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LANI~ APPRAISAL REPORT
<br />
<br /> Bill Gagne
<br /> ~ci,,s, XXX Waco St. N.W
<br /> Elk River C~umy Sherburne
<br />
<br /> ~,,pt,o. Lengthy-see attached
<br /> P.ce $ N / A Dale ol S41. - - - Loan Term -- - ? .y,$ Pi'opeiq¥ H,gnl. Ap~i,~ ~ F~ ~ C~ ~ ~ ~ PUU
<br />
<br /> Real EaIIII Taxes $ N / A .. (y~.) L~n cna~ges to ~ ~,a ~y ~llef $ ~ - Cruet ~ms conce~s T T -
<br />
<br />Len~e,/C.em Bill Gagne ~,.,s 1811 Golfview Dr., Buffilo~ MN..55312
<br />~u~m V a c a n t n~.,.,~, J e r r y S m i t h m,.~l,~, m A..,,,~, ~-- -- ~
<br />
<br /> E] u,... [] SuO.,~n []
<br />Bu,lt Up E:]Ove, 75% ~-]2f)~ ~0 7~ ~U~o, 2~
<br />Growm ~t. ~ Fully ~v. ~p.d ~ S,eaay ~Slow
<br />
<br /> ~ 2-4 Flmdy ~ Apl~. ~ ~O ~ CommerCial
<br />
<br />C..nge ,n Pfe.m Lana U.~ NOt L,kWy ~ L,kmy {') ~ Tak,ng Place (')
<br />
<br /> I') F~om TO
<br />
<br />P,eaommam ~cuea~y ~ Ow.e, ~ Tenant O -- 5
<br /> $ 75,000 Io$ 150,O0~om,nanlVal~S iOOFOOC
<br /> 2 30 y,s P,~om,n.m
<br />
<br />Co the Elk River in the City of Elk River, a community of about 13,000 on U.S.
<br />
<br /> lg ways & approximately 30 miles Northwest of the Minneapolis metro
<br /> 48. 27 Ac..s~ FLO, AC,.,
<br />
<br />p,e~enl ,mp,ovement, [] cio [] ~ ~ cm~dm, m to ~ ~
<br />
<br /> ~ non q '- 'on the Elk River
<br />
<br /> O~,g,oun0E~t &Tel, / OSlOewi,k USt,ee, L,gm, Jl.~m~,ty~-- MOSt of the landis
<br />in the flood zone area. However~there is am le hi h r
<br />approximately 4 buildin sites with the b ' '
<br />or individual~
<br />
<br />Elk River Elk River
<br /> mi . Nort
<br />
<br />DESCRIPTION
<br />
<br /> da.on mkt MLSv21 DOM
<br /> DESCRIPTION
<br /> DESCRIPTION DESCRIPTION t
<br />..... 1-96 .12-96 '~'~'--
<br /> ual , -..~ ual
<br />
<br /> acres 8acres I +6 2.7acr~
<br />JO% % wd
<br />yes
<br />no
<br />
<br /> I 'HA I New Constr .!
<br /> FHA ~ ,
<br />
<br /> [']mu,; 39~600
<br /> 40,700 44,800
<br />
<br />o~Sut~ect were also on the Elk River.
<br />
<br />C~w~m~n~m~nO~m~ e river ut 1 ave a pond on the hack of the lot.
<br />......... i: A tar deve lo ment of the sub ec~. . ~'a.~, ..... h mf
<br />Core.nil a~ Go~,l~)~l of App,.,~. __ ~ _ _ ~ · n = C r e s f
<br />-~hat there would be an avera ~ u~ ~
<br />w lc wou d be in the flood zone '
<br />
<br />· Aeco~cmauon' After consideration
<br />
<br />opinion that the estimated val
<br />~8,ooo_.p_~zor to u ' ' _'_
<br /> ~ ....... , Seot. 4 ,g 96 Io~, .: --
<br />; ilTIMAT[ THE M~KET V~UE, a~ DEFINED, OF gCT ~OPERTY
<br /> Smith
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