Laserfiche WebLink
I Merrill Lynch Realty <br />Burnet <br />ST. LOUIS PARK OFFICE <br />7035 WAYZATA BOULEVARD <br />MINNEAPOLIS. MN 55426 <br />(612) 546-3200 <br />» • <br />2/20/84 <br />TO WHOM IT MAY CONCERN: <br />I have been asked to give my opinion regarding the fair market value <br />of the lot and proposed Improvements thereon legally described as follows: <br />Lot 10 and that part of Lot 9 lying Northwesterly of <br />a line running from a point on the Northeasterly line <br />of said Lot 9 distant 15 feet Northwesterly from the <br />Easterly corner of said Lot 9, all In Block 3. “Bergquist & <br />Wicklund's Park, Hennepin County, Minnesota." <br />• 9 <br />I have been selling real estate In the Lake Minnetonka area for over <br />8 years. Including a number of homes and lots In the Hound-Orono area. <br />Following are my opinions as to a fair market value of the lot and the <br />proposed home based on the current real estate market: <br />I. <br />Estimated construction costs per square foot. <br />$50.00 X 1176 ft. <br />$30.00 X 1176 ft. <br />$58,800.00 <br />$35,280.00 <br />Estimated Fair market <br />of lot <br />Total <br />$10,000.00 <br />$ld4,080.00 <br />I used $50.00 per square foot for the upper level construction costS" and <br />$30.00 per square foot for the lower level construction costs as these figures <br />are neither bargain basement nor opulent but somewhere In between. Further <br />these figures appear to reflect the type of construction which the contractor <br />has In mind. <br />A SUBSIDIARY OF <br />MERRILL LYNCH REALTY ASSOCIATES INC. <br />r f' ’ ^ 4. ^ y^‘ " ,t Tv - . *-7 r-' <br />Compare <br />(Taken <br />#20602 NEW I <br />YlliUffmilACMU <br />tlA—WMmWW <br />•V •: v:. :.'. <br />Olvei <br />marki