|
22382 - Cih� of Elk River
<br />Land Analysis
<br />November 22, 2023
<br />Page 10
<br />Comp. Location Buyer Date Gross DevHopable Total PricePer PricePer Datsity
<br />No. Intentletl Use Seller of Sale Acr� e Acr� e Zonin Utilities Sale Price Gross Acre DevAcre Units/Acre Remarks
<br />1 191120thAve JeremyDanielson 9 2022 5.37AC 5.37AC R-0 Available 5230,000 542,831 542,831 5.8 ThiswasthesaleoFremainingoutlotsForatownhomeproject
<br />St. qoutl, MN HabitatFor Humanity begun by HabitatFor Humanity. The outlots were approvetl For
<br />n atltlitional 31 units.
<br />2 8013150th Place NW US Home Corp 10 2021 34.17AC 23.44AC RJ Available 52.600,000 y76,090 $110,922 4.0
<br />Ramsey, MN ThriveM Charitable Impact 8lnvesting Zoning allows For 15 unit per acre. This propertywas purchasetl
<br />Forthe construciton oFttie Lynwootl SubtliNsion, which inclutles
<br />12 single Family homes antl 125 attachetl townhomes.
<br />Approximately 10.67 acres are consitleretl wetlantls, leaving a
<br />tlensity on the tlevelopable acreage oF 5.8 units per acre.
<br />3 ztx 229th Ave NW Dillit Khosa 9 2021 821 AC 6.71 AC R-3 Available 5375,000 $45,676 355,887 8.5 This property was purchasetl ForFuture expansion oFthe
<br />St. Fmncis, MN Anoka Property Holtlings, LLC Meatlows oFSt. Frencis townhome community. Density
<br />guitlelines allowFor 7-12 units per acre, atthough ttie city
<br />intlicatetl that a max oF70 townhome units woultl likely be
<br />approvetl onthe site.
<br />4 4585 220th St W Rivers Etlqe Development, LLC 9/ 2021 59.00 AC 42.00 AC R-2 Available 52,700,000 $45,763 $64,286 4.4 This propertywas purchasetl Forthe construction oF 258
<br />Farmington, MN Susan 8 Fretlric Reff, Jemltl 8 Conia Burco townhome uni6 in Rivefs Etlge, afterthe property re-soltl to US
<br />Home Corp for 54,386,000 with entitlemeMs.
<br />5 zrzr 165�h St W DR Horton, Inc. 7/ 2021 6.03 AC 6.03 AC RS-3 Available 3825,000 5136,816 $136,816 8.6 This property was purchasetl Forthe construction oF 52
<br />Lakeville, MN Hosanna Church townhome unit�
<br />6 CountyRoatlJ885thAveNE FenwayLantlCo. 5 2021 26.96AC 26.96AC DF Available 53,375,000 5125,185 $125,185 9.6 ThispropertywaspurchasetlFortheconstructionoFa107unit
<br />Blaine, MN Grechetlk Blaine, LLC townhome tlevelopment, along with a 152-unit multi-Family
<br />project, For a total oF 259 units, at Grovelantl Village.
<br />7 Parrish Meatlows Tamareck Lantl - Parrish Meatlows LLC 5 2021 24.23 AC 24.23 AC R-0A Available $1,350,000 $55,716 $55,716 5.3 This propertywas purchasetl to tlevelop Parrish Meatlows. a 96
<br />Otsego, MN Kevin LeFebvre unit townhome project on 18 acres, built by Lennar. A 5-acre
<br />outlot remains.
<br />8 18100GIacierWay GlacierCreek,LLC 10/ 2019 23.00AC 23.00AC RM-1 Available y1,800,000 $78,261 $78,261 5.0 ThispropertywaspurchasetlFortheconstructionoF116
<br />Lakeville, MN Robert 8 Davitl Donnelly townhome uni6 in Glacier Creek.
<br />9 513-515 Elm St. Jeritl J. 8 Katnna M. Atlickes 7/ 2019 1.69 AC 1.69 AC R-2 Available $140,000 882,840 382,840 4.3 to 6.7 The base tlensityFor �his zoning tlistrict is 4.3 to 6.7 uni� per
<br />Monticello, MN AIIenJackson Properties, LLC re, tlepentling on the type of resitlential housing.
<br />10 18461 Twin Lakes Rtl. NW Pines at EIk River, LLC 5/ 2019 6.33 AC 6.33 AC PUD Available $317,777 550,202 550,202 6.2 This site was ativertisetl as potential metlium tlensity resitlential
<br />EIk River, MN Estate oF Ronaltl L Guenther lantl, but zonetl Business Pai7c. However, �he City has
<br />approvetl a 39unittownhome tlevelopmeM antl rezoning to
<br />Mean 569,967 577,912
<br />
|