CCP 04-29-2002 - Laserfiche WebLink

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I Ie I I I I I I I lit I I I I I I ~ I Market Value is defined C0 the most probable price which a properLY should Dring in a comDetitive and open market under all conditions requ~site to a fair S2-,-e, "[he buyer ano seller each aCLlng prudently, knowledgeably and assuming the price is nOL affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are typically motivated. 2. both parties are well informed or well advised, and each acting in what he considers his own best interest. 3. a reasonable time is allowed for exposure In the open market. 4. payment is made in terms of cash and U. S. dollars or in terms of financial arrangements comparable thereto. 5. the price represents a property sold unaffected by sales concessions granted sale. normal consideration for the special or creative financing or by anyone associated with the PROPERTY RIGHTS APPRAISED: The interest being appraised is the estimated value simple interest, subject to any outstanding rights. outstanding right on this properLY is the power line the westerly portion of the property. of the fee The main located on LEGAL DESCRIPTION: The property lies in the Northwest Quarter of Section 21, Township 30 North, Range 23 West. The undersigned has not been able to obtain a formEd legal description of Lhe subj ect tract. I\t tached in the addendum of the report is a layout of the subject tract as provided by the City of Arden Hills. Based on this information and also based on the county information regarding the descriptions of the property involving their property 2