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HomeMy WebLinkAbout1990-04-23_BOARD OF REVIEWSTATE OF MINNESOTA ) COUNTY OF HENNEPIN ) SS CITY OF EDINA ) CERTIFICATE OF POSTING NOTICE I, the undersigned duly appointed and acting Police Patrolman for the City -of Edina, County of Hennepin, State of Minnesota, do hereby certify that I have on this date posted copies of the attached and foregoing NOTICE OF BOARD OF REVIEW - ASSESSMENT NOTICE - APRIL 22, 1991 on three official City Bulletin Boards, as follows: 1) City Hall, 4801 W. 50th Street 2) 50th and France Business Area, 3943 W. 50th Street 3) Amundson Avenue Shopping Center Dated r/� /�_ 9� Signed Police Patrolman Signed and sworn to before me, a Notary Public in and for Hennepin County, Minnesota, this 1 �4, day of 19 91 4 -83 Clerk's Notice to Post and Publish — HC 1163 ASSESSMENT NOTICE NOTICE IS HEREBY GIVEN, That the Board of Review of the City of Edina in Hennepin County, Minn., in the Council Chambers Edina City Hall will meet arthe-vffrce -of -the clerk, in said City , at Five o'clock • M., on MONDAY the 22nd day Of April , 1991 for the purpose of reviewing and correcting the assessment, of said City for the year 19,91 All persons considering themselves aggrieved by said assessment or who wish to complain that the property of another is assessed too low, are hereby notified to- appear at said meeting and show cause for having such assessment corrected. No complaint that another person is assessed too low will be acted upon until the person so assessed, or his agent, shall have been notified of such complaint. Dated this 12th day of April , 198t. 91. -A A u� 7f 1 Clerk of the City of Edina Clerk's Notice to Post and Publish — HC 1163 ASSESSMENT NOTICE NOTICE IS HEREBY GIVEN, That the Board of Review of the City of Edina in the will meet at-the-office-of- at Five o'clock _T_- M., on Ci Hennepin County, Minn., dina City Hall k, in said City , MONDAY , the 22nd day of April , 19 91 , for the purpose of reviewing and correcting the assessment of said City for the year 19 91 All persons considering themselves aggrieved by said assessment or who wish to complain that the property of another is assessed too low, are hereby notified to appear at said meeting and show cause for having such assessment corrected. No complaint that another person is assessed too low will be acted upon until the person so assessed, or his agent, shall have been notified of such complaint. Dated this 12th day of April , 198t. 91. Clerk of the City of Edina HC 586 (2%84) CERTIFICATION OF POSTING OF ASSESSMENT NOTICE State of Minnesota COUNTY OF HENNEPIN ss. CITY OF EDINA I, Marcella M. Daehn Clerk of the City of Edina, MN in said County for the year 1990 , do hereby certify that on the 11th day of April 19 90, in conformity with requirements of law, I posted notices in each of three of the most public places in said ulty ten days before the time of meeting therein named, and also caused such notice to be published in a legal newspaper, of which the following is a true copy, to -wit: ASSESSMENT NOTICE NOTICE IS HEREBY GIVEN, That the Board of Review of the City of Edina in Hennepin County, Minnesota, will meet at the affir —f-do Council Chambers of Edina City Hall Gler#ift -Aim , at 5:00 o'clock P. M., on Monday , the 23rd day of April , 1990 , for the purpose of reviewing and correcting the assessment of said City for the year 19 90. All persons considering themselves aggrieved by said assessment, or who wish to complain that the property of another is assess- ed too low, are hereby notified to appear at said meeting and show cause for having such assessment corrected. No complaint that another person is assessed too low will be acted upon until the person so assessed, or his agent, shall have been notified of such complaint. Dated the 11th day of April 19 90. Given under my hand this 11th State of Minnesota, COUNTY OF HENNEPIN SS. CITY of EDINA Clerk of the City of Edina day of Afjp�r_il J, , 19 90 Clerk We, the undersigned, Board of Review of the City of Edina in said County, do hereby certify that we, and each of us, attended at the af5ee -ofthe Council Chambers, City Hall Clerk of said City on the day set forth in the notice given by the Clerk of said City and that we then and there remained in session the whole of said day as a Board of Review. Witness our hands this 2nd NOTICE TO ASSESSOR Assessor must make the necessary footings at bottom of each page and carry them forward to the "Tabular Statement "form, and in so doing use all possible care. Minnesota Statutes, Section 274.04. The assessor shall foot each column in his assessment book, and make in each book, under proper headings, a tabular statement showing the footings of the several columns upon each page. He shall also foot the total amounts of the several columns under the respective headings. * * ' Such return shall be verified by his affidavit substantially in the following form: ASSESSOR'S RETURN OATH To Be Signed By County Assessor To Auditor of the County of State of Minnesota SS. County of Minnesota. I, County Assessor of the County of do solemnly swear that the book to which this is attached contains a correct and full list of all Real and Personal Property subject to assessment and taxation in the of for the year 19 so far as 1 have been able to ascertain the same, and that the market value, except as limited by statute, and the assessed value, except as limited by statute, set down in the property column, opposite the several kinds and descriptions of property, is in each case the market value, except as limited by statute, and assessed value, except as limited by statute, of such property, to the best of my knowledge and belief, including all changes made by the Board of Review; and that the footings of the several columns in said book and the tabular statements returned herewith are correct, as I verily believe. Subscribed and sworn to before me this County of day of Auditor of CERTIFICATION OF NOTICE ON INCREASED VALUATIONS State of Minnesota Of ss. County Assessor -19 County I, County Assessor of County, Minnesota, do solemnly swear that the owner or occupant of each description of real property which was subjected to an increase in market value over the preceding year's assessment was given official notice of the amount of such increases. I further certify that all such notices were sent through the course of ordinary mail not less than ten days prior to M-11. Day the c of duly convened or on ten days prior to the official adjournment thereof. lf-th Dar Fra. Date Signature: on which Board of Review T f•mm Q14 Poucher, Minneapolis State of Minnesota, County of Hpnnppin �as. . - ri•ty of _Edina We, the undersigned, Board of Review—* Equalization —of the malty _of Edina n said County, du hereby certify that we, and each of us, attended at the office 1 19trik. an..utl Gpltnri 1 fhamhnr� ri ty��_U_Qok on the 23rd day of 199 _, the day set forth in the notice Section 27'1.01, we matte changes in the 19_ assessments as entered in the following forms. given by the Clerk, and in accordance with the provisions of Alinnesuta St: Witness our hands this 2nd day of May 1990 —Chas *Applies only to Cities whose Charters provide for a Board of Equalimtion instead of a Board of Review. Changes made by Local Board of Review - "Fnler •-Yes" or "No" for each Description. Identify Parcel on which Residence is Located with I cucr "fl". Homestead: 2a, la, or lb, SRR - Seasonal Recreational Resid -lial, SRC - Seasonal Recreational Commercial, Indicnie if blid -Year or Fraclional Homestead. FH National Housing, — * *Indicate t ' c of Pro ten p i ) : R - Resid r is s III. C- Cununrr vial. 1- InJusu i :d, ll - lJtilily, 17. F; "I- 'timber - g *O Other, Specify: Mineral —Se "b; Parking Ramps -36 ;' &. - Parcel Moebo Indi- Aere d I, eate Iadi- CL_ of Property to I:stim.teJ hl,ok,, Value of heal Protk'rty v (.T.naad ar Added NAME OF OWNER ;e DESCRIPTION Sec. 7vp. Numbc� 1 home- or or son d F— Lead ,te.a Ruse. Deeded IsaJ i V t d 'I I pmp-. Inereeae to Estimated 6 Deoeue m Ij Estimated Es'm tad Market IanJ E.doo a of Moldlnya N. . Yea fat Rlud Aum 1100. �t m try bI Aaricvlturel AR Othn Market Value Market I'. Valus l' u( Omi,led Structures Rev and d Other Fsirimalyd hlechinerY Market N. i Propertr tmproveme.ts. Strachnes Value , Do11n Do11n Ddlar. Do1W. Dull.. Dosar. Dosasa Carl; le /iaxine L. Jacobson .05- 116 -21 -41 -0071 ✓ ;Yes Leslie A. /1larilyn H. Sharpe 06- 116 -21 -13 -0018 ✓ j - 11100 57200 128200 185400 Peter A. /Rosemar E. Recht Y 06- 116 -21 -22 -0009 v :es � � 3500 t 59100. 167900 237000 Peter A. Simon 06- 116 -21 -31 -0028 1/ ! •Yes R 12000 i G4200 105800 150000 Robert Nelson /Karen Biller 117- 21 -41- 0016 les R 7U00 ' 79300 4 280700 360000 David 11. Tincher .30- 1 07- 028 -24 -14 -0011 v Yes K _• 19000 72500 121000 193500 George K. llagglund 18- 028 -24 -22 -0041 V ,o R 11200 30800 82200 113000 Richard L. /Kathleen S..Jacobson 19- 028 -24 -14 -0086 ;es i; 22,100 113400 287300 400700 Jerome F. hind Yes P 15000 72600 11200 185100 19- 028 -24 -24 -0036 ✓ The Lexington Property Fund (es R 19200 33500. 91000 1L4500 30- 023 -24 -41 -0001 No CCj '620000 7571000 Aetna Realty Investors, Inc. 31- 028 -24 -44 -0010 .10809000 - 18330000 Mark Eliot 31- 117 -21 -33 -0479 'No .; CC 383400 '1155000 7223000 8383000 Yes 8700 6100 69200 75300 Cat Note: Where omitted real property is added indicate value of land, buildings and machinery separately. 'CoWioueJ no nest page) Y- Minnesota Suburban Newspapers AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA) ss. City of Edina (Official Publication) CITY OF EDINA ' 4801 W. ,50TH STREET_ . EDINA, AHNNESUM55421 ASSESSMENT NOTICE - NOTICE IS HEREBY, GIVEN that the Board of Review of the V#y.of FAIna in Hennepin Coun- ty. Minnesota, will td� k th.the Carrell Chambers of Edina City Hall; 3801"W. 50th Street, In said Ci- ty at 5:00'p. ApPll, a 1990," for the purpose of , n0a d correcting the assess- ment of safd'�y�'.ft the year'1990. All persons COUNTY OF HENNEPIN) l �en Iio d W pow � t by �ed to appear at said 'meeting land show cause for hav- ing such assessrutffif mected. Gregory P t a c i n being duly sworn on an oath says that he /she is No complaint that another person is assessed I too low will be acted *upon until the person so 1 of such gent, shall have been notified the publisher or authorized agent and employee of the publisher of the newspaper known a; BY ORDER OF THE BOARD OF REVIEW. MARCELLA M. DAEHN City Clerk Edina Sun—Current and has full knowledge of the facts which arL —=— LA?"! ii, M) -En — stated below. (A) The newspaper has complied with all of the requirements constituting qualification as a qualified newspaper, as provided by Minnesota Statute 331A.02, 331A.07, and other applicable laws, as amended. (B) The printed I Assessment Notice which is attached was cut from the columns of said newspaper, and was printed and published once each week, for n n y successive weeks; it was first published on Wednesday , the 11 day of April , 19 90 , and was thereafter printed and published on every to and including , the day of , 19 ; and printed below is a copy of the lower case alphabet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: abcdefghijklmnopgrstuvwxyz BY: TITLE: Genera I ana>=e r Acknowledged before me on this 30 day April 19-2-0— J MERI 6f,. M. HEOBLOM NOTARY PUB1.10 -MOD ESOTA p HENNEPIN COUNTY MY 0OMM=1ON EXPIRE$ 7-2-9¢ 000000 d1@0900 J RATE INFORMATION (1) Lowest classified rate paid by commercial users $ 1.10 per line for comparable space (Line, word, or inch rate) (2) Maximum rate allowed by law for the above matter $ 64.9$ per line (Line, word, or inch rate) (3) Rate actually charged for the above matter $ 591; per line (Line, word, or inch rate) (Official Publication) CITY OF EDINA 4801 W.-50TH STREET EDINA, MINNESOTA 55424 ASSESSMENT NOTICE NOTICE IS HEREBY GIVEN that the Board of Review of the City of Edina in Hennepin County,-Minnesota, will meet in the Council Chambers of Edina City Hall, 4801 W. 50th Street, in said City'at 5:00 p.m. on Monday, April 23, 1990, for the purpose of reviewing and correcting the assessment of said City for the year 1990. All persons considering themselves aggrieved by said assessment or who wish to complain that the property of another is assessed too low, are hereby notified to appear at said meeting and show cause for having such assessment corrected. No complaint that another person is assessed too low will be acted upon until the person so assessed, or his agent, shall have been notified of such complaint. BY ORDER OF THE BOARD OF REVIEW. Marcella M. Daehn City Clerk Please publish in the Edina Sun - Current on April 11, 1990. Send two Affidavits of Publication. STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) SS CITY OF EDINA ) CERTIFICATE OF POSTING NOTICE I, the undersigned duly appointed and acting Police Patrolman for the City of Edina, County of Hennepin, State of Minnesota, do hereby certify that I have on this date posted copies of the attached and foregoing NOTICE OF BOARD OF REVIEW - ASSESSMENT NOTICE - APRIL 23, 1990, on three official City Bulletin Boards, as follows: 1) City Hall, 4801 W. 50th Street 2) 50th and France Business Area, 3943. W. 50th Street 3) Amundson Avenue Shopping_Center. Dated d y - 0- RO Signed C _S. O. o e P lman Signed and sworn to before me, a Notary Public in and for Hennepin County, Minnesota, this 10 W, day of r, I 19 rd 4 -83 . / CITY OF EDINA 4801 W. 50TH STREET EDINA, MINNESOTA 55424 ASSESSMENT NOTICE - - -- - - - - -- NOTICE IS HEREBY GIVEN that the Board of- Review of the City of Edina in Hennepin County, Minnesota, will meet in the Council Chambers of Edina City Hall, 4801 W. 50th Street, in said City at 5:00 p.m. on Monday, April 23, 1990, for the purpose of reviewing and correcting the assessment of said City for the year 1990. All persons considering themselves aggrieved by said assessment or who wish to complain that the property of another is assessed too low, are hereby notified to appear at said meeting and show cause for having such assessment corrected. No complaint that another person is assessed too low will be acted upon until the person so assessed, or his agent, shall have been notified of such complaint. BY ORDER OF THE BOARD OF REVIEW. Marcella M. Daehn City.Clerk April 11, 1990 11 ASSESSOR'S r.nn T L f-RT M Cf- F'CT Mk"P \TAT CITY OF EDINA BOARD OF REVIEW OWNER'S EST nr MKT VAL ,RECOMMENDATION DECISION NU. NlUVZ b JAUL KGJJ Leslie /Marilyn 06- 116 -21 -13 -0018 1 Sharpe Lot 1, Block 1 $245,500 $225,000 Property reviewed 4- 24 -90. Reappraisal indicated Reduction to 6501 Cherokee Tr. Cherokee Hills 2nd. reduction to $237,000 $237,000 Lee /Lela Frank 08- 116 -21 -21 -0065 2 7040 Lanham La. Lot 1, Block 2 M.P. Johnson's $284,500 $265,000 Sales and other data verify value. No Change Prospect Hills 14m B. Machean 18- 028 -24 -23 -0058 Cornerstone Constr. Lot 12, Block 14 i 3 4622 Edgebrook P1. Country Club Dist. $805,000 $600,000 Purchased June, 1989 for $475,000. Extensively No Change Brown Section remodeled and large addition following purchase. -- Listing price reduced to $950,000. Jerome Wind 19- 028 -24 -24 -0036 House should be considered as partial construction. There is a significant amount of work remaining with Reduction to 4 5754 Wooddale Av. Lot 4, Block 3 $143,700 $105,000 this property. Newer furnace and electrical update, but interior of home requires considerable $124,500 Concord Grove remaininq repair or replacement. Carlyle Jacobson 05- 116 -21 -41 -0071 5 6624 Limerick La. Lot 12, Block 1 Brookview Heights 5th $196,500 $165,000 Reappraisal indicated reduction (1989 market value Reduction to was $185,400). $185,400 Clark /Bonnie 30- 028 -24 -34 -0059 Miller Lot 3, Block 4 The EMV was reduced prior to the Board of Review. 6 6824 Creston Road Woodhill $152,000 $139,000 Several attempts were made to contact the property No Change owner. Messaqes were left, but no response. T \R1'+ T ASSESSOR'S T Pr_AT. nFCr FST MKT VAT CITY OF EDINA BOARD OF REVIEW OWNER'S EST OF MKT VAL RECOMMENDATION DECISION U. LWU -LL, Ot Z- UiLil�- - -- - - -- - -- Mark Eliot 31- 117 -21 -33 -0479 Sales of four other similar size units (adjusted for view, floor level and garages with condition and 6105 Lincoln Drive Edina West Condo 75,300 personal property considered) support the current No Chanqe 7 Unit #341 + G -136 Apt. Ownership #29 $ 84,000 $ value. (Total Dwellinq (for Dwlq Unit) Unit Inc. Car.) Paisarn /Nuntiya 08- 116 -21 -24 -0021 Hungspreugs Lot 8, Block 2 8 7129 Shannon Drive Hondo 2nd. $318,900 $302,400 Value confirmed by market comparison. No Change John /Plarjorie 05- 116 -21 -11 -0043 Peter 9 6305 Ridgeview Dr. Lot 4, Block 2 $178,700 $171,000 Value confirmed by market analysis. Consideration No Change Savory already given for water and roof nroblem. Warren R. /Mary Lyn 18- 028 -24 -21 -0077 Staley 10 4517 Edina Blvd Lot 9, Block 7 $486,200 Mr. Staley will be discussing Minnesota tax system County Club Dist.- and local property tax increases with the Assessor. Brown Section James L. /Janet 18- 028 -24 -12 -0147 Sales in Eastern.1/2 of Country Club substantiate Grant value. Reduction of value in 1987. Refused entry 11 4604 Bruce Avenue Lot 3, Block 9 $224,400 $206,000 for 1989 addition, access eventually granted which resulted in previous reduction from $264,000 to No Change Country Club Dist.- $224,400. Fairway Section Michael W. /Diana L 18- 028 -24 -22 -0062 Thompson 12 4500 Browndale Av. Lot 4, Block 4 $488,000 $388,000 Value confirmed by market comparison. No Change Country Club Dist. Brown Section ASSESSOR'S r..nm RATrM [TTT CITY OF EDINA BOARD OF REVIEW OWNER'S EST nL' La" X rAT . RECOMMENDATION DECISION .q0 . NAME & ADDRi b L:A" 1 .-u. i V � - — George Hagglund 18- 028 -24 -22 -0041 Contacted Judy Johnson, co- lister of property for 4 13 4402 Browndale Av. Lot 2, Block 2 $422,800 $375,000 months -in mid 1989. Owner -refused only offer of $375,000. Ms. Johnson felt the style and condition Reduction to Country Club Dist. - affected sale price. House has good potential and $400,700 Brown Section well located, but does need updating thoughout house. Joe Ryan 30- 028 -24 -41 -0001 Lexington Property Reduction to Fund Less than 14 6600 France Avenue Unplatted 30- 028 -24 $19,000,000 $15,380,000 - $12,380,000 $18,380,000 06- 116 -21 -22 -0009 Reviewed sales data for newer, custom designed houses Peter /Rosemary Recht in close proximity to major highways - none were found. Five smaller, older houses, one of which Reduction to 15 6400 McCauley Cir. Lot 1, Block 1 $162,000 $149,328 appears to be a custom design, were used for $150,000 McCauley Hgts 3rd. comparison. Robert Nelson 30- 117 -21 -41 -0016 Purchased March, 1990 - $193,500. Karen Miller Inspection made 4- 25- 90 .... in process of repairs and 16 5117 Scriver Road Lot 5, Block 1 $212,500 - - - - -- remodelinq .... will inspect for 1991 assessment and Reduction to Hyland Acres add value for completed repairs. $193,500 Peter /Serene 06- 116 -21 -31 -0028 Received appraisal in the amount of $335,000 not $325,000 dated 7- 26 -89. Call to appraiser confirmed Reduction to Simon $325,000 that appraisal did not include 1990 improvement to $360,000 17 6612 Iroquois Tr. Lot 4, Block 9 $367,000 home Indian Hills Kenneth /Diane 33- 117 -21 -24 -0062 Brinkman 18 5032 Yvonne Terr. Lot 9 Stow's Yvonne Terrace $159,500 $155,000 Property reviewed 4- 25 =90. Reappraisal indicates No Change no reduction. ASSESSOR'S T 7.1!`AT M00 FCm MVrP vnT CITY OF EDINA BOARD OF REVIEW OWNER'S EST nF MKT VAT, RECOMMENDATION DECISION Don /Sandy 06- 116 -21 -31 -0008 Halla 19 6601 Mohawk Tr Lot 3, Block'6 $355,000 $310- 320,000 Property reviewed. Reappraisal indicates no No Change Indian Hills reduction. W llis /Veronica 06- 116 -21 -13 -0053 20 �nderson 6416 Indian Hills Lot 4, Block 2 $194,800 $185,000 Purchased home July, 1987 for $175,500. Reappraisal No Change Road Indian Hills indicated present EMV is conservative. Magel Rockwell 29- 117 -21 -31 -0007 L -1 5112 Mirror Lakes Lot 4, Block 2 $120,200 - - - - -- Phone conversation with Mrs. Rockwell..... she did No Change Drive Mirror Lakes in not want inspection, Edina Wm T. /Eileen 31- 117 -21 -22 -0003 Jardine L -2 5400 Malibu Drive Lot 1, Block 1 $172,900 Letter presented by Mr. Jardine with ideas for /1/0 Malibu Heights consideration. Leo M. Evans 32- 117 -21 -23 -0003 $160,000 $ 70,000 L -3 2298 Glacier La. 32- 117 -21 -24 -0004 $380,000 150,000 No Change Santa Maria, Ca. 11000 93454 $540,000 11000 $222,000 — Timothy /Deena 07- 028 -24 -42 -0087 Garven S 112. L -4 4240 Lynn Avenue Lot 11, Block 3 $165,100 None stated Reappraisal substantiates 1990 EMV. No Change Crocker & Crowell 1st. ASSESSOR'S r1or" ARVT MITT CITY OF EDINA BOARD OF REVIEW OWNER'S EST r)V MVM 17IIT. fIMlktuulol►INA Y •► L`JV. L -5 IVIU`ll� Of 1wu11J--1J-7 Bryon Armstrong 4119 W. 62nd St. 30- 028 -24 -11 -0043 E 55' Lot 3, Block 2 Peacedale Acres. - -- - --- $ 63,700 Less than previous valuation The onqoinq need for repair has been acknowledged in the present valuation. No Change Kathleen /Richard 19- 028 -24 -14 -0086 Jacobson L -6 4004 Wood End Dr. Lot 4, Block 1, $200,100 $179,000 or Discussed with previous sellinq aqent and owner, Reduction to Wood End lower Agreed to reduce EMV to previous year's value of $185,100 $185,100. House will be back on market this Spring, David Tincher 07- 028 -24 -14 -0011 L -7 4000 Inglewood Av. . Lot 1, Block 1 Morningside Oaks $124,200 $115,000 Property inspected 4- 24 -90, Reappraisal indicated Reduction to Owner's address: reduction to $113,000 $113,000 R.R. 1 Box 206 _ Red Wing, MN 55066 Irving H. /Nan F. 31- 117 -21 -33 -0417 L -8 Posnick 6105 Lincoln Dr. Edina West Condo $194,200 Not stated Reviewed last sale of this subject condo and for sale No Change. Unit #335 & #337 Apt. Ownership #29 3,700 listinq of #112 & #114(combined) for $245,000 Owner's address: 3,700 66 Bristol Dr. $201,600 - -- - Boy-RtG4"e-a- Cedric A. Kirshner 30- 028 -24 -14 -0096 Reviewed sales of this and other similar model condos L -9 6566 France Avenue Point of France Condo $131,800 $100,000 in Point of France. The subject condo sold for $135,000 in Nov /1988. (3) others sold from Nov /1988 No Change Unit #408 Apt. Ownership #79 to flay /1989 ranginq in price from $145,000 - $150,000. Bus. address: 5555 West 78th St. - - -Su-tt - - — Thomas J. Schwartz 32- 028 -24 -22 -0009 $3,478,300 $3,475,000 Reviewed the value by the (3) approaches to value, L -10 Mn Prop Consultants 32- 028 -24 -23 -0003 737,100 the income approach, the depreciated replacement No Change Inc. S' -2 + N-,' $4- MI5 -4TO- cost approach and the market comparable approach. Representinq Lot 2, Block 7 Byerly's Yorktown r.nn ASSESSOR'S T VrrTT nVC0 FCm MVrP 17AT C11Y OF EDINA BOARD OF' RL•'VIEW OWNER'S EST OP MKT VAT. lVV• IVI Y ".. ll _ Edina Office Ctr 31- 028 -24 -44 -0010 Reviewed the (3) approaches to value; the income L -11 7600 France Av. S Lot 1, Block.1 $8,766,400 $6,500,000 approach, the market comparable approach and the Reduction to Edina Office Center depreciated replacement cost approach, $8,383,000 Leon Van Sloan 20- 028 -24 -34 -0122 L -12 6117 York Avenue Lot 2, Block 1 $119,600 $100,800 Letter received Aril 27th., unable to review. No Change Town Realty's Edina Terrace 2nd Edith Mucke 1.8- 028 -24 -12 -0068 L -13 4516 Bruce Avenue Lot 9, Block 4 $208,900 Letter received Anril 30., unable to review, No Change Country Club Dist Fairway Sec. Cedric A. /Norma J 08- 116 -21 -31 -0061 Kirchner L -14 5816 Long Brake Th Lot 11, Block 1 $572,700 Letter received April 30., unable to review, No Change Dewey Hill Second U MEMORANDUM TO: CITY OF EDINA BOARD OF REVIEW FROM: RALPH E. JOHNSON, ASSESSOR, DATE: APRIL 24, 1990 ENCLOSED ARE THE LETTER PRESENTATIONS TO THE BOARD OF REVIEW. NO'S 1 THROUGH 10. so l� c' . `6 . a7- //7- 3/ -0007 It 12- zt _ U ' I L -2 �b WILLIAM T. JARDINE 5400 Malibu Drive Minneapolis, Minnesota 55436 March 20, 1990 Mr. Ralph Johnson City Assessor City of Edina Edina City Hall Edina, Minnesota 55424 Dear Mr. Johnson: I have a suggestion for the City of Edina in regards to property taxes. I realize that the City of Edina needs the revenue from property taxation to help run the city,.but you are not taxing all homes on an equal basis. My suggestion is to announce that you plan to evaluate the estimated market value of all homes in Edina. Hire some temporary home assessors and in a one to three year or maybe five year period get all homes up or down to 80% of their market value. What I believe would happen is that the estimated market value would be raised on the majority of the Edina homes. If this were done the present mill rate used to tax the homes in Edina could be .reduced. Fourteen years ago I started out paying 100% of the assessed value of my home in taxes to Edina and I believe I still do. Why do I suggest 80% of the assessed value of the homes? I suggest this because I think you have plenty of homes to work on at that figure. Some homes are also going down in value so 80% is a figure I think Edina home owners could live with. Sincerely,,-. William T. rdine WTJ:dm A L -3 LEO M. EVANS ATTORNEY AT LAW 2248 GLACIER LANE SANTA MARIA. CALIFORNIA 9345 TELEPHONE April 14, 1989Z (805) 937.2151 City of Edina Local Board of Review 4801 West 50th Street Edina, Minnesota 55424 Ref: 32- 117 -21 -23 -003 32- 117 -21 -24 -0004 Gentlemen: I would like to have you reconsider the valuation placed on my properties by the Assessor. I am enclosing for your information a survey map of the property I own. At the present time the property is involved in litigation to determine the ownership of the area of ground colored in yellow. My recorded title only covers that area of ground noted on the map as the Evans' property. If you will note on the Assessor's parcel map, I am listed as the owner of the entire parcel and, therefore, taxed accordingly. The property,,as it presently exists, is divided into four separate parcels. The Quinn Family claim they have an ownership interest in the area of ground colored in yellow. Their claim to title is based upon the premise that at the time the property was purchased from them they never conveyed title to the area colored in yellow. The present market value of the two yellow strips of land would mainly be determined by what the adjacent property owners are willing to pay for the property. I personally am unwilling to purchase the property because I claim I am entitled to clear title to the property. If the strips of land were appraised independent of the adjacent properties needs, they would have a very limited market value. The properties are very narrow and could not be developed and, therefore, I would place a market value on each parcel at $1,000.00. The pie- shaped parcel next to Vernon Avenue would have limited access, and I would appraise this property at $70,000.00. The large parcel of property would probably accommodate about three building sites. The property has limited street frontage and would be expensive to improve into saleable lots. I would estimate the value of this property at $150,000.00. I am enclosing the listings of two parcels being offered for sale in the Edina area. These properties have all the on -site improvements, they are located on paved roads and are ready for development. My values placed on the properties in question are far less than the market value placed on them by the Assessor, but the Assessor, for tax purposes, has been able to City of Edina unite all parcels into to do for the last sev, Quinns are successful, gives the Assessor the I would appreciate you of these properties. -2- April 14, 1990 one. This is something that I have been trying an years without any success. In the event the you will have to tax the parcels separately. What right to predetermine the Court's decision? keeping these facts in mind in determining the value Your- ruly, eo M. E ans LME:wj Enc1. 1—I STING PRICE. �, /' /!`��,� TAXES: ; �,` YEAR: A I) R E» Z ON I N G DIMENSIONS: FRONT /! RIGHT / ,`' LEFT REAR /��!� / ACRES—,,7/ TOPOGRAPHY: ROAD FRONTAGE: ON SITE UTILITIES/ IMPROVEMENTS TO PROPERTY: . -I MAP COORDINATES: DIRECTIONS TO PROPERTY: LISTING REALTOR COMMENTS: h 7 ,c,!;;r % s ✓ <<' / r Z�'! zz- -VL�rz xt 'L.,-16a C.• c, OTHER:- I LISTING PRICE: 1 74 TAXES: YEAR: ADRESS: ZONING: Xi- etc," DIMENSIONS: FRONT_/ ,171 RIGHT LEFT _/c% REAR ACRES TOPOGRAPHY: ROAD FRONTAGE: 4- ON SITE UTILITIES: IMPROVEMENTS TO PROPERTY: MAP COORDINATES: DIRECTIONS TO PROPERTY., ............... LISTING REALTOR rnum r ter. OTHER: 2"1 ZL I All / ,1 i � I , i I f ' .1 yw t jv? . . o. 61 L-4 �'f�u� 30, i99v TO c,� lug �,t me G;,- ,z�,�, -j- o 7- V13 L -5 BYRON H. ARMSTRONG. M.D. 16 April 1990 SKIN DISEASES ,AAOSOUTHDALE MEDICAL BLDG. MINNEAPOLIS. MINNESOTA 55435 TELEPHONE: 820.4;61 9'Z7-1pp42 Homestead Board of Review City of Edina 4801 W. 50th Street Edina, 1,1n. 55424 To -_Whom it May Concern: f{� 3 a'a It appears that some formula of increasing the assesed valuation of my homestead at 4119 17. 62nd Street in Edina has been applied. For the third time I am in the process of applying for aid in bringing this property up to code by repairing the deferred maintenance made necessary by the fact that I have been disabled since June 1, 1983 and have had no earned income since that date. I am also now past 65 years of age. when all of the estimates are in, once more, it will be apparent that my homestead is now worth less rather than more than the previous evaluation. You might wish to check with Pir. Lavid Velde should you require additional information. Sincerel r —/A4, B 1 ARI,SSTROUG, H. 4119 W• 62nd Street r - - Edina, idn. 5542+ 612/927 -6062 L.g P cr^- -4wZ4 oo a. , 17190, C-4.7' 4k /719&2fD. V U W --� Gtirr�� �'�-�✓ . D u i��UrX -cam 4004 WOOD END D62. MARKETING BY JOAN McDONALD BRAD McDONALD REALTORS 827 -3551 EDINA REALTY 5309 LYNDALE AVE. SO. MPLS. MN. 55419 OP oRiUNITV REALTOR ENTRY CENTER HALL CERAMIC TILE GUEST CLOSET LIVING ROOM PICTURE WINDOW VIEW OF MINNEHAHA CREEK. ATTRACTIVE STONE FIRE- PLACE. SWEDISH STYLE, ENJOY FROM BOTH LIVING AND DINING ROOM. OAK FLOORS- 3 SEASON PORCH HAS HEAT - OUTSIDE ACCESS - OWNER HAS USED YEAR ROUND. DINING ROOM HARDWOOD FLOOR PICTURE WINDOW BUILT -IN CHTNA CABINET AND DRAWERS. DINING ROOM OPENS TO PORCH KITCHEN NEW FLOOR NATURAL WOOD STOVE VENT (DISASSEM- ABLED AND THROUGHLY CLEANED. GREAT CUPBOARD AND COUNTER TOP SPACE. PANTRY CLOSET AMPLE ROOM FOR TABLE AND CHAIRS IN BREAKFAST AREA_ MASTER BEDROOM HARDWOOD FLOOR HALF CERAMIC TILE BATH WALL AIR CONDITIONER MASTER CONTROL FOR THE HOUSE LIGHTS. LARGE CLOSET BEDROOM CUSTOM MADE DISPLAY SHELVES. CLOSET ORGANIZER WALL AIR CONDITIONER MINI BLINDS BEDROOM BUILT -IN SHELVES WAINSCOTTING AND COVING. FULL MAIN BATH WITH CERAMIC TILE, LINEN CLOSET AND VANITY LOWER LEVEL FAMILY ROOM WITH FIREPLACE, KNOTTY PINE WALLS, NEWER BER- BER CARPET AND PICTURE WINDOW WITH CREEK VIEW. 4TH BEDROOM WHICH IS VERY WARM' IN WINTER. WALK OUT TO PATIO AND BAR —B —Q BLOOMBERG BUILT HOME WITH THE UNMISTAKABLE ROUNDED CORNQRS, LASTING STYLE AND FUNC� -'ION. ROOM DIMENSIONS LIVING ROOM 22.3 x 15.1 DINING ROOM 12 x 11.3 KITCHEN 13.10x 11 BREAKFAST AREA 6.10x 8.2 FOYER 12.9 x 5.8 PORCH 13.3 x 9.8 MASTER BEDROOM 15.4 x 12 BEDROOM 11 x 11.1 BEDROOM 11 x 10.3 BEDROOM 11 x 10.3 LOWER LEVEL FAMILY ROOM 21.lx 14.1 Aic% MECHANICS 100 AMP ELECTRIC SERVICE 3 ZONE HOT WATER BASEBOARD HEAT SYSTEM. ROOF 2 YEARS OLD (TEAR OFF) GUTTERS AND DOWNSPOUTS ARE BRAND NEW EXTERIOR JUST PAINTED CHIMNEY JUST TUCKPOINTED AND NEW CAP DOUBLE ATTACHED GARAGE WITH WORK /STORAGE ROOM OFF THE BACK_.AND_TWO_ADDITIONAL____ STORAGE BINS. WATER SOFTNER IS OWNED AND IS 2 YEARS OLD 1989 HOMESTEAD TAX $3,355.26 i Edina Really. REAL ESTATE TRANSFER DISCLOSURE STATEMENT This form approved by the Minnesota Associarwn d REALTORS! Minnesota Association of REALTORSO disclaims any liability arising out of use or misuse d INS form. 1. Date � -- - $`f 2. Page / of -Pages 3. This disclosure tement concerns the real property located in the City of _ 4. County of disclosure X p.r./ , State of Minnesota, described as 5. . This disclosure is not a warranty of any kind by the Seller(s) or any Agent(s) S representing any Party(s) in this transaction, and is not a substitute for any inspections or warranties the Party(s) may wish to obtain. 7. BUYER(S) AND SELLER(S) MAY WISH TO OBTAIN PROFESSIONAL ADVICE AND /OR INSPECTIONS a OF THE PROPERTY AND TO PROVIDE FOR APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN 9. BUYER(S) AND SELLER(S) WITH RESPECT TO ANY ADVICE/INSPECTIONS/DEFECTS. 10. SELLERS INFORMATION: The Seller discloses the following information with the knowledge that even though this is not 11. a warranty, prospective buyers may rely on this information in deciding whether and on what terms to purchase the subject 12. property. The Sellers) authorizes any Agents) representing any party(s) in this transaction to provide a copy of this statement 13. to any person or entity in connection with any actual or anticipated sale of the property. 14. The following are representations made by the Seller(s) to the extent of the Seller(s) actual knowledge. This information 11 is- a- disclosure- and -is -not intended to be part.of any contract between the Buyer and Seller. 16. A. GENERAL INFORMATION: , 17. (1) When did you purchase or t ild the home? �dr 7 18.. (2) Have you lived in this home for the past 12 months? Yes_, No 19: (3) Has there been any flood or other disasters) at the property? Yes_ No 20. If yes. give details of what happened and when: 21. 3 1 22. 23. (4) Has the structure ever been altered? (For example, acIditions, altered roof lines, changes to loo bearing walls.) 24. Yes No If yes, please specify what was done, when and by whom (owner or contractor): 25. 26. 27. (5) Is the property suitable for year round use? Yes No 2e, B. STRUCTURAL SYSTEMS: Do any of the following conditions currently exist or have they previously existed? 29. (Give details to any question answered "yes ".) 30. (1) THE BASEMENT x 31. (a) Foundation problem Yes No (e) Drain tiling problem Yes No 32. (b) Flooding Yes I( da, mt.a / No (9 Cracked floonilwalls Yes No 33. (c) Wet Walls Yes No (g) Sewer backup Yes No X 34. (a) Leakagelseepage Yes No �- (h) Other Yes No 35. Give details to any question answered "yes': 36. 37. 38. (2) THE ROOF? (Give details to any question an red "yes ".) sw 39. (a) What is the age of the roofing material? Comments: ICA a Le S/ /A q -d09 40. (b) Has there ever been interior damage from ice buildup? Yes No 41. (c) Has there ever been any leakage or other problems? X _Yes No 42.. (d) Have there ever been any repairs or replace Tent ade to the too ,JYes No 43. Give details to any question answered "yes': �� 141:rrcine - ✓te ,ham c cc� 44. (1)� m> i,.J u ari Pr�n.��,�- Cyr i� 45 4a C. SPECIAL COMMENTS ON HEATING, PWMBING, ELECTRICAL AND MECHANICAL SYSTEMS: 47 The following are in working order and shall be at time of closing unless otherwise stated in comments below. All items listed 48. below are not necessarily part of this sale. 'Fireplace Equipment 49. YES NO YES NO YES NO 50. Range Intercom Central Heating System 51. Oven Garage Door Openers = = = _ Central Air Conditioning 52. Hood and all controls Wall Air Condiboner(s) - 53. Refrigerator _ Ventilating FanslFudures - Furnace Humidifier 54• Microwave Oven Security System Electronic Air Purifier 55. - Dishwasher _ Smoke Detectors T - Supplemental Heater - - 56. Freezer - _ Central Vacuum Solar Collectors 57 Washer - - Door Bells _ 'Fireplace Equipment - 59. Dryer - _ Window Treatments �( Fireplace ardor Inserts - 59. 60. Trasn Compactor T Water Heater T [ WOOdburrling Stove - - - Garbage Disposal. %T Sump Pump - - Incinerator - 61. Plumbing Systems Drain Tiling Water Softener X 62. Tode1 Mechanisms Private Saw Sysmm - - Sprinkler System - 63, PrivalB Well Attached Antenna and - 64. Cables v V - Electncal Systems 6& Pool and Equpment - - Omer - REAL ESTATE TRANSFER DISCLOSURE STATEMENT 66. AddressjFi:0 E lLkx? n F.,h hp „1s 67. Page 2 68. Unused Well: Is there a well on the property which is no longer in use? ❑Yes 41No 69. If yes, has it been sealed according to State Regulations MSA 156A? ❑Yes 00 70. Comments: 71. Contaminated Well: Is there a well on the property containing contaminated water? Yes_ No 7X - 72. Date well water last tested for contaminants: Comments: 73. D. LAND USE AND PROPERTY CONDITION: 74. Are you aware of any of the following existing: 75. Encroachments? Yes_ No "k Soil problems? Yes_._ Nox- 76. Diseased Trees? Yes_ NoX Rodent Infestation? Yes_ N �K, Insect Infestation? Yes_ No-X 77. Restrictions or Reservations on the use of the property? Yes No �( 78. Easements other than utility or drainage easements which do not interfere with present impamments? Yes Nor ` 79. Is the property located in a designated flood plain? Yes No �- 80. Comments: 81. 82 83.E. INSULATION DISCLOSURE: ° 84. Does the insulation in the property contain urea formaldehyde bam? Yes No X Unknown 85. Date insulation installed: Type: Company: 86. Comments: - . 87. F. 88. 89. 90. 91. 92. Are there any other known defects in or on the property? Yes No X _ If yes, explain below: 93 G. SELLER'S STATEMENT (To be si ned at time of fisting) _ 94. Well, owner(s) of the property at //V 4 n rrgfl 95. acknowledge the above Real Estate Transfer Disclosure Statement and give permission to Listing Broker to disclose 96. this i formation to the pj&Vective buyers. 97. - ,D.. (DW 98. H. BUYER'S ACKNOWLEDGEMENT: (To be signed at time of purchase agreement) 99. Well, the Buyer(s) of the property at 100. do acknowledge receipt of the Real Estate Transfer Disclosure Statement and agree that no representations 101. regarding the condition of the property have been made, other than those made above. LISTING BROKER AND 102. AGENTS MAKE NO REPRESENTATIONS AND ARE NOT RESPONSIBLE FOR ANY CONDITIONS EXISTING IN 103 THE PROPERTY. 104. 105.1. SELLER'S ACKNOWLEDGEMENT: (To be signed at time of purchase agreement) 106. AS OF THE DATE OF THE ACCEPTANCE OF THE PURCHASE AGREEMENT, Well, the Seller(s) of the above 107. property, agree that the condition of the property is the same as noted above and will be in proper working order 108. on date of closing, except for the changes indicated above and dated: 109. 110. MN:RETDS (5188) ORIGINAL COPY TO LISTING BROKER; COPIES TO SELLER, BUYER, SEWNG BROKER. D ER 1262 (&86) L -7 A� 20 April 1990 City Assessor 4801 West `Ot >- 'treet Edina, MN 55424 r c,ir: T' am writing tc contest the p-cpcsed increase i n •al ue• -f trc home T own at 400'-- T nc l ewcc- ver pus SCutr, , C v l na i - � 2 �- 1 �- _ _ . ' . . You are planning tc i r:.rease : t:. r: arF:et va 1 us f. -;m ? ' tc $124 I paid $105,000 for this home in July 1986 and have.^Dted almost no appreciation for that area of Edina. My home i s one cf the sm,a1 lest hc,es or, the st ree- . _ _ �- _ .. on=- car gc:rage and ro basement. Square footage 1600. 41 home tv:c jccr= cf mire or; Tnglewcod Just sold after- tt n; cn the mark.-St _ _ That home is mu&. larger than -�- ne an ha : .x tv:c _. ... mc.rths ?arage -cr 1$121 ,r100. assert ,.hat my home s we rtn $'. �- , ' : ` . M; home `.. sma = r ar. -ar i with more than one cr .lj. The need t_ :r: �eos ark - r ~ ar =_. r- :.aIIes i+ ,:ndesirable tc- elde~ - p,er =,..` T'_. s_ t-t -1 ; e a � b�:te_ _ �:� th; -Iem -For �...-�rd ��r a hor-e such as mire. There has been ap,, r•c i ati on n the ea _ eac .-, -: f the last several years. A. s -:,:; l ar demand IF. r ! ,omec arsa cf Ed i r. a does not exist. If ,•cu are t ying tc apply that same g r c icm ,,ricers c all of Edina, you are wrong. When you raised the value cf r -y home frc.-n 1J5,6 t =,; -_• 19x6, T was. surprised. Wh a t you are t. do nc,, is ra oste. .:s. I w i i � accept _p mar�;et value ro nigher - nar, Ca,. i d v/. T i nche r RR , Box 206 Red Wing, MN 55066 L -8 REAL PROPERTY' ASSESSMENT yALUATIO CITY.ASSE� CITY OF EDINA N NOTICE OR 4001 VEST BOTH ST EDINA MN 55424 TELEPHONE; 612 927 -8861 31- 117 -21 -33 -0417 IRVINC H P08NICK NAN 6105 F POSMICK EDIN A LINCOLN DR IN . I MN 55436 PROPERTY I.D. 31- 117 -21 -33 -0417 1990 MARKET VALUE CLASSIFICATION 48 UNIT 335 PROPERTY TYPE RESIDENTIAL 194,200 IF YOU HAVE KNOWLEDGE THAT T NON- IOMESTEAD ACTUAL MARKET VALUE, THIS CLA88IFICATION OR VALUE OFFICE. THE 204MD OF IS INCORRECT, PLEASE CONTACT THE DECISION MAY REVIEW � RELATIVE TO BE 'APPEALED TO WILL MEET AT S:00 PM A88ESITS THE COUNTY BOARD OF APRIL 23. ITS EOUALI2ATION JUNE 18 BOARDS OF EQUALIZATION�� YOU MAY APPEAL DETERMINATIONS OF THE LOCAL BOARD OF EQUALIZATION TO THE COUNTY BOARD OF EQUALIZATION. YOU MAY NOT APPEAR DIRECTLY AT A HIGHER BOARD OF EQUAL- IZATION WITHOUT FIRST APPEARING AT THE PRECEDING BOARD. STATE TAX COURT PERSONS DESIR!NG TO APPEAL THEIR VALUATIONS MAY ALSO APPLY TO THE TAX COURT. HOMESTEAD PROPERTIES OR PROPE-;;TIES WITH TAXES UNDER $2,500 CAN BE HEARD BY THE SMALL CLAIMS DIVISION OF THE COU T '- PREIVIOUSL Y CONSIDERED BY LOCAL AND COUNTY BOARDS OF EQUALIZATION FOR FURTHER INFORMATION ON THIS TAX COURT YOU MAY CONTACT THE TAX COURT OFFICE - 444 LAFA, =TTE ROAD, ST. PAUL. MN. 55101, TELEPHONE - 296-28C6. f r G L-9 / v3 lqo L JANUARY 2, t•990 REAL PROPERTY ASSESSMENT VALUATION NOTICE CITY OF EDINA Po,Nr of F"R /owcc CITY ASSESSOR • Ho 8' 4601 WEST 50TH ST PROPERTY I.D. EDINA MN 53424 30- 028 -84 -14 -0046 TELEPHONE: 612 927 -8861 30- 028 -24 -14 -0046 199l�lfARKST VALUE 131,4100 CLASSIFICATION 48 CEDRIC A KIRCHNER 5555 W 78TH ST . SUITE C EDINA, MN 55435. PROPERTY:-. -TYPE NOt ., IF YOU HAVE KNOWLEDGE THAT THIS CLASSIFICATION OR VALUE, RELATIVE TO ACTUAL MARKET VALUE, IS INCORRECT, PLEASE CONTACT THE ASSESSOR'S OFFICE. THE BOARD OF REVIEW WILL MEET AT 5:00 PM APRIL 23. ITS DECISION MAY BE APPEALED TO THE COUNTY BOARD OF EQUALIZATION JUNE 18. c �"� ��� TyG" G `7'0 �r s o o ';(k G so 7 s.�/ 4g- //0(. C. i 3 o0o Ap�i,L 19, 1990 /sa G 00 �4yS- ,00v /So oo. 9 LO P iVtinnesota Property Consultants, Inc. CProperty Tax Reduction April 23, 1990 City of Edina Board of Review Care of Assessor's Office 4801 W. 50th St. Edina, MN 55424 ATTN: Mr. Moreau Sankey Dear Mr. Sankey: We have been retained by the taxpayer for PIN 32- 028 -24 -22 -0009 and 32- 028 -24 -23 -0003, commonly known as 7171 France Ave. South, Edina to represent them in a property tax assessment appeal. Please consider this as our notice of appeal to the Board of Review for the 1990 Assessment Values. We are requesting that the 1990 assessed valuation be reduced from $4,092,700 to $3,475,000 (both parcels combined). We have already had discussions concerning this property and have agreed to discuss it further the week of 4/23/90. Sincerely, Thomas J. Schwa z 7333 ANN COURT • EDEN PRAIRIE, MN 55346 • (612) 942 -5335 L- i d ADD F Al o u.r. rP c Minnesota Property Consultants, Inc. Property Tax Reduction April 27, 1990 City of Edina Board of Review c/o Assessor's Office 4801 W. 50th St. Edina, MN 55424 ATTN: Mr. Moreau Sankey Dear Mr. Sankey: Thank you for the time spent with me discussing the Byerly's property. After further review of cost and income approaches to value, and incorporation of the new sales information you provided, we have revised our market value determination for the property upward to $3,845,000 (for both parcels - PIN 32- 028 -24 -22 -0009 and 32- 028 -24 -23 -0003 combined). Therefore, we are requesting that the 1990 assessed valuation be reduced from $4,092,700 to $3,845,000 (both parcels combined). Enclosed you will find our updated analysis. I have requested, but not yet received, copies of the lease agreements for the property. I will forward these to your attention as soon as I receive them. Thank you for all of your assistance and attention to this matter. Sincerely yours, T omas Schwa tz 7333 ANN COURT • EDEN PRAIRIE, MN .55346 • (612) 942 -5335 SUMMARY OF SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal: Ownership: Location of Property: Taxpayer & Lessee: Date of Valuation: Type of Property: Land Area: Building Size: Present Use: Highest and Best Use: Site Value: Value Indications by: Market Approach Cost Approach Income Approach Market Value Minnesota Market Ltd., A Liability Company 666 Third Ave., New York, NY. 10017 32- 028 -24 -22 -0009 and 32- 028 -24 -23 -0003 Byerly's Inc., 7171 France Ave. South, Edina, MN January 1, 1990 Commercial 9.67 Acres 63,944 square feet GBA Grocery Store /Restaurant with Office Mezzanine Present $ 2,948,442 Market Value Conclusion: January 2, 1990 $ 3,461,000 $ 3,845,000 $ 3,780,000 $ 3,845,000 Income Analysis This property sold for $2,675,000.00 in November, 1988. The property was and is subject to a long term lease which is below market rent. Therefore, we have substituted market rent for actual rental income in order to calculate the property value based on the income approach. Actual Rental Income Rent Override 1987 $ 234,188 $ 33,101 1988 $ 229,769 $ 36,794 1989 $ 229,769 $ 39,514 Income & Expense Proiection Market Rent = $7.25 /square foot GBA x 63,944 GBA = Projected Maximum Rental Income = Say Less 10% Vacancy (Normal and Customary) Gross Rental Income Less 5% Management Reserve and Other Expenses Net Income = Capitalization of Income Net Income Overall Rate (By Survey of Market) $ 396,720/.105 = $ 3,778,285 Say $ 3,780,000 Value Indicated by Income Approach Total $ 267,289 $ 266,563 $ 269,283 $ 463,594 464,000 (46,400) $ 417,600 (20,880) $ 396,720 $ 396,720 10.5% Replacement Cost Analysis Land 421,206 square feet of land area x $7.00 psf = $ 2,948,442 Estimated Value of Land Improvements Building 63,944 sf area x $54.00 psf = say $ 3,460,00 Estimated Replacement Cost of Improvements Estimated Total Current Replacement Cost New and Before Depreciation Indicated Market Depreciation of the Improvements (less) Replacement Cost, Less Depreciation, Value $ 3,466,200 Say Say $3,845,000 Value Indicated by Cost Approach $ 2,948,442 3,460,000 $ 6,4081442 (2,563,377) $ 3,845,065 :L -13 2 � 4' 4516 Bruce Avenue Edina, Minnesota 30 April 1990 To: The City Board of Review City of Edina From: Edith E. Mucke Re: Evaluation of property at 4516 Bruce Avenue The sudden death of my husband on 15 February accounts for neither his nor my appearance before the assessor`s office before the first of April. as suggested on the personal property tax statement. I am sorry about this. Because the property at 4518 Bruce and our taxes were the same for a number of years, I am surprised and disturbed at the amount of difference in this year's taxes, (Taxes on 4514 are much less than ours.) Despite my attachment to this city and especially Bruce Avenue, I call attention to our house not having a finished recreation room, having only one bath room in the whole house, no built in dish- washer, no garbage disposal, no porch. I will very much appreciate your approval for my appeal to the County Board of Equalization. Thank you for your attention. .,- 0 — – — ci st IDENTIAL PROPERYV RECORD AND APPRAISAL CARD REET ADDRESS 4516 Bruce Avenue ASSESSMENT DIST. SCHOOL DIST. NO. LOT 9 BLOCK 1+ ADD. COUNTRY CLUB DISTRICT FAIRWAY SECTION i PLAT No. 74830- PAR EL NO. I 1 ba , BUILDING PERMIT RECORD Date Number Amount Z,4 Purpose J Yw AJle- _ _SSESSENT__S U MMARY M_ URBAN LOT RECORD r`..ngc, to be entered on Parcels covered by same homestead. List parcel numbers., TOPOGRAPHY 11IMPROVEMENTS STREETS Level VALUE .1 110ME- �fUll Sidewalks `- YEAR Asphalt MARKEE TOTAL VALUE OF MARKET I' OR Corner Lot Inside Lot General Dr Other: LAND VALUE COMPUTATIONS Frontage Average I Unit I Unit Front. Ft. Figured Depth Price Percent Price Top. Intl. Total Sn IL' q 1 1001 70 1 70 t" I I --�Q Date I Consideration I Kind of Inst. I Remarks Contract for Deed held by: 1( / Az- OR y lot 3 a-2f3? 1011 oy 170 2- S ' (-X) 22 )9�5 .2A 5a) ,//57W1/4! ✓ X 7 1) 11 ?0c �), C4�oG- Z7 8c(3 J Yw AJle- _ _SSESSENT__S U MMARY M_ - Valuation r`..ngc, to be entered on __A nc■t lint hid,rete year and ouHior,ty — A„ppcssor. Final Equalized. Abatement, tee. VALUE .1 110ME- �fUll ASSESSED VALUES YEAR MARKET II VALUE OF !, I MARKEE TOTAL VALUE OF MARKET I' ;; VALUE "TOTAL II FULL VALUE iI OF ;I OF LAND II OF LAND iI AND I STEAD HOMESTEAD -� REMAINDER LANG II STRUCTURES I; VALUE II ':STRUCTURES '� II STRUCTURES Y., No 25 °a %t q0o• o j TOT/ f lot 3 a-2f3? 1011 oy 170 2- S ' (-X) 22 )9�5 .2A 5a) ,//57W1/4! ✓ X 7 1) 11 ?0c �), in BALLHIIIA UALL4M W 79H MIRIMI 0 E=k IN 0435-M WAM 0 fAX OM 0545D Ap%U 20., 1990 #wmepin Cowtty TAmau" t. /I►MViJt COUAi# _CIOVe"Went CWieA MV 55472-0101 Dean Sir.: The ma4hei- value id much tev high, on pvw peat y idenii4ication No. o8-116-21 31 0061, 5816 Long &ulke 74aiJ., 64na, N 55435• 0 ENTERPRISES, INC. CORPORATE OFFICE: SUITE C • 5555 W. 78TH STREET • EDINA, MN 55439-2705 (612) 829-7444 • FAX (612) 829-7458 - A� k /qg0 #&mepin--Cowtty,TA&w"eA Rmiepin Co veawtent CmieA /Mwv 101 ')IEPT- OF PROPEFTNz 10A). A,%-i 0 F PUSLKA Wooptio A607 #I.oVvpo -r, KNINEAL�GL IS, j4p 4 —A& 1 - 1 1 11 1 - , 1 - 1 r S19INTIAL PROPERTY Rjx."D AND APPRAISAL, CARD STAB" #ppRESS • 5816 Long Brake Trail ASSESSMINT DIST, SCHOOL DIST. NO. 16-1 LOT. BLOCK 1 ADp,: DEWEY HILL SECOND PLAT PARCEL'NO. :..`' 34:3-79 at u 7901.193 30-20-0? Abe BUILDING PERMIT RECORD Date MUM of Amount Purpose RBAN LOT RECORD Parcels covered by same homestead. List parcel numbers. Tor"NAPIlly 'I IMPROVEMENTS STREETS 1 Sidetrolks i Curb Gutter if afar VG Son Cory Let Stem ewer .P Nat'l Gas L T ZONING OR USE Reffidential Commercial • 1 I Dbl. lung. Industrial Multi- Family. hef01 foVty.: Fair Poor ' LAN D VALUE COMPUTATIONS ASSESSMENT SUMMARY FraRlptll Am* M Unit Price Unit Front. Percent Ft. Price Top. Intl. Total Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final _ Equalized, Abatement, etc. YEAR MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES TOTAL MARKET VALUE FULL VALUE OF LAND FULL VALUE OF STRUCTURES TOTAL VALUE OF LAND AND STRUCTURES HOME - STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER C> 40% TOTAL 1400 0T) AS00 ✓ f MATI 605idgr000n Kind of Inst. N Remarks v' 00 a i. D C)kl 9 lid a 37 9190 a c >td Bold by: 1 00 , + A 13YSO W 7 v0 s-oo 6506-0 oa 5V no , WO 157;10D C. , .. _ l� 3 ADDRESS 4610 Browndale Ave. (Edgebrook & Browndale) 4612 Edgebrook Place 4614 Edgebrook Place 4618 Edgebrook Place 4622 Edgebrook Place 4626 Edgebrook Place 4630 Edgebrook Place 4634 Edgebrook Place 4638 Edgebrook Place 4640 Edgebrook Place 'not a 1 story house; bedrooms are located upstairs HOMES LOCATED ON EDGEBROOK PLACE LOT SIZE MARKET VALUE- MARKET VALUE- TOTAL #STORIES MAIN FLOOR TOTAL M.V. ST r-Llc.( (PER ASSESSOR'S CARD) LAND STRUCTURE MARKET VALUE (PER ASSESS. CARD) X S.F. = S.F. TOTAL S.F. 10,635 Sq. Ft. $133,100 $447,400 $580,500 24 2,159 41858 $92.10 12,200 140,000 435,300 575,300 21. 1,924 4,885 89.11 75 (Bay) 9,890 130,000 275,200 .405,200 11 2,322 3,483 79.01 89250 130,000 675,000 805,000 2 3/4 1,836 5,D49 133.69 10,740 1309000 275,200 405,200 1 * 19823 19823 150.96 10,455 133,100 420,100 553,200 2 1,548 3,096 135.69 9,840 148,300 466,700 615,000 2 1,751 3,502 133.27 9,035 121,600 201,400 323,000 2 1,084 2,168 92.90 9,995 121,500 261,400 382,900 1 20287 2,287 114.30 'not a 1 story house; bedrooms are located upstairs • 1 : - ADDRESS 4 Antrim Terrace (built 1987) 7119 Antrim Court (built 1983) 5739 Long Brake Circle 5123 Lake Ridge Road 7028 Down Road (built 1989) 7123 Antrim Court (built 1982) 6708 Cheyenne Trail (remodel 1989) 4622 Edgebrook Place (remodel 1989) 7012 Dublin Road (built 1988) 5021 Interlachen Bluff (built 1989) HOUSES IN EDINA WITH ASSESSED MARKET VALUES BETWEEN $750,000 - 850,000 LOT SIZE MARKET VALUE- MARKET VALUE- TOTAL #/STORIES MAIN FLOOR TOTAL M.V. STR MC- -I (PER ASSESSOR's CARD) LAND STRUCTURE MARKET VALUE (PER ASSESS. CARD) X S.F. = S.F. TOTAL S.F. not available $104,700 $650,600 $755,300 2 3,228 6,456 $100.77 Irr. 44X169X187X 143,600 612,300 755,900 2 3,650 7,300 83.88 91X214 not available 1589000 6019200 759,200 2 3,616 7,232 83.13 1.65 acres ? 195,000 568,400 763,400 2 4,908 9,816 57.91 (per card) Irr. 270X392XI63X 64,800 711,500 776,300 2 2,537 5,074 140.22 290 Irr 103X214X174X 143,600 636,900 780,500 11 3,378 5,067 125.70 234 161 X 244 1419600 659,200 800,800 2+ -- 5,111 128.98 75 X 178 130,000 675,000 805,000 2 3/4 11836 5,049 133.69 not available 108,900 718,500 827,400 2 -- 40237 169.58 Irr 128X181X130X 180,000 654,100 8349100 2 -- 5,172 126.47 174