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5.3. ERMUSR 12-12-2012
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5.3. ERMUSR 12-12-2012
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City Government
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ERMUSR
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12/12/2012
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Milestone Appraisal Services <br /> Residential Appraisal Report File No. m727 <br /> FEATURE SUBJECT COMPARABLE SALE NO.4 COMPARABLE SALE NO.5 COMPARABLE SALE NO.6 <br /> 1627 Main Street NW 947 York Avenue NW 1745 Tipton Circle NW 11966 193rd Lane NW <br /> Address Elk River Elk River MN Elk River MN Elk River,MN <br /> Proximity to Sub ect 0.63 miles NW 0.20 miles NW 1.31 miles NNE <br /> Sale Price $ Is 188,900 is 159,000 $ 184 900 <br /> Sale Price/Gross Liv.Area $ 0.00 s.ft. $ 129.03 s.ft. $ 97.19 so.ft. $ 182.71 s.ft. <br /> Data Sources MAAR MAAR MAAR <br /> Verification sources Sherburne Count,Tax Sherburne Counb,Tax Sherburne Count,Tax <br /> VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION S Aditisnant DESCRIPTION +IISAduslmenl DESCRIPTION +J)SAdstment <br /> Sale or Financing Cash Conventional Active <br /> Concessions $307 0 <br /> Date ofSale/Time n/a 04/24/2012 06/28/2012 Active -11094 <br /> Location Suburban Suburban Suburban Suburban <br /> Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple <br /> site 29621 S .Ft. 14810 sf 3,703 10454 sf 4,792 28750 sf <br /> V <br /> Average/Homes Wooded 5,000 Average/Homes Wooded -5,000 <br /> Desi n(Style) Slit Level Ranch Ranch Ranch <br /> Quality of Construction Average Average Average Average <br /> Actual Age 25+/-Years 40 Years 3,750 18 Years -1,750 34 Years 2,250 <br /> Condition Avera a Average Average Good -5,000 <br /> Above Grade otal Bd ms Baths Total Bdnns Baths Total Bdrms. Baths Total Bdrms Baths <br /> Room Count 5 2 1 6 3 1.75 -2,250 5 2 1 6 3 1 -3,000 <br /> Gross"'In Area 1,058 sq.ft. 1,464 sq.ft. -14 210 1,636 s.ft. -20,230 1,0 12 s.ft. 1,610 <br /> Basement&Finished Partial 400 Fin Full W/O 850 Fin -7,000 Full W/O 1083fin -9,300 Full W/O 920fin -7,700 <br /> Rooms Below Grade 1 BR 3/4 Bath 1 BR 3/4 Bath 1 BR 3/4 Bath 1 BR 3/4 Bath <br /> Functional Utility Acceptable Acceptable Acceptable Acceptable <br /> Heating/Cooling FWA C/Air FWA C/Air FWA C/Air FWA C/Air <br /> Energy Efficient Items Typical Typical Typical Typical <br /> Garage/Carport 2 Attached 2 Attached 2 Attached 3 Attached -2,000 <br /> Porch/Patio/Deck Deck 3 Sea Pch Deck 5,000 Patio,3 Sea Pch 1,000 Screen Porch 5,000 <br /> Fireplace 1 F/P F/P None 2,000 F/P <br /> Fence Fence None 1,000 None 1,000 None 1,000 <br /> Main Street Main Street York Ave -5,000 Tipton Circle -5,000 193rd Lane -5,000 <br /> Net Ad ustment(Total) + X- $ 20,007 L&- $ 27,488 X- $ 28.934 <br /> Adj <br /> Adjusted Sale Price Net . -10.6% NetAdj. -17.3% NetAdj. -15.6% <br /> ofCom arables Gross Ad. 24.8% $ 168,893 GmssAd. 28.3%1$ 131,512 1 Gross Ad. 26.3% $ 155,966 <br /> Summary of Sales Comparison Approach <br /> ���m, R,d,M-g ACI wft ar-.800.2]4 8727 wxw�.a-b.com This am Copyliglt a M+W10 Act O swn d ISO CW-Smites.Irc..AI Rgre Rene W <br /> Additional Comparabim (gPAR-)General Purpose Appraisal R7,1 0512010 <br /> GPAR1aaP°a 052rmta <br />
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