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QQRec, <br /> ,sr APPRAISAL ASSOCIATES <br /> N Real Estate Appraisers and Consultants <br /> � P.O. Box56, Hamel, Minnesota 55340/Telephone (612) 478-6068 <br /> soa <br /> November 9 , 1984 <br /> John Gerhardson <br /> Public Works Supervisor <br /> R. 0. Box 66 <br /> Crystal Bay, MN 55323 <br /> RE: 1223 Arbor Street <br /> Dear Mr. Gerhardson: <br /> At your request and in coordination with Mrs . Joanne Lattin <br /> of the City Office, I inspected the property referenced <br /> above as part of the sampling of the proposed residences <br /> included in the City of Orono Sanitary Sewer Project . <br /> At the time of my inspection I found no evidence of incurable <br /> deficiencies in the residence. I did not make a determination <br /> as to the suitability or functioning of the private septic <br /> system in this property . Since it is common practice for <br /> any buyer to expect the septic system to be in functioning <br /> condition at the time of sale and for a period of time after <br /> the sale, the property was appraised in that light . <br /> The appraisal includes the two common methods of finding <br /> value. The cost approach presents the replacement value of <br /> the improvements less depreciation. The Market Data section <br /> presents two sets of sales data, one with private septic <br /> systems and o-ne with public sanitary sewer. They are <br /> presented as such in the data section. Finally 'a conclusion <br /> of value is arrived at for each method of sewage disposal. <br />