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PLEASE _ <br />.sie <br />MSC ,TAXES: 2,511.11 NHS <br />lcdenl <br />1l.ee t w. <br /><urwwrakiu. <br />cr.Ro n <br />snore l.ek.kfons <br />Second Mortgage <br />Property Value Analysis Report <br />(This form may be used if the second mortgage will not exceed <br />$15,000 and value is based on "as is" condition.) <br />T912001 <br />Freddie Mac Form 704 <br />4167 02d') <br />• <br />eorm,w Bob Lieberman Ge,uue lrea 272.01 Ma Reference 5A - 30 <br />X. condo = 2 -4 un s <br />Property AOWesa 3635 North Shore Drive creak One: SF PUD <br />Orono county Hennepia state Minnesota xpcoae 55334 <br />city <br />Phone No. Res. 645 -2495 Loan Amount Requested f N/A Term N/A Months Owner's Estimate at v w s N/A <br />No. d Roans hb. d Bedrooms No. d Baths Fam4y Roan or Den Grose I.ivvy Area Gerada /C Pa Paso a Central Air <br />ISp.o.ly 7yo. a Num�o.rl Poa11sP.�.Y1 <br />4 2 1 (� Y, n No 832 s, Ft Tandem 2+ Porch <br />e <br />NEIGHBORHOOD <br />❑ 1N0ar1 ❑x Suburban ❑Rural Good Avg. Fair Poor <br />I ocation <br />El Over 75% ❑ 25% to 75% ❑ tinder 25% Property compatibility EK ❑ <br />BWtt UP <br />Rate 0 Fully Dev. ❑ Rapid ❑ Steady ❑ Slow Genere1 Appearance of Properties ❑ x <br />Growth <br />❑ Increasing ❑ Stable ❑ Declining Appeal x <br />Property Vales <br />❑ shav age Ella Balance ❑ Oversupply <br />Demand /Supply <br />Eilunder 3 Months ❑ 4 -6 Months ❑ Over 6 Months <br />Marketing Time <br />Present Land Use 90 % 1 Family�f�1I % 2.4 Family 0 % Apta. —0% Condo I % Con.nercial % lrwtl m,iW B % Vacant % <br />LJ Not Likely Likely ❑ Taking Place From N/A Td N/A <br />Change in Present Lard Use <br />a] Owner ❑ T. 2 % vacam <br />Predominant Occupancy <br />60,000 To s 250,000 Predomu ar1t Value f 130,000 <br />Single Family Price Range S <br />Sings Family Age 15' Year. To 100 Years Predominant Age S 0 Yrs. <br />Notes Fred&* Mac dues not conaFdr race w the racial eorvtP00111 n of the neighborhood to be mil lbN aPYnbal tactwr <br />Es tabl i shed reai dent ia1 area near <br />Comments inckdmg those tactors, favorabe or unlavaable. affecting marketaaiity 16.9. public PankS, xnod., vk:w, �xxsel <br />o ular Lake Minnetonka. Dwellings with lakeshore frontage are at higher values. Off the <br />water residences vary from older cottage type properties to newer modest dwelling Strom <br />anDeal for lakeshore property of any t <br />SUBJECT PROPERTY <br />Approximate Year Built 1g 0o No. Ums One No. Stories One PROPERTY RATING Good Avg. Fair Poor <br />Condition Exterior ❑ El Q ❑ <br />of <br />Type (detached duplex, sem-dd arc.) Detached <br />Canwpabloddy to Ne.phlj mood ❑ ❑x ❑ ❑ <br />Design (rambler, split level, etc.) Ramb 1 e r <br />Extarar Walla Material Wood lap Root Matenal As ha 1 t shin 1 d e App-- i Maiketab,kty X <br />Is the property located in a HUD- idemblied Special Flood Hazard Area? No X Yes 270178 0010 C - Zone A. <br />County, MN. Screened porch <br />Energy Efficient items Legal: Auditors Subdivision #273, Lot 8. <br />special <br />and Ratio. Electric baseboard heat. Electrical service is 200 AMP.C.B. and Plumbing is <br />or inial. <br />The improvements to the property show si ifican[ <br />Comeems llavaabborumavoradn uchding awy d6lenr'd mantenawx:al <br />drawback to marketability. Lot size is <br />amounts of deferred maintenance and will be a major <br />50LS x 150. Dwell' n used for seasonal occu anc . <br />•' <br />ITEM <br />SUBJECT <br />COMPARABLE NO. 1 <br />COMPARABLE NO. 2 <br />COMPARABLE NO 3 <br />3635 North <br />4365 Enchanted Pt. <br />3053 Lakeshore Blvd. <br />1767 Wildhurst Lane <br />Address <br />Shore Drive <br />Shorewood <br />Minnetonka <br />Mound <br />Proximity to Subject <br />2 -1 2 miles south <br />6 miles east _ <br />1 -1 2 miles west <br />Sales Price <br />$ N/A <br />$ 84,000 <br />4111 s 85,600 <br />$ 89.000 <br />VALUE ADJUSTMENTS <br />DESCRIPTION <br />DESCRIPTION + (-I S Adkrsiment <br />DESCRIPTION + ( -I $ Auwstnwd <br />DESCRIPTION + I-) S AlluiAl —A <br />Date of Sale /Time <br />12 -6 -89 <br />Sold 9 89 <br />Sold 2/89 <br />Sold 6059 <br />Localan <br />Good <br />Good l <br />Good <br />1 4ac 40' LS l <br />Good <br />1 Sac 80' I— 5 Tel 10 000 <br />Site /view <br />1 6ac 50' LS <br />1 Sac 57' LS l -5,000 <br />Age <br />1900 <br />1906 <br />1955 l -3,000 <br />1915 <br />Condition <br />Fair <br />Fair , <br />Avera a -5.000 <br />Av Fair -2,000 <br />Move Grade <br />ToIW tldma. —_- <br />awto <br />Tow& 60n.e. l OawM l <br />ll:kne tlatrr i <br />Teel 0dr..e. e.the <br />4 2 1 <br />4 2 1 <br />Room Count <br />Gross Living Area <br />2 1 <br />89/¢a. Ft <br />3 <br />J7 ffiq. Ft. +2,600 <br />005q Ft <br />$ 3 250. Ft <br />Heating/Cooling <br />Electric BB <br />Oil HW BB <br />FA Gas <br />FA Gas <br />+1,000 <br />Garage /Carport <br />Tan 2 car <br />D car ti, + 000 <br />Det 2 car -1,500 <br />De car <br />+2,000 <br />Porches, Patio, <br />Screened <br />Screened <br />None l +2,000 <br />l <br />None 1 <br />Pods, etc <br />N/A <br />N/A <br />N/A <br />Special Energy <br />N/A <br />i <br />i <br />Efficient Items <br />Other le.%kitchen <br />No bsmt. <br />Similar i <br />Similar i <br />Similar i <br />equip.. re+rlodeling) <br />Adi. (total) <br />+ — f <br />+ — $ <br />!Ind�icated value <br />s <br />s 80 000 <br />ubject <br />$ ,nn <br />All three co ables bracketed e vAlue a <br />cererel Comnenae <br />h ar t of-the Subject and r <br />The comparable me— <br />Th. rwam.wuan raven an ur'WWI i..k..wd ken an..sp.omo d ur neighborhood awl wwery <br />:epscs, a the ,,.d ,omny +•e •••i�•t 1 -9—be. Th. "'°""i0 n ivial ' a 01id December 6 89 <br />be of i0ir . 0 a. 80 000.00 y a t 16 <br />upon ens iaorr,"w .vd the M—Wdg. due ..omW.& Th. wpw ■ not e RaflY — ssataur tiALUa f , <br />e1]7y a 7"' Nagell 6 Company, Inc. <br />rd W. Luebben cone Appraiser <br />December 6 89 <br />rc,mlamcl <br />oaa ,t9 <br />ture <br />SLAKF.WOOO BUSNEaS FORMS 10001443 -1004 <br />Freddie Mac Form 704 <br />4167 02d') <br />• <br />