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HomeMy WebLinkAbout2010 04-19 CCP Board of Appeal & Equalization Form No.A.F.4-Notice to Clerk of Meeting of Board of Review-'Equalization OFFICE OF COUNTY ASSESSOR TO THE CLERK OF THE Ci ty OF Brooklyn Center HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN,That the Nineteenth day of April at Seven o'clock P• M., has been fixed as the date for the meeting of the Local Board of Appeal and Equalization in your C i ty 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. I Given under my hand this Third day of February 2010 County Assessor ZHennepin County, Minnesota HC200(1/02) i CITY OF BROOKLYN CENTER 2010 LOCAL BOARD OF APPEAL AND EQUALIZATION APRIL 19,2010 ■ City of Brooklyn Center A Millennium Community April 19, 2010 Letter of Transmittal 2010 Local Board of Appeal and Equalization To The Honorable Mayor and City Council: As ou know, each year the City Council is required b our Charter to sit as the Y Y Y q Y Local 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 2010 Local Board of Appeal and Equalization is scheduled to begin at 7:00 p.m. on Monday, April 19, 2010. In addition to the valuation notices mailed to all individual property owners on March 19, 2010, 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 2010 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, 2010 assessment for taxes payable in 2011. Respectfully submitted, — n" W Nancy J, j jcik, S.A.M.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.cityolbrooklyncenter.org 2010 Brooklyn Center Local Board of Appeal and Equalization Meeting Agenda: 1. Meeting called to order, roll call. (7:00 p.m.) 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. Adjourn 1 I Appearances by Taxpayers with an Appointment William & Kim Kenny 7036 Willow Lane PID # 25- 119 -21 -44 -0023 Cel Monton LLC 5857 Colfax Ave N. PID # 01- 118 -21 -24 -0017 RiFive Investments LLC 6014 Girard Ave N. PID # 01- 118 -21 -22 -0071 Cel Monton LLC 5640 Fremont Ave N. PID # 01- 118 -21 -32 -0117 RiFive Investments LLC 5739 James Ave N. PID # 02- 118 -21 -14 -0033 RiFive Investments LLC 5542 Irving Ave N. PID # 02- 118 -21-41 -0021 Cel Monton LLC 5310 Knox Ave N. PID # 02 -118 -21-44 -0062 Cel Monton LLC 5443 Irving Ave N. PID # 02 -118 -21-44 -0081 Cel Monton LLC 5351 Irving Ave N. PID # 02 -118 -21-44 -0104 Cel Monton LLC 3707 61S Ave N. PID # 03- 118 -21 -12 -0079 Cel Monton LLC 5325 70 Cir. PID # 28- 119 -21-43 -0090 Cel Monton LLC 5418 70 Cir. PID # 28 -119 -21-43 -0108 2 Cel Monton LLC 7030 Regent Ave N. PID # 28- 119 -21-44 -0057 Cel Monton LLC 6601 Unity Ave N. PID # 33- 119 -21 -13 -0077 Cel Monton LLC 6413 June Ave N. PID # 34- 119 -21 -32 -0097 Cel Monton LLC 6114 Dupont Ave N. PID # 36- 119 -21 -34 -0036 3 Local Board of Appeal and Equalization Certification Form The Local Board of Appeal and Equalization must sign and complete the LBAE Certification form for each meeting of the local board. Since all boards are required to comply with the training and quorum requirements, this form must be completed even if no appeals are heard. This form certifies that a quorum was present, with a majority of the voting members of the Local Board of Appeal and Equalization in attendance and that at least one of the members present has attended an appeals and equalization course approved by the Commissioner of Revenue within the last four years. If the above requirements are not met the meeting will become an open book meeting. Additional training of Local Board members will be offered on an ongoing basis but not until all local boards are completed. An addition, the Minnesota Department of Revenue states that they will be monitoring 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 ". It is the recommendation that the board vote "no change" to avoid the appearance of having a conflict of interest, and forward the appeal to the county board. While making changes is not prohibited, these changes will be monitored and must be 9 9 P 9 noted on the LBAE certification form. The Minnesota Department of Revenue will be conducting random surveys of persons who attended the local boards to monitor the public's perception of the board's performance. 4 MINNESOTA- REVENUE Local Board of Appeal and Equalization Certification Form for 2010 The Local Board of Appeal and Equalization (LBAE) must complete and sign the LBAE Certification Form for each meeting of the local board. Since all 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 meeting. County name Jurisdiction name (indicate city or town) Meeting (circle one): convened or, reconvened Date Time Oa.m. ❑P .m. Township/City Board Members Please list all voting members of the LBAE. For each voting member, check'Presenr or " Absenr to indicate which members were in attendance. For each voting member present, check 'Yesm or "No' indicating if the member has completed the training required under Aannesota Statutes, Section 274.014 within the W 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. You are also certifying that no board member participated in actions concerning the valuation or classification of a property owned by the board member, the board member's spouse, parent, stepparent, child, stepchild, grandparent, grandchild, brother, sister, wide aunt, nephew, or niece of a board member, or any property in which the board member has a financial interest (the relationships may be by Mood or marriage ). Print names of all voting members Title Attendance Training certified Signature (for those in attendance only) ❑Present []Absent []Yes []No ❑Present []Absent (]Yes (]No X ❑Present OAbsent []Yes ONo X []Present []Absent OYes ONo X ❑Present []Absent (]Yes ONo X ❑Present []Absent []Yes ONo X ❑Present []Absent (]Yes []No X Assessment Personnel This section waist be completed by the county assessor (o an assistant delegated by the county assessor) or authorized city assessor present at the meeting. Local assessor information County assessor (or delegate) I authorized city assessor information Does this jurisdiction have a local assessor? (]Yes []No Name itle License no. If yes, was the local assessor present? []Yes ONo F I Local assessor name License no. County assessor (or delegate) I authorized city assessor eArtification B signing below, I certify I was present at the meeting and (please check one): A quorum was present and a training certified member was present, or Other assessment personnel present I took over the meeting and changed it to an open book format because: Please list additional names on back of this form. A quorum was not present and/or A trained member was not resent. Name Title County assessor (or delegate) / authorized city assessor signature Name Tide Board member acknowledges loss of LBAE for this and following assessment Name rbe year (due to reason checked above). Section 2 — The foilowing information must be completed at the end of the meeting. Meeting (circle one): recessed or adjourned Time =Opa-mm- 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. P.m. Rev. 02/02/2010 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. 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 2008 assessment; which affects taxes payable in 2009. 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 (2008). Taxes or prior year assessments are not within the jurisdiction 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. 6 Limits of Authority for the Local Board of Appeal and Equalisation 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, 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 2009 assessment for the taxes payable in 2010. Homeowner's that received their 2010 tax statement in March, 2010, are not able to appeal the 2009 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 2010 meeting is scheduled for April 19, 2010. 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 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 9, 2010. A tentative reconvene meeting date has been set for Monday, May 3, 2010. 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. 7 Duties of the local board The local board is to determine whether all of the taxable Oftentimes, the assessor will continue to review property in the town or city has been property valued properties within 10 days of the local board meeting. and classified. All property is to be valued at its market However, if the assessor makes a change, that change value, and all property is to be classified according to should be brought to the local board for action. use. It is assumed that the assessor has property valued and classified all the property in the jurisdiction. The If the property owner agrees with the change, he/she burden of proof rests with the property owner who must does not need to personally appeal to the board. Instead, present factual evidence to disprove the assessor's value the assessor should present such changes to be voted on or classification. by the board. The complaints and objections of property owners What the board can do appealing individual assessments for the current year should be considered very carefully by the board. An Reduce the value of a property. The local board may a reduce the value of a property if the facts show that appeal may be made in person, by letter, or through a the property is assessed at a value that is higher than representative of the owner. Written objections . should be filed with the city or town clerk prior to the meeting of its market value. All property is to be valued at its market value. It is assumed that the assessor has the Local Board of Appeal and Equalization and must be properly valued the property. The burden of proof presented to the board for consideration while it is in session. The board must hear all complaints and examine rests With the property owner who must present s value. all letters. Such assessments trust be reviewed in detail, factual evidence to disprove the assessor and the board has the authority to make corrections as it deems to be just. The board may recess from day to day Increase the value of a property. The local board may until all cases have been heard. increase the value . of a property if the facts show that the -* property is assessed at a value that is lower than its The board should look for property or improvements that market value. The board also must base the decision to are not on the tax rolls. When p improvements increase the market value on facts. All property is to be P Ply or imP valued. at its market value. It is assumed that the assessor are missing from the tax rolls, an unfair burden falls has properly valued the property. The board must rely upon the owners of all property that has been assessed. If the board finds any property or improvements that are on factual evidence to disprove the assessor's value. not on the tax rolls, the board should place it on the Before the board raises the market value of a property, it assessment list along with its market value, and correct must notify the owner. The law doesn't prescribe any the assessment so that each tract or lot of real property particular form of notice, except that the person whose and each article, parcel or class of personal property is property is to be increased in assessment must be entered on the �t list at its market value. notified of the intent of the board to make the increase. The owner must be notified either in writing or orally. He/she should be given a time to appear before the local Changes within 10 days of local board meeting board. After the hearing, the local board should make Since the Notice of Valuation and Classification must be any corrections that it deems just. mailed to taxpayers at least 10 days prior to the meeting of the Local Board of Appeal and Equalization, the Add properties to the assmsment list If the board finds assessor should not make changes to the valuation or that any real or personal property has not been entered classification of a property within that 10-day window onto the assessment list, the board shall place it on the without bringing the change to the local board for action. assessment list along with its market value, and correct the assessment so that each tract and lot of real property After receiving the notice, the property owner can and all personal property is entered on the assessment contact the assessor to discuss questions or concerns. list at its market value. The assessor can make changes to the valuation or classification without bringing the change to the local board if a new notice is mailed to the property owner at least l0 days prior to the local board meeting. Rcie of ,he local board in the assessment process B Add improvement, to the assessment list. In reviewing The local board can't order percentage increases or the individual assessments, the board may find instances decreases for an entire class of property. The authority where property is not Listed at its market value because of the local board extends over the individual the value of a building or other improvement was not assessments of real and personal property. The board included when the market value of the property was can't increase or decrease by percentage all of the estimated. These should be carefully reviewed by the assessments in the district of a given class of property. board and placed on a tentative list of property values to Changes in the aggregate assessments by classes are be increased. The board should then determine to what made by the County Board of Appeal and Equalization. extent the valuation of such property should be increased. Before the board adds value for new or The local board can't reduce the aggregate assessment overlooked improvements, it must notify the owner. by more than 1 percent Although the Local Board of Appeal and Equalization has the authority to increase or Change the classification of a property. In reduce individual assessments, the total of such Minnesota, property is classified according to its use adjustments must not reduce the aggregate assessment on the assessment date (January 2 of each year). If the of the jurisdiction by more than t percent. The property is not currently being used, it is classified "aggregate assessment'' is the total ENV that the local according to its most probable, highest and best use. board has the authority to change, i.e. the total ENV of Property owners do not get to choose or request how assessments within the jurisdiction excluding state they want their property to be classified It is the assessed property. For example, if the total ENIV of a assessor's job to classify it according to its current use jurisdiction is $2,000,000, the board reduce the or its most probable, highest and best use. The board total ENIV of the can change the classification of any property which in jurisdiction by more Assessors EMV the board's opinion is not properly classified. Again, it than $20,000. This + Total board EMV increases is assumed that the assessor has classified the property means the ENV after Total board EMV reductions correctly. The classification must be based on use, and board actions must be EMV after board actions in order for the board to change the classification, the at least $1,980,000. appellant must present evidence that the property is U the total amount of adjustments made by the local used in a manner consistent with the classification. For board does lower the aggregate.assessment by more example, the assessor classified the property as than 1 percent, none of the adjustments will be residential. The owner seeks the agricultural allowed. This limitation doesn't apply, however, to the classification. In order for the board to change the correction of clerical errors or to the removal of classification to agricultural, the owner must prove duplicate assessments. Clerical errors are Limited to that the property is used agriculturally and meets the errors made by someone performing a clerical function statutory requirements of the agricultural class. during the course of the actual assessment. Examples of clerical errors are errors such as transposing numbers or What the board can't do mathematical errors. Errors that occur when making The local board can't consider prior year assessments. estimations during the inspection and appraisal process The Local Board of Appeal and Equalization doesn't (judgment errors) are not considered to be clerical errors. have the authority in any year to reopen former The local board can't rop exem p p t e The Local assessments on which taxes are due and payable. The Board of Appeal and Equalization does not have the board considers only the assessments at are in process th U1 the current year. Occasionally, a property owner may authority to grant an exemption or to order property removed from the tax rolls. appear with a tax statement and protest the taxes or assessment of the previous year. The board should The local board can't make changes benefiting a explain tactfully that it does not have the authority to property owner who refuses entry by the assessor. consider such matters. After taxes have been extended, . T"he board may not make an individual market value adjustments can be made only by the process of adjustment or classification change that would benefit application for abatement or by legal action. the property in cases where the owner or other person having control over the property will not permit the assessor to inspect the property and the interior of any buildings or structures. Rnho of the local hoard in the assessment process 9 Duties: Local and- County Boards Local Board County Board of Appeal and Equalization of Appeal and Equalization Ensures individual assessments Ensures equalization among within the jurisdiction are individual assessments, properly valued and classified. between classes and from jurisdiction to jurisdiction. What can local and/or county boards do? ❑ Increase or decrease value o in propert _ ✓ Ye ✓ Ye ❑ Add properties to the assessment list. _ ✓ Yes No ❑ Add impro to th a ssessme nt l ✓ Yes �✓ Yes ❑ Increase or decrease value for an entire propert cla No ✓ Y ❑ Change the classification of a _proeertlr.__ ✓Yes ✓ Yes What local and county boards cannot do: ❑ Cannot change prior year assessments. ❑ Cannot reduce aggregate assessment by more than 1 percent. ❑ Cannot exempt property. ❑ Cannot make change benefiting owner who refuses entry by assessor.* *Minnesota Statutes, Section 174.01, subdivision 1, paragraph b stater that the local board may not make an individual market value adjustment or clttrsiftcation change that would benefit the property in cares where the owner or other person having control over the property will not permit the assessor to inspect the property and the interior of any buildings or structures The county board it not statutorily precluded from making a change bared on the properly owner's refusal to allow the assessor access to view the property. However, simply because the statute doer not explicitly preclude the county board front making such a change, it is strongly recommended that the county board not grant any reduction in value until the property owner has allowed the assessor access to view the property. It seems obvious that for an assessor to make a fair and /knowledgeable value estimate, he/she must fast be allowed to view the entire property. Until such access is granted the county board should not grant a value reduction Recommendations for local board members Become familiar with sales information prior to The county assessor (or the local or city assessor in local board meeting some instances) should provide information on the real Most local board members aren't necessarily aware of estate market in advance of the local board meeting. If current trends in the real estate market or trained in the this information isn't provided, the local board should field of appraisal Therefore, advance preparation is request that the assessor provide the information at least essential to making informed, fair decisions on the one week prior to the meeting so board members have appeals heard by the local board. time to review it The following are examples of the type of data that the Avoid conflicts of interest assessor may provide for the local board to use when No board member shall participate in the discussions or determining if an adjustment is necessary. This is not an vote on any matters relating to property in which he or all- encompassing list, and depending on the jurisdiction, she has a conflict of interest. A conflict of interest exists it may or may not be necessary for every board to have where a member. " all the items on the list. The local board should work with the assessor to determine the specific information a financial interest in the property; to be supplied to the local board. • is a director, trustee, officer, employee or • Information on sales within the district that agent of any business or institution directly occurred in the previous year. involved with the property; or • • is related by blood or marriage to an Valuation tables of land types. • Copy of the values from the mini- abstract individual having an ownership or financial . interest in the property. for the district (current year and prior year). j • Printout of parcel listings for the district Board members are afforded the same rights as the with the values. general public when it comes to the appeal process. • Review of the current statutory classifications However, when a local board member is appealing the and the corresponding class rates. value or classification of his/her property, as a general • Review of value changes by property type rule, the local board should not make any changes to the r- in the district. valuation or classification. The local board should vote "no change," and the appeal should be recorded so that t The board member can appeal to the County Board of he local board should also be prepared to request additional background information and to ask Appeal and Equalization. This will eliminate any ' questions of the assessor in order to assist with the appearance of the board having a conflict of interest or board's deliberations. the appearance of giving preferential treatmenL As a local board member, you should review the information provided by the assessor. If you have any questions about the materials, please be sure to contact the assessor. Being knowledgeable about the real estate l market is the key to making informed and fair decisions. r I Duties of the clerk The town or city clerk plays an important role in the • The clerk should have a sign -in sheet for all Local Board of Appeal and Equalization process. The appellants. following is a brief list of the duties of the clerk . The clerk should take minutes of the meeting pertaining to the local board meeting: as part of the town or city record. ■ The clerk should work with the county assessor to . The clerk should return all necessary records establish the meeting date(s) for the local board to the county assessor in a timely manner. � ■ The clerk should coordinate with the board to ensure that a uorum will be resent at jurisdictions, various duties of the cleric may be q P In so me -- f the meeting. performed by the city or county assessor or the • The clerk must publish and post notice of the assessor's staff. In these instances, it is recommended meeting at least 10 days prior to the date of the that the cleric be aware of and monitor the duties to meeting (Minnesota Statutes, Section 274.01, ensure that all duties are performed subdivision 1). Role of the local board in the assessment process 1 1 Review Procedures - 2010 Assessment Informal I. 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. 6. Discuss with the owner the valuation recommendation based on the review performed. Formal 1. Local Board of Review / City Board of Equalization April 19, 2010 2. County Board of Equalization June 14, 2010. 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 12 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 Equalization The 2010 County Board of Appeal and Equalization will be held beginning June 14, 2010. Taxpayers wishing to appear must have appealed to their local board of review and must register with the county no later than May 26, 2010. You must call in advance to be placed on the agenda, appointments are available by calling (612) 348 -7050. 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 2010 assessment is May 2, 2011. The deadline is always the last day in April in the year the taxes are payable. Abatements This is a process that allows assessors to correct a clerical or appraisal error only. 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. 13 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 S defines The price that would tend to prevail under typical, "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 "in 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 t n r shall the assessor ado a basis o taxation, o P organizations .f Many professional appraiser/assessor rg as a criterion of value the price for which such have a more detailed definition of market value. The property would sell at a forced sale, or in the elements of these definitions can be used to clarify the a ggregate with all the property in the town or P statutory definition. district; but the assessor shall value each article or description of property by itself, and at such The definition of market value usually es the believes the same to y anP sum or price as the assessor consummation of a sale as of a specific date under the 1 worth money following conditions: air ■ 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 factors also should not affect the action of the Local open market; Board of Appeal and Equalization. ■ Payment is made in cash or its equivalent; ■ Financing, if any, is on terms generally available in Estimated market value the community on the specified date and typical for The value determined by the assessor as the price the property type in its locale; and the property would likely sell for on the open ■ The price represents a normal consideration for the market is called the estimated market value (EMV). sold unaffected b special financing date , g assessment property Y P ed on the assessor costs or credits This value is determined amounts and/or terms services fees, c h • January 2 of eac ear. y incurred in the transaction. There are also two other types of market value used In other words, market value is the price that would for property tax purposes: limited market value and tend to prevail under typical, normal competitive open taxable market value. The ENfV for the current market conditions. assessment year is the only value property owners may appeal to the local board Role of the local board in the assessment process 14 Limited market value The local board cannot change the LMV of a property. The only value that the local board can review is the Lirstited market value (LN1V) is a statutory calculation that & V for the current assessment year. limits how much the taxable value of certain properties can increase from year to year. Under current law, LNiV 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: t) 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) l5 percent increase over last year's LMV or Changing the EMV may ultimately change the TIViV, 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. E EMV changes that do not affect LMV or TMV 2005 value Resulting values Resulting values 2004 value (befncgloe� board), If.ttte for 2005 If the for 2005 � (� :' `local board local board f EMV $145,800 $160,800deaeasas.. $150,800 increases $170,800 LMV $118,000 $135,700 th0- lue b.. $135,700 the value by $135,700 Lt ©,000 $10,000 TMV $118,000 $135,700 '' .,a� a4 :, _ $135,700 $135,700 l t• Classification In Minnesota, property is classified according to its l use on the assessment date (January 2 of each year). If Classification i the property is not currently being used, it is classified according to its most probable, highest and best use. The assessor assigns a statutorily- 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, highest and best i 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. r Role of the local board in the assessment process 15 All real property that is not improved with a structure also must be classified according to its current use or Highest and best use 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 apprwsal and ;assessment requiring that classified according to the highest and best use each property be appraised as though it were being mi pertted. 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 A property can have more than one property tax classification to agricultural, the owner must prove classification if it has more than one use. Such properties that the property is used agriculturally and meets the are called split -class properties. If this is the case the statutory requirements of the agricultural class. 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 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 assessment on multiple factors, including size, age, conditions of the market on January 2 of each year. 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. R ole of th l board in the assessment process 16 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 older properties. The cost approach also can be a 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 die others for Income approach: This approach based on the PP Y estimating the value of a particular property. In some reasoning that the value of the property is directly related E 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 derived from ownership of the property. f Sales comparison approach: This approach is based on 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 properties. The sale price for each comparable sale is This approach has limited applicability because it is only � 1 adjusted to reflect the differences i.e. the subject appropriate for income- producing properties such as property has three bathrooms and the comparable commercial, industrial and apartments. The income property has two bathrooms, so the sale price of the approach is generally the primary approach for valuing comparable property is adjusted upward to make it more income- producing properties. I similar to the subject property). The assessor then f 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 es of roe and to com plete sales is the most common and referred method for valuing analyze actual sal property p [ . p g Y P 1. vacant land when comparable sales data is available. ratio studies for each community and for each type of do is determined b dividing the EMV The sales comparison roach is not applicable when property. The ra y g P approach aPP 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 L _ 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 property 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 itsel. i t 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. Ro le of the local board in the assessment process 17 To make matters more complicated, not every type of Assessor determines classification property in every jurisdiction has enough sales in the ,,,l 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 Janes' 2 of each year. Examples of classifications assessor is relieved of his/her responsibility to value include residential homestead, residential non- property at its market value. It simply means that the homestead, apartment, commercial and agricultural. process of establishing an accurate market value estimate becomes more subjective. There are some Notice of Valuation and Classification jurisdictions that never have enough sales — this is 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 . classified improperly; ratio studies should be the same or similar to the studies ■valued at an amount higher than they could conducted by the assessor. 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 The property owner should first contact the ratio of EMVs to the selling prices is below 90 percent assessor's office to discuss questions or concerns. . or above 105 percent, the Commissioner of Revenue, issues often can be resolved at this level. If questions or acting as the State Board of Equalization, will increase 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. __ _a.�- -....I f,.. -...I f.. ♦i,n •+o oo�omGnt nm�acc 18 MINNES R www. taxes.state.mmus Appealing the Value or Classification of Your Property IN Property Tax Fact Sheet 1 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 x 3. the classification of your property+ (how tit is used).. x ' :` our ro : TThis faiisE>ee>r: The assessor determines the last two factors. You Gray appeal the value or alask�cation.of Y , p perty Z . discusses estimated market value and classification. as sholwn o>your lVahceoffstuatiottxdrClassi £catioa , w,tr back tells you what you i do if ou a thtxassess©z disa �� y y y 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 a Verify information about your property, such as its sale. Each year the assessor reviews the market valuation dimensions, age and condition of its structures. of your property to determine if changes in the real estate � market or improvements to your property require a change •Review records to determine the market value of similar property in your neighborhood. in the estimated market value. • 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 a Ask the assessor to explain the criteria used for value. This percentage, or class rate, is determined by the classifying your property. You may also review the 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 Appealing your assessment Valuation and classification notice You have the right to appeal your market value estimate Each spring, the assessor will mail you a Notice of and/or property classification if you feel your property is: Valuation and Classification informing you of the value and classification of your property. If you believe a 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 first 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 -a Property Tax Division — Mail Station 3340 — St. Paul, MN 551 46 -3340 This fact sheet is intended to help you become more familiar with Minnesota tax laws and gh tights i is and responsibilities under the laws. Nothing in this Y 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 07104 Minnesota Revenue. Appealing the Value or cassification of Your Property 19 Appeals 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 Appeal and Equalization. Local Board of Appeal ��, Minnesota Tax Court and Equalization �' You have until April 30 of the year the tax becomes payable If you choose to appeal to your boards of appeal and I- e to appeal your assessment to the Minnesota Tax Court. In equalization, first meet with your Local (city or town) other words, you must appeal your 2004 valuation and Board of Appeal and Equalization. These are usually 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 is listed on your Notice of Valuation and Classification. The Tax Court has two divisions: 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: • The assessor's estimated market value of your You may make your appeal in person, by letter, or have 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 1 of Appeal and Equalization. more than one dwelling unit. Cities and towns have the option of transferring their board a 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 I 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 call 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, Minnesota Judicial Center you may appeal to the Minnesota Tax Court. Suite 245 25 Reverend Dr. Martin Luther King, Jr. Boulevard St. Paul, MN 55115 (651) 296 -2806 www. taxcourt.state.mn. us Minnesota Revenue, Appealing the value or classification of Your Property 20 MINNESOTA' REVENUE www.taxes.siate.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 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, such as its dimensions, age and If you haven't done so already, you should contact your condition of its structures. assessor's office before making a formal appeal to discuss - Review records to determine the market value of changing your assessment. Often issues and concerns can be resolved at this level. ��_, ' *�. 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 fora 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 au = r 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 I1 present factual evidence to convince the Board otherwise meeting include: 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 r { • Dtx-umentation supporting the use of fa be made based on cts. re -�' your property (if you a 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 . nei ghborin g favor and lowered your value or changed your photos or exhibits comparing g P ro Ferti classification. to yours. Whether or not the local board decides to make a change If you should have questions, piease 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 assessmenL value is warranted and the classification of your property is correct based on its use. See page 2 for helpful hints -->• Pmpcny Tax Division — Mail Station 3340 — St Pau[. MN SS 146 -3340 Thu fact sheet u intended to help you beeeme mots familiar with Minnesoa tax laws and your rights and responsibilities under this laws- Nothing in this bet sheaf supersedes, alters or otherwise changes airy pmvsiona of dw rye law, administrative ntky cant decisions, or revalue nod= Alternative folmats available upon rata at Ra+naed 47 /Oa MMnasau Revwue. Prepanng an Appeal to your Led and Ca+ray a owds of Appeal and Equalzanon 21 Presenting your case Other helpful information Remember, how you present your case may affect the Please keep in mind that taxes are not the issue. To ` outcome of your aP peal — you want to be sure you get strengthen your appeal, you should present evidence our point across as effectively as possible. about your property's value or classification, Y Po pa . • 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 roe Describe o . D nbe ur property �' Y property. P Pew' sa 1 l wi th advice. It ' 'tended to be a helpful too legal ad r I rs m p the will understand arguments Y our Y ore fully. Photos can be helpful to general information for presenting your property tax more our ent apps at Your Local ad County Boards of Appeal and suppo Y � Equalization. r • Keep your presentation brief and factual. • Be prepared to discuss your case with the board or answer an questions that the board may have. any Y 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 r search and ' explain your appeal in writing. Your letter should state the Casts 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. 1.. R&A3ed 07104 ulnneeou Revenue, Prapannq an Appeal to your Loral and County Boards of Appeal and equagzaoon 22 MINNESOTA- REVENUE www.taxes.state.mn. My House is Worth What ?? Property Tax Fact Sheet X Why doesn't the assessor's value reflect the 3. There is no "correct price for real estate - but sale price of my property? rather a range of prices. The ultimate sale price of a particular property depends on 1. There is a lag between the time of the assessment and its unique characteristics as well as the complex when the sale takes place. motivations and preferences of the seller and potential buyers. If that weren't the case, Realtors and sellers would An appraisal is an estimate of property value based on never have to reduce listing prices, offers from multiple historical data at a set point in time — January 2 of each year buyers would all be identical, and professional appraisals — and the market can change dramatically by the time the would all arrive at the same value. In reality, list prices property is sold. often misjudge the market, offers are negotiable and can For example, consider a property valued at $180,000 as of vary widely, and appraised values may be disputed. January 2, 2007. This assessment is based on home sales that occurred between October 2005 and September 2006. However, the property may sell for $230,000 in August 4. No two parcels of property are identical. 2007. Does this mean the estimated value is incorrect? Not Estimating the precise value of a property that is based on necessarily. It could signal an upturn in the housing market dozens, if not hundreds, of characteristics is very difficult. between September 2006 and August 2007, raising the sale Even nearly identical properties (e.g. adjacent townhomes price of the home. or condominiums) often sell for different amounts. Just as buyers in rapidly accelerating markets may pay significantly more than the assessor's last valuation, they 5. Real estate markets are highly localized and always may also pay less in declining markets. A property valued changing. by the assessor at $200,000 for the 2007 assessment may sell for $175,000 in August 2007. Sale prices of different types of properties can vary widely. This lag time often results in a dramatic difference between Currently, fumland and recreational properties are rising in actual sale prices and the estimated market values for the' value and sales are strong, but residential sales are stable or current year. slightly declining in several areas. Some neighborhoods are declining at a much faster rate than other areas, which may be stable or slightly increasing in value. 2. Properties can change over time. While values can fluctuate on an annual basis due to. sales 6. Fewer sales mean more challenges for assessors. of similar properties, Minnesota law requires that properties In many markets and for many types of property, there are only be inspected once every five years, unless ne w arable properties. This can make construction or demolition takes place. Between those fe w sales of co mp p p inspections, properties may be improved without the owner accurate market assessments more difficult, but the assessor obtaining a building permit — or they may deteriorate if must still use his/her professional jtuigment and knowledge neglected. These changes can be difficult for assessors, to estimate market values on an annual basis. This may who see only the exterior of the home, to consider in their mean looking at sales that take place outside the study time_ frame or in a neighboring city or township. annual e Property Tax Division — Mail Station 3340 —St. Paul, MN » 146 -3340 This fact sheet is intended to help you become more familiar with Minnesota tax laws and your tights and responsibilities under the laws. Nothing in this fact sheet supersedes. alters, or otherwise changes any provisions of the tax saw, administrative rules, court decisions, or revenue noncs. Alternative formats available upon request. v.... _.. . ,.� Minnesota Revenue 23 Assessment Valuation Procedures Residential Sales occurring in the prescribed study period, October 1, 2008 through September 30, 2009, 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. 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. 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 likely (economic) income is a proven and widely accepted approach to valuation. 24 2009 Re- inspection Program for the 2010 Assessment During the summer of 2009 our office conducted re- inspections for the 2010 assessment of the residential properties located West of Penn Avenue North and South of 59 Avenue North to the city border, and all townhomes located in the city, West of Xerxes Avenue. In addition to all residential properties located in the review area, all citywide duplex, triplex, and a portion of commercial, industrial and apartment properties were also included. The summer inspections began May 6, 2009, and included approximately 1,948 parcels. The quintile inspections were completed by the end of October. The re- inspections were performed by Nancy Wojcik, City Assessor, Jill Brenna, Appraiser, and Karen Casto Appraiser Technician. 25 COMPARISON OF THE BROOKLYN CENTER ASSESSED VALUE BY PROPERTY TYPE 2009 to 2011 TAX PAYABLE YEARS TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE PROPERTY 2009 OF PAY 2009 2010 OF PAY 2010 2011 OF PAY 2011 TYPE VALUATION VALUE VALUATION VALUE VALUATION VALUE APARTMENT $179,410,200 8.63% $177,305,000 9.42% $166,084,000 9.86% COMMERCIAL $288,110,100 13.85% $280,509,500 14.90% $258,984,100 15.37% i INDUSTRIAL $137,196,800 6.60% $134,967,900 7.17% $123,115,500 7.31% RESIDENTIAL $1,474,680,800 70.91% $1,289,874,400 68.51% $1,136,704,000 67.46% FARM $162,800 0.01% $167,100 0.01% $167,100 0.01% TOTALS $2,079,560,700 $1,882,823,900 $1,685,054,700 I I NOTE: Payable 2011 valuation totals are based on values as of March 3, 20010. Residential taxable market value total for 2010 pay 2011 was $1,131,819,200. A total of .43% or $4,885,000 of the residential estimated market value is excluded from taxation due to the Veterans and "This Old House" exclusions. There are no longer any residential properties in Brooklyn Center receiving limited market value, 35 residential properties are receiving the Veterans Exclusion and 97 properties are receiving the 'This Old House Exclusion" for taxes payable in 2010. G: 1 2010 TNTVpay 4008 to 4011 value by property type.xls1Gomparum by PT 08 to 10 Prepared by the Brooklyn Center Assessor's Office 4/14/2010 ........ j2 :$j:. ................. ......... . ........ .. ...................... ............ . ....... . ........................... .... ...... .......... .... ........................ .... ..... ............. ............... ... .......... ...... .............. ------------------------------------- - ............. ........... ......... . ......... . ......... . ......... . ......... . . ......... . . .............. . ......... ............... ...... . ..... .................................... . . . . . . . . . . . . . . . . ... ........... City Wide - All (includes all property types) -10.50% (Excluding new construction) -10.80% City Wide - Resid. (Single Family - Detached Only) -11.59% (Excluding new construction) -11.72% ............. % . . . . . . . . . . . ''M KKA40 ME 4' . 111011 Z K, WON K ir. 'g g % gI ....... ... ......... ... ,v . i 11 . . . . . . . . . . ims . . . . . . . . . . . . . . . . . . . . . ......... . . . . . . . #50 - #55 Residential Off Water -11.81% .. .......... . ... .. ;*KX 0K.:X ------- .;R:% 27 2010 SPRING ALL RESIDENTIAL' RATIO" STUDY Run Date: 03/02/10 MUNICIPALITY SALES % MEDIAN MEAN COD MUNICIPALITY SALES % MEDIAN MEAN COD BLOOMINGTON 400 1.88% 95.1% 97.5% 8.9 MEDINA 24 1.60% 95.3% 95.3% 3.9 BROOKLYN CENTER 120 1.65% 95.4% 99.1% 11.1 MINNEAPOLIS 2152 2.86% 94.9% 94.8% 10.7 BROOKLYN PARK 293 1.77% 95.3% 98.3% 8.8 MINNETONKA 235 1.81% 95.4% 95.7% 4.3 CHAMPLIN 106 1.62% 95.7% 98.6% 9.3 MINNETONKA BEACH 6 2.60% 95.6% 99.8% 8.5 CORCORAN 21 1.32% 95.4% 98.7% 6.2 MINNETRISTA 37 1.74% 95.2% 94.9% 4.9 CRYSTAL 160 2.19% 94.7% 97.8% 10.7 MOUND 68 2.03% 95.2% 99.4% 9.5 DAYTON 12 0.89% 95.7% 97.0% 10.0 NEW HOPE 103 2.26% 95.7% 96.9% 7.2 DEEPHAVEN 27 1.93% 96.2% 96.7% 8.9 ORONO 48 1.64% 95.4% 95.9% 6.7 EDEN PRAIRIE 293 2.27% 95.1% 95.9% 7.0 OSSEO 14 2.33% 98.5% 104.6% 11.4 EDINA 313 2.50% 95.7% 96.0% 6.1 PLYMOUTH 278 1.77% 95.0% 95.3% 5.1 EXCELSIOR 9 1.91% 96.7% 101.7% 8.7 RICHFIELD 250 2.56% 95.2% 98.7% 10.0 GOLDEN VALLEY 138 2.19% 95.2% 96.5% 7.9 ROBBINSDALE 119 2.76% 95.3% 97.5% 4.9 GREENFIELD 5 0.60% 95.3% 93.8% 4.0 ROCKFORD .2 4.26% 95.2% 95.2% 0.0 GREENWOOD 3 1.03% 95.6% 92.3% 3.9 ROGERS 30 1.48% 93.7% 94.2% 4.9 HANOVER 0 0.00% 0.0% 0.0% 0.0 ST ANTHONY 35 2.02% 95.2% 94.3% 5.5 HASSAN 11 1.32% 96.5% 98.1% 4.5 STBONIFACIUS 18 2.64% 96.1% 97.4% 4.3 HOPKINS 58 2.46% 94.8% 95.1% 6.5 ST LOUIS PARK 323 2.80% 95.3% 97.3% 6.6 INDEPENDENCE 7 0.61% 95.0% 96.8% 7.4 SHOREWOOD 39 1.68% 96.0% 95.6% 3.3 LONG LAKE 11 2.09% 94.8% 98.1% 7.9 SPRING PARK 1 0.50% 95.5% 95.5% 0.0 LORETTO 3 1.64% 95.2% 96.5% 1.6 TONKA BAY 9 1.46% 95.7% 96.4% 2.1 MAPLE GROVE 311 2.07% 94.9% 95.3% 5.4 WAYZATA 16 1.82% 94.5% 92.6% 8.7 MAPLE PLAIN 5 0.99% 94.4% 98.2% 7.7 WOODLAND 2 1.04 94.2% 94.2% 0.4 MEDICINE LAKE 0 0.00% 0.0% 0.0% 0.0 SUBURBAN HENNEPIN 3,963 2.02% 95.3% 96.7% 7.5 ALL HENNEPIN 6,115 0 " 2010 EMV - Sale Study from 10 -01 -2008 THRU 09 -30 -2009 28 2010 SPRING RESIDENTIAL LAKESHORE (RL) RATIO" STUDY Run Date: 03/02110 MUNICIPALITY # SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN COD BLOOMINGTON 2 2.94% 98.1% 98.1% L4 MEDINA I .1.47% 951% 952% 0.0 BROOKLYN CENTER 2 1.83% 90.5% 90.5% 0.5 MINNEAPOLIS 0 0.00% 0.0° /. 0.0% 0.0 BROOKLYN PARK 4 3.23% 93.8% 97.4% 12.2 MINNETONKA 1 0.67% 96.91/. 96.9 0.0 CHAMPLIN 3 1.30%. 95.7% 97.5% 2.4 MINNETONKA BEACH 5 4.31% 97.8% 101.T /. 8.4 CORCORAN 0 0.00 0.0% 0.01/. 0.0 MINNETRISTA 8 1.38% 95.1% 92.6% 6.9 CRYSTAL 1 1.56% 99.4% 99.4% 0.0 MOUND 29 100% 95.t% 96.8% 7.5 DAYTON 1 0.76% 84.9 84.9% 0.0 NEW HOPE 0 0.00% 0.0 /. 0.0% 0.0 DEEPHAVEN 3 1.17% 95.6% 92.0% 8.1 ORONO 16 1.59% 95.1% 93.5% 8.3 EDEN PRAIRIE 8 2.74% 97.2% 98.3% 4.6 OSSEO 0 0.001/. 0.0% 0.0% 0.0 _ EDINA 16 1.55% 95.4% 94.8 4.3 PLYMOUTH 4 0.94 96.4% 97.1 % 2.0 EXCELSIOR 2 3.28% 96.0 96.0% 0.7 RICHFIELD 0 0.0011. 0.0% 0.0% 0.0 GOLDEN VALLEY 1 1.4990 94.3% 94.3% 0.0 ROBBINSDALE 0 0.00% 0.090 0.0 0.0 GREENFIELD 1 0.9790 96.4% 96.4% 0.0 ROCKFORD 2 22.22% 95.2% 95.2 0.0 .GREENWOOD 3 1.81% 95.6% 92.3% 3.9 ROGERS 0 0.001% 0.01/. 0.0% 0.0 HANOVER 0 0.00% 0.01/0 0.0% 0.0 ST ANTHONY 0 0.00% 0.0% 0.0% 0.0 HASSAN 2 2.25% 97.8% 97.891 1.6 ST BONIFACIUS 0 0.00% 0.0% 0.0 0.0 HOPKINS - 0 0.00% 0.0 0.0% 0.0 ST LOUIS PARK 3 1.69% 110.1% 106.8% 3.9 INDEPENDENCE 2 1,10% 100.3% 100.3% 5.5 SHOREWOOD 8 1.75 % 97.6% 96.5% 3.4 LONG LAKE 0 0.001/0 0.0X 0.0% 0.0 SPRING PARK 1 0.93% 95.5% 95.5% 0.0 LORETTO 0 0.00% 0.0 0.0% 0.0 TONKA SAY 6 1.95% 96.2% 96.8% 1.9 MAPLE GROVE 14 2.01% 94.8% 95.091 7.7 WAYZATA 1 1.01% 94.5% 90% 0.0 MAPLE PLAIN 0 0.00%1 0.0 0.0% 0.0 WOODLAND 0 0.00% 0.0% 0.0 0.0 MEDICINE LAKE 0 0.00Y. 0.0Y1 0.0% 0.0 SUBURBAN 150 t.76% 95.7 93.5% 8.6 HENNEPIN ALL HENNEPIN ISO 0 V - - - - 2010 EM Sale Stud from 10 01 2008 THRU 09 30 -2009 Y 29 2010 SPRING RESIDENTIAL NON LAKESHORE (R) ` RATIO"* STUDY MUNICIPALITY SALES % MEDIAN MEAN COD MUNICIPALITY SALES % MEDIAN MEAN COD BLOOMINGTON 398 1.88% 95.0% 97.5% 8.9 MEDINA 23 1.61% 95.4% 95.3% 4.0 BROOKLYN CENTER 118 1.64 95.6% 99.2% 11.2 MINNEAPOLIS 2152 2.86% 94.9% 94.8% 10.7 BROOKLYN PARK 289 .1.76% 95.3% 98.4% 8.8 MINNETONKA 234 1.82% 95.4% 95.7% 4.3 CHAMPLIN 103 1.63% 95.7% 98.7% 9.5 MINNETONKA BEACH 1 0.87% 90.1% 90.1% 0.0 CORCORAN 21 1.32% 95.4% 98.7 6.2 MINNETRISTA 29 1.87% 95.2% 95.5% 4.3 CRYSTAL 159 2.19% 94.7% 97.8% 10.7 MOUND 39 1.64% 95.3% 101.4% 1 LO DAYTON 11 0.90% 96.2% 98.1% 9.8 NEW HOPE 103 2.26% 95.7% 96.9% 7.2 DEEPHAVEN 24 2.10% 96.4% 97.3% 9.0 ORONO 32 1.67% 95.4% 97.2% 6.0 EDEN PRAIRIE 285 2.26% 94.9% 95.8% 7.0 OSSEO 14 2.33% 98.5% 104.6% 11.4 EDINA 297 2.58% 95.7% 96A% 6.2 PLYMOUTH 274 Law/. 95.076 95.3% 5.1 EXCELSIOR 7 1.71% 97.2% 103.3% 10.9 RICHFIELD _ 250 2.56% 95.2% 98.7% 10.0 GOLDEN VALLEY 137 2.20% 95.2% %.6% 7.9 ROBBINSDALE 119 2.83% 95.3% 97.5% 4.9 GREENFIELD 4 0.55% 95.276 93.2% 4.7 ROCKFORD 0 0.00•/. 0.07. 0.0% 0.0 GREENWOOD 0 0.00% 0.0% 0.0% 0.0 ROGERS 30 1.49% 93.7% 94.2% 4.9 HANOVER 0 0.00% 0.076 0.07. 0.0 ST ANTHONY 35 2.02% 95.2% 94.3% 5.5 HASSAN 9 1-21% 96.5.1. 98.1•/. 5.2 ST BONIFACIUS 18 2.64% 96.1% 97.4% 4.3 HOPKINS 58 2.46% 94.9% 95.1% 6.5 ST LOUIS PARK 320 2.82% 95.2% 97.2% 6.S INDEPENDENCE 5 0.51% 95.0% 95.4% 8.0 S14OREWOOD 31 1.67% 95.6% 95.4% 3.3 LONG LAKE I I 2.16% 94.8% 98.1% 7.9 SPRING PARK 0 0.00% 0.0% 0.0° /. 0.0 LORETTO 3 1.64% 95.2•/. 96.5% 1.6 TONKA BAY 3 1.02% 95.6% 95.7% 2.4 MAPLE GROVE 297 2.07 94.97. 95.3% 5.2 WAYZATA IS 1.93% 94.5% 92.5% 9.2 MAPLE PLAIN 5 0.99 94.4 9827. 7.7 WOODLAND 2 2.27% 94.2 94.2% 0.4 MEDICINE LAKE 0 0.00% 0.0% 0.0% 0.0 SUBURBAN 3,813 2.04% 95.2% 96.9% 7.9 HENNEPIN"' ALL HENNEPIN 5,965 0 " 2010 EMV - Sale Study from 10 -01 -2008 THRU 09 -30 -2009 30 2010 SPRING CONDOMINIUM (X) " RATIO" STUDY 03/02/10 MUNICIPALITY SALES % MEDIAN MEAN COD MUNICIPALITY SALES % MEDIAN MEAN COD BLOOMINGTON. 92 1.93% 95.8% 98.2% 7.7 MEDINA 0 0.00% 0.0% 0.0% 0.0 BROOKLYN CENTER 1 0.64% 92.9% 92.9% 0.0 MINNEAPOLIS 766 4.70% 94.0% 95.1% 8.7 BROOKLYN PARK 13 1:00' /. 97.4% 109.4% 20.8. MINNETONKA 74 2.56 95.4% 97.2% 6.6 CHAMPLIN , 7 1.16% 94.8% - 98.0 4.1 MBJNETONKABEACH 0 0.007. 0.0% 0.0% 0.0 CORCORAN 0 0.00 0.01% 0.0% 0.0 MINNETRISTA 0 0.00 0.0 0.0% 0.0 CRYSTAL 3 2.59% 95.2% 93.7% 4.3 MOUND 4 0.74 91.7% 91.2% 10.6 DAYTON 0 0.00 0.071 0.071 0.0 NEW HOPE 8 1.39 92.7 92.5% 5.9 DEEPHAVEN 0 0.00% 0.0% 0.071 0.0 ORONO 0 0.00% 0.071 0.0% 0.0 EDEN PRAIRIE 101 3.04% 95.5% 95.7% 5.3 OSSEO 0 0.00% 0.0 0.0 0.0 EDINA 141 2.28% 95.8% 95.6% 6.9 PLYMOUTH 97 2.81% 94.8% 94.9% 6.1 EXCELSIOR 3 1.62% 96.0% 97.1% 1.9 RICHFIELD 24 2.0071 95.071 99.2% 20.6 GOLDEN VALLEY 16 1.74 97.1% 100.2% 10.5 ROBBINSDALE 0 0.0091 0.0% 0.0 0.0 GREENFBELD 0 0.0071 0.0% 0.071 0.0 ROCKFORD 0 0.00% 0.0% 0.0% 0.0 GREENWOOD 0 0.00% 0.0 0.071 0.0 ROGERS 0 0.009. 0.0 0.0 0.0 HANOVER 0 0.00% 0.0% 0.0% 0.0 ST ANTHONY 7 2.48% 96.2 97.5% 3.5 HASSAN 0 0.00 0.091 0.071 0.0 ST BONIFACIUS 0 0.00% 0.0% 0.091 0.0 HOPKINS 16 1. 16% 94.8% 96.1% 11.2 ST LOUIS PARK 74 2.09% 93.1% 97.2 10.2 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 1 0.54% 95.2% 9511/. 0.0 LORETTO 0 0.0091 0.0% 0.0% 0.0 TONKABAY 0 0.00% 0.0 0.0% 0,0 MAPLE GROVE 73 2.42% 95.2% 95.991 4.8 WAYZATA 6 2.64% 94.5% 90.4% 8.8 MAPLE PLAIN 0 0.0091 0.091 0.0 0.0 WOODLAND 0 0.00% 0.0 0.0 0.0 MEDICINE LAKE 0 0.009. 0.091 0.0% 0.0 SUBURBAN 761 2.13% 95.4 96.6% 7.7 HENNEPIN ALL HENNEPIN 1,527 0 31 2010 SPRING TOWNHOME (Y)" RATIO " STUDY Run Date: 03/02/10 MUNICIPALITY SALES % MEDIAN MEAN COD MUNICIPALITY SALES % MEDIAN MEAN COD BLOOMINGTON 62 2.79% 951% 97.1% 4.6 MEDINA 2 14.29% 93.0 93.0% 7.5 BROOKLYN CENTER 8 1.18% 96.6% 93.7 11.6 MINNEAPOLIS 26 2,49% 94.3% 95.3% 6.9 BROOKLYN PARK 56 1.73% 95.4% 100.5% 9.1 MINNETONKA 58 2.88% 94.7% 95.2% 4.4 CHAMPLIN 7 1.88% 93.6% 93.6 3.5 MRfNETONKA BEACH 0 0.00 0.0% 0.0 0.0 CORCORAN 0 0,00% 0.09. 0.0% 0.0 MINNETRISTA 0 0.00% 0.071 0.09. 0.0 CRYSTAL 3 3.19% 95.7% 101.3% 6.0 MOUND 0 0.007. 0.0% 0.0% 0.0 DAYTON 0 0.00 0.07. 0.0% 0.0 NEW HOPE I I 5.09% 91.5% 91.7% 5.0 DEEPHAVEN 0 0.00% 0.MI 0.01% 0.0 ORONO 4 5.49% 95.S% 94.5% 5.6 EDEN PRAIRIE 77 2.61% 95.1% 97.5% 6.6 OSSEO 0 0.00% 0.0% 0.0% 0.0 EDINA 18 2.87% 97.0 96.4•/. 4.6 PLYMOUTH 97 2.76 95.0% 94.9 5.3 EXCELSIOR 0 0.00% 0.09. 0.0 0.0 RICHFIELD 0 0.007. 0.0% 0.0% 0.0 GOLDEN VALLEY 12 2.76% 96.0% 95.6% 4.8 ROBBINSDALE 0 0.00% 0.091 0.0% 0.0 GREENFIELD 3 4.41% 96.4 98.2% 3.8 ROCKFORD 1 5.0091 95.6% 95.6% 0.0 GREENWOOD 0 0.00% 0.09. 0.0% 0.0 ROGERS 10 2.499. 93.5% 95,4% 6.8 HANOVER 0 0.00% 0. (r/. 0.07. 0.0 ST ANTHONY 2 3.45% 90.0% 90.0% 1.6 HASSAN 0 0.00 0.07. 0.07. 0.0 ST BONIFACIUS 1 0.68% 89.2% 89.2 0.0 HOPKINS 12 2.07 94.9% 94.4% 3.4 ST LOUIS PARK 26 3.60% 94.3% 95.0% 4.5 INDEPENDENCE 0 0.009. 0.0% 0.0% 0.0 SHOREWOOD U 4.10 95.5% 97.2% 4.0 LONG LAKE 1 1.72% 98.9% 98.8% 0.0 SPRING PARK 1 2.22% 97.6% 97.6% 0.0 LORETTO 0 0.00% 0.09. 0.0% 0,0 TONKABAY 0 0.00% 0.09. 0.0 0.0 MAPLE GROVE 84 2.69% 94.9% 95.8% 5.7 WAYZATA 12 4.72% 94.99. 95.5% 3.6 MAPLE PLAIN 0 0.00 0.096 0.07. 0.0 WOODLAND 0 0.00% 0.0% 0.0° /. 0.0 MEDICINE LAKE 0 0.00% 0.09. 0.0% 0.0 SUBURBAN 581 2.56% 953% 98.1% 5.9 HENNEPIN••• ALLHENNEPIN•Y. 607 0 32 2010 SPRING DOUBLE BUNGALOW (DB & TP)" RATIO" STUDY Run Date 03/02/10 MUNICIPALITY #SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN COD BLOOMINGTON 1 0.59% 80.89. 80.8% 0.0 MEDINA 0 0.00 0.09. 0.0% 0.0 BROOKLYN CENTER 1 1.54% 94.1% 94.1% 0.0 MINNEAPOLIS 127 19 97.1% 96.1% .11.4 BROOKLYN PARK - 4 1.23% 98.3% 94.1% 9.0 M04NETONKA 2 4.55 114.3% 114.3% 13.3 CHAMPLIN 1 1.52% 92.3% 92.3% 0.0 MINNETONKA BEACH 0 000. 0.0% 0.0 0.0 CORCORAN 0 0.00%. 0.09. 0.0 /. 0.0 MINNETRISTA 0 000 0.09. 0.09. 0.0 CRYSTAL 0 0.009. 0.0 0.09. 0.0 MOUND 0 0.00 0.0 .0.0% 0.0 DAYTON 0 0.00% 0.09. 0.0 0.0 NEW HOPE 1 1.79 85.8% 85.8% 0.0 DEEPHAVEN 0 0.009. 0.09. 0.0% 0.0 ORONO 0 0.00 0.0% 0.09. 0.0 EDEN PRAIRIE 1 1.75 155.09. 155.091 0.0 OSSEO 1 14.2 93.8% 93.8% 0.0 EDINA 3 1.67% 95.6% 98.8% 8.2 PLYMOUTH 0 0.00 0.09. 0.09. 0.0 EXCELSIOR 0 0.009. 0.0% 0.09. 0.0 RICHFIELD 3 2.01 95.4% 100.1% 8.4 GOLDEN VALLEY 0 0.009. 0.0 0.09. 0.0 ROBBINSDALE 1 0.37 96.0% 96.09. 0.0 GREENFIELD 0 0.00 0.0% .0.09. 0.0 ROCKFORD 0 0.00 0.0 0.0% 0.0 GREENWOOD 0 0.00 0.09. 0.09. 0.0 ROGERS 0 0 0.0 0.09. 0.0 HANOVER 0 0.009. 0.09. 0.09. 0.0 ST ANTHONY 2 8 .70 95.4 95.4% 3.0 HASSAN 0 0.00 0.09. 0.07. 0.0 ST BONIFACIUS 0 °%o 0.09. 0.0 0.0 HOPKINS 3 1.31% 95.8% 93.99. 6.2 ST LOUIS PARK 1 0.49 95.0% 95.0 0.0 INDEPENDENCE 0 0.009. 0.09. 0.09. 0.0 SHOREWOOD - 0 0.00 0.09. 0.0% 0.0 LONG LAKE 0 0.00% 0.09. 0.09. 0.0 SPRING PARK 0 0.00 0.09. 0.09. 0.0 LORETTO 0 0.009. 0.07. _ 0.07. 0.0 TONKA BAY 0 0.00 0.p% 0.0% 0.0 MAPLE GROVE 1 122% 100.0% 100.0 0.0 WAYZATA 1 3.23 94.3% 94.3% 0.0 % MAPLE PLAIN 0 0.00% 0.09. 0.09. 0.0 WOODLAND 0. 0.09. 0.0 0.0 i MEDICINE LAKE 0 0.009. 0.09. 0.0% 0.0 SUBURBAN HENNEPIN 27 1.17 95.4% 98.6 14.8. ALL HENNEPIN 154 0 33 VALUATION NOTICES March, 2010 Commonly Asked Questions What is this notice / received in the mail? This notice is your 2010 assessed value for taxes payable in 2011. It is intended to show you the estimated market value, limited market value and taxable market value of your house for taxes payable in 2011. 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, 2010 estimating the 2011 property taxes. The Truth in Taxation notice will also contain meeting dates of any taxation meetings. Actual tax statements reflecting the 2010 assessment will be mailed in March, 2011. 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 2010 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 2010 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. The limited market value program was not renewed by the state legislature after its expiration following the 2008 assessment. 34 Is my property still considered a homestead property? Your current homestead status for the 2010 assessment for taxes payable in 2011 is displayed in the upper right hand corner under the property classification. Any partial percentage homesteads will be reflected on the notice. Can l 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 I do as a senior citizen with a limited income if I feel you are taxin_a 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 I have you also look at my 2009 valuation for taxes payable in 2010? No. The previous year's valuation has already been finalized. Your 2010 tax statement that you received in March is based on your 2009 valuation. Questions regarding that value would have had to have been addressed at the time you received that valuation notice, or at the 2009 Local Board of Appeal and Equalization. What will my 2011 taxes be with this change? The tax rates have not been determined for the 2011 taxes. We will have a better idea of estimating taxes when the legislature adjourns. You will receive a Truth in Taxation notice in November, 2010 that will give you an estimate of the 2011 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 year's tax rates you may call Hennepin County Tax Estimates at (612) 348 -3011 for assistance. 35 CITY OF BROOKLYN CENTER RESIDENTIAL MEDIAN ASSESSED VALUE AND TAX CAPACITY TAX YEARS 2001 - 2011 Median Value Percentage Tax Capacity Percentage Change Change Single Family Residential $105,600 17.20% $1,248.40 25.76 /o ° Payable 2001 Single Family Residential ° 0 Payable 2002 $119,300 12.97/0 $1,193.00 - 4.44/° Single Family Residential $140,200 17.52% $1,402.00 17.52/0 ° Payable 2003 Single Family Residential o ° Payable 2004 $152,000 8.42/0 $1,520.00 8.42/0 Single Family Residential 0 0 Payable 2005 $164,100 7.96/0 $1,641.00 7.96/0 Single Family Residential 0 0 Payable 2006 $176,400 7.50 /o $1,7fi4.00 7.50 /o 'r Single Family Residential ° 0 Payable 2007 $190,400 7.94/0 $1,904.00 7.94/0 Single Family Residential 0 0 Payable 2008 $196,100 2.99 /0 $1,961.00 2.99 /o Single Family Residential ° Payable 2009 $180,400 -8.01% $1,804.00 -8.01 /0 Single Family Residential ° 0 Payable 2010 $156,500 - 13.25/0 $1,565.00 - 13.25/0 Single Family Residential ° Payable 2011 $137,500 - 12.14° /0 $1,375.00 - 12.14/0 4/1 412 01 0 36 FORECLOSURES AND SHORT SALES c N T H E TW I N C I T I Es H O U S I N G M A R K ET MINNEAPOLIS AREA Association �fREALTORS* A rea 363: 03 -2009 Update Brooklyn Center Lender Mediated Traditional 10 -2008 10 -2009 1 +/- 10 -2008 10 -2009 +/_ Inventory of Homes for Sale 193 140 -27.6% 147 94 -36.1% Months Supply of Inventory 12.7 2.4 -81.2% 13.9 6.0 -57.0% 110- 2007thru 10- 2008thru +�- 10- 2007thru 10- 2008thru +/- 9 -2008 9 -2009 4 -2008 9 -2009 New Listings 557 672 +20.6% 500 352 -29.6% Closed Sales i 165 458 +177.6% 134 173 +29.1% What to Watch For ° Share of Inventory ThaYs Lender - Mediated As of October Brooklyn Center has a higher than average share of lender- mediated properties -59.8 percent of current homes for sale. Total Twin Cities 59.8% inventory is 25.2 percent lender- mediated. 56.8% Over the last two quarters, the total number of lender - mediated homes for sale in Brooklyn Center has fallen from 214 to 140—a dip of 34.6 percent. Traditional inventory has held steady from 94 to 94. 20.8 1 %. In the last year, the months supply of lender- mediated inventory has decreased from 12.7 months to 2.4 months due to increasing sales of lender- mediated properties. �M 2007 2008 2009 Inventory of Homes for Sale —Traditional Sao —Lender- Mediated 250 200 150 100 so - 0 Q1 -07 Q2 -07 Q3 -07 Q4-07 Q1 -08 Q2 -08 Q3 -08 Q4-08 01 -09 Q2 -09 Q3 -09 New Listings Closed Sales — Traditional —+— Traditional —Lender-Mediated aao Lender- Mediated 150 140 250 200 100 - 150 80 100 40 so Q1- Q2- 03- Q4- 01- Q2- Q3- Q4- Q1- Q2- 03. 01- 02 - Q3- Q4- Q1- 02- Q3- Q4- Q1- 02- Q3- 07 07 07 07 08 08 08 08 09 09 09 07 07 07 07 08 08 08 08 09 09 09 0 2009 Minneapolis Area Association of REALTORS®, Inc. i Sponsored by Royal Credit Union _" www.rcu.org Page 1 of 2 37 FORECLOSURES AND SHORT SALES c INT H E TW I N CITIES H O U S I N G MARKET MINNEAPOLIS AREA Association of REALTORS' Area 363: Lender- Mediated Traditional 10-2007 10 -2008 10 -2007 10_2008 Brooklyn Center thru thru +/- thru thru 9 -2008 9 -2009 9 -2008 9 -2009 Median Sales Price $115,000 $75,000 -34.8% $157,500 $134,200 -14.8% Median Price Per Square Foot $72 $49 -31.7% $93 $81 -13.3% Percent of Original List Price Received at Sale 87.0% 90.8% +4.3% 90.6% 94.1% +3.9% Days on Market Until Sale 163 149 -8.5% 174 145 -16.7% Median Price Per Square Foot ■ 10 -2007 thru 9 -2008 Median Sales Price ■ 10 -2007 thru 9-2008 ■ 10 -2008 thru 9 -2009 ■ 10 -2008 thru 9 -2009 $93 $157,500 $81 $134,200 $72 $115,000 $49 $75,000 Lender- Mediated Traditional Lender - Mediated Traditional Percent of Original List Price Received ■ 10 -2007 thru 9 -2008 Days on Market Until Sale ■ 10 -2007 thru 9 -2008 ■ 10 -2008 thru 9 -2009 ■ 10 -2008 thru 9 -2009 94.1% 174 90.8% 90.6•/. 163 87.0% 148 145 Lender- Mediated Traditional Lender- Mediated Traditional ® 2009 Minneapolis Area Association of REALTORS®, Inc. I Sponsored by Royal Credit Union -W www.rcu.org Page 2 of 2 38 Report Name: Sales Ratio Analysis Printed: 4/14/2010 Assessment Year: 2010 Clty Of BI'OOltlyn Centel' Page: 1 Version: 1 Sales Ratio Analysis User Name: JBRENNA (3) Single Family Residential Ratio 2010 Assessment Sales Ratio Dev From Std Dev 88x!4 SAM Sale Date rw Dbl Nhrhd Address Mkt value Purch Price Bexia Rjak Median M= From Mean Calk 01- 118- 21 -23- 0067 0054 5730 Emerson AveN 123,100 155,100 79.4 I -15.7 -17.7 -1.40 00 02/20/2009 34- 119 -21 -32 -0010 0053 6400 Major AveN 136,000 169,900 80.0 2 -15.0 -17.0 -1.35 00 05/27/2009 01-118-21-22-0076 0054 6044 Girard Ave N 125,800 155,400 81.0 3 -14.1 - 16.1 -1.28 00 08/21/2009 36- 119 -21 -32 -0020 0052 6400 Emerson Ave N 124,300 152,500 81.5 4 -13.5 -15.6 -1.23 00 09/17/2009 03- 118- 21 -13- 0026 0053 5821 Drew AveN 122,400 150,000 81.6 5 -13.4 -15.5 -1.23 00 07/02/2009 27 -119 -2143 -0042 0051 7019 Ewing Ave N 136,500 167,000 81.7 6 -13.3 -15.3 -1.22 00 07/24/2009 25- 119 - 2142 -0024 0050 7118 Dallas Rd 172,400 209,000 82.5 7 -12.5 -14.6 -1.16 00 10/31/2008 35- 119 -21 -31 =0015 0053 260165th AveN 134,200 162,500 82.6 8 -12.4 -14.5 -1.15 00 11/24/2008 34- 119 -21 -12 -0054 0051 6743 Drew Ave N 136,300 164,500 82.9 9 -12.2 -14.2 -1.13 00 11/19/2008 35- 119- 21 -33- 0043 0053 2919 Nash Rd 140,100 169,000 82.9 10 -12.1 -14.2 -1.12 00 10/24/2008 34 -119 -2144 -0051 0053 3207 Mumford Rd 128,900 155,000 83.2 11 -11.9 -13.9 -1.10 00 05/15/2009 02 -118- 2141- 0048 0054 5632 James Ave N 143,700 172,660 83.2 12 -11.8 -13.9 -1.10 00 12/02/2008 35- 119- 21 -32- 0086 0053 2701 Ohenry Rd 133,200 159,900 83.3 13 -11.7 -13.8 -1.09 00 03/26/2009 10- 118 -21 -24 -0023 0055 383151st Ave N 153,800 184,300 83.5 14 -11.6 -13.6 -1.08 00 11/17/2008 26 -119 -2142 -0040 0052 7119 Morgan Ave N 139,500 166,840 83.6 15 -11.4 -13.5 -1.07 00 10/03/2008 33- 119 -2142 -0048 0053 5306 64th Ave N 136,600 160,000 85.4 16 -9.7 -11.7 -0.93 00 09124%2009 03- 118- 21 -21- 0093 0053 5931 Halifax Ave N 132,900 155,588 85.4 17 -9.6 -11.7 -0.92 00 06/04/2009 03- 118 -21 -31 -0061 0055 3915 56th Ave N 134,600 157,500 85.5 18 -9.6 -11.6 -0.92 00 04/24/2009 10- 118- 21 -24- 0017 0055 393051st Ave N 163,000 189,900 85.8 19 -9.2 -11.2 - 0.89 00 08/28/2009 03- 118 -21 -31 -0040 0055 3825 Burquest La 124,700 145,125 85.9 20 -9.1 -11.2 -0.88 00 08/17/2009 26- 119 -21-44 -0092 0052 1821 Irving La N 162,700 189,000 86.1 21 -8.9 -11.0 -0.87 00 07/09/2009 03- 118- 21 -24- 0037 0055 3820 France Pl 135,400 157,000 86.2 22 -8.8 -10.8 -0.86 00 09/25/2009 33- 119 -21 -12 -0099 0051 6731 Regent Ave N 138,900 160,000 86.8 23 -8.2 -10.3 -0.81 00 08/21/2009 27 -119 -2143 -0058 0051 7024 France Ave N 183,300 210,000 87.3 24 -7.7 -9.8 -0.78 00 12/19/2008 01- 118 -21 -22 -0077 0054 6050 Lilac Dr N 129,200 147,400 87.7 25 -7.4 -9.4 - 0.75 00 07/15/2009 34- 119 -21 -34 -0068 0053 400162nd AveN 127,100 145,000 87.7 26 -7.4 -9.4 -0.75 00 04/23/2009 10- 118 -21 -24 -0015 0055 3918 51st Ave N 154,300 174,852 88.2 27 -6.8 -8.8 - 0.70 00 03/26/2009 33- 119- 21 -14- 0035 0053 4912 65th Ave N 125,400 142,000 88.3 28 -6.7 -8.8 -0.70 00 09/30/2009 10- 118 -21 -24 -0012 0055 3900 51 st Ave N 163,800 185,440 88.3 29 -6.7 -8.8 -0.69 00 06/19/2009 33- 119- 21 -11- 0100 0051 6718 Regent Ave N 126,400 143,075 88.3 30 -6.7 -8.7 -0.69 00 06/25/2009 10- 118 -21 -32 -0020 0055 4701 Aulia Ave N 140,900 159,129 88.5 31 -6.5 -8.5 -0.68 00 08/05/2009 02 -118 -21-41 -0019 0054 5606 Irving Ave N 136,200 153,000 89.0 32 -6.0 -8.1 -0.64 00 08/28/2009 03- 118 -21 -11 -0050 0053 6007 Zenith AveN 147,500 165,300 89.2 33 -5.8 -7.8 -0.62 00 07/31/2009 02- 118 -21 -44 -0099 0054 5333 James Ave N 115,600 129,000 89.6 34 -5.4 -7.5 -0.59 00 05/22/2009 03- 118 -21 -43 -0072 0055 3607 53rd Pl N 137,200 153,000 89.7 35 -5.4 -7.4 -0.59 00 08/10/2009 36- 119 -21 -32 -0076 0052 6412 Humboldt Ave N 116,600 129,900 89.8 36 -5.3 -7.3 -0.58 00 08/31/2009 36- 119 -21 -34 -0033 0054 6101 Colfax AveN 132,500 147,500 89.8 37 -5.2 -7.3 -0.57 00 09/30/2009 01- 118 -21 -22 -0022 0054 5909 Emerson Ave N 121,800 135,400 90.0 38 -5.1 -7.1 -0.56 00 09/30/2009 W 10- 118 -21 -32 -0197 TL 0056 4715 Twin Lake Ave 328,700 365,000 90.1 39 -5.0 -7.0 -0.56 00 11118/2008 40 Report Name: Sales Ratio Analysis City of-Brooklyn Center Printed: 4/14/2010 Assessment Year: 2010 Page: 2 Version: I Sales Ratio Analysis User Name: JBRENNA (3) Single Family Residential Ratio 2010 Assessment Sales Balis Dev From Std Dev Ratio SubJt Sale Date PiI2 DjU IYbrhd Address Mkt Value Purch Price RAj Q RK& m e di an mM From Mean Code 36- 119 -21 -34 -0026 0054 6130 Colfax Ave N 139,200 153,500 90.7 40 -4.3 -6.4 -0.51 00 06/26/2009 33- 119 -21 -44 -0029 0053 6207 Quail Ave N 116,000 127,680 90.9 41 -4.2 -6.2 -0.49 00 09/25/2009 03- 118 -21 -34 -0037 TL 0056 5301 Twin Lake Blvd E 286,500 315,000 91.0 42 -4.1 -6.1 -0.49 00 11/10/2008 36- 119- 21 -34- 0055 0054 6206 Colfax Ave N 135,000 148,025 91.2 43 -3.8 -5.9 -0.47 00 05/29/2009 03- 118 -21 -34 -0031 0055 5432 Twin Lake Blvd E 193,900 212,500 91.2 44 -3.8 -5.8 -0.46 00 09/14/2009 27- 119 -21 -31 -0029 0051 7224 Halifax Ave N 161,800 177,035 91.4 45 -3.6 -5.7 -0.45 00 11118/2008 36- 119- 21 -33- 0025 0054 6100 Emerson Ave N 126,900 138,380 91.7 46 -3.3 -5.4 -0.43 00 09/25/2009 27- 119 -21 -43 -0031 0051 7006 Ewing Ave N 121,100 132,000 91.7 47 -3.3 -5.3 -0.42 00 07/16/2009 35- 119 -21 -33 -0043 0053 2919 Nash Rd 140,100 152,100 92.1 48 -2.9 -5.0 -0.39 00 06/09/2009 34- 119 -21 -11 -0084 0051 3006 Thurber Rd 133,300 143,910 92.6 49 -2.4 -4.5 -0.35 00 06/19/2009 33- 119 -21 -42 -0074 0053 5206 Eleanor La 154,900 166,000 93.3 50 -1.7 -3.8 -0.30 00 05/15/2009 36- 119 -2143 -0023 0054 6109 Lyndale Ave N 135,800 145,000 93.7 51 -1.4 -3.4 -0.27 00 04130/2009 34- 119- 21 -11- 0040 0051 6818 Beard Ave N 156,800 167,374 93.7 52 -1.3 -3.4 -0.27 00 01/09/2009 27- 119 -21 -31 -0027 0051 7212 Halifax Ave N 145,100 154,200 94.1 53 -0.9 -3.0 -0.24 00 08/28/2009 27- 119 - 2143- 0064 0051 3807 Urban Ave 139,400 148,000 94.2 54 -0.8 -2.9 - 0.23 00 05/28/2009 34- 119 -21 -41 -0023 0053 311864th Ave N 146,100 155,000 94.3 55 -0.8 -2.8 - 0.22 00 08/31/2009 27- 119 -21 -34 -0060 0051 6931 France'Ave N 136,100 143,600 94.8 56 -0.3 -2.3 -0.18 00 09/25/2009 34- 119 -21 -23 -0062 0053 4400 65th Ave N 134,600 141,750 95.0 57 -0.1 -2.1 -0.17 00 09115/2009 01- 118- 21 -33- 0082 0054 5401 Dupont Ave N 139,500 146,902 95.0 58 -0.1 -2.1 -0.17 00 05/19/2009 01- 118 -21 -22 -0034 0054 6023 Dupont Ave N 131,700 138,592 95.0 59 0.0 -2.1 -0.16 00 07/09/2009 10- 118 -21 -13 -0033 0055 3408 50th Ave N 137,800 145,000 95.0 60 0.0 -2.0 -0.16 00 09/01/2009 35- 119- 21 -32- 0046 0053 2706 64th Ave N 141,800 149,000 95.2 61 0.1 -1.9 -0.15 00 08/03/2009 01- 118- 21 -21- 0074 0054 6018 Aldrich Ave N 139,000 146,000 95.2 62 0.2 -1.9 -0.15 00 06/30/2009 34- 119 -21 -23 -0040 0053 440766th Ave N 124,300 130,000 95.6 63 0.6 -1.5 -0.12 00 05/27/2009 33- 119 -21 -13 -0024 0053 5130 Winchester La 153,100 160,000 95.7 64 0.7 -1.4 -0.11 00 06/29/2009 36- 119 -21 -34 -0021 0054 6101 Bryant Ave N 129,400 134,400 96.3 65 1.2 -0.8 -0.06 00 08/10/2009 34- 119- 21 -34- 0018 0053 4219 Janet La 132,300 137,000 96.6 66 1.5 -0.5 -0.04 00 06/29/2009 25- 119 -21 -31 -0071 0052 737 73rd AveN 149,900 .155,000 96.7 67 1.7 -0.4 -0.03 00 06/15/2009 03- 118 -21 -13 -0052 0055 3509 Admiral La 146,800 151,500 96.9 68 1.9 -0.2 -0.01 00 10/14/2008 34- 119 -21 -24 -0050 0053 4200 65th Ave N 129,000 133,074 96.9 69 1.9 -0.1 -0.01 00 04/07/2009 03- 118 -21 -11 -0103 0053 5906 Zenith Ave N 126,600 130,000 97.4 70 2.4 0.3 0.02 00 08/07/2009 02 -118 -2143 -0095 0054 2018 54th Ave N 145,500 149,250 97.5 71 2.5 0.4 0.03 00 12/10/2008 36-119-21-21-0108 0052 6807 Aldrich Ave N 131,300 134,400 97.7 72 2.7 0.6 0.05 00 07/29/2009 26- 119 -21 -34 -0003 0052 2200 69th Ave N 110,800 113,400 97.7 73 2.7 0.6 0.05 00 08/28/2009 34- 119 -21 -11 -0098 0051 3019 Thurber Rd 138,000 141,000 97.9 74 2.8 0.8 0.06 00 09/30/2009 27- 119 -21 -31 -0084 0051 4206 Woodbine La 147,500 150, 100 98.3 75 3.2 1.2 0.09 00 12/11/2008 03-118-21-24-0031 0055 3918 France PI 156,000 157,140 99.3 76 4.2 2.2 0.17 00 07/30/2009 02- 118 -21 -31 -0047 0054 2348 Brookview Dr 139,600 140,000 99.7 77 4.7 2.6 0.21 00. 06/19/2009 25-119-21-31-0015 0052 919 73rd Ave N 126,300 126,500 99.8 78 4.8 2.8 0.22 00 08/27/2009 Report Name: Sales Ratio Analysis Printed: 4114/2010 Assessment Year: 2010 City Of Brooklyn Center Page: 3 Version: I Sales Ratio Analysis User Name: JBRENNA (3) Single Family Residential Ratio 2010 Assessment Sal" BatiQ Dev From Std Dev BatiQ SmU Sale Date M Rig Nbrhd Address Mkt Value Purch Price RatiQ Rank Median M&an From Mean Code 34-119-21-34-0086 0053 3912 Joyce La 133,800 134,000 99.9 79 4.8 2.8 0.22 00 05/27/2009 27- 119 -21 -32 -0036 0051 7124 Major AveN 119,900 120,000 99.9 80 4.9 2.8 0.22 00 05/13/2009 01-118-21-21-0111 0054 5921 Bryant Ave N 118,500 118,340 100.1 81 5.1 3.1 0.24 00 02/06/2009 34 -1 19- 21 -13- 0048 0053 6519 Chowen Ave N 112,200 111,600 100.5 82 5.5 3.5 0.27 00 04/30/2009 01- 118- 21 -23- 0092 0054 5831 Dupont AveN 110,800 110,000 100.7 83 5.7 3.6 0.29 00 07/30/2009 03- 118 -21 -31 -0019 0055 3807 57th AveN 161,300 160,100 100.7 84 5.7 3.7 0.29 00 09/25/2009 34- 119 -21 -11 -0047 0051 6813 Beard AveN 118,500 116,450 101.8 85 6.7 4.7 0.37 00 05/21/2009 27 -119 -2143 -0034 0051 7024 Ewing Ave N 132,300 129,900 101.8 86 6.8 4.8 0.38 00 05/29/2009 33- 119 -21 -12 -0064 0051 6800 Scott Ave N 123,300 120,900 102.0 87 7.0 4.9 0.39 00 05/26/2009 02- 118- 21 -31- 0020 0054 2344 Brookview Dr 118,900 116,400 102.1 88 7.1 5.1 0.40 00 04/24/2009 10- 118.21- 12-0081 0055 5118 France Ave N 132,800 130,000 102.2 89 7.1 5.1 0.40 00 09116/2009 10- 118- 21 -12- 0085 0055 5142 France Ave N 133,100 129,900 102.5 90 7.4 5.4 0.43 00 07/31/2009 03- 118 -21 -21 -0041 0053 5843 Pearson Dr 134,400 130,950 102.6 91 7.6 5.6 0.44 00 09/30/2009 02-118-2143-0072 0054 2112 55th Ave N 128,800 125,400 102.7 92 7.7 5.6 0.45 00 10/31/2008 02 -118- 2141- 0012 0054 5633 Humboldt AveN 96,100 93,500 102.8 93 7.8 5.7 0.45 00 11/06/2008 34- 119 -21 -23 -0055 0053 4401 Winchester La 117,200 113,853 102.9 94 7.9 5.9 0.46 00 04/20/2009 34- 119- 21 -33- 0063 0053 6229 Major Ave N 133,300 128,500 103.7 95 8.7 6.7 0.53 00 05/15/2009 03- 118- 21 -23- 0016 0053 5819 June Ave N 156,100 150,000 104.1 96 9.0 7.0 0.55 00 05/01/2009 03- 118 -21 -13 -0010 0055 5706 Northport Dr 126,200 121,250 104.1 97 9.1 7.0 0.56 00 04/30/2009 10- 118 -21 -12 -0067 0055 5218 France AveN 141,100 135,000 104.5 98 9.5 7.4 0.59 00 08/04/2009 33 -119 -2144 -0068 0053 5013 61st Ave N 140,700 134,197 104.8 99 9.8 7.8 0.62 00 05/22/2009 01- 118 -21 -23 -0070 0054 5843 Emerson Ave N 116,500 111,000 105.0 100 9.9 7.9 0.62 00 09/29/2009 26- 119 -21 43 -0100 0052 7001 Oliver AveN 168,800 157,813 107.0 101 11.9 9.9 0.78 00 09/22/2009 01- 118- 21 -22- 0084 0054 6001 Girard Ave N 117,800 109,000 108.1 102 13.0 11.0 0.87 00 06/12/2009 36- 119 -21 -12 -0023 0052 6736 5th St N 148,700 137,475 108.2 103 13.1 11.1 0.88 00 08/07/2009 10- 118- 21 -21- 0072 0055 3821 ,Oak St 159,100 146,690 108.5 104 13.4 11.4 0.90 00 03/26/2009 35- 119 -21 -33 -0037 0053 2807 Nash Rd 138,800 127,000 109.3 105 14.3 12.2 0.97 00 08/07/2009 27- 119 -2143 -0035 0051 7030 Ewing AveN 122,800 112,035 109.6 106 14.6 12.5 0.99 00 08/19/2009 01- 118 - 21.33- 0027 0054 5332 Humboldt AveN 125,100 114,000 109.7 107 14.7 12.7 1.00 00 08/26/2009 10- 118 -21 -12 -0089 0055 5126 Drew Ave N 129,200 116,560 110.8 108 15.8 13.8 1.09 00 09/16/2009 01- 118 -21 -22 -0070 0054 6006 Girard Ave N 122,300 109,000 112.2 109 17.2 15.1 1.20 00 08/21/2009 10- 118 -21 -13 -0025 0055 4925 Beard Ave N 131,600 115,900 113.5 110 18.5 16.5 1.31 00 04/10/2009 35-119-21-32-0049 0053 2612 64th Ave N 136,300 117,700 115.8 111 20.8 18.7 1.48 00 02/13/2009 01-118-21-21-0025 0054 5901 Colfax Ave N 152,900 130,883 116.8 112 21.8 19.7 1.57 00 08/27/2009 33 -119 -2141 -0124 0053 6419 Quail Ave N 117,800 100,000 117.8 113 22.8 20.7 1.64 00 06/19/2009 01- 118 -21 -22 -0024 0054 5900 Fremont Ave N 121,700 99,910 121.8 114 26.8 24.7 1.96 00 01/27/2009 34-119-21-32-0083 0053 6301 Kyle Ave N 129,000 98,000 131.6 115 36.6 34.6 2.74 00 10/29/2008 02-118-2143-0081 0054 5431 Logan Ave N 122,800 93,200 131.8 116 36.7 34.7 2.75 00 11/13/2008 34- 119 -21 -33 -0002 0053 6237 June Ave N 134,400 102,000 131.8 117 36.7 34.7 2.75 00 05/15/2009 r Report Name: Sales Ratio Analysis Printed: 4/14/2010 Assessment Year: 2010 City Of Brooklyn Center Printed: 4 Version: 1 Sales Ratio Analysis User Name: JBUNNA (3) Single Family Residential Ratio 2010 Assessment SAW BaiiQ Dev From Std Dev 13ati4 SMU Sale Date EM Ifig Nbrhl1 Address Mkt Value Purch Price Rifia Rudd Mefflan BIM From Mean CQj 27- 119 -21 -33 -0024 0051 6927 Lee Ave N 123,400 93,000 132.7 118 37.7 35.6 2.82 00 06/10/2009 03- 118 -21 -13 -0040 0053 5842 Brooklyn Blvd 103,900 65,000 159.8 119 64.8 62.8 4.98 00 04/10/2009 Arithmetic Average Values: 138,289 145,113 P V Report Name: Sales Ratio Analysis Printed: 4/14/2010 City of Brooklyn Center Assessment Year: 2010 Page: 5 Version: 1 Sales Ratio Analysis User Name: JBRENNA (3) Single Family Residential Ratio 2010 Assessment Ratio Analysis Statistics A) Number of Sales: 119 B) Range of Sales Ratios: 79.4 to 159.8 C) Median Ratio: 95.0 D) Mean Ratio: 97.1 E) Sales- Weighted Aggregate Ratio: 95.3 F) Average Deviation From Median: 8.9 G) Coefficient of Dispersion: 9.4 ( =100 * F /C) H) Coefficient of Variation: 13.0 ( = 100 * J/D) I) Index of Regression: 101.9 (= 100 * D/E) J) Standard Deviation: 12.6 K) Sample Sufficiency Gauge: 0.58 (= SQRT (0.5 * B /A)) Parcels in Area = 7,327 Sales Ratio Analysis Selection Criteria Assessment Year = 2010 Version = 1 Exempt_Type = " SubRecord_Nbr = 1 Sale >='10/1/2008' Sale <= '9/30/2009' Status <>T Part _Const_Code <>'Y' (Neighborhood Between'0050' and'0056 ) Property_TYPe in (' B',' BJ',' D',' DB',' DJ',' HR',' LL',' LR',' P',' R',' RL',' RM',' RZ', 'S','TP','X','XC','XM','Y','Z') Sale in ('00) Trial/Actual Market Values = Actual Sale Price /Cash Equivalent = Cash Equivalent W 1 z �- r •nannn.. R 11. •. X • 1n1 , � + s h 'IS sL . 111111 _ ..1! ,� ",�� -. , '= mss- •= _ 1 .: _ _ `�"' S _ �+ �� ...-S • ,�,� •!.M to itNn! -• J!{{rR i' p Ip '� 9�tilni� �1:•J �- rj T H E uln�ll :. `1 R liiiill�rtn tUAlul Il ■uultlul�flr -f_ ul - '^+ �� : , - r .,+ w�uuawnal ut lx:Ut�lttll.UUOWs ®1►— . � �Io:y 1 •�') i �. � � ���'" g � - � v � 1 '�'+' . tou t ;� „� ••: .� Jolb pr-1 « ! + iiiunl uuf felatrJt +.� »� 1— I i1; �. r •iflrlltlt urrgt J ;�ttR till. # 1 �ir� t o r my » unn...,� - �• ai.. i�tl Jim » 16 z 11 f��ii1111111 '” ,� � r- ia�:u' iimi� � �Irrd S `�_.: n.'.xd!•J�itiw =� � � U� i :`_litim !t- ��itl /1 llarynuum ' d ` � t . — 1 wu ICE sz _�,'� � tune• _trs - se - ■ � '�,r�h " � • :: 1 a^ r = a _ ",'T�''s ■�I � Jt / '� -- = = _ _ :111: p Li 1' J HIM 1 T� .. ,fib �' [�. �vx. .,'i_51. � / - - -- R , � �■ �_.__ =7 Si,.j4 � y� }' IU�iilluam4�.�si � c "c ii :• i .- ?+ s � i 7^r � ' � ��. "'�� ,"s' atn »�!! • '.'r y; • Haul &�..y_ ^ - _ :.- r. '_ u R w t + r5•' + .IIIN /IIiR /Y I/N!1!!R r!�! � i /InlJ n 111. w/« ! , - J pNlnnl_ - - =� :- - _ _ _y_ � - • ' _ - i1. + 1 / /111 � y� £ 111 r Ilk MAN 90=1 ISO 5�� - ��"�'��-: • = i a = _ t si /•`del '}rQ r•t Iiiii ,i Residentiat2010- Values Residential 2010 Values REVISED 1129119 Average overall Targe 95.0 I Numb" Median ' % % land i Av a Avera a Cash E iv i Ratio # Ratios % Ratios # Ratios % Ratios Area , of Sales ,. i Rauo �, C.O.D. change Change, I Lana value E.M. V Sale Prim � _ Range Under 85 % Under 85 / Over 106% Over 106% s- Cur tSF 50.56 I It 95.0 9.4 1 - 11.6% - 19.3Y. S 49,600 ' S13E,340 $145,242 79.4-159.S IS _ 12.71 � - 18 15.2 2s 4/09 - 9/09 SF 50-56 93 95.2 16 5133,960 5139,586 80.0 - 159.8 6 6.45% 14 15.05% 56 river A -S.iB% ! -5.49 S 171,531 56 take 2 90.5 0.5 1 -3.94% -3.32 S 163,892 5307,600 5340,000 90.1 • 91 0 0.00% 0 0.00% N 50 RIVER INFL 1 82.3 : -10.1% -19.2% S 56,500 $172,400 5209000 82.5 I 100.00% 0 0.00% N 51 NW 19 94.1 7.5 - 12.3% -20.2% S 47,400 $137,284 5145, 81.7. 132.7 2 10.53% 2 10.53% N 52 NE 10 .97.2 7.5 -12.0% - 20.2% S 47,800 5137,890 S146,293 ! 91.5-109.2 2 20.00% 2 20.00% N 53 W CENT 35 95.6 11.4 -12.2% -20.1% S 47,200 5132,885 $137,960 SO.- 159.8 6 17.14% 6 17.14% N 54 SE 30 957 9.2 -11.7% •28.3% S 47,100 5128,056 5132,205 79.4-131.5 3 10.00% 6 20.00% N 55 SW 21 95.0 8.5 -11.0% -20.1% S 48,200 5145,552 5153,704 93.5-113.5 1 4.76% 3 14.29% N56 WATERFRONT 2 1 90.S 0.5 -4.7% -5.4% S 167,898 S307,640 5340,000 90.1-91 0 0.00% O 0.00% AI/Clasa OI 0 d /Glass 02 0 al /Claw 03 1 90.1 S 32 11,700 S365,000 WI '0 0.00% 0 0.00% al/Class 04. 3 87.3 2.0 S 179,9" S203,833 S41 - 91.2 0 0.00% 0 0.00% adClass 05 1 88.3 5 163,800 S 185,440 88.3 0 0.00% 0 0.00% al/Class 06 21 95.2 7.3 S IN S 150,555 82.9 - 116.8 3 14.29% 4 19.05% ai/Class 07 92 95.4 10.0 S 133,163 S 139,293 79.4-159.9 12 13.04% IS 16.30% ai/Clasa 08 0 al/Class 09 0 a1/Class IO 0 aUCiass II 0 al/Clm 12 0 Sale Price to 575,000 1 1591 S 103,900 S 65,000 159.8 0 0.00% 1 100.00% Sale Price S75,001 to 100,000 6 126.7 7.1 S 118,4" S %,168 102.8 - 131.7 0 0.00% 5 83.33% Sate Price SI00,001 to $125,000 19 104.1 5.5 S 121,700 S 114,178 97.7-131.9 0 0.00% 8 42.11% Sale Price 5125,001 to 5150,000 47 95.2 5.6 S 133,248 S 138,4" 81.6 - 116.8 I 2.13% 4 8.51% Sale Price 5150,001 to 5175,000 35 88.3 6.2 S 14l 635 S t59,5" 79.4-107 12 34.29% 1 2.86% Sale Price 5175,001 to 5200,000 5 ".1 1.9 S 160,180 S 185 135 93.5-39.1 1 20.00% 0 0.00% Sate Price S200,001 to 250,000 3 87.3 3.3 S 131,000 $ 210,500 82.5 - 91.2 1 33.33% 0 0.00% Sale Price S250,O01 19 5300,000 a Sale Price S300,00t and Over 2 90.5 0.5 S 307,600 S 340,000 90.1 • 91. 0 0.00% 0 O.00X EMV to 575,000 0 EMV $75,001 to Si00 000 1 102.8 $ %,100 S 93,500 102.8 D 0.00% 0 0.00% EMV $100,001 to 5125,000 28 100.6 1 t.9 S l It 892 S 113,5" 79.4-157.3 3 10.71% 8 28.57% EMV 5125,001 to S150,000 69 94.8 8.0 S 135.571 S t43 786 80-131.S 10 14.49% 8 11.59% EMV 5150,001 to 5175,000 16 93.5 8.6 S 159,162 S 169,095 82.5 - 116.8 2 12.50% 3 18.75% EMV S175,001 to 200,000 2 89.3 2.2 $ 188,600 S211,250 87.3 - 91.2 0 0.00% 0 0.00% EMV S200,001 to 250 0 EMV S250,O0 I to 5300,000 1 91.0 S 2" 500 S 315,000 91 D 0.00% 0 0.00% EMV 5300,001 and Over 1 90.1 S 32S,700 S365,000 90.1 0 0.00% 0 0.00% Rambler as 94.9 9.6 5135,578 5142,680 79.4-159.S 11 12.50% 12 13.64% Split Entry 6 100.6 8.9 5154,250 S159'670 92.5-108.5 1 6.67% 2 33.33% Split Level 8 92.8 10.6 - S165,775 $174,904 93.5-131.8 I 12.50% 2 25.00% 1 1/4 Ex p. 12 101.3 6.1 S127,700 5127,696 39.9-113.5 0 0700% 3 25.00% 1 1/2 Es p. 3 "A 4.6 Sid 4" S169,220 93.2-95.2 1 33.33% 0 0.00% 13/4 Esp. 0 2 Story I $8.3 ,163,800 $135,440 33.3 0 0.00% 0 0.00% Air rt -.03 0 x Apartments -:01 1 110.8 5129,200 5116 560 110.8 0 0.00% 1 100.00% CosnmereteUlndustrid - .0I 2 ".0 3.0 $147,350 S171,715 33.5 - 8.5 1 50,00% 0 0.00% Highway/Freeway (-.04 4 1109 16.1 S130,000 St I5,344 93.7-159.9 0 0.00% 3 75.00% Railroad -.03 0 711" Street -.01 14 97.2 10.0 5129,907 5131,914 82.9 - 131.8 1 7.14% 3 21.43% Park (+.03) 3 93.3 3.4 $154,3 SIS3 l38 96.9 107 0 0.00% 1 33.33% y ':, i Si: 7777 66 All Townhouse 637 - 7 98.1 13.1 •75.4% •18.4 f , 23 000 898,214 $ 105,714 ' 10b 774 70.7 -120.! 2 23.57% 1 14.29% RAMBLERS 2 82.6 1S.1 1 $84,780 $104,000 70.1 -95.1 t 50.00% 0 0.00% SLISF 1. 100.3 $120,300 $120,000 100.3 0 0.00% 0 0.00% SPWT LEVEL 1 87.7 1 $107,000 $122,000 87.7 0 0.00% 0 0.00% 1 1/ Up t T7 $98,300 $125 77 1 100.00% 0 0.00% 2 STORY 2 110.9 9 $90 $82,500 100.8 - 120.9 O 0.00% 1 50.00% Condominiums 2 98.5 1 2.8 -78.5% -13 f 15,000 $88,800 $T3,000 92.9 - 98.1 0 0.00% 0 0.00% w Double's t 94.1 - 10.7% - 140 % S 55,000 S23 600 r. 5249200 94.1 0 0.00% 0 0.00% ential\Ratios 2009 Res Ratios IoasMLXLS Prelim 21110 Asmt 45 C" O F BROOKLYN CENTER TOWNHOME SALE AMALYSIS FOR 2010 ASSESSMENT SA FROM OCTOBER, 2008 TO SE3'TEMBER, 2509 NBHD TOWNHOME COMPLEX # of Uvids # SA AVG. SALE PRICE 100 Emergreerr Espies 8 0 w Safes 105 Rosemary Terrace 10 0 w Safes 110 Hum6difl S'quaree 8 0 NO Safes 115, R mwwood 21 0 No Sales 120 am)GANvood 32 1 5114.500 125 Est 8 0 W Safes 130 Madmm Flora 28 I W22..000 140 flw bentmd 36 0 No Sales 150 -152 hy-ChNit 5l} 1 5&5,000 180 Eadre 8rrwn Famr.Eatafts 100 0 5115,000 170 -172 Eade Bmm Farm Tom 2D 1 S125.OW lea Creek VSMaa 103 0 No Sales 19G -194 Afa&mW Creek ZOB 3 37 01, W 196 Rirfnvo W Eatddes T®wrdaoa� 21 0 No Sales 107 France Ave 4 0 No Sales 196 Tanaroi 2nd Ad&t4ldsW Vdbge 1 21 0 No Sales Totals I wa 1 7 TOWNHOME SALES BY STYLE # SALES TOWNHOME STYLE AVG. MI(T VALUE AV'G_ SALE PRI10E 2 RangAeyr 554,750 $104400 1 W Entry/ 5## Foyer $12Q300 3120400 1 Split Level 5107.000 $122400 1 1 V ?'` E.xpanakm $W.300 $125.000 2 Two Stury 580,200 $82:500 iuw�r�a.�ss��rrs 46 Growth Analyrsis of Townhome Neighborhoods 2010 Assessment Nbad # Townhome Complex Percent of Growth 100 Evergreen Estates -16.1% 105 Rosernary Terrace - #5.4% 1111 1.:Humbokit Square 17.3% 115 Riverwood 19.496 120 Hrcxok+wood 17:896 125 Northbrook Estates - 16.196 130 Madsen 'Floral 140 Moorwood 150-152 Hi -Crest 160 Earle Brown Farm Estates 19..4% 170 -172 Earle Brown Farad Townhan ess 3 9b 180 Creels V112s 190-194 NU11ard Creek - 14.096 196 Riverwood Estates - 15.4% 1 197 Frances Ave A4.3% 198 Tanami 2nd Addrn- Bristol Vilagie -17.3% Townhomes in Brooidyn Center saw an awerage decrease of 15.40% in the 2010 assessment for taxes payabk: in 2011. ' 47 Report Name: Sales Ratio Analysis Printed: 4/14/2010 City of Brooklyn Center Assessment Year: 2010 Page: 1 Version: 1 Sales Ratio Analysis User Name: JBRENNA (3) Townhome Ratio 2010 Assessment Sales Bann Dey From Std Dev Baii4 Sale Date Ei12 Rill N]u► Address Mkt Value Purch Price Baba Bank Median hIM From Mean LWg 28- 119 -21 -42 -0053 0192 5353 72nd Cir 79,600 113,500 70.1 1 -25.0 -23.0 -1.37 00 10/17/2008 34- 119 -21 -11 -0021 0171 6814 York PI 96,300 125,000 77.0 2 -18.1 -16.1 - 0.96 00 09129/2009 01- 118 -21 -31 -0118 0130 5576 Aldrich Dr N 107,000 122,000 87.7 3 -7.4 -5.4 -0.32 00 06/22/2009 36- 119 -21 -33 -0079 0120 1329 63rd La N 89,900 94,500 95.1 4 0.0 2.0 0.12 00 09/28/2009 28- 119 -21-43 -0111 0190 7001 Unity Ave N 120,300 120,000 100.3 5 5.1 7.1 0.42 00 08/28/2009 36- 119 -21 -22 -0066 0150 132168thLnN 95,800 95,000 100.8 6 5.7 7.7 0.46 00 07/28/2009 28- 119 -21 -43 -0051 0194 6916 Unity Ave N 84,600 70,000 120.9 7 25.7 27.7 1.65 00 04/28/2009 Arithmetic Average Values: 96,214 105,714 OD I I Report Name: Sales Ratio Analysis Printed: 4/14/20 10 City of Brooklyn Center Assessment Year: 2010 Page: 2 Version: 1 Sales Ratio Analysis User Name: JBRENNA (3) Townhome Ratio 2010 Assessment Ratio Analysis Statistics A) Number of Sales: 7 B) Range of Sales Ratios: 70.1 to 120.9 C) Median Ratio: 95.1 D) Mean Ratio: 93.1 E) Sales- Weighted Aggregate Ratio: 91.0 F) Average Deviation From Median: 12.4 G) Coefficient of Dispersion: 13.1 ( = 100 * F /C) H) Coefficient of Variation: 18.1 ( = 100 * J/D) 1) Index of Regression: 102.3 (= 100 * D/E) J) Standard Deviation: 16.8 K) Sample Sufficiency Gauge: 1.90 (= SQRT (0.5 * B /A)) Parcels in Area = 686 Sales Ratio Analysis Selection Criteria Assessment = 2010 Version= 1 Exempt_Type " SubRecord Nbr = 1 Sate Date > = '10/1/2008' Sale < ='9/30/2009' Status <> 1 1' Part_Const_Code <>'Y' (Neighborhood Between'0100' and'0198 ) Property_TYpe in ('B'; BJ','D','DB','DJ','HR','LL'; LR','P','R','RL','RM','RZ','S'; TP','X','XC','XM', Y, Z) Sale_Ratio_Code in ('00') Trial/Actual Market Values = Actual Sale Price/Cash Equivalent = Cash Equivalent s A t0 Report Name: Sales Ratio Analysis City of Brooklyn Centel' Printed: 4/14/2010 Assessment Year: 2010 Page: I Version: 1 Sales Ratio Analysis User Name: JBRENNA (3) Condo Ratio 2010 Assessment Sates Ralik Aev From Std Dev Ratis SuM Sal Date rM Dill Nbrhd Address Mkt Value Purch Price RAAQ Rank Median hj= From Mean C && 10- 118 -21 -32 -0185 0202 4207 Lakeside Ave 00332 71,500 77,000 92.9 1 -2.6 -2.6 -0.71 00 10/24/2008 34- 119 -21 -43 -0064 0205 6121 Beard Ave N 67,700 69,000 98.1 2 2.6 2.6 0.71 00 05/19/2009 Arithmetic Average Values: 69,600 73,000 I �I N O Report Name: Sales Ratio Analysis Printed: 4/14/2010 Assessment Year: 2010 City of Brooklyn Center Pa 2 Version: 1 Sales Ratio Analysis User Name: JBRENNA (3) Condo Ratio 2010 Assessment Ratio Analysis statistics A) Number of Sales: 2 B) Range of Sales Ratios: 92.9 to 98.1 C) Median Ratio: 95.5 D) Mean Ratio: 95.5 E) Sales- Weighted Aggregate Ratio: 95.3 F) Average Deviation From Median: 2.6 G) Coefficient of Dispersion: 2.8 (= 100 * F /C) H) Coefficient of Variation: 3.9 (= 100 * J/D) 1) Index of Regression: 100.2 (= 100 * D/B) 1) Standard Deviation: 3.7 K) Sample Sufficiency Gauge: 1.15 (= SQRT (0.5 * B /A)) Parcels in Area = 161 Sales Ratio Analysis Selection Criteria Assessment = 2010 Version = 1 Exempt_Typc — " SubRecord Nbr = 1 Sale >='10/1/2008' Sale <= '9/30/2009' Status o 11. Part_Const_Code <>'Y' (Neighborhood Between'020I' and '0205' ) Property_Type in Sale in ('00') Trial/Actual Market Values = Actual Sale Price/Cash Equivalent = Cash Equivalent N CITY OF BROOKLYN CENTER COMMERCIAL AND INDUSTRIAL ANALYSIS BY USE 2009 VS. 2010 .. l:XClu d Gha QQ9 ZtI 10 }flew C}lange . �r �a T e of Property F,M\f Totals EMV Totals Oansfruc #ton Improv. fnelvdig Imprau: Auto Retail & Gas Station $10,396,500 S10,067,500 SO -3.2% -12% Auto Dealers $25,170,000 $24,980,000 52,600,000 - 11.1% -0.8% Banks $6,496,600 55,995,800 SO -7.7% -7.7% Bowling $1,518,000 $1,443,000 SO -4.9% -4.9% Day Care $2,355,000 51,989,000 SO -15.5% - 15.5 Fast -Food $6,808,000 $6,473,000 $0 -4.9% -4.9% Greenhouse /Farm (Green Acres ) 51,429,600 51,404,700 $0 -1.7% -1.7% Hotel / Motel $36,566,000 $29,748,600 $800,000 -20.8% - 18.6% Medical Office $12,419,500 S11,606,000 $100,000 -7.4% -6.6% Mortuary $882,000 5882,000 SO 0.0% 0.0% Office Large $39,658,500 $34,357,600 565,000 - 13.5% -13.4% Office Small $15,633,800 $13,681,500 $0 -12.5% - 12.5% Office Condominiums $2,749,000 $2,516,900 $0 -8.4 - 8.4% Restaurant $7,809,000 $7,299,000 $0 - 6.5% - 6.5 % Retail w /Anchors $63,011,000 560,301,000 5100,000 4.5% 4.3% Shopping Centers $26,077,300 S25,170,200 $100,000 -3.9% -3.5% Theater 512,325,400 $11,825,400 $0 4.1% -4.1% Veterinary 5520,000 S520,000 $0 0.0% 0.0% Industrial North $89,418,000 $78,456,000 5150,000 -12.4% -12.3% Industrial South $45,654,800 S42,939,200 $0 -5.9% G: \SPREDSHT1AssessoA2010ciaX(2010 Growth.xlsx)2010 C & 1 (2) 52 COMMERCIAL - INDUSTRIAL SALES 2009 - RATIO STUDY 12/3/2009 100 (22 ) BROOKLYN CENTER WOJCIK PID SALE PRICE DATE CE PRICE 2007 -IMP 2007 -EMV 20084MP 2008 -EMV 2009 -IMP 2009 -EMV PT SC UC PER PROP ADJ. PRICE RATIO 34- 119 -21 -43 -0005 1,500,000 200901 1,500,000 0 2,333,300 0 2,452,000 0 1,500,000 C W 455 0 1,500,000 100.0% 6121 BROOKLYN BLVD, CHRYSLER DEALERSHIP AUD #: 988646 COMMENTS: 35- 119 -21 -42 -0006 2,000,000 200904 2,009,500 0 2,759,000 0 3,385,000 0 2,536,000 C W 332 0 2,009,500 126.2 %° 6445 JAMES CIR N, SUPER 8 AUD #: 992155 COMMENTS: $9500 IN SPECIALS CITY TOTALS COUNTY TOTALS SALES: 2 SALES: 99 MEDIAN: 113.1% MEDIAN: 98.0% MEAN: 113.1% MEAN: 100.5% AGGREGATE: 115.0% AGGREGATE: 94.2% COD: 11.6 COD: 11.3 I N W - , Do More With Less i In these challenging times, organizations and owners have been hesitant to lock in long term St. Paul landlords are doing what rhey can to get ahead, renewals at today's low rates, while some long make improvements, and cut costs where pos- term hold owners have been signing long term Bible. For instance, at many corporations, facil- deals to ride out the severe market downturn. iry and corporate real estate budgets are being This tale of two owners has created added cot slashed. Facility managers and corporate real es- petition amongst landlords. Q3 04 Q4 04 tate directors are being challenged to do more AS _ Estiriared with less money and fewer staff. Finding money Throughout. 2009 tenants have been reviewing is the mantra. A few options are: all of their tease rights and are sometimes blindly VACANCY RATE ,7 " exercising terminarion options for short term • Real estate tax protests gains that inay backfire once the economy picks NET At35QRPTION Lease and /or CAM audits up. Anew challenge for the tenant is the ap- • ]..ease terminations proval process that has been enacted by many CONSTISUC t°(EyNt 7 7 — Early renewal "blend and extend" companies. In today's economy, companies are , Disposition of retired assets evaluating every expenditure by looking to maxi RENTAIwAT Broker opinions of value mize flexibility of lease terms and cost savings. Many times these companies are adding addi- On the landlord side, both local and institution- clonal layers of review and approval, delaying the al owners are challenged with little to no new process and resulting in holdover situations, as activity, looming renewals at severely decreased well as limiting the company's power to ne;ori- rates, and potentially higli tenant improvement are the lease terms. and commission packages. Investment type 8 12 ��I v l { Z lO ±-- I , o i 8 1 Crest Ridge Corporate Center 1; , o b Hopkins, MIN o 4 Buyer: GB Richard Ells tnvestars o - 2 Seller: Opus Size: 116;338 SF Q 4 ,w Price: $244 PSF 2 a k _ -4 -6 KARTIN R' 4 'TUCKER �� ■ Absorption — Vacancy Race Source: Cciuers Absorption Class A — Vacancy Race Class A Commercial Real Estate Services F MINNEA POLIS-SAINT OFFICE THIRD QUARTER 1 2009 ;ouununitie: are also affected by these chat to bL lilings in hopes of enhancing their image Office using jobs continue t:o decline, dowel leruges and are making changes. With stimulus and dr. {wing in new tenants. One example is 6.44% from a year ago, descending back to money coping to the laity, they put It Co Work the dramatic renovation being Undertaken at 1998 figures. Without job growth there simply on road intproverrtents. For instance, one of Norrhland Corporate Center. The building was is no absorption. This quarter's absorption of the more noticeable improvements includes up- recently purchased and the new owner is add. 41,665 SF and year -to -date negative absorption grades to the streets along Marquette Avenue ing a new brick facade, ribbon glass line, and is of 869,120 5F. Vacancy has risen from 17.7% at and Second Avenue, front .Ist Street S to 12th bringing die interior to shell condition. the beginning of the year to 19.6% at the end of Street S in downtown Minneapolis. As a result, third quarter. �L:vcral c1w ngcs are coming. First off, Hennepin In the Southwest market, Heilrnuth & Johnson, a Lid Nicollct Avetucs will now become two lane a local law firm, is getting ready to break ground Both Class A and Class B space had positive ab- roads open to the public, while bus traffic will on its new 35,000 SF corporate headquarters sorption for the quarter with Class A space regis- I.,e shifted to Second Avenue and Marquette at the Northeast corner of Highway 169 and rering 62,647 SF, but vacancy rising from 14.8 % Avenue. Many roads and intersections have Interstate 494. The key for the law firm, aside to 15.4% due to adding the 8200 Normandale been affected by construction, which is set to from increasing revenues at a time when many Tower. Class B had 18,449 SF of absorption be completed by December 2009. others have experienced declining revenues, is and vacancy climbed from 21.8% to 22.0% its ability to not have to rely on more traditional due to the Ameriprise Building being added to A less noricable, but just as ineaningful project financing alternatives. The firm did not disclose the dataset. Class C vacancy recorded negative recently implemented is the Downtown Business what those options were, just that they should absorption of 39,431 SF and vacancy rose from Improvement District Special Service District, or nor be a problem to obrain. 26.5% to 27.1 %. DID Cur short: TTie commercial property owners hive. agreed co pay a special assessment as a way to invest in improving the downtown experience for residents, workers, and visitors alike. Some o �► of the new services added are: PRQPER7Y NAME E�if�kTE g $lSirE &1IL • Sidewalk cleaning Crest Ridge Corporate Center I Hopkins, MN $244 2009 • Landscape insrallariun and maintenance Eden BluffCocpocate center, Edq trralri%MN #t47 1006 • 1Zepair and nlatntenance of streerscape 2801 Wayzata Boulevard Minneapolis, MN $74 1959 fixtures (701 Un[versity Avenue— fMinnmpANs, MN sb9' 1952 • Ambassadors ro aid visitors and watch out 2909 Anthony Lane Saint Anthony, MN $69 1964 for problems fmr Putnam Community SGhooi Mmneapolls, MN 546. 1944 These services help create a cleaner downtown, $tort,: Colha;> while also helping to deter less desirable ac- tivity in the area by having a more noticeable presence. More sublease space will becoming available in downtown Minneapolis. Campbell Mithun ' e wants to shed a full floor, or 23,500 SF in the PR ©PERt Y NA I-, �ClllY STATE SF tower named after them. Carmichael I -ynch Corporate Center Comm -Works Plymouth, MN 65,000 P Cor would also like to sublease 1.5,000 SF of space y P at 110 1'11[17 S[rret North. Cray Plaza Cray Research- ' Saint Paul; MN 51;,052 6550 Wedgewood Road Cartika Medical Inc. Maple Grove, MN 26,073 The Saint. Paul C BD saw sore positive activ 1 we lls Fargo Place Mkro+oft sale tFail! MN- 11:710. iry in the third quarter. Cray Inc. announced Normandale Place Bethel University Bloomington, MN 12.000 in July that they signed a lease for 51,000 SF at 10001upariorBaulavard EdlnaRealty, : Vitay a MN 10000 _.:. Galtier Plaza, which will be renarned Cray Plaza. 10400 Viking Drive San Lee Eden Prairie, MN 8,127 Microsoft leased 12,000 SF at Wells Fargo Place UBS Plaza Tecmatk Saint Paull I 58 ©tl- : for the Expression Studios software line, and 5775 Wayzata Boulevard Ascendancy Research Saint Louis Park. MN 5,512 GovDelivery leased 1.4,447 SF at the Hamnl 8301 Golden Valley Road Lingatt Finanaal Group. Golden Valley, M14 f 157 Building. Two Appletree Square Language and Friendship Bloomington, MN 1,080 Source: Codlcr3 In the suburbs the challenges are numerous-As a result, some owners have begun renovations , wal MINNEAPOLIS-SAINT PAUL OFFICE THIRDQ UARTER r , y A..c.#$r....t .. :.,. - V O FFICES C ON 6 CONTINENTS .a, a ..: ....,..,n a�'�.d'S.'w6'fi: e ta, %.�� +• SECTOR INVENTORY NET ABSORPTION VACANCY RATE VACANCY Americas 133 (SF) (SF) Q2109 Q3 /09r CHANGE Asia Pacific 64 Anoka County 599,755 22,063 16.6% 12.9 %. -3.7% 1 EMEA 97 DakoraCounty 3.372,26T_ _(43,155) !. 19.9% .' 20.3X:.- 14% _ Minneapolis CBD 26,482,449 (35,401) . 17.5% 18.1% 0.6% Minneapolis,Non -CBD 2,185,497;. 9,230. - - 10.S% 10.0X 41;5X. . transaction volume Northeast Sector 3,141,060 (4,915) 23.9% 24.1% 0.2% Northwest Sector 1,478,616 6,945` 34.3% 33.9% 41. billi • . Saint Paul CBD 7,430,329 47,289 25.6% 25.0% -0.6% un de r Saint Paul Non.CBD 2,159,401 11,91'1 15.9% IS.3% -0:6% Southwest Sector 14.878,514 31,217 21.1% 22.3% 1.2% 12,749 Professionals Washington County 864,103 (17,528) 2S.3% 273X West Sector 8,310,384 (15,991) 13.1% 13.3% 0.2% *Total 70,902,375 41,665 1t.2% 1t •X 0 „476 < * Ameriprise Building and 8200 Normandale were added to the data set this quarter $mace: Colliers pp[r��[t 447 •y�^5��� � � t �i �` 5 � M�fUledllQ(IS- �1IRtl Pd17�' ��,«� ;� w N Calller s TUl w, Marifultr Tucker F �00�Sou>,h Srxtk�Scce @� ° NgK HEIt351E y MicrlteapoNS� Ml� S�4Q2 c Tubb 541-41 t Eft 34� -438 �� � Itesearche� �- Infoat�taCCon. r� NE P 1 irif 9 " � � f 5 . EST z � N YJYIS�eportan +6ath�raseareismateria[�;maY6er rat ow,cda ;TItlr)s U T baiatatviwwctmtc rq oU�ScfCoUlarsTurF .Marefm mena aR Co11 R Q4sedor,srelaSad tal "e Ros�arck DepaiKmentaG612= 347.93Ck Inform&. dolt: coatainei} J ha& lseert obtained -from sour"* deemed relfahleind noeepresantatton- is made aa,ta thsaecur='V tIw,*of. As now cow:..' rsctdd ar updattsMiefescmatinn la aDtalnad,. it 1: incorporated into. hods current; and historical dod.:whklkmay:gtra4datecomparison`toprev't- oualtwrswtd re ports.. COLLIE INTERNATIONAL JN� c a'a Commercial >R uii.I St(lE�'�1Tft[t CS � ' www'.Ctmt.com TkAN � x etas . � More Of The Same The thence for the Minneapolis /Saint Paul in- ings that are listed for sale have not come dustrial market seems to be amore of the same. down in asking price, which is prolonging the When local industrial brokers were recently amount of time the buildings are on the mar - polled about the current marker. conditions, ket. "There is a feeling that the number of user many felt like there was an increase in show- buildings on the marker could climb in the ings and that activity was starting to pick up. near future, as existing buildings remain on a 1 • s not transferred the marker. and new buildings come to In. Qg Unfortunately, the activity has g into more completed transactions. Many of ket as companies struggle economically. Some the companies in the market are beginning businesses would like to move into larger or VAC AN`F �Ry to examine options much earlier than they more centrally located space, bur. cannot af- M1ta have historically. Despite more companies ford to take the likely financial hit of selling NEB R$olk'T1Qhk 3 looking for opportunities, most are eventually their current buildings. v4 renewing at their current locations. The cost C4NaTRLICTGtI� x to relocate, more often than nor, outweighs The investment owners are also experienc j ; : R any savings a tenant can seem to gain, and ing economic pain. Some owners are having d �tTL� owners are realizing that it is better to sign trouble leasing rhei.r properties and meeri.ng ¢' a deal with an existing tenant than risk the their pro forma, especially on buildings ac- cost and time it takes to replace them. The quired right before the economy started to end result is more renewals and an overall take a nose dive. As a result, some of these stagnant completed transactions list. owners have opted to sell their buildings at a r . loss, up to $20 per square toot, or give them The number of user buildings on the market back to the bank, as opposed to continuing to has remained constant in 2009. The build- INDUSTRIAL ABSORPTION MULTI TENANT VACANCY ,0• �• 18 21 H { A � i 4 _ River Road ind tc7at ent, 0 6 ;._17 Fridley. M1% o Tenant R VYind q 01 s Landlord. ELT Kiinipapcails, 13 Size 244.666 SF� e: . * _ k 4 x -181 Illy MAR'S t2S Q2 . , Q4 02 01 Q� a Qt Q� Q�'y Q2 t3 TJIf 4 w rs ,a t �.. ._. Wi r T Soi rte: Coll ers N Absorption Vacancy Race Commercial Rein Esrecte' Setufiee u COLLIERS MINNEAPOLIS-SAINT PAUL INDUSTRIAL FHJRD Q UARTER hold ncc assers and take further losses from lack of lcacing activity. G 25 One thing iliac potential buyers need is cash, z4l a and lots of it. With the continued tight credit t 23r - markers, banks require more money clown to �-°--- z 22, 1 1 make a deal happen. i_Jnfortunately, very few.. -- - -- - v companies have the luxury of holding extra 21 _ 1 1. cash, and with lease rates low and owners 20 ` ?le , willing to negotiate, more companies that _ _ - __ _ ____ __. _ ____. _ .__ __ _ i~_._ _ . ..._ ... ......... . - _ _ 19` 3 � - look at both the lease and sale options are leaning towards the lease. Occupancy costs „__ for leasing are less than owning, and will con- 17 -' rime to be unril sale prices come down and lenders loosen the purse strings. ,- -- �&� At 4f"i a3 i 65 ::'& a7 , Qe ° i A bright note is that costs are coming down Twin Cities National Source: (;miles for construction and tenant improvements. The cost of materials has declined as the cost of the resources needed for the materials have dropped, but not as much as anticipated. This menns tenants can get a little more for their tenant improvement dollars, if and when they ' ' ' sign a. lease. �•., ,, � , 'rd y `r'3 u j' RRQi?E s t� S r z T tA7E PRICE: PRICE /SF Manv of the transactions being completed in Eagle Point Office Center II Lake Elmo, MN $4,650,000 $152 the marketplace have been for the smaller to 289ii CenterPoidbDrira ihi 1 MN, i84SQ.OQQ 583r mid - sized tenant. One exception to this is BP 1120 Red Fox Road Arden Hills, MN $1,470,190 $49 Wind Energy, who signed for 245,000 SF at d $Bq°i” ""_ �laslrr NN i _. _.- ......._ _�..... _ [fiver [toad Industrial Center. 1001 Johnson Parkway Saint Paul, MN $3,500,000 $32 Sow= cullieTs Third quarter saw a continuation of negative absorption.. Absorption for the quarter was a negative 834,424 SF, bringing the year to date total to a negative 3,172,957 SF. Vacancy has risen market wide ro 12.6`;47, up from 9.9% at , , , , s the beginning of the year. All markets except Washington County experienced negative ab- PR�7PERl'1C tRIAk41EIA�k G TAE 5 sorption for the quarter, with the Southwest River Road Industrial Center BP Wind Energy Notch America Fridley, MN 244,666 market experiencing the most negative ab- sorption with 254 ,605 SF. Med+r�neLake E)IStrihuworoGaoees Prprou 4naTa�cFt Plymouth, MN 51.040 Bass Creek Business Center Applied Industrial Tools Plymouth, MN 32,000 New Brighton 4ommpns Comtrof New Brighton, MN 26.7 &3 Looking at the data by product type, office - showroom space fared the worst with negative Kasota Industrial Park Badger Printing Minneapolis, MN 18,169 absor [ion of 447,22 NewH6peDistrIbk1*aCenter Paddock Labs New Ho '16 000 p 5 SF and vacancy rising 2 o Northwest Business Campus I Total Adminsitrative Services Corp Plymouth, MN 7,738 from 13._ /a to 15.G /a. Bulk warehouse had _ negative absorption of 260,9 7 0 SF and vac-an- Northwest Business Campus I AlvraYpBeThere Inc Plymouth. MN 4;785 cy rose 15.9% to 17.0 %. Office warehouse Eagle Lake Business Center 11 Convencis Maple Grove, MN 4,500 space had negative absorption of 126,199 Eagle Lake Business Center It T*ft StyIe Consigmnent Maple Grove, MN 3 SF. Vacancy increased slightly from 10.3% Source: C>iben to 10.5%+ MINNEAP OLIS-SAINT • 0• - v � r O FFICES C O SECTOR INVENTORY NET ABSORPTION VACANCY RATE VACANCY - Americas 133 (SF) (SF) Q2/Q9' Q3/09 CHANGE Asia Pacific 64 Dakoca County 14.474.666 (142,107) 14.1% 15.1% 1.0% EMEA Minneapolis 12.831.284 (39.947) 9.8% 101% 0:3% Northwest Sector 28,846,738 (153.514) 11.7% 12.2% 0.5% $48.1 bill Scott County 3,499,106 (90,120) 17.77: 20.3%. 2.6% transaction volume Southwest Sector 24.733;095 (254,605) 14.2% 15.3% 1.1% Saint Paul /Anoka /NE 29.327.SSI (158,252) 9.5% 10.0% 0.5% 1. 1 billion square feet Washington County 2.985.404 4,121 10.5% 10.4 %. -0.1% unde Twin Cities Metro 116,698,144 (914,t 4 } 1l 47C F2 09i h d'J Source: Cullicrs 12,749 Professionals i e o z 1k NORTHWEST r'1 Minneapop's, ppiNk•+��yy(4�'MX:�t)iy�f�1C� x � Q x•4l�� -, r� y r �$""�: WF I yy }p 1 f �F � z r i Ki PA r T [g111k4 Catii:NTV foan+i we aiu vrebdC�tnc 4orR.; 1 fdwJz mtesstt�Cf daeu�ntn+�elpari'°�Mard�, Turlur Mt as tgo0slSw Pad Qe.attosap' ate ai4 , to in(gvEpAt{en hua#1 slw�idl�'h�g dlbeatetl tatAa Ra! iFa�t9af �au�m��a�6 [�:147'Y�k#�In(fs'm�,' -� ttps tyrtWnad iteRl ii bow,.(Malte d (carte sourr+adetlm apdy .. Of 4psulP�r , !„ 1� jasdaatl� eh ct M�46i Ora a cer� wN eeaGr�o�u pn�•edin�httt�it11� �6�aiSu�i )k 1st IERS :A' Co�mer,riuE Rat �stare Serivcces _ ,. vvvrrvlt ctmGea� • CB RICHA ELLIS Minneapolis/St. Paul Industrial .Cbre.com/research Fourth Quarter 2009 The economy was officially declared out of Discounted sales occurring in the 4th the recession during the quarter and all quarter have given the market new data market indicators except unemployment are points with which to provide sellers and currently positive. The stock market has buyers comparable current market values. continued to rally into 2010 and not seen There is a total of 526,500 Square Feet Quirk Stats the much anticipated pullback claimed by (SF) currently under construction, all of analysts. A rise in commodity prices and a which are build -to -suit projects. The change homlost positive outlook from the ISM (Institute for largest project is the 260,000 SF United Current Yr. Qty Supply Management) indicator of 55.9 States Postal Service expansion in Eagan. suggest an increase in production and future autxt�lacagq 2 3�/r The Southwest submarket was the best '= GDP growth. Not all of this means the local a performer during the fourth quarter, real estate market has turned around. There tr(tofet 54t will still be a lag as to when these positive posting 106,772 SF of net absorption due w.: to a 110,000 SF sale transaction in trends will even get things back to where Hopkins. ��. z , they were a few years ago. Th e Minneapolis/St. Paul area fourth Local) the amount of active users is higher Locally, g quarter indices showed negative net . The arrows are trend indi cators °"°' the than six months ago, however many tenants specified time period and do not represent a absorption of 107 SF. Multi- tenant positive or negative value. (e.g., absurplion are opting toward short -term renewals. P ( ' 513 ) " could be negative, but still represent a net absorption Indices showed a negative positive trend over a specified period.) "The increase in rate is largely due to more Cap rates for Core Product among national (304,785) SF. These two numbers reflect expensive spars coming on the market rather than an increase in the actual askin rate, primary markets have begun to drop, the buying opportunities for owner -users indicating that the Minneapolis Market will but little activity overall. Considering the Hot Topics soon follow. This does not mean, however, state of the economy, the hoe is that the ............................ ........................ ...._.. r Y P prices will stabilize in the near future. amount of negative net absorption will • Material Processing Corporation signs Falling rents and increased vacancy have continue to diminish and turn positive in 124,700 SF Lease in Mendota Hei hts led to a drop in income for property owners. 2010. 9 • The Minnesota metro and state unemployment rates drop for the ,�: a% Direct Vacancy Rate vs Warehouse Rate secondconsecutive quarter ........... . .................................................................................................................................................... ............................... 8% $5 • Speculative construction has come to a standstill, as developers wait for the € 7% market to correct 6% • Vacancy rates remain lower than most $4 markets throughout the United States 5% z • Average asking lease rates continue 4% to decrease x 3% • Core Property cap rate freefoll has S3 stopped 2% 1% CBRE $2 CB RICHARD ELLIS ® 2009, CB Richard Ellis, Inc. 60 Submarket Statistics ......................................................................................................................................................................................................................... ............................... Rentable Direct Vacancy Total Vac ancy Under Avg. Asking Direct Avail Total Avail. Market Net Absorption Sf Whse Rate $ Area Rate Rate Construction SF Rate Rafe ........................... ........ ..................... ................. .............. .......SF!' Northwest 61,010,633 7.8% 8.4% . (142,329) 0 S4.36 12. }% 13.1% Southwest b�,78,b45 83O ) 1'. ° ti 3 T ll South Central 8.9% 8.9% ('141,482) 260,00(1' 54.05 T3.6% >� "at X - St Paul ,± 11,370 X35 r ,r �_ Minneapolis 31 0% 5.0% S68t5 0; $3.83' 9.0% 9:2% �€ rx£Y a. North Central � East 13,003,444 5.9% b:14fo-Y 18,535a 120,0(10 X53 1(( 79!t�u midway IMI Building Type .... ...... ........ Bulk Whsej t�T W I W OfficeWhse 137,991,020 b4% b.8° (30,222} 64,000 $41 TO =b� Tk496 k Offue Shawraartt #� 0 Other industrial" %itt1,706 5.3°/4 S.69a 2b2;18 1 ;011 X04 77fo 7 LZ Totar 328,342,910 7.3% 7.6% (107,513) 526,500 $4.04 10.9% 11.5% 'Average Bl Rate. See definition an back page. - Other Industrial Includes Manu(actud% Specialty, Other, and Truck Terminal Buildings. U.S. M roan MW=Id 1.4% Unemployment Rate op = rnn ........................................................................................... .......................... . .... 10.0 -- 9.0% The Minnesota seasonally- adjusted unemployment rate was 7.4% in 8.0 % November of 2009, versus 6.1% during November of 2008. The seasonally- adjusted national unemployment rate reached 10.0% in 0 7.0 /o November 2009, compared to 6.8% in November of 2008. The 6.0% Minneapolis/St. Paul metro area seasonally- adjusted unemployment 5.0 /o rate was 7.0% during ovember 2009, compared to 5.6 % in a 9 November of 2008. On a quarterly basis, unemployment has dropped 4.0% - - both in Minneapolis/St. Paul and across the state despite continuing 300 /0 L h I I . t unemployment growth at the national level. 2.0 0105 0106 0107 0108 Q109 CBRE CB RICHARD ELLIS ® 2009, CB Rich -d Elk, Luc. 61 hb• � p • • -, Z sZ- Restaurants 2.0 The Service Availabiliry Charge (SAC) is a fee ing new ways to keep patrons coming in. As St. Paul that the Metropolitan Council has been charg- a result., many restaurants have had to think a ing new businesses since 1973. Essentially it is outside the box and offer more value. In some a fee charged to help cover the cost of sewer us- cases, restaurants that have never offered dis- age. Each residential and commercial dwelling counts or deals have begun offering combo is charged based on the potential maximum discounts like many that began to offer deals waste they could generate. The topic in and of as the economy slowed. lvlanny's, Applebee's, �ecaat ;E�dms�•d itself seems pretty inundane, but recently it has Chili's, TGI Friday's are just a few examples. become more of a hot topic because it is being 1tACt11�t�1�4Tf applied to new outdoor restaurant seating. The Despite these challenges, there are several new biggest issue is that the Metropolitan Council restaurants opening up around the Twin Cities NErT,ASQREGCQ@ ' has been charging full price for outdoor seat - this summer and fall: ing. That is, the price they would charge for �QNS CCKfffxt "r year round indoor seats, and these outdoor Bradstreet Crafthouse Restaurant opened s, $t "� seats can only be used in good weather, about in the Graves 601 Hotel in Minneapolis &Nih� ITT 5' 25% of the year. ht a time when all restaurants Burger ►ones opened in Uptown seem to be struggling to make a profit, these Cheeky Monkey Deli opened in new fees create a heavy burden on small busi- downtown St. Paul ness owners. Outdoor seating and sidewalk • Crave and Cooper at the West End. cafes are ,good for both safety and neighbor- • Ginger Hopps opened in Northeast " ars t hood livability. Effective 10/1/09, there is a Minneapolis 75% discount for outdoor spaces exposed to Loring Kitchen in Loring Park wer weather conditions. Add to this list the large number of clients In the continued struggling economy, all retail- looking to buy or lease second generation res- ers and restaurateurs are challenged with find- taurant space and you can see that while res- RETAIL ASSORPTION VACANCY 2004-2009 Ginger ;HapPs Minneapolis MN i Is n Landiord' Gar'l" Pecs ter tes. U. w z " n Tenant Gingeryka_ o 9 Size: M 85(1 SF _ s Value: $1.33- "nrill(oa 6 3 �.. COLLIERS— 3 INTERINNFIONAL TluGi . ^ E7 8 Absorption vac;ney Rate Source: Colliers Cbmmercial Rea[. Estate Services COLLIERS MINNEAP t:Umuits are 6cin , challenged. small business owners are optimistic and willing to take a NET VACANCY RATE risk on the "Annerican Dreaia aL n discounted SECTOR INVENTORY ABSORPTION: VAOA � (� Q2/04 price. Second generation space is being tar - Q3rag (SF) wo geted because other restaurants have already Anoka 8,414,054 (42,488) 5.9% 6.4% 0.5% gone through the expensive build - outs for a Dakota 8,567,847 (40,333) 7.1`% 7.6% coniniercial kitchen and refrigerator./freezer Minneapolis 3,860,741 (67,151) 6.4% 8.1% 1.7% space, two of the more expensive irerns fora Northeast 7,373,080 (26.633) 6.2% 66% 0:4% new restaurant. Northwest 9,815.024 . (98,341) .10.8% 11.8% 1.0% In other positive news, Nordstrom Rack County' 2088.975 (543) 8.3% &A Old opcned at The Slnoppes at Arbor Lakes in Saint Paul 2,760,901 (976) 5.7% 5.7% 0 0% Maple Grove. The Shops at West End, the re_ Southwest. 12,232,785 (410) tail portion of Duke's mixed -used project in St. Washington County 4,785,609 6,820 10.5% 10.3% -0.2% ? P 1 2t.813 24967 2 , .9 %: : :,: 6'J:.... 0.3' Louis P ar k , o this c carter with Rainbow West : 7,4 Foods as the first tenant. The center is cur - Tvriniriie>FMat�o- 4w,32Q,824 245,138 x } ty4& ) w* _ rently 60`.%o pre - leased with new stores Love Sourc COLbers Culture, Republic of Couture, Anthropulogie, uber Baby, Creative Kidstuff and Rase. New restaurants Crave and Cooper are also set to open, as well as Toby Keith's 1 Love This Bar. The new 14 screen Kerasotes ShowPlace s ° Theatres is set to open in the fourth quarters } of this year. PROPRTI�LA <.�., �k .� �ET Colonial Square Wayzata, MN $154 1957 Aside from chose listed above, there are not Rockford Road : Mtnneapclis, MN154 199 +. many additional new retailers looking CO jump office Depot Hopkins, MN $84 1997 into the market at this time. Those that are Su nr e: Colliers r looking are local and r i wi o regional retail t g n very few nationals looking to make aggressive moves before the economy shows greater signs of a turnaround. e THIRDQUARTEFt RETAiL LFASE TRANSACTIO The third quarter marked the fifth straight pRIPRt" NI�ME�tw�" ��: .. quarter of negative absorption for retail prop - c . ` ` 201 Hennepin Avenue Ginger Hopps Minneapolis, MN 10,850 erties with negative absorption of 245,138 SF. Vacancy rose from (i.7% to 7.1 %. The �utsxfeys Apple ValtayGri{t A.ppla Valky;.M y 7854 BluelLyndale & Alderich The Hair District Minneapolis, MN 4,738 losses were spread evenly among most market AndecsanLakes Shopping Center Modern DaSaibn EderrPnrria MN 240Q sectors. PP g _ Y ... .. . The West End Jimmy John's St. Louis Park. MN 2,248 All center types experienced negative ab - 8roadway we Mr. Chiseler 8rooklrn Park',MN 1,6ta sorption for the quarter led by Regional Soun.e: Gotheis centers with a negative absorption ()t'86,156 SF, increasing vacancy from 7.2% to 7.6 %. Neighborhood centers absorption was a nega - rive 84,000 SF causing vacancy to lift from 1'49/b to 7.7`%0. Connrnunity centers had nega- tive absorption of 10,743 SF and vacancy rose slightly to 4.6%. COLLIERS TURLEY MARTIN TUCKER fa" F iy COWERS TURLEY MARTIN TUCKER MINNEAPOLIS SAINT PAUL Wilt Hospitality Market . . .. ...... , The Twin Cities actively participated in the na- We estimate that area -wide occupancy for 2008 tional lodging boom of 2008. A total of 1,671 will come in ar roughly 61 %. new hotel rooms in 10 hotels were opened in the Minneapolis -Saint Paul area, mostly focused in While Minneapolis has experienced a large ex- �`'; ; Minneapolis, representing a 4.6% increase in sup- pansion of hotel room supply, it can now be said ply. Of this new supply of rooms, 742, or 44°x, that it boasts a truly exceptional supply of lodging are located in downtown Minneapolis. The Twin accomrnodations that will benefit." the convention Cities' room supply growth exceeded the national and business Coutrnunities into the next. decade. average supply growth of 2.5 %. This is according The suburbs have also experienced new hotel Acuiit cimaa'' . _ . _ ro data provided by Smith Travel Research, development to support the areas business and 00CUPAIti� ' leisure activity. Unfortunately, whsle the areas lodging capaC - z it increased, the demand did not. The result of The average daily rate DR) anion V t; Y g area hotels F 2008's increase in supply and decrease in demand Continued to increase at a pate only slightly below is an area -wide occupancy of 65.0 %. This occu- that of 2007. The Republican National Convention :,. �. panty rite is 3.4 percentage points below 007 to Saint Paul resulted in a lathe increase in rate for r through October. Looking deeper we see that the area, rather than a significant increase in occu lodging demand through September was virtually panty. The result was an area -wide ADR increase equal to 2007, before falling 11.9% in October. of an incredible 21.4% in September. This was Unfortunate) it appears th l r n oc followed b a li h ADR decline in October 3008 Y at the yearend d cu y s light t panty decline will be even greater since October's compared to October 2007, which indicates that a . decreased demand is an indication of what the in- the Ch quarter AUR will trend downward 0 4 1 , follow- � , g , -''' •�'��� ��" dustry will experience in the last quarter of 2008. ing the anticipated decline in demand. t 7 4 18E! 120 a G6 E IOQ,: 64% w ' Q " " °•"""""° Y . " , �. r e 56: Cv tr m emial: �e[t� E'SCLt 7 fUii9Cgr Source: Smith Travel hesea, A SUPPLY DEMAND — OCCUPANCY • MINNEA .r The real measure of producriviry, revenue per lord measures used to predict hotel performance industry to see occupancy of around 59% and an available rooni (Revl'AR), remained the saute for are directly linked to business travel, consumer average room rate of $100. the first 10 mondis of 2008 at $67.44. Nationally, confidence as it relates to discretionary tourism RevPAR. has increase by about 0.5%. expendirures, and airline capacity. While a de- As can be expected, hotel investment transaction cline in hotel demand is generally one of the first activity has slowed flown dramatically as under - Historically, since 2004, the area's annual occu- sins of an approaching Business cycle downturn, writing for acquisitions loans has tightened, regUir- pancy has ranged between 64% and Bi " A room increasing hotel demand is one of the early signals ing more equity and cleaner deals. Combined with demand increase of 3.1 from the historical level of a recovery. We anticipate than the new admin- weakening industry fundamentals, prices have de. is all that is needed to absorb the new hotel rooms isnation in Washington will, at a iiiininium, stop dined and are likely to decline further in 2009. and return the local market to an occupancy race the current slide in consumer confidence and be- By Ted [.cnte5 and Stev� Sherf of 67 %. gin its restoration. As a result we anticipate an improvement in hotel performance towards the As is rrue in all c:onimercial real estate sectors latter half of 2009. We. also expect 2010 hotel roday the demand generators that drive the hotel performance to return to near 2008 levels. In industry are all in a state of change. The scan- the Meantime, for 2009 we expect the local hotel v � •, s. a s r 5120 P a 69% , nn wL ° D d $J5 tW 4 4 i 9 lf3m . F 3, 61 'e E e $30 a't 57 " i I ^� Wa ADR ® REVPAR OCCUPANCY Source: Smith TradwlR5carch SELECTED HOTEL SALE TR Propertr Narne City, State 4 of Rooms Price/Unit 44 , ti±11 ltiiL•lfi$C1"S� 7 `'� S'�` •i FK +'"qia� a X: ;�� V s. Ki Wingate Inn»iip5Ti1 Besc 'Ves[ect415? 101 1 loliday Inn r .. &ft{1 h" a �a- •" .,,, pay r«lnn ~tttlspe Red Root Ine ..; ^yam" � � s n v' "�-° .- "�' •r - !'� f r ro �UP4i8 y x 7 V .. .., . ,•.. ....... _,.. - � ..d'�_ ..�..�K � *... _ __ ,. .,,.. .. . - - Source: Real Capital Amines • City of Brooklyn Center Apartment Assessment Details APARTMENT ANALYSIS 2010 VS. 2009 :.. ..: M Mv ... :.:.::::. ....:::.:.:..........:::...:..: >0I .: ::::+artirist':u' : ... ............................. ��....::::.::::::::::.::.::.....:.. .....F..�t...........1�x�iva�:. s. .EMV:..::.....:::..tTMV Re .:B : ..... ...................�......P.... _........:.:.::::.:: 0:.:.: ...::,:.::...:::.....:::..:.... �.. MY ::: 4 -5 Units $4,659,000 $5,489,000 522,000 - 15.52% $215,952 555,464 $65 Average $ unit $73,800 for 6 -8 Units $2,098, $2 $0 -9.18% $419,600 Lakefront/Walk $67,941 I 10 -12 Units $7,197,000 $7,865,000 $90,000 -9.64% $553,615 $49,295 $53,870 549,376 Apt 18 -36 Units $10,295,000 $10 $0 -5.10% $1,295,625 $70,391 Townhome unit $54,240 Average 58,757 $47,684 Apt $51,300 Apt $60,610 Townhome Unit $66,200 Townhome Unit 48 -75 Units $28 $30,436,000 $ 0 -7.79% $3,146,111 $63 ,623 Sr. Unit $67,500 Sr. Unit Average `•,,'51,4011 $41,070 Apt $42,878 Apt $60,770 Townhome Apt $63,529 Townhome Apt 76+ $113 $120,432,000 s 0 5.74 /o $6,677,647 $60 ,518 Sr. Apt $63,064 Sr. Apt 0 ::.:..:::..:.:::.., .:.........:.::.::: ::.:::.:.:...:::.;:.:;......... .:: . :::...:::::::........::.:::::. . E[ ..................... . ... n .. ... ...............:.:::::.:.:..:::..::::::.::..:::::::::::................. ..............................: .:. :.....................:.....:.. srnt ..::.;::.;:.;:.;:.;:.:::::::;.: 3. 3 . . : : : : ::.... ..: :. ..._ ................. ......................��.!�,r'� 1#...+� �iQQ ........... $�'�'� ..BBL .._._........................� . #0. _..t� � ........................... .:..: .....::: :::. ,::::::.;,; :::.:.:... -...: ;.:: Henn Co. Apt Ratio 100.00% - Brooklyn Center % -6.57% Projected 2010 Ratio 93.43% APARTMENT BALES - UNDER 7 UNITS 2009 - RATIO STUDY 12/3/2009 4200 (86 ) NEW HOPE DOOLITTLE PI D S ALE PRICE DATE CE PRICE 2007 4MP 2007 -EMV 20084MP 2008 -EMV 2009 -IMP 2009 -EMV PT SC UC PER PROP ADJ. PRICE RATIO 19 -118 -2144 -0072 250,000 200902 250,000 0 381,000 0 351,000 0 250,000 A W 4 0 250,000 100.0% 2741 VIRGINIA AVE N, 4 -PLEX AUD #: 989898 COMMENTS: CITY TOTALS COUNTY TOTALS SALES: 1 SALES: 3 MEDIAN: 100.0% MEDIAN: 102.6% MEAN: 100.0% MEAN: 101.7% AGGREGATE: 100.0% AGGREGATE 101.8% COD: 0.0 COD: 0.8 I V APARTMENT SALES - 7 UNITS OR MORE 2009 - RATIO STUDY 12/3/2009 2500 (42 ) RICHFIELD DOOLITTLE PID SALE PRICE DATE CE PRICE 20074MP 2007 -EMV 20084MP 2008 -EMV 2009 -IMP 2009 -EMV PT SC UC PER PROP ADJ. PRICE RATIO 26- 028 -24 -41 -0097 1,800,000 200901 1,800,000 0 2,022,000 0 2,022,000 0 1,767,000 A M 33 49,500 1,750,500 100.9% 6720 CEDAR AVE S AUD #: 988105 COMMENTS: INCL 0098 & 0099 --- ._ ........ . .._— _.._...__ .. - - -- ------- - - - - -- - ..._._ - - - -- ..... ----- .... ..... ._. _. _ ...... ._..._. 27- 028 -24 -24 -0015 560,000 200909 560,000 0 585,000 0 585,000 0 567,000 A W 11 11,000 549,000 103.3% 6429 PLEASANT AVE S AUD #: 002619 COMMENTS: - - -- — - - - -- - - - -- - ............. - -- - _. .. _..... _. 33- 028 -24 -32 -0019 650,000 200810 650,000 0 635,000 0 635,000 0 567,000 A W I1 9,900 640,100 88.6% 2215 74TH ST W AUD #: 985340 COMMENTS: CITY TOTALS COUNTY TOTALS SALES: 3 SALES: 16 MEDIAN: 100.9% MEDIAN: 99.7% MEAN: 97.6% MEAN: 99.0% AGGREGATE: 98.7% AGGREGATE: 100.9% COD: 4.9 COD: 7 Os 00 APARTMENT SALES - 7 UNITS OR MORE 2009 - RATIO STUDY 12/3/2009 3000 (46 ) ST LOUIS PARK BULTEMA PID SALE PRICE DATE CE PRICE 20074MP 2007 -EMV 20084MP 2008 -EMV 20094MP 2009 -EMV PT SC UC PER PROP ADJ. PRICE RATIO 18- 117 -21 -11 -0041 2,430,000 200901 2,378,000 0 1,980,000 0 1,980,000 0 2,214,000 A W 36 82,000 2,296,000 96.4% 8300 3IST ST W, WHITE GATE MANOR AUD #: 989345 COMMENTS: CITY TOTALS COUNTY TOTALS SALES: 1 SALES: 16 MEDIAN: 96.4% MEDIAN: 99.7% MEAN: 96.4% MEAN: 99.0% AGGREGATE: 96.4% AGGREGATE: 100.9% COD: 0.0 COD: 7 Os tD APARTMENT SALES - 7 UNITS OR MORE 2009 - RATIO STUDY 12/3/2009 4900 (48 ) BROOKLYN PARK ANDERSON PID SALE PRICE DATE CE PRICE 20074MP 2007 -EMV 20084MP 2008 -EMV 2009 -IMP 2009 -EMV PT SC UC PER PROP ADJ. PRICE RATIO 32- 119 -21 -34 -0022 2,175,000 200811 2,175,000 0 1,680,000 0 1,785,000 0 1,963,500 A W 35 25,000 2,150,000 91.3% 6281 LOUISIANA AVE N AUDI: 986353 COMMENTS: CITY TOTALS COUNTY TOTALS SALES: 1 SALES: 16 MEDIAN: 91.3% MEDIAN: 99.7% MEAN: 91.3% MEAN: 99.0% AGGREGATE: 91.3% AGGREGATE: 100.9% COD: 0.0 COD: 7 i I O APARTMENT SALES- 7 UNITS OR MORE 2009 - RATIO STUDY 12/3n009 4200 (86 ) NEW HOPE DOOLITTLE PID SALE PRICE DATE CE PRICE 20074MP 2007 -EMV 20084MP 2008 -EMV 2009 -IMP 2009 -EMV PT SC UC PER PROP ADJ. PRICE RATIO 20- 118 -21 -33 -0092 645,000 200810 645,000 0 638,000 0 638,000 0 638,000 A W 11 0 645,000 98.9% 2730 WINNETKA AVE N, WINNETKA MANOR AUD #: 985359 COMMENTS: CITY TOTALS COUNTY TOTALS SALES`. 1 SALES: 16 ° MEDIAN: 98.4 MEDIAN: 99.7% /° MEAN: 98.9% MEAN: 99.0% AGGREGATE: 98.9% AGGREGATE: 100.9% COD: 0.0 COD: 7 V r I I � Despite Current Fundamentals, Optimism for Owners in the Near Future The Minneapolis -St. Paul metro area continues were less than 750 units built, 2009 will finish to out - perform other Midwest markets and re- with fewer than 250 new units, and there will ccive national attention as one of the most stable likely be fewer than 7.50 units under construc- markets in the country. In spite this, funda- tion in 2010. These factors point to fundamen- menials have been softening. According to the rals trending tip by year end 2010. However, statistics gathered by OVA Marquette Advisors, job ,growth is the catalyst for absorption. a e € the Minneapolis -Saint Paul vacancy was 6.4 at �4�fii ° dtc uul of die third r t- tarter. This is a p from 4.1 With little transaction volume and few as - 1 one year earlier. Vacancy in all market sectors rose sets being actively marketed, there is pent �tACANCT year-ovcr -year, with Scott County climbing the up investor demand across asset types, with highest to 9.0 %, up from 5.2% one year ago. an emphasis on distressed assets. Recent no- NET ABSOR T1C�P� a table transactions include the sale of Parkers x ,R . Rental rates for the metro area average $908, Lake by Principal co 'Timberland Partners for b C]NSTRUCifL¢I - which is down 1.5% from third quarter 2008. $19,025,000 ($76,714 per unit) and North s Only one submarket saw an increase of more than Meadows Apartments by ohn Klin elurz to 1% in rent prices, Washington County, which saw Bader Development for $13,006,000 ($104,455 a rent increase to $1,030, up 2.59% from one year per unit). f ago. Washington County also had the smallest increase in vacancy, climbing just 0.3% to 5.7`:0. The continued lack of liquidity in the capital markets has served to make multifamily the ` r One of the benefits of the combination of falling preferred asset class for buyers and lenders. fundamentals and lack of liquidity in capital mar- Both institutional and national private equity Lets is new construction has practically come to a players show a strong preference to purchase halt. The average absorption in the metro area is well- located Class A and B properties. approximately 1,000 units a year. In 2008 there it w . Parkers Lake #1 , ' � , C Af Minneapolis, I+tN r R _rte Anoka 5,906 343 $828 $836 -0.96% 5.8% 4.5% 1.3% Buyer: Timbvka" et Pa triers Dakota 16,480 1,268 $902 $911 .0.99% 7.7% 4.7% 3.0% Seller i Pclndpi 6leibafslrlvestars Minneapolis 15,013 974 $908 $929 -2.26% 6.5% 3.6% 2.9% Price: $76,Tl4tUtll Northeast 11,398 643 $831 $824 0.85% 5.6% 4.4% 1.2% Size: 248 Uniu Northwest 10,480 672 $780 $802 -2.74% 6.4% 4.7% 1.7% Age: 198%. Scott 1,134 102 $922 $957 -3.66% 9.0% 5.2% 3.8% Southwest 15,201 983 $963 $954 0.94% 6.5% 3.9% 2.5% Saint Paul 12,370 704 $882 $876 0.68% 5.7% 3.0% 2.7% co a Washington 4,868 276 $1,030 $1,004 2.59% 5.7% 5.4% 0.3% LNTERNATIONAL 1A� I�< West 18,288 1,204 $1,001 $1,003 -0.20% 6.6% 4.1% 2.5% A l Totafk $ YL�,31+ F x ll0 South: L:•L %A Niaryuent Advisors Commercial Real Eirate� lees' MINNEAP OFFICES IN 61 CO UNTRIES According to the National Multi Housin„ ers are asking for and what buyers are of=fering, ON • Coin cil %NN14H( ,), owners are more optimistic the bid -ask spread, has narrowed. about tile. future of the apartment market. The Americas 133 most recent Quarterly JtrrveV of Apartment Additionally, transaction volume index Asia Pacific 64 Marker Conditions front the NMHC reveals clinibed to 90 in the third quarter of 2009 improvements in apartment market conditions up from 42 in the second quarter. "The big with increases in sales activity and availability news this quarter is not jtlst that the price $48.1 billion in annual of debt and equity Capital versus last quarter's index increased, but that transaction volume transaction volume figures. Even the index measuring marker substantially increased for the second quarter tighrness improved from 20 to 31, though in a roe ; -, reflecting the first increase in market 1. 1 billion square feet still below 50, which generally signals worsen- sentiment in two years," said David Geltner, under management ing conditions. Mark Obrinsky, NMHC chief director of research at MIT /CRL. Geltner cau• economist, says, "Tile broad improvements in tions, "One quarter does not a trend make, 12,749 Professionals salts vulunie and debt and equity financing and we are still well below normal trading vol- suagesr the transactions market utay finally be ume. Nevertheless, this is the strongest sign of thawing. Nearly half (45 percent) of respun- a bottom that. we've had in two years." dents indicated that the gap between what sell- E r PROPERTY NAME CITY STATE LltKitT$(CR41T� BClE61'dti@�r G"ul : , , s n .•; .- � T :, .'�c���' ark '�. C'� �� �"' North Meadows Apartments Chaska, MN 129 $104455 20031' ti P Parkers Lake: Mnn eapolls MN 24$. $T6 7I4 Snllrrc: hrnl Capital Anulynca TeKhS� x ee O`R H AS '� ,,. �. �+ tr�t�la�� _1 ��' �iF1$tlktfA,tI�CECi1C.� a f a € t�00 orb a 1 fi 1lil kspoebu a�Y ' fuarroeMatlt�ciurrrtRtgR tares - � � r � 1l�Ib�s+at�tsNn�sfii r r ^., ..s `sfFtrr>salCduirwkncoc pingt[pte obtaief►d, itl is rn5oepoouad4 Mod• WentandhflR caF e tack uvd4tekma�inw�idstqcQrnpaNROecECrp�erl S OAKO: M ouslX btuad tap?et �IK co6w u C �iamm�c�. } Ens WNI# �C471C CODY a, s Appearances by Taxpayers with an Appointment William & Kim Kenny 7036 Willow Lane PID # 25- 119 -21 -44 -0023 Cel Monton LLC 5857 Colfax Ave N. P I D # 01- 118 -21 -24 -0017 RiFive Investments LLC 6014 Girard Ave N. P I D # 01- 118 -21 -22 -0071 Cel Monton LLC 5640 Fremont Ave N. PID # 01- 118 -21 -32 -0117 RiFive Investments LLC 5739 James Ave N. PID # 02- 118 -21 -14 -0033 RiFive Investments LLC 5542 Irving Ave N. PID # 02- 118 -21-41 -0021 Cel Monton LLC 5310 Knox Ave N. PID # 02 -118 -21-44 -0062 Cel Monton LLC 5443 Irving Ave N. PID # 02- 118 -21-44 -0081 Cei Monton LLC 5351 Irving Ave N. PID # 02 -118 -21-44 -0104 Cel Monton LLC 3707 61 Ave N. PID # 03- 118 -21 -12 -0079 j Cel Monton LLC 5325 70" Cir. PID # 28- 119 -21-43 -0090 74 Cel Monton LLC 5418 70" Cir. PID # 28- 119 -21 -43 -0108 Cel Monton LLC 7030 Regent Ave N. PID # 28- 119 -21 -44 -0057 Cel Monton LLC 6601 Unity Ave N. PID # 33- 119 -21 -13 -0077 Cel Monton LLC 6413 June Ave N. PID # 34- 119 -21 -32 -0097 Cel Monton LLC 6114 Dupont Ave N. PID # 36- 119 -21 -34 -0036 75 William and Kimberly Kenny 17036 Willow Lane Interior reviews were completed on the Kenny's property 4111/05, 5/3/07, 4/18/08 and 4/9/09. The Assessor does not feel that an additional interior of the property is necessary, as there have been no additional physical changes to the property. An appraisal report has been included with the Assessor's recommendation. Mr. Kenny provided market documentation prior to the Local Board of Review that has been included in your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. w 76 Cei Monton LLC 15857 Colfax Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $122,800. Cel Monton LLC purchased the property from a bank on January 8, 2009 for $65,500. There have been no permits issued on this property for improvements since the purchase. A rental license was issued on the property May 13, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 77 RiFive Investments 16014 Girard Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $113,500, with an improvement amount of $2,000. RiFive Investments purchased the property from a bank on April 27, 2009 for $41,400. There have been no building permits pulled on the property since the vacant building registration that was issued on February 10, 2009, to the prior owner. The improvement amount of $2,000 included in the 2010 estimated market value is an estimate for assumed corrections to bring the structure from a lower quality/ class to an average quality /class. The original quality /class reduction was due to evidence of water intrusion (VBR). A rental license was issued on the property May 13, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General ro ert information has been provided, but it is the Assessor's recommendation to I P P Y complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 78 C e l Mon on LLC 15640 Fremont Ave N. Mont on representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $122,700, with an improvement amount of $2,500, for siding. Cel Monton LLC purchased the property from a bank on July 8, 2008 for $68,000. There have been two permits issued on this property since the purchase, for siding and installation of a new furnace. A rental license was issued on the property November 12, 2008. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and • presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 79 RiFive Investments / 5739 James Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $133,900. Rifive Investments purchased the property from Cel Monton LLC on October 15, 2009, for $1.00 The prior owner, Cel Monton LLC, purchased the property from a bank on July 7, 2009 for $47,000. There was no improvement amount added for 2010 as there was a permit pulled August 28, 2009 to repair front roof and repair siding only. A rental license was issued on the property November 10, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 80 RiFive Investments / 5542 Irving Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property Listed above. The property has a 2010 estimated market value of $119,500. Rifive Investments purchased the property from a private party October 22, 2009 for $42,000, but the sale was rejected by the county as a sale not advertised, listed or promoted to potential buyers. There have been no permits issued on the property since the purchase. A rental license was issued on the property December 15, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 81 Cel Monton LLC 15310 Knox Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $91,000. Cel Monton LLC purchased the property from a Richard Edlich and Raymond Marotteck on March 21, 2008 for $45,500, but the sale was rejected by the county as a sale not advertised, listed or promoted to potential buyers. There was a permit for a water connection September 23, 2008, since the initial purchase. A rental license was issued on the property March 24, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 82 Cel Monton LLC 1 5443 Irving Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $126,700. Cel Monton LLC purchased the property on April 15, 2009 for $49,000, but the sale was rejected by the county as a sale not advertised, listed or promoted to potential buyers. There was one permit for venting a basement bathroom May 26, 2009, since the initial purchase. A rental license was issued on the property June 9, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 83 Cel Monton LLC / 5351 Irving Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $114,500. Cel Monton LLC purchased the property on July 22, 2008 for $62,000, but the sale was rejected by the county as a bank sale. There has been one permit for a tear -off and reroof of the structure September 8, 2008, since the initial purchase. A rental license was issued on the property March 12, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 84 Cel Monton LLC / 3707 61" Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $151,800. Cel Monton LLC purchased the property on January 8, 2009 for $67,000, but the sale was rejected by the county as a bank sale. There has been one permit for installation of a copper gas line for a dryer on June 16, 2009,' since the initial purchase. A rental license was issued on the property April 14, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. 9 - Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 85 Cel Monton LLC / 5325 70 1h Cir. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property owner records at the city show ownership under Patricia Cooper. However there may have been a transfer of ownership for less than $500 which would not require a Certificate of Real Estate Value, as Hennepin County shows ownership under Cel Monton LLC. The Assessor's office will request a copy of the deed or legal document showing the transfer of ownership into the name of Cel Monton LLC. The property has a 2010 estimated market value of $120,900. The last recorded sale was September of 2008 for $40,000, but the sale was rejected by the county as a bank sale. There was a permit for mold abatement and certificate of occupancy on November 17, 2008, since the initial purchase. A rental license was issued on the property March 12, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 86 Cel Monton LLC / 5418 70 1h Cir. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $116,300. Cel Monton LLC purchased the property on April 15, 2008 for $52,000, but the sale was rejected by the county as a bank sale. There has been one permit for a repair to the water and sewer on March 25, 2008, prior to the purchase. A rental license was issued on the property January 14, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equa lization they may appeal to the County Board of Appeal and Equalization. 87 Cel Monton LLC / 7030 Regent Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $131,900. Cel Monton LLC purchased the property on October 20, 2008 for $75,000, but the sale was rejected by the county as a bank sale. There have been no permits pulled on the property since the purchase. A rental license was issued on the property April 14, 2009. As this i currently s a rental property, we were unable to schedule an interior review prior to the p Local Board of Appeal and Equalization. General ro ert information has been provided, but it is the Assessor's recommendation to P P Y P complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and P resentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 88 Cel Monton LLC / 6601 Unity Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $132,800. Cel Monton LLC purchased the property on July 3, 2008 for $84,000, but the sale was rejected by the county as a bank sale. There have been no permits pulled on the property since the purchase. A rental license was issued on the property September 9, 2008. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 89 Cel Monton LLC / 6413 June Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $129,200. Cel Monton LLC purchased the property on February 17, 2009 for $51,000, but the sale was rejected by the county as a bank sale. There is an improvement amount of $5,000 included in the 2010 estimated market value for assumed improvements to bring the property from a lower quality class to average. There were no permits pulled on the property since the purchase. A rental license was issued on the property May 13, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with. your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 90 Cel Monton LLC / 6114 Dupont Ave N. A representative of Edlich Realty, contacted our office late in the afternoon of April 8, 2010 regarding the appeal of the property listed above. The property has a 2010 estimated market value of $133,900. Cel Monton LLC purchased the property on February 17, 2009 for $28,000, but the sale was rejected by the county as a bank sale. The 2010 estimated market value includes an improvement amount of $8,000 for assumed corrections to mediate the mold issues, and bring the property back to average condition. There were two permits pulled on the property since the purchase, for replacement of the furnace and hot water heater. A rental license was issued on the property June 23, 2009. As this is currently a rental property, we were unable to schedule an interior review prior to the Local Board of Appeal and Equalization. General property information has been provided, but it is the Assessor's recommendation to complete an interior review on all properties to arrive at a recommendation, and report to the board at the reconvene. Edlich Realty provided market documentation along with current rent information on the property. This information has been included with your materials. • Owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Questions addressed to the owner regarding the market value or classification. • Assessor's statement of value or classification and presentation of factual information regarding the property. Questions addressed to the Assessor. • Action by the Local Board of Appeal and Equalization Local Board of Appeal will select one of the following: Make no change and sustain the 2010 estimated market value or classification. Reduce the 2010 estimated market value. Increase the 2010 estimated market value. If the owner is not satisfied with the outcome of the Local Board of Appeal and Equalization they may appeal to the County Board of Appeal and Equalization. 91 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(s). 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 on May 3, 2010. • Make no change and sustain the 2010 estimated market value or classification of the property. 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. 92 Consideration of Written Appeals The following format is recommended for each written appeal. 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 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 the Assessor's recommendation at the Local Board reconvene meeting on May 3, 2010. • Make no change and sustain the 2010 estimated market value or classification. If the owner(s) is not satisfied with the outcome of the Local Board of Appeal and Equalilzation they may appeal to the County Board of Appeal and Equalization. 93 A recommendation for The Local Board of Appeal and Equalization reconvene meeting would be May 3, 2010 or May 10, 2010. 94 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9 2010 to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s) Daytime Contact Number: _TF� 3 — Sc�)_ _�R y �( Property Address — 70 �J�p w L �,,, Ll-J Property Identification Number 2 Assessor's 2010 Estimated Market Value 0 Is your property residential, commercial or multi - family? r -e— 5 i &e- l _ if you are appealing a commercial, multi - family or residential rental property you must include income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? C, S Oycr, 6LO v6.1u0�k V\ When did you purchase your home? Date of Purchase - IS— I q C� 1 Purchase Price Did you purchase your property from a bank, as a foreclosure or short sale? NC) Has your property physically changed 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? � or No If so, what was the determination of value? : oocp What do you think the market value of your property should be ? Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation an appointment to view the property will be required Northstar MLS Matrix — Pagel of 3 6 Customer Full Display, Single Family Residential, MLS *: 3616674 F 7326 Willow Lane N ,,Brooklyn Park, MN 55444 Status: Sold List Price: $334,000 Sold Price: $292,000 original List Price: $389,000 Image 1 of 8 Slideshow • Open All "- - �.._^^ M aPPoin x , e it ill r4t ..:. Park Y k 7lth rage R -2326 Willow Lai 252 T K.... ; _ � 1..`si�� z •e28oer� a�,eaooa v� iurru.wE._ Map Page: 76 Map Coord: C3 Directions: Total Bed /Bath: 3/3 Garage: 3 Year Built: 1988 694 to Hwy 252 North to East on 73rd Ave North to North on Willow Lane North to Home. (Click icon for Virtual Earth Map) MLS Area: 364 - Brooklyn Park TAX INFORMATION Style: (SF) More Than Two Property ID: 25119 21 1400 54 Stories Tax Year: 2008 Const Status: Previously Owned Tax Amt: $6,208 Foundation Size: 1,911 Assess Bal: $ AbvGrdFinSgFt: 1,928 Tax w /assess: $6,202 BelGrdFinSgFt: 1,767 Assess Pend: Total Fin SgFt: 3,695 Homestead: Yes Acres: 0.390 Lot Size: 87 X0205 Off Market Date: 03/23/2009 Projected Close Date: 05/04/2009 Date Closed: 05/04/2009 General Property Information Legal Description: Lot 002 Block 003 ENGELS ADDN County: Hennepin Postal City: Brooklyn Park School District: 11 - Anoka - Hennepin, 763 -506 -1000 Complex /Dev /Sub: Engels Addition Common Wall: No Restrictions /Covts: Lot Description: City Bus (w /in 6 bilks), Tree Coverage - Medium Association Fee: $ Assoc Fee Frequency: Assoc Fee Includes; Road Frontage: City Zoning: Residential- Single Accessibility: None Lake /Waterfront: River Front Lake /WF Name: Mississippi River - Remarks Public Remarks: Beautiful river view with direct access in this upper bracket home. Over 3,500 sq ft with new carpet, roof and updated mechanical*. Possible mother -in -law apt /duplex on lower level. Come for a visit! Structure Information Dimon. Other Rooms Level Dimon Heat: Forced Air Room Level Living Rm Main Dimon Foyer Main Ioxos Fuel: Natural Gas Dining Rm Main 15x10 Patfo Lower 18x14 Air Cond: Central Family Rm Lower 25x14 Second Kitchen Lower 13x10 Water: City Water - Connected, Kitchen Male 15 x12 Deck Main 14x10 City Water - In Street Bedroom 1 Main 15 x 14 Laundry Main 10x07 Sewer: City Sewer - Connected, Bedroom 2 Main 16x10 City Sewer - In Street Bedroom 3 Lower 1Sx11 Bathrooms Garage: 3 Bedroom 4 Total: 3 314: 0 1/4: 0 Oth Prkg: Full: 3 1/2: 0 Pool: None Bath Description: Basement, Full Basement, Full Master, Main Floor Full Bath, Private Master, Whirlpool Dining Room Desc: Breakfast Area, Eat In Kitchen, Kitchen /Dining Room, Living /Dining Room Family Room Char: 2 Story/High /Vaulted Ceilings, Great Room, lower Level Fireplaces: 2 Fireplace Characteristics: Family Room, Gas Burning, Living Room, Wood Burning Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan /Hood, Microwave, Range, Refrigerator, Washer, Water Softener - Owned Basement: Finished (livable), Sump Pump, Walkout Exterior: Metal /Vinyl http:// matrix. northstarmis. com /Matrix/Public/Portal.aspx ?ID= 7623756667 4/9/2010 Northstar MLS Matrix Page 1 of 2 Mark Reiland Office 952226;300 CeIL 952 994 5300 Fax: 952 226 7701 Realtor - Remax Advantage Plus mark @reilandg roup.com These listings were manually emailed to you on Friday, April 09, 2010 11:05 AM. Result 1 of 7. Fie.ious Next • [3] 2 1 1 5 � 2 • Bottom • Back to Customer Single Line disolav Customer Full Display, Single Family Residential, MLS *: 3627048 r 7948 Mississippi Lane N , Brooklyn Park, MN 55444 Status: Sold List Price: $201,900 Sold Price: $201, Original List Price: $244, Image 1 of 5 Slideshow • 0 All Map oin _.�,.._,. P �• 5� B3rd x ,� ' � 6I>t � � _ MlsstsslpK ' '�� Fridley r {� �,- ' • �.„i �„- .,..:��,a,'1 °:°°° Ir!wf.i<c«r shoot OWN c aw ade ru.a.. Map Page: 78 Map Coord: C2 Supplements are available for this property. Directions: N on 252 from 694 to Brookdale Dr - East Total Bed /Bath: 4/2 Garage: 2 Year Built: 1958 to Mississippi Ln - North to home 1 0 (Click Icon for Virtual Earth Map) MLS Area:. 364 - Brooklyn Park TAX INFORMATION Style: (SF) One Story Property ID: 2411921410019 ConstStatus: Previously Owned Tax Year: 2008 Foundation Size: 1,120 Tax Amt: $4,955 AbvGrdFlnSgFt: 1,120 Assess Bal: $ Be1GrdFinSgFt: 1,020 Tax w /assess: $4,955 Total Fin SgFt: 2,140 Assess Pend: Acres: 1.400 Homestead: No Lot Size: 100X600X100X575 Off Market Date: 03/11/2009 Projected Close Date: 05/30/2009 Date Closed: 05/11/2009 General Property Information Legal Description: Lot 006 Block 000 SUNKIST ACRES THAT PART OF LOT 6 LYING E OF THE W 270 FT THEREOF EXCEPT STREET County: Hennepin Postal City: Brooklyn Park School District: 11 - Anoka- Hennepin, 763 -506 -1000 Complex /Dev /Sub: Sunkist Acres Common Wall: No Restrictions /Covts: Lot Description: City Bus (w /in 6 blks), Tree Coverage - Medium Association Fee: $ Assoc Fee Frequency: Assoc Fee Includes: Road Frontage: City Zoning: Residential - Single Accessibility: None Lake /Waterfront: River Front Lake /WF Name: Mississippi River Remarks Public Remarks: Bank owned home. Spacious walkout rambler on huge 1.4 acres on the Mississippi River! 4 BR on main level, 2 baths, 2-car garage plus workshop. Deck, Fireplace, 3- season porch. See supplements. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Baseboard, Hot Water Living Rm Den Lower 14x11 Fuel: Natural Gas Dining Rm Lower 12x12 Three Season Porch Lower 19x10 Air Cond: Window Family Rm Lower 26x12 Foyer Main 9x17 Water: City Water - Connected Kitchen Lower 12x12 Deck Main 13x15 Sewer: City Sewer - Connected Bedroom 1 Main 14x14 - Garage: 2 Bedroom 2 Main 12x11 Bathrooms Oth Prkg: Bedroom 3 Main 12x11 Total: 2 3/4: 1 1/4: 0 pool: None http: // matrix. northstarmis. com /Matrix/Public/Portal.aspx ?ID= 7623756667 4/9/2010 Northstar MLS Matrix - Yage 1 of 1 - Mark Reiland office: 952 226 7700 Cell: 952 994 5300 Realtor- Remax Advantage Plus Fax: 952 226 7701 mark@reilandgroup.com These listings were manually emailed to you on Friday, April 09, 2010 9:12 AM. Results 1 -15 of 15. P vious • Next • [1] m (� List # C Received Status Street Address Municipality Price Style Nds Nth TFSF Built 1 C 3646487 Sold 7736 Humboldt Avenue N Brooklyn Park $55,000 ONES? 3 1 1,564 1948 2 r - 7�6 326 ct -( -(� Sold 550081st Avenue Brooklyn Park $70,000 ONEST 3 3 1,696 1967 Sr 4'44- R ATA 3 ( 136 7756 Sold 2009 96th Avenue N Brooklyn Park $62,000 ONEST 3 1 1,664 1959 4 (- 3630 446 Sold 6437 Scott Avenue N Brooklyn Centel $69,000 ONEST 3 2 1,512 1958 5 (—. 3618037 Sold to 8009 Toledo Avenue N Brooklyn Park .$74,000 ONEST 3 2 1,567 1967 6 r 35,$308% Sold I 5232 84th Avenue N Brooklyn Park $74,800 ONEST 3 1 1,506 1969 7 r 3 621845 Sold 28116 7533 Major Avenue N Brooklyn Park $78,000 ONEST 3 2 1,570 1961 8 r 3802596 Sold t 6907 75th Avenue N Brooklyn Park $90,000 ONEST 4 1 1,524 1969 9 r 3529222 Sold 5925 71st Avenue N Brooklyn Park $110,000 ONEST 3 1 1,512 1967 10 3602704 — Sold ( 8001 Edgewood Avenue N Brooklyn Park $103,200 ONEST 3 1 1,506 1966 11 r 3 640099 Sold 6317 Utah Avenue N Brooklyn Park $109,000 ONEST 3 1 1,565 1954 12 r 3 500521 Sold 924 81st Avenue N Brooklyn Park $115,000 ONEST 2 2 1,521 1950 13 r 3519342 Sold 2017 Sugarloaf Trall N Brooklyn Park $150,000 ONEST 4 2 1,520 1961 14 3602724 Sold 7209 64th Avenue N Brooklyn Park $156,000 ONEST 3 1 1,610 1958 i 15 (—• 3 680628 Sold 6701 65th Avenue N Brooklyn Park $155,000 ONEST 3 2 1,608 1957 f% -?ViOUS - Ne,' C - [1] • TQp A Print Map Display: I Customer single Line at 45 ' per page. NorthstorMLS Information Deemed Reliable But Not Guaranteed. Copyright (c) 2010 Regional Multiple Listing Service of Minnesota., Inc. Powered by s s All Rights Reserved. l 1 y W L--i -J http: // matrix. northstarmis. com / Matrix /Public/Portal.aspx ?ID= 7622874554 4/9/2010 N CC) me Q e 7 J RE/MAX Advantage Plus 13875 Highway 13, Suite 100, Savage, Minnesota 55378 Office: (952) 226 -7700, Toll Free: (888) 485 -4224, Fax: (952) 226 -7701 0 Each Office Independently Owned and Operated Northstar MLS Matrix rage i or s Mark Reiland c celll 952 994 5300 A i Realtor - Remax Advantage Plus Fax: 952 228 7701 mark@reila ndgroup.com These listings were manually emalled to you on Friday, April 09, 2010 9:12 AM. Result 2 of 15. Previous • Next • 1 [21 3 -15 8 2 $ 3 1 1 _ • Bottom • Back to Customer Single Line display http: // matrix. northstarmis. com /Matrix/Public/Portal.aspx ?ID= 7622874554 4/9/2010 Northstar MLS Matrix i " i vi ` Mark Reiland ice 952 226 00 Cell 952 994 5300 Fax: 952 226 7701 y" Realtor - Remax Advantage Plus mark@reilandgrou p.com These listings were manually emailed to you on Friday, April 09, 2010 9:12 AM, Result 1 of 15. NLCv: Us • Next • [1) 2.1 4 5 ¢ 7 Q Q IQ _ Bottom •. Bark to Customer Sinoie Line disolav Customer Full Display, Single family Residential, MLS *: 3646487 C 7736 Humboldt Avenue N , Brooklyn Park, MN 55444 Status: Sold List Price: $53,900 Sold Price: $55,000 Original List Price: $102,900 Image 1 of 10 Slideshow • Open All hvaon ' YdosAaee Trsi N ;': . Trsd #:7736 Humboldt BrooMyn Park a wWwwood "or fl ' ezoos WealdQN07oo7JYla0.teeM, iae Oki IM ...... .. ..... Map Page: 78 Map Coord: 63 Supplements are available for this property. 1:_: Directions: Highway 252, (W) on 77th Avenue Total Bed /Bath: 3/1 Garage: 2 Year Built: 1948 N /Brookdale Drive, (N) on Humboldt Avenue to Home - 40 (Click icon for Virtual Earth Map) MLS Area: 364 - Brooklyn Park TAX INFORMATION Style: (SF) One Story Property ID: 2411921330076 Const Status: Previously Owned Tax Year: 2008 Foundation Size: 1,564 Tax Amt: $2,304 AbvGrdFinSgFt: 1,564 Assess Bat: $ BeIGrdFinSgFt: Tax w /assess: ;2,304 Total Fin SgFt: 1,564 Assess Pend: Acres: 0.440 Homestead: Yes Lot Size: 100 X 195.25 Off Market Date: 05/11/2009 Projected Close Date: 06/08/2009 Date Closed: 06/11/2009 General Property Information Legal Description: Lot 004 Block 001 WILLARDS ADDN County: Hennepin Postal City: Brooklyn Park School District: 11 - Anoka- Hennepin, 763 - 506 -1000 Complex/Dev /Sub: Willards Addn. Common Wall: No Restrictions /Covts Lot Description: City Bus (w /in 6 bilks), Tree Coverage - Light Association Fee: $ Assoc Fee Frequency: Assoc Fee Includes: Road Frontage: City, Curbs, Paved Streets Zoning: Residential- Single Accessibility: None Remarks Public Remarks: Bank Owned. Cozy rambler w/ 3BR/ 18A, 4 Season Porch, Den, on a Ig private lot. Home needs a little TLC, but is full of opportunities. Great location close to schools, parks, shopping, 6 Highway 252 for Easy Commute, Just Minutes from Downtownl Structure Information Room Level Dimen Other Rooms Level Dimen Living Rm Main 13x16 Four Season Porch Main 12x15 Heat: Baseboard, Forced Air Dining Rm Main 8x13 Den Main 10x16 Fuel: Natural Gas Family Rm Air None Kitchen Main 8x10 Water: er: City Water - Connected Bedroom 1 Main. 14x14 Bathrooms Sewer; City Sewer - Connected . Bedroom 2 Main 11x11 Total: 1 3/4: 0 1/4:0 Garage: 2 Bedroom 3 Main 10x10 Full: 1 112: D Ooh Prkg: Pool Bedroom 4 http: // matrix. northstarmis. com /Matrix/Public/Portal.aspx ?ID= 7622874554 4/9/2010 Northstm MLS Matrix rage z_ or L Bath Description: Main Floor Full Bath Dining Room Desc Kitchen /Dining Room Family Room Char: Main Level Fireplaces: 0 Fireplace Characteristics: Appliances: Dryer, Range, Washer Basement: Full, Partial Exterior: Wood Fencing: Chain Link Roof: Asphalt Shingles .Amenities-Unit: Natural Woodwork, Porch, Tiled Floors, Washer /Dryer Hookup Parking Char: Detached Garage, Driveway - Asphalt Special Search: 3 OR on One Level, All Living Facilities on One Level, Main Floor Bedroom Owner is an Agent ?: No Prev -ous Next • [1] 2- 3 a !j ¢ 7 $ 9 I ... • IM • Back to Customer Single Line disolav Print %0 Map Display: I CuStoiner Full at F-3-per page. NorthstarMLS Information Deemed Reliable But Not Guaranteed. Copyright (c) 2010 Regional Multiple Listing Service of �Powered by 1 Minnesota., Inc. i W um All Rights Reserved. http: // matrix. northstarmis. com /Matrix/Public/Portal.aspx ?ID= 7622874554 4/9/2010 Northstar MLS Matrix rage .L of i Customer Full Display, Single Family Residential, MLS #: 3673263 r 5500 81st Avenue N , Brooklyn Park, MN 55443 Status: Sold List Price: $59,900 Sold Price: $70,000 Original List Price: $74,900 Image 1 of 4 Slideshow • Open All vWU.nre• 112-Ave -N (13a¢POint 1 84tli Ave a - 5500 81st Aver 14 Woohyn Park! 4 7i]Ih - tn R . 781h Ave N `iM sIM "02M wreo.au wx€e 6W.Aft. Map Page: 77 Map Coord: E2 Supplements are available for this property. Directions: 85th Ave to Repent, south to 81st, west Total Bed /Bath: 3/3 Garage: 2 Year Built: 1967 to home 40 (Click icon for Virtual Earth Map) MLS Area: 364 - Brooklyn Park TAX INFORMATION Style: (SF) One Story Property ID: 2111921310045 Const Status: Previously Owned Tax Year: 2009 Foundation Size: 1,196 Tax Amt: $2,595 AbvGrdFinSgFt: 1,196 Assess Bal: $1,131 BelGrdFinSgFt: 500 Tax w /assess: $3,726 Total Fin SgFt: 1,696 Assess Pend: Acres: 0.250 Homestead: Yes Lot Size: 95 X 115 Off Market Date: 04/30/2009 Projected Close Date: 08/22/2009 Date Closed: 08/01/2009 General Property Information Legal Description: Lot 001 Block 002 CRFSTVIEW PLAZA 3RD County: Hennepin Postal City: Brooklyn Park School District: 279 - Osseo, 763 -391 -7000 Complex/Dev /Sub: Common Wall: No Restrictions /Covts: Lot Description: Association Fee: $ Assoc Fee Frequency: Assoc Fee Includes: Road Frontage: city Zoning: Residential- Single Accessibility: None Remarks Public Remarks: 3 bedroom, 3 bath, brick rambler has finished lower level and fenced yard. Needs updates, repairs and TLC. Corporate owned. AS IS Sale. Agents please read agent remarks for mandatory supplements. Structure Information Room Level Dimon Other Rooms Level Dimon Heat: Forced Air Living Rm Main 12x12 Fuel: Natural Gas Dining Rm Main 9x11 Air Cond: Central Family Rm Lower 23x14 Kitchen Main 9x11 Water: City Water - Connected Bathrooms Sewer. City Sewer - Connected Bedroom 1 Main 9x11 Total: 3 3/4: 0 1/4: 0 Garage: 2 Bedroom 2 Main 10x13 Full: 2 1/2: 1 Oth Prkg: Bedroom 3 Main 12x14 Pool: Bedroom 4 Bath Description: 1/2 Master, Full Basement, Main Floor Full Bath Dining Room Desc Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Basement: Full Exterior: Brick /Stone Fencing: Roof: Asphalt Shingles Amenities -Unit: Porch Parking Char: Attached Garage Special Search: 3 BR on One Level, Main Floor Bedroom Owner is an Agent ?: No http: // matrix. northstarmis .com /Matrix/Public/Portal.aspx ?ID= 7622874554 4/9/2010 a Northstar MLS Matrix - rage of -i Previous • Next • 1 [2) 3!j S ¢ 2 9 Q j-Q ... • Im • Back to Customer Single Line display IFL Print *Map Display: Customer Full: at FE per page. Northst,arMLS Information Deemed Reliable But Not Guaranteed. Copyright (c) 2010 Regional Multiple Listing Service of Powered by Minnesota., Inc.. All Rights Reserved. http: / /matrix.northstarmis.com/ Matrix / Public /Portal.aspx ?ID= 7622874554 4/9/2010 Northstar MLS Matrix °� Customer Full Display, Single Family Residential, MLS #: 3815085 r 10725 Zieglers Drive N , Brooklyn Park, MN 55443 Status: Sold List Price: $237,500 Sold Price: $237,000 Original List Pricer $237,500 Image 6 of 10 5= Open Ail .. r Coon itMp�da Banl 5 ;10725 Leglers it : z i" wile. Ad N 112 1 9umet..4ld N . . ! .... r., F ate° Ana .3 WWI w14egi6cal sc.awl�tNe.ras.ae. Map Page: 64 Map Coord: A3 Ski elements are available for this pro Directions: Virtual Tour 610 TO NOBLE PKWY NORTH TO W.RIVER ROAD, RIGHT TO ZIEGLERS Total Bed /Bath: 3/2 Garage: 3 Year Built: 1978 DRIVE, LEFT TO HOME. - (Click icon for Virtual Earth Map) MLS Area: 364 - Brooklyn Park TAX INFORMATION Secondary Area: 366 - Champlin Property ID: 0311921120026 Style: (SF) Four or More Level Tax Year: 2009 Split Tax Amt: $3,024 Const Status: Previously Owned Assess Bal: $ Foundation Size: 1,200 Tax w /assess: $3,050 AbvGrdFinSgFt: 1,456 Assess Pend: Unknown BelGrdFinSgFt: 1,000 Homestead: Yes Total Fin SgFt: 2,456 Acres: 0.310 - Lot Size: 120X98X135X114 Off Market Date: 08/05/2009 Projected Close Date: 09/15/2009 Date Closed: 09/18/2009 General Property Information Legal Description: LOT 014 BLOCK 002 ZIEGLERS RIVERVIEW TERRACE County: Hennepin Postal City: Brooklyn Park School District: it - Anoka - Hennepin, 763 -506 -1000 Complex /Dev /Sub: Common Wall: No Restrictions/Covts: Lot Description: City Bus (w /in 6 bike), Tree Coverage - Medium Association Fee: $ Assoc Fee Frequency: Assoc Fee Includes: Road Frontage: City, Cul De Sac Zoning: Residential - Single Accessibility: None Lake/Waterfront: Deeded Access, River VieLake /WF Name: Remarks Public Remarks: LOOKING FOR PRIDE OF OWNERSHIP? THIS HOME HAS BEEN UPDATED THRU -OUT! VAULTED CEILINGS, NEW CARPET, FRESH PAINT, NEWER FLOORING PLUS MANY UPDATES SINCE `02. DEEDED RIVER ACCES FOR B HOMEOWNERS ON THE MISSISSIPPI WITH DOCK 4k LOT TO EN30Y TOO! GORGEOUS YARDI Structure Information Room Level Dimen Other Rooms Level Dimon Living Rm Main 20X14 Three Season Porch Main 15X15 Heat Forced Air Dining Rm Main 12X10 Amusement Room Lower 1SX12 Fuel: Natural Gas Family Rm Lower 16X12 Laundry Lower 15X12 Air Cond: None Kitchen Main 12X12 Deck 'Upper 13X4 Water: City Water - Connected Bedroom 1 Upper 14X13 Sewer: City Sewer - Connected Bedroom 2 Upper 11X11 Bathrooms Garage: 3 Bedroom 3 Lower 12X10 Total: 2 3/4: 1 1/4: 0 Ooh Prkg. Pool Bedroom 4 Full: 1 1/2: 0 Bath Description: 3/4 Basement, Upper Level Bath Dining Room Desc Informal Dining Room Family Room Char: Family Room, Lower Level Fireplaces: 2 Fireplace Characteristics: Family Room, Master Bedroom, Wood Burning Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan /Hood, Microwave, Range, Refrigerator, Washer, Water Softener - Owned Basement: Daylight/ Lookout Windows, Drain Tiled, Finished (Livable), Partial Exterior: Brick /Stone, Other, Wood Fencing: http: // matrix. northstarmis. com /Matrix/Public/Portal.aspx ?ID= 7623756667 4/9/2010 Northstar MLS Matrix Page 2 of 3 Customer Full Display, Single Family Residential, MLS #: 3815085 (' 10725 Zieglers Drive N , Brooklyn Park, MN 55443 Status: Sold List Price: $237,500 Sold Price: $237,000 Original List Price: $237,500 Image 1 of 10 Slideshow • Open All tLooil•Rapidt . p 'G6onlRapifNi�arh pq�rrnsi�ar#t 10725Zleglersj s . . -Yhl°a Rd N A2! � r , e><ookyn (park _,._ i r.. eao silic»ex�odsarreo.r/aare.ru.re. Map Page: 64 Map Coord: A3 Sunolements are available for this orooerty. Directions; Virtual Tour 610 TO NOBLE PKWY NORTH TO W.RIVER ROAD, RIGHT TO ZIEGLERS Total Bed /Bath: 3/2 Garage: 3 Year Built: 1978 DRIVE, LEFT TO HOME. (Click icon for Virtual Earth Map) MLS Area: 364 - Brooklyn Park TAX INFORMATION Secondary Area: 366 - Champlin Property ID: 0311921120026 Style: (SF) Four or More Level Tax Year: 2009 Split Tax Amt: $3,024 Const Status: Previously Owned Assess Bal: $ Foundation Size: 1,200 Tax w /assess: $3,050 AbvGrdFinSgFt: 1,456 Assess Pend: Unknown BeIGrdF]nSgFt: 1,000 Homestead: Yes Total Fin SgFt: 2,456 Acres: 0.310 Lot Size: 120X98XI35XI14 Off Market Date: 08/05/2009 Projected Close bate: 09/15/2009 Date Closed: 09/18/2009 General Property Information Legal Description: LOT 014 BLOCK 002 ZIEGLERS RIVERVIEW TERRACE County: Hennepin Postal City: Brooklyn Park School District: 11 - Anoka- Hennepin, 763 -506 -1000 Complex/Dev /Sub: Common Wall: No Restrlctions /Covts: Lot Description: City Bus (w /in 6 biks), Tree Coverage - Medium Association Fee: $ Assoc Fee Frequency: Assoc Fee Includes: Road Frontage: City, Cul De Sac Zoning: Residential - Single Accessibility: None Lake/Waterfront: Deeded Access, River VieLake /WF Name: Remarks Public Remarks: LOOKING FOR PRIDE OF OWNERSHIP? THIS HOME HAS BEEN UPDATED THRU -OUT. VAULTED CEILINGS, NEW CARPET, FRESH PAINT, NEWER FLOORING PLUS MANY UPDATES SINCE '02. DEEDED RIVER ACCES FOR 8 HOMEOWNERS ON THE MISSISSIPPI WITH DOCK & LOT TO EN30Y TOOL GORGEOUS MARDI Structure Information Room Level Dimon Other Rooms Level Dimon Living Rm Main 2DX14 Three Season Porch Main 15X15 Heat: Forced Air Dining Rm Main 12X10 Amusement Room Lower 18X12 Fuel: Natural Gas Family Rm Lower 16X12 Laundry Lower 15X12 Air Cond: None Kitchen Main 12X12 Deck Upper 13X4 Water: CityWater - Connected Bedroom 1 Upper 14X13 _ Sewer: City Sewer - Connected Bedroom 2 Upper 11X11 Garage: 3 Bathrooms Oth Prkg: Bedroom 3 Lower 12X10 Total 2 3/4: 1 114: 0 Poole Bedroom 4 Full: 1 1/2: 0 Bath Description: 3/4 Basement, Upper Level Bath Dining Room Desc: Informal Dining Room Family Room Char: Family Room, Lower Level Fireplaces: 2 Fireplace Characteristics: Family Room, Master Bedroom, Wood Burning Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan /Hood, Microwave, Range, Refrigerator, Washer, Water Softener - Owned Basement: Daylight/ Lookout Windows, Drain Tiled, Finished (Livable), Partial Exterior: Brick /Stone, Other, Wood Fencing: http: / /matrix.northstarmis.com/ Matrix / Public/Portal.aspx ?ID= 7623756667 4/9/2010 Review O 7 Willow La PI D#25 119 2144 II For Willia Kenny 2 010 to. rd of pp and Equalization mgr L '��'• s 1 \ _.., X 1'1_ ` • \�� ,• {� A� F Yl .91Y1V►' City of Brooklyn Center A Millennium Community TO: 2010 Brooklyn Center Local Board of Appeal and Equalization RE: William Kenny 7036 Willow La Brooklyn Center, MN 55430 Mr. Kenny contacted the Assessor's office regarding the 2010 estimated market value on his property. At Mr. Kenny's request, the City Assessor scheduled a meeting with assessing staff and Mr. Kenny on April 9 2010 to review the calculation of his 2010 estimated market value. At this meeting, Mr. Kenny was provided with waterfront sales in Brooklyn Center over the 2010 study period, as well as an appeal packet. Mr. Kenny completed his 2010 application in person and submitted a market analysis of his property. No physical review of the property was conducted for the 2010 value appeal as an appraiser has reviewed Mr. Kenny's property 4/05, 5/07, 4/08, and 4/09. There have been no permits pulled, and Mr. Kenny indicated there were no physical changes to his property. The Assessor's office made no changes to the property characteristics. The City of Brooklyn Center did not have any open market sales of Mississippi River properties that occurred within the state study period. The enclosed sales comparable grid compares Mr. Kenny's home to one lakefront sale, and one off water sale in Brooklyn Center. Also included are two open market Mississippi River sales located below the dam in Brooklyn Park to further represent the riverfront market. In reviewing sales of comparable properties, Mr. Kenny's 2010 estimated market value of $293,100 falls within the indicated range of sales. It is staff's recommendation to sustain the 2010 estimated market value of $293,100 for taxes payable in 2011. Respectfully, t /tom ` Nancy f ojcik, 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.cityolbrooklyncenter.org SUBJECT PROPERTY 7036 Willow La William Kenny PID# 25- 119 -21 -44 -0023 w r-t - -t Land Characteristics Land Area 23,791 sq. ft. River Frontage 30.25 ft. Irregularly Shaped 2010 Land Value $147,500 2010 Building Value 145,600 TOTAL 2009 EMV $293,100 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 % Bath Garage: 2 Car Attached & 2 Car Detached Fireplace: 2 Porches /Misc.: Glazed Porch Central Air Conditioning: CAC Hennepin County Property Map Print Page 1 of 1 _ . Hennepin County Property Map - Tax Year: 2010 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. E , 1 (17) (25) 1 7112 4 4 (19) 7125 -V 27025 (20) 7119 ' 7124 ' __._.._......._.__....... __.._._� _��, S .._..._.._............_ t as S t f i .. 7113 �. * 7109 7110 ? 5 h r� 5 r� Ss S 7_ Y t f 7118 7105 `t w 7101 (22) "`• 3 ti t (28) y ' 70-11 '' , (29) 7112 ,,�_, 7100 (1 a) 710 6 ;. j ..b r � 22} '`..., (23).� asx 703 ` { ry f ��� 10 .0 n if loft } ; " 7035 =524 w esT loft 3 � w '.t AUD SUBD NO 309 fi 7029 � a PART OF LOT 10 f 7032 ( =� , ` 7008 2034 �� 702 3�- - ... - - - . _ -- - ()1. -- 21022 EAST yr / , 6937 r 1� t 1$474 5931 r -- 22 -- r S @I @Ct @d Parcel Data Date Printed: 4/13/2010 8:34:51 AM Parcel ID: 25- 119 -21 -44 -0023 Current Parcel Date: 4 /5/2010 j Owner Name: W R KENNY & K A KENNY Parcel Address: 7036 WILLOW LA N , BROOKLYN CENTER, MN 55430 Property Type: RESIDENTIAL LAK Sale Price: X109,000.00 j } Sale Date: 12/1997 4 Homestead: HOMESTEAD Area (sqR): 24560 Sale Code: Area (acres): 0.56 A -T -B: ABSTRACT i Market Total: $319,800.00 l Tax Total: $5,429.16 i http: / /gis- co.hennepin. mn.us /HCPropertyMap/Locator.aspx 4/13/2010 1 G IS - P r ope rty Ddtd ri on BC Server <CA P r ogrdm r M P ID .. House# Street Name tJnit 6 Photo(s) on file Today's date: 4/13f2010 1 Sketch(es) on fie . Release: 1.07.041 125 119 21 44-0023 Address: 7036 ttto f a Assessor Comments on fie Logged on user: ,BRENNA fAssessina -,Jill Brenna (PDS)P Single PID 1 Parcel Search 2 Clear 3 Print 4 View Photos Parcel Status: ACTIVE 1 +� = Parcel Administration r ; { Values Administration Values Information Save Clear Delete New Sub TOH r° Homestead Update ® Last Appraised Year Updtf "-" 'f Annual Assessment Assessment Year; 2111 p � Version 1 Current. a LMV Update Tax Capacities Update TOH Update _. PID: 25.119 002 Subrecord: �';`` ±. Sales Administration I '' of 1 Prop Type: �RL Resrdentral Lakeshor Last Appr Yea, 2008 r +, ( Property Characteristics Prim/Sec CD: P/S PID: Coop CD: Coop PID i ±i ( CAMA E =i Special Assessments r Exempt / Deferred Information Miscellaneous Information Homestead Information Search ..._......._.... _ _.._ . e Master Information Code. L _ K 'r' / Notice Sent (`� Partial Const W Hmst CD Pct Owner. 100 e Comments Type: r, r Ag Use f EMV r Mid Year Hmst Hmst Rtn: Reports and Inquiries Year: l OAcre Conti Ind r Rel Hmst Hmst FT P: 46 System Reports • Proper t} g N y' * System Reports - Assessn 320 Acre IF Proj Nbr. Hmst CRV Filed Local Reports District: MS Neighborhood: 0056 " Min Assess F Last Sale: 12 /1/1997 $109,000 e Ad -Hoc Query LOGIS Map Market Values 26 - Value History Records Public Property Summary Land: 147,500 Improve Amt: Year Sub Ver Land ; Bldg : Total Mkt ! imp Amt. f ±, Database Non - P ubi c Sumr Bldg: 145,600 LMV; 2009 _._i .... 57,500 162,300 319 800. 0 Mach: TOH: 200 1 1 17 000 185,4 , _3 0 Y _, __ �. _ Veterans: 2007 1 1 160,000 214,700; - 374,700� Total: 293,100 Taxable Mkt: 293,100 _ 2006 ! 1 1 150,000 219,600 ! 369,600 0 20051 -1 _1_. 130 000 , 165 500 295,500 0 Tax Capacity _ 2004 1 1 130,000 188,900 318,900 0 Do Not Calc Tax Ca acit Tax Cap acity : 2,931 1 p y 2003 , 1 1 3 BO 000 0 ; 160,900 240 900 ..._.._.. ......._ . Trial Market Values 2002 1 i 1 52,800 ; 142,900 1 95,700 0 .. _... Land: Totak 2001 ' 1 1 1 52,800 118,100 170, 0 -- 200O T1 j 1 � 480001 105,400 i 153,400 i y 0 Bldg; _ ___.. �� _� _ �_ _ _ __.__ ann i 1 o ; -C : %P rogrdrn , f Property ID House# Street !game Unit 6 Photo(s) on file Today's date: 4!13(2010 1 Sketch(es) on file Release: 1.07.041 - 119-21-44-0023 Ares dds: 7036 j /rtt L I �� Assessor Comments on fie Logged on user: JBRENNA " " °�' (Assessina - All Brenna (PDSJP Single PID 1 Parcel Search 2 Clear 3 Print 4 View Photos Parcel Status: ACTIVE i Ill F Parcel Administration (= CAMA Inquiry f:� Values Administration IL Values Information Homestead Update Assessment Year: 21710 Manual Assessment Manual Land: F ® Last Appraised Year Updi Building I Land I Sumwnary LMV Update Tax Capacities Update Quality: St le: TOH Update Dwelling Type` Siru�e Famtly y A04 y : fOne Level /Rambler �+ LJ Sales Administration Total GBA: F1616 Age: f3O Zoning: JRi —� w L Property Characteristics 1, CAMA Basic Rate: $44.92 LAMA Icy Adjusted Rate: $48.96 - -> Ext. Wall is f 8.0 Shape X 1.0 -® Market Value Residential Market Value Commercial Adj. Rate ` GBA: $79,119 - - -> Add Basement: 6,1 $160 = 1616 SgFt @ $10.00 Market Value Multi -Family Ded. Unf.GBA $0 f0 SgFt Rate Tables -Land ® Rate Tables - Residential Adjusted Total; $95 279 CAMA - Land CAMA -Residential Additive Amount: $64,002 - - -> Garage: $14,138 Dormers: $0 Patio Doors: $0 Special Assessments Search Walkout: $0 Au Cond; $3,000 Decks: $2,400 Master Information Patios: $0 Porches: $2,760 Pods: io ! Comments � Reports and Inquiries Baths: $21,999 Fireplaces: $5,000 Fin.BsW: $14,705 r e System Reports - Propert! Total Cost: $159,281 Kitchen: r $0 4! System Reports - Assessn' Local Reports Adjustments %: -9.5 - -> Depreciation %: 9.5 Influences /. 0.0 s e Ad -Hoc Query e LOGIS Map Functional X 0.0 Economic X 0.0 e Public Property Summary _ �t Non - Public Property Sumr Building Value: $144,100 CAMA Bldg. Mkt. Value: $145,600 Database Unities Flat Values: $1,500 Land Mkt. Value: $147,500 Total Mkt. Value: $293,100 City of Brooklyn Center PID: 25- 119 -21-44 -0023 Property Type: RL - Residential Lakeshore Value Info: Residential Field Card Property Address: 7036 Willow La N Zoning: R1 YearNersion: 20101 1 Printed: 4/13/2010 Lot / Block: 006/004 Dwelling Type: Single Family Land: 147,500 Assessment Year: 2010 Addition: North River Estates Owner(s): William R Kenny Bldg: 145,600 Version: 1 District: MS Total: 293,100 Neighborhood: 0056 ' _a;,t:..�., t �. , rr R ,s.,,r� • €�: �, h. >..•. a.. ..�cd- .A.^`..' a:- '-'.a"'»tlt8`7'r «5?uE « 1;ir fetr', a �::..a. ?F QtI��� ..h .,:.«,,....,.. .,,x.,a.,..E..,.: Model xlt pq Area (SgFt): 1,616 Kitchen Rig: Very Good Interior. Interior. Res. Cond: Good ,, . , ... .; ....r Placement: Attached Type: Regular Interior: Plaster Trim: Trim: Dwell Type: Single Family # of Cars: 2 Finished ( %): 65 Trim: Hardwood Floor: Floor: Int. Layout: Standard Floor Area: 420 Quality: Very Good Floor: Carpet Avg. Clear. Height: Avg. Clear. Height: Adjacent Property: Positive Condition: Excellent # of Fireplaces: 1 Avg. Clear. Height: # of Fireplaces: # of Fireplaces: Manual Assess: N Exterior Walls: Brick Fplc. Quality: Average # of Fireplaces: 1 Fplc. Quality: Fplc. Quality: View: Positive Avg. Clear. Height: Fplc. Quality: Very Good Actual Age: 1958 Elec. Svc: Standard Arch. /Appeal: Very Good Htg: Hot water, gas fired Effective Age: 1980 � OW Walkout: Placement. Detached Quality: A04 # of Cars: 2 Walkout Quality: I Renovated Age: Spa: 1 / Excellent Spa: / Spa: ! Shape: Irregular Floor Area: 400 Dix: ! Dix: / Dix: / Functional %: Condition: Very Good Full: 1 / Very Good Full: / Full: ! Style: One Level /Rambler Exterior Walls: Vinyl 3/4: / 3/4: / 3/4: / Economic %: 1/2: l 1/2: / 1/2: / Construction: Masonry Walls z� I .. Bung Ares Exterior Walls: Brick Glazed Area: E o f 120 Dix:' / ! � 400-0 :, .. Unfin. 1 sst GBA: Quality. Very Good Unfin. 2nd GBA: Full: / Bedrooms: 3 Bedrooms: Bedrooms: Screened Area Unfin. 3rd GBA: Exterior Trim: 3/4: 1 /Average Baths: 2 Baths: Baths: Quality: 1/2: / Family: Other: Other: Unfin. Total GBA: Open Area: Living: 1 Total Rooms: Total Rooms: Roof Type: Hip g' Quality: Dining: 1st Floor Area: 1,616 2nd Floor Area: Kitchen: 1 Roof Cover: Shingles _ 3rd Floor Area: Bedrooms: 1 Other: Window Type 1:Double Hung v � Baths: 1 Total Rooms: 5 Total GBA: 1,616 Patio 1 Area: Family: 1 „ Window Type 2: Casement Quality: Kitchen: Patio 2 Area: Other: Value: 1,500 Air Conditioning: Central Quality: Total Rooms: 2 Desc: EGRESS (2)4tal� Dormer Length: Bedrooms: 4 Baths: 3 Deck 1 Area: 300 Family: Dormer Quality: Date: 12/01/1997 Appraiser ID: 21 Appraiser ID: Y' Quality: Average Living: 1 Price: $109,000 Appraisal Date: 04/09/2009 # Patio Doors: Deck 2 Area: P Dining: 0 t 99 R d oe: Reason: Board of Review Appraisal Date: Quality: C Kitchen: 1 Desc: Conversion -X Sales Result: Interior Other: 0 Last Interior Inspection: 04/09/2009 Reason: Total 7 .. ,... 9 M3 3 ifik ..,:...,.� .. Result: Pool 1 Area: Quality: Left Tag: Yes / No Pool 2 Area: Quality: �111n7ent F= BURNHAM. bsmt fin ceil tile, pressboard & t &g paneling w /wet bar & EGRESS =VG QUAL. REROOF 98. racetrack ceil & brick walls in Ir. 2 .,,1 ' 'i, .,, , 1 ;. 00 �. EGRESS =f(one dbl) - in bsmt br usd as office w /ct flr. huge mstr bth w /dbl snk/crnr shwr /wictall ct. bsmt 3/4 bath all ct/shower inoperable. large eat in kitch/orig cabs & newer counter /bksplsh. ALL newer windows. mfsf & vinyl siding on addn only. 10/06 LAND TAKEN FROM CO RECORDS. VG GEN'L COND City of Brooklyn Center PID: 25- 119 -21-44 -0023 Property Type: RL - Residential Lakeshore Value Info: Residential Field Card Property Address: 7036 Willow La N Zoning: R1 YearNersion: 2010/ 1 Printed: 4/13/2010 Lot / Block: 006/004 Dwelling Type: Single Family Land: 147,500 Assessment Year: 2010 Addition: North River Estates Owner(s): William R Kenny Bldg: 145,600 Version: 1 District: MS Total: 293,100 Neighborhood: 0056 ai .: �5 r�b(ates ' O to Byil 4th i�?ns• Land Type: Waterfront Frontage: Park: Gas 1A1 $ FR, Land Quality: B03 -Land Left Side: 141 Park Quality: Irregular Shape 32 42 1344 Area Rating: Excellent Rear Side: On Lake: Paved Street 17 16 272 Site Rating: Very Good Right Side: Lake Quality: Sewer Available 0 0 0 Zoning: R1 Effective Width: On River: IRREGULAR 0 0 0 Contamination: Effective Depth: River Quality: Very Good 0 0 0 Flood Plain Map Ref: Effective Water: Landscape Quality: Average 0 0 0 PUD Ref: Property Area (SgFt): 23,791 0 0 01 Allowable Units: Acreage: Not Buildable: N Excess Land (SgFt): Adjacent Owner: N Usable SgFt: Flood Plain: N Flat Desc: Zoning Variance: N Flat Amount: Manual Land: N 4s' r, s� 4 20' v Porch r 120 Ill �I i � First Floor N N Garage N 10 1818 42P _._ i o 20' 32, Basemerrt 15' 1616 N b deck N 300' 20' 15' 32' b Gars N C14 4,,q 20' Sketch by Apex IV"" RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID 7036 Willow La N Brooklyn Center PID # 25 119 21 44 0023 av erage waterfront growth from 2009 to 2010 annually -5% SUBJECT COMP. #1 COMP. #2 COMP. #3 COMP. #4 NAME WILLIAM KENNY NAME ADDRESS 7036 WILLOW LA N 7326 Willow La - Brooklyn Park 5432 Twin Lake Blvd E 5301 Twin Lake Blvd E 7832 Mississipi La - Brooklyn Park ADDRESS PID 25119 2144 0023 25 119 21 14 0054 03118 21 34 0031 03 118 21 34 0037 24 119 2144 0004 PID - 9 Property Photo �I _ - -- Property Photo SALE PRICE $292,000 $212,500 $315,000 $490 ,000 SALE PRICE Financing Adjustment Financing Adjustment Sale Price Sale Price (Adjusted for Finance) (Adjusted for Finance) SALE DATE May -09 ($8,500) Sep -09 ($2,700) Nov -08 ($17,100) Jul -09 ($10,200) SALE DATE Sale Price Sale Price (Adjusted for Time) $283,500 $209,800 $297,900 $479,800 (Adjusted for Time) PRO AREAMESCRIPTION 23,791 SQ FT 17 ,190 SQ FT 19,740 SQ. FT 11,795 SQ FT 40,056 SQ FT PROP AREA/DESCRIPTION WATER FRONTAGE 30.25 FT RIVER FRONTAGE APX e7 FT RIVER FRONT ($31,200) NONE $92,500 APX 100 FT LAKE FRONT $2$300 APX 100 FT RIVER FRONT ($31,200) WATER FRONTAGE LOCATION RIVER - BELOW DAM RIVER - BELOW DAM OFF WATER UPPER TWIN LAKE RIVER BELOW DAM LOCATION STYLE RAMBLER RAMBLER RAMBLER SPLIT LEVEL 1 112 STORY STYLE SIZE (0.) Above Grade Room 1,616 SF / 5 / 3 1,911 SF 1712 ($7,400) 1,704 SF / 6 / 3 (:2,200) 1,145 SQ FT 15 13 $11.800 1,996 SQ FT / 813 ($9,500) SIZE (s.f.) Above Grade Court / BR R Co u n t / SR ABOVE ORD BATHS 1 SPA & 1 FULL BATH 2 FULL BATHS $2,000 1 FULL $9,000 1 FULL $9,000 1 FULL 81 314 BATH $4,ODO ABOVE ORD BATHS YR BLT I EFF AGE 1968 / 1990 1988/1988 1956/1985 19581`11980 1946/1965 YR BLT / EFF AGE QUALITY/COND VERY GOOD SIMILAR SIMILAR SIMILAR SIMILAR QUALmicONDmON # FIREPLACES 2 2 2 3 $3,500 1 $7,500 it FIREPLACES H EAT / AIR C. HW / CAC GFA I CAC GFA / CAC HW / NO AC $2,0001 GFA / CAC IHFATIAJRC. FOUNDATION SIZE FULL BSMT 1616 SQ FT FULL BSMT 1911 SQ FT ($2,900) PARTIAL BSMT 1584 SQ FT $600 PARTIAL BSMT 747 SO FT $8,700 PARTIAL BSMT 1516 SQ FT $1,000 FOUNDATION SIZE BS _ BATHS 65% /2 / 314 BATH 90%131 FULL BATH ($12,000) 90%14/3f4 BATH ($5,300) 85% 121314 BATH $6,300 30% 1213f4 BATH $9,000 BSMT FIN. ROOMS GARAGE (#cars ) 2 CAR ATT12 CAR DET 3 CAR ATTACHED $4,000 2 CAR ATTACHED $8,000 2 CAR ATTACHED $8,000 3 CAR ATTACHED $4,000 GARAGE ($$cars) AMENITIES GLAZED PORCH NONE $8,000 PORCH NONE $8,000 PORCH AMENTIIES REMODELING SPA BATH/ BR AWN W12 EGRESS I REMODELING OTHER WALKOUT 1 ($61000 ) WALKOUT $6,000 WALKOUT $6,809 OTHER Net Adjustment ($45,500) $102,600 $22,000 ($26,200) Net Adjustment Indicated Value $293,100 $238,000 $312,400 $319,900 $454,600 Indicated Value Valuation Reconciliation: Value Ran-ge $238,000 to $454,600. Recommendation: Sustain EMV of 293,100. 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. Updates to subject property include a 16x17 one story addition with basement, finished on both levels as a spa bath up & BR down with CT floor & 2 egress windows. This addition was constructed in the mid 1990's. An additional detached garage was constructed in 2000/2001. There were no open market riverfront sales that occurred in Brooklyn Center for the 2010 assessment study period. Comparable # 3 is an open market Brooklyn Center lakefront sale that has been included to illustrate the Brooklyn Center waterfront market. Comparable # 2 is located in Brooklyn Center across the street from Twin Lake. Comparable # 2 has been adjusted to reflect a waterfront location. This comparable is considered most similar to Mr. Kenny's property in style, age, size and quality. Com parables #1 & 4 are located in Brooklyn Park. Comparable #1 has the potential to be split into a duplex, and therefore has an odd configuration of the entryway making it less attractive to prospective buyers which may have contributed to it's lower sale price. Comparable # 4 was originally constructed in 1948. A large addition was constructed in the 90s, significantly increasing the size of this property. Mr. Kenny's 2010 estimated market value of $293,100 falls within the indicated range of adjusted sales. G BrennaBrenny appeah[BOARD Kerry Grid 10- FINAL.XLS]2010 kenny grid N A 43rd Ave N` Z z d� z rd we I I t` NE % T 4 Peerw I Qnd Ave N River E+ � m At st Ave ry c o t31 s< Ave N4� °�' 1`. Alst Ave N Park z y q .. & rw Ave ME 44 < 4 Aeb or N tiI Ave N C OMP 4 Z c '1'. 74th �: m Blvd 153 Brtwkdale Smo�kdmle Dr N c Plaza w Locke Park s Locke Park p N Park Tae, PION z I2 52� Lake SM Ave rtko a `, Comp 1 871h Ave WE z T3n7 Ave N z 77rd Ave N 'ate t53 U Fritdloy i p W '1st list Ave 1V 63rd A. NE m e P�nler z z lake I W i Z 69th Ave N � 89th Ave �y 69M% Ave N Z .ve N o"� Gist Aw N aj fi t Ave N _ Shk+9te Crs ' W Z n r� S2 -1 Nawe Ln i A. M a co r 3c e{ 12521 a o a �v D Y $�y 66th Ave N ' d S 1 57th Ave z g!�2Ve N Brooklyn h, Medtronic s# z z y 63rd Ave N - a e oc4itlli W 4 N �' xP m . 62nd Ave a a Gist Ave N Z • Su Ave 4 t3lst Ave N A N Q 1C r c1K p Gt)N� Ave N Mac V a� Crystal Park z 54M% Ave N Z z 59th Ave N l + _ � tst Ave NE V. ti .Airport !� 501 Ave N -s 5Ee% Ave Aw N �a 10 57th Ave N i I a a e e X47) 4 Eden" 56th Ave N 10 m 551h Ave N z w z � A co�A z , : If W n \ „ t� 4 LS z 54et Ave N H k 1 100 N SW Ave 5 454h Ave ME Ave \ �\ \ '. _.-- -' _ _ u. a Q N SI/d Aw p a d 44th Aw NE Slot Ave N -' N 51st Ave z w W W 1 mile 50th Ave N � 4 k u Ave N N 4911% Ave ® 2 N e4osoft corpM dorE 010i N 1 COMPARABLE SALES MAP COMPARABLE #1 7326 Willow La, Brooklyn Park COMPARABLE #2 5432 Twin Lake Blvd E, Brooklyn Center COMPARABLE #3 5301 Twin Lake Blvd E, Brooklyn Center COMPARABLE #4 7832 Mississippi La, Brooklyn Park Report Name: Sales Ratio Analysis City of Brooklyn Center Printed: 4/13/2010 Assessment Year: 2010 Page: 1 Version: 1 Sales Ratio Analysis User Name: JBRENNA (3) 2010 asmt waterfront ratio nhd 56 Sal Ratio Dev From Std Dev Rafiq SubM Sale Date EM Dist Nbrhd Address Mkt Value Purch Price Ratio $ajij{ Median Mean From Mean Code 10- 118 -21 -32 -0197 TL 0056 4715 Twin Lake Ave 328,700 365,000 90.1 1 -0.4 -0.4 -0.71 00 11/18/2008 03- 118 -21 -34 -0037 TL 0056 5301 Twin Lake Blvd E 286,500 315,000 91.0 2 0.5 0.4 0.71 00 11/10/2008 Arithmetic Average Values: 307,600 340,000 Report Name: Sales Ratio Analysis City of Brooklyn Center Printed: 4/13/2010 Assessment Year: 2010 Page: 2 Version: I Sales Ratio Analysis User Name: JBRENNA (3) 2010 asmt waterfront ratio nhd 56 Ratio Analysis Statistics A) Number of Sales: 2 B) Range of Sales Ratios: 90.1 to 91.0 C) Median Ratio: 90.5 D) Mean Ratio: 90.5 E) Sales - Weighted Aggregate Ratio: 90.5 F) Average Deviation From Median: 0.4 G) Coefficient of Dispersion: 0.5 (= 100 * F /C) H) Coefficient of Variation: 0.7 (= 100 * J/D) I) Index of Regression: 100.0 (= 100 * D/E) J) Standard Deviation: 0.6 K) Sample Sufficiency Gauge: 0.47 (= SQRT (0.5 * B /A)) Parcels in Area = 116 I Sales Ratio Analysis Selection Criteria Assessment = 2010 Version = 1 Exempt_Type = " SubRecord_Nbr = 1 Sale >= '10/ 1 /2008' Sale <= '9/30/2009' Status o 'I' Part_Const_Code <>'Y' (Neighborhood Between'0056 and'0056 ) Property_Type in (' B',' BJ',' D',' DB',' DJ',' HR',' LL',' LR',' P',' R',' RL',' RM',' RZ', 'S','TP','X','XC','XM','Y','Z') Sale in ('00') Trial/Actual Market Values = Actual Sale Price /Cash Equivalent = Cash Equivalent Apt- 09 2010 1:OOPM HP LRSERJET FAX p.4 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9. 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s) Daytime Contact Number: Property Addres .,:�21 '1 CENKHk A14i /./y Property Identification Number Assessor's 2010 Estimated Market Valuer �? ` Is your property residential, commercial or multi - family? If you are appealing a commercial, multi- famtiy or residential rental property you must Include Income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? s Cttr e ^ S c L ' ,.,► / qr why �j4'� - 3"1l�rl� ,�q.�� / ' a / 7 �5/ GW'� /Irr►sC IJ /Y�'T�! in tq..71 (' ,.,4' A.4 / —j � cy 't r-r..� i f L�ex C.n� ril" �r r�, � �•„✓ r r o rr � .:�+ � t r��_T•� .r�J•�'�y J When did you purchase your home? Date of Purchase /—/ , Purchase Price zp Did you purchase your property from a bank, as a foreclosure or short sale? JJ Has your property physically changed since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a beef 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? es r No If so, what was the determination of value? far,"� L - � V l S rl- pa MLvt� f v /it - 94 What do you think the market value of your property should be? ! G� s �► Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation an appointment to view the property will be required Apr 09 2010 1;001 HP LRSERJET FAX p.5 S -� 1 t r tive Market Analysis Friday, April 9, 2010 Summary of Comparable Listings This page summarizes the comparable listings contained In this market analysis. Sold listings Address Price Bds 8th TFSF $13q Built $tyte sold Data DOM CDOM S■ 5350 James Avenue $83,000 5 2 2052 $40 1954 ONEST 08/21/2009 S 187 5524 Dupont Avenue $25,000 1 1 491 $51 1947 ONEST 08/24/2009 23 39 5551 Girard Avenue $25,000 1 1 764 $33 1960 ONEST 00/16/2009 136 319 5327 Colfax Avenue $37,000 2 1 850 $57 1041 ONEST 0713812009 BE 65 6409 Fremont Avenue 529,000 2 1 772 $36 1920 ONEST 11/16/2009 112 112 5420 Emerson Avenue $42,096 4 2 14DO $30 1941 ONEST 06/12/2009 40 40 5621 Humboldt Avenue $41,000 3 1 1125 $36 1953 ONEST 07/2012009 41 230 5828 Fremont Avenue $55,000 3 1 1095 $50 1950 ONEST 01/2212010 28 28 6637 Irving Avenue $75,000 3 1 976 $77 1955 ONEST 09118!2009 41 41 5838 James Avenue $50,900 2 1 988 $61 1954 ONEST 0812912009 11 11 5701 Emerson Avenue $85,000 4 2 1504 $43 1952 ONEST 09118/2009 12 12 5819 Knox Avenue $55,000 3 2 1625 $34 1955 ONEST 08/0512009 42 144 5408 Colfax Avenue $68,000 3 1 1040 $85 1958 ONEST 07/0112009 4 4 5537 Camden Avenue $64,000 3 1 1086 $79 1957 ONEST 08/1812009 81 350 5425 Humboldt Avenue $65,000 4 1 1630 $40 1955 ONEST 1013012009 14 14 1208 57Th Avenue $82,017 3 2 1492 $43 1953 ONEST D7123/2009 21 205 5508 Fremont Avenue $80,000 3 2 1600 $50 1956 ONEST 08/20/2009 42 42 5800 74 900 2 1 1383 54 1955 ONEST 02125!2010 2 2 Irving Avenue $ $ 5712 Colfax Avenue $86,300 3 1 912 $95 1965 ONEST 11/17/2009 7 7 5413 Logan Avenue $79,900 3 2 1730 $48 1954 ONEST 0810712009 80 00 5431 Irving Avenue $88,500 3 2 1445 $83 1955 O NEST 03/0912010 11 34 5410 Girard Avenue $105,000 3 1 1188 $88 1932 ONEST 02/2812D10 7 7 5835 Aldrich Avenue $105,000 4 2 1785 $59 1931 ONEST 11/2612009 40 230 5843 Emerson Avenue $115,000 2 2 1280 $89 1981 ONEST 09508009 3 3 5344 James Avenue $92,500 3 1 1812 $67 1854 ONEST 03/038010 63 110 5707 Girard Avenue $105,000 3 2 1778 $60 1962 ONEST Q2/2512010 11 385 5401 James Avenue $07,440 2 2 1300 $75 1954 ONEST 07/23/2009 48 40 5350 Knox Avenue $100,000 3 1 1 ;100,00( 1954 ONEST 11/17/2009 100 100 5328 Emerson Avenue $109,000 2 1 936 $116 1938 ONEST 10/23/2009 191 547 5828 Fremont Avenue $55,000 3 1 109.5 $50 1950 ONEST 02/02/2010 3 5626 Logan Avenue $107,500 2 1 775 $139 1951 ONEST 03118/2010 18 64 5840 Knox Avenue $112,000 2 2 946 $119 1950 ONEST 02/26/2010 57 67 583D Fremont Avenue $122,000 3 2 1889 $86 1955 ONEST 1213012009 19 19 5831 Dupont Avenue $110,000 3 1 1128 $98 1966 ONEST 07130/2009 22 198 1208 57Th Avenue $120,000 3 2 1482 582 1953 ONEST 03/01/2010 39 39 5449 Colfax Avenue $122,450 3 2 1974 $55 1935 ONEST 01/12/2010 168 188 5419 Irving Avenue $127,425 3 1 1878 $68 1955 ONEST 11113/2009 28 28 5320 Colfax Avenue $117,000 3 1 1414 $83 1947 ONEST 12/308009 36 36 5815 Bryant Avenue $131,000 3 1 1491 $88 1955 ONEST 1212812009 SB 58 5909 N Emerson Avenue $138,000 2 2 1108 $125 1950 ONEST 09/30/2009 177 177 Averages: $54,338 2.8 1,4 1265 ;2;565 1950 47 1011 R 09 2010 1:01PM HP LASERJET FAX p.6 CEL Monton, LLC Profit & Loss 5857 COLFAX Jan - Dec 09 Ordinary income/Expense Income 4100 - Rental Income 7,039.00 4200 - Fee Income 4260 - Application Fees 35.DD Total 4200 - Fee Income 35.00 Total Income 7,074.00 Expense 5100•Insurancs 6110 • Property Insurance 538.41 Total 6100 - Insurance 536.41 5200 • Interest Expense 5220 - Loan Interest 4,311.65 Total 6200 - Interest Expense 4,311.65 5300 • Repairs 5310 - Building Repairs 2,012.19 5300 - Repairs - Other 2,149.75 Total 5300 • Repairs 4,161.94 5400 • Utilities 5420 - Water 165.10 Total 5400 • Utilities 168.10 5000 - MATERIAL$ 2,788.20 520D - Texas 6230 - Property Texas 2,214.03 Total 8200 - Taxes 2,214.03 7010 - Bank Service Charges 4.00 7040 - Licenses and Permits 900.00 70x0 • Miscellaneous 74.81 7035 - CredRJCriminal checks 84.00 7090 Property Maintenance 739.25 7091 • Cleaning Expense 176.00 Total expense 16,133.19 Net Ordinary Income - 9.058.19 Net Income - 9,059.18 Page 1 t Review Of 5857 Colfax Ave N PID# 01 118 2124 0017 For Cel Monton LLC 2010 Board of Appeal and Equalization a .fr i F3 Report Name: Taxpayer Inquiry City Of Brooklyn Center Printed: 4/15/2010 Page: 1 Taxpayer Inquiry Display PID House Nbr Street Name Unit Zip Code O1- 118 -21 -24 -0017 5857 Colfax Ave N 55430 Last Name First Name MI Owner Taxpayer Resident Cel Mouton LLC Y Y N Fronta Left S ide Rear Side Right Side Eff. Width Eff, Depth Property Area Acreag a Zo_ ning PJS Exempt Code School Dist Watershed Yr Built 0 0 0 0 75 134 10,050 0.00 R1 0286 15 1954 Year Ver #Subs Land Value Bldg Value Mach Value Tot Mkt Value Tax Can Hmstd Midvr Rel H P/T % wn P/C 2010 1 1 47,000 75,800 0 122,800 1,228 N N N R 0 N 2009 1 1 58,900 83,500 0 142,400 1,424 N N N R 0 N 2008 1 1 60,900 107,300 0 168,200 1,682 Y N N R 100 N Lot: 001 Block: 000 Addition: Franzen's Addition City of Brooklyn Center PID: 01- 118 -21 -24 -0017 Property Type: R - Residential Value Info: Residential Field Card Property Address: 5857 Colfax Ave N Zoning: R1 YearNersion: 20101 1 Printed: 04/13/2010 Lot! Block: 001/000 Dwelling Type: Single Family Land: 47,000 Assessment Year: 2010 Addition: Franzen's Addition Owner(s): Cel Monton LLC Bldg: 75,800 Version: 1 District: Total: 122,800 Neighborhood: 0054 b o 'h,'•, .:s= �- z 'sia.' .X Model: f3�C '; ; Area (SgFt): 960 Kitchen Rtg: Very Good Interior. Interior: Res. Cond. Average Placement: Attached Type: Regular Interior: Plaster Trim: Trim: Dwell Type: Single Family # of Cars: 1 Finished ( %): 60 Trim: Hardwood Floor: Floor: Int. Layout: Standard Floor Area: 240 Quality: Average Floor: Wood Avg. Clear. Height: Avg. Clear. Height: Adjacent Property: Equal Condition: Average # of Fireplaces: Avg. Clear. Height: # of Fireplaces: # of Fireplaces: Manual Assess: N Exterior Walls: Wood Fplc. Quality: # of Fireplaces: Fplc. Quality: Fplc. Quality: View: Equal Avg. Clear. Height: Fplc. Quality: Actual Age: 1954 Elec. Svc: Standard Arch. /Appeal: Average mr Htg: Forced air, gas fired Effective 0il� # Age: 1985 Walkout: Quali ty B07 : Placement y Walkout Quality: (1Gtu8i gri aEt31f3t18�1 3rd 18t1�' t/ftul # of Cars: � _ Renovated Age: / ! / Shape: L- Shaped Floor Area Spa: Spa: Spa: / Dix: / Dix: / Functional %: Condition: Full: 1 / Average Full: / Full: / Style: One Level /Rambler Exterior Walls: 3/4: / 3/4: / 3/4: / Economic %: Construction: Wood Frame' pl 7- Glazed Area Spa: ! lists Stt3l.0tfht" i r botn,;�buh 3rd l�oi5tyf 1 Unfin. l st GBA: Exterior Walls: Wood Dlx: / Unfin. 2nd GBA: Quality: Full: / Bedrooms: 3 Bedrooms: Bedrooms: Exterior Trim: Screened Area: 3/4: ! Baths: 1 Baths: Baths: Unfin. 3rd GBA: Quality: 1/2: / Family: Other: Other: Unfin. Total GBA: Roof Type: Hip Open Area: Living: 1 Total Rooms: Total Rooms: Quality: Dining: 1 1 st Floor Area: 1,092 Roof Cover: Shingles Aas6 5t hod0f Count Kitchen: 1 2nd Floor Area: r Bedrooms: Other: 3rd Floor Area: Window Type I: Double Hung Baths: Total Rooms: 6 Total GBA: 1,092 Patio 1 Area: 572 Family: 1 r rg Quality: Average Kitchen: �dt Y� Ue .. r 11 1 Window Type 2: Casement patio 2 Area: Other: Value: 500 Air Conditioning: Central Quality: Total Rooms: 1 Desc: STOOL A111 G Pq Dormer Length: Bedrooms: 3 Baths: 1 Deck 1 Area: • �_ ,_. k. �3 ti Rpm, qz ,.,. .. Dormer Quality: Quality: Date: 01/08/2009 Appraiser ID: 21 Appraiser ID: Family: 1 y Price: $65,500 Appraisal Date: 06/02/2008 # Patio Doors: Deck 2 Area: pp Living: 1 Quality: Code: 15 Reason: Quintile Review Appraisal Date: Dining: 1 Kitchen: 1 Desc: Forced Sale Result: Exterior Other: 0 Last Interior Inspection: 0612612003 Reason: Total: 7 ,, . •, Pool 1 Area: Result: Quality: Pool 2 Area: Left Tag: Yes / No Quality: �� y OR GWINDS, NO WRAP, WOOD STR MS. ORIG EXT AVG, PEELING 08. MFSF. COVED CEIL. REMODELED KITCH W /NEW CABS & ���� 3 COUNTERS. PERGO ENTRY & KITCH. LENNOX =F. 09ASMT /ASSUME- VACANT & POSTED -NO TAG LEFT. 1 Property Data of oo on : C Server <C:NProgram FitesXLogisXPD Prope y Ib douse# street Npme UnLj 1 Photo(s) on file Today's date: O�t(lOt2010 1 5f<etchtesj on file Release: 1 0 I 01 118 -21 -24 0017 Aftess, . S T Crstf x Awe Assessor Comments on file Logged on W&: RCAST4 rAs�esslr� - it�t'en!C��tof�'»� . Single PID CT 1� Par! search 2 Clear 3 Print + view Photos ParC Statute A>wi FRI Lulu;; finfr5rmatron I ,( Hermeprrr Cour tyr Tw` Informati Homestead Update' �Seve Clear E�efete Sales Report Last Appraised Year L LMT` Update' ' Sale fJate:� — _ _ Trial Tax C+pacities;Upde 01108!2009 /Ratio Rio #rimes erYr d`er "sj,mtl(7£l I # rice 65 500. E 7 QYerride Assessment Year 6 Value Notice Fie " r-1 Sales Administrat ion Cash CgUivalenk: I�ertide Version Sales lnfarmatton - ? Sales Ratios Type+ale: Warranty Deems T "vt Mkt: 1#2 X00 N Comparables Informati" MinMax Codes Sales Ratio Code : Forced Sale Price /Time Adjustment " Comments: Weight Parameters` . Comparables Batch U t, t �Lj Property Characteristics Land 5 Sales Records Inspections " " _..- Die 1 Price .# hash Egrary . type Ratio Code Comme Van ©v.Yr Ov:Ver Residential 0110812009 0 01 � � 20091 _ 0 Commercial llndustns _ 15 _ Multi Family 0610112002 138000 0 11 00 PTS = 3000 2005 1 �0 0 Field Card Print? 0810111996 79,250 � 11 00 2005 1 0 0 +�] CAMA �, 0510111991 77 900 0 11 00 - 20051 0 0 P 0 1 Assessment PC __ -.__. �+ l s 0210111988 68,000 0� 11 00 - _ __._.__ ._ _ _ _.__.. _____ ._._ _... - —2005 __. . 1 _ Special Assessmef' s E" Search Master Information Comments Flags Mass Add Mass Comments Upde Mass Payoff Mass Payoff w/Daily Number Conversion. 1 V nivi�inninn 41i t ) >i r Report Name: Permit List City Of Brooklyn Center Printed: 04/08/2010 Permit List Page: 1 Permit List for: 5857 COLFAX AVE N ermi # j ii Value Permit Type Sub T ype Work Tvoe Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date [30022017 $158 Mechanical Gas Piping Replace INSTALL RANGE AND 05/27/2003 08/13/2003 NEW SHUT OFF VALVE Permit Count: I I i CITY OF BROOKLYN CENTER LICENSE INFORMATION PID: 0111821240017 License Information: 12 License Number: 01004535 12 License Status: A 12 License Type: Rental 12 License Location: 0 Business Applicant: Company: Douglas Allen Wahl 12 Business Address: 1845 Stinson Parkway NE, 12 Business City: Minneapolis [2 Business State: MN Q Business Zip: 55418 12 Telephone: 6127828888 Assigned Dates: 12 Applied: 4/3/2009 12 Inspected: 4/22/2009 0 Council: 5/11/2009 12 Issued: 5/13/2009 12 Expiration: 4/30/2011 Apr 09 2010 1:01PM HP LRSERJET FRX p.7 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s) _ d�; Daytime Contact Number: -' Property Address i 41 &12,11 Ale A/c Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi - family? If you are appealing a commercial, multi - family or residential rental property you must include income and expense data for calendar year 2009 with your application. VVhat is the reason you are appealing your 2010 assessment? S y G° 0"I 7 �� X A► 4 met?! �1i a f�xfr,� �2 .} v­ + - r tc� �. �,.►^ r� �O�c �' rla� -► it s`. r�, When did you purchase your home? Date of Purchase ~! -Ac�f)9 Purchase Price -0b Dld you purchase your property from a bank, as a foreclosure or short sale? try Has your property physically changed 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? or No If so, what was the determination of value? �� l � - a �� �s /�4V Win•. - __ a.� �= � 1�t w�,d 1�e,j we- e - & Grl ' I.�,c;,n rit 7:; 4 r,+�.•, Ii�F k- What do you think the market value of your property should be? � - Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application, lr1_ order to appeal your valuation an appointment to vlaw fhe property will be required III Apr 08 2010 1:01PM HP LRSERJET FAX F.8 CEL Monton, LLC Profit & Loss $014 GIRARD AVE NO Jan - Dec 09 Ordinary IncomelExperke Income 4100 • Rental Income 5,300.00 Total Income 5,300.70 Expense 6100 - Insurance 6110 - Property Insurance 535.40 Total 8100 • Insurance 635.40 3300 • Rapslry 5310 • Building Repairs 1,089.bD 15308 - Repairs • Other 2,554.84 Total 6300 - Repairs 3,644.$4 5400 , Utilities 5420 • Water 58.19 5431) Electric 53,98 Total 6400 Utilities 112.15 0000 MATCRIALS 2,718.35 8200 • Taxea 6230 - Property Taxes - 184.33 Total 8260 - Texe6 - 184,33 7040 • License and Permits 900.00 7090 Property Maintenance 307.00 Total Expense 8,052.81 Not Ordinary Income 2,752.61 Net Income - 2,752.91 Pape 1 I2evie�� Of 6014 Girard .Ave 1 PID# 01 118 21 22 0071 For Refive Investments LLC.:` 1 - 010 Board of Appeal and Equalization 41, - qW e; I Rcport Name. Faxpayer 1n uiry C y Of Brooklyn C E'il fi er Printed: 4,15 =2010 Taxpayer Inquiry W511 1a) ' D House Nbr 'Street Name >" 'Lod 5 L±4) ()1 -1 18_21- 22-0071 6014 Girar Ave N 554.10 Cast ;Name First Name M1 0%ner Tax a °er Resident Refiwe lnwestm nts I...Ct" Y N Fron lag Left Sid Rear Side Right Side Eff, Width Eff. jj CVb , ProVeriv Area Acrgag Zonin Exempt Code School Dist Watershed Yr Built 75 135 75 135 75 135 10,050 (.00 121 0286 15 1953 Im Ver t# i� land Value Bldg Va lue Mach Value Tot mkt Value Tax Cal) limstd Midy B& T n w n P/C 2010 1 1 47.000 66.500 0 113.500 1.135 N N N R 0 N 2009 1 1 58,900 33,600 0 92,500 025 N N N R 0 Y 2008 1 1 W900 W), 100 0 157,000 1,570 Y N N R 1001 N Lot: 0 15 Block: 000 Addition: Fdww°in E, Nelson's 2nd Addition N � j iy. � ���V � 5♦ T �f :. H Y I t.iry of broomyn center PIU: 01 - 118 -21 -22 -0071 Property Type: R . Residential are .rr N Info Field Gard Property Address: 6014 Girard Ave fit Zoning: R1 Value 2010 1 1 Printed 04 13f2 10 Lot I Block: 015 Dwelling Type: Single Family L 47.000 Addition- Year Lr I Addition: Edwin E. Nelson's 2nd Adr iar Owner(s): Relive Investments LLC Bldg 64 5 00 Version 1 District: Total: 113,.500 Neighborhood- 0054 Ex or ii 2nd Flour, fy 3rd Flr,, _ ViiF4 Model. Garage #4 Area (SgFt) 412 Kitchen Rtg Standard lnte;r €or: Interior Res Cond Average Placement: Attached Type Regular Interior: Sheetrock Trim. Trim Dwell Type. Single, Family # of Gars 1 Finished t %): 75 Trim: Softwood Furor. Floor: lest. Layout: Standard Floor Area 288 Quality: Average Floor: Carpet Avg Clear. Height: Avg Clear. Height: Adjacent Property Equal Condition Average # of Fireplaces. Avg, Clear, Height # of Fireplaces: # of Fireplaces: Manual Assess N Exterior Walls: Wood Epic, Quality # of Fireplaces: Fplc Quality. Fp c. Quality View Equal Avg. Clear. Height: Fplc. Quality Actual Age 1953 Elea Svc Standard Arch tAppeal' Average Ci e Htg Forced air, gas fired Effective Age: 1980 ` Walkout. Placement: ' Quality: 847 Walkout Quality: 1st Baths {#tCttlali#y} end B�tf(;�lt3ualttp�:: 3rd � the ( #If� # of Cars uaflt } ' Renovated Ag 9 Floor Area Spa= ! Spa: l Spa. ,i Shape: Square DIX 1 f5)x I DIx: t Functional Condifion: Full 1 6 Average Fult ! Fult / style: Line LevelfRambler Exterior Walls: 3,� 1; 314, 1 314; l Economic Basement 112: 1 112, f 112: t Construction Wood Frame Irtrdtt Quay Bul1d1MTite . Glared Area Exterior Wails Wood Dlx: Spa r Ist Room Count ' Ind Room!Count 3rd Room Count Unfin I st GB . 1 Quality. Screened urea: I Baths Baths: Full: I Bedrooms 3 Bedrooms Bedrooms Unfin. 2nd GBA. Exterior Trlrrr Brick, 3.4; 1 Baths: Unfrn 3rd GBA: Quality, 1 12: Family Other Other Unfin. Total GBA Roof Type: Hip Open Area: Living: 1 Total Rooms, Total Rooms: Quality. Dining 1st Floor Area : 912 Roof Cover. Shingles Bed Room Count Kitchen, I 2nd Floor Area. Pattie. Bedrooms: tither_ 3rd Floor Area: Window Type 1 Notable Hung Baths Total Rooms: 5 Total GBA: 912 Patio 1 Area: 266 Family: 1 Quality; Average Kitchen', 1= iaillah#e' Window Type 2: Ratio 2 Area Other: 2 Value. Air Conditioning; Central Quality: Total Rooms 3 Desc. Dormer Length Leek Bedrooms: 3 Leta �� Est ln� �,s, Baths; 1 Dormer Quality: Deckr I Area; • Appraiser Family: 1 Nate 0412712009 ID Ouallfy 21 Appraiser ID: Living: I Price; $41,400 Appraisal Date: M17/2008 Patio Doors: Deck 2 Area, Code: 15 Reason: Ouintile Review Appraisal Date: Dining: Quality Forced Sale Result:. Leff Tag Kitchen: 1 Nw=sc Other: 2 Last Interior Inspection: 0611712003 Reason: Pool Total; 8 ' Pool 1 Area Result: Quality, Pool 2 Area; Left To Yes 1 No Quality: Gflmrner WRAPPED ORIG WINDS, AV METAL FRONT ON HOME, MFSF AVM; EXT COW I RENTED, NO OTHER Amenities WRAPPED ASSUME COND ISSUES FIXED BSMT FII EAIQC RESTORED TO AVG LEVELS. I i P Data of ra cCAProg r, Property Ir) treat hta�irra t lii#� I 1 1ota�t;s.r'on f Today' tie: 0408M 0 I Sketch(es) on file 011 ! 1071 ens; " 14 Logged an user XCASTO (.Asseesirm - Karen C" to (PPS 3 of 5 1 Parcel Search 2 Char .. 31 r 4 View Photos Parcel rts; ACTIVE Parcel Administration I ' Parcel Information Sa Inf ormatio n Assessor Comments crave "Clear "oelete Sales Report Parcel Divisioning _ . Temptxary PIC# ilpdat Trial 4" Sale Dates Cr4 t t rrn atio Ratio Assessment Year /Version: 201011 Assessor Project Up& � .......� � Assessor ln iry Sale, i 4 �1 274.2 Override Assessment Year: 0 .. Taxpayer Inquiry Cash Equivalent: Override Version: t1 ' „j Values Administration Type of valu epirr tmati Tray 01 arr D ee yr T�tt M 113.E �' Sales Ratio Code. 15 Furred Sale Homestead Update Last Appraised Year Cements; LMV Update Tax Capacities Update " Value Notice File Sales Administtation 3 • Sates Record,-., Sales Information, _... Crate Price Cash Eq v :Type ; Ratio Code : Comments A Yr Vet ` 13v,Yr CIv.V r Sales Ratios ► 3 04/27/ 20091 1t 41,400 1 C11 15 , _ . 2t311T 1 " . " 13 tl Comparables lnlotmati 05/0412nO6 1 82 ' ,501) ,511) 177 ,334 01 1710 Pis ' 51 66 _.. 2007 1 n 0 Mirax Crudes' _ Wei Patardclern C5�'Cflflr6', 49,900: 0 11 l FROM Fella 2Ctt5. 1 1i fJ CtrtmparaNes Batch U -',, ;; Property Characteristics , " Land Inspections Residential Commercial IrKkj* ria F=ield Card Print +: CAM,A + J Assessment Profits Special Assessments i CITY OF BROOKLYN CENTE LICENSE INFOR'�1ATION License Information: License Number: 01004647 License Status: A License Type: Rental License Location: Business Applicant: company: Douglas Alien Wahl M Business Address: 1845 Stinson Parkway NE, 174 Business City: Minneapolis u Business State: MN Business Zip: 55418 Telephone: 6127828888 Assigned Dates: Applied: 6/18/2009 Inspected: 6/30/2009 == Council: 7/27/2000 Lz Issued: 7/28/2009 Expiration 6/30/2011 Hpr U°J- cUIU 1:W3FM HH LHSLKJEI FHX p• CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9. 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Names) Dri,�" Daytime Contact Number: 4]�t '75?,g esg 6 Property Address Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi - family? If you are appealing a commercial, multi- family or residential rental property you must include income nd expense date for calendar year 2009 with your application, What is the reason you are appealing your 2010 assessment ? ,fir C,� rt �f r 17� +.� Gq,,U .r te/ / �7 r !`- . `Ve ov., !-/ 4.e 42 When did you purchase your home? Date of Purchase Purchase Pric . Did you purchase your property from a bank, as a foreclosure or short sale? -� Has your property physically changed 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? Gees, r No j If so, what was the determination of value? Ren AWL e >C AJ.Cp, .-e L,f,! -ice e_1 4-I Cava L- What do you think the market value of your property should be? ..� i i Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to Meal your valuation an appointment to view the property will be required I Hpr US i-!UlU 1:U8NM HN LHbERJEI FHX p•5 1 Comparative Analysis Friday, April 9, 2010 Summary of Comparable Listings This page Summarizes the comparable listfngs contained In this market analysis, Sold Listings Addrees Price Bde Bth TF$F Wq Built Style Safd Data : DOM CDOM 6350 James Avenue $83,000 5 2 2052 $40 1954 ONEST 08/21/2009 8 187 5524 Dupont Avenue $25,000 1 1 491 $51 1947 ONEST 0912412009: 23 39 5851 Glrsrd Avenue $25,000 1 1 784 $33 1950 ONEST 09/15120091 135 319 5327 Colfax Avenue $37,000 2 1 050 $57 1941 ONEST 07/2812008 i 65 85 6409 Fremont Avenue $29,000 2 1 772 $38 1920 ONEST 11/10/20091 112 112 5420 Emerson Avenue $42,096 4 2 1400 $30 1$41 ONEST 08/1212009, 40 40 6821 Humboldt Avenue $41,000 3 1 1126 $36 1953 ONEST 0712012009; 41 230 5828 Fremont Avenue $55,000 3 1 1095 $50 1950 ONEST 01/22120101 28 28 6637 Irving Avenue $75,000 3 1 97e $77 1956 ONEST 0911612009! 41 41 5835 James Avenue $69,900 2 1 988 $61 1954 ONEST 08/29/2009: 11 11 5701 Emerson Avenue $65,000 4 2 1504 $43 1952 ONEST 0811812000 12 12 5819 Knox Avenue $66,000 3 2 1825 $34 1955 ONEST 06/0512009! 42 144 5408 Colfax Avenue $86,000 3 1 1040 $65 1958 ONEST 07/01120091 4 4 5537 Camden Avenue $84,000 3 1 1086 $79 1957 ONEST 06/1812009 , 61 350 5425 Humboldt Avenue $86,000 4 1 1830 $40 1955 ONEST 10/3012009: 14 14 1208 57Th Avenue $82,617 3 2 1462 $43 1953 ONEST 07/23/2009 i 21 205 5508 Fremont Avenue $80,000 3 2 1600 $50 1958 ONEST 0812012009 42 42 5800 Irving Avenue $74,900 2 1 1383 $54 1956 ONEST 02/2512010 I 2 2 5712 Colfax Avenue $86,300 3 1 912 $95 1955 ONEST 11/17/2009 7 7 5413 Logan Avenue $79,900 3 2 1730 $46 1954 ONEST 0310712009 { 80 80 5431 Irving Avenue 588,500 3 2 1405 $63 1955 ONEST 03/09/2010 ! 11 34 6410 Girard Avenue $105,000 3 1 1199 $88 1932 ONEST 02/26/2010 7 7 5835 Aldrich Avenue $105,000 4 2 1786 $59 1931 ONEST 11/25/2009 40 230 6843 Emerson Avenue $115,000 2 2 1290 $89 1961 ONEST 09/30/2009 3 3 5344 James Avenue $92,500 3 1 1612 $57 1854 ONEST 03103/2010 133 110 5707 Girard Avenue $106,000 3 2 1778 $60 1952 ONEST 02125/2010 11 386 5401 James Avenue $97,440 2 2 1300 $75 1954 ONEST 07/23/2009 46 48 5350 Knox Avenue $100,000 3 1 1 il00,00t 1954 ONEST 1111712009 100 100 5328 Emerson Avenue $109,000 2 1 938 $116 1938 ONEST 10123/2 009: 191 547 5828 Fremont Avenue $55,000 3 1 1095 $60 1950 ONEST 0210212010 ! 3 6826 Logan Avenue $107,500 2 1 775 $130 1951 ONEST 03/18/2010 16 84 5840 Knox Avenue $112,000 2 2 945 $119 1950 ONEST 02/26/2010 57 67 5530 Fremont Avenue $122,000 3 2 1569 $85 1955 ONEST 12/30/2009 19 19 5831 Dupont Avenue $110,000 3 1 1128 $98 1955 ONEST 07/30/2009 1 22 196 120857Th Avenue $120,000 3 2 1482 $82 1953 ONEST 03/01/2010 39 39 6449 Colfax Avenue $122,450 3 2 1874 $86 1935 ONEST 01/12/2010 188 168 5419 Irving Avenue $127,425 3 1 1878 $88 1956 ONEST 11/1312009 28 28 5320 Colfax Avenue $117,000 3 1 1414 $83 1947 ONEST 12/30/2009 36 38 5815 Bryant Avenue $131,000 3 1 1491 $88 1966 ONEST 12/28/2009 56 56 5909 N Emerson Avenue $138,000 2 2 1106 $125 1950 ONEST 09/3012006 177 177 Averages; 84,338 2,8 1,4 126a $U66 1950 ! 47 108 i i P R Hpr U5 eUlU 1:UJFIM HN LHbERJEI FHX p.1u I 1 CEL, Monton, LLC Profit & Loss 3640 FREMONT Jan - Dec 00 Ordinary IncomalExpense Income 4100 • Rental Income 11,550.00 Total income 11,550,00 Expense 5100 - Insurance 5110 • Property Ineuranca 999. Total 6100 - Insurance 999.80 5200- Interest expanse 6220 - Loan Interest 4,354.17 Total 5200 - Interest Expense 4,354.17 5300 - Repairs 1,760.00 GD00 - MATERIALS 522.12 6200 • Taxes 6230 - Property Taxes 2,476.62 Total 6200 - Taxes 2,476.62 Total Expense 10,11 2.81 Net Ordinary income 1,437.19 Net Income 1,487.19 Page I Of 5640 Fremont Ave N FID# 01 1.18 21 0117 For C;el ,Monton LLC 2010 Board of Appeal and Equalization - �t x az +�.� -- -y Mrs \1 Report Name: Tmpavt�r Inquiry Printed. 4/1 Citv of BrookIvn Center .7 Taxpayer Inquiry Displa) PI IlQusg Nbr Street Nam Unit Zill Code "4 01- 118 -21- 32.0117 5040 Fremont Ave N 5543() Lag, 4 N �= c First Nam Nil w • Taxes Resident CIA, LLC Y Y N Fronts g Ltft Sift Bear Sid Right Side Eff, Width Eff, P_CaLh Prolxtty Ar Acreag Zoning P/S Exempt Code School Dis Watershed Yr Built 82 128 82 128 82 128 10,196 0,00 R 0286 15 1950 Year Ver 4subs Land Value Blde Valu Mach Value Tot Mkt Valu Tax Call HMsjd Midyr JkW rff YA O'A D M 2010 1 1 47,000 75,700 0 122,700 1.227 N N N R N 2009 1 1 58,900 74.3 0 133,200 1,332 N N N R 0 N 2008 1 1 60)00 100, OO 0 16 1,600 1,616 N N N R 0 N Lot: 009 Block: 002 Addition: Reidlicad's Addition, I lennepin County Minn. N 82 1 /2 FT .......... City of Brooklyn Center PID: 01.118•21-32-0117 Property Type: P • Value Info: Residential Field Card Property Address: 5640 Fremont Ave N Zoning: R1 Year!'Version 20 ' I Printed 04113!20 0 Lot I Block: 009 1 002 Dwelling Type, Smgie Family Land, 47,0 Assessment Year: 2010 Addition: Reidhead's Addition, Hennepin County Vin Owner(s): CEL MONTON LLC Bldg 7x , 700 Version I District: Total: 122300 Neighborhood- 0054 Exterior I st ddir R , Tota Model Garage #1 A rea l S qFt). 952 Kitchen Rtg Standard Interior, Interior: Res, Cond Good Placement Attached Type. Regular lnterior� Plaster Trim Trim Dwell Type Single Family # o f Cars, 2 Finished 50 Trim Hardwood Floor Floor Int. Layout. Standard Floor Area: 484 Duality: Very Good Floor Wood Avg Clear, Height: Avg. Clear Height: Adjacent Property Equal Condition Average # of Firep Avg Clear, Height: # of Fireplaces: # of Fireplaces Manual Assess: N Exterior Wails: Vi Fplc Ouality: # of Fireplaces. Fpfc- Quality FpIc, Quality; View, Equal Avg. Clear, Height: Fpfc. Quality, Actual Age: 1950 Elec, Svc: Standard Arch )Appeal: Average Garage 02 Htg Hot water, gas fired Effective Age: 1980 Walkout Quality, B07 Placement Walkout Quality, list Baihllk(#(Ouallity) 2nd Baths (#/Quality) 31 rd Balift'WOU Renovated Age; # of Cars: Spa: I spa I Spa: Shape L-Shaped Floor Area, Dlx: I Dlx: ( , Dlx: Functional W Condition: Full: I / Average Full. I Full: Style One LevelfRambler Exterior Walls. 3/4 314: 1 314 t Economic W 112: 1 112: 1 112: Construction: Wood Frame Porch Saiserrient Baths (#/qua L) Spa: 3f& M Count Exterior Walls: vinyl Glazed Area: DIX: IttRbOmCoOrit 1 Rom count Unfin 1st GBA` Quality. Fult Bedrooms, 2 Bedrooms Bedrooms: Unfin. 2nd GBA: Exterior Trim, Screened Area: 3/4: Baths: I Baths: Baths Unfin. 3rd GBA: Quafity. 112 1 Family: Other; Other: Unfin Total GBA, Open Area, Roof Type Hip Quality Living I Total Rooms Total Rooms Basement Room Count Dining 1 st Floor Area, 1,072 Roof Cover Shingles Kitchen: I 2nd Floor Area: patio, Bedrooms 2 Other, 3rd Floor Area: Window Type, 1- Double Hung Baths: Total Rooms: 4 Total GBA: 1,072 Patio I Area Family: Window Type 2 Quality Kitchen: Patio 2 Area Other: value: 1,000 Air Conditioning, No Quality: Total Rooms 2 Desc: EGRESS (2) Total R t,' Dormer Length-, Deck Famil Bedrooms: 4 L"'"' ow Baths; I Dormer Quality Deck, 1 Area, Y?, Quality, Date 07/0812008 Appraiser 0, 21 Apprai I s I er IR y 0 # Patio Doors: Deck 2 Area: Price; S68,000 Appraisal Date, 10/19/2009 Living. 1 Quality: Code: 15 Reason Permit Review Appraisal Date, Dining 0 Desc: Forced Sale Result: Exterior Kitchetv, 1 Last triterior Inspection, 0610411990 Reasory, Other: 0 P 00 1 1-1 Total 6 Pool I Area Result: Quality. Pool 2 Area Left Tao� Yes I No Quality: Amenities NEW WINDOWS 09PERM/StOING 2 EGRESS - PC, BSMT FINISH ASSUMED. LOGIS - Property Data System - City of Brooklyn &nter -:11FRes on BC Server> <:Wrogram F1(es%1og1s1PDS—cs> Property .I Howse Street Name Unit 1 Pw o(s) on ftte Today's date; 04M S1201 tr R 1 on file Rotes se. 1 ,07.041 E.(11 -118-21- 21 � 011 Ad+dre ss�_ LoW d on user'; KCA'STO y yy �,y i,y�yyy y� (� �h 7 F' 1a� en Vasty S e PIO 1 Parcel S earchr le� Print 4 View Photos � Farce{ status ACTIVE A Parcel Adminish*io n s t s r Parcel Information Assessor Comments a , D Clear Delete - _ Sales Repr i Parcel Grrvisuniry T emporaty PtD Updat M; „ Trial Sale ate: 07/08 v ; 1.y Ratio Ratio Assessment Year 7 Versiom 2t # 1 t ' Asses or Project Up& Assessor Inquire Sale trice >tlLifd 1,3 .5! OverrideAssessmer Year; ► T axpayer Inquiry Cash Equivalent. Override Version. p ' j ,Values Administration Valueslnlormatinn Type of Sate^ i 01 'Vr atran4 [lee w► 'To 44 1332W Herr Cour -Ay Trat or ales A atio Code: 15 Forced , a te , Homestead Update ` Last Appraised Year L Comments; LMV Update I ` Tax Capacities, Updae Value Notice File Sates Administration 7 - Sales Records Sales Information gate Price Casty Eqr. ` T j Ratio Cade Comments ks.Yr Vey ; C)v:"r r ' QY.Ver Sates Ratios fi►7r'[i�' �i �� N3 tl r 1 1 W_ tlJ'.3 .. _.. Comparables tntormati . .. i 03/01/2005 164,900- ,f� 0 01 9 26 2Gi05 - 1 0 _. MinMax Cedes _ .... I 1210 1 �,1 !1f �Il .. 11 0171 2005 1 . 0 U F'rice /T rme A,dirtstmen F 1 \&'eight Parameters 07, i1 <! tl �t t 1, 7 �t�1Ct ' � , 11 3t'� '3�� � 1 _ .. r � 0 _. ` Comparables Batch U 07/0 i2000 4 F 5 0 11 93 PAYOFF 2005 t 0 t1 : Property Characteristics 07/01/19ge 4F5�tt�t`' 0 11 99 ATTttFlhlE ' STATE 20C15 1 Lt 0_. x Land 05,111/1997 40,01"10 0' 11 99 ESTATE SALE Inspections Residential Commercial IrKkntde Muki- Family Field Card Print + ;; CA.M,A + L�j Assessment Projects Special Assessments . �r�arrh Rqlorl Nanic: Permit List City of Brooklyn Center Prime& 0-1:09 Permit List loge: I Permit Fist for. 5640 Fremont Ave N ft "mi # UO! YAlic ftEMA11a wMan Work'13pc AM " � Awful WMAX, L01 1w Bt, o3o *Ism MM, RmWmal T"k I =0 R"Wa RMhu mMg W21 Dos 11' 19""2009 f4( 0,6 $4,290 %Ivchanw it hmnacc Rcpfax INSTALL N! %V (NAMMS (WINWR FURYVT AND Dt )17M W , IKUT55 S5(m Plumlwmp, Rx"idoltial Rtonc OAS t MHJ- 06/2419 f I t,06 $0 55 Buddinj; Rcstd-nflal[Sm!�Ic Faniii Replo'c TFAR-014 10,20 19" 6 IRMSMAR Perodt Count: 4 CITY OF BROOKLYN CENTER LICENSE INFORMATION License Information: License Number: 01004202 License Status. A License Type: Rental 0. License Location: Business Applicant: Company: Douglas Allen Wahl 4 -,4 Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis ' , Business State: MN 10 Business Zip: 55418 7Q Telephone: 6127828888 Assigned Dates: Applied: 9/2/2008 Inspected: 9/19/2008 council: 11/10/2008 ry Issued: 11/12/2008 Expiration: 9/30/2010 Apr 09 2010 12 :57PM HP LASERJET FAX p.1 w CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUAL17 -ATION 2010 Assessment APPLICATION FOR APP March 19, 2010 through April 9, 2010 You must return this application by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Narn Z_< Daytime Contact Number- lei -� � - "eSIS Property Address 7' - .44 A l Property Identification Number Assessor's 2010 Estimated Market Value C Is your property residential, commercial or multi - family? tf you are appealing a commerc }al, mufti- family or residential rental property you must include income End expense data for calendar year 2009 with your application, What is the reason you are appealing your 2010 assessment? / �r When did you purchase your home? Date of Purchase -r Purchase Price Did you purchase your property from a bank, as a foreclosure or short sale? Has your property physically changed 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? L! e If so, what was the determination of value ? +r' ^"�" /-.x:a What do you think the market value of your property should be? _ j 7 Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation an gypofntmeht to view the property Wilf be rec7uired Apr 09 2010 12 :57PM HP LRSERJET FAX p•2 a Comparative Market f*riday, April 9, 2010 Summary of Comparable Listings This page summarizes the comparable listings contained In this market analysis. Sold Listings Address Prlav Bda 6th TF9F $154 Built Style Sold Date DOM CDOM SK 5350 James Avenue $83,000 5 2 2062 $40 1854 ONEST 08/21/2008 8 187 5524 Dupont Avenue $25,000 1 1 491 $51 1947 ONEST 09/24/2009 23 39 5651 Girard Avenue $25,000 1 1 764 $33 1950 ONEST 09/15/2009 135 $19 5327 Colfax Avenue $37,000 2 1 850 $57 1941 QNEST 07/28/2009 65 65 5409 Fremont Avenue $29,000 2 1 772 $38 1920 ONEST 11/18/2008 112 112 54420 Emerson Avenue $42,085 4 2 1400 $30 1841 ONEST 08/12/2008: 40 40 5$21 Humboldt Avenue $41,000 3 1 1126 $36 1853 ONEST 07/20/2009 41 230 5826 Fremont Avenue $55,000 3 1 1085 $50 1950 ONEST 01/22/2010 28 28 5637 Irving Avenue $75,000 3 1 976 $77 1955 ONEST 0$11612006 41 41 5838 James Avenue $59,900 2 1 988 $81 1954 ONEST 08/2912009 11 11 5701 Emerson Avenue $66,000 4 2 1504 $43 1952 QNEST 08/1$12009 12 12 5819 Knox Avenue $55,000 3 2 1825 $34 1955 ONEST 06/05/2009 42 144 5406 Colfax Avenue $68,000 3 1 1040 $65 1958 ONEST 07/01/2008 4 4 6537 Camden Avenue $84,000 3 1 1066 $79 1857 ONEST 0611812009: 81 350 5425 Humboldt Avenue $55,000 4 1 1630 $40 1855 ONEST 10130/2009 14 14 1208 67Th Avenue $52,617 3 2 1462 $43 1953 ONEST 07123/2009 21 205 5508 Fremont Avenue $80,000 3 2 1800 $50 1856 ONEST 06/20/2008 42 42 5800 Irving Avenue $74,900 2 1 1383 $54 1855 ONEST 02/2512010 2 2 5712CoIfax Avon us $86,300 3 1 912 $95 1955 ONEST 11/17/2008 7 7 6413 Logan Avenue $79,900 3 2 1730 $46 1954 ONEST 08/07/2008 60 60 5431 Irving Avenue $88,500 3 2 1405 $83 1955 ONEST 03/09/2010 11 34 5410 Girard Avenue $105,000 3 1 1196 $88 1932 ONEST 02/26/2010 7 7 5835 Aldrich Avenue $105,000 4 2 1785 $59 1931 ONEST 1112512009' 40 230 5843 Emerson Avenue $115,000 2 2 1290 $69 1851 ONEST 08130/2008: 3 3 5344 James Avenue $92,500 3 1 1612 $57 1854 ONEST 03/03/2010 e3 110 5707 Girard Avenue $106,000 3 2 1778 $60 1952 ONEST 02/2512010. 11 385 5401 James Avenue $97,440 2 2 1300 $75 1954 ONEST 07/23/2009 48 48 5350 Knox Avenue $100,000 3 1 1 1100,00( 1954 ONEST 11/17/2009 100 10D 5328 Emersor Avenue $109,000 2 1 936 $116 1938 ONEST 10/23/2009 181 547 5828 Fremont Avenue $55,000 3 1 1095 $50 1950 ONEST 02/0212010 3 j 5828 Logan Avenue $107,500 2 1 775 $139 1961 ONEST 0311812010 18 64 5840 Knox Avenue $112,000 2 2 645 $119 1950 ONEST 02/28/2010 57 57 5630 Fremont Avenue $122,000 3 2 1869 $85 1956 ONEST 12/30/2009 19 19 6631 Dupont Avenue $110,000 3 1 1128 $98 1955 ONEST 07/3012009 22 195 1208 57Th Avenue $120,000 3 2 1462 $82 1853 ONEST 03/01/2010 39 39 5449 Colfax Avenue $122,450 3 2 1874 $85 1935 QNEST 0111212010, 188 16$ 5419 Irving Avenue 5127,425 3 1 1878 $88 1955 ONEST 11/13/2009 28 28 5320 Colfax Avenue $117,000 3 1 1414 $83 1947 ONEST 1213012009 36 36 5515 Bryant Avenue $131,000 3 1 1491 $85 1955 ONEST 12/28/2009 56 56 5909 N Emerson Avenue $138,000 2 2 1106 $125 1950 ONEST 08/30/2009 177 177 Averages: $84,338 2.8 1.4 1206 $2,688 1960 47 108 Hpr UU eUlU 1e: b'll'M HN LHbERJt I FHX P. j 1:00 PM 5739 James 04!09110 Profit & Loss Gash Basis January through December 2000 Jan - Dec 09 Ordinary IncometExpense Income 4100 Rental Income 1,250,00 4200 Fee Income 4260 - Appllcatlon Fees 25.00 Total 4200 - Fes Income 25,00 Total Income 1,275.00 Expense 5300 Repairs 6,259.33 $400 Utllitles 6460 • Trash Removal 368:68 Total 3400 • Utllltles 368.68 8200 - Taxes 6230 - Property Taxes - 177.83 Total 6200 - Taxes -177.83 Total Expense 5,449.08 Net Ordinary Income . 4,174, 08 Not Income . 4,174.09 R #8s 1 4 Review Of 5739 James Ave N PID# 02 118 2114 0033 For Rifive Investments LLC 2010 Board of Appeal and Equalization a r� 4 4 � A u _ Report Name: Taxpayer Inquiry City of Brooklyn Center Printed: 4/15/2010 Taxpayer Inquiry Page: l Display PID House Nbr Street Name Unit Zip Code 02- 118 -21 -14 -0033 5739 James Ave N 55430 Last Name First Name MI Owner Taxpayer Resident Rifive Investments LLC Y Y N FrontaLy e Left Sid e Rear Side Right Side Eff. Width Eff. Depth Property Area Acreag Zonin P/S Exempt Code School Dist Watershed Yr Built 75 135 75 135 75 135 10,125 0.00 R1 0286 15 1952 Year yer #Subs Land Value Bldg Value Mach Value Tot Mkt Value Tax Ca Hmstd Midvr Rel H P/T % wn P/C 2010 1 1 47,000 86,900 0 133,900 1,339 N N N R 0 N 2009 1 1 58,900 85,900 0 144,800 1,448 N N N R 0 N 2008 1 1 60,900 111,500 0 172,400 1,724 Y N N R 100 N Lot: 001 Block: 000 Addition: Bergstrom's Addition I I ZG?12i1 `d uny of tjrooKlyn tenter PID: 02- 118 -21 -14 -0033 Property Type: R - Residential Value Info: Residential Field Card Property Address: 5739 James Ave N Zoning: R1 Year/Version: 2010/ 1 Printed: 04/13/2010 Lot / Block: 001 /000 Dwelling Type: Single Family Land: 47,000 Assessment Year: 2010 Addition: Bergstrom's Addition Owner(s): Rifive Investments LLC Bldg: 86,900 Version: 1 District: Total: 133,900 Neighborhood: 0054 ... "k° .. "F' .::... ,. a. i .. Exteriar .1. r� Ettfet'lbr 2 � ���� B�settlefit•:, : �� ... 1'scSoT r r:: � ,; �.. -. ; . . Fioor . �r�l.Floor �o�l� =. "NO Model: Garage #1 Area (SgFt): 832 Kitchen Rtg: Stand and Interior: Sheetrock Interior: Res. Cond. Average Placement: Detached Type: Regular Interior: Plaster Trim: Painted Trim: Dwell Type: Single Family # of Cars: 2 Finished ( %): 50 Trim: Hardwood Floor: Carpet Floor: Int. Layout: Standard Floor Area: 484 Quality: Average Floor: Wood Avg. Clear. Height: Avg. Clear. Height: Adjacent Property: Equal Condition: Average # of Fireplaces: Avg. Clear, Height: # of Fireplaces: # of Fireplaces: Manual Assess: N Exterior Walls: Vinyl Fplc. Quality: # of Fireplaces: Fplc. Quality: Fplc. Quality: View: Equal Avg. Clear. Height: Fplc. Quality: Actual Age: 1952 Elec. Svc: Standard Arch. /Appeal: Average Garage # Htg: Forced air, gas fired Effective Age: 1980 Walkout: Quality: B06 Placement: Walkout Quality: tsY aft (# /Quality) li d" � A s�,( # /CJUAIify) 3rc� tats (#1 14) ?, Renovated Age: # of Cars: Spa: ! Spa: / Spa: / Shape: L- Shaped Floor Area: Dix: / Dix: / Dix: / Functional %: Condition: Full: 1 / Average Full: / Full: / Style: 1 1/4 Exterior Walls: 3/4: / 3/4: / 3/4: / Economic %: Construction: Wood Frame Basement Baths ( #%a),). 1/2: / 1/2: / 1/2: / Parch Building Areas Spa: / Glazed Area 1st Rabrn C e n d Room "Count Ord Raism Cour Unfin. 1st GBA: Quality: Exterior Walls: Metal Dix: / Unfin. 2nd GBA: Full: / Bedrooms: 2 Bedrooms: 1 Bedrooms: Exterior Trim: Screened Area: 3/4: 1 Baths: 1 Baths: Baths: Unfin. 3rd GBA: Quality: 112: / Family: 1 Other: Other: Unfin. Total GBA: Roof Type: Gable Open Area: Living: 1 Total Rooms: 1 Total Rooms: Quality: Dining: 1st Floor Area: 1,056 Basement Room Count Kitchen: 1 2nd Floor Area: 320 Roof Cover: Shingles Bedrooms. Other: 3rd Floor Area: Patio Baths: Total Rooms: 5 Total GBA: 1,376 Window Type 1: Double Hung patio 1 Area: Family: 1 Window Type 2: Gliders Quality: Kitchen: FIItY�lue; Patio 2 Area: Other: Value: Air Conditioning: Central Quality: Total Rooms: 1 Desc: "Cotal Raorns Dormer Length: 6 heck Bedrooms: 3 �`` �.. �_H Baths: � 1 Deck 1 Area: 224., �_, �. �. Dormer Quality: Average ate: 10/15/2009 Appraiser ID: 18 Appraiser Family: 2 D Quality: Average pp ppraiser ID.~ Living: 1 Deck 2 Area: Price: $1 Appraisal Date: 08/01/2008 # Patio Doors: 1 Dining: 0 Quality: Code: 23 Reason: Quintile Review Appraisal Date: Desc. Sale < Min $Amount Result: Exterior Kitchen: 1 Other: 0 Last Interior Inspection: 08/02/1999 Reason: Total: 7 Pool 1 Area: Result: Quality: Pool 2 Area: Left Tag: Yes / No Quality: Comments MFSF. HEADER PUT IN TO SUPPORT THE KITCHEN AREA WHICH WAS OPENED UP TO FAMILY ROOM. ADDED EATING BAR, SOME Amenities UPDATING TO KITCHEN, F= TEMPSTAR NO RESPONSE, ASSUMED Bank Property /Assumed 09. 09ROOF & SIDING REPAIR LOGIS - Property Data System - City of Brooklyn Center <Ffles on BC Server> <C:Trograrn FitesM_og1sTDS_cs> Property ID House# Street Name" Unit 1 Photo(s) on file -- Today's date: 04408.2010 1 Sketch(es) on file Release: 1,07.041 02- 118.21 -14 -0033 Address: 5738 J amr's A Logged on user: KCAStO (Assessing - Karen Casto (PDS Single PID 1 Parcel Search 2 dear 3 Print 4 Views Photos Parcel Status: ACTIVE Assessor Project Updt } . 14 Assessor Inquiry Sates Information Taxpayer Inquiry Save Clear Delete Sales Report E,l EA Values Administration Values information Trial Sale Date: 10/1512009 �.�► % Ratio, Ratio Assessment Year / Version: 201011 Hennepin County T rat " Homestead Update �' Sale Price: 1 13390000 Override Assessment Year. 0 Last Appraised Year L; .: Cash Equivalent: _ Override Version: fo LMV Update Tau Capacities ,Updab Type of Sale: 07 - Quit Claim De Tot Mkt: 33,900 Value Notice File � = Sales Ratio Code: 23 Sale < Min $ Amount ( Sales Administration Sales Information Comments: _ Sales Ratios Comparables lnformati " ', MinMax_Codes i PricelTime Adjustment I 5 - Sales Records Weight Parameters j u Date Pe Cash E Price uiv Type Ratio C ade Comm ents } ric q T l �' As Y€ Ver I Ov Yr ! 0v.Ver Comparables Batch U i 1 011512009 1 07 23 ( 2010 1' 0! 0 Property Characteristics Land 1 071071 47,000 0 01 15 2010 11 0' 0 Inspections 1 09 0112002 150,000 w 11 99 t 2005 1 ' 0 , 0 ! l 09/0111991 68 900 1 0 11 . 00 , P_0 2005 - _ 1 _ 0 _.._ 0 Residential - _ - - -- — _ Commercial l Industrie 08101/1975 35,900 0 11 00 FRO PA MLS 2005 1 ` n! 0 Multi- Family Field Card Print CJ CAMA [E L l Assessment Projects 1 -1 A Special Assessments Search Master Information Comments Flags Mass Add '�V Macy (nmmPntc I Inrlp "v'1 < l �! Report Name: Permit List City Of Brooklyn Center Printed: 04/08/2010 Permit List Page: 1 Permit List for: 5739 James Ave N Permit # Unit Value Permit Type Sub Type Work Tvoe Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BCO39114 $750 Building Siding/Soffit/Fascia Replace REPAIR ROOF ON 08/28/2009 FRONT OF HOUSE & REPLACE SIDING BC012997 $3,500 Building Residential Single Famil Replace TEAROFF /REROOF 06/23/1999 08/24/1999 BC008291 $780 Building Residential Single Famil Remodel /Alteration INSTAL MICRO 07/24/1997 10/24/1997 HEADER BC008266 $150 Plumbing Residential Replace DISHWASHER/SINK 07/22/1997 10/24/1997 BC003809 $2,900 Mechanical Furnace Replace FURNACE & A/C 08/17/1994 08/31/1995 BC003511 $1,200 Building Residential Single Famil Addition DECK 06/15/1994 08/09/1995 Permit Count: 6 i �I I CITY OF BROOKLYN CENTER LICENSE INFORMATION PID: 0211821140033 License Information: License Number: 01004722 License Status: A License Type: Rental License Location: Business Applicant: Company: Douglas Allen Wahl Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN Business Zip: 55418 Telephone: 6127828888 Assigned Dates: Applied: 8/28/2009 Inspected: 9/17/2009 Council: 11/9/2009 Issued: 11/10/2009 Expiration: 8/31/2011 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 201 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 8, 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. 11 Name(s) / /� �L-- Daytime Contact Number: Z��Oy Property Address .'�� Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi- family? if you are appasting a commercial, multi- family or residential rental property you must include income and expense data for calendar year 2009 with your appllcatfon. What is the reason you are appealing your 2010 assessment? /- / ,�+ ' / & � 4 /V' !�.- �/J,R�'./ lJ, +,J't �r A ,4 � /.rl ` , ''� V44 I v"L t� f.�' When did you purchase your home? Date of Purchase _- _ / _ .-c Cf ` Purchase Price 4 -g.° { Did you purchase your property from a bank, as a foreclosure or short sale? Has your property physically changed since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estirnaW cost. i Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? e If so, what was the determination of value? '' Rr� ��.��� M, Zc' cS What do you think the market value of your property should be ? ,��, Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application, Iri order to appeal your valuation an appointme'.nt to view the property will be required ti • • • r May. April 9, 2010 Summary of Comparable Listings This page summarizes the comparable listings contained In this market analysis. Sold Listings Address Price Bde Bth TF8F $1Sq Built Style Sold Data DOM CDOM S= 5360 James Avenue $83,000 5 2 2052 $40 1954 ONEST 08121/2009 6 187 5524 Dupont Avenue $25,000 1 1 491 $51 1947 ONEST 09/24/2009 23 39 5651 Girard Avenue $25,000 1 1 764 $33 1950 ONEST 0911512009 135 319 5327 Colfax Avenue $37,000 2 1 650 $57 1941 ONEST 07/28/2009 65 65 5409 Fremont Avenue $29,000 2 1 772 $36 1920 ONEST 11/16/2008 112 112 5420 Emerson Avenue $42,095 4 2 1400 $30 1941 ONEST OS/12/2009 40 40 5821 Humboldt Avenue $41,000 3 1 1125 $36 1953 ONEST 07/20/2009 41 230 5828 Fremont Avenue $55,000 3 1 1095 $50 1950 ONEST 01/22/2010 28 28 6637 Irving Avenue $75,0D0 3 1 976 $77 1955 ONEST 09/1812009 41 41 5836 Jam ea Avenue $59,900 2 1 968 $61 1954 ONEST 08129/2009 11 11 5701 Emerson Avenue $65,000 4 2 1504 $43 1952 ONEST 0811812009 12 12 5819 Knox Avenue $56,000 3 2 1825 $34 1855 ONEST 06/05/2009 42 144 5406 Colfax Avenue $68,000 3 1 1040 $65 1958 ONEST 07/01/2009 4 4 5537 Camden Avenue $84,000 3 1 1065 $79 1957 ONEST 06/18/2009 61 350 5425 Humboldt Avenue $55,000 4 1 1830 $40 1955 ONEST 1013012009 14 14 1208 57Th Avenue $62,617 3 2 1482 $43 1953 ONEST 07/23/2009 21 205 5508 Fremont Avenue $60,000 3 2 1600 $50 1956 ONEST OB12OP2009 : 42 42 5600 Irving Avenue $74,900 2 1 1383 $54 1955 ONEST 02125/2010 2 2 5712 Colfax Avenue $88,300 3 1 912 $95 1955 ONEST 11117/2009 7 7 5413 Logan Avenue $79,800 3 2 1730 $4B 1954 ONEST 08107/2009 ; so Bo 5431 Irving Avenue $88,600 3 2 1405 $53 1955 ONEST 0310912010 11 34 5410 01rard Avenue $105,000 3 1 1196 $88 1932 ONEST 02128/2010 ! 7 7 5535 Aldrich Avenue $105,000 4 2 1785 $59 1931 ONEST 1112512009: 40 230 5843 Emerson Avenue $115,000 2 2 1290 $89 1951 ONEST 09/30/2009 3 3 5344 James Avenue $92,600 3 1 1612 $57 1954 ONEST 0310312010 ; 63 110 5707 Girard Avenue $106,000 3 2 1778 $60 1952 ONEST 02/25/2010 11 385 5401 James Avenue $97,440 2 2 1300 $75 1954 ONEST 07123/2009 48 48 5350 Knox Avenue $100,000 3 1 1 1100,00( 1934 ONEST 11/17/2009 100 100 5328 Emerson Avenue $109,000 2 1 938 $116 1938 ONEST 10123/2008 ! 191 547 5828 Fremont Avenue $55,000 3 1 1095 $50 1950 ONEST 0210212010 3 6626 Logan Avenue $107,500 2 1 775 $139 1951 ONEST 03/18/2010 18 64 5840 Knox Avenue $112,000 2 2 945 $119 1950 ONEST 02/26/2010 57 57 5630 Fremont Avenue $122,000 3 2 1869 $66 1966 ONEST 12/3012009 I 19 18 5831 DupcntAvenue $110,000 3 1 1126 $98 1955 ONEST 07/3012OD9 22 166 1208 57Th Avenue $120,000 3 2 1462 $82 1953 ONEST 03/01/2010 39 39 5449 Colfax Avenue $122,450 3 2 1874 $65 1935 ONEST 01/12/2010 1 188 188 5419lrvingAvenue $127,425 3 1 1878 $58 1955 ONEST 11/13/2009 28 28 5320 Colfax Avenue $117,000 3 1 1414 $63 1947 ONEST 12/3012009 36 36 5615 Br Avenue 000 3 1 1491 $88 1955 ONEST 12/28/2009 i 56 56 rY $ 131 , $ 106 000 2 2 136 5909 N Emerson Avenue $ 1 $125 1950 ONEST 09/30/2009 I 177 177 Averages: $84,338 2.8 1.4 1266 $2,666 1960 47 10a MEMO P W-R-r-, CEL Monton, LLC Profit & Loss 3542 IRVING Jan - Dec 06 Ordinary Inrgrnv(:xpenss Expense 8100 • Insunenoo 5110 - Property Insurance 213.87 Total 5100 - Insurance 213.87 6800 - Repairs 2,378.18 7040 • Licenses and Permits _ 600.00 Total Expenae 3,492.03 Net Ordinary Income - 3,492,03 Not Income -3,492.03 Page 1 Y 10:20 AM RiFiVB 2008 04109110 Profit & Loss Cash Basis 5542 Irving Jan - Dec 09 Ordinary IncomslExpanse Expense 6000 - Materials 516.27 Total Expense 515,27 Not Ordinary Income - 315.27 Net Income •515.27 Rage 1 t Of 5542 1 rving Ave Pl1 }# 02 11 21 4 0021 For Rifive Investments LLC`° 2010 Board of Appeal and Equalization Z i" k 4 � � FF ' til� l ,lk� PI Y C 1 J-, -, 3 e i Report Namer Faxpa \er Inquiry City of Broo Center Printed- 4"15211M 1'a�Te. 1 Taxpayer Inquiry �►�a 1 House Nb S sect Name Zip Co ( t12- 118 -21 -41 -0021 554 2 Irvin =a A� e N 55430 Lost Nam e First Name I Owner Taxpayer Resident Ril ive 11C ": Y Y N Front � Wc Hear de R Si EL Width M DeM Property Area A r ag Z it -- P/S LxcVt !Lgde School Dist Watershed Y r Bu ilt 82 120 12 12(1 0 120 9,840 OM R 1 0286 15 1955 year Ver #aujg Land alue Bldg Yalue Mach Yalu lot Mkt Valu TAx ms( Mid) C Rd H T "..lax n 20110 1 1 47,0tl0 72,500 0 119500 1,195 N N N R 0 N 2009 1 1 58,900 74, - 0 133,400 L334 Y N N R 100 N ' 1 1 60.900 1 00,200 0 161.100 1,611 Y N N R 100 N Lot: 008 Slack: 001 Addition: Flipjis Second Addition I aM �r ° I City of Brooklyn Center PJD: 02-118-21-41-0021 Property Type: R - Residential Value Into Residential Field Card Property Address: 5542 Irving Ave N Zoning: RI YeanVersion 20101 1 Printed 041 Lot I Block: 008 / 001 Dwelling Type: Singie Family Land 47,000 Assessment Year: 2010 Addition; Hipps Secc,r Addition Owner(s) RiFive LLG 130g, 72,500 Version, 1 Distrfct: Total 119,600 Nelghborhoo& 0054 2n4FI64`­ 3 Model Garage #,I Area (SqFt) 977 Kitchen Rig Standard lnterior_ Interior. Res- Cond Average Placement Detached Type: Regular Interior Sheetrock Trim Trim: D,vevrype Single Family # of Cars: 1 Finished 25 Tom Hardwood Floor: Floor Int. Layout Standard Floor Area 352 Quality Very Good Floor Wood Aug. Clear. Height: Aug Clear, Height Ad)acent Property: Equal Condition Average # of Fireplaces: Avg, Clew Height # of Fireplaces: # of Fjreplaces° Manual Assess, N Exterior Walls: Wood Fp1c, Quality # of Fireplaces FpIc, Quality Fpic, Quality, View Equal Avg, Clear, Height Fptc, Quality: Actual Age: 1955 Etec, Svc: Standard Arch /Appeal: Average Garage #2 Htg: Forced air, gas fired Effective Age: 1980 Walkout: Quality: B07 Placement� Walkout Quality, Ut�si�ths(#/Qual4) 2nd Baths (*Quality) 3rd Baths (#/Quaiffty` Renovated Age, # of Cars, Spa: i spa Spa Shape Square Floor Area Dlx; i Dix: Dfx: I Functional %: Condition., Full, I / Average Full: I Full Style One Level/Rambler Exterior Waifs: 314: 1 314: 1 314, J Economic %, 112 112 1/2 Construction Wood Frame Basement Baths'(W10a4l), Porch Spa: gulldtrvgAreai'111'' Exterior Walls: Metal Glazed Area: Dix: 1 t at Room Count Ind Room Count Ud Room Couiot Unfin 1st GBX Quality. Full t Bedrooms, 3 Bedrooms Bedrooms- Unfin, 2nd GBA Exterior Trim Screened Area, 314: I / Average Baths, 1 Baths Baths: Unfin 3rd GBX Quality, 112 1 Family. Other Other Unfin Total GBA: Pool Types Gable Open Area Living: 1 Total Rooms Total Rooms Quality. Basement Room Count Dining, 1 st Floor Area 977 Roof Cover Shingles Kitchen. 1 Roof Floor Area: Bedrooms 1 Other 3rd Floor Area, Window Type 1 Double Hung Patio Baths I Total Rooms? 5 t Tot at GBA: 977 Patio I Area'- Family, Window Type 2; Quality, Kitchen: Value Gliders Patio 2 Area. Other Value: 500 Air Conditioning Central Quality, Total Rooms: 1 Desc: EGRESS Total etc 6me , Dormer Length: Bedrooms: 4 "o ffil", Baths 2 POP F" nsped 0* Family 0 Dormer Quality: Clerk I Area Quality, Date: 10122/2009 Appraiser ID 18 Appraiser ID, Living: 1 # Patio Doors: Deck 2 Area: Price. S42,000 Appraisal Date; 08120/2008 Dining 0 Quality: Code- 26 Reason Quintile Review Appraisal Date: Desc Not Open MKT Result. Kitchen: I Last Interior Inspection, Reason Other 0 Total: 6 Pool Pool I Area Result Quality Pool 2 Area, Left Tag Yes I No Quality: Comments Amenities NEWER WINDOWS, MFSF. BSMT FIN SPRAYED CEtL 8 SHRK EGRESS=F AC PER MLS, - Pro perty LOGIS of Br ooktyn Center efiles on <. r , r ox t " Po `opet ID How Street a t rd .:. 'mac 1 on file Today' date;" 0�3r MI A< 1 etchtds fib Release: 1,07,041 0 C1U21 � Ar s, 5� � �, � � Logged user< KCASTC (As. s - Karen 'Cast+ tPDS 3 of 4 ► 1 Parcel Bearch Cleara� "rirrt 0view Photcss Parcel Stattm ACTIVE Patcel A.dr istration " " P M Sates arcelWormaton Inf o Assessor Comments Q Sage r-je I di ''Sales LL ales Report Parcel'Divisioning . _ ....... Temporary PID Updal f�a# 10, Tri Assessor Project Upda , ".M. Ratio Ratio Assessment Year 1 �' r. 2010 Assessor Inoty Sale Prim � 42,000 28-4,5 _ Override Assessment Yw ' Tagpayer Inquiry Cash t4uivalent; �w. � Override Versions f Values Administtall Values I nformation, rmation, Type of, ate: 01 Af arr arAy D ee v Tot M k t: Hennepin Cour kv "Tt* Sales Flatro Code: Not Ope MKT Homestead update Last Appraised gear, L COmmenty, x LMV Update t Tax Capacities UpdatF Value Notice File Sales Administration 2- Sales Record Sales Information, Gate ; Prue ' Cash e E cirr T Rao Code Comments AtYt Ver ; Ov,Yr OvNer ^ ales €� atio$ � _ _ ? _.... �., 1 p tlrl # t r r 0 01 t 21110 1 t it Ccimparables lnformati _�__...., _.. _... 01 ,'(71110 3 1;�CL 0 0 11 1 rl 20105 1 Q 0 ' M oM ax_Coc s ' Ptice /T Adju trrten ' Weight Parameters Comparabfes Batch U Property Charactecati" ' band Inspections fle1i«ntial Commercial Indlustri€ Mrrki•Family " Field Card Print LJ LAMA Lj assessment Projects '.. Special Assessments Repon Name: MR I At City of Brooklyn Center llrintc& 04/08 �20 10 Permit List Pa I Permit List for: 5542 IRVING AVF N I!Anmiltlt U�ljt YA" nVoula A—st A- I J U9 Wouk'fvnr lius �rjfion UMMUT! h _Pvc jjw?vwc IMMAALM Sl,()60 Flectirical %Ms r AND W I ER 02d 7/2f9jo 0. 16 S at: KUT 11 ('02 7? - S7 4 3 Ht thfing RcAdenlial Iimple 1 <ac7ii Pcpl-pce CtEPT A{ Ti If) (M/I XGUM5 To 13 =6 WMI&M 5w) IWIMNP Residamal Single WO ReMace A It ITRY MS AND rwIVIY'2006 WRAPS $1,21 Plumbing Roidential NKWWO HMF*Nl(,',NT IIAI It S4jnn MW&W R"WMAJ Sitqtdc I'MTW (14104 0t,'1 "'2000 RATIWt "OM HE A! 2075 S30M HW&T Widential Single Farnii Rcphcc SUM OW23°is09 02124.200 M'0106,42 S1164 Bui4ding ResidenoW Smple FmnO RqMcc OW2011 WS 07,1519()() Pernift Cmint. 7 ill CITY OF BROOKUYN CENTER. LICENSE INFORMATION P10, 02118214100- ...... ............. . ... .. . .... License Information: License Number: 01004868 License Status: A L,;, License Type: Rental 12 License Location: 1 - 4 Business Applicant: I" Company: Douglas Allen Wahl Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN i,d Business Zip: 55418 Telephone: 6127828888 Assigned Dates: Applied: 11/20/2009 Inspected: 11/3012009 UJ' Council: 12/14/2009 i Issued: 12/15/2009 Expiration: 11/30/2011 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL. March 19, 2010 through April 9, 2010 You must return this application by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7 ;00 P.M, Name(s) .� t Daytime Contact Number; Property Address Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi - family? Jf you are appealing a commercial, multi - family or residential rental property you must include income and expense data for calendar year 2008 with your application. What is the reason you are appealing your 2010 assessment? • Ff CN � 1 ' I / r' 1 �t / / e ,� lr " r i f � �'F &I l7XK+' 2 f /Y Cry n /L — When did you purchase your home? Date of Purchase - C t Purchase Price - Did you purchase your property from a bank, as a foreclosure or short sale? I A _ Has your property physlcally changed since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. JVJ Have you had a recent appraisal for refinancing, puras market analysis by a reel estate agent completed within the last year? Yes r If so, what was the determination of value? �.f+ . l� �S I !'�1 !X � Lam" �(�e.(� �/� ! r� ' �.-# rr r+ ,Cj r/'— a What do you think the market value of your property should be? ���/e_ 4W15 Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. in order to meal your valuation an appointment to view the propert will be required I I GEL Monton, LLC Profit & Loss 6310 KNOX Jan - Doc 08 Ordinary IncomelExpense Income 4100 - Rental Income 5,332.00 4200 • Fee Income 4220 Late Fee income 40.00 Total 4200 - Fee Income 40.00 Total Income 5,372.00 Expense 8000 Filing Fees 504.00 6100 Insurance 5110 • Property Insurance 641.14 Total 6100 • Insurance 841.14 5200 - Interest Expanse 6220 • Loan Interest 3,954.13 Total 3200 - interest Expense 3,964,13 6300 • }Zepalra 400.00 6400 • Utllltles 6410 Gas 16.30 5420 Water 576.49 Total 5400 - Utllltloe 691.79 !1000 - MATERIALS 037,06 8200 • Taxes 6230 , Property Taxes 1,576.80 Total 6200 • Taxes 1,576,60 7040 - Llwnsss and Permits 105.99 7000 , Property Melntenance 420.90 Total Expense 8,141,61 Not Ordinary Income - 3,788,81 Net Income - 3,750.51 Page 9 Tte��ie�� Of 5310 knot Ave PIDO 02 118 21 44 0062 For C °+el Monton LLC 2010 Board of Appeal and Equalization -�� K_a �u x a� k. WL p�` +c �IiIQ i Report 'Name Faxpaver InqmIA Printed: 4 15 20 10 City of Brooklyn Center Taxpayer Inquiry Display I'll) House Nbr Street Name Di ft Zip Code (±4J 02-118-21-44-0062 1 Knox Ave N 55430 Last Name Firs t Nam pbs " c r "i` sc Resident Cel Montoll 1,1.1' Y Y N Frontagg t Rear Side Righj,� idc MWidth EMPsjgh Property Area Acreag Zonin n/S Exempt Cody SichoolDist Watershed YrRuilt 50 1 it) 50 IN 50 11 5,Q50 0.00 R ? 0286 15 192 Yew YU # u U) Land Valu Bldg Value Mach Vale Tat M Va iu 'rax Cap H 3 td hjjd,tij R" El %own P/c 47,000 44,000 0 91,000 010 N N N R 0 N 2 9 1 1 58,900 48,300 0 107,200 1M7? N N N R N 2008 1 1 58,000 62,100 0 12 1,'01 Y N N R 100 N Lot: 009 Block: 003 Addition: Ilumbolt Addition City of Brooklyn Center PID: 02-118.21-44-0062 Property Type: R - Residential Value Info Residential Field Card Property Address: 5310 Knox Ave N Zoning: R2 Year,(Versil 20101 1 Printed 0411312010 Lot I Block: 009 1 003 Dwelling Type' Single Family Land 4 7 000 Assessment Year: 2010 Addition: Humbolt Addition Owner(s).' Cel monton LLC 81da 44,000 Version I District: Totat 91,000 Neighborhood: 0054 Esrt8rlot "1 A 0 2 or g gridr`I oor Totals TA Model Garage #1 Area (SqFt): 572 Kitchen Rtq' Standard Interior, Interior Res, I Cond. Average Placement. Detached Type: Regular Interior Plaster Trim: Trim: Dwell Type. Single Family # o f C 1 Finished 50 Trim: Painted Floor: Floor. Int. Layout: Standard Floor Area: 240 Oualrty Average Floor Carpet Avg, Clear, Height: Avg, Clear, Height Adjacent Property Equal Condition Average # of Fireplaces: Avg, Clear Height # of Fireplaces # of Fireplaces: Manual Assess. N Exterior Walls Wood FpIc. Quality # of Fireplaces: FpIc. Quality: FpIc, duality: View, Equal Aug, Clear, Height FpIc, Quality: Actual Age: 1923 Elec. Svc, Standard Arch/Appeal. Average Garage #1 Htgr Gravity, oil Effective Age, 1980 Walkout, Quality: BOO Placement Walkout Quality Ist, 13athi (00uallty) 2nd Sathi (00U8111y) 3rd 88 ths'OlQuilIfOr Renovated Age� # of Cars. Spar, I Spa Spa I Shape: Square Floor Area. Dfx- f DIK 1 DJx I Functional W Condition Fult 1 I Average Fult I Fult Style: One LevelfRambler Exterior Walls: 314: 1 314 3, t Economic %- 1/2: 1 112: Construction: Wood Frame Forth has #ttiaittaCt2tt Spa: building Aire a Exterior Wails Other Glazed Area. 108 1 st kootii Count lhd Room Count 3rd Room Count Unfin, 1 st GBA Quality Average Bedrooms 2 Bedrooms, Bedrooms Unfin, 2nd GSA: Exterior Trim Screened Area 3/4: 1 Baths I Baths: Baths: Unfin, 3rd GBA Quality 112 1 Family: Other: Other Unfin Total GBX Roof Type Gable Open Area; I Total Rooms» Total Rooms. Quality, Basement Room Count Dining 1 st Floor Area 572 Roof Cover Shingles Kitchen, 1 2nd Floor Area Patto Bedrooms Other 3rd Floor Area Win dow Tyoe 1 Do uble Hun Baths Total Rooms: 4 Total GBA 572 9 Patio 1 Area: 160 Family. Window Type 2 Quality: Fair Kitchen FIAN"' Patio 2 Area Other: 1 Value Air Conditioning No Quality Total Roorns° 1 Desc: Total Rooms Dormer Length: book d oic: Bedrooms 2 1% Baths M4 Lost Dormer Quality: Deck I Area Family; 0 Quality Date 0312112008 Appraiser ID: 21 Appraiser JDr Living I Pahn Doors Deck 2 Area: Price: $45,500 Appraisal Date 07/2312008 Quality: Code: 26 R eason; Quintile Review Appraisal Date, Dining 0 Desc Not Open MKT Result Interior Kitcherr I Last Interior lnspection: 07/2312008 Reason, Other: 1 Total 5 0001 Poot I Area Result Quality] Pool 2 Area Left Tag, Yes/ No duality: Comments ORIG WINDS, FAIR COND, NEW WINDOWS IN PORCH ORIG SHAKE EXT, AVG DOORS LACK GENL MAINT, NO SHOWER, Amenities FLOORIWALLS& CABINETS& FIXTURES ALL ORIGINAL 1923. INTERIOR NOTES FROM PRIOR TO SALE IN f18. ASSUME KITCH UPGRADED 09ASMT PROPERTY HOOKED UP TO CITY WATER IN 08, RENTAL, LOGIS - Property Data Systern - City of Brooklyn Center <FitesonBC Server> T rograrn Fi lestogisM cs > t >rol y Street t�lWe, t�r,rl i Phdo(s)',on file date: 0 MMI �R Release, y .Cr7,041 1)2 Address: f s n rya A e sot Comments on Logged on riser; IfCAST 3 .,_... . _. t',4;ssesshd -Karen Ca totPOS of � 1 Parcel Seaoh 4 View Photos Parcel'Slatus, ACTIVE Parcel Administration Panel Information a ► Assessor C o mrr ents aye Cle lete t > ale, Re Petrel Divis .._ . errrporary Plt7 U pdat r _. _... Trig Sale Ct f2 2l t 7. Ratio Fla Asssessmet#, Year 1 VersioK 2003/1 Assessor Project t pd( Assessor lnqjky Sale Price: 45.5tlCt 235 S Override Assessment' Year ' Taxpayer Inequity Mesh Euiv slant; Override' Version: f Value., Administration ' Values I n f orma ti on Tym of Sale: 01 Warranty Dee Tot Mkt: 107.20€1 Hennepin County Tray Sates patio Code. Homestead Update 26 Not r Open MKT Last Appraised Year L Comments Di-tressed condition /needs major repaits LMitr update Tarp Capacities Updatr Value Notice F ile Sales Adm ,istratiora 1 , Sales R ecotds Sales Information ` Crate = Pry' Cash Equv ; .T ype 1 , Raifio Code Comrrients A&Yr e'er , OYYr 'Ov, et Sates Ra 03/21 2t�u0t3 5�5tt t S1 26 Distressed cnnditionlneed., major repairs 2€ ng _ T � 0' 0 Corms Inlcxrrr�r Mir�lax_Ctxle ' Ptict/T ime Ac ttmeh Weight Parameters, Comparables $ leh u -; Property Characteartics Lend Inspections Residential " Commercial 1Industrit Multi Field Card Pr" `�J CA.M,A €,J ,Assessment Projects } Special Assessments Report Namc: Permit List City of Br Center printed: Permit List Permil List for: 53 1 0 K ri ox Ave N Al nrmiil� tail \Alof ,' rmit "I��e !1 11 — Ik 0r -kl tum I)ricbmt11111 E ":�ncc ^Ile Isstleet LWALP-,!u I)_oAdrat( B iratiout Fttfnl1i >'t W 0 i 6 M S� 1(1 "k - '%er Water % 'Ifer N W AI F'R e"t NMM t l 01)/231`2008 00 21 '2008 Perrrrit Count: 1 I I CITY OF BROOKLYN CENTER LICENSE INFORMATION 02I 1:421 4.{006 License Information: License Number: 01004217 kk License Status: A License 'Type: Rental License Location: Business Applicant: Company: Douglas Allen Wahl E; Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN Business Zip: 55418 U: Telephone: 6127828888 Assigned Dates: Applied: 9/23/2008 FAI Inspected: 10/14/2008 Di Council: 3/23/2009 Issued: 04 Expiration: 9130/2010 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return tbjg aQQlication by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s) Daytime Contact Number: Property Address .. �%° 1; " //0 Property Identification Number -1� •,f /� 1-T Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi- family? . if you are appealing a commercial, multi - family or residential rental property you must Include Income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? 'll wt e e rr '+t CfC G^v ttif n cam}: �'✓ .1i1r.G'.cf When did u p urchase r h ome? Y Date of Purchase 4 L1 —, .A4'59 Purchase Price Z #� 4n515 I Did you purchase your property from a bank, as a foreclosu or short sale? 1A tf>_ Has your property physically changed 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 ustutu dot nl[ uUnn plt:3[eU WI1111r1 [fie Idut year? If so, what was the determination of value? '4�e � 4 .s' le What do you think the market value of your property should be? Cf/ Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to -app valuation an appointment to view the property will be reaulrecl Comparative • ^ Analysis Friday, April 9, 2010 Summary of Comparable Listings This page summarizes the comparable listings contained In this market analysis. Sold Listings Address Price Bds Sth TFSF $18cl Built Style Sold Date DOM CDOM S■ 5350 James Avenue $83,000 5 2 2052 $40 1964 ONEST 08/21/2009 8 187 5524 Dupont Avenue $25,000 1 1 491 $51 1947 ONEST 09/2412009 23 39 5651 Girard Avenue $25,000 1 1 764 $33 1950 ONEST 09/1S/2009 135 318 5327 Colfax Avenue $37,000 2 1 050 $57 1941 ONEST 07/28/2009 e5 55 5409 Fremont Avenue $29,000 2 1 772 $38 1920 ONEST 1111812009 112 112 5420 Emerson Avenue $42,095 4 2 1400 $30 1941 ONEST 0611212009 40 40 5621 Humboldt Avenue $41,000 3 1 1126 $36 1953 ONEST 07!20/2009 41 230 5828 Fremont Avenue $55,000 3 1 1096 $60 1960 ONEST 01/22/2010 28 28 5637 Irving Avenue $75,000 3 1 978 $77 1955 ONEST 08118/2009 41 41 5836 James Avenue $59,900 2 1 988 $81 1954 ONEST 08/29/2009 11 11 6701 Emerson Avenue $65,000 4 2 1504 $43 1952 ONEST 08/1812009 12 12 5819 Knox Avenue $55,000 3 2 1825 $34 1955 ONEST 08/05/2009 42 144 5408 Colfax Avenue $68,000 3 1 1040 $65 1958 ONEST 0710112009 4 4 5537 Camden Avenue $84,000 3 1 1088 $79 1957 ONEST 06/1812009 51 350 5425 Humbcldt Avenue $85,000 4 1 1830 $40 1955 ONEST 10130/2009 14 14 1208 57Th Avenue $62,617 3 2 1452 $43 1953 ONEST 07/23/2009 21 205 5508 Fremont Avenue $80,000 3 2 1600 $50 1956 ONEST 08120/2009 42 42 5800 Irving Avenue $74,900 2 1 1383 $54 1955 ONEST 02125/2010 2 2 5712 Colfax Avenue $86,300 3 1 912 $95 1955 ONEST 11/17/2009 7 7 5413 Logan Avenue $79,900 3 2 1730 $46 1954 ONEST 0$10712009 60 60 5431 Irving Avenue $B8,500 3 2 1405 $83 1955 ONEST 03/09/2010 11 34 5410 GIranl Avenue $105,000 3 1 1198 $88 1932 ONEST 02/26/2010 7 7 5835 Aldrich Avenue $105,000 4 2 1786 $69 1931 ONEST 1112512009 40 230 5B43 Emerson Avenue $115,000 2 2 1290 $89 1951 ONEST 09130120D9 3 3 5344 James Avenue $92,500 3 1 1612 $57 1954 ONEST 03/03/2010 63 110 5707 Girard Avenue $108,000 3 2 1778 $80 1962 ONEST 02/2512010 11 385 5401 James Avenue $97,440 2 2 1300 $75 1954 ONEST 07/23/2009 48 46 6360 Knox Avenue $100,000 3 1 1 i100,0Dt 1964 ONEST 11117/2009 100 100 5328 Emerson Avenue $1011 2 1 938 $118 1938 ONEST 10/23/2009 191 547 5828 Fremont Avenue $55,000 3 1 1005 $60 1960 ONEST 02/02/2010 3 5626 Logan Avenue $107,500 2 1 775 $139 1951 ONEST 03/18/2010 18 64 5840 Knox Avenue $112,000 2 2 946 $119 1950 ONEST 02/2812010 67 57 5630 Fremont Avenue $122,000 3 2 1869 $85 1955 ONEST 12130/2009 19 19 5831 Dupont Avenue $110,000 3 1 1126 $98 1955 ONEST 07/3012009 22 196 1208 57Th Avenue $120,000 3 2 1462 $82 1953 ONEST 03/0112010 39 39 5449 Colfax Avenue $122,450 3 2 1674 $55 1935 ONEST 01/12/2010 188 168 5419 Irving Avenue $127,425 3 1 1878 $68 1955 ONEST 11/13/2009 28 28 5320 Colfax Avenue $117,000 3 1 1414 $B3 1947 ONEST 1213012009 36 36 5615 Bryant Avenue $131,000 3 1 1491 $88 1955 ONEST 12/28/2009 56 59 5909 N Emerson Avenue $138,000 2 2 1106 $125 1950 ONES? 09/30/2009 177 177 Averages: $84.338 2.8 1.4 1268 $2,868 1040 47 1108 10:36 AM CEL Monton, LLC 04/09/10 Profit & Loss Cash Balls 5443 Irving Jan - Doe 09 Ordinary Income/Expense Incorrw 4100 - Rental income 9,492,00 4200 • Fee Income 4230 , NSF Check Fee Incoma -4.00 Total 4200 • Fes Income -4.00 Total income 0,488,00 Expense 5100 • insurance 6110 - Property Insurance 532,40 Total 5100 - Insurance 532.40 5200 - Interest Expense 5220 - Loan Interest 221.60 Total S200 Interest Expense 221.60 6300 • Repairs 4,867.15 6400 - UNllties 8410 - Gas 21.10 5420 • Water 67.00 5430 - Electric 14.81 Total 5400 - Utilities 102.91 6000 - MATERIALS 1,261.50 6200 - Taxes 8230 • Property Texas 0.00 Total 6200 - Taxes 0.00 7010 - Bank Service Charges 4100 7040 - Licensee and Permits 900.00 7055 - Credit/Crlminal checks 24.00 7090 - Property Maintenance 307.50 7091 • Cleaning Expense 80.00 Total Expense 8,271.06 Not Ordinary Income 1,21 Not Income 1,218.84 Page 1 12evie�° Of 5443 Irving Ave ? 1 02 118 2144 0081 For Cc] Mouton ITC 2010 Board of Appeal and Equalization IL 3 1 G. N .. 4 ` V Report lame: "I"axr?ky r Inquiry City of Brooklyn Ce nter Printed 4 1i 2010 t'af�e: 1 Taxpayer inquiry LNIIr N I'l liguse Nbr Street Name .Ii Zip Code 02-118-21-44-0081 5443 Irving Ave N 55430 Last Nam First Nam 11'11 Owner ' "as p' yc Resident Cel Niontrrn 11+x` Y Y N Erwitag Left Side Rear Right Sid Eff. Widt Eff. DWb P roperty Area Acretlg Zonin P/,S Lu Codc School Dist Watershed Y Built 77 13 2 ?7 132 77 132 10,1 0 ,00 R 1 0286 15 1955 YM YA #. Suhs Land Value Bldg Yalu c Mach Valu lot Mkt Valug lax Ca std jd). : itel it P/T ��+.. n i'1S 20111 1 1 47.000 79,700 0 120,700 1,267 N N N R 0 N 21100 1 1 58M)o 82.100 0 141,000 1.410 Y N N R 100 Y 2008 1 1 W900 109.5110 0 170AW) 1,701 Y N N R 100 N Lot: 001 Block: 002 Addition: Krut ia's Addition W n g. $ City of Brooklyn Center PID: 02-118.21-44-0081 Property Type: R - Residential Value Info Residential Field Card Property Address: 6443 Irving Ave N Zoning: RI YeariVersion: 20101 1 Printed; 041i I . 2f) Lot I Block: 001 002 Dwelling Type: Single Family Lind 47,000 Assessment Year; 2010 Addition: Krutzzif :l's A cl d it on Owner(s): Cel Morton LL("' Bidg 79,70Q Version, I District: total 126,700 Nelghborhoo& 0054 Exterior 2 TotAld"' , F-Xteriort, Basement 1st Fl6dr� Model' Garage #i Area fSqFt'i 950 Kitchen Rtg Standard Interior: lnteriiar: Res Cond: Average Placement Attached Type Regular Interior: Piaster Trirn� Triiii, Dwell lype_ Single Family # of Cars i Finished 75 Trim Hardwood Floor: Floor Int, Layout Standard Floor Area 2634 Quality' Very Good Floor Carpet Avg, Clear. Height Avg Clear, Height AdJacent Property: Equal Condition Average # of Fireplaces I Avg Clear. Height: # of Fireplaces- # of Fireplaces Manual Assess:: N Exterior Walls: W Fplc, Quality: Average # of Fireplaces, Fplc. Quality Fpic, Quality: Vlew Equal Avg Clear. Height Fp1c, Quality Actual Age; 1955 Elec, Svc: Standard Aid) /Appeal Average Htg, Forced air, gas fired Effective Age: 1980 Garage #2 Walkout onality: B07 Placement: Walkout Qualify; 1st Baths (#/Quality) 2nd Baths (wouaitty) arioi saths"(#fouallty) Renovated Age: # of Cars, Spa 1 Spa, I Spa: Shape Square Floor Area. Dix Dtx: Dlx. Functional W Condition, Full: 1 1 Very Good Full I Ful( Style One LevellRambler Exterior 1,Nall1s, 314 1 314: 1 314, 1 Economic %: 112 112: 1/2: Construction Wood Frame porch Basement 64ths'(WOuat) Spa Building Ate Fxterioi Wood Glazed Area, Dix 1st Room Count, Znd Room Unfin, 1 st Count Ird Room Count Un 1 st GBA: Quality: Full i Bedrooms: 3 Bedrooms Bedrooms, Unfin, 2nd GBA: Extenor Trim Brick Screened Area 314 1 1 Average Baths, 1 Baths Baths: Unfin. 3rd GBA, Quality IJ2: 1 Family. Other Other: Unfin. Total GBA: Roof Type: Hip Open Area Living 1 Total Rooms Total Rooms: Quality Dining, 1 st Floor A rea 950 Rocf Cnver Shingles Basement Room Count Kitchen: 1 2nd Floor Area Bedrooms I Other, 3rd Floor Area: Window Type 1: Double Hung Patio Baths: I Total Rooms: 5 Total GBA: 950 Patio 1 Area Family, I Quality: Kitchen: Flat Value W 'ndow Type 2: Patio 2 Area: Other: 1 Value: 500 &r Conditioning Central Quality Total Rooms: 3 Deso EGRESS Total Rooft Do"er Length Deck Bedrooms: 4 M- Baths: 2 Fami Dormer Quality- Quality 1 Last Deck I Area: 9 Quality Date 0411 512009 Appraiser JU, 21 Appraiser ID: Living� I Patio Doors Deck 2 Area, Price: $49,000 Appraisal Date, 02104/2009 Dining 0 Quality Code': 26 Reasory, Vacant/Foreclosed Appraisal Date: Kitchen: I Desc: Not Open MKT Result: Interior Other i Last Interior inspection: 02/0412009 Reason: Total: 8 Pool Pool I Area Result: Quality, Pool 2 Area Left Tag Yes No Quality, Comments Amenities ORIG WINDS, MFSR GLASS BLK BSMT WINDS, COVED CEIL. ORIG EAT IN KITCH WICT SKSPLSH, GOOD, CT MAIN BATH, F=EGRESS, 09ASMTIASSUME NO PESP, LOGIS - Prope rty Da Y System -City of Brooklyn o : T r , e, PD pr rent r I # r,f ? d 3 Name t r1t 1 't1r�# on fire Today's date: t r�r�t�il0 I sketch(es) on file, etease� 1,07,041 .. ��� 0 1 2 1 1 &21- 1 1 �3 a * 3 ; r , x , t� ' rr�ma s on # Lid sari user, 14. � ___ � > e Pl _- r'�,sesina - Karen ��o (PCaS i l� I' Par cel search j 2 Clear 3 Prim 4 Vi Phot Parcel Statuv ACTWE Parcel Adminittratian i Sates Parcel Intlormation Inf ' Assessor Comments Save D Clear ' )' Delete sales 12e Parcel Ctr�rising _ , TempotatyPID U pdat , Trial Sale Date: ; 04/15/2009 -.l Plano' Ratio Assessment Year I Version: 2010 1 Assessor Project Upda Assessor Inquiry Sale Farsce 45,E Override A- sesst`tram Year: 1! Taxpayer lnqui(y Cash Equivalent: Override Ver sion. :A Values Administration Values #nfofmabon Type, She; 01 Warranky Dee To Mkt; 126,756 ' Hennepn County Try .. Sales Fiaticr Co& 2 Not Open MKT + Homestead Update Last Appraised Year L Comments: LMV Update Tax Capacit.ies Updatr "Value Notice File ^; Sales Administration 2 . Sates Records Sales trrformatn bate Price ash E, r Tye `Flat Cade A lra rrr is As Yf er ; Ov,Yr ' Ov,Ver Sales 9 alios V j 04/15�'2nn, 4 a 01 S 2C►1 1 B " Comparables lnformatt � MirrMax_Cc�les 01 /0 r r 1 499 B19 �I 11 SS F aTATE SALE 2005 1 11 F ' Price/T ime Adjustrri6n Weight Parameters Comparables Batch U jj Property Characteristics Land ` Inspections Residential ` Commercial/ l #ustrie j Multifamily Field Card Print '_j CAMA k Assessment Projects , .xN. SpecialAssesxmenls t _. Report Nme: 13enrritList it ' of Bro okivii Center I'rirWd :0 O `010 logo 1 Permit List 1 Lis( rrrr: 5443 Irving Ave N van van& ;~ Ly! \ 11ta to i t 1'.'ti ±.1s1 —, , CS1' s 1)t rri�7 gta:rr Ca — 11W IMINS Sualbo MAN= 1L ima i re 11s y IZefnntl ;rtc 101 350 1'lt"Wnp M AMA! tlk:' i BASt.tttl.NT 0 5,2620() 0512992 BAT111Zt tt M VANITY 14( '025214 �ltti:t 1:tccN"! Fassdential 1 & 2 Fami1° Replaacc WIRE FU RN V 1 & A /C; 0812 20(11 it /I () 2004 Eat MIN S4. "111) Ntmbnn w 1 mce & Au t,`s >aaati wi 1 1tH IAC°tE Ft't21*;ACF & , `}MW2iirt4 (W31t21t()5 A ?C 10100216 S1. MI BuiMmg ResklersriM `,aqk "md Rrlals e t:(iRFSS W fNItM,tW "200 -1 081 tat +il0411 $41 1iwiltWg Roidenttal �,mvlc I'ama: 1Rcp4lec 1)7011199' 1 212 911 408 Permh Cu(((rt: 5 III CITY OF BROOKLYN CENTER R LICENSE INFORMATION P11:1 021IN 1440081 License Information: zss License Number: 01004572 License Status: A License Type: Rental License Location: Business Applicant: company Douglas Allen Wahl Business Address: 1845 Stinson Parkway NE, . Business City: Minneapolis . Business State: MN Business Zip: 55418 Telephone: 6127828888 Assigned dates: Applied: 4/28/2009 Inspected: 5/1812009 Council: 6/8/2009 U Issued: 6/9/2009 Expiration: 4/30/2011 Apr 09 2010 1:01PM HP LRSERJET FAX p.11 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equallzatlon held April 19, 2010 at 7:00 P.M. Names) f'7r�iL�7�rL + Daytime Contact Number; 414 - Property Address Property Identification Number c /4� -�I/ Assessor's 2010 Estimated Market Value /`7r Is your property residential, commercial or multi - family? - _ If you are app ea ling a commercial multi - family or residential rental property you must Include income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? p ell 1dlj f When did you purchase your home? Date of Purchase ' / .�Y Z Purchase Price C Did you purchase your property from a bank, as a foreclosure or short sale? Has your property physically changed 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, se & market analysis by a real estate agent completed within the last year? Yes Z If so, what was the determination of value? e.Ve.; Cv4 What do you think the market value of your property should be ? _`� Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation an appointment to view the property will be required Apr 08 2010 1 :01PM HP LRSERJET FAX p•12 CEL Monton, LL,C Profit 8r, Loss $351 IRVING Jan - One D9 Ordinary Income/Expense Income 4140 - Rental Income 9,810.00 4200 - Fee Income 4220 - Late Fee Income 40.00 Total 4200 • Fee Income 40,00 Total Income 8,850.00 Expense 6100•Insurance 6110 - Property Insurance 53842 Total 6100 • Insurance 538,82 6200•Interest Expense 5220 • Loan Interest 4,437.58 Total 5900 - Interest Expense 4,437.58 5300 - Repairs 5310 - Building Repairs 1 DO. 00 5300 • Repairs - Other 463.00 Total 6300 - Repairs 583.Do e200 • Taxes 8330 - Property Taxes 3,882.75 Total 6200 Taxes 3,852,76 7040 - Licensee and Permits 105,86 7090 - Property Maintenance 380.D0 Total Expense 8,908.14 Net Ordinary Income -58.14 Net Income -68.14 Page 1 Review Of 5351 Irving Ave N PID## 02 118 21 44 0104 For C:el Mont«n LLC 2010 Board of Appeal and Equalization AL tr Report Name: Taxpayer Irrclrriry C 4/1 5 , '2 0 10 C of tBro��l�y n. Cnt�e�� Taxpayer Inquiry D isala} t'1_.D House eN r Street Nam Dar Zip t 02- 118 -2.1- X14 -0104 x,151 Irving Ave N 55450 Mast Na►ne First Name [ O ner 'faxnatier Resident Cel Monton I.1 C y y N Fro ntag Left Sid Rear Side Right Side Ef. . Width Eff. Property Area Asctagg Zoni .S Exrm1L o de School Dist Water Yr Built 75 127 75 127 75 127 9,525 t00 R2 0286 t 5 1954 ,Fear tier #Suhs Land Yalu r Bldg Va Mach Value 'Eot Mkt Value Tax Cap Ilmst M drr Rel, H Ea `mow 2010 1 1 47,000 67,500 0 114,500 1,115 N N N R tl N 24}113 1 1 58,900 7;,4 { }() {} 132,300 L323 N N N R t) N 2008 1 1 W900 91,4111 t) 152,71111 1,527 y N N R 100 N Lot. 00 1 Block. 005 addition. Meri -Dale Addition I II I I City of Brooklyn Center PID: 02- 118 -2144 -0104 property Type; P - Residentiai Value Into Residential Field Card Property Address: 5351 Irving Ave N Zoning: R2 Year, 20101 1 Printer! 04/ 13/2010 Lot t Block: 001/005 Dwelling Type: Single Famiy Land 47,000 Assessment Year: ; 01 r) Addition: Meri -Dale Addition Owner(s): Gel Monton LLC Bldg 67,500 Verslrsn: 1 District.: Total, 114.500 Neighborhood. O0-54 Biter a 1' ri "-Ba .• : w , Ifst Flt ��+ C 2 r � _ .... : F 3rd l=lc r r ��, TO M$ t0wel e Single Family a Area g ment Detached Type Regular Regular 1 teno Rig heetrock Trim }or Tim, Res Cond Good yp g a y # of Gars. 1 Finished f , }, 50 Trim. Hardwood Floor. Floor; int. Layout, Standard Floor Area 308 Quality. Average Floor: Carpet Avg Clear, Height- Avg Clear Height: Adjacent Property Equal Condition. Average: # of Fireplaces: Avg. Clear. Height # of Fireplaces: #cif Fireplaces: Manual Assess_ N Exterior Walls: Wood Fplc. Quality: # of Fireplaces: Fplc, Quality: Fplc, Quality Flew Equal Avg. Clear, Height. Epic, Quality: Actual Age: 1954 Elec, Svc: Standard Arch?Appeai Average Gaat*ge #2 :r Htg: Forced air, gas fired Effective Age 1885 Walkout: Quality, B07 Placement: Walkout Quality:. 1st Batt (#Iquall � 2nd Baths *Qual{ Ord Bath~ #tt�l) # of Cars: �+ #Y { .'' Renovated Age: Shape: Irregular Floor Area; Dpi. t Dpi ! D t Functional ?f�: Condition: Fuit 1 1 Average Full. I Full ! Style OneLevelJRambler Exterior Walls: 1W t 314: f 3W 1 Economic �asemenf'aths #t 1!2: I 112: .+ 112: t goal .: Construction. `arch Wood Frame { � Bulldlttg Atea9 Spa. 1 Glazed A rea 10f3 1 Bti m zrilJtlt 2nd Roorri 0 Rte Cow- Unfin. 1 s GSA. Exterior Walls: Wood C3ix_ I Quality Very Good Union. 2nd GBA: Screened Area; Full l Bedrooms: 3 Bed rooms Bedrooms. Exterior Trim: 314: 1 Baths: 1 Baths: Baths: Unfin. 3rd GBA: Quality 132_ 1 Family: Other. Other: Unfin, Total GSA: Roof'Type Hip Open Area, Quality 1 Total Rooms Total Rooms. Civality: Dining: 1st Floor Area: 912 Roof Cover Shingles Basement Rim Count Kitchen: 1 2nd Floor Area Patio Baths Bedrooms. Other: Total loor Floor 912 Window Type 1 Double Hung Total Rooms: 5 Patio 1 Area. Family: 1 Etat Value Window Type 2: Quality Kitchen; Patio 2 Area: Other Value: Air Conditioning No Quality Total Rooms_ 1 Desc: fatal ito�rtis . Dormer Length': CMeCk Bedrooms: 3 Quality: 1 Area; Date 07/2212008 9 w �t IILt�tl a ttlt'trt an Or= Baths 1 Deck L?ormerQuality: i O7/2212008 Appraiser l€? 21 Appraiser ID, Family: 1 Price- 62.000 Appraisal Date; 07/21/2008 Living_ i # Ratio Doers; Deck 2 Aga: pp Dining: 0 Quality- Code: 15 Reason: Quintile review Appraisal Crate: n: 1 Kitchen. Desc; Forced Sale Result: Exterior Ktc 0 Last Interior Inspection_ 07123/1990 Reason Path Total: Pool 1 Area, Result- Quality Left Tag Yes I No Pool 2 Area`. g Quality Cbroments ORIG WINDS, NO WRAP WOOD SOFFITS AVG EXT CONDINEEDS ROOF/08, POSTED & VACANT AT 08 REVIEW, INTERIOR INFO ArllttlltiE€e PER MLS, ORIG GABS & FACEBRK BKSPLSH IN KITCH, BSMT FIN PAINTED PANELING, AVG GENL COND, LOGIS - Property Data System - City of Brooklyn Center <Fites on BC Server> , :CAProgram FilesU-ogisAPDS prop .. " Horse# Streit Name""•" I„ n 1 f:'l�sotr s¢, nn the Today's date,: 04M2010 f 1 met€ h(es� on Me Release; 1 .07841 02 Address: 1 .. # i " Logged on r< CASTO tASsessha - Karen -sto (P AIMS 1 Parcel Search 2 Clear 'riot 4 View Photo Parcel Status. A THE Parr el Administr4tion ' Inf ormatio n Parcel lralormatton Assessor Comments Q Save Q Clear )X oelete tes F?.eport ' P'arc'el Divrcionirig Temporary P1C7'Updat Trial '. Sale Date: � 07)22/2 «�� X. HMO Ratio Assessment Year 7V'ersi 2009/1 ' Assessor Piolecat Updr '�► Assessor Inqtily Sale Price; 5�. 213.4 OvertideAssessfTentYeac f r Taxpayer Inquiry Cash Eguiyafent; OverrileV'ersion: Values Administration ' Val, re Information Type rf Sole (11 Tarran Dee Tot Mkt : 132 � ` Hennepin Coi.inty Tiay S ales Reid Code: � _... ... t 15 Forced Sale v Homestead Update w.... Last Appraised Year L Ccimments, t L.MV Update Tax Capacities Updat Value Notice File S ales Administrahon 5 - Sates R Sales Information Gate „ Price ; Cash Egt Type Ratr Code Comments As Y'r Ver Ov,Yr Ctv.Ver Sales Ratios 1► 07r� ti 221�I�O' f 2 ' OT 1 � ' __... _. 2009 3 1 0 0 l Com es Inform ti _ , I�++?L1 m_ _ _._. . MinMax Codes 0110'312005 1,x,7 860 0 rt1 OC,r ...," Zi���, 1 0 ;.. 0 Price/T irre Adtjstmen 02 {'Ol '13 IS ` 1 " 0 11 919 FORECLOSURE 201 - -15 1 , 0.,_. _ _.m Weight Parameters f141CIT11977 � 0 11 00 FROM MLS 2005 1 0 Compar les hatch U (32.#11 9?5 a�1 Or O' 0 T1 ( FROM Mt_; �RI ' 1 0 0 4 PtopettyChatactetittics ` Land Inspe ion$ Residential Commercial I Indastrie l ulti•Feairr fy Field Card Print =J LAMA + , J Assessment Ptoiecls SpecialAssessmerb Report NaEnvE llo'mil i.itit CitNr ol'Brooklvtj Center I It iti w�l: 04 (1,9, 1 0 Permit List Pernjif List for: 5351 Irving Ave N 1'f.f.EtTF2 ! LAit )'alt�c rgurwUllps Sub Fvpc DiKhzLwn I "I LS S-W d —Da I r bill-W-p—ate tkidl)-ak —E'xp�irafifltl DAW B-c-fil—nd-Ralk $2,0(g) Ruil(fing V V= itknfial R crow 0 Replace I FAR OFF ANN) 09/08.i2WR 1 <''1I` 009 RFROOF M'0245 S70) I,Acclrital 1xt4ict ttEisal 2 FamtF Vxpluc REPAIR WIRIN(; W,,- 262001 06f071'2W4 NSTA( I S%V )KI IMF H 11! 4)8,179? S 1, 700 Mcchaowal Furnace Replace FURNACT 04/25 A 1414 5 (09'09/199; lk 00 0)29 �4 ( W 1 Rtr *idcnfial Replace NX AT F R f IIAJ i R ' N/ 1 511094 0 9/11 1 W)5 Permit Count 4 II CITY OF BROOKLYN CENTER LICENSE INFORMATION I"IL), 02 1 1 �-' 1 44 (1104 License Information: U, License Number: 01004241 7i License status A License Type: Rental License Location: Business Applicant: Company: Douglas Allen Wahl Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN rk Business Zip: 55418 Telephone: 6127828888 Assigned Dates: Applied: 10/8/2008 Inspected; 10/27/2008 X Council: 31912009 '. U issued: 3/12/2009 17U Expiration: 10/3112010 Rpr 08 2010 1:18PM HP LRSERJET Fnx p.1 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9. 2010, to be placed on the Agenda for the Local Board of Appeal and Equalizatlon h old April 19, 2010 at 7;00 P.M. Name(s) _ 4&__ - Daytlme Contact Number: ;--�' . Property Address Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi - family? If you are appealing a commercial, multi- family or residential rentai property you must include Income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? e*, f t�� ..� cfr �� rt:g f /.� �Jso�1 C- °.✓'Ir•t G��� U,rJ1 � C c�tr./� 1�C r � � �� t2.ea �f��t' i-�!a r� .� �,.• r �.fr ..� , l� i� Gt��i �� �l�p �i°""p�- �.'t rc / r, rG'L &�f 4 I C+��°Y / C 4 r" When did you purchase your home? Date of Purchase Purchase Price c -"7e:1 .ex Dld you purchase your property from a bank, as a foreclosure or short sale? Has your property physically changed 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 r a market analysis by a real estate agent completed within the last year? Ye If so, what was the determination of value? e[ X- � What do you think the market value of your property should be? /,1.,5)4 Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. /a Order to appeal your valuation an appointment to view the property will be required Apr 09 2010 1:18PM HP LASERJET FAX p•2 GEL Monton, LLC Profit & Loss 3707 GIST AVE NQ. Jan - Dec 09 Ordinary Income/Expense Income 4100 - Rental income 8,053,34 Total Income 8, 053,34 Expense 6100 - Insurance 5110 , Property Insurance 530.41 Total 5400 - Insurance 530,41 3200 • Interest Expense 5220 - Loan Interest 4,453.76 Total 5200 - Interest expanse 4,455.76 5300 • Repalra 3,858.07 5400 • Utilities 5410 -Oas 142,68 5420 - water 10872 6430 • Electric 43.75 Total 5400 - Ublitles 296.16 6000 • MATERIALS 1,268.36 6200 - Taxes 6230 , Property Texas 2,786.96 Total 6200 - Taxes 2,789.918 7040 • Licenses and Parmito 900.00 7090 - Property Maintenance 239.00 7091 • Cleaning Expense 400.00 Total Expense 14,587.73 Not Ordinary Income - 6,514.39 Not Income - B,G14.ali Page i Review Of 3707 61 st Ave 1'1U# 01118 21 12 0079 For C °el Montun LLC 2010 Board of Appeal and Equalization j a. � k f 1 e � 3 .Y g aX R Report mare: faxpayerInquir4 City of Brooklyn Center Printed: l /1s 010 Tax.paver inquire Pa . I isylalar,' PH Ilotiu Nb ti trvct Nam e p C od l 03- 1.18 -21 -12 - 0079 3707 61st Ave N 55429 lust Name First Name MI O wner Ta,xpaver IResiden ('€1 Jklo rtorr I.1.C' y ly` N Front „ Left st Rear Side Hig Side FX Width M lkpb Property Area Acreagt Zoning P/ Exemp 'ode School Dist Watershed Yr ", ilt 75 6) (1 0 80 149 9,525 0,00 R t 0281 14 1955 ` Ve � Lan VaIlie ldg V 1�-u Mach Value Tot Mkt Value Tax Cap Htnstd Midy Rel li .%Own Z}Lc 101 () 1 1 47.000 104,800 0 151,800 1,518 N N N R G N 2 1 1 58,900 103.100 {,} 162.000 1,620 N N N R 0 N 2008 1 1 61,700 1, 0 192,900 1,929 N N N R 0 N Lot: i:t10 I31oac 004 Addition: Wariestad's Brook I n errack s' Y � s1 I i t 7i1 a9 I i �4 I City of Brooklyn Center PID: 03- 118 -21-12 -0079 Property Type: R • Pesldential Valve Info; Residential Field Card Property Address, 3707 61st Ave N Zoning: RI YearfVersion: 20101 1 Printed, 04 'i1 12 10 Lent l Block- Q to = 04 [Dwelling Type: Ingle Family Land- A7,€� Assessment Year: 2( "rr Addition. Vlanustad's Brookl• n Te raco Owner(s): Cer' Menton LLC B!dg 104,800 Version 1 District: Total- 151,800 Neighborhood: 6053 1= zterior 1 Basement ° 1stlsar 2ptid I =lptir y 3rd Ftarr Tr r Model: Garage #1 Area ( gFt), 1,055 Kitchen Rtg" Standard Interior: Interior: „ " Res. Cond: Goad Placement- Detached Type Regular Interior. Sheetrock Tram: Trim. Dwell Type Single Family # of Cars 1 Finished 75 Trim Hardwood Floor- Floor: Int, Layout: Standard Floor Area: 352 QuaiitY Very Good Floor. Wood Avg Clear, Height: Avg. Clear Height: Adjacent Property Equal Condition. Average # of Fireplaces: Avg Glean Height: # of Fireplaces: # of Fireplaces_ Manual Assess: N Exterior Walls. Wood Fplc- Quality: # of Fireplaces: Fpic. Quality: Fplc, Quality: View; Positive Avg, Clear. Height: Fplc" Quality Actual Age- 1955 Elec, Svc: Standard Arch /Appeal: Average Gsr ge5 2 Htg: Forced air, gas fired Effective Age: 1885 Walkout. Quality. B06 Placement: Walkout 'it : 1at Bat1;a ti4ltouali ) 2nd Bdthis #IQuall 3rd Baths #IQUOI � y � tYt I �t ' Renovated Age: # of Cars: Qual Spa- 1 Spa= 1 Spa: 1 Shape. Irregular Floor Area: Dix 1 I Very Good Dix: # Dix: t Functional W Condition: Full: 1 Full: i Full 1 Style: One Levet /Rambler Exterior Walls: 314: 314; 1 314: t Economic W Ratios 112: � 112: 1 112_ 1 Construction: Wood Frame Porch Basement �Ittlng Amos Glaz lity Are Exterior Walls Metal Spa: 1st Rcori�i �Qcrunt 2nd Room Count 3rd Room Count Unfin. 1 st GBA: Quality Dlx: Fult 1 Bedrooms 2 Bedrooms, Bedrooms: Unfin. 2nd GBA: Exterior Trim: Brick Screened Area: 314: 1 1 Average Baths: 1 Baths: Baths: UnBn. 3rd GBA: Quality: 1/2 1 Family 1 tither, Other: Unfin. Total GBA: Roar Type: Gable Open Area: Living: 1 Total Rooms: Total Rooms; Quality Basement Room Count Dining 1 1st Floor Area: 1.295 � Roof Cover Shingles Kitchen: 1 2nd Floor Area: Bedrooms, Qther. 3rd Floor Area: Patio Window Type 1 Double Hung Baths: 1 Total Rooms- 5 Total GBA: 1,296 Patio 1 Area 200 Family, 1 Window Type 2; Quality Very Good Kitchen:ltalcte;',:', Patio 2 Area Other: 2 Value: Air Conditioning Central Quality: Total Rooms- 3 Desc T6 Aoof ::;"' Dormer Length: Nadir Bedroo s. 2 aati�Ila ' „, • �� �sst�l Cutre� � Baths" � 2 Dormer Quality. Quality. 1 Area, 0 1 /0812 009 Appraisal Date:�� •• C}F�12d12021 Appraiser 0, Family, 2 Date, pp pP Living: 1 Price, Dining 1 # Patio Doors:. 1 Deck 2 Area.: p 5 Qualify Code: 15 Reason Quintile Review Appraisal Date.: Kitchen 1 Desc Forced Sale Result: Interior Other: 2 Last Interior Inspection: 06/24/2005 Reason: Total: 9 Pool' Pool 1 Area. Result: Quality: Left T ag 1 No Pool 2 Area: g Quality° Comrrt�nes F = HEIL PARK VIEW- WCEILINGS IN BSMT. BSMT BATH UNENCLCISED. NEW VANITY & JAG TUB IN MAIN BATH - PORCH Amenities CONVERTED TO GBA, HEATED YEAR ROUND PER OWNER, CT ENTRY, WRAPPED NEWER WINDOWS IN GC)QD COND, SAG I GAR ROOF, EAT IN GALLEY KITCH WIORIG CABS & NEWER COUNTERS. MFSF" LOGIS - Property Data System - City of Brooklyn Center 41tes on BC Server> <CAProgram FJ(esXLogisPDS cs> Fie oWY ID # Street time t_Init 1 'Flr+tt+� W � ern file ' tod '� date: +1+t,++ l:�t�1 " . ,... 1 Sketch(ei) on file Release: 1.07,041 i1 118 1 l; t 3 I' dress: 3707 � �.�'� . € wA Low KCA T ' 2 of 13 1 Parcel search ... Clear F:r d � Photo " fC=�ren astot'F Parcel 1etruv, At TI W" 'A Parcel Administratittrr Sal Information ` Parcel' Information Assessor Con *tts Save Cleary .. � � "" >( Delete, *s Repot Parcel Divisioning Tempor y fit) Updat - T'ri Date ate, 01 / 02V 2 I09 7/. Ratio io Arse erg Year v Version: 2009/1 Assessor Project Updr ...." . ". Sale Price: Assessor In T II � 241 8 _ Override AssessmeNYear: �► TavPayer lr ry Cash 1<cltivalent. 1►verri fe leisrt , ;7 Values Administration ` Values Inform on Type of ale: 01 r arrardy C " Tot Mkt 162,00n Hennepin County Ttar r dales Ratio Crane: Homestead Update 15, rr �d alp+ t Last Appraised Year L Comment: LMV Update ` Tax Capacities Updat, r Value Notice Fie t.A Sales Administration 4 Sales Records; Safes lnformation Crate Prig ashF Ud .iv T . Aatio Code Coa is Ov. e .: _,.. .,.. AtYt , Vey Ov.Yr "r � Sales ETattos � 111/1718/2009 r.��t 0 91 15 " i 20119 1 C CI Comparables 110ormati __.. ,... __.... g I n- ,� 1 f12(1� 1 f1 la w€ 1 CI 01 00 CIft7 1 J 9 e 02/01/2004 1 i��� i Ilfl - (1 11... _ _ .... A1rrrMax_Code -15 r Ftice /T ime Adjrrstr n .. ____ ._ .. �_ ..... 2005 1 0 t1 j n 11187111,/2001 14 6, 0 11 00 - Weight Parameters � 1 01 0 Comparables Batch U Property Characteristics Land Inspections Residents# Commerce r Indust6a ' Mulli- Family r Field Card Print cAMA +' , ,;;;,J Assessment Pr Special Assessments Report Name: Permit 1,W City of Brooklyn Center IWA 04VW2010 Page: I Permit List P"mk ISt hr: 3"7 6NI Aw PN IWM4 # IN IALV EnmThm %lot "Vrkj'yjK V C-11 1 1 c AWMA hanAlss WAU WAIUN LoWmalhac Jujula'AUNA&C B(A tsAl $313 Whan&W Wet Rvphw inmall theuNM om 06 1 W2009 fl,UO2/2010 coppa valvc-inuhlc W 101010 S3 t I Wdi"knical t Inc Npin, kcplacc Iml my sk WF, 10118/2602 02 W1000PMR IRIM032 VAH" WhanwK 11nme RMWec FUIRNA(T & AX WO'27, 1906 01 15119 0 7 IKAR57w, Sj,i1011 Mcchilnit:,J) 1 ornace Undcfwd Sf"\(*[',' HFAI I R 12=995 014Q 1W I3tING241 91600 RuNhp RoWcmW Shpk F=W RMw IVAR4*q REM N W 07 81945 09/27/1995 W 105W9 HW% Residimual Singlc Hail Addiiion fit'' RO()Nj,jI(* 0&12911905 0;:N)AWY, Permit 4 ount: 6 II CITY OF BROOKLYN CENTER LICENSE INFORMATION 1711), 031IS211 �t 079 Lic ce e _s_ License Number: 01004469 License Status: A License Type: Rental License Location: Brooklyn Center ` Business Applicant: Company: Douglas Allen Wahl Business Address: 1845 Stinson Parkway NE, 1 Business City: Minneapolis Business State: MN 3 Business Zip: 55418 Telephone: 6127828888 Assigned Dates: Applied: 2/25/2009 Inspected: 3/9/2009 Council: 4/13/2009 Issued: 4/14/2009 #. Expiration: p on: 2/28, �I Apr i�9 2010 1:08PM HP LRSERJET FAX p,2 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s) . /r `` Daytime Contact Number; 6'4_1� Property Address (:�/e Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi - family? 127W& — If you are appealing a commercial, multi - family or residential rental property you must include income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? Of e e When did you purchase our home? Date of Purchase �— f /C7c�' Purchase Price Did you purchase your property from a bank, as a foreclosure or short sale?� Has your property physically changed 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, rchase Or a market analysis by a real estate agent completed within the last year? If so, what was the determination of value? oc re, What do you think the market value of your property should be? /Z— Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation an appointment to vlew the property will be reauired Apr 08 2010 1:08PM HP LASERJET FAX p,3 Comparative Market Analysis ridgy, April 8, 201 a Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysts. I Aotive Listings Address Prlca INS Bth TFSF $laq Built Style List Date DOM CDOM s= 5354 70Th Circle $44,900 2 1 1690 $27 1979 TWNSS 02/10/2010 68 492 5309 71 St Circla $129,600 2 2 1454 $89 1679 TWNSS 0312812010 11 13 Averages, $87,400 7.0 1.5 1872 $58 1979 35 253 Pending Listings Address Price Bds 6th TFSF $ISq Built Styls Ulf Market DOM COOM S■ 6352 72Nd Circle $50,500 2 1 1021 $49 1983 TWNSS 04/02/2010 8 8 Averages: $80,800 2.0 1,0 1021 $49 19$3 8 8 Sold Listings Address Price Bda Bth TFSF SISq Built Style Sold Date DOM CDOM S= 5350 71St Circle $40,000 2 2 1364 $29 1980 TWNSS 07/24/2009 33 153 5419 70Th Cirria $50,000 2 1 626 $106 1979 TWNSS 03124/2010 9 9 5348 70Th Circle $47,500 2 1 1164 $41 1979 TWNSS 911282010 35 36 5320 72Nd Circle $49,900 2 1 904 $55 1985 TWN$$ 10/22/2009 8 442 6305 72Nd Circle 546,000 2 1 920 $50 1984 TWNSS D4/20/2009 52 52 5415 N 71St Circle $60,000 2 2 1581 $32 1978 TWNSS 08108/2008 5 5 5319 707h Circle $64,900 2 2 1460 $38 1979 TWNSS 1 Oil 8/2009 9 9 5403 71 St Circle $88,000 2 2 1664 $41 1979 TWNSS 0711712009 14 286 5322 72Nd Circle $61,500 2 1 1004 $61 1983 TWNSS 03126/2010 , 198 349 5342 707h Circle $82,045 3 2 1822 $51 1979 TWNSS 08126/2009 112 112 Averages: $63,886 2.1 1.5 1220 $60 19B1 47 143 Median of Comparable Listings: $60,500 Average of Comparable Listings: $80,080 On Average, the 'Sold' status comparable listings sold in 47.30 days for $66,685 ENINIPP77 Apr 09 2010 1:08PM HP LASERJET FAX p.4 CEL Monton, LLC Profit & Loss 6326 70TH CIR Jan - Dec 09 Ordinary Income /Expense Income 4100 - Rental Income 10,598.00 4200 - Fee income 4280 - Application Fees 36.00 Total 42131) • Fu Income 35,00 Total Income 10,733.00 Expense 3100 - Insurance 6110 - Property Insurance 100.86 Total 8100 • Insurance 100,55 6200 • Interest Expense 11220 - Loan Interest 4 Total $200 • Interest Expense 4,949.70 5300 • Repairs 3310 • Building Repairs 3,095.00 $300 - Repairs - Other 4,121.59 Total 6300 • Repairs 7,216.59 6404 - Utilities 6410 - Gas 434,77 6420 • Water 312,41 6430 - Electric 98,38 $400 - Utilities � Other 107.02 Total 5400 • Utilities 952.58 6480 - Condo Assoc Fee 3 6000 • MATERIALS 2,652.26 620D•Taxes 6230 - Property Taxes 1,651.56 Total 6200 , Taxes 1,661.65 7040 - Licenses and P■rmlts 400.00 7090 - Property Maintenance 531.50 7091 • Cleaning Expense 600.00 Total Experts* 22,443.60 Net Ordinary Income - 11,710.80 Net Income - 11,710.80 i Page 1 Of +25 70` Cir PID# 28 119 21 43 0090 For C:'el Manton L LC 2010 Board of Appeal and Equalization ,41. r : v Report Name. Fa,xpayerinquiry City of Brooklyn Center 1'rinted:4 1 Taxpayer [ 11V Page- I Display 1 } 1 1) House e Nb Strat Name Zip .. Code 28-119-21-43-0090 5325 70th Or 55429 1.ast Nanig First Name Own r T"axpaye Resident Cooper Patricia A Y Y N Froul ; Left S. de Rear Sid Right M Width E, Prope A rea Acre ZE Exempt Code School Dist Watershed Yr Built 31 3t(t ;t1 x)11 {} 2,1383 {!.f)t1 It; 01279 14 1 <)79 Year L #Sulu Land Valug dg V alue Mach Value ][Qj Mht Yalu Tax Cali Hmst Midyx HgW Ea % , w i'1 2 1 1 25,000 95,900 0 1?t1, M 1,209 N N N Y t) N 2 1 1 311,11(1(1 95.100 0 125,10101 1,251 N N N Y {3 Y 211018 1 1 3 {1,00101 85,700 0 115,7001 1,157 N N N Y {1 Y Lot: 0117 Block: 001 Addition: The fonds flat Two r. FAZABLE 2010 PROPERCY TAX INFORMATION !NQUIRY CODE . PROPERTY TD '- 1. o ��n; PSC c SCH DST 279 WTRSHD 8 SWR DST !FPROj 0 MUNIC I: PLAT 00248 PARCEL D403 LOAN 4 OWNER CEL MONTON LLC M CO CODE F/S # D S 0 PROP ADDR 5325 VOTH CIP, CONDMN # TAXPAY N/A CEL MONTON LLC 04/27/2009 1845 STINSON BLVD NE FORM M-lPR LN 1 .00 M:NNEAPOLIS MN 55418 MKT VALUE TAX 311.76 STATE CEO TAX GRUSS TAX 1,wm IMPROV AM7 EST MV 125, 100 QUAL !MPRO HMS! 1 CIR 0 �"J HMSTD CD N AG E A" TAXABLE MV 125,100 OVER 10 ACRE NET TC 1,251 320 ACRE LIMIT NET TAX 1,S83.66 SOLID WASTE FEE .00 DEF SPECIAL 1ST' YR, SPECIALS .00 BANKRUPTCY TOTAL TAX 1,883.66 TARGETED AREA NET TAX PAID .00 LAST PMT DA7 CWONTRACT NO ED AREA TC 001 KIIESY AL0 ED AREA TAX DIV EENPING TAX ADj PEND SFEC ADi PEND LOCAL TC PFR PHDING PER DATE PER 4 LCCAL TX ICI City of Brooklyn Center PID: 28-119-21-43-0090 Property Type Y - Townfinuse Value Info Residential Field Card Property Address; 5325 70th Cir Zoning: R3 yea'Nersion 20101 1 Printed 04113120t0 Lot t Block: 0171001 Dwelling Type: Townhoene Land 25,000 Assessment Year: 2010 Addition: The Ponds Plat Two Owner(s): Patricia A tr ooper Bldg 95,900 Version I District: Total: 120,900 Neighborhood: 0191 ;to total ; 1s t 16 nd,Floor Ord Foot Model Garagelft Area (SqFt) 1,104 Kitchen Rq Standard interior Interior, Res Cond: Average Placement Tuck Under Type Regular Interior Sheetrock Trim Trim: Dwell Type, Townhome # o f Cars: 2 Finished (%) 50 Trim: Hardwood Floor Floor: Int. Layout, Standard Floor Area: 480 Quality Very Good Floor Carpet Avg, Clear Height Avg, Clear, Height, Adjacent Property- Equal Condition Excellent *cif Fireplaces: I Avg. Clear, Height: of Fireplaces, # of Fireplaces. Manual Assess, N Exterior Walls, W Fplc, Quality Very Good # of Fireplaces": Fplc, Quality Fpjc" Quality: View: Equal Avg, Clear Height: Fplc Quality. Actual Age. 1979 Elec, Svc: Standard Arch =Appeal. Average Garage #2 Htg Forced air, gas fired Effective Age: 1980 Walkout Standard Walkout Quality: B Placement WatkoutOuality Excellent I at Baths (#/Quality) 21nd Baths (WOuality) 3rd Baths tftuallity)' Renovated Age. # of Cars, spa I Spa; I Spa I Shape Square Floor Area, Dlx� 1 / Very Good Dix I Dix I Functional % Condition Fui[ 1 Full I Full: o 5 Split Entry/Foyer Exterior Walls: 314 1 314: I 314 t Economic 't,7; Construction: Wood Frame porch Basement Baths (#10uaL) 112: 1 112 1/2: WIdI06 Amas Glazed Area, Spa Exterior Walls: Wood Dix 1 19tFt '060int 2ndRoothCount 3rdAo'om 'Count Unfin. 1st Quality: Full I Bedrooms: 3 Bedrooms: Bedrooms: Unfin 2nd GBA: Exterior Trim: Brick Screened Area: 314: 1 Baths, 1 Baths Baths: Unfin. 3rd GBA Quatity� 112 1 Very Good Family, Other: Other, Unfin. Total GBA: Roof Type Gable Open Area- Living: I Total Rooms: Total Rooms. Quality- Dining, 1 1st Floor Area 1,082 Basement Room Couirt Roof Cover Shingles Kitchen: 1 2nd Floor Area: Bedrooms: Other: 3rd Floor Area: Patio' Window Type 1: Gliders Baths: Total Rooms: 6 Total GBA 1,082 Patio I Area: 176 Family: I Quality Average Kitchen Fiat Value WirdowType2� Casement Patio 2 Area: Other: Value: Air Conditioning, Central Quality: Total Rooms I Desc� Total Rooms Dormer Length, Dock Bedrooms 3 1 60 Baths! 2 hir Dormer Quality, Deck I Area: 80 Famity; I Quality: Average Date° 09108, Appraiser ID: 21 Appraiser )a Living: 1 # Patio Doors 2 Deck 2 Area Price: $40,000 Appraisal Date: 0810312009 , Dining 1 Qualrty� Code: 15 Reason Quintile Review Appraisal Date Kitchen: 1 Desc: Forced Sale Result Left Tag Other 0 Last Interior Inspection: 1012012008 Reason, Total: 7 P061 Pool I Area: Result, Quality- Left Tag Yes 1 No Pool 2 Area Quality ' J NEWER CSMT WINDS & PATIO DRS. OTHER WINDS ORIG & ORIG EXT, PREVIOUS GARBAGE HOUSEIFIXED & RENTED 09, ASM Amenities SHRKINGAR- DBL SINK ill BATH. ASM BSMT FINISHED SAME AS OTHER UNITS, IOASMT/ASSUME -RENTER CALLED BUT NO OWNER APPROVAL EVER CAME THROUGH. 091MOLDA13ATEMF-NT I -1 k LOGIS - Property Data Systern - City of Brooklyn Center 41tes; on BC Server <C:TrogramFiIes`kLogIs DS Property r� �r �'. Street Narrre r_r 1 pflot'W on file '� TodaVls lots_ OMOG 010 _'k . 1 sket Releas =e. 1,r -t141 �t �tltC.fle.��^: � �.� '�` � . �t1(e� }CNl'Eite ` s ,z jt Lo �d on user_ KCA T Asse Comments t file � 11of13 f��e�airt�a - f{�Cen ��y~t+afF��: Marc e arrlr 2 Clear PrintIV,ef PI °rrtes percel'S:t�: tstwTBV Parcel Administration P Sates arcel information Inf o ssesor Comrrrents have Tear valet Saes R Marcel Divisiori6q _.. ry P1I U Taal Temporary pd Sale Late 0 108/2 O .. f Ratio patio Assessment Year) Version 200911 Assessor Pr L1pd ,..�r� ,. ..... Assessor Inquiry ale Price: �w 4r ,rte 1 ' even �e sment r ear: �._.. C1 T 9 et Inquiry �a.Th ovalent: .��... _ Override Version: Q :- ValuesAdrwiiltafion Values Information Type of 01 V /arranrv T4 MkI: 1�5,1Gttl Hennepin County Trar Sales Ratio Cam: _ Homestead Update Last Appraised Year t„ Eomrrlents; ' LMV Update �� Tax Capacities Updab Value Notice File -; Sales Administration 7 - Saler; Records S ales Information Cute i Price Cash Etatriv Type RA-6 Code ' Comroents AiYr Ver Uv,Yr ' v,Ver Sales Ratios ► r.19tC, 'i141ci 4L1 Lu1L t11 1 2tJ9 1 0 Comperables Informati m ' Minf+ax modes tr1 11 1901 ft11t� 0 01 00 _ 2006 1 fl tut U', i1 165,00 rt of 00 PTS - 4 i - Ln3 1 ; .. #t Piice/T ime A4 men ...... Weight Parameters t 1�t�1 r2��C9 130 11th _ It 11 01I PTS 2000 2no5 M _ 1 ' 0 0 ` Cc mparaoles Batch It 10)0119% ,' 11r`O ; t 1 11 00 2005 1 0 . f1 m_ _... . 4 Ptrlperk+y Characte t s 4/131, 69 f10 ; 0 11 910 _�� -_- 1 . 0 . 11 Land tt 9' 1 X11479 9-,9 5 F _ 0 11 99 PARTIAL �C�it9TRL�TIC1f l � � " 1 CI � Irrspectitst'rs " Residential Commercial I rdiustria MultiFamily Field Card print LAMA 1J Assessment Projects `• jj specialAssessments Repml Awnw: 11"uh I At City of Brooklvn Center Printed: 04 OW2010 Page: I Permit List Permit Vkt for 5325 71411 (Ir rit IAA AWN JAPI VK�Nuivdm comml QuAvas Lmdlqk Dudsm GrOhnallys IRSISM, on, 1-41WAIlf BCO37061 'SOJOO llmldlfw Re idcntO Singic FanW Replacc DABA FEMENT 11,1 7/200K 02123,T2009 AND CUR I TICATE OF M ( I TAY Y IR IMP I ml U MW lbmnhmno RqW I UAR (WI AND MMW2M7 POLM/2007 RIM MA IK031219 $9 6 INddmg To"nhomew RVOKC IFARMAND MMKOHM I I MNNH)6 RUR(WM IKIO1218 WWI Huiwmg Tomphmpus Repinc I'l AR011AND 08109,2066 1110212006 RI RON IKV12DOI WWI Wdmp I!mnhnnw; Rcpbcc 11 ARMYRER()(3F 03'03!19(,)9 (4126/1999 IKINGS68 IWT Ph"nNnp Rumdumid Rph" WA "A HOMER 0 111 1,11 (Mi 03I07/1eN6 Permit Count: 6 CITY OF13R.O( . )KLYN CENTER fi LICENSE INFORMATION 11/1) 1 -'s 111 Q2 143,0000 License Information: tt'2 License Number: 01004444 License Status: A License Type: Rental License Location'. Brooklyn Center Business Applicant: Company: Douglas Allen Wahl Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN Business Zip: 55418 U Telephone: 6127828888 Assigned Dates: 1 Applied: 21'2/2009 r Inspected: 2/23!2009 /2009 Co , Council: 3/9/2009 Issued: 3/12 ALA Expiration: 2/28/2011 Hpr UU eulu 1:08HM HF LHbERJtl FHX p•5 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 0, 2010 You must return this application by April 9, 2010, to be placed on the Agenda folr the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. n Name(s) �C_Gr - rt,I Daytime Contact Number: Property Address Property Identification Number 0 i Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi - family? - lf you are appealing a commercial, multi- family or residentlal rental property you must include Income nd expense data for calendar year 2009 with your application. What is r P4 I the reason you are appealing your 2010 assessment? U/� r s - . I aCLs' � !5 ,sue �r f [`y.ag�e�► rye v . ,� M A&,:Ir t-r..9' tat e- r h, --j i /7". f >✓iir►. e3 . , (,r C, tt+. ;C'! f-•, When did you purchase your home ?,� Date of Purchase -/ kv Purchase Pric Did you purchase your property from a bank, as a foreclosure or short sale? Has your property physically changed since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estima ed cost. Have you had a recent appraisal for refinancing, purchase or a market analysis by a r al estate agent completed within the last year? Ye or No �3. If so, what was determination of value? / ,� What do you think the market value of your property should be? el IX Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation en , appointment to view the Property will be required Apr 09 2010 1:08PM HP LRSERJET FAX p•6 Com �Holay, April 9, 2010 Summary of Comparable Listings ' This page summarizes the comparable listings contained In this market analysis. j Active Llatings aggress Price Bds Bth TF8F $18q Built Style Ust Date DOM CDOM 3354 70Th Clrcie $44,900 2 1 1690 $27 1979 TWNSS 02/1011010 j 58 492 5306 71St Cirole $129,900 2 2 1464 $69 1979 TWNSS 03/2911010 11 13 Average &; $87,400 2,0 1.6 1672 88 1876 3b 253 Pending Listings Address Pries Bds Bth TFSF $/Sq Built 8grie Off Market DOM CDOM S■ 6362 72Nd Circle $50,500 2 1 1021 $49 1983 TWNSS 04/0212010 8 8 Averages; $ 50,500 2.0 1.0 1021 $49 1083 8 8 Sold Listings Address Price 5da Bth TFSF $!Bq Built Style Sold Date DOM CDOM S. i 535071 St Circle $40,000 2 2 1364 $29 1980 TWNSS 07/242009 33 1b3 5419 70Th Circle $38,000 2 1 526 $108 1979 TWNSS 03/24!2010 9 9 5348 707h Circle $47,500 2 1 1154 $41 1976 TWNSS 01126/2010 i 36 35 6329 72Nd Circle $49,600 2 1 904 $55 1948 TWNSS 10/222009 a 442 5305 72Nd Circle $46,000 2 1 920 $50 1984 TWN68 04/20/2009 j 62 52 5415 N 71St Circle $60,000 2 2 1681 $32 1971; TWNSS 06108!2008 6 5 5319 707h Circle $64,900 2 2 1480 $38 1979 TWNSS 10116/2009 i 9 9 5403 71St Circle $66,000 2 2 1664 $41 1979 7WNS6 07117 /2009 14 265 5322 72Nd Circie $61,500 2 1 1004 $81 1983 TWNSS 031262010 I 196 349 5342 707h Cirole $82,045 3 2 1622 $51 1979 TWNSS 06/2612008 112 112 Averages; $83,888 2.1 1.5 1220 $60 1981 47 143 I Medan of Comparable Uatmgs: $50,300 - t Average of Co mparable Listings: $80, On Average, the 'Sold' status comparable listings sold In 47.30 days for $55,;585 Pr I Hpr 'W3 eulU 1 : U8vM HH LHSERJE I FHX P.'/ CEL Monton, LLC Profit & Loss 5418070TH CIR Jan - Dec 06 Ordinary Income/Expense Income 4100 • Rental Income 11,165.00 Total Income 11,165.00 Expense 5100•Insurance 8110 - Property Insurance 100.65 Total 5100 • Insurance 100.65 5200 • Interest Expense 6220 • Loan Interest 5,D6D.D0 Total $200 • Interest Expense 5,080,00 5300 - Repairs 682.00 6400 - Utilities $420 Water 27x.78 5400 Utilities - Other 88.96 Total 6400 - Utilities 384,74 $490 • Condo Assoc Fee 1,835.66 8200 - Taxes 6230 - Property Taxes 1.704.48 Total 5200 • Taxes 1,704.48 7090 - Property Maintenance 58,78 Total Expense 9,636.27 NO Ordinary Income 1,528.73 Not Income 1,528,73 i i i I I i i Page 7 i I Review Of 5415 ?El' C it PID# 28 11 21 43 0108 For Ce.lMonton LLC 2010 Board of Appeal and Equalization s g s. f ' t aW+ -• t u t �F ,y Report Nanw: Taxpayer Inquiry City of Brooklyn Center Priwed :4 15 , 20 10 Pag 1 Taxpayer Inquiry I Display House r Street Name Gi e J,�.j)Izlt t MI) T ,�,I) Ian I�L� !�tYC 3 ., f �r �; � t 28-119-21-411-0108 5418 70th Or 55129 Last Name First Name M171 Owner Taxpayer Resid {. el Manton LLC Y Y N wag Left Sid Rrar Side Right Si EM Width Eff. D—Wh Property Area Acreat: Zonin PIS ExemttCodg SchoolDi Watershtd VrOui1t 34 (} {1 t) 0 88 2,992 0.00 R3 0279 14 1179 igk Land Value Bld Valu Mach Val To(Mkt_Vain j !LOV d Midy Ali t %Own P 21110 1 1 25,000 9 1' 3100 0 116,300 1,163 N N N Y {1 N 2009 1 1 311,0 0 9 103,200 0 133.200 1.332 N N N Y f> N 2008 1 1 30,000 89,400 0 119,400 1.194 N N N Y t.1 Y Lot: 035 Block: 001 Additi on; The Ponds Plat T wo f' 3 � I � h'x City of Brooklyn Center PID: 28-119-21-43-0108 Property Type: Y - Townhouse Value Infra, Residential Field Card Property Address, 5418 70th Cir zoning: R:3 year. "Version 20101 1 Printed 041 13 D Lot i Block;: 035 1 001 Dwelling Type: T v* nhome La rrt; 25,000 Assessment Year: 2010 Additiom The Ponds Plat Two Owner(s): Gel hlortmn LLC Bid z 91,300 Version 1 District: Total: 116,300 Neighborhood; 0191 E erior 1 xle or la a nk �; - -, i l l d t tir „ ,_," �� r 1,Fiafi �q� Totafi Model Garage #1 Area (SgFt): 1,012 Kitchen Rtg Standard Interior: Interior Res. Corld: Average Placement Tuck Under Type, Regular Interior, Sheetrock Trim: Trim. D welt Type: Townhome # of Gars: 2 Finished ( °1c : 50 Trim: Hardwood Floor: Floor. Int, Layout, Standard Floor Area 440 Quality: Very Goad Floor: Carpet Avg, Clear. Height: Avg Clear, Height: Adjacent Property: Equal Condition: Excellent # of Fireplaces 1 Avg, Clear. Height: # of Fireplaces # of Fireplaces:: Manual Assess: N Exterior Walls Wood Epic. Quality: Very Good # of Fireplaces Epic, Quality: Epic, Quality: View Equal Avg- Clear Height Fplce Quality: Actual Age: 1979 Elec Svc: Standard Arch "Appeal Average Garage #2 Htg Forced air_ gas fired Effective Age: 1980 Walkout_ Standard Walkout Placement: 1st Baths # " Qtsaiity: 807 Placement Quality: Excellent. d lQ+uatltYl 2nd Baths (*/Quality) ire! 'Baths { #i ' Renovated Age:: # of Cars. Spa: I Spa: 1 Spa, I Shape: Square Floor Area, Dty: 1 l Very Good Dlxe i Dix! I Functional Condition: Full I Full: 1 Full: d Style. Split Entry /Foyer Exterior Walls: 314 I 3I4: 1 3 I Economic W Basement Baths *Quit. 11Z f 112: 1 11Z f Construction Wood Frame p t Building Areas . .. Glazed Area: Spa. i Exterior Walls: Wood Dlx I lstftodm Qdur# 2nd 066M Cour«t3rd Rtzo» Count Unfin 1st G8A° Quality Full: I Bedrooms: 1 Bedrooms: Bedrooms. Unfin" 2nd GBA: Exterior Trim, Brick Screened Area: 3r4, 1 Baths: 1 Baths: Baths: Unfin. 3rd GBA. Quality Open Area 112: 1 I Very Good Family Other Other: Unfin. Total GBA Reef Type Gable Living. 1 Total Rooms:. Total Rooms:. Quality Dining 1 1st Floor Area 824 Basement Roam Count Rnaf Cover Shingles Kitchen 1 2nd Floor Area Bedrooms: Other, 3rd Floor Area: Patio Bedrooms 1 Total GBA: 924 Window Type 1 Gliders ' Total Roams:: 4 Patio 1 Area. 176 Family 1 Plat Value Window Type 2 Quality: Average Kitchen Patio 2 Area: Other: Value; A Conditioning Central Quality Total Rooms: 1 Desc: Total Rooms Dormer Length. Deck Sedrooms� 1 Deck �s Sala '� ttts�ttf 3 �', Gttlrreollf ' � � Baths: 2 1 Area: 175 v Dormer Quality: Date: 0411512008 Appraiser 1D 1•;, Ap ID- Famity; 1 Quality Average Price: $52,000 Appraisal mate: 0$103'2009 pp Living: 1 # Patio Doors: 2 Deck 2 Area: y Dining: 1 Quality Code: 1'a Reason: t2uinfrle Rev�w Appraisal Date: ° Des-, Forced Sale Result. Left Tag Kitchen 1 Other: 0 ' Last Interior Inspection. 07/15/2003 Reason: Total. 5 Pool' Pool 1 Area Result: Quality, Pool 2 Area: Left Tag: Yes No Quality, Comments WRAPPED ORIG WINDS & EXT. ASM SHRK IN GAR, HANDICAPPED SETUP WITH ELEVATOR/UNSURE IF STILL PRESENT, NO FUNC Amenities ADJ BEGINNING 10ASMT. ASM DBL SINK IN BATH, GAS FP INSERT. ASM CT IN BSMT BATH, 10ASMTiASSUME NO RESP" LOGIS - Property Data System - City of Brooklyn Center 4iles on OC Server 1 <C:AProgramFiWsALogis)PDS_cs> 77 Property ID Howe# Street-NAme Unr t 1 Photo(.) on rite Today's Bete: 04,08, 010 1 Sketch (es) on file 1,07,041 �� S 11S 21 3'CTI{7 Addre F 1 1 . , M, Asse sor Cornments�on rile � nG er�'�rr r �� ( PDS JjL4j 11 Of 12 1 'Parcel Seetch 2 Char Print 4 Viev, Photos Parcel NUs: ACTNE Parcel Administration Inf Parcel Information Asse�sot Comments Q save D dear )< Delete to Sales Report Parcel Givisionin Temprx P1Ct Updat __.. Triad ar r y Sale [late: 014,15'20 '� Raho Ratio Assessment YorIVersion - . 2tl0S 11 Assessor Project �1pd� Assessor I Sale Pry` 52,000 2 S.c Override A#�srnent Year � 1 axpa der Inquiry, Cash l< valent: Override Vetbr`r: ft _ Values Administration v.. .. , Values;lr�trrtrr �r Ty eotSale: rj1 - wa ranr Tot Mkt . � 1,31201 Hennepin County Trar." Sales Saba Code; Sale Homestead Up at 1 � Forced J �r Last Appraised Year ! Cemm�rts: t �k LMV Update- Tax Capacities Clpdat, Value Notice File S ales Administration 2 -Sales Records ' es Inlormatiorr Date,"', lr ;algash E quiv Type Ratio Code Comments As.Yr Vet OY,Yr O+vY i " � �; ` sales Ratios M 04 �2 ttCl��i t tT1 CompaisE1 � 3 1 Ca Cl Mirriax_Crides I _.... _... a_ ... � �slrifortr r ` 05, 60, 5 : 11 = 99 F ,RTI I C 20t3 1 E3" Q � i Price /Time Acljustmeen ` Weight Parameters Comparables'Batch U ,4 Property Characteristics Land ` Inspections Residential Commercial / Indrst6,- Mrr�i- Farrar#y Field Gard Print` + Lj LAMA w l ,Assewner -k Projects , Special Assessments C NINON Report Nhnw: Pcnnh I At City ol"Brooklyn Center Pdnwd: al H&Q010 Permit List logo I I'vrmit list for: --, 418 70(h Ci• kumJ1 i LOA Ybu rmfqitj 11 J-N- "I NINK111 Pht x1m ii a LN f —am UUM humApals T nATAN A 0 A M z I L x a I a 4 q a 14 1 v -11 LutAfm —jRi -doj1D_0 R' 13 03440? Slow Awa & %Mn M MCI Repaii S D W BOX m p N I k TO 15 2WIN MOMS 811,12211 $5w PlmnNng ReOdemml WASH & VEN F 03/29/19a0 06,'02. IV V IT 127 SAM lhddmg Reidenfial *�inglc Famil Rcmmfd 11-Vill 031819 Wov� 11) 13('() 1 JINS WIM mwmq Tmnj1(mIe$ Replacc 'I f--AR01=PRF1T(,,�1()f' 03mi 1'KI9 Mwl9w) IV 110mvit VAM MUM I unme Ad&hm (ms 1 MT OW26/1997 118`2 t Y) 7 INISFRT Permit Cmint: 5 CITY OF B ROOKLYN CENTER. LICENSE INFORMATION I'll): 2SIIV21430 7t1N License Information: License Number: 01004199 Li License Status: A License Type: Rental License Location: £` Business Applicant:. Company: Douglas Allen Wahl Q Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN Business Zip: 55418 Telephone: 0127828888 Assigned Dates: Applied: 8/27/2008 U, Inspected: 9/1912008 LZ council: 1/12/2009 Issued: 1/14/2009 Expiration: 8/31/2410 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equallzatlon held April 19, 2010 at 7 :00 P.M Names) . O t; L- - Daytime Contact Number: '� — •'� Property Address r U , Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi - family? if you are appealing a commercial multi- family or residential rental property you must Include Income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 .1 assessment? L- '- I"� L! V`'L /t.fC d K +t.N / 7 •� .A� T � �'C 4 ,. ,l �. �f �U When did you purchase our ome? Date of Purchase � - r��<F Purchase Price Did you purchase your property from a bank as a foreclosure or short sale? Has your property physically changed since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. !mod Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? e If so, what was the determinatlon of value? l Ks�rn 7'I Aa What do you think the market value of your property should be? 4 /t. Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application, In order to avraeal your valuation an appointment to view the property will be required Comp F Iday, April 9, 2010 Summary of Comparable Listings This page summarizes the comparable listings contained In this market analysis. Sold Listings Addreaa Price Bds Bih TFSF $ /$q Built style Sold Oats DOM CDOM S� 0931 Perry Avenue #80,000 2 2 1830 $33 1968 SPEBI 03/0912009 1 10 10 7055 Perry Avenue $74,501 4 2 1080 $45 1957 ONEST 01120/2010 1 1 4824 71 St Avenue $72,600 3 2 1100 $06 1958 ONEST 04/24/2009 15 187 6924 Scott Avenue $60,000 6 2 2208 $23 1958 SPED] 03/30)2010 2 7019 Repent Avenue $801000 4 1 1824 $44 1958 ONEST 06!01)2009 22 197 6913 Toledo Avenue $97,500 3 2 1880 $59 1859 ONEST 03/15/2010 5 113 6945 Major Avenue $96,000 3 2 1501 $63 1959 ONEST 12/30/2006 3 199 4825 71 St Avenue $90,000 4 2 1798 $50 1960 ONEST 0111512010 21 21 6927 Lee Avenue $93,000 3 2 1522 $61 1952 ONEST 06/15/1009 45 45 7013 Regent Avenue $112,900 3 3 2150 $53 1958 FOURM 02/26/2010 46 56 Averages: $82,640 3.5 2,0 1720 $50 1988 17 90 Median of Comparable l.latings: $85,000 Average of Comparable Listings: $82,640 On Average, the 'Sold' statue comparable llsiinga sold In 17.00 dgys for $82,540 NMI, I �. 9.1 CEL MQnton, LLC Profit & Loss 7030 REGENT Jan - Dec D8 Ordinary Income/Expense Income 4900 - Rental Income 12,16D.00 4200 - Fee Income 4260 , Application Fees 70.00 Total 4200 - Fee Income 70.DO Total Income 12,230.00 Expense 5100 • Insurance 511D • Property Insurance 633.09 Total 6100 - Ina urance 833,08 5200 - interest Expense 5220 - Loan Interest 4,807.50 Total 6200 • interest Expense 4,807.50 5300 Repairs 1,195.75 5400 Utllltles 5410 Gas 499.55 5420 • Water 105.36 Total 64DO - Utilities 604.91 DODO - MATERIALS 893.34 5200 - Taxes 6290 - Property Taxes 2,503.46 Total 6200 • Taxes 2,503.46 7040 - Licenses and Permits 400.00 709D - Property Maintenance 782.75 7091 - Cleaning Expense 770.00 Total Expense 12,540.77 Not Ordinary Income - 310.77 Net Income - 310.77 i Page 1 Review Of 7030 Regent Ave PlD# 28 119 2144 0057 For Cel Monton ITC 201 Board of :Appeal and Equalization / a 4 40 E � it Report Name: TaNpayl r Inquiry City of B1'£)t)I4lyn Venter. Printed: d 152 Taxpayer Inquiry Disialay 1'1Lt Noose Nb Street Name uni `Mitt 28-119-21-44-0057 70,30 ite {unt Ave. N 55 =129 Last Nana FIN 'dame Qwng Taxpayer Resident Wahl Doug A Y Y N rontag Left Side Rear Sid Right fide EL Widtb Eff. I)XVILi Property Aren Acre M Exem t ode Sc1 ool Dist Watershed Yr Ru ilt 75 137 75 M 0 0 10,312 0,00 R 1 0279 14 195 I YU Land Va14g Bldg Valug Vlach y Clue Tot Mhj Valae Tom, Ca Ilmstd Midvr 1j" Pj ow I 2010 1 1 47,000 84,900 0 131,900 1,31q N N N R 0 N 2009 1 1 58,000 92,600 0 151,500 1.515 N N N R. () N 201111 1 1 61,200 116,100 0 177.300 1,775 Y N N It 1.00 N Cots 17W Block: 0111 Addition, klifler's Willow Lane Second Addition `fi J a t 4 M Y 5 PAYABLE 2010 PROPERTY TAX INFORMATION HQUIQCs CODE 7 PROPERTY ! Z? Psc c STH DST 279 WTRSHD 8 SWR DST lFPRO! 0 MUNIC 12 PLAT 89606 PARCEL 044. MTG LOAN # �WNER :EL MONTON LLC DiTS CO CODE R/S D/S 0 PPCP ADDR 7030 REGENT AVE N CONDMN 4 TAXPAY N/A RIFIVE !NC 04/30/2009 1845 STINSON FKWY N E FIC, M - : F R LN 1 0 MINNEAPOLIS MN 554H MKT VALUE TAX 3 STATE GEN TAX-' .00 GROSS TAX 2,02.le IMPROV AMT EST Mv 151,500 QUAL IMPROV HYSTD 0 1 HMSTD CD N AG F/s TAXABLE MV 151,500 OVER 10 ACRE ,515 320 ACRE LIM! NET TZ 2,M.19 SOLIE WASTE FE . 0 C') DEF STECIAL HT YR SPECIAL, .00 BANKRUPTCY TOTAL TA.X 2,281.18 TARGETED AREA NET TAX PAID .00 LAST PM7 DATE 71 F/L Ci/CONTRACT NO ED AREA TO 001i EARLIEST DEQ YR FD AREA DIV PEN21NG TAX APj PEN D SPEC ADi PEND LOCAL TC 00 PFF PENDING PFR DATE PFR LOCAL TX 1,903.62 City of Brooklyn Center PID: 28. 119.21.44 -0057 Property Type: R - Residential Value Info: Residential Field Card Property Address: 7030 Regent Ave N Zoning: R1 Year/Version 2010 1 1 Printed: 0411312010 trot I Block: 003/001 Dwelling Type, Single Family land. 47,000 Assessment Year: 2010 Addition: tvliller`s Willow Lane Second Addition; Owner(s): Doug A Wahl 6109 84,900 Version 1 District: Total 131,900 Neighborhood: 0051 I~atterlar 1 " kterlar Basem �i�car � r j otals, Iv4odei: Garage #1 Area (SgFt)° 1 Kitchen Rtg Standard Interior: Interior: Res Cond: Good Placement. Attached Type: Regular Interior: Sheetrock Trim: Trim: Dwell Type: Single Family # of Cars; 2 Finished (IX,) 75 Trim: Hardwood Floor: Floor: Int, Layout: Standard Floor Area 440 Duality Very Good Floor. Carpet Avg, Clear. Height: Avg Clear, Height: Adjacent Property: Equal Condition: Average # of Fireplaces; Avg, Clear. Height # of Fireplaces # of Fireplaces: Manual Assess: N Exterior Walls; Wood Fplc Quality: # of Fireplaces: Fplc. Quality; Fpic. Quality: View Equal Avg Clear, Height. Fplc, Quality: Actual Age: 1958 Elec. Svc: Standard Arch!Appeal: Average Htg Forced air, gas fired Effective Age: 1985 Garage #2 Walkout:. y acemoenv t ( * ( ty} { ; Renovated Age; Qualit : BQ7 Pl Walkout Quay' ')st Baths #ua1 2nd Baths #t4�t�a11 3rd Batlt'et #tQua# Y) of Cars: Spa I Spa: ! Spa; 7 Shape: Square Floor Area Dlx I Dlx; ! Dlx: Functional Condition Full 1 I Average Full: 1 Full Style One Level /Rambler Exterior Walls: 314. 1 314; 1 374: 1 Economic °lrr: I 1 t Construction Wood Frame Porch Basement 04this (#iQuaLl 112. 112; 172: Spa. 7 ��tlldlftg Areas Glazed Area: t#otsnh Qount 26d Room Count M t Counit � - . Unfin, t st GBA: Exterior Walls Wood Quality, Dix: I Screened Area Felt: 1 Bedrooms: 3 Bedrooms: Bedrooms: Unfin, 2nd GBA: Exterior Trim. 314 1 7 Average Baths: 1 Baths: Baths: Unfin, 3rd GBA: Quality, 112: l Family: Other; Other: Unfin, Total GBA: Roof Type, Hip Open Area: Living: 1 Total Rooms Total Rooms: Quality pining: 1st Floor Area: I,000 Basement tt� Q6tt • Kftchen; 1 2nd Floor Area, Roof Craver: Shingles Patio Pa i Ar Be Brooms, 1 ther Rooms: 5 3rdF r A rea: 1 Window Type 1.DoubEe Hung at o ea Fam ily 1 Window Type 2 Quality Kitchen; Fiat',Vailue Patio 2 Area Other; Value: 500 Air Conditioning. Central Quality Total Rooms: 2 Desc: EGRESS Total Rooms Dormer Length: Eyck Bedrooms: 4 Deck 1 Ares: 16$t °�� #tl# �� b Baths 2 .. Famil Dormer Quality: Date 1012012008 Appraiser ID 18 Appraiser ID�. : 1 Qu 2 i Average Prce: $75,000 Appraisal Date: 07/03/2006 Living; 1 Patio Doors; Deck 2 Area: Dining: 0 Code: 15 Reason Quintile Review Appraisal Date QuQuality, C ; p'p Kitchen. 1 Desc: Forced Sale Result Exterior Other: 0 Last Interior Inspection ° 0810611998 Reason: Total ° 7 Pool Pool 1 Area: Result. Quality Pool 2 Area Left Tact Yes I No Quality Comments new roof egress window tempstar=F Bay window 5 X 8 WOOD SHED = NV ABOVE GROUND POOL µ NV NO RESPONSEIEXT INSP 03 02 Amenities NEW WIND Private property /No Trespassing Sign on gate Assumed 2007 4�� "operty Data of Brooklyn C. es on BC Serve {. F s , F , 1' ` F rwet #y ID fir: e ' ' itr r?r?t 1" a wane Unk 1 P (s) on file Today's Rate_ W:1M010 r_ w "ti(a ) viii • Release- 1 07.041 Addrets: F74 21-44-0057 ::: , . �.r +, ,. �' � Lo on fit. >eY: KCA aTO 'Balls .� fAsses�nra - Karen CAs4ofF�DS 1 Parcel Search 2 Clear •.. 3 Prinl 4 View Photos Parcel Status: ACTIVE Parcel Adminisfratkx-t- Sates Inf ormatio n Parcel Information fi ,Ak Assessor C6rr nis , � Save �} Clear = Delete Parcel Caivisioning TemporaryF`ICa Llpda 3 r f Sate i Trial 10/20'2008 f %Ratio Ratio A e 'sme "dear / Versiorr 2001-11 Assessor Project Upd " Asse sot tnquiry Sate Price: 75,1:0 _ Override Asie smer- Year fI Texp yer In q* Cash equivalent: w 'Values Administration Clverridr "erslc�r� tl Values Information Type of Sale: ( 01 Warranty Dee � Teat Mkt: 151,E Hennepn my Trar- Sales Ratio Code° Homestead Update 15 Fr rr eE� ,alp Last ApOraised Year L Comments: p t Lhi�' Update 1 Tax Caparrties Llpdat, Valve Notice File Sales Adm6ittration 4 - Safes Records Sates Information Date Ptic:e Cash Cq iv T,� - - -- Flak Code Co menu s. r`r .fifer - Ov 'r Clan et +I SetasRatios ' 1 0,/Z1 I' 75,070 01 15 . A .. tales thformati = , _ -... _ ._ .. 2QC . -._ 11 / 2 r7GS 17th 000 0 1 1 L1 Compara _ � Mint art Codes �t q1 _ �.... 1 W . �.._...... ; � 2 11 E� Price /TimeAchustmerr -.. �. 004 - �_ .... 0013 - 1 0 0� 1 4,01 / 1978 � 47,000 t1 11 QP � _..... _. .. Weight Parameters . _. FROM hfit_,a ComparaMes Batch U Property Characteristics ' Land I nsptions R esidential Commercial / Industri Muki -Family Field Card Print + ' CAMA + , �J Assessment Projects ;'i Special Assessments Repoi Name: Petubt I At City ot'Brooklyn Center PHnwd: OXON 20 logo I Permit List Permit Usl for: 7030 REGENT AVE N tumA Y LWI t 1TWAst AM SS Anklyz punwatly WUM juMADVI MaIM, WOWS, hdf�twQhwtr 140119 $330 Twhw WNW UWW "M RMha RFT1LA(T I WINO MV (�5ti,42002 12/11/2002 IN FAIS ING MM3717 Fami! Replace I FAR(HURFM 4; 001)8 19'0) 4-1,14'2000 Permit 0millf: 2 CITY OF BROOKLYN CENTFR LICENSE INFORMATION ND: 2S 1 Q21 4400-'� License Information: License Number 01004465 License Status: A License Type: Rental License Location: Brooklyn Center rM Business Applicant: r- Company: Douglas Allen Wahl U Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN 1- Business Zip: 55418 Telephone: 6127828888 Assigned Dates: Applied: 2/1812009 a Ai Inspected: 2127/2009 Council: 4/13/2009 N 4/14 Q Issued: I 1 2009 r Expiration: 2/2812011 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 Yoiw_ must _return thls application by April 9, 201 be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s ) _ Daytime Contact Number Property Address (fG Property Identification Number - c7P - / - 1.5 - - 7 - 7 Assessor's 2010 Estimated Market Value f_. Is your property residential, commercial or multi - family? If you are appealing a commercial, multi - family or residential rental property you must joolude Income End expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? G• rnlL� 4/�J JEL.. lse�,�L l.'. / - LS When did you purchase your home? Date of Purchase '7 -I , Purchase Price Did you purchase your property from a bank, as a foreclosure or short sale? � Has your property physically changed 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 r a market analysis by a r0al estate agent completed within the last year? Ye If so, what was the determination of value? ? �'r'� ��'• ,fit 6 _ e- What do you think the market value of your property should be ? Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation an appointment to view the Property will be required Comparative Market Analysis Frdey, April 9, 2010 { Summary of Comparable Listings This page summarizes the comparable Ilstings contained In this market analysis. i Sold Listings Address Price Sds Bth TFBF $ /8q Built Stkyls Sold Date DOM CDOM S= 8312 Howe Lane $30,000 3 1 998 $52 1959 ONEST 06/1912009 27 27 5013 867h Avenue $83,500 3 3 2498 $33 1959 ONEST 11/10/2009 23 23 $312 63Rd Avenue $98,000 3 2 1533 $64 1969 ONEST 10/02/2009 j 9 9 5224 657h Avenue $70,600 3 1 968 $74 1958 ONEST 07/15/2009 7 125 5200 Howe Lane $74,900 4 2 1968 $38 1959 ONEST 10114/2009 2 6331 Unity Avenue $30,000 2 1 1231 $85 1958 ONEST 12114/2009 30 30 6418 Quail Avenue $76,000 3 2 1576 $48 1968 ONEST 10/09/2009 14 141 5101 66Th Avenue $101,193 3 1 1437 $70 1959 ONEST 08/1412009 16 16 4812 Howe Lane $69,200 2 1 1022 $88 1999 ONEST 06/11/2009 61 51 6316 Quail Avenue $84,000 4 2 1260 $87 1938 ONEST 4713012009 11 11 6430 Unity Avenue $95,000 3 1 2294 $41 1958 ONEST 0713012009 134 134 5201 Eleanor Lane $79,600 4 3 1948 $41 1958 ONEST 10102/2009 65 85 5208 63Rd Avenue $107,000 3 2 1513 $71 1958 ONEST 12131/2009 i 28 196 5206 Paul Drive $95,000 4 2 1704 $58 1958 ONEST 0511812009 17 122 5306 Howe Lane $98,D00 4 2 1755 $58 1959 ONEST 08/1912006 117 377 5219 66Th Avenue $98,700 3 2 1827 $86 1959 ONEST 07/31/2009 14 14 5130 66Th Avenue $104,200 3 1 1138 $92 1959 ONEST 12/11/2009 8 9 6413 Regent Avenue $96,000 3 2 2038 $47 1968 ONEST 03113/2009 33 388 6419 Quail Avenue $100,D00 2 1 2016 $50 1958 ONEST 00119/2009 4 4 5016 667h Avenue $102,000 4 2 1708 $80 1959 ONEST 05120/2009 4 552 5206 667h Avenue $100,001 3 2 1222 $82 1959 ONEST 0310=01 0 i 26 26 5125 687h Avenue $50,000 4 2 176D $28 1969 ONEST 08/03/2009 6 6 5325 Eleanor Lane $140,000 2 2 1641 $86 1068 ONEST 02/03/2010 26 200 5200 667h Avenue S121,000 3 1 1200 $101 1969 ONEST 0 1/0712 01 D 20 20 5200 Howe Lane $141,000 4 2 1900 $74 1959 ONEST 031111201D S 8 5101 557h Avenue $137,000 4 1 1481 $94 1999 ONEST 0'112912011 127 127 4912 1557h Avenue $147,000 3 2 2048 $72 1958 ONEST 09/3012009 1 77 239 6418 Quail Avenue $162,700 4 2 1723 $94 1958 ONEST 03/18/2010 70 70 8306 64Th Avenue $164,000 4 2 1920 $85 1958 ONEST 09/24/2009 I 140 182 Averages: $100,890 3,2 1.7 1819 $66 1959 38 113 i Median of Comparable Listings: $98,000 Average of Comparable Listings: $100,890 i On Average, the 'Sold' stalus comparabla listinga sold in 38.39 days for $100,690 all rpro-4) i + fr ` Apr 09 2010 1:08PM HP LASERJET FAX P.1 CEL Monton, LLC Profit & Loss 8801 UNITY Jan - Dec 09 Ordinary InCOmWExpense In 4100 • 12ental Income 11,780.00 4200 - Fee Income 4220 • Late Fee Income 40.00 Total 4200 - Fee Income 40.00 Total Income 11, 790.00 Expense 5100•In aurance 6110 � Property Insurance 576,134 Total 5100 - InsuranCS 578.64 6200 - Interest Expense 6220 - Loan Interest 6,815.49 Total 8200 • interest Expense 5,815.40 5200•Taxes 6230 • Property Taxes 2,733.50 Total 6200 - Texas 2,733.50 Total Expense 9,127.83 Net Ordinary Income 2,882.37 Net Income 2,662,37 Peg* 1 Review Of 6601 lenity Ave N PID## 33 119 21 1 00 77 For Cel Mont on L 2010 Board of Appeal and Equalization 3' WAS ��� a✓' � 1 Y � k ':.. F � s x F . g 3e��. Rgiort Name: 1 axpa \t,r Inquiry t�' rvt�k.1�'n Center Printed: t°1511" 010 1'tzG: I T'axpaN er Inquiry D is p lay PI House ter tru Nam ER4 Zill Code �. 11r1- 21 -13 -() {:)77 66 01 Unity A NeN 55429 Last N rile First Name QLV T axpayer Resident Cel Manton LLC `r y N F ont g lAft Sift fir. 5ide Right Side FA, Width E DIVA PtupgrlY Area Acreage Zonin n Exempt ',odc School Dist Watershed Yr Ru_i 75 127 75 127 75 127 9.525 0.00 RI 0279 14 1 959 k r Ver #subs Land Val Bldg Valu Mach Value Tot Mkt Valu Tom- _ Cup Umstd Mi y F 20 10 1 1 47,f10t) 85,1100 0 132,800 1,328 N N N R tl N 20110 1 1 54 „000 9,1, 2 0 0 0 152,100 1,521 N N N R 0 N 20118 1 1 6 1,700 115,600 177,300 1,773 N N N R 0 N Lot: 037 Block: 001 Addition: Dolma s Brook I -N n C;rardens 4th .Addition �y a8u a r i I City of Brooklyn Center PID 33-119-21-13-0077 Property Type: R - Hestrferittrts Value Info: Residential Field Caret Property Address: 6601 Unity Ave N Zoning: R1 YearlVersion 20101 l Printed' 04/13 Lot t Block: 037/001 Dwelling Type: Sing ;e Family Land 47,000 Assessment Year: 2010 Addition: Dcnnays Brack Lyn Gardens 4th Addition Owner(s): Cet ttlonton LLC Bldg 85,800 Version: 1 District: Total: 132,800 Neighborhood: 0053 xtericlr 1 or 8asent ....... "iaart.Flcrart 3rd tt ,F...ofils`' -••.'' Model. Garage #t Area tSgFtY' 950 Kitchen Rtg Standard Interior: lnterior; Res, Con& Average Placement Detached Type Regular Interior: Sheetrock Trim: Trim'. Dwel; Type: Single Family # of Carte 1 Finished M), 75 Trim Softwood Floor Floor: Int, Layout Standard Floor Area: 468 Quality Very mood Rooc Wood Avg Clear Height: Avg Clear, Height: Adjacent Property. Negative Condition Average # of Fireplaces. Avg, Clear. Height # of Fireplaces" # of Fireplaces: Manuat Assess: N Exterior Watts: Wood Fplc. Quality: # of Fireplaces: Fplc, Quality: Fplc. Quality: View Equal Avg, Clear. Height: Fplc Quality: Actual Age: 1959 Elec, Svc. Standard Arcn.lAppeal Average Htg Forced air, gas fired Effective Age: 1985 Garage Walkout Quality: 807 Placement: Walkout Quality: Ist Baths (#/Quality) 2nd Baths (W a li ) 3rd t ths(#1Quality) Renovated Age: Spa, d Shape: Square Floor Area, DIx , Dix i Dix: I Functional %: Condition Full, 1 l Very Good Full I Full,. I Style: One Level /Rambler Exterior Walks: 314: 1 3/4 1 314: l Economic 1: Basemen! moths at 112: 1 1I2: 11Z I Construction Wood Frame cinch Building Areas E)derios Walls: Wood Glazed Area- Sa Dp � 1stRoc m Count 2fid Room Count 3rd kidiotn Count Unfin 1st GBA: Quality, Full: 1 / Very Good Bedrooms: 3 Bedrooms: Bedrooms: Unf2n. 2nd GBA: Screened Area: Unfin. 3rd GSA: Exterior Trim: 3/4 # Baths: 1 Baths: Baths 112: 1 Family: tither: tither: Unfin. Total GBA: Rc of Type` Hip Open Area Living: 1 Total Rooms: Total Rooms Quality D in i ng 1st Floor Area: 958 Basement Room Count Kitchen: 1 2nd Floor Area: Roof Cover Shingles Bedrooms. tither: 3rd Floor Area Patio Baths. 1 Total Rooms; 5 Total GBA: 958 Window Type t Double Hung Patio 1 Area: Family: 1 Window Type 2" Quality: Kitchen: l=lat value Patio 2 Area: tither; 2 Value` 700 A£r Conditioning: Central Quality Total Booms: 3 Dese: EGRESS & SHED Total Rooms Dormer Length: Cie ,. Sedroo 3 % r ' . � `, x� tlrrent tnspt on a Baths: 2 la Vi .: Dormer Quality Deck 1 Area: a..« , family: 1 y i 18 A ID i 07103/2008 A Date: Appraiser : Appraiser ID. Quality. D Living; 1 A 00 $84 Price: .+0 Appraisal #€ Patio Doors: Deck 2 Area: il bt 06/2612006 Dining 0 Code: 15 Reason, Quintile Review Appraisal bate: Quality: Code: 1 Desc: Forced Sate Result: Left Tag Other 2 Last Interior Inspection: 0810112001 Reason Total; 8 porgy Pool 1 Area: Result: tlualtty: Pool 2 Area`, Left Tag Yes t No Quality, Comments ' F =GE 5 X 8 SHED (BRICK & WOOD) ON SLAB = FC MF SOFFITS/FASCIA BRINKS SECURITY CT BATH AND KITCHEN Amenities Egress = FC No responseiassumed 2007 LOGIS - Property Data System - City of Brooktyn Center 4itesonEIC Server> -:C:WrogramFi(esXLogjsXPDS Property ID ti uia sheet Maine t_rn "' 1 I?hotoCe� filed Tee's elate: tt�Itt�8010 1 ketoh(eu) on trip Relea 1 07.041 Addr aa; 60T 11 tJi 7 6 on fill L _ ect'c�rr user, VCS T . �........_. Special Assessment 0. on (A wenjna - Karen Cattoi`PIM i of 7 1 Parcel S earch 2 Clear .. 3 ?tint 4 View Photos Parcel StRrtu ACT WE Parcel Administration � Parcel information Assessor Comments mar ," Delete Sales p et+rt Parcel Dwisionin Temporary PID Lfpdat � TAE Sete 07/0 _ +�+ Rates patio Assessment Year /Version: 2009/1 Assessor Prot Clpd( �► Assessor Inn r} i ale Price: #, t 1 81.1 Claetride Assess ert `� eat: 0 s Taxpayer ICY _ Caih EoyaIent: �,. � � � OvetrtdeVeasioh: 'Values Admiritoiation Vaiuei wormation Type of Sale, ;�01 'tiJarrant; Dee Tot Wit. 1,2,1011 He nnepi n County T ran Sa�� Ratio C _. Homestead Update Last ApptaisedY'ear L Comments: t LMV Update Tax Capacities U date p I Value Notice Pile rA Sales Administrates 6 • Sales Records Sates Wotmation 3 ,.. ► t7tO.� t D ate, i l _ . ...p # tic r ` f askrl z�ru , , p 'l I ati e�dr C trvnonts a.. s,Y e'er 0 {r .Ov,V'er Comp ables Inform h 11 r 3>3� Vii t1 t �ttC10 Q L� . t� I ........ 006 , ... 0 0 � MirOax_Codes Price /Time Ad stmen tl t S; 181 ,�i00 Q 01 tNJ 2 006 1 0 0 0810111 98 � 52,600 1) 11 011 2005 1 0 0 W eight Parameters Cornpaiables Batch (.l ;. 12/01/1 6F 900 0 11 CIO P 3 ,9 7005 1 0 = 0 `:,,5{ Ploperty Characteristics 121011 6 0 11 99 FA116L'Y aALE 2005 � 1 0 0 Land Inspections ' Residential Commercial l lyduslrie Mu�rFamity Field Card Print + CAMA j Assessment Ptojects Special Assessments it s. 4 �w�trh CITY OF BROOKLYN CENTER LICENSE E INFORMATION Pll-) 331 Q- t 13()0-7 License Information; License Number: 01004173 License Status: A License Type: Rental :! License Location: Business Applicant: Company: Douglas Allen Wahl Business Address: 1845 Stinson Parkway N, Business City: Minneapolis Business State: MN ri Business Zip: 55418 E! Telephone: 6127828888 Assigned Dates. Applied: 7125/2008 Inspected: 8/1212008 Council: 9/8/2008 t Issued: 9/9/2008 Expiration: 7131/2010 Apr 09 2010 1:OOPM HP LASERJET FAX P•1 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this appllcatlon by April 9, 2010, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s) Daytime Contact Number: (sa /4 - - 7 S - Property Address 4.-,4l3 IqV L- 1�10 Property Identification Number q /P� - ,;)/ — 3.? cor-i .7 Assessor's 2010 Estimated Market Value °� is your property residential, commercial or mufti- family? A " If you are appealing a commercial, multi - family or residential rental property you must include income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? cx- /t./C `77 A70 When did you purchase your home? , Date of Purchase / -.09 Purchase Price _"5 co - Did you purchase your property from a bank, as a foreclosure or short sale? W 95 Has your property physically changed 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, purchas market analysis by a real estate agent completed within the last year? Yes or z If so what was the determination of value? / &x /,,k _rrk ,, � ler� � 1C"c,/�'r4A - /,L; - aAI& What do you think the market value of your property should be? Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application, In order to appeal your valuation an ap_ointme,nt to view the property will be reaulred Apr 09 2010 1:00PM HP LASERJET FAX p.2 Comparative Market Analysis Frlday, April 9. 2010 Summary of Comparable Listings This page summarizes the eornparebie ilstings contained In this market analysis. Sold Listings Address. Priee Bda 13th TFSF 64q Built Styl4 Sold Dot! DOM ODOM S■ 6012 June Avenue $48,000 3 2 1492 $$1 1966 ONEST 04117/2009 20 20 8012 Pearson Drive $55,100 3 2 1820 $3E 1866 ONEST Oe/0$2009 48 307 3824 61St Avenue $65,000 3 2 1512 $43 1866 ONEST 0412702009 7 121 5901 Halifax Avenue $63,000 3 2 1100 $67 1955 ONEST 03/18/2009 7 173 4201 Janet Lane $107,500 3 2 1964 $54 1956 ONEST 49/23/2009 7 370 5816 Halifax Place $91,000 3 1 1040 $88 1955 ONEST 06/20/2009 13 13 6025 Brooklyn Boulevard $74,900 3 2 1780 $42 1965 ONEST 1213112009 46 46 4007 Joyce Lane $88,000 3 2 1798 $56 1960 ONEST 09/0112009 7 188 4018 62Nd Avenue $76,800 3 2 1926 $40 1960 ONEST 03120/2009 35 35 6000 June Avenue $86,600 3 1 1050 $82 1957 ONEST 04/17/2009 40 40 3412 62Nd Avenue $87,000 3 2 1206 $72 1955 ONEST 01/12/2010 82 264 3812 62Nd Avenue $92,600 3 2 1880 $55 1960 ONEST 03!0212009 28 28 6013 Pearson Drive $126,000 3 2 1840 $68 1955 ONEST 06/01/2009 10 168 5742 Brooklyn Boulevard $95,000 3 2 2380 $37 1855 ONEST 0710212009 7 184 3913 02Nd Avenue $90,000 3 2 1838 $49 1960 ONEST 08/21/2009 20 26 5805 Pearson Drive $93,000 3 2 2332 $40 1855 ONEST 0712812009 83 83 5913 Adrnlral Lane $96.90D 2 2 1840 $53 1955 ONEST 02/18/2010 7 74 6237 Juno Avenue $105,000 3 2 1602 SW 1966 POURM 06115/2009 8 503 6116 Kyle Avenue $114,600 2 2 1690 $61 1958 ONEST 03/2312010 145 145 5813 Halifax Avenue $128,900 3 1 1360 $95 1955 ONEST 11117/2009 20 20 8035 June Avenue $140,500 3 2 2027 $86 1958 ONEST 03/09/2010 17 147 3912 Joyce Lana $134,000 3 2 •1380 $07 1961 ONEST 05/27/2009 17 17 5843 Pearson Drive $135,000 3 2 2D90 $66 1965 ONEST 09/30/2009 44 44 8206 Brooklyn Boulevard $135,000 3 2 1706 $79 1956 ONEST 01/01/2010 110 110 4219 Janet Lane $137,000 2 2 1594 $66 1958 ONEST Deng /2009 38 38 5821 Drew Avenue $150,000 3 2 1244 $121 1951 ONEST 07/02/2009 63 284 5931 Halifax Avenue $180,400 3 2 1518 $106 1956 ONEST 06/04/2008 15 15 3818 Bas® Lake Road $125,500 3 2 1910 $06 1953 ONEST 08/31/2008 19 19 Averages: $103,693 2.0 1.9 1672 $65 1956 34 124 Median of Comparable Listings: ;07,460 Average of Comparable Listings: $103,803 On Average, the 'Sold' status comparable listings Bold in 34.28 daya for $103,893 Apr 09 2010 1:00PM HP LASERJET FAX p.3 9;24 AM CEL Montofl, LLC 04109110 Profit & Loss Cash Basle 8413 June Jan - Dec 09 Ordinary income/Expunge Income 4100 - Rental Income 8,376.00 Total income 8,378,00 Expense 5100 - Insurance silo - Property Insurence 286.71 5100 - Insurance - Other 253.70 Total 6100 • Insurance 529.41 5200 - Interest Expense 6220 • Loan Interest 714.45 Total 5200 • Interest Expense 714,45 6300 • Repairs 5310 Building Repairs 123.50 6300 Repairs - Other 5,574.97 Total 3300 - Repairs 5,698.47 6400 • utilities 5410-090 260.40 6420 • Water 185.61 5430 • Electric 81.22 5400 - Utilities - Other 142.04 Total 6400 - Utilities 688,47 $000 - MATERIALS 2,939,56 6200 Taxes 5230 - Property Taxes 2,124.18 Total $200 - Taxes 2,124,16 $500 - Professional Fees 300.00 7010 - Bank Service Charges 4.00 7040 - Licenses and Permits 1,800,00 7090 - Property Maintenance 522.30 7094 - Lease Bonus 200.00 Total Expense 15,522,01 Net Ordinary Income - 7,147,01 Net Income - 7,147.01 Pape i Revie8 Of 041 Ju Ave ?N P1D# 34 119 2132 00 97 F or Ce Monton LLC" 2010 Board of Appeal and Equathation 4 OWN . � Y v, s. 4 � ;. g - r r jf "#. ja Report Name: Taxpaa InquirN City of Brooklyn Center Printed: 4! 1 i - W 0 Taxpayer inquiry Pa 1 Distill y I'll) fjr Nbr Street haut IA Zill Code (+4) 34 -1 19-2 1- 2-0097 6413 June Ave N 55429 Last Now First Narric ml Owner Talpalgr Reside ,t Cel klonton 1,l,( Y Y N Froulitp. Ldt * id Bar Nig Rjebt Sid Effi Width LIT, Ikath Property Area Acreage Zoning M ExxmptCode ScboolDis Watershed V Built 75 134 75 134 75 134 10.050 (00 R 1 0279 14 1957 Im YA tiltu Land Valu Bldg Valu Mach millu Tot Mkt Valu Tax Cap lims Midvr &W P/T % un n RIC 2010 1 1 47,000 81200 129,200 1.292 N NI N R N 200 1 1 58,900 38.900 q7 978 N N N R 2008 1 1 61.700 110,100 0 171.800 1,718 N N N R 0 Y I'm: 000 Block: 001 Addition: Miller's Northview 14eip-hts C At �-FF PIT V City of Brooklyn Center PID: 34.119.21.32 -0097 Property Type: R - Resident;al Value Info: Residential Field Card Property Address; 6493 June Ave N Zoning: R1 Yeas /Version; 20101 1 Printed: 04/ Lot 1 Block; 006 1 00 Dwelling Type; S ogle Fan ity L an rf: 47,000 Assessment Year; 2010 Addition: kfiller'c Notthu ew Heights Owner(s): Cel Monton LLC BId•c: 82,200 Version. 1 Districts Totai, 129,200 Neighborhood:° 0053 tenor M Exto'�r`for' Bax f it tot 'Flo :M -. ini Floor , ", Totals' err/ /Model: Garage #1 Area rSgFt ;: 572 Kitchen Rtg Standard interior inter ior Res. Cond: Average Plarement, Detached Typo Regular interiov Plaster Trim Trim: Dwell Type single Family # of Cars, I Finished (/,1) 100 Trim, Hardwood Floor; Flour: Int. Layout: Standard Floor Area_ 352 Quality. Very Good Floor: Wood Avg, Clear, Height: Avg, Clear, Height: Adjacent Property: Equal Condition Average # of Fireplaces: Avg, Clear. Height: # of Fireplaces; # of Fireplaces: Manual Assess; N Exterior Walls: Wood Fpic. ttuality: # of Fireplaces: Fptc, Quality: Fpic. Quality. View, Equal Avg, Clear. Height: Fplc, Quality: Act uat Age: 1957 Etec, Svc: Standard Arch /Appeal : Average Htg Forced air, gars fired Effective Age: 1980 Garage #2 Walkout Quality: 07 Placement,: Walkout Quality 'fst Baths(#(Qualt �� (Mustily) 2nd Baths Baths t #Iouail �� # of Cars.. y � to tYi '' Renovated Age: Spa: I Spa: 1 Spa_ / Shape: Irregular FloorArea: DIx 1 DIx: 1 Dix. 1 Functional Condition: Full: 1 1 Very Good Fult / Fell i Style: Split Level Exterior Wads. 3r4 r 314: / 314: 1 Economic W 1,12: I 112': 1 112: J Construction Wood Frame p }r Basement Baths( # /Oual) Bulidirg Spa: Glazed Area t Exterior Watts: Wood Dix: / 1st Room Count 2nd Room Count Std Room Count Unf'rn. 1st GBA Quality, Full 1 Bedrooms: 3 Bedrooms, Bedrooms. Unfin, 2nd GBA: Exterior Trim Brick Screened Area 3/4: 1 Baths: 1 Baths. Baths: Unfin. 3rd GBA: Quality: 112 1 1 Average Family: tither: tither: Unfin Total GSA, F Roo< Type: Hip Open Area Living: 1 Total Rooms- Total Rooms: Quality 1st Floor Area 1,012 Basement Room Count Dining; : Roof Cover: Shingles Kitchen. 1 2nd Floor Area � Bedrooms" Other: 3rd Floor Area: Patio Total Rooms: 6 Type g Baths 9 TotaIGBA 1112 V'VlrniowT e 1:C�xable Hun, Patio 1 Area 218 Family: 1 Window Type 2: Quality Average Kitchen: F14t Value Patio 2 Area: Other: Value: Air Conditioning: No Quality: Total Rooms i c T'cltal•.Rootlls I Dormer Length: Deck Bedrooms: 3 Dormer Quality. Deck 1 Area: Qualit ; D i� trio 02117/2003 Apprai r l � 11 Appr 1� ID: Living � .. 4 `', Family: 1 y Prig. $51.000 Appraisal Dates 0910412008 Living: 1 Patio pours: Deck 2 Area: pp Dining 0 Quality, Codes 15 Reason. Permit Review Appraisal Date: Kitchen 1 Desc. Forced Sale Result: interior Other: 0 Last Interior Inspection 09104/2008 Reason: Total: 6 Pool Pool 1 Area. Result; Quality; Pool 2 Area: Left Tag; Yes 1 No Quality: Comments FREESTANDING TUB IN BATHWI CT FLOOR, CT FR FLR DAYLIGHT BSMT =VG, 3 L I. SPLIT, 10AMTIASSUME REPAIRS COMPLETE. Amenities" ' NO PERMITS TO FIX ANYTHING. CURRENT RENTAL_ LICENSE. EA BACK. TL} 80 & QC TO B7 10AMT. 10NEW [MP FGR GEN'L UPDATES1NO PERMITS. LOGIS - Property Data System - City of Brooklyn Center 4ites on BC Server� <C:Wrogram Fil[esXLog1s)PDS�_cs> Frop- rty1C� Nn +,r erl Sheet t"1 9_Irt 8 F'1�oto1'an file Tors` date; #aaTlfltE3 „m �� 1 Sketch(es) can file P ease 1 0 r041 : 4.1 c1 3 67' ddr�e=ss 6413 ����...... ,. �� � L+grtl on user'.KCA,5�TO J 2 1 1 s essinn Karen Casto (P7 AA 11 of 17 1 Parcel Search 2 1 3 Print 1 4 View Pho los' ,., Parcel Status: ACTNIF 'A Parcel Administration Information Saies ParcelInformat r AT less Comments w Save clear �. t��e Sales Report Parcel Dav4rorrirrg t Temporaty Pit) Updat ... �, Trr S a fe late, Ve rsion , Assessor Project Updr t1�r 1 r rr r �r* r Ram er Asses sment rs ent �s der ron I Assessor inrry S' Price; 51,L1 191;8 _ Ute A seet�t ear;�� Texpayer Inquiry Cash Ec uiyalent; �. Iyerr€etJersic =: i A Values Administration " Harms In Count Trar Type rat Sale, Q1 Iarranr y [)P-� .w,.,, Tat fkt p ales Ratio Code: 15 Forced alp v* Homestead Update i € � fast Appraised Year L Comments: ... » � - LMV Update Tax Capacities Upda6 ...: Value Notice File � '. 4 Sales Administration 2 - S ales Records ' Sales I n(of mation Gate I Price Cash Equiv . Type 'I Aatro Cody Comments s.Yr .leer -ley, r "r . Cly,'Ver ! Sales Ratios / r r2 r1 1j7L19 tr t1 tt1 , - .:1 �, 2C19 1 , r r1 ComparaGles Informati ` _.. A _..,.a„ 1 j 1 it�1, 2003 172,000 O 11 00 PT S = 4t100 2105 1 0 0 MirMax Codes 1 /T ime A44tmen Weight Parameters Comparables Batch U Property Characteristics Land, tr�rspeci �.. Residential Commercial ' Indusitiii l�lil~rrily Field Card Print ± .�f C MA + :J ,assessment Projects J S pecial Assessments i CITY OF BROOKLYN CENTER. LICENSE INFORA4ATION 111): 3-1119213200' License Information: License Number 01004528 License Status: A License Type: Rental License Location: Business Applicant: Company: Douglas Aden Wahl £. Business Address: 1845 Stinson Parkway € E, Uk Business City: Minneapolis Business State: MN ' Business Zip: 55418 Telephone: 6127828888 Assigned dates: Applied: 4/112009 .,. Inspected: 4/20/2009 Council: 5/1112009 U, Issued: 5/13/2009 1 Expiration: 4/30/2011 Hpr US i�UIU 1:UIH HH LHbLRJLI FHA p.5 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You Must return this application by April to be laced on the p Agenda for the L ocal Board of Appe ai and Equalization held April 19, 201 at 7:00 P.M. Na LG Daytime Contact Number: �� / - -�� w F1 ? Property Address Property Identification Number Assessor's 2010 Estimated Market Value Is your property residential, commercial or multi4amily ? 1.� If you are appealing a commercial, mutt)- family or residential rental property you must include income end expense data for calendar year 2009 with your applicaticn. What is the reason you are appealing your 2010 assessment? / s- r it 4d rvt rl 4Ti Y y�yq r Zcxr r9��C.►'sia+►�v Mir %1 �r f 3 �+ �i •�s ... � C v 4 f w't �'r► y ^+rn ti .- e,..,• .� � � �" c,r� ,-, �� n y l� u r*.�.c/ l /� W r � / s � BJC -- / Ct �/G f1'7Lr4.?e J" F + - a ► i ! I•'1 A v e/� � t;v.� .� /f � e�' "-. hm •1 CZ , l. � ,y E' � f rC ..� o . . li Yr.l .► „r� 1 /t .. �; When did you purchase your home? Date of Purchase - / d Purchase Price ��� Did you purchase your property from a bank, as a foreclosure or short sale? ; _ Has your property physically changed since the purchase? (maintenance, upgrades, remodeling r structural dams Please li 9 damage) a brief description below with an estimated cast. AID rrl • Met / ✓ r�c e Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? (eel If so, what was the determination of value? # e e -,, /&/ r,,.. ,;,/ What do you think the market value of your property should be? f Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation - an appointment to view the property will be reaulred Apr 09 2010 1:O1PM HP LRSERJET FAX p.10 CEL Monton, LLC Profit & Loss 6114 Dupont Jan - Dec 09 Ordinary Income/Exponso Income 4100 - Rental Income 6,780.00 4200 - Fee Income 4260 - Application Fees 36,00 Total 4200 • Fee Income 35.0?0 Total Income 6,815.00 Expanse 3100 - Insurance 6110 - Property Insurance 529.40 Total 3100 • Insurance 529.40 6300 • Repairs 7, 943.41 3400 - Utllitles 6410 - Gan 11.81 8400. UtIlhiss - other 53.08 Total 5400 Utslitles 64.67 6000 • MATERIALS 1,775.80 6200 - Taxes 6230 - Property Taxes 435.28 Total 6200 Taxes 435.28 7010 • Bank Service Charges 4.00 7040 - Licenses and Permits 1,095.00 7055 - Credit/Criminal checks 46.00 7090 - Prop" Maintenance 665.50 Total Expense 12,551.26 Net Ordlnary Income - 5,736.26 Net Income .5,736,26 Page 1 Reviemv Of 6114 Dupont Ave h P110 36 11 2134 0036 For C'el ,Nlonton LLC 2010 Board of :Appeal and 1- qualization r- 1ttl Namcn 1 "axliay o, In C~it!4' o I31 '()C)���il C enter Printed: � "15'2t1 0 Pat- I Taxpayer Inquiry Dtsttlal 1'11:} ,Muse N'hr Street Nam unit Zill C. od 36- 11 ct_21 _3.1_ 6 114 Dupont Ave N 55430 L in N ing First Name MI Own Taxpayeer Resident CeI 'Manton 1,1,(' Y Y N irk �t�e Rear Side Right Side EM Widt EM � Prope Area Acre age li ,� PPS Exempt Code Schaal Dist Watershed Yr Bu il 78 t) t} t? t1 1 ;1 111,452 0,00 RI 0246 15 1954 #--Su-bj Land Value I)Idg Value Mach Value Tot M kt Value : 'C 2 Hn std Midy Rel H P/T `sOwn IC 2010 1 1 - 7,00111 86,100 0 133,9001 1,339 N N N R 0 N 2 0 (11) 1 1 58,900 57,400 0 116,300 1,163 N N N R (} Y 2008 1 1 fit },900 89,200 0 150,100 1,501 Y N N R 10(1 v Lot: 00 Mock: 003 Addition: (.'cdaberg Additi � w City of Brooklyn Center PI D, 36- 119.21- 34.0036 Property Type: R - Residential Value info: Residential Field Card Properly Address; 6114 Dupont Ave N Zoning', R1 Year,'Versron 2.0101 1 Printed 4� 1 ?'21110 Lot t Block; 009 r 003 Dwelling Type. Single Fami Land: 4 i L'>00 Assessment Year; 2010 Addition: Cederherg Addition Owner Cot M }neon LLC Bldg 86,900 Version: 1 District: Total 133.900 Neighborhood: 00,54 Bxterloir 1 EDtterior 2 Ba i ent 1st Eta or 2nd Floor rd Floor Model Garage #1 Area (SgFt): 832 Kitohen Rtg: Standard Interior, Paneling Interior Res. Cond. €got Placement_ Detached Type- Re^alar Intenov Plaster Trim Softwood Tr,m Dwell Type Single Farnily # of Cars 1 Finished ;;: 75 Trim: Hardwood F °oor: Other Floor: Int. Layout. Standard Floor Area: 280 Quality' Average Floor: Wood Avg Clear. Height: Avg Clear, Height: Adjacent Property, Equal Condition; Average # of Fireplaces° 1 Avg. Clear. Height: # of Fireplaces # of Fireplaces. Manual Assess: N Exterior Walls: Wood Fplc, Quality Very Good # of Fireplaces: Epic Quality: Fpic Quality; View Negative Avg Clear Height: Epic Quality. Actual Age: 1954 Elec. Svc: Standard Aroh.tAppeal: Average Garage 42 Htg Gravity gas Effective Age: 1980 Walkout: Quality: 07 Placement: Walkout Quality; Ist Baths (Wouat t 2nd Baths flu t Std Baths # OU01li �� # of Cars: y � '} tYt Renovated Age: Spa: 1 Spa: 1 Spa: Shape: Square Floor Area: Dlx: ! Dix: I Dix: t Functional'-': -,: Condition Fult 1 r Very Good Full I Full: t Style 1 tf4 Exterior Watts: 14, 1 3/4: 1 3W 1 Economic W Basement Baths (#/Quat.) 112: 112: 1 112: 1 Construction 4"Jnor Frame Porch Spa. Building Areas Exterior Walls Vinyl t dazed Area Dix: 1 Room Count 2nd Boom Count 3rd Room Count' Unfin. 1 st GSA . ! Quality: Fula: 1 Bedrooms: 2 Bedrooms. t Bedrooms Unfin, 2nd GSA: Exterior Trim Screened Area 2,,14 1 1 Very Good Baths: 1 Baths: Baths: Unfin. 3rd GBA: Quality: 112; Family: Other: Other, Unfin, Total GBA Roof Type: Gable Open Area Living: t Total Roams 1 Total Rooms, Quality: D,n=ng: 1st Floor Area 832 2nd Floor Area 352 Boo' Cove Shingles Basement Room Count Kitchen: � i Patio' Bedrooms: Other 3rd Floor Area Window Type ° Double Hung Baths, Total Booms; 4 Total GBA_ 1,184 � Patio 1 Area 150 Family: 1 Flat Value . Window Type 2 Casement Quality Average Kitchen. Patio 2 Areai Other 1 Value . Air Conditioning; N Quality: Total Rooms: 2 Desc: frDt F`txos Dormer Length: Deck,, ;,.. Bedrooms 3 ` IDorrnerQkralify. Deck 1 Area: 4 lJ �Sai� 02117/2009 r5.,,, uf1lr F 1 Quality: Average y Appr 1D 21 Appraiser 10, Livin 1 Deck 2 Area'. Price: $2 000 Appraisal Date: 1110512009 g' #Patio Doors. 1 Dining: tD Quality: Code: 15 Reason: Permit Review Appraisal Date: �'' Kitchen. 1 Desc: Forced Sale Result: Left Tag Last Interior Inspection, 0810D3?1989 Reason. Other: 1 Total: 7 Pool Pool 1 Area: Result: Quality: Pool 2 Area Left Tag: Yes i No Quality; Comments WRAPPED NEWER WINDS. f, FSF. GLASS BLK BSh1T WINDS UPDATED ME EXT IN GOOD COND GAS INSERT TO B MT FP Amenities WINDOW A.1C REMODELED KITCH 09ASMTrVAC 8 MOLD PRESENT, PARTIAL VAL, IGASMT13ACK TO FULL VAL REPLACE BSMT FIN & BSMT BATH VALUE /QC TO B7 & EA TO 80. NO PERNItTS TO FIX ANYTHING EXCEPT FURN.. CURRENT RENTAL LICENSE. street [`b rae t int _ mot cn file Tcda 's date. t713t1 {2040 ,,,,,,,, ",ua, ,.., --.� Release , t -07.0 11 21 �� 36 T �setch(est on cite ct e� t1 Assessor +mr era# r tit Logged on Petri N ��STO ' Mssessina - Boren Casto (PO � 4 of 4 1 Parcet earcf t fear A� 3 Print 4, View Ph w Parcel Admiriislrati6n + _ B Parcel Informatr r I Assessor Crorrm cents Save 'D Ck-w X Delete go S ales Report Parcel Diyisricrrrirrg ' Temporary PfD Updat dale Crate: f trial Assessor Project Updr 02,M 71 009 � Ratio � � Ratio Asseument Peat 1 Version, 201011 Assessor Inquiry Sale Price: 28000 1 78. 2 Override Asseismierit Fear, TaxpwerInquif,y Cath Eqtivalenf. O verfide , Verb. tj Values ;�dm� €atign y " Vafueslr c�rmator� Ta of p C1 • VilarrarOy Epee „ ., 1" Mkt: 131900 Henna 4n Cry Trar M ' Sales Ratio Cade: > 15 Forced Sale +� i Homestead Update a Last Appraised Year L Comments: ` Lto Update Tar„ Capacities U pdatr � " , Value Notice File SalesAdmihistraliron w. 2 Sales Records safes Information n Date Price : Cash Equry Type Ratio Ctarfe Comments : As.Yr V r ` Oy, r i OvVer @ dales atios 1 OZI e /2009 0 01 i 15 �:k�1t1 1 0 0 Co+mparabfes Inff rrrali _... _ .... _ . , . _.. _ ___.._,. M inMax —Codes W/0111%4! '59,00 0 , 11 no 005 1 0 0 Price /T ime Adtustrri Weight Pala3rrrfets " Cnmpa€ables Patch U 'J Property Characteristics Land Inspections Residential Commercial / Industria ` MuOi- Family Field Card Prink :... f C MA Assessment Prig. r Special Assessments Parr k"' Repon Name: WE I Asl City of Brooklyn Center Printed, (1-4;08 20 Permit List I'vi Lim for 6114 Dupont AN N 1 U-0-0 NA w IMILLux it s' 5 pv -n-gurka-1 i (0-1 AWAIA KnAWS uAgink WAMS 1 ub2hudsh HIMbf-u—nol-LIRDhouts M oxl- $2,701 NI"haWal rmn"c !Npbcc RI f 11 ACI I 1'r, N WE' WO),l 200(') AM)1)1,C l MOR K IWORIS8 5400 1'ILIT0 Residentil RWISOU RITIA(T VVA'f'I-R ORNAMO Mwam to 010050 SO I ticr Defined Vacant nuihfiu�, Registr poidential V At' %Nl 10 1 X, 0 1,24 r2tllO 06, H 2N0 R (Rs rRATR N` IWO1 2VO S5,000 Building Residential Sioglv Fanir R,pluQ f IAROI FIN'R(OF 06/15,!1999 1 "216/19" W o07()I0 11, Am MAIMP RoWcMal SuwQ FmAl R jue `11: ".(= 1 R IN FM ) I TIT 0510 W W24 IOU? R( 007460 S WhimA tMOwd AddoOn DMEC I VF NT' 02:06 IQ') 03/11 11 R EPLAC Permit Count: 6 CITE' OF BROOKLYN CENTER LICENSE INFORMATION 3611921340036 License Tnfbrmat on License Number: 01004575 x' License Status: A License Type: Rental License Location: Business Applicant: Company: Douglas Alien Wahl Business Address: 1845 Stinson Parkway NE, Business City: Minneapolis Business State: MN Business Zip: 55418 Telephone: 6127828888 Assigned Dates: Applied: 5/12/2009 Inspected: 6/4/2009 Council: 6/22/2009 Issued; 6/23/2009 Expiration: 5/31/2011 04/16/2010 12: 36 7635049916 ART EFFECTS INC PAGE 02/07 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2010 Assessment APPLICATION FOR APPEAL March 19, 2010 through April 9, 2010 You must return this application b A rP 9 2010 to be placed on the Agenda for the Local Board of Appeal and Equalization held April 19, 2010 at 7:00 P.M. Name(s)_ �Tt -� Daytime Contact Number: _4X_a� 77q,3 Property Address Property Identification Number Assessor's 2010 Estimated Market Value // 0-210, Ode-) Is your property residential, commercial or multi-family? �,U'yt r ryc [/• , If you are appealing s commercial, multi-family or residential rental property you must include income and expense data for calendar year 2009 with your application. What is the reason you are appealing your 2010 assessment? When did you purchase your h ? Date of Purchase_ ° Purchase Priced 4 0M Did you purchase your property from a bank, as a foreclosure or short sale? ALl Has your property physically changed 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 If so, what was the determination of value? What do you think the market value of your property should be? _ a l cDoc) r,.t._ ( gam Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. In order to appeal your valuation an appointment to view thep�operty will be revui'red. 04/16/2010 12:36 7635049916 ART EFFECTS INC PAGE 03/07 im--cat'3die 't-rorne Page I of J, ............. View your FREE RectntSatt iliecwd betm To view the other 2 records and get full access to the service, become a RecentSeles Subscriber. _ Learn More Pecent5ales tYPIcally Include address, sale Price, sale date, building size, buyer, seller and other property characteristics. Wom Furniture Building ID:2451392 ............. Sale Details hom Furniture Building ............ 5417 Lakeland Avenue N Sale Status: Sold Crystal, MN 55429 Hennepin County Sale Date: Feb 2010 ........... ......... Sale Price: $1,000,000 $25.t5/SF Cap Rate: Not Provided .......... Property Type: Retail I— Listing Price: $1,300,000 Sub Type: Retail...(Other) , , Sale Details Provided by Lltting Broker Building Size: 39,767 SF Parties to Transaction Broker: Transwestern ........... Steve Kellogg Property Description Multi-Tenant neighborhood center wl th parking ratio of 2.17,/1000. ........................ :Additional Information for 5417 Lakeland Avenue N,Crystal, MN 55429 Active For Sale-0 Listing Active For Lease-0 Listing Previously Listed- I Historic Listing Sales COrnparables Available- 1 ReCentSales Record view other Currently active listings, previous listings, sales comparables, P.I.Iblic.,necords, and county records data for this addres5. .................. ............... The Information abnve h4•peen obtalneo from sources f)clspveo retimble,while,we do not doubt I"AeracY,w(:have nOt verfried It(%Pd make no guaront M., warranty or rppr(wmiatlon:tbout thr'FifOrFrOtl0n,0XD?X'.5!,,Implied,Viptiltorip or otherwise.it Is your renoonniouity 1:0 Independently mnorm its accuracy 8110 CQmr)J0On'!59,Tile value OF thlS transilwan may depend on tax and other factors Whl&fihoklld he ewlimted by your tax,Financial,and legal arivip)rs,The information Provided here is for 9crierai irtrorrnatlDr,vurvvwn only and Cool;not comrtitute leant,rinancim,accnuntfm),tax,or Other pror*,'sional advir.•.You!.houid consult an ,,Dpropristr,Indepenutnt Dmrr-s*,'IonaI to conduct 0 COMM,Independent invosticlaiiom of the frifomitio"prmented, swbscribr.r5 are al'Oft'r.d full accr­,s to 100 records per month, http://w,ww.loopnet.COMIXNC t/,MainS j te/COM Para bles/Profj I e/Comparabil e.aspix?CID=245 l... 4/16/2010 04/16/2010 12:36 7635049918 ART EFFECTS INC PAGE 04/07 mccn1bale Yrofile Page 1 of 1 Doody Mechanical Building ID:2so662o Sale Details boody Mechanical Building +.--: __..._..._._._. .,...---... __11.1.1._ __ 520 Front Ave f __1111 Sale Status: Sold Saint Paul, MN 55117 Ramsey County Sale Date Mar 2010 - Sale Price. $1,050,D00 $29.67/sF 1111_.. _...... .._.. 111.1 __1111 ._. ............ ...� Cap Rate: Not Provided _ 1111._... _� Property Type: Industrial 1111. 111'1,_ Listing Price: $1,190 000 Sub Type: Flex Space ..- _- 1­111.1-1-1-­_..:....­­—.1-1......-- -- •.. Sale patens Pl`6-10 O by iJStlnp Broker Buliding Size: 35,364 SF Save a ecent5ale Parties to Transaction 1111. . Broker: Transwestern _.. ._. Sean Coatney Property Description ___1111.. _ _....._.. . ...._...__ _1.1.11... .......... ............ ... 1111. . __.._....... ....._..... .._.__11.11 1111._ .,.. .......... _1111._.. _._ 35,364 SF Industrial building situated on 2.4 AC. Amenities Include: storage, docks and drive-ins. 1111 1111.. ___1111. -----_--------. ...._ _1111. ..................... Additional Information for 520 Front Avenue, Saint Paul.MN 55117 _ I....... .. _1111 _ _. .. _ Active For Sale - o listing Active For Lease - 1 Listing Previously Listed- 1 Historic Listing i Sales Comparables Available - 1 RecentSales Record yiew addlbonal lnFormat) n For oronerty view other currently active ffstings, previous listin gs 4afes comparabies� j. public records and.county records data For this address. The Inlprmatl0n abpvt has been obtained from SOUrres believed reliable.while we do not doubt Its accuracy,we have not verined It and make no guarantee, -arranty or reoresentntlon about'he Infont+htlon,express,Impued,statutory or otherwlFr•It Is your resoonmtllllty to lndePLndently confirm Its accuracy and romoleterlMn.The value of this transaction may depend on tax and other ractor,which sholdd be evniooted by your tax,roanciai,and legal advisors.The inrormatlon orovldod here is for gencrnl Information ouroose.!t only and does not con.;titutc ienal,financial,accounttlnq,tax,or other prDre.mlonol advice.You should consult on apPrDpH,)te Independent profreslonal to conduct n careful,independent Invostrgatlon or the inrormatlon prerrented. htip://www.loopne t.corn/xNet/MainSite/Comparables/Profile/Comparabl e.aspx 7 CID=2506... 4/16/2010 04/16/2010 12:36 7635049916 ART EFFECTS INC PAGE 05/07 '. L LAu„a1 y z-navcnureS Page l of 2 3905 California Street NE 3905 CALIFORNIA ST NE, COLUMBIA HEIGHTS,MN 55421-3511 Building Size: 23,672 sf Site: 1.12 acres PID: 34-30-24.41-0020 Zoning: I-Industrial Year Built: 1967 and 1980 Available Square Feet: 4.732 sf Office 18.940 sf Warehouse(Includes 4,000 sf Basement) 23,672 sf Total Loading: 12'x14'drive-in Clear Height: 16' Construction: Block Power, 3,000 amps,240 volt,3 phase HVAC: Roof tor)units Roof: Built up Parking: 55 stalls utility Cost: $.77 psi Lease Hates: $8.25 psf Office $4.25 Psi Warehouse Sale Price: $915,000 ($38.65 pst) 2009 Estimated Taxes: $24,039.62($1.02 psf) Comments: - 60"thick floors 20 tons of cooling in warehouse bttp:Hr,brochures.northmarq.com/Pages/Printing/Printabl eF-Brochure.aspx?EBrochureld=f... 4{15/2010 04/16/2010 12:36 7635049918 ART EFFECTS INC PAGE 06/07 wide, iviernortal .highway -Velocity Express—Minneapol.is, MN Industrial Propertie... Page I of I Showcase Your Propartles morel laorrw. NGw Seeroh ModHy HnMCh Search Results for s2o tZl»oh Memorial Hlghwep-Veloclity welcome to SHOWCASE.COM.the Wcbls„mw n om•Mlnrroepol►s,MN To see more Mlnn"polls Cornmerdol Reel Eohrte�tN r..Anolla fficp 0r commercial cI=0 dale,wheal YOU can erorch from eoo.olm ilevnpe rwtionwkle. Mi n"P011e Mugl•Famry or other pro ^osPOb.OrNcr Spaea,Mlnrueo the right, rbi Space,MinrKw,oAe Rerary Space.Mkmeepolip Lend, New Search property lypae In Mkmeapolb,)vat cndi the IxrEOn ro the nght, Detail Map gsek.roiiet� �rYZO owns Memai.l FtIOI,Nny.Mirvteepoile,Mri;1,' FO+wnrd to a Collnaque Print Pr"rty 620 Olson Memorial Highway Veloctty E Minne.1polls,MN 55411•Minnespoile Ind Submerket Properly Type: Industrial Sub TYPs: Servk;0 Status: Exletin9 Year Runt; lode free Surface Building size: 74,753 SF Calling Haight, spaces are Lend Area: 3.0B AC(1134,165 SF) Loading Dock*: NO evallable Reif: Bus Line, For Sale Price: 51,9o5,0pp Power Cap Rate: PrICa19F: 526.67 Srrtalleet Space: 50.000 SF Signege Lwgeat Slime: 60,000 SP Total Spada Avee: 60,000$F __- RattUSFI": $3.40 For Safe Contacts I Parking: Sprinklers: r........... .....................(_ rhre Ins: 4 tctJ10'0"wx 120"h Cranes: - �•'! Amenhlea: C8 RICHARD ELLP9 SPace Aveltable: C9 Richard Ella Floor "-' ( SF Avail — w 4- .—�� .Rent Occupencyr—[Lease Term Space use - 1 st■ 60 000 SF .... ...... . . ....... $3 40/SF/Yr Vacant Negotiable Warehouse �Judgeeo AvaBable: _. ... _............ ...... .. 60.DOD SF of Warehouse,will no[ divide tatrgeat Space: 60,000 EF Thomas 1.011Ch (952)924.4675 RanVSF/Yr. 93.40/fe RanWr_ 5704,000 Exec SuRa: occupancy: vacant For Lease Contacts Typo= Sublet Term: Nsgotiible ,C . Space Notoe: $3.40 p&f grnng Or ether terms acceptable'b aublmor. C8 RICHARE' C13 Richard Ellis For more Information: ---^— .—_.._ _„„_. CB Richard Ellis .............,. 0(95)P24-4660 Cory Judge ThOmsa el -n 00(952)974.4675 C B R E (962)924-46W CB RICHARD ELLIS Thomas Lelich Space NoMa■ _...__.�—°-.....;..�__..._.___._ ...... (952)921-4075 Search from more then 900,DDO listings on Stj_QWGA§g.CQM, C00fthi1(:in07.20tOCc-j.,Mwnlfr.IMCUiaerk.n.Inc.All'lrhlorconnmd. I Abwn6HOUVCASE.CDM I AOvrrnnn I ?.er biap http:Hshowcasc.cor ri/AppRoot-aspx?src=ppcg&Q_162A2E OFD.A,E792214,05SEADB9EC... 4/15/2010 04/16/2010 12: 36 7635049918 ART EFFECTS INC PAGE 07/07 or • w / • • • 30.000 total square feet • Retail like visibility and access • Located on 1.65 acres - Heavy power • 14'clear height in warehouse ' Ability to accommodate multiple users • 2 docks and 1 drive-in(covered) Sale Price:V,1WM88*471W3f - Office area completely remodeled Price Reduced to$1,77QOM or$Wsf • 58,100'total square feet • 2 cranes in building(5 ton&15 ton) • 16'clear height in the warehouse • 3.86 acre site • Root replaced in 7007 • Built in 1981 • 2 interior dock doors,3 drive-ins • Sale Price-$2,300,M or$39.5910 —�..30-x 50-cuhmmzpacing— fi - •36,456 total square feet • Built in 1986&1996 • 16'&20"clear height o Great corporate image • Heavy power • Ideal for manufacturing use • 3 dock doors with levelers and 1 drive-in • Access to Highways 100& 169 • Z.01 acre site • Sale Price:$1,7500,000 or$48.00/sf f , • �. ; # • 7.47 arses or 325,394 sf available - Utilities service tha site .F Industrial park zoning Great visibility to Highway 55 Approximately 40,000 sf building • Access is one block from Highway 55 -5,273 sf of office •34,727 sf of warehouse •Sale Price.$975160*424AQtst Price e e R duced to 5895 000 Building tructure is steel an masonry or S?2/sf 9 d ry 04/16/2010 12:36 7635049918 ART EFFECTS INC PAGE 01107 Facsimile Transmittal Date: Time: From: n v Atte tion: i Company: Phone Number: Fax Number: Number of pages including cover sheet: 3715— 50th Ave North Brooklyn Center, MN 55429 P: 763-504-9773 F: 763-504-9918 Please contact us if you do not receive the number of pages listed above or if it is not in legible condition. The information that follows is confidential and intended for viewing only by the addressed parties. E)4/19/2010 10:54 7635049918 ART EFFECTS INC PAGE 01/19 V,lXe. Facsimile Transmittal Date. L b Time: From: y`-A tsc_ Attention: G1C, Company: \ Phone Number: Fax Number: Number of pages including cover sheet: r. c Ic 3715— 501h Ave North Brooklyn Center, MN 55429 P: 763-504-9773 F: 763-504-9918 Please contact us if you do not receive the number of pages listed above or if it is not in legible condition. The information that follows is confidential and intended for viewing only by the addressed parties. E)4/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 02/19 y . elf ica. April 19; 2010 City Of Brooklyn Center 6301 Shingle Creek Pkwy Brooklyn Center, MN 55430 RE:Property Tax Reassessment To:Nancy Wojcik At the present time, I feel my property is assessed too high. I have provided comps to support this. You will see the average cost per square foot is $27.49. if the hoard does not wish to lower our property value, please contact me as soon as possible to set up an appointment for someone to come out and reassess the building. Sincerely, onte Hanson President 3715 501h Avenue North • Brooklyn Center, MN 55429 Phone: (763)504-9773 Fax: (763)504-9918 04/19/2010 10: 54 7635049916 ART EFFECTS INC PAGE 03/19 RccentSal . Profile Page 1 of 1 1209 Tyler St Ne to:2251928 I.._..' --....._.._...,_......._...........,....,,,......,..�,.....•, iSale Details 1209 Tyler St Ne f I _ ._._.. _. ...... 1209 Tyler St Ne Sate Status: sold MinneapoliSr MN 55413 I __._...._..........._....._....................._....._.._.........-_.. Hennepin County iSale Date: May 2009 j Sale Price: $1,223,500 _... _. Property Type: Industrial Cap Rate: Not Provided _.._.. Sub Type: Manufacturing Building Size: 50,778 5F ' . .... ....... ....... ........... 'i $JIC nCtallp Prpvldrd by PubNG Record Year BUi1C:. 1913 Save R"e"tsa10 Parties to Transaction Seller: DAVIS-FROST INC Buyer. 1209 TYLER LLC 2424 Kennedy St tie, Minneapolis,MN 55413 Financing Comments Lender ldentlfied as . Property Information Property Use., Industrial lot Size: 3.13 Acres No. Sulldings: I APN/TaxID 1: 13.029-24-23-0042 Document Number: 9363040 7/6/2009 The iNOrm 9tlon dhOVP,has been obtained from SOIrrfR.,bellnvcd rellrblq.While we,do mt dDabt its,eccuracy.we.have not:ve.flfied It and malve no 4VarfintrC, wa+ranty or reprvsentatlnn about thr InrnrmnUDn,express,IrnpHrd,statutory or otherwise.it Is your responsibility to rndap"tiently mmflrm It6 accuracy and comple,tnneSc,The,value of thts tranRaction may depend on tax and other factors which:houid bC evaluated ay your tax,financlel-and lepal advisors.The Info-A,01an provided here Is ror general Information Purpos_5 only and dt)r;not con0tvir,leq?il,nnantlRl,accountina,tax,or other professional advice.You rhnuld con;.ult an aporoortare Independent proressional to conduct a Careful,lndependenl.tnvestigetlon of the Information presented. http://www.loopnet.corn/xNet/MainSite/Comparab)es/`Profile/Comparable.aspx7 CID=2251... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 04/19 Recent5ale Profile Page 1 of 1 2701 E 33Rd St 111.203530 Sale Details —i 2701 E 3311d St 2701 E 33Rd St Sale Status: Sold Minneapolis,MN 55406 t ...- Hennepin County I gale Date No 2006 .........---. . Sale Price_ $1,025,000 $51.151SF Property Type: Industrial Cap Rate: Not provided Sub Type: Manufacturing Building Siz ; 40 SF sale DetnU. Pro vldt'd by Pubil c Record Ycer Built. 1986 Parties to Transaction ......... ......._.. ....... _........................... .. ..-- ._._.. Seiler. SAMUELSON&A550CIATES INC Buyer: JOANNE PROPERTIES LLC 2701 E 33RD 5T, MINNEAPOLIS, MN 55406 Financing Comments . _._ .. ......... ................... Lender IdentlMed as BNC NAT'L BK. Property Information Property use: Industrial Lot Size: 0.9Z ACreS No. sulidingsi; I APN/TaKID 1; DS-028-24-13-0060 Document Number. 9206626 10/17/2008 The information above has been obtained from%Durres bellevM refloble.while we do not doubt Its acran•acy,we have not vetl6ed It and make no yuerantes, wr,rrnnty or rrpresontation about the information,express,Implied,stBlutory pr Oherv,lge,tt 15 your re5oon5lbilRy to Independently confirm its a=urnry find complrtenexx.Ttr,v!IvC 0(thls transact rnr may depend On tax and other fad:ors which..^.hoald be rvtiluhted Iry your tax,financial,and legal advisors,The information provldea here Is for general information pprpo5es;only and does not constitute legal,financial,accounting,tax,or orhrr prnft-.pslvnal advire,yotr shotild cvnsull.an appropriate Indenendentprofessronml to condtiG a chef ll,IndCpf ndeM!Invndlgation of the Information presented, http://www.loopnet.com/xNct MainSite/Comparabies/Profile/Coinparable.aspx?CID=2003... 4/19/2010 04/19/2010 10:54 7635049918 ART EFFECTS INC PAGE 05/19 RecentSaie profile page 1 of 1 2610 Marshall St Ne Iv:1875992 --- ---- Z610 Marshall St Ne , Sale Details � 2610 Marshall St Ne i Sale Status: Sold Minneapolis, MN 55418 Hennepin County i Sale Date Jun 2008 Sale Price: �8,D20 50.40/5 F Property Type: Industrial Cap Rate: Not Provided _............ . ........_.. ..i Sub Typc: Manufacturing Building Slze: 7,9,889 SF ___._.._._ ..._...................,......._.._...._._.....-............_... Sale Details Provided by Public Record Year Built: 3.947 _r-RacentSale Parties to Transaction Seder: LUNDEEN ROGER&KAREN G Borer: MILLER,JOHN F H 2610 MARSHALL ST NE, MINNEAPOLIS,MN 55418 Financing Comments Lender identified as - Property Information __-.... .. ...... ................ ._,....._.._. ..., ... . Property Use: Industrial Lot Size: 1.55 Acres No.Buildings! I APN/TaxID 1: 10-029-74-13-0009 Document Number. 976373 6/27/2008 The information above has been obtained Rom courtx?s believed reliable,while we de not eJa,bt its 0cruracv,we have not verined It end mpke no quarantee, wpnanty or representation about the rntormstion,exprncR,impiino,Atatulvry or otherwise.It Is your rerilonpibillty to Independently ronRrm Its accurary and completeness.The value or this tr2rr,.actlon may depend on tax'.and other roc ".whlrh should be.evaluated by your tax,rinPncl)I,and logal advisors,The inrormaton provided heB i5 ror general Inrormation purpo3r;only and dyes not constitute legal,nnnociM, %twonting,tax,or other professional advlcC.You should consult an appropriate I11(M.r dtnl:proressional to condum a careful,Indrpendant Investigation or the Inronnntlon pq-. c-tcd. bttp://www.loopnet.com/x.Net/MainSite/Comparables/]?rofile/Comparable.aspx?CIA=1875-._ 4/19/2010 04/'19/2010 10:54 7635049918 ART EFFECTS INC PAGE 06/19 RecentSale Profile Page 1 of 1. 1201 Plymouth Ave N io:1890697 120 Sate i 1 Plymouth IY mouth Ave N _. 1201 Plymouth Ave N Sale Status: Sold Minneapolis, MN 55411 _.._........_. Hennepin County •} Sale Date: Tun 2008 IF Sale Price $2,100,0D0 $58.33/SF _ Property Type: Industrial Cap Rate. Not Provided Sub Type: Manufacturing Building Size: 36,000 SF Salc oetau..proadcd by Public Record Year Buil 1988 Sa1fRd RecentSale Parties to Transaction _.............. _............_............. . _................ .................................... ......,... Seiler_ PRECISE BUILDING Buyer: PRECISE PRODUCTS CORP 1201 Plymouth Ave N, Minneapolis, MN 55411 Property Information Property class Industtal Lot Slze 2.86 Acres No-Buildings: 1 APN/-r,,l 21-029-24- 3 0 Document Number: 976366 7/11/2008 Tile inf,*trnA(Im above has been obtnineg Frnm sources belleved renablc,While we do not doubt RS imioacv,we nave not veriflttd it and make no gusrrnrtr, warranty or mpre:en6-jtion obout the tnrormation,express,Imphea,9tatutory or otherwise,it is your recpon.0111ty to Independently cohfirm Its accuracy and completeness.The valve of this transaction rney depend nn tax and other(actDrp which should he evacuated by Ycu.Ir tax,financial,and leonrpdvt.K)rs.The Information prnvidtd hem is for genemi information purposes ony and dotz not constitute legni,Rnancl+l,accoununo.tax,or other professional advice.You chwold ronsurt an appropriate•Indevendent professional to cmduct a careful,independrnt Investkjatlon of the mforrnallon ore9ente.d. ltttp://www-loopnet.cum/xNet/M ain S ite/Comparabl es/Profile/Comparable.aspx?CID=1890... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 07/19 RecentSale Profile Page 1. of 1. 7775 Main St Ne xa:a�aso9d Sale Details 7775 Main St No 7775 Main St Ne j Sale 5 tat to Sold I Minneapolis, MN 55432 _. Anoka County Sale Date: Jul 2008 Sale Price: $437,343 I $40.121SF . .... ......... ..... ProPert3r Type Industrial Cap Rate: Not Provided Sub'type Manufacturing Sul Iding S.lze: 10,900 SF sole Detan,,Provided by Public Record year Built: 1978 e�teaentSale Pestles to Transaction Seller. LAWRANCE PROPERTIES INC Buyer: SIGNCRAFTERS OUTDOOR DISPLAY I 7775 Main 5t Ne,Fridley, MN 55432 Financing Comments: Lender identified as . Property Information Property Uwe: Industrial Lost Size: 1,42 Acres No. Buildings: 1 APN/TexxD 1: 02-30-24-33-0019 Document Number: 50155 8/22/zoos Thr•inrormatlon above haS been Dbtalned Worn,ources believed reliable.While we,do lint datiot ft accuracy,we have not veriFled it smd make no qw rantee, Wsrrnnty or rrprv�,entation about the InForrml lon,exprc Implied,statutory or otherwise.It is your rnpDn5lhllity to independently connrm ICs sccuxacy and Comdl P.tene55,The valor OF this transaction mev depend on tax slid other fncl:or. which should be evaluated by your thx,nnrnrihl,and legal advisors.The Infornmtlon Droyided here is Ibr peneral Information purposes only and does not conqutuie,1e961,nnsn�lal,accounting,tax,or other proFP%Menpl advice,.You should cvnsuft an )PprMPrlatn Independent Droressionsl to conduct a Wreful,Indopondent 1nvt5UOation of the Inforrnetion Prue,wnt.!d, http:llwww.loopnet.Coen/xNet/MainSite/Comparablcs/Profile/Comparabl e.aspx?CID=1939... 4/19/2010 04/'19/2010 10: 54 7635049916 ART EFFECTS INC PAGE @13/19 ReceaitSale Profile Pagel or 1 1507 E Franklin Ave ro;1,�9aae Sale Details 1S07 E Franklin Ave _ ....__. 1507 E Franklin Ave Sale Status: Sold I Minneapolis, MN 55404 .............. .. Hennepin County Sale Date: Jan 2D08 b 'I Sale Price: ¢2,500,000(npproximPt_) I 543.7119E _... . ........._.......- ... ......� T Pro art p- Y yve: Ind ustrlar Cap ROM: Not provided — ..........-........ Sub Type: warehouse Building Size: 57,189 SF Sale Deta99z provided by LoopNr*Research Yeer Built: 1946 Save Rrx_IgptSalg Parties to Transaction .... ............ ................_._...._.... ... ...........,._. _......... __......_ Seller: American Indian Neighborhood D(Mlnneapolls,MN) Buyer: Solar Corp 2025 Nlcollet Ave, Minneapolis, MN 55404 I Sale Comments Bought for Investment. Property Information APH/Taint)is 350292412DZII 1/3D/ZDDB The Information abnve has been obhlnmd from sources b0irved reliable.While wt7 do not doubt Its nccur+ry,we have not verinne stand make no guarantee, warranty or mpresentatkAl abovt the Inhwaietion,nxprpgy,impaled,s"tutory or otherwise.It 4r,-your regoonyp>Oley to Independently confirm its accuracy and r,�mplet news.'lu vaiue of this transaction mry depend on tnx and ether factors which should be evnluntrd by your tax,financial,and leoal advisors.The Information rovxtM horn .Is for■enerni Information purpnx-.only and does not eanctrcuta legal,finanGlnl,ntvuntlnp,tax,or ntbgr prpfe99bnai a0vlen,.you should consult an apumpriste lndependr..nt proresslonal to conduct a careful,indcp"tlent lnve9tleation of the Information prermoted. http:i/www.loopnet.com/xNet/MainlSitc/Comparables/Profile/Comparabl e.aspx?CID=1713... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 09/19 RecentSale Profile Page 1 of 1 1550 91St Ave Ne #304 1P.1643639 Sale Detalls 1 1550 91St Ave No 4304 - --- 1550 91St Ave Ne #304 j Sale Status: Sold Minneapolis, MN 55449 _...-.__................_ ..........................._...� Anoka County Sale Date: Sale Price $225,OD0 $4,35/5F _ _._ Property Type: Industrial Cal)Rate: rovided Sub Type: Manufacturing Building Size: 51,684 SF Save R¢ t5 Snle:Drtall5 Provided Dy Public Fccord Year BU 2003 {�B ale Partles to Tranyaction Seller: HOKCO INVESTMENTS LLC Buyer: KOLCO LLC 1550 915C`Ave Ne#304, Blaine, MN 55449 Property Information Property Use: Industrial No. Bulldin s• 1 APN/TuxID 1: 32-31-23-13-0030 Document Number: 48730 5/30/2008 The Information above has been obtained from 5ourcr..^t brlle-ed reltaote,wtlne we do not doubt its aecurtCy,we have not verified it and make no auarantrt, warranty or reprrcrntatlon about the Inform stion,expre9a,Implied,statutory or otherwise.It IS your resioon9ibiiity to Independently confirm Its -C* ccuracy and cnmPhkone55.The value or this transaction may depend on tax and other f»etors which should be tval„ated by your tax,flnanclol,and legal advisor^..The Information providetl hrre Is br general Information purposes only and does not constitute legal,financial,accounting,tox,or other proremlonal odvlce.You should eonwtt art apprOprlate Independent DrDte59IDnai to conduct a Careful,Independent Investigation of the information pregeylteel. http://www.loopnet.COUVXNet/MainSite/Comparables/Profile/Comparable.aspx?CID=1843... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 10/19 RecentSale Profile Page 1 of 1 7220 Central Ave 110:1753896 Sale Detaus 7220 Central Ave I 7220 Central Ave Sale Status: Sold Fridley, MN 55432 ___ .. _..._......_- - ._ ..-.... Anoka County Sale Date: )an 2008 Sale Price, $1,75B4O00 I I '41.6VSF property Type: Industrial Cap Rate Not Provided Sub Type Manufacturing ..I Building Size: 42,240 5F ..__....__.._._._...... .. ._... .,_.�....._._...___ _ Sale oeMlIn Provided by public Ftmopd Year Built: 1973 v_fl_RecentSale Parties to Traneactiorr .-........_._-.......... _....... . ..................._..._................ __...._...... Seiler! MILLER FAMILY TRUST 2005 Buyer: DETERMAN BROWNIE INC 124.1 72Nd Ave Ne,Minneapolis,MN 55432 Property information Property Use_ Industrial Lot sire. 2.95 Acres No, Buildings: ). APN/TaxID 1: U-30-24-31-0001 Document Number: 47989 3/7/2008 The Intnrmatlon above has teen obtained from sourre�believed reliable,Willie we,do not doubt Ka ecturncy,"have not verined it anrf make no puarantee, wercanty or reperxntallon about tilt InPormatlon,express,implied,statutory or atherwlrr...tt I;your responalblilty to Independently connrm It-accvra y an0 completeness.The valor,OF tiles transecClon may ett;pnnd on tax and other Ulctorc which vhoulo hr.cvphjated by your tax,nnpnoril,and lecal a0vlsorr..ThC Inrormetion provtrlgd here Is For general information purposes only mrd Roes not constitute It 941,financial,accounting,tax,or other profexUonal edvlcc.You should consult an appropriate Independent vrbFe591onal to conduct a carenll,IndepenFent Investigation OF the Inforroatlon Presented. http://www-loopn r-t.com/xNet/MainSite/Cornparables/Profile/Comparable.aspx7CID=1753... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 11/19 RecentSale Profile Page 1 of 1 10610 Nassau St Ne 10: 3.11191691 Sale befalls 10610 Nassau St Ne _................. 10610 Nassau St Ne Sale Status: Sold Minneapolis, MN 55449 _ ...... .................. . ... ............. Anoka County Sale Date: Apr 2D09 _.._.._. ......_...._.._._.................._..-..._... Sale Price: $500,000 $x0.98/SF ' Property Type: Industrial Cap Rate: Not Provided i........_._. _...... _ .............. .........: Sub Type: Manufacturing i Building Size: 12,200 SF sale Details provided by public Record Year Built: 1968 .KAKIS ' 0114118 Patties to Transaction Seiler: JOHNSON JULIAN M&JOANN F Buyer: SPORTSTOWN USA LLC 7700 France Ave S #525, Edina, MN 55435 Property Information Property Use: Industrial EAPN/TaxlD: 5.0D Acres No.Buildings: I 1: 21-31-23-24-0011 Document Number: 49969 6/6/2008 The Informntlon shove hat her+hb-AIMOd$om;0urcr5 bolievnd rellable.While we do not doubt Its accuracy,we have not verified It.and make no guarantee„ warranty or reilm9entotlon about.the inrormittlon,express,Implied,statutory fir othorwtte.A t;your rerpon,Iblllly to independently conTirm Its accuracy ant �ompipkrnecc,The v.Ipo fir Title I?'?n9acI:lrin mBy depend on tar:and other racl.or9 whlrh ODUld be evaluated by your tah,financial,and Irgal"vi"om The lydo:madon provltce here I:?roe generpi Intbnnatlon purposes only and does not constih¢e lepal,financial,accounting,W,or other profesflonal 110VIet.Yolr rhot,ld ConrtrR an approprlate Independent proFexelonal to ronduct a obrrr$d,Indtpcndrnt Investigation of the Information presented, http://urww-loopnet.com/xNet/MainS to/Comparables/Profile/Comparable.aspx?CID=1851... 4/19/2010 E)4/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 12/19 RecentSale Profile Page ]. of 1 2610 Marshall St Ne to;1975392 Sale Details 2610 Marshall St Ne ._ .1 2610 Marshall St Ne Sate Status: sold Minneapolis, MN 55418 Hennepin County Sale Date. fun 2008 Sale Pricer $8.020 $0.40/SF Property Type: Industrial Cap Rate: Not Provided Sub Type: Manufacturing Building Size: 19,889 SF _._................ ................._ __ ............... ...................--...... .. Sale Details wovlded by Public Rtcord Year Built: 1947 9a1C�IteeerltStale Parties to Tran4actlon Seller: LUNDEEN ROGER&KAREN G Buyer; MILLER,JOHN F H 2610 MARSHALL ST NE,MINNEAPDLIS,MN 55418 Financing Comments Lender Identified as . Property Information Prop"Use! Industrial Lot Size- 1.55 Acres No. Buildings: 1 APN/TaxID 1: 10-029-24-13-0009 Document Number: 976373 6/27/2008 The;Information above hfi5 been obtained frOm MOMS bellevrti rellable.Whlie.w(do not doubt Rf.ticcuracy,we havre nM:verinvo it and mfike no puarantee, Warranty or reoresentaUDn Pbout the InformNNon,express.ImPllttd,statutory or oth"Ise.it Is yolir responsibility to independently confirm its accuracy and compietenef .The value or Chip transaction may dCptnd on tax and oHter tactors which Shol.rld be evaluated Ivy Your twc,financial,and legal Bdvirors,The Information provldeo here is for fNlneral inrprmation purposes only find does not aonetltlite legal,pnane;ifil,accounting,tax,or other professional advice.you should consult an appropriate Independent 1)'Ores5lollal to conduct a careful,Indopendent invrftlgaHon of the Intorniation.pretented. http://www.ioopnet.con VxNet/MainSite/Comparables/Profile/Cornparab)e.aSpx?CID=I 875... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 13/19 RecentSale Profile Page 1 of 1 2610 Marshall St Ne 10:1990692 Sale Details 2610 Marshall St Me 2610 Marshall St Ne Sale Status: Sold Minneapolls, MN 55418 _......._._............ . ... __.... Hennepin County I � Sale Date: Jun 2008 ......................................_..................._._........._.._................... I i j Sale Price: $5,419 $0.11/$F _.. ___....__...... Property Type: industrial Cav Rate: Not Provided .. . Sub Type: Manufacturing BulidIn9 Size: 51,578 SF Sale Detalls Provided by Public Rtcord Year Built: 1955 Save ReeontSale Parties to Transaction .......... _.................. . ... ...._ Seller: MILLER MATTHEW Buyer: MILLER,JOHN P H 2610 Marshall St Ne, Mlnneapoils, MN 55418 Property information Property use. industrial Lot Size: 1.34 Acres No.Buildings: 1 APN/TaxID 1: 10-029-24-14-0010 Document Number: 976371 7/11/2008 Th?Information above has been obtefnpd Prom sources believed rellable.While we On not doubt R^<cGUr?ry,we have not:verified it and make no guoranter, watrenty or re.prCCCnt�;otlon about the inrormntlm,express,implied,statutory or otherwiRe.It is Your reBpDrisiblllty to inarpendtntly confirm it-;accuracy end Complete n eSS.The voilue of thin tr7nt-161:Ign m.y depend on tax and other Ia[tore which shoulCl be evaluated by your tax,Onenrlal,Mt(J Iggnl OdviMr'o.The Information Provided here Is for peneral Information purposes only and does not constitute legal,f1manclol,0ccotmting,tax,or other prote5sional edvicr..Veto shoyld consult an aPProprintC Indt'.pendent prolesslnnai to conduct a Mrr-ful,In0clitntipnt Investloatlon of the iniormatlpn CIM"C+lttd. hUp://www.loopnet.con/xNet/MainSite/Cornparablcs/Profile/Comparable.aspx?CID=1890... 4/1.9/201.0 04 '19/2010 10: 54 7635049918 ART EFFECTS INC PAGE 14/19 RecentSale Profile Page 1 of I 2610 Marshall St Ne :o:iesos93 ` Sale Deta115 2610 Marshall St Me 2610 Marshall St No sale Status: Sold Minneapolis, MN 55418 _..... _ Hennepin County Sale fate Jun 2008 Sale Price: $15,391 $0.30/5F _ __ . Pro pertyTyIpe: Indu strial Cap Rate: Not Provided _ _._..... .............. .... _ ._... .... j Sub Type: Manufacturing Building Size: 51,576 SF ....................._._ . _.._....... �c�tltSale Salr Details Crovlded by Dubuc Record Year Built 1955 Save Partied to Transaction ........._......... _. _... Seller. MILLER JOHN H F&KAREN Buyer: MILLER,JOHN F H 2610 Marshall St NE, Minneapolis, MN 55418 Property Information . ......... .__...._... Property uae: Industrial Lot Size: 1,34 Acres No. buildings: 1 APN/TaxiD 1; 10-029-24-14-0010 Document Number: 976372 7/11/2008 The InFprmatlon above pax Dien obtained From sovrcos believed rellabir,,while we do not doubt It:s ac:c:uracv,we have not:verinrd it and make no guarantee, wat7enty or mprmentation aboul:the Informstlon,exp rrts.Implied,statutory or otherwise.It Ir your responsiblllty to Indopr_nden7ay confirm Its accuracy end completeness.THe+mipt of This transaction may depend on tax;Ind other rectors which should be evatuattd by vour tax,nnpndlal,and Iepel edolsor^.The Information prboritd here Is for oent."I Ini'ormation purposes only and does not constRute legal,nnanclol,accounting,tax,or other proteastonal advice,you should consult an auproprlat:e indrgonaent proreeetnnal to conduR 0 careful,haMpendenl:tnvextlgatlon of the Information presented. http://www.loopnet.conVxNcVMainSite/Comparables/Profile/Comparabl e.aspx?CID=1 890... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 15/19 RecentSale Profile Page 1 of 1 900 N 3Rd St x�:x9ooas� Sale Details 900 N 311d St _. 900 N 3Rd St f Sale.Status: Sold Minneapolls, MN 55401 _._e ..._ ... Hennepin County sale Date: Jul 2006 Sale Price: $2,200,000 i $34.161SF Property Type: Industrial Cep Rate: Not Provided _ Sub Type: Manufacturing 5Ulld1np .............. ... Slze: 64,360 SF .... ... ...... .. ".... I .......... . v RecentSale Sale Detail,Provided by Public tie:rord YQBr Built: 1919 ,"�,� e Parties to Transaction Seller: BUXEL JACK&JANE Buyer: FTK PROPERTIES INC 6000 Bass Lake Rd*200, Crystal,MN 55429 Property Information _...... .. .....__............ _ .............._......_ __........_.. ..... Property Use: Industrial Lot Size: 0.45 Acres No. Buildings: I APN/TaxID 1: 22-029-24-21-0054 Document Number. 976590 7/21/2008 The Infonnetlon above has been obtemrrl frpm smrrces uenevrd rnnable,while we dq not doubt Its accuracy,we have not verinpd it and make no ouarantrr, wprrrnty or represen Lotion nhrn/t the Information,rxpress,Implied,statutory or otherwise.it is your responObRlty to Independently confirm Its arrurary and completeness.Thr value or this tmnre-ct)on may depend or,tax and other factors which should be tvlifuated by your tax,flnnndal,and le9el rdvl5ors.The inrormetlon provided beer.IT kr grncral InFOrrnet3nn purposes only end ttoCS not[vnstRUM 1egd1,financial,acclnrnhng,tax,or otner profesoonai advice.You r.hrndd consult an appmprkito Independent pmfosslonal to conduct a careful,Independent InvestloAtlon of the Information prntritNI. http://WWW.IOOpDet.corn/xNet/MainS ite/Comparable sJPTOfile/COMpar able.aspx?CID=1900... 4/19/2010 04/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 16/19 Recent5ale Profile Page 1 of 1 210 Edge PI #N io:�9o�aao Sale Details 210 Edge PI #N i ... 210 Edge P1 *N Sale Status: Sold Minneapolis, MN 5541,8 i. ............_. _.. ----I Hennepin County Sale Date. Jul 2008 1 1 Sale Price: $1,051,147 ( i 318.58/Sf Property T P rty ype. Industrial Cap Rate .Not Provided Sub.T.._.... ... . ......I _ yne. ManuAact uring i Building Size: 56,586 SP _.. ...•._.._ Save RetentSala Sol c tuetatls Provided by Public Record Year Built: 1962 Parties to Transractlon Seller: MISKE FRANK A)R 6 MARY) Buyer! FMK FAMILY LTD LIABILITY 18612 BURNS PKWY,ANOKA, MN 55303 Financing Comments _.... ....... ... __......... ..........-............ ............................ ._.... ... ... .... .. ..._....._........_.... Lender Identified as . Property Information Property Use: Industrial Lot Size: 2.71 Acres No. Buildings: 1 APN/TaxID 1: 02-029-24-23-0045 Document Number: 9155526 7/25/20D8 The inmrmotion apovr ha;been obtained ham sarrctx b®Ileved reilable,while we On not doubt Its accuracy.we hove not verified It and make no yuarantre, warranty or representation"pout the Informallon,exprecr,Implied,statutory or of:herwice.It Is your responsiblllty to indepenvent:ly confirm Its ac- V and comDlrteness.The value or fivs I;r"n.attlon may depend on tax and other rartors which snould he cvtrhiated by your tax,tinanrlal,and IoQ"i advisors.The inrormation prOVIC d hurt Is for aeneral Information purposes only and aces not romaAwtp lkgal,financial,accounting,tax,or other professlonal advice.You should consult an apDropfiate Independent Professional to conduct,r careful,Independent InvestIgotinn of the Information presented. http://www.l oopnet.com/xNeVMainSite/Comparables/Profile/Comparable.aspx?CID=1907... 4/19/2010 04/19/2010 10:54 7635049918 ART EFFECTS INC PAGE 17/19 RecenlSale Profile Page I of I 7775 Main St N0 io:i939s90 Sale Details 7775 Main St No I _.. .. ....... 7775 Main St Ne I Sale Status: Sold I Minneapolis, MN 5543Z Anoka County Sale Date. Jul ZD06 Sale Price- $437,343 $40.12/SF i ..._................... .................. ... .....:................................. Property Type: Industrial Cap Rate: ..... Not Provided _............... _.._.._........__.. __....... _J Sub Type: Manufacturing _. Building Size: 10"' 0 900 SF snip Drtalis Provided by Public Rt:Cord Year Built: 1978 Save Roeent5") Parties to Transaction Seller LAWRANCE PROPERTIES INC Buyer: SIGNCRAFTER5 OUTDOOR DISPLAY I 7775 Maln St Ne, Fridley, MN 55432 Financing Comments Lender Identlfled as . Property Information _. ................ ...... ....... _........_.........,... Property use: Industrial Lot Size: 1.42 Acres No. Buildings: 1 APN/TaxID 1. 02-30-24-33-0019 Document Number: 50155 8/22/2008 Thr Information above hna boon otnained rrnm COtiree5 believed rellablr,.WhgC wg An not doubt IN'oCCatnry,we have not vcrlRad it and make no guArarttee,µ Warranty or mpresentabon about;thr Information,expreeP,Implied,statutory or alt crw ise,It Is your re;ry>onsIbplty to Independr,M.iy confirm Its accuracy tend combleteness.The$vrlue or tills kransae,#IOn may depend on tax and r?ther factory which Should be evaluated oy your tax.financial,and lepal advisors.The bHOrmat4tn provided here is for oannnl I r nfo malion purposes only and does not con511tute legal,nVn U a I,pCCpunt I np,tax,n rof h nr pmfesslonai advice.You shmdd rnnsun an A livropriate Indeiiendent prof%clonal to ConMrtlS tl Oreful,independent Inve'.4100flon or the Inrormeltion presented. bttp://www.loopnP-t.corn/XNeVMainSite/Comparables/Profile/Comparable-aspx?CID=1939... 4/19/2010 E)4/19/2010 10:54 7635049916 ART EFFECTS INC PAGE 18/19 RecentSale Profile Page 1 of 1 3219 N 2Nd St c:xsaslso` Sale Details 3219 N 2Nd St 3219 N 2Nd St Sale Status: Sold I Minneapolis,MN 55412 Hennepin County I �' Sale Date Jul 7008 Sale Price: $481,964 I 1D $32.33/SF _..................._... .._........__-._........._._. pbpem Type: Industrial Cap Rate Not Provided t Sub Type: Manufacturing Bu11 dIn9 Size: 1 8 SF Sole DrtOils Provided by Public Nerord Year Bul 9'$4 Parties to Transaction Seller: LAMUSGA PROPERTIES INC Buyer: 3219 PROPERTIES LLC 3219 N,2ND ST, MINNEAPOLIS,MN 55412 Financing Comments _.. .. ..... . ... ............ . . ........ .......__._..__....._.... _ .. _......_..-.... . .... ...... Lender Identified aS NORTHWEST 13K- Property Information Lot Size:Ql:�-1 Acres Property Use: Industrial :) No_ Buildings; 1 APN/Tax -24-24-0075 Document Number: 4515974 8/15/2008 Tito Inform; Mon above 11,19 heen obtained from Sources believed relitimp,while we do not doubt Its arcipacy,we have not verifled It:end make no guarantee, wArrbnty or representation nboiA the Information,express,Implied,stetui7ory or ol1�P-rwlse.It Ig your rESDOnsNlllty to IndC.prndantly[onnrm its ACturary and complrtrnn5s,The value or t:hle rransat;tlon may dr-prnh on tax and other rnClort which Should be.rvaluri cd by your tnx,nnnncial,and legal advisors.Tho Information provided here IS for oeneral Information purposes only end dot;not constKute legal,flnancfat,accounting,t;lx,nr other proresvonAl:1dvlce.You should ron;ull rn appn7prlBl'.e IIIdCPendrnl:pr01'PSSIonal to eonduct a Careful,Indeperdcnt Investigation or the Information pre"nted. http://www-10apne t.com/xNet/MainSite/Comparables/Profile/Comparable.aspx?CID=1931... 4/19/203.0 04/19/2010 10:54 7635049918 ART EFFECTS INC PAGE 19/19 RecentSale Profile Page 1 of 1. 200 Commerce Cir S :o:>tczrncs iSole Details J ZOO Commerce Cir S _... . ......................._._..._..I 200 Commerce Clr S Sale Status: Sold Fridley, MN 55432 .................. i Anoka County I Sale Date: Oct 2007 Sale Price: $2,199,384 $36.49/SF _..__........_.... Pro9erty Type: Industrial Cap Rate Not Provided .. .... .I Sub Type: Manufacturing i Building Size: „60,270 SF Letalls Provided by public Rpcord Year ullt: 1960 w fteceO,tSale PortICS to Tran5actlon ..................................... ...................._......_.._. .,...... _....................._.._ ....................._-......... . ........... :........... ..............-._.. ........... Seller: SCHLENER RICHARD Buyer: SCHL,ENER, PETER R 200 Commerce Cir S,Fridley, MN 55432 Property Information _....._-...._-........ ............................ _..._ ------------- .....,,.........__......................... ... .......I.__......... .. Property Use: Industrial No.Buildings: 1 APN/TaxID is 11-30-24-32-OD35 Document Number: 46549 1x/9/2007 The Information above has been obtalned n•om sours b6leved rebable.while we do not dDUlat ikS PCalracY,we have not verified It and mate no guarantee, warranty or repreGenWtlon about the information,express,Implied,Statutory or otherwise.It is your m..mom0billty to independently confirm its accur-nry and completeness,The value of this transaction moy depend on tax onto other factors which Should be evaluated by your tax,financiei,anti 1egm advisors,The Informotlon provided hr;re 15 for general information purpose:only and does not tonrtitutc legal,financial,ecr,ountlnp,tax,or othflr professional advice.you should consult an appropriate Independent proressionai to ronduG a cererur,independent Inveakiation of the Inrormatlon presented. http://www.loopnet.com/xNet/MalinSite/Comparables/Profi le/Comparable.aspx?CID=1620... 4/1.9/2010 Report Name: Taxpayer Inquiry Printed:4/19/2010 City of Brooklyn Center Page: 1 Taxpayer Inquiry Displace House Nbr Street Name Unit Zip ode ±44) 10-118-21-13-0080 3715 50th Ave N 55430 Last Name First Name MI Owner Taxpayer Resident Hanson Monte Y Y N F or ntag_e Left Side Rear Side Right Side EE f.Width Eff.Depth Property Area Acreage Zonin P/S Exempt Code School Dist Watershed Yr Built 150 200 150 200 150 200 29,351 0.67 I2 0281 14 0 Year Ver #Subs Land Value Bldg Value Mach Value Tot Mkt Value Tax Cap Hmstd Midyr Rel H P/T %Own P/C 2010 1 1 142,000 898,000 0 1,040,000 20,050 N N N 1 0 N 2009 1 1 150,000 890,000 0 1,040,000 20,050 N N N I 0 N Lot: Block: 5 Addition: Brooklyn Manor Village of Brooklyn Center,Hennepin County,Minnesota Lots 5 and 6 r I, y , V If... s I z z„, City of Brooklyn Center P1D: 10-118-21-13-0080 Property Type: 1-Industrial Commercial Field Card Property Address: 3715 50th Ave N Zoning: 12 Lot/Block: /5 Addition: Brooklyn Manor Village of Brooklyn Center,Hennepin Owner(s): Monte Hanson Printed: 4/19/2010 District: Assessment Year: 2010 Neighborhood: 0016 Project(s): Version: I Watershed: 14 Building: 1 School District: 0281 M Zoning: 12 Name Art Effects lo Gross Income Area Rating: Average y�l )� Area(SgFt): Vacancy Percent: Site Rating: Fair Partial Effective Gross Income: g o Basement Area Percent: Land Quality: A01-Land Overall al Construction ality (/a): Q y Overall Quality: Bsmt.Use Code: - Operating Expense: Contamination: Architectural Appeal: Average Bsmt.Use Code Suffix: Net Income: Flood Plain Map Ref: Construction Quality: A Elevator(s): Capitalization Rate: PUD Ref: verage rs) Construction Type: Masonry Gross Rent Multiplier. Allowable Units: h w Rent/Square Feet: Excess Land S Ft: Building Condition Average «.,x•: -,, -.._w. •>,_ q ( q ) Electrical Service. Average Security System. N Zoning ariance: N g „ " Plumbing: Average Frontage: 150 Primary Exterior Walls: Brick Sprinkler Type/Percent: Yes/100 Left Side: 200 Secondary Exterior Walls: o- °' c : : Date: Rear Side 150 Roof Construction: Wood H Package Price: Right Side: 200 Heating 1: Package Unit/75 Y g Roof Type: Flat Code: Effective Width: 150 Heating 2: Space/25 Roof Cover: Pitch&Gravel Desc: Effective Depth: 200 „, Heating 3: / Effective Water: 0 494-Industrial Light Mfg A 100 Property Area(SgFt): 29,351 A/C 1: Package/100 Appraiser ID: Acreage: 0.67 ;. - 0 A/C 2: / Appraisal Date: 04/21/2009 A/C 3: / Reason: Board of Review Park Quality: _ 0 Result: Interior On Lake: Lake Quality: x On River: Functional%: Actual Age: 1952 First Floor Area: 20,465 River Quality: Economic%: Effective Age: 1975 Gross Building Area: 20,465 Appraiser ID: Landscape Quality: Physical%: Renovated Age: 1999 Net Rentable Area: 20,402 Appraisal Date: r Mezzanine Area: Curbs Total Floor Area: 20,465 Reason: _ ,. $ Gas K � � Gutter Parking-Surface 8 u � �' Result: Irregular Shape y Land Building Percent: 143.4 Paved Street Floor Area Percent: 69.7 Left Tag: Yes/No Sewer Available Perimeter Length: 658 Water Available Office Area: b Gross Office Area Percent: Value: „ Net Office Area Percent: Desc: u ..„ ,1 .„„q . Tnflttlte Sprinkler/Fire Protection installation in 2000. Low ceiling height in office and warehouse area of old building. Old section has wood truss roof.Delivery door along 50th cannot be used for truck deliveries,main delivery pg,w ';° handled off France.Employee entrance facing 50th. Interior has small ceiling tiles,sheetrock finish,and ceramic ` tile floors.Gallery finish has oak 6 panel doors and track lighting. Building has had windows replaced. Vaired Average Story Height: 13.0 ceiling his from 9'to 17.High level of finish in entry/showroom area. Number of Stories: 1.0 Total of both PID's was combined in 2009 assessment,total equals 20,465 GBA,29,351 Land Area. Average Clearance Height: 10.0 Finished Ceiling Height: Income/Lease: Tenant: City of Brooklyn Center PID: 10-118-21-13-0080 Property Type: I-Industrial Commercial Field Card Property Address: 3715 50th Ave N Zoning: 12 Lot/Block: 15 Addition: Brooklyn Manor Village of Brooklyn Center,Hennepin Owner(s): Monte Hanson Printed: 4/19/2010 District: Assessment Year: 2010 Neighborhood: 0016 Project(s): Version: 1 Watershed: 14 Building: 1 School District: 0281 85' 6-1 First Floor 510 sf B'Avg.Ht 6' 120' 60' 19'. cm 7 a e 7, 14' i 20' GBA 20,465 sf 16' 5' 20' 92' 41' 120' 46- Varying Ceiling Haighteala-b 11'2' Sketch by Apex Medina Subject Property 2010 EMY 2 parcels were combined into one for 2009 asmt,has been one building w/varying 10-118-21-13-0080 3715 50th Ave N. Brooklyn Center Industrial Light Mfg 1952/1975 10 20,465 $1,040,000 $50.82 heights. INDUSTRIAL SALES NORTHWEST`MARKET AREA PID# Address City Use Code Act.Age/Eff.Age Clr Ht GSA Sale Date Sale Price Sale$[(] Comments 06.118-21-33.0001 9440 Science Center Or New Hope Industrial Light Mfg 1961 11961 11 21,636 6125/2009 $1,700,000 $78.57 Surplus land in wetland. 12.119-21-23-0050 11000 93rd Ave N Maple Grove Light Comm.Util 1975/1980 9 23,376 1113/2008 $1,804,717 $77.20 Total of 2 CRV's and 4 Parcels 08-117-21-11-0049 2231 Edgewood Ave St Louis Park Ind Light Mfg, 1961 11980 16 20,135 2/2712009 $1,350,000 $67.05 Phase 1 did not pass, 28-118-22-24-0117 15265 23rd Ave N. Plymouth Industrial Flex 1996/1996 20 27,828 1117/2008 $2,400,000 $86.24 Buyer put$140,000 into property after 34-119-21-42-0009 6020-6024 Culligan Way Minnetonka Warehouse Storage 1979 11990 22 25,860 12/5/2008 $1,900,000 $73.47 29-118-21-24-0062 7145 Sandburg Rd Golden Valley Warehouse Storage 1968/1978 24 27,832 2/2712009 $1,400,000 $50.30 I I i