- 18 -
were presented as most comparable by Wheeler do not appear to
apply to this analysis.
From the limited information regarding the conservation
easement sales in Wheeler's 1998 report, it is difficult to
surmise that any of these conservation easement transactions were
comparable to the MLR easement. The limited information
regarding the conservation easement sales also makes it difficult
to determine whether any of the underlying properties involved in
these sales were comparable to petitioner's property. Because of
the limited information in Wheeler's report, we place no reliance
on the conservation easement sales transactions.
Wheeler included 31 sales of easement-encumbered property in
his 1998 report. The diminution percentages attributable to the
conservation easements involved in the 31 sales were derived by
an analysis of either easement-encumbered property sales or
paired sales. Four of the thirty-one properties in this analysis
appear to be comparable to petitioner's property. These
properties are numbered 38, 58, 61, and 63 in Wheeler's report.10
Each of the properties appears to have excellent potential as a
recreational homesite, high recreational amenities, and
conservation easements that are similar to the MLR easement. In
addition, the properties were located in markets with a high
10Properties 58, 61, and 63 are numbered 59, 62, and 64 in
the addendum to Wheeler's report.
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