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HomeMy WebLinkAbout2016 05-02 CCP Board of Appeal and Equalization ReconveneBOARD OF APPEAL AND EQUALIZATION RECONVENE City of Brooklyn Center May 2, 2016 AGENDA Call to Order 6:00 p.m. —The City Council requests that attendees turn off cell phones and pagers during the meeting. A copy of the full City Council packet is available to the public. The packet ring binder is located at the front of the Council Chambers by the Secretary. 2.Roll Call 3.Local Board of Appeal and Equalization (LBAE) Certification Form 4. Assessor's Report on Appeals Presented at the April 18th Board Meeting: a)Aleta Stevenson, 6726 North 5th Street (PID # 36-119-21-12-0052) b)Jose Lopaz, 5400 67t1 Ave. N. (PID #33-119-21-12-0034) 5. Assessor's Report on Written Appeals: a)Jessica Wolters representing Earle Brown Terrace, apartments/assisted living, at 6100 Summit Drive (PID # 35-119-21-44-0012) b)Lee Yang, 6906 Grimes Ave. N. (PID # 27-119-21-34-0067) c)Gary Lutz, 7224 Penn Ave. N. (PID # 26-119-21-42-0106) d)Diana O'Connor, 711 69th Ave N. (PID # 36-119-21-21-0119) e)David Evanson, 712 68th Lane (PID #36-119-21-21-0121) f)David Evanson, 718 68th Lane (PID #36-119-21-21-0120) g)EJA Trust Brooklyn LLC, 6390 Brooklyn Boulevard (PID #34-119-21-42-0029) h)Caitlin Goff representing Twin Lakes North Apartments (PID # 03-118-21-22-0025 & 03-118-21-22-0027) i) Ryan, LLC on behalf of the following taxpayers: RHA 3 LLC, 2015-3 1H2 Borrower LP, 2014-2 IH Borrower LP, and 1143 Property Borrower LP. 1.5748 Humboldt Ave N (PID # 01-118-21-23-0085) 2.1600 71st Ave N (PID # 26-119-21-41-0030) 3.3612 Commodore Drive (PID # 03-118-21-12-0068) 4.4019 Joyce Lane (PID #34-119-21-34-0102) 5.4307 66th Ave N. (PID # 34-119-21-23-0036) 6.5043 Brooklyn Blvd. (PID #10-118-21-14-0006) 7.5112 70 th Ave N. (PID # 28-119-21-43-0033) 8.5931 Zenith Ave N. (PID# 03-118-21-11-0078) 9.6130 Scott Ave N. (PID # 33-119-21-43-0019) 10.6501 Beard Ave N. PID # 34-119-21-13-0067) 11.6718 Scott Ave N. (PID # 33-119-21-12-0077) 12.6830 Scott Ave N. (PID # 33-119-21-12-0059 13.6907 West Palmer Lake Drive (PID #27-119-21-43-0102) 14.7013 Fremont AveN (PID #25-119-21-33-0063) 15. 7141 Newton Ave N. (PID # 26-119-21-42-0085) j) Kirt Woodhouse, 3800 50 t" N. (PID # 10-118-21-24-0002) k) Allen Franz, 2781 Freeway Boulevard (PID # 35-119-23-0085) 6. Adjourn MINNESOTA REVENUE Local Board of Appeal and Equalization Certification Form for 2016 The Local Board of Appeal and Equalization (LBAE) must complete and sign this form for each meeting of the local board. Since all local boards are required to comply with the training and quorum requirements, this form must be completed even if no appeals are heard. At the end of each LBAE meeting, the county assessor or authorized city assessor takes possession of the completed form. Section 1 - Complete the following information at the beginning of the meeting. County name Jurisdiction name (indicate city or town) Hennepin City of Brooklyn Center Meeting (circle one): convened or reconvened Date April 18, 2016 1 7:00 Time Dam. Ep.m. Township/City Board Members List all voting members of the LBAE and check aP resen t or AbsenV' for each one to indicate which members were in attendance. For each voting member present, check "Yes" or uN on indicating if the member has completed the training required under Minnesota Statutes, Section 274.014 within the last four years. All voting members present at the meeting must sign this form. By signing this form, you certify that you attended the LBAE meeting. You are also certifying that no board member participated in actions concerning the valuation or classification of a property owned by the board member, the board member's spouse, parent, stepparent chid, stepchild, grandparent, grandchild, brother, sister, uncle aunt, nephew, or niece of a board member, or any property in which the board member has a financial interest (the relationships maybe by blood or marriage). Print names of all voting members Title Attendance Training certified Signature (for those in attendance only) Tim Willson Mayor DPresent DAbsent XTYes DN0 X April Graves Council DPresent DAbsent Dyes DNo X Kris Lawrence-Anderson Council DPresent DAbsent DYes DNo X Lyn Myszkowski Council DPresent DAbsent Dyes DNo X Dan Ryan Council El present DAbsent ''es DNo X DPresent DAbsent Dyes DNo X DPresent DAbsent Dyes DNo X Assessment Personnel Must be completed by the county assessor (or an assistant delegated by the county assessor) or authorized city assessor present at the meeting. Local assessor information County assessor (or delegate)! authorized city assessor information Does this jurisdiction have a local assessor? Dyes NNo Name Title License no. If yes, was the local assessor present? DYes DNo ____________________________________________________ Local assessor name License no,County assessor (or delegate)! authorized city assessor certificationB signing below, I certify I was present at the meeting and (please check one):A quorum was present and a training certified member was present; or Other assessment personnel present I took over the meeting and changed it to an open book format because: Please list additional names on back of this form.A quorum was not present, and/or HA trained member was not present. Name Titie County assessor (or delegate) lauthorized city assessor signature XNameTitle Board member acknowledges loss of LBAE for this and following assessmentyear (due to reason checked above).Name Title X Section 2— Complete the following information at the end of the meeting. Meeting (circle one): recessed or adjourned Time 10p.m. Dam. Scheduling for Reconvene Meeting (if needed) The LBAE must resolve all issues before the meeting is adjourned. If issues are unresolved, the board should recess until the next meeting. The LBAE must complete and sign a LBAE Certification Form for each reconvene meeting. The date and time for the reconvene meeting must be determined before the initial meeting is recessed. Once the LBAE has adjourned it cannot reconvene. Date for reconvene meeting Time Dam. Elp.m. Rev. 2016 DATE: May 2. 2016 TO: Curt Boganey, City Manager FROM: Gary Eitel, Director of Business & Development SUBJECT: Agenda Items for the May 2, 2016 Reconvening Meeting of the Board of Appeal & Equalization Agenda Item # 3 Local Board of Appeal & Equalization (LBAE) Certification Form. Attached for your reference is a copy of the Certification Form that is required by the State to be completed at the initial meeting of the Local Board of Appeal and Equalization and any subsequent reconvening of this meeting. Mayor Willson and Council Member Ryan have previously completed the training required under Minnesota Statute 274.014 and have the necessary certification for this year's meeting. The County Assessor's Office will have this form available for the signatures of all Board Members present. The following members of the Hennepin County Assessor's Office will be present to answer questions and assist in this year's Local Board Reconvene Meetings: Rob Winge, Principal Residential Appraiser Kelly Jacobsson, Appraiser Joshua Whitney, Appraiser Jeff Nienaber, Commercial Appraiser Agenda Item #4 - Assessor's Report on Appeals Presented at the April 18th Board Meeting Following the April 18th Local Board of Appeal and Equalization Meeting, the Assessors met with each of the following appellants for a physical review of the property and reviewed market comparable. Attached for the Board's consideration is the Assessor's report and recommendation. a)Aleta Stevenson, 6726 North 5th Street (PID # 35-119-21-12-0053) Recommended Motion: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $147,000 to $126,000. b)Jose Lopaz, 5400 67th Ave. N. (PID # 33-119-21-12-0034) Recommended Motion: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $152,000 to $126,000. Agenda Item #5 - Assessor's Report on Written Appeals The Assessors have met with each of the following appellants after a physical review of the property and market comparable, the following recommendations have been provided for the Board's consideration: a)Jessica Wolters representing Earle Brown Terrace, apartments/assisted living, at 6100 Summit Drive (PID # 35-119-21-44-0012) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation form $7,000,000 to $4,300,000. b)Lee Yang, 6906 Grimes Ave. N. (PID # 27-119-21-34-0067) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $178,000 to $161,000. c)Gary Lutz, 7224 Penn Ave. N. (PID #26-119-21-42-0106) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $212,000 to $204,000. d)Diana O'Connor, 711 691h Ave N. (PID # 36-119-21-21-0119) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $275,000 to $240,000. e) David Evanson, 712 681h Lane (PID #36-119-21-21-0121) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $36,000 to $10,000. 1) David Evanson, 718 68th Lane (PID #36-119-21-21-0120) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $36,000 to $10,000. g)EJA Trust Brooklyn LLC, 6390 Brooklyn Boulevard (PID # 34-119-21-42-0029) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $2,380,000 to $2,250,000. The April 18th Local Board of Appeal and Equalization Meeting also included the following written objections which the Assessor's Office was unable to complete a physical review or no required financial data on rental properties have been provided and the appellants are seeking to preserve their right to appear before the County Board of Equalization. h)Caitlin Goff representing Twin Lakes North Apartments (PID # 03-118-21-22-0025 & 03-118-21-22-0027) Recommendation: Motion to accept the Assessor's recommendation that no change in assessed value be made. i) Ryan, LLC on behalf of the following taxpayers: RHA 3 LLC, 2015-3 1H2 Borrower LP, 2014-2 IH Borrower LP, and 1H3 Property Borrower LP. 1.5748 Humboldt Ave N (PID #01-118-21-23-0085) 2.1600 71" Ave N (PID #26-119-21-41-0030) 3.3612 Commodore Drive (PID # 03-118-21-12-0068) 4.4019 Joyce Lane (PID # 34-119-21-34-0102) 5.430766 th Ave N. (PID # 34-119-21-23-0036) 6.5043 Brooklyn Blvd. (PID #10-118-21-14-0006) 7.5112 70th Ave N. (PID # 28-119-21-43-0033) 8.5931 Zenith Ave N. (PID # 03-118-21-11-0078) 9.6130 Scott Ave N. (PID #33-119-21-43-0019) 10.6501 Beard Ave N. PID #34-119-21-13-0067) 11.6718 Scott Ave N. (PID 33-119-21-12-0077) 12.6830 Scott Ave N. (PID # 33-119-21-12-0059 13.6907 West Palmer Lake Drive (PID # 27-119-21-43-0102) 14.7013 Fremont Ave N (PID #25-119-21-33-0063) 15. 7141 Newton Ave N. (PID # 26-119-21-42-0085) Recommendation: Motion to accept the Assessor's recommendation that no change be made in the assessed valuation of these 15 properties. The following the written appeal was inadvertently over looked and not placed on the April 18th agenda: Attached is a copy of the petition and an email from the Assessor that the property owner is unable to provide the income and expense data for the Board reconvenes. The Assessor's recommendation of no change in value does preserve and protect their appeal rights to the County Board. j) Kirt Woodhouse, 3800 50th Ave. N. (PID # 10-118-21-24-0002) Recommendation: Motion to accept the Assessor's recommendation that no change be made in the assessed valuation. The following April 19th Board of Appeals and Equalization Meeting the Assessor received an additional commercial/office appeal. A review of the draft minutes did not conclusively indicated that the Board would not accept additional appeals pending the reconvene meeting. Attached is the Assessor's report, recommendation and notice that the property owner concurs with a reduction in assessed valuation from $1,188,000 to $980,000. k) Allen Franz, 2781 Freeway Boulevard (PID # 35-119-21-23-0085) Recommendation: Motion to accept the Assessor's recommendation to reduce the assessed valuation from $1,188,000 to $980,000. Also, attached for your reference is a copy of the April 18, 2016 minutes of the Board of Appeal and Equalization Meeting Agenda Item # 6 - Adjournment Recommendation: Motion to adjourn the 2016 Local Board of Appeal and Equalization Reconvene Meeting. MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA BOARD OF APPEAL AND EQUALIZATION APRIL 18, 2016 CITY HALL - COUNCIL CHAMBERS 1.CALL TO ORDER The Brooklyn Center City Council met as the Board of Appeal and Equalization and the meeting was called to order by Mayor Tim Willson at 7:00 p.m. 2.ROLL CALL Mayor Tim Willson and Councilmembers Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan. Councilmember April Graves was absent and unexcused. Also present were City Manager Curt Boganey, Director of Business and Development Gary Eitel, and Deputy City Clerk Rozlyn Tousignant. Others present from Hennepin County were Rob Winge, Principal Residential Appraiser; Kelly Jacobsson, Appraiser; Joshua Whitney, Appraiser; and Jeff Nienaber, Commercial Appraiser. 3.LOCAL BOARD OF APPEAL AND EQUALIZATION (LBAE) CERTIFICATION FORM The Local Board of Appeal and Equalization Certification form was signed by the Board Members present. 4.QUESTIONS REGARDING THE LOCAL BOARD OF APPEAL AND EQUALIZATION DUTIES A PowerPoint Presentation on the 2015-2016 Assessment Year was provided by Kelly Jacobsson, Appraiser, which included the following: - A map of the City's 5 assessment areas with the notation that the Assessor visits. This assessment year included the area located south of 65th Avenue N., north of 58th Avenue N., and north of 61st Avenue N., west of Shingle Creek Parkway to the western city limits. - Properties are evaluated and adjustments made based on comparable sales and statistical analysis of all property sales within the City that sold from October 1, 2014, through September 30, 2015. The adjustments to all commercial and industrial properties are based on market and income valuation procedures. - Each year the estimated market values are analyzed along with sales data from the market. A recalculation of land and building values were made to all property types. The results of the adjustments for the following property types are: Residential + 4.5% 04/18/16 -1- DRAFT Duplex +1.3% Condos +7.1% Townhouses + 8.9% Apartments + 13.8% Commercial +2.1% Industrial +5.1% - There are 8,605 taxable parcels in the City with a total market value of approximatel$ 1,865,330,100. This value includes $18,310,500 in new construction improvements. - The overall gross value increase for all property types including improvements in the City of Brooklyn Center is +6.1%. - This year's Valuation Appeals included: 30 phone calls and 15 write in appeals 12 appointments were set - The 2015 Annual Housing Market Report for the Twin Cities Metro, prepared by the Minneapolis Area Association of Realtors identifies a median price of $154,950 which is a 10.7% increase from 2014 and an 88.3% increase from 2011. There was a brief discussion regarding the Twin Cities Metro report and housing valuation trend within the City. There were no questions regarding the Local Board of Appeal and Equalization duties. 5.APPEARANCES BY TAXPAYERS WITH APPOINTMENTS There were no taxpayers with appointments scheduled for this meeting. 6.APPEARANCES BY TAXPAYERS WITHOUT AN APPOINTMENT Aleta Stevenson, 6726 5 th Street N. addressed the Board to appeal the valuation of her property, noting that she has a small home. Kelli Jacobsson, Appraiser, informed the Board that an appointment for an interior inspection has been scheduled for Friday, April 22 w' and a written report and recommendation will be prepared for the May 2, 2016, Continued Board of Appeal & Equalization meeting. There was a brief discussion on the process of appealing a property value at the local board of Review, a property owner's right to continue an appeal process to the County Board and clarification that the appeal relates to property valuation and the relationship of property valuation to next year's real estate taxes. Jose Lopez, 5400 67th Ave. N. addressed the Board to appeal the valuation of his home noting that if he were to sell it, he likely would not get $152,000 because it needs a lot of remodeling. The appeals were referred to the Assessor to schedule an interior inspection, with a written report and recommendation to be considered at the May 2, 2016, Continued Board of Appeal & 04/18/16 -2- DRAFT Equalization meeting. 7. CONSIDERATION OF WRITTEN APPEALS Appraiser Jacobsson commented that the following written appeals had been received within the 10 day period prior to the Board meeting. a) Caitlin Goff representing Twin Lakes North Apartments (PID # 03-118-21-22-0025 & 03-118-21-22-0027) The property is a 276-unit apartment complex, located at 4500 58th Ave. N. that was valued at $17,994,000 or $65,196 per unit and includes a separate lot for the common area recreation building and management offices at 4539 58th Ave. N. The property owner's notice of appeal on April 11th does not provide sufficient time to inspect and re-evaluate the assessment. An appraisal will be prepared prior to the County Board of Equalization meeting in June. The Assessor's recommendation is that no value change is made due to the inability to conduct interior inspections prior to the local board meeting and preserve the right to appeal to the County Board of Appeals. There was discussion on accepting the Assessor's recommendation at this time, providing the Board with a copy of the written appeal, the analysis involved in the Board's consideration of the this appeal or accepting the appeal and having it considered as part of the May 2' Continued Board of Appeal & Equalization meeting. Member Ryan moved and Member Myszkowski seconded a motion to accept the appeal and Assessor's recommendation for consideration at the May 2, 2016, Continued Board of Appeal & Equalization meeting. Motion passed unanimously. b) Jessica Wolters representing Earle Brown Terrace, apartments/assisted living, at 6100 Summit Drive (PID # 35-119-21-44-0012) The property is the Earle Brown Terrance Apartments, located at 6100 Summit Drive which has an assessed value of $7,000,000. The property owner has provided a letter stating that she cannot attend this meeting and wishes to preserve her appeal rights. The Assessor's recommendation is that no value change is made and to preserve the property owner's right to appeal to the County Board of Equalization in June. There was continued discussion on the Board's consideration of a written appeal and receiving a written analysis and recommendation by the Assessor. 04/18/16 -3- DRAFT Member Ryan moved and Member Lawrence-Anderson seconded a motion to accept the appeal and Assessor's recommendation for consideration at the May 2, 2016, Continued Board of Appeal & Equalization meeting. Motion passed unanimously. c) Lee Yang, 6906 Grimes Ave. N. (PID # 27-119-21-34-0067) 2016 Estimated Market Value: $178,000 Appraiser Jacobs son indicated that an interior inspection of the home was completed on April 6, 2016. Analysis by the Assessor included review of the property characteristics such as age, condition, and quality of the home. A comparison grid of the subject's neighborhood was prepared that included adjustments for gross building area, overall quality, age, basement finish, fireplaces, garage size, deck, porches, and lot size. The grid resulted in a range of adjusted sales prices between $158,000 and $165,000. Based on this analysis, the Assessor and the Homeowners have come to an agreement to reduce the property value from $178,000 to $161,000. There was further discussion on the process of accepting the Assessor's recommendation at this time, the absence of a written confirmation of acceptance by the property owner, the Board's role in the appeal process, and also placing this item on the May 2, 2016, Continued Board of Appeal & Equalization meeting. Rob Winge, Principal Residential Appraiser, commented on the written appeals received for this year's meeting, the review process by the Assessor, the Board's role as the initial step in the appeal process, and the action necessary to enable a property owner to continue the appeal process to the County Board. The Board discussed referring all of the written appeals to the Assessor for review and written recommendations for the Board's consideration at the May 2, 2016, Continued Board of Appeal & Equalization meeting. Member Ryan moved and Member Myszkowski seconded a motion to accept all of the written appeals and refer them to the Assessor for review and written recommendation to be considered at the May 2, 2016 Continued Board of Appeal & Equalization meeting. Motion passed unanimously. 8. SET DATE OF LOCAL BOARD OF APPEAL AND EQUALIZATION CONTINUED BOARD OF APPEAL & EQUALIZATION MEETING There was a motion by Councilmember Ryan, seconded by Councilmember Lawrence-Anderson to set May 2, 2016, 6:00 p.m. for the Local Board of Appeal and Equalization Continued Board of Appeal & Equalization meeting. 04/18/16 -4- DRAFT Motion passed unanimously. 9. RECESS OR ADJOURN There was a motion by Councilmember Myszkowski, seconded by Councilmember Lawrence- Anderson to recess the Local Board of Appeal and Equalization at 7:40 p.m. to May 2, 2016, 6:00 p.m. Motion passed unanimously. 04/18/16 -5- DRAFT NAME: ALETA L STEVENSON ADDRESS: 6726 5th St N PID #: 36-119-21-12-0052 Sale Date: 07/1994 Sale Price: $73,650 Style/Story Height: Rambler Age: 1955 Ground Floor Area: 988 Sq. Ft. Above Grade Area: 988 Sq. Ft. Central Air: YES Bsmt. Area: 100% Finished Bsmt Area: 50% Walkout: YES # of Bedrooms: Baths: Deluxe: 0 Full: 1 3/4: 0 1/2: 0 # of Fireplaces: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 253 Garage 1: 780 Sq.Ft. Type: DETACHED Lot Size: 15720 Sq. Ft. Acres: 0.36 Garage 2: Sq.Ft. Type: NONE Actual Frnt: Oft. Effective Frnt: 0 ft. Comments: interior inspection and comp grid completed 4/22/16. Inspection revealed original condition home and excessive noise due to low noise barrier wall. Comp grid supports reduction and homeowner verbal acceptance of rec 4/26/16 PREVIOUS ASSESSMENT 2015 Land: $36,000 CURRENT ASSESSMENT 2016 Land: $33,000 ASSESSORS RECOMMENDATION Land: $33,000 2015 Bldg: $103,700 2015 Total: $139,700 2016 Bldg: $114,000 2016 Total: $147,000 Bldg: $93,000 Total: $126,000 Appraiser: KELLY JACOBSSON DATE: 4/27/2016 SALES COMPARISON ADJUSTMENT GRID SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 G1RARD AVE N 6412 COMPARABLE H4 ADDRESS: 6726 5TH ST N 6343 EMERSON AVE N 6407 FR--EM AVE 6412 HUMBOLDT AVE CITY: BROOKLYN CENTE BROOKLYN CENTER BROOKLYN CENTER BROOKLYN CENTER BROOKLYN CENTER PID 4: 3611921120052 3611921320008 3611921320072 3611921320030 36-119-21-32-0076 DISTANCE: SALE DATE: 201506 201412 201505 201504 SALE PRICE:$0 $140,240 $128,040 $155,200 $130,000 TIME ADJUSTMENT:2.9%4.9%3.3%3.7% $144,300 $134,400 $160,300 $134,800 ADJ. SALE PRICE: ADJ. SALE / SQ FT:$0.00 $0.00 $0.00 $0.00 $0.00 TYPE OF BLDG:RI100 988 RI100 912 100 1,040 RII00 1,038 R/100 I 1,106 1STFLRAREA: GROSS BLDG AREA:@ $30 988 912 1,040 1,038 1,106 QUALITY:II similar sI superior s1 superior sI superior ACTUAL AGE:1955 1954/1970 1957/1960 1955/1965 1957/1970 COND/EFF. AGE:Good Average sI inferior similar similar 1STFLRRMS:5 4 5 5 2ND FLR RMS:0 0 0 0 BED ROOMS:2 2 3 3 BATHS: DLX:0 0 0 ______0 1FULL:I I 1 ______ 3/4:0 0 0 1 1/2-1/4:0 0 1 0 0 BASEMENT AREA:100%100% 100% 90% 80% FIN. BSMT. AREA:494 730 520 467 0 WALKOUT:0 0 0 FIREPLACES: 0 0 0 0 HEAT/COOLING: FA Gas/AC PA Gas/AC FA Gas/AC FA Gas/AC FA Gas/AC PRIMARY GARAGE: 2/Det. I/Del.21Det.1/Att.l/Att. AREA SQ FT: 832 280 640 338 264 SECOND GARAGE: AREA SQFT: 0 0 0 0 DECK: 120 192 0 0 0 PORCHES:none none none none none LOT SIZE SQ FT:15,720 1 9,787 9,927 9,975 9,938 LOCATION:252 residential residential residential residential ECONOMIC DEPR: FUNCTIONAL DEPR: OTHER: NET ADJUSTMENT: ($17,900)($13,400)($21,500)($8,600) ADJ SALE PRICE: $126,400 $121,000 $138,800 $126,200 ADJ. SALE PRICE! $127.94 $122.47 $140.49 $127.73 SUBJECT SQ FT:I Indicated Value As Of 01/02/2016 $147,000 ____________________________________________ $126,000 $127.53 PerSgFt 4/27/2016 6726 5th st3611921120052.XIS Hennepin County Property Map Date: 4/28/2016 Comments:PARCEL ID: 3611921120052 OWNER NAME: Aleta LStevenson PARCEL ADDRESS: 6726 5th St N, Brooklyn Center MN 55430 PROPERTY TYPE: Residential HOMESTEAD: Homestead PARCEL AREA: 0.36 acres, 15,694 sq ft A-T-B: Abstract MARKET VALUE: $139,700 TAX TOTAL: $2,023.04 SALE PRICE: $73,650 SALE DATA: 07/1994 SALE CODE: Warranty Deed This data (i) is furnished 'AS S with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind, and(iii)is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT ©HENNEPIN COUNTY 2016 4b NAME: JOSE L PIZANO/JOSE J LOPEZ ADDRESS: 5400 67th Ave N 33-119-21-12-0034 S ale Date: 0812011 Sale Price: $80,000 Style/Story Height: Rambler Age: 1959 Ground Floor Area: 958 Sq. Ft. Above Grade Area: 958 Sq. Ft. Central Air: YES Bsmt. Area: 100% Finished Bsmt Area: 80 % Walkout: YES # of Bedrooms: Baths: Deluxe: 0 Full: 2 3/4: 0 1/2: 0 # of Fireplaces: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 0 Garage 1: 484 Sq.Ft. Type: DETACHED Lot Size: 10125 Sq. Ft. Acres: 0.23 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 75 ft. Effective Frnt: Oft. Comments: Interior inspection and comp grid completed 4/22/16. Inspection revealed condition issues such as holes in sheetrock, cracked tile flooring, and need for new siding. Comp grid supports value change and homeowner verbal acceptance of rec. 4/27/16 PREVIOUS ASSESSMENT CURRENT ASSESSMENT 2015 Land: $40,000 2016 Land: $41,000 2015 Bldg: $100,700 2016 Bldg: $111,000 2015 Total: $140,700 2016 Total: $152,000 raiser: KELLY JACOBSSON DATE: 4/27/2016 ASSESSORS RECOMMENDATION Land: $41,000 Bldg: $85,000 Total:$126,000 SALES COMPARISON ADJUSTMENT GRID SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 COMPARABLE #4 ADDRESS: 5400 67TH AVE N 6731 REGENT AVE N 6836 TOLEDO AVE N 6712 SCOTT AVE N 5306 67TH AVE N CITY: BROOKLYN CENTEI BROOKLYN CENTER BROOKLYN CENTER BROOKLYN CENTER BROOKLYN CENTER PID #: 3311921120034 3311921120099 3311921120003 3311921120078 3311921120037 DISTANCE: SALE DATE:201412 201504 201504 201411 SALE PRICE:$0 $151,200 $135,000 $138,250 $126,088 53%3.7%3.7%5.8%TIME ADJUSTMENT: ADJ. SALE PRICE: $159,300 $140,000 $143,400 $133,400 ADJ. SALE / SQ FT:$0.00 $0.00 $0.00 $0.00 $0.00 TYPE OFBLDG:RJ100 R/I00 RI100 RII00 R/100 IST FLR AREA:958 1,005 1,030 768 958 GROSS BLDG AREA@ $30 958 1,005 1,030 768 958 QUALITY:Average sI superior sI superior similar similar ACTUAL AGE:1959/1965 1957/1965 1959/1970 1955/1975 1959/1970 COND:Fair superior superior ____superior _____superior 1STFLRRMS:5 5 6 ______4 ______5 2ND FLR RMS:0 0 0 0 0 BED ROOMS:3 2 3 2 2 BATHS: DLX:0 0 0 0 0 FULL:2 2 1 2 0 0 0 0 1/2-1/4:0 0 0 0 0 BASEMENT AREA:100%100% 90% 100% 100% FIN. BSMT. AREA:670 804 278 614 479 WALKOUT:0 0 0 0 0 FIREPLACES:0 0 __________0 0 0 HEAT/COOLING:FA Gas/AC PA Gas/AC FA Gas/AC FA Gas/AC FA Gas/AC PRIMARY GARAGE:2/Det.2/Del.2/All.2/Det.2/Del. AREA SQ FT:484 528 462 480 528 SECOND GARAGE: AREA SQFT:0 0 0 0 0 DECK:0 0 104 0 400 PORCHES:none GLP/I 10 OP/128 none none LOT SIZE SQ FT:10,125 10,050 10,125 10,050 10,125 LOCATION: ECONOMIC DEPR: FUNCTIONAL DEPR: OTHER: NET ADJUSTMENT: ($30,100)($18,000)($17,200)($17,600) ADJ SALE PRICE: $129,200 $122,000 $126,200 S115,800 ADJ. SALE PRICE/ SUBJECT SQ FT:S134.86 S127.35 S131.73 $120.88 Indicated Value As Of 01/02/2016 $152,000 I S126,000 $13132 Per Sq Ft III 4/27/2016 5400 67th331 1921 120034.xls Hennepin County Property Map Date: 4/28/2016 Comments:PARCEL ID: 3311921120034 OWNER NAME: Jose L Pizano/Jose J Lopez PARCEL ADDRESS: 5400 67th Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Homestead PARCEL AREA: 0.23 acres, 10,107 sq ft A-T-B: Abstract MARKET VALUE: $140,700 TAX TOTAL: $2,187.38 SALE PRICE: $80,000 SALE DATA: 08/2011 SALE CODE: This data (I) is furnished AS IS with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shell not be liable for any damage, injury or loss resultng from this data. COPYRIGHT © HENNEPIN COUNTY 2016 S.a Hennepin County Property Map Date: 4/15/2016 Jim 14VI I - L - I / ' - .-- I IL /l inch =200feet PARCEL ID: 3511921440012 Comments: r-oAIMD Mf\rIIi (Th--' rI PrrY,r, I Ic' EARLE BROWN TERRACE APTS. L'S YIN LI \ INflIVIL... '.J ,_CIIILLJI'J II PARCEL ADDRESS: 6100 Summit Dr, Brooklyn Center MN 55430 PROPERTY TYPE: Apartment HOMESTEAD: Non-Homestead PARCEL AREA: 3.26 acres, 142,085 sq ft A-T-B: Torrens This data(i)is furnished AS IS' with no MARKET VALUE: $7,000,000 representation as to completeness or accuracy; (t) is furnished with no warranty of any kind; and (in) is notsultable TAX TOTAL: $1 70,385.94 for legal, engineering or surveying purposes. Hennepin County shall not be liable for any SALE PRICE: $5,450,000 damage, injury or loss resulting from this data SALE DATA: 01/1998 COPYRIGHT © HENNEPIN COUNTY 2016 SALE CODE: H Hennepin County Assessor Department A-2103 Government Center www.co,hennepin.mn.us 300 South Sixth StreetMinneapolis, Minnesota 55487-0213 To: Brooklyn Center Board of Equalization From: Jeff Nienaber, Senior Commercial Appraiser RE: PID 35-119-21-44-0012, 6100 Summit Drive, Brooklyn Center MN Earle Brown Terrace Apartments Owner: OGC Earle Brown LLC This property sold in October of 2015 for $4,300,000. The property was inspected and appraised utilizing the Income Approach. The property also suffers from significant deferred maintenance and occupancy issues, which are accounted for in the resulting revised value for January 2, 2016. This property will be closely monitored yearly for anticipated changes in occupancy, condition and type of rental income. It is therefore recommended to the local board of equalization that the value be reduced from $7,000,000 to $4,300,000 for January 2, 2016. Respectfully, Jeff Nienaber Senior Commercial Appraiser State Certified General Appraiser 40450206 Hennepin CoUnty Assessor A-2103 Government Center 300 S. 6th Street Minneapolis, MN 55487-0213 612-348-8444 An Equal Opportunity Employer Recycled Paper April 12, 2016 eP Jeff Nienaber Senior Commercial Appraiser Hennepin County RE Appeal Rights for Earle Brown Terrace ' Mr. Nienaber As you are aware, we would like to appeal the assessed value and taxes of Earle Brown Terrace. Earle Brown Terrace is located at 6100 Summit Drive, Brooklyn Center, The property ID Number is 35- 119-21-44-0012, We are unable to attend the Board of Appeal and Equality meeting on April 18, 2016. Please let this letter preserve and protect our appeal rights to the Local and County Board. Please contact me (651-332-8502) with any questions. Thanks. iegica Morgan Walters .) Executive Vice President OGC Earle Brown, LIC 2177 Youngrnan Avenue . St. Paul, MN 55116 Ph: 651-603 -5046 Fax: 763-656-4440 www.oal(grOveiS.COrfl April 12, 2016 Jeff Nienaber Senior Commercial Appraiser Hennepin County RE: Appeal Rights for Earle brown Terrace I Mr. Nienaber As you are aware, we would like to appeal the assessed value and taxes of Earle Brown Terrace. Earle Brown Terrace is located at 6100 Summit Drive, Brooklyn Center The property ID Number is 35- 119-21-44-0012. We are unable to attend the Board of Appeal and Equality meeting on April 18, 2016. Please let this letter preserve and protect our appeal rights to the Local and County Board. Please contact me (651-332-8502) with any questions. Thanks. iesica Morgan Wolters - Executive Vice President OGC Earle Brown, LLC 2177 Youngrnan Avenue St. Paul, MN 55116 Ph 651-603-5046 Fax: 7636564440 www.oakgrovers.com Sh NAME: TSUEFU YANG & LEE X YANG ADDRESS: 6906 Grimes Ave N - PID #: 27119-21-34-0067 Sale Date: 12/2014 Sale Price: $108,000 BtylelStory Height:Rambler Age: 1959 3round Floor Area:1576 Sq. Ft.Above Grade Area:1576 Sq. Ft. Central Air: YES 3smt. Area:60%Finished Bsmt Area:80 % Walkout: YES # of Bedrooms: Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: # of Fireplaces: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 0 0 Garage 1: 528 Sq.Ft. Type: DETACHED Lot Size: 12907 Sq. Ft. Acres: 0.30 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 77 ft. Effective Frnt:0 ft. Comments: Interior inspection and comp grid completed 4/6/16. Inspection revealed condition to be original other than new siding. Also revelaed layout issue with home. Comp grid supports reduction and homeowner verbal agreement 4/11/16. PREVIOUS ASSESSMENT 2015 Land: $40,000 2015 Bldg: 2015 Total CURRENT ASSESSMENT 2016 Land: $39,000 2016 Bldg: $139,000 2016 Total $178,000 ASSESSORS RECOMMENDATION Land: $39,000 Bldg: $122,000 Total: $161,000 $120,800 $160,800 raiser: KELLY JACOBSSON DATE: 4/27/2016 SALES COMPARISON ADJUSTMENT GRID SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 COMPARABLE #4 ADDRESS:6906 GRIMES AVE N 7012 FRANCE AVE N 7013 DREW AVE N 3713 WOODBINE LA 6936 GRIMES AVE N CITY:BROOKLYN CENTEI BROOKLYN CENTER BROOKLYN CENTER BROOKLYN CENTER BROOKLYN CENTER PID V:2711921340067 2711921430056 2711921430018 2711921420057 2711921340072 DISTANCE: SALE DATE:201412 201507 201508 201509 201507 SALE PRICE:$108,000 $169,900 $172.375 $122,220 $168,916 TIME ADJUSTMENT: 2.5%2.1%1.6%2.5% ADJ. SALE PRICE: $174,100 $175,900 $124,200 $173,100 ADJ. SALE / SQ FT:$68.53 $0.00 $0.00 $0.00 $0.00 TYPE OFBLDG:P1100 RI100 R/l00 RII00 R/100 IST FLRAREA:1,576 11168 1,400 1,640 1,024 GROSS BLDG AREA: $28 1,576 1.168 1,400 1,640 1,024 QUALITY:9 10 9 _____9 10 ACTUALAGE:1959/1965 1957/1975 1958/1975 1958/1960 1959/1970 COND/EFF. AGE:Average Superior Superior Inferior Similar 1ST FLR RMS:7 6 7 7 5 2ND FLR RMS:0 0 0 0 0 BED ROOMS:2 3 2 3 3 BATHS:DLX:0 0 0 0 0 FULL:I I 1 1 1 3/4:I I I I 1/2-1/4:0 0 0 0 0 BASEMENT AREA:60%90% 70% 80% 100% FIN. BSMT. AREA:756 526 588 918 819 WALKOUT:0 0 0 0 0 FIREPLACES:0 0 1 1 1 0 HEAT/COOLING:FA Gas/AC FA Gas/AC FA Gas/AC FA Gas/AC FA Gas/AC PRIMARY GARAGE: AREA SQ FT: 21Det. 528 l/Att. 294 2/Det. 528 21Det. 780 2/Au. 420 SECOND GARAGE: AREA SQ FT: / 0 572 0 2/Det. 0 0 1 DECK:0 0 0 240 0 PORCHES:none none none none GLP/216 LOT SIZE SQ FT:12,907 9,523 10,500 10.164 12,912 LOCATION:busy street quite ECONOMIC DEPR: quite quite quite FUNCTIONAL DEPR:OVERBUILT Typical Typical T Typical OTHER: NET ADJUSTMENT: ($1,900)($14,000)$1,300 ($5,700) ADJ SALE PRICE:__________________$172,200 $161,900 $125,500 $167,400 ADJ. SALE PRICE! SUBJECT SQ FT: $109.26 $102.73 $79.63 $106.22 Indicated Value AsOfl/2/2016 $178,000 $11 $9 $11 $11 I S161,000 $102.16 PerSgFt I 4/27/2016 2-6906 grimes271 1921340067.xls Hennepin County Property Map Date: 4/15/2016 - IL i- - ,l tI - -- j -fl I. CIA) L I j r Ila lit * I- I! •-•'- ___________-.-- __inch =100feet PARCEL ID: 2711921340067 OWNER NAME: Tsuefu Yang & Lee X Yang PARCEL ADDRESS: 6906 Grimes Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Homestead PARCEL AREA: 0.3 acres, 13,027 sq ft A-T-B: Torrens MARKET VALUE: $160,800 TAX TOTAL: $2,948.20 SALE PRICE: $108,000 SALE DATA: 12/2014 SALE CODE: Comments: This data(i)is furnished AS IS with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HEN NEPIN COUNTY 2016 S.0 NAME: GARY LUTZ ADDRESS: 7224 Penn Ave N PID #: 26-119-21-42-0106 ^ Sale Date: 0411993 Sale Price: $88,000 Style/Story Height: Rambler Age: 1962 Ground Floor Area: 1546 Sq. Ft. Above Grade Area: 1546 Sq. Ft. Bsmt. Area: 60% Finished Bsmt Area: 80 % Central Air: YES Walkout: YES # of Bedrooms: Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: 0 # of Fireplaces: 2 Porches: Glazed: 72 Open: 0 Screened: 300 Deck: 63 Garage 1: 576 Sq.Ft. Type: ATTACHED Lot Size: 12937 Sq. Ft. Garage 2: Sq.Ft. Type: NONE Actual Frnt: 110 ft. Acres: 0.30 Effective Frnt: Oft. Comments: Interior inspection completed 4/11/16. Homeowner had a refinance appraisal from July 2015 that indicated 200,000. Once adiusted for time (6 months) a verbal agreement of $204,000 was reached on 4/11/16. PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSORS RECOMMENDATION 2015 Land: $41,600 2016 Land: $38,000 Land: $38,000 2015 Bldg: $158,100 2016 Bldg: $174,000 Bldg: $166,000 2015 Total: $199,700 2016 Total: $212,000 Total: $204,000 raiser: KELLY JACOBSSON DATE: 4/27/2016 Comments: This data (I) is furnished 'AS IS' with no representation as to completeness or accuracy; (H) is furnished with no warranty of any kind; and (Hi) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HEN NEPIN COUNTY 2016 Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 2611921420106 OWNER NAME: Gary J Lutz PARCEL ADDRESS: 7224 Penn Ave N, Brooklyn Center MN 55430 PROPERTY TYPE: Residential HOMESTEAD: Homestead PARCEL AREA: 0.3 acres, 12,948 sq ft A-T-B: Abstract MARKET VALUE: $199,700 TAX TOTAL: $3,133.82 SALE PRICE: $88,000 SALE DATA: 04/1993 SALE CODE: Warranty Deed 50d NAME: DIANA C O'CONNOR ADDRESS: 711 69th Ave N PID #: 36119-2121-0119 Sale Date: 11/2004 Sale Price: $348,015 Style/Story Height: Rambler Age: 2004 Ground Floor Area: 1604 Sq. Ft. Above Grade Area: 1604 Sq. Ft. Central Air: YES Bsmt. Area: 100% Finished Bsmt Area: 80 % Walkout: YES of Bedrooms: Baths: Deluxe: I Full: 1 3/4: 1 1/2: 0 #of Fireplaces: I Porches: Glazed: 0 Open: 193 Screened: 0 Deck: 280 Garage 1: 1070 Sq.Ft. Type: ATTACHED Lot Size: 20327 Sq. Ft. Acres: 0.47 Garage 2: Sq.Ft. Type: NONE Actual Frnt: Oft. Effective Frnt: 0 ft. Comments: Interior inspection and comp grid completed 4/14/16. interior inspection revealed significantly reduced basement finish and proximity to high density housing. Comp grid supports reduction in value and verbally agreed upon on 4/15/16 PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSOR'S RECOMMENDATION 2015 Land: $44,200 2016 Land: $41,000 Land: $41,000 2015 Bldg: $212,800 2016 Bldg: $234,000 Bldg: $199,000 2015 Total: $257,000 2016 Total: $275,000 Total: $240,000 Appraiser: KELLY JACOBSSON DATE: 4/27/2016 SALES COMPARISON ADJUSTMENT GRID SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 COMPARABLE #4 Indicated Value As Of 01/02/2016 S240,000 $149.63 Per Sq Ft 4/27/2016 711 69th 3611921210119xls Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 3611921210119 OWNER NAME: Diana C O'Connor PARCELADDRESS: 711 69th Ave N, Brooklyn Center MN 55430 PROPERTY TYPE: Residential HOMESTEAD: Homestead PARCEL AREA: 0.47 acres, 20,338 sq ft A-T-B: Abstract MARKET VALUE: $257,000 TAX TOTAL: $4,189.08 SALE PRICE: $348,015 SALE DATA: 11/2004 SALE CODE: Comments: This data (I) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsui table for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 S.e Oft NAME: EASTBROOK PROPERTIES LLC ADDRESS: 712 68th Ln PID #: 36-119-21-21-0121 Sale Date: Sale Price: Style/Story Height: Ground Floor Area: mt. Area: Age: Sq. Ft. Above Grade Area: Sq. Ft. NONE Finished Bsmt Area: 0 % =Central=YES Bedrooms: L of Fireplaces: 0 Baths: Deluxe: 0 Full: 0 3/4: 0 1/2: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 0 Garage 1: Sq.Ft. Garage 2: Sq.Ft. Type: NONE Lot Size: Sq. Ft. Type: NONE Actual Frnt: Oft. Acres: Effective Frnt: 0 ft. Comments: Inspection on 4/14/16.Through inspection and conversations with various market participants, the financial feasibilty and utility of the property is not supported with a standard lotLvalue for the neighborhood.Verbal agreement on 4/15/16 PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSORS RECOMMENDATION 2015 Land: $40,000 2016 Land: $36,000 Land: $10,000 2015 Bldg: $0 2016 Bldg: $0 Bldg: $0 2015 Total: $40,000 2016 Total: $36,000 Total: $10,000 raiser: KELLY JACOBSSON DATE: 4/27/2016 _j Hennepin County Property Map Date: 4/18/2016 Comments:PARCEL ID: 3611921210121 OWNER NAME: Eastbrook Properties Lic PARCEL ADDRESS: 712 68th La N, Brooklyn Center MN 55430 PROPERTY TYPE: Vacant Land-Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 10,176 sq ft A-T-B: Abstract MARKET VALUE: $40,000 TAX TOTAL: $997.12 SALE PRICE: SALE DATA: SALE CODE: This data (i) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hen nepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT ©HENNEPIN COUNTY 2016 5f F EASTBROOK PROPERTIES LLC ADDRESS: - - 718 68th Ln PID #: 36-119-21-21-0120 Sale Date: Sale Price: Style/Story Height: Age: Ground Floor Area: Sq. Ft. Above Grade Area: Sq. Ft. Central Air: YES Bsmt. Area: NONE Finished Bsmt Area: 0 % Walkout: YES # of Bedrooms: # of Fireplaces: 0 Baths: Deluxe: 0 Porches: Glazed: 0 Full: 0 3/4: 0 1/2: 0 Open: 0 Screened: 0 Deck: 0 W, M-A _0 Garage 1: Sq.Ft. Garage 2: Sq.Ft. Type: NONE Type: NONE Lot Size: Sq. Ft. Acres: Actual Frnt: 0 ft. Effective Frnt: Oft. Comments: Inspection on 4/14/16. Through inspection and conversations with various market participants, the financial feasibilty and utility of the property is not supported with a standard lot value for the neighborhood.Verbal agreement on 4/15/16 PREVIOUS ASSESSMENT CURRENT ASSESSMENT 2015 Land: $40,000 2016 Land: $36,000 2015 Bldg: $0 2015 Total: $40,000 2016 Bldg: $0 2016 Total: $36,000 Appraiser: KELLY JACOBSSON DATE: 4/27/2016 ASSESSORS RECOMMENDATION Land: $10,000 Bldg: $0 Total:$10,000 Hennepin County Property Map Date: 4/18/2016 Comments:PARCEL ID: 3611921210120 OWNER NAME: Eastbrook Properties Lic PARCEL ADDRESS: 718 68th La N, Brooklyn Center MN 55430 PROPERTY TYPE: Vacant Land-Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 9,941 sq ft A-T-B: Abstract MARKET VALUE: $40,000 TAX TOTAL: $997.12 SALE PRICE: SALE DATA: SALE CODE: This data (i) is furnished AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes Hennepin County shall not bailable forany damage, injury or loss resulting from this data. COPYRIGHT ©HENNEPIN COUNTY 2016 H Hennepin County Assessor Department A-2103 Government Center300 South Sixth StreetMinneapolis, Minnesota 55487-0213 www.co.hennepin.mn.us To: Brooklyn Center Board of Equalization From: Jeff Nienaber, Senior Commercial Appraiser RE: PID 34-119-21-42-0029, 6390 Brooklyn Boulevard, Brooklyn Center MN Owner: Eja Trust Brooklyn LLC Taxpayer: Walgreens This property has been part of multiple year tax court petition. As a result of the analysis completed by our office utilizing the Income and Cost Approaches a reduction in value is deemed appropriate by our office. It is therefore recommended to the local board of equalization that the value be reduced from $2,380,000 to $2,250,000 for January 2, 2016. Respectfully, 7.. Jeff Nienaber Senior Commercial Appraiser State Certified General Appraiser 40450206 Hennepin County Assessor A-2103 Government Center 300 S. 51h Street Minneapolis, MM 55487-0213 612-348-8444 An Equal Opportunity Employer Recycled Paper Comments: This data (I) is furnished AS IS with no representation as to completeness or acoursCy (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage injury or toss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 Hennepin County Property Map Date: 4/28/2016 1L!'T1JI * 'f IRA rL 100 feet PARCEL ID: 3411921420029 OWNER NAME: Eja Trust - Brooklyn Lic PARCEL ADDRESS: 6390 Brooklyn Blvd, Brooklyn Center MN 55429 PROPERTY TYPE: Commercial-Preferred HOMESTEAD: Non-Homestead PARCEL AREA: 1.61 acres, 70,312 sq ft A-T-B: Torrens MARKET VALUE: $2,380,000 TAX TOTAL: $101,232.76 SALE PRICE: $1,000,000 SALE DATA: 12/1996 SALE CODE: I . Jeff Nienaber Senior Commercial Appraiser State Certified General Appraiser 40450206 Hennepin Cou fl ty Assessor A-2i0 Government Center 3P0$. 5hStreet. Minneapolis, MN 55487-02131. RE: TLN LaNd, a Lim1td Partnership Twin Lake North Apamnents PID #s 03-118-21-22-0025 & 03-118-21-22-0027 Dear Mr. Neinaber, Unfortunately we are unable to attend the bgard.,of equalizaticrn meeting for Brooklyn Center. Because of this circumstancewe would like this letter to serve as our request for our appeal rights to remain intact. TLN I, a Limited Partirs Francis W. Lang Its General Partner 4601 Excelsipr Blvl. Suite'650 Minneapolis, MN 55416 ftaiikt2laneLcom Cc: Caitlin Goff caitlin@janel.com 4601 ExceIor Boulevard, Suite 601 0 Minneapolis, Minnesota 5541611 952920-5338 N Fax 952-925-5640 Gary Mel From: Jeff Nienaber <Jeff.Nienaber@heflPus> Sent: Thursday, April 14, 2016 12:54 PM To: Gary Eitel; Kelly Jacobsson Subject: Monday Board of Equalization Kelly and Gary, I have two properties that I am aware of for the Monday night board of equalization. A) The first is an apartment complex that called late yesterday and is unable to appear before the board on Monday night. Josh asked me if you could put them on the docket and request no change from the board, as we do not have enough time to inspect and re-evaluate the assessment on short notice. We will prepare an appraisal for the June County Board of Equalization meeting. The PID is 0311821220025103h1821220027 (Twin Lakes North Apartments). The January 2, 2016 value for the primary PID 03118-21-22-0025 is $17,994,000 or $65,196 per unit (276 units). The second PID appears to be the common area recreation building and management offices. The contact information for the property owner is: Calf/in M. Goff LaNel Financial Group 4601 Excelsior Blvd.,Suite 601 Minneapolis, MN 55416 952- 697-4681 caitlinlanel.cOm Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 0311821220025 OWNER NAME: Tin Lanel Ltd Ptnshp EtAi PARCELADDRESS: 4500 58th Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Apartment HOMESTEAD: Non-Homestead PARCEL AREA: 17.98 acres, 783,035 sq ft A-T-B: Both MARKET VALUE: $16,434,000 TAX TOTAL: $379,688.66 SALE PRICE: SALE DATA: SALE CODE: Comments: TWIN LAKES NORTH APTS. This data (I) is furnished 'AS IS with no representation as to completeness or accuracy; (H) is furnished with no warranty of any kind; and (Hi) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 f1 - IU & Hennepin County Property Map Date: 4/15/2016 IF' PARCEL ID: 0311821220027 OWNER NAME: Tin Lane] A Ltd Ptnshp Et Al PARCELADDRESS 4539 58th Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Apartment HOMESTEAD: Non-Homestead PARCEL AREA: I acres, 43,700 sq ft A-T-B: Both MARKET VALUE: $350,000 TAX TOTAL: $8,086.34 SALE PRICE: SALE DATA: SALE CODE: inch =200 feet Comments: TWIN LAKES NORTH APTs. This data (I) is furnished 'AS IS' with no representation as to completeness or accuracy; (U) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HEN NEPIN COUNTY 2016 NAME: RHA 3 LLC ADDRESS: 5748 Humboldt Ave PID #: 01118-21-23-0085 Sale Date: 06/2015 Sale Price: $112,500 LHeight: Two Story Age: 1901 r Area: 756 Sq. Ft. Above Grade Area: 1224 Sq. Ft.Central Air: YES 100 % Finished Bsmt Area: NONE Walkout: YES # of Bedrooms: 4 Baths: Deluxe: 0 Full: 1 3/4: 0 1/2: 0 # of Fireplaces: 0 Porches: Glazed: 144 Open: 0 Screened: 0 Deck: 0 Garage 1: 748 Sq.Ft. Type: DETACHED Lot Size: 9876 Sq. Ft. Acres: 0.23 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 74 ft. Effective Frnt: 0 ft. Comments:Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appelant opportunity to appeal to county board and schedule interior inspections. PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSORS RECOMMENDATION 2015 Land: $40,000 2016 Land: $35,000 Land: $35,000 2015 Bldg: $77,300 2016 Bldg: $85,000 Bldg: $85,000 2015 Total: $117,300 2016 Total: $120,000 Total: $120,000 :,^::::p p K E L ^^LYJ A ^^CO B ^S^SO Ryan.)500 E. Broward Blvd. Suite 1130 Fort Lauderdale, FL 33394 Tel 9547406240 Fax 972.960.0613 wvw.ryan.com Friday, April 08, 2016 Hennepin County Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of RHA 3 LLC, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 5748 Humboldt Ave N Ciiy. Brooklyn Center Parcel: 01-118-21-23-0085 Acquired Price: $112500 Acquired Date: 6/25/2015 Target Value: $112500 Appeal Basis: Based on the property's purchase price, the petitioner does not agree with the property value. *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Subject Buildijig/LivingArea" by the "Average Price/Sgft" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppeals@ryan.com or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 :$.•:. .1N . ci II 's1 Ii 41 ____ - ,I - Comments: This data (I) is furnished AS IS with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) 15 notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable for anydamage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 Hennepin County Property Map Date: 4/1 5/2016 IF 1 inch = 50 feet PARCEL ID: 0111821230085 OWNER NAME: Rha 3 LIc PARCEL ADDRESS: 5748 Humboldt Ave N, Brooklyn Center MN 55430 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 9,876 sq ft A-T-B: Torrens MARKET VALUE: $117,300 TAX TOTAL: $2,316.48 SALE PRICE: $112,500 SALE DATA: 06/2015 SALE CODE: Warranty Deed 5i==2 J.I NAME: RHA 3 LLC ADDRESS: 1600 7lstAveN PID #: 26119-21-41-0030 Fsale Date: 07/2014 Sale Price: $160,000 Style/Story Height: Rambler Age: 1968 Ground Floor Area: 1037 Sq. Ft. Above Grade Area: 1037 Sq. Ft. Central Air: YES Bsmt. Area: 100% Finished Bsmt Area: 80% Walkout: YES # of Bedrooms: Baths: Deluxe: o Full: 2 3/4: 0 1/2: 0 # of Fireplaces: 0 Porches: Glazed: 0 Open: o Screened: 0 Deck: 0 Garage 1: 528 Sq.Ft. Type: DETACHED Lot Size: 10538 Sq. Ft. Acres: 0.24 Garage 2: Sq.Ft. Type: NO Actual Frnt: 89 ft. Effective Frnt: 0 ft. Fmments:itten appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made - 4/16 and has gone unanswered. Recommendation for No Change to allow appelant portunitv to appeal to county board and schedule interior inspections. PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSOR'S RECOMMENDATION 2015 Land: $40,000 2016 Land: $37,000 Land: $37,000 2015 Bldg: $110,900 2016 Bldg: $122,000 Bldg: $122,000 2015 Total: $150,900 2016 Total: $159,000 Total: $159,000 fA:p:::p^raiser^KEL^LYJACOBS^SO DATE: 4/27/2016 RYovvth Scluio_ tc' Thii P,ohIvrn. 500 E. Broward Blvd Suite 1130 Fort Lauderdale, FL 33394 Tel. 954,740.6240 Fax 972.960.0613 v.ryan.com Friday, April 08, 2016 Henne pin Counby Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of RI-IA 3 LLC, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor, Attached you will find evidence that supports our claim for a reduction in value. PropertyAddress: 1600 71st Ave N Brooklyn Center Parcel: 26-119-21-41-0030 AcquiredPrice: $160000 Acquired Date: 7/2/2014 Target Value: $133303.8 AppealBasis: Based on market data, the petitioner does not agree with the property value. *N o t e that for appeals with a Market DataBasis, the indicated TargetVa/tie is typically computed by multiplying the "Subject Building/Living Area" by the "AveragePrice/Spit" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppeals@ryan.com or please call me at 954-476-4265. Regards, 4^^ ^, /^^ Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Hennepin County Property Map Date: 4/15/2016 I kt^_ Vi 1512 , - I - .1st Avenue North AO , 1 inch = 50 feet PARCEL ID: 2611921410030 Comments: OWNER NAME: Rha 3 LIc PARCEL ADDRESS: 1600 71stAve N, Brooklyn Center MN 55430 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.24 acres, 10,538 sq ft A-T-B: Torrens This data (i) is furnished 'AS IS' with no MARKET VALUE. $150,900 representation as to completeness or accuracy; (ii) is furnished with no TA X " warranty of any kind; and (Hi) is notsuitable IPi\ TOTAL: °° IL for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage, injury or loss resulting from this data. SALE PRICE: $160,000 SALE DATA 07/2014 COPYRIGHT ©HENNEPIN COUNTY 2016 SALE CODE: Warranty Deed 50i =3 NAME: 2015-3 1H2 BORROWER L P ADDRESS: 3612 Commodore Dr PID #: 03-118-21-12-0068 Sale D ate: O4i Price: $ 143,000 Style/Story Height:Rambler Age: 1955 Ground Floor Area:1000 Sq. Ft.Above Grade Area:1000 Sq. Ft. Central Air:YES Bsmt. Area:100%Finished Bsmt Area:80 % Walkout:YES # of Bedrooms:Baths: Deluxe:0 Full:1 3/4: 1 1/2: 0 # of Fireplaces: 0 Porches: Glazed:136 Open:0 Screened: 0 Deck: 0 Garage 1: 352 Sq-Ft- Type: ATTACHED Lot Size: 9750 Sq. Ft. Acres: 0.22 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 1 ft. Effective Frnt: 0 ft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appelant opportunity to appeal to county board and schedule interior inspections. PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSORS RECOMMENDATION 2015 Land: $44,500 2016 Land: $46,000 Land: $46,000 :: :::: :::: $161,000 DATE: 4/27/2016raiser: KELLY JACOBSSON Ryan) Innovotho 5o!uticns to Tining P(obfn,nr. 500 E. Broward Blvd, Suite 1130 Fort Lauderdale, FL 33394 Tel. 954.740.6240 Fax 972.960.0613 www.ryan.com Friday, April 08, 2016 Hennepin County Assessor 300 South 6th Street, Room A2103 ivlinneapolis, MN 55487 Dear Sir/Madam, On behalf of 2015-3 1H2 Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 3612 Commodore Dr Brooklyn Center Parcel: 03-118-21-12-0068 Acquired Price: $143000 Acquired Date: 4/16/2013 Target Value: $152399 Appeal Basis: Based on market data, the petitioner does not agree with the property value. *N o t e that for appeals with a Market Data Basis, the indicated Tar get Value is typically computed by multiplying the "jject Biiilding/Living Are a" by the "Average Price/Sqft" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAp peals @ryan.coni or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Hennepin County Property Map Date: 4/15/2016 ommen; PARCEL ID: 0311821120068 OWNER NAME: 2015-3 1h2 Borrower L P PARCEL ADDRESS: 3612 Commodore Dr, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.22 acres, 9,756 sq ft A-T-B: Torrens MARKET VALUE: $158,300 TAX TOTAL: $3,015.18 SALE PRICE: $143,000 SALE DATA: 04/2013 SALE CODE: Warranty Deed This data(!) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is riotsuitabie for legal, engineering or surveying purposes. Hennepin County shall not bailable forany damage, injury or loss resulting from this data. COPYRIGHT ©HENNEPIN COUNTY 2016 PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSORS RECOMMENDATION 2015 Land: $44,500 2016 Land: $46,000 Land: $46,000 2015 Bldg: $87,700 2016 Bldg: $114,000 Bldg: $114,000 2015 Total: $132,200 2016 Total: $160,000 Total: $160,000 Style/Story Height: Ground Floor Area: Bsmt. Area: Rambler Age: 1960 1081 Sq. Ft. Above Grade Area: 1081 Sq. Ft. Central Air: YES 100% Finished Bsmt Area: 80 % Walkout: YES # of Bedrooms: # of Fireplaces: 0 Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 40 Garage 1: 768 Sq.Ft. Type: DETACHED Lot Size: 11120 Sq. Ft. Acres: 0.26 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 80 ft. Effective Frnt: Oft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection 5.1-4 NAME: 2015-3 lH2 BORROWER L P ADDRESS: 4019 Joyce Ln PID #: 34-119-21-34-0102 Sale Date: 04/2013 Sale Price: $134,000 Appraiser: KELLY JACOBSSON DATE: 4/27/2016 Jrnovotive SfitTe,is 500 E. Broward Blvd. Suite 1130 tc,Taxin9P,obf,ns. Fort Lauderdale FL 33394 Tel. 954.740.6240 Fax 972.960.06 13 Ww.ryar1.com Friday, April 08, 2016 Hennepin County Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of 2015-3 1H2 Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 4019 Joyce Ln çj11 Brooklyn Center Parcel: 34-119-21-34-0102 Acquired Price: $134000 Acquired Date: 4/29/2013 Target Value: $151924.22 Appeal Basis: Based on market data, the petitioner does not agree with the property value. *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Sub/eel Building/LivinArea" by the "Average Price/Sq/i" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppeals@ryan.com or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Hennepin County Property Map Date: 4/15/2016 Comments:PARCEL ID: 3411921340102 OWNER NAME: 2015-3 1h2 Borrower L P PARCEL ADDRESS: 4019 Joyce La, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.26 acres, 11,229 sq ft A-T-B: TorrenS MARKET VALUE: $132,200 TAX TOTAL: $3,185.02 SALE PRICE: $134,000 SALE DATA: 04/2013 SALE CODE: Warranty Deed This data ) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT ©HENNEPIN COUNTY 2016 50i=5 NAME: RHA 3 LLC ADDRESS: - 4307 66th Ave N PID #: 34-119-21-23-0036 Sale Date: 06/2014 Sale Price: $124,000 Style/Story Height: Ground Floor Area: Bsmt. Area: Rambler Age: 1959 1000 Sq. Ft. Above Grade Area: 1000 Sq. Ft. Central Air: YES 100% Finished Bsmt Area: 50 % Walkout: YES # of Bedrooms: # of Fireplaces: 0 Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 0 Garage 1: 294 Sq.Ft. Type: ATTACHED Lot Size: 10125 Sq. Ft. Acres: 0.23 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 75 ft. Effective Frnt: Oft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT 2015 Land: $44,500 2015 Bldg: $87,900 CURRENT ASSESSMENT 2016 Land: $46,000 2016 Bldg: $97,000 ASSESSOR'S RECOMMENDATION Land: $46,000 Bldg: $97,000 2015 Total: $132,400 2016 Total: $143,000—Total: $143,00011 iser: KELLY JACOBSSON DATE: 4/27/2016 Ry -:,inSo1utiois to '.inq Ptolle.mc. 500 E. Broward Blvd. Suite 1130 Fort Lauderdale, FL 33394 Tel. 954.740.6240 Fax 972.960.0613 www.ryan.com Friday, April 08, 2016 Hennepin County Assessor 300 South 61h Street, Room A2103 Minneapolis, AN 55487 10 lk^ Dear Sir/Madam, On behalf of RHA 3 LLC, we at Ryan, LLC would like to file an appeal for the 2016 value with the Heimepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 4307 66th Ave N çjy Brooklyn Center Parcel: 34-119-21-23-0036 A cquired Price: $124000 Acquired Date:-6/12/2014 Target Value: $135900 App eal Ba sis: Based on market data, the petitioner does not agree with the property value. *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Subject B u i1dhg JnArea" by the "Average Price/SO" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppealS@rYafl.00fl1 or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Hennepin County Property Map Date: 4/15/2016 AWL - \ - Litue _ 42 3€Ib 43Cii 4iI' ZP I 1 inrh 50 feet PARCEL ID: 3411921230036 Commeflts OWNER NAME: Rha 3 LIc PARCELADDRESS 4307 66th Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 10,102 sq ft A-T-B: Abstract This data (I) is furnished 'AS IS' with no representation as to completeness orMARKET VALUE: $132,400 accuracy; (ii) is furnished with no O warranty of any kind; and (iii) is notsui tab le TAX TOTAL: P''2 ,'+ IO.'' for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage, injury or loss resulting from this data. SALE PRICE: $124,000 SALE DATA 06/2014 COPYRIGHT©HENNEPIN COUNTY 2016 SALE CODE: Warranty Deed 5i=6 NAME: 2014-2 IH BORROWER L P ADDRESS: 5043 Brooklyn Blvd PlO #: 10-118-21-14-0006 Sale Date: 03/2013 Sale Price: $76,770 Style/Story Height: Ground Floor Area: Bsmt. Area: 1.25 Story Age: 1953 1668 Sq. Ft. Above Grade Area: 2102 Sq. Ft. Central Air: YES 100 % Finished Bsmt Area: 30 % Walkout: YES # of Bedrooms: 3 #of Fireplaces: 3 Baths: Deluxe: 0 Full: 1 3/4: 0 1/2: 1 Porches: Glazed: 0 Open: o Screened: 0 Deck: 128 Garage 1: 728 Sq.Ft. Type: ATTACHED Lot Size: 12776 Sq. Ft. Acres: 0.29 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 75 ft. Effective Frnt: 0 ft. peal received 4/11/16 from Ryan, LLC. Request for interior inspection was madeF:d has gone unanswered. Recommendation for No Change to allow applant y to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT CURRENT ASSESSMENT 2015 Land: $39,600 2016 Land: $37,000 2015 Bldg: $155,400 2016 Bldg: $166,000 2015 Total: $195,000 2016 Total: $203,000 Appraiser: KELLY JACOBSSON ASSESSORS RECOMMENDATION Land: $37,000 Bldg: $166,000 Total: $203,000 DATE: 4/27/2016 Ry t Tcsing P,chun. 500 E. Broward Blvd. Suite 1130 Fort Lauderdale FL 33394 Tel. 954.740.6240 Fax 972.960.0613 www.ryarl.COm Friday, April 08, 2016 Hennepin Count Assessor 300 South 6th Street, Room A2103 Minneapolis MN 55487 Dear Sir/Madam, On behalf of 2014-2 IM Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the will find evidence that suppo rt s our claim for a reduction in value. Heirnepifl County Assessor. Attached you p ro perty Address: 5043 Brooklyn Blvd Brooklyn Center Parcel: 1011821-140006 Acquired Price: $76770 Acquired Date: 3/26120 13 Tar g et Y1e: $196320.9 Based on market data, the petitioner does not a gr ee with the proper t y value. Appeal Basis: Note that for appeals with a Market Data Basis, the indicated TargeLValue is typically computed by "Subject by the " .a ePrice/Sit" of the sales sample. Both of multiplying the these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to Residefltia1APPl5@1a0m or please call me at 954-476-4265. Regards, "A ^' /^^ Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 - Hennepin County Property Map F _ I ' Date: 4/15/2016 Fr 4. 7 1 inch = 50 feet omments:PARCEL ID: 1011821140006 OWNER NAME: 2014-2 Ih Borrower L P PARCEL ADDRESS: 5043 Brooklyn Blvd Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.29 acres, 12,776 sq ft A-T-B: Abstract MARKET VALUE: $195,000 TAX TOTAL: $3,714.24 SALE PRICE: $76,770 SALE DATA: 03/2013 SALE CODE: This data (i) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (ii I) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage, injury or loss resulting from this data COPYRIGHT ©HENNEPIN COUNTY 2016 5.1 - 7 NAME: 11-13 PROPERTY MINNESOTA LP ADDRESS: 5112 7Oth Ave N PID #: 28-119-21-43-00 Lsaie Date: 01/2011 Sale Price: $150,000 Style/Story Height: Rambler Age: 1959 Ground Floor Area: 1000 Sq. Ft. Above Grade Area: 1000 Sq. Ft. Central Air: YES Bsmt. Area: 100% Finished Bsmt Area: 90 % Walkout: YES # of Bedrooms: Baths: Deluxe: o Full: 1 3/4: 1 1/2: 0 # of Fireplaces: I Porches: Glazed: 224 Open: o Screened: o Deck: 0 Garage 1: 308 Sq.Ft. Type: ATTACHED Lot Size: 10640 Sq. Ft. Acres: 0.24 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 0 ft. Effective Frnt: 0 ft. Comments:Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspect-ionwas made 4/14/16 and has gone unanswered. Recommendation for No Chance to allow appealant çpportunitv to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT CURRENT ASSESSMENT 2015 Land: $41,600 2016 Land: $43,000 2015 Bldg: $122,200 2016 Bldg: $134,000 2015 Total: $163,800 2016 Total: $177,000 raiser: KELLY JACOBSSON ASSESSOR'S RECOMMENDATION Land: $43,000 $134,000 Total: $177,000 DATE: 4/27/2016 500 E . Broward Blvd OU1 )® Suite 1130 Fort Lauderdale FL 33394 I 2400.6240Tel. 954.74M k 972.960.0613 www.ryan.com Friday, April 08, 2016 Hennepin County Assessor 300 South 6th Street, Room A2103 Minneapolis MN 554i Dear Sir/Madam, On behalf of 11-13 proper BolTower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the H ennepin County Assessor. Att ached you will find evidence that supp o r t s our claim for a reduction in value. property Ad&^^ 5112 N 70th Ave çty Brooklyn Center Parcel: 28-119 -21-43 -0 033 Ac q u ire d riCi $147000 AccjrellatL 121'9 I 2Ol3 $152570 Ap p eal a5is: Based on market data, the petitioner does not agree with the pro perty value. *Note that for appeals with a Marke tData .B asis, the indicated TaL g et Jal11e is typically computed by m ultiplying the jec1i1diflg ZYLnAIeU by the "4 aeiceYfL" of the sales sample. Both of these values are located within the "SummaryStatistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all cor respondence to Res id e ntialAPPe @'a1m or please call me at 954-476-4265. Regards, 44,^nt ^ - 111A"^^ Bob Peyton Manager Ryan LLC 500 E. Browaid Blvd., Suite 1130 Fort Lauderdale, FL 33394 Hennepin County Property Map Date: 4/15/2016 Comments:PARCEL ID: 2811921430033 OWNER NAME: 1h3 Property Minnesota Lp PARCEL ADDRESS: 5112 70th Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCELAREA: 0.26 acres, 11,418 sq ft AT-B: Abstract MARKET VALUE: $163,800 TAX TOTAL: $2,989.54 SALE PRICE: $150,000 SALE DATA: 01/2011 SALE CODE: This data(i) is furnished 'AS IS' with no representation as to completeness or accuracy; (U) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hen nepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 PREVIOUS ASSESSMENT 2015 Land: $44,500 CURRENT ASSESSMENT 2016 Land: $46,000 ASSESSORS RECOMMENDATION Land: $46,000 2015 Bldg: $109,700 2016 Bldg: $112,000 Bldg: $112,000 2015 Total: $154,200 2016 Total: $158,000 Total: $158,000 Style/Story Height: Ground Floor Area: Bsmt. Area: Rambler Age: 1955 976 Sq. Ft. Above Grade Area: 976 Sq. Ft. Central Air: YES 100% Finished Bsmt Area: 80 % Walkout: YES # of Bedrooms: # of Fireplaces: 0 Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 322 Garage 1: 280 Sq.Ft. Type: DETACHED Lot Size: 10125 Sq. Ft. Acres: 0.23 Garage 2: Sq.Ft. Type: NONE Actual Frnt: Oft. Effective Frnt: 0 ft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection 5.1-8 NAME: - 11-13 PROPERTY MINNESOTA LP ADDRESS: 5931 Zenith Ave N PID #: 03-118-21-11-0078 Sale Date: 10/2013 Sale Price: $150,000 er: KELLY JACOBSSON DATE: 4/27/2016 Ry00W .3-0ltI0fl5 to To\,14 P,ot,Iomt 500 E. Broward Blvd. Suite 1130 Fort Lauderdale FL 33394 Tel. 954740.6240 Fax 972.960.0513 www.iyan.com Friday, April 08, 2016 Hennepin CountV Assessor 300 South 6th Street Room A2103 Minneapolis MN 55487 Dear Sir/Madam, On behalf of 1H3 Property Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with evidence that supports our claim for a reduction in value the Hennepin County Assessor. Attached you will find Property Address: 5931 N Zenith Ave cIi Brooklyn Center Parcel: 03-118-21-11-0078 Acquired Price: $150000 Acquired Date: 10/8/2013 Target Value: $138521.88 petitpasis Based on market data, the ioner does not agree with the property valueApl Note that for appeals with a Market Data Bask, the indicated Tar g et Value is typically computed by multiplying the "subJect Buildingivi1141" by the ',Aver a e iice(St" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialA eals@ryac0 or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 0311821110078 OWNER NAME: 1h3 Property Minnesota Lp PARCEL ADDRESS: 5931 Zenith Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 10,186 sq ft A-T-B: Torrens MARKET VALUE: $154,200 TAX TOTAL: $2,937.10 SALE PRICE: $150,000 SALE DATA: 10/2013 SALE CODE: Warranty Deed Comments: This data (i) is furnished AS IS' with no representation as to completeness or accuracy; (H) is furnished with no warranty at any kind; and (Hi) is notsuitable for legal, engineering or surveying purposes. Hen nepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 5n1=9 NAME: 0-13 PROPERTY MINNESOTA LP ADDRESS: 6130 Scott Ave N 33-119-21-43-0019 Sale Date: 11/2013 Sale Price: $98,220 Style/Story Height: Ground Floor Area: Bsmt. Area: Rambler Age: 1958 1065 Sq. Ft. Above Grade Area: 1065 Sq. Ft. Central Air: YES 100% Finished Bsmt Area: 50 % Walkout: YES r of Bedrooms: # of Fireplaces: 0 Baths: Deluxe: 0 Full: 1 3/4: 0 1/2: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 0 Garage 1: 750 Sq.Ft. Type: DETACHED Lot Size: 11048 Sq. Ft. Acres: 0.25 [Garage 2: Sq.Ft. Type: NONE Actual Frnt: 132 ft. Effective Frnt: Oft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSORS RECOMMENDATION 2015 Land: $44,500 2016 Land: $46,000 Land: $46,000 2015 Bldg: $97,500 2016 Bldg: $110,000 Bldg: $110,000 2015 Total: $142,000 2016 Total: $156,000 Total: $156,000 raiser: KELLY JACOBSSON DATE: 4/27/2016 500 E . Blvd. suite 11 30 Fort Lauderdale FL 33394 Tel. 954.7406240hifloV tmvinaF0(I15 Fax 972.960.0613 vWW ryan. corn Friday, April 08, 2016 Hennepin C-0-1-11-7-tY-Ass essor 300 Soyth 6th Sireet, K00177 A2 103 Alffimeavolf-5 AM 5548 Dear Sir/Madam, On behalf of 1H3 P ro perty Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that suppo1S our claim for a reduction in value. Scott AveN ciiyi B r ooklyn Center Parcel: 3311921430019 rerici $98220 Acqui red D ate: 1 1 /8 I 23 Based on market data, the petitioner does not agree with the prope1Y value. Appeal Basis: *Note that for appeals with a h indicatedndicated et Value is typically computed by mu ltiplying the by the of the sales sample. Both of these values are located within the "SummarY Statistics" section of the market analysis report (which is typ i ca lly located on page 2 of the report). Please send all correspondence to 4ntialAPP iaftc01u or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Comments: This data(i)is furnished 'AS IS' with no representation as to completeness or accuracy; (t) is furnished with no warranty of any kind; and (ill) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 3311921430019 OWNER NAME: 1h3 Property Minnesota Lp PARCEL ADDRESS: 6130 Scott Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.26 acres, 11,215 sq ft A-T-B: Torrens MARKET VALUE: $142,000 TAX TOTAL: $2,591.66 SALE PRICE: $98,220 SALE DATA: 11/2013 SALE CODE: SJ - 10 H NAME: RHA 3 LLC ADDRESS: - 6501 Beard Ave N PID #: 34-119-21-13-0067 Sale Date: 1212014 Sale Price: $150,250 Style/Story Height: Rambler Age: 1958 Ground Floor Area: 968 Sq. Ft. Above Grade Area: 968 Sq. Ft. Central Air: YES Bsmt. Area: 100% Finished Bsmt Area: 80 % Walkout: YES # of Bedrooms: # of Fireplaces: 0 Baths: Deluxe: 0 Porches: Glazed: 0 Full: 1 3/4: 1 1/2: 0 Open: 0 Screened: 0 Deck: 0 Garage 1: 546 Sq.Ft. Type: DETACHED Garage 2: Sq.Ft. Type: NONE Lot Size: 10125 Sq. Ft. Acres: 0.23 Actual Frnt: 75 ft. Effective Frnt: 0 ft. Comments: Written appeal received 4/11/16 from Ryan,LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT CURRENT ASSESSMENT 2015 Land: $42,200 2016 Land: $43,000 2015 Bldg: $99,200 2016 Bldg: $109,000 2015 Total: $141,400 2016 Total: $152,000 Appraiser: KELLY JACOBSSON DATE: 4/27/2016 ASSESSORS RECOMMENDATION Land: $43,000 Bldg: $109,000 Total:$152,000 Ryan ) orxti'.' 5ohti':n5 To \;nq fl 500 E. Broward Blvd. Suite 1130 Fort Lauderdale, FL 33394 Tel. 954.740.6240 Fax 972.960.0613 wwV.ryafl.COm Friday, April 08, 2016 Hennepin CounI Assessor *jOU h 6th Street Room A2103 Minneapolis MN 55487 Dear Sir/Madam, On behalf of RHA 3 LLC, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 6501 Beard Ave N Ci ty Brooklyn Center Parcel: 34119-21-13-0067 Ac q u ired P rice: $150250 Acquired Date: 12/17/2014 Target Value: $145457Based on market data, the petitioner does not agree with the property value.Appeal Basis: *N o te that for appeals with a Market Data Basis, the indicated ygef Vaj is typically computed by multiplying the "Subject 11 j!diflg/LiViflg4rea" by the " aePrice(S.t" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to Residenhia1APPea@ 'an.c0m or please call me at 954-476-4265. Regards, 4&,ri,t -^ , 6,^^ Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Comments: This data (I) is furnished AS IS' with no representation as to completeness or accuracy; (H) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 3411921130067 OWNER NAME: Rha 3 LIc PARCEL ADDRESS: 6501 Beard Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 10,143 sq ft A-T-B: Torrens MARKET VALUE: $141,400 TAX TOTAL: $2,580.70 SALE PRICE: $150,250 SALE DATA: 12/2014 SALE CODE: Warranty Deed PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSO=RECOMMENDATION 2015 Land: $40,000 2016 Land: $41,000 Land: $41,000 2015 Bldg: $104,900 2016 Bldg: $115,000 Bldg: $115,000 2015 Total: $144,900 2016 Total: $156,000 Total: $156,000 Sale Date: 0112014 Sale Price: $145,500 Style/Story Height: Ground Floor Area: Rambler Age: 1955 922 Sq. Ft. Above Grade Area: 922 Sq. Ft. Central Air: NONE Bsmt. Area:100 % Finished Bsmt Area: 80 % Walkout: YES # of Bedrooms:Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: 0 # of Fireplaces: 0 Porches: Glazed: o Open: o Screened: 0 Deck: 0 Garage 1: 528 Sq.Ft. Type: ATTACHED Lot Size: 10050 Sq. Ft. Acres: 0.23 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 75 ft. Effective Frnt: Oft. Fmments:itten appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/16 and has gone unanswered. Recommendation for No Change to allow appealant portunity to appeal to county board and schedule interior inspection SJ - 11 NAME: IH3 PROPERTY MINNESOTA LP ADDRESS: 6718 Scott Ave N PID #: 33-119-21-12-0077 raiser: KELLY JACOBSS0N DA4LJ/UIO Ryan )500 E. Broward Blvd. ovj(h , SOlUtiC'flS t ., T,7 6,g P. able ms. Fort Lauderdale, FL 33394 Tel, 954.740.6240 Fax 972.960.0613 wv.ryan.com Friday, April 08, 2016 Hennepin County Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of 1H3 Property Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 6718 Scott Ave N C i ty. Brooklyn Center Parcel: 33-119-21-12-0077 Acquired Price: $145500 Acquired Date: 1/22/2014 Target Value: $132401.6 Appeal Basis: Based on market data, the petitioner does not agree with the property value. *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Subject Building/LivinArea" by the "Average Price/Sgft"of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppeals@ryan.com or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 3311921120077 OWNER NAME: 1h3 Property Minnesota Lp PARCEL ADDRESS: 6718 Scott Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 10,052 sq ft A-T-B: Torrens MARKET VALUE: $144,900 TAX TOTAL: $2,644.58 SALE PRICE: $145,500 SALE DATA: 0 1/2014 SALE CODE: Comments: This data (I) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 51i-12 NAME: 2015-3 1H2 BORROWER L P ADDRESS: 6830 Scott Ave N PID #: 33-119-21-12-0059 [le Date: 0612013 Sale Price: $109,000 Style/Story Height: Rambler . Age: 1955 Ground Floor Area: 912 Sq. Ft. Above Grade Area: 912 Sq. Ft. Central Air: YES Bsmt. Area: 80% Finished Bsmt Area: 80 % Walkout: YES # of Bedrooms: Baths: Deluxe: 0 Full: 1 3/4: 0 1/2: 0 # of Fireplaces: 0 Porches: Glazed: 0 Open: 0 Screened: 200 Deck: 28 Garage 1: 528 Sq.Ft. Type: ATTACHED Lot Size: 10050 Sq. Ft. Acres: 0.23 Garage 2: 360 Sq.Ft. Type: DETACHED Actual Frnt: 75 ft. Effective Frnt: 0 ft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant onDortunity to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT 2015 Land: $40,000 2015 Bldg: $102,100 2015 Total: $142,100 CURRENT ASSESSMENT 2016 Land: $41,000 2016 Bldg: $112,000 2016 Total: $153,000 raiser: KELLY JACOBSSON DATE: 4/27/2016 500 E. Broward Blvd Suite 1130 to Ta ,Fort Lauderdale, FL 33394 Tel, 954.740.6240 Fax 972.960.0613 www.ryan.com Friday, April 08, 2016 Hennepin Counts' Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of 2015-3 1H2 Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 6830 Scott Ave N C i ty: Brooklyn Center Parcel: 33-119-21-12-0059 Acquired Price: $109000 Acquired Date: 6/28/201 3 Target Value: $125589.2 Appeal Basis: Based on market data, the petitioner does not agree with the property value. *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Subject Building/Living Area" by the "Average Price/Sgt" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppeals@,ryan.com or please call me at 954-476-4265. Regards, 4t-e'n4 ^Z, 119,0-^ Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 - , ••, cff ____ ,• • F Eli, F 1 inch = 50 feet I Comments: This data (i) is furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data COPYRIGHT © HENNEPIN COUNTY 2016 • Hennepin County Property Map Date: 4/15/2016 *$ r II kiL I ___ ___ F11 f I _____ PARCEL ID: 3311921120059 OWNER NAME: 2015-3 1h2 Borrower L P PARCEL ADDRESS: 6830 Scott Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 10,029 sq ft A-T-B: Torrens MARKET VALUE: $142,100 TAX TOTAL: $2,593.48 SALE PRICE: $109,000 SALE DATA: 06/2013 SALE CODE: Warranty Deed 501=43 NAME: RHA 3 LLC ADDRESS: 6907 West Palmer Lake Dr PID #: 27-119-21-43-0102 Sale Date: 06/2014 Sale Price: $151,500 Style/Story Height: Ground Floor Area: Area: Rambler Age: 1958 1012 Sq. Ft. Above Grade Area: 1012 Sq. Ft. Central Air: YES 100% Finished Bsmt Area: 80 % Walkout: YES Bedrooms: L F i replaces: 0 Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 0 Garage 1: 280 Sq.Ft. Type: DETACHED Lot Size: 9400 Sq. Ft. Acres: 0.22 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 85 ft. Effective Frnt: Oft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT CURRENT ASSESSMENT 2015 Land: $41,600 2016 Land: $41,000 2015 Bldg: $110,400 2016 Bldg: $121,000 2015 Total: $152,000 2016 Total: $162,000 PAooraiser: KELLY JACOBSSON DATE: 4/27/2016 ASSESSOR'S RECOMMENDATION Land: $41,000 Bldg: $121,000 Total:$162,000 Ryan.). - io!utions to Thin rhIor,s. 500 E Broward Blvd. Suite 1130 Fort Lauderdale, FL 33394 Tel. 954.740.6240 Fax 972.960.0613 wtw.ryan.corn Friday, April 08, 2016 Hennepin County Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of RHA 3 LLC, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 6907 W Palmer Lake Dr Brooklyn Center Parcel: 27-119-21-43-0102 Acquired Price: $151500 Acquired Date:-7/2/2014 Target Value: $152392.08 Appeal Basis: Based on market data, the petitioner does not agree with the property value. *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Subject Bui1din'/Living Area" by the "Average Price/Sgft" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppeals@ryan.com or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 F. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 I Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 2711921430102 OWNER NAME: Rha 3 LIc PARCEL ADDRESS: 6907 Palmer Lake Dr W, Brooklyn Center MN 55429 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.2 acres, 8,850 sq ft A-T-B: Torrens MARKET VALUE: $152,000 TAX TOTAL: $2,774.16 SALE PRICE: $151,500 SALE DATA: 06/2014 SALE CODE: Warranty Deed Comments: This data(i)is furnished AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuitsble for legal, engineering or surveying purposes I-len nepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 Inw,14 NAME: 2015-3 1H2 BORROWER L P ADDRESS: 7013 Freemont Ave N PID #: 25-119-21-33-0063 Sale Date: 08/2013 Sale Price: $136,000 Style/Story Height: Ground Floor Area: Bsmt. Area: Rambler Age: 1965 1037 Sq. Ft. Above Grade Area: 1037 Sq. Ft. Central Air: YES 100% Finished Bsmt Area: 80 % Walkout: YES # of Bedrooms: # of Fireplaces: I Baths: Deluxe: 0 Full: 1 3/4: 1 1/2: 0 Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 0 Garage 1: 768 Sq.Ft. Type: DETACHED Lot Size: 10015 Sq. Ft. Acres: 0.23 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 75 ft. Effective Frnt: Oft. Comments: Written appeal received 4/11/16 from Ryan, LLC. Request for interior inspection was made 4/14/16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSOR'S RECOMMENDATION Land: $37,0002015 Land: $40,000 2016 Land: $37,000 2015 Bldg: $128,700 2016 Bldg: $142,000 Bldg: $142,000 Total: $179,0002015 Total: $168,700 2016 Total: $179,000 Appraiser: KELLY JACOBSSON DATE: 4/27/2016 RyOIp. SE. Broward Blvd Suite 1130flOto Th' Fort Lauderdale, FL 33394 Tel. 954.740.6240 Fax 972.960.0613 www.ryan.com Friday, April 08, 2016 Hennepin County Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of 2015-3 1H2 Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 7013 N Fremont Ave City: Brooklyn Center Parcel: 25-119-21-33-0063 Acquired Price: $136000 A cquired Date:-8/9/2013 Target Value: $138550.07 Appeal Basis: Based on market data, the petitioner does not agree with the property value *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Subject Building/LivijigAre -i" by the "Avera'e Price/Sgfr" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to ResidentialAppeals,ryan.com or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Comments: This data (I) is furnished AS IS with no representation as to completeness or accuracy; (H) is furnished with no warranty of any kind; and (Hi) is not suitable for legal, engineering or surveying purposes. Hennepin County shall not be liable for any darriage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 Hennepin County Property Map Date: 4/15/2016 PARCEL ID: 2511921330063 OWNER NAME: 2015-3 1h2 Borrower L P PARCEL ADDRESS: 7013 Fremont Ave N, Brooklyn Center MN 55430 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.23 acres, 10,020 sq ft A-T-B: Abstract MARKET VALUE: $168,700 TAX TOTAL: $2,887.82 SALE PRICE: $136,000 SALE DATA: 08/2013 SALE CODE: Warranty Deed 50i==15 . ...... Aw NAME: 2015-3 1H2 BORROWER L P ADDRESS: 7141 Newton Ave N PID #: 26119-21-42-0085 Sale Date: 09/2013 Sale Price: $142,532 Style/Story Height: Rambler Age: 1961 Ground Floor Area: 1168 Sq. Ft. Above Grade Area: 1168 Sq. Ft. Central Air: YES Bsmt. Area: 100% Finished Bsmt Area: 90% Walkout: YES #of Bedrooms: Baths: Deluxe: i Full: 0 3/4: 1 1/2: 0 # of Fireplaces: I Porches: Glazed: 0 Open: 0 Screened: 0 Deck: 144 Garage 1: 294 Sq.Ft. Type: ATTACHED Lot Size: 9652 Sq. Ft. Acres: 0.22 Garage 2: Sq.Ft. Type: NONE Actual Frnt: 87 ft. Effective Frnt: 0 ft. F ments: ten appeal received 4/11/16 from Ryan, Lquest for interior inspection was made /16 and has gone unanswered. Recommendation for No Change to allow appealant opportunity to appeal to county board and schedule interior inspection PREVIOUS ASSESSMENT CURRENT ASSESSMENT ASSESSORS RECOMMENDATION- - 2015 Land: $40,000 2016 Land: $37,000 Land: $37,000 2015 Bldg: $119,200 2016 Bldg: $131,000 Bldg: $131,000 2015 Total: $159,200 2016 Total: $168,000 Total: $168,000 DATE 4/27/2016 RyOfl ) 500 5. Broward Blvd flGt. - )kJtiuJ to Tui.o P oi,fernc. Suite 1130 FortLauderdale, FL 33394 Tel. 954.740.6240 Fax 972.960 0613 %v.ryan.com Friday, April 08, 2016 Hennepin Count Assessor 300 South 6th Street, Room A2103 Minneapolis, MN 55487 Dear Sir/Madam, On behalf of 2015-3 11-12 Borrower LP, we at Ryan, LLC would like to file an appeal for the 2016 value with the Hennepin County Assessor. Attached you will find evidence that supports our claim for a reduction in value. Property Address: 7141 N Newton Ave çj Brooklyn Center Parcel: 26-119-21-42-0085 Acquired Price: $142532 Acquired Date: 9/6/2013 Target Value: $162452.99 Appeal Basis: Based on market data, the petitioner does not agree with the property value *N o t e that for appeals with a Market Data Basis, the indicated Target Value is typically computed by multiplying the "Subject Buildiii,/Living Area" by the "Average Price/Sqft" of the sales sample. Both of these values are located within the "Summary Statistics" section of the market analysis report (which is typically located on page 2 of the report). Please send all correspondence to Res identia1Ap peals ryan.com or please call me at 954-476-4265. Regards, Bob Peyton Manager Ryan LLC 500 E. Broward Blvd., Suite 1130 Fort Lauderdale, FL 33394 Comments: This data (i) IS furnished 'AS IS with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (ti) is notsuitable for legal, engineering or surveying purposes. Hennepin County shall not be liable forany damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 Hennepin County Property Map Date: 4/15/201E 711 f48 1, JA L*L. - - - lB r iLL r, ri 1 inch 50 feet PARCEL ID: 2611921420085 OWNER NAME: 2015-3 1h2 Borrower L P PARCEL ADDRESS: 7141 Newton Ave N, Brooklyn Center MN 55430 PROPERTY TYPE: Residential HOMESTEAD: Non-Homestead PARCEL AREA: 0.22 acres, 9,652 sq ft A-T-B: Torrens MARKET VALUE: $159,200 TAX TOTAL: $3,359.46 SALE PRICE: $142,532 SALE DATA: 09/2013 SALE CODE: H Hennepin County Assessor Department A-2103 Government Center www.co.henflePin.mn .US 300 South Sixth Street Minneapolis, Minnesota 55487-0213 To: Brooklyn Center Board of Equalization From: Jeff Nienaber, Senior commercial Appraiser RE: PID 10118-21-24-0002, 3800 50th Avenue N, Brooklyn Center MN 55429 The owner of this property, Mr. Kirt Woodhouse, called the week before the Local Board of Equalization regarding the increase in his property value. Mr. Woodhouse stated he would supply income and expense information when his accounted return from out of town. This was anticipated to be after the local board convened and he wanted to be placed on the list to protect his appeal rights should he choose to appeal to the County Board of Equalization. Mr. Woodhouse was inadvertently omitted from the local board list and needs to be added as an appellant. The county recommends no change in value due to the fact no access has been granted for an inspection, and income and expense information has yet to be provided to this office. However, Mr. Woodhouse retains his rights to appeal to the County Board of Equalization as he should have been placed on the original list of appellants. Respectfully, Jeff Nienaber Senior commercial Appraiser State Certified General Appraiser 40450206 Hennepin County Assessor A-2103 Government Center 300S.6 th Street Minneapolis, MN 55487-0213 612-348-8444 Recycled Paper An Equal Opportunity Employer Gary Eitel From: Jeff Nienaber <Jeff.Nienaber@hennepin.us > Sent: Wednesday, April 20, 2016 9:08 AM To: Gary Eitel; Kelly Jacobsson Subject: Kirt Woodhouse - PID 10-118-21-24-0002 Gary, This is the property I emailed you on yesterday we missed at the meeting. He is unable to provide Income and expense data before the board reconvenes. I reviewed similar sales in the area and all are supportive of our assessed value (or greater). The assessors' office recommendation for the reconvened meeting on the 25th is for no change at this time. If Mr. Woodhouse provides us with the required information before the county board, we will consider the information at that time. Feel free to call me if you have any questions. Respectfully, Jeff Nienaber Senior Commercial Appraiser State Certified General Appraiser 40450206 Hennepin County Assessor A-2103 Government Center 300S.6 th Street Minneapolis, MN 55487-0213 612-348-8444 Disclaimer: If you are not the intended recipient of this message, please immediately notify the sender of the transmission error and then promptly delete this message from your computer system. - • Hennepin County Property Map Date: 4/28/2016 j I -'TS -VT !q _4 217h11tnIL'itnwe N0111-1 AIR- l:1 PIZ- Z' - - '-- - F —. - ' .-- rt-tI- ______________________________ PARCEL ID: 1011821240002 OWNER NAME: 5001 investments L P PARCEL ADDRESS: 3800 50th Ave N, Brooklyn Center MN 55429 PROPERTY TYPE: Industrial- Preferred HOMESTEAD: Non-Homestead PARCEL AREA: 6.21 acres, 270,321 sq ft A-T-B: Abstract MARKET VALUE: $3,771,000 TAX TOTAL: $165,313.72 SALE PRICE: $1,650,000 SALE DATA: 07/2004 SALE CODE: This data (I) is furnished 'AS IS with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (Iii) is notsuitable for legal, engineering or surveying purposes. Hennepin county shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT © HENNEPIN COUNTY 2016 1 inch = 200 feet Comments: 5.k Hennepin County Assessor Department A-2103 Government Center 300 South Sixth Street Minneapolis, Minnesota 55487-0213 To: Brooklyn Center Board of Equalization From: Jeff Nienaber, Senior Commercial Appraiser RE: PID 35-119-21-23-0086, 2781 Freeway Boulevard, Brooklyn Center MN www.co,hennepin,rnn.us The owner of this property, Mr. Allen Franz, called the day after the Local Board of Equalization regarding the increase in his property value. The property was inspected and revealed some obsolescence created by the design of the building when It was originally constructed. Additionally, there ae vacancy issues and difficulty maintaining quality tenants in this area. The subject as value via the Income Approach utilizing the subject actual rents, which were deemed reasonable and appropriate expenses. It is therefore recommended to the local board of equalization that the value be reduced from $1,188,000 to $980,000 for January 2, 2016. Respectfully, Jeff Nienaber Senior Commercial Appraiser State Certified General Appraiser 40450206 Hennepin County Assessor A2103 Government Center 300 S. 61h Street Minneapolis, MN 55487-0213 612-348-8444 An Equal OppOrtunity EmplOyer Recycled Paper Gary Eitel From: Jeff Nienaber <Jeff.Nienaber@hennepin.us > Sent: Tuesday, April 26, 2016 11:47 AM To: Gary Eitel; Kelly Jacobsson Subject: PID 35-119-21-23-0086 Attachments: Franz.pdf Please find attached the recommended change for the 2016 assessment. The appellant, Mr. Allen Franz of Franz Family Properties (owner) concurs with the value reduction. Respectfully, Jeff Nienaber Senior Commercial Appraiser State Certified General Appraiser 40450206 Hennepin County Assessor A-2103 Government Center 300S.6 th Street Minneapolis, MN 55487-0213 612-348-8444 Disclaimer: If you are not the intended recipient of this message, please immediately notify the sender of the transmission error and then promptly delete this message from your computer system. II... mci-i = 100 feet Comments: This data (i) IS furnished 'AS IS' with no representation as to completeness or accuracy; (ii) is furnished with no warranty of any kind; and (iii) is notsuilable for legal, engineering or surveying purposes. Hennepin County shall not be liable for any damage, injury or loss resulting from this data. COPYRIGHT ©HENNEPIN COUNTY 2016 Hennepin County Property Map Date: 4/28/20 4 LI PARCEL ID: 3511921230086 OWNER NAME: Franz Family Properties Lic PARCEL ADDRESS: 2781 Freeway Blvd, Brooklyn Center MN 55430 PROPERTY TYPE: Industrial- Preferred HOMESTEAD: Non-Homestead PARCEL AREA: 2.3 acres, 99,976 sq ft A-I-B: Torrens MARKET VALUE: $1,097,000 TAX TOTAL: $48,520.56 SALE PRICE: $275,000 SALE DATA: 06/2000 SALE CODE: Vacant Land