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PIN # SALE ADJ.' SIZE SIZE S/ACRE $/SF I. ND WDED LEGAL DATE PRICE ACRES SQ.FT. ZNG S&W /:ONI~ 8 19242200101 21-May-89 . $33~18.2. 2.241 97~680 $14~813 $0.34 SFR L5B1STANHOPERVR. HILLS 125210005 16-Aug-Sg $27,00.0 1.80 80~000 $15~000 $0.34 SFR W L3B1 FORD BROOK ESTATES 2252.40005 15-Jun-89 $22r000 2.32 100,979 $9~483 $0.22 SFR WLIB1GREENVALLEY2NDAD 425430006 29-Au~-89 $19~400 2,35 102~366 $6,255 $0.19 SFR W L1B1 PINE COVE ;_?'25110006 lO-Jun-88 ,$25~000 2.50 108~861 $10~000 $0.23 SFR W L2B1TRANBYTERRACE 725110007 23-Sep-88 $25,000 2.51 109~415 $9~960 $0.23 SFR L3B1 TRANBYTERRACE 825340002 23-Mar-88 $21~800 1.70 74~052 $12~824 $0.29 SFR L282 OAKRIDGE ESTATES 1425230013 30-Jan-89 $26f500 1.42 61~875 $18~662 $0.43 SFR L3B3OAKWOODHILLS 142532 7&B 4-Oct-89 $21~500 2.50 108~900 $8~600 $0.20 SFR W L3&3AB1OAKWOODHILLS 1 7251 20011 17-Dec-88 $21 ~500 2.32 100~980 $9~267 $0.21 SFR L584 OAKRIDGE ESTATES 17251 30003 15-Ma.y-89 . $21 ~400 2.56 111 ~1 08 $8.~359 $0.19 SFR 1_884 OAKRIDGE ESTATES 1825120008 '1S-May-88 $23~900 2.35 102~175 $10,170 $0.23 PUD L2B5NORTHFORK 1825130011 15-Jul-89 $25~575 3.30 143~748~ $7~750 $0.18 SFR L4B1 NORTHFORK2ND 1825220009 15-Ma¥-89 $20.000 2.22 96r525 $g~o0g $0.21 PUD W L1B4NORTHFORK 2925410012 2-Apr-8g $20~146 2.90 126~324 $6~947 $0.16 SFR L4B1 ALPACA ESTATES 3RE 2925410018 6-Aua=-89 $33~000. 2.33 101~354, $14t163 $0.33 SFR L384 ALPACA ESTATES 3R[ AVERAGES ZONE 8 $24~181 2.33 101r646 $10~829 $0.25 I As the table above indicates, the average lot value per property in Zone 8 is $22,200.00 and had a lot size of approximately 2.34 acres. The average value per acre of these properties would be $10,300.00. The lot value indicated by the extraction method in Zone 8 resulted in a lot value of $17,500.00. Since there is a wide variation between the $22,200.00 value indicated by the vacant lot sales versus the $17,500.00 lot value by the extraction method, the assessor investigated these sales more closely. The assessor found that many of the lot sales which were involved in the sample were wooded lots, and that many of the sales which were involved in the extraction method which were improved sales were not on wooded iots. Based on these sales, the assessor found a matched pair for wooded lot versus an unwooded lot in this zone or neighborhood and found that the market was paying $2,500.00 more for a wooded lot. After adjusting sales in the sample above to arrive at an indicated value or average for an unwooded lot in this zone, the value arrived at was approximately $19,500.00 per lot. Applying the 90% multiplier to this value came to an indicated lot value of an unwooded lot in this neighborhood at $17,500.00 which is the base value for this zone or neighborhood. The base lot size in this zone is 2.5 acres because of the average in the table above and the fact that most of the improvements built in this zone were required to have minimum lot size of 2.5 acres. Lots substantially larger than 2.5 acres were valued at a per acre basis for the additional land. The next zone or neighborhood to be discussed would be Zone 9. Zone 9 can best be described as those properties located in the cluster homes of Flintwood Hills. Each of these houses is located on a small lot with a common driveway shared with four properties. The improvements consist almost entirely of split foyers of approximately 1,000 square feet or less in size with a two car garage. Since no land sales of these individual lots existed in the 1989 survey, the only method of arriving at a lot value would be the extraction method described previously. This method rendered a value of $5,000.00 per lot. 13