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Home My WebLink About2007 04-30 CCP Board of Appeal & Equalization City Council Meeting Board of Appeal and Equalization April 30, 2007 Council Chambers, City Hall Agenda 1. Meeting called to order, roll calL (7:OOpm) 2. Local Board of Appeal and Equalization (LBAE) Certification Form 3. The Purpose of the Local Board of Appeal and Equalization 4. Questions regarding the Local Board of Appeal and Equalization duties 5. The Assessor's Report 6. Questions regarding the assessment report 7. Appearances by taxpayers with appointments 8. Appearances by taxpayers without an appointment 9. Consideration of written appeals 10. Set Date of Local Board of Appeal and Equalization reconvene meeting. 11. Ad'ourn 1 Form No. A.F. 4- Notice M Clerk of Meeting of Board ot Review Epualizatlon OFFICE OF COUNTY ASSESSOR TO THE CLERK OF THE Ci ty pF Brooklyn Center HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN, That the Th i rti eth day of Apri 1 at Seven o'ciock P• M., has been fixed as the date for the meeting of the Local Board of Appeal and Equalization in your Ci t.y for said year. This meeting should be held in your office as provided by law. Pursuant to the provisions of the Minnesota Statutes Section 274.03, you are required to give notice of said meeting by publication and posting, not later than ten days prior to the date of said meeting. Given under my hand this Fi fth day of February 20 07 ��Q.,c..a-�.. County Assessor Hennepin County, Minnesota Ncaoo ��rost C TY OF BROOKLYN CENTER 2007 LOCAL BOARD OF APPEAL AN D EQUAL ZAT ON APR L 30, 2007 111 2007 Brookl�n Center Board of A��eal and Equalization Meetinc� Aqenda: 1. Meeting called to order, roll call. (7:OOpm) 2. Local Board of Appeal and Equalization (LBAE) Certi�cation Form. 3. The Purpose of the Local Board of Appeal and Equalization. 4 Questions regarding the Local Board of Appeal and Equalrzatron dut�es. 5. The Assessor's Report. 6. Questions regarding the assessment report. 7. Appearances by taxpayers with appointments. 8. Appearances by taxpayers without an appointment. 9. Consideration of written appeals. 10. Set Date of Local Board of Appeal and Equalization reconvene meeting. 1 Adjourn Local Board of Appeals and Equalization Certification Form This is a printed form, and is slightly different from last year. Section 1 must be completed at the beginning of the meeting and Section 2 must be completed at the end of the meeting. The State requires a printed version of the certification form because it must be signed by board members and the county assessor (or assistant delegated by the county assessor) or authorized city assessor to verify that the quorum and training requirements were met. Assessor Certification has been added to the form to verify whether a quorum and a trained individual were present at the meeting. It is the Assessor's responsibility to verify that these requirements are met and to determine if he/she must take over the meeting and change it to an open book format. Failing to certify that the quorum or training is met is a violation of the Code of Conduct and Ethics for Licensed Minnesota assessors which took effect March 1, 2006. The local board members have been preprinted on the form. In addition, the LBAE certified and trained member is also included on the form A Certification Form must be completed and signed for the initial meeting and each reconvene meeting. In addition, to ensure compliance with the training and quorum requirements, a Certification Form must be completed even if no taxpayers attend the meeting. At the end of each meeting, the assessor must take possession of the Certification Form. Purpose of the Local Board of Appeal and Equalization The purpose of the Local Board of Appeal and Equalization is to provide a fair and objective forum for property owners to appeal their valuation or classification. The goal should be to attempt to address property owner's issues efficiently, fairly and objectively. Any changes made by the board must be substantiated by facts. Any value reductions must be justified because they have the effect of shifting the tax burden to other property in the jurisdiction. The board has the responsibility to review the assessed valuation and classification of property within the city. This year's review is limited to the 2007 assessment for taxes payable in 2008. Taxes or prior year assessments are not within the �urisdiction of the lacal board. Limits of Authority for the Local Board of Appeal and Equalization The authority of the board extends over individual parcels only. No changes may be made by percentage, class or property type. Changes in the aggregate assessment may be made by the State Board of Equaiization. The total of all changes made by the Local Board of Appeal and i, Equalization must not reduce the aggregate assessment by more than 1%. Should this occur, none of the changes of the Local Board will be accepted. This limitation does not apply to clerical corrections. The Local Board of Appeal and Equalization does not have the authority to reopen previous assessments. Homeowner's that received their 2007 tax statement in March, 2007, are not able to appeal the 2006 estimated market value listed on the notice. A motion to adjust the assessment or sustain the assessment should be made upon completion of discussion of each property. The board must complete its work within 20 days or receive a written extension from the Commissioner of Revenue. Any actions taken after 20 days without an authorized extension will be invaiid. The assessor's recommendation is to com lete all board business at the P first meeting, if possible. Should a second reconvene meetinq be necessarv, it must be held no later than Sunda�, Mav 20, 2007. Cases that the board feels may be too difficult or complex to decide may be affirmed. The property owner will then have the opportunity to continue on to the County Board of Appeal and Equalization held �I June 18, 2007. A property owner may also choose to appeal to the Minnesota Tax Gourt. The filing deadline for Tax Court for the 2007 assessment is April 30, 2008. sse��d�s �r-� Assessment Valuation Procedures Residential Sales occurring in the prescribed study period, Octaber 2005 through September 2006, are analyzed by camparing them to the previous assessment and the preliminary assessment in process. Adjustments are then made either �o the land values or to the computerized rate tables employed by the CAMA system in calculating the building values. This computer assisted mass appraisal system allows the assessor's office to value properties according to their individual characteristics. Examples of these characteristics include age, condition, size, style, amenities, functionality, and loca#ion. The preliminary final assessment is then analyzed statistically to ensure accuracy and uniformity. This process is greatly assisted by the relatively large sample of residential sales each year, giving the statistical analyses a high degree of reliability. The Brooklyn Center residential assessment falls well within all accepted rneasurement guidelines for mass appraisal accuracy and uniformity. Assessment Valuation Procedures Commercial Industrial The valuation af these properties is primarily accomplished through an analysis of the rental market, potential income, and the sale market. What are typical investor expectations? What are typical inv estor yield requirements for different market segments These are two key questions where market activity can provide some guidance. The potential market (economic) income to a property is best estimated by analyzing recent leases, rental listings, and published data like the Real Estate Tracking Service of the Minnesota Real Estate Journal and the Colliers Towle Report. All of these sources and more have been employed by the assessor's office to ensure that the current assessed values follow the market as closely as possible. Apartments The apartment assessment is based on a combination of market sale ac�ivity and analysis of the rental market. Even in years without adequate sale information, changes in rental rates and occupancy levels are valid, accurate measures of changes in market value. Apartments are sold primarily for their potential to generate future income for the buyer. Therefore, the analysis of the likely (economic) income is a proven and widely accepted approach to I, valuation. �J SS�� o 2006 Reinspection Program for the 2007 Assessment During the summer of 2006 our office conducted re-inspections for the 2007 assessment of the residential properties lacated North of 65th Avenue North and West of Palmer Lake. In addition to all single- famify homes located in the review area, commercial/industrial and apartment properties were reviewed. The summer inspection area involved the review of approximately 1,822 parcels. All parcels were inspected from the exterior and the assessor's office inspected the interior of 51 or 936 homes, who responded to tags and advance notification. The interior inspection percentage is down s(ightly from previous years, The review of new improvements added an additional 1602 permit reviews to the inspection total. We estimate that the total number of properties reviewed in 2006 was approximately 3,424. �I, 2007 Assessment Tax Capacity Payable in 2008 Property Type Breakdown Apartments 8% Commercial 21% N��. ��NN�� Residential ....�s.�.... �N� 0 ��N�� a 62 /o ':q•�.�' Industrial 9% Farm 0% p Apartments Commercial p lndustrial p Farm Residential This chart is an iliustration of the total tax capacity of $26,126,710 COMPARISON OF THE BROOKLYN CENTER ASSESSED VALUE BY PROPERTY TYPE 2005 to 2008 TAX PAYABLE YEARS TOTAL RAY PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE PROPERTY 2005 OF PAY 2005 2006 OF PAY 2006 2007 QF PAY 2007 2008 OF PAY 2006 TYPE VALUATtON VALUE VALUATION VALUE VAI.UATION VALUE VAI.UATION VALUE APARTMENT $172,816,000 8.89% $179,621,000 8.73% $174,430,300 8.31% $170,243,OQ0 7.76°!0 COMMERCIAL $300,974,200 45.47% $307,458,200 14.95% $265,482,900 12.65% $281,314,500 12.82% INDUSTRIAL $93,462,000 4.81% $101,157,500 4.92% $115,506,200 5.50% $124,335,700 5.67% RESIDENTIAL $1,377,358,800 70.82% $1,468,518,600 71.38% $1,542,631,600 73.51% $1,617,578,100 73.72% 'I I i FARM $385,000 0.02°Jo $435,000 0.02% $500,000 0.02% $650,000 0.03% TOTALS �1 �94d�996�000 $2�057�190�300 �2�088�551�000 �2�194�121�300 NOTE: Payable 2008 valuatioR totals are bassd on values as of March 9, 2007. Residential taxable market value total for 2Q07 pay 2008 was $9,609,771,600. Only .48%, or $7,806,500 of the residential estimated market value is excluded from taxation I dus to limited market value and the "This Old House" exclusion. There are 1,013 remaining residential properties in Brooklyn Center that wiil receive a limited market value for taxes payable in 2008. G:•1000 tNTV2pp3 to 200D e»�xW v. Prepared by Brooklyn Center Assessor's Office I oi�ai�nn� I COMPARISON OF THE BROOKLYN CENTER PROPERTY TAX BASE BY PROPERTY TYPE 2000 TO 2008 TAX YEARS TAX TAX TAX TAX TOTAL PAY PERCENTAG CAPACITY TOTAL PAY PERCENTAG CAPACITY TOTAL PAY PERCENTAGE CAPACITY CAPACIT PROPERTY 2006 TAX E OF 2006 CHANGE 2007 TAX E OF 2007 CHANGE 2008 TAX OF 2008 TAX CHANGE CHANGE TYPE CAPACITY TAX BASE (Percent) CAPACITY TAX BASE (Percent) CAPACIT1f BASE (Dollars) (Percent) APARTMENT $2,177,013 9.30% 0.73% $2,093,264 8.37% -3.85% $2,042,327 7.82% ($50,937) -2.49% COMMERCIAI $5,306,137 22.66% -10.30% $5,199,203 20.79°fo -2.02% $5,515,376 21.11% $316,173 5.73% INDUSTRIAL $1,988,076 8.49% 8.44% $2,275,694 9.10% 14.47% $2,450,740 9.38% $175,046 7.14% RESIDENTIAL $13,942,981 59.54% 14.48% $15,436,751 61.72% 10.71% $16,112,517 61.67%0 $675,766 4.19% FARM $4,350 0.02°!0 12.99% $5,000 0.02°/0 14.94% $5,750 0.02% $750 13.04% !i TOTALS a23,418,557 a25,009,912 a26,126,T10 i NOTE: Payable 2008 tax capacity and valuation totais are based on values as of March 9, 2007. Final adjustments due to administrative change orders, tax court stipulations and abatements may not be reflected. The taxable residential valuation for payable 2008 is $1,609,771,600. This reflects a reduction from the estima#ed market value of 7,806,500 due to Limited Maket Vafue and This Old House Exclusions. a ��rs�� 1 �s k 1 F 4 q x o �'a s f a 3 a t �i �e��'� x r��, s' ,y�, ;e� 4� t��S�3� u" y "�ew f�� a �,'h. �ri, �e �h+ r s' y ,s ��r� ;,E� �<p,.,�r.,3� M r� x v r y q �..,v c .a.� a P ...+J., N N% �Rb, r� ��r�F?� „��p, o City Wide All (inctudes ali property types) 3.30% (Excluding new construction) 3.10% City Wide Resid. (Singie Family Detached Only) 3.00% (Excluding new construction) 2.80% ia��1�'��+��"t�1�� S� 3 a i �'�C� c t �,r„F. s r''�t. �a" u'�. .Pr:� ��f a ,da' m�r� a <r n a-� a a •...p c� t r v^x�`�.`_ ,�u�.�:;�; b y �a�.� z;.:_._ y, .•J?:, k� ti:' s-t �z�. „-atfz ��w s'�r"„ tta"1 �t �t�'r>`""� i 2� t��#� �a f� x �a �a� y e, y r �s a,a z �s ��il'i�;��'�'t.��I�k��"i� 4 e`,�`�, ��Z�, �*�'a.�� .a,��. a4�'�� .�.Y�� :...&�7"��.�,?.,M k. f ,.4 �-r. �..r, ri"�' E z �F x o��i r x a �,d� v y'�F u.; �4fx s s _4� d i"�,�,.`�,�� ..,ua «;�w,.��:., +��P- �i�s�'�; ��i. K �`r� ;'e' ��✓�'�`I' �5�� 1� ��'��i ��i� �s'��,'�'� �a t ra Ili A mag, 't �d g d z�� i Z"' y ��,�`y,�`, i;R�: C-:'�.�„ .`.�'�';k .cr' s. �i3p"J!'��:. �1�., .�'�+��?4A�, n �4: s s t ,'�p ai at� t#'s�'�,+'�'��5 s �""s.. t3 �`u d F 7 �c,�E+�� r Kd ya ,s 'r C S y&? Y k k K Y� .Y „g r g n y�b� 3' b ji 1l� zi ��.m ��5��' g ?f� y j, J 't' r i k� Y/ i ��'?��z �k� �i� Q�.,.. 8 �ti�: r z `�s� i u� k: x, �a" y s �i w ,�4. ,�r,r,«.� a;�°� a M� �i,,�� r #50 #55 Residential Off Water 3.00% (excluding new construction) 2 80% F��'��1C�#'�� `+��t��1'�'��' r s y �r c 3��rt"�� k �^'z'� �t'wr'� o�. e� r J��,�'�� y r y L �d 3` 5 �`d �C��'�fi "r r `,6r 3�� N t 7� i� r' .*.x�' 1 3 �e`�� Az� s i �rY��1��'r �v�'�'� '�<t `�`�f� �T z�� 4�Y�.,t<. i,k� "'r a c u nx i �.r::#e. _..?P7� ix ,..;.%�z„ ,.�:?3' �us r v�A��,� 3 l36PilU�1AMl1'.d'l�:.M1nri�y�Y!s RESIDENTIAL SALE INFORMATION FROM REALTORS MLS SYSTEM CITY OF BROOKLYN CENTER, MN NUMBER OF AVERAGE CHANGE MEDIAN SALE u�o �,HANGE SALES SALE PRICE PRICE 2001 452 �142,706 11.09% a144,900 0.66% 2002 444 a157,313 10.24% �157,600 8.76% 2003 567 $169,248 7.59% $169,900 7.80% 2004 558 �183,300 8.30% �183,500 5,00% 2005 482 �194,124 5.91%0 �195,000 6.27% 2006 434 �191,323 4.38% $192,925 5.14% 2007 36 $200,136 4.61% $200,500 3.93°/a MLS statistics are based on information from the Regional Multiple Lis#ing Service of Minnesota, Ine. for the period 1998 through 2006. AN residential data reported includes townhomes and condominiums. Sale information reported by RMLS does not exclude forced and bank sales. Average January 2006 assessed value of residential, townhome and condominium homes in Brooklyn center is $189,553 Average January 2007 assessed value of residential, townhome and condominium homes in Brooklyn center is $195,200 COMMERCIAL AND INDUSTRIAL ANALYSIS 2006 VS. 2007 2006 2007 New chanqa chang� Type of PropeAV EMV Totals EMV Totals Conat►uction EzcludMg hnprov. lecluding Improv. Auto Gas Statfon SI1.009,300 511,3oS,300 SO 2J% 2.7% Auto Dealei'S S26,261,900 S27 743,500 SO 5 6% 5.6% Banks 55,188,700 55,495,800 SO 5.9% 5.9°/ Bowling 51,480,000 31,500,000 SO 1.4% 1.4% Day Cafe 5726,000 5737,000 SO 1.5% 1.5% Fast-Food 54,692,00o S5,222,000 5895,000. .7.8% 11.3% Funerel Home 5699,900 S763,500 SO 9.1% 9.1% Greenhouse I Farm I House S980,200 51,143,300 52,600 16.4% 16.6% HealthClub S5,450,000 S5450000 _$0 0.0% O.o% Hotei/ Motei 527,922.000 531,246,000 SO ll.9% (1.9% MediCel O(flee 510,853,100 512,095,200 SO 11.4% 11.4% i OffiC9 Lerg! 532,022,700 535�199�100 5�5.000 9.7% 9.9% Offlce Small St2,964,400 513,976,100 580.700 71% 7.8% Office Condominiums 52,118,000 $2,214,000 SO 4.5% 4.5% Restaurant 510,396,000 510,662,00o SO 2.6% 2.6% Retail wJAnchors __$60,629,000 563,7?4,000 $450,000 4.4% S.t% Shoppi�$Centers S32,364,800 S33,i37,300 585,000 21% 2.4% Theater 511,965,000__ 512,325,400 SO 3.0% 3.0% Vacant �and S4 137,300 ___..._..._S4 416,000 _6.7% 6.'N/o I Vete►inary 5439,000 5444,000 $0 ?3% 23% Cornmercial Total �262,304;300 5278,804,500 S1,S88,300 SJ% 6.3°h Industflal North $75,885,000 583,473,400 SO 10.0% (0.0°Jo Industrial South �35,984,000 540,709.I00 $0 4.7% 4.7Yo Indust�iSlTotei Sll4,769,000 5124,182.500 SO 8.2% 8.2% Totsl C do F/4saessment 5377.073,300 5402,987,000 51.588,300 6.5°/s 6.9°F City of Brooklyn Center Apartment Assessment Details APARTMENT ANALYSIS 2007 VS. 2006 Change 2007 Average 2006 Average 2007 EMV Totals 2006 EMV Totals New Construction Excluding improv. Average EMV EMV Per Unit EMV Per Unit 4-5 UMits $7,612,OOd $7�926,Q00 $0 -4.0% $380,600 $95,15b $99,Q50 6-8 Units �2,406,040 �2,476,000 �0 -2.8% �481,200 570,765 �72,824 10-12 Units $8,186,000 $8,351,OQ0 $0 -2.0% $629,700 $56,068 $57,200 18-36 Units 511,078,000 511,459,Od0 $0 -3.3% �1,384,750 $55,390 �57,355 I 48-75 Units $29,669,000 $30,902,000 SO -4.0% $3,296,556 $49,531 $51,600 i 76 $111,211,000 $112,462,300 $0 -0.8% �6,950,688 $49,848 �52,294 To#at Apartment asmt 5170,162,000 �173,176,300 �0 -1.7%� �13,123,494 �62,792 �65;054 Total Co-Op Asmt (1 Compiex-112 Units) $7,577,200 $7,677,200 S0 0.0% �7,67'7,200 �68,546 �68,546 Appearances by Taxpayers with Appointments 1. Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions to the owner regarding the market value or classification. 2. Assessor's statement of value or classification and presentation of factual information regarding fhe property. Questions addressed to the Assessor. I 3. Action by the Local Board of Appeal and Equalization: Make No Change Reduce the 2007 estimated market value Increase the 2007 estimated market value If the owner is not satisfied with the outeome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalizat�on. Appearances by taxpayers without an appointment The following format is recommended for each walk-in appeal. Please state owner(s) name and address. 1, Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner. 2. Assessor's statement of estimated market value or classification and presenfation of factual information regarding the property. Questions addressed to the Assessor. 'I 3. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: Refer the appeal #o the Assessor's office for an interior review of the property and Assessor's recommendation at a Local Board reconvene meeting within 20 days. Make no change and sustain the 2006 estimated market value or ctassification. lf the owner is not satisfied with the outcome of the Loca/ Board of Appeal they may appeal to the County Board of Appeal and Equalization. Consideration of Written Appeals The following format is recommended for each written appeal. Please state owner(s) name and address. 1. Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. 2. Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor 3. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: Refer the appeal to the Assessor's office for an interior review of the I� property and Assessor's recommendation at a Locat Board reconvene I meeting within 20 days. Make no change and sustain the 2007 estimated market value or classification. If the owner is not satisfied with the outcome of the Local Board of Appeal they may appeal to the County Baard of Appeal and Equalization. Set the date of the Local Board of Appeal and Equalization reconvene meeting. The Local Board of Appeal and Equalization must reconvene by May 20, 2007, if a reconvene is necessary Review Of 3613 Violet Ave PID#27 119 21 42 0126 For Randy Bennett 2007 Board of Appeal and Equalization �i' �hk�w i 7 y '4� f �?r s �q y r v w„ r v a a 1 i^4� i i V� v ��i��'� i .�t �rm 8� �ly�p I'r, i J �EY�' r ,t ��4� r� ar >a.. .0 �3 t n r� E p S I z �i h& Po* I City of Brooklyn Center A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Randy Bennett 3613 Violet Ave Brooklyn Center, MN 55429 Mr. Bennett contacted our office regarding the 2007 valuation notice. His concern was the valuation of his home located at 3613 Violet Ave. He felt the 2007 estimated market value of $194,000 did not represent what his property would sell for on the market. Mr. Bennett was informed that his property had been assumed for the 2007 assessment based on his request. He was directed to schedule an interior review with an appraiser and have a market analysis completed by a local realtor. The Assessor's office received market information from Mr. Bennett April 12` 2007. The material Mr. Bennet submitted has been included in your information packet. An appraiser from the Assessor's office reviewed Mr. Bennett's property on March 2g` 2007 and made several changes to characteristics. These changes represented a valuation reduction of $2,600 to the property. Mr. Bennett was contacted by phone with an offer to lower his 2007 estimated market value to $191,400. Mr. Bennett declined this offer and instead indicated his intention to appeal his 2007 estimated market value. In reviewing sales of comparable properties, Mr. Bennett's 20U7 estimated market value of $194,000 falls within the indicated range of adjusted sales. The enclosed grid indicates a value range for the subject of $191,300 to $204,800. It is staff's recommendation to reduce the 2007 estimated market value of $194,000 to $191,400 for taxes payable in 2008. This reduction reflects the most up to date property characteristic information. Mr. Bennett is no longer receiving limited market value for taxes payable in 2008. Respectfully, �,�Y� G�� Nancy Wojcik, SAMA City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Braoklyn Center, MN 55430-2199 (�63) 569-3400 City Hall TDD Number (763) 569-3300 FAX (763) 569-3434 FAX {763) 569-3494 ww w, cityo f6�•oo]zlyncente�: org SUBJECT PROPERTY 3613 Violet Ave Randy Bennett PID# 27 119 21 42 0126 d" w �4 j' :.,3 �r '��'s�s a "`,s v�i�: ��J �F k __a s' i j ��i.. r r.,. K. �5�:'.�� ,.0 Y� z y r `m'�"' 3� A Land Characteristics Land Area 8,904 sq. ft. 2007 Land Value 58 300 2007 Bldg. Value 135,700 TOTAL 2007 EMV $194,000 Building Characteristics Style: Rambler 1,000 sq. ft. 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M n i 'r Y s q¢ If *�.t G i e�: r /l x'�� i� f' `iW� n� �t� //�3� 4 R i b M .11 ,.i: e�� wM i r k"^�� IF 44:^ i R i t k ti �e<� t ��i #4 �6" a s 1 I 1 I 1� it :1 It .4 d 8 d /��ya�+: 4 5 �1.. City of Brooklyn Center PID: 27-119-21-42-0126 Property Type: R- Residential Residentiai Field Card Property Address: 3613 Violet Ave Zoning: Rl Printed: 4/18/2007 Lot Block: 003 002 Dwelling Type: Single Family Assessment Year: 2007 Addition: Palmer La1ce Terrace 3rd Addition Owner(s): Randy Bennett Version: 1 District: Model: Neighborhood: 0051 Helen Bennett c�� r� �u� r,,,., i?" i I i r� I a ..;a. i: P?�o[ C�w� �lQual� 3 Total ��ms' I�iime�rsii�iis: fl":' ',�P�..�.., r:c, z ,,,;g„� r.�,2�.�. c��. i r' ��i ,,,,r, ..�v �,r. i hh/Hiii/� ��.�i, Zoning: Rl Partial Const Pool 1 Area: Spa: Interior. �t�gx� '�yx��j �'f Area Rating: Very Good Model: Quality: Dlx: Trim: Bedrooms: 2 40 25 1000 Site Rating: Good Dwelling Type Single Family Poo12 Area: Full: 1/ Very Good Floor. Baths: 2 0 0 0 Land Quality: Adjacent Property: Equal Quality: 3/4: Avg. Cleaz. Height: Family: 1 0 0 0 Contamination: View: Equal 1/2; of Fireplaces: Living: 1 0 0 0 Flood Plain Map Ref: Arch./Appeal: Average �p��y �pu�k Fplc. Quality: Dining: 1 0 0 0 PUD Ref: Quality: B�7 Bedrooms: 2 31r� Baths #I �1�, Kitchen: 1 0 0 0 Q Allowable Units Shape: Square Baths: 1 S pa: Other: 0 0 0 0 Excess Land (SqFt): Style: One LeveURambler Family: Dlx: Total: 6 Zoning Variance: N Construction: Wood Frame Living 1 Full: Frontage: Exterior Walis Stucco Left Side: Exterior Trim: Wood �S��t�� Dining: 1 3�q p� Kitchen: 1 1/2: ti.. �.....f Rear Side: Roof Type: Gable Area (SqFt). 1,000 Other Date: 04/O1/2004 Right Side: Roof Cover. Shingles Type: Regulaz Total Rooms 5 9 Pr�ce: $36,000 Effective Width: 78 Window Type 1: Double Hung Finished 50 Bedrooms. Code: 99 Effective Depth 116 Window Type2: Awning Quality: Average Baths: Desc: Conversion-X Sales Effective Water. 0 Air Conditioning: Yes of Fireplaces: Interior. Other: Trim: Total Rooms: ac�w��p"��.. %�i%�, �`:y�;�a�, b... Properry Area (SqFt): 9,048 Dormer Length Fplc. Quality: Acreage: Dormer Quality: Avg. Cleaz. Height Floor. Appraiser ID: 21 Park: Patio Doors: 1 Elec. Svc: Standazd Avg. Cleaz. Height: f3,;;;,3 Appraisal Date: 03/28/2007 Park Quality: Htg. Svc: Forced air, gas fired of Fireplaces: Res. Cond: Average Reason: Appeal Int La out Standard On Lake: W.O. Type: Fplc Quality Y Result Intenor �ar �#1 Lake Quality: �a' W.O. uali Manual Assess: N Q "�`��4��1� ��{�l��A,� 3� i r m'9*gi 3 On River: Placement Detached Actual Age: 1959 River Quality: of Cars: 2 Spa� Effective Age: 1980 A ..A a�� D� �.s„�a �'�%x�� Landscape Quality: Average Floor Area 480 ��ISem�snt��ls (#/Qµ��,� Dlx: Renovated Age: PP Condition: Fair gp 3/q�� Functional�%: Appraisal Date: Exterior Walls Wood D� Economic /o G a t�� J1, Full: 1/2: ��angz��S Reason: Unfin. lst GBA: Placement 3/4: of Cars: 1/2 1/ Very Good Bedrooms: Unfin. 2nd GBA: Result Baths: Gas Floor Area $as��' �t�m, Ct��1tlt Unfin. 3rd GBA: Condition: Bedrooms: Other: Unfin. GBA: Left Tag Yes No Extenor Walls. Total Rooms: Paved Street Baths: 1 lst Floor Area 1,000 Sewer Available Family: 1 2nd Floor Area 3: a,,,,,,,,, 3%,��1; n, xu Glazed Area Kitchen: 3rd Floor Area Value: Water Available Quality: Other: Total GBA 1,000 Desc: Screened Area Total Rooms: 1 Quality: ,�u�� r ��li,,,,, �I n�,';,1, i/� L+I�kIlIY1�71� ��.a✓�/�y �a. .�...F'� i .�sas� ^r�'m,. �'r�°�,x Z��'��►��s Open Area: Kitchen Rating: Standazd CARRIER—F. BOTH�BATHS UPDATED CT. ORIG WINDS, NO WRAP FAIR CONI3'NEED PAINT. ORIG Quahty: Interior. Sheetrock EXT AVG. GAR SIDINGdROTTING, ROOF SAG=FAIR EAT IN GALLEY KITCI-� ORIG CABS. Trim: Hazdwood INTERIOR HAS SOME DBF MAINT=1980 EA. BSMT FIN T&G PANELINC3 SHEETROCK CEIL. Patio 1 Area: Floor. Wood 07VALUE APPEAL. Quality: Avg. Cleaz. Height: Patio 2 Area: of Fireplaces: Quality: Fplc. Quality: �i�Ck Deck 1 Area: 210 Quality: Average Deck 2 Area: Quality: City of Brooklyn Center PID; 27-119-21-42-0126 Property Type: R- Residential Residential Field Card Property Address: 3613 Violet Ave Zoning: Rl Printed: 4/18(2007 Lot f Block: 003/002 Dwelling Type: Single Family Assessment Year: 2007 Addition: Palmer Lake Terrace 3rd Addition Owner(s): Randy Bennett Version: 1 District: Helen Bennett Model: Neighborhood: 0051 1: t�� q DECI4 20' 214' ;e'� v xz" 40' r„� i� r u yy Garage �n�i i 48d First Floor 6 20' 1000' 40' 4U' Basemerrt 7000' 40' Sketch by aapex IN""' RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID APPRAISAL OF 3F>� 3 VIOI2t AV2 Brooklyn Center PID#27 T 19 21 42 0126 2% averaqe rambler growth from 2006 to 2007 annually SUBJECT COMP. #1 COMP. #2 COMP. #3 NAME Randy Bennett NAME ,4DDRESS 3613 Violet Ave 6231 Quail Ave N 3621 Violet Ave 5661 Northport Dr ADDRESS PID 27 119 21 42 0126 33 119 21 44 0025 27 119 21 42 0124 03 718 21 13 0055 PID SALEPRICE $�97 $Z�rJ�70� $'�97�7�� SALEPRICE Finaneing Adjustmerk �$6 ,171) Financing Atljustment Sale Price (Adjusted for Finance) ShcO P►iCe SALEDATE $197 $199,529 $197 ,700 (AdjustedforFinance) May-06 Oct-06 ApF-OG SALE DATE Sale Price (Adiusted for Timel y199,300 Sale Price I LOCATIOM AVERAGE AVERAGE a203,500 $200,300 (Adjusted for Time) AVERAGE AVERAGE I �ocarioN LOT SIZE 8,904SF 10,125SF 10,240SF 11,025SF LOT SIZE STYLE RAMBLER RAMBLER RAMBLER RAMBLER Isrr� SIZE (s.f Above Grade 1,OOOSF I 5/ 2 1000SF 5/ 2 1000SF 5/ 3 1000SF 5/ 3 I SIZE (s.f.) A6ove Grade Room Courk BR I Ro om Count BR I nsove GRO enrHS 1 FULL 1 FULL 1 FULL 1 FULL I qBOVE GRD BqTHS UILT 1959 1958 1959 1955 YEAR BUILT CONDITION AVERAGE ABOVE AVERAGE �§3,000) ABOVE AVERAGE (E3,000) AVERAGE CONDITION I FIREPLACES NONE 7 (a2,000j NONE NONE FIREPLACES HEAT AIR C. GFA/CAC GFA/CAC GFA/CAC GFA/CAC HEAT AIR C. BSMT FULL FUIL FULL FULL BSMT BSMT BSMT FIN/RMS/BATHS 50% 1/.75 BATH 50 3/.75 75%! 2/ J5 BATH ($4,000) 50% 2/.75 BATH FIN/RMS/BATHS GARAGE (#cars) 2 CAR DETACHED 2 CAR DETACHED 2 CAR DETACHED 1 CAR DETACHED $4,000 GARAGE (#cars) AMENITIES DECK PATIO DR PATIO PATIO DR NONE §1,000 NONE a1,000 AMENITIES REMODELING REMODELING OTHER NONTYPICAL WALKOUT ($3,000) SHED �5500), OTHER Net Adjustment -8000 -6000 4500 Net Adjustment I Indicated Value $194 ,000 $191,300 $197,500 $204,800 �Valuation Reconciliation: Value Ranqe $191.300 to $204.800. Recommendation: Reduce EMV to $191.400 COMMENTS: Subject property is located on Violet Ave in an area of similar homes. Subject property is a 1000 square foot rambler in average condition built in 1959. The exterior of the property is original, with a deck and patio door added off the dining room. The garage structure shows signs of deferred maintenance to the siding. The interior of the home is in average general condition. Both bathrooms have been updated with newer ceramic tile. The basement is 1/2 finished with a family room and 3/4 bath. Basement finishing is tongue in groove paneling with a sheetrock ceiling. The property could use general maintenance, is in need of paint, would benefit from new flooring or refinishing of the original hard wood floors. An appraiser from the assessor's office physically reviewed the property March 28, 2007. Based on the physical characteristics of the property and current market conditions, a value reduction of $2,600 was offered to Mr. Bennett. This reduction would reduce his 2007 estimated market value to $191,400. 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L Chm� t►-t w��.n:"=_77 r mmc mmu.,.,� _.J: wuieii: :iii�r u��. u�' Cu 'e C": '7 C� iiiiininmm iiunn�n. �iiiiiii: ?3 iiiiiii iilllpl'. ��iiii iiiiuii o �tI 7•�uuu•�C'c"-� 1'�n�ury I un\��u�unn. `c""� 1� �{IIIIII: �t1111/ ��111�I' IItIeIi •�t 1�1��+ Itlll lllll II �mqq': c nVt� �u n nv�� p �ii uu�� fi il\ 4 numu q uoJ p �i�� un iqm��mu �'r�r.J:�:�7� �Ilc j=:=-- t ?Un,��, ��,��„�,r _::i av .�unuuL _n c c- ?3 =-Unu :�7'�-" �It1�1� .===--=--'=i €::;s :u -u- Eo' e'= 5 ��Su'�'ulluuu==a I `p• �u un�� cc c_'c i L ii�� C '1 -a e- -C '::�C i�-iiii� _'e �I-� 3 �r,� _"��_:�.:��i: iiiiiii i j`I\'' C ".n �-1�,�rs�� 1 .r 1��1111�• �11 �111111l�: 'i 1_��_it1�1� 1 �111 nlnPUm1 7c i�i G il�- ul �dl�'� uun ui umnnu�mr. al: nu�� Go•;•• e e' en ��•wul�\:'•.►• r ':�n'.� e —"'c mn�� ::uwnulNl:_� in7uiim� o' c- -"_:-'='_'_=--c c= 1�Ir 1�111111111111"i� 1111111u1 �11 /1111 IIIIII\ Il��i� �\.�i:��' 1 I ��r.� \�Iti�'�_ �1��'��I�� -��IIIIIIII IM�_-.��nmuu u�w u `IIp11t111111 �i ii .•d��== IIIII/ o i: '=`=„'=''s �iiiii u�u� 1 ,.;��%5.-_ •/minu aiii `i 1 =amm COMPARABLE SALES PHOTOS Comparable 1 6231 Quail Ave N i PID# 33 119 21 44 0025 I �.q.: d r �r�.. r �t I ''�`c�• y Land Characteristics Land Area: 10,125 sq. ft. Sold: May, 2006 Sale Price: $197,000 Building Characteristics Style: Rambler 1,000 sq. ft. Main Level Room Count 5/ 2/ 1 Full Bath Below Grade Room Count: 3/ 0/.75 Bath Garage: 2 Car Attached Fireplace: 1 Porches/Decks/Misc.: Patio and Patio Door I COMPARABLE SALE PH S OTOS Comparable 2 3621 Violet Ave PID# 27 119 21 42 0124 a�� y„ r i 3,., ��P�d a�� e r S C`� :a� �s' d r ��i�. v� �t f q I �i �4 �r`'� s�" w I u u r,uv 6 I 4 I��p��iPl�il��P9��W' ��k 4�� I Land Characteristics Land Area: 10,240sq. ft. Sold: October, 2006 Sale Price: $205,700 I Buildin Charac ri i g te st cs Style: Rambler 1,000 sq. ft. Main Level Room Count 5/ 3/ 1 Full Bath Below Grade Room Count: 2/ 0/.75 Bath Garage: 2 Car Detached Fireplace: None Porches/Decks/Misc.: None I s COMPARABLE SALES PHOTOS Comparable 3 5661 Northport Dr PID# 03 118 21 13 0055 i I I -a e, I Land Characteristics Land Area: 11,025 sq. ft. Sold: Aprit, 2006 Sale Price: $197,700 Building Characteristics Style: Rambler 1,000 sq. ft. Main Level Room Count 5/ 3/ 1 Full Bath Below Grade Room Count: 2/ 0/.75 Bath Garage: 1 Car Detached Fireplace: None Porches/Decks/Misc.: Shed Nlcholos Cynthiv Friendly One-on-One Service A Strong Negotiation Team Home Buying/Selling Guidance Good Listeners Personatized Marketing Pxogram Double the Real Estate Experience Home Staging Advice A Friends6ip that goes beyond the Sale Multiple Listin Service Clear Education and Advice g Open Houses Easy Home Searc6ing Free Market Analysis Showing Specalists Lender Search Assistaace The only team you will ever want e a r� e a e e ai The Montgomery-Gonzalez Team Nicholas J. Montgomery C n y thia Montgomery-Gonzalez REALTORS� Cynthia Cell 763-286-G798 E A T Y Nicholas CeN 763-286-1295 Fax 763-862-6995 nmorrtgomery�marketlinkrealty.com cynthiamontgomery�marketlinkreaity.c�n j j e C.ompara�ive M�rk t An-atysi� March 30, 2007 Summary of Comparable Listings This pa9e summarizes the comparable listings contained in this market anatysis. Active Listings Address Price Bds Bth TFSF �/Sq FS1ze Built Style List Date DOM 5=3613 Violet Ave p be 2 1,900 1,000 1959 3507 Woodbine Lane $184,900 2 1 1402 $132 960 1958 ONEST 03/15/2007 15 6925 Grimes Avenue $214,500 4 2 1850 $116 1,100 1964 ONEST 03/20/2007 10 7131 Halifax Avenue �234,900 6 3 1940 ;121 1,012 1956 ONEST 01/24/2007 65 Averagea: #21i,433 4.0 2.0 1731 �123 1,024 1960 3� Pending Listings Address P�ice Bds Bth TFSF ;/Sq FSize Built Style Off Market DpM 5=3613 V/oler Ave q be 2 1,900 I,ODO 1959 4000 715t Avenue $179,900 3 2 1650 $109 1,000 1957 ONEST 02/25/2007 86 Averages: $179,900 3.0 2.0 1650 ;109 2,000 1957 g� Sold Listings Address Price Bds Bth TFSp �/gq F51ze Butit Style Sold Date DOM S=3613 Vfolet Ave p be 2 2,900 1,000 2939 7142 Grimes Avenue $191,900 3 2 2400 ;137 1,000 1957 ONEST li/15/2006 30 4200 Woodbine Lane $200,000 3 2 1923 ;104 996 1959 f�NEST 12J15/2006 32 7107 W Paimer Lake Circle ;208,000 4 2 1670 ;125 1,056 1959 ONEST il/15J2006 18 7118 MajorAvenue �220,000 3 1 1460 ;151 996 1958 ONEST 11/27/2006 48 7313 Kyle Avenue $237,500 3 2 1944 �122 1,064 1958 ONEST 09/21/2006 15 Averayes: #211,480 3.0 1.8 1679 �128 1,022 1958 Z9 Median of Comparable Ustings: #208,000 Average of Comparable Ustings: ;207,958 On Average, the 'Sold' status comparable listings sold in 28.60 days for;211,480 Nicholas Moat�omery A ComparaHve 1Narket AnaJysis 763-286-129� April 03, 2007 �om �ra�i�e i Ma ric t An-al s i s p i CMA Price Adjustments This page outlines the subject property versus comparables properties. w �:rF.-!� 1.. a� v� SubJect Prope�t�r Detalls Adjust Details Adjust MLS#: 3343007 3345574 Status: Soid Aetive Actfve Address: 3613 Violet Ave 3507 Woodtrine Lane N 6925 Grimes Avenue N SchDist: Osseo 0 Osseo p Map: 78A3 0 78A4 0 LstPrc: $184,900 0 $214,500 p SldPrc: $U 0 $0 0 ORMrkt: 0 p DtClsd: p p DOM: 19 0 14 p Bedrms: 2- 1 nonconforming bedroom in b� 2 0 4 -6 000 Bthrms: Z 1 5,000 2 �0 Sty1e; One Story (SF� One Story 0 (5F) One Story 0 TotSqft: 1,900 14Q2 7,500 1850 0 AbvSqft: 1, 000 960 0 1,100 0 BIwSqR: 900 442 0 750 0 6r�Stls: 2 2 0 1 5,000 PrkChar: Detached Garage Garage Door Opener 0 Attached Garage, -10,OOQ Driveway Asphalt, Yr Built: 1959 1958 0 1964 0 Uc/YYt: none p p Lot Sz: 79x118x79x115 75x127x90 0 �Sx135 0 Acros: 0.00 0 0.24 0 FdM St: 1,000 960 2,000 1,100 -5,000 Ex� Stucco Stucco 0 Brick/Stone, Stucco -750 Raof: Age Over 8 years Age Over 8 Years 0 Age Over 8 Years, Asphaft Shii 0 #tFplcs; 0 0 0 1 -2,000 Bsm� Fult Flnished .Livible Finished (Uvable), Full 0 Egress Windows, -2,000 Finished (livable), Fuil Amenit: Hardwood Floors, Ceramic Deck, Hardwood Floors, -4,000 p Tlle Bath, Kitchen Window General Conditi Tough Shape needs repairs, Moid Very Ciean, Freshly Painted, -10,040 Fully remodeled! Beautifully I -15,000 Mechanlwls Forced Air New Central Air Forced Air Central Air 0 Forced Air Centrat Air 0 Conditlon of Wii Ong Windows Original Windows 0 Some Newer Windows -2,000 Hazardous item Mold No Mold issues -10,000 No Mold issues -10,000 Price: 184,900 �214,500 Totai Adjustrt�ents: ;-9,500 �-47,750 Adjusted Price: $175,400 �166,750 A Comparative Market Analysis Nicholaa MoM�gomery 763-286-1295 i A hl 03, 2007 C�om a.rative ��Ma rk t An aiys i� p .f p CMA Price Adjustments This page outlines the subject property versus comparables propertfes. �w -�t;-� 4.. Subject Propert�r Detaiis Adjust Details Adjust MLSak: 3318695 3294862 ��s; Sold Adive Sold Address: 3613 Violet Ave 7131 Halifax Avenue N 4000 71st Avenue N SchDiat: Osseo 0 Osseo p Map: 78a3 0 78A3 0 L,stprc; $234;900 0 $1�9,90� 0 SId.Prc: $0 0 $179,900 0 OffMrkt: 0 02J25/2007 0 DtClsd: 0 03/30/2007 0 DOM: 69 0 8b 0 Badrm�; 2- 1 nonconforming bedroom In b� 6 -10,000 3 -3,000 Bthrms: 2 3 -5,000 2 0 �y�; One Story (SF) One Story 0 (SF) One Story 0 TotSqft: 1,900 1940 0 1650 2,000 AbvSqft: 1,000 1,012 0 1,000 0 BIwSc�1t: 900 928 0 650 0 OrpStls: Z 2 0 1 5,000 PrkChar: Detached Garage Detached Garage Detached Garage, Drivewey Concrete, Yr BuiR: 1959 1958 0 1957 0 tk/VYt: none p p Lot Szt 79x118x79x115 75x182x76x167 -7,500 75X135 0 Acres: 0.00 0 0.00 0 Fdtn Sr. 1,000 1,012 -600 1,000 0 Ext; Stucco Metal/Vinyl 0 Rber 8oard 1,000 Age Over 8 years Age 8 Years or Less -5,000 Asphalt Shingies 0 #Fpics: 0 2 -3,000 0 0 Bsm� Full Finished Livible Finished (Livable), Fuil 0 Finished {Livable), Full 0 Amenit: Hardwood Floors, Ceramic Deck, Hardwood Floors, -7,500 Hardwood Floors, Kitehen Tile Bath, In-Ground Sprinkler, Window, Patio, General Conditl� Tough Shape needs repairs, Mold Completely updated home wi -15,000 New Appliances -7,500 Mechanicals Forced Alr New Centrai Air Forced Air Central Air 0 Forced Air Central Air 0 Condition of Wii Orig Windows New Windows -5,000 Original Windows 0 Hazardous item Mold No Mold Issues -10,000 No Mold Issues -10,000 Price: �234,900 $179,900 Total Adjustmen�: ;-6g,6p0 ;-12,500 Adjusted Price: ;166,300 ;167,400 Nichalas Mont9omery A Comparative Market Analysis 763-286-1295 A, y Cc�m �ra�ive �[ari��t Anat SI� April 03 z�� Y CMA Price Adjustments This page outlines [he subJect properry versus comparables properties. Subject Property Details Adjuat Details Adjust MLS#: 3271025 3287702 ��s; Sold Sold Sold Address: 36i3 Violet Ave 7142 Grimes Avenue N 4200 Woodbine Lane N SchDist: Osseo 0 Osseo 0 Map: 78A3 0 78A3 0 Lstprc: $188,900 0 $199,900 0 SldPrr. $191,900 0 $200,000 0 OffMMtt: 10/21/2006 0 11/28/2006 0 D��; 11/15/2006 0 12/15/2006 0 DOM: 30 0 32 0 Bedrmz: 2- 1 nonconforming bedroom in b� 3 -3,000 3 -5,500 Bthrm�: 2 2 0 2 p �y�e; One Story (SF) One Story 0 (SF� One Story 0 TotSqR: 1,900 1400 7,500 1923 0 AbvSqR: 1,000 1,000 0 1,221 0 BIwSqR: 900 400 U 702 0 Ar�Stls: Z 2 0 2 0 PrkChar. Detached Garage Detached Garage, Detached Garage, Driveway Concrete, Garage Door Opener Yr Buflt: 1959 1957 0 1959 d Lk/Wt; none 0 0 Lot gz: 79x118x79x115 75X133 -5,000 75 x 132 -2,500 Acres: 0.00 0 0.00 0 Fdtn Sz: 1,000 1,000 0 996 200 F.x� Stucco Shakes 1,000 Wood 2,000 Roof: Age Over 8 years Asphalt Shingles 0 Age 8 Years or Less, Asphalt 5-5,000 #Fplcs: 0 0 0 0 0 Bsm� Full Finished Livible Finished (Livable), Full 0 Finished (Livablej, Full 0 Amenit: Mardwood Fioors, Ceramic Deck, Hardwood Floors, -4,000 Hardwood Floors, Kitchen -2,500 Tile Bath, Kitchen Window, Window, Naturel General Conditi� Tough Shape needs repairs; Mold Very Ciean, Freshly Painted, -7,500 Very Clean, Freshly Painted, -10,000 Mechanicals Forced Air New Central Air Forced Air Central Air 0 Forced Air Central Air• 0 Condition of Wii Orig Windows Original Windows 0 Originai Windows 0 Hazardous item Mold No Mold Issues -10,000 No Mold Issues -10,000 Price: ;191,900 ;200,000 Tota! Adjustrnants: ;-21,000 ;-33,300 Ildjusted PricE: �170,900 166, 700 Nichotas Montgomery A Comparative Market Analysis 763-286-1295 r i April 03, 2007 Comp�rative Mark Analys�� a CMA Price Adjustments This page outlines the subject property versus comparabJes properties. T- y �f i r A. Ae.' 4'3�'1 M•!:: �1 Subject Propert�► Details Adjust Datails Adjust MLS#: 3267757 3266113 Status: Soid Sold Soid Addreas: 3613 Violet Ave 7107 W Palmer Lake Circle 7118 Major Avenue N SchDist: Osseo 0 Osseo 0 �ap 78a3 0 78A3 0 LsMrc: $209,900 0 $215,000 0 SldPrc: $208,000 0 $220,000 0 pKM� 10/02/2006 0 10/19/2006 0 p�� 11/15/2006 0 11/27/2006 0 DOM: 18 0 48 0 g��; 2- 1 nonconforming bedroom in b� 4 -6,000 3 -5,000 Bthrms: 2 2 0 1 5,000 g�y�e; One Story (S� One Story 0 (SF) One Story 0 TotSqR: 1,900 1670 5,500 1460 7,500 Abysq}t; 1,000 1,216 0 996 0 BIwSqR; �0 454 0 464 0 GrpStls: 2 2 0 2 -2,500 PrkChar: Detached Garage Attached Garage, -10,000 Detached Garage 0 Drivewa As halt Y P Yr Buiit: 1959 1959 0 1958 0 �/ryt; none 0 0 �,p� 79x118x79xi15 120x86x129x75 75x141x75x143 -5,000 I' Acr�: 0.23 0 0.00 0 g=; 1,000 1,056 -2,800 996 200 Stucco Brick/Stone, Stucco -750 Brick/Stone, Metat/Yinyl -750 R�; Age Over B years Age 8 Years or Less, Asphalt S-5,000 0 �Fplca: 0 1 -2,000 0 0 gsm� Full F(nished Llvible Egress Windows, -2,0�0 Finished (Livable), Full 0 Finished (Livable), Full Amenit: Hardwood Floors, Ceramic Hardwood Floors, Kitchen 0 Deck, Kitchen Window, -4,000 Tile Bath, Window, Multiple Phone Patio General Conditi� Tough Shape needs repairs, Mold Very Clean, Updated Kitchen -10,000 Fresh paint throughout, new -30,Q00 Mechanicals Forced Air New Central Air Forced Air Central Air 0 New Forced Air New Centra -1,000 Condition of Wii Orig Windows Originai Windows 0 New Windows -5,000 Hazardous item Mold No Mo�d Issues -10,000 Mo Mold Issues -10,OU0 Price: ;208,000 ;220.000 Total Adjushne�: �-43,050 ;-50,550 Adjusted Price: �164,950 �169,450 Nicholas Montgomery A Com rative Market Anal s' pa y is 763-286-1295 i :Y Ap�11 03, 2007 C-om arative Mark t A�a.t s�s p y I CMA Price Adjustments This page outlines the subjecC property versus comparables properties. Subject Property Detalls Adjust MLS#: 3259587 Status: Sold Sold Addcess: 3613 Vlo{et Ave 7313 Kyle Avenue N SchDist: Osseo 0 �p; 78A3 0 L.stPrc: $224, 900 p SldPrc: $237, 500 0 OftMrkt: 09/13/2006 0 p��; 09/21/2006 0 DOM: 15 p Bedrms: 2- 1 nonconforming bedroom,ln b, 3 -3,000 Bthrma: 2 2 0 �y��; One Story (SF) One Story 0 TotSqft: 1,900 1944 0 Ab�vSqft: 1,000 1,064 0 BIwSqR: 900 880 0 Gr�Stis: 2 2 0 PrkCha�: Detached Garage Detached Garege, Driveway Asphalt Yr Buiit 1959 1958 0 Lk/Wt: none p 79x118x79x115 93x138x116x135 -10,000 Acres: 0.00 0 Fdtn Sz: 1,000 1,064 -3,200 Stucco Brick/Stone, Metal/Vinyl -750 Roof: Age Over 8 years Age 8 Years or Less, Asphalt S-5,000 #Fplcs: 0 0 0 BsmG Fuil Finished.Livible Finished (Livable), Full 0 Amenit: Hardwood Floors, Ceremic Deck, Hardwood Floors, -4,000 Tile Bath, Kitchen Window, Naturaf General Conditi� Tough Shape needs repairs, Mold t Very Clean, Freshly Painted, -25,000 Mechanicals Forced Air New Central Alr Forced Air Centrai Alr 0 Condition of Wii Orig Windows New Windows -5,000 Hazardous item Mold No Mold Issues -10,000 Price: ;237,500 Total Adjustmet�: ;-65,950 Ac�usted Price: ;171,550 Nicholas Mont�omery A Comparative Market Analysis 763-286-1295 Customer One Page Report, Single Family Residential, MLS#: 3343007 3507 Woodbine Lane N, Brooklyn Cerrter, MN 55429 TAX INFORMATION Status: Active Property ID: H2711821420047 List Price: 5184 ,900 Tax Year. 2007 Tax Amt: 52,168 Assess Bal: ;0 Map Page: 78 Map Coord: A3 Y y Tax w/assess: 52,158 pi�ctions: Brookl n Blvd to 69th east Y Assess Pend: No to Palmer Lake Drive, North to Homestead: Yes Woodbine East Year Built: 1958 m-; Bedrooms: 2 List Agt is Owner?: No R �i. v Total Baths: Lake/WF: Garage: 2.00 LakeMIF Name: MLS Area: 363 Brooklyn Center Const Status: Previously Owned Style: (SF) One Story Fire Above Ground Finished SqFt: 960 FoundaUon Size: 860 Acr+es: 0.00 Below Ground Finished SqFt: µ2 Total Finished SqFt �+�Z Lot Size: 75:1Z7x80 Legal Description: Palmer Lake Terrace 2nd Addn Lot 008 Block 002 County: Hennepin Scho ol District: 279 Osseo, 763�91-7000 Complez/Dev/Sub: Common Wall: No Rest ncUons/Covts: Lot Description: City Bus (w/in 6 blks► Public Remarks: 4BR's 3 3 car garage potential? Large non�onforming 3rd BR in lower level. Formal Dining used to be aBR. Look into oversized 2 car gararge fo� 3M stall possibilitiea. Fenced yard with deck. Close to Palmer Lake Parlc,school,shopping 8 trarnportatlon. Room Level D4men Other Rooms L�ve1 plmen Living Rm Main 22x11 Informal Dining Room Main 9x8 Heat: Forced Air Dining Rm Main 11x10 Office Lower 22x8 F��. Naturai Gas Family Rm ��T ?2x1 Dedc Main 16x14 Air Cnd: Central Kitchen Main 9x8 yy��r City Water Connected Bedroom 1 Main 11x10 �Wef: City Sewer Connectsd Bedroom 2 Main 13x09 TotaL 1 3/4: 0 1/4: 0 Garage Stalls: 2 Bedroom 3 Chher Paticing: Bedroom 4 FuIL 1 1/2: 0 Poot: Beth Description: Main Floor Full Bath Dining Room Desc: Breakfast Area, Eat In Kitchen, Separats/Formal Dining Room Family Room Char. Family Room, Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Dlsposal, Dryer, F�+eezer, Range, Refrlgerator, Washer, Water Softener Owned Basement Finished (Livable), Full Exterior: Stucco Roof: Age Over S Y�ars Fencing: Chain Link Amenities-Unit: Deck, Hardwood Floors, Kitchen YVlndow Paricing Cha� Garage Door Opener Special Search: Main Floor Bedroom Report Prepared By: Nicholas Montgomery 763-286-1295 Information Deemed Reliable But Not Guaranteed. 0 2007 Regional MLS of Minn., Inc. All Rights Reserved. 4�3/200� Customer One Page Report, 5ingle Family Residentiai, MLS#: 3299862 I 4000 71st Avenue N, Brooklyn Center, MN 55429 TAX INFORMATION Status; Sold Pro�erty !D: H2711921310040 List Price: 5179,900 Tax Year. 2006 Tax Amt: S2,o98 Sold Price: $179,900 Assess Bal: Map Page: T8 Map Goord: A3 Tax w/assess: i2,099 Directions: FRANCE AVE T0 71ST Assess Pend: Unknown WEST TO HOME (CORNER �F T1ST Homestead: Yea GRIMES) Year Built: 1957 Bedrooms: 3 List Agt is Owner'?: No Total Baths: Z LakeMIF: Garage; LakeNVF Name: MLS Area: 363 Brooklyn Center Const Status: Previously �wned Style: (SF) One Story Fire Above Ground Finished SqFt: 1,OQ0 Foundation Size: 1,000 Acxes: 0,00 Below Ground Finished SqFt: 650 Total Finished SqFt: Lot Size: 75X135 Off Market Date: ��7 Date Closed: 3/30107 Projected Close Date: 3/30/O7 Legal Description: LOT 8 BLOCK 3 BOBENDRIER3 County: Hennepin School Disfict: 279 Osseo, 763-391-7000 Complex/Qev/Sub: Common Wall: No RestricdonslCovts: Lot Description: Cky Bus �w/in 6 blks), Corner Lot, T►+se Coverag Public Remarks: HOME SHOWS GREAT UNBEATABLE FAMILY ROOM NEUTRAL DEGOR CLOSE TO PARK SHOPPING BUS HIOHWAYS. Room Level Dlmen Other Rooms �.evel plme,Q Living Rm Main 20X13 Heat: Forced Air Dining Rm Fuel: Natural Gas Family Rm Lower 25X11 Air Cnd: Central Kitchen Main 16X8 Water: City Water Gonnected Bedroom 1 Main 13X 11 Sewer. Clty Sewer Connected Bedroom 2 Main »Xg ��rooms Bedroom 3 Main 13X10 T°ta�: 2 3/4: 0 1/4: 0 Garage Stalls: 1 Bedroom 4 Lower 12X12 FuIL 1 1/2: 1 Other Parking: 3 Pooh Bath �escnption: 1/2 Basement, Mai� Floor Full Bath Dining Room Desc: Breakfast Area Family Room Char. LoWer Level Fire la ces:0 Fi p replace Characteristics: Appliances_ Mkrowave, Water Softener Owned Basement Finished (Uvable), Fu0 ��a: Fiber Board Roof: Asphalt Shinglea Fencing: Wood Amenities-Unit Hardwood Floora, Kitchen Window, Patio, Washer/Dryer Hookup Paricing Char. Detached Garage, Driveway Goncrete, Garage Door Opener Report Prepared By: Nicholas Montgomery �63-286-1295 Information Deemed Reliable But Not Guaranteed. 2007 Reg�onal MLS of Minn., Inc. All Rights Reserved. 4/3/2007 Customer One Page Report, Single Family ResideMial, MLS#: 3271025 7142 Grimea Avenue N, Brooklyn Center, MN 55429 TAX INFORMATtON StBtUS: SOId Property ID: H2711821310064 List Price: �188 ,900 Tax Year. 2006 Tax Amt: i2 ,114 Soid PriCe: $191,900 Assess Bal: SD Map Page: 78 Map Goord: A3 Tax w/assess: t2,114 Directions: FRANCE TO 72ND, WEST Assess Pend: No TO GRIMES-HOME IS ON GORNER Homestead: Yes Year Buitt: 1957 Bedrooms: 3 List Agt is Owner?: No Totai Baths: Z LakeMIF: Garage: 2•� lakeMlF Name: MLS Area: 363 Brooklyn Center Const Status: Previoualy Owned Sryte: (SF) One Story Fire Above Ground Finished SqFt: 1,000 Foundation Size: �,000 acres: 0.00 Below Ground Finished SqFt: �0 Total Finished SqFt: Lot Size: 75X133 Off Market Date: 10/21/2Q06 Date Closed: 11/15/OB Projected Cbse Date: 11/15/06 Legal Description: LOT 16 BLK 4 BOBENDRIERS 2ND ADDN County: Hen�epin School District: 279 Osseo, 763-391-7000 Complex/Dev/Sub: Common Wall: No Restncctions/Covts: Lot Description: Corner Lcrt, Tree Coverage Medium Public Remarks: GREAT HOME IN CONVENIENT LOCATION. CLOSE TO SHOPPING, FREEWAY, PARKS AND MORE. HARDWOOD FLOOR3, GREAT DECK. FAMILY ROOM IN LOWER LEVEL Room Level �.limen Oth�r Rooms L9ve1 Dim�n Living Rm Main 22X13 Dedc Main 14X14 Heat: Forced Air Dining Rm Fuel: Natural Gas Family Rm �12 Air Cnd: Central Kitchen Main 16X8 Water. Clty Wa�r Cannected g�� Main 13X11 Sewer. Cfty Sewer Connected Bedroom 2 Main 12X10 ��rooms Totat: 2 3/4: 1 1/4: 0 Garage Stalls: 2 Bedroom 3 Main 11X9 Other Parking: 4 Bedroom 4 Full: 1 1R: 0 PooL Bath Desc►iption: 1/2 Basement, Main Floor Full Bath Dining.Room Desc: Eat In Kitchen Family Room Char. Lower L.evel Fireplaces: 0 Fireplace Characteristics: ApPliances: Range, Refrigerator Basement: Finished (Livable), Full Exterior. Shakes Roof: Asphalt Shingles Fencing: Amenities-Unit: Deck, Hardwood Floors, KiGchen Wlndow, Washer/Dryer Hookup Parking Ghar: Detached Garage, Driveway Concrete, Garage Door Opener Special Search: 3 BR on One Level, Main Floor Bedroom Report Prepared By: Nicbolas Montgomery 763-286-1285 Infortnation Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. Atl Rights Reserved. 4/3/2007 Customer One Page Report, Single Family Residen�al, MLS#: 3287702 4200 Woodbine Lane N, Brooklyn Center, MN 55429-1346 TAX INFORMATION StatUS: SOId Property ID: HZ711921310083 LISt PfIC2: a199,900 Tax Year. T006 Tau Amt i2,271 SOId PfICe: $200,000 �r�; Assess Bal: t0 Map Page: 78 Map Coord: A3 Tax w/assess: 52,271 Dir2ctions: Bruokiyn Bivd to Noble, Assess Pend: Unknown North to Woodbine, East to home Homestead Yes Year Built: 1958 Bedrooms: 3 List Agt is Owner?: No Total Baths: 2 LakeMlF: Garage: 2-00 Lake/WF Name: MLS Area: 363 Brooklyn Cerrter Const Status: Previously Owned Style: (SF) One 8tory Fire Above Ground Finished SqFt: 1,�� Foundation Size: �6 Acres: 0.00 Below Ground Finished SqFt: T02 Total Finished SqFt: 1,923 Lot Size: 75 x 432 Off Market Date: 11/28/2006 Date Closed: 1211b/08 Projected Glose Date: 12M 5/0� legal Description: Northbrook Manor 4th Add� Lot 5 Block 1 Counry: Nennepin School District: 279 Osseo, 763-391-7000 Complex/Dev/Sub: Common Wall: No Restrictions/Covts: Lot Description: Public Remarks: Fabulous 3++ BR in perfect quiet neighborhood. Home borders Brookdale Park d� Palmer Lk w/ walking paths, a creek many desr. Beautlful3 season knoriy pine porch w/ vaulted ceiling. Updated kitch, gorgeous hw floors.2 non�onforming BRs down morel Room Level �i�rRen Q��r Raom� Leve1 pime� Living Rm Main 21 x 11 Den Lower 15 x 7 Heat: Forsed Air Dining Rm Foyer Mein 4 x 4 F� Natural Cas Family Rm Lower 23 x 16 Office Lower 15 x 11 Air Cnd: Central Kitchen Main 16 x 12 Porch Main 15 x 15 Water. Clty Water Connected Bedroom 1 Main 14 x 11 Sewer. CKy Sewer ConnecLed Bedroom 2 Main 11 x 10 throO Total: Z 3/4: 1 1/4: 0 Garage Stalls: 2 Bedroom 3 Main 11 x 9 Other Parking: Bed�oom 4 Full: 1 �/2: 0 PooL Bath Description: 3/4 Basement, Main Floor Full Bath Dining Room Desc: Eat in Klt�hen Famity Room Char. Lower Level Fireplaces: 0 Fireplace Charactenstics: Appliances: Dlshwasher, Drysr, Freezer, Microwave, Ra�ge, Refrlgerator, Washer Basement Finished (Livable), Full Exterior. Wood Roof: Age 8 Years or Less, Asphalt Shingles Fencing: Chain Link, YVire Amenities-Unit: Hardwood floora, Kttchen YVindow, Natural Woodwork, Porch, Vautted Ceiling(s), WasherlDryer Hookup Paricing Char. Detached Garage, Gange Door Opener Special Search: 3 BR on One Level, Main Ploor Bedroom Report Prepared By: Nicholas Montgomery 763-286-1295 Information Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. All Rights Reserved. 4/3/2007 Customer One P e Re i 1 F ag port, S e amii Residential MLS#: 32677 �9 Y 6T 7107 W Palmer Lake Circle, Brookiyn Center, MN 55429-1401 TAX INFORMATION StBtUS: SOId Property ID: H2711921I20117 List Price: �209 ,900 Tax Year. 2006 Tax Amt: 52,232 Sold Price: �208,000 Assess Bal: i28 Ma Pa :7 e 8 Ma Coord. a3 P 9 P Tax w/a 2 260 ssess: S Directions: B rookl n BI vd to 69th Y Assess Pend: Unknown EAST to Palmer Lake Dr1ve, NORTM I Homestead: Y� to Palmer Lake Circle on comer Year Buitt: 1859 Bedrooms: 4 List Agt is Owner?: No Total Baths: 2 LakeJWF: Garage: 2•00 LakeNVF Name: MLS Area: 3B3 Brookiyn CenUar Const Status: Previousiy Owned Style: (SF) One Story Fire Above Ground Finished SqFt: 1,21B Foundadon Size: 1,056 Acres: 0.23 Below Ground Finished SqFt: 464 Total Finished SqFt: �,67� Lot Size: 120x86x129x75 Off Market Date: 10/OZ/2006 Date Closed: 11/15/06 Projected Close Date: 11/15/06 Legal Descrfption: Palmer Lake Terrace 3rd Add� �ot 009 Btock 001 County: Hennepin School District: 278 Osseo, 763-391-7000 Complex/Dev/Sub: Common Wall: No Restrictions/Covts: Lot Description: Clty Bus (w/In 6 blks), Corner Lot, Tree Coverag Public Remarics: This is a great hmily house, 8 an Affordable Housing OpportuMtyl Located on corner of Cul De Sac. next to West Palmer Lake Park! Palmer Lake ElemeMary just north. Beautlful hardwood floora. Pleasant 1st floor FR wMroodbuming FP. Room Level Dimen Other Roema Level t�img� Living Rm Main 22x13 Den Basement 13x10 Heat: Forced Air Dining Rm InfoRnal Dining Room Main 11x10 Fuel: Natural Gas Family Rm Main 14x11 Laundry Basement 11x14 Air Cnd: CeMral Kitchen Main 11x8 Office Basement 12x11 Water City Water Connected Bedroom 1 Main 13x11 �Nre�: Clty Sewer Connected Bedroom 2 Main 14x10 �rooma Total: 2 3/4: 1 1/4: 0 Garage Stalls: 2 Bedroom 3 Main 10x9 Other Pa►icing: Bedroom 4 Basement 13x12 Full: 1 1/2: 0 Pool: I I Bath Description: 3/4 Basement, Main Floor Full Bath Dining Room Desc: Kibchen/Dining Room Family Room Char. Ma{n Level Fireplaces: 1 Fireptace Characteristics: Fam!!y Room, Wood Burning Appliances: Dishwasher, Exhaust Fa�Mood, Range, Refrlperator, Water Softener Owned Basement: Egress Wlndowa, Finlshed (Uvable), Full ��a�: BricklStone, Stucco Roof. Age 8 Years or Less, Asphatt Shingles Fencing: Chaln Llnk, Partial Amenities-Unit: Hardwood Floors, Kltchen YYindow, Muldpb Phone Llnes, Natural Woodwork, Patio, WasherlDryer Hookup Parking Ghar: Attached Garage, Driveway Aaphalt, Garage Door Opener Special Search: 3 BR on One Leve{, Main Floor Bedroom Report Prepared By: Nkholas Montgomery 763-286-1286 i Information Deemed Reliable But Not GuaranEeed. 2007 Regional MLS of Minn., tnc. All Rights Reserved. Com arativ� Market Ana! sis p y ApMI 07, 200� Summary of Comparabte Llstings This page summarizes the comparable listings contained in this market analysis. Sold Listinga Address Price Bds Bth TFSF ;/Sq FSize Buik 3tyle Sold Date DOM S-Vfolet Ave N 2 2.00 1,500 1,000 1959 6442 Orchard Avenue ;160,000 3 2 1700 ;94 1,05D 1958 ONEST 12/29/2006 29 3407 72Nd Avenue #148,200 2 2 1760 ;84 960 1958 ONEST 01/22/2007 60 4000 71StAvenue �179,900 3 2 1650 ;109 1,000 1957 ONEST 03/30/2007 86 i 7142 GHmes Avenue 5191,900 3 2 1400 ;137 1,000 1957 ONEST 11/15/2006 30 7218 Kyle Avenue �189,900 3 2 1941 ;98 1,411 1959 ONEST 03/23/2007 26 42D0 Woodbine Lane �200,000 3 2 1923 #104 996 1959 ON�ST 12/15/2006 32 Averages: ;17e,31� 3.0 2.0 1729 ;104 1,0�0 195a 4•i Media� of Comperable Listings: �1�4 Average of Comparable Ustings: �i�s,317 i On A�erage, the 'Sold' status comparable listings sold in 43.83 days for $178,3i7 �x I D WNReaI t OrouP� inc.� I I 612-670-7641 dawnph�dawnrealtygroup.com Fax:763-441-1549 19308 Rush Ct. NW Elk River, MN 55330 www.dawnneat�r�r�up.com Dawn Polsto�-HoMr A Comparativs IM�rkst Andy�ls 612-670-�641 Com arative Market Anal sis p y Table Summary of Comparable Solds A o�, �no� This page summarizes the comparable sold ifstings in this merke[ anatysis. Sold Listings Chsnge 9b Changa lbt prica to usc Prica to Addrcss List PHce Sale Price �d p� Sold Date DOM 6442 Orchard Avenue $154,900 $160,000 $5,100 3.29 12/29/2006 29 3407 72Nd Avenue $157,900 �148,200 �-9,700 -6.14 01/22/2007 60 4000 71StAvenue �179,900 �179,900 ;0 0.00 03/30/2007 86 7142 Gnmes Avenue $188,400 $191,900 $3,000 1.59 il/15/2006 30 721B Kyle Avenue $289,900 ;189,900 �0 O.OD 03/23/20D7 26 4200 Woodbine Lane ;199,900 ;200,000 #1D0 0.05 12/15/2006 32 Average �178,587 ;17d,317 ;-250 -0.20 44 Median $184,400 f184,900 #-50 -0.03 31 Mlnimum $1�,900 �148,200 $-9,700 6.14 26 Maximum $199,900 $200,000 ;5,100 -3.29 86 I Dswn Polston-Hork A Comparative Market Analysis 612-670-7641 �om arative Market Anat S�S �PHI 07 zoo� p y CMA Price Ad ustment s i I This page outifnes Che subjed property versus compara6les pro�rtles. �ls`� -t<.; w ,rt�- -s,.. :.1� Sub�ed Ptoperty Detalls Adjust Detsils Adiust M{.S�: 3286238 3282539 �tus: Sold Sold Address: Violet Ave N 6442 Orchard Avenue N 3407 72nd Avenue N SchDlst: Osseo 0 Osseo 0 Map: 78A3,78A4 78A4 0 78A3 0 $154,900 0 �157,900 0 SldPrc: ;160,000 0 #148,200 0 p(M�; I1/22/2006 0 12/15/2006 0 p��; 12/29/2006 D 01/22/2007 0 ppM: 29 0 60 0 �adrms: z 3 0 2 0 �my: 2.00 2 p 2 p (SF) One Story 0 (SF) One Story 0 totsqh: 1,500 2700 0 1760 0 �py�q}t; 1,000 1,OSQ 0 960 0 ilrYsq/!; 500 650 0 800 0 BryStls: 2 2 0 2 0 PrkChar: Detached Detached Garage Detached Garage, DHveway Asphalt Yr I►uik: 1959 1958 0 1958 0 Lk/Mlt: 0 0 L,otst; N 79X118X79X115 75x135 0 81x179x41x163 0 �q; 0.20 0.24 0 0.25 0 1 000 Fdtn �z. 1,050 0 960 0 Stucco Shakes 0 Metai/Vinyl, Stucco 0 Root: Asphalt 0 Asphalt Shingles 0 �Fpicr. 0 0 0 0 g��; 500 Fuil 0 Finished (Ltvable), Full 0 I Amenl� 0 Washer/Dryer Hookup 0 Otlter 1 No Mold Damage -10,000 No Mold �amage -10,000 Otl�at 3 No Improvements -i5,00d No Improvements -15,000 Other 2 0 0 Otfier i �160,000 ;14a,200 Totai AdJurttnenb: ;-25,000 �-25,000 Ad usted PH i ;135,000 ;123,200 A Comparative Market Analysis Dawn Polston-Flork 612-670-�641 Com arative M arket Analysis a pn� a', 20°' CMA Price Adjustments This Rage outlines the subject pruperty versus comparables properties. .i� y s �+:a FF V�tS� h�'�„Y� ��FevJ( f t'� �r 1 .s ..�y�� 1+3 �2i<. r A• 5ubiect Properly Detalls Adjust Detalls Adiuut MtS�: 3299862 3271025 Status: Sold Sold Address: Vlolet Ave N 4000 71st Avenue N 7142 Grimes Avenue N SchDis� Osseo 0 Osseo 0 Map: 78A3,78Ad 78A3 0 78A3 0 �179,900 0 #188,900 0 SldPrc: ;179,900 D ;191,9D0 0 p}M� 02/25/2007 0 10/21/2006 0 p��; 03/30/2007 0 11/15/2006 0 DOMs 86 0 30 D g��s: 2 3 0 3 0 dtltrms: 2.00 2 0 2 0 gty�e; (SF) One Story 0 (SF) One Story 0 Tp�q}t; 1,500 1650 0 1400 0 AbvSqR: 1,000 1,D00 0 1,000 0 S{�q}t; 500 650 0 400 0 6r�Stls: Z i D 2 0 PrkChar: ��ed Detached Garage, Detached Garage, Driveway Concrete, Driveway Concrete, Yr dulit: 1959 1957 0 1957 0 Lk/YYt: D 0 g�; N 79X118X79X115 75X135 0 75X133 0 Acrq: 0.20 0.00 0 0.00 0 p� g=; 1,000 1,000 0 1,000 0 Stucco Fiber Board 0 Shakes 0 Asphalt Asphalt Shingles 0 Asphalt Shingles 0 aRFpics: 0 0 0 0 0 500 FiNshed (Uvable), Full FlNShed (Livable), FuU 0 ArneN� Hardwood Fioors, Kitchen Deck, Hardwood Fioors, WiRdow, PaUo, Kitchen Window, Oth�r 4 No Mold Damage -50,000 No Mold damaqe -30,000 Other 3 No Improvements -15,000 No Improvements -15,000 Othe� 2 p Other 1 0 0 PHce: ;179,900 ;191,9�� Total AdjustmeMs: ;-23,000 ;-25,000 Adjusted PHce: ;154,900 ;16b.900 A Comparetive Market Analysis Davim Polston-Hork 612-670-7641 I ApHI 07, 2007 Comparative Market Anaiys�s CMA Price Adjustments Thfs page outlines the subfect property versus camparables properties. --'t` ``�'"'�>�r''''�' 1' `�1 �J'" .i SS3 Subiect Property Details Adiust Details Adiust MLS�: 3329492 3287702 Status: Soid Sold Addrass: Vlolet Ave N 7218 Kyle Avenue N_ 4200 Woodbine Lane N SchDis� Osseo 0 Osseo 0 Map: 78A3,78A4 76A3 0 78A3 0 Lstptc: $189,900 0 ;199,900 0 SldPrc: ;189,900 0 ;200,000 0 OMMrIc� 03I13/2007 0 11/28/2006 0 OtClsd; 03/23/2007 0 12/15/2006 0 DOM: 26 0 32 0 Badrmr. Z 3 0 3 0 �hrins: 2.00 2 0 2 0 Styla: (SF) One Story 0 (SF) One Story 0 Tot3qh: 1,500 1941 0 1923 0 AbvSqfl: 1,000 1,411 0 1,221 0 SIv�qR; 500 530 0 702 0 6ryStls: Z 2 0 2 0 PrkChar. Detached Detached Garage, 0 Detached Garage, DNveway Concrete, Garege Door Opener Yr duilt 1959 1959 0 1959 0 Lk/IM� 0 0 �t N 79X118X79X115 74x126x84x129 0 �5 x 132 0 Acrs#: 0.20 0.23 0 0.00 0 Fdtn Sz: 1,000 1,411 0 996 0 !x� Stucco Shakes 0 Wood 0 Roof: Asphalt Age 8 Years or less, Asphalt S 0 Age 8 Years or Less, Asphalt S 0 �fpla: 0 1 0 p 0 BsmG S00 Flnished (Llvable), Partial 0 Finished (Uvabie), FuU 0 Amant� Hardwood Floors, Kltchen 0 Hardwood Floors, Kitchen Window, Naturel Wlndow, Natural Other 4 No Mold Damage -10,000 No Mold Damage -10,000 �e� 3 No Improvements -15,000 No Improvements -15,000 Other 2 p p Other i 0 0 P��' ;189,900 ;200,Od0 Total Adiustmenb: 2 5 000 -25 000 Adjusbed Price; ;164,900 ;175,D00 A Comparatfve Market Analysis Dawn Polsto�-Hork 612-670-7641 �om arative Market Anal sis p y CMA Comparables Report np�� o� zoo� This page outlines the subject property versus comparebtes properties. y _t;n f Subject Property Comp�rable Property detalis Gamparsble Propetty Details MIS�: 3286238 3282539 Status: Sold Sold Address: 3613 6442 Orchard Ave N 3407 72nd Ave N SchDls� Osseo Osseo Map; 78A3,78A4 78A4 78A3 �154,900 �157,9D0 51dPrc: $160,000 ;148, 200 ptMNc� li/22/2006 12/15/2006 DtClsd: 12/29/2006 O1/22/2007 DOM: 29 60 dedrms: Z 3 2 2.00 2 2 Style: (SF) One Story (SF) One Story Totsq}� 1,500 1�00 1760 Abvffiqft: 1,000 1,050 960 8{w�3qR: 500 650 800 OrpStls: Z 2 2 PMcChar: Detached Detached Garage Detached Garage, Driveway Asphalt Yr dullt: 1959 1958 1958 Lk/YY� Lot $2: N 79X11BX79X115 75x135 81x179x41x163 Actes: 0.20 0.24 0.25 Fdtn Sz: 1,000 1,050 960 Stucco Shakes Metal/Vinyl, Stucco Roof; Asphalt Asphalt Shingles #►Fplae: 0 0 0 Bsrnt: 500 Full Finished (Uvable), Full Arnani� Washer/Dryer Hookup Other 4 No Mold Damage No Mold Damage Othar 3 No Improvements No Improvements Other 2 Other i A Comparative Market Ana{ysis Dswn Polston-Hork Agent Phone: 612-670-7641 Com arative Market Analysis p CMA Comparables Report Apn� o�, zoo� This page ouNines the subject property versus comparebles properties. �'i:z�" M t „'a'rb' a��s, u Sub�ed Property Comparable Property Details Comparable Property Detaib MLS*: 3299862 3271025 Status: Sold Sold Addrass: 3613 4000 71st Ave N 7142 Grimes Ave N SchDls� Osseo Osseo Map: 76A3,78A4 78A3 78A3 �p�: S179,900 ;188,900 SldPtc: $179,900 ;191,900 p(}M�: 02/25/2007 10/21/2006 p��; 03/30/2007 11/15/2006 DOM: 86 30 dsdrms: 2 3 3 Bthrnls: 2.00 2 2 gty�e; (SF) One Story (SF) One Story T�q}�; 1,SD0 1650 1400 AbvSqf't: 1,000 1,000 1,000 ��q/� 500 650 400 6r�Stls: 2 1 2 PrkChsrs Detached Qetached Garage, DHveway Detached Garage, Driveway Concrete, Garage Door Opener Concrete, Garage Door �pener Yr Buik: 1959 1957 1957 Lk/1N� �pt gs; N 79X116X79X115 J5X135 75X133 Act�s: 0.20 0.00 0.00 F� 1,000 1,000 1,000 Stutxo Fiber Board Shakes Roaf: Asphalt Asphalt Shingles Asphait Shingles �Fplcs: 0 0 0 d�mt; 500 Flnished (Livable), Full Finished (Livable), Full Alnenit Hardwood Fbors, Kitchen Deck, Hardwood Floors, Kitchen Window, Pado, Washer/pryer Window, Washer/Dryer Hookup Ot1�er 4 No Mold pamage No Mold Damage Other 3 No Improvements No Improvements Otfier 2 Other 1 A Comparative Market Analysis Dswn Polston-Hork Agent Phane: 612-670-7641 Com aratitiTe Market Analysis p CMA Comparables Report np�n o� zoo� 'I"his page ouNines the sub}ect property versus comparabies properties. ��'S ;t x s+L Subiect Property Comparsble property Detslls Comparable Property Detaiis MLS#�: 3329492 3287�02 Status: Sold Sold Address: 3613 7218 Kyle Ave N 4200 Woodbine Ln N SchDist: Osseo Osseo Map: 78A3,78A4 78A3 78A3 Lstptc: #189,900 �199,900 SldPtc: ;189,900 ;200,000 Of'fMrkt; 03/13/2007 11/28/2006 DtCisd: 03/23/2007 12/15/2006 DOM: 26 32 dedrrns: Z 3 3 Stifrins: 2.00 2 2 Styls: (SF) One Story (SF) One 5tory 7olSqft: 1,500 1941 1923 AbvgqR; 1,000 1,411 1221 OIwSq}'� S00 530 7U2 firpstls: 2 2 2 PrkChsr. Detached betached Garage, DHveway Detached Garage, Garage Door Concrete, Garoge Door Opener Opener Yr duik: 1959 1959 1959 Lk/YV� LotSz: N 79X118X79Xi15 74x126x84x129 75 x 132 Acres: 0.20 0.23 0.00 Fdtn Si: 1,0� 1,411 996 !x� Stucxo Shakes Wood Roof: Asphalt Age 8 Years or Less, Asphalt Shingles, P Age 8 Years or Less, Asphalt Shingles �Fples: 1 p 6srt�t; S00 Finlshed (Uvable), Partial Finished (Llvable), Full Hardwood Floors, Kitchen Hardwood Floors, Kftchen Window, Natural Woodwork, Window, Natural Woodwork, Otl�er 4 No Mold Damage No Mold Damage Othar 3 No Improvements No Improvements Othar 2 Other 1 A Comparative Market Analysis Dawn Polston-Hork Agent Phone: 612-670-7641 3613 Violet Ave Brooklyn Center `!K_ T F r�' r R �j' �a, �k. j R c e EXCEPTIONAL HOlY� PR Y MAA�D BY T�■ S��I Er�i! ��r� 11200 Commeree Drive North Champlin, MN 55316 Dineci:7�63-569-5707 Mobile:612-382-4607 Faar_ 763-569-5700 No�me Ofi 763-4248787 E-maiL tamandsandyw ahers�: edinare�dity.com Illl��tltl��l�r:� J�'.t�l�_il lt i.t... H::� 1 �U.li.�itli'ri 9 o s i w �...i_ r ,�m �1 a't1V� r��.t �.na��si� �i a f'; ,.r a"^ i April 03, 2007 rable Listin s Summary of Compa g This page summaNzes the comparable listtngs contained In thls market analysis. I aT° Active Listings Z f Address Price Bds Bth TFSF ;/Sq FSfze Built Style List Date DOM 7 70Th Avenue� $164,900 3 2 1600 �103 �1,000 ��1962, ONEST 03/27/2007 7 7119 Lee Avenue $165,900 3 1 1116 #149 996 1958 ONEST 03/26/2007 8 3713 72Nd Avenue $174,900 3 2 �102 960 1958 ONEST Q1/li/2007 82 7125 Kyle Avenue $179,900 3 1 $S00 1,000 1959 ONEST 03/29/20�7 5 72251une Avenue $184,90Q 2 2 1776 $104 996 1959 ONEST 01/10/2007 83 3507 Woodbine Lane $184,900 2 1 1402 $132 960 1958 ONEST 03/15/2007 19 7137 Morgan Avenue $188,9�0 4 1 1208 �156 1,040 1960 ONEST 02/21/ZQD7 41 7219 Morgan Avenue #195,000 4 2 3899- $106 1,000 1960 ONEST 12/07/2006 117 7130 Newton Avenue $196,600 3 2 �89' 116 1,000 1962 ONEST 12/01/2006 123 7025 Newton Avenue $197,845 Z 2 t80T� 110 1,001 1961 ONE5T 01l19/2007 74 3007 Quarles Road $199,900 4 1 1•�b0- 114 1,032 1960 ONEST 01/12/2007 81 7036 Grimes Avenue #199,90U 3 2 1400 143 1,040 1959 ONEST 03/30/2007 5 i 2800 Ohenry Road �204,800 3 2 1392 147 1,040 1957 -0NEST 03/14/2007 20 27D1 Ohenry Road 4 2 $112 1;024 �1 5 ONEST 01/08/2007 85 1 803 3.0 1.6 �JZ'" iZi i'OII6 1 54 vera es: 88. A g J Pending Listings y C Addreaa Price Bds Bth TFSF $/Sq FSize Buik Style Off Market DOM 5= 6933 Logan Avenue $179,900 3 1 1404 $128 944 1955 ONEST 03/29/2007 9 Averages: ¢179,9p0 3.0 lA 1404 �128 944 1955 9 Sa�id Listings Addresa Price Bds Bth fiFSF !�/Sq FSize guik Style Sold Date DOM I 4 7007 Ewing Avenue $181,900 3 1� 1000 �$182 1,�00 �/1957 ONEST OB/25/2006 15 3513 72Nd Avenue $188,900 3 2 1721 $110 960 1958 ONEST 10/18/20D6 19 7142 Grimes Avenue $191,900 3 2 1400 $137 1,OOd 1957 ONEST 11/15/2a06 30 3000 Ohenry Road $190,600 3 1 1384 #138 960 1958 ONEST 07/10/2006 39 7106 France Avenue �203,400 3 2 1680 �121 960 1957 ONEST 06/23/2006 54 4212 Winchester Lane $203,500 4 2 1820 $112 1,020 1958 ONEST O1/25/2007 27 3300 64Th Avenue $210,000 3 1 1968 $107 964 1959 ONEST 07/26/20Q6 86 4318 65Th Avenue 4 5 1420, �129 �1,020J 1959 ONEST 01/31/2007 7 194 119 3.0 2A 154 129 9�8 1958 35 Averages: J Median of Comparable Listings: ;190,600 Average of Comparable Listings: ;190,265 On Average, the 'Sold' status comparable tistings soid in 34.63 days for $194,l19 Thomas Wa{ters A om ara lv M rke[Anaf !s 763-569-570i C p t e a ys !/v z r i �C�om ara�ive Mar�� t��►na� si�s- p L Aprtl 05, Z007 Summary of Comparable Listings This page summarizes the comparable Ustings rnntained In this market analysis. Sold Listings Addresa Price Bds Bth TFSF ;/Sq FSize Built Style Sold Dbte DOM S= 3407 72Nd Avenue $148,200 2 1760 #84 960 1958 ONEST 01/22/2007 fi0 3901 France Place $174,000 2 2 1501 �116 1,000 1955 ONEST 03/15/2007 93 6137 Kyle Avenue $198,300 2 2 1676 �118 976 1956 ONEST 03/02/2007 122 Averages: $173,500 2.0 2.0 1646 ;106 979 1956 gZ Median of Comparable Listings: #174,000 Average of Comparable Llsttngs: $173,500 On Average, the 'Sold' status comparabie listings sold in 91.67 days for $173,500 S Z °L_ �T �v�` S 3 L pu�,0 /.I T� o� S'i 2- S C �J d�� f�LL rS�,e /T S L C �a- s L �rt— 1 l ��J 3,. r -s 1 3 BK. 1 G ��-s� x G ��;�f �G� �s co s7 s c` o S i�., L 1� G �6�f""rJ Gary Walters A Comparative Market Analysfs 763-569-571' 4/5/2007 Property Fuli Report, Single Famlly Residential, ML5#: 3282539 3407 72nd Avenue N, Brooklyn Center, AAN 55429 Status: Sold e.oaee.�. J_ List Price: 5157,90� r.k P�rk Sold Price: $148,200 J .n 8�� Original List Priee: S774,900 `r 1 ��4 s Map Page: 78 Map Coord: A3 Directions: Brooklyn Blvd to 69th Ave N, E to Palmer Lake Dr W, N to 72nd N Ave N, W to home 6iM �.e N_ 6�,+1� N �p aM, w rrawi��wt��G�s- TAX INFORMATION ML5 Area: 363 Brooklyn Center Year Built: t Property ID: H2711921410015 Style: (SF) O.ne Story Bedrooms: 2 Tax Year. 2006 Const Status: Prevfoualy Owned Total Baths: Z Tax Amt: 52,003 Foundation Sfze: 960 Garage: 2 Assess Bal: ;0 Above Ground Finished SqFt: 960 Acres: Tax w/assess: 52,003 Below Ground Finfshed SqFt: 800 Lot Size: 81x179x41x1B3 Assess Pend: Unknown Total Finished SqFt: ��g� Fire Homestead: Yea List Date: 10/16/06 Received By MLS: 10H6/06 Days On Market: 60 Off Market Date: 12/15/2006 SeUing Agent: Ryan T. Johnson Pro}ected Ciose Date: 1/15/07 Seliing Office: REIMAX Results Date Closed: 1i22/07 Genera� Property 1Mormation Legai Description: Lot 3, Biock 3, Palmer Lake Terrace 2nd Addn County: Hennepin School District: 279 Osseo, 763-397-7000 Complex/Dev/Sub: Common WaIL• No Restrfctions/Covts: Lot Description: City Bus (w/in 6 blks), Tree Coverage Light Road Frontage: Clty, Paved Strests, Sidewalks Zoning: Residential-Single Accessibllity: None Agen�arks: FAX offers to 612-67T-3085. Corporate seller requires offers written on their forms. Click �r GCr,�r��— "suppiements" to download PA package and Instructions. AS 13 sale. AGENTS: verify aU fnformation hereln. Public Remarks: Two bedrom, 2 bath rambier convenlentiy located. Near parks and schoois. Needs TLC. Corporate seller. AS IS sale. Agents piease read agent remarks for offer information. Sbut�r8lnfarmat�on Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 22 x 12 Recreation Room Lower 23 x 11 Fuel: Natural Gas Dining Rm Main 12 x 08 Air Cnd: Central Family Rm Lower 23 x 11 Water: City Water Connected Kitchen Main 16 x 08 Sewer: City Sewer Connected Bedroom 1 Main 12 x 10 Garage StaAs: Z Bedroom 2 Main 13 x 12 Garage Stall Bedroom 3 Bathrooms: Total: 2 Full: 1 �her Parking: Bedroom 4 3/4: 1 1/2: 0 1/4: 0 Pool: Bath Description: 3/4 Basement, Main Floor Full Bath Dining Room Desc: Eat in Kitchen, Separate/Formal Dfning Room Family Room Char. Lower Level Firepiaces 0 Fireplace Characteristics: Information Deemed Reliable But Not Guaranteed. OO 2007 Regional MLS of Minn., Inc. Ail Rights Reserved. Page 1 of 6 4/5/2007 Property Futl Report, Single Famlly Residential, MLS#: 3282539 3407 72nd Avenue N, Brooklyn Center, MN 55429 Appliances: None Basement: Finished (Livable), Full Exterior. MetaWfnyl, Stucco Fencing: None Roof: Asphak Shfnglea Amenities-Unit: Washer/Dryer Hookup Parking Char. Detached Garage, Driv�way Asphalt Financlai C000eratina Broker Comoensation Buyer Broker Comp: 3.00 •/a Sub-Agent Comp: 0.00 Facilitator Comp: 3.00 Variable Rate: N List Type: Exciusive Rfght To Sell Sale Morts,�ape Informatfon Sale Financial Terms: Conventlonal Sale Loan Amount: 5148,200 Seller ConMbution: 54,200 G /�vS Ffnancial Remarks: Pre-Approved Buyers Onlyl Owner is an Agent?: No Sellers Terms: Cash, Conventlonal Existing Fin: Free and Clear Listing Agent: Claude A Worrell. 612-374-1628 Listing Office: RE/MAX Results Appt Phone: T63-591-6035 O�ce Phone: 763-591-6000 This Report Frepared By: Gary Walters 763-569-5T15 Infortnation Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. Ali Righfs Reserved. Page 2 of 6 4/5/2007 Property Full Report, Single Famity Residential, MLS#: 3295500 3901 Frahce Place Brooklyn Center, MN 55429-3047 �l s�-..�,�-- Status: Sold �r,nr M List Price: �174,900 �+n�n ti �rw�yro.+.ir_ Sold Price: $174,000 9901 Frano� r' n I List Price: 185 900 Oi i a S 7 M; '��e 9 t� Map Page: 92 Map Coord: A1 y ��:r�� Directions: 694 to 100S to Brooklyn I Blvd W left on Bass Lake Rd left on l a Halifax left on France Place �.FM �rrcr t 'i J iii��aw�t�e_� TAX INFORMATION MLS Area: 363 Brookiyn Center Year Buiit: 1955 Property IQ: H0311821240046 Style: (SF) One Story Bedrooms: Z Tax Year: 2006 Previousl Ownad Total Baths: Z Tax Amt: 52,2�1 Const Status Y Foundation Size: 1,000 Garege: Z Assess BaL• SO Above Ground Finished SqFt: 1,1B5 Acres: Tax wlassess: 52,201 Below Ground Flnished SqFt: 336 Lot 5ize: 0 Assess Pend: �o Total Finfshed SqFt 1,501 Flre Homestead: Yes List Date: 11I17/06 Received By MLS: 11HTI06 Days On Market: 93 OfF Market Date: 02H 8/2007 Selling Agent: Nicolsa Zermeno ProJected Close Date: 3H5t07 Selling Office: RE/MAX Casas-Homes Reaity, Inc Date Closed: 3/15/07 Generai Property Information Legal Desc�iption: Pearaons Ncrthport 1st Addn Lot 006 Block 002 County: Hennepin School District: 281 Robbinsdale, 763-504-8000 Complex/Dev/Sub: Common Waii: No RestrictionsiCovts: Lot Description: City Bus (wlin 6 blks) Road Frontage: Clty Zoning: Residential-Single Accessibilfty: None Rernarks Agent Remarks: Priced reduced January 12th. Office in basement was used as a non-conforming bedroom. Public Remarks: Great opportunity to BUILD EQUITY w/ cosmetic updates. Spacious floor plan w/ EA7-IN KIT, sep. dlnfng rm large LR 8 harcJwd flrs (under carpet). Enjoy NEW roof 8 newer siding. Add new carpet in basement 3 gain great rec space. Str��clurE Information Room Level Dimen Other Rooms Leval Qimen Heat: Forced Air Living Rm Mafn 13x23 FAML2 Lower 12x13 Fuel: Natural Gas Dining Rm Main 10x11 Office Lower 11x12 Air Cnd: Central Family Rm Porch Main 11x15 yyater. City Water Connected Kitchen Main 8x15 Spa or Sauna Room Sewer. Ctty Sewer Connected Bedroorn 1 Main 12x13 Garage Stalls: Z Bedroom 2 �ain 10x10 Garage Stall Bedroom 3 Bathrooms: Total: 2 Full: 1 Other Parking: Bedroom 4 3/4: 0 1/2: 0 1/4: 1 Poo1: Bath Description: Main Floor Fuil Bath Dining Room Desc: Separate/Formal Dining Room Family Room Char. Lower Levei Fireplaces: 0 Firepface Characteristics: Appliances: Range Information Deemed Reliable But Not Guaranteed. m2007 Regional MLS ot Minn., Inc. All Rights Reserved. Page 3 of 6 4/5/2D07 Property Full Report, Single Famfly Residential, ML5#: 3295500 3901 France Place Brookiyn Center, MN 55429-304T Basement: Ffnished (Llvable), Fup ExteNor. MetalNinyl Fencing: Roof: Age 8 Years or Less, Asphalt Shingles, Pltched AmeNties-Unit: Hardwood Floors, Kkchen Window, Saune Parking Char. Detached Garege Fir�anciai CooperatinQ Broker Compensatlon Buyer Broker Comp: 2.70% Sub-Agent Comp: 0.0074 Facflitator Comp: 2J0°� Variable Rate: N List Type: Exclusive Rlght To 3ell Sale Mortaaae Information 5ale Financial Terms: Conventional Sale Loan Amount: 5168,780 Seller Contrfbutfon: SO Owner is an Agent?: No Sellers Terms: Existing Fin: Free and Clesr Lfst(ng Agent: Jennifer M Kyllonen 612-639-1871 Listing OfFice: REtMAX Resulta Appt Phone: 952-848-2405 Offfce Phone: 952-848-2400 Co-Lfst Agent: Stacy L Sullivan 612-282-0810 This Report Prepared By: Gary Walters 763-569-5715 Information Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. All Rights Reserved. Page 4 ot 6 4/5/2007 Property Full Report, 8ingle Fam(ly Residential, MLS#: 3262893 6137 Kyle Avenue N, Brooklyn CentBr, MN 554Z9-2470 ,w. �Map�ainr Status: Sold +b+r�� List Price: 5194,900 Sold Price: $198,300 6137 Ky1�: Original List Price: S206,000 Map Page: 92 Map Coord: A1 Directions: Brooklyn Blvd to 63rd, W to QY�I t(la,.e P.rlc e Kyle, So �`r 7AX INFORMATION MLS Area: 363 Brooklyn Center Year Built: 19 Property ID: H3411921330032 Style: (SF) One Story Bedrooms: Z 7ax Year. 2008 Const Status: Prevlousfy Owned Total Bafhs: Z Tax Amt: 52,137 Foundatian Sfze: 976 Garege: 2 Assess BaL• SD Above Ground Finished SqFt 976 Acres 0.00 Tax w/assess: 52,137 Below Ground Ffnfshed SqFt: 700 Lot Size: TBx128 Assess Pend: Unknown Totai Finished SqFt: 1,676 Fire Homestead: Yes Ust Date: 916/06 Received By MLS: 9/6/08 Days On Market: 122 Off Market Date: 01l08/2007 SelHng Agent: Marilyn R. Stiliman Projected C�ose Dete: 3/2/07 Selling Office: ZlpRealty, Inc bate Closed: 3/2/OT General Property lnformailon Legal bescrfption: Bergstroms Delphian Gardena County: Hennepin School District: 2T9 Osseo, 763-391-7000 Compiex/Dev/Sub: Common Wall: No Restrictions/Cavts: Lot Descriptfon: City Bus (w/in 6 blks), Tree Coverage Medlum Road Frontage: City, Curbs, Paved Streets Zontng: Residentlal-Single Accessibitity: None Remarka Agent Remarks: 3rd bedroom is non-conforming. Pubiic Remarks: Clean as a whistlel Neat as a pini 5ame owner since'621 Hardwood floors in LR BR's. Built-tn hutch. Lots of kitchen cabinets. Wood buming stove. Fortnal dining room. Lower level family rm and officelbedroom. Thfa home is fmmaculate lnside outl Structure Infonnation Room Level Dimen Other Rooma Level Dimen Heat: Forced Air Living Rm Main t3x21 Fuel: Naturel Gas Dining Rm Main 10x10 Air Cnd: Central Family Rm Lower 11x24 Water. City Water Connected Main 8x17 Ci Sewer Connected r Kitchen Sewe tY Bedroom 1 Main ?Ox13 Garage Stails: 2 Bedroom 2 Main 10x10 Garage Stali Bedroam 3 Lower 11x14 Bathrooma: Total: 2 Full: 1 Other Parking: Bedroom 4 3/4: 0 1/2: 1 1/4: 0 PooL• Bath Descnption: 1/2 Basement, Main Floor FuH Bath Dining Room Desc: Breakfast Area, Separate/Formal Dining Room Famity Room Char. Lower Level Fireplaces: 1 Fireplace Characte�istics: Wood Stove Appiiances: Dishwasher, Dryer, Exhaust Fan/Hood, Range, Refrigerator, Washer, Water Softener Owned Information Deemed Reliable But Not Guaranteed. 20�7 Reg+onat MLS of Minn., Inc. Ail Rights Reserved. Page 5 of 6 4/5/2007 Property FuUReport, Single Family Residential, MLS#: 326Z693 613T Ky{e Avenue N, Brooklyn Center, MN 55429 Basement: Finfshed (Livable), Fuil Exterior: Shakes Fencing: Roof: Age 8 Years or Lesa, Asphalt Shingles Amenities-Unit: Hardwood Floors, Kitchen Window, Patio Parking Char: Detaehed Garage, briveway Asphalt, Garage Door Opener Special Search: Mafn Floor Bedroom Financial Cooperat{na Broker Compensation Buyer Broker Comp: 2.7000 Sub-Agent Comp: 2J000 Facilitator Comp: 2.7000 Variable Rate: Y List Type: Exclusive Right To 3e11 Sale Mortqa�e Information Sale Financial Terms Conventtonal Sale Loan Amount: 5197,242 5 Seller Contributfon: 58,400 ��c ct� Gac TS I�D s' Owner is an Agenf?: No Sellers Terms: Cash, Conventional, bVA, FHA Existing Fin: Free and Clear Listing Agent: David M Hackenmueller 763-591-6025 Listing Office: RE/MAX Reaulta Appt Phone: 763-591-6035 Office Phone: 763-591-6000 This Report Prepared By: Gary Walters 763-569-5715 Information Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. Ai� Rights Reserved. Page 6 of 6 b d r---- O ,i l Compara�tl�e Mari�et Analys��,s i Aprii O5, 2007 Summary of Comparable Listings This page summarfzes the comparable Hstings contalned in this market analysis. Sold Listings Address Price Bds Bth TFSF j/Sq FSize Bulit Style Sold Date DOM S= 6442 Orchard Avenue $160,000 3 2 1700 $94 1,050 1958 ONEST 12/29/2006 29 4911 Brooklyn Boulevard $155,000 3 2 1452 $107 1,050 1947 ONE57 12/15/2006 48 5118 Winchester Lane $164,900 3 1 1758 $94 958 1958 ONEST O1/26/2007 8 7030 Regent Avenue $170,000 3 2 1419 $120 1,020 1958 ONEST 12/11/2006 179 6824 Regent Avenue �167,900 3 1 1445 �116 1,U05 1959 ONEST 11/22/2006 156 5736 Northport Drive $174,000 3 2 1575 $110 1,050 1956 ONEST 11/17/2006 94 6331 Girard Avenue $175,000 3 2 1190 �147 1,040 1957 ONEST 03/30J2007 183 7024 Quai) Avenue $191,499 3 2 1800 �,106 1,000 1957 ONEST 02/09/2007 34 4200 Woodbine Lane $20�,000 3 2 1923 �104 996 1959 ONEST 12/15/2006 32 5301 France Avenue �201,656 3 2 155Q �130 1,034 1955 ONEST 03J09/2007 65 Averages: �175,996 3.0 1.8 1581 �113 1,020 1956 85 Median of Comparable Lfstings: $172,000 Average of Comparable Ustings: �175,996 On Average, the'Sold' status comparable listings sold in 84.80 days for $175,996 Gary Walters A Comparative Market Ana/ysis 763-569-571� 4/5/2007 Property Full Report, Single Family Residential, MLS#: 3286288 6442 Qrchard Avenue N, Brooklyn Center, MN 55429 i �e► N M�pr;�� Status: Sold List Price: 5154,900 „R„ Sold Price: $160,000 „r�, 644t orchard Or' i inal List Price: 5154,900 i�M t1.r M 9 r.� a Map Page: 78 Map Coord: A4 i Directions: Brooklyn Bivd. to 63rd N West to Orchard North to Home. °i G Home faces 65th Ave. corner lot. s rt s TAX INFORMATION MLS Area: 363 Brooklyn Center Year Bullt: 1 8� Property ID: H3311921410024 Style: (SF) One Story Bedrooms: 3 Tax Year: 2006 Const Status: Prevlously Owned Total Beths: Tax Amt: S2,142 Foundation Size` 4,050 Garage: 2 Assess Bal: SO Above Ground Finished SqFt: 1,050 Acres: 0 Tax w/assess: 52,142 Below Ground Finished SqFt: 650 Lot Size: 75x135 Assess Pend: Unknown Tota! Flnlshed SqFt: �,70� Fire Homestead: Yes List Date: 10/24/06 R v ecei ed B MLS: 10/24108 Da n Y y s O Market: 29 Off Market Date: 11/22/2006 Selling Agent: Juan G. Rod�iguez Projected Close Date: 1I20/07 Selling Office: RE/MAX Realty 100 Date Closed: 12/29/08 Generat Property Mformatlon Legai bescription: Lot 24 Biock 1 Bergstroms Lynside Manor County: HennepU School District: 2T9 Oaseo, 763-391-7000 Complex/Dev/Sub: Common Wall: No Restrictfons/Covts Road Fronta e: 9 I Zoning: Residentlal-Single Accessfbilit None Y Remarks Agent Ftemarks: READ CAREFULLY THE FOLL�WING: Click on the supplement for PA. NO E%CEPTI4N3. Ali �pR �p, f* Information and sixes approximate. Agenta verNy all items. Fax all offers to 763-533-9189. USE ATTAGHED PA ONLY. Public Remarks: All information la approximete and estimated. Agents 8 buyers to verify all. Agents please view agent remarks. Structure Infonnatlon Room Level Dimen Other Rooma �evel Dimen Heat: Forced Air Living Rm Main 13x18 Amusement Room Lower 17x9 Fuel: Natural Gas Dining Rm Main 8x9 Deck Main 16x12 Air Cnd: Window I Family Rm Lower 24x12 Den Lower 15x12 Kiichen Main 14x9 Water. City Water Connected Bedroom 1 Main tDx12 Sewer. City Sewer Connected Bedroom 2 Main 10x10 Garage Staiis: 2 Bedroom 3 Main 10x9 Garage Stall Bathrooms: Total: 2 Full: 1 Other Parking: Bedroom 4 3/4: 0 �/Z ��q, p PooL• Bath Description: Dining Room Desc: Family Room Char. Fireplaces: 0 Fireptace Characteristics: Appliances: Infortnation Deemed Reliable But Not Guaranteed. 0 2007 Regional MlS of Minn., Inc. All Rights Reserved. Page 1 of 20 4/5/2007 Property Full Repo�t, Single Family Residential, ML5#: 3286238 6442 Orchard Avenue N, Brooklyn Center, MN 55429 Basement: Full Exterior. Shakea Fencing: Roof: Parking Char. Detached Garage Financial Cooaeratina Broker Comnensation Buyer Broker Comp: 3.�0 Sub-Agent Comp: 0.00 °k Facilitator Comp: 0.00 •h �/ariable Rate: N List Type: Exclusive Right To Sell Sale Mortaas�e information Sale Financial Terms: Conventional SaleLoan Amount: 5152,000 5eller Contributfon: 54,800 G 1 S t Financial Remarks: please View Pa For Financial Terms,lncluding Em RequlredApproval Items, Per Dlem Penalty, .Etc. Owner fs an Agent?: No Seliers Terms Existing Fin: Usting Agent Craig E Murphy 763-433-9133 Listing Office: EPIC Realty, Inc Appt Phone: 866-2T5-6324 Office Phone: 763-433-9133 This Report Prepared By: Gary Walters 763-569-5715 tnformation Deemed Reliabie But Not Guaranteed. 2007 Regional MLS of Minn., Inc. All Rights Reserved. Page 2 of 20 4/5/2007 Property Futl Report, Single Family Residentlal, MLS#: 3269535 4911 Brooklyn Boulevard Brooklyn Center, MN 55429-3405 M ��,u. Status: Sold a` List Price: a164,900 +M� SoldPrice: $155,000 �ii r ----y�„�„� N- Original List Price: 5169,900 M Map Page: 92 Map Coord: B2 y DireCtivns: Hwy 100 to Brooklyn Blvd, N-- south to home Ah A,i� N �=.�a: '6, 7AX INFORMATION MLS Area: 363 Brooktyn Center Year Buift: Property ID: H1011821140018 5tyle: (SF) One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: Tax Amt: 52,108 Foundatlon Size: 1,050 Gerage: 2 Assess BaL• SO Above Ground Finished SqFt: 1,452 Acres: 0.40 ,-Tax w/assess: 52,108 Below Ground Finished SqFt: 0 Lot 51ze: 75x229 Assess Pend: No Total Finished SqFt: 1,452 Fire Homestead: Yes List Date: 9N9/08 Received By MIS: 8119/06 Days On Market: 48 Off Market Date: 11/20/2006 Selling Agent: James Kimari Projeeted Close Date: 72/15/06 Selling Oitice: RElMAX Advantage Plus Date Ciosed: 12/15/06 Generat Property Information Legal Description: Brooklyn Manor Brooklyn Ctr Lot 004 Block 001 County: Hennepin School District: 281 Robbinsdale, 763-504-8000 Camplex/Dev/Sub: Common Wall: No Restrictlons/Covts: Road Frontage: City Zonfng: Residential-Single Accessibillty: None Remar�cs Agent Remarks: SELLER WILL PAY 4000 TOWARDS BUYER3 CC. ALMOST .5 ACRE LOT, 38R/2BA. SOLID HOUSE WI SOLID MECHS. LOT3 OF SPACE. UPDATE FOR INSTANT ECIUITY. GARAGE WI10x20 WORKROOM. FREESTANDING SHED FOR EXTRA STORAGE. 3RD BEDROOM COULD ALSO BE FAMILY ROOM. Public Remarks: A GREAT VALUE IN BROOKLYN CENTERI ALMOST .5 ACRE LOT, 3BRI26A. SOLtD HOUSE W/ SOLID MECHS. LOTS OF SPACE. UPDATE FOR INSTANT EQUITY. GARAGE W/1Dx20 WORKROOM. FREESTANDING SHED FOR EXTRA STORAGE. 3RD BEDROOM COULD ALSO BE FAMILY ROOM. St�vcture Infonnation Room Level Dimen Other Rooms Level Dimen Heat: Hot Water, In-Floor Heating Living Rm Main 19x12 Laundry Main 10x5 Fuel: Natural Gas Dining Rm Main 11x9 Air Cnd: None Family Rm Main 17x10 Water. City Water Connected Kitchen Main 10x9 Bedroom 1 Main 12x10 Sewer: Clty Sewer Connected Bedroom 2 Main 14x12 Garage Stalls: 2 Bedroom 3 Main 17x10 Garage Stall Bathrooms: Total: 2 Full: 1 Other Parking: 2 Bedroom 4 3/4: 0 1/2: 1 1/4: 0 PooL• Bath Description: Main Floor 1/2 Bath, Main Floor Full Bath Information Deemed Retiable But Not Guaranteed. m 2007 Regional MLS of Minn., Inc. All Rights Reserved. Rage 3 of 20 4/5/2007 Property Full Report, Single Famfly Residentiai, MLS#: 3269535 4911 Brooklyn Boulevard Brookiyn Center, MN 55429 Di�ing Room Desc: Famity Room Char. Fireplaces: 0 Fireplace Characteristics: Appliances: Dryer, Range, Refrigerator, Washer Basement: Partial Exterior: MetalNinyl Fencing: None ��f Asphalt Shingtes Amenities-Unit: Kitchen Window Parking Char. Detached Garage Special Searoh: 3 BR on One Level, Maln Floor Laundry �inanclal Coo ratfnQ Broker Comaensaticn Buyer Broker Comp: 2JOX Sub-Agent Comp: 0.00� Facilitator Comp: 0.00% Variable Rate: N Ust Type: Encluslve Right To Se0 Saie Mortq�e Informatton Sale Financial Terms: FMA Sale Loan Amount: Seller Contribution: i0 Owner ts an Agent?; No Seliers Tetms: Cash, Gonventlonal, DVA, FHA Existing Fin: Ltsting Agent: Ben Gitler 612-827-9480 Ltsting Office: Coldwell Banker 6umet Appt Phone: 612-827-9499 Offlce Phone: 612-827-4781 This Report Prepared By: Gary Waltera T63-569-5715 Information Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. Ail Rights Reserved. Page 4 of 20 4/5/2007 Property Fuli Report, Single Family Residential, MLS#: 3309044 5118 Winchester Lane, Brooklyn Center, MN 55429 M�anr Status: Sold List Price: �764,900 Sold Price: $164,900 ails wMcMsci Onginal List Price: 5164,900 i �y, Map Page: 77 Map Coord: E4 Directions: Brooklyn Blvd to 63rd Ave ,West to Unity, Narth to Winchester, U s East to home. 63n1 Me N �Y� �Ml� TAX INFORMATION MLS Area: 363 Brooklyn Center Year Bulft: 1 9� Property ID: H3311921130028 Style: (SF) One Story Bedrooms: 3 Tex Year: 2006 Const 5tatus: Previously Owned Total Baths: 7ax Amt: 52,104 Foundation Size: 958 Garege: Assess Bal: ;0 Above Ground Finished SqFt: 958 Acres: 0.00 Tax w/assess: 52,104 Below Ground Finished SqFt: 800 Lot Size: 80x118 Assess Pend: No Totai Finished SqFt: �,T58 Fire Homestead: Yes Ltst Date: 112/0T Received By MLS: 1!4/OT Days On Market: 8 Off Market Date: 01I10/2007 Setling Agent: Tara M. O'Brien ProJected Close Date: 1/26/07 Selling Office: RH3 Rsalty bate Closed: 1/26/07 General Property Infonnation Legal Description: Donnays Brookl.yn Gardens 3rd Addn Lot 028 Biock 003 County: Nennepin School District: 279 Osseo, T63-381-7000 Complex/Dev/Sub: Common Wall: No Restrictions/Covts: Lot bescription: Tree Coverage Medtum Road Frontege: City, Paved 3treets Zonfng: Residentlal-3ingle AccessibiUty: None Remarks Agent Remarks: Go�sorate owned. Property soid "AS IS". Required adde.ndums on supplements. Closing to be �v�c.tz conducted by seilers closer. PubliC Remarks: Great Opportunityiil This is for all. 1st time home owners or Inveators not afreid of a Iittle workl Needs TLC on quiet street. Expreas path flnancing available. Some rehab started, egress w{�dow, bay window, patio door. Hurry on thfs onel Structure trtformation Room l.evel Dimen Other Rooma Level Dimen Heat: Forced Alr Living Rm Mafn 20x13 Laundry Lower 15x9 Dining Rm Main 12x9 Fuel: Natural Gas Family Rm Lower 13x20 Air Cnd: Central Kitchen Main 17x10 Water. City Water Connected Bedroom 1 Main 11x13 Sewer: City Sewer Connected Bedroom 2 Main 17x1? Garage Stalls: 2 Bedroom 3 Lower 13x8 Garage Statl Bedroom 4 Bathrooms: Total: 1 Full: 1 Other Parking: 3l4: 0 1/2: 0 1/4: 0 Poo1� None Bath Descnption: Main Floor Full Bath Dining Room Desc: Eat In Kitchen, Separate/Formai Dining Room Family Room Char. Lower Level Firepfaces: 0 Fireplace Characteristics: Information Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. RII Rights Reserved. Page 5 of 20 4/5/2007 Property Full Report, Singie Family Residential, MLS#: 3309044 5118 Winchester Lane, Brooklyn Center, MN 55429 Appliances: None I Finished Livable Full Basement: Exterior: Wood Fencing: Chain Link, Wire Roof: Asphait Shingles Amenities-Unit: Deck, Kltchen Window, WasherfDryer Hookup Parking Char. Det�ched Garage, Driveway Asphalt Financial Cooaeratina Brokar Comaensation Buyer$roker Comp: 3.00 Y. 5wb-Agent Comp: 0.00 Facilitator Comp: 3.00 �o Variable Rate: N List Type: Exclusfve Right To Setl Sate Mortc,Lge lnformatiQn Sale Financial Terms: Conventfonal Sale Loan Amount: 5131,920 Selier Contribution: SO Financial Remarks: Thfs Propetty Is Approved For Expreas Path Financing. Please Contact Listing Agent For More Info. Owner is an Agent?: No Sellers Terms: AdJ. Rate/Gr Payment, Cash, Conventfonal, DVA, FHA, Speclal Funding Existfng Fln: Free and Clear Listing Agent: Steve Kraft 672-701-8924 Listing Office: Counselor Realty Appt Phone: 763-792-T080 Office Phone: 763-786-0600 Thls Report Prepared By: Gary Walters 763-569-5715 I MLS of Minn. Inc. All Ri hts Reserved. Page 6 oi 20 Infortnation Deemed Reliable But Not Guaranteed. m 2007 Regiona 9 4/5/2007 Property Full Report, Single,Family Residential, Ml5#: 3212686 7030 Regent Avenue N, Brookiyn Center, MN 55429-125T r M�p�,� Status: Sold a►..�P.t List Price: �169,900 u f Sold Price: $170,000 Original List Price: 5196,000 Map Page: 77 Map Coord: E4 s Directions: 69th Avenue to Regent TAX INFORMATtON MLS Area: 363 Brooklyn Center Year Built: 19 Property ID: H2811921440057 Style: (SF) One Story Bedrooms: 3 Tax Year: 2006 Const Status: Prevlously Owned Total Baths: Z Tax Amt: SZ,303 Foundation 512e: 1,020 Garage: 2 Assess Bal: ;0 Above Ground Finished SqFt: 1,020 q��s; 0.24 Tax w/assess: 52,302 Below Ground Finished SqFt: 399 Lot Size: 137X75 Assess Pend: Unknown Total Finished SqFt: 1,419 Ffre Homestead: Yes List Date: 6I2/06 Recefved By MLS: 6/2/06 Days On Market: 1�9 Off Market Date: 11/27I2006 Selling Agent: Rocco J. Lombardl ProJected Close Date: 11/30/08 Selling Office: Morelos Realty inc bate Closed: 12l11/08 �et�etal Property Information Legal Description: MILLERS WILLOW LANE 2ND AbDN LOT 3 BLK 1 County: Hennepin School Distdct: 279 Osseo,�763-391-7000 ComplexlDev/Sub: Common Watl: No Restrictions/Covts: Lot Descriptfon: 7ree Coverege Medium Road Frontage: Clty Zoning: Residential-3ingle Accessibility: None RBtnarks Agent Remarks: "gank wlll loak et all offers and contrlbute to closing cost" Corporate Owened SOLD AS-IS. NO WARRANTIES. FAX ALL OFFERS TO SCOTT 763-252-3533. �p �t �C�O� S� Public Remarks: GREA7 RAMBLER OFFERS. 3BR'S ON ONE LEVEL, HARDWOOD FLOORS,SOME NEWER WINbOW3, BAY WINDOW IN LlVINGROOM, TILED FLOORS, LOWER LEVEL FAMILY ROOM, 2 CAR GARAGE 6 NICE StZE BACK YARD S#ructure Infarmation Room Level Dfinen Other Rooms Level Dimen Heat: Forced Alr Living Rm Main 22X13 Fuel: Natural Gas Dining Rm Main 12X10 Alr Cnd: CentraF Family Rm Lower 13X12 Water. City Water Connected Kitchen Main 16X8 8edroom 1 Main 11 X11 Sewer. City Sewer Connected Garage Stalls 2 Bedroom 2 Main 11X9 Garage 5tall Bedroom 3 Main 16X10 gathrooms: Total: 2 Full: 1 Other Parking: Bedroom 4 3/4: 1 1/2: 0 1/4: 0 PooL• Bath Description: 314 Basement, Main Floor Full Bath Dining Room Desc: Eat tn Kitchen, Separate/Formal Dining Room Family Room Char. Lower Level Fireplaces: 0 Fireplace Characteristics: Infortnation Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., tnc. All Rights Reserved. Page 7 of 20 4/5/2007 Property Full Report, Single Family Residentiai, ML5#: 3272686 7030 Regent Avenue N, Brooklyn Center, MN 55429 APPliances: Basement: Egress Windows, Finished (Livable), FuU Exte�lor. Wood Fencing: Rovf: Asphalt Shfngies Amenities-Unit: Deck, Hardwood Floors, Kitchen Window, Natural Woodwork, Vaulted Celling(s) Parking Char. Attached Garage Speclal Search: 3 BR on One Level, Mafn Floor Bedroom Financial C000erattna Broker Comaensatlon Buyer Broker Comp: 2.75 Sub-Agent Comp: 0.00 Facliftator Comp: 0.00 Variable f2ate: N List Type: Exclusive Right To 3eU Sale Mortq�e Information 5ale Ffnancial Terms: Conventfonal Sale Loan Amount: 50 Seller Contributfon: SO Owner is an Agent?: No Sellers Terms: Cash, Conventional E�cfstfng Ffn: Usting Agent: Team Miles 651 755-1657 Listing �ffice: Re/Max Real Estate Properties Appt Phone: T63-754-9292 Office Phone: 763-755-1100 This Report Prepared By: Gary Wakers 763-569-5T15 Information Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. Ali Rights Reserved. Page 8 of 20 4!5/2007 Property Full Report, Single Fam(ly Residentiel, MLS#: 3223475 6824 Regent Avenue N, Brooklyn Center, MN 55429-7662 �p� r Status: Sold List Price: 5169,900 Sold Price: $167,900 6�2411�qlnt a e�► �„e M n� Ori inal List Price: 5159,900 9 II C�A�t Map Page: 77 Map Coorci: E4 Directions: BROOKLYN BLVD TO 69TH a AVENUE, WEST TO REGENT, 50UTH TO HOME. t EH►A.ell v. .r: t s �:.1'r �.L.... .n w�sw�rra►wn�a�. ;r.. +6sM Me 11 TAX INFORMATION MLS Area: 363 Brooklyn Center Year Built: 1959 Property ID: H3311921110091 Style: (SF) One Story Bedrooms: 3 Tax Year: 2005 Const Status: Prevlaualy Owned Total Baths: Tax Amt: 57,809 Foundation Slze: 1,005 Garage: Z Assess BaL• SO Above Ground Finished SqFt: 1,005 Acres: Tax w/assess: 51,809 Below Ground Finished SqFt: 440 Lot Slze: 75X134 Assess Pend: Unknown Total Ffnlshed SqFt 1,445 Fire Homestead: Yes Llst Date: 8/22/06 Received By MLS: 6l22/06 Days On Market: 156 Off Market Date: 11/24/2006 Selling Agent: Judlth A Marshlk Projected Close Date: 11/22106 Selling Office: RE/MAX Results Date Closed: 11I22/06 General Property Information Legal Descriptlan: LOT 4 BLOCK 1 NORDSTROMS TERRACE Gounty: Hennepin Schoo� District: 279 Oaaeo, 763-391-7000 ComplenlDev/Sub: Common Wall: No RestrlcUons/Covts: Lot Descr{ptbn: Tree Coverege Medfum Road Frontage: Clty, Paved Streeta Zoning: Resldential-Single Accesslblllty: None Remark s Agent Remarks: perfect home for anyone looking for a Ilttle flxer-upperl Home Is going through short sale. All r offers subJect to bank approval. Bring ALL offers-sllow 1-2 weeka for offer conflrmatian from �sC LO"� bank.Agenta to verify all Info. "AS-IS" Addendum required. Public Remarks: Perfect home for the handyman or tirst time home buyer looking for a Ilttle fixer-upperl Nlce home In qufet nelghborhood. Nlce slzed ifving room, house needs a Ilttle TLC. Prlced below market value, don't paas this one upl Structure lnformatlon Room Level Dlmen Other Rooma Level Dimen Heat: Forced Alr Living Rm Main 13X22 Dining Rm Main 7X11 Fuel: Natural Gas Air Cnd: Central Family Rm Lower 12X20 Water: City Water Connected Kitchen Main 7X11 Sewer. City Sewer Conneated Bedroom 1 Main 9X12 Garage Stalls: 2 Bedroom 2 Main 9X10 Garage Stall Bedroom 3 Main 9X10 Other Parking: 0 Bathrooms: Total:1 Full:1 Bedroom 4 3/4: 0 1/2: 0 114: 0 Pool: Bath Descnption: Matn Floor Full Bath lnformation Deemed Reliable But Not Guaranteed. m 2007 Regional MLS of Minn., Inc. All Rights Reserved. Page 9 of 20 4/5/2007 Property Full Report, Single Family Residential, MLS#: 32234T5 6824 Regent Avenue N, Brooklyn Center, MN 55429 Dining Room Desc: Kitchen/Dining Room Famfly Room Char: Lower Level Fireplaces: 0 Firepiace Characteristics: Appliances: Dryer, Range, Refrtgerator, Washer Basement: DaylfghULookout Windows, Draln Tiled, Full Exterior: Shakes Fencing: Chain Link Roof: Age 8 Years or l.ess, Asphait Shingles Ame�ities-Unit: Hardwood Fioors, Kitehen Window, Washer/Dryer Hookup Parking Char: Detached Garage, Driveway Asphalt Financiat C000eratina Broker Compensation Buyer Broker Gomp: 2.50 X Sub-Agent Comp: 0.00 Facilftator Comp: 0.00 Variable Rate: N List Type: Exclusive Right To Sell Sale Mortaaae Informatlon Sale Ffnancfal Terms: Conventlonal Sale Loan Amount: 5166,900 Seller Contribution: SO Owner is an Agent?: No Sellers Terms: AdJ. Rate/Gr Payment, Cash, Conventionai, DVA, FHA Existfng Ffn: Conventfonal Listing Agent Jon D. Pennington 612-360-0815 Listing Office: RE/MAX AlNance Appt Phone: 866-275-6321 Offiee Phone: 651-379-10Q0 This Report Prepared By: Gary Waltsrs 763-569-5715 Infortnation Deemed Reliable But Not Guarenteed. 2007 Regional MLS of Minn., Inc. AlI Rights Reserved. Page 10 of 20 4/5i2007 Property Full Report, Single Famlly Residential, MLS#: 3248533 5736 Northport Drive Brooklyn Center, MN 55429-3019 M M�� StatUS: Soid List Price: 5169,900 y Sold Price: $174,000 s7ad Natt�port w, �p. Original List Price: ;189,900 x d Map Page: 92 Map Coord: A1 Directions: 694 TO BROOKLYN BLVD (S) TO CTY RD 10 (BASS LK RD) (N1� TO NORTHPORT DR (S) TO HOME ieee.�r�w.to»warne�.. re. TAX INFORMATION MLS Area: 363 Brooklyn Center Year Buik: 19 Property ID: H0311821130088 Style: (SFj One Story Bedrooms: 3 Tax Year. 2006 Const Status: Previously Owned Total Baths: Tex Amt: 52,221 Foundation Size: 1,050 Garage: Z Assess Bet: SO Above Ground Finished SqFt: 1,�5� Acres: 0.03 Tax w/assess: 52,221 Below Ground FiNshed SqFt: 525 Lot Slze: 73.67 X 110 Assess Pend: Unknown Total Fin(shed SqFt: 1,575 Ffre Homestead: Yea List Date: 8/8/OB Recefved By MLS: 8/S/06 Days On Market: 94 Off Market Date: 11110/2006 Selling Agent: Keily M. Arbuckle ProJected Close Date: 11/17/06 Selling Oifice: RE/MAX Action Weat Date Ciosed: 11/1T/06 Generai Property informatlon Legal bescriptlan: REG LANb 3URVERY NO 0534 LOT BLK TRACt A EX HWY County: Henn�pin School Distrfct: 281 Robbinsdale, 763-504-8000 Complex/Dev/Sub: Common Wall: No Restrictions/Covts: Lot Description: Clty Bus (w/in 6 blks), Corner Lot, Tree Coverage Light Road Frantage: City, County Zoning: Residentlal�ingle Access�bflity: None Remarks Agent Remarks: 1 YR HOME WARRANTY Public Remarks: GREAT KITCHEN WITH OAK CABINETRY"EAT-IN KITCHEN'LARGE LNING RM`3 BEDROOMS ON MAIN*BATH ON MAlN NEEDS SOME WORK'NEEDS SOME TLC ANb.UPDATING IN LOWER LEVEL'CORNER LOT`IARGE DOUBLE DETACHED GARAGE Strvcture Information Room Level Dimen Other Rooms Level Dimgn Heat: Forced Air Living Rm Main 24X13 Exercise Room Lower 11X10 Fuel: NaturaF Gas Dining Rm Office Lower 10X09 Family Rm Lower 13X13 Air Cnd: Central Kitchen Main 18X12 Water: Cky Water Connected Bedroom 1 Main 13X11 Sewer. City Sewer Connected Bedroom 2 Main 11X10 Garage Stalis: 2 Garage Stail Bedroom 3 Main 10X09 gathrooms: Total: 2 Full: 7 Other Parking: Bedroom 4 3l4: 1 1/2: 0 1/4: 0 Pool: Bath Description: 3l4 Basement, Mai� Floor Full Bath Dining Room Desc: Eat In Kitchen, Living/Dining Room Family Room Char. Lower Level Fireplaces: 0 Firepiace Characteristics: Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Wall Oven, Washer information Deemed Reliable But Not Guaranteed. 2007 Regional MLS oi Minn., Inc. RII Rights Reserved. Page 11 of 20 4/5/2007 Property Full Report, 5ingle Family Residential, MLS#: 3248533 5736 Northport Drive Brooklyn Center, MN 55429 Basement: Finished (Llvable), Full Exterior. BricklSton�, Stucco Fencing: Wood Roof: Asphalt Shingles Amenities-Unit: Hardwood Floors, Kitchen Window, Natural Woodwork' Parking Char: Detached Garage, Driveway Asphalt, Garage Door Opener Financial Cooneratina Broker Comnensation Buyer Broker Comp: 2.70 �o Sub-Agent Comp: 0.00 Facilitator Comp: 0.00 Variabie Rate: N List Type: Exciusfve Rfght To Sell Sale Mortaaae Information Sale Financial Terms: Gonventfonal Sale Loan Amount: 5174,000 8eller Contributlon: 55,000 a j 5 Owner is an Agent?: No Sellers Terms: Adj. Rate/Gr Payment, Cash, Conventfonal, FHA Exlsting Fin: Free and Cleat Usting Agent: Dawn M Jarl 612-388-9000 Listing Office: Gounselor Reaity, Inc Appt Phone: 763-416 2451 Office Phone: 763-42b-7080 This Report Prepared By: Gary Walters 763-569-5715 information Deemed Reliabfe But Not Guaranteed. 0 2007 Regional MLS of Minn., Inc. All Rights Reserved. Page 12 of 20 4/5/2007 Property �ull Report, Singie Family Residential, MLS#: 3260112 6331 Girard Avenue N, Brooklyn Center, MN 55430-1833 �y Map�anr Status: Sold List Price: �182,000 Svld Price: $175,000 s991 tiihre Original List Price: 5199,900 a� Map Page: 78 Map Coord: c4 Directions: I 94! 494 spiit take 94 to t Shingle Creek Prkwy N to Freeway dMr N Blvd W to Girard Ave N, S to Home j s�� `,�,.d. "-:,S'.. Mrarir�Ma*�s�4.aMdr4re. TAX INFORMAtION MLS Area: 363 Brooklyn Center Year Buflt: 1957 Property ID: H3617921320064 Style: (SF) One 3tory Bedrooms: 3 Tax Year. 2006 Const Status: Previously Owned Total Baths: Z Tex Amt: 52,256 Foundation Size: 1,040 Gerage: Z Assess BaL• SO Above Ground Finished SqFt: 1,040 Acres: 0 2 5 Tax w/assess: 52,258 Belaw Ground Finished SqFt: 1� Lot Size: Irregular Assess Pend: Unknown Total Finished SqFt: 1,190 Fire Homestead: Yes List Date: 8/29f06 Received By MLS: 8/30/06 Days On Market: 183 Off Market Date: 02l28/2007 Selling Agent: Ryan S. Johnson ProJected Close bate: 4l30I07 SelNng Office: Real Estate 2000, inc Date Closed: 3I30/07 Genetat Property Information Legal Description: Grandvlew Manor lot 3 block3 County: Hennepin School bfstrict: 286 Brooklyn Center, 763-561-2120 Complex/Dev/Sub: Grandview Manor Cammon Wall: No Restrictions/Covts: Road Frontage: Zoning: Reaidential-Singie Accessibllity: Other Retnarks Agent Remarks: 4 different entries on this one atory. Large treated deck in back for entertainment. New Siding, Deck, Furnaca, AfC, Windows. 200 Sqft of Patlo. 24x20 garage w/ Electricity. Matured trees, landscaping 9975 Sqft Lawn. Public Remarks: 4 different entries on this one story, Large treated deck in back for entenainment. New Siding, Deck, Furnace, A/C, Windowa. 200 Sqft of Patlo. 24x20 garage wl Electricity. Matured trees, landscaping St�ucture Information Room Level Dirr�en Other Rooms Level blmen Heat Foreed Air Living Rm Main 12x14 Deck Main 45x17 Dining Rm Main 11x10 Patio Main 8x15 Fuel: Naturel Gas Family Rm Main 8x10 Air Cnd: Central Water. City Water Connected Kitchen Main Bx12 Sewer. City Sewer Connected Bedroom 1 Main 12x13 Bedroom 2 Main 10x11 Garage Stalls: Z Garage Stall Bedroom 3 Basement 10x13 gathrooms: Totai: 2 Full: 1 Other Parking: Bedroom 4 3/4: 0 1/2: 0 1/4: 1 Poof: Bath Descnption; Mafn Floor Full Bath Dining Room Qesc: Infortnal Dining Room, Seperate/Formal Dinfng Room Family Raom Char: Main Level Fireptaces: 0 Fireplace Characteristics: Information Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. AIf Rights Reserved. Page 13 of 20 4/5/20D7 Property Full Report, Single Famity Residential, MLS#: 3260112 6331 Girard Avenue N, Brooklyn Center, MN 55430 APpl4ances: Basement: Full Exterior. Fiber Board, Wood Fencing: Roof: Asphait Shingles Amenities-Unit: Deck, P�tio Parking Char: Detached Garage, Ddveway Asphalt Financial C000eratina Broker Comoensation Buyer Broker Comp: 2.70�o Sub-Agent Comp: O.00No Facilitator Comp: O.00yo Variable Rate: Y List Type: Exciusive Rfght To Sell Sale Mortaaae information Sale Financial Terms: Conventional Sale Loan Amount: S1T5,OQ0 Seller Cont�ibution: 55,280 S Owner is an Agent?: No Seliers Terms Existing �in: Listing Agent Trevor J. Link T63 271-7653 Listing Office: Assist 2 Sell Ltnk Your Home R Appt Phone: 763-2T1-7653 Office Phone: T63-271-7653 This Report Prepared By: Gary Walters 763-569-5715 Information Deemed Reliabie But Not Guaranteed. 2007 Regional MLS of Minn., Inc. Ail Rights Reserved. Page 14 of 20 4/5/2007 Propetty FuU Report, Single Family Residential, MLS#: 3303594 7024 Quail Avenue N, Brooklyn Center, MN 55429-1229 t a us er..w.n.k St t Sold i,�.+:�,,-�-- List Price: 5189,999 g a�;_; Sold Price: $191,499 Original List Price: ;189,999 y Y:, f p Map Page: 77 Map Coord: E4 si� Directions: BROOKLYN BLVD TO 69TH M p AVE, W TO QUAIL, N TO HOME 6�A�cN �A�N TAX INFORMATION MLS Area: 3B3 Brovktyn Center Year Buift: 1957 Style: (SF) One Story Property ID: H2811921440029 Bedrooms: 3 Tax Year: 2006 Const Status: Prevfously Owned Total Baths: Z Tax Amt: i1,951 Foundation Size: 1,000 Garage: z Assess Bal: SO Above Ground Finished SqFt: 1,000 Acres: Tax w/assess: 51,951 Below Ground Finished SqFt: B00 Lot Size: 74X133XT1X128 Assess Pend: No Total Finished SqFt: 1,800 Fire Homestead: Yes List Date: 12/13/06 Received By MLS: 12N 3/06 Days On Market: 34 Off Market bate: 02I08/2007 5elling Agent:. Ryan F. Karasek Projected Close Date: 2/16l07 Selling Office: Edfna Realty, �inc. Date Closed: 2/S/07 Generai ProQe�ty informatlon Legal Description: LOT 15 BLOCK 1 MILLERS WILLOW LANE 1ST ADDN County: Hennepin School District: 2T9 Osseo, 763-391-7000 Complex/Dev/Sub: Miilera Wiliow Common Wall: No RestrfetionslCovts Lot Descriptlon: Tree Coverage Light Road Frontage: City, Curba, Paved Streets Zonfng: Resldentlal-Single Accessibility: None Remarks Agent Remarks: Agents pleese verify msrmnts. Thfs home is a MUST see! Ftrs new carpet, tfled flrs, remdeid kit, fenced yrd 8 flnished LL w/built In aquarlum. MANY updatesl Note: 3rd BR on main turned into dirting room, LL BR has nonconforming wfndow. Public Remarks: IMMACULATE AND WELL-MAINTAINED RAMBLER. 7his rneticulous home features new carpet, tlled flra, fenced yard flniahed lower level Incl. bullt in aquarlum. 4uiet n'hood close to schools, parks 6� downtownl MUST SEE many updatesl See V-Tour In Supplements Structure Information Room Level Dimen Other Rooms Level Dirrien Heat: Forced Afr Living Rm Main 13 x 22 Exercise Room Lower Fuel: Natural Gas Dining Rrrr Main Laundry Lower Family Rm Lower 20 x 13 Air Cnd: Central Kitchen Main 12 x 16 Water. City Water Connected Bedroom 1 Main 12 x 13 Sewer. City Sewer Connected Bedroom 2 Main 10 x 11 Garage Stalls: 2 Bedroom 3 �ower 11 x 12 Garage Stall Bedroom 4 Bathrooms: Total: 2 Full: 1 Other Parking: 0 3/4: 1 1/2: 0 1/4: 0 Po°I: None Bath Description: 3/4 Basement, Main Floor Fuli Bath Information peemed Relieble But Not Guaranteed. O 2007 Regional MLS of Minn., Inc. All Rights Reserved. Page 15 of 20 4/5/2007 Property Full Report, Single Family Residentlai, MLS#: 3303594 7024 Quaii Avenue N, Brooklyn Center, MN 55429 Dining Room Desc: Livfng/Dfning Room, Separate/Formal Dining Room Family Room Char. Lower Level Fireplaces: 1 Fireplace Characteristics: Family Room, Gas Burning Appifances: bishwasher, Dryer, Mlcrowave, Range, RefHgerator, Washer Basement: Finished (Livable), Full Exterior: MetalNinyl Fencing: Chain Link Roof: Age S Years or Less, Asphalt Shingles, Pitched Amenities-Unit: Hardwood Floors Parking Char: Detached Garage, Garage Door Opener Specfal Search: Main Floor Bedroom Financlai Cooaeratina Broker Comnensation Buyer Broker Comp: 2.T0 Sub-Agent Comp: 0.00 7� Facilftator Comp: 0.00 Variable Rate: N List Type: Exclusive Right To Sell Sale Mortqa,pe Informatfon Sale Financial Terms: FHA Sale Loan Amount: 5180,405 Seller Contribution: 55,000 GS Owner is an Agent?: No Sellers Terms Caah, Conventlonal, DVA, FHA Existing Fin: Conventional, Free and Clear Lfst}ng Agent: Wade A Klick 763-591-G049 Listing Office: RE/MAX Resuits Appt Phone: 763•591-6035 Office Phone: 763-591-B000 This Report Prepared By: Gary Walters 763-569-5715 Information Deemed Reliable But Not Guaranteed. 0 2007 Regional MLS of Minn., inc. Ail Rights Reserved. Page 16 of 20 4/5/2007 Property Fuil Report, Single Famity Residential, MLS#: 3287702 4200 Woodbine Lane N, Brooklyn Center, MN 55429-1346 M�� Status: Sold h x List Price: 5199,900 a+d� e+�4�+�t Sofd Price: $200,000 420o woodbin� Original List Price: 5199,900 __:.�i M; Map Page: 78 Map Coord: Il3 Directions: Brookiyn Blvd to Noble, ��i� North to Woodbine, East to home c.r.r 7ah�N �..oa ira�li.a/�rosr.�. TAX INFORMATION MLS Area: 363 Brookiyn Center Year BufR: �g Property ID: H2711921310083 Style: (SF) One Story Bedrooms; 3 Tax Year. 2006 Const Status: Previously Owned Total Baths: 2 Tax Amt: 52,271 Foundation Size: 996 Garage: 2 Assess $al: SO Above Ground Finished SqFt: 1,221 Acres: 0.00 Tax wlassess: 52,271 Below Ground Finished SqFt: 702 Lot Size: 75 x 132 Assess Pend: Unknown Total Ffnished SqFt: ��9Z3 Fire Homestead: Yes List Date: 10/27/06 Received By MLS: 10/27/06 Days On Maricet: 32 Off Market Date: 11/28/2006 Seliing Agent: James L Swlft Projected Close Date: 12/15/06 Selling Office: RE/MAX Results Date Ctosed: 12/15/06 General Property Information Legal Description: Northbrook Manor 4th Addn Lot 5 Block 1 County: Hennepin School District: 279 Osseo, 763-391-7000 Complex/Dev/Sub: Common Wall: No Restrictions/Covts: Road Frontage: City Zoning: Residential-Single Accessibllity: None Remarks Agent Remarks: Fabulous 3+; BR in perfect quiet nelghborhood. Home borders Brookdale Park 8 Palmer Lk v+rl walking paths, a creek many deer. Beautiful 3 season knotty pine porch w/ vaulted cetling. Updated kltch, gorgeous hw ftoors.2 non-conforming BRs down morel Public Remarks: Fabulous 3++ BR in perfect quiet neighborhood. Home borders Brookdale Park 8 Palmer Lk w/ walking patha, a creek many deer. Beautiful3 season knotty pine porch w/ vaulted ceilfng. Updated kitch, gorgeous hw floors.2 non�onforming BRs down morel Structurs Informatlon Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 21 x 11 Den Lower 15 x 7 Fuel: Natural Gas Dining Rm Foyer Main 4 x 4 qir Cnd: Central Family Rm Lower 23 x 16 Office Lower 15 x 11 y�rater. Clty Water Connected Kitchen Main 16 x 1 Z Porch Main 15 x 15 Sewer: City Sewer Connected Bedroom 1 Main 14 x 11 Bedroom 2 Main 11 x 10 Garage Stalts: 2 Garage Staii Bedroom 3 Main 11 x 9 gathrooms: Total: 2 Full: 1 Other Parking: Bedroom 4 3/4: 1 1/2: 0 1/4: 0 Pool: Bath Description: 3/4 Basement, Main Floor Full Bath Dining Room Desc: Eat In Kitchen Family Room Char. Lower Level Fireplaces: 0 Fireplace Characteristics: Infortnation Deemed Reliabie But Not Guaranteed. 2007 Regional MLS of Minn., Inc. All Rights Reserved. Page 17 of 20 4!5/2007 Property Full Report, Single FamNy Resldential, ML5#: 3287702 4200 Woodbine Lane N, Brooklyn Center, MN 55429 Appllances: Qishwasher, Dryer, Freezer, Mfcrowave, Range, Refrigerator, Washer Basement Finished (Livable), Full Exterior. Wood Fencfng: Chain Llnk, Wire Roof: Age 8 Years or Less, Asphalt Shingles Amenfties-Unit: Hardwood Floors, Kitchen Window, Natural Woodwork, Porch, Vaulted Ceiling(s), Washsr/Dryer Hookup Parking Char. Detached Garage, Garage Door Opener Special Search: 3 BR on One Level, Maln Floor Bedroom Financial Cooaeretlnq Broker Compensation Buyer Broker Comp: 2.�0 Sub-Agent Comp: 0.00 X FacBitator Comp: 0.00 Variable Rate: Y List Type: Exclusive Right To Seii Sale Mortg�e Information Sale Financial Terms: Conventional Sale Loan Amount: 5150,000 Seller Contrlbution: ;6,000 C(G 3 k Owner is an Agent?: No Sellers Terms: Cash, Conventional, DVA, FHA Existing Fin: Free and Ciear Listing Agent: Jennifer Smittkamp 651-387-1264 Lfsting Offlce: Century 21 Jay Biank Appt Phone: 851-645-5581 Office Phone: 651-645-5561 This Report Prepared By: Gary Walters 763-569-5715 tnfortnation Deemed Reliable But Not Guaranteed. 2007 Regional MLS of Minn., Inc. AilRights Reserved. Page 18 of 20 �111� a 5�0 Edin�� npl�D�.�" Brooklyn i�ark, MN 1 Annette Boone �SAZ4 Mobile: (612) 599-3621 Fax: 763-315-5555 f� 0/� ��`f'C� l��p annetteboone@edinarealty.com �i annetteboone.edinarealty. com �O T My neighbors at L 3613 VIOLET AVE N You have new neighbors at BROOKLYN CENTER MN 55429 4000 71st Ave N /Ue� r�� y� There's no obligation to find out p� what your home is worth. G f °`��C'c�e� Call Annette today, 612 �S �o a h�. f t t i(� mad` is dee rel le 6ut guazancaed. It�ilii�llllltill��lllf�itlftlll�lil�N II�Ii11�it�fFlli� �l�'��f� W elcome Home 7136 Grimes Ave N. Brooklyn Center i T u� I Bedroom 1 11 x 10 Bedroom 2 11 x 10 With bedrooms on the ma.in level and a 4th non- Bedroom 3 11 x 13 conforming bedroom or office on lower level this Kitchen 17 x 12 home has plenty of room This home features a Living Room 22 x 13 knotty pine family room and huge backyard. It is Family Room 20 x 12 located on a nicequiet neighborhood near Palmer Office 10 x 08 Lake, pazks, and schooLs. Don't forget to check out the hardwood floors and newer appliances. Seller Bathrooms 2 is motivated. School District 279 Osseo Finished Square Ft 1,500 sqft Taxes $2,035 Year Built 1958 ��tilll�� a�rtna.•rv The Montgomery-Gonzalez Team Nicholas J. Montgomery Cynthia Montgomery-Gonzalez �al,TOUS� Cynthia Cell 763-286-6798 Nicholas Cell 763-286-1295 Nicholas Cynthia Gerordo Fax 763-862-6995 Se Habia Espanol Review of 4212 62" Ave N PID#34 119 21 34 0042 For Lorna Jacob 2007 Board of Appeal and Equalization 7 f• r i! 4:�:�� i 1 t ..l_ lt il Y� tiJ 'k..j:1� i `a' r 1'_ 4 1 I 1 y S,: ,L.'•I 1 1 1 q 1 I 1 Vl �Yf. I f -s, M t`I y.,� •L�a,'� I II SUBJECT PROPERTY 4212 62" Ave N Lorna Jacob PID# 34 119 21 34 0042 e� *'a'! s.fiy. ,�h Y` I l '��1 �fk :Y' i C� .�4 i �r u., W `I k Land Characteristics Land Area: 10,200 sq. ft. Frontage: 75 feet 2007 Land Value: 57,800 2007 Bldg. Value: 142,900 TOTAL 2007 EMV: $200,700 Building Characteristics Style: Rambler, 1081 sq. ft. Above Grade Room Count: 5/ 2/ 1 Full Bath Below Grade Room Count: 2/ 3/4 Bath Garage: 1 Car Attached Porches/Decks/Misc. Patio, Patio door City of Brooklyn Center A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Lorna Jacob 4212 62" Avenue North Brooklyn Center, MN 55429 Ms. Jacob contacted our office regarding the 2007 valuation notice. Her concern was the valuation of her home located at 4212 62° Avenue North. She felt the 2007 estimated market value of $200,700 did not represent what her property would sell for on the market. She was directed to schedule an interior review with an appraiser and have a i market analysis completed by a local realtor. The Assessor's office received market information from Ms. Jacob. The material Ms. Jacob submitted has been included in your mformation packet. An appraiser from the Assessor's office reviewed Ms. Jacob's property on Apri12, 2007 and made some changes to the characteristics. These changes represented a valuation reduction of $4,700 to the property. Ms. Jacob was contacted by phone with an offer to lower her 2007 estimated market value to $196,000. Ms. Jacob declined this offer and instead indicated her intention to appeal her 2007 estimated market value. In reviewing sales of comparable properties, Ms. Jacob's 2007 estimated market value of $200,700 falls within the indicated range of adjusted sales. The enclosed grid indicates a value range for the subject of $198,500 to $203,700. It is staff's recommendation to reduce the 2007 estimated market value of $200,700 to $196,000 for taxes payable in 2008. This reduction reflects the most up to date property characteristic information. Ms. Jacob is no longer receiving limited market value for taxes payable in 2008. Respectfully, Nancy Wo�cik, SAMA City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall TDD Number (763) 569-3300 FAX (963) 569-3434 FAX (�63) 569-3494 www.cityofbroohlyncenter.org City of Brooklyn Center ;�3 i �tian sa3.' aszs �i 4 r�2i t��tli�mA�i�e �r� 1 i y{ .�sarii��afk E3fF 8tre4t7�tama Lalseit I a��ffi asss i e�se ��y a2€s ��s I eaia 9�%"• t�ce xurnber Fairns 9s35 t5bt ,2,4`' MuniCi�8386uRdary ss42 e3s.s �ea2 &asa a 5ss1 D y sI12 �6375 Bawl. 7TgFon4pr�nts y, i� Y 1 I j �.�on Laks588tream$ I �+r was �as e�n z `i J C Par�s i aatsss aas� F teis 5.'kkA G�}s q�+�pq SYJ+} 6�0f 6&#S 63ot 83LY7 4.4cYS 83R6 AVE N A.�"it1S 4Sp3 q8pf I 1, A3C&y I AJQE 4 3 i 1{{ 4 A2#9 d24] d2QT .UOS 0.iL3 Af05 d334 Adi$ Aa%3 f;X31 7 d218 Bxi7 !?29Q 4 6237 5 aii4f i ,,......,i 67.381 6L31 6a]6 iB23I 0.211 A2�6 A8%1 dd M1., ��s a�e aacs ................................js i i nn,x f szzs t azza �uus i e3zs +u�z i i A a j q ._i r f 62t0 t &2s6 53�9 i 62?8 bZi9 i y i i JOy N i i 7 STt3.....,...d7f� A30? a20i i?13 i r i 1 i &@S% @7f2 M E 6753 j 6]S2 6I48 atul r i M1f04 f 1 40f9 1 f 1 j Mk19 j �,7 j ��f GZtv d2sz i. ams j,� I I t ai�s i AE3I J l ;_.t,....... 620Y g:c�'a3 6�419 58K3t Af4$' 1 J' }419 i, f .,r i A f34) r f Z t 4St48 9td1 6342 SS43 Ht42 BIAS 82NUAVEN j 4fYB8 t 7 AQ07 7 j.,..._.. `--.t.... 6137 843b 6Y37 ¢E38� $§YT 513fi 9273 f J d2tlt Atl3 r----. y �f di(F7 Csf35 653{D G43! &i� 6SSS 1 j� dfflF 1 dtF18 t� 1 B4T5 q#'ld Ba� k1P8 t?c3 a j� F r 6a t dtX§Y ARYSS G1PA rt4T5 i A'd4D f t r 1� r zssz J i 7 7 t 4t0a 53f3 STt8 54Fu &9t8 fftF9 JAME7LN �1�#SSYJ t 7 dt7E8 Atit2 A� r i i r bt5$ Btt2 $tf3 GAf2 &1f5 aY49 A�t3 O, ��3ft}7 B46# e61tt7 HIR89 844? ""'..._.,i........... I 4473 ~l 'y�-.-,_ A2D1 i t r... -A� f A30T sAmm�.wbluxEthclMS. �+u'A{cSx�tasa7o5 0 .,t! ..w,r....�.__P73�a bSQt �,n..n PID: 3411921340042 �r'!� c��" 4212 62nd Ave N a Brooklyn Center, MN 55429 ti <a E Hennepin County Property Map Tax Year: 2007 The data contained on this page is derived from a compilation of records and maps and may conWin discrepancies that can only be disclosed by an accurate survey Derfortned by a licensed land surveyoa The perimeter and area (square foo[age arM acres) are aDProximates and may mntafn discrepandes. The inkrmatlon on this page should be used for reference purposes only.? Hennepin County does not guarantee the accuracy of materlal herein contained and is not responsible for arry misuse or misrepresentation of this inPormation or its Oerivatives. i t s i i s x 'S S" 3 �1� ��Q y E �1�.�� 7"(�.��. �:�Q �2�.� 4�t7�� t�! 34 3 f .w,.JW��e..w..�.w. ^m"p�.M�.^rwn �'!Y/; j C �e e 4 5 1 �wT'�h7 s i ��.L+? 4�V 7....:, ��J:1. t 5 T 1J!� s a� �:i _...,,_a.,.._ Selected Parcel Data oate Printed 4/20/2007 9:59 aM ParceF ID: 34-119-21-34-0042 Current Parcel Date: 04J4/2007 �'s, Owner Name: LORNA ]ACOB Parcel Addres5: 4212 62ND AVE N, BROOKLYN CENTER MN 55429 Property Type: RESIDENTIAL Sale Price: $133,900.00 ��s Homestead: HOMESTEAD Sale Date: 01/2001 Area (sqft): 10210 Sale Code: WARRANTY DEED Area (acres): 0.23 5 �i A-T-B: TORRENS £f Location Map F u ._a m,T� Hennepin County Oblique Aerials Images courtesy of: Microsoft� Virtual EarthTM 2006 Print: Show Flight Date: April 2006 �'B�Fi�y,A t+'� 3 �.'�^�+^r�� ir# J. ��p 4 .i� q.� Sa_ �-F: -."6 4wf r ..3 r r �..5 1 r x r ry x x k�r E `d; �,t�. a r i rt, S, g p e r �fi�- F a d� h�. r'. tr'° $t S A i g z' g r� .��:i +�r r i r s x r��, ��lt:' 1�j. s.. &'3 �':g z ti �'ti.�x� .ex RF v +k �i�Y'�� e r• Qz. S i y e "'y t u 1 T. #Y 4 •'T i t +w. �1. h„ r b.� i s s a �"1t R ..'!`9. �f�� j, s�:" M�'YU' r F ��l t +a.t a l F.. t 1 w r"R hl ro�,r.ft t�r a i L ;i f,. 1l'irtu�I Eartl�" r.._'' 2bDd �KO �C�frpbratiun U "L�JO� �i_�urneiry Incernatlot Total Visits: 128826 1 R �i� 1. A e p e aE s.._�... n �i� �Ft #Cl. H��,,, °:.�t't��` a� i�� p ��t�� ae �r��y ;_t��a� 4--: y �t� t�l �s� a� fil� �3 :3�411 �-�1�34-G0�� 8 .�d�r�� t� y ��r�d��; 3� �x ��ag�[��d or� ��r KC,�3" t I"�.s��inr� ':K�r�er� fPI'i� i�� s k�.� I� h 'f f',�r��l ��r�h�: �l��r �;Pr�rt� ��i Phc�t�� ,��F �ar��t�t� i ,��T��'� r v H- n C.� Parc�l �r��rra�tiatiar� ��,��,��i ��t��l��c�rm�it�t:�r A�s�e��ot Camm�s Y ��y P��I C�ivi�i�rar� ��,��t T �CI�?:. f tr� �n�t�l +��srn��' A i �mp�r�r}� �'IL� Upd�; �i F`r�a��ck Upc[�� i��11 TS� �m�le F�irr�y� t��►�1itY, �Q�.:. St�Ee �1�t '�u�l�iamh�r ;,f' Ass+�s�c�r 1n�qui y� i T�kal CBA: a, �7 �r�in� T ��,��±�r I�,��i r,� 3 d ��D �E �c��1f�.a� �"4Y"�}7"i��E`I��C,9k1C� �i�$K: f�tcl�t«'. '�Y�.�}"�� a��; i� r 3 1'� �}z �t1��f�Y'tatl�� i i usk��`f��k� �9�`.6� �xk'+��11��: H�r�e n l�o t 7r�r-:'� S� 3 CI ri H orn�e��a�! U p�t� F� �k:e GB�; �1�.� 33 ,�d�! B,�s�r�rent: �"I "I ��iF� �'f t,� L�xk A�apr�is�d Y�ar I a�ed: �1nf.GBA: �0 �l �4�t �CI [�I �LM'�' Upti�te Tast ICapa�ies tipd�ty +�djust�d Tt��. $1'1 �.�48 5!�I�� drr�Nnrstr�#�ar� ,z.. �a�� irtfcir�aki�n I aai�e�f��ti�s .��d�dit��eAmoc� 3$7 �i�r��e: $�r�3 �rrrm�r� �q�" F��k�aC�c�c�rs: �7sQ�t1" C�mp�rat�l�s I nFsurn�ti ='.V ��,ir �1[��t�t v ��k:cc: ��r �+Imf��x Cades y f Fra��:lT �re Adju�kmer�: Patias: ��1 P�!�� 1� P'a�c��; $4 ��eig�rk Param�t�s Gampar�bl�s Bit�h 1� $7 SQC� Fi��a� $Ci F��tnk: ��1 �.�3CI�. �attr�:� �?r�erk,� C�i�r�ckeri�k�es Tat�t �a�t $14� �3a L�n�l Fi��i��ntial ,��ammerciai J Industri�=, +�tll�km�t"��. �6.� [�epreciatian 1�Nu�t�� I t�ulkt��mily F�mcki�c,n�l �t;�l� ��t��smic J� �t' 3 �i��L� �tlflf ��i�,�uK�, htarket �atue Resider ��+iddrrg �'al�: �y �,�<�a�t B�clg, �Ikt. L��alue: $142.90� �t�,�rket'�al�e Commer��'�� Fl,�t:'k!al��; L�h�1 F�kt k�alue: $S�.SQa hAar�Cek'�alu� Multi-Fa RAFP TrlF3IPC RPCI('IPY ..b`�£ sCm'�+\L�.a,��0' t i ^a�� Tat�l Mkt 'Jal�e: :��[10 t �e• M. C i� F p� u R� w" r .,:i. j ;e i ,.,.N. S ..aa a :.F� ,:3 �v ....�s,... o.,.. Y I .:=a.s.... ...�r. .s.. �'y .r k. P'CO! r.,:,,. �yy a t�... .]�J. ii :�k,,. <.,..W_- .!�`:r :,;;�a i <e. J-.�i1 ..z2€ ��s .w .��,....<,:.'�"«2�..+�.. r.<...•„ „_u��`�7�.: ��.p .r... �IL u S4.� 7�k:i:..? ...c E. �5. .3.�w c�un.;:;, 9 T�47L'Sf�,� �R ��:L �"�dt�}.i� LIQL4.t ��'+I� f 1 :.�:F$� t �j�' z �Fti on file �i��ese 1 r t�3.A� 34•119-21 •34•0042 A'�l�Jre�s 42� x '�e� an ��er� p,,, �1 3s� r wn. t.- r„ 15 a ��F. 3: i �':;/r 3 �'J'.`3';L� —.�i��' �sin �'F'aS;: �in '1� RIT1 f Q z�.. L :1� tc` ,y.. a �l ��arch.. ��ear �,Pnra� �',�'i�� P#=i�otas pare�l�ta#us 1��E� i s �s x� �.,Parcel A�lmi�istr��to�i� 3�� f,.,'� �z� s��. F��rc�1 tnf+�rm�alEr�an ��xs x�� Assesso''r: �mm r�t� ��au�e `�I�e�r �?�l�k��- ,Ne -�ub.: T �N �:�1�' 7ri 1 �1�C,' k'�alu�s ,x''. Parcel C� �istn��in �w a :�y� a �4 �a..:w v. .E.:ff f f .�.m�� C 3 r :-.�='tC�� dat'; P R r. m 3;�� N ev;�`;A�mt'� t'Ci�� Ass�ssm�rst �`�,ar r��ara.:., C t �j t�rrerih I?ra ��a 3 I' lect L p�ate l� �3 ;y� f r isk�z�..:.;: 3 <z�,x A.SSiESSID1�i7L��.JIE,�# a r 4 s.' 3 3 Taxpaye�.�nq�ut r 3` FID. 3�4 �7� 3� i�Ct��, Subrecord., ,1 �f Pr�+ Values �;cirnin stratf�n 1 R R esidential l,a�t ��pp�t Ye�r� 2006 f� r 3� CQ Pf S PI C� Co�pp CC� r Valu��r�'flr�r��ians Pr�mlS�c r,�j 'a ��r�ap Pl[J H�r�nepm Trar e�� e... t r Hor�estead Upd�t� Exampt �eferted ►nformation h�liscellaneous Infarmation I Homest�ad'Informakian t Last Appi�i �d 1'�a�r L u �o�e ��rt�� 5�enk #��fital �n�t Hmst-CC�� P�k �wrt�r 100 LMV- Ll�ciaate Tax Gapa�t�e� Llpc�ak� fi�'A� �A� U�e E#�I'� r� f�lidYear Hm'�t Hmst��tn �S ales Admmistt�ak��n Year �..1 t� Acr� E G t� t� f;� H I' �aleslnfa�rrna��n mst HmstFTP ;F'�. S� A A 3.� d e S ales �i atios�� ..��L��1�i r� s� 4 I I y f., a F Nbr H msk �R'� F�e� 3 F �e: Cc�mp�rabte�lnforr�ah ��#nct. 9�� t�l�i hborhood: �,<I. x E .,fr. 9 ��C?05� �in�.��ss MinMax G�de`� �...W.:, s� ,q. Pnc�'YT�m�,At�E�strn�ti 'Marketl+'alues 3� ,a, Value.Hiskary.�Records 23 Wei�hk F's�am�t��s n L�nd Im rave Aii1t Com'°'� s �F �w 57,$00 P ,S'°�11��r Land 81dg�....��. To#a1 M�t (mqAtn�� 1 par�b�t�� a€�}�� r ......x�, Prc�perty Gk�a��ac�et�s�c� 3 �t' Bidg� 142,900 Lf,4V: .80U 142.900 Z00.700 0 3 3 20 1 1 57 Land 06 1 1 5C 3C�0 136.900 193.200 p #�a�h T'OH: 3 �esiden�ial a 2005 1 1 51 3llU 115.000 166.300 0 a� Commer�ci�lllnd�s�ra� Total Ta;:ablEM{.t 2004 1 1 �13u0 717.100 15$ 3 �Q�i 7�0, r� ��'�l� h.4ulti=F�md}� 20D3 1 31,3t�0 .116.500 147.8�0 0 Fieid Card Rrint Tax Ga�acity n 2002 1 1 27 5ui i 112,3C1Q 139.$00 0"'""` F+ C.4M,�, F P �Tax Capacik ��7 2001 1 1 27,OOi i 90.200 117.200 0 D4 T�lok G2[� 1`�x C�� aG�t y S�ecialAssessrnents, �s 2pp0 1 1 2�,30ii ?8,000 101.3L10 0 RrF��rts and In:quiries a" 22,UUi i_� 6g,?C�0 90,300 0� y 9 1999 1 1 �,I _!.�skem Rept?rks Pr�iF e�'�� 19 8� 1 1 2� i i0i i fi1 FOC� 83.540 0 _�ystem Reports �4ss� x I nr.alRPnnif�, r``, 1�997 1 7" �1 CtU�i 57►-[lll 7$,6Q0 0 r 1 99 F 1 1 c,� .m___. ?t�Li �BQ�,1 E.: �;fj0 City of Brooklyn Center PID: 34-119-21-34-0042 Property Type: R- Residential Residential Field Card Property Address: 4212 62nd Ave�N Zoning: Rl Printed: 04/20/2007 Lot Block: 002 001 Dwelling Type: Single Family Assessment Year: 2007 Addition: Wangstad's Brooklyn Terrace 3rd Addition Owner(s): Lorna J Jacob Version: 1 District: ModeL• Neighborhood: 0053 i�j H�If�,; ��.,r�.y,,: .....<.xi,,... "J;..� U 1 V <'x a ��/`�r� Zoning; Rl Partial Const (°/a): Pool 1 Area: Spa. Intenor: �y�� r�� r� Area Rating: Very Good Model: Quality: Dlx: Trim: Bedrooms: 2 24 44 1056 Site RaYing: Good Dwelling Type: Single Family Poo12 Area: Full: 1/ Average Floor: Baths: 2 1 25 25 Land Qualiry: Adjacant Property: Equal Quality: 3/4: Avg. Clear. Height Family: 1 0 0 0 Contamination: View: Equal ��.�ti 1/2 of Fireplaces: Livin 1 0 0 0 Flood Plain Map Ref: Arch./Appeal: Average i% F lc. uali g p Q Dining: 1 0 0 0 PUD Ref: Quality: B07 Bedrooms: 2 �`y�� Kitchen: 1 0 0 0 �Y} Allowable Units: Shape: L-Shaped Baths: 1 Other. 1 0 0 0 Excess Land (SqFt): Style: One Level/Rambler Family: Dlx: Total: 7 Zoning Variance: N Construction: Wood Frame Living: 1 Full: 7 Frontage: 75 Exterior Walls: Stucco Dining: 1 Left Side: 136 Exterior Trim: Brick 3/4 Rear Side: 75 Roof T e: Hi Area S Ft 1,081 Kitchen: 1 yp p q Other: 1 2 Date: O1/O1/2001 RightSide: 136 RoofCover. Shingles Type: Regular TotalRooms 5 Price: $133,900 I Effective Width: 75 Window Type 1: Double Hung Finished 75 Bedrooms Code: 00 Effective Depth: 136 Window Type 2: Quality: Average Baths: Desc: Good Sale Effective Water: 0 AirCondiYioning Yes ofFireplaces: Interior. bther: Property Area (SqFt): 10,200 Dormer Length: Fplc. Quality: Trim: Total Rooms: Acreage: Dormer Quality: Avg. Clear. Height: Floor: Appraiser ID: 18 Park: Patio Doors: 1 Elec. Svc: Standazd Avg. Clear. Height: Appraisal Date: 04/02/2007 Park Quality: Htg. Svc: Forced air, gas fired of Fireplaces: Res. Cond: Average Reason: Appeal On Lake: z W.O. Type: Fpic Quality Int. Layout: Standazd Resuit: Interior Lake Quality: W.O. Quality: ��#��;�,�e Manual Assess: N On River: Placement. Attached Actual Age: 1960 River Quality: of Cars: 1 ��X Effective Age: 1985 Appraiser ID: Landscape Quahty Average Floor Area: 294 5 i€�} Renovated Age: r, Condition Average Sp 3�4 Funchonal Appraisal Date: Exterior Walls Stucco Dlx. Econom�c /o "'��.3 ara i Fu1L 1/2 Btt�I�l3n i y ��F a Reason: Placement 3/4: 1/ Fair Unfin. 1st GBA: of Cars: 1/2 Bedrooms: Unfin. 2nd GBA: Result: I FloorArea: Bass�fl�� c� Baths: Unfin. 3rd GBA: Gas ..a.... f ��i,.��. ii Other: C�ndition Bedrooms: Unfin. GBA: Left Tag: Yes No Extenor Walls Total Rooms: Paved Street y Baths: 1 lst Floor Area: 1,081 Sewer Available �'fl�'�� Family: 1 2nd Floor Area: Glazed Area: Kitchen: 3rd Floor Area: Value: W ater Available Qual ity Other: 1 Total GBA: 1,081 Desc: Screened Area: Total Rooms: 2 Quaiity: E �:q �opntr�lCk�ts y t q ��1k��ce� O n Area Kitchen Rating: Standard LENNOX f NO RESPONSE/ASSUMED 2006 Bsmt has shower, small sink, and toilet with no ceiling timsh Quality Interior: Sheetrock Bsmt has tiled ceilin g paneling and carpet and tiled floor. No updates throughout home. Patio �j Trim: Hazdwood Pauu I Area_ 180 Floor: Carpet Qualiiy: Average Avg�. Clear. Height p��;�, q��, of Fireplaces: Qual�tY_ Fplc. Quality: Deck t3ce�. I Area� Qualily� I)rrl. l�rr��i Qunlit� City of Brooklyn Center PID: 34-119-21-34-0042 Property Type: R- Residential Residential Field Card Property Address: 4212 62nd Ave N Zoning: R1 Printed: 04/20/2007 Lot Block: 002 001 Dwelling Type: Single Family Assessment Year: 2007 Additiot+: Wangstad's Brooklyn Terrace 3rd Addition Owner(s): Lorna J Jacob Version: 1 District: Model: Neighborhood: 0053 �I 44' I 9asemerrt 1 D81' i iG��'i �,�'il�i�j;u i yT I I��m,9Vl��lul i� s t�• Patia Q 160' i� 18' �arage 354 First Flptar I 108 P I i 1�}' y;� 25' Sketch by Fpex IV"" RESIDENTIAL SALES COMPARABlE ADJUSTMENT GRID ,aPPRaisa� oF 4212 62nd Ave N Brooklyn Center PID# 34-119-21-34-0042 2%time adjustment 2006 to 2007 SUBJECT COMP. #1 COMP. #2 COMP. #3 COMP. #4 NAME LornaJacob NAME pDDRESS 4212 62nd Ave N GGOG DCEW AV@ N 3018 65th Ave N 6315 France Ave N 4001 Joyce La ADDRESS PID 34-119-2734-0042 34-119-21-13-0018 34-119-21-41-0099 34-119-21-31-0019 34-119-21-34-0105 PID SALE PRICE $186,000 $200,000 $208,000 $207,500 SALE PRICE Financing Adjustment ($8,000) Financing AdjustmeM Sale Price $186,000 a192,000 a208,000 5207,500 Sale Price (Adjusted for Finance) (Adjusted for Finance) SALE DATE Feb-06 $3,700 Apr-06 $2,600 Sep-06 $1,000 Jul-06 $1,700 SALEDATE Sale Price Sale Price (AdiustedforTimel 5189,100 $794,600 y209,000 E209,200 (AdjustedforTime) LOCATION Average Similar Similar i Similar Similar LOCATION SITE 10,200 sf 10,800 sf 8928 sf j 10,880 sf 10,241 sf Site I, STYLE Rambler Rambler Rambler Rambler Rambler Srv�e SIZE (s.f.) Above Grade 10818f 5/ 2 1057Sf 6/3 E1,200 1046sf 6/3 i $1,750 10643f 6/3 a850 1081 sf 15/2 S¢E �s.t.) Above Grade I Room CouM BR I Room CouM BR neOVEGRDeATHS 1 FULL 1 Full 1 Full 1 FUII 1 Fu11 ABO VEGROBATHS YEAR BUILT 1960 1952 1959 1956 1960 YEaR BUIL7 QUALITYICOND AVERAGE Similar Similar Similar Similar j qUaurvicoNOiTioN It FIREPLACES None None None None None a FlRePtaces HEATIAIRC. GFA/CAC GFA/CAC GFAICAC GFA/CAC GPA/CAC HeariaiRC. BSMT Full Partial a3,200 Full Full Full sSMr BSMT FIN RMS BATHS 75% /2 /:75 BATH 60% 1/ None a5,000 50% 1/.50 Bath y4,500 50% 1/.75 Bath 54,000 75 2!.75 Bath BSMT FIN. ROOMS GARAGE (#cars) 1 CAR ATTACHED 1 Car Attached 1 Car Attached 1 Car Attach/2 Car Det ($8,000) 2 Car Detach ($4 ,000) GARAGE (#cars) AMENITIES Patio Patio Patio Deck ($3 ,500) �Patio/ 1 Egress/Sauna ($2 ,500) AMENTIIES REMODELING ReMOOeuNc OTHER Stuccw/8rickfronUPa#iodoor $tuCCalPatiOt100I None �I $1,000 BrickFront a500 Rlar�c* �1,000 07NEa Net Adjustment $9,400 $7,250 §6,150 $5,500 Net adiustmeM Indicated Value $198,500 $201 .�L�L $203 Indicated Value I �Valuation Reconciliation: Value Ranqe $198.500 fo $203.700. Recommendation: Reduce EMV to $996.000. l i� COMMENTS: Subject property is located c�n 62nd Avenue North in an area of similar homes. Subject is a 1081 square foot rambler in average condition built in 1960 and has a 1 car attached garage. The exterior of the home is stucco with brick front, has a patio and a patio door Home is of average condition with a full bathroom and two bedrooms Basment is 75% finished with two rooms and has a 3/4 bath. There has been no recent updates throughout home. An appraiser from the assessor's off�ce physically reviewed the property April 2, 2007. Based on the physical characteristics of the property and current market conditions, a value reduction of $4,700 was offered to Ms. Jacob. This reduction would reduced her 2007 estimated market value from $200,700 to $196,000. Ms Jacob declined this offer, choosing instead to proceed to the Local Board of Appeal and Equalization. Although market indicates adjusted sales prices from $198,500 to $203,700, $196,000 would fall within an acceptable sale ratio of sale prices. G:\BOARD120W1[loma Jacob grid.xls]07 barthold GRID �4/23/21 �7 Comparable Sales Map �I► B re4 W8 �9q BROOW-YNB�VD��W 1b8ROOKLYNBIVp❑ I I I I 1 INTERSTATE 94 G INTERSTATE 94 FB lg TD BR�LY BROOKt-YN BLVD TO EB 194 N eCVp `�i D 65TH AVE 65TH VE N m 1 2 m A I I �LJ� A �c i m Z I E n� m E� I I I u R m Subject Z �E r---�---I N Subject Property: 4212 62nd Ave N. Comparables: #1 6606 Drew Ave N. #2 3018 65th Ave N. #3 6315 France Ave N. #4 4001 Joyce La. COMPARABLE SALES PHOTO Comparable #1 6606 Drew Ave N PID# 34 119 21 13 0018 k �i'r i A� ti�,�. �I I r .4. f A I I I -_....y„_, I i ;i� ��+",u °�r��,w�-. I Idll Ii I y^ yuY�..,_......�,..--.,— .�.-.ri� �L�. Land Characteristics Land Area: 10,800 sq. ft. Sold: February, 2006 Sale Price: $186,000 I Building Characteristics Style: Rambler 1,057 sq. ft. Main Level Room Count 6/ 3/ 1 Full Bath Below Grade Room Count: 1/ No Bath Garage: 1 Car Attached Fireplace: None Porches/Decks/Misc.: Patio/Patio door 1 1 1 Y �i :,t� �."P; y +c y� Y i z t�r �i+`� ^p Yl.. fi.�. '•"�Y v .i' '2 1 y� F e ''i r y l:�w, :a. 1!_�� ''S� D,�.,. �i'T�,�' �e`+ ,d �R ��1�� 7 M.�, r i 1 e�� -k 4.��.. Y M .1 r 6 4 d f t'�#t'�'.,S„p r y w r i k >i� f Y .%t} L�� i '�ia �t' 4� L, S S}A. fJJ�'� l. 1 c' F f P', r h-rY6� 5. y d y '1' �d�1 4 'r L t Ya �-s. 7 �_y,��' �,y�� ]yi_4: J 4G4'� 1,�,t"41 t.i- p V/.-; �'�Y.". Y I sp e E 4 N j r •Q. 7'' �L i COMPARABLE SALES PHOTO Comparable #3 6315 France Ave N PID# 34 119 21 31 0019 r b �„4 �'`R' y t S i_ .'�st_ �p '.r �t '�ww� �.:y� 1 u;� s Land Characteristics Land Area: 10,880 sq. ft. Sold: September, 2006 Sale Price: $208,000 Building Characteristics Style: Rambler 1,064 sq. ft. Main Level Room Count 6/ 3/ 1 Full Bath Below Grade Room Count: 1/ 3/4 Bath Garage: 1 Car Attached/2 Car Detached Fireplace: None Porches/Decks/Misc.: Deck COMPARABLE SALES PHOTO Comparable #4 4001 Joyce Lane PID# 34 119 21 34 0105 i 1 f i r �4 1 y +y'}. 5 r a 'y Y ,X� i`� r 4� 1 i� i�� r j` 'tb 1 `,y i� r a i� 4 �,i 4 i. `t 1 t r I 1 R z ;F r� •t t 1 i •rir-y ^i gi n��,� t �r I j� r' t" T 't �V k v:i.. i. t.� a I i 1 i _u_�i�' I I a �fi 1 I 7;"�'-".G.�,sr�rw ?o�?'� •�,f. y I I I I Land Characteristics II Land Area: 10,241 sq. ft. I, Sold: July, 2006 Sale Price: $207,500 Building Characteristics I Style: Rambler 1,081 sq. ft. Main Level Room Count 5/ 2/ 1 Full Bath Below Grade Room Count: 2/ 3/4 Bath Garage: 2 Car Detached �I Fireplace: None Porches/Decks/Misc.: Patio/1 Egress/Sauna I I s 'M Direct 812-782-22 F�x 612-782-(31.46 S�ndY SandYMaxwet�.com SarMYYM�ax''v�tl 951 Fi�w+rd Rd. MN� 55432 �+�vnsel+��r� v I RE/MAX RESULTS A N D R E W E N N E N z 605 Campus Drive Plymauth, MN 55441 NEIGHBORHQOD MARKET SURVEY MARCH Z007 HOME SALES: Pronertv Address: Stvir. Sold Price: Listio� Courtesv of: 3006 53rd Ave N 1.5 Story 128,600 RE/MAX A-1 Excell. 5030 8rooklyn Blvd One Story 140,OQ0 Coldwell Banker Burnet 5535 Coifax Ave N 1.5 Story 144;000 Keller Williams Premier S8 i 5 Drew Ave N 1.5 Story 169,940 RFJMAX Results 3901 France Place One Story 174,Ofl0 RElMAX Results 5415 Penn Ave N One Story 174,9(f0 Edina Realty 5344 Lilac Drive 1.5 Story 187,000 Rich's Realty 6137 Kyle Ave N One Story 198,300 R:E/MAX Results 5301 France Ave N One Story- 201,656 Edina Realty 5012 Lilae Drive Other 217,000 Edina Realty C� I I� Cj 1 Z J Z Z O-C7O 9 7 for a F R E E►vtartcet,qn��rsis of your t�omef 2003 Regional Multiple Listing Service of Minnesota, Inc. All R�hts Re�erved Irtforma- tion deemed reliable but not guaranteed Property data presented reflccts information oth- erwise available from public records. The REALTOR� providi�g this information may not have represented the buyer or seller in some or all of the transactions. 1 1 Cail 1-800-491-054�2 and enter recording 2093 for more details and the current price of this outstanding home. �,s X N T�i` C t A' W i',O'+. h ��L1�S f .��N�� ,a�. F�� i `i y,.. �i: Y�� ..^..w f #T'.:- _�Zj -,.T MWru n.. �S�"ti M' :Y. t r_` Charming three bedroom home with two fireplaces, a huge lower level family room plus a great yard. �9. �resented by: Gurt Garlson Re/Max �zealty �00 toi�.-Soi -�t3o Featured Listings� Free R.e�orded tnformation-2� Hours a Dayi Gall Totl Free Soo 4q 0542 Then Enter the Recording Number to Hear the Current Price and More Information i �:aA: :�e y t �k`r'� _1 Ext 2254 Ext 2264 Ext 2154 St. Paul—New Construction Inver Grove Heights Inver Grove Heights $239,900 $214,888 $539,000 y�.- ,y r a.R. i Ext 2274 Ext 2164 Ext 2124 Maplewood Clifton Township Inver Grove Heights $259,900 $599,500 $439,900 i i ,I r' r., a� r i: .'��,.=.x y t:. Ext 2024 Ext 2134 Ext 2054 West St. Paui St, Paul Lake Elmo $158,500 $244,500—Condo $439,900 Gurt Garison Re/Max Rcalty �oo �i2 Www.buyorsellhomes.biz I -'i-,,�e7� a,r�f �ii�� l.;1 f .r'� x�' f r ��a 1 e ;I Y, t a ��iV{'.a��.� bf �.�K ,rf i yk'a `s 1 1 t �#��r�� l F 4: f �s�� A•;, �_3':r r 9 J z Y'� iYy,�' l B �w e N L ��'4i:�. �.r iei,�. ��a w I t§`' r.� illl u 33 t �.n..."'':'�,.`.` "�:r; y ;^r�. '.�`r`..r+q T Cifi�..� 4F ..._ir.. 'o-" `R!� ik.�: .w.,..,�� `�`.r '.m r.x+a i e+�'� .�Y y a a i�/Cldh r:,aNN+ E��t'' -,:1 �:�;:R�;s. r-.ta a -.a�. K.'; ^n' fr�_-.. A M C�R� r 4M� .+�M�'°�� i. :r K. 5�' -a. u ��f �YCe tia y�. i 1 x i i .11 1 i y�- x.. i �r i i i I m i I �\\��s 'i 1 _1.._�_ L,y..��_�..�—...,. I f �'��j se� i i r v,. r S 3 f v< t,n r -i ,i r 'Q '��4 ,�'u f I� ,y tl r t'i� i ,�1E.� T.+ 3�W t i:. 1 ys' J .e'� 3 2, .f.; fi �R E, 1 y.�, y i�� '�:.�Y ��F�t r j u r~J�454 i fi4 n �%�4 v..��e.a`S V �r� -�.�i.�' I z �d� I �`y "�K.�'t ,.�'.n S N W� r `.,y dr ��.�''�31e 7, "rr M1�,�� e3� t. f ��S vl� p ..T �i°"k:, `w�,..z ..w� L- a a a a�.. t �,�z{�+ t !�a' ��y I 1 I, rc;' 3, Jr q '�r" i rt��; .S J y �.i G �R ,v _..�.f SPECIAL FEATURES PROFERTY MECHANICAL Great family home t3rch Style ..................".........Rambter Heating:......................._..........Gas FA V• 3 bedrooms on main level Coaling :..................................Central Levels Two Eat in kitchen Electrical ..................100 amp circuit Living Room ...........................22x13 Exterior: Brick Shakes Formal dining Dining Room :.............................12x9 Roof Conditian:................. New 1996 Hardwood floors Kitchen 13x 10 GENERAL New windows on main floor Beautiful 3/4 bath in basement Master Bedroom 13x1 I Property Taxes: 2,276 Y Neutral decor Bedroom :....................................12x9 Lot Size: ..................................131x75 B edroom 12x10 Total Sq. Ft.:......_............:..........2,340 Attached garage Finished Sq. Ft .:.........................1,200 Large flat yard �athrooms :..................................Two �Main Floor Sq. Ft 1,170 Fenced yard Amusement Room ..............::.,.24x21 Year Built: ..................................1959 Close to mall and parks Garage One car attached Homestead Status:.............. Full 2007 Real E i s P�o osal state Se�vi ce p Prepared F,s�ecicrlly Lorna 62nd Ave. No a Minneapolis, MN 55429 o Fc�r marketirtg the property= loccrted n!: ��y 62nd Ave. No Pre�xrred hy: Sandy Maxwell l Counselor Realty 951 Hillwind Rd Minneapolis, MN 55432 Office: 763-572-8000 Direct Fax: 612-782-0146 Sandy Mczzwel1612-782-2240 Cellt+lar: 612-791-5677 Email: Sandy@SandyMaxwell.com Date: Apri15, 2Q0'7 R roci u n s� 1 o r c0 „u P o e n�ii i ��1�'�.�011'� Dete�minin the T�alue o.You� Home g f A Compazative Market Analysis (CMA) is essential to determine the value of residential property. Lacation and characteristics of the property are the key elements in determining value, therefore the basis for valuation is similar properties in yaur area. The �0 r� market analysis takes into account the amount received from recent sales of com arable ro erties l�#va �1 able I P P P and the quantity and quality of comparable properties currently on the market. The desired end result is to find a price that will attract a willing and able buyer in a reasonable time. Once the value of yaur home has been determined, you can decide on an offering price that will achieve your goals. Generally, the price should not exceed the value by mQre than 5% or potential buyers may not even make offers. Naturally, if you want to sell quickly your asking price should be very near the value. The following are a few things to keep in mind about pricing: Realistic pricing wiil achieve maximum price in a reasonable time. Your cost ar profit desire is irrelevant; the market determines the price. The cost of improvements are almost always more than the added value. Houses that remain on the market for a long time do not get shown. A house that is priced right fram the beginning achieves the highest proceeds. Sandy Maawell C7J�ice: 763-572-80OU Direct�'az: 612-782-014ti Sand}�,'�1�:wett G22-7$2-224U Cellular: 612-791-5677 Email: Sandy�c�SandyMaxwell.cam rea�'��Om T��y List With Caunselor Realty? Buying or selling a home is the biggest, mast important, financial transaction people experience in their lifetime. Once you decrae to se�� your home, choosrng the raght rea� estate company and agent to represent you during this transaction is the most important decision you will make. Consider the 1�' following reasons why you should sell your horne w�th Counselor Realty. We are a leader in listing and selling homes ir� vour market area. Our real estate professionals are ready to market your home. We have comprehensive print and direct mail advertising programs. We are members of the RMLS Service. We have satisfied past customers which provide a source of potential buyers: We only have full time agents who receive e�ctensive on-going training. We utilize the lastest in digital technology. I II�� i i Our agents are trained in computer and internet proficiency. We have a corporate commitment to excellence in a11 areas of the real estate business with an emphasis on ethical business practices. i�' List with Caunselor Realty and we will see to it that your home is sold for the best price, in the shortest amount of '.r time, with the aeast rnconvenience to you. Sandy Msawell �ce: 763-572-80t30 Direct Fax: b 12-'782-0146 O Svnd}• Alaz G 12-782-2240 Cellular: 612-791-5677 E'mail: Sandy(a�SandyMaavvelLcom �a��i�i0m The Counselor Connection Established in I9G4, Counselor Realty ejiabtes sales assoeiates to offer their clients su�erior service atad professionalism. We are constar7tly improving a su�portt►�e environment s eci call tailored ar the ex rieneed P Y .f Pe REALTC�R�. CounselorRealry'sMission Statement What is the Counselor Connection? lt's our commitment to provide you with an environment where you can connect with your REALTOR� in complete confidence. There are many real estate agents out there. Our clients have learned there's nothing like experience to set the professianal apatt from the rest! At Gounselor Realty, our REALTORS� average over 12 years experience in the real estate industry compared to a national average of less than two years. Egciting Statistics: With over 12 years experience, our REALTORS�' sell more than 5 times the national avera e. At Counselor Realt we turn listin s into sales... we have a hi er success rate Y, g than the average company in reaching every homeowner's goal a closed sa1e� The Story Behind Counselor Realty. in 1964, a handful of successful real estate professionals made the connection between offering superior service and directing their own business. They created a company owned by the agents so they could offer this connection to their clients� This concept proved so effective that the handful has grown to nearly 500 agents in 13+ offices and satellite locations throughout the Metro area and Greater Minnesota. i i You Can Profit From Our Experience! s�ay M�en Office: 763-572-8000 Drrect Far: 612-782-0146 c o r Sandy A4ca�vell 612-'I82-224t) Cetlular: 612-?91-5577 Email: Sandy(�SandyMa�vell.com �"eAI�i�Om i Compa�ative �Vlarket Analysis 8Y 4212 l�d� lf�a� 62nd Ave. No No Picture Available Status C list Price $136,900 List3 SqFt $85.72 Sold Price $133,900 SoIdS SqFt $83.84 Soid Date Taxes Days On Market Schooi Dist �r� �7� 279 Year Buift '#9€'itl 1960 Lot Dir�nsions �r3�i�53C�� 75x135x75x138 LakeMlatertront Total SqFt 1597 SqFt Abv Grd f x 1080 SqFt Biw Grd 517 Bedrooms ?iNOCt 2 Full Baths Q� 1 Half Baths 1/4 Baths 314 Baths Style f�'�tl�ef One story Exterior B�s�t�itc�. B/S/ Shakes Gar Cap �nB One fiar Desc Gar Desc Heating F�! Forced Air Fuel Type C�ling Central Fireplace �r��' Fireptace Dining Fat-Nt-t�an Basement Fr�N, i,iv�We FulULivaWe BasemerH Amenity Amen"rty Sandy MazweIl �ce: 763-572-5000 DirectFox: 622-782-014b O Sart��t�uwel1612-782-2240 Celtular: bi2-791-5677 Email: SandVt�SandyMaxwell.com ��i�Om Compa�ative Market �lnalysis �ou r�aiAaa�s 1�0 Qua�� Status S List Pr�ce $189,999 ListS SqFt �105.56 Sold Price $191,499 Soid; SqFt $106.39 saa a,ce otiosro� Taxes 1951.00 Days Un Market 34 Schooi Dist Osseo Year Built 1957 Lot Dimensions ��pit��E�� 74X133X71X128 r LakeiWaterfront f^��.� ,�t Total SqFt ��3 1800 SqFt Abv Grd 1000 SqFt Biw 6rd 800 r fi Bedrooms 3 Fuli Baths t Nalf Baths E U 114Saths p 3/4 Baths Style �d�-: One Story F Exterior �T,s�� Meta�nyl Gar Cap 2.00 Gar Desc� J��';i defacf�d Garage Gar Desc Garage Dr Opener Heating Forced Air Fuel Type Naturai Gas Coolin9 u. �Cer�tral Fireplace Family Room Firepiace Gas Buming Dining Eat-si-id�dt�r� Living/Dining Rm Basement F� t�vat3le Finished Basement FuII Mnenity Hardwood Flaors Amenity Sandy Mazwel! O�ce: 763-572-8000 Direct Faxs 612-782-0146 O Sv�rdt�.� Icz��+e116 2 2-7R2-2240 Cellular: b12-741-5b77 Email: Sandy(c�SandyMaa�vell.c� �a1�i�Om Compa�ative �I�larket Analysis 6i� 6824 7030 6806 5012 ►�dAve�l1�'�. Regent Regent Regent 71st k'` JWIV�J J S J List Price $169,900 $1fi9,900 $184,90D $179.90Q ListS SqFt $117.58 $1 i9.73 3175.59 $110.44 Sold Price $167,9Q0 $170,000 $175,000 $177,000 SotdS SqFt $116.19 $119.80 $166.19 $108.66 Sold Date 11172/O6 12l11 /O6 12101 /O6 10{30/O6 Ta�tes ��8Q9.00 23Q3.00 19Q5.00 23Q1.00 Days On Market 156 179 266 82 School Dist �'T4 Osseo Osseo 4sseo C�sseo Year Built t96� 1959 1958 1957 1959 Lot Dimensions 75Xi35X�� 75X134 137X75 75X'(34 78X135 LakeMlatertront Total SqFt 1445 1419 1053 1629 SqFt Abv Grd Y-�'�� 1005 1020 1053 1040 SqFt Blw Grd -��-��s�s 44U 399 0 589 Bedrooms �'t� 3 3 3 3 Full Baths f� 1 1 1 1 Haif Baths i�,� �»y�, x y 0 0 0 0 1!4 Baths 0 -0 Q 0 ara Bams 7 Q a 1` Li ,.t �..,..n Style t�'at�1�: One Story One Story One Story One Story Exterior Shakes Wood Meta�nyl Meta�nyl Gar Cap 2.00 2.00 2.00 2.00. Gar Desc '�;�f� Defached Garage Affached Garage Defached Garage Affached Garage Gar Desc Asphafl driveway Garage Dr Opener Garage Dr Opener Heating '��d Forced Air Forced Air Forced Air Fwced Air Fuel Type Naturai Gas Naturai Gas Naturai Gas �Gas Cooling Gentr� Central Central Wail CeMral Fireplace Family Room Fireplace G� 8 ��9 Dining Ea#-R►-tafc�en KrtchnlDining Rm Eat In KRchen Eat In 1Gtchen Infrml Dining Rm Basement F�f, livable Loolcout Windows Egress Windows Full Lookout Windows Basemerrt Fu11 Full Full Amenity Hardwood Floors Deck Kitchen Window Deck Art�enity ICtchen Window Hartiwood Ffoors Kitchen Window Sandy Maawelt �ce: 763-572-8000 DirectFax: 612-782-0146 O Sund} ;L(uz�a-ell C i 2-782-224U Cellular: 612-791-5677 E'mail: Sandvr�SandyMa�ell.com �'a��i`Om Cotnpa�ative Market Analysis B�' 683�7 6718 6345 5118 '�A��. Scott Perry Qeail Winchester �i' S Status S S S List Price $950,000 $150,Od0 $449,900 $164,9DQ Lis� SqFt $100.94 $227.27 $89.23 $93.80 Sold Price $152,000 3156.500 $160.000 $1fr4.900 Sold$ SqFt $102.29 $237.12 $95.24 $93.80 Sold Date 11ld3106 03/30106 D5126/06 07/26/07 Taxes 1759.QQ 1346.OQ 1860.QQ 2104.00 Days On Market 65 12 20 8 Schoof Dist =-w 17�,t Osseo Osseo Osseo Osseo Year BuiR �$�d! 1955 1954 1958 1958 Lot D"vrr�ensions ��X�r�",�'g(l� X 75X134.32 75X125 80X118 LakeMiaterfraot D e Tota! SqFt r��,��:�` 1486 660 1680 1758 �'��T' SqFt Abv Grd 922 660 1080 958 SqFt B!w 6rd ,r r �s64 0 6�0(3 800 Bedrooms Z#�i 3 2 3 3 Full Baths 1 1 1 1 HalfBaths 1 0 0 0 1l4 Satfis 0 0 0 D 3/4 Baths 0 0 Q 0 Style One Story One Story One Story One Story Enterior •$�f�t$� hAeta�nyi Meta�nyl Hardbrd/Masonite Wood Gar Cap T 1.Od 1.00 2.00 2.00 Gar Desc Uetached Garage Defached Garage Oetac� Garage DefacFied Garage Gar Desc Garage Dr Opener Asphalt Driveway Heating �A Forced Air Forced Air Forced Air FoPced Air Fuel Type Naturat Gas Natural Gas Naturai Gas Natural Gas Cooling Central Wall, Window Window Centrat Fire t�u►ie P�ace Fiseptace Dining Ea�a�-lq�dien Other Eat In lGtchen Eat In IGtchen BasemeM F+�; Livati�e Finished None Full Finished Basem+ent Full FuA I Amenity Hardwood Floors Kdchen Window Hardwood Flaors Deck Amenity Patio KitcMen Window Sandp MaaweD �ce: 763-572-8000 Dtrect Fax: 612-782-014b Sa�r�•,'.Irrzwell fi t 2-7R2-224(1 Cellu lar: 612-?41-5677 Email: Sandyr�SandyMaxwell.cam �a��i�Om Compa�at�ive Mark�t Analysis s 52 5206 �iAv� I�t 63rd "�,s..� Siatus P List Price $189,900 ListS SqFi $125:51 Soid Price Sold; SqFt Sold Date Taxes 2004.00 Days On Market School Dist �3"�i Osseo Year Built '�9� 1958 Lot Dimensio�s 7:�cfi�ic�'�Xl� 75 X 1275 LakelWaterfront 4Y'J¢`ac S Total SqFt k' 1513 SqFt Abv Grd 1008 SqFt Biw Grd ��,a�,� 505 f Bedrooms 3 Full Baths 1 Hatf Baths p 1i4 Baths 0 3/4 Baths ?t.� N Style l��`,� One Story Exterior Shakes Gar Cap 2.00 Gar Desc i4� Detach� Garage Gar Desc Conc Driveway Heating Forced Air Fuel Type Natural Gas Cooling 'Ce[►�;`` Central Firepiace �^►e Fireplace Dining �at-�1� Infrml Dining Rm Basert�ent F�1, Lrvable Lookout Windows BasemeM Fuli Arnenity Hardwood Floors Arr►enity Patio Sandp Mazwell �ce: 163-572-8000 DrrectFar: 612-782-0146 �O n�,� 1 o r Sanu4 Alcttx Cellular: b12-791-5677 Ernail: Sandy(c�SandyMaxweli.com �0'��dm Comparat�ive 1V�arket 14nalysis �3!' 6736 6313� pd�l�, iif�.. Scot[ 65th Status A A List Price �164,900 $175,900 Lists SqFt $136.51 $120.48 Sold Pnce So1dS SqFt I SoW Date I Taxes 1697.00 2009.00 Days On Market Sehool Dist dsseo Osseo Year Built 3�$. 1955 1958 I Lot Dimensions �5x��'qc�� 74X134 90 X 128 LakeMlatertront �f f Totai SqFt r� 1208 1460 SqFt Abv Grd p 7S8 958 SqFt Biw Grd q4p 502 Bedrooms �g 2 2 Full Baths 1 1 h 5 Haif Baths 0 0 �,�-a�� R:. f 1/4 Baths 0 0 t 3/4 Baths zi 0 0 �;a Style �,�P)"�� One 5tory One Story Exterior �`�t� Meta�nyl Meta�nyl Ga� Cap €�9 1.00 2.UQ Gar Desc Detached Garage Oetached Garage Gar Desc S Asphaft Driveway Garage Dr Opener rt Heating J Forced Air Forced Air Fuet Type Natural Gas Natural Gas Cooling Window Window Fire ce r� P� Fir lace eP i i Dining �af-in-tc�etr Eat Irt Ktchen Breakfast Area Basernent Ft�t Livabte Drain Tifed Finished Basernent Fiaished Full Amenity Hardwood Floors Exercise Room Amenity FGtchen Window Kdchen Window Sandy Maawell �ce: 763-572-8(}00 DirectFaz: 612-182-0146 Svrer�r;Lfcxzwe7,' 612-782-2244 Celluiar: 612-741-5677 Bmail: Sandy(i�SandyMaxwell.wm �O��i�i0m Subject Property Profile for 62nd Ave. No The following features have been identified to aid in the search for properties that are comparable to yours. This will help in determining proper pricin.g for your hoine. Sehool Dist: 279 Year Built: 1960 Lot Dimensions: 75x135x75x138 I ake.%`Waterfrorrt: Total SqFt: 1597 SqFt Abv Grd.• 1080 SqFt Bhv Grd: 517 t3edr�oms: Two Full Baths: One Half Baths: li4 Baths: 314 Baths: Style: Ra.mbler Exterior: B/S/ shakes Gar Cap: One Uar Desc: Attached Gar Desc: Heatirrg: FA Fuel Type: C,'ooling: Central Fireplace: none Fireplace: Dining: Eat-in-kitchen Basement: Full, Livable Basemerrt: Amertity: Amenity: Water: Sandv Maxwell �ce: 763-572-SO�U Dtrect Faz: 612-782-0146 O Sandy '��axwell 612-782-22A(} Cetlular: 612-?91-5677 Emoil: Sandy`a'SandyMaxwell.com reO��Om Under Contract 5206 63rd r.��: �1s�.�o 4.,. fl q z �Y� w.� -y .iv.�q! #.M:i ,x�._��is° y s.q f f v {v` �F p b�:.: Incredibie House Far The Price! All New Carpet Throughout, WlBeautiful Hdwd Flrs Hidden Under All Main Lvl Floaring. All New Vinyl Low E Windows Throughovt. Newer Roof W13a Yr Timberline Shingles. 1�Ietiv Qvrszd Gutters. Remdld Kit Bth. 3bd Non-Canformin Pronerh� Details List.S SqFf: $125.51 .5�113 SqFt. Sch Dist: Osseo I ear Built: 1958 Tota[ SqF[: 1513 FirepL Bedrooms: 3 Style: (h�e Story Ssmnt: Full Futl Baths: 1 FzTer: Shakes Dining: Infrml Du►ing Rm 3/4 Baths: 1 Gar Cap: 2.�U Ame►� Hardwoai Fioc>rs Half Baths: 0 Gar: Detached Garage Acres: U 1/4 Baths: 0 Heat: Forccd Air I.ot Ilimensions: 75 X 127.5 Cool: Central Fue1: NaRural Gas LakeJN'aterjrmat: Sandv MazweR Of�ice: 763-572-8000 DirectFaz: 6I2-782-d146 O O Sanc7y ;vfarwe11612-7$2-224G Cellazlar: 612-741-567'7 Email: Sandy(cdSandyMaxwell.com �O��i�Om Recently Sold 7024 Quail List Price: $189,999 S�id Price: $19l ,499 DOM: 34 s t u.A. I 1 'H s�`�_ Immaculate And Well-Maintained Rambler. This Meticulous Home Features New Catpet, Tiled Flrs, Fenced Yard Fitushed Loa�er I.evel Incl. Buitt In Aquarium. Quiet NHood Ciose To Schoots, Farks Dr�wnto�zi! Must See Many Updatesl See V-Tour In Suppiements Pronertv Detalls Lrst,S SqF[: $I�S.Sfi Sell�S SgFi: $106.39 Sch Dist: Osseo Year Built: 1957 Total SqF[: 1800 FirepL Family Room I3edrooms: 3 Style: One Storv Bsmnt: Full Full Baths: 1 Eicter: MetaUVinyl Dining: Living/Dining Rm 3/4 I3ut/es: 1 Gar Cap: 2.()0 �#men: Hardwoai Floors Half Baths: 0 Gar: Detached Garage Acres: 0.230 1/4 Raths: 0 Heat: Forced Air I.ot Dimensiotcs: 74X133X71X128 CovL CeritraI FueL Natwat Gas Lakr/if'ater,/Srant.- Sandy Maawell �ce: 763-�72-5000 DirecfFar: b12-782-0146 Q Svtrct}-;L:ru G12-782-224fT Cellular: 612-79 -Sb77 Email: Sandy;t�SandyMaxwell.com �O��i�i0m I Recently Sold 5Q12 71st List Price: 7 74, 9(K? Sold Ftice: t 77,0�0 DG�M.- 82 F y f �'��c :3 i �C.i'� ti 4. Conventiently I.ocated Wa2kout Ramhler W/3 Main Flr Bedrooms, New Roof In 'O5, Maintenance Free 5iding, Fenced Backyard, 2 Car Gazage, Circuit Breakers, Gas Fplc, Ceniral Air. Apple Trees; Rasberiy Bushes, Crardcn Area. Home Needs Some Cosmetic Updates. Pronertv Details List,S SqFt: $110.44 Sell$ SqFi: $1�8.b6 Sch Dist: Osseo �ear Brtilt: 1459 Total SqF[: 1629 Fitep� Family Room Bedraoms: 3 Style: One Story Rcmnt: Fu11 Fult Batks: I E�rter. MetalNinyl Dining: Infm�l Dining Rm 3/4 Baths: 1 Gar Cap: 2.(w .�men: I)eck Half Baths: 0 Gar: Attached Garage Acres: G 1/4 Baths: 0 He�: Forceci Air Lot nimensions: 78X135 Cool: Central Fuet: Natural Gas La1:e1N'aterJrom: Sandy MaaweIl �ce: 763-572-&000 DirectFaz: 612-782-0146 Q Sandy �faax>e11612-�82-2240 Celdular: 612-'791-5677 Email: Sandy(¢SandyMaxwell.com Ttal�i�Om Recently Soid 6806 Regent I.ist Price: $1A4,9t� Sold Price: $175,t)t)t) 7)()M: Zf,6 M1 4 r Beautiful Hdwd Floors,New Roof,New Windows,You11 Love The Kitchen,Spotless Basement To Furish. Tttree Br On Clne Lvt-Updated Bath. Todays Colors. A Great Y3rd. Oversized Garage Come Se� This S�n! I Pronerlv Details List� SqFt: $175.59 SeUa SqFt: $16G.19 Sch Drst: �sseo Year Built: 1957 Total SqF1: 1053 Firepi• Bedruoms: 3 Style: Ch}e 5tory Bsmrd: FuU Saths: 1 Et7er: MetaWinyl Dining: Eat In Kitchen 3/4 Baths: 0 (;ur Cop: 2.Ut) fimen: kitehen Wutdaw Ha1f Baths: 0 Gar: Detached Garage Aeres: 0 I/4 Bathr: 0 Neat: Forced Air Lat nimensions: 75X134 Coat: LVa1I FueL Naturat Gas Lukrl�i'�erfro�rt: Sandy Manvell �ce: 763-572-8000 DirectF¢r:612-782-0146 Svrt�•;tfrz.: fi 32-752-22•4ft S e O Cellular: b12-791-5677 cou Email: Sandy!GiSandyb2axwell.com �O��i�i0m Recently Sold '7030 Regen� Lis7Priee: $ifi4,9Q0 SoldPrice: $17t1,400 DQM.- 179 r �i w-w a s 4 s.,� r y .S�_ Great Rambler Offers. 3br's On One Level, Hardwood Floars,Some Newer Windows, Bay Window In Livingroom, Tiled Floors, Lower Level Family Room, 2 Cai Crarage Nice Size Back Yard Pronertv DetaiTs Li.st3 SqFt: $119.73 Seil3 SqF�: 5114.80 Sch Dist: -(�seo ear Built: 1958 Total SqFt: 1419 FirepL Bedroo»cs: 3 Style: Chie Story Bsmnt: Full FuU Baths: 1 Exter: Wood Dining: Eat In Kitchen 3/4 Baths: 1 Gar Cup: 2.()i) Amen: Ueck Half Batlrs: 0 Gar: Attached Garage Acres: 024G I/4 B�lrs: 0 Heat: Forcc.�d Air I.�rt nimensior�,c: 37X75 Cool: Central Fuel: Natural Gas Lakr.JJ{�'aterjiont: 5andg Magwell �ce: 763-572-8QOU DirectFaz: 612-782-0146 O Sandy M¢rweU 612-7A2-2246 Cellular: 612-791-56'77 Email: S a'SandyM3xwell.cam rea�� r�m Recently Sold 6824 Regent List Price: $169,9f� Sold Price: $167,90t) I)f)M: 15fi i R k "t fi r ��I�� t.T �S '�F �'3 t• 4, t O n�6� Y Perfect Home For The Handyman Or First Tune Home Buyer Looking For A Little Fixer-Upper! Nice Home In Quiet Neighbarhood. Nice Sized Living Rc�om; House Ne�ds A Litt1e Tlc. Priced Be1ow Market Vatue, Ilon't Pass This One Up! PI'OIJCI'lV nCtQllS Lista SgFI: $ll7.5$ SeU3 SqFt: $l 16.19 Sch Dist: Osseo Fear Built: 1959 Total SqF�: 1445 FirepL Bedrooms: 3 Style: Chie Storv Bsmnt: Futl Fu1l Batlts: 1 EYter: Shakes Dining: KitchnlDining Rm 3/4 Batfts: 0 Gar Cap: 2.tH1 Anten_ Hardwcxxi Flcx�rs HalfBaths: 0 Gar: Detached Ciarage Aeres: 4.230 I/4 Baths: Heat: Forced Air I.ot nimensions: 75X134 CooL Ce�itrat Fuet.• Natural Gas LakK/fd'oter,J�onl: s�ay Ma�eu �ce: 763-572-8Q00 Lhrect Fax: 612-782-0146 O Sv�tei}� t�fuzcvele' G t 2-?A2-224f1 Cetlular: 612-791-5677 r@A� .�OII'1 Email: Sandvrt�Sand �Ma�ell.com Recently Sold 5118 Winchester Lis� PricE: $164, 90Q Sold I3zce: $16�, 4()(? DdM.- 8 ;�a> z Great Opportunity?!! This Is For All. 1 st Time Home Chvners Or Investors Not Afraid Of A Litt1e vVork+ Ne.ecis T'lc On Quiet Street. Express Path Financing Available. Srnne Rehab Statted, E�ress Winda��, Bay Window, Palio Ik�ar. Hwry On This One! Pronertv Details ListS SqF�: $93.80 SeIIS SqF[: $93.80 Sch Dist: Osseo Year BuiU: 1958 Total SqFt: 1758 Firepl: Bedroomc: 3 Style: ffie Story I�smnt: Futi Full Baths: 1 Erter: Wood Dining: Eat In Kitchen 3/4 Baths: 0 Gar Cup: 2.00 Amere: lleck Ha1f BatJrs: 0 Gar: Detached Garage :4cres: 0 1/4 B�hs: 0 Heot. Forced Air I.o1 nin+en.sinns: 80X l 1$ Coa1: Central Fuet: Natwal Gas LakeM'aterJrotrt: Sandy MaaweD O�ce: 763-572-5000 Direct Fax: 612-782-0146 O Sandy Maxwetl 622-?82-2240 Cel/ular: 612-791-5677 Einail: Sandy(_aSandyMa�vell.com re0��s�Om Recently Sold 6345 Quail I,ist Price: $149,9tw Sotd Price: $16a,4�t? DnM: 24 i ��f Crreat Price On This Rambler. A Little Tlc And This Could Be A Gem! Hardwood Ftoors Under Catpet, Large 2 Car Garage. Sold As Is. PI'QDC17V DCt(IIIS List,S SqFi: $89.23 SeUl� SgFl: $95.24 Scle Dist: nsseo Year Built: 1958 Total SqFt: 1680 Firepl: Be�lroo�ns: 3 Style: One Storv I3smnt: FuJl Baths: 1 Faxer: Hardbrd/Masonite Dining: Eat In Kitchen 3/4 Baths: 0 Grnr Cap: 2.00 :4�nen: Hardwocxi Floors Half Baths: (l Gar: Detached Garage �4cres: 0 1/4 Ba�hs: 0 He�: Forced Air 1 ot Dimensions: 75X12S Cool: Wiudo�� Fuel: NaMat Gas Lakr/�i'ate{/�'orrt: Sandy 11laa�vell �ce: 763-572-8000 Direct Fax: 612-782-0146 O Sarrr�3�Rlru Ei2-7R2-224C1 Cellular: 612-791-5677 Email: Sandv(dSanch'Maa�ell.com ��'Om Recently Sold 6718 Perry Lis7Ptice: $t50,OfK1 SoldPtic+e.-$256,Sf?0 UOM.- 22 i •4� i u da I l i I "'1�i7.+ sA' t_,—. r� i T i I, You're Going To Love This Sophisticated Home! Cory And Absolutely Adorable. New Kitchen And Bath. New t Far Y T Nev✓ Patio Cazpeting Thrc�ughout. Many Upgrades In Plumbing Fi:ctiues. lOXl2 Stora�e Shed our ays ugh Chain-Link Fenced Ysrd. 1.5 Car Garage. Well Maint Pronertv Details List� SqFt: $227.2'7 Sell$ SgFt: 5237.12 Sch Dist: C3sseo YearBuilt: 1954 Total SqFt: 660 Firept Bedroon�v: 2 Style: One Story Rs�nnt: Full Batks: 1 EYter: MetaUVinyl Dining: Other 3/4 Baths: U Gar Cap: l.(� Amen_ Kitchen Window Half Baths: 0 Gar: Detached Garage ,4cres: 0.230 1/4 Baths: 0 Heat: Forced Air Lot nimensions: 75X 34.32 Coot: Wall, Window FueL Natural Gas LakeJN'ater)io�rt: Sendv MazweIl O�ce: 763-572-8000 DirectFar: 612-782-0146 O Sandy h4mrx�elt 512-782-2240 Ce11ulor: 612-791-5677 Email: Sand}�dSarniyMaxwell.com �a'�i�'Om Recently Sold 6837 Scott List Price: $ISO,bflO Sold Price: $152,�04 DOM: 5i rf .i i= V Investor Special Or Great For Pirst Tune Home Buyer. New Roof And Siding 2006. Needs (hily Cosmetic Work: Priced Wetl Below Tax Vatue. Potentiat 4th Bedroom 7n Basement W/ Egress hVindvw. Gr�t Bu}�" Pronertv Det�ils Lista SqFt: $1 Ci0.94 Se113 SqFt: $102.29 Sch �rst: Osseo Year Built: 1455 Totnl SqF[: 1486 Fer�pl: Bedro�ms: 3 Sty1e: Chie Story Rcmnt: F�ll Fult Baths: 1 EtYer: MetaWinyl Dining: 3/4 Barths: 0 Gar Cap: I.0() Amen: Hardwcxxi Floors Half Baths: 1 Gar: Detached Garage Acres: 0.230 1/4 Baths: 0 He�: Forced Air I.ot Dimensions: X Caal: Centrat Fue� Nacural Gas Lak��t'atrrfrorrt. Sandy Maxwell �ce: 763-572-8000 DirectFax:612-782-0146 Su+rd} �:tf�:zz ell t22-7R2-22•4ff C��n�� Cellular 612-791-5677 1 m E'mail: Sandy(c�',SandvMaxwell.com �it i Currently On The Market 5313 65th List Price: $175,900 i �u „A� �1 ti f Well-Kept Partially-Furnished Home On Lg Comer Lot, With Low-Maint. Eatterior, Perfectiy-Placetl Shade Trees And Nice Laudscaping; Plenty Of Storage.Additiona! Fridge And Stove On Low�er Levet. Workshop In Garage.New Kitchen Floor, I3ew Catpet In Hobby Rm. Propertv Details ListS SgFt: $12�.48 Setla SqFr: Sc1i �ist. Osseo Year Bui11: 1958 To�al SyF[: 1460 Firepl: Bedronmc: 2 Sty1e: One Slorv Bsmni: Full FuU B�hs: 1 E�der: MetaWinyl Dining: Breakfast Area 3/4 Barths_ 0 G�rr Cap: 2.U0 Amen: Exercise Rc�m Half BQths: 0 Gar: Detached Crarage Acres: U.2b0 1/4 Baths: 0 Heat: Forced Air I.at nimensivns: 90 X 128 Cool: Window F'uel.• Natural Gas Lakeflt'atrrfrorrt. s�ay M�eu �ce: 763-572-80Q0 Direct Fax: 612-782-0146 Sarnf3�,tf�u-��11612-752-224f1 u n s e 1 a r uK Cellular: b12-791-5677 Ematl: San c�Sand �b4axwe}l.com •�0� dy(� Currently (�n The Market 6736 Scott I,isr Ptice: 6�.9c10 Very Clean, Sharp Starter Home In Solid Move 1n Cond.! ]st Time Home Buyers Dream. Many Features Incl: New Roof, Vinyl Sid., Updated Electr., Neutra] Decar Hrd�vd Fl�rs. A Sgacious P�k Like Bkyrd, Cneat Fat Entertaining. Non Conf. 3rd Bdrm! Pronertv Details Lirt.S SqFt: $136.51 SeUS SqFt Sch Di.st: Osseo Year Buitt: 1955 Total SqF[: 1208 FirepL- Berlrooncs: 2 Style: (1ne Story Bsmnt: Finisheci Full Baths: l EiYer: MetaWinyl Dining: Eai In Kitchen 3/4 Baths: U Gar Cap: i.00 .�1men: Harciwocxi F'lcx>rs Half Baths: 0 Gar: Detached Garage Acres: 0.230 Il413at)es: 0 Heat: Foreed Air I.nt Dimensions_ 74X 134 eool: Window Fuel: Natural Gas Lake/R'aterfront: Ssndv MaiweIl �ce: 763-572-SOOU Drrect Faz: 612-782-t? 146 Sand}>Maxwell fi12'782-224t1 CeIludar: 612-791-5677 Emarl: Sandy(a?SandyMaxw�ell.com rea'�itOm Compa�ative Ma�ket Analysis Sumtnary Currently On The Market AQDRESS BEDS �BAT4iS �STH �SBT�i ACRES TOl' 8F L.IST PRICE 6736 Scott 2 1 0 0 0.230 1208 $154,90fl 5313 65th 2 1 0 0 0.264 i46Q $175,900 Average of 2 Froperties: $I70,400 1Liin: $164,900 Maz: $175,9U0 hiedian: $I7U,4Qd Under C�ontract ADDRESS BEDS FBATHS �BTH �BTH ACRFS 70T S� LIST PRICE 5206 63rd 3 1 1 0 0 1513 $189,900 ,4��ernge of 1 Properties: $189,90� Min: �189,9�) A�n_r_ $189,90(i �tqedia»: �189,4t�0 Recently Sold ADDRESS BEDS FBATHS �aBTH �SBTH ACRES TOT SF SOLD PRICE 6837 Scott 3 1 0 1 0.230 1486 $152,000 6718 Perry 2 1 0 0 0.230 660 $156,500 6345 Quail 3 1 0 0 0 1680 $160,000 5118 Winchester 3 1 0 0 0 1758 $164,900 6824 Regent 3 1 0 0 0.230 1445 $167,900 7030 Regent 3 1 1 Q 0.240 1419 $170,000 6806 Regent 3 1 0 0 0 1053 $175,OU0 5012 71st 3 1 1 0 0 1629 $177,000 7024 Quail 3 1 1 0 0.230 1800 $191,499 Average vf 9 Properties: $168,3ll Min: $152,OU0 Max: $191,499 Merlian: $167,9U0 Off The Mark�t ADDRESS BEDS FBA7HS �BTH �SB7N ACRES 707 SF LIST PRICE 4212 62nd Ave. No 2 1 1597 $136,900 Average of 1 Pro�?erties: $136,900 A�in: $136,9(H� Mnx: $136,9(3� Afedinn: $136,9(}0 Sxndy Maawell Of�ice: 763-512-8000 DirectFar: 612-782-0146 Sandy Maxwelt 612-782-2240 Cellular: 612-791-56'7? Emaik Sandyr�2'SaztdyMaxwell.com re��`Om Compa�ative Ma�ket Analysis Summary C7�r•t•er�tiv O» The Mcrrkel Stvlc Addresa '�ip Code List Pdce Sold Price Beds Baths Sf Abv Grd Sf Blw Grd S�ft Total Gar Cag year One Story 6736 �cott 55429 $164,900 2 1 768 440 1208 1.00 1955 One Story 53t3 65th 55429 $175,900 2 1 938 S02 1460 2.00 195& Avera�eof2P�operties.� $170,400 Mi»: $164,900 Niax: $175,900 Medfc�n: $170,4�0 Under Corxtrc�cl Stvle Address 'Li„�o Code L1st Price Sold Prlce Beds Baths Sf Abv Grd Sf Blw Grd S�ft Total Ger Ca4 Year One Story 520fi 63rd 55429 $189,900 3 2 1008 505 1513 2.00 195R Average �f 1 Properties: $189,900 Min: $189,900 �L1mc: $189,900, Med�an: $189,900 Recently .S'old Stvle Addreas Lijo Code Llst Arice Sold Prlce Beds Baths Sf Abv Grd Sf Blw Grd S�ft Totel Gar CaQ Year One Story 6837 Scott 55429 $150,000 $152,000 3 Z 922 564 1486 1.00 1955 One Story 6�18 Perry 55429 $150,000 $156,500 2 1 660 0 660 1.00 1954 One Story 6345 Quail 55429 $149,900 $160,000 3 1 IORO 600 1680 2.00 1958 OneStory 51t8Winchester 55429 $164,900 $164,900 3 1 958 800 L758 2.00 1958 One Story 6R.�,4 Regent 55429 $169,900 �167,900 3 1 1005 440 1445 2.00 1959 One Story 7030 Regent 55429 $169,900 $170,000 3 2 1020 399 1419 2,00 1958 One Story 6806 Regent 55429 $184,900 $175,000 3 1 1053 0 lOS3 2.00 1957 One Storv 50t2 71st 55429 $179,900 $177,000 3 2 1040 589 1629 2.00 1959 (h�e Story 7024 (2uai1 55429 $189,999 $191,499 3 2 1000 S00 t800 2.00 1957 Averageo,f'9Properties: $168,311 Min: $152,000 A�ar: $191,499 ,�Iedian: $167,900 Sandy M�nwe11 C)�ce: 7t,3-572�8000 O DirecrFax: bt1-782-0146 Sandv A�ax�+�ell 612-782-2240 Cellu�ar: 612-791-5677 r�a�'�i�Om Ernarl.� Sandy(i�SandyMax��ell.com Comparative Ma�ket Analysis Summa�y nff 7he Market t•te Addreas Z1p Code List Prtce Sold Prtce Beds Bathe Bf Abv Grd Sf Blw Grd Satt Total Gsr CaQ Year t�ie stor,y 4212 62nd .4ve. No $136,904 $133,900 2 1 080 517 1597 One 196a Average of 1 Properties: $136,900 Min: $136,900 Max: $136,900 Median: $136,900 Sendy Maxwell U�c�: 763-572-5000 O Direct Fax: 612-782-0146 Sand y Maxwell 612-782-2240 Cetlutnr: 612-791-5677 Email: Sandy�a�SandyMaxwell.com Map of Comparable Properties �MA L[ST,:, 76ih P1 N, Y r" �11 PAfk p 76tli A�N r� ��Ave N 6roakdnle Gt N� W r r„ s e �o p �D o )�'9�, erootdale m Z 74th Ave N Z o,. 741h Ave N �F' H �i �4 Z �Mr� 14ve N r,„ e Z 33rd l�ve N '0 7�d Ave N Z s i=sA.,- >3 2a� Ct N Q� WooB�ine Ln N Q �Y q. 72nd fl Aye P p��..a,�r�,rs..' °�V �l�z� �"s. T} �C,�:� 71atAveNr ��e4 ,�`f' ry 7� 3 0 `n m FOYi Ave N Z Betlra l.n N a_ Q y `d s9tl, Ave N y y� Z 69tl� Aye N n, _�_v., w v_ �q o z _�r_ Z�� c' 0 68th Avr7� N Gnmec PI v K t g ThVrb F rt o 67fh Ave'1� Z o z 5 gl�pkl�p C��' 6hh p�� N� "'�j.� s,�� e a�:. 4 66th Ave ly 3 Quarle R 65th Ave W ;,k; <A ssq a Pat11Df �'R�p Z 641hA1reN m �64fhAve o 'e m F]eana Lt� N Oher.Y rttl !D 63rd A i D 63rd Pwe N j o r, Balder Z Yn Q o s.�, 2� Ln Nash Rd 62�d Ave N 6 .�1t�m(otd Ft g '�.D c ��'e 't o �,(a� 'a� o e y Z Z Z �anet Ln Z `b�''4 ti Z r�.,:� Z� 61stAVe "g� l� s nd� tn r� o y, Z f i.a� Cwe lrt 4 �c y y g ;a_- s _f z z z+ 591h Ave N Z z�� 5�fh Ave N> i i v o ,4_ q `[e °Frl� Fl a i 10 �YA1rs�N ai 57fi Ave 1�f 8Uf �o Z, �y �7 ��.m. ...Or r o( r �zou7 �u�u, u x °f� �.._,�u Ref Status Address I Subjec;t Praperty 62nd Ave. No 2 Currendy On The Market 6736 Scott 3 Current}v (?n The Markei 53 3 65Th 4 Under Contract 5206 63Rd Recentiv Sold 6837 Scott 6 Recentiv Sold 671 R Pem 7 Recentlti� Sold G345 Quail 8 Rccentiv Sald 5118 R�inchester Sandy Ma:vveD QfjSce: 763-572-8000 TJrrectFax: 612-782-014ti C o n se 1 o r Snnd�-;�laxxell 612-783-224U Cell u lar: 612-791-5677 Email: Sanciy dSandy ��a�en.�, reafty Compa�ative Market Analysis Statistics Graphic Anulysis of Recently Sold Properties saw Price 200,�0 teo�o �so,000 tzo,�o 1� �0 86,000 �,000 40,000 20,D00 0 6837 6718 6345 5118 �24 7030 �6 5012 71 1024 Sc�t Perty Quai Y�chester Regent Negent Regad Qua� Summary Statistics of 9 Properties: Average Price: $168,311 High Price: $191,499 Low Price: I 52,000 Median Price: $16'7,900 Average per SqFt: $12�.30 Average Year Built: 1957 Average Sale Price List Price: 1Q0.36°1a Average Days On Market: 91 Sandy Ma=well �ce: 763-572-8000 Derect Fax: 612-782-0146 O��' O� Scrncty rS lvzwe11612-7is'2-224Q Cetlular: b12-791-Sb77 Emiril: Sandy(a�'SandyMaxwell.cmn �a��+�Om �rlc�ng You� Prope�ty to Sell Pricing your property correctly is crucial. Z'ou want to sell your property in a timely manner at the highest price possible. Current market conditions determine the value. Pricing too high or too low can cost you time and money. Realistic pricing will achieve a maximum sale price in a reasanable amount of time. Analysis of the comparable properties suggests a list prrce �ange of: $163,300 to $173,40� Sandy Ma:svell Office: 763-5i2-S000 DirectFax: 612-782-0146 Sandyhlw:well G12-7R2-224U Cellutar: 612-?91-5677 Emait: Sandy(c�SandyA4aacweil.cmn �a��i�Om Resume Sandy Maxwell Experience: Sandy is a licensed full time REALTOR since 1989 Described by clients as dependable, detailed informed Skilled in residential sales,rrulitary• relvcativn, new• co�stnzc Over 35 years of professional experience in marketing sales A�liations. Member of Council of Women in Reai Estate Member of REALTOR.com Member of MN.Rea.lty.com Member of the National, State Local Associations of REALTORS Education: Extensive Computer Course Training in RE Business Management E-Pro Designation Annual Rea.t Estate Education Credits and Ctasses MN Housing Key Agent Community: Counselor Booth, Race for the Cure Committee Chair Relay for Life Event in St. Anthony Chair Survivorship Member of the Italian Americau CZub Active in MN Chapter of Alzheimer Association Personal: Hobbies are Walking, Travel, Gardening, and Baking Special Interest, Family, Crrandchildren, helping seniors counselor rea�t�,.con P�eparing Your .�Iome Your home has just one chanee to make a great impression with each potential buyer. And it can! The foliowing "tricks of the trade" ��ll help you keep track of what needs to be done. The a�hole idea is to present a clean, spacious clutter-free home--the kind of place you'd like to buy. Accomplish a little everyday, and before long your home will be ready to make the impression that can make the sale. Your Home's Curb Appeal x�ove eura r,unm,rz, wo�n ru�, az,a Tlie Garage Mow lawn it�v,i yuu dini't usz; k� papers, tuys, eic Sell, give away, or throw �t uffi�ssary Trim s}wtxs picked up--espec:ia{1y on sta'vways items Edge gardens and walkways Repair problenu such as loose door Clean oily cemetn flo� W eed and mulch knobs, cracked molding, leaking taps and ❑�vide strong overhead light Sw walkwa and drivewa remove wilets, syuexicy doo�s, closeis or s�Teen y Tidy storage or work areas br;m�]�es, lrt��r or to}�s dcars which are off iheir trackc O Add color and fitl in barz �ots writh Add dishes of potpourri, or drop of vanilla The B1SEI1lCrit plantings or balh oi( on light bu(bs for scent Secure �ewe D Setl, give awuy, ttuoa+ out utu�cessary Remove mildevv or moss from walls or J UY> orhe�' vaivables items watks with bleach and water or otl�er cleaner Or anize and creaie more floor ace b Take s�ains �ff your driveway wz[h cl�er The Living Room g SP y hanging 2ools and placing itefm on shelves or kitt.y titter G7 Make it crory and invrting disrarrt chipped 0 Clean waier hzater and drain �diment Stack wcwdgile neatlY or woin fumiture and &ayed ar wom rugs Change fiunaoe fiher Clean and repair patio and deck area Make inspection access easy Remove an}� outdoor fumitur which is not The Dining Room Ciean az�d paint c.an,�rete floor aud walls in gcwd repair Polish any visible silver and crystal Provide sirong over}�ead light Make sure pool or spa sparkles O Set the table for a fonnal dirmer to help Replace old sto�n doors viewers imagine eMertauting here The Att1C Check fa� flat-fitting roof shingies Repair broken windows and shatters, replace The Kitchen Itdy up bj dfsvxrdmg cnr pre-pacl:mg torn s...:,;....�, make sure frames and seams have Make sure energy-saving inculalion is solid caulking Make sure appliances are spotless uiside and apparem Hose off exterior wix�d and irim, replrice out (try t�akking 4oda for cleaning Formica Make sure air vent is in working order damaged bricks or wood stains) C7 Procide strong oveehead lightutg Touch up eaterior pairrt, repair gutteis and Make s�ue atl appliances are irt perf�t ea�� W�� When It's Time To Sho�� 0 Clean and remove rust from an_y' H�indow air Clean often forgocten spoL� on top of p� all ��ades, t�un �e all condilioning units refrige�'airn' and under sink L Paint the &om door and mailbox 0 Wax or sponge floor to brillia� shine, clean p pick up tays and other clutter, check to make Add a new from door mat and consider a baseb°ards sure beds are xnade and clothes are put away seasonal door decoration O UncluUer all counter space, remove p� ��s a quick vacuutnuig Shine brass hardware on fram door, outside countertc�p applix�x,es p Add some strategically placed &esh floweis Ii t Ga�tures, etc. 0�'g�� s �nside cabinets, pre�ack ❑()pc.�i baduoom windows for fresh air Make sure doorbell is in good working order �Y�nS You won'1 be using before you move p Pc� a spicy dessert or just a pan of cimiamon The Bathrooms t° General Interior Tips ❑'rurn o8'the tele.�ision az,a tnm c� rhe radio Add a fresh coat of interior paint in light, K�ove all nut and mildew mosic at a low volume Make sure tile, fi�ures, shower doors, etc. Make a fue in the fireplace if ap}KOpriate Sl�utnpoo c;atpettng, replac� i1 are irtunaculate and shining Ll Put Fu2s in 8ie ba�.�:yard or airange for a Clean and wax hardwood floms, refinish if Make sure all fiaAures are in gaod repa'v friend to keep them necessaty Replace loose caulking or grout 0 Make sure pet areas are clean and odo�-free Clean aad wash kitchen and bathroom floors 0 M�e sure ligfiting is bright, but so8 Make sure all trash is disposed of in neady Wash all windows, vazuum 6linds, wash covereci bins w;�aoH S,»S The Master Bedroom Clean the £ueplace Organize furnis�ing.s io creale a spacious Clean out and orgaiiiz.e closeis, add extra look with well-defined srtiic�,. sleeQing� and space by pucking clothes aud 'Rems you won't dressing areas n�,d again until after you've moved Sandy Ma:evell Qf�iee: 763-572-8000 DrrectFax: 612-782-0146 Q� nse 1 Q r Sandy b�czrwelI E� 12-782-224U Cellular: 612-791-5677 Ematt: Sandy(fz!Sand}•Maativell.com T��hen An Appointment Is Made Agents from many real estate firms will want to show your home. You will increase your odds for a sale by allowing more quatified buyers to see your home. You do not want to miss an out-of-town transferee because your home was not able ta be shown. During a showing: Open all draperies and zvindow shades during daylight hours. Turn on a11 lights and replace bulbs with high wattage bulbs where needed. Open at� the doars between rooms to glve asa tnviting fee�ing. Place fresh flowers on kitchen table and/or in the living room. If possible, bake eookies or bread to add an inviting aroma. The kitchen bathroom should sparkle. Pets should be confined or restricted from view. Eliminate pet odors. Not everyone may share your love of animals. Some people may be allergic to them. All jewelry and sr�a11 valuables should be stored in a safety deposit box or in a locked closet. Beds should be made clothes picked up. $athrooms should be clean, with towels folded and toilet lid down. When you leave the house, please leave it as if you know it is going to be shown. You never know when the right person is going to look at itf Office: 7b3-572-8000 DirectFar: 612-782-0146 O� n�� 1 o r Sun�}� �ttczt 6 i 2-7R2-22�SQ Cetlular: 612-791-56'77 Emaif: SandyLSandyMaa.we}]_� rea��i�r�� Customer Refe�ences SellersBuyers Dr. Rose and Mr. Bill Per{�ich Vadnais Heights Ralph and Lorene Buscher 3525 Skycroft Drive Roger and Gayle Antiila 3400 Skycroft Circle T m an o d Nanc Knutso❑ Shoreview MN Y Megan Hilden and Adam Como, St. Paul Carla Monacelli Woodbury, MN Deana Drews Tyler St. NE, Minnea.polis Erica Gates Foss Road, St. Anthony Buyers/Sellers Sue and Rod Carter 2840 Highway 88 Jean Dave Huss 3520 Highcrest Rd Nancy Ebner Vadnais Heights, Jo Ann Peterson 3412 Croft Drive Matt Potter Fridley, MN Maria Jim Hagen 3412 Downers rive Jessica Kouri Minneapolis I Terry and Jill Haas St. Anthony Sandy Mazwell Qf�ice: 763-572-8000 Dvect Far: 612-782-4146 O��' O� :Sand}• .'�4azx>elI fi 12-782-224� Celdular: 612-791-5677 Email: Sandyta'SandyMaxwell.com �a��•�i4m i Review I Of 7036 Willow La PID#25 119 21 44 0023 For William Kenny 2007 Board of Appeal and Equalization I 1 I J y �t :1 X' t �'a,`<�� j. 1; i. R-. t I I f .H I f i I ��i I p�� 4 .i� ::Y'.. I �'t, aei:.,.,.. vcs�^!„Y,�-�'T"'. I I Y f S R u/�� 1 M� r u ,4. I A 9 R ,y ��y�?�+�i 5 a 3 .r� f '�v k °1L ��'�V�f6�."- I iN�,� '}�t�� J��' nu h ,:i y k w r e, g y v_ay�e. �a y� ._...r�? ...••�y,'�xr�i�.., �•.as� I I i I I I I I I Ill I I I I SUBJECT PROPERTY 7036 Willow La William Kenny PID# 25-119-21-44-0023 r 1 r a 't .y. M L t 1 1 f 1�� f. r�r, r 1 i arM..� e i� y f�'� Y�i x n,;,. tr ..-a,. 1�_ �r-:-! �,�n 1..4d4 �i-� I r'. "`s.s`.`�' J f i I u _a T y C'�SIL'w..( I 'I r a I r r C,/� Land Characteristics Land Area 23,791 sq. ft. River Frontage 30.25 ft. Irregularly Shaped 2007 Land Value $160,000 2007 Building Value 214,700 TOTAL 2007 EMV $374,700 Building Characteristics Style: Rambler 1,616 sq. ft. Main Level Room Count: 5/ 3/ 1 Spa 1 Full Bath Below Grade Room Count: 2/ 1/ 1 3 /4 Bath Garage: 2 Car Attached 2 Car Detached Fireplace: 2 Porches/Decks/Misc. Glazed Porch Deck Central Air Conditioning: CAC Cit o Brookl n Center R y f y A Mallennium Communaty TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: William Kenny 7036 Willow La Brooklyn Center, MN 55430 Mr. Kenny contacted our office regarding the 2007 valuation notice. His concern was the valuation of his home located at 7036 Willow La. He felt the 2007 estimated market value of $374,700 did not represent what his property would sell for on the market. He was directed to schedule an interior review with an appraiser and have a market analysis completed by a local realtor. To date, the Assessor's office has not received any market information from Mr. Kenny. An appraiser from the Assessor's office reviewed Mr. Kenny's property on April l lch, 2007. No changes were made to property characteristics. Mr. Kenny received a letter from the Assessor's office stating his 2007 estimated market value would be sustained at $374,700. In reviewing sales of comparable properties, Mr. Kenny's 2007 estimated market value of 1 s. The enclosed rid indicates a $374,700 falls within the indicated range of adjusted sa e g value range for the subject of $374,200 to $432,500. It is staff's recommendation to sustain the 2007 estimated market value of $374,700 for taxes payable in 2008. Mr. Kenny has a limited market value of $358,200 and a taxable value of $355,100 for t�es payable in 2008. Respectfully, vl/ Nancy Wojcik, SAMA City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Brooklyn Center, MN 55430-2199 (763) 569-34D0 City Hall TDD Number (763) 569-3300 FAX (763) 569-3434 FAX (763) 569-3494 www.cityo fbr�ooklyncente�:org Page 1 of 1 e�+11� 711�— •i� lt�� t� r �f:j r 7110 7125 7� 124' 119 J 4 7113 75 ;t3-' `�C'. 7 Y Q9 �1 a�'w r '`�'�s (21) 1,�� T5= 71is I `y �,5 7105 �a'�r �t• r ,4'; 71 �61 f '"`1-1'� 4�� -'r �1..!"'�� f �t�} '1 �5, sr A 71 12 x 7 �r' r" �.,�t�.. �ioo 44 �i�a6 1�� k b� �V�1 �1� y� ,•t` r 5ubie� a� 4 R 7438 .�O e 7�35 €0 f4&t m g. 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R b ii,i ii„ �-,,,�'.�i �.w��A s, ,.m�w „i. m,,.� mAo d i M +��ia� ��3�� t��'l'��.��1�� a. 3 E B t i flt[#t sM s4» r 3 x. rf�� u �f k� i .F i .i a F t e��: a �x r x �i�� r s l ...i x E .i t t R :i _.R ..x s.� '��v:;� t-" 4 ;+i f 1i/ M t �i� f t ,B �i t i %i 1 8 6 M Y �'v: E p S r y A x t ik# [C�1f �.i s� a, b r a. w f R i a M �9 e I r a w I�� r z s �y�� v �F� r a ,r.� �r �r ,r M i I I i� t; a l t ��M �i[ �E[ �i r t€� M t If N I� :1 t //yi t-N� t 1 t t s 1"`s1 t 1 r �:K .11 C C 1 t r� E .I� i1 ��1 1 .Ms sE i; i t f x ��r,� k /�l!: �Ai �r� �i�. s ;,,'':�r Y M> City of Brooklyn Center PID: 25-119-21-44-0023 Property Type: RL Residential Lakeshore Residential Field Card Property Address: 7036 Willow La N Zoning: Rl Printed: 4/19/2007 Lot Block: 006 004 Dwelling Type: Single Family Assessment Year: 2007 Addition: North River Estates Owner(s): William R Kenny Version: 1 District: MS Model: Neighborhood: 0056 �3 n 3 r y ��,sR ;�3 Pool r,iy� ��t, Bat�� j,�,��ktY� �otal R�roms:: Diimen�sions a ,.,,x,✓ sl� i.. e ,ra in. i Zoning Rl Partial Const Poo1 1 Area: Spa: 1/ Excellent Interior. W�� ,�u�w�� Area Rating: Excellent Model: Quality: Dlx: Trim: Bedrooms: 4 32 42 1344 Site Rating: Very Good Dwelling Type Single Family Pool 2 Area: FuIL• 1/ Excellent Floor. Baths: 3 17 16 272 Land Quality: Adjacent Property: Positive Quality: 3/4; Avg. Clear. Height: Family: 1 0 0 0 Contamination: View: Positive 1/2 of Fireplaces: Living: 1 0 0 0 r�m�nitt�s FloodPlainMapRef: Arch./Appeal: VeryGood '->�r^� X��,��o��'•, Fplc.Quality: Dining: 0 0 0 0 PUD Ref: Quality: A04 Bedrooms: 3 3�`� �#�1��1�� Kitchen: 1 0 0 0 Allowable Units: Shape: Irregulaz Baths: 2 S Other: 0 0 0 0 Excess Land (SqFt): Style: One LeveURambler Family: Dlx: Total: 7 Zoning Vaziance: N Construction: Masonry Walls Living: 1 Full: Frontage: Exterior Walls: Brick Left Side: 141 Exterior Trim ,u Kitch n: 1 3/4: �.��,��5' ,,��,v, .�/�„y,s�� ..RS, ,>_K. Reaz Side: Roof Type: Hip Area (SqFt): 1,616 Other: 1/2 Date: 12/O1/199� Ri ht Side: Roof Cover. Shin les T e: Re ular ��''��a� ��u�� g g yp g Total Rooms 5 Price: $109,000 Effective Width: Window Type L• Double Hung Finished 65 y; Bedroomx Code: 99 I Effective Depth Window Type2: Casement Quality: Very Good ��ii��` Baths: Desc: Conversion X Sales Effective Water. 0 Air Conditioning: Yes of Fireplaces: 1 Intenor. Other: 3 y s Property Area (SqFt): 23,791 Dormer Length Fplc. Quality: Average Trim: Total Rooms: s ik !',r.�3..m, �3 �F Acreage: Dormer Quality: Avg. Clear. Height: Floor. Appraiser ID: 21 Park: Patio Doors Elea Svc: Standazd Avg Cleaz. Height: ��.�,�r�� s..,;; i, Appraisal Date: 04/11/2007 Park Quality: 3 r�� Htg. Svc: Hot water, gas fired of Fireplaces: Res. Cond: Good Reason: Appeal On Lake: W.O. Type: Fplc. Quality: Int Layout Standard Result Intenor ��r8 e',#1 Manual Assess: N Lake Quality: W.O. Quality: On River: IRREGULAR Placement Attached Actual Age: 1958 r3�3�9 3�y� River Quality: Very Good of Cars: 2 Spa: Effective Age: 1990 Landscape Quality: Average Floor Area 420 ��m��'��',�#/Qu�tl') Dlx: Renovated Age: APpraiser ID: Condition: Excellent S pa: FuIL• Functional A raisal Date: Exterior Walls Brick Dix: 3 4 Economic%: pp Gai'�ge:�� y� Full: 1/2 �6;[�t�t`�'ig�#u�'e�s Reason: Gas r,:,,�� 2�[�0��C�MY� a.�,,. I Placement Detached 3 4 1/ Average Unfin. lstGBA: Irregulaz Shape Bedrooms: Paved Street of Cars: 2 1 2 Unfin. 2nd GBA: Result: Baths: Fioor Area 400 Bas�ment �i�tlpt Unfin. 3rd GBA Sewer Available Other. Condition Very Good Bedrooms: 1 Unfin. GBA: Left Tag Yes No Exterior Walls: Vin 1 Total Rooms: Y Baths: 1 lst Floor Area 1,616 �3 �rpi �,�f i �"�reh r y�� Family: 1 2nd Floor Area n;,�, ,.,m, �,v.,,�3, l Glazed Area 120 Kitchen: 3rd Floor Area Value: 1,500 Qual�ty: Very Good Other. Total GBA 1,616 Desc: EGRESS (2) Screened Area Total Rooms: 2 uali 3 f;;rv ii s Q tY� /�i�� nlluep�esr Open Area: ,��,u�'�t��l i�j��,� „!i� �s�i�,v, Kitchen Ratin Ve Good F—BURNHAM. bsmt fin ceil til Quality. g� r3' e, pressboazd t&g paneling w/wet baz EGRESS=VG QUAL. REROOF 98. Interior. Plaster racetrack ceil brick walls in lr. 2 EGRESS=f(one dbl) in bsmt br usd as office w/ct flr. huge mstr bth w/dbl P��[� Trim: Hardwood snk/cmr shwr/wic/all ct. bsmt 3/4 bath all cUshower inoperable. large eat in kitch/orig cabs newer Patio 1 Area: Floor. Carpet counter/bksplsh. ALL newer windows mfsf vinyl siding on addn only. 10/06 Neighbor added wood privacy Quality: Avg Clear. Height: fence from gazage back to river. LAND TAKEN FROM HENN CO RECORDS Patio 2 Area: of Fireplaces: 1 Qual�ty; Fplc. Quality: Very Good De�I� r��,, Deck 1 Area: 300 Quality: Average Deck 2 Area: Quality: City of Brooklyn Center PID: 25-119-21-44-0023 Property Type: RL Residential Lakeshore Residential Field Card Property Address: 7036 Willow La N Zoning: Rl Printed: 4/19/2007 Lot Block: 006 004 Dwelling Type: Single Family Assessment Year: 2007 Addition: North River Estates Owner(s): William R Kenny Version: 1 District: MS Model: Neighborhood: 0056 48' R r 'S� E �ll�`,. I 3 L� q tl�l �'j P 1 r r i r S r�e 6a� x< Poich 120' First Floar r G 420�� 9a 1816 '�r�� N Od �7� Basemerrt y 15f8 m;'; 47 N de�k R�I 30ti� 20' '15' i �qpp�� I Sketch� by Rgex IV"" RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID APPRAISAL OF 7036 WIIIOW L2 N Brooklyn Center PID# 25-�19-21-44-0023 2.5% ewrape riwr Arowth hom 71106 b 20W annually SUBJECT COMP. #1 COMP. A•2 COMP. #3 COMP. #4 COMP. #5 COMP. #6 NAME WILLIAM KENNY NpME nDURESS 7036 WILLOW U1 N 10560 Mississippi Blvd NW Coon Rpds 6572 Willow La N Brooklyn Ctr. 3770 Mississippi Dr NW Coon Rpds 7212 Willow La N Brooklyn Ctr 6620 Willow La N Brooklyn CV 10800 Zieglers Dr N Broklyn Pk ADDRESS PID 25 t�s Zt 4a ooxs 21 37 24 23 0009 36119 27 14 0003 17 31 24 24 0018 25119 21 41 0037 36 119 27 13 0021 03 119 21 12 0005 PID 3ALEPPoCE S4�O ,000 5380,000 $396,500 $380,000 $430,000 $470,000 SALEVRICE ��e�l��m.�e ($5,000) ($3,800) iManclrpAd�uelment Sale Price Sale Price AtlfustW for Finana) I� E41Q000 S38Q000 5391,500 $376,200 $43Q000 §470,000 (Ad�uslsdforFinerwe) SALE DATE D0C-05 Ap�-06 Aug-06 NOV-05 NOV-06 OCt-06 SALE DATE Sale Price Sale Price (AdJustedforTime) $420,200 $386,300 $394,800 5386,400 $431,000 $472 �000� (Adjusted/orTims) LOCATION BELOW DAM ABOVE DAM BELOW DAM I ABOVE DAM BELOW DAM BELOW DAM ABOVE DAM I I�a�rioN I SITE FRONTAGE 23.791 S.FJ 30.25 FRONTAGE MX /O.COOSF I t00Ff FROH�AOE (SS5.000) t].]Ot B.F. /]S fT FRONTHfiE I IS� O,OOOI AVX 16,3008F 1 W FT FRONfAOE (SSS,000) 2],035 8 F/ 10] R FRONTAOE IS3S.00OI 1t.580 S.F.I108 FT FRONTAGE �f'IO,OOO) 1l.l86 8. F. t00Ff FRWRME I (S�.QOO� SITE I FRONTAl3E I I STYLE RAMBLER RAMBLER 3 LEVEL SPLIT RAMBLER SPLIT ENTRY I 2 STORY �I RAMBLER I srv� I I s¢e �s.f.) nbov ur.ds 1,616 SF S I 3 2,300 SF 7/ 3 (f34,000} 1,520 SF 6/ 3 1,329 SF I B I 3 t74,30p 7,080 SF l7l 3 I 526,80C 2,656 SF l7 3 (j52,000E 1,587 SF l 4/ 2 s2e p.r.� neove or.as I Room CewA BR Room Count BR �>BOVE ORD BATHS t SPA 1 FULL BATH 2 FULL BATHS f2.000 7 FULL 7 3/4 BATH f�.000 1 fULL BATH f8.000 1 FULL BATH 58.000 1 SPA. 1 FULL 1 1/2 BATH I (52.0001 1 FULL 1 3/4 54,000 qeove otio snies I �IYEARBUILT 1g58 1952 1976 7974 7982 7988 7964 venRBw�i I QUALITYICOND ABOVE AVERAGE SIMIIAR SIMILAR SIMILAR SIMILAR SIMILAR I SIMILAR OWl1TVICONDITION FIREPLACES 2 1 52.000 2 2 3 IS2.0001 2 I 2 a Firs�rucEs IHEATIAIRC. HWICAC GFA/CAC GFA/CAC GFA/CAC GFA/CAC GFAICAC GFA/CAC HEAT/AIRC. IBSMT FULL FULL PARTIAL 39,300 FULL FULL FULL FULL BSMT i BSMT %O FIN 1 RM51 BATHS 65% I 2 3/4 BATH 0� 0/ 0 E24.000 75% I 3 I 3l4 BATH /54.0001 80% I 3/. 3/4 BATH (E5,300) 75% l 3/ 3l4 BATH (54.0001 50% 7/ 3/4 BATH 55,300 90% 5/ 3/4 BATH (S9.SOO� BSMT FIN. ROOMS GARAGE (#earsl .2 CAR ATT/2 CAR DET 2 CAR ATT/2 CAR DET 2 CAR ATTACHED f8.000 2 CAR DETACHED 58.000 2 CAR ATTACHED 58.000 2 CAR ATTACHED f8.000 2 CAR ATTACHED I f8.000 GARAGE (Nearsl RMENITIES GLAZED PORCH DECK PATIO I f10.000 PORCH DECK DECK 570.000 DECK 510,000 DECK f10.000 DECK I 510.000 qMENTIIES REMODELtNG SPABATH/BRADDNWYlE6RES3 KITCHENREMODEL I (575.0001 I SO'SKITCHENUPDATE I IS5.000)aennooeuNo OTHER I I WALKOUT (S�Z,OOO) WALKOUT IS7Y.000) WALKOUT I (S'IY,000) WALKOUT I (572,000� OTHER INetAdJustment -�O.eS% (546,000)I -t.73% ($6,700) a.oa% ($72,000) .o.as% ($200) a.4a% ($40,700� -e.s�% ($39,500Nw�ap�.�e I i I Indicated Value $374,700 $374,200 I $379,600 $382,800 $386,200 $390,300 $432,500 ��d��vw �Valuation Reconciliation: Value Ransre 5374.200 to 5432,500. Recommendafion: Susfain EMV of S374J00 COMMENTS: Subject property is located along the Mississippi River in a very good area with custom homes along the riverfront, and high quality homes across the street. Subject property has an irregularly shaped lot with 30.25 feet of river frontage. Property is situated sideways on the lot. Home is of above average quality and in very good condition. Sales of homes within 100 square feet of the subject have not been adjusted for size. Comparables 2, 4, and 5 are located in Brooklyn Center. Although varying styles, these properties have been adjusted for size and amenities to the subject property to represent the Brooklyn Center market. In this area of custom built homes, it is very di�cult to find rambler sryle comparable properties. Comparable number 2 was not listed on the multiple listing service, but is considered a good sale by Hennepin Counry and verbal confirmation with the buyer. 2007 Estimated Market Value $374,700. 2007 Limited Market Value $358,200. 2007 Taxable Market Value $355,100. I O:�BOARU12007ulCsnrry UrW 01JCL3� KENNV ORID correol ordar 4/19/2007 i Comparabie Sal+�s �s p p; �s S t .e` (�a,� ,x'r C7.. R v Z x f�� t r� p e '~��377� Nlississippi� ..�M„, ts T�° �m �1 ��5� i 3 i �U560 I�I��siSSipp! x '•b y _,a l.�St1t1 ZIEaC�[�r� �t ��`��t�r r fr i E 2 d .3` *,r�$' e �i��.�r�� 3 E `�"�s ��t0" :__4�.. a p TM v` a «.-w„ r ��+7 e �#�t� ,f t�i a �.�..,r �I i Fi N 3� P I F P�'k a L�c tasi� A t��,,.., s; 1� m"�" r.8a �t�� i :..,�a�d c t}e��`�'+'�_w_ r x F i �t� ��i62� �;p�,� '�'�12 �i110Nr o Ei62�[1 '4�!'iilaw� 1 i E 6 ,e. ��Eir ��t�1T 3� A .a S 3� 4 3 $7 �D�. ��!�k��1 t/ s �Q ,,.^�-�„W,a. t4+V� �.�.x4 S„�� }��?��i� WaL��'1�,. 4.,....-,. H' ;j� t�tl:aznAia��e�s�i�c, x S[.�B.TECT: 7�36 V�'ll1oW C..a I COMPARABLE SALES PHOTOS Comparable 1 10560 Mississippi Blvd NW Coon Rapids PID# 21 31 24 23 0009 I ".A �i��.� .-a �F �`!t+ F i t s+�,��-- 7,'ti,g F t� j y `i�� II r v `i�f. J A„ q 1�!1� Land Characteristics Land Area: Apx 44,400 sq. ft. Frontage: 100 ft Sold: December, 2005 Sale Price: $410,000 Building Characteristics i Style: Rambler I Main Level Room Count 2,300 SF. 7/ 3/ 2 Full Baths Below Grade Room Count: 0/ 0 Baths Garage: 2 Car Attached 2 Car Detached Fireplace: 1 Porches/Decks/Misc.: Patio COMPARABLE SALES PHOTOS Comparable 2 6512 Willow La PID# 36 119 21 14 0003 v S i ��t �,t r i j y t I x �'.:�r��-.F.�.�'•:;�,.. w�� >ur ..:1: 6_ _:-�r;,. .r� �.....�.,�....,t.��..»�,�,.,�_.,.s, I a t y;,�:".' "�rc- �a"��N�..�ii. 9.,_ '�v Land Characteristics Land Area: 13,301 sq. ft. Frontage: 75 feet Flood Plain Sold: April, 2006 Sale Price: $380,000 Building Characteristics Style: 3 Level Split Above Grade Room Count 1,520 SF. 6/ 3/ 1 Full 1 3 /4 Bath Below Grade Room Count: 900 SF. 3/ 1�/4 Bath Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc.: Porch and Deck I COMPARABLE SALES PHOTOS Comparable 3 3770 Mississippi Dr NW Coon Rapids PID# 17 31 24 24 0018 ��y I /F r I �t s' �3 -$t�� v� 1' ,l �l+x 1,�"'^•�-- i n� II f �ex �y.i] �t t I I', rt'_� �':,al� r r "4 z 1 ,a! `4 .r +`.a �°v�`- t s�r �a "w� rt'� I� �.,w� 4 Z'�7-:;:' r- wv�, r �y�: �..�.►,nr7""► �_:�*?T'�JC?�::-+�A^ r w ..f.• '-i�. ....,...�---�..�.��..�_,;r�..`�-+.=„"�w�w._ m I Land Characteristics �I Land Area: Apx 18,300 sq. ft. �I Frontage: 104 ft Sold: August, 2006 Sale Price: $396,500 I Building Characteristics 'I Style: Rambler Main Level Room Count 1,329 SF. 6/ 3/ 1 Full Bath Below Grade Room Count: 3/ 1 3 /4 Bath Garage: 2 Car Detached i Fireplace: 2 Porches/Decks/Misc.: Porch and Deck i I I I i I I COMPARABLE SALES PHOTOS Comparable 4 7212 Willow La PID# 25 119 21 41 0037 Y J y J _r; b- f f �k r 1 I t.- Y �t'" t t f l s I r, 1 w P�' I 3 t 1 �i �611 �-i ii �i 4 �...:r��-. '+t„w, Y M"` w '`fi} s r.�c �r+► �-ti�. ;a T 'sa'- S ��4�. r _::�s--. =�i... ��7"_,ir��,'� �ls�� 1 3 '�.Y"'" ��.►rc /r•�� r Land Characteristics Land Area: 27,035 sq. ft. Frontage: 103 feet Sold: November, 2005 Sale Price: $380,000 Building Characteristics Style: Split Entry Main Level Room Count: 1,080 SF. 7/ 3/ 1 Full Bath Below Grade Room Count: 3/ 1 3 /4 Bath Garage: 2 Car Attached Fireplace: 3 Porches/Decks/Misc.: Deck COMPARABLE SALES PHOTOS Comparable 5 6620 Willow La PID# 36 119 21 13 0021 y,� y .v r i i �1';� -��t r �Y a fi� y r d. I y C'' r� r k t I �y!►'}Y�..wu ..i..�v I •.w�`�� i ".a L c. i ....N..�.�'.s+-' _..._.a.✓"_. ..._:-...�-.i:.... rn� t�•"— Land Characteristics I Land Area: 18,580 sq. ft. Flood Plain Frontage: 106 feet Flood Plain Sold: November, 2006 Sale Price: $430,000 Building Characteristics Style: 2 Story Above Grade Room Count 2,656 SF. 7/ 3/ Spa, Full &'/2 Bath Below Grade Room Count: 1/ 1 3 /4 Bath i Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc.: Deck COMPARABLE SALES PHOTOS Comparable 6 10800 Zieglers Dr N Brooklyn Park PID# 03 119 21 12 0005 S- i i i; j r� �I Illi y ;;'x y n i� _��►i!��1111 W� ��wr�� .r..q,�,,;:,� j ....rr+m„-..rart�.ii-�t..� �ia� e ...1��.�,�"� '��..ai w�.. �wl' :"i�L:.Y:__ :�'i��'i�'3 `-..'rr_?' -�arrw-.... ..,.�.�y�1 w�*.w a�rn�}+y .w �t�.F`y,r Y k�j%�C� �vA�� KwcxM?i*1�rc ,u,...xr+�'' q.} Cu' "fe�,::. s.�ua'L f.l'7H„ .�°.'Y v�''� J..�. G f 1t �f f .v"�' f' y�...,rf a�t."vti:� r�•.�;.�`"F�' w.� {a .ia... r Land Characteristics Land Area: 17,866 sq. ft. Frontage: 100 feet Sold: October, 2006 Sale Price: $470,000 Building Characteristics Style: Rambler Main Level Room Count 1,587 SF. 4/ 2/ 1 Full 1 3 /4 Bath Below Grade Room Count: 5/ 1 3 /4 Bath Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc.: Deck Review of 6207 Regent Ave N PID#33 ll9 21 43 0012 For Henry Yang 2007 Board of Appeal and Equalization r 2 i� I �s y �hr F x p.' L�c, r. Fy�. ,`a K t f l s t q� �k� Iti ip�^� e l t' �f N�'� ,t 4 X .l� I ,�S 3!' r .1 �pj�"� 9 4 i� r p S 'Y" J 'f zt a�k+�-- -•"�-xs„F....w,„+� "'y"� °p�'•"--rss',s.�} a I I u �c,�a�, H .ii.�' `aY� ti v 4 y°„ y 4 'Y e�' �.te�?5�is. 1 __,e-:, _i��.�i• SUBJECT PROPERTY 6207 Regent Ave N Henry Yang PID# 33 119 21 43 0012 o-� �t .�C�l� *.'nv" 'r;' ��h t t ti .t �y t. �`�.K, r 'f f �h `.'l 5 Y F y Siin r,. �1��:.. I V- t t� 'I r i� y 11.� F1" k t=.�Y rr+.,'� ,•r., Z� +a 1� �:.a�_' :9:v�� 7.� a 4, r s �-eR .i� 4 T a yr^ e ..,�'��iw�•.f�� t' 'w�,� 1 m_ v. L" _.rt.u r Land Characteristics Land Area: 9,821 sq. ft. 2007 Land Va/ue: 57,800 2007 B/dg. Va/ue: 140,100 TOTAL 2007 EMV: 197,900 Bui/ding Characteristics Sty/e: Ramb/er, 1065 sq, ft. Above Grade Room Count: 6/ 3/ 1 Fu// Bath Be%w Grade Room Count: 2/ 3/4 Bath Garage: 2 Car Detached Porches/Decks/Misc. Patio City of .Brooklyn Center A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Henry Yang 6207 Regent Avenue North Brooklyn Center, NIN 55429 Mr. Yang contacted our office regarding the 2007 valuation notice. His concern was the valuation of his home located at 6207 Regent Avenue North. He felt the 2007 estimated market value of $197,900 did not represent what his property would sell for on the market. He was directed to schedule an interior review with an appraiser and have a rnarket analysis completed by a local realtor. The Assessor's office received market information from Mr. Yang. The material Mr. Yang submitted has been included in your information packet. An appraiser from the Assessor's office reviewed Mr.Yang's property on Apri16, 2007. No changes were made to the characteristics. Mr. Yang received a letter from the Assessor's office stating his 2007 estimated market value would be sustained at $197,900. In reviewing sales of comparable properties, Mr. Yang's 2007 estimated market value of $197,900 falls below the indicated range of adjusted sales. The enclosed grid indicates a value range for the subject of $203,300 to $205,800. It is staff's recommendation to sustain the 2007 estimated market value of $197,900 for taxes payable in 2008. Mr.Yang is no longer receiving limited market value for taxes payable in 2008. Respectfully, L Nancy Wojcik, SAMA City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall TDD Number (763) 569-3300 FAX (763) 569-3434 FAX (763) 569-3494 www. eityo�'b rooklyncenter. org City of Brooklyn Center I I I I i I�,�--' Jj �,�$��ffh��FeB�.. ELEANORLN CUAILAVEN ""�r fl2i2 �i S�S31 $193 f a� i.3a3 }'(OtfEB� 1T8fF'a1ikL5 j S1N S :i32S 'S:l99 y 3399 X'�J7 S1d34 i Sil�S STQ7 SS01 5tU2 8942 &}t8, 55 j i �KN3G AtufdEi�� BaunderY ...._i._.. 81�T/ ��76 .......x. RL& t p 3 KN36 @1HI�I1Q�001Qf1 �j c�li i &5� 51d'A j 5D38 Sbt2 5UOd 5�0.9fII a9€ d*.� 6"r5t Y O LaRes 8 SLeams z°�+/ 51tS 5342 &�3& i S;'SiiQ S3tI 5285 �1 z 5f32 4 i 67756 dA10 rv j i S i I Pefks i t Patcels 93RDAVEN ..62A# 62A2 f $4C4 �Yt5 5£4i C4b� a8 S:�f� y 6}£3 :;MST 5%YS 8'IYY 51E)Y M 'E t? I S i i-1 bLh i �e�7 52# b25 1] �sa� ezu� €zaf 1. i m ".x5.,^I :il38 5352 S1A6 5'.i�k." 3242 Y i i RTIS i i i. 622a 1 GY[5 fi22a d?25 t fr2iA 6TZ5 6y,y,� i ti ti B9ULDER LN d3,8 G2,g 52�E 6Y,� 62,8 52,6 i i 4 ':32"s 5949 534� 3d9'T 5�34 5TS9 �X yyy 62tII BIf9 4 b'Yt? 6�'11 I A 6212� &}#3 y� l 67.ka D 4 s� 1 r m s�.a s�aa s��-z s� �+3 m l i l 82fiR i 52C0 6301 I Z ST�YJ S?elt Y t 92NDAVEN j &iC2 1 6YA1 Bi42 Kf15 BYTd� d3YS ff4� i j i i f l ��sea esas f st�r �I G1�& B4SN y a4ta a�atr �sss �.ust 5:a� sxaa 32sa `i 51ar 4 I t i ....i,.,, @t37 0194 913f! e 6fSJ Sk12 4tf) i �°t i I '3 r 8f20 BftlX SlqG 6ft1P $SX# 632d j.. c i .'Bt24 �•.`"!'-"r�$t2'@ ...,..i'`.! 6{SO 8f05 59d2 6%C4 +r i V �t 6£25 1 8i99 J%'..,�4. 8�3T AV[ p r i i 1 �sta�s� j &FR7 .`'4.,� r l @10R 5Ut9 9R:l1 SW7 5CA31 +19i9 a813 49�! n�334 z2 I i k1�/Y�tt.tlukAA"C�Av.C�r�.'�kfC:tIX36psafh t3........_........._.__::::::._::':......,._....,....�3SXfi PID: 3311921430012 6207 Regent Ave N Brooklyn Center, MN 55429 ,4 Hennepin County Property Map Tax Year: 2007 The data mntained on this page is deHved (rom a compilation of records and maps and may conW in discrepandes that can only be disclosed by an aca2te survey pertortned by a licensed land surveyoc The perimeter and area (square footage and acres) are approximates�and may contain discrepandes. The information on this page should be used for reference purposes only. i�1 F Hennepin Coun[y does not guaran[ee the accuracy of material herein cootained aiM is not responsibk for any misuse or misrepresenta[fon of this information or its derivatives. i.. 1 i# i s ��.9 �"i�18� i.�� 9�� 1�� y��: ��3 r, �1�� 1�� ..P.�...� E ��E�� 9?' ��i�� r�' ��t� �i t '1�� C�� 4�5 i f ��e� E t., �e�� l� ��t3 1,��r ��.a.� r mSelected Parcel Data �ate Pr�nted: a/io/2oo� io:o9 AM Parcel ID: 33-119-21-43-0012 Current Parcei Date: 04/4/2007 Owner Name: HENRY T YANG ;y Parcel Address: 6207 REGENT AVE N, BROOKLYN CENTER MN 55429 �R Property Type: RESIDENTIAL Sale Price: #79,000.00 Homestead: HOMESTEAD Sale Date: 04/1989 E Area (sqft): 9821 Sale Code: WARRANTY DEED Area (acres): 0.23 A-T-B: TORRENS Q Location Map a; 3 Hennepin County Oblique Aerials Images courtesy of: Microsoft� Virtual EarthTM 2006 Print: Show Flight Date: April 2006 'I 3 -.i� t". S 1y a =Y 0. 1� r -w�. .�a s ;,ej °py 4 a -u, °I z� q �*i i w x'�' i a,. t �a '.�.s�=. a y i G k: a r ,.u: �a s 1 .�'�-a` 5 `E i �y'� i 5 <A r' y y F J.. s y .,r'� fi v y "F 4` �4''� �..'t' M1 R p- �2.� �r .f:~�5 t y n.: S. 3 ��f.[��'�'�"��g'� JA i 1�: w�� 4 fia r r f y �.:.iF4+� y �k'�('/�w �.r �.�4 a t .,�i� 1l b ��i ?,'eE��i� Ph` r» z "i': a, a `�f a y l�.ti:r �ay'`ZY `�"�,F 4 --°ca-w, if i f 7t r 7-� !x �C.. d r�`I �'{9�.: t,� T a y ;.r"� °a' r ti :.h M -r� 1r� D r. r �r 6 y i1 �:-,�,�.t�' 'a��;R �°'-"�-rtw I Y. 1fktrtll7l �c.Ft�l L I Yrr c A r '00:, ?ic[orn�_r/ !n[_�na.ioi Total Visits: 128810 I t; ti oral .... art �- �£;."= uw# feet Pia mo I':P file Tedays 0a,(w u: 1 k r an file t. .. 1113 1 Addweas 67 -. ,. Aj fA l cf P :el 6earch.;, 2 Clear 3 Prrr�t O res Photos �" Parcelt 4�Tla E All erce!Admtr tra, , r „ 3i Parcel l rfr�rtnatrc�n Assessor Comments Parcel Dt �rorrm issessMent�Azzz 0z t+ anu�I-Assessrr III Tem ora`r PIC update �- ,. '�% P p� �� Pra eek U ale 1? el4ng Type, rrr le Parriil � rlity.. 9t le: j ! y Q7 Llne LeuIr�Fiarr�bler Assessat lrt uiry, .. ot61 BA 1 1065 T atpayer Irrgrtiry Age. Zc+hing:' � Values Adminisiation, .:. Bate $89. ti Sales Admrnrstation dusted Rate9. Ext. naaif%" kttape 0:0 Property Characteristics E CAMA Ach Rate" l3A $95.136 --- Add Basement $15640 1056 9gFt $'15.00 CAMS hairy Ded.Unf.CBA 0 p 6qP# $50.00 Market Value Residential Market'Value,Commercial Adjusted!Tet $110,976 Market Value tultr Pamrly Rate Tables.-Resrdentrl 4 a CAMA R>M enkia( ddttt+�eAmrunt , $34,432 --- Garage. $13633 r Dormers: '. $0 Patio Dears $0 Special Asssessmehts ?; .l Reports and Inquirres 'afalkout. $ �4ir Cand:: $2.000 Decks: ` System Reports P ert Patios P 5 Porches: , $0 Pools: $! ►. System F;t~piarts Assessra ' i Baths: $1b 00b Fireplaces: $2,000 Fin.Bsmk: + I 1464 Local Reports' Ad-Hoc Giuery otal ost� $145,408 d �'n LOGIS Map Public Property Summary % . Depreciation .. Influences X Non Public �rapert Swmr dlu�neat 564 ---> W 4 t.0 l+ 1; Database Utilities r Function al Ponomic 0.0 BUJIding lue $140,100 i Bldg.Mkt.Value. $140,100 Flat Values: $0 Land Mkt.Value $57,800 , Total Mkt.Value $197,900 1 F re • i . r rr r i � r • r . E � tiou fret lip„e Pfiotc e Tcrda� date.°04l4it�k� n ile �r�file - _: release �,t73-Ofi 9*7TH X11 . 7addres 107 ter... ``p ,� user:F4CT61-: -, �.v�k«;".+`e�irr-KarencastofPl3 t 1 1`:Par l Starch 2 t~I> t 3 PtI 4Vre�,r Photas � Parcael Status:ACTPa!'E Carpel rIntsfrtion -Paideirrrrtlorl Assesorornmlaks -y ae clear 13elete1e5Ub' TC#i L tr „ 1 "� ht ral Mir t + 1�I s 1.6 11rISlorling" i r ,,, r. or 'PII U dat v:- _„- Near Asmt f +P P AsessmenkYear. Q17, " ersron 1Cc�rtent r�7 ct a Assor l� 3' r n Tamper f uy PID; 33. 191 43�t1 S:ubrecord of 1 Pra T ' :”" Values ` �ptst kiorr P S'Pe; R Residential fast Appr Year 2006 alurrrforineltion PrmlSert,CD. PAS PID ,3 Coop GD �. ————� oop:R> ; Hewtd!_ (County Transfe Homead Update Exempt/Deferred information Miscellaneous Information Homestead Information p Cede: _...�_. .®_..:_ v Notice Sent Partial Cont Hmst CD P., l Owner. 100 Last : aised Year U ds LMT' date Tax Capacities Update Type: a Ag UseM Mid Year Hmsk Hmsk Rtnv +' ' ales Administration Year: 1QAcre Contigfnd RaIHrnst HTP. .. N ?+ { F toper haracterlstics MA� 30 Acre Hmst CR' Fled IF Pi6i N br: C�£M, f Csrry District: ,.: Neighborhood: OG1S3 17M in Assess Mat tValue�Cemmerrpriall MarketValues 2 Value Hislory o Records M�eE'rra ulklFamdy Land: 7 IrrproueAmt 6,400 � 'Year,-Sub; Ver Land ; Bbd Total ilt ; Imp Amt , , 5,.800 Rate Tabfes asldettral 1 1 57,800 140,100 197,900 1 6,400 C iMA 1�iisidentraI Bldg: 140.100 LMV i 2008 1 1 56,300' 137,700 194,000` 0 i+j Cj SpecialAss�smerts,- Mach: TOW - _ Repotts 0411 Imes 2005 1 1 51 300 115,700 167,000 ,0 Sys' Rrs Prcpetk� Total: 197 900 Taxable Mkt: 197.gOCti 2004 1 1 41 300 118 800 160100 0 _. .... _ ..._._... m _.. Sy#em fpp srts=Asse sn 2003 1 1 31 300 118,300 149,6001 0 Tar Capacity _ �WD_ Lr�cal Reports : 2002 1 1 27,500 l 113,900 141,400 0 " A&Ho 2001 1 1 '7,000 91,400 118,400 0 Do Not Cale Tax Capaciq, Tax Capacity: 1.979 _ _.. . __....__ ..v._ ,, MMJ LQGI "Map 2000 4 1 1 23,300` 79,400 102,700` 0 ' Public Property Summary — _.. ..._ 1999 1 1 212,0011 69,600 91,600 0 Non-Public Property Sumr 1998 1 1 22,01 11 63,200 85,200 0 + ?LI Database Utilities _._„• 1997 1 1 21,01-0 58,800 79,800 0 - .; r City of Brooklyn Center PID: 33-119-21-43-0012 Property Type: R-Residential Residential Field Card Property Address: 6207 Regent Ave N Zoning: RI Printed: 04/20/2007 Lot/Block: 006/001 Dwelling Type: Single Family Assessment Year: 2007 Addition: Bergstrom's Lynside Manor 2nd Addition Owner(s): Henry T Yang Version: 1 District: Model: Neighborhood: 0053 Lena Yang \ Zoning: Partial (%): Pool Area. Spa: Interior. Area g: ;Ve rY Good Mod li \ _\ Bedrooms: 3 44 24 1056 Site Rating: Good Dwelling Type: Single Family Pool 2 Area: Full: 1 / Average Floor: Baths: 2 1 9 9 Land Quality: Adjacent Property: Equal Quality: 3/4: / Avg.Clear.Height: Family: 1 0 0 0 Contamination: View: Equal w 1/2 / #of Fireplaces: ti Living: 1 0 0 0 Flood Plain Map Ref: Arch./Appeal: Averaget Ilrrom;latitt ` ; Fplc.Quality: Dining: 1 0 0 0 PUD Ref: Quality: B07 Bedrooms: 3 ua, Kitchen: 1 0 0 0 Allowable Units: Shape: Square 7 Excess Land(SgFt): Style: One Level/Rambler Family:Baths: 1 Spa. Other: 2 0 0 0 Total: 9/ Zoning Variance: N Construction: Wood Frame Dix: / Frontage: 75 Exterior Walls: Wood Living: 1 Full: / �; Dining: 1 3/4: / Left Side: 135 Exterior Trim: ,., Kitchen: 1 OWNS Rear Side: 75 Roof Type: Hip Area(SgFt): 1,056 Other: 1/2 / Date: 08/01/1989 Right Side: 135 Roof Cover: Shingles Type: Regular Total Rooms: 6 �utut- Price: $79,000 Effective Width: 75 Window Type 1: Gliders Finished(%): 75 Bedrooms: Code: 00 Effective Depth: 135 Window Type 2: Double Hung Quality: Average Baths: Desc: Good Sale Effective Water: 0 Air Conditioning: Yes #of Fireplaces: I Interior: Other: Property Area(S Ft: 9,821 Dormer Length: Fplc.Quality: Average Total Rooms: Acreage: Dormer Quality: Avg.Clear.Height: Floor: Appraiser ID: 18 Park: #Patio Doors: Elec.Svc: Standard Avg.Clear.Height: INNNINNIM Appraisal Date: 04/06/2007 #of Fireplaces: Res.Cond: Average Reason: Appeal Park Quality: Htg.Svc: Forced air,gas fired p Int.Layout: Standard pp On Lake: �y W.O.Type: Fplc Quality Y Result Interior Lake Quality: Cai� W.O.Quality: Sad tathi' a ., Actual Age: N i On River: Placement. Detached ge: 1958 Spa: Effective Age: 1990 River Quality: #of Cars: 2 � Dix: / g Appraiser 1D- Condition:e Quality: Average Floor Area: 528 �pBc)►s{#)Quaff.)', Renovated Age: Condition Average Full: / Functional% g Spa: 3/4 / o PP Exterior Walls Wood Dix: Economic/o Appraisal Date: G � my 1/2 / i i, Full: 1 •\ y \ Reason. Curbs 2nd Ro .\ ! .; . Unfin. 1st GBA: Gas Placement: 3/4 1 / Average Paved Street #of Cars: 1/2 Bedrooms- Paved 2nd GBA: Result: Sewer Available Floor Area: fa x ' ou Count`runt Baths: Unfin.3rd GBA: "�„�, �. Other: fi Condition B Total Rooms: due. Water Available Bedrooms: Unn.GBA: Left Tag: Yes/No Exterior Walls Baths: I 1st Floor Area: 1,065 iw \ • - Family- 1 2nd Floor Area. ._ Glazed Area: Kitchen: 3rd Floor Area: Value: Quality: Other: 2 Total GBA: 1,065 Desc: Screened Area: Total Rooms: 3 C Quality: ' Com ments i Open Area: Kitchen Rating. Standard 1=LENNOX WH SECURITY. 05PERM/REROOF 12/05 perm 14 windows/completed 10/2/06 Bsmt.has Quality: Interior: Sheetrock sprayed ceiling, art sheetrock walls,&� �� ` g p carpet. Laundry area has tiled flour. Other rooms have sprayed ceiling, V-0 r \ Trim: Hardwood tiled floor and sheetrock and paneled walls. u. \ —_...._. Patio I Area: 180 Floor: Carpet No updates through interior of home. Quality: Average Avg.Clear.Height: Patio 2 Area: #of Fireplaces: Quality: Fplc.Quality: Deck Deck 1 Area: Quality: Deck 2 Area: Quality: City of Brooklyn Center PID: 33-119-21-43-0012 Property Type: R-Residential Residential Field Card Property Address: 6207 Regent Ave N Zoning: R1 Printed: 04/20/2007 Lot/Block: 006/001 Dwelling Type: Single Family Assessment Year: 2007 Addition: Bergstrom's Lynside Manor 2nd Addition Owner(s): Henry T Yang Version: 1 District: Lena Yang Model: Neighborhood: 0053 44 Basement rn. - 1056' r ------------ +r i i I a Patio I ?. 44 ; 22' 29'7FirstFloor g' it n Garag ir 52$e 4,V 22' Sketch by Apex I\Pm RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID APPRAISAL OF 6207 Regent Avenue North Brooklyn Center PID#33-119-21-43-0012 2%time adjustment 2006 to 2007 SUBJECT COMP.#1 COMP.#2 COMP.#3 COMP.#4 NAME Henry Yang NAME ADDRESS 6207 Regent Ave N 6830 Regent Ave N 6606 Drew Ave N 3018 65th Ave N 3006 66th Ave N ADDRESS PID 33-119-21-43-0012 33-119-21-11-0090 34-119-21-13-0018 34-119-21-41-0099 34-119-21-14-0038 PID SALE PRICE $199,000 $186,000 $200,000 $200,000 SALE PRICE Financing Adjustment ($8,000) Financing Adjustment Sale Price $199,000 $186,000 $192,000 $200,000 Sale Price (Adjusted for Finance) (Adjusted for Finance) SALE DATE Nov-OS $4,300 Feb-06 $3,100 Apr-06 $2,600 Aug-06 $1,300 SALE DATE Sale Price Sale Price Adiusted for Time $203,300 $189,100 $194,600 $201,300 (Adjusted for Time) LOCATION Average Similar Similar Similar Similar LOCATION SITE 9,821 sf 9,518 sf 10,800 sf 8,928 sf 13,636 sf Site STYLE Rambler Rambler Rambler Rambler Rambler STYLE SIZE(s.f.)Above Grade 1065sf/6 13 1005sf/5/2 $3,000 1057sf 6 13 1046sf 6/3 1045sf 6/3 SIZE(s.f.)Above Grade Room Count/BR _ Room Count ABOVE GRD BATHS 1 FULL 1 Full 1 FDII 1 Full 1 Full ABOVE GRD BATHS YEAR BUILT 1958 1959 1952 1959 1953 YEAR BUILT QUALITY/COND AVERAGE Similar Similar Similar Similar quaurrlcoNOITION #FIREPLACES 1 FP 1 FP None $2,000 None $2,000 None $2,000 #FIREPLACES HEAT/AIR C. GFA/CAC GFA/CAC GFA/CAC GFA/CAC GFA/CAC HEAT/AIR C. BSMT Full Full Partial $3,200 Full Full BSMT - _-- --- - BSMT%FIN/RMS/ ---- -- _- BATHS 75%/3/.75 BATH 50%12/.76 Bath $4,000 60%/1/.None $6,000 60%/1/.50 Bath $4,500 50%/2/None $6,500 BSMT FIN.ROOMS GARAGE(#cars) 2 CAR Detached 2 Car Detached 1 Car Attached $4,000 1 Car Attached $4,000 2 Car Detached GARAGE(#cars) -- - -- - AMENITIES Patio Patio Patio Patio Covered Patio AMENTIIES REMODELING Windows 2006 Newer windows Maint free soffits/fascialtrim Newer windows Newer windows REMODELING - - - -- - OTHER Deck/2 Egress/Patio door ($7,000)-- - Patio door ($1,000) j Deck/Patio door ($4,000)OTHER Net Adjustment $0 $14,200 $10,500 $4,500 Net Adjustment Indicated Value $197,900 $203,300 $203,300 $205,100 $205,800 Indicated Value Valuation Reconciliation: Value Range $203,300 to $205,800. Recommendation: Sustain EMV to $197,900 COMMENTS: Subject property is located on Regent Avenue North in an area of-similar homes. Subject is a 1065 square foot rambler in average condition built in 1958 and has a 2 car detached garage. Home is of average condition with a full bathroom and three bedrooms. Basement is 75%finished with three rooms,fireplace,and a 3/4 bathroom. In 2006, 14 new windows were added. An appraiser from the assessor's office physically reviewed the property on April 6,2007. Based on the physical characteristic of the property and current market conditions,the estimated market value of$197,900 was sustained. Mr.Yang is currrently not receiving any Limited Market Value. Mr.Yang chose to appeal this value,and proceed to the Local Board of Appeal and Equalization. The Market Analysis Reconciliation shows a value range of$203,300 to$205,800. It is staffs recommendation to sustain the estimated market value of$197,900. 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Sold: February, 2006 Sale Price: $186,000 Building Characteristics Style: Rambler 1,057 sq. ft. Main Level Room Count 6 / 3 / 1 Full Bath Below Grade Room Count: 1 / No Bath Garage: 1 Car Attached Fireplace: None Porches/Decks/Misc.: Patio/Patio door I COMPARABLE SALES PHOTO Comparable #3 3018 65th Ave N PID# 34 119 21 41 0099 Land Characteristics Land Area: 8,928 sq. ft. Sold: April, 2006 Sale Price: $200,000 Building Characteristics Style: Rambler 1,046 sq. ft. Main Level Room Count 6 / 3 / 1 Full Bath Below Grade Room Count: 1 / 1/2 Bath Garage: 1 Car Attached Fireplace: None Porches/Decks/Misc.: Patio b COMPARABLE SALES PHOTO Comparable #4 3006 66th Ave N PID# 34 119 21 14 0038 4 I I I i Land Characteristics Land Area: 13,636 sq. ft. Sold: August, 2006 Sale Price: $200,000 Building Characteristics Style: Rambler 1,045 sq. ft. Main Level Room Count 6 / 3 / 1 Full Bath Below Grade Room Count: 2 / No Bath Garage: 2 Car Detached Fireplace: None Porches/Decks/Misc.: Covered Patio/Deck/Patio door April 12, 2007 Dear Board members: I asked one of my friend realtor to provide me a Comparable Market Analysis(CMA)for houses similar to mine which has 3 Bedroom,2 baths, 2-car garage under 1800 square feet finish, listed active, expired, cancelled,pending and sold on the market since the last six months from October 1, 2006 with a sold average of$185,920. 7 t p cow¢cs-,q X9/ I appreciate your valuable time to take a look at this CMA and re-evaluate my home existing assessment that I disagree with. Sincerely, C� Henry Yang Comparative Market Analysis Market Analysis Explanation April 13, 2007 This is an explanation and overview of this market analysis. This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear. This market analysis is divided into three categories: 1. Comparable homes that are currently for sale 2. Comparable homes that were recently sold 3. Comparable homes that failed to sell Looking at similar homes that are currently offered for sale, we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home. Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers. Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers. This Comparative Market Analysis has been carefully prepared for you, analyzing homes similar to yours.The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time. Maaood Khan A Comparative Market Analysis 952-457-7967 I _ Comparative Market Analysis Minimums and Maximums April 13, 2007 This page summarizes key fields of the listings in this analysis. The listings in this analysis can be summarized as follows: Priced between $142,000 and $230,000 3 Bedrooms 2.00 Bathrooms 1,116 to 1,800 Square Feet $84 to $163 per Square Foot Built between 1951 and 1968 39 to 56 years old Masood Khan A Comparative Market Analysis 952-457-7967 Comparat 1-Ve Market Analysis April 13, 2007 Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis. Active Listings Address Price Bds Bth TFSF $/Sq FSize Built Style List Date DOM S= 6837 Beard Avenue $142,000 3 2 1218 $117 1,028 1960 ONEST 10/06/2006 189 5736 June Avenue $149,900 3 2 1792 $84 1,092 1968 ONEST 04/09/2007 4 5649 Brooklyn Boulevard $150,000 3 2 1148 $131 1,148 1954 ONEST 01/30/2007 73 3713 72Nd Avenue $174,900 3 2 1710 $102 960 1958 ONEST 01/11/2007 92 6607 Drew Avenue $174,900 3 2 1139 $154 976 1953 ONEHF 03/16/2007 28 3606 53Rd Avenue $184,900 3 2 1556 $119 912 1956 ONEST 02/17/2007 55 7236 Noble Avenue $184,900 3 2 1524 $121 1,000 1959 ONEST 04/02/2007 8 3900 57Th Avenue $184,900 3 2 1412 $131 1,000 1954 ONEST 04/09/2007 4 3000 64Th Avenue $186,900 3 2 1672 $112 1,072 1959 ONEST 10/20/2006 147 3119 Quarles Road $189,950 3 2 1632 $116 1,122 1960 ONEST 01/06/2007 97 7036 Grimes Avenue $199,900 3 2 1400 $143 1,040 1959 ONEST 03/30/2007 15 3813 Janet Lane $205,000 3 2 1656 $124 1,056 1955 ONEST 03/21/2007 23 6331 Scott Avenue $210,000 3 2 1630 $129 1,278 1958 ONEST 04/11/2007 2 6437 June Avenue $214,900 3 2 1316 $163 1,056 1957 THRLS 04/05/2007 5 Averages: $182,361 3.0 2.0 1486 $125 1,053 1958 53 Cancelled Listings Address Price Bds Bth TFSF $/Sq FSize Built Style Off Market DOM S= 7119 Lee Avenue $159,900 3 2 1116 $143 996 1958 ONEST 03/23/2007 134 7236 Noble Avenue $189,900 3 2 1524 $125 1,000 1959 ONEST 03/28/2007 75 5112 Winchester Lane $189,900 3 2 1643 $116 1,143 1958 ONEST 03/05/2007 10 5112 Winchester Lane $189,900 3 2 1643 $116 1,143 1958 ONEST 03/23/2007 8 5300 Winchester Lane $199,000 3 2 1700 $117 958 1958 ONEST 03/19/2007 66 Averages: $185,720 3.0 2.0 1525 $123 1,048 1958 59 Expired Listings Address Price Bds Sth TFSF $/Sq FSize Built Style Off Market DOM S= 3900 57Th Avenue $189,900 3 2 1412 $134 1,000 1955 ONEST 12/31/2006 87 3900 57Th Avenue $189,900 3 2 1412 $134 1,000 1955 ONEST 03/29/2007 83 33010 Henry Road $199,900 3 2 1796 $111 1,320 1958 ONEST 04/11/2007 182 3713 72Nd Avenue $199,900 3 2 1710 $117 960 1958 ONEST 12/21/2006 44 6331 Scott Avenue $230,000 3 2 1630 $141 1,278 1958 ONEST 04/10/2007 120 Averages: $201,920 3.0 2.0 1592 $128 1,112 1957 103 Pending Listings Address Price Bds Sth TFSF $/Sq FSize Built Style Off Market DOM S= 7212 Major Avenue $147,000 3 2 1721 $85 996 1958 ONEST 04/10/2007 19 5206 6311d Avenue $189,900 3 2 1513 $126 1,008 1958 ONEST 03/02/2007 42 Averages: $168,450 3.0 2.0 1617 $105 1,002 19S8 31 Sold Listings Address Price Bds Bth TFSF $/Sq FSize Built Style Sold Date DOM S= 6442 Orchard Avenue $160,000 3 2 1700 $94 1,050 1958 ONEST 12/29/2006 29 4949 Abbott Avenue $190,900 3 2 1796 $106 1,056 1951 ONEST 03/23/2007 33 7024 Quail Avenue $191,499 3 2 1800 $106 1,000 1957 ONEST 02/09/2007 34 Masood Khan A Comparative Market Analysis 952-457-7967 Comparative Market Anal sis � Table Summary of Comparable Solds April 13, 2007 This page summarizes the comparable sold listings in this market analysis. Sold Listings $Change %Change Address List Price to List Price to List Price Sale Price Sold Date DOM Sold Price Sold Price 6442 Orchard Avenue $154,900 $160,000 $5,100 3.29 12/29/2006 29 4949 Abbott Avenue $189,900 $190,900 $1,000 0.53 03/23/2007 33 7024 Quail Avenue $189,999 $191,499 $1,500 0.79 02/09/2007 34 6527 Ewing Avenue $194,900 $196,500 $1,600 0.82 12/2912006 47 5301 France Avenue $199,900 $201,656 $1,756 0.88 03/09/2007 85 Average $185,920 $188,111 $2,191 1.26 46 Median $189,999 $191,499 $-1,600 -0.82 34 Minimum $154,900 $160,000 $1,000 -0.53 29 Maximum $199,900 $201,656 $5,100 -3.29 85 Masood Khan A Comparative Market Analysis 952-457-7967 Comparative Market Analysis April 13, 2007 Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis. 6527 Ewing Avenue $196,500 3 2 1713 $115 913 1953 ONEST 12/29/2006 47 5301 France Avenue $201,656 3 2 1550 $130 1,034 1955 ONEST 03/09/2007 85 Averages: $188,111 3.0 2.0 1712 $110 1,011 1955 46 Median of Comparable Ustings: $189,900 Average of Comparable Listings $186,087 On Average,the 'Sold' status comparable listings sold in 45.60 days for$188,111 Masood Khan A Comparative Market Analysis 952-457-7961 Comparative Market Anai sis � Number of Days On Market April 13, 2007 This graph illustrates the number of days on market for the listings in this analysis. Days On Market 200 160 m Y 120 O to e>'o 80 40 0 MLS# Masood Khan A Comparative Market Analysis 952-457-7967 i Comparative Market Analysis List Price and Sale Price Friday, April 13, 2007 This graph illustrates the list price, along with sale price in Sold listings. Price Graph 240K 200K 160K Ust Price v 120K Sum of aSingWFam!Iy.SaWsCIOwPrioe 80K 40K OK MLS# A Comparative Market Analysis 952-457-7967 Comparative Market Analysis Activity vs. Timing April 13, 2007 This chart highlights the importance of pricing correctly at market value. :r a i 0 1 2 3 4 5 6 7 8 Weeks on Market This chart illustrates the level of excitement and interest in a new listing over time. It also demonstrates the importance of pricing correctly. When a property is first listed, it generates a very high level of interest from prospective buyers, which reduces dramatically over time. It is important to be priced correctly from the beginning, during the peak of this curve. Masood Khan A Comparative Market Analysis 952-457-7967 Comparative Market Analysis The Effect of Over Pricing April 13, 2007 This chart highlights the importance of pricing correctly at market value. This is the average percentage difference between the Selling and Asking Price by the length of time the home was on the market. -0% -2% -4% -6% .9% Less than 4-12 13-24 Mona than 4 weeks weeks weeks 24 weeks - Put your best foot forward immediately - Establish a competitive asking price - Keep your home In top showing condition -Offer favorable financing terms Masood Khan A Comparative Market Analysis 952-457-7967 Comparative Market Analysis The Pitfalls of Overpricing April 13, 2007 This chart highlights the importance of pricing correctly at market value. Overpricing your house in Original Asking Price the belief that you can (over market wake) reduce the price back later is a strategy that can backfire badly. For example, by the time you reduce your price, you may miss out on a surge of interest in properties like yours. Also, if prices are lowered, buyers may Selling Price wonder if there's something (ra,dn mafdww vako) wrong with the property that kept other buyers away. Soto keep from Months On selling your property at below market value and from wasting valuable time, don't fall into the overpricing trap. Masood Khan A Comparative Market Analysis 952-457-7967 Comparative Market Analysis Setting the Price April 13, 2007 This chart highlights the importance of pricing correctly at market value. When setting a price for your property, the listing level .i must strike a balance between the seller's need to 'O achieve the best-possible return and the buyer's need i to get good value. With many years of experience, a � professional Real Estate Agent can help you set a price Q that will accomplish both objectives. i ) L i Establishing market value + The market value of your property is determined in { exactly the same way as any other commodity-what a buyer is willing to pay for it in today's market. Despite the price you paid originally, or the value of any improvements you may have made,the value is W determined by market forces. C Look at the competition I N Buyers look at about a dozen properties on average � 4D before making an offer on a property. As a result,they have a good overview of the market and will compare C your property against the competition. If it's not in line with similar properties that are available, buyers won't consider it good value for money. Masood Khan A Comparative Market Analysis 952-457.7967 Comparative Market Anai sis y What it Takes to Show April 13, 2007 This page describes what it takes to show your property. Scheduling the Showing Privacy Coordination is the key. Before a sales The fewer people around during a showing,the associate from our firm or a cooperating broker better. It's also a good rule to let the buyer shows or previews your property,a roam freely and discuss the property with the representative from our firm will contact you to sales associate without interruption.A properly schedule an appointment You will then be briefed sales associate will know the buyers notified of the timing,and, if it's acceptable, needs and will be able to point out the features the appointment will be confirmed. If you can't that meet the requirements. be reached,the showing will proceed on the understanding that you wouldn't want to miss Contact Information any chances for interested buyers to view your If you're not going to be available to approve an property. appointment request, it's important to notify your sales associate.By leaving a telephone Timing number where you can be contacted,you can Ordinarily,you'll get plenty of notice about an be notified immediately about an offer. appointment request. Some buyers, however, may ask to see your property as soon as Previews possible. In such cases,a showing could take Occasionally,sales associates may schedule place within an hour or so. If a buyer requests an appointment to view your property without a a change to the timing of a scheduled buyer.By familiarizing themselves with what's showing,you'll be given as much notice as on the market,they will be an excellent possible. position to alert a buyer to a property that fits the bill. Special Instructions Any special instructions you may have given Unscheduled Appointrnents to your listing agent,such as information on Ask any people who show up to view your pets,parking or security,will be listed in your property without an appointment to telephone property file and thoroughly explained to the the listing agent to request a showing. Even if sales associate who requested the showing. the person identifies himself or herself as a licensed sales associate,an appointment The Showing request must be made first through your listing If you're not on hand during a showing,the agent. sales associate will use the property's Jock box to enter.If you're available,sales associates will introduce themselves and give you a business card. Masood Khan A Comparative Market Analysis 952-457-7967 Comparative Market Analysis CMA Comparabies Report April 13, 2007 This page outlines the subject property versus comparabies properties. Subject Property Comparable Property Details Comparable Properly Details MLS#: 3278419 3357160 Status: Active Active Address: 6837 Heard Ave N 5736 June Ave N SchDlst: Osseo Robbinsdale Map: 78A4 92A1 LstPrc: $142,000 $149,900 SldPrc: OffMrkt: DtClsd: DON: 189 4 Bedrms: 3 3 Sthrms: 2 2 Style: (SF) One Story (SF) One Story TotSg}t: 1218 1792 AbvSgft: 1,028 1,092 BlwSgft: 190 700 GrgStls: 2 2 PrkChar: Detached Garage, Driveway- Attached Garage Asphalt, Garage Door Opener, No Yr Built: 1960 1968 Lk/Wt: Lot Sz: E52xl26xl33xi51 95xl31x59xl26 Acres: 0.24 0.22 Fdtn Sz: 1,028 1,092 Ext: Metal/Vinyl, Wood Metal/Vinyl Roof: Age 8 Years or Less, Asphalt Shingles, P Asphalt Shingles #Fpics: 0 0 Bsmt: Daylight/Lookout Windows, Finished (Livable), Full, Walkout Finished (Livable), Full Amenit, Hardwood Floors, Kitchen Hardwood Floors, Porch Window, Natural Woodwork, A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. r� i Subject Property Comparable Property Details Comparable Property Details MLS*: 3321243 3312999 Status: Active Active Address: 5649 Brooklyn Blvd 3713 72nd Ave N SchDist: Robbinsdale Osseo Map: 92A1 78A3 LstPrc: $150,000 $174,900 SldPrc: OffMrkt: DtClsd: DON: 73 92 Bedrms: 3 3 Sthrms: 2 2 Style: (SF) One Story (SF) One Story TotSgft: 1148 1710 AbvSgft: 1,148 960 BlwSgft: 0 750 GrgStls: 2 2 PrkChar: Attached Garage Detached Garage Yr Built: 1954 1958 Lk/Wt: Lot Sz: 80X120 85x129x66x129 Acres: 0.23 0.26 Fdtn Sz: 1,148 960 Ext: Shakes Brick/Stone, Metal/Vinyl Roof: Asphalt Shingles *Fpics: 0 0 Bsmt: Full Finished (Livable), Full Amenit: Deck, Hardwood Floors, Kitchen Window, Patio, Washer/Dryer A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 i Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. .r Subject Property Comparable Property Details Comparable Property Details MLS#: 3343393 3331199 Status: Active Active Address: 6607 Drew Ave N 3606 53rd Ave N SchDist: Osseo Robbinsdale Map: 78A4 92A2 LstPrc: $174,900 $184,900 SldPrc: OffMrkt: DtCisd: DOM: 28 55 Bedrms: 3 3 Bthrms: 2 2 Style: (SF) One 1/2 Stories (SF) One Story TotSgft: 1139 1556 AbvSgft: 1,139 851 BIWSgft: 0 705 GrgStls: 2 2 PrkChar: Detached Garage Attached Garage, Driveway- Asphalt, Driveway- Concrete Yr Built: 1953 1956 Lk/Wt: Lot St: 80 X 135 77 x 137 x 97 Acres: 0.24 0.25 Fdtn Sa: 976 912 Ext: Stucco Shakes Roof: Age 8 Years or Less,Asphalt Shingles Asphalt Shingles #Fplcs: 0 0 Bsmt: Daylight/Lookout Windows, Full Egress Windows, Full Amenit, Deck, Hardwood Floors, Kitchen Deck, Hardwood Floors, Security Window, Multiple Phone Lines, System, Washer/Dryer Hookup A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Aal y sis CMA Comparabies Report April 13, 2007 This page outlines the subject property versus comparables properties. I - Subject Property Comparable Property Details Comparable Property Details MLS*: 3352594 3356809 Status: Active Active Address: 7236 Noble Ave N 3900 57th Ave N SchDist: Osseo Robbinsdale Map: 77E3 92A1 LstPrc: $184,900 $184,900 SidPrc: OffMrkt: DtClsd: DOM: 8 4 Bedrms: 3 3 Bthrms: 2 2 Style: (SF)One Story (SF) One Story TotSgft: 1524 1412 AbvSgft: 1,000 1,000 BlwSgft: 524 412 GrgStls: 2 2 PrkChar: Detached Garage, Driveway- Detached Garage, Driveway- Asphalt, Garage Door Opener Asphalt Yr Built: 1959 1954 Lk/Wt: Lot Sz: 83x132 75x128 Acres: 0.00 0.22 Fdtn Sz: 1,000 1,000 Ent: Metal/Vinyl Metal/Vinyl, Shakes , Roof: Age 8 Years or Less, Asphalt Shingles *Fpics: 0 2 Bsmt: Egress Windows, Finished Finished (Livable), Full (Livable), Full Amenit: Hardwood Floors, Patio,Tiled Hardwood Floors, Kitchen Floors, Washer/Dryer Hookup Window, Natural Woodwork, A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. 1 Subject Property Comparable Property Details Comparable Property Details MLS*: 3284819 3310379 Status: Active Active Address: 3000 64th Ave N 3119 Quaries Rd SchDlst: Brooklyn Center Osseo Map: 78A4 78A4 LstPrc: $186,900 $189,950 SldPrc: OffMrkt: DtClsd: DOM: 147 97 Bedrms: 3 3 Bthrms: 2 2 Style: (SF) One Story (SF) One Story TotSq{t: 1672 1632 AbvSgft: 1,072 1,122 BlwSgft: 600 510 GrgStis: 2 2 PrkChar: Detached Garage, Driveway- Detached Garage, Driveway- Concrete, Garage Door Opener Concrete, Garage Door Opener Yr Built: 1959 1960 Lk/Wt: Lot Sz: 125x75x122x62 80X126 Acres: 0.00 0.25 Fdtn Sz: 1,072 1,122 Ext• Shakes Wood Roof: Age 8 Years or Less, Asphalt Shingles Age 8 Years or Less, Asphalt Shingles, P *Fplcs: 0 2 Bsmt: Finished (Livable), Full Daylight/Lookout Windows, Finished(Livable), Full Amenk- Hardwood Floors, Kitchen Hardwood Floors, Kitchen Window, Natural Woodwork, Window, Washer/Dryer Hookup A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. Subject Property Comparable Property Details Comparable Property Details MLS*: 3352210 3347459 Status: Active Active Address: 7036 Grimes Ave N 3813 Janet Ln N SchDlst: Osseo Osseo Map: 78A4 92A1 LstPrc. $199,900 $205,000 SldPrc: OffMrkt: DtClsd: DOM: 15 23 Bedrms: 3 3 Bthrms: 2 2 Style: (SF) One Story (SF) One Story TotSgft: 1400 1656 AbvSgft: 1,040 1,056 BlwSgft: 360 600 GrgStis: 2 2 PrkChar: Attached Garage, Driveway- Detached Garage, Driveway- Asphalt, Garage Door Opener Asphalt, Garage Door Opener Yr Built: 1959 1955 Lk/Wt: Lot Sze 141X77X167X59 130x75 Acres: 0.00 0.23 Fdtn Sz: 1,040 1,056 Ext: Brick/Stone, Stucco Metal/Vinyl Roof: Age Over 8 Years, Asphalt Shingles, Pitc Age 8 Years or Less,Asphalt Shingles, P *Fplcs: 0 0 Bsmt: Finished (Livable), Full Finished (Livable), Full Amenit: Deck, Hardwood Floors, Kitchen Hardwood Floors, Kitchen Window, Security System,Tiled Window, Natural Woodwork, A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. NIF Subject Property Comparable Property Details Comparable Property Details MLS#: 3357990 3354908 Status: Active Active Address: 6331 Scott Ave N 6437 June Ave N SchDist: Osseo Osseo Map: 77E4 79A4 LstPrc: $210,000 $214,900 SldPrc: OfrMrkt: DtClsd: DOM: 2 5 Bedrms: 3 3 Bthrms: 2 2 Style: (SF) One Story (SF)Three Level Split TotSq}t: 1630 1316 AbvSgft: 1,278 1,056 BlwSgft: 352 260 GrgStls: 2 2 PrkChar: Detached Garage De tached Garage Yr Built: 1958 1957 Lk/Wt: Lot Sz: 102x26x100x120 135 x 75 Acres: 0.00 0.00 Fdtn Sz: 1,278 1,056 Ext: Shakes Brick/Stone, Metal/Vinyl Roof: Asphalt Shingles Age Over 8 Years,Asphalt Shingles #Fpics: 1 0 Bsmt: Full Crawl Space,Daylight/Lookout Windows Amenit: Hardwood.Floors,Tiled Floors A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. Subject Property Comparable Property Details Comparable Property Details MLS*: 3292687 3313697 Status: Cancelled Cancelled Address: 7119 Lee Ave N 7236 Noble Ave N SchDist: Osseo Osseo Map: 78A3 77E3 LstPm: $159,900 $189,900 SldPrc: OtfMrkt: 03/23/2007 03/28/2007 DtClsd: DON: 134 75 Bedrms: 3 3 Sthrms: 2 2 Style: (SF) One Story (SF) One Story TotSgft: 1116 1524 AbvSgft: 996 1,000 BlviSgft: 120 524 Gr9Stis: 2 2 PrkChar: Detached Garage Detached Garage, Driveway- Asphalt, Garage Door Opener Yr Built: 1958 1959 Lk/Wt: Lot Sz: 75X136 83x132 Acres: 0.22 0.00 Fdtn Sz: 996 1,000 Ext: Stucco, Wood Metal/Vinyl Roof: Asphalt Shingles, Pitched *Fplcs: 0 0 Bsmt: Daylight/Lookout Windows, Full Egress Windows, Finished (Livable), Full Amenit: Deck, Hardwood Floors, Kitchen Hardwood Floors, Patio,Tiled Window, Washer/Dryer Hookup Floors, Washer/Dryer Hookup A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus Comparables properties. ■ Subject Property Comparable Property Details Comparable Property Details MLS*: 3333706 3342768 Status: Cancelled Cancelled Address: 5112 Winchester Lane 5112 Winchester Lane SchDist: Osseo Osseo Map: 78A4 78A4 Lst p . $189,900 $189,900 rc. SIdPrc: OffMrkt: 03/05/2007 03/23/2007 DtCisd: DOM: 10 8 Bedrms: 3 3 Sthrms: 2 2 Style: (SF) One Story (SF) One Story 7otSgft: 1643 1643 AbvSgft: 1,143 1,143 BlwSgft: 500 500 GrgStls: 2 2 PrkChar: Detached Garage Detached Garage Yr Built: 1958 1958 Lk/Wt: Lot Sz: 80 x 118 80x118 Acres: 0.22 0.22 Fdtn Sz: 1,143 1,143 Ext: Metal/Vinyl Metal/Vinyl Roof: Age 8 Years or Less,Asphalt Shingles Age 8 Years or Less, Asphalt Shingles, P *Epics: 1 1 Bsmt: Full Full Amenit: Deck, Hardwood Floors, Deck, Hardwood Floors, In-Ground Sprinkler, Kitchen In-Ground Sprinkler, Kitchen i A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. I EN a � Subject Property Comparable Property Details Comparable Property Details MLS#: 3313742 3278126 Status: Cancelled Expired Address: 5300 Winchester Ln 3900 57th Ave N SchDist: Osseo Robbinsdale Map: 77E4 92A1 LatPm: $199,000 $189,900 SldPrc: OffMrkt: 03/19/2007 12/31/2006 DtClsd: DOM: 66 87 Bedrms: 3 3 Bthrms: 2 2 Style: (SF) One Story (SF) One Story TotSgft: 1700 1412 AbvSgft: 958 1,000 BlwSgft: 742 412 GrgStis: 2 2 PrkChar: Detached Garage, Driveway- Detached Garage, Driveway- Asphalt Asphalt Yr Built: 1958 1955 Lk/Wt: Lot Sz: 80X118 75x128 Acres: 0.10 0.22 Fdtn Sz: 958 1,000 Ext: Fiber Board, Shakes, Wood Metal/Vinyl, Shakes Roof: Age Over 8 Years, Asphalt Shingles Age 8 Years or Less, Asphalt Shingles #Fpics: 1 2 Bsmt: Daylight/Lookout Windows, Finished (Livable), Full Finished (Livable), Full Amenit: Hardwood Floors, Kitchen Hardwood Floors, Kitchen Window, Patio Window, Natural Woodwork, A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market "alysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. Subject Property Comparable Property Details Comparable Property Details MLS#: 3310272 3282341 Status: Expired Expired Address: 3900 57th Ave N 33010 Henry Rd SchDist: Robbinsdale Osseo Map: 92A1 7884 LstPrc: $189,900 $199,900 SldPrc: OffMrkt: 03/29/2007 04/11/2007 DtCisd: DON: 83 182 Bedrms: 3 3 Sthrms: 2 2 Style: (SF) One Story (SF) One Story TatSgit: 1412 1796 AbvSgft: 1,000 1,320 SlwSgft: 412 476 GrgStis: 2 2 PrkChar: Detached Garage, Driveway- Attached Garage, Other Asphalt Yr Built: 1955 1958 Lk/Wt. Lot Sz: 75x128 78X130.76 Acres: 0.22 0.24 Fdtn Sz: 1,000 1,320 Ext: Metal/Vinyl, Shakes Metal/Vinyl Roof: Age 8 Years or less,Asphalt Shingles Asphalt Shingles #Fpics: 2 0 Bsmt: Finished (Uvable), Full Full Amenit: Hardwood Floors, Kitchen Window, Natural Woodwork, A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus Comparables properties. Jo- 1 t4k i 7Mv Subject Property Comparable Property Details Comparable Property Details MLS#: 3291787 3303268 Status: Expired Expired Address: 3713 72nd Ave N 6331 Scott Ave N SchDist: Osseo Osseo Map: 78A3 77E4 Ls{pro: $199,900 $230,000 S1dPrc: OffMrkt: 12/21/2006 04/10/2007 DtClsd: DOM: 44 120 Bedrms: 3 3 Sthrms: 2 2 Style: (SF) One Story (SF) One Story TotSgft: 1710 1630 AbvSgft: 960 1,278 BlwSgft: 750 352 GrgStls: 2 2 PrkChar: Detached Garage, Garage Door Detached Garage Opener Yr Built: 1958 1958 Lk/Wt: Lot Sz: 0x0 102x126x100x120 Acres: 0.26 0.00 Fdtn Sz: 960 1,278 Ext: Brick/Stone, Metal/Vinyl Shakes Roof: Asphalt Shingles Asphalt Shingles #Fplcs: 0 1 Bsmt: Egress Windows, Finished Full (Uvable), Full Amenit: Hardwood Floors None A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property.versus Comparables properties. 777F0. A. Subject Property Comparable Property Details Comparable Property Details MLS#: 3347274 3316789 Status: Pending Pending Address: 7212 Major Ave N 5206 63rd Ave N SchDIIst: Osseo Osseo Map: 78A3 77E4 LstPrc: $147,000 $189,900 SldPrc: OffMrkt: 04/10/2007 03/02/2007 DtCisd: DOM: 19 42 Bedrms: 3 3 Bthrms: 2 2 Style: (SF) One Story (SF) One Story gotSg ft: 1721 1513 AbvSgft: 996 1,008 BlwSgft: 725 505 GrgStls: 2 2 PrkChar: Detached Garage Detached Garage, Driveway- Concrete Yr Built: 1958 1958 Lk/Wt. Lot Sz: 75 x 172 x 75 x 164 75 x 127.5 Acres: 0.30 0.00 Fdtn Sz: 996 1,008 Ext: Metal/Vinyl, Stucco, Wood Shakes, Wood Roof: Age 8 Years or Less, Asphalt Shingles *Fplcs: 0 0 Bsmt: Full Daylight/Lookout Windows, Finished(Livable), Full Amenit: Hardwood Floors, Kitchen Window, Patio,Tiled Floors A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. N is 1 � 4 u ` Subject Property Comparable Property Details Comparable Property Details MLS*: 3286238 3309295 Status: Sold Sold Address: 6442 Orchard Ave N 4949 Abbott Ave N SchDist: Osseo Robbinsdale Map: 78A4 92A2 LstPm: $154,900 $189,900 SldPrc: $160,000 $190,900 OffMrkt: 11/22/2006 01/29/2007 DtClsd: 12/29/2006 03/23/2007 DOM: 29 33 Bedrms: 3 3 Sthrms: 2 2 Style: (SF) One Story (SF) One Story TotSgft: 1700 1796 AbvSgft: 1,050 1,056 BlwSgft: 650 740 GrgStis: 2 2 PrkChar: Detached Garage Attached Garage, Garage Door Opener Yr Built: 1958 1951 Lk/Wt: Lot Sz: 75x135 75 X 200 Acres: 0.24 0.00 Fdtn Sz: 1,050 1,056 Ext: Shakes Brick/Stone Roof: *Fplcs: 0 2 Bsmt: Full Egress Windows, Finished (Livable), Full Amenit: Hardwood Floors, Porch, Security System A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 ......... . Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. Subject Property Comparable Property Details Comparable Property Details MLS#: 3303594 3281040 Status: Sold Sold Address: 7024 Quail Ave N 6527 Ewing Ave N SchDist: Osseo Robbinsdale Map: 77E4 78A4 LstPrc: $189,999 $194,900 SldPrc: $191,499 $196,500 OffMrkt: 02/08/2007 11/13/2006 DtClsd: 02/09/2007 12/29/2006 DON: 34 47 Bedrms: 3 3 Bthrms: 2 2 Style: (SF) One Story (SF)One Story TotSgft: 1800 1713 AbvSgft: 1,000 913 BIWSgft: 800 800 GrgStis:- 2 2 PrkChar: Detached Garage, Garage Door Detached Garage, Driveway- Opener Concrete, Garage Door Opener Yr Built: 1957 1953 Lk/Wt: Lot Sz: 74X133X71X128 75X135.36 Acres: 0.23 0.23 Fdtn Sz: 1,000 913 Ext: Metal/Vinyl Metal/Vinyl Roof: Age 8 Years or Less, Asphalt Shingles, P Age 8 Years or Less, Asphalt Shingles #Fplcs: 1 1 Bsmt: Finished (Uvable), Full Egress Windows, Finished (Uvable), Full Amenit: Hardwood Floors Hardwood Floors, Kitchen Window, Porch,Tiled Floors, A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Comparative Market Analysis CMA Comparables Report April 13, 2007 This page outlines the subject property versus comparables properties. Subject Property Comparable Property Details MLS#: 3296655 Status: Sold Address: 5301 France Ave N SchDlst: Robbinsdale Map: 92A2 LstPrc: $199,900 SldPrc: $201,656 OffMrkt: 02/14/2007 DtClsd: 03/09/2007 DOM: 85 Bedrms: 3 Bthrms: 2 Style: (SF) One Story TotSgft: 1550 AbvSgft: 1,034 BlwSgft: 516 GrgStis: 2 PrkChar: Attached Garage, Driveway- Asphalt, Driveway- Concrete, Yr Built: 1955 Lk/Wt: Lot Sz: 100x145x107x105 Acres: 0.29 Fdtn Sz: 1,034 Ext: Brick/Stone, Metal/Vinyl Roof: Age 8 Years or Less,Asphalt Shingles #Fplcs: 2 Bsmt: Daylight/Lookout Windows, Finished (Livable), Full Amenit: Deck, Hardwood Floors, Kitchen Window, Porch,Tiled Floors, A Comparative Market Analysis Masood Khan Agent Phone: 952-457-7967 Statistics Sheet Page 1 of 2 Basic Market Statistics Use this sheet to see basic statistics on the market as a whole. Status: Active (12) List Price: $100,000 - $200,000 (10) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $142,000 4 4 - 3.00 2.00 1954 $1,760 1,148 912 Max $199,900 189 439 - 3.00 2.00 1968 $3,294 1,792 1,148 Avg $174,825 68.4 162.3 - 3.00 2.00 1959 $2,407 1,506 1,037 Sum $1,748,250 - $24,074 List Price: $200,000 - $300,000 (2) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $205,000 2 23 - 3.00 2.00 1955 $2,164 1,630 1,056 Max $210,000 23 122 - 3.00 2.00 1958 $2,480 1,656 1,278 Avg $207,500 12.5 72.5 - 3.00 2.00 1957 $2,322 1,643 1,167 Sum $415,000 - $4,644 List Price: All (12) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $142,000 2 4 - 3.00 2.00 1954 $1,760 1,148 912 Max $210,000 189 439 - 3.00 2.00 1968 $3,294 1,792 1,278 Avg $180,271 59.1 147.3 - 3.00 2.00 1958 $2,393 1,529 1,059 Sum $2,163,250 - $28,718 Status: Pending (2) List Price: $100,000 - $200,000 (2) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $147,000 19 19 - 3.00 2.00 1958 $2,004 1,5.13 996 Max $189,900 42 42 - 3.00 2.00 1958 $2,471 1,721 1,008 Avg $168,450 30.5 30.5 - 3.00 2.00 1958 $2,238 1,617 1,002 Sum $336,900 - $4,475 Status: Sold (5) List Price: $100,000 - $200,000 (5) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $154,900 29 29 $160,000 3.00 2.00 1951 11550 913 Max $199,900 85 113 $201,656 3.00 2.00 1958 $3,200 1,800 1,056 Avg $185,920 45.6 76.4 $188,111 3.00 2.00 1955 $2,086 1,712 1,011 Sum $929,599 $940,555 $10,432 Status: Cancelled (5) List Price: $100,000 - $200,000 (5) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $159,900 8 134 - 3.00 2.00 1958 $1,818 1,116 958 Max $199,000 134 289 - 3.00 2.00 1959 $2,523 1,700 1,143 Avg $185,720 58.6 239 - 3.00 2.00 1958 $2,286 1,525 1,048 Sum $928,600 - $11,432 Status: Expired (5) List Price: $100,000 - $200,000 (4) http://matrix.northstarnils.com/Matrix/Statistics.aspx?c=AAEAAAD*****AQAAAAAA... 4/13/2007 Statistics Sheet Page 2 of 2 List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $189,900 44 44 - 3.00 2.00 1955 $2,740 1,412 960 Max $199,900 182 248 - 3.00 2.00 1958 $2,839 1,796 1,320 Avg $194,900 99 159.8 - 3.00 2.00 1957 $2,773 1,583 1,070 Sum $779,600 - $11,093 List Price: $200,000 - $300,000 (1) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $230,000 120 120 - 3.00 2.00 1958 $2,137 1,630 1,278 Max $230,000 120 120 - 3.00 2.00 1958 $2,137 1,630 1,278 Avg $230,000 120 120 - 3.00 2.00 1958 $2,137 1,630 1,278 Sum $230,000 - $2,137 List Price: All (5) List Price DOM CDOM Sale Price Beds Baths Year Built taxes Total FSF FSZ Min $189,900 44 44 - 3.00 2.00 1955 $2,137 1,412 960 Max $230,000 182 248 - 3.00 2.00 1958 $2,839 1,796 1,320 Avg $201,920 103.2 151.8 - 3.00 2.00 1957 $2,646 1,592 1,112 Sum $1,009,600 - $13,230 Status: All (29) List Price: $100,000 - $200,000 (26) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $142,000 4 4 $160,000 3.00 2.00 1951 1,116 912 Max $199,900 189 439 $201,656 3.00 2.00 1968 $3,294 1,800 1,320 Avg $181,652 63.9 150 $188,111 3.00 2.00 1957 $2,366 1,570 1,037 Sum $4,722,949 $940,555 $61,506 List Price: $200,000 - $300,000 (3) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $205,000 2 23 - 3.00 2.00 1955 $2,137 1,630 1,056 Max $230,000 120 122 - 3.00 2.00 1958 $2,480 1,656 1,278 Avg $215,000 48.3 88.3 - 3.00 2.00 1957 $2,260 1,639 1,204 Sum $645,000 - $6,781 List Price: All (29) List Price DOM CDOM Sale Price Beds Baths Year Built Taxes Total FSF FSZ Min $142,000 2 4 $160,000 3.00 2.00 1951 1,116 912 Max $230,000 189 439 $201,656 3.00 2.00 1968 $3,294 1,800 1,320 Avg $185,102 62.3 143.6 $188,111 3.00 2.00 1957 $2,355 1,577 1,054 Sum $5,367,949 $940,555 $68,287 httn://matrix.northstarmis.con/Matrix/Statistics.asiDx?c=AAEAAAD*****AQAAAAAA... 4/13/2007 Review Of 7216 Willow La PID#25 119 21410062 i Michael ho 2007 Board of Appeal and Equalization X r i SUBJECT PROPERTY 7216 Willow La Michael Barthold PID# 25 119 21 41 0062 5 � f . Land Characteristics Land Area: 29,202 sq. ft. Frontage: 103 feet 2007 Land Value: $ 195,000 2007 Bldg. Value: 189,000 TOTAL 2007 EMV: $384,000 Building Characteristics Style: 1 '/2 Story, 1832 sq. ft. Above Grade Room Count: 7 / 3 / 1 Full and 1 Deluxe Bath Below Grade Room Count: 1 / Rough In Bath Garage: 2 Car Attached Porches/Decks/Misc. : Porch and Deck Central Air Conditioning: CAC Cit y o f Brooklyn Center y A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Michael Barthold 7216 Willow La Brooklyn Center, MN 55430 Mr. Barthold contacted our office regarding the 2007 valuation notice. His concern was the valuation of his home located at 7216 Willow La. He felt the 2007 estimated market value of$384,000 did not represent what his property would sell for on the market. He was directed to schedule an interior review with an appraiser and have a market analysis completed by a local realtor. To date, the Assessor's office has not received any market information from Mr. Barthold. An appraiser from the Assessor's office reviewed Mr. Barthold's property on April 12`h, 2007 and made several changes to characteristics. These changes represented a valuation increase of$8,100 to the property. This increase would bring the market value to $392,100 if adopted for the 2007 assessment. Mr. Barthold received a letter from the Assessor's office stating his 2007 estimated market value would be sustained at $384,000. In reviewing sales of comparable properties, Mr. Barthold's 2007 estimated market value of$384,000 falls within the indicated range of adjusted sales. The enclosed grid indicates a value range for the subject of$383,500 to $467,300. It is staff's recommendation to sustain the 2007 estimated market value of$384,000 for taxes payable in 2008. The most up to date property characteristic information reflecting the higher value of$392,100 will be used in computing a value for the 2008 assessment. Mr. Barthold has a limited market value of$369,600 for taxes payable in 2008. His taxable value for payable 2008 taxes is $363,400. Respectfully, �v Nancy Wojcik, SAMA City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall& TDD Number (763) 569-3300 FAX(763) 569-3434 FAX(763) 569-3494 www.cityol'brooklyncenter:org Page 1 of 1 7231 "?a ll"IN ORA r o FI: ,7225 III (36)7224 � 3 y 216,41 c . - 722. _ L7 .. � •.., � :.___ ,.�.::?... OL1 ' wN a c P +Cl "L{3T3 f` (62), 7216 (^� yy A � I"ZSx.F p J }y Sr 'YdP ¢y '24, x p 7211 k X37) a UZ 7207 Ji 3 Location Map http://wwwl3.co.hennepin.mn.us/output/HCPROPERTY MAP_WWW1342367492129.J... 4/17/2007 Hennepin County Oblique Aerials Page 1 of 1 j Hennepin County Oblique Aerials Images courtesy of: Microsoft©Virtual EarthTM 2006 Prir Flight Date:April 2006 �x x a. �t2 http://wwwl3.co.hennepin.mn.us/HCPropertyMapBirdseye.aspx?PID=2511921410062 4/20/2007 Property Data Brooklyn on • o• i Property ID Haase# Street Name Lk* 1 Photo(s)on fie Today's date:Ott 2(2007 Me Release:1.03A6 1 Sketch(es)on 25-119-21.41 0062 f Address: 7216 I _ L on user,.HENNA Asses�r!Comments on Me (Asses-w-J#Brenna( SIP She PID 1 Parcel Search 2 Clear 3 Prir4 4 View Photos Parse!Status:ACTIVE + Porcel Actmmrstra .. x .. Vas AdrrVistratron Sales Administration Sales Information Assessment Year: X07 MarxW Assessment: Sales Ratios Comparables Information Dwell Tye Singh Farm Qua�ty Style1 1 J2 MinMax Cases Total GBA: 1832 Age: 17 Z Price/Time Adjustments oning R1 Weight Parameters Basic Rate: F $67.32 Comparabtes Batch Upda Adjusted Rate: r $71.02 --> Ext.Wain X. 25 Shape X 3,0 * Property Characteristics �. 4a CAMA Adj Rate"GBA: 1 $130:1 ---> Add Baste 1 $15.780 r 1052 sqR Lak $15:00 CAMA Inquiry Ded.UnLGBA SO S¢t @ $50 Q0 Market Value Residential _ Market Value Commercial Adjusted Total- $145.($6 Market Value MuN-Fm* Rate Tags-Residential _-- °Garage: r CAMA•Residential Add&e Amount $50 251 > �: $7.643 Dormers: $0 Patio boas: s + r„ Special Assessments Walkout Air Cond i 52.198 Decks: r $4.988 +' CA Reports and Inquiries +, Database Utilities Patios: Porches: $7,000 Pools: $0 Baths: $13,500 Fes: $6,000 F'xr.Bsmt $8,942 Total Cost $196.139 Adiastmemts"�: 9.4 Depeciation X: f 96.4 Inf uerr,"X: 0.0 Functional X 0.0 Economic 0.0 Bung Value: $169,000 Bkiq Mkt.Value: $169,000 Fiat Values: $0 Land Mkt.Vim: $195,000 Total Mkt.Value: t }. I I fig$LOGIS - Property Data t a i y; f ro ki n Center i[ n B Server - - a wv s: s Y t t Nzw _t Values Information Y k i b .ylyyrv�. v ,fz k J.s i Y W. ffi R s FOREi a 200 r r • a - r City of Brooklyn Center PID: 25-119-21-41-0062 Property Type: RL-Residential Lakeshore Residential Field Card Property Address: 7216 Willow La N Zoning: RI Printed: 4/20/2007 Lot/Block: 000/000 Dwelling Type: Single Family Assessment Year: 2007 Addition: Auditor's Subdivision No.309 Hennepin County, Owner(s): Michael L Barthold Version: 1 District: MS Model: Neighborhood: 0056 Nancy Barthold i M' Ist Baths(#1QitaMxtJ) Iotu(0no Dimensiiins i Zoning: RI Partial Const(%): Pool 1 Area: Spa: / Interior. eng Widthq t Area Rating Excellent Model: Quality: Dix: / Trim: Bedrooms: 3 36 27 972 Site Rating: Very Good Dwelling Type: Single Family Pool Area: Full: 1 / Very Good Floor. Baths: 2 4 20 80 Land Quality: Adjacent Property. Positive Quality: 3/4: / Avg.Clear.Height: Family: 1 0 0 0 Contamination: View: Positive 1/2. / #of Fireplaces: Living: 1 0 0 0 Flood Plain Ma Ref: Arch./Appeal:eal: Ve Good A3c> f g P PP Very TstYiit Fplc Quality: Dining: 1 0 0 0 PUD Ref: Quality: A04 Allowable Units Shape: L-Shaped Bedrooms: 2 Kitchen: 1 0 0 0 Sj�tty} Baths: 1 Other: 0 0 0 0 Excess Land(SgFt): Style: 1 1/2 Spa: / Family: Dix: / Total: 7 Zoning Variance: N Construction: Wood Frame Living: 1 Full: / Frontage: Exterior Walls Stucco Dining: 1 Left Side: Exterior Trim Stone Beit.... " t g 3/4: / X Kitchen: 1 a,,.., .. . i r,.,, f ,iii Rear Side: Roof Type: Gable Area(SgFt): 1,052 Other: rd / Date: Right Side: Roof Cover. Shingles Type: Regular Total Rooms 5 3rd P© tttt "' Price: Effective Width: 103 Window Type 1: Double Hung Finished(%): 50 ,r Bedrooms: Code: Effective Depth 200 Window Type2: Quality: Very Good ~a,//e�yyex 3z Baths: Desc: Effective Water. 0 Air Conditioning: Yes #of Fireplaces: 1 Interior. Plaster Other:Trim: Hardwood .. . ,20,600 Dormer Length Total Rooms:Pro Property Y Area S Ft: F ic. uali ty Avera Acreage: Dormer Quality. Avg Clear.Height: Floor. Carpet Appraiser ID: 21 Park: #Patio Doors Elec.Svc: Standard Avg.Clear.Height: ,,, .,,,H/ W Appraisal Date: 04/12/2007 Park Quality: Htg.Svc: Forced air,gas fired #of Fireplaces: Res.Cond: Good Reason: Appeal .¢ Int Layout Standard On Lake: � W.O.Type: Fplc.Quality: Y Result Interior (stage#I 2nd Baths(4/Quality) Manual Assess: N Lake Quality. W.O.Quality: On River: AVERAGE Placement Attached Actual Age: 1950 1EN River Quality: Very Good #of Cars: 2 Spa: / Effective Age: 1990 Landscape Quality: Average Floor Area 440 Basement Baths if Dix: I / Very Good Renovated Age: Appraiser ID: P Q tY g � !� . Condition: Average Full: / Functional g Spa: / 3/4: / %: Appraisal Date: Attu ibutes Exterior Walls Stucco Dix: / 1/2 / Economic �ata a#2 Full: / Bn�id , .. R1, Reason: Gas 2nd Tioom i ;. Placement. 3/4: / �e Unfin.1st GBA: Paved Street Bedrooms: 1 #of Cars: Sewer Available 1/2: / Unfin.2nd GBA: Result: Water Available Floor Area Baeereut #tunt Baths: 1 Unfin.3rd GBA: Condition Other: Bedrooms: Unfin.GBA: Left Tag Yes/No Exterior Walls Total Rooms: 1 Baths: 1st Floor Area 1,052 tY /„:» Family: 1 2nd Floor Area 780 �> _u.. „ , � �� »„,�,,., Glazed Area 200 Kitchen: 3rd Floor Area Value. 2,500 Quality: Very Good Other: Total GBA 1,832 Desc: 2 DAYLIGHT WINDOWS&R/I BATH Screened Area Total Rooms: 1 Qual ity: 1t�tt . . iomments Influences u Open Area: Kitchen Rating: Very Good PORCH W/CT FLR,FP&DECK ACCESS.CLAD STORMS ON ORIG WINDS EXT VG COND.BSMT FIN Quality: Interior. Plaster SHEETRK WALLS&CEIL/REC LIGHTS&2 DAYLIGHT WINDS=VG. 2ND STORY ADDN 2000 :ti Trim: Hardwood CREATES MASTER UPSTAIRS W/WIC&DLX BATH W/CRN SHOWER W/CT SURROUND&FLR,SEP Patio 1 Area. Floor. Wood CLAWFOOT TUB&PED SINK/VERY LRG. KITCH W/PAINTED ORIG CABS,NEWER COUNTER& Quality: Avg.Clear.Height: BEADBRD BKSPLSH&CEIL. MAIN BATH ALL ORIG CT-NO SHWR/NICE. GB BSMT WINDS. 3 Patio 2 Area: #of Fireplaces: 2 NEWER WINDS ON MAIN FLW2ND FLR ALL NEWER BSMT BATH GUTTED 4/07-VALUE AS R/I Quality: Fpic.Quality: Very Good WILL BE 3/4. SHED=F Deck qk, Deck 1 Area: 414 Quality: Average Deck 2 Area: Quality: City of Brooklyn Center PID: 25-119-21-41-0062 Property Type: RL-Residential Lakeshore Residential Field Card Property Address: 7216 Willow La N Zoning: RI Printed: 4/20/2007 Lot/Block: 000/000 Dwelling Type: Single Family Assessment Year: 2007 Addition: Auditor's Subdivision No.309 Hennepin County, Owner(s): Michael L Barthold Version: 1 District: MS Nancy Barthold Model: Neighborhood: 0056 37' deck o r 90" 494' t 20' 22' Garacae Porch 440" 200' First Floor 90!52' 22' 36' W� K 20' 16' =a '12' 8' NZ r W Base�tteirt 8' second Floor 9052' �-' 780' 8' sy s",a r r 8" 8' 36" M. 20' Sketch by Apex IV-' RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID APPRAISAL OF 7216 Willow La Brooklyn Center PID#25-119-21-41-0062 2.5°/.average river growth from 2006 to 2007 annually SUBJECT COMP.#1 COMP.#2 COMP.#3 COMP.#4 COMP.#5 NAME Michael Barthold NAME ADDRESS 7216 willow La 3024 Nash Rd 6512 Willow La 6620 Willow La 7212 Willow La 8672 Mattson Brook La.N Brooklyn Pk ADDRESS PID 25 119 2141 0062 34119 2144 0021 36119 21 14 0003 36119 21 13 0021 25119 2141 0037 13119 21 31 0002 PID SALE PRICE $243,500 $380,000 $430,000 $360,000 $552,000 SALE PRICE Financing Adjustment ($3,800) Financing Adjustment Sale Price Sale Price (Adjusted for Finance) $243,500 $380,000 $430,000 $376,200 $552,000 (Adjusted for Finance) SALE DATE Aug-06 Apr-06 Nov-06 Nov-05 Mar-06 SALE DATE Sale Price Sale Price (Adjusted for Time) $245,500 $386,400 $431,000 $386,500 $562,400 (Adjusted for Time) LOCATION VERY GOOD INFERIOR SIMILAR SIMILAR SIMILAR SUPERIOR LOCATION SITE/FRONTAGE 29,202SF/103 FRONTAGE 16,953SF/OFF WATER $125,000 13,3011 APX 75 FT FRONTAGE 18,580SF 1106 FT FRONTAGE 22,660SF I100FT FRONTAGE 22,804SF I14OFT FRONTAGE ($30,000)SITE I FRONTAGE STYLE 1 1/2 STORY 1 1/2 STORY 3 LEVEL SPLIT 2 STORY SPLIT ENTRY 1 1/2 STORY STYLE SIZE(s.f.)Above Grade 1,832sf 17 13 1,854SF 17 14 1,520SF/6/3 $15,600 2,656SF/7/3 ($41,200) 1,080SF/7/3 $37,600 2,921SF/8/4 ($54,500 SIZE(s.f.)Above Grade Room Count/BR Room Count/BR BONE GRD BATHS 1 FULL&1 DLX BATH _ 2 FULL $2,000 1 FULL&13/4 BATH $4,000 1 SPA,1 FULL,&1/2 BATH _ ($4,000) 1 FULL BATH _ $8,000 1 SPA,1 FULL&1 1/2 BATH ($4,000)ABOVE GRD BATHS YEAR BUILT 1950 1958 1976 1988 1962 1955 YEAR BUILT QUALITY/COND ABOVEAVERAGE SIMILAR SIMILAR SIMILAR SIMILAR SIMILAR QUALITY/CONDITION #FIREPLACES 3 NONE $6,000 2 $2,000 2 $2,000 3 2 $2,000 #FIREPLACES HEAT/AIR C. GFA/CAC GFA/CAC GFA/CAC GFA/CAC GFA/CAC GFA/CAC HEAT/AIR C. BSMT FULL FULL PARTIAL $9,300 FULL FULL FULL BSMT B BATHS 50%/1/ROUGH IN BATH 75%1210 ($5,000) 75%/3/3/4 BATH ($10,000) 50%/1/3/4 BATH ($2,500) 75%/3 13/4 BATH ($$100) 40%/2/0 BATH $5,400 BSMT FIN.RMS I BATHS GARAGE(#cars) 2 CAR ATTACHED 2 CAR ATTACHED 2 CAR ATTACHED 2 CAR ATTACHED 2 CAR ATTACHED 3 CAR ATTACHED ($4,000)GARAGE(#cars) HENRIES GLAZED PORCH&DECK DECK $10,000 GLAZED PORCH&DECK DECK $10,000 DECK $10,000 OPEN PORCH&DECK $5,000 AMENTIIES REMODELING 2ND STORY ADDITION 2000 2ND STORY ADDrrION 2002 KITCHEN REMODEL ($15,000)REMODELING OTHER WALKOUT ($12,000) WALKOUT $12,000 OTHER Net Adjustment 56.21% $138,000 2.30% $8,900 -8.28% ($35,700) 9.18% $35,500 -16.91% ($95,100) Net Adjustment Indicated Valu $384,000 $383,500 $395,300 $395,300 $422,000 $467,300 Indicted Yalu. Valuation Reconciliation: Value Rance$383,500 to 467 300. Recommendation:Sustain EMV of$184,000 COMMENTS: Subject property is located along the Mississippi River in a very good area with custom homes along the riverfront,and high quality homes across the street. Home is of above average quality and in very good condition. A second story dormer addition was added in 2000. Sales of homes within 100 square feet of the subject have not been adjusted for size. Comparables 2,3,and 4 are located in Brooklyn Center. Although varying styles,these properties have been adjusted for size and amenities to the subject property to represent the Brooklyn Center river market. In this area of custom built homes,it is very difficult to find 1 1/2 story Comparable properties. Comparable number one is located off water in Brooklyn Center and is used here to Compare a similar style and size property from an off water city neighborhood. Comparable number one has an adjusted site value to account for subject property's location on the river. Comparable number 2 was not listed on the multiple listing service,but is considered a good sale by Hennepin County and verbal confirmation with the buyer. 2007 Estimated Market Value $384,000. 2007 Limited Market Value $369,600. 2007 Taxable Market Value$363,400. G:IBOARD120071[barthold Grid 07.XLS]07 barthold GRID right order 4/20/2007 LComparable Sales M. 13z 64th Mmw Dr NE a4th Ave NE €:.. 82nd Ave NE eb -� 8672 Mattson`Brook Lane N SISt AVe NE r ►�... ..' c3 Both Aft NE CK 79th AVe NE x � Aue N ..1 SSth AVe N C4tttted NE Urd A* N Park 83rd AVe N lr 62nd AVe N Pork' ti "► Sth Ave N 8 t st Ave N 73rd Ave NE 734 fie ,... .?�A Ace N V ;_ GrookdOa Adak Dr ° l r�ckt A or N (`r AVe #7 216 tNi11t3i+V 6Wh Ave, 73rd Aue N 7e s72 12 Wiltow 169th Aw N 69th Ave N At* (v # _ so k' a SS+th Ave N t! tyryryry,�{{ �e - 65 2 Willow - R i7 i�32T IVBSI'1 -layce L4 3W aW 36 61St Ave H CBtI '' 61$t AVe N ,. 53rd Me NE 152� Eli Ave N h Ave Pt ,?' LBk Ord so Aft , �, � �' 67. 57th Ave PV � �� s 44th NE M64 ? �a COMPARABLE SALES PHOTOS Comparable # 1 3024 Nash Rd PID# 34 119 21 44 0021 r MI t. Land Characteristics Land Area: 16,953 sq. ft. OFF WATER Sold: August, 2006 Sale Price: $243,500 Building Characteristics Style: 1 '/z Story Above Grade Room Count: 1,854 SF. / 7 / 3 / 2 Full Baths Below Grade Room Count: 2 / 0 Bath Garage: 2 Car Attached Fireplace: 0 Porches/Decks/Misc.: Deck COMPARABLE SALES PHOTOS Comparable # 2 6512 Willow La PID# 36 119 21 14 0003 _ i �Za t p d s yt W r Land Characteristics Land Area: 13,301 sq. ft. Frontage: 75 feet Flood Plain Sold: April, 2006 Sale Price: $380,000 Building Characteristics Style: 3 Level Split Main Level Room Count 1,520 SF. / 6 / 3 / 1 Full & 1 3/4 Bath Below Grade Room Count: 900 SF. / 3 / 1 3/4 Bath Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc.: Porch and Deck COMPARABLE SALES PHOTOS Comparable # 3 6620 Willow La PID# 36 119 21 13 0021 r. d f f a Land Characteristics Land Area: 18,580 sq. ft. Frontage: 106 feet Flood Plain Sold: November, 2006 Sale Price: $430,000 Building Characteristics Style: 2 Story Main Level Room Count 2,656 SF. / 7 / 3 / Spa, Full & '/2 Bath Below Grade Room Count: 1 / 1 3/4 Bath Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc.: Deck COMPARABLE SALES PHOTOS Comparable # 4 7212 Willow La PID# 25 119 21 41 0037 F P. M l r � .�� 1- E��a ^�,Q.r• • ' i as _'!ja.'—�w�wi �nw tin to�"•.� '�� f Land Characteristics Land Area: 27,035 sq. ft. Frontage: 103 feet Sold: November, 2005 Sale Price: $380,000 Building Characteristics Style: Split Entry Main Level Room Count: 1,080 SF. / 7 / 3 / 1 Full Bath Below Grade Room Count: 3 / 1 % Bath Garage: 2 Car Attached Fireplace: 3 Porches/Decks/Misc.: Deck COMPARABLE SALES PHOTOS Comparable # 5 8672 Mattson Brook La N Brooklyn Park PID# 13 119 21 31 0002 s Land Characteristics Land Area: 22,804 sq. ft. Frontage: 140 feet Sold: March, 2006 Sale Price: $552,000 Building Characteristics Style: 1 1/2 Story Y rY Above Grade Room Count: 2,921 SF. / 8 / 4 / 1 Spa, 1 Full, & 112 Bath Below Grade Room Count: 2 / 1/2 Bath Garage: 3 Car Attached Fireplace: 2 Porches/Decks/Misc.: Open Porch & Deck Americlnn 2050 Freeway Blvd. Brooklyn Center, MN 55430 PID# 35-119-21-13-0021 2007 Board of Appeal and Equalization k y Zoning: PUD / 1-1 Land Area: 71,260 sq. ft. / 1.63 Acres Year Built: 1997 GBA: 42,612 sq. ft. Units: 83 City of Brooklyn Center A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Americlnn 2050 Freeway Blvd. Brooklyn Center, MN 55430 Mr. Ralph Thomas contacted the Assessors office regarding his 2007 estimated market value on the Americlnn. Mr. Thomas expressed a concern that the hotel would not remain competitive in the market with a 26% increase over the prior year valuation. Mr. Thomas has provided the Assessor's office with income and expense information, an analysis of valuations for Americlnn hotels and a listing of personal property. Mr. Thomas is requesting a 2007 estimated market value of$2,693,000 for taxes payable in 2008. On April 27, 2007, 1 met with Mr. Thomas to discuss the personal property and income and expense information used for the 2007 estimated market value. At this time an interior review of the property was completed and updated photographs were taken. There appeared to be no physical changes to the property. The physical characteristics on the property field card were verified as correct. The property appeared to be in overall good condition. Decorating and finishing appeared to be the standard for the Americlnn Hotels. In reviewing sales of hotels in Hennepin County, there were only two mid-scale class sales of hotels in Brooklyn Center. These sales were the subject property itself and the Country Inn & Suites. These sales were adjusted to the subject property for time and size to get a market indication of the value per unit. The enclosed grid indicates a value by market approach of$48,000 per unit. The indicated value of the subject property by market approach would be $3,984,000, based on 83 units. The income approach was used to calculate the 2007 estimated market value using the actual income and expense information provided by Mr. Thomas. Due to the confidential nature of this information this information has not been included in this report. Mr. Thomas has been provided with copies of all his confidential documentation for his distribution to the board. A market derived income approach was used to calculate the value using market information for a mid-scale class hotel. The market derived income approach has been included in this report. The indicated value by a market value derived income approach is $39,200 per unit or a total value of $3,254,221. 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall & TDD Number (763) 569-3300 FAX(763) 569-3434 FAX(763) 569-3494 w it)w.cityofb rook lyn center.ora Due to the age of the property, the cost approach was considered but not used for this report. It is my recommendation to sustain the 2007 estimated market value of$3,502,000 for taxes payable in 2008. Respectfully, Nancy Wojcik, SAMA ' Ci ty Assessor Report Name: City of Brooklyn Center Printed:4/20/2007 PropSumm_Public Page: 1 Public Property Summary PID#: 35-119-21-13-0021 Buildings on File: 1 Property Name: Americlnn Property Address: 2050 Freeway Blvd Brooklyn Center, MN 55430 Multiple Address: No Lot/Block: 000/000 Addition: Registered Land Survey No 1690 Legal(120): TRACT A Owner(s): THI INVESTMENTS Lot Size: 71,260 Sq.Ft./ 1.65 Acres Zoning: PUD/I 1 Gross Office Area Percent: Building Use: 343 - Motel/100% #Stories: 4 Avg Story Height: 9 Avg Clear Height: 8 Actual Year Built: 1997 Effective Year Built: 1998 Renovated Year: First Floor Area: 15,102 Gross Building Area: 42,612 Basement: No Parking: Parking-Surface Property Classification: Commercial 2007 EMV: 3,502,000 2006 EMV: 2,787,500 2005 EMV: 2,644,000 EMV/GBA: 82.18 AA .4 u i ri=d _ _ri � . I�E.x�� 7 '9 .I�i p ' � ea C �, r �. �. �� 5 �� ;, ; �i b � s 5 4° �^ "N �' � „,,ar��, .a: ,3 " .. �; � .. z. � �� '� � } ! � .� .�,.'�� w- u. (.;_uw, a� 1 � x: _.I .� A �"z�r ii 4 �{� - • _ �: : �. :- � 14441'j y. ' t , j s fit. `� •4 s I I ' 19 2004 3 Vista low Of t i Hennepin County Property Map - Tax Year: 2007 The data contained on this page is derived from a compilation of records and maps and may contain discrepancies that can only be disclosed by an accurate survey performed by a licensed land surveyor.The perimeter and area(square footage and acres)are approximates and may contain discrepancies.The information on this page should be used for reference purposes only. Hennepin County does not guarantee the accuracy of material herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. II 6601 22 PARKWAY GIIt If, f r II �I �I 2200 2050 2000 �) 2100 �I �I y�� 7 Y — &VD _ 2101 _— Selected Parcel Data Date Printed:4/26/2007 9:52:37 AM Parcel ID: 35-119-21-13-0021 Current Parcel Date:04/4/2007 Owner Name: THI INVESTMENTS LLC Parcel Address: 2050 FREEWAY BLVD,BROOKLYN CENTER, MN 55430 Property Type: COMMERCIAL-PREF Sale Price: $4,000,000.00 Homestead: NON-HOMESTEAD Sale Date: 07/2006 Area (sgft): 80497 Sale Code: WARRANTY DEED Area (acres): 1.85 A-T-B:TORRENS Market Total: $2,787,500.00 Tax Total: $99,094.66 Hennepin County Property Map - Tax Year: 2007 The data contained on this page is derived from a compilation of records and maps and may contain discrepancies that can only be disclosed by an accurate survey performed by a licensed land surveyor.The perimeter and area(square footage and acres)are approximates and may contain discrepancies.The information on this page should be used for reference purposes only. Hennepin County does not guarantee the accuracy of material herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. 7 b� T PARKWAY CIR Will y F r tr dir d' low er zos0 a� fT 2000 qW y • _ r Selected Parcel Data Date Printed:4/24/2007 3:32:40 PM Parcel ID:35-119-21-13-0021 Current Parcel Date:04/4/2007 Owner Name:THI INVESTMENTS LLC Parcel Address: 2050 FREEWAY BLVD,BROOKLYN CENTER, MN 55430 Property Type:COMMERCIAL-PREF Sale Price:$4,000,000.00 Homestead:NON-HOMESTEAD Sale Date: 07/2006 Area(sgft):80497 Sale Code: WARRANTY DEED Area(acres): 1.85 A-T-B:TORRENS Market Total:$2,787,500.00 Tax Total:$99,094.66 •.LOGIS -Property Data System - City,nt Brooklyn Center -:Files on OC Server <; r ,r m filesTogiskPDS cs� ., x E x€ � nxaxa,r �w /r s Information / i N �,1 wll!II � �` i „ ,i � 1 ia■ IE ais �` i �`'s"' g t �� !,� ��f ,.��., � ..1 l:e `i •, ! :r.£., .—I. R t i i Y :;. 8d E iE' i- ira 49 �N Y s r � � . •i'.E' t-E � � it n :. met timst S } i } - Rs S I VV *Y ` y i■sf Yy r �- � Y, `� I i • yy y •• E a6 1yyF ■y -3 x4■F•i #s t iy i! ib/53",� M /. } E� i� .�.R * � .. ` �� :: �i ■ F�4 ��#� �# i' 1t s 4 i# • ! i.'it� R ............. �:.� 54� ML � ; i . aE+ ■� i• i� [ III � ii�R ��■ � ��'8 .}/ 4 } �a } iW H :11 riri rE:ex s __�.. i� �F�[ i f�# � �'�� r j�✓' r^,�,�, ° : L Z E3 � =.i !'�� iii� • t��l 5/ E� w i yy i yy l/ �,,,w_1/i MEN City of Brooklyn Center PID: 35-119-21-13-0021 Property Type: C-Commercial Commercial Field Card Property Address: 2050 Freeway Blvd Zoning: PUD/I1 , Lot/Block: 000/000 Addition: Registered Land Survey No 1690 Owner(s): THI INVESTMENTS Printed: 4/26/2007 District: Assessment Year: 2007 Neighborhood: 0011 Project(s): Version: 1 Watershed: 14 Building: 1 School District: 0286 FY 3 31 .H ,,,j 3 1.1. fi/�/ :,51 r 'w. ,,.�/ t,.'>- a Ytt+tbm - ,ikr1Qn w. '.', ,, ..,ll .. a a ,..a•,.,,,..'- ':;:..,. ,.9ti ...�.' e,... .. ��i f'4 Zoning: PUD/I1 Name. AmericInn � � "�y6 Gross„ g �asequ�ott ,: Income: Area Rating: Very Good Area(SgFt): Vacancy Percent: t'uahty . Site Rating: Good uali o "` " "' Basement Area Percent: Effective Gross Income Land Partial Construction(/o): Quality: Overall Quality. Bsmt.Use Code: - Operating Expense Contamination: Architectural Appeal: Very Good Bsmt.Use Code Suffix: Net Income Flood Plain Map Ref: Capitalization Rate: PUD Ref: Construction Quality: Good Elevators) 2 Allowable Units Construction Type Masonry � � Gross Rent Multiplier. Excess Land S Ft: Building Condition Good „ ✓y .y K Rent/Square Feet ( q ) Security stem Y s Electrical Service: Average tY Y Zoning Variance N 4alt�nd R ✓ 1N� Plumbing: Average �� ` Frontage: 141 Primary Exterior Walls Wood Sprinkler Type/Percent: Yes/100 ` ' ° Left Side: Secondary Exterior Walls Date: 07/05/2006 Rear Side Roof Construction: Wood eating "'` Ype� cen Price: $4,000,000 Right Side: Roof Type: Heating 1: HVAC/90 Code: 00 Effective Width: Heating 2: Forced Air/10 Roof Cover. Asphalt Shingles Desc: Good Sale Effective Depth 410 a Heating 3: / bodes 1 e suffix l° Effective Water. 0 Type". a 1 (TypniP cetrt) i ,s Code 1 343-Motel 100 ,w , Property Area(SgFt): 71,260 A/C 1: Wall/90 Appraiser ID . 11 Acreage: 1.65 0 A/C 2: Central/10 Appraisal Date. 04/17/2007 Park: bode 3 0 A/C 3 / Reason: Appeal Park Quality: 064 0 On Lake: 1 Result: Interior Lake Quality. De rec! non and A e Fctional% But Areas Actual "I'M River: . , River Quality: Economic%: Effective Age: 1998 Gross Building Area 42,612 Appraiser ID: Landscape Quality Physical% Renovated Age Jim" d �3 � - Net Rentable Area 25,089 Appraisal Date: Altrtl)tites, Mezzanine Area Buried Electric yes anti Parking �s, y� y y Total Floor Area 42,612 Reason: Curbs % Type ;} . Spaces A fiellx$ )gurld` Gas T", lr, Parking-Surface 96 32,000 i ILattos did 'trmetcr Result: Irregular Shape Land Building Percent: 167.2 Floor Area Percent 59.8 Left Tag: Yes/No Paved Street g� Sewer Available Type Perimeter Length 686 z Soil Correction T��s: Office Area: ; ,3;'�, 3n3331' i.'i3.y r '; !!k"„3 4 �,_!r ,,.,'.u „&'! Water Available Gross Office Area Percent Value: Eols s a Net Office Area Percent Desc: Numb Type ,,.. - . Inflettcs '- „ 1 Indoor Building started 1998,1,872 SF Balconies serve 24 Rooms 6 Suites,9 Rooms W/Whirlpool.Hot Tub& Swimming Pool w/Sauna.Beakfast area,&hospitality area,conference room available2 Elevators,Exercise Rm Bnidlt# eights � Operable Windows Concrete partywalls and floors for minimal noise 1,600 amp electric.Vaulted ceiling in pool m.•.,.' and lobby.Fieldstone gas fpic Two line phone Wdata ports.ROOMS IN GOOD COND. Average Story Height 9.0 Number of Stories 4.0 Average Clearance Height 8.0 Finished Ceiling Height: Mtscellartet Income/Lease: Tenant: i c /3/f l 97- 96 3 Gu�s�- Su;l�s 10 o F1eor VNu�t )69 SQNVw ACV- 1 4u,, 3 z x.9,5 ►. ,.� _ -t - -- �----150 POO - - - - - - - - f'U� B M k Pp 4 f 13 �5 � ( I 13 ! 1 I L T/CC,( Alct"w-r� CPNS/fw'-(;O- � '� blarb wo((5 b�♦!W�.., k.., lS� d L1�. wal/ o1 r4S. {7a ,4 COL^rYe�e J s+ Flo o Burt,%s W l3/or l� /}s��Jt u lc 3g/ wall • �l lrt 3 Ve'" 41 .� O C7NPS'{ 1Zvows J3Xa� ��G7ar s;�;uy P;11 y rloy'r_5 7 3 7 e M Klood Vt,4-, e G1a: la,.,,, /YU.55 Gabl{ roo f ,� I � Try e S C'dar fasc'ir, Wood TrNss w 31V P/Pll/. ] V COc'XV5 w bdl,,uy J '7 (6d EI FS T pt F � r rs 3 V %t,;u/ultay Alm%n Sl;d pr w,�Ja,�•s -t a Yi�K Vr�,r�y� Tyve4 AI dd;r2 wirer 7W � �4ti�cc�'U�> J � V� a,k) �roc L 5 Y 7;v re 9 p�r,1;�1 t'ow /�1,�•w 1/x/98 4 /cv. tlys, _ 1 T/rz C t � Idy z50 �, isv 3Tr�� MG soN.r wu J� y n a�/ 9 6 E wi d�wS s ,l- / k'oo� c, D 7� pc ) 00 � G �t = �� o0 1 Sow,P 'PtIA.ti, R/I � X 39 -7 30V �4!►oM;.•s 1�� . R/s (�4 Jl �/a 9, �l x 'F� 6 1S T"off 160 GR WNr'q Y!J F oov R 00V,y $ II 7� / lsf ou��nt �d, 31��' C l�s� �OSe��l4 p0r ) �� 20 4L 11.t f-Y, LA /-/3-pQa/ 3rd -Floor ly /ooY Pao I � 3rd F/oov" ao �r" - loots 7a 1,4 ifs R M 5 RMf � S ' — J 3 13 - 6 L - D D D D .Z wt�►� ..l P - 2 t wMit�Pu.� E � �?,lco( is 'dalro�r^s f p; ►w► PuSl4Ns 3►a 16y x5o � 1/so I1 Yav Cl d Sy6 ear� door C.?IY ( ,Z�� FlooY s ^ Rjp�cvuirS EL 2d �lao� l�w►s -k — � — � - — , 169 B B 5 °�� r ,I ' �eftr)Na P;voruSIa�S A A n F A - 3 I (W�;11fou ) 5) x 36 = VAL as stA IT"/—I.L. S G 1 6 su;te (,//W,.,/) 6 p 1316 = �l6 �j 144 PricT�► �► 3S"'/l9-..?//3"D4117 i9rrC,; Accj TL Wro1, ?13 Np /lve Furyyo NO fa/ 3z,nod �ov;�� T1Uwbiln /r[)<ri�4 / L� IGCJgo��. Iq/y 9 oo 6010 �MP (�'Iaih �rro�cr✓ �rrolu.r PC?u&� p wig / ► I Co Md mAo ' Uwe f / 76 pad MBH. 7. Y fER 1/60 "If ' 00) .25'0 �� br okers I cool; N' Coil 17,1 M8N 3�000 cfM If VAC RUawrg 121000 RT14 Cool;k� /q Poo 8714 //°of PICIS 71 irr.�er t/s �TdS( VO�r 51_.f fr pi,-,c r 15- � ofw/p U/af�r so�F�..✓ � Correlation and Conclusion Property Description: The subject property is located in the City of Brooklyn Center at 2050 Freeway Blvd., between Shingle Creek Parkway and Xerxes Avenue. The subject property is located in an area of hotels, restaurants and industrial businesses. The building was constructed in 1997. It has wood frame construction, asphalt shingles and wood siding. The structure is a four story building with a gross building area of 42,612 sq. ft. The structure includes 83 rooms, check-in area, hospitality room, breakfast/seating area, meeting room, indoor pool, exercise room, laundry, mechanicals and manager's office. Hospitality area includes vaulted ceilings and field stone gas fireplace. The pool area includes a vaulted ceiling, hot tub and sauna. The structure has a full fire protection sprinkler system. The wiring includes 2 line phones with data ports for the guest rooms. Twenty-four rooms include a balcony. The parking area is asphalt and striped for 96 cars. The restaurant appears to have the original decor, and has been maintained at the current standard for Americlnn hotels. The property appears to be in good condition and shows no deferred maintenance. Special Conditions: The subject property was purchased by the current owner July 5, 2006. Owner was contacted on November 1, 2006 to verify information listed on the Certificate of Real Estate Value. Owner stated that personal property amount listed was given by the seller but no documentation was provided to verify. An amount of$3,750 per room was used as a typical personal property amount for this age and size of hotel. There is no indication that personal property has been replaced in all units. There was no dollar figure broken out from the sale price to indicate a franchise or business fee. Upon appeal, Mr. Thomas provided an itemized detail of inventory for each room. However, this inventory includes items that are considered part of operation expense replacement, and not personal property. Mr. Thomas also provided a depreciation and amortization document from the 2006 income taxes for the Americlnn. This document did not identify what personal property was included and was overstated from what typical market would use for personal property. Mr. Thomas and I can not come to an agreement on the current value of the personal property. Mr. Thomas provided a table of area valuations of hotels for the board to review. However, this document does not state a market value year and contains errors in the 2007 estimated market values. A copy with corrections was included at the back of this report. The Cost Approach: When the subject property is older than five years the cost approach is not given significant weight in an appraisal. The subject property is thirty-five years old. While the cost approach was considered, it was not used in this instance. Personal property estimates for hotels of this class indicate $6,000 to $12,000 per unit cost when new. Personal property has an economic life of ten years. The Income Approach: The income approach reflects the market's expectations of a hotel's average daily rate and occupancy. It is based on a calculation of the revenue minus expenses, and the return on and of the personal property to arrive at a net operating income. The net operating income is divided by an overall cap rate, comprised of the current market cap rate and local effective tax rate to arrive at an indication of market value. The income used for the 2007 assessment is a calculation based from the reported lodging tax to the city. The 2006 lodging tax report indicated a 7% drop in lodging tax collected from 2005 to 2006. The current real estate market indicates a capitalization rate of 7%. The property is located in the Brooklyn Center School District and has an effective tax rate of 3.5%. Actual income and expense documentation was provided to the Assessor's office, however, due to data privacy the information is considered confidential and not included in this report. An income approach was calculated on the subject property using the 2006 income and expense data provided. A market driven pro-forma for a typical hotel of this class has been included for a market derived income approach of the property. Copies of all income data were made for the owner to distribute. The Market Approach: Sales of comparable hotels were considered in the market approach. Two comparable hotel sales were selected for comparison. The subject property sale of July, 2006 was used and the Country Inn and Suites sale in Brooklyn Center. The Country Inn and Suites sale was adjusted for the various differences from the subject property to find an adjusted sale price to use as a comparable for the subject property. Adjustments were made for time and size. Due to the lack of hotel sales of this class, market sale information was included at the back of the report for your review. Based on hotel market activity and a turn around in occupancy and rates, a time adjustment of 20% growth was used. All sales used were verified by the local Assessor's offices and are considered open market transactions. Correlation and Conclusion: My opinion of value is to sustain the estimated market value of$3,502,000 or$42,192 per room for the 2007 assessment for taxes payable in 2008. Americlnn Motel Suites 2050 Freeway Blvd. Brooklyn Center,MN PID#35-119-21-13-0021 Market Derived Income Approach -Not Actual Income and Expense Number of Rooms 83 Potential Room Nights 30,295 Market Daily Room Rate $80.00 Market Occupancy Rate 68.00% $1,648,048 Room Revenue 97.95% $1,648,048 Food&Beverage 2.00% $30,140 (Vending Machines,Coffee,Meetings) Other/Telephone Revenue 0.05% $700 Total Revenue 100.00% $1,678,888 Less-Cost of Sales Rooms 32.00% $537,244 Food&Beverage 2.00% $33,578 Other/Telephone 1.00% $16,789 Total Department Expenses 35.00% $587,611 -$587,611 Less Undistributed Expenses: Administrative&General 9.00% $151,100 Marketing 4.00% $67,156 Operations&Maintenance 7.00% $117,522 Energy 5.00% $83,944 Total Undistributed Expenses 25.00% $419,722 -$419,722 Less Insurance 1.50% $25,183 Reservers for Replacement 4.00% $67,156 Total Insurance&Reserves 5.50% $92,339 -$90,463 Less Business Calculation Management 5.00% $83,944 Franchise Fee 6.00% $100,733 Business Value Income Reduction 11.00% $184,678 -$168,849 Less FF&E Calculation Replacement Cost New $8,500 pei room $705,500 Life Expectancy of FF&E 10 Return of FF&E 4.20% -$70,550 Remaining Life(In Years)of FF&E 0 Annual Return on FF&E 10% Return on FF&E 0.00% $0 Net Operating Income $341,693 Capitalization Rate 7.00% Effective Tax Rate 3.50% Overall Cap Rate 10.50% Indiated 2007 Value by Income Approach $3,254,221 Indicated Value Per Room by Income Approach $39,200 Hotel Sales Market Analysis Midscale Class Hotels pa a iL a y¢ bJ s 1n Americlnn Motel & Americlnn Motel & Name: Suites Country Inn & Suites Suites 2050 Freeway Blvd. 2550 Freeway Blvd. 2050 freeway Blvd Address: Brooklyn Center Brooklyn Center Brooklyn Center Year of Construction: 1997 1997 1997 Condition: Good Good Good Total Number of Units: 83 84 83 Quality: Good Good Good Indoor Pool Indoor Pool Breakfast Amenities: Breakfast Area Suites Area ADR: $74.30 $98.00 $74.30 OCC: 55% 60% 55% Gross Building Area: 42612 47665 42,612 Avg. Unit Size (GBA/#of Units) 513 sq. ft. 567 sq,ft, 513 sq. ft. Land Area: 80,498 Sq. Ft. 227,252 80,498 Sale Date (Date of Deed): 11/1/2005 7/5/2006 Sale Price: 4,100,000 $4,000,000 Cash Equivalent: $4,100,000 $4,000,000 CE Price Per Sq. Ft.: $86.02 $93.87 CE Price Per Unit: $48,810 $48,193 Adjustments: Personal Prop. Per Unit Adj: $3,660 $3,750 CE Price/Unit for R.E.: $45,150 $44,443 Time Adjustment: 1.19 1.08 Location Adjustment: 1.00 1.00 Age/Condition Adjustment: 1.00 1.00 Quality Adjustment: 1.00 1.00 Size/Amenities Adjustment: 0.90 1.00 Total Adjustment% 1.09 1.08 Adjusted Price/Unit: A $49,213 $47,998 Market Indicated Value Per Unit: $48,000 PROPERTY USE:Hotel MUNICIPALITY:BROOKLYN CENTER CODE 332 RC 00 PROJECT NAME:Country Inn&Suites COUNTY: HENNEPIN GBA 47665 WD ADDRESS: 2550 Freeway Boulevard PIN#: 35-119-21-24-0008 Seq# 1 RATIO Y COMP Y AUDITOR ID: 913425 MULTIPLE PID:N COMMUNITY: NBRHOOD: PROPERTY DESCRIPTION MARKET DATA Year Built/Effective Year Built: 1997 1997 Buyer. HPTWN Properties Trust Const Quality/Condition: GOOD AVERAGE Seller: Cl&S Brooklyn Center L.L.C. Const Class/No.of Bldgs: `ND or steel Stud Frm 1 Sale Data: Date of Sale: 11/1/05 Exterior Type/Roof Type: Vinyl Gable Total Purchase Price: $4,100,000 2nd Exterior Type/Roof Cvr: Shingles/Composition Terms S Set 1 Assume Ind:N DN PMT-$4,100,000 I First Floor Area/GBA: 17,013 SF 47,665SF 2 Z Total Floor Area: SF E PMT- INT- PMTS- E Bldg Perim./Shape/No.Rms: Ft 84 BALLOON DATE- U Mezzanine Area/Use: SF Set 2 Assume Ind: S E Bsmt Area/%Fin/%: SF 0% 0%GBA PMT- INT- PMTS- . S Bsmt Use: BALLOON DATE- Bsmt Fin/%: SF 0%GBA First Floor Use: First Floor SF/W 17,013 SF 36%GBA Cash Equivalent Price: 5.9% $4,100,000 2nd+Floor Use: Cash Equivalent Adj: 2nd+Floor SF/W SF 0%GBA LESS:Personal Property: $307,500 Tot Off Area: SF 0%GBA PLUS:Special Assessments: Ind:Y $0 Cash Equivalent of Real Estate: $3,792,500 Primary Heating/Pct: Heat Pump 80 % Sale Price Per Sq.Ft.TFA: Secondary Heating/Pct: Forced Air 20 % Sale Analysis: Sale Price Per Sq.Ft.GBA: $79.57 Air Conditioning Pct: 100 % Sale Price Per Sq.Ft.NRA: Sprinklers/Elevators: 100 1 Sale Price Per Sq.Ft.Land Area: $16.69 Garage/Ramp Spaces: Sale Price Per Room: $45,149 Surface Parking Space: 161 Parking Surface Type: Asphalt Multiple Tenancy: N Income Data: PRIVATE DATA Bldg Ht/Avg Clear Ht: 10.0 FT 8.0 FT #Stories: 3.0 Avg.Finished Ceiling Ht: 8.0 FT Total Land Area/Topography: 227,252 SF level Useable Land Area: 227,252 Zoning/Land Def Cd: PUD/11 F Trackage/Utilities: N all Land BlgRatio/Excess Land: 4.77 to One N Rent Schedule: PRIVATE DATA Environmental Concern Ind: N Other Amenities: Summary Comments: Seller had an on going relationship with the buyer,who own numerous hotels and is a business affiliate. Buyer was closing a hotel and wanted to purchase another hotel. Personal Property is listed as$307,500. Attorney for Buyer will be contacting me regarding Appraisal.Attorney stated that hotel will continue as a Country Inn& Suites but the purchase amount did not include business or franchise fee. Page 2 e- � . PIN#:35-119-21-24-0008 Seq#:1 �Y x PROPERTY USE:Hotel MUNICIPALITY:BROOKLYN CENTER CODE 332 RC 00 { PROJECT NAME:Amedclnn COUNTY: HENNEPIN GBA 42612 WD ADDRESS: 2050 Freeway Boulevard PIN#: 35-119-21-13-0021 Seq# 1 RATIO Y COMP Y AUDITOR ID: 936149 MULTIPLE PID:N COMMUNITY: NBRHOOD: � . M. e PROPERTY DESCRIPTION MARKET DATA Year Built/Effective Year Built: 1997 1998 Buyer. THI Investments,L.L.C. Const Quality/Condition: GOOD GOOD Seller: Shingle Creek Hospitality Const Class/No.of Bldgs: Masonry Beadng Wail 1 Sale Data: Date of Sale: 7/5106 Exterior Type/Roof Type: Wood Gable Total Purchase Price: $4,000,000 2nd Exterior Type/Roof Cvr: Shingles/Composition Terms S Set 1 Assume Ind:N DN PMT-$600,000 I First Floor Area/GBA: 15,102 SF 42,612SF 3 $2,720,000 Z Total Floor Area: 42,612 SF PMT- INT- 6.99% PMTS 240 E BALLOON DATE- & Bldg Perim./Shape/No.Rms: 686 Ft Rectangle 83 U Mezzanine Area/Use: SF Set 2 Assume Ind:N DN PMT-$600,000 EBsmt Area/%Fin/%: SF 0% 0%GBA PMT- IN$6 8.05% PMTS-240 S Bsmt Use: BALLOON DATE- Bsmt Fin/%: SF 0%GBA First Floor Use: First Floor SF/%: 15,102 SF 35%GBA Cash Equivalent Price: 6.63% $4,000,000 2nd+Floor Use: Cash Equivalent Adj: 2nd+Floor SF/%: SF 0%GBA LESS:Personal Property: $311,250 Tot Off Area: SF 0%GBA PLUS:Special Assessments: Ind:Y $0 Cash Equivalent of Real Estate: $3,688,750 Primary Heating/Pct: Warmed&Cooled Air 90 % Sale Price Per Sq.Ft.TFA: $86.57 Secondary Heating/Pct: Forced Air 10 %, Sale Analysis: Sale Price Per Sq.Ft.GBA: $70.40. Air Conditioning Pct: 100 % Sale Price Per Sq.Ft.NRA: Sprinklers/Elevators: 100 2 Sale Price Per Sq.Ft.Land Area: $51.76 Garage/Ramp Spaces: Sale Price Per Room: $44,443 Surface Parking Space: 96 Parking Surface Type: Asphalt Multiple Tenancy: N Income Data: PRIVATE DATA Bldg Ht/Avg Clear Ht: 9.0 FT 8.0 FT #Stories: 4.0 Avg.Finished Ceiling Ht: 8.0 FT Total Land Area/Topography: 71,260 SF Level Useable Land Area: 71,260 Zoning/Land Def Cd: PUD/1-1 F Trackage/Utilities: N all public Land BlgRatio/Excess Land: 1.67 to One N Rent Schedule: PRIVATE DATA Environmental Concern Ind: N Other Amenities: Summary Comments: Buyer stated sale was announced/open market.Buyer verified that sale price was$4,000,000.Bank appraisal for financing was$4,000,000.Personal property was over stated on CRV as 1,000,000.Buyer stated figure was given to him by seller with no documentation.2004 appraisal documentation on hotel indicates personal property of$311,250.Personal property was corrected to indicate age/condition.PP at$3,750 per rm.Buyer stated that he put$600,000 down.The property includes pool,hot tub,sauna,breakfast area,conference rooms,exercise room,and large lobby and hospitality room w/fieldstone gas fireplace.Balconies are included with some rooms.The property includes two elevators.Buyer owned a Best Western previously.The Hotel will remain as an Americlnn. u Page 2 PIN#:35-119-21-13-0021 Seq#:1 y HOTELS/MOTELS Brooklyn Center, Minnesota 2007 Unit # LOCATION AREAS L:B Ratio 2007 EMV Values[n 1 Americinn - Land 74,070 1.74 Land $600,000 $8.10 1/1 2060 Freeway Blvd GBA 42,612 Building $2,902,000 $68.10 [Q 35-119-21-13-0021 Rooms 83 Total $3,502,000 $82.18 [1J Age 1998 Change 25.6% $42,193 Rm Sold 712006$4,000,000 Sale CE$3,688,750 2 Days Inn Land 297,182 2.46 Land $2,3T5,000 $7.99 in 1601 Freeway Boulevard GBA 120,856 Building $1,515,000 $12.54 1/1 35-119-2141.0003 Rooms 220 Total $3,890,000 $32.19 1/1 Age 1971 Change 2.4% $17,682 Rm Sold 412005$4,500,000 Sale CE$4,000,000 Sale 512002$3,500,000 Sale 312001$2,260,000 3 Supers Land 105,813 2.88 Land $868,000 $8.20 [q 6445 James Circle GBA 36,696 Building $1,891,000 $51.63 [q 35-119-21-02-0006 Rooms 102 $2,769,000 $75.19 14 Age 1980 Change 0.7% $27,049 Rm 4 Baymont Inn Land 89,882 2.32 Land $720,000 $8.01 [q 6415 James Circle North G13A 38,700 Building $1,086,000 $28.06 [/J 36-119-21-42-0011 Rooms 92 Total 51,8061000 $46.67 In Age 1980 Change -7.9% $19,630 Rm Sold 9104$1,666,170 Sale CE$1,700,000 Sold 12/29/06$1,800,000 Bank Appraisal$2,300,000 5 Comfort Inn Land 47,781 Land $400,000 $8.38 [/J 1600 James Circle North GBA 27,504 Building $1,372,000 . $49.88 [Q 35-119-21-41.0015 Rooms 60 Total $1,772,000 $64.43 [q Age 1995 Change 16.0% $29,533 Rm 6 Crowns Plaza Land 264,660 2.15 Land $2,000,000 $7.56 [/] 2200 Freeway Blvd GBA 123,069 Building $3,940,000 $32.01 [q 35-119-21-13-0012 Rooms 176 Total $6,940,000 $48.27 14 Don Erickson 666-8000 Age 1985 Change 33.4% $33,750 Rm i Sold 1012004$5,050,000 7 Country Inn Land 227,252 7.64 Land $1,820,000 $8.01 1/1 2550 Freeway Blvd. GBA 29,736 Building $1,921,500 $64.62 in 36-119-21-24-0008 Rooms 86 Total $3,741,500 $125.82 in Ray Assemi 661-0900 Age 1997 Change 3.8% $44,018 Rm Sold 1112005$4,100,000 CE Sale$3,792,500 8 Motel Land 100,000 2.41 Land $800,000 $8.00 2741 Freeway Blvd GBA 41412 Building $2,908,600 $70.23 [I] 35-119-21-23-0087 Rooms 127 Total $3,708,500 $89.55 V] Age 2000 Change 9.60% $29,201 Rm Lw U.-AA. 9 Extended Stay America Land 116,913 2.57 Land $935,000 $8.00 L.W 2701 Freeway Blvd GBA 45,450 Building $2,827,000 $62.20 [Q 36-119-21-23-0088 Rooms 104 Total $3,762,000 $82.77 [!j Age 1999 Change 14.0% $36,173 Rm Usable Land Is: 87,077 Usable land is 7.91 per(/] Un-useable 1.75(Q 10 Inn on the Farm Land 40,000 2.59 Land $275,000 $6.88 [/J $150 Summit Drive GBA 15,439 Building $90,000 $5.83 [1] 35-119-21-4440009 Rooms 10 Total $365,000 $23.64 [/1 Age Change 0.0% $36,600 Rm Only rented as companion to hall/wedding rental TOTALS 1,363,533 Land $10,793,000 $7.92 In and 621,474 Building $20,463,000 $39.22 [q AVERAGES #Rms 1,069 Total $31,246,000 $69.92 (/J Change 11.9% $29,506 Rm c�mmso�mzawa�m.rpam 4/172007 Hennepin County Hotel Sales 10/05 through 09/06 by Hotel Class �.\ ��e •.'. ��s \��`\.; � \? \ iii f s ufei� mac ?,^`• ,.0 YS. F,.. i id ass \ t.Cless \ -Mi to Americlnn Motel& Americlnn Motel& Name: Suites Country Inn&Suites Suites Days Inn Baymont Microtel 2050 Freeway Blvd. 2550 Freeway Blvd. 2050 Freeway Blvd 7851 Normandale Blvd 6415 James Cir. N. 801 East 78th St. Address: Brooklyn Center Brooklyn Center Brooklyn Center Bloomington Brooklyn Center Bloomington Year of Construction: 1997 1997 1997 1963 1980 1999 Condition: Good Good Good Fair Average Average Total Number of Units: 83 84 83 144 92 75 Quality: Good Good Good Fair Average Average Indoor Pool Indoor Pool Breakfast Amenities: Breakfast Area Suites Area Indoor Pool Breakfast Area No Common Area Gross Building Area: 42,612 47,665 42,612 69,201 38,700 30,184 Avg.Unit Size(GBA/#of Units) 513 sq.ft. 567 sq,ft, 513 sq.ft. 481 sq.ft. 420 sq.ft. 192 sq.ft./288 sq.ft. Land Area: 80,498 Sq. Ft. 227,252 80,498 175,146 91,770 56,822 Sale Date(Date of Deed): 11/1/2005 7/5/2006 5/4/2006 12/29/2005 5/17/2006 Sale Price: $4,100,000 $4,000,000 $4,000,000 $1,800,000 $3,400,000 Cash Equivalent: $4,100,000 $4,000,000 $4,000,000 $1,800,000 $3,400,000 CE Price Per Unit: $48,810 $48,193 $27,778 $19,565 $45,333 Adjustments: I Personal Prop.Per Unit Adj: $3,660 $3,750 $2,500 $1,086 $2,530 CE Price/Unit for R.E.: $45,150 $44,443 $25,278 $18,479 $42,803 All sale Information in this report was listed on the Certificate of Real Estate Value at closing and was verified by the appropriate Assessor's office for inclusion in the MN Dept.of Revenue ratio sale study. All information was verified by either the buyer,seller or a representative. Principal Real Estate Investors Real Estate Research Corporation Torto Wheaton Research Expectations&Market Realities 2007 in Real Estate Co in Full 9 ircle , Ci r_-Hotel fundamentals . stayed the course of 1 during the first half of 00• and a 1 1 has taken over •.rs, hotels,have come 1 1 aftermath of terrorist attacks, r key factors that Iri rt hotel demand growth 1 • 1 1 wealth and corporate profits beginning to slow, 1 1 show signs of 1 suggesting demand for both the limited-service 1 1 1 1 1 1 1 While • 1 1 1 1 , 1 1 . 1 ' on omdsow. h 1 ' are 1 •. therefore economy 1 corporate financial 1 1 1 continue li k 1 keep the business segment of 1 demand healthy. j $�'F`+• 5�1,'.a.. Although household financial health is rea- sonably strong (see Exhibit 9-1), factors which could adversely impact leisure travel, , , .. ,6 ::cl , r;. aside from ever-present terrorism event risks, include a slowdown in consumer 100°x° 25% discretionary spending, still-volatile energy prices,and a weakening housing market, re- 80% 20% suiting in the increasing.inability to extract 60% 15% home wealth to support household spend- ing on travel. So far, these factors have not - 40% Ino had a material impact on leisure travel in the 20% 5% U.S., but households that are beginning to 0% 0% reduce overall consumption levels eventually will likely do the same with their leisure and 20°r° M Corporate Profits -5% travel expenditures. Whether this reduction — -40% ' Household Wealth -10°h is targeted toward trips of shorter duration -so°i° or closer destinations, a re-adjustment of 15% 1 ,Q�� Q,�� 1�1��1 1o��,w �01�,� �4,voo° �ovoo` ,v�ti oo'� ,4�� 1o��h � household discretionary spending patterns could adversely impact limited-service hotel demand and slow the continued recovery of r t •rr r 'r' r r t ' ��' that sector of the hotel industry. fected, likely because consumer confidence into 2007, the leisure segment of the ho- remained high and consumers had a source tel industry should benefit if recent energy According to a study performed by the Travel of increased spending firepower in the form price declines can be sustained. Industry Association of America (TIA), auto of home equity extraction. Thus far in 2006, travel comprises approximately 88 percent gasoline prices have been quite volatile, but A recent survey by TIA offers a glimpse into of_leisure travel. Last year, travelers were their recent decline may help offset the im- the possible impact of gasoline prices on faced with steep increases in gasoline pric- pact of a rapidly softening housing market. consumer attitudes toward leisure travel. es but leisure travel was not negatively af- Despite a projected economic slowdown About 31 percent of respondents said that Hotels i Coming Full Circle they are looking for more 'economical des- tinations" for their leisure travel, and 22 percent claimed that they would shorten their trip. Of those who said that they will be traveling less or not at all over the sum- ,00000 o Occupa�wyea,e 72% mer months, 26 percent said it was due to 80000 : Change� inSupa u 70% high gasoline prices vs. 18 percent in the prior year's survey. In addition, 24 percent s0000 580' of respondents (compared to 17 percent in 40000 the prior year's survey)stated that concern 66% over their personal finances would cause z00000 ® ' — d. 640 I them to travel less or not at all. Based on szga these responses, it appears that in an envi- -20000 ronment of higher interest rates, a slowing -40000 60% housing market, and a slowing economy, 58% the price of gasoline is becoming a more s0000 important factor influencing consumer -80000 56% confidence and behavior. zoos 2002 2003 2004 2005 zoos zoos zoos zoos zoio zo++ On the flip side, business travel demand Hotel Demand Fundamentals is expected to forge ahead, as business spending and investment activity contin- The hotel sector has turned in an ex- ues to expand. Although there are certainly tremel strong performance over the 9 Y Y a function of both signs that the economy is slowing, the job past several qua rters market remains reasonably strong and strong demand growth and minimal new wages continue to rise, so business travel supply coming on line. That said, demand ha t why;w. should remain healthy, at least in the short growth in second quarter 2006 slowed, term, with cities with strong convention increasing by only 1.7 percent year over -`-� center traffic particularly likely to benefit. year(compared to the previous 8 quarters when the average demand growth was 4.3 Hurricane Katrina's effect on hotel markets percent). Despite a slowing trajectory of in several cities in the South has, for the demand growth due to the recovery near t most part, dissipated. After several quar- ing completion, hotel demand is expected ters of inflated hotel occupancy in Hous- to stay positive over the next several quar ton,-;Dallas, Fort Worth,Atlanta,Austin,and ters,as the economy continues to expand. r,. ► Memphis, occupancy rates are returning to Leisure travel may soften due to house historical norms now that the majority of holds reducing discretionary spending, evacuees have found permanent housing. but strong business travel should offset these negative effects, allowing the hotel Nationally, the hotel recovery is expected sector to remain healthy. to lose a bit of momentum after 2006, as depicted in Exhibit 9-2. The trajectory of Hotel supply, while inching up, still re i occupancy rate increases will begin to de- mains low, with the, most current quar- celerate following strong increases over the ter recording only 0.2 percent growth in past 3 years, but growth in average daily construction compared to last year. New rates (ADRs)nevertheless likely will exceed supply remains constrained, partially due inflation growth over the next few years. to high construction costs, but as hotel Revenue per available room (RevPAR) also earnings growth begins to catch up with will continue to grow, but not at the double- growth in construction costs. there likely digit pace of the past several quarters. will be a cyclical surge in supply, starting Principal Real Estate Investor., Real Estate Research Corporation . Torto Wheaton Research Expectations &Market Realities Aq in Real Estate with a projected wave in deliveries in 2009 and beyond. :a For now, however, occupancy in the hotel sector continues to climb, and is almost at peak levels. As of mid-2006, occupancy f rates for the full-service and the limited- service sectors reached 73.7 percent and 68.1 percent, respectively. As demand growth slows and new supply growth picks up momentum, however, the rate of increase in occupancy is expected to de- cline, as depicted in Exhibit 9-3. In fact, :':'•; r .- a deceleration in the growth of occupancy rates in the full-service sector is already underway, with second quarter 2006 oc- cupancy up by less than 1 percent over the _ "3 prior year's rates. As capacity constraints }"' ��° '�"" .5 �,ri are reached and hoteliers attempt to push ADRs, occupancy rate increases will not only slow, but will begin to decline in 2009 Investment Performance taken in 2001. The current 8.7-percent in- as new supply comes on line. come return for hotels also is the highest According to the NCREIF Property In of the five NCREIF property types, sug- ADRs have been rising steadily during the dex, hotels were the performance leaders gesting that hotels may have slight room hotel recovery.With demand continuing to among all property types for the first half for further cap rate compression and thus increase and supply growth staying low, of 2006, with total returns of 10.4 per- potential for additional appreciation. Hotel growth in hotel owner pricing power in cent year-to-date and 20.8 percent over appreciation has been particularly strong both the full-service and limited-service the trailing 1-year period. Hotels are in over the past 18 months, attributable in sectors has been robust over the past sev- the midst of their third consecutive year part to the capital markets'ongoing search 4 eral months. Average room rates in both of double-digit total returns, confirming for alpha,which has caused attention to be the full-service and the limited-service their strong comeback from the battering turned to hotels, thus bidding up prices. sectors have increased almost 10 percent compared to prior year rates. A combination of strong occupancy lev- els and soaring room rates has propelled $140 72go RevPAR growth at a double-digit pace for o occupancy Rate the past several quarters. Second quarter RevPAR 70% $120 AOR 2006 was no exception, with RevPAR in the full-service sector growing by 10.7 $100 68% percent over the past year. RevPAR was 66% even stronger in the limited-service sec- $80 tor, increasing by 11.7 percent. However, 64% because ADR growth typically lags a few $so 62% • quarters behind. occupancy growth, ADR $ao should continue to grow at a healthy pace 60% even as occupancy growth slows and -1 $20 f: 1 58% thus provide some underlying support for RevPAR growth for the foreseeable $o Ss�e future. 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 r Hotels i Coming Full Circle Torto Wheaton Research forecasts that the average unleveraged total returns for full- service and limited-service hotels will be 8 percent and 9.5 percent, respectively, over a 5-year time horizon. Although clearly 900 _ lower than recent returns, this level of ho 800 Avg s(steetl � spprele ad tel total returns is likely to be equal to or 700 higher than the returns for the other major r0 P ert property types. 600 500 Robust Transaction Activity 400 Transaction volume for hotels continues 300 to increase as investors turn to hotels in 200 search of higher returns. According to data from Real Capital Analytics, total hotel too sales activity through mid-2006 was $20.3 o ti , , h ° ti , a h ,a� 1a� r .�' �4a 10a �a°�� X10 ,�a �4 o-° cP oP � o° e o0 0° o° billion,_an increase of 59 percent over the �o ,o o ,so ,yoti,�o`v ao`v,�o`v noti Doti IQ",,�oti,yoti same period in 2005. A significant portion r ' ��, of this sales activity has been the result of the privatization of publicly-traded ho- As shown in Exhibit 9-4; risk-adjusted re- Treasury rates, the spread of implied ho- tel REITs and real estate o eratin P 9 com- turns in the hotel sector r ha e been on the tel ca rates over Treasurys has narrowed P Y panies. Disaggregated by service sector, rise over the past several quarters,although slightly, but at around 350 basis points, is full service hotels continue to represent they continue to trail risk-adjusted returns still much wider than the spread for the the majority of total volume ($15.2 billion of the overall NCREIF Property Index. other primary property types (as shown for full-service hotels vs. $5.1 billion for in Exhibit 9-5). As such, hotel cap rate the limited-service sector), but the limited Based on sales transactions data over- are maintaining a reasonable level service hotel sector's share of transaction all hotel cap rates have declined over the relative to historical standards, and are an- activity has increased over the past year,as past year, but based on NCREIF implied other reason why significant investor capi- investors have been attracted by higher cap cap rates, they have stayed fairly flat. As a tal is flowing towards the hotel sector. rates available on limited-service hotels. result of moderate increases in long-term As shown in Exhibit 9-6, hotel investment performance has clearly trailed the over- all real estate market, but has significantly closed the gap over the past year. In addi- 400 tion, while investment P erformance in the 300 ■Hotel Risk-Adjusted Returns Relative to Overall NPI Risk-Adjusted Returns overall real estate market appears to have 200 reached its cyclical peak and is trailing 100 downward, hotel investment performance o has begun to level off but has not yet start- -goo ed to cycle downwards. -200 Risks and Opportunities -300 -400 Hotels are generally well-positioned to build 500 upon their recently achieved status as top 600,°�, �� °, °� °° 1 a h total return performer among the primary �o no 'A":01 so�� c co" o o` o�` o'`��o`°�o`�° ov°�ovIs, °p v° °° Property types. That is partially because despite very strong recent net appreciation- of more than 11 percent over the trailing 12 months and 6 percent through mid-2006, _•2006 Principal Real Estate Investors,Real Estate Research Corporation,Tor'�wheaton Research.All Rink... Principal Real Estate Investors i e Real Estate Research Corporation 'i Expectations&Market Realities in Real Estate �O hotel values per NCREIF data are still about 3 percent below where they were at the be- ' ginning of 2000. A combination of higher cap rates relative 3.0 to other property types, as well as a favor- 2.5 d Markel able outlook for continued near-term im- r AN Pr ouerty iypes provement in fundamentals, should make 0- Hole hotels attractive to the weight of capital z o that is expanding beyond the other primary 1.5 property types in search'of higher returns. Those higher returns could also be facilitat- 1.0 ed by additional cap rate compression and increasingly aggressive hotel lenders. 0.5 Nevertheless, despite the favorable out- 0.0 look, hotels continue to exhibit above-aver- -0.5 age return volatility. Given ongoing terror- , 1 ist threats that have made air travel more ,o °o, '01� ro, "o, e.°� vti� oti�1 ov`�� ti ti� tie challenging, slowing consumer spending, ' , '° ' ti° ,oti ,oti energy prices that (while moderating) re- main volatile and thus could reduce some discretionary travel, and the likelihood of additional hotel supply, investors' ability to achieve consistently strong risk-adjusted returns in hotels will require careful inves- tor navigation. The good news is that as the F ' hotel sector marks the 5-year anniversary ,M» of the tragic events of 9111, the road to re- „ r covert' is almost complete and the outlook is more stable than it has been tar quite some time. ,L l Corrections to information provided by Mr. Thomas Name of Hotel #of Rooms Market Value Market Value Per Room Comfort Inn 60 $1,772,000 $29,533 Rogers Americlnn 61 $1,221,000 $20,016. Brooklyn Center Americlnn 83 $3,502,000 $42,193 Baymont Inn 74 $1,806,000 $24,405 Richfield Americlnn 56 $2,121,000 $37,875 Dear Nancy: This letter is to clarify some of the property valuation concerns that I feel are significant in determining the Americinn Brooklyn Center market valuation If purchase price is being used to value the roe leas property,rty, p e understand that when purchasing the r P g o e p p rty, increased the amount I was willing t o a for the r 9 pay pope on the assumption that I could increase sales revenue, but have not realized these anticipated projections as one of the most difficult challenges to overcome is the continued closing of restaurants in the Brooklyn Center neighberhood. The Olive Garden, Cracker Barrel. Coyote Grill, and now the scheduled closing of TGI Fridays is making it difficult to attract guests as the eating establishment options near the hotel are quite limited or nonexistent and guests are declining to make reservations with us as a result. Please see the enclosed pictures as I feel that the existence of businesses that are shut down area negative factor affecting our property value. The purchase price of$4,000,000 is composed of$643,000 attributed to personal property (please see the physical inventory and valuation I sent) and $350,000 attributed to the going concern value and franchise affiliation, i.e. an Americinn Hotel has more value as a brand than say a Liv-In or other single unit brand and I was willing to pay a premium for the brand affiliation. There were existing accounts doing business with the hotel and that segment of the purchase price can be attributed to its value as a going concern, I can give you a list of the accounts and their dollar value in annual sales that were existing at the time of purchase if you feel it is appropriate. Please also see the comparison of the Americinn Brooklyn Center property value as compared to other similar hotels in our market area/county. The proposed increase would skew us substantially and put us at a pronounced disadvantage and out of snyc with those properties in our market area/county and would not provide a true valuation based on equality and uniformity. Please also find enclosed the income statement for year ending 2006. As we were a startup company in 2006 the owners invested % equity along with working capital and other start up expenses that aren't reflected in the income statement, however the ownership LLC is requiring as is reasonable for an investment of this nature a % return on invested capital which will be an expense in p 2007. This amounts to $ _ that will be paid as a reasonable return on investment consistent with other hotel investments of this type. The 2006 statement does not contain a management fee as is customary in operating the hotel and a management fee of$ will be also assessed the hotel in 2007 again as is consistent with a hotel of this standard. When valuing the hotel using a 10% cap rate on NOI of$ _ this results in a valuation of $3,336,000, less personal property value of$643,000 = $2,693,000. As a result of these factors, I believe the current hotel property valuation of $2,705,999 is fairly accurate and in increase in valuation would not accurate) reflect current market. y e ect the hotels value m the Ralph Thomas Owner/Operator Americinn Brooklyn Center Confidential data has been removed from this document. 1 Restaurants that are closed nearby �s �-y 4 s: R Olive ( ardcn Site 'racer Barrel Site jAe f�. I N s ' I' Coyote C rill Site Note.- This is directly across from the Americinn AREA PROPERTY VALUATIONS I Name of Hotel #of rooms Market value Taxes Paid Market Value/Room Taxes Paid/Room Comfort Inn 60 $1,527,000 $53,696 $25,450.00 $894.93 Rogers Americinn 61 $1,180,000 $39,552 $19,344.26 $648.39 Americinn Brookly Center 83 $3,502,000 $126,000 $42,192.77 $1,518.07 Ba mont Inn 74 $1,960,000 $69,017 $26,486.49 $932.66 Richfield Americinn 56 $1,926,000 I $53,245 $34,392.86 $950.80 it Review of 5949 Xerxes Avenue N. PID#03-118-21-11-0111 For Rosita Acosta 2007 Board of Appeal and Equalization SAWN Y � - i 1 r '7r ! r:• City of Brooklyn Center A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Ms. Rosita Acosta 5949 Xerxes Ave N. Brooklyn Center, MN 55430 Ms. Acosta contacted our office regarding the 2007 valuation notice on April 12, 2007. Her concern was the 2007 estimated market value of$181,400 on her property located at 5949 Xerxes Ave N., Brooklyn Center. Ms. Acosta felt that the 2007 estimated market value was excessive, and that homes were not selling for these values. Ms. Acosta was not able to schedule an appointment for a review that week so an appeal application was mailed to her on April 12, 2007. She completed the application for appeal and turned it into the city on April 13, 2007. Ms. Acosta was told she would be added to the agenda. We were unable to schedule an appointment with Ms. Acosta prior to preparing the Local Board packets. Ms. Acosta was told that the Local Board of Appeal and Equalization would request an interior review. Ms. Acosta did not provide any market information with the appeal application. Ms. Acosta purchased the property on May 15, 2006 for$182,371, with no points or personal property included in the sale price. The property was listed on MLS and is considered an open market transaction. A listing of rambler sales from October, 2005 through March, 2007, with 900 to 1,000 sq. ft., indicates a median sale price of$196,500. This sale listing has been included as reference material. Ms. Acosta's property was reviewed in the 2005 quintile for the 2006 assessment. An appointment was made for 5/17/2005 but the owner did not show up. The exterior inspection indicated an egress window, and verified no garage. The assumed value included value for the egress window and an increase in the basement percent finished from 25% to 75% as a typical home finish would have a family room and bedroom. An interior review of the home will be necessary for the appeal to continue. Respectfully, Nancy Woj ik, SAMA City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall & TDD Number (763) 569-3300 FAX(763) 569-3434 FAX(763) 569-3494 tvwu,.citYofbrooklyncen ter.org Report Name: Taxpayer Inquiry City of Brooklyn Center Printed:4/25/2007 Taxpayer Inquiry Page: I Display PID House Nbr Street Name 111ft Zip o +L4,� 03-118-21-11-0111 5949 Xerxes Ave N 55430 Last Name First Name MI Owner Taxpayer Resident Hanson Joel Y Y N Acosta Rosita Y Y N Frontage Left Side Rear Side Right Side Eff.Width Eff.DeDth Property Area Acreage Z nin P/S Exempt Code School Dist Watershed Yr Built 0 0 0 0 78 135 10,530 0.00 RI 0281 14 1955 Year Ver # ubs Land Value Bldg Value Mach Value Tot Mkt Value Tax Cao Hmstd Midvr Rel H P/T %Own P/C 2007 1 1 57,800 123,600 0 18I,400 1,814 N N N R 0 N 2006 1 1 56,300 122,900 0 179,200 1,696 N N N R 0 N 2005 1 1 51,300 100,500 0 151,800 1,475 N N N R 0 N Lot: 001 Block: 009 Addition: Hipp's 3rd Addition I li LOGIS Property Ddta,System City of 13rooktyn Center -Files M Property ID House# game Unit 1 1 Photo(s)on file ----- Today='s Mate:Ali-sr2OO7 r 1 Sketch(es)on file Release 1,0106 0311$21.11.0111 � � Address: s949 .__.-_._._.. Assessor Comments on file Logged on user:h�VVOJCIK � �` °'._...".�'._�...® �,,._..,..._ tAssessina-N anc�Woicik(PO Sine PH) 1 Parcel Sew 2 Clear 3 Pont 4 View PWOS Parcel Status:ACTIVE __ Parcel Administration Parcel Information Assessor Comments Sage [` Oear X i!elete 0 Phew'Sub TCH L(r+Y Trial Market Vak res I " Parcel Divisioninr� Temporary PID Updat AssessmentYeac '', 2007 Version: IT-8 C ram ® NewA Year'07 Project Update Assessor Inquiry T axpayer I nquir ti y PID: 0311E 21 11 0111 Subrecord: f1 of 1 Prop Type: Last ApprYear: - aluesAdministration _.._"-.. Values Information Prim/Sec CD: v P/S PID: l _�_________• Coap CD: — V Coop PID: Hennepin County Trar Homestead Update Exempt 1 Deferred Information Mitcalwwus Information Homestead Information Homestead Rollover Code: � v ; W Notice Sent F Partial Const F Wrist CD Pct Owner. last Appraised Year L ! F LMV Update Type: v: r Ag Use r EMV Mid Year Hmst Hmst Rtn: SSN Future to Current Year: � � 10 Acre ` Contig Irai Rel Hmst Hmst FTP: ` N Tax Capacities Updata TOH Update 320 Acre F Hmst CRV Filed IF Proj Nbc Value Notice File District: " Neighborhood: -- c f- � Sales Administration l Min Assess +- I Property Characteristics Market Values 23-Vakie History Records Land Land: 57, 10 lmpro;eAmt: I Yew 9 Van i d Land Bldg Total Mkt Irnp.Amt. Residential 1 57 800 123,600 181,400 0 Commercial/Industria Bldg: 123.600 LMV: Multi-Family '20th 1 1 56,300 122,900 179200 0 E y Mach: Tt1H: �� ._ Field Card Print � � 2UI 1 1 51,300 100500 151,800 0 + CbMA Total 181,400 Taxable Mkt: 181,404 2004 � 1 � 1 41.3001 102,000; 149 0 + _J Special Assessments: 2003 ; 1 1 � 31.300, 100 6W 1 131,9001 0 " Reports and Inquiries Tax Capacity 2002 1 1 27500 94,111 122,11 0 _n..._ ► System Reports-Prod 2001 1 1 " 27MO 76 3C�1� 1�,3�1 t 0 Do Not Calc Tax Capacity Tax Capacity: 1.314 System Reports-Asst 2000 1 1_. _. 23.300 s 700 90,000'j 0 ► Local R _ �. ..__.� ��.- �..__,�,. ,�.. sports 1999 1 1 22,[I>=lo 56,700` 78,700: 0 Ad-Hoc Query i„� m. 1998 , 1 1 22,000 49,Otli; 710001 0 LO61S Map _. 1='11t4r Prrrnprty +rrrsm r 1997 1 1".t 21.000 47.000 68, .,,:,. 0 City of Brooklyn Center PID: 03-118-21-11-0111 Property Type: R-Residential Residential Field Card Property Address: 5949 Xerxes Ave N Zoning: RI Printed: 4/25/2007 Lot/Block: 001/009 Dwelling Type: Single Family Assessment Year: 2007 Addition: Hipp's 3rd Addition Owner(s): Joel Hanson Version: 1 District: Model: Neighborhood: 0053 Rosita Acosta Land Itereor( Pool 1st Baths(#/Quality) 34,0111" t Total Rooms Dimensions Zoning: R1 Partial Const(%): Pool 1 Area: Spa: / Interior. Length Width Sg Ft Area Rating: Very Good Model: Quality: Dlx: / Trim: Bedrooms: 3 40 24 960 Site Rating: Good Dwelling Type Single Family Pool 2 Area: Full: 1 / Average Floor. Baths: 2 1 16 16 Land Quality: Adjacent Property. Negative Quality: 3/4: / Avg.Clear.Height: Family: 1 0 0 0 Contamination: View: Equal 1/2; / #of Fireplaces: Living: 1 0 0 0 Flood Plain Ma Ref: Arch./Appeal:eal: Avera a Amenities g P PP g lst Room Count Fplc.Quality: Dining: 0 0 0 0 PUD Ref: Quality: B07 Bedrooms: 3 3rd Baths(#/Quality) Kitchen: 1 0 0 0 Allowable Units Shape: Square Baths: 1 Spa. / Other: 0 0 0 0 Excess Land(SgFt): Style: One Level(Rambler Family: Dlx: / Total: 6 Zoning Variance: N Construction: Wood Frame Living I Full: / Frontage: Exterior Walls Wood Left Side: Exterior Trim: Brick Basement Dining: 3/4: / LastatI Kitchen: 1 1/2: / � ..F__ . ! , 0aji Rear Side: Roof Type: Hip Area(SgFt): 976 Other: Date: 05/15/2006 Right Side: Roof Cover. Shingles Type: Regular Total Rooms: 5 3rd Room Count Price: $182,371 Effective Width: 78 Window Type 1: Double Hung Finished(%): 75 Bedrooms: Code: 00 Effective Depth: 135 Window Type2: Quality: Average r ON, Baths: Desc: Good Sale Effective Water. 0 Air Conditioning: Yes #of Fireplaces: Interior. Other. y 3' Property Area(SgFt): 10,530 Dormer Length Fplc.Quality: Trim: Total Rooms: btu Acreage: Dormer uali ty. Avg.Clear.Height: Floor I R, Appraiser ID: 21 Park: #Patio Doors Elec.Svc: Standard Avg.Clear.Height: = ram Appraisal Date: 05/11/2005 Park Quality: E r ,. Htg.Svc: Forced air,gas fired #of Fireplaces: Res.Cond: Average Reason: Quintile Review m Fplc.Quality: Int Layout Standard Result Refused On Lake: _�:.. W.O.Type: P Q tY Lake Quality. Garage#1 W.O.Quality: Manual Assess: N Q h 2nd Baths(#/Quality) On River: Placement Actual Age: 1955 River Quality. #of Cars: Spa / Effective Age: 1985 Landscape Quality: Average Floor Area Basement Baths(#/Qual.) Dlx: / Renovated Age Appraiser ID Condition: Full: / Functional%: Spa: / 3/4: / ° Appraisal Date: Attributes Exterior Walls Dlx: / Economic/o: Garage#2 Full: / 1/2: / Building Areas Reason: Placement 3/4: 1 / Average 2nd Room Count g Unfin. 1st GBA: #of Cars: 1/2: / Bedrooms: Unfin.2nd GBA: Result: Gas Floor Area Basement Room Count Baths: Unfin.3rd GBA: Condition: Bedrooms: Other: Unfin.GBA: Left Tag Yes/No Exterior Walls Total Rooms: Paved Street Baths: 1 1st Floor Area 976 rrr ,, , Sewer Available Porch Family: 1 2nd Floor Area Fl � .. >? Glazed Area Kitchen: 3rd Floor Area Value: 500 Water Available Quality: Other: Total GBA: 976 Desc: EGRESS Screened Area Total Rooms: 1 Quality: Comments Influences Open Area: Kitchen Rating: Standard NO RESPONSE SIGNS OF DEE MAINT.AROUND WINDOWS/ORIG WITH NO WRAP. ASSUMED Thru Street Quality: Interior. Sheetrock 12101. NO GARAGE. F=EGRESS. ORIG EXTERIOR 06ASMT/ASSUME-OWNER CALLED FOR APPT Patio Trim: Hardwood BUT REFUSED ENTRY WHEN APPRAISER ARRIVED FOR SCHEDULED APPT PIT BULLS. BSMT FIN Patio 1 Area: Floor. Wood &BATH ASSUMED 06ASMT BASED ON EGRESS WINDOW. Quality: Avg.Clear.Height: Patio 2 Area: #of Fireplaces: Quality: Fplc.Quality: Deck Deck 1 Area: Quality: Deck 2 Area: Quality: City of Brooklyn Center PID: 03-118-21-11-0111 Property Type: R-Residential Residential Field Card Property Address: 5949 Xerxes Ave N Zoning: R1 Printed: 4/25/2007 Lot/Block: 001/009 Dwelling Type: Single Family Assessment Year: 2007 Addition: Hipp's 3rd Addition Owner(s): Joel Hanson Version: 1 District: Rosita Acosta Model: Neighborhood: 0053 no garage 24' 16 Ij: First Floor CN 976' w" 40' 1 16' Basement rd 978' 40' I I Sketch by Apex IV- AuditorGSe°nly MINNESOTA- REVENUE PE20 Certificate of Real Estate Value Names of buyers(last,first,MI) Address ;�7 Daytime phone ter. j CJ Names of sellers(1a51.first,MI) New address Daytime phone .-9 ! /�° / �. �%-; �E✓ 'fir• Street address or rural route of property purchased City or township County it f� i'l' �� ..'-%i , •.�'j<; /� E ,/`-:iF'r /� r-� /� 1.Date of deed or contract Legal description of property purchased(lot,bloclr;nd plat)or attach 3 copies of the legal description e7 ��/� �. Financial arrangements /. "L/ 2.Total purchase price Was personal property included in purchase price(e.g.,furniture,inventory,equipment)? [:]Yes gNo If yes,list property and $ 3.Down payment current(not replacement)value at right,and enter $ total in Box 5 below.Use back of form if needed. $ 4.Points or prepaid Interest paid by seller 5.Current value of_Darsonal property $ $ 6. Type of acquisition (check all that apply) I ❑Buyer and seller are relatives or related businesses ❑Contract paid off or resold ❑Property received in trade ❑Buyer or seller is religious or charitable organization ❑Name added or removed from deed ❑Purchase agreement signed over two years ago ❑Buyer or seller is unit of government ❑Property condemned or foreclosed upon ❑Buyer purchased partial interest only ❑Property received as gift or inheritance 7. Type of property transferred (check all that apply) ❑Land only nd and buildings ❑Construction of new building after Jan. 1 of year of sale 8. Planned use of property (check one), Eesidential: single family ❑Agricultural. Number of acres: (attach Schedule PE20A). ❑Residential: duplex,triplex ❑Apartment(residential,four or more units). Number of units: (attach Schedule PE20A). ❑Cabin or recreational (noncommercial) ❑Commercial-industrial.Type of business: (attach Schedule PE20A). ❑Other. Describe: (attach Schedule PE20A). 8a.Will this property be,'the buyer's principal residence? Yes ❑No rj Method of financing(complete only if seller-financed,ihcludfng contracts-for-deed and assumed mortgages) Assumed Contract Mortgage or contract-for-degd Monthly payment Interest rate Number of Date of any lump- mortgage for deed amount at purchase ' (principal&interest) now in effect payments sum(balloon)payments s. ❑ ❑ 1o. ❑ ❑ Sign here. 1 declare under penalty of law that the information on this form is true,correct and complete to the best of my knowledge and belief. Print name Signature Date Daytime phone �,�; ��`L .— �«z �r--=�- 7��1✓� �/,Z� ��- ;/-s --vim Counties: Complete this section. co F C Yr Bit SD Yr Land Bldg Tot ❑ T Primary property ID number Acres Tillable C CRP F11M Deed _ Yr Land Bldg Tot Secondary pari:5 number o Good for study J1 s Q b No If no,give reason/code . AUG 0 9 2006 o � Ye C. io g X HC ST Adjc Adjs Use Tillable EMV Apt FM d• GA C 1 My 2 MV ID Are there more parcels? ❑Yes ❑No d Put additional ID numbers on back of form. z Co CT PT Date T M 5 m COUNTY COPY 1848016 CITY OF BROOKLYN CENTER RAMBLER SALES 900 TO 1000SF 10/01/2005 TO PRESENT I _ PID NbrhdAddress Purch Price Sale Date 03-118-21-21-0077 0053 5901 Halifax Ave N 230,000 09/08/2006 03-118-21-24-0025 0055 3819 58th Ave N 205,000 08/29/2006 03-118-21-31-0040 0055 3825 Burquest La 206,000 10/12/2006 33-119-21-13-0018 0053 5230 Winchester La 230,000 01/03/2006 36-119-21-34-0049 0054 6225 Bryant Ave N 213,000 12/06/2005 33-119-21-14-0024 0053 4913 Winchester La 224,800 09/05/2006 03-118-21-24-0041 0055 3801 France PI 225,400 01/06/2006 03-118-21-11-0052 0053 6000 Abbott Ave N 215,000 05/05/2006 27-119-21-32-0035 0051 7118 Major Ave N 220,000 11/22/2006 01-118-21-23-0051 0054 5812 Girard Ave N 217,000 12/07/2005 01-118-21-23-0012 0054 5707 Fremont Ave N 195,000 11/21/2005 27-119-21-42-0050 0051 3601 Woodbine La 221,000 06128/2006 33-119-21-14-0003 0053 6536 Orchard Ave N 208,000 10/25/2006 03-118-21-43-0078 0055 3600 55th Ave N 182,700 11/08/2006 33-119-21-44-0062 0053 490161 st Ave N 230,350 02/24/2006 34-119-21-44-0062 0053 3224 62nd Ave N 209,900 07/20/2006 26-119-2142-0052 0052 7148 Newton Ave N 203,700 05/12/2006 10-118-21-13-0028 0055 5024 Lilac Dr N 210,000 01/12/2007 01-118-21-24-0028 0054 5824 Dupont Ave N 203,400 02/15/2006 03-118-21-11-0078 0053 5931 Zenith Ave N 203,700 10/21/2005 33-119-21-14-0032 0053 5006 65th Ave N 198,900 08/15/2006 26-119-2143-001 0052 6918 Morgan Ave N 209,000 09/29/2006 33-119-21-13-0077 0053 6601 Unity Ave N 210,000 11/30/2005 36-119-21-34-0065 0054 6227 Colfax Ave N 193,400 10/06/2006 27-119-21-42-0073 0051 3600 72nd Ave N 194,900 02/17/2006 34-119-21-33-0032 0053 6137 Kyle Ave N 198,300 03/02/2007 33-119-21-44-0027 0053 6219 Quail Ave N 193,877 10/20/2005 03-118-21-13-0055 0055 5661 Northport Dr 197,700 04/28/2006 02-118-21-41-0031 0054 1605 56th Ave N 199,000 11/23/2005 03-118-21-21-0100 0053 6012 June Ave N 190,900 10/03/2005 34-119-21-23-0063 0053 4318 65th Ave N 215,000 01/31/2007 34-119-21-23-0075 0053 4618 65th Ave N 192,000 02/20/2007 27-119-21-43-0021 0051 6943 Drew Ave N 215,000 04/28/2006 26-119-2143-001 0052 6907 Morgan Ave N 200,000 12/14/2005 02-118-21-14-0068 0054 5800 Irving Ave N 198,000 05/02/2006 03-118-21-13-0008 0055 5717 Brooklyn Blvd 209,300 04/07/2006 34-119-21-23-0058 0053 4419 Winchester La 200,000 03/09/2006 27-119-2143-001 0051 7025 Drew Ave N 207,000 09/13/2006 27-119-2143-0028 0051 ;6936 Ewing Ave N 217,000 12/10/2005 01-118-21-24-0037 0054 5730 Aldrich Ave N 205,000 10/27/2005 33-119-21-13-0004 0053 5125 66th Ave N 200,000 06/28/2006 27-119-2142-012 0051 3621 Violet Ave 205,700 10/27/2005 02-118-21-14-0074 0054 5700 Irving Ave N 182,500 02/15/2006 34-119-21-31-0012 0053 6317 Halifax Dr 221,000 07/24/2006 34-119-21-34-0059 0053 4213 62nd Ave N 186,600 10/05/2006 33-119-21-13-0008 0053 5213 66th Ave N 196,000 05/26/2006 36-119-21-33-0004 0054 6207 Dupont Ave N 203,000 12/06/2005 01-118-21-21-0058 0054 5918 Dupont Ave N 188,000 03/31/2006 03-118-21-24-0033 0055 3906 France Pl 190,000 11/18/2005 34-119-21-41-0067 0053 3000 Ohenry Rd 190,600 06/30/2006 27-119-21-32-0085 0051 7119 Kyle Ave N 204,900 03/15/2006 02-118-21-14-0057 0054 5743 Irving Ave N 184,000 07/28/2006 03-118-21-24-0036 0055 3824 France PI 186,300 09/01/2006 27-119-2143-006 0051 3707 Urban Ave 217,900 04/25/2006 CITY OF BROOKLYN CENTER RAMBLER SALES 900 TO 1000SF 10/01/2005 TO PRESENT PID Nbrhd Address Purch Price I Sale Date 27-119-21-42-0023, 0051 7106 France Ave N 203,400 06/23/2006 33-119-21-44-002 0053 16213 Quail Ave N 186,000 11/15/2006 27-119-21-43-00211 0051 6943 Drew Ave N 207,000 10/03/2005 03-118-21-11-0111 0053 5949 Xerxes Ave N 182,371 05/15/2006 01-118-21-23-0006 0054 15707 Girard Ave N 198,000 01/12/2006 27-119-21-43-0044 0051 7007 Ewing Ave N 181,900 08/24/2006 33-119-21-44-0025 0053 6231 Quail Ave N 197,000 05/25/2006 33-119-21-12-0043 0051 6718 Toledo Ave N 196,000 07/17/2006 34-119-21-34-0091 0053 6225 France Ave N 179,900 07/27/2006 02-118-21-14-0076 0054 5712 Irving Ave N 150,000 06/07/2006 03-118-21-11-0065 0053 5907 Abbott Ave N 189,800 02/16/2007 03-118-21-21-0001 0053 3801 Commodore Dr 195,000 08/04/2006 34-119-21-12-0044 0051 16819 Drew Ave N 185,000 03/15/2006 27-119-21-31-0064 0051 7142 Grimes Ave N 191,900 11/15/2006 03-118-21-21-0008 0053 5919 Admiral La 201,000 12/22/2005 27-119-21-42-0074 0051 3518 72nd Ave N 189,900 08/15/2006 35-119-21-32-0111 0053 2913 66th Ave N 189,000 06/2312006 27-119-21-31-0117 0051 7206 June Ave N 175,300 06/06/2006 36-119-21-33-0010 0054 6101 Fremont Ave N 175,000 11/16/2006 03-118-21-13-0043 0055 3800 France PI 203,000 10/27/2005 01-118-21-24-0023 0054 5809 Colfax Ave N 185,000 11/08/2006 36-119-21-24-0017 0052 6620 Bryant Ave N 180,000 03/28/2006 27-119-21-32-0103 0051 7112 June Ave N 185,000 07/28/2006 27-119-21-31-0040 0051 4000 71st Ave N 179,900 03/30/2007 28-119-21-44-0029 0051 7024 Quail Ave N 191,499 02/16/2007 10-118-21-14-0045 0055 4949 Abbott Ave N 190,900 12/29/2006 27-119-21-32-0053, 0051 7125 Major Ave N 187,500 12/16/2005 33-119-21-13-0085 0053 5131 Howe La 180,000 01/31/2007 33-119-2141-009 0053 6320 Quail Ave N 178,000 03/30/2006 34-119-2143-003 0053 3413 62nd Ave N 178,000 04/28/2006 01-118-21-21-0049 b054 6024 Dupont Ave N 167,000 04/05/2007 02-118-21-41-0016 0054 5624 Irving Ave N 185,000 10/28/2005 27-119-21-32-0106 0051 4307 Woodbine La 202,500 01/17/2006 33-119-21-13-0019 0053 5224 Winchester La 163,000 10/12/2006 33-119-21-14-0032 0053 5006 65th Ave N 165,030 03/15/2006 03-118-21-21-0001 0053 3801 Commodore Dr 165,000 10/06/2005 33-119-21-13-0075 0053 6609 Unity Ave N 140,000 07/21/2006 02-118-2143-012 0054 5401 Oliver Ave N 150,000 09/07/2006 Arithmetic Average Values: 195,701 MEDIAN 196.500 Review of 5913 Admiral Lane PID#03-118-21-21-0009 For Rosita Acosta 2007 Board of Appeal and Equalization Ica t r I, ' City of Brooklyn Center A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Ms. Rosita Acosta 5913 Admiral Lane Brooklyn Center, MN 55429 Ms. Acosta contacted our office regarding the 2007 valuation notice on April 12, 2007. Her concern was the 2007 estimated market value of$199,600 on her property located at 5913 Admiral Lane, Brooklyn Center. Ms. Acosta felt that the 2007 estimated market value was excessive, and that homes were not selling for these values. Ms. Acosta was not able to schedule an appointment for a review that week so an appeal application was mailed to her on April 12, 2007. She completed the application for appeal and turned it into the city on April 13, 2007. Ms. Acosta was told she would be added to the agenda. We were unable to schedule an appointment with Ms. Acosta prior to preparing the Local Board packets. Ms. Acosta was told that the Local Board of Appeal and Equalization would request an interior review. Ms. Acosta did not provide any market information with the appeal application. Ms. Acosta purchased the property on April 28, 2006 for$187,675, with$5,630 of points paid by the seller. The cash equivalent sale price is $182,045. The property was listed on MLS and is considered an open market transaction. A copy of the Certificate of Real Estate Value has been included with this report. A Listing of rambler sales from October, 2005 through March, 2007, with 1,100 to 1,200 sq. ft., indicates a median sale price of $206,000, and has been included. The 2007 estimated market value of$199,600 includes an improvement amount of $4,600. The last interior review of the property was June, 24, 2005, during the 2005 quintile. The 2007 improvement amount of$4,600 was for a permit in July, 2006 for two egress windows. A tag was given to the renter at the property on 9/25/06 to notify the owner of the need for an interior inspection of the basement finish. Our office did not receive a response to the permit tag and assumed from exterior inspection that the windows were complete and assumed two basement bedrooms. The inspection of the permit work was considered complete on 9/25/2006. The building permit valuation for the installation of two egress windows was listed as $6,350. The Local Board of Review and Equalization must request an interior review with Ms. Acosta in order to continue the appeal process. Respectfully, Nancy Wo ' SAMA J City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall & TDD Number(763) 569-3300 FAX(763) 569-3434 FAX(763) 569-3494 www.cityofbrooklyncenter.org Report Name: Taxpayer Inquiry City of Brooklyn Center Printed:4/25/2007 Taxpayer Inquiry Page: 1 Display PID House Nbr Street Name ILAft Zip Code (+4) 03-118-21-21-0009 5913 Admiral La 55429 Last Name First Name VIII Own r Taxpayer Resident Hanson Joel Y Y N Acosta Rosita Y Y N Fronta2 Left Side Rear Side Right Sid Eff.Width Eff.Depth Property Area Acreage Zoning P/S Exempt Code School Dist Watershed Yr Built 80 112 80 112 80 112 8,960 0.00 R1 0281 14 1955 Year Ver #Subs Land Value Bldg Value Mach Value Tot Mkt Value Tax Cap Hmstd Midyr Rel H L/T_ %Own P/C 2007 1 1 57,800 141,800 0 199,600 1,996 N N N R 0 N 2006 1 1 56,300 142,500 0 198,800 1,926 Y N N R 100 N 2005 1 1 51,300 120,700 0 172,000 1,675 Y N N R 100 N Lot: 009 Block: 005 Addition: Pearson's Northport 3rd Addition L of •oklyn Center <Files on BC Server> --C:Wrogrdm FilesliLogisWDS Property ID House# Slrept Name Urd I t Photo(s)on file Today's mate:4125r2t)07 1 Sketch(es)on file Release:1.03.06 03 2 21 '3 Address: 913 Logged on user; hJViltjJC1K j rAssessina-Nancv%Noicik rpo Single PID 1 Parcel S earch 2 Clear 3 Print 4 View P of Farce!Status:ACTIVE Temporary PID Updat /* « a Project Update ` x i,. Assessor Inquiry Save 0ear gelebe New Sub JOH LMY Trial Market Vows j Taxpayer Inquiry _...._._.. - I Values Administration Assessment Year: 2017 � rt �?Ver� CCurrent o New Asmt Year'07 Values Information � Hennepin County T rat ' Homestead Update PID: '03-118-21-21-0009 Subrecor � eo ro T yR e; � � Last Appr Year Homesead Rollover _ - -._m............... Appraised Year L Prim/Sec CD V i Pits PIG: —_ Cep CD: f. Last A _ Coop PILE: LMV Update SSN Future to Current Exempt I Deferred Information Miscellaneous Information Homestead Information Tax Capacities Updat, Cade: v ;� Notice Sent Partial Const F✓ Hmst CD Pct Owner: TOH Update '' Value Notice File Type: w (� Ag Use i. EMV Mid Year Hm,t Hmst Rtn: ,- + Sales Administration Year. 10 Acre iF Contiglnd RelHrnst HmstFTP: r N ? - 4 Property Characteristics Land 320 Acre IF Proi Nbr: Hmst CRV Filed Residential District: € Neighborhood ► 3 MinAssess ` Commercial/lndustri Mufti-Family Market Values 23•Value History Records ' Field Card Print Land: —,_ Im oyeAmt: Year Sub Vet Land Bldg To��Mkt JAWO + CA.MA �� 57.800 Pr d.�600 � g .1 + I Special Assessments Bldg: 1-41.$00 LMV: 1 1 57,800 141, 0 199..._..M.n.- �.�m 2006 1 1 5b 3�� 142.500 1�,�14 i�,j Report,and Inquiries Mach: TOH: ��System Reports Prot 2005 1 1 51,300 1 120,700€ 172,i�0'_ ..System Reports-Asst fiotal: 159,600 Taxable Mkt: 1--5.600 2004 1 1 41101 123,900 165, 0 i..Local Report, 2003 1 1 . 31 119,700 151 1 i Ad-Hoc Query Tax Capacity 2002 1 1 27 500 1162200 J 143 700 LOGIS Map 2001 1 1 27000 � 1160 ' Do Not Calc Tax Capacity Tax Capacity: 1.896 Public Property Summ . �. 2112.10 1 1 X3,300 76 700 100000 0 ' ► Non-Public Property S • Database Utilities 1 1 22,E__ 64,700 86,7W 0 19,.98 1 1 22,000 i 59,500 81,500= 0 • I Security Administration M . 1957 1 1 21=11, 56,2W- 77,2M l 0 _. .n _...... City of Brooklyn Center PID: 03-118-21-21-0009 Property Type: R-Residential Residential Field Card Property Address: 5913 Admiral La Zoning: R1 Printed: 4/25/2007 Lot/Block: 009/005 Dwelling Type: Single Family Assessment Year: 2007 Addition: Pearsorfs Northport 3rd Addition Owner(s): Joel Hanson Version: 1 District: Rosita Acosta Model: Neighborhood: 0053 „ , . �' Pool 1st Baths 3rd Total Dimensions ,. �., Zoning R1 Partial Const(%): Pool I Area: Spa: / Interior. Length Width Sq Ft Area Rating: Very Good Model: Quality: Dlx: / Trim: Bedrooms: 4 25 40 1000 Site Rating: Good Dwelling Type: Single Family Pool 2 Area: Full: 1 / Very Good Floor. Baths: 2 10 14 140 Land Quality: Adjacent Property. Equal Quality: 3/4: / Avg.Clear.Height: Family: 2 0 0 0 Contamination: View: Equal Amenities 1/2: / #of Fireplaces: Living: 1 0 0 0 Flood Plain Map Ref: Arch./Appeal: Average 1st Room Count Fplc.Quality: Dining: 1 0 0 0 PUDRef: Quality: B07 Bedrooms: 2 3rd Baths(#/Quality) Kitchen: 1 0 0 0 Allowable Units Shape: U-Shaped Baths: 1 Spa: / Other: 0 0 0 0 Excess Land(SgFt): Style: One LeveVRambler Family: 1 Dlx: / Total: 9 Zoning Variance: N Construction: Wood Frame Living: 1 Full: / Frontage: 80 Exterior Walls: Vinyl Left Side: 112 Exterior Trim: Brick BasemCUt ' Dining: 1 3/4: / L'is't dale 2 y Kitchen: I ,. Rear Side: 80 Roof Type: Hip Area(SgFt): 1,000 Other: I/2' nt / Date: 04/28/2006 Right Side: 112 Roof Cover. Shingles Type: Regular Total Rooms: 6 3rd Room Con Price: $187,675 Effective Width: 80 Window Type 1: Double Hung Finished(%): 75 Bedrooms: Code: 00 Effective Depth: 112 Window Type2: Casement Quality: Very Good Baths: Desc: Good Sale Effective Water. 0 Air Conditioning: Yes #of Fireplaces: Interior. Other: y 3 Property Area(SgFt): 8,960 Dormer Length Fplc.Quality: Trim: Total Rooms: � �u ak ski Acreage: Dormer Quality: Avg Floor.Clear.Height: �: Appraiser ID: 18 Tufthi Park: #Patio Doors Elec.Svc: Standard Avg Clear.Height: z. Appraisal Date: 09/25/2006 Park Quality: Htg.Svc: Forced air,gas fired #of Fireplaces: Res.Cond: Good Reason: Permit Review Quality: Int Layout Standard Result Inspection Fplc.F Permit Ins On Lake: Garage#1 "`� W.O.Type: P Q ty� Manual Assess: N P Lake Quality W.O.Quality: 2nd Baths(#/Quality) On River: Placement Attached Actual Age: 1955 Cutrenf inspection River Quality. #of Cars: 1 Spa: / Effective Age: 1985 Landscape Quality: Average Floor Area 308 Basement Baths(#/Qual.) Dix: / Renovated Age. Appraiser[D: Condition: Very ood Full: / Functional%: rY Spa: / 3/4: / ° Appraisal Date: Attributes Exterior Walls Vinyl Dlx: / Economic/°: Garage#2 Full: / 2nd Room Count / Building Areas Reason: Placement: 3/4: 1 / Average Unfin. IstGBA: #of Cars: 1/2:1/2: / Unfin.2nd GBA: Result: Baths:Gas Floor Area Basement Roam Count Unfin.3rd GBA: Condition: Bedrooms: 2 Other: Unfin.GBA: Left Tag Yes/No Exterior Walls Total Rooms: Paved Street Baths: 1 1st Floor Area 1,140 �� v�A /-- Sewer Available Porch Family: 1 2nd Floor Area x>> Glazed Area Kitchen: 3rd Floor Area Value: 1,000 Water Available Quality: Other: Total GBA: 1,140 Desc: EGRESS(2) Screened Area Total Rooms: 3 Quality:Y' Comments Open Area: Kitchen Rating: Very Good CSMT BAY WINDOW FRONT ALUM SOFFITS GAS FIREPLACE FR.F=RHEEM CT BATH perm#12395 Quality: Interior. Plaster 4/99 reroof. GLASS BLK BSMT WINDOWS GALLY KITCI-(OPEN TO DR&FR,ORIG CABS&NEWER Patio Trim: Hardwood COUNTERS. MAIN BATH ALL CT WRAPPED NEWER WINDOWS. EXT GOOD COND. 7/06 2 Patio 1 Area: 180 Floor. Carpet egress/completed Quality: Very Good Avg.Clear.Height: egress 9/25/06 Patio 2 Area: #of Fireplaces: 1 Quality: Fplc.Quality: Very Good Deck Deck I Area: Quality: Deck 2 Area: Quality: City of Brooklyn Center PID: 03-118-21-21-0009 Property Type: R-Residential Residential Field Card Property Address: 5913 Admiral La Zoning: RI Printed: 4/25/2007 Lot/Block: 009/005 Dwelling Type: Single Family Assessment Year: 2007 Addition: Pearson's Northport 3rd Addition Owner(s): Joel Hanson Version: 1 District: Model: Neighborhood: 0053 Rosita Acosta ...............................................: 18' 0 180' PATIO 14' 10' 40' Y c4 Gara e `~ 308 ' 10'First Floor C14 . 9 P 1140' 14' bo 40' " 40' " .. r ... .� -. N Basement Zn 1000' C%j 40' Sketch by Apex IV'"' t _ MINNESOTA- REVENUE PE20 Auditor use only Certificate of Real Estate Value _J Names of buyers(last,first,MI) ress 5 A�JF;. t`, le�rn P e � .j ACOSTA, > ()S LTA C, {iZGAI E; f D--DEV'FLt3ENT: - }iANjC+';, ?()EL T. (C� d?: IV_`3.rS{r'_'4 I Names of sellers(last,first,MI) New address / f _�� 0aytirpe ph9e�; < - FtUBBAP0, CRAIG F. � f � /; � ��r�^ ' crr.4 l�R ( ) l/ '70 Street address or rural route of property purchased —� City or township County 5913 ADMIFi'd. LANE BROOKLYN CENTER iiENtiEP"J 1.Date of deed or contract Legal description of property purchased(lot,block and plat)or attach 3 copies of the legal description 4/1S/2006 LOT 9, BLOCK 5, PEAF:SON'S :;nPTHP0FT 3RD AD_):TION Financial arrangements 2.Total purchase price Was persona lIproperty included in purchase price(e.g.,furniture,inventory,equipment)? 1 CS 7,67 5.00 ❑Yes If yes,list property and $ 3.Down payment current(not replacement)value at right,and enter $ total in Box 5 below.Use back of form if needed. $ 4.Points or prepaid interest paid by seller 5.Current value of personal property $ 6. Type of acquisition (check all that apply) ❑Buyer and seller are relatives or related businesses ❑Contract paid off or resold ❑Property received in trade ❑Buyer or seller is religious or charitable organization ❑Name added or removed from deed ❑Purchase agreement signed over two years ago ❑Buyer or seller is unit of government ❑Property condemned or foreclosed upon ❑Buyer purchased partial interest only ❑Property received as gift or inheritance 7. Type of property transf rred (check all that apply) ❑Land only Land and buildings ❑Construction of new building after Jan. 1 of year of sale 8. F:esidential:ned use of property (check one) single family ❑Agricultural. Number of acres: —(attach Schedule PE20A). ❑Residential: duplex,triplex ❑Apartment(residential,four or more units). Number of units: (attach Schedule PE20A). ❑Cabin or recreational (noncommercial) ❑Commercial-industrial. Type of business: (attach Schedule PE20A). ❑Other. Describe:_ (attach Schedule PE20A). 8a.Will this property be the buyer's principal residence? ❑ Yes $;�4o Method of financing(complete only if seller-financed, including contracts-fortfeed and assumed mortgages) Assumed Contract Mcrtgage or contract-for-deed Monthly payment Interest rate Number of Date of any lump- mortgage for deed amount at purchase (principal&interest) now in effect payments sum(balloon)payments 9. ❑ ❑ - - - 10. ❑ ❑ --- Sign here. I declare under penalty of law that the information on this ford is true,correct and complete to the best of my knowledge and belief. Print name Signature 1 �a Date l Daytime phone 'G;J Counties: Complete this section. Cq 17 C Yr Bit SO Yr Land Bldg Tot �. '� .. - Primary prop ID number / Acres Tillable CER CRP RIM U peed/ Yr Land Bldg Tot � reed g ' x ✓ t-I v Secondary parcel ID number a Good for study 0 Yes 7 No If no,give reason/code b. o C. o X- HC ST Adjc Adjs Use Tillable EMV Apt FTA d• " 16 W6 e li gGA C 1 MV 2 My ID Are there more parcels? ❑Yes r-]n No ID o Put additional ID numbers on back of form. Z x Co CT PT Date T M S o ' In COUNTY COPY 258485 CITY OF BROOKLYN CENTER RAMBLER SALES 1100 TO 1200SF. 10/01/2005 TO PRESENT PID Nbrhd'Address Purch Price Sale Date 33-119-2143-0002 0053 6242 Scott Ave N 250,000 05/08/2006 25-119-21-33-0080 0052 7006 Humboldt Ave N 233,000111/28/2006 03-118-21-34-0039 0055 5316 Twin Lake Blvd E 234,0001,12/29/2006 36-119-21-21-0037 0052 6736 Colfax Ave N 228,500112/15/2005 01-118-21-22-0078,0054 6039 Girard Ave N 219,900 04/21/2006 25-119-21-31-0055 0052 7200 Dupont Ave N 216,000104/24/2006 10-118-21-11-0023 0054 5201 Xerxes Ave N 213,000 03/23/2006 02-118-21-34-0034 0054 5405 Queen Ave N 213,900 03/24/2006 03-118-21-13-0044 0055 3600 Admiral La 220,000,09/05/2006 36-119-21-21-0052 0052 6700 Dupont Ave N 220,000 06/22/2006 26-119-2144-006 0052 1507 71st Ave N 232,750 08/28/2006 27-119-21-34-0013 0051 6913 Halifax Ave N 219,900 02/15/2006 26-119-21-41-00310052 1606 71st Ave N 221,000 02/26/2007 28-119-21-44-0050 0051 6925 Quail Ave N 214,900 06/01/2006 34-119-2141-0015 0053 3312 63rd Ave N 215,300 07/14/2006 36-119-21-21-0115 0052 6827 Colfax Ave N 247,000 06/19/2006 26-119-21-41-0020 0052 1619 Amy La 200,000 05/04/2006 34-119-21-34-00410053 6200 June Ave N 219,90004/26/2006 34-119-21-11-0114 0051 3224 67th Ave N 221,500 09/18/2006 35-119-21-32-0027 0053 2719 65th Ave N 206,000 04/11/2006 27-119-21-32-0042 0051 4601 Woodbine La 228,000107/14/2006 25-119-21-32-0059 0052 7200 Humboldt Ave N 209,900 09/26/2006 26-119-21-43-0053 0052 7012 Morgan Ave N 193,900 05/31/2006 03-118-21-13-0066 0055 3616 Admiral La 202,000 11/15/2005 25-119-21-31-0034 0052 7208 Bryant Ave N 192,850 08/29/2006 27-119-21-31-0094 0051 7124 Indiana Ave N 197,000108/07/2006 35-119-21-32-000110053 6312 Brooklyn Dr 205,000 05/31/2006 34-119-21-24-00 0053 4213 Winchester La 196,000 06/21/2006 25-119-21-41-001310050 7201 Riverdale Rd 201,000 02/26/2007 36-119-21-33-001 0054 6120 Lilac Dr N 208,000 10/25/2005 34-119-2 1-11-0 1 Oq 0051 3107 Thurber Rd 200,000 10/27/2006 34-119-21-31-0042 0053 6331 Indiana Ave N 195,000 11/30/2006 33-119-21-41-0047 0053 4806 63rd Ave N 208,000 08/18/2006 02-118-21-44-0080 0054 5442 Irving Ave N 203,000 10/13/2005 34-119-21-24-0039 0053 4212 Winchester La 203,500 01/25/2007 28-119-2143-002 0051 7019 Regent Ave N 205,000 08/11/2006 03-118-21-13-006 0055 3608 Admiral La 202,000 10/26/2006 LL 33-119-21-11-0070 0051 6813 Quail Ave N 199,900 07/12/2006 02-118-21-31-0030 0054 2331 Ericon Dr 198,600 02/15/2007 27-119-21-32-0110 0051 7207 June Ave N 224,000 11/30/2005 34-119-21-11-0115 0051 3218 67th Ave N 204,000 09/27/2006 --}- 27-119-21-31-0024 0051 4000 72nd Ave N 219,800 08/31/2006 34-119-21-14-0076 0053 3118 Quarles Rd 211,000 10/20/2005 _ 25-119-21-31-0048,0052 7225 Bryant Ave N 206,700 11/02/2005 _ 26-119-2144-000 0052 7012 Logan Ave N 211,900 01/31/2006 27-119-21-31-0037 0051 7119 Grimes Ave N 1 93,000 03/15/2006 03-119-21-34-0012 0055 5345 France Ave N 210,000 03/14/2007 27-119-21-31-0003 0051 7231 France Ave N 177,900 07/12/2006 10-118-21-13-00210055 4901 Beard Ave N 200,000 11/13/2006 34-119-21-23-0065 0053 4306 65th Ave N 206,000 08/07/2006 34-119-21-32-0055 0053 4521 Kathrene Dr 206,000.04/21/2006 _ 10-118-21-13-0029 0055 5018 Lilac Dr 206,000 05/31/2006 02-118-21-42-0077 0054 5607 Judy La 220,000 05/26/2006 0 1-118-21-22-0072 0054 6020 Girard Ave N 176,000 05/31/2006 CITY OF BROOKLYN CENTER RAMBLER SALES 1100 TO 1200SF. 10/01/2005 TO PRESENT" PID INbrhd Address Purch Price Sale Date 03-118-21-21-000 0053 ;5913 Admiral La _ 187,675 04/28/2006 _ 10-118-21-21-0065 0055 3816 Oak St 180,000 02/27/2006 03-118-21-21-00310053 6001 Pearson Dr 198,000 07/20/2006 02-118-21-43-0149 0054 2200 55th Ave N 180,900 01/03/2006 28-119-21-41-0135 0051 17060 Perry Ave N 182,500 01/23/2006 34-119-21-31-00700053 6425 Marlin Dr 169,900 10/26/2006 27-119-21-31-00820051 4118 Woodbine La 175,000 06/02/2006 _ Arithmetic Average Values:, 207,237 Median 1 206,000 I Perkins 5915 John Martin Dr. Brooklyn Center, MN 55430 PID# 02-118-21-12-0011 2007 Board of Appeal and Equalization -ri WIMP Zoning: C2 Land Area: 51,417 sq. ft. / 1.18 Acres Year Built: 1972 GBA: 5,400 sq. ft. Seating: 160 City of Brooklyn Center A Millennium Community TO: 2007 Brooklyn Center Local Board of Appeal and Equalization RE: Perkins 5915 John Martin Dr. Brooklyn Center, MN 55430 Mr. Steven Hart contacted the Assessor's office on March 20, 2007 with a concern regarding the 2007 valuation of the Perkins restaurant located at 5915 John Martin Dr., Brooklyn Center. Mr. Hart is a property tax consultant for the Perkins restaurant. Mr. Hart felt that the 2007 estimated market value of$550,000 was excessive. Mr. Hart is requesting a 2007 estimated market value of$466,297 based on his calculation of an income approach. Mr. Hart is calculating the value based on actual income but is using a lower percentage of sales than is typical for the restaurant market. Mr. Hart is also using a higher cap rate than typical market sales. Mr. Hart felt that the estimated market value of$550,000 did not represent what his property would sell for on the market. Mr. Hart requested that his appeal be read as a written appeal at the Local Board of Appeal and Equalization. i On April 20, 2007 I completed an exterior review of the Perkins restaurant at 5915 John Martin Dr., Brooklyn Center, to prepare an appeal packet for the board. The last interior inspection was completed April 21, 2006. There were no changes made to the characteristics as the property characteristics for the exterior appear to be correct. Mr. Hart indicated there were no interior changes to the overall characteristics. The subject property was viewed over the lunch hour and appeared to be quite busy. The subject property is currently listed for sale for$750,000, including most fixtures. Tenant will vacate at buyer's convenience. There is currently no for sale sign on the property. In reviewing sales of comparable properties, there was only one sale available in 2006. In order to create a fair and equitable assessment, sales were used from 2005 and 2006. Restaurant growth in 2005 was .04% and Restaurant growth in 2006 was 2%. An overall time adjustment of 2% growth was used for all sales comparables. There were no open market restaurant sales in Brooklyn Center during 2006 so restaurants outside of Brooklyn Center were used. Two comparables, Perkins in Chanhassen and Perkins in Maple Grove, were used to represent a sale of the typical Perkins restaurant. These sales were adjusted for location in comparison to the subject property. All sales comparables are sit-down style restaurants of comparable size with ample parking. All sales are considered open market transactions. The enclosed grid indicates an estimated market value of$557,000. 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall & TDD Number (763) 569-3300 FAX(763) 569-3434 FAX(763) 569-3494 www.citvo/brookllmcenter.org The income approach was used to calculate the value using the actual income and expense information provided. Due to the confidential nature of this information, Mr. Hart has requested that the information not be included in this report. A sample of the income approach principles has been included for your reference. The income approach indicated an estimated market value of$550,000. Due to the age of the property, the cost approach was considered but not used. It is my recommendation to sustain the 2007 estimated market value of$550,000 for taxes payable in 2008. Respectfully, Nancy Wojcik, SAMA City Assessor II VIII i I Report Name: City of Brooklyn Center Printed:4/25/2007 PropSumm_Public Page: 1 Public Property Summary PID#: 02-118-21-12-0011 Buildings on File: I Property Name: Perkin's Property Address: 5915 John Martin Dr Brooklyn Center,MN 55430 Multiple Address: No Lot/Block: 000/000 Addition: Registered Land Survey No. 1325 Hennepin County.Minnesota Legal(120): TRACT O Owner(s): Eretz LLC Lot Size: 51,417 Sq.Ft./ 1.18 Acres Zoning: C2 Gross Office Area Percent: Building Use: 350-Restaurant/100% #Stories: 1 Avg Story Height: 11 Avg Clear Height: 9 Actual Year Built: 1972 Effective Year Built: 1985 Renovated Year: First Floor Area: 5,400 Gross Building Area: 5,400 Basement: No Parking: Parking-Surface Property Classification: Commercial 2007 EMV: 550,000 2006 EMV: 500,000 2005 EMV: 500,000 EMV/GBA: 101.85 A 0 Tie, r I - _7 HennepinCounty Property Ma p - Tax Year: 2007 7t j The data contained on this page is derived from a compilation of records and maps and may contain discrepancies that can only be disclosed by an accurate survey performed by a licensed land surveyor.The perimeter and area(square footage and acres)are approximates and may contain discrepancies.The information on this page should be used for reference purposes only. Hennepin County does not guarantee the accuracy of material herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. li 6000 5530 s °4 5925 it 5939 5927 . 3915 tla Boa 5901 1,11 I� i 5910 II 5930 5900 22 I ) Selected Parcel Data Date Printed:4/24/2007 2:48:35 PM Parcel ID:02-118-21-12-0011 Current Parcel Date:04/4/2007 Owner Name: ERETZ LLC Parcel Address: 5915 JOHN MARTIN DR,BROOKLYN CENTER, MN 55430 Property Type:COMMERCIAL-PREF Sale Price: $0.00 Homestead: NON-HOMESTEAD Sale Date: / Area(sgft): 51071 Sale Code: Area (acres): 1.17 A-T-B:TORRENS Market Total: $500,000.00 Tax Total:$17,791.66 I - 1 Hennepin County Property Map - Tax Year: 2007 The data contained on this page is derived from a compilation of records and maps and may contain discrepancies that can only be disclosed by an accurate survey performed by a licensed I land surveyor.The perimeter and area(square footage and acres)are approximates and may contain discrepancies.The information on this page should be used for reference purposes only. i Hennepin County does not guarantee the accuracy of material herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. II 1 s� 5925 5927 ;f i 's 5915 22 �I 2 D A� n A .... o—.._._ Selected Parcel Data Date Printed:4/24/2007 3:04:10 PM Parcel ID: 02-118-21-12-0011 Current Parcel Date:04/4/2007 Owner Name: ERETZ LLC Parcel Address: 5915 JOHN MARTIN DR, BROOKLYN CENTER, MN 55430 Property Type: COMMERCIAL-PREF Sale Price: $0.00 Homestead: NON-HOMESTEAD Sale Date: / Area (sgft): 51071 Sale Code: Area(acres): 1.17 A-T-B:TORRENS Market Total: $500,000.00 Tax Total: $17,791.66 OG Property Data System,- City f c Center ite" r r r r S ' & I E K K Vatues Information K K < IN L� r p K *t I I I ■ L *+ R * J � qp � / K s 1/ all 1 1 l!! fit now F ® yy y��{ y� I� y e I�y{ ■ 2 k 4 K City of Brooklyn Center PID: 02-118-21-12-0011 Property Type: C-Commercial Commercial Field Card Property Address: 5915 John Martin Dr Zoning: C2 Lot/Block: 000/000 Addition: Registered Land Survey No 1325 Hennepin County. Owner(s): Eretz LLC Printed: 4/25/2007 District: Assessment Year: 2007 Neighborhood: 0011 Project(s): Version: 1 Watershed: 14 Building: 1 School District: 0286 Zoning: g C2 Name:1 � Perkin's Restaurant" b"ent"s q kip/ . Vacancy Pere: ter. Area Rating: Very Good cent: Site Rating: Good o Basement Area Percent: Effective Gross Income Land Quality: Partial Construction(/o): Q ty Overall Quality. Bsmt.Use Code: _ Operating Expense Contamination: Net Income Architectural Appeal Average Bsmt.Use Code Suffix: Flood Plain Map Ref: Capitalization Rate: Construction Quality: Average Elevator(s): PUD Ref: Gross Rent Multiplier: Allowable Units Construction Type Wood Frame Building Condition Good h%s �,,.,,,..W,; -•• Rent/Square Feet Excess Land(SgFt): Electrical Service Average Security System N Zoning Variance: N 4 `IIs oral Ractl J � ,..., Plumbing: Average a//� , Frontage: 242 Primary Exterior Walls Stucco Sprinkler Type/Percent: Yes/100 """' '^'- " '`j ' MIR Left Side: Secondary Exterior Walls ,;, ;' Date: Rear Side IJeotw�„ �lPernt)'',, Roof Construction: Wood Heating HVAC/100 Price: Right Side: Roof Type: g Code: Effective Width: Heating 2: / Desc: Roof Cover. Pitch&Gravel Effective Depth 305 R..„ °r C�►des ! Cie �ttl Cis % eating :”,': / Effective Water. 0 Air Cond. (Type#/&ten0 )w n N HS Property Area S Ft: 51,417 Code 0 F, 350-Restaurant y .* - p rt ( g ) P 100 A/C 1: Central/100 Appraiser ID: 11 Acreage: 1.18 Cade:'. 0 A/C 2: / Appraisal Date: 04/20/2007 Park: ode , 0 A/C 3 / Reason: Appeal Park Quality: 'Code4 0y/,� / F+' ;� r Result: Exterior On Lake: Lake Quality. PePre taco anted Abe BMW Al ti/ten , .. 333 Fi On River: Functional%. Actual Age. 1972 First Floor Area 5,400 �'"'' xis ,a ✓fl=• „tom. River Quality: Economic%: Effective Age: 1985 Gross Building Area 5,400 Appraiser ID: Landscape Quality Physical%: 12 Renovated Age: Net Rentable Atirtb€tfe5 y ��s h� 'rkl ! i ��. y Mezzanine nine Area Area: 5 400 Reason: al Date: y/ry Mezzanine Area: Trackage Type rd s Air ltentl; v..„ Type,1 Parking-Surface 70 28,000 BurldmgTtatt eri arim Result: Land Building Percent: 952.2 Typre2 -` Irregular Shape Floor Area Percent 10.5 Left Tag Yes/No �• Paved Street hype 3: Perimeter Length 330 M Sewer Available ?me Office Area: Soil Correction ' ' Gross Office Area Percent Value: y y Water Available Net Office Area Percent Desc: �or� r�' �'` �� T ype- 4, one*$ Leased to Perkins Restaurant Operating Company.Base and percentage rent.Original lease 1977. 160 SEATS,4 DINING ROOMS,Oak Millwork,wood wainscotting.,retail pie case.TAXPAYER-PERKINS RESTAURANT Buldl)n OPERATING COMPANY Average Story Height 11.0 Number of Stories 1.0 Average Clearance Height 9.0 Finished Ceiling Height: ijeellatt N<. �y Income/Lease: Tenant: City of Brooklyn Center PID: 02-118-21-12-0011 Property Type: C-Commercial Commercial Field Card Property Address: 5915 John Martin Dr Zoning: C2 Lot/Block: 000/000 Addition: Registered Land Survey Na 1325 Hennepin County. Owner(s): Eretz LLC Printed: 4/25/2007 District: Assessment Year: 2007 Neighborhood: 0011 Project(s): Version: 1 Watershed: 14 Building: 1 School District: 0286 120' E > First Floor v 5400' 120' Correlation and Conclusion Property Description: The subject property is located in the City of Brooklyn Center at 5915 John Martin Drive, between Shingle Creek Parkway and Hwy 100. The building was constructed in 1972. It has wood frame construction, stucco exterior and contains 5,400 sq. ft. The restaurant has four dining rooms and 160 seats. The structure has been updated periodically maintaining the current standard for Perkin's restaurants in the Twin Cities area. The property appears to be in good condition and shows no deferred maintenance. The structure has an effective age of 1985. Special Conditions: The subject property abuts the Brookdale Square site. It is surrounded by single and multi- tenant retail and office properties. This Perkins has experienced a loss in gross sales of 12% from 2002 through 2005. The 2006 gross sales increased by 4.6% over 2005, showing a positive change. Although local retailers have indicated reduced sales, Perkins has shown an increase in sales due to local restaurant availability. The subject property ert Y is currently listed for sale at$750,000. The Cost Approach: When the subject property is older than five years the cost approach is not given significant weight in an appraisal. The subject property is thirty-five years old. While the cost approach was considered, it was not used in this instance. The Income Approach: The income approach reflects the expectations of a restaurant's gross sales. It is based on a percentage of the gross revenues less economic vacancy an d typical expenses. The net income is capitalized to indicate a value for the property. There is an existing lease on the property, but it was executed in 1977, with 4-5 year options, and is between related parties. The lease is based on a percentage rent off of the gross receipts. Sales at the Perkins in Brooklyn Center are significantly lower than Perkins in adjacent communities. The typical percentage used for rent calculations in the restaurant market is currently 7%to 7.5%. The current real estate market indicates a capitalization rate of 6%. Actual income and expense documentation was provided to the Assessor's office, however, due to data privacy the information is considered confidential and not included in this report. An income approach was calculated on the subject property using the 2006 income and expense data provided. A market driven pro-forma for a typical restaurant has been included for an understanding of the income approach. The Market Approach: Sales of comparable restaurants were considered in the market approach. Four comparable restaurant sales were selected and adjusted for the various differences from the subject property to find an adjusted sale price to use as a comparable for the subject property. Adjustments were made for location, size, and age/condition. Due to the lack of restaurant sales, the sales used include dates in 2005 and 2006. Based on recent market activity of 2% growth and .04% growth in 2005, 1 used a time adjustment of 2%. As the comparable properties are leased based on a percentage of sales, adjustments for existing long term leases or gross sales were not completed, as this information is considered confidential data and was not released on verification of sale information. Correlation and Conclusion: My opinion of value is to sustain the estimated market value of$550,000 for the 2007 assessment for taxes payable in 2008. I Restaurant Appraisal Income Approach COWIOIENTIAL Name Restaurant Name Address PID# GBA Sq. Ft. Land Area Sq. Ft. Land to Bldg Ratio: Income Analysis: Indicated Indicated Rent Per Sq. Actual Rent Sales: Income Assessmern Total Sales Sales per Sq.Ft Economic Rent 0- Ft. Actual Rent per Sq Ft Year Year 7.0 0A Economic Rent + Actual Rent Econominc 7%X(gross divided by Actual 2006 2007 $ Total Sales X GBA Gross Sales X 7% Rent/GBA sales-sale base) GBA NOTE: The subject's actual lease payments are based on lease information provided with the income and expenses data,March 2007. Prior years are based on a lease rate negotiated as part of a restatement of the original 1976 lease.The tenant has made leasehold improvements to keep the property in the Perkins format which is part of the real estate but is not part of the rent.The indicated economic rent based on rent of 76/0 of sales is felt to accurately reflect the market value than the original contract rent payments. The decrease in sales is accounted for in the actual rent based on the percentage rent calculation. Income ProForma: Income: 2007 Pay 2008 Rent (PGI) $ Vacancy 5.00% Effective Gross Income (EGI) Expenses: Reserves -3.50% Insurance @ 0.00% Leasing @ 0.00% Management @ -5.00% Non-Recoverable #VALUE] @ $3.50 Total Expenses Net Operating Income: NOI $ ETR 3.30% Capitalization: 6.00% 6.00% Overall Cap Rate 9.30% Indicated 2007 Value: $ Valuelsf Is G:ISPREDSH71Assessor12007cia 1 jRestaurent-USJSample 4/2520072:58 PM Restaurant Sales Comparble Grid Hennepin County Restuarants from 3,500 to 6,000 sq.ft. 2 01 rx IN Sub1e 'Cmparable#1 Crt�p tkle parable#3 parat y.. m ` r...= .. .:a.�, .,, ✓iii:,'.. ,,,�.,£k�b�' ar...,^�1�3'«f'f\ �3� .F..; Name: Perkins Restaurant La Villa Restaurant_ Perkins Restaurant Perkins Restaurant Molly Quinns 5915 John Martin Dr. 1120 66th St. 951 78th St W. 11801 North 73r d Ave Address: Brooklyn Center Richfield i Chanhassen Maple Grove 3300 E Lake St. PID#: 02-118-21-12-0011 26-028-24-24-0044 25-1670010 26-119-22-42-0007 31-029-23-33-0121 Year of Construction: 1972 1968 1995 1980 1968 Effective Year: 1985 1973 2000 1980 1980 Construction Quality/Condition Good Average (_ Good Good Average Exterior: Stucco Wood Brick Stucco Stucco First Floor Area 5,400 4,264 5,373 4,964 3,921 Gross Building Area: 5,400 4,624 5,373 4,964 6,037 Basement: None 0 0 0 2,116 #Stories: 1 1 1 1 1 Average Story Ht/Clear Ht: 111/9, -14'/12' 12'/9' 11'/9' 12'/9' Land Area: 51,417 Sq.Ft. 25,953 60,132 120,661 19,070 LIB Ratio: 9.61 5.61 11.19 24.31 3.16 I Sale Date(Date of Deed): 5/23/2005 4/2112005 12/23/2005 5/15/2006 Sale Price: $520,000 $1,325,000 $1,797,686 $650,000 Case Equivalent Price: $520,000 $1,325,000 $1,797,686 $650,000 i Personal Property: _ $0 $0 $0 $0 Long Term Lease and Additional Comments: Brokered w/Appraisal Suburban Area Appraisal Appraisal for financing Cash Equivalent of Real Estate: $520,000 $1,325,000 $1,797,686 $660,000 Adjustments: Time: 1.02 1.02 1.02 1.02 Location: 0.85 0.50 0.50 1.00 Land/Bldg Ratio: 1.05 1.00 0.85 1.05 Age: 1.05 0.90 1.00 1.00 Construction Quality/Condition: 1.05 1.00 1.00 1.00 Size: 1.05 1.00 1.00 0.95 Parking: 1.00 1.00 1.00 1.00 Net Adjustment: 1.07 0.42 0.37 1.02 i Adj Sale Price $556,000 $557,000 $665,000 _ $673,000 Market Indicated Value: $557,000 PROPERTY USE-Restaurant MUNICIPALITY-RICHFIELD CODE 350 RC 00 PROJECT NAME,La We COUNTY: HENNEPIN GBA 4624 WD ADDRES& 1120-66th Street PIN*-, 26-028-24-24-000 Seq* 3 RAT'10 Y COMP Y AUDITOR 10: $96508 MULTIPLE Pip.N COMMUNITY: NBRHOOD� MMURNIUM!", Mimz�� PROPERTY DESCRIPTIOM-------.- -- -;-MARKET DATA- Year BuiW Effective Year Built: 1968 1973 Buyer-, jawskash Munna Const Qua*/Condition: AVERAGF AVERAGE Se Rodopho Hernandez&Devora R.Hemandez WD or Const Class/No"of Bldgs: StW SW F m Sale Ntw Date of Sale: 5123105 Exterior Type I Roof Type: Wood Total Purchase Pnco: $520" 2nd Extenor Type I Roof Cvr: Stu tC ion Terms SOt 1 Assume Ind.- DN PMT-$66,000 S I First Floor Area I GSA: 4,264 SF 4,624 SF $150,0W Z Total Floor Area- 4.264 SF PMT-$875 If 7.00% PMTS- IIIW E BALLOON DATE-W012008 Bldg Perim.I-Shape/No Rms. 268 Ft Rectangle U Mezzanine Area I Use: 360 SF Office i Set 2 Assume w: Bsmt Area I%Fin %: 0 SF 0% 0%GSA E PMT_ INT_ PMTS_ S as"it Use- BALLOON DATE- SF 0%GBA First Floor Use, restaurant First Floor SF 196: 4,264 SF 92%GSA Cash Equivalent Price. 541% SU0,000 2nd+Floor Use: Cash Equivalent Actf. 2nd+Floor SF I SF 0%GBA LESS.Personal Property. $0 To(Off Are& 360 SF 8%GSA PLUS;Special Awassments. Ind:N $0 Cash EquWalent of Real Estate: 3520,000 Primary Hemhv I Pa Pockso Unit 100 % sale Sale Prim Per Sq.Ft TFA. $121.95 Secondary Hea*W Pct: % Anallysis. Sole Price Per Sq-Ft.GSA: $11246 Air CwA%"V Pct: 100 % Sate Price Per Sq�FL NRA. Sprinklers I Elevators: 100 0 Sale Price Per Sq.Ft Land Area: $X04 Garap I Romp Spaces: Sudsce Parking Space-, 52 Sale Poce Per ROOM Porki1v Surface Type:Asphalt Multiple Tonancy., N Incom Diu: PRIVATE DATA SW9 W/Avg Clear Ht- 14.O FT IZO FT *Stories: 14 An,Finished C*"Ht- 12.0 FT Total Land And/Topograpby; 26,953 SF fiat level Us"ble Land Arew 25.953 Zoning;I Land Def Cd: C2-GeneralCommerdal F Trackso I Utilities: N city sewer&water Raft Land BIgRaw I Excess Land: 5,61 to One N Schotfulo: PRIVATE DATA Environmental Cbnom Ind: Offm Armn#Jes, Sunwriory Cornfforits: The tenant wanted to open a re in the Rich fieldi'Mhoming ton area.Her cousin,Jalprakash MurAa,purchased the restaurant and is Wasft it back to his cousin.The prop"was IWW with Restaurant Brokers of Wnesot&The Buyer had an appraisal complIeted that came to at$510,0W They did not have to do any remodelitV because the old decor fit with ther thorns.Double ctieckvV on the personal property.There was none listad at on the CW Vft update when I know mom. The restatifantS new nwft it Anbeds Guyanese and C;arbbean Restaurarit. Page 2 P6N*26-02a-24-24-0044 Soq*3 z a� PROPERTY USE:Restaurant MUNICIPALITY:C SSEN CODE 350 RC O9 PROJECT NAME,PERKINS COUNTY; CARVER GSA 5373 4 ADDRESS 951 78TH ST W PIN>l 25-1670010 Seq# 1 RATIO N COUP Y AUDITOR Ira: 65884 MULTIPLE Pith:N COMMUNITY: NSRHOM PROPERTY DESCRIPTION ;-MARKET DATA......... . ..__. - . .._... Year Sudtt Effec&m Year BuW 1985 20001 Siyyer, DONALD HALLA Gtaatst G1ua1ityl Cori r: AVERAGE AVERAGE Seer: RESTAURANT CO OF MN 1 Const Clasal Na.of B O sx S W Frm mss: 1 � Sate Bata: C}ai8 of 4121105 ' Exterior Type!Rc>af Type; RrCk Total Purchase Pticw °x1.335,000 { 2nd Exterw Type 1 Root Cvr: Terms Sit 1 Assure lnd: DN PMT-SO First Floor f GBA: 5.373 SP 5,373 SP Z fatal Fl"Area; 5.373 SP PMT- INT- PMTS- ' & BALL q Penfsl.1 Shape f No.Rms: 440 Ft Rectangle BALLOON DATE U Mazzartine Area 1 Use: SF Set Z Assume Ind. EBsmt Area t%Fin d W SF Ohs 011/o GBA � PMT- INT- PMTS- S Bsrrtt Use: BALLOON DATE- I ( Ssmt Fin t : SF 0%GBA First Floor Use: RESTAURANT First Flaar SF 1 5,373 SF 100%GSA Casty E"alent Prim, 5.75% $1.325,000 nd+Floor Use: Cash Equivakwt Adj: 2nd+Floor SF 1%: SF 0%GBA LESS.Persortal Property: $0 Tot ON . SF 0%GBA PLUS;Special Asseswwnts. 1nci:N $0 I Cash Eque4alent of Read E $1.325,000 Pro""H 1 Pct: P Unit 100 Per Sq.Ft.TFA.- $248.60 Seowdary Pct; % We Analysis: Pyre Per Sq.Ft.GSA: .80 Ab'C,cvtd�irxsksg PoL• 1£10 "A $pMkkxs 1 tars: Sate Price Per Sq.FL W*Sale Price Psr Sq,Ft.Lt Area: $22:03 &muce pw*wg Sp": Sale 1 Price Per Rosin: Type, Asphalt Multiple T Income Daft: PRIVATE DATA RIAvg Chw Nt. 12.0 Ft' 12Z FT *Statim 1,0 Avg.Finished Ht: 12.0 FT Tom La W Area I TgMra^,. 60,132 SF LEVEL U Laird Area Zon 1 Larne Def Gd: CA F T / s>: N ALL PUBLIC Land BVRafio a Excess Land: 11.19loOne N scMdule: PRIVATE DATA Envirwmerital Ind: Ottw Ammo.*: - Ss:rnrrrsry C+etnrtrsnes» PROPERTY USE.Restaurant MUNICIPALITY MAPLE GROVE CODE 350 0 RC PROJECT NAME:Perkins Restaurant COUNTY HENNEPIN GBA 4964 wo ADDRESS, 11601 North 73rd Avenaae PIN* 26-114-22-42-0007 Seq# 2 RATIO N COMP`f AUDITOR fD: 916147 MULTIPLE PID:N COMMUNITY, NSRHOOD- j--PROPS tW Df=RIPT101 - MARKET DATA, ------ __ .,.__..... ._.._ _. ._......._, Year Scst/Etectave Year BteIK; 1960 1960 Buyer: 11801 73rd Avenue North.L.L,C. i Ci'onst O> tyr Condon'. AV RAE GOOD ( p Setter:. CNL tW Lease F 2003.L.L.C.. E Coast ClaW No,of Bidgs: 0 or Moo S'Skd Pm 1 S"Data Date of Sale.: 12/23/06 E Total �l Purctaase Pne' $1,797,686 � Exterior Type/Root Type: Stucco St�l j 2nd Exterior Type f rear Cvr: T Grsv6 Term Set 1 Assume Ind: ION PMT-$0 First Floor Area/GBA. 4,964 SF 4.964 SF I PMT- lNT- PMTS- Total Fix Area; 4,984 SF BALLOON DATE & Bldg Pertrn I Shape 1 No.Rms: 312 Ft L Shape U Mezzanine Area/Use: SF Set 2 Assurne indi EBsmt Area I° Fin t W SF 0% 0 GSA� PMT- INT= PMTS- S Ssnrt Use:. BALLOON DATE- Bsm1 Fin I SF 0%GSA Firsi Floor Use: Restaurant First Floor SF/flu; 4,964 SF 1 GSA Gash Equivalent Price: 5:"*' $1.797,686 I S 2nd f&aar Use: Cash Equivalent Adr; 2rxl Floor SF t 0°!e G13A LESS.Personal-Property: so j Tat Off Area: SF 0%GSA PLUS ssrnenW Ind:Y SO Cash Equivalent of Real Estate, $1.797.686 Primary gating I Pct; PadLage Unit 100 % Safe Price Per Sq,Ft.TFA. $362.14 Sown Lary HemliinW Pct. % Sala ArartyaarW. Pace Pear Sq,Ft.GSA: $362.14 At Conditimft Pct. 100 9rr Sprtnicl�s/E t00 Sale Price Per Sq:Ft.N A: Garage� S Price Per Sq.Ft.Land Area.:. $14,90.9 Surface P Rawo° 86 44 r Pr Roo n: Padury Surface Type, Asphallt Multiple T N kWAWW Bft F8/An�Ht; 11.0 FT 9.0 FT I t+a�: PRIVATE DATA #Stems; 1-0 1 Avg,Finished Calling Ht: 9.0 FT a Tc4W Larne!Am 1 Topography- 130,661 SF Level UseaW Land Ama. 120.661 Zcwtltag/rand Del Cd; 8 F Tm&ap/ N AN Ptblic EawwwriwItal Concern a9rs/Excess Ind 24.31 to One N � Schedule-. PRIVATE DATA ............._e e10war Anut pt: Sway ccetW""ta: Property had a lotV term lease in place when sale took place. Breyer had an apps"and left that the sale price was an accurate reflection of nuviaet value, Page 2 • -1 . fro • . • PtN 1k:26-119-22-42-0007 seu :2 t-W i PROPERTY USE Restaurant MUNICIPALITY,MINNEAPOLIS CODE 350 C RC 00 PROJECT NAME: COUNTY: HENNEPIN GBA 6031 m ADDRES& 3300 E Lake St PIN* 31-029-23-33-0121 Seq# 2 RATIO Y COMP Y AUDITOR I0: 926151 MULTIPLE PIQ N COMMUNITY Lang NSRHOW 61 -MUM S KA, ,� »I F.r! . _ a i PROPERTY DIESCRIP"t'ION-...... _..._ __ —. MARKET DATA .._. ..,._ .. _ ._ _.. Year Sum Effective Yew 1 ut# 1968 1980 Buyer Pharttous LLC Canst Quattyl Cariarr; avtxao AVERAGE Sealer: Lampfvm,Matthew A Const Classif No-at Btdgs: 1 Sale Data: Mete of Sad: 511511; { Exterw Type I Roof Type: Stucco Flan 1 Testae Purchase I rmw $650,000 2nd Exterior Type I Rant Cvr° &.OW1tp Merrtbrarse [( Temis S Set 1 A,ssur Ind,- ON PMT-SW WO ? I First Floor Area I GBA: 3,921 SE 8,031 SF al Fkeor Arses; PMT- INT- PMTS- Z Tot E BALLOON DATE- E BWg Perim,I Shape I No.Rms_ Ft J$Angles U Ine Area I Use: SF Set 2 Assume Ind: E Bsrnt Arm I°r Fin 1 2,116 SF 0% 35%GBA � � PMT- lNT- PMT - S Bsrnt Use: Steerage BALLOON BATE- Sht Fin I%- SF 0%GSA First Flexor Use: restaurant First Floor SF 1%e 3.921 SF 65%GSA Casa Equivalent Pftw 6.54% SM.000 2nd+Floor Use: Cash Equivalent Adp 2nd+Ftw SF I W, SF 0%GBA LESS:Personal Pmwty: so Tot Oft Area: SF 0 GOA PLUS:. Inca.N $0 Cash Equivalent of Meal Estate: ,000 Prkrwy Heating I Pct- Forced Aar 100 % Price Per S%Ft.TPA,,Sale S000ndary Pct. % sat! A Crait�r4 ,Pa: 13 Artafpal4: Price Per Sq.Ft.GsA: $1U7.d7 Spat 1 E Sale Price Per Sq.Ft.NRA:: I : Pry Per Sq,Ft.Land Area: $34.08 Garage Price Per Room: 27 Parating Surface Type: Asphalt Multiple omit: PRIVATE DATA Ht/Avg Oear HL 12.0 FT FT Avq.Fstirtatad tat. FT TOW Land Area I Topography. 19.070 SF USOSW Land Ares. 19,070 Zoning I Land OW Cd: C1 F T / N { i land ftRatio I Excess Land: 3.16 to One N Schodule: PRIVATE DATA Environ Concern Ind Summry Co n r4wft: Buyer plans do some rsn€od ing and continue to operate as a restaurant_ Property was formerly the U*Quenas Insh Pub'and Prior to that it was an`Ernbers'. Buyer indicated that an appraisal was made pnor to obta n8 new ttnareang. There wawa sorne personal property involved in the forth of restaurant eQuipineat however buyer did not were an estimte of value. Page 2 gaga �. ,, , PIN#7 31-029-23-33-0121 IN 2 { ERIN �'sn RESTAURANTS Brooklyn Center,Minnesota y y' a rr % 2007 Unit ` \ W ARE ..., ., vj 1 Clue Viet - LAND 28,696 12.76 Land $230,000 $8.02 $14.64 Land $185,000 6100 Brooklyn Boulevard GBA 2,249 Building $190,000 $84.48 Building $220,000 34.43-47 and 03-12-90 AGE 1972 Total $420,000 $186.75 Total $405,000 117000 Change 3.70% $14.64 EMV Land Change 1.96% 2 50's Grill LAND 48,476 9.73 Land $420,000 $8.66 $14.23 Land $395,000 5524 Brooklyn Boulevard GBA 4,980 Building $270,000 $54.22 Building $265,000 03-118-21-41-0015 AGE 1968 Total $690,000 $138.55 Total $660,000 Change 4.55% $14.23 EMV/Land Change 3.45% 3 Refs LAND 46,390 7.99 Land $385,000 $8.30 $14.77 Land $380,000 2545 County Road 10 GBA 5,808 Building $300,000 $51.65 Building $318,000 02-118-2131-0049 AGE 1977 Total $685,000 $117.94 Total $698,000 Change -1.86% Change 0.27% 4 IHOP LAND 43,200 10.39 Land $355,000 $8.22 $17.94 Land $355,000 5601 Xerxes Avenue North GBA 4,157 Building $420,000 $101.03 $0.00 Building $420,000 03-118-21.41-0002 AGE 2002 Total $775,000 $186.43 Total $775,000 Change 0.00% Change 0.65% 5 Perkins LAND 51,417 9.52 Land $370,000 $7.20 $10.70 Land $310,000 5915 John Martin Drive GBA 5,400 Building $180,000 $33.33 Building $190,000 02.118-21.12-0011 AGE 1972 Total $550,000 $101.85 Total $500,000 Listed For Sale$800,000 Change 10.00% Change 3.44% 6 Davanni's LAND 38,576 10.33 Land $270,000 $7.00 $14.78 Land $225,000 5937 Summit Dr. GBA 3,734 Building $300,000 $80.34 Building $330,000 02-118-21-12-0009 AGE 1981 Total $570,000 $152.65 Total $555,000 Change 2.70% Change 0.00% 7 Coyote Grille LAND 92,550 12.82 Land $725,000 $7.83 $9.99 Land $725,000 2101 Freeway Blvd. GBA 7,222 Building $200,000 $27.69 Building $212,000 35-119-21-13-0006 AGE 1981 Total $925,000 $128.08 Total $937,000 Vacant Change -1.28.0 Appeal Change 0.00% 8 Denny's LAND 44,431 8.32 Land $346,000 $7.79 $19.38 Land $346,000 6405 James Cir N GBA 5,338 Building $515,000 $96.48 Building $475,000 35-119-21-42-0012 AGE 1996 Total $861,000 $161.30 Total $821,000 Sold 1/2006 $2,057,143 Higher than normal rent Change 4.87% Change -4.65% 9 TGI FRIDAY'S LAND 172,497 25.07 Land $1,175,000 $6.81 $11.59 Land $1,045,000 2590 Freeweay Blvd GBA 6,880 Building $825,000 $119.91 Building $865,000 35-119.21-24-0007 AGE 1996 Total $2,000,000 $290.70 Total $1,910,000 Change 4.71% Change 0.79% i 10 Bridgeman's LAND 49,232 11.80 Land $345,000 $7.01 $11.17 Land $305,000 6201 Brooklyn Blvd. GBA 4,173 Building $205,000 $49.13 Building $230,000 34-119-21.43-0007 AGE 1964 Total $550,000 $131.80 Total $535,000 Sold 3/03$300,000 Not open mrkt Change 2.80% Change 3.88% Includes Office Rental 14 American Legion LAND 31,500 10.45 Land $220,000 $6.98 Land $195,000 6110 Brooklyn Blvd GBA 3,013 Building $250,000 $82.97 Building $262,000 34-119-21.43-0042 AGE 1965 Total $470,000 $155.99 Total $457,000 EFF 2001 Change 2.84% Change 0.00% 15 Culver's Restaurant LAND 45,302 9.98 Land $453,000 $10.00 Land $435,000 6900 Brooklyn Blvd GBA 4,538 Building $495,000 $109.08 Building $495,000 27-119-21-33-0104 AGE 2002 Total $948,000 $208.90 Total $930,000 EFF 2002 Change 1.94% Change 0.00% 16 Applebee's LAND 5878 1.00 Land $48,500 8.25 Land $48,500 1400 Brookdale Center GBA 5878 Building $899,500 153.03 Building $899,500 03-118-21-41-0024 AGE 1997 Total $948,000 161.28 Total $948,000 EFF 1997 Change 0.00.1 Change N/A TOTALS LAND 692,267 Land $5,192,500 $7.50 Land $4,819,500 GBA 57,492 Building $5,469,560 $95.13 Building $5,576,500 Total $10,662,000 $185.45 Total $10,396,000 Note: Additional Misc.Restaurants within shopping centers 2.56% Change 0.38% Excluding Improvements Excluding Impro, LeAnn Chin's @ Cub Shops Center House of Hui's @ Humboldt Square Scoreboard Pizza @ Humboldt Square Panera Bread @ Shingle Creek Center Vitaros Opening in 2002 @ Shingle Creek Center G:ISPREDSHTIAssessoA2007ciaVRestaurant.XLS]2007 Restaurant #1 in Commercial Real Estate Online L00pN@t& $395 Million of properties for sale • 3.2 billion sq. R. of properties for lease • 1.75 million members �r Link directly to this listing or embed it on your websitell More Det Back to Search Results Link http://Iisting.loopnet.Com/1 Embed <script type="text/javas COMMERCIAL RESTAURANT Previous Result 2 of 7 Next COMMERCIAL RESTAURANT J For more information, click to email: Edina Real' 5915 John Martin Drive Herb Bacal (952) 945-3104 Brooklyn Center, MN 55430 County: Hennepin Photos For Sale Active Options Previous Image 1 of 5 Next Property Use Type: Investment Email Listing Primary Type: Retail Restaurant -',° Map /Aerial Building Size: 5,520 SF Lot Size: 1.18 Acres % Demographic! Occupancy: 100.00°10 < � }� Print Summar Price: $750,000 Price/SF: $135.87 �Print ALL Year Built: 1972 El Get Financing Net Lease Investment: Yes Date Last Verified: 3/7/2007 0 Feedback Property ID: 14757765 Free-standing restaurant facility - Click to Enlarge (39 KS) Find Out More... Flag this listing for review Attachments Click here for more information about this property. Additional Information Property Description: Showings through listing agent only with 24 hour notice. A virtual tum-key restaurant opportunity! Most fixtures Included. Max heigh pylon seen from I-494. Tenant to vacate at buyer's convenience. No sign on the property. Seller may help with new financing. Call fo more information, Location Description: Unique Brookdale retail or office situation! Maximum size pylon. Easy access to Hwy 100. Additional Types: Free Standing Bldg No. Stories: 1 Street Retail Cross Streets: Shingle Creek Parkway TaxID/APN: ENN0211821120011 Highlights •85 striped parking spaces Financial Summary Major Tenant Information Debt &Equity Information No Cash Flow Information Provided Tenancy Type: Single No Debt&Equity Information Provided I CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment Walk-in APPLICATION FOR APPEAL Local Board of Appeal and Equalization April 30, 2007, 7:00 P.M. Names) ck {� �' r (S v j Daytime Contact Number: 65 1,;7 70 1 7 7 7 Property Address O S� �cf-j i �d Property Identification Number 2007 Estimated Market Value �. � y d O C) What is the reason for your 2007 assessment appeal? bo(,Cek� JAZLkSe (0j, k ofg b o8' 0© 0 00 �cc r.vlP When did you purchaseyur h me? Date of Purchase ZZZ,2,:?,144 Purchase Price©O o Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost.Ag6& Have you had a recent appraisal for refinancing, ppNhase or a market analysis by a real estate agent completed within the last year? es or No If so, what was the determination of value? What is the 2007 estimated market value that you are requesting? uJer o%_-1 Please provide any documentation supporting your claim of overvaluation or an erroneous classification. in order to appeal your valuation an appointment to view the property will be required. Report Name: Taxpayer Inquiry City Of Brooklyn Center Printed:4/30/2007 Taxpayer Inquiry Page: I DisRlay PID House Nbr Street Name Unit ZiR Code 03-118-21-12-0065 5905 Ewing Ave N 55429 Last Name First Name MI Owner Taxpayer Resident Carlson Larry Y Y Y Frontag Left i e Re r Side RightSide EEf .Width Elf.,DeIth ProRgrij Area Acreage Zonine P/S Exempt Code School Dist Watershed Yr Built 90 0 0 0 108 168 17,144 0.00 R1 0281 14 1955 Year Ver #Subs Land Value Bldg Value Mach Value Tot Mkt Value Tax Cap Hmst id r Rel H P/T %Ow 2007 1 1 60,000 164,000 0 224,000. 2,240 Y N N R 100 N 2006 1 1 58,500 160,000 0 218,500 2,025 Y N N R 100 N 2005 1 1 53,500 125,000 0 178,500 1,761 Y N N R 100 N Lot: 028 Block: 004 Addition: Pearson's Northport 3rd Addition � y i CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment Walk-In APPLICATION FOR APPEAL Local Board of Appeal and Equalization April 30, 2007, 7:00 P.M. Name(s) C- IT GVt C� CN LL 1 'F Daytime Contact Number: 1a - S 3a - 5&9 D Property Address_ (o-70k,y 7—e D a Property Identification Number—,93 - / /9 - oZ/ - / , - D 0 y o2 2007 Estimated Market Value / 90,10D What is the reason for your 2007 assessment appeal? ff FTE2 A TNO,eQOG(G/� >✓J.4.C'rf'�T� e,0 ,k7A4,oe I rVA,1 1� u.vQ.,.a y&Z-_7 amore 7—© X004 When did you purchase y9ur home? Date of Purchase 6 O + Purchase Price $/lv(al., Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. A1^0 Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? es or No If so, what was the determination of value? What is the 2007 estimated market value that you are requesting? / 6S./00 Please provide any documentation supporting your claim of overvaluation or an erroneous classification. In order to appeal your valuation an appointment to view the property will be required. Report Name: Taxpayer Inquiry City Of Brooklyn Centel' Printed: 04/30/2007 Taxpayer Inquiry Page: I Display PID House Nbr Street Name nit i d (±4) 33-119-21-12-0042 6724 Toledo Ave N 55429 Last Name First Name MI Owner TaxRaye Resident Schleif Steve Y Y N Schleif Cheryl Y Y N Frontage Left Side Rear Side Right Side Eff.Width Eff.Depth Proper Area Acreag Zoning PIS Exe pt Code School Dist Watershed Yr Built 75 135 75 135 0 0 10,125 0.00 RI 0279 14 1959 Year Ver # u s Land Value Bldg Value Mach Value Tot Mkt Value Tax Cap Hmstd Midvr Rel H P/T % wn P/C 2007 1 1 58,300 131,800 0 190,100 1,898 N N N R 0 N 2006 1 1 56,800 108,300 0 165,100 1,651 N N N R 0 N 2005 1 1 51,800 109,100 0 160,900 1,607 N N N R 0 N Lot: 003 Block: 005 Addition: Donnay's Brook Lyn Gardens 5th Addition I I r - sh Comparative Market Analysis April 29, 2007 Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis. Active Listings Address Price Bds Bth TFSF $/Sq FSize Built Style List Date DOM S= 4500 Winchester Lane $164,900 3 1 1454 $113 1,090 1958 ONEST 03/27/2007 33 6342 Perry Avenue $172,500 3 1 958 $180 958 1959 ONEST 04/23/2007 6 5313 65Th Avenue $173,900 2 1 1460 $119 958 1958 ONEST 02/26/2007 62 6401 Regent Avenue $184,888 2 1 1985 $93 1,328 1958 ONEST 04/20/2007 9 Averages: $174,047 3.0 1.0 1464 $126 1,084 1958 28 Pending Listings Address Price Bds Sth TFSF $/Sq FSize Built Style Off Market DOM S= 7125 Kyle Avenue $179,900 3 1 1804 $100 1,000 1959 ONEST 04/24/2007 26 Averages: $179,900 3.0 1.0 1804 $100 1,000 1959 26 Sold Listings Address Price Bds Bth TFSF $/Sq FSize Built Style Sold Date DOM S= 6345 Quail Avenue $160,000 3 1 1680 $95 1,080 1958 ONEST 05/26/2006 20 6609 Unity Avenue $140,000 3 1 1124 $125 912 1959 ONEST 07/21/2006 2 5118 Winchester Lane $164,900 3 1 1758 $94 958 1958 ONEST 01/26/2007 8 7119 Lee Avenue $156,000 3 1 1116 $140 996 1958 ONEST 04/20/2007 9 6824 Regent Avenue $167,900 3 1 1445 $116 1,005 1959 ONEST 11/22/2006 156 7206 June Avenue $175,300 2 1 996 $176 996 1959 ONEST 06/09/2006 77 5224 Winchester Lane $163,000 4 1 1640 $99 1,040 1958 ONEST 10/12/2006 53 6425 Marlin Drive $169,900 3 1 1630 $104 1,130 1957 ONEST 11/02/2006 73 7007 Ewing Avenue $181,900 3 1 1000 $182 1,000 1957 ONEST 08/25/2006 15 6806 Regent Avenue $175,000 3 1 1053 $166 1,053 1957 ONEST 12/01/2006 266 5218 70Th Avenue $180,000 3 1 1655 $109 1,000 1959 ONEST 05/19/2006 63 Averages: $166,718 3.0 1.0 1372 $128 1,015 1958 67 Median of Comparable Listings: $171,200 Average of Comparable Listings: $169,374 On Average,the 'Sold' status comparable listings sold in 67.45 days for$166,718 Steven Schleii A Comparative Market Analysis 763-569-569C 4/29/2007 Property Full Report,Single Family Residential,MLS#:3349467 4500 Winchester Lane,Brooklyn Center,MN 55429-1726 s ,p Status:Active aeu ave e ; List Price:$164,900 4500 wl Original List Price:$174,900 aab.4' Map Page:78 Map Coord:A4 sPrn Me it eraakyw/yrssr nr Directions:BROOKLYN BLVD TO 65TH Poll or VA aw w p WEST TO LEE NORTH TO HOME GM Men s ' eiewraw.awerearas..wrru.r. TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1958 Property ID: H3411921230034 Style: (SF)One Story Bedrooms: 3 Tax Year: 2007 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,168 Foundation Size: 1,090 Garage: 2 Assess Bal: 50 Above Ground Finished SgFL 1,090 Ades: 0.23 Tax w/assess: $2,168 Below Ground Finished SaFt: 364 Lot Size:76x13$ Assess Pend: No Total Finished SgFt: 1,454 Fire#: Homestead: Yes List Date:3127/07 Received By MLS:3127/07 Days On Market:33 General Property Information Legal Description: NORTHGATE NORTHGATE LOT 016 BLK 004 County: Hennepin School District: 279-Osseo,763-381-7000 Complex/Dev/Sub: Common Wall:No Restric ions/Covts: Lot Description: Comer Lot Road Frontage: Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Foreclosure needs bank approval.One story with 3 bedrooms on one level,hardwood floors under carpet and almost finished LL Needs TLC.Sold AS IS. Public Remarks: Foreclosure needs bank approval.One story with 3 bedrooms on one level,hardwood floors under carpet and almost finished LL Needs TLC.Sold AS IS. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 11x22 Fuel: Natural Gas Dining Rm Main 9x12 Air Cnd: None Family Rm Lower 14x10 Water: City Water-Connected Kitchen Main 9x13 Sewer: City Sewer-Connected Bedroom 1 Main 11x12 Garage Stalls: 2 Bedroom 2 Main 9x12 Garage Stall#: Bedroom 3 Main 9x12 Bathrooms: Total:1 Full:1 Other Parking: 2 Bedroom 4 Lower 14x16 Pool: None 3/4:0 1/2:0 114:0 Bath Description`. Main Floor Full Bath Dining Room Desc: Separate/Formal Dining Room Family Room Char: Lower Level Fireplaces:0 Fireplace Characteristics: Appliances: None Basement: Finished(Livable),Full Exterior. Brick/Stone,Metal/Vinyl Fencing: None Roof: Age 8 Years or Less,Asphalt Shingles Amenities-Shared: Deck,Patio Amenities-Unit: Deck,Patio Parking Char: Detached Garage Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000'/ Sub-Agent Comp:0% Facilitator Comp:0% Variable Rate: N List Type: Exclusive Right To Sell Owner is an Agent?:No Sellers Terns: Adj.Rate/Gr Payment,Cash,Conventional,Other Existing Fin: Conventional Listing Agent: Judy 1.Truliilo 612.481-8785 - Listing Office: Realty Network,Inc. Appt Phone:612.481-6785 Office Phone:763.493.5363 This Report Prepared By:Steven SchleB 763-669-5690 Information Deemed Reliable But Not Guaranteed.C 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 16 4129/2007 Property Full Report,Single Family Residential,MLS#:3366308 6342 Perry Avenue N,Brooklyn Center,MN 55429-2062 l Status:Active List Price:$172,500 ..h_. %*Cameo u rh defle La MA A"a ,* e it 6342 Perry Original List Price:$172,500 a � �� Map Page:91 Map Coord:E1 Z BUNN,to a „ Directions:Brooklyn Blvd to 83rd West >* a I ; to Perry North to Home. Ataorr Custal : 610*A N TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1969 Property ID: H331192140058 Stvle: (SF)One Story Bedrooms: 3 Tax Year: 2007 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,260 Foundation Size: 968 Garage: 2 Assess Bal: $0 Above Ground Finished SgFt: 958 Acres: 0.24 Tax w/assess: $2,260 Below Ground Finished SgFt 0 Lot Size:75x135 Assess Pend: No Total Finished SgFt: 958 Fire#: Homestead: Yes List Date:4123107 Received By MLS:4126107 Days On Market:6 General Property Information Legal Description: Tract H County: Hennepin School District: 279-Osseo,763-391-7000 Complex/Dev/Sub: Reg.Land Survey No.0755 Common Well:No Restrictions/Covtsi Lot Description: Tree Coverage-Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Corporate owned.Property sold"As Is".Click on attachment for required addendums.Closing to be conducted by seller's closer. Public Remarks: Looking for a quiet neighborhood?Hera Is a rambler with a walkout lower level,hardwood floors,wrap around porch.Price reflects the needed TLC. Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Fuel: Natural Gas Dining Rm Air Cnd: None Family Rm Water: City Water-Connected Kitchen Sewer: City Sewer-Connected Bedroom 1 Garage Stalls: 2 Bedroom 2 Garage Stall#: Bedroom 3 Bathrooms: Total:1 Full:1 Other Parking: Bedroom 3/4:0 1/2:0 1/4:0 Pool: Fireplaces:0 Fireplace Characteristics: Appliances: None Basement: Walkout Exterior: Stucco Roof: Asphalt Shingles Amenities-Unit: Deck Parking Char: Detached Garage Financial Cooperating Broker Compensation Buyer Broker Comp: 3.0000 9t Sub-Agent Comp:0% Facilitator Comp:3.0000% Variable Rate: N List Type: Exclusive Right To Sell Financial Remarks: This Property Is Approved For Express Path Financing.Please Contact Listing Agent 4/30/2007 Property Full Report,Single Family Residential,MLS#:3334529 5313 65th Avenue N,Brooklyn Center,MN 55429-2014 g Mapjon' Status:Active List Price:$173,900 v<a JJ h 5313 65t t1 � Original List Price:$775,800 E Brookyn. asM 14 I Ceoter• Map Page:77 Map Coord:E4 BrookbFn Par" Directions:Hwy 941694 to Cty Rd 81 S. to 63rd Av N.East to Unity.N to corner s3rd atl`" ¢ of 65th. rrrald s►aod � ei°°'°""M"'r°°""a°."^"'°".�'.• TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1868 Property ID: H3311921420056 Style: (SF)One Story Bedrooms: 2 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,008 Foundation Size: 968 Garage: 2 Assess Bal: s0 Above Ground Finished SgFt 868 Acres: 0.26 Tax w/assess $1,883 Below Ground Finished SgFt: 502 Lot Size:90 x 128 Assess Pend: No Total Finished SgFt: 1,460 Fire#: Homestead: Yes List Date:2126107 Received By MLS:2126107 Days On Market:63 General Property Information Legal Description: Donnays Brook Lyn Gardens 2nd Addn Lot 001 BBr 002 County: Hennepin School District: 278.Osseo,763.391.7000 Complex/Dev/Sub: Common Wall:No Restrictions/Covts: Lot Description: City Bus(wAn 6 bike).Comer Lot.Tree,Coverage-Medium Road Frontage: City,Curbs,Paved Streets,Sidewalks Zoning: Residential-Single Accessibility: None Remarks Bent Remarks: Well-kept partially-furnished home(mower negotiable).Shows well.Convert hobby room into a 3rd bedroom and gain instant equityl(has 3 closets,one a walk-in)or LL Into an in-law apartment (has adnl wrkng stove and fridge on LL)1st-time buyers dreamt Public Remarks: Well-kept partially-furnished home on III corner lot,with low-maint exterior,perfectly-placed shade trees and nice landscaping;plenty of storegeAdd@lonai fridge and stove on lower Ievel.Workshop In garage.New kitchen floor,new carpet In hobby rm. Structure Information Room Level Dimen Other Rooms Level Dimon Heat: Forced Air Living Rm Main 20 x 13 Hobby Room Lower 9 x 12. Fuel: Nstu Dining Rm Main 8.6 x 1 Laundry Lower 23 x 13 Air Cnd: Family Rm Lower 23 x 13 Study Lower 7 x 13. Water: Kitchen Main 10 x 15 Sewer. Bedroom 1 Main 11 x 13 Garage Stalls: Bedroom 2 Main 9 x 11 Bedroom 3 Other Parking: Bedroom 4 Pool: 4/30/2007 Property Full Report,Single Family Residential,MLS#:3363347 6401 Regent Avenue N,Brooklyn Center,MN 55429-2030 I. MapP"o'im: Status:Active List Price:$184,888 33 m w.'h't'Lh san AW N loot Regent Original List Price:$184,888 4 are~ Rte... + I Center Hy A!ti Map Page:77 Map Coord:E4 e^ is Directions:Brooklyn Blvd to 63rd Ave, iF Q N West to Scott Ave,North to Eleanor Ln,East to Regent,North to home. or" = � AlrW = a: R .__<.;i. s�mery�i. waaooewao.wrA.nwxn.r�. TAX INFORMATION MLS Area: 363-Brooklyn Comer Year Buik: 1968 Property ID: H3311921420031 Style: (SF)One Story Bedrooms: 2 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,191 Foundation Size: 1,328 Garage: 2 Assess Bal: $0 Above Ground Finished SgFt: 1,328 Acres: 0.28 Tax w/assess: $2,191 Below Ground Finished SgFt: 657 Lot Size:75xl56x76xl60 Assess Pend: No Total Finished SgFt: 1.885 Fire$: Homestead: Yes List Date:4120107 Received By MLS:4/20/07 Days On Market:10 General Property Information Legal Description: Donnays Brook Lyn Gardens Lot 16 Blk 3 County: Hennepin School District: 279-Osseo,763-391.7000 Complex/Dev/Sub: Donnays Brook Lyn Gardens Common Wall:No Restrictions/Covts: Lot Description: Tree Coverage-Light Road Frontage: City,Paved Streets Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Commission not paid on any seller paid closing costs for buyer.•Electric fireplace In living room does not stay.Fireplace In lower level only decorative. Public Remarks: You and your buyers will love this well kept rambler.Fabulous(21 x 16)family room on main level with lots of windows&fireplace.This family room walks out to large(24 x 19)patio.Beautiful hardwood floors.LL offers 2nd family room.Shows well. Structure Information Room Level Dimen Other Rooms Level Dimon Heat: Forced Air Living Rm Main 23x12 Amusement Room Lower 20x13 Fuel: Natural Gas Dining Rm Main 11x11 Patio Main 24x19 Air Cnd: Central Family Rm Main 21x14 Recreation Room Lower 21x10 Water: City Water-Connected Kitchen Main 16x9 Sewer: City Sewer Connected Bedroom 1 Main 13x12 Garage Stalls: 2 Bedroom 2 Main 10x10 Garage Stall$: Bedroom 3 Bathrooms: Total:1 Full:1 Other Parking: Bedroom 4 314:0 1/2:0 1/4:0 Pool Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen,Separate/Formal Dining Room Family Room Char: 2 or More,Lower Level,Main Level Fireplaces:1 Fireplace Characteristics:Family Room,Wood Burning Appliances: Cooktop,Dishwasher,Dryer,Exhaust Fen/Hood,Range,Refrigerator,Washer,Water Softener- Owned Basement: Finished(Livable),Full Exterior: Other,Shakes Fencing: Chain Link Roof: Age 8 Years or Less,Asphalt Shingles Amenities-Unit: Hardwood Floors,Kitchen Window,Patio,Security System Parking Char Detached Garage,Driveway-Asphalt Financial Cooperating Broker Compensation - Buyer Broker Comp: 3.0% Sub-gent Comp:0% Facilitator Comp:0% Variable Rate: N List Type: Exclusive Right To Sell Owner is an Agent?:No Sellers Terms: Cash,Conventional,OVA,FHA Existing Fin: Listing Agent: Joseph A Huseby 612.636-9626 Listing Office: Edina Realty,Inc. Appt Phone:763-315-5560 Office Phone:763-315.6500 Co-List Agent: Linda J.Huseby 763.315-5645 This Report Prepared By:Steven Schleii 763-569.5690 Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3350792 7125 Kyle Avenue N,Brooklyn Center,MN 55429 MapY Status: Pending Park M�e Park erookhw•Par List Price:$179,900 7125 Kyle Original List Price:$179,900 7ur Ana Map Page:78 Map Coord:A3 Directions:Noble to Woodbine,East to : Wooktye it Kyle,South to home 8 '.,1]a' 69th Am 14 -. 'Wool-.' e2 ""'ea.w„'""w'."'' TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1959 Properly ID: H2711921320084 Style: (SF)One Story Bedrooms: 3 Tax Year. 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,192 Foundation Size: 1,000 Garage: 2 Assess Bal: $0 Above Ground Finished SgFt: 1,040 Acres: 0.00 Tax w/assess: $2,192 Below Ground Finished SgFt: 764 Lot Size:E73x128x85x124 Assess Pend: No Total Finished SgFt: 1,804 Fire If: Homestead: Yes List Date:3129107 Received By MLS:3/29107 Days On Market:26 Off Market Date: 04/24/2007 Selling Agent Cheryl M Martin Projected Close Date: 6129107 Selling Office:Edina Reeky,Inc. Date Closed General Property Information Legal Description: Lot 9,Blk 2 Northbrook manor 3rd Addn County: Hennepin School District: 279.Ossso,763491-700 Complex/Dev/Sub: Common Wall:No Restrictions/Covts: Lot Description: Tree Coverage-Medium Road Frontage: City,Curbs Zoning: Residental-Single Accessibility: Unspecified Remarks Agent Remarks: Price for fast sale.Quick possession possible.Seller are very motivated 3 will look at any reasonable offer.3 egress windows In basement.Quiet location with great backyard. Public Remarks: Over 1800 FSF of well cared for home.Walkout to Wx18 patio,hardwood floors,fireplace b formal dining room.New:roof 06,basement remodeled 06 6 electrical service 06,carpet 06. Great neighborhood,nearby parks 8 schools.3 egress windows in basement Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 21x12 Fuel: Natural Gas Dining Rm Main 11x9 Air Cnd: Central Family Rm Lower 36x11 Water: City Water-Connected Kitchen Main 11X15 Sewer: City Sewer-Connected Bedroom 1 Main 11x13 Garage Stalls: 2 Bedroom 2 Main 11x10 Garage Stall t: Bedroom 3 Lower 11x28 Other Parking: Bathrooms: Total:1 Full:1 Bedroom 4 3/4:0 112:O 1/4:0 Pool: None Bath Description: Main Floor Full Beth Dining Room Desc: Eat In Kitchen,Separate/Formal Dining Room Family Room Char: Lower Level Fireplaces:1 Fireplace Characteristics:Living Room Appliances: Cooktop,Dryer,Exhaust Fan/Hood,Refrigerator,Wail Oven,Washer Basement: Egress Windows,Full Exterior: Brick/Mons,Shakes,Wood Fencing: Partial Roof: Age 8 Years or Less,Asphalt Shingles Amenifies-Unit: Hardwood Floors,Kitchen Window,Natural Woodwork,Patio,Washer/Dryer Hookup Parking Char: Detached Garage,Driveway-Concrete Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7% Sub-Agent Comp:2.7% Facilitator Comp:2.7% Variable Rate: N List Type: Exclusive Right To Sell Owner is an Agent?:No Sellers Terns: Cash,Conventional,DVA,FHA Existing Fin: Conventional Listing Agent: Mark Fischer 763-238.8164 Listing Office: Edina Really,Inc. Appt Phone:763-7644700 Office Phone:763.756-1300 This Report Prepared By:Steven Schietf 763-569-6690 Information Deemed Reliable But Not Guaranteed.©2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3186397 6345 Quail Avenue N,Brooklyn Center,MN 55429-2065 Mapjran: Status:Sold 6Wh Age N Will An N List Price:$149,900 ` nlnd."Ln Wixhete Ln .k • 69h A@.N 1 L° Sold Price:$160,000 6345 Quail ° $ Original List Price:$149,900 s i Brooklyn m writ Aye N canter &w#m N Map Page:77 Map Coord:E4 awdrr ui Directions:BROOKLYN BLVD GO LEFT TO 65 R TO QUAIL TURN LEFT c ry> s txyaal a `�0B6W"'°��OP00""n0w^1ODi"° TAX INFORMATION MLS Area: 363-Brooklyn Center Year Buiit: 1866 Property ID: H3311921410120 Style: (SF)One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $1,860 Foundation Size: 1,080 Garage: 2 Assess Bal: $0 Above Ground Finished SgFt: 1,080 Acres: 0.00 Tax w/assess: $2,242 Below Ground Finished SgFt: 600 Lot Size:75X125 Assess Pend: Unknown Total Finished SgFt 1,680 Fire#: Homestead: Yes List Date:4118/06 Received By MLS:4118/06 Days On Market:20 Oki Market Date: 0610812006 Selling Agent:Audra Reitz Proiected Close Date: 6126106 Selling Office:REIMAX Results Date Closed: 5/26106 General Property Information Legal Description: LOT 26 BLK 2 DONNAY'S BROOKLYN GARDENS County: Hennepin School District: 279-Ossoo,763391-7000 Complex/Dev/Sub: Common Wall:No Restrictions/Covts: Lot Description: Road Frontage: Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: BANK OWNED PROPERTY,SOLD AS IS. PLEASE REVIEW SUPPLEMENT BEFORE CALLING OR SUBMITTING OFFERS. NEEDS SOME WORK BUT LOTS OF POTENTIAL AT THIS PRICEI Public Remarks: GREAT PRICE ON THIS RAMBLER. A LITTLE TLC AND THIS COULD BE A GEMI HARDWOOD FLOORS UNDER CARPET,LARGE 2 CAR GARAGE. SOLD AS IS. Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 22 x 14 Fuel: Natural Gas Dining Rm Main 12 x 10 Air Cnd: Window Family Rm Lower 24 x 11 Water. City Water-Connected Kitchen Main 16 x 10 Sewer: City Sewer-Connected Bedroom 1 Main 13 x 11 Garage Stalls: 2 Bedroom 2 Main 11 x 10 Garage Stall#: Bedroom 3 Lower 13 x 11 Other Parking: 0 Bedroom 4 Bathrooms: Total:1 Full:1 Pool: 314:0 1/2:0 1/4:0 Bath Description: Basement,Main Floor Full Bath Dining Room Desc: Eat In Kitchen,Separate/Formal Dining Room Family Room Char: Family Room Fireplaces:0 Fireplace Characteristics: Basement: Full Exterior: Hardboard/Masonite Amenities-Unit: Hardwood Floors Parking Char Detached Garage Financial Cooperating Broker Compensation Buyer Broker Comp: 3.00% Sub-Agent Comp:3.00% Facilitator Comp:3.00% Variable Rate: N List Type: Exclusive Right To Soil Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $128,000 Seller Contribution: $0 Owner is an Agent?:No Sellers Terms: Cash,Conventional Existing Fin: Free and Clear Listing Agent: Anqela Larson 651-203.1787 Listing Office: Keller Williams Integrity RE Appt Phone:651-203-1750 Office Phone:651-203-1700 This Report Prepared By:Steven Schielf 763.569-5690 Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4130/2007 Property Full Report,Single Family Residential,MLS#:3205283 6609 Unity Avenue N,Brooklyn Center,MN 55429-1635 I gip : Status:Sold List Price:$154,900 e 60 k Sold Price:$140,000 56o9,unity Original List Price:$154,900 Center Map Page:111 Map Coord:E1 Broskhm park Eblh Ave l4 MR N- - Directions:CTY 81 TO 63RD AVE y6 Pad u NORTH TO UNITY LEFT TO HOME ON ¢ R LEFT Barmy La s . 63rd Ave N TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1969 Property ID: H3311921130075 Style: (SF)One Story Bedrooms: 3 Tax Year: 2005 Const Status: Previously Owned Total Baths: 1 Tax Amt: $1,761 Foundation Size: 912 Garage: 2 Assess Bal: s0 Above Ground Finished SQFt: 924 Acres: 0.00 Tax w/assess: $1,761 Below Ground Finished SQFt 200 Lot Size:COMMON Assess Pend: Unknown Total Finished SgFt: 1,124 Fire#: Homestead: Yes List Date:5118106 Received By MLS:6120106 Days On Market:2 Off Market Date: 06/21/2006 Selling Agent:Emie Harpster Projected Close Date: 6130106 Selling Office:Counselor Realty,Inc Date Closed: 7121106 General Property Information Legal Description: LOT 35,BLK 1 CONNAYS BROOKLYN GARDENS 4TH ADDN County: Hennepin School District: 279-Osseo,763-391-7000 Complex/Dev/Sub: Common Wall:No Restrictions/Covts: Lot Description: Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: NEEDS SOME WORK.CURRENTLY LOOKS LIKE IT DID WHEN BUILT,JUST USED OLDER STUFF, BEING SOLD TO SETTLE ESTATE OF ORIGINAL OWNER.DOES HAVE ALMOST NEW FURNACE AND CENTRAL AIR.ROOF APPROX 16 YRS OLD. Public Remarks: -THIS HOME SOLD BEFORE PRINT*HOME WAS BEING SOLD TO SETTLE ESTATE OF ORIGINAL OWNER,HAS HARD WOOD FLRS UNDER ORIGINAL OR VERY OLD CARPET.ORIGINAL KITCHEN R BATH.SOME FINISHING IN BSMT DONE.OVERLOOKS SCHOOL PLAY GROUND IN BACK YD. Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Fuel: Natural Gas Dining Rm Air Cnd: None Family Rm Water: City Wate Connected Kitchen Sewer: City Sews Connected Bedroom 1 Garage Stalls: 2 Bedroom 2 Garage Stall#: Bedroom 3 Bathrooms: Total:1 Full:1 Other Parking: 2 Bedroom 4 3/4:0 1/2:0 1/4:0 Pool. Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen Family Room Char. Lower Level Fireplaces:0 Fireplace Characteristics: Appliances: Cooktop,Dryer,Exhaust Fan/Hood,Refrigerator,Wall Oven,Washer,Water Softener-Owned Basement: Full Exterior: Wood Fencing: Wire Roof: Age 8 Years or Less,Asphalt Shingles Amenities-Unit: Hardwood Floors,Washer/Dryer Hookup Parking Char: Detached Garage,Driveway-Asphalt Financial Cooperating Broker Compensation Buyer Broker Comp: 2.70% Sub-Agent Cone:0.00% Facilitator Comp:0.00% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $120,000 Seller Contribution: $1,500 Financial Remarks: New Finance Oniyt Owner is an Agent?:No Sellers Terms: Cash,Conventional Existing Fin: Free and Clear Listing Agent: Ernie Harpster 612.366-5798 Listing Office: Counselor Realty,Inc Appt Phone:763516.2451 Office Phone:763.420-7080 This Report Prepared By:Steven SchleH 763569-6690 Information Deemed Reliable But Not Guaranteed.©2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/3012007 Property Full Report,Single Family Residential,MLS#:3309044 5118 Winchester Lane,Brooklyn Center,MN 55429 * I MapMnn Status:Sold seas An a t List Price:$164,900 AW k Sold Price:$164,900 e 5118 wlncheste m Original List Price:$164,900 >�Broautyn VA carder Map Page:77 Map Coord:E4 V AN- x Pd w Directions:Brooklyn Blvd to 63rd Ave s " I ,West to Unity,North to Winchester, kA k "°'U * .s s East to home. C"rj A and 1govsiN""'�m1°06N1'0"'e'°D1110 TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1968 Property ID: H3311921130026 Style: (SF)One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,104 Foundation Size: 968 Garage: 2 Assess Bel: $0 Above Ground Finished SgFt: 968 Ass: 0.00 Tax w/assess: $2,104 Below Ground Finished SgFt: 800 Lot Size:80x118 Assess Pend: No Total Finished SgFt: 1,768 Fire 9: Homestead: Yes List Date:112107 Received By MLS:114107 Days On Market:8 Off Market Date: 01/1012007 Selling Agent:Tara M.O'Brien Proiected Close Date: 1126/07 Selling Office:RHS Realty Date Closed: 1/26107 General Property Information Legal Description: Donnays BrookLyn Gardens 3rd Addn LotS Block 003 County: Hennepin School District: 279-Osseo,763-391-7000 ComplexlDev/Sub: Common Wall:No Restric ions/Covts: Lot Description: Tree Coverage-Medium Road Frontage: City,Paved Streets Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Corporate owned.Property sold"AS IS".Required addendum;on supplements.Closing to be conducted by sellers closer. Public Remarks: Great Opportunitylll This Is for all.1st time home owners or investors not afraid of a little work! Needs TLC-on quiet street.Express path financing available.Some rehab started,egress window,bay window,patio door.-Hurry on this onel Structure Information Room Level Dimon Other Rooms Level Dimen Heat: Forced Air Living Rm Main 20x13 Laundry Lower 15x9 Fuel: Natural Gas Dining Rm Main 12x9 Air Cnd: Central Family Rm Lower 13x20 Water: City Water-Connected Kitchen Main 17x10 Sewer: City Sewer-Connected Bedroom 1 Main 11x13 Garage Stalls: 2 Bedroom 2 Main 17x11 Garage Stall#: Bedroom 3 Lower 13x8 Other Parking: Bathrooms: Total:! Full:1 Bedroom 4 Pool: None 314:0 1/2:0 1/4:0 Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen,Separate/Formal Dining Room Family Room Char: Lower Level Fireplaces:0 Fireplace Characteristics: Appliances: None Basement: Finished(Livable),Full Exterior: Wood Fencing: Chain Link,Wire Roof: Asphalt Shingles Amenities-Unit-. Deck,Kitchen Window,Washer/Dryer Hookup Parking Char: Detached Garage,Driveway-Asphalt Financial Cooperating Broker Compensation Buyer Broker Comp: 3.00% Sub-Agent Comp:0.00% Facilitator Comp:3.00% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $131,920 Seller Contribution: $0 Financial Remarks: This Property Is Approved For Express Path Financing.Please Contact Listing Agent For More Info. Owner is an Agent?:No Sellers Terms: Adj.Rate/Or Payment,Cash,Conventional,DVA,FHA,Special Funding Existing Fin: Free and Clear Listing Agent: Steve Kraft 612.701-6924 Listing Office: Counselor Realty Appt Phone:763-792-7080 Office Phone:763.786-0600 This Report Prepared By:Steven Schleif 763-669-6690 Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3349451 7119 Lee Avenue N,Brooklyn Center,MN 55429 M area MapjrorY Status:Sold sroskaele List Price:$165,900 Broakba park PNk T I Sold Price:$156,000 7119 Lee Original List Price:$165,900 jai''fr $ rlrr He a Map Page:78 Map Coord:A3 Brooklion Directions'Brooklyn Blvd to 69th,east C d to France,north to 71 at,west to home TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1956 Property ID: M2711921320029 Style: (SF)One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: 52,406 Foundation Size: 996 Garage: 2 Assess Bal: s0 Above Ground Finished SgFL 995 Acres: 0.00 Tax w/assess: $2,406 Below Ground Finished SgFt: 120 Lot Size:75x136 Assess Pend: Unknown Total Finished SgFt: 1,1te Fire#: Homestead: No List Date:3126107 Received By MLS:3/27107 Days On Market:9 Off Market Date: 04/04/2007 Selling Agent:Kate Murphy Proiected Close Date: 4120107 Selling Office:Edina Realty,Inc. Date Closed: 4120107 General Property Information Legal Description: Lot 12 Block 2 Northbrook Manor 2nd Addn County: Hennepin School District: 279.-Osseo,763-391-7000 ComplexlDev/Sub: Common Wall:No Restrictions/Covts: Lot Description: Road Frontage: Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Sold before print Public Remarks: Sold before print Structure Information Room Level Dimon Other Rooms Leval Dimon Heat: Forced Air Living Rm Main 21x11 Fuel: Natural Gas Dining Rm Main 12x9 Air Cnd: Central Family Rm Water: City Water-Connected Kitchen Main 8x8 Sewer: City Sewer-Connected Bedroom 1 Main 11x13 Garage Stalls: 2 Bedroom 2 Main 11x11 Garage Stall#: Bedroom 3 Lower 12x10 Other Parking: Bathrooms: Total:l Full:1 Bedroom 314:0 112:0 1/4:0 Pool Fireplaces:0 Fireplace Characteristics: Basement: Full Exterior: Stucco,Wood Parking Char: Detached Garage Financial Cooperating Broker Compensation Buyer Broker Comp: 3.15% Sub-Agent Comp:0% Facilitator Comp:0% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $156,000 Seller Contribution: $3,000 Owner is an Agent?:No Sellers Terms: Existing Fin: Listing Agent: Stephen P.Varichak 763-574-6969 Listing Office: Coldwell Banker Burnet Appt Phone:763.574.6960 Office Phone:763.574.2000 This Report Prepared By:Steven Schletf 763-569-5690 - Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3223475 6824 Regent Avenue N,Brooklyn Center,MN 55429-1662 Map piny Status:Sold List Price:$169,900 Sold Price:$167,900 CL Go A.„7 5820 Regent Original List Price:$159,900 € centw Map Page:77 Map Coord:E4 Directions:BROOKLYN BLVD TO 69TH m AVENUE,WEST TO REGENT,SOUTH 33 TO HOME. 60 AN N LA bewelYwsrc«riaooaw�to.wArYOt,r. 65MIweN TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1968 Property ID: H3311921110091 Style: (SF)One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $1,809 Foundation Size: 1,005 Garage: 2 Assess Bal: s0 Above Ground Finished SgFt: 1,005 Acres: 0.23 Tax w/assess: $1,809 Below Ground Finished SgFt: 440 Lot Size:76X134 Assess Pend: Unknown Total Finished SgFI 1,445 Fire 0: Homestead: Yes List Date:6122106 Received By MLS:8/22106 Days On Market:156 Off Market Date: 1112412006 Selling Agent:Judith A Marehik Protected Close Dale: 11/22/06 Selling Office:RE/MAX Results Date Closed: 11/22/06 General Property Information Legal Description: LOT 4 BLOCK 1 NORDSTROMS TERRACE County: Hennepin School District: 279-Osseo,.763-3$1-7000 Complex/Dev/Sub: Common Wall:No Restrictions/Covts: Lot Description: Tree Coverage-Medium Road Frontage: City,Paved Streets Zoning: Residential-Single Accessibi ity: None Remarks Agent Remarks: Perfect home for anyone looking for a little fixer-upped Home is going through short sale.All offers subject to bank approval.Bring ALL ofrersalkrw 1-2 weeks for offer confirmation from bank.Agents to verify all Info."AS4S”Addendum required. Public Remarks: Perfect home for the handyman or first time home buyer looking for a little fixer-upped Nice home in quiet neighborhood.Nice sized living room,house needs a little TLC.Priced below market value,don't pass this one upl Structure Information Room Level Dimon Other Rooms Level Dlmen Heat: Forced Air Living Rm Main 13X22 Fuel: Natural Gas Dining Rm Main 7X11 Air Cnd: Central Family Rm Lower 12X20 Water. City Water-Connected Kitchen Main 7X11 Sewer: City Sewer-Connected Bedroom 1 Main 9X12 Garage Stalls: 2 BedfOom 2 Main 9X10 Garage Stall#: Bedroom 3 Main 9X10 Bathrooms: Total:1 Full:1 Other Parking: 0 Bedroom 4 3/4:0 112:0 1/4:0 Pool Bath Description: Main Floor Full Bath Dining Room Desc: Kitchen/Dining Room Family Room Char: Lower Level Fireplaces:0 Fireplace Characteristics: Appliances: Dryer,Range,Refrigerator,Washer Basement: DayllghULookout Windows,Drain Tiled,Full Exterior. Shakes Fencing: Chain Link Roof: Age 8 Years or Less,Asphalt Shingles Amenities-Unit: Hardwood Floors,Kitchen Window,Washer/Dryer Hookup Parking Char: Detached Garage,Driveway-Asphait Financial Cooperating Broker Compensation Buyer Broker Comp: 2.50% Sub-Agent Comp:0.00% Facilitator Comp:0.00% Variable Rate: N - List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $166,900 Seller Contribution: $0 Owner is an Agent?:No Sellers Terns: Adj.Rate/Gr Payment,Cash,Conventional,OVA,FHA Existing Fin: Conventional Listing Agent: Jon D.Pennington 612-360-0815 Listing Office: RE/MAX Alliance Appt Phone:866-276-6321 Office Phone:651-379.1000 This Report Prepared By:Steven Schleif 763.569-6690 Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.Al Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3147119 7206 June Avenue N,Brooklyn Center,MN 55429-1325 I Mapjra •• Status:Sold &ook"Pork List Price:$174,000 / Br~park Sold Price:$175,300 nweom K In a I'7206 June Original List Price:$189,900 Map Page:78 Map Coord:A4 _ 4V was a >� Directions:Brooklyn Blvd.to Noble, ccente_= y east to Woodbine,east to June and r south to home 761; Lkhm Ain N 60 Ave N svoasw.warcweaeo�wreo.wioo�.ee. TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1069 Property ID: H2711921310117 Style: (SF)One Story Bedrooms: 2 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,057 Foundation Size: 996 Garage: 2 Assess Bat: s0 Above Ground Finished SgFt: 996 Acres: 0.00 Tax w/assess: $2,067 Below Ground Finished SgFt 0 Lot Size:74x125x80x125 Assess Pend: Unknown Total Finished SgFt: 996 Fire#: Homestead: Yes List Date:216106 Received By MLS:21/06 Days On Market:77 Off Market Date: 06/22/2006 Selling Agent:Brian T.Werth Protected Close Date: 6116/06 Selling Office:Star City Realty .Date Closed: 61916 General Property Information Legal Description: Lot 21,Block 3 Northbrook Manor 4th Addn. County: Hennepin School District: 279-Osseo,.763391-TWO Complex/Dev/Sub: Northbrook Manor Common Wall:No Restrictions/Covls: Lot Description: Tree Coverage-Light Road Frontage: City Zoning: Residentlal-Single Accessibility: None Remarks Agent Remarks: Wonderfully maintained one-owner home.Unfinished basement ready for future addn.Oversized 2-car detached garage.Good-sized master bedroom.Dining room possible third bedroom if converted.AON Warranty Included. Public Remarks: Meticulously maintained rambler,original owner.Formal dining room could be converted to 3rd bedroom.Home boasts an oversized 2-car garage a chain link fencing.Basement unfinished 6 open)Don't miss this onel AON Warranty provldedl Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 19x11 Laundry Main 11x8 Fuel: Natural Gas Dining Rm Main 10x9 Air Cnd: Control Family Rm Water. City Water-Connected Kitchen Main 8x6 Sewer: City Sewer-Connected Bedroom Main 13x11 Garage Stalls: 2 1 g Bedroom 2 Main 11x10 Garage Stall#: Bedroom 3 Bathrooms: Total:1 Full:1 Other Parking: Bedroom 4 3/4:0 1/2:0 1/4:0 Pool: Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen,Separate/Formal Dining Room Fireplaces:0 Fireplace Characteristics: Appliances: Cooktop,Dryer,Electronic Air Filter,Refrigerator,Wall Oven,Washer,Water Softener-Rented Basement: Full Exterior: Shakes Fencing: Chain Link,Wire Roof: Age Over 8 Years,Asphalt Shingles Amenities-Unit: Hardwood Floors,Kitchen Window,Natural Woodwork,Washer/Dryer Hookup Parking Char: Detached Garage Special Search: Main Floor Bedroom Financial Cooperating Broker Compensation Buyer Broker Comp: 2.70% Sub-Agent Corm:0.00% Facilitator Comp:2.70% Variable Rate: - N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $175,300 Seiler Contribution: $0 Financial Remarks: Any New Owner is an Agent?:No III Sellers Terms: Cash,Conventional Existing Fin: Free and Clear Listing Agent: Darlene C.Tucker 612-720-8020 Listing Office: Coldwell Banker Burnet Appt Phone:763.574-6960 Office Phone:763.574-2000 This Report Prepared By:Steven Schleif 763.569-5690 Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3241774 5224 Winchester Lane,Brooklyn Center,MN 55429-1643 6 ae n !m: Mappoinr Status:Sold A*N List Price:$174,900 L r N Sold Price:$163,000 y °94 T 5224 Wlneh�� Original List Price:$174,900 v. $ Brooklyn Coder Map Page:78 Map Coord:A4 s A a5N1 Ale N Mh Ave N 'Ar ♦ eroolr8ar p Directions:694 to Cty 81 S to 63rd E to --lsalM pork Unity N to Winchester Ln E to home >a- 63rd Arct3e.w In on the right a cr,*W Airport snide N "' "' ""* o2msak.,wa�eaox wreo.w�.wf.e,. ,.. TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1958 Property ID: H3311921130019 Style: (SF)One Story Bedrooms: 4 Tax Year: 2005 Const Status: Previously Owned Total Baths: 1 Tax Amt $1,776 Foundation Size: 1,040 Garage: 2 Assess Bal: $0 Above Ground Finished SgFt: 1,040 Apes: 0.22 Tax w/assess: $1,778 Below Ground Finished SgFt 600 Lot Size:80 x 118 Assess Pend: No Total Finished SgFt: 1,640 Fire#: Homestead: yes List Date:7127106 Received By MLS:7127106 Days On Market:53 Off Market Date: 09/18/2006 Selling Agent:Christopher P.Brown Projected Close Date: 912SMS Selling Office:ZlpRealty,Inc Date Closed: 10/12106 General Property Information Legal Description: Donnays Brooklyn Gardens 3rd Addition Lot 21 Bik 3 County: Hennepin School District: 279-Osseo,763491-7000 Complex/Dev/Sub: Common Wall:No Restrictions/Covts: Lot Description: City Bus(wAn 6 biks),Tree Coverage-Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: E-Z TO SHOW,GREAT BUY FOR THE PRICE.NEWER SIDING 04,KITCHEN FLOOR 02,REFINISH HWF. 06,DRIVEWAY 03,NEWER FRIGE 6 STOVE,NEWER ELECTRICAL BOX 02.NICE BACK YARD.TWO ROOMS IN BASEMENT NOT CONFORMING. Public Remarks: EZ TO SHOW,GREAT BUY FOR THE PRICE.NEWER SIDING 04,KITCHEN FLOOR 02,REFINISH HWF. 06,DRIVEWAY 03,NEWER FRIGE 3 STOVE,NEWER ELECTRICAL BOX 02.NICE BACK YARD.TWO ROOMS IN BASEMENT NOT CONFORMING. Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 13x21 Patio Main 10x20 Fuel: Natural Gas Dining Rm Main 12x8 Air Cnd: Wall Family Rm Water: City Water-Connected Kitchen Main 16x7 Sewer: City Sewer-Connected Bedroom 1 Main 9x11 Garage Stalls: 2 Bedroom 2 Main 11x14 Garage Stall 8: Bedroom 3 Lower 12x12 Other Parking: Basement 12x13 Bathrooms: Total:t Full:1 Bedroom 4 314:0 1/2:0 1/4:0 Pool Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen Fireplaces:0 Fireplace Characteristics: Appliances: Dryer,Exhaust Fan/Hood,Range,Refrigerator,Washer,Water Softener-Owned Basement: Daylight/Lookout Windows,Full Exterior: Other,Shakes Fencing: Chain Link Roof: Asphalt Shingles Amenities-Unit: Hardwood Floors,Local Area Network,WasherlDryer Hookup Parking Char: Detached Garage,Garage Door Opener Financial Cooperating Broker Compensation Buyer Broker Comp: 3.00% Sub-Agent Comp:0.00% Facilitator Comp:0.00% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $130,400 Seller Contribution: $0 Owner is an Agent?:No Sellers Terms: Cash,Conventional,FHA Existing Fin: Listing Agent: Rodolfo A.Trujillo 612.384-7493 Listing Office: RE/MAX Casas-Homes Realty,Inc Appt Phone:612.728-5448 Office Phone:612-7284MU This Report Prepared By:Steven Schleif 753-569-5690 Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3231978 6425 Marlin Drive,Brooklyn Center,MN 55429-2162 00 A.N Mapl l* Status:Sold kS� » 33 List Price:$179,900 II 33 42! earl,Ave it Sold Price:$169,900 - wicheger In ]]5425 Marlin 6%we N !1 Original List Price:$189,900 � Map Page:78 Map Coord:A4 � � Directions:Brooklyn Blvd to 85th Ave +� 631d eve a N,West to Marlin Drive,South to N = home 'o 6111111 Aw a .. 4 TAX INFORMATION MLS Area: 363-Brooklyn Comer Year Built: 1867 Property ID: H3411921310070 Style: (SF)One Story Bedroom: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,166 Foundation Size: 1,130 Garage: 2 Assess Bal: $0 Above Ground Finished.SgFt: 1,130 Acres: 0.24 Tax Wassess: $2,166 Below Ground Finished SgFE 600 Lot Size:76040 Assess Pend: No Total Finished SgFt: 1,630 Fire#: Homestead: Yes List Date:7 110/06 Received By MLS:7110106 Days On Market:73 Off Market Date: 09/2012 Selling Agent:Patrick K.McDonald Proiected Close Date: 11/2106 Selling Office:Coldwell Banker Burnet Date Closed: 1112106 General Property Information Legal Description: Lot 7 Block 9 Northgate County: Hennepin School District: 278-Osseo 763-381-7000 Complex/Dev/Sub: Common Wait:No Restrictions/Covts: Lot Description: Tree Coverage-Medium Road Frontage: City,Paved Streets Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Three bedroom rambler with gleaming hardwood floors,formal dining room and finished lower level with amusement room,den and hobby room.Oversized double garage.Move-In condition. Public Remarks: Three bedroom rambler with gleaming hardwood floors,formal dining room and finished lower level with amusement room,den and hobby room.Oversized double garage.Movedn condition. Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 13x22 Den Lower 11x12 Fuel: Natural Gas Dining Rm Main 12x8 Hobby Room Lower 11x11 Air Cnd: Central Family Rm Recreation Room Lower 12x14 Water. City Water-Connected Kitchen Main 9x13 Sewer: City Sewer-Connected Bedroom 1 Main 12x13 Garage Stalls: 2 Bedroom 2 Main 9x11 Garage Stall#: Bedroom 3 Main 9x12 Other Parking: Bathrooms: Total:I Full:1 Bedroom 4 3/4:0 1/2:0 1/4:0 Pool: None Bath Description: Main Floor Full Bath Family Room Char. Lower Level Fireplaces:0 Fireplace Characteristics: Appliances: Dishwasher,Exhaust FaNHood,Range,Refrigerator Basement: Finished(Livable),Full Exterior: MetalNinyl Roof: Asphalt Shingles Amenitles-Unit: Hardwood Floors,Kitchen Window,Local Area Network,Natural Woodwork,Patio, Washer/Dryer Hookup Parking Char: Detached Garage,Garage Door Opener Special Search: 3 SR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.70% Sub-Agent Comp:0.00% Facilitator Comp:2.70% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $161,405 Seller Contribution: $0 Owner is an Agent?:No Sellers Terms: Cash,Conventional,DVA,FHA Existing Fin: Listing Agent: Karen J Lindemoen 952-885-6262 Listing Office: Coldwell Banker Burnet Appt Phone:952485.6280 Office Phone:9524844.6000 Co-List Agent: Denny Lindemoen 962.886-6262 This Report Prepared By:Steven SchleK 763569-5690 Information Deemed Reliable But Not Guaranteed.©2007 Regional MLS of Minn.,Inc.Ali Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLStf:3240322 7007 Ewing Avenue N,Brooklyn Center,MN 55429-1439 Status:Sold �'�x. F BreekeN�Park 7&+Age N List Price:$179,900 M.&W In N 4, Fl, , rl feu a Sold Price:$181,900 7007 Ewing Original List Price:$179,900 nx Ab R = $ as _ ` Map Page:78 Map Coord:A4 f.+.@? tan Me k Directions:694 to Brooklyn Blvd;N to �0°b" N carrier *4 69th Ave;East to France;N to Urban 69N Ave;East to Ewing;N to home DAMN elm-" "'^"p1"t TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1957 Property ID: H2711921430044 Slyle: (SF)One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt $2,022 Foundation Size: 1,000 Garage: 2 Assess Be[: s0 Above Ground Finished SciFt: 1,000 Acres: 0.00 Tax w/assess: $2,022 Below Ground Finished SgFt: 0 Lot Sae:76x127 Assess Pend: No Total Finished SgFt 1,000 Fire is Homestead: Yes List Date:7/26/06 Received By MLS:7126106 Days On Market:15 Off Market Date: 08/09/2006 Selling Agent Kerry Anderson Projected Close Date: 8/24106 Selling Office:Oakwood Realty,LLC Date Closed: 8125106 General Property Information Legal Description: Lot 14,Block 3 Palmer Lake Terrace County: Hennepin School District: 279-Osseq.76341SA-7000: Complex/Dev/Sub: Common Wall:No Restrictions/Covts: Lot Description: City Bus(wRn 6 biks),Tree Coverage-Light Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Note:3.6%payout.Inspected and Warranded. Public Remarks: Gorgeous refinished hrdwd floors on main.3 bdmrs..one has patio door and could be formal DR. Lrg patio and porch off the 2 car detached garage In Irg fenced bkyrd.Close to Palmer Lake Park and Trails.Easy access to shopping and major roads.Save goal Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 24x13 Patio Main 22x15 Fuel: Natural Gas Dining Rm Porch Main 12x10 Air Cnd: Window Family Rm Water: City Water-Connected Kitchen Main 17x8 Sewer: City Sewer-Connected Bedroom 1 Main 13x11 Garage Stalls: 2 Bedroom 2 Main 11X10 Garage Stall III!: Bedroom 3 Main 10x9 Bathrooms: Total:1 Full:1 Other Parking: Bedroom 4 3/4:0 1/2:0 1/4:0 Pool Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen Fireplaces:0 Fireplace Characteristics: Appliances: Dryer,Exhaust Fan/Hood,Range,Rehigerator,Washer,Water Softener-Ranted Basement: Full Exterior: MetalMnyl,Wood Fencing: Chain Link Roof: Age 8 Years or Less,Asphalt Shingles Amenities-Unit: Hardwood Floors,Kitchen Window,Patio,Porch Parking Char: Detached Garage,Driveway-Concrete,Garage Door Opener Special Search: 3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 3.60% Sub-Agent Comp:3.60% Facilitator Comp:3.60% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $181,900 Seller Contribution: $7,196 Owner is an Agent?:No Sellers Temps: Cash,Conventional,DVA,FHA,Special Funding - Existing Fin: Conventional Listing Agent: Annette C Boone 612.599.3621 Listing Office: Edina Realty,Inc. Appt Phone:763-315.5550 Office Phone:763-316-6600 This Report Prepared By:Steven Schielf 763.569-6690 Information Deemed Reliable But Not Guaranteed.®2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 4/30/2007 Property Full Report,Single Family Residential,MLS#:3145992 6806 Regent Avenue N,Brooklyn Center,MN 55429-1662 MapPo� Status:Sold List Price:$184,900 Sold Price:$175,000 y - Q6 LT 6806 Regent Original List Price:$189,900 fc' Carrier Map Page:77 Map Coord:E4 °e Directions:169 to Hwy 152 or Brooklyn m Blvd North to 69th Ave N West to - Regent South to Home asm Aw a vFnckler� ; exooaweo,rcneeoa�w,eo.w,wm,.c». 851h M2 a TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1867 Property ID: H3311921110094 Style: (SF)One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $1,905 Foundation Size: 1,053 Garage: 2 Assess Bal: $0 Above Ground Finished SaFt: 1,053 Acres: 0.00 Tax w/assess: $1,928 Below Ground Finished SaFt: 0 Lot Size:75034 Assess Pend: No Total Finished SgFt: 1,053 Fire#: Homestead: No List Date:213106 Received By MLS:2/3/06 Days On Market:266 Off Market Date: 1210212006 Selling Agent:Paul R Springer,Jr Projected Close Date: 1211106 Selling Office:Coldwell Banker Burnet Date Closed: 1211106 General Property Information Legal Description: Lot 007 Block 001 Nordstrons Terrace County: Hennepin School District: 279-Osseo,763391-7000 Conplex/Dev/Sub: Common Wall:No Restric ions/Covts: Lot Description: City Bus(w/in 6 biks),Tree Coverage-Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Quick close is possible.New garage door[ Public Remarks: Beautiful hdwd floors,new roof,new windows,you'll love the kitche"potless basement to finish. Three BR on one Ivl-updated bath.Todays colons.A great yard.Oversized garage come see this soon[ Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 15x14 Fuel: Natural Gas Dining Rm Main 7xg Air Cod: Wall Family Rm Water: City Water-Connected Kitchen Main 8x1 o Sewer: City Sewer-Connected Bedroom 1 Main 10x13 Garage Stalls: 2 Bedroom 2 Main 10x10 Garage Stall is Bedroom 3 Main 9x9 Bathrooms: Total:1 Full:1 Other Parking: Bedroom 4 3/4:0 12:0 1/4:0 Pool' Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen,Living/Dining Room Fireplaces:0 Fireplace Characteristics: Appliances: Dryer,Freezer,Microwave,Range,Refrigerator,Washer Basement: Full Exterior: Metal/Vinyl Fencing: None Roof: Age 8 Years or Less,Asphalt Shingles Amenities-Unit: Kitchen Window Parking Char: Detached Garage,Driveway-Gravel,Garage Door Opener Special Search: 3 BR on One Level,Main Floor Bedroom Financial Cooperating Broker Compensation Buyer Broker Comp: 2.70% Sub-Agent Comp:0.00% Facilitator Comp:0.00% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: Other Sale Loan Amount: $0 Seller Contribution: $0 Owner Is an Agent?:No Sellers Terns: Cash,Conventional,FHA Existing Fin: Listing Agent: Muags Lerberg 612-308.0316 Listing Office: Coldwell Banker Burnet Appt Phone:763-550-7608 Office Phone:763-559.4990 This Report Prepared By:Steven Schleif 763-569-6690 Information Deemed Reliable But Not Guaranteed.0 2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of i 4/30/2007 Property Full Report,Single Family Residential,MLS#:3162082 5218 70th Avenue N,Brooklyn Center,MN 55429-1233 BrO°Irbr'P°"` Mapn M Status:Staid List Price:$187,900 ` Sold Price:$180,000 5218 70th Original List Price:$194,900 i Breakyn � Map Page:77 Map Coord:E4 61e,AN N + caaKg Directions:BROOKLYN BLVD NORTH y sae Ae N y TO 69TH AVE,WEST TO REGENT, � NORTH TO 70TH AVE. aeooarr,.n.a�avma..aa.w�roo`►,o. W TAX INFORMATION MLS Area: 363-Brooklyn Center Year Built: 1859 Property ID: H2811921430038 Style: (SF)One Story Bedrooms: 3 Tax Year: 2006 Const Status: Previously Owned Total Baths: 1 Tax Amt: $2,338 Foundation Size: 1,000 Garage: 2 Assess Bal: $0 Above Ground Finished SOFt: 1,000 Acres: 0.28 Tax w/assess: $2,338 Below Ground Finished SaFt: 655 Lot Size:73X149X90X152 Assess Pend: Unknown Total Finished SgFt 1,655 Fire#: Homestead: Yes List Date:317106 Received By MLS:3/7106 - Days On Market:63 Off Market Date: 05/08/2006 Selling Agent:Melissa A.Shuman Protected Close Date: 6122/06 Selling Office:Edina Realty,Inc. Date Closed: - 6119106 General Property Information Legal Description: MILLERS WILLOW LANE 2ND ADDN LOT 020 BLK 004 County: Hennepin School District: 279-Osseo,763391-7000 Complex/0ev/Sgb: Common Wall:No Restrictions/Covts: Lot Description: Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: BANK OWNED.AS IS.DIMENS.APPROX.VERIFY.PRINT SUPPLEMENT 54 WRITING OFFER.PLS REPORT ANY SECURITY ISSUES OR VANDALISM.COMM.ON NET AFTER SELLER CONCESSIONS,IF ANY.FAX OFFERS TO 952.694.3021. Public Remarks: WALKOUT 3 BR RAMBLER-2FP-ROOM TO ADD MORE OR IN LL,OAK FLOORS,2 CAR ATTACHED GARAGE.VERY QUIET STREET. Structure Information Room Level Dimen Other Rooms Level Dimon Heat: Forced Air Living Rm Main 20X13 Office Lower 12X11 Fuel: Natural Gas Dining Rm Air Cnd: Central Family Rm Lower 22X19 Water: city Water-Connected Kitchen Main 15X8 Sewer: City Sewer-Connected Bedroom 1 Main 11X12 Garage Stalls: 2 Bedroom 2 Main 11X9 Garage Stall#: Bedroom 3 Main 10X12 Other Parking: Bathrooms: Total:t Full:1 Bedroom 4 3/4:0 1/2:0 114:0 Pool' Bath Description: Main Floor Full Bath Dining Room Desc: Eat In Kitchen Family Room Char: Lower Level Fireplaces:2 Fireplace Characteristics:Family Room,Living Room Appliances: Dryer,Range,Refrigerator,Washer Basement: Egress Windows,Finished(Livable),Full,Walkout Exterior: Wow Roof: Asphalt Shingles Amenides-Unit Deck,Hardwood Room,Kitchen Window Parking Char: Attached Garage Special Search: 3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker.Comp: 2.65% - Sub-Agent Comp:0.00% Facilitator Corm:0.00% Variable Rate: N List Type: Exclusive Right To Sell Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $174,600 Seller Contribution: $7,300 Financial Remarks: Pre-Approval Required.Direct Funding Lender Preferred. Owner is an Agent?:No Sellers Terms: Cash,Conventional Existing Fin: Free and Clear Listing Agent: Mark D Hebert 952.915-2222 Listing Office: RE/MAX Associates Plus,Inc. Appt Phone:952.887.1208 Office Phone:952-884-8404 This Report Prepared By:.Steven Schlelf 763.569-5690 I Information Deemed Reliable But Not Guaranteed.©2007 Regional MLS of Minn.,Inc.All Rights Reserved. Page 1 of 1 LOCAL BOARD OF APPEAL AND EQUALIZATION CITY OF BROOKLYN CENTER APRIL 30, 2007 7:00 P.M. REGISTRATION - WALK-IN'S ONLY Name(s) Address Property I.D. -S:-iGi/l: SO-HL-E IIc (o7ay 'T`oLc-,ho kve 00q;L r/,So m A At"o )v e& - 7 -rol 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Appearances by taxpayers with an appointment Mr. Randy Bennett 3613 Violet Avenue N. PID # 27-119-21-42-0126 Ms. Lorna Jacob 4212 62nd Avenue N. PID # 34-119-21-34-0042 Mr. William Kenny 7036 Willow Lane PID # 25-119-21-44-0023 Mr. Henry Yang 6207 Regent Avenue N. PID # 33-119-21-43-0012 Mr. Michael Barthold 7216 Willow Lane PID # 25-119-21-41-0062 Mr.Ralph Thomas Americlnn 2050 Freeway Blvd. PID # 35-119-21-1.3-0021 Ms. Rosita Acosta 5949 Xerxes Ave N. PID # 03-118-21-11-0111 Ms. Rosita Acosta 5913 Admiral Lane PID # 03-118-21-21-0009 1 1 1 � CITY OF BROOKLYN CENTER � 2007 � LOCAL BOARD OF APPEAL AND ' EQUALIZATION � APRIL 30, 2007 1 1 1 1 XCity of Brooklyn Center ' A Millennium Community ' April 30, 2007 ' Letter of Transmittal 2007 Local Board of Appeal and Equalization ' To The Honorable Mayor and City Council: ' As you know, each year the City Council is required by our Charter to sit as the Board of Appeal and Equalization. The purpose of this Board is to review the ' work of the Office of the City Assessor and to hear valuation and classification appeals. ' The 2007 Local Board of Appeal and Equalization is scheduled to begin at 7:00 q g ' p.m. on Monday, April 30, 2007. In addition to the valuation notices mailed to all individual property owners on March 23, 2007, the City Clerk has published and posted notices of this meeting as required by state statute. ' The attached report is presented for your information. This report contains a review of the Board's powers and responsibilities, information from our office ' regarding the 2007 assessment and an overview of recent market activity. The issues before the Local Board of Appeal and Equalization are questions of ' estimated market value and classification of Brooklyn Center properties for the January 2, 2007 assessment for taxes payable in 2008. Respectfully submitted, Nancy J. ojc k, S.A. A. ' City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall & TDD Number (763) 569-3300 FAX(763) 569-3434 ' FAX(763) 569-3494 www.cityofbrooklyncenter.org 2007 Brooklyn Center Board of Appeal and Equalization 1 Meeting Agenda: ' 1. Meeting called to order, roll call. 7:00 m ( P ) 2. Local Board of Appeal and Equalization (LBAE) Certification Form. ' 3. The Purpose of the Local Board of Appeal and Equalization. . 4. Questions regarding the Local Board of Appeal and Equalization duties. 5. The Assessor's report. ' 6. Questions regarding the assessment report. 7. Appearances by taxpayers with appointments. Refer to attached appeals. 8. Appearances by taxpayers without an appointment. Refer to attached format. 9. Consideration of written appeals. 10. Set Date of Local Board of Appeal and Equalization reconvene meeting. .q 9 11. Adjourn Local Board of Appeals and Equalization "Certification Form" This is a printed form and is slightly different from last ear. Section 1 must be completed P 9 Y Y P at the beginning of the meeting, and Section 2 must be completed at the end of the ' meeting. The State requires a printed version of the Certification Form because it must be signed by board members and the county assessor(or assistant delegated by the county assessor) or authorized city assessor to verify that the quorum and training requirements were met. Assessor Certification has been added to the form to verify whether a quorum and a trained individual were present at the meeting. It is the assessor's responsibility to verify that these requirements are met and to determine if he/she must take over the ' meeting and change it to an open book format, it seemed logical to incorporate this information into the form. Failing to certify that the quorum or training requirements were met or signing the form without verifying both requirements are met is a violation of the ' Code of Conduct and Ethics for Licensed Minnesota Assessors which took effect March 1, 2006. ' The local board members have been preprinted on the form. In addition, the LBAE certified and trained member is also indicated on the foram. A Certification Form must be completed and signed for the initial meeting and each reconvene meeting. In addition, to ensure compliance with the training and quorum requirements, a Certification Form must be completed even If no taxpayers attend the meeting.At the end of each meeting, the assessor must take possession of the Certification Form. MINNESOTA" REVENUE ' Local Board of Appeal and Equalization Certification Form for 2007 The Local Board of Appeal and Equalization(LBAE)must complete and sign the LBAE Certification Form for each meeting of the local board. Since ail local boards are required to comply with the training and quorum requirements,this form must be completed even if no appeals are heard.At the end of each LBAE meeting,the county assessor or authorized city assessor takes possession of the completed form. Section 1-The following information must be completed at the beginning of the meetin . County Jurisdiction name(indicate city or town) ' HENNEPIN Meeting(circle one): convened or reconvened Date Time ❑a.m. ❑p.m. Township/City Board Members ' Please list all voting members of the LBAE.For each voting member,check"Present"or"Absent"to indicate which members were in attendance. For each voting member present,check"Yes"or"No"indicating if the member has completed the training required under Minnesota Statutes, Section 274.014 within the last four years.All voting members present at the meeting must sign this form.By signing this form,you certify that ' you attended the LBAE meeting. Print names of all voting members Title Attendance Training Certified Signature(for those in attendance only) Tim Willson Mayor ❑Present ❑Absent ❑Yes NNo Kay Lasman Councilmember ❑Present ❑Absent ❑Yes NNo X ' Mary O'Connor Councilmember ❑Present []Absent []Yes NNo X Dan Ryan Councilmember ❑Present ❑Absent ®Yes ❑No ' Mark Yelich Councilmember ❑Present ❑Absent []Yes NNo X ❑Present ❑Absent ❑Yes []No ' ❑Present []Absent []Yes ❑No Assessment Personnel This section must be completed by the county assessor(or an assistant delegated by the county assessor)or authorized city assessor present at the meeting. Loral Assessor Information County Assessor(or delegate)I Authorized City Assessor Information Does this jurisdiction have a local assessor? E]Yes ❑No Name itie License no. If yes,was the local assessor present?[]Yes [:]No ' Local assessor name License no. County Assessor(or delegate)I Authorized City Assessor Certification By signing below,I certify I was present at the meeting and(please check one): Other Assessment Personnel Present r A quorum was went and a training certified member was present,o Please list additional names on back of this form. ❑ q Pr 9 ' E]Name ifle I took over the meeting and changed it to an open book format because: ❑A quorum was not present and/or Name Tide ❑A trained member was not present ' Coun ty assessor(or delegate)/authorized city assessor signature Name He Section 2-The followin information must be corn eted at the end of the meeting.. Meeting(circle one): recessed or adjourned Time a.m. p.m. Scheduling for Reconvene Meeting (if needed) ' The LBAE must resolve all issues before the meeting is adjourned.If issues are unresolved,the board should recess until the next meeting. The LBAE must complete and sign a LBAE Certification Form for each reconvene meeting.The date and time for the reconvene meeting must be determined before the initial meeting is recessed.Once the LBAE has adjourned it cannot reconvene. Date for reconvene meeting Time a.m. ' Elp.m. Information on Board Actions Did the LBAE make changes to parcels owned by a member of the board,the spouse,parent,son or daughter of a board member,or property in which a board member has a financial or other interest in the property? ❑Yes ❑No If yes,please list the parcel numbers of the properties that were changed on the back of this form. Purpose of the Local Board of ADDeal and Equalization ' The purpose of the Local Board of Appeal and Equalization is to provide a fair and objective forum for property owners to appeal their valuation or classification. One of the most important duties placed by law upon the governing body of a township ' or city is to serve as the Local Board of Appeal and Equalization. Effective actions taken by the local board may potentially make a direct contribution to attaining ' assessment equality. The goal of the Local Board of Appeal and Equalization should be to attempt to address ' property owners' issues efficiently, fairly and objectively. ' Always keep in mind that any changes made by the board must be substantiated by facts. Any value reductions must be justified because they have the effect of shifting ' the tax burden to other property in the jurisdiction. Minnesota Statutes, Section 274.01, provides that the governing body of each city or a ' duly appointed board will serve as the Local Board of Appeal and Equalization. This review is held each spring. The board has the responsibility to review the assessed ' valuation and classification of property within the city. This year's review is limited to the 2007 assessment; which affects taxes payable in 2008. ' Role of the Local Board in the Assessment Process The Local Board of Appeal and Equalization has the authority to change the valuation or ' classification of a property for the current assessment year (2007). Taxes or prior year assessments are not within the turisdiction of the local board. In order to make an informed decision on these two items, it is important to understand them. Excerpts from the Minnesota Revenue Local Board of Appeal and Equalization handbook have been enclosed to assist in the definition of market value and ' classification. Limits of Authority for the Local Board of Appeal and Equalization The authority of the board extends over individual parcels only. Changes of value are made to the estimated market value. No changes may be made by , percentage, class, or property type. Changes in the aggregate assessment may be made by the state board of equalization. ' The total of all changes made by the local board of review must not reduce the ' aggregate assessment by more than 1%. Should this occur, than none of the changes of the local board of review will be accepted. This limitation does not apply to clerical corrections. ' The local board of review does not have the authority to reopen previous assessments. An example of this is the 2006 assessment for the taxes payable in 2007. Homeowner's that received their 2007 tax statement in March, 2007, ' are not able to appeal the 2006 estimated market value listed on the notice. Should the board wish to raise any assessment the owner must be notified. ' It is necessary for a majority of the board be present for any valid board action to ' be taken. The board should carefully consider any cases where taxpayers feel aggrieved by the proposed assessment. All available evidence should be considered. The ' board then has authority to adjust the assessment as it deems just. The initial 2007 meeting s scheduled for April 30 2007. The board must ' 9 P complete its work within 20 days or receive a written extension from the Commissioner of Revenue. Any actions taken after 20 days without an ' authorized extension will be invalid. The assessor's recommendation is to complete all board business at the first meeting, if possible. Should a second , reconvene meeting be necessary, it must be held no later than Sunday, May 20, 2007. A motion to sustain the assessment or to adjust the assessment may be made upon completion of the discussion of each property or may be held until all appeals have been heard. i LOCAL BOARD OF APPEAL AND EQUALIZATION ' SUMMARY OF DUTIES AND RESPONSIBILITIES Most of the responsibilities listed under the Local Board of Appeal and Equalization are statutory,primarily found in Minnesota Statutes 274.01. • The first responsibility is attendance. The Local Board of Appeal and Equalization is an official public meeting similar to a City Council meeting and can not convene without a quorum. In addition to the local assessor, the county assessor, or one of his/her assistants is required to attend. 0 At least one member must be present at each meeting of the Local Board of Appeals and Equalization(beginning in 2006)that has attended an appeals and equalization course as developed and approved by the Commissioner of Revenue. • The valuation notices shall be in writing and be sent by ordinary mail at least ten ' calendar days before the meeting of the board. The valuation notice will include the dates,places and times set for the meetings of the Local Board of Appeal and Equalization as well as the Hennepin County Board of Appeal and Equalization. ' • The meetings must be held between April l and May 31 each year. The County Assessor shall fix a day and time when the Local.Board of Appeal and Equalization ' shall meet. The board must complete its work and adjourn within 20 days from the time of convening stated in the notice of the clerk, i.e., calendar days -- original night is day one. ' • The clerk shall give published and posted notice of the meeting at least ten days Y before the date of the meeting. • Local Boards of Appeal and Equalization must see that all taxable property is properly assessed, valued, and classified for all current assessments. The board may ' consider both real and personal property. • If any property has been omitted, the board must correct the assessment by adding it to the list of assessments along with its market value. • The board may not increase or decrease by percentage all assessments in a district of ' a given class of property. Changes in the aggregate to assessments are by class and are made by the county board of equalization. • Although the Local Board of Appeal and Equalization has the authority to increase or decrease individual assessments, the total of such adjustments must not reduce the aggregate assessment by more than one percent. If the total reductions would lower the aggregate assessments by more than one percent, none of the adjustments may be made. The assessor shall correct any clerical errors or double assessments discovered by the board without regard to the one percent limitation. i • The local board does not have the authority to reopen former assessments on which 1 taxes are due and payable. The board only considers assessments in the current year. • The may find ins tan c es of un dervalued properties.ert ies. board mus t notify , owner of the property that the value is going to be raised. The property owner may ' then appear before the board if they so wish. • It is the primary duty of each local board to examine the assessment record to see that all taxable property in the assessment district has been properly placed upon the list i and valued by the assessor. The local boards do not have the authority to address exemption issues. Only the county assessor has the authority to exempt property. • A taxpayer ma appear in person, b council or written communication to resent his 1 Y PP P � Y � P or her objection to the board. The focus of the appeal must center on the factors influencing the estimated market value or classification placed on the property. ' • All changes will be entered into the assessment books by the county assessor's office. • Before adjourning, the local board should prepare an official list of the changes. The ' J g� P P g law requires that the changes be listed on a separate form. All assessments that have been increased or decreased should be shown as prescribed on the form along with 1 their market values. The record must be signed and dated by the members of the Local Board of Appeal and Equalization. • The Hennepin County Board of Appeal and Equalization begins meeting on: June 18, 2007 , • All appointments must be scheduled no later than Wednesday June 6, 2007 by calling the Hennepin County Taxpayer Services Office at: i (612) 348-7050 1 1 i 1 1 1 Informal Review Procedures - 2007 Assessment I � 1. Discuss assessment procedures and the valuation methodologies employed by the assessor's office. 2. Review market information, sales and property characteristics with the owner by phone or in the assessor's office. 3. Provide the owner with nearby assessed values and/or sales of homes similar to ' the subject property. 4. Suggest the owner have a market analysis provided by a local Realtor. 5. Review by physically inspecting the property and recalculating the value based ' on characteristics gathered in the new inspection. S. Discuss with the owner the valuation recommendation based on the review performed. ' Formal ' 1. Local Board of Review/ City Board of Equalization 2. County Board of Equalization 3. Minnesota Tax Court 4. Abatement ' Summary ' The assessor's office will make every effort to resolve as many questions possible prior to the board. Those property owners still wishing to be heard at the board will be given an opportunity to express their individual concerns. The assessor's office will have an appraisal prepared for all properties where the owner has notified the assessor's office of their intent to appear at this year's board of review. A copy of this report will be provided to each board member and the property owner. ' Please remember that the issue at hand is the market value or classification of the property at hand, not the taxes, Cases that the board feels may be too difficult or complex to decide may be affirmed. The property owner will then have the opportunity to continue on to the County Board of Appeal and Equalization. Hennepin County Board of Appeal and E ualization 1 The 2007 County Board of Appeal and Equalization will be held beginning June 18, 2007. Taxpayers wishing to appear must have appealed to their local board of review ' and must register with the county board prior to June 6, 2007, Call (612) 348-7050 for an appointment. At the County Board level the county assessor's office will perform an independent appraisal of each property. Should a reduction to the assessment be indicated, it is offered to the owner. The county will also notify the owner if their review indicates either no change or an increase. At this point, the owner can accept the reduction, withdraw the appeal, or continue on, to be heard by the County Board of Equalization. Minnesota Tax Court For information regarding a tax court appeal, contact (651) 296-2806. The filing , deadline for the 2007 assessment is April 30, 2008. The deadline is always the last day in April in the year the taxes are payable. ' Abate_ menu This is a process that allows assessors to correct a clerical or appraisal error. Application must be received by assessor no later than December 31 for the year the , taxes are payable. This is a discretionary process and decision of the assessor is final. The City of Brooklyn Center charges a $45.00 application fee for abatements when it is not an error of the assessment process. However, in most cases the assessor's office ' is able to inform the property owner prior to application if approval is likely. 1 Market value ' State law requires that all property shall be valued at its market value(Minnesota Statutes, Section 273.11, Market value subdivision 1). Minnesota Statutes,Section 272.03,subdivision 8 defines The rice that would tend to prevail under typical', P P tYP "market value"as follows: normal competitive open market conditions. ' " 'Market value'means the usual selling price at the place where the property to which the term is applied shall be at the time of assessment;being the price which could be obtained at a private sale or an Minnesota Statutes,Section 273.11,subdivision 1 auction sale, if it is determined by the assessor that the further states: price from the auction sale represents an arm's-length '7n estimating and determining such value, the transaction. The price obtained at a forced sale shall assessor shall not adopt a lower or different not be considered." standard of value because the same is to serve as ' Many professional appraiser/assessor organizations a basis of taxation, nor shall the assessor adopt have a more detailed definition of market value.The as a criterion of value the price for which such elements of these definitions can be used to clarify the property would sell at a forced sale,or in the statutory definition. aggregate with all the property in the town or ' district;but the assessor shall value each article The definition of market value usually implies the or description of property by itself,and at such ' consummation of a sale as of a specific date under the sum or price as the assessor believes the same to be fairly worth in money." following conditions: ■ The buyer and seller are typically motivated; The law provides that all property must be valued at ' Both parties are well informed or well advised and market value,not may be valued at market value.This both are acting in what is considered to be their own means that factors other than market value issues(such best interest; as personalities or politics)should not affect the market ■ A reasonable time is allowed for exposure in the value determined by the assessor.Non-market value open market; factors also should not affect the action of the Local ■ Payment is made in cash or its equivalent; Board of Appeal and Equalization. ' ■ Financing, if any,is on terms generally available in Estimated market value the community on the specified date and typical for the property type in its locale; and The value determined by the assessor as the price ' ■ The price represents a normal consideration for the the property would likely sell for on the open property sold unaffected by special financing market is called the estimated market value(EMV). amounts and/or terms,services,fees,costs or credits This value is determined on the assessment date, incurred in the transaction. January 2 of each year. In other words,market value is the price that would There are also two other types of market value used tend to prevail under typical,normal competitive open for property tax purposes: limited market value and ' market conditions. taxable market value.The EMV for the current assessment year is the only value property owners may appeal to the local board. ' Role of the local board in the assessment process 1 board cannot change the LMV of a property. Limited market value The local Limited market value(LMV)is a statutory calculation that The only value that the local board can review is the limits how much the taxable value of certain properties can EMV for the current assessment year. ' increase from year to year.Under current law,LMV is scheduled to sunset after assessment year 2006. Taxable market value Taxable market value(TMV)is the value that property ' For assessment year 2005,the value is limited to the taxes are actually based on,after all reductions, greater of 1) 15 percent increase over last year's LMV or limitations,exemptions and deferrals. 2)33 percent of the difference between this year's EMV , and last year's LMV. The local board cannot change the TMV of a property.The only value the local board has the For assessment year 2006,the value is limited to the authority to change is the EMV for the current year. ' greater of: 1) 15 percent increase over last year's LMV or Changing the EMV may ultimately change the TMV, 2)50 percent of the difference between this year's EMV but it is important to note that there can be instances and last year's LMV. where the board raises or lowers the EMV,and the ' TMV remains the same. LMV only applies to agricultural,residential,timberland, and noncommercial seasonal residential recreational(cabin) The example below illustrates how some value changes property.New improvements are not subject to LMV. may not affect LMV or TMV. ' EMV changes that do not affect LMV or TMV ' 2004 value 2005 value Resulting values Resulting values (Ware focal board) if the for 2005 if the for 2005, Iocat board local;board EMV $145,800 $160,800 decreases $150,800 increases $170,800 LMV $118,000 $135,700 the value by $135,700 the value by $135,700 $10,000 $�—OW , TMV $118,000 $135,700 $135,700 $135,700 Classification ' In Minnesota,property is classified according to its ' use on the assessment date(January 2 of each year).If Classification the property is not currently being used,it is classified according to its most probable,highest and.best use. ' The assessor assigns astatutorily-defined Property owners do not get to choose or request how classification to all property based upon the use of they want their property to be classified.It is the the property on January 2 of each year.Examples of assessor's job to classify property,consistent with Minnesota property classes include residential, ' Minnesota Statutes,according to its current use or its agricultural,commercial-industrial;apartment and most probable,highest and best use. seasonal residential recreational. When determining the most probable,hi gh est and best ' use for a property that is not being used,zoning may be an influencing factor in the classification of the , property;however,it is not the sole factor. Rile of the local board in the assessment process ' All real property that is not improved with a structure also must be classified according to its current use or Highest and best ' its highest and best use permitted under the local zoning ordinance if there is no identifiable current use. If zoning permits more than one use,the land must be A principle of appraisal and assessment requiring that classified according to the highest and best use each property be appraised as though it were being ' permitted. If no such zoning ordinance exists,the put to its most profitable use(highest possible present assessor shall consider the most likely potential use of net worth),given probable legal,physical,and the unimproved land based upon the use of financial constraints. ' surrounding land or land in proximity to the unimproved land. Glossary for Property Appraisal and Assessment, International Association of Assessing Officers, 1997. ' Property classifications are defined in Minnesota Statutes.Examples of classifications include residential homestead,residential non-homestead, apartment,commercial and agricultural. It is important to remember that use and not zoning is the key factor in determining the classification of a property. The board can change the classification for the current For example,a property owner has a parcel that is used as assessment year of any property which in the board's an auto repair shop.The assessor has the property opinion is not properly classified.The classification classified as commercial.The property is zoned must be based on use,and in order for the board to agricultural so the owner is seeking the agricultural change the classification,the owner must present classification.Classification is based on use. Since the ' evidence that the property is used in a manner property is used as an auto repair shop,it is properly consistent with the classification he/she is seeking. classified as commercial.Therefore,the board must vote to uphold the commercial classification. ' For example,the assessor classifies a property as residential.The owner seeks the agricultural Split-class property classification.In order for the board to change the ' classification to agricultural,the owner must prove A property can have more than one property tax that the property is used agriculturally and meets the classification if it has more than one use. Such properties statutory requirements of the agricultural class. are called split-class properties.If this is the case,the assessor will classify the different uses accordingly.For ' example,when an owner-occupied farm also has a structure that is used as a commercial repair shop for farm equipment,the property is split classified agricultural ' homestead and commercial. Overview of the assessment process 1 Assessor estimates value When the assessor views the interior of a property, ' The assessor determines the approximate selling price he/she can make a more accurate assessment and (or EMV)for each taxable parcel based on the eliminate any guesswork.The assessor bases his/her conditions of the market on January 2 of each year. assessment on multiple factors,including size,age, ' condition,quality of construction and other features such The assessor is required by law to view each property at as fireplaces,etc.The assessor compares the property to least once every five years.However,even if the actual sales of similar properties in the area to determine ' assessor did not physically visit a property for that the EMV of a property. assessment year,the property is subject to valuation changes to reflect market conditions.The assessor is ' required to estimate the market value as of January 2 of each year to reflect current market conditions. ' Role of the local board in the assessment process Three approaches to value The cost approach is most reliable when valuing new or ' The assessor applies one or more of the three approaches relatively new properties because the depreciation is to value: minimal.Estimating the amount of depreciation can be • Sales comparison approach; difficult making the cost approach less reliable when ' • Cost approach; and/or valuing older properties.The cost approach also can be • Income approach. useful when valuing structures that are not frequently exchanged in the market. ' The assessor will consider all approaches to value,but one approach may be better suited than the others for Income approach:This approach is based on the estimating the value of a particular property.In some reasoning that the value of the property is directly related ' cases,one or more approaches may not be applicable. to its ability to produce income.The property value is measured in relation to anticipated future benefits Sales comparison approach:This approach is based on derived from ownership of the property. ' the reasoning that the value of a property is related to the sale prices of similar properties in the same market. Using this approach,the assessor reviews income and expense information for the subject property and estimates ' Using this approach,the assessor identifies similar the market value of the property based upon the income properties that have recently sold and analyzes the stream projected to be derived from the property. differences between the subject and the comparable ' This approach has limited applicability because it is only properties.The sale price for each comparable sale is appropriate for adjusted to reflect the differences(i.e.the subject income-producing properties such as property has three bathrooms and the comparable commercial,industrial and apartments.The income approach is generally the primary approach for valuing property has two bathrooms,so the sale price of the ' comparable property is adjusted upward to make it more income-producing properties. similar to the subject property).The assessor then estimates the value based on the analysis of the Sales ratios ' comparable sales. Assessors analyze the sales in a community in order to understand local market trends.Whenever real estate is The sales comparison approach is applicable when there sold for more than$1,000,a certificate of real estate , is sufficient sales data available for analysis.This value(CRV)must be filed in the county in which the approach is most often used for residential properties.It property is located.The assessor uses the CRVs to is the most common and preferred method for valuing analyze actual sales of property and to complete sales ' vacant land when comparable sales data is available. ratio studies for each community and for each type of The sales comparison approach is not applicable when property.The ratio is determined by dividing the EMV comparable sales are limited or unavailable. by the sale price.The assessor uses the sales as a guide ' to estimate what similar properties would likely sell for Cost approach:This approach is based on the principle on the open market. of substitution which means that an informed buyer will ' not pay more for a property than it would cost to build The assessor examines the properly and the conditions an acceptable substitute with comparable utility. and terms of the sale as indicated on the CRV to determine if the sale reflects normal conditions.It is ' Using the cost approach,the assessor calculates market important to remember that one sale,taken by itself, value by estimating the current cost of replacing a does not necessarily reflect the actual real estate market structure with one having comparable utility minus in a jurisdiction.The assessor needs to group all sales by depreciation plus the value of the land. type(residential/seasonal,agricultural,commercial, , etc.).Once the grouping is complete,the assessor arrays all of the grouped sales by ratio from the highest to the lowest.The median(center)ratio in this array is selected ' as being representative of the typical level of assessment for the jurisdiction. Role of the local board in the assessment process ' ' To make matters more complicated,ted,not every type,of Assessor determines classification property in every jurisdiction has enough sales in the Along with estimating the market value of each ' sales period to provide an accurate reflection of the level property,the assessor must determine the classification, of assessment.The Department of Revenue has or use,of each parcel of property. Property determined that a minimum of six sales in a jurisdiction classifications are defined in Minnesota Statutes,and the ' are required for the median ratio to be reflective of assessor classifies the property based on its use as of actual assessment levels.This does not mean that the January 2 of each year.Examples of classifications assessor is relieved of his/her responsibility to value ' property at its market value.It simply means that the include residential homestead,residential non- process of establishing an accurate market value homestead,apartment,commercial and agricultural. estimate becomes more subjective. There are some jurisdictions that never have enough sales—this is Notice of Valuation and Classification ' particularly true in the case of small-town commercial The assessor notifies taxpayers of their value and properties. In these instances,the assessor may examine classification each year.The notice must be mailed at sales over a protracted period of time or borrow sales least 10 days prior to the Local Board of Appeal and from other similar jurisdictions to help measure the level Equalization meeting or 10 days prior to the open book of the assessment. meeting(generally,this means that the notices are mailed in February or March of each year). ' In addition to the sales ratio study conducted by the assessor,the Department of Revenue conducts a similar Appealing the valuation or classification independent sales ratio study for the jurisdiction to At this point,the property owner can appeal the EMV ' monitor how close the median ratio is to the required and/or classification if he/she feels that the property is: level of assessment.The Department of Revenue's sales ratio studies should be the same or similar to the studies • classified improperly; ' conducted by the assessor. ■ valued at an amount higher than they could sell the property for;and/or State Board of Equalization ■ valued at a level different from similar ' The required level of assessment is between 90 and 105 properties in the area. percent.If the sales ratio study indicates that the median ratio of EMVs to the selling prices is below 90 percent The property owner should first contact the or above 105 percent,the Commissioner of Revenue, assessor's office to discuss questions or concerns. acting as the State Board of Equalization,will increase Issues often can be resolved at this level. If questions or or decrease values to bring about equalization. State concerns are not resolved after talking with the assessor, Board orders are usually on a county-,city-,or formal appeal options are available: ' township-wide basis for a particular classification of Property owners may appeal to the Local Board of property.All State Board orders must be implemented Appeal and Equalization(some jurisdictions that by the county,and the changes are made to the current have transferred the local board duties to the assessment year. county will have open book meetings instead of local board meetings); The equalization process is designed not only to ■ If the property owner is not satisfied with the local ' equalize values on a county-,city-,and township-wide board's decision(or the outcome of the open book basis but also to equalize values across county lines to meeting),he/she may appeal to the County Board ensure a fair valuation process across taxing districts, of Appeal and Equalization; and/or county lines,and by property type.State Board orders • The property owner may appeal to Tax Court.. are implemented only after a review of values and sales ratios,and after discussions with the county The Notice of Valuation and Classification must provide, ' assessors in the county affected by the State Board the property owner with the date,time and location of the orders,county assessors in adjacent counties,and the Local and County Boards of Appeal and Equalization. Commissioner of Revenue. 1 Role of the local heard in the assessment process MINNESOTA• REVENUE www.taxes.state.mn.us , Appealing the Value or Classification of Your Property Property Tax Fact Sheet 1 ;1L Each spring your county sends you a property tax bill.Three factors that affect your tax bill are:. 1. the amount your local governments(town,city,county,etc.)spend to provide services to your community, 2. the estimated market value of your property,and ' 3. the classification of your property(how it is used). The assessor determines the last two factors.You may appeal the value or classification of your property.This fact shoe ' discusses estimated market value and classification as shown on your Notice of Valuation and Classification.On the back,it tells you what you can do if you and the assessor disagree. Estimated market value Do your research Estimated market value is the amount the assessor estimates Begin by contacting the assessor's office. ' a buyer would pay for your property if it were offered for ro sale. Each year the assessor reviews the market valuation ■ Verify information about your property,such as its of your property to determine if changes in the real estate dimensions,age and condition of its structures. ' market or improvements to your property require a change • Review records to determine the market value of in the estimated market value. similar property in your neighborhood. ■ Review sales data to find out what similar property in Classification and class rates your area is selling for. All property is classified by the assessor according to ■ Check real estate ads in your newspaper to get an idea its use. Each class of property(home,apartment,cabin, of the asking price of local properties. , farm,business)is taxed at a different percentage of its . Ask the assessor to explain the criteria used for value.This s pe rcenta e,or class rate,is determined by the classi in our property.You ma also review the f5' g Y Y state legislature.Like market value,the class rate of your ' classification of other property used in the same manner property plays a significant role in how much property tax as yours. You pay- Valuation and classification notice Appealing your assessment You have the right to appeal your market value estimate ' Each spring,the assessor will mail you a Notice of Valuation and Classification informing you of the and/or property classification ifyou feel your property is: value and classification of your property.If you believe ■ Classified improperly. ' the classification or the estimated market value of your ■ Valued at an amount higher than you could sell your property is incorrect,you have several appeal options. property for. The fast step is to do some research. ■ Valued at a level different from similar property in your ' area. First,talk to the assessor to discuss changing your assessment. If you and the assessor are unable to agree on , your valuation or classification,more formal methods of appeal are available. See reverse for formal appeal information , 1 Property Tax Division—Mail Station 3340—St.Paul,MN 55146-3340 This fact sheet is intended to help you become more familiar with Minnesota tax laws and your rights and responsibilities under the laws.Nothing in this , fact sheet supersedes,alters,or otherwise changes any provisions of the tax law,administrative rules,court decisions,or revenue notices.Alternative formats available upon request. Revised 07/04 Minnesota Revenue,Appealing the Value or Classification of Your Property 1 ' l 1 Appeal You can appeal to your local and county Boards of Appeal and Equalization or you can take your appeal directly to the Minnesota Tax Court. Or you can choose both options,in which case begin with the Local Board of A pp eal and Equalization. 1 Local Board of Appeal and Equalization ' Minnesota Tax Court You have until April 30 of the year the tax becomes payable If you choose to appeal to your boards of appeal and to appeal your assessment to the Minnesota Tax Court.In equalization, first meet with your Local(city or town) Board of Appeal and Equalization.These are usually other words,you must appeal your 2004 valuation and the same people as your city or town council.The board classification on or before April 30,2005. meets on a specified day in April or May.The exact date The Tax Court has two divisions: is listed on your Notice of Valuation and Classification. We strongly recommend that you call or write your city A. The small claims division only hears appeals or town clerk to schedule your appearance. involving one of the following situations: You may make your appeal in person,by letter,or have • The assessor's estimated market value of your someone else appear for you.The assessor will be present property is less than$300,000. to answer questions.You must present your case to the ■ Your entire parcel is classified as a residential city or town board before going to the County Board homestead(la or lb)and the parcel contains no of Appeal and Equalization. more than an one dwelling unit. . ro ' Cities and towns have the option of transferring their board • Your entire property is classified as an agricultural powers to the County Board of Appeal and Equalization. homestead(1 b or 2a). If your municipality has elected to do this,your Notice of ■ Appeals involving the denial of a current year Valuation and Classification will direct you to begin your application for homestead classification of your appeal at the county level. property. The proceedings of the small claims division are County Board of Appeal less formal and many people represent themselves. and Equalization �. Decisions made by the small claims division are If you are not satisfied with the decision of the city or town final and cannot be appealed further. board or if your city or town has transferred their powers to the county,you may appeal to the County Board of Appeal B. The regular division will hear all appeals—including and Equalization. those within the jurisdiction of the small claims division.Decisions made here can be appealed to This board meets in June.The exact date is listed on a higher court. your Notice of Valuation and Classification.The members are usually the county board of commissioners or their Most people who appeal to the regular division hire an appointees. We strongly recommend that you can or attorney because the hearing is conducted according to ' write your county auditor or assessor to schedule your the Minnesota rules of civil procedure. appearance before the board. You may obtain complete information on Tax Court appeals You may make your appeal in person,by letter,or have by writing or calling the court administrator in your county someone else appear for you.The assessor will be present or by contacting. to answer questions.If you are not satisfied with the Minnesota Tax Court decision of the County Board of Appeal and Equalization, you may appeal to the Minnesota Tax Court. Minnesota Judicial Center Suite 245 25 Reverend Dr.Martin Luther King,Jr.Boulevard St.Paul,MN 55115 (651)296-2806 1 www.taxcourt.state.mn.us 1 Minnesota Revenue,Appealing the Value or classification,of Your Property 2 MINNESOTA• REVENUE www.taxes.state.mn.us ' Preparing an Appeal to Your Local and County � Boards of Appeal and Equalization Property Tax Fact Sheet 10 ' You have decided to appeal the valuation and/or ' pp Preparing for your appeal classification of your property to your Local or County The first step is to do some research to collect information Boards of Appeal and Equalization.You must appeal to to show why you believe your estimated market value or ' the Local Board of Appeal and Equalization before classification is incorrect. Begin by appealing to your County Board of Appeal and contacting the assessor's office. ❑ Equalization. ■ Verify information about your property, If you haven't done so already, should such as its dimensions,age and � ' y y,y ou hou d contact your assessor's office before making a formal appeal to discuss condition of its structures. changing your assessment. Often issues ■ Review records to determine the market value of ' and concerns can be resolved at this level. x ' similar property in your neighborhood. ■ Review sales data to find out what similar property in If you and the assessor were unable to agree your area is selling for. ' on your valuation or classification you may _ ■ Check real estate ads in your newspaper to get an decide to appeal to your Local and/or County Boards of idea of the asking price of local properties. Appeal and Equalization. ■ Ask the assessor to explain the criteria used for , The general information contained in this fact sheet is classifying your property. You may also review the applicable to preparing for appeals to both the Local and classification of other property used in the same County Boards of Appeal and Equalization. manner as yours. , Successfully appealing your assessment Gathering supporting evidence Minnesota law assumes that the County Assessor has You must have documentation to support your correctly valued and classified your property.You must appeal.Items you may wish to bring to the , present factual evidence to convince the Board otherwise meeting include: C� in order to win your appeal. Make sure all facts are ■ A recent appraisal of your property. presented,and the board understands the ■ Recent sales of similar property. ' information presented,so a decision can be made based on facts. ■ Documentation supporting the use of your property(if you are appealing the Successfully appealing your value or classification). classification at your Local or County Board of Appeal ■ Copies of other property owners' field cards/property and Equalization can mean a number of things. information. ■ Photos of your property. It does not necessarily mean that the board ruled in your favor and lowered your value or changed your ■ Photos or exhibits comparing neighboring properties classification. to yours. , Whether or not the local board decides to make a change If you should have questions,please don't hesitate to in your estimated market value or classification,you can contact your assessor's office. Staff members are always still be successful in appealing to your local board. The willing to answer questions and give you information that ultimate result you want to achieve is to make sure your will help you understand your assessment. value is warranted and the classification of your property is correct based on its use. See page 2 for helpful hints Property Tax Division—Mail Station 3340—St.Paul,MN 55146-3340 This fact sheet is intended to help you become more familiar with Minnesota ' tax laws and your rights and responsibilities under the laws.Nothing in this fact sheet supersedes,alters,or otherwise changes any provisions of the tax law,administrative riles,court decisions,or revenue notices.Alternative formats available upon request. Revised 07/04 Minnesota Revenue,Preparing an Appeal to your Local and County Boards of Appeal and Equalization t ' ' Presenting ur case Other helpful information 9Y P Remember, how you present your case may affect the Please keep in mind that taxes are not the issue.To ' outcome of your appeal—you want to be sure you get strengthen your appeal,you should present evidence your point across as effectively as possible. about your property's value or classification, ■ Make a list of key points you may wish to present. not how much you are paying in taxes. ' ■ The board has never seen your This fact sheet is not meant to give you property. Describe your property so legal advice. It is intended to be a helpful tool with they will understand your arguments general information for presenting your property tax ' more fully. Photos can be helpful to appeal at your Local ad County Boards of Appeal and support your argument. Equalization. ■ Keep your presentation brief and factual. • Be prepared to discuss your case with the board or answer any questions that the board may have. Written appeals You may also appeal your value or classification by submitting a letter of appeal to the board instead of appearing in person. You will want to do your research and r ' explain your appeal in writing. Your letter should state the facts and include supporting documentation. You may want to include your daytime phone number so you can be reached in case the board has any questions. ' Revised 07/04 Minnesota Revenue,Preparing an Appeal to your Local and County Boards of Appeal and Equalization 2 Assessment Valuation Procedures ' Residential ' Sales occurring in the prescribed study period, October 2005 through September 2006, are analyzed by comparing them to the previous assessment and the preliminary assessment in process. Adjustments are then made either to the land values or to the computerized rate ' tables employed by the CAMA system in calculating the building values. This computer assisted mass appraisal system allows the assessor's office to value properties according to ' their individual characteristics. Examples of these characteristics include age, condition, size, style, amenities, functionality, and location. The preliminary final assessment is then ' analyzed statistically to ensure accuracy and uniformity. This process is greatly assisted by the relatively large sample of residential sales each year, giving the statistical analyses a high degree of reliability. The Brooklyn Center residential assessment falls well within all ' accepted measurement guidelines for mass appraisal accuracy and uniformity. ' Apartment The apartment assessment is based on a combination of market sale activity and analysis of the rental market. Even in years without adequate sale information, changes in rental rates and occupancy levels are valid, accurate measures of changes in market value. Apartments are sold primarily for their potential to generate future income for the buyer. Therefore the analysis of the like) economic income is a proven and widely accepted Y Y ( ) p Y p ' approach to valuation. Commercial / Industrial ' The valuation of these properties is primarily accomplished through an analysis of the rental market, potential income, and the sale market. What are typical investor expectations? What ' are typical investor yield requirements for different market segments? These are two key questions where market activity can provide some guidance. The potential market ' (economic) income to a property is best estimated by analyzing recent leases, rental listings, and published data like the Real Estate Tracking Service of the Minnesota Real Estate Journal and the Colliers Towle Report. All of these sources and more have been ' employed by the assessor's office to ensure that the current assessed values follow the market as closely as possible. ' 2006 Reinspection Program for the 2007 Assessment ' During the summer of 2006 our office conducted re-inspections for the 2007 assessment of the residential properties located North of 65th Avenue North and East of ' Palmer Lake Park (Penn Ave N.). In addition to all single-family homes located in the review area, commercial, industrial and apartment properties were reviewed. The summer inspection area involved the review of 1,822 parcels. All parcels were ' inspected from the exterior and the assessor's office inspected the interior of 51% or 936 homes, who responded to tags and advance notification. The interior inspection ' percentage is down slightly from previous years. ' The re-inspection process began May 3, 2006, and was essentially completed by the end of September. There-inspections were performed by City Assessor, Nancy Wojcik, Appraiser, Jill Brenna, and Appraiser Technician, Karen Casto. Following the review of ' the scheduled quintile, our focus switched to the residential properties with new improvements, commercial/industrial and apartment properties. All residential permit ' review inspections were completed by Appraiser I, Jill Brenna, Appraiser Technician, Karen Casto and commercial inspections were completed by Nancy Wojcik, City Assessor. The review of new improvements added an additional 1,602 permit reviews to the inspection total. We estimate that the total number of residential properties ' reviewed in 2006 was approximately 3,424. 1 2007 Assessment Tax Capacity Payable in 2008 Property Type Breakdown Apartments 8% Commercial 21% ■■■ONE ■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■ MMMMM Residential MMMMM1 �u iiiiia 62% � MMM MM MMM■■■■■■■■■■ ■■■■■■■■ Industrial ■■■■■■■ gown 9% ■ Farm 0% 0 Apartments ®Commercial 0 Industrial ❑Farm ■Residential This chart is an illustration of the total tax capacity of$25,009,912 COMPARISON OF THE BROOKLYN CENTER ASSESSED VALUE BY PROPERTY TYPE 2005 to 2008 TAX PAYABLE YEARS TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE PROPERTY 2005 OF PAY 2005 2006 OF PAY 2006 2007 OF PAY 2007 2008 OF PAY 2008 TYPE VALUATION VALUE VALUATION VALUE VALUATION VALUE VALUATION VALUE APARTMENT $172,816,000 8.89% $179,621,000 8.73% $174,430,300 8.31% $170,243,000 7.76% COMMERCIAL $300,974,200 15.47% $307,458,200 14.95% $265,482,900 12.65% $281,314,500 12.82% INDUSTRIAL $93,462,000 4.81% $101,157,500 4.92% $115,506,200 5.50% $124,335,700 5.67% RESIDENTIAL $1,377,358,800 70.82% $1,468,518,600 71.38% $1,542,631,600 73.51% ° $1,617,578,100 73.72/0 FARM $385,000 0.02% $435,000 0.02% $500,000 0.02% $650,000 0.03% TOTALS $1,944,996,000 $2,057,190,300 $2,098,551,000 $2,194,121,300 NOTE: Payable 2008 valuation totals are based on values as of March 9,2007. Residential taxable market value total for 2007 pay 2008 was $1,609,771,600. Only .48%,or$7,806,500 of the residential estimated market value is excluded from taxation due to limited market value and the"This Old House"exclusion. There are 1,013 remaining residential properties in Brooklyn Center that will receive a limited market value for taxes payable in 2008. G Q008 TNT12005 to 2008 assessed v: Prepared by Brooklyn Center Assessor's Office 4/23/2007 COMPARISON OF THE BROOKLYN CENTER PROPERTY TAX BASE BY PROPERTY TYPE 2000 TO 2006 TAX YEARS TAX TAX TAX TAX TAX TOTAL PAY PERCENTAG CAPACITY TOTAL PAY PERCENTAG CAPACITY TOTAL PAY PERCENTAG CAPACITY TOTAL PAY PERCENTAGE CAPACITY CAPACITY PROPERTY 2005 TAX E OF 2005 CHANGE 2006 TAX E OF 2006 CHANGE 2007 TAX E OF 2007 CHANGE 2008 TAX OF 2008 TAX CHANGE CHANGE TYPE CAPACITY TAX BASE (Percent) CAPACITY TAX BASE (Percent) CAPACITY TAX BASE (Percent) CAPACITY BASE (Dollars) (Percent) APARTMENT $2,161,198 9.78% 5.75% $2,177,013 9.30% 0.73% $2,093,264 8.37% -3.85% $2,042,327 7.82% ($50,937) -2.49% COMMERCIAL $5,915,191 26.77% -1.99% $5,306,137 22.66% -10.30% $5,199,203 20.79% -2.02% $5,515,376 21.11% $316,173 5.73% INDUSTRIAL $1,833,408 8.30% 4.68% $1,988,076 8.49% 8.44% $2,275,694 9.10% 14.47% ° ° $2,450,740 9.38/o $175,046 7.14/o RESIDENTIAL $12,179,728 55.13% 13.52% $13,942,981 59.54% 14.48% $1'5,436,751 61.72% 10.71% $16,112,517 61.67% $675,766 4.19% FARM $3,850 0.02% 4.68% $4,350 0.02% 12.99% $5,000 0.02% 14.94% $5,750 0.02% $750 13.04% TOTALS $22,093,375 $23,418,557 $25,009,912 $26,126,710 NOTE:Payable 2008 tax capacity and valuation totals are based on values as of March 9,2007. Final adjustments due to administrative change orders,tax court stipulations and abatements may not be reflected.The taxable residential valuation for payable 2008 is$1,609,771,600.This reflects a reduction from the estimated market value of 7,806,500 due to Limited Maket Value and This Old House Exclusions. I Prepared by Brooklyn Center Assessor's Office 4/23/2007 All Prepared tokrn;,r Asst y �fice � \3• ,z Cl ' City Wide - All (Includes all property types) 3.30% (Excluding new construction) 3.10% ' City Wide - Resid. (Single Family - Detached Only) 3.00% (Excluding new construction) 2.80% C/\.�...�:* fir+ -.e /.. \lF I� 1: \,� y \\fir` / r AM W. /M Q � ` _ 51, .r .a...�... ...,».G6 ,.. :, �.; ,, /?a ..: .. ...� \�`..�.,�.,:.. \�.../ =rte y ��•., " P ' C�• do �i / ' / a• per/ »� �� / //j �\y\\ � �� v: € r .�y Mais .. _ ..,, ui.. ...... /, / ©4Ubl (oWS� 1 c .,\ . . n",t' � of hoo a � � � y ` \ a /i %f ` y x // \\ ��// a 5 ,\ 11 Re� eniI �� 0t ' EXC UF, con �. r\ #50 - #55 Residential Off Water 3.00% ' (excluding new construction) 2.80% / y \ jig l� � \ "N5�i, 8 \ aw s t RIr Property(6Cl uttrlg hew bt1S� : -�s, �j, ,,. ,..,,. .. ,...«.. ......., v... .., BROOKLYNCTR - 2/21/2007 RESIDENTIAL STATISTICS SALES:383/7285 5.3% CONDO STATISTICS SALES:22/270 8.1% APTS=A,HL k DIRECT RATIOS MEDIAN MEAN COD COM=C,GC,NP IN ° 2007 97.1% 97.5% 4.8 DIRECT RATIOS MEDIAN MEAN° COD z 2007 97.1% 98.3% 3.3 FARM=BF,F,FF,FP 2006 93.8% 94.3% 6.2 2006 67.6% 78.6% 20.0 LAND=LA,LC,LI,LL,LR yr E BJ,D,DJ,P,R,RL INFERRED RATIOS OTHR=CHANGED PROP TYPE SALES GROWTH: 3.3% INFERRED RATIOS SALES GROWTH: 26.4% OTHE s SAMPLE GROWTH: 3.2% PROP TYPE GROWTH: 2.8% SAMPLE GROWTH: 19.9% PROP TYPE GROWTH: 5.0% X MEDIAN: 96.8% X MEDIAN: 96.4% X MEDIAN: 81.1% X MEDIAN: 71,0% X MEAN: 97.3% X MEAN: 96.9% X MEAN: 94.2% X MEAN: 82.5% COM/IND STATISTICS SALES:8/197 4.1% RES ON LAKE STATISTICS SALESA/108 3.7% TOWNHOUSE STATISTICS SALES:52/682 7.6% DIRECT RATIOS MEDIAN 'MEAN COD DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD 2007 94.4% 94.7% 5.4 2007 97.5% 96.9% 1.7 2007 98.4% o 2006 85.0% 87.6% 12.3 2006 93.2% 92.2% 3.9 2006 96.2 2/. 98.2% 3.8 %0 96.2% 4.1 INFERRED RATIOS SALES GROWTH: 8.7% INFERRED RATIOS SALES GROWTH: 5.2% INFERRED RATIOS SALES GROWTH: 2.2% SAMPLE GROWTH: 8.0% PROP TYPE GROWTH: 6.0% SAMPLE GROWTH: 3.2% PROP TYPE GROWTH: 2.6% SAMPLE GROWTH: 2.3% PROP TYPE GROWTH: 2.2% X MEDIAN: 91.8% X MEDIAN: 90.1% X MEDIAN: 96.2% X MEDIAN: 95.6% X MEDIAN: 98.4% X MEDIAN: 98.3% X MEAN: 94.6% X MEAN: 92.9% X MEAN: 95.2% X MEAN: 94.6% X MEAN: 98.4% X MEAN: 98.3% APARTMENT STATISTICS SALES:4/97 4.1% RES OFF LAKE STATISTICS SALES:379/7177 5.3% DB,TP STATISTICS SALES:2165 1 DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD:. 2007 100.7% 100.6% 0.7 2007 97.1% 97.5% 4.8 2007 93.1% 93.1% 2.5 2006 105.6% 103.3% 2.4 2006 93.8% 94.4% 6.3 2006 79.8% 79.8% 3.3 INFERRED RATIOS SALES GROWTH:. -2.0% INFERRED RATIOS SALES GROWTH: 3.2% INFERRED RATIOS SALES GROWTH: 16.2% SAMPLE GROWTH: -3.6% PROP TYPE GROWTH: -2.4% SAMPLE GROWTH: 3.2% PROP TYPE GROWTH: 2.8% SAMPLE GROWTH: 2.3% PROP TYPE GROWTH: 4.2% X MEDIAN: 101.8% X MEDIAN: 103.0% X MEDIAN: 96.8% X MEDIAN: 96.4% X MEDIAN: 81.6% X MEDIAN: 83.2% X MEAN: 99.6% X MEAN: 100.8% X MEAN: 97.4% X MEAN: 97.0% X MEAN: 81.6% X MEAN: 83,2% STRATIFICATION(SINGLE FAMILY HOMES) RZ STATISTICS' SALES:0/0 0.0% BY EMV BY PRICE DIRECT RATIOS MEDIAN MEAN COD \11 fr5 # % # % 2007 0.0% 0.0% 0.0 27 UNDER 175K 97.6% 21 UNDER 175K 107.3% 2006 0.0% 0.0% 0.0 kX - 354 175-250K 97.6% 355 175-250K 97.2% 5 250-350K 98.3% 10 250-350K 91.5% INFERRED RATIOS SALES GROWTH: 0.0% 2 350-500K 97.6% 2 350-500K 97.6% 0 500-700K 0.0% 0 500-700K 0.0% SAMPLE GROWTH: 0.0% PROP TYPE GROWTH: 0.0% Ce 0 700K-1MIL 0.0% 0 700K-1MIL 0.0% X MEDIAN: 0.0% X MEDIAN: 0,0% 0 OVER 1MIL 0.0% 0 OVER 1MIL 0.0% X MEAN: 0.0% X MEAN: 2ElQT SIPRII RE�S�ClEt+J�`Fk�� 01 4r0.1MS �sWQ�1 *Rk�`IQ**:STU71 03/13/07 MUNICIPALITY #SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN COD 100MINGTON 803 3.79% 96.5% 97.0% 6.2 MEDINA 38 2.79% 96.0% 97.8% 4.5 OOKLYN CENTER 379 5.28% 97.1% 97.5% 4.8 MINNEAPOLIS OOKLYN PARK 868 5.41% 94.2% 94.3% 5.4 MINNETONKA 402 3.14% 96.7% 96.4% 4.6 IIAMPLIN 249 3.95% 96.0% 95.7% 5.0 MINNETONKA BEACH 5 4.31% 95.5% 96.0% 1.2 CORCORAN 28 177% 95.1% 96.0% 5.7 MINNETRISTA 43 3.00% 96.2% 96.0% 4.4 IYSTAL 314 4.32% 95.8% 96.5% 6.3 MOUND 100 4.21% 96.1% 96.1% 6.1 IYTON 30 2.46% 97.5% 99.6% 8.4 NEW HOPE 185 4.07% 95.6% 95.9% 5.5 (EPHAVEN 37 3.04% 95.8% 94.9% 7.6 ORONO 66 3.45% 96.3% 95.8%0 6.7 EN PRAIRIE 541 4.37% 96.0% 96.0% 5.2 OSSEO 16 2.68% 95.7% 96.0% 5.2 TINA 410 3.57% 94.9% 95.4% 6.7 PLYMOUTH 524 3.48% 95.5% 95.7% 5.9 CELSIOR 10 2.40%0 96.4% 94.8% 6.4 RICHFIELD 425 4.35% 95.9% 96.8% 5.7 VALLEY 243 3.90% 95.8% 96.7% 7.8 ROBBINSDALE 241 5.74% 95.4% 96.4% 3.5 IEENFIELD 14 2.01% 95.5% 98.1% 5.1 ROCKFORD 1 2.20% 95.5% 95.5% 0.0 (EENWOOD 5 4.00% 95.4% 90.9% 7.4 ROGERS 50 2.74% 95.1% 94.0% 5.4 NOVER 6 3.28% 95.3% 97.0% 2.3 ST ANTHONY 52 3.01% 95.4% 95.9% 7.1 ISSAN 9 1.24% 95.5% 96.3% 5.1 ST BONIFACIUS 28 4.13% 95.7% 92.9% 3.8 (EPENDENCE KINS 100 4.25% 95.2% 95.3%a 8.8 ST LOUIS PARK 574 4.99% 96.4% 96.7% 6.9 26 2.65%- 98.2% 94.6% 8.6 SHOREWOOD 86 3.59% 96.2% 96.5% 4.2 ING LAKE 17 3.33% 95.7% 97.4% 3.8 SPRING PARK 2 2.11% 95.1% 95.1% 3.6 (PLE ETTO 8 4.35% 96.4% 98.0% 4.4 TONKA BAY 8 2.78% 98.2% 95.8% 6.4 GROVE 623 4.50% 95.6% 95.5% 5.2 WAYZATA 23 2.94% 95.4% 91.9% 8.4 IPLE PLAIN 21 4.12% 97.4% 98.5% 4.8 WOODLAND 5 3.70% 95.6% 95.3% 5.4 MEDICINE LAKE 0 0.00% 0.0% 0.0% 0.0 SUBURBAN HENNEPIN"' 7.595 4.06% 95.8% 96.0% 5.7 ALL HENNEPIN- "2007 EMV/10-2005 THRU 9-2006 SALES FOTAL FIGURES(EXCEPT SALES)ARE WEIGHTED MUNIC AVERAGES 2D�7T SR�INfiS R� CflENYrAL_�,AIK S �R�F lrl"RA`nd''6'I`#IEZ�( a3n3/a7 MUNICIPALITY #SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN CO) BLOOMINGTON 1 1.49% 94.3% 94.3% 0.0 MEDINA 1 1.47% 102.5% 102.5% 0.1 BROOKLYN CENTER 4 3.70% 97.5% 96.9% 1.7 MINNEAPOLIS BROOKLYN PARK 2 1.64% 96.5% 96.5% 6.7 MINNETONKA 5 3.36% 94.4% 95.4% 4.1 CHAMPLIN 7 3.06% 95.2% 95.9% 6.1 MINNETONKA BEACH 5 4.35% 96.2% 98.1% 5.1 CORCORAN 0 0.00% 0.0% 0.0% 0.0 MINNETRISTA 25 4.37% 98.0% 97.4% 5.9 CRYSTAL 0, 0.00% 0.0% 0.0% 0.0 MOUND 34 3.56% 95.4% 86.0% 7.11 DAYTON 0 0.00% 0.0% 0.0% 0.0 NEW HOPE 0 0.00% 0.0% 0.0% 0.0' DEEPHAVEN 3 1.66% 95.3% 86.2% 9.5 ORONO 26 2.57% 94.7% 92.1% 9.4 EDEN PRAIRIE 7 2.42% 95.5% 95.3% 4.8 OSSEO 0 0.00% 0.0% 0.0% 0.01 EDINA 41 3.97% 95.8% 95.0% 7.1 PLYMOUTH 9 2.13% 98.0% 97.4% 1.8' EXCELSIOR 2 3.28% 97.5% 97.5% 1.5 RICHFIELD 0 0.00% 0.0% 0.0% 0.0 GOLDEN VALLEY 1 1.52% 92.7% 92.7% 0.0 ROBBINSDALE 2 1.90% 95.8% 95.8% 0.1' GREENFIELD 2 1.87% 96.8% 96.8% 2.7 ROCKFORD 0 0.00% 0.0% 0.0% 0:0' GREENWOOD 3 1.84% 96.3% 93.0% 9.3 ROGERS 0 0.00% 0.0% 0.0% 0.0 HANOVER 0 0.00% 0.0% 0.0% 0.0 ST ANTHONY 0 0.00% 0.0% 0.0% 0.0' HASSAN 1 1.15% 114.8% 114.6% 0.0 ST BONIFACIUS 0 0.00% 0.0% 0.0% 0.0' HOPKINS 0 0.00% 0.0% 0.0% 0.0 ST LOUIS PARK 0 0.00% 0.0% 0.0% 0.0 INDEPENDENCE 6 3.57% 96.3% 97.5% 3.9 SHOREWOOD 7 1.54% 97.8% 97.3% 3.41 LONG LAKE 1 6.25% 95.8% 95.8% 0.0 SPRING PARK 2 1.90% 97.9% 97.9% 1.8' LORETTO 0 0.00% 0.0% 0.0% 0.0 TONKA BAY 12 3.72% 95.3% 91.1% 9.2 MAPLE GROVE 16 2.74% 94.9% 94.1% 2.3 WAYZATA 3 3.45% 95.3% 95.3% 3.3' MAPLE PLAIN 0 0.00% 0.0% 0.0% 0.0 WOODLAND 3 5.45% 97.1% 98.2% 2.1 ' MEDICINE LAKE 2 1.80% 97.4% 97.4% 0.9 SUBURBAN HENNEPIN— 233 2.90% 96.1% 95.3% 5.9 ALL HENNEPIN" ' "2007 EMV/10-2005 THRU 9-2006 SALES --TOTAL FIGURES(EXCEPT SALES)ARE WEIGHTED MUNIC AVERAGES ' 2007 SPRING fV R;tX:nQ"*S7U. Y! 03/13/07 MUNICIPALITY #SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN COD [OOMINGTON 130 5.91% 96.0% 96.4% 3.3 MEDINA 0 0.00% 0.0% 0.0% 0.0 BROOKLYN CENTER 52 7.82% 98.4% 98.2% 3.8 MINNEAPOLIS [OOKLYN PARK 183 6.38% 95.4% 95.3% 3.8 MINNETONKA 122 6.12% 95.1% 95.4% 4.4 IIAMPLIN 33 9.02% 95.6% 95.8% 2.1 MINNETONKA BEACH 0 0.00% 0.0% 0.0% 0.0 CORCORAN 0 0.00% 0.0% 0.0% 0.0 MINNETRISTA 3 5.66% 98.3% 98.8% 1.1 IYSTAL 3 3.86% 99.4% 99.1% 4.3 MOUND 5 8.06% 95.2% 95.9% 2.7 IYTON 0 0.00% 0.0% 0.0% 0.0 NEW HOPE 8 3.69% 95.6% 96.6% 2.4 DEEPHAVEN 0 0.00% 0.0% 0.0% 0.0 ORONO 6 10.34% 97.3% 97.0. 2.9 IEN PRAIRIE 175 6.25% 96.0% 96.5% 3.8 OSSEO 0 0.00% 0.0% 0.0% 0.0 TINA 35 5.79% 95.8%a 94.9% 4.2 PLYMOUTH 184 8.27% 97.2% 97.3% 5.0 EXCELSIOR 0 0.00% 0.0% 0.0% 0.0 RICHFIELD 0 0.00% 0.0% 0.0% 0.0 ILDEN VALLEY 22 5.21% 96.8% 95.8% 4.7 ROBBINSDALE 2 3.13% 96.6% 96.6% 1.2 IEENFIELD 0 0.00% 0.0% 0.0% 0.0 ROCKFORD 0 0.00% 0.0% 0.0% 0.0 GREENWOOD 0 0.00% 0.0% 0.0% 0.0 ROGERS 28 7.43% 96.1% 95.7% 3.7 INOVER 0 0.00% 0.0% 0.0% 0.0 ST ANTHONY 5 8.62% 95.6% 96.4% 3.1 ISSAN 0 0.00% 0.0% 0.0% 0.0 ST BONIFACIUS 11 7.53% 95.5% 96.9% 2.3 HOPKINS 47 8.15% 97.3% 98.3% 7.0 ST LOUIS PARK 57 6.44% 96.8% 96.6% 15 tEPENDENCE 0 0.00% 0.0% 0.0% 0.0 SHOREWOOD 14 4.50% 97.9% 97.5% 2.4 ING LAKE 2 3.45% 96.9% 96.9% 1.6 SPRING PARK 3 6.67% 95.5% 95.7% 1.3 LORETTO 1 3.23% 99.7% 99.7% 0.0 TONKA BAY 1 4.55% 95.4% 95.4% 0.0 IPLE GROVE 223 7.16% 95.6% 95.5% 3.4 WAYZATA 22 8.73% 95.3% 94.0% 4.4 IPLE PLAIN 0 0.00% 0.0% 0.0% 0.0 WOODLAND 0 0.00% 0.0% 0.0% 0.0 E DICINE LAKE 0 0.00% 0.0% 0.0% 0.0 SUBURBAN HENNEPIN"' 1,377 6.18% 96.1% 96.2% 3.9 ALL HENNEPIN- 2007 EMV 110-2005 THRU 9-2008 SALES TOTAL FIGURES(EXCEPT SALES)ARE WEIGHTED MUNIC AVERAGES 03/1310 MUNICIPALITY #SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN COI BLOOMINGTON 192 4.87% 95.8% 95.4% 4.5 MEDINA 0 0.00% 0.0% 0.0% 0.0 . BROOKLYN CENTER 22 8.15% 971% 98.3% 13 MINNEAPOLIS 1 BROOKLYN PARK 91 7.55% 95.2% 95.7% 5.4 MINNETONKA 114 4.02% 97.1% 98.3% 5:1 CHAMPLIN 50 10.35% 95.7% 95.5% 2.6 MINNETONKA BEACH 0 0.00% 0.0% 0.0% 0.0 CORCORAN 0 0.00% 0.0% 0.0% 0.0 MINNETRISTA 0 0.00% 0.0% 0.0% 0.1 CRYSTAL 11 9.48% 99.2% 98.7% 4.4 MOUND 27 5.25% 95.8% 97.5% 7.1 DAYTON 0 0.00% 0.0% 0.0% 0.0 NEW HOPE 13 2.87% 98.4% 97.6% 5.7 DEEPHAVEN 0 0.00% 0.0% 0.0% 0.0 ORONO 0 0.00% 0.0% 0.0% 0.0' EDEN PRAIRIE 245 7.46% 96.7% 97.2% 3.4 OSSEO 0 0.00% 0.0% 0.0% 0.0' EDINA 205 3.49% 95.7% 95.7% 5.4 PLYMOUTH 195 5.74% 97.2% 97.5% 4.8 EXCELSIOR 8 3.24% 95.3% 97.0% 4.9 RICHFIELD 40 3.45% 97.0% 100.0% 8.11 GOLDEN VALLEY 32 3.48% 95.0% 95.4% 3.7 ROBBINSDALE 2 1.44% 96.0% 96.0% 0.81 GREENFIELD 0 0.00% 0.0% 0.0% 0.0 ROCKFORD 0 0.00% 0.0% 0.0% 0.0 GREENWOOD 2 10.00% 96.5% 96.5% 0.3 ROGERS 0 0.00% 0.0% 0:0%° 0.01 HANOVER 0 0.00% 0.0% 0.0% 0.0 ST ANTHONY 10 3.52% 96.7% 96.8% 3.7' HASSAN 0 0.00% 0.0% 0.0% 0.0 ST BONIFACIUS 18 100.00% 69.6% 69.7% 0.2 HOPKINS 64 4.79% 96.6% 99.4% 10.2 ST LOUIS PARK 90 5.18% 96.0% 97.1% 4.0' INDEPENDENCE 0 0.00% 0.0% 0.0% 0.0 SHOREWOOD 0 0.00% 0.0% 0.0% 0.0' LONG LAKE 0 0.00% 0.0% 0.0% 0.0 SPRING PARK 0 0.00% 0.0% 0.0% 0.0 LORETTO 0 0.00% 0.0% 0.0% 0.0 TONKA BAY 0 0.00% 0.0% 0.0% 0.01 MAPLE GROVE 201 7.31% 95.5% 95.5% 2.7 WAYZATA 13 5.73% 96.1% 96.5% 3.7' MAPLE PLAIN 0 0.00% 0.0% 0.0% 0.0 WOODLAND 0 0.00% 0.0% 0.0% 0.0 MEDICINE LAKE 0 0.00% 0.0% 0.0% 0.0 SUBURBAN HENNEPIN- 1,843 4.91% 96.0% 96.4% 4.6' 'PROPERTY TYPES:AX,X,XC,XM ALL HENNEPIN" , "2007 EMV/10-2005 THRU 9-2006 SALES ^TOTAL FIGURES(EXCEPT SALES)ARE WEIGHTED MUNIC AVERAGES 2El07 3PRII►C DOlE3L�8h1GAkalAf IQB.�i TP►' IYA' IQ** TWIY 03/13/07 MUNICIPALITY #SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN COD �OOMINGTON 10 5.71% 95.7% 96.1% 4.6 MEDINA 0 0.00% 0.0% 0.0% 0.0 �OOKLYN CENTER 2 3.08% 93.1% 93.1% 2.5 MINNEAPOLIS BROOKLYN PARK 20 6.17% 96.7% 99.6% 7.0 MINNETONKA 1 2.33% 99.0% 98.0% 0.0 �AMPLIN 3 4.48% 94.9% 97.2% 5.4 MINNETONKA BEACH 0 0.00% 0.0% 0.0% 0.0 �RCORAN 0 0.00% 0.0% 0.0% 0.0 MINNETRISTA 0 0.00% 0.0% 0.0% 0.0 CRYSTAL 7 10.45% 98.8% 98.5% 7.7 MOUND 3 714% 97.5% 96.1% 2.8 IYTON 0 0.00% 0.0% 0.0% 0.0 NEW HOPE 3 5.36% 96.9% 100.4% 4.5 EPHAVEN 0 0.00% 0.0% 0.0% 0.0 ORONO 0 0.00% 0.0% 0.0% 0.0 EDEN PRAIRIE 0 0.00% 0.0% 0.0% 0.0 OSSEO 0 0.00% 0.0% 0.0% 0.0 TINA 9 4.79% 95.1% 93.9% 4.8 PLYMOUTH 0 0.00% 0.0% 0.0% 0.0 CELSIOR 1 5.58% 96.2% 96.2% 0.0 RICHFIELD 7 4.70% 95.1% 96.7% 7.7 GOLDEN VALLEY 2 2.99% 97.5% 97.5% 8.6 ROBBINSDALE 21 7.69% 97.5% 98.1% 3.9 �EENFIELD 0 0.00% 0.0% 0.0% 0.0 ROCKFORD 0 0.00% 0..0% 0.0% 0.0 EENWOOD 0 0.00% 0.0% 0.0% 0.0 ROGERS 0 0.00% 0.0% 0.0% 0.0 HANOVER 0 0.00% 0.0% 0.0% 0.0 ST ANTHONY 0 0.00% 0.0% 0.0% 0.0 �SSAN 0 0.00% 0.0% 0.0% 0.0 ST BONIFACIUS 0 0.00% 0.0% 0.0% 0.0 �PKINS 14 6.03% 99.0% 99.6% 8.1 ST LOUIS PARK 10 4.85% 98.5% 97.8% 9.8 INDEPENDENCE 0 0.00% 0.0% 0.0% 0.0 SHOREWOOD 1 2.08% 95.8% 95.8% 0.0 ING LAKE 0 0.00% 0.0% 0.0% 0.0 SPRING PARK 0 0.00% 0.0% 0.0% 0.0 JRETTO 0 0.00% 0.0% 0.0% 0.0 TONKA BAY 0 0.00% 0.0% 0.0% 0.0 MAPLE GROVE 1 213% 95.7% 95.7% 0.0 WAYZATA 2 6.45% 100.0% 100.0% 4.9 IPLE PLAIN 0 0.00% 0.0% 0.0% 0.0 WOODLAND 0 0.00% 0.0% 0.0% 0.0 DICINE LAKE 0 0.00% 0.0% 0.0% 0.0 SUBURBAN HENNEPIN'- 117 5.09% 971% 97.8% 6.0 ALL HENNEPIN- 007 EMV 110-2005 THRU 9-2006 SALES OTAL FIGURES(EXCEPT SALES)ARE WEIGHTED MUNIC AVERAGES VALUATION NOTICES March 23, 2007 Commonly Asked Questions What is this notice i received in the mail? ' This notice is your 2007 assessed value for taxes payable in 2008. It is intended to show you the estimated market value, limited market value and taxable market value of your house for taxes payable in 2008. It also includes the previous year's ' value for comparison purposes only. Is this a bill? No. A Truth in Taxation notice will be mailed to you from Hennepin County approximately November 9, 2007 estimating the 2008 taxes. The Truth in ' Taxation notice will also contain meeting dates of any taxation meetings. Actual tax statements reflecting the 2007 assessment will be mailed in March, 2008. Why did my market value change? ' The value of your property changes as the market indicates (through analysis of sales) and/or due to changes in the property (permit work, characteristic changes, etc.) The estimated market value is the most probable price that a well informed ' buyer would pay a well informed seller for a property without either party being unduly forced to buy or sell. If you have specific questions you may elect to speak with an appraiser on your specific property. You recently reviewed my property this last summer and told me there were no ' changes to my characteristics, why did my value increase? The value of your property is based on reported and recorded market sales data collected over the past year. Your 2007 assessed value is based on rates that are determined through analysis of residential sale data. These rates change as indicated by recent market sales. Your 2007 value may have increased or ' decreased even though the characteristics of your home have not changed. This change in value may be based solely on the market data. Any changes in your property characteristics either positive or negative may also impact the final ' estimated value of your property. ' is there a limit on how much you can change my value? There is no limit on the change in estimated market value. However, the limited ' market value or the taxable value for residential, agricultural or non-commercial seasonal recreational properties (homestead or non-homestead) is limited. The ' increase in the property's taxable value may not exceed; (1) 15% of the previous year's limited market value, or (2) 33% of the difference between the current year's market value and the previous year's limited value, whichever is greater, ' excluding improvements. Is my property still considered a homestead property? Your current homestead status h for I o the 2007 assessment for taxes payable in 2008 ' is displayed in the upper right hand corner under the property classification. Any partial percentage homesteads will be reflected on the notice. ' Can 1 appeal the valuation of my property? You should first review sale information from your neighborhood. Review homes ' similar in style and size to yours. If you still feel that your value should be changed you may wish to speak with an appraiser and schedule an appointment to review your home. If you plan to attend the local board appeal and equalization we must ' review your property prior to scheduling you on the agenda. In most cases we can come to a mutually acceptable adjustment to your value without your appearance before the board. ' What can 1 do as a senior citizen with a limited income if/ fee/ are ou taxin v g me out of my home? As a senior citizen it is important to remember to file for the property tax refund. ' This program is designed to shield you from excessive increases in property tax and/or property taxes, which are too high when compared to your income. In addition to these programs there is also a senior citizen property tax deferment ' program available. You may also wish to contact your local legislature to voice your concerns regarding tax changes for senior citizens. ' Can /have you also look at my 2006 valuation for taxes pa Vg ble in 2007? ' No. The previous year's valuation has already been finalized. Your 2007 tax statement that you received in March is based on your 2006 valuation. Questions regarding that value would have had to have been addressed at the time you received that valuation notice, or at the 2006 Local Board of Appeal and Equalization. ' What will my 2008 taxes be with this change? ' The tax rates have not been determined for the 2008 taxes. We will have a better idea of estimating taxes when the legislature adjourns. You will receive a Truth in ' Taxation notice in November, 2007 that will give you an estimate of the 2008 taxes. Typically the Truth in Taxation notice does not include school district referendums. Please be observant of any local referendum issues in your school ' district. If you would like an estimate using this years tax rates you may call Hennepin County Tax Estimates at (612) 348-3011 for assistance. 1 ' RESIDENTIAL SALE INFORMATION FROM REALTORS MLS SYSTEM ' CITY OF BROOKLYN CENTER, MN tNUMBER OF AVERAGE ° CHANGE MEDIAN SALE ° CHANGE YEAR SALES SALE PRICE �O PRICE �° 2001 452 $142,706 11.09% $144,900 0.66% 2002 444 $157,313 10.24% $157,600 8.76% 2003 567 $169,248 7.59% $169,900 7.80% 2004 558 $183,300 8.30% $183,500 8.00% t 2005 482 ° ° $194,124 5.91 /o $195,000 6.27/° 2006 434 $191,323 4.38% $192,925 5.14% ' 2007 36 $200,136 4.61% $200,500 3.93% *MLS statistics are based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period 1998 through 2006. All residential data reported includes townhomes and condominiums. Sale information reported by RMLS does not exclude forced or foreclosed sales. The 2007 sales data was collected from filed Certificates of Real Estate Value from 1/1/07 to 4/20/2007 by the Brooklyn Center Assessor's office. The 2007 sales represent only state qualified open market transactions. Foreclosures are rejected from the state and city sales ratio studies. ' Average January 2003 assessed value of residential, townhome and condominium homes in Brooklyn Center is$153,700 Average January 2004 assessed value of residential, townhome and condominium homes in Brooklyn Center is$165,789 ' Average January 2005 assessed value of residential, townhome and condominium homes in Brooklyn Center is$178,200 ' Average January 2006 assessed value of residential, townhome and condominium homes in Brooklyn center is$189,553 1 Average January 2007 assessed value of residential, townhome and condominium homes in Brooklyn center is$195,200 GABOARD1200n[2007 MLS SALES ALS]MLS Sale 2007 4/21/2007 1 2oo6 Residential Real Estate Activity Report Research and Analysis for the Minneapolis—St. Paul Metropolitan Area Housing Market 1 A nea P ublication of the Minneapolis Area Association of REALTORS® using data from RMLS P 1 Market Analysis >>°°9 2006 Twin Cities Housing Market Activity ' Twin Cities Metro: 2oo6-07 ,°a.°Oa Now Listings by Jeff Allen, MAAR Research Manager 90 000 2oo6—Taking a Needed Breather 2oo6 was the year of the steady descent back to reasonable expectations. Following five ' consecutive years of record or near-record home sales and strong home price appreciation,the 70,000 Twin Cities housing market took an expected and 1 necessary breather. °e°a Pending Sales Buyer activity declined to its lowest level since 1999, as pending sales dropped by 17.7 percent 1 from 2005 and closed sales fell by 16.3 percent. Conversely, 2oo6 saw a record high for seller Closed Sales activity.There were over 1o8,000 new listings in 40000 2oo6—up 9 percent from the previous record 1998 1999 2000 2001 2002 2003 2004 2005 2006 ' set in 2005. The year started off very strong, Figure i with new listings per month going as high as 31 percent above their 2005 counterparts. As new construction slowed and builders began to sell off 1 their excess inventory, listings leveled off in the latter part of the year, but still CONTENTS easily set a new record (Figure 1). Increased housing supply colliding with lowered housing demand meant 14 Market Analysis for 2006 and 2007 1 the buyer had relatively more control over the process, and buyers began to recognize their relative advantage (Figure 2). 2-3 Quick Facts and Charts Continued on page 14 4-5 Unit Sales Data 1 Supply-Demand Ratio Number of Active Listings for Each Buyer 6-7 Price Data 1132 8 Median Price Map 1 ■2006 0 200 8.32 832 g Price Per Square Foot Map 75 10-11 Historical Medians 1 616 665 6.27 12-13 Historical Averages 5.58 5.53 5.52 S.dS 5.28 01 1 4.32 446 461 15 Five-Year Price Appreciation Map 3.56 3.61 3.68 16 Annual Review 2.94 2.95 3.16 2.10 January February March April May June July l August September October November December ",> AuK--a -11 MINNEAPOLIS AREA Association Figure Of REALTORS 1 www.mplsrealtor.com 2oo6 Twin Cities Home Sales - Price Data ' includes single-family detached homes,condominiums,townhomes and twin homes ' Median Average Avg.Total Finished Avg.Price Price Per Code Area Price Price Square Footage Reduction(%) Square Foot 300 Mpls-Calhoun-Isles 5263,590 S402,585 1,689 3 1 $226 301 Mpls-Camden $164,000 $162,024 1,353 5.0 5125 ' 302 Mpls-Central $270,000 S312.041 1,209 -0.5 $256 303 Mpls-Longfellow $207,500 $219,423 1,304 3.2 $176 304 Mpls-Nokomis $225,000 $239,498 1,477 3.1 $169 305 Mpls-North $153,000 $154,151 1,603 6.6 $104 ' 306 Mpls-Northeast $210,000 $214,526 1,430 3.3 5161 307 Mpls-Phillips $191,580 $211.006 1,361 0.2 $167 308 Mpls-Powderhorn $183,700 $182.697 1,329 3.1 5153 309 Mpls-Southwest $287,000 $351,592 1,748 3.6 $200 310 Mpls-University $240,000 $259,010 1,485 3.0 $186 340 Buffalo $215,000 $247,690 1,882 3.4 $136 341 Wright County(except Buffalo) $216,000 $240.842 1,809 2.2 S147 342 Hutchinson $161,000 $173.861 1,803 3.5 $100 343 McLeod County $154,000 S171,820 1,703 3.4 S105 ' 360 Robbinsdale $199,950 $204,958 1,568 2.5 $136 361 Crystal $197,700 5198,732 1,555 2.9 $135 362 New Hope $229,000 $218,317 1,695 2.6 $132 363 Brooklyn Center $192,925 $191,323 1,631 2.6 S123 ' 364 Brooklyn Park $230,825 $253,466 1,921 2.1 5132 365 Maple Grove/Osseo $247,000 $308.723 2,131 2.8 S143 366 Champlin $233,500 $261,370 1,941 2.5 $136 367 Hennepin-North $288,950 $310,808 2,218 2.2 $142 ' 368 Hennepin-Northwest $375,000 $520,271 2,843 4.9 5175 370 Sibley County $141,100 $144,607 1,653 3.9 S96 373 Golden Valley $268,000 $328,409 2,146 3.8 S151 374 Plymouth $293,000 $324,175 2,184 3.9 S150 ' 378 Richfield $223,750 $224,389 1,594 3.5 S146 379 Bloomington-East $225,000 $232,296 1,398 12 $182 380 Bloomington-West $247,000 $272,810 1,939 36 $142 381 Lake Minnetonka $462,000 $701,558 2,774 5.1 $231 ' 385 Edina $385,000 $502,437 2,427 4 7 S196 386 Hopkins 5205,900 $220,239 1,527 41 $139 387 Minnetonka $271,768 $342,035 2,020 3.2 $169 391 Saint Louis Park $234,500 $251,665 1,527 3.0 $169 ' 392 Eden Prairie $288,950 $365,798 2,382 3 5 $152 394 Carver County $243,150 $283,886 2,051 3.2 $140 396 Chanhassen $293,500 $367,267 2,340 3.3 $154 397 Chaska 5234,900 $276,802 2,035 2.9 $137 398 Victoria $477,500 $469,349 2,910 7.8 $159 600 West St.Paul $200,500 $210.400 1,594 3.5 $140 602 South St.Paul $196,700 $198,868 1,560 3.0 $138 604 Mendota/Lilydale/Mendota Heights 5330,200 5373,855 2.525 41 S161 ' 605 Sunfish Lake $696,500 5670,750 2,961 15.7 $222 608 Inver Grove Heights 5205,450 $268,205 1,877 2.7 $141 610 Eagan $237,800 $261,240 1,955 2.9 $136 612 Burnsville $233,375 $245,242 1,962 3.1 $125 ' 614 Apple Valley $226,000 $253,243 1,982 3.0 $130 616 Rosemount $248,200 $284,311 2,102 3.4 5136 617 Hastings S202,000 $223,961 1,825 3.5 $125 618 Eastern Dakota County $248,300 $280,492 2,123 5.8 $134 ' 624 Farmington $233,000 $245,112 1,884 2.4 $132 626 Lakeville $278,950 $314,439 2,334 3.2 $139 628 Southern Dakota County $238,600 $284,607 1,889 4.5 $160 630 Northfield $220,000 $242,725 1,908 3.4 $133 ' 632 Rice County $187,650 $205.569 1,779 3.5 $122 640 Shakopee $218,000 $258,217 1,923 2.8 5135 642 Prior Lake $279,900 $359,776 2,353 3.0 $152 644 Savage $266,950 $293,755 2,213 2.7 $134 646 Jordan $250,000 $282,775 2,004 2.6 $144 648 New Prague $250,000 $284,655 2,167 3.4 $145 650 Belle Plaine $214,125 $214,035 1,653 3.1 $138 658 Le Sueur County $164,950 $182,358 1,512 9.5 5124 ' 6 2oo6 Residential Real Estate Activity Report ©2007 Minneapolis Area Association of REALTORS® LEGEND re 2oo6 Home Price Per Square Foot Map $145—$159 closing sales price relative to total finished square footage $135—$144 ' Less than$135 �r RMLS Boundary ' 368 MLS Classification © 784 Airport 782 ZIMMERMAN Stanford f Athens OMortl Chisago Lake Shafer O,rred Livonia Twp /J TwP TwD ... iwp TwP 711 TwP P TwP Becker 780 BETHEL STACY CENTER SHAPER TwP ST FRANCIS CITY LINDSTROM DECKER 758 Wyommy (SAGO Franconia EAST BETHEL Linwood Twp Big _CITY TwP BIG LAKE Lake 756 Twp OAK Twp ELK RIVER Bums GROVE 71 WYOMING Chisago Lake Silver Creek 754 Twp TwP OSCEOLA M TICE 710 709 341 1 FOREST Farming on T OTSEGO 760 //� 7 7 CoWm's LAKE MoTvicrpello RAMSEY 762 • 0• TwP Twp ' Maple Lake Twp ANDOVER HAM LAKE Forest Lake ALBERTVILLE Twp Buffalo TwP ST MICHAEL Hassan BLAINE Chatham BUFFALO - T'aWnROGERS367 DAYTON 767 SoTwraet Twp 340 366 COON 764 ".CENTERVILLE 705 P HANOV PLIN PIDS CIRCLE HUGO SING PINES LINO LAKES J BROOKLYN PA, LExINGTON —772 SOMERSET Rockford OSSEO PARK MOUNDS WNte Bear MaTry`vspville t TwP 365 364 X77 VIEW T k ' 77� SHOREVIEVY Twp ROCKFORD Somerset 8O5 AFtDEN NORTH OAKS Tw,p v MAPLE 768 ILLS 706 708Mn WAVERLY GROVE RIDLEY NEW 4 e MONTROSE BRIGHT O1 SHOREVIEW OKLYN St Joseph Y NTER i L ',6'6`': icnTS iuc uce TwP 77a 765 R w DE'- 6 301 LITTLE s� ' Woodland Franklin l 3 SD .,NY 702 CANADA 7,�2^1.T uoarH - Twp Twp ROSEVILLE //� H11PSO�. Hudson FALCON HEIGHTS MAPLE WOOD DALE 725 Twp E E 744 742 714 ELMO WATERTOWN IN L 716 LANDFALL HUDSON Watertown 20' HolTWP _ TwP Twp T 726 .T c—a s SAINT WOODBURY Troy so MAYER VIi; NEW ERMANY Waco TO ® SS T NE PO I Twp 398 CHANHASSEN 396 392 $" " Laketown SAINT 722 Camden WgCONIA Twp LAKE EDEN 380 PAUL .. Twp PARK 394 CHASKA PRAIRIE BLOOMIN EAGAN 608 Grey COTTAGE CTwpn ' 397 610 IVER Cloud GROVE GROVE land Chaska 640 HEIGHTS 617 NORWOOD rwp ,. YOUNG COLOGNE Dahl Jackson BURNSVILLE AMERICA Twfe Twp SHAKOPEE RESCOTT Young Benton p CARVE I1 .. 644 614 61M UNT Nininge Oak Grove America Twp LoTwPH ''"�q C e APPLE TwP ASTING ' Twp TwP :....PAIGE .;Ir VAGE V�L VALLEY TwP HAMBURG COATES 618 Washington Hancock Send Creek g San Franc sco 642 Credit Marshan Lake Twp ''''n TwP JORDAN TwP River 626 COAT VERMILLION Twp Ravenna TwP LAKEVILLE Twp 646 Spring 624 Vermillien 370 Frwpn wp FARMINGTON TwP A BE I E New, Welch ELAINE Markel TwP Twp Belle Plaine Helena Jes TwnPand BlTwpeY TwP Twp Lake Twp MARKET ELKO Eurek,i".�I' CasTwo Book NEW p 650 PRAGUE 648 " 660 630 RAN NNON HENDERSON Lanesburg Wheatland Webster Greenvale Waterford Scioto FAQ -�/ Twp Vasa ' Henderson TTwpe De"dane HEIDELBERGwp Twp Twp Twp TwP Tw Cannon Falls Twp 1 Q TwP 632 Stanton TwP Twp ill LE SUEUR 658 _ONSOALE ` www.mplsrealtor.com 2oo6 Residential Real Estate Activity Report 9 1 CITY OF,BROOKLYN N CENTER r r RESIDENTIAL NEIGHBORHOODS 2007 ASSESSMENT AVG. LOT VALUE 50 RIVER INFLtjENCE r r AVG LOT r .51 h1E $f$f;7,300 HEASRTFWES J�4 AVG LOT$59,000 s ri° AVG LOT$56,200 r EI FRONT �t .... r , ` AVG LET$1s00 * WEfi CENTEA � r - ; 11 1 AVG LOT$57,900 x r .. 54 UTHfA3T __ . r ..... } AVG LOT$57,400 EST 1 56 LAKE FRONT AVG LOT$58,200' 3 i > t AVG LOT$165, l0 r 9 , 1 { r 1/06 JB This map prepared by the assessing division for illustrative purposes only ' N W E 1 S 1 City of Brooklyn Center 1998 THRU 2007 GROWTH IN ' RESIDENTIAL ASSESSED VALUE AND TAX CAPACITY MEDIAN SINGLE FAMILY VALUE AND TAX CAPACITY TAX YEARS 1998 THRU 2008 ' Median Value Percentag Change a Tax Capacity Percentag Change e Single Family Residential $80,000 2.96% $842.50 1.02% Payable 1998 Single Family Residential $84,000 5.00% $903.00 7.18% Payable 1999 Single Family Residential $90,100 7.26% $992.65 9.93% ' Payable 2000 Single Family Residential $105,600 17.20% $1,248.40 25.76% Payable 2001 t Single Family Residential $119,300 12.97% $1,193.00 -4.44% ' Payable 2002 Single Family Residential o 0 Payable 2003 $140,200 17.52/o $1,402.00 17.52/o Single Family Residential $152,000 8.42% $1,520.00 8.42% ' Payable 2004 Single Family Residential $164,100 7.96% $1,641.00 7.96% Payable 2005 ' Single Family Residential $176,400 7.50% $1,764.00 7.50% Payable 2006 Single Family Residential $190,400 7.94% $1,904.00 7.94% Payable 2007 Single Family Residential $196,100 2.99% $1,961.00 2.99% Payable 2008 Current state law limits the growth in taxable value to an 15%increase from the previous ears 9 p Y taxable value,or 33%of the difference,whichever is greater,excluding improvements. For the 2007 assessment there are 1,013 parcels with limited market value. GABOARD OON2007 MLS SALES XLSJvalm vs c.Ve ty 4/21/2007 ' Residential 200 Values Residential 2007 Values REVISED 121'06106 Tar et 96.5 Number Median % Average Average Aver a Ratio #Rati os %Ratios #Ratios %Ratios Area of Sales Ratio C.O.D. Change Laadvatue E.M.V. Sale Price Range Under 85% Under 85% Over 106% Over 106% City(All Residential) I 468 ( 97.4 (.• 4.7 I �. $190,841 $195,946 80.8-'126.5 30 64/°� I\ 45 .� 9.62% City(SF 50-56) 388 97.3 4.9 3,0% $60,304 $199,719 $205,239 80.8.126.5 '.3 O77% 38 9.19% 006-9/06(SF 50-56) 230 96.9 44 $198,951 $204,880 50.8-126.4 1 1 0.43% 20 8.70 ' N 50 6 94.8 3.4 1.5% $67,274 $220,016 $233,158 88.3-102.6 0 0.00% 0 0.00 N 51 64 97.9 3.9 7.6% $58,971 $199,781 $203,771 85.5-117.3 0 0.00% 5 7.81% N 52 48 95.4 4.8 3.0% $59,159 $205,691 $214,095 87.3-116.9 0 0.00% 3 6.25% N 53 122 97.5 5.1 1.3% $57,875 $200,449 $205,123 80.8-123.0 2 1.64% 15 12.30% N 54 97 96.9 1 5.2 3.1% $57,742 $188,649 $194,956 86.2-126.5 0 0.00% 9 9.28% N 55 47 97.6 5.1 1.8% $58,249 $200,674 $204,489 84.7-110.2 1 2.13% 6 12.77% N56(RL's) 4 97.6 1.7 3.0% $175,726 $331,600 $342,313 93.7-95.9 0 0.00% 0 0.00% _ DIST MS 56 river 2 97.6 0.8 1.5 M. $184,615 $370,700 $380,000 96.8.98.3 0 0.00% 0 0.001/6 DIST TL 56 lake 2 96.3 2.7 3.9% $165,185 $292,500 $304,625 93.7-98.9 0 0.00% 0 0.00% Qal/Class 01 0 Qal/Class 02 0 Qal/Class 03 0 Qal/Class 04 15 102.7 3.9 $235,513 $227,967 96.7-118.0 0 0.00% 4 26.67% Qal/Class 05 27 97.4 5.5 $224,503 $228,322 87.3-116.9 0 0.000/0 4 14.81% Qal/Class 06 84 97.0 4.6 $204,932 $212,085 54.7-111.0 1 1.19% 6 7.14% Qal/Class 07 262 97.1 4.8 $193,445 $199,364 80.8-126.5 2 0.76% 1 24 9.16% Qal/Class 08 0 Qal/Class 09 0 Qal/Class 10 0 Qal/Class 11 0 ' Qal/Class 12 0 Sale Price under$140,000 3 108.1 7.8 $148,500 $136,538 96.3-121.6 0 0.00% 2 66.67% Sale Price$140,001 to$160,000 7 104.3 7.0 $164,585 $155,721 93,2-126.5 0 0.00% 3 42.56% Sale Price$160,001 to$180,000 38 101.7 5.7 1 $178,786 $174,798 86.9-123.0 0 0.00% 10 26.329/6 Sale Price$180,001 to$200,000 121 98.4 4.1 $190,908 $191,312 90.6-118.0 0 0.00% 18 14.88% Sale Price$200,001 to$225,000 164 95.6 4.1 $203,129 $212,091 86.0-110.2 0 0.00% 5 3.05% Sale Price$225,001 to$250,000 45 93.5 4.7 $219,664 $235,537 80.8-105.1 2 4.44% 0 0.00% Sale Price$250,001 to$275,000 5 98.9 6.1 $250,400 $259,250 88.3-104.2 0 0.00% 0 0.00% Sale Price$275,001 to$300,000 2 86.9 5.5 $244,850 $281,525 82.1-91.6 1 50.00% 0 0.00% ' Sale Price$300,001 and Over 3 96.8 1.6 $353,333 $366,667 93.7-98.3 0 0.00% 0 0.00 EMV under$V40,000 1 96.3 $132,000 $137,113 96.3 0 0.00% 0 0.00% EMV$140,001 to 1160,000 6 95.8 6.4 $149,116 $155,817 86.9-108.1 0 0.00% 1 16.67% EMV$160,001 to$180,000 36 97.1 4.1 $173,488 $177,730 86.6.121.6 0 0.00% 3 8.33% EMV$180,001 to$200,000 168 96.5 4.8 $190,529 197 54 85.2-126.5 0 0.00% 14 8.33° $ ,3 EMV$200,001 to$225,000 147 97.7 5.0 $208,788 $213,361 50.8-123.0 2 1.36% 17 11.56% EMV$225,001 to$250,000 23 99.9 5.1 $234,239 $237,874 82.1-110.2 1 4.35% 3 13.04 EMV$250,001 to$275,000 4 100.5 4.1 $265,550 $267,975 91.6-104.2 0 0.00% 0 0.00% EMV$275,000 to$300,000 ' EMV$300,001 and Over 3 96.8 1.6 $353,333 $366,667 93.7-98.3 0.00% 0.00% Rambler 284 97.1 4.8 $195,525 $201,034 80.8-126.5 2 0.70% 29 <10.21% Split Entry 25 %.4 4.5 $225,788 $236,106 52.1-108.4 1 4.00% 1 4.00% Split Level 28 98.6 5.1 $214,003 $219,082 85.2-115.5 0 0.00% 2 7.14% ' 11/4 Ex p. 32 96.7 4.8 $195,024 $200,536 86.9-111.0 0 0.00% 3 9.38% 1 1/2 Ex 10 98.6 7.9 $203,730 $204,249 58.2-115.0 0 0.00% 3 30.00% 13/4 Ex p. 3 97.9 233 $203,100 $214,167 97.7-104.3 0 0.00% 0 0.00% 2 Story 6 101.6 2.3 $237,850 $238,333 93.7-102.7 0 0.00% 0 0.00% t y., z, ' IIi hwa ewa 04) 13 97.4 3.4 $198,530 $204,092 91.0-1 05 0 0 0.00/0 0 0 00 Apartments -.04 8 99.4 2.6 $203,375 $206,819 90.3-103.7 0 0.00% 1 0 0.00% CommerciatUdustrial -.01) 5 98.5 5.1 $219,340 $223,260 91.4-109.3 0 0.00% 1 1 20.00 Then Street(-.02) 43 97.5 4.2 _ $191,211 $199,289 80.8-111.0 1 2.33% 1 1 1 2.33°/a Railroad -.04 1 97.2 $174,700 $179,800 97.2 0 0.00% 0 0.00% Park +.00) 20 97.1 4,0 $201,755 $204,280 91.9-117.3 0 0.00% 1 5.00% ' Airport( 03) 1 99.2 $210,200 $211,900 ".2 0 0.00% 0 0.00% All Townhouses 637 53 98.5 3.9 2.4 $28,779 $161,367 $164,055 89.1-109.4 0 0.00/ 5 N5.88% RAMBLERS 7 98.4 3.4 $168,985 $170,671 93.1-108.6 0 0.00% 1 sE/SP 17 97.2 4.3 $166,076 �$170,89489.1-107.1 0 D.00% 1 SPLIT LEVEL 5 100 1.1 $161,060 0 0.00% 0 1 1/2 Exp 2STORV 24 98.5 4.1 $155,875 , 0 0.00/ 3 Condominiums 25 96 7 2.9 0.4 $17 500 $107 356 $109,790 92 2 112 4 0 000/ 2 . Double's 2 93.2 2.5 4.5% $70,495 $293,150 $315,250 90.8-95.5 0 1 4.00% 0 0.00 15 month - dential\Ratios\2006 Res Ratios07asmt.XLS Prelim 2006 Asmt CITY OF BROOKLYN CENTER 2006 TOWNHOME SALE ANALYSIS 2007 ASSESSMENT SALES FROM OCTOBER,2005 TO SEPTEMBER,2006 NBHD TOWNHOME COMPLEX #of Units #SALES AVG.SALE PRICE 100 Evergreen Estates 8 0 No Sales 105 Rosemary Terrace 10 0 No Sales 110 Humboldt Square 8 0 No Sales 115 Rivenwood 21 0 No Sales 120 Brookwood 32 3 $167,025 125 Northbrook Est 8 1 ' $165,000 130 Madsen Floral 28 5. $160,540 140 Moorwood 36 3 $169,667 150-152 Hi-Crest 60 3 $150,667 160 Earle Brown Farm Estates 100 7 $141,636 170-172 Earle Brown Farm Townhomes 20 1 $178,900 180 Creek Villas 103 10 $167,918 190-194 Mallard Creek 206 17 $165,129 195 Beard Ave 4 0 No Sales 196 Riverwood Estates Townhomes 21 2 $197,450 197 France Ave 4 0 No Sales 198 jBfistol Village 21 1 $213,505 Totals 690 53 TOWNHOME SALES BY STYLE #SALES TOWNHOME STYLE AVG.MKT VALUE AVG.SALE PRICE 7 Rambler $168,985 $170,671 17 . Split Entry/Split Foyer $166,076 $170,894 5 Split Level $161,060 $160,540 0 1112 E xpansion $0 $0 24 1 Two Story $155,875 $158,013 GABOARDV007\[THSALES G7ASMT.XLS]Townhomes Sales 2008 CITY OF BROOKLYN CENTER ' 2006 TOWNHOME SALE ANALYSIS 2007 ASSESSMENT SALES FROM OCTOBER,2005 TO SEPTEMBER,2006 ' NBHD TOWNHOME COMPLEX #of Units #SALES AVG.SALE PRICE 100 Evergreen Estates 8 0 No Sales ' 105 Rosemary Terrace 10 0 No Sales 110 Humboldt Square 8 0 No Sales 115 Riverwood 21 0 No Sales ' 120 Brookwood 32 3 $167,025 125 Northbrook Est. 8 1 $165,000 130 Madsen Floral 28 5 $160,540 ' 140 Moorwood 36 3 $169,667 150-152 Hi-Crest 60 3 $150,667 160 Earle Brown Farm Estates 100 7 $141,636 ' 170-172 Earle Brown Farm Townhomes 20 1 $178,900 180 Creek Villas 103 10 $167,918 190-194 Mallard Creek 206 17 $165,129 ' 195 Beard Ave 4 0 No Sales 196 Riverwood Estates Townhomes 21 2 $197,450 197 France Ave 4 0 No Sales ' 198 Bristol Village 21 1 $213,505 Totals 690 53 ' TOWNHOME SALES BY STYLE #SALES TOWNHOME STYLE AVG.MKT VALUE AVG.SALE PRICE 7 Rambler $168,985 $170,671 17 Split Entry/Split Foyer $166,076 $170,894 5 Split Level $161,060 $160,540 0 1 112 Expansion $0 $0 24 Two Story $155,875 1 $158,013 GABOARD\2007\[THSALES 07ASMTALS]Townhomes Sales 2006 4/24/2006 COMMERCIAL AND INDUSTRIAL ANALYSIS 2006 VS.2007 2006 2007 New %Change °>4Change....." ' Type of'Pro a EMV Totals EMV'Totals Construction Excluding Improv. Including Improv. Auto&Gas Station $11,009,300 $11,305,300 $0 2.7% 2.7% ' Auto Dealers $26,261,900 $27,743,500 $0 5.6% 5.6% Banks $5,188,700 $5,495,8001 $0 5.9% 5.9% Bowling $1,480,000 $1,500,000 $0 1.4% 1.4% Day Care $726,000 $737,000 $0 1.5% 1.5% Fast-Food $4,692,000 $5,222,000 $895,000 -7.8% 11.3% ' Funeral Home $699,900 $763,500 $0 9.1% 9.1% Greenhouse/Farm/House $980,200 $1,143,300 $2,600 16.4% 16.6% ' Health Club $5,450,000 $5,450,000 $0 0.0% 0.0% Hotel/Motel $27,922,000 $31,246,000 $0 11.9% 11.9%° ' Medical Office $10,853,100 $12,095,2001 $0 11.4%° 11.4% Office Large $32,022,700 $35,199,100 $75,000 9.7% 9.9% ' Office Small $12,964,400 $13,976,100 $80,700 7.2% 7.8% Office Condominiums $2,118,000 $2,214,000 $0 4.5% 4.5% ' Restaurant $10,3969000 $10,662,000 $0 2.6% 2.6% ' Retail w/Anchors $609629,000 $63,7249000 $450,000 4.4% 5.1% Shopping Centers $32,369,800 $33,137,300 $85,000 2.1% 2.4% ' Theater $119965,000 $12,325,400 $0 3.0% 3.0% Vacant Land $49137,300 $4,416,000 $0 6.7% 6.7% ' Veterinary $4399000 $449,000 $0 2.3% 2.3% Commercial Total $262404,300! $278,804,500, $19588,300 5.7% ! 6.3%' ' Industrial North $7598859000 $839473,400 $0 10.0% 10.0% Industrial South $389884,000 $40,709,100 $0 4.7% 4.7% ' Industrial Total $1114 769,000: $124,182,500 $0 8.2% 8.2% Total C 8i I Assessment $3778739300 $402,9879000 $1;588,300 6.5% 6.9%' ' G:\SPREDSHMssessor\2W7cial2W7 GrowthALS12007 C&1 COLLIERS TURLE ' MARTIN TUCKFit ' Jeffrey L.LaFavre,CCIM,MCR,SIOR Managing Prtn�pa! ' Dear Clients and Friends: Colliers is proud to present the 2046 year-end Minneapolis/St. Paul market report. ' f lip, 2046 was another good year for the commercial real estate industry,even though some f AV segments did not experience the strength of 2045.The investment market continued its success from the previous year,setting a record for the number of sales and sale prices ' throughout the Twin Cities,as well as across the nation. This activity is expected to continue into 2407. The office market continued its positive absorption trend. New developments were ' limited, but with increasing rental rates and limited amounts of large contiguous blocks of space, look for announcements of more new office development in 2047, These an- nouncements could also include the groundbreaking of the first new office tower in ' downtown Minneapolis since 2001. 3 The industrial market continued to strengthen in 2006.While absorption was down 60% from 2005,the pent up demand continued to fuel growth.Speculative new construction ' was limited, but as rental rates rise,expect to see more development in 2047. Detail saw over 1.2 million square feet of new construction in 2006, even though the ' market experienced negative absorption and shows signs of cooling.Surprisingly,vacancy rose only slightly in the overall market,which is a testament to the strength of the Twin Cities'retail market, Expect to see another year of new developments in 2447,with over ' 3.2 million square feet currently under construction. Multi-family housing was helped by a slumping housing market,rising interest rates, and many struggling condominium projects.Vacancy rates declined in 2006,and effective ' rental rates were up due to increases in asking rents and diminishing concessions. The medical office market is one of the fastest growing market segments currently in ' the Twin Cities.With a current estimate of 4.6 million square feet of medical space,and Aft another 9%anticipated in 2007, we anticipate much focus on this segment. We look forward to updating and forecasting all the trends that will go with it in future reports. I On behalf of our Colliers team,we thank you for allowing us to work with you in making sound financial decisions related to your real estate holdings. In 2407 we commit to continuing to expand our relationship with you through superior service and advice. i ' Sincerely, »AE V Jeffrey L. LaFavre,CCIM, MCR,SIQR ' Managing Principal Expect 2007 absorption to Office be similar to 2006.Solid, but ICI not stellar, • Big blacks of Class A space are in short supply. Introduction ' w" Another significant n The Twin Cities office market had another s ca t star for 2006 was the g y • Modest rent growth will solid year in 2406.The market consists of 467 sale and subsequent conversion of office occur In the Class B market multi-tenant office buildings that are 30,000 buildings to residential or hotel usage.Three this year; square feet (SF) or greater. The overall prominent buildings in the Minneapolis COD market size is 67,139,340 SF,spread across I I are slated to become hotels in 2007:Foshhay • Build-to-suit activity will pull market sectors. Tower,the Farmer's and Mechanic's Building, some big users out of the and Midland Plaza. St. Paul has several build- multi-tenant market. The overall absorption for the market was ings that are considering converting all or a 741,358 SF, down from the 1,442,548 SF portion of their space to residentlal,,housing. from 2405. The overall vacancy in the mar- Both situations remove available cornpetio," ket dropped from 18.7%in 2005 to 16.9 ,in office space from the market. 2006. ' A contributing factor to the lower vary In One of the bigger stories for 2006 was the re- 2006 was the limited new construction in,,the cord number of office building sales,including multi-tenant market.There have been several large sales in both central business districts. planned and proposed new d ments, but ' In the Minneapolis CBD the average sale price only a handful have begun construtdon and of a Class A building was $184 per square only three carne online in 2006-all in'the foot Class 8 was$68,and Class C buildings Dakota County market sector. averaged $185 per square foot. When you look at the volume of sales compared to the The lads of new construction has added a new total square footage of the total CBD market, dynamic to the marketplace, and that is the Class A sales represented 24 of all available reduction of large blocks of contiguous Vic* ' Class A space,while Class B and Class C sales available.Large blacks of 40,000 SF and larger were 10%and 39% respectively. have dropped from 128 two years ago to 12' in 2006. Each market sector saw a decline ' In the St. Paul CBD, Class A buildings sold for in these availabilities except the Northeast, an average of$152 per square foot,Class B which saw an increase. When eve€v larger at$103,and Class C at$29.Can a percentage blocks of space are considered,the 100,600 t of square footage. Class A sales represented square foot availabilities dropped from 4'6 39%of the space,while Class B was 16 and options two years ago to just 15 in 2006.All Class C was a mere 5%. market sectors but the Northeast again had reductions,with several of the markets not ' There were many sales in the suburban area having any options at this time. of the Twin Cites as well in 2006. The sale COMERS TURLEY prices were not as high as those commanded The markets were about split in half between MARTIN TUCKER by the CBD market, but the average sale of positive and negative absorption.Positive ab- CI{ER Class A buildings in the suburbs was$136 per sorption occurred in the West, Minneapoft square foot, Class B was $100, and Class: C CBD,Southwest,Dakota County,and Minne- ' was$92, apolis,contributing to the absorption in that Commercial Real Estate Services order. The other six markets had negative � We know fie State of Real EstaW a F � 3 �r bsorption, but the largest amount of nega- e. Office Abso 00j*'- � Ct ve absorption was not as big as the smallestq positive absorption,thus leading to an overall y MA ositive year. Y � � s WW-VI a _ N' M stP;area'.�udlu r E�;rfa*v�t�rr�rrF 7°�3r.�� v f Year Class A Vacanty Rates Comparison c M A � L r 3 f •.ns�..ca k a. u �. R RE"111,11 VVe know the State of Real Estate"' UP e � .�.., �;.�_.,�� .3��Y. .�. .�s.`�.�`.�✓�<" '-tea,...`�. `E ay q � e. w • Franchisors are having ' difficulty finding franchisees , to meet their growth goals. ' * institutional shopping center investors are scrutinizing Introduction the upside potential of deals The Twin Cities retail market continues to SF and 180,000 SF.There are 283 neighbor- carefully. be a strong and vibrant market. The overall hood centers accounting for 20,495,221 SF; ' market for multi-tenant buildings over 30,000 Due to the downtown Minneapolis Central SF is 57,539,146 SF.The market is split into Business District(CBf3) having many unique four retail classifications. The largest of the characteristics, these buildings are classi- size classifications are regional centers,which fled separately with 13 buildings comprising are retail centers over 300,000 SF that have 1..359,746 SP at least one or ma"l department store.There P are 24 regional centers totaling 19,656,112 SF. The overall retail market saw negative absorp- ' Community centers range in size between tion this year of 348,095 5F moth regional 180,000 SF and 540.000 SF and are anchored and community centers experienced nega- by a discount, small department or variety tive absorption of 299,435 5F and 359,462 SF ' store and quite often include a drug store, respectively. Neighborhood centers exper- supermarket or warehouse grocer.There are enced positive absorption of 411,991 SF.The 70 community enters totality 16.298,378 SF, CBD buildings were unchanged in 2006 Y g .One The smallest sized classification are the neigh- of the biggest contributors to the negative w development ' the influx of ne ' boyhood centers Gaming in at between 30,000 absorption is ¢+ totaling more than 400,000 SF. f 4�Year Retail Vacancy by Specific Use ERS "TURN )NAL 1 3 s"aq a r MARTIN TUCKER F � a Ca me vial Reset Estate Seyvices �,°t We know the State of Real a i... "'. .«x.. y N �W acancy in the overall market had a slight Grill, Umbria Pizza,Little Caesar's Pizza,Salad crease from 5.8% at the beginning of the Creations and Homemade Pizza, year to 6.2%by year end. Community centers I d CBD classes experienced no change from Another shift in the retail market is the move 45 remaining at 3.4% and 18.0%. corre- retailers are making to expand the shopping ondingly. Neighborhood centers rose from experience.This can be seen in several stores 6.5%to 7.5 and regional centers climbed to that are either expanding services like Becker ,5%,up from 6.1%a year ago. Furniture,which has added 2nd Wind,Valley Pool and Spa, and Benjamin Moore Paints One aspect of retail that is makes it unique into their existing stores. Another example m the other property types is that it is con- is the addition of movie complexes to retail intly challenged by the consumer population centers. This is a counter-trend of the past to keep itself fresh and updated. There are decade where theaters were moved out of veral new restaurants that have entered the retail centers.The new movie complexes are in Cities market. Cosi`s, Moe`s Southwest becoming more of a destination than just a place to watch a movie. Rates by Selecte e P OW a$ t Y Xi f�,`''r z6 r^a�s.rsi 3 z e 5 aar � "v'�tiE e y` zx s��N-f� r��R'��'". s^�`.. 4z � X-1 M M is x Y 1 d 3 ,< > si 21 _VI - � h rf t x' INK 2 ON .t 3 ryl Vll R , Y- , r xr WIMW t`VF "M, ra rte a � a - a 2; gu .� r�.a a"`" W. s We € � f a a , know the State of a; � : • Empty user buildings aretr1 � F selling fast due to demand and price versus building new. ' Speculative development will Introduction pick up in 2007. The Twin Cities industrial market had another There are 263 office showroom {OS} build- year of positive absorption, building on the ings over 25,040 SF. These buildings differ ' •upward rent pressure is ,gains from 2005. The industrial market is from OW as they typically have lower ceiling coming,as there is now 91,681,664 square feet(SF), spread over 10 heights and higher percentage of office finish, competition for spaces within market sectors and 1,050 buildings. The OS buildings account for 18,214,108 SF. existing projects and a There was 59,091 SF of absorption in this class ' lack of nearby geographic The largest segment of the industrial market is which reduced vacancy slightly from 11.6%to alternatives. the office warehouse (OW) buildings,There 11.5%, is 53,719,648 SF in 671 OW buildings that are ' • Absorption would be higher, multi-tenant and over 25,000 SF in size.This The market is also made up of 116 bulk ware- except for the fact that building class was also the best performing house (BW) buildings that are 50,000 SF or manufacturing jobs have market wide with 1,076,219 SF of absorption. larger. There is 19,747:908 SF of BW space ' been reduced and greater Vacancy in this class dropped into single digits in the Twin Cities. BW space had positive efficiencies are occurring for the first time to 8.6%,down from 111% absorption of 120,233 SF,dropping vacancy with fewer workers. last year. from 20.2%to 17.8%. ' ntyandAski .» . s xHI 3y,. Y T Y .y dn` xi ,Ay- 'JI 5111 �v ,'�€_:• _'"r:- '"aim "* „" vT wi ,�`r. \' 3 $. a � a COLLIER T ISLE i INTERNATIONAL MARTIN k TUCKER ., C Ci d C£1T21tT1t:Yt:tal Real E3tftCr.' Se s �°`� ��.� �i� � � ;:ass. ��x�;°aaat��s��`*�...� � '� I Us 2046,overall absorption far the market1,255.543 SF, down from 4,523.000 SF z in 2005, While some might consider this a ignificant drop off from the year before,the igh absorption in 2(}{}S was primarily due to ? ent up demand that had existed in the mar- r ketplace since 2001.The overall vacancy for e market declined.from 13.2 to I l.2 4 " A significant story in 2006 was the fact that ka r the first time in five years,owners pushed < he asking rates up largely due to the high cost M > Y f new construction. The average increase in � , y asking rents across the industrial market was x In 2006 there was limited speculative con- � truction in the multi-tenant industrial ' f q arket. Two contributing factors were the f ,. high cost of construction and the high land osts. any an owners are still holding or the inflated values that were generated by he residential development boom of the past s � � �- ,�:.yes r � �'' .; �.�� y ,�.` �,: "�''."..• few . Even in situations where land can years .k r. e purchased at a reasonable price, there is till the issue of gaining approval from the city g ' for an industrial development. , y " Industrial job ,growth continues to be a struggle for the Twin Cities market. In the anufacturing sector,the number of jobs has lien by over 13 in the past decade. ; sP P , r � 6a e . ':M a F V 7 3 d z •3"f F v' .nw •rygM .`�'a NO We t know the State of - � \ R'` i City of Brooklyn Center Apartment Assessment Details APARTMENT ANALYSIS 2007 VS. 2006 %Change 2007 Average 2006 Average 2007 EMV Totals 2006 EMV Totals New Construction Excluding Improv. Average EMV' EMV Per Unit EMV Per Unit' 4-5 Units _ $7,612,000 $7,926,000 $0 -4.0% $380,600 $95,150 $99,050 6-8 Units $2,406,000 $2,476,000 $0 -2.8% $481,200 $70,765 $72,824 10-12 Units $8,186,000 $8,351,000 $0 -2.0% $629,700 $56,068 $57,200 18-36 Units $11,078,000 $11,459,000 $0 -3.3% $1,384,750 $55,390 $57,355 48-75 Units $29,669,000 $30,902,000 $0 -4.0% $392961556 1 $499531 $511600 76+ $111,211,000 $112,0629300 $0 -0.8% $69950,688 $49,848 $529294 Total Apartment Asmt $170,162,000 $173,176,300 $0 -1.7% $139123,494 $62,792 $65,054 Total Co-Op Asmt (1 Complex'-112 Units) $7,677,200 $7,677,200 $0 0.0% $7,677,200 $68,546 $68,546' k #Iulti-family Housing Market Lwas a ear ood for metre g y apartment owners and "Effoctive rents are 2007 is shaping up to be even better. How good? Effec- Alb rents are finally moving upward and concessions are a finally t=acv=rig u0word appearing and real rent increases are being achieved M> s ✓* µ FfK for the fast time in five years.Look for 3%rent increases 5 and concessions sire average in 2007. »F dis,�ippeoring and real Ire are numerous factors driving this positive change. First,15 the lack of new construction,Less than 1000 units rent inc"rE°U'>es re be added in 2007,about the same as 2006. There will y> tome"broken"condos going rental,but it is a relatively �, being achieved for small number.Those will generally compete with Class A r, x rtments. the first time ire five a zt s econd,.the affordability gap between costs of home " ownership and rental housing grew this past year. The ian home price and mortgage loan interest rates grew. I* Ile apartment rents only increased slightly. Defaults on -. home loans have also pushed rental occupancies upward. stable rate mortgages, a primary tool of first time e buyers,have become much more expensive during 'r 2006 clue to the run-up in short term interest rates, N �� 3s � .. may. :. III T d,2006 saw the largest increase in new jobs since they: 3 e earl 1980s and the demand for apartments a `> Y p tments will continue z to row as the metro adds new jobs, and a smaller per- , "< c age of young people buy homes. The metro-wide vacancy fell again in 2006,dropping from SWk in 2005 down to 4.0%, Scott County and Wash- "0 injon County both had a rise in vacancies of 2.3%and 3.2%respectively.All other market sectors had an average :)f662%decrease in vacancies, led by a 2.1%decrease in eapoiis. � ,n, Overage rent in 2006 rose in all market sectors. The iri- Ies ranged anywhere from 0.99% in the Northwest r to 3.95%in the Northeast sector depending largely 3n product class. rA'?tay marml rte Ae We know the State of Real Estate,�' OR, Is 3}�Ly APARTMEW. ALES - UNDER 7 UNITS 2006 - RATIO STUDY 12/5/2006 100 (22 ) BROOKLYN CENTER WOJCIK PID SALE PRICE DATE CE PRICE 01-118-21-31-0061 508,000 200606 508,000 5500 BRYANT AVE N, 4 PLEX APT 10-118-21-32-0063 372,000. 200606 372,000 4216 LAKEBREEZE AVE N, 4-PLEX APT 25-119-21-42-0042 393,700 200608 393,700 7250 WEST RIVER RD, 4 PLEX 25-119-21-42-0044 393,700 200606 393,700 7230 WEST RIVER RD, 4 PLEX i CITY TOTALS COUNTY TOTALS SALES: 4 SALES: 13 MEDIAN: 104.2% MEDIAN: 102.7% MEAN: 102.6% MEAN: 103.8%° AGGREGATE: 102.1% AGGREGATE 102.8% COD: 3.1 COD: 6.6 i i APARTMENI SALES - 7 UNITS OR MORE 2006 - RATIO STUDY 12/5/2006 100 (22 ) BROOKLYN CENTER WOJCIK CITY TOTALS COUNTY TOTALS SALES: NONE SALES: 35 MEDIAN: N/A MEDIAN- 97.0% MEAN: N/A MEAN: 95.8% AGGREGATE: N/A AGGREGATE: 88.2% COD: N/A COD: 9.4 I i I Appearances by taxpavers with an appointment Mr. Randy Bennett ' 3613 Violet Avenue N. PID #27-119-21-42-0126 ' Ms. Lorna Jacob 4212 62nd Avenue N. ' PID # 34-119-21-34-0042 Mr. William Kenny 7036 Willow Lane ' PID #25-119-21-44-0023 Mr. Henry Yang 6207 Regent Avenue N. PID # 33-119-21-43-0012 1 Mr. Michael Barthold 7216 Willow Lane PID # 25-119-21-41-0062 Mr. Ralph Thomas Americlnn 2050 Freeway Blvd. PID # 35-119-21-13-0021 1 Ms. Rosita Acosta 5949 Xerxes Ave N. PID # 03-118-21-11-0111 ' Ms. Rosita Acosta 5913 Admiral Lane ' PID # 03-118-21-21-0009 ' Mr. Randy Bennett 13613 Violet Ave N. ' An interior review was completed on 3/28/2007 and an appraisal report has been included. Mr. Bennett has provided a copy of an appraisal from C.U. Mortgage ' Services Inc., dated December 30, 2003, indicating a value of$150,000. Mr. Bennett has also provide a market analysis from three realtors. ' A market analysis from Mr. Nicholas Montgomery, Market Link Realty, indicated an average sold status comparable price of$211,480 in 28.60 days. Additional comparable sold properties, within the same report, indicate a range of adjusted price from $164,950 to $171,550, and include a sale from 7313 Kyle Avenue N., ' Brooklyn Park. A market analysis from Dawn Polston-Hock, Dawn Realty, indicated an average ' comparable sale price of$178,317. The range of comparable sold properties after adjustments was from $123,200 to $175,000. Of the six sales used, 6442 ' Orchard Ave and 3407 72"d Ave, were both foreclosed properties and should not be used as open market sales. A market analysis from Mr. Thomas Walters The Walters Group, indicated an Y � P� ' average sold price of comparable homes of$194,119. Mr. Gary Walters, The Walters Group,indicated an average of comparable sales of$175, 996 but included foreclosed sales. Of the ten sales used, 6442 Orchard, 5118 ' Winchester La., 7030 Regent, and 6824 Regent were all foreclosed properties. The property located at 4911 Brooklyn Blvd. does not have a full basement in ' comparison to the subject property. ' A copy of each market analysis has been included. Due to the date of the appraisal and the restrictive use of appraisals, copies of the December 30, 2003 appraisal were not enclosed, but copied for the homeowner to distribute. If the owner is not satisfied with the outcome of the Local Board of Appeal they ' may appeal to the County Board of Appeal and Equalization. ' 1. A. Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. B. Questions addressed to the owner regarding the market value or classification. ' 2. A. Assessor's statement of value or classification and presentation of factual information regarding the property. B. Questions addressed to the Assessor. ' 3. Action by the Local Board of Appeal and Equalization Local Board of Appeal select one of the following: A. Make no change and sustain the 2006 estimated market value or classification. B. Reduce the 2006 estimated market value. C. Increase the 2006 estimated market value. CITY OF BROOKLYN CENTER ' LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment ' APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 ' You must return this application by April 13 2007 to be placed on the Agenda for the Local Board of Appeal and Equalization i April 30, 2007, 7:00 P.M. Name(s) �c/,/ L�jC�•��' ' Daytime yt a Contact Number: Property Address Property Identification Number 2007 Estimated Market Value What is the reason for our 2007 assessment t appeal. �Wa74e, `, /�Oo o,� s�OdS'/1rs .�a��r�a.��oc��.7� itor✓.-i� ��G��c-�`' ' When did you purchase your home? Date of Purchase 20 Purchase Price �. zf ' Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. Have you had a recent appraisal for refinancing, purchase or a market analysis by a ' real estate agent completed within the last year? CeS7or No If so, what was the determination of value? ' Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. In order to appeal your valuation an appointment to view the property will be required. ' Ms. Lorna Jacob /4212 62nd Ave N. ' An interior review was completed on 4/02/2007 and an appraisal report has been included. Ms. Jacob provided a market analysis by Sandy Maxwell, Counselor Realty, which indicated a list price range of$163,300 to $173,400. Of the total ' sold sales used as comparables, six of the properties were foreclosed, bank owned or sold by Sheriff sale and not representative of an open market ' transaction. A copy of the market analysis has been included. ' If the owner is not satisfied with the outcome of the Local Board of Appeal they may appeal to the County Board of Appeal and Equalization. 1. A. Owners statement of estimated market value or classification and presentation of factual information regarding the property. B. Questions addressed to the owner regarding the market value or ' classification. 2. A. Assessor's statement of value or classification and presentation of factual information regarding the property. ' B. Questions addressed to the Assessor. ' 3. Action by the Local Board of Appeal and Equalization Local Board of Appeal select one of the following: A. Make no change and sustain the 2007 estimated market value or ' classification. B. Reduce the 2007 estimated market value. C. Increase the 2007 estimated market value. CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 ' You must return this application by April 13, 2007 to be placed on the Agenda for the Local Board of Appeal and Equalization ' April 30, 2007, 7:00 P.M. Name(s) Lo�h JA- ei�p Daytime Contact Number: &3 ' Property Address Property Identification Number 12 �6 " / ! 90-j21 � r ' 2007 Estimated Market Value /�d , =�2 What is the reason for your 2007 assessment a peal? Al�74 1 ' When did you purchase your home? Date of Purchase16 �� Purchase Price ' Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. r Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? Yes or No If so, what was the determination of value? -�--� ' Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. ' In order to appeal your valuation an appointment to view the property will be required. ' William and Kimberly Kenny 17036 Willow Lane ' An interior review was completed on 4/11/2007 and an appraisal report has been included. Mr. Kenny has not provided market documentation prior to the Local Board of Review. I If the owner is not satisfied with the outcome of the Local Board of Appeal they ' may appeal to the County Board of Appeal and Equalization. 1. A. Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. ' B. Questions addressed to the owner regarding the market value or 9 9 classification. 2. A. Assessor's statement of value or classification and presentation of factual ' information regarding the property. B. Questions addressed to the Assessor. ' 3. Action by the Local Board of Appeal and Equalization Local Board of Appeal select one of the following: A. Make no change and sustain the 2007 estimated market value or classification. B. Reduce the 2007 estimated market value. C. Increase the 2007 estimated market value. 1 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 ' You must return this application by April 13 2007 to be placed on the Agenda for the Local Board of Appeal and Equalization ' April 30, 2007, 7:00 P.M. Name(s) W \<e v\,v` Qv-L.A ke ,A,,� 1 Daytime Contact Number: 76 -S , 0- 033 q ' Property Address -703 (n L<at- l-e- 9C , Yyl N S5� Q Property Identification Number -)-i,� - ` -! - 2007 Estimated Market Value-1 `379 t-7 ocl ' What is the reason for your 2007 assessment appeal? -Tk4P es+-i -ecQ AW-7 v,�) 1`,e i S move_ �a ' r ThQ .� No{ 1 v � co le Sr4 I .�—(��Ae v-nti.;v\Q- v&d L) Pe- When did you purchase your home? p Date of Purchase—1 Purchase PAC ) 6 / 00 ' Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. 1 Have you had a recent appraisal for refinancing, purchase or a market analysis by a ' real estate agent completed within the last year? Yes or If so, what was the determination of value? ' Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. 1 In order to appeal your valuation an appointment to view the property will be required. Mr. Henry Yana /6207 Reaent Ave N. An interior review was completed on 4/06/2007 and an appraisal report has been included. Mr. Yang provided a market analysis by Masoon Khan, Realtor, which indicated a range of price between $142,000 and $230,000 for active, pending, ' expired, canceled and sold listings. The comparative market analysis indicated an average sale price of sales from December, 2006 through March, 2007 of ' $185,920. Of the total five sold sales used as comparables, 6442 Orchard Ave N., was a foreclosed sale and not representative of an open market transaction. ' A copy of the market analysis has been included. If the owner is not satisfied with the outcome of the Local Board of Appeal they ' may appeal to the County Board of Appeal and Equalization. 1. A. Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. ' B. Questions addressed to the owner regarding the market value or classification. 2. A. Assessor's statement of value or classification and presentation of factual ' information regarding the property. ' B. Questions addressed to the Assessor. ' 3. Action by the Local Board of Appeal and Equalization Local Board of Appeal select one of the following: tA. Make no change and sustain the 2007 estimated market value or classification. B. Reduce the 2007 estimated market value. C. Increase the 2007 estimated market value. CITY OF BROOKLYN CENTER ' LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 ' You must return this application by April 13 2007 to be placed on the Agenda for the Local Board of Appeal and Equalization ' April 30, 2007, 7:00 P.M. Name(s)-- Effp2V la MC Daytime Contact Number:C_2- 103 - -2 7 4 � ' Property Address o Ar S- 2q ' Property Identification Number 33_!I q_ I-4 3 -0 D l �Z 2007 Estimated Market Value ' What is the reason for your 2007 assessment appeal? ' When did you purchase your home? Date of Purchase R _ Purchase Price 7 R 0'5-0 ' Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated ' cost. Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? Yes or No If so, what was the determination of value? ' Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. ' In order to appeal your valuation an appointment to view the property will be required. Mr. Michael Barthold 17216 Willow Lane An interior review was completed on 4/12/2007 and an appraisal report has been ' included. Mr. Barthold has not provided market documentation prior to the Local Board of Review. If the owner is not satisfied with the outcome of the Local Board of Appeal they ' may appeal to the County Board of Appeal and Equalization. 1. A. Owner(s) statement of estimated market value or classification and ' presentation of factual information regarding the property. ' B. Questions addressed to the owner regarding the market value or classification. 2. A. Assessor's statement of value or classification and presentation of factual information regarding the property. B. Questions addressed to the Assessor. 3. Action by the Local Board of Appeal and Equalization ' Local Board of Appeal select one of the following: ' A. Make no change and sustain the 2007 estimated market value or classification. ' B. Reduce the 2007 estimated market value. ' C. Increase the 2007 estimated market value. 1 1 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment ' APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 ' You must return this application by April 13 2007 to be placed on the Agenda for the ' Local Board of Appeal and Equalization Ap it 30, 2007, 7:00 P.M. Names) ,' ` \ Q� � Daytime Contact Number: 76-3 s r o2c�� ' Property Address Property Identification Number d S- /)9- ,)l A 1- W 66 2007 Estimated Market Value gogM What is the reason for your 2007 assessment appeal? ' When did you purchase your home? Date of Purchase a acro Purchase Price �7�' S .610 ' Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated ' cost. c�-f qtr s V0.t�`S C� S.,O©co Have you had a recent appraisal for refinancing, purchase or a market analysis by a ' real estate agent completed within the last year? Y_ es or No If so, what was the of value?determination ' Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. In order to appeal your valuation an appointment to view the property will be required. ' Americlnn — Mr. Ralah Thomas / 2050 Freeway Blvd. An interior review was on completed /17/ 4 2007 Due to the confidential nature of net rentable area, income and expense data that was provided by the owner, the information was reviewed and analyzed by the City Assessor, but market information has been used in all reports. Income and Expense information is ' considered confidential and has been copied for the owner to distribute at his discretion. Any information provided by the owner that is considered public has been included. If the owner is not satisfied with the outcome of the Local Board of Appeal they ' may appeal to the County Board of Appeal and Equalization. ' 1 A. Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. B. Questions addressed to the e wn regarding or owner egard ng the market value ' classification. 2 A. Assessor's statement of value or classification and presentation of factual ' information regarding the property. ' B. Questions addressed to the Assessor. 3. Action by the Local Board of Appeal and Equalization ' Local Board o rd of Appeal select one of the following: A. Make no change n i e d sustain the 2007 estimated market value o r classification. B. Reduce the 2007 estimated market value. ' C. Increase the 2007 estimated market value. CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment ' APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 ' You must return this application by April 13, 2007 to be placed on the Agenda for the Local Board of Appeal and Equalization ' April 30, 2007, 7:00 P.M. Name(s) YA o M q-S/ Daytime Contact Number: 6 ! ' Property Address a o So �� ' j Q ��d cow Ic(yam ��n t,�f�„�,v 55�(36 Property Identification Number 3 S \ — \ — 13 — oO a 2007 Estimated Market Value ' What is the reason for your 2007 assessment appeal? 17,0— a007 q SScs 1 sQ-rl- jel c r-e4 Je <n l " .Le 4nJ5 lc( ie- &, -&d (br . r�. °�Y When did you purchase your home? U'# P -4 Date of Purchase j Jto f o 6 Purchase Price ytid�ra�oo-o ' Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated . cost. nna r A"g-p /(R�4 loti 16 re�(��.� ��o�rc-� -14cr% � j.;':;�6--1) 1 Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? Yes or No If so, what was the determination of value? _ %To ga o le s- '223,4y-'20 pe r5o� ' Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. ' In order to appeal your valuation an appointment to view the property will be required. Ms. Rosita Acosta / 5949 Xerxes Ave N. Ms. Acosta contacted our office by letter regarding her 2007 estimated market ' value on April 12, 2007. The City Assessor contacted Ms. Acosta regarding scheduling an interior review. Ms. Acosta was unable to schedule an interior ' review by April 13, 2007. An appeal application was mailed to Ms. Acosta to complete. The application of appeal was received by the Assessor's office on ' April 13, 2007. No market information has been provided by Ms. Acosta. The Assessor's office has provided the property characteristics, a value history, recent sale record and market data of comparable homes for review. An interior ' review of the home will be necessary for the appeal to continue. ' If the owner is not satisfied with the outcome of the Local Board of Appeal they may appeal to the County Board of Appeal and Equalization. ' 1. A. Owner e (s) statement ment of estimated market value or classification and ' presentation of factual information regarding the property. B. Questions addressed to the owner regarding the market value or ' classification. ' 2. A. Assessor's statement of value or classification and presentation of factual information regarding the property. B. Questions addressed s d to the Assessor. ' 3. Action by the Local Board of Appeal and Equalization Local Board of Appeal select one of the-following: A. Make no change and sustain the 2007 estimated market value or ' classification. ' B. Reduce the 2007 estimated market value. ' C. Increase the 2007 estimated market value. CITY OF BROOKLYN CENTER 1 LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment ' APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 1 You must return this application by April 13 2007 to be placed on the Agenda for the Local Board of Appeal and Equalization 1 April 30, 2007, 7:00 P.M. / r Name(s) Daytime Contact Number:-4—,ZS _7 -7=6�af , 1 Property Address l X C'-/,--1C e3 Property Identification Number 2007 Estimated Market Value / What is the reason for your 2007 assessment appeal? — 7 & l 1 � J 1 1 When did you purchase your home? Date of Purchase °,WZ�11;or Purchase Price 4/� M/k 1 Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. Have you had a recent appraisal for refinancing, purchase or a market analysis by a 1 real estate agent completed within the last year? Yes or No If so, what was the determination of value? '/w, -5�AnL47L 1 . Please bring all documentation su pp ortin g y our claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. 1 In order to appeal your valuation an appointment to view the property will be required. Ms. Rosita Acosta / 5913 Admiral Lane Ms. Acosta contacted our office by letter regarding her 2007 estimated market ' value on April 12, 2007. The City Assessor contacted Ms. Acosta regarding scheduling an interior review. Ms. Acosta was unable to schedule an interior review by April 13, 2007. An appeal application was mailed to Ms. Acosta to complete. The application of appeal was received by the Assessor's office on April 13, 2007. No market information has been provided by Ms. Acosta. The Assessor's office has provided the property characteristics, a value history, recent sale record and market data of comparable homes for review. An interior review of the home will be necessary for the appeal to continue. If the owner is not satisfied with the outcome of the Local Board of Appeal they may appeal to the County Board of Appeal and Equalization. 1. A. Owner(s) statement of estimated market value or classification and ' presentation of factual information regarding the property. B. Questions addressed to the owner regarding the market value or ' classification. ' 2. A. Assessor's statement of value or classification and presentation of factual information regarding the property. ' Questions B. i Q sons addressed to the Assessor. ' 3. Action by the Local Board of Appeal and Equalization ,Local Board of Appeal select one of the following: A. Make no change and sustain the 2007 estimated market value or ' classification. B. Reduce the 2007 estimated market value. C. increase the 2007 estimated market value. CITY OF BROOKLYN CENTER ' LOCAL BOARD OF APPEAL AND EQUALIZATION 2007 Assessment ' APPLICATION FOR APPEAL March 23, 2007 through April 13, 2007 ��, ' You must return this application by April 13, 2007 r to be placed on the Agenda for the ' Local Board of Appeal and Equalization April 30, 2007, 7:00 P.M. Names) Daytime Contact Number: ZZ ' Property Address �2L'!aP"6 4 Property Identification Number 2007 Estimated Market Value What is the reason for your 2007 assessment appeal? ,ZL ZI `S h e z 'o/ Ec�'s� When did you purchase your home? Date of Purchase Purchase Price ' Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. 1 �ndc: Have you had a recent appraisal for refinancing, purchase or a mar et analysis by a real estate agent completed within the last year? Yes or No If so, what was the determination of value? 2224 fl AeP r''T_/�g7��G ' Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. In order to appeal your valuation an appointment to view the property will be required. RECEIVED APR 12 ID9 Appearances by taxpayers without an appointment The following format is recommended for each walk-in appeal. Please state owner(s) name and address. ' Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. • Questions addressed to the owner. Assessor's statement of estimated market value or classification and ' presentation of factual information regarding the property. ' • Questions addressed to the Assessor. The Local Board of Appeal and Equalization considers the appeal and ' makes one of the following motions: ' • Refer the appeal to the Assessor's office for an interior review of the property and Assessor's recommendation at a Local Board reconvene ' meeting within 20 days. • Make no change and sustain the 2007 estimated market value or classification. If the owner is not satisfied with the outcome of the Local Board of Appeal they may appeal to the County Board of Appeal and Equalization. ' Consideration of written appeals ' The following ormat is recommended for each written appeal. 9 pp ' Please state owner(s) name and address. Review Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Assessor's statement of value or classification and p resentation of factual information regarding the property. • Questions addressed to the Assessor The Local Board of Appeal and Equalization considers the appeal and makes ' one of the following motions: • Refer the appeal to the Assessor's office for an interior review of the property and Assessor's recommendation at a Local Board reconvene ' meeting within 20 days. ' • Make no change and sustain the 2007 estimated market value or classification. ' If the owner is not satisfied with the outcome of the Local Board of Appeal they may appeal to the County Board of Appeal and Equalization. ' Perkins — Mr. Steven Hart / 5915 John Martin Dr. Mr. Hart contacted our office on March 23, 2007 regarding what the 2007 estimated market value of the Perkins Restaurant was. Mr. Hart contacted the ' Assessor's office on April 19, 2007 regarding an appeal. Mr. Hart was informed of the appeal dates and requested that the appeal be read at the Local Board of Review. Mr. Hart is a Tax Consultant for the Perkins Restaurant. An interior review has not been completed on the property. Property Characteristics and a valuation history of the restaurant have been included for your review. Income ' and Expense documentation was provided to the Assessor's office but due to the confidential nature of this information, Mr. Hart has requested the information be ' deemed confidential in nature. Only restaurant market and public information has been provided by the Assessor's office in this report. ' If h t e owner is not satisfied with the outcome of the Local Board of Appeal they ' may appeal to the County Board of Appeal and Equalization. 1. A. Owner(s) statement of estimated market value or classification and ' presentation of factual information regarding the property. B. Questions addressed to the owner regarding the market value or classification. ' 2 A. Assessor's statement of value or classification and presentation of factual information regarding the property. B. Questions addressed to the Assessor. 3. Action by the Local Board of Appeal and Equalization ' Local Board of Appeal select one of the following: ' A. Make no change and sustain the 2007 estimated market value or classification. B. Reduce the 2007 estimated market value. ' C. Increase the 2007 estimated market value. ' Apr-20-07 09: 03A Hart Consultants 320 253 6551 P .02 ' CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL. AND EQUALIZATION 2007 Assessment APPLICATION FOR APPEAL ' March 23, 2007 throuch April 13, 2007 You must return this application by April 13, 2007 to be placed on the Agenda for the Local Board of Appeal and Equalization April 30, 2007, 7:00 P.M. ' Name(S) The Restaurant Co of MN -- , Daytime Contact Number: 320-253-1610 M _ Property Address 5915 John Martin Dr., Brooklyn Center Property Identification Number 02-118-21-12-0011 2007 Estimated Market Value $550,000. What is the reason for your 2007 assessment appeal? 2007 Asscsscd VahIO is more than the Actaul Market Value. When did you purchase your home? Date of Purchase Purchase Price Have you changed your property since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? Yes orCNo �) If so, what was the determination of value? Please bring all documentation supporting your claim of overvaluation or erroneous classification with you to the Local Board of Appeal and Equalization. In order to appeal your valuation an appointment to view the property will be required. ' Set the date of the Local Board of Appeal and Equalization reconvene meeting. ' • The Local Board of Appeal and Equalization must reconvene by May 20, 2007, if a reconvene is necessary. May 2007 May 2007 June 2007 S, M T W T F S S 'M T W F F S 1 2 3 4 5 1__ _2 6 7 8 9 30 11 12 3 4 5 6 7 8 9 13 14 15 16 17 18 19 10 11 12 13 14 15 16 20 21 22 23 24 25 26 17 18 19 <20 21 22 23 27" 28 29 30 31 24 '`25 26 27 28 29 30>' Monday Tuesday Wednesday Thursday Friday Sat/Sun May 1 2 3' 4 9:00am'Budget Review Session 2:00pm Budget Review Session 7 8 9 10' 11 1 10:00am Budget Review 10:00am_ARM Session 2:00pm Budget Review Session 1 14 15 16 17 4:00pm City Council Meetings 7:00pm Planning Commission I 2 21 22 23 24 25 2 2= 28 29 30 31 :. 4:OOpm City Council Meetings', 7:00pm Planning Commission BC-RES-Council Chambers 1 4/23/2007 11:12 AM