Real Estate Appraisal Report - 1984

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lit. I l - 1 3HO lir 1111- MARKET DATA-PRIVATE SYSTEMS Sale #.1 4605 Balsam St. Medina, MN This 3 bedroom rambler sold in June, 1984 for $66,000. The finished area is 960 SF and is in equal condition as the subject. There is no garage with the property. The location is better than the subject, there is professional landscaping on the lot. The residence has 2 fireplaces . The lot size is larger than the subject. Recent renovation includes new carpeting, new exterior paint and interior paint. Adjustments for this sale include condition, garage, screened porch, fireplaces , location amounting to $5 ,900 indicating a value for the subject of $60,100. Sale #2 615 Clarence Ave. , Minnetrista, MN This 3 bedroom 1000 SF residence on a 1 acre site west of the subject sold for $60,000 in May, 1984. The property has a one car tuckunder garage. The location is equal to the subject, the site is larger but has no advantage over the subject. The condition is equal to the subject with regular upgrading of the interior having been accomplished in the past 4 years . The adjustment of $3,000 indicates a value for the subject of $61 ,000. Adjust- ments include finished area and garage. Sale #3 290 Crestview Ave. Orono MN This 2 bedroom rambler sold for 59,000 in August, 1984. The location is equal to the subject, the site is larger. The finished area is larger than the sub- ject and includes a 2 car garage. Adjustment for the location, site and finished area amounts to $1 ,000 indicating a value for the subject of $58 ,900. Based on the analysis of the sales and the required adjust- ments to those sales when compared to the subject property, the market range for the subject is $58 ,900 to $61 ,000.