Agenda - 09-16-2008 - 5a - Laserfiche WebLink

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~'IG/°O~~l~H~4~ DATA $o The subject property is located within northeastern Orange County, near the Orange- Durham County border. The neighborhood is defined as being the properties along the Terry Road corridor. Although this area is technically classified as being "suburban", in real property terms, the area enjoys many rura# type characteristics. There are diverse residential styles that range from manufactured housing fo large cus#om built homes on large multi acreage tracts. Traffic patterns along Teny Road are moderate, depending on the time of day. T'AX A~a~~S~'E~I17' ,BATA Research into the Orange Courriy public records of the tax assessor's office r®vea#ed the subject property is appraised for ad valorem tax purposes at $111,404.00. The estimated .rest .estate taxes for the subject property are approximately $1,163.06 ~OIIi11VG UArA The subject property is located in an area of the county which is zoned "ARR. This zoning classification Mows agricultural and residential uses. Most of the subject property lies with a watershed area, which further restricts uses. The minimum la# size for residential development is 2 acres. ~v~~cr ~~~~~r~rY r~~scRS~r~~~ The subject property is comprised of a 21.5 acre vacant tract of land. The subject property has been timbered in the past and is generally clear of timber except along the rear of the property. Twv small areas of the property include sapling and undergrowth types of wood vegetation. In addition, thin strips of small to average sized trees are widely dispersed along the northern boundary of the property that is to be developed with the private school. Subsequent to the purchase of the property by the client, the timber waste and stumps have been removed. Timber waste and stump removal are considered to be a signifcant improvement to the property, in my opinion. The subject site fronts along a state maintained asphalt paved road. There is an existing gravel driveway providing access to the subject site from the street. lJnderground electrical power is in place. The topography of the tract generally extends upward from the street to an area approximately 1/3 of the way in toward the rear. from this point, the topography falls toward the rear of the tract. The intent of the client is to build a large custom dwelling. Orange County has approved the tract #ar a 6-bedroom septic tank and water well. The adjacent tract of land, which is the land the proposed private school intends to develop has also been mostly timbered except in areas toward the rear of that tract, and the sporadic trees and vegetation located along the border with the subject property. 9