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12.10.25 BOA Agenda Packet
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12.10.25 BOA Agenda Packet
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12/4/2025 11:13:20 AM
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BOCC
Date
12/10/2025
Meeting Type
Regular Meeting
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Agenda
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225 <br /> I have compared this home to 703 Dewey Road which is a 1,602 s.f manufactured home built in <br /> 1994 with three bedrooms and two bathrooms on a 1.88 acre lot that sold for$125,000 on June 30, <br /> 2019. This works out to be $78.03 per square foot. This is a nearby similar manufactured home, <br /> but it also adjoins land owned by Orange County that is in close proximity to Seven Mile Creek <br /> Preserved open space. Furthermore, Dewey Road is an easement at this location with minimal <br /> traffic. Adjusting this price per square foot downward by 5% for the smaller size and 10% for the <br /> preserved adjoining land, I derive an adjused price per square foot of$66.33 per square foot. <br /> I have also compared the subject property to 915 Buckhorn Road in Mebane. That manufactured <br /> home includes 1,165 square feet with three bedrooms and two bathrooms that was built in 1994 on <br /> 2.21 acres. This home sold on June 1, 2018 for $95,000, or$81.55 per square foot. Adjusting this <br /> value per square foot downward by 15% for the significantly smaller size, I derive an indicated value <br /> of$69.31 per square foot. <br /> Finally, I considered 6334 Olde Scarlett Court which is a 1,976 square foot manufactured home <br /> with four bedrooms and three bathrooms built in 1999 on a 1 acre lot that sold on June 22, 2018 <br /> for$132,500. This works out to $67.05 per square foot. This is a similar size, age, and lot size and <br /> requires no adjustment. <br /> All three of those comparables show no impact on Parcel 10 due to the adjacent rural school site. <br />
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