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i���� <br /> �� <br /> I�� <br /> �j�� I <br /> � � <br /> R E .r� L. � S �" .�1, 7' �, I_. L.. � <br /> June l9, ��I� <br /> Mr. .���`f Aik�n, �►bv�sian �'r�sider�t <br /> I)avi€1 �leekely Hames, LLC <br /> RE: flpiz�iar� af i��pact a� adj�ce�� �a�d values, ]C►ur�hi�l subdivisi+�n, C)ran�e �a�anty,I"NC <br /> J�ff, <br /> lw�illriclge Real Esta�e has pre��red+aur evalivatia�x c�f e�ist�ng l�nd �d h�me values ad�ace�t ta <br /> the prcapased C��axhz�� su�divxsi+�a� and t�e r�esul�ing impac��n future values ofthese�r+�perties. <br /> L�ndersta�d e�a,�����l��rrr�ne, �arad and�rap�r�y values we�e take�directly fr�rn �!r�nge county tax <br /> rec�ar�s and that �h�s capinit�a� caf�rmpacted value As nc�t to be c�nsider�d an ap�araisal of prapert� <br /> value. Th�met�at�dalt��Y u��d�ae��a-w is ca�rr�rnon�l�ce ir��h�real e�tia.te rnarl�et and is an <br /> acceptabl�apprc�acl� wh�n res�arclaal�g�a�aper�y va�ues. <br /> Sca� �: LJtilizi�g the �r��ge C+�unt��ax rec�ards adjac�nt prap�rty va���s vv�r�abtained and <br /> s���n �r� the att�clt�;d�arc�per�y list. Pr�p�rtie� th�t were�at vacant land �vith dev�la�rrnent <br /> pc�t�ntial (ie. Tri�ng1� Land �Cons�rva��y� ar�er� cu�rently�:�sed/�ented far something ather t1�an <br /> sin�;le ��amily r�sidez�tzal ��v�aership (ie. :1 & J rnc�bile ham�park} vaere nc�t sirniIar and t�erefore <br /> �ot consitiere�., �C+arnparing siani�ar adjacent praperty values wit�tfie proposed salles prices �� <br /> ct�mpleted lats �d hame5 �s a via�le method Cc� d��errm�ine hc�w the propc�sed develo�ament�rrri�l <br /> in�luence similar adjaeent praperty values. <br /> Adj�c�t prc���rty val�es: T�e at�a�ck�ed "L�u�kail� Parcel Ma�p>' sho�ws the adjac�ilt parce�s c,f land. <br /> fJf�hes� 19 parcels, eigh� are vacant re�i+der�ti�lle�ts, sev�n I�ave harnes, tl�e Triangl�Land <br /> Cortse�van�y awns ane anel c�ne i� a rno�il�hame parl�. <br /> A) Vacant residerntiallots: $ ��ts wit1� ar�average valu� a�'$48,��7/acre <br /> B} Existir�� sin���-�'arr�ily homes: sev�n�ames ar�gin�in val�e fram $59,781 t4 <br /> �3,28�,725. The amedna�a haa�r�;value�f adj�a�ent pxc�perti�s with existin�ho�ases is <br /> ��85,10(J. 4?Vith�ane hcarne be�i7�naore t1��n �45#� �� in �ize and havin�a value ir� <br /> �xcess t�f three millian t�ollars t�e avera�ge va�ue o�all seven hornes is dramati�ally <br /> a��ect�d �nd�herefc�re usia��this h�nr�e tca determin�:a�� averag�val��will nc�t�� a fair <br /> representatic�r� of the va��ae a�'tl�e c�the�six cxisting horn�s. T1�e �ame can p�assila�y be <br /> said �'�r t�e larwe�� value hcr�e be�mg?5C square feet in size and �alu�d at $59,?$1. <br /> 152�APCC7M A.WENUE• SUITE 1'�73� W&f4E FO�EST„NC 2758?= P-919-b54-�1F5 A• €-9I9-554-p879• WWW.Mq,LLRI€]GE�2EALE�TATE.G��1 <br />