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As requested the following information was developed for use in addressing the potential <br />impact of the proposed Buckhorn Village Development. <br />The property is located at the southeast corner or the intersection of I-85/40 and <br />Buckhorn Road (SR 1114), in western Orange County approximately one (1) mile ,from <br />the Orange/Alamance County line, and contains approximately 130 acres. <br />I have inspected and analyzed the subject property, the proposed development, <br />surrounding neighborhood and comparable sales data, which is summarized as follows: <br />The general neighborhood consists primarily of mixed style residential to the <br />east, south, and west, commercial immediately to the west, light industrial, & <br />service to the north, mixed with agricultural uses. The general neighborhood <br />area appears to have been developed over time from larger tracts with most <br />homes being typically built to individual custom tastes, which were incorporated <br />into the design and style of each structure (Speculative Residential Buildings has <br />existed over time). According to current information obtained from Orange <br />Counties computerized Land Records and the Triangle Multiple Listing Service, <br />numerous residential homes in the immediate surrounding area (TMLS, Area <br />210 & 211) have sold since 1985 (20+ years). Twenty-Four residences are <br />currently listed and one is currently under contract in the TMLS search area <br />(which is predominantly south of I-85 to NC 54). <br />The subject neighborhood area has been compared to other single-family residential <br />properties located throughout Orange County, one of which is located in central Orange <br />County known as "Wildwood" which, has similar styles, designs, age and external <br />influences (such as I-85 to its north and adjacent to a major commercial hub "f~Iampton <br />Pointe" which was built after the "Wildwood" subdivision was completed). <br />907 Alexander Stewart Drive (4.45Q..26) David M. Green <br />06/22/00 @ $-112,500 2094/96 23.0% <br />08/11/95 @ $ 91,000 1378/217 <br />1008 Alexander Stewart Drive (4.45Q..17) William & Leah Durham <br />06/15/99 @ $ 103,000 1940/573 88.4% <br />07/14/88 @ $ 69,000 737/410 <br />11/20/87 @ $ 9,500 694/255 <br />1024 Alexander Stewart Drive (4.45Q..12) Karla Alston <br />04/12/02 @ $140,000 2562/71 3.8% <br />05/21/01 @ $134,900 2306/71 19.4% <br />04/29/98 @ $113,000 1722/582 24.2% <br />07/31/92 @ $ 91,000 1015/361 <br /> <br /> <br /> <br />