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HomeMy WebLinkAbout9A Assessor's Residential Properties ReportFollow up report for the 2009 Prior Lake Board of Equalization Residential Properties Report Summary of recommendations ....................................................2 Appeal 1: James Space ..............................................................3 Appeal 2: David Haspell .............................................................7 Appeal 3: Robert Peterson ..........................................................9 Appeal 4: Jeff Mader ..................................................................11 Appeal 5: Frank Muelken .........................................................13 Appeal 6: Mary Lindstrom .........................................................15 Appeal 7: Treva James ..............................................................17 Appeal 8: Gerard Hughes ..........................................................19 Appeal 9: Harold Roberts ...........................................................21 Appeal 10: Roger Ferguson .........................................................23 Appeal 11: Dean Sutliff ..............................................................25 Appea112: James Mickley ...........................................................27 Appeal 13: Michael Pherson ........................................................29 Appeal 14: Pat Spielman ............................................................31 Appeal 15: Michael Wright ..........................................................33 Appeal 16: Dan Devos ................................................................35 Appeal 17: Judy Faust ..............................................................37 Appea118: John Moehring .........................................................39 Appea119: Char Jasan ..............................................................41 Appea120: Joel Culpepper .........................................................45 Appea121: Wayne Baumgart ......................................................47 Appea122: Elmer Clark from Brad Rixmann ..................................49 Appea123: John Bossardt from Brad Rixmann ...............................52 Appea124: Mary Rixmann from Brad Rixmann ..............................54 Appea125: Brad Rixmann ..........................................................56 Appeal 26: Vickey Kent from Jay Townsend ..................................58 Appea127: Charles Menking ........................................................59 Appea128: Jerry Young ..............................................................60 Appea129: David Meyers ...........................................................62 Appea130: Katheryn Space ........................................................64 Appea131: Ken Boyles ..............................................................66 Appea132: Kelly Brooks ............................................................68 Consent Agenda ......................................................................70 SUMMARY' OF RECOMMENDATIONS Appeal 1: James Space 25-935-0410 =Reduce value to $45,000 25-043-0160 =Affirm Value at $85,500 Appeal 2: David Haspell - 25-406-0430 =Affirm Value at $93,300 Appeal 3: Robert Peterson - 25-047-0100 =Affirm Value at $696,000 Appeal 4: Jeff Mader - 25-141-0150 =Affirm Value at $635,500 Appeal 5: Frank Muelken - 25-924-0010 & 25-924-0020 =Affirm Classifications Appeal 6: Mary Lindstrom - 25-141-0350 =Affirm Value at $614,400 Appeal 7: Treva James - 25-141-0290 =Affirm Value at $648,800 Appeal 8: Gerard Hughes - 25-031-0170 =Affirm Value at $1,100,000 Appeal 9: Harold Roberts 25-031-0120 =Affirm value at $731,700 25-031-0111 =Affirm value at $9,000 Appeal 10: Roger Ferguson - 25-935-0100 =Affirm Value at $1,104,000 Appeal 11: Dean Sutliff 25-141-0340 =Affirm Value at $580,300 Appeal 12: James Mickley 25-133-0210 =Reduce Value to $10,000 25-133-0430 =Increase Value to $30,000 Appeal 13: Michael Pherson - 25-936-0460 =Affirm Value at $218,100 Appeal 14: Pat Spielman - 25-026-0080 =Affirm Value at $660,200 Appeal 15: Michael Wright - 25-124-0280 =Affirm Value at $279,100 Appeal 16: Dan Devos - 25-045-0100 =Affirm Value at $534,500 Appeal 17: Judy Faust - 25-141-0080 =Affirm Value at $826.300 Appeal 18: John Moehring - 25-402-0820 =Affirm Value at $201,800 Appea119: Char Jasan 25-071-0050 =Affirm Value at $847,300 25-437-0100 =Affirm Value at $197,500 Appea120: Joel Culpepper - 25-344-0040 =Affirm Value at $412,900 Appea121: Wayne Baumgart - 25-297-0180 =Reduce Value to $670,000 Appeal 22: Elmer Clark from Brad Rixmann 25-027-0230 =Pending 25-027-0240 =Pending 25-027-0250 =Pending Appea123: John Bossardt from Brad Rixmann 25-026-0070 =Affirm Value at $887,000 Appea124: Mary Rixmann from Brad Rixmann 25-026-0090 =Affirm Value at $920,300 Appea125: Brad Rixmann - 25-045-0090 =Affirm Value at $821,400 Appea126: Vickey Kent from Jay Townsend 25-299-0280 =Affirm Value at $310,700 Appea127: Charles Menking - 25-141-0540 =Affirm Value at $450,000 Appeal 28: Jerry Young - 25-040-0220 =Affirm Value at $507,000 Appea129: David Meyers - 25-040-0260 =Reduce Value to $790,000 Appea130: Katheryn Space - 25-096-0290 =Reduce Value to $601,300 Appea131: Ken Boyles - 25-348-0010 =Affirm value at $732,300 Appeal 32: Kelly Brooks - 25-108-0030 =Affirm Value at $551,000 2 Appeal l: James Space, 25-935-0410, No assigned address r %.,. ~. ~:; ~u Building lnformation: NA ~,~, ~_ '~*. ~;~. --~ 3 Lot Information: 0.91 Acre ~~ .~ Background information: 2008 EMV: $235,000 2009 EMV: $235,000 2009 TMV: $163,000 2010 TMV: $235,000 Findings: Based on information from the city's planning department it has been determined that this lot is not currently buildable, nor is there an ability to have a dock installed for lake access. Significant changes would need to be made including, but not limited to, considerable fill, numerous variance approvals and dredging approvals for this lot to be usable in either scenario. Until these issues have been addressed and resolved this lot should have a valuation consistent with other unbuildable lots. Recommendation: We recommend reducing the valuation from $235,000 to $45,000 4 Appeal 1(continued): James Space, 25-043-0160, No assigned address ~ 4 { " ~- ~ J~ : y _ r F v Y. - ~,j7 ~ ~ 1- T!1 ~ i- y ~ ~ f ~.~, ~..: ~, ~~ }.. ~~ - ~i~i ~~ ~: ~r a~ may, ' ~~~ ; ,~ > _, >:~; ~ ~ fi` K~' ~' '; ~ ,~a _ ~ ~ ~ ~~ ~ ~ ~ Q ~ ~,t; ~ Y {~ ~k t ~ i l ~w '. r~~~~ _ S+ r ~~° ~ • y ~-~' z 3 s ~ ~'i~~~~ _ ak '~ +~ ~, '. `~'. ~ k ~ Cc A ~ ' F ~', 4, 't~'s ~~ `~. , '~.~~'~ Si} i~~.S - - 4 .~ ~ ~ , Building int'ormation: NA Yj~ 5~~; ~ ;n. ~. < ti ~~ ~ ,$ a ~,. .. f`~+"_ ;' i r ~r G t 1, ;; t 7~ /. ~ ~ a ~ ~y, ~r }`~ {+i,~ ~~~~ r'4~ ~L, _~ 5 Lot Information: 0.38 Acres Background information: 2008 EMV: $95,000 2009 TMV: $71,300 2009 EMV: $85,500 2010 TMV: $85,500 Findings: Mr. Space stated that this was not a buildable lot due to the requirement that extensive fill was needed to bring the lot to a buildable standard. It was suggested to Mr. Space that he provide our office with evidence of this being the case as well as an estimate from a licensed contractor regarding the cost to cure the condition. Neither was provided. Based on information from the city planning department, the lot is buildable and meets current ordinance lot width and area requirements for a buildable lot and grade differential is generally the same elevation as adjacent street. Mr. Space also contested that the lot was being unfairly assessed in comparison to another lot in the plat. We found that his lot is being consistently value with other lots in the plat. The specific parcel that was used in comparison is located 2 parcels to the north of Mr. Space's parcel. It is 0.25 acres in size, and valued at $30,000. It was explained to Mr. Space that this lot is not being valued as if it was buildable on its own, it is under the same ownership as an adjacent parcel to the south and the aggregate of the two parcels is 0.51 acres and $115,000 in land value. This compares equitably to Mr. Space's $85,500 for 0.38 acres. It was also noted to Mr. Space that we will look in to the possibility that the parcel he used in comparison is in fact a buildable lot on its own. If this lot is buildable on its own the value will be adjusted accordingly. Recommendation: We recommend that the board affirm the valuation of $85,500 6 Appeal 2: David Haspell, 25-406-0430,16955 Toronto Ave SE #318 Lot Information: Common -Condominium ;`7:r ~ r ; ~~ ~ ~ ~~ ~ ~ ~ A- ~ -.€~ r '~ ~„' ti~~ ~, ~ ~ ~~~ ~ a a t . ~~ ~~. 7 " .~} F ~~ .~ ` ,~: {ryy - ~~ ~ Y _ ~ - r- ~, ..: ,- -.,. _ ., _ ~ . ~ _ ~, Building Information: Built in 2003 with 808 Square feet of living area 7 Background Information: 2008 EMV: $93,300 2009 TMV: $93,300 2009 EMV: $93,300 2010 TMV: $93,300 Findings: Mr. Haspell purchased the home in February of 2009 after it was foreclosed on at a price of $45,000. There was an appraisal done at the time of the sale which estimated the property value at $72,500 as of 2/4/2009. Mr. Haspell believes this number is the fair market value of the property as of 1/2/2009. After reviewing the appraisal it was determined that an adjustment of -$25,000 was made to a113 comparable sales because they were not foreclosures and the subject was a foreclosure. In our opinion this skewed the end result of the appraisal by $25,000. If the adjustment had not been made simply because a113 comparable sales were fair market transactions, the end result would have been $97,500. This would support the value of $93,300. In addition to the appraisal submitted by Mr. Haspell, an analysis completed by the assessor's office also supported the assessed value. Recommendation: We recommend that the board affirm the value at $93,300. 8 Appeal 3: Robert Peterson, 25-047-0100,14956 Pixie Point Cir SE Lot Information: 112 ft of Prior Lake lakeshore - 0.50 Acres __ Building Information: The home is a rambler built in 1956. Above grade living area is 1,642 sq. ft. Below grade finished area is 1,500 sq ft. 9 Background information: 2009 EMV: $702,100 2010 EMV: $696,000 2009 TMV: $702,100 2010 TMV: $696,000 Findings: Mr. Peterson submitted an appraisal dated April 10th 2009 which valued the property at $670,000. The first issue is the date of the appraisal which is after the assessment date. Two of the comparable sales also occurred after the assessment date and were foreclosures. The only qualified comparable used in the appraisal, which also occurred previous to the assessment date had an adjusted sale price of $721,500. The assessor's office also completed an analysis using qualified sales from the acceptable sales date range which supported the assessed value. Recommendation: We recommend that the board affirm the value at $696,000. 10 Appeal 4: Jeff Mader, 25-141-0150, 3174 Butternut Circle NW ~x, ~a ~ ~ i ~ - ~,. ~ -- , :~ {c ~ "4 ~ 'a ~- 4: ° > t 21' '~?; 3- s r ~' 31 5? ~ ~ C. .t ~ i ~ Yy ~~ R 1. ... ~ ', . >~. :• ,.i {l t tF ~ "''~ ~ `n ~ II 4 ~ Y'~. C ~ : , y i ~ ~ `I k j , , ~ ~, ma i y s ~ ~ Lot Information: 48 Ft of Lakeshore - 0.30 Acres Building Information: The structure is a 1992 built 2-story home totaling 1,872 square feet above grade with a finished basement. 11 Background information: 2008 EMV: $641,300 2009 EMV: $635,500 2009 TMV: $601,600 2010 TMV: $635,500 Findings: Mr. Mader submitted a spreadsheet to the board on May 4th. It is our position that the analysis submitted by Mr. Mader was based solely on averages and did not take into consideration building size, quality, style or age. It also does not take into consideration lot size, location or differences for $/foot of lake shore as it relates to the total amount of feet on the lake. The assessor's office also completed an analysis using qualified sales from the acceptable sales date range which supported the assessed value. Recommendation: We recommend that the board affirm the value at $635,500. 12 Appeal 5: Frank Muelken, 25-924-0010 & 25-924-0020 .4 SFr' .'3627330 ;b 7s~' t 27787 _ 27521329 ~2379D .299190033 ~~~~, '~ ) 1 x,,73 2x777 y~,.a~1G 273B2~ r 2736 Od9a~~ 2 ~ 1 .)1~ ~ i ,• 2730_1.x1 ~ 62~J957~73E2 i ~ ~'7`Alw~-~.,p~y~.~ i263430037~-~ 27177 r~~~b, '~ ~~' ~ ~ ~ ,921257 ~, +~2 ~ + Y 273 7740+ ~s` Z'3&2il1A0 273F2050U ~.~. 1,. F~~~ r ~22!~~27 ~c y 7 ~'~ 'd"~. 738 X7.1 z~ .Y~~.70~77~52051 +26340 ;,a~ i i ~ ~7fez7s; >>a~ ~ ~ S~z1 2~ T" a. 104 +'t / w~ "~ ~ ~7avSa ~ 2 ~ + ~ 273820120 273020520 3 730 1 .....~~~K ~ _ ti2738271302fi3530710 ~`~ 2 05 si 7 c s0ty r"1 / 73c20657 .. . ~ 1 :rn 7x'621170 2,3 n47 -: ti 1,,s~^273820337 `+ t. `' 263 ~_2 f ~ . ~ s_~~ ~- ,~~? ___>.FfYE<:hk 27 021 c-S~_~ „<11 ~_ LT302{~, 1-~ 5-2750279 r.i ~ -.1900-273 i „7 273020530,~'~} fr s r t i1 r Lot information: 25-924-0020 = 15.27 Deeded Acres, 25-924-0010 = 40 Deeded Acres 13 Background information: 2007 EMV: $452,900 2008 TMV: $440,200 2008 EMV: $509,500 2009 TMV: $506,200 Classification: The classification of the property has been agricultural non-homestead for both properties for at least the past 2 assessments. Findings: Based on the information provided at the meeting it is presumed that Mr. Muelken was inquiring about either the classification of the property or the green acres property tax deferment program. A message was left with Mr. Muelken in an attempt to clarify the nature of his appeal. The classification for the 2009 assessment is properly set at Agricultural non-homestead on both properties. For the 2010 assessment affecting taxes payable in 2011, the classification will likely be split between agricultural non-homestead and rural vacant land due to recent changes in the laws. I spoke with Mr. Muelken on 5/14/09 and explained theses classifications. He understands the difference and was ok with the explanation. Recommendation: Affii7n the classification of agricultural non-homestead 14 Appeal 6: Mary Lindstrom, 25-141-0350, 3124 Linden Cir NW Lot Information: 45 feet of lakeshore - 0.65 Acres Building Information: The structure is a rambler with 1,554 above grade square foot and a finished basement. 15 Background information: 2008 EMV: $621,600 2009 TMV: $560,500 2009 EMV: $614,400 2010 TMV: $614,400 Findings: No information was provided to the board or the assessor's office by Mrs. Lindstrom in regard to the market value of the property as of 1/2/09. The assessor's office completed an analysis using qualified sales from the acceptable sales date range which supported the assessed value. Recommendation: We recommend that the board affirm the value at $614,400. 16 Appeal 7: Treva James, 25-141-0290, 3147 Linden Circle NW ~> a 1 \., i Y I ` C ~ f l lrtl _ .~ ~~`~~ll t y tad Z~~~c. .fih.~~ as- - ~ l ~ '~"!~ ~~'.t~'~~ ..... .._.... Lot Information: 70 feet of Lakeshore - 0.45 Acres Building Information: The structure is a 1974 rambler with 1,728 square foot above grade and a finished basement. 17 Background information: 2008 EMV: $655,800 2009 EMV: $648,800 2009 TMV: $655,800 2010 TMV: $648,800 Findings: No information was provided to the board or the assessor's office by Mrs. James in regard to the market value of the property as of 1/2/09. The assessor's office completed an analysis using qualified sales from the acceptable sales date range which supported the assessed value. Recommendation: We recommend that the board affirm the value at $648,800. 18 Appeal 8: Gerard Hughes, 25-031-0170, 5724 Lot Information: 100 feet of Lakeshore - 0.40 acres ^ i f ~~ «~ {_.~~ _;~ - ;~ . ~ :~ .~ ,; i ~, ~<. ~~ .t ~= _ _ ~- _..:, __ Building Information: The structure is a 2006 rambler with 2,080 square feet of above grade living area and a finished basement. 19 Appeal 9: Roberts, Harold, 25-031-0120, (adjacent lot) 5630 Fairlawn Shores Trail Lot Information for 25-031-0120: 0.21 acres, Lake Front Lot Information for 25-031-0111: 0.05 acres, Lake Front %' Building Information: 1992 - 1 & 2 story, 2,756 finished sq. ft. above grade. Full walk-out lower level with 1100 sq. ft. finished. 21 Background information: PID: 25-031-0120 2009 EMV: $741,000 2009 TMV: $741,000 2010 EMV: $731,700 2010 TMV: $731,700 PID: 25-031-0111 (adjacent lot) 2009 EMV: $10,000 2009 TMV: $10,000 2010 EMV: $9,000 2010 TMV: $9,000 Findings: A physical inspection was performed on the subject properties on 5/8/09 and found that the lots were typical bluff lots with nothing adverse on the sites that would warrant an adjustment. Sales of bluff lots have not shown any price variance, unless the terrain is found to be extreme. In addition a comparable sales analysis was complete and supported the estimated valuation. Recommendation: We recommend the valuation for PID #25-031-0120 to remain at $731,700 We recommend the valuation for PID #25-031-0111 to remain at $9,000 22 Appea110: Roger Ferguson, 25-935-010-0, 4500 Lords Street NE Lot Information:.85 Acre with Lakeshore of about 300 front feet. } ~ `j= ? ~r 5 ?y ~~~ + ~ _~ ~ ~ 7 ~ u, 1' o[~d IK ~ tiw4 _ - ~ ~ ~t~ y _. ;~. -~ Building Information: 2006 Good Quality Rambler. This one-story residence has 3,190 square feet on the main level without a basement. A boat house is adjacent to the residence. 23 Background information: 2009 EMV: $1,119,000 2010 EMV: $1,104,000 2009 TMV: $1,119,000 2010 TMV: $1,104,000 Findings: The subject is an executive quality one story residence built in 2006. High quality interior finish includes marble, limestone, granite flooring, and cherry kitchen cabinets with granite countertops. The exterior finish in consistent with similarly-aged residences with Hardi siding and stone veneer. The sales comparable analysis included three lakeshore properties within the required time frame. The comparables bracket the subject property by actual and effective ages, by above grade square footage, and amenities. Recommendation: Our office recommends the property's valuation remain at $1,104,000. 24 Appeal 11: Dean Sutliff, 25-141-0340, 3162 Linden Cir NW ~. ~_. ..: .~, l~y Building Information: This is a 1969 rambler with 1,683 above grade finished area and a finished basement. 25 Lot Information: 50 feet ot~ Lakeshore - 0.39 Acres Background information: 2008 EMV: $587,300 2009 EMV: $580,300 2009 TMV: $568,000 2010 TMV: $580,300 Findings: No information was provided to the board or the assessor's office by Mr. Sutliff in regard to the market value of the property as of 1/2/09. The assessor's office completed an analysis using qualified sales from the acceptable sales date range which supported the assessed value. Recommendation: We recommend that the board affirm the value at $580,300. 26 25-133-0210 & 251330430 Building Information: There are currently no buildings on either of these lots Lot Information: 25-133-021-0 - is a legal lot of record but doesn't currently have immediate access to City utilities, It would need an excessive amount of fill for establishing house pad if this is even possible. It is accessible from Vale Circle, could have a dock but the channel is so dry that there is grass growing in most of it. 25-133-043-0 - is a legal lot of record but doesn't currently have immediate access to City utilities, the lot would need an excessive amount of fill for establishing a house pad, and it may be difficult to access in current state. It could have a dock but upon inspection there is almost no water, except a small stream going by. 27 Background information: Lot 25-133-0210 2007 /Pay 2008 EMV: $100,000 2008 /Pay 2009 EMV: $100,000 2009 /Pay 2010 EMV: $90,000 Lot 25-133-0430 $300 $300 $300 Findings: The 2 parcels were inspected on May 7, 2009. At the inspection the properties found to have no access to Prior Lake currently, as the dock is high and dry and there is grass growing in much of the channel, where a shallow stream flows. The owner states it has been this way for years. The property is mostly lowland, with a bluff edge. It appears unbuildable without an excessive amounts of fill, if public utilities were to become available and if it were indeed legally permissible. Recommendations: We recommend reducing the estimated market value on the smaller more easterly Lot (Parce125-133-0210) down to $10,000. HOWEVER, we recommend increasing the estimated market value of the other larger more westerly lot (parce125-133-0430) up to $30,000. 28 Appea113: Michael Pherson, 25-936-0460,15538 Fish Point Road ~:7.~ ,~i;~ , . `~., ~. y ,.; a_~i Building Information: The structure is a 1982 Three Level Split Residence with 1,424 above grade living area. 29 Background information: 2009 EMV: $221,100 2010 EMV: $218,100 2009 TMV: $221,100 2010 TMV: $218,100 Findings: An inspection of the property was conducted on May 7, 2009 with the homeowner. Oak wilt infected 10 trees on this site and the city required the diseased trees be removed. The trees removed were mature however, numerous trees still remain. A potential buyer would still consider this to be a wooded site, and because there was no additional value placed on the site for the existence of the 10 mature trees that were removed, there is no value reduction warranted for their removal. After a review of this property and adjacent property we believe the value of $218,100 is supported. Recommendation: Affirm the value of $218,100. 30 Lot Information: 0.44 acres. Lake Front: +/- 275' of lake shore. ~~ `\''~„ ~~ ,,~ Building Information: 1960 Split Entry, 1,064 finished sq. ft. above grade and +/-1000 sq. ft. finished in the basement. 31 Background information: 2009 EMV: $674,600 2010 EMV: $660,200 2009 TMV: $575,000 2010 TMV: $660,200 Findings: The subject improvements are in average condition and are typical of many homes on Prior Lake. It has surrounding water of approximately 275' of shoreline with very good surround views. The subject also benefits from the views and access of approximately 75' of shoreline easement on the South side of the peninsula. After completing a sales comparison analysis of similar qualified sales it was determined that the estimated market value of $660,200 was strongly supported. Recommendation: We recommend the valuation remain at $660,200 32 Lot Information:.44 Acre Corner Lot in a typical residential neighborhood. ;~. ,'' ~_:, ~; ~~~ 1"" '~~- .r..._. ~-. .. ~~'- .~~ _ ~ _;~ t t ~. Building Information: 1976 Split Foyer Residence. 1,354 square feet is finished on the upper level. About 1,000 square feet lower level finish. The three-season porch and deck are accessed from the upper level. The residence has athree-car attached garage. 33 Appea115: Michael Wright, 25-124-0280, 14300 Timothy Ave. NE Background information: 2009 EMV: $285,600 2010 EMV: $279,100 2009 TMV: $275,000 2010 TMV: $279,100 Findings: The residence was inspected on May 14, 2009. The property is in average overall condition and quality. The property has deeded lake access to Boudin's Manor Association. The deed lake access is based on the appraiser's knowledge of the neighborhood as well as the MLS listing when the homeowner purchased the property. The market is willing to pay additional for lake access. The homeowner's concern dealt with the value and tax increases in recent years, as well as, the recent commercial rezoning of the lots east of the homeowner's property. The value increases from 2008 to 2009 dealt with the revaluation of all Lakeshore and deeded access. For pay 2009, the property benefited from Limited Market Value which reduced the Taxable Market Value to $275,000. Limited Market Value benefit expired after taxes payable in 2009. Per homeowner, the commercial rezoning will impact the neighborhood's desirability for families and its negative impact on values. Any impact on value will be determined when sales data becomes available. The northern part of the neighborhood already is adjacent to commercial uses with no known detrimental impact on values. The sales comparison analysis provided four sales with deeded lake access. Two sales are in the property's immediate neighborhood. The sales bracketed the property by upper level size, building age, basement finish, and garage size. The sales comparison analysis supports the estimated market value. Recommendation: Affirm the 2009 market value of $279,100. 34 Lot Information: 491akeshore feet - 0.28 acres `,,~'; ~ Building information: The structure is a 1966 built rambler with 1,181 sq. ft. of above grade living area and a finished basement. 35 Appeal 16: Dan Devos, 25-045-0100,14301 Shady Beach Trl NE Background information: 2009 EMV: $539,300 2010 EMV: $534,500 2009 TMV: $467,200 2010 TMV: $534,500 Findings: The Assessor's office was in contact with Mr. Devos throughout the informal appeals process. Comparable sales which support the current estimated market value were gathered and emailed to Mr. Devos prior to the board meeting. On May 13th an inspection was performed at the property. A sales comparison grid was then completed, using qualified comparable sales from the 2008 study period. The sales grid result does well support the 2009 estimated market value. Mr. Devos has brought forward no information which would support a different value. Recommendation: We recommend affirming the value at $534,500 36 Appea117: Judy Faust, 25-141-0080, 3133 Butternut Circle NW _ ~ ~~, -~ _ ,. , ,, ., -, Lot Information:.66 Acre, Lakeshore `.~,~ .~-: ... Y '~ r~ ` ~. ~ ~ .~. r ~~ r ., 4~ ~~ ~.,.5 ~.°{ ~ ,~ fr y ,.1 -~' - Y„yti .ma;r~~a~"_ ~~,. ~ ,. - Building Information: 3 Level Split Residence built in 1976 with a 2006 addition. Good quality construction. About 80% of the lower level in finished. 37 Background information: 2009 EMV: $838,300 2009 TMV: $817,700 2010 EMV: $826,300 2010 TMV: $826,300 Findings: Mrs. Judy Faust attended the Board of Appeal and Equalization on May 4, 2009. Mrs. Faust was contesting her pay 2010 value. Also was concerned about the valuation of the property's lakeshore, past years' valuation increases, increase in taxes, the residence's square footage calculation and valuation. Mrs. Faust and Ginger Johnson had telephone calls and an office visit regarding the above referenced issues. Mrs. Faust provided an appraisal dated April 18, 2009. Three sales were used to estimate the property's market value. Only one sale met the sales study timeline of October 2007 to September 2008. That sale was used in the department's valuation of the property. The appraisal supported a lower value that the county's estimated market value for pay 2010. A sales comparison grid was completed to estimate the valuation for the Faust residence. These sales were adjusted for lakeshore size and area differences, building age, building size, and amenities. The sales bracketed the lakeshore front footage, above grade square footage and effective year built. One sale was found in the subject's immediate area. The reconciled value supported the 2009 estimated market value. Recommendation: Based on the information provided by Mrs. Faust and the department's sales comparison analysis, affirmation of the current estimated market value of $826,300 is recommended. 38 Appea118: John Moehring, 25-402-0820, 4973 Bluff Heights Trl SE >,~ ~ Y -~" s ,. ~ ~ _ ~, ~.,~ s K. ':air ~. ; ~ ~ ~z A ~ 7 y~ E ~ w~'•' ~ ' ~ ~; ~. ,- Y } X ~S~ ' of Lot Information: .040 Acres with common ground and an owner's association. .- ~. z .. ... ,-_~ 4 6w -A 2 ~~ S i~~ A' i y'y ~ F M^Y ,ti 14~ JT ~f 1l., r~ ^ Building Information: This end unit side xside- split entry style townhome was built in2004. There is 1076 above grade square footage, and a full finished basement. 39 Background information: 2009 EMV: $201,800 2010 EMV: $201,800 2009 TMV: $201,800 2010 TMV: $201,800 Findings: Mr. Moehring canceled an inspection that he had set up with our dept. We called him to reschedule and left a message to call us. Mr. Moehring had not returned our call as of 5/15/09. Recommendation: Affirm the value at $201,800 40 Appea119: Char Jasan, 25-071-0050, 15320 Edgewater Cir. NE .fi -` t t~I - :. ~ ~~ f f _.. h-. ~ ~ s ~ `~ ~_/ w& L ~ .i~ ~~ ~ ~' - 11 ~ ~~' 4- ~~ t _ ~ . ~ ~ ~ -~ 5 _.= M nY„y'~ .. ~ .~ i ~ l>+ - y. :r: iii ~ , ~ ~ ff` ~ . 1 .'. jxw ~` ,~ ; ~~ L ~ ;S-»n. .. ,~~„ l - i W~-:--~751ic Lot Information: Lake Front, +/-210' shore - 0.40 Acres Building Information: 2 story built in 1972 with approximately 3,292 finished sq. ft. above grade and a walkout lower level with approximately 747 finished sq. ft. 41 Background information: 2009 EMV: $856,800 2010 EMV: $847,300 2009 TMV: $856,800 2010 TMV: $847,300 Findings: Records show last date of sale to be on 7/1/94 with a sale price of $295,000. The subject property has approximately 210' of lakeshore on .40 acres. A sales analysis of the 6 most similar comparable sales within the time frame of 10/1/7 - 1/1/9 shows a sales price range from $704,000 - $1,055,000 and an adjusted range from $883,000 - $983,000. The tax assessed value of $847,300 is strongly supported. Recommendation: I recommend the valuation to remain at $847,300. 42 Appea119 (continued): Char Jasan, 25-437-0100, 5883 Parkview Ln. NW ~'' - i - ;- ~`~ -- z ;~, h; .,6 ~ f~ ~ 4 - ~- hs~'t ~Sp ~ '~~ t I : *~y, , .I '+ . k 'kti ~ ? ~: ~' i _.v~ ~ ~ ~ 1~ `, Y t a 'A ~~i ~.,.e ii y, 'ley x ~ - -«~}.fR iy~'., tT' ~ k ~ a- ~ ~~:> ,~ $~~ ~ r k 11 ~ - it'.. {. # ~, `' ~ ~ ~. ~ ~ m ,, ' ~.. Ur ~z~,i (, "r. Lot Information:.06 acres. Townhome -End Unit ~.~~~~ _~. ~:. ~ ` 4; _ ,~; Building Information: 2006 Townhome -end unit. 1,314 finished sq. ft. 2 bedroom, 1.75 bath above grade. Walk-out lower level with 544 sq. ft. finished. Deck. 43 Background information: 2009 EMV: $207,000 2010 EMV: $197,500 2009 TMV: $207,000 2010 TMV: $197,500 Findings: After researching all of the similar model units in the subject development, it was determined that any differing values assessed are attributed to variances in lower level finishing, interior upgrades, and common wall variances (end-unit/mid-unit). Recommendation: I recommend the valuation be affirmed at $197,500 44 Appea120: Joel Culpepper, 25-344-004-0,15263 Wilds Parkway NW i3~ ~'~'v~'1t a --• ••r - .. ~.,, ~ M x' ~F~ r, "~ ~ p~_ '~ . at^,.~s n~: ~r ~.., ~qr ~.y~ F ~ '~ ? h`,V .~` ~•`' ~" <. +• `:._~. "'~ .-, Lot Information: 0.47 Acre, adjacent to the Wilds Golf Course. Building Information: 2000 One-two Story Residence with 2,288 square feet above grade. Good quality of construction. About 90% of the lower level is finished. 45 Background information: 2009 EMV: $458,700 2010 EMV: $412,900 2009 TMV: $458,700 2010 TMV: $412,900 Findings: The property owner attended Prior Lake's Local Board of Appeal and Equalization on May 4, 2009. Mr. Culpepper provided two recent sales as support to lower his property's estimated market value for taxes payable in 2010. Our office explained the October 1, 2007 to September 30, 2008 timeframe for taxes payable in 2010. Mr. Culpepper contacted our office and determined that an appeal based on recent sales was not applicable and withdrew his appeal request. Recommendation: This office recommends the affirmation of the $412,900 value. 46 Appea121: Wayne Baumgart, 25-297-0180, 2966 Fox Hollow NW - -: z~. i .or-- ., -. :; ~-`. <_;`~ ~, ^~. +4. j_ k ~~: x .. ,,~rr3 .~i _: $4. ~~ ~_ ~~ 's .. ~~ ~ _' Lot Information:.51 acres. Wilds Green/Wooded View Building Information: 1994 Mod 2 Story with 3,159 finished sq. ft. above grade. Full walk-out lower level with 2,200 sq. ft. finished. 47 Background information: 2009 EMV: $769,100 2010 EMV: $692,000 2009 TMV: $611,300 2010 TMV: $692,000 Findings: After an interior inspection was performed and a sales comparison analysis of 4 similar qualified sales was completed, it was determined that the estimated market value is $670,000. Recommendation: I recommend the valuation be lowered to $670,000 48 Appeal 22: Elmer Clarke, 25-027-230, 25-027-0240, 25-027-0250 No Address .~- E''~ ~ ~; ,~ '~ =- ~, ~ ~ * ~< _' ' ~~ ~. ~ ~';r~t. [[ ~~ ~ ~Yl S ~ tt~'y, Y- yr ~ ~\ ~ 'k. a ~ k _ 3'~ 4 ~ `^ >~" f~ r t 4 . Y~' 7 ~ fi '~.aa4 .: ~> ;= ~;; ~ ~ h ~ '~ ~, e'^, r c 3~ ~ r ~ : ! . 4 2 F ~ ; ~ } k T ` y ~ 4:}t. : ~?T ~~ ,+t`~_r ~Z '~`, t ~~.fl t'' ~ 2~ }4 t -•~ ~ . , ~ 5.1 r~~1Pa ~l. -.y~ 1 --+~ 1! j,Iil I ~ ~ a y `7t . i~Y - 1 yYj-~ i'R ~ 'a't~Y } ~ r ~ ~~ f 7r. ~_ ~` . y ~ 1 , F ~~'3j ~ '' ~'`' Y -r~Y ja ' ~ ~` ~~ ~~ ~ :~~ ~ _ ~ ~ .~' ! y t ~; _ _ ~ ~ a~ qq Lot Information: P.I.D. 25-027-023-0 Bluff lot located in Candy Cove Park Plat on Prior Lake `'~~.~7 ~ :.~ Y4 _ 'S ,' .~ W .. ~ ~ ~ '~ ~~ Lot Information: P.I.D. 25-027-024-0 Bluff lot located in Candy Cove Park Plat on Prior Lake 49 ,~__ ~ ~ r- ,;~ '~,;.3 ~; ~' , ~, ,- . ~} }s ', ~x~ ~'5 ~,p ~' ~+.Y4eS+~.3 ix &.~ v. -~; ,< s~' , `~ ~ ~4 ~~ ~crt ~~. ~' f ~ 1 tt ~ Y '~ 4-7.y~.1 ~'' ~~'> Lot Information: P.I.D. 25-027-025-0 located in Candy Cove Park Plat on Prior Lake ~~ '.. Sites adjacent to State Highway 13 50 Lots adjacent to Candy Cove Trail SE and Right-of Way #25-936-075-0 (to the left) o _~~:.; Parcels' Lakeshore 51 Appea123: John Bossardt, 25-026-0070, 15329 Breezy Point Rd. SE Lot Information:.43 Acre Good Quality Lakeshore Residential Area -_ ~~.~ Building Information: Two Story Residence. The above grade level is 2,475 square feet. Good quality construction. The exterior finish includes wood siding with brick veneer, and wood roof shingles. The high water level of the property's location prohibited the presence of a basement. Three car attached garage. 52 Background information: 2009 EMV: $897,000 2010 EMV: $887,500 2009 TMV: $897,000 2010 TMV: $887,500 Findings: The property was originally inspected October 11, 2007. The property's condition and quality of construction are good. A sales comparison grid was completed using qualified sales of competing lakeshore properties. The sales bracketed the subject's quality of construction, year built, and above grade square footage. The property is located on a peninsula providing atypical lake front footage. The market did not provide comparable peninsular lakeshore locations. Adjustments were made for varying lake front footage. After inspecting the property and reviewing lakeshore property sales, the estimated market value for 2009 is supported. Recommendation: Affirm the estimated market value of $887,000. 53 Appeal #24: Mary Rixmann, 25-026-0090,15311 Breezy Point Rd NE ,~ Building Information: The structure is a 1995 two story home with 3,828 square feet of above ground living area, and no basement. Lot Information: 100 feet of Lakeshore - 0.26 acre 54 Background information: 2009 EMV: $934,300 2010 EMV: $920,300 2009 TMV: $934,300 2010 TMV: $920,300 Findings: Mrs. Rixmann is contesting her valuation based on damage caused to the property by mold. She submitted a report detailing the condition and costs to cure the mold condition. MS 273.11 Subd. 21 allows for a one year valuation reduction for homestead property damaged by mold. A person must apply for the valuation reduction. Some of the requirements include the cost to cure must be at least $20,000 and the work must be completed by a licensed contractor. No other information was provided by the homeowner that would support a value other than the current estimated. Recommendation: The market value of $920,300 should be affirmed. 55 Appea125: Brad Rixmann, 25-045-0090, 14291 Shady Beach Trl ~ ~~+ ~ ' haa g{ ;Y ~ (• k'~ R~'":J~i~`~, ~ rq ~ r. ~y ti r ` ~ ~ t'4 ~?' Y ks . / ~ ` r '. ~ ~ ~-~~ t ~~"^ i M ~: 1 . ~.. ..__ __ . i . L -.. ;q ~~.~ ~-~a ~ _ '~ ~~ ~ - ~ ~:. ~ ~ ~~. ~t.~+SY3 ly ~~~ . Building Information: This walk out rambler was designed by architect Arther Dickey, and built in 1956. It has a brick and cedar exterior and contains 5 Bedrooms, 2 fireplaces, a finished basement, a 2 car attached garage, open porch and a deck. Above grade finished area is 2,364 square feet .~, r: .: ~: UC--~ Lot Information: 148 feet of Lakeshore - 0.85 Acres 56 Background information: 2009 EMV: $830,000 2010 EMV: $821,400 2009 TMV: $830,000 2010 TMV: $821,400 An inspection appointment was scheduled, but Mr Rixmann was not there for the appointment so no entrance was gained. We put in a call for a re-schedule but we did not hear from Mr. Rixmann. It should be noted that Mr. Rixmann purchased the home during the study period for $850,000. Findings: A sales comparison grid was completed, using 4 (other) characteristically similar, qualified comparable sales from the study period. The sales grid result supports the 2009 estimated market value. Recommendation: Affirm 2009 Estimated Market Value of $821,400. 57 Appea126: Vickey Kent, 25-299-0280, 5883 Cardinal Ridge Trail SE Lot Information:.27 acres. Typical residential ~ ~~ L' F* ry ~T. ~° ~~~k '%' ;~ ~ ~~ x : ~~i ~~~~ -- ~ '';; /: tni...,:57~ I`_ Building Information: 1995 4 Level Split, 1,852 finished sq. ft. 3 bedroom, 2 bath above grade. Full look-out lower level with 1000 sq. ft. finished. 58 Background information: 2009 EMV: $345,200 2009 TMV: $345,200 2010 EMV: $310,700 2010 TMV: $310,700 Findings: After completing a sales comparison analysis of similar qualified sales, it was determined that the estimated value is supported. Recommendation: We recommend the valuation remain at $310,700 Appeal 27: Charles Menking, 25-141-0540,16119 Northwood Rd NW Background information: 2009 EMV: $493,400 2010 EMV: $450,000 2009 TMV: $461,700 2010 TMV: $450,000 Findings: Mr. Menking was in contact with the assessor's office throughout the informal appeals process. An analysis was conducted using comparable sales in the study period. The outcome of that analysis estimated the property's value at $450,000, this information was shared with Mr. Menking. Mr. Menking still did not agree with the reduced value and attended the meeting. At the meeting he indicated that he believes the property information that the county used was incorrect. An inspection was offered to Mr. Menking, he responded that he could not meet at the property until early June. It was suggested that if Mr. Menking had any other adult that could meet for the inspection before the 2°d meeting that we would still be able to meet at the property. We received no further correspondence from Mr. Menking. Recommendation: Affirm Value at $450,000. 59 Appea128: Jerry Young, 25-040-0220, 5465 Shore Trail NE Lot Information: 50 feet of lakeshore - 0.45 Acres Building Information: This walk out rambler was built in 1971. It has 2 Bedrooms, 2 fireplaces, a finished basement, detached garage and a deck. 60 Background information: 2009 EMV: $511,900 2010 EMV: $507,000 2009 TMV: $471,200 2010 TMV: $507,000 Findings: Mr. Young was present, stating that his market value went up 8% when everything is going down 1-3 %. In actuality Mr. Young's estimated market value was decreased for the 2009 assessment. The property was inspected on May 7, 2009. An analysis was completed using 4 qualified comparable sales from the sales study period. The sales grid results supports the 2010 estimated market value. Recommendation: Affirm the estimated market value of $507,000 61 Appea129: David Meyers, 25-040-0260, 5515 Shore Trail NE ~. ~,. Building Information: This walk out rambler was built in 1971. Above grade finished area is 2,205 62 Lot Information: 130 feet of lakeshore - 0.67 Acres ._ . --;~ Background information: 2009 EMV: $861,600 2010 EMV: $850,100 2009 TMV: $756,400 2010 TMV: $850,100 Findings: Mr. Meyers stated that he had an appraisal which came in $100,0001ess than the County's value. An appraisal was never received by the County. The property was inspected on May 7, 2009. Building information was corrected resulting in a reduction in the overall finished square footage. Mr. Meyers produced a certified survey showing the northern lot footage to be 125 ft. He was contesting that the lake footage listed at 130 ft was incorrect. The issue with the survey is that it does not give a dimension for the lake side of the lot, and the lot is not rectangular in shape. After consulting the recorded plat map, it appears that the lake side of the lot is indeed 130 ft. A sales comparison grid was completed, using 4 qualified comparable sales from the 2008 study period. The sales grid indicates the 1/2/09 value to be $790,000. Recommendation: Reduce the 2009 Estimated Market Value to $790,000 63 Appea130: Katherine Space, 25-096-029-0,16094 Lakeside Avenue SE -, _, ~, -~'{~', ` r q ~ _ ,, ~a ` ~; , ~~ ~s ; ;~ in i3 is ~. S;ti~ ~ . Q « r y~ y~' t _ _ _ "'°~ '~ ~; -' Lot Information:.48 acre Typical Lakeshore Parcel for the neighborhood ~~ Building Information: 1977 Rambler with walkout basement. About 70% of the lower level is finished. 64 Background information: 2009 EMV: $649,400 2010 EMV: $644,300 2009 TMV: $595,400 2010 TMV: $644,300 Findings: The homeowner attended to Local Board of Appeal and Equalization on May 4, 2009. The property was inspected on May 14, 2009 at the owner's request. The residence's exterior is in good condition. The interior has dated decorating throughout and is in need of plumbing and electrical repairs. Recommendation: Due to the property's condition, our office recommends the reduction of the property's value to $601,300. 65 Appea131: Ken Boyles, 25-348-0010,15358 Breezy Point Rd SE Lot Information: 180 feet of usable lakeshore - 0.40 usable Acres ;~ ,' s'. * ~ ~_; . ~~~~ ~~ 5 y~ t~ _ ~, Building Information: The structure is a 2002 built 2-Story style home with 3,636 sq. ft. of above grade finished area with no basement. 66 Background information: 2009 EMV: $743,100 2010 EMV: $732,300 2009 TMV: $743,100 2010 TMV: $732,300 Findings: Mr. Boyles attended the board meeting and made numerous suggestions concerning the processes used throughout the assessment cycle. He also expressed concerns about his property valuation in comparison to a neighboring valuation. He also indicated that he believes his valuation as of 1/2/2009 as high. A comparable sale analysis was complete, the analysis supported the 1/2/2009 value. Recommendation: Affirm the assessed value of $732,300 67 Appea132: Kelly Brooks, 25-108-0030, 3564 Willow Beach St SW Building Information: The residence is a 1979 four-level split with 1,456 square feet on the main level. About 80% of the lower level is finished. __.__ _. {~ i-F1,:--` J~f ~ it ,li,~ Q~ F 7~ ~.' 4 ~~~ ~ ~ ~ ~ { i a 1 ~> ~"l ~y t E`er ~~. A~1 T ` }4 ~a ,~ ,~~( 1 k" ~ ~ ~ `1 ! Y r } ,, ;~ __..- i . ~ ~~ -M~.----- t.~ Lot Information: 100 feet of Lakeshore - 0.32 Acres, site is separated by an association- owned access parcel. 68 ,;; Background information: 2008 EMV: $558,200 2009 EMV: $551,000 2009 TMV: $474,100 2010 TMV: $551,000 Findings: No inspection was performed at the property due to Ms. Brooks' schedule. The separation by the association-owned parcel from the Lakeshore impedes the owner's full use and enjoyment. The site has an overall lower value due to this limited access. A sales comparison grid was completed, using qualified comparable sales from the 2008 study period. The sales grid result does support 2009 estimated market value. Recommendation: Affirm the 2009 estimated market value of $551,000 69 2009 PRIOR LAKE LOCAL BOARD OF EQUALIZTION CONSENT ITEMS PID ORIGINAL REVISED 25-003-0190 25-017-0620 25-029-0030 25-031-0170 25-042-0110 25-094-0010 25-095-0160 25-095-0310 25-096-0110 25-106-0170 25-124-0350 25-133-0850 25-141-0540 25-141-0680 25-143-0250 25-197-0080 25-203-0040 25-240-0100 25-252-0310 25-253-0050 25-263-0080 25-286-0170 25-302-0420 25-314-0430 25-331-0010 25-343-0260 25-354-0020 25-376-0750 25-379-0470 25-385-0380 25-392-0780 25-404-0460 25-405-0010 25-406-0430 25-418-0150 25-418-0720 25-418-0800 25-418-1260 $197,900 $175,900 $552,000 $1,257,100 $ 548,900 $442,100 $404,300 $424,500 $861,600 $256,300 $81,000 $550,500 $487,000 $457,000 $273,500 $100,900 $428,000 $428,200 $406,900 $259,700 $620,000 $281,600 $358,500 $80,500 $623,400 $286,700 $448,000 $247,900 $158,500 $195,300 $10,200 $400, 500 $99,000 $93,300 $195,000 $301,800 $323,400 $328,700 $187,000 $173,900 $549,400 $1,100,000 $475,000 $390,000 $400,000 $400,500 $841,400 $235,000 $70,000 $510,000 $450,000 $448,500 $235,000 $98,000 $403,000 $351,300 $376,900 $241,000 $575,000 $267,900 $330,000 $3,700 $565,000 $265,000 $367,900 $215,600 $152,600 $175,500 $8,600 $375,000 $70,000 $89,300 $175,000 $268,500 $296,200 $300,700 70 25-427-0050 $415,000 $325,000 25-436-0310 $682,900 $629,100 25-436-0320 $698,300 $625,000 25-437-0090 $195,000 $175,500 25-442-0240 $521,600 $480,000 25-442-0390 $543,300 $452,500 25-454-0500 $448,600 $426,000 25-463-0090 $173,600 $161,100 25-903-0120 $648,800 $630,000 25-930-0090 $554,900 $525,000 25-930-0100 $30,000 $21,400 25-930-0101 $30,000 $10,700 25-930-0102 $30,000 $10,700 25-930-0103 $30,000 $10,700 25-934-0040 $1,016,600 $924,600 25-096-029-0 $644,300 $601,300 25-099-012-0 $244,600 $229,300 25-108-025-0 $302,113 $259,600 25-117-018-0 $673,100 $630,600 25-118-006-0 $438,700 $416,000 25-252-021-0 $311,100 $281,100 25-252-027-0 $372,700 $342,700 25-252-030-0 $376,500 $346,500 25-379-1630 $152,500 $146,900 25-385-041-0 $236,700 $222,000 25-386-073-0 $370,600 $349,200 25-402-039-0 $174,600 $164,300 25-402-050-0 $195,900 $165,000 25-402-051-0 $188,500 $167,800 25-402-052-0 $191,400 $181,000 25-402-079-0 $193,948 $183,538 25-930-071-0 $149,900 $133,900 71