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FROM :`THE TAYLOR "APPRAI"SAL CO. <br />PHONE NO. : 6125429381 Jul. 17 2000 12:29PM P2 <br />THE TAYLOR .A PPRA.IS AL COMPAN Y <br />3�? ylff? s1?' �9P� 'ftL- d'+ifSPi�BcGiU:daSt;i "w,�; <br />REAL t.STA1E APPRAISERS ' ANALYSTS <br />July 17, 2000 <br />Mr. William G. Hawkins <br />Hawkins & Associates <br />2140 Fourth Avenue <br />Anoka, NLN 55303 <br />RECEIVED <br />JUL 1 9 2000 <br />CITY OF LINO LAKES <br />RE: INDICATED VALUE INCREASE DUDE TO THE PROPOSED INSTALLATION <br />OF CITY SEWER AND WATER IN THE TWILIGHT ACRES 1ST AND 2ND <br />ADDITIONS, LINO LAKES, MN <br />Dear Mr. Hawkins: <br />Enclosed you will find the preliminary results of the research our firm did to determine <br />what additional value the subject lots could expect if city sewer and water were to be <br />install ed. <br />There are ten (10) homes that sold in 1998/1999, all of which did not have public sewer, <br />nor water. They are labeled subject on each of the ten (10) attached pages. <br />Each sale has a set of five (5) comparables, all of which had city sewer and water. The <br />comparables are similar to the subject on their corresponding page. <br />A summary of this study is shown below. <br />TABLE ONE <br />Address <br />Subject Sale <br />Without <br />Sewer and Water <br />Avg. Adj. Sale Price of the <br />Five Comparables That <br />Have Sewer and Water <br />Difference or Value <br />Contribution of City <br />Sewer and Water <br />819 Orange Street <br />$118,085 <br />$121,763 <br />$3,678 <br />836 Olive Street <br />$129,500 <br />$129,338 <br />$ 162 <br />7718 Country Lane <br />$115,000 <br />$117,295 <br />$2.259 <br />7599 Jenne Drive <br />$134,295 <br />$134,603 <br />$ 308 <br />8109 Diane <br />$130,553 <br />$128,711 <br />(51,842) <br />7769 Mcadowvicw Trail <br />5116.277 <br />$117,843 <br />$1,566 <br />819 Orange Street <br />$131,849 <br />$132,590 <br />$ 741 • <br />8028 Danube Street <br />$133,000 <br />$134,047 <br />$1,047 <br />843 Orange Street <br />$133,643 <br />$142,338 <br />$8,595 <br />855 Oran c Street <br />$130,255 <br />$1432388 <br />$13,133 <br />5955 GOLDEN VALLEY ROAD, SUITE 201, MINNEAPOLIS, MN 55422 . 612/544 -9860 • FAX 612/542 -9381 <br />