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<br />and a crawl basement. Some properties supported the lower end of the value range. A property at
<br />16463 Harrow in Hugo sold for $74,500 in 10/99. This was constructed in 1958 and had only 590
<br />s.f., and no basement, and was on 1.5 acres. Another property which sets the lower limit of value
<br />. is 14063 Lake Dr. NE, in Forest Lake. This sold 3/00 for $70,000. It was constructed in 1948, has
<br />972 s.f., and is on 1 acre. It was listed as a fixer-upper. The final property which sets the lower limit
<br />of value is 8281 Lake Dr., Lino Lakes, which sold for $86,000 in 6/00. This was constructed in
<br />1938, has 768 s.f., and a full basement. This is the most similar property as compared to the subject.
<br />
<br />PID #: 23-31-22-23-0012
<br />Legal: Lots 9 & 10, Block 7, Village of Centerville
<br />Address: 1680 Sorel Street
<br />Owner-Occupant: Paul & Paula Miller
<br />Estimated Value Range: $110,000 to $120,000
<br />
<br />This property is a rambler style. According to county data, this property has 1,112 square feet and
<br />was constructed in 1922. There is a full basement. The house is assumed to be in good condition.
<br />The assessed market value is $80,800. This property was last purchased in February, 1997 for
<br />$85,000, and prior to that, was purchased in February, 1993 for $58,900. The historic listing data
<br />for the subject when it sold in 1997, indicates the following: "This one's nice: cove ceiling, dark
<br />woodwork, large lot only 1 block to Centerville Lake. No work stucco siding, excellent condition,
<br />newer central air, newly painted and landscaped." Please note, that the subject property was again
<br />listed in January, 2000 for $114,900, before the listing was canceled after 20 days.
<br />
<br />There was limited market data for a house of this vintage. From the data, the subject would likely
<br />fall into the $110,000 to $120,000 price range, and based on condition, possibly even more. One
<br />similar property is 1981 Main St., Centerville, which sold 2/00 for $126,900. This was constructed
<br />in 1955, has 1,212 s.f., and a full basement (with one den finished in the basement). Differences
<br />between this and the subject were size (100 s.f.), the subject's lack ofa fireplace, and one garage stall
<br />(subject has one, comparable has 2). The estimated value for the subject from this comparable is
<br />$121,000 +/-. Another similar property is 1716 Heritage, in Centerville. This property sold for
<br />$131,000 in 4/00. It had 1,187 s.f., was constructed in 1963, and has a full basement. Differences
<br />between this and the subject include the year built, the subject's lack of a deck, sauna, and additional
<br />bathroom. Additionally, there is a size difference. After accounting for the differences, the subject's
<br />estimated value from this comparable is around $118,000 +/-. We have tempered the value for the
<br />subject downward slightly to reflect the seller's willingness to sell the subject in January, 2000 for
<br />$114,900. Additionally, other data in competing Lino Lakes and Hugo, would support a slightly
<br />lower value. More than likely, the subject's value is from $115,00 to $120,000.
<br />
<br />PID #: 23-31-22-23-00131
<br />Legal: Lots 11 & 12, Block 7, Village ofCenterville
<br />Address: 7060 Goiffon Street
<br />Owner-Occupant: Terry Shipley
<br />Estimated Value Range: $130,000 to $140,000
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