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<br /> Property Address xxxx Lake Johanna Boulevard Census Tract 0408.03 LENDER DISCRETIONARY USE
<br /> Citv Arden Hills Countv Ram s;;- State MN liD Code 55112-3669 Sale Price I
<br /> Leoal Descriotion Lake Johanna Woods Lot 2 Date
<br /> Owner/Occu ant Arlene Boutin M, Reference Kinns Man:93-2D Mortgage Amount I
<br /> Sale Price $ N/A Date of Sale N/A Property Rights Appraised Mortgage Type
<br /> Loancharoesfconcessionstobeoaidbvseller$ N/A 0 Fee Simple Discount Points and Other Concessions
<br /> R,E. Taxes $ N/A TaxYear N/A HOA SIMo N/A 0 Leashold Paid by Seller I
<br /> lender/Client Private Partv R Condominium (HUDNA)
<br /> PUD Source
<br /> LOCATION DUrban (SJ Suburban ~ Rural NEIGHBORHOOD ANALYSIS (;00" "" Fo;, Poo'
<br /> BUilT UP [gJ Over 75% 025-75% OUnder2S% Employment Stabilily 0 0 0 0
<br /> GROWTH RATE o Rapid [gJ Stable o Slow Convenience to Employment 0 0 0 0
<br /> PROPERTY VALUES o Increasing [KJ Stable o Declining Convenience to Shopping 0 0 0 0
<br /> DEMAND/SUPPLY RShortage ~lnBalance RoverSUPPIY Convenience to Schools 0 0 0 0
<br /> MARKETING TIME Under 3 Mos X 36 Mas Over 6 Mos Adequacy of Public Transportation 0 0 0 0
<br /> PRESENT lAND USE % LAND USE CHANGE PREDOMINANT SINGLE FAMIL YHOUSING Recreation Facilities 0 0 0 0
<br /> Single Family ~ Not Likely 0 OCCUPANCY PRICE AGE Adequacy of Facilities 0 0 0 0
<br /> 2-4 Family - Likely 0 Owner 0 $(000) (yrs) Property Compatibility 0 0 0 0
<br /> Multi-Family ---. In process 0 Tenant 0 170K Low New Protection from Detrimental Condo 0 0 0 0
<br /> Commercial ~ T' Vacant(0-5%) 0 900+K High 70 Police & Fire Protection 000 0
<br /> Industrial 10% Vacant (over5%) 0 Predominant General Appearance of Properties R~RR
<br /> Vacant 5% 350K 40 Annealto Market
<br /> Note: Race or the racial composition of the neighborhood are not considered reliable appraisallactors COMMENTS.See Attached Addendum.
<br /> Dimensions 58.89 X 91.86 x 258 X 149.41 X 233.67 Topography Slo"innflow land
<br /> Site Area 33,985+/ Square feet Corner Lot Interior Size Lara-er than t ieal
<br /> Zoning Classification R-' Sinqle Family Residential Zoning Compliance Yes Shape Rectannular
<br /> HIGHEST & BEST USE: Present Use Yes Other Use Drainage Annears Adenuate
<br /> UTILITIES Public Other SITE IMPROVEMENTS Type Public Private View Residential/Lake Johanna
<br /> Electricity 0 Street Asphalt 0 0 Landscaping Vacant lot
<br /> G" 0 Curb/Gutter Cement 0 0 Driveway Vacant lot
<br /> Water 0 Sidewalk None 0 0 Apparent Easements Drainane, utilit , pondinq
<br /> Sanitary Sewer ~ Street Lights Overhead P1 R FEMA Flood Hazard Yes~ No
<br /> Storm Sewer Allev None FEMA'Man/Zone C
<br /> Comments (Apparent adverse easements, encroachments, special assessments. slideareas,etc,) See Attached Addendum_
<br /> The unoo..ignoo ".. ,"c,too tnr.. roconl ..Ies 01 properl;., mo,t "m,lla' .00 p,o"m"e 10 'Ubl'01 .no has oon,ioo,ed '''e,. ,n t". mar..t 3n31ysis T"eoHcriptjoninoluoesaoollor
<br /> adjustmenl, rolloclln9 ",,,,ot r..ot,on to those i1<m. of 'ignJt,o.nl ,.ri.llO" ~.twe." In. ,"OJ''! '"0 oomp.<oble prop.l1;., If a S1gnilio.nl ilOm In lhe compar.ble prop.rty is '"porio,
<br /> 10,0' mare lavor.ble lil.n, th. subfect property, a minus (_j .dlustmeot" m.d.. tnu, "0"""9 t'" ,ndlc.led ".1"< ot subj'CI. ir, .,gniricant item i" t"e comparable is ,ofoTior 10.
<br /> 0' I. S5 r 0 v 0 r 3 b I e 111" n, 1I1 e '" b lee I pro p e, t y. a pi"' (. ) a" i u, tm e n t " m 0 ~.. t n u, In" e." n g I h. ,"<I, c, t e ~ va I uo of the sub I' 01
<br /> ITEM SUBJECT COMPARABLE NO 1 COMPARABLE NO 2 COMP,ll,R,ll,BLE NO 3
<br /> xx Lk Johanna Blvd 3809 New Brighton Boulevard 40XX Valentine Court 1474 Dawn Circle
<br /> Address Arden Hills Arden Hills, MN 55112 Arden Hills, MN 55112 Arden Hills, MN 55112
<br /> Proximitv to Subiect ..,..', , m lIe Northwest 1.5 miles North 2 miles Nnrth
<br /> Sales Price I N/A I 220,000 I 260,000 . I , B5,000
<br /> Price! I lZl $ lZl I lZl I lZl' .
<br /> Data Source MLS Files/Count" record-s MLS Files MLS Files
<br /> VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION '1 'i-iS ~Ol""m.n' DESCRIPTION I '{_lSAdj"stmenl DESCRIPTION +(.}SAdi",tm.nt
<br />, Sales or Financing .,' Conventional Conventional Conventional
<br /> Concessions . None reoorted None reoorted None re"orted
<br /> Date ofSalefTime Inspected 01/16/07 06/30/2006 04/12/2006 11/14/2005 :
<br />. Location Suburban Suburban Suburban Suburban
<br /> SitelView Res/Lake Johanna Res iden liallO lfic e 40,000 Res/Lake Valentine Res/Floral Park :
<br /> Size (SF 33,9B5 SF 56,628+/ SF -40,000 26,136+/- SF 15,000 14,810+/-SF 45,000
<br /> TODOqraphv Slopina/low land Slooir;-;- -30,000 Slonina -30,000 Sloninn : -30,000
<br /> Tree Coverane Minimal Heavv -20,000 Heavv -20,000 Minimal
<br /> Street exposure Local thorouohfare Local thorou"hfare Cul-de-saclthrufare -, 0,000 Cul-de-sac -20,000
<br /> Net Ad' total\ .,..,. . Xl- :I 50,000 I I. IX I. :I 45,000 liT. Txl- :I 5,000
<br /> Indicated Value ....Y' 'Gross: 59,'1. Gross: 28.8 I :.:;,'iYB;~I,
<br /> ofSubiect , Net: .' -22.7 $ 170,000 Net: -17,3 $ 215,000 180 000
<br /> Comments of Sales Comparison: See Attached Addendum
<br /> Comments and Conditions of Appraisal: See Attached Addendum.
<br /> Final Reconciliation: See Attached Addendum.
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<br />- t (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE SUBJECT PROPERTY AS OF to be $
<br />. I (We) certify that to the best of my (our) knowledge arld beltef the facts and data used herem are true and correct that I (we) personally mspected the subject properly
<br /> aAd mspected all comj!,arable ~"I"s lted III thls~port and that I (we) have no undisclosed mterest present or prospective therem
<br />I 7 .ex. ODld ODtdNot
<br />Appralser(s) r I ReView Appraiser
<br /> L"rn1'f'a L. Fea",A,n SRA ____ .J (if applicable) Inspect Property
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<br />LAND APPRAISAL REPORT
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<br />File No 00031773
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<br />'(op,ielarylandFmmG418B
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<br />p'o.".d ",m, ~C, "1,,,.,,. e~G.!l..~n; ,,,.., 00",".<0'"
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<br />Real Estate Appraisal Services, LLC
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