5.3. ERMUSR 12-12-2012 - Laserfiche WebLink

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Milestone Appraisal Services Residential Appraisal Report File No. m727 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Name/Intended User Troy Adams E-mail • Client Address 13069 Orono Pkvvy city Elk River State MN Zip 55330 • Additional Intended users No additional Intended Users are identified by the appraiser Intended use See Attached Addendum PropertyAddress 1627 Main Street NW city Elk River State MN Zip 55330 Owner of Public Record Teresa Lee County Sherburne Legal Description That Pt Of Foll Desc Property;Lyin Nly Of S 75 Ft As Measured As Rt Angles Thereof.That Pt Of Lots 1 2,3 &4 Blk 2 O' " Assessor's Parcels 754110240 Tax Year 2012 R.E.Taxes s 4,671 Neighborhood Name Auditors Addition Map Reference 33 D1 Census Tract Property Ri hts ApDraised W Fee Sim file I 11-easehold Other describe M research LJdid 1z did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. PriorSale/Transfer: Date N/A Price Sources MILS and County Records Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) Non noted per MILS and County Records. Offerings,options and contracts as of the effective date of the appraisal None Neighborhood Characteristics One-UnitHousing Trends One-Unit Housing Present Land Use% Location Q Urban Suburban I JRural Property Values Increasin X Stable Declinin PRICE AGE One-Unit 75% Over75% X 25-75% Under 25% Demand/supply Shortage X In Balance Q oversupply woo) (yrs) 2-4 Unit 5% Growth LJRapid X Stable U Slow Marketin Time UUnder3mths X 3-6 mths L lover6mths 80 Low 1 Multi-Family 5% • Neighborhood Boundaries Subject is bounded on the north by Ridgewood Dr,on the east by 169, 265 High 41 Commercial 10% • on the south by 178th Ave NW and on the west by Waco St. 160 Pred. 25 Other Vacaant 5% Neighborhood Description See Attached Addendum Market Conditions(including support for the above conclusions) See Attached Addendum • Dimensions 29621 sf Area 29621 S .Ft. Shape Rectangular view Average/Homes Specific Zoning Classification R-1 Zonin Descri tion Residential Zoning Comfit iance X Le al Legal Nonconforming Grandfathered Use No I ing LJ illegal describe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes No If No,describe. See Attached Addendum Utilities Public Other describe) Public Other describe Off-site Improvements—Type Public Private Electricity X Water X Street Gas X U Sanitary Sewer X U Alley Site comments The landscaping and general curb appeal of private properties in the area is good.The topography is mainly level;the tVpical views are of other dwellings.The streets are laid out with proper regard to drainage,land contours and traffic flow. GENERAL DESCRIPTION FOUNDATION EXTERIOR DESCRIPTION materials INTERIOR materials Units X One Onew/Acc.unit LJ Concrete Slab Crawl Space Foundation Walls Concrete/Gd Floors C t&Vin I/ OOd #of Stories 1 LJFullBasement LXJ Partial Basement Exterior Walls Vin I/Gd Walls Drywall/good TyQe Lx1 Det. Att. S-Det/End Unit Basement Area 544 s.ft. Roof Surface AS h/Gd Trim/Finish Wood/good WExisling U Proposed LJ Under const. Basement Finish 80% Gutters&Downspouts Alum./Good Bath Floor Vinyl/good Design(Style)Split Level LJ Outside En /Exit 0 Sump Pump Window Type Csmt/Good Bath Wainscot Fiber lass/ ood Year Built 1987 Storm Sash/Insulated Yes/Good Car Stora a None Effective Age(Yrs)15 Screens Yes/Good I ZJ Driveway N of Cars 2 Attic LJ None Heating X FWA HW Radiant Amenities LJ WoodStove s N Driveway Surface Asphalt Droo,Stair Stairs 41ndividu ther Fuel X Fire laces R 2 X Fence 1 X Garage N of Cars 2 Floor X Scuttle n X Central Air Concitionin X Patio/Deck 1 X Porch 1 Carport N of Cars LJ Finished Heated al Other Pool None Other None X Att. Det. Built-in A linnces X Refri erator X Ran elOven ishwasher X Di s osal 1XIMicrowave X Washer/D er LJ Other describe • Finished area above grade contains: 5 Rooms 2 Bedrooms 1 Bath(s) 1 058 Square Feet of Gross Living Area Above Grade Additional Features The features of the subject are considered typical of the others lit level style homes of similar age and condition in the market area.None of the features unfavorably effect the market value of the property. The subject features include an attached 3 season porch. Comments on the Improvements The subject is in good condition with no deferred maintenance noted.Quality of construction appears average and typical of the market area. The floor plan is assumed functional for today's standards. There was no functional or external . obsolescence noted. No structural deficiencies were noted.Within the past 24 months the the following has been done:retaining wall, interior paint,new fixtures and ceiling fans.The deck was replaced 4 years ago.The windows and siding were replaced 7 years a o. Oparm. PmdmeauigACI%ftwmc.0]02348727w acKwbmm Thisf—Upogh1a2005W10ACO.,,analISOClaimS--1-AJIRigohotsRes d, Page 1 ar4 (gPAR-)General Purpose AppGPARIt0a4 700sz6mia q - s.niPn,-n r.pnr,