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PART I1: METRO AREA WIDE COMPARISON <br /> <br />Determine market values of three typical homes in Ramsey <br />valued at $67,000, $80,000 and $100,000 if these homes were <br />located in the following cities: <br /> <br />Spring Lake Park <br />Apple Valley <br />Champlin <br />Plymouth <br /> <br />Comments: <br /> <br />Homes used must be of similar style construction, age, square <br />footage and located on a comparable lot. <br /> <br />As the commu~Ltles li~ted abov~ provide the basL~ fo.~ comparisons <br />in al~ fo~ tas~ (A, B, C ~nd D) of Part Il, the following <br />d~cussion is applicable to ~ of them. <br /> <br />The validity o~ tills analy~i~ L~ dependent on the aLmLlariZLea <br />of the uni~ being compared (rcf~ed to as .~ample stratification). <br />What are tho.~e factors that contribute to the v~lue of homes, <br />busin~s~ and properXu]? Several wm~e listed in the RFP: <br /> <br />· Construction type/style <br />. Squ~re footage of floor <br /> The lot that the st~uctz~t¢ occupies <br /> Type of s~ree~ lhat the ~L~ucture fron~ on <br /> <br />But there are sev~al other, mote ~ubj£ctive facto,t~ that will <br />~ikely affect the value more t;.:an its proximity to o~ adverse <br />land us e, including: <br /> <br /> /mage of commu~ty <br /> Image of the whole sector -' <br /> ~ ~ ~i~e m~topoLiCan area <br /> Acces.~ibility <br /> Neighborhood (and ne~by dcvelo~e~--maybe ne~,door) <br />. Age/m~y of commun~y and n~ighbo~ood <br /> N~ con~Lo~ ( <br />. City req~e~a (not e~u the a~e being a~yzed b~ <br /> wh~ wo~d be <br /> <br />W~ t~ropoae a reevaluatLon of ~;,.~ ¢ommunLtie~ .,,e~_~cted <br />com/;~tLSon so th~ thc' ~e~uLt5 of the study w~ be a~ vattd <br />a~ pos~ib~ a~ w~ llav~ thc ~ast ~h~Lhood of succe~ <br />ch~engea. <br /> <br /> <br />