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CCP 07-13-1992
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CCP 07-13-1992
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<br />I <br />" <br />~ <br />j <br />,- <br />j <br />, <br />, APPRAISAL RESEARCH ASSOCIATES, LTD. <br /> STEVENSON-EDWARDS & ASSOCIATES <br /> 2310 County Road D . New Brii'hton, Minnesota 55112 <br /> (612) 636-2565 FAX: (612) 633-0394 (612) 633-0779 <br />i May 28, 1992 <br />I <br />I <br />I Mr. Dennis Foster <br /> 1415 Arden Oaks Drive <br />, Arden Hills, Minnesota 55112 <br />I <br /> HE: 4155 Lexington Avenue North <br /> Arden Hills, Minnesota <br /> Dear Mr. Foster: <br /> In accordance with your request, we have completed an <br /> appraisal of the above referenced property for the purpose <br /> of estimating its probable market value in the fee simple <br /> interest. The following written report presents the <br /> findings, analysis and conclusions of this appraisal. We <br /> . have made a complete inspection of the subject property and <br /> have fully identified the real estate in our written report. <br /> After careful consideration of the many factors influencing <br /> value" it is our opinion that the subject property has a <br /> value, as of May 20, 1992, based on the financing described <br /> herein, of: 9\t-J& <br /> V 01' <br /> TJ)~<\.LDN"L.J:S.T.-il!.ATE OF VALUE: p- I ~ ~/ <br /> Market Value: ~ \) <br /> One Million Six Hundred ~ f p V . ~~Y <br /> Thousand DOllar~ ~ <br /> $1,600,000 S ~~ <br /> \ 5-~ <br /> We have no personal interest or bias with respect to the <br /> subjec-: matter of this appraj:;31 report 0::'- th(~ po:.ti c:s <br /> involved. The 2ppraisal is made subject to ,......nr..."":',~'r' <br /> '-~..L ....'-'_.. <br /> assumptions 8nd limiting conditions which are listed in this <br /> report. It conforms with accepted professionnl, ethical and <br /> performance standards of the real estate appraisal pructice. <br /> If you have any questions or comments after reading this <br /> ,. appraisal, please contact us. <br /> This report conforms to the Appraisal guidelines set forth <br /> by, FIERREA, the ace, and the USPAP, as we understand those <br /> guidelines. <br /> ~ <br /> ) <br />
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