Orange County NC Website
Memorandum to Orange County Planning Board 44 <br />August 26, 1999 <br />3. What is typical subdivision lot size in Bingham Township? . <br />Major Subdivisions <br />1987 -1994 <br />AVG. LOT. <br />NO: OF LOTS SIZE <br />1994-1998 <br />AVG. LOT <br />NO. OF LOTS SIZE <br />229 <br />2.36 <br />45 <br />4.79 <br />Minor Subdivisions <br />199 <br />4.46 <br />113 <br />3.43 <br />Exempt Plats <br />163 <br />13.87 <br />104 <br />15.14 <br />4. What is the value of raw land sales? <br />W <br />RAW LAND COST /ACRE <br />Location <br />Price <br />Acres <br />Price /Acre <br />Dairyland St <br />$'52,000 <br />7:00 <br />$ 7.429 <br />West Ten Road. <br />$ 28,000 <br />3.75 <br />$7.467. <br />Yarborough Road <br />$ 32,500 <br />4.12 <br />$ 7.888 <br />Flora` Saline <br />$ 25,000 <br />3.07 <br />$ 8.143 <br />Preston Loop <br />$ 22,500 <br />2.74 <br />$ 8.212 <br />Carowill Cou <br />$ 27,500 <br />3.31 <br />$ 8.308 <br />Hawes Road <br />$ 45,000 <br />5.37 <br />$ 8.380 <br />Flora Saline <br />$ 35,000 <br />4.16 <br />$ 8.413 <br />Forest Knoll <br />$ 65,000 <br />7.66 <br />$ 8.486 <br />5. What is the value of lost units? <br />Real estate sales indicate that the value of land per acre does . not <br />appear to deviate significantly based on the amount of units that can <br />be built per. acre. While there is 'a high variability between ' cost per <br />acre, the variability does not directly correlate with units per acre. <br />6. What is the cost of water quality degradation if proposed zoning <br />amendments are not.adopted? (What are the estimated costs for structural <br />measures and water treatment ?) <br />Unknown... <br />g:\bctamend \caneck \pbmem.doc \8- 26 -99Ud1 <br />