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<br />=-- ~._--_",.r- ll;__!""'>A'_"'."" <br />.., --.-"----H..J4'..:::-.~Lb <br /> <br />ProDertv DescrlDtlon UNIFORM RESIDENTIAL APPRAISAL REPORT File No., 0076 <br />Prooertv Address 1217 5th Street cnv Elk River State MN ZipCode 55330 <br />Legal Description Lot 10, Block 2 Thomas Addition County Sherburne <br />Assessor's Parcel No. 75-409-0245 Tax Year 2000 R.E. Taxes $ 1 164.00 Soecial Assessments $ --- <br />.wer --- --- Current Owner Gloria Bailey Occuoant: rX Owner 1 Tenant r 1 Vacant <br />" ertvriahtsaooraised [xl Fee Simple 1 Leasehold I ProieclTvoe PUD 1 CondominiumCHUDNAonlv)' HOA$ /Mo. <br />Neighborhood or Proiecl Name Thomas Addition Mao Reference 33, 1 D Census Tract 0305 <br />Sale Price $ 0 Date of Sale Description and $ amount of loan charges/concessions to be paid by seller <br />Lender/Client City of Elk River Address 13065 Orono Parkway, Elk River, MN 55330 <br />Appraiser Jerry E Smith Address 403 Main Street Elk River, MN. 55330 <br />Location U Urban ~ Suburban W Rural Predominant Single family housing Present land use % <br />Built up f)(l Over 75% 0 25-75% 0 Under 25% occupancy PRICE AGE One family 90% <br />I.6.J $ (000) (1") <br />Growth rate 0 Rapid 00 Stable 0 Slow 00 Owner 90 Low 20 2-4 family <br />Property values 00 Increasing 0 Stable 0 Declining 0 Tenant 250 High 75+ MuKi-famly <br />Demand/supply Q Shortage 00 Jn~ 0 Over9JpPy 00 VacanI(l}-5",4,),PY Predominant ,.F: Commercial <br />Marketingtime IXI Under 3 mos. II 3-6 mos. II Over 6 mos. II Vacanl(over5%\ 130 40 Vac \ 10% <br />Note: Race and the racial composition of the neighborhood are not appraisal factors. <br />Neighborhood boundaries and characteristics: North -- US Hiohway #10, East ~- Proctor Ave, South -- Main Street, West -- Upland <br />: Ave. <br />· Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): <br />~ The subject is located in the city of Elk River a community of about 17000 on US Hiahways 10 and 169 approximately 30 miles <br />" northwest of the Minneapolis metro area. Adequate shoppino and services can be found in Elk River. <br /> <br />Land use change <br />00 Not likely 0 Likely <br />o In process <br />To: <br /> <br />Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply; and marketing time <br />~ - such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): <br />The market has been active with low interst rates. Typical points paid by the seller are from 0 to 3 percent. The subject is typical for the <br />market area and should experience averaoe market time. The subiect has not been on the market in the past year unless indicated <br />below. <br /> <br />roJect Information for PUDs (If applicable) - -Is the developer/builder in control of the Home Owners' Association (HOA)? U YES U NO <br />. Approximate total number of units in the subject project N 1 A Approximate total number of units for sale in the subject project N 1 A <br />Describe common elements and recreational facilities: N 1 A . <br />Dimensions 60 X 174.3 Topography Basically Level <br />Sne area 0.24 acres Corner Lot U Yes [Xl No Size Typical for area <br />Specific zoning classification and description Sino Ie Family Residential Shape Rectanoular <br />Zoning compliance 00 Legal 0 Legal noncontonmg(Grandfathered use) U Illegal U No zoning Drainage Appears adequate <br />Highest & best use as irT1ll'oved: rxr Present use n Other use (exolain) View AveraQe <br />Utilities Public Other Off-site Improvements Type Public Private Landscaping Typical <br />Electricny [Xl Street Blacktop 00 0 Driveway Surface Concrete <br />Gas 00 Curb/gutler Concrete 00 0 Apparent easements None apparent <br />Water 00 Sidewalk Concrete 00 0 FEMA Special Rood Hazard Area U Yes [Xl No <br />Sannary sewer 00 Street lights Yes 00 ~ FEMA Zone X Map Date 2/19/92 <br />Storm sewer [Xl AJ1ey None n I I FEMA Map No. 270436-0015-0 <br />Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning, use, etc.): No adverse <br />conditions were apparent at the time of the inspection. .. <br /> <br />1 1 <br /> <br />FOUNDATION <br />Slab none <br />0<Ml Spool none <br />Basement full <br />SUfTll PUfTll none <br />Dampness none noted <br />Setllemenl none noted <br />Infestation none noted <br />Family Rm. Rec. Rm. Bedrooms <br />1 2 <br />3 <br /> <br />BASEMENT <br />Area Sq.Ft. 1246 <br />% Finished 75% <br />Ce~ing drywall <br />Walls drywall <br />ROOf carpet <br />Outside Entry walk-up <br /> <br />INSULATION <br />Roof 0 <br />Ceiling 00 <br />Walls 00 <br />Roor c=J <br />None c=J <br />Unkmwn 0 <br /> <br />GENERAL DESCRIPTION <br />No. of Unb One <br />No. of Stories One <br />Type (Det./Att.) Detached <br />Design (Style) Rambler <br />ExistinglProposed Existing <br />Age (Yrs.) 32 yrs <br />Effective Age [Yrs.) 20 rs <br />~MS Foyer Living <br />~ment <br />Levell 1 <br />. Level 2 <br /> <br />EXTERIOR DESCRIPTION <br />Foundation conc. block <br />Exterior Walls stucco <br />Roof Surface asphalt <br />Gutters & Dwnspts. none <br />Window Type double hunQ <br />Storm'Screens yes <br />Manufaclured House no <br />Dining Knchen Den <br /> <br />II Baths <br />0.75 <br />1 <br /> <br />Lau ndry <br /> <br />Other Area Sq.FI. <br />935 <br />1,246 <br /> <br />. <br /> <br /> Finished area above grade contains: 6 Rooms' 3 Bedroom s); 1 Bath(s); 1 246 Square Feet of Gross Livina Area <br />. INTERIOR MaterialslCondnion HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: <br /> Floors Carpet vinyl 1 ave Type BB Refrigerator 0 None 0 Fireplace(s) II _ 0 None 0 <br />. Walls Drywall 1 ave Fuel Gas Range/Oven 0 Stairs 0 Patio 0 Garage # of cars <br /> T rim'Finish Oak-stain 1 ave CandilionAvo. Disposal 0 Drop star 0 Deck 0 Attached <br /> Bath Floor Vinyl 1 ave COOLING Dishwasher 00 Scuttle 00 Porch 0 Detached 2+ <br /> Bath Wainscot Drywall 1 ave Central None FanIHood 00 Floor 0 Fence 0 Built-In <br /> Doors Oak-flush 1 ave Other None Microwave R Heated R Pool R Carport <br /> Condilion- WasherlDrver Finished Drivewav <br /> Additional features (special energy efficient items, etc.): Outside walk-up from lower level shop in the QaraQe, central vacuum. <br /> <br />dition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction remodeling/additions, etc.: Normal <br />sical depreciation was applied based on the aQe/life method. The subject is of average Quality and condition for its age in this <br />market area. <br /> <br />. <br /> <br />Adverse environmental conditions (such.as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the <br />immediate vicinity of the subject property: None noted. <br /> <br />Freddie Mac Fum 70 ~93 <br /> <br />PAGE 1 OF 2 <br />Thii form was urodUC6d on the ACI Oevekioment RaoldForms swiemW.:l\~~; ~ <br /> <br />Fannie Mae Fam 1004 ~93 <br />