Orange County NC Website
124 <br /> 14 <br /> Nearby Sales Adjusted Adjustments* <br /> TAX ID Owner Date Sold Sales Price Acres Built GBA Style Parking Total <br /> 099B A 019 Durrance Sep-12 $165,000 $0 -$825 -$39,127 $0 $0 $125,048 <br /> 099BA021 Berryman Apr-12 $212,000 -$7,500 I' $4,240 -$47,583 $0 $0 $161,157 <br /> 0900 A 060 Nichols Feb-13 $165,000 $0 -$825 -$31,892 $0 $0 $132,283 <br /> 090N A 040 Carrithers Mar-15 $120,000 $0 $600 -$2,952 $0 $0 $117,648 <br /> 099C A 043 Cherry Feb-15 $148,900 -$7,500 $2,234 $94 $0 $0 $143,727 <br /> Average r $165,500 ' -$1,875 $798 -$30,389' $0 r $0 $134,034 <br /> Median r $165,000 ' $0 -$113 -$35,510 v $0 r $0 $128,665 <br /> *I adjusted all of the com parabl es to a base line 2011 Year Built and 1,586 s.f.based on Lot 12 <br /> If you consider just the 2015 nearby sales, the range is $117,648 to $143,727 with a median of$130,688. <br /> If you consider the recent adjoining sales the range is $123,501 to$131,553 with a median of$127,527. <br /> This difference is less than 3%in the median and well below the standard deviation in the sales. The entire <br /> range of the adjoining sales prices is overlapped by the range from the nearby sales. These are consistent <br /> data sets and summarized below. <br /> Matched Pair Summary <br /> Adjoins Solar Farm Nearby After Solar Farm <br /> Average Median Average Median <br /> Sales Price $134,975 $130,000 $134,450 $134,450 <br /> Year Built 2005 2005 2009 2009 <br /> Size 1,619 1,591 1,606 1,606 <br /> Price/SF $83.72 $84.00 $83.87 $83.87 <br /> Percentage Differences <br /> Median Price 3% <br /> Median Size 1% <br /> Median Price/SF 0% <br /> Based on the data presented above, I find that the price per square foot for finished homes are not being <br /> impacted negatively by the presence of the solar farm. The difference in pricing in homes in the <br /> neighborhood is accounted for by differences in size, building age, and lot size. The median price for a home <br /> after those factors are adjusted for are consistent throughout this subdivision and show no impact due to <br /> the proximity of the solar farm. This is consistent with the comments from the broker I spoke with for this <br /> subdivision as well. <br />