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042202 CC BR AgP d .... :.> CITY OF SHOREWOOD BOARD OF REVIEW MONDAY, APRIL 22, 2002 5755 COUNTRY CLUB ROAD COUNCIL CHAMBERS 6:00 P.M. AGENDA 1. RECONVENE BOARD OF REVIEW MEETING A. Roll Call Chair Love _ Garfunkel Lizee . Zerby _ Turgeon _ B. Review Agenda 2. APPROVAL OF MINUTES A. Board of Review Work Session Minutes of April 8, 2002 (Att.#2A Minutes) B. Board of Review Meeting Minutes of April 15, 2002 (Att.-#2B Minutes) 3. CONSIDERATION OF A MOTION REGARDING CITY ASSESSOR'S RECOMMENDATIONS 4. ADJOURN CITY OF SHOREWOOD BOARD OF REVIEW WORK SESSION MEETING MONDAY, APRIL 8, 2002 5755 COUNTRY CLUB ROAD COUNCIL CHAMBERS 5:30 P.M. MINUTES 1. CONVENE BOARD OF REVIEW WORK SESSION MEETING DR~fl Chair Love called the Work Session meeting to order at 5:36 P.M. A. Roll Call Present: Chair Love; Board Members Turgeon, Garfunkel, Lizee (arrived at 5:40 P.M.), Zerby (arrived at 5:50 P.M.); Administrator Dawson Absent: None . B. Review Agenda , Board Member Lizee arrived at 5:40 P.M. 2. PRESENTATION OF REPORT TO BOARD OF REVIEW BY HENNEPIN COUNTY ASSESSOR'S OFFICE REPRESENTATIVES BILL DAVY AND TOM KUNIK Senior Assessor Davy reported that market values throughout the Twin Cities are up. He passed around booklets containing the pertinent sales study statistics in regards to Shorewood for the 2002 assessment period running October 1,2000, until September 30,2001. He stated that during that period there was a total of 88 residential sales, 11 of which were on the lake. Davy explained that the County takes all of those actual sales and compares them to the sale prices on January 2, 2001, which gives them an idea of just how much the market had changed by looking at the sale price versus the assessment. . Davy reported that off lake properties were adjusted approximately 15.1 % and on lake properties 11.3% in order to meet Hennepin County sales ratio standard of 95-96%. In comparison to other cities, an adjustment of 11% is low, which can be attributed to previous years of adjusting lake shore properties more accurately. He added that six of the City's 49 double bungalows sold this year, which is a good sample of over 12%, and showed an increase of 20% in assessed value. In regard to phone calls received by Hennepin County, of the 85 calls, over half have been purely of an informational nature. Since notices were released, 27 interior inspections have been performed by Davy and Kunik, 15 of which were adjusted downward. The remaining 12 have been notified that there will be no change upon review. Others may simply require a call back to the owners to explain the changes. While Davy pointed out that Hennepin County has just about wrapped up all of its reviews, Kunik added that a few late calls tend to trickle in that they will be continuing to follow-up with. Chair Love asked if they and the County have found they are able to resolve the questions that arise with the home visits and discussion. Davy stated that much of the concern centers on the need to explain to people where they compare City-wide and point out to them that they have not been singled out among their neighbors. ::#J-A BOARD OF REVIEW WORK SESSION MEETING MINUTES Apri18,2002 Page 2 of2 In the past, Chair Love stated that a few property owners have come before the initial meeting of the Board of Review, asking for an appeal process in which the Hennepin County staffhave come back with information regarding comparable properties and been able to discuss the assessment point-for-point. While the sales booklets are useful tools, Chair Love questioned how the staff would handle the situation if property owners came to the meeting and what sort of data would Hennepin County provide when reporting back on these properties. Davy stated that they would want to perform interior inspections on the properties, defme sales and provide a comparable grid to the homeowners. While the Board has been very supportive of past assessments by Hennepin County, Chair Love believed in the need to show the process to the public. Davy stated that although they use a mass appraisal system, individual concerns could be addressed more thoroughly. Often times by merely helping people focus on the percent increase year-to-year makes.a difference. Board Member Zerby arrived at 5:50 P.M. Chiar Love inquired whether it would be possible to meet again if there are any unresolved reviews to examine. Davy stated that currently there are four to eight reviews that could be followed up. 11. ADJOURN Lizee moved, Garfunkel seconded, adjourning the Board of Review Work Session of April 8, 2002, at 5:53 P.M. Motion passed 5/0. RESPECTFULLY SUBMITTED, KRIST! ANDERSON Recording Secretary Craig W. Dawson, City Administrator Woody Love, Chair .,; -;.0 . . "0' ~. . . . BOARD OF REVIEW CITY OF SHOREWOOD MONDAY, APRIL 15,2002 5755 COUNTRY CLUB ROAD COUNCIL CHAMBERS 7:00 P.M. MINUTES 1. CONVENE BOARD OF REVIEW MEETING DRAft Chair Love called the meeting to order at 7:00 P.M. A. Roll Call Present: Chair Love, Boardmembers Garfunkel, Lizee, and Turgeon; Administrator Dawson; City Appraisers Bill Davy and Tom Kunik Absent: Boardmember Zerby B. Review Agenda Turgeon moved, Lizee seconded, approving the Agenda as presented. Motion passed 4/0. 2. PRESENTATION BY HENNEPIN COUNTY ASSESSOR Administrator Dawson explained the City Council would be acting as a Board of Review whose purpose was to examine property valuations and hear concerns brought forward by residents regarding proposed valuations for their property. He stated the property tax system was established by the Minnesota State Legislature and as such, required all issues regarding valuation to be remedied twenty days from this date. He explained the City had contracted with Hennepin County for provision of assessment of property valuations. He also explained the procedures to be utilized in this meeting and noted the Board could approve the valuation, make changes to the valuation, or suggest the appellant work to remedy the areas of concern with the assessors. As a result, he anticipated the Board of Review would be holding another meeting in approximately one week to hear progress made on issues brought forth this evening. Chair Love then introduced City Assessors, Bill Davy and Tom Kunik, of the Hennepin County Assessors Office. Mr. Davy reviewed the role of the assessors for the City and noted approximately twenty-five percent of the properties within the City were reviewed in any given year. This year the properties west of Eureka Road, and Enchanted Island were reviewed by the Assessor's office. He also explained there were many factors, such as size of the building and quality of the structure on the property, involved in providing an accurate assessment. In addition, he explained the State legislature had enacted a "limited law" which allowed valuations to increase on a property at a rate of 8.5% annually, or 15% of the difference between the new and previous estimated market value of the property, whichever was greater. He further explained this law was being phased out over the next five years. In the Year 2007, this limited law would no longer be utilized. Mr. Davy stated his purpose in tonight's meeting was to gather more information from concerned residents. Chair Love detailed the process to be utilized by residents interested in appealing the proposed valuation. He also anticipated a reconvened Board of Review meeting would need to take place in approximately :t/I-OJ.8 .. BOARD OF REVIEW MEETING MINUTES April 15, 2002 Page 2 of 4 ,J ,l one week. After that date, appeals could be made to the Hennepin County Board of Equalization by June 7,2002. Pinal appeal would be made to the Minnesota Tax Court by March 31, 2003. 3. TESTIMONY BY RESIDENTS Bill Miller of 2691 Casco Point Road, Wayzata, Minnesota, representing Upper Minnetonka Yacht Club, PID 30-117-23-33-0025, explained the history of the Upper Minnetonka Yacht Club, noting its existence since 1963 as a non-profit organization located on Enchanted Island. He noted the property had not been improved over time, and he requested it be valued in accordance with its use. He also stated the property would not be developed as part of its use. Chair Love stated he appreciated the sentiments regarding sailing in the area, as he also enjoyed the sport. However, he explained the reality was that the property was developable. He questioned whether the Yacht Club had considered placing a conservation easement over the property. Mr. Daly stated, for assessment purposes, the property would need to be examined as if it would be sold in the future. Chair Love encouraged Mr. Miller to have the Yacht Club explore the option of establishing a conservation easement over the property, as it seemed to meet the expressed goals of the Yacht Club as well as the residents of Shorewood. He suggested Mr. Miller meet with Administrator Dawson to discuss goals and options for the property. . Ronald Leaf, 19790 Near Mountain Boulevard, PID 36-117-23-44-0093, expressed concern for the amount of his valuation. He stated a formal appraisal on the property had arrived during the time the assessment was being completed. He noted the formal appraisal listed the value of the property at $335,000, while the assessed value was listed as $385,000. He stated he was concerned about the proposed city valuation, as the formal appraisal had also listed comparables in the area, which also disputed the higher valuation. In addition, his immediate neighbors had experienced a valuation increase of approximately 22%, while his showed an increase of 25%. He stated he had spoken with the assessors previously about his concerns. Chair Love suggested a site visit as an appropriate course of action. The appellant and the assessor . agreed. Howard Young, 5220 Spring Circle, PID 25-117-23-34-0026, stated his questions had been answered in the presentation made by the assessors previously in the evening. Richard Kiefer, 4640 Polaris Lane, Plymouth, Minnesota, PID 29-117-23-44-0030, stated he owned property on Birch Bluff Road. He stated his property was considered "landlocked" in that he was unable to access the lot from a City street. He also explained that he was unable to develop the property as a result. He stated his valuation had changed from $10,000 to $100,000. He stated he had not spoken with the assessors prior to this evening. Mr. Daly stated he would like to review the case prior to the next meeting. Mr. Kiefer agreed. Tom Skramstad, 28020 Woodside Road, PID not given, questioned how valuations were established on properties that held a structure that was tom down and rebuilt on a larger scale. Mr. Daly stated there was a bit of discrepancy shown on the Internet regarding properties listed as vacant parcels. He noted properties would often be accurately adjusted over the course of the two years time. Mr. Kunik also " .....----.-BOA:RD...OF-REVIEWMEETlNGMINUTES----- 'Il, ",. .. April 15, 2002 ~. Page 3 of 4 explained if a house was only partially constructed at the time of the assessment, only the completed portion could be included in the valuation. Chair Love also commented if the house was not completed at the time of the valuation in one year, it would most likely jump significantly in value in the next year. Kitty Onan, 5525 Wedgewood, PID 33-117-23-22-0029, stated she had a unique situation including a unique home. She stated she was concerned for the incremental increases on her property in the last three years, ranging from $235,000 to $300,000, in the most recent valuation notice. She stated she had contacted the assessor with her concerns. He had reviewed the property quickly and reduced the valuation to $275,000. In addition, she explained she was in the process of having a certified appraisal completed on the property, and she requested this examination be given serious consideration upon completion. She also stated a number of real estate agents had been through the house recently and noted there were significant improvements to be made to the house. With the repairs, the estimated market value recommended by the real estate professionals would be approximately $240,000, and without the improvements, approximately $210,000, at most. . Chair Love questioned Mr. Kunik whether he had visited the property. He responded affirmatively, and noted the house-required repair. He explained Ms. Onan was interested in replacement of items within the house that could potentially be repaired, thereby reducing the cost of repair shared by Ms. Onan. Ms. Onan stated she would like to be able to repair the house for the cost savings; however, there were constraints in finding replacement materials, as they were no longer being manufactured. She stated she would like the value of the necessary repairs equated in her valuation. She also requested the assessors return to the property and review the case. Chair Love requested Ms. Onan share her beliefs in writing regarding the cost of replacement versus repair in this matter. Stan Morgovsky, 23622 Smithtown Road, pm 34-117-23-23-0049, stated his property valuation had increased from $127,400 to $161,000. He further stated no improvements had been made to the structure within the last ten years. He requested a site visit by the assessors, noting he was uncertain of the process to be utilized prior to this evening. Mr. Daly agreed, and arrangements were made for the visit. . Brett Helgeson, 5640 Vine Hill Road, PID 36-117-23-14-0061, stated he was concerned for the increase in his valuation. He explained houses immediately located along Vine Hill Road were often inaccurately assumed to be sold at the same premium as other homes in the area. He stated he would like a revaluation and would like to set up an appointment with the assessors so that revaluation could take place. While there was no one present wishing to address the Board, Mr. Daly explained there were five additional residents and one marina wishing to be entered into the minutes for this evening as having concerns with the proposed valuations for the properties specified. . Barbara Beard, 27185 Noble Road, pm 32-117-23-22-0024 . Mike Cramer, 5425 Timber Lane, pm 34-117-23-22-0016 . Eric Ronsar, 5575 Shorewood Lane, pm 33-117-23-0056 . Pete Rowland, 26795 Noble Road, PID 32-117-23-21-0027 . Carole Westby, 27020 62nd Street West, PID 32-117-23-33-0030 . Minnetonka Moorings, 600 West Lake Street, PID 34-117-23-22-0003 4. BOARD DIRECTION TO ASSESSOR Chair Love explained the next step in the process was for the assessors to review the cases, meet with the appellants, and provide comparables for discrepant properties. BOARD OF REVIEW MEETING MINUTES April 15, 2002 Page 4of4 ,. Without objection from the Board, Chair Love closed the testimony portion of the Board of Review process, noting it would no longer hear additional appeals before the Board. While concerned property owners could continue to meet and speak with the assessors, changes would be made administratively, rather than as a case heard before the Board of Review. 4. ESTABLISH DATE FOR BOARD TO RECONVENE In cooperation with Mr. Daly and Mr. Kunik, the Board of Review agreed to reconvene on April 22, 2001, at 6:00 P.M. 5. ADJOURN Lizee moved, Turgeon seconded, adjourning the April 15, 2002, Board of Review Meeting, at 7:52 P.M. Motion passed 4/0. RESPECTFULLY SUBMITTED, Sally Keefe, Recording Secretary Woody Love, Chair Craig W. Dawson, City Administrator .. ,'> ,'" ,',- . f:' .: ~ - . Hennepin County Assessor Department A-21 03 Government Center Minneapolis, Minnesota 55487-0231 www.co.hennepin.mn.us April 22, 2002 Local Board of Review City of Shorewood Dear Board Members: As you requested, we have reviewed the 2002 Estimated Market Value on several properties in Shorewood. Those properties are listed below with their original 2002 EMV and a recommendation based on the review appraisal. Original 2002 EMV Recommendation Local Board Action Upper Mtka. Yacht Club 4580 Enchanted pt. 30-117 -23-33-0025 $598,000 No Change 2 Ronald J. Leaf 19790 Near Mountain Blvd. 36-117 -23-44-0093 $380,000 $357,000 3 Richard Keifer Address Unassigned 29-117 -23-44-0030 $100,000 $10,000 4 Kitty Onan 5525 Wedgewood Dr. 33-117 -23-22-0029 $276,000 No Change 5 Stan Morgovsey 23622 Smithtown Rd. 34-117 -23-23-0049 $161,000 $147,000 6 Brett Helgeson 5640 Vine Hill Rd. 36-117 -23-14-0061 $308,000 $287,000 An Equal Opportunity Employer Recycled Paper Local Board of Review April 22, 2002 Page 2 7 Carole Westby $262,000 No Change 27020 62nd. St. W. 32-117 -23-33-0030 8 Peter Rowland $786,000 $653,000 26795 Noble Rd. 32-117-23-21-0027 9 Eric Rousar $371,800 $292,000 5585 Shorewood La. 33-117 -23-11-0056 10 Barbara Beard $515,000 No Change 27185 Noble Rd. 32-117 -23-22-0024 11 Michael Kramer $546,000 $519,000 5425 Timber La. 34-117-23-22-0016 12 Robert Bradee $900,000 $796,000 22695 Murray St. 34-117 -23-44-0057 13 Minnetonka Moorings $1,090,000 No Change 600 W. Lake St 34-117-23-21-0061 Sincerely, William Davy Senior Appraiser Thomas Kunik Appraiser SUBJECT INFORMATION SHEET NAME Upper Minnetonka Yacht Club ADDRESS 4580 Enchanted Pt. PID# 30-117-23-33-0025 PROPERTY TYPE Lakeshore Land SALE PRICE $ STORY HGT. GROSS BLDG. AREA GROUND FLR. AREA GARAGE-ATT. DET. TUCKUNDER CENTRAL AIR SALE DATE BSMT. FINISHING BATH - DELUXE FULL 3/4 1/2 # OF BEDROOMS WALKOUT YEAR BUILT % LOT SIZE 1.37 Acres PORCH - GLAZED SCREENED OPEN DECK # OF FIREPLACES LAKE SHORE 260 Eff Ft. MISe. COMMENTS Will need more information from club on ownership, future building rights. VALUATION 200 1 PAY 2002 LAND 109200 BUILDING TOT AL 109200 ASSESSOR Bill Davy 2002 PAY 2003 598000 RECOMMEND COUNCIL ACTION 598000 598000 598000 DATE April 22, 2002 I SUBJECT INFORMATION SHEET NAME Ronald J. Leaf ADDRESS 19790 Near Mountain Blvd. PID# 36-117-23-44-0093 PROPERTY TYPE Residential SALE PRICE $193,000 STORY HGT. 200 GROSS BLDG. AREA 2240 GROUND FLR. AREA 1176 GARAGE - A TT. 440 DET. TUCKUNDER CENTRAL AIR YES SALE DATE 10/1990 BSMT. FINISHING 80 BATH - DELUXE 1 FULL 1 3/4 1 1/2 1 # OF BEDROOMS 5 WALKOUT YES YEAR BUILT 1991 LOT SIZE .50 Acres PORCH - GLAZED SCREENED OPEN 282 DECK 357 # OF FIREPLACES 1 LAKESHORE NO MISe. COMMENTS Adjustment was made for value of the site. V ALUA TION 2001 PAY 2002 2002 PAY 2003 RECOMMEND COUNCIL ACTION LAND 99000 160000 130000 BUILDING 199000 220000 227000 TOTAL 298000 380000 357000 ASSESSOR Bill Davy DATE April 22, 2002 SUBJECT INFORMATION SHEET NAME Richard H. Keifer ADDRESS Block 6 Manns Addn. To Birch Bluff PID# 29-117-23-44-0030 PROPERTY TYPE Vacant Land SALE PRICE $ STORY HGT. GROSS BLDG. AREA GROUND FLR. AREA GARAGE - ATT. DET. TUCKUNDER CENTRAL AIR SALE DATE BSMT. FINISHING BATH - DELUXE FULL 3/4 1/2 # OF BEDROOMS WALKOUT YEAR BUILT LOT SIZE 2.42 Acres PORCH - GLAZED SCREENED OPEN DECK # OF FIREPLACES LAKESHORE MISe. COMMENTS Land is mostly low and wet. Access to land is currently over others land. V ALUA TION 2001 PAY 2002 2002 PAY 2003 RECOMMEND COUNCIL ACTION LAND 10000 100000 10000 BUILDING TOTAL 10000 100000 10000 ASSESSOR Bill Davy DATE April 22, 2002 SUBJECT INFORMATION SHEET NAME Kitty Onan ADDRESS 5525 Wedgewood Dr. PID# 33-117-23-22-0029 PROPERTY TYPE Residential SALE PRICE $194,250 SALE DATE 12/1994 YEAR BUILT 1978 STORY HGT. 200 BSMT. FINISHING 70% LOT SIZE 1.37 Acres GROSS BLDG. AREA 2768 BATH- DELUXE PORCH - GLAZED GROUND FLR. AREA 1456 FULL 3 SCREENED GARAGE-ATT. 528 3/4 OPEN DET. 1/2 1 DECK 649 TUCKUNDER # OF BEDROOMS 5 # OF FIREPLACES 2 CENTRAL AIR YES WALKOUT YES LAKE SHORE MISe. COMMENTS Deferred maintenance, and functional obsolescence accounted for in final Value. VALUATION 2001 PAY 2002 2002 PAY 2003 RECOMMEND COUNCIL ACTION LAND 58000 69500 69500 BUILDING 202000 230500 206500 TOTAL 260000 300000 276000 ASSESSOR Bill Davy DATE April 22, 2002 SUBJECT INFORMATION SHEET NAME Stanislaw Morgovsky ADDRESS 23622 Smithtown Rd. PID# 34-117-23-23-0049 PROPERTY TYPE Residential Z SALE PRICE $ SALE DATE YEAR BUILT 1981 STORY HGT. 100 BSMT. FINISHING 60 LOT SIZE .54 Acres GROSS BLDG. AREA 1048 BATH - DELUXE PORCH - GLAZED 224 GROUND FLR. AREA 1048 FULL 1 SCREENED GARAGE - ATT. 345 3/4 1 OPEN DET. 864 1/2 DECK 126 TUCKUNDER # OF BEDROOMS 3 # OF FIREPLACES 1 CENTRAL AIR YES WALKOUT YES LAKESHORE NO MISe. COMMENTS Deferred maintenance to structure, site value adjustment for Smithtown Rd. influence. VALUATION 2001 PAY 2002 LAND 18000 BUILDING 103800 TOTAL 121800 ASSESSOR Bill Davy 2002 PAY 2003 52500 108500 161000 RECOMMEND COUNCIL ACTION 44500 102500 147000 DATE April 22, 2002 SUBJECT INFORMATION SHEET NAME Brett Helgeson ADDRESS 5640 Vine Hill Rd. PID# 36-117-23-14-0061 PROPERTY TYPE Residential SALE PRICE $147,055 STORY HGT. 200 GROSS BLDG. AREA 2288 GROUND FLR. AREA 1156 GARAGE - A TT. 704 DET. TUCKUNDER CENTRAL AIR YES SALE DATE 03/1988 BSMT. FINISHING 0 BATH - DELUXE 1 FULL 1 3/4 1/2 1 # OF BEDROOMS WALKOUT YES YEAR BUILT 1988 LOT SIZE .37 Acres PORCH - GLAZED 224 SCREENED OPEN DECK 464 # OF FIREPLACES 1 LAKE SHORE NO MISe. COMMENTS Adjustment was made for basement finish. VALUATION 2001 PAY 2002 LAND 56000 BUILDING 200000 TOTAL 256000 ASSESSOR Bill Davy 2002 PAY 2003 80000 228000 308000 RECOMMEND COUNCIL ACTION 70000 217000 287000 DATE April 22, 2002 SUBJECT INFORMATION SHEET NAME Carol Westby ADDRESS 27020 62nd St. W. PID# 32-117-23-33-0030 PROPERTY TYPE Residential SALE DATE BSMT. FINISHING 30 BATH- DELUXE FULL 1 3/4 1/2 1 # OF BEDROOMS WALKOUT NO YEAR BUILT 1968 LOT SIZE 2.43 Acres PORCH - GLAZED SCREENED OPEN SALE PRICE $ STORY HGT. 200 GROSS BLDG. AREA 1621 GROUND FLR. AREA 853 GARAGE - ATT. 528 DET. TUCKUNDER CENTRAL AIR YES DECK # OF FIREPLACES LAKESHORE NO MISe. COMMENTS Interior was inspected, no change in value. VALUATION 2001 PAY 2002 LAND 74000 BUILDING 116000 TOTAL 190000 ASSESSOR Bill Davy 2002 PAY 2003 135000 127000 262000 RECOMMEND COUNCIL ACTION 135000 127000 262000 DATE April 22, 2002 SUBJECT INFORMATION SHEET NAME P.H.& S.L. Rowland ADDRESS 26795 Noble Rd. PID# 32-117-23-21-0027 PROPERTY TYPE Residential SALE PRICE $453,900 STORY HGT. 200 GROSS BLDG. AREA 4164 SALE DATE 06/1995 BSMT. FINISHING 70% BATH - DELUXE 1 YEAR BUILT 1995 LOT SIZE 1.45 Acres PORCH - GLAZED GROUND FLR. AREA 2384 FULL 2 SCREENED GARAGE-ATT. 784 3/4 1 OPEN 83 DET. 1/2 1 DECK 598 TUCKUNDER # OF BEDROOMS 5 # OF FIREPLACES 1 CENTRAL AIR YES WALKOUT YES LAKE SHORE MISe. COMMENTS After Interior Inspection, A change was made in the overall quality. VALUATION 2001 PAY 2002 2002 PAY 2003 RECOMMEND COUNCIL ACTION LAND 76000 121000 121000 BUILDING 521000 665000 532000 TOTAL 597000 786000 653000 ASSESSOR Bill Davy DATE April 22, 2002 :f SUBJECT INFORMATION SHEET NAME Eric Rousar ADDRESS 5585 Shorewood La. PID# 33-117-23-11-0056 PROPERTY TYPE Dbl. Bungelow SALE DATE 05/1997 BSMT. FINISHING 90 BATH - DELUXE FULL 2 3/4 1/2 2 # OF BEDROOMS 6 WALKOUT YES SALE PRICE $169,900 STORY HGT. 130 S.B. GROSS BLDG. AREA 2076 GROUND FLR. AREA 2076 GARAGE - A TT. 940 DET. TUCKUNDER CENTRAL AIR YES YEAR BUILT 1969 LOT SIZE .93 Acres PORCH - GLAZED 144 SCREENED 72 OPEN 200 DECK 126 # OF FIREPLACES 1 LAKE SHORE NO MISe. COMMENTS After interior inspection, an adjustment for quality of the structure was made VALUATION 2001 PAY 2002 LAND 69200 BUILDING 236500 TOTAL 305700 ASSESSOR Bill Davy 2002 PAY 2003 80000 291800 371800 RECOMMEND COUNCIL ACTION 80000 212000 292000 DATE April 22, 2002 SUBJECT INFORMATION SHEET NAME James & Barbara Beard ADDRESS 27185 Noble Rd. PID# 32-117-23 - 22-0024 PROPERTY TYPE Residential SALE PRICE $439,900 STORY HGT. 200 GROSS BLDG. AREA 3205 GROUND FLR. AREA 1960 GARAGE - A TT. 848 DET. TUCKUNDER CENTRAL AIR YES SALE DATE 07/1998 BSMT. FINISHING 0 BATH - DELUXE 1 FULL 1 3/4 1/2 1 # OF BEDROOMS 4 WALKOUT NO YEAR BUILT 1997 LOT SIZE .47 Acres PORCH - GLAZED 188 SCREENED OPEN 60 DECK 360 # OF FIREPLACES 1 LAKE SHORE MISe. COMMENTS Interior was inspected, no change in final value. VALUATION 2001 PAY 2002 LAND 71000 BUILDING 388500 TOTAL 459500 ASSESSOR Thomas M. Kunik 2002 PAY 2003 121000 394000 515000 RECOMMEND COUNCIL ACTION 100000 415000 515000 DATE April 22, 2002 /0 SUBJECT INFORMATION SHEET NAME Michael F. Kramer ADDRESS 5425 Timber La. PID# 34-117-23-22-0016 PROPERTY TYPE Residential SALE PRICE $165,000 SALE DATE 08/1980 YEAR BUILT 1952 STORY HGT. 100 BSMT. FINISHING 50% LOT SIZE .77 Acres GROSS BLDG. AREA 1440 BATH - DELUXE PORCH - GLAZED 234 GROUND FLR. AREA 1440 FULL 1 SCREENED GARAGE - ATT. 550 3/4 1 OPEN DET. 1/2 1 DECK TUCKUNDER # OF BEDROOMS 3 # OF FIREPLACES 2 CENTRAL AIR YES WALKOUT YES LAKE SHORE 80 Eff. Ft. MISe. COMMENTS Current structure is an under improvement for the site. VALUATION 2001 PAY 2002 LAND 342000 BUILDING 110000 TOTAL 452000 ASSESSOR Thomas M. Kunik 2002 PAY 2003 450000 96000 546000 RECOMMEND COUNCIL ACTION 450000 69000 519000 DATE April 22, 2002 1/ SUBJECT INFORMATION SHEET NAME Robert Bradee ADDRESS 6155 Murray Ct. PID# 34-117-23-44-0057 PROPERTY TYPE Residential SALE PRICE $ SALE DATE YEAR BUILT 1999 STORY HGT. 200 BSMT. FINISHING 90% LOT SIZE 1. 81 Acres GROSS BLDG. AREA 3470 BATH - DELUXE 1 PORCH - GLAZED GROUND FLR. AREA 2164 FULL 1 SCREENED GARAGE-ATT. 889 3/4 3 OPEN 48 DET. 1/2 1 DECK 288 TUCKUNDER # OF BEDROOMS 5 # OF FIREPLACES 3 CENTRAL AIR YES WALKOUT YES LAKE SHORE MISe. COMMENTS Interior inspection, adjustment in quality was made. V ALUA TION 2001 PAY 2002 2002 PAY 2003 RECOMMEND COUNCIL ACTION LAND 140000 186000 186000 BUILDING 541000 714000 610000 TOTAL 681000 900000 796000 ASSESSOR Thomas M. Kunik DATE April 22, 2002