Comparable Sale #1

Address:

~ 1609 Jackson St., St. Paul

Sale Price: Date of Sale:

$125,000; $9.56/sf April of 2025

Gurney, LLC (JB Vang) Mai Neng Vang & SengHoung YongPao

Buyer: Seller:

Land Size: 13,068 sf Zoning: RM-1

The quick brown fox jumps over the lazy dog.

Financing:

Cash

Lots 7, 8, 9 & 10, Block 9, Gurney Highland Park

Legal:

Parcel #: 19.29.22.21.0048; 0049

eCRV# 1755533 Buyer 651.300.7961

Confirmation:

Remarks:

This wooded parcel lies on the west side of Jackson St., north of the CBD in a mixed-use area just south of Wheelock Parkway. The two parcels were independently acquired in August of 2024 for a combined price of $90,000 in separate transactions. The buyer is a prominent developer in the St. Paul market and is proposing to develop the property in conjunction with the HRA for a proposed 60-80 unit affordable housing project by including adjoining HRA land (19.29.22.21.0112). The parcel has minor soil contamination and according to older soil reports has fill in some areas. This parcel was assembled with the adjected parcel to the west (Comp #2) for the proposed development in conjunction with the HRA parcel.