Agenda - Council - 02/08/1994 - Laserfiche WebLink

Home

Rivers Bend ~ LOT [ '['OTAL ~;,~LUE [ ' NUMBER AVER^GE YALUE TYPE , ,! t, (000) UNITS (000) 'rnrou~h street 9,649 ...... ..t 7.3 ' i 124 ,.2ul-de-sac 846 J 6I i 4 ] dyer crave 7,020t 36 ! 195 lq. ix,er cut-de-sic J "2',,,3,27 ! t.~ ..... !, ]79 Average value of homes (based on tax roll valuation) on through streets is 14 percent less (517,000) than on cut-de-sac lots. This increase in value equates to approximately $62.42 per 3'ear. Thc values used for this area include land values. Average value of homes (based on tax roll valuation) on through streets is 57 percent less ($70,680) than on through streets on natural amenities (Rum River). The date which homes were built ma)' affecl the value of the homes on different lots. This may explain the difference between the values on the river drive compared to the river cup de-sac. Ail of the homes on the cul-de-sac were built in or ly'~fore 1990. The estimated additional time spent for snow plowing a cut-de-sac compared to a through street is ten minutes. Using this number, in an average yea.r, the City would see an additional cost of approximately $26. Flintwood Hills " LO+ i TOTAL VALUE 'i Ih'UMBER i TYPE (000) UNITS Through street I 6.7 ] 6 85 j SuJ-oe-sac ! i, ] a~ I !5 J . 76.27 _ i~Uad Lots ! 2,705 j 42 [ 64.40' AVERAGE VALUE (000) 79.01 Average value of homes (based on tax roi1 valuation) on through streets is 3 percent more ($2,288) than on cuLde-sac lots. The values used for this area include land values. The lower average value of the homes on cut-de-sacs ma), be reflected by the date of construction. The average date of construction for the homes on cut-de-sacs was Jul), 1986, compared to the average of the rest of Ffintwood H. ills which is t988. Due to the limited access for this subdivision, the cul-de-sac effect ma), in fact be diluted Mth the interior lots benefiting from the lack of a su'aight through street in the subdivision. This ma3', in fact, add to the feeling of a neighborhoocL The greatest v. verage value for homes in this subdivision occur along Barium Street N.W. with an average value of $81,99t. The least expensive was along Dysprosium Street N.W., south of t41st Avenue N.W. (Quad Lots) at $64,395. When adjusted for land value (5;i4,200 for interior lots and $5,000 for quad lots) this is a 12 percent difference. The cul-de-shcs in this subdivision are short (approximately t00 feet long) compared to other subdiv/sions which have cul-de-sacs up to 700 feet long.