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D Cont of Bd Review CITY OF CHANHASSEN 77110 Ma~et Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.11110 Fax: 952227.1110 Building Inspecllons Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 RecrealionCen!er 2310Coulter8oulevard Phone: 952.227.1400 Fax 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 F..:952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 F..:952.227.1310 Senior Center Phone 952.227.1125 Fax: 952.227.1110 WebSile WoNW.ci .chanhassen,mn. us D . MEMORANDUM TO: Mayor City Council FROM: ~~ Todd Gerhardt, City Manager DATE: May 8, 2002 SUBJ: Continuation of the Board of Review Attached please find appeals from 21 property owners in Carver County and one property owner in Hennepin County. For each parcel there is an appeal form with basic property information, current valuation, and a recommendation as to whether or not a change should be made in value. Some of the parcels have additional information attached as support for the recommendation. If you so desire, you may pass a single motion to approve all of the appeals as recommended. g:\admin\tg\bor 2002 final.doc J The Cily of Chanhassen . A growing community with clean lakes. quality schools, a channinq downtown. thrivlno businesses winninn I"ils "n h""lil,, n"¡' An." nr", 'n ¡;", ''',,' ,"" "',,' A Mr. Todd Gerhardt City of Chanhassen 7700 Market Blvd. PO Box 147 Chanhassen, MN 55317 J1 .:~ ¡~:' RECEIVED APR 1 6 2002 CITY OF CHANHASSE I . "..,~ " 4·, j. .' . .. .- .:I' I / .,.. : April 16, 2002 ..-;' Re: Market Valuation for 7580 Quattro Drive, Prop. 10 #07-116-22 31 0069 Dear Mr. Gerhardt, Please consider this letter as an appeal to the 2002 Real Estate Valuation for the property listed above. I have contacted Mr. Ray Shudy of the Hennepin County Assessor Department and have not been able to reconcile the estimated market value to what I believe is true market value. I have been in contact with commercial realtors from Welsh Companies and CB Richard Ellis and they have stated that commercial real estate prices are soft. Below are some comparable properties in this area that I'm making my statements on: L) Electro Scientific Industries building (PID 07-116-22-31-0070) at 7600 Quattro (next door) is the same type of building and has been on the market for six months. Offers are coming in at about $45-501 sq. ft. The listing agent says he's hoping to get between $50-54/sq. ft. 2.) Versatil, (PID 07-116-22-34-0017) across the street is being listed at $42/ft. 3.) 7677 Equitable Dr., in Eden Prairie recently closed at $54/ft. This is a 34,000 sq. ft. office/warehouse with 24' clear warehouse in very desirable area. I believe a more accurate Market Value for the subject property would be in the range of $1,150,000 to $1,200,000. I respectfully request that the subject property be adjusted to reflect a more accurate market value. Should you have any questions or require additional information, please feel free to contact me. Thank YOU for Your consideration on this matter. .' \ . i _._0--- \:.:---__ ~._ (_ Steven Hall ) HallEroperties International, LLC .f ___ _ _____ MAY-08-2002 16:13 HENNEPIN CTY ASSESSOR 612 348 8751 P.02/05 .~ .~ Memo "" To: The City of Chanhassen Board of Review From: Ray Shudy Date: May 8, 2002 Re: Local Board of Review Appeal: Steven Hall, 7580 Quattro Drive PID: 07-116-22-31-0069 Prior to the first meeting of the Local Board of Review I reviewed the property at 7580 Quattro Drive in the City of Chanhassen. Based on my review, I reduced the value of the subject property to $1,300,000 or $56.84 per square foot This is the same as the 2001 estimated market value. The subject property is a 22,872 square foot, industrial flex building constructed in 1997 on a 74,320 square foot site. The building has an overall height of 18 feet and a clear height of 16 feet. 55% of the building is air conditioned and office or lab/manufacturing area. The remaining space is storage warehouse. The building is in good condition. The property next door to the subject property at 7600 Quattro Drive is for sale and is listed at approximately $59.00 per square foot. No sale has occurred at this time. The broker expects to sell the property at between $50 to $55 per square foot. This property was constructed in 1990, with an addition in 1995. It is 28,682 square feet in size, has a 14 foot wall height with a 12 foot clear height. All of the facility is air conditioned. Twenty percent of the space is finished office. The remaining space is high tech manufacturing and warehouse area. Comparable sales: 1) 8385 Commerce Drive, Chanhassen - Sold June, 2001 for $1,500,000, $59.46 per square foot. Constructed in 1995, Building size: 25,227 square feet. Land area: 94,050 square feet. 2) 7850 Park Drive, Chanhassen - Sold July, 2001 for $1,350,000, $58.57 per square foot. Constructed In 1987. Building size: 23,050 square feet. 20 % office area. Land area: 91,040 square feet. I recommend no change to the Board of Review. MAY-08-2002 16:13 HENNEPIN CTY ASSESSOR 612 348 8751 P.03/05 Type: 3022-Hl0 CHANHASSEN/CARVER PROPERTY TYPE E-59 - PRIADD: 78SO PARK DR 3B-445 PIt>: 25-1920010 BRlLEGAL: Lot: 1 BJk: 1 Subel: CHANHASSEN LAKES BUS. PARK 41H .~ PHONE: 952-935-7741 , BUYER: Mustang Ll.C, MN 55345 I 3792 WillistrJn R¡; Minnetonlca SELLER: ]er gens Property Maf1i9l!ment:, Co PHONE: 952-<170-4191 4645 Old Kent R¡; Deephaven MN , MKT VALUE: 882,200.00 PUR PRICE 1,350,000.00 PROP TYPE: E·S9 TAXES: 41,on.00 DOWN PAYMT 135/000,00 YEAR BUn. T: 19B7 L/SA/AMT: 0.00 PERS PROP: 0.00 ALE NUMBER: 53343 LISA/DATI:: POINTS-Buyer: 0.00 FILE DATE: 07/24/2001 PUR AGREEMENT: 7/5/01 POINTS-Sellr: 0.00 CLOSING DATE: 07{05/2001 DEED/'M'E: WD MGTE.{CONTRACT MON1HLY PAYMT % INTEREST NO. of PAYMT BALLOON DATE 1: 0.00 0.00 0.000 0 2: 0.00 0.00 0.000 0 3: 0.00 0.00 0.000 0 I COMMENTS: 0 I , ! PERSON FlUNG: David l Lenhardt ~ II ZONINGNSAGE: lOP Ind Ofc Park lAND SIZE: 91,040 SF # BIdg5: 1 # Stories: 1 BUILOING SIZE: 23.050 GBA 20% Ofc: Sor - Yes: No AC 1S'6. t;1 BUILDING TYPE: 10{31{2oo1 Datcl-cRev Copyright 2000 Plat SyStem ServIces, In~. Plat System Services, Inc. has made every effort to obtain accufilte and current Infonnation, but In no manner Is the information contclined herein 9""",nteed. and the publisher shall not be responsibte for any loss caused by the IleQlioenœ of any of its aoents or emolovees In DrocuMno. comoilino or MAY-08-2002 16:14 Type: 3023-HI0 HENNEPIN CTY ASSESSOR 612 348 8751 P.04/05 CHANHASSEN/CARVER I - .-. I .~,- -----, PR/ADD: 8385 COMMERCE DR 211-445 PlD: 25-1650070 i I ... - ,,- ..-; BR/LEGAL: Lot: 7 Blk: 1 5ubd: OiANHASSEN BUSINESS CENlER 2ND i '~- j PHONE: 952-937-1000 BUYER: 1660 Group LLC, I 1660 lake Dr West O1anhassen MN 55317 J . SEUER: Cerami Haidle and Cerami LLC, PHONE: 952-361-6667 1640 lake Dr west ChanhasSen MN 55317 MKT VAlUE: 958,800.00 PUR PRICE 1,500,000.00 PROP TYPE: ~'2~l TAXES: 44,816.00 DOWN PAYMT 0.00 YEAR BUILT: 1995 l/SA/AfoIT: 1,178,448.00 PERS PROP: 0.00 FILE NUMBER: 53179 I LlSNOATE: 06/1998 POINTS-Buyer: 0.00 ALE DATE: 07/02/200~J PUR AGREEMENT: 6/20/01 POINTS·Sellr: 0.00 ClOSING DATE: 06/20/2001 DEED/TYPE: WD .. MGTE./CONTRACT MONTHLY PAYMT % INTEREST NO. of PAYMT 6ALLOON DATE 1: 0.00 0.00 0.000 0 2: 0.00 0.00 0.000 0 3: 0.00 0.00 0.000 0 COMMENTS: 0 '1 I - ..~ PERSON FILING: G John Gilbertson 5r PROPERTY TYPE B·21 r II # stories: 1 ZONING/USAGE: PUD Planned Unit Dev lAND SIZE: 94,050 SF BUILDING SIZE: 25.227 GBA SrJr/AC BUILDING TYPE: Industrial DlWibution 5 1# t i , # Bldgs: 1 f çq.tf c. 10/31/2001 Data-cREV Copyright 2000 Plat System 5eNiœs, Inc. at Sysœm Services, Inc. has made every effort to obtain accurate and current information, but in no manner is the informa~on contained herein ¡aranteed, and the publisher shall not be responsible for any toss caused by the negligence of any of Its agents or employees in procuring, compiling or .... .. .... ,'.- MAY-08-2002 16:14 HENNEPIN CTY ASSESSOR 612 348 8751 P.05/05 April 18, 2002 Steven Hall C/O Hall Properties International, LLC 5559 Bristol Lane Minnetonka, MN 55343 Dear Mr. Hall; Re: PID #07-116-22-31-0069 As you requested, we have reviewed the assessment on your real property located in the City ofChanhassen. A review of the 2002 assessment of the above mentioned parcel has resulted in the following determination. Previous Estimated Market Value - Estimated Market Value Reduced To - $1,400,000 $1,300,000 Our records are being adjusted accordingly. Very truly yours, Ray Shudy, SAMA Senior Appraiser RS:jb TOTAL P. 05 Commercial: 1) LeVeme Vassar Residential: 2) John and Beverly Bell 3) Patricia DeZiel 4) JeffDypwick 5) Dennis Fisher 6) Ronald Frigstad 7) Getsch Corp. 8) Getsch Corp. 9) Christopher Kimsal 10) Rob Olson Jl City of Chanhassen 2002 Board of Review and Equalization 2nd Meeting May 13, 2002 PID 25.0900080 PID 25.0900080 PID 25.0880440 PID 25.0253000 and PID 25.0363900 PID 25.3580030 PID 25.0920010 PID 25.2880010 PID 25.2880020 PID 25.8590430 PlD 25.2610010 Agenda 285 Flying Cloud Drive 9371 Kiowa Trail 2382 Harvest Way 10300 Great Plains Blvd 7501 Erie Avenue 9270 Kiowa Trail xxx Dogwood 7530 Dogwood 7040 Derby Drive 7700 Crimson Bay Road The owners have been contacted regarding our recommendations for the following appeals and aæ in agreement with our recommendations or have requested that their appeals be withdrawn. You may wish to ask if anyone in allendance would like to speak to their appeal and ifnone, make asingle motion to accept the assessor's recommendations for them as a group. 11) Todd Deckard 12) Alan Fox 13) Brad Johnson 14) Arild Rossavik 15) Donald Sennes 16) Donald Sennes 17) Dean Stanton 18) John Thielen 19) John Thielen 20) Richard Vogel 21) Walter Whitehill PlD 25.2620330 PlD 25.8200130 PlD 25.1820320 PlD 25.3530020 PID 25.1600510 PID 25.1600500 PlD 25.7930110 PlD 25.6800010 PlD 25.6800020 PID 25.7420070 PID 25.0092500 6611 Arlington Court 7300 Laredo Drive 8026 Erie Ave. So. 8800 Powers Blvd. 6680 Mohawk Dr. 6680 Mohawk Dr. 510 Bighorn Drive 665 Pleasant View Road 665 Pleasant View Road 105 Pioneer Trail 7250 Hazeltine Blvd. If you have any questions prior to the board meeting, please call: Angie Johnson, Assessor 361-1961 Steven Clay, Sr. Appraiser 361-1973 . . BOARD OF APPEAL AND EQUALIZATION-2002 I APPEAL II PIDII DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 250363000 4/22/2002 V ASSAR,LE VERNE 285 FLYING CLOUD DR CHASKA DISTRIC CHASKA CITY PHONE MN 55318 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE S43,900 S8,600 $52,500 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE SO SO CLASS 233 0 ACTION TAKEN BY ASSESSOR: ANGIE J DATE: 4/22/2002 4.7 Acres@S9345/A(reducedforfloodptain);Bldg4750SF@ S1.811sf; GBA/EMV=St 1.05 Vacant land sales minimum@S20,400/A; Improved CII sales from St5.91 _ S56.62/GBA A copy of vacant land sales and comparable improved sales are attached -...----------- NO CHANGE Recommended ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+.) I I $43,900 S8,600 S52,500 SO NEW IMPRV. VALUE CHANG NEW GA LAND VALUE SO SO NEW CLASS CODE 233 0 .............----.-......---.-, , .--, . . .,".,............-,.... ..."...-..."...-..-,-."'" ACTION TAKEN BY BOARD: Approved as Recommended _Adjusted as noted: · · PROPERTY USE: Ind, Light Mfg. PROJECT NAME: ADDRESS: 400 RAILROAD ST AUDITOR ID: 50526 MUNICIPALITY: HAMBURG COUNTY: CARVER PIN #: 45·0500080 MULTIPLE PID: N CODE 494 GBA Seq # 1 RATIO COMMUNITY: 2640 N RC 10 DC COMP N NBRHOOD: · S ear 8ujlt/ EffectIve Year Built: 1920 1966 Buyer; BRYAN MALZ Const Quality! Condition: AVERAGE AVERAGE Seller: ROONEY & LORI MANTHEY Const Class! No, of Brdgs: Muon¡ySear1nQWalJ 1 Sale Data: Dale of Sate: 6130100 Total Purchase Price: $42,000 Exterior T~e I Roof Type: Concrete Block Gable 2nd ExterIor Type I Roof Cvr: T arms Set 1 Assume Ind: DN PMT·$34,660 S First Floor Area I GBA: 2.640 SF 2.640 SF Not AvaJlabJe $7,440 I PMT· $350 INT- 9.00 % PMTS·16 Z Total Floor Area: 2,640 SF BALLOON DATE .12/31/2001 E Sldg Perlm.1 Shape I No. Rms; 212 FI Rectangle & U Mezzanine Area I Use: o SF Set 2 Assume (od: S Bsmt Area I %Fln J %: SF 0% O%GBA PMTS· E PMT· INT· S BsmlUse: BALLOON DATE. 8sml FIn' %: SF 0% GBA FIrst Floor Use: CABINET MAKING SHOP First Floor SF I %: 2,640 SF 100% GBA Cash Equivalent Price: 8.42% $42,000 2nd+ Floor Use: Cash Equivalent AdJ: 2nd+ Floor SF I %: SF 0% GBA lESS: Personal Property: $0 T 01 Off Area: SF 0% GBA PLUS: Special Assessments: Ind: N $0 Cash Equivalent of Real Estate: $42.000 Primary Heating I Pet: Forced Air 100 % Sala Price Per Sq. Ft. TFA: $15.91 Sale Secondary Heatingl Pet: % Analysis: Sale Price Per Sq. Ft GBA: $15.91 AIr Conditioning Pct; % Sale Price Per Sq. Ft. NRA: Sprinklers I Elevators: 0 0 Sale Price Per Sq. Ft. land Area: $t2.35 I Garage I Ramp Spaces: Sale Price Per Room: Surface Parking Space: ParkIng Surface Type: Income Multiple Tenancy: Data: PRIVATE DATA Bldg HI IAvg Clear HI: 12.0 FT 12.0 FT # Stories: 1,0 Avg. Finished Ceiling Ht: FT Total Lend Area I Topography: 3,402 SF LEVEL Useable Land Area: ZonIng 1 Land Oef Cd: CII F Trackage I UI1IiUes: N ALL PUBLIC Land BlgRatio I Excess Land: 1.29 to One N Rent PRIVATE DATA Schedule: Environmental Concern Ind: Other Amenities: Summary Comments: · · · PROPERTY USE: Ind. Ught Mfg. PROJECT NAME: ADDRESS: 307 E 6TH AVE AUDITOR ID: 48507 .p OP RTY DESCRIPTION Year Built! Effective Year Buill: Cons! QUalltyl Condition: Const Classl No. of Btdgs: Exterior Type I Roof Type: 2nd Exterior Type I Roof Cvr: S First Floor Area I GBA: I Z E & U S E S T olal Floor Area: Bldg Perim./ Shape f No, Rms; Mezzanine Area I Use: 8sm! Area I %Fln I %; BsmtUse: Ssm! Fin {%; First FJoor Use: First Floor SF I %; 2nd-+ Floor Use: 2nd+ Floor SF I %: I I Pr;mary Heat;ng I Pct: I Secondary Heatingl Pct: ,Air Conditioning, Pet: Sprinklers I elevators; Garage I Ramp Spaces: Surface Parking Space: Parking Surface Type: Multiple Tenancy: Bldg HI IAvg Clear H!: #- Stories: Avg. Finished Ceiling HI: Totat land Area I Topography: Useable Land Area: Zoning ¡land Def Cd: Trackage I Utifities; Land S!gRaUo I Excess land: EnvIronmental Concern tnd: Tot Off Area: Other AmenitIes: Summary Comments: MUNICIPALtTY: CHASKA COUNTY: CARVER PIN #: 30.5400020 MULTIPLE PID: N 1970 AVERAGe 1962 AVERAGE 1 Muon/)'S88rtngWall Concrete Block Flat CODE 494 GBA 7872 Seq # 1 RATIO N COMMUNITY: R T A Buyer; SeHer: Sale Dala: RC 26 WD COM? N NBRHOOD: RON PAUL PROPERTIES INC QUADRILATERAL PROPERTIES Date of Sale: 3/15/00 Total Purchase Price: $214,000 7,672 SF Terms Set 1 Assume !nd; DN PMT.$O 7,872 SF 7,872 SF 356 Ft Rectangle o SF ° SF 0% PMT· INT. BALLOON DATE. PMTS· 0% GBA Set 2 Assume Ind: SF WOODWORK SHOP 7,872 SF 0% GBA 100% GBA SF SF 0% G8A 0% GBA Space Heaters 100 % % % 0 0 Sale AnalysIs: Gravel Income Data: 20.0 FT 20.0 FT 1.0 20.0 FT 30,616 SF LEVEL CII F N ALL PUBLIC 3.89 to One N Rent Schedule: PMT. 'NT. BALLOON DATE. PMTS· Cash Equivalent Price: 8.55% Cash Equivalent Ad: LESS: Personal Property: PLUS: Special Assessments: lod; N Cash Equivalent of Real Estate: Sale Price Per Sq. Fl. TFA; Sale PrIce Per Sq. Ft. GBA: Sale Price Per Sq. Ft. NRA: Sale Price Per Sq. Ft. lend Area: Sale Price Per Room: PRIVATE DATA PRIVATE DATA $214,000 $0 $0 $214,000 $27.18 $27.18 $6.99 · · · PROPERTY USE: Service Stallon PROJECT NAME: ADDRESS: 401 TERRtTORIAL ST AUDITOR ID: 50218 RC 20 WD COMP N NBRHOOD: MUNICIPALJTY:W ATERTOWN COUNTY: CARVER PIN #; 65-0504270 Seq # MULTIPLE PID: N CODE 408 GBA 1176 1 RATIO N COMMUNITY: . . . · -r Year BuilV Effective Year Built: 1935 1945 Buyer: JOHN & JUDITH VANDERLINDE Const Quality} Condition: AVERAGE AVERAGE Seller: RALPH & CAROL MASON Canst Classl No. of B!dgs: Masonry Bearin¡¡ Wall 1 Sale Data: Date of Sale: 4/27/00 Total Purchase Price: $50.000 Exterior T}'P6 I Roof Type: Concrete Brock Flat 2nd Exterior Type I Roof Cvr: Terms Set 1 Assume Ind: DN PMT·$50,OOO S First Floor Area I GBA: 1,176 SF 1,176SF I PMT· INT· PMTS· Z Total Floor Area: 1,178 SF BALLOON DATE. E Bldg Perim, I Shape I No. Rms' 140 FI Rectangle & U Mezzanine Area I Use: SF Set 2 Assume Jnd: S Bsmt Areal %Fin I %: SF 0% 0% GBA INT· PMTS· E PMT· S 8sm! Use: BALLOON DATE. 8smt Fin I %: SF 0% GBA First Floor Use: REPAIR GARAGE First Floor SF I %: 1,176 SF 100% GBA Cash Equivalent Price; 8.48% $50,000 2nd-+- Floor Use: Cash Equivalent Ad): 2nd+ Floor SF I %: SF 0% GBA LESS: Persona! Property: $0 I To! Off Area: SF 0% GBA PLUS: Special Assessments: Ind: N $0 Cash Equiyalent of Real Estate: $50,000 , Primary Heating I Pct: Space Heaters 100 % Sale PrIce Per Sq. Ft. TFA: $42.52 Sale Secondary Heatingl Pct: % AnalysIs: Sale Price Per Sq, Ft. GBA: $42.52 Air Conditioning Pct: % Sale Price Per Sq, Ft. NRA: Sprinklers I Eleyators; 0 0 Sale Price Per Sq. Ft. Land Area: $10.06 Garage I Ramp Spaces: Sate Price Per Room: Surface Parking Space: Parking Surface Type; Income Multiple Tenancy; Data: PRIVATE DATA Bldg HI/Avg Clear Ht: 12.0 FT 12.0 FT # Stories: 1.0 Avg. Finished Ceiling Ht: 12.0 FT Total Land Area I Topography: 4,972 SF LEVEL I Useable Land Area; Zoning I Land Def Cd: CII F Trackage I Utilities: N ALL PUBLIC Land BtgRatlo I Excess Land: 4.23 to One N Rent PRIVATE DATA Schedule: Environmental Concern Ind: Other Amenities: Summary Comments; · · PROPERTY USE: Warehouse Storage PROJECT NAME: ADDRESS: 124 RAILROAD ST W AUDITOR ID: 52604 MUNICIPALlTY:NORWOOD·YOUNG A CODE 406 COUNTY: CARVER GBA 1264 P'N #: 56-0501140 Seq # 1 RATIO N MULTIPLE PID: N COMMUNITY: RC 09 TO COMP N NBRHOOD: · r' Year BuiltJ Effective Year Built: 1935 1975 Buyer: TODD & PATRICIA STA8ER ConS! Qualityl Cpnditlon: AVERAGE AVERAGE Seller: RAYMOND & HELEN KRAMER Const Class! No. of BJdgs: Masonry8earingWall 1 Sale Data: Date of Sale: 4/2/01 Total Purchase Price: $65,000 Exterior Type I Roof Type: Concrete Block Gable 2nd Ex1er!or Type I Roof Gvr: Terms Set 1 Assume Ind: DN PMT:$15.000 S First Floor Area I GBA: 1,284 SF 1,284SF I PMT· INT· PMTS· Z Total Floor Area: 1.284 SF BALLOON DATE· E Bldg Perlm. I Shape I No. Rms: 200 FI U Shape & U Mezzan!ne Area I Use:! SF Set 2 Assume lnd: S 8smt Area I %Fjn I %: SF 0% 0% GBA E PMT· INT· PMTS· S BsmtUse: BALLOON DATE. 8smt Fin I %: SF 0% GSA First Floor Use: OFFICEIVVHSE First Floor SF I %: 1,284 SF 100% GBA Cash Equivalent Price: 7.03% $85,000 I I 2nd... Floor Use: Cash Equivalent Adj: I 2nd+ Floor SF I %: SF 0% GBA lESS: Personal Property: $12,300 i i Tot Off Area: SF 0% GBA I PLUS: Special Assessments: tnd: N $0 I Cash Equivalent of Rea! Estate: $72,700 I I Primary Heating / Pct: Space Heaters 100 % Sale Price Per Sq. Ft. TFA: $56.62 Sale Secondary Heatingf Pct % Analysis: Sale Price Per Sq. Ft. GBA: $56.62 ! Air Conditioning Pct: % Sate Price Per Sq. Ft. NRA: Sprinklers I Elevators: 0 0 Sale Price Per Sq. Ft. land Area: $7.24 Garage I Ramp Spaces: Sale Price Per Room: Surface Parking Space: ParkIng Surface Type: Asphalt Multiple Tenancy: Income PRIVATE DATA Data: Bldg Ht IAvg Clear Ht: 12.0 FT FT # StorIes: 1.0 Avg. Finished Ceiling Ht: FT Total Land Area I Topography: 10,035 SF Useable Land Area: Zoning' land Daf Cd: CII F Trackage I Utilities: N ALL Land BlgRatlo I Excess Land: 7.8210 One N Rent PRIVATE DATA Schedule: Environmental Concern Jnd: Other Amenities: Summary Comments: " . . ~ c u 0000000000000 N ., ~ 000000000 000110000000 ~ '" · § -[ · ~o~ooooooooooooo ", · õ - "' ~ · a¡ õ "' 00000000 0'100000 o N iíi '" - 000000000 oo~oooooo~oooooo ~ - ~ 8 N ., N ~ 8 N O'INOONOO <00 ..;~ ~t-- _ - N <0 <ON '" N '" - 0000 f'..COf'-,O ¡¡¡ 8 ~"' "'- _t-- NO 00000000000000 ~ U · "- · (;0000 Õ 'C .' Õ "' ~ · 'C · Õ "' NOtOOoooooO ?18&: r::!!1~ _iX", 00000000 V800~OOOOOOOOOOO ~8 8§ § 01..... ......1[) DO .,'" '" o~ "'!Q- NiiSß ¡gOO 888 NNN ON "g 88 NN ~~~~~~~~~~;H~~~N UNI:OO.........IOVV NO...... :1 '" 00000000 ~ - o N 8 N OMOOOO ¡;; '" ~ 00000000 000.., ~ '" o N 0000000 00 ~Ð 88 NN Nt-- ~~ 88 NN ¡;; t-- o 8 N '"' N '" o 8 N v~~~~~~~~~~~~~~~~~~~~~~~~~~~V~~ØaM N....MNVNOONO....If)f'-,OO~O ....00....0.... vooON~d 00000 OOO'lOMOWO§OONOI[)O§......OODOOOOf'-,OOgoOOI[)~VOOI[)OCD~OOO o . .... Ln N' . . 1.0 I'- " to . m ~ ro~1[) ~ ~......~ ~ ø ~ Mm~~ ~ i o ...... OM.... V 0 MN en CD M en ~ .... ¡;j g¡ ., "'N DO -...... .... CD 0........ NO.... .... en "'N .... N .... ....NN .., .... N .... M M M .......... en.... OSO~OSª§OO~O~O~~OO~OOO~ ~ ~ Šr¿~ ,....... (0.... ,.... V M ....VV V DO....N M '" ¡;¡ ¡j¡ '" <0_'" r¿ ~~8 ~ n~ ê ~ ., ; NN U ~~ g¡ g g¡ · ~ U · "- · mOOOOOO õ ~, õ "' g¡ · · a¡ Õ "' 5S0~....OOOO~O ~ CO M ~ .... t¡:! U; ~ Ie ftI_ _M "- · ~~O~~OOOO~O~0006~O~O~OOO~OOOOOOO I~ ~ ~ ~ ~ ~ ~ w ~ ~ ~N -~ . MN M W M J! ~~ ~~ ~ ~ ~~ ~ ~ ~ ~~ a j~ §§ š § ~~ i § ~ ~~ ~ øN NN N N NN N N N NN N ~~i~~~~ª~~~i¡~~§~~~~§~~~~~ª~i-i~~~~~i~i~j-I~~~i~~;~i ~2§~~N~~~~~~~~~~~~~~~~~~~~~~~ EE~¡;j §§ ~~~~~~~~~ ~ NN NNNNNNNNNNNNNNNNNNNNNN~ ~~M~ ~~ ~~~~~~~~~ :ö 'C MOOO_~O_O ~ ;:::~ Ñ ~ M..... V IJ) ~~ ~ WOOOI.()O N _ 1\ ~ " '" N '" 00000 OO~OO N '" o~nOOrnOOO - " - ; ¡ '" Ii <O~'" hi - -- <0 i OOOffilß ~~ ¡;¡~ 00 O~OO~ ~ ~ Oo:¡¡mO ~Q _N OO~~OOO~OOIOO~;O ~ N -., U NN BOARD OF APPEAL AND EQUALIZATION-2002 2 APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 250900080 4/25/2002 BELL,JOHN & BEVERLY 9371 KIOWA TRL CHANHASSEN DISTRIC CHANHASSEN CITY PHONE 952·445-6223 MN 55317 .--..--------------.--- I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. .--.-..--------------. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE S240,300 5119,400 $359,700 2002 NEW IMPRV, VALUE 2002 GA LAND VALUE SO so CLASS 201 1 ACTION TAKEN BY ASSESSOR: STEVE C DATE: 4/30/2002 The subject is a lakeshore home located on Lake Riley. The property had an interior review during quartile inspections in 2000. Three comparable sales located on the same lake and a sales analysis was completed. The indicated value for the subject based on these three sales is $420,500. No change in value is recommended. The comparable sales analysis is attached for your review. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV fÃMOUNT OF ADJ (DIF+-) I I $240,300 $119,400 $359,700 $0 NEW tMPRV. VALUE CHANG NEW GA LAND VALUE NEW CLASS CODE SO SO 201 1 ACTtON TAKEN BY BOARD: Approved as Recommended Adjusted as noted: City of Chanhassen 2002 Board of Review Appeal- Bell Property PID 25.0900080 4/29/2002 Property Description: The subject property is an average quality rambler design home built in 1962. There is l235sf of finished area on the first floor. Approximately half of the walkout basement area is finished at a fair to average level of quality. There is an open ITont porch, and a screen porch and deck at the rear of the home. The interior and exterior of the property was inspected during quartile inspections of the subject's neighborhood in October of 2000. The property was found to have been adequately maintained. Other than the addition of the deck and the replacement of a few windows, there have been no major changes to the home. The subject lot is served by city sewer and water. It is .56 Acres in size and has 100 feet of lakeshore. There are some mature trees on site and there is a slight slope ITom the house down to the lake. Comparable sale selection: As this is lakeshore property, the most accurate estimate of value is derived using sales of homes on the same lake if sale data on the lake is available. The similarity of the lake and lakeshore is more important than the similarity of the size and design of the homes. In the past threethere have been seven sales on the lake. Of the four sales not chosen for comparison, three of the sale sales were on the southern shore on 2.5 acre and larger lots with private wells and septic systems. The homes are significantly larger in size and of higher quality construction. The fourth sale that was not used is sited on Lake Riley Blvd, with city sewer and water, but is much newer, larger and higher in quality than the subject. Of the sales available on the lake, the three chosen for comparison were deemed to be most similar to the subject property. Adjustments made to the sale prices of the comparable sales. The sale dates for the three comparable sales range in age ITom 13 to 31 months old. As market values have increased over this time, an upward adjustment was made to each sale price. As an indication of the increase in market value it is noted here that comparable sale #3 located on 9221 Lake Riley Blvd sold in May of 1997 for $190,000. It sold again in June of 1999 (the sale we are using for comparison) for $240,000. There is no record of any significant changes to the property between the times of these two sales. The increase in market value was 26.3% over the 25 months between sales, an annual increase of 12.6%. As this is only one sale, it is not enough data on which to base a time adjustment but it does lend support to the 10% annual rate used, which is the average growth rate for the city as a whole this past year. Adjustments were made to the land values based on the size of the lot, topography, and amount of lakeshore ITontage. Additional adjustments were made for differences in size, age, and other amenities based on typical market values for these differences which are derived ITom the analysis of sales data ITom all types of residential properties within the city. Indicated Value After adjusting the sale prices for the three comparable sales as noted above, the average indicated market value for the subject property is $420,500 (rounded). The subject's current estimated market value is below this indicated value. Based on this analysis, no change m the subject's estimated market value as of January 2, 2002 is recommended. Comparable Grid for 25.0900080 Bell Item Subject Comparable #1 Comparable #2 Comparabte #3 Address 9371 Kiowa Trail 9361 Kiowa Trail 9005 Lake RIley Blvd 9221 Lake RIley Blvd. Property ID# 25.0900080 25.0900070 25.0240200 25.7950140 Proximity - Next Door 1/2 mile north-northeast 1/3 mile north·northeast Sale Price N/A $357,000 $449,900 $240,000 PricelSF - $184.50 $311.13 $168.30 Oata Souree tnspectlon/ County Records Inspec/County Records Inspection/County Records Inspection/County Records Adjustments Description Description +(-) Adj. Description +(-) Adj. Description +(-) Adj. Oale of Sate N/A Jun-99 $92,100 Dec-OO $48,600 Jun·99 $61,900 Location Riley Lakeshore Rliey Lakeshore Riley Lakeshore Riley Lakeshore .56 Acres 100FF slope .52 Ac 100 FF .38 Ac 135 FF .14Ac 52 FF SiteMew to beach slope to beach $0 level Jot ($30,000) level lot $70.000 Design/Appeal Rambler/Good Rambler/Good Split Entry 2Story on Slab uuallty or Conslrustion Average Average Average Average Year Built 1962 1961 $0 1988 ($25,000) 1946 $15.000 Condition Avg lor Age Avg lor Age Avg lor Age Avg lor Age Above Grade SR's Bath Ftx BR Fix BR Fix BR Fix Room Count 4 10 5 8 $1,000 3 10 $0 3 4 $3,000 Living Area 1.235 1,935 ($21,000) 1,446 ($6,300) 1,426 ($5,700) Basement Area 1,235 1,557 ($2.600) 1,440 ($1,600) 0 $9,900 I~' "smt Area Fin. 50% 67% ($6,400) 83% ($8,700) 0% $9.300 Walkout Walkout Walkout Wafkout NIA $5,000 Functional Utility Average Average $0 Average $0 Average $0 HeaUCooIing ForcedAir/CentralAir ForcedAlr/Cen $0 ForcedAir/Cen $0 forced AlrlNone $2,000 Addnl Features None None $0 None $0 None $0 Garage Small 2 car attached 2 car attached $1,000 3 Car attached ($5,000) 2 Car detached $0 180s1 Screen Porch 1155 137s1 Seeen Porches Open Frt Porch gazebo off deck $2,000 15551 3SeasPorc ($4,000) 100s1 3Seas Par ($2.000) Decks/other 500s1 Deck 41901 Deck $0 120s1 Deck $2,000 160s1 Deck $2,000 Rreptaces 2 Fireplaces 2 Fireplaces $0 None $4,000 None $4,000 Gross Adjustment % 34% 28% 75% ~ .'.'... . Net Adjustment% 19% 6% 73% ~ætllll .E" Net Adjustment $66,100 ($26,000) $174,400 . Indicated Value $423,100 $423,900 $414,400 Final Value Estimate $420,467 j Location Map - PID 25.0900080 Date: 4/29/2002 G-eator Unknown Riley Lake 500 0 500 1000 Fæt I I ... IJ; ,ItJ, . . .... . !JT8I>' . 10 as. UIrWr = i;O'anymacanaes Bell Property Subject Comp I Comp 2 Comp 3 · BOARD OF APPEAL AND EQUALIZATION-2002 3 , APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 250880440 412212002 DEZIEL,P A TRICIA S 2382 HARVEST WAY CHANHASSEN DISTRIC CHANHASSEN CITY PHONE MN 55317 I WANT MY PROPERTY REVIEWED BECAUSE: , Valuation increase in one year seems excessive. 2002 ASSMT. LAND VALUE $40,700 2002 NEW IMPRV. VALUE $0 2002 ASSMT. BLDG. VALUE $110,400 2002 GA LAND VALUE $0 , 2002 ASSMT. TOTAL VALUE $151,100 CLASS 201 I , ----..---------.--- -~---~-------- ACTtON TAKEN BY ASSESSOR: STEVE C DATE: 413012002 A sales comparison analysis was completed on the subject poperty, which is a 2 story townhome built in 1998. Three recent sales of identical townhomes were identified for the analysis which is attached for your review. The average of the 3 indicated values fOT the subject is $ I 62,300. The current estimated value is $15 t. J 00. In speaking with the owner, her main concern is with property taxes as opposed to the estimated value oCher property. No change in the estimated market value of the subject property is recommended. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+-)l I $40,700 S110,400 $151,100 $0 NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 201 1 ACTtON TAKEN BY BOARD: Approved as Recommended ___Adjusted as noted: · · City of Chanhassen 2002 Board of Review Appeal- DeZiel Property PID 25.0880440 4/29/2002 , Property Description: '. The subject property is a two story on slab town home with attached garage located in the Autumn Ridge development. The property was purchased new in December of 1998. Comparable sale selection: · · Three comparable sales were chosen trom within the subject's immediate area. A location map is attached. The three sales are identical in style, design, and size, and sold within the last half of 200 I. All three sales were originally purchased new trom the builder at the end of 1998 or the beginning of 1999 and were then sold by the homeowners in the last half of 200 I. Adjustments made to the sale prices of the comparable sales. As the sales are within 6 months in age, no time adjustments were made. There are no other differences in the properties requiring adjustments. Indicated Value The sales indicate a value for the subject property of between $159,000 and 164,900. Our current estimated market value is $151,100. Based on this analysis, no change in the subject's estimated market value as of January 2, 2002 IS recommended. · April 18, 2002 City of Chanhassen Property Tax Appeal 7700 Market Blvd Chanhassen, MN 55317 Parcel #R25.0880440 To Whom It May Concern: I am writing in response to the proposed 2002 taxes of my condominium located at 2382 Harvest Way, Chanhassen, MN 55317. Parcel # listed above. The estimated taxable market value of my unit will increase by 10% for 2002. The actual tax I estimate will amount to somewhere in the ~7% ra~ge. It is like having the 200] tax reduction taken away. After Governor Ventura's cut backs in' 2001 that affected all of us in some way, I see local government trying to make up the difference by simply increasing our property taxes and hoping no one will think any more of it than in past years. I am sorry, but as an average tax payer, I can no longer just "suck it up" and bear your burden. I am a single white female providing for myself and yes, it is extremely hard in this day and age. My income has not increased by the same percentage that my taxes have in the past year, in fact, my raise was below the Social Security 3% cost ofliving increase. Why? Sales at my company are down 25%, there have been three lay-offs totaling thirty people from January through April of this year. I am fortunate to be one of those that has a job. I was asked to save my company S20,OOO.00 dollars for fiscal 2002 and was able to come up with $59,000.00 in bottom line savings. It is possible for our government to do the same and I am going to expect that to happen in more creative ways than before. Increases to tax value of a home should be based on improvements to one's property, not real estate sales in an area whose values are inflated based on what the public will pay. I am honestly asking you to review my assessment and bring down my tax burden to the 200 I rate. I am not financially able to take on any more burden. There have been no improvements to my home to warrant an increase of any kind. If not for our own individual thoughts, we would not have a democracy. Your kind response to my request would be greatly appreciated. Best regards, -/~z-~-k>· ~~tri~;~S. DeZiel ~ RECEIVED APR 2 2 2002 CITY OF CHANHASSEN . Comparable Grid for 25.0880440 Item Subject Comparable #1 Comparable #2 Comparable #3 Address 2382 Harvest lane 2388 Harvest lane 7828 Harvest lane 7899 Harvest lane Property ID# 25.0880440 25.0880380 25.0880540 25.0880810 Proximity · (see map) (see map) (see map) Sate Price · $164,900 $162,000 $159,900 . PriceJSF · $110.80 $108.65 $107.24 Data Source Inspection Record Inspection Record Inspection Record Inspection Record Adjustments Description Description .(.) Adj. Description .(·)AdJ. Description .(.) Adj. Dale of Sale Dec. 2001 Aug. 2001 Jul·OI Autumn Ridge Autumn Ridge Autumn Ridge Location Autumn Ridge 3rd Addn 3rd Addn 3rd Addn 3rd Addn SiteNiew Townhome Lot TH lot THlot THlot Destgn/Appeal 2 Story 2 Story 2 Story 2 Story Uua Ity of 40·Above 40·Above 40·Above Construstion 40·Above Average Average Average Average Year Built 1999 1999 1999 1998 Condition Avg for Age Avg for Age Avg for Age Avg for Age Above Grade BR's Bth's Total BR Bth Tot BR Bth Tot BR Bth Tot Room Count 2 1.5 2 1.5 2 1.5 2 1.5 living Area 1,491 1,491 $0 1,491 $0 1,491 $0 Basement Area 0 0 $0 0 $0 0 $0 % Bsmt Area Fin. $0 $0 $0 "smt Km & "'" Count(infor only) Functional Utility Average Average $0 Average $0 Average $0 Heat/Cooling ForcedAlr/CentralAlr ForcedAir/Cen $0 ForcedAlr/Cen $0 ForcedAlr/Cen $0 ~nergy cTJIClent Items None None $0 None $0 None $0 Garage 2 car 360 SF 2 car 360 SF 2 car 360 SF 2 car 360 SF Porches 100 SF patio 100 SF patio 100 SF patio Decks/other 100 SF patio deck deck deck deck Fireptaces 1 1 1 1 Gross Adjustment % 0% 0% 0% ! Net Adjustmenl% 0% 0% 0% 8~~~'ì_ Net Adjustment $0 $0 $0 Indicated Value $164,900 $162,000 $159,900 Final Value Estimate $162,267 . · Location Map - 25.0880440 Date: 4/29/2002 Oay · · - I i 1 I I 1 I I ) NO. I . ------ 5 BLVD) B § ~& 1/¡¡;øE:§ B B '- 500 0 500 , COU 1000 Feet , -.. ' u, " CIS. J11IP ~~§;:~~ 1S · · · -- DeZiel Property Subject Compl Comp 2 Comp 3 · · BOARD OF APPEAL AND EQUALIZATION-2002 ~ · APPEAL # PID# DATE NAME ADDRESS 250253000 4/9/2002 DYPWICK,JEFFREY & KATHLEEN 10300 GREAT PLAINS BLVD CHASKA MN · (Assessed In 2002/Peyable In 2003) DISTRIC CHANHASSEN CITY PHONE · -.---------------------.-----------------.---------- 553t8 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE · ACTION TAKEN BY ASSESSOR: $155,700 $306,600 $462,300 2002 NEW IMPRV, VALU 2002 GA LAND VALUE $0 $0 Class Code 20t STEVE C DATE: As he has nearly every year, Mr. Dypwick is again appealing the value of this property. Last year, I met with Mr. Dypwick and inspected the exterior and interior of his home and outbuildings. At that time, we came to an agreement on a value change prior to the board of appeal. Mr. Dypwick has decided to appeal the vatue for this year to the board. , , The property consists aftwa contiguous parcels with separate PID numbers. The larger parcel is 12.94 acres in size, of which approximately 7.5 acres is steeply sloped and wooded ravine. The house and outbuildings are sited on this parcel. The second parcel is .71 acre, long, narrow, rectangular shaped vacant piece of land which essentially gives access around the outbuildings to the eastern portion of the first parcel. , For purposes of this appeal, the two pareets are valued together. A more detailed description of the property and a comparabte sales analysis are attached for your review. The comparable sales analysis indicates that the value of the property is 5544,30. Our current total estimated market value for the two parcels is $467,000. No changes in the estimated market values for these parcels is recommended. Note: Mr. Dypwick has submitted a letter (aitached) dated April I st, questioning the possibility that value could be increasing during a recession. At this point in time, we have noted an increase in the marketing times for typical listings and sales It is important to note however, that marketing times have been so short these past couple of years that even with the increase, they are still currently weJl below the 5 or 10 year average. We have yet to see any market sales data to indicate a significant change in the vatues of properties. Also, since Mr. Dypwick's Aprit tst leiter, the U.S. Department of Commerce has issued a report that indicates the Gross Domestic Product (GDP) grew at an annualized rate of 5.8% during the first quarter of this year. It would appear that the recession, such as it was, has ended. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE TOTAL VALUE AMOUNT OF ADJ (DIF + $155,700 $306,600 $462,300 $0 NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 New Class Code 201 t Adjusted as noted: ACTION TAKEN BY BOARD: Approved as Recommended . . BOARD OF APPEAL AND EQUALIZATION-2002 APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 250363900 4/9/2002 DYPWICK,lEFFREY & KATHLEEN 10300 GREAT PLAINS BLVD CHASKA MN DISTRIC CHANHASSEN CITY PHONE 55318 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. ------'-,..,_._---_._----------~._----_.~_._---,_._------_.__._---------~_._--_._------_._-------- 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $4,700 $0 S4,700 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 $0 CLASS 20t t ACTION TAKEN BY BOARD: Approved as Recommended _Adjusted as noted: ACTION TAKEN BY ASSESSOR: STEVE C DATE: This parcet is contiguous to and vatued with PID 25.0363900. ptease refer that appeat for discussion. ASSESSOR'S RECOMMENDATION: LAND VALUE $4,700 NEW IMPRV. VALUE CHANG SO BUILDING VALUE $0 NEW GA LAND VALUE $0 .. NEW EMV $4,700 NEW CLASS CODE 201 I IAMOUNT OF ADJ (DIF+.) , $0 · City of Chanhassen 2002 Board of Review Appeal- Dypwick Property PID 25.0253000 and 25.0363900 05106/2002 , Property Description: House/Garage - The house is a walkout 2939 square foot (sf) rambler design home originally built in 1983 with a l4x24foot addition added to the west elevation of the house in 1991. The basement level is finished and there is a small deck and a 154 sf three season porch. There are two outbuildings also on the site. The larger building, used for a truck tire business nm by the owner has 3792sf of which 600sf is insulated and heated. The smaller building, 1240sf, is used for residential/recreational storage purposes. Site - The subject site consists of two contiguous parcels. The larger wooded parcel, upon which the house and outbuildings are sited, is 12.94 acres in size. Of this, 6.1 acres is level to slightly sloped. The remaining 7.5 acres consists of a wooded and steeply sloped ravine. The second parcel is a level rectangular lot. 71 acres size and of a narrow rectangular shape. This smaller parcel is located on the southern lot line of the larger lot and provides access around the outbuilding to the eastern portion of the larger lot. Comparable sale selection: Three comparable sales were selected. The first comparables are within 1200 feet of the subject and have homes that back up to the same wooded ravine. The third comparable is a located two miles away. All three comparable sales are small acreage home sites served by private well and septic systems. The first comp is a similar rambler design home. The second camp has similar outbuildings. Thetime of sale for these first two is 15 to 24 months from the sale to the January 2, 2002 assessment date. Their similarity and proximity to the subject make them valuable comparables despite the age of the sales. The third sale, in March of this year is within 2 months of the assessment date. Adjustments made to the sale prices of the comparable sales. The first two sales were adjusted for changes in the market (appreciation) since the dates of sale at an annualized rate of 8%. Adjustments were made to the land values based on the size of the lot, and topography/slope. The subject and comparables were adjusted for size with the greatest value consideration given to the more level and usable acreage, and diminished value for the acreage with in the steeply sloped ravine area. Adjustments for the age of the properties - year built, at $1000 per year. Adjustments were made for differences if the size and utility of the outbuildings. Additional adjustments were made for differences in size, and other amenities based on typical market values for these differences which are derived from the analysis of sales data from all types of residential properties within the city. Indicated Value After adjusting the sale prices for the three comparable sales as noted above, the average indicated market value for the subject property is $544,300. Our current estimated market value for the subject property is $467,000. No change in the estimated market value is recommended. · · Comparable Grid for Dypwick I1em Subject Comparable #1 Comparable #2- Comparable #3 Add.... 10300 Great Plains Btvd 10095 Great Plains Blvd 10001 Great Plains Blvd 8850 Sunset Trail 25.0253000 and Property ID# 25.0363900 25.2970060 25.0252800 and 25.0252600 25.2500030 ProxtmIIy - 500 Feet north 1200 Feet northwest 2 miles northwest SelePrice - $500,000 $355,000 $436,000 PricelSF - $159.29 $247.21 $180.84 Data Source Inspac/Co. Record Inspection/Co.Records Inspac/Co.Records Inspectlon/Co.Records InuJUSu,~,~ Description Description +(-) Adj. Description +(-) Adj. Description +(-) Adj. Date of Sate Sep-OO $SO,OOO Dec-99 $56,800 Mar'()2 $0 Small Acreage Parcel In Small Acreage Small Acreage Parce Small Acreage Location southern Chanhassen Parcel In So. Chan. $0 in So. Chan. $0 Parcel In So. Chan. $0 6.1 Acres Wooded & 5.94Ac Wooded & 2.3 Ac Wooded & 2.7 SiteNiew 7.5 Acres Ravine 4.3 Ac. Ravine $0 Ac. Ravine $80,000 3.3 Acres Wooded $80,000 House Design Rambler Rambler $0 Split Enby $0 1 1/2 Story $0 Quality 01 Const Average Average $0 Average $0 Above Average ($21,000) Year Butk 1983 1971 $12,000 1974 $9,000 1987 ($5.000) Condition Avg lor Age Avg lor Age Avg for Age Avg lor Age BR's Bath Fix!. BR Fixt. BR Fix!. BR Fix!. 4 12 4 10 $1,000 4 12 $0 4 14 ($1,000) lYing t'\rea nuuve Grade 2,307 3,139 ($25,000) 1,436 $26,100 2,411 ($3,100) Basement Area 2,939 3,139 ($1,600) 1,388 $12,400 1,628 $10,500 % Bsmt Area Fm. 37% 0% $16,300 94% ($3,300) 74% ($1,800) Walkout Bsml Walkout Walkout $0 Walkout $0 Walkout $0 Other leatures None None $0 57BsI In-Gmd Poot ($7,000) None $0 HeaVCooIlng ForcedAir/CentralAir ForcedAir/Cen $0 ForcedAlr/Cen $0 ForcedAir/Cen $0 5032s1 polebams (01 1056s1 Unhealed Out Buildings which 6OOs1 finlhealed) None $30,000 864s1 finlheated $10,000 300s1 horsebam $2B,ooo Garage 644s1 Attached garage 93601 At! Garage ($6,000) 576s1 At! Garage $1,000 76BsI At! Garage ($2,000) Pon:f1es 154s1 3 Season porch 84601 Open Porch ($1,000) 149s1 3Seas Porch $0 None $7,000 Decksloiher 125sf Deck None $1,000 823s1 Deck ($4,000) 479s1 Deck ($3.000) Fireplaces One Firepface 2 Fireplaces ($1 ,SOD) 2 Ftreplaces ($I,SOO) 2 Fireplaces ($I,SOO) Gross Adjustment % 26% 59% 37% Net Adjustmenl% 15% 51% 20% Net Adjustment $75,200 $179,500 $87,100 Indicated Value $575,200 $534,SOO $523,100 FInal Value Estimate $544,267 _1: · · · , Location Map- 25.0253000 Date: 5/6/2002 Oay J ¡ J J ~f-rm~ ~/ ,;~" Comp 3 /1 k< ~ Ill':; '; C¡~¡¡~ I\~ i,':>,,?;, "W <>: ;:>IH:,?'. .l f V~· L~ /'\ ~ 'tih .l Ý J. ___,) ß1= 'm';; ¡ ;. ô v D (j' ~~<,!!ii - V ----.""1:!- ~ JJ r- -;i ~L..'-..; K\ .-:;; " .J J ~ '. /' / ) 1,\ I-- Pi== ....l(. L,s: .//" -..;;: ~ ' II .L - I./..?" / l ~ lJ -,.. 2.r! /~r- --~ ,& q~ ~ ~ --v/D'\~r1=Q~~ 1// ~ ~.~ '\ \ m &beet 111 / i >- ~/ þ~~/ 00\ " -' n ~ª-- ,~ ~V~) ~ ,\" rlY£-\\ \~-Y------1 :.-- I &~ ~ ~ / y-- '- ~ V I ~, 1\. 0.5 , o 0.5 Mias , Dypwick - Aerial View with 10ft Contour Lines Date: 5/6/2002 Clay -. I (,.~ 7ì .... , . , . 'iI :'!! -~ 500 , o 500 1000 Feet , This map was created usi¡¡g Carver Count):'s Geo¡v.¡tpllic Information S~ (GIS), it is a compilation ofinfonnation and data frOinvarious City, County, Stale. and FedeBI offices. This map is 001 a~ or lepllyæcordcd !NP and is intendedtobCusedasarcference. CarvcrCounty isnqtresponsiblc for any inaccuracies contamcd herem. Dypwick Property House Outbuildings Comp 1 Comp 2 House Comp 2 Outbuilding Comp3 Jeffrey J. Dypwick 10300 Great Plaines Boulevard Chaska, Minnesota 55318 (952) 445-4034 A pr ì I I, r900 ~ ~ CCC\ )&0 rrJ o-{2 f4. p(X-tt r 1> ~9lA.ctl Î ;Zcfh DÞ') -- f"'Ver- CPI-{'""7ft. ~esD 1"5> OfPlC-B .~ £Qô-t 'f 7 sr 7 hçæ,f:¡:;¡, m N! 6551ff' F6 rce Ir:?:> ..r Û -dl s: A a 5. 036' 3QCJ() R. a 6-. oó! 5" 3oØ>C'3 £J": ~ J /. I Iõ ~ ;a,-;f a¡¡.~ CM) ~~1f! \Y-{ Að ~'111 ~~.-hS~~¿~ ~ --;;~'íf ;7J" 8=1. ~ U 'Jtt1f"'1 'õ éJøol, \{) /~ '"'0 ~ ~,~ ~, '. ·-:¡~l · ~';;;; ~~"'" ~ Œ"oM¡o fOro, . ';-¥-¡"'f ad! ~ ~ ff',)= $./ y~ q- ~-,,-elAiOW/) 30To . ::- Ð Ur ';J thJ" -tf """'.X ho. v"-' cb~", .".A e ro' ¡ ~pro"e ""'of.,) 0"" q ~~'~A,d~~.;.reto{ ~ ~ ~C2,;ff~ .Ale> ~o/"' ~ -$ -#urI. Pfa;¡ 1 ~ . ~~~k-~ooe¡ y:&.~. ? . ~Þe~ ~6!rv..C'I ~ C'ð<~ ~' ~ ~ k ~ -fL¡ ~Q4~~ ~::t5 ~~~, ~~ Aö ~ .á ~ -Q;; p,'røc0 ~. V ~ ;;bh, ~<'1 of = 1 ..we.- /uwe~ -"1 Cj <, I (J 0 ; I "'''< c';¡:: ~-f='1 I>pcìlaa,..¢. " ~ ~ , ;-._~';';~''''''''-'.,-. ~ .. Scores: . ""N7'¡:",.."",_" 0-;~~~k-;:~;,~:{2~7~4 Detroit 3 Twins 2 10 innings Saturday APRIL 27. 2002 ,""..,..... ,,' "".', ">~' ", NEW ON THE BLOCK APOUO MALE CH Bryant McKinnie reports to VIkings mini-camp. Sports For 107 years, Hopk has been outlet for J love music · Varlet) - Economy heating up in a hurry Minnesota jobs outlook brightening By Mike Meyers Star Tribune National &onomics Correspondellt The U.S. economy snapped out of recession with a big pop, growing at a 5.8 percent annual rate in the first three months of 2002. But to anyone carefully watching Minnesota employ- ment numbers, the turn- around was no surprise. Some of Minnesota's most cyclical industries - from temporary job services to man. ufactUring - started showing improvement in March, when Minnesota factories posted their first job gains after two years of declines. "It's not time to signal all clear, but there are signs that a turnaround in the job market could be cOming," said I.v A 19-year-old, é entrance exar ExpellE guns'dt GDP Here Is a look at the gross domestic produc~ which measures a! gOOds and seNices produced by workers and ~I located in the United States, regardless of ownershjJ. Annualized quarterly change' 9% 8 7 6 5 4 3 2 1 o ·1 -2 1999 2000 2001 2002 SOURCE: Department Associated of Commerce Press ployroem numbers in light of the economic report, Moúsa said he sees "early signs it's fII- tpnnurlnum tn th,. ~.....h ...........,~_.. " BOARD OF APPEAL AND EQUALIZATION-2002 5' (Assessed In 2002IPayable In 2003) APPEAL # PID# DATE NAME ADDRESS 253580030 4/22/2002 FISHER,DENNIS C & JANIS I 7501 ERIEAVE CHANHASSEN MN _.._.~-_._---,..- I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. ._._._-----'-----~- 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $284,500 $280,300 $564,800 DISTRIC CHANHASSEN CITY PHONE 553t7 --'------- .-.-----."..-------- ------------------,-------------~,._--- 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $42,200 $0 CLASS 20t I ACTION TAKEN BY ASSESSOR: STEVE C DATE: The subject property is sited on a lakeshore tot on Lotus Lake. The tot slopes steeply from the street down to the take and the house design consists of multiple levels in order to accommodate the slope. A comparable sales analysis was completed for the propety and is attached. In the analysis, is a more detailed description of the lot and the house, and adjustments in vaJue that were deemed appropriate. A reduction in the estimated market value for the property is recommended as noted below. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+.¡t I $252,300 $273,900 $526,200 ($38,600) I NEW IMPRV. VALUE CHANG NEW GA LAND VALUE NEW CLASS CODE $0 $0 20t I ACTION TAKEN BY BOARD: Adjusted as noted: Approved as Recommended City of Chanhassen 2002 Board of Review Appeal- Fisher Property PID 25.3580030 05/02/2002 Property Description: House/Garage - The house was originally constructed in 1968. The structure is built on the edge of a fairly steep slope from the street level, down to the lake. The original structure consisted of a one story over finished basement area and an angled, attached 2 car garage. This part of the house is on the street side. The lake side of the house, in order to accommodate the steep slope of the lot, has a two story on slab and a two story over basement area. The second floor of the two story area is at the same level as the basement of the one story area. The result is a multi-level house with a lot a size but also a lot of stairs. In addition there is screened porch and a 3 season porch. The current owners purchased this home in December of 1999 for $260,000. At the time of sale the home was is poor condition and in the MLS listing data it was described as ''Sold As Is - remodel/repair or tear down" Since purchasing this property, the current owners have converted the old attached garage to a finished master bedroom/master bath suite, added an attached 3 car garage, added a detached two car garage, remodeled and updated the interior, and replaced the original wood siding with stucco siding. (Note - the new attached 3 car garage does not have a direct access trom the interior of the garage to the interior of the house.) Site - The subject site is a .85 acre lakeshore lot with mature trees and I37 of good quality lakeshore. The lot slopes down approximately 70 feet trom the street to the lake. Unlike most other lots, this lot starts decreasing in elevation steadily trom the street, with a limited level area for the building site. (Refer to above discussion on slope and house design) Comparable sale selection: As this is lakeshore property, the most accurate estimate of value is derived using sales of homes on the same lake if sale data on the lake is available. The similarity of the lake and lakeshore is more important than the similarity of the size and design of the homes. The three comparable Lotus Lake sales chosen were deemed to be the most similar to the subject property of those available. Adjustments made to the sale prices of the comparable sales. The sale dates for the three comparable sales range in age trom 0 to 6 months trom the assessment date of January 2, 2002. Since they are all within 6 months, no time adjustments were made Adjustments were made to the land values based on the size of the lot, topography/slope; and amount of lakeshore trontage. Adjustments for the age of the properties - year built, were made after considering both the actual age of the property and the effective age of the properties. The effective age is estimated after considering the amounts and types of additions, remodeling and or updating that has taken place of the live of the home. A negative adjustment of $30,000 was made to the sale prices of the comparable sales to adjust for the functional obsolescence that exists in the subject house due to the multi-level design toaccommodate the slope of the lot, and for the lack of direct access to the attached garage. The adjustment is based on 10% of the estimated value of the house. The market indicates that in most cases a 10% reduction is sufficient of motivate buyers to overlook functional problems of this type and degree. Additional adjustments were made for differences in size, and other amenities based on typical market values for these differences which are derived from the analysis of sales data trom all types of residential properties within the city. Indicated Value After adjusting the sale prices for the three comparable sales as noted above, the average indicated market value for the subject property is $535,100. After considering the aspects of the subject property as noted above and making changes to the characteristics of the property in our computerized appraisal system, the new calculated value is $526,200. A reduction in the estimated market value to $526,200 is recommended. Comparable Grid for 25.3580030 Dennis Fisher Item Subject Comparable #1 Comparable #2 Comparable #3 Address 7501 Erie Avenue 7400 Chanhassen Road 7303 Larado DrIve 6663 Horseshoe Curve Property 10# 25.3580030 25.0120600 25.4420020 25.6300280 Proxlmtty . See Map See Map See Map Sale Price - $539,000 $550,000 $600,000 PricelSF - $202.02 $381.94 $361.01 Data Source Inspection Record Inspec/County Records Inspec.lCounty Records Inspec.lCounty Records Adjustments Descrtption Descrtption «-) Adj. Descrtption «-) AdJ. Descrtption «-) Adj. Date of Sale Jul-01 Jan-02 $0 Oct-01 SE Shore West Shore North Shore Location South Shore Lotus Lake Hwy101Access $10,000 Lotus Lake lotus lake .85 Acres 137'lakeshore 1.74 Ac: 159' .61 Ac: 174FF 1 Ac: 231FF SiteNiew wooded/ steep stope FF, wooded ($45,000) Wooded ($25,000) Wooded ($100,000) Desl9n/Appeal Multi level Multi Level 4 level 1& 1 1/2 Story l./ualllY OJ Construstion 40-Average Similar Similar Similar I-\ctuallt:neclVle Year Built 1968/1980 1979/1979 1958/1980 1947/1975 $5,000 Condition AV9 for Age AV9 for Age Avg for Age Avg for Age Above Grade SR's Bth's BR Bth BR Bth BR Bth Room Count 3 3.5 2 2.25 $2,500 4 2 $3,000 2 2.75 $1,600 Living Area 2.936 2,668 $6.700 1.440 $37,400 1,662 $31.900 Basement Area 1,435 460 $7,600 1,440 $0 824 $4,900 % Bsmt Area Fin. 83% 0% $17,900 90% ($1,600) 0% $17.900 Functional Utility Falr(multlplle levels down) Average ($30,000) Average ($30,000) Average ($30,000) HeaVCoollng ForcedAir/CentralAir ForcedAir/Cen $0 ForcedAir/Cen $0 ForcedAir/Cen $0 1"\UuJtlonal Walkout basement No w/out Bsmt Walkout bsmt Walkout Bsmt Features Whirlpool tub No Whlripool $7,000 Whlripool Tub $0 Whlripool Tub $0 3 Car Attached 2Car Alt. 2 Car 2 Car Alt. Garage 2 Car Detached Del. $5.000 3 CarAIt $7,500 2Car Del. $5.000 3Seas Porch Porches Screen Porch Screen Porch $5.000 3 Seas Porch $2.500 3 Seas Porch $2.500 Decks/other No Deck Small Deck ($1.000) Deck ($2,000) Deck ($2,000) Fireplaces 2 Fireplaces 2 Fireplaces 2 Fireplaces One Flreptace $2,000 Net Adjustment% 3% 1% 10% Net Adjustment ($14,300) ($8,200) ($61,300) Fin: Indicated Value $524,700 $541,800 $538,700 Final Value Estimate $535,067 Location Map - 25.3580030 Date: 5/2/2002 Oay prtI-\ ~~ ~ ~ ~~1~ ~~I I '--JI IS ~ ~~ Comp 3 ~~I--- \ /"À æiE3~&(( ~ F:\ ~~ j; ~~~\\\ (/ VL\/ A~~ ~ œ~~ "U~0 M1 )- t ~ ~\\\\,~~~ '-~'/III 11ft:=. =::i""".. I I l'IDT\~;ç ~' '-. ........ ~ _11~'í~~ - ~ ~ \VrJ¡l á 1\ \ \ \ \ l..c ---Yy::~ ~'-é A -À'" \Íl"' ~ ~ Y I^,\ GY/ /' ~~ ~ \ -/1 ;¡ VJV .Jlili ~v- lCom'" 21 ( /1 1 /., \ IIII vA JIJ I \Y- I.., I ~ '-\'0 :;. ^-.V: -hlW:(" Î\ '" ~ \ K1 I '^ >:6- - 'V>" 1'- -, a: Com 1 r-~ III&> ~ II 0 ~ ~~ 'Çx.....7j -/ I~ YA\¡ > -,~IIDIIII'\' ~ ~\.lL./ -----.-"f" ::'Ç ':Æ) H r I I I \ '>,. r-I/I "'-I ~ ~ 1\\ 1:IL0-A ø \. ~~ \kf~ ~ ~ 1 ~ Subject )}- bt--, ~ ~~~"Jg j { -~ ~ ~l~ ~~\~ '"\ fi 1IIIIIIn Br---1 I t£»):!!),«)'(} W~J¡ ~ I ERffiFRFR I // WE \v/1 0.1 0 0.1 0.2 Mles I I .""'-1&.' . . .... IS to lSa ~IS 1=......... my"""""",", Subject Side View Fisher Property Subject Front View Comp I Comp 2 Comp 3 BOARD OF APPEAL AND EQUALIZATION-2002 (, (Assessed In 2002/Payable In 2003) APPEAL # PID# DATE NAME ADDRESS 250920010 4/22/2002 FRIGST AD,RONALD 9270 KIOWA TRL CHANHASSEN MN 55317 DISTRIC CHANHASSEN CITY PHONE 612-4t8-9256 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. No improvements made or improvements not yet complete. Property needs roof replacement, deck replacement, driveway not paved. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $58,100 $103,000 $161,100 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 $0 CLASS 20t 1 ACTtON TAKEN BY ASSESSOR: STEVE C DATE: In response to a call from Frigstad last year, the property was inspected and an adjustment was made to his estimated market value. He has again appealed his value this year, and a comparable sales ana1ysis was completed for the home. The analysis is attached for your review. In his appeal letter Mr. Frigstad notes that his house need to be fe-roofed, the deck needs replacing, and the driveway is not paved. As concerns the roof, we do not adjust values downward for the condition of short-lived items of a house such as roofs, water heaters, carpeting, etc. We also do not add value when these short-lived items are replaced or updated. We recognize the poor condition of the deck and are not currently adding value for a deck in our estimated value. The diminished value due to the gravel driveway has been adjusted for in the sales comparison analysis at the estimated cost to pave the exiting driveway. No change in the estimated market value is recommended. The sale comparison analysis indicates a market value for the property of$184,400. Our current estimated value is $161,100. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV IAMOUNT OF ADJ (DIF+.) I I $58,100 $t03,OOO $16,100 ($t45,000) I NEW IMPRV. VALUE CHANG NEW GA LAND VALUE NEW CLASS CODE 201 t $0 $0 ACTION TAKEN BY BOARD: Adjusted as noted: Approved as Recommended City of Chanhassen 2002 Board of Review Appeal- Frigstad Property PID 25.0920010 5106/2002 Property Description: House: The subject property is an average quality ftont tuck-under style split entry design home built in 1971. Half of the basement area is used for the tuck-under garage. Of the remaining basement area, 376sf is fmished at only a fair quality level with a family room and % bath. There is a deck that is in poor condition and was not given any value for the current assessment. There is also a gravel driveway as opposed to asphalt. Site: The subject site is a fairly large city lot 0.7 acres in size with city sewer and water. Abutting the rear lot line is city parkland. Comparabte sate setection: Three comparable sales were chosen. The first sale is located in the subdivision as the subject and is sited on a similar size lot. It is also a split entry design home, but has a large attached garage rather than a tuck under style. The 2nd and 3"' comparables are sited on smaller city lots and do not enjoy the abutting park amenity, but are similar in split entry design with the tuck-under garage. Adjustments made to the sale prices of the comparable sales. The sale dates for the three comparable sales range in age from 4 to 18 months from the assessment date of 1/2/2002. As market values have increased over this time, an upward adjustment was made to comparable sales based on an 8% annual rate of growth. Adjustments were made to the land values based on the size of the lot, topography, and location. Adjustments for age of the homes were made at $1000 per year. As the deck was given no value due to its poor condition, adjustments were made as though the subject had no deck. Also an adjustment was made for the lower than typical quality of the basement fmish area. The subject and comp I have gravel driveways. Since paved driveways are typical for this market area, an adjustment was made to comps 2 and 3 to adjust for this difference. A value of $2000 was used based on the cost to pave 1400 sf of the subject's driveway with a 2"gravel base and 2" of asphalt at $1.40/sf. Additional adjustments were also made for differences in size, and other amenities based on typical market values for these differences which are derived from the analysis of sales data ftom all types of residential properties within the city. Indicated Vatue After adjusting the sale prices for the three comparable sales as noted above, the average indicated market value for the subject property is $184,400 (rounded). The current estimated market value for the subject property is $161,100. No change in the estimated market vatue is recommended. Comparable Grid for 25.0920010 ttem Subject Comparabte #1 Comparable #2 Comparable #3 Address 9270 Kiowa Trail 600 94th Street West 7609 Irtquols 509 Laredo Lane Property 101 25.0920010 25.0920070 25.3500280 . 25.3900090 Proximity - (see map) (see maps) (see maps) SaIePrtce - $205,000 $164,000 $168,000 Price/SF - $176.42 $131.41 $138.61 0313 Source Inspection Record Adjustments Descrtption Descrtption +(-) Adj. Descrtption +(-) Adj. Descrtption +(-) AdJ. Dale of Sate Aug-Q1 $5.500 Jut-Oo $19,700 Mar-Q1 $10,100 Bandirnere Heights 2nd Bandimere Laredo Lane Location Addn Heights 2nd Highland Pari< Addn .79 Acres SiteNiew .70 Acres (comer lot) .31Acres $5.000 .16 (cul-de-sac) $8,000 Destgn/Appeal Split Enby Split Enby Split Enby Split Enby Quality of Average Construstion Average Average Average Year Built 1971 1977 ($6,000) 1969 $2,000 1977 ($6,000) Condition Avg for Age Avg for Age Avg for Age Avg for Age Above Grade BR's Bath Flxt. Total BR Flxt Tot BR Fixt Tot BR Flxt. Tot Room Count 3 7 3 8 ($500) 3 12 ($2,500) 3 6 $500 Living Area 1,346 1,162 $4,600 1,248 $2,500 1,212 $3,400 Basement Area 1,300 1,050 $1.300 1,248 $300 1,176 $600 % Bsmt Area Fin. 29% 93% ($6,000) 30% $0 34% ($200) I Basmt !-lnlSh Quality Fair Average ($3,000) Average ($1,500) Average ($1,500) Functional Utility Average Average $0 Average $0 Average $0 Heat/Cooling ForcedAlr/CentralAir ForcedAJr/Cen $0 ForcedAir/Cen $0 ForcedAJr/Cen $0 Driveway Gravel Gavel $0 Asphaft ($2.000) Asphalt ($2,000) 520 Sf Tuck 616 Sf Tuck Garage 650 SfTuck Under 960 Sf Attached ($18,000) Under Under Porches 0 0 192 Sf patio ($500) 0 Decks/other None Valued 200 Sf deck ($1,000) 396 Sf deck ($2,000) 256 Sf deck ($1,000) Areplaces 2FP 1 FP $1,500 1 FP $1,500 NoFP $3,500 Gross Adjustment % 20% 24% 22% Net Adjustment% 11% 14% 9% Net Adjustment ($21,600) $22,500 $15,400 tndlcated Vatue $183,400 $186,500 $183,400 Final Value Estimate $184,433 Location Map 1 - PID 25.0920010 00: 5/6/2002 r hI/. fÀ'-LI~h-Un'>~ (i"l ~ þ..J 1D"i...l:~W'-(À :'-.i.'! '0' ~ 1'V,I(~:o'): r- ,ii' - ,If\>/''11Jl . r" ~ ':lilh! ::r f¿ Sublect -:-I.ci.i -L ~ ~ ~ B- -i CoIlJP 1 r'., - _I .¿ ,., ~ ~~ .! 0 çCi' '- ~~ vf C e- fT / r-:-i~ 1 L¿¿ -I~ ~ vN;~ ~ ~YT :~~ ~ ~ ~ -( )"-~ rm LJ f- ~~7 - I I I I / Ir ~ ~ / / 1 ~~ttjtj V ~~ ~ J V =¡z / .., , JIJ¡- - .L ~ v J':: 7J ~ . 500 0 500 1000 Fæt I I II·, ~~,:,["P 10 asa . = ..,.""""""" Location Map 2 - PID 25.0920010 Date: 5/6/2002 Oay -~' "\f\~~ M~~ ~~II h ~~~ ^'~~ \ \j;~ ~0 t¡. ~\\J I I'U . \\_~\:B\= \\0. ~ 2'1\"\ J.. ....,I-Y§ìt- "\ ~ ~ ~\\\ \-'\1... I Çj ~ ,Y/", \\\v.... v 'L ~ '\ \(;>' J "~ 1 I /1 , > ,\ r[fT L'\\ '" J'"'Ï U ~ ~~Wl ~~.T>'!f -0»rL "if r= ~ ~ .... ,('-.J ~r- V-y ::: '-, Y~"'msij~--;~>¡~~lI.\. :rÞ III ~111!d!l'.~m".;I;m;, '=f-/ / 7 I '.fS,.7"' I I I ~¡;',..2 --; .J c.U / T," i= - }{JJ 1m cmm 'X·;.m'...'..:;,¡;.;,..... A- I / ...LJ"~ > 'i':;,.....-¡·" 1 Comp3 ~ .-f- \ I tl~ Y ~..,t:. : \D\\ 'I I I ~0\. :. \ ¡-- ~ rn'< '7'0/\ ^ \ I I; 1-s3SX-"Y ^ ..... ...c===-: '-"\."'~\ r-:: - 1< '" ~ f\~ò.\ "" ~::.¡-, I I r rj; l( Y- "= ~'\ 87"7--.. A\ ~, "- IDJT 111"" Co 2:- ':::!iì/,^ I~ \~ II I I III1 mp ì 'i"0.~ " 11i~" ~,r, N'~~1V~ QrJ_ '" fJ i1'DIBJ>~~ ~L ,] '\..~ ~ j L\(kL.) rL ~~~ 4~ µ ~k~ /A~~~ ~~~ ~'-(( ~~rTì'i-. . 500 0 500 1000 Fæt I I I·'...··. ~..' " .". .-.'... J "/,/' :. )'-~~~ '" " '\~ , , ~. i;'~ ,; 'I, '. . .. .'V !!! " ;', ;'1'(~~~~.i,:~*~¡';~: Frigstad Property Subject Comp I Comp 2 Comp 3 BOARD OF APPEAL AND EQUALIZATION-2002 7 (Assessed In 2002/Payable In 2003) APPEAL # PID# DATE NAME ADDRESS 252880010 4/22/2002 GETSCH CORP 5404 GLENGARRY PKY EDINA MN -------------- I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. DISTRIC CHANHASSEN CITY PHONE 55436 ---------------.-----------."-------.--- . ------.--....--.--..-- .. .._-_..,..._---_.~--'------,_._._--------_.,--_.,---,--.------.--.----..--------------.-...----.,....--- ---------....------------....---.--..---...--. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE S285,500 SO S285,500 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 SO CLASS 206 0 ACTION TAKEN BY ASSESSOR: STEVE C DATE: PENDING: I will have information and a recommendalion prepared for the May t 3th meeting. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+.) I I SO SO $0 (S285,500) I - Approved as Recommended __AdJusted as noted: ACTION TAKEN BY BOARD: NEW IMPRV, VALUE CHANG SO NEW GA LAND VALUE SO NEW CLASS CODE 206 0 BOARD OF APPEAL AND EQUALIZATION-2002 2' (Assessed In 2002/Payable In 2003) APPEAL # PID# DATE NAME ADDRESS 252880020 4/22/2002 GETSCH CORP 7530 DOGWOOD RD EXCELSIOR MN DISTRIC CHANHASSEN CITY PHONE 55331 ------------ I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. Improvements made do not wammt amount ofvaJuation increase. ._._._---,._._-'~_.._-----~._-_._---_.__._--,-,--------- 2002 ASSMT, LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $29 t ,800 $37,300 $329,100 --------.------ 2002 NEW IMPRV, VALUE 2002 GA LAND VALUE $0 $0 CLASS t5t 0 ACTION TAKEN BY ASSESSOR: STEVE C DATE: PENDING: 1 witt have information and a recommendation for you at the May 131h meeting. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV IAMOUNT OF ADJ (DIF+-) I I $0 $0 $0 ($329,100) I NEW IMPRV, VALUE CHANG $0 NEW GA LAND VALUE $0 NEW CLASS CODE 151 0 ACTION TAKEN BY BOARD: Approved as Recommended _AdJusted as noted: BOARD OF APPEAL AND EQUALIZATION-2002 c¡ (Assessed In 2002/Payable In 2003) APPEAL # PID# DATE NAME ADDRESS 258590430 4/23/2002 KIMSAl,CHRISTOPHER 7040 DERBY DR CHANHASSEN MN I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. Property needs maintenance· drainage, driveway, windows. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE S55,400 St33,000 S188,400 DISTRIC CHANHASSEN CITY PHONE 952·646.0681 55317 -----.-----------------.. 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE CLASS 20 I t SO SO ACTION TAKEN BY ASSESSOR: STEVE C DATE: Owner did not set up an inspection appointment for an interior inspection. A comparable sales analysis was completed using the data available from our records. The analysis is attached for your review. The adjusted sale prices of the three similar homes used for comparison indicates a market value for the subject of $213,200. Our current estiamated value is $188,400. No change in our current estimated market value is recommended. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ~MOUNT OF ADJ (DIF+.) I I S55,400 $133,000 S188,400 SO NEW IMPRV. VALUE CHANG NEW GA LAND VALUE SO SO NEW CLASS CODE 20t 1 ACTION TAKEN BY BOARD: Adjusted as noted: --------.---.-..---------------.---------------..------~----'-,.-.._--".--...--.-----.-.------------------,.--.---"·'·-_'··_____·__·'_'h_ Approved as Recommended City of Chanhassen 2002 Board of Review Appeal- KimsaI Property PID 25.8590430 5106/2002 Property Description: House: The subject property is an average quality split entry design home built in 1986. Three-quarters of the basement area is lmished. There is an attached 2 car garage and a large deck. Site: The subject site is a typical city lot served by city sewer and water. Comparable sate selection: Thee comparable sales were chosen. The lust sale is located in the same subdivision as the subject. The other two are located nearby in similar subdivisions. Adjustments made to the sale prices of the comparable sates. The sale dates for the three comparable sales range in age from 6 to 9 months ftom the assessment date of 1/2/2002. As market values have increased over this time, an upward adjustment was made to comparable sales based on an 8% annual rate of growth. Adjustments for age of the homes were made at $1000 per year. Additional adjustments were also made for differences in size, and other amenities based on typical market values for these differences which are derived ftom the analysis of sales data from all types of residential properties within the city. Indicated Value After adjusting the sale prices for the three comparable sales as noted above, the average indicated market value for the subject property is $213,200 (rounded). The current estimated market value for the subject property is $ t 88,410. No change in the estimated market value is recommended. Comparable Grid for 25.8590430 Item Subject Comparable #1 Comparable #2 Comparable #3 Address 7040 Derby Drive 821 Preakness Lane 951 Redwtng Court 721 Contestoga Trail Property ID# 25.8590430 25.8590540 25.2021320 25.2010270 Proximity - (see map) (see map) (see map) Sale Price - $193,000 $188,000 $199,900 Price/SF - $150.19 $185.04 $177.85 Data Sourœ Inspection Record Inspection Record Inspection Record Inspection Record Adjustments Description Description +(-) Adj. Description +(-) Adj. Description +(.) Adj. Date of Sale Mar.Q1 $11,600 May.Q1 $10.000 Jun-01 $8,000 Triple Crown Chaparral 2nd Chanhassen Location Triple Crown Estates Estates Addn Vista 3rd Addn .35 Acres Cul- SiteN1ew .28 Acres de-sac .31 Acres .38 Acres Design/Appeal Split Entry Split Entry Split Level Split Level ...ua,,~y o. Average - 30 Construstion Average - 30 Average· 30 Average - 30 Year Built 1986 1986 $0 1985 $1.000 1988 ($2,000) CondlUon Avg for Age Avg for Age Avg for Age Avg for Age Above Grade BR's Bath Fix!. Total BR Fix!. Tot BR Fixt. Tot BR Fix!. Tot Room Count 5 11 3 8 $1,500 3 7 $2,000 3 8 $1,500 Living Area 1,220 1,285 ($1,600) 1.016 $5,100 1,124 $2,400 Basement Area 1.160 736 $3.800 1,016 $1,300 616 $4,500 % Bsmt Area Fin. 75% 75% $3.300 59% $2,900 100% $2,700 Walkout Bsmt. None Walkout ($2,000) None None Functlonat Utility Average Average $0 Average $0 Average $0 Heat/Cooling ForœdAlr/CentralAir ForcedAir/Cen $0 ForœdAir/Cen $0 ForcedAir/Cen $0 _nergy ~"'Clent Items None None $0 None $0 None $0 Garage 484 SF 624 SF 3 car ($7,500) 440 440 104 SF Open Porches None None $0 Porch ($1,000) None $0 Deckslother 616 SF Deck 366 SF Deck $1,000 336 SF Deck $1,000 None $2,000 Fireplaces 1 None $2,500 None $2,500 None $2,500 16% 13% 11% Net Adjustment% 6% 13% 11% Net Adjustment $ 1 2,400 $24,800 $21,600 Indicated Value $205,400 $212,800 $221,500 Final Value Estimate $213,233 Location Map - 25.8590430 Date: 5/6/2002 Gay ~Ltjl \:zt C'~~ I II/I ',Li~è1QJ9 I- :ERBER BlVD :;{ ~~ ' I Î\~ ~~ ~ ~'i: ~ ,\ \t": WQ ,::,~~G \- I, "~~~ \ \i\ ~. ~ -:; ~ We') y¡ ~ \'=- I .-:: s, m _ -t- ,..... ~-w / \ ~ ..$ Subject ........~~ .>. m , t¡¡; :7. [L ~ - "J ..... "'V' lJ Carr J 2 LANE ,\ r---- Y ~ At--...... __I ~,/ -' ./ <r \-I~ cr____ ~M / \......., \¿~ J 'S\z ~---¡ 7í 'LI W "'11 LI BtGHORN .,s¡; 1\ J\ \ Comp3 t ~ ~ B 11: i::: ~ / \ \ J 'Ìì/ p ~ IYESTOG i ~'M1UÛ·F!!!·····t S!'ì:- ,) !) 'IIr >------ ""'" - « r--- ),,'- ~~ '\ \\ ___0 ~ 0 ..?' ~ Jfi L '1 .\ ~W;i }/ n, 500 , o 500 1000 Feet , Kimsal Property Subject Compl Comp 2 Comp 3 /û BOARD OF APPEAL AND EQUALIZATION-2002 APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 252610010 4/22/2002 OLSON,ROB & CALI 7700 CRIMSON BAY RD CHASKA DISTRIC CHANHASSEN CITY PHONE 952·470-8774 MN 55318 .----- ------~---- I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. Increase in valuation does not accurately reflect market value of similar l10mes in area. Valuation is higher than neighbors. with similar homes. No improvements made or improvements not yet complete. "-'-'---~'-------,._---,-,-,-_..,-~-,-,._,~.- -"-----·····-------------------___________m_._____._______..___________ 2002 ASSMT. lAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $t71,500 S3t4,600 S486,tOO 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE SO $0 CLASS 20t t ACTION TAKEN BY ASSESSOR: JOHN C DATE: Met with the owners and inspected the interior of the home and the site and lakeshore. A description of the subject and a sales comparison analysis was completed and is attached. The sale analysis indicates a market value of approximately $593,000. Our estimated market value for the property is eonsiderabty less tban that. No changes in the estimated market value for the subject property is recommended. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+-) I I St71,500 S3 t4,600 $486, toO $0 NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 SO NEW CLASS CODE 201 I ACTION TAKEN BY BOARD: _ Approved as Recommended _Adjusted as noted: City of Chanhassen 2002 Board of Review Appeal- Olson Property PID 25.2610010 May 7, 2002 Site The subject is 2.51 acres on the southeast side ofMinnewashta. The shore line is 119', mostly marshy. Access to the main part of the lake is through a small pond-like bay which is relatively sballow. Per discussion with the homeowner the subject and the neighbor to the south are permitted to bave one dock to the lake. Topography is basically level on the east side of the property then sloping to the lake. Views are Lake Minnewashta to the north and west and State Highway 5 to the southwest. The property bas a private well and septic system. House The house is a good quality two story with a walkout basement. The lower level consists of a family room with a fIreplace, bedroom, studio and a full bath. The main level has a Y. bath, laundry area, kitchen with corian countertops, contemporary style cabinetry, hardwood floors, and a great room open to the second floor with a fIreplace and built-in entertainment center. The second floor consist of an open office area overlooking the great room and a master suite with walk-in closets and a master bath with whirlpool tub and separate shower. Comparable sale selection: The subject and comparable sales are located on full recreational lakes in Chanhassen. Comp I was is located on Highway lOt, comp 2 is an adjacent property, comp 3 is located on a much smaller site with less lakeshore but of a higher quality. Adjustments made to the sate prices or comparable sales A time adjustment was used to reflect the changes in the market. This adjustment was based on an 8% annual rate of growth in market value. Site adjustments were based on overall size, lakefront foot, quality of shoreline, topography, availability of public utilities and outside influences. Most weight was given to the quality and length of shoreline. Comp I was considered superior due to its quality and slightly longer lakeshore. Comp 2 was considered superior due to its longer shoreline and being located closer to the open area of the Jake. Comp 3 is a much smaller lot with little shoreline, however the quality ofJakeshore and location on the open area of the lakes is superior. Age adjustments were made at $1000 per year. Bathroom adjustments were based on $500 per fIxture, gross living area was adjusted at $40 per foot and basement fmishing was adjusted at $25 per foot. Other adjustments were made according to their typical contributions to market value is this area. Reconciliation The average indicated value for the subject property in the sales comparison analysis is $593,000. The current estimated market value for the subject is $486,100. No change in the estimated market value is recommended. Date: 4/22/02 To: Board of Review City of Chanhassen From: Rob & Cali Olson 7700 Crimson Bay Road Chaska, MN 55318 Subject: Reasons for Appeal of Assessed Value 1. We have made the argument in the past, and will continue to make the argument in the future, that the ability of our property to significantly rise in value is severely limited due to its location in relation to Highway #5. The amount of traffic on Highway #5 is at an all time high and will continue increase as development continues to move west. The extensive traffic makes entry and exit difficult, is time consuming and, at times, is dangerous as evidenced by the numerous accidents that have occurred at the entrance to the Minnesota Landscape Arboretum. Traffic noise is a constant and is clearly perceptible to anyone walking the grounds outside of the home. Because of Highway #5, we feel that using sale prices of properties that have sold elsewhere in Chanhassen is not an accurate gauge for determining the value our property. To support our position, we present the sale of our next door neighbor at 7660 Crimson Bay Road (PID R25.2610030) as an example of how appreciation is limited in our neighborhood. The lot sold on 6/24/95 for $680,000 (Certificate of Real Estate Value #24835). Subsequent to that date, the owners added an outdoor swimming pool and associated landscaping, a 200 foot dock to open water and boulder retaining walls along the north and south lot lines of the property. The property resold on 5/24/00 for $709,277 (Certificate of Real Estate Value #32179). Appreciation basis sale price was $29,277 over a 5 year period which equates to 4.3% or 0.8% per year. 2. Steve Clay of the Carver County Assessor's Office found cause to lower the land portion of our 2002 proposed estimated market value from $175,100 down to $123,800, a decrease of $51 ,300. We maintain that the reasons he used in lowering the valuation have not diminished in the least. 3. We feel the valuation of the building portion of our valuation is overvalued vs. our next door neighbor at 7750 Crimson Bay Road (PID 25.2610011). Comparable Grid for Olson Item Subject Comparable #1 Comparable #2 Comparabte #3 Addn!ss 7700 Crimson Bay Ref 7400 Chanhassen Road 7650 Crimson Bay Rd 7417 FronUerTrall P'"P8'1YtDl 25.2610010 25.0120600 25.2610030 25.0800050 ProxImIIy - 4 miles east next door 3 miles east Sale Price - $539,000 $709,224 $420,000 PJiceISF - $202.02 $221.91 $226.78 Dafa Soun:e tnspec.lCo.Records InspeclCo.Recon:Js Inspec.lCo.Recon:Js Inspec./Co.Redords DescrtpUon DesalpUon +(-) Adj. DesalpUon +(-) AdJ. DesalpUon +(-) AdJ. Dafa of Se1e NIA Jul'()1 $21,500 May-OO $89,600 Oct'()1 $5,600 Location Lake Mlnnewasta Lotus Lake Lake Mlnnewashta Lotus Lake 2.51Acres 119'FF weedy 1.74 Acres 159'FF 2.66 Acres 212'FF .42 Acres 53' FF SIIeIVIew takeshOle Avg Lakeshore ($60,000) weedy lakeshore ($30,000) Slope to Lake $60,000 Design 2 Story Multl-Ievet Rambler 2 Story Quality of Canst Good Average $35.000 Good Above Average $20,000 Age 7 years 23 years $16,000 13 years $6,000 24 years $17,000 Condition AV9 lor Age Avg lor Age Avg for Age Avg for Age Above G..de BR's Bath Fix!. BR Fix!. BR Fix!. BR Fix!. Room Count 1 11 2 9 $1,000 4 16 ($2,500) 3 10 $500 Living Area 2,458 2,668 ($8.400) 3,196 ($29,500) 1,852 $24,200 Basement Area 1,258 4BO $7,000 3,180 ($17,300) 1,024 $2,100 % Bsmt Area An. 64% 0% $20,100 94% ($54,600) 40% $9,900 Walkout Walkout Watkout Walkout Walkout FunctlcnalUlllity Average Average $0 Average $0 Average $0 HeatICcoting ForcedAIrlCentratAlr ForcedAlr/Cen $0 ForcedAlr/Cen $0 ForcedAlr/Cen $0 Addnl Features Whtripool tub None $1,000 Whlripool tub $0 Whlripool tub $0 2 Car Attached Garage 2 Car Attached 2 Car Detached ($6,000) 2 Car Attached $0 3 Car Detached $0 Pon:hesiDec:b Lrg. Open FrI. Porch Screen Porch ($2,500) Deck Large deck and PaUl ($1,500) SpeclatFeetures None None PooIIHottub ($15,000) None F"øep/aœs 2 Fireplaces 2 Fireplaces 2 Fireplaces 1 Fireplace $1,500 Gross Adjustment % 29% 27% 32% Net Adjustmenl% 5% 7% 33% Net Adjustment $24,700 ($53,100) $139,300 Indicated Value $583,700 $658,124 $559,300 Final Value Estimate $593,041 Location Map 1 - Olson Property ~: Sn/2002 ~ Subject~ ") ~ ~ IT 500 0 500 1000 Feet I I Location Map 2 - Olson Property Date: Sn/2002 Oay 7ffi7j ~v'" 1/'-, '~i:¡~I~\~*¡"t!~\-t\t\3F ,,::-- ... .. ..', r ~ ,.r·, t-- -:iJ \ ~ \ ) . . ~ _If/,(O .. ".' I ì r );::::;.<", ~ ~ ~ ·'····ii';;i,j ~.( ~./ Iì:-rr '/~,\\ \..J v 7/ ~ \ "'''< ~, >- I ,~ 111>0 :--< ~ II ~ ,\ VI I L -1/ .~ J I ~/é :;?\(.. ..~ "-......... ~'1 G \ 11 ) :==; II I I I /. ...... ~ ;;::.... ./ <..... Y 1 I I II I I I'" Comp 3J ~-~I IIIIIV~ ,\~ o J-h.L/ Ë = I 1 I \,,,- - .....1]=1-,.--\\/ Ilw ,'.2 f-...J J- ~ I I ì'lX.rL/ ~ - ~fi]r- t.. ~ I ~ ~ . ~ I \ ~ 1T -/F ~ T / t: f-- :/ I( "" ~ Com) 1 """ "I 1111111 /- ~ V \ ~ 1 I I I I I I I I L -~f\ '? ~ . I =r: := - , -¡ ¡:¡:t; é/ -I- / / - :J:\. )' -I- I- //f - -I- ..>-'"~ -I- DTI[[[J I l>~ / I ";~, "'1í:I iìi 0 []Jj h" E~ [ITJ rl 00 III V g - II I L1/ ~Lr1Dl ~CGL. ~/ ~ 1 I I 500 0 500 1000 Feet I I · 'f#.~:;;~""ll;"') 'Ij:; : ___L:·.'._,l.. J.l~~w" Olson Property SUBJECT FRONT SUBJECT REAR COMPl ...,.~., .~ - - ~ . ." J .'~- , -',.,- ,-".,-,--'-'''' ~r·;l.:~~~~_~,>~~;,~ t~: z~::>·~ , ,~ 'U,">;'" COMP 2 COMP3 If BOARD OF APPEAL AND EQUALIZATION-2002 (Assessed In 2002/Payable tn 2003) APPEAL # PID# DATE NAME ADDRESS 252620330 4/22/2002 DECKARD,TODD 6611 ARLINGTON CT CHANHASSEN MN ....-------------------------------------- DISTRIC CHANHASSEN CITY PHONE 952-380·0832 55317 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. Increase in valuation does not accurately reflect market value of similar homes in area. The average time a home remains on the market has gone up dramatically since we originally purchased. ---_._._..~--_. -------------,--,--~----- 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG, VALUE 2002 ASSMT. TOTAL VALUE S58,tOO $164,700 $222,800 2002 NEW IMPRV, VALUE 2002 GA LAND VALUE CLASS 201 1 $0 $0 ACTION TAKEN BY ASSESSOR: STEVE C DATE: 4/30/2002 Inspected the property on April 26, 2002. The information for the property was updated in our computerized estimating system, with changes made to the basement finish and enclosed porch characteristics resulting in a reduction in the buiJding value. The 1and value was also adjusted to account for the rear yard slope and topography which limits the functional use of the rear yard. A reduction in the estimated market value of $13100 is recommended as noted below. The owners have been advised of our reconunendation and agree with this change in valuation, ASSESSOR'S RECOMMENDATtON: LAND VALUE BUtLDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+.) I I $54,000 $155,700 $209,700 (St3,100) I NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 201 1 ACTION TAKEN BY BOARD: Adjusted as noted: Approved as Recommended BOARD OF APPEAL AND EQUALIZATION-2002 /2-- APPEAL # (Assessed In 2002/Payable In 2003) PID# DATE NAME ADDRESS 258200130 4/22/2002 FOX,ALAN & ANNABEL 7300 LAREDO DR CHANHASSEN MN 55317 DISTRIC CHANHASSEN CtTY PHONE 952-934-3676 I WANT MY PROPERTY REVIEWED BECAUSE: Increase in valuation does not accurately reflect market value of .similar homes in area. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $281,400 $137,300 $418,700 2002 NEW IMPRV, VALUE 2002 GA LAND VALUE CLASS 201 t $0 $0 ACTION TAKEN BY ASSESSOR: STEVE C DATE: 4/30/2002 Met with Mr. and Mrs. Fox at their home and inspected the house and property on April 26, 2002. At that time we reviewed the recent sales data for homes on lotus lake and discussed the general market trends that have taken place and the assessment process for the city. At the owners request, 1 also compiled data showing the average change in assessed values for Lotus Lakeshore properties and how it compared with changes for his property. Changes in value for the subject property were in~line with the average for all properties on the lake. After inspecting the property, there were a few minor changes to the characteristics of the house that were made and a new building value was calculated. No changes were made to the land value. Accordingly, a reduction in the estimated market value is reconunended as noted below. I have discussed the recommended change with the owner and he has indicated that he is in agreement with this change. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+-) I I $281,400 $t21,OOO $402,400 ($16,300) I ------.----- ---.--- Approved as Recommended Adjusted as noted: ACTION TAKEN BY BOARD: NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 20t I ..--..'......,.....--,-,--.................-........... /3 BOARD OF APPEAL AND EQUALIZATION-2002 APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable tn 2003) 251820320 4/18/2002 JOHNSON,BRADLEY JAY 8026 ERIE AVE S CHANHASSEN DISTRIC CHANHASSEN CITY PHONE 952·906-9263 MN 55317 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. No improvements made or improvements not yet complete. _._------------,---~ ---~--------_. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $47,500 $133,300 $ t 80,800 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 $0 CLASS 201 1 ACTtON TAKEN BY ASSESSOR: STEVE C DATE: 4/30/2002 Owner called office 4/18102 . will be out of town for the first meeting. Inspection is scheduled for 4/29/02 when owner gets back. This property had a fire back in 1998 and repairs of the fire damage have been done by the property owner over the past three years. We left a tag to inspect the property in December of2001, but did not get a response. At that time we assumed the repairs were comp1ete and estimated a value accordingly. I met with the owner and inspected the interior of the property on 4/30/2002. Upon inspection it was noted that there are still some items left to be completed. The property characteristics were updated and a new estimated value was calculated. We will continue to follow up on the progress of repairs for subsequent assessments. A reduction in the estimated market value is recommended as noted below. The owner has been advised of our recommendation and is in agreement with the change. ASSESSOR'S RECOMMENDATION: LAND VALUE BUtLDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+.) I I $47,500 $122,700 $170,200 ($10,600) I NEW IMPRV, VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 20t I ...__'_..n._____. ._...........___m_."_""...". ACTION TAKEN BY BOARD: ..__.......n..........__m_ .........._.._n__.__'__.___"'"__....,,,......._...._...__._._..___""'_'_'_'_"_'."_''''''''''''__'''n'''..''"_"_,,,,,_,__,........._.__......_........ Approved as Recommended _Adjusted as noted: ~ .. BOARD OF APPEAL AND EQUALIZATION-2002 /'1 . APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) , 253530020 4/23/2002 ROSSA VIK,ARILD 8800 POWERS BLVD CHANHASSEN DISTRIC CHANHASSEN CITY PHONE 448-4844 MN 55317 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. See enclosure. Commercial property next door. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT, TOTAL VALUE $t 11,300 $13 t,900 $243,200 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 $0 CLASS 20t t ACTION TAKEN BY ASSESSOR: STEVE C DATE: Spoke with Mr. Rossavik and reviewed his property. The owners major concern lies with the potential impact on his property value from the northerly neighborts home-based air conditioning business which appears to be operated from the detached garage on that site. Activity there involves delivery and service vehicle traffic and a couple of business vehicles, as well as exterior lighting of the site. Helping to diminish some of the negative influence is the size of the 10ts (2.5-3.5acres). however, aggravating the situation is the position of Mr. Rossavik's house so that views from the front of the home look out over the neighbor's garage area. An adjustment of approximately 7% is recommended based on two factors. .Land vatues for acreage parcets such as the subject's are estimated using a base value for the first acre on which the house is located, and an additional value per acre for the remaining acreage. One acre of the subject's 3.74 acre lot has a relatively steep slope, and should be adjusted for it's Hmited utility and future development value. The second factor is a slight economic adjustment due to the business activity next door. As Mr. Rossavik has had ongoing contact with the city regarding this issue, I spoke with Mr. Generous from Planning regarding this adjustment in value. He did not express concern with this adjustment relative to the City's position on Ihe allowed use of the neighbors property. I have contacted the owner regarding this adjustment in value and h~ was in agreement with the suggested change. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEWEMV ¡AMOUNT OF ADJ (DIF+.) I I $95,800 $t31,900 $227,700 ($15,500) I NEW IMPRV, VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 20t I ACTION TAKEN BY BOARD: Approved as Recommended _e__._______._____..______._.._._. Adjusted as noted: · Arild Rossavik 8800 Powers Blvd Chanhassen MN 55317 April 21, 2002 Legal description Sect-23 TWP-116 Range-023 Hillside Oaks Parcel ID; R25.3530020 Local Board of Appeal and Equalization Re: Disagreement with estimated market value of my property. I am protesting against the $45,200.00 property value increase fÌ"om 200 I to 2002. I bought the property in 1993 and have lived there ever since. My property is zoned residential, the neighbor to north, 8750 Powers Blvd, is also zoned residential, but has been running a commercial business, "Air and Heating by George, "our of his two story Warehouse/ Shop (Garage) at least since I became his neighbor. This warehouse generates commercial traffic fÌ"om employees and business vehicles and deliveries of air-condition system for assembling in the warehouse by giant trucks. A copy of the building permit fÌ"om 1985 clearly shows a permit was granted for a residential garage. For 9 years I have never observed any vehicle (Except his motorcycle) parked inside either level of this two story garage which in additional has two mercury flood lighting to facilitate business activity in dark hours. The City of Chanhassen has failed to respond to my many complaints, telling me that The business is run of out his house/ basement.. I have documented many times that the two story business is the center of business activity, and anybody can stop by 7:00 and 8:00AM every morning to see for them selves. I know this is not an issues of the board to resolve, but nevertheless the fact that I have a commercial property facing 8 feet fÌ"om my property line does effect negatively the value of my property as I would have to disclose this fact to potential buyer. Therefore I ask the property value not to be increased as it's residential value is negatively impacted by the commercial building and activity of the property next door. Sincerely Arild Rossavik , ~o\..CK.~~ Encl · ··Assessors GIS Application Date: 4/26/2002 J J j ¡ This map was creafed using Carver CounlY.'s Gcog@phiclnformationSystems(GIS),itisa compilation ofinfonnation and data troin various City, County, State, and Federal offices. This map is not a surveyed or legally recorded map and is intendcdto be used as a reference. CanierCounty is not responsible for any inaccuracies contaIned herein. . . BOARD OF APPEAL AND EQUALIZATION-2002 1.5 APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 25t60051O 4/22/2002 SENNES,DONALD 6680 MOHA WI( DR CHANHASSEN DISTRIC CHANHASSEN CITY PHONE 952-474-3517 MN 55317 --------------------- I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. Valuation is higher than neighbors with similar homes. No improvements made or improvements not yet complete. Also, please see attached. -------~-,- 2002 ASSMT. LAND VALUE $42,600 2002 NEW IMPRV. VALUE $0 2002 ASSMT. BLDG. VALUE $30,400 2002 GA LAND VALUE $0 2002 ASSMT. TOTAL VALUE $73,000 CLASS 204 0 ACTION TAKEN BY ASSESSOR: STEVE C DATE: Met with Mr. Scones and ¡opeeted the property. Recent sales data of similar properties were researched and reviewed with the owner. After a review and discussion of the sales data the owners have requested that their appeaJ be withdrawn. (Letter attached) ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+-) I I $42,600 $30,400 $73,000 $0 NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 204 0 ACTION TAKEN BY BOARD: _ Approved as Recommended _Adjusted as noted: . . PIN ~.:J/ ~ ~€_~~ : R ;;;S / b ODJ,Oò (C :7.-7-' / 6 D 0 ~-I 0 ¿¿,) -"-- £ /?-~. ~~þ .~ Ú?,2-jZß__¿ /Ck ~-o Þ:2 /7./-<L.-~~~ ..'j) -; tJ _ _.. ~ -, /. ___J:._I- /) úZ1 ~ 0" 1/ ----~- .7''<> _.-/--"i.L_> ¿~-U)"~ [l~~AoQ c/ a~1 . n~. .J- ?J'~d-]~;2J é ~~ ¿G' g D- /íðJ-.~ <9~~ (~jLo.-h._¡{~ / /1 ¡J.-!J0-.7 j 7 ,-;;v D ?- C~"-u~ - \. BOARD OF APPEAL AND EQUALIZATION-2002 /0 · (Assessed In 2002IPayable In 2003) APPEAL # PID# DATE NAME ADDRESS 251600500 4/22/2002 SENNES,DONALD 6680 MOHAWK DR CHANHASSEN MN ---- · · I WANT MY PROPERTY REVIEWED BECAUSE: DISTRIC CHANHASSEN CITY PHONE 952-474-3517 55317 · Also, please see attached. Valuation increase in one year seems excessive. No improvements made or improvements not yet complete. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE S48,500 $148,700 $t97,200 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE CLASS 201 I $0 $0 ACTION TAKEN BY ASSESSOR: STEVE C DATE: Met with Mr. Scones and ¡npected the property. Recent sales data of similar properties were researched and reviewed with the owner. After a review and discussion of the sales data the owners have requested that their appeal be withdrawn. (Letter attached) ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+.) I I $48,500 St48,700 St97,200 $0 NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 201 t ACTION TAKEN BY BOARD: Adjusted as noted: Approved as Recommended · , · r2~j~ ~ ~e'T2-~~ P I!J K :;,5": I b OCk!,vD Ie. ,.9"j-. /6 0 D 0-/ 0 ¿j_,,-_ cf4 /7-'-'* ~:t.-.--...:P .;Ç .~' IJ -,r-O ';-,,-, ...... '''"J-_. P .~ . U;J:!;J:2.ß.-tvK..-- //'--~ -........ "",~ /"Z../ ;'L..___~ if /~~ ~-~ ';;;Ç _¿4-_~ ?'O (' ,~.fJ 'J C~O-&i)'1~ µ-.,r-~~M ';1 a~. . n,Z,-,. ~ ~~d-]",-;2j é ~~ GG g D-- /í~J-.~ <9~ éj{-o-->v~"",/ )1 N~?-~~.7 /7 ?r~ :;2/ :?O D ,?-- · · - , . '!It (7 BOARD OF APPEAL AND EQUALIZATION-2002 · (Assessed In 2002/Payable tn 2003) APPEAL # PID# DATE NAME ADDRESS 257930110 04/22/2002 STANTON,DEAN 5 t 0 BIGHORN DR CHANHASSEN MN · · ---~--_._-----_._._-----_._------_._._------- I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. DISTRIC CHANHASSEN CITY PHONE 952-937-1207 55317 Property has soil problems, requires over $100,000 in pilings, steel supports and cement work in order to put house on it. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $142,600 $0 $t42,600 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE CLASS 20 I 1 $0 $0 ACTION TAKEN BY ASSESSOR: STEVE C DATE: 412912002 Met with the owner. Mr. Stanton. at the office. He is in the process of planning the construction ora new home on this lakeshore site, We reviewed soil boring and engineering reports and bidding documents for pilings and other remediation needed to make the ,ile buildable. Findings: The total site area is 0.76 Acres. The western 0.36 acres has a very limited utiJity due to steep slopes, a ponding area, and a creek. The eastern 0.4 acres, which includes the lakeshore, has poor soil conditions for buiJding duc to 40 . 60 feet of sediments deposited by the creek over the past few centuries. In order to make the site buildable for the current1y proposed house, 64 pi1íngs at a depth of approximately 60' are required, as well as additional steel and pre-cast concrete for the foundation structure. After reviewing the documentation and bids with the owner, and reviewing sales data for vacant lakeshore lots on the lake, a reduction in the 2002 estimated market value for this lot is being recommended as noted below. Once the site is improved with the soil corrections and pilings as proposed, the site value will be increased to that of typical lake shore lots of approximately 0.4 acres of usable area. The owner is in agreement with these proposed changes. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+.) I I $70,800 $0 $70,800 ($71,800) I NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 201 I ACTION TAKEN BY BOARD: Approved as Recommended _Adjusted as noted: · -- ...""., "41 U.OO(~) I .... OJ ------ .:_-----""'~~--- ... í,;¡ ':'=i 0' II II , , . t '~._~ \\. " \ \ \ . \ ) \ \ ì / ( \'>ì \.: . .;." '. \ \" --...~ l1'trtU ( ! ( LOTUSt0 ( \\,,~KE ~ ", \" .~~~: ""~~\ \\ \, ;}\ì i. Ci¡, I ' -. , ,. I I ~ .. .. \ i I' -,I J ( '\..J i I ,. · ---- _"r ",,,"., · $" ~ .--,...... - BOARD OF APPEAL AND EQUALIZATION-2002 /8 APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 256800010 4/22/2002 THIELEN,JOHN P & JANE 665 PLEASANT VIEW RD CHANHASSEN DISTRIC CHANHASSEN CITY PHONE 474-t597 MN 55317 ._~----~------_.._-- ------ I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. ---------...------___________._.._......m._______._"_____________________~"________._ -----_._~-_._._-_._-- 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $206,900 St 13.500 S320,400 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 $0 CLASS 201 t ACTION TAKEN BY ASSESSOR: STEVE C DATE: Met with Mr. Thielen on April 10, 2002 and inspected the inlerior and exterior of the house and watked the site and lakeshore with the owner. As noted on the attached comparable sales analysis, there are several issues that are negatively affecting the market value. The home is a walkout rambler design with the living room, kitchen and dining room in the basement level, with the bedrooms and baths on the first floor. The ceiling height in the basement tevet is tess than the 8 feet that is typical for these living areas. The takeshore is poor with an area about t 20 feet deep of cattails and shallow waler between dry land and open water. In order to get a boat launched, the owner has a wood pier out about 60 feet and has a permit to chemically treat a narrow area of the cattails out the remaining distance. After updating the characteristics for the land and building, and recalculating the values, a reduction in the estimated market value is recommended as noted below. The owner has been advised of this recommended reduction and is in agreement with this change. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV [AMOUNT OF ADJ (DIF+-)' I St91,000 $111,000 $302,000 (S t 8.4õõ)] NEW IMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 201 t ACTION TAKEN BY BOARD: ._------------------_._-------,------~--------- Approved as Recommended Adjusted as noted: City ofChanhassen 2002 Board of Review Appeal- Thielen Property PID 25.6800010 5102/2002 Property Description: House: The subject property is an average quality walkout rambler design home originally built in 1963. There is 15t6sf of finished area on the first floor. 1178sf was originally constructed and the remaining area was added in t 985. There is 1488sfofbasement area of which 67% (lOoosl) is finished. The floor plan for the home is one which might be called a ''reverse floor plan" in which the kitchen, dining, and living room are located in the walkout basement area and the bedrooms and baths are located on the first floor level. The first floor ceiling height is a standard 8 feet, but the basement ceiling height runs from 7 feet 2 inches to 7 feet 6 inches, which is lower that typical for kitchen!Jiving room areas in most homes. Site: The subject lot is served by city sewer and water. It is a lakeshore lot .68 acres in size and has 83 feet ofJakeshore. There are mature trees on site. The lot is fairly level from the lake to the house, but rises sharply from the rear of the home to the back of the lot. The quality of the lakeshore is low with an area of thick cattails in shallow water running approximately 120 feet from dry land to open water. The owner currently has a wooded pier covering the first 60 feet and with a pennit, annually removes the remaining 60 feet with a chemical treatment. There is also a sanitary sewer line easement that runs across the width of the property between the house and the lake. Comparable sale selection: As this is lakeshore property, the most accurate estimate of value is derived using sales of homes on the same lake ifsale data on the lake is available. The similarity of the lake and lakeshore is more important than the similarity of the size and design of the homes. "Three Lotus lakeshore sales were chosen. Adjustments were made to the sale prices to reflect the negative functional issues as described for the subject property. Adjustments made to the sale prices ofthe comparable sales. The sale dates for the three comparable sales range in age from 0 to 8 months from the assessment date of 1/2/2002. As market values have increased over this time, an upward adjustment was made to comparable sales 2 and 3. A 10% annual rate used, which is the average growth rate for the city as a whole this past year, although it might well be argued that the growth rate is higher for lakeshore properties. Adjustments were made to the land values based on the size of the lot, topography, and amount ofJakeshore frontage, and the quality of the lakeshore. Adjustments were also made for differences in size, age, and other amenities based on typical market values for these differences which are derived from the analysis of sales data from all types of residential properties within the city. In addition to these adjustments a $30,000 negative adjustment was made to account for the functional issues with the house (reverse floor plan and low ceiling height), and with the sanitary sewer easement across the lot. This is based on an estimated 10% impact on the market value due to functional obsolescence. Indicated Vatue After adjusting the sale prices for the three comparable sales as noted above, the average indicated market value for the subject property is $316,600 (rounded). When these characteristics of the subject property were updated in our computerized appraisal system, the new estimatedmarket value calculates to $302,000. A reduction in the subjects estimated market value to $302,000 is recommended. Comparable Grid for 25.6800010 Thielen ltøm SUbject Comparable #1 Comparabte #2 Comparable #3 Addœss 665 Pleasant View Rd 20 HIli Street 7303 Laredo Drive 7417 Frontier Trail Property ID# 25.6800010 25.8400100 25.8200110 25.0800050 Proximity - 1.5 Miles SE 1.1 Mile South 1.5 Miles SE Sale Price N/A $417,000 $410.500 $420.000 PriœlSF - $303.94 $285.07 $226.78 Data Sourœ Inspec/Co.Records Inspec/Co.Records Inspec/Co.Records tnspec/Co.Records l~uJusunen.. Description Description +(-) Adj. Description +(-) Adj. Description +(-) Adj. Dale of Sale N/A Jan'()2 $0 May'()1 $25.000 Oct.()1 $10.000 Location NW shore Lotus Lake SE shore Lotus Lk East shore lotus Lk So. Shore Lotus Lk .68 Acres 83' FF .99Acres 46' FF 1.1Acres 147' FF .42Acres 53" FF SiteNiew MarglnallWeedy LkShr LongNarrow lot ($60.000) Slope to Lake ($120.000) Slope to Lake ($30.000) Design Rambler Rambler 4 Level Split Two Story Ouaròy of Const Average Average Average Above Average ($30.000) ActuallEffective Year 8ulll 1963/1970 1961/1990 ($2,000) 1958/1965 $5,000 1978/1980 ($1.000) Condition Avg for Age Avg for Age Avg for Age Avg for Age BR's Bath Flxl. BR Fixt. BR Fixl. BR Fixl. 8edrm/Bath 3 10 4 13 ($1,500) 4 7 $1.500 3 10 $0 Above Grade lIVIng Area 1.516 1,372 $3.600 1,440 $1.900 1,852 ($8,400) Basement Area 1,488 1.372 $900 1.440 $400 1.024 $3,700 % 8sm! Area Fin. 67% 67% $1.200 50% $4.200 73% $3,700 Walkout Walkkout Basement Walkout Walkout Walkout Reverse Floor Plan Functional Utility See attached notes Average ($30,000) Average ($30,000) Average ($30,000) HeallCooting ForcedAirlNone ForcedAir/Cen ($2,000) ForcedAir/Cen ($2,000) ForcedAlr/Cen ($2.000) Addnl Features Jacuzzi Jacuzzi $0 Whlripool Tub $0 Whlripool Tub $0 Garage 2 Car Attached 1 Car Detached $7.500 2 Car Attached 3 Car Detached ($2.000) Porches None None 284sf 3Seas Par ($7.500) None 345sf Deck & DecI<s1olher None None 1125f Deck ($1.000) Large Patio ($4,000) Fireplaces One Ftreplace 2 Fireplaces ($1,500) 2 Fireplaces ($1,500) One Fireplace $0 Gross Adjustment % 26% 48% 29% R11 Net Adjuslment% 20% 30% 21% ' ;.,"'"''''',".~ Net Adjustment ($83.800) ($124.000) ($90,000) Indicated Value $333,200 $286,500 $330.000 Final Value Estimate $316,567 Location Map - 25.6800010 Date: 5/212002 Oay IB ~'i// \'" I ;':('ð(;\'\\=!J:~~~~ V ¡Hl ~ ~.~ Sub'ect ?:~~ ~)( j:: I- ~-<'~\~\y ~f\<í~/Æ (\~"-n- ¡ 11'1 7~ = -... ~ Ý"-v Ø) )LL( \ \ /;;;J/::-t¡ 7-1 -I- 11 -L'Tl,.:;22.. ~~~ 1111 ¡;¿)'~:(" L H~, P Á ~ = ~, ,,,' ~-</ >Y- ~- ~ I[jj. ø ¥=1f>¿~ \ L- I (QJJIIîE3~~)?m AID, I /" 0J1lW ~\JIILtJCJ~~~1 ~r¡jf&Y r-r- - '-- tj IL~~ 15/ -,1'\1{ = ~-~?2//;i1 'ffij~\ y" I;:J" ~e ~ V'À'V<'r;:-- I:::ITBID~~ '(<.. 111'r¡(i:;. f11 ~;t=:7~ ~~ ~~ ~ ~, ~'I~~~ §:\~ ífIJ~ ~ ~~~ ,~,' i7-1Mt!i: ~" M~ ,.<\ 1\' -l r' -F(~ r:¡;. \ ~l ~í)Z v- 'I v ~b WL'Y'-< \ I ,Œ ~ ~'- ( I '/ \¥:jJJffiff¡ I , ~ ~ 1 ì\.- . Î '-<' r=:. \~ ~~ cœ :{~\ U)"lv2. \ 'T "'.~I8?\'\\èf: 1 w~~í<t "~3 ~ \ ~\::- I II U)J'ry ~~ e-'--~ III~ ~Q)rlv11 ~ <:J / IT ~ 7, ~I-\ :..J iï III r '" ~ r~ .....-:;:; f-' ?t~~fA III: ~Ä XV '\Ç;~, .....,~ ,\ ,\'rl t- '/ '~ A. A' '- ~ .>;~ r- f-'- ~L" ~UlC \\~~ ~/, Æ I I i-è =í , /11111 r f- T ,j." (^nnn~ ~I @Iffi I I II I R , , ~~í<J:h..~ 0.1 0 0.1 0.2 Mles r I ¡-~,--_.__._..__.__._.- ---- Lakeshore view ;~;."'>' , '~'f~"i!!";;:'~ ,-,.,..~,'", ~~.., ' Thielen Property Front View Comp I Comp 2 Comp 3 (9 BOARD OF APPEAL AND EQUALIZATION-2002 . (Assessed In 2002/Payable In 2003) APPEAL # PID# DATE NAME ADDRESS 256800020 4/22/2002 THIELEN,JOHN P & JANE 665 PLEASANT VIEW RD CHANHASSEN MN ...--.----.-- 1 WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. DISTRIC CHANHASSEN CITY PHONE 474·1597 55317 ----.------- ...._--'"'._"._-_.._._---"~------,----,-,--,_.._.__.,._-----_._"~--_.-._-----'---_._---------,-,-----_.__._,--~-----_.,._-------.,-,--_.._-- 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $109,100 $0 $t09,tOO 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 $0 CLASS 20t I ACTION TAKEN BY ASSESSOR: STEVE C DATE: Met with Mr. Thielen on April 10th and inspected the site and the lakeshore. As noted in the attached sales anatysis, the site has a number of negative influences which needed to be addressed more accurately concerning the slope the site, the buildable area, the low quality of the lakeshore and a sanitary sewer easement. After changing the characteristics in our computerized appraisal system to more accurately reflect these conditions, new estiamted market value was calculated. A reduction in the estimated market value for the site is recommended as noted below. The owner has been advised of this recommondation and is in agreement with the change. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV IAMOUNT OF ADJ (DIF+-) I I $78.000 $0 $78,000 ($31,100) I NEW IMPRV. VALUE CHANG NEW GA LAND VALUE NEW CLASS CODE $0 $0 20t 1 ACTION TAKEN BY BOARD: Adjusted as noted: -~,.__._--~--~-~-~---,------------_.._--._-_.~-~,~---._~----------~._----------,-- Approved as Recommended City of Chanhassen ~002 Board of Review Appeal- Thielen Property PID 25.6800020 5/02/2002 Property Description: Vacant takeshore tot site: The subject lot has city sewer and water available to it. It is a Iakeshore lot .64 acres in size and has 53 feet of lakeshore. There are mature trees on site. The lots highest point is the northern lot line with fronts the access road to the site. From this frontage it drops in elevation approximately 30 feet within the first 100 feet. Due to this slope, the buildable site area is fairly Iinùted and may require either a variance from the front yard set back or a custom multi level design home. The quality of the lakeshore is low with an area of thick cattails in shallow water running approximately 160 feet from dry land to open water. There is also a sanitary sewer line easement that runs across the width of the property. Comparable sale selection: As this is lakeshore property, the most accurate estimate of value is derived using sales of homes on the same lake if sales data on the lake is available. Thee vacant lot Lotus lakeshore sales were chosen. Adjustments were made to the sale prices to reflect the negative functional issues as described for the subject property as well as differences in size, lakeshore front footage, location, quality of lakeshore, and building site considerations. Adjustments made to the sale prices of the comparable sales. Time of Sale: The sale dates for the three comparable sales range in age from 0 to 30 months from the assessment date of 1/2/2002. As market values have increased over this time, an upward adjustment was made to comparable sales 2 and 3. A 10% annuat rate used, which is the average growth rate for the city as a whole this past year, although it might well be argued that the growth rate is higher for lakeshore properties. Location: An adjustment was made to comp 3 for the increased market value of the sale due to the positive influences of being located in a development improved with primarily upper bracket housing. Size: Adjustments were made for differences in the total size of the lots. Lakeshore Front Footage: Adjustments were made for differences in the amount of front footage on the lake. These adjustments were made with the greatest value given to the first 100 feet of shoreline. Quality of Lakeshore: Comp 3 has a sinùlar weedy lakeshore. Comps I and 2 have good lakeshore and were deemed to be $80,000 superior in market value to the subject, based on the abstracted value difference when comparing sales of improved properties with good lakeshore with sales of properties with poor lakeshore. Topography: Comp 2 appears to have sinùlar issues with Iinùtations of either the buildable site area or the need for pilings or design remediation. Comps I and 3 have adequate buildable sites. An adjustment of 100,000 was used as a typical cost for custom design and or construction considerations such as foundation pilings, additional steel beams or reinforced concrete structures to accommodate construction on a steep incline or poor soils. Indicated Value After adjusting the sale prices for the three comparable sales as noted above, the average indicated market value for the subject property is $84,000. When these characteristics of the subject property were updated in our computerized appraisal system, the new estimated market value calculates to $78,000. A reduction in the subjects estimated market value to $78,000 is recommended. Comparable Land Grid for 25.6800020 Item Subject Comparabte #1 Comparable #2 Comparable #3 Address 6xx Pleasant View Road 500 Big Woods Blvd. 108 Sandy Hood Road 7310 Kurvers PI. Road , Property 10# 25.6800020 25.1090080 25.2300050 25.3920020 Proximity to ---- - Subject Sale Price N/A $399,000 $250,000 $250,000 Data Source tnspeelCo. Records Inspec/Co. Records Inspec/Co. Records Inspec/Co. Records Description Description +(-) Adj. Description +(-) Adj. Description +(-) Adj. Date of Sale N/A Jan-02 Jun-99 $60,000 Oct-OO $30,000 NorthWest shore of Lotus West shore of East shore of Lotus East shore of Lotus Lake Lotus Lake, avg Lake, aV9 Lake, Upper location neighborhood neighborhood bracket nelghb. ($25,000) City Sewer and Water Utilities City Sewer & Water City Sewer & Water City Sewer & Water Size .64 Acres .72 Acres ($10,000) .99 Acres ($45,000) 1.08 Acres ($57,000) Front Feet 53' 229' ($110,000) 208' ($104,000) 72' ($26,000) , Fair to Poor Quality Poor quality lakes hare with Good quality lakeshore, up to 160' of cattails from dry land lakeshore 160' wetlands to Quality of to open water Good quality open water Lakeshore takes hare ($80,000) ($80,000) $0 Mature trees, elevated lake Mature trees along Mature trees, Site views Wooded lot, mature shoreline, good elevated lakevtews Amenities trees, lakeviews lakevlew Steep Slope, drops 30 feet Minimal elevation Gentle slope to from road access in first 10< Gentle slope to from lake. May lake, adequate restrict basement ' of lot, limiting building site beach, adequate depth building site Topography building site ($100,000) $0 ($100,000) Gross Adjustment % 75% 116% 95% Gross Adjustment $300,000 $289,000 $238,000 Net Adjustment% 75% 68% 71% Net Adjustment ($300,000) ($169,000) ($178,000) Indicated Value $99,000 $81,000 $72,000 Final Value Estimate I $84,000 Location Map - 25.6800020 Date: 51212002 Oay ~ 1-1 ~~ \ \ I /\ \ lUlu 'rR~~1~~"'" µ ~- ,,,,"' L JA L8=:!~;;:" ~ " - . '>=J(' IL (\ J À\... ~ 1\ '\ ~~Ir v. ~0 ~\ _n,r \ ~ /.)\. ~" \1. I III A / >f,'/ / ,\ V t-J: I ;= "-- J r \ It u r- - .,,(c¡¿ :2 r-, = ~~~ ~~ ~ ~F ~~ 1J~ c- \ ~~\ ~,~'-- I (QdJJ1TI!j~@í ¿~ \ ~K}LLV ~¡~ \ŒJJ:::ií30cr:§ ~I r¡;¡~ V"T\. ;:r- ~ I=/=j~H OL e2ì:\~ ~\(:t ¡::, :..v:::j è:: = :::~~0'717- Effi~ H"JY, -1,..... ¡:::: 00 éL..-/Í 8IB~ <- J U.L !('I~~~~IIU \~~Comp1 ~~ ~ ~~\ 1\;;;·, ~~~-H\d3;: ~ ~ I-f R: J=--: ~\:B .~ ~'" -y)"~ ~r",J. c<; \ \ J..c 'J.1 \ ~ ~rs. jr',~ 11r--~ ~I ,ZL ~ ~ U I " '1<.£ = <...1 /I \ \J.lll1111 III ><'\:0 \I :...(l-(U ~r- "1; '-==r \\TTTi ~IÆ ¡--,"!:.~ ~ ~"YK \ ~ \ 1~~0': c /k~A CoB]J3! ~q; >- =il~~ ~h - ,~~ J ($- :) \ ~) -< [...... 1lil.Y ,...-- K·I r w..l ~ :./. 'ri r::V1:J J.....J. ..J~ H)-w UJ.Iill M- Q~@Y/ <! ~ I"~ '" ~ 0~B ~~_ À'_.~ \~m ~ 0.1 0 0.1 0.2 Mias I I Aerial View - Thielen Properties Date: 5/2/2002 Clay Road Text Contours (10 Feet) County Parcel 160 , o 160 320 480 Feet . Tl1is map was created usiN! Carver Countýs Geo~ic Informar:ion Systems (GIS), it is a compilation ofinfonnation and data from various City, County, Slate, and Federal offices. This map is not a surveyed or legally recordo:i map and is intendcd10 beuscdas a referc:nce. CalVerCounty IS nol responsible for any in!K:CUf3Cies cOfItained hereIn. 2é) BOARD OF APPEAL AND EQUALIZATION-2002 APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 257420070 04122/2002 VOGEL,GA YLE M & RICHARD P 105 PIONEER TRL CHANHASSEN MN DISTRIC CHANHASSEN CITY PHONE 952-945-9455 55317 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. Valuation is higher than neighbors with similar homes. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $387,500 $0 $387,500 2002 NEW IMPRV. VALUE 2002 GA LAND VALUE $0 $0 CLASS 206 0 .,__n ...... .'n'._'................_ . .... ..." .~....,_.___.. .........---.-...__........ ······..__._'_.._...n._....._.__ ....._-,-..,-,.._....-..- ACTION TAKEN BY ASSESSOR: STEVE C DATE: 4/2512002 Met with Mr. Vogel and inspeeled the vacant lakeshore tot. There is a drainage ditch running north and soulh along the western 1/3 of the property. There is also an area of wet soils in the southern portion of the lot. Also this lot is not currently improved with a well and septic system. A reduction of $41,500 in the estimated value is recommended. The owner has been advised of this recommendation and is in agreement with the change. ASSESSOR'S RECOMMENDATION: LAND VALUE BUILDING VALUE NEW EMV ¡AMOUNT OF ADJ (DIF+-) I I $346,000 $0 $346,000 ($41,500) I NEW tMPRV. VALUE CHANG NEW GA LAND VALUE $0 $0 NEW CLASS CODE 206 0 ,_·_._....._.._'n'..'.'.._ _._..__n__.__....._._"...._,..._......,..."._______.._.._.. ... .--....,..,..-.-. ""---"-"""""----''''.--..,-. ACTION TAKEN BY BOARD: Approved as Recommended __Adjusted as noted: BOARD OF APPEAL AND EQUALIZATION_2002 2/ APPEAL # PID# DATE NAME ADDRESS (Assessed In 2002/Payable In 2003) 250092500 4/17/2002 WHITEHILL, W ALTER A & MELBA D 7250 HAZELTINE BLVD EXCELSIOR MN DISTRIC CHANHASSEN CITY PHONE 55331 I WANT MY PROPERTY REVIEWED BECAUSE: Valuation increase in one year seems excessive. 2002 ASSMT. LAND VALUE 2002 ASSMT. BLDG. VALUE 2002 ASSMT. TOTAL VALUE $74,800 $136,800 $211,600 2002 NEW IMPRV. VALUE 2002 GA lAND VALUE CLASS 20 I 1 $0 $0 -'--------_._--~- ACTION TAKEN BY ASSESSOR: STEVE C DATE: 4/25/2002 Met wilh Mr. and Mrs. Whitehill on April 26, 2002 and inspecled the inlerior and exterior of Ihe house ns welt as Ihe tand and 2 OUlbUildings. We also spoke allength about the general property lax process and reviewed Some sales of other properties in the area. The seplic syslem for Ihe site has been recently replaced wilh a mound Syslem. The site is heavily wooded. Upon inspecling Ihe interior of the property, characteristics for Ihe house regarding Ihe Uliiily and condition oflhe basement finished area and Ihe general effecive age oflhe home Was re-evalualed and modified. Also, the quaiily ofa smalt pote barn was reduced. As a result, an increase in Ihe eSlimaled value for the land, and a decrease in the eSlimated value for Ihe house and OUlbuildings is recommended. The tOlal changes result in a recommended reduction in Ihe eSlimated market value as nOled bet ow. I have spoken wilh Ihe owners regarding this change and they are in agreement. ASSESSOR'S RECOMMENDATION: lAND VALUE BUILDING VALUE NEW EMV I!<MOUNT OF ADJ (DIF+'D [ $80,100 $108,400 $188,500 ($23,100) J NEW IMPRV. VALUE CHANG NEW GA lAND VALUE $0 $0 NEW CLASS CODE 201 I . .... - ..... .~'" .........-........---........-- ACTION TAKEN BY BOARD: --- Approved as Recommended _AdJusted as noted: ............-.-.-...-........... .............--..--..'...-...,....----............--- ·····-·-···---···...___._.'..n__._