Agenda - Council - 03/27/2007 - Laserfiche WebLink

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hle No. 07FEB22D l RAMSEY Uniform Residential Ap praisal Report Fk# 07FEB22D • URAR: Sales Comparison Comments Limited sufficient sold 1.1011111 arables in this market area made it necessa to extend the search be and the su ested 6 month time and distance uidelines. The market has softened in the face of an economic slowdown. Chan es in this market indicate that no time /market ad'ustments are deemed necessa . Variations in des! n and architectural features are in the immediate nei hborhaod and market area. The a raiser has used ex erience assessors tax records and knowted a obtained from local market in detemh s icat comparable ad'ustment estimates. bite adjustments are not necessaril made for size alone but rather for the uali of the h characteristics. Ad'ustments in the com arable safes rid are Sub'ective and in some instances reasonable consideration is to de reciation. The a raiser has found throw hex erience and her review that the value ad'ustments made are com arable to ad'ustments of other racticin a oraisers. The direction of ad'ustments is mixed and the sub ect is bracketed. All three com arables are su erior in rocs livin area. Com one is the most similar in design features. Cam two is the most recent and the least ad'usted. Gam three is the most roximate. E ual wei ht is s I on.aii three com arables. The value derived from the direct sates com arison a roach is well su arted b cam one and three and less strongly §upoorted by camp two. The Final Value is rounded down the ne A arest $1 000 from the DSC roach infiuenced b current market trend to s. ;. :. CtTIIPEAOfYitl° 3 noire aired, Fk Provide adequaletrdamoon for the tendertcliem to r epicale the below cost figures and calculations. Su n for the a imon of site value (summary of comparable land sales or other meavis for estimann site value Site value reflects County Assessors Estimated Market Value. $78,000. OPHON OF ........................ .._. = ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW DWEWNG 511E VALUE.... --- .--- -- -........... =5 Source of cost data S .Ft @ $ Sa.Ft $ - ...... =S Quality railing tram cost service Effective date of cost data =S - Commems on Cost Approach mss livin area calculations, d iation, etc. The costa roach was nat utilized per recent Fannie Mae i idefines. 7o a tal a timate Cost New S .Ft S =S Less P sieal Fun—oal nr External nnwintinn _ _ _$ Freddie Mae Form 70 March 2005 Pages 01 hi Form 1004 — WnTOTAV appraisal software by a la mode, inc. — 1.800- ALAMOOE —107—