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2011 04-18 CCP Board of Appeal & Equalization Reconvene
CITY OF BROOKLYN CENTER 2011 LOCAL BOARD OF APPEAL AND EQUALIZATION RECONVENE APRIL 18, 2011 111 � 11 2011 Brooklyn Center Local Board of Appeal and Equalization Reconvene Meeting Agenda: 1. Meeting called to order, roll call. (6:00 p.m.) 2. Local Board of Appeal and Equalization (LBAE) Certification Form. 3. Consideration of appeals: Tony Yang Commercial 5650 Lilac Dr. Brooklyn Center, MN PID # 02- 118 -21-42 -0032 William Stoner Commercial 5001 Drew Ave N. Brooklyn Center, MN PID # 10- 118 -21 -13 -0003 David Trepanier Residential 5801 Knox Ave N. Brooklyn Center, MN PID # 02- 118 -21 -14 -0020 Scott Kevitt Residential Waterfront 5306 Perry Ave N.; Brooklyn Center, MN PID # 10- 118 -21 -22 -0001 Ludmila Bryskina Residential Waterfront 5601 Indiana Ave N. Brooklyn Center, MN PID # 03- 118 -21 -31 -0082 Brett Hildreth Residential 720 69th Ave N. Brooklyn Center, MN PID # 25- 119- 21 -34- 0008 Michael Seery Commercial 61566 th Ave N. Brooklyn Center, MN PID # 36- 119 -21 -13 -0119 4. Adjourn n Tony Yang Kashia Adult Daycare 5650 Lilac Dr., Brooklyn Center PI D # 02- 118.21 -42 -0032 Review owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Owner may provide additional documentation regarding the market value or classification. • 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. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: • Make no change and sustain the 2011 estimated market value or classification. • Reduce the 2011 estimated market value. • Increase the 2011 estimated market value. If the owner(s) 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. CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION ... 2011 Assessment APPLICATION FOR APPEAL February 21, 2011 through March 18, 2011 You must return this application by March 18. 2011. to be placed on the Agenda for the Local Board of Appeal and Equalization held April 4, 2011 at 7:00 P.M. Name(s) - 1 Daytime Contact. Number (&/;L) (Pss -- Property Address 5LSD Property identification Number Assessor's 2011.Estimated Market Value Is your property residential, commercial or mufti - family? If you are appealing a commercial, multifamily or residential rental property you must include income and expense data for calendar year 2010 with your application. What is the reason you are appealing your 2011 assessment ?' p4 p ?- I ry6 /k A - i �-r y Ta f i When did you purchase your home? Date of Purchase 1 >o03 Purchase Price .? Or�Q 4 4 6 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, a purchase agreement or a market analysis by a real estate agent completed within the last year? a or No � (1 If so wh �w 9 at a determina e the terrain f ataon o value? f - - What do -you think the market value of your property should be? ®� 060 Please provide any documentation supporting your claim of overvaluation or eRoneo us classification with this application. aaa : i � "` ��:' a r 5 z:, 4 € •r'a,F"i :� '� a e�^ �. ' RE ASS ESSO R S City of Brooklyn Center A Millennium Community TO: 2011 Brooklyn Center Local Board of Appeal and Equalization RE: Tony Yang Kashia Adult Daycare 5650 Lilac Dr. N. Brooklyn Center, MN 55430 Carrie Jacobson, an Appraiser, representing Mr. Yang, contacted the Assessor's office on February 24, 2011, with a concern regarding the 2011 valuation of the Kashia Adult Daycare located at 5650 Lilac Dr., Brooklyn Center. Ms. Jacobson had completed an appraisal of the property as of February 5, 2011. Mr. Yang has indicated on his appeal application that he is requesting a 2011 estimated market value of $390,000. A review of the property was completed by the City Assessor on March 1, 2011. The last review of the property was completed December 11, 2006. The property is a 3,894 square foot building built in 1965 and renovated in 2006. The property has an effective age of 1985. The property is considered in average condition, has wood frame construction with a brick exterior and gable roof. The property has gas forced air heat and central air conditioning. The property includes a vestibule entry, an open area, director's office, exercise room, recreation room, coat /storage pass through, nurses' office, quiet room, mechanical room, kitchen/prep, and male /female restrooms. Photographs were updated and the dimensions verified. There were no physical changes to the property since the last review. The property was purchased in October of 2003 for $475,000. The property was an office building at the time of purchase, and based on building permits, there have been approximately $26,000 in improvements to convert the office to a daycare facility. In reviewing sales of comparable properties, there were no daycare sales in Brooklyn Center. Comparables were reviewed outside the city jurisdiction. Three daycare facility sales were available in Hennepin County, within the last two years. One sale was a few months prior to the sales ratio period, but has been adjusted for time, as there are minimal comparables available. Comparable three was previously a daycare and had been converted to a multi - tenant office, but the buyer has indicated that the property will be converted back to a daycare. This sale is the most recent comparable and is most comparable with the least amount of adjustments. The daycare sales comparable analysis grid indicates an adjusted sale price range of $87 to $104 per sq. ft. The subject property is owner occupied so lease income data is not available. A market based income approach was included with the report indicating a market value of $428,000. , An additional sale was listed in the last report but was rejected as a non -open market transaction due to purchase by a related party. The sale indicated a related party purchased, and price was based 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 on the generation of rental income. This sale was used as a verification of daycare market rent in the Assessor's market income approach. As there is limited data available on adult daycare, the child daycare market information was used. Ms. Jacobson indicated that Mr. Yang had provided a draft copy of an appraisal, and submitted a final appraisal copy dated December 31, 2010, at the board meeting on April 4, 2011. Ms. Jacobson provided a daycare sales comparison grid in her analysis of highest and best use. Sale one was rejected by the MN DOR as a related party purchased the property under duress as the MN DOT overpass impacted the business and forced the business to close. The seller also financed the transaction. Sale two was also rejected as the property was a church that the buyer currently leased space from, for a daycare. The church was losing congregation due to a reconfiguration of the 610 access and decided to sell. This sale is rejected due to an exempt classification and prior lease: The remaining two sales in the grid are sales that the Assessor also used as comparables. In the sale comparison approach Ms. Jacobson indicates four comparable sales. Sale one while listed as an open market transaction, is more comparable as a land sale. The property was razed down to the foundation and a two story structure was built. Sale two was rejected as a bank/forced sale. Sale three should not be used as the property is an office condominium, and sale four was also a land sale as the property had no water and sewer connections and was scheduled to be razed. The appraisal by Ms. Jacobson indicated a reconciled value of $396,000, as of December 31, 2010. It is the Assessor's recommendation to reduce the 2011 estimated market value of $478,700 to $405,000 for taxes payable in 2012, placing the most weight on the recent sale comparable and the market income approach. Respectfully submitted, Nancy Woj ik, SAMA City Assessor City of BROOKLYN CENTER 2011 Local Board of Appeal and Equalization Kashia Adult Daycare Tony Yang 5650 Lilac Dr N 02- 118 -21 -42 -0032 TV i Shia Adult Day Servit V -..fir. '. ., •, 2011 Assessed Value: $478,700 Recommendation: Reduce 2011 EMV to $405,000 This report is not an appraisal as defined in b1.S. §82B.02 (subd.3) nor does it comply with the Uniform Standards of Professional Appraisal Practice. It is intended to be used as a reference only and any use other than its intended use is prohibited and unlawf d The author does not represent this to be m7 appraisal and is not responsible for any inappropriate use. It is a report of public records using a mass appraisal technique. City of Brooklyn Center Assessing Department 2011 Local Board of Appeal and Equalization Staff Report Kashia Adult Daycare Property Owner(s): Tony Yang Property Address: 5650 Lilac Dr N PID #: 02- 118 -21 -42 -0032 Market Value Assessment Year 2011 $478,700 Assessment Year 2010 $568,100 Assessment Year 2009 $599,000 Sale: October 1, 2003 - 475,000 (11 - Other) Comments: An Appraiser, Carrie Jacobson, contacted the Assessor's office regarding Mr. Yang's property at 5650 Lilac Dr.on February 24, 2011. The appraiser's conclusion of value was $396,000. The property was originally purchased as an office but has been remodeled to include a kitchen food preparation area, and separate rooms along the outside walls, including a recreation area, excercise room, nurse's, office, quiet room, director's office, mechanical room and male /female restrooms. The interior is open to allow for seating, activities and serving of meals. There is a pass through closet area to hold coats and supplies. The property includes GFA furnace, and centrail air conditioning. There is an additional small storage shed on -site. The property owner purchased the property October 1, 2003 for $475,000, as an office and has done some remodeling to convert the property from an office to adult daycare, including approximately $26,000 of improvments from 2003 to 2011. The primary change is the commercial food preparation area. The property was reviewed on March 1, 2011, and physical characteristics were found to be correct. The subject property is considered to be most comparable to a daycare facility. There were no daycare facility sales within the City of Brooklyn Center for the sales study period, two daycare in use sales occured, however one is slightly earlier than the study period. An additional sale was found of a property that had been a daycare fifteen years ago and is returning back to a daycare use. The recommendation to the board is to reduce the estimated market value of $478,700 to $405,000. Assessor Recommendation: Reduce 2011 EMV to $405,000 Appraiser: Last Inspection Date: Nancy Wojcik March 1, 2011 2011 Board of Appeal and Equalization ' Kashia Adult Daycare ME I- IN Subject Data Summary PID #: 02- 118 -21 -42 -0032 Buildings on File: 1 Property Name: Kashia Adult Daycare Property Address: 5650 Lilac Dr N Brooklyn Center, MN 55429 Multiple Address: No Lot/Block: 000 /000 Addition: Registered Land Survey No. 1114 Hennepin County, Minnesota Legal(120): COM AT MOST WLY COR OF TRACT A TH SELY T O MOST SLY COR THOF TH NELY TO ANGLE PT IN SLY LINE THOF TH E TO SE COR THOF TH .... More Owner(s): Tony Yang Property Classification: Commercial 2011 EMV: 478,700 2010 EMV: 568,100 2009 EMV: 599,000 EMV /GBA: 122.93 Lot Size: 31,365 Sq.Ft. / .78 Acres Zoning: C1 Gross Office Area Percent: Building Use: 426 - Day Care Center /100% # Stories: 1 Avg Story Height: 10 Avg Clear Height: 9 Actual Year Built: 1965 Effective Year Built: 1985 Renovated Year: 2006 First Floor Area: 3,894 Gross Building Area: 3,894 Basement: No Parking: Parking - Surface 2011 Board of Appeal and Equalization 3 Kashia Adult Daycare Additional Subject Photos f. 1 f S i y r 'ashla Adult oay services y y _ • J Exterior 2011 { f > r . r It " Side View Exterior 2011 2011 Board of Appeal and Equalization 4 Kashia Adult Daycare Additional Subject Photos Y / IU1i �; { Rear Exterior View 2011 RAY W.0 S5t - f Entry and Open Area 2011 2011 Board of Appeal and Equalization 5 Kashia Adult Daycare Additional Subject Photos - ' lili�tlsN� � lilliC� ifIN3d6�liitlt Rec. and Open 2007 F i 1W F' N �t}•'a 4L Kitchen Remodel 2006 2011 Board of Appeal and Equalization 6 Kashia Adult Daycare Subject Sketch � Kitchen First Fl or 3894 Z" . C3 5 Sketch 201 Board of Appeal and Equalization 7 Kashia Adult Daycare Report Name: Permit List City Of Brooklyn Center Printed: 4/15/2011 Permit List Page: 1 Permit List for: 5650 LILAC DR N Permit # Unit Value Permit Tyne Sub Tyne Work Type Description Cancelled Issued Date Final Date Dead Date Expiration Date Refintd Date BCO32060 $0 Electrical Commercial Remodel /Alteration INSTALL CIRCUIT 11/13/2006 11/21/2006 FOR ANSIL SYSTEM &L BCO31801 $13,500 Mechanical Ductwork Remodel /Alteration GREASE HOOD /ADJ 10/11/2006 11/16/2006 HVAC SYSTEM BCO31748 $600 Plumbing Commercial Remodel /Alteration RELOCATING SINKS 09/29/2006 03/25/2008 BCO31595 $1,725 Fire Sprinkler System (Wet) Remodel /Alteration ANSUL R -102 FIRE 09/13/2006 11/16/2006 SUPP SYSTEM BCO31443 $1,000 Building Commercial Remodel /Alteration KITCHEN 08/25/2006 11/14/2008 11/14/2008 BCO24193 $55 Sign Wall Remodel /Alteration KASHIA ADULT DAY 04/09/2004 07/12/2006 SERVICES SIGN BCO24034 $150 Electrical Residential 1 & 2 Famil: Replace INSTALL OUTLETS 03/16/2004 02/20/2004 IN KITCHEN BCO23821 $4,600 Plumbing Commercial Remodel /Alteration TENANT FINISH 02/05/2004 02/24/2004 BCO23565 $1,000 Building Commercial Remodel /Alteration TENANT FINISH 12/19/2003 03/01/2004 BCO23515 $3,450 Building Fire Monitoring System Tenant Finish FIRE ALARM 12/11/2003 03/01/2004 MONITORING SYSTEM BC014935 $18 Sign Freestanding Addition STEEN ENGINEERING 03/01/2000 04/27/2000 BC014884 $3,000 Building Commercial Addition STEEN ENG - SHED 02/17/2000 06/02/2004 BC014708 $24,000 Building Commercial Remodel /Alteration STEEN ENGINEERING 01/20/2000 01/30/2001 BC014724 $300 Plumbing Commercial Remodel /Alteration STEEN ENGINEERING 01/13/2000 01/30/2001 BC014640 $4,500 Mechanical Undefined Remodel /Alteration ductwork 12/23/1999 01/30/2001 Permit Count: 15 M-- M Sales Analysis _ al4d rj�d. � ,�►. •' - Item Subject Comp; rablc Comparable Comparable PID 02- 118 -21-42 -0032 35- 119 -21 -33 -0048 04- 117 -22 -24 -0022 03- 028 -24 -34 -0007 Address 5650 Lilac Dr. 12455 62nd PI. N. 15200 Wayzata Blvd 3600 Nicoilet S. City Brooklyn Center Maple Grove Minnetonka Minneapolis Sale Price $580,000 $700,000 $390,000 Personal Property $10,000 $0 $0 Sale Date 7/3112009 1211/2009 9/8/2010 Cash Equivalent Price $570,000 $700,000 $390,000 Price [/ GBA $95 $104 $98 Property Use Daycare Daycare Daycare Daycare Location Average Superior Superior Inferior Total Land Area 31,365 36,000 21,592 12,590 LIB Ratio 8.05 5.98 3.21 3.15 Year Built 1965 1979 1975 1971 Effective Year 1985 1985 1980 1971 Quality / Condition Average Similar Similar Inferior # Stories 1 1 1.5 1.0 First Floor Area 3,894 6,016 4,252 4,000 Total Floor Area 3,894 6,016 6,734 4,000 Basement None None 2,482 None GBA 3,894 6,016 6,734 4,000 Clear Height 9 10 8 9 Multiple Tenancy? None None None Yes Comments: Property was vacant at time of Property openly listed with For sale by owner with sign sale . Appraisal 7/2009 prior Coldwell Banker sale price for 9 months. The building to sale for $600,000. Personal close to asking price. Property had been a daycare 14 years property was alloted for will be owner occupied. ago, but had been converted playground equipment. into office. Property has central hallway down the center with separate M/F restrooms at the rear of the bldg. Buyer intends to convert the entire building into a daycare center. Roof was replaced 12 years ago. ADJUSTMENTS: Time -4% -1% 0% Location -2% -5% 0% Land /Building Ratio 2% 2% 3% Acie 0% 0% 0% Quality / Condition 0% 0% 4% Size - -4% - 4% 1 0% Clear Height 0% 0% 0% F unctional 0.00 0% 0% Net Adjustment % -8% -8% 7% Adjusted Sale Price $524,400 $644,000 $417,300 Adjusted Price GBA $87 $96 $104 Adjusted Price Range Adjusted Sale Price Range $87 to $104 PROPERTY USE: Day Care Center MUNICIPALITY: MAPLE GROVE Code: 426 D RC: 00 COMPLEX NAME: Children's World Learning Center COUNTY: HENNEPIN GBA 6016 WD ADDRESS: 12455 62nd Place North PIN #: 35- 119 -22 -33 -0048 Seq #: 1 Ratio Y Comp: Y AUDITOR ID: 997748 MULTI PID: N COMMUNITY: NBRHOOD: PROPERTY DESCRIPTION MARKET DATA Year Built /Effective Year Built: 1979 1985 Buyer: MSSP Mounds View, LLC Const Quality/ Condition: AVERAGE AVERAGE Seller: KC Propco, LLC Const Class/ No. of Bldgs: WD or steel stud Frm 1 Sale Data: Date of Sale: 7/22/09 Exterior Type/ Roof Type: Vinyl Hip Total Purchase Price: $580,000 2nd Exterior Type/ Roof Cvr: Brick Shingles /Composition — Down Payment Amount: $25,000 SIZE &USES First Floor Area/ GBA: 6,016 SF 6,016 SF Other Terms: Total Floor Area/ NRA: 6,016 SF TERMS Bldg Perim./ Shape/ Units: 316 FT Rectangle 1 No Data Available Mezzanine Area/ Use: SF Cash Equivalent Price: 5.22% $580,000 Bsmt Area/ %Fin/ %: SF 0% 0% GBA Cash Equivalent Adj: Bsmt Use: LESS: Personal Property: $10,000 Bsmt Fin/ %: SF 0% GBA PLUS: Special Assessments: Ind:Y $0 First Floor Use: Daycare Cash Equivalent of Real Estate: $570,000 First Floor SF/ %: 6,016 SF 100% GBA 2nd+ Floor Use: Sale Analysis: Sale Price Per Sq. Ft. TFA: $94.75 2nd+ Floor SF/ %: SF 0% GBA Sale Price Per Sq. Ft. GBA: $94.75 Tot Off Are SF 0% GBA Sale Price Per Sq. Ft. NRA: Primary Heating/ Pct: Forced Air 100% Sale Price Per Sq. Ft. Land Area: $15.83 Secondary Heating/ Pct: Sale Price Per Room: $570,000 Air Conditioning Pct: 100% Income Data: Sprinklers/ Elevators: Garage/ Ramp Spaces: PRIVATE DATA Surface Parking Space: 19 Parking Surface Type: Asphalt Rent Schedule: Multiple Tenancy: N PRIVATE DATA Bldg Ht/ Avg Clear Ht: 12.0 FT 10.0 FT # Stories: 1.0 Avg. Finished Ceiling Ht: 10.0 FT Total Land Area/ Topography: 36,000 SF Level Useable Land Area: 36,000 SF Zoning/ Land Def Cd: Business F Trackage/ Utilities: N All Public Land Blg Ratio/ Excess Land: 5.98 to one N Environmental Concern Ind: Other Amenities: Summary Comments: Property was vacant at time of sale. Buyer plans to do some some cosmetic interior unpdating and operate a daycare facility. $10,000 of personal property was alloted for playground equipment and misc. toys. Pin #:3511922330048 Seq #:1 a Subject n td ' 1 Property M .. '. r • ix Mend-WkGr z 1 FIDDOJVlIDAf C[ 7 p C 62,4 PIN _ G 2 67M 6vx N t Subject Bay Property (aka ky 6151 kve N _ . r o P° PROPERTY USE: Day Care Center MUNICIPALITY: MINNETONKA Code: 426 C RC: 00 COMPLEX NAME: New Horizon Day Care COUNTY: HENNEPIN GBA 6734 WD ADDRESS: 15200 Wayzata Boulevard PIN #: 04- 117 -22 -24 -0022 Seq #: 1 Ratio Y Comp: Y AUDITOR ID: 8098 MULTI PID: N COMMUNITY: NBRHOOD: PROPERTY DESCRIPTION MARKET DATA Year Built /Effective Year Built: 1975 1980 Buyer: MSSP Minnetonka, LLC Const Quality/ Condition: AVERAGE AVERAGE Seller: Carlson Center Land LP II Const Class/ No. of Bldgs: WD or steel Stud Frm 1 Sale Data: Date of Sale: 12/1/09 Exterior Type/ Roof Type: Stucco Gable 2n E xterior Typ Roof C vr: Brick Shingles /Composition Total Purchase Price: $700,000 SIZE & USES Down Payment Amount: $0 First Floor Area/ GBA: SF 6,734 SF Other Terms: Total Floor Area/ NRA: SF TERMS Bldg Perim./ Shape/ Units: FT Multiple Angles No Data Available Mezzanine Area/ Use: SF Cash Equivalent Price: 4.92% $700,000 Bsmt Area/ %Fin/ %: SF 0% 0% GBA Cash Equivalent Adj: Bsmt Use: LESS: Personal Property: $0 Bsmt Fin/ %: SF 0% GBA PLUS: Special Assessments: Ind:N $0 First Floor Use: Daycare Cash Equivalent of Real Estate: $700,000 First Floor SF/ %: SF 0% GBA 2nd+ Floor Use: Daycare Sale Analysis: Sale Price Per Sq. Ft. TFA: 2nd+ Floor SF/ %: SF 0% GBA Sale Price Per Sq. Ft. GBA: $103.95 Tot Off Area: SF 0% GBA Sale Price Per Sq. Ft. NRA: Primary Heating/ Pct: Forced Air 100% Sale Price Per Sq. Ft. Land Area: $32.42 Secondary Heating/ Pct: Sale Price Per Room: Air Conditioning Pct: 100% — Sprinklers/ Elevators: 100 Income Data: Garage/ Ramp Spaces: PRIVATE DATA Surface Parking Space: 30 Parking Surface Type: Asphalt Rent Schedule: Multiple Tenancy: N PRIVATE DATA Bldg Ht/ Avg Clear Ht: 10.0 FT 8.0 FT # Stories: 2.0 Avg. Finished Ceiling Ht: 10.0 FT Total Land Area/ Topography: 21,592 SF Slopes down to road Useable Land Area: SF Zoning/ Land Def Cd: PID F Trackage/ Utilities: N All Public Land Blg Ratio/ Excess Land: 3.21 to one N Environmental Concern Ind: N — Other Amenities: Summary Comments: Spoke with owner and property was listed with Coldwell Banker but owner couldn't remember list price, said sale price was close to list price. Property is owner occupied and will be a new day care /learning center (Creative Kids Academy). Owner felt price was fair and liked demogrpahics of the area. Good arms length transaction. PUBLIC * * * * * ** *ACE * * * * * ** *PUBLIC Pin #: 04117222400 22 F � _ l µ PROPERTY USE: Office Building MUNICIPALITY: MINNEAPOLIS Code: 344 RC: 00 COMPLEX NAME: multi- tenant COUNTY: HENNEPIN GBA 4000 CD ADDRESS: 3600 Nicollet Ave S PIN #: 03- 028 -24 -34 -0007 Seq #: 1 Ratio Y Comp: Y AUDITOR ID: 23657 MULTI PID: N COMMUNITY: SW NBRHOOD: King PROPERTY DESCRIPTION MARKET DATA Year Built /Effective Year Built: 1971 1971 Buyer: Imankey, Abdi Deeq S A Const Quality/ Condition: AVERAGE AVERAGE Seller: Duc Thanh Center LLC Const Class/ No. of Bldgs: Masonry Bearing wan 1 Sale Data: Date of Sale: 9/8/10 Exterior Type/ Roof Type: Concrete Block Flat Total Purchase Price: $390,000 2nd Exterior Type/ Roof Cvr: Brick Built -Up Membrane Down Payment Amount: $20,000 SIZE & USES First Floor Area/ GBA: 4,000 SF 4,000 SF Other Terms: Total Floor Area/ NRA: 4,000 SF TERMS Bldg Perim./ Shape/ Units: FT 4 Set 1 Mezzanine Area/ Use: SF Assume Ind: Bsmt Area/ %Fin/ %: 0 SF 0% 0% GBA 5 $370,000 Bsmt Use: PMT- $3,122 INT- 6.00% PMTS- 180 Bsmt Fin/ %: SF 0% GBA BALLOON DATE- 11/17/2025 First Floor Use: 3offices /barber shop First Floor SF/ %: 4,000 SF 100% GBA Cash Equivalent Price: 4.45% $390,000 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF/ %: SF 0% GBA LESS: Personal Property: $ Tot Off Area: 2,910 SF 73% GBA PLUS: Special Assessments: Ind:N $0 Primary Heating/ Pct: Forced Air 100% Cash Equivalent of Real Estate: $390,000 Secondary Heating/ Pct: Air Conditioning Pct: 100% Sale Analysis: Sale Price Per Sq. Ft. TFA: $97.50 Sale Price Per Sq. Ft. GBA: $97.50 Sprinklers/ Elevators: 0 Garage/ Ramp Spaces: Sale Price Per Sq. Ft. NRA: Surface Parking Space: 24 Sale Price Per Sq. Ft. Land Area: $30.98 Parking Surface Type: Asphalt Sale Price Per Room: $97,500 Multiple Tenancy: Y Income Data: Bldg Ht/ Avg Clear Ht: 15.0 FT FT # Stories: 1.0 PRIVATE DATA Avg. Finished Ceiling Ht: FT Total Land Area/ Topography: 12,590 SF Rent Schedule: Useable Land Area: SF PRIVATE DATA Zoning/ Land Def Cd: C1 F Trackage/ Utilities: N Land Blg Ratio/ Excess Land: 3.15 to one N Environmental Concern Ind: Other Amenities: Summary Comments: For sale by owner with a sign on the front of the bldg. stating office for lease or sale. On market for apprx. 9 months. Original asking price was $450K. Bldg. was divided up into four office spaces with a central hallway down the center of the bldg. like a mall with a common seperate men and women's bathroom at the rear of the bldg.. The buyer plans on converting the entire bldg. into a daycare center. The bldg. had been a daycare center apprx. 14 years ago before being converted into a multi- tenant office bldg.. The bldg. is in overall avg. condition. The roof was replaced 12 yrs. ago. PUBLIC * * * * * ** *ACE * * * * * ** *PUBLIC Pin 000 R f �v MARKET INCOME WORKSHEET 2011 Pay 2012 PID 02- 118 -21-42 -0032 PROJECT NAME KASHIA ADULT DAYCARE ADDRESS 5650 Lilac Dr. NOT ACTUALS ZONING C1 MARKET DERIVED OWNER Tony Yang 1 Story PROPERTY TYPE - Daycare NET LEASES 1 Story YEAR BUILT 1965 INCOME ANALYSIS GROSS BUILDING AREA 3,894 DAYCARE INCOME $48,675 TOTAL gba 3,894 MISC. INCOME $0 OFFICE AREA 358 PGI $48,675 LESS: VACANCY $974 Daycare Rental Rate $12.50 Note: no vacancy allowance to misc. income. EGI (before concessions) $47,702 Miscellaneous income $0.00 LESS: RENT CONCESSIONS $0 VACANCY ALLOWANCE 2.00% SQUARE FEET VACANT 78 SQUARE FEET OCC. 3,816 EGI $47,702 % OF EGI RENT CONCESSIONS 0.00% LESS: EXPENSES $292 0.61% FREE RENT 0.00% LEASING $501 1.05% TURNOVER RATE 10.00% TENANT IMPROVEMENTS $501 1.05% TENANTS REMAINING 90.00% RESERVES $9,540 20.00% AV. LEASING PERIOD 20 MANAGEMENT $2,385 5.00% TOTAL EXPENSES - $13,219 27.71% EXPENSES /SQ.FT. $3.75 NOI $34,482 MANAGEMENT 5.00% TENANT IMP. COST - NEW $15.00 CAPITALIZED VALUE $428,000 RENEWAL $10.00 EXPENDABLE VAL. OF TI 25.00% PER SQ.FT. GBA $109.91 PER SQ.FT. NRA $109.91 RES. FOR REPLACEMENT 20.00% EXPENSE RATIO - 27.71% LEASE COMMISSIONS -NEW $3.75 SQ FT LAND AREA - 500 RENEWAL $2.50 SQ FT Eff Tax Rate 3.0800% (AVG) 2010 EMV $ 568,100 145.89 CAP RATE 8.00% PERCENTAGE CHANGE - - 24.66% TAX RATE 0.06% land value $ 255,000 510.00 OVERALL RATE 8.06% building value $ 173,000 44.43 LAND TO BUILDING RATIC 0.13 : 1 G:ISPREDSHTIAssessor12011 CIA1 [DayCare.x1sx]Market Approach ' • 4 ,,. R : e ";e° E �� ,,,, ... , �..r. s - ip,., z ., n i°"'' � � r� r '? �:FE k William Stoner 5001 Drew Ave N., Brooklyn Center PI D # 10- 118 -21 -13 -0003 Review owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Owner may provide additional documentation regarding the market value or classification. • 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. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: • Make no change and sustain the 2011 estimated market value or classification. • Reduce the 2011 estimated market value. • Increase the 2011 estimated market value. If the owner(s) 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. C :�) 5 - 333 CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2011 Assessment APPLICATION FOR APPEAL February 21, 2011 through March 18, 2011 Y_ ou must retum this application by March 18. 2011. to be placed on the Agenda for the Local -Board of Appeal and Equalization held April 4, 2011 at 7:00 P.M. N ame(s) (itJ c. ctt e.( (P5- 5'33 -336 o 04F o ft ^3 075" - R87v �tlt Daytime Contact Number: 7 6 Property Address . I D Re �v A v u. a )V-P - A . Ca<4&c.n.,, M Property identification Number / O - /l F 2. f 1 .3 O4 o 3 Assessor's 2011 Estimated Market Value "T 7, 0 0 O Is your property residential, commercial or multi-family? Co M If you are appealing a commercial, multi-family or residential rental property you must include Income and expense data for calendar year 2010 with your application. What is the reason you are appealing your 2011 assessment? c U a.L t r LS 4n i ss- , 4a-" VwoA J t o w - F.�� -�,- - �'� -�'` ham. o.�;�a�` V' a�--t � t�s �,,i c.�, '►.r 4 � �} � o r� 9 When did you purchase your home? Date of Purchase Purchase Price Did you purchase your property from a bank, as a foreclosure or short sale? Iy 4 Has your property physically changed since the purchase? (maintenance, upgrades, remodeling or structural damage) Please list a brief description below with an estimated cost. I Y - Have you had a recent appraisal for refinancing, a purchase agreement or a market analysis by a real estate agent completed within the st year? Yes or No If so, what was the determination of value? � D © 4 oS o What do you think the market value of your property should be? $0, '4 Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. T - d 668b -££S ( £9L ) ' 3W I `30SSU183W01S WdB T c z T T Oz 92 JRW Randi Erickson 763 -427 -1424 p.1 l� S RANDI ERICKSON, GRI, CRS REALTOR' Senior Co mmercial S ales Associate (612) 101-9800 CELL (612) 920 -4706 'FAX randlarealestatet"erts.com , BURNET ((iiiiffluddl 16-4400 Minneapolis Lakes Office ; 3033 Ficcelsior Blvd., # 100 Minneapolis, MN 55416.4678 www.cbbamet.com tb op"m W km r+aatt uc � , STONER &ASSOCI:ATES, INC. mpresen.ting manufacturers worldwide W. R. "Silly" Stoner (763) 533 -3360 fax: (763) 533 -4899 r ,.. E -mail. b0lyestoncrassociates.com t ` \ �3V�KSt (inei^a3SitttnlCS.Cllitl. :., .: 5001 Drew Avenue North • MinneaptA s, MN 55429 Randi Erickson 763- 427 -1424 p.2 7497341 7341 DECLARATION OF COVENANTS AND RESTRICTIONS This Declaration is made this 24 of r ., c , 2001, by Stoner and Associates, Inc., a Minnesota corporation (hereinafter the'Meclarant" }. I. RECITALS I.1. Declarant is the owner of real property in the City of Brooklyn Center, Hennepin County, Minnesota, legally described as the West 135 feet of the East 165 feet of the North 150 feet of the South 183 feet of the Northwest Quarter of the Southwest Quarter of the Northeast Quarter of Section 10, Township 118, Range 21, Hennepin County, Minnesota (hereinafter the "Subject Property"). I.2. Declarant, by its agent, has applied to the City of Brooklyn Center for site and building plan approval for construction of a 1829 square foot addition connecting two existing buildings resulting in a total building square footage of 4927 feet. I.3. The Declarant proposes to provide 14 parking spaces on the Subject Property. 14 parking spaces will comply with the requirements of Brooklyn Center City Code providing that 1977 square feet of the floor area of the building proposed is limited to office space (which, under current code, would require 10 parking spaces at 1 space per 200 square feet) and 2950 square fed of floor am is used for storage/studio space (which, under current code, would require 4 spaces at l space per 800 square feet ). 1.4. The City granted approval of Planning Commission application number 2000 -23 on January 8, 2001, conditioned on execution by Declarant of thew covenants and restrictions to assure continuing compliance with the parking requirements of the City of Brooklyn Center. I.5. The City has granted site and building plan approval for the development described above on the basis of the representations by Declarant about the use to be put of the Subject Property, and the square footage of space that will be put to various specified uses, and but for such representations and agreements, the site and building plan approvals would not have been granted. CLL- 199724v1 1 BR29t 21a Randi Erickson 763- 427 -1424 p.3 L6. To secure the benefits and advantages of such site and building plan approval, Declarant desires to subject the Subject Property to the terms hereof. NOW, T lR EFORE, the Declarant declares that the Subject Propetty is, and shall be, hold, transferred, sold, conveyed, and occupied subject to the covenants, conditions and restrictions hereinafter set forth. 1. At least 2950 square feet of the floor area of the building on the Subject Property will be used for stomge/studio spoke, display space and non -office accessory space; and no more than 1977 square feet of the floor space of the buildings on the Subject Property will be used for office space. No other uses may be made of the buildings on the Subject Property without first securing the approval by the Brooklyn Center City Council of an amendment to this Declaration of Covenants and Restrictions. 2. The obligations and restrictions of this Declaration run with the land of the Subject Property and shall be enforceable against Declarant, its successors and assigns, by the City acting through its City Council. This Declaration may be amended from time to time by a written amendment executed by the City. IN WITNESS WHEREOF, the undersigned as the duly authorized agent, officer or mpresentative of Declarrant has hereunto set his hand and seal as of the day and year first above written. I STONER AND ASSOCIATES, INC. IBM Its i I CLL-19V74v[ 88291 2S4 I Randi Erickson 763 -427-1424 p.4 STATE OF NENNESOTA ) )SS. COUNTY OF MNNEPIN ) The foregoin instrument was acknowledged before me this day 2001 by i7h'Q rrt / _ - PX V of Stoner and Associates, Inc., a of k 2unw—d er the laws of Minnesota, on behalf of the ca n ti� . R . &1+05 RkCB� S. CRASS Notary Public MOTARY PJWJC-MW !t �A06 E� of M Ctt,a99724y) 3 BR291 -214 F Randi Erickson 763- 427 - 1424 p.5 APPROVED BY THE CITY OF BROOKLYN CENTER a B • . Its M By is City Mang STATE Of MINNESOTA ) ) SS COUNTY OF HENNEPnV ) The foregoing instrument was acknowledged before me this a ay of d � 2001 by Myrna Kragness and Micbael McCauley, the Mayor and Manager, respectively, of the City of Brooklyn Center, a public body corporate and politic under the laws of Minnesota, on behalf of the City: �gIVW11NVYI111A1Y11Y� PATRICIA A. PAGE Notary Public woRar wec�c•r�rasc�r� wja ". Xx s OMI -234 co Q 7497341 + r i' OFftCE CF G6UKTY RECORDER ?� � r S kE #H£P1H Ct111YTY, N1KNE50iA „� CERI EEq tliXO AN�J OR s RECDRit €d dN s `L co 2001 JUN 29 PM 2: 38 c'.—.-l-':. �'i1.:cT •Cti.�S:l +�� to. R[i DEPUt C Q N U L C N capY MLS Market Data Submitted for Mr. Stoner Address city Sale Price Yr Bit 6111 Excelsior Boulevard St. Louis Park $575,000 1912 10550 Bren Road E Minnetonka $414,000 1980 12740 Aberdeen Street NE Blaine $155,000 1987 2401 W 66th Street Richfield $407,500 1965 1575 1st Avenue E Cambridge $280,500 1979 101 Bridgepoint Way #110 South St. Paul $200,000 2004 3140Viking Boulevard NE East Bethel $505;000 2004 100 1st Street W Waconia $400,000 1917 8608 Xylon Avenue N Brooklyn Park $350,000 1984 877 Jefferson Avenue St. Paul $250,000 1963 826 4th Street S Stillwater $313,700 1920 304 12th Avenue S Buffalo $300,000 2001 _ r - ASSESSOR'S REPORT City of Brooklyn Center A Millennium Community TO: 2011 Brooklyn Center Local Board of Appeal and Equalization RE: Bill Stoner Stoner& Associates, Inc. 5001 Drew Ave N. Brooklyn Center, MN 55429 Mr. Stoner contacted the Assessor's office on February 25, 2011 regarding the 2011 estimated market value of $447,000 for taxes payable in 2012. The assessor completed a review of the property on March 4, 2011, and found no changes to the physical characteristics, or condition of the property. Following the Local Board of Appeal and Equalization, a further review of the subject property's covenant and restrictions was completed. Tim Benetti, Planning and Zoning Specialist, was consulted to verify the current restrictions on the property and the potential uses that would qualify under the zoning and restricted use requirements. Mr. Benetti verified that the subject property was located in a C -1 zone, which is a commercial service office district. The Assessor's office used comparable sales of similar size and commercial use. All four sales have similar parking availability as the subject property. With the lack of smaller commercial sale availability two properties have a second floor area, and one includes basement crawl space. These three comparables are only allowed to use the second floor and basement area as storage, which gives them a functional restriction similar to the subject property covenant restriction. All comparables are located outside of Brooklyn Center. There were no small commercial sales available within Brooklyn Center. Comparable two required the least amount of adjustments, while comparable one is the closest in proximity to the subject property. Comparable two and four have a similar sized designated office area. The indicated adjusted sale price range is $90 to $124 per square foot. The subject property currently has an estimated market value of $447,000 or $90.77 per sq. ft. The subject property falls at the lowest end of the adjusted sales price range. A market based income approach to valuation was included in this report using market rents for office and blended showroom /storage. There were no actual income and expense documents provided as the property is an owner occupied building. The market based income approach indicated a value of $451,400. Ms. Randi Erickson, a representative for Mr. Stoner, provided a link to an MLS site giving a listing of twelve comparable sales of office /warehouse properties. She indicated that the sales would be provided to the owner for review and selection. Due to a contractual agreement with MLS, the city is not allowed to display, or print any MLS documentation, unless it is posted on the MLS public website. 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430 -2199 (763) 569 -3400 City Hall & TDD Number (763) 569 -3300 FAX (763) 569 -3434 FAX (763) 569 -3494 www.cityofbrooklyncenter.org The information was reviewed by the Assessor's office for sale inclusion based on sale date, MN DOR determination of open market, property use and land to building ratio. Of the twelve sales provided to the Assessor's office, one sale meets comparable criteria. It is assumed that Mr. Stoner or a representative will be bringing final documentation regarding these sales. It is the recommendation of the Assessor's office to sustain the 2011 estimated market value of $447,000 for taxes payable in 2012 for the property at 5001 Drew Ave N., Brooklyn Center. Respectfully submitted, Nancy Wojci , SAMA City Assessor City of BROOKLYN CENTER 2011 Local Board of Appeal and Equalization Walk -In Appeal - William Stoner Stoner & Assoc. Inc. 5001 Drew Ave N 10-118-21-13-0003 J .N aC< 2011 Assessed Value: $447,000 Recommendation: Sustain Value of $447,000 This report is not an appraisal as defined in M.S. §82802 (subd.3) nor does it comply with the Uniform Standards of Professional Appraisal Practice. It is intended to be used as a reference only and any use other than its intended use is prohibited and unlawful The author does not represent this to be an appraisal and is not responsible for any inappropriate use. It is a report ofpublic records using a mass appraisal technique. City of Brooklyn Center Assessing Department 2011 Local Board of Appeal and Equalization Staff Report Walk -In Appeal - William Stoner Property Owner(s): Stoner & Assoc. Inc. Property Address: 5001 Drew Ave N PID #: 10- 118 -21 -13 -0003 Market Value Assessment Year 2011 $447,000 Assessment Year 2010 $460,000 Assessment Year 2009 $460,000 Sale: September 1, 1998 - 220,000 (11 - Other) Comments: Mr. Stoner contacted the Assessor's office on February 28, 2011 regarding an appeal on his 2011 estimated market value. The assessor completed a review of the property on March 4, 2011, and found no changes to the physical characteristics. Mr. Stoner was provided with some data regarding smaller industrial /warehouse type properties at the appointment. Mr. Stoner indicated he had questions regarding renting out office space within his building, and the required parking. Mr. Stoner was directed to call Gary Eitel, Business & Development Director, regarding parking requirements. Ms. Randi Erickson, a representative for Mr. Stoner, contacted the Assessor's office on March 25, 2011 regarding the valuation of Mr. Stoner's property. Ms. Erickson discussed information on the property and disclosed that there was a restrictive covenant on the property. The recorded covenant and restrictions delaration was written June 26, 2001 between the City of Brooklyn Center and Mr. Stoner. The covenant addresses the issue of providing 14 parking spaces to comply with requirements, providing that 10 stalls are provided to an office area that is limited to 1,977 sq. ft., and the remaining 2,950 sq. ft. of floor area is used for storage /studio space which only requires 4 additional parking spaces. The subject property is much smaller in size than a typical office /showroom, but appears to have ample parking in comparison to other smaller commercial properties. The current office area is 1,618 and does not exceed the covenant. The property is considered to be commercial office /showroom use. Per the zoning on the property and covenant agreement the property is zoned C -1, which is considered office /service business. The property was compared to four open market sales within the ratio studio period, due to the limited amount of small commercial, the comparables are located outside of the city limits as no Brooklyn Center small commercial properties have sold. Assessor Recommendation: Sustain Value of $447,000 Appraiser: Last Inspection Date: Nancy Wojcik March 4, 2011 2011 Board of Appeal and Equalization Walk -In Appeal - William Stoner Subject Data Summary PID #: 10- 118 -21 -13 -0003 Buildings on File: 1 Property Name: Stoner & Associates Property Address: 5001 Drew Ave N Brooklyn Center, TAN 55429 Multiple Address: No Lot/Block: 000 /000 Addition: Unplatted 10 118 21 Legal(120): W 135 FT OF E 165 FT OF N 150 FT OF S 18 3 FT OF NW 1/4 OF SW 1/4 OF NE 1/4 Owner(s): Stoner & Assoc. Inc. Property Classification: Commercial 2011 EMV: 447,000 2010 EMV: 460,000 2009 EMV: 460,000 EMV /GBA: 90.78 Lot Size: 20,239 Sq.Ft. /.46 Acres Zoning: C l Gross Office Area Percent: Building Use: 471 - Light Commercial Utility Bldg/100% # Stories: 1 Avg Story Height: 12 Avg Clear Height: 10 Actual Year Built: 1955 Effective Year Built: 1995 Renovated Year: 2001 First Floor Area: 4,924 Gross Building Area: 4,924 Basement: No Parking: Parking-Surface 2011 Board of Appeal and Equalization Walk -In Appeal - William Stoner { T ,t'j <1/ VIT or 4 V ' I 1 es M i f. -. f SI Ty �i r - pi ll I I IMP I MrroF-r s Additional Subject Photos r F 1 - -1 Reception Area 3 -4 -2011 I. �II Y.. x '41__: ME M 146P � , i Showroom 3 -4 -2011 2011 Board of Appeal and Equalization Walk -In Appeal - William Stoner M__ Additional Subject Photos TIM 1 1 i i Conference Room 3 -4 -2011 c INS i Delivery /Warehouse 3 -4 -2011 2011 Board of Appeal and Equalization Walk -In Appeal - William Stoner Additional Subject Photos I�. I r 4 �h } i WH Sery & Gar Entr. 3 -4 -2011 2011 Board of Appeal and Equalization Walk -In Appeal - William Stoner Subject Sketch 27' 64' 4' 54 First Floor 4924 sf 1' 7' 62 10' 10' Sketch by {'9ez Medin — Conversion 2011 Board of Appeal and Equalization Walk -In Appeal - William Stoner 5001 Drew Ave N., Brooklyn Center ;T InI fr7Ya r: I Legend Municipal Boundary `r El Lakes d Streams Parks f, ` t �' ^qC•+:',, _ - _r 2007 Aerial Photo i { IF IMP l yy ; T • P T �r Y; r f' � .; ytt l✓Rn� �'.' � a �h 1 f •il+ k J _ 1. :xi1 coo, -Vicl LOCs rw ans 2009 Aerial photograph PID: 1011821130003 5001 Drew Ave N BRf)f1KLY Y Brooklyn Center, MN 55429 C.`EATER Report Name: Permit List City of Brooklyn Center Printed: 4/15/2011 Permit List Page: 1 Permit List for: 5001 DREW AVE N Permit # Unit Value Permit Type Sub Type Work Type Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BCO28017 $1,500 Electrical Commercial Replace INSTALL LOT LIGHT 09/01/2005 09/23/2005 & SIGN LIGHT BC018933 $500 Building Commercial Addition INSTALL FIRE 11/08/2001 12/12/2001 ALARM COMMUNICATOR BC018835 $14,690 Fire Sprinkler System (Wet) Addition FIRE PROTECTION 10/24/2001 12/12/2001 SPRINKLERS IN ADDIT BC018500 $2,500 Sewer & Water Fire Line Addition FIRE LINE FOR 09/11/2001 12/12/2001 ADDITION TO BLDG BC018407 $190,000 Building Commercial Addition CONNECT 2 BLDGS- 08/29/2001 11/09/2001 Addition BC018400 $11,050 Mechanical Roof Top Units Addition ADD RTU TO NEW 08/27/2001 12/12/2001 BLDG BC018124 $10,000 Building Commercial Grading & Foundation FOOTING AND 07/12/2001 12/12/2001 Only FOUNDATION BC005636 $3,850 Building Residential Single Famil Repair LAYOVER RUBBER 10/13/1995 02/22/1996 ROOF BC002969 $6,500 Mechanical Furnace Replace HEAT, A/C, VENTIL 01/14/1994 04/04/1994 BC002919 $3,000 Plumbing Commercial New 2- 1 /2BATHS &ELEC 12/15/1993 04/04/1994 H2O BC002907 $15,000 Building Commercial Tenant Finish MAHONEY 12/10/1993 10/04/1994 ENTERPRISES BC001950 $0 User Defined User Defined Administrative Land 1ST ATLANTIS 05/21/1993 Use POOLS BC001688 $0 Plumbing Residential Replace REPAIR BURST PIPE 04/01/1993 03/28/1994 BC001659 $1,000 Building Residential Single Famil Tenant Finish AQUATIC POOL & 12/09/1993 03/15/1993 12/09/1993 SPA BC001325 $0 Sewer & Water Water Repair WATER REPAIR 11/10/1992 11/18/1992 BC000198 $0 User Defined User Defined Administrative Land FIRST TEN DAY 03/12/1992 Use PERMIT Permit Count: 16 r i � v of Business and Development .T-B rooMyn Centet www.cityofbrooklyrrcenter.org 6301 Shingle Creek Parkway, Brooklyn Center, Minnesota 55430 -2199 Phone 763.569.3300 TTY /Voice 711 Fax 763.569.3494 TO: Nancy Wojcik, City Assessor FROM: Tim Benetti, Planning and Zoning Specialis DATE: April 14, 2011 RE: 5001 Drew Avenue, Brooklyn Center, Minnesota You have requested general information regarding zoning and land use availability on the above - referenced property. Please consider the following information: • The subject property is located in the C -1 (Service /Office) District. As the title implies, this district provides for a variety of typical office uses, such as financial, insurance, legal, governmental, contractor and medical offices, with limited service uses such as nursing homes, churches, barbers /salons, and similar. The City has allowed for limited showroom/warehouse facilities as part of a permitted use. These uses are noted on the attached Exhibit 1. • Pursuant to the recently adopted 2030 Comprehensive Plan for the City of Brooklyn Center, the subject property is identified as "OS" — Office /Service Business under the land use section and in Land Use Plan Map — Fig. 2 -2. The Plan states that "OS" planned areas are designed to accommodate "Predominantly administrative, professional, or clerical services, including medical clinics." This land use map is noted on the attached Exhibit 2. • Any change of zoning to this site, say to some form of industrial category or zoning, would necessitate a land use amendment request along with said rezoning application. Both changes would require a thorough analysis by city staff and strong justification [by property owners] for changing said area. I have also reviewed the handout you prepared as part of your review of this property. Contained within this handout is a recorded declaration of covenants and restrictions, dated June 26, 2001, which was entered into by Stoner and Associates, Inc and approved by the City of Brooklyn Center. This DCR recognizes and acknowledges that this building site was approved with only 14 parking spaces and conditioned the interior would be used for office space (1,977 sq. ft.) and storage /studio space (2,950 sq. ft.), respectively. This DCR runs with the land and further specifies any modifications would require City approval and /or amendment. To that degree, with the current zoning and land use in place, the subject property can only be used or continue to be used as the office /showroom facility that exists or is present today. If you need further information or clarification, please feel free to contact me. ME EXHIBIT -1 Section 35 -320. C1 SERVICE /OFFICE DISTRICT. 1. Permitted Uses The following service /office uses are permitted in the C1 district, provided that the height of each establishment or building shall not exceed three stories, or in the event that a basement is proposed, three stories plus basement: a. Nursing care homes, (at not more than 50 beds per acre), provided, however, that such institutions shall, where required by state law, or regulations of the licensing authority, be licensed by the appropriate state or municipal authority. b. Finance, insurance, real estate and investment office. C. Medical, dental, osteopathic, chiropractic and optometric offices. d. Legal office, engineering and architectural offices, educational and scientific research offices (excluding laboratory facilities), accounting, auditing and bookkeeping offices, urban planning agency offices. e. Places for religious assemblies such as chapels, churches, temples, mosques, and synagogues. f. Beauty and barber services. g. Funeral and crematory services. h. Photographic services. i. Apparel repair, alteration and cleaning pickup stations, shoe repair. j. Advertising offices, provided that the fabrication of signs shall not be a permitted use. k. Consumer and mercantile credit reporting services office, adjustment and collection service offices. 1. Duplicating, mailing and stenographic service offices. m. Employment agency offices. n. Business and management consultant offices. City of Brooklyn Center 35 -32 City Ordinance o. Detective and protective agency offices. P. Contractor's offices. q. Governmental offices. r. Business association, professional membership organizations, labor unions, civic, social and fraternal association offices. S. Accessory uses incidental to the foregoing principal uses when located on the same property with the use to which it is accessory. Such accessory uses to include but not be restricted to the following: 1) Offstreet parking and offstreet loading. 2) Signs as permitted in the Brooklyn Center Sign Ordinance. 3) The compounding, dispensing or sale (at retail) of drugs, prescription items, patent or proprietary medicines, sick room supplies, prosthetic devices or items relating to any of the foregoing when conducted in the building occupied primarily by medical, dental, osteopathic, chiropractic or optometric offices. 4) Retail food shops, gift shops, book and stationery shops, tobacco shops, accessory eating establishments, sale and service of office supply equipment, newsstands and similar accessory retail shops within multistory office buildings over 40,000 sq. ft. in gross floor area, provided: that there is no associated signery visible from the exterior of the building; there is no carry -out or delivery of food from the lot; and the total floor area of all such shops within a building shall not exceed 10% of the total gross floor area of the building. t. Other uses similar in nature to the aforementioned uses as determined by the City Council. U. Financial institutions including, but not limited to, full- service banks and savings and loan associations. V. Drop -in child care centers licensed by the Minnesota Department of Public Welfare pursuant to a valid license application, provided that a copy of said license and application shall be submitted annually to the City. W. Leasing offices, provided there is no storage or display of products on the use site. City of Brooklyn Center 35 -33 City Ordinance X. Libraries and art galleries. 2. Special Requirements a. See Section 35 -411 of these ordinances. 3. Special Uses a. Accessory off -site parking not located on the same property with the principal use, subject to the provisions of Section 35 -701. b. Group day care facilities provided that such developments, in each specific case, are demonstrated to be: 1) Compatible with existing adjacent land uses as well as with those uses permitted in the C 1 district generally. 2) Complementary to existing adjacent land uses as well as to those uses permitted in the Cl district generally. 3) Of comparable intensity to permitted Cl district land uses with respect to activity levels. 4) Planned and designed to assure that generated traffic will be within the capacity of available public facilities and will not have an adverse impact upon those facilities, the immediate neighborhood, or the community. 5) Traffic generated by other uses on the site will not pose a danger to children served by the day care use. and further provided that the special requirements set forth in Section 35 -411 are adhered to. C. Instructional uses for art, music, photography, decorating, dancing and the like and studios for like activity. d. Nonresidential educational uses including Area Learning Centers (ALC), post secondary schools, business schools, trade schools and the like, but excluding public and private elementary and secondary schools (K -12). City of Brooklyn Center 35 -34 City Ordinance i Cit of �, — PRO, Broo y 11 Cente Rd SF os � 1 m Figure 2 -`� SF _ N Lai Use Plan MF Lc6end RB RS a „ sr (I T.. n m. Fmulp1 r OS1R6 TH r` I y R9 _ I '. �� S @4K:�TIa �HrOh CecirrJ R1F I OSIRS THfMF10SJRBJPS 1 OS l OSJRB ;. /�' •� `� R+dtrcad a unit, au m-` OSJR� Ave— -- gF a SFIrFrMflAF s n�wa RB o SF P..” R,,,:r.,.hr,r,, w 0 eRa .. _.. LLU avid F.w.. i F THJMFIOSIRB/PS ar,tr, UPRO f Note: T,F,pO HQD J� `- v "OC F'OOt .. /' \�G Planned land use for 2030 is the same as existing - 7 1 1 , Aftltlk i'ari %:3 �, land use except where parcels are outlined and IMF" labeled with Planned Designations. �'$F - : /A�fiuryr,�h�v,nr!'tru SSUCIATL5. X Z 0�j t N DESCRIPTIONS FOR LAND USE CATEGORIES Residential Land Use Single - Family Residential (SF) — Residential purposes, including mostly one - family homes and manufactured homes. May include some two - family homes, and open space within, adjacent or related to residential development. Two or Three Family Residential (TF) — Residential purposes including two - family and three - family homes. May include open space within, adjacent or related to residential development. Townhouse Residential (TH) – Residential purposes including townhouses attached to one another and detached on a common lot. May include open space within, adjacent or related to residential development. Multi - Family Residential (MF) — Residential purposes apartment buildings and condominiums. May include open space within, adjacent, or related to residential development. Commercial /Industrial Land Use Office /Service Business (OS) — Predominantly administrative, professional, or clerical services, including medical clinics. Retail Business (RB) — Provision of goods or services. Industrial (1) — Primarily manufacturing and /or processing of products; could include light or heavy industrial land use, or large warehouse facilities. Public Land Uses Public /Semi Public (PS) — Primarily religious, governmental, social or healthcare facilities (excluding clinics). Schools (S) — Educational facilities. Park, Recreation and Open Space (PRO) — Primarily for public active recreation activities improved with playfields /grounds or exercise equipment, golf courses, zoos or other similar areas; resource protection or buffer, support unorganized public recreational activities, may contain trails, picnic areas, public fishing; etc or preservation of unaltered land in its natural state for environmental or aesthetic purposes. Railway or Utility (RU) — Public or private freight or passenger rail activities; public or private land occupied by a power plant or substation, electric transmission line, oil or gas pipeline, water tower, municipal well, reservoir, pumping station, water treatment facility, communications tower, or similar use. Roadway Rights -of -Way (ROW) — Public or private vehicular, transit and/or pedestrian rights -of -way. Airport (AP) — public or private property for airport facilities, runways and other airport uses. 2 -17 HAPPY H PARK UD /R1 pUD /R1 ::':'.'::::: R4� R4 R4 C1 Z . _ .... 50TH AVE N ..... � - 50TH AVE N 12 12 12 : " �12 .:. 49 HAVE N Sales Analysis k Subiect Comparble 1 Comparable 2 Comparable 3 Comparable 4 PID # 10- 118 -21 -13 -0003 21. 117 -21 -23 -0128 24- 29 -23 -11 -0029 24- 116 -22.44 -0094 30- 0503061 Address 5001 Drew Ave N 6006 Excelsior Blvd 236 W Larpenteur Ave 9340 Hennepin Town Rd 216 Pine St. N. City Brooklyn Center St Louis Park St. Paul Eden Prairie Chaska Sale Price $300,000 $225,000 $632,500 $250,000 Sale Dale 9/1/2010 3/29/2010 10/912009 3/5/2010 Cash Equivalent Price $300,000 $225,000 $632,500 $250,000 Price [f] GBA $91 $117 $107 $205 $155 Property Use Office I Showroom I Storage Retail / Storage Insurance Agency Vacant Office Art Studio / Gallery / Storage Location Average Superior Superior Superior Inferior Total Land Area 20,239 4,013 12,460 18,700 1,742 LJB Ratio 4.11 0.88 5.93 5.02 0.60 Year Built 1955 1926 1975 2004 1900 Effective Year 1995 1980 1987 2004 1986 Quality / Condition Good Inferior Inferior Superior Inferior # Stories 1 1.0 1 2 2 First Floor Area 4,924 2,560 2,100 3,084 1,612 Total Floor Area 4,924 4,560 2,100 3,084 2,912 Mezzanine None None None None None Basement None 2000 None None None GBA 4,924 4,560 2,100 3,724 2,912 Office Area 1,618 2,560 1,680 3,084 1612 Office Percentage 33% 56% 80% 83% 100% Wall Ht /Clear Ht 10/9814/13 14/11 12/9 12/10 N/A Surface parking spaces: 14 4 15 15 0 Multiple Tenancy? None None None None None Comments: Property completely 43% of GBA is basement Single tenant building. 2nd floor stairway is small and Minimal Land Area. Parking remodeled in 2001 and area with 6'11 ceiling height, steep so 2nd floor is only is available only on the owner signed a restrictive by code can only be used for practical as storage. Single street. No designated office use agreement limiting the storage. Single tenant tenant building. area, incorporated within the office area to 1,977 sq. ft. building. Building had been gallery/showroom area, 2nd and remaining 2,950 sq. ft. adapted to support a heavy floor area storage only. must remain whirlpool for rehab. But Single tenant building. No office /showroom. Property supports remain in lower parking on site, only public is zoned commercial. storage area. Building street parking available. Property includes one currently vacant. Lower garage /storage finished grade interior finish. Property area. Assumed to remain has very limited parking at 4 single tenant building due stalls. to restrictions. ADJUSTMENTS: Ti me 0% -3% 4% -3% Location -10% -10% -10% 10% Land/Building Ratio 2% -2% -1% 2% Age - -- 6% 0% -2% 15% Quality / Condition 15% 0% -10% 6% Size - -- 5% 20% -2% 10% Office Area 3% 0% -3% 0% Functional 15% -8% -5% 5% Net Adjustment 36% -3% -37% 45% Adjusted Sale Price $408,509 $218,922 $396,776 $362,384 Adjusted Price GBA $90 $104 $107 $124 Indicated Value Indicated Sales Price Range $90 to $124 per Sq. Ft. PROPERTY USE: Retail Store MUNICIPALITY: ST. LOUIS PARK Code: 353 RC: 00 COMPLEX NAME: COUNTY: HENNEPIN GBA 4560 WD ADDRESS: 6006 Excelsior Boulevard PIN #: 21- 117 -21 -23 -0128 Seq #: 2 Ratio Y Comp: Y AUDITOR ID: 23108 MULTI PID: N COMMUNITY: NBRHOOD: PROPERTY DESCRIPTION MARKET DATA Year Built /Effective Year Built: 1926 1980 Buyer: RRK LLC Const Quality/ Condition: AVERAGE AVERAGE Seller: Lambert Canine, LLC Const Class/ No. of Bldgs: Masonry Bearing wall 1 Sale Data: Date of Sale: 9/1/10 Exterior Type/ Roof Type: Concrete Block Flat Total Purchase Price: $300,000 2nd Exterior Type/ Roof Cvr: Stone Tar and Gravel Down Payment Amount: $300,000 SIZE & USES First Floor Area/ GBA: 2,560 SF 4,560 SF Other Terms: Total Floor Area/ NRA: SF TERMS Bldg Perim./ Shape/ Units: FT Rectangle No Data Available Mezzanine Area/ Use: SF Cash Equivalent Price: 4.45% $300,000 Bsmt Area/ %Fin/ %: 2,000 SF 44% GBA Cash Equivalent Adj: Bsmt Use: Storage LESS: Personal Property: $0 Bsmt Fin/ W 0 SF 0% GBA PLUS: Special Assessments: Ind:Y $0 First Floor Use: Retail Cash Equivalent of Real Estate: $300,000 First Floor SF/ %: 2,560 SF 56% GBA — - 2nd+ Floor Use: Sale Analysis: Sale Price Per Sq. Ft. TFA: 2nd+ Floor SF/ %: SF 0% GBA Sale Price Per Sq. Ft. GBA: $65.79 Tot O Ar SF 0% GBA Sale Price Per Sq. Ft. NRA: Primary Heating/ Pct: Package Unit 100% Sale Price Per Sq. Ft. Land Area: $74.76 Secondary Heating/ Pct: Sale Price Per Room: Air Conditioning Pct: 100% -- Income Data: Sprinklers/ Elevators: Garage/ Ramp Spaces: PRIVATE DATA Surface Parking Space: 4 Parking Surface Type: Asphalt Rent Schedule: Multiple Tenancy: N PRIVATE DATA Bldg Ht/ Avg Clear Ht: 14.0 FT FT # Stories: 1.0 Avg. Finished Ceiling Ht: 11.0 FT Total Land Area/ Topography: 4,013 SF Level Useable Land Area: 4,013 SF Zoning/ Land Def Cd: C2- Commercial F Trackage/ Utilities: N Available Land Big Ratio/ Excess Land: 0.88 to one N Environmental Concern Ind: Other Amenities: Summary Comments: Sale confirmed with both buyer and seller. Physical real estate is a 1 story building with partial basement. Building had been retrofitted by the seller with a pool on the first floor for canine rehab. The pool was removed by the seller prior to sale although the pilings and support beams which were needed for the pool remain in the below grade area (see pictures). Clearance height below grade is 6'11" and finishing is minimal. See additional comments for sale confirmation information. ** PUBLIC * * * * * ** *ACE * * * * * * * *PUBLI ,r Pin #:2111721230123 c. I E_ 0 --- PROPERTY USE: Office Building MUNICIPALITY: ST. PAUL Code: 344 RC: 00 COMPLEX NAME: COUNTY: RAMSEY GBA 2100 WD ADDRESS: 236 W Larpenteur Ave. PIN #: 24- 29 -23 -11 -0029 Seq #: 1 Ratio Y Comp: Y AUDITOR ID: 382932 MULTI PID: N COMMUNITY: 06 NBRHOOD: 680 PROPERTY DESCRIPTION MARKET DATA Year Built /Effective Year Built: 1975 1987 Buyer: Carol & Norman Linnell Const Quality/ Condition: AVERAGE AVERAGE Seller: Equity Adjustments Building, LLC Const Class/ No. of Bldgs: Masonry Bearing wall 1 Sale Data: Date of Sale: 3/29/10 Exterior Type/ Roof Type: Concrete Block Flat Total Purchase Price: $225,000 2nd Exterior Type/ Roof Cvr: Tar and Gravel - -- -- Down Payment Amount: $225,000 SIZE & USES Other Terms: 0 First Floor Area/ GBA: 2,100 SF 2,100 SF Total Floor Area/ NRA: 2,100 SF TERMS Bldg Perim./ Shape/ Units: 200 FT Rectangle 1 Set 1 Mezzanine Area/ Use: SF Assume Ind: Bsmt Area/ %Fin/ %: SF 0% 0% GBA 2 Bsmt Use: PMT- INT- PMTS_ Bsmt Fin/ %: SF 0% GBA BALLOON DATE - First Floor Use: Insurance Agency First Floor SF/ %: 2,100 SF 100% GBA Cash Equivalent Price: 5.00% $225,000 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF/ %: SF 0% GBA LESS: Personal Property: $0 Tot Off Area: 2,100 SF 100% GBA PLUS: Special Assessments: Ind:N $0 Primary Heating/ Pct: Forced Air 100% Cash Equivalent of Real Estate: $225,000 Secondary Heating/ Pct: Air Conditioning Pct: 100% Sale Analysis: Sale Price Per Sq. Ft. TFA: $107.14 Sale Price Per Sq. Ft. GBA: $107.14 Sprinklers/ Elevators: 100% 0 Garage/ Ramp Spaces: Sale Price Per Sq. Ft. NRA: Surface Parking Space: 15 Sale Price Per Sq. Ft. Land Area: $18.06 Parking Surface Type: Asphalt Sale Price Per Room: $225,000 Multiple Tenancy: -- Income Data: Bldg Ht/ Avg Clear Ht: 12.0 FT 9.0 FT # Stories: 1.0 PRIVATE DATA Avg. Finished Ceiling Ht: 9.0 FT Total Land Area/ Topography: 12,460 SF Basically Level Rent Schedule: Useable Land Area: 12,460 SF PRIVATE DATA Zoning/ Land Def Cd: B1 F Trackage/ Utilities: N Public Land Blg Ratio/ Excess Land: 5.93 to one N Environmental Concern Ind: Other Amenities: Summary Comments: The subject had been listed on the open market for over 1 year. Buyer approached seller after listing expired. Buyer owns another building close in proximity to the subject. Current use is as an insurance agency. Tenant is the buyers son. The purchase price was negotiated. Buyer feels he paid a fair price and purchase price is reflective of the current market within the neighborhood. The sale is good for ratio and comparable purposes. PUBLIC * * * * * ** *ACE * * * * * * * *PUBLI Pin ,0 f PROPERTY USE: Office Building MUNICIPALITY: EDEN PRAIRIE Code: 344 C RC: 00 COMPLEX NAME: COUNTY: HENNEPIN GBA 3724 WD ADDRESS: 9340 Hennepin Town Road PIN #: 24- 116 -22 -44 -0094 Seq #: 2 Ratio Y Comp: Y AUDITOR ID: 5217 MULTI PID: N COMMUNITY: NBRHOOD: 4 !EJEJEJEJEJEJEJEJ -111 --10 to PROPERTY DESCRIPTION �� MARKET DATA Year Built /Effective Year Built: 2004 2004 Buyer. TFC Real Estate, LLC Const Quality/ Condition: AVERAGE GOOD Seller: James A. Strauss, Jr., etal Const Class/ No. of Bldgs: wo or steel stud Frm 1 Sale Data: Date of Sale: 10/9/09 Exterior Type/ Roof Type: Brick Hip 2nd Exterior Type/ Roof Cvr: Stucco Shingles /Composition I Total Purchase Price: $632,500 SIZE & USES Down Payment Amount: $0 First Floor Area/ GBA: 3,084 SF 3,724 SF Other Terms: Total Floor Area/ NRA: 3,084 SF TERMS Bldg Perim./ Shape/ Units: 228 FT Rectangle No Data Available Mezzanine Area/ Use: SF Cash Equivalent Price: 5.07% $632,500 Bsmt Area/ %Fin/ %: 0 SF 0% 0% GBA Cash Equivalent Adj: Bsmt Use: LESS: Personal Property: $0 Bsmt Fin/ %: SF 0% GBA PLUS: Special Assessments: Ind:Y $0 First Floor Use: office Cash Equivalent of Real Estate: $632,500 First Floor SF/ %: 3,084 SF 83% GBA 2nd+ Floor Use: Storage Sale Analysis: Sale Price Per Sq. Ft. TFA: $205.09 2nd+ Floor SF/ %: 640 SF 17% GBA Sale Price Per Sq. Ft. GBA: $169.84 Tot Off Area: 3,084 SF 83% GBA Sale Price Per Sq. Ft. NRA: Primary Heating/ Pct: Complete HVAC 100°/% Sale Price Per Sq. Ft. Land Area: $33.82 Secondary Heating/ Pct: Sale Price Per Room: Air Conditioning Pct: 100% — -- Sprinklers/ Elevators: 100 0 Income Data: Garage/ Ramp Spaces: PRIVATE DATA Surface Parking Space: 15 Parking Surface Type: Asphalt Rent Schedule: Multiple Tenancy: N PRIVATE DATA Bldg Ht/ Avg Clear Ht: 10.0 FT 10.0 FT # Stories: 2.0 Avg. Finished Ceiling Ht: 10.0 FT Total Land Area/ Topography: 18,700 SF Level Useable Land Area: 18,700 SF Zoning/ Land Def Cd: OFC F Trackage/ Utilities: N All Public Land Big Ratio/ Excess Land: 5.02 to one N Environmental Concern Ind: Other Amenities: Summary Comments: This was a good open market sale. Property last sold in 07/2005 for $675,000 (181.26/sf of GBA). Stairway to second floor is small and steep so only practical use for space is storage of office supplies. Property was vacant and ready for occupancy at time of sale. Pin #:2411622440094 Seq #:2 7- e cr o 3 t !a. PROPERTY USE: Wrhse Showrm Store MUNICIPALITY: CHASKA Code: 534 C RC: 00 COMPLEX NAME: COUNTY: CARVER GBA 2912 WD ADDRESS: 218 Pine Street N, Chaska MN PIN #: 30- 0503061 Seq #: 1 Ratio Y Comp: Y AUDITOR ID: 77250 MULTI PID: N COMMUNITY: NBRHOOD: PROPERTY DESCRIPTION MARKET DATA Year Built /Effective Year Built: 1900 1986 Buyer: On Occasion, LLC /Amundsen Neil T & Sarah Const Quality/ Condition: Low AVERAGE Seller: Platto, Nancy C Const Class/ No. of Bldgs: Masonry Bearing wail 1 Sale Data: Date of Sale: 3/5/10 Exterior Type/ Roof Type: Brick Gable Total Purchase Price: $250,000 2nd Exterior Type/ Roof C SIZE & USES Down Payment Amount: $0 First Floor Area/ GBA: 1,612 SF 2,912 SF Other Terms: Total Floor Area/ NRA: 2,912 SF TERMS Bldg Perim./ Shape/ Units: 202 FT Rectangle No Data Available Mezzanine Area/ Use: SF Cash Equivalent Price: 5.00% $250,000 Bsmt Area/ %Fin/ %: SF 0% 0% GBA Cash Equivalent Adj: Bsmt Use: LESS: Personal Property: $0 Bsmt Fin/ %: SF 0% GBA PLUS: Special Assessments: Ind:N $0 First Floor Use: Art Studio /Gallery Cash Equivalent of Real Estate: $250,000 First Floor SF/ %: 1,612 SF 55% GBA 2nd+ Floor Use: Storage Sale Analysis: Sale Price Per Sq. Ft. TFA: $85.85 2nd+ Floor SF/ %: 1,300 SF 45% GBA Sale Price Per Sq. Ft. GBA: $85.85 Tot O ff Are SF 0% GBA Sale Price Per Sq. Ft. NRA: Primary Heating/ Pct: Forced Air 100 0 . 1 0 Sale Price Per Sq. Ft. Land Area: $143.51 Secondary Heating/ Pct: Sale Price Per Room: Air Conditioning Pct: 100% � Income Data: Sprinklers/ Elevators: Garage/ Ramp Spaces: PRIVATE DATA Surface Parking Space: Parking Surface Type: Rent Schedule: Multiple Tenancy: N PRIVATE DATA Bldg Ht/ Avg Clear Ht; FT FT # Stories: 2.0 Avg. Finished Ceiling Ht: FT Total Land Area/ Topography: 1,742 SF Level Useable Land Area: SF Zoning/ Land Def Cd: Commercial F Trackage/ Utilities: N Land Blg Ratio/ Excess Land: 0.60 to One N Environmental Concern Ind: Other Amenities: Summary Comments: Art Studio /Gallery /Storage .� 'u� - .. � 'A �t,� �.. _ r � r"' r � _ _ r.. _. I 1" w��;W "' I • ;� 1 �.� �r r � ''� _ � � P �( °• � 4 2 'i {� {• 4� hli rr. �< -, �{ �' MARKET INCOME WORKSHEET 2011 pay 2012 PID 10- 118 -21 -13 -0003 PROJECT NAME Stoner & Assoc. Inc. Office /Showroom /Storage ADDRESS 5001 Drew Ave N. ZONING C1 OWNER William Stoner PROPERTY TYPE - Office Net leases C - Commercial YEAR BUILT 1955 INCOME ANALYSIS OFFICE INCOME $19,416 GROSS BUILDING AREA 4,924 SHOWROOM /STORAGE IN $26,448 Office Area 1,618 PGI $45,864 Showroom/NH 3,306 LESS: VACANCY $1,942 Office Market Rent $12.00 Note: no vacancy allowance to misc. income. EGI (before concessions) $43,922 Showroom / Storage blended $8.00 LESS: RENT CONCESSIONS $0 VACANCY ALLOWANCE 10.00% FREE RENT $0 SQUARE FEET VACANT 492 SQUARE FEET OCC. 4,432 EGI $43,922 % OF EGI RENT CONCESSIONS 0.00% LESS: EXPENSES (to 67 %) $1,723 3.92% FREE RENT 0.00% LEASING $2,526 5.75% TURNOVER RATE 35.00% TENANT IMPROVEMENTS $0 0.00% TENANTS REMAINING 65.00% RESERVES $878 2.00% AV. LEASING PERIOD 5 MANAGEMENT $1,318 3.00% TOTAL EXPENSES - $6,446 14.67% EXPENSES /SQ.FT. $3.50 NOI $37,477 MANAGEMENT 3.00% TENANT IMP. COST - NEW $0.00 ICAPITALIZED VALUE $451,400 RENEWAL $0.00 EXPENDABLE VAL. OF TI 25.00% PER SQ.FT. GBA $91.67 RES. FOR REPLACEMENT 2.00% EXPENSE RATIO - 14.67% LEASE COMMISSIONS -NEV\ $3.50 SQ FT LAND AREA - 31,365 RENEWAL $2.50 SQ FT EFFECTIVE TAX RATE 3.0300% 2010 EMV $ 460,000 93.42 CAP RATE 8.00% PERCENTAGE CHANGE - -1.87% TAX RATE 0.30% land value $ 122,000 3.89 OVERALL RATE 8.30% building value $ 329,400 66.90 LAND TO BUILDING RATIO 6.37 4/14/2011 April 18,2011 To: Mayor and City Council Members of the City of Brooklyn Center From: RandiErickson, GRI, CRS, Sir Commercial Analyst and Sales Director For Coldwell Banker Bumet 3033 Excelsior Blvd. #100 Minneapolis,MN 55416-4678 Add'l Disclosure: Appt Special Board of Review for the City of Blaine Since 1998 RE: 5001 Drew Ave N., Mpls.,MN 55429 Dear Members, RECAP: On March 21St,I visited Mr. Stoner at the Property at described herein. On March 25th,20111 presented to Nancy Wojack, City Assessor("NW") a copy of the Declaration of Covenants and Restrictions dated June 26,2001,recorded in Hennepin County as Document Number 7497341 on June 29,2001,which said document lays out the maximum ability,or the highest and best use, of Mr. Stoner's ability to expand as a business and for the property. NW took this document to the zoning officer for the City and then also relayed back to me that the City had neither knowledge of its existence nor any acknowledgement that it complied with the current 30 year comp plan.No record of this document was found in the City of Brooklyn Center until that day..Tax appeal day opened on April 4th,2011,. which NW and I agreed to work to find a solution to find additional comps,which I believed to be a split class property,not a straight office property,or straight warehouse property. SINCE THAT DAY: On April r,I emailed NW to ask if she had any luck finding comps. She emailed back on the 4/8, stating that she would have some later that day,and if I would be available later that day. I did receive her comps later that day,but there was a problem with them right off,the 6 comps she gave,were similar, but some were outside the MN Dept of Revenue's guidelines, and some were not a split class,and she wanted time to verify them according to zoning. I emailed her back and gave her some comps that are of a split class noting I didn't care so much on zoning,but use,size, location, good qualify comparables. I gave her 12 of them,both inside the required sales date and in the future sales date range(future sales dates were approved by the Dept of Revenue for hearings this year). NW stated in that same responded email to me,that this was her final 6 comps that were going to used in her report. My response back was to update her comps to comply with the Dept of Revenues guidelines. Then NW back tracked, stating that this f . was not going to be in her final report. Then turned as stated that this was for "discussion". Then she turned and stated that"it appears that you want to work directly at board, so I will prepare my final report and proceed... (which is the correct answer since,the window for her ability to be able to do nothing is 10 days before the April 4h hearing,and during the open hearing. This is for the board only to decide). However, Communication stopped. I emailed Jonathan Young at Sun Newspaper for his assistance to the hearing since I disclosed that I could not attend the reconvened meeting, as additional disclosed above, for those dates conflict with my hearings. IN THE PACKET: In the packet you will find comps that I am using. 1.304- 120'Ave S. 4800 sq ft multi use building,2280 Sf Office,2520 Sf Lg Reception area,6 offices,Conf Rm,2 bath,kitchenette,storage,Lrge Shop with drive thru overhead garage doors(3),dock door(1)&heavy duty car/truck lift which sold for 300,000,which sold on 3/4/11 (my future comp)$62.50 per sq ft. 2. 3140 Viking Blvd NE,East Bethel—7265 sq ft of office,Maintenance free vinyl siding,built 2004 on 3.2 acres. Sold on 1/25/10 High End finishes,In floor heat, CIA, City S/W.,also a small warehouse/garage area/dock door. Sold at 69.51 sq ft. 3.2401 W 66t' St.,Richfield,MN 55423—4932 sq ft office,near Southdale,Brick Exterior, Office and open floor in part of bldg. Finished offices/kitchenette/Conf Rm. Bit in 1965 but it has been updated and remodeled interior in parts. Sold for 407,500. on 11/19/201. Sold for 82.62 sq ft. (better location that subject) 4. 826—40' St. S., Stillwater-5000 sq ft bldg.,Multi purposes, some rental income, better location on busier street,Built in 1920,but updated and remodeled interior,Brick Exterior,Corner Lot,Garage/Doors/Dock area. Sold at 313,700 on 12/3/2010. Sold for 62.74 sq ft. 5. 12740 Aberdeen St.NE,Blaine,MN 55449—This building is 6,355 sq ft.,located in mainly retail area,but has access issues(side roads since the new 242/65 bridge came in, entrance now is on the back of the building). Sold for 155,000. Built in 1987,Hwy 65 frontage,ample parking(was used to sell schwinn bicycles)has some office/conf mi. Repair shop area/tool and parts area. (Sold on 7/15/2010 for 24.40 per sq ft) 6. 1575— 18'Ave E, Cambridge—6,000 sq ft total(5,430 finished)on 1.16 acres. Located near Mall area,lock Comp#5 and subject)Blt in 1979. Also vinyl siding with some brick. Located on busy Hwy 95 and on off ramp of Hwy 65. Direct access and side frontage. Ample Parking(30 spots). Sold for 280,500 on 5/11/2010. Sold for 46.75 per sq ft. a On an income approach I figured Mr. Stoner could rent out his 6 offices,however,with the access of going thru the whole industrial park,No direct Hwy frontage other than a sign from a bypass of 100 and access off France Ave.)he may get$350.00 per month per office. Sharing the kitchenette and conf/room and paying a CAM charge for those. The "showroom area", I could find no comps for this,unless he upgraded to a classroom style/training room available for rent on as requested basis,unknown where to park except the street,and whether a need is there in the area. The drive in area/unfinished portion of the building may bring 400.00 to 500.00 per-month. On an income approach, limited parking, I only came in around a sale price of$300,000.00 should the building sell to an investor. On a resale as is,my comps came in at a high of$380,000(that is 77.00 per sq ft)and a probable sale price of$350,000.00(that is 71.00 per sq ft.). Now if the buyer is getting an appraisal done on the subject for a loan,the appraisers will mark it down further because the likelihood that it would resell again, should that buyer default, which may bring it down.an additional. 10%to$315,00000(that would be$64.00 per sq. ft.). My suggestion is to reclassify the property to a split class(office/warehouse),at payable to 2012 to 380,000. If Mr. Stoner places the property on the open market,and it not sell for that price,allow him to come back for payable 2013,and ask for a further reduction. Best Regards Randy Erickson, Tax Appeal Agent for Stoner&Associates,Inc. 5001 Drew Ave.N Brooklyn Center,MN 55429 Attachment: Board of Appeal Handbook by the MN Dept of Revenue(Most recent print 2009) • Report Name: City of Brooklyn Center Printed:3/25/2011 PropSumm_Public Page: 1 Public Property Summary • This information is a summary of available data and is not guaranteed to be complete or accurate. • PID#: 10-118-21-13-0003 Buildings on File: I Property Name: Stoner&Associates • Property Address: 5001 Drew Ave N Brooklyn Center,MN 55429 ■ ■_ ■ ■ _ • Multiple Address: No _ Lot/Block: 000/000 • Addition: Unplatted 10 118 21 NO • Legal(120): W 135 FT OF E 165 FT OF N 150 FT OF S 18 • 3 FT OF NW 1/4 OF SW I/4 OF NE 1/4 • Owner(s): Stoner&Assoc. Inc. Property Classification: Commercial • 2011 EMV: 447,000 2010 EMV: 460,000 ! 2009 EMV: 460,000 • EMV/GBA: 90.78 Lot Size: 20,424 Sq.Ft./.46 Acres • Zoning: C 1 Gross Office Area Percent: Building Use: 471 -Light Commercial Utility Bldg/100% • #Stories: 1 • Avg Story Height: 12 Avg Clear Height: 10 • Actual Year Built: 1955 Effective Year Built: 1995 • Renovated Year: 2001 First Floor Area: 4,924 • Gross Building Area: 4,924 • Basement: No • Parking: Parking-Surface ! • • ! • • • • • 9r iff.040 • � • • � *101000 • • • 0 • • 0 Pjpc4PTyF 40-�m "ial� e • • • • • • 0000 Commercial Field Card Property Address: 5001 Drew Ave N Zoning: Cl Lot/Block: 000/000 Addition: Unplattcd 10 11821 Owner(s): Stoner&Assoc.Inc. Printed: 3/25/2011 District: Assessment Year: 2011 Neighborhood: 0016 Project(s): Version: 1 Watershed: 14 Building: 1 School District: 0281 Land Building Detail Basement Income Information Zoning: Cl Name: Stoner&Associates Basement Basics Gross Income: Area Rating: Average Quality Area(SgFt): Vacancy Percent: Site Rating: Fair o Basement Area Percent: Effective Gross Income: Quality: 1-Land Partial Construction(/o): Q ty CO Overall Quality: Bsmt.Use Code: Operating Expense: Contamination: Flood Plain Map Ref: Architectural Appeal: Average Bsmt.Use Code Suffix: Net Income: PUD Ref: Construction Quality: Average Elcvator(s): Capitalization Rate: Allowable Units: Construction Type: Mason Gross Rent Multiplier: ry Mechanicals Rent/Square Feet: Excess Land(SgFt): Building Condition: Good Security System: N I:Icctrical Service: Average Y Y Zoning Variance: N Walls and Roof Plumbing: Average Last Sale Frontage: 150 Primary Exterior Walls: Stucco Sprinkler Type/Percent: Yes/100 Left Side: Secondary Exterior Walls: Date: 09/01/1998 Rcar Side Roof Construction: Steel Heating (Type/Percent) Price: $220,000 Right Side: Roof Type: Flat Heating 1: Package Unit/70 Code: 00 Effective Width: Heating 2: Forced Air/30 Roof Cover: Rubber Membrane Dcsc: Good Sale Effective Depth: 135 Use Codes Type Suffix % Heating 3: / Effective Water: 0 Air Cond. (Type/Percent) Last Inspection Property Area(SgFt): 20,424 Code 1: 471-Light Commercial Utility Bldf 100 A/C l: Central/70 Appraiser[D: 11 Acreage: 0.46 Code 2: - 0 A/C 2: Appraisal Date: 03/04/2011 Park: Code 3: 0 Reason: Appeal Park Quality: Code 4: 0 Tot 3: to On Lake: Totals Result Interior Lake Quality: Depreciation and Age Building Areas o Current Inspection On River: Functional /o: Actual Age: 1955 First Floor Area: 4,924 River Quality: Economic%: Effective Age: 1995 Gross Building Area: 4,924 Appraiser ID: Landscape Quality: Physical%: Renovated Age: 2001 Net Rentable Area: 4,854 Appraisal Date: Building Miscellaneous Attributes Mezzanine Area: Garages and Parking Reason: Curbs Total Floor Area: 4,854 Gas Type Spaces Area Rental$ Building Ratios and Perimeter Gutter Type 1: Parking-Surfacc 14 Land Building Percent: 414.8 Result: Paved Street Type 2: Floor Area Percent: 24.1 Left Tag: Yes/No Sewer Available g� Soil Correction Type 3: Perimeter Length: 310 Flat Value Water Available Type 4: Office Area: Type 5• Gross Office Area Percent: Value: Pools Net Office Area Percent: Dcsc: Number Type Comments Influences Main building-Office-1,628 sf Aux.Building-Warehouse-1,458 sf.Rezoning 1998 from C2 to Cl to allow connecting addition of the two existing buildings.Buildings remodeled 1994-1996 without permits.Main bldg and Aux.bldg attchcd by 1,820 sf addn.Total bldg 4,906 sf.Rmdl to create I bldg in 2001. Property includes office Building Heights area,showroom and loading/warchouse. Warehouse area is 1,458 s.f.showroom 1,820 sf and office 1,618 sq.ft. Average Story Height: 12.0 Office/showroom finish includes showroom,conference room,reception area,6 offices, 1 full bath(F),and 1 -1/2 Number of Stories: 1.0 bath(M).Property is finished with ceiling tile and sheetrook wall,showroom has open steel truss ceiling,H VAC Average Clearance Height: 10.0 venting and ductwork is exposed with track lighting. 13'4"clear height in loading area. Office clear height at 8'. Finished Ceiling Height: 8.0 Miscellaneous Income/Lease: Tenant: Single Tenant 0 City of Brooklyn Center P1 D: 10-118-21-13-0003 Property Type: C-Commercial Commercial Field Card Property Address: 5001 Drew Ave N Zoning: CI Lot/Block: 000/000 Addition: Unplattcd 10 118 21 Owner(s): Stoner&Assoc.Inc. Printed: 3/25/2011 District: Assessment Year: 2011 Neighborhood: 0016 Project(s): Version: 1 Watershed: 14 Building: 1 School District: 0281 27- 64' y 4' 54 First Floor 4924 sf s i- 7' --- 62' 10'7. 1 O' Sketch by Apex Medina'"' • • • • • • • • • • • • • • • • • • • • • • • • ! • • • • • • i • • • • • • • • • • • • 749'7341 DECLARATION OF COVENANTS AND RESTRICTIONS This Declaration is made this.21,lr"day of u.,8 ,2001,by Stoner and Associates,Inc.,a Minnesota corporation(hereinafter the"Declarant'. I � L RECITALS Ll. Declarant is the owner of real property in the City of Brooklyn Center,Hennepin County, Minnesota,legally described as the West 135 feet of the East 165 feet of the North 150 feet of the South 183 feet of the Northwest Quarter of the Southwest Quarter of the Nordu a% Quarter of Section 10,Township 118,Range 21,Hennepin County,Minnesota(hereinafter the"Subject Property). i L2. Declarant,by its agent,has applied to the City of Brooklyn Center for site and building plan approval for construction of a 1829 square foot addition correcting two existing buildings resulting m a total building square footage of 4927 feet. iI3. The Declarant proposes to provide 14 parking spaces on the Subject Property- 14 parking spaces will comply with the requ ranents of Brooklyn Center City Code providing that 1977 square feet of the floor area of the building proposed is limited to office space(which, under current code;would require 10 parking spaces at 1 space per 200 square feet)and 2950 square feet of floor area is used for storage/studio space(which,under current code, would require 4 spaces at 1 space per 800 square feet). 1.4. The City granted approval of Planning Commission application number 2000-23 on January 8,2001,conditioned on execution by Declarant of these covenants and restrictions to assure continuing compliance with lire parking requirements of the City of Brooklyn Canter. I.S. The City has granted site and building plan approval for the development described above on the basis of the representations by Declarant about the use to be put of the Subject Property.and the square footage of space that will be put to various specified uses,and but for such representations and agreements,the site and building plan approvals would not have been granted. Czra9srnas I BMI 214 • U To secure the bewfds and of such site and building plan approval,Declarant advantages urfdmg P aPPro desires to subject the Subject Property to the teams hereof. NOW, THEREFORE, the Declarant declares that the Subject Property is, and shall be, held, transferred, sold, conveyed, and occupied subject to the covenants, conditions and restrictions hereinafter set forth. 1. At least 2950 square feet of the floor am of the building on the Subject Property will be used for skMefstudia space,display space and non-office accessory space; and no more Than 1977 ware feet of the floor space of the buildings on the Subject Property will be used for office space. No other uses may be made of the buildings on the Subject Property without first securing the approval by the Brooklyn Center City Council of an amendrumt to this Declaration of Covenants and Restrictions. 2. The obligations and restrictions of this Declaration run with the land of the Subject Property and shall be enforceable against Declarant,its s m=sors and assigns,by the City acting i through its City CounciL This Declaration may be amended from time to time by a written amendment executed by the City. IN WETNESS WHEREOF,the undersigned as the duly authorized agent,officer or representative of Declarant nt has hereunto set his hand and seal as of the day and year first above written. • . STONER AND ASSOCIATES,INC. i • Its � i i 1 CU,1w>A4vi 2 acusc-eta • • I 4» 0 cn 30 � v � +� • • ! ! i • iii liiiilii ! liiiii �i � iiiliil ! ♦ ! ii • ! ! - i • APPROVED BY THE QTY OF BROOKLYN CENTER" • By wv ,By STATE OF MINNESOTA ) )SS COUNTY OF HENNEPIN ) . T'ho foregoing in W meat was admowledged before me this BQ!-day of _,200j, • by My=Kmpew and Michael McCauley,the Mayor and Manager,respectively,of the City of Brooklyn Center,a public body corporate and politic under the laws of Minnesota,on behalf of the City. PATRICIA A.PAtiE Notary Public � adt�r ru�.tc-t�ra�sam► • .mA � ww+ NV. • • I • • • culig9 mvi 4 i BR24!-Sl4 r' • • • • • • 7497341 �iL�t41 S'4: .r. E 1: z �Ftt�QF C6UHi'Y REC HD R � �,f S SNNE fN COiINTY,HINH�58�A CERIR£f) 'IEDOH 90R Zool JUN 29 PM 2:38 tMMrM�wvvn Al C _"r5:♦��Try 49 rry 34JL OFtUt COpY FEE , lkeb-Based Email :: Print Page 1 of 1 0 Print I Close Window . Subject: 5001 Drew Ave N. Brooklyn Center 0 From: Nancy Wojcik<nwojcik @ci.brooklyn-center.mn.us> Date: Fri, Mar 25,2011 11:24 am To: "'billy @stonerassociates.com'"<billy @stonerassociates.com> Cc: "'randi @realestateexperts.com"'<randi @realestateexperts.com> Attach: formal APPLICATION 2011 for mailing.doc 5001 Drew field card.pdf 5001 Drew summary.pdf I Randi, Attached is the appeal application for the Local Board of Appeal and Equalization,A copy of the field card, and the property summary regarding value. Please complete the application and return to the Assessor's office by mail or electronically at nwojcik@ci.brooklyn- 01 center.mn.us or fax(763) 569-3337. You may include any material you wish to be presented or included with your appeal application. If you intend to appear in person,please bring 10 sets of your documentation to give to the board. If you plan on making a written appeal, please include a copy of your appeal in writing. Written appeals will be read by the board. At this time,you will be considered a walk-in or written appeal,as the agenda for scheduled appeals was set March 18th. I have included the important date information from the value notice below: �' A eaI Option 2: Formal Appeal-Boards of Appeal and Equalization • Step#1 —City of Brooklyn Center Board of Appeal and Equalization If you believe your value or classification is incorrect,you may bring your case to the Local Board of Appeal and Equalization. You may appear in person, by letter,or be represented by an authorized agent. Please call your Assessor's Office first,an application is necessary. It is required that you first attend the Local Board prior to attending the County Board of Appeal. The Board convenes at 7:00 PM on Monday,April 4,2011 in the Council Chambers,City Hall,6301 Shingle Creek Parkway,Brooklyn Center, MN 55430. If you wish to make an appeal before the local board,an application is requested no later than Friday,March 18,2011. 0 Step#2—Hennepin County Board of Appeal and Equalization 0 The County Board of Appeal and Equalization begins on June 13,2011,at the Hennepin County Government Center,300 S Sixth St., Minneapolis, MN 55487. Application is required no later than May 25,2011. To appear before the County Board,you must have appeared before the City of Brooklyn Center Board of Appeal and Equalization. You must call in advance to get on the agenda: Phone:(612)348-7050 or[TTY(612)348-3461 Teletype]. Respectfully, 0 Nancy Wojcik,SAMA City Assessor City of Brooklyn Center (763)569-3357 i Copyright©2003-2011.All rights reserved. 0 i i 0 • i*ttp:HemaiIO3.secureserver.net/view print multi.php?uidArray=516311INBOX&aEmlPart=O 4/16/2011 0 Oeb-Based Email :: Print Page I of 2 Otint I Close Window *Subject: RE: 5001 Drew Ave N. Brooklyn Center From: Nancy Wojcik<nwojcik@ci.brooklyn-center.mn.us> Date: Fri,Apr 08,2011 8:27 am To: ...randi@realestateexperts.com...<randi@realestateexperts.com> 0......................................... .....................................................................................___............. ..............__...................................................................__....................................................................................................................-.............................................................I......................................................... 1 should have my comps and adjustments ready for you to look at later this morning. I'll send you an email with attachments and if you are open,touch base this afternoon. Nancy From- randi@realestateexperts.com [mailto:randi@realestateexperts.com] Sent: Thursday, April 07, 201111:55 PM To: Nancy Wojcik Subject: RE: 5001 Drew Ave N. Brooklyn Center Hi Nancy, Any luck with comps? RE -------- Original Message -------- Subject: 5001 Drew Ave N. Brooklyn Center From: Nancy Wojcik <nwojcikOci.brooklyn-center.mn.us> Date: Fri, March 25, 2011 11:24 am To: "'billy0stonerassociates.com"' <bilivOstonerassociates.com> Cc: "'rand i@ realestateexperts.com"' <rand i(cbrealestateexperts.com> Randi, Attached is the appeal application for the Local Board of Appeal and Equalization, A copy of the field card, and the property summary regarding value. Please complete the application and return to the Assessor's office by mail or electronically at nwojcik @ci.brooklyn-center.mn.us or fax (763) 569-3337. You may include any material you wish to be presented or included with your appeal application. If you intend to appear in person, please bring 10 sets of your documentation to give to the board. If you plan on making a written appeal, please include a copy of your appeal in writing. Written appeals will be read by the board. At this time, you will be considered a walk-in or written appeal, as the agenda for scheduled appeals was set March 18th. I have included the important date information from the value notice below: I Appeal Option 2: Formal Appeal - Boards of Appeal and Equalization Step#1 —City of Brooklyn Center Board of Appeal and Equalization If you believe your value or classification is incorrect,you may bring your case to the Local Board of Appeal and Equalization. You may appear in person, by letter,or be represented by an authorized agent. Please call your Assessor's Office first,an application is necessary. It is required that you first attend the Local Board prior to attending the County Board of Appeal. The Board convenes at 7:00 PM on Monday,April 4,2011 in the Council Chambers,City Hall,6301 Shingle Creek Parkway, Brooklyn Center, MN 55430. If you wish to make an appeal before the local board,an application is requested no later than Friday, March 18,2011. 46"://emai103.secureserver-net/view print multi.-Php?uidArray--531341INBOX&aEmlPart=O 4/16/2011 Web-Based Email :: Print Page 2 of Step#2—Hennepin County Board of Appeal and Equalization • E The County Board of Appeal and Equalization begins on June 13,2011,at the Hennepin County Government Center,300 S Sixth St.,Minneapolis, MN 55487. Application is required no later than May 25,2011. To pppearbefore the County Bo ard. you must have appeared before the City of Brooklyn Center Board of Appeal and Equalization. You must call in advance to get on the agenda: Phone:(612)348-7050 or[TTY(612)348-3461 Teletype]. � 1 ! Respectfully, Nancy Wojcik, SAMA E City Assessor City of Brooklyn Center (763) 569-3357 ...........__.........................._........................._.._......................_........._...................._...._.........................................._.................._.........................._................................................................_....................._........._......._................................__.........__........._......................_......._........._....................... Copyright©2003-2011.All rights reserved. • • i • • i • • • • i • i i • • i ! • • • http://emai103.secureserver.net/view print multi.php?uidArray=531341INBOX&aEmlPart=O 4/16/20119 keb-Based Email :: Print Page 1 of 1 Print I Close Window iSubject: Comparable Data From: Nancy Wojcik<nwojcik @ci.brooklyn-center.mn.us> Date: Fri,Apr 08,2011 1:54 pm To: "'randi @realestateexperts.com"'<randi @realestateexperts.com> Attach: COMPS Stoner LBOAE.pdf I have been working ll the g on appeal reports for my reconvene parcels and they are taking quite some time. Lhave included six sales of commercial zoned properties,that are similar in size,and have somewhat restricted parking on their sites, or other land/site issues. Two properties are also used as showroom and gallery.There are three that have small office areas. All six sales are open market transactions but span from May, 2009 through Nov. 2010. 1 will be using these six sales in my report to the board. Nancy Wojcik,SAMA City Assessor Copyright©2003-2011.All rights reserved.- i s • i i i • • :Hemai103.secureserver.net/view print multi.php?uidArray=532021INBOX&aEmlPart=O 4/16/2011 0009 • 00* 000000000 000000 +1 * 000 • 00000000000000o CoWY15atAh[e ;.00maarebie- mrmre CmnoaraNtaaGom0arabir< - Oomnnra9ta ` d$46 4«;"923.11-0929 �; ;" ,, ; i6.94�24*33.#146 84r6293;�8$�6574 ,, r' 24410RZ+0!74 94177169 Address 9p911Sfv Ave 239MharpaplrAv# 7 P1r1e$1 5357 perm Aye 9 14$UairSt 2992 fl9 Grfin�d Afro$Y 349'Hannepre Tom rt Rd .'. dr - CHy $k Oentee s3$ Chaska MIM s Exa9lsior Was,Ns �dar Prelrtr ""a! $225,000 $250,000 $510,000 $607,500 $536,000 $632,500 aakeflata 3/292010 3/5/2010 5/122009 62512009 1115/2010 1019/2009 Cash"III,Ojyjj ant Prka q $225,000 $250,000 $460,000 $607,600 $536,000 $632,500 daft Office/Showroom/Storage Insurance Agency AM Studio I Gallery I Storage Real Estate Office Office I Showroom I WH Advertising Agency Vacant Office taflal'1 Average Superior .Inferior Superior Superior Superior Superior z 1' Az'aA. 20,239 12,460 1,742 5160 11,833 17,067 18,700 4.11 5.93 0.60 1.56 3.17 5.92 5.02 %Y"Irso t"I 1956 1975 1900 1953 1948 1952 2004 Xaar .. 1995 1987 1986 1980 1995 1990 2004 / anAl9taA Good Inferior Inferior Inferior Inferior Similar Superior 1 1 2 1 1 1 2 R1aarAntr, 4,924 2,100 1,612 2,507 3,734 2,592 3,084 F'A7M1 4,924 2,100 2,912 2,507 3,734 2,884 3,084 None None None None None 292 None $ash None None None 700 None None None 4,924 2,100 2,912 3,299 3,734 2,884 3,724 1,618 2,100 436 3,207 1,718 2,884 3,084 tpa 33% 100% 15°4 97% 46% 100% 83% N1tOkrnrtlt 1019814113 12/9 NIA 12110 12/10 14/13 12110 14 15 0 5 10 8 15 MOT44iar1cy7 - None None None None None None None C900" Property was remodeled in 2001 15 Parking Spaces. Minimal Land Area.Parking Is Roof was replaced in 2006. Property includes 3 garage stalls Office area very open except for 2nd floor stairway is small and +<¢'.and owner signed a restrictive available only on the street.No 5 Parking spaces available. in showroom/warehouse area.10 one enclosed 12 x 23 room used steep ae 2nd floor is only use agreement limittrrg the designated office area, per spaces available. as a conference room vdth glass practical as storage.15 surface Ice area to 1,977 sq.ft.and incorporated within the interior walls.Hardwood floors parking spaces. remaining 2,950 sq.ft.must gallery/showroom area,2nd floor in main office are,with exposed remain office/showroom. area storage only. steel framed ceiling joists and r Property is zoned wmmeroial. exposed HVAC dud-rk.New 3".Property includes one Buyer u sing as owner occupied aragelstorage finished area fitness center.Properly includes 4 parcels.Eight parking spaces available. I � web-Based Email :: Print e l of 0 R1n1 I Subject: RE: [FW8j:whoops here they all are] From: Nancy Wojcik<nwojdb@ci.brmmNyn-oanbmr.mmn.mm> Date: Mon,Apr 11.20119:26 am To: ~|an ...<rmnd .com> ` I am aware of the sales data range. I brought sales in from the suburban data exchange to determine some of the issues addressing this property, covenant, zoning, parking, etc. for discussion with you, and for validation if parking and other issues affect sale price. This was not my final report, nor did it indicate so. I only gave you information that I had acquir ed, as you stated you were having difficulty finding sale data. The intent was for discussion, as you had indicated you wanted to continue working with me, but it appears that you want to work directly at board, so I will prepare my final report and � � You indicated that you included sales that you considered comparable, however nothing was attached. Please submit your final report bv Thursday morning ifyou would |ikeyuurneAortscqpiedandindudedinthe packets for � the board. Packets are delivered tothe board Thursday afternoon, or you can bring the 10 copies to the board that night. 5inceneky, Nancy Wojcik, S4M4 � City Assessor ~- -~ � From: � -- Sent: Monday, April 11, 20118:50 AM To: Nancy Wojcik Subject: [FWD: whoops here they all are] —' Nancy, Here is what l view as sales comps to Stoner &Associates Building. The one in Buffalo is still a good comp. Zoning as you are well aware is not apart of the MN Dept of Revenue classification code when assessing — (see page 9). Attached please find a copy of the MN Dept of Revenue handbook to clarify the zoning issue � as well as when a comp can be used by an assessor (also on pg 9), hopafuUythat miU help. Please update your comps to reflect those inside the correct dates'. Regards, Rand| � ---- Original Message ----- Subject: whoops here they all are From: Randi Erickson < > � Date: Sun, April 10, 2011 6:26 pm To: < > -- click on the link below � RE Click the following URLto see the listings: qbtV:Hemai103.secureserver.net/view print multi.php?uidArray--533001INBOX&aEmIPart--O 4/16/2011 U | �m� ) �N� Web-Based Email :: Print Page 2 of 29 E • 3 i If you wish to unsubscribe: • http://matrix.northstarmis.com/Matrix/Public/UnsubscribeDirectEmail aspx?ID=8929960534- • 1&Eml=cmFuZGIAcmVhbGVzdGFOZWV4cGVydHMuY29t • Copyright©2003-2011.All rights reserved. • • • • • • • • • a i • • • • • • • • • • • • • • • • • i • • http://emai103.secureserver.net/view print multi.php?uidArray=533001INBOX&aEmlPart=O 4/16/2014 keb-Based Email :: Print Pagel of 2 0 .print I Close Window Subject: Mr Stoner's Property From: randi @realestateexperts.com • Date: Mon,Apr 11,20119:45 am To: "Nancy Wojcik"<nwojcik @ci.brooklyn-center.mn.us> !� Cc: "Billy Stoner"<billy @stonerassociates.com> Nancy, Just click on the link, it is direct to the MLS, which should include 12 comps. This information will be given to the local paper for their review and helpful watchful eye since I can't make it to Mr Stoner's hearing, as you are well aware, for I announced it that night, and the reason for not appearing with Mr Stoner, for being .i on the special board of review with the City of Blaine. I want Mr Stoner to find a fair hearing, nothing more, nothing less. • RE Jonathan, You should now have everything you need to ensure Mr Stoner has a fair hearing. I will also forward to you my comps that Nancy is referring to. RE Billy, Hopefully all will go with the comps I have given Nancy, the help of the local paper, and of course the City Council. The Restrictive Covenant document, in my opionion, changed you classification from Office to Mixed use, like Office/Warehouse. Nancy had you at Office, which is the highest and best use, but because of the Restrictive Covenants that I found at the Courthouse, you maybe intitled to an abatement. This is not the final place for a fair hearing, should this issue not get resolved here. I think the comps that I have attached to for Nancy to review, are comparable, and good comparable's for Office/Warehouse. RE E ------ Original Message -------- Subject: RE: [FWD: whoops here they all are] From: Nancy Wojcik <nwojcik @ci.brooklyn-center.mn.us> Date: Mon, April 11, 2011 9:26 am To: "'randi @realestateexperts.com"' <randi@realestateexperts.com> I am aware of the sales data range. I brought sales in from the suburban data exchange to determine some of the issues addressing this property,covenant, zoning, parking,etc. for discussion with you, and for validation if parking and other issues affect sale price. This was not my final report, nor did it indicate so. I only gave you information that I had acquired, as you stated you were having difficulty finding sale data. The intent was for discussion,as you had indicated you wanted to continue working with me, but it appears that you want to work directly at board,so I will prepare my final report and proceed . You indicated that you included sales that you considered comparable, however nothing was attached. Please submit your final report by Thursday morning if you would like your reports copied and included in the packets for the board. Packets are delivered to the board Thursday afternoon, or you can bring the 10 copies to the board that night. Sincerely, Nancy Wojcik, SAMA 4*ttp:Hemai103.secureserver.net/view print multi.php?uidArray=14001INBOX.Sent Items&aEmlPart=0 4/16/2011 teb-Based Email :: Print Page 2 of 2 City Assessor 6 From: randi @realestateexperts.com [mailto:randi @realestateexperts.com] Sent: Monday, April 11, 20118:50 AM To: Nancy Wojcik Subject: [FWD: whoops here they all are] Nancy, Here is what I view as sales comps to Stoner &Associates Building. The one in Buffalo is still a good comp. Zoning as you are well aware is not apart of the MN Dept of Revenue classification code when assessing (see page 9). Attached please find a copy of the MN Dept of Revenue handbook to clarify the zoning issue Ias well as when a comp can be used by an assessor (also on pg 9), hopefully that will help. Please update your comps to reflect those inside the correct dates. Regards, Randi -------- Original Message -------- Subject: whoops here they all are From: Randi Erickson <randi@realestateexperts.com> Date: Sun, April 10, 2011 6:26 pm To: <billy@stonerassociates.com> click on the link below RE • Click the following URL to see the listings: http://matrix.northstarmIs.com/de.asp?ID=8929960534 .f If you wish to unsubscribe: L http://matrix.northstarmis.com/Matrix/Public/UnsubscribeDirectEmail.as . •� ID=8929960534-1&Eml=cm FuZGIAcmVhbGVzdGFOZWV4cGVydHMuY29t • Copyright©2003-2011.All rights reserved. Wttp:Hemai103.secureserver.net/view print multi.php?uidArray=14001INBOX.Sent Items&aEmlPart=O 4/16/2011 4�veb-Based Email :: Print Page 1 of 1 • •Print I Close Window . Subject: [FWD: Comparable Data] • From: randi @realestateexperts.com • Date: Mon,Apr 11,20119:14 am To: jyoung @acnpapers.com Attach: COMPS Stoner LBOAE.pdf • LBAE final handbook 2009.pdf Hi Jonathan, Remember me, I was at the board of appeals for the City of Brooklyn Center, I was with you in the elevator with my Client, Billy Stoner, from Stoner &Associates. I wanted to follow up with you so you can see what is going on with Mr. Stoner's Property. Attached please find a MN Dept of Revenue's guide to Tax appeals • for local board's. Nancy, the City Assessor is bring zoning into the classification in Mr Stoner's case (see pg 9 of the handbook), where that is not allowed per statute. Also what is not allowed in any case is going outside the date range, also set up by statute. (also on pg 9). I want the public to know the rules that •' assessors and local boards have, when the public is appearing. Attached is Nancy's email with the comps she is planning on using in her report when the board reconvenes. One person on that board must be certified to be qualified to hear the public from the Dept of Revenue. Could you find out if this was done? I . have asked Nancy to redo her comps to give Mr Stoner a fair hearing. I am certified to hear these same type complaints, by the Dept of Revenue, and am appointed by the City Council for the City of Blaine for the past 10+ years, as a Special Board of-Review Member, I am very familiar with the process, each year as a board member, the County Assessor's office gives this Special Board of Review updates or changes to property classification or any changes, in this case none of Nancy's method's have changed to my knowledge. Thank you in advance for the paper's interest in the Local Board of Review process. Regards, Randi Erickson, Sr. Commercial Sales Advisior Coldwell Banker Burnet rand i(a)realestateexperts.com 612-701-9800 cell -------- Original Message -------- Subject: Comparable Data From: Nancy Wojcik <nwojcikOci.brooklyn-center.mn.us> Date: Fri, April 08, 2011 1:54 pm To: "'randi(cbrealestateexperts.com"' <randi(&realestateexperts.com> I have been working on all the appeal reports for my reconvene parcels and they are taking quite some time. I have included six sales of commercial zoned properties,that are similar in size, and have somewhat restricted parking on their sites,or other land/site issues. Two properties are also used as showroom and gallery. There are three that have small office areas. All six sales are open market transactions but span from May, 2009 through Nov. 2010. 1 will be using these six sales in my report to the board. Nancy Wojcik, SAMA City Assessor • Copyright©2003-2011.All rights reserved. 4*ttp;:Hemai103.secureserver.net/view print multi.php?uidArray=1397JINBOX.Sent Items&aEmlPart=O 4/16/2011 ONorthstar MLS Matrix Page I of 2 • This report prepared for you by Randi Erickson The following MLS documentation was 0 printed, discussed and submitted to the •Customer Full Display, Commercial/Mixed Use, MLS #: 3959733 Local Board of Appeal and Equalization 0 by Randi Erickson-Coldwell Banker as • f 304 12th Ave S, Buffalo, MN 55313 part of the public record for his appeal. •Status: Sold List Price: $319,900 Sold Price: $300,000 Original List Price: $319,900 • Image 1 of 10 y 0 It 0 ss • • ' s z d • a � v • .9yN Q . • ;,� , Map Page: 59 Map Coord: A2 `NiA Directions: Hwy 55 To Buffalo, East On County Road 34 To 12th Avenue - Close To Target W (Click icon for Virtual Earth Map) 0 MLS Area: 340 - Buffalo TAX INFORMATION 0 Secondary Area: 368 - Hennepin-Northwest Property ID: 103069003030 Style: Industrial/Warehouse, Office Tax Year: 2010 •Current Use: Business Service Tax Amt: $10,929 Const Status: Previously Owned Assess Bal: $25 •Total Units: 1 Tax w/assess: $10,954 •Foundation Size: 4,800 Assess Pend: Yes Building FinSgFt: 4,800 Homestead: No •Year Built: 2001 Acres: 1.130 Lot Dimensions: Getting • Off Market Date: 03/04/2011 OProjected Close Date: 03/04/2011 •Date Closed: 03/04/2011 +General Property Information •Legal Description: Sect-29 Twp-120 Range-025 Hwy 55 East Comm Park 2nd Addn Block-003 Lts 3&4 Bilk 3 Ex S91.77Ft Of Lt4 OCounty: Wright School District: 877 - Buffalo877 - Buffalo •Complex/Dev/Sub: Lot Description: •Road Frontage: City, Paved Streets, Curbs Zoning: Industrial Owner Occupied: •Accessibility: No Stairs Public Remarks: Great office/whse bldg, close to Target. Whse • 2,280sf/Office 2,520sf. Lrg reception area, 6 offices, Conf. • Room, 2 ba, kitchenette & storage. Lrg shop w/ drive through overhead garage doors(3), dock door(1) & heavy duty car/truck lift. Possible CD. 0owner is an Agent?: No •In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No OStructure Information •Heat: Forced Air Exterior: Metal/Vinyl, Brick/Stone •Fuel: Natural Gas Fencing: lattp://matrix.northstarmis.conVMatrix/Public/PortalDisplayPi-int.aspx?AG=30774&L=1 4/16/2011 Northstar MLS Matrix Page 2 of Air Cond: Central Roof: Asphalt Shingles, Pitched, Age Over 8 Years Garage: 4 Water: City Water/Connected 0th Prkg: 12 Sewer: City Sewer/Connected • Parking Char: Attached Garage, Insulated Garage, Heated Garage, Driveway - Asphalt, Garage • Door Opener Utilities: Heating Separate, Electric Separate, Hot Water Separate • Miscellaneous: 220 Volt, Loading Dock, Overhead Doors, Single Phase Sale Includes: Building, Land • Appliances: • No. of Ranges: No. of Refrig: One • Basement: Pool: t Amenities-Unit: Units • No. of Efficiencies: No. of 1 Room Units: No. of 5 Room Units: • No. of 1 Bedroom Units: No. of 2 Room Units: No. of 6 Room Units: • No. of 2 Bedroom Units: No. of 3 Room Units: No. of 7 Room Units: No. of 3 Bedroom Units: No. of 4 Room Units: Total Units: 1 • Financial Sellers Terms: Contract for Deed, Cash • Existing Mortgage Information Existing Mortgage Amt: Secondary Financing: • Principal/Interest: Loan Origination Date: • Interest Rate: Expenses Owner Expense: Tenant Expense: • Annual Electric Expense: Annual Repair Expense: Annual Fuel Expense: Annual Trash Expense: • Annual Insurance Expense: Annual Water/Sewer Expense: Annual Maintenance Expense: Annual Caretaker Expense: Annual Gross Expense: Total Annual Expenses: Income Annual Gross Income: $ • Annual Net Income: $ Monthly Rent, 1 Room Units: Annual Rent, 1 Room Units: • Monthly Rent, 2 Room Units: Annual Rent, 2 Room Units: • Monthly Rent, 3 Room Units: Annual Rent, 3 Room Units: Monthly Rent, 4 Room Units: Annual Rent, 4 Room Units: • Monthly Rent, 5 Room Units: Annual Rent, 5 Room Units: Monthly Rent, 6 Room Units: Annual Rent, 6 Room Units: • Monthly Rent, 7 Room Units: Annual Rent, 7 Room Units: Monthly Misc. Income: Annual Misc. Income: • Information Deemed Reliable But Not Guaranteed. Copyright (c) 2011 Regional Multiple Listing Service of Minnesota., Inc. • All Rights Reserved. The following MLS documentation was • printed, discussed and submitted to the Local Board of Appeal and Equalization • by Randi Erickson-Coldwell Banker as • part of the public record for his appeal. • http://matrix.northstarmis.com/Matrix/Public/PortaiDisplayPrint.aspx?AG=30774&L=1 4/16/20110 0 •Northstar MLS Matrix Page 1 of 2 • • 304 12th Avenue S , Buffalo, MN 55313 • MLS Number: 3959733 ILA• 1 • j • • • • • • • �' 40' . • z t • t t • • The following MLS documentation was • printed, discussed and submitted to the • Local Board of Appeal and Equalization • by Randi Erickson-Coldwell Banker as • part of the public record for his appeal. �ittp://matrix.northstarmis.com/Matrix/Public/PhotoPopup.aspx?L=1&TID=3&key=3559588&mtid=l&n... 4/16/2011 Northstar MLS Matrix Page 2 of 304 12th Avenue S, Buffalo, MN 55313 • MLS Number: 3959733 • • • • • fi • • • e • • • The following MLS documentation was • printed, discussed and submitted to the • Local Board of Appeal and Equalization by Randi Erickson-Coldwell Banker as • part of the public record for his appeal. • 0 • • • • • • • • • http://matrix.northstarmis.com/Matrix/Public/PhotoPopup.aspx?L=1&TID=3&key=3559588&mtid=l&n... 4/16/20110 • *NOrthstar MLS Matrix Page 1 of 2 The following MLS documentation was • This report prepared for you by Randi Erickson printed, discussed and submitted to the Local Board of Appeal and Equalization •Customer Full Display, Commercial/Mixed Use, MLS #: 3827661 by Randi Erickson-Coldwell Banker as 3140 Viking Blvd NE, East Bethel, MN 55092 part of the public record for his appeal. • Status: Sold List Price: $599,000 Sold Price: $505,000 Original List Price: $650,000 • Image 1 of 8 ilk rn • Viking Blvd NE 22 3140 Viking Bol • • East Bethel Goon Lake • 02009 MicrosoRColp®2008 NAYTEQ,and/orkle Was,Inc. • Map Page: 23 Map Coord: B4 Directions: . Head East Of Highway 65 On Viking Blvd NE, Property Is South Of Viking Blvd • Before You Come To Jamestown St Ne W (Click icon for Virtual Earth Map) • MLS Area: 713 - Bethel TAX INFORMATION Style: Industrial/Warehouse, Office, Othc Property ID: 273323420003 • Current Use: Business Service, Warehouse, Com Tax Year: 2009 Const Status: Previously Owned Tax Amt: $12,543 •Total Units: 1 Assess Bal: $260 Foundation Size: 6,497 Tax w/assess: $12,802 • Building FinSgFt: 7,265 Assess Pend: No Year Built: 2004 Homestead: No •Acres: 3.200 Lot Dimensions: Off Market Date: 11/25/2009 Projected Close Date: 02/15/2010 Date Closed: 01/25/2010 • General Property Information Legal Description: That Prt Of NW1/4 Of SE1/4 Of Sec 27 Twp 33 Rge 23 Desc • As Fol: Beg At Inter Of E Line Of Sd 1/4 1/4 With Sly R/W • Line Of Csah No 22, Th S Alg E Line Thereof 575.55 Ft, Th W At Rt Ang 400 Ft, Th N PH County: Anoka •School District: 15 - St. Francisl5 - St. Francis •Complex/Dev/Sub: Lot Description: •Road Frontage: Zoning: Business/CommerOwner Occupied: •Accessibility: Counters, Switches/Outlets, Hallways/Doors, Other Public Remarks: •Owner is an Agent?: No �In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No •Structure Information •Heat: In-Floor Heating, Radian Exterior: Metal/Vinyl, Brick/Stone Fuel: Other Fencing: •Air Cond: Central Roof: Garage: 2 Water: City Water/Connected, Other �ttp://matrix.northstarmis.com/Matrix/Public/Portal DisplayPi-i nt.aspx?AG=30774&L=1 4/16/2011 Northstar MLS Matrix Page 2 of 0th Prkg: Sewer: City Sewer/Connected, Other • Parking Char: Attached Garage, Heated Garage, Driveway - Other Surface, Garage Door Opener • Utilities: Heating Separate, Electric Separate, Hot Water Separate Miscellaneous: Sale Includes: Building, Land, Other • Appliances: No. of Ranges: No. of Refrig: • Basement: Pool: • Amenities-Unit: Natural Woodwork, Vaulted Ceiling(s) • Units • No. of Efficiencies: No. of 1 Room Units: No. of 5 Room Units: No. of 1 Bedroom Units: No. of 2 Room Units: No. of 6 Room Units: • No. of 2 Bedroom Units: No. of 3 Room Units: No. of 7 Room Units: No. of 3 Bedroom Units: No. of 4 Room Units: Total Units: 1 • Financial Sellers Terms: Cash, Other • Existing Mortgage Information • Existing Mortgage Amt: Secondary Financing: Principal/Interest: Loan Origination Date: Interest Rate: Expenses • Owner Expense: Tenant Expense: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Trash • Annual Electric Expense: Annual Repair Expense: • Annual Fuel Expense: Annual Trash Expense: Annual Insurance Expense: Annual Water/Sewer Expense: • Annual Maintenance Expense: Annual Caretaker Expense: Annual Gross Expense: • Total Annual Expenses: Income • Annual Gross Income: • Annual Net Income: Monthly Rent, 1 Room Units: Annual Rent, 1 Room Units: Monthly Rent, 2 Room Units: Annual Rent, 2 Room Units: • Monthly Rent, 3 Room Units: Annual Rent, 3 Room Units: Monthly Rent, 4 Room Units: Annual Rent, 4 Room Units: • Monthly Rent, 5 Room Units: Annual Rent, 5 Room Units: • Monthly Rent, 6 Room Units: Annual Rent, 6 Room Units: Monthly Rent, 7 Room Units: Annual Rent, 7 Room Units: • Monthly Misc. Income: Annual Misc. Income: • Information Deemed Reliable But Not Guaranteed. Copyright (c) 2011 Regional Multiple Listing Service of • Minnesota., Inc. • All Rights Reserved. The following MLS documentation was • printed, discussed and submitted to the • Local Board of Appeal and Equalization by Randi Erickson-Coldwell Banker as part of the public record for his appeal. • http://matrix.northstarmis.com/Matrix/Public/PortalDisplayPrint.aspx?AG=30774&L=1 4/16/20110 0 •Northstar MLS Matrix Page 1 of 2 • • 3140 Viking Boulevard NE , East Bethel, MN 55092 MLS Number: 3827661 off • • • • • • • • • • • I �y • i • h- • • • • • • • The following MLS documentation was • printed, discussed and submitted to the Local Board of Appeal and Equalization • by Randi Erickson-Coldwell Banker as • part of the public record for his appeal. �ttp://matrix.northstarmis.conVMatrix/Public/PhotoPopup.aspx?L=1&TID=3&key=3335044&mtid=l&n... 4/16/2011 Northstar MLS Matrix Page 2 of is 3140 Viking Boulevard NE , East Bethel, MN 55092 • MLS Number: 3827661 • • • • • The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Randi Erickson-Coldwell Banker as part of the public record for his appeal. 0 http://matrix.northstarmis.conVMatrix/Public/PhotoPopup.aspx?L=1&TID=3&key=3335044&mtid=l&n... 4/16/201 0 0 `Northstar MLS Matrix Page 1 of 2 0 The following MLS documentation was • This report prepared for you by Randi Erickson printed, discussed and submitted to the Local Board of Appeal and Equalization • Customer Full Display, Commercial/Mixed Use, MLS #: 3650049 by Randi Erickson-Coldwell Banker as ! r 2401 W 66th St, Richfield, MN 55423 part of the public record for his appeal. • Status: Sold List Price: $489,000 Sold Price: $407,500 Original List Price: $599,900 0 • Image 1 of 6 UnT • 31 r 3 a 7 v, • .� N ;G Ln 32 j a 3' c u • n E W 65th S • ; 2401 W 66th Str oc • X 53 32 53 W 66th St Richfield 3 LA W 67th St • k =. , Q N r = W 68th St o • 10 21 .6. ~ '^ • : = 32 n v `^ W 69th St a X • 02010 MicrosoRCorp 02008 NdVTEQ,andjorTele Has,Inc. a Y • rtl • r. • Map Page: 120 Map Coord: B4 Directions: • Located On The S/W Corner Of 66th & Queen 1 Bilk W Of 66th & Penn & 8 Blks • W Of Southdale. • W (Click icon for Virtual Earth Map) • MLS Area: 378 - Richfield TAX INFORMATION Style: Office Property ID: 2902824410013 • Current Use: Professional Service Tax Year: 2009 Const Status: Previously Owned Tax Amt: $19,088 •Total Units: 1 Assess Bal: $ Foundation Size: 3,000 Tax w/assess: $19,088 • Building FinSgFt: 4,932 Assess Pend: .Year Built: 1965 Homestead: No Acres: 0.240 • Lot Dimensions: 94X88X129X53X35 Off Market Date: 11/15/2010 • Projected Close Date: 12/15/2010 • Date Closed: 11/19/2010 *General Property Information Legal Description: Lot 001 Block 002 Tingdale Bros Lincoln Hills Lot 1 And E 33 Ft Of Lot 2 County: Hennepin *School District: 280 - Richfield280 - Richfield •Complex/Dev/Sub: Lot Description: Road Frontage: Zoning: Business/CommerOwner Occupied: •Accessibility: None •Public Remarks: Well loc. at 66th & Penn-near Southdale, Best Buy Hdqtrs & 62,35 &100. Updates incl: new roof, security, hear/air, remodeled interior w/ open fir plan & KIT. Great signage, off street parking. Great owner occupied or multi tenant office bldg. •Owner is an Agent?: No 0 I Foreclosure?: No Lender Owned?: No Potential Short Sale?: No *Structure Information •Heat: Forced Air Exterior: Brick/Stone •Fuel: Natural Gas Fencing: �Ittp://matrix.northstarmis.com/Matrix/Public/PortaiDisplayPi-int.aspx?AG=30774&L=1 4/16/2011 Northstar MLS Matrix Page 2 of Air Cond: Roof: Garage: Water: City Water/Connected • 0th Prkg: 18 Sewer: City Sewer/Connected Parking Char: Covered, Uncovered/Open Utilities: Heating Separate The following MLS documentation was . Miscellaneous: printed, discussed and submitted to the Sale Includes: Building, Fixture/Equipment Local Board of Appeal and Equalization Appliances: • No. of Ranges: by Randi Erickson-Coldwell Banker as No. of Refrig: part of the public record for his appeal. • Basement: Pool: • Amenities-Unit: . Units No. of Efficiencies: No. of 1 Room Units: No. of 5 Room Units: No. of 1 Bedroom Units: No. of 2 Room Units: No. of 6 Room Units: • No. of 2 Bedroom Units: No. of 3 Room Units: No. of 7 Room Units: • No. of 3 Bedroom Units: No. of 4 Room Units: Total Units: 1 Financial • Sellers Terms: Conventional, Cash • Existing Mortgage Information • Existing Mortgage Amt: Secondary Financing: Principal/Interest: Loan Origination Date: . Interest Rate: Expenses • Owner Expense: Tenant Expense: Annual Electric Expense: Annual Repair Expense: • Annual Fuel Expense: Annual Trash Expense: Annual Insurance Expense: Annual Water/Sewer Expense: • Annual Maintenance Expense: Annual Caretaker Expense: Annual Gross Expense: • Total Annual Expenses: • Income Annual Gross Income: $1 Annual Net Income: $1 • Monthly Rent, 1 Room Units: Annual Rent, 1 Room Units: Monthly Rent, 2 Room Units: Annual Rent, 2 Room Units: • Monthly Rent, 3 Room Units: Annual Rent, 3 Room Units: • Monthly Rent, 4 Room Units: Annual Rent, 4 Room Units: Monthly Rent, 5 Room Units: Annual Rent, 5 Room Units: • Monthly Rent, 6 Room Units: Annual Rent, 6 Room Units: Monthly Rent, 7 Room Units: Annual Rent, 7 Room Units: • Monthly Misc. Income: Annual Misc. Income: • Information Deemed Reliable But Not Guaranteed. Copyright (c) 2011 Regional Multiple Listing Service of Minnesota., Inc. • All Rights Reserved. • http://matrix.northstarmis.com/Matrix/Public/Porta]DisplayPrint.aspx?AG=30774&L=1 4/16/2010 •Northstar MLS Matrix Page I of 1 • • 2401 W 66th Street , Richfield, MN 55423 MLS Number: 3650049 AM • f' • • • i • • • • • • The following MLS documentation was • printed, discussed and submitted to the • Local Board of Appeal and Equalization • by Randi Erickson-Coldwell Banker as • part of the public record for his appeal. �ttp://matrix.northstarmis.com/Matrix/Public/PhotoPopup.aspx`?L=1&TID=3&key=3230694&mtid=l&n... 4/16/2011 Northstar MLS Matrix Page 1 of 2 • The following MLS documentation was . This report prepared for you by Randi Erickson printed, discussed and submitted to the Local Board of Appeal and Equalization • Customer Full Display, Commercial/Mixed Use, MLS #: 3909919 by Randi Erickson-Coldwell Banker as part of the public record for his appeal. F- 826 4th St S, Stillwater, MN 55082 • Status: Sold List Price: $349,000 Sold Price: $313,700 Original List Price: $389,000 • Image 1 of 10 • W Olwe St 23 •; W Oak St t V$0 SL 95 Lake St W Yo 5' 36 Croak W WAard St - " 826 4th Street `^ $ 23 v, 1 = Stillwater �^ a N n � , E Marsh St un t r a W Orleans St `^ `^ 23 • ®2010 MicrosoRCoip®2008 NAVTEQ,and jorTele Alas,In*.64th St N • „ �`�Jf4� �*,���� 11 Map Page: 97 Map Coord: A2 Directions: • Hwy 36 To Stillwater, Take A Right On Forth St, Property Sits On Corner Of • Forth & Churchill W (Click icon for Virtual Earth Map) MLS Area: 727 - Stillwater/Bayport TAX INFORMATION Style: Business Opportunity, Office Property ID: 3303020120013 • Current Use: Beauty/Barber Shop, Business Ser, Tax Year: 2009 Const Status: Previously Owned Tax Amt: $8,805 • Total Units: 5 Assess Bal: $49 Foundation Size: 5,000 Tax w/assess: $8,854 • Building FinSgFt: 5,000 Assess Pend: • Year Built: 1920 Homestead: No Acres: 0.170 • Lot Dimensions: 75 x 102 Off Market Date: 08/18/2010 Projected Close Date: 12/31/2010 • Date Closed: 12/03/2010 .General Property Information Legal Description: Churchill Nelson Slaughter Add Lot-014 Block-005 S 15 Ft Of Lot 14 & All Of Lot 15 County: Washington School District: 834 - Stillwater834 - Stillwater •Complex/Dev/Sub: Lot Description: Corner Lot • Road Frontage: City Zoning: Business/CommerOwner Occupied: •Accessibility: None • Public Remarks: Existing 1,100 s.f. of vacant space could be owner occupied or leased out. Existing tenants add cash flow. Well maintained brick building on busy corner street in Stillwater. See supplements attached. •Owner is an Agent?: No In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No •Structure Information •Heat: Forced Air, Hot Water Exterior: Brick/Stone •Fuel: Natural Gas, Electric Fencing: •Air Cond: Central Roof: Rubber •h ttp://matrix.northstarmis.com/Matrix/Public/PortaiDisplayPrint.aspx?AG=30774&L=1 4/16/2011 Northstar MLS Matrix Page 2 of Garage: 3 Water: City Water - In Street The following 0th Prkg: 3 Sewer: City Sewer/Connected MLS documentation was Parking Char: Attached Garage, Driveway - Asphalt printed, discussed and submitted to the . Utilities: Heating Common, Electric Common, Hot Water Common Local Board of Appeal and Equalization • Miscellaneous: Overhead Doors by Randi Erickson-Coldwell Banker as Sale Includes: Building, Leases Appliances: part of the public record for his appeal. , No. of Ranges: No. of Refrig: Basement: • Pool: Amenities-Unit: • Units No. of Efficiencies: No. of 1 Room Units: No. of 5 Room Units: No. of 1 Bedroom Units: No. of 2 Room Units: No. of 6 Room Units: No. of 2 Bedroom Units: No. of 3 Room Units: No. of 7 Room Units: • No. of 3 Bedroom Units: No. of 4 Room Units: Total Units: 5 • Financial Sellers Terms: Conventional Existing Mortgage Information e Existing Mortgage Amt: Secondary Financing: • Principal/Interest: Loan Origination Date: Interest Rate: • Expenses Owner Expense: Taxes, Insurance, Water/Sewer, Electric • Tenant Expense: • Annual Electric Expense: Annual Repair Expense: Annual Fuel Expense: Annual Trash Expense: • Annual Insurance Expense: Annual Water/Sewer Expense: Annual Maintenance Expense: Annual Caretaker Expense: • Annual Gross Expense: Total Annual Expenses: • Income Annual Gross Income: $51,000 Annual Net Income: $25,848 • Monthly Rent, 1 Room Units: Annual Rent, 1 Room Units: • Monthly Rent, 2 Room Units: Annual Rent, 2 Room Units: Monthly Rent, 3 Room Units: Annual Rent, 3 Room Units: • Monthly Rent, 4 Room Units: Annual Rent, 4 Room Units: Monthly Rent, 5 Room Units: Annual Rent, 5 Room Units: . Monthly Rent, 6 Room Units: Annual Rent, 6 Room Units: Monthly Rent, 7 Room Units: Annual Rent, 7 Room Units: Monthly Misc. Income: Annual Misc. Income: . Information Deemed Reliable But Not Guaranteed. Copyright (c) 2011 Regional Multiple Listing Service of Minnesota., Inc. O All Rights Reserved. . • • • • • • • http://matrix.northstarmis.com/Matrix/Public/PortaiDisplayPrint.aspx?AG=30774&L=1 4/16/201 10 M M___ •Northstar MLS Matrix The following MLS documentation was Page l of 2 • printed, discussed and submitted to the 826 4th Street S, Stillwater, MN 55082 Local Board of Appeal and Equalization MLS Number: 3909919 by Randi Erickson-Coldwell Banker as • part of the public record for his appeal. • tiA • • f • �� • • 1t t • 1 . • • • • 0r • • • �� , _ it • • • • • �ittp://matrix.northstarmis.com/Matrix/Public/PhotoPopup.aspx`?L=I&TID=3&key=3419105&mtid=l&n... 4/16/2011 0 11 M 0 Northstar MLS Matrix Page 2 of 44 826 4th Street S, Stillwater, MN 55082 • MLS Number: 3909919 TI • • t rrTTT � • • • NortkstarMLS.Com • 1,100 s.f. for lease • ab • • • 1,100 s.f. for lease front door of for lease space • The following MLS documentation was printed, discussed and submitted to the • Local Board of Appeal and Equalization • by Randi Erickson-Coldwell Banker as . part of the public record for his appeal. • • • • • • • • • • • http://matrix.northstarmis.com/Matrix/Public/PhotoPopup.aspx?L=1&TID=3&key=3419105&mtid=l&n... 4/16/20110 • ONorthstar MLS Matrix Page 1 of 2 • The following MLS documentation was • This report prepared for you by Randi Erickson printed, discussed and submitted to the Local Board of Appeal and Equalization •Customer Full Display, Commercial/Mixed Use, MLS #: 3644750 by Randi Erickson-Coldwell Banker as p F- 12740 Aberdeen St NE, Blaine, MN 55449 art of the public record for his appeal. • Status: Sold List Price: $160,000 Sold Price: $155,000 Original List Price: $350,000 . Image 1 of 1 Ostman's Mcru"Al Park 1 MapPoint' � 1-30th 42 NE r o 129th Ave NE • 4 c -c I 12740 Aberdee 127th Ln NE • v Blaine Broken • Oak Park w l w J v � 242 125th Ave GIE 4 'Johr7sville 14 N • +ice 1 124th Ln NE _ .- '° ®2008 Microsoft Coip 02007 NAVTEQ,and/orTele Atlas,Inc. {y Map Page: 51 Map Coord: A4 . Directions: • Hwy 65 North To 242 East To Service Rd. North To Aberdeen • %V (Click icon for Virtual Earth Map) •MLS Area: 764 - Blaine TAX INFORMATION Style: Business Opportunity, Office Property ID: 053123420098 Current Use: Professional Service, Vacant Tax Year: 2009 •Const Status: Previously Owned Tax Amt: $13,279 Total Units: 1 Assess Bal: $259 •Foundation Size: 3,900 Tax w/assess: $13,539 Building FinSgFt: 6,355 Assess Pend: •Year Built: 1987 Homestead: No Acres: 0.400 *Lot Dimensions: 100X178 Off Market Date: 05/28/2010 Projected Close Date: 07/19/2010 .Date Closed: 07/15/2010 *General Property Information .Legal Description: Lot 6 Block 4 Pioneer Village 2nd Add, Subj To Easement Of Record ,County: Anoka School District: 11 - Anoka-Hennepinll - Anoka-Hennepin !Complex/Dev/Sub: Lot Description: *Road Frontage: *Zoning: Business/CommerOwner Occupied: Accessibility: None *Owner Remarks: Owner is an Agent?: No •In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Structure Information •Heat: Forced Air Exterior: Other Fuel: Natural Gas Fencing: None *Air Cond: Central Roof: 6Garage: Water: City Water/Connected 0th Prkg: 12 Sewer: City Sewer/Connected •Parking Char: Other Utilities: Heating Common, Electric Common 0 �ttp://matrix.northstarmis.conVMatrix/Public/Portal Display Print.aspx?AG=30774&L=1 4/16/2011 Northstar MLS Matrix Page 2 of Miscellaneous: . Sale Includes: Building The following MLS documentation was Appliances: None 40 No. of Ranges: printed, discussed and submitted to the No. of Refrig: Local Board of Appeal and Equalization • Basement: Full, Finished (Livable) by Randi Erickson-Coldwell Banker as Pool: Amenities-Shared: None part of the public record for his appeal. Amenities-Unit: None • Units • No. of Efficiencies: No. of 1 Room Units: No. of 5 Room Units: • No. of 1 Bedroom Units: No. of 2 Room Units: No. of 6 Room Units: • No. of 2 Bedroom Units: No. of 3 Room Units: No. of 7 Room Units: No. of 3 Bedroom Units: No. of 4 Room Units: Total Units: 1 • Financial Sellers Terms: Conventional, Cash Existing Mortgage Information Existing Mortgage Amt: Secondary Financing: • Principal/Interest: Loan Origination Date: . Interest Rate: Expenses Owner Expense: Tenant Expense: • Annual Electric Expense: Annual Repair Expense: Annual Fuel Expense: Annual Trash Expense: • Annual Insurance Expense: Annual Water/Sewer Expense: • Annual Maintenance Expense: Annual Caretaker Expense: Annual Gross Expense: • Total Annual Expenses: Income • Annual Gross Income: $ • Annual Net Income: $ • Monthly Rent, 1 Room Units: Annual Rent, 1 Room Units: Monthly Rent, 2 Room Units: Annual Rent, 2 Room Units: Monthly Rent, 3 Room Units: Annual Rent, 3 Room Units: Monthly Rent, 4 Room Units: Annual Rent, 4 Room Units: • Monthly Rent, 5 Room Units: Annual Rent, 5 Room Units: Monthly Rent, 6 Room Units: Annual Rent, 6 Room Units: • Monthly Rent, 7 Room Units: Annual Rent, 7 Room Units: Monthly Misc. Income: Annual Misc. Income: . Information Deemed Reliable But Not Guaranteed. Copyright (c) 2011 Regional Multiple Listing Service of • Minnesota., Inc. • All Rights Reserved. • • • • http://matrix.northstarmis.com/Matrix/Public/Porta]DisplayPrint.aspx?AG=30774&L=1 4/16/20110 S *Northstar MLS Matrix Page I of 2 • The following MLS documentation was . This report prepared for you by Randi Erickson printed, discussed and submitted to the Local Board of Appeal and Equalization • Customer Full Display, Commercial/Mixed Use, MLS u: 3667617 by Randi Erickson-Coldwell Banker as • 1575 1st Ave E, Cambridge, MN 55008 part of the public record for his appeal. • Status: Sold List Price: $375,000 Sold Price: $280,500 Original List Price: $399,900 • Image 1 of 7 p .r z 1575 1st Avenil • 95 65 — MN-95-NE 96 • �f 2 Cambridge f • 02009 MiciosoRCoip 02008 Noymand forkle Atlas,Inc. . Map Page: 229 Map Coord: B4 ~ Directions: • Cambridge: Located On The South Side Of Hwy 95, Just East Of Hwy 65. • W (Click icon for Virtual Earth Map) • MLS Area: 783 - Cambridge TAX INFORMATION Secondary Area: 782 - Isanti/Chisago Property ID: 150900010 Style: Business Opportunity, Office, Retai Tax Year: 2009 • Current Use: Business Service, Professional Seri Tax Amt: $14,802 Const Status: Previously Owned Assess Bal: $ Total Units: 1 Tax w/assess: $14,802 Foundation Size: 6,000 Assess Pend: • Building FinSgFt: 5,430 Homestead: No Year Built: 1979 • Acres: 1.160 Lot Dimensions: 436x117x54x82 Off Market Date: 04/09/2010 Projected Close Date: 05/21/2010 Date Closed: 05/11/2010 •General Property Information Legal Description: East Highway Business District Lot-001 Block-001 1.16 Ac County: Isanti School District: 911 - Cambridge-Isanti911 - Cambridge-Isanti •Complex/Dev/Sub: East Highway Business Dist. Lot Description: Irregular Lot, City Bus (w/in 6 blks) •Road Frontage: State Zoning: Business/CommerOwner Occupied: Accessibility: Ramp, Hallways/Doors, Other •Lake/Waterfront: Pond Lake/WF Name: Public Remarks: Exceptional commercial building in the heart of ! Cambridge's growing retail/service area. Near Walmart, • Menards, Cub, Target, Office Max and future Lowe's/Kohl's. Very busy road frontage on State Hwy 95. For Sale or Lease. Owner is an Agent?: No •In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No *Structure Information •Heat: Forced Air Exterior: Metal/Vinyl, Brick/Stone •Fuel: Natural Gas Fencing: Partial ttp://matrix.northstarmis.com/Matrix/Public/Portal Di splayPi-i nt.aspx?AG=30774&L=1 4/16/2011 I E____ 0 Northstar MLS Matrix Page 2 of Air Cond: Central Roof: Pitched, Age Over 8 Years, Metal • Garage: Water: City Water/Connected Oth Prkg: 30 Sewer: City Sewer/Connected ,• The following MLS documentation was Parking Char: Driveway - Gravel, Driveway -Asphalt Utilities: Heating Separate, Electric Separate, Hot Water Common printed, discussed and submitted to the • Miscellaneous: 220 volt Local Board of Appeal and Equalization Sale Includes: Building, Land Appliances: None by Randi Erickson- Coldwell Banker as No. of Ranges: part of the public record for his appeal. No. of Refrig: • Basement: None Pool: . Amenities-Shared: Concrete Floors & Walls • Amenities-Unit: Local Area Network, Multiple Phone Lines Units • No. of Efficiencies: No. of 1 Room Units: No. of 5 Room Units: . No. of 1 Bedroom Units: No. of 2 Room Units: No. of 6 Room Units: No. of 2 Bedroom Units: No. of 3 Room Units: No. of 7 Room Units: No. of 3 Bedroom Units: No. of 4 Room Units: Total Units: i • Financial • Sellers Terms: Conventional, Contract for Deed, Cash, Other • Existing Mortgage Information Existing Mortgage Amt: Secondary Financing: • Principal/Interest: Loan Origination Date: Interest Rate: • Expenses Owner Expense: • Tenant Expense: • Annual Electric Expense: Annual Repair Expense: Annual Fuel Expense: Annual Trash Expense: • Annual Insurance Expense: Annual Water/Sewer Expense: Annual Maintenance Expense: Annual Caretaker Expense: • Annual Gross Expense: • Total Annual Expenses: Income Annual Gross Income: $ . Annual Net Income: $ Monthly Rent, 1 Room Units: Annual Rent, 1 Room Units: Monthly Rent, 2 Room Units: Annual Rent, 2 Room Units: Monthly Rent, 3 Room Units: Annual Rent, 3 Room Units: • Monthly Rent, 4 Room Units: Annual Rent, 4 Room Units: • Monthly Rent, 5 Room Units: Annual Rent, 5 Room Units: Monthly Rent, 6 Room Units: Annual Rent, 6 Room Units: • Monthly Rent, 7 Room Units: Annual Rent, 7 Room Units: Monthly Misc. Income: Annual Misc. Income: Information Deemed Reliable But Not Guaranteed. Copyright (c) 2011 Regional Multiple Listing Service of Minnesota., Inc. All Rights Reserved. http://matrix.northstarmis.com/Matrix/Public/PortalDisplayPrint.aspx?AG=30774&L=1 4/16/2010 a, (i 111 I�IfVua',1'V�iii+,�ia�r��4lfi i��y�!li�i++�!!+�If�itl!4�VI+�ir4��fa��¢�d'fjr}d�if`vd� MINNESOTA. REVENUE Local Board of Appeal and Equalization Handbook 2009 Update • • i i i i i ' i ' i i i i i • ' i • i i • • This handbook was created to satisfy the requirement under i Minnesota Statutes, Section 274.014, subdivision 1. • July 2009. • • i i • i Table of Contents • • Introduction............................................................................................................................................3 Purposeof the local board...................................................................................................................................................3 Training for Local Boards of Appeal and Equalization.................................................................................................3 Theimpetus for the legislation............................................................................................................................................................3 Compliancerequirements.....................................................................................................................................................................4 Failureto comply.............................................................................................................................:....................................................4 Role of the local board in the assessment process.........................................................................4 Marketvalue..........................................................................................................................................................................5 • Estimatedmarket value........................................................................................................................................................................5 Taxablemarket value...........................................................................................................................................................................6 Classification............................................................................................ 6 ........................................................................................ Split-class property.............................................................................. ....................................7 Overviewof the assessment process........................................................... .. ..... ......... ............................................7 Assessorestimates value......................................................................................................................................................................8 Threeapproaches to value....................................................................................................................................................................8 Assessordetermines classification.......................................................................................................................................................9 Assessor reviews sales ratio....................................................................................................................... 9 • ........... .............. Thesales ratio study......................................................................... Assessornotifies taxpayer..................................................................................................................................................................10 Assessor meets with State Board of Equalization.............................................................................................................................10 Localboard meeting...........................................................................................................................................................11 Whomust attend the meeting............................................................................................................................................................ 11 Meetingdates and times for the local board......................................................................................................................................l l Documentinglocal board actions........................................................................................................... 12 ............................................ Required forms for documenting board actions...............................................................................................................................12 Dutiesof the local board.....................................................................................................................................................13 Changes within 10 days of local board meeting...............................................................................................................................13 • What the board can do.......................... .... ........ 13 .......... ..... ......... .............................................................................................. Whatthe board can't do......................................................................................................................................................................14 Recommendationsfor local board members..................................................................................................................15 Become familiar with sales information prior to local board meeting.................. 15 Dutiesof the clerk................................................................................................................................................................15 Legal and policy reasons for fair and impartial appeal and equalization hearings...................16 Legal reasons for fair and impartial local board meetings..........................................................................................16 Policyreasons for fair and impartial local board meetings.........................................................................................16 Local board meeting procedures that foster fair and impartial assessment reviews and other best practices recommendations......................... 17 Meetingprocedures............................................................................................................................................................17 Theboard should run the meeting............................................................... ..................................................................................17 • Establishground rules for the meeting..............................................................................................................................................17 All proceedings must be public....................................................................... .........18 ........................................................................... Makeappellants feel comfortable......................................................................................................................................................18 • Dealing with angry or difficult property owners...............................................................................................................................18 Hearingappeals...................................................................................................................................................................................18 Table of Contents . Review process,not value-reduction process...................................................................................................................................19 • Recess or adjourn................................................................................................................................................................................19 • Decisions.............................................................................................................................................................................................19 Appealsmust be substantiated by facts.............................:...............................................................................................................20 Bestpractices recommendations......................................................................................................................................21 Have appellants call for appointments...............................................................................................................................................21 Timelimits for presenting appeals.....................................................................................................................................................21 Hearall appeals first............................................................................................................................................................................21 Conducting other business at the local board meeting.....................................................................................................................22 Notifying property owners of decisions............................................................................................................................................22 Quorum requirements for local boards................. ..................22 • Quorum must be present...................................................................................................................................................22 Whatconstitutes a quorum?...............................................................................................................................................................22 • Assessor's role when a quorum is not present..................................................................................................................................23 Arriveon time for the meeting...........................................................................................................................................................23 Explanations of alternate methods of appeal..................................................................................23 Openbook meetings...........................................................................................................................................................23 Benefitsfor the property owner.........................................................................................................................................................24 • Benefits for the local board................................................................................................................................................................25 Benefitsfor the county........................................................................................................................................................................25 Option 1:Transferring assessment and local board duties to the county........................................................................................25 Option 2:Transferring local board duties to the county...................... ....25 ......................................................................................... Otheralternate methods of appeal...................................................................................................................................26 • Special Boards of Appeal and Equalization......................................................................................................................................26 TaxCourt.............................................................................................................................................................................................26 Appendix...............................................................................................................................................27 • Glossary................................................................................................................................................................................27 • Duties of local and county boards.......................................................... ................................ .................................30 • How value changes affect taxes.........................................................................................................................................31 Recommended format to notify appellants of local board decisions..........................................................................32 Frequentlyasked questions by local board members...................................................................................................33 Frequentlyasked questions by property owners...........................................................................................................34 Handoutsfor property owners.........................................................................................................................................34 • Note: This handbook is designed to provide information to city and town boards or special boards serving as the Local Board ofAppeal and Equalization. This handbook mentions local, city and county assessors. The specific responsibilities of the local,city and county assessor may differ from one jurisdiction to the next.Not all jurisdictions have a local assessor.For example,counties with a true county assessing system (all assessments are done by the county)will not have a local assessor.In counties having a city of the first class, the powers and duties of the county assessor within such city shall be performed by the duly appointed city assessor.In all other cities having a population of 30,000 persons or more, • according to the last federal census(except in counties having a county assessor prior to January 1, 1967), the powers . and duties of the county assessor within these cities will be performed by a duly appointed city assessor. The county assessor will, however, retain the supervisory duties contained in M.S.273.061,subdivision 8.For example, the county assessor may provide sales information for the local boards in the entire county, or a city assessor may be responsible for . providing the information for the local board in a city that has an appointed city assessor.If the local board has questions • about the division of assessor duties in the jurisdiction,please contact the county assessor for clarification. i • Table of Contents Introduction Purpose of the local board i The purpose of the Local Board of Appeal and The goal of the Local Board of Appeal and Equalization Equalization is to provide a fair and objective forum should be to attempt to address property owners'issues for property owners to appeal their valuation or efficiently,fairly and objectively. classification. The local board often serves as the • first formal step in the appeals process for taxpayers. Always keep in mind that any changes made by the board must be substantiated by facts.Any One of the most important duties placed by law upon the value reductions must be justified because they • governing body of a township or city is to serve as the have the effect of shifting the tax burden to other . Local Board of Appeal and Equalization.Effective property in the jurisdiction. Further,any changes actions taken by the local board may potentially make a made by the local board must meet statutory direct contribution to attaining assessment equality. guidelines. • Training for Local Boards of Appeal and Equalization Legislation enacted in the 2003 session requires that there be at least one member at each meeting of a Local Does "training" • • Board of Appeal and Equalization(beginning with the , 2006 local boards)who has attended an appeals and • equalization course developed or approved by the Training for Local Boards of Appeal and Commissioner of Revenue within the last four years. Equalization is not a new concept.From 1947 to 1979,Local Boards of Appeal and Equalization , Many long-standing local board members are in their (man referred to as local boards of review)were second four-year certification cycle. They may have required by law to attend an instructional meeting at • also attended additional appeals and equalization courses the county.In 1979,Minnesota Statutes, as a refresher. This handbook and the accompanying presentation have been updated to provide additional Section 273.03,subdivision 1 read as follows: . useful information to help the local board members "The assessors and at least one member of each • better understand the overall assessment process and local board of review shall meet at the office of their role within it the county auditor on a day to be fixed by the commissioner of taxation for the purpose of , The impetus for the legislation receiving instructions as to their duties under . The 2003 legislation was enacted as a response to the laws of the state." 0 complaints that were directed to the Governor, Legislature and Department of Revenue.The legislature While training or instructional meetings may not be determined that training was needed to address the a"new"idea,the 2003 legislature determined that • procedural shortfalls of some local boards.This training training for Local Boards of Appeal and will provide information and education for local board Equalization was necessary to explain and clarify the • members that will make the process more efficient and role and duties of the local board to help ensure that result in a better overall experience for both property property owners receive a fair and impartial review • owners and local board members. of their valuation and classification. Introduction • • • • • The appeals and equalization course details the Failure to comply responsibilities,procedures and requirements of the Any city or town that fails to meet the compliance • Local Board of Appeal and Equalization.The legislation requirements by December lof each year is deemed to also requires the Commissioner of Revenue to develop a transfer its powers to the County Board of Appeal and • handbook to be reviewed during this course.This Equalization for the following assessment year. • handbook includes: • ■ The role of the local board in the The Notice of Valuation and Classification must notify assessment process; property owners when the Board of Appeal and ■ Legal and policy reasons for fair and impartial Equalization for a city or town has been transferred to appeal and equalization hearings; the county for failure to comply with these requirements. ■ Meeting procedures that foster fair and Instead of a Local Board of Appeal and Equalization impartial assessment reviews and best meeting,property owners must be provided with a practices recommendations; procedure for reviewing their assessments,such as open ■ Quorum requirements for local boards;and book meetings,prior to the meeting of the County Board • ■ Explanations of alternate methods of appeal. of Appeal and Equalization.This alternate review • process will take place in April and May. Compliance requirements A local board whose powers are transferred to the county All cities and towns must certify to the county assessor for failing to meet these requirements may be reinstated by December 1 of each year that: by resolution of the governing body of the city or town ■ At least one voting member at each local board and upon proof that one of the members of its Local • meeting has attended the appeals and equalization Board of Appeal and Equalization has attended the course within the last four years;and appeals and equalization course.The resolution and proof • must be provided to the county assessor by December 1 • ■ A quorum was present at each local board meeting to be effective for the following assessment year. in the prior year. • Note: The citation for the appeals and equalization • course and meeting requirements for local boards is • Minnesota Statutes,Section 274.014. • • Role of the local board in the assessment process • • The Local Board of Appeal and Equalization has the In order to make an informed decision on the valuation authority to change the valuation or classification of a or classification of a property,it is important to property for the current assessment year.Taxes or understand the concepts of valuation and classification. • prior year assessments are not within the jurisdiction These two concepts are equally important in the Of the local board. assessment process. They are both determined on the assessment date,January 2,each year. • Any decisions made by the local board must be • supported by facts and by Minnesota law. The board We will look at the definition of market value and must make informed decisions and ensure all explain how classifications are determined. • taxpayers are treated fairly and uniformly. • • • • • • Role of the local board in the assessment process • Market value • State law requires that all property shall be valued at its market value(Minnesota Statutes,Section 273.11, Market value subdivision 1). Minnesota Statutes,Section 272.03,subdivision 8 defines The 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 • not be considered." assessor shall not adopt a lower or different standard of value because the same is to serve as Many professional appraiser/assessor organizations a basis of taxation,nor shall the assessor adopt have a more detailed definition of market value.The as a criterion of value the price for which such would sell at a orced sale or in the property .f elements of these definitions can be used to clarify the • statutory definition. aggregate with all the property in the town or district;but the assessor shall value each allicle • The definition of market value usually implies the or description ofproperty by itself,and at such consummation of a sale as of a specific date under the sum or price as the assessor believes the same to be fairly worth in money. following conditions: • • The buyer and seller are typically motivated; The law provides that all property must be valued at • Both parties are well informed or well advised and market'value,not that it may be valued at market value. both are acting in what is considered to be their own This means that factors other than market value issues • best interest; (such as personalities or politics)should not affect the • • A reasonable time is allowed for exposure in the market value determined by the assessor.Non-market open market; value factors also should not affect the actions of the • Payment is made in cash or its equivalent; Local Board of Appeal and Equalization. • Financing,if any,is on terms generally available in the community on the specified date and typical for Estimated market value I the property type in its locale;and The value determined by the assessor as the price • The price represents a normal consideration for the the property would likely sell for on the open property sold unaffected by special financing market is called the estimated market value(EMV). • amounts and/or terms,services,fees,costs or credits This value is determined on the assessment date, incurred in the transaction. January,2 of each year. In other words,market value is the price that would The EMV for the current assessment year is the tend to prevail under typical,normal competitive open only value property owners may appeal to the market conditions. local board,even though taxpayers will also be given a taxable market value. . Role of the local board in the assessment process • • Taxable market value legislature as an attempt to"limit"the increase a Taxable market value(TMV)is the value that property property owner could be taxed on each year.The • taxes are actually based on,after all reductions,limitations, limited market value provisions expired starting with • exemptions,exclusions and deferrals. the 2009 assessment. • There are many programs and provisions in Minnesota law An unintended consequence of limited market values is • that allow for a property's EMV to be different from its that they caused unequal taxation on different types of TMV.For example,qualifying veterans who are disabled property—or even on similar properties.It was possible receive an exclusion of up to$150,000 or$300,000 of their for two very similar properties with identical EMVs to • property's EMV.This reduction is reflected in their TMV. have substantially different property tax bills due to this • limitation. Other programs and provisions to be aware of include the iAgricultural Property Tax Law(Green Acres),the Rural The local board cannot change the TMV of a • Preserve Property Tax Program(effective for the 2011 property.The only value the local board has the assessment)and Plat Deferment.If you have questions authority to change is the EMV for the current year. about these or any other programs,speak with your county Changing the EMV may ultimately change the TMV, assessor. but it is important to note that there can be instances where the board raises or lowers the EMV,and the One provision in Minnesota law that often caused TMV remains the same. . significant differences between an EMV and a TMV was the limited market value.This value was created by the Classification i • In Minnesota,property is classified according to its actual use on the assessment date(January 2 of each Classification year).If 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 classification to all property based upon the actual Property owners do not get to choose how they want use of the property on January 2 of each year. Stheir property to be classified.It is the assessor's job to Examples of Minnesota property classes include classify property consistent with Minnesota Statutes, residential,agricultural,commercial-industrial, according to its current use or its most probable, apartment and seasonal residential recreational. highest and best use. • unimproved land based upon the use of surrounding land • When determining the most probable,highest and best or land in proximity to the unimproved land. use for a property that is not being used,zoning may • be an influencing factor in the classification of the Property classifications are defined in Minnesota Statutes. • property;however,it is not the sole factor. Examples of classifications include residential homestead, Additionally,all real property that is not improved residential non-homestead,apartment,commercial and with a structure must be classified according to its agricultural. • current use or its highest and best use permitted under • the local zoning ordinance if there is no identifiable The board can change the classification for the current current use.If zoning permits more than one use,the assessment year of any property which in the board's • land must be classified according to the highest and opinion is not properly classified.The classification must • best use permitted. be based on use,and in order for the board to change the classification,the owner must present evidence that the If no such zoning ordinance exists,the assessor shall property is used in a manner consistent with the consider the most likely potential use of the classification he/she is seeking. The board can only • Role of the local board in the assessment process • • • change the classification of a property to a It is important to remember that use—not zoning—is the • classification that is permitted by law. key factor in determining the classification of a property. • For example,a property owner has a parcel that is used as • For example,the assessor classifies a property as an auto repair shop.The assessor has the property residential.The owner seeks the agricultural classified as commercial.The property is zoned • classification.In order for the board to change the agricultural so the owner is seeking the agricultural • classification to agricultural,the owner must prove classification.Classification is based on use. Since the • that the property is used agriculturally and meets the property is used as an auto repair shop,it is properly statutory requirements of the agricultural class. classified as commercial.Therefore,the board must vote • to uphold the commercial classification. • Highest and best use Split-class property • A property can have more than one property tax • A principle of appraisal and assessment requiring that classification if it has more than one use.Such properties • each property be appraised as though it were being are called split-class properties.If this is the case,the • put to its most profitable use(highest possible present assessor will classify the different uses accordingly.For net worth),given probable legal,physical and example,when an owner-occupied farm also has a • financial constraints. structure that is used as a commercial repair shop for farm • equipment,the property is split classified agricultural Glossary for Property Appraisal and Assessment, homestead and commercial. • International Association of Assessing Officers, 1997. • • Overview of the assessment process • • The assessment of property determining the estimated market.The sales are from October 1 of two years prior • market value and classification—technically occurs on to the assessment year to September 30 of the year prior January 2(the assessment date)of each year.The work to the assessment year. In other words,sales from • and analysis required to make these estimations involves October 1,2008 to September 30,2009 are included in • several months before and after the assessment date, the study for the 2010 assessment.The Department of • however. Revenue,through the State Board of Equalization, conducts a similar sales ratio study to monitor the work • Most of the field inspections of real estate for the next of the assessors. • assessment begin in the summer and continue through the fall.For example,assessors will inspect properties Based on the field inspections and sales ratio study,all starting in the summer of 2009 for the January 2,2010 taxpayers are notified of their value and classification for • assessment.These inspections are when the assessor that January 2 assessment date in the spring of each year. , identifies and records the specific characteristics of each This notification initiates the appeals process that property being reviewed.These characteristics include continues until the}riddle of June at the local level. • square footage,condition of the property and number of • bedrooms,for example.Assessors gather a lot of Once the appeal process is complete,the assessor starts information to help them estimate each property's value work on the next assessment,and the entire cycle starts and determine its use for classification purposes.This again. • field inspection work is completed as the assessment date nears. The final value and classification for each property for • each assessment year is used in determining that • At about this same time,assessors start work on property's taxes in the following year. For example,the • analyzing sales and other market data in a sales ratio value and classification for the 2010 assessment,once study to help them estimate values.The sales included in finalized,is used to determine the taxes paid in 2011. • this sales ratio study should represent a typical open • • Role of the local board in the assessment process • Assessor estimates value • The assessor determines the approximate selling price When the assessor views the interior of a property, (or EMV)for each taxable parcel based on the he/she can make a more accurate assessment and Ali • conditions of the market on January 2 of each year. eliminate any guesswork.The assessor bases his/her • assessment on multiple factors,including size,age, The assessor is required by law to view each property at condition,quality of construction and other features such least once every five years.However,even if the as fireplaces. assessor did not physically visit a property for that The assessor compares the property to actual sales of • assessment year,the property is subject to valuation similar properties in the area to determine the EMV of a changes to reflect market conditions.The assessor is property. In addition to this approach to determining • required to estimate the market value as of January 2 of value,the assessor may also consider the cost to • each year to reflect current market conditions because construct the property or the income generated from the the real estate market is constantly changing— property. These techniques are often referred to as the • sometimes dramatically. • "three approaches to value." approaches Three The assessor applies one or more of the three approaches Cost approach:This approach is based on the principle ito value in estimating a property's value: of substitution which means that an informed buyer will • ■ Sales comparison approach; not pay more for a property than it would cost to build ■ Cost approach;and/or an acceptable substitute with comparable utility. ■ Income approach. • Using the cost approach,the assessor calculates market The assessor will consider all approaches to value,but value by estimating the current cost of replacing a one approach may be better suited than the others for structure with one having comparable utility then estimating the value of a particular property.In some subtracting depreciation and adding in the land's value. • cases,one or more approaches may not be applicable. The cost approach is most reliable when valuing new or Sales comparison approach:This approach is based on relatively new properties because the depreciation is • the reasoning that the value of a property is related to the minimal.Depreciation is the loss in value of a property, sale prices of similar properties in the same market. perhaps due to wear and tear or some other factor. Estimating the amount of depreciation can be difficult • Using this approach,the assessor identifies similar making the cost approach less reliable when valuing • properties that have recently sold and analyzes the older properties.The cost approach can be more useful differences between the subject and the comparable when valuing structures that are not frequently sold. properties.The sale price for each comparable sale is • adjusted to reflect the differences(i.e.the subject Income approach:This approach is based on the property has three bathrooms and the comparable reasoning that the value of the property is directly related property has two bathrooms,so the sale price of the to its ability to produce income.The property value is • comparable property is adjusted upward to make it more measured in relation to anticipated future benefits . similar to the subject property).The assessor then derived from ownership of the property. estimates the value based on the analysis of the • comparable sales. Using this approach,the assessor reviews income and • expense information for the subject property and The sales comparison approach is most applicable when estimates the market value of the property based upon there is sufficient sales data available for analysis.This the income stream projected to be derived from the • approach is most often used for residential properties.It property.This approach has limited applicability • is the most common and preferred method for valuing because it is only appropriate for income-producing vacant land when comparable sales data is available. properties such as commercial,industrial and • The sales comparison approach should be supported by apartments.The income approach is the primary • other approaches to value when comparable sales are approach for valuing income-producing properties. limited or unavailable. Role of the local board in the assessment process Assessor determines classification property and to complete sales ratio studies for each • Along with estimating the market value of each community and for each type of property.The ratio is property,the assessor must determine the classification, determined by dividing the EMV by the sale price.The • or use,of each parcel of property.Property assessor uses the sales as guides to estimate what similar • classifications are defined in Minnesota Statutes,and the properties would likely sell for on the open market.It is assessor classifies the property based on its use as of important to remember that one sale,taken by itself, January 2 of each year.Examples of classifications does not necessarily reflect the actual real estate market • include residential homestead,residential non- in a jurisdiction. • homestead,apartment,commercial and agricultural. In addition to the sales ratio study conducted by the • Assessor reviews sales ratio assessor,the Department of Revenue conducts a similar • independent sales ratio study for the jurisdiction to Assessors analyze the sales in a community in order to monitor how close the median ratio is to the required • understand local market trends and provide direction in level of assessment and is used by the State Board of • estimating values.Whenever real estate is sold for more Equalization.The Department of Revenue's sales ratio than$1,000 a certificate of real estate value(CRV)must studies should be the same or similar to the studies be filed in the county in which the property is located. conducted by the assessor. The assessor uses CRVs to analyze actual sales of • The sales ratio study The sales ratio study is a tool assessors use to help within each city or township(or neighborhood if determine values for properties.The study helps possible).Finally,statistics are computed to describe the assessors plan the upcoming assessment and evaluate information and determine results of the assessor's • the current assessment.If results of the study are not work. within acceptable guidelines,the assessor is required by law to either decrease or increase values so that they There are numerous calculations in a sales ratio study • more closely reflect the market. that describe the overall levels and quality of the • assessment.An important one is the sales ratio;it shows The sales ratio study period includes sales that have the relationship between the EMV and a property's sale • occurred in a twelve month period.For the January 2, price.It is the EMV divided by the sales price. • 2010 assessment,the assessor reviews sales that occur EMV between October 1,2008 and September 30,2009. By Sale Ratio Sale Price • ae design,there is a lag between the sale and when it is • used to help estimate value so it can be verified and The median sales ratio is the midpoint(middle)of all the reviewed for accuracy. individual ratios that are included for that property type in that city or township for that study period when they The assessor only considers sales that have been verified are put in order. • as typical and open market.This means the buyer and seller are typically motivated,both parties are acting in In Minnesota,this median sales ratio should be between their own best interests and a reasonable time is allowed 90%and 105%. This means that when all sales from • for marketing.According to state law,the assessor must that study period for that property type in that city or • not use sales that cannot be verified as open market township are put in order from smallest to largest ratio, sales.This means sales between family members,for the middle ratio should be between 90%and 105%. • example,are not included.This also means that • foreclosure sales are very rarely(if ever)included. hi Minnesota,six sales of each property type in each jurisdiction are required to complete a sales ratio study. The assessor completes a sales ratio study by gathering One sale is not enough evidence for the assessor to • basic data and screening and editing information to change values. The assessor uses other tools when there • make any adjustments and exclude all sales that do not are limited sales to study.In fact,just because a property represent arm's-length transactions.The remaining data sells does not mean its sale price should be its EMV. • is put into an acceptable format for processing(usually Assessors look at all sales in a study to arrive at • done by computer)and sorted by similar property types conclusions and value estimates in mass. Role of the local board in the assessment process i Assessor notifies taxpayer Assessor meets with State Board of Equalization The assessor notifies taxpayers of their values and The State Board of Equalization ensures assessors . classifications each year after they have been estimated follow approved appraisal and assessment practices • on the assessment date.This notification-the Notice of and reviews the results of the assessors'work in Valuation and Classification—must be mailed at least 10 estimating values.This board meets in June of every days prior to the Local Board of Appeal and year.The meeting,and any resulting changes,occurs Equalization meeting or 10 days prior to the open book only after a review of values and sales ratios and after . meeting(generally,this means that the notices are discussions with the county assessor,county assessors mailed in February or March of each year). in adjacent counties,and the Commissioner of • Revenue. At this point,the property owner can appeal the EMV and/or classification if he/she feels that the property is: The Department of Revenue,as the State Board of ■ classified improperly; Equalization,completes its own sales ratio studies—one valued at an amount higher than they could which is very similar to the assessor's study,plus two • sell the property for;and/or additional studies—to be sure values closely match the ■ valued at a level different from similar real estate market. properties in the area. The department has determined that a minimum of six sales in a jurisdiction are required for the median ratio to • The property owner should first contact the be reflective of actual assessment levels for its studies. assessor's office to discuss questions or concerns. There are some jurisdictions and property types that may Issues often can be resolved at this level.If questions or never have enough sales,for example small-town • concerns are not resolved after talking with the assessor, commercial properties.In these instances,the assessor • formal appeal options are available: and the State Board of Equalization may examine sales ■ Property owners may appeal to the Local Board of over a protracted period of time or borrow sales from Appeal and Equalization(some jurisdictions that other similar jurisdictions to help evaluate the • have transferred the local board duties to the assessment and estimate values. • county will have open book meetings instead of local board meetings); The State Board of Equalization completes this ■ If the property owner is not satisfied with the local verification statewide for each property type and . board's decision(or the outcome of the open book jurisdiction and can order changes to EMVs if the • meeting),he/she may then appeal to the County assessor's work does not comply with law and Board of Appeal and Equalization;and/or guidelines.If the study indicates that the median ratio ■ The property owner may appeal to Tax Court. is below 90 percent or above 105 percent,the • Commissioner of Revenue has the authority to The Notice of Valuation and Classification must provide increase or decrease values to bring about the property owner with the date,time and location of equalization. • the Local and County Boards of Appeal and Equalization. The equalization.process is designed not only to equalize values on a county-,city-and township-wide • basis but also to equalize values across county lines to • ensure a fair valuation process across taxing districts, county lines and by property type. State Board orders are usually on a county-,city-or township-wide basis for a particular classification of property.All State Board orders must be implemented by the county,and the changes are made to the current • assessment year. Role of the local board in the assessment process • • Local board meeting • • Who must attend the meeting In addition to the local assessor,the county assessor or • Per Minnesota Statutes,Section 274.01, one of his/her assistants is required to attend.The board subdivision 1,paragraph(a),the town board of a should ask the local and/or county assessors to present • town or the council or other governing body of a any tables that have been prepared,making comparisons • city is the Local Board of Appeal and Equalization, of the current assessments in the district.Either the local • except in the following situations: r county assessor is required to have maps and tables � g ons: relating particularly to cultural land values for the . gP Y � Cities whose charters provide for a board of • equalization; guidance of the Local Board of Appeal and Equalization. • ■ Cities or towns that have transferred their local The local board should be prepared to ask the local and • board duties to the county (see Chapter S); county assessors questions,and assessors should be • ■ Cities with Special Boards of Appeal and prepared to answer questions and provide information Equalization appointed by the governing body that will assist the board in its deliberations. • (see Chapter S);or , ■ Cities or towns whose local board duties have Meeting dates and times for the local board • been transferred due to noncompliance with The meeting date and time for the Local Board of the training requirements. Appeal and Equalization is set by the county assessor. • The county assessor must provide written notice of the • When a Local Board of Appeal and Equalization Pp q F date and time to the city or town clerk by ebnzary 15 of convenes a majority of the voting members(quorum) • J tY g (q �) each year.The clerk shall publish and post notice of the • must be in attendance in order for any valid action to meeting at least 10 days before the date of the meeting. be taken(see Chapter 4 for more information about • quorum requirements). The Local Board of Appeal and Equalization meeting • must be held between April 1 and May 31 of each year The local assessor is required b law to be P resent with q Y (unless he provisions of a charter vide otherwise).The his/her assessment books and papers.The local assessor s p c pro ) • local board must conduct its business and adjourn within • is required to take part in the proceedings to support his 20 days of the date stated in the published notice.Upon values or recommend a change,but the local assessor request,the Department of Revenue(at its discretion) • has no vote.He/she should be prepared to explain how may grant extensions beyond the 20-day time period to da • the value was detemuned,and in doing so,the assessor date no later than May 3 L • should be able to describe the characteristics of the property,such as:location and neighborhood,public or No changes may be made by the local board after . private restrictions on the property,building type and adjourning.The county assessor also may not make any size,quality of construction,age of the structure, changes in valuation or classification that are intended to • physical condition of the structure,total number of correct errors in judgment by the county assessor after rooms and total number of bedrooms and bathrooms, the local board has adjourned.However,the county • and market conditions,etc. assessor may make changes that are clerical in nature or changes that extend homestead treatment until the tax The local assessor should be knowledgeable about the g A list extension date for that assessment year. of all the ! local real estate market and the property in the area. changes made by the local board must be fully • While it is not the goal of the assessor to influence the documented and maintained in the assessor's office and board,the assessor should provide factual information to must be available for review by any person.A copy of • support the value and classification or to support a the changes made during this period in those cities or • recommended change to a subject property.The local towns that hold a local board must be sent to the county assessor also should be able to explain how the property board no later than December 31 of the assessment year. • classification was determined. • • Role of the local board in the assessment process ! • Documenting local board actions However,because of the manner in which many . Before adjourning,the Local Board of Appeal and counties submit this information,the Department of Equalization must prepare an official record of all actions Revenue has not been able to respond to requests for this taken by the board.Minnesota Statutes 274.0 1, information.Therefore,we are requiring that the subdivision 1,paragraph(e)requires,in part,that: counties provide the data in a format that is complete, "The board shall list separately, on a form appended readable and easily interpreted.Each county will be to the assessment boob all omitted property added to required to submit this information in an electronic the list by the board and all items ofproperty format as instructed by the Department of Revenue. • increased or decreased,with the market value of each item ofproperty,added or changed by the To ensure that the information is consistent from local ' • board,placed opposite the item." jurisdiction to local jurisdiction and from county to county,the Department of Revenue also is requiring that This means that the local board must prepare an official the local board complete the following two forms for record of the proceedings.The record must reflect all each Local Board of Appeal and Equalization meeting: • board actions.Therefore,the record must list all: • Local Board ofAppeal and Equalization ■ Assessments of property added to the tax rolls with Certification Form—must be completed and the market value for each; signed to verify that the quorum and training requirements were met and to provide a summary ■ Appeals brought before the board,indicating the of board actions;and . action taken by the board(including all appeals in • Local Board ofAppeal and Equalization Record which the board voted"no change"); • Form—must be completed to provide a detailed . ■ Assessments that have been increased or decreased report of the proceedings of the board. with the market value for each; ■ All classification changes;and The county assessor will provide these forms to the local . ■ All changes that the county assessor brought board.The local board will complete the forms(the • to the board for action,indicating the action jurisdiction total EMV is to be completed by the taken by the board. assessor),and the county assessor will take possession • of the completed forms at the end of the meeting. • After the changes have been completed,the record must be signed and dated by the members of the local board A Certification Form must be completed in the case of a who were present at the meeting.The record must also list reconvene meeting.If a recess is called,a quorum also • the names and titles of all voting members of the local must be present at the reconvene meeting for the local board,including those who are present and those who are board to take valid action.To verify that the quorum absent,to verify that the quorum requirement was met requirement was met,the local board must complete and • The county assessor is to make all changes ordered by the sign a Certification Form for each reconvene meeting. local board that are authorized by law. The local board will continue to complete the original i Required forms for documenting board actions Record Form at each reconvene meeting. County assessors are required to submit any changes The reconvene meeting(s)must be held and all business • made by the Local and County Boards of Appeal and of the local board must be concluded within 20 calendar • Equalization to the Commissioner of Revenue,along days(including the day of the initial meeting)unless the with a copy of the proceedings of each board within 10 board requests a time extension in writing from the working days following final action of the local board. Department of Revenue and the time extension is The information must be filed in the manner prescribed by the Commissioner of Revenue(Minnesota Statutes, granted by the department(no extensions will be granted Chapter 270C). beyond May 31).The date and time for the reconvene meeting must be determined before the initial meeting is recessed.Once the Local Board of Appeal and In recent years,there has been increasing interest by the Equalization has adjourned,they cannot reconvene. legislature and others in the number of appeals at the local level and the effect of the changes that were made. Role of the local board in the assessment process • • • Duties of the local board • • The local board is to determine whether all of the taxable classification without bringing the change to the local • property in the town or city has been properly valued board if a new notice is mailed to the property owner at and classified for the current assessment.All property is least 10 days prior to the local board meeting. • to be valued at its market value,and all property is to be • classified according to use.It is assumed that the Oftentimes,the assessor will continue to review • assessor has properly valued and classified all the properties within 10 days of the local board meeting. property in the jurisdiction.The burden of proof rests However,if the assessor makes a change,that change • with the property owner who must present factual should be brought to the local board for action. • evidence to disprove the assessor's value or classification. If the property owner agrees with the change,he/she • does not need to personally appeal to the board.Instead, • The complaints and objections of property owners the assessor should present such changes to be voted on appealing individual assessments for the current year by the board. • should be considered very carefully by the board.An • appeal may be made in person,by letter,or through a What the board can do • representative of the owner.Written objections should be Reduce the value of a property.The local board may filed with the city or town clerk or county assessor prior. reduce the value of a property if the facts show that • to the meeting of the Local Board of Appeal and the property is assessed at a value that is higher than • Equalization and must be presented to the board for its market value.All property is to be valued at its • consideration while it is in session.The board must hear market value.It is assumed that the assessor has all complaints and examine all letters.Such assessments properly valued the property.The burden of proof • must be reviewed in detail,and the board has the rests with the property owner who must present • authority to make corrections as it deems to be just.The factual evidence to disprove the assessor's value. • board may recess from day to day until all cases have been heard. Increase the value of a property.The local board may • increase the value of a property if the facts show that the The board.should look for property or improvements that property is assessed at a value that is lower than its • are not on the tax rolls.When property or improvements • are missing from the tax rolls,an unfair burden falls market value.The board must also base the decision to upon the owners of all properties that have been increase the market value on facts.All property is to be • assessed.If the board finds any property or valued at its market value.It is assumed that the assessor improvements that are not on the tax rolls,the board has properly valued the property.The board must rely • should place it on the assessment list along with its on factual evidence to disprove the assessors value. • market value,and correct the assessment so that each Before the board raises the market value of a property,it • tract or lot of real property and each article,parcel or must notify the owner.The law does not prescribe any class of personal property is entered on the assessment particular form of notice,except that the person whose •list at its market value. property is to be increased in assessment must be • notified of the intent of the board to make the increase. The owner must be notified either in writing or orally. • Changes within 10 days of local board meeting He/she should be given a time to appear before the local • Since the Notice of Valuation and Classification must be board.After the hearing,the local board should make • mailed to taxpayers at least 10 days prior to the meeting any corrections that it deems just. of the Local Board of Appeal and Equalization,the • assessor should not make changes to the valuation or Add properties to the assessment list If the board finds . classification of a property within that 10-day window that any real or personal property has not been entered • without bringing the change to the local board for action. onto the assessment list,the board shall place it on the assessment list along with its market value,and correct • After receiving the notice,the property owner can the assessment so that each tract and lot of real property • contact the assessor to discuss questions or concerns. and all personal property is entered on the assessment The assessor can make changes to the valuation or list at its market value. • • Role of the local board in the assessment process , • Add improvements to the assessment list In reviewing The local board can't reduce the aggregate assessment the individual assessments,the board may find instances by more than I percent Although the Local Board of where property is not listed at its market value because Appeal and Equalization has the authority to increase or • the value of a building or other improvement was not reduce individual assessments,the total of such included when the market value of the property was adjustments must not reduce the aggregate assessment estimated.These should be carefully reviewed by the of the jurisdiction by more than 1 percent.The • board and placed on a tentative list of property values to "aggregate assessment'is the total EMV that the local be increased.The board should then determine to what board has the authority to change,i.e.the total EMV of extent the valuation of such property should be assessments within the jurisdiction excluding state • increased.Before the board adds value for new or assessed property.For example,if the total EMV of a overlooked improvements,it must notify the owner. jurisdiction is$2,000,000,the board cannot reduce the total EMV of the • Change the classification of a property.In jurisdiction by more Assessor's EMV -� Minnesota,property is classified according to its use than$20,000.This + Total board EMV increases on the assessment date(January 2 of each year).If the means the EMV after - Total board EMV reductions property is not currently being used,it is classified board actions must be EMV after board actions • according to its most probable,highest and best use. at least$1,980,000. Property owners do not get to choose how they want their property to be classified.It is the assessor's job to If the total amount of adjustments made by the local • classify it according to its current use or its most board does lower the aggregate assessment by more . probable,highest and best use.The board can change than 1 percent,none of the adjustments will be the classification of any property which in the board's allowed.This limitation does not apply,however,to the opinion is not properly classified.Again,it is assumed correction of clerical errors or to the removal of • that the assessor has classified the property correctly. duplicate assessments.Clerical errors are limited to The classification must be based on use,and in order errors made by someone performing a clerical function for the board to change the classification,the appellant during the course of the actual assessment.Examples of • must present evidence that the property is used in a clerical errors are errors such as transposing numbers or . manner consistent with the classification. mathematical errors.Errors that occur when making estimations during the inspection and appraisal process What the board can't do (judgment errors)are not considered to be clerical errors. • The local board can't consider prior year assessments The local board can't exemptpropeny.The Local The Local Board of Appeal and Equalization does not • have the authority in any year to reopen former Board of Appeal and Equalization does not have the a authority to grant an exemption or to order property assessments on which taxes are due and payable.The • removed from the tax rolls. board considers only the assessments that are in process in the current year.Occasionally,a property owner may appear with a tax statement and protest the taxes or The local board can't make changes benefiting a . assessment of the previous year.The board should property owner who refuses entry by the assessor. explain tactfully that it does not have the authority to The board may not make an individual market value • consider such matters.After taxes have been extended, adjustment or classification change that would benefit adjustments can be made only by the process of the property in cases where the owner or other person application for abatement or by legal action. having control over the property will not permit the assessor to inspect the property and the interior of any The local board can't order percentage increases or buildings or structures. • decreases for an entire class of property.The authority A member of the local board can't make changes to • of the local board extends over the individual property in which he/she has a conflict of interest or assessments of real and personal property.The board financial interest If a property being appealed is cannot increase or decrease by percentage all of the owned by a board member,a board member's spouse, • assessments in the district of a given class of property. parent,stepparent,child,stepchild,grandparent, . Changes in the aggregate assessments by classes are grandchild,brother,sister,uncle,aunt,nephew,or made by the County Board of Appeal and Equalization. • niece,by blood or marriage,the board member is • prohibited from participating in the actions of the Role of the local board in the assessment process • • board for that appeal.The board member is also "No change"on the record form for the meeting.The • prohibited from participating in an appeal of a taxpayer will be eligible to appeal to the County property in which a board member has a financial Board of Appeal and Equalization. interest.If the remaining members constitute a • quorum,the board may vote on the action with the The local board can't grant special program status.If a compromised board member abstaining from the vote. property owner is appealing for enrollment in special • Otherwise,or if the board wishes to prevent any programs that require an application(e.g.Green Acres), . perception of preferential treatment,it should mark they must follow the proper application procedure. • Recommendations for local board members • • Become familiar with sales information prior to • Information on sales within the district that • local board meeting occurred in the previous year. • Most local board members are not necessarily aware of ' Valuation tables of land types. current trends in the real estate market or trained in the • Copy of the values from the mini-abstract field of appraisal.Therefore,advance preparation is for the district(current year and prior year). • essential to?Waking informed,fair decisions on the ■ Printout of parcel listings for the district • appeals heard by the local board. with the values. • ■ Review of the current statutory classifications The county assessor(or the local or city assessor in and the corresponding class rates. • some instances)should provide information on the real ■ Review of value changes by property type • estate market in advance of the local board meeting.If in the district. this information is not provided,the local board should request that the assessor provide the information at least The local board should also be prepared to request • one week prior to the meeting so board members have additional background information and to ask • time to review it. questions of the assessor in order to assist with the board's deliberations. The following re examples of the e of data that the g P h'P assessor may provide for the local board to use when As a local board member,you should review the • determining if an adjustment is necessary.This is not an information provided by the assessor.If you have any • all-encompassing list,and depending on the jurisdiction, questions about the materials,please be sure to contact • it may or may not be necessary for every board to have the assessor.Being knowledgeable about the real estate all the items on the list.The local board should work market is the key to making informed and fair decisions. with the assessor to determine the specific information to be supplied to the local board. • Duties of the clerk • The town or city clerk plays an important role in the ■ Take minutes of the meeting as part of the Local Board of Appeal and Equalization process.The town or city record;and following is a brief list of the duties of the clerk ■ Return all necessary records to the county pertaining to the local board meeting: assessor in a timely manner. • • Work with the county assessor to establish the • meeting date(s)for the local board; In some jurisdictions,various duties of the clerk may be • Publish and post notice of the meeting at least 10 performed by the city or county assessor or the • days prior to the date of the(Minnesota Statutes, assessor's staff.In these instances,it is recommended • Section 274.0 1,subdivision 1); that the clerk be aware of and monitor these duties to • Ensure that a quorum will be present; ensure they are completed • • Provide a sign-in sheet for appellants; • • Role of the local board in the assessment process • • • • ! ! Legal and policy reasons for fair and impartial • a pp eal and equalization hearings • Legal reasons for fair and impartial local board meetings ''I ! Minnesota Statutes,Section 274.01,subdivision 1, Minnesota Statutes,Section 273.11,subdivision 1 • paragraph(b)states: requires that all property be valued at its market • "The board shall determine whether the value.The assessor is required to value all property taxable property in the town or city has been at market value,and the Local Board of Appeal and properly placed on the list and properly Equalization also must keep this in mind when ! valued by the assessor." adjusting market values. This means that any action taken by the board must be The board is to hear all appeals and act in a manner that . done in an effort to ensure that all taxable property in the is just.Minnesota Statutes,Section 274.0 1, jurisdiction has been properly valued and classified by subdivision 1,paragraph(b)states: the assessor.It is assumed that the assessor has correctly "On application of anypersonfeeling aggrieved, the • valued and classified all property.The burden of proof board shall review the assessment or classification, or • rests with the property owner who must present factual both,and correct it as appears just." evidence to disprove the assessor's valuation or classification of the property. To act in a just manner,the board must only make . changes that are based on facts. • Policy reasons for fair and impartial local board meetings Property owners expect and deserve a fair and impartial An educated board is the key to a fair and impartial hearing.Serving as the Local Board of Appeal and hearing.A board that is knowledgeable about the local • Equalization is an important duty.As one step- real estate market does not simply"rubber stamp"the generally the first step—in the appeal process,it is very assessor's value but makes independent decisions based important that the meeting be conducted in a fair and on facts.It is important that the property owner does not impartial manner,or the property owner's confidence in perceive the outcome to be predetermined or believe that the entire appeal process will be undermined. the board is"defending"the assessor's value.This does not mean that the board should not uphold the assessor's • In order for the property owner to receive a fair and value.It does mean that if the local board changes the ! impartial hearing,the property owner must have an assessor's value or classification,it must be based on the ! opportunity to present his/her appeal and provide facts presented. evidence to support it.Then the assessor should explain his/her valuation or classification.It is assumed that the A fair and impartial hearing does not necessarily mean assessor has valued and classified the property correctly, that the property owner is granted the value reduction or . and the burden of proof rests with the property owner, classification change that he/she is seeking.Receiving a who must present factual evidence to disprove the fair and impartial hearing only means that the owner had • assessor's value or classification.Then the local board the opportunity to present his/her appeal,the board must take the appeal under consideration. considered the appeal and based its decision on facts. ! i • • Legal and policy reasons for fair and impartial appeal and equalization hearings • • • • Local board meeting procedures that foster • fair and impartial assessment reviews and other best practices recommendations • • Each local board meeting is conducted differently. Also included in this chapter are best practices • While there are not any statutory guidelines for recommendations for local boards.We acknowledge • conducting the meeting,this chapter will outline that some cities or townships may have bylaws or rules meeting procedures that foster fair and impartial of procedures that may preclude some of these assessment reviews. recommendations.Keep in mind that these are • recommended procedures for the local boards,and they • are not intended to contradict such rules or bylaws.It is up to each board to determine which procedures are • most appropriate for its Local Board of Appeal and Equalization meeting. Meeting procedures • • The board should run the meeting ■ An explanation of the order of the appellants(will The board should take charge of the meeting.It is not it be by appointment first,followed by walk-ins on the assessor's meeting.The local board is intended to be a first-come basis,etc.); , a fair and impartial review of the assessment.The ■ The expectations of the appellant when presenting assessor should realize that the appeal decisions are not his/her appeal(the appeal must be substantiated by in his/her hands.The board's decisions are between the facts;where the appellant should stand or sit;the board and the appellant.The assessor is not on trial for appellant should be prepared to answer questions his/her work.The board should not critique the posed by the board,etc.); assessor's performance or blame the assessor for • The time limits imposed(if any);and increasing values(or taxes).Assessors should try not to become too personally involved with the decisions and The procedure the board will follow for making remember that they have already done their best job.It is decisions(will the board hear all appeals before • now the task of the local board to review the facts and making any decisions,will the board send a letter • make decisions as it deems just. to appellants to inform them of the decision,etc.). The Board Chair should give the assessor the . Establish ground rules for the meeting opportunity to present a brief overview of the property Before hearing any appeals,the Board Chair should tax process and a recap of the current assessment. • outline the ground rules for the meeting.The ground rules set the tone for the meeting.The specific ground Appellants should then present their appeals.If the rules may vary for each local board but should include: assessor has had a chance to review the property prior to • The purpose of the meeting; the meeting,the assessor can present facts and • A reminder to property owners that only appeals information to the board to support the valuation or , for the current year valuation or classification can classification or recommend that the board make a • change.If the assessor has not had a chance to review be made—taxes or prior years assessments are not the property prior to the meeting the assessor can within the jurisdiction of the board; • • A reminder to property owners that they may only present such information to the local board at the reconvene meeting. appeal the estimated market value(EMV),and that • the appeals process is concerning this amount-not tax amounts; • Local board meeting procedures that foster fair and impartial assessment reviews and other best practices recommendations • • ® All proceedings must be public ■ Let the property owner know that you will be The local board meeting is subject to the open reviewing the facts of the case;and meeting law.The open meeting law requires that ■ End the property owner's presentation by . meetings of governmental bodies generally must be acknowledging in a tactful manner that you've open to the public.Therefore,all local board heard what he/she has to say and will consider proceedings must be public. the matter. Board members should not leave the meeting to the If things get too heated,it may be a good idea to suggest assessors while they talk about other business. a short break so the parties can calm down.Do not let Board members should not confer with each other, things get out of hand before informing the authorities. • the assessor or appellants regarding appeals in If the board is anticipating any problems,it may be a • question outside the local board meeting(s). good idea to inform local law enforcement of the meeting in advance.Do not take threats or someone a talking about violence lightly. Safety should be your Make appellants feel comfortable main concern.If you feel threatened,call the authorities. Presenting an appeal to the Local Board of Appeal and Equalization can be intimidating for appellants.The goal Oftentimes,property owners are frustrated by the of the board should be to make the appellant feel process because they are unsure about how to appeal comfortable,not intimidated.To make the appellant to the local board.To reduce their frustration,it is more comfortable when presenting an appeal to the local recommended that the local board let them know what board,it is recommended that the appellant sit(or stand) they will need to do to substantiate their appeal(see in front of the board and present directly to the board `Handouts for property owners"section in the rather than having the appellant speak and address all Appendix for information local boards may supply to ipresent in the audience.This not only allows the property owners). appellant to be more comfortable,but also decreases the potential that an angry"mob"will form at the meeting. The Notice of Valuation and Classification will direct Sproperty owners to the Minnesota Department of Revenue website(http://www.taxes.state.mn.us)for Dealing with angry or difficult property owners information on the appeal process and how to • The following are some tips that may be helpful when substantiate appeals.Many counties also have dealing with an angry or difficult property owner: information on their websites concerning how to appeal, • ■ Always treat the property owner with respect; property information,frequently asked questions,etc.If ■ Listen to the property owner; your county website does have information relating to assessment or property taxes,it is a good idea to become • ■ Speak calmly and keep your body language calm; familiar with this information so you can refer property ■ Encourage the property owner to discuss owners to it. his/her concerns; ■ Do not get defensive; Hearing appeals • ■ Keep things on a positive level; The Board Chair should call the appellant.The board . ■ Avoid blaming statements("You...")• must be attentive when the appeals are being presented. ■ Keep the conversation focused on the issue,not Take the time to listen to the person presenting the • personalities("The assessor doesn't like me," appeal,but do not let the appellant dominate the meeting. etc.); ■ Clarify the problem; After an appellant has presented his/her case,the chair • ■ Acknowledge the property owner's concerns; should ask the assessor to explain how the value and/or . ■ Show empathy for the property owner; classification was determined.To keep things moving ■ Emphasize collaboration("Let's see if we can find and to conduct a fair meeting,any time limits imposed • a solution to this problem."); on an appellant should also be imposed on the assessor. The board should ask questions of the appellant and the assessor if more information is needed Local board meeting procedures that foster fair and impartial assessment reviews and other best practices recommendations Depending on the procedure that the board is following, the chair should either: '• Have the board make a decision on the appeal;or • • Inform the appellant that his/her concern will be , A break in a meeting or proceedings until a certain taken into consideration and let the appellant know when a decision will be made as well as how date and time.Recess is not to be confused with he/she will be informed of the board's decision. "adjournment,"which ends the proceedings. • Review process, not value-reduction process The appeal process is a review process and not just a . value-reduction process.The Local Board of Appeal and . Equalization is an important step in maintaining an equitable property tax system.It is vital that the board members take this responsibility seriously.Any value The final closing of a meeting,such as a meeting of changes—increases or decreases—must be justified as the board of directors or any official gathering. value changes have the effect of shifting the tax burden Adjourn is not to be confused with"recess,"which to other property owners in the jurisdiction. means the meeting will break and then continue at a • later time. The purpose of the board is to ensure equality between taxpayers so that each taxpayer is paying the fair share of taxes—no more,no less. Keeping in mind that a reduction in estimated market value may not reduce Decisions i taxes,and sharing this information with appellants,may It is the board's duty to review the facts and make help set the proper tone for the meeting. corrections as it deems just.It is not appropriate to turn the decision over to the assessor.The board should not Therefore,it is not incumbent upon the board to reduce order the assessor to review the property and change the • the value of all individuals who appeal to the board,as value or classification and then adjourn.In this instance, that may be unfair to the property owners who have not the issue is not resolved.The board may ask the assessor appealed.The board should not give reductions to to review the property and report back to the local board people just for"showing up"It is assumed that the at a reconvene meeting.Ultimately,it is the local board assessor has properly valued and classified all property that must make any adjustments. • in the jurisdiction.The burden of proof rests with the property owner who must present factual evidence to All decisions should be adopted by a formal vote. disprove the assessor's value or classification.All Options for decisions include: • changes made by the board must be based on facts. ■ No change; ■ Lower the value; Recess or adjourn ■ Raise the value; The board may not take action after adjourning.All • Notify a property owner of intent to raise issues must be resolved before the meeting is adjourned. the value; • If issues still need to be considered,the board should ■ Change the classification;or • recess until the next meeting. ■ Have the assessor inspect the property and report to the local board(within the 20-day timeframe). The next(reconvene)meeting must be held within 20 calendar days(including the day of the initial meeting) • unless the board requests a time extension from the Department of Revenue,and the time extension is granted by the department.The date and time for the • reconvene meeting must be determined before the initial meeting is recessed.Once the Local Board of Appeal and Equalization has adjourned,they cannot reconvene. • Local board meeting procedures that foster fair and impartial assessment reviews and • other best practices recommendations • There are certain circumstances,such as appeals The property owner should keep in mind that taxes are involving contamination values or income-producing not the issue.The board should not consider arguments iproperties,that may require more than 20 days for the based on the ability of the taxpayer to pay,services assessor to review.In such instances,the board may received for taxes paid or tax equalization.Given the decide to vote"no change"and forward the appeal to the broad spectrum of tax capacity rates,tax classifications i� County Board of Appeal and Equalization. and state credit programs that apply to various properties throughout the jurisdiction,tax comparisons are There also may be circumstances involving complicated misleading.To strengthen their appeal,property owners appeals,in which the board may review the information should present evidence about the property's value or presented and not be able to determine if the assessor's classification,not how much they are paying in taxes. • value should stand or if the property owner's evidence justifies a value or class change.If the board is faced Property in Minnesota is classified according to its with a situation in which it is not sure how to rule based actual use,such as commercial,agricultural,or on the facts presented,the proper decision would be"no residential homestead,not zoning.Property owners change."In these instances,the local board should keep disputing the classification need to present information two things in mind: that proves how they use the property.For example,a ■ The property owner can appeal to the county board property is classified as residential.The property owner or he/she can take the case to Tax Court;and believes that his/her property is eligible for the ■ The county assessor can ask the county board agricultural classification and appeals to the local board. • to review the property value or classification if In order for the board to change the classification to • he/she believes that the local board change agricultural,the owner must prove that the property is was not justified. used agriculturally and meets the statutory requirements of the agricultural class. i Appeals must be substantiated by facts As a board member,you should be objective and be Appeals must be based on facts.The property owner sure that any changes are based on facts.Do not must present supporting evidence to convince the recommend changes without any supporting board that the current year valuation or classification documentation.Do not recommend changes for all is incorrect.The supporting evidence can be presented people who appeal to the board(unless each appeal can ieither in person,through a letter or through an be substantiated). Simply taking the time to appeal is not authorized representative. a valid reason for adjusting the market value or changing the classification of a property.Always keep in mind The property owner should describe the property,how that any reductions that the board may make will have ithe property is used,as well as its current condition. the effect of shifting the tax burden to other property in Photos can be very helpful in illustrating the condition the jurisdiction.The amount the jurisdiction levies will of the property.The property owner should review the not change when values are increased or decreased;only assessor's data on the property to make sure that it is the amount paid by each taxpayer changes. correct.The property owner should also review recent property sales in the area.At the assessor's office,the For information on the appeal process and how to property owner can review Certificates of Real Estate substantiate an appeal,you can direct property owners to Value(CRVs)for properties in the area.Other the Minnesota Department of Revenue website evidence such as a recent appraisal may also be (http://www.taxes.state.mn.us).If your county website helpful information to present. also contains additional information such as how to • appeal,property information,frequently asked questions,etc.,it is a good idea to become familiar with this information so you can refer property owners to it. Local board meeting procedures that foster fair and impartial assessment reviews and . other best practices recommendations • • • Best practices recommendations • • Have appellants call for appointments If time limits are established,they should be included in It is recommended that the local board hear appeals on the ground rules that are outlined at the beginning of the • an appointment basis.The Notice of Valuation and meeting.Whether or not time limit is established,it is Classification sent to all taxpayers to notify them of their the responsibility of the board chair to keep the meeting property value and classification can instruct appellants moving.If an appellant goes on at length about a . to call for an appointment with the local board. specific point,the Board Chair should intervene—in a professional manner—to keep the meeting on track.The Appointments benefit the board,the assessor and the chair should ensure that appellants stick to their time • appellant.Appointments give the board an idea of how allotments.If the appellant discusses taxes or previous many property owners will be appealing,so the board assessments,the Board Chair should remind him/her can manage their time appropriately.It gives the tactfully that the issue is the current year valuation or assessor time to assist in the board's deliberations by classification. reviewing the property and collecting supporting data or recommending that the board make a change. If the board determines that time limits are appropriate for appellants,it also should impose time limits for the . Appellants also benefit because they need only come assessor to support his/her valuation or classification or to their scheduled appointment and do not have to recommend that the board make a change. spend time listening to other appellants.In some instances,property owners call to schedule Hear all appeals first • appointments with the local board,and the appeal is avoided altogether because the issue can be resolved It is recommended that the board hear all appeals. . easily by the assessor's staff.Property owners who before making any decisions.The board should make . call for appointments can also be given information on all decisions later in the meeting or at the reconvene preparing and presenting an appeal so they will know meeting(within 20 calendar days)if it is determined • what to expect at the meeting(see `Handouts for that the assessor should view the property or if the property owners"section in the Appendix). board requests additional information from the . assessor.If a reconvene meeting is necessary for the In addition to hearing appeals by any appellants who assessor to report back to the board,it should be scheduled appointments,the local board also must hear limited to appeals made at the initial meeting.The reconvene meeting is typically not for hearing a any appeals by property owners who come to the g � y g meeting without having scheduled an appointment prior property owner's initial appeal. to the meeting.When outlining the ground rules for the • meeting,the board chair should inform the a ellants Hearing all appeals first gives the board an opportunity PP that the board will be hearing appeals from those who to get a better understanding of what happened in the • have scheduled appointments first,and then the board district,so it can make consistent recommendations.It will be hearing appeals by others(in the order listed on eliminates situations where the board feels obligated to the sign-in sheet). respond in a certain manner to one property owner because of an earlier decision.It also speeds up the • Time limits for presenting appeals process for appellants as they may leave after they Time limits can help to keep the meeting moving.Time present their appeal. • limits may be more appropriate in jurisdictions with a • significant number of people appealing their valuation or classification.If there are only a few people at the meeting,time limits may not be necessary.If there are several appellants,it may be beneficial to establish a time limit for each appeal. • • • • Local board meeting procedures that foster fair and impartial assessment reviews and other best practices recommendations • Conducting other business at the local There have been instances in the past where the board board meeting members have held their regular meeting in one part It is best to hold a special meeting for the Local of the hall,and the assessor has been told to meet with Board of Appeal and Equalization and not conduct appellants in another area.This is not an acceptable the regular council meeting(or other business)at the practice.It is the responsibility of the board to hear local board meeting.However,due to the low the appeals and the facts presented to make an iattendance in some jurisdictions,conducting other informed and fair decision. business at the meeting may be an acceptable practice if handled appropriately. Notifying property owners of decisions It is recommended that all appellants be notified in • If other business is also to be conducted at the writing of the decision of the board,even if the • meeting,the time listed on the Notice of Valuation appellant was present for the decision.Given the and Classification should be the start time for the recommended format of hearing all appeals before iappeals portion of the meeting.You should conduct making any decisions,appellants may choose not to other business either before the meeting(table any stay for the entire meeting.A letter notifying appellants discussion if not completed when it is time for the of the decisions ensures that they understand and are Local Board of Appeal and Equalization)or after the aware of the action,if any,taken by the board.It is also meeting(allow any late arrivals to present their appeal an opportunity to notify appellants of additional appeal even if the board has moved on to other business). options if they are not satisfied with the board's decision(see `Recommended fonnat to notify appellants of local board decisions"in the Appendix). ' Quorum requirements for local boards Quorum must be present A majority of the voting members of the Local Board of Appeal and Equalization must be in attendance in order Ithe for any valid action to be taken.When a local board meets and conducts business without a quorum,it is conducting an illegal meeting.This means that any he number of people required to be present before changes made by a local board which does not meet the members at a meeting can conduct business.For quorum requirement are null and void. the Local Board of Appeal and Equalization,a majority of the voting members of the board must be What constitutes a quorum? present to meet the quorum requirement. Quorum requirements differ depending on the type of body that is meeting.Per Minnesota Statutes,Section 274.01, subdivision 1,paragraph(a),the town board of a town, or the council or other governing body of a city is the iLocal Board of Appeal and Equalization. • Except for the following situations: ■ Cities whose charters provide for a board of equalization; ■ Cities or towns that have transferred their local board duties to the county(see Chapter 5); ■ Cities with Special Boards of Appeal and Equalization appointed by the governing body(see Chapter S);or ■ Cities or towns whose local board duties have been transferred to the county due to noncompliance with the training requirements. Quorum requirements for local boards Townships:Per Minnesota Statutes,Section 366.0 1, Assessor's role when a quorum is not present subdivision 1,the supervisors of each town constitute Each year,there are numerous complaints from property the town board.Two supervisors constitute a quorum at owners who have taken time off from work—or simply a town board meeting unless the town is operating under taken their personal time—to attend a local board "option A,"which means.it has afive-member board of meeting only to find that the meeting cannot take place supervisors.In the latter case,three supervisors are required to meet the quorum requirement. due to the lack of a quorum. City councils:According to Minnesota Statutes, When a local board does not meet because a majority of • Section 412.191,the city council in a standard plan the members are not present,it sends a message to city shall consist of an elected mayor,an elected clerk, property owners that the board does not value their time. and three or five elected council members(which It also sends the message that the board does not take the • means these cities have either five or seven voting responsibility of serving as the Local Board of Appeal members).In optional plan cities,the city council and Equalization seriously. ! consists of an elected mayor and four or six elected Rather than simply sending home angry and frustrated • council members(which means these cities have property owners,the assessor changes the format to an ! either five or seven voting members).In all statutory 'open book"meeting.Property owners can discuss their cities,the mayor is a voting member of the council issues one-on-one with the assessor or the assessor's and must be counted when determining whether a staff.If they are not satisfied with the outcome,they can • quorum is present.A majority of the voting members appeal to the County Board of Appeal and Equalization. ! must be present to meet the quorum requirement. This assures that the time property owners set aside to Charter cities may provide that a different number of appeal to the local board is not wasted. council members constitute a quorum. • Special boards:Appointed by the governing body of a Arrive on time for the meeting • city,a majority of the voting members must be present It is also very important that the board members and ! in order to meet the quorum requirement. all required attendees(county assessor,local assessor, • etc.)arrive at the meeting on time and that the meeting begins at the scheduled time.This shows respect for the people who are appealing to the board,and also shows that their time is valued. Explanations of alternate methods of appeal Open book meetings ! Open book meetings are an alternative to the Local The open book meetings are held in locations that are ! Board of Appeal and Equalization.During open book convenient for property owners.Often open book . meetings,the valuation and classification issues are meetings are held over several days during both day handled by the assessor's staff on a one-on-one basis and evening hours.This allows property owners to with the property owner.Typically,open book meetings appeal when it best suits their schedules instead of are held by the county assessor's staff.However,larger having to rearrange their schedules to attend a local • cities with an appointed city assessor may hold their board meeting held at one place and time. own open book meetings. Explanations of altemate methods of appeal The open book meetings provide a forum for property owners to meet with assessment staff on an informal Open • • • • basis to review information about their property and to ask questions about the assessment.This setting allows the assessor's,office to resolve questions and reduce the An open book meeting is a meeting held by the number of property owners who feel the need to appeal county assessor's office to discuss property owners' to the County Board of Appeal and Equalization. questions regarding their assessments.The one-on- one meeting usually is held as an alternative to the Property owners do not need to make an appointment to Local Board of Appeal and Equalization. • meet with the assessment staff.They can simply show up at the dates and times stated on the Notice of Valuation and Classification,and an appraiser will • discuss their assessment. ' Depending on the jurisdiction,the appraisers may Benefits for property owners have laptop computers to access information about the taxpayer's property.Some counties may be able to link directly to their computer-assisted mass appraisal Open book meetings provide many benefits: (CAMA)system which allows the appraiser to obtain ■ No appointment needed. data on sales of comparable properties. ■ Property owners can verify or correct When reviewing the details of the property with the information about their property. owner,the appraiser can verify the accuracy of the ■ Property owners can schedule a time for the acounty's data and correct any errors.The property assessor to view their property. owner can also schedule an appointment for the ■ The setting is less intimidating than a Local appraiser to view the property if needed. Board of Appeal and Equalization meeting. ■ The property owner does not need to"present" Benefits for the property owner their appeal in front of friends and neighbors. Property owners often find that the open book meeting ■ Property owners can compare their values to is less intimidating than presenting their appeal to the the values of other similar homes. Local Board of Appeal and Equalization.They often ■ Questions and concerns are often resolved appreciate the fact that they can have their questions immediately. . answered in a more private setting,and not have to be ■ The process is very efficient. apprehensive about making a presentation in front of their friends and neighbors.In this one-on-one setting, • Property owners may appeal to the County property owners may spend as much time with the Board of Appeal and Equalization and/or to appraiser as they need.They can compare the value of Tax Court if not satisfied with the outcome. their home with the values of similar homes owned by their neighbors. The process is very efficient because concerns and It is only a recommendation that the property owner . questions are often resolved immediately.Property attend the open book meeting to discuss concerns prior owners can see that the appraiser collects the same to the County Board of Appeal and Equalization.In a information on all properties,reassuring them that the jurisdiction that does not have a Local Board of Appeal process is the same for everyone,and they have not been and Equalization,the property owner is not required singled out for a value increase. to attend an open book meeting in order to appeal to the County Board of Appeal and Equalization. Property owners who are not satisfied with the"open book"approach may appeal to the County Board of Appeal and Equalization and/or to Tax Court. Explanations of altemate methods of appeal Benefits for the local board A town board or city council that wishes to transfer the The benefit for the local board is that an open and local board duties to the county board en book . . p must communicate this intent m writing to the county meeting saves time for board members.It eliminates the assessor before December 1 of any year to be effective need for the board to become familiar with and educated on the local real estate market.Board members will be for the following year's assessment.This transfer of able to spend this time concentrating on their other duties may either be permanent or for a specified duties as town board or city council members.In number of years.However,the duties must be . addition,board members can avoid confrontational transferred to the county board for a minimum of three situations with constituents and will no longer be put years,and the length of the transfer must be stated in into difficult situations by having to make decisions writing.A town or city may renew its option to transfer about the property values or classifications of property its duties to the county board. owned by friends and neighbors. Property Y owners in jurisdictions that have chosen this option would be provided with an open book meeting in Benefits for the county place of the Local Board of Appeal and Equalization. While the number of appeals made at the open book Property owners who are not satisfied with the outcome meeting may not be less than the number of appeals to of the open book meeting may appeal to the County . the local board,the benefit for the county is that the open Board of Appeal and Equalization and/or to Taal Court. book process allows for immediate consideration of issues,and in many cases,appeals are resolved before Option 2: Transferring local board duties to the the County Board of Appeal and Equalization.The county process is efficient for the county because it can often previously,the only option for transferring the local consolidate several jurisdictions into one meeting(or a board duties to the county board meant that the local series of meetings)instead of holding at least one jurisdiction had to give up its local assessor as well. meeting in each jurisdiction. Some jurisdictions saw this option as a loss of control, and therefore,it was not considered to be an option for Option 1: Transferring assessment and local the city r town. board duties to the county ty The town board or city council may transfer the The quorum and training requirements for local boards powers and duties of the Local Board of Appeal ppeal and were implemented to improve the local board process so Equalization to the county board(under Minnesota that the boards function fairly and objectively.The intent Statutes,Section 274.01,subdivision 3)and no of the legislation was not to force or require a city r � q ty longer perform the function of a Local Board of town to give up its local assessor.However,a • Appeal and Equalization. jurisdiction that fails to meet these requirements must transfer the duties of the Local Board of Appeal and However,in order to exercise this option,the local Equalization to the County Board of Appeal and jurisdiction also must have its assessment done by the Equalization.In this situation,the jurisdiction would county.This means that the local jurisdiction must give lose the right to hold its local board,but it would be able up its local assessor.Some jurisdictions do not see this to retain its local assessor. as an option,because they have no intention of relinquishing this power to the county.For other town It seems unfair that a jurisdiction which voluntarily boards or city councils,this may be a good option. transfers its Local Board of Appeal and Equalization • duties to the County Board of Appeal and Equalization Before transferring the powers and duties to the county must give up its local assessor,while a local board that board,the town board or city council must give public must transfer its duties to the county board for failing notice of the meeting at which the proposal for transfer to meet the training or quorum requirements may retain is to be considered bli the public notice( p o ce needs to follow the its local assessor. procedure contained in Minnesota.Statutes, Section 13D.04,subdivision 2). Explanations of altemate methods of appeal • • • • It seems appropriate that the local jurisdiction be given Property owners in a jurisdiction that has chosen to • the opportunity to decide to forego its right to act as a transfer its Local Board of Appeal and Equalization • Local Board of Appeal and Equalization and still duties to the County Board of Appeal and Equalization • maintain its local assessor.If the town board or city would be provided with an open book meeting in place council deems that property owners would be best of the local board.Property owners who are not served with an open book meeting,which also would satisfied with the outcome of the open book meeting • relieve the board from having to make difficult value may appeal to the County Board of Appeal and • and classification decisions,the board or council Equalization and/or to Tax Court. should contact the county assessor and inform him/her . of the jurisdiction's intent to be treated as though it did The local board can be reinstated by resolution of the • not meet the quorum or training requirements.It governing body of the city or town and upon proof of should clarify that.the city or town is transferring its compliance with the training requirements.The . duties to the county board,but will retain its local resolution and proof of compliance must be provided assessor.The town board or city council must notify to the county assessor by December 1 to be effective the county assessor of this decision in writing by for the following assessment year. • December 1 to be effective for the following assessment year. • • Other alternate methods of appeal • • Special Boards of Appeal and Equalization Tax Court . The governing body of a city(including cities with Minnesota has a specific court established to hear and charters that provide for a board of equalization)may determine all questions of law and fact arising under the appoint a Special Board of Appeal and Equalization. tax laws of the state.The Tax Court has statewide ® The city may delegate to the Special Board of Appeal jurisdiction.Except for an appeal to the Supreme Court, and Equalization all of the powers and duties of the the Tax Court is the sole and final authority.The Local Board of Appeal and Equalization.Town boards petitioner must file in Tax Court on or before April 30 are not able to appoint special boards. of the year in which the tax is payable,not the year • of the assessment. The special board serves at the direction and • discretion of the appointing body,subject to the There are two divisions of Tax Court:the Small Claims restrictions imposed by law.The appointing body Division and the Regular Division.The Small Claims shall determine the number of members of the board, Division only hears appeals in certain circumstances and the compensation and expenses to be paid,and the is less formal. Property owners often represent term of office of each member. themselves and there is no official record of the • proceedings,meaning the decisions cannot be appealed At least one member appointed to the Special Board further.The Regular Division hears all types of appeals of Appeal and Equalization must be an appraiser, and the decisions can be further appealed. • realtor or other person familiar with property valuations in the assessment district.The special board There is a filing fee and other fees associated with must also meet the training and quorum requirements appealing to Tax Court.The court is based in St.Paul, . that a local board must meet. but it travels to the county where the property being appealed is located for the trial. More information is available at www.taxcourt.state.mn.us. • • • • • Explanations of altemate methods of appeal • • • • • • Appendix • ! Glossary ! • • Abatement—Reduction of estimated market value, Class rate—The percent of market value(as • taxes,costs,penalties or interest which have been defined in Minnesota Statutes)used to determine a . erroneously or unjustly paid. property's net tax capacity. Adjourn—The final closing of a meeting,such as a Classification—The assessor assigns a statutorily- • meeting of the board of directors or any official defined classification to all property based upon the use ! gathering.Adjourn is not to be confused with of the property on January 2 of each year.Examples of • "recess,"which means the meeting will break and Minnesota property classes include residential, • then continue at a later time. agricultural,commercial-industrial,apartment and Agricultural property—Property including the seasonal residential recreational. house,garage,farm buildings and farm land used Commercial-industrial property—Property used for • for raising or cultivating agricultural products for commercial or industrial purposes such as retail or • sale.Defined in Minnesota Statutes as Class 2a manufacturing.Defined in Minnesota Statutes as Class agricultural land. An agricultural homestead is class 3a commercial and industrial property. 2a land that is homesteaded along with any • contiguous class 2b rural vacant land under the Comparable property sales—Properties that have same ownership.Agricultural property may also be recently been sold which have similar property non-homestead. characteristics to a property being appraised. Apartment property—Residential real estate Computer-assisted mass appraisal(CAMA) ! containing four or more units and used or held for system—A computerized system that uses statistical • use by the owner or by the tenants or lessees of the analysis to generate estimates of property value. . owner as a residence for rental periods of 30 days or County Board of Appeal and Equalization—A more.Defined in Minnesota Statutes as Class 4a group of people,typically the county commissioners rental housing. and the county auditor,authorized to examine,compare • City council—The legislative body of a city.The and equalize property assessments so that each parcel in city council in a standard plan city consists of an the county is listed at its market value. elected mayor,an elected clerk,and three or five Estimated market value(EMV)—This is the value elected council members(which means these cities that the assessor estimates the property would likely sell • have either five or seven voting members).In for on the open market.This value may be appealed to optional plan cities,the city council consists of an the Local Board of Appeal and Equalization,County elected mayor and four or six elected council • Board of Appeal and Equalization or Tax Court. members(which means these cities have either five or seven voting members).In all statutory cities,the mayor is a voting member of the council and must • be counted when determining whether a quorum is present.Charter cities may provide that a different number of council members constitutes a quorum. • • ! ! Appendix • s • • Exempt property—Property that is not subject to Median sales ratio—The midpoint(middle)of all the taxation.All property,real and personal,in the state is individual ratios that are included for that property type in taxable except that which by law is exempt.Exemption that city or township for a sales ratio study period when laws are to be construed strictly,not broadly.Local or they are put in order.In Minnesota,the median sales ratio County Boards of Appeal and Equalization cannot should be between 90%and 105%. This means that • grant an exemption.Ownership,use and necessity of when all sales from that study period for that property ownership are key elements reviewed by the assessor type in that city or township are put in order from smallest iwhen determining exemption. to largest ratio,the middle ratio should be between 90% • Highest and best use—"A principle of appraisal and and 105%. assessment requiring that each property be appraised as Net tax capacity—Determined by multiplying the class though it were being put to its most profitable use rate by the taxable market value for each property. (highest possible present net worth),given probable • .legal,physical,and financial constraints."Glossary for Notice of Valuation and Classification—A nonce Property Appraisal and Assessment, International mailed to taxpayers at least 10 days prior to the Local Association of Assessing Officers, 1997. Board of Appeal and Equalization(generally in February or March)to inform them of their property values and Home rule charter city—Any city which has adopted classifications for the current assessment year.Minimally, a home rule charter pursuant to the constitution and the notice must include:the estimated market value for laws;"statutory city"means any city which has not the current and prior assessment;the value of any new • adopted such a charter. improvements;the amount qualifying for any deferral or Homestead—Property that is occupied as the principal exclusion;the taxable market value for the current and prior assessment;the property classification for the place of residence by the owner is eligible to receive the current and prior assessment;the assessors office address, homestead status and the market value homestead phone number,website and time when property credit.Property may be a residential or agricultural homestead. information can be viewed by the public;and the dates, places and times set for the meetings of the Local Board Local assessor—An assessor who works on a contract of Appeal and Equalization,any open book meetings and basis for a township or city. the County Board of Appeal and Equalization. • Local Board of Appeal and Equalization—A group Open book meeting—A meeting held by the county of people,typically the town board or city council, assessor's office to discuss property owners'questions • authorized to determine whether the assessor has regarding their assessments.The one-on-one meeting properly valued and classified all parcels of taxable usually is held as an alternative to the Local Board of property located within the district. Appeal and Equalization. Market value homestead credit—Residential Property characteristics—Distinguishing interior and homestead property receives a credit which is equal to exterior features of a property and its surroundings such 0.4 percent of the market value of the property.The as its:location and neighborhood;public or private amount may not exceed$304 and is reduced by restrictions on the property;building type and size; • 0.09 percent of the market value in excess of$76,000. quality of construction;age of the structure;physical Agricultural homestead property receives the residential condition of the structure;and the total number of rooms, credit for the house,garage and one acre value plus an bedrooms and bathrooms. agricultural credit of 0.3 percent of the agricultural class Quorum—The number of people required to be present 2a and rural vacant land class 2b market value not to before the members at a meeting can conduct business. exceed$345.It is reduced by 0.05 percent of the market value in excess of$115,000 but may not be For the Local Board of Appeal and Equalization,a majority of the voting members of the board must be reduced to less than$230. present to meet the quorum requirement. • Mass appraisal—The process of valuing a group of Recess—A break in a meeting or proceedings until a properties as of a given date using standard methods certain date and time.Recess is not to be confused with and statistical testing. "adjournment,"which ends the proceedings. Appendix • • • Residential property—Property that is residential in State Board of Equalization—The Commissioner of • nature consisting of the house,garage and land including Revenue,serving as the State Board of Equalization, • homestead and non-homestead single-family houses, ensures assessors follow approved appraisal and duplexes and triplexes.Defined in Minnesota Statutes as assessment practices and reviews the results of the i Class 1 a residential homestead,Class lb disabled assessor's work in estimating values.This board meets homestead,Class 4b(1)residential real estate containing in June of every year.The board can increase or less than four units that does not qualify as class 4bb, decrease values to bring about equalization on a Class 4bb(1)nonhomestead residential real estate county-,city-and township-wide basis as well as across containing one unit,other than seasonal residential county lines to ensure a fair valuation process across • recreational property;and Class 4bb(2)a single family taxing districts,county lines and by property type. dwelling,garage,and surrounding one acre of property on a nonhomestead farm. Statutory city—Any city which has not adopted a home rule charter pursuant to the constitution and laws;the term Rural vacant land—Property that is unplatted,Haul in "home rule charter city"means any city which has • character and not improved with a structure unless it is a adopted such a charter. minor,ancillary and nonresidential structure.Defined in Tax Court—A specific court established to hear and Minnesota Statutes as Class 2b rural vacant land. Rural vacant land may be part of an agricultural homestead if it determine all questions of law and fact arising under the is contiguous to class 2a agricultural land under the same tax laws of the state..The Tax Court has statewide ownership. jurisdiction.Except for an appeal to the Supreme Court, the Tax Court is the sole and final authority.The Sales ratio study—A tool assessors use to help determine petitioner must file in Tax Court on or before April 30 of values for properties.The sales ratio study period includes the year in which the tax is payable,not the year of the sales that have occurred in a twelve month period.For the assessment. January 2,2010 assessment,the assessor reviews sales Tax levy—The total amount of property tax revenue that occur between October 1,2008 and September 30, a 2009.A sales ratio shows the relationship between the needed to meet a jurisdiction's budget requirements. • EMV and the sale price of a property.It is the EMV Tax rate— Determined b Y taking the total amount of divided by the sales price.In Minnesota,six sales of each property tax revenue needed(tax levy)divided by the • property type in each jurisdiction are required to complete total net tax capacity of all taxable property within the a sales ratio study.One sale is not enough evidence for taxing jurisdiction. the assessor to change values.Assessors look at all sales in a study to arrive at conclusions and value estimates in Tax statement—Mailed to taxpayers in March of each • mass. year,the property tax statement includes the actual tax amounts to be paid in the current year.Property tax Seasonal residential recreational property—Real statements for manufactured homes assessed as personal property devoted to temporary and seasonal residential property are mailed in May of each year. occupancy for recreation purposes,including real property devoted to temporary and seasonal residential Taxable market value(TMV)—This is the value that occupancy for recreation purposes and not devoted to property taxes are actually based on,after all reductions, • commercial purposes for more than 250 days in the year exclusions,exemptions and deferrals. preceding the year of assessment.Defined in Minnesota Town board—The supervisors of a town constitute • Statutes as Class 4c(1)commercial or noncommercial the town board.Unless provided otherwise,there are seasonal residential recreational property. three supervisors.Towns operating under"option X' have five supervisors. Truth in Taxation Notice—Mailed to taxpayers in November of each year,the truth in taxation notice contains the estimated tax amounts for the following year The statement also includes current year tax amounts for com p arison purposes and notice of budget meetin g s. Appendix • • • • • Duties of local and county boards • • Comparison of Duties: local and County Boards • • Local Board County Board of Appeal and Equalization of Aposatand EquAntion • • � M ° ire a dual ent Ensures. t` a in ° ° t asp �" within the it art entese • from,' a. iron. • • What can locafandlor county boards do? • UIncrease or decrease value of indimdual propel 'yes Yes dAdc ' ra to ee f it 1fe N • � �m- _ a rn t,m �' ` ._ • inn d ecmse fir n eMdre property days, No v, Yes • Ucfi nge,ths classificati r f e..i P_ Yes 'es .. ,._........_ _..... ... • • VOAt local and un�y boards canimt 4ot; • '" ' rd carv!"ngo for year assesunents, • 0 The rd cannot. re tie a .mo than 1 percent. • 1 Th board cannot a kept property- Q The boatditannot make char banefift owner • maid tnct i� �in�a :di is lair it r own Property, rty: °reiahves,or t� in �b �y ha ; • av r0iffatraAwmemm-mrammia view • ='ear tv affatt'W'OvIew,AV,mfimp ;IWK* tic xdx caret a l lax taacde c sb a a F e a Ire er a, tr �r r i► board nV if to-vult in c t e�� fj i is or lr�ssift 6o • 6-hot'"j • Yaleaa,�r�a�t�=:Paz�r� t ,caa m�� r� �t r� a� �=a e� t�� rrt#s era►�ai�d�a�l�a�ata a'a � lraa°��z��m� � 1 • • • • • • • • Appendix • • • • How value changes affect taxes • • The follovtring examples are used on As the tax base becomes larger; by all prcperty in the jurisdiction,ft • a town oonshOng of fourrlesidential value changes wn71 net affect faxes as board must remember that its actions nonhornestead class 4bb houses dramatically as the examples shown. w d/ultimately affect all taxpayers in ft • Mile no such town exists;,the small Evert if a value change resins in a juhsdcWn. Therefore,it is imperative tax base is used to iNustrate how few less dollars for an appellant and that the local boards base all • value changes may affect taxes for a few more dollars to be shared decisions on facts. each house. Example 1 Total EMV=$3Q5,000 Glass Rate=1% Township Levy=$2,000 'fax Rate 66%. Example I • Property A Property a The values and • EMV;$40,1ao0 EMV:$50,000 corresponding share of • Tasxes:$264 Taxes:$33Q the tax burden for the Percentage of Tax four properties before the meeting of the Lora! • _ '= goard of Appeal and • >- Equalization. Aft 30% • 13 PropertyA 0Preperty D. € • ■Property C ■PropertyD Property C Property D • F- -EMV;$125,000 ' Taxes:$594 Taxes:$825 • Example 2 'total EMV=$280,000 Class Rate=1% Township Levy=$2,000 Tax Rate=72% • Example� • Property A Property B f The owner of Property D EMV:$40,000 EMV:$50,000 appealed the value of his Taxes:$288 Taxes:$360 property. He did not • Percentage of Tax provide arty evidence as is 3696 w t4 why his value should • be reduced.The hard • . reduced his value y • $25,000. 3296 The example shows hour • ®PropertyA :Property8 'the change affects the •. ■PfopertyG MPropertyD share of the tax burden Property C Prfaerty D • EMt;$90,000 ) MV.$1o0,000 for the four properties. •Taxes:$648 Taxes:$720 Example 3 Total EMV=$330,000 Glass Rate=1% Township Levy=$2,000 Tax Rate=61°1$ Example 3 Property A Property 8 The owner of Property A • EMV;$40,000 EMV:$50,000 appealed the value of his • Taxes:$244 Taxes:$305 property. He did not Percentage of'Tax provide any evidence as • 46% 1 1 12% to why his value should ,. be reduced. board raised his value by — $25,000, • 27% • 0 PropertyA upropertys The example shows.how ■propertyc ■propertyD the change affects the • Property share of the tax burden D for the four properties. • EMV:$90,000 EMV:$150,000 • -.. Taxea`,$549 Taxes.,$915 • Appendix • • • • • • Recommended format to notify appellants of local board decisions • fY pp • • • April 29,2010 • • {Insert property owner's name} {Address line 1} {Address line 21 • • Dear{Insert name here}: • This letter is to acknowledge an appeal to the{insert jurisdiction here}Local Board of Appeal and E q ualization regarding • the value or classification of parcel number{Insert parcel number here}. • • The local board considered the appeal and any information presented(or supplied in the case of written appeals).As a result of its review,the local board voted to: • • Make no change to the 2010 value or classification • Change the 2010 classification from to Reduce the 2010 value from $ to $ • Increase the 2010 value from $ to $ • • • Comments: • • • • If you are not satisfied with the outcome of the Local Board of Appeal and Equalization,you may appeal to the County • Board of Appeal and Equalization. {Add details about scheduling appointments or how to appeal to the county board.} • You may also appeal to Tax Court.For more information on the Tax Court,go to http://www.taxcourt.state.mn.us. • Sincerely, • • • (insert name} L • {insert title} • • • • Appendix • • • • Frequently asked questions b local board members Y • • What is the purpose of the Local Board of What factors make up the valuation of • Appeal and Equalization? property? • One characteristic of the valuation(and to a lesser extent The critical question is whether the property is valued in • the classification)part of the property tax process is that excess of market value or a theoretical selling price as of there are subjective elements involved.Both mass January 2 of each year.The components that make up appraisal and independent appraisal are inexact sciences. the market value are developed from vacant land sales, • The property tax system has a method for property replacement cost schedules,abstraction from sales data, owners to appeal the decisions made by the assessor. and other sources.The mass appraisal system includes • both quantitative and qualitative variables. • Effective actions taken by the Local Board of Appeal and Equalization may potentially make a direct Quantitative variables are objective characteristics, contribution to attaining assessment equality.Any such as square footage,number of bathrooms or • value reductions have the effect of shifting the fireplaces,and other straightforward items.It is property tax burden to other properties,so any changes important that the property description is accurate to made by the board must be justified. allow for a fair application of the mass appraisal schedule to the property. • On what basis should I make my decisions as • a local board member? Qualitative variables are more subjective in You have an obligation to objectively listen to the nature.They include the grading(or estimating • property owner's appeal,which should focus on the construction quality)of the property which • the always involves judgment. market value and facts that impact the market value or • the facts that focus on the classification.It is assumed that the assessor has valued the property correctly.The Why do values change? burden of proof rests with the property owner who must There are basically three reasons why values change. • present factual evidence to disprove the assessor's value. • For example,if the property owner states that his/her Appreciation or depreciation in the real estate home is overvalued because it is located on a busy street, market.The assessor's office collects information on • the property owner should present comparable sales also the local real estate market and adjusts property values • located on that street.The board would want to take that annually in order to reflect the market.The requirement information under advisement.Then the board should that the assessor actually view properties once every five ask for information from the assessor concerning how years does not limit the assessor to revaluing properties • the value of the property was determined.Again,any once every five years.The assessor is required to review • decisions made by the board should be based on facts property values and classifications each year. because any reductions have the effect of shifting the • property tax burden to other properties. It is important Physical changes to improvements on the property. • to keep in mind that all decisions must meet statutory Improvements such as building a deck or finishing the guidelines as well. basement increase the value of the property,and the • assessor would adjust the value to reflect these • What options do property owners have improvements.Similarly,the assessor should adjust the if they are not satisfied with the local value for any structural components that may be removed. • board's decision? • Equalization process.The Commissioner of Revenue, . The property owner can: acting as the State Board of Equalization,has the • appeal by letter,representative or in person to the authority to increase or decrease values to bring about • County Board of Appeal and Equalization(a equalization.The orders are usually on a county-,city-, • property owner must appeal to the local board to or township-wide basis for a particular classification of be able to appeal to the county board); and/or property.All State Board orders must be implemented • • appeal to Tax Court. by the county for the current assessment year. • Appendix . • • • • • • Frequently asked questions by property owners • • Is it legal for the assessor to increase my value value homestead credit directly reduces the property so much in one year? taxes on a parcel.In addition to the homestead • Yes.The assessor must value property at market value classification,Minnesota provides property tax relief to • each year Property values change continuously with homeowners through the Property Tax Refund program. changing economic conditions.There is no limit to the This program has been around for many years and • amount of increase or decrease in estimated market values includes two different kinds of refunds:the regular • in a given year.The assessor is required to review the refund and the special refund.The regular refund was • values and classifications as of January 2 of each year. designed to relieve the burden on homeowners whose property taxes are high in relation to their income.The • When will my value stop changing so much? special refund is for homeowners who experience a • This is impossible to predict.Estimated market values property tax increase of more than 12 percent(and at are dictated by the market.If sale prices are increasing, least$100),regardless of their income level.Both of • estimated market values will increase.If sale prices are these refunds must be applied for using form M 1 PR • decreasing,estimated market values will decrease. from the Minnesota Department of Revenue.There are specific requirements for each refund,which are Why are my taxes so high? included in the M1PR instructions. • Taxes are not within the authority of the local board.The In addition,qualifying individuals may participate in the • property tax on a specific parcel is based on its market Senior Citizen Property Tax Deferral program.This is a • value,property class,the total value of all property deferral of tax,not a reduction.The taxes accumulate within the taxing area,and the budget requirements of along with interest at a rate not to exceed 5 percent and a • all local government units located within the taxing area. lien is attached to the property. • Only concerns relating to the current year valuation and/or classification may be heard by the local board. Forms and instructions for the Property Tax Refund and • Senior Citizen Property Tax Deferral program are • Will I be taxed out of my home? available on the Department of Revenue website • The local board cannot reduce tax amounts.There is "://www.taxes.state.mn.us). • relief for property classified as homestead.The market • Handouts for property owners • • The following pages contain information for property The"Preparing an appeal to your Local and County • owners to help them with the appeal process.You Boards of Appeal and Equilization,""Understanding may photocopy these pages and provide them to property taxes,""How the assessor estimates your • property owners who seek to appeal their property market value," and"Understanding your assessment • value or classification. and the appeals process" fact sheets are also on the • Department of Revenue website • (http://www.taxes.state.mn.us). • • • • • • • Appendix • • • MINNESOTA- REVENUE www.taxes.state.mn.us • Preparing an Appeal to Your Local and County • Boards of Appeal and Equalization • Property Tax Fact Sheet 10 • • • You have decided to appeal the valuation and/or Preparing for your appeal • classification of your property to your Local or County The first step is to do some research to collect information Boards of Appeal and Equalization.You must appeal to to show why you believe your estimated market value or • the Local Board of Appeal and Equalization before classification is incorrect.Begin by • appealing to your County Board of Appeal and contacting the assessor's office. Equalization. ■ Verify information about your property, ❑ • If you haven't done so already,you should contact your such as its dimensions,age and • assessor's office before making a formal appeal to discuss condition of its structures. • changing your assessment. Often issues ■ Review records to determine the market value of and concerns can be resolved at this level. similar property in your neighborhood. • ■ Review sales data to find out what similar property in • If you and the assessor were unable to agree your area is selling for. on your valuation or classification you may ■ Check real estate ads in your newspaper to get an decide to appeal to your Local and/or County Boards of idea of the asking price of local properties. • Appeal and Equalization. • ■ Ask the assessor to explain the criteria used for The general information contained in this fact sheet is classifying your property.You may also review the • applicable to preparing for appeals to both the Local and classification of other property used in the same • County Boards of Appeal and Equalization. manner as yours. • Successfully appealing your assessment Gathering supporting evidence • Minnesota law assumes that the County Assessor has You must have documentation to support your correctly valued and classified your property.You must appeal.Items you may wish to bring to the • present factual evidence to convince the Board otherwise meeting include: • in order to win your appeal.Make sure all facts are ■ A recent appraisal of your property. • presented,and the board understands the ■ Recent sales of similar property. information presented,so a decision can • be made based on facts. ■ Documentation supporting the use of your property(if you are appealing the • Successfully appealing your value or Is classification). • classification at your Local or County Board of Appeal ■ Copies of other property owners' field cards/property • and Equalization can mean a number of things. information. ■ Photos of your property. • It does not necessarily mean that the board ruled in your favor and lowered your value or changed your ■ photos or exhibits comparing neighboring properties • classification. to yours. • Whether or not the local board decides to make a change If you should have questions,please don't hesitate to • in your estimated market value or classification,you can contact your assessor's office. Staff members are always • still be successful in appealing to your local board.The willing to answer questions and give you information that ultimate result you want to achieve is to make sure your will help you understand your assessment. value is warranted and the classification of your property • is correct based on its use. See page 2 for helpful hints-� • Property Tax Division—Mail Station 3340—St.Paul,MN 55146-3340 This fact sheet is intended to help you become more familiar with Minnesota • tax laws and your rights and responsibilities under the laws.Nothing in this • fact sheet supersedes,alters,or otherwise changes any provisions of the tax law,administrative Hiles,court decisions,or revenue notices.Alternative formats • available upon request. Revised 07/04 Minnesota Revenue,Preparing an Appeal to your Local and County Boards of Appeal and Equalization 1 • • S 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 appeal—you want to be sure you get strengthen your appeal,you should present evidence your point across as effectively as possible. about your property's value or classification, . ■ Make a list of key points you may wish to present. not how much you are paying in taxes. c� • ■ The board has never seen your This fact sheet is not meant to give you property.Describe your property so legal advice.It is intended to be a helpful tool with • they will understand your arguments general information for presenting your property tax • more fully.Photos can be helpful to appeal at your Local and County Boards of Appeal and support your argument. Equalization. ■ Keep your presentation brief and factual. ■ Be prepared to discuss your case with the board or • answer any questions that the board may have. Written appeals • You may also appeal your value or classification by submitting a letter of appeal to the board instead of appearing in person. You will want to do your research and .explain your appeal in writing.Your letter • should state the facts and include supporting documentation.You may want to include your daytime phone number so you can be reached in case the board • has any questions. Revised 07/04 Minnesota Revenue,Preparing an Appeal to your Local and County Boards of Appeal and Equalization 2 • • MINNESOTA- REVENUE www.taxes.state.mn.us 40 Understanding Property Taxes Property Tax Fact Sheet 12a • IN IN Why do we have property taxes? assessor as of January 2 of each year. Assessors • The money raised by property taxes is a major source estimate the value of your property using historical of funding for school districts, cities and townships, sales of similar properties. counties, and special taxing districts. Local property • taxes help fund many programs and services There is no direct relationship between estimated including public schools, fire stations,police market value and property tax liability. Instead,your 0 protection, streets, libraries, and more. property's taxable market value is used to determine • how much property tax is due. These two values may Certain types of properties—including differ for a number of reasons, including tax deferral 0 seasonal/cabin, commercial/industrial, and un-mined programs, exclusions or reductions for specific types i iron ore—are also subject to a state-level property of property. • tax. Receipts from this"state general tax"go into the general fund. The classification of your property is based on its use 40 on January 2. Each class of property(residential, • A key benefit of the property tax system is that the apartment, cabin, farm, commercial, etc.)has a revenue it raises tends to remain stable. Compared different classification rate. These rates are set by the with sales or income taxes,the property tax is less Legislature and calibrated so that some property • susceptible to recessions or other changes in income types pay a greater share of the property tax than • or spending trends. In addition, since local others. For example, commercial properties pay more jurisdictions only levy what they need to cover their than residential homesteads and agricultural • annual needs, there is no surplus or deficit. properties. . What affects my property tax bill? How are my taxes determined? Government spending and revenues will affect your First, each local jurisdiction will determine the revenue • tax bill the most. If spending increases or revenues needed from property taxes. This amount—the levy—is • from other sources such as state aid decrease,your calculated by subtracting all non-property tax revenue property taxes may increase. Conversely, if spending from the total proposed budget. decreases or revenue from other sources increases, you may see a decrease in your property tax bill. Total Proposed Local Budget - All non property tax revenue(state aid,fees,etc.) • Since property taxes are levy-based, it is possible to = Property tax revenue needed(levy) • have your property tax increase while your market • value decreases and vice versa. The levy is then spread among all taxable properties according to their net tax capacity. A property's tax Your share of the overall property tax levy is capacity is calculated by multiplying the taxable market • determined by the market value and classification of value by the state-mandated classification rate. your property. The estimated market value and (Taxable Market Value)x(Class Rate)=Tax Capacity • classification of your home are determined by the I • Property Tax Division-Mail Station 3340 St.Paul,MN 55146-3340 This fact sheet is intended to help you become more familiar with Minnesota • tax laws and your rights and responsibilities under the laws.Nothing in this fact sheet supersedes,alters,or otherwise changes any provisions of the tax • law,administrative rules,court decisions,or other revenue notices. Alternative formats available upon request. • Revised 07/09 Minnesota Revenue,Understanding Property Taxes 1 • • • The final step is to calculate the local property tax Property Tax Statement rate by dividing the property tax revenue needed in a The County Treasurer's Office mails a tax statement i jurisdiction by its total tax capacity. to property owners by March 31 of each year. The • statement provides an itemized list of the property tax Local (Property tax revenue needed) due to each taxing authority. The dollar amounts Tax Rate _ (Total Tax Capacity) must be listed separately for the state general tax(if applicable), county, municipality or township,voter- • The county auditor will also calculate and apply any approved school tax, other local school tax,and other homestead credits, referendum levies, and the state special taxing districts. The statement must also general tax(for certain types of property). include any tax on contamination value and any other • special assessments on the property. Combining the above calculations,the basic formula to determine an individual property's tax amount is: Real property taxes are due in equal installments on • May 15 and October 15 of each year(unless the • Taxable Market Value x Class Rate amount is $50 or less[$250 or less starting with taxes= Tax Capacity payable in 20 10] in which case taxes are due in full • x Local Tax Rate on May 15). If a property is classified as agricultural = Base Tax property, the 2"half is not due until November 15. . - Homestead Credits + Referendum Amounts Conclusion • + State General Tax In conclusion,it is essential that taxpayers understand that • = Total Property Tax Payable there is no direct relationship between estimated market value and property tax revenue. It is possible to have your What is a "Truth in Taxation" notice? property tax increase while your market value decreases iEvery year,after November 10,but before November and vice versa. Government spending and revenues will • 25,all property owners receive a"Truth-in-Taxation" affect your tax bill the most. notice by mail. The notice contains: For additional information,please refer to Fact Sheet 12b ■ valuation and classification information on How the Assessor Estimates Your Market Value and Fact • your property for the current and previous Sheet 12c Understanding Your Assessment and the • assessment years; Appeals Process. ■ your current-year property tax amounts; and • ■ an estimate of how your taxes may change based on your taxing district and local budget decisions for the following year. The Truth-in-Taxation notices are required to show • dates, times, and places for the scheduled meetings in which the budget and levy will be discussed and • finalized. These meetings must occur after November 24. The public must be allowed to speak at these meetings for the city, county, and school • district and they must not be held prior to 6 p.m. • These meetings are held to give taxpayers an opportunity to voice their concerns over the • jurisdiction's proposed budget. They are not a forum • for taxpayers to appeal their market value or their individual proposed property tax amounts. • Minnesota Revenue,Understanding Property Taxes 2 • i • • MINNESOTA- REVENUE www.taxes.state.mn.us � How the Assessor Estimates Your Market Value • Property Tax Fact Sheet 12b • RX IN � , IN ,s :..:.... • Property Tax Assessment Process Minnesota has what is known as an ad valorem property tax. This lengthy time frame may result in a significant difference This means property tax is divided among taxable properties between actual sales prices occurring in the current market according to their value. The final amount of property tax and assessors'estimated market values for the current year's • the owner of a property pays in any given year is the end assessment. . result of a process that begins over two years before property Using the final values and the local jurisdictions'proposed tax statements are actually mailed to property owners. budgets,the auditor then estimates each property's proposed • The process begins with the assessor collecting data on sales taxes payable for 2011. After public budget meetings are of properties within the market during a specific time period held and final budget numbers are adopted,property tax . between October of one year and September of the following statements are mailed to taxpayers by March 31,2011. year(this period is known as a sales study period). Over the In summary,sales taking place from October 2008 to • next several months and by using mass appraisal techniques, September 2009 are used to estimate a property's market • assessors analyze the data in order to estimate each property's market value for the next assessment(January 2). value as January which will in turn be used to • Pursuant to Minnesota Statutes,section 273.11 assessors calculate p property taxes es s payable in 2011. must estimate the value of property at a value that would • represent what the property would sell for in an open-market What is the role of the assessor? arm's length transaction on January 2 of each year. The Assessors use historical sales in order to estimate each • assessor cannot adopt a higher or lower standard of value • .for the purposes of taxation. property s market value as of the assessment date(January 2) because the value will be used of each year. The assessor also classifies the property • Assessors also classify property according to its use on according to its use on January 2 of each year. January 2. Between April and June,taxpayers have an Assessors also review other quantifiable data such as • opportunity to appeal both the estimated market value and supply/demand,marketing times,sales concessions,vacancy • the classification of their property. Values and classifications rates,etc.to help in analyzing whether a market is increasing, are generally finalized July 1 of each year. stable,or decreasing. • Local units of government then finalize their estimated During increasing markets,this may benefit some property • budgets for the upcoming year. Once the budgets are owners because a buyer may pay a price that is significantly • finalized in December,the market values and classifications higher than the assessor placed on the property for the last are used to divide the overall tax levy among all taxable assessment. For example,if a property is valued by the • March properties. . Tax statements are mailed by the following assessor at$180,000 for the 2009 assessment(based on sales • that occurred between October 2007 and September 2008), • For example,sales of properties that occur between October and it sells for$230,000 in August 2009,the new property 1,2008 and September 30,2009 are used by assessors to owner is benefiting from the lower market value for the 2009 • estimate a property's market value for the January 2,2010 assessment which will be used to calculate taxes payable in assessment.Following an appeal process that occurs between 2010. April 1,2010 and June 30,2010,the valuations and The August 2009 sale of the property will be included in the classifications generally become final on July 1,2010. study period of October 2008 to September 2009 which the • , • Property Tax Division-Mail Station 3340 St.Paul,MN 55146-3340 This fact sheet is intended to help you become more familiar with Minnesota tax . laws and your rights and responsibilities under the laws.Nothing in this fact sheet supersedes,alters,or otherwise changes any provisions of the tax law, administrative rules,court decisions,or other revenue notices. Alternative formats available upon request. . Revised 07/09 Minnesota Revenue,How the Assessor Estimates Your Market Value 1 . • • • assessor will use to value property for the 2010 assessment Simply having an extremely high or low sales ratio is not a for taxes payable in 2011. valid reason to remove a sale from the sales ratio study. This same lag time is also present in declining markets. For Rather,the extreme ratio indicates a need for additional investigation by the assessor. • example,if the assessor places a market value of$200,000 on a property for the 2009 assessment(again using sales that Again, sales ratio study periods are generally October 1 of a occurred between October 2007 and September 2008),but given year to September 30 of the following year. For • the property sells for$175,000 in August 2009,does it mean example,for the 2010 assessment,assessors use sales that the January 2,2009 assessed value is incorrect? Not took place between October 1,2008 and September 30, necessarily. It could signal a downturn in the housing 2009. This is the reason that assessors'market values may • market just began to occur between September 2008 and lag a bit behind current market activity. . August 2009. The assessor will use the August 2009 sale as well as others occurring in the market to estimate 2010 Assessors will use the median sales ratio as the statistical market values. measure of the overall level of assessment. The median ratio is the middle ratio of all the ratios when they are arranged in • The assessor does not raise property tax revenues by order from highest to lowest(or vice versa). The median is increasing values. Total property tax revenues are a function used because it is not affected by extreme ratios. Department of county, school district,and city/town spending as well as of Revenue guidelines indicate that the median ratio of a • state-paid local government aid and other factors. The value sales ratio study should be between 90 and 105 percent. and classification of the property are merely a way to divide the total property tax levy among all taxpayers. The total . amount of the levy will be collected whether values increase Is it possible for the values of some • or decrease from one year to the next. An individual's share properties to decrease while others of the overall tax burden may change from year to year, increase? however. Yes.Each segment of the market is different. Sales prices of certain types of properties can vary widely. Currently, sales of both farmland and recreational properties are strong and What are sales ratio studies? show appreciation. However,the sales of residential • Sales ratios show the relationship between the assessor's properties are stable or declining in some areas. estimated market value on a property and the actual sale Sometimes it can be difficult to estimate the rate at which a • price of a property. market is increasing or declining. Ideally,a property would iEach year the assessor performs sales ratio studies on sell twice within a certain period of time, such as one year, . properties that have sold in their jurisdiction. These sales are but all other characteristics of the property would remain the stratified many different ways including by location and same. That way an appraiser or assessor would be able to property type(residential,agricultural,commercial,etc.). isolate a time adjustment to indicate whether the market is • The sales can also be stratified further such as by home style, increasing or decreasing or simply remaining stable. subdivision,age of structure,location on or off water frontage,price range,etc. A single sale may not represent the true market activity. Do all areas increase or decline at the same Rather,sales of all properties are reviewed to determine rate? market trends. However,even if there are no sales occurring No. Some areas or neighborhoods are declining at a much within the sales ratio study period,assessors are still faster rate than others that are showing stable values or expected to use their professional judgment and knowledge values that are slightly increasing. of the local market to annually value properties in their jurisdiction. Conclusion Whenever any real estate is sold for a consideration in excess In conclusion,it is essential that taxpayers understand that eof$1,000,a Certificate of Real Estate Value(CRV)is filed there may be a legitimate reason for the assessor's annual These CRVs are the foundation of all sales ratio studies market value to be different from current market conditions because they contain important information about each due to the lag time between sales study periods and sales • transaction.Assessors then verify the information contained taking place today. on the CRV in order to determine whether or not the sale For additional information,please refer to Fact Sheet 12a represents an open-market arm's length transaction. If the Understanding Property Taxes and Fact Sheet 12c sale does not represent an open market,arm's length • transaction,it may not be used in the sales ratio study. Understanding Your Assessment and the Appeals Process. • Minnesota Revenue,How the Assessor Estimates Your Market Value 2 • MINNESOTA- REVENUE www.taxes.state.mn.us i Understanding Your Assessment and the Appeals Process • Property Tax Fact Sheet 12c i 1 M, NO, 11, 1 1 i • The role Of the assessor value and classification of your property.If you believe the The assessor has an important role in the property tax classification or the estimated market value of your property process in that it is very important to make sure all property is incorrect,you have several appeal options. • is valued at its market value and classified according to its use so the property tax levy is divided correctly among all What if I disagree with how my property , taxable properties. The assessor does not determine your was assessed? . property taxes. Likewise,assessors do not raise revenue by If you have a disagreement over valuation or classification increasing market values. This fact sheet discusses of your property,the first step is to contact your assessor. estimated market value and classification.The assessor Most issues can be resolved at this level. • determines these factors each year,and they are shown ■ Verify information about your property,such as its • annually on your Notice of Valuation and Classification, dimensions,age,and condition of its structures. This fact sheet also explains what you can do if you and the ■ Review records to determine the market values of assessor disagree about the value or classification of your similar properties in your neighborhood. . property. ■ Review sales data to find out what similar properties in your area are selling for. . How is my property value estimated? • Ask the assessor to explain the criteria used for Using a mass appraisal system and historical sales data,the classifying your property.You may also review the assessor's job is to estimate the market value of all classifications of other properties used in the same • properties on the assessment date of January 2 each year. manner as yours. The assessor will consider the location of your property,the amount of land you own,any improvements to the land, If your property has not be inspected recently,both interior physical characteristics of the improvements(including and exterior,ask the assessor to come out to review your square footage,decks,porches,etc.),and the quality of property.If your concern is not resolved after conferring construction. The assessor will then compare your property with the assessor,you may attend the annual Local Board of • to similar properties in your area that have recently sold in Appeal and Equalization or Open Book meeting identified • order to estimate what your property would sell for in an on your valuation notice. open-market arm's length transaction. This value is called • the estimated market value. Appealing your assessment There are formal methods of appeal available.Keep in mind Classification and class rates that,by law,the Local Board of Appeal and Equalization All property is classified by the assessor according to cannot make a change favoring a taxpayer if the assessor is its use.Each class of property(home,apartment,cabin, not allowed to inspect the property. farm,commercial)has its own classification rate.This class rate is determined by the state legislature.Like market You have the right to appeal your market value estimate • value,the class rate of your property plays a role in how and/or property classification if you feel your property is: much property tax you pay. ■ Classified improperly. ■ Valued at an amount higher or lower than you • Notice of valuation and classification could sell your property for. Each spring,the assessor will mail you a Notice of ' Valued at a level different from similar property in • Valuation and Classification informing you of the market your area. • Property Tax Division-Mail Station 3340 St.Paul,MN 55146-3340 This fact sheet is intended to help you become more familiar with Minnesota • tax laws and your rights and responsibilities under the laws.Nothing in this fact sheet supersedes,alters,or otherwise changes any provisions of the tax law, . administrative rules,court decisions,or other revenue notices. Alternative formats available upon request. i Revised 07/09 Minnesota Revenue,Understanding Your Assessment and the Appeals Process 1 • • • • Remember,your assessor is not responsible for the dollar Minnesota Tax Court amount of taxes that you pay. Tax rates are determined by You have until April 30 of the year the tax becomes payable your local taxing authorities(the city,the county, school, to appeal your assessment to the Minnesota Tax Court. In • districts,etc.). If you think your taxes are too high,you other words,you must appeal your 2009 valuation and should make your opinion known to your taxing authorities classification on or before April 30,2010. during the budget meetings in November and December. The Tax Court has two divisions: The Small Claims Local Board of Appeal and Equalization Division and the Regular Division. If you choose to appeal to your boards of appeal and equalization,first must first meet with your Local(city or The Small Claims Division only hears appeals involving • town)Board of Appeal and Equalization.These are often one of the following situations: the same people as your city council or town board The ■ The assessor's estimated market value of your board meets on a specified day in April or May.The exact property is less than$300,000. • date is listed on your Notice of Valuation and Classification. ■ Your entire parcel is classified as a residential We strongly recommend that you contact your city or town homestead(la or lb)and the parcel mitains no • clerk to schedule your appearance. Some jurisdictions hold more than one dwelling unit. an open book meeting instead of a Local Board of Appeal ■ Your entire property is classified as an agricultural and Equalization. Please check your Notice of Valuation homestead i, and Classification for date,time,and place. ■ You're appealing the denial of a current year application for homestead classification of your You may make your appeal in person,by letter,or have property. • someone else appear for you.The assessor will be present to answer questions. You must present your case to the city The proceedings of the Small Claims Division are or town board before going to the County Board less formal and many people represent themselves. ofAppeal and Equalization. Decisions made by the small claims division are final and Cities and towns have the option of transferring their board cannot be appealed further. powers to the County Board of Appeal and Equalization. If The Regular Division will hear all appeals—including those • your municipality has elected to do this,your Notice of within the jurisdiction of the small claims division. Valuation and Classification will direct you where to begin Decisions made here can be appealed to a higher court. your appeal Most people who appeal to the regular division hire an attorney because the hearing is conducted according to the County Board of Appeal and Equalization Minnesota Rules of Civil Procedure. If you are not satisfied after your Local Board of Appeal • and Equalization or open book meeting,or if your city or You may obtain complete information on Tax Court town has transferred its powers to the county,you may appeals by writing or calling the court administrator in your appeal to the County Board of Appeal and Equalization. county or by contacting: This board meets in June.The exact date is listed on Minnesota Tax Court your Notice of Valuation and Classification.The members Minnesota Judicial Center • are usually the county board of commissioners or their Suite 245 appointees. We strongly recommend that you contact your 25 Reverend Dr.Martin Luther King,Jr. Boulevard acounty auditor or assessor to schedule your appearance St.Paul,MN 55115 before the board.Many counties request that taxpayers (651)296-2806 make appointments to appear. www.taxcourt.state.mn.us You may make your appeal in person,by letter,or have Conclusion someone else appear for you.The assessor will be present to In conclusion,it is essential that taxpayers understand that eanswer questions.If you are not satisfied with the decision assessors use historical sales data to estimate a property's . of the County Board of Appeal and Equalization,you may market value. This estimate may be appealed informally by appeal to the Minnesota Tax Court. speaking with the assessor or formally by appearing at the Local or County Boards of Appeal and Equalization. • For additional information,please refer to Fact Sheet 12a Understanding Property Taxes and Fact Sheet 12b How the Assessor Estimates Your Market Value • Minnesota Revenue,Understanding Your Assessment and the Appeals Process 2 David Trepanier 5801 Knox Ave N., Brooklyn Center PI D # 02- 118 -21 -14 -0020 Review owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Owner may provide additional documentation regarding the market value or classification. • 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. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: • Make no change and sustain the 2011 estimated market value or classification. • Reduce the 2011 estimated market value. • Increase the 2011 estimated market value. If the owner(s) 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. RECEIVED MAR 28 2011 David do Pat Trepanier 439 Birchwood Courts Birchwood MN 55110 -1805 1 -42 3 6 5 6 3 6 9 Mar 27, 11 Sub j: 2011 valuation notice. 5801 Knox Ave E. Gear Board members: I strongly disagree with the appraiser's high valuation. As stated in, my protest letter to the assessors, they cannot compare a sale unless the property is within the polluted plume. And they must find out that if any sales within the plume were made, the purchaser was informed. I have given the assessors appraisals in the past and they tried to get them excluded from evidence in court. The office must come. to grips with this problem or the city is left open for a class action suit. All the real estate agents I have contacted valued the house at $100,000 or less, and due to loan restrictions, I would have to carry a CO to sell it. I cannot appear in erson at our meeting, due to being out of town. P 9 Y r+9 Anyone may contact me at the above number to discuss, the issue. bavi A TO r PFCEIVED MAR 2'12011 David & Pat Treponier 439 Birchwood Courts - Birchwood MN 55110- 1805 651- 426 -9336 March 16, 2011 Sub j: 5801 Know Ave N. 02 118 2114 0020 Dear Assessor: Received your 20`11 Notice of valuation. I am in total disagreement with your assessment. Reading your counties own papers, it is widely known that values have dropped 11 to 18 %. It will take a lot of numbers to convince me that my property which is in a heavily polluted area has only dropped $1900 in value. I hope that his is not another valuation that I will have to take to court. As I am out of town until May, I request that you contact me in writing to set up a property tour and review. I have tried to call, and cannot seem to get thru. I wish that this letter be appeal to the local board. Thank ^ you av i i David and Pat Trepanier AM 0 6 20H 439 Birchwood Courts Birchwood, MN 551104805 Home Phone 651 -426 -9336 March 611 Board of Appeals City of Brooklyn Center, Sub j: 5801 Knox Ave Dear Board Members: The Assessor requested income and expense statements for the above property. I cannot provide this, as this is private information given in a public forum, and could open me up to a law suit. I am sorry for any problems that this may cause. Respectfully avi repanier use i ASSESSOR'S REPORT City of Brooklyn Center A Millennium Community TO: 2011 Brooklyn Center Local Board of Appeal and Equalization RE: David Trepanier 5801 Knox Ave N. Brooklyn Center, MN 55429 Mr. Trepanier's written appeal was read to the Local board of appeal and equalization on April 4 2011. The Board directed the Assessor's office to contact Mr. Trepanier to request an interior review with his tenant for his rental property at 5801 Knox Ave N, Brooklyn Center. Mr. Trepanier's property was reviewed Wednesday, April 6 2011 with an appraiser from the Assessor's office. The property is a 1,216 square foot rambler with a three car attached garage. The garage had a functioning furnace installed, but not hooked up. The original exterior is in average condition. The interior has had updates expanding the main level and updating kitchen cabinetry. The main level includes a living, dining, kitchen, one full bathroom, and two bedrooms. One bedroom is large with a walk in closet made from the combination of two smaller bedrooms. The other bedroom is the walkthrough bedroom off the galley kitchen which is currently being used by the tenant as an office and storage area. Basement family room finish is comprised of center framing with finished interior walls, block exterior walls and no ceiling. After physical review of the property, changes were made to the quality of the basement finish. Value was also added for a small amount of decking adjacent to the freestanding open porch. After reflecting these changes, the revised 2011 estimated market value is $129,800. Mr. Trepanier was contacted April 5 2011 to schedule an interior review. Mr. Trepanier was also requested to provide the 2010 income and expense documentation for this property. Mr. Trepanier declined to provide this documentation, and was requested to send a letter stating his decline. To date, the Assessor's office has not received any market data or income and expense information from Mr. Trepanier. A copy of Mr. Trepanier's decline letter has been included with this report. An income approach to valuation was included in this report using market rents. The indicated market rent used was at the higher end of the rental scale for a two bedroom unit to account for the three stall garage, large square footage, and useable finished area. The market based income approach indicated a value of $124,000 for a 1,000 sq. ft. standard two bedroom home in Brooklyn Center. Specific rental data was not available for a larger than average single family home. The Assessor's office used comparables of both similarly sized ramblers, as well as homes of different styles that were located within the soil vapor intrusion study area. All 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. cityotbrooklyncenter. org comparables were open market sales that occurred within the state sales study period for the 2011 assessment. The indicated range of adjusted sale prices on the selected nine comparables range from $127,500 to $148,000. Comparables four, five, seven, and eight have the least amount of adjustments and are considered the most similar to the subject property. Comparables one and two are located within the soil vapor intrusion study area and are included here for that reason. The investigation of properties in the study area relative to soil vapor intrusion is underway, but as yet, no definitive information is available regarding the total extent of potential soil vapor contamination in the study area. Presently there has not been any market data to specifically indicate that sale prices in this area have declined due to the soil vapor intrusion study. It is the recommendation of the Assessor's office to reduce the 2011 estimated market value for the property at 5801 Knox Ave N. from $130,000 to $129,800 for taxes payable in 2012, based on the characteristic changes. This places Mr. Trepanier's property at the lower range of sales, comparable with other two bedroom homes in Brooklyn Center. Respectfully submitted, Nancy Woj kk, SAMA City Assessor City of BROOKLYN CENTER 2011 Local Board of Appeal and Equalization Written Appeal David A. Trepanier Patricia Trepanier 5801 Knox Ave N 02- 118 -21 -14 -0020 > 1 _- -- - "'�•- --.__� ... - _ - I���+? .E' ( _ .+r 2011 Assessed Value: $130,000 Recommendation: Reduce 2011 EMV to $129,800 This report is not an appraisal as defined in M.S. §828.02 (subd.3) nor does it comply with the Uniform Standards of Professional Appraisal Practice. It is intended to be used as a reference only and any use other than its intended use is prohibited and unlawf d The author does not represent this to be an appraisal and is not responsible for any inappropriate use. It is a report ofpublie records using a mass appraisal technique. City of Brooklyn Center Assessing Department 2011 Local Board of Appeal and Equalization Staff Report Written Appeal Property Owner(s): David A. Trepanier Patricia Trepanier Property Address: 5801 Knox Ave N PID #: 02- 118 -21 -14 -0020 Market Value Assessment Year 2011 $130,000 Assessment Year 2010 $131,500 Assessment Year 2009 $149,100 Sale: November 1, 2001 - 113,000 (11 - Other) Comments: Subject property is a 1,216 square foot rambler located in an area of similar properties. Subject property has a living, dining, kitchen, a full ceramic tile bath, two main floor bedrooms including a larger than average Master Bedroom with a walk -in closet made from the combination of two original main floor bedrooms. Basement finish is center framing with finished walls, block exterior walls, no ceiling. Subject property has a three car attached garage which is superior to the average Brooklyn Center property. The home is currently rental and is in generally good condition. This home has it's original exterior and windows. The furnace was replaced in December 2009. Assessor Recommendation: Reduce 2011 EMV to $129,800 Appraiser: Last Inspection Date: Jill Brenna April 6, 2011 2011 Board of Appeal and Equalization Written Appeal Subject Data Summary PID #: 02- 118 -21 -14 -0020 Property Address: 5801 Knox Ave N Brooklyn Center, MN 55430 Multiple Address: No Lot/Block: 057/000 Addition: Auditor's Subdivision No. 218 Hennepin County, Minn Legal(120): N 72 6/10 FT OF S 102 6/10 FT OF E 165 F T OF W 314 3/10 FT Owner(s): David A Trepanier Patricia Trepanier Property Classification: Residential - Non - Homestead 2011 EMV: 130,000 2010 EMV: 131,500 2009 EMV: 149,100 Last Sale: 11/1/2001-113,000- Other-11 Lot Size: 10,125 Sq.Ft. / Acres Zoning: R 1 Dwelling Type: Single Family Style: One Level /Rambler Bedrooms: 2 Baths: 1 Actual Year Built: 1955 Gross Building Area: 1,216 Basement Area: 960 Bsmt Finished %: 50 Garage #1: 3 Car Attached Garage #2: None 2011 Board of Appeal and Equalization Written Appeal Additional Subject Photos a , I .. Front View 2011 V . Z w+ L : t 2011 Board of Appeal and Equalization Written Appeal Additional Subject Photos 1 y 'r N6, N CIRCINIL -_ r s Open porch 2011 p 4 = K1 V 2011 Board of Appeal and Equalization Written Appeal • 1 1 1� 1 1 t t�, ki ink wilt 1 t E 0 t a � 1 • 1 � 1 1 a r � � i lit L UIJ 1 • 1 1 1 1 � 1 1 r y n'111 ' p JIM ter% -.J •.- � - ^a NAME �Y • 1 1 1 1� 1 1 r . j i r rr� �� !�, � � 3 • k. • .t . 1 + ,� Jam, b t •tt ` S r. f t J �I C, Additional Subject Photos t walkthru bedroom closet n ` t I std �..�. cam.. Walkthru bedroom to hallway 2011 Board of Appeal and Equalization Written Appeal • 1 1 1 � 1 1 - r- r I $ M W AW. l ie 1 a t _ r: � Additional Subject Photos a i i i Master bedroom walk in closet Jam~ r } A l 1 �1 x� s— Main CT bathroom 2011 2011 Board of Appeal and Equalization Written Appeal Additional Subject Photos t Main bathroom shower 2011 p 5 t 1 Basement family room 2011 2011 Board of Appeal and Equalization Written Appeal Additional Subject Photos t Family room exterior wall on )11 IV - t Y Basement storage /laun rm 2011 Board of Appeal and Equalization Written Appeal ..p. pew+ � �. �_ ��•.- 'i � v rr' _ t - - Al: rD� `a �r . Additional Subject Photos . 1 JJ AL p(' Basement workroom 2011 2011 Board of Appeal and Equalization Written Appeal Report Name: Permit List City Of Brooklyn Center Printed: 4/15/2011 Permit List Page: 1 Permit List for: 5801 Knox Ave N Permit # Unit Value Permit Tyne Sub Tvue Work Tyne Description Cancelled Issued Date Final Date Dead Date Exniration Date Refund Date BCO39808 $1,000 Mechanical Furnace Replace REPLACE FURNACE 11/10/2009 11/12/2009 BC012507 $500 Plumbing Residential Replace WATER HEATER 05/04/1999 02/17/2000 BC006679 $2,500 Building Residential Single Famil Replace REROOF,TEAROFF 07/29/1996 08/13/1996 Permit Count: 3 1 1 1 ,r �f m 1 1 . 1 • '�•Zti �. �. rR u` • ma ,,1 � a ` '�� f Nod �9 t •S' t 1Y ` = >� Ak F. / / 1 / / Sales Comparables Item Subject Comparable I Comparable 2 Comparable 3 - PID 0211821140020 0211821410079 0111821320051 ` 3411921340027 Address 5801 Knox Ave N 5626 Logan Ave N 5601 Girard Ave N 4007 Janet La District Sale Price $113,000 $107,500 $114,900 $166,000 Sale Date 11/01/2001 03/18/2010 06/14/2010 05/14/2010 Cash Equivalent $101,773 $160,000 Price Per Sq. Ft. $92.93 $131.32 $131.77 $128.21 Dwelling Type Single Family Single Family Single Family Single Family Style One Level /Rambler One Level /Rambler 1 1/4 One Level /Rambler Property Area 10,125 9,975 11,440 9,750 Actual Age 1955 1951 1950 1956 Effective Age 1980 1985 1980 1985 Quality Class B06 B07 B07 B06 1 st Floor Area 1,216 775 680 1,248 Total GBA 1,216 775 872 1,248 Finished Area 1,696 1,163 1,160 2,184 Basement Area 960 775 576 1,248 Basement Finished ( %) 50% 50% 50% 75% Total Bedrooms 2 2 3 5 Total Bathrooms 1 1 2 2 Garage 1 Floor Area 792 396 440 624 Garage 1# of Cars 3 2 2 2 Garage 1 Placement Attached Detached Detached Detached Total # of Cars 3 2 2 2 Walkout Type Air Conditioning Central Central Central Central Pool Area -Total Fireplaces 1 Deck Area -Total 80 Porches 200 64 River Lake Influences Apartment Thru Street Sq. Ft. Adj $54,353 $18,954 $13,471 ($2,397) Add Bsmt Adj $8,630 $1,461 $3,452 ($2,914) Ded Unfin GBA Adj Site Adj $44,600 $2,300 ($2,400) ($2,400) Garage Adj $9,997 $4,319 $3,945 $1,697 Walkout Adj Patio Adj Bath Adj $4,945 ($1,993) ($6,742) ($7,080) Air Conditioning Adj $2,186 $521 $568 ($123) Porch Adj $1,438 $1,438 $978 $1,438 Fireplace Adj ($2,775) Deck Adj $288 $288 $288 $288 Fin Bsmt Adj $3,452 ($1,566) ($173) ($8,669) Misc. Adj Total Adj $129,889 $25,722 $13,387 ($22,935) Market Adj Value $127,495 $128,287 $137,065 2011 Board of Appeal and Equalization Written Appeal 1 �ykl'.k a '► _-•�L. '+� � •'� �'S,J�S !rte . 'T ���. W a IP 1 7 aR•' - '• a t �? � �+�' � .:t. f'_., i/. 1 / ' ss T Fri 1 I / Sales Comparables Item Subject Comparable 4 Comparable 5 Comparable 6 R rX R O N. PID 0211821140020 0211821420008 0311821430075 3411921410061 Address 5801 Knox Ave N 5549 Logan Ave N 3513 53rd PIN 3112 Ohenry Rd District Sale Price $113,000 $141,000 $146,500 $174,900 Sale Date 11/01/2001 05/07/2010 02/26/2010 08/24/2010 Cash Equivalent $141,373 $169,653 Price Per Sq. Ft. $92.93 $118.19 $113.10 $134.01 Dwelling Type Single Family Single Family Single Family Single Family Style One Level/Rambler One Level/Rambler One Level/Rambler One Level/Rambler Property Area 10,125 9,576 16,639 10,950 Actual Age 1955 1955 1955 1958 Effective Age 1980 1980 1980 1980 Quality Class B06 B07 B06 B06 1 st Floor Area 1,216 1,193 1,250 1,266 Total GBA 1,216 1,193 1,250 1,266 Finished Area 1,696 1,951 1,775 2,279 Basement Area 960 1,010 1,050 1,266 Basement Finished ( %) 50% 75% 50% 80% Total Bedrooms 2 3 3 5 Total Bathrooms 1 2 1 2 Garage 1 Floor Area 792 472 280 308 Garage 1# of Cars 3 2 1 1 Garage 1 Placement Attached Attached Tandem Attached Attached Total # of Cars 3 2 1 3 Walkout Type Air Conditioning Central Central Central Central Pool Area -Total Fireplaces 2 1 Deck Area -Total 80 224 180 Porches 200 168 River Lake Influences Apartment Thru Street Sq. Ft. Adj $54,353 $4,449 ($1,407) ($2,907) Add Bsmt Adj $8,630 ($450) ($810) ($2,751) Ded Unfin GBA Adj Site Adj $44,600 $2,300 ($2,400) ($2,400) Garage Adj $9,997 $2,088 $5,818 ($3,566) Walkout Adj Patio Adj ($218) ($282) Bath Adj $4,945 ($5,843) ($1,798) ($6,742) Air Conditioning Adj $2,186 Porch Adj $1,438 $1,438 $1,438 ($2,036) Fireplace Adj ($4,495) ($1,798) Deck Adj $288 $288 ($1,323) ($1,330) Fin Bsmt Adj $3,452 ($2,676) ($796) ($9,295) Misc. Adj Total Adj $129,889 ($3,119) ($3,076) ($31,309) Market Adj Value $137,881 $138,297 $138,344 2011 Board of Appeal and Equalization Written Appeal r n s ,s is 1 1 MIMMA Q � 4'- �" fir.. 1�! -C ° °a��� �, N' 1 1 1 1 Sales Comparables Item Subject Comparable 7 Comparable 8 Comparable 9 AAi�'. v` >. ► " PID 0211821140020 0211821440083 0111821310051 0311821130077 Address 5801 Knox Ave N 5431 Irving Ave N 5535 Bryant Ave N 5725 Northport Dr District Sale Price $113,000 $145,000 $150,000 $168,500 Sale Date 11/01/2001 09/17/2010 11/09/2009 10/30/2009 Cash Equivalent $ 144,740 Price Per Sq. Ft. $92.93 $135.27 $126.69 $136.77 Dwelling Type Single Family Single Family Single Family Single Family Style One Level /Rambler One Level/Rambler One Level/Rambler One Level /Rambler Property Area 10,125 10,087 10,125 10,504 Actual Age 1955 1955 1950 1955 Effective Age 1980 1985 1980 1980 Quality Class B06 B07 B07 B06 Ist Floor Area 1,216 1,070 1,184 1,232 Total GBA 1,216 1,070 1,184 1,232 Finished Area 1,696 1,783 1,856 2,156 Basement Area 960 950 896 1,232 Basement Finished ( %) 50% 75% 75% 75% Total Bedrooms 2 4 4 3 Total Bathrooms 1 2 2 2 Garage 1 Floor Area 792 598 480 280 Garage 1# of Cars 3 2 2 1 Garage 1 Placement Attached Attached Detached Attached Total # of Cars 3 2 2 1 Walkout Type Air Conditioning Central Central Central Central Pool Area -Total Fireplaces Deck Area -Total 80 228 468 Porches 200 252 River Lake Influences Apartment Sq. Ft. Adj $54,353 $7,073 $4,730 ($2,044) Add Bsmt Adj $8,630 ($158) $575 ($2,446) Ded Unfin GBA Adj Site Adj $44,600 ($2,400) ($2,400) ($2,400) Garage Adj $9,997 $1,694 $3,481 $5,818 Walkout Adj Patio Adj Bath Adj $4,945 ($8,930) ($5,843) ($7,192) Air Conditioning Adj $2,186 $206 Porch Adj $1,438 $1,438 $1,438 ($3,773) Fireplace Adj Deck Adj $288 ($1,399) $288 ($3,078) Fin Bsmt Adj $3,452 ($2,479) ($5,006) ($4,024) Misc. Adj ($1,349) Total Adj $129,889 ($4,955) ($2,737) ($20,488) Market Adj Value $139,785 $147,263 $148,012 2011 Board of Appeal and Equalization Written Appeal I th Ave rJ �- * i •' L oeh e Park ' 1252. pveN $ ti'! Laka A re N +�y 74th 73n1 Ave N z 9 z 73rd Av014 �,�y I I 07th A a I 1si i I J I ON S I fridle o r1sr rf Palmer : m ro j 72ndPy Lake z 3 G9Ga Ave N 130 130, G9lh Av�yh l Fr G9tln Ave N Both Ave N I I i 1 I I n I m hunricii w �w t i l shingle CIO. y d I i' lilnn�l w r I z z Z z ` I I H9tre In 52 a I n x ! j I e v K 252` { g .I Brooklyn `' 1 _ tz', I w� 1 1 57th Ave NE a i 2 I „ rCn i I _ A : Center _ 1 I m w ir S �`. sum vzi qj7 i �f ry 5 r I5 'a� ,, Mac t z th Ave N rl ' �,yr. Park C I.9' 69th A' 59t t N e Avery�?�o z N O I uj G N E y p Crystal : S - i Gaoler 10 ._�CtI ip g IL w w y � Alr ort \ . m l t z p ° Coin .4>< J II I z 5511 p r� v) Fn � ;Ci0 2� �� GGthAva - A� IC 1 11 'ii iIIIII• I z F'- 1\.. 1. Twi d Gtth Av N cp A �� ((ill F N 40th A, 54th As1e N I Lefia "100; Gard Ave N N 53rd Avn 1 x t �I� ;� ,y 3rd AveN N 52nd A 6 2nd ,n AveN _ lL� ";� _ Slot 11 N Webber o NG1stAve � 4 W � w 're N Park . Q I �,+ z z GO[h A ' 60th AveN 2 , I �. \ �a i I I d : {' 9th Ave h Ave i� Ave N N 49 1 5 ? t 48th AveN p` �� R}Bn 152 = �, 2 j N th Ave .!2 47th A•,y �cC1 N Lake r':: �, N N th M, I, )L Z 2 4 t. 4t I II 46th AWN o 8 !' . 46th AveN i Obi + 46th Ave N 45th Avn N z ��a I Ati a N { N 102; 4d9iAveN ! m ~� ;23� ' 1� + +; -- •37thA"NE 9 a I r w l' a x 43rd Ave W _42ndke N :Crystal _ I� L ` �.'ti Robbinsdale g , , I > z 9 4 a 42nd Ave N < r. y «. \ e.. a ry F 82011 c(osoft Corporation 1 "\rrEi i COMPARABLE SALES MAP COMPARABLE #1 5626 Logan Ave N, Brooklyn Center COMPARABLE #2 5601 Girard Ave N, Brooklyn Center COMPARABLE #3 4007 Janet Lane, Brooklyn Center COMPARABLE #4 5549 Logan Ave N, Brooklyn Center COMPARABLE #5 351353 rd Place, Brooklyn Center I COMPARABLE #6 3112 Ohenry Road, Brooklyn Center COMPARABLE 47 5431 Irving Ave N, Brooklyn Center i I COMPARABLE #8 5535 Bryant Ave N, Brooklyn Center COMPARABLE 49 5725 Northport Dr, Brooklyn Center I I M ................................................................ ..................................................... ........ ... 20 INC . OME•APPROAC+1 ANALYSIS• . .......... .................... ................... . . . . . . . . . . . . . . . . . . . Owner Name: David Trepanier Yr Built: 1955 Property Address: 5801 Knox Ave N PID: 02 118 21 14 0020 . . * . . . . . . . . . . . . . . . . i . 1. - UNIT. ECON . ACTUAL*.'. TOTAL:. . *.'.''.'.TOTAL'. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RENT . . Uiil . . td • MIX . . -RE N T pp-r. U nit ,RENT • • - EqON . - .. • A OTU.AL 1ljAT . . . . . . . . . . . •. . . 0 Studios $480 $0 $0 $0 0 1 Bdrm $650 $0 $0 $0 1 2 Bdrm $1,000 $0 $1,000 $0 0 3 Bdrm $1,250 $0 $o $0 0 4 Bdrn $1,350 $0 $0 $0 0 5 Bdm $1,550 $0 $0 $0 3 Garages $50 $0 $150 $0 ECONOMIC ACTUAL MONTHLY ADJ. RENT $1,150 $0 TOTAL ANNUAL ADJ. RENT $13,800 $0 TOTAL NUMBER OF UNITS 1 GROSS BUILDING AREA 1,216 tj TOTAL NUMBER OF BEDROOMS 2 Gr oss Rent Multiplier G. 9.00 9.00 9.00 CAPITALIZED VALUE OF PROPERTY $124,000 $0 CAPITALIZED VALUE PER UNIT 124000 0 LV per Unit $44,600 BV per 2011 Land $44,600 $44,600 2011 Bldg $79,400 $65.30 CORRELATED 2011 VALUE BY INCOME APPROACH $124,000 2011 Assessment Land Value Bldg Value EMV SR A non hstd $44,600 $79,400 $124,000 2011 per [n $101.97 Total $44,600 $79,400 $124,000 2011 per Unit $124,000 Comments: The property is a 1,216 sq. ft. rambler with a three car attached garage in good condition. The main level includes a living, dining, kitchen, other room, two bedrooms, including one large bedroom with walk in closet comprised of the combination of two smaller bedrooms, and one full bathroom. The basement finished area includes one family room. The property has a gas forced air furnace, replaced in 2009, and central air conditioning. The indicated market rent used is at the higher end of the rental scale for a two bedroom unit to account for the three stall garage, large square footage, and useable finished basement area. The market income approach indicated a value of $124,000 for a 1,000 sq. ft. standard home in Brooklyn Center. More specific rental data was not available for a larger than average property. -� F Scott Kevitt 5306 Perry Ave N., Brooklyn Center PID # 10- 118 -21 -22 -0001 Review owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Owner may provide additional documentation regarding the market value or classification. • 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. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: • Make no change and sustain the 2011 estimated market value or classification. • Reduce the 2011 estimated market value. • Increase the 2011 estimated market value. If the owner(s) 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. CITY OF BROOKLYN CENTER 2011 LOCAL BOARD OF APPEAL AND EQUALIZATION Walk — In Appeal Application Local Board of Appeal and Equalization held April 4, 2011 at 7:00 P.M. . Names) V / Daytime Contact Number: Z !-�/ Cf — 3 0 5 3 Property Address Property Identification Number Assessor's 2011 Estimated Market Value 7) C 700 Is your property residential, commercial or multi - family? (-C 3 c�; t__� fiIg,A If you are appealing a commercial, multi- family or residential rental property you will need to submit income and expense data for calendar year 2010 with your application. What is the reason you are appealing your 2011 assessment? When did you purchase your home? �'� Date of Purchase / Purchase Price �0 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 brief ts ription below with an estimated cost. 0 cv n� Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? Ye or No co If so, what was the determination of value? What do you think the market value of your property should be? 600 ono We will need to schedule an interior review of your property within t week, is ere sped i date or time that works best for you? Cr et 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 ASSESSOR'S REPORT City of Brooklyn Center A Millennium Community TO: 2011 Brooklyn Center Local Board of Appeal and Equalization RE: Scott Kevitt 5306 Perry Ave N - Brooklyn Center, MN 55429 Mr. Kevitt appeared as a walk -in before the Local board of appeal and equalization on April 4 2011. The Board directed Mr. Kevitt to make an appointment with the Assessor's office to review the interior of his property at 5306 Perry Ave N. Mr. Kevitt's property was reviewed Tuesday, April 5th, 2011 with an appraiser from the Assessor's office. The subject property is a 1,500 square foot split level with a two car attached and a four car detached garage. Subject property sits on an oversized 2.31 acre private peninsula in upper Twin lake with approximately 1,000 feet of shoreline and an unobstructed panoramic view. The property has had extensive remodeling with high end finishing throughout. The main level of the property includes an updated kitchen with maple and granite finishes, family room with fireplace, formal living room, one bedroom with walk in closet and private % bath. The lower level includes family room with granite wet bar and fireplace, two bedrooms, finished laundry room, and a % bath. The attached garage has been improved with in- floor heat, finished walls with recessed lighting, and custom maple cabinetry. The detached garage constructed in 2007 has in -floor heat, finished walls with recessed lighting, custom maple cabinetry and a granite wetbar. There is an open porch with an outdoor kitchen freestanding in the yard. After physical review of the property, it was found that the attached garage is used for vehicles and was not converted to living space as had been assumed. A jetted tub in the master bedroom was also removed. After reflecting these changes, the revised 2011 estimated market value is $677,200. The enclosed sales comparables completed by the Assessor's office compares the subject property to five properties. Four comparables are Hennepin County waterfront sales on oversized lots. One is a similar Brooklyn Center property located off water with a Twin lake view. Comparable three is considered the most comparable to the subject property, having the most shoreline, located on a two acre parcel, and having a private well and septic system. The indicated range of adjusted sale prices on the five comparables range from $674,525 - $763,000. The Assessor's report also includes market data with one additional oversized lakefront sale that occurred in November, 2010. This data has been included to show recent sales activity for oversized lakefront property in Hennepin County. 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430 -2199 (763) 569 -3400 City Hall & TDD Number (763) 569 -3300 FAX (763) 569 -3434 FAX (763) 569 -3494 www.cityofbrooklyncenter.org Mr. Kevitt submitted an appraisal completed for financing dated November 5, 2010. This appraisal compared the property to four lakefront sales and three active lakefront listings. Sales one, three, and four were rejected by Hennepin County as not open market. Sales seven, eight, and nine were active listings in Mr. Kevitt's appraisal. Both seven and eight are still actively listed in the multiple listing service. The property identified as nine in Mr. Kevitt's appraisal has since sold for $849,900. Sales two and nine from Mr. Kevitt's submitted appraisal have been included in the Assessor's report. It is the recommendation of the Assessor's office to reduce the 2011 estimated market value for the property at 5306 Perry Ave N from $686,000 to $677,200 for taxes payable in 2012, based on the characteristic changes. This places Mr. Kevitt's property within the range of adjusted sale prices for comparable oversized lakefront properties. Respectfully submitted, Nancy ojcik MA Y J , City Assessor City Of ' BROOKLYN CENTER 1 2011 Local Board of Appeal and Equalization ' Walk in appeal Scott Kevitt ' 5306 Perry Ave N 10- 118 -21 -22 -0001 1 _ , 2011 Assessed Value: $686,000 Recommendation: Reduce 2011 EMV to $677,200 This report is not an appraisal as defined in M.S. §82B.02 (subd.3) nor does it comply with the Uniform Standards of Professional Appraisal Practice. It is intended to be used as a reference only and any use other than its intended use is prohibited and unlawful The author does not represent this to be an appraisal and is not responsible for any inappropriate use. It is a report of public records using a mass appraisal technique. 1 City of Brooklyn Center Assessing Department ' 2011 Local Board of Appeal and Equalization Staff Report Walk in appeal Property Owner(s): Scott Kevitt Property Address: 5306 Perry Ave N ' PID #: 10- 118 -21 -22 -0001 Market Value ' Assessment Year 2011 $686,000 Assessment Year 2010 $710,700 ' Assessment Year 2009 $675,800 Sale: June 1, 1986 - 115,000 (11 - Other) ' Comments: Subject property is a 1,500 square foot split level home with an attached 2 car and a detached 4 ' car garage located on an oversized 2.31 acre private peninsula in upper Twin lake. Property has an excellent unobstructed panoramic Twin lake view with approximately 1,000 feet of shoreline. ' Property is not hooked up to city services and has a private well and septic system. The property has had extensive remodeling with high end finishing throughout. The main level of the property includes an updated kitchen with maple and granite finishes, family room with fireplace, formal ' living room, one bedroom with walk in closet and private 3/4 bath. The lower level includes family room with granite wet bar and fireplace, 2 bedrooms, finished laundry room, and a 3/4 bath. The attached garage has been improved with in floor heat, finished walls with recessed lighting, and custom maple cabinetry. The detached garage constructed in 2007 has in floor heat, finished walls with recessed lights, custom maple cabinetry, and a granite wetbar. There is an open porch with an outdoor kitchen feestanding in the yard. Assessor Recommendation: Reduce 2011 EMV to $677,200 Appraiser: Last Inspection Date: Jill Brenna April 5, 2011 2011 Board of Appeal and Equalization Walk in appeal ' Subject Data Summary Y ' PID #: 10- 118 -21 -22 -0001 Property Address: 5306 Perry Ave N Brooklyn Center, MN 55429 ' Multiple Address: No Lot/Block: 000 /000 Addition: Unplatted 10 118 21 Legal(120): LOT 5 EX R R LAND 1 Owner(s): Scott Kevitt ' Property Classification: Residential Lakeshore - Homestead 2011 EMV: 686,000 2010 EMV: 710,700 ' 2009 EMV: 675,800 Last Sale: 6/1/1986 - 115,000 - Other - 11 Lot Size: 100,687 Sq.Ft. / 2.31 Acres Zoning: R1 ' Dwelling Type: Single Family Style: Split Level Bedrooms: 3 ' Baths: 2 Actual Year Built: 1960 Gross Building Area: 1,500 ' Basement Area: 1,500 Bsmt Finished %: 90 Garage #1: 4 Car Detached Garage #2: 2 Car Attached 2011 Board of Appeal and Equalization Walk in appeal M All r MW ma i 14 �... r .x • 1 1 � 1 1 �� \ '� � �� 1 -'� � � �i � � ,. `- �i � � � ,� � fir �, , -. - � t s� :-.• — - 1 �, _ �:.. . _ -. n � � 1 ►.?�. • � ��� � j� ��� � � �� � j �A .. ` 11 } .F, yd� .� ra _ cta � r. { 3 - ��`1 �.. +_ � � r .r -- - i -, Y_ ,y �� -. - :�v- • 1 1 1� 1 1 s- y - y ! f t +; y �r1vr Ty ti s S4t - 1 1 :1. 1 /� / I / // • 1 1 1 1 I 1 6� a`; ,. 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Q V lilt ca r� 0 0 0 N Additional Subject Photos ' i a Detached garage 2011 ' r Outdoor kitchen 2011 2011 Board of Appeal and Equalization Walk in appeal r f � 1 ��. ��•�� iii' a1 ° * 41 �, a J da Luv sw► f; 7, j • 1 1 1 1 ' 1 1 1 low oil 7 1 11111 s y� - .ifJw r: r. .� . • 1 - 3 / f• �F 1 .�r- ' Additional Subject Photos i r �,. 77 z�rsn a , .mat ,� � ♦ .., a ,� -,t ' ". t " �Fc �` .� �'�, a y � , View from patio 2011 j = fit. _ x View lookim north 2011 2011 Board of Appeal and Equalization Walk in appeal Additional Subject Photos ' First floor family room 2011 , 9Q" - -- - wv s i 1 First floor family rm & fpl 11 2011 Board of Appeal and Equalization Walk in appeal Additional Subject Photos - _ ? MOW- .__ - t �T . a i:. Kitchen 2011 Living room 2011 2011 Board of Appeal and Equalization Walk in appeal Additional Subject Photos =fit r f � Main entry 2011 I F 1 f+ Master bedroom alcove 2011 2011 Board of Appeal and Equalization Walk in appeal • �� � �' � � �VI.�, I � � ,, ___-- ,� � i i ' ,� �' II i � _ l � _. � '�' a u � � � JS � ' � I �Y 1 + y .._��� _ �' '. . -. �. i �� < ,... � � . ,, G �, � � .. i A � 3 a 1' � '} , •• I � a I 1 g, � 1 AAA° ` � a. i � �. . f � � w ,, 'fir. _ , s` � � _� ��� -. �' • 1 1 1 1� 1 1 i ,V i 1. a MomVI 1 Al i t i 1 1 i 1• 1 1 � 1/" / 1 1 •/ 1" Additional Subject /hot R \ ^ © ^ « \ {^ ^■ . » \> «.. . t « Basement fi »+ 2011 ©:: e •za ! §I � � ~— � • �� - - l� \ /� : � . -4e . ` . w, Basement bedroom 2 !! 2011 Boa « Appeal and Equalization Walk in appeal Additional Subject Photos �y G f Basement bedroom 2nd view 2011 t _ t r` a:s Basement laundry room 2011 2011 Board of Appeal and Equalization Walk in appeal Additional Subject Photos low k � I a i �r tG, a .Y 13,i��mr��t h,i!hloom 2011 i i i i s i Basement bathroom shower 2011 2011 Board of Appeal and Equalization Walk in appeal • 1 1 ' 1 1 i 1 1 ti � mv- I � .Y l / N4 IWA Additional Subject Photos Basement family room 2011 Ai t -- j J '`r°+�. ... t �-• it , Basement famil rm wetbar 2011 2011 Board ol'Appeal and Equalization Walk in appeal Additional Subject Photos C' ,.vy lY Basement family rm 2 2011 7 Basement family rm fpl 2011 2011 Board of Appeal and Equalization Walk in appeal Additional Subject Photos Interior detached garage 2011 _s :9 Detached garage cabinetry 2011 2011 Board of Appeal and Equalization Walk in appeal • 1 1 � 1 1 F l - - low i I� �I �- 1 Additional Subject Photos 9� ��w •���� . , ��! e, _ .�:,} � - y - 't ,±� '`v' � � �R' �� y. Front entry 2011 I 1 — - Exterior 2011 2011 Board of Appeal and Equalization Walk in appeal Additional Subject Photos 4 . .r Exterior & deck 2011 f Lxterior looking east 2011 2011 Board of Appeal and Equalization Walk in appeal Additional Subject Photos A 1 $ y �fiiit i From across lake 201 1 r ` 1� Most of peninsula 2011 2011 Board of Appeal and Equalization Walk in appeal 0 Additional Subject Photos I Y ' c Whole peninsula 2011 Ot i Peninsula pan 12011 2011 Board of Appeal and Equalization Walk in appeal • 1 1 1� 1 1 e c.. y Y f /�� 'Y..!L_ti S. r : �_¢• ��Y 1.�A y T s _ � - T � ���y _ �..t"„°'•. rI .L:. �•�� "�' Y 1 v IMIM fi 14 • • 1 1 1 1 1 - � ,� A. �,�: kSr ;�. � Pc... �'. :• DIY � - •:at v Vo tip =_ � \�1.1.aar � r a��►�. \ Y � `# r �� 4 4ti Y .._ . • • • 11 MI Subject Sketch with outdoor kitchen -4 0E C K ............ 4 Z t .1 - 337 -f op pch 273 sf ! 113 r 30 21' 61, First Flo -r 1 500 m 24' 4 27' -- J 24' "'PATIO 4' 337.1 30' 51 First Floor 525 sI deck 22' 602 sf Garage 1128--1 21' 26' 1500 sI 27' 24' ' 2011 Board of Appeal and Equalization Walk in appeal 0 1 0 Report Name: Permit List City of Brooklyn Center Printed: 4/15/2011 Permit List Page: 1 Permit List for: 5306 Perry Ave N Permit # Unit Value Permit Type Sub Tyne Work Type Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BCO38118 $300 Mechanical Gas Piping Replace GAS LINE TO GRILL 05/15/2009 06/18/2009 BCO38010 $2,900 Mechanical Furnace Replace INSTALL INFLOOR 05/01/2009 01/28/2011 HEAT IN GARAGE,ELCTRIC BOILER BCO34447 $6,300 Mechanical Undefined Addition INSTALL INFLOOR 09/17/2007 11/05/2007 RADIANT HEAT BCO34444 $2,650 Plumbing Water Heater Addition INSTALL FLOOR 09/17/2007 11/01/2007 DRAINS AND WATER HEATER IN NEW GARAG BCO34432 $3,000 Electrical Garage /Shed Replace TRENCH TO 09/17/2007 12/06/2007 DETACHED GARAGE, 60AMPS, 8 CIRCUITS BCO33910 $25,000 Building Garages Addition NEW GARAGE 08/10/2007 11/01/2007 19X22.5 BCO27737 $4,000 Electrical Residential 1 & 2 Famil; Remodel /Alteration REMODEL KITCHEN, 07/29/2005 01/25/2006 INSTALL IN -FLOOR HE BC008167 $2,500 Building Residential Single Fami! Replace TEAROFF /REROOF 06/30/1997 12/29/1997 BC001507 $2,500 Building Residential Single Famil Repair SEPTIC DRAIN FIELD 01/19/1993 06/07/1993 Permit Count: 9 Hennepin County Property Map Print Page 1 of 1 P Y Property P- I; Hennepin Count Pro ert Ma Tax Year: 2011 ! 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. � !I ! Hennepin County does not guarantee the accuracy of material herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. S r "AVLr H 1 56TH AVE N � � 4 fr f WILSHIRE BLVD 6 U 7 .4 r S. . f -1 _ I { + TWIN LAKE TER 0V + 54TH AVE N c I ; { PERRY CIR N , 53RD AVE N +, "� e� r ]-:• CP RAIL RR •Y: 1 •T -1 4.: z r, 52ND AVE S : -�. t 4 .,s. 51ST AVE N a IAN r -- AD W .9 BERNARD AVE N' - .# - - • � `•� r {t' - do 1 Selected Parcel Data Date Printed: 4/14/2011 9:07:04 AM Parcel ID: 10- 118 -21 -22 -0001 Current Parcel Date: 4/6/2011 Owner Name: SCOTT KEVITT Parcel Address: 5306 PERRY AVE N , BROOKLYN CENTER, MN 55429 Property Type: RESIDENTIAL LAK Sale Price: $115,500.00 Homestead: HOMESTEAD Sale Date: 04/1986 Area (sclft): 100687 Sale Code: WARRANTY DEED Area (acres): 2.31 A -T -B: ABSTRACT Market Total: $710,700.00 Tax Total: $13,273.82 1 http:// gis. co. hennepin. mn.us /HCPropertyMap /Locator.aspx 4/14/2011 M ,•�•. •� _ •f =•� FF C omparab le C omparab le r• � T* k , . 'Itq I. , 1 � , � IT� + ice; F �: -' (•� y C omparab le f t T .g. SIw' . Item Sub'ect Com arable 1 Comparable 2 Comparable 3 PID 1011821220001 0311821240022 0611621230023 3011822310013 Address 5306 Perry Ave N 5701 June Ave N 6728 Indian Hills Rd 1725 Troy Lane N City Brooklyn Center Brooklyn Center Edina Plymouth Sale Price $240,225 $714,000 $745,000 Sale Date 03/31/2010 6125/2010 12/1/2009 Cash Equivalent Price $240,225 $714,000 $745,000 Price Per Sq. Ft. $139.34 $285.48 $210.15 Style Split Level Split Level Rambler Rambler Property Area 100,687 18,289 53,329/36,463 usable 92,004 Lake Twin Off Water Arrowhead Mooney Flood Plain Yes Yes Yes No View Appx 1,000 feet Seasonal Twin lake Appx 100 feet Appx 208 feet shoreline_ view shoreline shoreline Actual Age 1960 1969 1961 _T 1950 1st Floor Area 1,500 1,724 2,501 3,492 Total GBA 1500 1,724 2,501 3,492 Finished Area 2,850 2;932 4,121 3,492 Basement Area 1,500 1,610 3001 0 Basement Finished ( %) 90% 75% 54% 0% Total Bedrooms 3 5 4 4 Total Bathrooms 2 3 4 3 Garage Floor Area 1,653 594 1075 1404 Garage Stalls 6 2 4 5 Garage Placement Attached /Detached Attached Tuck Under /Attached Attached /Detached Walkout Type Standard Walkout Standard Walkout Air Conditioning Central Central Central None Fireplaces 2 1 3 3 Deck Area -Total 939 595 374 Porches 273 555 196 Influences Well & septic City water & sewer City sewer & water Well & septic Lake Twin Off Water Arrowhead Mooney Site Acreage 2.31 Acre .42 Acre 1.22/.84 usable 2.11 Location /Size Ad' $425,000 $50,000 Influence Ad' _ $15,000 $15,000 S . Ft. Ad' $10,800 $48,000 $95,600 Add BsmtAdj $1,100 $15,000 $15,000 Garage Ad' _ $34,800 $17,400 $8,700 Walkout Adj $6,500 $6,500 Bath Ad' _ $7,000 $14,000 ($7,000) Air Conditionin Ad' $3,000 Porch Ad' $3,500 $3,700 $1,000 Fireplace Ad' $3,500 $3,500 $3,500 Deck Ad' _ $4,500 $7,300 $12,200 Fin Bsmt Ad' _ $3,400 $6,500) $32,400 Misc. Ad' Total Ad' _ $434,300 ($37,500 ) ($33,800 Market Ad' Value $674,5 Hennepin County Property Map Print Page 1 of 1 Hennepin County Property Map - Tax Year: 2011 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. t dc 1 gut.. ifr^ 58TH AVE N .y . M .�.4.., T` z - v 1 �' 'fG.a l'I�y r �,� :;' t?•.U' �', t,4.1} �. `� fr } (" �. _ r — �t��1 .'Y L Y• � ' T �`� w ` `. ji Uj o o f } k FRANCE PL . '� 1117-1 t 71 1 J. 57TH AVE N r 58TH PL N y BURQUIST LA t � A � 56TH AVE N ' rt e Selected Parcel Data Date Printed: 4/14/2011 8:59:59 AM Parcel ID: 03- 118 -21 -24 -0022 Current Parcel Date: 4/6/2011 Owner Name: STEVEN MOY & LINDA MOY Parcel Address: 5701 JUNE AVE N , BROOKLYN CENTER, MN 55429 Property Type: RESIDENTIAL Sale Price: $240,225.00 Homestead: HOMESTEAD Sale Date: 03/2010 Area (sgft): 18289 Sale Code: WARRANTY DEED Area (acres): 0.42 A -T -B: TORRENS Market Total: $232,800.00 Tax Total: $3,928.64 http: / /gis.co. hennepin. mn.us /HCPropertyMap /Locator.aspx 4/14/2011 Hennepin County Property Map Print Page 1 of 1 Hennepin County Property Map - Tax Year: 2011 I I The data contained on this page is derived from a compilation of records and maps and may contain discrepancies that can only be disclosed by an accurate survey performed by a licensed I i I land surveyor. The perimeter and area (square footage and acres) are approximates and may contain discrepancies. The information on this page should be used for reference purposes only. 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. .. .... ..... _____ F� s' I gs � 9r I' t 44 •' �. to r ,} j' f < r I . e P �;r I A. I LA Selected Parcel Data Date Printed: 4/14/2011 9:04:14 AM Parcel ID: 06-116-21-23-0023 Current Parcel Date: 4/6/2011 Owner Name: P F HOFFORD & M R HOFFORD Parcel Address: 6728 INDIAN HILLS RD , EDINA , MN 55439 Property Type: RESIDENTIAL LAK Sale Price: $714,000.00 Homestead: HOMESTEAD Sale Date: 06/2010 Area (sclft): 53329 Sale Code: WARRANTY DEED Area (acres): 1.22 A -T -B: ABSTRACT i Market Total: $780,700.00 Tax Total: $10,329.54 http: / /gis.co. hennepin. mn .us /HCPropertyMap /Locator.aspx 4/14/2011 Hennepin County Property Map Print Page 1 of 1 Hennepin County Property Map - Tax Year: 2011 (I 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. !� i Hennepin County does not guarantee the accuracy of material herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. i - - TROY N. V 02 * i I i� IZ ii I' 'r i t . , rr I I • , II -. rd,4�9 it ;I I I! II 1 iI 1 _ � t � L 14. s .. A Selected Parcel Data Date Printed: 4/14/2011 9:05:12 AM j Parcel ID: 30- 118 -22 -31 -0013 Current Parcel Date: 4/6/2011 II Owner Name: JOHN C PASNAU Parcel Address: 1725 TROY LA N , PLYMOUTH , MN 55447 j Property Type: RESIDENTIAL LAK Sale Price: $745,000.00 j Homestead: HOMESTEAD Sale Date: 12/2009 Area (scift): 92004 Sale Code: CONTRACT FOR DEE Area (acres): 2.11 A -T -B: TORRENS Market Total: $731,800.00 Tax Total: $9,919.24 I: http: / /gis.co.hennepin. mn.us /HCPropertyMap/Locator.aspx 4/14/2011 r e X� r a- `'rA}• ;s�� � ' �{t ° `. — s,.� 7Ai���ra* � .+ �. C omparab le { � S . � _� +► r 4 'kg C omparable Item Sub eect Comparable 4 Comparable 5 PID 1011821220001 2611822140049 2311822340103 Address 5306 Perry Ave N 267 Peninsula Rd 2830 Medicine Lake Dr City i Brooklyn Center Medicine Lk Plymouth Sale Price $600,000 $730,000 Sale Date 2/22/2010 12/14/2009 Cash Equivalent Price $600,000 $730,000 Price Per Sq. Ft. $535.71 $244.15 Style Split Level Split Entry Two Story Property Area 100,687 30,649 40,806 Lake Twin Medicine Medicine Flood Plain Yes Yes Yes View Appx 1,000 feet Appx 155 feet Appx 75 feet shoreline shoreline shoreline Actual Age 1960 1966 1985 1st Floor Area 1,500 1,120 1,458 Total GBA 1500 1,120 2,740 Finished Area 2,850 2,016 3,858 Basement Area 1,500 1,120 1,398 Basement Finished ( %) 90% 80% 80% Total Bedrooms 3 3 5 Total Bathrooms 2 2 4 Garage Floor Area 1653 480 720 Garage Stalls 6 2 3 Garage Placement Attached /Detached Attached Attached Walkout Type Standard Walkout Standard Walkout Air Conditioning Central Central Central Fireplaces 2 2 3 Deck Area -Total 939 88 660 Porches 273 360 256 Influences Well & septic City water & sewer City sewer & water Lake Twin Medicine Medicine Site Acreage 2.31 Acre .70 Acre 0.94 Location /Size Ad' $100,000 $100,000 Influence Ad' $15,000 $15,000 S . Ft. Ad' $18,200 $59,500 Add BsmtAd' $3,800 $1,000 Gara Agj $34,800 $26,100 Walkout Ad' $6,500 $6,500 Bath Ad' $14,000 Air Conditioning Ad' Porch Ad' $1,100 $200 Fireplace Ad' $3,500 Deck Ad' $11,100 $3,600 Fin Bsmt Ad' $10,900 $5,600 Misc. Ad' $5,000 Total Ad' $156,200 $33,000 Market Ad' Value $756,200 1 $763,000 Hennepin County Property Map Print Page 1 of 1 i Hennepin County Property Map - Tax Year: 2011 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. �I Hennepin County does not guarantee the accuracy of material herein contained and Is not responsible for any misuse or misrepresentation of this information or its derivatives. A f hIh �L li y ri S(f1-4 RD fi - s i Selected Parcel Data Date Printed: 4/14/2011 9:02:50 AM Ij Parcel ID: 26- 118 -22 -14 -0049 Current Parcel Date: 4/6/2011 Owner Name: P I ANDERSON ET AL TRUSTEES ji Parcel Address: 267 PENINSULA RD ,MEDICINE LAKE , MN 55441 � Property Type: RESIDENTIAL LAK Sale Price: $600,000.00 li Homestead: NON - HOMESTEAD Sale Date: 02/2010 Area (sgft): 30649 Sale Code: WARRANTY DEED i Area (acres): 0.70 A -T -B: TORRENS it Market Total: $620,000.00 Tax Total: $8,798.88 _ -._ - .- -- -- - -- - — - -- -- - —,_— _ II http: / /gis.co. hennepin. mn .us /HCPropet /Locator.aspx 4/14/2011 Hennepin County Property Map Print Page 1 of 1 Hennepin County Property Map - Tax Year: 2011 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. f ? ar (' 2 9T 11 AVE N _ • 9 ti:ry ,n� 1 ...a -- t ` z 28TH s ti� y y r ,t 29TH AVE N -.• 28TH AV! N z j r *7 A Selected Parcel Data Date Printed: 4/14/2011 9:05:57 AM j Parcel ID: 23- 118 -22 -34 -0103 Current Parcel Date: 4/6/2011 Owner Name: W W MCCLAREN & P 3 THURMES Parcel Address: 2830 MEDICINE LAKE DR W , PLYMOUTH , MN 55441 Property Type: RESIDENTIAL LAK Sate Price: $730,000.00 Homestead: HOMESTEAD Sale Date: 12/2009 1 Area (scift): 40806 Sale Code: WARRANTY DEED Area (acres): 0.94 A -T -B: TORRENS Market Total: $739,300.00 Tax Total: $9,958.74 http: / /gis.co.hennepin. mn.us /HCPropertyMap /Locator.aspx 4/14/2011 Y \ 9J n 252 Zit ;enfietd � o �`r Eag.+ 252 Fridley :rah Lake enter Ards Q alghlon PikoLuke Co` p — — — �te Loretto Ni3ltop: 'yr9ht S5 r 1 New Hop eo Robbinsdale - Columbia .. c. . Independence Heights t StAnthon+ rndence �iym uth comp 5 oMedina \ } ; ap:e Plain Com 3 cive _ p � Comd�4. '- R4edirine Lane ;9 Lai derdai a 11 `��Orono° Long Lake ° Golden � ti5, �1 tE , ° Valley / _;169 n -. -1 Minneapolis Stubbs Lay 281) ° 17 �blray Oa c Knoll 3/tibbsBay 12� -`--~' Saga Ili 11 H A E N N E! P I N Y O o ry "tall3ny Grays `. C sral say ((II t Lou_ is Park Bsy ML'nneton ..,a Beach G rovell ' trnrietunka h9ills 1� . Lake � o !t r do °Spring Park Minnetonka _ Calhoun w Wk psland Park ' °' 4 Deephaven \ 7 ktns Lake 6 T Tenka Bay 1 dina ke . 1 tonka' Eureka ° Glen ` ake Snorz.voo_d° Excelsior Oak errace ••• ••�( •Christm,asLake �. X 62' Com z. S5 "A'le ~; y Ric b Carver dea: h r ko Idinnowashfa ° Brya Lake .: Chanhae LL JJ Fort ss Ahvood Victoria 101 Eden Praine © 1 Microsoft 12" © P 201crosoft oration 2 0 NAVrE Q k'N tS l COMPARABLE SALES MAP COMPARABLE 41 5701 June Ave N, Brooklyn Center COMPARABLE #2 6728 Indian Hills Rd, Edina COMPARABLE #3 1725 Troy Ln N, Plymouth COMPARABLE #4 267 Peninsula Rd, Medicine Lake COMPARABLE #5 2830 Medicine Lake Dr, Plymouth Market Data 1 21 . qtr' ... �„ • �rK ,. � �1� �, , / �.+� i � • - � � '�` "'� ;,y� � � � �. NEW SALE Market Data ✓� V Item Subject - NEW SALE PID 1011821220001 1902924210003 Address 5306 Perry Ave N 1040 Angelo Dr City Brooklyn Center Golden Valley Sale Price $836,200 Sale Date 11/19/2010 Cash Equivalent Price $836,200 Price Per Sq. Ft. $469.96 Style Split Level One Level Rambler Property Area 100,687 55,444 Lake Twin Sweeney Flood Plain Yes No View Appx 1,000 feet Appx 153 feet _ shore _ shoreline Actual Age 1960 1955 1st Floor Area 1,500 1,818 Total GBA 1500 1,818 Finished Area 2,850 3,454 Basement Area 1,500 1,818 Basement Finished ( %) 90% 90% Total Bedrooms 3 4 Total Bathrooms 2 3 Garage Floor Area 1,653 686 Garage Stalls 6 3 Garage Placement Attached /Detached Attached /Detached Walkout Type Standard Walkout Air Conditioning Central Central Fireplaces 2 1 Deck Area -Total 939 677 Porches 273 373 Influences Well & septic City water & sewer Lake Twin Sweeney Site Acreage 2.31 Acre 1.27 Acre Location /Size Ad' Influence Ad' ($15,000) Sq. Ft. Adj $15,300 Add Bsmt Adj _ $3,200 Garage Adj _ _ $26,100 Walkout Ad' $6,500 Bath Ad' $7,000 Air Conditionin A9 jd _ Porch Adj $1,300 Fireplace Adj _ $3,500 Deck Adj $3,400 Fin Bsmt Adj _ _ ($6,900) Misc. Ad' _ Total Ad' $22,200 Market Ad' Value 01 1 Hennepin County Property Map Print Page 1 of 1 Hennepin County Property Map - Tax Year: 2011 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. j 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. 'I ` z 0 SPRING VALLEY RD +� Yi' h-��N•. i � ��. •f•4a1'� '. !I _ ALFRED RD li - � r u .e 4C r- = I K !I THOTLAND !� V yy d e O 7 lit RAILROAD TRKS LILAC DRN I 4 I _ — -------- - - - - -- - - - - -- Selected Parcel Data Date Printed: 4/14/20119:01:26 AM Parcel ID: 19-029-24-21-0003 Current Parcel Date: 4/6/2011 Owner Name: AMANDA M CIALKOWSKI ET AL Parcel Address: 1040 ANGELO DR, GOLDEN VALLEY, MN 55422 Property Type: RESIDENTIAL LAK Sale Price: $836,200.00 Homestead: HOMESTEAD Sale Date: 11/2010 Area (scift): 55444 Sale Code: WARRANTY DEED Area (acres): 1.27 A -T -B: ABSTRACT Market Total: $762,000.00 Tax Total: $12,313.44 44 http: / /gis.co. hennepin. mn.us /HCPropertyMap /Locator.aspx 4/14/2011 Ludmila Bryskina 5601 Indiana Ave N., Brooklyn Center PI D # 03- 118 -21 -31 -0082 Review owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Owner may provide additional documentation regarding the market value or classification. • 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. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: • Make no change and sustain the 2011 estimated market value or classification. • Reduce the 2011 estimated market value. • Increase the 2011 estimated market value. If the owner(s) 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. CITY OF BROOKLYN CENTER LOCAL BOARD OF APPEAL AND EQUALIZATION 2011 Assessment APPLICATION FOR APPEAL February 2 2011 through March 18, 2011 You must return this application by March 18, 2011, to be placed on the Agenda for the Local Board of Appeal and Equalization held April 4, 2011 at 7:00 P.M. Name(s) fO Daytime Contact Number: Property Address © 4..e e el1-e Property Identification Number /31 Assessor's 2011 Estimated Market Value 3V Is your property residential, commercial or multi- family? If you are appealing a commercial, multi - family or residential rental property you must include inco a and expense data for calendar year 2010 with your application. What is the reason you are appearing your 2011 assessment? 3 �S When did you purchase your ome? Date of Purchase / 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, a purchase agreement or market analysis by a real estate agent completed within the last year? DYesor No If so, what was the determination of value? _ What do you think the mar et value of your property should be? I _ Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. ASSESSOR'S REPORT City of Brooklyn Center A Millennium Community TO: 2011 Brooklyn Center Local Board of Appeal and Equalization RE: Leonid Bryskin Ludmila Bryskina 5601 Indiana Ave N Brooklyn Center, MN 55429 Mrs. Bryskina appeared as a walk -in before the Local board of appeal and equalization on April 4 2011. The Board directed Mrs. Bryskina to make an appointment with the Assessor's office to review the interior of her property at 5601 Indiana Ave N. Mrs. Bryskina's property was reviewed Tuesday, April 5th, 2011 with an appraiser from the Assessor's office. The property is a 1,638 square foot rambler with a two car detached garage. A second garage /boathouse is located lakeside. The original exterior is in average condition. The interior has had updates to the main floor and basement bathrooms, as well as new basement carpet in 2009. The main level includes a living, dining, kitchen, one full and one 3 / bathroom, three bedrooms, and a gas fireplace. The basement is finished with a family room, one bedroom, a % bath, a finished laundry room with cabinetry, and a fireplace. The basement has a full back walkout giving the lower level full daylight and lake view. After physical review of the property, changes were made to the overall condition to reflect several fogged casement windows, worn floor coverings on the main level, and a few general maintenance concerns at the property. After reflecting these changes, the revised 2011 estimated market value is $294,400. The enclosed sales comparables completed by the Assessor's office compares the subject property to four properties. Two comparables are lake sales, and two have lake views. All lakefront properties are located within flood plain designations. Comparable one has the least amount of adjustments and is considered the most comparable. The indicated range of adjusted sale prices on the four comparables range from $294,300 - $370,400. The Assessor's report also includes Twin lake market data with one Twin lake sale that occurred in December, 2010, and one pending Twin lake sale projected to close April 29, 2011. This data has been included to show recent sales activity on Twin Lake. Mrs. Bryskina submitted an appraisal completed for financing dated February 17, 2011. This appraisal compared the property to five sales and one active listing. Sales two and three were rejected by Hennepin County as not open market. 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 Sale one is located across the street from Twin Lake and has a secondary vacant parcel at lakeside. Although this was considered an open market sale, its placement across the street from Twin Lake makes it inferior to the subject property and is not considered the most comparable. Sales four and five, in addition to the active listing identified as six in Mrs. Bryskina's appraisal have all been used in the Assessor's report. It is the recommendation of the Assessor's office to reduce the 2011 estimated market value for the property at 5601 Indiana Ave N from $301,300 to $294,400 for taxes payable in 2012,' based on characteristic changes. This places Mrs. Bryskina's property within the range of adjusted sale prices for comparable lakefront properties. Respectfully submitted, lq" Nancy Wojcik, SAMA City Assessor City of .3 BROOKLYN CENTER 2011 Local Board of Appeal and Equalization Walk in Appeal Leonid Bryskin Ludmila Bryskina 5601 Indiana Ave N 03- 118 -21 -31 -0082 Al �5[ * _ 1 k _. ... ....ate• .�.jns . e ...- _ - . Mme: !F�"ANw�`• -- �' ... � _ � _ 2011 Assessed Value: $301 Recommendation: Reduce 2011 EMV to $294,400 This report is not an appraisal as defined in M.S. § 82B.02 (subd.3) nor does it comply with the Uniform Standards of Professional Appraisal Practice. It is intended to be used as a reference only and any use other than its intended use is prohibited and unlawful The author does not represent this to be an appraisal and is not responsible for any inappropriate use. It is a report of public records using a mass appraisal technique. City of Brooklyn Center Assessing Department 2011 Local Board of Appeal and Equalization Staff Report Walk in Appeal Property Owner(s): Ludmila Bryskina Leonid Bryskin Property Address: 5601 Indiana Ave N PID #: 1 03- 118 -21 -31 -0082 Market Value Assessment Year 2011 $301,300 Assessment Year 2010 $325,000 Assessment Year 2009 $339,300 Sale: March 22, 2011 - 272,000 (10 - Trustee Deed) Trust deed -not open mkt Comments: Subject property is a 1,638 square foot rambler with a detached two car garage and a boathouse at lakeside located on Upper Twin Lake. Property has an excellent unobstructed Twin Lake view. The elevation of the lot is lower than the adjacent homes to the north and requires the homeowner to carry flood insurance. The main level of the property includes an original kitchen, large living/dining combination, three bedrooms, one full and one 3/4 bath, and a gas fireplace. The lower level includes finished family room, one bedroom, finished laundry room with cabinetry, one 3/4 bath, and a fireplace. The lower level has a full back walkout giving the basement full daylight. The property has a gas fired boiler. The central air conditioning is vented on the main level only. This home has it's original exterior and windows that show average maintenance. The 3/4 and basement baths have been updated with new ceramic tile & fixtures. Assessor Recommendation: Reduce 2011 EMV to $294,400 Appraiser: Last Inspection Date: Jill Brenna April 5, 2011 2011 Board of Appeal and Equalization Walk in Appeal Subject Data Summary PID #: 03- 118 -21 -31 -0082 Property Address: 5601 Indiana Ave N Brooklyn Center, MN 55429 Multiple Address: No Lot /Block: 000 /000 Addition: Registered Land Survey No. 0960 Hennepin County, Minnesota Legal(120): TRACT B Owner(s): Ludmila Bryskina Leonid Bryskin Property Classification: Residential Lakeshore - Homestead 2011 EMV: 301,300 2010 EMV: 325,000 2009 EMV: 339,300 Last Sale: 3/22/2011 - 272,000 - Trustee Deed - 10 Lot Size: 14,323 Sq.Ft. / Acres Zoning: R1 Dwelling Type: Single Family Style: One Level /Rambler Bedrooms: 4 Baths: 3 Actual Year Built: 1963 Gross Building Area: 1,638 Basement Area: 1,613 Bsmt Finished %: 75 Garage #1: 2 Car Detached Garage #2: 1 Car Detached 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos . A AS _ y =: .x4 House & garage 2011 LL ,.� r'❖; A °i� 'y _ •n� i House 2011 2011 Board of Appeal and Equalization Walk in Appeal • 1 1 1 1 1 G r I dMik y � e t ' All n _ 4 1 r ( lye �'�Wkr;i[9Ry" • is i:. !I R AW AW I _ mw • 1 1 • 1 1 ' $v �� =•t;� I �,• ',fir•. S � �"�� � a `� ,. � �} ,.. j� at 4 t \ �' f �rJ µ . . _. •i Tf.. V. 4 .,,ex .. 4Mal:�N'•A? +: - �- . t _ _' <+"—�. n.,... -...w. ...adsiWs .: .Iwww. A�(i'�3 ,f Ad A VP Additional Subject Photos V s w I !r f is 1 Window exterior 2011 »a t -- - -- Lake VIe�V 2011 -- 2011 Board of Appeal and Equalization Val l: in -11 h nl Additional Subject Photos -`o 3 r;. Boathouse & lake 201 1 �f Rear view 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos a __ - - -- C f ` i t I Rear window exterior 2011 CCC�� yf� • r r k �- "� . Exterior lower level 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos 7. Y t r .r _ r' 4 Full back walkout i f•Y r '�' I t ..'� � j ., Boathouse garage interior 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos 1 1 i i y Exterior gable end 2011 i ,i Foundation corner 2011 2011 Board of Appeal and Equalization Walk in Appeal UL AF Fr 1 . :�� ��.`,� - � � � 1 1 �� - mom s •�� � 1 _ i 1114�1at�s Additional Subject Photos 4 ' Garage one wet corner 2011 f , y . Garage one et corner 2 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos S ' X ti � 4 l i �icr Z``��5�'Y.C + � w• °o'7'° "1 C' �: 0 to Retaining wall 2011 r � M Ceramic entry & open stair 11 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos r ,. i� 1 Kitchen 2011 1; f sw Kitchen dining area 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos � Y 14 _ Built in storage /formal dining ,i S yam Main living room 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos C I A w Living room fireplace 2011 t Main original ct bath 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos f y -3 Main bath shower 2011 f I r Main bath sink 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos Main floor bedroom 12011 1 \ Main floor bedroom 2 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos 1 .J Fogged window Mass 2011 Ak Bedroom ceiling stain 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos Master bedroom 2011 9 K Master 3/4 CT bath 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos I i t Master 3A bath sink 2011 t Open stair 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos IL rr ' ti Laundry room water ding 2011 Aw, Laundry room 2011 2011 Board of Appeal and Equalization Walk in Appeal ' l l 1 1� 1 1 ��� � �� � �� t , �� �: `" y 4:; C � -�� ; '� t t�r c ,- ..�,;. *'R'4�? t i. 11 � " ` F: �; 3 � ss � V� 7-��� E GK � ' p `�. "v �, L �� F � - i _� sK'� �?, 4 � �. .. _— :�;.�c�,,, i�"i� X' �'r ..:,"r� � ti _ a. �wr�� _. a �}r(�x'1 . � �.�� _�' P�A���r"�"�I "%'' `� iA+ - r`^^xifr � � s '1 � -j r f _ p ' �� s � T " i ,i.- r r � t - - � - i • � 1 1 1 i /. 1 1 � 11" 1 1 1 � 11" • 1 1 1 1 � 1 1 p! low- Ai o ► ` j 0 10 VA - 1 r t. 1 M • • •• • • I M Additional Subject Photos 4 � .y Updated basement bath 2011 I k i Basement bathroom 2011 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos y t T+ t * Y1 •yssya.. ] 4 Basement laundry rm 2011 Y ., Foundation corner outside laun 2011 Board of Appeal and Equalization Walk in Appeal Additional Subject Photos , { < Under decking boards 2011 1 t 1 r r T J - Threshold at walkout 2011 2011 Board of Appeal and Equalization Walk in Appeal f n . �'f •l �6 4 �F ...1 k xL � r a 1 Additional Subject Photos *0 . V . Elevation compared to neighbor 2011 Board of Appeal and Equalization Walk in Appeal Subject Sketch 35 b oy pch 200 st 13' First Floor 25' 25 sf 24' 12' 25' 14' '�v Game CA N GerEge N N First Flmr 578 M N 308 at 1813 M c', 13, 24' 14' 21' i• 26' 35' _ ........................ b ZEO - 13' 12' 25' M Base r+x3 t N 1813 sf bl N 13' 21' E- 26' Sketch by Apex K46-- Sketch 2011 Board of Appeal and Equalization Walk in Appeal Report Name: Permit List City of Brooklyn Center Printed: 4/15/2011 Permit List Page: 1 Permit List for: 5601 INDIANA AVE N Permit # Unit Value Permit Type Sub Type Work Type Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BCO25720 $200 Electrical Furnace /AirConditionel Remodel /Alteration INSTALL XCEL 10/12/2004 11/16/2004 ENERGY SAVER SWITCH Permit Count: 1 Ir p /wt `Y � •,. mass" j • � i �J. 'cwt ♦ � � � . s t '-. { \ � .. '-0 i •�'+P., .. Comparable 1 1 ' Comparable 2 I AOW Comparable 3 JL P` /S � a ! 1 /�• '1 l d- Comparable 4 �. i I ni� is sift Item Subject Comparable 1 Comparable 2 Comparable 3 Comparable 4 PID 0311821310082 1011821440005 0311821240022 0411821440019 2611822420008 Address 5601 Indiana Ave N 3320 46th Ave N 5701 June Ave N 5614 Twin Lake Terrace 1615 W Medicine Lk Dr City Brooklyn Center Robbinsdale Brooklyn Center Crystal Plymouth Sale Price $272,000 $264,000 $240,225 $300,500 $268,500 Sale Date 3/25/2011 11/20/2009 03/31/2010 10/8/2009 6/28/2010 Cash Equivalent Price $272,000 $264,000 $240,225 $300,500 $268,500 Price Per Sq. Ft. $166.06 $186.44 $139.34 $230.97 $209.77 Style One Level /Rambler One Level /Rambler Split Level One Level /Rambler Expansion Property Area 14,323 13,913 18,289 12,736 9,536 Lake Twin Ryan Off Water Twin Off water Flood Plain Yes Yes Yes Yes No View Appx 82 ft shoreline Appx 82 ft shoreline. Seasonal Twin lake Appx 63 ft shoreline Medicine lake and view frontacie road view Actual Age 1963 1950 1969 1962 1948 1st Floor Area 1,638 1,416 1,724 1,301 1,096 Total GBA 1,638 1,416 1,724 1,301 1,680 Finished Area 2,848 2,445 2,932 2,211 2,160 Basement Area 1,613 1,416 1,610 1,301 480 Basement Finished ( %) 75% 73% 75% 70% 0% Total Bedrooms 4 3 5 4 2 Total Bathrooms 3 3 3 2 1 Garage Floor Area 884 418 594 375 480 Garage Stalls 3 2 2 1 2 Garage Placement Detached Attached Attached Attached Detached Walkout Type Standard Walkout Standard Walkout Standard Walkout Air Conditioning Central None Central Central Central Fireplaces 2 1 1 2 1 Deck Area -Total 535 595 240 Porches 516 180 Influences Lake Twin Ryan Off Water Twin Off water Site Acreage .33 Acre .32 Acre .42 Acre .29 Acre .22 Acre Adjustments S . Ft. Ad' $9,500 $3,700 $14,500 $1,800) Add BsmtAd' $2,000 $0 $3,100 $11,300 Site Ad' $95,000 $42,000 Garage Ad' $4,500 $4,500 $9,000 $4,500 Walkout Ad' $6,500 $0 $0 $6,500 Bath Ad' $0 $0 $5,700 $11,300 Air Conditioning Ad' $3,000 $0 $0 $0 Porch Ad' $2,700 $4,100 $4,100 $4,100 Fireplace Ad' $3,000 $3,000 $0 $3,000 Deck Ad' $4,300 $4,800 $0 $2,000 Fin Bsmt Ad' $3,400 $0 $5,700 $23,000 Total Ad' $30,300 $98,100 $42,100 $101,900 Market Ad' Value $294,300 $338,325 $342,600 $370,400 _ 73rd Ave N SS Lake t7 j3 N �: �; 71stAvaN 152 ,252 _ grid 69th Ave N 69th Ave N _ E EHglo t ` 52 ,_ m Brooklyn w 4 10' = Lake C sstn Ave N f �Center_ 1 05 Mai Pike `° a ;100 w �7': r Lake t ➢ Z t r 1169; C ci County Road 47 2 1 T ' th Ave N 4 z y z ' � Bass Lake Rd z 4C�A1 i P Z r i scs 1 +�ppe ' 55th All! 14 ` i E) !I Lake �.3 Tilrin +37' ... l r - - 53rd Avo N LHke 45t ;.. - data — �� 50 N51stAve L � ke Rd � z s�� 'Qd 49th Ave N 102' `, `� p Cpti 4th Ye' 2 0 I ` �►, _ ��}hAv=N til JlewHope to `o Rocldord Rd 9 crystal Robbinsdale } ur z ° Z v Z i. z m } d O > ' - Clifton Z. � a � � � � � ¢ t Re Frnch gional 36th Ave N ` ° , r z3 " ` t 9 a tL ¢ ; t i �I mouth Z y fit : N 47 ° t x m Park z Z ' ¢ 32nd Ave N O z � � � � v� c) z N a a Lowry Ave N F rs c z hfedrein' LL 26th Ave N N �, L Z 26b) Ave ti Lake 70 Medicine Lake Rd o � 81 26th Ave N z z W' Z 3rd A ve a 23rd Ave N z e . Camp Gile,n &t __ . Golden Valley Rd - 56 Porkers E E Medicine Lake '. 6 r Lake LL E -- 156 i Theodore i 14bAvcN s ?' - t Q s Park t,r X — Golden With ^ , r rLlti. S lOthAveN Ava N _ o Valley - P �_.. s� : -Olson Memorial Hwy Mlnnet3palisy' ; M N- 4 gsmount Ave W 1 Western Ave 40 r- G( e n�' - -_ . 3S a `._: S� Oak Knoll Laurel love y 100 N13Y2a .:..2.(s iI - - Wayzata Blvd 12 Y•r a to blvd a. .-. A69`. M • 1 N N 208 M�crpoReifyoratA ® _ _ COMPARABLE SALES MAP COMPARABLE #1 332046 th Ave N, Robbinsdale COMPARABLE #2 5701 June Ave N, Brooklyn Center COMPARABLE #3 5614 Twin Lake Terrace, Crystal COMPARABLE #4 1615 W Medicine Lk Dr, Plymouth Twin Lake Market Data i NEW SALE �ti ff� rL' t .,i y . � t i5�-j• . ���� �.'v� ti 1 \ •�4.. S .i ,, . 1` ;.�.: 5 •r. ^•r ,t rl 1 ' PENDING SALE Twin Lake Market Data Item Subject NEW SALE PENDING SALE PID 0311821310082 0911821140015 0311821340034 Address 5601 Indiana Ave N 4917 Bernard Ave N 5433 Twin Lake Blvd E City Brooklyn Center Crystal Brooklyn Center Sale Price $272,000 $205,000 $299,900 Sale Date 3/25/2011 12/30/2010 PENDING Cash Equivalent Price $272,000 $205,000 $299,900 Price Per Sq. Ft. $166.06 $183.04 $180.66 Style One Level /Rambler One Level /Rambler One Level /Rambler Property Area 14,323 13,105 24,795 Lake Twin Twin Twin Flood Plain Yes Yes Yes View Appx 82 ft shoreline Appx 50 ft shoreline. Appx100 ft shoreline. % Pia em r,-QtriCtS view channel/ view Actual Age 1963 1951 1954 1st Floor Area 1,638 1,120 1,660 Total GBA 1,638 1,120 1,660 Finished Area 2,848 1,496 2,878 Basement Area 1,613 896 1,624 Basement Finished ( %) 75% 42% 85% Total Bedrooms 4 3 3 Total Bathrooms 3 1 2 Garage Floor Area 884 360 420 Garage Stalls 3 2 2 Garage Placement Detached Attached Attached Walkout Type Standard Walkout Standard Walkout Air Conditioning Central Central Central Fireplaces 2 2 Deck Area -Total 1,063 Porches 516 144 Influences Lake Twin Twin Twin Site Acreage .33 Acre .30 Acre .57Acre Adjustments S . Ft. Ad' $22,300 $1,000 Add Bsmt Ad' $7,200 $100 Site Ad' Garage Ad' $4,500 $4,500 Walkout Ad' $6,500 $0 Bath Ad' $11,300 $5,700 Air Conditioning Ad' $0 $0 Porch Ad' $3,000 $4,100 Fireplace Ad' $6,000 $0 Deck Ad' $0 $8,500 Fin Bsmt Ad' $15,800 $3,200 Total Ad' $76,600 $1,500 Market Adi Value $281,600 $301,400 ti Brett Hildreth 720 69 Ave N., Brooklyn Center PI D # 25- 119 -21 -34 -0008 Review owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Owner may provide additional documentation regarding the market value or classification. • 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. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: • Make no change and sustain the 2011 estimated market value or classification. • Reduce the 2011 estimated market value. • Increase the 2011 estimated market value. If the owner(s) 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. CITY OF BROOKLYN CENTER 2011 'LOCAL BOARD OF APPEAL AND EQUALIZATION Walk - In App4l Application Local Board of Appeal and Equalization held April 4, 2011 at 7:00 P.M. Name(s) rye' YL l Daytime Contact Number: Property Address � c A k! , A,/ Property Identification Number Assessor's 2011 Estimated Market Value t S cr Is your property residential, commercial or multi. family? If you are appealing a commercial, multi - family or residential rental property you will need to submit income and expense data for calendar year 2010 with your application. What is the reason you are appealing your 2011 assessment? „ 0 When did you purchase your home? Date of Purchase ' o Purchase Price i 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 costa Have you had a recent appraisal for refinancing, purchase or a market analysis by a real estate agent completed within the last year? �esor No If so, what was the determination of value ? Z.�,e What do you think the market value of your property should be? We will need to schedule an interior review of your prope within the week, is there a specific date or time that works best for you? �. Please rovide an documentation supporting ur claim of overvaluation or erroneous P Y pp g y classification with this application. In order to appeal your valuation an appointment to view the property will be required s s ' r F M % � t i g Researched and prepared by Subject Property Brett Hildreth Prepared exclusively for Brett's Transactions Brett Hildreth Comweil Banker Burnet 8616 Riverview Lane Brooklyn Park, MN 55444 (763) 227 -8614 BrHildreth@CB$umet.com Com A nalytis 720 69th Ave �N 2 BC - Brooklyn Center, 55430 Monday, April 4, 2011 Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis. Sold Listings Address Price Bds Bth TFSF $1Sq Built Style Sold Date DOM CDOM S =720 69th Ave N 3 2 1,918 1964 (SF) One St 10 . 3007 64Th Avenue $173,500 5 3 2625 $66 1959 (SF) One St 07/16/2010 153 153 3112 Ohenry Road $174,900 5 2 2292 $76 1958 (SF) One St 08124/2010 136 136 6807 Regent Avenue $159,999 4 2 1890 $85 1957 (SF) One St 06/30/2010 112 112 5842 Abbott Avenue $150,000 2 2 1391 $108 1954 (SF) One St 08/30/2010 87 87 7124 France Avenue $136,700 3 1 1040 $131 1957 (SF) One St 10/22/2010 69 69 3218 67Th Avenue $150,000 4 2 1597 $94' 1966 (SF) One St, 09/17/2010 11 11 5201 Eleanor Lane $149,000 5 3 2148 $69 1958 (SF) One St 10129/2010 33 41' 4106 71 St Avenue $145,000 4 3 1946 $75 1959 (SF) One St 09/24/2010 109 109 6236 Regent Avenue $146,900 5 2 1728 - $85 1958 (SF) One St 10/1912010 53 67 7125 W Palmer Lake Drive $144,900 4 2 1800 $81 1959 (SF) One St 08131/2010 45 45 7231 Bryant Avenue $140,000 3 2 1875 $75 1964 (SF) One St 06/24/2010 11 73 7055 Perry Avenue $140,500 4 2 1666 $84 1957 (SF) One St 06/08/2010 59 59 - 6800 Beard Avenue $136,000 3 2 1649 $82 1959 (SF) One St 0612412010 92 92 5736 Northport Drive $134,000 5 2 - 2178• $62 1956 (SF) One St 09/03/2010 75 103 4512 66Th Avenue $140,000 3 2 2000 $70 1959 (SF) One St 11/15/2010 49 49 3800 66Th Avenue $135,000 3 2 1887 $72 1953 (SF) One St 05127/2010 15 104 5300 Girard Avenue $140,000 4 2 1579 $89 1972 (SF) One St 06/30/2010 8 8 4825 71 St Avenue $130,000 4 2 1950 $67 1960 (SF) One St 07/21/2010 23 43 6306 Indiana Avenue - $131,800_ 3 2 2020 $65 1958 (SF) One St 12/01/2010 110 110 5925 Ewing Avenue $127,500 3 2 1484 $86 1956 (SF) One St 06/3012010 52 52 5827 Camden Avenue $127,500 2 1 1040 $123 2004 (SF) One St 06/10/2010 22 22 7019 Quail Avenue $119,900 2 2 1640 $73 1957 (SF) One St 11/0412010 179 179 Averages: $142,414 3.6 2.0 1792 $83 1961 68 78 I, Median of Comparable Listings: $140,000 Average of Comparable Listings: $142, On Average, the 'Sold' status comparable listings sold in 68.32 days for $142,414 Research and prepared by Breft Hildreth • rnparative, MaIrke,t Analysis M -'B .A I BC Monday, April 4, 2011 Minimums and Maximums This page summarizes key fields of the listings in this analysis. The listings in this analysis can be summarized as follows: Priced between $119,900 and $199,900 2 to 5 Bedrooms 1.00 to 3.00 Bathrooms 1,040 to 2,625 Square Feet $64 to $144 per Square Foot Built between 1953 and 2004 7 to 58 years old -� R N 5 p repared Comparafive Market Analysis 72OB9th Ave N BC - Brooklyn Center, 55430 Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. w _ o_ p; Subiect Property Details Details 720 69th Ave N 3007 64th Ave N 3112 Ohenry Rd MLS# 3881947 3888089 Status Sold ` - Sold Sold Sch Dist 11 - Anoka- Hennepin 279 - Osseo 279 - Osseo List Price $199,900 $179,900 Sold Price $173,500 $174,900 S. Cntrbtn $5;397 Off Mrkt 07/1912010 07/1212010 Dt Closed 07/16/2010 - 08124/2010 CDOM 153 136 Beds 3 5 5 Baths 2 3 2 Style ' (SF) One Story (SF) One Story (SF) One Story Abv Sqft 1,218 1,569 1,266 Blw Sqft 700 1,056 1,026 Total Sqft 1,918 2,625 2,292 Grg Stls 2 2.00 3.00 Prk Char Detached Garage. Driveway - Concrete Attached Garage, Detached Garage, Driveway - Concrete, Driveway._ Year Built 1964 1959 1958 Lk/ Wt Lot Sz 239XI60 (811 O)ACR -N 75X123X90X129 80x130 Acres 0.8 0.23 0.25 Fdtn Size 1,218 1,056 1,266 Ext Hardboard /Masonite Metal/Vinyl Metal/Vinyl, Stucco # FP 0 1 0 Bsmt Full, Partially Finished Finished (Livable), Egress Windows Full Amenit Hardwood Floors Kitchen Window, Hardwood Floors, Deck, Patio, Natural Woodwork Tied Floors Kitchen Window, Vaulted Ceiling(s), Researched 2nd prepared 55432-5962 7Wi227-8614 Comparative Market Analysb 20 69th BC - Brooklyn Center, • Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. r q; Subiect Property Details Details 720 69th Ave N 6807 Regent Ave N 5842 Abbott Ave N M LS# 3905570 3925923 Status Sold Sold Sold Sch Dist 11 - Anoka- Hennepin 286 - Brooklyn Center 281 Robbinsdale List Price $159,999 $151,000 Sold Price $159,999 $150,000 S. Cntrbtn $4,800 Off Mrkt 07/25/2010 08/12/2010 Dt Closed 0613010 08/30/2010 CDOM 112 87 Beds : 3 4 2 Baths 2 2 2 Style (SF) One Story (SF) One Story (SF) One Story . Abv Sqft 1,218 1,040 1,035 Blw Sqft 700r 850 356 Tote I Sqft 1,918 1,890 1,391 Grg Stis 2 2.00 3.00 Prk Char Detached Garage Detached Garage, Driveway - Attached Garage, Detached Garage, Asphalt, Garage Door Opener, No lnt Insulated Garage, Driveway - Year Built 1964 1957 1954 Lk /Wt Lot Sz 239X160 (8/10)ACR - 75 X 134 82.2 X 135:73 Acres 0.8 0.23 0.25 Fdtn Size 1,218 ; 1,040 1,035 Ext Hardboard /Masonite Metal/Vnyl, Brick/Stone Metal/Vinyl, Brick/Stone - * FP 0 0 1 Bsmt Full, Partially Finished Full, Finished (Livable), Day /Lookout Full, Finished (Livable), Day /Lookout Windows, Egress Windows, Concrete Windows Amenit Hardwood Floors Natural Woodwork, Kitchen Window, Deck, Porch, Kitchen Window, Tiled Hardwood Floors, Tiled Floors, Floors -PP- Researched and prepared by 13rett Hildreth 941 +iillwind Rd NE Fridley, MN 55432-5962 7.3-.27-.614 F Comp M An .. 72 0 .1 Av e BC - Brooklyn Center, 55430 Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. a 1 ,7 4 1 Subiect Propert y Details Details 720 69th Ave N 7124 France Ave N 3218 67th Ave N M LS# 3948796 3951609 Status Sold Sold Sold: Sch Dist 11 - ,Anoka- Hennepin 279 Osseo 279 - Osseo List Price $149,900 $149,900 Sold Price $136,700 $150,000 S. Cntrbtn $4,700 $7,10.0 Off Mrkt 09/22/2010 08102/2010 Dt Closed 10/22/2010 0911712010 CDOM 69 11 Beds 3 3 4 Baths 2 1 2 style (SF) One Story (SF) One Story (SF) One Story Abv Sqft 1,218 1,040 1,162 Blw Sgft 700 0 435. Total Sgft 1,918 1,040 1,597 Grg Stls 2 2.00 2.00 Prk Char Detached Garage Detached Garage, Driveway Detached Garage Concrete, Driveway Asphalt, Garage Year Built 1964 1957 1966 Lk/ Wt 1 S 75X155X78X1 49 Lot Sz 239X. 80 8140 ACR 0 Acres 0.8 0.22 0.27 Fdtn Size 1,218 1,040 1,162 Ext Hardboard/Masonite Stucco, Brick/Stone Stucco, Brick/Stone FP 0 0 2 Bsmt Full, Partially Finished Full Full, - Finished (L vable), Sump Pump, Egress Windows Amenit Hardwood Figs Patio, Natural Woodwork, Kitchen Patio Window, Hardwood Floors, Tiled �.��► I Research .prepa . 941 fldlvAnd Rd NE Fridfey, C M Ana lvsols - 7M ft Ave N BC -Bmoklyn Center, 55430 Monday, April 4, 2011 CMA Comparabies This page outlines the subject property versus comparables properties. III g� 1 Subject ProoertV Details Details 720 69th Ave N 5201 Eleanor Ln 4106 71st Ave N M LS# 3964487 3916174 Status Sold Sold Sold Sch Dist 11 - Anoka - Hennepin 279- Osseo 279 - Osseo -List Price $149,900 $147,000 Sold Price $149,000 $145,000 S. Cntrbtn $6,705 $4,350 Off Mrkt 09/28/2010 08/09/2010 Dt Closed 10/29/2010 09/24/2010 CDOM 41 109 Beds 3 5 4 Baths 2 3 3 Style (SF) One Story (SF) One Story (SF) One Story Abv Sgft 1,218 1,248 1,200 Biw Sgft 700 900 746 Total Sqft 1,918 2,148 1,946 Grg Stls 2 2.00 2.00 Prk Char Detached gage Detached Garage Detached Garage, Garage Door Opener Year Built 1964 1958 1959 Lk /Wt Lot Sz 239X160 (8110)ACR 90 X 127 S106x140x78x195 Acres 0.8 0.26 0.31 Fdtn Size 1,218 1,248 1,200 Ext Hardboard/Masonita Wood, Shakes Metal/Vinyl # FP 0 0 0 Bsmt Full, Partially Finished Full, Finished (Livable), Egress Full, Finished (Livable) Windows Amenit Hardwood Floors Patio, Natural Woodwork, Kitchen Patio, Kitchen Window, Hardwood VVinciow, Hardwood Floors, Tiled Floors, Tiled Floors, Washer /Dryer Researched and prepared by Brett Hildreth 941 HillvAnd Rd INE Fridley,WIN 55432-5962 763-227-m86114 ComparaflveMarketAnalvsis o . BC Brooklyn Center, 55430 Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. _ L.. %WWI .�: ,. ,..«.�..,.. 4? e > - t Subject Propert y Details Details 720 69th Ave N 6236 Regent Ave N 7125 W Palmer Lake Dr M LS# 3925361 3939072 Status Sold Sold Sold Sch Dist 11 - Anoka - Hennepin 279 Osseo 279- Osseo List Price $144,900 $144,900 Sold Price $146,900 $144,900 S. Cntrbtn $7,949 $4,500 Off Mrkt 07/29/2010 08/02/2010 Dt Closed 10119/2010 08/31/2010 CDOM 67 45 Beds 3 5 4 Baths 2 2 2 Style (SF) One Stony (SF) One Story (SF). One Story Abv Sqft 1,218 960 1,024 Biw Sqft 700 768 776 Total Sqft 1,918 1,728 1,800 Grg Stls 2 2.00 2.00 Prk Char Detached Garage Detached Garage Attached Garage, Driveway - Concrete, Garage Door Opener Year Built 1964 1958 1959 Lk/Wt: Lot Sz 239X180 (8110)ACR 75X135 E90X'f06X86X125 Acres 0.8 0.24 0.23 Fdtn Size 1,218 1 1,024 Ext Hardboard /Masonits Metal/Vinyl Wood, Stucco # FP 0 1 p Bsmt Full, Partially Finished Full, Finished (Livable), Egress Full, Finished (Livable), Egress Windows Windows Amenit Hardwood Floors Deck Patio, Hardwood Floors Researched .' 5 r Comparative Brooklyn Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. l a N F f Subiect Propert y Details Details 720 69th Ave N 7231 Bryant Ave N 7055 Perry Ave N M LS# 3930237 3890192 Status Sold Sold Sold Sch Dist 11 - Anoka- Hennepin 11 - Anoka- Hennepin 279 Osseo List Price $139,900 $139,000 Sold Price $140,000 $140,500 S. Cntrbtn $4,000 $6,500, Off Mrkt 06/05/2010 05/05/2010 Dt Closed 06/24/2010 06/08/2010 CDOM 73 59 Beds 3 3 4 Baths 2 2 2 Style (SF) One Story. (SF) One Story (SF,). One Story Abv Sgft 1,218 1,156 1,166 BIw Sgft 700 719 500. Total Sqft 1,918 1,875 1,666 Grg Stis 2 2.00 1.00 Prk Char Detached Garage Detached Garage, Garage Door Detached Garage Opener Year BuHt 1964 1964 1957 Lk /Wt Lot Sz 239X160 (8110)ACR 76 X 125.58 75 X 1.32.5 Acres 0.8 0.22 0.23 Fdtn Size 1,218 1,156 1,166 Ext Hardboard /Masonite MetalNinyl Metal/Vinyl FP 0 0 0 Bsmt Full, Partially Finished Full, Finished (Livable) Full, Finished (Livable), Egress Windows Amenit Hardwood Floors Patio, Natural Woodwork, Kitchen Hardwood Floors Window, Hardwood Floors, pp— Researched and prepared by Brett Hildreth P F 941 flillwind Rd NE Fridley, -VIN 55432-5962 763-227-86144 ;9.72 069 th Av e ,- N • • BC Bmoldyn Center, 55430 Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. J�Jit . r e .,y,aacr _ � TT I Subiect PropeRv Details Details 720 69th Ave N 6800 Beard Ave N 5736 Northport Dr M LS# 3890809 3942089 Status Sold Sold Sold Sch Dist 11 - Anoka - Hennepin 279- Osseo 281 - Robbinsdale List Price $139,000 $139,000 Sold Price $136,000 $134,000 S. Cntrbtn $5,540 $4,383 Off Mrkt 06/05/2010 09108/2010 Dt Closed 06/24/2010 09/0312010 CDOM 92 103 . Beds 3 3 5 Baths 2 2 2 Style (SF) One Story (SF) One Story (SF) One Story Abv Sqft 1,218 1,028 1,198 Biro Sqft 700 621 980 Total Sqft 1,918 1,649 2,178 Grp;Stis 2 2.00 2.00 Prk Char Detached Garage Detached Garage, Garage Door Detached Garage Opener Year Built 1964 1959 1956. Lk/ Wt Lot Sz 239X160 (8/1 O)ACR 75x130 73.67 X 110 Acres 0.8 0.21 0.19 Fdtn Size 1,218 1,028 1,198 Ext Hardboard /Masonits Stucco Stucco, Brick/Stone #t FP 0 0 0 Bsmt Full, Partially Finished Full, Finished (Livable) ' Finished (Livable), Egress Windows Amenit Hardwood Floors Patio, Natural Woodwork, Kitchen Deck, Kitchen Window, Hardwood Window, Hardwood Floors Floors, Tiled Floors, Washer /Dryer pp� Researched and prepared by Brett Hildreth 2' S41 flillwind Rd -NE Com :D -t BC -Brooklyn Center, 55430 Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. VW yea " z Subiect Prope D etails Details 720 69th Ave N 4512 66th Ave N 3800 66th Ave N M LS# 3958139 3918991 Status Sold Sold Sold Sch Dist 11 - Anoka- Hennepin 279-Osseo 279- Osseo List Price $139,000 $135,000 Sold Price $140,000 $135,000 S. Cntrbtn $6,000 $5,000 Off Mrkt 09/27/2010 05/14/2010 Dt Closed 11/15/2010 05/27/2010 - CDOM 49 104 Beds 3 3 3 Baths 2 2 2 Style (SF) One Story-- (SF) One Story (SF) One Story I Abv Sqft 1,218 1,090 1,110 BIw Sgft 700 910 777 Total Sgft 1,918 2,000 1,887 Grp Stis 2 2:00 2 Prk Char Detached Garage Detached Garage, Driveway - Attached Garage, Driveway Asphalt, Garage Door Opener Concrete Year Built 1964 1959 1953 Lk /Wt Lot Sz 239X160 (8110)AC R 75 X 161.92 128X91 X15SX84 Acres 0.8 0.28 0,00 Fdtn Size 1,218 1,090 1,100 Ext Hardboard /Masonits Other Shakes, Brick/Stone # FP 0 1 0 osmt Full, Partially Finished Full, Finished (Livable) Full, Finished (Livable) Amenit Hardwood Floors Pates, Kitchen Window Deck, Natural Woodwork, Kitchen Window, Hardwood Floors � 'r pp� Researched . p repared '941'Hillw4ndRd�NEfn'dle 763-227-8614 JK7 ! • , , I , Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. 3 _ h Subiect Propert ttiaak Details 720 69th Ave N 5300 Girard Ave N 482571 at Ave N M LS# 3921367 3931699 Status Sold Sold Sold Sch Dist 11 - Anoka - Hennepin 286 - Brooklyn Center 279- Osseo List Price $135,000 $129,900 Sold Price $140,000 $130,000 S. Cntrbtn $4,200 $4,500 Off Mrkt 05/15/2010 06124/2010 Dt Closed 06/30/2010 07/21!2010 CDOM 8 43 Beds 3 4 4 Baths 2 2 2 Style (SF) One Story (SF) One Story (SF) Ono Story Abv Sgft 1,218 1,029 1,098 Blw Sgft 700 550 852 Total Sgft 1,918 1,579 1,950 Grg Stls 2 2.00 1.00 Prk Char Detached Garage Detached Garage Attached Garage, Driveway -Asphalt Year Built 1964 1972 1960 Lk/ Wt Lot Sz 239X160 (8/10)ACR 75 X 134.78 75x154x75x/45 Acres 0.8 - 0.23 0.27 Fdtn Size 1,218 1,029 1 Fact Hardboard /Masonite MetalMnyl _ Metal/Vinyl FP 0 0 0 Bsmt Full, Partially Finished Full, Finished (Livable), Egress Full, Finished (Livable) Windows Amenit Hardwood floors Natural Woodwork, Kitchen Window,, Tiled Floors o'' Researched 6 by , C Market Analysis •, BC - Brooklyn Center, 55430 Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus Comparables properties. I �. x d:. L �.�'` p} �...- •saaa*mnr r .. _°"° ..., ` *` Ili Subject Property Details Details 720 69th Ave'N 6306 Indiana Ave N 5925 Ewing Ave N M LS# 3933459 3919552 Status Sold Sold Sold 11 - A 7 Osseo Sch Dist Anoka-Hennepin 2 9 281 - Robbinsdale p List Price $129,900 $127,500' Sold Price $131,800 $127,500 S. Cntrbtn $3,954 $4,463 Off Mrkt 09/30/2010 06/21/2010 Dt Closed 12/0112010 06/30/2010 CDOM 110 52 Beds 3 .3 3 Baths 2 2 2 Style (SF) One Story (SF) One Story (SF) One Story Abv Sqft 1,218 1 1 81w Sqft 700 900 484 Total Sqft 1,918 2,020 1,484 Grg Stls 2 1100 2.00 Prk Char Detached Garage Attached Garage Detached Garage Year Built 1964 1958 1956 L W t k 1 Lot Sz 239X1SO (8/10)ACR 75X160 75 X 138.2 Acres 0:8 0.28 0.24 Fdtn Size 1,218 1,120 1,020 Ext Hardboard /Masonite Metal/Vinyl Metal]Mnyl, Brick/Stone FP 0 0 0 Bsmt Full, Partially Finished Walkout, Full, Finished (Livable), Full, Finished (Livable) Day /Lookout Windows Amenit Hardwood Floors Natural Woodwork, Kitchen Window, Natural Woodwork Hardwood Floors prepared �� Researched and b 941 Hillwind RdNEFridley, VIN 55432-:5962 -763-227-6614 ! ! 41 69 BC - Brooklyn Cent Monday, April 4, 2011 CMA Comparables This page outlines the subject property versus comparables properties. Subject Prooertv Details Details 720 69th Ave N 5827 Camden Ave N 7019 Quail Ave N M LS# 3910815 3887318 Status Sold Sold Sold Sch Dist 11 - Anoka- Hennepin 286 Brooklyn Center 279 Osseo List Price $124,900 $119,900 - 127 $119,900 500 Sold Pace $ $ S. Cntrbtn $5,000 Off Mrkt 05/05/2010 08/23/2010 DYClosed 06/10/2010 11/04/2010 CDO M 22 179 Beds 3 2 2 Baths 2 1 2 Style (SF) C1ne Story (SF) One Story (SF) Ore Story . Abv Sgft 1,218 1,040 1,040 Blw Sqft 700 0 600 , Total Sgft 1,918 1,040 1,640 Grg Stls 2 2.00 1.00 Prk Char Detached Garage Attached Garage Detached Garage, Driveway - Concrete, Driveway - Asphalt Garage Here , Y � t, 9 Y 964 ' 4 1 7 Year i 200 95 ea Built 1 Lk/ Wt Lot Sz 239X160 (8/10)ACR irregular 75x196x75x137 Acres 0.8 0.25 0.24 Fdtn Size 1,216 1,040 1,040 Ext Hardboard /Masonits Metal/Vinyl Stucco # FP 0 0 0 Bsmt Full, Partially Finished Full Egress Windows Full Amenit Hardwood Floors Deck, Parch Deck, Natural Woodwork Kitchen Wlruiow, Ceiling Fan(s), e d p b Brett Hild 941 Hillwind - - Compafative Market Analysis 69th Ave N Brooklyn Monday, April 4, 2011 Table Summary of Comparable Solds This page summarizes the comparable sold listings in this market analysis. Sold Listings $ Change "/o Change Address List Price Sale Price LP to SP LP to SP Sold Date DOM CDOM 3007 64Th Avenue $199,900 $173,500 $- 26,400 13.21 07/16/2010 153 153 3112 Ohenry Road $179,900 $174,900 $- 5,000 -2.78 08/24/2010 136- 136 6807 Regent Avenue $159,999 $159,999 $0 0.00 06/30/2010 112 112 5842 Abbott Avenue $151,000 $150,000 $-1,000 -0.66 08/30/2010 87 87 7124 France Avenue, $149,900 $136,700 $- 13,200 8.81 10/22/2010 69 69 3218 67Th Avenue 00 0.07 09/17/2010 11 1 1 e $149,900 $150,000 $ 5201 Eleanor Lane $149,900 $149,000 $ -900 0.60 10/29/2010 33 41 4106 71St Avenue $147,000 $145,000 $ -2;000 -1.36 09/24/2010 109 109 , 6236 Re g ent Avenue $144,900 $146,900 $2,000 1.38 10/19/2010 53 67 7125 W Palmer Lake Drive $144,900 $144,900 $0 0.00 08/31/2010 45 45 7231 Bryant Avenue $139,900 $140,000 $100 0.07 06/24/2010 11 73 7055 Perry Avenue $139,000 $140,500 $1,500 1.08 06/08/2010 59 59 6800 Beard Avenue $139,000 $136,000 $ -3,000 -2.16 06/24/2010 92 92 5736 Northport Drive $139,000 $134,000 $ -5,000 3.60 09/03/2010 75 103 4512 66Th Avenue $139,000 $140,000 $1,000 0.72 11/15/2010 49 49 3800 66Th Avenue $135,000 $135,000 $0 0.00 05/27/2010 15 104 5300 Girard Avenue $135,000 $140,000 $5,000 3.70 06/30/2010 8 8 4825 71St Avenue $129,900 $130,000 $100 0.08 07/21/2010 23 43 6306 Indiana Avenue $129,900 $131,800 $1,900 1.46- 12/01 /2010 110 110 5925 Ewing,Avenue $127,500 $127,500 $0 0.00 06/30/2010 52' 52 5827 Camden Avenue $124,900 $127,500 $2,600 2.08 06/10/2010 22 22 7019 Quail Avenue $119,900 $119,900 $0 0.00 11/04/2010 179 179 Average $144,332 $142,414 $ -1,918 -1.02. 68 78 - Median $139,4S0 $140,000 $0 0.00 56 71 Minimum $119,900 $119,900 $- 26,400 -13.21 8 8 Maximum $199,900 $174,900 $5,000 3.70 179 179 Researched .prepared . 941 HillvAnd Rd NE Fridley, MN 2 • parative Market Anal 720 69th Ave N Monday, April 4, 2011 SC - Brooklyn Center, 55430 Pricing Recommendation This page suggests a recommended selling price based on a thorough analysis of your property. After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for Researched and prepared by Breff Hildreth 941 Hillwind Rd NE Fridley, IVIN 55432-5962 763-227-8614 ASSESSOR'S REPORT City of Brooklyn Center A Millennium Community TO: 2011 Brooklyn Center Local Board of Appeal and Equalization RE Brett Hildreth The 720 Company LLC 720 69 Ave N Brooklyn Center, MN 55430 Mr. Hildreth appeared as a walk -in before the Local board of appeal and equalization on April 4t 2011. The Board directed Mr. Hildreth to make an appointment with the Assessor's office to review the interior of his property at 720 69 Ave N. Mr. Hildreth's property was reviewed Friday, April 8th, 2011 with an appraiser from the Assessor's office. The property is a 1,200 square foot rambler with a two car detached garage on an oversized .89 acre lot. The exterior is in average condition. The main level has original finish and shows some deferred maintenance, typical to an average rental property. The main level includes a - living, dining, kitchen, one full bathroom, and three bedrooms. Basement finished area is newer than main level and includes a family room, a deluxe bath with jetted tub and ceramic tile floor, and two finished rooms. One finished room has exposed framing from the adjacent bathroom but the remainder of this space is finished After physical review of the property, value was added for the basement deluxe bathroom and percentage of basement finish area. After reflecting these changes, the revised 2011 estimated market value is $168,200: Mr. Hildreth was requested to provide the 2010 income and expense documentation for this rental property. To date, the Assessor's office has not received any income and expense information from Mr. Hildreth. An income approach to valuation was included in this report using market rents. The indicated market rent used was at the higher end of the rental scale for a three bedroom unit to account for the two stall garage, large square footage, total useable finished area, and oversized lot. The market based income approach indicated a value of $146,000 for a 1,000 sq. ft. standard three bedroom home in Brooklyn Center. Specific rental data was not available for a larger than average single family home. The enclosed sales comparables completed by the Assessor's office compares the subject property to six similar homes in Brooklyn Center. The subject property, and five of these sales are located in the north east section of Brooklyn Center. None of the comparables are located on an oversized lot. The indicated range of adjusted sale prices on the six sale comparables range from $173,972 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 to $202,049. For the 2011 assessment, the subject property carries a value lower than the indicated sales comparable range. Mr. Hildreth submitted a market analysis comparing his property to twenty -two sales in Brooklyn Center. Six of these sales occurred after September 30`h, 2010, making them too new to be used for the 2011 assessment. Ten sales were rejected by Hennepin County as not open market. The remaining six open market sales sold in a range from $134,000 to $174,900. The average sale price of these six comparables provided by Mr. Hildreth is $155,400. None are located on an oversized lot. It is the recommendation of the Assessor's office to increase the 2011 estimated market value for the property at 720 69`h Ave N. from $165,200 to $168,200 for taxes payable in 2012, based on the characteristic changes. Respectfully submitted, Nancy Wojcik, SAMA City Assessor City of BROOKLYN CENTER 2011 Local Board of Appeal and Equalization Walk in Appeal -Brett Hildreth The 720 Company LLC 720 69th Ave N 25- 119 -21 -34 -0008 LIA N, r � 4 ➢ fib. '. .� J �— � � /. i ,'1A 2011 Assessed Value: $165,200 Recommendation: Increase 2011 EMV to $168,200 This report is not an appraisal as defined in M.S. §82B.02 (subd.3) nor does it comply with the Uniform Standards of Professional Appraisal Practice. It is intended to be used as a reference only and any use other than its intended use is prohibited and unlawful. The author does not represent this to be an appraisal and is not responsible for any inappropriate use. It is a report ofpublic records using a mass appraisal technique. City of Brooklyn Center Assessing Department 2011 Local Board of Appeal and Equalization 3r Staff Report Walk in Appeal -Brett Hildreth Property Owner(s): The 720 Company LLC Property Address: 720 69th Ave N PID #: 25- 119 -21 -34 -0008 Market Value Assessment Year 2011 $165,200 Assessment Year 2010 $178,100 Assessment Year 2009 $205,600 Sale: April 29, 2010 - 63,000 (01 - Warranty Deed) Comments: Subject property is a 1,200 square foot rambler with a detached two car garage located on an oversized. 89 acre lot. Property is rental and in average condition. Interior includes a living, dining, kitchen, three bedrooms, and one full bath. The basement finish is sheetrock, suspended ceiling and floor tile. The basement finish includes a family room, two other finished rooms and a deluxe bathroom with jetted tub and ceramic tile floor. The basement bathroom was not there during the most recent interior review of this property in 2002, and therefore had not been valued by the Assessor's office. This property had been assumed during the most recent quintile review in 2007. This home has it's original exterior and windows in average condition. The furnace is original and there is a window air conditioning unit. The garage was constructed prior to 1964, but the exact date of construction is unknown. Assessor Recommendation: Increase 2011 EMV to $168,200 Appraiser: Last Inspection Date: Jill Brenna April 8, 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Subject Data Summary PID #: 25-119-21-34-0008 Property Address: 720 69th Ave N Brooklyn Center, MN 55430 Multiple Address: No Lot/Block: 053/000 Addition: Auditor's Subdivision No. 309 Hennepin County, Minn Legal(120): S 239 25/100 FT OF W 160 FT Owner(s): The 720 Company LLC Property Classification: Residential - Non - Homestead 2011 EMV: 165,200 2010 EMV: 178,100 2009 EMV: 205,600 Last Sale: 4/29/2010 - 63,000 - Warranty Deed - 01 Lot Size: 38,965 Sq.Ft. /.89 Acres Zoning: R1 Dwelling Type: Single Family Style: One Level /Rambler Bedrooms: 3 Baths: 2 Actual Year Built: 1964 Gross Building Area: 1,200 Basement Area: 1,200 Bsmt Finished %: 75 Garage #1: 2 Car Detached Garage #2: None 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos Ij ° .. iI Street view I -- a 6 _ r -fir, - , .__•- _ ::n ay = �....._ -.- �'�� � .y :.dry — >...._._ .L.�,....�e, -�•� ` 4 Front 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos 1 { Front window 2011 III. Side view of windm� AC 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos r: u v •` �`L��� -( s i ce. � - ./. T�M �y'�. z � � � 3 .. Rear view 2011 _ r _ -- -- - rf x Side entrance 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth • 1 1 1 1� 1 1 +f • 1 r' - u w•.. Ii �i�. S 1 � I IL Af COW • 1 Additional Subject Photos �? l? S AAA r ._4N ^`r� 'fi f [ Rlryr a Yard 2011 rc yy�� 1 - Kitchen 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos lo a Galley kitchen 2011 En t�r . 3� Dining room 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos 4' 1 Living room 2011 i i r` 1- �. Main bathroom 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos Mok Bathroom ceiling stain 2011 Bedroom one 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos • Bedroom two P pIp- k y C Bedroom three 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos - j �D mi ki Damage to hallway closet k i t PL , � t �/ • p - Damage to hallway wallpaper 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos 1 � � h fk x Basement hallway w /storage Side entry landing 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos i k j dip r , i F h a `` i; Basement finished room one Akin n ` i i Bsmt finished room one, view2 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos a 1 - l Lt, Ev 703; " T c owas Basement family room R 't. 1 4A Basement family room, 2nd view 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos E- w t J: Missing baseboard. family room s �d Basement finished room 2 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos • F i' Closet staining bsmt mi 2 y /4y�t ;y � x'�F tfi " t - • - Sump pump 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Additional Subject Photos ; 1 i i i A Basement mechanical room 2011 a Basement deluxe bath 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth I M Additional Subject Photos n •e f, , a Basement jetted tub 2011 Mir M _ 5 14 e ti Lr' Basement bathroom 2011 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Subject Sketch 21' Giiope =* 24' S7G 0 24 ' N b, Fh st Floor 24' 1200' 16' co 0 N 40 M Basemelit 1200' 1G , 40 Skncn by Pp.. N— 77 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Report Name: Pen List City of Brooklyn Center Printed: 4/15/2011 Permit List Page: I Permit List for: 720 69th Ave N Permit # Unit Value Permit Tyne Sub Tyne Work Tyne Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BC041359 $600 Electrical Residential I & 2 Famil: Replace BATHROOM GFI & 05/20/2010 1 1/23/2010 LIGHT /SMOKE DETECTORS BC019900 $1,900 Building Residential Single Famil Replace TEAR OFF /REROOF 05/31/2002 08/08/2002 Permit Count: 2 1 1 1 - d • -n 3 , ��YYYY �� Tn � St s 1 El _ ,•` �i, d' '�`9n�! j X47' � �� , ` Y �. �� �J C�, ? % gyp' .�` ���: ��'�;�i�� � �' •.''� ` 'V; •�. 'v im '� �' wi Sales Comparables Item Subject Comparable 1 Comparable 2 Comparable 3 1 � PID 2511921340008 3611921220014 3611921240040 0311821130077 Address 720 69th Ave N 6719 Dupont Ave N 6612 Dupont Ave N 5725 Northport Dr District Sale Price $63,000 $140,900 $145,000 $168,500 Sale Date 04/29/2010 08/31/2010 05/17/2010 10/30/2009 Cash Equivalent Price Per Sq. Ft. $52.50 $134.19 $132.78 $136.77 Dwelling Type Single Family Single Family Single Family Single Family Style One Level/Rambler One Level/Rambler One Level/Rambler One Level /Rambler Property Area 38,965 10,050 10,002 10,504 Actual Age 1964 1971 1972 1955 Effective Age 1980 1985 1985 1980 Quality Class B06 B07 B07 B06 1st Floor Area 1,200 1,050 1,092 1,232 Total GBA 1,200 1,050 1,092 1,232 Finished Area 2,100 1,806 1,747 2,156 Basement Area 1,200 1,008 1,092 1,232 Basement Finished ( %) 75% 75% 60% 75% Total Bedrooms 3 3 3 3 Total Bathrooms 2 2 2 2 Garage 1 Floor Area 576 480 384 280 Garage 1# of Cars 2 2 1 1 Garage I Placement Detached Attached Attached Attached Total # of Cars 2 2 1 1 Walkout Type Air Conditioning No Central Central Central Pool Area -Total Fireplaces Deck Area -Total 276 448 468 Porches 252 River Lake Influences Apartment Sq. Ft. Adj $54,479 $8,345 $6,449 ($1,918) Add Bsmt Adj $10,788 $1,464 $687 ($288) Ded Unfin GBA Adj Site Adj $76,000 $29,000 $29,000 $29,000 Garage Adj $7,570 $644 $1,858 $3,391 Walkout Adj Patio Adj Bath Adj $12,137 $112 $2,887 Air Conditioning Adj ($1,943) ($2,020) ($2,215) Porch Adj ($5,211) Fireplace Adj Deck Adj ($2,042) ($3,315) ($3,366) Fin Bsmt Adj $7,282 ($2,508) ($1,202) ($194) Misc. Adj ($1,349) Total Adj $168,256 $33,072 $34,344 $17,850 Market Adj Value $173,972 $179,344 $186,350 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth M_ M Sales Con arables iv- - 1 - x is F Compar;ihic 4 Ls 1 Comparable 5 J k I Comparable 6 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth Sales Comparables Item Subject Comparable 4 Comparable Comparable 6 PID 2511921340008 3611921120046 2611921410070 3611921310004 Address 720 69th Ave N 6707 5th St N 1600 72nd Ave N 6406 Colfax Ave N District Sale Price $63,000 $158,000 $175,000 $156,900 Sale Date 04/29/2010 06/24/2010 01/12/2010 10/30/2009 Cash Equivalent $154,650 Price Per Sq. Ft. $52.50 $144.69 $142.05 $165.93 Dwelling Type Single Family Single Family Single Family Single Family Style One Level /Rambler One Level/Rambler One Level/Rambler One Level/Rambler Property Area 38,965 10,889 10,783 8,775 Actual Age 1964 1968 1967 1956 Effective Age 1980 1985 1985 1985 Quality Class B06 B07 B06 B07 1 st Floor Area 1,200 1,092 1,232 932 Total GBA 1,200 1,092 1,232 932 Finished Area 2,100 1,747 2,006 1,616 Basement Area 1,200 1,092 1,032 912 Basement Finished ( %) 75% 60% 75% 75% Total Bedrooms 3 3 3 4 Total Bathrooms 2 2 2 1 Garage I Floor Area 576 572 760 440 Garage 1# of Cars 2 2 4 2 Garage 1 Placement Detached Attached Detached Tandem Detached Total # of Cars 2 2 4 2 Walkout Type Air Conditioning No Central Central Central Pool Area -Total Fireplaces 1 Deck Area -Total 480 318 Porches River Lake Influences Apartment Sq. Ft. Adj $54,479 $5,974 ($2,421) $12,805 Add Bsmt Adj $10,788 $687 $1,242 $2,352 Ded Unfin GBA Adj Site Adj $76,000 $29,000 $29,000 $29,000 Garage Adj $7,570 ($441) ($1,921) $1,343 Walkout Adj Patio Adj ($667) Bath Adj $12,137 $1 ,037 $1 ,037 $5,199 Air Conditioning Adj ($2,020) ($2,279) ($1,724) Porch Adj Fireplace Adj ($2,775) Deck Adj ($3,552) ($2,353) Fin Bsmt Adj $7,282 $1,828 ($2,741) ($1,576) Misc. Adj Total Adj $168,256 $29,738 $18,897 $47,399 Market Adj Value $187,738 $193,897 $202,049 2011 Board of Appeal and Equalization Walk in Appeal -Brett Hildreth 1Jrd Aee N 73n1 Ave N 1 ro v ; oarl,b, Com $ I i = j WcSt y + Z YAyeN Palmer East I ! _. z fi, >Vccd�n�ln a z O� Lake Palmer L � AmyLn.� 3 ' A�`� =t� 'a' I 71stAvc / < �, Park Lake a q > 720 ! o If g z E$ Park `4< Z Z i E A m' 0 a '; F Palmer ° Z 1th Ava N y 3 W a Lake b = t 13 z z In'Ing Ln N s .60th Aua N 00th Aar N - � 01 I I a th 68O Tt tJ ^ 5hingleGro ekPKwY Y 1' j I .COM nt1 1 erR ! COr} p 2 *3"hAwN Island h I I I I 1 ' T i 00th Ave N fester Ln n d y Gst t Avo N _ FrrreyBlvd 051h Ave N C;OM I PQ« e1 i 04th In A,• �a Brooklyn J f + 0' J! p� Center; 52 l �a m 2 03rdAveN 03rdAteN >� Garden CIty z -. 11 Z rk Nash Rd Park qrU : qI E7 , }TeLn ;:152, t O`�"'- 'dRdQ Pk fa ��e I I + ( Q W } I Ave N q II I + 02nd Ave N + 4 MEtLn �F 01atAvaN 2 Ira twnAV4N - 01st Ave N Vie I I I I I z ¢ rk 0. 100Ct Ave N ¢ 00th Ave N I v `a' w a a c ttLnN 9th Ava N c x 60thAveN a I Comp 3 t _ 58thAv�eN 10' 58th Ave N _ . I > a Fta 67r67th Ave N in �.5•miles P IR � Z 1 m t7 i Brookdale Center . �a+r m y I I ®4011 Mi rt I co or ti (0 20 TjPvrt ©AND COMPARABLE SALES MAP '1 COMPARABLE #1 6719 Dupont Ave N, Brooklyn Center I COMPARABLE 42 6612 Dupont Ave N, Brooklyn Center I COMPARABLE 43 5725 Northport Dr, Brooklyn Center COMPARABLE 44 67075 th St N, Brooklyn Center COMPARABLE #5 160072 nd Ave N, Brooklyn Center COMPARABLE #6 6406 Colfax Ave N, Brooklyn Center ......... ....... 2011 INCOME APPROACH ANALYSIS Rental Dwelling Owner Name: The 720 Company LLC Yr Built: 1964 Property Address: 720 69th Ave N PID: 2511921340008 1 UNIT ECON ACTUAL TOTAL TOTAL UNITS .:::MIX RENTper Unit RENT::::::::. ECON RENT ::ACTUAL.RATE 0 Studios $480 $0 $0 $0 0 1 Bdrm $650 $0 $0 $0 0 2 Bdrm $1,000 $0 $0 $0 1 3 Bdrm $1,250 $0 $1,250 $0 0 4 Bdm $1,350 $0 $0 $0 0 5 Bdm $1,550 $0 $0 $0 2 Garages $50 $0 $100 $0 ECONOMIC ACTUAL MONTHLY ADJ. RENT $1,350 $0 TOTAL ANNUAL ADJ. RENT $16,200 $0 TOTAL NUMBER OF UNITS 1 GROSS BUILDING AREA 1,200 [/J TOTAL NUMBER OF BEDROOMS 3 Gross Rent Multiplier G.R.M. 9.00 9.00 9.00 CAPITALIZED VALUE OF PROPERTY $146,000 $0 CAPITALIZED VALUE PER UNIT 146000 0 LV per Unit $76,000 BV per fl 2011 Land $76,000 $76,000 2011 Bldg $70,000 $58.33 CORRELATED 2011 VALUE BY INCOME APPROACH $146,000 2011 Assessment Land Value Bldg Value EMV SRI A non hmstd $76,000 $70,000 $146,000 2011 per In $121.67 Total $76,000 $70,000 $146,000 2011 per Unit $146,000 Comments: The property is a 1,200 sq. ft. rambler with a two car detached garage in average condition. The main level includes a living, dining, kitchen, three bedrooms, and one full bathroom. The basement finished area includes one family room, a deluxe bath with jetted tub and ceramic tile floor, and two additional finished rooms, but no bedrooms. The property has a gas forced air furnace and a window air conditioning unit. The property sits on an oversized .89 acre lot. The indicated market rent used is at the higher end of the rental scale for a three bedroom unit to account for the two stall garage, large square footage, useable finished basement area, and oversized lot. The market income approach indicated a value of $146,000 for a 1,000 sq. ft. standard three bedroom home in Brooklyn Center. More specific rental data was not available for a larger than average property. w ��5 �,�.� tc;� ► ' Z��� r Ali C-1) 7L 3 ) YA sac y . G4 3 5`I►� -7 or s i'�tiAY -wu The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. -rc, L'i'Y 5 M43f eci►dAun :3 cF lU vS 10 of I U ,�'<<ykti�°��vs� 5'/Z Ili( rsK) /A/C; - �; L�1►rt ti (U7s ZZ,5-a' --Lj Northstar MLS Matrix'I 1 ,,�C Cam? j ()tee 51Xt "�fdA!3 1-25 of 25 Checked 0 •Che_Ck_ail_25 Display Single Line at 100 per page-View as 417 List# S Street Addre- Area h`, ty Price DOM Style Bds Bth TFSF FSZ Built .A,38.81947 S 3007 64th Avenue N 363 Brooklyn Center $173,500 1530NEST 5 3 2,625 1,056 1959 2 F ®w A,3888089 S 3112 Ohenry Road 363 Brooklyn Center $174,900 1360NEST 5 2 2,292 1,266 1958 3 W ,3916201 S 6830 Dupont Avenue N 363 Brooklyn Center $179,900 240NEST 4 2 2,800 1,680 1968 ., 4 1 L,40 f.3905570 S 6807 Regent Avenue N 363 Brooklyn Center $159,999 1120NEST 4 2 1,890 1,040 1957�. 5 F- .. w .1&3941668 S 5431 Irving Avenue N 363 Brooklyn Center $145,000 260NEST 4 2 1,970 960 1956 6 F ;J W ,r&390937.1 S 4924 Beard Avenue N 363 Brooklyn Center $145,000 61 ONEST 3 2 1,452 800 1950 7 r W JL 3951609 S 3218 67th Avenue N 363 Brooklyn Center $150,000 11ONEST 4 2 1,597 1,162 1966.r 8 F LR W JIr 326448 7 S 5201 Eleanor Lane 363 Brooklyn Center $149,000 330NEST 5 3 2,148 1,248 1958 9 F ®� 91 174 S 4106 71st Avenue N 363 Brooklyn Center $145,000 1090NEST 4 3 1,946 1,200 1959 to f i+'' 3925361 S 6236 Regent Avenue N 363 Brooklyn Center $146,900 530NEST 5 2 1,728 1,000 1958 rM+ 11 f W >ir 3939072 S 7125 W Palmer Lake Drive 363 Brooklyn Center $144,900 450NEST 4 2 1,800 1,024 1959 M+ 12 F ®W 3907800 S 6238 Lilac Drive N 363 Brooklyn Center $130,000 540NEST 3 2 1,508 864 1977 13 F ®1w 93 30237 5 7231 Bryant Avenue N 363 Brooklyn Center $140,000 110NEST 3 2 1,875 1,156 1964:,- 0% 14 r ®®i W 3890809 S 6800 Beard Avenue N 363 Brooklyn Center $136,000 920NEST 3 2 1,649 1,028 1959 15 U W 0,394208 S 5736 Northport Drive 363 Brooklyn Center $134,000 750NEST 5 2 2,178 1,198 1956 16 F ®W j&3958139 S 4512 66th Avenue N 363 Brooklyn Center $140,000 490NEST 3 2 2,000 1,090 1959 17 F 395998 S 5224 Winchester Lane 363 Brooklyn Center $130,000 190NEST 3 2 1,658 958 1958 �.M± 18 F 3918991 S 3800 66th Avenue N 363 Brooklyn Center $135,000 150NEST 3 2 1,887 1,100 1953�-- 19 r- []+ W 3921367 S 5300 Girard Avenue N 363 Brooklyn Center $140,000 80NEST 4 2 1,579 1,029 1972 20 F- [�W A 393043 8 S 5206 66th Avenue N 363 Brooklyn Center $129,900 620NEST 3 2 1,568 958 1959 21 F W 3919552 S 5925 Ewing Avenue N 363 Brooklyn Center $127,500 520NEST 3 2 1,484 1,020 1956 22 r- ®%0 A 3925407 S 7225 Indiana Avenue N 364 Brooklyn Center $125,000 1210NEST 3 2 1,311 1,011 1960 23 _ ®1W 3900439 S 6320 Regent Avenue N 363 Brooklyn Center $126,600 650NEST 3 2 1,808 1,008 1958 24 I- ®W +' A 3958703 S 5428 Camden Avenue N 363 Brooklyn Center $117,900 150NEST 3 2 1,280 956 1925 25 iii J4,3968607 S 7106 Quail Avenue N 363 Brooklyn Center $114,900 220NEST 4 2 1,214 1,060 1957 Status is'Sold' Municipality is'BC-Brooklyn Center' Style is'(SF)One Story' Bedrooms is 3+ Bath-Total is 2+ Garage Stalls is 2+ Sold Price is 100000+ Off Market Date is 5/5/2010 to 9/30/2010 For Sale or For Rent is'For Sale' Lender Owned is one of'No','Not Disclosed' In Foreclosure?is one of'No','Not Disclosed' Potential Short Sale is one of'No','Not Disclosed' Ordered by List Price descending,Status,Area Found 25 results in 0.22 seconds. The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix The following MLS documentation was Page I of 2 printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public Revised Original Results record for his appeal. 1 of 28 Checked 22 Display Property Full at 1 . per page• View as [1] Property Full Display,Single Family Residential, MLS #: 3881947 Type: For Sale 3007 64th Avenue N , Brooklyn Center, MN 55429 Status: Sold List Price: $199,900 Original List Price: $199,900 Seller Cont: $ Image 1 of 5 both Ave tJ 65th Ave N tl �3007 64th Aver 4 F'oe�a 64th kv,2 N Y T Brooklyn Center 152 Garden 57nd 4 P N n ` City Park 9 c u till AvA N 61s1 Ave N 10 MmR,AC.,p V2068 NA41EQ,Mfort?le Atlas.ho. Map Page: 78 Map Coord: B4 Directions: A"". Brooklyn Blvd.South to 63rd Ave., East to Xerxes, North to 64th Ave., East to home. (Click icon for Virtual Earth Map) Total Bed/Bath: 5/3 Garage: 2 Year Built: 1959 MLS Area: 363-Brooklyn Center TAX INFORMATION Secondary Area: 364-Brooklyn Park Property ID: Style: (SF)One Story Tax Year: 2009 Const Status: Previously Owned Tax Amt: $2,518 Foundation Size: 1,056 Assess Bal: $198 AbvGrdFinSgFt: 1,569 Tax w/assess: $2,717 BelGrdFinSgFt: 1,056 Assess Pend: Total Fin SgFt: 2,625 Homestead: No Acres: 0.230 Lot Size: N 75X123X90X329 List Date: 02/12/2010 Received By MLS:02/12/2010 Days On Market: 153 Off Market Date: 07/19/2010 Selling Agent: Date Closed: 07/16/2010 Selling Office: General Property Information Legal Description: Lot 002 Block 002 GARDEN CITY 4TH ADDN County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo, 763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Garden City-4th Addition Common Wall: No Lot Description: Tree Coverage- Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: $2,000 BONUS GIVEN TO AN AGENT FOR ACCEPTABLE OFFER BY 30TH OF APRIL.This home is completely updated.Quality&workmanship shows well. New applc, newer roof, new siding, new furnace&air cond., new water heater,new doors&windows.New plumbing. Public Remarks: Custom paint,wood floors,all new carpets,tiled kitchen with granite counter top. Breakfast bar,gas fireplace in family room. Professionally designer lightings. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 17x15 Fifth(5th)Bedroom Basement 10x13 Fuel: Natural Gas Dining Rm Main 11x10 Patio Main 14x8 Air Cond: Central Family Rm Main 19x16 Pantry(Walk-In) Main 16x7 Water: City Water/Connected Kitchen Main 11x10 Sewer. City Sewer/Connected Bedroom 1 Main 11x12 Bathrooms Garage: 2 http-//matrix.northstarmis.com/Matrix/Di splay.aspx?c AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3888089 Type: For Sale by Brett Hildreth as part of the public 3112 Ohenry Road, Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $179,900 Sold Price: $174,900 Original List Price: $250,000 Seller Cont: $5,397 Image 1 of 10 Slideshpw •Open All 4A 65th Ave N J d 3112 Ohenry Rr 64th Av N "eery Rd Breokbm Center a 152 �: a rn K t Garden 62nd Alt IV ''a City Park a 61* Aud N 61st Ave N ` Ch �Q. ®2010 MieroSORCq®2008 NW1EQ,onlJeYTele Atlas,lnc. Map Page: 78 Map Coord: A4 Supplements are av_ailable_fo_r_this property. Directions: ` Virtual Tour 694 go S on Brooklyn Blvd Left on 63rd z, WEBForms St,then left on Beard Ave,turn right on OHenry Add to Watched Items tlrj(Click icon for Virtual Earth Map) eC Report a roblem with this listing Total Bed/Bath: 5/2 Garage: 3 Year Built: 1958 MLS Area: 363-Brooklyn Center TAX INFORMATION Secondary Area: 364-Brooklyn Park Property ID: 3411921410061 Style: (SF)One Story Tax Year: 2010 Const Status: Previously Owned Tax Amt: $2,832 Foundation Size: 1,266 Assess Bal: $ AbvGrdFinSgFt: 1,266 Tax w/assess: $2,832 BelGrdFinSgFt: 1,026 Assess Pend: No Total Fin SgFt: 2,292 Homestead: Yes Acres: 0.250 Lot Size: 80x130 List Date: 02/26/2010 Received By MLS:02/27/2030 Days On Market: 136 CDOM History Off Market Date: 07/12/2010 Selling Agent: Susan J.Xiona Date Closed: 08/24/2010 Selling Office: Results Support Services"Inc General Property Information Legal Description: Lot 028 Block 002 Garden City 4th Addn County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Garden City Common Wall: No Lot Description: Tree Coverage-Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: 24 Hours Notice for Showings!Not foreclosure or Short Sale!Unbelievable value in this home&property!Addition of a sunroom overlook the garden area is terrific!Gourmet kitchen updated&upgraded w/excellent finishes!All calls to Cheryl Public Remarks: Excellent spaces for living well!Gourmet kitchen with exceptional finishes&fixtures. Terrific Updates&Upgrades.Sunroom w/vaulted overlooking peaceful garden.Notice 2car detached Garage&1 car attached!lyear AHS Warranty for Buyer! Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 18x12 Fifth(5th)Bedroom Lower 11x9 Fuel: Natural Gas Dining Rm 15x16 Den Basement 11x9 Air Cond: Central Family Rm Lower 17x18 Sun Room Main 15x16 Water: City Water/Connected Kitchen Main 10x15 Sewer: City Sewer/Connected Bedroom 1 Main 15x10 Bathrooms Garage: 3 Bedroom 2 Main 12x10 Total: 2 3/4: 1 1/4: 0 Oth Prkg: 2 Bedroom 3 Main 12x10 Full: 1 1/2: 0 Pool: Bedroom 4 Lower 14x17 Bath Description: Main Floor Full Bath,3/4 Basement http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Dining Room Desc: Eat In Kitchen,Kitchen/Dining Room Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Microwave,Exhaust Fan/Hood,Dishwasher,Water Softener-Owned, Disposal,Electronic Air Filter,Air-To-Air Exchanger Basement: Full Exterior: Metal/Vinyl,Stucco Fencing: Chain Link,Full Roof: Asphalt Shingles,Age Over 8 Years Amenities-Unit: Deck,Patio,Natural Woodwork, Kitchen Window,Vaulted Ceiling(s),Tiled Floors, Exercise Room,Sun Room,Washer/Dryer Hookup,Local Area Network,Multiple Phone Lines Parking Char: Attached Garage,Detached Garage, Driveway-Concrete, Driveway-Asphalt, Driveway-Other Surface Special Search: Main Floor Bedroom,3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 2.7000' Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $169,653 Seller Contribution: $5,397 Sellers Terms: FHA,OVA,Conventional,Cash Existing Financing: Free and Clear In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Cheryl J.Larson 651-270-0213 Listing Office: Coldwell Banker Burnet Office Phone: 651-430-2100 MLS#: 3888089 Address: 3112 Ohenry Road,Brooklyn Center, MN 55429 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3916201 Type: For Sale by Brett Hildreth as part of the public 6830 Dupont Avenue N, Brooklyn Center, MN 55430 record for his appeal. Status: Sold List Price: $174,900 Sold Price: $179,900 Original List Price: $184,900 Seller Cont: $5,397 Image 1 of 30 slideshoiv Opr�n FlII a birxcj ` Amy Ln 3 a ' 6� v > 72nd t"y z Evergreen z z Park q a � � 6830 Dupont Ar ;. i 69th Ave N 252 Oro~Center 67th Ave N 2 'Mala • a n * ®2010 Miceasoa coup 9,20o8 Nivim an1/orTele Atlas,Inc. Map Page: 78 Map Coord: C4 Suoolements are available for this property. Directions: WEBForms Brookdale Drive to S on Humboldt,E on 69th,S on Dupont to home !M Add Watched Item s � < Repor (Click icon for Virtual Earth Map) t_a problem with this listing Total Bed/Bath: 4/2 Garage: 2 Year Built: 1968 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3611921210065 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,680 Tax Amt: $2,663 AbvGrdFinSgFt: 1,680 Assess Bal: $4,500 BelGrdFinSgFt: 1,120 Tax w/assess: $2,663 Total Fin SgFt: 2,800 Assess Pend: Yes Acres: 0.230 Homestead: Yes Lot Size: 76.25 X 130.42 List Date: 04/23/2010 Received By MLS:04/23/2010 Days On Market: 24 CDOM History Off Market Date: 05/16/2010 Selling Agent: Christopher D.Serie Date Closed: 07/15/2010 Selling Office: Minnesota Valley Realty General Property Information Legal Description: Lot 022 Block 002 TOWER TERRACE 2ND County: Hennepin Postal City: Brooklyn Center School District: 11-Anoka-Hennepin,763-506-1000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Light,City Bus(w/in 6 bilks) Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Mere blocks from Brooklyn Pk border and in the Anoka-Hennepin school district!Theater room projector and screen do not stay.Main level screen and projector will stay with house.This truly is a sight for bored eyes! Public Remarks: Stunning rambler with nearly every surface updated!The entire family can make breakfast in this huge and updated kitchen!Bath updates include travertine,soaking tubs,&heated floor in main!LL theater room,huge laundry,mud room,and more! Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 23 x 12 Amusement Room Lower 22 x 11 Fuel: Natural Gas Dining Rm Main 18 x 10 Media Room Lower 17 x 11 Air Cond: Central Family Rm Main 18 x 10 Mud Room Main 20 x 10 Water: City Water/Connected Kitchen Main 19 x 13 Deck Main 19 x 10 Sewer: City Sewer/Connected Bedroom 1 Main 12 x 11 Laundry Lower 19 x 11 Garage: 2 Bedroom 2 Main 11 x 9 Oth Prkg: Bedroom 3 Main 11 x 11 Bathrooms Pool: None Bedroom 4 Lower 12 x 10 Total: 2 3/4: 0 1/4: 0 Full: 2 1/2: 0 Bath Description: Main Floor Full Bath,Full Basement Dining Room Desc: Separate/Formal Dining Room,Eat In Kitchen Family Room Char: Main Level,Lower Level,2 or More http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Fireplaces: 1 Fireplace Characteristics: Wood Stove Appliances: Range,Exhaust Fan/Hood,Dishwasher, Refrigerator,Water Softener-Owned, Disposal Basement: Full,Finished(Livable), Drain Tiled,Sump Pump,Day/Lookout Windows, Egress Windows Exterior: Metal/Vinyl Fencing: Wood,Chain Link Roof: Asphalt Shingles,Age Over 8 Years Amenities-Unit: Deck,Porch,Kitchen Window,Ceiling Fan(s), Hardwood Floors,Tiled Floors, Washer/Dryer Hookup Parking Char: Attached Garage, Driveway-Asphalt,Garage Door Opener Special Search: Main Floor Bedroom,3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% facilitator Comp: 0 Variable Rate: Y List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $177,509 Seller Contribution: $5,397 Financial Remarks: Tax assessment is for road improvement on Dupont that will start this Summer. Sellers Terms: FHA,DVA,Conventional,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Jennifer J.Geisinaer 612-599-4677 Listing Office: Luke Team Real Estate Office Phone: 763-463-9490 MLS#: 3916201 Address: 6830 Dupont Avenue N,Brooklyn Center,MN 55430 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display, Single Family Residential, MLS #: 3905570 Type: by Brett Hildreth as part of the public record for his appeal. 6807 Regent Avenue N , Brooklyn Center, MN 55429 Status: Sold List Price: $159,999 original List Price: Seller Cont: $4,800 Image 1 of 10 �F z 152 .. a W s C 0 69th Ave N 130 (l 6807 Regent A% o Brooklyn Center �.. .• d x 67th Ave N *. 66th Ave N p @2010 Minos RCoip @2008NAYTEQ,and/aTeleHas,lnr. Map Page: 77 Map Coord: E4 Directions: brooklyn bvd to 69th west to regent south to home on right (Click icon for Virtual Earth Map) Total Bed/Bath: 4/ 2 Garage: 2 Year Built: 1957 MLS Area: 363 - Brooklyn Center TAX INFORMATION Secondary Area: 364 - Brooklyn Park Property ID: Style: (SF) One Story Tax Year: 2010 Const Status: Previously Owned Tax Amt: $1,972 Foundation Size: 1,040 Assess Bal: $1,373 AbvGrdFinSgFt: 1,040 Tax w/assess: $3,344 BelGrdFinSgFt: 850 Assess Pend: Total Fin SgFt: 1,890 Homestead: Yes Acres: 0.230 Lot Size: 75 X 134 List Date: 04/03/2010 Received By MLS:04/03/2010 Days On Market: 112 Off Market Date: 07/25/2010 Selling Agent: Date Closed: 06/30/2010 Selling Office: General Property Information Legal Description: Lot 007 Block 002 NORDSTROMS TERRACE County: Hennepin Postal City: Brooklyn Center School District: 286 - Brooklyn Center, 763-561-2120 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage- Light, Zero Lot Line, City Bus (w/in 6 blks) Road Frontage: City, Paved Streets, Curbs Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Not your average remodel... Home has been restored to like new condition! Top quality materials and workmanship! Professionally remodeled with all permits... Easy to show and sell today... No waiting for the bank! Good solid neighborhood and block... http-.//matrix.northstarmis.com/Matrix/Display.aspx"c AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 3 of 5 Public Remarks: Professionally remodeled 4 bed, 2 bath, 2+ car home awaits you... see & buy TODAY! Nc waiting... ALL new kitchen w/SS appliances, tiled floors, plush carpets, gleeming hardwood firs, energy efficient windows, maintance free exterior, big fenced yard... Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 23X13 Laundry Lower 20X12 Fuel: Natural Gas Dining Rm Main 12X12 Utility Room Lower 12X10 Air Cond: None Family Rm Lower 15X20 Water: City Water/Connect( Kitchen Main 16X8 Bathrooms Sewer: City Sewer/Connect* Bedroom 1 Main 13X10 Total: 2 3/4: 1 1/4: 0 Garage: 2 Bedroom 2 Main 10X10 Full: 1 1/2: 0 0th Prkg: 4 Bedroom 3 Main 10X10 Pool: None Bedroom 4 Lower 15X12 Bath Description: Main Floor Full Bath, 3/4 Basement Dining Room Desc: Eat In Kitchen, Breakfast Area, Living/Dining Room Fireplaces: 0 Fireplace Characteristics: Appliances: Range, Microwave, Exhaust Fan/Hood, Dishwasher, Refrigerator Basement: Full, Finished (Livable), Day/Lookout Windows, Egress Windows, Concrete Block Exterior: Metal/Vinyl, Brick/Stone Fencing: Chain Link, Full Roof: Asphalt Shingles, Pitched, Age 8 Years or Less Amenities-Unit: Natural Woodwork, Kitchen Window, Hardwood Floors,Tiled Floors, Washer/Dryer Hookup, Local Area Network Parking Char: Detached Garage, Driveway -Asphalt, Garage Door Opener, No Int Access to Dwelling Special Search: 3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000 % Sub-Agent Comp: 0 % Facilitator Comp: 0 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $159,999 Seller Contribution: $4,800 Financial Remarks: any new financing! $10,000 1st time homebuyers $ available! call for info Sellers Terms: FHA, DVA, Conventional, Special Funding, Cash, Other Existing Financing: Free and Clear In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Brent J. Breen 612-850-5300_ Listing Office: Net Worth Realty, Inc Office Phone: 952-939-6677 MLS #: 3905570 Address: 6807 Regent Avenue N , Brooklyn Center, MN 55429 http://matrix.northstarml s.com/Matrix/Di splay.aspx?c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 0- 1 Northstar MLS Matrix The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3941668 Type: For Sale by Brett Hildreth as part of the public _ record for his appeal. F 5431 Irving Avenue N, Brooklyn Center, MN 55430-3070 Status: Sold List Price: $159,800 Sold Price: $145,000 Original List Price: $159,800 Seller Cont: $4,500 Image 1 of 10 Slideshow •Open All 58th Ave N blrx .w . 700 r (f N 57 571h Ave N 57 57th Ave N �y � 3 Dr Brooklyn Center z 5431 Irving AvE Ericon�• _ 1 55th Ave N Q Q' n z n, z = z o a a s 54h Ave N ° i a Q A € V 53rd Ave N o ^ 'g = w ° b «� Q 52nd Ave N N 52nd Ave t. &2o io l roq 02oo8 NI91EQ,andprwe it Inc. V 07 zz Map Page: 92 Map Coord: B2 WEBForms Directions: AQ Add to Watched Items 57th Ave to Irving S to home on the right. X Report a problem with this listing (Click icon for Virtual Earth Map) Total Bed/Bath: 4/2 Garage: 2 Year Built: 1956 MLS Area: 363-Brooklyn Center TAX INFORMATION Secondary Area: 364-Brooklyn Park Property ID: 0211821440083 Style: (SF)One Story Tax Year: 2010 Const Status: Previously Owned Tax Amt: $2,197 Foundation Size: 960 Assess Bal: $ AbvGrdFinSgFt: 1,070 Tax w/assess: $2,197 BelGrclFinSgFt: 900 Assess Pend: Unknown Total Fin SgFt: 1,970 Homestead: Yes Acres: 0.000 Lot Size: 77 x 130 List Date: 06/25/2010 Received By MLS:06/25/2010 Days On Market: 26 CDOM History Off Market Date: 07/21/2010 Selling Agent: Pam Schlemmer Date Closed: 09/17/2010 Selling Office: Prudential Sundial Realty General Property Information Legal Description: Krutzigs Addn Lot 003,Bilk 002. County: Hennepin Postal City: Brooklyn Center School District: 286-Brooklyn Center,763-561-2120 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Medium Road Frontage: City Zoning: Residential-Single Accessibility: Other Remarks Agent Remarks: Fresh Sealcoating on Driveway June 2010,fresh paint June 2010.This house has finishings of a house twice the price!Oversized 2 car garage! Public Remarks: Four Season Porch,New Roof(2010)New windows(2030)Granite Countertops(2010) Stainless Steel Appliances(2010),new carpet(2010),fresh landscaping,oversized 2 car garage,updated baths,tiled floors,fresh paint,H2O Heater(2030),Hardwood Floors! Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 14x13 Sun Room Main 11x10 Fuel: Natural Gas Dining Rm Main 10x8 Den Lower 12x9 Air Cond: Central Family Rm Lower 12x17 Deck Main 20x12 Water: City Water/Connected Kitchen Main 11x11 Laundry Lower 9x10 Sewer: City Sewer/Connected Bedroom 1 Main 13x11 Utility Room Lower 10x10 Garage: 2 Bedroom 2 Main 11x10 Oth Prkg: 6 Bedroom 3 Main 11x10 Bathrooms Pool: Bedroom 4 Lower 11x10 Total: 2 3/4: 0 1/4: 0 Full: 2 1/2: 0 Bath Description: Main Floor Full Bath,Full Basement,Basement,Whirlpool Dining Room Desc: Eat In Kitchen,Living/Dining Room,Other Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 0 1 Northstar MLS Matrix Pate 3 of 5 The following MLS documentation was printed, discussed and submitted to th Appliances: Range,Microwave,Dishwasher, Refrigerator,Washer, Dryer Local Board of Appeal and Equalization Basement: Full,Finished(Livable),Concrete Block by Brett Hildreth as part of the public Exterior: Brick/Stone,Other Fencing: Wood,Chain Link record for his appeal. Roof: Asphalt Shingles,Age 8 Years or Less Amenities-Unit: Deck,Patio,Porch, Natural Woodwork, Kitchen Window,Ceiling Fan(s), Hardwood Floors,Tiled Floors,Sun Room Parking Char: Attached Garage,Driveway-Asphalt,Garage Door Opener Special Search: 3 BR on One Level,All Living Facilities on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 2.7000% Facilitator Comp: 2.7000' Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $142,073 Seller Contribution: $4,500 Sellers Terms: FHA, DVA,Conventional,Adj.Rate/Gr Payment,Cash,Other Existing Financing: Free and Clear In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Mark C. Fearing 763-226-7127 Listing Office: Prodigy Real Estate Office Phone: 651-222-6683 MLS#: 3941668 Address: 5431 Irving Avenue N,Brooklyn Center,MN 55430 http://matrix.northstan-nls.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 M____ 0 E Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3909371 Type: For Sale by Brett Hildreth as part of the public 4924 Beard Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $149,900 Sold Price: $145,000 Original List Price: $149,900 Seller Cont: $5,000 Image 1 of 8 Slideshow Open All 53rd Ave N y` bi x 52nd Ave N :'/152 n a l 3 a BroOkf �4924 Beard Avc 50th Ave N cenw f; 152 100 4901 Are N �r 48th Ave N 01 47th At N ° r e Robbinsdde Ryan Lake 02010 NisaesoRcoq®2008 NAV1EQ,one/orTele otles,loc. Map Page: 92 Map Coord: A2 j WEBForms Directions: Add to Watched Items Brooklyn Blvd to 50th Ave go west to Beard Ave turn left on Beard to home Report_a_problem with this listing W(Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 19SO MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 1011821130011 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 800 Tax Amt: $1,891 AbvGrdFinSgFt: 852 Assess Bal: $ BelGrdFinSgFt: 600 Tax w/assess: $1,891 Total Fin SgFt: 1,452 Assess Pend: Acres: 0.550 Homestead: Yes Lot Size: W89X295X75X342 List Date: 04/09/2010 Received By MLS:04/09/2010 Days On Market: 61 CDOM History Off Market Date: 06/09/2010 Selling Agent: Dana B.Oelkers Date Closed: 08/06/2010 Selling Office: RE/MAX Results General Property Information Legal Description: Lot 011 Block 003 BROOKLYN MANOR BROOKLYN CTR County: Hennepin Postal City: Brooklyn Center School District: 281-Robbinsdale,763-504-8000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Irregular Lot Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Offer accepted,contingent on inspection Move in ready,Beautifully decorated rambler, upgraded woodwork with 6 panel oak doors,ceramic the in BA,hardwood floors on main level,over 1/2acre lot in nice residential area. Public Remarks: Move in ready,Beautifully decorated rambler,upgraded woodwork with 6 panel oak doors,ceramic tile in BA,hardwood floors on main level,over 1/2acre lot in nice residential area.Maint.free windows,new furnace and air 2004,a MUST see Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 18x13 Office Lower 13x12 Fuel: Natural Gas Dining Rm Laundry Lower 17x9 Air Cond: Central Family Rm Lower 16x12 Deck Main Water: City Water/Connected Kitchen Main 18x10 Sewer: City Sewer/Connected Bedroom 1 Main 13x11 Bathrooms Garage: 2 Bedroom 2 Main 13x10 Total: 2 3/4: 0 1/4: 0 Oth Prkg: Bedroom 3 Lower 12x12 Full: 1 1/2: 1 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,1/2 Basement Dining Room Desc: Informal Dining Room,Eat In Kitchen Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 The following MLS documentation was Basement: Full,Finished(Livable),Concrete Block printed, discussed and submitted to the Exterior: Wood,Brick/Stone Local Board of Appeal and Equalization Fencing: Chain Link b Brett Hildreth as Roof: Asphalt Shingles,Pitched,Age 8 Years or Less Y part of the public Amenities-Unit: Deck record for his appeal. Parking Char: Attached Garage,Driveway-Concrete,Garage Door Opener Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 0 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: Conventional Sale Loan Amount: $118,000 Seller Contribution: $5,000 Sellers Terms: FHA,DVA,Conventional Existing Financing: Conventional In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Suzanne Dvorak 612-709-2485 Listing Office: Werner Bros Realty Office Phone: 612-250-5727 MLS#: 3909371 Address:4924 Beard Avenue N,Brooklyn Center,MN 55429 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 I E__ 0- Northstar MLS Matrix Paves ') nr The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display, Single Family Residential, MLS #: 3951609 type: For Sale by Brett Hildreth as part of the public 3218 67th Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $149,900 Original List Price: $149,900 Seller Cont: $7,100 Image 1 of 8 7 nL 4 l ' �.z Urban Ave N �. �. 64th Ave N 69th Ave N s96 N y £ 3218 67th Aver a a Brooklyn center ° 152 64th Ave 4 65th Aw N .`"'-...r Y' �"F ®2010 MicrosM Cory 2>2003 NgVhQ,and(ertele Atls,lnc. Map Page: 78 Map Coord: A4 Directions: 14A 69th to Beard Ave North-South to 67th Ave- East to home. (Click icon for Virtual Earth Map) Total Bed/Bath: 4/2 Garage: 2 Year Built: 1966 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,162 Tax Amt: $2,447 AbvGrdFinSgFt: 1,162 Assess Bal: $ BeiGrdFinSgFt: 435 Tax w/assess: $2,447 Total Fin SgFt: 1,597 Assess Pend: Acres: 0.270 Homestead: No Lot Size: S 75X155X78X149 List Date: 07/22/2010 Received By MLS:07/22/2010 Days On Market: 11 Off Market Date: 08/02/2010 Selling Agent: Date Closed: 09/17/2010 Selling Office: General Property information Legal Description: Lot 021 Block 003 ELSENS CITY VIEW 3RD ADDN County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage- Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: 3 BRs on one level,hardwood floors, kitchen with eat-in area, 2 fireplaces, fenced yard& 2 car detached garage.Agent bonus of$1,000 and$1,200 appliance allowance for buyer if under contract by 7/30/2010. Fax offers to 952-378-2774. Public Remarks: 4BR/2BA One story located on a.27 lot. Property features: 3 BRs on one level,hardwood floors,kitchen with eat-in area,2 fireplaces,fenced yard&2 car detached garage. $1,200 appliance allowance. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 24x14 Fuel: Natural Gas Dining Rm Bathrooms Air Cond: Central Family Rm Lower 25x13 Total: 2 3/4: 0 114 0 Water: City Water/Connected Kitchen Main 17x13 Full: 1 112: 1 Sewer: City Sewer/Connected Bedroom 1 Main 13x11 Garage: 2 Bedroom 2 Main 11x11 0th Prkg: Bedroom 3 Main 11x11 Pool: Bedroom 4 Lower 13x10 Bath Description: Main Floor Full Bath, Main Floor 1/2 Bath Dining Room Desc: Informal Dining Room, Kitchen/Dining Room Family Room Char: Lower Level Fireplaces: 2 Fireplace Characteristics: Living Room, Family Room Appliances: Range,Dishwasher, Refrigerator http://matrix.northstarmis.com/Matrix/Display.aspx9c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 3 of 5 Basement: Full, Finished (Livable),Sump Pump, Egress Windows Exterior: Stucco, Brick/Stone Fencing: Wood Roof: Asphalt Shingles Amenities-Unit: Patio Parking Char: Detached Garage Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 2.70001 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $148,000 Seller Contribution: $7,100 Sellers Terms: FHA, DVA,Conventional,Cash Existing Financing: Conventional In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Wade A Klick 952-212-4742 Co-List Agt: Jason M. Elliott 952-212=4742 Listing Office: RELMAX Results Office Phone: 763-591-6000 MLS#: 3951609 Address: 3218 67th Avenue N, Brooklyn Center, MN 55429 http,//m atrix.northstarm i s.com/Matrix/Di spl ay.aspx?c=AAEAAA D*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display, Single Family Residential,MLS #: 3964487 I ype: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public 5201 Eleanor Lane , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $149,900 original List Price: $159,900 Seller Cont: $6,705 Image 1 of 8 r Howe Ln x i Winchester Ln "t 65th Ave N 65th Ave N 5201 Eleanor U 3 Brooklyn Brooklyn Center I NEW Park 63rd Ave N Boulder Ln c 1= p 3 a 2 Crystal ®2010 MmAS oR Cory®2003 NM41E(r,ar,OlerTele ptla<,Inc. Map Page: 77 Map Coord: E4 Directions: Brooklyn Blvd to west on 63rd AVe N to north on Scott,one block to corner of Scott and Eleanor (Click icon for Virtual Earth Map) Total Bed/Bath: 5/3 Garage: 2 Year Built: 1958 MLS Area: 363- Brooklyn Center TAX INFORMATION Secondary Area: 364- Brooklyn Park Property ID: Style: (SF)One Story Tax Year: 2010 Const Status: Previously Owned Tax Amt: $2,438 Foundation Size: 1,248 Assess Bat: S AbvGrdFinSgFt: 1,248 Tax w/assess: $2,438 BelGrdRnSgFt: 900 Assess Pend: Unknown Total Fin SgFt: 2,148 Homestead: No Acres: 0.260 Lot Size: 90 X 127 List Date: 08/26/2010 Received By MLS:08/27/2010 Days On Market: 33 Off Market Date: 09/28/2010 Selling Agent: ,,iHaH Date Closed: 10/29/2010 Selling Office: a'k I V 2.1 tuge rig a t.y General Property Information Legal Description: Lot 001 Block 005 DONNAYS BROOK LYN GARDENS 2ND ADDN County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo, 763-391-7000 Mfg Home w/HUD*: No Complex/Dev/Sub: Common Wall: No Lot Description: Corner Lot,Tree Coverage-Light Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: s bedrooms suits larger families or 2 famlies. Rehab.Garage doors to be repaired or replaced.Small detail items to be completed by closing,submit punch list with offer. Listing agent has investment interest in property but is not the owner. Public Remarks: Not your typical BC rambler! 5 bedrooms-slate for all-4 bedrooms on one level-rehabbed- new windows-newSS appliances-newly finished hardwood-new bath fixtures-new cabinets-new washer/dryer-new garage doors coming.Great areal) Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 23x13 Fifth (5th)Bedroom Basement 13x20 Fuel: Natural Gas Dining Rm Air Cond: None Family Rm Basement 33x13 Bathrooms Water: City Water/Connected Kitchen Main 16x9 Total: 3 3/4: 1 1/4: 0 Sewer: City Sewer/Connected Bedroom 1 Main 13x12 Full: 1 1/2: 1 Garage: 2 Bedroom 2 Main 12x9 0th Prkg: Bedroom 3 Main 12x9 Pool: Bedroom 4 Main 12x9 Bath Description: Main Floor Full Bath, 1/2 Master,3/4 Basement Family Room Char: Lower Level http://matrix.northstarml s.com/Matrix/Di spl ay.aspx"c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 3 of 5 Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Microwave, Dishwasher, Refrigerator,Washer, Dryer Basement: Full, Finished(Livable), Egress Windows Exterior: Wood,Shakes Fencing: Wood Roof: Asphalt Shingles Amenities-Unit: Patio, Natural Woodwork,Kitchen Window, Hardwood Floors,Tiled Floors,Walk-In Closet Parking Char: Detached Garage Special Search: 3 BR on One Level,4 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000 O/u Sub-Agent Comp: 0% Facilitator Comp: 2.7000 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $147,020 Seller Contribution: $6,705 Financial Remarks: Listing agent has investment interest in home.Some detail items remain to be completed soon. Sellers Terms: FHA, DVA,Conventional,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Linn Kesler 763 Listing Office: RE1MAX AssouatPS Pluv Inc Office Phone: 763-323-8080 MLS#: 3964487 Address: 5201 Eleanor Lane,Brooklyn Center, MN 55429 http-//matrix.northstarmIs.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 I- ___ — M Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential,MLS #: 3916174 Type: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public 4106 71st Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $147,000 Original List Price: $161,500 Seller Cont $4,350 Image 1 of 10 + n Brookdale Park z Brooklyn Park 73rd Ave N 4400dbne Ln N 7 4106 1st Aver ' =yt 11F t t T Y.. Nk pp - ' 152 773t k a Brooklyn rt = Center :Z .�, Urban kve N 130 69th Ave N �i010 MicASO�Loq®200R NG41EC.and terTele Gtlas,iuc. Map Page: 78 Map Coord: A3 Directions: A4 69th to Halifax, No to 71st,west to home x, (Click icon for Virtual Earth Map) Total Bed/Bath: 4/3 Garage: 2 Year Built: 1959 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: Const Status: Previously Owned Tax Year: 2009 Foundation Size: 1,200 Tax Amt: $2,587 AbvGrdFinSgFt: 1,200 Assess Bal: $ BelGrdFinSgFt: 746 Tax w/assess: $2,608 Total Fin SgFt: 1,946 Assess Pend: Unknown Acres: 0.310 Homestead: Yes Lot Size: S106x14Ox78x195 List Date: 04/22/2010 Received By MLS:04/22/2010 Divs On Market: 109 Off Market Date: 08/09/2010 Selling Agent: Date Closed: 09/24/2010 Selling Office: General Property Information Legal Description: Lot 013 Block 002 Northbrook Manor 4th addn County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Light,City Bus(w/in 6 blks) Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Not a foreclosure/not short sale.Verify measurements.Seller will provide 2 window a/c units. Public Remarks: Gorgeous,huge home,with amazing updates. New kitchen,SS appls,water heater. Prof painted. New carpet,flooring,lighting, refin hdwd. Huge lot,great loc/nbad. New Boiler and new gar door/opener.Clean&Classy, Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Hot Water Living Rm Main 26x13 Fuel: Natural Gas Dining Rm Main 12x10 Bathrooms Air Cond: Window Family Rm Lower 24x13 Total: 3 3/4: 1 1/4: O Water: City Water/Connected Kitchen Main 15x9 Full: 1 1/2: 1 Sewer: City Sewer/Connected Bedroom 1 Main 13x12 Garage: 2 Bedroom 2 Main 10x10 Oth Prkg: Bedroom 3 Main 10x9 Pool: Bedroom 4 Lower 13x12 Bath Description: Main Floor Full Bath, 1/2 Master,3/4 Basement Dining Room Desc: Separate/Formal Dining Room, Eat In Kitchen Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Microwave, Dishwasher, Refrigerator,Washer,Dryer Basement: Full, Finished (Livable) http://matrix.northstarmis.com/Matrix/Di splay.aspx9c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 3 of 5 Exterior: Metal/Vinyl Roof: Asphalt Shingles Amenities-Unit: Patio, Kitchen Window, Hardwood Floors,Tiled Floors,Washer/Dryer Hookup Parking Char: Detached Garage,Garage Door Opener Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 2.7000% Facilitator Comp: 2.7000 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $ Seller Contribution: $4,350 Sellers Terms: FHA, DVA,Conventional,Cash Existing Financing: Free and Clear In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: .t<s; ., Detma, r,12.-8s9-3913 Listing Office: Office Phone: 763-420-2424 MLS#: 3916174 Address: 4106 71st Avenue N, Brooklyn Center, MN 55429 http://matrix.northstarmis.com/Matrix/Di splay.aspx?c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display, Single Family Residential, MLS #: 3925361 lyre: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public 6236 Regent Avenue N , Brooklyn Center, MN 55429-2354 record for his appeal. Status: Sold List Price: $144,900 original List Price: $149,900 Seller Cont: $7,949 Image 1 of 10 Howe Ln 661h Ave N Winchester Ln 'hnchester Ln 614h Ave N x Brooklyn Center 3 S Eleanor Ln (�6236 Regent At t U y = 63rd Ave N :3 63rd Ave N RfN e, g z a � Crystal Kylawn Park X2010 Micros otl Loq�OOR NAVIEQ,end/orTele Atlas,Inc. Map Page: 91 Map Coord: El Directions: BROOKLYN BLVD TO 63RD-W TO REGENT- S TO HOME (Click icon for Virtual Earth Map) tP� Total Bed/Bath: 5/2 Garage: 2 Year Built: 1958 MLS Area: 363-Brooklyn Center TAX INFORMATION Secondary Area: 364- Brooklyn Park Property ID: Style: (SF)One Story Tax Year: 2010 Const Status: Previously Owned Tax Amt: $2,220 Foundation Size: 1,000 Assess Bal: $ AbvGrdFnSgFt: 960 Tax w/assess: $2,220 BelGrdFinSgFt: 768 Assess Pend: No Total Fin SgFt: 1,728 Homestead: No Acres: 0.240 Lot Size: 75X135 List Date: 05/14/2010 Received By MLS:05/14/2010 Gays On Market: 53 Off Market Date: 07/29/2010 Selling Agent: Date Closed: 10/19/2010 Selling Office: General Property Information Legal Description: LOT 2,BLOCK 2,WAITES 2ND ADDITION County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo, 763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Waites Addn. Common Wall: No Lot Description: Irregular Lot,Tree Coverage-Light,City Bus (w/in 6 blks) Road Frontage: City Zoning: Residential-Single Accessibility: None Pasture Acres: .00 Tillable Acres: .00 Wooded Acres: .00 Remarks Agent Remarks: PREQUALIFICATION REQUIRED W/ALL OFFERS:CALL Alec Grebis with Bell Mortgage at 612-600-4800 FOR PRE-APPROVAL.Owner Occupant Only. 1 Year Home Warranty Included in Sale. Fax offers to 952-848-2410. Not a foreclosure or short sale.Great deal! Public Remarks: GRANITE,STAINLESS, HRDWD FLRS.Spacious 58R home in Great Neighborhood.Just like new-new kitchen, updated baths,floors, interior paint&more. Hurry! Free 1 Year Home Warranty Included in Sale. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 15 x 12 Fifth(5th)Bedroom Lower 17x10 Fuel: Natural Gas Dining Rm Main 8 x 6 Air Cond: Central Family Rm Lower 17 x 10 Bathrooms Water: City Water/Connected Kitchen Main 16 x 9 Total: 2 3/4: 1 1/4: 0 Sewer: City Sewer/Connected Bedroom 1 Main 12 x 11 Full: 1 1/2: 0 Garage: 2 Bedroom 2 Main 12 x 10 Oth Prkg: 2 Bedroom 3 Main 12 x 10 Pool: None http://matrix.northstarml s.com/Matrix/Di spl ay.aspx"c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 3 of 5 Bedroom 4 Lower 15 x I I Bath Description: Main Floor Full Bath,3/4 Basement, Basement Dining Room Desc: Eat In Kitchen,Other Family Room Char: Lower Level Fireplaces: 1 Fireplace Characteristics: Other, Living Room Appliances: Range,Microwave, Exhaust Fan/Hood, Dishwasher, Refrigerator Basement: Full, Finished(Livable), Egress Windows Exterior: Metal/Vinyl Fencing: Chain Link Roof: Asphalt Shingles Amenities-Unit: Deck Parking Char: Detached Garage Shared Rooms: Amusement/Party Rm Special Search: Main Floor Bedroom,3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 2.7000% Facilitator Comp: 2.7000, Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $144,947 Seller Contribution: $7,949 Financial Remarks: Max combined Income Restrictions: 1-4 Person: $96,000 5 Person: $104,420 6 Person: $112,125 Sellers Terms: FHA, DVA,Conventional,Adj. Rate/Gr Payment,Special Funding,Cash,Other In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Inform.ati:D,- Listing Agent: Listing Office: Office Phone:952-848-2400 MLS#: 3925361 Address: 6236 Regent Avenue N, Brooklyn Center, MN 55429 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential, MLS#: 3939072 Type: For Sale Local Board of Appeal and Equalization 7125 W Palmer Lake Drive, Brooklyn Center, MN 55429 by Brett Hildreth as part of the public record for his appeal. Status: Sold List Price: $144,900 Sold Price: $144,900 Original List Price: ;154,vvu Seller Cont: $4,500 Image 1 of 10 Shdesho v Open All Brookdale 74th Ave N Park Brooklyn Park z a K 7125 W Palmer Ave N Brooklyn center ~V Urban Ave N 69th Ave N 69th Ave N 690 Ott,N �w r 02010 MoOMSORC01P 02008 NAVTEQ,]nAJsrTele Al lAC. Map Page: 78 Map Coord: A3 Supplements are_available for this orpp_erty, Directions: WEBForms Shingle Creek Pkwy to W Palmer Lk or& Go N Add to Watched Items (Click icon for Virtual Earth Map) Report_a-rgblem with this listing Total Bed/Bath: 4/2 Garage: 2 Year Built: 1959 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 2711921410016 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,024 Tax Amt: $2,180 AbvGrdFinSgFt: 1,024 Assess Bal: $ BelGrdFinSgFt: 776 Tax w/assess: $2,180 Total Fin SgFt: 1,800 Assess Pend: Acres: 0.230 Homestead: No Lot Size: E90X106X86X125 List Date: 06/18/2010 Received By MLS:06/18/2010 Days On Market:45 CD_OM History Off Market Date: 08/02/2010 Selling Agent: Vanessa Mattesich Date Closed: 08/31/2010 Selling Office: Cameron Real Estate Services General Property Information Legal Description: Lot 001 Block 001 PALMER LAKE TERRACE 3RD ADDN County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Seller offering buyer's agent$2000 bonus of closed on or before]ul 31,2010. Buyer/buyer's agent to verify measurements.Home has been freshened up,filled with new appliances,and is ready to show!Home is being sold"As Is".Please see supplements Public Remarks: Beautiful,neat&clean home located on quiet street across from Palmer Park West,just 2 blocks from elem school.Freshly painted,ready to move it!New appliances-refrigerator, stove,dishwasher,washer dryer!A must see!! Structure Information Room Level Dimen Other Rooms Level D!men Heat: Forced Air Living Rm Main 21x13 Laundry Lower 17x7 Fuel: Natural Gas Dining Rm Patio Main 14x13 Air Cond: Central Family Rm Lower 21x12 Water: City Water/Connected Kitchen Main 16x8 Bathrooms Sewer: City Sewer/Connected Bedroom 1 Main 13x12 Total: 2 3/4: 1 1/4: 0 Garage: 2 Bedroom 2 Main 10x8 Full: 1 112: 0 Oth Prkg: Bedroom 3 Main 11x10 Pool: Bedroom 4 Lower 12x10 Bath Description: Main Floor Full Bath,3/4 Basement Dining Room Desc: Eat In Kitchen http://matrix.northstarmis.coin/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 01 Northstar MLS Matrix Page 3 of 5 Family Room Char: Main Level Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Cooktop,Exhaust Fan/Hood,Dishwasher,Refrigerator,Washer,Dryer,Water Softener-Owned Basement: Full,Finished(Livable),Egress Windows The following MLS documentation was Exterior: Wood,Stucco printed, discussed and submitted to the Amenities-Unit: Patio,Hardwood Floors Parking Char: Attached Garage,Driveway-Concrete,Garage Door Opener Local Board of Appeal and Equalization Special Search: 3 BR on One Level by Brett Hildreth as part of the public Financial record for his appeal. Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 2.7000% Facilitator Comp: 2.7000 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $142,974 Seller Contribution: $4,500 Financial Remarks: Will be FHA eligible as of July 23. Sellers Terms: Conventional,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Liza M.Cameron 612-216-1167 Listing Office: Cameron Real Estate Services Office Phone: 612-216-1167 MLS#: 3939072 Address: 7125 W Palmer Lake Drive,Brooklyn Center,MN 55429 http://matrix.northstannls.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential, MLS#: 3907800 Type: For Sale by Brett Hildreth as part Of the public 6238 Lilac Drive N, Brooklyn Center, MN 55430 record for his appeal. Status: Sold List Price: $139,900 Sold Price: $130,000 Original List Price: $139,900 Seller Cont: $ Image 1 of 30 Sideshow Open All h. h f l +{fir 65th Ave N 262 64th Ave N 35p 6238 Lilac Drivr JJ 35C and 36 N" n � Brooklyn Geller a 52 61st Ave N n t � 1DD 60th Ave N M :Z z 1 @2010 MienseR corp 02008 NAV1EQ,mlJeriele Atlat,loe+ . Map Page: 78 Map Cool C4 WEBForms Directions: !}e Add to Watched Items 694-252N to 66th W to DuPont S to Lilac Re ort a Dr E to home � probl_em_with_this listing (Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 1977 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3611921340062 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 864 Tax Amt: $2,114 AbvGrdFinSgFt: 864 Assess Bal: $155 BelGrdFinSgFt: 644 Tax w/assess: $2,270 Total Fin SgFt: 1,508 Assess Pend: Yes Acres: 0.000 Homestead: Yes Lot Size: 160x85 List Date: 04/08/2010 Received By MLS:04/08/2010 Days On Market: 54 CDOM History Off Market Date: 06/01/2010 Selling Agent: Pat A.Tabor Date Closed: 05/28/2010 Selling Office: Edina Realty,Inc. General Property Information Legal Description: J R Murphy Addn Lot 17 Blk 2 County: Hennepin Postal City: Brooklyn Center School District: 286-Brooklyn Center,763-561-2120 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Irregular Lot,Tree Coverage-Medium,City Bus(w/in 6 blks) Road Frontage: city Zoning: Residential-Single Accessibility: Other Remarks Agent Remarks: Awesome location.Very nice and quiet neighborhood.Ask about$30K assistance from city.Lender has made the updates for your buyer.Clean and bright.Note garage has one stall,but sq ft of a two car garage.Your buyers will not be disapointed. Public Remarks: Great family neighborhood with 2 Bedrooms up,3rd lower bedroom will have egress installed-2 baths.New appliances,carpet,paint and hardwood floors.Large fenced in yard.Close to parks,schools and shopping. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 19x12 Den Lower 11x8 Fuel: Natural Gas Dining Rm Main 8x8 Air Cond: Central Family Rm Lower 22x11 Bathrooms Water: City Water/Connected Kitchen Main 11x8 Total: 2 3/4: 1 1/4: 0 Sewer: City Sewer/Connected Bedroom 1 Main 13x12 Full: 1 1/2: 0 Garage: 2 Bedroom 2 Main 11x9 Oth Prkg: 0 Bedroom 3 Lower 10x10 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Dining Room Desc: Separate/Formal Dining Room,Kitchen/Dining Room Family Room Char: Lower Level,Family Room Fireplaces: 0 Fireplace Characteristics: http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer,Water Softener-Owned,Air-To-Air Exchanger Basement: Full,Finished(Livable) Exterior: Metal/Vinyl,Brick/Stone Fencing: Wood,Chain Link Amenities-Unit: Patio,Kitchen Window,Ceiling Fan(s),Hardwood Floors,Tiled Floors,Washer/Dryer Hookup,Security System Parking Char: Detached Garage Special Search: Main Floor Bedroom Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 0 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $125,450 Seller Contribution: $ Sellers Terms: FHA,OVA,Conventional,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: Yes Contact Information Listing Agent: Andrew E. Marceau 952-278-7878 Listing Office: Twin Cities Real Estate Grouo Office Phone: 952-278-7878 MLS#: 3907800 Address: 6238 Lilac Drive N,Brooklyn Center,MN 55430 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential,MLS#: 3930237 Type: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public 7231 Bryant Avenue N , Brooklyn Center, MN 55430 record for his appeal. Status: Sold List Price: $139,900 Sold Price: $140,000 Original List Price: $139,900 Seller Cont: $4,000 Image 1 of 10 5lideshow Open All x .: 41 Meadowwood Dr N fi ryly. � 6 d g Brooklyn Park s — - 73rd Ave N Z : 7231 Bryant Ay * a o 252 - 72nd Ave N c m Amy Ln ;1 n 71st Ave N Z z 72nd *ya Brooklyn n m Center p. 70th Ave N n 69th Ave N a 02010 MiciesoR Coq 02008 NAVIEQ,inA/orme Atlas,Inc. Map Page: 78 Map Coord: C3 WEBForms Directions: 011� Add to Watched Items 73rd to Dupont,South to Woodbine,East R ort a to Bryant e _e - _p_rohlem with th s_listing w(Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 1964 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 2511921310047 Const Status: Previously Owned Tax Year: 2009 Foundation Size: 1,156 Tax Amt: $2,466 AbvGrdFinSgFt: 1,156 Assess Bal: $576 Be1GrdFinSgFt: 719 Tax w/assess: $3,063 Total Fin SgFt: 1,875 Assess Pend: Acres: 0.220 Homestead: Yes Lot Size: 76 X 125.58 List Date: 05/25/2010 Received By MLS:05/27/2010 Days On Market: 11 CDOM History Off Market Date: 06/05/2010 Selling Agent: Victor Wittgenstein Date Closed: 06/24/2010 Selling Office: Coldwell Banker Burnet General Property Information Legal Description: Lot 005 Block 003 NORTHLAND ESTATES County: Hennepin Postal City: Brooklyn Center School District: 11-Anoka-Hennepin,763-506-1000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Light Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: NOT A SHORT SALE OR FORECLOSURE!VERIFY MEASURMENTS. Public Remarks: Superb,Spacious updtd home in great nbad.NEW:windows,carpet,appls,flooring,paint thruout,w/d.Newer:high eff.furn,roof,water heater.Gorg kitchen!Hdwd refin.thruout. LL 4/5th non-conf bedrms.Clean and classy! Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 16x12 Office Lower 15x10 Fuel: Natural Gas Dining Rm Den Lower 14x12 Air Cond: Central Family Rm Lower 24x14 Water: City Water/Connected Kitchen Main 21x11 Bathrooms Sewer: City Sewer/Connected Bedroom 1 Main 13x11 Total: 2 3/4: 1 1/4: 0 Garage: 2 Bedroom 2 Main 14x9 Full: 1 1/2: 0 Oth Prkg: Bedroom 3 Lower 11x9 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Dining Room Desc: Eat In Kitchen Family Room Char: Lower Level,2 or More Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Microwave,Refrigerator,Washer,Dryer Basement: Full,Finished(Livable) Exterior: Metal/Vinyl http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Roof: Asphalt Shingles Amenities-Unit: Patio,Natural Woodwork, Kitchen Window, Hardwood Floors,Washer/Dryer Hookup Parking Char: Detached Garage,Garage Door Opener Special Search: Main Floor Bedroom,3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 2.7000% Facilitator Comp: 2.7000' Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $ The following MLS documentation was Seller Contribution: $4,000 printed, discussed and submitted to the Sellers Terms: FHA, OVA,Conventional,Cash Local Board of Appeal and Equalization Existing Financing: Free and Clear pp q In Foreclosure?: No by Brett Hildreth as art of the public Lender Owned?: No p p Potential Short Sale?: No record for his appeal. Owner is an Agent?: No Contact Information Listing Agent: Jodi L. Detmar 612-889-3913 Listing Office: Edina Realty,Inc. Office Phone: 763-420-2424 MLS#: 3930237 Address: 7231 Bryant Avenue N, Brooklyn Center,MN 55430 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential,MLS#: 3890809 Type: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public F_ 6800 Beard Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $139,000 Sold Price: $136,000 Original List Price: $159,000 Seller Cont: $5,540 Image 1 of 10 51_ide-sho-w •Open-AI-I b E s n 69th Ave N 69th Ave N 6800 Beard AVE R 1 Brook"Center _ = 33 FrraY 66th Ave N 152 65th Ave N &2010 Microsoft Coq®2008 NW IEQ.ml JwTele Alas.140. Map Page: 78 Map Coord: A4 WEBForms Directions: Add to Watched Items Brooklyn Blvd N to 69th,E to Beard, Bout to ome. Report _problem with this listing 40(Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 1959 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3411921110037 Const Status: Previously Owned Tax Year: 2009 Foundation Size: 1,028 Tax Amt: $2,355 AbvGrdFinSgFt: 1,028 Assess Bal: $ BeIGrdFinSgFt: 621 Tax w/assess: $2,355 Total Fin SgFt: 1,649 Assess Pend: Unknown Acres: 0.210 Homestead: Yes Lot Size: 75x130 List Date: 03/05/2010 Received By MLS:03/05/2010 Days On Market: 92 C1) M History Off Market Date: 06/05/2010 Selling Agent: Andrew Gonzalez Date Closed: 06/24/2010 Selling Office: Lakes Area Realty General Property Information Legal Description: Lot 6 Block 2 Eisen's City View County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Corner Lot,City Bus(w/in 6 blks) Road Frontage: City,Sidewalks Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Verify measurements.NOT a foreclosure or short sale. Public Remarks: Super updates:new carpet/appls/lighting.Newer:roof,mechan icals.Prof painted.Huge yard,great location.Clean and move in condition.Shows great! Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 21x12 Office Lower 11x11 Fuel: Natural Gas Dining Rm Air Cond: Central Family Rm Lower 20x11 Bathrooms Water: City Water/Connected Kitchen Main 18x10 Total: 2 3/4: 0 1/4: 0 Sewer: City Sewer/Connected Bedroom 1 Main 12x12 Full: 2 1/2: 0 Garage: 2 Bedroom 2 Main 12x12 Oth Prkg: Bedroom 3 Main 10x9 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,Full Basement Dining Room Desc: Eat In Kitchen Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer,Water Softener-Owned Basement: Full,Finished(Livable) Exterior: Stucco Roof: Asphalt Shingles,Age 8 Years or Less http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Amenities-Unit: Patio,Natural Woodwork,Kitchen Window,Hardwood Floors Parking Char: Detached Garage,Garage Door Opener Special Search: All Living Facilities on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 2.7000% Facilitator Comp: 2.70001 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: Assumable Sale Loan Amount: $ Seller Contribution: $5,540 The following MLS documentation was Sellers Terms: FHA,OVA,Conventional,Cash printed, discussed and submitted to the Existing Financing: Free and Clear Local Board of Appeal and Equalization In Foreclosure?: No Lender Owned?: No by Brett Hildreth as part of the public Potential Short Sale?: No Owner is an Agent?: No record for his appeal. Contact Information Listing Agent: Jodi L. Detmar 612-889-3913 Listing Office: Edina Realty,Inc. Office Phone: 763-420-2424 MLS#: 3890809 Address: 6800 Beard Avenue N,Brooklyn Center,MN 55429 http://matrix.northstannls.coin/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3942089 Type: For Sale by Brett Hildreth as part of the public 5736 Northport Drive, Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $139,000 Sold Price: $134,000 Original List Price: $139,000 Seller Cont: $4,383 Image 1 of 10 Slideshow Open Ail 61st A* N f z blfiK a a a x 5 x 5736 Northport g _+ "A Brooklyn Center 70 COW 0 56th Ave N U s}Brookdale Z center 4 O 17,"MAY;.t .;?_dF -.._ �.?!,;1.1: &2010 Microsort COq®2008 ANVTEQ,aM/orTele Atlas,lnc. �� Map Page: 92 Map Cool Al Supplements are available for this property, Directions: WEBForms 694 to Brooklyn Blvd-Go South to Bass 1 Add to Watched Items Lake Rd-Go West t Northport Dr.Go South to Home Report aproblem with this_I_isting (Click icon for Virtual Earth Map) Total Bed/Bath: 5/2 Garage: 2 Year Built: 1956 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 0311821130088 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,198 Tax Al $2,097 AbvGrdFinSgFt: 1,198 Assess Bal: $ BelGrdFinSgFt: 980 Tax w/assess: $2,097 Total Fin SgFt: 2,178 Assess Pend: Acres: 0.190 Homestead: Yes Lot Size: 73.67 X 110 List Date: 06/25/2010 Received By MLS:06/25/2010 Days On Market: 75 CDOM History Off Market Date: 09/08/2010 Selling Agent: Linn Kesler Date Closed: 09/03/2010 Selling Office: RE/MAX Associates Plus, Inc. General Property Information Legal Description: Lot 000 Block 000 REG.LAND SURVEY NO.0534 TRACT A EX HWY County: Hennepin Postal City: Brooklyn Center School District: 281-Robbinsdale,763-504-8000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Road Frontage: City,State Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Easy to show.Fully updated home.Agent is related to seller. Public Remarks: Fully updated home.Priced to sell.2 bed on lower level with egress wndws.New furnance.AC Wood floor.full bath in lower level.Great for 1st time home buyer Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 25x14 Fifth(5th)Bedroom Lower 14x13 Fuel: Natural Gas Dining Rm Main 9.9 Laundry Lower 14x8 Air Cond: Central Family Rm Lower 25x12 Water: City Water/Connected Kitchen Main 14x10 Bathrooms Sewer: City Sewer/Connected Bedroom 1 Main 12x13 Total: 2 3/4: 0 1/4: 0 Garage: 2 Bedroom 2 Main 11x12 Full: 2 1/2: 0 Oth Prkg: Bedroom 3 Main 12x13 Pool: Bedroom 4 Lower 12x13 Bath Description: Main Floor Full Bath,Full Basement Dining Room Desc: Informal Dining Room,Eat In Kitchen,Living/Dining Room Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Cooll Exhaust Fan/Hood,Dishwasher,Refrigerator,Washer,Dryer, Disposal Basement: Finished(Livable),Egress Windows http://matrix.northstarrnls.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Exterior: Stucco,Brick/Stone Fencing: Wood,Partial Roof: Asphalt Shingles Amenities-Unit: Deck,Kitchen Window,Hardwood Floors,Tiled Floors,Washer/Dryer Hookup Parking Char: Detached Garage Special Search: 3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.5000% Sub-Agent Comp: 2.5000% Facilitator Comp: 0 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $132,219 Seller Contribution: $4,383 Sellers Terms: FHA,Conventional,Special Funding,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Xuvan Janet Lana 763-607-2816 Listing Office: RE/MAX Results Office Phone: 763-591-6000 MLS#: 3942089 Address: 5736 Northport Drive,Brooklyn Center,MN 55429 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 Property Full Display,Single Family Residential,MLS#: 3958139 Type: For Sale 4512 66th Avenue N , Brooklyn Center, MN 55429 Status: Sold List Price: $139,000 Sold Price: $140,000 Original List Price: $147,500 Seller Cont: $6,000 Image 1 of 8 Slicleshow •Qpen All tD! _ u 130 t5 Q x 7a a 68th Ave N 6&h Ave N !!; _ a _ 4512 66th Aver Hon¢Ln -- 66th qi oklyn 66th Ave N 152 Py Bro Center a 65th Ave N 3 64th Ave N z a a Vt 2 02010 Microsof<Coq 42008 NAVXQ,and jvTele Atlas,Inc. Map Page: 78 Map Coord: A4 �2 WEBForn)s Directions: Add to Watched Items I94 exit Brooklyn Blvd-left,right on 65th Ave N right on Indiana Ave N,Left on Report_a_ roblem with this listing 66th to Home. Total Bed/Bath: 3/2 Garage: 2 Year Built: 1959 (Click icon for Virtual Earth Map) MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3411921230013 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,090 Tax Amt: $2,046 AbvGrdFinSgFt: 1,090 Assess Bal: $ BelGrdFinSgFt: 910 Tax w/assess: $2,046 Total Fin SgFt: 2,000 Assess Pend: Acres: 0.280 Homestead: Yes Lot Size: 75 X 161.92 List Date: 08/09/2010 Received By MLS:08/09/2010 Days On Market:49 CDOM History Off Market Date: 09/27/2010 Selling Agent: Artemisa Boston Date Closed: 11/15/2010 Selling Office: Wallin Residential Properties General Property Information Legal Description: Lot 003 Block 003 NORTHGATE County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Northgate Common Wall: No Lot Description: Tree Coverage-Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Agent and buyers please verify measurements.Home is being sold as-is.Well kept home, easy to show,Not a short-sale or foreclosure. Public Remarks: Wonderful yard-screen porch,shows well.Traditional sale-can close quickly. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 22x11 Family Room Lower 21x11 Fuel: Natural Gas Dining Rm Main 12x8 Amusement Room Lower 18x11 Air Cond: Central Family Rm Screened Porch Main 13x9 Water: City Water/Connected Kitchen Main 13x8 Sewer: City Sewer/Connected Bedroom 1 Main 12x11 Bathrooms Garage: 2 Bedroom 2 Main 12x9 Total: 2 3/4: 1 1/4: 0 Oth Pi Bedroom 3 Main 11x9 Full: 1 1/2: 0 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Dining Room Desc: Kitchen/Dining Room The following MLS documentation was Family Room Char: Lower Level printed, discussed and submitted to the Fireplaces: 1 Fireplace Characteristics: Family Room Appliances: Range,Microwave,Refrigerator,Washer,Dryer Local Board of Appeal and Equalization Basement: Full,Finished(Livable) Exterior: Other by Brett Hildreth as part of the public Roof: Asphalt Shingles record for his appeal. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 I E__ _ E Northstar MLS Matrix Page 3 of 5 Amenities-Unit: Patio,Kitchen Window Parking Char: Detached Garage,Driveway-Asphalt,Garage Door Opener Special Search: 3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 0 Variable Rate: Y List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA The following MLS documentation was Sale Loan Amount: $ Seller Contribution: $6,000 printed, discussed and submitted to the Sellers Terms: FHA,OVA,Conventional,cash Local Board of Appeal and Equalization In Foreclosure?: No by Brett Hildreth as part of the public Lender Owned?: No Potential Short Sale?: No record for his appeal. Owner is an Agent?: No Contact Information Listing Agent: Julie L.Gould 612-719-6833 Listing Office: RE/MAX Advantage Plus Office Phone: 952-898-5800 MLS#: 3958139 Address:4512 66th Avenue N,Brooklyn Center,MN 55429 http://matrix.northstarmIs.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 Property Full Display,Single Family Residential, MLS#: 3959989 Type: For Sale 5224 Winchester Lane, Brooklyn Center, MN 55429 Status: Sold List Price: $138,900 Sold Price: $130,000 Original List Price: $138,900 Seller Cont: $ Image 1 of 30 Slideshow Open All 69th Ave N 130 btncj r 68th Ave N h 2Sh dtc N .�, 5224 Winchesti z, Brooklyn ` 2 a Center nMrr...,•i Brooklyn Park z Paul Dr A b Eleanor Ln $ z 63rd Ave N (� • r a Balder Ln ®2010 MicASOR Ceq 020081 1FQ,ml/erTele Ol Inc. Map Page: 77 Map Coord: E4 WEBForms Directions: All Add to Watched Items 63rd Ave(head East from hwy81)to Unity Report_a problem with this listing N to Winchester Ln E to home W(Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 1958 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3311921130019 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 958 Tax Amt: $1,077 AbvGrdFinSgFt: 958 Assess Bal: $ BelGrdFinSgFt: 700 Tax w/assess: $1,077 Total Fin SgFt: 1,658 Assess Pend: Acres: 0.210 Homestead: Yes Lot Size: 80 X 118 List Date: 08/13/2010 Received By MLS:08/13/2010 Days On Market: 19 CDOM History Off Market Date: 09/01/2010 Selling Agent: Judy A. DeGreeff Date Closed: 10/01/2010 Selling Office: Keller Williams Realty Integrity Northwe: General Property Information Legal Description: Lot 021 Block 003 DONNAYS BROOK LYN GARDENS 3RD ADDN County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: DONNAYS BROOK LYN GARDENS 3RD Common Wall: No Lot Description: City Bus(w/in 6 bilks) Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Totally Remodeled Home.Vacant-easy to show. Public Remarks: Wow,professionally REMODELED MODERN Rambler with new SS appliances,hardwood floors,Granite counter tops and NEWLY finished basement.Lots of ceramic the in kitchen/bathrms,fancy arches and more.Newer siding and roof,NEW A/C.Great location-close Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 13x21 Office Basement 8x11 Fuel: Natural Gas Dining Rm Main 12x8 Utility Room Basement Air Cond: Central Family Rm Basement 13x16 Water: City Water/Connected Kitchen Main 16x7 Bathrooms Sewer: City Sewer/Connected Bedroom 1 Main 9x11 Total: 2 3/4: 1 1/4: 0 Garage: 2 Bedroom 2 Main 11x14 Full: 1 1/2: 0 Oth Prkg: Bedroom 3 Basement 11x11 Pool: Bedroom 4 The following MLS documentation was Bath Description: Main Floor Full Bath,3/4 Basement printed, discussed and submitted to the Dining Room Desc: Separate/Formal Dining Room p Family Room Char: Lower Level Local Board of Appeal and Equalization Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Microwave,Dishwasher,Refrigerator by Brett Hildreth as part of the public Basement: Full record for his appeal. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Exterior: Metal/Vinyl Fencing: Chain Link Roof: Asphalt Shingles Amenities-Unit: Kitchen Window,Hardwood Floors Parking Char: Detached Garage Special Search: Main Floor Bedroom,All Living Facilities on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 2.70001 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: ;125,450 Seller Contribution: $ The following MLS documentation was Financial Remarks: info deemed reliable but not guaranteed.Buyer's agent to verify. printed, discussed and submitted to the Sellers Terms: FHA,OVA,Conventional,Special Funding,Cash Existing Financing: Conventional Local Board of Appeal and Equalization In Foreclosure?: No by Brett Hildreth as part of the public Lender Owned?: No Potential Short Sale?: No record for his appeal. Owner is an Agent?: Yes Contact Information Listing Agent: Vitale Chernikh 763-227-8237 Listing Office: REI Broker Office Phone: 763-227-8237 MLS#: 3959989 Address: 5224 Winchester Lane,Brooklyn Center,MN 55429 http://matrix.northstannls.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3918991 Type: For Sale by Brett Hildreth as part of the public 3800 66th Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $135,000 Sold Price: $135,000 original List Price: $135,000 Seller Cont: $5,000 Image 1 of 10 Slideshow Open All Urban Ave N k7ifKJ" a 752 69th Ave N m 3800 66th Aver 66th Ave y W", Winchester Ln ero0kyn Center Bill 65th Ave N 65th Ave N bath Ave N j Pbes 63rd Ave N o 63rd Ave N ®2010 Microsoft Coq®2008 NIiahQ,onAJw7ele Ans.Inc. Map Page: 78 Map Coord: A4 Supplements are available for this property Directions: .1 WEBForms Brooklyn Blvd to 65th-east to Ewing- north to 66th-west to home. Add to Watched Items (Click icon for Virtual Earth Map) Report a Problem with this listing Total Bed/Bath: 3/2 Garage: 2 Year Built: 1953 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3411921240057 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,100 Tax Amt: $2,385 AbvGrdFinSgFt: 1,110 Assess Bal: $ Be1GrdFinSgFt: 777 Tax w/assess: $2,385 Total Fin SgFt: 1,887 Assess Pend: Acres: 0.000 Homestead: Yes Lot Size: 128X91X158X84 List Date: 04/29/2010 Received By MLS:04/29/2030 Days On Market: 15 CDOM History Off Market Date: 05/14/2010 Selling Agent: Paul P.Vue Date Closed: 05/27/2010 Selling Office: Wang-Yu Realty,LLC General Property Information Legal Description: Lot 000 Block 005 BROOKLANE LOTS 2 AND 3 EXCEPT STATE HWY County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Light,City Bus(w/in 6 biks) Road Frontage: City,Cul De Sac Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Prop has an oil furnace that works well!Seller willing to escrow funds toward new furnace if buyer requests.Very clean 3+bdrm rmblr on cul de sac in fam oriented Whood. Big eat in kitch,deck,fin LL FR w/kitch set up.Coved ceilings,hrdwd firs. Public Remarks: Very clean 3+bdrm rmblr on cul de sac in family oriented Whood.Bright&sunny home, big eat in kitch,deck fin LL fam rm w/kitch set up. LL den can be 4th bdrm w/egress window.Coved ceilings&HW firs.Original owner.Not a short sale or foreclosure. Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 23x13 Den Lower 11x11 Fuel: Oil Dining Rm Air Cond: Central Family Rm Lower 40x13 Bathrooms Water: City Water/Connected Kitchen Main 14x14 Total: 2 3/4: 1 1/4: 0 Sewer: City Sewer/Connected Bedroom 1 Main 14x12 Full: 1 1/2: 0 Garage: 2 Bedroom 2 Main 12x11 Oth Prkg: Bedroom 3 Main 11x11 Pool: None Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Dining Room Desc: Eat In Kitchen,Living/Dining Room Family Room Char: Lower Level http://matrix.northstannls.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 I M 0 0- 1— Northstar MLS Matrix Page 3 of 5 Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer,Water Softener-Rented Basement: Full,Finished(Livable) Exterior: Shakes, Brick/Stone Roof: Asphalt Shingles,Age Over 8 Years Amenities-Unit: Deck,Natural Woodwork,Kitchen Window, Hardwood Floors Parking Char: Attached Garage,Driveway-Concrete Special Search: Main Floor Bedroom,3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7% Sub-Agent Comp: 2.7000% Facilitator Comp: 0 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA The following MLS documentation was Sale Loan Amount: ; Seller Contribution: ;5,000 p rinted, discussed and submitted to the Sellers Terms: FHA,OVA,Conventional Local Board of Appeal and Equalization In Foreclosure?: No by Brett Hildreth as part of the public Lender Owned?: No Potential Short Sale?: No record for his appeal. Owner is an Agent?: No Contact Information Listing Agent: Lisa O Hathy 612-250-1091 Listing Office: Edina Realty,Inc. Office Phone: 763-559-2894 MLS#: 3918991 Address: 3800 66th Avenue N,Brooklyn Center,MN 55429 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3921367 Type: For Sale by Brett Hildreth as part of the public 5300 Girard Avenue N , Brooklyn Center, MN 55430 record for his appeal. Status: Sold List Price: $135,000 Sold Price: $140,000 Original List Price: $135,000 Seller Cont: $4,200 Image 1 of 1 Open All b1�H � *1 �t 56th Ave N = 55th Ave N erookyn y P r Center 8 7y 54th Ave N < 5300 Girard Avt 53rd Ave N 57 N 53rd Ave `. a u 52nd Ave N a s a' N 52nd Aver a z Ave' Webber N 51st Park M L W D a s z a y 50th Ave N 7 02010 NiemsoRcoq®2008 NWIEQ,7MJsrTele iBU,lnc. Map Page: 92 Map Coord: C2 WEBForms Directions: Add to Watched Items 53rd Ave N at Girard Ave N Rep rt_a_pr_obl_em_with_this_listng (Click icon for Virtual Earth Map) o Total Bed/Bath: 4/2 Garage: 2 Year Built: 1972 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 0111821330016 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,029 Tax Amt: $2,387 AbvGrdFinSgFt: 1,029 Assess Bal: $ BelGrdFinSgFt: 550 Tax w/assess: $2,387 Total Fin SgFt: 1,579 Assess Pend: Acres: 0.230 Homestead: Yes Lot Size: 75 X 134.78 List Date: 04/30/2010 Received By MLS:05/04/2010 Days On Market:8 CDOM ilistury Off Market Date: 05/15/2010 Selling Agent: Timothy 3.Kloncz Date Closed: 06/30/2010 Selling Office: ZipRealty,Inc General Property Information Legal Description: Lot 016 Block 001 ELLSWORTH ADDN County: Hennepin Postal City: Brooklyn Center School District: 286-Brooklyn Center,763-561-2120 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: SOLD BEFORE PRINT Public Remarks: SOLD BEFORE PRINT Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Fuel: Natural Gas Dining Rm Bathrooms Air Cond: Central Family Rm Total: 2 3/4: 0 1/4: 1 Water: City Water/Connected Kitchen Full: 1 1/2: 0 Sewer: City Sewer/Connected Bedroom 1 Garage: 2 Bedroom 2 Oth Prkg: Bedroom 3 Pool: None Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Family Room Char: Lower Level Fireplaces: 0 Fireplace Characteristics: Basement: Full,Finished(Livable),Egress Windows Exterior: Metal/Vinyl Roof: Asphalt Shingles Amenities-Unit: Parking Char: Detached Garage Special Search: 3 BR on One Level http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 The following MLS documentation was Financial printed, discussed and submitted to the Cooperating Broker Compensation Buyer Broker Comp: 3.00% Sub-Agent Comp: 0% Facilitator Comp: 3% Local Board of Appeal and Equalization Variable Rate: Y List Type: Exclusive Right Sale Mortgage Information b y Brett Hildreth as part of the public Sale Financial Terms: FHA record for his a Sale Loan Amount: $138,139 appeal. Seller Contribution: $4,200 Sellers Terms: FHA,DVA,Conventional,Adj.Rate/Gr Payment,Cash Existing Financing: Free and Clear In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Paul Siourdson CRB CRS GRI E Pro 612-723-2502 Listing Office: Counselor Realty,Inc. Office Phone: 763-572-8000 MLS#: 3921367 Address: 5300 Girard Avenue N,Brooklyn Center,MN 55430 http://matrix.northstarmis.com/Matrix/Display.aspx'?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 0- Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential, MLS#: 3930438 Type: For Sale by Brett Hildreth as part of the public 5206 66th Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $129,900 Sold Price: $129,900 Original List Price: $129,900 Seller Cont: $5,600 Image 1 of 10 sideshcm Open All lilft r a 69th Ave N 130' 2 68th Ave N 206 6th Aver ' Brooklyn Center tr Brooklyn 65th Ave N o a Park Paul Dr 2 t k, it FL Eleanor Ln a d 63rd Ave N a ®2010 Microsoft coq 02008 NIBIE0.ane/wele arias,Inc. Map Page: 77 Map Coord: E4 WEBForms Directions: Add to Watched Items Zane Ave.(S.of 694)to 63rd,E to Unity Report a eroblem.with this listin Ave Ave,N to 66th,E to home - - 9 (Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 1959 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3311921130102 Const Status: Previously Owned Tax Year: 2009 Foundation Size: 958 Tax Amt: $2,239 AbvGrdFinSgFt: 958 Assess Bal: $ BelGrdFinSgFt: 610 Tax w/assess: $2,239 Total Fin SgFt: 1,568 Assess Pend: Unknown Acres: 0.220 Homestead: Yes Lot Size: 80x118 List Date: 05/26/2010 Received By MLS:05/27/2010 Days On Market: 62 CDOM History Off Market Date: 07/27/2010 Selling Agent: Jeremiah 3.Boulev Date Closed: 07/30/2010 Selling Office: RE/MAX Associates Plus,Inc General Property Information Legal Description: Lot 029 Block 002 Donnays Brooklyn Gardens 4th Addn County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Light Zoning: Residential-Single Accessibility: None Remarks ----- Agent Remarks: Not short/not foreclosure Public Rem s: Beautiful updates:New carpet,paint,appis,gar door,washer,refn hdwd.cert.furn.LL \� has 2 fam rooms 8:office.Fncd yard w/coed patio.Super nbad/loc.Shows greatH Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 20x13 Den Lower 20x14 Fuel: Natural Gas Dining Rm Office Lower 8x10 Air Cond: Central Family Rm Lower 22x12 - Water: City Water/Connected Kitchen Main 15x8 Bathrooms Sewer: City Sewer/Connected Bedroom 1 Main 13x11 Total: 2 3/4: 1 1/4: 0 Garage: 2 Bedroom 2 Main 11x9 Full: 1 1/2: 0 Oth Prkg: Bedroom 3 Main 11x9 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Dining Room Desc: Eat In Kitchen Family Room Char: Lower Level,2 or More Fireplaces: 0 Fireplace Characteristics: Appliances: Cooktop,Wall Oven,Refrigerator,Washer,Dryer Basement: Full,Finished(Livable) Exterior: Wood Roof: Asphalt Shingles Amenities-Unit: Patio,Kitchen Window,Hardwood Floors,Washer/Dryer Hookup http://matrix.northstannls.corn/Matrix/Display.aspx?c=AAEAAAD AQAAAAAAA... 4/18/2011 1 0 0 M Northstar MLS Matrix Page 3 of 5 The following MLS documentation was Parking Char: Detached Garage,Garage Door Opener printed, discussed and submitted to the Special Search: Main Floor Bedroom,3 BR on One Level,All Living Facilities on One Level Local Board of Appeal and Equalization Financial by Brett Hildreth as part of the public Cooperating Broker Compensation record for his appeal. Buyer Broker Comp: 2.7000% Sub-Agent Comp: 2.7000% Facilitator Comp: 2.7000' Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $ Seller Contribution: $5,600 Sellers Terms: FHA,OVA,Conventional,Cash Existing Financing: Free and Clear In Foreclosure?: Not Disclosed Lender Owned?: Not Disclosed Potential Short Sale?: Not Disclosed Owner is an Agent?: No Contact Information Listing Agent: Jodi L. Detmar 612-889-3913 Listing Office: Edina Realty, Inc. Office Phone: 763-420-2424 MLS#: 3930438 Address: 5206 66th Avenue N,Brooklyn Center,MN 55429 http://matrix.northstannls.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 0- Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential,MLS#: 3919552 Type: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public 5925 Ewing Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $127,500 Sold Price: $127,500 Original List Price: $129,90u Seller Cont: $4,463 Image 1 of 9 slideshow •Open All (n m 62nd Ave N s+ 62M Ak,N X - filet(n 2 m ■ : 61st Attu N a 61st Ave N g s N 5925 Ewing Av( w 152 Brooklyn Center 59th Ave N 58th Ave N lo le 10 c o ¢, 02010 Mimsolt Coq®2008 NAVTQ,me/erTele Atlu,lnc. Map Page: 92 Map Coord: Al 7 WEBForrns Directions: Add to Watched Items Brooklyn Blvd to Bass Lake Rd.to Ewing !yy(Click icon for Virtual Earth Map) Report,a_�oblem with this listing Total Bed/Bath: 3/2 Garage: 2 Year Built: 1956 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 0311821120060 Const Status: Previously Owned Tax Year: 2009 Foundation Size: 1,020 Tax Amt: $2,306 AbvGrdFinSgFt: 1,000 Assess Bal: $29 BeIGrdFinSgFt: 484 Tax w/assess: $2,535 Total Fin SgFt: 1,484 Assess Pend: Unknown Acres: 0.240 Homestead: No Lot Size: 75 X 138.2 List Date: 04/30/2010 Received By MLS:04/30/2010 Days On Market: 52 CDOM History Off Market Date: 06/21/2010 Selling Agent: Neil Thao Date Closed: 06/30/2010 Selling Office: Marketlink Realty,Inc General Property Information Legal Description: Lot 023 Block 004 PEARSONS NORTHPORT 3RD ADDN County: Hennepin Postal City: Brooklyn Center School District: 281-Robbinsdale,763-504-8000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Zoning: Residential-Single Accessibility: None Remarks ........ Agent Remarks: Not a foreclosure or short sale.All measurements/Info to be verified by buyer and buyer's agent. ))) Public Rem s: :ad ect single family home w/hrdwd firs,custom kitchen w/SS appliances,new carpe paint.Super clean,big bay window in living room,finished basement,spaciogs.t location and opportunity,must see! Structure In forma On Room Level Dimen Otter Rooms Level Dimen Heat: Forced Air Living Rm Main 22 x 13 Fuel: Natural Gas Dining Rm Bathrooms Air Cond: None Family Rm Lower 22 x 12 Total: 2 3/4: 1 1/4: 0 Water: City Water/Connected Kitchen Main 20 x 8 Full: 1 1/2: 0 Sewer: City Sewer/Connected Bedroom 1 Main 13 x 12 Garage: 2 Bedroom 2 Main 12 x 10 Oth Prkg: Bedroom 3 Main 10 x 10 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Family Room Char: Main Level,Lower Level Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Cooktop,Microwave,Refrigerator Basement: Full,Finished(Livable) Exterior: Metal/Vinyl,Brick/Stone Roof: Asphalt Shingles Amenities-Unit: Natural Woodwork http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 The following MLS documentation was Parking Char: Detached Garage printed, discussed and submitted to the Financial Local Board of Appeal and Equalization Cooperating Broker Compensation by Brett Hildreth as part of the public Buyer Broker Comp: 2.7000% Sub-Agent Comp: 00/6 Facilitator Comp: 0% for his appeal. Variable Rate: N List Type: Exclusive Right record pp Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $125,805 Seller Contribution: $4,463 Sellers Terms: FHA,DVA,Conventional,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Michael L.Provence 651-983-6292 Listing Office: RE/MAX Results Office Phone: 651-698-8006 MLS#: 3919552 Address: 5925 Ewing Avenue N,Brooklyn Center,MN 55429 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 0- 0- Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential,MLS#: 3925407 Type: For Sale by Brett Hildreth as part of the public 7225 Indiana Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $127,500 Sold Price: $125,000 Original List Price: $145,000 Seller Cont: $4,500 Image 1 of 9 Slideshow Open All a a t :i. ; ,* ° Brookdale Park 74th Ave N Brooklyn Park 7225 Indiana A Wood ine Ln N '. W'Oftitetfj N n � T A,, 152 Z C n /y Al2 N v �cTy 9` a A = Brooklyn .9 a a tsz Center a Urban A-N &to So Niemset coq®2ooa Nivim mlJwTele aros.Inc. Map Page: 78 Map Coord: a3 WEBForrns Directions: t� Add to Watched Items 71st to indiana go north Report a problem with this_l5tn9 (Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 1960 MLS Area: 364-Brooklyn Park TAX INFORMATION Style: (SF)One Story Property ID: 2711921310103 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,011 Tax Amt: $1,957 AbvGrdFinSgFt: 1,011 Assess Bal: $ BelGrdFinSgFt: 300 Tax w/assess: $1,957 Total Fin SgFt: 1,311 Assess Pend: Acres: 0.230 Homestead: Yes Lot Size: E 82X329X72X328 List Date: 05/14/2010 Received By MLS:05/14/2010 Days On Market: 121 CDOM History Off Market Date: 09/12/2010 Selling Agent: Rick A Theisen Date Closed: 10/06/2010 Selling Office: Counselor Realty,Inc. General Property Information Legal Description: Lot 004 Block 003 NORTHBROOK MANOR 4TH ADDN County: Hennepin Postal City: Brooklyn Park School District: 286-Brooklyn Center,763-561-2120 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: NOT A S/S NOT A FORECLOSURE*MINT CONDITION*CLOSE ANYTIME*PROFESSIONAL RESTORATION OVER 40K INVESTED.ALL PERMITS PULLED AND SIGNED OFF*all offers and communications to MSreloservice @yahoo.com Public Remarks: BEAUTIFUL RAER JUST RESTORED*GRANITE COUNTERS,BRAND NEW OAK ZBINETS,BRAND NEW STAINLESS STEEL APPLIANCES,HARDWOOD FLOORS EVERYWHERE.NEW BATH,ALL NEW LIGHT FIXTURES.SUPERB,SPLENDED AND A DELIGHT TO SHOW! Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 15x12 Fuel: Natural Gas Dining Rm Bathrooms Air Cond: Central Family Rm Lower Total: 2 3/4: 0 1/4: 1 Water: City Water/Connected Kitchen Main 16x11 Full: 1 1/2: 0 Sewer: City Sewer/Connected Bedroom 1 Main 12x11 Garage: 2 Bedroom 2 Main 13x11 Garage Stall#: 2 Bedroom 3 Main 11x11 Oth Prkg: Bedroom 4 Pool: Fireplaces: 0 Fireplace Characteristics: Basement: Full Exterior: Wood Amenities-Unit: Parking Char: Detached Garage http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Financial The following MLS documentation was Cooperating Broker Compensation printed discussed and submitted to the Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 0% Variable Rate: N List Type: Exclusive Right Local Board of Appeal and Equalization Sale Mortgage Information Sale Financial Terms: Conventional by Brett Hildreth as part of the public Sale Loan Amount: $112,488 record for his appeal. Seller Contribution: $4,500 pp In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: AlmostFreeRealty.net 651-528-7444 Listing Office: Almost Free Realty Office Phone: 612-559-8100 MLS#: 3925407 Address: 7225 Indiana Avenue N,Brooklyn Center,MN 55429 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 0 E 0 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display,Single Family Residential, MLS#: 3900439 Type: For Sale by Brett Hildreth as part of the public F 6320 Regent Avenue N, Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $119,849 Sold Price: $126,600 Original List Price: $119,850 Seller Cont: $4,000 Image 1 of 10 Siideshow Open All t7inT 33 d M Winchester Ln Winchester Ln c 65th Ave N JJ 'r vain Dr I'6320 Regent At K 3 64th Ave N Eleanor Ln Brooklyn Center x 63rd Ave N 63rd Ave N . 4, 29 2 5 S io Crystal Airport a ®20 to Microsoft Copp cwom NIvmQ,andjwele alias,Inc. g Map Page: 77 Map Coord: E4 Supplements are available for this proper; Directions: WEBForms HWY 81 SOUTH TO 63RD,EAST TO SCOTT, Add to Watched Items NORTH TO ELEANOR,EAST TO REGENT, HOME ON RIGHT Reaort a problem with this-listing Wjo(Click icon for Virtual Earth Map) Total Bed/Bath: 3/2 Garage: 2 Year Built: 1958 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 3311921410115 Const Status: Previously Owned Tax Year: 2009 Foundation Size: 1,008 Tax Amt: $2,256 AbvGrdFinSgFt: 1,008 Assess Bal: $ BelGrdFinSgFt: 800 Tax w/assess: $2,275 Total Fin SgFt: 1,808 Assess Pend: Acres: 0.230 Homestead: Yes Lot Size: W307X155X70X312 List Date: 03/24/2010 Received By MLS:03/24/2010 Days On Market: 65 CUOM History Off Market Date: 05/26/2010 Selling Agent: Sadie W.Hawkins Date Closed: 05/27/2010 Selling Office: Counselor Realty,Inc. General Property Information Legal Description: Lot 021 Block 002 DONNAYS BROOK LYN GARDENS County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo, 763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Medium,City Bus(w/in 6 blks) Road Frontage: City Zoning: Residential-Single Accessibility: Counters,Switches/Outlets Remarks Agent Remarks: 3%Comp and PRICED TO SELL.Not a short sale or foreclosure.3rd bedroom is non conforming.Sold pending ins Pection and a PP ra�sal �`—- i Public Remarks: Imagine the pride you'll feel when you buy tbis perfect home at this a azing price. Maintance free and move in Nady:new roof,furnace,A/C,washer/d r,dishwasher and more.You'll be the envy of all your friegds!Sold pending insp n and appraisal. Structure Information - - Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 13x22 Den Lower 10x10 Fuel: Natural Gas Dining Rm Main 10x11 Air Cond: Central Family Rm Lower 22x11 Bathrooms Water: City Water/Connected Kitchen Main 15x10 Total: 2 3/4: 1 1/4: 0 Sewer: City Sewer/Connected Bedroom 1 Main 13x11 Full: 1 1/2: 0 Garage: 2 Bedroom 2 Main 11x11 Oth Prkg: Bedroom 3 Pool: Bedroom 4 Bath Description: Main Floor Full Bath,3/4 Basement Dining Room Desc: Separate/Formal Dining Room,Eat In Kitchen Family Room Char: Main Level,Lower Level Fireplaces: 1 Fireplace Characteristics: Family Room http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 Appliances: Range,Cooktop,Microwave,Dishwasher,Refrigerator,Washer,Dryer,Water Softener-Owned,Disposal Basement: Full,Finished(Livable) Exterior: Metal/Vinyl Fencing: Chain Link Roof: Asphalt Shingles,Age 8 Years or Less Amenities-Unit: Patio,Kitchen Window,Ceiling Fan(s),Hardwood Floors,In-Ground Sprinkler Parking Char: Detached Garage,Driveway-Asphalt Special Search: Main Floor Bedroom Financial Cooperating Broker Compensation Buyer Broker Comp: 3.0000% Sub-Agent Camp: 3.0000% Facilitator Comp: 3.00001 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: DVA The following MLS documentation was Sale Loan Amount: $130,777 Seller Contribution: $4,000 printed, discussed and submitted to the Sellers Terms: FHA,OVA,Conventional,Cash Local Board of Appeal and Equalization Existing Financing: Conventional by Brett Hildreth as part of the public In Foreclosure?: No Lender Owned?: No record for his appeal. Potential Short Sale?: No Owner is an Agent?: Yes Contact Information Listing Agent: Jodi L.Miller 763-213-5258 Listing Office: MarketLink Realty Inc Office Phone: 651-894-1808 MLS#: 3900439 Address: 6320 Regent Avenue N,Brooklyn Center, MN 55429 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential, MLS#: 3958703 Type: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public 5428 Camden Avenue N , Brooklyn Center, MN 55430-3245 record for his appeal. Status: Sold List Price: $117,900 Sold Price: $117,900 Original List Price: $117,900 Seller Cont: $5,473 Image 1 of 10 Slideshuw open All ur)T 57th Ave N 3 � 7 56th Ave N li� Fridley T Brooklyn 5428 Camden E ^ 55th Ave N Center 52 54th Ave N t q t o BeNwe Ln � xg t o � � a � Missfss�ppi Z S n 02010 MioroSOR Coq CMS NAVTEQ.iMiorTele Atlu,lAc. Map Page: 92 Map Coord: C2 Supplements are available for this property, Directions: Virtual Tour Interstate 94 to 53rd Avenue,West to Camden Avenue North to Home WEBForms (Click icon for Virtual Earth Map) 1 Add to Watched Items X Report a problem with this listing Total Bed/Bath: 3/2 Garage: 2 Year Built: 1925 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 0111821430086 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 956 Tax Amt: $2,352 AbvGrdFinSgFt: 956 Assess Bal: $ BeIGrdFinSgFt: 324 Tax w/assess: $2,352 Total Fin SgFt: 1,280 Assess Pend: No Acres: 0.250 Homestead: No Lot Size: 66x166.75 List Date: 08/10/2010 Received By MLS:08/10/2010 Days On Market: 15 CnnM History Off Market Date: 08/25/2010 Selling Agent: Joseph A Huseby Date Closed: 09/29/2010 Selling Office: Edina Realty,Inc. General Property Information Legal Description: Lot 017 Block 002 Bellvue Acres N 1/2 County: Hennepin Postal City: Brooklyn Center School District: 286-Brooklyn Center,763-561-2120 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Road Frontage: City,Paved Streets,Curbs,Sidewalks Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: THIS HOME IS VERY EASY TO SHOW Public Remar(cs: REMODEL!ALL NEW KITCHEN,BATHS,FRESH PAINT,REFINISED HARDWOOD FLOORS \\ MOVE IN READY. ............ Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 11x17 Fuel: Natural Gas Dining Rm Bathrooms Air Cond: Central Family Rm Total: 2 3/4: 1 1/4: 0 Water: City Water/Connected Kitchen Main 9x13 Full: 1 1/2: 0 Sewer: City Sewer/Connected Bedroom 1 Main 9x12 Garage: 2 Bedroom 2 Main 9x11 Oth Prkg: Bedroom 3 Lower 11x10 Pool: None Bedroom 4 Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer,Disposal Basement: Full Exterior: Metal/Vinyl Roof: Pitched Amenities-Unit: http://matrix.northstarnls.con/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 3 of 5 The following MLS documentation was Parking Char: Detached Garage printed, discussed and submitted tot the Financial Local Board of Appeal and Equalization Cooperating Broker Compensation by Brett Hildreth as part of the public Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 0 Variable Rate: Y List Type: Exclusive Right record for his appeal. Sale Mortgage Information Sale Financial Terms: DVA Sale Loan Amount: $ Seller Contribution: $5,473 Sellers Terms: FHA,Conventional,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: Yes Contact Information Listing Agent: Steven D.Sohre 952-844-1528 Co-List Agt: Mark A. Ramsey 952-844-1558 Listing Office: The Realty House Office Phone: 952-831-3201 MLS#: 3958703 Address: 5428 Camden Avenue N,Brooklyn Center,MN 55430 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 IN Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential, MLS#: 3968607 Type: For Sale Local Board of Appeal and Equalization F 7106 by Brett Hildreth as part of the public Quail Avenue N , Brooklyn Center, MN 55429 record for his appeal. Status: Sold List Price: $114,900 Sold Price: $114,900 Original List Price: $119,900 Seller Cont: $6,894 Image 1 of 1 Open III bll�" 152 Brooklyn Park WoAine Ln N r� 152 z 7106 Quail Ave Brooklyn 152 Center IPA 69th Ave N 13o, 69th Ave N �,. 68th Ave N Aug N 02010 Minosoft Coq®2008 Nw1EQ,7n4isrTele Ans,lnc. Map Page: 77 Map Coord: E3 a� WEBForms Directions: Add to Watched Items 694 to Brooklyn Blvd,No to 69th,West to Quail,No to home on RT Report_a_problem with this listing (Click icon for Virtual Earth Map) Total Bed/Bath: 4/2 Garage: 2 Year Built: 1957 MLS Area: 363-Brooklyn Center TAX INFORMATION Style: (SF)One Story Property ID: 2811921440034 Const Status: Previously Owned Tax Year: 2010 Foundation Size: 1,060 Tax Amt: $1,985 AbvGrdFinSgFt: 1,104 Assess Bal: $ BelGrdFinSgFt: 110 Tax w/assess: $1,985 Total Fin SgFt: 1,214 Assess Pend: Acres: 0.230 Homestead: Yes Lot Size: 75 X 132.5 List Date: 09/08/2010 Received By MLS:09/08/2010 Days On Market: 22 CDOM History Off Market Date: 09/30/2010 Selling Agent: Colleen M.7acoues Date Closed: 10/20/2010 Selling Office: RE/MAX Advantage Plus General Property Information Legal Description: Lot 020 Block 001 MILLERS WILLOW LANE 1ST ADDN County: Hennepin Postal City: Brooklyn Center School District: 279-Osseo,763-391-7000 Mfg Home w/HUD#: No Complex/Dev/Sub: Millers Willow Lane first add. Common Wall: No Lot Description: Tree Coverage-Medium,City Bus(w/in 6 bilks) Road Frontage: City,Paved Streets,No Outlet/Dead End,Curbs Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: This Home shines.Freshly Painted.New AC,Newer windows&siding,Three Bdrms on same level,Basement is sheetrocked&ready to be finished.Larger3-tar Garage w 220V, all appliances included.. Public Remarks: This Home is terrific for the price!Newer roof,newer windows and siding,new AC,Lower level. sheetrocked...ready for your finishing touches.Located on dead-end street. Rea to move in.Large Garage. Structure Information ---J Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 18x11 Garage Main 22x22 Fuel: Natural Gas Dining Rm Main 9x9 Air Cond: Central Family Rm Bathrooms Water: City Water/Connected Kitchen Main 14x9 Total: 2 3/4: 0 1/4: 1 Sewer: City Sewer/Connected Bedroom 1 Main 12x11 Full: 1 1/2: 0 Garage: 2 Bedroom 2 Main 13x9 Oth Prkg: 6 Bedroom 3 Main 10x9 Pool: Bedroom 4 Lower 10x10 Bath Description: Main Floor Full Bath,Basement Dining Room Desc: Informal Dining Room Fireplaces: 0 Fireplace Characteristics: Appliances: Range,Microwave,Exhaust Fan/Hood,Dishwasher,Refrigerator,Washer,Dryer, Water Softener-Rented http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix The following MLS documentation was .ge 3 of 5 printed, discussed and submitted to the Local Board of Appeal and Equalization Basement: Full by Brett Hildreth as part of the public Exterior: Metal/Vinyl Fencing: Privacy,Partial record for his appeal. Roof: Asphalt Shingles, Pitched,Age 8 Years or Less Amenities-Unit: Natural Woodwork,Kitchen Window,Ceiling Fan(s),Hardwood Floors,Tiled Floors, Washer/Dryer Hookup Parking Char: Detached Garage, Driveway-Concrete,Driveway-Asphalt,Garage Door Opener Special Search: 3 BR on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.5000% Sub-Agent Comp: 0% Facilitator Comp: 0 Variable Rate: Y List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: FHA Sale Loan Amount: $111,350 Seller Contribution: $6,894 Financial Remarks: New Financing needed. Sellers Terms: FHA,DVA,Conventional,Cash Existing Financing: Special Funding In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Gerald James Piche 612-719-1199 Listing Office: Certified Homeland Realty Office Phone: 763-757-2180 MLS#: 3968607 Address: 7106 Quail Avenue N,Brooklyn Center, MN 55429 http://matrix.northstarrnls.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 1 of 2 The following MLS documentation was discussed and submitted to the printed, � Local Board of Appeal and Equalization by Brett Hildreth as part of the public +, 2+' record for his appeal. Display Single Line at 100 per page View as 4! r Em-led List= Change Type S Area Municipality Price DOM Styl Bids Bth TFSF FSZ Built 1 F 03/26/2011 3935606 Closed-$2721 ,. S 5601 Indiana Avenue N 363 Brooklyn Center $272,000 208 ONES 4 3 2,958 1,648 1963 2 r Never 3916821 Closed->$148K .S ® 3701 54th Avenue N 363 Brooklyn Cent r $148,000 305 ONEST 3 3 2,130 1,650 1955 3 r Never 3933520 Closed->$159K S ® 2901 63rd Avenue N 363 Brooklyn Ce er $159,900 105 ONEST 4 2 2,556 1,706 1957 4 r Never 3944604 Closed->$159K S 111 6130 Bryant Avenue N 363 Brooklyn C niter $159,000 114 ONEHF 4 2 1,900 832 1952 5 Never 3987834 Closed->$130K S ®w 3223 49th Avenue N 363 Brooklyn enter $130,000 7 ONEST 4 2 1,648 824 1953 6 04/07/2011 4007375 Closed->$162K S W 6331 Scott Avenue N 363 Brooklyn enter $162,000 13 ONEST 4 2 1,668 1,278 1958 7 02/05/2011 3959.426 Closed->$159K S M 6224 Major Avenue N 363 Brookly Center $159,700 54 ONEST 4 2 2,147 1,222 1962 r. 8 Never 393V i4 Closed->$153K S W 3937 51st Avenue N 363 Brookly Center $153,000 81 SPEBI 3 2 1,821 960 1992 9 (- 04/07/2011 39_94809- Closed->$152K S M 5914 Fremont Avenue N 363 Brookl Center $152,000 67 ONEST 5 2 1,940 1,040 1965 10 (- Never 3966948 Closed->$145K S 6001 Colfax Avenue N 363 Brookl n Center $145,000 74 ONEST 3 2 1,450 950 1954 11 Never 3937710 Closed->$150K S ® 5112 70th Avenue N 363 Brook n Center $150,000 200 ONEST 4 2 1,948 1,000 1959 12 (- N� , 3948796 Closed->$136K S ®III 7124 France Avenue N 363 Broo yn Center $136,700 69 ONES 3 1 1,040 1,040 1957 13 r Never 3959347 Closed->$151K S 6924 Scott Avenue N 363 Broo yn Center $151,500 62 FOUR 6 2 2,208 1,104 1958 14 Ncv- 3964487 Closed->$149K S ®w 5201 Eleanor Lane 363 Broo lyn Center $149,000 33 ONE 5 3 2,148 1,248 1958 15 I- 04/07/2011 3995666 Closed->$149K S ® 5341 Brooklyn Boulevard 363 Broo lyn Center $149,900 48 ON 3 3 2,334 1,556 1949 16 F N-e 3929574 Closed->$147K S ® '3224 62nd Avenue N 363 Broo lyn Center $147,000 138 O ST 3 2 1,664 984 1957 17 r 02/05/2011 3925361 Closed->$146K S ® %6236 Regent Avenue N 363 Broo yn Center $146,900 53 EST 5 2 1,728 1,000 1958 18 (- 3920052 Closed->$138K S 5441 Dupont Avenue N 301 Brook n Center $138,000 13 ONEHF 3 2 1,696 960 1950 r 19 (- .over 3974612 Closed->$143K S %901 73rd Avenue N 363 Brooks Center $143,000 9 ONEST 4 2 1,964 1,464 1969 20 F 04/07/2011 39.51.747 Closed->$132K S 5300 Oliver Avenue N 363 Brooklyn nter $132,0 244 ONEST 5 2 1,566 1,066 1961 21 r- 02/05/2011 3976300 Closed->$144K S r 5800 N Ewing Avenue N 363 Brooklyn Cen ,000 23 ONEHF 4 2 1,939 1,108 1951 22 r Never 3978207 Closed->$139K S I& 3701 Woodbine Lane N 363 Brooklyn Center $139,900 95 ONEST 4 2 1,700 1,000 1958 23 r Never 3982451 Closed->$129K S ®110 6221 Colfax Avenue N 363 Brooklyn Center $129,900 16 ONEST 4 2 1,634 960 1955 24 r 02/27/2011 4008550 Closed->$138K S r 6342 Girard Avenue N 363 Brooklyn Center $138,000 40 ONEST 4 2 1,860 1,040 1957 25 F Never 4002134 Closed->$135K S 10 5830 Admiral Lane N 363 Brooklyn Center $135,000 58 ONEST 4 2 2,140 1,040 1955 26 Never 3958139 Closed->$140K S LJ'111110 4512 66th Avenue N 363 Brooklyn Center $140,000 49 ONEST 3 2 2,000 1,090 1959 27 Never 3959989 Closed->$130K S ®W 5224 Winchester Lane 363 Brooklyn Center $130,000 19 ONEST 3 2 1,658 958 1958 28 F 04/07/2011 4014116 Closed->$135K S ®%0 3606 Commodore Drive 363 Brooklyn Center $135,000 16 ONEST 3 2 2,067 1,300 1955 29 �� Never 4012648 Closed->$130K S ®M 5937 Vincent Avenue N 363 Brooklyn Center $130,500 34 ONEST 2 2 1,880 976 1955 30 (- Never 3976529 Closed->$131K S ®40 4206 65th Avenue N 363 Brooklyn Center $131,000 66 ONEST 3 2 1,985 1,100 1959 31 (- Never 3991932 Closed->$130K S ®w *6 6043 June Avenue N 363 Brooklyn Center $130,000 52 ONEST 3 1 1,295 1,295 1961 32 r 04/15/2011 4008067 Closed->$130K S 3r 10 4928 Zenith Avenue N 363 Brooklyn Center $130,000 36 ONEHF 5 3 2,324 1,224 1952 33 Never 3933459 Closed->$131K S .fir WO '46306 Indiana Avenue N 363 Brooklyn Center $131,800 110 ONEST 3 2 2,020 1,120 1958 34 Never 3971208 Closed->$129K S W 3301 Thurber Road 363 Brooklyn Center $129,900 26 SPEBI 4 2 2,107 1,107 1962 35 F Never 4000155 Closed->$125K S ®W 5025 Drew Avenue N 363 Brooklyn Center $125,000 62 ONEHF 3 1 1,528 888 1955 36 r Never 3968626 Closed->$123K S W 5913 Admiral Lane N 363 Brooklyn Center $123,000 35 ONEST 5 2 2,080 1,040 1955 37 F Never 3925407 Closed->$125K S F�w 7225 Indiana Avenue N 364 Brooklyn Center $125,000 121 ONEST 3 2 1,311 1,011 1960 38 F Never 3931526 Closed->$117K S [-A 110 %3712 Urban Avenue N 363 Brooklyn Center $117,000 122 ONEST 3 1 1,560 960 1958 39 Never 3914590 Closed->$127K S !r-�10%6012 Dupont Avenue N 363 Brooklyn Center $127,000 166 ONEST 3 2 1,746 970 1954 40 Never 3957800 Closed->$117K S lJ%0 5213 Ewing Avenue N 363 Brooklyn Center $117,000 206 ONEST 4 2 1,852 926 1956 41 (- Never 3973970 Closed->$122K S r/ 2336 Brookview Orive 363 Brooklyn Center $122,600 12 ONEST 3 2 1,690 1,040 1956 42 F 04/07/2011 3993976 Closed->$119K S 1-4�W %6700 Drew Avenue N 363 Brooklyn Center $119,190 99 ONEST 3 2 1,620 1,080 1957 43 r Never 3887318 Closed->$119K S 40 %7019 Quail Avenue N 363 Brooklyn Center $119,900 179 ONEST 2 2 1,640 1,040 1957 44 I^ 02/05/2011 3990850 Closed->$119K S W 4019 62nd Avenue N 363 Brooklyn Center $119,000 13 ONEST 4 2 1,831 1,081 1960 45 Never 4012704 Closed->$117K S ®W %6227 Colfax Avenue N 363 Brooklyn Center $117,500 33 ONEST 3 2 1,462 980 1955 46 Never 4010054 Closed->$IOSK S ®W 5425 Colfax Avenue N 363 Brooklyn Center $105,000 9 ONEHF 3 1 1,898 906 1951 47 Never 395250.7 Closed->$119K S w 5631 Aldrich Avenue N 363 Brooklyn Center $119,900 41 ONEST 3 1 1,516 1,032 1954 48 Never 4006387 Closed-1$120K S ®W 631 58th Avenue N 363 Brooklyn Center $120,750 8 ONEHF 4 2 1,499 916 1947 49 04/09/2011 4003041 Closed->$112K 5 LW j W 6342 Perry Avenue N 363 Brooklyn Center $112,000 35 ONEST 3 2 1,916 958 1959 50 ! Never 3968607 Closed->$114K S [; W 7106 Quail Avenue N 363 Brooklyn Center $114,900 22 ONEST 4 2 1,214 1,060 1957 51 Never 3987882 Closed->$109K S W 1612 72nd Avenue N 363 Brooklyn Center $109,500 13 FOURM 3 2 1,982 1,144 1967 52 f Never 3934606 Closed->$109K S W 6931 Quail Avenue N 363 Brooklyn Center $109,900 105 ONEST 2 2 1,787 1,312 1957 53 (- Never 3962257 Closed->$110K S w 2201 54th Avenue N 363 Brooklyn Center $110,000 28 ONEST 3 1 1,901 1,056 1955 54 r Never 3982452 Closed->$114K S ®01110 6215 Colfax Avenue N 363 Brooklyn Center $114,400 56 ONEST 2 1 1,294 960 1955 55 r- Never 4011.740 Closed->$108K S LJ IN 7018 Drew Avenue N 363 Brooklyn Center $108,900 37 ONEST 3 2 1,785 960 1958 56 Never 3967733 Closed->$107K S E-]r 6612 Unity Avenue N 363 Brooklyn Center $107,000 56 ONEST 4 2 1,948 1,248 1959 57 Never 3990258 Closed->$102K S DJ 40 5624 Humboldt Avenue N 363 Brooklyn Center $102,000 2 ONEST 3 2 1,810 1,280 1957 http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 2 58 39517,/ Closed->$100K S '_.��V 5442 Colfax Avenue N 363 Brooklyn Center $100,000 47 ONEST 3 1 1,503 974 1953 59 3%8733 Closed->$105K S p 3213 Mumford Road 363 Brooklyn Center $105,000 81 ONEST 3 2 1,507 1,056 1958 The following MLS documentation was printed, discussed and submitted to the Status is'Sold' Local Board of Appeal and Equalization Municipality is'BC-Brooklyn Center' Style-n thislist(clicktoview) by Brett Hildreth as part of the public Sold Price is 100000+ Closed Date is 10/1/2010+ record for his appeal. For Sale or For Rent is'For Sale' Ordered by List Price descending,Status,Area Found 59 results in 0.13 seconds. http://matrix.northstarmis.com/Matrix/Display.aspx?c=AAEAAAD*****AQAAAAAAA... 4/18/2011 Northstar MLS Matrix Page 2 of 5 The following MLS documentation was printed, discussed and submitted to the Property Full Display,Single Family Residential, MLS#: 3962492 !vpe: For Sale Local Board of Appeal and Equalization by Brett Hildreth as part of the public 816 69th Avenue N , Brooklyn Center, MN 55430 record for his appeal. Status: Cancelled List Price: $175,000 Original List Price: $215,000 Image 1 of 30 " bites Woodbine Ln 3 m 2 = 72nd 0g s � >♦ �816 69th Avenr a ' 252 r 69th Ave N Brooklyn Center io c> Y� x 67th Ave N at rL �h • M K • &2010 Microsoft Cory 82008 Nili and/oriele Atlas,Inc. Map Page: 78 Map Coord: C4 Table for this propert Directions. 1^JE3Forins 694 to 252 N.West on 70th Ave.Left on 69th Ave to home. W(Click icon for Virtual Earth Map) Total Bed/Bath: 5/2 Garage: 2 Year Built: 1950 MLS Area: 363-Brooklyn Center TAX INFORMATION Secondary Area: 301-MPLS-Camden Property ID: Style: (SF)Two Stories Tax Year: 2010 Const Status: Previously Owned Tax Amt: $2,812 Foundation Size: 924 Assess Bal: $ AbvGrdFinSgFt: 2,245 Tax w/assess: $2,812 Total Fin SgFt: 2,245 Assess Pend: Acres: 0.550 Homestead: Yes Lot Size: 77 X 306 List Date: 08/20/2010 Received By MLS:08/20/2010 Days On Market: 96 Off Market Date: 12/23/2010 General Property Information Legal Description: Lot 051 Block 000 AUDITOR'S SUED. NO.309 S 1/2 OF THAT PART OF E 1/2 OF LOT 51 LYING S OF N 660 FT THOF County: Hennepin Postal City: Brooklyn Center School District: 11-Anoka-Hennepin, 763-506-1000 Mfg Home w/HUD#: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage-Medium Road Frontage: City, Paved Streets Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Beautiful home&super convenient location-compare to homes in Edina,S.Mpls,Victory Memorial Parkway,Uptown, NE Arts neighborhood. Really worth seeing for amazing value.Family loved for 40 years. Public Remarks: Wow!It has it all!Updated,modern amenities,custom-build&old world charm.Main floor fr, mbr&formal dr.All 5 good-sized brs above grade!Beautiful 1/2 acre yard,acr street from elem.school-Anoka/Henn&parks.8 min.commute to dtwn.Mpls.Wow! Structure Information Room Level Dimen Other Rooms Level Dimen Heat: Forced Air Living Rm Main 19x13 Fifth(5th)Bedroom Upper 11x9 Fuel: Natural Gas Dining Rm Main 14x13 Air Cond: Central Family Rm Main 21x13 Bathrooms Water: City Water/Connected Kitchen Main 14x11 Total: 2 3/4: 0 1/4: 0 Sewer: City Sewer/Connected Bedroom 1 Main 17x11 Full: 2 1/2: 0 Garage: 2 Bedroom 2 Upper 13x11 Oth Prkg: Bedroom 3 Upper 12x10 Pool: Bedroom 4 Upper 14x10 Bath Description: Main Floor Full Bath,Upper Level Bath, Full Basement Dining Room Desc: Separate/Formal Dining Room,Eat In Kitchen, Breakfast Area Family Room Char: Main Level,2 Story/High/Vaulted Ceilings,Great Room Fireplaces: 1 Fireplace Characteristics: Family Room,Gas Burning http://matrix.northstarmis.com/Matrix/display.aspx?c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 Northstar MLS Matrix Page 3 of 5 Appliances: Range, Microwave,Exhaust Fan/Hood, Dishwasher,Refrigerator,Washer, Dryer, Water Softener-Owned Basement: Full Exterior: Stucco Roof: Asphalt Shingles, Pitched Amenities-Unit: Deck,Patio, Kitchen Window,Vaulted Ceiling(s), Hardwood Floors,Tiled Floors, Security System Parking Char: Detached Garage, Driveway-Asphalt,Garage Door Opener Special Search: Main Floor Bedroom,4 BR on One Level,All Living Facilities on One Level Financial Cooperating Broker Compensation Buyer Broker Comp: 2.7000% Sub-Agent Comp: 0% Facilitator Comp: 0 Variable Rate: N List Type: Exclusive Right Sellers Terms: FHA,DVA,Conventional,Adj.Rate/Gr Payment,Cash In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Brett Hildreth 763-227-8614 Listing Office: Coldwell Banker Buy iet Office Phone: 763-574-2000 MLS#: 3962492 Address: 816 69th Avenue N,Brooklyn Center,MN 55430 http://matrix.northstarmis.com/Matrix/display.aspx?c=AAEAAAD*****AQAAAAAAAA... 4/4/2011 r;. The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. Nortlhstar MLS Nlatrix 1 of 3 Checked o The following MLS documentation was 11� printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display, Lots& Land, MLS 3842462 by Brett Hildreth as part of the public 3440 Halifax Ave N, Robbinsdale, MN 55422 record for his appeal. Status: Sold List Price: $25,000 Urrginal List Price: $25,000 Seller C ont s Image 1 of 3 A r - Robbinsdale 81 3440 Halifax Av Y crystal : 43 x f a A:w i1 � Golden Valley airy Aye N REP- _. n_q: siic.N tlE .am];erT?leatlts� s � M ip Page 92 Map Coord: A4 Direction,. 100 to 36th Ave N....East to Halifax...South to property. (Click iron for Virtual Earth Map) MLS Area 360- Robbinsdale TAX INFORMATION Front Dimensions: 40 Property It) lrJ° - bS� -z�- Left Dimensions: 128 Tax Year 2009 Right Dimensions: 128 Tax Anil $420 Rear Dimensions: 40 Assess Bal $ Acres' 0.000 Tax ol assess: $420 Min Lot Size: Assess Pend Homestead No Plat Rer onled: Y List Date: 10/01/2009 Received By MLS:10/01/2009 Days()n Market:17 Off Market Date: 10/18/2009 Selling Agent: - r Projected Close Date: 12/15/2009 Selling Office:? Date Closed: 12/15/2009 General Property Information Legal Description: Lot 026 Block 016 CRYSTAL LAKE HEIGHTS County: Hennepin School District: 281- Robbinsdale, 763-504-8000 Complex;Dev!Sub: Builder Restriction: Open Restrictions/Coots: Easements Land Inclusions: Easements, For Sale Sign Improvements: Curbs, Paved Streets,Sidewalks, Storm Sewer Zoning: Residential-Single Road Frontage: City Lot Description: Available Utilities: City Water,City Sewer On Site Utilities: City Water,City Sewer Association Fee: $ Association Fee Frequency: Assoc Fee Includes: Development Status: Finished Lot Farm Type: Tillable Acres: r r,pography: Level Soil Type: Pasture Acres "(It Buildings: Crop Type: Wooded Act A(lrir Water: Remarks Agent Remarks: No appointment necessary...please verify all information regarding lot Public Remarks: Build your dream home in this great Robbinsdale neighbood. Financial lhttp-//matrix.nortl)stantnls.com/%Iatrix/Display, aspx''c =.AAE.AAAD*****AQAAAAAAA... 4/18/2011 Northstar MILS \1atrix I'�1:=' Cooperating Broker Compensation Buyer Broker Comp: 2.7% Sub-Agent Comp: 0% Fac ihtator Comp: 0 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: Cash Sale Loan Amount: $ Seller Contribution: $ Sellers Terms: FHA, DVA,Conventional,Cash Existing Financing: Free and Clear In Foreclosure?: No Lender Owned?: No Potential Short Sale?: No Owner is an Agent?: No Contact Information Listing Agent: Listing Office: xa rs ,r� _Re y_,_L office Phone: 763-545-0300 MLS#: 3842462 Address: 3440 Halifax Ave N, Robbinsdale, MN 55422 The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization by Brett Hildreth as part of the public record for his appeal. http-//matrix.tiorthstarinIs.coin/\Iati-ix/DiSp]a\'.aspv''c .AAEA.AAD*****AQAAA.A.AAA_ -4 1S Northstar MLS Matrix The following MLS documentation was printed, discussed and submitted to the Local Board of Appeal and Equalization Property Full Display, Lots& Land, MLS -: 3853915 by Brett Hildreth as part of the public 4824 56th Ave N, Crystal, MN 55429 record for his appeal. Status: Sold List Price: $19,900 1St l',;' 519,900 s Image 1 of 6 5ytri Ave !v it-upr 58th Ave N z 10 d _ 4824 56th Aver MEL- j - Crystal r. IJ n_ n N >EQ W1, r Twlw AW.to-; hlah Palo 91 Map Coord: E2 I rir.'r hom, FROM CTY RD 81& BASS LAKE RD,GO EAST TO PROPERTY ON NORTH SIDE NEXT TO CONVENIENCE STORE. r (Click icon for Virtual Earth Map) MLS Area: 361 -Crystal TAX INFORMATION Front Dim.nsions 109 Property ID' J I i3'1,4c"3'i s Lek Dimensions: 191 Tax Year 2009 Right Dimension~: 172 Tax Amt $858 Rear Dimensions: 105 Assess Bal: $121 Acres: 0.430 Tax vv assess: $985 Min Lot Size Assess Pend Homestead: No Plat Recorded: Y List Date, 11/06/2009 Received By MLS:11/06/2009 Days On Market:24 Off Market Date: 11/25/2009 Selling Agent Projected Close Date: 12/23/2009 Selling Office Date Closed: 12/23/2009 General Property Information Legal Description: Lot 002 Block 001 JUNIOR LARSON ADDN County: Hennepin School District: 281- Robbinsdale, 763-504-8000 Complex!Dev/Sub: Builder Restriction: Open Rest rictions/Covts: None Land Inclusions: For Sale Sign Irnprovernents: Curbs, Paved Streets Zoning: Residential-Single, Business/Commercial Road Frontage: Lot Description: Available Utilities: Electric, Natural Gas,City Water, Private Well On Site Utilities: Electric, Natural Gas,City Water, Private Well,Storm Sewer Association Fee: $ Association Fee Frequency: Assoc Fee Includes: Development Status: Raw Land Farm Type: Tillable Acres: topography: Level Soil Type: Pasture Acres: Out Buildings: Crop Type: Wooded Acres: Aguc Water: Remarks Agent Remarks: PRINT UP ALL SUPPLEMENTS BEFORE SUBMITTING OFFER Public Remarks: Great spot to build. Large wide and deep lot in a great location.Check with city for zoning laws.This lot may be eligible for commercial or single family. Financial Cooperating Broker Compensation Buyer Broker Comp: $ 1000 Sub-Agent Comp: 0% I a:ilitator Comp: 0 Variable Rate: N List Type: Exclusive Right Sale Mortgage Information Sale Financial Terms: Cash ]http.//matrix.northstarmis.com/Matrix/DisplaN .asp\''c -\.AEAAAD*****AQAAAAAAA... 4/18/2011 Northstar NILS Matrix The following MLS documentation was Sale Loan Amount. S printed, discussed and submitted to the Seller Contribution: $ Local Board of Appeal and Equalization Sellers Terms: Conventional,Cash Existing Financing: by Brett Hildreth as part of the public In Foreclosure?: No record for his appeal. Lender Owned?: Yes Potential Short Sale?: No Owner is an Agent?: No Contact Information I.isting Agent: >'_a Listing Office: !, c, r r ; Office Phone: 763-545-5000 MLS»: 3853915 Address: 4824 56th Ave N,Crystal, MN 55429 lhttp:/"matrix.northstarmis.com/!Matrix/Display aspx"c AAE.A.AAD* *,AQAAAA:XA.A_ 4/1 b/2o I 1 Property Information Search by Street Address Result page Page 1 of 2 Hennepin County, Minnesota Property Information Search Result r Parcel Data for Taxes Payable 2011 m ADDRESS .. 720 Sale Information 69th Ave n Search Clear 20 Tax Parcel Description Value and Tax Summary for Taxes Payable 2011 Values Established by Assessor as of January 2, 2010 t Property Information Detail for Taxes Payable 2011 Values Established by Assessor as of January 2, 2010 Values: i alai }http://www 16.co.liennepin.mn.us/pins/addrresult.j sp 4/18/2011 Property Information Search by Street Address Result page Pale l of 2 Hennepin County, (,linnesota Property Information Search Result Parcel Data for Taxes Payable 2011 acDRFS 5413 Sale Information Lyndale Ave n Search Clear Tax Parcel Description 20 _... ..... .. Value and Tax Summary for Taxes Payable 2011 Values Established by Assessor as of January 2, 2010 Property Information Detail for Taxes Payable 2011 Values Established by Assessor as of January 2, 2010 Values: Classifications: http://wwwI6.co.liennepin.mn.us/pins/addrresult.jsp 4/18/2011 a Ha k ry Michael Seery 61566 th Ave N., Brooklyn Center PID # 36- 119 -21 -13 -0119 Review owner(s) statement of estimated market value or classification and presentation of factual information regarding the property. Owner may provide additional documentation regarding the market value or classification. 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. The Local Board of Appeal and Equalization considers the appeal and makes one of the following motions: • Make no change and sustain the 2011 estimated market value or classification. • Reduce the 2011 estimated market value. • Increase the 2011 estimated market value. If the owner(s) 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. CITY OF BROOKLYN CENTER MAR 9 ZO�1 LOCAL BOARD OF APPEAL AND EQUALIZATION 2011 Assessment APPLICATION FOR APPEAL February 21, 2011 through March 18, 2011 You must return this application by March 18 2011 to be placed on the Agenda for the Local Board of Appeal and Equalization held April 4, 2011 at 7:00 P.M. Name(s) M i c- tk A emu- 5 y" Er`� Daytime Contact Number (2 4%) 3-1 o -oo Property Address � t 5 t, e h7 Property Identifi cation Number 3 11 q- 2 1- 13 0A I It Assessor's 2011 Estimated Market Value i , N 8o, v oa Is your property residential, commercial or multi- family? Co m m e-ac )A i- lf you are appealing a commensal, multi - family or residential rental property you must include income and expense data for calendar year 2010 with your applioatfon What is the reason you are appealing your 2011 assessment? &s6 g. ; s m err i S N-i 6 I��s d iU Cu (2 T' ArP P �,4 iS4L ( Ar- Tr When did you purchase your home? Date of Purchase Purchase Price Did you purchase your property from a bank, as a foreclosure or short sale? AJ Has your property physically changed since the purchase? (maintenance, upgrades, remodeling or structural dama Please list a brief description ptton below with an estimated cast. Have you had a recent appraisal for refinancing, a purchase agreement or a market analysis by a real estate agent completed within the last year? or No If so, what was the determination of value? 1 bfJ, 060 What do you think the market value of your property should be? 1W,6 rev Please provide any documentation supporting your claim of overvaluation or erroneous classification with this application. ASSESSOR'S REPORT City of Brooklyn Center A Millennium Community TO: 2011 Brooklyn Center Local Board of Appeal and Equalization RE: Michael Seery SP Brooklyn Center, LLC 61566 th Ave N. Brooklyn Center, MN 55430 Mr. Seery contacted the Assessor's office on March 28, 2011 regarding the 2011 estimated market value of $1,480,000 for taxes payable in 2012, on a retail shopping center located at 615 Ave 66 to A N. The property on October 4 2010. Mr. e e assessor had completed a review of the y , p p p Seery indicated that an appraisal had been completed on the property in August of 2010. Mr. Seery submitted a written appeal form along with an appraisal, and his 2010 income and expense data for the shopping center as requested by the Assessor. The subject property is a 10,010 sq. ft. multi- tenant retail neighborhood shopping center. The property is a one story building constructed in 2006, with a 16' wall height, and 14' clear height. The property has seven tenant spaces and one drive up window. The structure is located on a 55,917 sq. ft. parcel with a shared driveway access and asphalt surface parking. The property faces 66 th Ave N., and is within one block of the Highway 252 and 694 interchange. There were three open market neighborhood shopping center sales that occurred during the sales study period. Two sales were considered comparable in size to the subject property. The comparable sale The two sales were close in size but both - sanal analysis is included with this report. p Y p r were located outside of Brooklyn n Center.. Comparable one is considered the most comparable arable L , to the subject property, with the least amount of adjustments. The property is comparable in size, age, and site size to the subject property. Comparable two is older than the subject property, and 50% of the total gross building area is basement area. The comments of verification indicate that it was verified as open market but the pricing is questionable, as the property was sold before signing with the listing broker. The property was purchased by a tenant who came forward prior to broker signing. I would consider the sale on the lower end of the market for this reason. The adjusted sale price per sq. ft. range is $77 to $149. Giving comparable one the most weight, sales comparable one supports the subject properties estimated market value of $1,480,000 or $148 per sq. ft. Mr. Seery provided the 2010 income and expense data for the subject property. The information indicated slightly higher rents and affirmed the Assessor's estimate of vacancy /collections and expenses were accurate. Due to the confidential nature of income and expense documents a market based income approach was provided on the property. The market based income pro -forma on the property indicates a capitalized value of $1,460,000. 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430 -2199 (763) 569 -3400 City Hall &. TDD Number (763) 569 -3300 FAX (763) 569 -3434 FAX (763) 569 -3494 www.cityofbrooklyncenter.org Mr. Seery provided an appraisal completed in August of 2010 on the subject property. The appraisal summary indicated a determination of value by cost approach of $1,430,000, a sales comparison approach of $1,450,000, and a direct cash flow analysis of $1,400,000. The reconciled value was reported as $1,400,000. The direct capitalization approach included in the appraisal included property real estate taxes, which is not included in an ad valorem appraisal, and inflated the amount of typical expenses. The capitalization rate incorporated in the analysis was inflated above the average overall capitalization rate that incorporates effective tax rates. The appraiser's determination of a capitalization rate was arrived at by using an average cap rate from the sales comparables, forcing a higher 9.15 %, due to one sale calculating at a higher cap rate of, 10.25 %. National capitalization rates provided by the appraiser also indicated a slightly lower 8.75% capitalization rate. Based on an analysis of the approaches to value, the City Assessor places the most weight on the actual income pro -forma of the property and both sales comparable approaches of value. The documentation provided by the owner indicated higher rents than typical for the neighborhood market for the area, the market information provided by the appraiser and the NorthMarq Compass report would indicate a slightly higher capitalization rate than was used for the 2011 estimated market value. After review of all the data, a recreated income approach, and a sales comparison approach of the sales study period, it is the Assessor's recommendation to place the greatest weight on the sales and direct capitalization approaches. It is the Assessor's recommendation to reduce the 2011 estimated market value of $1,480,000 to $1,450,000 for taxes payable in 2012. Respectfully Submitted, f Nancy Wojci , SAMA City Assessor City of BROOKLYN CENTER 2011 Local Board of Appeal and Equalization Written Appeal - Michael Seery SP Brooklyn Center, LLC 615 66th Ave N 36- 119 -21 -13 -0119 ts CHIROPPACTIC UL REGdI - 'j s t µ e 2011 Assessed Value: $1,480,000 Recommendation: Reduce 2011 EMV to $1,450,000 This report is not an appraisal as defined in M.S. §82B.02 (subd.3) nor does it comply with the Uniform Standards of Professional Appraisal Practice. It is intended to be used as a reference only and any use other than its intended use is prohibited and unlawful The author does not represent this to be an appraisal and is not responsible for any inappropriate use. It is a report ofpublic records using a mass appraisal technique. City of Brooklyn Center Assessing Department 2011 Local Board of Appeal and Equalization MT Staff Report Written Appeal - Michael Seery Property Owner(s): SP Brooklyn Center, LLC Property Address: 615 66th Ave N PID #: 36- 119 -21 -13 -0119 Market Value Assessment Year 2011 $1,480,000 Assessment Year 2010 $1,460,000 Assessment Year 2009 $1,360,000 Sale: March 14, 2006 - 787,838 (01 - Warranty Deed) Comments: Mr. Seery contacted the Assessor's office on March 28, 2011 regarding the 2011 estimated market value of $1,480,000 for taxes payable in 2012. Mr. Seery indicated that an appraisal had been completed on the property in August of 2010. Mr. Seery was provided with some market data regarding small neighborhood retail shopping properties. Mr. Seery submitted a written appeal application on March 29, 2011, as he is located out of state. Mr. Seery provided all 2010 actual income and expense data along with an appraisal as requested. Due to the confidential nature of actual data the income and expense data was reviewed by the Assessor's office. The property was physically reviewed on October 4, 2010, for tenant improvements to the last remaining retail space. The property is in good condition and has 100% occupancy as of the last review date. Assessor Recommendation: Reduce 2011 EMV to $1,450,000 Appraiser: Last Inspection Date: Nancy Wojcik October 4, 2010 2011 Board of Appeal and Equalization 2 Written Appeal - Michael Seery Subject Data Summary PID #: 36- 119 -21 -13 -0119 Buildings on File: 1 Property Name: Retail - 7 Tenant Property Address: 615 66th Ave N Brooklyn Center, MN 55430 Multiple Address: No Lot/Block: 002/001 Addition: Regal Road Development 2nd Addition Legal(120): Owner(s): SP Brooklyn Center, L Property Classification: Commercial 2011 EMV: 1,480,000 2010 EMV: 1,460,000 2009 EMV: 1,360,000 EMV /GBA: 147.85 Lot Size: 55,917 Sq.Ft. / 1.28 Acres Zoning: PUD /C2 Gross Office Area Percent: Building Use: 353 - Retail Store /100% # Stories: 1 Avg Story Height: 16 Avg Clear Height: 14 Actual Year Built: 2006 Effective Year Built: 2006 Renovated Year: First Floor Area: 10,010 Gross Building Area: 10,010 Basement: No Parking: Parking-Surface 2011 Board of Appeal and Equalization 3 Written Appeal - Michael Seery Additional Subject Photos P L REGAL s ■�� ` t ,.ti CHIROPRAC17C aart�w a E ii.t Y r, 10- 1 - ?(11 a V1 II I Occupancy TOW Building Rear 12/11/2006 201 1 13oard of Appeal and Equalization 4 Written Appeal - Michael Seery Parcel No 3611921130119 SKETCH /AREA TABLE ADDENDUM Property Address 615 66th Ave N W City Brooklyn Center County Hennepin State MN Zip 55430 Owner SP Brooklyn Center, LLC m — - N Client Appraiser Name Nancy Wojcik Inspection Date 10111/2006 First Floor 10010.0 sf 143' 2 U I W Y U) Space A Space B Space C Space D Space E Space F Space Z o 0 W r n W O o_ 143' Scale: 1= 40 AREA CALCULATIONS SUMMARY Comment Table 1 Code Description Factor Net Size Perimet Net Totals 7 tenant spaces in Retail Bldg GBAl First Floor 1.00 10010.0 426. 0' 10010.0 Sizing as follows: Space A: 1,800 [/] Space B,C,E,F,G: 1,367 [/] Space D: 1,241 [/] z 8 Rooftop HVAC Units O ' Q J Comment Table 2 Comment Table 3 a U W W Q Net BUILDING Area (rounded w/ factors) 10010 CITY OF BROOKLYN CENTER APEX SOFTWARE 800- 858 -9958 Apx7100 -w Apex Medina 615 66th Ave N. i�.. ,.� �' •• Legend Street Name Labels I3 h if I - / /]fr / a, f*. i :� House Number Points Municipal Boundary �.% ❑ Lakes 6 Streams i : ,�, � / � _ El •� �� r 2009 Aerial Photo K'O A T 4 A . l At "" 4� I o SP Brooklyn Center, LLC Small Neighborhood Retail Center ° Ka PID: 3611921130119 ('rte of c 615 66th Ave N BRO(1KLYN s ,1 Brooklyn Center, MN 55430 CE AT TER a t Report Name: Permit List City of Brooklyn Center Printed: 4/15/2011 Permit List Page: 1 Permit List for: 615 66th Ave N Permit # Unit Value Permit Type Sub Type Work Tvpe Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BC042497 $0 Electrical Commercial Replace ADD TRACK LIGHTS 09/27/2010 07/09/2010 BC042250 $400 Electrical Commercial Replace INSTALL NEW 08/26/2010 09/03/2010 CIRCUIT FOR FRONT SIGN BC041915 $21 Sign Wall New BC CELLULAR SIGN 07/27/2010 02/18/2011 BC041452 $500 Fire Sprinkler System (Wet) Tenant Finish TENANT FINISH 06/04/2010 02/18/2011 BC041321 $7,000 Building Commercial Tenant Finish 10X7 BATHROOM 05/27/2010 02/18/2011 BC041329 $2,500 Mechanical Ductwork Tenant/Finish DUCTWORK & 05/24/2010 02/18/2011 EXHAUST SYSTEM BC041330 $3,000 Electrical Commercial Replace SUITE #6 - PANEL, 05/17/2010 07/09/2010 RTU AND BATHROOM BC041214 $4,400 Plumbing Commercial Tenant Finish NEW TOILET ROOM 05/12/2010 02/18/2011 AND MOP SINK BC040883 $1,000 Building Commercial Tenant Finish CERTIFICATE OF 04/01/2010 02/18/2011 OCCUPANCY ONLY BC040867 $0 Temporary Use Ten Day Admin Land U Administrative Land GRAND OPENING 03/30/2010 Use FOR DOLLAR STORE BC040625 $0 Electrical Commercial Tenant Finish PANEL CHANGE 03/08/2010 04/08/2010 OUT, 2 -RTU'S AND SIGN CIRCUIT BC040626 $500 Fire Sprinkler System (Wet) Tenant Finish TENENT 03/02/2010 02/18/2011 IMPROVEMENT BC040541 $5,000 Building Commercial Tenant Finish BATHROOM & 02/26/2010 02/18/2011 STORAGE AREA IN BACK OF TENANT SPACE BC040586 $3,000 Mechanical Ductwork Tenant/Finish NEW ROOF 02/24/2010 04/06/2010 MOUNTED PRV & DUCTWORK DISTRIBUTION BC040551 $4,500 Plumbing Commercial Tenant Finish ABOVE GROUND 02/24/2010 03/17/2010 PLBG FOR NEW BATHROOM BCO39329 $22 Sign Wall New SOLIEL BEAUTY 09/21/2009 02/18/2011 SUPPLY & SALON BCO39298 $32 Sign Wall Replace CHECKERS/ 09/16/2009 02/18/2011 BURGERS FRIES COLAS BCO39297 $32 Sign Wall Replace CHECKERS/ 09/16/2009 02/18/2011 BURGERS FRIES COLAS Report Name: Permit List City of Brooklyn Center Printed: 4/15/2011 Permit List Page: 2 Permit List for: 615 66th Ave N Permit # Unit Value Permit Type Sub Type Work Type Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BCO39296 $32 Sign Wall Replace CHECKERS/ 09/16/2009 02/18/2011 BURGERS FRIES COLAS BCO39295 $72 Sign Freestanding Replace CHECKERS/ 09/16/2009 02/18/2011 BURGERS FRIES COLAS BCO39288 $0 Temporary Use Ten Day Admin Land U Administrative Land CHECKERS GRAND 09/15/2009 Use OPENING BCO39205 $0 Temporary Use Ten Day Admin Land U Administrative Land CHECKERS GRAND 09/03/2009 Use OPENING BCO39153 $300 Electrical Commercial Tenant Finish WIRE ANSUL 09/03/2009 09/07/2009 SYSTEM TO FIRE ALARM BCO39110 $1,550 Fire Sprinkler System (Wet) Tenant Finish INSTALL ANSUL 08/28/2009 09/01/2009 FIRE SUPPRESION IN KITCHEN BCO39104 $9,400 Mechanical Undefined Tenant/Finish Install owners griddle & 08/28/2009 09/01/2009 fryer,relocate diffusers BCO39100 $2,500 Mechanical Refrigeration Tenant/Finish INSTALL WALK IN 08/27/2009 09/01/2009 COOLER AND ICE MAKER BCO39020 $11,850 Plumbing Commercial Tenant Finish Waste,vent and water 08/21/2009 09/01/2009 pipe for kitchen equip only BCO38949 $600 Fire Sprinkler System (Wet) Remodel /Alteration SHORTEN 5 HEADS 08/17/2009 08/27/2009 TO NEW CEILING HEIGHT ADD 1 /COOLER BCO38911 $7,500 Electrical Commercial Tenant Finish WIRE RETAIL SPACE 08/12/2009 08/31/2009 BCO38785 $100,000 Building Commercial Tenant Finish restaurant remodel 07/31/2009 09/01/2009 BCO38561 $0 Temporary Use Administrative Land Us. Administrative Land 2 -TEN DAY TEMP 07/15/2009 Use USE PURE NAILS SIGN BCO38455 $10 :Sign Freestanding Remodel /Alteration PURE NAILS 06/25/2009 10/14/2009 BCO38415 $0 Temporary Use Ten Day Admin Land U Administrative Land NAIL SPECIALS 06/19/2009 Use BCO38091 $1,000 Building Commercial Tenant Finish Certificate of 05/11/2009 06/02/2009 Occupancy Only BCO37876 $450 Fire Sprinkler System (Wet) Tenant Finish ADD 04/16/2009 1- SPRINKLER -RESTR OOM Report Name: Permit List Printed: 4/15/2011 City of Brooklyn Center Pa 3 Permit List Permit List for: 615 66th Ave N Permit # Unit Value Permit Tyne Sub Tvae Work Tyne Description Cancelle d Issued Date Final Date Dead Date Expiration Date Refund Date BCO37643 $0 Electrical Commercial Replace INSTALL 200AMP 03/19/2009 04/16/2009 SERVICE -9 LIGHTS & 10 RECEPTS BCO37629 $3,000 Mechanical Ductwork New SHEETMETAL & 03/18/2009' EXHAUST DUCTWORK BCO37566 $7,000 Plumbing Commercial Tenant Finish INSTALL 2 -HAIR 03/09/2009 05/20/2009 SINKS AND UTILITY SINK BCO37532 $10,000 Building Commercial Tenant Finish TENANT BUILD 03/05/2009 OUT/BATHRM /OFFIC E/RETAIL BCO37033 $0 Temporary Use Ten Day Admin Land U Administrative Land NAIL SPECIALS 11/13/2008 Use BCO34675 $1,000 Plumbing Commercial Remodel/Alteration SANITARY WASTE 10/11/2007 03/25/2009 LINES ONLY BCO34332 $2,500 Fire Sprinkler System (Wet) Remodel /Alteration TENANT 09/07/2007 10/19/2007 MODIFICATIONS TO EXISTING WET -PIPE BCO34331 $4,000 Mechanical Air Conditioning Tenant/Finish INSTALL EXHAUST 09/07/2007 03/25/2009 FAN, DUCTWORK DIFFUSERS BCO34186 $40 Sign Wall New REGAL 09/06/2007 01/22/2008 CHIROPRACTIC BCO33295 $34 Sign Wall New JIMMY JOHN'S LOGO 08/30/2007 01/23/2008 BCO33294 $34 Sign Wall New JIMMY JOHN'S 08/30/2007 01/23/2008 GOURMET SANDWICHES BCO33293 $34 Sign Wall New JIMMY JOHN'S 08/30/2007 01/23/2008 BCO34074 $0 Electrical Commercial Tenant Finish WIRE 08/15/2007 09/07/2007 CHIROPRACTIC OFFICE BCO33590 $3,800 Mechanical Ductwork Tenant/Finish RPOVIDE AND 07/10/2007 07/13/2007 INSTALL DUCTWORK & VENTILATION BCO33568 $1,000 Plumbing Commercial Tenant Finish FUTURE SANITARY 07/06/2007 03/25/2009 WASTE LINES BCO33450 $9,500 Plumbing Commercial New INSTALL WATER 06/26/2007 09/05/2007 HEATER,2 RESTROOMS, 2 AUTO WASHER i Report Name: Permit List Printed: 4/15/2011 ...City of Brooklyn Center Pa e: 4 Permit List g Permit List for: 615 66th Ave N Permit # Unit Value Permit Tvne Sub Tyne Work Tyne Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund bate BCO33308 $0 Electrical Commercial Tenant Finish ADD 8 OUTLETS, 06/15/2007 04/17/2007 WIRE WATER HEATER AND SIGN BCO33028 $50;000 Building Commercial Tenant Finish CONSTRUCT 06/14/2007 10/19/2007 CHIROPRACTIC OFFICE IN NEW RETAIL BLDG BCO33178 $900 Fire Sprinkler System (Wet) Remodel /Alteration DROP 8 HEADS TO 06/01/2007 08/15/2007 NEW CEILING HEIGHT BCO33115 $1,688 Fire Sprinkler System (Wet) Tenant Finish TENANT 05/18/2007 05/19/2007 MODIFICATIONS. TO EXISTING WET -PIPE BCO33060 $9,500 Electrical Commercial New Construction COMMERCIAL 05/09/2007 06/28/2007 RESTAURANT BCO33020 $0 Temporary Use Ten Day Admin Land U Administrative Land Grand Opening 05/04/2007 Use Temporary Sign BCO32949 $0 Temporary Use Ten Day Admin Land U Administrative Land Grand Opening - 04/25/2007 Use Temporary Sign BCO32925 $98,000 Building Commercial Tenant Finish JIMMY JOHNS - 04/24/2007 08/15/2007 TENANT FINISH BCO32924 $19,000 Plumbing Commercial Tenant Finish NEW TENANT 04/23/2007 07/13/2007 SPACE BCO32881 $5,000 Building Commercial Tenant Finish Tenant Finish 04/16/2007 04/27/2007 (DEMISING WALLS & SLAB) BCO32732 $39 Sign Wall Replace PURE NAILS 04/16/2007 BCO32829 $4,900 Mechanical Ductwork Remodel /Alteration INSTALL 04/06/2007 05/03/2007 EXHAUST/DUCTWOR K BCO32707 $10,500 Plumbing Commercial Tenant Finish PLUMBING TENANT 03/21/2007 04/20/2007 FINISH BCO32708 $35,000 Building Commercial Tenant Finish Tenant Finish 03/20/2007 04/23/2007 BCO32653 $4,740 Fire Sprinkler System (Wet) Remodel /Alteration 23 CHROME PEND 03/05/2007 02128/2007 FIRE SPRINKLERS BCO32640 $0 Temporary Use Ten Day Admin Land U Administrative Land Starbuck's - Temporary 03/01/2007 Use Signs for Grand. Opening BCO32618 $174 Sign Freestanding Replace SIGN - STARBUCKS 02/27/2007 02/28/2007 COFFEE /JIMMY JOHNS BCO32506 $5,000 Mechanical Ductwork Remodel /Alteration HVAC FINISHES 02/27/2007 02/28/2007 Report Name: Permit List Printed: 4/15/2011 City of Brooklyn Center Page: 5 Permit List Permit List for: 615 66TH AVE N Permit # Unit Value Permit Type Sub Tyne Work Tyne Description Cancelled Issued Date Final Date Dead Date Expiration Date Refund Date BCO32504 $5,292 Building Fire Monitoring System Tenant Finish FIRE ALARM 02/05/2007 02/20/2007 SYSTEM & MONITORING BCO32469 $5,292 Electrical Commercial Remodel/Alteration FIRE ALARM 02/05/2007 02/20/2007 SYSTEM INSTALLATION BCO32468 $36 Sign Wall New STARBUCKS COFFEE 01/30/2007 02/28/2007 BCO32467 $22 Sign Wall New STARBUCKS COFFEE 01/30/2007 02/28/2007 BCO32466 $9 Sign Wall New STARBUCKS COFFEE 01/30/2007 02/28/2007 BCO32465 $13 Sign Wall New STARBUCKS COFFEE 01/30/2007 02/28/2007 BCO32464 $9 Sign Wall New STARBUCKS COFFEE 01/30/2007 02/28/2007 BCO32463 $3,000 Mechanical Ductwork Remodel /Alteration RUN DUCT & 01/24/2007 02/14/2007 EXHAUST MAINS BCO32379 $10,200 Mechanical Roof Top Units Remodel/Alteration ADD 4 RTU'S /GAS 01/08/2007 02/20/2007 PIPING BCO32361 $25,000 Electrical Commercial Remodel /Alteration ELECTRICAL 01/04/2007 02/02/2007 WORK- TENANT FINISH BCO32257 $26,500 Plumbing Commercial New PLUMBING FOR 12/27/2006 02/14/2007 STARBUCKS COFFEE BCO32201 $110,000 Building Commercial Tenant Finish TENANT BUILDOUT 12/05/2006 02/20/2007 BCO32169 $27,500 Mechanical Roof Top Units Replace RTU'S W/ GAS PIPING 11/28/2006 02/20/2007 & 2 EXHAUST FANS BCO32147 $16,205 Fire Sprinkler System (Wet) Remodel /Alteration NEW WET PIPE 11/22/2006 02/20/2007 SYSTEM BCO31725 $15,000 Plumbing Commercial Tenant Finish MAIN SW LINES FOR 09/27/2006 02/28/2007 FUTURE TENANTS BCO31614 $40,000 Electrical Commercial Remodel /Alteration WIRE BUILDING 09/20/2006 02/02/2007 BCO31535 $30,000 Sewer & Water Sewer & Water New STORM & SANITARY 09/06/2006 02/28/2007 SEWER/WATER SVC BCO31515 $735,000 Building Commercial New New 10,000 sq ft retail 09/0612006 03/23/2007 building Permit Count: 87 Sales Analysis Subject Comparble 1 Comparable 2 PID # 36- 119 -21.13 -0119 25- 116 -22.44 -0126 09- 28.23.44 -0196 Address 615 66th Ave N. 10165 Hennepin Town Rd 649 Snelling Ave S. city Brooklyn Center Eden Prairie St. Paul Sale Price $2,400,000 $822,000 Sale Date 6/2412010 5!24/2010 Cash Equivalent Price $2,400,000 $822,000 Price [a GSA $148 $200 $105 Property Use Shop Ctr Neighborhood Shop Ctr Neighborhood Shop Ctr Neighborhood Location Average Superior Inferior Total Land Area 55,917 78,616 21,081 LIB Ratio 5.59 6.55 1.33 Year Built 2006 2007 1950 Effective Year 2006 2007 1986 Quality I Condition Good Similar Inferior # Stories 1 1 1 First Floor Area 10,010 12,000 7,860 GBA 10,010 12,000 15,840 Basement None None 7,980 Wall Ht I C lear Ht 16/14 15/12 12/10 Building Shape Rectangular Rectangular Rectangular Parking Surface Asphalt Asphalt Asphalt Multiple Tenancy? Yes Yes Yes Comments: End Unit constructed with drive up Not advertised with broker. window. Property has shared Interviewing with brokers when tenant access with adjacent property. came forward to purchase. Buyer Property was 100% occupied in thought offer matched market sales October, 2010. and lender's appraisal supported price. Billboard is also located on property. ADJUSTMENTS: Time 0% 0% Location -10% -2% Land /Building Ratio 0% 3% Age 0% 15% Quality I Condition 0% 15% Size I Useable GBA -15% 7% Functional 0% 10% Net Adjustment % 25% 48% _ Adjusted Sale Price $1,788,417 $1,214,726 d usted Price [q GBA _- -- $149 - - $77_ - -- Indicated Value Indicated Sales Price Range $77 to $149 per Sq. Ft. PROPERTY USE: Shop Center Nborhood MUNICIPALITY: EDEN PRAIRIE Code: 412 C RC: 00 COMPLEX NAME: Bluff Country Village COUNTY: HENNEPIN GBA 12000 WD ADDRESS: 10165 Hennepin Town Road PIN #: 25- 116 -22 -44 -0126 Seq #: 1 Ratio Y Comp: Y AUDITOR ID: 19300 MULTI PID: N COMMUNITY: NBRHOOD: 1 , PROPERTY DESCRIPTION MARKET DATA Year Built/Effective Year Built: 2007 2007 Buyer: Artisan Properties, LLC Const Quality/ Condition: AVERAGE GOOD Seller: :Bluff Country Retail, LLC COnst Class/ No. Of Bldgs: Masonry Bearing wall 1 Sale Data: Date of Sale: 6/24/10 Exterior Type/ Roof Type: Brick Flat Total Purchase Pricer $2,400,000 2 Exte rior Typ / Roof C vr: Built -Up Membrane Down Payment Amount: $0 SIZE & USES First Floor Area/ GBA: 12,000 SF 12,000 SF Other Terms: Total Floor Area/ NRA: 12,000 SF TERMS Bldg Perim./ Shape/ Units: 520 FT Rectangle No Data Available Mezzanine Area/ Use: SF Cash Equivalent Price: 5.95% $2,400,000 BsmtArea/ %Fin/ %: SF 0% 0% GBA Cash Equivalent Adj:' BsmtUser LESS: Personal Property: $0 Bsmt Fin/ %: SF 0% GBA PLUS: Special Assessments: Ind:Y $0 First Floor Use: Retail Cash Equivalent of Real Estate: $2,400,000 First Floor SF/ %: 12,000 SF 100% GBA 2nd+ floor Use: Sale Analysis: Sale Price Per Sq. Ft. TFA: $200.00 2nd+ Floor SF/ %: SF 0% GBA Sale Price Per Sq. Ft. GBA: $200.00 Tot Off Area: SF 0% GBA Sale Price Per Sq. Ft. NRA: Primary Heating/ Pct: Package Unit 100% Sale Price Per Sq. Ft. Land Area: $30.53 Secondary Heating/ Pct: Sale Price Per Room: Air Conditioning Pct: 100% Income Data: Sprinklers/ Elevators: 100 Garage/ Ramp Spaces: PRIVATE DATA Surface Parking Space: 84 Parking Surface Type: Asphalt Rent Schedule: Multiple Tenancy: Y PRIVATE DATA Bldg Ht/ Avg Clear Ht: 15.0 FT 12.0 FT # Stories: 1.0 Avg. Finished Ceiling Ht: FT Total Land Area/ Topography: 78,616 SF Level Useable Land Area: 78,616 SF Zoning/ Land Def Cd: N -COMM F Trackage/ Utilities: N All Public Land Big Ratio/ Excess Land: 6.55 to One N Environmental Concern Ind: Other Amenities: Summary Comments: This is a good market sale. No specific income was given although Ms. Heddle did discuss the cap rate. Ms. Heddle did not know the exact NOI but she said based on the contract rents in place the cap rate on this property is 9% to 10 %. She also said the rents in place are above market. If the property was rented now at current market rents the cap would be 7.5% to 8 %. See additional comments for further information. Pin #:2511622440126 Seq #:1 EEJi EB EM I I.1 gT 4 4J 16RCEEY WAY ohm LEE OR _!f PROPERTY USE: Shop Center Nborhood MUNICIPALITY: ST. PAUL Code: 412 RC: 00 COMPLEX NAME: COUNTY: RAMSEY GBA 15840 PRD ADDRESS: 649 Snelling Ave. S. PIN #: 09- 28 -23 -44 -0196 Seq #: 1 Ratio Y Comp: Y AUDITOR ID: 382139 MULTI PID: N COMMUNITY: 15 NBRHOOD: 500 PROPERTY DESCRIPTION MARKET DATA Year Built/Effective Year Built: 1950 1986 Buyer: Mastnian 2 LLC Const Quality / Condition: AVERAGE AVERAGE Seller: Estate of Marion .Rose Const Class/ No. of Bldgs; Masonry Bearing wan 1 Sale Data: Date of Sale: 5/24/10 Exterior Type/ Roof Type: Brick Flat Total Purchase Price: $822,000 2nd Exterior Type / Roof Cvr: Concrete Block Built -Up Membrane -Down Payment Amount: $0 SIZE & USES First Floor Area/ GBA: 7,860 SF 15,840 SF Other Terms: Total Floor Area/ NRA: 7,860 SF TERMS Bldg Perim./ Shape/ Units: FT Rectangle 1 Set 1 Mezzanine Area/ Use: SF Assume Ind: Bsmt Area/ %Fin/ %: 7,980 SF 50% GBA 3 Bsmt User Support PMT- INT- PMTS- Bsmt Fin/ %: 0 SF 0% GBA BALLOON DATE First Floor Use: Retail First Floor SF/ %: 7,860 SF 50% GBA Cash Equivalent Price: 6.20% $822,000 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF/ %: 0 SF 0% GBA LESS: Personal Property: $0 Tot Off Area: 0 SF 0% GBA PLUS: Special Assessments: Ind:N $0 Primary Heating/ Pct: Forced Air 100% Cash Equivalent of Real Estate: $822,000 Secondary Heating/ Pct: 0% Air Conditioning Pct: 100% Sale Analysis: Sale Price Per Sq. Ft. TFA: $104.58 Sprinklers/ Elevators: 100 0 Sale Price Per Sq. Ft. GBA: $51.89 Garage/ Ramp Spaces: 0 0 Sale Price Per Sq. Ft. NRA: Surface Parking Space: Sale Price Per Sq. Ft. Land Area: $38.99 Parking Surface Type: Asphalt Sale Price Per Room: $822,000 Multiple Tenancy: Income Data: Bldg Ht/ Avg Clear Ht: 12.0 FT 12.0 FT # Stories: 1,0 PRIVATE DATA Avg. Finished Ceiling Ht: 10.0 FT Total Land Area/ Topography: 21,081 SF Level Rent Schedule: Useable Land Area: 21,081 SF PRIVATE DATA Zoning/ Land Def Cd: B3 F Trackage/ Utilities: N All Public Land Big Ratio/ Excess Land: 1.33 to One N Environmental Concern Ind: Other Amenities: Summary Comments: Property was not advertized with a broker. The sellers were beginning to interview brokers when one of their tenants told the buyer about the property. Buyer contacted seller and they made a deal. Buyer thought the price was fair and the lender's appraisal supported the price. Good sale for ratio and market. Billboard also located on the site. Pin #:092823440196 Seq #:1 MARKET BASED INCOME WORKSHEET 2011 Pali 2012 i :w. okOSECT` I�fAME��a� ta1�. � 1` ena€ ri: �s :.:.:..:.:.:.:.:. : .:.:.:.:.:.:.:.:.:...:.:.:.:.:. ONNER ........, .: € € >' SRS, roo.. L .t>€ .Ce.. ter. PROPERTY TYPE - C Grocery /Retail /Fast Food NET LEASE Proforma YEAR BUILT 2006 INCOME ANALYSIS OFFICE INCOME $49,000 GROSS BUILDING AREA 10,010 RETAIL INCOME $43,125 NET RENTABLE AREA 9,875 FAST FOOD INCOME $70,000 OFFICE Rate 3,500 Retail Shops 2,875 PGI $162,125 Fast Food 3,500 Proforma Rents LESS: VACANCY $16,213 Fast Food Rate $20.00 RETAIL SHOP RATE $15.00 EGI (before concessions) $145,913 OFFICE Rate $14.00 LESS: RENT CONCESSIONS $0 VACANCY ALLOWANCE 10.00% FREE RENT $0 SQUARE FEET VACANT 988 SQUARE FEET OCC. 8,888 EGI $145,913 OF EGI RENT CONCESSIONS 0.00% LESS: EXPENSES $3,456 2.37% FREE RENT 0.00% LEASING $3,288 2.25% TURNOVER RATE 20.00% TENANT IMPROVEMENTS $5,377 3.69% TENANTS REMAINING 80.00% RESERVES $1,975 1.35% AV. LEASING PERIOD 10 MANAGEMENT $7,296 5.00% TOTAL EXPENSES - $21,392 14.66% XPENSE SQ.FT. 3. :::><::::><:>:<>::><:»:<:>:::::>::» ...... :<:: >: »:: >: > >: >::::::?:: > >:<: >: $ ................. MANAGEMENT 5.00% TENANT IMP. COST -NEW $15.00 A SfLa ...,..........., ..........:.:. RENEWAL $10.00 EXPENDABLE VAL. OF TI 55.00% PER SQ.FT. GBA $145.85 PER SQ.FT. NRA $147.85 RES. FOR REPLACEMENT $0.20 SQ FT EXPENSE RATIO - 14.66% LEASE COMMISIONS -NEW $4.50 SQ FT LAND AREA - 55,917 RENEWAL $3.50 SQ FT EFFECTIVE TAX RATE 3.080% (City Avg. 2 700,000 12.52 1`AXiRAT 011 Land Value $ fE)A►I.L 2011 Building Value $ 760,000 76.96 .......... 1,460,000 145.85 G: \SPREDSHTWssessor\2011CIA \[Retail Stores.xlsx]Market Inc. 252 & 66th 4/14/2011 Retail Stores.xlsWarket Inc. 252 & 66th