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OR <br /> SUMMARY OF IMPTANT AC F TS <br /> ADDRESS: 1694 Sorel Street NE, Centerville, MN 55038 <br /> PROPERTY TYPE: Currently improved with older buildings as a public works site, highest and <br /> best use is to demolish the buildings and consider the land available for <br /> mixed use redevelopment <br /> OWNER: According to county records the owner is: The City of Centerville, with a <br /> mailing address of 1880 Main Street, Centerville, MN 55038 <br /> INTEREST APPRAISED: Fee simple estate <br /> APPRAISAL PURPOSE: Internal planning purposes of sale price estimates related to a redevelopment <br /> project <br /> APPRAISAL USE: Potential sale for redevelopment purposes <br /> SITE SIZE: 50,000 s.f. <br /> PROPERTY I.D. #: The only PID we could locate is 233122230010, however this is believed to <br /> only be a part of the subject parcel. <br /> ASSESSOR'S MARKET YEAR. LAND BUILDING TOTAL • <br /> VALUE: 1999 $15,000 $94,400 $109,400 <br /> 1999 PROPERTY TAX $31.99 -- the property should have tax exempt status. If fully assessed, the <br /> AMOUNT: property taxes would be significantly more. <br /> HIGHEST AND BEST USE: Mixed redevelopment use, could likely be commercial or moderate - density <br /> residential <br /> MARKET APPROACH CONCLUSION: $47,500 to $55,000* <br /> *these values assume the buildings razed, and water and sewer service available in front of the site <br /> INCOME APPROACH CONCLUSION: N/A <br /> COST APPROACH CONCLUSION: N/A <br /> APPRAISER'S ESTIMATE OF MARKET VALUE: $47,500 to $55,000* <br /> *these values assume the buildings razed, and water and sewer service available in front of the site <br /> DATE OF VALUATION: October 1, 1999, the date of most current inspection <br /> APPRAISERS: Julie Jeffrey - Schwartz, Certified General Appraiser, #4002423 <br /> 1 <br />