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M ye: '- ppraisals, Inc. orol Hill, NC (919)942 -1590 <br />LAND APPRAISAL REPORT Fur No, 075926 <br />Bvrrowsr _ Census Tract 111 Map Reference 3.31.A.7 <br />property Address 1.5 aC: R1CYmil rd R9. <br />City _ Efland _ _ _ _, County e _ Stare NC Zip Cade •- <br />9 <br />u <br />dLegal <br />Desaiption Did. Book 85, Page 483 <br />_ <br />Sale Prins Date of Sale Loan Term y- Property Rights Appa -sed Q Fee ❑ Leasehold . ❑ De M)niutia PUD <br />E <br />C <br />Actual Real FAutsTaxesi (yrJ Loanehargestobepaidbysellers otherselescomessioes assLutle none <br />;, <br />Lendericumt ` he Co mtv Of a Address <br />oempant Appraiser lnshvdieratc Appraiser <br />Laation ❑ Urban ® Suburban ❑ Fun-al <br />Good Avg. Fair Poor <br />2 <br />Hu)1(Up CD Or 75% ©W%to75% ❑UnderZ% <br />EmploymentStabillty El ❑ ❑ <br />Growth Rate ❑ Fully DW. ❑ Rapid ❑X Steady ❑ Slow <br />Conveniana to Employment ❑ ❑X ❑ ❑ <br />Property Values ®Lranaring ❑ Stabb ❑ Dwlining <br />Cenven)enoe to shePlpng ❑ © ❑ ❑ <br />NDemanAsupply <br />❑shorts. ®famwance ❑Warsupply <br />Carrvanleneeteschmis ❑ ❑X ❑ ❑ <br />MarketingTime ❑Under3Mva, ®48Moa. ❑overtimes. <br />AdequagolPublicTarupntstion ❑ []X ❑ ❑ <br />G <br />Pr .tLandUsa 40 %iFemily 0%Z- tFamily g%Apta O%Conde 107.Coaimereia1 <br />RurestianalF' "has ❑ ❑Q E3 C3 <br />W <br />]Q%Wuat:fal-2Q%VamvA -Q% .4ChQ21 - <br />AdequeryofUtilitias ❑ ® ❑ ❑ <br />0 <br />Change inPnxntLandUse ®NaWkely ❑ukely ❑TakingPlaca(e) <br />PropftCompatibility ❑ 19 [] ❑ <br />R <br />W <br />(.)From WA To WA <br />PtotactionfromDetrimenWCorations ❑ ® ❑ ❑ <br />0 <br />Predominantoompancy ®owner ❑ N1_A Tvmmt %veant <br />Mice and FitaPeoWtioo C3 © ❑ C3 <br />0 <br />ingle Family Prim Range s 35iQ00tos_90.000Ptedominantvdws 65, 000_ <br />0--- 1APpearanaofProperties ❑ ❑X ❑ ❑ <br />'ngleFamilyAge i1L'Wymte 30 y PredomivantAge 20 ym <br />AppealteMerket ❑ ® ❑ ❑ <br />Rld=nd Rcad ].S jD the <br />y <br />Commmtsindud )ngthmefactwaf■voablecruaf awni ble. offactiogmar ketability (e4.PubUoPorki+lwlt "iew.noise) <br />st�burtan area between E and Mebane. 11; is ccrmenieM <br />to other ties and their ma'or <br />1 g%Urt art I-85 1 mile . Public 59x79 is in : Demand or <br />residential propertne in the area a=e= av e. No visible miqhb=hQW Rnblws. <br />Dimensions See SU & TaX Map AddW4a _ -- ' ?6jRYpracrq C] CornsrLee <br />rvev <br />Zoningelassifiiation TIM Zoned Pnaentimprevemaets ❑de ❑donotconformtozoningragul-tiow <br />FLahestandbastuta: ®Presentusa other N <br />Public other(Demibe) 0FFS1TEJ)6WVEKEM Tops roll' - - - - - -- - <br />' <br />Elea_ ❑X N/A SermtAcm= ©ftwe ❑Private Sire 1.5 ac <br />S <br />can ❑ N/A _ Surface a el shape see attached and Ada <br />s. <br />ate ❑ N/A _ M.FDunane� ®Pubbe ❑ Ft'%ta v-mw � avg[sdx�vl adjacent — <br />Sewer ❑ N/A ❑ Sterm Sewer ❑ C=b Gna r Drainaga W visit e prpblems <br />s <br />❑Undervoundvad. &T.L SWrwalk 9tteet ' to y pnpgr( y► acatadlnaiiUDidmtified $pedalF)eedI3arardAteal ®Ne ❑Yes <br />is <br />;j: <br />oa cgMffl :g <br />Comments( faveraWeorunfawrableinrludingarryappnueotadvcaae�pmentx.. aaeedtmanttoretbuadvaeseanditton >) NO adverse Or <br />em were noted at 1nspBctj= cr on attadga Surkm AdderdLmt. gffffir easement is not <br />_=ghMg= <br />tiered adverse. Access to LtLdvllcind R3 does is not on of the <br />This rt asd � access is av- aM <br />�` <br />underzignedbasrectedtluwroantmlm fpmm4A4smodaimilarandpt A= tmtvanbjedwAhuema( dwathminthema rketanelys (aTbe description ioelndeaa&Bar <br />adjustment. ref lectingwarket ruetientett waaifamaefsigalllaatvarirtimbet+ remtiuwbjectandcemparab4Fvopntfea. ) fasigtdTuswtitemiatheaempanblepropeeeyia <br />?superiorte. <br />ormorefaverablethaathambjeetprepnrrty .am) ens(-) adjust meatistnuL. tbuar. dndagthsiodiatednlwofthaanbjaeh, lfasigntfantitaminthammpe&Neia <br />inferiate.orlessfaw bleth ant) wiubjactpmPwty. aplus(+) adju+t mantismade. thusiamoodneth atndkatedvalveofthesubjeek <br />rmm Sub' <br />COMPARABLENO.1 <br />cOMPARABLENC.2 <br />COMPARASLEN0.3 <br />a <br />' c hmx d Road <br />3 Blk A Efl and Estes <br />66-73 B1 C Perry H1S <br />75-78 BI B Perry HLs j <br />A. <br />3.31A..14 <br />3.12B.B.4B <br />3.12B.A.7 <br />R <br />j; <br />E <br />mi m ub:,..,. <br />.... <br />s <br />, r <br />esPiiee <br />s 8 500 <br />s 9.000 <br />s 8,000 <br />Q, <br />A <br />Pub Roc 74813 70 <br />D.tasenne <br />Cg1 <br />Public Rearr3 <br />8 60 <br />Pub ReC 802 /621 <br />D.taer .end <br />Dl;sCPJP)oN <br />D <br />Ad nt <br />D ON <br />AdiLQnst <br />DFSCR1 014 <br />Ad eat <br />T <br />9/89 <br />9 $8 <br />+500 <br />8/89 <br />0 <br />7189 <br />0, <br />a <br />1°ei°t't <br />N <br />Laa tim <br />a <br />0. <br />•td+rew <br />.5 ac a <br />.98 aC <br />+ 000 <br />1.4 ac <br />0 <br />3 a <br />+3 000; <br />Y <br />S <br />4 <br />vw <br />gg��eaerYinuuittg a ame . ilCt�e nt7[]e none j <br />Carxxswons nfJf'le 0 0' <br />NetAd BPI= Qmi.UJ$ 2,5 00 Plus Wage 0 Plus Minuas 3 0001 <br />efSu�j�attVrti. <br />11,000 9 000 s 11 000' <br />CommenteenMarketwa. All sales are from the Qe7)P d3 �irx' � area. <br />Jf: <br />it <br />. CommentsendCand(tioneofAWaisel: See attAgW Deflrdtic_n o Value, �flgt_• C=1MMM -and - <br />li <br />awdit' t7tA Tax M. alt sari i2 atim <br />0 <br />W <br />C <br />Finall1ownciliation: Sale I is a ggMg irdicatcr due to pMdaity. 9410 2 also y�1 strora cDf15]der- <br />t; _ <br />( ation due to sit more similar to the sub iect. Sale 3 adds _st�� orx;L. -S-LTM rt. <br />A <br />)F".a`PQAATETHE Rx>:;VAWR.ASDEFWW.OFS PROPFR3YASoF r ] 3 18 89 teb.s 10,000 _- <br />I) - , Review Appeai>•r0f applinsbW <br />George W. Meyer, Jr. ❑ Did ❑ Did NaPhysially hM0d PmP§rW <br />