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adjusting for differences between the lots on the Property and
those of the comparables, Mr. Avery assigned a value to each of
his lot categories.12 Petitioner's experts, however, did not
categorize the Property in the same manner. Mr. Segel and Mr.
Handverger both used an average price for all of the lots,
estimating that the lots would sell for $200,000 on the average.
Their estimates are based on comparable sales data, which
utilized lot sales from various subdivisions in Framingham,
Southborough, and Marlborough and relied primarily on sales data
from Framingham. Mr. Dallamora, on the other hand, categorized
the lots based upon their location. Relying on his real estate
sales experience in the area, Mr. Dallamora estimated that the
sale price of lots in Framingham and Southborough would be
$175,000, and the price of lots in Marlborough would be $150,000.
Respondent contends that petitioner's use of an average
price per lot does not account for the differing attributes of
the various lots and, thus, Mr. Avery's categorization method
yields a more accurate estimate of value. However, due to the
large number of lots, even Mr. Avery's five categories could not
12These are the lot categories and prices Mr. Avery
estimated for the Property:
Standard Marlborough (17) $150,000
Standard Framingham (60) 165,000
Marlborough pond (9) 165,000
Framingham pond (15) 181,500
Framingham oversize lots (6) 250,000
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