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BETTENDORF ROHRER KNOCHE WALL,INC. <br /> I <br /> IANALYSIS OF RAW ACREAGE COMPARABLE SALES <br /> IOn the preceding pages have been presented four sales of raw acreage in the Orono market <br /> area. These sales are the most recent and best available from which to ascertain a reasonable <br /> Iindication of the subject raw acreage value. The comparables are summarized in the following <br /> exhibit. <br /> I <br /> RAW ACREAGE SALES <br /> I <br /> Subject 1 I 2 3 4 <br /> Location: Wildhurst Trail, Watertown Rd., Old Crystal Bay 115 Old Crystal 46XX Bayside, <br /> I Orono Orono Rd., Orono Bay Rd., Orono Orono <br /> I Sale Date NA 6/93 2/95 9/92 4/96 <br /> Sale Price: NA $237,000 $375,000 $120,000 $185,000 <br /> I Land Area (acres): 10.19* 15.0 15.83 8.0 14.73 <br /> Zoning: LR-1B RR-1B RR-1B RR-1B RR-1B <br /> I Topography: Woods, steep Level, open Wooded, level Open, level to Rolling, woods, <br /> rolling lake view <br /> I Sanitary Sewer: No** No No No No <br /> City Water: No No No No No <br /> I Price/Acre: NA $15,800 $23,689 $15,000 $12,559 <br /> Excludes Lot 58. **Sewer not immediately available to raw acreage. <br /> I <br /> I The comparable sale prices range from $12,559/acre to up to $23,689/acre. A value <br /> indication for the subject raw acreage is estimated after making adjustments to the <br /> comparables. It is noted that none of the comparables has sanitary sewer. The subject raw <br /> I acreage does not have sewer immediately available. The subject acreage will be compared to <br /> the comparable sales as an unsewered site, for purposes of analysis. The sales adjustment <br /> chart is on the following page. <br /> 1 <br /> I <br /> 43 <br />