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<br />LAND APPRAISAL REPORT <br />MARKET DATA ANALYSIS <br /> <br />IFile No, 2006-0131 Paoe #61 <br /> <br /> ITEM SUBJECT PROPERTY COMPARABLE NO, 4 COMPARABLE NO, 5 COMPARABLE NO, 6 <br /> Address Comanche Creek Rd -See Legal Parcel 1 , St HWY 86 <br /> Kiowa Colorado Ramah Co <br /> Proximity to Subiect ~ ~ ~!I mi!es east of subiect ~ <br /> Sales Price I~ n/a 1 ~ 158,000 Ii !'T,!:::: h <br /> Price I~ I~c Ii -'",if:li.ii., 1 ~ <br /> Data Source Survey, Inspection CountvlMLS/Realtor <br /> Date of sale and DESCRIPTION DESCRIPTION 1+ HS Adiust DESCRIPTION 1+ (.::jt Adiust. DESCRIPTION I +1=l$Adiust <br />- Time Adiustment n/a 11/2005 : : <br />- Location Kiowa/Elbert Ctv Ramah/Elbert Ctv : +10,000 : <br />- SiteNiew 60.16 Acres/Gd CrkV 60 Acres/Pines : <br /> Price Per Acre $2633/ Acre : : <br /> Site Amenities Creek Bottomrrrees Treed SiteNws -10,000 : : <br /> (Pines) <br /> Adiusted $ PerAcre $2383 <br /> Sales or Financing n/a , <br /> Concessions <br /> Net Ad!. 1T0fan fie>:.'.' '.C' il + il :S il.. il- :~ r l + rl- $ <br /> Indicated Value , Y/c;jlj~f~ $ J:.~~". i 1$ -. I ~ <br /> of Subiect . ' 158,000 <br /> Comments: Comanche Creek runs thru subiect 60 acres and is assumed to be in a fiood area however Elbert Countv Does Not Particinate in thE <br /> FEMA National Flood Insurance Proaram, and is not mapped, For Aoricultural oropertv the presence of the creek anneal is strann due to both <br /> the esthetic apoeal and as a natural, much needed source of water far animals and land & for sub irriaation esneciallv in the arid eastern <br /> Colorado climate. <br /> ADDITIONAL COMPARABLES: <br /> Under Contract Comoarables: 1) 24105 State Hinhwwav 86 Kiowa list nrice - $199 950,75,02 Acrestal$2665/Acre No trees or Creek - Ha <br /> a "bia barn", Good Views, Immediate access off Hiahwav 86. 2) Countv Rd 105 & Hinhwav 85, Parcel 6 - Ramah -List mice $129 900 - 60 <br /> acres flj) $2165 per acre. No trees, No Creek, Has mtn WIS. AnentOwned/Develoned. Sinnificantlvfurther east of subiect. <br /> 3) Countv Road 102 and Maul Road -listed nrice !l:1 600000 - 680 Acres (jj) $2353/Acre, Treed ranch with Comanche Creek runnina throuQh <br /> . propertv. Adiudicated water riahts, This narcel is south Hiwav 86 and south of sub'ect. <br /> Unable ta verifv what the contracted price was on the "under contract" oroperties due to realtor ethics and renulations, <br />- <br /> <br />File No, 2006-013 <br /> <br />Cleo Carroll Mezger, Appraiser <br />Form LND,(AC) - "WinTOTAL" appraisal software by a la mode, inc, -1-80o-ALAMDDE <br />