7.24.24 BOA Agenda Packet - Laserfiche WebLink

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relates to homes that are sold with residential development close by. Based upon these studies and the analysis, it is 1 my conclusion and professional opinion that the proposed modification of the special use permit would have no adverse 2 impact on property demand or values. The proposed modification would have no adverse impact on the marketability of 3 the surrounding properties based upon this market study and the analysis. This proposed modification is in harmony with 4 the surrounding neighborhood. This proposed modification would maintain or enhance property values and marketability. 5 The proposed distribution of the land use to move the open space to align with other open space creeks, natural areas, 6 would improve and provide better buffer protection for the existing homes on Scarlett Mountain Road. Based upon the 7 data provided, and the testimony presented, it is my professional opinion that the applicant has met all the requirements 8 and standards of the UDO for you to vote for approval of the modification. I'm open for any questions. 9 10 Leon Meyers: Questions for Mr. Martin? Thank you sir. 11 12 Beth Bronson: I’m sorry, I have one question. All those market analyses, the average comparisons, what was the 13 average parcel size? 14 Jarvis Martin: I’m sorry. 15 16 Beth Bronson: For the case, like the comp evaluations, for 1500 Allen and the Poplar Lane, the development area in 17 the market study, that was developed, what was that average parcel size? 18 19 Leon Meyers: Okay, hold on just a second. 20 21 Beth Bronson: I guess it would be the size of the Ramsley community. 22 23 Jarvis martin: I don't think we included it for Allen, but on Scarlett - yeah, go ahead. 24 25 Walter Snowden: That was not really addressed, simply because of how the research was developed. 26 27 Leon Meyers: Excuse me, sir could you identify yourself? 28 29 Walter Snowden: My name is Walter Snowden. I am a real estate appraiser. 30 31 Leon Meyers: Thank you. 32 33 Jarvis Martin: And Walter assisted with some of the research on this project. 34 35 Leon Meyers: I understand. 36 37 Walter Snowden: How the process was developed, first I looked at things that actually were similar to what was 38 on East Scarlett Mountain Road. Those parcels were 5, 10 acres, 15 acres. So, establishing that, because we wanted 39 like for like, so that way we could really get an understanding of how it would impact a house on a private road with 40 different expectations than something that's in a neighborhood that only has a quarter acre lot. So, there's not an 41 average, because I looked at specific segments, and then went out to a broader market and because we aggregated 42 the data, we kept the individual characteristics for each study, but I didn't necessarily combine it, because it would be 43 like comparing apples to oranges, because it was just too much data. 44 45 Jarvis Martin: But the property on poplar lane, it is 10.48 acres, and we did include that in that description. 46 47 Beth Bronson: Thank you very much. I appreciate that. I think I misconstrued my question in that I’m asking the 48 property being dubbed the development. The planned development in these areas that would've affected it. The size 49 of those development areas. 50 29