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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~Lties listed above provide the basi~ for comp~Lso~ <br />in a~e fou~ tasks (A, B, C and D) of Pa~t I~, tl~e followin~ <br />d2scussion ia applicable to a~l of them. <br /> <br />The validly of thia analysi~ L~ dependent on the simila~Les <br />of the units being compared (refe~ed to as samp£e st~fic~tion). <br />What are those factors that co~9~bute to the value of hom~, <br />bu~in~ses and proper~xj? Seve'~al w~e listed in tl~e RFP: <br /> <br />. Construction type/style <br /> <br />· Square footage of f£oor ~ea <br />. The lot that the structure occupies <br />. Type of street that the ~u~tu~e front~ on <br /> <br />Bu~ there are several othey~ mo~e ~ubject~ve facto,~ that wLLL <br />lik~y affect the value more than its proximity to an adverse <br />land u~ e, including: <br /> <br /> Image of community <br /> Imag~ o~ the whole sector ~' <br />· ~ .~h~ m~tropo~Ztan area <br /> Acc~sib~y <br />. Neighborhood (and ne~by dcv~lopme~--maybe next,door) <br /> Age/m~y of commu~y and neighborhood <br /> N~ con~Lo~ <br /> City req~e~ (not o,~u the 8~e b~ng a,~yzed b~ <br /> wh~ wo~d be <br /> P~cep~on of school ~yat~ <br />. Prox~y to commu~y .fac~tLms <br /> Lev~ of C~y s~vic~ <br /> <br />We propose a reevaluation of .t;~ communities selected for <br />comparison so that thc r¢~u~ of the ~tudy w~ be ~ v~d <br />a~ po6sib~e and w~ ~tav~ .the ~6~ ~hood of succe~f~ <br />c h~ eng <br /> <br />6 <br /> <br /> <br />