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041502 CC BR AgP BOARD OF REVIEW CITY OF SHOREWOOD MONDAY, APRIL 15,2002 5755 COUNTRY CLUB ROAD COUNCIL CHAMBERS 7:00 P.M. AGENDA 1. CONVENE BOARD OF REVIEW MEETING A. Roll Call Chair Love Garfunkel Lizee Zerby _ Turgeon _ B. Review Agenda 2. PRESENTATION BY HENNEPIN COUNTY ASSESSOR 3. TESTIMONY BY RESIDENTS 4. BOARD DIRECTION TO ASSESSOR 5. ESTABLISH DATE FOR BOARD TO RECONVENE 6. ADJOURN .~ ~Memo ~ To: Shorewood Mayor and Council From: Bill Davy Date: March 15, 2002 Re: 2002 Assessment Local Board of Review The 2002 Shorewood Local Board of Review has been scheduled for Monday, April 15 th. As preparation for the upcoming Local Board of Review, please find the enclosed data to help you. A chart listing the amount of assessment growth for Lake Minnetonka communities, an assessment fact sheet, and a book of sales with photos and characteristics from a sample of sales throughout the city. Summary of the 2002 Assessment Each year estimated market values are analyzed along with data from the market. Adjustments, as appropriate for each type of property are made. The results of those adjustments for the 2002 assessment are as fellows: . Residential Lakeshore + 11.3 % . Residential Off Lake + 15.1 % There are 3,053 parcels in the city with a total market value of approximately $1,065,078,400. This value includes $16,735,000 in new construction improvements. The overall value increase for the City of Shorewood is 16.1 % . Prior to the meeting if you should have any questions or concerns, please feel free to call me at, 612348-6833. 2002 ASSESSMENT GROWTH RESIDENTIAL PROPERTIES DEEPHAVEN 10.4% 7.5% EXCELSIOR 8.1% 16.6% GREENWOOD 13.7% 22.2% MINNETONKA BEACH 15.3% 20.0% MINNETRIST A 12.1% 17.2% MOUND 13.7% 18.1% ORONO 11.1% 13.5% SHOREWOOD 15.1% 11.3% SPRING PARK 10.5% 10.4% TONKA BAY 13.3% 24.3% WAYZATA 12.9% 12.7% WOODLAND 24.8% 18.2% ASSESS~IENT FACT SHEET UPDATED2i02 Tne purpose of this local board meeting is to review the Estimated Market Value and Classification for the 2002 Assessment, which will be reflected in taxes payable for 2003. Any questions regarding the taxes payable in 2002 cannot be addressed at this meeting because they are based on the assessment made in 2001. This Board has no authority to act on the 2002 taxes as per MN statute, Sec. 274.01. While we realize the}.lIN Property Tax system is rather complicated and, at times, difficult to understand, it is hoped that the following information will help you when trying to communicate your questions and concerns with regards to your property's market value. State law requires that the value and classification of real estate be established as of January 2nd of each year. Market values are based on sales of properties within your market area. The MN Department of Revenue requires the overall level of assessment to be between 90% and 105% of market value. If the overall level of assessment is not at least 90%, the state may impose an aggregate increase on all properties within a city or classification. If sales indicated the market values have changed, the assessor must follow the trend indicated, whether it is to increase or decrease property values. Mass appraisal is the method used by assessors to estimate the market value of properties. Each property is physically viewed every four years. In addition, all new construction, alterations, or improvements will be appraised annually. COMMONLY ASKED QUESTIONS AT BOARD OF REVIEW MEETINGS 1. IS IT ILLEGAL FOR THE ASSESSOR TO INCREASE illY VALUE SO MUCH IN ONE YEAR? No. The assessor must value property at market value each year. Property values change continuously with changing economic conditions. There -is no limit as to the amount of increase or decrease in property values in a glVen year. 2. WHEN WILL THE VALUE INCREASES STOP? This is impossible to predict. Our values are dictated by the market. If sale prices are increasing, our estimated market values will increase. If sale prices are falling, then our estimated market values must follow that trend. 3. WHAT DOES THE ASSESSOR LOOK AT TO DETERMINE A PROPERTY'S MARKET VALUE? Each property is viewed to gather information on all characteristics that affect its market value such as location, size, age, quality of construction, amenities (i.e. walkout basements, fireplaces, and extra baths), and site characteristics. 4. AS A HOj~JESTEADING RESIDENT WILL I BE TAXED OFF il'fY PROPERTY, ESPECIALLY IF I All'f ON A LIll'fITED INCOME? Homesteading residents are eligible for property tax breaks in Minnesota by use of the Homestead Classification. This decreases the property taxes on most residences. In addition to the Homestead Classification, residents of Minnesota are eligible to apply for the Regular Property Tax Refund or the Special Property Tax Refund. Both of these must be applied for using the M - IPR form issued by the State ofMN. The Regular Refund is based on income so check the requirements stated on the form. You may qualify for the Special Refund if your property taxes increased by more than 12% from 2001 to 2002 and the increase was $100 or more. There are specific guidelines for each refund, whi~h are included with the instructions for the M - 1PR. .:mlf~~:::: KiM ;jj~ ADDRESS: PID#: 4960 . SUBURBAN DR (26) 25.117.23.23.0020 Sale Date: 06/2001 Sale Price: $130,000 2002 EMV: $124,000 Sale Date: Sale Price: Style and Story Height: R100 Age: 1930 Ground Floor Area: 1,096 Sq.Ft. Gross Bldg. Area: 1,096 Sq.Ft. Finished Bsmt. Area: 30% Bsmt. Finish Quality - 1 (Low) to 7 (High): 1 Fireplaces: 1 Central Air Conditioning: No Baths - Deluxe: 0 Full: 1 3/4: 1 1/2: 0 Porches - Glazed: 0 Screened: 0 Open: 0 Deck: 200 Garage #1: 220 Type: Tuckunder Garage #2: 0 Type: Lot Size: 28,239 Sq.Ft. 0.65 Acres Lake/Bay/Rating: 0.0.0 Effective Frontage 0 Comments: ~::~:". ::::::::::-;.:-: ;:::::::-;.::::::: ... ADDRESS: 25040 - SM ITHTOWN RD PID#: (26) 33-117-23-24-0003 Sale Date: 08/2001 Sale Price: $148,000 2002 EMV: $138,000 Sale Date: 12/1992 Sale Price: $66,000 Style and Story Height: R100 Age: 1915 Ground Floor Area: 728 Sq.Ft. Gross Bldg. Area: 728 Sq.Ft. Finished Bsmt. Area: 00% Bsmt. Finish Quality - 1 (Low) to 7(High): Fireplaces: 1 Central Air Conditioning: No Baths - Deluxe: 0 Full: 1 3/4: 0 1/2: 0 Porches - Glazed: 0 Screened: 0 Open: 0 Deck: 0 Garage #1: 990 Type: Detached Garage #2: 0 Type: Lot Size: 42,807 Sq.Ft. 0.98 Acres Lake/Bay/Rating: 0-0-0 Effective Frontage 0 Comments: ADDRESS 5795 - ECHO RD PID # (26)33-117-23-41-0017 Sale Date: OS/2001 Sale Price 192,900 2002 EMV: 179,000 Sale Date 12/1998 Sale Price 146,900 Style and Story Height R100 Age 1956 Ground Floor Area 1104sq.ft. Gross Bldg Area 1104 sq.ft Fireplaces Baths- Deluxe: 0 Porches: Glazed Open Garage#1 Garage#L 2 Full: 1 70% Finish Quality Ave Central Air Conditioning Yes Finished Bsmt Area 3/4: 1 o o 1/2: 0 Screened Deck 216 o 264 o Type Attached Type Lot Size: 19,500 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.45 acres Effective Frontage o ADDRESS 6110 - CLUB VALLEY RD PID # (26)33-117 -23-43-0010 Sale Date: 09/2001 Sale Price 200,000 2002 EMV: 184,000 Sale Date Sale Price Style and Story Height R100 Age 1958 Ground Floor Area 1360 sq.ft. Gross Bldg Area 1360 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 00% Finish Quality Central Air Conditioning Yes 3/4: 0 230 o 1/2: 1 Screened Deck o o Garage#1 Garage#~ 506 o Type Attached Type Lot Size: 26,572 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.61 acres Effective Frontage o ADDRESS 27000 - BEVERLY DR PID # (26)32-117-23-33-0007 Sale Date: 08/2001 Sale Price 212,000 2002 EMV: 198,000 Sale Date 06/1998 Sale Price 143,000 Style and Story Height R100 Age 1965 Ground Floor Area 1350 sq.ft. Gross Bldg Area 1350 sq.ft Fireplaces Baths- Deluxe: 0 Porches: Glazed Open Garage#1 Garage#~ 1 Full: 1 30% Finish Quality Good Central Air Conditioning Yes Finished Bsmt Area 3/4: 1 o o 1/2: 0 Screened Deck o 572 572 o Type Detached Type Lot Size: 40,099 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.92 acres Effective Frontage o ADDRESS 22845 - MURRAY ST PID # (26)34-117-23-43-0009 Sale Date: 12/2000 Sale Price 245,000 2002 EMV: 230,000 Sale Date Sale Price Style and Story Height R100 Age 1964 Ground Floor Area 1720sq.ft. Gross Bldg Area 1720 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 0 Full: 2 Porches: Glazed Open 80% Finish Quality Ave Central Air Conditioning Yes 3/4: 1 o o 1/2: 0 Screened Deck o 100 Garage#1 Garage#L 528 o Type Attached Type Lot Size: 43,560 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 1.00 acres Effective Frontage o ADDRESS 5250 - SPRING CIR PID # (26)25-117 -23-34-0032 Sale Date: 10/2000 Sale Price 250,000 2002 EMV: 228,000 Sale Date Sale Price Style and Story Height H100 Age 1994 Ground Floor Area 1608 sq.ft. Gross Bldg Area 1608 sq.ft Finished Bsmt Area 00% Finish Quality Fireplaces 1 Central Air Conditioning Yes Baths- Deluxe: 1 Full: 1 3/4: 0 1/2: 0 Porches: Glazed 0 Screened Open 99 Deck Garage#1 462 Type Attached Garage#2 0 Type Lot Size: o sq.ft. 0.00 acres Lake/Bay/Rating 0-0-0 Effective Frontage o o o Comments: Townhouse ADDRESS 19780 - WATERFORD CT PID # (26)25-117 -23-43-0016 Sale Date: 07/2001 Sale Price 293,000 2002 EMV: 282,000 Sale Date Sale Price Style and Story Height T100 Age 1995 Ground Floor Area 1725sq.ft. Gross Bldg Area 1725 sq.ft Finished Bsmt Area Fireplaces 0 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 60% Finish Quality Ave Central Air Conditioning Yes 3/4: 0 o 32 1/2: 1 Screened Deck 144 174 Garage#1 Garage#~ 484 Type Attached o Type Lot Size: 7,250 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: Townhouse 0.17 acres Effective Frontage o ADDRESS 5485 - GIDEONS LA PID # (26)33-117 -23-12-0064 Sale Date: 08/2001 Sale Price 305,000 2002 EMV: 282,000 Sale Date Sale Price Style and Story Height T100 Age 2000 Ground Floor Area 1582sq.ft. Gross Bldg Area 1582 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 0 Porches: Glazed Open 80% Finish Quality Ave Central Air Conditioning Yes 3/4: 1 o o 1/2: 1 Screened Deck o o Garage#1 Garage#L 400 o Type Attached Type Lot Size: 0 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: Townhouse 0.00 acres Effective Frontage o ADDRESS 5610 - VINE HILL RD PID # (26)36-117 -23-14-0064 Sale Date: 06/2001 Sale Price 330,000 2002 EMV: 318,000 Sale Date Sale Price Style and Story Height 0100 Age 1988 Ground Floor Area 1624sq.ft. Gross Bldg Area 1624 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 2 Porches: Glazed Open 70% Finish Quality Poor Central Air Conditioning Yes 3/4: 0 o o 1/2: 0 Screened Deck o 294 Garage#1 Garage#2 748 o Type Attached Type Lot Size: 49,506 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 1.14 acres Effective Frontage o ADDRESS 5910 - MINNETONKA DR PID # (26)34-117 -23-32-0030 Sale Date: 02/2001 Sale Price 345,000 2002 EMV: 337,000 Sale Date Sale Price Style and Story Height R100 Age 1946 Ground Floor Area 2163 sq.ft. Gross Bldg Area 2163 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 80% Finish Quality Poor Central Air Conditioning Yes 3/4: 1 o 42 1/2: 1 Screened Deck o 144 Garage#1 Garage#::: 904 o Type Attached Type Lot Size: 71,438 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 1.64 acres Effective Frontage o ADDRESS 5580 - OLD MARKET RD PID # (26)36-117-23-12-0055 Sale Date: 06/2001 Sale Price 435,000 2002 EMV: 410,000 Sale Date 06/1997 Sale Price 289,900 Style and Story Height R100 Age 1988 Ground Floor Area 2023sq.ft. Gross Bldg Area 2023 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 70% Finish Quality Central Air Conditioning Yes 3/4: 0 196 78 1/2: 1 Screened Deck o 328 Garage#1 Garage#~ 528 o Type Attached Type Lot Size: 26,500 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.61 acres Effective Frontage o ADDRESS 5555 - SYLVAN LA PID # (26)32-117 -23-12-0016 Sale Date: OS/2001 Sale Price 485,000 2002 EMV: 447,000 Sale Date Sale Price Style and Story Height R100 Age 1993 Ground Floor Area 1937 sq.ft. Gross Bldg Area 1937 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 2 Porches: Glazed Open 80% Finish Quality Central Air Conditioning Yes 3/4: 0 o 104 1/2: 1 Screened Deck 210 720 Garage#1 Garage#L 680 Type Attached o Type Lot Size: 56,628 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 1.30 acres Effective Frontage o ADDRESS 5480 - COVINGTON RD PID # (26)36-117-23-21-0004 Sale Date: 06/2001 Sale Price 875,000 2002 EMV: 837,000 Sale Date Sale Price Style and Story Height R100 Age 1991 Ground Floor Area 2370 sq.ft. Gross Bldg Area 2370 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 0 Porches: Glazed Open 40% Finish Quality Central Air Conditioning Yes 3/4: 2 o 27 1/2: 0 Screened Deck o o Garage#1 Garage#2 888 Type Attached o Type Lot Size: 51,400 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 1.18acres Effective Frontage o ADDRESS 5905 - GRANT ST PID # (26)34-117 -23-42-0062 Sale Date: 03/2001 Sale Price 150,000 2002 EMV: 145,000 Sale Date 04/1993 Sale Price 89,000 Style and Story Height 5130 Age 1981 Ground Floor Area 816sq.ft. Gross Bldg Area 816 sq.ft Finished Bsmt Area Fireplaces 0 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 50% Finish Quality Good Central Air Conditioning Yes 3/4: 0 o o 1/2: 0 Screened Deck o 252 Garage#1 Garage#~ 260 o Type Tuckunder Type Lot Size: 10,890 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.25 acres Effective Frontage o ADDRESS 5740 - MINNETONKA DR PID # (26)34-117 -23-23-0026 Sale Date: 08/2001 Sale Price 219,900 2002 EMV: 204,000 Sale Date 10/1991 Sale Price 106,500 Style and Story Height 5130 Age 1964 Ground Floor Area 1040sq.ft. Gross Bldg Area 1040 sq.ft Finished Bsmt Area Fireplaces 0 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 60% Finish Quality Poor Central Air Conditioning Yes 3/4: 1 o 160 1/2: 0 Screened Deck o 648 Garage#1 484 Garage#L 864 Lot Size: 22,641 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: Type Attached Type Detached 0.52 acres Effective Frontage o ADDRESS 5910 - HILLENDALE RD PID # (26)35-117-23-31-0031 Sale Date: 07/2001 Sale Price 176,500 2002 EMV: 165,000 Sale Date 04/1994 Sale Price 106,000 Style and Story Height L 140 Age 1965 Ground Floor Area 988 sq.ft. Gross Bldg Area 988 sq.ft Finished Bsmt Area Fireplaces Baths- Deluxe: 0 Porches: Glazed Open Garage#1 Garage#2 80% Finish Quality Ave 2 Central Air Conditioning Yes Full: 1 3/4: 1 1/2: 0 0 Screened 0 0 Deck 0 484 Type Attached o Type Lot Size: 19,300 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.44 acres Effective Frontage o ADDRESS 6175 - CHURCH RD PID # (26)32-117-23-34-0054 Sale Date: 08/2001 Sale Price 209,900 2002 EMV: 200,000 Sale Date Sale Price Style and Story Height L 140 Age 1989 Ground Floor Area 1278sq.ft. Gross Bldg Area 1278 sq.ft Finished Bsmt Area Fireplaces Baths- Deluxe: 0 Porches: Glazed Open Garage#1 Garage#::i 50% Finish Quality Poor 1 Central Air Conditioning Yes Full: 2 3/4: 0 1/2: 0 0 Screened 0 0 Deck 0 528 o Type Attached Type Lot Size: 15,000 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.34 acres Effective Frontage o ADDRESS 5710 - CHRISTOPHER RD PID # (26)33-117-23-13-0020 Sale Date: 07/2001 Sale Price 250,000 2002 EMV: 232,000 Sale Date Sale Price Style and Story Height L140 Age 1988 Ground Floor Area 1215sq.ft. Gross Bldg Area 1215 sq.ft Finished Bsmt Area 50% Finish Quality Fireplaces 1 Central Air Conditioning Yes Baths- Deluxe: 0 Full: 1 3/4: 1 1/2: 0 Porches: Glazed 0 Screened 0 Open 72 Deck 536 Garage#1 528 Type Attached Garage#L 0 Type Lot Size: o sq.ft. 0.00 acres Lake/Bay/Rating o - 0 - 0 Effective Frontage 0 Comments: ADDRESS 20025 - VINE ST PID # (26)25-117-23-31-0027 Sale Date: OS/2001 Sale Price 358,000 2002 EMV: 334,000 Sale Date 07/1997 Sale Price 227,000 Style and Story Height L 140 Age 1965 Ground Floor Area 1710 sq.ft. Gross Bldg Area 1710 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 0 Full: 3 Porches: Glazed Open 50% Finish Quality Central Air Conditioning Yes 3/4: 0 o o 1/2: 0 Screened Deck o 466 Garage#1 Garage#L 998 Type Detached o Type Lot Size: 29,450 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.68 acres Effective Frontage o ADDRESS 5830 - DIVISION ST PID # (26)35-117 -23-31-0041 Sale Date: 12/2000 Sale Price 185,000 2002 EMV: 188,000 Sale Date Sale Price Style and Story Height E150 Age 1987 Ground Floor Area 870 sq.ft. Gross Bldg Area 1305 sq.ft Finished Bsmt Area Fireplaces 0 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 80% Finish Quality Poor Central Air Conditioning Yes 3/4: 1 o o 1/2: 0 Screened Deck 296 445 Garage#1 Garage#L 576 Type Attached o Type Lot Size: 23,805 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.55 acres Effective Frontage o ADDRESS 23975 - YELLOWSTONE TR PID # (26)34-117 -23-32-0004 Sale Date: 03/2001 Sale Price 208,977 2002 EMV: 196,000 Sale Date Sale Price Style and Story Height 0175 Age 1920 Ground Floor Area 672 sq.ft. Gross Bldg Area 1176sq.ft Finished Bsmt Area Fireplaces 1 50% Finish Quality Ave Central Air Conditioning Yes Baths- Deluxe: 0 Porches: Glazed Open Garage#1 Garage#2 Full: 1 3/4: 1 280 o 1/2: 0 Screened Deck o o 650 o Type Detached Type Lot Size: 39,000 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.90 acres Effective Frontage o ADDRESS 22435 - MURRAY ST PID # (26)34-117 -23-44-0025 Sale Date: 06/2001 Sale Price 264,900 2002 EMV: 241 ,000 Sale Date Sale Price Style and Story Height E150 Age 1925 Ground Floor Area 1263sq.ft. Gross Bldg Area 1870 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 00% Finish Quality Central Air Conditioning No 3/4: 1 136 o 1/2: 0 Screened Deck o 144 Garage#1 Garage#L 576 Type Detached o Type Lot Size: 35,719 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.82 acres Effective Frontage o .:.:.:..... :.'. ADDRESS: PID#: Sale Date: 5385 . ST ALBANS BAY RD (26) 25.117.23.34.0022 07/2001 Sale Price: $320,000 2002 EMV: $295,000 Sale Date: 11/1995 Sale Price: $178,000 E175 Age: 1947 Style and Story Height: Ground Floor Area: 936 Sq.Ft. Gross Bldg. Area: 1,593 Sq.Ft. Finished Bsmt. Area: Fireplaces: 2 50% Bsmt. Finish Quality - 1 (Low) to 7(High): 3 Central Air Conditioning: Yes Baths - Deluxe: 0 Porches - Glazed: Open: Garage #1: 704 Garage #2: 0 Lot Size: Screened: Deck: 1/2: 1 o 308 Full: 180 52 1 3/4: 1 Lake/Bay/Rating: Type: Attached Type: 28,515 Sq.Ft. 0.65 Acres o . 0 . 0 Effective Frontage 0 Comments: ADDRESS 25110 - GLEN RD PID # (26)33-117 -23-21-0022 Sale Date: 11/2000 Sale Price 342,250 2002 EMV: 323,000 Sale Date Sale Price Style and Story Height 0175 Age 1970 Ground Floor Area 1642sq.ft. Gross Bldg Area 2324 sq.ft Finished Bsmt Area Fireplaces 1 30% Finish Quality Good Central Air Conditioning No Baths- Deluxe: 0 Porches: Glazed Open Garage#1 Garage#~ Full: 2 3/4: 0 o o 1/2: 2 Screened Deck 140 o 765 o Type Attached Type Lot Size: 34,300 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.79 acres Effective Frontage o ADDRESS 6185 - APPLE RD PID # (26)35-117 -23-34-0016 Sale Date: 01/2001 Sale Price 465,000 2002 EMV: 441 ,000 Sale Date Sale Price Style and Story Height E150 Age 1915 Ground Floor Area 2240 sq.ft. Gross Bldg Area 2721 sq.ft Finished Bsmt Area 00% Finish Quality Fireplaces 1 Central Air Conditioning Yes Baths- Deluxe: 0 Full: 1 3/4: 0 1/2: 1 Porches: Glazed 0 Screened Open 184 Deck 100 118 Garage#1 Garage#:;: 616 o Type Attached Type Lot Size: 215,900 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 4.96 acres Effective Frontage o ADDRESS 6070 - APPLE RD PID # (26}35-117 -23-34-0003 Sale Date: 01/2001 Sale Price 155,000 2002 EMV: 150,000 Sale Date Sale Price Style and Story Height 0200 Age 1915 Ground Floor Area 1097 sq.ft. Gross Bldg Area 1625 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open Garage#1 Garage#L 00% Finish Quality Central Air Conditioning No 3/4: 1 o o 1/2: 1 Screened Deck 154 117 o o Type Type Lot Size: 39,150 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.90 acres Effective Frontage o ADDRESS 5755 - SMITHTOWN CIR PID # (26}32-117 -23-13-0033 Sale Date: 11/2001 Sale Price 224,900 2002 EMV: 215,000 Sale Date Sale Price Style and Story Height 0200 Age 1989 Ground Floor Area 1189 sq.ft. Gross Bldg Area 1721 sq.ft Finished Bsmt Area Fireplaces 0 Baths- Deluxe: 0 Full: 2 Porches: Glazed Open 00% Finish Quality Central Air Conditioning Yes 3/4: 0 o 56 1/2: 1 Screened Deck o o Garage#1 Garage#L 624 Type Attached o Type Lot Size: 27,999 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.64 acres Effective Frontage o ADDRESS 6125 - MCKINLEY CIR PID # (26)36-117 -23-44-0071 Sale Date: 08/2001 Sale Price 270,000 2002 EMV: 259,000 Sale Date Sale Price Style and Story Height 0200 Age 1988 Ground Floor Area 1140sq.ft. Gross Bldg Area 1920 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 00% Finish Quality Central Air Conditioning Yes 3/4: 1 o 48 1/2: 1 Screened Deck o 224 Garage#1 Garage#L 440 Type Attached o Type Lot Size: 13,000 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.30 acres Effective Frontage o ADDRESS 4965 - SUBURBAN DR PID # (26)25-117 -23-23-0014 Sale Date: 06/2001 Sale Price 305,000 2002 EMV: 291,000 Sale Date Sale Price Style and Story Height X200 Age 1960 Ground Floor Area 2080 sq.ft. Gross Bldg Area 3460 sq.ft Finished Bsmt Area Fireplaces 3 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 00% Finish Quality Central Air Conditioning No 3/4: 2 o 184 1/2: 0 Screened Deck o 144 Garage#1 Garage#L 690 Type Attached o Type Lot Size: 65,575 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 1.51 acres Effective Frontage o ADDRESS 19420 - ELBERT PT PID # (26)36-117 -23-41-0048 Sale Date: 08/2001 Sale Price 324,900 2002 EMV: 308,000 Sale Date Sale Price Style and Story Height X200 Age 1989 Ground Floor Area 1100 sq.ft. Gross Bldg Area 2108 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 60% Finish Quality Ave Central Air Conditioning Yes 3/4: 1 o 65 1/2: 2 Screened Deck 182 o Garage#1 Garage#L 484 Type Attached o Type Lot Size: 10,270 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.24 acres Effective Frontage o ADDRESS 26050 - SHOREWOOD OAKS DR PID # (26)32-117-23-44-0017 Sale Date: 08/2001 Sale Price 390,000 2002 EMV: 364,000 Sale Date Sale Price Style and Story Height 0200 Age 1988 Ground Floor Area 1484sq.ft. Gross Bldg Area 2495 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 00% Finish Quality Central Air Conditioning Yes 3/4: 0 o 110 1/2: 1 Screened Deck o 144 Garage#1 Garage#~ 484 Type Attached o Type Lot Size: 48,533 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 1.11 acres Effective Frontage o ADDRESS 20600 - GARDEN RD PID # (26)25-117-23-22-0006 Sale Date: 01/2001 Sale Price 400,000 2002 EMV: 377,000 Sale Date Sale Price Style and Story Height 0200 Age 1986 Ground Floor Area 1316sq.ft. Gross Bldg Area 2140 sq.ft Finished Bsmt Area Fireplaces 2 50% Finish Quality Central Air Conditioning Yes Baths- Deluxe: 1 Porches: Glazed Open Full: 1 3/4: 0 224 o 1/2: 1 Screened Deck o 336 Garage#1 588 Garage#~ 0 Lot Size: 91,476 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: Type Attached Type 2.10 acres Effective Frontage o ADDRESS 5755 - BRENTRIDGE DR PID # (26)31-117 -23-14-0028 Sale Date: 02/2001 Sale Price 420,000 2002 EMV: 399,000 Sale Date Sale Price Style and Story Height 0200 Age 1992 Ground Floor Area 1330 sq.ft. Gross Bldg Area 2404 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 2 Porches: Glazed Open 60% Finish Quality Central Air Conditioning Yes 3/4: 0 o o 1/2: 1 Screened Deck 168 282 Garage#1 Garage#2 850 Type Attached o Type Lot Size: 29,600 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.68 acres Effective Frontage o ADDRESS 26110 - OAK LEAF TR PID # (26)32-117 -23-43-0036 Sale Date: 11/2001 Sale Price 440,000 2002 EMV: 412,000 Sale Date 03/1996 Sale Price 320,000 Style and Story Height 0200 Age 1991 Ground Floor Area 1611 sq.ft. Gross Bldg Area 2573 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 80% Finish Quality Central Air Conditioning Yes 3/4: 1 o 36 1/2: 1 Screened Deck o o Garage#1 Garage#2 746 Type Attached o Type Lot Size: 20,000 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.46 acres Effective Frontage o ADDRESS 19710 - CHARTWELL HILL PID # (26)36-117 -23-13-0026 Sale Date: 10/2001 Sale Price 535,000 2002 EMV: 502,000 Sale Date Sale Price Style and Story Height X200 Age 1988 Ground Floor Area 1520sq.ft. Gross Bldg Area 2638 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 70% Finish Quality Central Air Conditioning Yes 3/4: 0 280 o 1/2: 2 Screened Deck o 266 Garage#1 Garage#~ 710 Type Attached o Type Lot Size: 23,600 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.54 acres Effective Frontage o ADDRESS 5905 - SWEETWATER CIR PID # (26)36-117-23-41-0015 Sale Date: 06/2001 Sale Price 575,000 2002 EMV: 566,000 Sale Date Sale Price Style and Story Height X200 Age 1990 Ground Floor Area 1509sq.ft. Gross Bldg Area 2810 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 70% Finish Quality Central Air Conditioning Yes 3/4: 1 144 o 1/2: 1 Screened Deck o 412 Garage#1 Garage#2 792 o Type Attached Type Lot Size: 22,912 sq.ft. Lake/Bay/Rating O. 0 . 0 Comments: 0.53 acres Effective Frontage o ADDRESS 19860 - MUIRFIELD CIR PID # (26)36-117 -23-12-0051 Sale Date: 09/2001 Sale Price 635,000 2002 EMV: 593,000 Sale Date Sale Price Style and Story Height 0200 Age 1991 Ground Floor Area 1733sq.ft. Gross Bldg Area 3163 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 70% Finish Quality Central Air Conditioning Yes 3/4: 1 o 50 1/2: 1 Screened Deck 168 868 Garage#1 Garage#2 768 Type Attached o Type Lot Size: 16,800 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.39 acres Effective Frontage o ADDRESS 19435 - MUIRFIELD CIR PID # (26)36-117 -23-12-0024 Sale Date: 11/2001 Sale Price 635,000 2002 EMV: 628,000 Sale Date 09/1996 Sale Price 465,000 Style and Story Height 0200 Age 1992 Ground Floor Area 2000 sq.ft. Gross Bldg Area 3658 sq.ft Finished Bsmt Area Fireplaces 3 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open Garage#1 Garage#~ 50% Finish Quality Central Air Conditioning Yes 3/4: 2 o 45 1/2: 0 Screened Deck o 232 904 Type Attached o Type Lot Size: 18,780 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.43 acres Effective Frontage o ADDRESS 26605 - NOBLE RD PID # (26)32-117 -23-21-0031 Sale Date: 06/2001 Sale Price 640,000 2002 EMV: 604,000 Sale Date Sale Price Style and Story Height 0200 Age 1994 Ground Floor Area 2126sq.ft. Gross Bldg Area 3468 sq.ft Finished Bsmt Area Fireplaces 2 50% Finish Quality Central Air Conditioning Yes Baths- Deluxe: 1 Porches: Glazed Open Full: 2 3/4: 1 224 o 1/2: 1 Screened Deck o 320 Garage#1 822 Garage#~ 0 Lot Size: 58,806 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: Type Attached Type 1.35 acres Effective Frontage o ADDRESS 27585 - BRYNMAWR PL PID # (26)31-117 -23-14-0035 Sale Date: 06/2001 Sale Price 649,900 2002 EMV: 594,000 Sale Date Sale Price Style and Story Height X200 Age 1994 Ground Floor Area 2075 sq.ft. Gross Bldg Area 3096 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 00% Finish Quality Central Air Conditioning Yes 3/4: 0 120 64 1/2: 1 Screened Deck o 372 Garage#1 Garage#~ 938 o Type Attached Type Lot Size: 40,300 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.93 acres Effective Frontage o ADDRESS 19520 - MUIRFIELD CIR PID # (26)36-117 -23-12-0045 Sale Date: 10/2001 Sale Price 660,000 2002 EMV: 650,000 Sale Date 07/1998 Sale Price 529,000 Style and Story Height 0200 Age 1986 Ground Floor Area 1864sq.ft. Gross Bldg Area 3480 sq.ft Finished Bsmt Area Fireplaces 3 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 60% Finish Quality Central Air Conditioning Yes 3/4: 1 208 o 1/2: 2 Screened Deck o 573 Garage#1 Garage#2 908 Type Attached o Type Lot Size: 24,200 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.56 acres Effective Frontage o ADDRESS 6115 - SWEETWATER CT PID # (26)36-117 -23-43-0037 Sale Date: 07/2001 Sale Price 686,000 2002 EMV: 626,000 Sale Date 09/1993 Sale Price 405,000 Style and Story Height X200 Age 1990 Ground Floor Area 2068 sq.ft. Gross Bldg Area 3416 sq.ft Finished Bsmt Area Fireplaces 3 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 70% Finish Quality Central Air Conditioning Yes 3/4: 1 o o 1/2: 1 Screened Deck o 374 Garage#1 Garage#L 792 o Type Attached Type Lot Size: 17,866 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: 0.41 acres Effective Frontage o ADDRESS: 19795 - MUIRFIELD CIR PID #: (26) 36-117-23-12-0036 Sale Date: 11/2000 Sale Price: $712,500 2002 EMV: $664,000 Sale Date: 10/1991 Sale Price: $525,000 Style and Story Height: 0200 Age: 1988 Ground Floor Area: 2,209 Sq.Ft. Gross Bldg. Area: 4,105 Sq.Ft. Finished Bsmt. Area: 20% Bsmt. Finish Quality - 1 (Low) to 7(High): 5 Fireplaces: 2 Central Air Conditioning: Yes Baths - Deluxe: 1 Full: 1 3/4: 1 1/2: 3 Porches - Glazed: 221 Screened: 0 Open: 0 Deck: 336 Garage #1: 806 Type: Attached Garage #2: 0 Type: Lot Size: 26,000 Sq.Ft. 0.60 Acres Lake/Bay/Rating: Comments: o - 0 - 0 Effective Frontage 0 ADDRESS 19805 - WATERFORD PL PID # (26)36-117 -23-12-0006 Sale Date: 07/2001 Sale Price 725,000 2002 EMV: 691,000 Sale Date Sale Price Style and Story Height 0200 Age 1988 Ground Floor Area 2138 sq.ft. Gross Bldg Area 3664 sq.ft Finished Bsmt Area Fireplaces 3 70% Finish Quality Central Air Conditioning Yes Baths- Deluxe: 1 Porches: Glazed Open Full: 1 3/4: 1 o 143 1/2: 2 Screened Deck o 652 Garage#1 816 Garage#~ 0 Lot Size: 25,865 sq.ft. Lake/Bay/Rating 0 - 0 - 0 Comments: Type Attached Type 0.59 acres Effective Frontage o ADDRESS: PID#: Sale Date: 20145. SWEETWATER CUR (26) 36.117.23.34.0014 12/2000 Sale Price: $729,000 2002 EMV: $688,000 Sale Date: 03/1998 Sale Price: $545,000 Style and Story Height: X200 Age: 1991 Ground Floor Area: Finished Bsmt. Area: 1,662 Sq.Ft. Gross Bldg. Area: 2,980 Sq.Ft. 80% Bsmt. Finish Quality - 1 (Low) to 7(High): 5 Fireplaces: 2 Central Air Conditioning: Yes Baths - Deluxe: 1 Full: 1 3/4: 1 1/2: 1 Porches - Glazed: 0 Screened: 0 Open: 60 Deck: 196 Garage #1: 1,160 Type: Attached Garage #2: 0 Type: Lot Size: 30,000 Sq.Ft. 0.69 Acres Lake/Bay/Rating: o . 0 . 0 Effective Frontage 0 Comments: Wooded Site. Backs up to Pond ADDRESS 20960 - IVY LA PID # (26)26-117 -23-14-0023 Sale Date: OS/2001 Sale Price 212,000 2002 EMV: 219,000 Sale Date Sale Price Style and Story Height R100 Age 1953 Ground Floor Area 1092 sq.ft. Gross Bldg Area 1092 sq.ft Fireplaces Baths- Deluxe: 0 Porches: Glazed Open Garage#1 Garage#L o Full: 1 70% Finish Quality Poor Central Air Conditioning Yes Finished Bsmt Area 3/4: 1 o o 1/2: 0 Screened Deck o 264 456 Type Attached o Type Lot Size: 12,197 sq.ft. Lake/Bay/Rating 42. 0 - 6 Comments: Lake William 0.28 acres Effective Frontage o ADDRESS 6175 - RIDGE RD PID # (26)36-117 -23-33-0012 Sale Date: 03/2001 Sale Price 725,000 2002 EMV: 669,000 Sale Date Sale Price Style and Story Height R100 Age 1994 Ground Floor Area 1411 sq.ft. Gross Bldg Area 1411 sq.ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 0 Porches: Glazed Open 90% Finish Quality Central Air Conditioning Yes 3/4: 2 216 o 1/2: 1 Screened Deck o 669 Garage#1 Garage#~ 714 o Type Attached Type Lot Size: 70,700 sq.ft. Lake/Bay/Rating 16 - 1 - 2 Comments: Silver Lake 1.62 acres Effective Frontage o ADDRESS 5655 - CHRISTMAS lAKE PT PID # (26)35-117-23-14-0019 Sale Date: 11/2000 Sale Price 800,000 2002 EMV: 842,000 Sale Date Sale Price Style and Story Height R100 Age 1963 Ground Floor Area 2450 sq.ft. Gross Bldg Area 2450 sq. ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 60% Finish Quality Ave Central Air Conditioning Yes 3/4: 2 o 84 1/2: 0 Screened Deck o 240 Garage#1 Garage#L 550 Type Tuckunder o Type Lot Size: 43,427 sq.ft. 1.00 acres Lake/Bay/Rating 2 - 6 - 1 Effective Frontage 190 Comments: Christmas lake - lakeshore ADDRESS 25880 - BIRCH BLUFF RD PID # (26)29-117-23-44-0010 Sale Date: 04/2001 Sale Price 750,000 2002 EMV: 734,000 Sale Date Sale Price Style and Story Height 5140 Age 1971 Ground Floor Area 2445 sq.ft. Gross Bldg Area 2445 sq. ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 0 Full: 2 Porches: Glazed Open 00% Finish Quality Central Air Conditioning Yes 3/4: 0 o 98 1/2: 0 Screened Deck o 266 Garage#1 Garage#L 576 o Type Tuckunder Type Lot Size: 31,654 sq.ft. 0.73 acres Lake/Bay/Rating 1 - 28 - 1 Effective Frontage 88 Comments: lake Minnetonka - lakeshore on Upper lake ADDRESS 4465 - HIGHLAND CIR PI D # (26)30-117 -23-32-0004 Sale Date: 04/2001 Sale Price 475,000 2002 EMV: 484,000 Sale Date Sale Price Style and Story Height 0175 Age 1973 Ground Floor Area 1049 sq.ft. Gross Bldg Area 2034 sq.ft Finished Bsmt Area 80% Finish Quality Poor Fireplaces 3 Central Air Conditioning No Baths- Deluxe: 0 Full: 1 3/4: 3 1/2: 1 Porches: Glazed 0 Screened Open 32 Deck o 467 Garage#1 Garage#L 660 Type Attached o Type Lot Size: 155,004 sq.ft. 3.56 acres Lake/Bay/Rating 1 - 50 - 1 Effective Frontage 80 Comments: lake Minnetonka lakeshore- Phelps Bay ADDRESS 4530 - ENCHANTED DR PID # (26)30-117 -23-32-0019 Sale Date: 04/2001 Sale Price 388,000 2002 EMV: 377,000 Sale Date Sale Price Style and Story Height 0200 Age 1990 Ground Floor Area 1342 sq.ft. Gross Bldg Area 2450 sq. ft Finished Bsmt Area Fireplaces 1 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 40% Finish Quality Poor Central Air Conditioning Yes 3/4: 1 144 o 1/2: 1 Screened Deck o 124 Garage#1 Garage#:2 576 Type Attached o Type Lot Size: 25,000 sq.ft. 0.57 acres Lake/Bay/Rating 1 - 50 - 70 Effective Frontage 105 Comments: Lake Minnetonka - Deeded Access ADDRESS: 28140. BOULDER BRIDGE DR PID #: (26) 31.117.23.42.0005 Sale Date: 10/2001 Sale Price: $772,500 2002 EMV: $681,000 Sale Date: 09/2000 Sale Price: $599,000 Style and Story Height: 0200 Age: 1984 Ground Floor Area: Finished Bsmt. Area: 1,770 Sq.Ft. Gross Bldg. Area: 2,778 Sq.Ft. 80% Bsmt. Finish Quality - 1 (Low) to 7(High): 4 Fireplaces: 4 Central Air Conditioning: Yes Baths - Deluxe: 1 Full: 1 3/4: 1 1/2: 1 Porches - Glazed: 0 Screened: 0 Open: 0 Deck: 384 Garage #1: 816 Type: Attached Garage #2: 0 Type: Lot Size: 57,994 Sq.Ft. 1.33 Acres Lake/Bay/Rating: 1 . 70. 1 Effective Frontage 0 Comments: lake Minnetonka. Dock Rights ADDRESS 20645 - RADISSON RD PID # (26)36-117 -23-22-0026 Sale Date: 10/2000 Sale Price 875,000 2002 EMV: 788,000 Sale Date 07/1994 Sale Price 325,000 Style and Story Height X200 Age 1960 Ground Floor Area 2889 sq.ft. Gross Bldg Area 4725 sq.ft Fireplaces Baths- Deluxe: 1 Porches: Glazed Open Garage#1 Garage#2 2 Full: 1 00% Finish Quality Central Air Conditioning Yes Finished Bsmt Area 3/4: 1 o 55 1/2: 1 Screened Deck o 257 572 o Type Attached Type Lot Size: 16,170 sq.ft. 0.37 acres Lake/Bay/Rating 2 - 6 - 1 Effective Frontage 70 Comments: Christmas Lake - Lakeshore ADDRESS 5570 - SHORE RD PID # (26)36-117 -23-22-0001 Sale Date: 08/2001 Sale Price 945,000 2002 EMV: 816,000 Sale Date Sale Price Style and Story Height X200 Age 1989 Ground Floor Area 1576sq.ft. Gross Bldg Area 3138 sq.ft Finished Bsmt Area Fireplaces 2 Baths- Deluxe: 0 Full: 1 Porches: Glazed Open 00% Finish Quality Central Air Conditioning Yes 3/4: 1 o o 1/2: 1 Screened Deck o 810 Garage#1 Garage#~ 484 Type Attached o Type Lot Size: 9,235 sq.ft. 0.21 acres Lake/Bay/Rating 2 - 6 - 1 Effective Frontage 105 Comments: Christmas Lake Lakeshore ADDRESS 19930 - SWEETWATER CUR PID # (26)36-117 -23-34-0007 Sale Date: 06/2001 Sale Price 1,075,000 2002 EMV: 992,000 Sale Date Sale Price Style and Story Height X200 Age 1990 Ground Floor Area 2676sq.ft. Gross Bldg Area 4785 sq.ft Finished Bsmt Area Fireplaces 4 Baths- Deluxe: 1 Full: 1 Porches: Glazed Open 60% Finish Quality Central Air Conditioning Yes 3/4: 2 210 50 1/2: 2 Screened Deck o 504 Garage#1 Garage#2 912 o Type Attached Type Lot Size: 40,000 sq.ft. Lake/Bay/Rating 16 - 1 - 1 Comments: Silver lake 0.92 acres Effective Frontage o MINNETONKA MOORINGS April 11, 2002 Board of Appeal and Equalization 5755 Country Club Road Shorewood, MN 55331 Re: 34-117-23-22-0003 Dear Persons, We are unable to attend the Board of Appeal and Equalization meeting scheduled for April 15, 2002 at the Shorewood City Hall for health reasons. We do wish to be heard however, for the following hardships. We believe that our Real Estate taxes are based on 100% occupancy. In the year 2001 we had 26 non-revenue vroducing slivs. Our fees average out at $ 176/foot, with a typical length of26 feet; multiply by 26 open slips totals $118,976.00 of revenue we did not collect. Our total potential capacity is 117 slips. With 26 open slips, plus twelve (customers who have not renewed their contracts). We are looking for 38 new customers for the year 2002. Because the City of Shorewood ostensibly limits our use to sailboats only, they have over regulated our Business. If the use identified were for boats in general (sailboats have power), these slips would have been income producing. We are hopeful that you, the Board of Appeal and Equalization, will see the hardship our family owned business is suffering with the current tax structure imposed upon us. As soon as we are able to travel, we will begin our journey back to Minnesota for the spring launch. At that time we will be able to attend any scheduled hearings with notice from you on the specifics. Very truly yours, ;;;:: L;t: ~--/ John H. & Judith L. Cross, Owners JJC/jal /With Tax Statement Enclosure . . NORTH OFFICE cc: Mayor & CIty CBWifW!t M~f~ . SHOREWOOD . MINNESOTA 55331 phone: 612-474.0600 fax: 612-474.9755 SOUTH OFFICE 1585 TARPON CENTER DRIVE. SUITE 28 . VENICE. FLORIDA 34285 phone: 941 -485.6700 fax: 941.486.9119 COUNTY ASSE SS DR 5755 CGUNTRY CLUB HD SHOREWaOD MN 55331 PRESORTED FIRST-CLASS MAIL U.S. POSTAGE PAID MPLS, MN. PERMIT NO. 3273 HENNEPIN COUNTY REAL ESTATE VALUATION NOTICE 2002. VALUEFGR TAXES PAYABLE IN20Q3 ... SEE REVERSE SIDE FOR ADDITIONAL INFORMATION ... SHOR EWUO D PROPERTY 10 34-117-23 21 n062 Please read the back of this notice. PROPERTY CLASSIFICATION 2001 fOR 2002 TAXES COM LAND PREFERRED NONHOMESTEAD Step 1: Inquiries concerning the Valuation Notice should be directed to your assessor at the number listed below: 2002 FOR 2003 fAXES COM LAND NON PREF NONHOMESTEAD ESTIMATED MARKET VALUE LI~ITED MARKET VALUE VALUE EXCLUSION FOR CERTAIN IMPROVEMENTS MARKET VALUE FOR TAXATION NEW IMPROVEMENT VALUE 952-249""'4640 2001 VALUE 2002 VALUE ( 2 002 'fAX E S) ( 2003 T A XES) Step 2: Local Board of ADDeal and Equalization: The date and times are listed below: 50,,000 APR 15. 2002 AT 1:~~ ~M 50yOOO AT SHOREWOOD CITY HALL 50,,000 50,,000 o 50.0ilO o o 50,,000 o Step 3: HenneDin County Board of Appeal and Eaualization: Information about appearing before the Hennepin County Board is on the back of this notice. You must call for an appointment. MINNETONKA MOORINGS INC 600 W LAKE ST EXCELSIOR MN 55331~1755 COUNTY ASSESSOR 5755 COUNTRY CLUB RoD SHOREWOOD MN 55331 'B-(:iX'\~\? \ ss.:-~.:-:!.\ LlIIII!,II"II'I,l!'I"III,,11 I." I. 1,11,1,1.11. 1111. '1,1,1,1 PRESORTED FIRST-CLASS MAIL U.S. POSTAGE PAID MPLS. MN. PERMIT NO. 3273 HENNEPIN COUNTY REAL ESTATE VALUATION NOTICE . . 200ZVALUEFOR TAXES PAYABLE. IN 20tH ... SEE REVERSE SIDE FOR ADDITIONAL INFORMATION ... SHOREWOO[} PROPERTY ID 34-117-23 22 0002 Please read the back of this notice. PROPERTY CLASSIFICATION 2001 FOR 2002 TAXES COM LAND PREFERRED NONHOMESTEAD Step 1: 2002 FOR 2003 TAXES COM LAND NDNPREf NONHOMESTEAD ESTIMATED MARKET VALUE LIMITED MARKET VALUE VALUE EXCLUSION FOR CERTAIN IMPROVEMENTS MA RKET V ALUE FOR TAXA T ION NEW IMPROVEMENT VALUE Inquiries concerning the Valuation Notice should be directed to your assessor at the number listed below: 952--249-4640 2001 VALUE 2002 VALUE (2 D02 TA'X ES) (2 003 TAXES) Step 2: Local Board of Appeal and Equalization: The date and times are Iiste,d below: 175.,000 175,,000 216.,000 APR 15",2002 AT 7:00 PM 216.,000 AT SHORE WOOD CITY HALL o 175.,000 [) o Sttlp 3: 216.,000 o ' Hennepin County Board of Appeal and Equalization: Information about appearing before the Hennepin County Board is on the back of this notice. You must call for an appointment. MINNETONKA MODRINGS INC 600 W LAKE 3T F)(f1=1 '~rrJH foIl\! C;'lT~1-17,)'l COUNTY ASSE:~SUK 5755 COUNTRY CLUB KG SHOREWOOD MN 55331 (1102) PRESORTED FIRST -CLASS MAIL U,S. POSTAGE PAID MPLS, MN, PERMIT NO. 3273 HENNEPIN COUNTY REAL ESTATE VALUATION NOTICE 2OflZ" V AUJE fUR TAXES PAYABLE) IN <ZOO 3 ... SEE REVERSE SIDE FOR ADDITIONAL INFORMATION -. SHOREWOOO PROPERTY 10 34-117-23 22 0003 Please read the back of this notice. PROPERTY CLASSIFICATION '001 FDR 2002 TAXES lAND-RESIDENTIAL NONHOi"lESfEAiJ Step 1: Inquiries concerning the Valuation Notice should be directed to your assessor at the number listed below: 002 fOR 200~ TAXES COM lAND PREFERRED NONHOMESTEAD ~SlIMATEO MARKET VALUE .1 MITED MARKET VALUE IALUE EXCLUSION fOR CERTAIN IMPROVEMENTS ~ARKET VALUE FOR TAXATION iEW IMPROVEMENT VALUE 952-249-4640 2001 VALUE 2D02 VALUE {Z002 TAXES) (2003 TAXES) Step 2: Local Board of Acpeal and Equalization: The date and times are listed below: 25,000 10,,600 50'tODO APR 15, 2002 AT 7:00 PM 50.,000 AT SHOREWOOD CITY HALL D 10.600 o o 50,,000 o Step 3: Hennepin County Board of Apceal and Eaualization: Information about appearing before the Hennepin County Board is on the back of this notice. You must call for an appointment. MINNETONKA HOORINGS INC 600 W LAKE ST EXCELSIOR MN 55331-1755 COUNTY ASSESSOR 5755 COUNTRY CLUB RO SHOREWQOD MN 55331 7 (1/02) H HENNEPIN COUNTY REAL ESTATE VALUATION NOTICE " , 2002 VALUE FORTAXE$. PAYABLE'IN2003 ... SEE REVERSE SIDE FOR ADDITIONAL INFORMAnON ...' , MUNICIPALITY SHORf~mDO "B-\::)X'\\-\,:.o \ SS':"~-:-~ \ I.I!IIII!IIIIIIII,II""II",IIIII,I,III'II,I,II'IIII,'I!I,I,I PRESORTED FIRST-CLASS MAIL U.S. POSTAGE PAID MPLS. MN. PERMIT NO. 3273 PROPERTY 10 34~117-23 210061 Please read the back of this notice. PROPERT~ CLASSIFICATION 2001 FOR 2002 TAXES COM-PREFERRED f\WNHOM EST fAD Step 1: Inquiries concerning the Valuation Notice should be directed to your assessor at the number listed below: NONHOMESIEAO 2002 FOR 2003, TAXES COft-PREFERRED ESTIMATED MARKET VALUE LIMITED MARKET VALUE VALUE EXCLUSION FOR CERTAIN IMPROVEMENTS MARKET VALUE FOR TAXATION NEW IMPROVEMENT VALUE 952-249-4640 2001 VALUE 2002 VALUE (2002 T AX'E"S) (2003 TAXES) Step 2: Local Board of Appeal and Equalization: The date and times are listed below: 755.000 755..000 774,000 APR 15.. 2002 AT ]=00 PM 714,000 AT SHOREWOQD CITY HALL o 755.,000 o o 774.,ODO 30.,000 Step 3: Hennepin County Board of Appeal and Equalization: Information about appearing before the Hennepin County Board is on the back of this notice. You must call for an appointment. MINNETONKA MOORINGS [Nt 600 W LAKE Sf EXCELSIOR MN 55331-1755 Q ~ o~ ~ O~('l~ ~~ooo ~~~z o~.n~ =~~z ooo=~ ~Q~OO O~~u <<~ ~o ~ ~~ ~ u ~ ~ .d ..... = ..... 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" .......................... . ..................,.............................. ..........................,..................... ....................,......,..................... ..............................,...,...,......... .............................."....,."......... .............................".,.".,.......... ~. ......,.....,.."....",.................,....... .............,........,.,,,.........,...,....... ................................................. ....:;;.""..::li:I:i;i:i!i'is... T<ii;"o;:ioi;i:T(............... :~~~:~;~;~~~~. ..:~*~~~;;~:~rfr~; .......... .................... ................. ............ ........ .................................... .............................................. . ................................................ ibjjiijtliirMeIiW:))i:i::m ::::~:t~Ui.;::$Ai.i}:iii:ifr~:~::: 5525 Wedgewood Dr. Shorewood 33-117 -23-22-0029 1,456 2,768 Averal!e 1978 Fair 4 4 4 o 3 o Full 1,000 S. F. Yes Two GFAlCA 2-ATT. 528 S.F. 649 S.F. None 32,760 S.F. Swimming Pool 4675 Fatima PI. Shorewood 26-117-23-11-0011 Aug-01 $269,900 $172.13 2-Story 800 1,568 $36,000 A veral!e 1959 $8,000 Good ($40,000) 3 4 4 o 1 o $6,000 Full 400 S. F. $6,000 $5,000 $3,000 $2,000 No One GFA 2-ATT. 576 S.F. None $4,000 None 25,875 S.F. $5 000 Superior ($5,000) ($5,000 $25,000 $294,900 $106.54 Indicated Value As Of January 2,2002: 1$285,000 Shorewood 23585 Yellowstone Tr. 34-117-23-31-0072 $245,000 $113.37 2-Story 1,084 2,161 Averal!e 1969 A veral!e 4 4 4 o 1 o Partial None No One HW 2-ATT. 576 S.F. 144 s.t: 115o.p. 35,903 S.F. Similar $39,210 $284,210 $102.68 Jun-OO 4965 Suburban Dr. Shorewood 25-117-23-0014 Jun-Ot $305,000 $88.15 2-Story 2,080 $18,210 3,460 ($20,760) A veral!e $4,000 1960 $8,000 ($20,000) A veral!e ($20,000) 5 5 5 o $6,000 ($2,500) $1,500 $5,000 $15,000 $5,000 $3,000 $2,000 2 o $6,000 ($5,000) $1,500 $10,000 $15,000 $5,000 ($3,000) $2,000 None None No Three HW 2-ATT. 690 S.F. $3,000 144 s.f. $3,000 ($1,000) 184 O.p. ($2,000) $0 65,575 S.F. ($20,000) Superior ($5,000) ($25,260) $279,740 $101.06 $102.96 Per Sq Ft ~- .. COMPARABLE SALES Subiect Comparable #1 5525 Wedgewood Shorewood 4675 Fatima PI. Shorewood Comparable #2 Comparable #3 23585 Yellowstone Tr. 4965 Suburban Dr. Shorewood Shorewood