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<br />~ <br />- <br /> <br />C~NG 8M <br /> <br />~ <br /> <br />VISION <br />RESIDENTIAL REAL ESTATE <br /> <br />www.coldwellbankervision.com <br />231 MAIN STREET <br />ELK RIVER, MN 55330 <br />BUS. (763) 241-0155 <br />FAX (763) 241-9234 <br /> <br />December 5, 2006 <br /> <br />Tony Love <br />Recreation Administrative Coordinator <br /> <br />I am submitting this CMA for the Property at 1217 5th Street NW in Elk River, currently owned <br />by the City of Elk River. <br /> <br />After doing a visual of the property from the exterior only and from the sold comps and the <br />active comps, I suggest that the market price of this home be $174,900 with a maximum price <br />being $179,900. . <br /> <br />Although the appraisal I received indicates a price of $185,000 as an appraised value., in today's <br />market with the homes that are currently on the market and this time of year I would suggest the <br />174,900 price. <br /> <br />Again, not seeing the interior of this home, I WliS able to determine that there is some work <br />needed to the exterior and the fact that there is really no yard for a young family that warrants <br />this price. As you can see, the current active listings for like houses in ElkRlver have a higher <br />average price that the sold comps and also average.} 0 more days on the market than do the solds. <br /> <br />..' ,....'..., , <br />. . . "-.'. . . . <br />I am the Broker/Owner of Coldwell Banker Visioriltere in Elk :River andha.,,~ been in real estate <br />for 22 years. We currently have 44 agents who will all beworking to sell this home. In 2005 <br />Coldwell Banker V. isi. o...n. bad. .. . $.13..2 ffi.i.l. l.i.o...n in sa. Ie. s. an.. .d. .. ar... e.. .on tra.ck to sell $...1....16 m..... illion for 2006. <br />Coldwell Banker Vision. is one of the PreIl1ierReaLEstateOfficesin this northwest quadrant of <br />the metro area and have been for many years. Coldwell Banker Vision was also named Business <br />of the Year for 2006. Our marketing consists of MLS input, visual tours, mass mailings, local <br />advertising and open houses. Our goal is not to list homes, but to sell homes and that is what we <br />do best. We give honest and direct prices on homes and do what we need to do to sell them. My <br />proposal reflects a 6% commission and closing fees if using First American Title here in Elk <br />River. If the city chooses to do their own closing, those fees may vary. <br /> <br />I submit this proposal as written and look forward to hearing from you in the near future. <br /> <br /> <br />M Urista <br />Bro er/Owner <br />Coldwell Banker Vision <br /> <br />An Independently Owned and Operated Member of Coldwell Banker Residential Affiliates, Inc. <br />