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The EMV of 1955 Heritage Drive is 75% of 1000 Heritage Lane. Applying the same 75% ratio to the $147,500.00 sale would indicate an Estimated Market Value for 1955 Heritage Drive of $110,625.00.The land to building ratio for 1000 Heritage Lane is 43% land, 57% building. Using the <br />$147,500.00 sales price, a building value of $41.66 is therefore indicated. <br />Extrapolating the $41.66 per square foot of building to the 1,665 square feet of 1955 Heritage <br />Drive indicates a building value of $69,363.00. Even if you add a land value of $62,000.00, the <br />total Estimated Market Value of 1955 Heritage Drive would be $116,181.00. <br />Lastly, using the actual saies price for 1000 Heritage Lane of $147,500.00, divided by the 2,018 <br />square feet of house shows a land and building value of $73.09 per square foot of building. <br />$73.09 multiplied by the 1,665 square feel of 1955 Heritage Driv>^ indicated an Estimated Market <br />Value of $121,698.00. <br />Whichever method or methods the Local Board of Review uses to consider this appeal, the <br />indicated range of Estimated Market Value for 1955 Heritage Drive must fall between <br />$110,000.00 on the low side and $122,000.00 on the high side as based on reported and recorded <br />market sales data from properties similar to ours. <br />Respectfully submitted, <br />Ei^ne Clark <br />19^ Heritage Drive <br />Orono, MN 55391