNor Extraad s as specfied In the aimdr~ addenda. Based tgfwr an inspection d the su(tjed f defined Scope of Work, Statement of Assnmp6orrs and thrwting Cardfiorrs, acrd Apprarset's t~r0ificafiorts, a Market vattre (or other y~ae type}, as defined trerein. -of the real property that is the subject of this n~ort i>~ ~ ~ (om9 ~n s 1 O a ~ ' ~1 ~ ' s ~ ~ if irrd ttgs ' " of vase is - ro egnaffi arrd / or ia,clnded r x A true and corr4rlete cePY of this r~Ort conWrrs 14 pages, including e>dnbds wtach are cgnsrdered an integral paR of the r~OtL This apprasal report may cwt be a propedy understoed witlwut refeaence to me infarma8on comained in me cmrrplem n'QoA, which contains me following attached txtriMls: ^ Scope of Work LimBing CondlCertifwations I ; Naaative Addendum g Locatiar Map(s) -flood Adder~um ~ AddrUonal Sales Q Photo Addenda ~ ' Pa[cel M r'' ~CgrldNOnS ;J `} Client Cotdact C Benedict CBent Name: Orange Courtly E-Mali: P.O. Sox 8381 Hr71 h NC 27278 APPRAISER ~'~ ~ ,.jr Ce F SUPERVISORY APPRAISER ZN required) •E ; r/F ~ S ~ ~ ' or CO-APPRAISER (rf applicable) y ~, , ab e r,y .k ,`, A702 ; it upervisory or W set Name: Scoff W. Dorsett ~o ~~ r ~ ~ ~ Apprai .r ~ 4c Co-Appraiser Name: ~ Company: S rf~r ff ~ Company: Phone: 919-88t1-96flQ Farc 919- "'r Phone: Fate ~ E-Mall: sdorsett d.rrtbm E-Mail: ~ Date of Report (Signature): April 25, 2D11 Dam of Report (Signaaure): License or Certification #: A702 Stain; NC License ~ Certificaton #: Stall: Designation: State Certfied Resbential Designation: Fxpiratiar Date of License or Certification: June 30, 2D11 F~iratlon Date of Ucense or Certification: 1nsp~tien d Sub~ct '~i Did hrsped =; Did Not Inspect (Desktop) Inspection of Suh)ect: ~ Dfd Inspect ^ Did Not Inspect Date ~ hrspectign: ZS 2011 Date of Inspection: ~~~ _ ~ d:mutiefd®?11nr Ma la.modz ix. ills tam ~v fa n uma~firax~tm~d ruratrnanntisson. Inarevv. ala mode. tic. mid he aclmmrledad and aM~d ~~ ~~$~ ~ frorm 6PLND - ~OTAI fa Wmdows• appraisal software by a is mode, inc. - t-s~-ALAMDDE 7