Orange County NC Website
113 <br />. Mgghed Pair -- White Cross SolAr Farm QUO HM-- H <br />10 <br />A new solar farm was built at 2159 White Crass Road in Chapel Hill, Grange County in 2013. After <br />construction, the owner of the underlying land said the balance of the tract not encumbered by the solar <br />farm in duly 2013 for $265,000 for 47.20 acres, or $5,606 per acre. Mis land adjoins the solar farm to the <br />south and was clear cut of timber around 10 yews ago, l compared this purchase to a nearby transfer of <br />53.09 acres of timber land just south along ate Cross Road Uiat sold in November 2010 for $361,000, or <br />$6,109 per acre. After purchase, this land was divided into three rain{ farm tracts of 12 to 20 acres each. <br />These rates are very similar and the dif brence in price per acre is attributed to the timber value and not any <br />impact of the solar farms. <br />Type TALC i D Owner Acres Datt Price $/Aare Noted Conf By <br />Adjoins Sa4ar 9748336770 lia erty 47,24 Jul -18 $265,OHOQ $5.614 Clear cut Betty Cross, bmki-r <br />Nest Near Solar 9747184527 Purcell 59.09 Nov -10 $361.000 $6.109 Wooded Diclde Andrews, br*W <br />The difference in price is atttibuted to the trees on the aidcr sale, <br />No impact noted for the adjacency to a solar farm according io the broker. <br />1 tooked at a number of other titer lanai sales without proximity to a solar farms for this maw -bed pair, <br />but this land sale required the least allowance for diffemnues in size, utility and location. <br />Matched Fair Summary <br />Sales MCC <br />Adjustment for Timber <br />Adjusted <br />Tract Size <br />PPweentage Differences <br />#median Price Per Acrc <br />Adjoins Solar 1~ arm <br />Average <br />Median <br />$5,614 <br />$5.514 <br />&,5005U0 <br />$ft,1l4 <br />�Cr,114 <br />47,20 47,20 <br />0% <br />Nearby Solar Farm <br />Average Median <br />$6,109 $6. 109 <br />59-09 59.09 <br />This matched pair aguish supports the conclusion that adjacency to a SOW fermi has no impact on adjoining <br />residential/agricultural laird. <br />Matched Fair - Waptaff Farm x <br />This solar farm is located at the northeast corner of a 594- farm# with apprwdmately 30 acres of solar <br />farm area. This solar farm was approved and constructed in 2013. <br />After approval, 18.82 acres were sold out of the parent tract to an adjoining owner to the wrath. "{'his sale <br />was at a aimilar price tD nearby land to the east that sold in the same time from for the saute price per a <br />as .shown below. <br />Type TAX Iii Owner Acres Present Use Data sold prier SING <br />Adjoine Solar 0918 -17 -11 -7960 Piedmont it3,82 Apiculrtt.ural 811912013 $16i,tM ;$88.714 <br />Not Ncar Sour 0918 - 00-75 -9812 ct al Mackwell 14..K5 Apiculfu ural 12/27/2013 $[31{,000 $R.7,ig <br />