HomeMy WebLinkAbout1983 06-06 CCP Board of Equalization BOARD OF EQUALIZATION AGENDA
City of Brooklyn Center
June 6, 1933
7:00 p.m.
1. Call to Order
2. Roll Call
3. Purpose of Board of Equalization
4. Procedural Review of Property Taxation
5. City Assessor's Report
6. Public Inquiry Regarding Local Assessments
q Y 4 g
7. Adjournment
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BROOKLYN CENTER
1983 BOARD OF E
(Non- Personal Appeals)
Case ##
1 -A) Dennis Peterson 4811 - 69th Avenue North
PID# 33- 119 -21 -11 -0030
1983 EMV $ 70,900
Recommendation: $ 66,000.
2 -A) Brock Hotel Corp. Holiday Inn.
PIN 35- 119 -21 -41 -0003
1983 EMV - $3,308,200
Recommendation: $2,800,000.
3 -A) Texas Air Corp. Vacant Land
PID# 02- 118 -21 -11 -0001
1983 EMV - $ 576,100
Recommendation: Refer to staff for a report back at a continued meeting.
4 -A) Texas Air Corp. Vacant Lane
PIN 02- 118 -21 -11 -0006
1983 EMV - $ 429,500
Recommendation: Refer to staff for a report back at a continued meeting.
5 -A) Plitt Theaters, Inc. 2501 County Road 10
PID# 02- 118 -21 -24 -0013
1983 EMV - $ 716,100
Recommendation: Refer to staff for a report back at a continued meeting.
6 -A) Gabbert & Gabbert Co. Westbrook Mall
PIN 03- 118 -21 -14 -0022
1983 EMV - $2,908,200
Recommendation: Refer to staff for a report back at a continued meeting.
7 -A) The Prudential Ins. Co. 6820 Shingle Creek Parkway
PIN 35- 119 -21 -12 -0002
1983 EMV $2,664,200
Recommendation: Refer to staff for a report back at a continued meeting.
1983 Board of Equalization Page 2
(Non - Personal Appeals)
8 -A) The Prudential Ins. Co. 6840 Shingle Creek Parkway
of America
PID# 35- 119 -21 -21 -0003
1983 EMV - $2,024,900
Recommendation: Refer to staff for a report back at a continued.meeting.
9 -A) Raymond G. & Agnes L. 4 -Plex - 1425 55th Avenue North
Janssen
PID# 01- 118 -21 -33 -0072
1983 EMV $ 126,700
Recommendation: Refer to staff fora report back at a continued meeting.
10 -A) R.Z.Zych & J.F.Fahrenholz 4 -Plex - 620 - 53rd Avenue North
PID# 01- 118 -21 -43 -0073
1983 EMV - $ 141,200
Recommendation: Refer to staff for a report back at a continued meeting.
11 -A) Dale 11. Stone 4 -Plex 5500 Bryant
PID,# 01- 118 -21 -31 -0061
1983 EMV - $ 172,200
Recommendation: Refer to staff for a report back at a continued meeting.
12 -A) William F.& Bonnie L. Sh'utte 4 -Plex (4)
PID# 35- 119 -21 -11 -0007 6719 Humboldt 1983 EMV - $126,700
PID# 35- 119 -21 -11 -0008 6721 Humboldt 1983 EMV - $126,700
PID# 35- 119 -21 -11 -0009 6715 Humboldt 1983 EMV - $126,700
PID# 35- 119 -21 -11 -0010 6717 Humboldt 1983 EMV - $126,700
Recommendation: Refer to staff for a report back at a continued meeting.
MINUTES 01' TIIE: PROCEEDINGS 01' THE CITY COUNCIL
OF TIIL: CITY OF BROC)lUYt1 CENTIsR IN THE COUNTY OF
FIE ^FIQEPIN 71ND THE �"'1'ATE OF M1NTII,SOTA
Board of Equalization
June 7, 1982
City Hall
CALL T ORDE
The Brooklyn Center City Council met as the Board of Equalization and was called
to order by Mayor Dean Nyqui.st at 7:09 p.m.
ROLL CI�LL
Mayor Dean Nyquist., Councilmembers Gene Lhotka, Celia Scott, Bill Hawes, and Rich
Theis. Also present were City Manager Gerald Splinter, City Assessor. Peter Koole,
Appraiser Joe DaI3ruzzi, Assessing Clerks Julie Caswell and Evelyn Byron, and
Administrative Assistant Tom Bublitz.
Mayor Nyquist reviewed the purpose of this evening's meeting pointing out that the
City Council was serving as the Board of Equalization to conduct a review of assessed
valuation within the City, and to allot: a time for public inquiry regarding local
assessments after the City Assessor makes his report.
The City Manager pointed out that there are various steps that individuals must
take when seeking adjustments in their valuations and he explained that the meeting
�3 tonight is the first step after which the inquiry is passed on to the County, and
the County then passes it on to the State for their review. He explained that the
values discussed-this evening will serve as the basis for 1.983 taxes. He added
that the Board of Equalization reviews the City Assessor's work and he explained
that the City appraisers and assessing staff are fully certified by the State of
Minnesota
The City Assessor explained the appeal process, stating the channel of appeal begins
with the local Board, then onto the County Board, the State Board, and finally to
the tax court if carried that far. Fie also noted that individuals may appeal to
the tax court directly without going to the County Board or State Board. He added
that an individual must go to the local Board first before they can qualify for
the next step, which is the County Board, and that an individual must also appeal
to the County Board prior to appealing to the State Board. The City Assessor
explained that the County Board of Equalization is appointed by the County Commissioners
and that the Commissioner of Revenue serves as the State Board of Equalization.
The.City Assessor stated that the duties and the procedures to be followed by the
local Board are set in Minnesota Statute 274.01 to "examine and see that all taxable
property in the City has been properly placed upon a tax list and duly valued by
the Assessor ". "Furthermore ", he stated, "on application of any person feeling
aggrieved, the Board shall review the assessment and correct as shall appear just ".
In reviewing the duties of the City Assessor, he noted the State Statute reads "All
real property subject to taxation shall be listed and assessed every year with
reference to its value on January 2, preceding -the assessment ". The Assessor stated
this has been done and the owners of the property in Brooklyn Center have been
notified of any value changes. l ie also pointed out that Minnesota Statute 273.11
...> states, "All property shall be val -ued at its market value The City Assessor
6 =7 -82 °l°
further exp]ti'ined the Statute states "In estimating and determining such value
the Assessor shall not adopt a lower or different standard of value because the
same is,to serve as a basis for taxation; nor shall he adopt as a criterion and
a value' the price for which such property would sell at auction or at a forced
sale or ari aggregate with all the property in the town or district; but he shall
value each article or description of property by itself, and at such sum or price
as he believes the same to be fairly worth in money ". The City Assessor noted in
cases where a property may be so. unique as to make a comparative market value
hard to determine, Minnesota Case Law is clear as demonstrated in the case of State of
Minnesota versus Fr_itch. In this case, the court stated, "It is up to the Assessor
to form an opinion of the market value even when there is no market or sales to
aid in fixing values, where there have been no actual sales for a long period of
time, there is no way of determining values except by the judgment and opinion
of men acquainted with the lands, their adaptability for use and the circumstances.
of the surrounding community ". The City Assessor explained that the assessor's
work is based on historical value and that their data is based on actual sales
and not projections.
The City Assess `next reviewed the saps ratio studies. He explained that the
sales ratio study was a substantive pa of what is done by the Assessing Department.
The City As ssor briefly reviewed the sales ratio study noting the aggregate
r C ratio is, the median ratio is �93 2%, and the fficia_nt of dispersion is
t '
_4;;**. He stated th�j� the average sale price is and the average market
value is r3�.fe explained the Assessing Department analyzes the sales by
style, location, price, age, and neighborhood. He reviewed the valuations of
several homes located in different parts of the City, including homes located on
a lake or river, in proximity to a highway or freeway, commercial and multiple
family units, and homes located near parkland. He pointed out the percent of
increases in sale prices in the City'.s neighborhoods ranged from -s to --S and
that the average increase in.valuation City wide was -15-9
a ion
The City Assessor reviewed inspections by the Appraisers. He commented that State'
law requires one - fourth of the properties in the City be revalued and inspected
et each year. He showed the Council on a map of the City which areas had been revalued
and inspected in 1981 for the 1982 assessment. He noted in addition to the :regular
inspections made each year, the Assessing Department must also inspect the work
on each building permit. He noted that in 1981 there were 518 permits that had
to be inspected at least once to determine what effect the work has had on the
property value.
The City Assessor next reviewed a tax comparison for properties which were chosen
to be representative samples of homes in Brock' nter i two} different price
ranges.. A comparison .was made from the years o-� lld stated these
A properties have not been extensively changed physically a lthough normal maintenance
and depreciation are present in their average properties. He explained the income
adjusted homestead credit (circuit breaker) has not been considered in the example
as listed on the chart. Historically, he pointed out:, taxes on homesteaded
properties have decreased over the years.
The City Assessor then proceeded to review an example of how the homestead credit
6 --7 -82 -2-
works,, with regard to hire s;. For hi.; oxampl o, the City. Ass ens sOr assumed a dross
tax of $1,100; when the J8 ?, homesto-a i credit (!` 638) is deducted the net taxes
are $462. The City As e;sor then that the budget of the taxing authority
iricr_ea ;ed by 10%, or $1,100 plus ',.11 far 'a total. of $1,210 reflecting the, 10
budget increase. The 1982 gross tax, he pointed outs, would then be $1,210 and
' the 58% horn- :. ;tead credit would be $701.80; however, the homestead credit provides
a maximum of $G50, ther(_!fore, the riot tax would be $1,210 less $650 or $560. The
tax increase from one year to the next on the example_ property increased $98 for
a ?.1.2 increase. Ile exolai.ned that the additional increase is due to adjustments
made by the State Legislature. The City Manager pointed out that the City's share
of the total tax dollar is approximately 1.5% to 170.
The City Assessor proceeded to review small apartment building sales and also the
ale of four- lexes in the last five cars. He explained the use of the gross
s Y
P
r c .. He apartment t buildin explained that s p
*`•'' rent multiplier in developing value.. far a} artn�n 3
the gross rent multi.pl_ier is obtained by dividing the sale price of the building
by the gross rent of the building. Ile pointed out that four- plexes that sold
more than once in eleven years experienced an annual inflation rate of 34.3% with
regard to their selling price.
The City Assessor reviewed new legislation for the Council and pointed out that
t- homestead properties with tax increases over 30% received refunds from the state
for 75% up to $200.
Mayor Nyquist proceeded to review the forms submitted by persons present at this
evening's meeting who wished to ask questions regarding their valuations. The
first - persons to appear were Donald and Elizabeth Tinker, 3337 - 49th Avenue North,
PID No. 10-118-21-13-0017.
Mr. Tinker stated that his value was raised 33% in
.-R.
`f one year and that he believes this is too high since his valuation is up $18,000
Y ear
from the year before. He stated statement. is 100% over the that his tax _
market value was $64,700.
1981
before. The City ssessor stated that Mr. Tinker's
Y
He pointed out that in March of 1982 the property reappraised at $61,700. He
stated that this is an example of an expansion home being revalued and he noted
that these types of homes were grossly undervalued until 1981 which resulted in
great tax increase when they were brought up to their proper value. He stated
that he recommends the value remain as is for this property.
The City Manager explained that the Assessing Staff can sit down with Mr. Tinker
and compare values of other homes in his neighborhood. Mayor Nyquist stated that
he would recommend that Mr. Tinker get together with Mr. Koole's staff and examine
the values as suggested by the City Manager.
Mayor Nyquist stated that the next person making an inquiry regarding the valuation
of his property was Mr. William F. Shutte, owner of the properties at 6715, 17, 19,
10 0007 and 0008. Mr.
00
and 21 Humboldt Avenue North, PID No. 35-119-21-11-0009,
Schutte stated that the property taxes on the four four- plexes he owns have gone
up 200% in two years. Fie stated that he is questioning the fairness of computing
the values of all multiple family type housing together. He stated that it does
not seem fair to compare the small multiple family housing with large multiple
family housing units. He stated that his valuation in 1981 was $112,900 and.in
1982 it was $126,700 per unit. The City Assessor stated that he agrees with Mr.
Shutte in that he is competing with larger apartment complexes. He stated that
s ,
6 -7 -82 -3-
' four- plexes sell at a higher cost Per unit than large 100 unit complexes and the
j assessment must reflect this. 'Fie pointed out that the State Legislature requires
all multiple family type buildings, which includes anything over four units, to
r , be in the same tax classification. He stated that the gross rent multiplier for
a four. -plex is between 8 and 10 and that for larger units it is between 4 and 6.
Councilmember Lhotka left table at 8:02 p.m.
The City Assessor explained that there is more demand for four unit buildings than
for sixteen unit buildings, thus the sales price is increased by the demand. He
" emphasized that there is more demand for the smaller unit.
Councilmember Lhotka returned to the table 8:03 p.m.
The City Assessor stated that he does -not see an inequity in the appraisal since
the appraisal is based on the market value and it can be demonstrated that a four -
r^ plex can be sold for more per unit than a sixteen unit building. Mr. Shutte stated
r that he believes the expenses in maintaining the building should also be considered
not just the gross rent multiplier. Mr. Shutte then requested information from
the Assessor regarding the information the Assessing - Department has on his rental
income. Mayor Nyquist suggested that Mr. Shutte meet with Mr. Koole and his staff
to clarify some of the questions he has regarding his property.
Mayor Nyquist stated that the next person making an inquiry regarding valuation of
his property was Mr. Charles Thompson, 4201- 58th Avenue North, PTD No. 03- 118 -21-
23 -0023. Mr. Thompson stated that between 1976 and 1981 the market value of his
Tome increased from $56,000 to $118,8QO . He stated he believes this increase is
too high. He stated his assessed valuation increased from $118,500 in 1981 to
$118,800 in 1982. The City Assessor noted that Mr. Thompson's property is located
on the north end of Twin Lake and is a single story home on a 20 acre lot with
2,214 sq. ft. of space. He added that the last appraisal of the property was
conducted on April 10, 1981. Mr. Thompson stated he believes the market value
is not what the home would sell for and that the value has doubled since 1976.
The City Manager stated that the value of most homes in the City has doublet? since
1976. He added that by law the City Assessor is required to assess on the value
of property. The City Assessor pointed out that the valuation on Mr. Thompson's
- pr —erty in 1979 was $83,800, in 1980 it was $97,200, in 1981 it was $118,500,
and in 1982 it was $118,800. He stated that he believes the valuation on Mr.
Thompson's property is far_ below the market value of the property. Mr. Thompson
stated he would take his protest to the next step, that being, the County.
Mayor. Nyquist introduced the next inquiry, from Mr. Kenneth Wutschke, 7226 Perry
Court East, PID No. 28- 119- 21 -41-0163. Mr. Wutschke stated that the valuation
of his property at 7226 Perry Court East has increased from a valuation of $62,100
in 1981 to $77,100 in 1982 and that he believes this is a rather large increase.
The City Assessor noted that townhouses were raised by a percentage this year to
establish their valuation. IIe added that Mr. Wutschke's neighbor located at 7220
Perry Court East sold his unit for over $81,000. He added that the sale prices
in the Creek Villa's Duvelopmont have been very stable. Mr- Wutschke stated he
believes his valuation is $5,000 yreater than his neighbor's valuation and his
neighbor has the same floor plan. Tho City Assessor .atated that the staff will
review Mr. Wutschke's prope r.Ly and stet up a reappraisal appointment for his property.
6 -7 -82 -4-
Mayor Nyqkvist iiL)- thy- next jn(piiry, from Kallileen A. Grisser, 1708 - 69th
Avent) ! PID NO.. 26-119-21-44-0079. He explained that apparently Mo. Grisscr
-pre:,ent eitrli(. in the moo, -tiriy 1.)uL t1 sly,? was not present now. The City
that the J)OMO at 3708, - 69t Avenue North was an expansion home
and was a property. He addod that in 1980 Ms. Grisser applied for
an al),it(--wont with tlir, Count_ y and the County approved the valuation of $48,000 in
3980 and that the property is still valued at $48,000. He stated that he would
rucominend the $413,000 valuation be reaffirmed.
The City Assessor stated that this concludes the in person inquiries for this
evening's meeting, but that a number of written protests will be entered into the
record from persons who could not be present at this evening's meeting. Mayor
Nyquist directed that the written protests be entered into the official meeting
record. Letters of protests were received from the following:
1. Prudential Insurance Company of America, James North and Freeway Boulevard,
PID No. 35-119-21-14-0004, 1982 value $3,900.
2. Prudential Insurance Company of America, 1600 and 1700 Freeway Boulevard,
PID No. 35-119-21-14-0011, 1982 value $1,570,900.
3. Prudential Insurance Company of America, 6820 Shingle Creek Parkway,'
PID No. 36-119-21-12-0002, 1932 value $2,638,200.
4. Prudential Insurance Company of America, 6840 Shingle Creek Parkway,
PID No. 35-119-21-21-0003, 1.982 value $2,245,300.
5. B & G Realty Incorporated, 6415 James Circle North,
PID No. 36-119-21-42-0003, 1.982 value $1,500,000.
6. Edwin W. Elmer, 6500 West River Road,
PID No. 36-119-21-13-0008, 1982 value $163,800.
The City Assessor stated that he will be meeting with a representative of the
Prudential Insurance Company of America this week to discuss the problems related
4L to the protested valuations. He stated he would recommend that the current values
be reaffirmed, pointing out that this action would protect the right of appeal of
the property owners to the next level. He added that he is awaiting information
from B & G Realty Inc. and Mr. Edwin W. Elmer regarding the valuations of their
properties.
Mayor Nyquist noted that the Board of Equalization meeting would be continued to
the June 14 City Council meeting and at that time the Board would review as many
properties as the staff can report on in time for that meeting. Mayor Nyquist
adjourned the Board of Equalization meeting at 8:40 p.m.
Clerk Mayor
6-7-82 -5-
BROOKLYN CENTER BOARD OF EQUALIZATION
PRE- REGISTRATION LIST
Name Address PID Ready to Appear Description of Problem
Kenneth --J. �B 571.5.__ €mers.ob Axe _ N. a1— � }8- -21 -2� -0017 Vaa-ue too b gh.
' *John Lescault 3507 - 62nd Ave. N. 34- 119 -21 -43 -0036 Value too high.
Clerk's Notice to Post and Publish — HC 1163
ASSESSMENT NOTICE
NOTICE IS HEREBY GIVEN, That the Board of Review of the City of
Brooklyn Center in Hennepin County,, Minn.
,
will meet at the office of the City Clerk, in sai City
a t- 7 : 00 o'clock �' • M., on
Monday , the Sixth day of June , 19 8 3 ,
for the purpose of reviewing and correcting the assessment of sai City
for the year 19 83 All. persons considering themselves aggrieved by said assessment or who
wish to complain that the property of another is assessed too low, are hereby notified to
appear at said meeting and show cause for having such assessment corrected.
No complaint that another person is assessed too low will be acted upon until the
person so assessed, or his agent, shall have been notified pf such complaint.
Dated this 9th day of May 1983 d '
Clerk o the City of Brooklyn Cente
ASSESSMENT NOTICE
CITY OF BRCOKLYN CENTER
NOTICE IS HEREBY GIVEN, That the Board of Review of the City of
Brooklyn Center in Hennepin County, Minnesota, will meet at the office
of the City Clerk in said City, at 7:00 o'clock p.m., on Monday, the
sixth day of June, 1983, for the purpose of reviewing and correcting
the assessment of said City for the year 1.983. All persons considering
themselves aggrieved by said assessment, or who wish to complain that
the property of another is assessed too low, are hereby notified to appear
at said meeting and show cause for having such assessment corrected.
No complaint that another person is assessed too low will be acted
upon until the person so assessed, or his agent, shall have been notified
of such complaint.
Dated the twelfth day of May, 1983.
Gerald G. Splinter
Clerk of the City of Brooklyn Center
Given under my hand this twelfth day of May, 1983.
/s/ Gerald G. Splinter
City Clerk
City of Brooklyn Center
(published in the Brooklyn Center Post on May 12, 1983)
AVERAGE HOMESTEAD PROPERTY TAX 1974 -1983
CITY OF BROOKLYN CENTER
NET TAX DOLLARS $
900 - - - -- _— - -__ — — — - - -- — - - -- -- —_— - - ---�
i
850
i
750 _ __ _ — .. _ _ - — _ - . __ _ __ _ .___._....__.__ _._._----- _--- _--- ..----- - -____ --- .---- _ —_._�
700
s
650 — — — — — — _ _. _.. -- _ -----
600
550
500
450 !-- _ __ -• _ _ _ _ ___ — _ ._ _. �____._ —� __ _ _ _ -— _ — -- _ _ _ -__ _..___ ------- - - -.._ _.__ - - - -_ -- —_ _..._._. _.___- - - - - --
400
350
1974 1975 1976 1977 1978 1979 1980 1981 1982 1983
YEAR
►'i'♦'i ►'i'i'i �-�-�-� ►'i'♦'i -�-� -�
��'i � ♦� �♦♦� �Oi� ► ♦� ►Dig
i♦ i, ii ♦i i ♦ii iiii, i ♦'i'i ii i, iii iii ii' � iii
IVA
N ,.
CITY OF BROOKLYN CENTER
PROPERTY TAX LEVIES - 1982 vs. 1983
1982 Levy 1983 Levy % Change
City $ 3,035,702 $ 3,202,958 + 5.5 %
County $190,416,002 $205,991,637 + 8.2 %
School Dist.
11 $ 25,381,985 $ 28,451,634 +12.1 %
279 $ 16,265,634 $ 20,851,787 +28.1 %
281 $ 29,084,774 $ 33,877,405 +16.5 %
286 $ 2,209,727 $ 2,790,688 +26.3 %
APPRAISAL
OF
4811 - 69th Avenue North /PIDr 33- 119 -21 -11 -0030
FOR
BROOKLYN CENTER
1983 BOARD OF EQUALIZATION /DENNIS PETERSON
CITY
FROO 6301 SHINGLE CREEK PARKWAY
BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561 -5440
EN 'TE R EMERGENCY POLICE — FIRE
911
June 6, 1983
To: The Brooklyn Center Board of Equalization
The Dennis Peterson.property at 4811 - 69th Avenue*North, Brooklyn Center,
has not been reviewed for the purposes of the Board. The home was last
inspected on November 2, 1982 during the quarter reviewals. This appraisal
is made from that inspection to determine if the Market Value of $70,900 is
correct for the 1983 Assessment.
The property is a 1950 Rambler -style home situated-on 2.standard lots on
the south east corner of 69th and Perry Avenue North, The main level
consists of 3 bedrooms, living room, kitchen and 1 full bath. The basement
has a finished recreation room of fair quality. There is a double detached
garage. All features are standard for a 1950 structure.
It is the opinion of the appraiser, that upon reviewal of several comparable
sales (there is a tear sheet listing of 3 comparables attached), the
Market Value as of January 2, 1982 was $71,000.00 (Seventy One Thousand
Dollars),
Recommendation To lower 1983 Assessed Value from $70,900 to $66,000. This
reduction is to maintain a fair level of assessment.
'oseph DaBruzzi C. M.
Appraiser
City of Brooklyn Center
"'71e .So eet� 7fZ one „
DENNIS PETERSON
4811 - 69th Avenue North
PIN 33- 119 -21 -11 -0030
Subject - Comp. #1 Comp. #2 Comp. #3
4811 - 69th 6718 Scott 6913 Toledo 6927 Brooklyn Blvd.
Year Built 1950 - - -- 1955 (1100) 1959 (1600) 1953 ( 500)
Square Footage 1100 - - -- 922 8100 1000 4600 928 7900
Through Traffic Yes - -- No (1700) No (1600)(H /F)Yes 1000
Garage 624 - - -- 528 800 308 2800 522 900
Basement Finish 2 ?5 - - -- 520 ( 800) 530 ( 800) 300 ( 200)
No Basement 216 - - -- - - -- ( 900) - - -- ( 900) 112 (,400)
Lot(s) 2 - - -- 1 12000 1 12000 1 12000
X -tra Baths No - - -- z .(1100) 3/4 (1500) No - - - --
CAC No - - -- No - - - -- No - - - -- No - - - --
Sale Date 12/15/82 - - - -- 3/16/82 1900 1/21/82 2100
Terms FHA (1400) FHA (1300) GI (1500)
Sale Price 58000 55000 50000
Subject M.V.(From 70900
Assessment
Roll )
Adjusted M.V. 71000 71900 68600 71300
-r,
i s
I
Year Built 1950
Style Rambler
Address 4811 - 69th Avenue N orth (Subject)
Sale Price -- ----- ------
Sale Date ------- - - - - --
1st Floor Square Feet 1100
Price Per Square Foot - - - - -- No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 Full
Finished Basement: 4 X k 3/4
Garage: Sgl Dbl X Att'd Deta X T.U.
T
p .
f ryY•
`a
Ar
Year Built 1955
Style Rambler
Address 6718 Scott (Comp. #1)
Sale Price $58,000.00
Sale Date 12/15/82
1st Floor Square Feet 922
Price Per Square Foot $69.91 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 1 3/4 Full
Finished Basement: 4 X 3/4
Garage: Sgt Dbl X Att'd 'X Deta ' T.U.
--- �,,[is-low
Year Built 1959
Style R ambler
Address 6913 Toledo (Comp. #2)
Sale Price $55,000.00
Sale Date 3/16/82
1st Floor Square Feet 1000
Price Per Square Foot $55.00 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 1 Full
Finished Basement: X 3/4
Garage: Sgl X Dbl Att'd X Deta T.U.
. 4
i
a
If
.Year Built 1953
Style Rambler
Address 6927 Brooklyn Boulevard (Comp. #3)
Sale Price $51),000.00
Sale Date 1/21/82
1st Floor Square Feet 928
Price Per Square Foot $53.88 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: i 3/4 Full
Finished Basement: 4 X 3/4
Garage: Sgl Dbl X Att'd X Deta T.U.
APPRAISAL
OF
3507 - 62nd AVE. - 34- 119 -21 -43 -0036
FOR
BROOKLYN CENTER
1983 BOARD OF EQUALIZATION /JOHN LESCAULT
CITY
OF 6301 SHINGLE CREEK PARKWAY
AY BROOKLYN CENTER, MINNESOTA 55430
R u "
TELEPHONE 561 -5440
U E N TER EM ERG ENCY- POLICE -F IRE
561 -5720
June 3, 1983
To: The Brooklyn Center Board of Equalization
The John Lescault property at 3507 -62nd, Brooklyn Center was reviewed by
the writer on June 3, 1983 to determine if the Market Value of $57,800 is
correct for the 1983 Assessment.
Upon inspection, the above mentioned property, a 1955 Rambler type home, was
found to be in average condition. The main level consists of 3 bedrooms,
living room, kitchen and 1 bath. All areas of the main level are considered
to be average construction for a 1955 structure. The basement is concrete
block with poured floor. There is a partial recreation room consisting of
a divider wall, carpeted floor and ceiling tile, this comprises approximately
50% of the available space. The exterior of the home is wood frame with
stucco siding, asphalt shingled roof and standard double hung windows. The
garage is a single car attached structure with concrete floor.
This home does not have city water hooked up or available. Brooklyn Center
Engineering has advised us this cost would be $3610.00.
It is the opinion of the Appraiser, that upon review of several compabie
sales (there is a tear sheet listing 3 comparables attached), the Market
Value as of January 2, 1983 was $58,500.00 (Fifty Eight Thousand, Five Hun-
dred Dollars).
Recommendation: Reduce 1983 Market Value to $54,200.00 (Fifty Four Thousand,
Two Hundred Dollars). This recommendation reflects the change in land value
I �
due to lack of water service.
Joseph DaBruzzi, C.M.A.
Appraiser
City of Brooklyn Center
s
• ' • 7fe .�xjNCetlu�r� �Zaze
JOHN LESCAULT
3507 -62nd Ave.
PIN 34- 119 -21 -43 -0036
Subject lComp. #1 Comp. #2 Comp: #3
3507 - 62nd 3201 - 62nd 6206 Brooklyn Blvd. 3812 - 62nd
Year Built 1955 1958 1956 1960 (1200)
Square Footage 976 - - -- 976 - - -- 976 960 - - --
Basement Finish 244 - - -- 330 - - -- 150 - - -= No 700
Garage 308 - - -- 528 (1000) 308 - - -- 308 - - --
Water Service No - - -- Yes (3600) Yes (3600) Yes (3600)
Fireplaces None - - -- 2 (1400) None - - -- None - - --
Through Traffic No - - -- No - - -- Yes 1800 No - - --
X -tra Baths No - - -- 2 x:(600) '' -2 (600) No - - --
� 5/07/82 Sale Date 11/22/82 600 2400 10/01%82 1100
Terms FHA (1500) C (3000) FHA (1500)
Sale Price 63900 61900 62900
Subject M.V.(From 57800
Assessment
Roll )
Adjusted M.V. 58500 56400 58900 58400
J.
i..
I it
Year Built 1955
Style Rambler
Address 3507 - 62nd Ave. No. (Subject)
Sale Price --------------- - - - --
SaleDate --------------------
lst Floor Square Feet 976
Price Per Square Foot - -- -- No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 Full
Finished Basement: ;; k X 3/4
Garage: Sgl X Dbl Att'd • X Deta T.U.
rt v e.
F
Year Built 1958
Style Rambler
Address 3201 - 62nd Ave No (Comp. #1)
Sale Price $63,900.00
Sale Date 11/22/82
1st Floor Square Feet 976
Price Per Square Foot $65.47 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two X
Central Air Conditioning: Yes No X
Extra Baths: 1 3/4 Full
Finished Basement: a X ;z 3/4
Garagez Sgl Dbl X Att'd Deta X T.U.
L
t
Year Built 1956
Style Rambler _
Address 6206 Brooklyn Blvd. (Comp. #2)
Sale Price $61,900.00 -
Sale Date 5/7/82
1st Floor Square Feet 976
Price Per Square Foot $63.42 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 1 3/4 Full
Finished Basement: X 3/4
Garage: Sgl X Dbl Att'd X Deta T.U.
r.J
t
t
w r �
�M
Year Built 1960
Style Rambler
Address 3812 - 62nd Ave. No. (Co # 3)
Sale Price $62,900.00
Sale Date 10/1/82
lst Floor Square Feet 960
Price Per Square Foot $65.52 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 Full
Finished Basement: 3/4
Garage: Sgl X Dbl Att'd Deta X T.U.
APPRAISAL
OF
5715 EMERSON /PID# 01- 118 -21 -23 -0017
FOR '
BROOKLYN CENTER
1983 BOARD OF EQUALIZATION /KENNETH J. BENTZEN
CITY
O 6301 SHINGLE CREEK PARKWAY
FROOK 'LYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561 -5440
GEN YTER EMERGENCY — POLICE - FfRE
911
June 1, 1983
To: The Brooklyn Center Board of Equalization
The Kenneth J. Bentzen property at 5715 Emerson, Brooklyn Center was
reviewed by the writer on May 18, 1983 to determine if the Market Value
of $56,200 is correct for the 1983 Assessment.
Upon inspection, the above mentioned property - a 1953 14 Expansion -type
home - was found to be in average to good condition. The main level
consists of living room, kitchen, 2 bedrooms and_l full bath. The kitchen
has had an addition of cupboard space since built, the walls are plaster
construction with softwood trim and hardwood. floors, other than the kitchen
which has linoleum floors and bath which has ceramic tile. The expansion
area is unfinished, but had had additional insulation added. The basement
is concrete block with poured floor. There is a recreation room finished
with paneled walls, ceiling tiles, and tile floor. This area is approxi -
mately 50% of the available space; there is also a 2 fixture bath of average
quality in the basement. The home is heated with a gas fired forced air
system. The elctrical service is standard in the eyes of the writer.
The exterior of the home is wood frame construction with masonite siding,
a standard gable roof with no dormers with asphalt shingles. Windows are
the standard double hung type. The garage, again is an average construction
single car garage with concrete floor, wood frame construction, overhead
door, masonite siding and asphalt shingled roof.
It is the opinion of the appraiser, that upon review of several comparable
sales (there is a tear sheet listing of 3 comparables attached), the market
value as of January 2, 1983 was $65,000.00 (Sixty Five Thousand Dollars).
Recommendation No Change in 1983 Valuation.
� oseph DaBruzzi, C.M.A.
Appraiser
City of Brooklyn Center
il '74 Beet None ,.
I
KENNETH J. BENTZEN
5715 Emerson Avenue North
PID# 01- 118 -21 -23 -0017
Subject. Comp. #1 Comp. #,2 Comp. #3
5715 Emerson 809 -.56th 5531 Emerson 5700 Humboldt
Year Built 1953 - - -- 1953 - - -- 1935 2900. 1938 3300.
Square Footage 848 - - -- 880 ( 400) 660 2300. 1008 (2000)
Basement Finish q 424 - - -- None 1500 None 1500 None 1500
X -tra Baths 1 2 - - -- z - - -- None 1100 None 1100
Expansion Area Finish none Yes (12ob) Yes (1000) ;None
Garage 1 352 - - -- 280 400 280 400 420 ( 400)
Fireplaces None - - -- None - - -- None - - -- alone - - --
Porch 4 None - - -- None - - -- GA 164 (1600) None - - --
Through Traffic No - - -- No - - -- No - - -- Yes 1700
Sale Date 6/25/82 1900 9/21/81 2800 6/01/82 1900
Terms GI (4000) Assume C/D
Sale Price 67900 57500 57000
Subject M.V.(From 56200
Assessment
Roll )
Adjusted M. V. 65000 66100 65900 64100
n
I
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n
.Year Built 1953
Style 14 Expansion
Address 5715 Emerson (Subject)
Sale Price ----- -- -- --
Sale Date --- -- ------
1st Floor Square Feet 848
Price Per Square Foot - - - -- No. of Rooms 4 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: z 1 3/4 Full
Finished Basement: 4 X 3/4
Garage: Sgl X Dbl Att'd Deta X T.U.
�!" '1 - 1. •Y►.tl
ti` si
,T
Year Built 19
Style 1, Expansion
Address 809 - 56th (Comp. #1
Sale Price $67,900.00
Sale Date 6/25/82
lst Floor Square Feet 880
Price Per Square Foot $77.16 No. of Rooms 6 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: z 1 3/4 Full
Finished Basement: 4 3/4
Garage: Sgl X Dbl Att'd Deta X T.U.
y _
r � r
r
n
� 1
Year Built 1935
Style 1, Expansion
Address 5531 Emerson (Comp. #2)
Sale Price $57,500.00
Sale Date 9/21/81
1st Floor Square Feet 660
Price Per Square Foot $87.12 No. of Rooms 6 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: z 3/4 Full
Finished Basement: 4 z 3/4
Garage: Sgl X Dbl Att'd Deta X
-E
i
Year Built 1938
Style 14 Expansion
Address 5700 Humboldt (Comp. #3)
Sale Price $57,000.00
Sale Date 6/1/82
1st Floor Square Feet 1008
Price Per Square Foot $66.46 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 2 3/4 Full
Finished Basement: 4 2 3/4
Garage: Sgl Dbl X Att'd Deta X T.U.
a. r. c.rx „ 7. a: •R t f T .a i a , ri Yf.. . .. . .., t
UF 1•iC }TEI.. AC:(.OUN 1'S FORMA 1'
L.UCA I I ON T1INNEa-1'r OL.. •£ 3 NO F1x11.. ): UY INN
I�IC Itu .. _.... __ -- x ..--*YEAR TO DATE * -------------
!y 1 1413 YEAR l...{'aST YEAR R 'T'H:L' a YEMN l...As r YEAR
Ai•ii:1%;.1N I PER AMOUNT ! c:I AMOUNT I''UR AiTL7UNT t 'LC
#A FIXEr) CHAR43ES 2
501 F'FNT e3o.- .6% 62.!))64° 2-IX "70.647- :..
+ 502 IN F.REST 29m332- 1:4.8% 30,125 11 02% 300,250.. 10.6Y> 316,320 10.'
'M x:03 T FF'RITCT ATION .rift T 72— 16.39 Z..i T E:;3— 12.0% 342049- 110.2% 312,013- IQ.
1 E^' rsc , ti:GSJIF'i•'SE:N T I. Fl•1RE 2075- 113X 1 , 062 - . ; 22 p U23 - . C3% 0;301
'STOTAU FXXEr; C:HGl1:I:ES 64p213- 28,09 66,710•- 24.7X 736,086- 25.4X 707.781 24.`.
MFT T NCOMF 3si :FORF 1'AXFfi , r•'F EaJPLN T N
AND OTHER GAINS AND /OR L.UcSi : 6706 2v 0 00,0. 51.1. u. :.l5 4 -- 13 41 `•i', 14Ci.- 14.5% 261 o259 — '
f _
60 t L'XPE'W')!E`-'► 4 10% V ,;
602 01 HER C3ATNG Aid }"f /OR LOS S 0 .0% t? f0% 0 *ox 0
}
NEV xNCOME B F"ORF TAXES 6 t 6040.. 29 ,59 35 o 554- 13.2 % 419 . t 748 - 14.5% 2 60259 - 9 . 1
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4V7 �a � $�� � �l � -- per° � b�'' �.°'� �;r° ___- ___ —��' ✓,, __ �-�.Q� -- j..
"33 -3/ s
/40 I _ y
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PROPERTY - LOCATION - I. D. NUMBER ,� /
PROPERTY'' TYPE: AGE: r99',<
BUILDING DATA: f±/E2L
GROSS AREA: ZG� RENTABLE AREA: G✓ EFFICIENCY:
ASSESSMENT DATA: YEAR FULL VALUE ASSESSED AT:
L. RATIO
I: T: L: I: T:
INCOME AND EXPENSE DATA
OCC. RATE a4,3 1988/ OCC.RATE 1987 OCC.RATE �s % 198.3 N 0 T E S
TOTAL INCOME 3y 8Z5j Uzi 7
EXPENSES:
Cleaning
Utilites
eon
Gnl .Optg.
R & M r7p�/� �sE 12,0
Admin. ar.zr7 _._
Insur. —
k
Total Exps. N/I R.E.T.
Debt Svc, Depr, Cap.Imprs.
Net -5"G ;7' o7z
Cap. Rate � — � �
Eff. Tax Rate
Total Cap. Rate
Indicated Value - �� z7G.3o ��•'zca
Assmt. Ratio X % X % X
Indicated Assessed
Value
Table N Commitments of $100,000 and Over on Multifamily and Nonresidential Mortgages
Made by 20 Life Insurance Companies
Purpose of the Mortgage, Fourth Quarter, 19
Averages _ Percentage
Distribution
No. of Amount Loan Interest Interest Loan / Capitaliza- Debt Percent Maturity by loan
Purpose of Loan Loans Committed Amount Rate Rate Value tion Rate Co verage Con stant (Years /Months) b # amount
($000) ($000) (by /) (by $)
Repay construction loan and
provide permanent financing 65 827,941 12,738 13.43% 13.56% 66.4% 11.4% 1.32 13.8% 12/8 25.0% 38.8%
Construct the property and
provide permanent financing 6 40,655 6,776 12.97 12.98 53.0 11.3 2.75 13.0 9/0 2.3 1.9
Purchase of new property 33 224,783 6,812 13.19 13.03 71.2 - 11.8 1.22 13.7 9/1 12.7 10.5
Purchase of existing property 141 950,920 6,744 13.21 13.15 68.3 11.6 1.27 13.7
8/2 54.2 44.6
Refinance 12 53,090 4,424 12.97 12.50 63.4 10.8 1.32 13.2 7/10 4.6 2.5
Property improvement 1 23,000 23,000 * * * * * * * 0.4 1.1
Miscellaneous 2 11,700 5,850 * * * * * * * 0.8 0.5
TOTAL 260 2,132,089 8,200 13.26 13.30 67.6 11.6 1.30 13.7 9/6 100.0 100.0
*Data not shown for a limited number of loans.
Note: Loan ratios are affected by equity interests in connection with some loans; see Table 3. Averages for capitalization rate, debt coverage ratio,
and percent constant may represent a fewer number of loans than the total for the specified category. Averages for interest rate are based on 247 loans.
Table L Commitments of $100,000 and Over on Multifamily and Nonresidential Mortgages
Made by 20 Life Insurance Companies
Property Type, Fourth Quarter, 1982
Averages Percentage
Distribution
No, of Amount Loan Interest Interest Loan/ Capitaliza- Debt Percent Maturity by loan
Prop Type Loans Committed Am ount Rate Rate Value tion Rate Co verage Constant (Years /Months) amount
($000) ($000) (by P) (by $) - - -
Apartment (conventional) 34 152,600 4,488 13.13% 13.182 65.4% 11.4% 1.30 13.4% 9/4 7.2%
Elevator 7 26,500 3,786 13.64 13.59 58.2 11.5 1.43 14.4 9/1 1.2
Nonelevator 27 126,100 4,670 12.99 13.09 67.3 11.4 1.26 13.1 9/5 5.9
Retail - less than 5 stores 1 1 11090 * * * * * * * 0.1
Shopping center - 5 or more
stores 26 152,603 5,869 13.15 12.79 68.6 12.2 1.36 13.9 8/6 7.2
Supermarket 2 28,538 14,269 * * * * * * * 1.3
Office building 123 1,485,117 12,074 13.24 13.32 69.3 11.6 1.31 13.6 10/1 69.7
Commercial warehouse 15 53,970 3,598 13.24 13.45 69.4 11.4 1.21 13.7 8/0 2.5
Other commercial 1 23,000 23,000 * * * * * * * 1.1
Social and recreational 1 2,000 2,000 * * * * * * * 0.1
Industrial warehouse 43 106,736 2,482 13.23 13.12 65.8 10.8 1.26 13.5 8/1 5.0
Other industrial 10 91,835 9,184 13.04 12.71 60.0 12.2 1.24 14.5 9/8 4.3
Hotel 3 32,500 10,833 15.38 15.30 61.6 14.1 1.43 15.9 10 /8 1.5
Motel 1 2,100 2,100 * * * * * * * 0.1
TOTAL l/ 260 2,132,089 8,200 13.26 13.30 67.6 11_6 1.30 13.7 9/6 100.0
*Data not shown for a limited number of loans.
l/ Interest rate was not available for all loans (13 loans in the amount of $67 million).
Note: Loan ratios are affected by equity interests in connection with some loans; see Table 3. Averages for capitalization rate, debt coverage
ratio, and percent constant may represent a fewer number of loans than the total for the specified category.
i
Table L Commitments of $100,000 and Over on Multifamily and Nonresidential Mortgages
Made by 20 Life Insurance Companies _
Property Type, Year, 1982
Averages Percentage
Distribution
No. of Amount Loan Interest Interest Loan/ Capitaliza- Debt Percent Maturity by loan
Property Type Loans Committed Amount Rate Rate Value tion Rate Coverage Constant (Yea /Months) amount
($000) ($000) (by 0) (by $)
Apartment (conventional) 83 333,841 4,022 13.941 13.951 63.7% 11.5% 1.31 14.4% 8/5 6.91
Elevator 15 57,525 3,835 14.46 14.72 52.6 10.8 1.46 15.0 8/1 1.2
Nonelevator 68 276,316 4,063 13.82 13.77 66.1 11.6 1.27 14.2 8/6 5.7
Retail - less than 5 stores 6 8,754 1,459 15.26 15.30 71.2 13.8 1.26 15.5 4/8 0.2
Shopping center - 5 or more stores 56 309,480 5,526 14.15 13.61 66.1 12.4 1.38 14.6 10/0 6.4
Supermarket 9 44,088 4,899 16.77 16.35 91.7 16.0 1.00 18.0 21/1 0.9
Automobile sales and service 3 3,800 1,267 17.40 17.40 98.4 17.1 - - 25/0 0.1
Office building 320 3,328,905 10,403 14.25 13.99 67.6 12.2 1.33 14.6 12/10 68.9
Medical office building 2 12,575 6,288 * * * * * * * 0.3
Parking garage 1 20,000 20,000 * * * * * * * 0.4
Commercial warehouse 23 71,567 3,112 13.91 13.64 70.1 12.0 1.21 14.3 7/10 1.5
Other coaenercial 3 37,250 12,417 14.56 14.32 65.7 11.3 1.19 14.8 15/0 0.8
Educational 2 3,550 1,775 * * * * * * * 0.1
Hospital and institutional 1 921 921 * * * * * * * **
Social and recreational 1 2,000 2,000 * * * * * * * **
Industrial warehouse 104 238,520 2,293 14.41 14.05 64.9 11.4 1.25 14.7 7/4 4.9
Manufacturing plant 1 1,400 1,400 * * * * * * * **
Other industrial 31 171,277 5,525 14.05 13.29 67.5 12.7 1.23 14.8 16/1 3.5
Hotel 15 211,889 14,126 15.64 14.87 59.1 14.0 1.66 16.0 10/2 4.4
Motel 9 27,875 3,097 17.22 17.25 44.2 14.3 1.82 17.8 10/9 0.6
Multiple property complex 1 760 760 * * * * * * * **
TOTAL 671 4,828,452 7,196 14.36 14.04 66.5 12.2 1.33 14.7 11 /1 100.0
*Data not shown for a limited number of loans.
* *0.05 percent or less.
l/ Interest rate was not available for all loans (42 loans in the amount of $173 million).
Note: Loan ratios are affected by equity interests in connection with some mans see Table 3. Averages for capitalization rate, debt coverage
ratio, and percent constant may represent a fewer - number of loans than the total for the specified category.
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BROOKLYN CENTER BOARD OF EQUALIZATION
REQUEST FOR REVIEW
Address PID Home Phone # Daytime Work Phone # Description of Problem
1
,M ' i.. ii C(` - i ':i (:1, i + ^ti t+ . i`1 ► {'�, \L- r S' �! i. > itJ ! , +.�1 .1. i t :t il3! (� 1
_.._ ................... . .._... _.. ,PER --------- it ---- *YEAR TO DATE * - - -- ---------
'T lIO Yi::AF-',' L T 'i LAR M IS YEAR LAST YEAR
,S ;t 31.;i '(' 6'l::S; f' mt 31.1 i'IL":F AMOUNT f 'F_:F {'tMOLJN - i i'E�h
ROOMS AVATLAPL F r' . :'i S.UU . 0:4 7 loo . U% 00,444 100.0% X30, 000 loo n%
t'; "'' RC3l:iMS OCCUPIED ::c'.:>7% 40on .".:6<0/ 43,111 ::i3,6% 49,110 611all>
t`. `-;: AVERAG3! T.IA T i_.Y RATE 3T.91 31.6 7 W42 3 4.3 - :'
REVENUES >
1<)i. [ :t ! l;3,;a::'2 4'i a5X- I'Z 9,024 5116% 1,6 7.1% 10=8 58.0
i ` 2 FOO CJ ,.S2 l.i 1 2"ii ' C 3.2 1 30 1 Ax f :1�, • f OJ 2 (a s 1 22 • 7 L7 13 ,. e06 26.",
:i 0'3 PFl}FRAG 40,601 i747% 02,196 :l 016% 377,566 131 0% 361,900 12,
r ;
G4• 1',`'-1.Efi'1_tt t1 : 6,221 2. 71 3 1 774 1. =4% 6a,007 2.3% 5 6,901 210".
L
. C)5 FZf�i`d , 1+111. AND U•T't-4t=.F�_ J: is(" :;5:1,5,1 SSG- <_..,i4 ..., as ;c, Z. o Can, ...c3 115.:5.:. 1 «
TOTAL- 22 v a tiv i :1. O % 270,228 100 2,099, 100.0% 2,907,0 IOC} . 0
L +E 1'1`F;Tfili::i+iTfit..
CO AND FXi= 'l::i\l: F.S t
70 ROOMS 4ii , t):J.... �.z`::;.::: 50, 36 .:f, 53 1 , 6w2• - 32.1Z 535 > 541 -- 3 a .,
F ()OD 02 5S . 673,467- OO M 714,924- 3 . Q
2 B._.'1f-'RF•,l:.ir 24,721 60. 8% 20,046— 66.j% 275,z25— t'.:.. yl 275,292 74-W
,_fig TFLFRHONF. 7 41 72- 2,572- C.f3. l e WOOD- OD- 81 . • X 51,078- 93.: ,.
TOTAL. DE° lfi`f MENI f11.. ros i 1:�u , ��'t 4•••. :' il. . 3 : 1',i:S > 4'r 06 iS 1,:;3 5, 712•- M 09 10 , c341- 54
CsF'Eh7;T7ttG F`FiC3FIT 1001 0•r£3 43.7:6 1160 50 4: ,2 1063,573 47.09 1,329`OO4 45.7;
t. NDI STRTE+UTF:I: OPF RAT:fN FXh'i - Sf—:G 'o
i (tr+3 INISTR.,iTTVF Adis OFtti!° N !• "i .6% ':;,773 -• 2 .1% 97, 3.436 77, 300 -- 2.
7? i`2AAdA+: �E iUN FE_r"`z 11 , :l. ti:ry rY : ox 13, OS4-- 4.99. 130,32S- 4.8X 140,173- 4 ♦ `.
. J j ^ Y01 1, 1 5/. 4,106 1 1 5% 49,692 1 . " 7% 50,63 1. j ..
71,E €. %%L';_R AND SALE REP, :ivy541° -. 6311/1 16 6 1O% 199,155 6,9,% 1 5,780 - -•
5 UTILITIES ":';.0 t 5:).62 - -- 10.41 20,36U- 715% 197 618°X1 145,789- 5.0'',
' ?! REPAIRS AND MATNTEN' *)NCIF ': , 0. ;0 - u. i'F. 9 3 69 162009- 5, 6% 154,154- 5 ,1 ; <>
TOTAL t1;`:.' 1 TRTBUTED EXPENSES 9&511- 36.2X 69 , :F'-'• 0-- 2`5 * 6% 846,010- �', 9 * 2% 713,241- 24.0'.
GROSS OPERA PROFIT 17,OOZ 7.5. 40475 17.6". 5160x5 17,8% 615,163 21.22
t 31 SNS(iF:s^NCF• 1 , zos-.. *6% 720- 1 3% 15018- M 13,264- ♦ ttl.
1 191173 -• 8* 49 :5::5,:`591- WWI 1650 59•-- 6,$Y. 155077- 510%
r! c'i? F`it'L7t- 'E.h�fY TAXES
TOTAL. 2:0 , 4 8 , 99 16,319- 6101E 200,417- 6.934 168 , 6A 1- 510;
NET OPERATING PROFIT :S, 35•''S - 1.5y. 31 ,156 11M, 310338 1 O .9x 446 s 5 2 1 v . m%
U?-' HOT O..
/ firt.:C:1 ?E;h!
l
i. oc r 1 ION
r / Tk
T L
FIXED CHt�ROES
5 .J A ".JCiti:7 2. Wi .. .0 6 2 • Z0 W. a
7.0:� T TIE RF`S;T 27,332 12 , GX 30,131- 1112% 300,750- 10.6Y 316,320- 10
463 nFPRECTATTOP „ f ,r' :_ 16+3:4 W T03 12.&X .� {4,._ >. ^s r- 1 1.3% 31,x. �:�s.3 <..
_: 4 M I SC . YQU I F-'MEN T LEASES .. 0 113% 62 - 8% 0.30
VO TAl. F:(XETs CHIRr.)ES 64 2810% 6 6, 7 10- 2 736}006- 25.4% 7U7. (G3- 2
AFT TrJCG!"f- T:i :FORF 1'AXF. A r' Ri- - :FJf'i" - N i:NC')
6Nr + /i:1E =: L.L1tiw;F::-+ 41'r' "I 1 � 1 S r.:..i, 439,746- 14.3% 2 61,259-
F,�7 ! T' 1- ,t_:G1"'E;'NIhtG L`Xr •F.�!`;1 °�i t. , fJ % 'J . �:: U > 0% U
h•O�� 0'f HEv, n( -,T js Ao7:t/(l1'.< I..os s?I.:;a C) .U1 ti .Uio U .O U ,
NE I' INCOME BlF= :FORF TAXES 61 ,604- 29 , 5%. 35034- • "". 34-•- 13 4 29 419,74S- 14.5X 261,259-
4
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AVERAGE HOMESTEAD PROPERTY TAX 1974 - 983
CITY OF BROOKLYN CENTER
NET TAX DOLLARS S
s
850
Boo
750 — , — _ —• — — — — - - -- _ — -- -- _ — ---- —
1
i
700 — _ _ _ .— _. _.♦ _ —.. — — —. _ — . - -_.. _ ____— ._.__— _� —.__
650
600
s ,
550 _ — — — — — - - -- - - -- — — — — — - -- -- — - --
500 0-- - - — — — — — _ _. -- - -• .— — — — — -- -- — — -- _ __ —»—=
1 • . 5
450
400
L
i
350 _ .. _. _ _ -- • — _ . _._ _ —.__ . ____._ ___. ___-- .----- __.__. -__- - -. -- ..____.____._
300
1974 1975 1976 1977 1978 1979 1980 1981 1982 1983
YEAR
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CITY OF B ROOKLYN CENTER
PROPERTY TAX LEVIES - 1982 vs. 1983
1982 Levy 1983 Levy % Change
City $ 3,035,702 $ 3,202,958 + 5.5 %
County $190,416,002 $205,991,637 + 8.2 %
School Dist.
11 $ 25,381,985 $ 28,451,634 +12.1 %
279 $ 16,265,634 $ 20,851,787 +28.1 %
281 $ 29,084,774 $ 33,877,405 +16.5 %
286 $ 2,209,727 $ 2,790,688 +26.3 %
WELCOME
Please know that these Park rules are enforced for your safety and
enjoyment.
ALCOHOLIC BEVERAGES, GLASS BEVERAGE CONTAINERS, MOTORIZED VEHICLES,
GOLFING, UNLEASHED PETS, AND LITTERING ARE NOT PERMITTED.
It is also unlawful to
DAMAGE OR REMOVE PROPERTY, TAMPER WITH OR FRIGHTEN ANY WILD CREATURE,
SWIM IN OR SKATE ON ANY STREAM OR POND.
The City of Brooklyn Center
Thanksyou for your cooperation
WELCOME
Please know that these Park rules are enforced for your safety and
enjoyment.
ALCOHOLIC BEVERAGES, GLASS BEVERAGE CONTAINERS, MOTORIZED VEHICLES,
GOLFING, UNLEASHED PETS, AND LITTERING ARE NOT PERMITTED.
It is also unlawful to
DAMAGE OR REMOVE PROPERTY, TAMPER WITH OR FRIGHTEN ANY WILD CREATURE,
SWIM IN OR SKATE ON ANY STREAM OR POND.
The City of Brooklyn Center
Thanksyou for your cooperation
e
APPRAISAL
OF
4811 - 69th Avenue North /PID#t` 33- 119 -21 -11 -0030
FOR
BROOKLYN CENTER
1983 BOARD OF EQUALIZATION /DENNIS PETERSON
CITY
OF 6301 SHINGLE CREEK PARKWAY
RFLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561 -5440
ENTER EMERGENCY— POLICE —FIRE
911
June 6, 1983
To: The Brooklyn Center Board of Equalization
The Dennis Peterson property at 4811 - 69th Avenue Brooklyn Center,
has not been reviewed for the purposes of the Board. The, home was last
inspected on November 2, 1982 during the quarter reviewals. This appraisal
is made from that 70 900 is inspection to determine if the Market Value of
P $
correct for the 1983 Assessment.
The property is a 1950 Rambler -style home situated on 2 standard lots on
the south east corner of 69th and Perry Avenue North. The main level
consists of 3 bedrooms, living room, kitchen and 1 full bath. The basement
has a finished recreation room of fair quality. There is a double detached
garage. All features are standard for a 1950 structure.
It is the opinion of the appraiser, that upon reviewal of several comparable
sales (there is a tear sheet listing of 3 comparables attached), the
Market Value as of January 2, 1982 was $71,000.00 (Seventy One Thousand
Dollars.
Recommendation To lower 1983 Assessed Value from $70,900 to $66,000. This
reduction is to maintain a fair level of assessment.
Joseph DaBruzzi, C. .A.
Appraiser
City of Brooklyn Center
"74 6ZO °`
n
DENNIS PETERSON
4811 - 69th Avenue North
PIN 33- 119 -21 -11 -0030
Subject Comp. #1 Comp. #2 Comp. #3
4811 - 69th 6718 Scott 6913 Toledo 6927 Brooklyn Blvd.
Year Built 1950• - - -- 1955 (1100) 1959 (1600) 1953 ( 500)
Square Footage 1100 - - -- 922 8100 1000 4600 928 7900
Through Traffic Yes - - No (1700) No (1600)(H /F)Yes 1000
Garage 624 - - -- 528 800 308 2800 522 900
Basement Finish 225 - - -- 520 ( 800) 530 ( 800) 300 ( 200)
No Basement 216 - - -- - - -- ( 900) - - -- ( 900) 112 ( 400)
Lot(s) 2 - - -- 1 12000 1 12000 1 12000
X -tra Baths No - - -- z (1100) 3/4 (1500) No - - - --
CAC' No - - -- No - - - -- No - - - -- No - - - --
Sale Date 12/15/82 - - - -- 3/16/82 1900 1/21/82 2100
Terms FHA (1400) FHA (1300) GI (1500)
Sale Price. 58000 55000 50000
Subject M.V.(From 70900
Assessment
Roll }
Adjusted.M.V. 71000 71900 68600 71300
Year Built 1950
Style Rambler
Address 4811 - 69th Avenue North (Subject)
Sale Price - ------------
Sal a Date - ------------
1st Floor Square Feet 1100
Price Per Square Foot - - - - -- No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 Full
Finished Basement: 4 X 3/4
Garage.: Sgl Dbl X Att'd Deta X T.U.
.Year Built 1955
Style Rambler
Address 6718 Scott (Comp. #1)
Sale Price $58,000.00
Sale Date 12/15/82
1st Floor Square Feet 922
Price Per Square Foot $69.91 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 1 3/4 Full
Finished Basement: 4 X 3/4
Garage: Sgl Dbl X Att'd X Deta T.U.
• i
1A
Year Built 1959
Style R ambler
Address 6913 Toledo (Comp. #2)
Sale Price $55,000.00
Sale Date 3/16/82
1st Floor Square Feet 1000
Price Per Square Foot $55.00 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 1 Full
Finished Basement: P X 3/4
Garage: Sgl X Dbl Att'd X Deta T.U.
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Year Built 1953
Style Rambler
Address 6927 Brooklyn Boulevard (Comp. #3)
Sale*Price $50,000.00 _
Sale Date 1/21/82
1st Floor Square Feet 928
Price Per Square Foot $53.88 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 Full
Finished Basement: 4 X 3/4
Garage: Sgl Dbl X Att'd X Deta T.U.
APPRAISAL
OF
3507 - 62nd AVE. - 34- 119 -21 -43 -0036
FOR
BROOKLYN CENTER
1983 BOARD OF EQUALIZATION /JOHN LESCAULT
CITY
OF 6301 SHINGLE CREEK PARKWAY
° BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561 -5440
C E N In- 1, EMERGENCY- POLICE -FIRE
1..�
561 -5720
June 3, 1983
To: The Brooklyn Center Board of Equalization
The John Lescault property at 3507 -62nd, Brooklyn Center was reviewed by
the writer on June 3, 1983 to determine if the Market Value of $57,800 is
correct for the 1983 Assessment.
Upon inspection, the above mentioned property, a 1955 Rambler type home, was
found to be in average condition. The main level consists of 3 bedrooms,
living room, kitchen and l bath. All areas of the main level are considered
to be average construction for a 1955 structure. The basement is concrete
block with poured floor. There is a partial recreation room consisting of
a divider wall, carpeted floor and ceiling tile, this comprises approximately
50% of the available space. The exterior of the home is wood frame with
stucco siding, asphalt shingled roof and standard double hung windows. The
garage is a single car attached structure with concrete floor.
This home does not have city water hooked up or available. Brooklyn Center
Engineering has advised us this cost would be $3610.00.
It is the opinion of the Appraiser, that upon review of several compable
sales (there is a tear sheet listing 3 comparables attached), the Market
Value as of January 2, 1983 was $58,500.00 (Fifty Eight Thousand, Five Hun-
dred Dollars).
Recommendation: Reduce 1983 Market Value to $54,200.00 (Fifty Four Thousand,
Two Hundred Dollars). This recommendation reflects the change in land value
due to lack of water service.
Joseph DaBruzzi, C.M.A.
Appraiser
City of Brooklyn Center
JOHN LESCAULT
3507 -62nd Ave.
PIN 34- 119 -21 -43 -0036
Subject Comp. #1 Comp. #2 Comp: #3
3507 - 62nd 3201 - 62nd 6206 Brooklyn Blvd. 3812 - 62nd
Year Built 1955 - - -- 1958 - - -- 1956 - - -- 1960 (1200)
Square Footage 976 - - -- 976 - - -- 976 - - -- 960 - - --
Basement Finish 244 - - -- 330 - - -- 150 -- No 700
Garage 308 - - -- 528 (1000) 308 - - -- 308 - - --
Water Service No - - -- Yes (3600) Yes (3600) Yes (3600).
Fireplaces None - - -- 2 (1400) None - - -- None - - --
Through Traffic No ___- No - - -- Yes 1800 No - - --
, X -tra Baths No - - -- 2 ((600) 2 (600) No - --
Sale Date 11/22/82 600 05/07/82 2400 10/01/82 1100
Terms FHA (1500) C/D (3000) FHA (1500)
Sale Price 63900 61900 62900
Subject M,V.(From 57800
Assessment
Roll )
Adjusted M.V. 58500 56400 58900 58400
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amiss
-Year Built 1955
Style Rambler
Address 3507 - 62nd Ave. No. (Subject)
Sale -Price --------------- - -- --
Sale Date --------------- -----
1st Floor Square Feet 976
Price Per Square Foot - - - -- No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 Full
Finished Basement: X 3/4
Garage: Sgl X Dbl Att'd 'X Deta T.U.
f �.
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Year Built 1958
Style Rambler
Address 3201 - 62nd Ave No (Comp. #1)
Sale Price $63,900.00 ~
Sale Date 11/22/82
1st Floor Square Feet 976
Price Per Square Foot $65.47 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two X
Central Air Conditioning: Yes No X
Extra Baths: 1 3/4 Full
Finished Basement: o X ;z 3/4
Garage: Sgl Dbl X Att'd Deta X T.U.
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6206 .
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Year Built 1956
Style Rambler
Address 6206 Brooklyn Blvd, (Comp. #2)
Sale Price $61,900.00
Sale Date 5/7/82
1st Floor Square Feet 976
Price Per Square Foot $63.42 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 1 3/4 Full
Finished Basement: X �2 3/4
Garage: Sgl X Dbl Att'd X beta T.U.
,
AWL' t
.Year Built 1950
Style Rambler
Address 3812 - 62nd Ave. No. (Comp. #3)
Sale $62,900.00
Sale Date 10/1/82
1st Floor Square Feet 960
Price Per Square Foot $65.52 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 3/4 Full
Finished Basement: 4 3/4
Garage: Sgl X Dbl Att'd Deta X T.U.
APPRAISAL
OF
5715 EMERSON /PI D #' 01- 118 -21 -23 -0017
FOR
BROOKLYN CENTER
1983 BOARD OF EQUALIZATION /KENNETH J. BENTZEN
CITY
OF 6301 SHINGLE CREEK PARKWAY
ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561 -5440
EN r"E EM ERGENCY POLICE - FIRE
914
June 1, 1983
To: The Brooklyn Center Board of Equalization.
The Kenneth J. Bentzen property at 5715 Emerson, Brooklyn Center was
reviewed by the writer on May 18, 1983 to determine if the Market Value
of $56,200 is correct for the 1983 Assessment.
Upon inspection, the above mentioned property - a 1953 14 Expansion -type
home was found to be in average to good condition. The main level
consists of living room, kitchen, 2 bedrooms and 1 full bath. The kitchen
has had an addition of cupboard space since built, the walls are plaster
construction with softwood trim and hardwood floors, other than the kitchen
which has linoleum floors and bath which has ceramic tile. The expansion
area is unfinished, but had had additional insulation added. The basement
is concrete block with poured floor. There is a recreation room finished
with paneled walls, ceiling tiles, and tile floor. This area is approxi-
mately 50% of the available space; there is also a 2 fixture bath of average
quality in the basement. The home is heated with a gas fired forced air
system. The elctrical service is standard in the eyes of the writer.
The exterior of the home is wood frame construction with masonite siding,
a standard gable roof with no dormers with asphalt shingles. Windows are
the standard double hung type. The garage, again is an average construction
single car garage with concrete floor, wood frame construction, overhead
door, masonite siding and asphalt shingled roof.
It is the opinion of the appraiser, that upon review of several comparable
sales (there is a tear sheet listing of 3 comparables attached), the market
value as of 2, 1983 was $65,000.00 (Sixty Five Thousand Dollars).
Recommendation No Change in 1983 Valuation.
Joseph DaBruzzi, C.M.A.
Appraiser
City of Brooklyn Center
"Ilse .SaHCetliur� � o�te �� ,•
KENNETH J. BENTZEN
5715 Emerson Avenue North
PID# 01- 118 -21 -23 -0017
Subject Comp. #1 Comp. #2 Comp. #3
5715 Emerson 809 - 56th 5531 Emerson 5700 Humboldt
Year Built 1953 - - -- 1953 - - -- 1935 2900. 1938 3300.
Square Footage 848 - - -- 880 ( 400) 660 2300. 1008 (2000)
Basement Finish i� 424 - - -- None 1500 None 1500 None 1500
X -tra Baths 2 - - -- 2 - - -- None 1100 None 1100
Expansion Area.Finish None - - -- Yes (1200) Yes (1000) None - --
Garage 352 - - -- 280 400 280 400 420 ( 400)
Fireplaces None - - -- None - - -- done - - -- None - - --
Porch 4 None - - -- None - - -- GA 164 (1600) None - - --
Through Traffic No - - -- No - - -- No - - -- Yes 1700
Sale Date 6/25/82 1900 9/21/81 2800 6/01/82 1900
Terms GI (4000) Assume C/D
Sale Price 67900 57500 57000
Subject tai. V. (Fron 56200
Assessment
Roll )
Adjusted M. V. 65000 66100 65900 64100
nr
.Year Built 1953
Style 14 Expansion
Address 5715 Emerson (Subject)
Sale Price ----- -
- - - --
Sale Date - ---- ------
lst Floor Square Feet 848
Price Per Square Foot - - - -- No. of Rooms 4 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: z 1 3/4 Full
Finished Basement: 3 X 3/4
Garage: Sgl X Dbl Att'd Deta X T.U.
R' A X
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ti '2
Year Built 1953
Style 1, Expansion
Address 809 - 56th (Comp. #1)
Sale Price $67,900.00
Sale Date 6/25/82
1st Floor Square Feet 880
Price Per Square Foot $77.16 No. of Rooms 6 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: z 1 3/4 Full
Finished Basement: 4 z 3/4
Garage: Sgl X Dbl Att'd Deta X T.U.
N
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Year Built 1935
Style 14 Expansion
Address 5531 Emerson (Comp. #2)
Sale Price $57,500.00
Sale Date 9/21/81
1st Floor Square Feet 660
Price Per Square Foot $87.12 No. of Rooms 6 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 2 3/4 Full
Finished Basement: - 2 3/4
Garage: Sgl X Dbl Att'd Deta _x_ T.U.
c-
f F :
Year Built 1938
Style 14 Expansion
Address 5700 Humboldt (Comp. #3)
Sale Price $57,000.00
Sale Date 6/1/82
1st Floor Square Feet 1008
Price Per Square Foot $66.46 No. of Rooms 5 (Excluding
1 Bath)
Fireplace: One Two
Central Air Conditioning: Yes No X
Extra Baths: 2 3/4 Full
Finished Basement: 4 2 3/4
Garage: Sgl Dbl X Att'd Deta X T.U.