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City Council Packet 05-01-2001 BOE
Agenda City of Plymouth Board of Review Meeting Reconvened from April 17, 2001 Tuesday, May 1, 2001 7:00 p.m. Council Chambers 1. Call to Order 2. Council action on recommendations Part 1 Part 2 3. Adj ourn 2001 BOARD OF REVIEW STAFF RECOMMENDATIONS Oral Presentations Pin Number 2001 Estimated Market Value Staff Recommendation 2. Joyce Rotell 29-118-22-43-0034 1. Arthur Fretag 05-118-22-11-0004 SU/,/VV 1VU 1.,11YU1gr, 2. Joyce Rotell 29-118-22-43-0034 163,900 No Change Written Appeals 1. Carol Burgess 32-118-22-21-0059 505,300 No Change 2. Kyle Didier 16-118-22-42-0022 197,700 No Change 3. James Koch 29-118-22-23-0060 734,000 716,000 4. Denis Lawless 29-118-22-31-0058 365,500 No Change (appeal dropped) 5. Anthony Spector 03-118-22-24-0009 220,300 No Change 6. Michael Swanson 02-118-22-24-0011 168,100 No Change 7. Helen Chen 09-118-22-32-0047 175,000 No Change 8. Marty Wolske 21-118-22-33-0336 105,400 No Change Report #1 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNER'S NAME: Arthur & Agnes Fretag PROPERTY ADDRESS: 17010 County Road 47 PID #: 05-118-22-21-0004 LEGAL DESCRIPTION: Metes & Bounds 2001 ESTIMATED MARKET VALUE: 307,700 2000 ESTIMATED MARKET VALUE: 257,600 1999 ESTIMATED MARKET VALUE: 248,900 2001 REVISED MARKET VALUE: No Change ISSUE: Mr. Fretag is seeking to have his property split classed as residential/agricultural. Since the horses were removed in 2000, the paddock area is no longer being used for that purpose. He claims that the paddock area added to previous hay area gives his property 10 acres of agricultural use. RECOMMENDATION: Based on state law that says the preceding year's use is used to determine the present year's classification, the recommendation is to deny the requested split classification. The County has recommended that Mr. Fretag contact our department whenever he has his property at optimum agricultural use, and we will visit it for verification of that use. Respectfully submitted, I xMIMM66 1k Bev Moos, CMAS Appraiser 763-509-5354 BMoos@ci.plymouth.mn.us 2001 Board of Review Page 2 A recap of the historical data from this parcel is needed. Mr. Fretag appealed to the 1998 Local Board of Review to request agricultural classification. The recommendation of staff at that time was to deny a split class of agricultural/residential based on data that there was not at least 10 acres of the property available to produce an agricultural product. Our calculations showed about 8.712 acres that could have some agricultural production. The Board accepted our recommendation and did deny the agricultural/residential split class. Mr. Fretag appealed to the County Board of Equalization. A staff appraiser from the County visited the property and prepared a report. It was the determination of that appraiser that at best the property had 9.51 acres of hay, which did not meet the 10 acre requirement set by state statute. (See attached letter and map.) Mr. Fretag subsequently dropped his appeal. Minnesota Statute 273.13 Subd. 23(c) reads "Agricultural land ... means contiguous acreage of ten acres or more, used during the preceding year for agricultural purposes." Roger Knutson, Plymouth City Attorney, quoted the above statute in his letter attached) that was a part of staff report regarding Mr. Fretag's appeal to the Local Board of Review in 1998. It is this appraiser's opinion that there was not 10 acres used for agricultural production during the year 2000. Mr. Fretag did not indicate to the Board of Review on April 17ffi what the use of the paddock area had been in 2000 once the horses were removed from the property. I spoke with Mr. Fretag on April 19' and asked when the horses were removed and the subsequent use of that area. Mr. Fretag stated that the horses were removed about mid-April. He did not get the area cultivated or seeded to alfalfa or grass. He did attempt to cut the area for hay, but found that it was not of good enough quality to be used and quit. All of the original fencing is still in place. Mr. Fretag stated that he does intend to remove some of the fencing to combine a couple of the areas. The law is specific in that the preceding year's use of the property determines the present year's classification. Because there was no evidence of increased agricultural use in the preceding year of 2000, we cannot recommend the split class of residential/agriultural for the 2001 assessment. The question for the future is if this property can ever prove 10 acres of land in agricultural production without substantial topography or drainage changes. The property is listed as being 11.56 acres. The house, garage, horse barn, and surrounding yard make up 1.24 acres. Elm Creek runs close to the northwesterly lot 2001 Board of Review Page 3 line, with some of the subject property lying across the creek. The creek (.38 acres) and tree/fence lines (.25 acres) need to be subtracted. The last consideration is approximately 2.86 acres (per County appraiser) of questionable hay area adjoining the creek. This is part of the area that is designated wetland. Following is a summary of the acreages. 11.56 Beginning acreage 1.24 House, garage, horse barn, and surrounding yard 38 Creek 25 Tree/fence lines 9.69 Acres for consideration of agricultural use 2.86 Questionable hay area/wetland adjoining creek 6.83 Net acres of agricultural use hay The 1998 request to the Board of Review mentioned that some of the hay was for construction companies. Mr. Fretag indicated that it was sold to construction companies because the quality was not good enough for agricultural use, but was fine to use for construction purposes. It becomes apparent that some of the acreage can perhaps be baled in some years (due to the wetland), but its quality is not fit for animal consumption, thus is not an agricultural product. The following pages have some pictures of the property. They were taken April 19"', 2001. Front of Home View to the north, showing part of the wetland area with last year's cattails in the middle and the definition of what was able to be cut last year. View showing the westerly point of the lot. The fence line goes to the west (left) and then angles to the northeast (right) towards the middle of the picture. Looking north, showing 2 paddock areas and horse barn. Southerly paddock area, showing it as having been mowed. Northerly paddock area, showing last year's weeds and overgrowth. J_ " f . ill {l tz IM WEILAND HAY 2.86 ACRES ACRES5CREEK .38 YARDMOUSE ACRES FENCE LINES .25 ACRES TOTAL 11.70 11 s 3 r I rtt_' r3wr Hennepin County 4 + f TO: NANCY BYE FROM: TOM CARROLL DATE: MAY 14, 1998 R E: F R ETAG PID # 05-1 18-22-21-0004 An Equal Opportunity Employer This letter is to inform the City of Plymouth that Arthur Fretag has canceled his appeal to the 1998 Hennepin County Board of Equalization. On May 12, 1998, 1 inspected Mr. Fretag's property to determine the amount of agricultural use. I found 6.65 acres of hay. In addition I found 2.86 acres of low wet hay that was questionable. Giving Mr. Fretag the benefit of the doubt this still only adds up to 9.51 acres of hay. This does not meet the 10 acre requirement set by state statute. In addition to this letter I am including a map of the property in question, and my determination of the amount of agricultural activity. County Assessor Department A-2103 Hennepin County Government Center Recycled Paper Minneapolis, Minnesota 55487-0213 CAMPBELL KNUTSON Thonm, I. C.0 pl,L-1l R,og"' N. `nw,on Thouna M. Scott Elliott h. Knetsch tiuesan Le.i f ,ire BY FAX AND MAIL Ms. Nancy Bye, Assessor City of Plymouth 3400 Plymouth Boulevard Plymouth, MN 55447-1482 Professional Association Attorneysat Law 612) 452-5000 F-,tx (612)x}52-5550 Author's Direct Dial. 234-6215 April 13, 1998 RE: Class 2a - Agricultural Land Tax Classification Dear Nancy: Joel 1. J;inlnik Andre:, NIcPowell f oehler Mxthew K. BrAl* John F. KAN Nhtthew J. Foo Nhn_merite IM. McCarron George T. Stephemon G:ir G. FuchS You asked me to document our telephone conversation concerning the appropriate tax classification of a certain 11.55 acre parcel of land. To receive a 2a tax classification, the property must have "ten acres or more used during the proceeding year for agricultural purposes." Agricultural classification is determined by excluding "the house, garage, and immediately surrounding one acre of land." M.S. § 273.13 Subd. 23. Trees are not considered an agricultural product as the term is defined in the statute. A full ten acres must actually have been used in the prior year for cultivation of agricultural products or enrolled in a qualified set aside program. I.Ira Rtxm SON Suite 317 0 Eagandale Office Center • 1380 C,rpo rate Center Curve • Eagan, MN 55121 PARCEL #05-118-22-21-0004 WETLAND AREA SUBJECT 0 2001 BOARD OF REVIEW CITY OF PLYMOUTH April 17, 2001 Address: Property Identification: Owner Name: 4-T Purchase Price: Address: (-10 (d C71 RD `f7 Purchase Date: City/Zip:i L pJiN 2001 Estimated Market Value: Daytime Phone: CIS?— -'ii :S -Sys Any appeal should be based on evidence that the 2001 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. c 0j SSr(c haN —a Plea,< cheek il' you wish to summarize your appeal to the Board at the podium. REPORT #2 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: JOYCE E. ROTELL PROPERTY ADDRESS: 1515 BLACK OAKS LN N PID #: 29-118-22-43-0034 LEGAL DESCRIPTION: 052-001 CHELSEA WOODS 6TH 2001 ESTIMATED MARKET VALUE: $163,900 2001 REVISED MARKET VALUE: No Change ISSUE: Ms. Rotell feels that her home is unequally assessed compared to the surrounding homes within her neighborhood based on finished square footage of the houses and deck size. She is also concerned that a proposed development might negatively impact the natural wetland to the rear of her home and, thus, its value. Attached is the documentation she presented at the Board of Review on May 17, 2001. Ms. Rotell was contacted on April 19, 2001 and was told that pictures of her home would be taken the following day. RECOMMENDATION: It is the opinion of this appraiser that the 2001 Estimated Market Value remain unchanged. The entire area of Chelsea Woods was reviewed during the year 2000 and the properties were inspected not only for square footage and decks, but also for quality and condition of finishes and materials, amenities such as extra bathrooms and fireplaces, and location within Chelsea Woods. Ms. Rotell's property, which was internally inspected at that time, while having less square footage and a smaller deck area than some of the properties listed in her documentation, is the only one that has three fireplaces, one of which is in the master bedroom suite. Her 2001 Estimated Market Value directly reflects the value added by these additional fireplaces. Of particular note is the property at 1509 Black Oaks Place which is listed in Ms. Rotell's documentation. According to our office records, it is smaller, not larger, than Ms. Rotell's property with a finished total of 1936 sf, one deck (96 sf), and only one fireplace. Ms. Rotell was also concerned about the wetland to the rear of her property and the impact a future development might have, not only on the wetland itself, but also on the value of her property. Sale #2 was included in this report because the property does not border on a wetland area. Respectfully submitted, may; 5 • LMY a " Joann B. Lowrie CMA Appraiser Extension #5356 JLowrie@ci.plymouth.mn.us Dwelling Style: 45 Townhouse Split Level — Villa Grande Model, 6 levels Year Built: 1977 Foundation: 848 sf Above Grade Finish: 1668 sf Below Grade Finish: 320 sf Total Finish: 1988 sf Fireplace: 3; 1 F.R., 1 L.R, 1 M BR Deck: 80 sf Walkout: Yes Subject Value History: 1999: $143,200 2000: $153,600 2001: $163,900 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #1 PID #29-118-22-42-0107 Address: 1629 Black Oaks Place N Dwelling Style: 45 Townhouse Split Level — Villa Grande Model, 6 levels Year Built: 1975 Foundation Size: 848 sf Above Grade Finish: 1668 sf Below Grade Finish: 600 sf Total Finish: 2268 sf Fireplace: 1 Deck: 296 sf Walkout: Yes Sale Price: $184,000 Sale Date: 1/12/01 This home has more total finish (280 sf) and a larger deck than the subject property. It has one fireplace located in the lowest level. 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #2 PID # 29-118-22-43-0015 Address: 16400 15th Ave N Dwelling Style: 45 Townhouse Split Level — Villa Grande Model, 5 levels Year Built: 1976 Foundation Size: 848 sf Above Grade Finish: 1668 sf Below Grade Finish: 280 sf Total Finish: 1948 sf Fireplace: 1 Deck: 176 sf Walkout: No Sale Price: $151,000 Sale Date: 4/28/00 This home has less total finished square footage (40 sf) and a larger deck than the subject property. It does not have a walkout basement and, in addition, has only one fireplace located in the lowest level. This sale took place one year ago. 2001 BOARD OF REVIEW MARKET COMPARISONS Sale #1 PID # 29-118-22-43-0029 Address: 1565 Black Oaks LN N Dwelling Style: 50 Townhouse 2 -Story, Brittany Model, 3 levels Year Built: 1977 Foundation Size: 847 sf Above Grade Finish: 1694 sf Below Grade Finish: 700 sf Total Finish: 2394 sf Fireplace: 1 Deck: 208 sf Walkout: Yes Sale Price: $183,000 Sale Date: 11/9/00 This home is one of the properties mentioned in Ms. Rotell's documentation and is located just north of the subject's property. It is 406 sf larger than the subject property, has a larger deck, the same number of bedrooms and bathrooms, and one fireplace. 2001 BOARD OF REVIEW MARKET COMPARISONS Sale #2 PID # 29-118-22-43-0082 Address: 16445 15`h Ave N Dwelling Style: 50 Townhouse Rambler — Yorktown Model, 2 levels Year Built: 1977 Foundation Size: 1021 sf Above Grade Finish: 1021 sf Bleow Grade Finish: 700 sf Total Finish: 1721 sf Fireplace: 2 Deck: 88 sf Walkout: Yes Sale Price: $193,815 Sale Date: 12/29/00 This home has less total finished square footage than the subject property, approximately the same size deck, fewer bedrooms and bathrooms, and two fireplaces. It does not overlook a natural wetland area. CO RD NO 6 2001 BOARD OF REVIEW CITY OF PLYMOUTH April 17, 2001 Address: \;,Z-\\ Property Identification:_ a Q_ \\% _ a; Lk';., oc)34 Owner Name: Cd\ V-A Purchase Price`\\\ 0• Address: \S\'\tic1OA4S Purchase Date: D 47 City/Zip: \ MPJ2001 Estimated' Market Value: Daytime Phone. Any appeal should be based on evidence that the 2001 Estimated Market Value exceeds the true market value of the property. Please list the reasons why you believe the property could not sell y`for the value under appeal. . r 4• > r fr: ruse check i f you wish to summarize your appeal to the Board at the podium. 7 1 i,. ruse check i f you wish to summarize your appeal to the Board at the podium. N ° Err Yorktown NII W\\x Alcn Bldg/ 1603 Black Oaks PI Yorktown 1 Plan Sale Sell PerBlockHouseStreet Model Name 1 Sq Ft Date Price SF Et .0 . Yorktown 1 2195 0 SS y'l Brittany 1505 Black Oaks Ln Yorktown Villa Grande E 1 2195 2435 l 3wLjM7 b ` pp 7 1515 Black Oaks Ln 1525 Black Oaks Ln Villa Grande 1 2435 j ly4Dtn 7 1535 Black Oaks Ln Villa Grande E 2435— X. 1341 22 1628 Comstock Ln Sherwood E 1617 1545 Black Oaks Ln Brittany E 2591 J jApQ 8 t 8 1555 Black Oaks Ln 65 Blac06-als In Brittany Britian 1 I 2591 2591 4ap LS7 'oo8'0 1575 Black Oaks Ln Brittany E 2591 9 1505 Black Oaks PI Brittany E 2591 9 1507 Black Oaks PI Brittany 1 2591 08/99 153 59 1509 Black Oaks PI Villa Grande I g435 Sk %% A -4*Ns , A --10 9 1511 Black Oaks PI Villa Grande 1 2435 9 1513 Black Oaks PI Yorktown 1 2195 09/00 160 73 9 1515 Black Oaks PI Yorktown 1 2195 9 1517 Black Oaks PI Yorktown E 2195 10 1601 Black Oaks PI Yorktown E 2195 10 1603 Black Oaks PI Yorktown 1 2195 10 1605 Black Oaks PI Yorktown 1 2195 10 1607 Black Oaks PI Yorktown 1 2195 0 1609 Black Oaks PI Brittany 1 2591 t bq.#y0_0_10 1611 Black Oaks PI Brittany E 2591 22 1620 Comstock Ln Sherwood E 1617 22 1624 Comstock Ln Barrington 1 1341 22 1628 Comstock Ln Sherwood E 1617 Total of 24 homes 55,038 Averages of sold homes 09/99 163 74 05/98 160 62 CnOcE, 04/00 149 92 Sold SF 11,189 784 2,238 157 70 S pG'.t1G CHELSEA WOODS ASSOCIATION 1505 YUMA LANE PLYMOUTH, MINNESOTA 55447 763)475-2725 March 29, 2001 Shawn Drill Senior Planner City of Plymouth 3400 Plymouth Blvd. Plymouth MN 55447-1482 Dear Shawn: Based on what we've seen on the site plans and what Tom Sanford has learned in conversations with you, we've drawn some tentative conclusions regarding our view of the development of the Mitchell (Graviere) property: The enclosed winter photo of our Crescent Pond and the Chelsea/Mitchell trees in the background was taken last week, from a point between building numbers 8 and 9 (see map, also enclosed). Very roughly, the property line is at about the edge of the snow line. The left side of the photo just barely shows the back of the homes in buildings 7 and 8. The summer photos illustrate both the pond and the density of growth on both sides of the property line. We have two major concerns about the proposed development. The first relates to the future of our Crescent Pond: You can see that the grade from the Mitchell property supplies the pond with a significant amount of its runoffwater supply — perhaps close to half. By the end of most summers, the pond struggles for survival. Re -grading the Mitchell property to the west, as we understand it, will be detrimental to Crescent's future. We also understand that there is an ordinance requiring the drainage first into filtering ponds on the west side of Mitchell's, thereby precluding the developer's option of grading to the east and possibly even improving the amount of drainage into the pond. So at this point, Crescent Pond's fate appears to be sealed. There may be at least a partial remedy for you and/or the developer to consider: perhaps the current outflow from Hunt Pond could be rerouted from its southwesterly path to the drainage ditch, possibly through a pipe or in an open culvert, into Crescent Pond. The probable difficulty with that thought is that such a route would likely have to cross the northeast corner of the Mitchell property, under or around their building #1 (green line on the attached site plan). An existing culvert at the south end of Crescent Pond goes under County Road 6, so that part of the issue is already solved. But we're just not engineers enough to determine that a rerouting plan would save the pond from the Mitchell's westerly grading. Our second major concern is the likelihood of preserving the Chelsea trees and high density undergrowth — all, we believe, within 15 feet of the Mitchell property: We have enough experience with tree removal, intentional and otherwise, to know that probable root damage will — effectively — clear cut every tree you can see along the photos' west side "shore line." We also know that such a root shock result may not occur immediately — but may be delayed until long after the developer has left the premises. Damage to trees along the north side of the Mitchell property may easily be of similar magnitude. Additionally, replacement trees of the size that the Plymouth ordinance may require — on either ours or the Mitchell property — may not be as effective as we might normally think. Our reason for that suspicion is the heighth of the retaining wall shown on the plan. As a visual barrier, a 6' tree may become a 3' tree, because of the wall. Our understanding also is that the grade from south to north goes up about 5 feet — requiring at least 10' to 12' tall trees to restore anything resembling the current view. In a possible worst case scenario of terminal damage to Crescent Pond and the property line trees, we envision total real estate value losses —just for our members whose homes border on the Mitchell property — to be in the range of $200,000. "Comp sales" comparisons may then, ultimately, also negatively impact values throughout Chelsea. To be sure, there is conjecture in that dollar estimate — but this is how it's calculated reference the attached table): Selling prices of the five bordering homes that have sold since May, 1998, are shown. The average price was $156,800 for homes that averaged 2,238 square feet, or about $70 per square foot: The 24 bordering homes total 55,038 square feet, which extends to just over 3,800,000 worth of real estate. Without the pond — and without the trees — just a 5% reduction in real estate value is not, we believe, just conjecture — it's nearly $200,000. And at today's prices, it's probably over $9,000 per home. With your support, we seek to remedy these too -likely financial losses — by acquiring the developer's warranty and bond that both Crescent Pond and the visual barrier provided by the existing trees will be preserved. If we can provide you with any additional information regarding our concerns, please let us know — meanwhile, on behalf of our Association, we have much appreciated your cooperation in this matter. Sincerely, 1,,,,.J ffj Phil Ringgenberg President Art Stelzer Vice President Enclosures cc: Chelsea Woods directors and 24 owners whose homes border the Mitchell property Written # 1 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: Carol Burgess 16705 12" Avenue North 32-118-22-21-0059 Long Legal 2001 ESTIMATED MARKET VALUE $ 505,300 2000 ESTIMATED MARKET VALUE $ 470,000 1996 SALE PRICE $ 515,000 2001 REVISED MARKET VALUE No Change ISSUE: Ms. Burgess feels that the property is over valued for the 2001 assessment. She doesn't feel the increase in market value is warranted. She would like to reserve her right to discuss the value with Hennepin County Board of Equalization. RECOMMENDATION: The Burgess property has been reviewed and/or inspected every year since 1997. Consideration has been given for those factors that may have affected the market value of the property. Comparable sales information sustaining the value has been shared with Ms. Burgess. It is my recommendation there be no change in value and for Ms. Burgess to continue her appeal to Hennepin County Board of Equalization. Respectfully submitted, Nancy Bye, CAE City Assessor 763-509-5351 NBye@ci.plymouth.mn.us Board of Review Page Two Dwelling Style: Year Built: Square Feet: Garage: 4 Season Porch: Deck Bsmt. Finish: Lakeshore: Rambler 1996 1730 3 Car+(966 sq.ft.) 266 sq. ft. 667 sq. ft. 1,640 sq.ft. Gleason Lake lower quality) Subject 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #1 PID # 32-118-22-32-0049 Address: 17205 5' Avenue North Dwelling Style: Rambler Year Built: 1981 Square Feet: 1845 Sale Price: 522,000 Sale Date: 08/2000 Garage: 2 Car (600 sq. ft. ) 3 Season Porch: 240 sq. ft. Deck 312 sq. ft. Bsmt Finish: 1050 sq. ft. Location: Luce Line 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #2 PID # 31-118-22-42-0024 Address: 18160 3`d Avenue North Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Garage: 3 Season Porch: Deck: Bsmt Finish: Lakeshore: Rambler 1980 2,451 575,000 08/2000 3 Car (792 sq. ft 252 sq. ft. 112 sq. ft. 2000 sq. ft. Hadley Lake lower quality) Comparable #3 PID # Address: Dwelling Style: Year Built: Square Feet: Sale Price: Sale Date: Garage: Porch: Deck: Bsmt Finish: Location: 2001 BOARD OF REVIEW MARKET COMPARISONS 31-118-22-22-0037 1280 Zircon Lane North Rambler 1996 2,144 649,000 11/2000 3 Car (667 sq. ft.) None 351 sq.ft. 1360 sq.ft. Pond Location Map k COM Property Information Search by Property ID Result page Search By: Property ID rte Address Addition Name Property ID: 3211822210059 r Search Clem Page I of 3 HennepOn County, MN Property Information Search Result The property information database is updated at the beginning of each month) Parcel Data for Taxes Payable 2001 Click Here for State Copy of Payable 2001 Tax Statement Property ID: 32-118-22 21 0059 View Map Payment Options Property Address: 16705 12TH AVE N Municipality Name: PLYMOUTH School Dist: 284 Watershed: 3 Sewer Dist: 02 Construction Year: 1996 Parcel Size: IRREGULAR Owner Name: CAROL A BURGESS Taxpayer Name & Address: CAROL A BURGESS 16705 12TH AVE N PLYMOUTH MN 55447 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: September, 1996 Sale Price: $ 515,000 Transaction Type: Sale Excluded from Assessment Analysis Tax Parcel Description Lot: Addition Name: Block: 002 CITY VIEW ACRES Metes & Bounds: THAT PART OF LOT 1 BLK 2 AND OF LOT B http://www2.co.liennepin.nui.us/pins/IdSrchRes.stm 4/18/01 April 12, 2001 Nancy Bye, City Assessor City of Plymouth 3400 Plymouth Boulevard Plymouth, MN 55447 Re: Estimated Market Value PID #32-118-22-21-0059 Dear Ms. Bye: AFR 1 3 1001 In reference to the Estimated Market Value placed on my home at 16705 12th Avenue North, PD #32-118-22-21-0059, for t4,xes payable in 2002 ($505,300), I reserve my -right to discuss this estimate with Hennepin County Board of Equalization. This is in accordance with our recent telephone conversation regarding this matter. 7g s, eez' Carol Burgess 16705 12th Avenue North Plymouth, MN 55447 Written #2 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: Kyle P. Didier 14800 40`h Avenue North 16-1182-22-42-0022 Lot 6 Block 3 Parkview Ridge 2001 ESTIMATED MARKET VALUE: $197,700 2001 REVISED MARKET VALUE: No Change ISSUE: Mr. Didier feels that his home is unequally assessed to the surrounding homes within his neighborhood. Attached is the documentation that was delivered to our office on April 16, 2001. Mr. Didier contacted our office shortly after value notices were mailed. I spoke to him and explained the valuation process and an appointment was scheduled for March 29. He called and canceled the appointment and said he did not wish to reschedule. RECOMMENDATION: It is the recommendation of this appraiser that the 2001 Estimated Market Value remain unchanged based on the comparables which have sold within the neighborhood. The responsibility of the assessing office is to determine the sale price of the home and established a reasonable estimated market value. When properties are improved without the benefit of a building permit it prevents our office from establishing an accurate estimated market value. As properties sell and are recorded in Multiple Listing we can determine if properties have had improvements since the last time we visited the property. We also canvass neighborhoods in what is referred to as the Quartile and make a concerted effort to do an interior inspection of each home to equalize values within a neighborhood. The Parkview Ridge area is scheduled to be reviewed for the 2002 assessment. The subject property was reviewed April 18 at 4 PM. Although we understand Mr. Didier frustration, we are charged with relating values to homes that have sold with the same amenities. The value placed on the Didier residence is a fair estimate of what the home would sale for in the current market. Board of Review Page Two Respectfully submitted, Janice L. Olsson, RES Senior Appraiser Extension #5355 JOlsson@ci.plymouth.mn.us Dwelling Style: Split Entry Year Built: 1992 Foundation: 1263 Subject Value History: 2001 2000 1999 EMV $197,100 $168,900 $155,800 LMV 183,300 -0- -0- Home purchased 1992 for $111,165 1995 added Basement Finish 1998 added Four Season Porch with fireplace and deck BACK OF PROPERTY IMPROVEMENT REAR OF YARD TOWARD CORD9 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #1 PID #: 16-118-22-42-0017 Address: 14850 40' Avenue North Dwelling Style: Split -Level Year Built: 1992 Foundation: 1215 Sale Price: 181,000 Sale Date: 11/30/99 This home has less square footage than the subject property. The new owners are currently in the process of adding a four -season porch. Our records indicate no basement finish, but according to the sellers, the basement has been finished. Additional market value will be added for the 2002 assessment for the porch addition and the basement finish. This accounts for the discrepancy between the 2001 Estimated Market Value and the recent sale price. This property also backs onto County Road 9 but has full visual access of the road whereas the subject property has the benefit of elevation and a fence between the rear of the home and the road. 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #2 PID # 16-118-22-42-0080 Address: 14905 38`h Avenue Dwelling Style: Split -Level Year Built: 1991 Foundation: 1240 Sale Price: 229,900 Sale Date: 1/12/01 This home is slightly smaller than the subject property. The home does have basement finish but has no decks or porches. The location of this property is superior to the subject for it backs onto the Plymouth Creek wetland area behind the development. 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #3 PID # 16-118-22-42-0007 Address: 3970 Niagara Lane North Dwelling Style: Modified Two -Story Year Built: 1993 Foundation: 1141 Sale Price: 220,000 Sale Date: 115101 This property is larger than the subject property. It has no basement finish or porch but does have a deck. This property has a superior location to the subject. It backs to County Road 9 but has a wetlands buffer between the back of the home and road. 41ST F k,c'Q 4--16-a1 RE: Property ID 1 6- 1 18-22 42 0022 14800 40's Ave North Appeal to 2001 Value of Home. As I spoke to Jan Olson, a Plymouth City Assessor, she explained to me what the requirements were in valuing property for property tax purposes. I would like to make a couple points of contention regarding her comments and the current estimated market value of my home. First, Ms. Olson mentioned that state law requires assessors to use current sale prices of like homes in my neighborhood. Ms. Olson was kind enough to list several homes in my neighborhood that have been recently sold. One of those properties included a home on the same street in which I live. The address is 14850 40'h Ave North. The property was sold for $181,000; however, the current estimated market value is $148,100, which represents approximately 81% of the purchase price. This inconsistency puts in question the basis used to value homes. If you were to consistently apply the same logic, my home value should be $161,267, which is consistent with the 2000 market value of $168,900. It is clear that the 197,100 used for the 2001 property tax value is overstated. In addition, I have researched like home values on my street. I attempted to select homes that are consistent in amenities and size. If you analyze the values of those homes, they are consistently valued at 80% to 90% of the value of my home. Again, another inconsistency. In addition, as home values are increased by the state maximum the percentage differential between my home and like homes on my street will widen. This is the result of a higher base value in which the 8.5% increase is applied. I feel this is another strong point for revaluing my home. I realize that there have been a couple of improvements to my home, which has given the assessment office the opportunity to increase my property value in excess of the state maximum. However, I believe an argument can be made that regardless of improvements to the property, the value of a home should be based on the home as a whole and not the sum of its parts. In this case it is clear that the whole is not greater than the sum of its parts. Ms. Olson did suggest having an assessment completed on my home. After researching other like property values in my neighborhood, I did not feel that an assessment would make any difference with respect to the points that I have made above. Finally, if you review the location of my property you will notice that my backyard is adjacent to County Road 9. A point that I do not think will be emphasized if I do elect to sell my home. I appreciate your review and help with the matter. I look forward to hearing from you. een included for your review. Kyle 8 Denise Didier Property Tex History 14810 40th Ave North Estimated Market 2001 2000 Limited Market 1999 1998 1997 1998 1995 1994 1993 Estimated Market 197,100 16.70% $168,900 8.41% 155,800 10.26% $141,300 0.93% $140,000 2.34% $136,800 8.66% $125,900 10.93% $113,500 3.64% $109,300 Limited Market 183,300 8.53% $168,900 8.41% 155,800 10.26% $141,300 0.93% $140,000 2.34% $136,800 8.66% $125,900 10.93% $113,500 3.64% $109,300 Market for Taxation 183,300 8.53% $168,900 8.41% 155,800 10.26% $141,300 0.93% $140,000 2.34% $136,800 8.66% $125,900 10.93% $113,500 3.64% $109,300 New Improvement Value 0 0 11,700 0 0 8,300 3,300 Estimated Market 14850 40th Ave North 152,900 Limited Market 164,742 151,800 Market for Taxation 164,742 151,800 Sale Price Estimated Market of Didier property 148,100 90.53% 14790 40th Ave North Estimated Market 135,700 Limited Market Limited Market 158,339 145,900 145,533 134,100 Sale Price of Didier property 79.40% 80.34% Market for Taxation 158,339 145,900 Sale Price November 1999 181,000 81.82% of Didier Drooerty 86.38% 87.69% 14810 40th Ave North Estimated Market 141,700 Limited Market 149,874 138,100 Market for Taxation 149,874 138,100 Sale Price of Didier property 81.76% 83.90% 14815 40th Ave North Estimated Market 183,100 Limited Market 198,711 183,100 Market for Taxation 198,711 183,100 Sale Price of Didier property 108.41% 108.41% 14770 40th Ave North Estimated Market 143,900 Limited Market 154,758 142,600 Market for Taxation 154,758 142,600 Sale Price of Didier property 64.43% 85.20% 14780 40th Ave North Estimated Market 152,900 Limited Market 164,742 151,800 Market for Taxation 164,742 151,800 Sale Price of Didier property 89.88% 90.53% 14790 40th Ave North Estimated Market 135,700 Limited Market 145,533 134,100 Market for Taxation 145,533 134,100 Sale Price of Didier property 79.40% 80.34% Properly Information Search by Street Address Result page Prflperty 0 +--- FAddress n Addition NameY Building #: 1485 exacl) Street Name: at least 3 characters) 40th Ave North Condo #: optional) ti ----J Search Clear 20 records per page wysi%vvg://30/http://www2. co.henncpin.mn. us/pins/AddrSrchRes. sti Property Information Search Result lire property information database is updated at the beginning of each month.) Parcel Data for Taxes Payable 2001 Property ID: 16-118-22 42 0017 Vie Mafi rayrrmrt C?Yt ons Property Address: 14850 40TH AVE N Municipality Name: PLYMOUTH Construction Year: 1992 Owner Name: School Dist: 281 Watershed: 0 Sewer Dist: 01 Parcel Size: IRREGULAR JOSE LUI & MEE MEE LUI Taxpayer Name & Address: JOSE LUI & MEE MEE LUI 14850 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: November, 1999 Sale Price: $ 181,000 Transaction Type: Warranty Deed Tax Parcel Description Lot: 001 Addition Name: Block: 003 PARKVIEW RIDGE Metes & Bounds: SUBJECT TO HWY AND INCL ADJ VAC HWY of 2 3/22/019:51 PM Property Information Search by Street Address Result page %vsiwyg://30/http://www2.co.hcnnepin.mn.us/pins/AddrSrchRes.stii Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 148,100 Limited Market Value: 145,900 Taxable Market Value: 145,900 Total Improvement Amount: Total Net Tax: 1,926.17 Total Specials: Solid Waste Fee: 27.09 Total Tax: 1,953.26 Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market Building Market Machinery Market Land Limited Building Limited Qualifying Improvements Property Type Homestead Status Relative Homestead Agricultural Exempt Status Records 1 - 1 of total 1 5050 37,000 111,100 Total Market: 148,100 36,500 109,400 Total Limited: 145,900 Classifications: RESIDENTIAL HOMESTEAD Questions or problems with this database search should be directed to Don. Kopel(&-co. hennepin. mn. us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn. Net(c)-co.hennepin.mn.us or use our Feedback Form Ht?me k Services Taxpayer 5erv+cesnil ,d ,assessors De -.1 n Search aYdifiM , Copyright ©1998 Hennepin County of 3/22/019:51 PM Property Infomuation Search by Street Address Result page FG erty 1 -- - iiaitlieiidiiliiri 1 Address AdditFon Name A1111 Iieraimi 1110 1: Building #: 1481 exact) Street Name: at least 3 characters) 40th Ave North Condo #: r--- oPftaq I_ J Search Clear 20 records per page wysiwyg://25/http://www2.co.henncpin.mn. us/pins/AddrSrchRes.sti Property Information Search Result ahe property information database is updated at the beginning of each month.) Parcel Data for Taxes Payable 2001 Property ID: 16-118-22 42 0021 view Mal;. Payment Orstions Property Address: 14810 40TH AVE N Municipality Name: PLYMOUTH Construction Year: 1992 Owner Name: School Dist: 281 Watershed: 0 Sewer Dist: 01 Parcel Size: IRREGULAR E J SIEBENBORN & M FORSYTH Taxpayer Name & Address: E J SIEBENBORN & M FORSYTH 14810 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: June, 1999 Sale Price: $164,900 Transaction Type: Warranty Deed Tax Parcel Description Lot: 005 Addition Name: Block: 003 PARKVIEW RIDGE Metes & Bounds: INCL ADJ VAC HWY of 2 3/22/019:47 PM Property Wornwtion Search by Street Address Result page wysiwyg:H25/http://www2.co.hcnncpin.mn.us/pins/AddrSrchRes.stii Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 141,700 Limited Market Value: 138,100 Taxable Market Value: 138,100 Total Improvement Amount: 9,200 Total Net Tax: 1,773.94 Total Specials: Solid Waste Fee: 25,64 Total Tax: 1,799.58 Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market Building Market Machinery Market Land Limited Building Limited Qualifying Improvements Property Type Homestead Status Relative Homestead Agricultural Exempt Status Records 1 -1 of total 1 5039 38,000 103,700 Total Market: 141,700 37,000 101,100 Total Limited: 138,100 Classifications: RESIDENTIAL HOMESTEAD Questions or problems with this database search should be directed to Don. KoyelAco. hennepin. mn. us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn.Net@co.hennepin.mn.us or use our Feedback Form Hume Services Ta sayer Berri s Assessors Dept 19arrt Search r- 3wi+i ijsw'` w wls Copyright ©1998 Hennepin County of 2 3/2-2/019:47 PM Property Information Search by Street Address Result page Address Addition Name Building #: 1482 exaco Street Name: at least 3 characters) 40th Ave North Condo #: L optional) Search Clear 20 records per page ysi%yg:H23/http://%ww2.co.hennepin.ran. us/pins/AddrSrchRes. stn Property Information Search Result The property information database is updated at the beginning of each month.) Parcel Data for Taxes Payable 2001 Property ID: 16-118-22 42 0020 Paymfrt options. Property Address: 14820 40TH AVE N Municipality Name: PLYMOUTH School Dist: 281 Watershed: 0 Sewer Dist: 01 Construction Year: 1992 Parcel Size: IRREGULAR Owner Name: W P HEBERT & T K HEBERT Taxpayer Name & Address: WILLIAM P HEBERT TRACY K HEBERT 14820 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: January, 1992 Sale Price: $ 109,500 Transaction Type: Warranty Deed Tax Parcel Description Lot: 004 Addition Name: Block: 003 PARKVIEW RIDGE Metes & Bounds: INCL ADJ VAC HWY of 2 3/22/019:45 PM roperty Information Search by Strect Address Result page wysiwyg://23/http://www2.co.hennepin.nm.us/pins/AddrSrchRcs.stm Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 155,800 Limited Market Value: 154,200 Taxable Market Value: 154,200 Total Improvement Amount: Total Net Tax: 2,087.83 Total Specials: Solid Waste Fee: 28.63 Total Tax : 2,116.46 Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market Building Market Machinery Market Land Limited Building Limited Qualifying Improvements Property Type Homestead Status Relative Homestead Agricultural Exempt Status Records 1 -1 of total 1 5032 38,000 117,800 Total Market: 155,800 37,600 116,600 Total Limited: 154,200 Classifications: RESIDENTIAL HOMESTEAD Questions or problems with this database search should be directed to Don. Kopel (taco. henneoin. mn. us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn. Net(afco.hennepin.mn.us or use our Feedback Form Home Services c Ta aayer Ser ces ` ++ss.ssot's De,t Main Seamt: rrieiii ttwi on-- Copyright ©1998 Hennepin County f2 3/22/019:45 PM Property Infortnation Search by Street Address Result page Frnperty Ip`__.__ Address Addttam- e-- Building #: 1481 exacq Street Name: at least 3 characters) 40th Ave North Condo #: optionaq Search Clear 20 records per page wysi%vyg://2 1/http://%vAv2.co.henncpin.nm.us/pins/AddrSrchRcs.stxi Property Information Search Result The property information database is updated at the beginning of each month.) Parcel Data for Taxes Payable 2001 IN 111011 21111 Property ID: 16-118-22 42 0028 ns" Property Address: 14815 40TH AVE N Municipality Name: PLYMOUTH School Dist: 281 Watershed: 0 Sewer Dist: 01 Construction Year: 1991 Parcel Size: N 86 X 113.5 Owner Name: R M HACKL & L F HACKL TRSTE Taxpayer Name & Address: ROBERT M & LORALEE F HACKL 14815 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: March, 1991 Sale Price: $ 131,576 Transaction Type: Warranty Deed Tax Parcel Description Lot: 001 Addition Name: Block: 004 PARKVIEW RIDGE Metes & Bounds: Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 183,100 Limited Market Value: 183,100 Taxable Market Value: 183,100 Total Improvement Amount: Total Net Tax: 2,650.78 Total Specials: Solid Waste Fee: 34.00 Total Tax: 2,654.78 of 2 3/22/019:44 PM Property Information Search by Street Address Result page wysiwyg:H21/http://www2.co.hennepin.mn.us/pins/AddrSrchRes.st Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market 40,000 Building Market 143,100 Machinery Market Total Market: 183,100 Land Limited 40,000 Building Limited 143,100 Total Limited: 183,100 Qualifying Improvements Classifications: Property Type RESIDENTIAL Homestead Status HOMESTEAD Relative Homestead Agricultural Exempt Status Records 1 -1 of total 1 5026 Questions or problems with this database search should be directed to Don. Kopel(a)co. hennepin. mn. us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn. Net(M-co. hennepin. mn. us or use our Feedback Form tlarne . Sernces Tax er ServmCes Assesso. s Do t amn ara yiYYlitiiilit "srtfilfMiwiiii wi >lwiiitlli iitN"tNfiiidfitiiii Copyright ©1998 Hennepin County of 2 3/22/019:44 PM Property Information Scarth by Street Address Result page Property I(7 I Address t Addition Name Building #: lq exacQ Street Name: at least 3 characters) 40th Ave North Condo #: optional) LJ Search Clear 20 records per page wysiwvg:H19/http://%%ww2.co.hennepin.nm.us/pins/AddrSrchRes.sti Now Countyil Property Information Search Result rAe property information database is updated at the beginning of each month) Parcel Data for Taxes Payable 2001 Property ID: 16-118-22 42 0025 Vi&Af anal;. P=itoptions' Property Address: 14770 40TH AVE N Municipality Name: PLYMOUTH School Dist: 281 Watershed: 0 Sewer Dist: 01 Construction Year: 1991 Parcel Size: IRREGULAR Owner Name: JEFFREY A GOLDETSKY Taxpayer Name & Address: JEFFREY A GOLDETSKY 14770 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: June, 1993 Sale Price: $ 132,500 Transaction Type: Warranty Deed Tax Parcel Description Lot: 009 Addition Name: Block: 003 PARKVIEW RIDGE Metes & Bounds: INCL ADJ VAC HWY oft 3/22/019:42 PM Property Information Search by Street Address Result page wysiwyg://l9/http://www2.co.hcnnepin.mn.us/pins/AddrSrchRes.stni Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 143,900 Limited Market Value: 142,600 Taxable Market Value: 142,600 Total Improvement Amount: Total Net Tax: 1,861.30 Total Specials: Solid Waste Fee: 26.48 Total Tax : 1,887.78 Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market Building Market Machinery Market Land Limited Building Limited Qualifying Improvements Property Type Homestead Status Relative Homestead Agricultural Exempt Status Records 1 -1 of total 1 5021 40,000 103,900 Total Market: 143,900 39,600 103,000 Total Limited: 142,600 Classifications: RESIDENTIAL HOMESTEAD Questions or problems with this database search should be directed to Don. Kooel Oco. hen nepi n. mn. us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn. Net(&co.henneQin.mn.us or use our Feedback Form liasne 5erv ces Ta pa er Serr+ces rii RssEssaes t}ep1, f4afA Search Ilt>t1priiiwl;triwNli Copyright ©1998 Hennepin County 172 3/22/019:42 PM Property Wonnation Search by Street Address Result page Property Ia._ Address Addition Name Building #: 1478 exact) Street Name: at least 3 characters) 40th Ave North 1 Condo #: optional) Search Clear 20 records per page wysiwvg:H l 6/http://www2.co.henncpin. mn. us/pins/AddrSrchRes.stn Property Information Search Result 7he property information database is updated at the beginning of each month.) Parcel Data for Taxes Payable 2001 Property ID: 16-118-22 42 0024 Viea'Aal: Fayrrtent Options Property Address: 14780 40TH AVE N Municipality Name: PLYMOUTH School Dist: 281 Watershed: 0 Sewer Dist: 01 Construction Year: 1991 Parcel Size: IRREGULAR Owner Name: J P BLAKE & L L HEBERT Taxpayer Name & Address: JOHN P BLAKE LINDA L HEBERT 14780 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: March, 1991 Sale Price: $114,700 Transaction Type: Warranty Deed Tax Parcel Description Lot: 008 Addition Name: Block: 003 PARKVIEW RIDGE Metes & Bounds: INCL All VAC HWY of 2 3/22/019:39 PM Property lnrormation Search by Street Address Result pagc wysiwyg://i6/http://www2.co.hcnnepin.mn.us/pins/AddrSrchRcs.su Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 152,900 Limited Market Value: 151,800 Taxable Market Value: 151,800 Total Improvement Amount: Total Net Tax: 2,040.68 Total Specials: Solid Waste Fee: 28.18 Total Tax : 2,068.86 Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market Building Market Machinery Market Land Limited Building Limited Qualifying Improvements Property Type Homestead Status Relative Homestead Agricultural Exempt Status Records 1 -1 of total 1 5011 38,000 114,900 Total Market: 152,900 37,700 114,100 Total Limited: 151,800 Classifications: RESIDENTIAL HOMESTEAD Questions or problems with this database search should be directed to Don. Kopel(&co.hennepin mn us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn. Net0co. hennepin. mn. us or use our Feedback Form Home s i4xgv!r Serrices assessor'., (D %lain Search dilMrYitt tit+lMiitwrw iYlfllwltiiiel. " Copyright ©1998 Hennepin County oft 3/22/019:39 PM Property lnfonnation Search by Street Address Result page Property tp.___ AddressAM Addition Name Building M 1479 exacl) Street Name: at least 3 characters) 40th Ave North Condo #: r ----I optional) L_J Search Clear wysiwyg:fl14/http://www2.co.hcnncpin.nm.us/pins/AddrSrchRes.su Property Information Search Result The property information database is updated at the beginning of each month.) Parcel Data for Taxes Payable 2001 Property ID: 16-118-22 42 0023 View haprayar.r.1 tap[ions Property Address: 14790 40TH AVE N Municipality Name: PLYMOUTH Construction Year: 1991 Owner Name: School Dist: 281 Watershed: 0 Sewer Dist: 01 Parcel Size: IRREGULAR K L & N E WERSTEIN Taxpayer Name & Address: KEVIN L & NINA E WERSTEIN 14790 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. Sale Date: March, 1991 20 records per page Sale Price: $ 102,000 Transaction Type: Warranty Deed Tax Parcel Description Lot: 007 Addition Name: Block: 003 PARKVIEW RIDGE Metes & Bounds: INCL ADJ VAC HWY of 2 3/22/019:37 PM Property Information Search by Street Address Result page wysiwvg://14/http://www2.co.henncpin.nm.us/pins/AddrSrchRcs.sti Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 135,700 Limited Market Value: 134,100 Taxable Market Value: 134,100 Total Improvement Amount: Total Net Tax: 1,696.06 Total Specials: Solid Waste Fee: 24.90 Total Tax: 1,720.96 Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market Building Market Machinery Market Total Market: Land Limited Building Limited Total Limited: Qualifying Improvements Classifications: Property Type Homestead Status Relative Homestead Agricultural Exempt Status Records 1 - 1 of total 1 5009 RESIDENTIAL HOMESTEAD 38,000 97,700 135,700 37,600 96,500 134,100 Questions or problems with this database search should be directed to Don. Kope I (abco. hennegin. mn. us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn.Net@co.hennepin.mn.us or use our Feedback Form Hasne CBfY1C85 T , ager Serr+res d; Assessor's Dept a lafn Search Copyright m 1998 Hennepin County 3f 2 3/22/019:37 PM Property Information Search by Street Address Result page Property ID Address Addition Name ~ Building #: 1480 exac9 Street Name: at least 3 characters) 40th Ave North Condo #: oPtiomQ Search Clear 20 records per page ysi%vyg:Hl 2/http://%-ww2.co.hcnncpin.mn.us/pins/AddrSrchRcs.stii Property Information Search Result The property information database is updated at the beginning of each month.) Parcel Data for Taxes Payable 2001 Property ID: 16-118-22 42 0022 Vie+ wna:w1sar ?a rJttions Property Address: 14800 40TH AVE N Municipality Name: PLYMOUTH School Dist: 281 Watershed: 0 Sewer Dist: 01 Construction Year: 1992 Parcel Size: IRREGULAR Owner Name: K P & D A DIDIER Taxpayer Name & Address: KYLE & DENISE DIDIER 14800 40TH AVE N PLYMOUTH MN 55446 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms -length transactions. NO SALE INFORMATION ON FILE FOR THIS PROPERTY. Tax Parcel Description Lot: 006 Addition Name: Block: 003 PARKVIEW RIDGE Metes & Bounds: INCL ADJ VAC HWY Value and Tax Summary for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Estimated Market Value: 168,900 Limited Market Value: 168,900 Taxable Market Value: 168,900 Total Improvement Amount: Total Net Tax: 2,373.50 Total Specials: Solid Waste Fee: 31.36 Total Tax: 2,404.86 oft 3/22/019:34 PM Property Wonnation Search by Street Address Result page wysiwyg://12/http://www2.co.hcnncpin.mn.us/pins/AddrSrchRes.stni Property Information Detail for Taxes Payable 2001 Values Established by Assessor as of January 2, 2000 Values: Land Market Building Market Machinery Market Land Limited Building Limited Qualifying Improvements Property Type Homestead Status Relative Homestead Agricultural Exempt Status Records 1 -1 of total 1 5006 Total Market: Total Limited: Classifications: RESIDENTIAL HOMESTEAD 38,000 130,900 168,900 38,000 130,900 168,900 Questions or problems with this database search should be directed to Don. Kopel(cbco. hennepin.mn.us Hennepin County is providing this information as a public service. Please send comments on our Web Site to Henn. Net(d-)co.hennepin.mn.us or use our Feedback Form H4rrae Services Ya a er Servvices ` . Assess©r5 Det Matra SearchF iwi itieM+i.i4iwf Copyright ©1998 Hennepin County ort 3/22/019:34 PM Written #3 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: James Koch and Susan Hohenstein PROPERTY ADDRESS: 2045 Kimberly Court North PID #: 29-118-22-23-0060 LEGAL DESCRIPTION: Lot 15 Block 1 Shores of Kraetz Lake 2001 ESTIMATED MARKET VALUE: 734,000 2000 ESTIMATED MARKET VALUE: 644,200 1999 ESTIMATED MARKET VALUE: 587,400 2001 REVISED MARKET VALUE: $716,000 ISSUE: Mr. Koch stated in his letter, that the taxable market value has gone up 17.7% or $104,100 in just two years. Mr. Koch said that lower valued homes may be able to get this type of increase, but higher valued homes have a limited number of buyers, and therefore the value should increase at a slower pace. He is concerned that the home is over priced and the taxes will arbitrarily go up. RECOMMENDATION: The taxable market value has gone up significantly in the last two years, because of the high demand and low supply of homes for sale in this area. While there would be a limited number of buyers in this price range, it is the sales price of the homes that will determine the estimated market value. This property was in the Parade of Homes in the fall of 1996, and has access to Kraetz Lake. It is a quality built home and is in very good condition, but the site has a very small back yard that overlooks a neighbors shed. Since the home was built extremly close to Kraetz Lake, the side yard is also very steep. Because of these issues the property would most likely not demand top selling price. The owner was notified by phone April 20' and agreed to 716,000. Respectfully submitted, Pa,4 K' Paul Kingsbury, MA Appraiser Phone (763) 509-5357 Email pkingsbu@ci.plymouth.mn.us 2001 Board of Review Page 2 Subject Property Dwelling Style: Two Story Year Built: 1996 Square Feet: 4161 (gross building area) MARKET COMPARISONS Page 3 Comparable #1 PID #: 29-118-22-23-0056 Address: 2075 Kimberly Lane North Dwelling Style: Two Story Year Built: 1997 Square Feet: 3260 (gross building area) Sale Price: $645,000 Sale Date: September 1999 Page 4 Comparable #2 PID #: 34-118-22-41-0041 Address: 440 Sycamore Circle North Dwelling Style: Two Story Year Built: 1997 Square Feet: 3133 (gross building area) Sale Price: $723,500 Sale Date: April 2000 Page 5 Comparable #3 PID # 17-118-22-12-0060 Address: 16400 Old Rockford Road Dwelling Style: Two Story Year Built: 1998 Square Feet: 3674 (gross building area) Sale Price: $599,000 Sale Date: February 2000 KRAETZ KE 0 A SUBJECT A 21ST AVE NE x;: 4 v. by APR.16.2001 7:42P11 KOCH Aroch INS IS'TRIES April 16, 2001 Attn: Paul Kingsbury City of Plymouth Local Board of Review 3400 Plymouth Blvd. Plymouth, MN 55447 Dear Mr. Kingbury, INDUSTRIES NO. 176 P.1 114 C'' N 161 Chsehlm Lane, Mh+nespolls. Minnosela 55441.5465 USA Telsphene 1763) 475.6500 Fbcalmlle (763) 47b48601 Regarding property ID# 29-118-22 23 0060 at 2045 Kimberly Court, Plymouth. My taxable market value has gone up 17.7% or $104,100.00 in just two years. As we discussed today, lower valued homeowners may be able to get this type of a value increase in today's market. The market for a higher valued home like ours is lirr ited. There is just not the number of buyers out in the market to drive the value of a house like ours up at the same pace as a loser valued home. My concern going forward is that the value of our home is over priced and the taxes will just arbitrarily go up, especially in today's uncertain economy. Please call me at 763-475-6515 to schedule an appointment at your earliest convinence to re -value our home. Thuilcs for your assistance. Written #4 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNER'S NAME: DENIS & JANICE LAWLESS PROPERTY ADDRESS: 1840 HOLLY LANE NORTH PID #: 29-118-22 310058 LEGAL DESCRIPTION: LOT 5 BLOCK 5 OAKDALE WEST 2001 ESTIMATED MARKET VALUE: 365,500 2000 ESTIMATED MARKET VALUE: 327,500 1999 ESTIMATED MARKET VALUE: 304,700 2001 REVISED MARKET VALUE: NO CHANGE APPEAL DROPPED) ISSUE: The current owners of this property purchased it for $287,000 in 1993, and say no structural problem was revealed to them at that time. They have since discovered a couple bowed boards in the basement, and a beam located nearby, which has had a small shim inserted under it. There are some cracks on the second -floor ceiling and at the seal of the bay window in the front of the house. The owners feel these things might affect the value of this property . RECOMMENDATION: The owners asked a structural engineer to view the property after their appeal to the Board of Review. The engineer said the house is settling and assured them that some problems of this sort are to be expected in a house 18 years old. The owners have decided to drop their appeal. Respectfully submitted, to Joan McCormick,CMA Appraiser 763-509-5353 iMccormi@ci.plymouth.mn.us 2001 Board of Review Page 2 SUBJECT Dwelling Style: Two-story Year Built: 1983 Gross Building Area: 2849 Sq. Ft. Three -Season Glazed Porch Basement Finish: Family Room and a half -bath Garage: 716 Sq. Ft. M9 go I To: City of Plymouth, City Assessors For: Appeal to Board of Review From: Denis & Janice Lawless 1840 Holly Lane North., Plymouth 55447 RE: Structural Conditions not disclosed to us when we purchased this home in 1993 but will definitely make this home less competitive in the market place! We are asking for a review of our 2001 Hennepin Tax Evaluation due to the above mentioned structural condition of our home. I hired a Structural Engineer several months after moving into our home and noticing this condition. He was unable to find a solution or offer any suggestions. I am in the process of getting a second opinion by another Structural Engineer since receiving our Accessed Tax Evaluation for 2001. The timing of the Easter Holiday, spring break vacation, and a very busy work schedule at this time of year has delayed the process and results. We would appreciate some additional time to make this a true assessment of our home and the proper reflection of what is fair for all. Thank you in advance. Written #5 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNER'S NAME: Anthony D. Spector PROPERTY ADDRESS: 13720 59`h Place North PID #: 03-118-22-24-0009 LEGAL DESCRIPTION: Lot 8, Block 6, Lake Camelot Estates 2001 ESTIMATED MARKET VALUE: 220,300 2000 ESTIMATED MARKET VALUE: 191,900 1999 ESTIMATED MARKET VALUE: 179,600 SEPTEMBER 2000 SALE PRICE: $243,500 2001 REVISED MARKET VALUE: No Change ISSUE: Mr. Spector purchased this property in September of 2000. Since that time he has discovered that his home has significant structural defects. He is in the process of obtaining estimates for repair, but to date has nothing in writing. He hopes to have a structural engineer and a state building inspector look at the property and submit written recommendations for an appropriate plan of action to repair his house. RECOMMENDATION: Take no action on the value. Mr. Spector wants to complete the gathering of data for submission to the County Board of Equalization. Respectfully submitted, 0"' kxow Bev Moos, CMAS Appraiser 763-509-5354 BMoos@ ci. plymouth. mn. us Anthony D. Spector 13720 - 5pch .— Iz ;L NG..:. Plymouth, Minnesota 55446-3525 763/559-0223 Ilia Facsimile April 17, 2001 Office of the City Assessor Local Board of Review City of Plymouth 3400 Plymouth Boulevard Plymouth, MN 55447 Re: Property ID 03-118-22 24 0009 — Valuation Appeal Dear Sir/Madam: I write this letter in an effort to appeal the valuation of my above -referenced residential homestead property. Since 1 moved into my home, I have discovered significant structural defects in the load-bearing capabilities of my home; the floor joists are under -spanned, resulting in significant floor movement and deflection. - valued. Because of the defects, I believe my property's estimated market value is over - 1 recently met with Plymouth City Assessor Bev Moos. She visited my house, listened to my concerns, and inspected the property. She observed the significant floor movement and deflection and concurred that the condition adversely affects my home'sestimatedmarketvalue. I have met with building contractors and discussed construction solutions designed to ameliorate the structural defects. To date, I have not received written estimates delineating repair costs. I have received, however, preliminary oral quotes thatexceed $10,000. Therefore, by this letter I respectfully request to reserve my right ofappealtotheHennepinCountyBoardofReview. Please call me with any questions or concerns. Very truly yours, Anthony D. Spector ZO-d L9Lb-0LE Z19 a3I10d NUVd SI10dVaNNIW VE:11 10-L1- AdV Written # 6 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME PROPERTY ADDRESS: PID #: LEGAL DESCRIPTION: Michael G. Swanson 6000 Kirkwood Lane North 02-118-22-24-0011 Lot 9 Block 1 Bass Lake Shorewood Hills 2001 ESTIMATED MARKET VALUE $ 168,100 2001 REVISED MARKET VALUE No Change ISSUE: Mr. Swanson is requesting that his estimated market value be reduced to 138,000. He is basing this on a property that sold in his neighborhood. The home at 5900 Kirkwood Circle sold in 1992 for $350,000 and again in 1999 for $408,000. Mr. Swanson stated this was a 15 % increase and that the owner added a 4 car garage during that time. Since he purchased his home in 1992 for $115,000 he feels the valuation on his property should be $138,000. RECOMMENDATION: Mr. Swanson contacted our office on March 23`d asking how we determined the valuation on his property. The process was explained to him and a list of comparable properties was sent to him in the mail. Mr. Swanson faxed a written appeal to the Local Board on April 17'. He was contacted on April 19' to set up an appointment for an inspection. He said any information I gained on my inspection could not be used for the report and asked that I sign a written affidavit agreeing to that. An inspection of the property was not completed. Board of Review Page Two Comparable sales indicate the estimated market value of this property should be in a range between $190,000 to $226,000. Based on all factors previously mentioned it is my opinion that the valuation remains unchanged for the 2001 assessment. Respectfully submitted, Nancy Bye, CAE City Assessor 763-509-5351 NBye@ci.plymouth.nm.us Dwelling Style: Year Built: Square Feet: Garage: Bsmt finish: Location: Rambler 1968 1,566 2 Car (tuckunder) 700 sq. ft. Deeded lakeshore access SUBJECT Deck: 204 sq. ft. 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #1 PID # 02-118-22-24-0013 Address: 5920 Kirkwood Lane North Dwelling Style: Rambler Garage: 3 Car (tuckunder) Year Built: 1972 Bsmt finish: 913 sq. ft. Square Feet: 2,015 Glazed Porch: 336 sq.ft. Sale Price: 310,000 Pool: Yes Sale Date: 4/28/2000 Location: Deeded lakeshore Previous Sale: 263,000 access Sale Date: 8/27/98 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #2 PID # 22-118-22-44-0030 Address: 12720 27 h Avenue North Dwelling Style: Rambler Garage: 2 Car (tuckunder) Year Built: 1962 Bsmt finish: 500 sq.ft. Square Feet: 1,551 Deck: 216 sq. ft. Sale Price: 190,000 Location: Quiet residential Sale Date: 08/01/00 neighborhood 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #3 PID # 34-118-22-43-0012 Address: 125 Teakwood Lane North Dwelling Style: Rambler Year Built: 1961 Square Feet: 1,724 Sale Price: 180,000 Sale Date: 3/01/2000 Garage: 2 Car (tuckunder) Glazed porch: 200 sq.ft. Pool: Yes Location: Across from school 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #4 PID # 35-118-22-44-0040 Address: 17 County Road # 73 Dwelling Style: Split Entry Year Built: 1968 Square Feet: 1,593 Sale Price: $200,000 Sale Date: 7/20/2000 Garage: 2 (Car tuckunder) Bsmt finish: 770 sq. ft. Deck: 288 sq.ft. Location: On Cty.Rd #73 ES ADDRESS SALE DATE SALE PRICE STYLE YEAR BUILT SIZE (SQ. FT.) BATHS FIREPLACES BASEMENT FINISH GARAGE (# CARS) CONDITIONING CH AREA POOL LOCATIONAL ADJUSTMENT TOTAL ADJUSTMENT TOTAL ADJUSTED SALE PRICE ABLE ADJUSTMENT GRID FOR: APPRAISAL OF 6000 Kirkwood Lane PLYMOUTH, MINNESOTA MARKET VALUE : January2, 2001 COMP. #1SUBJECT 6000 Kirkwood Lane 5920 Kirkwood Lane 4/28/00 310,000 Rambler Rambler Front walkout Front walkout 1968 1972 1,566 2,015 38,000) 1 + 3/4 + 1/2 1/2 + 1 + Deluxe 5,000) 2 2 700 sq. ft. 600 sq. ft. 2 Car tuckunder 3 Cartuckunder 12,000) 204 sq.ft. None 1,600 Yes Yes None Glazed 336 sq.ft. 20,000) None Yes 10,000) Lakeshore access Lakeshore access 83,400) 226,600 COMP. #2 12720 27th Avenue 8/31/00 190,000 Rambler Front walkout 1962 1,551 1 +1/2 4,000 1 3,000 500 sq. ft. 2 Cartuckunder 216 sq.ft. Yes None None Quiet residential 5,000 12,000 202,000 COMP. #3 125 Teakwood Lane 3/1/00 180,000 Rambler Front walkout 1961 1,724 13,000) 1 7,500 1 3,000 None 20,000 2 Cartuckunder None 1,600 No 2,000 Glazed 200 sq. ft. 15,000) Yes 10,000) Across from school 5,000 191,100 COMP # 4 17 County Road # 73 7/20/00 200,000 Split Entry Front walkout 1968 1,593 3/4+1+3/4 1,000) 2 770 sq.ft. 2 Cartuckunder 288 sq.ft. Wail unit 1,500 None None On County Road #73 3,000 3,500 203,500 Location M 27TH PL Q a 26TH AVE April 17, 2001 By Fax 763-509-5060 Local Board of Review City of Plymouth RE: 6000 Kirkwood Lane N. Property I.D. 02-118-22 24 0011 1 would request that my estimated market value be adjusted to 138,000. 1 have reviewed the sale of houses in my area to determine what is a reasonable increase. One house in my area waspurchasedatthesametimeasmine. The house at 5900 Kirkwood Circle. That was purchased in 1992 and sold in 1999. That house was purchased for 350,000. The owners then built a 4 car garage, the house was sold in 1999 for 408,000. That was an increase of 15%. If you use the same data for my house, 115,000 sale price in 1992 x 10 years is 20% for an amount of 138,000. I asked the city assessor for all houses sold in 1999/2000 that were purchased in 1992 to see what the reasonable increase would be. No other information was submitted to me to establish a legitimate increase except the information I have supplied to you. Thank you. Michael G. Swanson 6000 Kirkwood Lane N. Plymouth, MN 55442 h) 763-551-1386 w) 952-918-1100, ext. 1202 April 6, 2001 Michael G. Swanson 6000 Kirkwood Lane Plymouth, Minnesota 55442 Re: 2001 VALUATION NOTICE 6000 Kirkwood Lane North PID #02-118-22-24-0011 Dear Mr. Swanson: ary of PLYMOUTI+ Each year the Assessing Division determines the estimated market value of each property in the city for tax purposes. For the January 2, 2001 assessment there were approximately 23,000 parcels in the city. The valuations are established through a mass appraisal system that compares each property to the sale of similar type properties as well as studying the sales activity within the jurisdiction and the immediate neighborhoods. Pursuant to our telephone conversation on April 2, 2001, the following is a list -of sales of comparable style homes that have tuck -under garages. Address Square Feet Age Sale Date Sale Price 2 59XO Kirkwood Lane N 2015 1972 4/28/00 310,000 1272027 1h Ave. N. 1551 1962 8/31/00 190,000 125 Teakwood Lane N. 1724 1961 3/01/00 180,000 17 County Rd 73 - 1593 1968 7/20/00 200,000 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 2001 value. Yours truly, Nancy Bye, CAE City Assessor PLYMOUTH A Beautiju(Place'ry Live 3400 PLYMOUTH BOULEVARD - PLYMOUTH, MINNESOTA 55447-1482 - TELEPHONE (612) 509-5000 0 www.d.plymouth.mmus Written #7 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: PROPERTY ADDRESS PID #: Helen Chen 4725 Terraceview Lane North 09-118-22-32-0047 LEGAL DESCRIPTION: Lot 5 Block 1 Wooddale North Plat 2 2001 ESTIMATED MARKET VALUE: $175,000 2001 REVISED MARKET VALUE: No Change ISSUE: Ms. Chen feels that her home is overvalued compared to the properties in her neighborhood that have sold because of the condition. She bases this opinion on the assumption that all the sold properties have new roofs, maintenance free siding, and fireplaces. RECOMMENDATION: It the opinion of this appraiser that the 2001 Estimated Market Value remain unchanged. Ms. Chen called the office after receiving her valuation notice and an appointment was held March 28 at 10 AM. Following the inspection of the property, sales that have occurred in her neighborhood were reviewed. Since the maintenance of her home was in question the comparables (according to MLS and/or the City of Plymouth Building Department) all have composition siding and no record of new windows or roof. There are no ramblers that have sold in the immediate neighborhood so splits of the same size and age were used with adjustments made for differences. Ms. Chen was notified that pictures of the property would be taken on April 18. Board of Review Page Two Respectfully submitted, Janice L. Olsson, RES Senior Appraiser Extension #5355 JOIsson@ci.plymouth.mn.us Dwelling Style: Rambler Year Built: 1985 Foundation: 1155 Subject Value History: 1999 2000 EMV $147,300 $157,900 LMV -0- -0- Purchased in 1995 for 142,000 Amenities: Deck Central Air Basement Finish No Fireplace 1 3/4 Baths 4 Bedrooms Composition Siding Walkout Cul-de-sac 2001 175,000 171,300 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #1 PID #: 09-118-22-32-0023 Address: 15605 49`h Avenue North Dwelling Style: Split -Level Year Built: 1985 Foundation: 1174 Sale Price: 180,000 Sale Date: 6/00 Amenities: Deck Central Air Basement Finish 1 Fireplace 1 3/a Baths 4 Bedrooms Composition Siding No Walkout Backs to Outlot 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #2 PID #: 09-118-22-32-0026 Address: 15600 49`h Avenue North Dwelling Style: Split -Level Year Built: 1985 Foundation: 1081 Sale Price: 190,000 Sale Date: 12/00 Amenities: Deck Central Air Basement Finish 1 Fireplace 1 3/a Baths 4 Bedrooms Composition Siding Walkout Backs up to Schmidt Lake Road 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #3 PID #: 09-118-22-32-0040 Address: 4740 Upland Lane North Dwelling Style: Split -Level Year Built: 1985 Foundation: 1122 Sale Price: $170,350 Sale Date: 1/00 Amenities: Deck Central Air Basement Finish No Fireplace 1 3/4 Baths 4 Bedrooms Composition Siding No Walkout Inside Lot 2001 BOARD OF REVIEW MARKET COMPARISONS Comparable #4 PID #: 09-118-22-32-0055 Address: 4715 Ranchview Lane North Dwelling Style: Split -Level Year Built: 1986 Foundation: 1136 Sale Price: 180,000 Sale Date: 3/00 Amenities: Deck Central Air Basement Finish No Fireplace 1 3/a Baths Composition Siding Walkout Backs to Outlot Location Map 49TH A 0 Ui COMP OMP 2001 BOARD OF REVIEW CITY OF PLYMOUTH April 17, 2001 Owner Name: Address: Address: 2-' Tarr-a-cwat/ Q Property Identification: 67% Purchase Price: i4 - K Purchase Date: / 0 1'r City/Zip: 2001 Estimated Market Value: / %rk 17 Daytime Phone: > Any appeal should be based on evidence that the 2001 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 lunder appeal. I/ /1_ Please check 1fyou wish to summarize your appeal to the Board at the podium. . Written #8 2001 BOARD OF REVIEW STAFF REPORT AND RECOMMENDATION PROPERTY OWNERS NAME: Marty Wolske and Amy Hutchison PROPERTY ADDRESS: 15635 A 26' Avenue North PID #: 21-118-22-33-0336 LEGAL DESCRIPTION: Long Legal 2001 ESTIMATED MARKET VALUE: 105,400 2000 ESTIMATED MARKET VALUE: 95,100 1999 ESTIMATED MARKET VALUE: 84,200 2001 REVISED MARKET VALUE: No change ISSUE: Mr. Wolske stated that at the time the home was purchased, housing was in large demand and interest rates were over 1 % higher than now. Mr. Wolske also says that comparable homes in square feet are selling for $904100,000. It is not a single family home, rather a 1984 one story townhome with a one car garage, no basement and only one bathroom. Townhomes with two baths and two car garages are selling for 89,000 range. Association dues are $190/month and would depress the value. Selling the condominium right now would mean a signicant loss due to the circumstances outlined above. RECOMMENDATION: At the time Mr. Wolske purchased the home, there was large demand and interest rates were around 7%. Since then, interest rates have gone down even further and along with strong demand, the selling prices are still going up. Lower interest rates usually will keep the demand for existing housing strong. The property was purchased in August 2000, for $111,250. Comparable units like Mr. Wolskes, with a one car garage, no basement and one bath are curently selling for $121,500- 126,000. The larger units are typically selling from $132,900-$138,500. If the property were sold right now the selling price would probably be in the $121-$126,000, range, as stated above. Based on comparable sales, no change is recommended. Page 2 Respectfully submitted, P Paul Kingsbury, CMA Appraiser Phone (763) 509-5357 Email pkingsbu@ci.plymouth.mn.us 2001 Board of Review Page 3 Subject Property Dwelling Style: One story (no basement,one car garage, and one bath) Year Built: 1986 Square Feet: 1148 2001 BOARD OF REVIEW MARKET COMPARISONS Page 4 Comparable #1 PID #: 21-118-22-33-0264 Address: 15810 26' Avenue North #A Dwelling Style: One Story (no basement,one car garage, and one bath) Year Built: 1984 Square Feet: 1148 Sale Price: $121,500 Sale Date: 6/2000 Page 5 Comparable #2 PID #: 21-118-22-33-0328 Address: 15615 26 h Avenue North #A Dwelling Style: One Story (no basement,one car garage and one bath) Year Built: 1986 Square Feet: 1148 Sale Price: $126,000 Sale Date: 8/2000 2001 BOARD OF REVIEW Page 6 Comparable #3 PID # 21-118-22-33-0296 Address: 15805 26' Avenue North #A Dwelling Style: One Story (no basement,one car garage and one bath) Year Built: 1984 Square Feet: 1148 Sale Price: $108,000 (If adjusted for current sales time frame, the sale price would then equal $121,000) Sale Date: 10/1998 C J 9 C4) 2001 BOARD OF REVIEW CITY OF PLYMOUTH April 17, 2001 Address: 1574a35- A a Je • ] a/ -33 33,6 Property Identification: Owner Name: koiJti Address: 15t 3S k c9,,6'-"' A -,H M, Purchase Price: -f 10 9, gxnr to - ob Purchase Date: City/Zip: — S -1 /q 2001 Estimated a6MarketValue: 3 Li7s" Daytime Phone: Any appeal should be based on evidence that the 2001 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 it'you %vish to summarize your appeal to the Board at the podium. btu04-fie. ?1&A Iq un«e V d... 4.;, oma- w-ym. iw.r. p5pec 5Ab fie.