Laserfiche WebLink
~' <br />' Utilities <br />The presence or absence of utility services can <br />' dramatically affect the prices paid for development <br />land. This is a function of supply as well as proximity <br />to existing service lines. Generally, premium prices <br />' are paid for properties that can be fully served by <br />existing utility facilities. If additional supplies or <br />distribution lines are required, values are <br />' correspondingly lower. <br />Sales Data <br />' I initially examined over twenty five properties that had <br />' sold in recent years. Those summarized on the following page <br />are thought to be representative. Selection was made on the <br />' basis of size, location and proximity to known mineral <br />deposits. <br />The sales occurred between May of 1979 and July of 1984. <br />^ Properties are located east and west of Canon City but <br />generally along Front Range geologic formations. They vary <br />' in size from 72 acres to 2,285.68 acres, but most were 100 to <br />200 acres. Unadjusted unit values range from $300 to $2,426 <br />per acre, the range of greatest frequency being $350 to $650 <br />' per acre. The weighted average (total of sale prices divided <br />by total average) is $484 per acre. <br />Sales 1, 8 and 9 are located west of subject in the vicinity <br />of the Royal Gorge. Sales 1 and 9 are along the main road to <br />the Gorge commercial areas. Sale 1 is being mined for <br />1 quartzite or similar minerals. Sale 8 is a large ranch <br />1 <br />1 <br />13 <br />i 1 <br />