|
<br /> ,.ddress xxxx Lake Johanna Boulevard census Tract 0408.03 LENDER DISCRETIONARY USE
<br /> Arden Hills County Ram sev State MN Zip Code 55112-3669 Sale Price $
<br /> Leoal Description Lake Johanna Woods Lot 3 Date
<br /> Owner/Occupant Arlene Boutin M, Reference K]ngs Man:93-2D Mortgage Amount $
<br />.. Sale Price $ N/A Dale of Sale N/A Property Rights Appraised Mortgage Type
<br /> Loan charae s/concessions to be paid _~y seller $ N/A 0 Fee Simple Discount Points and Other Concessions
<br /> R.E_ Taxes $ N/A Tax Year N/A HOA $/Mo N/A 0 leashold Paid by Seller $
<br /> Lender/Client Private Party IR Condominium (HUDIVA)
<br /> PUO Source
<br /> LOCATION ~Urban ~Suburban ~ Rural NEIGHBORHOOD ANALYSIS Gooo "0 >.;t P~o'
<br /> BU1LTUP (KJ Over 75% 025-75% o Under25% Employment Stability 0 0 0 0
<br /> GROWTH RATE o Rapid !KJ Stable o Slow Convenience to Employment 0 0 0 0
<br /> PROPERTY VALUES o Increasing !KJ Stable o Declining Convenience 10 Shopping 0 0 0 0
<br /> DEMAND/SUPPLY o Shortage ~lnBalance o OverSupply Convenience to SchOols 0 0 0 0
<br /> MARKETING TIME nUnder3Mos. i'X13-6 Mos. nOver6Mos Adequacy of Public Transportation 0 0 0 0
<br />~ PRESENT LAND USE % LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING Recreation Facilities 0 0 0 0
<br /> Single Family 75% 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 Loll' New Protection from Detrimental Condo 0 0 0 0
<br /> Commercial 10% T, Vacant(O-5%) 0 900+K High 70 Police & Fire Protection 0000
<br /> Industrial 10% Vacant {over 5%} 0 Predominant General Appearance ofProper!ies R~RR
<br /> Vacant 5% 350K - 40 Aooeafto Market
<br /> Note: Race or the racial composition of the neighborhood are not consjdered reliable appraisal factors. COMMENTS-See Attached Addendum.
<br /> Dimensions 89.9 x 68 X 216.6 x 43.1 X 119 x 258.7 Topography Slopinq
<br /> Site Area 32.527 SF Corner lot Yes Size Laroer than typical
<br /> Zoning Classification R-1 Sinole Fam ilv Residential Zoning Compliance Yes Shape Rectanoular
<br /> HIGHEST & BEST USE: Present Use Yes Other Use Drainage Appears Adequate
<br /> UTILITIES Public Other SITE JMPROVEMENTS Type Public Private Vjew Residential/Lake Johanna
<br /> Electricily 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 Drainaae. utilJty, Dondina
<br /> Sanitary Sewer ~ Street Lights Overhead 0 R FEMA Flood Hazard Yes' N,
<br /> Storm Sewer Allev None n FEMA~ Mac/Zone C
<br /> Comments (Apparent adverse easements. encroachments. special aSSessments, slide areas. etc.): See Attached Addendum_
<br /> Tho "n" e,,, 9 0 0 d n as '0 c it. ~ tnT e, ,. c. n t so I., 01 pt 0 P or Ii., mo. t Sf m il,. , . n d p r ~,j mat. I a sub ie 0 t 3 n d n. s to" sid e 'e d th. 50 in t "" n, a r 1<:. I . n a Irs i, Theg"c'illl,o" 'Ocl"de'a dollar
<br /> .oJ'''tm.nt. retlecl'og mark.t '..otion to those item. ot "9nif'cant varial'on belw.e" \110 ,ubJeot .nd compa'.bte p'operl,.. 11, "9ojf,c.nt ilem In tl1e tomp.t.ble p,operty is 'Up"roor
<br /> <0, or m ore i."ar~bl' Ih.n, ih. 'ub).ct Pfoperty, . m,o", (.) adtustm.nt is mod.. thu, reduting He ind'c300d ".Iue 01 '"olecl if a "go,1'"'nl rte", 'n the compar'bl. i, inte,ior to.
<br /> "' le"tavOf.bletnan.the,"bJ.otprnp,,,y,'PIU'(+JagjUSlm.Olis"'od..lllu,incTea"n9Ih.indicatedv3iueolthe,"bjecl
<br /> ITEM SUBJECT COMPARABLE NO, 1 COMPARABLE NO. 2 COMPARABLE NO 3
<br /> lake Johanna Blvd 3809 New Brighton Boulevard 40XX Valentine Court 1474 Dawn Circle
<br /> Address Arden Hills Arden Hills, MN 55112 Arden Hills, MN55112 Arden Hills, MN 55112
<br /> Proximitv to Sub-ect 1 mile Northwest 1.5 miles North 2 miles North
<br /> Sales Price $ N/A "..,.. ..,.., $ 220,000 . . $ 260,000 $ 185,000
<br /> Price I $ IZl $ lZl $ lZl $ lZl .
<br /> Data SOurce MLS Files/Countv records MLS Files MLS Files
<br /> VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-)~ Adiustment DESCRIPTION I +(,-I~ Adju,t"'""1 DESCRIPTION I '('iSAOi"'lfI\enl
<br /> Sales or Finallcing Conventional : Conventional Conventional
<br /> Concessions None reported None reported None reported
<br /> Date of SalefTime InSDeCled 01/16/07 06/30/2006 04/12/2006 : 11/14/2005 :
<br /> Location Suburban Suburban Suburban Suburban
<br /> SitelView ResidenHal ResidentiallOffice 30,000 Res/Lake Valentine -20,000 Res/Flora! Park : ,20,000
<br /> Size (SF) 32,527 SF 56,628+/_ SF -40,000 26,136+/- SF 15,000 14,810+/_ SF 45,000
<br /> Topoe,aphy Slooinq Slooinq : Slooina Slopinq
<br /> Tree Coveraqe Minimal Heavy -20,000 Heavv -20,000 Minimal
<br /> Street exposure Local thorouqhfare local thorouQhfare CuJ-de-sac/thrufare : -10,000 Cul-de-sac -20,000
<br /> \jet Ad (total) II . Ix . :$ 30.000 I. XI_ :s 35.000 X . I :$ 5,000
<br /> ndicated Value .,' I ~;;;'{,<_;~:il $ G",,, ' .'250 Gross: 45~ I,
<br /> >fSubject .,' 190 000 Net: -'13:5- $ 225.000 NBt: 2.7 $ 190,000
<br /> ;omments of Sales Comparison: See Attached Addendum
<br /> :omments and Conditions of Appraisal: See Attached Addendum.
<br /> inal Reconciliation: See Attached Addendum.
<br /> {WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE SUBJECT PROPERTY AS OF to be $
<br /> (We) certify that to the best of my (our) knowledge and belief. the facts and data used herein are true and correct; that 1 (we) personally inspected the subject property
<br /> "' i",p"',, ~"'~" ","", ""~'_'~'''''; :"' 'h,I' (we) h", " 00""'"" i"""I, p"ml" P"'P""" 'h",," ODid OOidNot
<br /> ppralser{s) /' / Review Appraiser
<br /> L1'r11ra L. FeafitJo_ SRA '-- J {if applicable) Inspect Property
<br />
<br />LAND APPRAISAL REPORT
<br />
<br />File No 00031702
<br />
<br />P..dutod "'m~ ACt ,""".,,_ SOO."~ .5117 ..... _"..oh.eom
<br />
<br />
<br />.'y lan~ Form 04181
<br />
<br />Real Estate Appraisal Services, LLC
<br />
|