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J.Brown&Associates -, ertyDescription UNIFORM RESIDENTIAL APPRAISAL REPORT FlIeNo. 96070 Property Address 4943 Old Highway 8 City Mounds View State MN Zip Code 55112 Legal Description See Attached Addendum Section County Ramsey - Assessor's Parcel No. 1730 2311 0002 Tax Year 1996 R.E.Taxes$ 838 Special Assessments$ 51 Borrower Chester Gtisain Current Owner Chester Glisain Occupant [—I Owner (Tenant nVacant Property rights appraised [XI Fee Simple I I Leasehold Project Type I I PUD I 'Condominium(HUD/VA only) HORS N/A /Mo. Neighborhood or Project Name Not Applicable Map Reference 38-28 Census Tract 409.02 Sale Price $_ N/A Date of Sale N/A Description and$amount of ban charges/concessions to be paid by seller N/A Lender/client City of Mounds View Address 2401 Highway 10,Mounds View MN 55112 Appraiser James A.Brown • Address 11848 Monroe Street NE;Blaine,MN 55434 Location LI Urban I X1Suburban f_I Rural Predominant Single family housing Present land use% Land use change Built up I nl Over 75% [� [� occupancy PRae AGE One family100 IX Not likelyLikely r�25-75% Under 25% stow) (yrs) ❑ Growth rate ❑Rapid [IX]Stable ❑Slow [�Owner 65 Low 43 2-4 family ❑In process Properly values Increasing rxi Stable 0 Declining ❑Tenant 80 High 48 Multi-family To: Demand/supply❑Shortage CX to balance❑Over supply I Xi Vacant(0-5%) :IRO.Predominant Commercial Marketing time n Under 3 mos.f-1 3-6 mos. [X1 over 6 mos. f-1 vac.n.(over 4%)r-75 I 46 N Note:race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: The subject's neighborhood consists of two houses,the subject's home and a similar nstructure immediately to the north. See addendum for additional neighborhood comments. HFactors that affect the marketability of the properties in the neighborhood(proximity to employment and amenities,employment stability,appeal to market,etc.): B The subject is located in aB-3 commercial area Directly to the west is a mobile home park with a recreational-storm shelter building o that abuts near the subject's rearproperty_line_The subject's street is a frontage road for a part of highways I-35W and Hwy10. R This intersection createebdth nolse_and traffic nuisances. Thearea hag-good access to the freewayaystem for a 10 minute drive to H the downtown metro area. There are no neighborhood schools within walking distance,but the Mounds View School District is O noted for its excellence. A major shopping mall is within 5 miles. High 10 is commercially developed. O Market conditions in the subject neighborhood(including support for the above conclusions related to the trend of property values,demand/supply,and marketing D time •- such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions,etc.): The subject's home has not sold within the past twelve months and recently has been used as an income property. Marketing time is probably over 6 months,_Theneighborhood appearsto have average resale value due to its closeness to the Twin Cities,which _5 a_Ir-tajoullopPirlg.and emp oyrnn ent.center^Concessions from sellers usuallyyappee_ar_n_Qt necessary due to reasonable interest Sates., This appears-to be a-speciaf.jnarket and_mortgage money may not be available for this neighborhood. No special marke ing_. conditions are normal for residential zoned areas in Mounds View. Protect Information for PUDs(It applicable--Is the developer/builder in control of the Home Owner's Association(HOA)? U Yes L_]No Approximate total number of units in the subject project—___ Approximate total number of units for sale in the subject project r Describe common elements and recreational facilities: This section not applicable Dimensions 80 x 50 x 60 x 180 x 100 x 282.26 Topography Slopes toward southeast Site area Appx_56 Acre Corner Lot tEl Yes X No Size Average for area Specific zoning classification andI�description B-3,Highway Business Shape Irregular Zoning compliance Legal IJ Legal nonconforming(Grandfathered use) ❑Illegal ❑No Zoning Drainage Appears adequate View Hwy& Building-Below Av Highest 8 best use as imprwed_❑X Present use (�Other use(_explain)__— 9 9. Utilities Public Other Offsite Improvements Type Public Private Landscaping Below Average _ ID Electricity (XI 100 Amps_ Street Asphalt �__ ❑ Driveway Surface Gravel Gas [-XI Curb/gunOr None II I I�1) Apparent easements Drainage&Utility_&Hwy Water LXX Sidewalk None I_I I. _I FEMA Special Flood Hazard Area ❑Yes ❑X No Sanitary sewer rX] Street lights None_ L] f0f FEMA Zone— C Map Date Mar 2,1983_ Storm sower X Alley_ None _I� I 1 .FEMA Map No. 270379 0010 C Comments(apparent adverse easements,encroachments,special assessments,slide areas,illegal or legal nonconforming zoning use,etc.): There are no apparent adverse easements,encroachments�etc_that will negatively affect the property value. Legal-nonconforming zoning would prevent repairs for any need when cost exceeds 50%of market value. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No.of Units 1 Unit Foundation Conc BIk-Gd Slab NO Area Sq.Ft. 940 _ Roof ❑ , ,, D No.of Stories 1 StorExterior Walls _HOOD:F-Ave Crawl Space NO %Finished 0 Ceiling Avq U E y s Type(Det./Att.) Detached Roof Surfaces Asphalt-AvgBasement Full Ceiling Drywall - Walls Avq ❑ C Design(Style) Rambler Gutters&Dwnspts.Yes-Avg.—_ Sump Pump No Walls Drywall Floor — ❑ R1 Existing/Proposed osed Existing Type g p WindowT e Dble-Hun -G Dampness None Obser.: Floor Concrete None pi9/Pro p -- -- - -— — - -- P Age(Yrs.) 96"' Storm/Screens Combin's Gd Settlement None Obser. Outside Entry No Unknown r—i 1T Effective Age(Yrs.) 50 Menuiaclured I louse No Infestation None Obser. Area Norm" C ROOMS Foyer Living Dining Kitchen Den iFarnilyRm.l_Rec.Rm.IBedrooms _ #Baths —Laundry_ Other— Area Sq.Ft. N Basement o Levels 1 _..area 1 1 1 2 1.00 940 F Level P Finished area above grade contains: 5 Rooms; 2 Bedroom(s); 1.00 Bath(s): 940 Square Feet of Gross Living Area FI INTERIOR Materials/Condition I HEATING KITCHEN EQUIP. ATTIC I AMENITIES CAR STORAGE o Floors CarPet over Wd/Av Type F.A. Refrigerator [P] None Ii] Fireplace(s)It 0 ❑ None ❑ V E Walls Plaster/Avg Fuel Oil Range/Oven [Pt Stairs t---_-1 Patio __-- E• Garage 1 Pot cars M Trim/Finish Wood-Stn/Avg Condition Avg Disposal ElDrop Stair ❑ Deck — ❑ Attached E N Bath Floor Vinyl /Av_g COOLING Dishwasher I— I Scuttle [vvII n] Porch (J Detached T Bath Wainscot Fiberglass/AV Central No Fan/Hood ❑ Floor ❑ Fence ❑ Built-In g 9 g — Doors Wood :_/Avg_ Other None Microwave ❑ Heated Lr�i Pool 1=1 Carport Condition Washer/Dryer n Finished I I , h Driveway 3 Additional leatures(special energy efficient items.etc.): 5 Ceiling Fans. The site also has a 14 x 22 outbuilding that is used as a shop. See C addendum for additional comments on age,attic and site profile_ ____..____ —__.-._..__ — ____ __ O Condition of the improvements,depreciation(physical,functional,and external),repairs needed,quality of construction,remodeling/additions,etc.: No needed Mstructural repairs noted. County records indicate that the subject home was built in 1900 and moved onto a new foundation in late 1111 M 1940's at which time the home had a family room-porch added. The home has been updated(new windows installed)and appears. N to.have been maintained. No functional or external depredation noted___ -- T Adverse environmental conditions(such as,but not limited to,hazardous wastes,toxic substances,etc.)present in the improvements,on the situ,or in the S immediate vicinity of the subject property.: Property builtprior to 1978,lead based paint corrective measures are required. There is some _ peeling of painted window trim. The oil storage tank is located in the basement which appears to be in average condition. ') Freddie Mac Form 70 6-93 MacAppiaser'.neat Estate Appraisal Seltware by Bradford and Robbins(8001 622-0727. Fannie Mae Form 1004(6-93)