|
City of Elk River
<br />Land Analysis
<br />April 18, 2016
<br />Page 9
<br />Sin le Famil Residential Land Sates Summa
<br />Grid
<br />Comp.
<br />Location
<br />Buyer
<br />Date
<br />sale
<br />Spcl Asmm,
<br />Total
<br />Price Per
<br />No.
<br />Imendad Use
<br />Seller
<br />of Sale
<br />Acreage
<br />Zoning
<br />Utilities
<br />Price
<br />Demo Cost etc.
<br />Sale Price
<br />Acre
<br />Remarks
<br />1
<br />xxx 138th Avenue
<br />Collette Pitzen & William Cale
<br />3 1 2016
<br />3.19 AC
<br />R-1
<br />Available
<br />$94,000
<br />$0
<br />$94,000
<br />$29,467
<br />This previously platted lot is located at the end of a cul-de-sac
<br />Ham Lake, MN
<br />Keith E. & DeEtta Boulais
<br />and is large enough o be divided into three residential lots,
<br />given the zoning. Approximately 1/3rd of the site is a pond.
<br />2
<br />9095 County Road 138
<br />Floyd E. & Tresa A. Ostendorf
<br />11 / 2015
<br />135.50 AC
<br />11-15 Years
<br />Available
<br />$415,000
<br />$0
<br />$415,000
<br />$3,063
<br />The 2005 zoning map identifies this property as potential
<br />Waite Park, MN
<br />American National Bank of Minnesota
<br />development in I I to 15 years. The property is guided low
<br />density.
<br />3
<br />xxx Central Avenue W.
<br />DR Horton, Inc. -Minnesota
<br />8 1 2015
<br />39.27 AC
<br />A -I
<br />Available
<br />$1,000,000
<br />$0
<br />$1,000,000
<br />$25,465
<br />This property is guided medium density residential. However,
<br />St Michael, MN
<br />Lester & Marlene Kasper
<br />the planned use is single-family development
<br />4
<br />2709 County Road 136
<br />Granite Grove LLC
<br />6 / 2015
<br />76.50 AC
<br />RR
<br />Available
<br />$530,500
<br />$0
<br />$530,500
<br />$6,935
<br />While this property is zoned rural residential, it Is guided single
<br />SL Cloud, MN
<br />Unknown
<br />family detached. City services are located in the road frontage.
<br />5
<br />xxx County Road 31
<br />Robert A. Kloth
<br />6 12015
<br />9.50 AC
<br />R-1
<br />Available
<br />$114,000
<br />s0
<br />$114,000
<br />$12,000
<br />This property was purchased by the same buyer as Sale 6.
<br />Norwood Young America, MN
<br />Security Bank & Trust Co.
<br />6
<br />xxx County Road 31
<br />Robert A. Kloth
<br />5 ! 2015
<br />51.42 AC
<br />R-1
<br />Available
<br />$800,000
<br />$0
<br />$800,000
<br />$15,558
<br />This property was purchased by the same buyer as Sale 5.
<br />Norwood Young America, MN
<br />Timothy E. & Rita D. Fahey
<br />7
<br />xxx Rush Creek Road
<br />Rush Creek Associates, LLC
<br />5 /2015
<br />16.49 AC
<br />R-1, PUD
<br />Ext Req.
<br />$1,230,770
<br />$0
<br />$1,230,770
<br />$74,637
<br />While this transaction dosed in May 2015, the Certificate of Real
<br />Dayton, MN
<br />Gerald C. Scherber, et al.
<br />Estate Value reports the purchase is over two years old. It is
<br />unknown if the price was negotiated prior to dosing of the sale.
<br />8
<br />xxx 59th Skeet NE
<br />Jeffrey D. & Kelly Busch
<br />1 t 2015
<br />7.45 AC
<br />R -4A
<br />Available
<br />570,000
<br />s0
<br />$70,000
<br />$9,396
<br />Zoned R -4A Residential -Suburban Single Family. However,
<br />Otsego. MN
<br />Thomas Koerwitz
<br />roadway access for development is limited until vacant property
<br />to the west is developed.
<br />9
<br />15641 Potassium Street NW
<br />Ronald J. & Shannon M. Schmitz
<br />1 / 2015
<br />10 -OO AC
<br />R-1
<br />Available
<br />$85,500
<br />$0
<br />$85,500
<br />$8,550
<br />Based on aerial photography and the Anoka County GIS
<br />Ramsey, MN
<br />OP 2 Realpon, LLC
<br />measuring tool, approximately 30% of this site is wetland.
<br />10
<br />1801 Main Street
<br />The Trust for Public Land
<br />12 ! 2014
<br />335.80 AC
<br />RIC
<br />Proximate
<br />$3,105,000
<br />s0
<br />53,105,000
<br />$9,247
<br />While this property is zoned for single-family development, the
<br />Elk River, MN
<br />Houlton Olson Family, LLLP
<br />majority of the land is in the Mississippi River floodplain.
<br />11
<br />xxx LaBeaux Ave. NE
<br />Nexus Direct LLC
<br />71 2014
<br />3.00 AC
<br />A-1
<br />Available
<br />$37.500
<br />$0
<br />$37.500
<br />$12,500
<br />This publicly marketed property is guided low density residential.
<br />Albertville, MN
<br />Scott Kintner & Jan Marie Hendrickson
<br />Aerial images indicate there may be significant hydric soils and
<br />rtw area.
<br />Kiefer Construction
<br />12
<br />xxx Cole Avenue
<br />and Holdings Company, LLC
<br />6/ 2014
<br />40.00 AC
<br />R-1
<br />Available
<br />$220.000$0
<br />$220,000
<br />$5,500
<br />The site is partially wooded and bifurcated by a small stream,
<br />Montrose, MN
<br />Bankwest
<br />with an associated Shorelan d Overlay District.
<br />13
<br />xxx Olde Sturbridge Road
<br />U.S. Home Corporation
<br />6/ 2014
<br />41.68 AC
<br />PUD
<br />Available
<br />$865,000
<br />$0
<br />$865,000
<br />$20,753
<br />Access to the property is provided by a 60' -wide panhandle that
<br />Corcoran, MN
<br />The Estate of Richard J. Deziel
<br />connects to Olde Sturbridge Road on the west boundary.
<br />14
<br />xxx Fondant Trail N.
<br />Meridian Land Holdings, LLC
<br />4/ 2014
<br />20.20 AC
<br />R3
<br />Available
<br />$1,392,000
<br />$0
<br />$1,392,000
<br />$68,911
<br />The R3 District is single family detached in Hugo. Roadway and
<br />Hugo, MN
<br />Hugo Partners, LLC
<br />utility infrastructure are stubbed to the north property line.
<br />15
<br />xxx Oneka Parkway N.
<br />OP3 Prairie Village, LLC
<br />3/ 2014
<br />26.47 AC
<br />R3
<br />Available
<br />$600,000
<br />$0
<br />$600.000
<br />$22,667
<br />This is Outlet A of the Prairie Village development and Outlet A
<br />Hugo, MN
<br />Elmcxest Investments, LLC
<br />of the Prairie Village 2nd Addition.
<br />16
<br />1016 County Road 4
<br />James I. Jones et al.
<br />3/ 2014
<br />4.74 AC
<br />R-1
<br />Available
<br />$53,000
<br />$0
<br />$53,000
<br />$11,181
<br />This is an infill site surrounded by existing single-family
<br />St Cloud, MN
<br />BankVista
<br />development,
<br />17
<br />xxx Vadolite Street NW
<br />Robert Storm
<br />12 1 2013
<br />49.32 AC
<br />R -I
<br />Available
<br />$850,000
<br />$0
<br />$850.000
<br />$17,234
<br />This sale is of Outlets A and E in the Sweetbay Ridge Addition.
<br />Ramsey, MN
<br />First National Bank of Elk River
<br />The property is planned for the development of 88 SFR lots.
<br />18
<br />xxx County Road 10
<br />Nesv ld Farms LLC
<br />10 / 2013
<br />38.42 AC
<br />A-1
<br />Available
<br />$220,000
<br />s0
<br />$220,000
<br />$5.726
<br />While this property is zoned Agriculture, it is guided for low
<br />Watertown, MN
<br />Linda R. Zyfman et al.
<br />density residential development
<br />19
<br />xxx Wintergreen Street NW
<br />S.W. Land, LLC
<br />9 / 2013
<br />40.00 AC
<br />R-4
<br />Available
<br />$1,050,000
<br />$0
<br />$1,050,000
<br />$26,250
<br />Subsequently platted as Country Oaks North, with 64 SFR lots.
<br />Andover, MN
<br />Violet E. Putnam, as Trustee
<br />20
<br />xxx James Avenue
<br />DM & RS Limited Partnership
<br />8/ 2013
<br />40.00 AC
<br />A-1
<br />Available
<br />$650,000
<br />s0
<br />$650,000
<br />$16,250
<br />This property is zoned and guided for agriculture; however, the
<br />Saint Michael, MN
<br />Ida K. Schirmers et al.
<br />land was advertised as prime development land with Hanover
<br />city sewer and SL Michael city water available. Property to the
<br />north is developed low-density residential.
<br />21
<br />xxx Hawthorne Avenue
<br />Cherrywood Advanced Living, LLC
<br />7 / 2013
<br />8.91 AC
<br />RI
<br />Available
<br />$180,000
<br />$0
<br />$180,000
<br />$20.202
<br />This infill parcel is zoned and guided for low density residential
<br />Buffalo, MN
<br />Judith L. Sandell
<br />use.
<br />22
<br />xxx 196th Lane NW
<br />Benzinger Properties, Inc.
<br />6/ 2013
<br />37.20 AC
<br />R -1c
<br />Available
<br />$345,000
<br />$0
<br />$345,000
<br />$9,274
<br />At the time of sale, the buyer intended to apply for plat approval
<br />Elk River, MN
<br />Bank of Elk River
<br />of an 83 -lot single-family subdivision. This plat included a 150 -
<br />foot wide conservation easement along the east boundary
<br />adjacent to the railroad.
<br />23
<br />20860 Harrow Avenue N.
<br />Steven Sadowski
<br />6/ 2013
<br />115.00 AC
<br />MXR-1
<br />Available
<br />$1,335,000
<br />$0
<br />$1,335,000
<br />$1109
<br />This site is mostly upland. The properly is zoned Single and
<br />Forest take, MN
<br />William E. & Pamela A. Olson
<br />Townhouse Residential District. Adjoining developments to the
<br />east and west are single-family subdivisions.
<br />24
<br />10161 North Share Trail N.
<br />OP3 Forest Hills, LLC
<br />5/ 2013
<br />27.15 AC
<br />SF
<br />Available
<br />$700,000
<br />$0
<br />$700,000
<br />$25,783
<br />This property is Outot E of the Forest Hills Farm 1 st Addition.
<br />Forest Lake, MN
<br />Asset Ventures Fund I, LTD
<br />25
<br />xxx County Road 7
<br />Brian T. Pauman
<br />5/ 2013
<br />57.65 AC
<br />AG
<br />Available
<br />$406,910
<br />$0
<br />5406,910
<br />$7,058
<br />This property sold al auction and is guided for mixed residential
<br />Maple Lake, MN
<br />GP Land Corp.
<br />use. The Mixed Residential category is intended for a
<br />combination of single-family detached and attached housing
<br />with overall low-density development planned.
<br />38.42 AC
<br />Median
<br />$12.500
<br />49.39 AC
<br />Mean (Average)
<br />$19.009
<br />
|