12.10.25 BOA Agenda Packet - Laserfiche WebLink

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230 The home at 920 Snow Hill Road sold on 4/25/14 which was two years after the Lucas Middle School opened. That home sold for $168,500 with a $3,500 financing concession for an effective sales price of $165,000 for a 1,524 square foot two-story dwelling built in 1985 with an attached two-car garage all located on a 0.572 acres. The indicated sales price works out to be $108.26 per square foot of GLA. This is a three bedroom dwelling with two and a half bathrooms. The property also includes a detached 1 car garage/workshop. MLS write up indicates the property"needs a little love." I compared that sale to 605 Infinity Road that sold on 6/19/14 for $175,000 with a $5,000 financing concession for an effective sales price of$170,000 for a 1,662 s.f. two-story dwelling built in 1994 with an attached two-car carport on a 0.51 acre lot. The indicated sales price works out to be $102.29 per square foot. This is a three bedroom dwelling with two and a half bathrooms. The property includes a large deck and stone patio and is noted as"move in ready." No adjustments applied to these sales shows no impact on the Snow Hill property,which in fact sold for more per square foot. Adjusting this comparable upward by $5,000 for the inferior carport, downward by $7,875 for age, downward by $8,500 for superior upfit/condition, but upward by $5,000 for lack of a detached garage, the indicated adjusted comparable value is $163,625, or $98.45 per square foot as compared to the Snow Hill Comparable at$168,500, or$108.26 per square foot. This matched pair shows no negative impact due to the proximity to Lucas Middle School. i f 2 � ! s i f - -r 0 { f Dtif'�]r?R]VDtfF] + P i. 7 I also looked at 1009 Snow Hill Road which sold on 12/19/2017 for $170,000 for a 1,539 s.f. one- story, brick dwelling built in 1972 on 0.84 acres. This brick ranch indicated new paint and flooring