Loading...
HomeMy WebLinkAboutCity Council Packet 05-22-1990 BOEMEMO CITY OF PLYMOUTH 3400 PLYMOUTH BOULEVARD, PLYMDUni, MINNESOTA 55447 DATE: May 22, 1990 TO: Plymouth City Board of Review FROM: Scott L. Hovet, CAE, City Assessor and Staff SUBJECT: 1990 BOARD OF REVIEW PLAINTIFFS The following is a list of the property owners in Plymouth who appeared at the May 8, 1990, Board of Review. This is followed by our review and recommendation for each in the order in which they appeared. All plaintiffs have been notified by letter as to our review and recccmlendation prior to the reconvened meeting on May 22, 1990. NAM PIN # CLASS OR VALUE RECOMMENDATION 1. John C. Larkin 35 Nathan Lane 36-43-0067 No Change 36-43-0155 2. Arthur W. Peabody 1297 Black Oaks Ct. 32-12-0107 Reduction 3. Willard Johnson 720 Kingsview La. N. 33-43-0047 No Change 4. Lawrence McGowan 14300 County Road 6 28-41-0035 No Change 5. Vicki L. Meyer 4825 Orleans Lane N. 12-42-0014 Reduction 6. Douglas A. Nelson 4795 Quinwood Lane N. 10-41-0010 Reduction 7. Albert Anderson 4815 Quantico Lane N. 09-31-0093 No Change 8. Leroy Reinke 14411 County Road 6 28-44-0005 No Change 9. Arthur L. Fretag 17010 County Road 47 05-21-0004 No Change 10. Carl DeMorrett 10820 County Road 15 36-23-0031 No Change 36-23-0032 36-23-0033 11. Guy Willis, Jr. 12700 55th Avenue N. 03-44-0025 Reduction 1990 Board of Review Plaintiffs Page Two 12. John Werr 10600 43rd Avenue N. 13-21-0065 Reduction Unit No. 111 13. Peter Tysdal 3005 East Medicine 24-32-0009 No Change East Boulevard 14. Shirley M. Gardner 10699 53rd Avenue N. 12-21-0007 No Change 15. Mildred C. Sibet 10803 53rd Avenue N. 12-22-0033 No Change 16. Audrey Logsdon 1605 Dunkirk Lane N. 29-31-0015 Reduction 17. Mark Lewis 3700 Vinewood Lane N. 15-43-0028 Reduction 18. Victor Knutson 11925 50th Avenue N. 11-24-0087 No Change 19. Ken Nuetgens 14407 County Road 6 28-41-0004 No Change 20. Bradley Hagg 14417 County Road 6 28-44-0006 No Change 21. Robert and Catherine 2735 Queensland Lane N.19-43-0046 Reduction Groetsch 22. Michael Caris 2610 Comstock Lane N. 20-43-0040 No Change 23. Roger Bjorlin 12110 54th Avenue N. 11-21-0046 No Change 24. Patrick Hallisey 4065 Quantico Lane N. 16-32-0009 No Change 25. Bernard Barr Vacant Land 17-12-0001 Classification Change to Agriculture 26. Dorthy Krekelberg 6150 Hemlock Lane N. 02-12-0034 No Change 27. Kathryn Eder 11820 61st Avenue N. 02-12-0035 No Change 28. Marshall Masko 18520 County Road 6 30-34-0005 Increase 29. Gary Schultz 12500 53rd Avenue N. 11-22-0064 No Change The following is a list of property owners in Plymouth who have appealed by letter. 1990 Board of Review Plaintiffs Letters Page 3 NAME 1. Nuaire, Inc. 2. PYA Monarch 3. Robert and Linda Blanke 4. Real Estate Tax Services, Inc. F PIN 2100 Fernbrook La. N. 27-23-0013 9605 54th Avenue N. 12-11-0005 3610 Underwood La. N. 15-43-0039 Various 27-21-0001 36-42-0018 27-31-0006 27-24-0004 5. Duffy Development 10850 Old County 36-23-0046 Co. Road 15 6. Parkers Lake Inc. 2300 Niagara Lane 28-12-0007 7. Douglas Peterson 4995 Rosewood La. N. 10-14-0009 8. Gerald W. Grabowski 5660 Pineview La. N. 02-32-0018 9. Midwest Fireplace Co. 5205 County Road 12-11-0006 No. 18 No Change No Change No Change No Change Reduction Reduction No Change Reduction Reduction 10. Prudential Insurance 13001 County Road 03-11-0006 No Change Co. No. 10 11. Prudential Insurance 2400 Xenium La. N. 27-12-0008 Co. 12. Dan Sieverding 4061 Quantico La. N. 16-32-0008 13. Merrill Paulson Vacant Land 08-22-0011 14. Kevin and Jennifer Kelly 15. Bruce Franz 16. John H. Harland Co. 14610 43rd Ave. N. 16-11-0101 12405 50th Ave. N. 11-23-0038 2600 Campus Drive 22-43-0013 No Change 2 Mrm 1990 Revised Classification Agricultural Land Increase in Value No Change Reduction No Change MINUTES BOARD OF REVIEW MAY 8, 1990 The meeting of the Plymouth City Council sitting as the Board of Review was called to order by Mayor Bergman at 7:00 p.m. in the Council Chambers of the City Center at 3400 Plymouth Blvd., on May 8, 1990. PRESENT: Mayor Bergman, Councilmembers Ricker and Zitur ABSENT: Councilmembers Helliwell and Vasiliou STAFF: City Manager Willis, Assistant Manager Boyles, City Assessor Hovet, Appraisers Mauderer, Carroll, Olsson, McCormick, and City Clerk Rauenhorst Mayor Bergman stated the purpose of the meeting is to review the valuations of all real property within the City, to hear citizens who have complaints with respect to their valuations, and for the Board of Review to make any adjustments which they believe are warranted based upon their independent review. Manager Willis stated this meeting is only to consider property valuations, not property taxes. He presented a graphic which showed that the City receives about 15 of each property tax dollar. Assessor Hovet stated that typical valuation changes this year are +3% residential by neighborhood, 0% apartments, +5% commercial and industrial. In addition, lakeshore properties were increased an average of 10 percent. Assessor Hovet stated notice of the meeting was published in the City's official newspaper and notices were posted in the community. He explained the procedure for those wishing to address the Board and pointed out that final determinations would not be made tonight, but at a reconvened meeting of the Board. John C. Larkin, 35 Nathan Lane #221, P.I.D. 36-118-22-43-0067 and 36-118-22-43-0155, stated he bought property at Willow Grove Apartments on December 9, 1989, by sealed bid for $53,025. The assessed valuation is now $66,300. He stated similar units are available for $45,000 to $55,000 in Plymouth and the assessed value of his unit is not realistic. Mr. Larkin shared sales results he received from a realtor for other units in his building. He requested that his unit be valued at a maximum of 52,000 due to the sales figures and his belief that people are dissatisfied with condominiums. Arthur Peabody, 1297 Black Oaks Court, P.I.D. 32-118-22-12-0107, stated he recently purchased his property for $95,000. The assessed value last year was $103,000; now it is $110,500. Mr. Board of Review May 8, 1990 Page 2 Peabody stated the comparable sales units used by the assessor's office are unfair comparisons and requested that his. value be lowered to $107,000. Willard Johnson, 720 Kingsview Lane North, P.I.D. 33-118-22-13- 0047, stated his valuation is $91,000. The property was on the market for two years at a price of $95,000 and sold for $74,000. Mr. Johnson stated he contacted the assessing office and they informed him his value would be lowered to $80,000. He stated this value is still too high. His home was built in 1956 and has water problems. A house in the neighborhood was boarded up recently and he feels all values in the neighborhood are going down. Larry McGowan, 14300 County Road 6, P.I.D. 28-118-22-41-0035, stated his property was appraised by the City and by a private appraiser for the County Road 6 construction project. The appraisal was $2,000-$3,000 less than the assessed valuation. He stated this reduction was never reflected on his assessed valuation. He requested that his value be lowered $10,000 because the road construction devalued his property. Vicki Meyer, 4825 Orleans Lane North, P.I.D. 12-118-22-42-0014, stated she purchased her home in December, 1989, for $119,000. The house had been on the market for $126,000. The assessed valuation is $133,900. A city appraiser informed her the value would be reduced $3,000; however, Ms. Meyer stated this is still not comparable with other homes in the area. Doug Nelson, 4795 Quinwood Lane, P.I.D. 10-118-22-41-0010, stated he purchased his home in 1987 for $92,000. The assessed value at that time was $90,400. The current assessed value is $103,000. He stated that the assessor indicated the increase was due to a land value increase of about $7,000. Mr. Nelson stated that with the $7,000 increase and $2,800 worth of improvements he has done to the home, the value should be no more than $98,000. Al Anderson, 4815 Quantico Lane, P.I.D. 09-118-22-31-0093, stated he purchased his home in August, 1989. It had been on the market for a year at $148,900. The assessed value is now $158,900. He requested that this value be reviewed. Leroy Reenke, 14411 County Road 6, P.I.D. 28-118-22-44-0005, stated that due to the County Road 6 project, part of his front yard and trees were taken and his driveway grade is steeper. He also has water problems. He requested that his value be reviewed. Art Fretag, 17010 County Road 47, P.I.D. 05-118-22-21-0004, stated when he purchased his home it had an assessed value of 112,500. The value is now $170,100. He stated he put substantial money into improvements, about $36,000, but feels he is being penalized for improving his property. He stated that he understood his taxes would increase after the improvement, but Board of Review May 8, 1990 Page 3 not this much. He is under a non -homestead classification and asked that his value be reviewed. Carl DeMorrett, 10820 County Road 15, P.I.D. 36-118-22-23-0031, stated he owns two vacant lots to the east of his home which he has owned since 1952. He stated the values keep increasing on the vacant lots. The lots are zoned commercial and have been on the market since July, 1989. Guy Willis Jr., 12700 55th Avenue North, P.I.D. 03-118-22-44- 0025, stated his home was built in August, 1988, and the builder tried to sell the home for seven months. Then a realtor tried to sell the property for six months at a listing of $260,000. During that time there was never an offer received of more than 247,000. During the foreclosure process, $7,000 worth of amenities and appliances were removed from the home. It was listed again in November, 1989, and he purchased it in February, 1990, for $210,800. He stated the assessed value is now $15,000 more than what he paid for it. John Werr, 10600 43rd Avenue North, P.I.D. 13-118-22-21-0065, stated he purchased his home for $57,900. His 1989 value of 70,700 was lowered to $60,000. The 1990 value is $70,500. He stated that he contacted the City and the appraiser stated there was no reason to increase the unit and offered to reduce the value to $65,000. He stated the appraiser finally agreed to lower the amount to $60,000, but said his property would be watched for the next few years. He stated that of the 36 Sagamore units recently completed, 13 are vacant and 12 are rentals. He requested a valuation of $55,800 for 1990. Peter Tysdal, 3015 East Medicine Lake Boulevard, P.I.D. 24-118- 22-32-0008, read a written statement requesting that his valuation be revised from $51,200 to $18,600. Shirley Gardner, 10699 53rd Avenue North, P.I.D. 12-118-22-21- 0007, stated she purchased her home January, 1989, and was told by the builder that she would only have to pay land tax for the first year. However, in May she received a tax statement of 843. Her neighbors paid $76. When she contacted the builder, he said she should not object to the amount because it could be worse. She asked the City to check this situation. Mildred Sibet, 10803 53rd Avenue North, P.I.D. 12-118-22-22-0033, stated her property is assessed too high and stated that senior citizens should get a reduced property tax rate. Audrey Logsdon, 1605 Dunkirk Lane, P.I.D. 29-118-22-31-0015, stated her property has been classified as homestead for 37 years. This year she received notice that it is classified as non -homestead. She purchased the property for $9,700 and the assessed value is now $61,000. She stated that she objects most of all to the last $1,000 increase because she has lost four trees and the porch and property is deteriorating. Board of Review May 8, 1990 Page 4 Mark Lewis, 3700 Vinewood Lane, P.I.D. 15-118-22-43-0028, stated he purchased his property in August, 1989, for $172,000. It is now assessed at $190,400. He stated the property was on the market for over a year when he bought it. He requested a 7-8% assessed value reduction. Victor Knutson, 11925 50th Avenue North, P.I.D. 11-118-22-24- 0087, stated his assessed value notice went to the wrong address and asked that it be corrected. His value was $173,700 last year. This year it is $195,200. He was informed by the assessor's office that the increase was due to an overall increase in lakeshore property. He stated he lives at the north tip of Schmidt Lake and although it may have once been considered lakeshore, it now is only a slough with silt and chemical runoff. He stated his property should not be valued as lakeshore. Ken Neutgens, 14407 County Road 6, P.I.D. 28-118-22-44-0004, stated 33' to 40' of his front yard was taken last year for the County Road 6 improvement project; however, there was no decrease in his assessed value. He stated he now experiences water problems and would like his value reviewed. Brad Hagg, 14417 County Road 6, P.I.D. 28-118-22-44-0006, stated there are now four lanes of traffic in front of his home and his property is smaller due to condemnation for the County Road 6 improvements. His value last year of $104,000 was lowered to 102,000. This year the value was increased by $4,000. He requested that his value be lowered. Bob Groetsch, 2735 Queensland Lane North, P.I.D. 19-118-22-43- 0046, stated he purchased his home in 1989 for $140,500. The assessed value in 1989 was also $140,500. Mr. Groetsch stated a realtor informed him that the assessed value is usually about 85% of market value. He requested that his value be lowered to 124,732. Michael Caris, 2610 Comstock Lane, P.I.D. 20-118-22-43-0040, stated he purchased his home in December, 1989, for $133,000. That amount included some personal property (i.e. draperies, appliances, carpeting). The assessed value is $138,200, and he requested that it be reviewed. Roger Bjorlin, 12110 54th Avenue North, P.I.D. 11-118-22-21-0046, stated his value was increased this year by $18,300, and his value has increased $46,800 since 1986. He lives in a home that needs repairs and feels he is being taxed out of his home. He requested that the amounts be justified or reduced. Patrick B. Hallisey, 4065 Quantico Lane, P.I.D. 16-118-22-32- 0009, stated at past Board of Review meetings there was discussion of whether the purchase of his home was an "arm's length transaction." He stated the court has ruled that the sale was an "arm's length transaction." Also, his home was ir Board of Review May 8, 1990 Page 5 constructed on a custom built basis. He stated the tremendous interior differences have not been taken into account. Mr. Hallisey stated the seven homes previously used by the Assessor as comparisons for his value have all been lowered in value. He stated increased traffic and noise on County Road 9 and construction of an adjacent 300+ unit apartment complex are reasons his value should be lowered. Bernard Barr, 11670 61st Avenue North, P.I.D. 17-118-22-12-0001, stated the taxes on his 36 acres last year was $2,200. This year the taxes are $6,500. He asked the reason for the large increase. Dorothy Krekelberg, 6150 Hemlock Lane, P.I.D. 02-118-22-12-0034, stated that her house is 20 years old and has never been improved. The value is $277,000 and her taxes are about $8,000 per year. She does not have water and sewer service and feels her taxes are too high. Dorothy Krekelberg also spoke on behalf of Kathy Eder, 11820 61st Avenue North, P.I.D. 02-118-22-12-0035. She stated the value has increased $25,000 to $30,000 over the last six years. Marshall Masko, 18520 County Road 6, P.I.D. 30-118-22-34-0005, stated his value this year was increased from $147,800 to 171,600. He feels this 16.18 increase is unjustified. He has lived in the home for four years. The house is 38 years old with no additions. He stated only three other homes in the area are comparable in age and style. Two real estate agents estimated his home value at $148,000 and $150,000, and an insurance agent estimated his home value at $154,000. He stated the real estate market is very slow now and that should considered. His home has been on the market for over a year at $159,000. Mr. Maswko stated a value of $150,750 would be fair. He does not want an appraiser coming to his home because he is unavailable and he does not like the principal of someone going through his home to value his property. It should be done from the outside of the home. Mr. Masko stated his proximity to County Road 6 is more of a detriment than the advantage of being on the lake. Gary F. Schultz, 12500 53rd Avenue North, P.I.D. 11-118-22-22- 0064, stated he purchased 14 lots three years ago. He constructed a model home which sold in eight months. Due to lack of activity he then constructed spec homes. Some of these homes are within 150' of the railroad tracks. He stated the crossings at Larch and Pineview are very noisy and dangerous and makes these homes very undesirable. Mr. Schultz eventually moved into one of the homes as his residence and described the train noise during the night. He requested that the value be lowered. Assessor Hovet presented the following additional names and P.I.D.'s for the record as having asked for market value or classification review: Board of Review May 8, 1990 Page 6 1. Nuaire (27-118-22-23-0013) 2. PYA Monarch (12-118-22-11-0005) 3. Blanke (15-118-22-43-0039) 4. Real Estate Tax Service (various - 4) 5. Duffy Development (36-118-22-23-0046) 6. Parkers Lake Inc. (28-118-22-12-0007) 7. Peterson/Sundquist (10-118-22-14-0009) 8. Grabowski (02-118-22-32-0018) 9. Midwest Brick (12-118-22-11-0006) 10. Prudential (NCPO) (03-118-22-11-0006) 11. Target WHSE (27-118-22-12-0008) 12. Sieverding (16-118-22-32-0008) 13. Paulson (08-118-22-22-0011) 14. Kelly (16-118-22-11-0101) 15. Franz (11-118-22-23-0038) 16. Harland (22-118-22-43-0013) Mayor Bergman asked if there were other individuals wishing to address the Board of Review. There were none and the meeting was adjourned at 9:00 p.m., to be reconvened at 7:00 p.m. on Tuesday, May 22. City Clerk 1990 STAFF REPORT #1 PROPERTY OWNERS NAME: John C. Larkin PROPERTY ADDRESS: 35 Nathan Lane PID #: 36-118-22-43-0067 and 0155 LEGAL. DESCRIPTION: WILLOW GROVE CONDOMINIUM I, UNIT NO. 221 and GARAGE UNIT NO. 57 Cccmbined) 1990 ESTIMATED MARKET VALUE $66,300 1990 REVISED MARKET VALUE No Change ISSUE: Mr. Larkin purchased a foreclosed condaninium through H.U.D. in November of 1989 for $53,125. The previous owner of this condominium unit and garage stall purchased it in April, 1988 for $69,000. Mr. Larkin said that similar units are selling from $45,000 to $55,000. He also stated that his value had increased. He also stated that the last five sales ranged in price from 52,900 to $55,183. RECCMMENDATION: Property transactions that are not considered for valuation purposes include foreclosures sales through H.U.D. since they are a distressed situation with the seller in most instances abandoning the mortgage. By state guidelines foreclosure sales are not to be considered in a sales ratio study for evaluation purposes. No weight was placed on Mr. Larkin's sale because of this situation. During the sales study time period in valuing Willow Grove Condominiums for the 1990 assessment, there were five arms length transactions that occured. These are listed on the following page. The values of the Willow Grove Condominiums based on this sales study were not changed for the 1990 assessment. Based on this sales study and the arms length transactions of five condominiums no change is recommended in Mr. Larkin's 1990 value. 1990 Board of Review Page 2 Dwelling Style: Condominium Year Built: 1982 Square Feet: 1,059 Sale Price: N/A Sale Date: 11-21-89 kW, 1_ a r,•• •, IOW, i Total Ratio for Condo Complex = .945 SQUARE SALE SALE PID UNIT FEET PRI DA'Z'E VALi) RATI 36-118-22-43-0081 309 1,015 54,000 11/88 56,100 1.039 36-118-22-43-0087 315 1,015 64,700 08/89 59,700 923 36-118-22-43-0047 201 1,273 75,000 09/88 67,900 905 36-118-22-43-0075 303 1,015 60,000 08/89 59,700 995 36-118-22-43-0023 103 1,013 69,000 12/88 59,700 865 Total Ratio for Condo Complex = .945 1990 STAFF REPORT #2 81•.' 11 ' a.: 1 I It' •: PROPERTY OWNERS NAME: Arthur W. Peabody PROPERTY ADDRESS: 1297 Black Oaks Ct. PID #: 32-118-22-12-0107 LEGAL DESCRIPTION: Lot 1, Block 1, GLEASON NORTHSHORE 1990 ESTIMATED MARKET VALUE: $110,500 1990 REVISED MARKET VALUE: $109,500 ISSUE: The 1990 estimated market value is 95% of his 09-26-89 sale price of $116,000. A reappraisal of this townhome property was completed 05-11-90. The deck appears to need replacement. The bid to be furnished by Mr. Peabody was not submitted. However, the iron rails and posts appear sound. Currently we have 1400 value on this deck. This was taken into account for this reappraisal. G aklulWDr,l,: .:. I recammend his value be reduced by $1,000 for 1990. The deck will be checked in 1991 for reinstatement of its value once the replacement is complete. Dwelling Style: Rambler Year Built: 1982 Square Feet: 977 Sale Price: $116,000 Sale Date: 09-16-89 Respectfully submitted, zhh-' Michael Carroll, CMA Appraiser PID #: LEGAL DESCRIPTION: M11%VA 1990 STAFF REPORT #3 Willard Johnson 720 Kingsview Lane North Plymouth, MN 55441 33-118-22-43-0047 Lot 7 Block 3 Parkdale 1990 ESTIMATED MARKET VALUE $ 92,700 1990 REVISED MARKET VALUE $ 92,700 Mr. Johnson purchased his home in October of 1985 for $78,000 cash from a seller who had relocated and was quite anxious to sell. We have inspected this property a number of times since its purchase. Mr. Johnson's value was reduced in 1988 for the reasons he mentioned to the board. (high water table, 1954 house, abandoned house across the street) All of these factors were considered in the past and were known prior to his increase of 1.8%. IC $•s•.41y1:1 el After several years of review appraisals, I feel we have addressed and corrected for all stated problems. Recent sales in the subjects area indicate this property is not overvalued. Two of the comparables on Gleason Road have sold twice, indicating that homes of the subjects vintage are appreciating in todays market. In my opinion, no change is indicated. Dwelling Style: 3 Bedroom Rambler Year Built: 1952 Square Feet: 1,464 Garage: Attached 600 sq. ft. Deck: 8 x 12 Bsmt. Finish: 600 sq. ft. Central Air: Added by owner Site: Quiet dead end street MARKET COMPARISONS Comparable #1 PID #33-118-22-43-0049 Address: 15008 Gleason Lake Road Dwelling Style: Rambler Year Built: 1955 Square Feet: 1,255 Att. Garage 499 sq. ft. Sale Price: $ 98,000 Sale Date: 11-89 Location: Inferior to subject - Busy street This property also sold 7-86 - $81,700 Comparable #2 PID #33-118-22-42-0021 Address: 14815 4th Avenue North Dwelling Style: Rambler Year Built: 1960 Square Feet: 1,412 Det. Garage 768 sq. ft. Sale Price: $ 108,900 Sale Date: 06-89 Location: Equal to subject 1 :.• a :: • : a/at21 MARKET COMPARISONS Ccoparable #3 PID #33-118-22-43-0012 Address: 14909 Gleason Lake Drive Dwelling Style: Rambler Year Built: 1953 Square Feet: 1,144 Att. Garage 435 sq. ft. Sale Price: 88,000 Sale Date: 03-08-89 Location: Inferior to subject - Busy road This property also sold 10-85 - $74,500 Respectfully submitted, Michael Carroll, CMA Appraiser 179.06 46 1.64 90) 7119 4 c IT9.46 v n 89) ss')a. (91) z u 21 y( 46) _ leo. o7 WTLOT ( 93)• Es+ n; U 4 M) ' e,^ 41) 6911 57 7 43 179.51 Q y 0 - R w)_161)_(1)^IL-(w) 53) 2 0 b1 255 r( 1. 66) 1( 67) 1 eq e1 3 . ( Ie0. e9 190. 60.1IaQ9) 32) 42) 22 16104 68) 4) n) O 221 Go e R/ (51) e• l62RI ) e 111 1 A r11 1.! '..';_ _ .'. 1i Q V i' 9 3 -_ Q 51.x9 7 t --r S i$1 y; pl t..- B) (7' 1 C' O 43 Ir46060 fest - 4 I'f,. d, 116)(29)_f2e): r•R.) i 1 1 AVS <" P N 9TH AVE 9 . 5225. 2 VVV u 6 v 27)83(26) 5 762 W 16 6•.i 1 Y 5 26 (24)-(1;(217 19) 1116))(10) __________ t4. /4 ^ r4. R. ;Q) 17) ' 1 1 8) i 1Z` Il 44) - 11 e I 25) 1 23) p /\\ 6 SO2 IO) 17 34) J1 - nzss n. TT - r C Location. Map 3644 J 221..9 45) 29) w 1.9.56 e 3 g• R 1.9.5 149.5' 01. to i9, i d„ i 35) x.31 IO I Y (m) 6 Ut) 28TH V Na 4 00.46.35 35,,w 4' 6 46) _ 179.06 46 1.64 90) 7119 4 c IT9.46 v n 89) ss')a. (91) z u 21 y( 46) _ leo. o7 1z35) _ Ieo.o Es+ 1 74 19 P Wo 4 1 Z 64112 C 11(74) p 6911 57 7 43 179.51 Q y rte. n ten 2 0 b1 e 4319.61 1. 66) 1( 67) 1 eq e1 20 . Ie0. e9e2) I. e9 13be) 60.91 63) 6 - 160.97 22 16104 68) 6 IT y n) O 72) e R/ (51) e• l62RI ) e 111 1 179 1 Q 1-_-- rU-- 1 ng9.aI 7 t --r S F ^ F 1 x160) 1•d. e4 Q 19 Q It9.66 66 119.66 a(m C' O 116.E Ir46060 49___ro. n P 1To p 179.06 46 1.64 17906 170.64 j - 24 fig, I, 11 J S It9. I7 H IT9.46 v 10 r Q 22 - o) Irq. 74 0 77) _ O 1 74 u 21 y( 46) _ leo. o7 1z35) _ Ieo.o zo45) - n39) - w. 19 P Wo 4 1 nl n 161. 12 Ia un IQI + - v 179.06 46 1.64 17906 170.64 r leo.a4 Im.o. 57Z---- t_ (72)---- Se) I r5) leo. arq S QQ 5 1373) _ l5 661) 47 76) 4 62) nl e Ie0 w Q y Ir 2) 75 1 0 b1 65) r. 1. 66) 1( 67) 1 eq e1 20 . Ie0. e9e2) I. e9 13be) 60.91 63) 6 - 160.97 1469)161.0' 22 16104 68) 23 89) 6 IT I417jIl 179.06 46 1.64 17906 170.64 1745) ITIL 19 135) le. 29 4177T97 y 3 6 (76) ITT. 43) o 37 2 - e 42) 3 - -- 76) In. 171.25 9 1 4191 639) ITL 9 1 7a( 4G) DI IT&I 6R '(ie)ly - 1 9137 a It195 176 w(47) D.D. 161.9. 36) 176.06 t76. e6 ll _ ( 87J 11Tnn IT] 17 22) - 2 2'` J% 4S) i2) _ 10 3 IA(3) 302 2) 75 5 s 2) s mst4 c,- 6 24) IS16)b 0 7.65 7 Id 7)9.926 Z16 24) _ 11 1 Zr2.6 3 O 2'10 Q (75) a.63 28) v I `:a.0 13) f( H6,34 I 4) 22 t9 Q (14) 5 P• J q, o.- 27) e` m 7 22 _ 6) 5 2moa Jy C t! I 190 38) ...- 49___ro. n P 1To L U--(25) 5) _ 26) 00 PARK s 2 VVV 9 6 v lJU 5 762 W 16 6•.i 169.71 111 40) A(32) 0 (39) I=e s Q 11 e I Q„. 00'0•'6 o bit 72 Br!_, .P 5 1251) n. TT - I79.n 3644 r 40) v_)$ 246.6611 Comp 2 109.9 Ito R-29.93 ., 60 90.1• 36) 29) w 7 30) to b 16) r'i" iN' 52) n IO I 00•]4 4 00.46.35 r4C r/19/51 4' r 6R '(ie)ly - 1 9137 a It195 176 w(47) D.D. 161.9. J 176.06 t76. e6 ll _ ( 87J 11Tnn IT] 17 T.3o R T'D OQ'2.7 4+ 17) 2 2'` J% 4S) A 6 10 3 I R A(3) 2) 75 5 s 2) s mst4 4 m.r4 3) IS16)b 0 7.65 7 616) Is N4 1' r,..' _ , z 0 „ _ Z1624) _ 11 1 Zr2.6 3 O 2'10 Q (75) a.63 28) v I `:a.0 3 5102:: a(32) - 29) Q Tj Q 176 I I 4) 22 t9 Q (14) 5 P• J q, o.- 27) e` m 7 22 _ 6) 5 2moa Jy e I I 190 Cr_a Ire. o 1To 26) 5) _ C6 z113 2 CIRCLE PARK 7B) s I4pbppy20) G(/- 1 6 v 200 200. is 17) t I 1901 o n 25) R R8 (35) - rs a I19) R(35) 111 40) A(32) 00.74.0_..:._ I=e s 4TH AVEC-N $ 11 e I Q„. 00'0•'62oIro. 69 46) _ - ( 54) t n. TT - I79.n 10) 7---------------- r P Comp 2 109.9 Ito R-29.93 ., 60 90.1• 36) d1 12 177 1 1 60.05 J( 7) II) 461 0 1.34, Z _ 2)) 294.23 IO In117 4 V bo 9.3 290.6. CD p Ixw. 10021 Y (IS) 8) 3LJ.J x(20); 2%.e; X38) 1.2 b 15 I 14) --_ 17` 4 --------- QZ @ ( 40 00 n 05 24 z T.7s 2 lo. 51 y1 r • •C M r 4 9150 9137 91b 91b 915, 110 ^170,29 ( 1) IS) J a 9 0 33> 2 n 8 R 19) s 2) 1 1 3n(29) 27) 30) 31) no4 20) X151.6 zx.n l21)2ze) s o 7 Isa zx. 52 9169 9169 9J' 50) (52)=(12)MA @9 5 Jy I a' 22) o 26) a B 400•me 7B) t 8 UI) rurt 6 wt a 49)-. (53) Iro 4 r to6 r (76) R(35) 34) 40) A(32) eta uz,t 1 Q„. 00'0•'62oIro. 69 46) _ - ( 54) t 26) 25) V yos 1 m.a zee. Ie 32) 304 1 n 69 6a6 -------- 11 •- 30) ,. b J a 9 0 33> 1 8 25) C6?r` X151.6 w o d 42) o 26) 34) 400•me 7B) t 8 UI) rurt 6 wt a 36) 40) 6 ® 47) : 00 .42.4 LAKE 4 CD p 26)1', F (k g Y (IS) c 10 15 5 4 Z s+ 71 ]S 0 C ( 14) 00 n 05 z T.7s 2 19) 21>s ( O 1 Lll- IS(• 120 110 v 716, 13 _ 7 ( ) 16 10 ( 16) 1`' 4';.p4 .,mm_. 6 11.46 len tllfQi ' ( S) $ ( 55) i 200 ( 9) ^ UO) 1 wzz v C • 5 / 17) \ '= L ( 21) UU , 1990 STAFF REPORT #4 1990 STAFF REPORT #8 1990 STAFF REPORT #19 1990 STAFF REPORT #20 PROPERTY OWNERS NAME: Lawrence McGowan, Leroy Reinke, Ken Nuetgens, Bradley Hagg PROPERTY ADDRESS: 14300 County Road 6, 14411 County Road 6, 14407 Co. Rd. No. 6 and 14417 County Road 6 PID #: 28-118-22-41-0035, 28-118-22-44-0005, 28-118-22-41-0004, 28-118-22-44-0006 1990 ESTIMATED MARKET VALUE ISSUE: various The four property owners mentioned above appeared at the May 9th Board of Review meeting. They are all neighbors which border the newly widened County Road 6 project. Their concern is the damage to their market value because of the widening. a,•skuiumk,IVIN !. I have contacted each of the four parties mentioned above and informed them that I am not recommending any change in their market values at this time. Three of the four properties have not settled through the condemnation procedings. Damages will be paid to them for the widening of County Road 6. I informed them that at such time when the condemnation proceedings are complete, we will then adjust their market value downward accordingly. No change is recommended to any of their values at this time. Respectfully Submitted, Scott L. Hovet, CAE Plymouth Assessor L -7-7u J "W r tkc-L'U Cl I 010• I Im 'a VZ I I DILI It' PROPERTY OWNERS NAME: Vicki L. Meyer PROPERTY ADDRESS: 4825 Orleans Lane North PID #: 12-118-22-42-0014 LEGAL DESCRIPTION: Lot 5, Block 2, NATHAN TRAILS 1990 ESTIMATED MARKET VALUE: $133,900 1990 REVISED MARKET VALUE: $130,500 ISSUE: The present owner purchased the property in December, 1989 for $119,000. She believes the 1990 estimated market value of $133,900, which is approximately15,000 more than the purchase price, is too high for this property. RECOMMENDATION: A review appraisal was done on April 20, 1990, and from the information gathered on that date, it is recommended that the revised 1990 estimated market value be reduced to $130,500. Dwelling Style: Split Level Year Built: 1980 Square Feet: 1362 Sale Price: $119,000 Sale Date: 12/21/89 Respectfully submitted, J McCormick, CMA Appraiser 1990 Board of Review Page 2 The subject property is a quality -built, 4 -level split located in Nathan Trails. Its quality may be a problem as it is somewhat overbuilt for the area. Amenities include a cedar -shingled roof, exterior lighting and on the walk -out level, a nicely finished family roan with a full -wall, brick fireplace, wet -bar area with built-in wine racks and cupboards, a den and 3/4 bath. Before selling to the present owner, the property was on the market for 25 days. The comparable sales provided by the owner were not of the quality and did not include the amenities of the subject property. The property is in very good physical condition. Upon reviewal the estimated market value was adjusted to $130,500. 1990 BOARD OF REVIEW MARKET COMPARISONS Carparable #1 PID #12-118-22-42-0084 Address: 10125 48th Avenue North i Dwelling Style: Split Level Year Built: 1982 Square Feet: 1224 Sale Price: 150,000 Sale Date: Noven-ber 29, 1989 Builder: Novak -Fleck Canparable #2 PID #11-118-22-33-0052 Address: 4570 Norwood Lane Dwelling Style: Split Level Year Built: 1982 Square Feet: 1383 Sale Price: $153,900 Sale Date: May 4, 1988 Builder: Al Parent Construction Y 3 Comparable #3 PID #11-118-22-13-0080 Address: 5045 Goldenrod Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Split Level 1983 1139 131,000 January 30, 1990 Novak -Fleck Comparable #4 PID #14-118-22-43-0050 Address: 11720 -38th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Split Level 1977 1519 159,200 December 2, 1989 Lundgren Bros. Construction MARKET COMPARISONS A. zi BI'•',A I DID ' _p*9, I I@I z I 97.,Iy V•. PROPERTY OWNERS NAME: Douglas A. Nelson PROPERTY ADDRESS: 4795 Quinwood Lane North PID #: 10-118-22-41-0010 LEGAL DESCRIPTION: Part of Tract B RIS #466 etc. 1990 ESTIMATED MAR= VALUE: $103,000 1990 REVISED MA= VAIUE: $ 99,600 ISSUE: Purchased hone in July of 1987 for $92,000. He feels his property is overvalued at $103,000. This neighborhood was revalued for the 1990 assessment. No interior inspection was done, but a deck and patio door were added to this properties value. A reappraisal was conpleted 05-11-90. New siding was being installed indicating the old composition siding needed replacement. This is additional deprecation indicates a value reduction to 99,600 and a review for the 1991 assessment will be conducted. Mr. Nelson agreed with the new value. Dwelling Style: Rambler Year Built: 1977 Square Feet: 1,360 Respectfully subani.tted, Michael Carroll, CMA Appraiser 1990 STAFF REPORT #7 PROPERTY OWIERS NAME: Albert Anderson PROPERTY ADDRESS: 4815 Quantico Lane North PID #: 09-118-22-31-0093 LEGAL DESCRIPTION: Lot 6, Block 1, SILVER 3RD 1990 ESTIMATED MMUM VAUJE: 1990 REVISED MARKET VALUE: ISSUE: 160,700 No change recamrended I reinspected the Anderson home 05-16-90. We discussed his value and the neighborhood. Eiden Construction built this home and several of his neighbors. The basement is now finished and will be added to the 1991 market value. Mr. Anderson said "Tile has no problem with his value". Based on my conversation and reappraisal no change is reccam ended. iii.` ^ _ : 4 .. ^ `,' ' • Dwelling Style: 2 -Story Year Built: 1988 Square Feet: 1,205 Sale Price: 159,900 Sale Date: 06-16-89 Repsectfully submitted, Michael Carroll, CMA, Appraiser I * Z47) zi Z47 y DINS :_• : ,` PID #: LEGAL DESCRIPTION: ISSUE: Arthur L. Fretag 17010 County Road #47 05-118-22-21-0004 Meters & Bounds 11.46 Acres 1990 ESTIMATED MARKET VALUE $ 167,300 1990 REVISED MARKET VALUE $ 167,300 STAFF REPORT #9 Mr. Fretag feels he is not valued fairly as his home was valued at $112,700 for 1989. He purchased his home on 02-06-89 for $165,000 with 11.46 acres and a pole barn and made improvements of $36,000 during 1989. A reappraisal was completed on 05-17-90. No valuation change is reconvended. Mr. Fretag has omitted to file for homestead and that has now been taken care of. He has three riding horses which will allow us to split his value giving him a residential homestead on his hoarse and an agricultural classification on his barn, pasture, and riding area. The breakdown would be as follows: Residential $ 133,100 Agricultural - 34,200 Total Value $ 167,300 In my opinion this property is not over valued. 2Me t u1 rtt MA Appraiser 1990 STAFF REPORT #10 PROPERTY OWNERS NAM: Carl Demorrett PROPERTY ADDRESS: 10820 County Road No. 15 PID #: 36-118-22-23-0031, 36-118-22-23-0032, 36-118-22-23-0033 LEGAL DES(:RIPTION: Lot 8, 9, and 10, Block 6, SCHIEBES HIGHLAND VIEW 1990 ESTIMATED MAYOWT VALUE 36-118-22-23-0031 - $45,000 36-118-22-23-0032 - $17,000 36-118-22-23-0033 - $18,000 1990 REVISED MARKET VALUE - No Change Recamiended ISSUE: Mr. Demorrett expressed concern over rising taxes and increased value on his home and his two adjoining vacant lots. RECOMMENDATION: Mr. Demorrett's value on his two vacant lots has not changed since 1982. His value on his home increased $700 fron 1989. Sime the value has remained virtually unchanged for the last 8 years, I recommend no change. His concern over taxes is confusing. The tax rates indicated his total property tax on the three parcels actually decreased $85.04 frau last year. His property is located in a conercial zoned area and the development around the subject indicates the land is more valuable than currently assessed at. After explaining the situation to Mr. Demorrett, he agrees there is no problem. Dwelling Style: Story and 1/4 Year Built: 1900 Square Feet: 700 1990 Board of Review Page 2 The area surround the subject is zoned camiercial. Directly across the street is the new Rainbow Grocery canplex. CM NO %4 PLYWOUTH AUTO4DT IVE CENTER / mm n Sold 2-5-86 - $76,000 Sold 2-80 - $51,000 Respectfulllysubmitted, Jan Olsson, CMA, Appraiser t 1990 STAFF REPORT #11 1990 BOARD OF REVIEW STAFF REPORT AMID RECOMMENDATION PROPERTY OWNERS NAME: Guy Willis, Jr. PROPERTY ADDRESS: 12700 55th Avenue North PID #: 03-118-22-44-0025 LEGAL DESCRIPTION: Lot 17, Block 1, BASS LAKE WOODS 1990 ESTIMATED MARKET VALUE $246,900 1990 REVISED MARKET VALUE $222,100 ISSUE: Mr. Willis believes his market value is excessive compared to similar new homes. He contends his value should reflect the same amount as his sale price which was the result of a foreclosure. iia+ i, •. The home was built by Florek and was shown in the 1988 Parade of Homes. It remained unsold until March, 1990. Based upon an onsite inspection I recommend the 1990 market value be reduced to $222,100 to reflect current market values. This value reduction includes an allowance of 3,000 for built- in appliances that had been removed prior to the sale. (see attached comparisons) Dwelling Style: 2 -Story Year Built: 1988 Square Feet: 1,414 Sale Price: $210,800 Sale Date: 3-06-90 1988 Parade of Hanes Respectfully submitted, Jan Olsson, CMA Appraiser 1990 BOARD OF REVIEW 1 •a A W•. • Ooparable #1 PID #03-118-22-44-0015 Address: 5500 Sycamore Lane North (Bass Lake Woods) Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,473 Sale Price: 225,000 Sale Date: 04-27-89 Builder: Sherburne Cmiparable #2 PID #03-118-22-44-0021 Address: 5515 Rosewood Lane North (Bass Lake Woods) Dwelling Style: 2 -Story Year Built: 1988 Square Feet: 1,485 Sale Price: 262,002 Sale Date: 06-01-88 Builder: Florek ti 1990 BOARD OF REVIEW Camarable #3 PID #03-118-22-44-0011 Address: 5525 Sycamore Lane North (Bass Lake Woods) Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1987 1,250 241,900 07-30-89 Country View Builders Ccriparable #4 PID #10-118-22-14-0020 Address: 4980 Rosewood Lane North (The Meadows of Bass Lake) Dwelling Style: 2 -Story Year Built: 1989 Square Feet: 1,389 Sale Price: 234,500 Sale Date: 01-22-90 Builder: Eiden p / v,..LI.J._ QNB r+... s.. v `"'l,. .-r 7'',+-.'. ..i `...'+1:• 1 r`'+ 574 -PLYMOUTH -SINGLE FAMILY 527 224,300 #43004 4 BD 2/0/1 BA S-2 STI CF $225,900 ANTEED INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED c MAP 16 -1 D LAKE YBL 1980 WER 3ATH, DSP,WSO,• 41 10.5 YO 1 ASM N 1C 2MA 3100 1624330 5 LTY ER PT 934-5400 12700 55TH AVE NO TAX 56400 /90/ N MAP 16 -4A MUN PLYMOUTH ZIP 55447 TWA SO LAKE AR 574 SUB 1 COU HENN ASB$ 0 ASP N LOT 11OX19OX107X187 ACR .47 IHS FOR 1991 / N YBL 1988 DIP 10 TO CTY RD 47 TO PINEVIEW-SOUTH TO 55TH AVE N NEW CONSTRUCTION!!! BUILDER FORECLOSUREM DRASTIC PRICE REDUCTION!!! SHOW & SELLII! STRIKING 48R, 2 1/2 BATH ENGLISH TUDOR SITTING ON A PRIVATE, CORNER WOODED LOT. SEE SUPPLEMENTM LGL LOT 17, BLOCK 1 BASS LAKE WOODS PID 03-118-22-44-0025 WAT CONN INCL L APROX L APROX SEW CONN VAC,WHP,HWF LR 1 15X15 16 1 20X15 FPL Y AIR C TERMS CON,CIN OR 1 16X12 2B 2 12X12 HEA FA / GAS MTG $0 INT 0 % ID 1 13X11 3B 2 15X11 EXT STUCC EXF OD O ASM KT 1 13X12 4B 211X10 BSM N. PIN $0 2MC N 2MA N FR 1 19X15 PO 1 13X13 GAR 3,A,Y ASK AGENT REGARDING APP - DK 1 13X12 FSZ 1400 LIANCE ALLOWANCE BBT N MST Y FSF 2800 ISDN 279 SOP 425-4131 +641780 AGN DAVID W. AZBILL/927-0291 BB Y SA 3.15 LTY ER MERRILL LYNCH REALTY 5116 CFPF{ 920-5605 APT 920-4949 LIST NO 641780 SUP_ 1 ADD 12700 55TH AVE NORTH PROFESSIONALLYLANDSCAPED SUNKEN FAMILY ROOM WITH FIREPLACE, FULL WALL OF CABINETRY AND WET BAR CHERRY FINISH ON WOODWORK THROUGHOUT FIRST.FLOOR LAUNDRY CERAMIC TILE IN BATHS AND FOYER 03 SEASON PORCH WITH SLIDING DOORS TO DECK _ EXCITING MASTER WITH MARBLE FPLC, WHIRLPOOL TUB & SEP. SHOWER LAURA ASHLEY WALL COVERINGS AND WINDOW TREATMENTS THROUGHOUT GOURMET KITCHEN WITH WOOD FLOOR, EXTRA STORAGE SPACE AND LARGE INFORMAL EATING AREA STAINED & LEADED GLASS CENTRAL AIR 3 CAR ATTACHED GARAGE PERFECT FAMILY HOME SUBMIT ALL OFFERS Warne I. Haskell PEAL on Merrill Lynch Realty Plymouth/ Suburban Nonnwest Office 4100 Berkshire Lane Plymouth, MN 55446 ^ Bus. 559-4990 1J Fes. 561-4043 =-- A D D E N D U M T O P U R C H A S E A G R E E M E N T PROPERTY AUf RESS 0 .S"S'rI Atli.1%E , DATE;: k 4904) 119 C0 Y%!6 UT14, 1-1IN4/Es10-r# IT is Fm'rHER UNDERSTOOD At•ID AGREED BY OND I:"F_l L•JEEN THE PARTIES HERETO THAT I d.... THE F'URCI OSER HAc3 MOUE A CUF•1F'I_ETE It-isrEr,TIUN OF THE F'ROPERTY AND THE STRUCTURE LOCATED TI IEf:F_I.1N , PJ-1UWS THAT EXACT CONDITION T I IEREUF AND AGF:EES' TO ACCEPT Sal I U PROF'EI"T'Y I N ITS F'RECEN1' GOND I T I Ot.l 14I rHOUT A14Y OBL I GAT I ON ON THE FART OF THE :;ELLER '10 M(-)l::.E TONY REPAIRS OR 111PROVEMENTS TO THE PROPERTY-. 0M) THE PURCHASER DOES FUR U IER ACI:::t`It.P11_EDGE THAT THE SF_LLEF. NOR. ANY AGENT OF 'THE SELLF`R . I WiS MOT MADE (OHY REPRESENTATIONS OF ANY NATURE TO THE F'IJRCI IAC,1=R CUNCERN T 1113 SAID P'ROP'ERTY OND Tivi T 'TETE PURCHASER IS RELYING SOLEY UN ISIS OWN IMSPECTIC41 AND INVESTIGATION OF THE PROPERTY IN THE MAk:.I NG OF Si) I D PURCI I(OSF_ , rit•.ID 'Tt IF_ PURCHASER DOES FURTHER ACKNOWLEDGE AND AGREE THAI- I- I IE ACCEPTS SOIL) RROr-'ERTY SUBJECT TO ANY VIOLATION OF EXISTING CODES AND OR'D I NAHCES THAT H I GI TT EAE DETERM I PIED BY INSPECTION OF THE PROF'EF" TY BY AllY HUN I C 1 PfOL AGENT. ALSO APPLIANCES. IF ANY. ARE TO DE CONVEYED "A'S IS." NOTE: rmy i(tip r-rivemenls to the property which are a rPgnirement of FHA/VA as p'rt of the f-inancing package will be done at the buyer's enpense. 3) 1.)016 SELLER APR 25 '90 10:39 NE AUTO BODY 7ee6619 P.1 Property Lines Binder AMERICAN FAMILY MUTUAL INSURANCE COMPANY Madison, Wisconsin Pending the issuance of Policy for which application has been made and in consideration of the stipulations herein contained, this Company is hereby bound to Guy A. and Diane M. Willis Insured's Name & Hiding Address) 7424 Xerxes Ave. N, Brooklyn Park, Mn. 55444 and legal representative%, fore term not exceeding ninety (90) days, from 12:01 A.M. M Stand.trd Time) of Apri 125, 1990 12;00 Noon CIS Fire and Extended Coverageagainstdirectlossby (Fire, Extended Cover 1?ndurscment, etc.) to an amount riot exceeding One Hundred Eighty Thousand dollars, to the following described property while located and contained as described hereby, and not elsewhere, to wit: ANIT. OF STORIES, INSURANCE CONSTIRUCTiON, ROOF LOCATION S 180,000.00 2 Story, Frame, Approved Roof _12700 55th Ave. N., Plymouth, Minn.55442 S S Coinsurance Clause Applying: N4 gl°. <«' 'C" A Pk, Mortgage or Loss Payable Clause to, Mortgagee's Name and Address) It is expressly stipulated that this binder is issued subject to all the terms and conditions of the policy regularly issued by the Company in the state where the property is located, which Policy is hereby made a part thereof to the same extent as if fully set forth herein; and to the payment of such premium as may be found to be due to this Company, which Prerniurn, in the event of loss before expiration of this binder, shall be fixed at the full annual premium for the sum insured. It is a condition of this binder that whenever the Policy of this Company is issued in lieu of its undertaking under this binder, its obligation hereunder shall cease and be void; provided however, that this binder shall riot continue in force beyond the expiration date stated herein. In no event shall this binder continue in force beyond ninety (90) drays from the effective date of this binder, This binder is made and accepted subject to the foregoing Stilrtllations and conditions and shall not be valid unless countersigned by the duly authorized agent of this Company. Dated at Mp 1 s . , Mn. , this _ 25th -/, day of Apri 1 l 9 90 Agent Robert H f Pu am TO A GFNT.S': h iv vei-.i- important that.rou mail a cops of hirc(.ear to this coml)any on the clar is.vuerl, alon,q ivitlt the applirution. U -S 16 1:179-3 —SEE OTHER SIDE — Stock No. 10760 Summary In general, the property appears to be a nice home in an area conducive to retain its investment value. The negative aspect is largely found in the sizeable investment without warranty on anything as no H.O.W. is available for the (10) year major or structural and no (1) year warranty on all other ocmponents. The second major negative impact is the current property taxes due to over valuation by the municipality as a result of an inexperienced builder in the spec home market. Today, other new homes are currently available within a (4) block radius from $204,500.00 to $218,500.00 that afford size and amenities to equal or exceed this property. Enclosed is a list (see attachment list of non -included) of features usually found in a property where an investment of $240,000.00 or more is considered. Therefore, it is our approach to offer a fair price that reflects closer to the true value and pay out of pocket (see detailed cost basis) many items normally included that are currently deleted, defective or were never scheduled for this property. List Of Non -Included No Warranty Cn Any Thing No H.O.W. No Aluminum Soffits Or Eaves No Security System No Intercom System No Front Exterior Door No Clad Windows No E Type Glass No Fireplace Doors No Central Vacctm No Humidifier/Air Filtration No Cedar Shake Roof No Appliances No Sprinkler System No Wood Panel Garage Door No Screens For Porch No Garage Entry Door No Foundation Insulation No Upgrade Carpet (#2) No Vault Or Beam Ceiling No Skylights No Fireplace Cleanouts No Walk -In Closets (Except Master) No Floor Trusses No Private Street Or Cul-de-sac Location No Garage Door Opener (1 Door) No Cement Drive No Hardwood Doors Throughout No Hardwood Cabinets No 200 Anp Service Defects Or Repairs Identified Cost Estimate Basement Water Problems repair foundation & drain tile system per Pelvet Masonary) $5,800.00 Roof/Ventilation Missing Or Altered per Scheer Brother Lumber) 120.00 Broken Plate Glass Window (1/4" Special Cut) In Porch per Scheer Brother Lumber) 188.00 Cracks From The Window To Floor Of Basement Walls per Pelvet Masonary) 2,560.00 Carpet Stains And Sun Bleached per Carpet Country) 360.00 Repaint Portion Of Walls per Knotch Interior) 300.00 Hardwood Floors Scratched per Maint. Co.) 175.00 Broken Panels In The Cabinet Doors, 7 Panels per Steward Cabinets) 408.00 Refill/Grade For Landscape per Robeck) 1,200.00 Cement Pad For Central Air Unit per Knox Lumber) 36.00 No Locking Hardware On All (6) Porch Doors per Scheer Brothers Lumber) 138.00 Repair Settlement Of Asphalt Driveway not available yet) ? TOTAL $11,285.00 SUBJECT: Property Purchase Agreement LOCATION: 12700 55th Avenue North, Plymouth, Minnesota DATE: 3/6/90 The following information is the basis for our offer to purchase the property at 12700 55th Avenue North, Plymouth, Minnesota. Detailed Cost Basis Current Listing Price Current Appraised Value Buyer Assumed Non -Warranty Risk Ten (10) year H.O.W. major structural (2%) One (1) year all components (1%) Appliance Allowance (was part of original value removed during foreclosure in 1989) Custom drapes and wall treatment (was part of original value removed during foreclosure in 1989) Sell Liability for Non -Homestead Tax Payable in 1990 Defects and Repairs (see enclosed estimates) Buyer Cost for Structural Inspection Actual Value 225,900.00 241,500.00 4,216.00) 2,108.00) 4,320.00) 6,644.00) 2,000.00) 11, 285.00) 170.00) 210,757.00 I LAKE CAMELOT ESTATES 13815 58TH AVE PLYMOUTH, MN 55442 PRICE - 017 ? o FEATURES OF THIS ROME SCHOOL DISTRICT: ELEMENTARY: JR. HIGH: SR. HIGH: OSSEO SUNNY HOLLOW ELEMENTARY NORTH VIEW JR. OSSEO SR. LEGAL: LOT 11, BLOCK 10, LAKE CAMELOT ESTATES LOT SIZE: 99 X 141 X 89 X 166 APPROXIMATELY 2793 SQUARE FEET, PLAN # 8822 FOUR BEDROOMS, THREE BATHROOMS FIRST FLOOR DEN CULTURED MARBLE VANITY TOPS WITH MOULDED SINKS 1/4" PLATE MIRRORS OVER VANITIES SINGLE PERSON FIBERGLASS WHIRLPOOL TUB CERAMIC TUB AND SHOWER ENCLOSURES OBSCURE SHOWER DOOR OVER SHOWER BASE (NOT TUB ENCLOSURE) CERAMIC ENTRY AND BATH FLOORS, DOES NOT INCLUDE CLOSETS MAIN FLOOR FAMILY ROOM FIRE PLACE IN FAMILY ROOM WITH RAISED HEARTH AND OAK MANTEL FLUE IN LOWER LEVEL 6 RECESSED LIGHTS POPLAR STAIR THREADS OAK COLONIAL SPINDEL RAILING OAK PRINCETON TRIM SIX PANELLED HEMLOCK DOORS CHROME SINGLE LEVER MOEN FAUCETS, CHATEAU KITCHEN AND DINETTE FLOORS - OAK STRIP WITH GLISTA FINISH RAISED PANELLED OAK KITCHEN CABINET DOORS PLASTIC LAMINATED COUNTER TOPS IN KITCHEN WITH OAK EDGE DOUBLE BOWL STAINLESS STEEL KITCHEN SINK GARBAGE DISPOSAL MAIN FLOOR LAUNDRY OAK CABINET DOORS IN LAUNDRY, BATHS, ETC. LINOLEUM LAUNDRY ROOM FLOOR HOT AND COLD WATER HOOK-UPS FOR WASHER DRYER VENT AND SERVICE FOR ELECTRIC OR GAS SINGLE COMPARTMENT FIBERGLASS LAUNDRY TUB AND 4" BACKSPLASH X FORESS, HouseMasterof Americas INSPECTION REPORT REPORT NUMBER K-CD3N PROPERTY ADDRESS CLIENT LA. -'i I t LL.- %'-) Owner: `.t' `i'Na2-lL Office: House Style: _` L o -rpV- Reported Age (years): i Yr_IY ` ` 1 r `>< .y Attendees:> tJ== i Q Inspector: Weather/Temperature: Inspection Date/Time: -3 lq -ri 1'Z HMA HOME INSPECTION HouseMaster a = Of America The Home Inspection Professionals"' EDWIN WESTLIND Engineer Suite 222 ft"D 55424 (612) 926-9949 INTRODUCTION pany's professional opinion of the condition of inspected elements of the property as inspection. This inspection was performed, where applicable, in a manner American Society of Home Inspectors (ASHI) and Terms and Conditions of the contained herein was prepared exclusively for the named client and their authorized ormance of the indicated services, the Company neither makes representations nor ncies or future conditions as part of the inspection or this report. Furthermore, unless he inspection nor report includes any environmental evaluation or other inspection not I standard home inspection. each page and any attachments, should be reviewed in its entirety. Any questions resolved prior to title transfer. Inspector Siq-n`a ori Date 01989 HouseMaster of America, Inc. IR10-2 1 of ion and this information of generally include all eriv otain pote1i- uch as, but lead These at and heat - no or floor Aper water inspection of any such ie house or t consider - in or in the Unreported afists in the I or desiring 1c:a or possi- t and condi- idition to a as a tech - e generally r are consid- er, the scope s'nclude but ertIing store, nuitfier. elec- cunly alarm ri sprinklQr, It evaluation tallats,n or s made on the item and 0 Hous` =-. EXPRESSTM INSPECTION REPORT ROOFING & EXTERIOR ELEMENT PARTICULARS MAIN ROOFING: m Sloped Low Slope Flat Est. Age yrs. Est. Orig. Life Span % to yrs. f0 Asphalt Wood Slate Composition Tile Cement Built-up Roll Sheeting Metal Single Ply Not Determined ADDITIONAL ROOFS: Type: _ Age Location Type: _ Age Location CHIMNEY TYPE: Multiple Units T4 Brick Masonry Metal Est. Orig. Life Span. to yrs. Est. Orig. Life Span. to yrs. SIDING TYPE: Wood Aluminum Vinyl L Brick Hardboard Composition 71 Stucco Not Determined ARCHES/DECKS: N Multiple Units Masonry & Wood Frame V] Enclosed STORMS/SCREENS: X Double Glazed Single Glazed Mixed Type Combo Storms/Screens V Screens Storms ' Predominate Type (Spot Check) ELEMENTS °4,QQ°° INSPECTOR COMMENTS O °AV OOFS 0 0 0 0000000 0000000 0 0 O O O 0 0 O 0 00 O O 0r-- 0 MAIN ROOF COVER GUTTERS KiiF:ti DOWNSPOUTS X1'r t10RELE& NTS 0000000 0000000 O 0 0 O 0 0 O 0 0 O O O O O O O O CHIMNEY c;,r -_ » t.,, .... C tc . SIDING FASCIA/SOFFIT nn It 0 0 0000000 0000000 10101010 0 00 00 0 0 0® 0 0 00 101010 O 0 0 0 0 PORCH DECK CNUi F_%nu,ri jxr. `j >t(7ci STAIRS/STOOP reverse side for general information and pertinent comments on the following items: Multiple Layers Wood Roofing Low/Flat Roofs Composite Siding Inadequate Slope Slate Roofing Inadequate Drain Provisions Wood -Soil Contact Built-in gutters/drains Tile Roofing Minimal Chimney Height 'ixl Double Glazed Units Downspout Into Ground Cement (Asbestos) Flue Interior c 1989 HouseMaster of America Inc. ROOFING/EXTERIOR ELEMENTS ? 31 elements heigl-:!o' often con r C"Tair'.age linin pent I.e street. a Ulockage or older units. cedar. ho.r- ra- lctuat ser:ce t or rep -i i bas 3 Ir: rlt is accept - part ;;` this oatly depend - the thfck- elf. ashmgs r•ay maintena-;!= ude fastaner be giazed. rate.'..atsr coic surface as, In-- hies case-;,th enod:caliy a cc^-pos s or st ingte rle an::' like Me, a5nestos d form. under th the pies- ihen the roof it chimneys to Bases. Unfineri ire susceptibl" mbuetion, and y imeric was hould be given It no liner is monitoring of age is found. f1e necessar,, hardboard or entionaf siding ever, are often installation and' perform the re- a-imum service ntact with or in n conducive to Jhenever pos- arance should ning and other amage when/if 4 XPRESS.. Housennasteriiiiiigiiiiiiiiiw__ of America INSPECTION REPORT GARAGE AND SITE ELEMENTS GARAGE: None ® Attached Detached Semi -Detached Under House Carport X Multiple Car ( _ ) Obstructions/Limitations: PATIO: Concrete Brick Flagstone 5 1 N-- I-, WALKWAYS: V Concrete Brick Flagstone Slate DRIVEWAY: Concrete Unpaved N Asphalt Gravel RETAINING WALL: Concrete Block Brick X Wood Timber ELEMENTS,A O 0P OQ INSPECTOR COMMENTS GARAGE 0 0 0 0 0 0 0 0 0 0 0 0 0 01010010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 OVERALL STRUCTURE ROOFING FLOOR DOOR (VEHICLE) SITE ELEMENTS 0000060 0 0 0 O 0 0 000 0 0 O 0 0 0 O 0 0 0 0 0 0 000 0 0 0 0 0 O 0 0 0 0 O 0 0 PATIO WALKS DRIVEWAY RETAINING WALL t k a` f l ti r\lL ` tU[-J L az \C ate. .-, , r . S c ADDITIONAL COMMENTS: REVIEW reverse side for general information and pertinent comments on the following items: Garage Obstructions o Garage/House Separation V'Grading Concerns Piles Garage Door Opener :i Site Elements Slope to House o Expansive Clay 1989 Housemaster of America Inc. GARAGE/SITE ELEMENTS 5 t4 (grading) ," ijat en is ne.,,e- nd'cui dat c: est `oundau:;n nc- concern. p and rurrn^ , g changes c, is a potential e foundaticn, is saturated vpd for in the am=ae to the and non-struc- 4s around the ment ns the founda- iiizirg piles or st construct.on d and the ap- ed during Con- 4 candid= -es nation Accr,- I- ained from me ructure and the vith or indepen- g s:.ttlement if used was not EXPRESS. Housemaster INSPECTION REPORT ATTIC AND INTERIOR ELEMENTS ATTIC: Type: None Not Determined Partially Finished Finished Walk -Up Inaccessible DO Limited Access Multiple Areas Obstructions/Limitations: Insulation: None Visible Blanket -1A Lose Not Determined Amount/Location: '` FIREPLACE: None ® Brick Stone Metal Metal -lined Type Not Determined Decorative Only Wood/Coal Stove — Not Inspected ELEMENTS ATTIC FRAMING SHEATHING VENTILATION EXHAUST FAN HOUSE FAN 1VW.7L#T,', 0 PGO O QQ Q G Q Q OQk.O P O 0000000 0000000 0000000 00000®0 0000000 0000000 0000000 CEILINGS 000000 6 000000 000®00 0 0000000 0000000 0000000 0000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WALLS FLOORS STAIRS WINDOWS' DOORS* FIREPLACES INSPECTOR COMMENTS Random spot check EVIEW reverse side for general information and pertinent comments on the following items: Attic Obstructions Wood Shingle under Asphalt Insulation Between Rafters Ceiling Materials Truss Damage Chimney[Vent Framing Clearance No Vapor Barrier Old Plaster Sheathing Delamination Inadequate Ventilation Insulation Near Fixtures Fireplace Draft Spaced Sheathing Vent Termination Concerns Roof Leakage Insert/Stoves 6 kc 1989 HouseMaster of America Inc. ATTIC/INTERIOR ELEMENTS 7 W,... a d non-cornbusti- a with Insulation: bio measure. t,, •, must be pr(i- r bullet i .d6 acrd cause re c-onrtu.rle to 0 3cfual wQUlre- aCcord(nyli when er recommenda- xhaust ductwork is. etc.) be ducted moisture build-up: wild -up and a fire i placed between on and 'allow for tlmateiy affect the arrier is present (a r. when, conditions utation .,iway from the condition and Membrane :vhich is r"OndenS .!!Of) Or y vent later,-lreas. it can be nstalled rler is not feasible„ reduce concerns. s generaiiy recum- r,y n cess:d light e heat tc d ssipaie tnnimal pro- endea clearances of lea-.sge at local- ks m,17, or may not f may r r;J, or; a m conditions. etc:. rrect as required. SUr1aC- f indam- r; .:re +educed; nary t:; +etermne oncei n. EXPRESS,. Housennaseer INSPECTION REPORT FOUNDATION ELEMENTS HOUSE SLAB: O None 11Full ElPartial ElCarpeted/Floor Cover ElNot Determined El BASEMENT: Type: ElNone V Full ElFinished Part Finished Walls: X Block ElConcrete ElBrick ElStone ElNot Determined Obstructions/Limitations: Insulation: Type/Amount: Location: u V Not Determined CRAWL SPACE: Type: ElNone ElNo Access O Multiple Areas ElLimited Clearance Walls: ElBlock ElConcrete Brick Stone ElOpen Pier Not Determined El Obstructions/Limitations: Insulation: Type/Amount: Location: ElNot Determined ELEMENTS 0 O 4P Q 0 ? ? INSPECTOR COMMENTS HOUSE SLAB 0 0000000 01 0 f 0 0 0 0 0MAINAREA PIERS/COLUMNS BASEMENT G 00 60 00 00 000000 00 0 0 00 0 0 00 00 0 0 0 06 00 06 00 0 0 0 0 0 0 0 0 r:K ..,rc:•;c.-, :> t ,i <- _,w. ' FOUNDATION WALLS PIERS/COLUMNS FRAMING ham\LJJ.M t l Iaa xrc.. r -.I _:ri: MAIN BEAM(S) STAIRS FLOOR at r'eakar: ATER PENETRATION as a from .is tea'. 2'^'rS havO a 11.,r y rcrrnatien from the No Seepage ElDamp ) Wet) at Time of Inspection. ElEvidence of Prior Penetration RAWL SPACE 0 0 0000000 0 0 0000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FOUNDATION WALLS PIERS/COLUMNS FRAMING MAIN BEAM(S) FLOOR Er4 PENETRATION ( No Seepage Damp Wet) at Time of Inspection. Evidence of Prior Penetration EVIEW reverse side for general information and pertinent comments on the following items: Slab Construction Crawl Space Obstructions Screw Jack/Adjustable Wood DestroyingSlab/Grade Beam Horizontal Cracks Columns Insect Treatment Stone/Brick Foundation Substantial Lateral Movement Balloon Framing Wood DestroyingSumpPumpInsectDamage g p1989 HouseMaster of America Inc. SLAB/BASEMENT/CRAWL SPACE 11 PROPERTY OWNERS NAME: John Werr PROPERTY ADDRESS: 10600 43rd Avenue North, Unit #111 PID #: 13-118-22-21-0065 LEGAL DESCRIPTION: Unit 111, Condcmi.nium #129, SAGAMORE FIVE 1990 ESTIMATED MARKET VALUE: 1990 REVISED MARKET VALUE: ISSUE: 70,800 60,000 The owner requests a 1990 estimated market value of $55,800. Mr. Werr purchased his hams in May of 1988 for $57,500 cash from HUD. The 1989 Board of Review lowered the 1989 estimated market value from $70,700 to $60,000. a •.iia+ i • •. Mr. Werr was told the Assessing Department would continue to do sales studies on Sagamore and it may become necessary to raise values there in the future. It is recommended that the market value of this property should be changed to 60,000. Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Condominium "D' 1983 1,104 57,500 05/19/88 Respectfully sutanitted, J Cormick, CMA Appraiser 1990 BOARD OF REVIEW Comparable #1 PID #13-118-22-21-0083 Address: 10600 43rd Avenue North, Unit #305 Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Condominium "D" 1983 1,104 77,000 05/28/88 Quality Homes, Inc. Comparable #2 PID #13-118-22-21-0084 Address: 10600 43rd Avenue North, Unit #306 Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Condaninium "A" 1983 1,315 85,000 10/20/88 Quality Hanes, Inc. e C aparable #3 PID #13-118-22-21-0073 Address: 10600 43rd Avenue North, Unit #207 Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Condaminium "C" 1983 1,210 75,000 08/01/87 Quality Haas, Inc. Comparable #4 PID #13-118-22-21-0055 Address: 10600 43rd Avenue North, Unit #101 Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Condominium "C" 1983 1,210 88,000 07/17/87 Quality Hames, Inc. I- 1990 STAFF REPORT #13 1990 BOARD OF REVIEW STAFF REPORT AMID RECOMMENDATION PROPERTY OWNERS NAME: Peter Tysdal PROPERTY ADDRESS: 3005 East Medicine Lake Boulevard (Lakeshore) PID #: 24-118-22-32-0009 LEGAL DESCRIPTION: Lot 32, REGISTERED LAND SURVEY NO. 333 1990 ESTIMATED MARKET VALUE $51,200 1990 REVISED MARKET VALUE No Change Recommended ISSUE: Property owner believes his market value has been calculated in error compared to his purchase price, that the lot value has been miscalculated, based on the lakeshore front footage, that the building has been mistakenly overvalued, and that he has been discriminated against with regard to his market value. REC0100 TION: Based on a review of the appraisal and on the current sales study indicating this property is not overvalued and is consistent with comparable properties, no change in values recommended. Dwelling Style: Rambler Year Built: 1945 Square Feet: 500 Sale Price: $25,000 Sale Date: July, 1986 1990 Board of Review Page 2 Mr. Tysdal has had a long standing complaint about his property value with the City of Plymouth. He has objected several ways and several times about the value of his small rental cabin on East Medicine Lake Boulevard. Property tax appeals are a right of any taxpayer in the State of Minnesota. In the past, Mr. Tysdal has used or tried to use any source of appeal to "beat the system." On April 26, 1990, Mr. Tysdal called me and asked if he could "secede" from Plymouth. I informed him I was not sure of how this could be accomplished. I also informed him he may want to contact his local area legislators to see if his boundary lines could be statutorily changed and if it was even possible for him to secede from Plymouth. During his long and exhausting conversations with the entire staff at one time or another, Mr. Tysdal's property has been thoroughly reviewed and examined. There are copies of all of Mr. Tysdal's review, court appraisals, letters, and interrogatories available in my office upon request. This subject property under appeal is owned by Mr. Tysdal and it is a rental. He lives and homesteads the property adjacent to the north. Originally, (1987) Mr. Tysdal refused to allow an appraiser on his property to view the interior of the home or the exterior. This was the beginning of his problems as we are allowed under the law to view and inspect property for ad valorem taxation purposes. He was originally informed that it is impossible to properly and accurately reappraise his property without viewing it. During the summer of 1988, Mr. Tysdal finally allowed appraiser Sue Mauderer to physically inspect and reappraise his property. After her on-site inspection, Mr. Tysdal filed a police report accusing Ms. Mauderer of trespassing. The subsequent charge after interpretation of the statute has since been dismissed. Lakeshore property by its mere nature is scrutinized and analyzed very closely each year by individual lake. A very extensive multi-year sales study of lakeshore homes on Medicine Lake was prepared indicating sale prices in excess of Mr. Tysdal's property and that the market value is equalized. Two of these properties are included in the attached market comparison. For your review, there is also a map attached showing the location of Mr. Tysdal's rental cabin. Based on the above information, it is the opinion of this appraiser that the market value of $51,200 is a fair market value of the subject property as of January 2, 1990. No change in value is recommended. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor Cot arable #1 Address: 2955 East Medicine bake PID #24-118-22-32-0010 Dwelling Style: Rambler Year Built: 1944 Square Feet: 500 Sale Price: $47,000 Sale Date: May, 1985 Ccuparable #2 PID 024-118-22-32-0008 Address: 3015 East Medicine Dake Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: MARKET COMPARISONS Rambler 1938 $•?' •. • 788 69,000 December, 1979 (This is Mr. Tysdal's homestead) PROPERTY OWNERS NAME: PID #: LEGAL DESCRIPTION: ISSUE: 1990 STAFF REPORT #14 Shirley M. Gardner 10699 53rd Avenue North 12-118-22-21-0007 Lot 4, Block 7, PHEASANT TRAILS 1990 ESTIMATED MARKET VALUE: $103,400 1990 REVISED MARKET VALUE: No Change Reccnu ended Mrs. Gardner appeared before the Board of Review and objected to her 1989 property taxes. Her question was not market value for either the 1989 or the 1990 assessment. RECOWENIDATION: Per my conversation with Mrs. Gardner on May 15, 1990 her questions were answered in regard to the payment of her 1989 property taxes. In October, 1988 Mr. and Mrs. Gardner purchased their townhome in Pheasant Trails where construction had began in late 1987. The partially complete value as of January 2, 1988 created a property tax including special assessments of over 800.00 in 1989. After a lengthy discussion, Mrs. Gardner agreed that the property valuation for 1990 is not excessive and that the taxes she owed possibly could have been the responsibility of the developer or builder. Based on our conversation, and Mrs. Gardner's agreement, no adjustment is reccmmended in the 1990 market value or classification. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor 1990 STAFF REPORT #15 1990 BOARD OF REVIEW STAFF REPORT AMID RECCMMQIDATION PROPERTY OWNERS NAME: Mildred D. Sibet PROPERTY ADDRESS: 10803 53rd Avenue North PID #: 12-118-22-22-0033 LEGAL DESCRIPTION: Lot 1, Block 2, PHEASANT TRAILS 1990 ESTIMATED MARKET VALUE: $102,400 1990 REVISED MARKET VALUE: No Change IM-I nm The property owner states her value is too high and senior citizens should get a break on their taxes. Vaw-o 10 1 P1 Ll 1 Iftly 0 tell eln The owner paid $113,000 in 1989. Sales support the owner's 1990 estimated market value of $102,400. The owner has been made aware of Minnesota Property Tax Refund Foran M-1PR for which she may or may not qualify. The value is fair based on the values and sales of similar units. No change is recomi-ended. Dwelling Style: Townhouse Year Built: 1989 Square Feet: 1,260 Sale Price: $113,000 Sale Date: 07/28/89 Respectfully submitted, Jo Cormick, CMA Appraiser X Ccaparable #1 PID #12-118-22-22-0052 Address: 10723 53rd Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Townhouse 1989 1,358 120,863 10/13/89 MLR Construction Cmparable #2 PID #12-118-22-21-0007 Address: 10699 53rd Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Townhouse 1988 1,268 109,900 10/08/88 MLR Construction MARKET COMPARISONS t' Ccrq:)arable #3 PID #12-118-22-22-0047 Address: 10703 53rd Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Townhouse 1989 1,335 126,264 11/03/89 MLR Construction Ccuparable #4 PID #12-118-22-22-0048 Address: 10707 53rd Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: Townhouse 1989 1,448 132,200 12/08/89 MLR Construction 1990 STAFF REPORT #16 PROPERTY OWNERS NAME: Audrey Logsdon PROPERTY ADDRESS: 1605 Dunkirk Lane North PID #: 29-118-22-31-0015 LEGAL DESCRIPTION: Long Legal 1990 ESTIMATED MARKET VALUE $61,000 1990 REVISED MARKET VALUE $59,600 ISSUE: Mrs. Logsdon has two concerns. Her 1990 value notice indicated she was non - homestead. She also believes the disrepair of her home indicates the market value should be reduced. RECOMMENDATION: Mrs. Logsdon was hand delivered a homestead card to sign in place of one that had been lost in the mail. Her property is now listed as homestead. An onsite inspection revealed settling problems with the glazed porch on the front of the home and the house is showing its age. It is recommended the 1990 value be lowered to $59,600. Mrs. Longsdon agrees to this reduction. i Dwelling Style: Rambler Year Built: 1952 Square Feet: 768 Respectfully submitted, Jan Olsson, CMA Appraiser PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: 1990 STAFF REPORT #17 Mark Lewis 3700 Vinewood Lane North 15-118-22-43-0028 Lot 7 Block 2 HERITAGE WEST 1990 ESTIMATED MARKET VALUE $190,400 1990 REVISED MARKET VALUE $181,200 ISSUE: Mr. Lewis is concerned that the value on his home is considerably higher than his purchase price. Although he is aware his sale was due to a relocation, he feels his hcme is unique for his neighborhood. RECDATION: It is recommended that the 1990 market value be lowered to $181,200. The subject is a unique property with no identical ccu parables. Due to the unique floor plan the house does deserve some functional depreciation. Dwelling Style: 4 -Level split Year Built: 1985 Square Feet: 1807 Sale Price: 172,000 Sale Date: 8/89 Respectfully submitted, X', Jan Olsson, CMA 991 BOARD OF REVIEW MARKET1 CCHPARISONS Comparable #1 PID #15-118-22-43-0053 Address: 3625 Wedgewood Dane North Dwelling Style: Multi-level split Year Built: 1988 Square Feet: 1643 Sale Price: 215,000 Sale Date: 3/88 Caq)arable #2 PID #16-118-22-11-0083 Address: 14505 43rd Place North Dwelling Style: Multi-level split Year Built: 1986 Square Feet: 1398 Sale Price: 185,000 Sale Date: 5/88 I G 1 5- 1Z-4, U1_- 1990 BOARD OF REVIEW CaVarable #3 PID #16-118-22-11-0057 Address: 14500 43rd Place North Dwelling Style: Malti-level split Year Built: 1986 Square Feet: 2002 Sale Price: 208,000 Sale Date: 4/89 PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: 1990 STAFF REPORT #18 Victor Knutson 11925 50th Avenue North 11-118-22-24-0087 Lot 8 Block 4 Palmer Creek Estates 4th 1990 ESTIMATED MARKET VALUE $ 195,200 1990 REVISED MARKET VALUE No Change Recommended ISSUE: Mr. Knutson stated he feels his lakeshore is overvalued. He believes he is overvalued because he has less front footage, more weeds and sludge build up from run off than his neighbors. ON: After a field inspection it was discovered that Mr. Knutson may have less front footage than some of his neighbors; but as the pictures reveal, he has beautiful access to Schmidt Lake. His value compared to similar properties is equal to current market studies. (see comparables and map attached) No evidence of weeds or sludge buildup was noted. No change in value is recommended. 1990 Board of Review Page 2 Dwelling Style: Split Level Year Built: 1979 Square Feet: 1,617 Sale Price: $ 110,000 Sale Date: 1979 Respectful. ulanitt Jan Olsson, CMA Appraiser Catparable #1 PID # 11-118-22-24-0082 Address: 12005 49th Place North Dwelling Style: Split Level Year Built: 1981 Square Feet: 1,726 Sale Price: 160,600 Sale Date: 07-81 Lakeshore Carrparable #2 PID #11-118-22-24-0088 Address: 11915 50th Avenue North Dwelling Style: Split Level Year Built: 1980 Square Feet: 1,508 Sale Price: 189,000 Sale Date: 11-86 Lakeshore OF A COMPARISONS r'5s mm®M G y" ars. t 1 11 IT r1 fV Nl JJ 78) (79)_ 8 (7a) t es) I (s7) ICaa) ti - 1 145 181.49 t 11.y5f ,In 1 C1 155- IIS— 149.70 126.58 50 ' "•n t49 t3 95, a: SO270 LD I1I$ EAST b 153.59 3 (58) 131 9 1 /99j vW 1 89) • 4 (75) eI6 ,}j 31.,72 9p ,6• i%/.'IVU W 130;° A la (85) sp ( 84) OUTLOT 8 Sa9.42 20 4 SCHWIDT LAKE X30 s N oLD E900-s)DS ( 72 83) ,r N 1 130 -0 30)Two$ 81) (82) SOL/D (72) I 171.91 121.89 0' 50 !/ _ _ 379.72 130- 160. 16 179. 42 ; •.:.. 50 ....339.75 125 30 211 1Rb , 4 2) ti 2041) 19 (123 o (40) y OUTLOT G ( 51} a lj a COURT1601 15 (37) '3 S (39) ',S _' — 8(52). 36) ' 6 ' , ..182. St 60 .; N89v6.0sw 1ys.94 7 1oz.o_ , a'ja CA.O- <' .i ' 327.32 30.18 244 - fl 502 141.59 1 4 4 A OL N N 17 '( 53) 5?E O 502 , 151.74 1 d r ( 56i ) 42 3fa2'' 749 • .1 923 - OL I $ I a-( 20) ( 59 ) 57) e (58) 36.61 120 f 170.62 1 1 1.59 61.37 1 M O.o.t 14 1N N89'S3'S3 E 35 99' .b R 3' (72) %(73) o. 71) M ti 14 OL A 2 6 ^ 1 131 OUTLOT A F ;=(70) 1n 1`, "'- ( 74) = (9 1) 90 / SCHMIDT LAKE 1990 STAFF REPORT #21 n , 1990 BOARD OF REVIEW STAFF REPORT AND RECOMM:)ATION PROPERTY OARS NAME: Robert and Catherine Groetsch PROPERTY ADDRESS: 2735 Queensland Lane North PID #: 19-118-22-43-0046 LEGAL DESCRIPTION: Lot 14, Block 6, MEADOWOOD 1990 ESTIMATED MARKET VALUE 1990 REVISED MARKET VALUE 141,700 140,500 ISSUE: Mr. Groetsch feels his sales ratio should be between 85% and 90%. He paid 140,500 for the property in July, 1989. MY; Fre",715 1I I The subject is a very well-built rambler with two fireplaces, three baths, and other high-quality amenities including a remodeled, sky -lit kitchen with hardwood floor, built-ins, and an abundant area of ceramic countertops. The nicely finished basement with wet bar walks out either directly into the yard or into a glazed porch undeer the deck. The yard has a privacy fence and a recently -added inground pool. The property is located in a desirable area of older homes and a value of $140,500 is reasonable. The property was viewed and an appraisal done on May 11, 1990. It is recnded that the 1990 estimated market value be reduced to $140,500. t e ms'` >: r .r to_. -- Y Dwelling Style: Rambler Year Built: 1972 Square Feet: 1576 Sale Price: 140,500 Sale Date: 7/14/89 Respectfully submitted, Joa McCormick, CMA Appraiser 1990 BOARD OF REVIEW MARKET COMPARISONS Canparable #1 PID #30-118-22-34-0015 Address: 18425 14th Avenue North Dwelling Style: Rambler Year Built: 1964 Square Feet: 1764 Sale Price: 180,000 Sale Date: November 1, 1989 Builder: John L ndahl Camarable #2 PID #20-118-22-34-0018 Address: 2720 Fountain Lane North Dwelling Style: Rambler Year Built: 1974 Square Feet: 1852 Sale Price: 175,000 Sale Date: May 17, 1988 6 Z 72 0 )ovwTAmt LAoddr a Canparable #3 PID #29-118-22-22-0024 Address: 17430 24th Avenue North Dwelling Style: Rambler Year Built: 1966 Square Feet: 1642 Sale Price: $146,500 Sale Date: November 29, 1988 Cca parable #4 PID #29-118-22-22-0019 Address: 2415 Jewel Lane North Dwelling Style: Rambler Year Built: 1967 Square Feet: 1540 Sale Price: 146,000 Sale Date: August 1, 1989 i.0,Gt• C MARKET COMPARISONS f 1990 STAFF REPORT #22 PROPERTY OWNERS NAME: Michael Caris PROPERTY ADDRESS: 2610 Comstock Lane North PID #: 20-118-22-43-0040 LEGAL DESCRIPTION: Lot 10, Block 4, MAPLE)EL.T 138,200 ISSUE: Mr. Caris purchased the subject property in December 1989 for $132,147. He is questioning his 1990 estimated market value being over his purchase price at 138,200. A field review of Mr. Caris' home showed it to be equal in value to homes of the same age and style in his neighborhood. Mapledell is a sought after established neighbor and the sales indicate a strong market. Ccanparables follow that are located in his neighborhood as well as surrounding areas. Y a Dwelling Style: 2 -Story Year Built: 1970 Square Feet: 1301 Sale Price: 132,147 Sale Date: 12/89 Respectfully submitted, J dl, /I C, Jan Olsson, CMA Appraiser MARKT COMPARISONS Cariparable #1 PID #20-118-22-43-0014 Address: 16511 28th Avenue Norht (Mapledell) Dwelling Style: 2 -Story Year Built: 1970 Square Feet: 1440 Sale Price: $138,000 Sale Date: 12/89 Comparable #2 PID #29-118-22-21-0032 Address: 17020 25th Avenue North (Ponderosa) Dwelling Style: 2 -Story Year Built: 1974 Square Feet: 1345 Sale Price: $150,000 Sale Date: 4/88 y _.._-_.-- ---- a :...-.. ---== ..• -* xs 1 BOARD OF MAR= COMPARISMS Comparable #3 PID #29-118-22-21-0038 Address: 2425 Garland Lane North (Ponderosa) Dwelling Style: 2 -Story Year Built: 1973 Square Feet: 1325 Sale Price: $155,000 Sale Date: 7/89 Comparable #4 PID #20-118-22-34-0007 Address: 2455 Garland Lane North ( Ponderosa ) Dwelling Style: 2 -Story Year Built: 1973 Square Feet: 1239 Sale Price: $144,000 Sale Date: 6/88 A 1990 STAFF REPORT #23 1990 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Roger Bjorlin PROPERTY ADDRESS: 12110 54th Avenue North PID #: 11-118-22-21-0046 LEGAL DESCRIPTION: RLS #857 1990 ESTIMATED MARKET VALUE: $157,400 1990 REVISED MARKET VALUE: No Change ISSUE: Mr. Bjorlin expressed concern over the $18,300 increase in the market value of his hone for 1990. He said his house is in need of repairs and he could be taxed out of it. This custon-built walk -out rambler with slate entry, 2 fireplaces, beamed ceiling, 1-3/4 baths and finished basement is unpretentious, but very well- built. This appraiser was unable to view the interior, but the exterior showed no more than the normal amount of deterioration, which has been taken into account in valuing the house. The value increase for 1990 was due to a 25% increase across the board for the properties with lakeshore on Bass Lake and a 3% increase to the building value which occured in most city neighborhoods. In valuing his property, Mr. Bjorlin has been treated equally with the other property owners in his neighborhood. Based on a review appraisal and current sales, no change is recommended. 1990 Board of Review Page 2 Dwelling Style: Rambler Year Built: 1961 Square Feet: 1288 Builder: Ross Ellison Respectfully submitted, J McCormick, CMA Appraiser t. l .^ m : " A :,:-1, moi. x Y) ° ) , .r}r)s• . l pl. r51 y (b) LA (Y)' S) ar,...,_ G ..A 1. ,,, y '(AI"b.• _ r ., _ n tit (71) KIRKW00 'E 1 •. O ) - ° a • LQKE w. 3 .: r+" 3 ° * • - a9 ti) ;,). r,.... .yam tl (:) _ r . •}' 00) 1-'(H) (N) k' ! (1) o •'• gG r „ ,p T` - •d r ~>>t Txi tr61 y •f•O (•e) .fNw. .._ w. i n•-' +q' yt'• Via,?• .',. `•• •• 59TH•, > a AVE. 1. . t ") " .• 226,000 9/87 - ' ts,;; ° •,.. aA , ! r' . •7 f.-• 195,000 7/87 it(Y).i (SI) r (m) (KI •,t• BASSt 19W KN[K rWro) 6.i YC L: I•,•, (19) .' `: N) - Ar D'S e) (a) t Rr•,. 800, 00 6/87 (re; v ' BASS L KE 7- 219,000 M['P m«n 219,000 3/88 '-•w.w I r., " 171 lw ,• j n342,375 4/ 88lk 130;00010/8 0 <ft R•a ';' ONLY 29,900 6/89375,000 5/88 I 31 200 6 88 4 ............ Yin Al 02) AT) fA LAKE s. + ., _ r'1 4TN ADDN I ) 4 rra•n 3 / 25215001/87 Opg 208,200 11/87 r, 331,725 4/87 I 185,000 b I a ® , ` Y° os) 221,000 9/87 c 00. 00) t recn) s n r 308,000 2/88 24 000 4/,$ ' iioar ' ° `m ' " 16 5/88 195 400 7/87 • . , 250,000 3/89A. l` t+l rs .•E tn- .,>, y,r • - ,..,. rrr _ n.. .3•', . TLL ',-; cu ti> t .. w / r . 0) (,I'1(1r-• w . ^, t• _ Yw- MIAMI LRCM L, em ,T.• y+ tis) 3 . .i x (• _ Yr'q req ,, , . " w 54TH s , r a. 1 _I ' rsv 1 ' _ f i R ( S (.$) °"'.% I -"C4_ s-rG-`•E wTw ..9 (I) •,. ern « t . JI r+.. .. ' 4tro)` ` " . = x •Yo sr! ` R (• e) _ tw 4 --- cr', a v' !' i (e) , (it • (e) 1 T ua (]o) ,r: yy • 4 ( il) Z R'i = A ., E+ o •s6•':i < l9 . 0 - .(1) • '.a +`i" tr` , t ` " .._ ".. s' , ' -Af lilj+ (D 011) pu•• a l2e)5" .•• •' s t fl•) -'a ,3R`, o(> ol R er lrl r tIu trn h h . . C4R• . I, h rr r: 1 • S N)l (n b • a ' a,, '" .,. r . a t•n ) (i to , s 'L t'•C t •"!•n f") .--'a-sa- r ? t • ° ,.• S) •'' . L y -. • " Ip) '( .) .. tN SY $ i , •3 ) rat ( 9)` •( e• A. 431 AT BASS " a.: wa. •i _ ,.(,a, ` LAKE tT11UnA00M a 1 tln cr .• L A 0 0 N le) (re) . ® " k t l73) a D _ (r) .1• , <70) r.n n •, • `.' 1 II RI r , ';" . t trs) <ro) * . • cla) ; ' ' t cls) 1577,( 7). I (b) (.r) f••) (•s' (r01 i \ `y a a 1 !'r".o• °' .l i.I ( 731 r}I 1: k) ( SI) 1701 .'(9)J ()n6iti. a.. r Comparable #1 PID #02-118-22-43-0002 Address: 11800 54th Avenue North Dwelling Style: Rambler Year Built: 1969 Square Feet: 1548 Sale Price: 193,000 Sale Date: March 28, 1985 Comparable #2 PID #02-118-22-43-0007 Address: 11620 54th Avenue North Dwelling Style: Rambler Year Built: 1967 Square Feet: 1892 Sale Price: 225,000 Sale Date: August 29, 1986 1990 BOARD OF REVIEW MARKET COMPARISONS If I 0 1990 STAFF REPORT #24 1990 BOARD OF REVIEW STAFF REPORT AND RECQMMENDATION PROPERTY OWNERS NAME: Patrick Hallisey PROPERTY ADDRESS: 4065 Quantico Lane PID #: 16-118-22-32-0009 LEGAL DESCRIPTION: Lot 21, Block 1, PLYMOUITH CREEK 1990 ESTIMATED MARKET VALUE: 1990 REVISED MARKET VALUE: ISSUE: 130,000 No Change Recommended Mr. Hallisey stated that he is again protesting this year's estimated market value. His market value was appealed to the Tax Court for the 1988 and 1989 estimated market value. Both were reduced to $130,000. Plymouth Creek Townhomes were completed revalued for the 1990 assessment. Most values were reduced between 6 and 13% in all of Plymouth Creek. Mr. Hallisey's estimated market value for the prior two assessment years was very unequalized based on the Tax Court ruling. His 1990 market value remains the same at $130,000 as it has for the prior two assessment years. Since the Tax Court is not concerned about equalization, it is the responsibility of the City Assessor's office to value all people fairly and equally. Since Mr. Halisey's 1990 market value Dined the same at $130,000 as set by the TaxCourt, he is now well equalized with surrounding very similar properties. Comparables are attached. No change is recommended. Dwelling Style: Townhouse Year Built: 1982 Square Feet: 1,438 Sale Price: $100,000 Sale Date: April, 1987 Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor WO 1990 Board of Review Page 2 PIN SUBJECT 16-32-0009 Comp #1 16-23-0051 Ccnp #2 16-32-0008 Comp #3 16-23-0056 Comp #4 16-31-0012 Comp #5 16-23-0055 Comp #6 16-23-0061 Ccanp #7 16-23-0054 HALLISEY SUEJECT AND COMPARABLES 1990 MARKET VALUESISALE 1990 ADDRESMARKET VALUE m 4065 Quantico La N Ponderosa 130,000 04-30-87 5 level 100,000 15620 40th Ave N Ponderosa 130,200 01-20-86 4 level 151,095 4061 Quantico La N Ponderosa 139,500 04-04-86 5 level 145,000 15645 40th Ave N Ponderosa 130,100 02-07-86 4 level 155,245 4049 Quantico La N Ponderosa 128,100 02-20-87 4 level 143,000 15655 40th Ave N Ponderosa 127,000 06-30-87 4 level 147,615 15565 41st Ave N Ponderosa 138,300 10-03-87 5 level 165,000 15665 40th Ave N Ponderosa 129,700 03-18-88 4 level 172,200 1990 STAFF REPORT #25 V al• • U Isis V DAG: ]0 Wl VIN ky CC a• • iar• i - . - - PROPERTY ADDRESS: Vacant Land PID #: 17-118-22-12-0001 (38.53 Acres) LEGAL DESCRIPTION: METES AND BOUNDS SECTION 17, TOWNSHIP 118, RANGE 22 1990 ESTIMATED MARKET VALUE AND CLASSIFICATION: $137,900 (Vacant Land) 1990 REVISED CLASSIFICATION: Agricultural Land ISSUE: Mr. Barr's concern was the taxes increased from $2200 to $6500 in one year. The 1989-1990 estimated market value remained the same at $137,900. The classification of the property for the 1989 assessment was changed to vacant land. This increased and generated a payable property tax of approximately 6500. I contacted Bernie Barr on May 10, 1990, by telephone and discussed his change in classification. Prior year assessments placed the property as agricultural in nature which generated a reduced tax. During the calendar year 1988 an on- site inspection was performed by Mike Carroll and the property was not used for any type of agricultural use. On January 2, 1989, the property classification was changed fram agricultural to vacant land. By the nature of this classification change, increased the tax for payable 1990 threefold. During Mike's on-site inspection during 1988, Mr. Barr was informed that without an agricultural use, the property could not be classified agricultural. During 1989, weeds were cut and the land was turned over by plow indicating agricultural pursuit. Subsequently, the 1990 classification on this parcel has been determined to be agricultural. Mr. Barr was informed of this and is satisfied with the new classification for the 1990 assessment. Further, Mr. Barr informed me that with the construction of the new water tower and the availability of sewer and water to this parcel, he will be approaching the Plymouth Planning Commission and City Council with a new residential subdivision and will be ccmmencing construction of 52 new homes during the calendar year 1991. Based on my conversation with him and an explanation of the classification of the property, no change in classification is recommended. PROPERTY OWNERS NAME: Dorthy Krekelberg PROPERTY ADDRESS: 6150 Hemlock Lane North PID #: 02-118-22-12-0034 LEGAL DESCRIPTION: Lot 1, Block 1, OAKWOOD SHORES 1990 ESTIMATED MARKET VALUE: 1990 REVISED MARKET VALUE: 1990 STAFF REPOR-V #26 277,100 277,100 ISSUE: I called Mrs. Krekelberg repeatedly. Finally her business partner, Bernie Barr, called and I informed him of what I had found: 1. Sewer and water was available to the site. 2. The value had increased $1300 in three years. 3. A reappraisal would probably result in an increase in value. He replied, I'll get back to you!" 4. No further correspondence to this date! RECOMMENDATION: No change. Dwelling Style: 4 Respectfully submitted, Mike Carroll, CMA Appraiser Rambler Year Built: 1970 Square Feet: 3179 Garage: Attached 990 sq. ft. Enclosed pool with patio over:1039 sq. ft. Basement: Mostly finished with sauna and too many extras to mention. Respectfully submitted, Mike Carroll, CMA Appraiser 1990 STAFF REPORT #27 KOUT DI' • ' It ' •, I I It •, PROPERTY OWNERS NAME: KATHRYN EDER PROPERTY ADDRESS: 11820 61st Avenue North PID #: 02-118-22-12-0035 LEGAL DESCRIPTION: Lot 2, Block 1, OAKWOOD SHORES 1990 ESTIMATED MARKET VALUE: $141,400 1990 REVISED MARKET VALUE: $141,400 M41001 Dorthy Krekelberg represented Mrs. Eder, her daughter. We have not been able to contact either party as Dorthy has not returned our calls and the subject property has an unlisted number! a •. I lal I• •. A review of the property's appraisals indicates no change. Site: Corner Wooded Lot Dwelling Style: 3 Br w/o Rambler Year Built: 1985 Square Feet: 1289 Garage: Attached 715 sq. ft. Basement: Finished Builder: Lawry Hill Const. Dorthy Krekelberg and Bernie Barr Const. Co. Respectfully submitted, Mike Carroll, CMA Appraiser PROPERTY OWNERS NAME: Marshall Masko PROPER'L'Y ADDRESS: 18520 County Road No. 6 PID #: 30-118-22-34-0005 LEGAL DESCRIPTION: Long Legal 1990 ESTIMATED MARKET VALUE: 1990 REVISED MARKET VALUE: ISSUE: 1990 STAFF REPORT #28 171,600 190,000 Mr. Masko contends his estimated market value is excessive. He states his property should be devalued due to the fact he is off County Road No. 6 and that his home is 30 years old. Mr. Masko refuses to let anyone inside his home. RECOMMENIDATION: Mr. Masko originally called the afternoon of the Board of Review and wanted his value reduced over the telephone. He was told that someone would have to cane out to take a look to do his property justice. Mr. Masko refused to let anyone inside and said we could look "through the windows." Since the Board of Review Mr. Masko has been called repeatedly and has neglected to return any phone calls. Ccaparables follow that have similar homes in quality and style to Mr. Masko. The subject has 2.80 acres compared to 1.62 and 1.50 acres of the comparables on either side of him. Mr. Masko has currently had his acreage surveyed and it is now staked to show how his property could be divided into lots. According to his real estate agent, the house and 1 1/4 acres is listed for $169,000. His adjoining vacant 1 1/4 acres is listed for 129,000. The impact of County Road No 6 is overlooked by the property being lakeshore. Due to the sales occurring around the lake, the lack of cooperation on Mr. Masko's part, and the additional information obtained concerning the sale of his property, I reccxmiend the value be increased to 190,000. Mr. Masko returned my call late Thursday, May 17. He was again told we needed to enter his home to do a proper re-evaluation and Friday morning was available since all recommendations were being sent to the Board Friday afternoon. Again no response. 1990 Board of Review Page 2 Dwelling Style: Rambler Year Built: 1952 Square Feet: 1,307 Sale Price: $130,000 Sale Date: 10/85 90 EMV: $171,600 Respectfully submitted, Jan Olsson, CMA Appraiser L— r i • o[....488 VIA— 08) Yi M. S ir h.l ( t), (I) w - (), 2' 1161: , O IM AERIAL /1Qt9) -t ' ccr f u 36) 17 1, ra.N ,Y . r.• 65) - (75) c"m _ lA) (72)_ - J, . z n (9) e •ti. 'nm a ia . L aa 20TH AVE T500) /o/orOQ p t- : n..:•' i lsl (so) l:9) (o> (su (s"2)rt cis>i (s.)y cs_ 56tD y 5) (t) wTp (3) 19 356, OGV byy . son KY a y T Y JL'c/ 360 0 J) (1) I .gip5OLD I lgo a s - (s) R (t) sKs +a.o 30) (5) • dJ r iI.O ' •.SYS ' J) ski v t • 6 ( yt) 20 R 1990 BOARD OF REVIEW MARKET COMPARISONS Comparable #1 PID #30-118-22-34-0004 Address: 18540 County Road No. 6 t Dwelling Style: Rambler Year Built: 1955 Square Feet: 1456 Sale Price: 138,000 Sale Date: 6/87 Acreage: 1.62 1990 EMV: 158,000 Comparable #2 PID #30-118-22-34-0029 Address: 1500 Xanthus Lane North Dwelling Style: Rambler Year Built: 1960 Square Feet: 1332 Sale Price: 157,500 Sale Date: 5/86 Acreage: 1.5 1990 EMV: 163,500 r r r Cmparable #3 PID #30-118-22-34-0003 Address: 18630 County Road No. 6 Dwelling Style: Rambler Year Built: 1958 Square Feet: 2016 Sale Date: N/A Acreage: 3.77 1990 EMV: 193,000 Carparable #4 PID #30-118-22-23-0004 Address: 2215 Xanthus Lane North Dwelling Style: Rambler Year Built: 1967 Square Feet: 1996 Sale Price: 245,000 Sale Date: 6/89 1990 EMV: 224,700 1990 BOARD OF REVIEW IARM COMPARISONS els jW. s._'' s S `•y _ ': 1990 STAFF REPORT #29 V.11 a Zi 0+- • -a W.1 Z 1 IR;4 DAA iU, Z a •. PROPERTY OWNERS NAME: Gary Schultz PROPERTY ADDRESS: 12500 53rd Avenue North PID #: 11-118-22-22-0064 LEGAL DESCRIPTION: Lot 21, Block 1, PINE RIDGE AT BASS LAKE 1990 ESTIMATED MARKET VALUE $184,800 1990 REVISED MARKET VALUE No Change ISSUE: Mr. Schultz objects to his 1990 EMV because he "thinks" he cannot sell his have for $184,800. He contends the financial burden he experienced developing the area and the railroad tracks impact his value. Mr. Schultz believes the vibration from the railroad activity will damage his house. a •.ii i• •, Mr. Schultz was aware of the railroad tracks not only before buying and developing the land but also before moving into his own home. The financial set -backs he incurred during development are irrelevant as our market values concur with what the hcros are selling for in the area. (see attached map) According to the engineering and building departments there has been no complaints or evidence, before or after construction of any structural damage to any of the homes in the area due to the vibrations from the railroad. It is recommended no.change in value occur. 1990 Board of Review Page 2 W Dwelling Style: 2 Story Year Built: 1988 Square Feet: 1,562 Sale Price: 180,000 Sale Date: 10/88 Respectfully sutmitted, Zlexc-") Jan Olsson, CMA Appraiser 1990 BOARD OF REVIEW MARKET COMPARISONS Carparable #1 PID #11-118-22-22-0049 Address: 12400 53rd Avenue North Dwelling Style: 30 Year Built: 1987 Square Feet: 1,341 j Sale Price: 196,000 Sale Date: 02/88 j Canparable #2 PID #11-118-22-22-0052 Address: 12510 53rd Avenue North Dwelling Style: 30 Year Built: 1988 Square Feet: 1,132 Sale Price: 164,045 Sale Date: 05/88 a 14 Caparable #3 PID #11-118-22-22-0050 Address: 12410 53rd -Avenue Abrth Dwelling Style: 30 Year Built: 1989 Square Feet: 1,399 Sale Price: 175,000 Sale Date: 01/90 1990 BOARD OF REVIEW 264 1.32 RES ' t• O ^ ( '•1"•, - u =,N • u ` • •• spy • - i fes u • -1(L '• 1 v v .• ' N M v u ./ 1v 17 10.04 m. 9o.3D e 1 1 to 4 s 11. v,4 11.7 4LA LO v v•r t 1 <. 'O Off_ CP~ 1,, " ^ y 44. ,. o` er •• r ¢ •b • V 1 I.A '• 1I g;Y11 .' J O A, s ^ e l rt ''+. t, '. $4r ~ •^ i • i '6 a ef - V l . s IID. 24 • • : ^ '4 v - 76i ^ fO J• 7 v ~ A\o ar 136. SEP . , >* Y • . 171. 17 Jf. 1 _ N • 4q s •40. 1e Q, : = a • r M ' J. 'd4?^ r p.3 v v ` 3ov r d •. Otw 1 ... O •J d ...4I 177 1' . ; 3 a ^ Pb 00 ON c: ti VO+-dS = R i•.. • Q ' ^: •.``"/ j N . (0, 11• \ . 1 i yam+ :• ^ e40`, (} , a ` y' c• j j SOD CP 20 9.41 p F 7S N r NI, - J .. ` ••i 5 ' P \ n l 8s 203. Isle. 19 ! < ' , S , ?, Nb/ ` b .¢-a ' ,", ' o .:.... •i'' ,. ir cl fit 50.05. 10. 95 1 279.05 ur_ 1 . •'i SX b r . ' tq 147.7 V j • 222.93 60.5• 53.06 50.0s..: M s N .. .. Y fy • ` .. .-. N M i -+. N ,,, N .r • N _ 161.44 161•' M v v 30 30 a v u1 v N v- w • ( '.. 405.5 117 FRES zS + 7 .. •: an v • v d IW. M h• .' Is rem ID 7ig ESTATES PID #: LEGAL DESCRIPTION: ISSUE: 1990 LEITER #1 a• • •W-N 19 - a •: i iD4 a •. NuAire, Inc. 2100 Fernbrook Lane North 27-118-22-23-0013 Long Legal 1990 ESTIMATED MARKET VALUE $ 2,814,700 1990 REVISED MARKET VALUE No Change The NuAi a Company submitted a letter to go on record as appealing their 1990 Estimated Market Value. In the letter, they are also going on record as appealing the 1989 valuation of $2,660,000. a.O.,,iui5+1r• : M9-7 After a review of this property and conversations with James O. Sande, Controller, I feel that the value of this industrial building is well equalized and is not overvalued. I have asked the NuAire Ccnpany to furnish me with a letter of opinion or a fee appraisal, providing me with same information that the market value is not justified. Based on this information I am recommending no change in value. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor x. PW • i- n i 0@5 Wraffs PID #: LEGAL DESCRIPTION: ISSUE: 1990 LETTER #2 al' • • Ism Z4 ? •. 11N it • • PYA Monarch 9605 54th Avenue North 12-118-22-11-0005 Lot 1 Block 1 Scherer Industrial Development 1990 ESTIMATED MARKET VALUE $ 7,355,000 1990 REVISED MARKET VALUE No Change Recommended I have received a considerable amount of correspondence and a letter dated April 24, 1990 from the International Appraisal Company asking to go on record to appeal the 1990 market value of the above described property. RECOMMENDATION: The International Appraisal Company is a newly formed property tax representative company located in upper Saddle River, New Jersey. This appraisal company has filed appeals throughout the metropolitan area on large industrial buildings. I find it ironic that they are filing an appeal on a building of this magnitude without viewing the property or even krxming its correct address. (See the attached letter). Until further documentation or information is received from this tax representative company and with no foundation to their claim, I am recamiending the value remain unchanged for the 1990 assessment. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor INTERNRTIONRL RPPRRISRL COMPRNY April 24, 1990 City Assessor 3400 Plymouth Boulevard Plymouth, Minnesota 55447 Re: PYA Monarch 54 5th Avenue, N. 12-118-22-11-0005 Gentlemen: International Appraisal Compamy is the duly authorized tax agent for the referenced property. It is our opinion that this property is over -valued as the assessment indicates an equalized value in excess of the actual or market value in that the subject property is assessed at a higher proportion of its actual or market value than other properties in the taxing jurisdiction. Accordingly, we kindly request that you accept this letter as our appeal of the referenced property for the year 1990. Very truly yours, INTERNATIONAL APPRAISAL COMPANY Mi hael P. Murphy MPM:mc 110 Pleasant Avenue, Upper Saddle River, New Jersey 07458 201/934-7000 199U S"l'AFF l,E'1'lER #.i Iffl!-14-IMM0 M91 PROPERTY OWNERS NAME: Robert & Linda Blanke PROPERTY ADDRESS: 3610 Underwood Lane North PID #: 15-118-22-43-0039 LEGAL DESCRIPTION: Lot 3, Block 3, HERITAGE WEST 1990 ESTIMATED, .MARKET VALUE: $245,100 1990 REVISED MARKET VALUE: No Change ISSUE: Mr. Blanke wrote a letter stating the $234,900 lising price on his house was reduced after approximately four months on the market to $224,900, at which it was listed for 24 days before the sellers agreed to sell it for $215,000. He feels the estimated market value is not representative of the market. I V 06-1k,ulul iu/ On May 11, 1990, a review appriasal was done and, from the information gathered, it is reccnrended that there be no change in the 1990 estimated market value. I w Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,824 Sale Price: 215,000 Sale Date: 10/03/89 Builder: Robert Fitch Construction Inc. Respectfully suhmitted, -- Joan McCormick, CMA Appraiser 1990 Board of Review Page 2 The comparable sales included in Mr. Blanke's were either split-level houses (the subject is square feet, as opposed to the subject which feet. This sale was a relocation sale and as study. The property sold for $233,000 in 1986 letter were provided by a realtor and a 2 -story) or in one instance only 1,312 has a foundation size of 1,824 square such would not be included in our sales and remains in excellent condition MARKT COMPARISONS Canparable # 1 x PID #15-118-22-43-0018 4 Address: 3635 vinewood Lane North Dwelling Style: 2 -Story Year Built: 1985 Square Feet: 1,768 Sale Price: $265,000 Sale Date: 05-22-89 Canparable #2 PID #15-118-22-43-0034 Address: 13120 37th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1986 1,405 247,000 11/21/88 Wayne Jopp Construction Comparable #3 PID #15-118-22-43-0037 Address: 13105 37th Avenue North Dwelling Style: 2 -Story Year Built: 1985 Square Feet: 1,388 Sale Price: 235,000 Sale Date: 05/30/89 Builder: J.R. Uzzell Builders Comparable #4 PID #29-118-22-11-0008 Address: 2370 Yuma Lane North Dwelling Style: 2 -Story p Year Built: 1988 Square Feet: 1,158 Sale Price: 250,000 Sale Date: 04-90 Builder: Lundgren Brothers Construction 706. 5 46)6j a 47) 4 8 - 48) - 124. e9 s in (49) A Q 14 89 6 3 (50) Ot 51) 9 ti x(54) (57)x. R. 141 • `j 58) 2.63 'q N 3 ' • k. 313. 62) t 6 2a4. a9 3E 1 i4 1 NE 5E 6) 157.64 t65 41 It 5 -6 7 4 $ (43) (44) (45) 42) 9a 53 98.86 1 3 4t1 00 223.64 10 57) O^> B•G a v 0y • O, . 2 S 9 a ( 40) 0, ( 56) 41.52 0 ( 55) r9 ra 1 to 57 147.65 72.71„T `' (55) g 4q { I i _ o 39) S "' , 50.03 °° T 6 5 g 1 A 3 r (6) ( 5) +_ - ` 61. J ;60 'Fs (54) 10) (9) ( 8) 60 a h e 3/ I) ci 16 2 'JJ ~ $ St.05 (S3) H AV '''..N 1 (49) gyp/ 4 v $ 48)v x( 51)` ( 52) e as. 4 ' 2 22) All LASS 45 41 1 2)1 (23) I 7 6 5 g 3 ' 87 I .14 11 111. 50' •.. (27) (26)g (25) (Za) esn4 t; 5' Itea•sa.T RI CE E TATE qq 3oa4 2 1 3) b 9 '/ 3 _ ' IS T " 6 N 10 (27) x° (26) (25) (24) 7 28) / ° 14 ' 36) --(30) (z9)$ 5 26- S 3 (28) 6 lea oa to CEJ'• + fi t35• Z e' 29.52 - '^ •2010e , 14)`68 53 ? 6 40.07•. o Sa` , = ^, arr.. 4 IA• 2 r• 130. -. HJ 1 1 ( 29) SS a t j 1' «r^ " 127 95 tn (34) , 13 1 e IS) 2 9 1 0 9 t• 928 R t,097. (38) ( 17) 00) 12 12 t 16) t4 532`. ( X37) 129.72 N ( 37) 296.41 1I I 10.2b t0 Sale 3 g 42.01 -: ' s t'S'6} ( 18) s t3 rriX27.99 2 26.70 s • 24 17) -.(31) R 11 _ r e.46 (32) N 6 Rm 1g 1 s N t66.\4 4.. i i / (32) 3 2 41.89 x(36)=- 3 • f 119.33 4 Q (38) _ 67 `a ' 120.61 1 •'• 0 sale i 18) 't : •31.94 A 1434.114s 36 `° 5 30 44 35) (20) Sb' IS / t 95 a A® 4 e 141.8 r& 51EST 16 (21) .x( 40) _ tZ 20) rE 22. IT•... r tiv ISS 6 2S II 14.42 SD NO 281 70 47.46 137.42 zs zs z a .el 235 z so 155 h SD NO 284 Ne9 0]']2 E so•Sa'2a f R P 6 29.7( 33) ( 31) r? t `s / rs;. 23 0 (30) / b /63 '6 e 7 2 661) 3 ° j ~ ( 32) (13) 31) (32; (46) 211.65 Q EONW9 2608.58 RES STORM SCHOOL WATER`_ INCREN Ic CgNDQzUlow I,g - - q3 - O03 Plymouth Tax Assessor 3400 Plymouth Blvd. Plymouth, MN 55447 Dear Sir, Lij-) I %1, April 24, 1990 9--3 I received my 1990 residential market value on April 14th, and called your office on April 16th, within the prescribed 5 -day time limit, to lodge a complaint on the value assigned to it. I spoke to Sue Mauderer and discussed my reasons. She said she would reappraise it. On April 18th, she called me back and said she wouldn't change the valuation. When I told her that I would be on a business trip on May 8th which has been 4 months in the making and couldn't be changed, she said I could mail in my protest, which I'm now doing. My home is at 3610 Underwood Lane, and has been "assigned" a market value of $245,100 by your office. 'There's no way this house would sell for that much. You see, I bought the house on October 2, 1989, for only $215,000. Attached as Exhibit 1 is the MLS listing for sold properties showing this fact. My home as shown on this sheet has 3,000 sq. ft., 4 bedrooms, 22 baths. this sheet also shows that the property was listed for $224,900 since August 13, 1989, and would not sell at $224,900 (see Exhibit 2).This would certainly imply a market price below $224,900. Prior to August 13, as shown in Exhibits 3 & 4, the house had been listed at $234,900 since March 30, 1989. This is 10,200 less than your "market valuation", a level which wouldn't attract a sale for 137 days, so the sellers had to reduce it to the $224,900 figure shown above, where it sat for 24 days before the sellers agreed to sell for 215,000. Here is recent live market data on my house; I can't see how this is a worse determinant of market value than dated selling prices of other homes. Nevertheless, I had my realtor pull together some recent, not dated, sales in my neighborhood.. YAC'; Attached as Exhibit 5 is the sale of a home at 3640 Vinewood Lane, on December 3, 1989, for $217,000. This home is only a few houses down the street from my house, and at 3640 sq. ft., is 21% larger than mine, yet sold within 1/ of the price I paid for mine. It was built within a year of mine, it has 5 bedrooms compared to my 4. If anything, this sale implies that even $215,OOOG may currently be high for mine. t\ 2 65\" Attached as Exhibit 6 is the sale of a home at 3605 Rosewood Lane, on August i 13, 1989, for $218,000. This home is in our neighborhood, has 3200 sq. ft., which is 7% larger than mine, and sold only 1% above my $215,000 price. X` z}J Also shown in Exhibit 6 is a sale on July 24, 1989 of a home at 13340 32nd Ave. N, for $220,000. This home is one year newer than mine, is 5% larger than mine at 3,139 sq. ft.. Possibly it is higher priced than mine by 20% because it sold 2 months earlier. Sir, I think I have effectively demonstrated that at $215,000 in October, 1989, I paid fair market value, which is what your market assessment is legally supposed to represent, or so I thought. Sue Mauderer indicated to me three comparables to support your assessment of $245,100. It is curious to me that these recent sales of larger homes than mine were not selected as comps, but the ones selected were sold in October 1988, and two in April 1989, all three terribly outdated considering that much more recent sales are available. As is the case across the country, home prices in Plymouth are dropping. This may not be to your advantage in raising revenue, but it is realism. I should not be unfairly burdened by your revenue - raising problems. Thank you for your consideration. Sincerely, Robert J. Blanke at•A1 W&SIT&at. . D.. PID #: LEGAL DESCRIPTION: ISSUE: 1990 LEITER #4 u • •. t tat t •. Real Estate Tax Services, Inc. Various 27-118-22-21-0001 36-118-22-42-0018 27-118-22-31-0006 27-118-22-24-0004 1990 ESTIMATED MARKET VALUE Various 1990 REVISED MARM VAL(M No Change Recommended On May 1, 1990 a letter was received from Real Estate Tax Services, Inc. in the form of a blanket appeal against four large industrial buildings in Plymouth. RECOMMENDATION: There is a large growing concern about the number of property tax representative companies appealing and petitioning large commercial and industrial properties. They operate by mass mailing and telephone contact and inform the owners of the property they can save them property taxes. In most instances they receive between 50 to 75% of the tax savings if an adjustment to the value is made. This property tax service is located in Rolling Meadows, Illinois and has never been to Plymouth or viewed the above described properties. Their letter states at this point they are not sure if any or all of these properties will be appealed to the Hennepin County Board of Equalization but they would like to go on record to preserve their right of appeal should this step be necessary. Their letter states that they are still in the process of gathering pertinent financial information concerning these properties. Based on this lack of information I am recommending that none of the above properties be adjusted for the 1990 assessment. Respectfully submitted, Scott L. Hovet Plymouth Assessor PROPERTY OWNERS NAME: PID #: LEGAL DESCRIPTION: ISSUE: 1990 ISR #5 Duffy Development Company 10850 Old County Road 15 (Duffy Office Building) 36-118-22-23-0046 Long Legal 1990 ESTIMATED MARKET VALUE $ 510,400 1990 REVISED MARKET VALUE $ 486,000 On May 1, 1990 I met with President John Duffy of Duffy Development who is the owner of a small office building located in Plymouth. Mr. Duffy also furnished me a letter strongly contesting his 1990 market value. During our meeting he furnished me with new income information with regard to his rental office building. RECQMNENIDATION: After additional incaTe information has been furnished to me by the property owner and capitalizing it into a indicator of value I am recommending that the 1990 estimated market value be reduced to $486,000. Mr. Duffy agrees with this adjustment to his value. Building Style: Office Building Year Built: 1986 Square Feet: 8,006 Sale Price: Owner Built I• . • . Dito • lal• I PID #: LEGAL DESCRIPTION: ISSUE: 1990 LETTER #6 Dqx w Is -.1 a • i ipq z it •. Parkers Lake Inc. 2300 Niagara Lane 28-118-22-12-0007 Part of Lot 9, Circle Star Business Center 1990 ESTIMATED MARKET VALUE $ 2,523,000 1990 REVISED MARKET VALUE $ 2,300,000 A letter was received from Mr. Robert Tivnan of AvTax Inc., an ad valorem tax consultant in Forest Lake, Illinois regarding the 1990 valuation of Parkers Lake Business Center. RECOMMENDATION: On May 9, 1990 I met with Mr. Tivnan who furnished me with income information and market data regarding the value of this property. In light of the information he has furnished me I believe it fair and equitable to reduce the value of this property to 2,300,000 for the 1990 assessment. Therefore, a reduction in the market value of this property is recommended. Building Style: Office Showroom Year Built: 1987 Square Feet: 38,000 Sale Price: 2,445,000 Sale Date: 03-10-88 Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor 1990 LEITER #7 yyc .'Y• ; a1S! ; ; MI418i It M • \ PROPERTY OVERS NAME: Douglas Peterson PROPERTY ADDRESS: 4995 Rosewood Lane North PID #: 10-118-22-14-0009 LEGAL DESCRIPTION: Lot 6, Block 1, THE MADOVIS OF BASS LAKE 1990 ESTIMATED MARKET VALUE $202,200 1990 REVISED MARKET VALUE No Change ISSUE: Mr. Peterson believes the 1990 estimated market value should reflect 85% of his purchase price. He feels the development of Northwest Boulevard behind his hcm will impact his value. Attached is a copy of Mr. Peterson's certificate of real estate stating the selling price was $199,500. The sale resulting from property that set unoccupied for approximately 10 months and was sold under duress. The contractor has 7 new homes in the same subdivision to sell and this one had remained unsold for an extended period of time. The development of Northwest Boulevard has been planned since the conception of the development of The Meadows of Bass Lake. Mr. Peterson was aware of the proposed road prior to his purchase of the property. Since there is no way of measuring the impact of the road it is premature to predict future value losses. Comparables abound in the subdivision The Meadows of Bass Lake (see attached) Dwelling Style: 2 -Story Year Built: 1989 Square Feet: 1,706 Sale Price: $199,500 Sale Date: 01/07/90 Respectfully submitted, Jan Olsson, CMA Appraiser r Form PE -20 9) Certificate of Real Estate Value Buyer's Last Name, First, Middle Initial Present Address 4 154 18 SUNDQUIST, Kristen J. SFEjFEFSMe,DMyjgSInMll 4995, Pbsevood Ln., Perth, W. 55441 tuayM Number VATIFT WEN HOMES, DC _3_141S Aralley Dr. 55374 8400StreetAddressorRuralRouteofPropertyPurchaseditibMty L s rt sed (Fill in lot number'blgck number and plat najRcjyjjMj0jpopies of the legal description) in Lot 6, Block 1, The Meadows of Bass Lake Type of Acquisition (check all boxes which apply) You and seller are relatives Buyer is a religious or Your name added to or co -owner's or related businesses charitable organization name removed from deed (not a sale) Property is a gift or inheritance Buyer is a unit of government You purchased partial interest only You received property in a trade You condemned or foreclosed Date purchased agreement signed is on the property over two years ago (Fill in year If you checked any box above, skip the rest of this form, sign it and fill out schedule B Type of Property Transferred (check all boxes which apply) Land Only Land and Buildings Construction of a new building completed M after January 1 of year of sale Planned Use of Property (check one box) Residential (single, duplex, triplex) Apartment (Number of units Cabin or Recreational Agricultural Commercial -Industrial Other Use (describe below) Type of business Financial Arrangements (instructions are on back of yellow copy) 1 Total Purchase Price 2 Total Amount of Personal Property 3 Date Seller Signed Purchase Agreement from schedule A on back of this sheet) 4 D19 ly50P.00men 5 Points of ?eltl r r st Paid by Seller 6 Ur 1990repaid Interest Paid by Buyer 25,000.0$ g + 34.30ascribeeachmortgageandcontractfordeedusedtopurchasetFr1 7A,erry Is this a Contract or Assumed Mortgage or Contract for Deed Monthly Payment for Interest Rate Total Number Date of Any Lump Sum Mortgage? Amount at Purchase Principal and Interest (In Effect Now) of Payments (Balloon) Payments Yes No f4 E X)OC 174, 500.00 1,531.37 10 360 6 3 !0 9 F] F1 ;ZD 10 If a mortgage or contract for deed is not a variable market rate but the terms of payment are scheduled to change on a fixed date, fill in its line number from above, the hantl year of the change, and what it will change to (or attach 3 copies of payment schedule): Fill out schedule B on the back of this sheet to determine the amount of your deed tax I declare that the information filled in on this form is true, correct and Print or type name of person signing this form Sigrlatgre Co Acre T,!abe XNC Adl' , Adis I MV Cc I CT I PT I Date I T Revenue Use 061r U 2 1 My D:s Plat COUNTY COPY to the best of my knowledge and belief. Phone Number Date Tot 537-6422] Plat—Parce3/2/90 s- Actj ID Parcel. IM 13 Canparable #1 PID #10-118-22-14-0024 Address: 4975 Quinwood Lane North Dwelling Style: 2 Story Year Built: 1989 Square Feet: 1,602 Sale Price: 225,800 Sale Date: 11/89 Comparable #2 PID #10-118-22-14-0012 Address: 12810 50th Avenue North Dwelling Style: 2 -Story Year Built: 1989 Square Feet: 1,801 Sale Price: 258,000 Sale Date: 09/88 Cagmrable #3 PID #10-118-22-14-0006 Address: 4965 Rosewood Lane North Dwelling Style: 2 -Story Year Built: 1989 Square Feet: 1,541 Sale Price: 205,000 Sale Date: 09-89 Comparable #4 PID #10-118-22-14-0004 Address: 4945 Rosewood Lane North Dwelling Style: 2 -Story Year Built: 1989 Square Feet: 1,698 Sale Price: 213,965 Sale Date: 02-89 991 BOARD OF NAIUM COMPARISONS t 4 i• •;'d I• ' ••: I ill It • •: PROPERTY OWNERS NAME: Gerald W. Grabowski PROPERTY ADDRESS: 5660 Pineview Lane North PID #: 02-118-22-32-0018 LEGAL DESCRIPTION: Lot 2, Block 1, GW30WSKI 1990 ESTIMATED MARKET VAIXIE $493,500 1990 REVISED MARKET VALUE $469,000 ISSUE: 1990 LEITER #8 Mr. Grabowski contends his 1990 Estimated Market Value is essessive to surrounding properties. He believes his value should be equal to his construction costs. His sales comparables include many properties located in Minnetonka as well as homes with different dwelling styles then his own. RECOMMENDATION: The market cost approach to similar properties was used in the evaluation of Mr. Grabowski's property; not a cost approach per square foot. The site was purchased for $195,000 subsequently divided and the adjoining lot sold for 130,000. The tax value comparisons submitted are 1-2 years old..attached are current values. Lakeshore property is indeed high and currently Bass Lake has been undergoing considerable development. Due to new construction the lots do need to be revaluated to reflect improvements made along the shoreline. Dwelling Style: 2 -Story Year Built:1989 Square Feet:2,506 Lot Sale Price:$195,000/Divided and sold for $130,000 Lot Sale Date:10-88 Respectfully a rt a6-.- submitted, 5eJ Jan Olsson, CNA Appraiser 1990 Board of Review Page 2 1) 12005 Co. Rd. No. 10 2) 11915 Co. Rd. No. 10 3) 5580 Pineview Lane North 4) 5590 Pineview Lane North Grabowski Submitted EMV on Land 116,500 82, e$8 51,506 51,500 1990 Land Values 150,000 103,700 65,100 65,100 The attached map of Bass Lake shows recent sales and sale prices. Comparables following concur with the caliber home and identical dwelling style as the subject. ci9 (Y) 1 i iifi' r EY .A(7u ' ,° ;,' I - 46 a ( m 1771 KIRKWO 's • ® a •, - d•('lY_ tZf) .. •r f7i, s v • ww! s rn: a - °:y ' (n N • ' 27) _ > (a0) • „ ( ) (a5) l7z) (Sq' (D, _ 1 Em::' .(IQ , ,r. )( sr. e ` f r r - n „ ,}.}.. a -'t-i .'S # '•'+' . ( a{) s »- _. a.. •*a o•`' 25) ' ..•._ , 58TN•; asAVE " . r 4. • "' at• 1 O / (,{//// s.' ;.:), a' tar' ! w'$•: (a) .p.•' .n."x • O % _ ' • i VK/ ' (27 ' `:r.w•. f>• a a (a„9) t `• •. f•r, ••• BASS( tMXRIK HID70) LAY\lG _.`'.• (29):' ! 71 7 .. W. A S Is ALih',co( z9) goo I r , '. L KEBASS . - US) fl w,:, r a,, rmaaw•,rna awe I as r,•a • a.rs r. t r r• • .• Jf O w •a.na ttr, .: y 17) l; a a i a.te 9 am I 3154W .588 fl f t 331 app (o g8 I R a2ND ,, ,'•i22 AT fj to q LAKE IS) • t li_ Irr 4TR ADDO r 1 I a I,rant :. ' iv' (L•j 127 04) lnl uo d® p " c 3 i,'7 S X1$'7 I •scxa . Ip) r p I t16 9i8'J e 4•(29) I Iy J 1i' I 1 / 1 r ,, ,.r fm • , y ilfrV _ I'•' -7,/,+ I (v ! (/ ( * w°.,.• S n. rr. w' v UI fS • _ f;t ••• ; f t 4%,' An• } • (2) . •, e (Sl i ',Y I AV ! f) -( 7) + 9l { (lo) s 4 (e• .[ ( ,1> •.., `:'' • r,o +, o r.. ' I a . ( Tµ ., Y. f{) fn a.n ( e, n rr_ --„ ii (i)'t[1r" 7._ r • afa' tarn tao: a . 54TH I- (A, ; ,,Pat'prf stay ,' e 3•)y (15) a .i f i R` (as) Q 'Y•4 •: •• tory i , r, ern a. .. • . s' , tar -- is .w+r (ae, y""W -eR4_ f.'p-: ,A (,) . • tl1t{ as rr (20) e•. A 'an L - r - SM s. yln> ,, r - 2 !, a t`,,r • (s) • , t (] I) r a '' f r S' ( 1 .. ( Z qu .. _, -, , s . - pJ (171 • (ll f.r I r • • O0`''. r ,,! • a ifs f 'i Sr,.. > , (3) :aa { •=yr r r ns ,ur , , t , •• e + ay (I.)r_'. • •" s v.,e,rta <zs)na • ln) no - - ,. (:r .(i77 un'/ - " r as ' t r '7 ',r CRR, .,e - k. s. ' ei (4)`',a7 ) - (3) 2a i : ~tom ~ a 'i. i='; , r». - • jn' gar• a• yrs i3 s, w... r° • / (: S ws: r a7) FJ' c $ g , wnr• + 't cel S?s° tm) l{I .- ( I: r , e"1'a._ _ 1l-, (n)d ( IfI rII ,•.. ` ( 11I f9) ' y .* AT BASS A = t A TII(a2)ADOw s ( (InLAKE 2e) a •. n j /r(Zn ~ S r _ fr.) Jr • `• fes) f76 un al.r p2 I Ni r or. ,.. • s rr • • raw cin Z ' (f, h9) _ • ' S: (zz) na-7 • • • t a7) (af) (a5 (ro) 1 ...• 7 _ . Lnlartyr._ + , 3 'w ..' • ,ii> (Sr) a . , f].) (a Carparable #1 PID #02-118-22-32-0016 Address: 5590 Pineview Lane North Dwelling Style: 2 -Story Year Built: 1988 Square Feet: 1,538 Sale Price: 375,000 Sale Date: 5-88 Builder: Fitch Lakeshore 1990 BOARD OF REVIEW MARKET COMPARISONS Carrparable #2 PID #02-118-22-32-0017 Address: 5590 Pineview Lane North Dwelling Style: 2 -Story Year Built: 1988 Square Feet: 1,546 Sale Price: 331,200 Sale Date: 6-88 Builder: Fitch Lakeshore 1990 BOARD OF REVIEW r •: Cmparable #3 PID #02-118-22-33-0010 Address: 12420 54th Avenue North Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,613 Sale Price: $325,000 Sale Date: 12-84 Lakeshore Currently asking $469,000 Camparable #4 PID #02-118-22-33-0012 Address: 5570 Pineview Lane North Dwelling Style: 2 -Story Year Built: 1988 Square Feet: 1,744 Sale Price: 343,000 Sale Date: 4-88 Lakeshore 1990 BOARD OF REVIEW Carparable #5 PID #32-118-22-43-0001 Address: 240 Black Oaks Lane North Dwelling Style: 2 -Story Year Built: 1977 Square Feet: 1,618 Sale Price: 308,000 Sale Date: 04-89 Cceparable #6 PID #32-118-22-43-0009 Address: 120 Black Oake Lane North Dwelling Style: 2 -Story Year Built: 1977 Square Feet: 1,544 Sale Price: 452,000 Sale Date: 4-89 rr;,54• '' • Ccmparable #7 PID #02-118-22-11-0006 Address: 6210 Deerwood Dane North Dwelling Style: 2 -Story Year Built: 1989 Square Feet: 1,829 Sale Price: 436,227 Sale Date: 11-88 Lakeshore 1990 BOARD OF REVIEW gar k;i PROPERTY OWNERS NAME: PID #: LEGAL DESCRIPTION: ISSUE: 1990 LETTER #9 Midwest Fireplace Company ( Greenland Investment) 5205 County Road No. 18 12-118-22-11-0006 Lot 1 Block 1 Midwest Brick 1990 ESTIMATED MARKET VALUE $ 2,894,500 1990 REVISED MARKET VALUE $ 2,635,000 A letter was received from Jerome Schumacher, manager of Midwest Fireplace on April 30, 1990 in regard to their industrial building. I asked him to furnish me income information on their leased building. RECOMMENDATICN: On May 17, 1990 Mr. Schumacher furnished me with the latest income and expense information for this industrial building. Based on my review appraisal of the property and on the information that was furnished, I am recommending that the 1990 estimated market value be adjusted downward to $2,635,000. Mr. Schumacher as spokesman for the Midwest Companies is in agreement with this reduction. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor 1990 LETTERS #10 & #11 PROPERTY OWNERS NAME: Prudential Insurance Company PROPER'T'Y ADDRESS: 13001 County Road No 10 2400 Xenium Lane North PID #: 03-118-22-11-0006 27-118-22-12-0008 LEGAL DESCRIPTION: Available on request 1990 ESTIMATED MARKET VALUES: 1990 REVISED MARKET VALUE: ISSUE: 25,835,000 4,316,800 No change recommended My office was contacted by Property Evaluation Services in Troy, Ohio. They want to go on record through their property tax representative of a possible appeal to the County Board of Equalization. IZIOkk.uiuia+i• Per my conversation on May 16, 1990 with Jim Holter, of Property Valuation Services, I am recommending no change in market values of these properties at this time. Mr. Holter is in agreement with this and we will be meeting at a future date to discuss the possible problem with the market values of these properties. No change is recommended. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor 1990 LEi•IER #12 1990 BOARD OF REVIEW STAFF REPORT AND RECOMMEAIDATION PROPERTY OWNERS NAME: Dan Sieverding PROPERTY ADDRESS: 4061 Quantico Lane PID #: 16-118-22-32-0008 LEGAL DESCRIPTION: Lot 20, Block 1, Plymouth Creek 1990 ESTIMATED MARKET VALUE: $139,500 1990 REVISED MARKT VALUE: No change recommended ISSUE: Letter comparing sale prices from 1986-1988 in relationship to their 1990 market value. Market averaging for 3 years. Location and lack of consistency by market averaging. Also comparing neighbor's home with respect to subject Property. A reappraisal was completed 5-14-90. Mr. Sieverding is a mortgage banker and purchased his 5 level townhcme called the Ponderosa 4-4-86, for $145,000. He had a choice of several Ponderosa units at that time according to him. Plymouth Creek Townhcmes, currently consists of 106 units and 6 vacant lots. There are 8 different styled units with a price range from $100,000 to 200,000. In 1989 a large apartment project (Vicksburg Apartments) commenced construction adjacent to Plymouth Creek. This adversley affected some sales along with several foreclosure sales. We determined this movement would affect most properties in Plymouth Creek. Therefore, we lowered most values from 5% to 7% on the average in the entire complex. The foreclosures were not a result of any problems in the Plymouth Creek area, but rather a result of the builder, the Tipton Company, expanding too fast after they had nearly completed Plymouth Creek Townhouse project. The letter also refers to the unit attached to his. This unit is a 5 level Ponderosa, but not equal according to court rulings, which set the value at 130,000 for 1988 and 1989. Evidence submitted by Mr. Hallisey, the owner, contributed to the judge's decision that the two units had a $15,000 difference due to more amenities in the Sievending unit. A 1990 Board of Review Page 2 Mr. Sieverding quotes sale ratios for a three year period which distorts the objective of the study. Every effort was used to equalize like units in this complex. His market data illustrates sales prices from $100,000 to $172,200 for the same size units. This illustrates geographically they are not totally equal. The 1990 market values on 5 level Ponderosa units indicates a value range from $127,000 to $139,500 or a difference of $12,500. This indicates we are valuing like units equally with scare allocations to amenities which affect the market value. In my opinion the estimated market value on this property is fair and euuitable and no chanue is recommended at this time. Dwelling Style: Year Built: Square Feet: Sale Price: Ponderosa, 5 Level 1982 1438 145,000 Respectfully submitted, Mike Carroll, CMA Appraiser PIN Subject 16-118-22-32-0008 Ccnp. #1 16-118-22-24-0009 Comp. #2 16-118-22-32-0010 Comp. #3 16-118-22-32-0013 Camp. #4 16-118-22-23-0023 1990 BOARD OF REVIEW MARKET COMPARISONS 1990 Market Address Model 4061 Quantico Lane N Ponderosa 5 Level 4033 Quantico Lane N Ponderosa 5 Level 4069 Quantico Lane N Ponderosa 5 Level 4081 Quantico Lane N 4115 Shenandoah La N Ponderosa 5 Level Sale Value Date Price 139,500 12-82 136,500 4-86 145,000 137,900 5-83 151,200 138,700 136,200 Ponderosa* 127,100 4 Level 06-82 147,100 10-85 163,900 05-82 113,000 12-85 144,000 03-89 136,000 1990 LETTER #13 I:. • a+• • • n • a •,iia+ i •, PROPERTY OWNERS NAME: Merrill Paulson (Brandon Development Ccmpany) PROPERTY ADDRESS: Vacant Land PID #: 08-118-22-22-0011 LEGAL DESCRIPTION: Vacant Land in Section 8 1990 ESTIILTED MARKET VALUE $ 65,900 (Vacant Land) 1990 REVISED MARKET VALUE $ 69,900 (Agricultural Land) ISSUE: I was contacted on May 8, 1990 (the day of the Board of Review) by Mr. Merrill Paulson with regard to the classification of his farm land in northwest rural Plymouth. Mike Carroll inspects all agriculture land every year to insure that there is agricultural use and the land be classified as such. Mr. Paulson claims that in 1989 this parcel was used as agricultural. a •.iia+ i •: Per my request, I have asked Mr. Paulson to furnish me with an affidavit that his land was farmed by Gary Leuer. Once this application has been verified by Mr. Leuer and the property was in fact farmed, we will change the classification to agricultural. No change in the classification is recommended at this time. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor 1990 LEITER #14 Kevin & Jennifer Kelly 14610 43rd Avenue North 16-118-22-11-0101 Lot 14, Block 8, KINGSVIEW HEIGM 2ND 1990 ESTIMATED MARI0T VALUE: $222,300 1990 REVISED MARKET VALUE: No change reccmmended ISSUE: 1990 market value (see letter) Reappraised -05-04-90 Indicate no change. New 3 season porch - Built in 1990 - Not in current market value - to be added for 1991. RECCHMENIDATION: No change is recc:mended. Dwelling Style: 2 -Story Year Built: 1988 Square Feet: 1,765 Sale Price: 231,624 Sale Date: 05-22-88 Respectfully submitted, Michael Carroll, CMA- Appraiser MAAppraiser 1990 BOARD OF REVIEW MAR]MAR]M CCHPARISCNS Omparable #1 PID #16-118-22-13-0013 Address: 14900 43rd Avenue North Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,260 - 2 Car Car. Sale Price: $205,750 & $225,000 Sale Date: 06-86 & 02-89 1989 Market: $219,800 Ccuparable #2 PID #16-118-22-13-0011 Address: 14840 43rd Avenue North Dwelling Style: 2 -Story Year Built: 1985 Square Feet: 1,274 - 2 Car Gar. Sale Price: 220,000 & $225,000 Sale Date: 05-86 & 05-89 Builder: TJB 1989 Market: 220,700 1 61: i' 0-o- Cmparable #3 PID #16-118-22-13-0032 Address: 14835 43rd Avenue North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,720 - 3 Car Gar. Sale Price: 205,000 & $225,000 Sale Date: 12-87 & 07-89 Builder: Eiden 1989 Market: 215,400 Carparable #4 PID #16-118-22-13-0073 Address: 4105 Minnesota Lane North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,251 - 2 Car Gar. Sale Price: 170,000 & $187,500 Sale Date: 08-04-87 & 06-08-89 Builder: Eiden 1989 Market: 178,100 I z Ck, p)_.. Y( se) o..... .1 _ •a `. _ rzs)y • .. p 01 24)( 34 N9) of 2 7(36 746.1.:..' 00.34 .. (4 8) 63) }. O f o " , rr' 310 6 (5) . a .6. .SSL " (56) I ( 47) at a 50 140- aunor e s 0 (15) ?o t3' y 7 0 0 - 4.a n 37) 7 21 8(44) ' ' 71 " T ( (57) 26) z U3) ( 14) : s 5,.: ye. yf3! x (64) )i43Rp P s u ° •'9Yraer ° oa° C :N : (46) : q 25) (4) _ (37) , !• d N.! p ( 65) ,,.. .30.11, i (45). ti s 4 '(80)8 .' s0 5 1f fip 34)'1 +` .0 A13) - (7) ® o- o 1'(83e a 24) (41) d' - 14 u ( 661® y (81) N4) 4'd7 01011,0732) '. i y 10 n (79) (94) 23) (40) 6 a (35) K 7 t 7 (8) J= (67)1.0 _ > _y.M E 40 fs 1 (7) (4) - a.f:.: 7' 7¢p'o 7 co (38) (36) e' ,y.. .. t y O ( 2) 1 f43. 1 '42e z'a..ta ........ 10.113 . 4 e. w foo 2 N. 04• . II _ 8) ( 9) (1 8 f " 1S(76)78(75 ( 722 ): x' n'x ( 1 R^ s b -Q a 1 ,.. 143RD A 7 iS PL y / - d a . SOLDAl?,-" yy 42 n , g(69 rM, .a. at ,! 6 2 s r4 s (4 aGJJ K6L 7/GtA!9) t (2) _ ( 10) I I (28) - ,Ort 4= .- f . i A u ° 97 IT1.. $4.2 Imo n 11 8 7 477 AVEN 13 (101)' , ` d a ( 95) 96) - ( 100) 104 Is 17 I r•7r n• 14r 'arE , Q 1 D 4l 4 1V e(2) fi`(57) 4y lb a4,J.'Q 14 1 - - (11) (10) 3 C(5J leb Sts , f i (6) (15) ( 14) (13) ^ (11) z X74 y (43) 0 4 17) 1 71 N uro ' `( 44)s. 401 , if- - 1a S Xrf c 1:18) 4i i « / '.! s = (3) - ` sr•7r f7t_( 51) $ (48) (IS) ,OYa•Sr 49)37.06.. ( 50 10 -.Sb) i .. f 92 Wi A fL, ire.. FAs, - 7 (51) 1 r23 fa. u , . y •31.A 7 3 46 'r ' 2 ' 10- 38) (34). . n. c4 4(j4) Be 3 (9) '(47) (46) 12) _ 4 {20)20) {20) - 7 47tfT6 "$ 14,' (39) 35),0 '4b 1e99 '00 b `A 4111!1 AVE N (46) ('S7)t°.:' s 26. e 4 D_ 7 10 ( 27) (26) f.tas' iN . 6si26.5 i R ; ( 78) . y. .. ( IS) •'4(54) 6 .(41) f (ze) ^(7) Y (10) (19) o , R D 2" (55) A 14 i` " (30) 29) _ o ' 177) u - ( 43) I31,•C r04 IN 171 N rA furor 4 65) -4 q `S '„6.40 ', t — BQOCA'PtOrYL i tII00leY (20) 79) )e , i i - , _ _ - (17) O 59) 0 6 s anonf x(70) $ l64)rt9' ••6.Ie .'Q ; (58) 74(n)t.$ v+ - 110 ( 30) (29) 1 1 d+ 691 x • y 6'•, 460) 1 f o s ' e fi 4 3 (11) - < 116) ~ 63). (61) - (57) 3-(31) a. °'6pd 3 (28) J 4 (68) (62) J , ` 3 f p 7M Ir 74) - =.3t :41ST 71 , (72) -• (67) Y 4,14 (56) = ie.2' 70 4 1 ( 22)-2 < ( 15) _ A147 Y .. fa ! f D ' 2 ) ( 26) 7 (27) qi CD 24) - (25 R 1 _ r & .N ' 1'-i•.1!' t. f _ n seg ss• Z'3)' 9 a. 7669 .._3' ,• f' :.12 . 4i.] 7•Ab. 1' y[ Z_ _ J ( ) si OD '! 'ti _ 76.71: '` I w Il •. oJ'0... F ,i. 3 r I i.f' ' 161 NO 84 S. (7) ;l y_ 4” ` t_.- 770.6 i SD NO 281n.. a ----- - R - - - - - w- 231. 7.4 • isry 17 4 71 1 IrN 23 (tff • IUf t! , 3) a (is 3 16 - 1, -e = - - 3 (N Y 1161 Sp S(nR rm: 12 n711ro' an 1:n ra11m 1911 2639.13 RES 8'' r s D STORM SEWER DISTRICT BOUNDARY A c it E G E — • — • — • — • — SCHOOL DISTRICT BOUNDARY E 1'4 L L GL Gt%U WATERSHED DISTRICT BOUNDARY Ye IN " INCREMENT BOUNDARY Scott Hovet City Assessor, City of Plymouth 3400 Plymouth Blvd. Plymouth, MN 55447 May 8, 1990 Dear Mr. Hovet, This letter is in regards to my 1990 property tax assessment. I am requesting a full review for the following reasons: 1. Property tax is based on the market value of a house. My 1990 assessed value is $222,300.00. This is not a fair market value. If I were to put my home on the market now (or at any time since the beginning of this year, I would not be able to sell it for even $200,000.00. Why is the City of Plymouth assessing it at 222,300.00? I have had two informal market appraisals done and the highest figure was $195,000.00. If this request for relief on my assessed value is denied, I will get a formal appraisal (done by a paid fee appraiser) which will show the true market value to be between $190,000 and $200,000. 2. Listed below are several comparable houses in my neighborhood. Shown are: sales price, finished gquare footage, # bathrooms, # bedrooms. All are very comparable with my house yet all sold for well below the appraised value .you have assigned my home. Address Sold For Date FSF Ba.th Bedrooms 4130 Minnesota 1177,000 3, 3190 2.570 3 4 14715 43rd Ave i63,000 2/12/90 2616 3 4 4105 Minnesota 187,500 6/8/89 2916 3 4 4335 Ithaca 165,000 3/22/90 2730 3 4 4370 Harbor Ln. 179,000 10/9/89 2446 3 4 4375 Harbor Ln-. 185,000 3/7/90 2420 3 4 14415 45th Ave 197,450 11/8/89 2708 3 4 3. The "comps" your field appraisers used on my home were from houses built by the same builder (mine: Gerry Wsnkus). When you have a home built by Wenkus, you do indeed get a well built home, but you pay above market value to get it. I knew that when I built this hmme. Again, I thought the property taxes wet -e based on market value, not construction costs. Regardless of the fact I paid more for my house than most people would have, the market value is not $222,300.00! Please let me know as to your decision. Regards, Kevin & Jennifer Kelly 14610 43rd Ave. North Plymouth, MN 55446 Property ID #: 16-118-22 11 0101 Phone # 559-1792 PID #: LEGAL DESCRIPTION: ISSUE: 1990 LETTER #15 1990 BOARD OF REVIEW STAFF REPORT AMID RECOYDENDATION Bruce Franz 12405 50th Avenue North 11-118-22-23-0038 Lot 14, Block 3, CREEKWOOD HILLS 2ND 1990 ESTIMATED MARKET VALUE $181,100 1990 REVISED MARKET VALUE $167,700 Mr. Franz currently has his house listed for $179,900. The bids on his home have been $159,000 and $164,000 ccn pared to our 1990 estimated market value of 181,000. Mr. Franz contends the proximity to Schmidt Lake Road also hinders the selling of his home. Mr. Franz has appealed to this office about his value since he built his home. His home was built by himself and his father and is the biggest home in the subdivision. The proximity of Schmidt Lake Road does not seem to impose a threat to his value as much as the fact that he is grossly over -built for his neighborhood. It is this person's opinion that $167,700 is a more realistic value to be placed on this home. Mr. Franz agrees with this conclusion. Dwelling Style: Multi -split level Year Built: 1986 Square Feet: 2395 Sale.Price: Buildeer: Self -built Respectfully submitted, Jan Olsson, CMA Appraiser 1990 LETTER #16 PROPERTY OWNERS NAME: John H. Harland Company ( Harland Check) PROPERTY ADDRESS: 2600 Campus Drive PID #: 22-118-22-43-0013 LEGAL DESCRIPTION: Lot 1 Block 1 Northwest Business Campus Eighth 1990 ESTIMATED MARKET VALUE $ 2,420,000 1990 REVISED MARKET VALUE No Change Recommended ISSUE: A letter was received in my office from Easley, McCaleb, and Stallings, Limited contesting the valuation of the Harland Check Building in the Northwest Business Campus. They have furnished me with an analysis of their indication of what the estimated market value should be. This is also a newly formed tax representative company. Their presentation and analysis to me does not hold much validity. They have not furnished any market data that would indicate that the value should be adjusted. Based upon the limited amount of information they had furnished my office, in my review appraisal of this industrial building, I am recommending no change in value at this time. Respectfully submitted, Scott L. Hovet, CAE Plymouth Assessor