042400 CC BR AgP
. .~. ....
CW..' .
'.. !!I
. s~
.... ie
B6'~
J!!.....i
.1f'J8\O
. .'1'
8" .
it5:(
~Ia
, . =1"5
if
I . .
i
~
-<
~.
~
~
~
~
~
=
~ ~
~ -
o
o ~
C.J
~ <(
~
111I1
u""'-
j ~.j]~~.
~fI); ~
~ 0
~
@ f1}
N ..
~ !
~.~
iE
....
~ f1
.~ iiii;i
u ~
~ -<
,ol!:',j C)
~ Ii4
. ... j:l$
>
~ Z
'+of 0
~ .~ ! ~~
! I" 00
~ ~ ~i ~~
A ~ ~ ,$. ~I
- s g:! ~ ~
~ ':g ~ ;j 0 5
'a:i E ,ol!:',j,g 02: r...l ( ~
.:C <~ C.J= ~
N
. fl'i ~
1
"-''f
BOARD OF REVIEW
CITY OF SHOREWOOD
MONDAY, APRIL 17,2000
5755 COUNTRY CLUB ROAD
COUNCIL CHAMBERS
6:30 P.M.
MINUTES
OR~f{
1. CONVENE BOARD OF REvmw MEETING
Mayor Love called the meeting to order at 6:34 P.M.
A. Roll Call
Present:
Mayor Love; Councilmembers Garfunkel, Lizee, and Stover; Planning Director
Nielsen; Assessors Tom Carroll and Rob Winge
Absent:
Councilmember Zerby
B. Review Agenda
Garfunkel moved, Lizee seconded, approving the agenda as presented. Motion passed 4/0.
2. PRESENTATION BY CITY ASSESSOR
Tom Carroll, City Assessor, provided a brief presentation on the process utilized this year in assessing
property taxes. He noted this year there had been 110 phone calls from concerned city residents. Of
those 110 calls, 33 properties were reviewed, and of those, 27 resulted in reduced taxation.
He explained the first step in the review process is to contact the assessor with concerns and set an
appointment to review the property. He stated the purpose of this meeting is to allow residents to voice
concerns if they believe their assessed valuation is incorrect. He also noted this meeting typically
reconvenes at a later date in an effort to address concerns found this evening.
3. TESTIMONY BY RESIDENTS
Mayor Love noted there was a sign-in sheet by the door and this sheet would be used to establish the
order residents were able to speak before the Board of Review.
Richard Tradewell, 5515 Timber Lane, PID 34-117-23-22-0023, expressed concern about the
increased valuation of approximately 38% on his property over the past year. He attributes this to an
overvaluation of his lot. He stated several reasons why he believes this to be the case.
Mr. Carroll responded that in previous years the lot has actually been undervalued and thus, the sizeable
increase for this year.
Councilmember Stover questioned what happened in the past year to the lot to make such an increase.
Mr. Carroll explained that a rating system had been developed to ensure fairness and noted that even if a
structure could be considered a "teardown," valuation on that structure continues to increase due to
building costs and labor costs utilized in replacement of the structure. He noted Hennepin County sets
#~
BOARD OF REVIEW MEETING - APRIL 17,2000
Page 2 of3
these cost amounts, which were utilized in the rating system this year, and those costs continue to rise
every year due to trends in the marketplace for the building materials and costs of labor.
Mr. Carroll also noted there were no sales on this bay to establish comparable valuation for this year. He
explained he would review this situation and report back at the reconvened session on this matter.
John Bridge, PID 29-117-2344-0007, signed his name into record, but Mr. Carroll noted he was not
currently present as this matter had been remedied.
Mark Stageberg, 21075 Radisson Road, PID 35-117-23-11-0080, expressed concern over what he
believed to be excessive valuation increases for his property. He had met with Mr. Carroll previously,
but still remained dissatisfied with the outcome of their meeting. In particular, he was unhappy with the
comparable properties used in establishing his valuation. He presented several examples stating his belief
that the increased land values in this area were not justified.
Mr. Carroll reported to the Council that the homes in this area were, indeed, at the end of a four-year
review cycle; thus, in part, explaining the large increase.
Mayor Love recommended examining more comparable properties prior to the reconvened meeting as a
way to bring closure to this matter.
Glenn Kessel, 21095 Radisson Road, PID 35-117-23-11-0078, stated he lives next door to Mr.
Stageberg, and noted his concerns related to a significant amount of noise and visual distraction from
Highway 7. He stated his assessed valuation has increased approximately 20% over two years and his
concern about the accuracy of numbers used in calculating valuation related to the square footage of his
home.
Mr. Carroll offered to inspect the property to review this matter, and will report his findings at the next
meeting.
Jean Polston, 28215 Boulder Circle, PID 31-117-23-34-0020, stated she believes she is premature in
speaking at this meeting as she has not met with Mr. Carroll to review the property. A meeting with the
Assessor was arranged in effort to resolve this issue.
Raymond Brockhouse, 25960 Birch Bluff, PID 29-117-23-44-0012, expressed concern over the
valuation of his property and lakeshore footage when compared with anticipated valuation of his next
door neighbor's property and lakeshore.
Rob Winge, also of the City Assessor's office, explained the neighboring home is being sold and the
necessary information needed to provide accurate comparison would not be made available until the
closing figures for that sale become part of public record. Mr. Carroll and Mr. Winge will gather more
specific comparable information and report again at the next meeting.
Lowell Wakefield, Wakefield Trust, 24000 Highway 7, stated his concern to be an anticipated increase
of approximately 45% over the past year. A meeting with the Assessor was arranged to review the
property.
Jeff Fox, 5270 Howard Point Road, PID 30-117-23-44-0009, expressed frustration related to the trend
in increased market values in his area. He believed there to be several inconsistencies in how
calculations were determined related to his property over the past few years.
'"
. .
BOARD OF REVIEW MEETING - APRIL 17,2000
Page 3 of 3
As there were no properties sold in Mr. Fox's immediate area in the past year to be utilized for
comparable information, Mr. Carroll stated he would try to obtain those for review and comparison.
More information will be reported at the next meeting related to this matter.
Tom Simms, 5620 County Road 19, questioned how his undeveloped commercial property increased
approximately 240% over the past year.
Councilmember Stover questioned Mr. Carroll regarding the difficulties in finding comparable
information for undeveloped commercial properties as there are so few remaining within the City.
More comparable information will be obtained and reported on at the next meeting in this matter.
4. COUNCIL DIRECTION TO ASSESSOR
Mayor Love read into record two letters from concerned residents--Robert Fayfleld, 6005 Christmas
Lake Road, PID 35-117-23-43-0001, and Bill Gleason, owner of 60 residential parcels through
Sylvia Development, L.P., 8525 Edinbrook Crossing, Suite 101, Brooklyn Park, Minnesota - and
also asked for comparables for all citizens appealing before this Board.
Mayor Love pointed out the significance of the word "comparable," noting that the real estate industry
prefers the term "similar properties" as it is typically quite difficult to find actual sites that are similar
enough to be adequately compared.
5. ESTABLISH DATE FOR BOARD TO RECONVENE
The Board of Review agreed to reconvene on April 24, 2000, at 6:00 P.M. in an effort to provide timely
service on these matters to the residents concerned at this meeting.
All parties signed in to this meeting will be receiving notification of this meeting by phone and mail.
Mayor Love noted the record will remain open on these and any new forthcoming matters of appeal until
the April 24, 2000 Board of Review Meeting.
6. ADJOURNMENT
Lizee moved, Garfunkel seconded, closing this session of the Board of Review and adjourning at
7:57 P.M. Motion passed 4/0.
RESPECTFULLY SUBMITTED,
Sally Keefe,
Recording Secretary
WOODY LOVE, MAYOR
BRADLEY J. NIELSEN, ACTING CITY ADMINISTRATOR
1 'v
~
Hennepin County
An Equal Opportunity Employer
April 24, 2000
Local Board of Review
City of Shorewood
Dear Board Members:
As you requested, we have reviewed the 2000 Estimated Market Values on several properties in
Shorewood. Those properties are listed below with their original 2000 EMV and a
recommendation based on our review appraisal.
Original
2000 EMV
Local Board
Recommendation Action
Richard Tradewell
5515 Timber Lane
34-117-23-22-0023
$459,600
No Change
John Bridge
25810 Birch Bluff Rd.
29-117-23-44-0007
$510,000
No Change
Glenn Kessel
21095 Radisson Rd.
35-117-23-11-0078
$611,300
No Change
Mark Stageberg
21075 Radisson Rd.
35-117-23-11-0079
$648,500
$628,000
Jean Polston
2R215 Boulder Cir.
31-117-23-34-0020
$730,000
No Change
County Assessor Department
A-2103 Hennepin County Government Center
Minneapolis, Minnesota 55487 -0213
Recycled Paper
7)Is";",JrJufttl ttf ""''-f-oO BDtJ.rtl ,; 'Re.fJi(MJ I'rtu-f,;',
.
Local Board of Review
April 24, 2000
Page 2
Original Local Board
2000 EMV Recommendation Action
Raymon Brockhouse
25960 Birch Bluff Rd.
29-117-23-44-0012 $519,000 No Change
Scott Wakefield
24000 Hwy. 7
34-117-23-33-0024 $800,000 No Change
Jeffrey Fox
5270 Howards Point Rd.
30-117-23-44-0009 $666,200 No Change
Tom Sims
5620 County Rd. 19
33-117-23-13-0012 $155,000 No Change
Fred Johnson
5695 Christmas Lake Pt.
35-117-23-14-0020 $554,700 $501,000
Sylvia Development LP Muti. PID's No Change ~C~~
Robert Fayfield
6005 Christmas Lake Rd.
35-117-23-43-0001 $90,000 No Change
Sincerely,
(lk. t~
Thomas Carroll
Appraiser, C.M.A.
2
~
SUBJECT PHOTO
5515 Timber Lane
Shorewood
34-117-23-22-0023
SALES COMPARISON ADJUSTMENT GRID
5515 Timber Lane 5530 Howards Point Rd. 5325 Elmridge Cir. 28190 Woodside Rd. 25360 Birch Bluff Rd.
Shorewood Shorewood Shorewood Shorewood Shorewood
34-117-23-22-0023 31-117-23-11-0009 29-117-23-34-0010 31-117-23-31-0024 28-117-23-33-0028
1ul-99 1un-99 Mar-99 1ul-99
$578,935 $795,000 $582,500 $570,000
$0.00 #DIV/O! #DIV/O! #DIV/O! $198.40
Rambler Land Onlv Rambler (demo) Land Onlv Two StOry
2,378 2,574
2,378 $92 742 $92,742 $92 742 2,873 ($19,305)
Above A veral!e AV.Ab.Av. ($25,000)
1955 1950
A veral!e Good ($10 000)
7 6
0 3
4 4
I 2 ($3 500)
I I
Full None $20 000
40% Door $5,000
Yes $5,000
I
Hot Wtr. FAlAC ($3 000)
Three Tuck Two Tuck
858 605 $2 000
Average Average
Sc. Porch 00. Porch $4 000
21750 72 500 ($25,000)
Lagoon Cui de Sac
Poor Suoerior ($100 000) Suoerior olus DIU! ($150000) Suoerior olus ($120,000) Superior ($100000)
145 FF 120FF $25,000 120FF $25,000 115FF $30,000 85FF $60,000
$17,742 ($32,258) $2,742 ($89,805)
$596 677 $762.742 $585,242 $480,195
$250.92 $320.75 $246.11 $201.93
Indicated Value As Of January 2, 2000:
$541,000
o
o
o
N
~
Q.
;:,
e
<.?
8
c
!
~
at
....I
CD
.l:
I-
"0
C
at
U
.5
iii
CD
.~
'0
c
'5
~
c
'0
a.
>-
~
..
SUBJECT PHOTOS
21075 Radisson Road
Shorewood
Lake Side
View of Lake
.
SALES COMPARISON ADJUSTMENT GRID
SUBJECT COMPARABLE #1 COMPARABLE ##2 COMP ARABLEi#J OMPAR.ABLE ##4
ADDRESS: 21075 Radisson Rd 5750 Merry Ln 5720 Merry Ln 5630 Christmas Lk Pt 20695 Radisson Rd
CITY: Shorewood Shorewood Shorewood Shorewood Shorewood
PION: 35-117-23-11-0079 35-117-23-13-0042 35-117-23-13-0043 35-117-23-14-0009 36-117-23-22-0015
SALE DATE: Feb-99 Jun-99 Aug-99 Aug-98
< ....
$446,928 $352,725 $962,000 $585,000
\ ........
$0.00 #DIV/O! #DIV/O! $401.50 $264.95
Two StOry None None Rambler Rambler
1.749 2 396 2208
GROSSBLDGA 2480 $336 500 $336,500 2396 $6,300 2,208 $20,400
Excellent Abv AVl!: Exc $15,000 Abv Avg Exc $15,000
1990 1968 1967
CONOlTl Good Good Good
lSTFLRRM 5 6 7
2NDFLRRMs: 2
BED ~J()~S: .....> 2 2 3
BATHS: IDLX: I I 0 $7,500
FULL: I I I
13/4: I I 2 ($3,500)
112-1/4: I ($1,500) 2 ($3,000)
BASEMENT AREA: Full Full Full
FIN. BSMT. AREA: 60% Good 90% Good ($20,000) 80% Good ($15,000)
WALKOUT: \ Yes Yes Yes
\
FIREPLACES: < Two Two Two
HEAT/COOLING: FalAc FalAc Fa/Ac
GARAG~:+~PEi\ Three Car Att Three Car Att Two Car Att $2,500
AREA ..<
DECK: /\ Larl!:e Yes $2,500 None $5 000
.... None Screened ($5 000) Screened ($5,000)
39,800 23 500 33,000
... Avg+ Good ($15,000) Good ($15,000) Excellent ($75,000) Good ($25,000)
\ \ \...<\ 115 Ft 160 Ft + 15% 1($140 000 195Ft $120,000) 125 Ft ($15,000) 85 Ft $45 000
<\ \
< ..
...........
.... ...
NET ADJUS1'lID:NT: >~ $181,500 $201,500 ($92,700) $43,900
ADJSALE I'RICE: $628.428 $554,225 $869,300 $628,900
ADJ. SALE PRICE/
SUBJECTSQ FT: <. $253.40 $223.48 $350.52 $253.59
Indicated Value As Of January 2, 2000
$628,000
$253.23 Per S'l Ft
~
SALES COMPARISON ADJUSTMENT GRID
..... .. ..."Tri.""........
COMPARABLE #1 coMPARABLE #2 COMPARABLE#3 COMPARABLE #4
ADDRESS: .... 25960 Birch BluffRd 25830 Birch BluffRd 25360 BirchBluftRd 26020 Birch BluffRd
<
CITY: <.< Shorewood Shorewood Shorewood Shorewood
PIO#: >> ... <<
..... 29-117-23-44-0012 29-117-23-44-0008 28-117-23-33-0028 29-117-23-43-0003
SALEDA > Mav-98 Mav-99 Jul-98
$402,000 $570,000 $560,000
..<>,>. $0.00 $329.24 $198.40 $190.87
Exoansion Rambler Two StOry Exoansion
1,691 1,221 2,574 1,941
2259 1,221 $31,140 2,873 ($18,420) 2,934 ($20,250)
Avg Abv Avg Similar Similar Abv A Vrl ($10000)
1972 1948 1950 1900
Average Similar Similar A verarle
i ......
...... 5 4 6 5
i< .'
2ND "'..... n..",,,, , <..... 2 0 3 3
BED >.
3 2 4 4
BATHS: IDLX: I 1 0 $7,000 0 $7,000
FULL: 1 ($5,000) 2 ($10,000) 1 ($5,000)
13/4: 1 0 $3 500 1 0 $3,500
1I2~ 1/4: 1 ($2,500)
BASEMENT AREA: Full 80% $2,000 None $10,000 50% $5,000
FIN. BSMT. AREA: 50% Poor 90% AVrl ($5,000) None $5,000 None $5,000
WALKOUT: None Yes ($3,000) None Yes ($3,000)
/
FIREPLACES: .. Two One $3,000 One $3,000 One $3,000
HEAT/COOLING: / Fa/Ac Fa/Ac Fa/Ac Fa/Ac
GA Three Car Au Two Car Au Two Car Tuck Two Car Det
AR
Large Average Size $2,000 None $4,000 Large
None None None Glazed ($10 000)
29,710 16408 37.602 26,136
1/.
Good Good Good Avg+ $50,000
98 Ft 60 Ft $95,000 85 Ft $32,500 100 Ft ($5,000)
Steeo Steen F airlv Steen ($35 000) Level ($50,000)
BI - $123,640 ($1,920) ($32,250) $0
>/ $525,640 $568,080 $527,750 $0
J.S.)
SUBJE ~/ $232.69 $251.47 $233.62 $0.00
Indicated Value As Of January 2, 2000:
$525,000
$232.40 Per Sq Ft
Q,
::J
e
(!)
~
c
e
~
Q)
(:.
"C
C
tIS
o
.5
SUBJECT PHOTOS
5270 Howards Point Road
Shorewood
Front View
Rear View of Subject
SUBJECT PHOTO
5270 Howards Point Road
Shorewood
View of Lake
SALES COMPARISON ADJUSTMENT GRID
270 Howards Point Ro 5530 Howards Point Rd. 5325 Elmridge Cir. 26890 Edgewood Road 5570 Woodside Lane
Shorewood Shorewood Shorewood Shorewood Shorewood
30-117-23-44-0009 31-117-23-11-0009 29-117-23-34-0010 29-117-23-33-0001 31-117-23-12-0017
Jul-99 Jun-99 Jun-99 Aug-99
$578,935 $795,000 $885,000 $910,000
$0.00 #DIV/O! $506.37 $228.03 $288.52
Rambler Land Onlv $130000 Rambler (Tear Down) Two StOry Two StOry
1980 1570 2457 2,629
1980 1570 3881 ($57 030) 3154 ($35 220)
Above A veral!:e Above A veral!:e Ab. Av Exe ($25.000) Ab. Av. Exe. ($25,000)
1955 1976 1955 1968
Good Good Good Good
6 5 5 6
0 0 4 2
3 1 4 4
1 I 1
1 2 1 1
1 1 1 2 ($3 500)
I ($3 000) 1 ($3,000)
Full Full Full Full
80% Good 80% Good 90% A veral!:e $10 000 90% Average $10 000
yes Yes Yes Yes
2 2 4 ($6.000) 3 ($3 000)
hot water/AC FalAc FalAc FalAc
Two TTk Three Att Two Att/Work ($40,000) Two Att ($2,000)
599 822 1336 816
Larl!:e Larl!:e Larue Averal!:e
NO GI norch Sc. PoriOn Por ($10000) c. Por/Oo Po ($10 000)
27 878 48 787 ($10 000) 38 760 ($5 000) 43 560 ($10 000) 52 272 ($15000)
Excellent Inferior ($40,000) Similar SI. Inferior ($20,000) SI. Inferior ($20,000)
Howard's Point Lal!:oon Cui de sac
Demo after sale
160ff 120ff $27,000 120FF $27,000 105ff $90,000 105ff $90,000
$107,000 $22,000 ($71,030) ($16,720)
$685935 $817000 $813 970 $893 280
$346.43 $412.63 $411.10 $451.15
Indicated Value As Of January 2, 2000:
$750,000
$378.79 Per Sq Ft
o
o
o
N
Q:
0-
j
e
Cl
~
c:
l!!
;:
j
cP
.c
.....
-0
c:
lG
U
.E
<Ii
cP
'61
o
<5
c:
-5
~
c
'0
0..
>-
~
Land Sales Comparison/Adjustment Grid
SIMS' SITE
Address: 25680 HWY #7 46XX CO RD 924301 CO RD 92 HWY7/STEINE 5620 CO RD 19
SHOREWOOD ST BONI ST BONI ST BONI SHOREWOOD
Visablity: Good Fair Good Good Average
Access: Good Fair Good Good Fair
Zonin : C-cond. use B-2 B-2 C/R
Utilities: All Public All Public All Public All Public All Public
Total Land Area (Sq. Ft.): 443,000 124,580 608,425 138,343 252,900
Useable Land Area (Sq. Ft.): 293,000 44,000 608,425 138,343 200,000
Sale Date: Apr-99 Jun-96 Nov-96 Oct-99 Jun-92
Sale Price: $390,000 $50,000 $625,000 $276,686 $49,500
Cash Equivalent: $390,000 $50,000 $616,362 $276,686 $49,500
Demolition Costs: $1,000 $0 $6,600 $0 $0
Cost of Soil Corrections: $0 $0 $0 $0 $0
Total Cost: $391,000 $50,000 $622,962 $276,686
Per Useable Sq. Ft.: $1.33 $1.14 $1.02 $2.00
Annual Time Adjust. - 5.0%: 3.78% 17.78% 15.68% 1.18%
Adjusted Sale Price: $405,783 $58,890 $720,673 $279,946
Per Useable Sq. Ft.: $1.38 $1.34 $1.18 $2.02
Visibilit: 0.95 1.00 0.95 0.95
Access: 0.95 1.00 0.95 0.95
Location Adjustment: 0.95 1.07 1.07 1.05
Hard Covera e Ad.ustment: 1.00 1.00 1.00 1.00
Zonin Adjustment: 1.00 1.05 1.00 1.00
Size Adjustment: 1.05 0.95 1.05 0.95
Total Adjustment % 0.90 1.07 1.05 0.90
VALUE PER SQUARE FOOT, USEABLE:
ESTIMATED VALUE OF SUBJECT PROPERTY:
$
$1.25
250,000
ESTIMATED VALUE:
PER SQ FT USEABLE $
1.25
TOTAL $
250,000
(49)
v
;.
(45)
8:
-]
---J
TI~~
;;;
o
~
~
,.,
(75)
---j -~~
8:
-! (70)
100---
"'
~
PART
lOT :!
(74:
TRACT A
~
~
~
(76)
JP
~
~--
239.
12
,
,
,
,
: (10)
:-72.-'-,-,
~~~\Q) i~
l~ (9) ::ri
: ,~
, '
: :
'n ,e5:1"3.\ 6
(7)
25
, ZOO
( "3~)-'66-T--\oO
~:
-,
,
,
,
(7.
lOQ
~WN~
1
f (41)
A@/iP1tIl ~
a5
\,~".T
~"..A1
465.1' ~T"~''-
[E~~
47
%@
'"
R: -----~~
'"
~~~
~
LOT '"
~1 ~7.2
!ii
I
84/28/2888 89:48
6124746514
PAGE 82
..
.
Z II II
_II Calft!8ni.SI Inc.
9201 Medicint Lake Road #106 · Golden Valley, MN 55427
Tdephone 612-593-1322 · Fax 612-593-1433
/:t/51/1$1
-r;; ~ j;';,~
w/~ tc-1r EN/l;."e"~ /p'rv ;1 A'/~'4.f'E +y"(,;I_~ av Mv: S" /~/ '"
a//d,~ y~ iPnf~'f,z:;'t 5~~ ~~ttJ '-'" ~ /1.r.rw'Z~ 1'4-,-7"" I',{
tu~r ~;vd ";--,,,1 .1'}I?JV/Y) MhrJt: #oJ~7 fiNe/' "'In.'f- ~.s AJ~/4J~C~
/'SSt..Ie' .,,~ /Xc.lf /.MJ'llf'>~~ J'/.,r J:t ;:r /h?I.,1n:;v"~T CO.rtf tp'.:::-,..'/'/
l~ j}QI//MA. ~ d'1'r&..~ /h~ e;<I4>Yft'~-<'/ ~.//I ~Te~ JPrv/.,c:k
tvt HA"~ ~ (~ /Iy~>>.....d.l ~Ar;/~/"r:1~/ {;;{""... h?/J'L4;:- .~,.,/ Q~
j",rc-r;r f3.'1,cr-V;t/~.t' t:,,~'7...'07';"',; h; t? 4_ t4~..
tile fMv..c' (OIlVC/v<l~" 7lt-r ~ /M/?/""'.-'e;~r- ~$7",. t'~';// b~
-:5'/" 'PtJ(:/~N C-Kt::., <-<: &JF OP/l ~~/~/ 4~"";~'1pl''''J ~ ~P;7V)o~1'
rt; tv,.//cI YIP LG-G 1'4 t/d~L C'P r~"'t' ~/~.,;, O{~ 7zJ,-<-,I#(#
{)~/6 -4J an 1')~,,/,r:src/;t:;J( /h. >,& J{;" ~~..PP.:1 P.t-" ~ 6't'J'~t";'7'-
$"'o/"t rt5e r:r b~c'.N tt. ?[/4/P1i! ;fV'A ,]~.t7 d,.'9"<e': /"rIZ' ?'.s-OeJ ~V~?
tf"'- /$~ ()I)p ;'$,<: tPv..'J )r'l','r:..../ ~ t:I~~ /frt./ ft (tc.crlJ,P" e~ 1-~"~7
5.4..",/4'1(1 t:e.--t!''' ~ ?L &; ~ / e:-./h#~n:dh jp pso. ~.:10 ~-i I- ~
~V'r d~ C"" -:t~JC ~"'r//./ 1# i/,IJ/h7 ~ h.;.r~~ ~/I(.,{ i':?P-?~:e
/fI ~ 1/~.ooo"1 V'''I'?t!'~': //~';./c""~4'1 f;( 4H",.~" Jirr jZ ;D/'~r
!t/()J/cIIY4N' A d'J"~H $'~ r~ ,Ar//-p/ /iZ C'7 Wd..../~ c,.~.("r~~
'flIx /IL-C;,,~/- .r;A4~7 ~ ~~.t rI.c. ,r"ri:- ~~/:;{~Ii" ~P/1If
0"4 e~/Hh!c/,I"" .h:;"/
~ ".--c:j. yt'U;f.
v:~ 0rc#h?~
/', .t"
/t..,~ C;",-6t~r .t:Jr /lJ6"'Y/~ M,I- /,pr/ ~",,~/-'d' .ff/.r~.:7f'~
/1; Y'r;t'6A&"&: vb /~'t:'/ 04>,,;6.1 U9/ /AAq/ e;(f'fr:r>~~ cP.u"c/y:./"."-''id-. ,jdC~Go$ y"vt~~
.Tr- A/~e-~J y'vv,," M/47f<'1" ~{ t:P",It-,; PyftvlI.lbMi'T.:'ll P('/'7 /';'?I'!p /?/'T~J?t
..
.~
~Memo
..
Ra:l
To:
Shorewood Local Board of Review
Tom Carroll
April 24, 2000
Review of Pill # 35-117-23-43-0001
From:
Date:
Re:
The subject consists of 5.83 acres of woods and wetland. I inspected this property on
04/13/2000, and I estimate that this property is approximately 50% wetland. According to the
City of Shorewood , and after my inspection of the site it appears that a driveway could be
built on this property. I have already considered this in my 2000 EMV by a $50,000
correction.
Although building ordinance has not changed since 1975, the demand for land has increased
dramatically. Continual loss of buildable sites has also caused increased pressure on
'"marginal" building sites.
Review of the court decision, file number M 691185, case number 90518, from November 17,
1975 does not appear to classify this site as unbuildable, but rather that '"It is not probable that
one would want the property for residential purposes."
Therefore, after reviewing the 1975 court decision and recent sales, and taking into
consideration current market conditions and trends, it is my opinion that the January 2, 2000
Estimated Market Value is correct at $90,000,