Laserfiche WebLink
<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br />MARKET APPROACH <br /> <br />The Market Data Approach is based on the <br />principal of substitution, which notes that <br />"when a property is replaceable in the market, <br />its value tends to be set by the cost of <br />acquiring an equally desirable substitute <br />propen:y, assuming no costly delay in making <br />the substitution." In this approach, <br />properties of a similar nature which are sold <br />within a reasonable length of time are <br />collected. Adjustments are made to these <br />sales when needed, and the appropriate units <br />of value are applied to the subj ect property <br />to arrive at an estimate of value. <br /> <br />Land Sales: <br /> <br />#1 <br />LOCATION: <br /> <br />LEGAL: <br /> <br />SALES DATE: <br />ZONING: <br />SELLER: <br />BUYER: <br />UTILITIES <br />PURCHASED FOR: <br /> <br />COMMENTS: <br /> <br />SALES PRICE: <br /> <br />2381 Rosegate (NW corner of North Highway 36 <br />Service Road and Rosegate), Roseville, Minnesota <br />That part of Lot 1, Block 2, Gateway business Park, <br />lying easterly of the S'ly extension of the west <br />line of Lot 3, Block 2, containing 197,338I SF <br />(4.53I acres) <br />5/1999 <br />PUD <br />Opus Northwest <br />Sebesta Blomberg and Associates <br />All to site except trackage <br />Construction of an office building for the buyers, <br />which is now on site. <br />The tract is somewhat irregular in shape and <br />rolling. There is asphalt access and freeway <br />access (I-35W) about 3/4 mile north. The property <br />has visibility from both I-35W and Highway 36. <br />$798,102, or $4.04/SF <br /> <br />PHOTO <br /> <br />9 <br /> <br />e <br /> <br />. <br /> <br />. <br />