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PiN # SALE ADJ. SiZE SIZE S/ACRE $/SF LND WOED LEGAL DATE PRICE ACRES SO.FT. ZNG S&W 7ONE ~ 132522001 3 1 9-Jun-89 $22,410 2.50 108~698 $8r964 $0.21 SFR W L1B3BARTHELS RMRVR2ND 1325230001 25-AU~-89 $19r710 2.51 109r305 $7~853 $0.18 SFR L6B4BARTHELSRMRVR2ND 1325230003 1 9-Jun-89 $17,000 2.80 121 ~924 $6r071 $0.14 SFR L4B5BARTHELSRUMRVR2ND 1325230010i 1 9-Jun-89 $21,900 2.50 108,958! $8~760 $0.20 SFR _3B8BARTHELSRUMRVR2ND 13252200121 8-Jun-89 $2,4~900 2.59 11 2,590l $9~614 $0.22 SFR L2B2BARTHELRMRVRACRES; 1325430020 18-Jan-S9 $25~600 0.85 37~128 $30~118 $0.69 SFR L2B1 REILLEYESTATES3RD 1425110016 8-Apr-89 $25~900 2.67 116~204 $9?00 $0.22 SFR L1B2BARTHELRMRVRACRES; 1425110018 22-Feb-89 .$22~000 2.50 108~750 $8~800 $0.20 SFR L2B4BARTHELRMRVRACRES; 1425110015 19-Jun-89 $18~000 2.55 111~200 $7~059 $0.16 SFR IL1BIBARTHELSRUMRVR2NDi 1425110019 30-Jun-89 $21~900 2.49 108~500 $8~795 $0.20 SFR L3B4BARTHELSRUMRVR2ND 25251 20003 31-Jul-89 $.23~500 0.27 11~856 $87~037 $1.98 SFR S&W L2B1 RIVERS BEND 25251 20004 1-Nov-89 $21~500 0.29 12780 $74~138 $1.68 SFR S&W L3B1RIVERS BEND 2525120012 18-Sep-89 $23~5o0 0.29 12~6o0 $81~o34 $1.87 SFR S&W L6B2 RIVERS BEND 2525120022 24-Ma),-89 $27~000 0.28 12~369 $96.429 $2.18 SFR S&W L3B3 RIVERS BEND 2525120036 11-Nov-89 $254000 0.27 11~700 $92~593 $2.14 SFR S&W L17B3 RIVERS BEND 2525130014 29-Jun-89 $25~000 0.28 12~O90 $89~286 $2.07 SFR S&W L15BSRIVERSBEND 2525430022 14-Nov-89 $25~000 0.29 12~600 $86~207 $1.98 SFR S&W L2.B8 RIVERS BEND 2525430034 15-Dec-89 $27~000 0.27 11~760 $100t000 $2.30 SFR SWW L5B1 RIVERS BEND 2ND AVERAGES ZONE2 $231157 1.46 63~390 $45~137 :$1.03 As the table above indicates, the average land sale in Zone 2 was $23,157.00 and was approximately 1.46 acres in size. Most of these lots were smaller in size. The average was considered to be ar, accurate indicator of the actual lot values of the land in question. Applying a 90% multiplier to the $23,157.00, a value of $21,000.00 was determined to be used as the base value for properties in this zone. One item worth noting in the zone or neighborhood would be that the smaller lots with sewer and water exhibited very similar values to those lots which did not have sewer and water but were approximately two and one-half acres in size. It was concluded that a base value in this neighborhood be applied equally to smaller lots of one-third acre or less which had sewer and water as opposed to two and one-half acre lots without sewer and water. The next zone or neighborhood to be described would be Zone 3. Zone 3 comprises a large portion of the City of Ramsey which is best described as those properties comprised of lots less than five acres and exhibiting land values for similar one acre lots of approximately $14,000.00 to $18,000.00 in value. Most of this neighborhood is located in the middle and eastern portions of the City of Ramsey and many of the improvements were built in the early 1970's with some properties being built in the late 1970's and early 1980's. Most of the improvements in this zone consist of ramblers and split foyers ranging anywhere from 1,000 square feet to 1,500 square feet on average with usually a two car garage. The table below Chows seven sales located in that neighborhood from July, 1988, to September, 1989.