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<br />Nagell Appraisal Incorporated | 952.544.8966 Page 47 <br /> <br />Sales Comparison Approach -- continued <br /> <br /> Land Sale Comparable #2 <br /> <br /> <br />Property Data <br />Address: 4729 Grand Avenue Northeast, Columbia Heights <br />PID/Legal Description: 253024320064, 253024320065, 253024320072 <br />Description: Land parcel Zoning/Intended Use: Apartments <br />Physical Characteristics: Average Utilities: Public <br />Site Size: 214,751 SF Improvements: None <br />Comments: Average appeal apartment land with a proposed 83 unit structure. <br /> <br />Sale Data <br />Sale Price: $1,200,000 Price/Unit: $14,458 per unit <br />Sale/Close Date: December 1, 2017 Sale Terms: Financing <br />Buyer: Columbia Heights Leased <br />Housing Associates III, LLLP Sale Conditions: Typical <br />Seller: Grand Central Properties, <br />LLC Source/Verification: RediComps / CREV <br />Comments: The property was listed on the open market. <br /> <br /> <br /> <br /> <br /> <br /> <br />