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~~f- o2c~on ~~mqui.st ~ Q~ssOCLQ~ES, .~rtc. <br />REALTOR5 -- APPRAISERS <br />fi12!636.1950 <br />60 INNSBRUGK pFFICE PARK <br />2722 HWY. 694, NEW BRIGH70N, MN 55112 <br />January 2, 1985 <br /> <br />Mr. Gordon Hedlund <br />1'55 Pike Lake Drive <br />New Brighton, MN 55112 <br />pear *Sr . Hedlund <br />According to vaur request i have made a studL of the twn parcels <br />of land identified as Parcel 1 anc Parcel 3 on pale one of the <br />It is my opinion that neither parcel has mare than token value <br />unless combined with adjacent property. Comparable sales indi-- <br />cate $1.50 per square foot for land comparable to the subject <br />Parcel ~t2, and it is estimated that Parcel ,`1 has a market value <br />for scenic park of $1.00 per square foot. Hedlund Parcel ~t1 <br />has 8,531. square feet. and Cit}~ property, Parcel :"' has 5,952 <br />square feet, which indicates a value then. of sa~• S$,900. for <br />the Citz• property and $8,500. far the Hedlund pronertt-. <br />In my opinion neither parcel is saleable or has market value unless <br />used in conjunction with adjacent land and each parcel is of <br />approri~nate equal value as of December 28, 1984. <br />Xou>`s truly, <br />GOItpON EI~*1QtIST & A55GCIATES, INC.. <br />/ ~~ <br />Gordon E. Elmquzst, SAE~I <br />GEE:vhd <br />attch <br />~J <br />Gordon Elmqui5l SREA. MAI - Memper ~! $Pnety Ot Rpa! Estate Apprar5er5 • Amentan Institute OI Real Estate Apptar5ers <br />51 Paut Board Realtors M~nneaool~s Board Rea'tors St Pau' MLS M~nneapgli5 MLS <br />