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L <br /> .- -.....-.1 P. H. CRAIG <br /> 'I .• <br /> [ <br /> 1 _. 02= <br /> _t_ - • -.,..Ic-s <br /> REAL ESTATE ASSOCIATES <br /> 4. <br /> P.0.1am 553 105 <br /> CHAPEL HILL, NORTH CAROLINA 27514 <br /> ::-.".X, •^0'..."^t.. <br /> (919) 942-7234 <br /> REALTOR' <br /> RESIDENTIAL SALES, NEW CONSTRUCTION, INVESTMENTS& APPRAISALS <br /> 28 Hay, 1985 <br /> • , <br /> From: P. H. Craig, Appraiser <br /> To: Dr. J. B. Rhine heirs <br /> Subj: Appraisal damages, as a result of prospective rezoning of cer- <br /> tain tract across S. R. 1710 now zoned Residential, to Commercial <br /> • Industiial. <br /> Conc: As a result of Industrial use and or rezoning on the identified <br /> • tract on South side of S. R. 1710, the decrease, in value of the <br /> Residential zoned property of J. B. Rhine heirs will amount to <br /> $30,000.00 <br /> Notes: Tract under consideration is identified as amendment. LUP-2-85 <br /> Chandler Concrete Co. Inc. saith approximately 720 front feet <br /> directing facing the 1200 ft of road frontage belonging to 0", B. <br /> Rhine heirs. <br /> 1. the particular topography and lake frontage exposes almost the <br /> entire tract to the view of the Chandler addition. <br /> 2. the home place itself directly faces the area stripped entirely <br /> of all top soil. <br /> • 3. because of lake little if any effective screening can be made <br /> to prospective home sites even across the lake from the Chandler <br /> addition. _ <br /> 4. almost the entire area is zoned residential. <br /> 5. all frontage on S. R. 1710 will be adversely effected by the <br /> commercial-industrial, use and or rezoning. <br /> 6. The economic impact will decrease the value of the above 46 acre <br /> tract by at least $S30,000.00 <br /> peo. Craig, <br /> i 9 • <br /> , <br /> appraiser <br /> 1 <br />