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Agenda - Council - 04/09/2019
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Agenda - Council - 04/09/2019
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3/17/2025 2:27:29 PM
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4/22/2019 4:17:01 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
04/09/2019
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Sales Comparison Approach -- continued <br />Sale Comparable #4 <br />9 <br />T <br />9535 Highway 10 Northwest <br />Ramsey <br />Comm / Dealer use property <br />Sold on 5/15/2018 for $300,000 ($109.33 per SF) <br />I <br />g f: <br />3 <br />k p •,r <br />Property Data <br />Address: <br />9535 Highway 10 Northwest, Ramsey <br />Property Use: <br />Comm / Dealer <br />Tenancy: Single <br />Year Built / Effective Age: <br />1966 / E25 <br />Site size: 41,818 SF <br />Quality/Appeal: Average <br />Land to Bldg Ratio: 15.2 to 1 <br />Condition: <br />Average <br />Parking: Adequate <br />GBA: <br />2,744 SF <br />Comments: <br />Comm/Shop property located in Ramsey. Property has a single-family house on property <br />as well as a detached ga age. Garage and house do not appear to be included in GBA, <br />factored in overall appeal of property, see grid for adjustment. Office finish factors in <br />house, estimated. Property used due to proximity to subject and exposure along Highway <br />10. <br />Sale Data <br />Sale Price: <br />$300,000 <br />Price /SF (GBA): $109.33 per SF <br />Sale/Close Date: <br />May 15, 2018 <br />Property Rights: <br />Fee Simple <br />Buyer: BCD Properties, LLC <br />Financing: <br />Conventional <br />Seller: Westmand Acquisition, LLC <br />Conditions: <br />Typical <br />Source/Verification: RediComps, CoStar/ CREV <br />Comments: <br />The property was listed on the open market. <br />
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