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15 F. H. CRAIG • <br /> REAL ESTATE ASSOCIATES <br /> P. 0. BOX 553 <br /> CHAPEL HILL,NORTH CAROLINA 27514 <br /> REALTOR.' (919)942-7234 <br /> RESIDENTIAL SALES,NEW CONSTRUCTION, INVESTMENTS&APPRAISALS <br /> 28 May, 1985 <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 /> Indus y 4iial. <br /> Cone: 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. ' ith approximately 720 front feet <br /> directing facing the 1200 ft of. road frontage belonging to J. 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 /> S. 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 $$30,000.00 <br /> P . Craig, <br /> ppraiser [� <br /> • <br /> • <br /> • <br /> • <br />