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are more persuaded by Dr. Friedman's adjustment for the better
location of the comparables, and we shall apply negative
adjustments of 40 percent to BL1, BL2, BL4, and BL5 and a
negative adjustment of 10 percent to BL3 for location in order to
determine the value of the Bates Center land.
Dr. Friedman adjusted the comparables for size and zoning.
He applied negative size adjustments of 10 percent to the
properties he used as comparables (BL1 and BL4) because they were
smaller than the Bates Center property. He also applied negative
zoning adjustments of 20 percent to these properties because they
were zoned C-4 (commercial) and the Bates Center land was zoned
R-2 with a church variance. We are convinced that these
adjustments are reasonable and shall apply negative adjustments
of 10 percent to all the comparables due to their smaller size
and shall apply negative adjustments of 20 percent to BL1, BL4,
and BL5 because they were zoned C-4 (commercial) in order to
determine the value of the Bates Center land. BL2 and BL3 were
zoned R-3 and R-2, respectively, at the time of their sales;
therefore, we conclude that they require no adjustment for
zoning.
Mr. Cantrell adjusted all of the comparables under "other".
Mr. Cantrell, however, only explained the "other" adjustment as
it related to BL1 and BL2--he made the adjustments in order to
adjust for the motivations of the seller/buyer. We are convinced
that the adjustments for motivation of seller/buyer are well
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