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OCPB agenda 080316
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OCPB agenda 080316
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8/3/2016
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OCPB minutes 080316
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14 <br /> <br /> <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 /> <br /> <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 /> <br /> <br />Nearby Sales Adjusted <br />TAX IDOwnerDate SoldSales PriceAcresBuiltGBAStyleParkingTotal <br />099B A 019DurranceSep-12$165,000$0-$825-$39,127$0$0$125,048 <br />099B A 021BerrymanApr-12$212,000-$7,500$4,240-$47,583$0$0$161,157 <br />090O A 060NicholsFeb-13$165,000$0-$825-$31,892$0$0$132,283 <br />090N A 040CarrithersMar-15$120,000$0$600-$2,952$0$0$117,648 <br />099C A 043CherryFeb-15$148,900-$7,500$2,234$94$0$0$143,727 <br />Average$165,500-$1,875$798-$30,389$0$0$134,034 <br />Median$165,000$0-$113-$35,510$0$0$128,665 <br />* I adjusted all of the comparables to a base line 2011 Year Built and 1,586 s.f. based on Lot 12 <br />Adjustments* <br />Matched Pair Summary <br />Adjoins Solar Farm Nearby After Solar Farm <br />Average Median AverageMedian <br />Sales Price $134,975$130,000 $134,450$134,450 <br />Year Built 20052005 20092009 <br />Size 1,6191,591 1,6061,606 <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 /> 135
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