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1999-04-28
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1999-04-28
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11/18/2011 2:27:12 PM
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foot. The building is 6,250 square feet and was built in 1989. The building is metal -clad, and wood - <br /> framed. The 1.55 acre site is visible from Highway 65, and is serviced with private well and septic. <br /> The building is heated and insulated and has a showroom, office, shop, storage, bath and laundry. <br /> There are three overhead doors, a loading dock, and paved parking. A 3% time adjustment per <br /> annum applies. <br /> 6.) 6045 Lake Elmo Ave., Grant Twsp. This property sold 3/906 for $100,000, or $31.25 /square <br /> foot. The subject was constructed in 1968, and has 3,200 square feet. The site is .48 acres, and it <br /> is serviced with well and septic. The use was for construction offices and the building is metal -clad <br /> and wood - framed. The building is one level, slab on grade. The property sold on a contract for <br /> deed. A 3% time adjustment per annum applies. <br /> 7.) 10550 Nassau St. NE, Blaine. This property sold 10/94 for $450,000, or $26.62 /square foot. <br /> The building was constructed in 1973 and is 17,280 square feet. The site is 3.16 acres, and is zoned <br /> industrial. The office warehouse building is approximately 8% shop and 92% finished office space. <br /> The building is metal -clad and metal - framed. A 3% time adjustment per annum applies. <br /> 8.) 6190 Industry Ave., Ramsey. This property sold 1/94 for $160,000, or $24.69 /square foot. The <br /> building was constructed in 1985, and is 6,480 square feet. The office /shop building is metal -clad <br /> and metal- framed. Attached to the building is a small wood -frame office. The lot size is only <br /> 14,942 square feet. A 3% time adjustment per annum applies. <br /> 9.) The property just north of the subject sold for $125,000, or $16.45. The metal building is 7,600 <br /> square feet and sets on a 1.5 acre parcel of land. There were no assessments at the time of sale, <br /> however city water and sewer is there. This sold within the last two years. This information was <br /> given to the appraiser by Gerald Rehbein, brother of the seller. <br /> With consideration for the above comparables, and after adjustments, the subject's per square foot <br /> market value range would be from $30 to $32 /square foot. Therefore: <br /> 10,367 square feet X $30 - $32 /square foot = $311,010 to $331,744, say $311,000 to $332,000.. <br /> Statement of Compliance with USPAP: <br /> Our analyses, and conclusions were developed and this Restricted Appraisal Report was prepared <br /> in conformity with the Uniform Standards of Professional Appraisal Practice (USPAP) of the <br /> Appraisal Standards Committee of the Appraisal Foundation. <br /> List of Departures of Standards: <br /> 17 <br />
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