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Sales Comparison Approach —continued <br /> Conclusion: Comparables used are rated to be the most indicative of data analyzed and <br /> bracket the subject regarding overall appeal. Other sales reviewed were older, more distant, <br /> and/or needed more adjustment. The comparables utilized in this analysis each have several <br /> characteristics in common with the subject. While none are totally identical to the subject, each <br /> represents a viable alternative to a prospective buyer of the subject property and, after <br /> adjustment, can be utilized as an indicator of market value for the subject property. Variance in <br /> sale price is common in the current market. <br /> Data Summary Minimum Maximum Average Median <br /> Before Adjustment $0.41 $2.00 $1.06 $0.97 <br /> After Adjustment $0.49 $0.97 $0.76 $0.76 <br /> The indicated average and median are lower after adjustment, primarily due to location, <br /> frontage and site characteristics. All comparables given equal consideration, as together, they <br /> bracket the subject characteristics. Given the data, the following value is concluded: <br /> Parcel 3A 28,500 SF x $0.75 per SF = $21,375 <br /> FINAL VALUE OPINION BY SALES COMPARISON APPROACH $21,000 <br /> Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com 47 <br />