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5. The price represents the normal consideration for the property sold unaffected by special or <br /> creative financing or sales concessions granted by anyone associated with the sale, or creative terms, <br /> services, fees, costs or credits involved in the transaction. <br /> Personal Property: <br /> (Appraisal Standard #13) <br /> The scope of this appraisal assignment does not include the valuation of personal property. <br /> Listing, Options, or Contracts: <br /> The subject property, a total of 20 acres is divided and listed by Integrated Realty. The building site, <br /> which is 1.88 acres with the buildings, is listed at $440,000. The 2.99 acre parcel south of the <br /> building site is listed for $457,380, or about $3.50 /square foot. The balance of 13 +/- acres is listed <br /> for $440,000. All list prices reflect the buyer assuming assessments. The only other contract of the <br /> property is a lease for the standard mobilized antenna for $3,800 per year, annual term. The above <br /> information was supplied by Willie Lessard. <br /> Zoning: <br /> The subject property is zoned Commercial, through the Centerville Zoning Code. The subject's <br /> current use is allowable under the current zoning code. The purpose of the commercial code is to <br /> provide a limited mixture of land uses, made mutually compatible through controls and high quality <br /> standard. To facilitate more intensive and higher valued development and redevelopment of areas <br /> convenient to the Metropolitan market area. This District shall allow opportunities to integrate <br /> quality commercial uses, providing the opportunity to benefit from excellent visibility from major <br /> arterial routes in conjunction with major local thoroughfares. <br /> Description of the Extent of the Process of Collecting Confirming, and Reporting Data• <br /> General Data: We investigated O n l y ahmited amount of general data. W e now the area quite we I _- - - -- �- <br /> and understand the supply /demand relationship and economic trends of the neighborhood. <br /> Additional study was not needed. <br /> Comparable Sales: The comparable sales were located from Plat System's Inc., a local on -line data <br /> base of commercial sales, and the Regional Multiple Listing Service. We also obtained land sales <br /> from Glenn Rehbien and Gerald Rehbien. Primary search criteria for comparable selection for the <br /> improved site was similar industrial -type sales in Washington and Anoka County. Some of Southern <br /> 5 <br />