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HomeMy WebLinkAboutCity Council Packet 05-24-1988 BOE5av-ff 6ce"- A&EI CITY OF PLYMOUTH 3400 PLYMOUTH BOULEVARD, PLYMDUPH, MINNESOTA 55447 DATE: May 24, 1988 TO: Plymouth City Board of Review FROM: Scott L. Hovet, CAE, City Assessor and Staff SUBJECT: 1988 BOARD OF REVIEW PLAINTIFFS The following is a list of the property owners in Plymouth who appeared at the May 10, 1988 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 recommendation prior to the reconvened meeting on May 24, 1988. PRIMARY PID# 11-23-0038 23-43-0064 14-42-0085 16-11-0016 16-13-0073 24-14-0006 19-12-0003 31-21-0009 21-13-0016 29-33-0043 08-44-0010 16-13-0068 29-41-0121 CLASS OR VALUE RECUOENDATION No change No change Reduction Reduction Reduction Reduction Changed Reduction No change No change Reduction Reduction No change ADDRESS 1. Bruce Franz 12405 50th Ave. 2. Harris Goldstein 2710 Hemlock Lane 3. Peggy Eifert 4085 Goldenrod Lane 4. Mary Lee 14510 44th Ave. 5. Martina Eschenburg 4105 Minnesota Lane 6. Kathleen Pederson 9885 31st Ave. 7. Patricia White 3445 Hwy #101 8. Sharon Lee 1105 Vagabond Lane 9. Linda Benson 315 Zinnia Lane 10. Deanna LeVault 17205 Co. Rd. #6 11. Bob Lancaster 15915 46th Ave. 12. Jim DiOrio 4090 Minnesota Lane 13. Robert Pratt 1806 Yuma Lane PRIMARY PID# 11-23-0038 23-43-0064 14-42-0085 16-11-0016 16-13-0073 24-14-0006 19-12-0003 31-21-0009 21-13-0016 29-33-0043 08-44-0010 16-13-0068 29-41-0121 CLASS OR VALUE RECUOENDATION No change No change Reduction Reduction Reduction Reduction Changed Reduction No change No change Reduction Reduction No change 1988 Board of Review Plaintiff - continued CLASS OR VALUE NAMEADDS PRIMARY PID# RECOMMENDATION 14A Leroy Reinke 14411 Co. Rd. No 6 28-44-0005 Reduction 14B Bobby R. Etheridge 14515 Co. Rd. No. 6 28-44-0007 Reduction 14C Dan Hagg 14417 Co. Rd. No. 6 28-44-0006 Reduction 15. Al Goblirsch 5505 Vicksburg Lane 05-44-0003 No change 16. Amy Skaar 1105 Evergreen Lane 35-12-0035 Reduction 17. Al Henningsgaard 9625 36th Ave. 24-11-0007 Reduction 18. Tony Kroenke 18525 6th Ave. 31-31-0032 No change 19. Patrick Hallisey 4065 Quantico Lane 16-32-0009 Reduction 20. Larry Derks 11705 Bass Lk Rd. 02-13-0024 No change 21. Gary Bigot 220 Forestview Lane 35-43-0034 Reduction 22. Peter Tysdal 3005 E. Med. Lk. Blvd. 24-32-0009 No change 23. Richard Meyer 14515 45th Place 09-44-0012 Reduction 24. Don Fraley 1469 Larch Lane 26-43-0038 Reduction 25. Jean Scheu 1160 Evergreen Lane 35-12-0024 Reduction 26. Chris Perrin 14460 40th Place 16-41-0022 Reduction 27. William Kingston 4375 Ithaca Lane 16-11-0063 No change 28. Pam Bruzek 14535 13th Ave. 33-11-0038 Reduction 29. Don Grieger 250 Zachary Lane 36-33-0001 Reduction 30. Jim Sentman 13510 Sunset Trail 34-34-0001 Reduction Letters #1418) Various See Attached Various 1 Igo •4 DAA:4141Dii9 PROPERTY OWNERS NAME: Bruce Franz PROPERTY ADDRESS: 12405 50th Avenue North PID #: 11-118-22-23-0038 LEGAL DESCRIPTION: Lot 14, Block 3, Creekwood Hills 2nd Addition 1988 ESTIMATED MARKET VALUE: $176,800 1988 REVISED MARKET VALUE: No change ISSUE: Mr. Franz stated the valuation was $176,800 and that the remainder of his neighborhood was in the $135,000-$146,000 range. RECOMMENDATION: Based on a reappraisal of this property and a current sale study indicating homes similar in style, size, and quality are selling for $200,000. No change in value is recommended. Dwelling Style: Split Level Year Built: 1986 Square Feet: 2,349 Sale Price: $102,250 Sale Date: September 26, 1986 Bruce Franz 1988 Board of Review Page 2 Prior to the Board of Review Mr. Franz called our office to discuss his valuation. On March 3, 1988 the Franz property was reappraised including both an interior and exterior inspection. Mr. Franz purchased his lot in 1984 for $29,000 and built the home himself in 1986. This custom" 4 level split home as 2,395 square feetof living area and a triple car garage. The main floor consists of a living room, dining room, kitchen, family room and utility room with a 1/2 bath. The next level includes 3 bedrooms and 1 full bath. The fifth level includes a master suite with a 3/4 bath and jacuzzi tub. Mr. Franz expressed a concern that the homes in his neighborhood were only in the 135,000-$146,000 range. Mr. Franz's home is definitely the largest home in the immediate area and somewhat "overbuilt". In comparable neighborhoods, a sales study of homes similar in size, style and quality indicate sale prices of $200,000+ (see comparables). The 1988 estimated market value of $176,800 reflects the functional problem of the home being somewhat overbuilt for the area. Based on the above information, it is the opinion is a fair market value of the subject property a date. Therefore, no change in value is recommended Respectfully Submitted, Nancy Bye, CMA Appraiser of this appraiser that the $176,800 s of the January 2, 1988 assessment 1988 BOARD OF REVIEW Bruce Franz MARKET COMPARISONS Ccaparable #1 PID # 16-118-22-13-0055 Address: 4245 Lanewood Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Level 1986 2,170 209,900 August 4, 1986 Ccmparable #2 PID # 16-118-22-11-0057 Address: 14500 43rd Place North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Level 1986 2,002 199,900 August 21, 1986 1988 BOARD OF REVIEW Bruce Franz MARKET COMPARISONS Ccsarable #3 PID # 16-118-22-13-0041 Address: 4250 Lanewood Lane North Dwelling Style: Split Level Year Built: 1986 Square Feet: 2,179 Sale Price: $205,500 Sale Date: February 25, 1987 iln prITY OF SCALE OF MILES PLYMOUTR 3,. a€= fimga -. Wems.. 0' - = x Nsoo o_ ai.. Itg.€ sssfia Q4sefia 88 §msa s@gpyigQs#88p$$aggg 92 UF, dffi STREET BASE MAP... -- PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: Harris Goldstein 2710 Hemlock Lane North 23-118-22-43-0064 Lot 2, Block 1, Chippewa Trails 3rd Addition 1988 ESTIMATED MARKET VALUE: $199,600 1988 REVISED MARKET VALUE: No Change ISSUE: Property owner believes his market value is too high because it is over 100% of his purchase price compared to the average ratio for Plymouth which is about 94%. RECOMMENDATION: Based on the current appraisal of this property, and a current sales study indicating this property is not overvalued and is consistent with comparable properties, no change in value is recommended. Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,344 Sale Price: 196,900 Sale Date: September, 1986 Harris Goldstein 1988 Board of Review Page 2 Mr. Goldstein's property originally was inspected on March 30, 1987 including both an interior and exterior inspection. This quality home was built by Kevin Kuechle Construction. It is a full 2-Story with attached garage and unfinished basement. Amenities include a fireplace, patio door, walk-out, central air, and a full, 3/4, and 1/2 bath, and jucuzzi, ceramic tile, and built-in island counter and kitchen appliances. On May 3rd, Mr. Goldstein came into our office, at which time the methodology and procedures used to determine and compare his market value were discussed at length. Each of his neighbor's properties were analyzed in depth. The majority of these homes are split levels or 2-stories with built-in tuck-under garages. Although most of these homes were built by Kuechle Construction the dissimilarities in dwelling styles creates a difficult and cumbersome analysis when attempting to compare them for valuation purposes. A sales study of homes similar in style, location, size, quality and amenities was prepared indicating sale prices consistent with or in excess of the market value of Mr. Goldstein's home, and that the market value was well equalized with comparable properties. Four of these sales are included in the attached market comparison. Based on the above information it is the opinion of this appraiser that $199,600 is a fair market value of the subject property as of the January 2, 1988. Therefore no change in value is reconv ended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser 1988 BOARD OF REVIEW Harris Goldstein MARKET COMPARISONS Camarable #1 PID #14-118-22-42-0072 Address: 11790 40th Place North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,286 Sale Price: $213,000 Sale Date: April, 1987 Camarable #2 PID # 15-118-22-43-0014 Address: 3705 Vinewood Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: 2 -Story 1987 1,367 216,900 February, 1986 1988 BOARD OF REVIEW Harris Goldstein MARKET COMPARISONS Comparable #3 PID # 15-118-22-43-0030 Address: 3630 Vincwood Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: 2 -Story 1985 1,332 208,000 October, 1986 Cagparable #4 PID # 15-118-22-43-0035 Address: 13110 37th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: 2 -Story 1985 1,404 225,600 October, 1985 1, W P rt) /V CITYYOF SCALE OF MILES PLYMOUTR - 3,, Mrv1TF IID•D•1•T oh'. _ as§ wow.a J: - g aaaora:;.,_=.,.Wo a:»..=>> »=a.P: Q 1 11 s8#'ogs8szsasaag&#Bsae#aa@axs#s88aagaaaassaa 8$s8 Q 41 cNO c- g q , dFE F .. 2 fi.fis c•,cE _„ a . u i 14 {1t.. lzD w 11 ET..vE NO Com 75 6 i 4EDrMw cw• l.. . Z {6a x 9D1 • YL . - - c 4 wix Comp 2 5E CO p 3 T=' u i+ E rc.} 4 - •11 n cx l v 200 a - 2 - i^'• \ 23 i- NwnwE 1,• LdKE iEMQDRr p s -- - BsT - PBp - - - LAKE - x 1 7 ti ta•.oc6 £ k ui • ve ihtw x rx i i 6 ' ' 3 PIRKERS •F ES _ b I'l Y E NO T. xoTME. a c 36- -- w,• x•v Ly F .D. W r.a:: _ r,wD• STREET BASEMAPREVISED PROPERTY OWNERS NAME: PID #: LEGAL DESCRIPTION: 019 lei Peggy Eifert 4085 Goldenrod Lane North 14-118-22-42-0085 Lot 2, Block 2, Mission Trails 1988 ESTIMATED MARKET VALUE: $225,500 1988 REVISED MARKET VALUE: $215,500 3 The property owner believes the revised market value of $215,500 is too high compared to their purchase of $215,000, because the 1988 market values of most other homes in the area are somewhat less than their sale prices. i Q1 • Based on a reappraisal of this property and a current sales study, the revised market value of $215,500 is not overvalued, is well equalized and consistent with other homes of comparable size and caliber, and is believed to be a fair market value for the 1988 assessment. 0 Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1536 Sale Price: $215,000 Sale Date: November, 1986 Peggy Eifert 1988 Board of Review Page 2 On May 4, 1988 Mrs. Eifert's property was reappraised including both an interior and exterior inspection. The original appraisal included only an exterior inspection. This quality home was custom built by Lundgren Brothers Construction. The main floor consists of a living room, dining room, kitchen, family room with 2 -story vaulted ceiling, 1/2 bath and utility room. The upper floor contains 3 bedrooms, den with "cat walk" access and full bath. Amenities include 2 fireplaces, deck, glazed porch, patio doors, walk -out, ceramic tile, peg oak floors, sunken floor, sky light, vaulted ceilings, built-in bookcases, wet bar and kitchen appliances. The reduction from the original market value allows for those items the Eiferts did not upgrade from the minimum quality at the time of construction (windows -trim -appliances - light fixtures), and to better account for those areas in the house that have 2 -story ceiling height but do not have finished second floor area above. A sales study of homes similar in location, style, size, quality and amenities was prepared indicating sale prices consistent with or in excess of the revised market value of Mrs. Eifert's home, and that the market value was well equalized with comparable properties. Four of these sales are included in the attached market comparisons. The Eifert house is the largest 2 -story Lundgren home in Mission Trails. When compared to homes of comparable size and caliber the purchase price appears to be inconsistent with sale prices of similar properties. (See attached sales list.) Mrs. Eifert submitted a list of houses she felt to be comparable that recently sold or currently were for sale where sale prices were more than hers but market value were less. Of these 10 homes, 2 were ramblers, 1 was a split level and 4 were asking prices only and, therefore, not comparable for valuation purposes. The 3 remaining 2 -stories that are actual sales are between 95-375 square feet smaller and, logically, are valued less than Mrs. Eifert's home for the 1988 assessment. Based on the above information it is the opinion of this appraiser that the revised 215,500 is a fair market value of the subject property as of the January 2, 1988 assessment date. Therefore no change in the revised market value is recommended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser Comparable #1 PID # 14-118-22-42-0094 Address: 11715 40th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1987 1,441 263,000 December, 1986 Lundgren 1988 BOARD OF REVIEW Peggy Eifert MARKET COMPARISONS Comparable #2 PID # 14-118-22-42-0081 Address: 11640 40th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1986 1,377 228,000 February, 1986 Loscheider 11 1988 BOARD OF REVIEW Peggy Eifert MARKET COMPARISONS Ccaparable #3 PID # 14-118-22-22-0075 Address: 4325 Oakview Lane North Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,493 Sale Price: 216,000 Sale Date: June, 1986 Builder: Callahan Coiparable #4 PID # 15-118-22-43-0023 Address: 13115 38th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1985 1,513 220,000 March, 1986 Anderson & Buckeye w 0 05-13-88 PEGGY EIFFERT DIVISION- MISSION TRAILS 1988 Assessment PID # STYLE GRADE CU. FT. SO. FT. BLDR. SALE DATE 14-42-83 30 45 32,080 1,091 Lundgren 179,000 07-87 14-42-82 30 45 32,560 1,092 Lundgren 171,450 05-86 14-42-86 30 50 33,600 1,160 Lundgren 245,000 12-86 14-42-96 30 45 34,100 1,188 Lundgren 207,000 04-87 14-42-75 30 45 34,326 1,189 Lundgren 205,500 03-87 14-42-78 30 55 35,664 1,200 Lundgren 206,600 04-86 14-42-91 30 45 35,160 1,204 Lundgren 186,500 10-86 14-42-76 30 45 34,364 1,239 Lundgren 182,000 11-86 14-42-97 30 45 34,840 1,248 Lundgren 209,690 01-87 14-42-72 30 45 36,270 1,286 Lundgren 213,000 08-87 14-42-79 30 55 36,520 1,306 Lundgren 234,000 05-87 14-42-74 30 50 38,040 1,310 Lundgren 232,000 03-87 14-42-73 30 55 38,144 1,369 Jopp 225,600 08-86 14-42-81 30 55 37,766 1,377 Loscheider 228,000 02-86 14-42-94 30 45 39,178 1,441 Lundgren 263,000 12-86 14-42-85 30 40 42,028 1,536 Lundgren 215,000 11-86 4 14-42-95 30 60 45,862 1,662 Jopp 247,600 07-86 14-42-80 30 60 52,266 1,861 Jopp 285,231 02-86 w pITY OF SCALE OF MILES 3j4 PUMOUT_ _ VaTE NWOwiT W 0 p a'`. a.Wa's :a> g..H BgRS.8Is§1 gsa sssg gs g g s 8 sog a#& 1igI x#kg g88 # g8gagas s€eo= 11119 8 R STREET BASE MAP ..,,Q PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: Market value aAs•ZV91 ir: •;. is a• • - it •, i i it • Michael Lee 14510 44th Avenue North 16-118-22-11-0016 Lot 19, Block 1, Kingsview Heights 2nd Addition 1988 ESTIMATED MARKET VALUE: $208,000 1988 REVISED MARIET VALUE: $188,600 FWAI CAMmi A reinspection on May 18, 1988 indicates this property was overvalued due to an unusual situation. During construction the water supply pipe to the home was defective or ruptured causing water to flow under the basement slab. This situation was not detected for some time. Winter conditions with expansion and contraction has caused visual damage and possible further structural damage not evident at this time. Therefore, to be fair to Mr. and Mrs. Lee the property value should be lowered for 1988 and reinspected for the 1989 assessment to ascertain whether it has any permanent damage. Respecfully Submitted, Michael Carroll, CMA Appraiser Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,464 Sale Price: $202,500 Sale Date: October 16, 1986 at PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: 1988 Market Value Peter & Martina Eschenburg 4105 Minnesota Lane North 16-118-22-13-0073 Lot 3, Block 20, Kingsview, Heights 2nd Addition 1988 ESTIMATED MARKET VALUE: $173,200 1988 REVISED MARKET VALUE: $168,300 5 RECOMMENDATION: A reinspection had been completed prior to May 10, 1988. An error was found in the original appraisal. The 1988 estimated market value should be reduced to $168,300. Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,251 Sale Price: $170,000 Sale Date: August 4, 1987 Peter & Martina Eschenburg 1988 Board of Review Page 2 All comparables are in the subject properties area. They indicate the lower end of the values to be around $170,000 in this area. The subject property has a 3 season porch with a full basement under it. The walkout basement is unfinished and it has a 2 car garage plus a deck. Camarable #1 does not have a 3 season porch and is not a walkout. It has a 2 car garage and a deck. Camarable #2 does not have a 3 season porch. It does have a deck and a 3 car garage. CcaWable #3 is larger than the subject. It has a 3 season porch, deck and walkout. There is also a 3 car garage. Caq:)arable #4 is smaller than the subject and is not a walkout. It does not have a porch of any type. It has a 2 car garage and a deck. The comparables indicate the subject property is not overvalued at $168,300. 1988 BOARD OF REVIEW Peter & Martina Eschenburg MARKET COMPARISONS Cumarable #1 PID # 16-118-22-13-0069 Address: 4100 Minnesota Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: 2 -Story 1987 1,212 171,500 April 2, 1987 Ccaparable #2 , PID # 16-118-22-13-0072 Address: 4095 Minnesota Lane North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,271 Sale Price: $171,500 Sale Date: October 1, 1987 1988 BOARD OF REVIEW Peter & Martina Eschenburg MARKET COMPARISONS Cariparable #3 PID # 16-118-22-13-0076 Address: 4135 Minnesota Lane North Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,429 Sale Price: $195,000 Sale Date: February 1, 1987 Cariparable #4 PID # 16-118-22-13-0039 Address: 4270 Lanewood Lane North Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,127 Sale Price: $179,000 Sale Date: December 3, 1986 P, l I OF PLYMOUTH 14 70 N, I>c z .al_o7 '• n• .- - yss 4 5 i 4 I 'J' r - Jtl ' 1•t ••(s2£ ,471-; ot Y Co IL 3b- N. f_ (GSE , l0` , P •_ IS) 4 (6) - (3) , c yl E . -r j ' E ` r (44' «.• , • 141 0 41 (4V cl 01 M fi `l.r 1 i 171) (0) (3) 1 ; A,' (-17) 7 'I (`•' 1 _ 11 i, 1 _ i• IY to .r . C.7 Y ` - ., AVE. (051 3 '' t aY (, • t• 1 0, •' -J) { K)•: ,. l (iy ! w+l, •, r A l5 RvE 1j7'/P5)' RYE. n •, a) -•Ys - (la)• -12 cis' • r - ° 3 2 t • 2 . Q7•! ° tJ(„ tO •^. '•`(sta(5 1 Como a _+` `..«'. .. _. 26) ¢ (6 n• a w n• yr r1 I ( 27) ( W e- 0 IL r]; r - Yi4 .• .. s.• INl IAI 1111 (1.1 fA) TI IAI Ilt) (]•, I S70RU SEWER DISTRICT BOUNDARY ACREAGE SCHM DISTRICT BOUNDARY NE I i. L ECE wATfRSrIFD DISTRICT BOUNDARY INCREMENT BC'.I.INDARY a• ly EZ ,.. As s i t yrt g O26. PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: It •, I I@1 It' • Kathleen Pederson 9885 31st Avenue North 24-118-22-14-0006 Lot 5, Block 3, Merry Middlemist Addition 1988 ESTIMATED MARKET VALUE: $128,200 1988 REVISED MARKET VALUE: $125,200 0 Property owner believes her revised market value of $125,200 is too high due to the cul-de-sac that cuts into her front yard, which she feels has reduced the value of her Property RECCMMENDATION: Based on a reappraisal of this property and a comparison of neighborhood values, the revised market value of $125,200 is not overvalued, is equalized with comparable properties, and is believed to be a fair market value for the 1988 assessment. 10 Dwelling Style: Rambler Year Built: 1984 Square Feet: 1,852 Sale Price: $125,000 Sale Date: July, 1986 i Kathleen Pederson 1988 Board of Review Page 2 At Mrs. Pederson's request an exterior inspection was made of her property on April 7, 1988 prior to the Board of Review, to view the cul-de-sac in her front yard. She sited the reduced front yard area, cars parking in the cul-de-sac and her driveway very close to her house, and people using her yard, driveway and the cul-de-sac as access to the adjoining park property, as detrimental influences affecting her property value. The original appraisal dated March 4, 1986 did not reflect the current lot size including the cul-de-sac because it was not visible due to winter conditions and snow. Based on the re -inspection the original market value of $128,200 was reduced to 125,200 to better reflect the amount of actual usable lot area. This was done by reducing the lot value from $21,000 to $18,000. On May 16, 1988 the interior of the home was inspected in response to Mrs. Pederson's appearance at the Board of Review. A comparison of lot values in Mrs. Pederson's neighborhood indicated her revised market value to be well equalized with curable properties. Based on the above information, it is the opinion of this appraiser that the revised market value of $125,200 is a fair market value of the subject property as of the January 2, 1988 assessment date. Therefore, no change in market value is recommended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser r 1zLLJia w tt i.v.l u II ul 31) y I yl 351H i ;AVE. N. 8 u 2 r 1 a •,Jr 11 ul In 111) i1 tiA 18) lk a a • a 1. , 1 1. V y I IR" 1 1. It 77 * ly Y_ 1. M « 11 I It l 76) NI. I.1. Z w I •' 01 Or O to M p 1 11) _ (11) 11) A N0. a VF*'WH 34Tr 34TH AVE. N' t n31 u„ Is OLm7rly (6) u) stet 3 Q t I toi0. rn x y M1I in, 1) Ilk 7) Q ril y Sr.) F~ QIrrel FW— 1 l:, — cr) 131) d M) r Ito 97 a. fn 3) 9 AvE. NO. s cJ 1 V I 1S•1 71 11 711 (tol - 111) - 5,i P! y.1•«•1 Z 1---1 cul rb I CL- w• Ir. u.a•.e' IS 70• W ILI p•. - {1 Il•. iq 4017 w 1..17 11• f..5, 1 9I I p• I 1Tr n' '- I' to It IV! It) HIt 7 1u1 7 1 y• 9 si+•'• 171m' 1•S, mss* rMw f+ t r (7'1) 11e) 16...35, TIES. f b ,M'+t' d' I d STOR4 SEWEP DISIPIC, BOUNDAP:' j(IRVE° i`:IS!SN gg rr O[7® SCHOOL DISIR!C1 BOUNDARi rnNcn!N ".N: v;yr;E'•'": 6 E AAIERSHEC- IT:STR!CT I)NDARY INCREWN) BQUNDAR, t!t Ip (t 1 ( * ( t l l* ( 1 t. ` r 1T lT Ir c tF (F • 1? 1 PROPERTY OWNERS NAME: PID #: LEGAL DESCRIPTION: ISSUE: y : iY' : 8'r CSI : :.'A i ulul I IR Mrs. Patricia White 3445 State Highway 101 19-118-22-12-0004, & 19-118-22-12-0003 Metes & Bounds 1988 CLASSIFICATION: Non -Agricultural 1988 REVISED CLASSIFICATION: Agricultural 7 Agricultural Classification" Value is not contested. I spoke with Mrs. White's son on May 16, 1988. The property has been reclassified to Agricultural for 1988 as it was cropped" in 1987. This will reduce the tax impact for 1989. RECOMMENDATION: Agricultural Classification Respectfully Subn tted Michael Carroll, CMA Appraiser PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: Sharon Lee 1105 vagabond Lane North 31-118-22-21-0009 Lot 7, Block 3, Hadley Hills 1988 ESTIMATED MARKET VALUE: $144,200 1988 REVISED MARKET VALUE: $134,300 Property owner believes the revised market value of $134,300 is too high because of the condition of the home, and the value increased more than other homes in her neighborhood. Based on a reappraisal of this property and a current sales study, the revised market value of $134,300 is not overvalued, is equalized with comparable properties, and is believed to be a fair market value for the 1988 assessment. Dwelling Style: One -Plus Year Built: 1969 Square Feet: 1,504 Sharon Lee 1988 Board of Review Page 2 During the summer of 1986 Mrs. Lee's entire neighborhood of Hadley Hills was appraised as part of the 1987 "quartile". Her 1987 market value was estimated at $144,200, and was based on an exterior inspection only. The value increase was approximately 25% over the previous (1986) market value. The 1988 market value remained the same at 144,200. Prior to the 1988 Board of Review, at Mrs. Lee's request, a reappraisal of the property was made on March 16, 1988 including an interior inspection of the home. At that time the 1988 market value was reduced from $144,200 to $134,300 to allow for the deferred maintenance and general condition of the home, and better reflect the amount of finished living area on the second floor. It was explained to Mrs. Lee that the City of Plymouth no longer has the authority to make adjustments to 1987 market values. However, it is possible to apply for an administrative abatement to the Hennepin County Assessors' Office. Mrs. Lee currently is involved in seeking a reduction in her 1987 market value through that process. Mrs. Lee's hone is a "one -plus" story house with a full basement partly finished with a family room. The main floor consists of a living room, dining room, kitchen, den, family room, master bedroom, utility room and 3/4 and 1/2 baths. The upper floor contains 3 bedrooms and a full bath. Amenities include 2 large brick fireplaces, central air conditioning, ceramic tile, peg oak floors, built-in bookcases and kitchen appliances. When a neighborhood is appraised in the "quartile", the amount of an individual home's market value adjustment (increase or decrease), is relatively insignificant in relation to the equalized values that result from the reappraisals. The purpose of the quartile" is to account for any inequities that exist and make what ever corrections, additions, or deletions are necessary. A comparison of similar style homes in Hadley Hills indicates sale prices in excess of the revised market value of Mrs. Lee's home, that the value is well equalized with comparable properties, and that the amount of value increase is consistent with the other "one -plus" story homes in the neighborhood. Based on the above information it is the opinion of this appraiser that the revised 134,300 is a fair market value of the subject property as of the January 2, 1988 assessment date. Therefore no change in the revised market value is recommended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser 1988 BOARD OF REVIEW Sharon Lee MARKET COMPARISONS CcnWable #1 PID # 31-118-22-21-0030 Address: 1110 Urbandale Lane North Dwelling Style: One -Plus Year Built: 1964 Square Feet: 1,250 Sale Price: 136,900 Sale Date: November, 1979 Ccsarable #2 PID # 31-118-22-21-0034 Address: 18405 11th Avenue North Dwelling Style: One -Plus Year Built: 1965 Square Feet: 1,404 Sale Price: 189,900 Sale Date: November, 1986 1988 BOARD OF REVIEW Sharon Lee MARKET COMPARISONS CaRparable #3 PID # 30-118-22-34-0023 Address: 1400 Urbandale Lane North Dwelling Style: One -Plus Year Built: 1963 Square Feet: 1,824 Sale Price: 176,600 Sale Date: July, 1983 C prr M* , w v',r• r• t 110) I III % Ir••_U. L 151 r L&A INK Cal tmf r ".P_ 7 01 1771 'a) n" (] 6) f7) _ d n••er 9 ret aMA UAn t SSI ' l 19) w lT)) I la) • . r , o ( bI - , q 1 " et RANIER x'- ' . '(, O» (•7) e'a. ro. 9 -. 1 as rv'4,- /i)w " RCr lu( t `. r D 1 • yi,l, t lot crnD-. ..,°' ,. _•. Y n (TS) `GMp o ° t1•) ` w`jlCR¢ ST .7 W F) LLJV Gy Q (77) l6) l 17) 1)) 1.71 - P , T* f (>a) ---•--- - '- --- --- W. IV STH — ICK' w = tr9) 1 y i • r • _ r 10) 117) _ (,e) lN) J gib 11TH AVE. N. i SEJ AO7) - (TJ) O.) _ O2.) _ Oa) - J. ICQ lu_ i _ ILL a' „L9 ,1, ._ N CL E 0 v WNW PROPERTY OWNERS NAME: Roger & Linda Benson PROPERTY ADDRESS: 14935 31st Avenue North PID #: 21-118-22-13-0016 LEGAL DESCRIPTION: Lot 3, Block 3, Cavanaughs 3rd Addition 1988 ESTIMATED MARKET VALUE: $79,300 1988 REVISED MARKET VALUE: No change ISSUE: Mrs. Benson submitted a letter to the Local Board of Review requesting a review of the 1988 estimated market value of $79,300 for the rental property at 14935 31st Avenue North. RECOMMENDATION: Based on the fact that the 1987 market value had been adjusted downward for additional depreciation and current sales study indicating the property is not overvalued, no change in value is recommended. Dwelling Style: Rambler Year Built: 1964 Square Feet: 1,200 Roger & Linda Benson 1988 Board of Review Page 2 The Bensons rental property was inspected and reappraised for the 1987 Board of Review. The 1987 estimated market value was reduced taking into consideration additional depreciation warranted by this rental property. The increase in market value from $75,800 in 1987 to $79,300 in 1988 was a 4.6% increase. This is the same increase in value received by the other residential properties in the immediate area. Mr. Benson felt he did not want to bother his renters with an inspection this year. A sales study of comparable homes indicate sale prices in excess of the estimated market value of the subject property. Based on this information, it is the opinion of this appraiser that $79,300 is a fair market value of the subject property as of January 2, 1988 assessment date. Therefore, no change in value is recommended. Respectfully Submitted, Nancy Bye, CMA Appraiser 1988 BOARD OF REVIEW Roger & Linda Benson MARKET COMPARISONS Ccaparable #1 PID # 13-118-22-13-0010 Address: 4030 Nathan Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1967 1,150 87,500 July 10, 1987 CcoWable #2 PID # 35-118-22-22-0024 Address: 1106 Oakview Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1958 1,272 89,500 April 4, 1987 1988 BOARD OF REVIEW Roger & Linda Benson MARKET COMPARISONS anparable #3 PID # 32-118-22-21-0026 Address: 16825 12th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1960 964 90,000 March 15, 1987 CITY O> SCALEOF MILES 3/4 PLYMOUTR _ I- QQ a m s w >SW c w v. 08 €' <1 53 c o a S s :Y 12 T o -_ - a g _ - -'_ u 3 i _ a£ , u_ ;' t¢ 3€- - x 3 H u•' a F ssa Hit 1 4 r • rt 75. F it •. E 99 s 4.1 i ST .vf NO w , E x / i J1 / ' - •./.y . I} 17 16 X a i ll 0 Comjaip i a L l __._ v 29.2 ci• \ 23- •.•u.'r:ur»2 5t . ; i6 • E L • LAKE m oNEY .\rp _ • - ' \. v vDIC N EKE B 25 J . si,t \ s Y' :- 26 - DIKE F.crow t a[= RIRKERS' a, « d • ES 1 • . LIKE _ Comp 3 Zr` z x Comp 2 `«D w Y_ STREET BASE MAP REVISED . 1 10 Ili DI Wei Z14 W,11 e itn *4 2ik%4141Di W7,11y 1A PROPERTY OWNERS NAME: Deanne LeVault-Peppermint Fence Preschool PROPERTY ADDRESS: 17205 County Road No 6 (St. Philips Lutheran Church) PID #: 29-118-22-33-0043 LEGAL DESCRIPTION: Long Legal 1988 ESTIMATED MARKET VALUE: $34,500 1988 REVISED MARKET VALUE: No Change ISSUE: Mrs. LeVault disagrees that her preschool is classified as taxable property and objects to the methodology used to arrive at the market value. ION: Based on the fact that all profit making day cares and preschools operating in exempt church facilities are being classified as taxable entities beginning with the 1988 assessment, on a county wide basis, utilizing a standard methodology, no change in value is recommended. Deanne LaVault 1988 Board of Review Page 2 During 1987 assessors in Hennepin County discussed and analyzed private day care providers operating in exempt church facilities, many of which should be taxable under Minnesota statutes. Assessors identified and analyzed these organizations within their own jurisdictions as well as throughout the county to determine whether they should be placed on the tax rolls. To determine the property classification (tax ability), information was obtained from the day cares regarding their lease or agreementand organizational information. Of the approximate 9 day cares operating in church facilities in Plymouth, 4 were privately operated, and only 2 of these were determined to be non-exempt private uses for advalorem taxation. A uniform methodology for estimating market values was utilized that relied on the income approach to valuation, by capitalization of the income (rent) into a value estimate, a reliable value indicator in the appraisal process. Based on the above information it is the opinion of this appraiser that the $34,500 is a fair market value of the subject property as of January 2, 1988. Therefore, no change in value is reccmmended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser wp - CITY OF SCALE OF MILES PLYMOUTR n 3,. PPry<TE NDapWev W>`€.'_ _ ?,mss>- WY- YYw > `AQa 4. . 1 iWYBo° g 08 88g°o 88&88888888888$883v8SR88888.€g 88 88R88888888888R888fl8848&g Rmfmrp STREET BASE MAP REv SED j PROPERTY 94NERS NAME: Robert and Gayle Lancaster PROPERTY ADDRESS: 15915 46th Avenue North PID #: 08-118-22-44-0010 LEGAL DESCRIPTION: Lot 2, Block 2, Oxbow Ridge 1988 ESTIMATED MARKET VALUE $221,900 1988 REVISED MARKET VALUE $200,000 ISSUE: 12,900 over sale price RECOMMENDUTION : I talked with Mr. Lancaster moments after his appeal to the Board on May 10, 1988. An appraisal had been completed on his property prior to May 10, but I was unable to contact him. He requested his value be at $200,000 and the appraisal supports his requests. In my opinion the value should be $200,000 for 1988. Respectfully Submitted, Michael Carroll, CMA Appraiser Dwelling Style: 2 Story Year Built: 1986 Square Feet: 1,449 Sale Price: $200,000 Sale Date: January 20, 1988 PROPERTY OWNERS NAME: James DiOrio PROPERTY ADDRESS: 4090 Minnesota Lane North PID #: 16-118-22-13-0068 LEGAL DESCRIPTION: Lot 3, Block 19, Kingsview Heights 1988 ESTIMATED MARKET VALUE: $165,300 1988 REVISED MARKET VALUE: $163,100 ISSUE: X12 Property owner believes his revised market value of $163,100 is too high based on what he paid for the home, and that the detrimental aspects of the home have not been considered. RECOMMENDATION: Based on a reappraisal of this property, a current sales study, and Mr. DiOrio's recent purchase price of a $168,000, the revised market value of $163,100 is not overvalued, is consistent with comparable properties, and is believed to be a fair market value for the 1988 assessment. Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,257 Sale Price: $168,000 Sale Date: August, 1987 James DiOrio 1988 Board of Review Page 2 On May 3, 1988 Mr. DiOrio's property was reappraised including both an interior and exterior inspection. The original appraisal included only an exterior inspection. This quality home was built by Eiden Construction and is located in the Kings-view Heights area. The main floor consists of a living room, dining room, kitchen, family roan and 1/2 bath. The upper floor contains 4 bedrooms, a full and a 3/4 bath with jaccuzzi. Amenities include a fireplace, deck, glazed porch, patio door, ceramic tile, sunken room, built-in island counter and kitchen appliances. The reduction from the original market value allows for interior items and ammenities that were modified from the building plans and were not evident from the original exterior inspection. The steep driveway, rear yard, and location have been taken into account. A sales study of similar homes in the Kingsview Heights area was prepared indicating sale prices consistent with or in excess of the revised market value of Mr. DiOrio's property, and that the market value was well equalized with other "Eiden" homes. Mr. DiOrio did not agree that realtor fees and contractor profits should be reflected in his market value. It was explained that legislative mandates require "typical sales" used for assessment purposes to include typical fees, profits, personnel property, and financing. Based on the above information it is the opinion of this appraiser that the revised 163,100 is a fair market value of the subject property as of the January 2, 1988 assessment date. Therefore no change in the revised market value is recommended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser Ccmparable # 1 PID # 16-118-22-13-0030 Address: 14800 41st Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1987 1,285 170,000 December, 1987 Eiden Ccmparable #2 PID # 16-118-22-13-0057 Address: 4085 Juneau Lane North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,284 Sale Price: $170,000 Sale Date: July, 1987 Builder: Eiden 1988 BOARD OF REVIEW James DiOrio MARKET COMPARISONS 1988 BOARD OF REVIEW James DiOrio MARKET COMPARISONS Ccaq:)arable #3 PID # 16-118-22-13-0073 Address: 4105 Minnesota Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1987 1,251 170,000 December, 1987 Eiden Ccniparable #4 PID # 16-118-22-13-0039 Address: 4270 Lanewood Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Builder: 2 -Story 1986 1,127 179,000 December 3, 1986 TJB Co. n, . p ` t) i lb\. _ a ,\ ,• AVE JAIL RIDGE I OF PLYMOUTH 17) t• L tom` ts6. u) 'Iry l :4380 COX f• In N t A (+ e 6) - (5) ubCOP kQ4) V1) () (.) _ l wj I 1 1 •N•• • •.• r' bhs\s= G> Jti6 k14) t,e t' lo a• .Q 7 Y :• ` _ AVE. r r I • J r •) c l •) 's''t .: ' t ' jo), f `^Z 5 f4} , O •• s ' . ( i) • ,+ "f'\' ISA' = ( 1. ., •• A (443 '• 5 42r1)AR Q5 r 43RD AVE.Na);/ 1 3: • (s;, 1 (•e x S)' 2•) ` 4 . ' ,•4'• S ly0) r U1> ''l)1.) ja l)al - Z > c .( l)3i .. < a Z 33. - : h- • i Y 4 • .. • t U' * t •'` . "• .. A=ND tJ / 1 1,1 'y` (t9) .. •,rlSJ is)12 t S •, z i , . a jj ys\ _ral :!) yl!•7 O .,, 2 L f ?a)'` 3) Comp ,-• (as) .. t 42 ND AVE, 4 '. I f 7 • r ie; i : — (7) y c o 2 11 , ` fi .e5. _ ._Y•, .. t ` a ; r ( 2? 6 ,\ > t 4 . mss: f •'_ G " X130) g Z- O' Comp i i• ' tZi )•,4 0 • • - _ T". AVE. t .r- 1. y T.2 • .. A SZ ., t. r. a iAAff ASC. i(20) o t37 nt rt•lv,S "j •iy!• 'l'(V• c :.': • < ss) , f foj < k (30) ;f (29) Ins r hjlr e• a 20 o\- w) F) ••>Y cc) ls,) y •, r ',y. (21) _ z s' •+ . a * ' a` 78(0. Comp 2 )n ' ''b : (ie)s Comp 3 :a r ; s crLr0 6 ; o `, .•-hal ' - p 1A.: . , ( 7IIM a , -1d opw A••t`• --- --L t,'-- i !. n w 30'x'_2'{ :•79T _ _ A_R ' .- T i 'gun turn n !ta t e t iT a 9 I. Is s' 2639. 13' REi ('•) _ last . t m S i+A !+I _ _ 7<tI 1 q !wt ttet u» u•, lwttm% ACREAGE — — — — — - — STORM SEWER DISTRICT BOUNDARY w 1/4 NE 1/4 — LLCE 10 SCHOOL DISTRICT BOUNDARY SWINr LCE10 „ •..... WATERSHED DISTRICT BOUNDARY 0. 17 AO. 22 39.95 a0.001 39. 9a 39.95 39.92 39. 90! • • • • • • • • • • • . • • • • • • INCREtFNT BOUNDARY Q Qj Q1 4j Q 4i1 4) 11 41' (! (r At (C (r. (!, ( (P PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: Clem 20KNIN117,1MVIA9 Robert K. Pratt 1806 Yuma Lane North 29-118-22-41-0121 Apartment #1806, Chelsia Woods Condominiums, Apt. Ownership #61 1988 ESTIMATED MARKET VALUE: $64,600 1988 REVISED MARKET VALUE: No change 13 Mr. Pratt purchased his home in December of 1987 for $55,000, which is less than the 1988 estimated market value of $64,600. RECOHMENDATION: Based on the reappraisal of this property and a current sales study of comparable units, no change in the 1988 estimated market value is recommended. Dwelling Style: 2 -Story Condominium Year Built: 1975 Square Feet: 595 Sale Price: $55,000 Sale Date: December 3, 1987 Robert K. Pratt 1988 Board of Review Page 2 On May 13, 1988 Mr. Pratt's property was inspected and reappraised. This 2 -story condominium built in 1975 is in average condition. The main floor consists of the living room, 1/2 bath, kitchen and eating area. The upper floor contains 2 bedrooms and a full bath. Amenities include a deck and central air conditioning. A sales study in the Chelsea Woods area revealed comparable units that sold in 1987 between $70,000 and $72,000. Based on the appraisal of this property and a current sales study of comparable units within the imyediate area, no change in the market value is recommended. Respectfully Submitted, Nancy Bye, CMA Appraiser 1988 BOARD OF REVIEW Robert K. Pratt MARKET COMPARISONS Ccuiparable #1 PID # 29-118-22-41-0100 Address: 1807 Yuma Lane North Dwelling Style: 2 -Story Condominium Year Built: 1974 Square Feet: 594 Sale Price: $70,000 Sale Date: December 26, 1987 Comparable #2 PID # 29-118-22-41-0098 Address: 1803 Yuma Lane North Dwelling Style: 2 -Story Condominium Year Built: 1973 Square Feet: 584 Sale Price: $72,000 Sale Date: May 26, 1987 1988 BOARD OF REVIEW Robert K. Pratt MARKET COMPARISONS Ccnparable #3 PID # 29-118-22-41-0132 Address: 1839 Yuma Lane North Dwelling Style: 2 -Story Condominium Year Built: 1974 Square Feet: 594 Sale Price: $71,000 Sale Date: May 9, 1987 Comparable #4 PID # 29-118-22-41-0066 Address: 16102 18th Place North Dwelling Style: 2 -Story Condominium Year Built: 1973 Square Feet: 584 Sale Price: $72,000 Sale Date: May 26, 1987 7 ` 6 J 5 0 1 w•Er. _ rn•p.• rr,,,t c•e) CONDOCOINIt00S rj, Ifl 1 7T w•••'.] . I.1]'••t 4 1 x = 2 rf h mn r, I 1• t ii'i'r 1 , n. 8 1 0Ou Comp 3 A en'^ `'•' x t A A, p1• Y, TIRD ADD , CompOR 1, y'• `° , x 1 •!1 . . , to e. Iw Iwl` 1., 00 P, : • ,., T °'., . to.,. i:a) y"E',.n = i 117) - ywr /T 1.1_ • _ I r (100) "''. 4 ' ..: , 0' 26) y 1121) OA • ls, la° . Ir, , (1°61 q ! t s• ( 1-- V f '«na w•' , Y ~x. „ ' s 4a'p, _ (351 = 3 avE• - {r I l T 1 131 •i r,. i1ir.' - W - - - - . ITw•ItT -r,r,r = aYY it ' s• ,w•r `_ UNTO —S; ;E A! LATIf I CK Ms a'_-m, - - - -' .P •_ -'a r +t./'- w wr • 11.0• rw rn•sN , 2) (1) _ ( 57) y!(621 P 1/21 _ (0S)- (°•) NS)w (16)- (•Pb (°6) •,+12 r(23) 1(2°) 4'y. e• 1 .n 1 n o a l a 1 1 1 R ti i j Y 1521 1r• I]t P(50) - (6]1 1, q 'r " • ° • - ( 261 li711 1126 _ 49) (29) ^- - ( 26 Z n a 1 102) s ( 1ot) ti• ti 1! w •!, i , . + TH AVE. lb 3 r2 1 < Z s cs6) . cs'6 t a. - (60) (61)TE ACE -t!;3)- leo) (60) (ss) s cs) (•e)- - ,]s' , t 1 t, m. p.p• ro. 31• w. a• ns• m. a' _ VYa l99) - - lb6) ' , l56) 1 r w3t u°t+ u t, a _ Ir, Into -I" - » Lr .11• N , 1 _ - Nom. — • 1 0] _ ••Y .•'i A 6'1, E p lnl Is, 13 11n 1 9 2616. 12' SES. S. STORu SEWER CIS)RICT POUIICOt SCHOQ: DISIRICT BOL)NDA'rR B ' \ 4E I' , ., !:' 4 •''N: ' L b CE/t76/ Q]' waTERSr,EC D:STRiC' E)Q'JNOaRr ' PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: it •,ii ir • Leroy Reinke 14411 County Road No 6 28-118-22-44-0005 Lot 2, Block 1, Sunset Acres 1988 ESTIMATED MARKET VALUE: $78,900 1988 REVISED MARKET VALUE: $72,300 14 A ISSUE: Mr. Reinke is primarily concerned with the future expansion of County Road No 6 and its ultimate impact on his property value. It is his opinion that his 1988 estimated market value of $78,900 is too high, due to the fact that knowledgeable and informed buyers would take into account the improvement of County Road No 6 and subsequent loss of property. RECOMMENL)ATION: The recommendation is that the 1988 estimated market value be reduced to $72,300, for reasons that do not pertain to the issue expressed by Mr. Reinke. 0 0 Dwelling Style: Story & 1/2 Year Built: 1951 Square Feet: 1,027 Leroy Reinke 1988 Board of Review Page 2 There is no doubt or disagreement with the contention that property values along the expansion route of County Road No 6 will suffer due to the reduction of property size, increased traffic conditions, and the proximity to such an improved road. However, the appraisal process recognizes this damage to value only after such a project has been completed and an accurate measurement of market sales have been analyzed to determine the amount of loss to the properties involved. Since the potential damage cannot be measured at this point in time, we cannot address this issue for the 1988 estimated market value. Looking at the capital improvement plan, construction along County Road No 6 that will affect the subject property is tentatively scheduled for 1991, at which time we can and will look at damage to property values along the affected area. In reviewing and reinspecting the subject property for this appraisal, it was noted by the appraiser that sane adjustments for depreciation, age, and condition of Mr. Reinkes property were necessary and should be updated. Based upon this depreciation and not the issue addressed by Mr. Reinke, it is recommended that the 1988 estimated market value be reduced to $72,300. This will equalize Mr. Reinke with similar properties in his neighborhood. Respectfully Submitted, Richard Toy, CMA Appraiser U r_y l ,'. ,.n ti' r^ a J . -' i `.( '.,, i 9 ., / \ w \ til v_ ,• ^ + n n. y v. T I) 3 --) r ; - „ .,`l.' ndo O fes' U Z 555- y'.1 •" l Ir- 1 JI _ Im or IJ•1 Y (=a1 IT 1 ,.o--,..,• n r TSjT_-, J f (/_ 1 l] > I y t -J 7aC - / //'/ / •, . tel/ . ,' •i ] y ,,( e,) - ,n ro+ ,o. f ,o• e6) (es) _ + (e3) _ (8?)_ (e1) - - l . f .. `] 1.1 • n 167) „] „ ' 'r Yor,• ' w1 O a 18TH AVE. NO, a s Apt, U to*,•• "Kr p1. ry •" w,. ' a' Iu1 4% (17) ( 15) y (1•) l ri f T - w nit+ r ' IfT 1. .1 Is, 11,• N n - 1 9) (10) ' a0 s l91) - ( 90)_ `; ( 761' (75) (7•) 177) : l73) (K) UI) Sle)^ P w ( 91) 'r o{ •1 ]1 Jot' 17TH AVE. N0. A l J r. i (I•) _ qD w tw n. a• x' t r. >e' I s' ro, • w. n' •a y •. 9) (e) (77' (e) _ (5).L (1) (3) (n 1 y. `.rR s•"^, d --+t.••-:'C. Sl. +,ti,2'-+0--b+l -S----sTs, p i _ ____ .. O Inv W J no W Imsaw, 9 ISTH AVE. N. 0.(( w Y 1., (73 \( ll) 1701 ( ) (56) t71 r Y • a O •. tae) R • e) sr• 1397, ti ( TS) C (T6) t: ( T7) (le)•: (19)- Y 40) s ,• N s r•.r r . + ( I) I 117 y iNO. Vii• m• • ( 31) (31) _ 17) _ t _ tl N1 /tl ] =r ------ lie) 3 _ - -.... - - 511 2 33) Con 2 An (. 7) roa3. rr (55)4,4 4 Y 131w Yf. ' 1 •• r , ' ' \ of 4c, 11 1.1 1 `I ' 1903.95' )K S. ` 1•at , i •'- GOv'T LOQ I i PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: It !I1 ' • Bobby Rae Etheridge 14515 County Road No 6 28-118-22-44-0007 Lot 4, Block 1, Sunset Acres 1988 ESTIMATED MARKET VALUE: $73,900 1988 REVISED MARKET VALUE: $68,500 Mr. Etheridge has the same concerns as expressed by other property owners in the area, namely the impact on his property value from the future expansion of County Road No 6. RECOMMENDATION: A review appraisal done on May 16, 1988 concludes that the 1988 revised estimated market value should be $68,500. Dwelling Style: Rambler Year Built: 1960 Square Feet: 1,092 Bobby Rae Etheridge 1988 Board of Review Page 2 After consulting with Mr. Etheridge, and explaining the appraisal process to him (e.g. the necessity of market data to support this contention), it was agreed that this concern can only be addressed after the road expansion has occurred. It will then be possible for this office to measure the damage or impact of the proposed project. However, a reappraisal was done in conjunction with this report and the property record was updated to include certain physical depreciation previously not recorded. Therefore it is recommended that Mr. Etheridges 1988 estimated market value be reduced to $68,500. Respectfully Submitted, Richard Toy, CMA Appraiser J' f is t IES yr ra•,r ro•• n w iuIwl r n ; • n r 7r 1» w 1566.75' Rf I . 1 w rt (pl 1r11 75 IDI I j t1 1.11 , ly1 Irt1 Iwl '} f 1 1 v ' e „ int ` 1>•1 —'-"- _...__ I •oc ,D' C C'' 1 n I pl I "I ml od __ r• Q _ , 0 Itn 1 la) 3 Irl nlrl ' j' Ifl 11111u11 n Ili, Iv. 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Y,1 lugr tor) Lal ~ 141 .. n1 W (lo) 1 P I,ql r o (PB) - Z e r, a» s 71 v n Ll •' r T 1 Im Irl 1 V,r (,rl lun Iqn Irl I 1 ( 17) , • 7 ! • Iro• '',. ,r /_- a(23) - (20) (21) V1 ) 190) _ `. r ( 76) (25) (26) 1( 22laic) s (12)• v rs.n' 201,r. s. uew57 17TH AVE. NO. p r•, re CD y :.. • .•or• l'" ,r-. D(2) In.N ' IIs r g,1• r• re.a• rsa- 1 r •7. 9' 61.9' ; 7 I ^ n (95) (27) ; (2B) (30) LUD (33) . 11 li) w b. 1 a•.n rl.x• ro1.7!• i Ir• ro, r• w. n' ro..71• r ...... IWO, • 7 s tP 9) 71 (6) (6) (3) • .. c 1s) cel c cs) : cn z 1 ' 1'• 6r•r P A - - -v le 1 y y1n7-1- b?LkhS---- 16) Nlr, P wo Y ,• I N + r 4e • m5o r- _ 1 / r ' I In 771• e^ ( IV) `l ` •r• IIS) Irl r • r W 9 15TH AVE. NO. I V 3 1 \In / nlrl 122) S 1 •-1 i 1j1) 1 •/ n /' l 1! Int p ( 73 1 lY e' ti IrnqPJ ' (2•) , ' 1 1 j qL 39) r (76) (27) (26) (29) (5 _ N (e) j •1 lie 60) - ra r l; • r+.•- •. (1) I (61), VE. NQ. s Ae 1 4 r .! • D.,` b 1 5 1111 rt) (i!1 (r) . .. I 8 (36) $ _ r ------'-- T._ Cr Tw 7 X11trioi a•y (52) (35) 8' I } 6 NITI • : a 1 1 w td7) r' Il•.I ' T. ': 131H AVE. rl P I •. - • 'p (n) rows.rr (SS)al.• Y tt 1- rY Ar, • T). .. -+ r -'yl E moo_ a ,_ • s ,p 7 tr 1_ yr .r,• / b:: . 11 :fi. r . i. 7 ^ 1,1 S Y ` r _ y ,1 q IS '• 1 !) _ i A ( ) 1 1 _ _ o 'nti•ti aA 156) n 1903 95' RES. W1 GOVT LOT I 5'OFu SEWER : iSIF:Ct 9DUND F ci1FVEr C:'r PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: Dan & Brad Hagg 14417 County Road No 6 28-118-22-44-0006 Lot 3, Block 1, Sunset Acres 1988 ESTIMATED MARKET VALUE: $106,100 1988 REVISED MARKET VALUE: $104,000 14 C ISSUE: The issue raised by the propery owners is the same as that raised by Mr. Etheridge and Mr. Reinke, namely the potential damaging affects of the future expansion of County Road No 6 to their property value. RECOMMENDATION: The recommendation is to reduce their estimated market value to $104,000. Dwelling Style: Split Level Year Built: 1960 Square Feet: 1,610 Sale Price: $86,000 Sale Date: April, 1985 t Dan & Brad Hagg 1988 Board of Review Page 2 Since this issue has been dealt with in other reports prepared for the 1988 Board of Review, restating all the pertinent information would simply be repetitive. A reference to the reports of Mr. Reinke and Mrs. Etheridge would sufficiently explain the problem involved. Upon reviewing the subject property for this report the characteristics were updated, specifically deferred maintenance, resulting in a revised 1988 estimated market value of $104,000. Respectfully Submitted, Richard Toy, CMA Appraiser re• lo•ore hC/`• S ; 25617, e(s. 21111 a, I1 1 ` 1111 } f' / > !r1 IMI " w n " 11 r'Q P1 O u,t w1 `I un al ul a+' IAI , IAI 141 r Y Irl IUI (f,l IYI j. 1 P' b' 171 W J 1 Ila I) ; ` 1•.1 (rt !' Y r f, ( " '}l YI '_' W 1'N• a (A) la Irl h J S } Ir 1.4 4 t Q Ih) 7 O C U'°S r. Ir) J a ISI) In) U Ir, A J J ii IA) la1 } Im i • i q' 1. / tr)1 1• I M n)1 _I? T1+5"t' r. M ^ )1} y l41 f•)) . M. M' — fes- IP. I.n 1«I _ P } ' i el 1.1 r 74. w' SW Ir4 I .i (w, 11 Ir, IIl 10 1r(6.I- 1n lar ,a of w• le]) Iw 1•a ( r' u Ir, 2 Lw, n1 M } le., Q lrl 'y 17lel) Irl 5 (m I N4 t+ {J•f P fl t'I) IY, {• a) ;)n ('r' A r al ml i) 18TH AVE. NQ' r Nr p(6" wr ao t ,1 y`lu, {, ,..., <' IYI 1f1 a 1..1' i{e)r• AVE. m IAI Im Iywl 1 y' r WJ 9 13) 15) y('e) I fIP Cn (16) ( 17) 1} t- p :1• (II) 1 II ter). tb ( e9) 4 NS. n• Q '. ' I 1 W-w- — mmiao' 1— a (23) (20) (21) (1 ) I 19) (10)90 s (91) of , C (76) (TS) (T+) -' (2T) Nf ao ' saw- 17TH AVE. NO. P 1O •'oTfiCOD (T) ,nom :a. ly. .y fin• r• M&sr ia.n• Iw 93) 2 Zp f 29)I: 132) w 134195) (27) (28) : (30) p001 (73) Nr•N'ore ea. p': n . i wo' I 11' • 141 -4 A 7a.r1• N..x NL» la wl r N..P N..>, 9) (6) (7) (6)(5) _ (t) (3) (2) ( 5) it tE'Mr-E6. Sl ML-w!f-+rr. Y. 1 cAl y ' l I 7 I 1A.r _ WW I IU) ' ei. fi AR i '(m ° 2 l 'f tr). eP 15TH AVE . N0. U 3» 9 1 rr 21) tt f t In ' ) on ' s 10. • S I , f n (61 }• A x(39) (27) (78) : (29) n - (40) r "r 1. r 7 `; , r•.r . (I) I ({1) Y VE. NO. E 42) , t n..{I•. Q (e3) r f37) (31) (3i) I '4 - 44 cr r e t3 1 .r a[.. .'- I r e, •• r Le t ti p r r-1 __y ` A•p ' NI• T1 `. ( 51) I >. 1'rC11M ' 2 ' ' •' - i s Nie ,n 7° W. w m•• J' - d 47); p l.7) .o.rr• l55)0.,.• q 4' 1]tw xVE. JLAL k 1 ,.. .\\\.fin':.. •Oi_n-I --'f{-'{- ) 'y-I- - ''f) t;,,. . fid 1;•It) ) \,f_y n ,9r q I,• A!4 11 • /- 7V It, d t {1 190195' eES. • (wt GOVT LOT I StORW SE171'ER GiStF,C) BOun1C•:, CURVE 1 M1: , - , . ; AW®RWINJ *' W-11 e IBM Z4 M-10141 DILI 1 iftly V t9jIN PROPERTY OWNERS NAME: Aloysius Goblirsch PROPERTY ADDRESS: 5505 Vicksburg Lane North PID #: 05-118-22-44-0003 LEGAL DESCRIPTION: Metes & Bounds = 23.98 acres 1988 ESTIMATED MARKET VALUE: $150,400 1988 REVISED MARKET VALUE: $150,400 ISSUE: The 1988 market value ION: 15 No change. This property was inspected May 17, 1988. The records indicate the original home was built in 1931 which was a 1 -Story home with expansion up. There was an addition in 1976 of 16 x 28. Again in 1979 another addition of 262 square feet . Also a hay storage building was built in 1983. The original barn is in such poor condition we carry no value on it. There are 5 garages for animal shelter. Dwelling Style: 1-1/4 Year Built: Older Square Feet: 1,324 Aloysius Goblirsch 1988 Board of Review Page 2 The homes is in good condition and is well cared for. It has some functional obsolecence in layout and steep access to the unfinished basement. The land is rolling and used for pasture and hay. The breakdown for value is as follows: 1 acre with house $ 20,000 Structure $ 61,900 Farm Buildings $ 4,600 22.98 Farm Land 63,900 Total Market Value $150.400 The comparables indicate farm land without city services with usable buildings still are appreciating along with the rest of the real estate market. Comparable #3 was purchased strictly for the land and the house is to be razed. The land = 40.81 acres sold for $306,075 or $7,500 per acre. Land sales outside the musa line range from $4,000 to $11,000 per acre. Respectfully Submitted, Michael Carroll, CMA Appraiser 1988 BOARD OF REVIEW Aloysius Goblirsch MARKET COMPARISONS Camarable # 1 PID # 06-118-22-41-0002 & 06-118-22-42-0001 14.89 acres Address: 5705 Lawndale Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: 1 -Story & 3/4 farm buildings 1910 - Remodeled 1,369 145,000 August, 1986 Campaarable #2 PID # 04-118-22-24-0002 13.73 acres Address: 15325 County Rd. No. 47 Dwelling Style: 1 -Story part expansion barn Year Built: 1870 - Remodeled Square Feet: 1,194 Sale Price: $162,000 Sale Date: December, 1984 1 1988 BOARD OF REVIEW Aloysius Goblirsch MARYET COMPARISONS Ca parable #3 PID # 18-118-22-41-0005 & 18-118-22-44-0002 40.81 acres Address: 17830 Medina Road Dwelling Style: 1-1/2 Story Year Built: 1880 - Remodeled Square Feet: 744 Sale Price: $306,075 Sale Date: December, 1986 w p CITY OF SCALE OF MILES PUMOUTR 4 . 3,. Mn<TF RpSDwSF 818 o 8888°888 8 888` > 8 § 888 88§8€g Sbx;B-8 88 rF 88888868888 8 88$8 J I0 I sComp2 Comp 1 E 7 8 I gnl ow 17 i x rF . c Comp 3 _ a Cee ;` 20 2 = I =,• 23- ; y 2 4,.,- '56-- STREET 6-- STREET BASE MAP aE 15Eo L 16 1988 B. •. OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Randall & Amy Skaar PROPERTY ADDRESS: 1105 Evergreen Lane North PID #: 35-118-22-12-0035 LEGAL DESCRIPTION: Lot 2, Block 2, Hidden Lake 2nd Addition 1988 ESTIMATED MARKET VALUE: $82,900 1988 REVISED D'ARI= VALUE: $75,900 ISSUE: Randall & Amy Skaar purchased the property in 1987 for $77,000. Mrs. Skaar came to the Board of Review questioning her value of $82,900 and had some general concerns and questions about comparables used in valuing her home. RECONME NIDATION: First, it should be noted an error was made in calculating the 1988 estimated market value, the correct figure should have been $79,500. A review appraisal found that some adjustments to the characteristics and deferred maintenance of the property were necessary, and the recommended 1988 market value should be $75,900. Dwelling Style: Rambler Year Built: 1951 Square Feet: 1,151 Sale Price: $77,00 Sale Date: May, 1987 Randall & Amy Skaar 1988 Board of Review Page 2 After renting the subject property for the past 7 years, Randall & Amy Skaar subsequently purchased the home from a relative last year. Although a sale between relatives is not considered to be an arms -length transaction, after reviewing sales in the subdivision this is considered to be a fair market price on that property. A review appraisal was done on May 18, 1988. Prior to that the subject property was reviewed in the quartile of 1985. However, at that time the property was not entered. The just completed interior inspection led to an updating of the deferred maintenance of the home plus some adjustments to the characteristics noted on the property file. In addition, sales of similar properties in the neighborhood were looked at, resulting in a revised 1988 estimated market value of $75,900. Respectfully Submitted, Richard Zby, CMA Appraiser 1988 BOARD OF REVIEW Randall & Amy Skaar MARKET COMPARISONS Cc nparable #1 PID # 35-118-22-12-0030 Address: 1100 Evergreen Lane North Dwelling Style: Rambler Year Built: 1952 Square Feet: 744 Sale Price: $74,000 Sale Date: January 19, 1987 Ccuparable #2 PID # 35-118-22-43-0032 Address: 12 Forestview Lane North Dwelling Style: Rambler Year Built: 1952 Square Feet: 735 Sale Price: $78,500 Sale Date: February 28, 1987 1988 BOARD OF REVIEW Randall & Amy Skaar MAP= COMPARISONS Coifarable #3 PID # 35-118-22-12-0029 Address: 1110 Evergreen Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1950 916 81,000 July 22, 1987 zg 11.7 1. _VW COMP 3j Cl Ct, fY Im Ot II17 lM7 1 .1 i 111 i 71i s l2!1 17 PROPERTY UNIER.S NAM: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: Al Henningsgaard 9625 36th Avenue (Door Glass Company) 24-118-22-11-0007 & 0008 Lots 1 & 2, Block 1, Glen Erie Addition 1988 ESTIMATED MARKET VALUE: $365,000 1988 REVISED MARKET VALUE: $270,000 ISSUE: Mr. Henningsgaard stated his value was 90% more than last year. ION: An error was discovered in Mr. Henningsgaard's appraisal. Based upon a recalculation of the appraisal with the correction in the footage of the building, it's recommended that his valuation be reduced to $270,000. Respectfully Submitted, Scott L Hovet, CAE City Assessor A Building Style: Office Warehouse Year Built: 1966 Square Feet: 16,460 a PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: Tony Kroenke 18525 6th Avenue North 31-118-22-31-0032 Lot 31, Block 4, Ferndale North 1988 ESTIMATED MARKET VALUE: $198,100 1988 REVISED MARKT VALUE: No Change ISSUE: Mr. Kroenke stated Hennepin County lowered his value last year. His concern is that his home is on a poor lot. RECOMMENDATION: Based on the fact that Mr. Kroenke's lot value had already been reduced by $10,000, by Hennepin County, for the 1987 assessment and a current sales study indicating the property is not overvalued, no change in value is recommended. Dwelling Style: 2 -Story Year Built: 1977 Square Feet: 1,538 y- Tony Kroenke 1988 Board of Review Page 2 Mr. Kroenke's property was inspected and reappraised for the 1987 Board of Review and no interior changes have been made since. A lot inspection was made on May 19, 1988. Particular attention was given again to the size, shape and desirability of the lot. Hennepin County lowered Mr. Kroenke's lot value $10,000 for the 1987 assessment, thus an adjustment for his corner lot location has been made. The increase in total value from $188,000 in 1987 to $198,100 in 1988 was a 5.4% increase. This is the same increase in total value received by the other residential properties in the inuediate area. A sales study of homes in the Ferndale North area similar in style, quality, amnenities and smaller in size indicate sales prices in excess of the estimated market value of the subject property. Based on this information, it is the opinion of this appraiser that the $198,100 is a fair market value of the subject property as of the January 2, 1988 assessment date. Therefore, no change in value is recommended. Respectfully Submitted, Nancy Bye, CMA Appraiser 1988 BOARD OF REVIEW Tony Kroenke MARKET COMPARISONS Comparable #1 PID # 31-118-22-32-0057 Address: 18915 4th Avenue North Dwelling Style: 2 -Story Year Built: 1979 Square Feet: 1,332 Sale Price: $210,000 Sale Date: December 2, 1987 Camarable #2 PID # 31-118-22-31-0016 Address: 18415 5th Avenue North Dwelling Style: 2 -Story Year Built: 1978 Square Feet: 1,232 Sale Price: 205,000 Sale Date: August 26, 1987 a 1988 BOARD OF REVIEW Tony Kroenke MARKET COMPARISONS Ccaiparable #3 PID # 31-118-22-23-0016 Address: 18825 8th Avenue North Dwelling Style: 2 -Story Year Built: 1978 Square Feet: 1,432 Sale Price: $205,000 Sale Date: July 18, 1987 Conparable #4 PID # 31-118-22-23-0038 Address: 18850 9th Avenue North Dwelling Style: 2 -Story Year Built: 1982 Square Feet: 1,226 Sale Price: 208,000 Sale Date: April 14, 1987 g , I 8) A 1. u XL PROPERTY OWNERS NAME: PID #: LEGAL DESCRIPTION: ISSUE: Patrick Hallisey 4065 Quantico Lane 16-118-22-32-0009 Lot 21, Block 1, Plymouth Creek 1988 ESTIMATED MARKET VALUE: $146,500 1988 REVISED MARKET VALUE: $142,000 X19 Mr. Hallisey stated that he is protesting last year's valuation in court and would also like to protest this year's. Mr. Hallisey's 1987 estimated market value as set by Hennepin County was $142,000. His subdivision, known as Plymouth Creek, was not increased for 1988. Mr. Hallisey's 1988 value should be reduced to $142,000. He has been informed of this adjustment. Since Mr. Hallisey has filed a court petition for his 1987 value. His 1987 and 1988 estimated market value will be determined by the court. Respectfully Submitted, Scott Hovet, CAE City Assessor Dwelling Style: Townhouse Year Built: 1982 Square Feet: 1,438 Sale Price: $100,000 Sale Date: April, 1987 2 a i •,iia+ . • PROPERTY OWNERS NAME: Larry Derks PROPERTY ADDRESS: 11705 Bass Lake Road (Lakeshore -Bass Lake) PID #: 02-118-22-13-0024 LEGAL DESCRIPTION: Lot 8, Block 1, Asplunds Oakwood Shores 1988 ESTIMATED MARKET VALUE: $187,200 1988 REVISED MARKET VALUE: No Change ISSUE: Property owner believes his market value was too high due to the large increase in the lot value. RECOMMENDATION: Based on a reappraisal of his property, Mr. Derk's sale price of $209,000, and a current sales study indicating this property is not overvalued, and is consistent with comparable properties, no change in value is recommended. Dwelling Style: Rambler Year Built: 1977 Square Feet: 1,815 Sale Price: 209,000 Sale Date: October, 1984 Larry Derks 1988 Board of Review Page 2 On May 18, 1988 Mr. Derk's property was reappraised including both an interior and exterior inspection. This quality home is a large and well maintained walkout rambler located on the north shore of Bass Lake. The basement is finished with a large family room/recreation area, bedroom, exercise room, 3/4 bath, and utility room. The main floor consists of a living room, dining room, family room, kitchen, 3 bedrooms and a full and 3/4 bath. Amenities include 2 large brick fireplaces, central air conditioning, screened porch, vaulted and beamed ceiling and built-in kitchen appliances. A sales study of lakeshore homes on Bass Lake similar in style, size, quality and amenities was prepared indicating sales prices in excess of the market value of Mr. Derk's property, and that the value was well equalized. The study included homes in a variety of locations all around the lake, and a variety of ages and caliber. Three of these properties are included in the attached market comparison. In response to inflating sales prices all lakeshore properties on Bass Lake were increased +15% to their lot values for the 1988 assessment, in addition to the market value increases that were applied to all residential properties throughout the city. Sales of lakeshore properties on Bass Lake for the past several years indicate lakeshore values continue to increase at a faster rate than other residential properties. The 1988 values continue the "catch-up" to current sales prices of lakeshore properties. Based on the above information it is the opinion of this appraiser that $187,200 is a fair market value of the subject property as of January 2, 1988. Therefore, no change in value is recommended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser 1988 BOARD OF REVIEW Larry Derks MARKET COMPARISONS Comparable #1 PID # 02-118-22-24-0004 Address: 5815 Jonquil Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1968 1,288 195,000 September, 1987 Comparable #2 PID # 02-118-22-43-0007 Address: 11620 54th Avenue North Dwelling Style: Rambler Year Built: 1967 Square Feet: 1,352 Sale Price: 225,000 Sale Date: July, 1986 w 1988 BOARD OF REVIEW Larry Derks MARKET COMPARISONS CcnWable #3 PID # 02-118-22-43-0013 Address: 11540 54th Avenue North Dwelling Style: Rambler Year Built: 1970 Square Feet: 2,495 Sale Price: $260,000 Sale Date: April, 1986 1>r ry -S Ci~ •.if. 1 j tT` OI`JC tn r Ilu:w'"f-!' `r•• 211, r ' v f\ - tnl clef • / E: tlf lrrl o • p.fa 1 \ o y• 110I ,!. . '• „7r. _GOiM eyE t M •..r .nl — feel ....... i1..-..1M-... llrl lel`• Q' 8 3• s' e -.t! '! \ n lel 4` , , ' WORR I SOV' S l LAKE I f ..y q Yt 1•• . lT) Comp 1 111 1"O•. . . s t lel • Ll : jr' .., '7. a .. (Isl 11.1 t Isl I lei 7,1 + .. .(• 'Y''.. 1)) 1171 wi.r'. fy... •a' _ --' 64j.;.•r{ '-:l-' 1117 C 1 ` fA) • • t LAKEIAIf~s. .i.. ... /, t er• BASS K,1., r.Q70 ,::_..... 117. • } r.fr='''rr I ' j• IA, • tTl • Irel t eIH, lio>' w •~ , i$TiR AVE. N. 41 eJ.' • J [ (111 t IYI IA) 11'7 13f1 Jl.r•ul. I • , . 1 7w :. Ilol 1. f 1.1 w •r•.r 171'•, t . IJ 1117 1 JrrY { I ~' ,J, ii(n) , fir• 7J.•,'' .. 1'Y Comp 3 i COMP (.6 1:1 s.. r. •..... -- - • 111. • . f I lj - '. f!. }• . w... - _ -' `•i\ a 171 . 'e I to (:1R,.., .x r ' - eas " • i )11 4 er j11N ' r t • . 111 / ;.•'' i f.l.t •'1'+v_ e•e ~;r• ri•Zv'+ .i ' • Irl y.Jfe fl.t. Iw: e I i, lOT 8Ari. L'.,, GOVT. LOT 7 : GO I' jw cn Ln CD LLL j C) LU m V) 14 00 CD C? j j V) 00 41 0 CF) V) ul LL.V) Lu CD j I C-6 co cx tD 00 C) C) C=) CY) jw cn Y CD agim 00 CD C? CD Jr• CD 41 0 jw cn Y CD agim 00 r! 41 0 tD 00 C) C) C=) LO C) C) 00 LO 00 ryli CD......... p rw pp C) 00 Janr. GOOAS L00O C) 00 C:) 1.0 1 0 CD 0 z CO LO 00 CV) 0 4; NJliN s LO LD C:) LO O C) 1 Pr 00 n- Y 00 r! 0 00 LO C) 00 ryli CO 00 n- Y 00 00 n- X21 a• • -W.110M.14DAI, i i20N it PROPERTY OWNERS NAME: Gregory N. Bigot PROPERTY ADDRESS: 220 Forestview Lane North PID #: 35-118-22-43-0034 LEGAL DESCRIPTION: Lot 22, Block 2, Sunrise Acres 1988 ESTIMATED MARKET VALUE: $141,100 1988 REVISED MARKET VALUE: $136,800 ISSUE: Mr. Bigot believes the value on his property is too high because his neighborhood is older and not very desirable. REC '14ENDATION : Based on a reappraisal of this property, it is reconv ended to reduce the 1988 estimated market value from $141,100 to $136,800 recognizing the functional obsolescence of the property. Dwelling Style: Split Level Year Built: 1977 Square Feet: 1,804 Gregory N. Bigot 1988 Board of Review Page 2 On May 17, 1988 Mr. Bigot's property was reappraised including both an interior and exterior inspection. This good quality 4 level split has a full basement finished with a large recreation room, bedroom and 3/4 bath. The main floor consists of a living room, dining room, kitchen and family room. The fourth level has 3 bedrooms and 1 and 3/4 baths. Amenities include 2 brick fireplaces, deck, patio doors, central air and wet bar. The total foundation area of the house is 1,804 square feet. This is considerably larger than most of the homes in the immediate neighborhood and appears overbuilt for the area. (functional obsolescence). A study of sales of comparable properties in older neighborhoods indicate homes selling from $132,500-$149,000. Recognizing the functional obsolescence, it is recommended that the estimated market value be adjust downward from $141,100 to $136,800. Respectfully Submitted, Nancy Bye, CMA Appraiser a 1988 BOARD OF REVIEW Gregory N. Bigot MARKET COMPARISONS Ccnq:)arable #1 PID # 29-118-22-21-0008 Address: 17025 24th Avenue North Dwelling Style: Split Level Year Built: 1972 Square Feet: 1,399 Sale Price: 139,900 Sale Date: March 28, 1987 Camarable #2 PID # 32-118-22-41-0035 Address: 16015 4th Avenue North Dwelling Style: Split level Year Built: 1965 Square Feet: 1,235 Sale Price: 132,500 Sale Date: May 4, 1987 H y 1988 BOARD OF REVIEW Gregory N. Bigot MARKET COMPARISONS anparable #3 PID # 31-118-22-41-0028 Address: 520 Narcissus Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Foyer 1970 1,566 149,000 June 27, 1987 s CITY OF SCALE OFMILES PLYMOUTR M 3 m m ; m WaW Sa8W8 S. o" a HIM so m 4 W o8> a3: fa.=m.Wm m. >xa>>.m va=:s I.. .. -.. ...... .. .... .. ..• .. Y bio .:.y .. m m a n 7 B g J' s ,'• a a . T rE IN I 20. . yam` .2 - I Vii• 23- r,.•o , 2 8 I E • a' •\ _T jn a 4u mE J E - ii u' MEOiCIAL d —., LAKE ' Comp 1 t g o 25 CAKE • at ••` Aat 546 0 LdifE _ 5-..a vx N X 6-r. Comp 3 . p 2Com. wtocE oux. •vE + t uu STREET BASEMAP REZ. 22 PROPERTY OWNERS NAME: Peter Tysdal PROPERTY ADDRESS: 3005 East Medicine Lake Boulevard (Lakeshore -Medicine Lake) PID #: 24-118-22-32-0009 LEGAL DESCRIPTION: Lot 32, Registered Land Survey #333 1988 ESTIMATED MARKET VALUE $52,800 1988 REVISED MARKET VALUE No Change 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 mistakingly overvalued, and that the lot value is not justified compared to average values of average lots in the city. RECOMMENDATION: Based on a review of the appraisal, and on a current sales study indicating this property is not overvalued and is consistent with comparable properties, no change in value is reccma--nded. Dwelling Style: Rambler Year Built: 1945 Square Feet: 500 Sale Price: $25,000 Sale Date: July, 1986 Peter Tysdal 1988 Board of Review Page 2 On April 29, 1988 Mr. Tysdal came into our office to object to his 1988 market value. He stated his objections, at which time his questions were addressed, procedures used in estimating his market value were explained, and information was provided regarding adjacent properties. At a later date during a telephone conversation, sales data involving lakeshore property on Medicine Lake were discussed. For the Board's information, Mr. Tysdal tape recorded both conversations. Copies of the last 3 letters received from Mr. Tysdal addressing his objection also are included. Mr. Tysdal owns this property and rents out the home. He lives and homesteads the property adjacent to the north. Mr. Tysdal refuses to allow an appraiser on his property to view the interior of the home or the exterior. He was informed that it is impossible to properly and accurately reappraise his property without viewing it. In response to inflating sales prices, all lakeshore properties on Medicine Lake were increased +15% to their lot values for the 1988 assessment, and structure values were adjusted accordingly. Sales of lakeshore properties on Medicine Lake for the past several years indicate lakeshore values continue to increase at a faster rate than other residential property. The 1988 values continue the "catch-up" to current sale prices of lakeshore properties. A sales study of lakeshore homes on Medicine Lake was prepared indicating sales prices in excess of Mr. Tysdal's property, and that the value was equalized. TWO of these properties are included in the attached market comparison. Based on the above information it is the opinion of this appraiser that $52,800 is a fair market value of the subject property as of January 2, 1988. Therefore, no change in value is recommended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser 1988 BOARD OF REVIEW Peter Tysdal MARKET COMPARISONS Cariparable # 1 PID # 24-118-22-32-0010 Address: 2955 East Medicine Lake Boulevard Dwelling Style: Rambler Year Built: 1944 Square Feet: 500 Sale Price: 47,000 Sale Date: May, 1985 Comparable #2 PID # 24-118-22-32-0008 Address: 3015 East Medicine Lake Boulevard Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1938 788 69,000 December, 1979 This property is Mr. Tysdal's homestead. z GOV'T. LOT 2 1.1 0 s- 1149—'ft~ IS Ii i es), `• 31ST (zvt 22 1.0 Comp 2 1 P 2 ,. I` s In) m (a,) c?o) (46) t4.(r7 e t l ea) 2e) v i ` u1), ` (1st • Pq „ r, a (n) 1n si 42) 3r ) 4 A •. s. _ L•, t PG f . 4 P.! 170) PARI, 2 1 ., 13 hw1 ( I) n • (4t)) r e• wo. weD +A. m . +•, s JaL P • n ,.i (ZS) I 61) 191. 1 two 1(611f 17) 410) 11) •>o• 6 e p r di f v Jai 1.1 4-1 1 Or,t;. F. M,-dicine Lake P1v+ yiti 2y/.%o -Z2 2 occ Argun:=nt to recluf e prop:_:rty to ea --19,8,- eva.11..lation This property is cur-.--Ety valued at T62', 8r)O- Whten vc%i add in the 10% underassessment, t hi s r,ut';7 t.:.lE V a I U ', lE. "' r'ter rrii.ric' b t :"ie city, at approximately $50, 000. T Jere €:r,- a" lea.St t:'iree errors in the way its value has been ca 1 c1a 1 a.t.ed . First., tri i s property was purchased less than two years ago for £25,000. Visible Improvements made include painting and a new roof -approximately 2,000 worth of added value. The current valuation is now almost 2 1/4 times of the home's repaired cost, in less than a two year. period'. It should be pointed out that the city of Plymouth had the opportunity to purchase this property but apparently was not overly interested for they moved too slow and consequently lost out. Could this be the city's way of getting back at me? The next matter is the, misevalution of the lot value.. This lot has 53' and is valued at $33,000 while the lots at 3015 and 302b are 72' and 70' respectively, and. each are valued at $35,000. As you can see, these lot.r. are valued at pr ly 6% more despite averaging 33% larger, while their E.horel ine . in particular, is in much better condition. Comparing this lot to other lots on the East side of the lake also shows a large inc.:-)n •istency in evaluation. When comparing to Harty':.- 300' of share line valued at $85,000, the price per foot. -i's 2. ` time ,Fis exr,ensive. When comparing with the lot at. 30055 E. M~d4.j.in- Laky, Blvrl., 90' valued at. $20,000, you come u with a ,,r i. ,,. fc,ot- ;lmc,st. 3 times greater. The second major mistar:F iE, t'he cvee?ut cr. cif t:},, building. A good example of this i.s a cornpa.rison ttO '025 E. I."a-,iicine Lake Blvd., WhiCri has ap}=>rOXiMate] l' C.4:'1Ci' thesgl1, C "footage, yet the structure is valued at only 20% more. My last argument: is whether its Justified t assess the five remaining lake lots with homes, on the Fast side, at, the rate of approximately 6 1/2 times per square feat as coiap.red. to the cost of the average Plymouth lot. One must: consider the lack of parking, recently exacerbated by additional parking restrictions, as well as excessive vandalism in this area uncontrollable by Plymouth police. What is possibly the greatest injustice is the fact that the city of Plymouth demands we pay the highest taxes per square foot but chooses to deny us the right of full use of our land by their use of building codes and size restrictions that cannot be adhered to due to the small size of these lots. f - 19"A Peter Tysd.al 3 015 E. Medicine La.kf- Blvd. Plymouth, Mn. 55441 February 26, 1988 Dale G. Folstad Director, Property Tax and Public Records~ A-609 Government Center Minneapolis, Mn. 55487 Dear Mr. Folstad: I gust received Notice o. -OL Publication of Judgment concerning the above property. Shall I regard this as full response to my letter dated 2/13? 1 strongly urge you to immediately reverse this action, so as it will not affect my personal credit history, in turn causing me damages for which I I, will seek reimbursement from the county. kAnother matter, in need of address, is the method the county uses to obtain excessive property taxes; throuLh de.ceiptful practices. According to your assessing; department, property val.zes used for assessment are 80% to 90% of actual value. This 10% variance €lone tends to show both sloppiness in your assessing and resulting unfairness to,1 presume, half the taxpayers. The purpose of this underevalution is to cause mcany, probably the majority, to mistakenly believe their property i;; eit:,er fairly valued, or more frequent- ly, undervalued. This deters the uninformed taxpayer from contesting the evaluation because he is un --ware of any overvaluation due to the deceitful methods used to assess. and irds informs, the tax,:say -r . Many citizens would also be unwilling to contest any other type of increase in fear that it may cause the county to 'discover' the mistakenly assumed under evalution. To more clearly explain how this trick method of underevalution works would be to reevalute all properties by dividing the 80-90% assessment by 10 giving a market value of 8-9% of actual value. However, the county would then increase taxes per dollar by the same factor of 1.0, resulting in the same amount of tax revenue. However, clearly distorting the 'market value', in this manner, would inform the taxpayer that. 'market value' is only an accounting figure and not what it pretends to be. The 80-90% calculation is used to maximize the deception by understating the truthful figure to the point where the maximum number of people can accept their 'underevaluation' as only a relatively small mistake while they mistakenly think it is to their benefit. This practice must be preferably eliminated or clearly explained on the tax statement. How will you correct this policy now that it has been brought to your attention? The last matter, as mentioned in my 2/13 letter, is your department's use of hidden taxes whereas your department uses policies making it difficult to receive refunds due, such as my overdue abatement. Do you maintain your previous position in regards to this matter whereas you refuse to change your policy? Will your department implement a policy to notify taxpayers of all unclaimed refunds? Unless I again receive no response, this is the last time I will deal directly with you regarding this matter. Yours truly, Peter Tysdal Peter 7;k'.;d ... N!n 1--1441 Susan Mauderer Arse -sink DJ. v.L i on City of Plymouth 3400 Plymouth Boulevard Plymouth, Mn. bb447 Dear Ms. Mauder•er : Tc:, f 1lcw up ,ri our meetir.:g yestexda;, my po:_,iti.on is ttias both of my prop- erties, 301.5, and more, clearly 500`, E. A".ed . 'inF lake Blvd., are over valued. My main concern is that there several ohv'I.ou.-: errors in the way these properties have been valued. First, i:. t-T.t - matter c -f how the lake shore frontage was valued. Yo; 've. stu yot_ ll ,_ i;. ?r;'t• tahe exact measurements but guesstimated its value. This is wrong:. The only fair way of judging each property, especially since yol..i ,)lace• such a significant value on the lake frontage, is to use the e:xaot rae =-creme:;'.:_ in your calculations. Doing it this way will cleariy 1C'St a mise`Pr..,11_11"•1,_,i when cCir(Par'ing to the ad,joinging properties. As I had pointed out, 3005 has 5`" of frontage and is arbi- trarily valued at $32,000, while ,«1 hz:r 72' andel is valued at $35,000. A clearer example is 302`. which ! nF— W, 3'`:"more, but is only valued at 6% more. Furthermore, :302 1's• shore"-ine is 1.c•wel-*- and in better condition, thus more useable. At. Hdditict:al carr;:;arisoT: i._ to Harty-'s's 300' lake frontage, F; er bt.t• value1 a'_ ,, O;;C or {:r.lv a fraction Over 2 1/2nearly- times long _. , times 3005's value. As you can see, t:3lerct are e.Ftreme descrepencies. The next issue is the comTar•ison of the four, relat.ively miniscule lake lots, 2955-3025, averaging roughly Cs8OU s(t't.. anci $3_1'',,.250, to the now minimum 1.3, 500 sq. ft. lot averag ink' roug ply This makes our lake lots approximately 6 1/2 time, as exl-,ensive per square foot! This is despite the fact that. they require extra ma ntlinenanc_e frum ice damage (this is the worst side of the lake) and excess moisture. Are such extremes justifiable after considering other problems such as lack of parking, frequent vandal- ism, and 3005's high electric heating costs running over $1,000 per year? The last matter is the 'under reporting' of the value of my properties, and properties in general. You say that the lake properties are listed at 10% under actual value. Why? I have enclosed a copy of a letter sent to Hennepin County that deals with this but no response has been received. To reiterate, the crux of my criticism toward your evaluation process is that your system has fundamental problems that need to be corrected as they affect all properties. Your desire to enter: in order to 'fine tune' your appraisal is not necessary, as you have not previously based your evaluation on the inside of the dwelling but only from maps and records of the size and type of structure that exists. All I want., at this time, is for you to correct the obvious mistakes I have pointed out. There: is absolutely no reason to examine the interior of a dwelling to determine that one house has twice the square footage of another, or that one's lot size is very dissim- ilar to another's. To value them nearly the same is totally wrong. Yours truly,, Q Peter Tysdal PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: 1988 value increase Richard A. Meyer 14515 45th Avenue North 09-118-22-44-0012 Lot 10, Block 1, Kingsview Heights 2nd Addition 1988 ESTIMATED MARKET VALUE: $207,700 1988 REVISED MARKET VALUE: $198,500 23 RECOMMENDATION: Reduce value to $198,500. A reinspection May 19, 1988 indicates reduction for the following reasons: 1. The roofing over a second floor bedroom keeps pulling up for no apparent reasons. 2. The insulation in the crawl space area over garage is not adequate. 3. Improper site preparation for concrete work. 4. Other smaller agitating problems in workmanship were mentioned. Vol Dwelling Style: 2 -Story Year Built: 1986 Square Feet: Total living area 2,418 sq. ft. Sale Price: $193,000 Sale Date: May, 1986 a Richard A. Myer 1988 Board of Review Page 2 Mr. Meyer built his home on a cost + bases with Dan Bar Homes in 1986. The home is a very unique 2 story with many amenities reflecting the upper level homes in his area. In 1987 a large deck, patio, and central air was added and was indcluded in his 1988 market value. The total living area of this home is 2,418 square feet with an unfinished walkout basement. Mr. Meyers also submitted comparables which we discussed prior to May 10, 1988. All comparables are the in subject's neighborhood and built by the same builder. 1 is a smaller home with a small deck. 2 is larger than the subject with a 3 season porch and a 2 car garage. 3 is larger than the subject with a 3 season porch and a 2 car garage. 4 is smaller than the subject with a 3 season porch and some basement finish. Respectfully Submitted, Michael Caroll, CMA Appraiser 1988 BOARD OF REVIEW Richard A. Meyer MARKET COMPARISONS Ca parable #1 PID # 09-118-22-44-0007 Address: 14420 45th Avenue North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: Total living area 2,276 Sale Price: $200,000 Sale Date: February, 1987 Comparable #2 PID # 09-118-22-44-0027 Address: 14425 45th Avenue North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 'Dotal living area 2,668 Sale Price: $224,600 Sale Date: May, 1987 1988 BOARD OF REVIEW Richard A. Meyer MARKET COMPARISONS Canparable #3 PID # 16-118-22-11-0021 Address: 4400 Glacier Lane North Dwelling Style: 2 -Story Year Built: 1986 Square Feet: Total living area 2,768 Sale Price: $238,500 Sale Date: November, 1986 Ca parable #4 PID # 09-118-22-44-0011 Address: 14525 45th Place North Dwelling Style: 2 -Story Year Built: 1986 Square Feet: Total living area 2,165 Sale Price: $220,000 Sale Date: August, 1986 i t'.. .. t; ° o^ r1,) - r /' 1, , ( rl) • r ',. 16 L''^® • , ADD.'' TYRELL FIRST Jc, - •^`, wt Np. Soto i y . l5 •s t" S , CTt .J q Yt it tom;:.. ere,' Gj Jhs' Al te> ti) '• ` • O ;y a ?.; Je r _ _ i: • flit f to S) Comp 2 s• r P' l ! p I l i Comp 3 i: t=t.. .. .. r • I' 1 I=5 Imo`^ - •• `~ e I I kLl ON AVE tI tl i `•• I I l!` C w t_' ' y t l `s+ + a •= « R LL\- T fifty. -1 ilAitir1f • \7fr^_/ l :1 a{(' -•(sae '' 1 ;. ; r:ry - t ,. - •• ;•, . .ar ., • .. • ,)»~ x°;y ff It KINGSVI" t GK I ' E.W I Comp 4 ' • 4 AClTM AV ID 2 t'.. .. t; ° o^ r1,) - r /' 1, , ( rl) • r ',. 16 L''^® • , ADD.'' TYRELL FIRST Jc, - •^`, wt Np. Soto i y . l5 •s t" S , CTt .J q Yt it tom;:.. ere,' Gj Jhs' Al te> ti) '• ` • O ;y a ?.; Je r _ _ i: • flit f to S) Comp 2 s• r P' l ! p I l i Comp 3 i: t=t.. .. .. r • I' 1 I=5 Imo`^ - •• `~ e I I PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: Don Fraley 1469 Larch Lane North 26-118-22-43-0038 Lot 4, Block 1, Mengelkochs Addition 1988 ESTIMATED MARKET VALUE: $116,600 1988 REVISED MARKET VALUE: $114,400 24 The property owner believes the revised market value of $114,400 is too high compared to his neighbor's home, and because of the lot value. Based on a reappraisal of this property and a current sales study indicating this property is not overvalued, and is consistent with comparable property, no change in the revised market value is recommended. Dwelling Style: 2 -Story (No basement) Year Built: 1962 Square Feet: 1,671 Don Fraley 1988 Board of Review Page 2 Mr. Fraley's entire neighborhood was reappraised for the 1986 "quartile", at which time both the interior and exterior of his home were inspected. At that time additional depreciation was allowed for the condition of the home (deferred maintenance). Further depreciation also was allowed to compensate for the size of the large addition to his home, which is believed to be somewhat overbuilt for the house. On May 9, 1988, at Mr. Fraley's request, the exterior of his home was reviewed again for maintenance/condition problems. It was evident that the roof and the exterior paint required additional maintenance. Additional depreciation has been allcwe-d for this in the revised market value of $114,400. The adjacent house east of Mr. Fraley's property is very comparable, with the exception of the garage and room addition sizes. As noted below, Mr. Fraley's home is considerably larger and, therefore, has a proportionately higher market value. Garage Addition Total Bldg. Size Total Bldg. Value Lot Value Total 1988 ENV Subject Property 1469 Larch Lane 27' x 22' = 594 sq.ft. 25' x 31' = 775 sq. ft. 1,671 sq. ft. 92,400 22,000 114,400 Adjacent Property North1471 Larch Lane North 20' x 22' = 440 sq. ft. 16' x 16' = 256 sq. ft. 1,152 sq. ft. 76,700 24,000 100,700 The difference in lot values for lot size, location, and amenities is equalized within the neighborhood and is consistent with comparable areas throughout the city. Recent sales of homes without basements comparable in size to Mr. Fraley's property were not available. However, a sales analysis concluded that homes considerably smaller in size with basements, were comparable in value to houses as large as Mr. Fraley's home without basements. Four of these properties are included in the market comparison. Based on the above information it is the opinion of this appraiser that the revised market value of $114,400 is a fair market value as of January 2, 1988. Therefore, no change in the revised market value is recommended. Respectfully Submitted, Susan M. Mauderer. RES Appraiser 1988 BOARD OF REVIEW Don Fraley MARKET COMPARISONS Ccsarable #1 PID # 30-118-22-24-0041 Address: 18505 22nd Avenue North Dwelling Style: 2 -Story (With basement) Year Built: 1968 Square Feet: 832 Sale Price: $122,500 Sale Date: August, 1987 Ccaparable #2 PID # 30-118-22-43-0026 Address: 1430 Ranier Lane North Dwelling Style: 2 -Story (With basement) Year Built: 1964 Square Feet: 918 Sale Price: $127,500 Sale Date: July, 1987 1988 BOARD OF REVIEW Don Fraley MARKET COMPARISONS Ccaparable #3 PID # 31-118-22-14-0029 Address: 615 Narcissus Lane North Dwelling Style: 2 -Story (With basement) Year Built: 1967 Square Feet: 1,022 Sale Price: 126,300 Sale Date: May, 1987 Ccaparable #4 PID # 35-118-22-32-0019 Address: 405 Magnolia Lane North Dwelling Style: 2 -Story (With basement) Year Built: 1964 Square Feet: 1,064 Sale Price: $125,000 Sale Date: March, 1987. l1 X/p I CITY OF SCALE OFMILES PLYMOUTR 9-- ; RRrv•[E RO•Dmm o,a o oplifmSu. `;. m: W #:,. r.o<,m..x>: s> W ii:> o:": ', 3 8: >:i>>. m a oa a x. _ s<......... >':>>«» a ofie> ''>8 'ao8dia'n a>>o.S=` . :eon oo>Cc: `: `o a: gab8 g88884888m8$8888888gg8 888g88@8888888888882g8888'8888$88w8888888p6sG:`ss9R8& Y _ a 41 2• B.Sx nxF R xC v uI a _ U6ET .11 s 6 - - - 3i- = NOf...._.. _—.. Crtv xLL AVEILT vEt o ex. yJ m x AVE tg DO o [[ r W sW trx •v[ x rx 3 . .r • .. _ a a:s JNO•. Cnxf Comp MQDNEY , . F •. _i .•' yr h'f o i[ = Bsr- P6$ r, \ - 25- Comp 2 21 p 1 1-1 AD ix uKi.n[ " v ixEmwrx i .rx .v s w s m a 1 u•r - v[ Comp 3 3 ,Jras.x 56 a ,.• ij r.N.N[ Y m"j. o ag .[ DN Comp V 0. a . v ;!. u y 4.E, RID4EY T AVE,< y x : [[[N ' • t i J m w E STREET BASE MAP 9f':Y•rS.. •.:f9,:Sa I'. - •ut 3xYt 34 'Min IO All i, X GAI .G9 .G9, Al. .S9i •G9t N1Po '4 tJI' 1',IU 111Mf R R O Awt o a _ NO. 154 W a. • .« iia . : i'" :•a • ' fiY It t R ,RfE ... •P 9 ' 9w + _ - w N ,} V ^•` T 1.. 9 /. t d0 M S{ 9K _ ._.. ro Y` . p:, Q -' '; •e N.e ..fit;: •.. i. -_ - - - ! RL' • r'O 0 1~e v I".°'' + 1.^. _ ! N w, sh• y, y x.: - - - t9^ tt attt .v n `tr oy _biros / F;.. : .. , OSx - . C P:_ , •iU Y1 itjMYl Gi c' t•w . • a. .r. a . e .-- :, l^ :St .rl911N A •. 06 10_ l 3•iG .91.E S .G/-OAl m' s , . R '' .K CIS 8 •- G`_ a nom,• yt••t;•;, 'q tR .q. -Oi- - .. IKl .iii - - mmi S6 I ? Oi 457 --'-'-- P,.• 0 1S.W.Is 39t 2 5 PROPERTY OWNERS NAME: Jean W. Scheu PROPERTY ADDRESS: 1160 Evergreen Lane North PID #: 35-118-22-12-0024 LEGAL DESCRIPTION: Lot 2, Block 1, Hidden Lake 2nd Addition 1988 ESTIMATED MARKET VALUE: $98,600 1988 REVISED MARKET VALUE: $93,600 ISSUE: Jean Scheu stated the bank recently appraised her home at $90,000 and she believes that the $98,600 estimated market value from the City is too high. RECOMMENDATION: Based on a reappraisal of this property, it is recommended to reduce the 1988 estimated market value from $98,600 to $93,600 to account for additional physical depreciation. Dwelling Style: Rambler Year Built: 1962 Square Feet: 1,438 Jean W. Scheu 1988 Board of Review Page 2 Mrs. Scheu submitted a letter from TCF Mortgage Corporation, that stated an appraisal was made of the property for a mortgage loan and the estimated reasonable value of the property, as of October 17, 1986, to be $90,000. On May 13, 1988 the property was inspected and reappraised. This average quality rambler style home has a full basement with a walkout to the back yard. The basement is finished with a recreation room, 2 bedrooms and a 3/4 bath. The main floor consists of 3 bedrooms, a living room, family room, 1 and 1/2 baths, kitchen and eating area. Although a study of recent sales indicate sale prices consistent with the 1988 estimated market value of this property, it was apparent from the interior inspection that additional physical depreciation is warranted due to the below average maintenance. Recognizing this additional physical depreciation it is recommended that the estimated market value be reduced from $98,600 to $93,600 for the January 2, 1988 assessment date. Respectfully Submitted, Nancy Bye, CMA Appraiser 1988 BOARD OF REVIEW Jean W. Scheu MARKET COMPARISONS Ccsarable # 1 PID # 26-118-22-34-0033 Address: 1414 Larch Lane North Dwelling Style: Rambler Year Built: 1964 Square Feet: 1,133 Sale Price: $98,000 Sale Date: March 24, 1988 Ccaoparable #2 PID # 34-118-22-43-0014 Address: 105 Teakwood Lane North Dwelling Style: Rambler Year Built: 1965 Square Feet: 1,440 Sale Price: $102,000 Sale Date: April 13, 1987 a N M T- _ 1988 BOARD OF REVIEW Jean W. Scheu MARKET COMPARISONS Ccaq:)arable #3 PID # 35-118-22-31-0012 Address: 1120 Kirkwood Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1958 1,586 132,500 January 31, 1987 OOC o sioo xsoc reoo 00 p - pITY O/ SCALE OF MILES PLYMOUTI 3/4 11oRr•TE— J.. R m81.8 = 888011$# 8a€_ Q $ R c w I, o ,....E r, Yo ` r x 0cc s000- - - 2 I ' s'• 23- .mvm .'ac.«2 w¢ Y \ VIEW" 11 mqoNry zr x. • vf mze.. v - z ,., s MED/<.NE —__.. -__—. 2 iZ - - - - J .,. - P6g LdwE cors • ..eo. f c ` L •,1 3:,, m G 4 PdRrfFS Comp . < yI 2O q ' av` xv if 3( v i t Wr R R4`4 poi W ii''3}lA j' Comp 2 w xex 1.1-1 OUIT •Vf STREET BASE MAP REVISEDM=) p PROPERTY aMRS NAME : PROPER'T'Y ADDRESS: PID #: LEGAL DESCRIPTION: Chris Perrin 14460-14500 40th Place North 16-118-22-41-0022 & 16-118-22-41-0023 Lots 21 & 22, Block 1, Cedar Ridge 1988 ESTIMATED MARM VALUE: $120,200 1988 REVISED MARKET VXM: No change 2 6 ISSUE: property in December of 1987 for $97,500 and has some Mr. Perrin purchased theregarding the 1988 estimated market value of $120,200. concerns and questions reg RECCI gMMATION : The recogpe-ndation is that the value remain the same for 1988. Dwelling Style: Duplex Year Built: 1980 Square Feet: 882 Sale Price: $97,500 Sale Date: December 7, 1987 1988 BOARD OF REVIEW Chris Perrine MARKET COMPARISONS Ccarparable #3 PID # 16-118-22-41-0042 Address: 14310 40th Avenue North Dwelling Style: Duplex Year Built: 1980 Square Feet: 960 Sale Price: 68,900 Sale Date: July 9, 1987 CarIParable #4 PID # 16-118-22-41-0043 Address: 14300 40th Avenue North Dwelling Style: Duplex Year Built: 1980 Square Feet: 960 Sale Price: $68,000 Sale Date: December 9, 1986 LOT 41 LEFT SIDE UNIT LOT 42 RIGHT SIDE UNIT 0 1 16 22 PC S. 4 4i au 4 41 ii 4 is 4.0 4 4 M 1 4) 25) 26) 23) Cl - 0 2 1 R 33, 4) Comp 2 10) (9) 13) aa;e 40 H PLA I -Ow C 10) (9 g 63)- (64) IUOMP 3 Comp 4 62) 40TH p AVE. N. 1739THA si. 1i N, 4 1 6 66) Ise r3s ,5(J6)+b. row4S. 155) 69) 9 75 m rs 156) 4a) C AN R DGE 9 5152) 51) 0' Is 14 Hk 2) 5 75 t I rs n 11 z 39TH AVE. N. 4 (2) Ft MF 4 I5) JUL— 57) PROPER'L'Y OWNERS NAME: William Kingston PROPERTY ADDRESS: 4375 Ithaca Lane North PID #: 16-118-22-11-0063 LEGAL DESCRIPTION: Lot 6, Block 8, Kingsview Heights 2nd Addition 1988 ESTIMATED MARKET VALUE: $163,400 1988 REVISED MARKET VALUE: No change ISSUE: 1988 Market Value 2 7 RECOMMENNDATION: A reinspection May 19, 1988 indicates no change on this property. The home was built in 1986 by Olympic Construction with the owner doing the wiring. In 1987 a deck was added by the owner. All comparables are in Kingsview Heights 2nd Addition. They are all mid-range in size with small decks, without walkouts. Comparables # 1 & 2 have 3 car attached garages. The market and cost study indicate no change to this property. Respectfully Sutmitted, Michael Carroll, CMA Appraiser Dwelling Style: 2 -Story Year Built: 1986 Square Feet: 1,049 Sale Price: $158,924 Sale Date: May, 1986 1988 BOARD OF REVIEW William Kingston MARKT COMPARISONS Coapaarable #1 PID # 16-118-22-11-0061 Address: 14605 44th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: 2 -Story 1986 1,078 174,900 November 19, 1987 Ccoparable #2 PID # 16-118-22-13-0037 Address: 14855 43rd Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: 2 -Story 1987 1,064 171,300 May 13, 1987 i 1988 BOARD OF REVIEW William Kingston MARKET COMPARISONS Ccn parable #3 PID # 16-118-22-13-0047 Address: 4200 Minnesota Lane North Dwelling Style: 2 -Story Year Built: 1987 Square Feet: 1,108 Sale Price: $173,800 Sale Date: July 14, 1987 a'\ it {^\*JJy r e x ' pr 7D - i t ".1( • • -. A.°°•tb ' \ d' is 1R a' S'ii_-.y 1.01. • i \... ?64 Jf.•- 7sT- r. — _G.-- _Ilk Ic J. i , / {ar _ i,_ (,.:i U•; a ,I_ I t 4. i 5 a s N _'( i5) • ( 5 I l'T ' , !'• ( eY ( fl) ` t.6 i • E , -.' Vf 4`'i' ljzl : l=u so:: y _ . Comp 1 SOUTH 3 If r) I ls• t`- (s` Vii' 1 ` Q, ` s ( 1S) »• Wit. - ` • " •. _ a3RD , µ , too _ I a i I(19) OD (6) - (s) • Z Y . y ( g11 i by tar II 1 \ Q ; ZI l`e` - _ . . 6 (, e 2 ' : (N.) ,2 I 2• . \\k' 7 Y • ; AVE.t- J 33 43ND AVE „ . l7J' , S ( aa):, s r, : taz) t- , 3 t'• c (4e; /N )' AVE. Comp 2 (54)-+I T^:r\ 5 `)• ... • lZ3) r ` "` •i' •(47Z i« f': •OUTtO, v V i 46) Comp 3 N (10) (19) (fe) ( 2) yY• ; ` mss•' _ , l30) y e 2 _ •.. si' . us• . - ,••• , .. AVE. APOW Iy >t. r•- : It Mme. (?()) p (17) w smart ` 00 mo jYs1 ,( • L!^ •' 4.\- 5._ I. - ' E L .. • is e. •: .•.' R • I2?) »Zo141 'v1 Mt` 16) e7(J) J C•- pFv Q. 15)». 9) w '' __ __l• (24) _ (25) (26) R rna » i lb 0C ozi 1 u an n._$r•.m' r )as.Ir)1 i;, `•.lr• )i>' rj•_______ ar,•__ tr•P•71•f/ Ao. r• F y' f ... __ Pv s• p g-at..,•_---3L----s_lrr.-------------- g---- - --- - 5 N If , n 111! T•3 1 » n I17 . 26]9.(9• R(r. (It)_ ('Sl 1,s1 :_It,II trt_ _ All _ _ _II _ 3 _a- A 1 I ,•1 (»i (rrr (rJ lir.f 1. rn , wi 1rs, r].)?` O O o Q/ ry — — — — — — — — ST(A)N SEWER DISTRICT ElCtJNDARY 6P% Jf — . _ . u . — SUIOO( DICTRi_T BJUNDARY WAIFRSNED DISIRI,:I E3OUNDARY e) 10)1 ( 9) SUF+rE Y D HE 144111 PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: X28 t". .I 4R Pam Bruzek 14535 13th Avenue North 33-118-22-11-0038 Lots 7 & 8, Block 5, Suburbandale on Parker Lake 1988 ESTIMATED MARKT VALUE: $96,900 1988 REVISED MARKET VALUE: $93,300 ISSUE: 1988 Market Value. A reappraisal on May 17, 1988 indicates this property suffers a functional problem in the floor plan plus mismatched new carpeting in the living room. The owners built an addition on to the existing structure starting in 1980 with completion in 1987. Also, a blacktop driveway and entry area were added. I looked at a market analysis submitted by Merrill Lynch, however, some of the comparables used were inappropriate for the subject property. RECOMMENDATION: Additional depreciation indicates the property value should be reduced to $93,300. I am recommending the 1988 value be reduced to $93,300, reflecting current conditions of the property. Dwelling Style: Split Entry Year Built: 1972 Square Feet: 1,540 Pam Bruzek 1988 Board of Review Page 2 The comparables are all smaller than the subject but have additional amenities. When comparing the subject to the smaller neighborhood comparables the original value of 96,600 seems fair. But allowing for additional physical and functional depreciation which seems warranted, reduces the subject value to $93,300. In my opinion the cost and market approach indicate $93,300 as a fair market value for 1988. Respectfully Submitted, Michael Carroll, CMA Appraiser 1988 BOARD OF REVIEW Pam Bruzek MARKET COMPARISONS Carparable #1 PID # 33-118-22-11-0079 Address: 14600 12th Avenue North Dwelling Style: Split Entry Year Built: 1977 Square Feet: 1,183 Sale Price: 96,000 Sale Date: October 26, 1987 Ccoparable #2 PID # 33-118-22-11-0074 Address: 1115 Harbor Lane North Dwelling Style: Split Entry Year Built: 1975 Square Feet: 1,086 Sale Price: 92,900 Sale Date: May 9, 1987 1988 BOARD OF REVIEW Pam Bruzek MARKET COMPARISONS Comparable #3 PID # 33-118-22-11-0084 Address: 14506 12th Avenue North DoDlling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Foyer 1978 1,252 103,500 June 18, 1987 CaTparable #4 FID # 33-118-22-11-0066 Address: 1205 Fernbrook Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Entry 1973 1,034 90,000 November 15, 1986 22 9 D2 ll(') GOVT. LOT 3 GOVT LOT 3 PARKERS LAKE Arm h w l35) t Ir q•. 1 • So' ' 8 vv; 2 acsff-r•• 19D3.95 RES. I o' 1e'e r ,o ° • p y. 13, ? (p) .fl.rr• (55)•.t.• 4 p 131H AVE. U A ooc o lie. o,• __ _, - , 1 t t =' la)'' r ls'Q* 'M Y. n .p r , u (n ,t _ l>•1 - -'f - e - f 5 7 7 - - 2 `. ; r r i`. ;. ; 7 c n, , .'' • '. '+ ,f y - A , „ !'ARK LAKE 1' Att ,wd - F1 - t _ fl 9. .. (DRY ffD) 19611 AERIAL PWTDI ` w) b, u IS •~_=- 1.`1'5-IM ' 3 ,1_, ` II) , ( 1{ ` o 11: lee: 61) ( ) f!) r 1K11 w eirs r,m w)9 r - .y ( ) »' Comp 3 •1 AVE ,i 'rID.• 31_ IMI . Comp 1 ; ,., r 1 n, w • 3 2. ,m •, i,l st ad-.ntt i) 1l;.n OU 1I r f. w ;l .INI 1f _ O' N•' M P ii l lal f7r1 IA) , 1 y 1 a F• lr,l M ° Q—' Comp 2SHOWw le) n, t' 8 U « p , R yl rllr ••.7r NSHf1+ t 0. PLATS01) 1) A.f Yi1M IrtSTER R. I ' t• SEE DEEDS (89) BOOK 761 PG 85) 10) H NNE RP6H— • ' - ( 3) MO. AVE. -- Ls •i OT— a ti o ' a -, ra _ (n) Y Irn - 113) w fa r 6) 8 - A (311 (36) - 41) tb) - - 115) 3 33) _. (13) (39) - (16) - 6 , f w 4 . AVE. NO.:,` F( 17)l 15) r9Q1H11VE . - ( 31) - If) 10) ur. r - J r r 35) ro ( 12) - - 1191 s- - aR m.ro e c 19) 7 11) s ( 47) - - - 10 s. r. ..-a•R.1R. 37) 4.1516 Q NIL 3- lt b) 1m. ,3 1i1 ;q(1) ( 101 _ ----- 49--- OO f W__'-9 6.t ,f 3i ' 0D Q..i:A r9i, •• ( 9) ' 39) a•. t 8 - bD ( 151 'ltr ,g+) J el., C ry d Q 4. t..F _ (, f0), 3 8 to ae,: R ii 4La~'61 fit• s1; r d / uC ,,, _ s X29 PROPERTY OWNERS NAME: Donald Grieger PROPERTY ADDRESS: 250 Zachary Lane North PID #: 36-118-22-33-0001 LEGAL DESCRIPTION: Long Legal 1988 ESTIMATED MARKET VALUE: $116,600 1988 REVISED MARKET VALUE: $106,100 ISSUE: Mr. Grieger appeared before the Board of Review concerned that his value went from 98,000 to $116,600. He believes that his property does not warrant such an increase, based upon locational factors and other considerations. Mention should be made that the value on Mr. Grieger's property, along with several others, was calculated incorrectly as a result of computer error. The corrected 1988 estimated market value should be $107,200. RECOM`ENDATION: After reviewing the property it is recommended that the 1988 estimated market value be revised to $106,100. Dwelling Style: Split Level Year Built: 1968 Square Feet: 1,300 Donald Grieger 1988 Board of Review Page 2 Mr. Grieger owns a well maintained property located on County Rd. No. 73 (Zachary Lane). He believes some consideration should be given to his location due to the heavy traffic patterns in front of his house. He also voiced some concerns about the depreciation his property has experienced the past few years, such as the condition of the roof, water damage, etc. His property is located in a neighborhood that is very unlike typical homogeneous subdivision. It contains a great deal of diversity of property types, styles, and ages. Properties comparable to his are difficult to locate in this area. Sales of properties located on that stretch of County Rd. No. 73 are sparse, and therefore it is difficult to assess what influence the road has on property values. In the course of the review appraisal completed May 19, 1988, some minor corrections and adjustments were noted as the interior of the house had not been reviewed in some time. The property was last appraised for the 1985 quartile, but not entered at that time. Particular attention was given to the problems addressed by Mr. Grieger. In general, the property seems to be in very good condition, but experiencing normal problems for a home of that age. The review appraisal concludes that the revised 1988 estimated market value be reduced to $106,100. Respectfully Submitted, Richard Toy, CMA Appraiser 1988 BOARD OF REVIEW Donald Grieger MARKET COMPARISONS CaAparable #1 PID # 35-118-22-22-0032 Address: 12312 12th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Level 1972 1,391 115,000 January 30, 1987 Canparable #2 PID # 35-118-22-43-0014 Address: 11600 Ridgenount Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Level 1968 1,233 112,500 March, 13, 1987 1988 BOARD OF REVIEW Donald Grieger MARKET COMPARISONS Carparable #3 PID # 30-118-22-11-0007 Address: 17640 25th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Level 1964 1,286 113,600 February 8, 1987 rprt id ITITY CSF SCALE OF MILES PLYMOUT- YNiWTE 11WbnGr l!'. 1. 1. E'= - mWs''$.We:':.>>Wa$es=f 8 888$$gMpgy$ ax $sy4#oy# as fin$$# _ss$$seas==p== py$pys pysag$ge$$ u 8^ - g P P @ 4 C $ i i+ Z d- d- .$ n Y .. 9. 1 2 ` n; .. - n n m -, s$ X= - = 4 8 4 Q 4 5 4$ n A STREET BASE MAP REVISED PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: 0010j: 1 91 James Sentman 13510 Sunset Trail 34-118-22-34-0001 Long Legal 1988 ESTIMATED MARKET VALUE: $81,500 1988 REVISED MARKET VALUE: $75,700 30 L +1 ISSUE: Mr. Sentman stated his problem is with the adjacent property, the fact that the county has the lot size wrong, and the deteriorating condition of his home. He believes a value of $73,300 would be fair. RECOMMENDATION: Based on a reappraisal of this property, it is recommended that the 1988 estimated market value be reduced from $81,500 to $75,700, recognizing additional depreciation. Dwelling Style: Rambler Year Built: 1959 Square Feet: 1,288 James Sentman 1988 Board of Review Page 2 Prior to the Board of Review Mr. Sentman called our office to discuss his 1988 valuation notice. On May 3, 1988 the Sentman property was reappraised including both an interior and exterior inspection. At that time exterior and interior items of deferred maintenance and water damage were observed. There is no evidence at this time that the adjacent lot has caused any loss of value to Mr. Sentman's property. The fact that Hennepin County has .53 of an acre on his tax statement also does not affect the value we have placed on his property. Although a sales study of comparable properties in the area indicate sales prices of 82,000 and $88,780, it is recommended that the estimated market value be reduced from 81,500 to $75,700 to recognize the additional physical depreciation which is warranted due to the deferred maintenance. Respectfully Submitted, Nancy Bye, CMA Appraiser Ccmparable #1 PID # 34-118-22-31-0021 Address: 405 Zinnia Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1960 1,014 82,000 March 6, 1987 Ccuparable #2 PID # 34-118-22-31-0028 Address: 13830 Sunset Trail Dwelling Style: Rambler Year Built: 1959 Square Feet: 1,238 Sale Price: 88,780 Sale Date: May 3, 1987 1988 BOARD OF REVIEW James Sentman MARKET COMPARISONS r s I I p a r• _ 7loS. lS' IE3. I r _ Inv* 1M' f H'aa s 0 CARLSON CENTER + * e (S) CE TE o to2ADD F" 4`' f 4 l t6) (f ci < j to) Lot 0 + - o - (IS) { 4 1 < 17, I 6 YY cll) ' THIRD(wtl' a 6 a Qp W Zla g . A DD. 04J,. fa1 = r x t W M zz o) J 2 a SJ 3 Z x t. (IS) Comp 2 ; _w... u Com oaf) (i1) (7.) j = aj..-. j t ( N) BILL , 111)' It( IS) f t) \ fit POQ • \ I s tt r x 0.01 I ------- 451 LIT a ) f i) n r K r I' u James H. Sentman. 13510 Sunset Trail Plymouth, MN. 55441 P.I.D.# 34-11-8-22-34-0001 City Of Plymouth 3400 Plymouth Boulevard Attention: City Council Plymouth, MN. 55447 SUBJECT: Unfair Property Value and Treatment Dear Mayor Schneider, and Councilmembers: My family and I have resided at the above address have just recently contacted the city assessor to the 1988 estimated market value of my Property. BACKGROUND: 6 89fo' MAY 1988 w City of Plymouth 1 a/ since 1969, and consider reducing In 1986 the property adjacent to mine at 13522 Sunset Trail was purchased by Equinox Inc. The new owners obtained a demolition permit from the City and proceeded to raze the existing pioneer frame home at that address. I was not notified by the City that this action was to occur. The City Building Inspector had great difficulty in getting the contractor to comply with state law and city ordinances in regard to wells and utility disconnection. The water wells were originally graded over and left unsatisfactorily. The new owners had contacted the City Manager with the intent of aquiring the City owned outlot adjacent to the North, so multiple dwellings could be built on the combined parcel. The realtor of record continued to search for build to suit opportunities in 1987. AS of this date, I know of no new building permits or plans that have been filed for the parcel in question. This property used to be well kept and is full of mature trees, shrubs, and flowers of every description, and occupied by responsible neighbors. 1. The property is now not well kept, full of weeds, construction debris, and is frequented by unknown individuals who have been digging up flowers and shrubs at all hours of the day and night. 2. The owner of the property at 13522 may not be compelled to rebuild in a reasonable time frame with comparable construction. 3. The adjacent city owned outlot to the north is being used by HAUN Construction Co. to park Trucks & equipment and to store materials. Access to the property is via my only street access road to the east. 4. This winter Plymouth Police would not honor my complaints':to-clear or unblock unauthorized vehicles parked on my street access road and driveway entrance to the east. Response was " You don't own it, so you can't control it". It will cost additional money and much replanning to gain controlled access to public streets on my own land. 5. The Hennepin County Tax statement shows my parcel at .53 acres and my legal description area calculates to .49 acres. The error in square feet is larger than the area of my dwelling. 6. I have been financially unable to maintain my existing home and property in a market ready condition. continued it would seem to me that „hen demolition permits are issued in a wellestablishedexistingresidentialarea, that financial and otherenvironmentalimpactsareareality, not Adjacent property y just an imagined complaint. d pro ert owners should be notified in advance of razing andthatsomereasonableperformancecontractsareinorderto- ` Minimize impact to adjacent property ownersInsurethatalllocalandstatelawsarecomplied with in a timely fashicSecurestatementofusageintentandstructuralreplacementschedule Et-Reasonably preserve surrounding propertc.y values and rights of others In my case these objectives do not appear to have been fulfilled asapreplannedcourseofaction. It does not seem fair or just thathome/property owners should suffer as a result of an independant actsponsoredbycitygovernmentwhenitisnotamatterforeminentdomain. I am certain that none of you would like to have similar events takeplacenexttoyourhomes, and that a more community -orientated solutioncanbefoundforthistypeofproblem. I would really welcome and appreciate any assistance the the Councilcouldoffertoremedyorcoordinateajustandtimelysolution, towhatIconsiderareallyunfairdeal. Please respond as soon aspossible. Sincerely Yours, James H. Sentman CC: City Assessor 2- PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: Gary Urcheck 2825 Holly Lane North 20-118-22-32-0078 Lot 12, Block 3, Shiloh 2nd Addition 1988 ESTIMATED MARKET VALUE: $162,500 1988 REVISED MARKET VALUE: $162,500 L+2 Letter May 5, 1988. I talked with Mr. Urcheck May 18, 1988. We discussed his value and the appraisal process. I informed him I had reappraised his property on May 17, 1988 with an exterior inspection. That inspection, with market comparables in his neighborhood, indicates no change in his 1988 market value. He stated an interior inspection would not be necessary and would like to leave his option open to appeal to Hennepin County. RECOMMENDATION: No change in value is recommended. 3 Dwelling Style: 2 -Story Year Built: 1978 Square Feet: 1,481 Sale Price: $126,000 Sale Date: December 1, 1979 Gary Urcheck 1988 Board of Review Page 2 The cost approach indicates this property is not overvalued. The market comparables are all in the subject's neighborhood. Comparable #4 is smaller than the subject and built by the same builder, Ron Hockridge, a custom home builder. Respectfully Subnitted, Michael Carroll, CMA Appraiser 1988 BOARD OF REVIEW Gary Urchek MARKET COMPARISONS Ccnparable # 1 PID # 20-118-22-32-0073 Address: 17130 29th Avenue North Dwelling Style: 2 -Story Year Built: 1977 Square Feet: 1,350 Sale Price: $161,000 Sale Date: May 26, 1987 Ccuparable #2 PID # 20-118-22-32-0052 Address: 17420 28th Avenue North Dwelling Style: 2 -Story Year Built: 1976 Square Feet: 1,539 Sale Price: $169,000 Sale Date: January 17, 1987 I 1988 BOARD OF REVIEW Gary Urcheck MARKET COMPARISONS Cceparable #3 PID # 20-118-22-32-024 Address: 3010 Kimberly Lane North Dwelling Style: 2 -Story Year Built: 1977 Square Feet: 1,522 Sale Price: 185,000 Sale Date: September 30, 1987 Comparable #4 PID # 20-118-22-32-0067 Address: 3040 Holly Lane North Dwelling Style: 2 -Story Year Built: 1978 Square Feet: 1,420 Sale Price: $170,000 Sale Date: April 28, 1988 Builder: Same builder as subject paQ / I6E;_6L' act , 7) s s I la1l f6.1 rn is 13 wr I oI. (16) .m' sae•n•N•. p00' Cp111p=' a. •n'N• S 7•) l75) 4i a s lar; a lIt) 17 12A1 : '• - 9 g l67 Od) n17) V, 9 • (65) 46,4' i 16' 111) 7 1191 l6S) ... `7 I ( L. - 11 t sr •. _ t .• t - .. f . 2) (t) Vl.1101 [ + (13)" ' ,s +. e _ a d' \ '•+ r (6t y y •' r 176\ >>. fY)+ • lN)v (16) .• „ 10 S,• 1 e9) a . C0111{1 3 ) sF~ i}) ( 7) fip (77>' . 66 t69) yao - 115) q. ,\°., k. a, u 4 ;s es. ys o '751 i . s in •A : q jIes l 291 eaM 5 s (70) y,$ - (591 _ l60) OS) a 'y t to 7,' IB7i' t - N bac? •a ro.00 ^ - •y IeSI n$ l•0) - s72.000 90) "' tU1 ( e)1 r'se. - , n•_ a, '0 r•tr e•[ ,ew•e•e ro , yb. 8' ' 2•:. , .{ 6r . - ms.'a (46) a t• ash. 8 s u A RSI LD 441 n7).8 ra•«. ^ : _ (•7 )' (..) .c • l•p. . r -„ i70) - n.., ,t (e7) 9 (41) Ix— CoTnp 119 1 s } 46 AVL y 8, _ RTaT . T)l.• ;?1) ' 1161 c o o• .:sof a I re2 (51 b\ .d ° ^ ,>• (.9) _ l9) _ (t 1 t A dr re - dt. - 4 ,.. r e 8. ••b S, , y d _ y 10 d Q. 141 7S _ 1 •,, M • _ "I (36)"'^R J(75). ,o 'r' ( SO) 31 77 ' p.. p• y 17) Ia„ ylaj () e7) 8 e •, . •a s a (121 i ym` v . RDm79) y I (SI) (7)•L \, sES y `*'t t` ; wt 8TH :a.p°.• Zi See';,'!'•'',~ R t79) : 'y f,• ° n ' Nm - i++-{, - .(e91 , o -_ e :B) 9 .;` •.gyp n. ,t.'aY t53) (52)(4)0J1! Comp 2 SIE o , ° ; 8 ,., °a $ (s) e.x 511 J•' tAa) 9or .. o (961 ,• e•,ot,a.I , ee•,rt P - yZ i A e •.' ya46 (91 \'aby 10 1 °,b '50 /•Fi `A) a 1 ( 66) - 19) ! r,p) _(11)R (12) i2 N . + •,' 9'!?'S A+ (C: ' w ; 6;. &.,• - yy- s A}; . er(14) :$ (j.. e o r • ex S 9. oe o. TSi'-.e7•. c e i e.,\ a. rb. •~ I1I ntel, 'ae • '0U (73) t)1 „ \ 4 4' y`s s ,Gt•.. qt '>, , a'l65) y A 7r G e '•A' IIS) _ E7; st(6e) IA - 16Ei8 , w 8170) (7) o 7s,t tt - 77 161 1 .y ^k3yR' (u1 - • n . ` ` f 3i) 9f n s - (70) D o l7 it 5) Z t7e 4 q',...,,'6 k'' ( 1e) z teR 2is -!( Uj - t', a` ---v.p`5a -a,: .C•_ _ (.) _ t 6a g l' 70 S) N.» a I70') es ., ,A. , t9 m,9+ s l27)6) 6) 5: t5 Vt.' r,, o a\$ r 1 8 si8 yro' O 76) (79) eo• K --t'o a Itg(26) t DO y 52 40) Ir .•D se •. S+'1E'.. ) ,1) a°' 1 , 7 fir' (C: 2 ) ro, r tlli _ ws erai O baa o k - lir Z. & -,.•p•[. 19 R w Op45) a : 171 .os P . .`,, , eA, b °9 8 (.6) p+ ••$. ' ' - p' _ •i•6 k649, t • 1 '., "r o`,'• o. •° d , "I ` 1 l9) \ ti (' 9)- , C tilt iS: _(`50' (, ' :'_9 T (691 it ( 47) Je 10) '` 'yam .. V' (S+) i ,» seg a . I + ` _ ' y 55) Ss --_ •' e d s: n ay.a c ; 791 r, (b) : , )• ^^ i 71' (77'• `G F/ 5i r!' f • " ro (c9 7 s z h •s fiOYr 16• `. 77• i• et•a'n.al no' J ' \-, (561 eti ' lp)Yr ly,l~ IW) l9, t••' `ti J ear;~ ry; ,. s• a s: r. n s• 9 ioS ee a7 4 i ,m 4 r May 5, 1988 Mr. Scott Hovet City Assessor CITY OF PLYMOUTH 3400 Plymouth Blvd. Plymouth, Minnesota 56?8910 MAY 1988 City of Plymouth 55447 SUBJECT: 04-i1ff--2 32 0078 Dear Mr. Bovet: 2 Z 2 I am writing to formally appeal the recent 1988 estimated market value of my residence per your valuation notice received May 1, 1988. Your office has explained the normal percentage increases during the past two year period and the relative comparison of similar style homes and lots. I have traced the sale of homes similar to mine during the past few months, homes sold in the Plymouth area, and find that the assessed value indicated on your notice is considerably higher than these homes. I will be unable to attend the May 10th Board of Review meeting, but I would like to have this matter audited and or reviewed and properly adjusted. You can reach me by mail or my work telephone is 546-1311. Sincerely, Gary Ullrcheck GU/j g Gary Urcheck • 2825 Holly Lane • Plymouth, Minnesota 55447 9 (612) 473-7499 R L+3 PROPERTY OWNERS NAME: Thomas & Patricia Dalgliesh PROPERTY ADDRESS: 4825 Orleans Lane North PID #: 12-118-22-22-42-0014 LEGAL DESCRIPTION: Lot 5, Block 2, Nathan Trails 1988 ESTIMATED MAP= VALUE: $136,900 1988 REVISED MARKET VALUE: $130,900 ISSUE: Thomas & Patricia Dalgliesh purchased the property in February, 1988 for $125,000. They believe the 1988 estimated market value of $136,900 is too high, and their property does not warrant such a value, approximately $12,000 above their purchase price. RECOMMENDATION: A review appraisal was done on May 18, 1988, and from the information gathered on that date it is recomnended that the revised 1988 estimated market value be reduced to 130,900. Dwelling Style: Split Level Year Built: 1980 Square Feet: 1,362 Sale Price: $125,000 Sale Date: February 26, 1988 Thomas & Patricia Dalgliesh 1988 Board of Review Page 2 The subject property is a very nice 4 level split located in Nathan Trails. One of the problems in marking this property is that it may be somewhat over -built, as far as quality is concerned, for the area. In fact, it may be one of the better homes in the subdivision. The 2nd level is nicely finished with many quality amenities such as a finished family room with full wall fireplace, wet bar, built-ins, and 3/4 bath. However, the inherent problem is that for the location the property is hard to market and was listed for a lengthy period of time before selling. Upon reviewing the property, an adjustment to the grade of the property was made resulting in a revised estimated market value of $130,900. Respectfully Submitted, Richard Toy, CMP, Appraiser 1988 BOARD OF REVIEW Thomas & Patricia Dalgliesh MARKET COMPARISONS Ccuiparable #1 PID # 14-118-22-21-0039 Address: 4340 Jonquil Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Level 1983 1,352 134,900 April 5, 1987 CwWable #2 PID # 11-118-22-22-0015 Address: 12605 54th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Level 1981 1,406 134,000 July 7, 1987 µ Y.. e 1988 BOARD OF REVIEW Thomas & Patricia Dalgliesh MARKET COMPARISONS Ccuparable #3 . PID # 11-118-22-43-0025 Address: 4480 Forestview Lane North x Dwelling Style: Split Level Year Built: 1982 Square Feet: 1,122 Sale Price: $135,300 Sale Date: February 18, 1987 Ccoparable #4 PID # 12-118-22-43-0024 Address: 4715 Quaker Lane North Dwelling Style: Split Level Year Built: 1983 Square Feet: 1,369 Sale Price: 134,000 Sale Date: April 7, 1987 ELM 1 4 W-4 J r0pr )ITV n r- 04t w- SCALE OF MILES PLYMOUTH- _ -: Z S,. S- c aya '.a_ ,: .»soaa.We m. e°.'. Q `$Rf'msa 8 8 8 8 @ S# a#ao$ 1 AgA A 8 8 auras s est s4 Z8 &11 STREET BASE MAP ..,,-SE.-,-. PROPERTY OWNERS NAME: FID #: LEGAL DESCRIPTION: ISSUE: SunValley Mobile Home Park 10700 10th Avenue North 36-118-22-23-0019 & 0021 Metes & Bounds 1988 ESTIMATED MAP= VALUE: $495,200 1988 REVISED MARKET VALUE: $390,700 L+4 A letter has been received from Northwest Real Estate Tax Consultants, Inc. regarding the 1988 value of the above described property. Mr. Ronald Heskin was the property tax representative that contacted me about the Mobile Home Park valuation problem. RECOMMENDATION: After a review and considerations for values per square foot of surrounding land, the 1988 estimated market value for these parcels should be adjusted from $1.50 to $1.15. Mr. Heskin has been informed of this adjustment and agrees with my conclusion. Respectfully Submitted, Scott L. Hovet, CAE City Assessor Dwelling Style: Mobile Home Park Year Built: Vacant Land Square Feet: Vacant Land Sale Price: $700,000 Sale Date: June, 1986 L#5 PROPERTY OWNERS NAME: Robert Putnam PROPERTY ADDRESS: 10813 48th Avenue North PID #: 12-118-22-32-0023 LEGAL DESCRIPTION: Lot 7, Block 4, Skyline Hills Unit #1 1988 ESTIMATED MARKET' VALUE: $89,000 1988 REVISED MARKET VALUE: $85,000 ISSUE: Mr. Putnam's letter stated he believes the 1988 estimated market value of $89,000 is too high because of the water related problems he is experiencing on his property. REQ ION: Based on a reappraisal of this property, it is recommended to reduce the 1988 estimated market value from $89,000 to $85,000, to account for additional depreciation and the water problem. Dwelling Style: Rambler Year Built: 1964 Square Feet: 1,300 Robert Putnam 1988 Board of Review Page 2 On May 17, 1987 Mr. Putnam's property was reappraised including both an interior and exterior inspection. Mr. Putnam's lot is located at the bottom of a very steep hill and suffers from a water runoff from the street. Particular attention was given to the current condition of the home and the miscellaneous water related problems of the property. A sales study of homes in the Skyline Hills area indicate sale prices of $92,000 and 98,900. These properties are located on top of the hill and have not experienced the same water problems as the subject property. Based on the above information it is recommended by this appraiser to reduce the estimated market value of $89,000 to $85,000 as of the January 2, 1988 assessment date. Respectfully Submitted, Nancy Bye, CMA Appraiser Ll 1988 BOARD OF REVIEW Robert Putnam MARKET COMPARISONS Con parable #1 PID # 12-118-22-32-0017 Address: 11021 48th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1960 1,599 92,000 February 14, 1987 Ccniparable #2 PID # 12-118-22-32-0019 Address: 10913 48th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1956 1,232 98,900 April 25, 1986 f.` s_ ' 1p L.A. f+'ryt 2)21612.W' 26t2. 60' RES. LL D r 2613.97' A10ICI4 I>..,p.. A. {' 2 , N, rt .. loo, Ma •,c, Ar -f b .. ... rq. , (111 r Z 12) Is I ) .) - < I .411 _„ ,1`N (v) („ a ti JLIQ , l N Z •... :. : r4„ 1:" 49TH 12) • •,.,, I c a 2) q 129ID O . Y ) • ) (11) p d ) w •, AV - 74 19> G,., - (iu - ci2) - z3 : Il• r.2 b. • . Z t Els 0-0, Y ` . t..t• , r.rt 't • IY11 T ./m' AY' n 't2i) Z20 )` (9) ` r 1 1 r 1 i`1 ISL * 7,•. t' . ,?)i' " M' •. I I/ A ' . fir. i. ` ? II l / yl • ! A I,I •• I. sI `` f1t1 ^ I•. • . H' Itl. I' ' 1 til / r ! h !r •-.. ., I1.7 . _ H (77 14 6(ai tl »r.• LL e)• l r)" R(30) • I) -(16) 88 ,. - i'.I 2 i rt r, N _ J. T (79> p I 171 - f L, 13 lres 1 •( ftl N („ 3 ti 4 5 ; (11 T - mi' • S (36) \`{ ry _lli.! .. ,. rj, w. 1.1 r. , , t lirl fAi "•° q-7 t r 4• { a rlt:: , • l`, s 3 .,.m ° iil ` 1 ° r' lz t1 ) $ a- -(o)_ c3B)' . A • woo 9 AVE: No-'— . 1 1 G r , 77 24 isl 2 11 -11 60 1 .. 10•al ,t `• . -j) 3. ' ! _ `•ISI *I • : • 1 , t fill611 $ POO K r ' ,.. la,•,. ..,15 ., b 23 L 2a •r . 1, •' ` } r 4 .,. (4).1 zz. tv a,r P' tt)13 M1y (. l , . '. h7r°t ` X25 I` 2 (S) t -<Or 2 I L,I .5• 21 J , 11 1.1i ! u j\ 12 2 irlw • t l ± •• tYt 17 (Z ,. YY < 26 iSJ a •,•. A , rtt tf. C —1 a ? 1 11 ; 1 't^~ • ti.i aj 27 a, : IM 31 '• ,.p •'S + ` t.tt e AI (1V,1 -,.. ( . x!)16 ' _ j ' _ !0 . i • 10 a ww 1t'. '•`0')5 el. ...' 1r 6 i -* w Il> - 2B -5— 5 t , r {, • % ! (Sa, t (911 s" 3 + IwIl. , 6 9 • 9 r'4 _ ._ -4 l.r n b u / i' R.• 1L y t 777T` tµ * /•, v ( ur ore ..w a 4 ! Irs% i - — - -- t v• ( a '4S' ("' ty' . (sO -) I \Sol r r b•,o •. t 1 yr+ • i°t . 3 \\ {, 7 6 9 10 47 Iv /IJ t Imo• 2 1„) L. tw <T s .. , e,,, fl ni p `• M\ 6 \V 9 , 10 :1 11 1 1 (s7 r rl 1111 N„ . ..r q )r• ' e " q,T `T 6 men' 2619.69RES. i a Ib1• PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: giMLOWGRAMN111 ` • Mike & Julie Rowe 3005 Kilmer Lane North 24-118-22-41-0040 Lot 1, Block 1, Devries 3rd Addition 1988 ESTIMATED MARKET VALUE: $146,900 1988 REVISED MARKET VALUE: No change L+6 Mr. and Mrs. Rowe feel the increase in valuation and the taxes are too high and would like their valuation reduced and their property tax rates put in line. RECOMMENDATION: Based on a reappraisal of this property and on the sales study of comparable properties, no change in the estimated market value is recommended. Dwelling Style: Split Level Year Built: 1985 Square Feet: 1,675 Mike & Julie Rowe 1988 Board of Review Page 2 On May 1;3, 1988 the Rowe property was reappraised including both an interior and exterior inspection. This good quality walk -out, 4 level split home has a full basement with approximately 70% finished with a large family room, bedroom, office and full bath. The next level consists of a kitchen, dining room and utility room. The 4th leve]. has a living room, 3 bedrooms and 2 full baths. Amenities include a fireplace, a large deck, patio doors and central air. Part of the increase in the value to the Rowe property, for the 1988 assessment, was the imprcrvement of the finished basement and the large deck. A sales study of homes similar in style, quality, amenities and smaller in size indicate sale prices consistent with, or excess of the estimated market value of the subject property. Based on this information, no change in value is recommended for the January 2, 1988 assessment. Respectfully Submitted, Nancy Bye, CMA Appraiser 1988 BOARD OF REVIEW Mike & Julie Rowe MARKET COMPARISONS Comparable #1 ` r PID # 11-118-22-23-0009 Address: 12540 50th Avenue North Dwelling Style: Split Level Year Built: 1984 Square Feet: 1,416 Sale Price: 155,000 Sale Date: May 12, 1988 Comparable #2 PID # 34-118-22-11-0046 Address: 1110 Sycamore Lane North Dwelling Style: Split Level Year Built: 1984 Square Feet: 1,484 Sale Price: $170,000 Sale Date: August 13, 1987 0t 13 1988 BOARD OF REVIEW Mike & Julie Rowe MARKET COMPARISONS CaTparable #3 PID # 01-118-22-33-0060 Address: 10930 55th Avenue North Dwelling Style: Split Level Year Built: 1984 Square Feet: 1,673 Sale Price: 150,000 Sale Date: November 11, 1986 Caaparable #4 PID # 14-118-22-43-0058 Address: 11715 38th Avenue North Dwelling Style: Split Level Year Built: 1977 Square Feet: 1,387 Sale Price: 148,000 Sale Date: March 21, 1987 t 4 CITY OF SCALE OF MILES PLYMOUTH- NME zro,Oxn AA A, wp,-. c a3sos- . r 0 - .< ...>>.:o' r8!H, go &8##@ass A#8'os s8gsgmasaaaossas8 s i r, Comp 3 s Comp Nk Comp 4? I ort - 31 T, AVE"> l tt.ALL r"AVE s i AVE 20 nx z[ [ n Ell. A. NO MQONEY ' • , x ' - z' NO 25 - A A. LAIC s w ,• j\ x[ p xR NASA— W ib My z AES Px l RIRKERS xv E b r Viro AAT IN A viii«vv wtx x[rx i " AVE ut Comp 2 T.[ xo 1a c« t r' f A w.W NAt[. t ly "' oSS E 11. r,tox uA a x t re , xiDOExOUxr AVE z[v[x n STREET BASE MAP REVISED f f PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: a •,iii.• • Equitable Life Assurance Society 1005 Berkshire Lane North 34-118-22-22-0015 Lot 1, Block 1, Carlson Companies 3rd Addition 1988 ESTIMATED MARKET VALUE: $3,305,000 1988 REVISED MARKET VALUE: $3,305,000 L#7 A letter was received from Mr. Michael Crane regarding the 1988 value for the above described office warehouse. RECOMMENDATION: After review and further consideration with regard to the additional information sent by Mr. Crane, it's recommended that the 1988 estimated market value remained unchanged. This proeprty has been under Minnesota Tax Court petition for the preceding two assessment years being 1986 and 1987. Due to the complexity of the appraisal process if any adjustment is to be made in the value it should be done through the court process. Respectfully Submitted, Scott L. Hovet, CAE City Assessor Dwelling Style: Office Warehouse Year Built: 1980 Square Feet: 125,280 Sale Price: $2,771,000 Sale Date: January, 1981 PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: L+8 Park Place Apartments 14300-14605 34th Avenue North 21-118-22-11-0003, 0004, 0005, and 0006 Lots 1, 2, & 3, Block 1 and Lot 1, Block 2, Park Place 1988 ESTIMATED MARKET VALUE: $21,743,000 1988 REVISED MARKET VALUE: $21,743,000 The law firm of Flannagan, Bilton and Brannigan in Chicago, Illinois are the legal council for Balcor Management Services, Inc. They are in the process of furnishing me additional documentation as to the income stream for Parkplace Apartments. Since all the information I have requested from then has not been furnished, I am asking that the value remain temporarily unchanged or unadjusted for 1988. RECOMMENDATION: Since I have not yet received the pertinent data as it relates to their opinion of the 1988 estimated market value, I am recommending no change at this time. Respectfully Submitted, Scott L. Hovet, CAE City Assessor Building #1 12/3/86 I>,velling Style: Apartments Year Built: 1985 Square Feet: 896,000 Sale Price: $18,344,000 ale Date: November, 1985 L#9 PROPERTY OWNERS NAME: Sharon M. Brotten PROPERTY ADDRESS: 1175 Evergreen Lane North PID #: 35-118-22-12-0037 LEGAL, DESCRIPTION: Lot 4, Block 2, Hidden Lake 2nd Addition 1988 ESTIMATED MARKET VALUE: $80,100 1988 REVISED MARKET VALUE: $68,900 ISSUE: Sharon Brotten's letter dated May 10th, 1988 states she purchased the property for 46,000 and closed on the property January 21, 1988. She states that the house was very run down and she is appealing the market value on the property. RECOMMENDATION: Based upon a reappraisal of this property it is recommended that the 1988 estimated market value be reduced from $80,100 to $68,900 recognizing additional depreciation. Dwelling Style: Rambler Year Built: 1952 Square Feet: 934 Sale Price: $46,000 (cash) Sale Date: NovenUer 20, 1987 Sharon M. Brotten 1988 Board of Review Page 2 This rambler style home was built in 1952 and has 934 square feet of living area and a 12 x 14 screened porch with a tuck -under garage. In 1979 a 26' x 38' detached garage was built on the property. A study of recent sales of comparable properties in the immedidate area indicate the purchase price of this property at $46,000 to be extremely low. On May 10, 1988 Ms. Brotten's property was inspected and reappraised. The house is currently being extensively remodeled. New insulation, sheetrock, flooring, kitchen cabinets and all new plumbing have been put in. Some of the doors and windows have also been replaced. Photographs taken of the interior of the home during the remodeling indicate below average maintenance and the need for updating existed on the property for the January 2, 1988 assessment. Recognizing that additional physical depreciation was warranted for the January 2, 1988 assessment it is recommended that the estimated market value be reduced from $80,100 to 68,900. Respectfully Submitted, Nancy Bye, CMA Appraiser 1988 BOARD OF REVIEW Sharon M. Brotten MARKET COMPARISONS Carparable #1 PID # 35-118-22-12-0030 Address: 1100 Evergreen Lane North Dwelling Style: Rambler Year Built: 1952 Square Feet: 744 Sale Price: $74,000 Sale Date: January 19, 1987 Ccm%parable #2 PID # 35-118-22-12-0035 Address: 1105 Evergreen Lane North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: S i Rambler 1952 1,161 77,000 (sale between relatives) May 29, 1987 1988 BOARD OF REVIEW Sharon M. Brotten MARKET COMPARISONS Carparable #3 PID # 35-118-22-43-0032 Address: 12 Forestview Lane North Dwelling Style: Rambler Year Built: 1952 Square Feet: 735 Sale Price: $78,500 Sale Date: February 28, 1987 Carrparable #4 PID # 35-118-22-41-0031 Address: 11209 Sunset Trail Dwelling Style: Rambler Year Built: 1920 Square Feet: 915 Sale Price: 74,500 Sale Date: April 24, 1987 k- Ito00I ' L I I 9 i sr. Awn PROPERTY OWNERS NAME: PID #: LEGAL DESCRIPTION: ISSUE: DI Le)"UM11 e IBM NPANV la+ i11 • John & Renae Quiles 200 Zachary Lane North 36-118-22-33-0008 Long Legal 1988 ESTIMATED MARKET VALUE: $95,000 1988 REVISED MARKET VALUE: $85,800 L+1a Mr. and Mrs. Quile's feel their 1988 estimated market value of $95,000 is too high. It should be noted here that an error was made in calculating their value and the correct estimated market value should be $88,300. Mrs. Quile's was informed of this correction and still believes it is too high considering they paid $79,000 one year ago and have made no improvements since the date of purchase. INO Upon further review of the subject property it is recommended that the 1988 estimated market value be reduced to $85,800. Dwelling Style: Split Level Year Built: 1986 Square Feet: 1,124 Sale Price: $79,000 Sale Date: September 1, 1986 John & Renae Quiles 1988 Board of Review Page 2 A review appraisal was completed on May 19, 1988. Particular attention was given to the quality of materials and workmanship used in construction, locational factors that may affect the value, and any possible changes since the property was completed. The subject property is a 2 bedroom, 4 level split located on a high traffic street. The first 2 levels are completely unfinished. There have been no changes or improvements since the original appraisal was done in December 1986. This property is typical of many "starter" homes in that a large percentage remains unfinished, and many amenities were excluded in the original construction. This allows a first time buyer to improve the property as time and money allow. After reviewing the subject property it is recommended that the original grade of the property be reduced, which therefore changes the corrected 1988 estimated of $88,500 to 85,800. Respectfully Submitted, Richard Toy, CMA Appraiser 1988 BOARD OF REVIEW John & Renae Quiles MARKET COMPARISONS Ca parable #1 PID # 20-118-22-41-0050 Address: 15900 28th Avenue North Dwelling Style: Split Level Year Built: 1980 Square Feet: 926 Sale Price: $83,500 Sale Date: June, 1986 Canparable #2 PID # 12-118-22-32-0053 Address: 4775 Yorktown Lane North Dwelling Style: Split Level Year Built: 1986 Square Feet: 1,024 Sale Price: 93,960 Sale Date: April, 1986 1988 BOARD OF REVIEW John & Renae Quiles MARKET COMPARISONS Comparable #3 PID # 09-118-22-32-0082 Address: 4820 Ranchview Lane North Dwelling Style: Split Level Year Built: 1985 Square Feet: 1,120 Sale Price: $97,200 Sale Date: May, 1986 Comparable #4 PID # 09-118-22-32-0044 Address: 15730 47th Avenue North Dwelling Style: Split Level Year Built: 1986 Square Feet: 1,130 Sale Price: 86,900 Sale Date: April, 1986 i A rpr a ITTY OF w P SCALEOF MILES PUMOUTR .,_ , s; _ W o no`s a s ''- o: g o; ob= y _ -` - Wig4 W_ - `Q o: s`. Y- - _ .Y a=a Wo's:-,:,>;€=1eo.->x& aaE4g ^8 a8@s 8 $$ 8 a ss @8#$# s € s N-05,#18 E am88 ses g89@$ 88 9 1 i g 1 . a jjE Comp 3 , Comp 2 CompW g 1= J' _. i 11 AT AVE dK D17B- - - - /6 I/5 % 4 loo .., - ... aLw.aa _ - . 1. Y D©. vE xo CITY .v snx•' • ' • j rx a. 3 8F aDDDx • 8 I \ If. _ x AVE if S 4 ii'e\ s> Comp R L 4W Y ' S _•_' S 6' `' i o u t MED/CrNEw x a r a • • ., w •iE M . w C f .vf r 3 /••.. ' cAKE ES KE F z a. - DICIN • II25 LAKE - - - 99 i i. 3> .L[i xn iY'xilu r o MRY PARKEKScx v Tx x. y a c • i • 1 x i LAKE - I _ Ifn oC`' ¢ i r. x .v «o '..i i i • f 5 I i " - . e x. cx. MD4LYWNT 4vE • •- . -- x. L.L. - r. STREET BASEMAP EY L#11 PROPERTY OWNERS NAME: Various (Letter #11) PROPERTY ADDRESS: 9714 10th Avenue North, 2100 Xenium Lane and 13305 Industrial Blvd. PID #: 36-118-22-11-00026, 27-118-22-13-0011, & 27-118-22-13-0007 LEGAL DESCRIPTION: Various 1988 ESTIMATED MARKET VALUE: See below 1988 REVISED MARKET VALUE: No change recommended W41YM A letter was received from Property Tax Research Company requesting that we reconsider 1988 estimated market value of three industrial properties in Plymouth. They are as follows: Banner Engineering, 9714 10th Avenue, 1988 EMV: $2,840,000. L.S.I. Corp. of America, 2100 Xenium Lane, 1988 EMV: $1,730,000. and Universal Circuits, Inc. 13305 Industrial Blvd. 1988 EMV: $900,000. After, a review of the current appraisals of these properties it is recommended that no change in market value be made at this time. The property owners through their representative have asked that these properties be placed on the Local Board of Review agenda so that they can reserve there right to appeal to the Hennepin County Board of Equalization. No change is recommended. Repsectfully Submitted, Scott. L. Hovet, CAE Plymouth Assessor L 12 PROPERTY OWNERS NAME: Rose Klobuchar PROPER'T'Y ADDRESS: 1315 Oakview Lane North PID #: 26-118-22-33-0026 LEGAL DESCRIPTION: Lot 5, Block 8, Beacon Heights 1st Addition 1988 ESTIMATED MARKET VALUE: $100,000 1988 REVISED MARKET VALUE: $97,000 ISSUE: Mrs. Klobuchar wrote a letter to the 1988 Board of Review voicing concerns about her estimated market value of $100,000. She believes that due to a structural problem with her home that she could not sell her property for that price. REC'OP'II4ENIDATION: After- reviewing her property and observing the problems with her home it is recommended to reduce her 1988 estimated market value to $97,000. Dwelling Style: Split Level Year Built: 1956 Square Feet: 1,570 Rose Klobuchar 1988 Board of Review Page 2 Mrs. Klobuchar owns a very unique custom built home that has an inherent structural defect. The house is post beam consrtuction with roll roofing. The slope of the roof does not allow for pitch and gravel, or any other type of roofing material to be used without causing damage to the post beam structural supports. It would cost her approximately $25,000 to cure this problem, based upon an estimate given to her 3 years ago. To correct this defect would require raising the roof as well as changing the slope. In light of this major problem, Mrs. Klobuchar believes that she could not ask or sell her home for $100,000. The property was last viewed in the quartile of 1985. At that time the deferred maintenance was updated and seems very adequate for the current condition of the home. The home is a very attractive contemporary that features quality workmanship and materials throughout the hone. However, prior to the review appraisal the functional problem of the design of the hone has not been addressed. A sales study of the Beacon Heights neighborhood indicates that our values are very strong in relation to market selling prices. Taking all these factors into account it is recd mnded that the value be reduced to $97,000. Respectfully Submitted, Richard Toy, CMA Appraiser W J 8 ( 10) I (9) sJ. r , 17) 4) ( i) w • ( 6) til. z J _ wI (2 ) 11) o > O :9) 3 (10) '' (10) -www ,Y L y. rwsre 19) f ORES1 s FOX 22 ?5) m3) i1 it MLI w 1 K. \ x u.r ...y lb lb r`fS '°' •rtn a. "NDLISTRIAL 7 (iT 1. •. ry. DSA 0•- (;51 i ' ,. , pea` ip 30, a , le) R'(N - .f r A I (51) r t•. .p t R n \ ' 3.) Y 10) 4 (17) ,# 21 E n I1r T. 5 Sal (3) 181 o ADD y fo w 6 A• s- 19) ! t. > (,)` M m. u•e NO Z7) S 1 x( 56) - ( 38) iI 593.86' Its. THIS 15 NOT A LEGALLY RECORDED 4AP. IT REPRESENTS A COW ILATION OF INF ORUATION AND DATA FROM CITY. COUNTY. AND STATE sc.l / 1T ROAD AUTHORITIES AND 01 HER SOURCES PROPERTY OWNERS NAME: PROPER'T'Y ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: L+13 Gordon & Ferguson Merchandising Unassigned) Vacant Land located at Ranchview Lane and Medina Rd. 21-118-22-31-0013 Lot 3, Block 1, Volp Industrial Park 1988 ESTIMATED MARKET VALUE: $157,000 1988 REVISED MARKET VALUE: $157,000 A letter has been received from Mr. Jerome V. Lavin, president of Gordon & Ferguson requesting and protesting th 1988 estimated market value of the vacant lot adjacent and to the east of there industrial building. Current industrial lots are selling for between $1.50 and $1.75 per square foot. Mr. Lavin paid $195,000 for this lot in September 1984. Based on current sales of industrial land Mr. Lavin's vacant industrial lot is believed to be well equalized at 157,000. Therefore, I am recommending no change in value. Respectfully Submitted, Scott L. Hovet, CAE City Assessor 1uoe, : l xiuoio — CANDYt9i *1 - BO iM1 p eVISUAL 01o LAV%[DUSYR%AL ?ARO( 20D ADDS I L ? k" Ll FER6E8oN MEXeNANIIiiNC wa b. Year Built: Square Feet: Sale Price: Sale Date: Vacant Lot 156,800 195,000 September, 1984 I A` 2 - AL L,1 O P a s1 ) VOL? tr i ppnn1` 1n 4 Q'' Tro'a•. P h1 f _ Y L8 K -TEL BfZowN F 5 L„ 2cAT P(3EU I L ? k" Ll FER6E8oN MEXeNANIIiiNC wa b. Year Built: Square Feet: Sale Price: Sale Date: Vacant Lot 156,800 195,000 September, 1984 PID #: LEGAL DESCRIPTION: M*LYj) IBM, ZWX4141pfelm Gordon & Ferguson Merchandising 2915 Niagara Lane North 21-118-22-31-0015 Lots 1 & 2, Block 1, Volp Industrial Park 1988 ESTIMATED MARKET VALUE: $2,655,000 1988 REVISED MAPZET VALUE: $2,655,000 L#14 al• . - Another letter was received from Mr. Jerome V. Lavin regarding the 1988 estimated market value of the above described property. RECOMMENDATION: Per Mr. Lavin's request, I have reviewed the current appraisal of their industrial building and find it to be current and up to date. Today, industrial buildings of this caliber are currently selling between $30.00 and 40.00 per square foot of the gross building area. Mr. Lavin's bulding contains 83,809 square feet or a total projected market value of $31.68 per square foot. This is well within the spectrum of current selling prices of industrial buildings. Based upon my review I am recannendi.ng no change in value. Building Style: Office Warehouse Year Built: 1979 & 1984 Square Feet: 83,809 Sale Price: $1,534,500 (before addition) Sale Date: November, 1983 Respectfully Submitted, Scott L. Hovet, CAE City Assessor L#15 PROPERTY OWNERS NAME: Jean & Jon Albrightson PROPERTY ADDRESS: 2860 Evergreen Lane North (Lakeshore -Medicine Lake) PID #: 23-118-22-42-0001 LEGAL DESCRIPTION: Long Legal 1988 ESTIMATED MARKET VALUE: $104,900 1988 REVISED MARKET VALUE: $99,900 ISSUE: Property owners believe the market value is too high due to the poor soil conditions of the lot. RECOMMENDATION: Based on a reappraisal of this property, and a current sales study, the revised market value of $99,900 is not overvalued, and is consistent with comparable property, and is believed to be a fair market value for the 1988 assessment. Dwelling Style: Rambler (No Basement) Year Built: 1950 Square Feet: 760 Jean & Jon Albrightson 1988 Board of Review Page 2 On May 17, 1988 Mr. Albrightson's property was reappraised including both an interior and exterior inspection. This 38 year old cabin is located on the west side of Medicine Lake. It is in good condition except the entire exterior is in need of repainting. The cabin is built partly on a concrete slab and partly with crawl area. The interior includes a kitchen, living room, 1 bedroom, 3/4 bath and furnace room. Amenities include a large glazed porch facing the lake. There is a detached garage. Additional depreciation has been allowed for the age, quality and condition of both the cabin and garage. The Albrightsons own this property and rent it out for approximately $400.00 per month plus utilities. Prior to the Board of Review Mr. Albrightson called our office to discuss his market value, at which time it was agreed the lot value should be revised to reflect the soil conditions. The revised market value of $99,900 includes a lot value of $75,000. In response to inflating sales prices, all lakeshore properties on Medicine Lake were increased +15% for the 1988 assessment, and structure values were adjusted accordingly. Sales of lakeshore properties on Medicine Lake for the past several years indicate lakeshore values continue to increase at a faster rate than other residential property. The 1988 values continue to "catch-up" to current sale prices of lakeshore properties. A sales study of lakeshore homes on Medicine Lake was prepared indicating sale prices in excess or consistent with the value of the Albrightsons property and that the value was equalized. Four of these sales are included in the attached market comparison. Based on the above information it is the opinion of this appraiser that the revised market value of $99,900 is a fair market value as of January 2, 1988. Therefore, no change in the revised market value is recommended. Respectfully Submitted, Susan M. Mauderer, RES Appraiser 1988 BOARD OF REVIEW Jean & Jon Albrightson MARKET COMPARISONS Ccrq:)arable #1 PID # 23-118-22-42-0013 Address: 2840 Evergreen Lane North Dwelling Style: Rambler (No basement) Year Built: 1939 Square Feet: 1,252 Sale Price: 96,500 Sale Date: September, 1984 2 -Story addition built in 1986 Cmparable #2 PID # 23-118-22-42-0008 Address: 2870 Evergreen Lane North Dwelling Style: Rambler (No basement) Year Built: 1959 Square Feet: 1,038 Sale Price: $117,500 Sale Date: July, 1984 1988 BOARD OF REVIEW Jean & Jon Albrightson MARKET COMPAR T CCWc Comparable #3 PID # 26-118-22-12-0023 Address: 2534 West Medicine Lake Drive Dwelling Style: Rambler Year Built: 1930 Square Feet: 768 Sale Price: 80,000 Sale Date: August, 1985 House demolished and new home constructed in 1986 Cc nparable #4 PID # 26-118-22-43-0029 Address: 1402 West Medicine Lake Drive Type of Sale: Lot sale only b Topography: Low elevation Sale Price: $68,000 Sale Date: October, 1985 New hone constructed in 1987 (No basement' r f rpITY OF SCALE OF MILES PLYMOUTR3,a PPrvAiE POCOxro ZS p i - i _ _ gX w __ = w w£ a y aa¢ore?' ggsagg:gg.„ aaeo=-I=.. Wg* r>. .n,o<<g „_o.wo m. > g:gg. ¢ a¢ gogg=g.g 8gg 8888888 88 88 8 g8 II8 88$$8€ 888 8888 88 R8$ S8€888 g -?1g 18 R8 gE g888g8F8o 6$g4 8888gSRBIIs------ -- ---- n --- --- - --- -- -- --= -----=--------- STREET BASEMAP, I Or Scott Hovet City Assossor City of Plymouth 3400 Plymouth Blvd. Plymouth, MN 55447 Re: Estimated Market Value Property ID 23-118-22 42 0001 2860 Evergreen Lane N. Dear Mr. Hovet: May 10, 1988 M AY 1988 City of Plymouth Auas 9amM We're writing to request a reevaluation of the above referenced property, and we're submitting this letter in lieu of attending in person the Local Board of Review meeting scheduled For this evening. Your 1988 estimated market value For the above property is $104,900. We discussed the value with Sue From your office and she Felt she could recommend a reduction to $99,400, by reducing the land value to $75,000 and leaving the buildings at $24,900. We Feel a Further reduction is in order based upon the soil conditions w; -.,ere our property is located and the costs that would have to be incurred if one were to Fix the existing buildings or were to raze those buildings and build new. We would guess we may have the only remaining lot on Medicine Lake that is in the flood zone that has not had Fill brought in to raise the land level, and/or had pilings put in For the structure or in some other manner had an adequatae Foundation constructed. We've been given estimates of From $25,000 to $50,000 For that work. We Feel the estimated market value of both the land the the improvements does not take these costs into consideration but that any potential buyer would, and that the real market value should be reduced accordingly. Erclosed is an appraisal prepared by Peter Elliasen estimating the market value at $70,000, primarily due to the soil conditions. We Feel this is a more realistic estimate of the actual value of our property. Thank you For your consideration. iy truly yours, 14 and J n Albrightson 2409 West 22nd Street Minneapolis, MN 55405 PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: 0 . Lee & Linda Larson 335 Zinnia Lane North 34-118-22-31-0022 Lot 3, Block 1, Loffhagens Addition 1988 ESTIMATED MARKET VALUE: $73,600 1988 REVISED MARKET VALUE: $71,700 L#16 ISSUE: The Larsons wrote to the Board of Review in 1988 addressing various concerns of theirs, primarily the disruption of the neighborhood by the Carlson Center project and the construction of rental property on the parcel adjacent to theirs. They also feel the increase of 7.5% over last years value is unfair and negates the adjustment made at that time. RECOMMENDATION: The property was reappraised by Susan Mauderer for the 1987 Board of Review and again on May 13, 1988. It is recommended that the 1988 estimated market value be reduced to 71,700. Dwelling Style: Rambler Year Built: 1959 Square Feet: 1,224 Lee & Linda Larson 1988 Board of Review Page 2 A review appraisal was done on the Larsons property May 13, 1988. The concerns expressed by Mr. Larson at that time were essentially the same as those voiced last year. He believes that market values have been damaged by the construction of the Carlson Center project and that the neighborhood has been disrupted. However, based upon the 2 sales that occurred within this particular subdivision the selling prices do not indicate that market values have been damaged by this construction. The Larson are also concerned about the construction of a rental property on a parcel adjacent to their home. Although this may have a potential damaging affect on their property value, it is not possible to measure the effects until it is complete and future market sales have occurred. However, additional areas of disrepair were noted and consideration was given to these problems. An adjustment to this additional depreciation or deferred maintenance takes this into account. These adjustments would reduce the 1988 estimated market value to 71,700. Based upon selling prices in the neighborhood, further reduction are not warranted or advised at this time. Respectfully Submitted, Richard Toy, CMA Appraiser Camparable #1 PID # 34-118-22-31-0021 Address: 405 Zinnia Lane North Dwelling Style: Rambler Year Built: 1960 Square Feet: 1,014 Sale Price: $82,000 Sale Date: April, 1987 Ccaparable #2 PID # 34-118-22-31-0028 Address: 13830 Sunset Trail Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Rambler 1959 1,238 88,800 May 30, 1987 1988 BOARD OF REVIEW Lee & Linda Larson MARKT COMPARISONS o O r 7603.631 RES. W klV4 X k4 (49) 2 CE TERS CARLSON CENTER 0 2 NC ADD. 2 0'3 ao 3 16) a,. 44) 114 (6) 10) jot r THIRDL-% Z j a: (10%T, a ADD - '44 '30 7) 42 24* 2 4v, co u 4 Uma) 7jWT," 0 ( IT 0. L. IA (26) Ix M. rnrar C'1 Mill o4) Ill. or Wert W. n 3 6) 20) 52) IL Yr1:01) SO , 151 A E IA I I ------------ 44) Z'k) .................. L#17 PROPERTY OWNERS NAME: Michael Roos & Cindy Goplen PROPERTY ADDRESS: 3945 Harbor Lane North PID #: 16-118-22-41-0006 LEGAL, DESCRIPTION: Lot 5, Block 1, Cedar Ridge 1988 ESTIMATED MARKET VALUE: $108,700 1988 REVISED MARKET VALUE: $106,900 ISSUE: The primary issue is that the estimated market value for 1988 is $10,000 more than an appraisal done in 1987 for purposes of refinancing their home. In addition, there is a strong concern voiced about the impact that adjacent properties (duplexes) have on the potential sales price of their home. RECOMMENIDATION: Based upon a reappraisal on May 13, 1988 it is recommended that the 1988 estimated market value be reduced to $106,900. Dwelling Style: Split Foyer Year Built: 1981 Square Feet: 1,228 Sale Price: $100,000 Sale Date: December 7, 1984 Michael Roos & Cindy Goplen 1988 Board of Review Page 2 The subject property is an attractive, well maintained, split foyer that includes such amenities as a finished family room downstairs with fireplace, parquet entry and vaulted/beamed ceilings. Although there was an active sales market within the Cedar Ridge Subdivision in 1987, none of the sales that occurred addressed the locational concern voiced by the owners. The owners feel that the deteriorated duplex properties across the street and adjacent to them have a negative impact on their market value. However, until such sales occur and substantiate this opinion we cannot address this issue. The reduced estimated market value of $106,900 represents normal decpreciation warranted by the review appraiser. Respectfully Submitted, Richard Toy, CMA Appraiser 1988 BOARD OF REVIEW Michael Roos & Cindy Goplen MARKET COMPARISONS Caiparable #1 PID # 16-118-22-41-0140 Address: 14615 39th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Foyer 1982 974 105,500 April 21, 1987 Ca parable #2 PID # 16-118-22-41-0064 Address: 14410 40th Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Split Foyer 1982 940 95,000 October, 1986 0 G I 1988 BOARD OF REVIEW Michael Roos & Cindy Goplen MARKET COMPARISONS amparable #3 PID # 16-118-22-41-0002 Address: 3905 Harbor Lane North Dwelling Style: Split Level Year Built: 1980 Square Feet: 1,079 Sale Price: 110,000 Sale Date: March 1, 1987 Ccoparable #4 PID # 16-118-22-41-0055 Address: 3870 Harbor Lane North Dwelling Style: Split Entry Year Built: 1980 Square Feet: 1,090 Sale Price: 105,000 Sale Date: January 1, 1988 P s R v I a PLVWOUTH-C 27) 1 ( 5) (5) 6) I i - ILIL, 24) (15) ( ?6) 1 (6)" . to V. M, W"*W( I 64) ITT71- OP'- am aaer..s ------- iz rIz 4) lX IUD N. NowP: ACE Z 1. 144) v a 30) 40 OD 4 Comp 21t1 (62) W340TH 2p AVE. N. 6, TI) 73) (72), 39TH A 4 14 tort r= (67) I Comp 4 ( 1 A.0 Comp I I rw 16 DCF 3) w IrkM of I \(57) 7 60) lrn st ral L+18 PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: ISSUE: James K. Monteith 2125 Garland Lane North 29-118-22-24-0027 Lot 9, Block 1, Fazendin Park 5th Addition 1988 ESTIMATED MARKET VALUE: $181,700 1988 REVISED MARK= VALUE: $181,700 Letter asking for a review ION: A reinspection of this property was completed May 16, 1988. After conferring with Mr. Monteith on the results of the reappraisal and market comparables, he decided to drop his appeal. I reconv end no change in the properties 1988 market value. Respectfully Submitted, Michael Carroll, CMA Appraiser I Dwelling Style: 2 -Story Year Built: 1977 Square Feet: 2,050 Sale Price: $141,000 Sale Date: April, 1979 ZX- E sue.. L'stF o©0 zc i