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. . W. J . SI�1E, JK. PFtUPF.�:R'1'Y I .D. 17-117-23 42 d017 <br /> 2106 SHAUYWODU ROAU <br /> WAYZA7'A, h1INNESOTA 55391 <br /> ASSF..SSOk 'S VALUI�TIONS <br /> 1980 1981 1982 <br /> $ 138 ,200.00 S 175,400.00 S 190 ,200.00 <br /> EXA61PLf: UF THE CASFI EQUIVALFNT E�'FFCT UCJ THE ASSESSOR'S VALUATION <br /> THE LEGAL DEFINITION OF MAKKF.T VALUE: IS THE CASH VALUE OF A PROPERTY. <br /> THE ONLY WAY TO SELL THE Fi0(�tE USFll IN 1'IiIS EXAMPLE FOR THE PRICE PUT <br /> UN IT BY TEIE ASSESSOR IS TO PROVIDI•' BF.I.UW MARKET FINANCING T(�'E{E <br /> BUYER IN THE FORM OF A CUNTRACT FOR DEE�. THEREFORE, TfiE VALUE OF <br /> THIS PROPERTY IS S 147,420. 00. <br /> ASSESSOR'S CURRENT PRICE STATED $ 190,200.00 <br /> ASSUMING A 25� DOWN FAYMENT — 47,600.00 <br /> CONTRACZ' FOR DEED $ 142 ,600.00 <br /> ZN ORDER TO CASH UUT 'I'tilS CONTRACT FOR UEED, IT MUST BE DISCOUtdTED BY <br /> A MINIMUM OF 308. <br /> S 19�,200.00 <br /> 308 DISCOUNT — 42,780.00 <br /> MARKET VALUE _ $ 147,420.00 <br /> THIS .CASH EQUZVALENT PRINCIPLE IS AN ACCEPTED TOOL USED TO APPRAISE <br /> THE VALUE OF PROPERTY BUT IT HAS NOT BEEN USED BY THE HENNEPIN COUNTY <br /> ASSESSClR. ' <br /> � <br /> � <br /> ' � f <br /> . � <br /> . � <br /> . . ; <br /> i <br /> � <br /> . . <br /> t <br />