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Location 1 11/93 RA-PD 90 $11,722.7 18-04-03, TL 8400 SW Hills between Warren St. & Bailey Hill Road 2 ': 3/93 is? 1°o Easts deB .tonRoad west of Sundial 3 2/97 ~-PD 91.71 $22,300 18-04-11, TL 302 ~W Hills- Timberline & Wa~en 4 7/97 ~;;:;~ ~ ~ $~;3~8 ::: ~8~03}16~30~ SEHilh. Di0ardRoad 5 11/95 RA-PD 65.31 $19,905 18-03-03, TL 106 SE Hills - S. terminus of Henderson Avenue 6 : 5/98 : $18,571'! :18~03¢03 *L 106 SE Hills- S: te~inus of ~ :::: :' Henderson Avenue 7 6/97 ~-PD 43 $17,857 18-03-20-2 I, Extends southerly ~om TL 101 Matin Street Subj: 3/00 AGT 100 : 2: 18-03~10, TL 700 Northerly side of3ffh :: .: : : .(Pad) Ave., eastofSpring Blvd. * 1 The price per acre orS11,722 was for the land inside the ciW limits. '2 The price per acre included 12.30 acres ouBide the UGB. The price per acre for the 22.70 acres inside the UGB was $25,925. General Discussion of Comparables ' Sales 1 t~ough 7 involve a wide range of sizes and unit prices, which is Wpical for south hills subdivision land. There have been relatively few recent sales of large, residentially zoned l~d parcels in the south hills, particularly in the southeast hills, that offer reasonable comparability to the subject. The above sales r~ge in size from 19.69 acres to 91.71 acres. By comparison, the subject land parcel contains approximately I00 acres. The time frame of the sales is 3/93 to 5/98. Two of the sales took place in 1993, one in 1995, t~ee in 1997, and one in 1998. The per acre price range for the sales is from $11,722 to $25,925. Analysis of Sales - Sale 1 involved 90 acres inside the City of Eugene and 122 acres outside the city and outside the UGB. It is similar to the subject with regard to topography and access. The major differences between this sale and the subject are size and the time factor. With regard to size, a comparison of Sales 1 and 2 indicates a 56% difference in price per acre between Sale 1, a 90 acre land parcel and Sale 2 a 27.44 acre lm~d parcel. Other factors likely entered into the unit price difference, however, most of the difference is believed attributable to the size difference. With regard to the factor of time, Sales 1 and 3 are nearly the same size. Sale 1 took place in late 1993 and Sale 3 took place in early 1997, a time difference of approximately 3.25 years. The two sale properties are quite similar, therefore, most of the Chades P. Thompson & Assoc., Inc. C-McDougalLand 300 19