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All electronic signatures <br />signing appraiser. No <br />t LEGAL <br />j SW 1/4 <br />604.68' <br />subject <br />on this report have a security feature maintained by individual passwords for each <br />person can alter the appraisal with the exception of the original signing appraiser(s). <br />DESCRIPTION <br />of the NW 1/4 lying easterly of c/I of Elmcrest Avenue N. as presently laid out except the south <br />thereof Section 30, Township 31, Range 21 this tract contains 645,770 sq. ft. -14.82 Acres m/I and is <br />to the right of way of said Elmcrest Avenue N., Hugo. <br />ADDITIONAL FEATURES <br />Metal outbuilding w/ .50 bath, concrete floor, electricity, heat and oversized garage door (3936 sq. ft). Log <br />cabin guest house w/ small deck, heat, phone and electricity. Subject is a custom built log home w/ an <br />attached heated 2 car garage. Vaulted log beamed ceiling throughout, wide planked yellow pine wood floor in <br />foyer, living room, kitchen, dinette, dining room and 2 bedrooms, skylights in bedrooms, living room and <br />kitchen, ceramic tile floor in garage entry and .50 bath/pantry, marble floor and clawfoot bath tub in 1.00 bath, <br />floor to ceiling stone fireplace in living room, see through fireplace in unfinished area of basement. There is a <br />.75 bath in the basement with working fixtures, but with unfinished ceiling, walls and floor -considered plus <br />factor only on appraisal -no value given on appraisal. <br />SALES COMPARISONS COMMENTS <br />Extremely difficult to locate comps. similar to subject. After searching subject's county and surrounding <br />counties through MLS, unable to locate a log home comp. similar to subject. Comps. are considered to be the <br />most proximate, similar & most recently closed sales available for use in this appraisal report. Comps. are <br />from areas over 1 mile in distance from subject. Difficult to locate comps. on larger acreage sites -comps. <br />chosen deemed best available. Marketing adjustments applied for smaller site sizes of comps. compared to <br />subject's acreage site. Minimal marketing adjustment applied to comps. for lack of an outbuilding similar to <br />subject. Minimal marketing adjustment applied for comp. 1's inground pool due to limited use in MN climate <br />and negative market acceptance. After extensive research, comps. are considered to be the most similar <br />compared to subject. Comps. lend support to an ascribed value of approximately $580,000 to subject. <br />