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Page 3 Greg and Jackie Gerard Continued... <br />Homeowners valuation of property located at 2610 Mapleridge Lane, Orono <br />Property ID 21-117-23 21 0009 <br />Condition of Property <br />- Close to lot lines <br />- Close to hard cover limit <br />- 60 feet of shoreline <br />- Easement by neighbor <br />- Riparian rights to shoreline <br />- Drainage <br />- Oak trees <br />Rate of Inflation <br />- Purchase Price -$250,000 x 1.03% = $257,500 1994 <br />- 1995 $257,500 x 1.03% = $265,225 <br />- Value of Home based on CPI = $265,225 <br />Property Comparison <br />- Minnetonka Beach property on Lafayette Bay <br />more square footage, SW view, 120’ of shoreline <br />listed $224,900 sold for less