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LAND/POND VALUE (Continued) Sale 4 is a summary of the two acquisitions from Witte Transportation Company of the 26.7 acres now for the most part developed with the Rosedale Square and Rosedale Square North complexes. They sold at the time adjusted rate of about $4.82 per square foot. The subject land is part of the 10.2 acres acquired in April, 1988 at the rate of $3.94 per square foot. After allowing for the "rear lying" location and office type use for the subject land, as well as recognizing the adverse soil conditions and sloping topography features, the indicated value on a current basis for the subject land is about $4.00 per square foot. The 10.2 acre part of Sale 4 sold in 1988 includes the .91 acres of Oasis Pond area. The net developable land area, excluding Oasis Pond, is about 9.29 acres. On that basis, the t a,3jasted sale price was at the rate of approximately $4.32 per square foot, excluding Oasis Pond. Again, the subject value contribution would be about s$00gpersquaretopogrphfoot because of the adverse soil conditions a o P Sale 5 in August, 19C7 is of a .7 acre office building site at County Road "D" and highway 88 at a price of $3.61 per square foot of land area. The subject by comparison has a superior location and a pond view but is inferior in soils/topography and access/visibility. Indicated value after adjustmejits is about $4.05 per square foot. f I 35W and County Road "C" in October, Sale 6 at the corner o king Company property at a price 1987 is of the former Ruan Truc of about $3.80 per square foot. The property is adversely affected by the NSP easement along the south property Line. Also, the subject has the favorable pond view. These items are for the most part offset by the superior qualities of the sale site which include location, access/visibility and soils/topography. Indicated subject land val,ie of just over $4.00 per square foot. Sale 7 is of the 30.86 acre tract of land at t e corner88 attof Lexington Avenue and Woodhill Drive in April, reported average price of about $4.54 per square foot. The property is in the process of being developed with luxury apartments and townhomes, and a 20,000 square root neighborhood retail center is in the planning stages. The subject land by comparison has similar location and use qualities but is inferior in access/visibility and soils/topography. Indicated subject value of just over $4.00 per square foot. 0 35