My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1999-04-28
Centerville
>
City Council
>
Agenda Packets
>
1996-2022
>
1999
>
1999-04-28
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/18/2011 2:27:12 PM
Creation date
12/21/2009 2:01:42 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
141
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
The total value for the subject's improved parcel, is $305,000. This is divided as follows: <br /> Land: $ 42,000 445,500 <br /> Office Building: $ 49,000 <br /> Shop Building: $ 64,000 <br /> Storage Building: $ 95,000 <br /> Site Improvements: $ 55.000 <br /> TOTAL: $305,000 - $308,500, say $309,000 <br /> Discussion on. Market Approach: <br /> We have considered all sales in Washington and Anoka Counties, as well as southern Chisago <br /> County (Wyoming). All sales from 1/1/94 were researched, with primary emphasis on buildings of <br /> similar size and use. The most applicable are summarized as follows: <br /> 1.) 140 Quail Street, Mahtomedi. This property sold 1/95 for $270,000, or $33.67 /square foot. The <br /> building is 8,019 square feet and was constructed in 1948. The building overlooks a pond. There <br /> were many newer updates, including a loading dock, 3 bathrooms, 1,056 square foot store room, 35 <br /> parking stalls, air conditioning, and a lunch room. The lower level is a walk -out. The site is zoned <br /> B -2. The lot is 1.1 acres and is serviced with city water and sewer. The terms were cash equivalent, <br /> with new conventional financing. This comparable is superior to the subject is location, but inferior <br /> in age. Condition is approximately similar. This building has more versatile retail and office use <br /> potential. A 3% time adjustment per annum applies. <br /> 2.) 280 West Broadway, Forest Lake. This property sold 9/94 for $172,500, or $44.92 /square foot. <br /> The building was constructed in 1938 and is a clear -span building with three entrances, making <br /> multi- tenancy possible. Broadway Avenue is a primary thoroughfare in Forest Lake. The building <br /> has 3,840 square feet, The site is 60' x 120', and is zoned B -2, commercial. Water and sewer are <br /> connected. The building sold on a contract for deed. A 3% time adjustment per annum applies. <br /> 3.) 23820 Goodview Court, Forest Lake. This property sold 1/97 for $220,000, or $61.11 /square <br /> foot. The building has 3,600 square feet and was constructed in 1991. The building is metal -clad <br /> and wood - framed. The site is 2.5 acres and is serviced by well and septic. A 3% time adjustment <br /> • per annum applies. <br /> 4.) 26796 Kettle River Blvd., Wyoming. This property sold 8/97 for $350,000, or $39.24. This is <br /> an older structure with 8,920 square feet. The building sets on 1 acre of land and is serviced with <br /> well and septic, and sets behind the Village Inn Restaurant. The site is visible from the Interstate. <br /> The building is wood frame on slab. The majority of the value is in the land. A 3% time adjustment <br /> per annum applies. <br /> 5.) 21461 Aberdeen St. Ne., East Bethel. This property sold 9/98 for $295,000, or $47.20 /square <br /> 16 <br />
The URL can be used to link to this page
Your browser does not support the video tag.