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SlaleMinne; ZiDCode ^5391
<br />County Hennepin
<br />RE.Taxes.?.L^^i^A•00_:.Spec.^^
<br />Assessor s Parcel No 11 ' ^ ' J. ii'JA*.......- - - ............ nmin^ni- ■ ^ Owner Tenant
<br />R.,nower client : c . W BIE^------- CnnenlOwne^ P..n r.„n.ln,n,nu.mmUpWorlT ^
<br />Property nqhts appraised TeeSj^ll:---------LmH!12!i!--------------m 'Lwnne b . 117 CensusT;!^
<br />NeiQhbortiood or Protect Name nescrmtio n and S amount ol loanjhat3es,'conces sions to be paid by selleL
<br />bAlC nlCC_j-----------------------------------------—---------____________________________ uKV'TK'pa. MM 5^391
<br />Vacant^
<br />/Mo
<br />tender/Client CLIENT: W. t C. BIELKE
<br />Appraiser William c. Warnor
<br />Aflfliess 2565 DUNWOODY AVE, HAYZATAj_tgj —55391
<br />Address Post omcp Bo:-: Orao. Way-.vit, Hn SS301-onoi
<br />' ] Suburban
<br />i i 25-75%
<br />[ • 1 Stable
<br />Location ■ Uiban
<br />Built up i ; Over 75%
<br />Growth rate l/j Rapid
<br />Property values i • 1 Increasing
<br />Demand/supply ; i Shortage
<br />Marlretinn time ' Under 3 mos
<br />■ ; Rur.tl
<br />i j Undei 25?3
<br />n Slow
<br />r ' Decliningr I Stable
<br />[ •* ! In balance ' Over supply
<br />V^tyeiinr] rime uriuci J iiiua . . o y.-jjyj-----u., —- ^
<br />Not*: Roco and th* racial compoalllon ol th* nolglibortiood ar* not appraisal tactor*.
<br />Neighborhood boundaries and characteristics plc_^e r>ee the attjac hcd_IHE:-------
<br />Over 6 mos
<br />Predominant
<br />occupancy
<br />! • i Owner
<br />i ; Tenant
<br />, •; Vacant (0-5%)
<br />Vac lover 5%)_____
<br />Single (amily housingngli ,
<br />PRICE AGE
<br />S(OOO) (yrs)
<br />75 Low NEW
<br />1.5 M HiOh BO
<br />'Predominant I
<br />J'
<br />Present land use %
<br />Onelamily __^
<br />2-4lamily ____
<br />Multi-family____
<br />Commercial ____
<br />iVACAN 15
<br />Land use change
<br />i Not likely , , Likely
<br />! In process
<br />Tho n,ial'h.,rho,..l i-l,.liv.-lY -Id, “i'h -- .. ,, , „,,llon.
<br />conaiionsSW mttaM (mcludins *«» » »«abm. conctoons .ehled to te Lend ptopea, .alu« «l m*«"S li™
<br />........rThe r eal o.-itat e m.u koL h.rs been ijooc- -i- - -~ ^ ^ ^ to hold the market down, and the
<br />,or .11 typ» ot ...I ...
<br />StraSiz^^ —
<br />n Appioximale total number ol units in the subject piuiecl ----------------------- PP
<br />™ Resrrrtbe common elements and recreational tacilities
<br />n,m>n..nns 165x350x155x310 (Public Hecor^
<br />Site area 52. boo square Feet Corntr Lot ! ! Yes [ •! No
<br />Hmhest & best use as impioved L •. PtesenLyi?---------Other use (explain]
<br />I.ake.shore Residential
<br />Utilities
<br />Electricity
<br />Gas
<br />Walei
<br />Sanitary sewer
<br />Storm sewer
<br />Public Other Ofl-sile Improvements Type
<br />Street Bitominouii
<br />Cuib/guUet None________
<br />Sidevralk Noi^e_________
<br />Public Private
<br />Sheet lights overhead
<br />AII m None
<br />, [?]LJ
<br />L ..
<br />I'l
<br />__ ' ..)n
<br />r. t
<br />1 -J u
<br />r ■’
<br />Topography
<br />Size
<br />Shape
<br />Drainage
<br />View
<br />Landscaping
<br />Driveway Surlace
<br />Typical of Lake
<br />Almost ie<|ulat _
<br />adequate _________
<br />Excel lent
<br />Good
<br />Concrete
<br />Apparent easements Utility 0'i T V--------—^—
<br />FEMA Special Flood Hazard Aiea ! Yes r j No
<br />FEMA Zone ___________MaP Date-------------------
<br />FEMA Map No^ " ■ /^I10y wont? __________________________L_.----------------—-------------
<br />SSriiSiSTatese e.«m.»U. ».c,oac«nls. ».c,J ass.««,«. «as. «. M
<br />GENERAL DESCRIPTION
<br />No ot Umts
<br />No ot Stones
<br />Type (Det./Att)
<br />Design (Style)
<br />Existing-Proposed
<br />Age (Yrs)
<br />Det
<br />EXIERIOH DESCRIPIION
<br />Foundation Cem Block —
<br />Exterior Walls Brick & Lap
<br />Root Surface
<br />apt it Lev^
<br />Existing
<br />Ftleriive Age (Yts) 20
<br />AsphCompShn
<br />Gutters & Dwnspts c.alv,________
<br />Window Type Wd casement
<br />StomVScreens included ____
<br />FOUNDATION
<br />Slab Nil
<br />Crawl Space No
<br />Basement
<br />Sump Pump No
<br />Dampness No
<br />Seltlement No
<br />ManulacUiieii House Ho
<br />2 Levels Belo
<br />BASEMENT
<br />AteaSg Ft 2, 352_
<br />% Finished 90
<br />Ceiling sR _
<br />Walls SR____
<br />Floor Carp
<br />Inleslation Mq
<br />Outside Entry Yes
<br />ROOMS Fuveiyi__4 Living
<br />Ba^ment
<br />level 1
<br />level 2
<br />Dining____Kitc hen _Den Family Bm Rec Rm
<br />2
<br />Bediooms,_# Baths
<br />3
<br />Laumliy
<br />NSULATION
<br />Root__
<br />Ceiling__
<br />Walls _
<br />Floor __
<br />None
<br />Unknown
<br />OJhei__
<br />Mud Rin
<br />____2,3S2
<br />_______
<br />1, 128
<br />I 0 Rooms 3 Bedfoom(s);Bathfs):3,168 Square Feet ot Gross livinq Are_a.
<br />INTERIOR
<br />Floors
<br />WaHb
<br />TfwrvTmish
<br />Balh Floor
<br />Material s/'Condition
<br />HdWd Tile Carpet
<br />SH _________
<br />Hd Wd
<br />heating 2 Furn
<br />Type For Air
<br />Fuel _____
<br />Conrfition ______
<br />Cer Tile
<br />BathWanscol cer Tile,
<br />Doors Hardwood
<br />COOLING
<br />Central
<br />Other
<br />r.nndilion CAC
<br />KITCHEN EQUIP.Anic AMENITIES
<br />Relrigeidlui i •.None I Fiieplace(s) #3
<br />Rangc/Oven i ■ j Stalls 1 1
<br />r- • -%
<br />Ratio ’ios
<br />Disposal 1 i Drop Stair L.negk Yes
<br />Dishwasher ; ■ ]Scuttle !Porch
<br />Farv'Hood i'l Root 1 Fence
<br />Microwave (• j Healed 1.1 Pool Yes __
<br />Wa^hr*ryD^^(er 1 • *Finished [ 1
<br />1
<br />CAR STORAGE:
<br />None
<br />Garage
<br />Attached
<br />Oetadied
<br />Built-In
<br />Carpurt
<br />Dtivpway
<br />3 Car
<br /># ul cars
<br />Additiory leatues (special energy efticient items, etc).
<br />c'pio.ooo th.-i- IS a sp.il ipygl or ='P“^ e^i. ----------—
<br />b^i-.i iino r'.ies i.mnosed by the ciry n, Orono.
<br />Fftddr* Mac Form 70 6ii93
<br />PAGE 1 OF 2
<br />Valuation Section UNIFORM RESIDENT
<br />= sESTIMATED SITE VALUE
<br />ESTIMATED HEPRODUCTION COST-NEW-OF IMPROVEMENTS
<br />Dwelling 3.168 So. Ft. @S 108.00 = $ 342. Md
<br />2, 352 Sq. FI. @S 95.00 =22.3. 440
<br />Pool, Decks^ and Patios
<br />Garage/Carpoit V77___Sq FI. @S 27.00 =
<br />1, A Estimated Cost New
<br />less Physical Functional
<br />AO,000
<br />20,979
<br />Depreciation 208,833 40,000
<br />Depreciated Value of Improvements
<br />•’As-is’' Value ol Site Improvements
<br />= S _ „
<br />Exlernal
<br />19,000 =S
<br />=S
<br />=s
<br />1 ITEM 1 SUBJECT COMPARABLE NO 1
<br />1 2565 Dunwoody Avenue,
<br />■ Address Orono
<br />2480 Old Beacli Road
<br />Orono
<br />■ Proximitv to Subiect Cl 117 1.86 miles
<br />1 Sales Price S S 800
<br />I Pnee/Gross Living Area S S 174.22 ■/
<br />■ Data andi'or
<br />1 Venfication Source
<br />MLS, Office Records,
<br />Records
<br />■ VALUE ADJUSTMENTS DESCRIPTION DESCRIPRON -!-(-)$ A
<br />1 Sales or Financing
<br />1 Concessions
<br />Conventional
<br />I Date ot Sale/Time 2/8/98 150 D
<br />1 Location Avq Avq/Gd
<br />1 Leasehold/Fee Simole Fee Simple Fee Simple
<br />fsite 52,800 SB 2 Acres -50
<br />■ View Excellent Excellent
<br />1 Design and Appeal Split Level Traditional -40
<br />1 Quality ol Construction Gd Gd
<br />■ Age 33 and Rmodle 42 and Remodi
<br />1 Condibon Avq/Gd Avq/GD
<br />■ Above Grade Total ; Bdrms Baths Talal Bdrms Baths
<br />Room Count
<br />Gross Living Area
<br />in 1 3 .2.5 J- ' 5 1.5 -5.
<br />3. 168 So FI 4, 592 Sd Ft. -100,
<br />Basement & Finished
<br />Rooms Below Grade
<br />2,352
<br />90
<br />RecRm Den
<br />Kitch .5 Bat
<br />Functional Utility Avq/Fair Avq
<br />Heatina^Coolinq 2GFA CAC GBA/CAC
<br />Energy Efficient Items Typical Typical
<br />Garaae/Caroort 3 Car Garaqe 6 Cars Storaq -20,
<br />Porch, Patio, Deck.
<br />1 Fireulace(s), etc
<br />Decks and Pat
<br />3
<br />Decks,PatioPo
<br />3
<br />1 Fence. Pool. etc.Pool + 15,
<br />1 Net Adi. (total)f-‘ 1 •• 1 _
<br />-I- • - S 200.
<br />1 Adjusted Sales Pnes
<br />1 of Comoarable S 600,
<br />Comments on Sales Comparison (including the subject property’s compatibility to the ne
<br />limits, howover in the price bracket of the subjec
<br />Vciried. In the instant situation site size, and t
<br />numbers of computables are limited. The price bre
<br />the market. The.se ure the besTcomparb] es avrjilab]
<br />ITEM SUBJECT COMPAWBLE NO. 1
<br />Dote. Price and Data None of the above have sold
<br />Source, fur prior sales
<br />within year of aDuraisal
<br />None available.
<br />INDICATED VALUE BY SALES COMPARISON APPROACH
<br />INDICATED VALUE BY INCOME APPROACH (it Amihcatitp^ EsfmatPtl R^nT
<br />This appraisal is made
<br />Conditions of Appraisal:
<br />^ • j “as is“ : subject to the repairs, aiterations. inspecui
<br />Please see the attached.
<br />Final Reconciliation The mar ket is the best indicator of va
<br />Approach to value sets the upper limit, delineates
<br />va1ue .
<br />The purpose of this appraisal is to esUmale the market value ot the real property that is tt
<br />and lin>itinQ conditions, and maiKet value definition that are stated in the attached Freddie
<br />I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERH THAT IS
<br />^ (WNICK «j THeBATg4)fAND THE EFFECTIVE DATE OF THIS REPORT) TO £
<br />APPRAISER. V / . ' ^ y.,V
<br />___t? r ‘A -k ^
<br />Naihe 1 i 11 am C. W..i i ne i
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