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Tourangeau 2060 Spates <br /> MARKET DATA-PRIVATE SYSTEMS <br /> Sale #1 <br /> 1652 Homestead Trail, Medina, MN This older 2 story with 4. 79 acres <br /> of land sold in July, 1984 for $145 ,000. The finished living area <br /> comprises 2148 SF on two levels. The property includes a 2 stall <br /> horse barn and fenced pasture. The location is inferior to the <br /> subject , the site is larger and the finished area is larger. The <br /> age of the sale property is unknown but it was remodeled in the <br /> past 10 years. The subject has been remodeled and updated contin- <br /> uously over the past 20 years . We adjust for the finished living <br /> area, the site and location. The adjusted value of the subject <br /> is indicated to be $116, 240. <br /> Sale #2 <br /> 40 Smith Ave, Orono, MN This 1948 Cape Cod with two levels finished <br /> sold in June, 1984 for $118 ,000 on a C/D. The improvements include <br /> 3 bedrooms , and 2 baths , fireplace, and 1680 SF of living area. <br /> The finished area requires adjustment giving an indicated value for <br /> the subject of $116 ,000. <br /> Sale #3 <br /> 121 County Rd. 19 Independence, MN This older farm home on 19 .4 <br /> acres sold in February , 1984 for $125,000. The finished area com- <br /> prises . 1655 SF with 3 bedrooms , 2 baths, 2 fireplaces , detached <br /> 2 car garage and older barn. The residence requires at least $15 ,000 <br /> in remodeling cost to equal the subject. The 19.4 acres is of <br /> greater value than the subject site. The adjustments required <br /> for this sale include remodeling, site value and fireplaces . The <br /> adjusted value for the subject property is indicated to be $113 ,000. <br /> These adjusted sales indicate a value range for the subject of <br /> $113,000 to $116, 200. <br />