Laserfiche WebLink
L! <br />1 <br />U <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />DAHLE1 ii & D Y Y YM , INC. <br />ANALYSIS OF COMPARABLE LAND SALES <br />Thc• preceding s ix. Iand saI es for 1.he Inos t partaro s inr i 1 ar <br />in size and located in suburban metropolitan locations. The <br />sales range it) sized fi om approximaat.ely 1 acre t:o just over 5 <br />.roes. The price paid per sijuare foot ranges from $1.11t/S.F. Lo <br />$ 1 . 50/S. F. <br />Comparable sftic! #1 <br />was t.hc! szt I <br />of 1.be <br />olcl Arl .i nt;t tin <br />School s.i Le at $1 . 38/ S . F. <br />in November <br />.1.983. <br />The s i t.e was <br />replatted For residenl.ial <br />development.. <br />Major <br />upward adjustAlle-111's <br />were made for time, location <br />:and Parcel <br />size, <br />Sale #2 was of a 1+ acre s:i.t:c: which sold on the basis of <br />$.1..49/S. F. in June .19B3. A major upward nd jus Lnien L was mride for <br />t. i in e . <br />Sale <br />#3 was the sales <br />of <br />a 63,750 <br />S.F. site in Sett.ember• <br />1986 whi.rh <br />was subdi.vitl.rci <br />for <br />resi.denti.al. <br />development. Upward <br />adjustments <br />were made for <br />time <br />crud <br />location. <br />Comparabl.e sale #n sold in September 1985 on the basis of <br />$1 . l.4/S. F. This was Lhc:! sale of a 5.28 acre site located just: to <br />the southwest: of the subject property in Falcon Heights. Upward <br />adjustments were made for parcel size, t. i.me, and locat:i.orr. <br />Comparable sale #5 was Lhe sale of a 2.91. acre site: zoned <br />residential and sold for the cons Lruct..i on Df a church. An upward <br />adjustment was made for time: and parcel size. The location is <br />cumplrrable to that of t:he subject. <br />Comparable: sale #6 was they sale of a 2.75 acre: site in <br />March 1985 on the basis of $1.50/ .F. Tlic:! parcel is located in <br />White Bear, Take, a location which i.s slightly inferior Lo that of <br />thc! subject: necc;ssitat:ing an upward ad.just.jnent.. Upward <br />adjustments were also made for time and parcel. size. <br />Based on an analysis of Hie above sates, it: is the opinion <br />of your appraiser that: a. value of $1.65/S.F. can be SUbstianLiaLed <br />for- the subjec:L property. This, when applied to the 43,567 S.F. <br />indicates a. value as follows: <br />43,567 S.F. x $1.65/S.F. _. $,71,886 <br />Rounded: $72, 000 <br />14 <br />