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EXECUTIVE SUMMARY (Continued) <br />DEVELOPMENT PLANS: (Continued) <br />1,296 square feet of living area. The develop- <br />ment will consist of a 6,987 square foot building <br />footprint with a 53% lot coverage ratio and a <br />density of one unit per 3,800 square feet of land <br />area. Each unit will have a two -car garage and <br />private balcony. There will be two on-site guest <br />parking spaces. <br />DATE OF VALUE: <br />DATE OF REPORT: <br />VALUATION ANALYSIS: <br />Sales Comparison <br />Approach: <br />Cost -Summation <br />Approach: <br />Income Capitalization <br />Approach: <br />RECONCILIATION: <br />FINAL ESTIMATE <br />OF VALUE: <br />October 9, 2017 <br />October 13, 2017 <br />$1,065,000. <br />Not applicable. <br />Not applicable. <br />Inasmuch as the subject property consists of a <br />vacant land parcel, the Sales Comparison Ap- <br />proach, as applied to land value, is the only ap- <br />proach considered applicable in the subject <br />case. <br />$1,065,000. <br />LIDGIARD AND ASSOCIATES <br />APPRAISERS -CONSULTANTS <br />2 <br />20D-16 <br />