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HomeMy WebLinkAboutCity Council Packet 04-26-2004 BOEAgenda City of Plymouth Board of Appeal and Equalization Reconvened from April 12, 2004 Monday, April 26, 2004 7:00 p.m. Council Chambers 1. Call to Order 2. Council action on recommendations 3. Adjourn 2004 LOCAL BOARD OF APPEAL & EQUALIZATION STAFF RECOMMENDATIONS Reports Pin Number 2004 Estimated Staff RecommendationMarketValue 2. 1. Robert Fernelius I1-118-22-21-0057 199,200 No Change 2. Teresa Salberg & Neil Thompson 15-118-22-22-0068 223,200 203,000 3. Steve Craig 09-118-22-41-0021 480,900 No Change 4. John Redding 02-118-22-41-0065 318,600 No Change 5. Lee LaMere 03-118-22-24-0061 442,900 400,000 6. Phil Clone 19-118-22-33-0026 329,900 No Change 7. Carol Burgess 32-118-22-21-0059 631,700 No Change 8. W Medicine Lake 26-118-22-42-0001 300,000 No Change Community Club 9. Shibin Li & Zhengyu 07-118-22-41-0075 299,400 No Change Luo 10. Guoguang Chen 07-118-22-41-0061 322,900 No Change 11. Nilabh Narayan 03-118-22-43-0018 297,800 No Change 12. Donald Olson 13-118-22-32-0074 237,900 No Change 13. Frank Moriaty 16-118-22-42-0107 228,500 No Change 14. M. Susan Clark 36-118-22-34-0055 189,400 No Change 15. Sergey A. Selifonov 07-118-22-44-0030 586,900 No Change 16. David A. BeaIInan 13-118-22-33-0039 311,800 300,100 17. Jacqueline Ulwelling 30-118-22-11-0026 225,400 No Change 18. David D. Swenson 18-118-22-42-0064 328,300 323,300 19. Christiana Otubushin 01-118-22-34-0045 469,300 453,500 20. Kevin Kretsch 19-118-22-12-0023 532,600 334,600 21. Jeffrey Schipull 03-118-22-43-0037 223,400 No Change Report #1 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Robert & Lela Fcmelius PROPERTY ADDRESS: 5220 Larch Lane North PID #: 11-118-22-21-0057 LEGAL DESCRIPTION: Lot 1 Block 4 Larch Heights Lagoon 2nd PROPERTY TYPE: Residential - Rambler 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 46,000 173,400 STRUCTURE MARKET VALUE 153,200 Limited Market Value TOTAL MARKET VALUE 199,200 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 173,400 179,900 199,200 Limited Market Value 161,500 179,900 199,200 irriproVemenl 0 0 0 SUBJECT PROPERTY Sty Ht Dimensions S Ft Diagram 1/B IIRREGULAR 1W1 1,264 Ground FL Area F 1,264 Second Fl. Area = NA Gross Bldg Area ' — 1,264 Porclies/Decks DECK 12 1 x 1 14 1=1 16$ DECK 4 x 30 =1 120 OP 4 x 128 = 112 14 12 Garages ATTACHED 24 x 30 = 720 4 30 SALES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable #2 Comparable #3 Comparable 94 ADDRESS: 5220 Larch Lane N 5225 Balsam Lane N 1112052 nAve N 5315 Goldenrod Lade N 11525 53rd Ave N PID# 11-118-22- 21-0057 11-118-22-11-0012 11-118-22-11-0037 11-118-22-12-0003 11-118-22-12-0027 SALE DATE: July 2003 Dec 2002 Dec 2002 Oct 2002 SALE PRICE: 239,000 248,000 239,000 I96,500 TIME ADJUSTMENT: 5% 12% 12% 2% ADJ.SALE PRICE: 251,0001 277,800 267,700 200,400 ADJ.SALE/SQ FT: 226.13 214.02 171.05 150.22 TYPE OF BLDG: Rambler Rambler Rambler Split 7000 Split_ 4-7000 ABOVE GRADE FINISH 1264 1110 12300 1298 1565 24100 1334 5600 QUALITY; Avg Avg Avg Avg Avg AGE: 1988 1977 1983 1967 1976 CONDITION: Good Good Good Good Avg 5000 BEDROOMS: 2 3 6500 4 13000 3 6500 3 6500 OF BATHS 2 3 3500 2 3 3500 2 FIN. BS11IT. AREA: 700 900 3600 1130 7700 440 4700 499 3600 WALKOUT: Yes No 4000 Yes LO 2000 LO 2000 FIREPLACES: No 1 3000 1 3000 1 3000 2 6000 GARAGE 2 Car Att 2 Car Att 2 Car Att 2 Car Att 2 Car TU 12000 DECK: Yes Yes Yes Yes Yes PORCHES: No No No No No LOCATION: Near Tracks On the Tracks Near Tracks Nice Lot 5000 On the Tracks NET ADJUSTMENT: 32,900 23,700 55,800 35,700 ADJ SALE PRICE: 250,700 254,100 239,300 204,700 ADJ SALE IS FT: 225.86 195.76 152.91 153.45 INDICATED VALUE AS OF JANUARY 2,2004: 247,700 $ 196.00 Per Sq Ft VALUE CONCLUSION LOCATION: The subject property is located one lot away from the Soo Line Railroad tracks. It is also located across the street from Bass Lake Lagoon. In the immediate neightborhood there have been two sales (not comparable) on the water that sold for $1,200,000 and $415,000. SITE: The site is located on a corner and is average in size. The site does slope to the rear of the yard which enables the dwelling to have a walk out from the basement. IMPROVEMENTS and FEATURES: The site is improved with a rambler built in 1988. It is of sound construction and modest in interior without numerous upgrades. The dwelling has two bedrooms up with a deck off the kitchen. The basement is finished except for a storage area and has a walkup from the basement to the garage as well as a walkout to the back yard. Pleasecheck / you wb§ to summarize your pp g» ±oSoad at the podium. RECONCILATION OF VALUE: An interior inspection was conducted on April 19. The subject property is located in a neighborhood of diverse values and styles. The comparables were chosen for proximity to the Soo Line RR and quality of construction and size. Most weight was placed on comparable two which had the fewest amounts of adjustments. It is the opinion of this appraiser that the estimated market value for the subject property is 247,700 Robert Femelius was contacted on April 21. He was told of the comparables in his area. He decided to cancel his appeal. Janice Olsson AMA, RES Senior Appraiser Report # 2 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Tersera Salberg and Neil Thompson PROPERTY ADDRESS: 1414543 d Avenue North PID 9: 15-118-22-22-0068 LEGAL DESCRIPTION: Lot 38 Block 1 Sandpiper Ponds PROPERTY TYPE: Townhouse 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 63,000 63,000 STRUCTURE MARKET VALUE 160,200 140,000 TOTAL MARKET VALUE 223,200 203,000 ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 185,800 203,000 223,200 Limited Market Value 181,000 Improvement 400 OWNERS CONCERNS: They purchased the property in July 2000 for $165,900. The 2004 Estimated Market Value is $223,200. They state that three units like their unit have sold for $197,000 to $199,900, and they would like the property valuation reviewed. r a _ YF 2004 LOCAL BOARD OF APPEAL &` EQUALIZATION 4 CITY_ OF PLYMOUTH 1 April 12, 2004 y Address7t °. Vt-.' 3 '' s Property Identification: 51 IOwnerName:: t. _i„_-,ic-r. Purchase Price: _. A Address: ',,'`r.tP , Purchase Date: v 7`> =' . City 1p: F e j' 2004 Estimated 33 r fesii, 1,4API;"ISN{ Market Value: r S'";a'YSy- Any appeal should be based cn evidence that the 2004 Estimated Market Value exceeds the true,-,- market value.:of the property -+Please list the reasons why you believe the property could not sell ry Wjjµr x , for the value under appeal y '+r4 s- :, , is h'_ff;-.:-.-. _ ', .. - - - ti•. 5 r Y `J f i r -.'' ' - tom• - y , 5,. ' rLoll ffi r tA' v v #y 3, t < s c' s i . n" ' .[.`\ E + :,`1•tti i y1 '}y,e, + "F ..- ,—i Ua t.. s / - Please check if you wish to summarize your appeal to the Board at the podium. >.` SUBJECT PROPERTY COMPARABLE #1 1413343 rd Avenue North PIN IS -118-22-22-0065 Sold 1-04 X199,900 COMPARABLE #2 14149 43rd Avenue North PIN 15-115-22-22-4469 Sold 9-03 $197,000 COMPARABLE #3 1416943 rd Avenue North PIN 15-118-22-22-0074 Sold 8-03 $215,000 RECONCILATION OF VALUE: The property was reviewed April 13"'. There were four similar units that sold in the current time frame. The comparable sales range for the same model is $197,000- 215,000. The only feature that could be added at the time of construction was an additional 2" d floor bath. Only one unit that sold has an additional bath. It does not appear to have added extra value to the sales price. After reviewing these sales, I recommend that the valuation be adjusted from $223,200 to $203,000. I called Teresa and Neil on April 141" and they agreed with the new reconvnendation: 203,000 Paul Kingsbury, CMA Appraiser, City of Plymouth 763 509-5357 pkiulgsbu@ci.plyniouth.mn.us Report #3 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: STEVE CRAIG PROPERTY ADDRESS: 4725 ITHACA LANE N PID #: 09-118-22-41-0021 LEGAL DESCRIPTION: Lot 3 Block 3 Fernbrook Woods PROPERTY TYPE: Single Family Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 95,000 405,300 STRUCTURE MARKET VALUE 385,900 Limited Market Value TOTAL MARKET VALUE _ 480,900 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 405,300 452,200 480,900 Limited Market Value 399,700 447,600 480,900 Tmprovement 0 0 0 SUBJECT PROPERTY 1J Al W1, 3 i r ZIx , LOCATION: The property is located in rernbrook Woods subdivision on Ithaca Lane. It is 2 blocks west of renibrook Lane, one half block north of 47'h Avenue. SITE: The site is on a quiet dead end street. It has a heavily wooded backyard. IMPROVEMENTS and FEATURES: The home is a two story, single family residence built in 1990. It has an attached two car garage. A screened porch was added in 1993 that has since been converted to a 3 season porch. SKETCH OF STRUCTURE Subject Location Map ADDRESS: PID# SALE DATE: SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: TYPE OF BLDG: ABOVE GRADE FINISH QUALITY; AGE: CONDITION: BE, OF BATHS FIN. BSINIT. AREA: WALKOUT• FIREPLACES: GARAGE: TYPE AREA SQ FT: DECK: PORCHES: LOT DESCRIPTION: LOCATION: NET ADJUSTMENT: ADJ SALE PRICE: INDICATED VALUE A SALES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable #2 Comparable #3 Comparable H4 4725 ITHACA LA 4805 ITHACA LA 4720 HARBOR LA 4165 EMPIRE LA 6135 DALLAS LA 09-41-0021 09-41-0022 09-41-0065 15-23-0038 03-22-0017 6-16-03 10-30-02 8-28-03 7-15-03 430,000 445,000 440,000 460,000 3% 6% 2% 2.5% 442,900 471,700 448,800 471,500 TWO STORY TWO STORY TWO STORY TWO STORY TWO STORY 2954 2575 34110 2556 35820 2675 25110 2396 50220 A#30VEAVG ABOVE, AVG ABOVE AVG ABOVE AVG ABOVE AVG 1990 1989 1995 4,717 1994 2200 1988 ABOVEAVG ABOVE AVG ABOVE AVG ABOVE AVG ABAOVE AVG 4 4 4 4 4 3.5 2.5 3,000 2.5 3,000 3.5 3.5 YES 519,700 NO 19,700 YES YE•S YES Y1 ---S NO 4,000 YES NO 4000 YES 2 2 1 4000 1 4000 2 ATTACH 2 CAR ATT 3 CAR 12,000 ATT 3 CAR 12,000 ATT 3 CAR 12,000 ATT 3 CAR 12,000 YES YES YES YES YES YES $11,600 YES NO 11,600 NO 11,600 NO 11,600 WOODED BACK WOODED BACK NO WOODS NO WOODS WOODED BACK FERNBROOK WOODS FERN- BROOK WOODS FERN- BROOK WOODS FERN- BROOK LANE & EMPIRE 10,000 LAKE CAMELOT WOODS 48,810 34103 40,510 49,820 491,710 505803 489,310 521320 i OF JANUARY 2, 2004: 11 $491,710 $ Per Sq Ft COMPARABLE SALES i' s .i. , P3[f¢K1.j •-' 'Sh ti4: ` rs 77 COMPARABLE 41 CONIPARABLE #2 4805 ITHACA LA 4720 HARBOR LA a 333 -' ' j'" i' CO'NIPARABLE #3 COMPARABLE #4 4165 EMPIRE LA 6135 DALLAS LA I City of Plymouth, Comparable Sales Map N W E This represents a compilation of information and Sdatafromcity, county, state and other sources that has M N not been field verified. Information shcutd be Geld verified and compared with origianl source documents. COMPARABLE #1 Comparable 1 is a two story located in the same neighborhood next door to the subject property. It was built in 1989 and is the same quality construction as the subject. The site is similar in size and also has a wooded backyard. I feel it is the strongest of my comparables because of its location, similar site features, and quality of construction. COMPARABLE #2 Comparabalc 2 is a two story located in the sante neighborhood. It was built in 1995 and is of similar quality as the subject. The site is similar in size, but does not have a wooded backyard. COMPARABLE #3 Comparabale 3 is a two story of similar quality. It is most similar in size to the subject. The site is of lesser desirability located on the corner of Fernbrook Lane and Empire Lane without a wooded backyard, COMPARABLE #4 Comparable 4 is a two story of similar quality. It is located in Lake Camelot Estates neighborhood and has a wooded backyard. OWNERS CONCERNS: Mr. Craig is concerned with the 2003 estimated market value of the homes that are located next to hint and behind him, Mr. Craig feels he can not sell his property for the 2004 estimated market value of 480,900 based on a Mortgage Refinance appraisal of $465,00 that was dated June 4, 2003. Mr. Craig recently spoke with Edina Realty Northstar Realtors who gave him an indicated value on his property of $470,921. RECONCILATION OF VALUE: Mr. Crain was concerned with the 2003 values of the followin.) properties: 91 and #2 are Mr. Craig's next door neighbors. 3 is the property located behind his. It is not located in Ferribrook Woods, but rather a UlfferCllt nClgilboriiood all subdivision "Tyrell". I inspected the property on May 15, 2003 during a quartile visit. I spoke with Mr. Craig on April 14, 2004 and confirmed nothing had been changed on his property since my quartile visit. Mr. Craig provided me with his refinance appraisal dated June 4, 2003. It indicated the value of the home to be $465,000. The refinance appraisal was completed for mortgage purposes. If the refinance appraisal is time adjusted using 6% appreciation per year the indicated value on January 2, 2004 would be $478,950. I found the comparables used in this appraisal were good, however the dollar adjustments made for differences in square footage in the homes were minimal. I also noted one discrepancy in the appraisal. The home was valued for having lookout windows in the basement. The basement has 3 Iookout windows and a walkout thru a patio door. Mr. Craig spoke with a realtor from Edina Realty and he felt the property would sell in the range of $466,212 to $475,630. I compared Mr. Craig's property to four sales. They were all two story homes of similar quality. Two of the sales I used were also used by Edina Realty in their analysis, and two of the sales were properties located in Mr. Craig's neighborhood. The indicated range of values was $489,310 to $521,320. I put most of my weight on comparable #1. It has an adjusted value or $491,710. This property is located next door and was built one year before Mr. Craig's home. It is of similar quality built by the sante builder and located on a quiet street on a lot that is very similar in size with a wooded backyard. I reported my findings to Mr. Craig on April 20, 2004. He does not feel he will continue with his appeal to Hennepin county. It is the opinion of this appraiser that the 2004 estimated market value remain unchanged at 480,900 Cindy Bowman, CMA Appraiser 763)0509-5353 cbownnarl@ci.plylnnouth.min.us Address 2003 value 2004 value Sale hiformation 1 4715 Ithaca Lane 437,100 467,900 Not recently sold 2 4805 Ithaca Lane 411,900 427,800 6103 - $430,000 3 4800 Juneau Lane 330,500 365,500 3102 - $340,000 91 and #2 are Mr. Craig's next door neighbors. 3 is the property located behind his. It is not located in Ferribrook Woods, but rather a UlfferCllt nClgilboriiood all subdivision "Tyrell". I inspected the property on May 15, 2003 during a quartile visit. I spoke with Mr. Craig on April 14, 2004 and confirmed nothing had been changed on his property since my quartile visit. Mr. Craig provided me with his refinance appraisal dated June 4, 2003. It indicated the value of the home to be $465,000. The refinance appraisal was completed for mortgage purposes. If the refinance appraisal is time adjusted using 6% appreciation per year the indicated value on January 2, 2004 would be $478,950. I found the comparables used in this appraisal were good, however the dollar adjustments made for differences in square footage in the homes were minimal. I also noted one discrepancy in the appraisal. The home was valued for having lookout windows in the basement. The basement has 3 Iookout windows and a walkout thru a patio door. Mr. Craig spoke with a realtor from Edina Realty and he felt the property would sell in the range of $466,212 to $475,630. I compared Mr. Craig's property to four sales. They were all two story homes of similar quality. Two of the sales I used were also used by Edina Realty in their analysis, and two of the sales were properties located in Mr. Craig's neighborhood. The indicated range of values was $489,310 to $521,320. I put most of my weight on comparable #1. It has an adjusted value or $491,710. This property is located next door and was built one year before Mr. Craig's home. It is of similar quality built by the sante builder and located on a quiet street on a lot that is very similar in size with a wooded backyard. I reported my findings to Mr. Craig on April 20, 2004. He does not feel he will continue with his appeal to Hennepin county. It is the opinion of this appraiser that the 2004 estimated market value remain unchanged at 480,900 Cindy Bowman, CMA Appraiser 763)0509-5353 cbownnarl@ci.plylnnouth.min.us A 6, EQUALIZATION--'.: 2004 LOCAL BOARD OF APPEAL &. —' 4 CITY OF PLYMOUTH April '12 2004 Address: a.'k e Property Identification: 01' Owner Name: Purchase Price: 7F. Address: 'V7d, T— XgL-q Purchase Date: ld'D • cilY;Zip- 2004 Estimated - Daytime Phonez/a/ Any appeal should be based ohevidence-that 4ar it )Jj exc:66dq th6 tE M "aik'et value Wti -prop6ky.-.Pleaslist the wly y'o u'bqlieve.tbe property could f16t"se or the value u de appeal 2 A 1A , 4, -AIL nz a A nz Lj ac Report #4 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Jolm Redding PROPERTY ADDRESS: 11130 57`h Avenue North PID #: 02-118-22-41-0065 LEGAL DESCRIPTION: Deerhaven Townhomes PROPERTY TYPE: Single Family Residential Townhome 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 70,000 255,000 STRUCTURE MARKET VALUE 248,600 Limited Market Value TOTAL MARKET VALUE 318,600 No Change ASSESSMENT IIISTORY 2002 2003 2004 Total Market Value 255,000 288,000 318,600 Limited Market Value 285,600 Improvement SUBJECT PROPERTY 11130 571" Avenue North/Deerhaven 02-41-G5) MAP OF SUBJECT & COMPARABLES F- R L k -=r P 3 SUBJECT1141057THAVEN COMP #1 11130 57TH AVE N8- 7c- 57TH -AVE -N- 02 -0-q-2&0542.41 5 - 7TH AVE z c EEP COMP 2 4 C 11305 57TH AVE N 11315 57TH AVE N 02-118-22-41-0080 02-118-22-41-0079 N ADDRESS: PTD# SALE DATE: SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: ADJ.SALEISQ FT: TYPE OF BLDG: ABOVE GRADE FINISH QUALITY] AGE: COND1TIO1\T: BEDROOMS: OF BATHS FIN. BSA1T. AREA: WALKOUT: FIREPLACES: GARAGE:TYPE AREA SQ FT: DECK: PORCHES: LOT SIZE SQ FT: LOT DESCRIPTIOiN: LOCATION: POOL: NET ADJUSTMENT: ADJ SALE PRICE: ADJ SALE /SQ FT: INDICATED VALUE A SATES C OMPARI.&ON ADJUSTMENT GRID Subject Comparable 41 Comparable #2 Comparable #3 Comparable #4 11130 57" 11350 57'1' 11305 57"' 11410 57`x' 11315 57`x' 02-41-0065 02-41-0054 02-41-0080 02-41-0052 02-41-0079 7/1/2003 7/24/2003 3/5/2002 4/19/2002 335,000 385,000 317,500 255,000 10,000 11,600 47,600 35,700 345,000 396,600 365,100 290,700 140 214 153 129 Townhome/ Rambler Txvn1uii/ Slit 5000 Ttivnhni/ Rambler Twnlun/ Split 5000 T%gihrn/ Split 5000 2251 2456 16400 1852 31900 2389 11000 2252 Avg Avg Avg Avg Avg 1989 1987 1983 11900 1986 1983 8700 Avg Avg Avg Avg Avg 2 3 3000 2 2 3 3000 2 2 2112 2000 2 2112 2000 1400 25200 No No Yes 4000 No No 1 1 2 4000 1 l 2 car aft 2 car att 2 car att 2 car att 2 car att No Yes 2000 No No Yes 900 No No Yes 5400 Yes 6200 Yes 6500 Avg Avg Avg Avg Avg Backs up to Bass Lk Rd Backs up to Bass Lk Rd Backs tip to marsh 10000 Backs up to Bass Lk Rd Backs up to marsh 10000 No No No No No 26400 6800 22200 18700 318,600 389,800 342,900 272,000 i OF JANUARY 2,2004: 11 $330,800 COMPARABLE #1 11350 57'[' Avenue N/Deerhaven 02-41-0054) COMPARABLE #2 1130557 Ih Avenue N/Deerhaven 02-41-0080) COMPARABLE #3 1141057 ih Avenue N/Deerhaven 02-41-0052) COMPARABLE #4 11315 57"' Avenue N/Deerhaven 02-41-0079) VALUE CONCLUSION LOCATION: The property is in Deerhaven townhomes. SITE: The units sit on the corner of Sass Lake Road and Zachary Lane. Half of the units back up to Bass Lake Road, as Mr. Redding's does, while the other half back up to a large marsh area. IMPROVEMENTS and FEATURES: The tosvnhome is a rambler, on slab, built in 1989. OWNERS CONCERNS: Mr. Redding's neighbor has a similar unit and recently Iisted the property for $289,000. This is lower than Mr. Redding's 2004 estimated market value of $318,600. Thus, he feels that his 2004 estimated market value is too high. RECONCILATION OF VALUE: I inspected the property and studied the comparables. I explained to Mr. Redding that only sales thru September, 2003 are used for setting the 2004 estimated market values. The sale of his neighbor's unit would be used to set the 2005 estimated market value. After reviewing the comparables for the 2004 estimated maket value, I recommend no change to Mr. Redding's value of: 318,600. A Mike Henderson, CMA Appraiser, City of Plyinouth 2004 LOCAL BOARD OF APPEAL & EQUALIZATION CITY OF PLYMOUTH April 12, 2004 Address: Property Identification:—D2 - 411 – ("; Owner Name: ! p f j purchase Price: a d Q Address: purchase Date: City/zip; PL -YM 0 2004 Estimated a J _•x.''_ t r^1- IY F ,.r,t--liilarket.Value ` [ -.-- :'i_,. Dayt Phorie Any appeal should be based on evidence that the 2004 Estimated Market Valuceeds the truemarketvalueoftheroepprty: Please list the -.reasons why you believe the property could iiot sellf' for the value under appeal ,'.` ' ` " ' a ., 1, k,efXi!'... S.xS- s .' :1 w l ` r •hr._- r sr 1J- - x _ 3 -v q. i t 4r s- - -+i'rt..`-- - ! - - !. ,wit: z rr r •.- L r D fes. Caf`75 L67 Please check if you wish to summarize your appeal to the Board at the podium. Report #5 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Lee LaMere PROPERTY ADDRESS: 13625 58°i Avenue North PID #: 03-118-22-24.0061 LEGAL DESCRIPTION: Camelot Overlook PROPERTY TYPE: Single Family Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 68,000 68,000 STRUCTURE MARKET VALUE 5374,900 332,000 TOTAL MARKET VALUE 442,900 400,000 ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 372,000 409,200 442,900 Limited Market Value 354,000 396,400 h-riprovement SUBJECT PROPERTY 13625 58` x' Avenue North 03-24-61) Map of Subject & Comparables 0 L H PI 24- TH 2-3 ADDRESS: PID# SALE DATE: SALE PRICE: TIME ADJUSTMENT: Al -%Y CAT VDDTf'EH. /J.Jl-1.L' l lilt. ADJ.SALE/SQ FT: TYPE OF BLDG: ABOVE GRADE FINISH QUALITY; AGE: CONDITION: BEDROOMS: OF BATIIS FIN. BSMT. AREA: WALKOUT: FIREPLACES: GARAGE: TYPE AREA SQ FT: DECD: PORCHES: LOT SIZE SQ FT: LOT DESCRIPTION: LOCATION: POOL: NET ADJUSTMENT: ADJ SALE PRICE: ADJ SALE !SQ FT: INDICATED VALUE A,' SALES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable #2 Comparable #3 13625 58'11 13720 57" Pl 13700 57" PI 13710 57`x' Ave 3-24-61 3-24-70 3-24-72 3-31-26 7115103 8115103 8126103 318,000 387,000 295,000 9500 9700 7400 342)7 5500WJL7, 55 3496700 IJJ ,IVV 340 A00WJVL 168 171 164 Two Story Two Stry Two Stry Two St 2524 1953 57100 2319 20500 1841 68300 Avg Avg Avg Avg 1994 1997 1995 1996 Avg Avg Avg Avg 4 3 3000 3 3000 3 3000 31/2 31/2 23/4 3000 33/4 1000 1000 700 5400 0 18000 730 4900 No No Yes 4000 Yes 4000 1 1 1 1 3 car att 3 car att 3 car att 3 car att Yes Yes Yes Yes No No No No Avg Avg Avg Avg Camelot Overlook Camelot Overlook Camelot Overlook Camelot Overlook No No No No 65500 40500 71200 393,000 437,200 373,600 i OF JANUARY 2,2004: 11 $401,300 COMPARABLE #1 13720 57th Place N/Camelot Overlook 03-24-0070) COMPARABLE #2 13700 57"' Place N/Camelot Overlook 03-24-0072) COMPARABLE #3 13710 57"' Avenue N/Camelot Overlook 03-31-0026) VALUE CONCLUSION LOCATION: The property is in Camelot Overlook, between Lake Camelot to the east and Interstate Highway 494 to the west. SITE: The site is pie shaped, at the end of the 58"' Avenue North cul- de-sac. IMPROVEMENTS and FEATURES: The home is a two story, single family residence built in 1994. OWNERS CONCERNS: The owner purchased the home on September 3r`', 2003. The 2004 estimated market value is higher than the recent open market sale price. RECONCILATION OF VALUE: After verifying the recent sale, inspecting the property and reviewing comparables, I agree with Mr. LaMere, and recommend that the 2004 estimated market value be reduced from $442,900 to the recent sale price of: 400,000. Mike Henderson, CMA Appraiser, City of Plyrnouth V.axuo cxt;ccus the U-ue propertV could not sella° r r'j:•4;f-: :+"v tSJ; 3'rai;1na r , 5 yY 7 + l y-`. F_,,ff kl... . :1'1 j: ,I.. _ ::1 jl.I,-I ,S:.iti4t."{•_. .y - Please check if you wish to summarize your appeal to the Board at the podium. d ',., r } µ . •'' ` S ay':+ trVt..;3':.-i:.s< Vicea kilfFy'l• s 12004 LOCAL BOARD OF, APPEAL' 8c' EQUALIZATION L= hyra. CITYOFPLYMOUTH April 12, 2004 Address. `. ' • - Property Identification. 3- ((S - a•( Owner Name: Q ff `: Purchase Price: ( D 60 Address: k1 N Purchase Date: ' '. — 3 V.axuo cxt;ccus the U- ue propertV could not sella° r r'j:•4;f-: :+"v tSJ; 3'rai;1na r , 5 yY 7 + l y-`. F_,,ff kl... . :1'1 j: ,I.. _ ::1 jl.I,-I ,S:.iti4t."{•_. . y - Please check if you wish to summarize your appeal to the Board at the Report #6 2003 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Phillip Klone PROPERTY ADDRESS: 1870028 TH Ave. N. PID #: 19-118-22-33-0026 LEGAL DESCRIPTION: Lot 4 Block 10 Greentree West PROPERTY TYPE: Single Family Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 52,000 305,000 S329,900 STRUCTURE MARKET VALUE 247,900 279,600 $ 321,500 TOTAL MARKET VALUE 329,900 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value S283,200 305,000 S329,900 Limited Market Value 249,700 279,600 $ 321,500 Improvement 0 0 0 SUBJECT PROPERTY x t i i 6 i 74;Sraf['.,b$r SKETCH Subject Location Map I 330026 30 29TH AZA AST SUBJECT PROPERTY LOCATION: This property is located in the Greentree West subdivision. It is located on 28`x' Avenue three lots southeast of Xanthus Lane. SITE: The site is on a quiet cul-de-sac street. It has a heavily wooded backyard. IMPROVEMENTS and FEATURES: The house is a one story rambler built in 1977. It has a walkout basement with 1,000 square feet finished. fiAl.i+,S COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable 92 Comparable 93 ADDRESS' 1970029 11, Ave 2930 Brockton La 2900 Urbandale La 17920 30` PI. PID# 19-118-22-33- 0026 19-116-22-32-0007 19-118-22-31-0051 19-118-22-42-0003 SALE DATE: 7/17103 7130/03 2127104 SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: 277,000 374,000 250,000 6,925 9,350 2,500 283,925 383,350 247,500 TYPE OF BLDG: l Story t Story 1 Story 1 Story ABOVE GRADE FINISH 2076 1526 33,000 2022 3,240 1434 38,520 QUALITY; Ab. Avg Avg 5,000 Ab. Avg- Esc 5000 Avg 5,000 AGE: t977 1964 13,850 1967 13,090 1962 15,000 CONDITION: Avg Avg Avg Avg BEDROOMS: 4 5 3,000 5 3,000 4 OF BATHS 3.5 2.5 4,000 3 2,000 3 2,000 FIN. BSMT, AREA: 1,000 sq.fl. 1,200 1,600 1,150 1,300 1,000 WALKOUT: Below Avg No 3,000 Avg 1000 Avg 1,000 FIREPLACES: 2 l 4,000 3 4,000 1 4,000 GARAGE: TYPE AREA SQ FT 2 Car Attached 2 Car Attached 2 Car Attached + TuckUnder 5,000 2 Car Attached DECK: Yes No 1,400 Yes- 5,500 s .1t 4,100 No 1,400 LOCATION: Greentree West Unplatted SEC 19 Greentree Forest 2nd Greentree Corner or Co.Rd.101 30`1' PI 10,000 NET ADJUSTMENT: 59,650 5,070 74,920 ADJ SALE PRICE: S343,575 S378,280 S 322,420 343,575 C OMPARARLE SALES q k Q i CONWARABLE #1 COMPARABLE 92 2930 Brockton Lane 2900 Urbandale Lane 1 COMPARABLE #3 17920 30"' Place Sales MapNComparable W+E City of This represents a compilation of information and 5 data from city, county, state and other sources that has not been field verified. Information should be field Plymouth, MN verified and compared with origianl source documents. OWNERS CONCERNS: Mr. Klone is very concerned about taxes being levied against individuals on a fixed income. He spoke twice during the local Board of Appeal & Equalization meeting on this issue. After reviewing the sales of comparable properties Mr. Klone feels his estimated market value is too high. He said he has found homes that have lower valuations and lower taxes that are comparable to his. RECONCXLATION OF VALUE: Prior to the local Board of Appeal & Equalization I took a closer look with Mr. Klone at the property located at 18430 30t" Place N. Mr. Klone felt his value was high compared to that property. The property has a2004 estimated market value of $294,400. Itis smaller, with 1,884 sq.ft. above grade finished. The other differences are one less 5/4 bath, and it has no walkout. The site is less desireable as it is located on the corner of 30th Place N. and Urbandale, compared to Mr. Klone's property located at the end of a cul -d - sac. I feel these differences are reflected in the 2004 estimated market values of these two properties. I inspected the property on April 12, 2004. The home was built in 1977, is in good condition although it has not been updated. I compared Mr. Klone's property to three sales of comparable property. The properties are all located in the Greentree neighborhood. All properties are one story homes. The subject property has 2076 above grade square footage, larger than any of the comparable properties. The adjusted sale prices range in value from $322,420 to $378,280. Comparable sale 0 is located on the coiner of County Road 101 and 30t" Place N. Because of it's location and size I feel it is the weakest comparable. I spoke with Mr. Klone on April 21, 2004 and explained based on the adjusted sales prices of the other comparables I feel the 2004 estimated market value remain unchanged at 329,900 Cindy Bowman, CMA Appraiser 763) 509-5353 ebownnarn@ci.plynnouth.nun.us 2004 LOCAL BOARD OF APPEAL & EQUALIZATION CITY OF PLYMOUTH April 12, 2004. n,Address: / rProperty Identification: Owner Name:_ .C 6 AGC- Purchase Price: Address: SA_7_Lt .'.Purchase Date: i .j - ..• _.'. fL. n .}'r1'!. .: _.r t r+l sa - 4 ,i i Comi ir yty/71n 'iLk.r5, Please check if you wish to summarize your appeal to the Board at the podium. CODE: Assessment of 18700 28th Avenue North Updated 22 -Apr -04 TODAY 22 -Apr -04 This document is to support an appeal of assessment to lower the overall value of our 18700 28th Avenue North home. Three categories will be shown to give perspective of value added features, potential repairs and finally some recognition of dating item(s). RECENTLY REPLACED (within fast 5 years) Patio Sliding door (clad upgrade) $2,000 Flooring Kitchen, Dinette, and Laundry (quality vinyl) $4,000 Carpet Living Room, Dining Room $1,000 Total $7,000 POTENTIAL REPAIRS Roof New shake shingles and underroof(where needed) 22,000 Driveway 12 years old or more 1,200 Sidewalks Original 1,500 Brick Veneer Original 800 Siding Periodic Repair 400 Furnace Original 3,000 Air Conditioning Original 1,200 Total $30,100 UPDATING Carpet (including lower level) $4,000 Total $4,000 Potential Expense to Buyer $34,100 Note: This home was built in 1978 and we have owned this home for nearly 24 years. END Report # 7 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Carol Burgess PROPERTY ADDRESS: 16705 12 th Ave N PID #: 32-118-22-21-0059 LEGAL DESCRIPTION: Long Legal PROPERTY TYPE: Residential Lakeshore 2004 MARKET VALUE VALUE PRIOR TO ASSESSOR'S LOCAL BOARD RECOMMENDATION LAND MARKET VALUE 120,000 STRUCTURE MARKET VALUE 511,700 TOTAL MARKET VALUE 631,700 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value $520,000 551,000 $631,700 Limited Market Value $520,000 551,000 $631,700 Improvement SUBJECT PROPERTY ADDITIONAL SUBJECT PHOTOS View of Rear Diagram Gross BIdg Area: 1,730 Sq. Ft. Garage Area: 966 Sq. Ft. Porch : 266 Sq. Ft. Deck 1,088 Sq. Ft LOCATION: The subject is located on the northwest side of Gleason Lake on 12th Avenue. It is a very mixed neighborhood in regard to age and values. The houses in the area range in value from $208,000 to $1,223,000. The houses range in age from new to the 1940's. There are some properties on Gleason Lake and others off the lake. Across the street is a small rambler built in 1947 that sold for 275,000 in October of 2003. Next door to the subject property is a newly built rambler that sold for $1,103,395 in October of 2003 SITE: The site is irregular in shape and is 26,937 square feet in size and located on Gleason Lake. It has approximately 50 feet of lakeshore. The site is heavily wooded on the lakeside of the house. IMPROVEMENTS and FEATURES: The subject site is improved with a very good quality walkout rambler that has 1,730 square feet. There is a large three car attached garage that has 966 square feet. On the lake side of the house is a large deck system and a good quality four season glazed porch. The main floor has a large kitchen that is open to the great room. The kitchen is large and open with a center island with a cook top and ceramic tile counter top. The kitchen and great room have 12 -foot trayed ceilings. The great room has a large fireplace with an entertainment area built into it. It also has a wet bar area. The master suite has 10 -foot trayed ceilings and is large. The deluxe bath has a skylight and ceramic tile floor and wainscoting around the whirlpool bath. This level also has a half bath with wood floor and a laundry room with ceramic tile floor and formica cabinets and counter tops. There is a full basement that walks out to the lakeside of the lot. The lower level has 9 -foot ceilings and is finished with good quality materials and craftsmanship. The family room is large with a large fireplace and built in entertainment system. There is a wet bar with good quality cabinets and corion counter tops. This level also has three bedrooms and a full bath. There is a small area not finished that contains the mechanical systems. Subject Location Map SALES COMPARISON ADJUSTMENT GRID INDICATED VALUE AS OF JANUARY 2, 2004: 5650,000 SulSject Compaxabl;] a Comgarabe#2x _ Couiparable #3 Comparable #4 ADDRESS: 16705`12 Ave 1380 Walnut Grove Lane 2030 Kimberly Ct. 2040 KnTiberly Ct. 910 Garland Ln. PID# 32-118-22-21-0059 30-118-22-34-0040 29-118-22-23-0058 29-118-22-23-0059 32-118-22-24-0019 SALE DATE: 9/1996 9/2003 12/2002 6/2002 5/2003 SALE PRICE: 515,000 780,000 734,000 642,000 449,900 TIME ADJUSTMENT: 02% 09 % 135% 06% ADJ.SALE PRICE: 795,600 800,100 728,700 476,900 ADJ.SALE/SQ FT: 297.69 356.13 318.60 248.86 264,94 TYPE OF BLDG: Rambler Rambler Rambler Rambler Rambler ABOVE GRADE FINISH 1,730 sq ft. 2,234 sq. ft. 560,500 2,512 sq. ft. 593,800 2,936 s .ft. 144,700 1,800 s .ft. QUALITY; Ab. Avg Excellent. 25,000 Excellent 25,000 Ab. Avg. Avg. 120,000 AGE 1996 2000 21,000 1997 1956/ 1999** 1952/ Add'n 92 48,500 CONDITION: Good Good Good Good Avg BEDROOMS: 4 4 4 4 4 OF BATHS 3 4 4,000 4 4,000 5 7000 3 FIN. BSMT. AREA: 1,500 1,500 2,000 20,000 500 40,000 1488 WALKOUT: yes yes yes yes yes FIREPLACES: 2 2 2 3 1.000 2 GARAGE: TYPE AREA SQ FT: 3 Car Attached 3 Car Att 3 Car Att 3 Car Tuck 8.000 2 car Tuck 12,000 DECK: yes yes yes yes yes PORCHES: Glazed Porch Glazed Porch None 15,000 None 15,000 Glazed Porch LOT SIZE SQ FT: 26,937 19,300 19,346 24,073 32,452 LOCATION: Gleason Lakeshore Wooded Very Private Kreatz Lake View Kreatz Lake View Gleason Lakeshore NET ADJUSTMENT: 5110,500 127,800 92,700 180,500 ADJ SALE PRICE: 685,100 672,300 636,000 657,400 INDICATED VALUE AS OF JANUARY 2, 2004: 5650,000 COMPARABLE SALES COMPARABLE #1 1380 Walnut Grove COMPARABLE #3 2040 Kimberly Court COMPARABLE 42 2030 Kimberly Court COMPARABLE #4 910 Garland Lane City of Plymouth, Comparable Sales Map N W+E This represents a compilation of information and 5 data from city, county, state and other sources that has M not been field verified. Information should be field verified and compared with origlanl source documents. OWNERS CONCERNS: Mrs. Burgess stated that her increase in valuation was higher than any of the houses in the area. Her value increase almost 15% and believes the increases on the other properties are between 4% to 13%. She also stated that the comparables are much larger than her property. Sales History: Mrs. Burgess purchased the subject in September of 1996. The Certificate of Real Estate Value indicated a purchase price of $515,000. Mrs. Burgess stated it was a trade of property. The actual purchase price was not disclosed. It was a Parade of Homes house in 1996 and had an asking price of 529,000. Comparable Sales: Four comparable sales were chosen based on their location, style and year built. All sales were adjusted for size and other value related differences. Comparable # 1: Comparable # 1 was built in 2000 and is larger in size to the subject and excellent quality. It is not located on or near a lake. The lot is nicely wooded in the back and the street has very little traffic with only 7 houses located on it and is not a through street. Comparable # 2: Comparable # 2 was built in 1997 and is larger in size to the subject and is of excellent quality. It is located on a corner lot and has little privacy in the backyard. It is not located on a lake however a view of Kraetz Lake can be seen from the front of the house. Comparable #3: Comparable # 3 was originally built in 1956. The property was remodeled in 1997. The home is larger in than the subject size however it has a 3 car tuckunder garage compared to the subject's 3 car attached garage. It is not located on a lake however a view of Kraetz Lake can be seen from the front of the house. Comparable # 4: Comparable # 4 was built in 1952. A 24 x 26 addition was added in 1992. The quality of the home is inferior to the subject. The garage is a 2 car tuck -under. The property is located on the west side of Gleason Lake it has approximately 55ft of lakeshore. 6% 512003 493,000 50/ 6 SUBJECT] 4% 1012003 1,103,393 12% 2i2002 K GLEASON 306,000 z F4 LAKE 512003 449,900 5 GLEASON LAKE - SALES 2004 ESTIMATED MARKET VALUE % INCREASE Cit ofy This represents a Compilation of information and data from city, county, state and other sources that has not been field verified. Information should feldPiymouth, MN verified and compared with ofiglans source docume nts. RECONCILATION OF VALUE: The market sales on Gleason Lake and in the City View Acres neighbor have been strong the previous 2 years. On the west side of Gleason lake three lakeshore properties sold in 2003. Properties with actual lakeshore on the west side received and average increase of 24 % for the 2004 assessment. Properties with lakeview received an average increase of 13 %. The subject property has lakeshore and the increase for the 2004 assessment was 14.6%. An attached map of the west side of Gleason Lake show the resent sales and the percentage of increases in market value for the 2004 assessment. The property next door to Mrs. Burgess sold in October of 2003 for $ 1,103,395. On the east side of Gleason Lake, a property sold for $689,000 and the new owners tore down the house and are building a new home on the site. Some of the properties that Mrs. Burgess is referring to in her data are on Dunkirk Lane and considered in another neighborhood. After careful consideration of all the available data, making adjustments for any differences, the comparable sales indicate a value range of $636,000 to $685,100. It is my opinion that the market value for the subject of $631,700 remain unchanged for the January 2, 2004 assessment. 631,700 W- U - 4 Nancy Bye, CAE, SAMA City Assessor WUA'Ii2XTI0N-. L"13OAR0 OF AP EA200A.'LOCA P f& CITY OF PLYMOUTH April 1:2.12004-'. Addr&sis: Pr66-6itv Identification =cP Owner Name: Purchase Pn / 3, Address: y,ity, ip: 2 stini af edRSPD Z, arket valIv- x ` ' 'Any appeal should be based on evidence"that the 0(i4 Estimated Market Value exceecis,'tbx f market value of the pro Oerty Pleaselist the reasons why you believe the property coulda A-AF7,rim jA' Ar 4 Please check if you wish to summarize your appeal to the Board at the Oo'dium. T GOVT LOT 4 fit) P•1, s 7 a Z6) ( Z7) (Za) 47VT I -- w 5 Aa. . sirt5i 9 1 79 -4 56) S 55) r f f d i ao f e cz Z's i -• 82) r 57) z2) 23) ZA) 9 LOT 71 2,— 3 3, 0 0 0 t 3- 4-S, o 0 0 4-- 4-S, 000 5-34,odo 4 Lor 9 - 78 , P. LOT it ( 4A) oU r L-nT VAC: ATED ate• :-n 1 v 29) tis) o)• z7) t Aa. . sirt5i 9 1 79 -4 r f f d i aole cz Z's i -• 82) r z2) 23) ZA) 9 LOT 2,— 3 3, 0 0 0 t 3- 4-S, o 0 0 4-- 4-S, 000 5-34,odo Lor 9 - 78 , P. LOT B s'- aWNED U N rtc.. t 140. oU r L-nT VAC: ATED Aj 970,1 51 Q 30.0 • Ijo.15 •ND 1LITY / EA B , g .Is7 7 DRAINAGE ' x + W C. FtP4 p wi K W . 5 El rc e FRo YAR[y Qi + l MIN, M V J 0 l 94 N % 0 J 7. o (y I \ 'LY Ijj o x y e v' IIlls 355,3 Co LU CD Q C b 0 I' Q I 4 j0 { .. r o 0 QIP fir From: "Nancy Bye" <NBye@ci.plymouth.mn.us> Subject: Square feet & Room Count Date: April 12, 2004 9:09:39 AM CDT To: "Carol Burgess (E-mail)" <burge003@umn.edu> 69 1 Attachment, 5.5 KB Carol, The following is the information you requested Address S Ft 5kq Room Counthr' ti , r ` s a f9} 10 Ga_ rland-.Lane _( Blt 1952) ;rs - 1,800 ` --- s Bedrooms /•., y _' Lakeshore : " P''F { 3 b2 car + 8 {rL l ti' Z tuckunder i 4 4-'s > s - w,,' 3 2030 Kzinberfy Court (BIt 1997)p 1225GY s' z ''` Bedrooms, P;, f 3tcar Attached _4 :Baths i 2040 KimberlyCouri (Blt 1956)Q, 3. =3, ` 2,928 Yt TIN( t.'r omsBedro J cia r. tuckunder r sj rA 5 Baths 1380 Walnut Grove Lane (BIt 2000) 2286 sq ft. 3 Bedrooms F 3 carj attached k{ 4 Baths 7 1 y4_ i fix., •- -r.- - a Comparisons 2004 Est. Mkt. Approx. % Increase Value for '05 taxes In immediate neighborhood: 0)1210 Dunkirk 652,300 4% Similar style, Larger, many more amenities, 2 car garage 5)1200 Dunkirk 365,800 5% 3 story wl walkout„ 2 car garage Part of 1)16705 12" Avenue 631,740 15% Under 1750 sq. feet.on main level, 3 car garage 2)16725 ffmAvenue 351,400 Sold 5103 $493,000 Split level, updated by previous owner, 3 car garage 3)16805 12' Avenue 312,200 13% Split Ievel, 3 car garagr A)16825 12`h Avenue 326,400 12% Updated when 3 car garage added B)16831 12' Avenue 311,900 11% Rambler wl walkoit. 3 car gaarage Same house plans, built by same builder 14715 1 Ph Avenue 522,700 2 car garage Other Comparative Sales 17330 12' Avenue North 198,500 940 Garland 330,400 1300 Dunkirk 278,700 61/2% Sold 8103 $245,000 Sold 6102 $330,000 Sold 11102 $280,00 April 6, 2004 Carol Burgess 16705 12'h Avenue North Plymouth, MN 55447 PID# 32-118-22-21-0059 CITY OF PLVMOUTH- Re: 2004 Estimated Market Valuation Dear Ms. Burgess: 0 Pursuant to our telephone conversation on April 6, 2004, the following is a sales Iist of rambler style homes in the city. As with any comparable sale, it is necessary to make adjustments for location, size, age condition and etc. in order to use it as a comparable to the subject property. Also Iisted are some of the current sales in close proximity to your home. Address Sale Date Sale Price N 1012003 275,000 G' 16725 121h 910 Garland Lane N 512003 449,900 493,000 2030 Kimberly Court N 1212002 734,000 G,981 O 2040 Kimberly Court N 612002 624,000 7v1 ooa 1380 Walnut Grove Lane N 912003 780,000 7 a 7/ 6o0 Other sales in the immediate area: 16730 12 th Ave N 1012003 275,000 G' 16725 121h Ave N 512003 493,000 16715 12th Ave N 1012003 1,103,395~ These sales are provided as general information of the recent sales activity, I hope this information is helpful to you in your review of the 2004 valuation. neighborhood and Yours truly, 21 74-< Nancy Bye, CAE, SAMA City Assessor PLYMOUTH A Beautifu[Pface to Live 3400 PI YMOUTH ROI 11 FVARn • PI YAAr^il ITH AAINNIP0,0TA gg447.14R9 . TFI FP4-Hr)MF f7F31 qoo-gnon 1670.6 P-' `' mi Fry , 1. iAL' r C'y t 197N a, All Va tri, O-W eraw i._ ON ak- N-- t aF ti4 d . t4 F ' e ,I it , t 3 ti• I 4 fi I + u °. } ` 4r ,r _ st i, fY ftPAy` ,"' K ft ,, is a • i WPM O-W eraw i._ ON ak- N-- t aF ti4 d . t4 F ' e ,I it , t 3 ti• I 4 fi I + u °. } ` 4r ,r _ z . ao3d a a C Report # 8 PROPERTY OWNERS NAME PROPERTY ADDRESS: LEGAL DESCRIPTION: 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION West Medicine Lake Community Club 1705 Forestview Lane 26-118-22-42-0001 PROPERTY TYPE: Commercial - Community Club 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 299,000 No change STRUCTURE MARKET VALUE 1,000 No change TOTAL MARKET VALUE 300,000 No change ASSESSMENT HISTORY 2002, 2003 2004 Total Market Value $ 70,000 70,000 299,000 Limited Market Value $ 56,000 56,000 1,000 Improvement $126,000 126,000 300,000 OWNERS CONCERNS: Board of Directors felt value change in one year was to great. After discussion with Fay Buzz" Buss, (Club Manager) he agrees to current assessed value of $300,000. No further action required. Respectfully submitted, Earl E. Zcnt, CAE, -; A Commercial Property Appraiser. l 2004 LOCAL BOARD OF APPEAL & EQUALIZATIONIZATTON r .! CITY OF PLYMOUTH - April 12, 2004 Address: Property Identification: Owner Name: 2 C—S T Mme. )Ne!, Lpz,,-Purchase Price: Address: _1.2 0 -s E 64 &s -i' V , s Purchase Date: City/Zip: PL y '!c r c ,c1- S5 ZI I e 2004 Estimated 1t Market Value o Daytime Phone.: 'Zlfl3 -553 — aZ _ Any appeal should be based on evidence that the 2004 Estimated Market Value exceeds the true market value of the property. Please list the reasons why you believe the property could not sell for the value. under appeal. F Cv sr'rl lacb iLrAil7 ir /.a< Please check if you wish to summarize your appeal to the Board at the podium. REPORT #9 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Shibin Li PROPERTY ADDRESS: 17540 48`x' Place North PID #: 07-118-22-41-0075 LEGAL DESCRIPTION: Lot 12 Block 2 Conor Meadows Plat 3 PROPERTY TYPE: Residential — Two Story 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 80,500 244,000 STRUCTURE MARKET VALUE 218,900 Limited Market Value TOTAL MARKET VALUE 299,400 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 244,000 261,800 299,400 Limited Market Value 239,800 0 0 Improvement 0 0 0 SUBJECT PROPERTY Sty Ht Dimensions Sq Ft 2/B 19 x 23 437 2/B 17 x 16 272 1/B 20 x 17 340 Q/G 22 x 16 352 Q/G I x 11 II Ground Fl. Area = 1412 Second Fl. Area — 709 Gross Bldg Area — 2121 Porches/Decks Deck 12 x 16 — 192 3 x 3 = 9 Diagram 33 13 12 15 16 Subject Location Map ADDRESS: PID# SALE DATE: SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: ADJ.SALE/SQ FT: TYPE OF BLDG: ABOVE GRADE FINISH QUALITY; AGE: CONDITION: BEDROOTNIS: OF BATHS FIN. BS11IT. AREA: WALKOUT: FIREPLACES: GARAGE:TYPE DECK: PORCHES: NET ADJUSTMENT: ADJ SALE PRICE: ADJ SALE /SQ FT: INDICATED VALUE A`. SALES COMPARISON ADJUSTMENT GRID Snbject Comparable #1 Comparable #2 Comparable #3 Comparable #4 17540 48" Place North 17730 48" Place North 17500 49°i Avenue 17500 49"i Place North North 17515 49"i Avenue North 07-118-22- 41-0075 07-118-22- 41-0038 08-118-22- 08-118-22- 32-0016 32-0033 07-118-22- 41-0071 July 2003 Apr 2003 Oct 2003 Tan 2004 329,500 306,900 308,800 328,000 2.5% 4% 1% 0 337,700 319,200 311,900 328,000 183.04 173.34 178.13 149.09 Two Story Two - stoly Two - Two Story Story Two Story 2121 1845 +I3800 1863 -1-12900 1751 18500 2200 Good Good - Good - Good Good 1999 1999 - 1999 - 1999 1999 Good Good - Good - Good Good 4 3 +6500 3 +6500 3 6500 4 3 3 - 3 - 3 3 None None None - None None WO WO - AVO - WO None 5000 1- 2 Car ATT 2 Car ATT - 2 Car 3 Car ATT - ATT 12000 2 Car Att Yes None +4500 Yes - Yes Yes None None - None - None None 24,800 19,400 $ 37,000 5,000 362,300 338,600 $324,900 333,000 196.48 181.75 $ 185.55 15136 i OF JANUARY 2, 2004: 11 $ 320,300 $ 151,00 Per Sq Ft 2004 LOCAL BOARD OF APPEAL & EQUALIZATION CITY OF PLYMOUTH April 12, 2004 Address: _ ./ -7,rZ6 D 44TH NL_ Aj. _ Property Identification: D Owner Name: 4"U rc> c h a s e Price: 2 bp,, v Address: _574;;41%t L/ Purchase Date: Z1 12-ooc; mm City/Zip: S-S,4y-.0 2004 Estimated Market Value: Daytime Phone: 61z —375`--77z6 Any appeal should be based on evidence that the 2004 Estimated Market Value exceeds the true market value of the property. Please list the reasons why you believe the property could not sell Please check if you wish to summarize your appeal to the Board at the podium. VALUE CONCLUSION LOCATION: The subject property is located on a comer lot in the Conor Meadows Plat 3 Addition in the City of Plymouth. The lot is in the interior portion of the subdivision away from Schmidt Lake Road and Peony Lane. SITE: The site is typical for the neighborhood. The lot slopes to the rear to provide adequate grade for a full walkout basement. IMPROVEMENTS and FEATURES: The s ite i s i mproved w ith a t wo s tory structure built in 1999. The structure too is typical for the neighborhood. All the structures were built within a two year period by the same builder. There has been central air and a deck added since the purchase of the ]ionic. RECONCILATION OF VALUE: An on-site inspection was c onducted on April 15. The subject property was compared to four sales in the immediate neighborhood. They are all built about the same time by the same builder and are all the same quality. Since the time of purchase many of the homes in the neighborhood have added porclies, decks and basement finish. The subject does not have basement finish or a porch. None of the comparables used had basement finish or a porch at the tine of the sale. It is the opinion of this appraiser that the estimated market value should be a 320,300 Mr. Li was reached on April 16. The assessment process was explained to him and he was told of the sales that have occurred in his neighborhood. Mr. Li dropped his appeal. 1l, Janice Olsson AMA, RES Senior Appraiser REPORT #10 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Guoguang Chen PROPERTY ADDRESS: 17530 491h Avenue North PID #: 07-118-22-4I-0061 LEGAL DESCRIPTION: Lot 2 Block 1 Connor Meadows Plat 3 PROPERTY TYPE: Residential — Two Story 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 80,500 322,900 STRUCTURE MARKET VALUE 242,400 TOTAL MARKET VALUE 322,900 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value $265,200 283,300 322,900 Limited Market Value $257,300 Improvement _ SUBJECT PROPERTY Sty Ht Dimensions So Ft 11B Irregular 529 2B Irregular 642 Q/G Irregular 378 Ground Floor 1,549 Second floor 642 Gross Bldg Area 2,191 Deck 12 x 14 168 Diagram 14 12 Subject Location Map Connor Meadows Plat 3 I ADDRESS: I PID# SALE DATE: SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: ADJ.SALE/SQ FT: TYPE OF BLDG: ABOVE GRADE FINISH QUALITY; AGE: CONDITION: BEDROONIS: OF BATHS FIN. BSAIT. AREA: WALKOUT: FIREPLACES: GARAGE DECK: PORCHES: SALES COMPARISON ADJUSTMENT GRID Subject 175304 9TH Ave N 07-118-22- 41-0061 IATA Two Story 2191 Avg 1999 Avg 4 3 None WO 2 Car Yes None Comparable #1 4950 Olive Lane N 07-118-22-41- 0030 June/2003 349,900 3% 360,400 173.52 Two - Story 2077 +9100 Avg - 1999 - Good -5000 4 - 4 -3500 1143 -20600 WO - 1 - 2 Car - Yes - None - NET ADJUSTMENT: 38,200 ADJ SALE PRICE: 340,400 ADJ SALE /SQ FT: 163.89 INDICATED VALUE AS OF JANUARY 2, 2004: 328,700 Comparable #2 17515 491' Ave N 07-118-22-41- 0071 Jan/2004 328,000 0% 328,000 149.09 Two - Story 2200 - Avg - 1999 - Avg - 4 - 3 - None - None +5000 1 - 2 Car - Yes - None - 5,000 333,000 151.36 Comparable #3 4925 Narcissus Lane N 07-118-22-41- 0046 April/2003 335,000 5% 351,800 161.75 Two - Story ` 2175 - Avg - 1999 - Good -5000 3 +6500 4 -3500 966 -17400 WO - 1 - 2 Car - Yes - None - 32,400 332,400 I52.83 Comparable #4 4895 Merrimac Lane N 07-118-22-41-0055 Dec/2002 317,000 6% 336,000 18221 Two - Story 1544 +27800 Avg - 1998 Avg - 4 - 4 -3500 700 -12600 WO - I - 2 Car - Yes - None - 43,900 347,000 188.56 150.00 Per Sq Ft VALUE CONCLUSION LOCATION: The subject property is located in the City of Plymouth in the Connor Meadows Plat 3 subdivision. The subdivision is a neighborhood of very similar homes all built about the same time. The area has access to the new extension of Schmidt Lake Road which allows good egress/ingress. SITE: The subject property site is average for the neighborhood. The lot slopes to the rear of the property allowing for a full walkout in the dwelling. The back of the yard abuts Schmidt Lake Road. IMPROVEMENTS and FEATURES: The site is improved with a two story structure built in 1999. There have been no additions to the property since it was built. The owners concerns are explained on the following page. 2004 LOCAL BOARD OF APPEAL &EQUALIZATION YD CITY OF PLYMOUTH April 12, 2004 Address: l m o 'M Ave, Property Identification; 0 Owner Name: fy1 e T 1 Purchase Price:_ Address: 7r3 0 X 771 4 6, A/' Purchase Date: l1S- 2-2 l O°l cz 0 City/Zip:_jlneh 2004 Estimated Market Value: 3 Z Z d 0 Daytime Phone: 9S Z - 236 - 7z z-5 - - Any appeal should be based on evidence that the 2004 Estimated Market Value exceeds the true market value of the property. Please list the reasons why you believe the property could not sell for the value under appeal. Please check if you wish to summarize your appeal to the Board at the podium. RECONCXLATXON OF VALUE: All of the comparables are located in the same neighborhood as the subject property. They are all built by the same builder within a two year period of time. The differences are in the various models, the amount of basement finish, the existence of a deck or porch and the number of bedrooms on the second floor. An on-site inspection was conducted April 14. As indicated by the adjustment grid the 2004 estimated market value is inline with the comparable sale data. It is the opinion of this appraiser that the value remain unchanged at 322,900 Mr. Clien was contacted on April 16, he assessment process was explain and he was told of the sales in his neighborhood. Mr. Chen dropped his appeal after understanding the assessment practices. Janice Olsson AMA, RES Senior Appraiser Report #11 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Nilabh Narayan PROPERTY ADDRESS: 13205 55"' Place North PID #: 03-118-22-43-0018 LEGAL DESCRIPTION: Bass Lake Terrace PROPERTY TYPE: Single Family Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 66,000 297,800 i STRUCTURE MARKET VALUE 231,800 TOTAL MARKET VALUE 297,800 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 253,800 $266,200 297,800 Limited Market Value 240,700--------- Improvement SUBJECT PROPERTY 13205 55'h Place N/Bass Lake Terrace 03-43-0018) Map of Subject & Comparables SAZ.ES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable #2 Comparable 43 Comparable 4 ADDRESS: 13205 55" 5420 Teakwood 5400 Teakwood 5415 Vinewood PID# 03-43-0018 03-43-0053 10-12-0004 10-12-0014 SALE DATE: 10/31/2002 10/23/2002 01/24/2003 SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: 277,500 263,000 322,000 22,200 21,000 19,300 299,700 284,000 341,300 ADJ.SALEISQ FT: 144 137 164 TYPE O1' BLDG: Split Split Split Split ABOVE GRADE FINISH 2,077 2,080 2,071 2,086 QUALITY; Avg Avg Avg Avg AGE: 1991 1992 1992 1992 CONDITION: Av Avg Avg Avg BEDROOMS: 3 3 3 4 3000 OF BATHS 1 314 2 112 3000 2 1000 3 5000 FIN. BSMT. AREA: 0 0 0 0 WALKOUT: No No No No FIREPLACES: 1 1 1 1 GARAGE: TYPE AREA SQ FT: 3 car attached 2 car attached 12K 2 car attached 12K 3 car attached DECK: Yes Yes Yes --Lr 2000 Yes PORCHES: No SP 2300 No No LOT SIZE SQ FT: LOT DESCRIPTION: Avg Avg Avg Avg LOCATION: Bass Lake Terrace Bass Lk I'err Backs up to NW) 5000 Bass Lk Tear Backs up to NW) 5000 Bass Lake Terrace POOL: No No No No NET ADJUSTMENT: 11,700 14,000 8,000 ADJ SALE PRICE: 311,400 298,000 314,000 INDICATED VALUE AS OF JANUARY 2,2004: 5347,800 i COMPARABLE #1 5420 Teakwood/Bass Lake Terrace 03-43-0053) COMPARABLE 42 5400 Teakwood/Bass Lake Terrace 10-12-0004) COMPARABLE #3 5415 Vinewood/Bass Lake Terrace 10-12-0014) VALUE CONCLUSION LOCATION: The property is in Bass Lake Terrace, off of Northwest Blvd and 55t" Avenue North. SITE: The site is pie shaped, fronting 55"' PIace North, several houses in from Northwest Blvd. IMPROVEMENTS and FEATURES: The home is a split level, single family residence built in 1991. OWNERS CONCERNS: Mr. Narayan feels that due to the economic downturn, repairs & updates to his property & to his neighbors have not been done, thus diminishing the value of his home, some of his neighbors homes and the neighborhood in general. RECONCILATION OF VALUE: I inspected the property, and found that the home is in good overall condition. There are some minor issues such as a crack in the concrete garage flooring and three windows that fog up and may need to be replaced at some point, but nothing out of the ordinary for a home that is thirteen years old. After inspecting the property and reviewing comparables in the neighborhood, I recommend the 2004 estimated market value remain at: 297,800. Mike Henderson, CMA Appraiser, City of Plymouth 2004 LOCAL BOARD OF APPEAL & EQUALIZATION;.,r; CITY OF PLYMOUTH April 12, 2004 Address: .2 05 55PLACG -P4. Property Identification: d 3 _02, _ 43 Opt$ Owner Name:_ N I L=&Fd ,hJ&g g Address: S,Zp 5 5 5"- P LAct— N - Purchase Price: 1 5 MOO Purchase Date: 41 so/ 1112 Please check if you wish to summarize your appeal to the Board at the podium. City/Zip: 2004 Estimated Market Value:9 001 Daytime Phone: 761 494' I g 58 Any appeal should be based on evidence that the 2004 Estimated Market Value exceeds the true market value of the property. Please list the reasons why you believe the property could not sell for the value under appeal.$.STN LJUGt-F , SGV r. 3 Sr 4 Gi 0l Is f36G—rr +v `''•r :'yx.. SA,. rNLn u NrG vR OF 00 j%j&iG-F4R Nfr H 13 o RAUEEN Sl CLARr ' F fJ Sr rr MGLF) N ve ALso sN S rlyu_. A PLy Fbp-r-rtDQ MA r T e "A -NC C !Lj v TC W C- LL' - V 1.-D TI LL—x" [ T O 1IE LL 6 f 6H 8 fi n b Tt VN, AV f4TD 7' b R GVT NK P 77 WOULD r4irr A P A—r G fls 4YGLA. 4 c wer Sa &7 S W -TI-4 r N{GH rN c -T Please check if you wish to summarize your appeal to the Board at the podium. Report # 12 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Donald Olson PROPERTY ADDRESS: 10825 40"' Aveune North PID #: 13-118-22-32-0074 LEGAL DESCRIPTION: Long Legal PROPERTY 'TYPE: Residential 2004 MARKET VALUE VALUE PRIOR TO ASSESSOR'S LOCAL BOARD RECOMMENDATION LAND MARKET VALUE 64,000 STRUCTURE MARKET VALUE 173,900 TOTAL MARKET VALUE 237,900 No change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 203,200 220,600 237,900 Limited Market Value 188,700 211,300 0 I1il rovernent 0 0 0 OWNERS CONCERNS: Mr. Olson's questions where answered during the meeting. He was not appealing his valuation. He just wanted to comment on his experiences with properties in other States. Nancy Bye, SAMA, CAE City Assessor Report # 13 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Frank Moriarty PROPERTY ADDRESS: 3885 Niagara Lane North PID #: I6-118-22-42-0107 LEGAL DESCRIPTION: Lot 5 Block 3 Parkview Ridge 2nd PROPERTY TYPE: Single Family Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION— ECOMMENDATION— LAND MARKET VALUELAND 54,000 201,200 $218,300 $228,500 STRUCTURE MARKET VALUE 174,500 TOTAL MARKET VALUE 228,500 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 220,800 $218,300 $228,500 Limited Market Value 201,200 $218,300 $228,500 Improvement OWNERS CONCERNS: Mr. Moriarty stated that he never received a notice last year with the market value set at 218,000, or he would have challenged that number. Mr. Moriarty purchased the home in July 2002 for $208,000. The bank appraisal was for 210,000. Wouldn't the market value be from $208,000-210,000? With a 5% increase on $210,000 for 2004 the increase in value would be to $220,000. He further states that it would not be fair to compare his two bedroom townhome to larger three bedroom townhouses with lower level family rooms. He would appreciate a review of his property and an explaination of why the Estimated Market Value and the Taxable Market Value are the same. Assessor's Office Plymouth Mn 3400 Plymouth Blvd Plymouth Mn Dear Sir: 0 L4 -q -a-10" l Re: Property Tax Valuation Notice for the property at 3885 Niagara Ln N..Plymouth Mn I would normally be at the meeting April 12 at City Hall,but I will still be in Chicago Il and not back in town until April 13th. I would appreciate a review of my current Notice of Valuation for 2005 taxes of $228,500 for the following reasons: 1) I never received a notice last year setting my Market Vaqlue at 218,000..if I had I would have also challenged that number. 2) I purchased my home in July of 2002 for 208,000 and the bank apprasial was for 210,000. Shouldn't this have set my 2004 Tax Market Value somewhere around 208,000..or 210,000??? 3) Based on 210,000 for 2004 and figuring a 5% increase in value ..220,000 would be the possible number to use for 2005 Market Value. 4) Using local neighborhood numbers from recent sales is not fair in my case,because I own one of the smallest homes in the area .... we have a two bedroom townhouse surrounded by homes with 3 bedroom homes with lower level family rooms (we have no lower level) I would appreciate your careful review of my 2005 market valuation. I would also appreciate it if you or your staff could explain why my Estimated Market Value of 228,500 and the Taxable Market Value are the same??? Again,thank you for your consideration of my request. Respectfully, Frank Moriarty 3885 Niagara Ln N Plymouth Mn 763)577 5907 app a s pp4 SUBJECT PROPERTY COMPARABLE #1 3969 Niagara Lane North PIN 16-118-22-42-0094 COMPARABLE #2 3937 Niagara Lane North PIN 16-118-22-42-0103 COMPARABLE 93 3835 Minnesota Lane North PIN 16-118-22-42-0134 Subject Location Map SALES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable 42 Comparable #3 ADDRESS: 3885 Niagara LnN- 3969 Niagara Ln N 3937 Nia ara Ln N 3835 Minnesota Ln N PID# 16-118-22- 42-0107 16-118-22-42-0094 16-118-22-42-0103 16-118-22-42-0134 SALE DATE: 10/24/02 11/22/02 3121103 SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: TYPE OF BLDG: 239,000 243,000 229,900 A-12% 10% 9% 2 Story 267,700 2 Story 267,300 split 250,600 S lit ABOVE GRADE FINISH 1,734 S.F. 2,108 S.F. 18,700 1,320 S.F. 20,700 1,144 S.F. 29,500 AGE: 1991 1991 1991 1992 CONDITION: Average Average Average Average BEDROOMS: 2 3 3,000 3 3,000 2 OF BATHS 1+314 2+1I2 2,000 2 1,000 2 1,000 FIN. BSMT. AREA: None None 1,300 S.F. 32,500 1,000 S.F. 25,000 WALKOUT: No No No No FIREPLACES: None 1 4,000 1 4,000 1 4,000 GARAGE: TYPE AREA SQ FT: 2 car Attached 2 car Attached 2 car Attached 2 car Attached DECK: No No Yes 3,000 Yes 3,000 PORCHES: 3 season porch No 7,500 No 7,500 No 7,500 NET ADJUSTMENT: 20,200 15,300 7,000 ADJ SALE PRICE: 247,500 252,000 257,600 RECONCILATION OF VALUE: Mr. Moriarty said that he did not receive a 2003 valuation notice. The valuation notices are railed out from The Hennepin County Government Center. To my knowledge Mr. Moriarty did not notify either The Hennepin County Assessors Office or The Plymouth Assessing Office of this problem. Mr. Moriarty purchased the property July 8"i, 2002 for $208,500. The 2004 Estimated Market Value on January 2'd, 2004 was $228,500. This valuation was based on the average sales activity for his neighborhood through the fall of 2003. The sales range of those sold units were $217,500-303,500. He says it would not be fair to compare his two-bedroonn townhomc to larger three bedroom townhouses with lower level family rooms. Because there wasn't any units exactly the same size and floor plan that sold, two of the comparables used are actually smaller split-level designs. Adjustments were made in consideration of the differences in size and number of bedrooms. I reviewed the property on April 13`x'. At that time I explained in detail the difference between the Estimated Market Value and the Taxable Market Value. Mr. Moriarty was called April 19"' and a message was left. He returned a call to nye April 20"' in which I stated that based on sales in his neighborhood the valuation should be unchanged. After reviewing comparable sales the recommendation is: 228,500 1 , t)j't Paul Kingsbury, CMA Appraiser, City of Plymouth 763 509-5357 pkingsbu@ci.plyinouth.rnn.us Report # 14 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: M. Susan Clark PROPERTY ADDRESS: 13 Union Terrace Lane North PID #: 36-118-22-34-0055 LEGAL DESCRIPTION: Lot 26 Block 4 Ivanhoe Woods PROPERTY TYPE: Single Family Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 65,000 172,100 STRUCTURE MARKET VALUE 124,400 Limited Market Value TOTAL MARKET VALUE 189,400 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 172,100 180,700 189,400 Limited Market Value 140,800 157,600 181,200 Improvement 4 - RFO am I I= April 8, 2004 Paul Kingsbury, Assessor City of Plymouth 3400 Plymouth Boulevard Plymouth MN 55447 RE: PID 36-118-22 34 0055 13 Union Terrace Lane North Dear Mr. Kingsbury; As you and I discussed over the phone recently, I would like to appeal the 2004 valuation of my home. I am aware that I will have to make an appointment for you to view the property prior to April 26 in order for you to determine if its condition and lack of amenities should lead to a different valuation. Thank you for your assistance. M. Susan Clark 13 Union Terrace Lane Plymouth MN 55441 home phone 763-546-7904 SUBJECT PROPERTY OWNERS CONCERNS Ms. Clark called April 151 and wanted to appeal the valuation. Since she wasn't available before The Board of Appeal and Equalization for an appointment she sent a letter. She stated that she was aware that she would have to make an appointment prior to April 261' in order to review the condition and lack of amenities. RECONCILATION OF VALUE: 1 called Ms. Clark on April 13"' and again on April 16"' and left a message to call back as soon as possible so an appointment could be setup to view the property. She did call back on Sunday night April 18`h at 8:10 p.m. In her messagc she said that she had to go out of town this week. She said she was aware of the deadline to appeal and that she would live with the valuation if she couldn't schedule a time. Since an appointment was not set I recommend no change in the valuation: 1.89,400 P'a i Paul Kingsbury, C A Appraiser, City of Plymouth 763 5095357 pkiiigsbu@ci-plyi-noutli.iiin.usci.plyinotiith.riin.us Report # 15 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Sergey and Olga Selifonov PROPERTY ADDRESS: 4625 Merrimac Lade North PID #t: 07-118-22-44-0030 LEGAL DESCRIPTION: Lot l Block 3 Plurn Trce East 4th PROPERTY TYPE: Single Family Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 108,000 543,600 $586,900 STRUCTURE MARKET VALUE 478,900 TOTAL MARKET VALUE 586,900 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 512,600 543,600 $586,900 Limited Market Value 419,600 Iirnprovement 419,600 From Sergey Selifonov and Olga Selifonova, owners of the property and residents at: 4625 Merrimac Lane North y Plymouth MN 55446 APR 9 2 2004 Tel. 763-258-1031 4 Alt. tel. 612-207-3667 April 11, 2004 Local Board of Appeal and Equaliza ify ol`lyr outh, Hennepin Countyt Re: Property value assessment appeal, # 07-188-22 44 0030 To Whom It May Concern: We wish to appeal the increase in the valuation on the above property for the year 2005, which has been indicated in the notice of valuation at 586,900. The reasons our appeal is as follows: 1. Increase in comparable property values in the same division and in immediate proximity of our property, as provided by Hennepin County web site are assessed at significantly lower pace an in smaller annual increments, as compared to property value appreciation for the above property. A table for side-by-side comparison of values of 16 neighboring properties, including ours, is provided for your information with this letter. These properties are homes of similar market value based on the most recent sale price and quality in terms of construction, floor plans and location. According to the public records, with exception of our property, the average value of the 15 neighboring properties from the most recent 2001 sale price to 2004 has decreased by about 2.5%. During the same period, for some unexplained reasons, our property has been unfairly assessed to increase in the value by about 4.1 %. This constitutes an unfair increase in our property tax burden by 6.6% for the year 2004, as compared to the neighboring properties. No properties from the list of 16, including ours, have changed hands since construction in 2001. 2. No qualifying improvements have been made to our property that may explain this clear disparity in value assessment of our property, Most of the neighboring 15 properties have improvements made during the period from 2001 to 2004 including decks, gazebos, basement finishing). Yet increases in appreciation of the values of these properties are much smaller then ours and on average remain negative, as compared to the most recent sale prices. 3. Recent construction by Lundgren Bros. of a detached villa (single family townhome) on the parcel across our property is actual impairment to the our property value, as the sale price of the villa build is about 60% of the value of our property. The sale of the villa by the developer included a large rebate on the land parcel as proximity of single-family homes is viewed as negative for the value of the detached villas. We, in the same way, view this as devaluation factor for value of our property. We respectfully request that the provided facts are taken into consideration for assessment of value of our property. We respectfully request that our property value for the 2005 remains at the same level as in 2004 (at 543,600). We appreciate your expedited consideration of our appeal and notification of us regarding the outcome of your review prior to the deadline of June 07 2004 for the application for possible subsequent hearing of our appeal on the Hennepin County Appeal Board. Sincerely, Sergey A. Selifonov, Ph.D, Chief Scientific Officer and Vice President, Aromagen Corporation UJ\ OWNERS CONCERNS The Selifonovs state that the properties in the immediate proximity are assessed at significantly lower increments than their property, according to the ITennepin County web site. (See the attached comparison table.) Tlicy state there has been no improvements to then' property, but neighboring homes have had improvements done and are still assessed for less. The single-family town home being built across from them is an impairment to their value because the sales price is about 60% of their value. They ask that the value be lowered to the previous years value of S543,600. a Selifonov & Selifonova property value and adjacent properties values (source: Hennepin County web site, as of 04-11-2005 Selifonov property - line # 1 Tax Value Years Tax Value % value gain (loss) Qualifying Address Sale Date Sale Price 2004 % value gain Loss) after last sale 2005 (prop) (2005 proposed) Improvements f107-118-22-44-0030 4625 MERRIMAC LA N Jun -01 522,094 543,600 4.1192 3 586,900 12.41 no v 1 L 2 07-118-22.44-0031 4615 MERRIMAC LAN May -01 486,524 482,500 (0.8271) 3 525,000 7.91 yes 3 07-118-22-44-0032 4605 MERRIMAC LA N Jan -03 523,861 400,000 (23.6439) 1 yes 4 07-118-22-44-0033 4555 MERRIMAC LA N Feb -02 512,884 490,000 (4.4618) 3 yes 5 07-118-22-44-0034 4545 MERRIMAC LA N Mar -01 506,415 516,100 1.9125 3 yes 6 07-118-22-44-0035 4535 MERRIMAC LA N May -01 520,088 528,200 1.5597 3 yes 7 07-118-22-44-0036 4525 MERRIMAC LA N Jan -02 516,511 515,900 (0.1183) 3 yes 8 07-118-22-44-0039 4530 MERRIMAC LA N Jun -02 661,800 642,700 (2.8861) 2 yes 9 07-116-22-44-0038 4540 MERRIMAC LAN Oct -01 678,343 687,600 1,3646 3 yes 10 07-118-22-44-0046 4665 MERRIMAC LA N Aug -01 416,299 420,600 1.0332 3 yes 11 07-118-22-44-0045 4675 MERRIMAC LA N Apr -01 630,859 640,200 1.4807 3 yes 12 07-118-22-44-0044 4685 MERRIMAC LA N Oct -01 534,968 545,000 1.8753 3 yes 13 07-118-22-44-0043 4695 MERRIMAC LA N Nov -02 713,094 676,300 (5.1598) 2 yes 14 07-118-22-44-0028 4600 NARCISSUS LA N Jul -01 543,682 556,600 2.3760 3 yes 15 07-118-22-44-0029 4610 NARCISSUS LA N May -01 555,182 482,500 (13.0916) 3 no 16 07-118-22-44-0059 4690 NARCISSUS LA N Jul -02 581,427 549,300 (5.5255) 2 yes Average: (2.4996) nQc vh f\- S l SUBJECT PROPERTY Subject Location Map SALES COMPARISON ADJUSTMENT GRID Subject Comparnble #1 Comparable #f2 Comparable #3 ADDRESS: 4625 Merrimac Ln N 4730 Merrimac Ln N 17725 45'h Avenue N 17625 48'h Avenue 'N PID# 07-118-22- 44-0030 07-118-22-41-0075 07-118-22-44-0020 07-118-22-41-0096 SALE DA'I`S: 11/14/02 11/18/02 5129103 SALE PRICE: TIi1'IE ADJUSTMENT: ADJ.SALE PRICE: TYPE OF BLDG: 580,145 580,000 5590,602 6% 6% 3.5% 2 Story 615,000 2 Stoi 614,800 2 Story 611,300 2 Story ABOVE GRADE FINISH 3,242 S.F, 3,292 S.F. 2,878 S.F. 15,200 3,108 S.F. 6,700 AGE: 2001 2002 2000 2002 BEDROOJS: 4 4 5 3,000 5 3,000 If OF BATHS 3+112 2+112 4,000 3+112 3+1/2 FIN. BSMT. AREA: None None 940 S.F. 23,500 1180 S.F. 29,500 WALKOUT: No Yes 4,000 No Yes 4,000 FIREPLACES: 1 2 4,000 1 1 GARAGE: TYPE AREA SQ FT: 3 car Attached 3 car Attached 3 car Attached 3 car Attached DECK: No Yes 3,000 Yes 3,000 Yes 3,000 PORCHES: No No N'0 No NET ADJUSTMENT: 527,855 523,500 12,102 ADJ SALE PRICE: 5608,000 5603,500 5578,500 COMPARABLE #1 4730 Merrimae Lane North PIN 07-118-22-41-0078 COMPARABLE #2 17725 45"' Avenue North PIN 07-118-22-44-0020 COMPARABLE #3 17625 48"' Avenue North PIN 07-1.18-22-41-0096 RECONCILATION OF VALUE: The Selifonovs stated that according to the Hennepin County web site, properties in their immediate proximity were assessed for less. The Hennepin County web site currently has the 2003 valuations only. At a later date the 2004 valuations will be assessable. On his chart Mr. Selifonov is comparing the original sales price to the 2003 Estimated Market Value. While Selifonovs did not have new improvements, some of the properties were not at frill estimated value, because construction was not fully completed until the 2003 or 2004 assessment year. A review was done of the 15 properties on the chart comparing the 2004 valuations of these properties to their original sales price. All but one is higher than their sales price. The townhouse across the street just sold in December 2003 for 5386,153. I am not aware of a large rebate on the land (as stated in the attached Ietter). Although the townhouse did sell for less than their property is valued, there are many townhouses in that area that have sold for $400-500,000, and many more are still to be constructed. The property was reviewed on April 14"' . The adjusted comparable sales range came out to 5578,500 to $608,000. Mr. Selifonov was called on April 201' with the opinion that the current valuation of $586,900 be unchanged. He did not agree and will further appeal the valuation. The recommendation is: 586,900 Paul Kingsbury, CMA Appraiser, City of Plymouth 763 504-5357 pkingsbu C@I cl.plylilouth.nlll.us REPORT #16 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: David L. Bearman PROPERTY ADDRESS: 3725 Wellington Lane North PID 9: 13-118-22-33-0039 LEGAL DESCRIPTION: Lot 8 Block 4 Wellington PROPERTY TYPE: Residential -Split Level 2004 j MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 72,000 72,000 STRUCTURE MARKET VALUE 239,800 228,100 TOTAL MARKET VALUE 311,800 300,100 ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 270,100 286,800 $311,800 Limited Market Value 244,300 273,600 0 Improvement 0 0 0 Stv lit SUBJECT PROPERTY Dimensions Sq Ft Diagram 12 1/B 24x 44 1056 IIC 13 1 x 1 22 286 1 /C Irregular 444 OH 1.5 x 12 18 OH 1.5 x 10 15 X x Ground Fl. Area = 1,819 Second Fl. Area = NA Gross Bldg Area = 1 1,819 Porches/Decks Deck 12 x 0 120 Deck b x 10 b0 Garages Attaclied 24 I x 22 528 10 19 190 1D 10 Subject Location Map SALES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable #2 Comparable #3 Comparable 44 ADDRESS: 3725 Wellington Lane North 10030 361x' Ave North 11025 38" Place North 3830 Union Terrace Lane North 3800 Saratoga Lane North PID# 13-118-22- 33-0039 13-118-22- 43-0040 13-118-22- 32-0027 13-118-22- 31-0054 13-118-22- 31-0034 SALE DATE: Sept 2003 Sept 2002 Oct 2003 April 2002 SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: 282,000 284,900 280,000 233,000 3% 12% 2% 20% 290,500 319100 285,600 279,600 ADJ.SALE/SQ FT: 133.56 175.33 163.01 178.20 TYPE OF BLDG: 3 Level Split 3 Level split - 4 Level Split 15000 3 Level Split - 3 Level Split - ABO VE GRADE FINISH 1819 2175 -28500 1820 1752 - 1569 +20000 QUALITY: Avg Avg - Avg Avg - Avg - AGE: 1981 1969 +10000 1983 1969 +10000 1969 x-10000 CONDITION: Good Good - Good Good - Good - BEDROOMS: 4 4 - 4 3 x-6500 3 +6500 OF BATHS 3 3 - 4 3500 3 - 2 +3500 FIN. BSil1T. AREA: 790 0 +14200 1445 11800 273 +9300 340 +8100 WALKOUT: wo WO - WO LO +2000 LO +2000 FIREPLACES: 1 1 - 1 1 - None +3000 GARAGE: TYPE 3 Car ATT 2 Car ATT +12000 2 Car ATT 12000 2 Car ATT +12000 2 Car A`1'1' +12000 DECK: Yes Yes - Yes None +4200 None +4200 PORCHES: None None - None None - None - NET ADJUSTMENT. 64,700 42,300 44,000 69,300 ADJ SALE PRICE: 298,200 300,800 329,600 348,900 ADJ SALE /SQ FT: 137.10 165.27 188.13 222.37 INDICATED VALUE AS OF JANUARY 2, 2004: 300,100 S 165.00 Per Sq Ft VALUE CONCLUSION LOCATION: The subject p roperty i s l ocated o n the e astern s ide o f the City of Plymouth. SITE:. It is an average lot located in an established neighborhood of average quality homes IMPROVEMENTS and FEATURES: The site is improved with a three level front to back split level home. In 1998 an addition was completed that converted the existing garage into Iiving space and resulted in a new three car attached garage. RECONCILATION OF VALUE: An on-site inspection was conducted on April 14. The subject property is a well nnaintained three level split of average quality construction. An addition in 1998 established more living area as well as a three car attached garage. The comparables are somewhat older and have not had the benefit of an addition. The connparables are also more traditional styled homes whereas the subject is very contemporary on the interior. Mr. Bearman was contacted April 15 and told of the comparables and the indicated value. He is in agreement with the assessment. It is the opinion of this appraiser that the market value should be adjusted to 300,100 Janice Olsson AMA, RES Senior Appraiser Report # 17 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Jacqueline Ulwelling PROPERTY ADDRESS: 17620 25`x' Avenue North PID 9: 30-118-22-11-0026 LEGAL DESCRIPTION: Lot 1, Block 1, Sunny Acres PROPERTY TYPE: Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 76,000 225,400 STRUCTURE MARKET VALUE 149,400 225,400 TOTAL MARKET VALUE 225,400 No Change ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 219,300 $217,600 225,400 Limited Market Value 193,500 $216,700 225,400 Im rovement SUBJECT PROPERTY Gross Bldg Area: 1,699 sq.ft. Garage: 550 sq.ft. Screen Porch : 176 sq.ft s ADDITIONAL SUBJECT PHOTOS 5 rt i yzb Subject Property LOCATION: The property is located in Sunny Acres subdivision on 25`h Avenue. It is one block east of County Road No. 101. Most of the homes in this area were built in the 60's. SITE: The site is an interior lot with mature trees. It slopes from the back of the lot to the street. Some addition grading in the back yard would help to avoid any drainage/water problems. IMPROVEMENTS and FEATURES: The home is a three level split level built in 1967. It has an attached two car garage and a screened porch off the back of the home. The home has the original furnace, roof, plumbing fixtures and built-in appliances. The condition of the home is below average. 0 O z 2 O U Subject Location Map SALES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable 42 Comparable 43 Comparable 44 ADDRESS: 17620 25a` Ave 17205 24" Ave. 17400 25'11 Ave. 18515 20'h Ave. 2225 Urbandale Ln. PID# 30-11-0026 29-22-0054 29-22-0003 30-24-0051 30-24-0016 SALE DATE: NIA 612003 1212002 1012002 412003 SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: 250,000 265,900 250,000 247,000 4.5% 9% 10.5% 6% 261,300 289,800 276,300 261,800 ADJ.SALE/SQ FT: TYPE OF BLDG: Split Level Split Level Split Level Split Foyer Split Foyer ABOVE GRADE FINISH 1,699 sq, ft. 1481 sq.ft. 10,900 1927 sq.ft. 11,900 1540 sq.ft. 8,000 1,247 sq.ft. 22,600 QUALITY; Avera e Avg. Avg. Avg. Avg. AGE: 1967 1967 1964 1968 1969 CONDITION: Below Avg. Avg. 25,000 Avg. 25,000 Avg. 425,000 Avg. 25,000 BEDROOMS: 3 4 3,000 4 3,000 3 3 OF BATHS 3 3 3 3 2 2,000 FIN. BS11IT. AREA: 500 sq.ft 850 s .ft. 7,000. 300 sq.ft. 6,000 1,100 sq.ft.. 12,000 375 sq.ft. FIREPLACES: 1 1 2 43,000 1 2 43,000 GARAGE: TYPE 2 Car Att 2 Car Att 2 Car Tuck S5000 2Car Att 2 Car Tuck 5,000 DECK: No Yes 2,700 No Yes 2,700 PORCHES: Screen Porch Screen Porch No 5,000 No 5,000 No 5,000 LOCATION: Sunny Acres Sunny Acres 2nd Sunny Acres 2nd Imperial Hills Imperial Hills NET ADJUSTMENT: 26,800 426,900 24,000 3,900 ADJ SALE PRICE: 234,500 262,900 252,300 265,700 INDICATED VALUE AS OF JANUARY 2,2004: $ 234,500 City of Plymouth, Comparable Sales Map This represents a compilation of information and data from city, county, state and other sources that has M not been field verified. Information should be Field verified and compared with origiaol source documents. OWNERS CONCERNS: Mrs. Ulwelling submitted a written appeal. She is appealing her estimated market value and believes the assessment is too high. RECONCILATION OF VALUE: An on-site inspection was conducted on April 16'1'. The property was compared to four sales in the area. They were all built in the mid to late 60's and were split level style homes. Adjustment amounts were made to the sales to reflect the below average condition of the subject property home and other amenity differences. The range of indicated value was $234,500 to $265,700. Based on the inspection of the property and the comparable sales, it is recommended the estimated market value remain unchanged. 225,400 Nancy Bye, CAE, SAMA City Assessor 417 ZAN PROPERTY OWNERS NAME: PROPERTY ADDRESS PID #: LEGAL DESCRIPTION PROPERTY TYPE: Report # 1 S 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION David Swenson 18135 3 9T" Ave. N. 18.118-22-42-0064 Lot 9 Block 2 Walnut Grove Pond Residential — Zero Lot Line 2004 VALUE PRIOR TO ASSESSOR'S MARKET VALUE LOCAL BOARD RECOMMENDATION LAND MARKET VALUE $ 80,000 $ 80,000 STRUCTURE MARKET VALUE $ 248,300 $ 243,300 TOTAL MARKET VALUE $ 328,300 $ 323,300 ASSESSMENT HISTORY 2002 2003 2004 Total Market Value $ 235,400 304,100 328,300 Limited Market Value $ 228,000 255,300 293,500 Iin rovement 0 0 0 SUBJECT PROPERTY LOCATION: The property is located in Walnut Grove Pond neighborhood, It is located approximately 4 mile west of Co. Rd. 101 and one block north of Medina Road. SITE: The site has a level grade with trees in the backyard and the side yard. It is located on 39°i Avenue at the end of a cul-de-sac. IMPROVEMENTS: The home was built in 1996. The homes in this neighborhood are zero lot line residential homes, meaning they have one ajoining wall with another property. It has 1,869 square feet finished above grade and no finish in the basement. SKETCH SALES COMPARISON ADJUSTMENT GRID Subject Comparable #1 Comparable #2 ADDRESS: 18135 39" Ave 18165 39" Ave 18145 39'x' Ave PID# 18-118-22-42-0064 18-118-22-42-0061 18-118-22-42-0063 SALE DATE: 12/20/02 11/02/01 SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: 390,000 330,000 6% 23,400 12% 39,600 413,400 369,600 TYPE OF BLDG: 1 Story I Story I Story ABOVE GRADE FINISH 1869 1920 4,080 1673 15,680 QUALITY; Ab. Avg Ab.Av Ab.Av AGE: 1996 2000 7,800 1996 CONDITION: Ab.Avg Ab.Av 3 Ab.Av OF BATHS 2 2 2 FIN. BSMT. AREA: No Yes 35,000 Yes I5,600 WALKOUT: No No No FIREPLACES: Yes - 1 2 4,000 2 4,000 GARAGE: TYPE AREA SQ FT: 2 Car Attached 2 Car Attached 2 Car Attached LOCATION: Walnut Grove Ponds Walunt Grove Ponds Walnut Grove Ponds NET ADJUSTMENT: 50,880 3,920 ADJ SALE PRICE: 362,520 365,680 INDICATED VALUE AS OF JANUARY 2,2004- 1L$ 362,520 COMPARABLE SALES k 3Akk pl, t s 1 RRI,r E N COMPARABLE #1 COMPARABLE 92 165 39'x' Ave. N. 18145 39"' Ave. Comp arable Sales Map N y W+E Ci ty ®1 This represents a compilation of information and 5 data from city, county, state and other sources that has Plymouth, M N not been field verified. Information should be field verified and compared with origianl source documents. OWNERS CONCERNS: Mr. Swenson submitted his appeal by letter. He feels the 2004 estimated market value on 1 -tis property should be reduced based on the water problem in his basement that has not been fixed. HISTORY: The 2002 estimated market value on the subject property was adjusted due to water problems in the basement. The water problem was partially fixed during 2002 and the value on the property was adjusted accordingly for the 2003 assessment. At that time Mr. Swenson said the problem would be fixed by the summer of 2003 and we agreed the value of the property would be frill market value for the 2004 assessment. Mr. Swenson called our office on April 12, 2004 and let us know that the water problem is still in existence. RECONCILATION OF VALUE: On April 15, 2004 I visited the property. During my visit Mr. Swenson questioned the 2004 estimated market value. I explained that his value is based on sales. I agreed to work tip a sales comparison grid. I mailed Mr. Swenson a copy of the sales comparison grid per Mr. Swenson's request. I feel his value should not be reduced based on sales activity. Mr. Swenson has fixed the water problem in the back and partial side of his basement. He now has water coming in the front and the side of his basement where it has not been fixed. We agreed to a $5,000 reduction in his 2004 estimated market value. I feel the adjusted 2004 estimated market value should be 323,300 Cindy Bowman, CMA Appraiser 763) 509-5353 ebowman a,ci.)llytilouth.mn.us April 12, 2004 City of PIymouth Assessors Office 3400 Plymouth Blvd. Plymouth, MN 55447 re. 18-118-22 42 0064 18135 39' Ave. N. I believe that the valuation you have given to my home at the above address is too high because of a water problem that is still in existence. I thought the problem was solved by the summer of 2002. I was wrong. Further work is needed to correct the problem. Therefor, I am making a formal appeal of my value. Sincerely, David D. Swenson Report #Z9 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Christiana Otubushin PROPERTY ADDRESS: 5620 Trenton Lane North PLD 9: 01-118-22-34-0045 LEGAL DESCRIPTION: The Ponds at Bass Creek PROPERTY TYPE: Single Family Residential I 2004 I MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 105,000 105,000 STRUCTURE MARKET VALUE 364,300 348,500 TOTAL MARKET VALUE 469,300 453,500 ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 80,000 423,400 $469,300 Limited Market Value 71,500 413,400 --------- Lill rovement 333,400---------- SUBJECT PROPERTY 5620 Trenton Lane North/The Ponds at Bass Creek 01-34-45) ADDRESS: PID# SALE DATE: SALE PRICE: TIME ADJUSTMENT: ADJ.SALE PRICE: ADJ.SALE/SQ FT: TYPE OF BLDG: ABOVE GRADE Y41NISH QUALITY; AGE: CONDITION: BEDROOMS: OF BATHS FIN. BSl'IT. AREA: WALKOUT: FIREPLACES: GARAGE: TYPE AREA SQ FT: DECK: PORCHES: LOT SIZE SQ FT: LOT DESCRIPTION: LOCATION: POOL: NET ADJUSTMENT: ADJ SALE PRICE: ADJ SALE /SQ FT: INDICATED VALUE A SALES COMPARISON ADJUSTMENT GRID Subject Comparable 91 Comparable #2 Comparable 113 5620 Trenton 5680 Trenton 10695 56"' 4275 Evergreen 1-34-45 1-31-69 1-34-05 14-13-104 912/03 6/17/03 5/27/03 502,500 559,900 490,000 5000 x-11200 9800 507,500 571,100 499,800 163 191 173 Two Story Two Story Two Story Two Story 2372 3117 74500 2992 62000 2888 51600 AAvg AAvg AAvg AAV 2002 1999 1996 1710 0 2000 Avg Avg AvgAv 4 4 4 4 23/4 23/4 3 1/4 2000 23/4 0 0 1600 28800 0 Yes Yes Yes Yes 2 1 4000 2 2 3 car att 3 car att 3 car att 3 car att Yes Yes Yes Yes No No No No Backs up to To\vi-Aiones Backs up to pond 10000 Larger lot 10000 Avg Ponds at Bass Creek Ponds at Bass Creek Ponds at Bass Creek Forster Preservc No INTo No No 80,500 85,700 51,600 427,000 485,400 448,200 3 OF JANUARY 2, 2004: 453,500 COMPARABLE #1 5680 Trenton Lane N/The Ponds at Bass Creek 01-31-0069) COMPARABLE #2 10695 56"' Avenue N/The Ponds at Bass Creek 01-34-0005 COMPARABLE #3 4275 Evergreen Lane N/Forster Preserve 14-13-0104) VALUE CONCLUSION LOCATION: The property is in The Ponds of Bass Creek, fronting Trenton Lane and backing up to Hickory Hills Townhomes. SITE: The site is rectangular, of average shape and size for the neighborhood. IMPROVEMENTS and FEATURES: The home is a two story, single family residence built in 2002. OWNERS CONCERNS: The owner did not understand how the property's value could increase at such a high rate, based on his knowledge of the market activity in the area. RECONCILATION OF VALUE: I inspected the property, studied the comparables and went over all the information with the owner. I gave him a copy of the recent sales in The Ponds at Bass Creek for him to review. After reviewing the recent comparables and viewing the property, we came to an agreement that the 2004 estimated market value should be reduced to: 453,500. rl l I x i Mike Henderson, CMA Appraiser, City of Plymouth 2004 LOCAL BOARD OF APPEAL &EQUALIZATION} -" .'° CITY OF PLYMOUTH April 12, 2004 Address: 1.6 Z Property Identification: Owner Name: G#'R [ cr 1- ( s-trchase Price: Address: - 20 hT Purchase Date: u S1; 2m2, City/Zip: Oc.S f`j ;4) f69.30pfX004Estimated-`;, Market Value A 7A L DaytunePhone; U47 R x 7. 5 •; } Y app . ' , r .- 7 .. S. '.:' . ._ . n.' : .. - r Sr iAnealshouldbebasedonevidencethatthe2004EstimatedMarketValueexceedsthetrue'` f 4, market value of the property Please,ltsf t e'reasons'why you believe the property could not selll' for the value under a eal s YI w- st`$' t •Ccrt `' s ' ' i7c.: T_rI? -1 : i ,t. "` 3n4' r t e,, r 6 s jjC S Wk'.i. i. r4 Please check if you wish to summarize your appeal to the Board at the podium. F- Report # 20 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Kevin Kretseh PROPERTY ADDRESS: 18215 34(" Avenue North PID 9: 19-118-22-12-0023 LEGAL DESCRIPTION: Lot 9, Blk 3 Boulder Crest PROPERTY TYPE: Residential 2004 MARKET VALUE VALUE PRIOR TO LOCAL BOARD ASSESSOR'S RECOMMENDATION LAND MARKET VALUE 97,000 97,000 STRUCTURE MARKET VALUE 435,600 237,600 TOTAL MARKET VALUE 532,600 334,600 ASSESSMENT HISTORY 2002 2003 2004 Total Market Value 481,100 $499,000 $532,600 Limited Market Value 456,300 0 0 Improvement 0 0 0 SUBJECT PROPERTY OWNERS CONCERNS: Mr. Kretch stated in his written appeal to the Board he had a moisture intrusion inspection completed on his property and it indicated a mold problem. Estimates indicate that the cost to repair is over $190,000. Until the necessary repairs are completed, he feels the value should not be increased. RECONCILATION OF VALUE: An inspection of the property was conducted on April 15` h. Mrs. Kretsch shared with me the finding of the inspection report completed by Advanced Consulting and Inspection Company. The report summary states that the home exhibits evidence of moisture intrusion and structural damage to both the interior and exterior of the hone. The Kretschs have had bids from different construction companies to determine the cost to repair the damage. The bids range from $198,400 to $214,196. Based on the current condition of the home and the pending costs to repair the damage. It is my reconunendations the property valuation be reduced to 334,600 for the January 2, 2004 assessment. After the repairs are completed or before the next assessment our office will reinspect the property and the valuation for the next assessment will be determined, Mr. Kretsch concurs with the adjusted valuation of $334,600 for the January 2, 2004 assessment, Nancy Bye, SAMA, CAB City Assessor 2004 LOCAL BOARD OF APPEAL & EQUALIZATION CITY OF PLYMOUTH April 12, 2004 Address:,/ Property Identification: cl 001 Owner Name: /yin cif r Purchase Price:—/ -7,70, Address: /S"/T- Purchase Date: -7/I/ City/Zip: yr.,J 2004 Estimated Market Value: s -i og 6 7 Daytime Phone: Any appeal should be based on evidence that the 2004 Estimated Market Value exceeds the true market value of the property. Please list th reasons wh you believe the prope could not sell for the aiue under apj )eal. e r r , ILE-- , Please check if you wish to summarize your appeal to the Board at the podium. ADVANCED CONSULTING & INSPECTION P.O. Box 1493 Burnsville, MN 55337 952-435-1068 gI TSPECTION SUMMARY REPORT DATE.: January. 13, 2003 ADDRESS: 1821534'h Avenue North CLIENT: Kcvin R. Kretsch Plymouth, MN 55447 I': PE: Consalting — Moisture Intnasion ' ,' CATEGORY: Single Family n jutiro (rifctiori•and Backgrpund On-]anuary. 11; 2004; an all -party inspection was performed at 18215 34h Avenue North in Plymouth, MN,'TbiA lioriic Was constructed by- Rudy Wicklander Homes in 1993. The Kretsch family has occupied the home since 1996. The client experienced moisture related problems and became concerned when neighbors were having moisture testing performed on their homes. The purpose of' this inspection is to revjew the home for evidence of moisture intrusion for all parties to witness. 0 Overview of Residence The home is clad int stucco at an rout uicvaLLuxw whit ULW& accCnis at the front elevation. Photos 111 84 show.the exterior elevations of the home. Scherer Brothers fixed and casement windows are uscd I hroughpui the home. Drip caps t sere present on all of the windows observed. No caulking was applied to'any of the windows observed. No caulk was observed on the edge of the wood trim/stucco interface at the front elevation. The stucco terminates below'grade on all foto elevations and no wee; creed was installed at -the base. Asphalt composition shingles were used on the hip roof. Gutters Nvrre present at all four. elevations. The grade was sloped toward the street at the front elevation and slop,, at the right -ztncf'teft elevations to allow a walk out level at the rear. The grade at the rear elevation v a,: relatively flat.._, D3 lnvestigation I'he 1611ok"ing series ofphotographs document the inspection process. ldvanced Consulting & Inspection Report # 40113A Page 2 of 42 Apply Siding and Brick to front elevation. Apply Fiber Cement Siding on rear and side elevation. 2. TIME FOR PERFORMANCE he Work shall commence on or about , 2004 and shall require approximately 200 hours for structural. replacement and to'olherwise fulfill the recommendations of the lZcport. Any additionaf hours incurred due to changes in the Scope of Work shall be billed w a rate of Sixty -Five Dollars ($65.00) per hour. It is anticipated that the Work shall be completed in approximately twelve (12) weeks from its commencement, subject to changes in Scope of Work, force majeure or circumstances beyond the reasonable control of Con(ractor. Contractor shall regularly advise Owner of the progress of the Work. 3. PAYMENTS In full consideration of the full and complete performance of the Work by the Contractor, Owner shall pay to Contractor a total of One Hundred Ninty Eight Thousand Four Hundred M1400) in accordance with the following payment schedule: Twenty Percent (20%) At The Time of Commencement of Work. Ten Percent (10%) Upon The Removal of A-11 Stucco and Brick. Ten Percent (10%) Upon Completion of structual repair. Ten I?ercent (10%) Upon ordering of new windows. Twenty Percent (20%) Upon Completion of Flashings and Setting Windows Teti Percent (10%) Upon Completion of Siding. Ten Percent (10%) Upon Completion of Brick exterior. Ten Percent (10%) Upon Successful Completion of the Work and the delivery of a] I written warranties evidencing that the Work meets all code requirements and building codes as;peciiically referenced herein. 4.1 ' ALLOWNACES eontrzctor hereby provides the following allowances, (with items charged against the allowlinces to include sales tax, labor and delivery costs) to Owner for the Scope of Work. Post over or under allowance total will include the Cotractor's normal 15% overhead charge and will' be bd!ed ac;noiirrfd Allowance of $400 per window unit that does not require removal/flashing. Allowance of $3000 for painting of sheet rock and wood work finishing around windows and doors. Allowance of $2500 for rehab material. Allowance of $500 for Professional Cleaning. Allowance of $35,000 for the Replacement of Windows. Allowance of $2500 for Landscaping, Repair, and Replacements. Allowance of $500 for new decking. Allowance of $28,000 for Brick and Stucco work. r (,-e; R.A. Ungerman Construction'Co., Inc. ALL General Contractor/ Minnesota License 1239 4,150 Nicollet Avemte South Minneapolis, Minnesota 55409 A •licnt: K't1vin &'P.tty•Krdtsch Home: 763) 473-8079 Work: 952) 435-1770 11onle: 18215 34th Ave., No. Office: 763) 428-9777 Plymoulh, MN 55447 Fstimator: Ron•Ungermari Jr: Business: 612) 825-2800 Fax: 612)825-2901 Pype of Estimate: Stucco Replacement Dates: Date Entered: 03/25/.04 Date Assigned: 03/25/04 I ,ite Est. Completed: 03/2904 Price List: METR02004Q1 RestorationlSeryice/Re model with Service Charges Fac#o d'Iri • Estimi e: , ftETSCH , Summary for Stucco Replacement Line Item Total 175.76 1. --),S Pcrmit 1,450.00 Material Sales Tax @ 6,500% x 19,746.77 1,8:. 1 Subtotal 178,496 8' Overhead @ 10.0% x 178,496.82 17.844.68 Profit a) 10.0% x 178,496,82 17,8,11>.68 Grand Total 214,196.18 V Report # 21 2004 BOARD OF APPEAL & EQUALIZATION STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Jeffrey Schipull PROPERTY ADDRESS: 5553 Vinewood Lane N PTD ##: #03-118-22-43-0037 LEGAL DESCRIPTION: Lot 4 Block 4 Bass Lake Terrace PROPERTY TYPE: Single Family Residential 7-2004 I MARKET VALUE VALUE PRIOR TO ASSESSOR'S LOCAL BOARD RECOMMENDATION LAND MARKET VALUE 63,000 STRUCTURE MARKET VALUE 160,400 TOTAL MARKET VALUE 223,400 NoChange ASSESSMENT IIISTORY 2002 2003 2004 Total Market Value 190,900 201,300 223,400 Limited Market Value 183,500 201,300 223,400 In-ipro V ement 0 0 0 SUBJECT PROPERTY OWNERS CONCERNS: Mr. Schipull believes his estimated market value for his property is incorrect based on an appraisal he had done on his property in August of 2003 for re -financing purposes. HISTORY: Mr. Schipull purchased his property on April 5, 2002 for $ 226,000 and attended local Board of Appeal of Equalization last year. His 2003 estimated market value was 201,300. Based on his recent sale I recommended the value on his property remain unchanged. CONCLUSION: Mr. Schipull attended the local Board of Appeal and Equalization again this year. Bases on a re -finance appraisal dated August 2003 Mr. Schipull felt the 2004 estimated market value of $ 223,400 was incorrect I spoke with Mr. Schipull on April 13, 2004 to request a copy of his re -financing appraisal. At time I shared with him some of the sales of comparable properties in his neighborhood. I faxed hire a copy of the comparison adjustment grid that I prepared. Mr. Schipull requests to drop his appeal. Cindy Bowman, CMA Appraiser 763) 509-5353 ebownlall@ci.plyrnouth.nui.us 2004 LOCAL BOARD OF APPEAL & EQUALIZATION CITY OF PLYMOUTH April 12, 2004 Address: Property Identification: Owner Name: Purchase Price; 000 Address: VrnrE-61100LAIN Purchase Date:_ l-S ZopZ City/Zip:_1cT/ nI 2004 Estimated Daytime Phone: Market Value; 2 fob Any appeal should be based on evidence that the 2004 Estimated Market Value exceeds the true market value of the property. Please list the reasons.wh you believe the proper soul not sellforhevalueunderappeal. %/, ,, 1'YAW y Please check if you wish to summarizeour appeal to theYpp Board at the podium.