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Home My WebLink About1992-04-27_BOARD OF REVIEWHC 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 in said County for the year 1992 , do hereby certify that on the 15th day of April , 1992 , in conformity with requirements of law, I posted notices in each of three of the most public places in said City 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 Hennepin in the in in p County, Minnesota, will meetarthe office -of-ths Council Chambers - ��rg�----------- - - - - -, at 5:00 o'clock P M., on Monday , the 27th day of April , 19 9 2 , for the purpose of reviewing and correcting the assessment of said City for the year 19 92 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 15th day of April 19 92 Marcella M. Daehn Clerk of the City of Edina Given under my hand this 15th day of April 1992 Marcella M. Daehn State of Minnesota, COUNTY OF HENNEPIN SS. CITY of EDINA , Clerk We, the undersigned, Board of Review of the City of Edina Council Chambers, Edina City Hall in said County, do hereby certify that we, and each of us, attended at the ald��aFTfi� 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 18th 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: To Be Signed By County Assessor To Auditor of the County of State of Minnesota County of ASSESSOR'S RETURN OATH 9S. , Minnesota. 1, 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 precedingyear's assessment was given official notice of the amount of such increases. I funher certify that all such notices were sent through the course of ordinary mail not less than ten days prior to on which Moldh Day Y— the of Board of Review duly convened or on ten days prior to the official adjournment thereof. .NoefA Day Y., Date Signature: .4 9 Form Q14 Pouches, MlnaeapolLs State of Minnesota, County of HENNEPIN !� CITY a FQiN J1 We, the undersigned, Board of Review—* Equalization —of the City of Rdina in said County, do hereby certify that we, and each of us, attended at the office of (sulks oee cvs) Council Chambera, City Bali Clerk on this 27th day of Anril 19 2 ,the day set forth in the notice given by the Clerlc, and in accordance with the provisions of Minnesota State Section 274.01, we made changes in the 19— assessments as entered in the following forms. Witness our hands thin 18th day oY May 19 92. S Chair '3 •Applies only to Cities whose Charters provide for a Board of Equalisation instead of a Board of Review. Changes made by Local Board of Review— Enter "Yes" or "No" for each Description. Identify Parcel on which Residence is Iocated with Letter "H ". Indicate if Mid -Year or Fractional Homestead. — **Indicate type of Property: R- Residential, C- Commercial, 1- Industrial, U- Utility, F - Farm, T - Timber Homestead: 2a, la, or lb, SRR - Seasonal Recreational Residential, SRC - Seasonal Recreational Commercial, FH - Notional Housing, *O Other, Specify: Mineral -50 %; Parking Ramps -36 %. - I �• Lyaa o! Prepay P Estimated Muket Value of Real Property u ehmged or Added Pucel I See. Twp. Number o1 A of A— of Fay Va dome- send pupae of ! . b Estimated D �ne Estimated Eblvlcet Valoe lend II of P Belldb,gs I Total Estimated NAME OF OWNER Deu. DESCRIPTION o: I m R^ge- Deeded L.ad ye, 1 ' �� er Market Value Market Valaa of omleted Sclmlve stroeeaes a sad Other Mechlaey Market Valps No. j Lel Bbd, 'Acres I110s I m �- Property Immmemrnu Stroetures No Dollars Douan Dollar. I Do11n I DoR.r. Y DoB.ra Donna , t BRENT C, /JOYCE C. FOSSEY 06- 116 -21 -23 -0020 I i NO R I 2500 50800 116 700 1671500 RITA RUZIC ; 06- 116 -21 -33 -0040 YES R 2.500 34. 161 000 1951000 JOHN E. FAGE95TROM 06- 116 -21 -33 -0042 ! NO DB I 22000 34000 136 000 ° I 1701000 JOHN E. FAGERSTROM ! 06- 116 -21 -33 -0043 NO DB 20700 34000 146.000 180;000 JOHN E. FAGERSTROM 07- 116 -21 -22 -0023 I i ; NO DB 22.000 34000 1361000 i 1701000 JOHN E. FAGERSTROM 07- 116 -21 -22 -0029 I ' NC DB ! 29500 a % 34000 146 000 ! 1801000 V. WILLIAM MELIN /KENNETH A, YOUNGBERG 08- 116 -21 -11 -0024 ! NC CC 340500 t t 168500 455:500 F 624'000 JAMES & K. HAWKS /ERIC & M, OWEN 08- 116 -21 -41 -0001, NG II 57500 I 330000 470 000 1 G 800 000 GORDON LEWIS 28- 117 -21 -34 -0019 NC II 66000 .255700 59;200 3141900 GENE & DONNA L. DEPESA 30- 117 -21 -31 -0007 NC R 42400 140000 270,000 I 410 000 RICHARD A. & DOROTHY J. BJORK 130- 117- 21- 43 -0059 YES R 26500 92,800 252,200 345000 KENNETH A. & DOROTHY P. GERE X31- 117 -21 -41 -0067 I NO RZ 3300 18,000 117'.000. 1351000 KENNETH A. & DOROTHY P. GERE 131- 117 -21 -41 -0068 NO RZ 7500 22000 a 113.000 135!000 JOSEPH P. KAVANAUGH 18- 028 -24 -24 -0047 YES R ' L31306 0800 I 114300 281,508 3951080 DR. ALLEN K. LARSON /DR. J. M. LAYER 18- 028- 24- 41 -C182 NO CC 239800 2510 200 I 2750 000 HERMAN HUFFER ! 19- 028 -24 -22 -0036 YES R I 5000 1 1 160000 i 155 000 ' 315'000 Note: Where omitted real property is added indlesite value of laad, bm7dirsp end mnchlvery sepgrgtely. i 'Co liaised on orst page) I i I Changes made by Local Board of Review — •Enter "Yes" or "No" for each Description. Identify Parcel on which Residence is Located with Letter "H ". Indicate if Mid -Year c Homestead: 2a, la, or lb, SRR - Seasonal Recreational Residential, SRC - Seasonal Recreational Commercial, FH - National Housir P-1 Sx !Tarp. Yum NAME OF OWNER De,,.. DESCRIMON m a iBnae.beed °e No.Wt Block I iACG BERT G. & MARY S. DELgNEY 19028 -2424 4096 , CHARD F. & SALLY J. ZIELIKE 20- 028 - 24.34 +0022 I i WERT & BECK 29- 028 -24- 330018 ,BBERT & BECK 29 -028- 24.33 -0019 VENTY -THREE HUNDRED A350C, I 31- 028 -24- 140020 I i I I I I I i I I t i i I i I 1 I i .,..... Itn.- .. .r.- �1�,..1 ."..1 ...n......, ...1.1..,1 1,. 1:.... ..., .( 1 .1 1..:11:... —4 , ... ....1..1 .. r Fractional Homestead. — ••Indicate type of Property: R - Residential, C - Commercial, 1- Industrial, U - Utility, F - Farm, T - Timber g, *O Other, Specify: Mineral -50%; Parking Ramps -36 %. Numbe Acs of Farm Ion- lath -. o to eaha of Roma- WP- I.mA d C1_ of hap" Fatim m� D__ s Milk. in Vdas EMnidod M.ket Vdua of Red Property G Changed m Addad ted land Tohl ` I [and �� Pi! � Y. Z Fu ted Fattmatod MarkN Market of Apicutmral AB other Valoe Vdne P Esehuh of Buadiop P Nmeted 0-' d sura rG d 7 r Muket h. Ma�� Vdae � t001 No F yowl `' i� ®enb � SI 01 I Do11n UoBpa IA 1900 m. Ib11— Pollan Doane DOIWI 49 600 1411 900 1911500 NO R 7 I YES R 3.000 30 ,900 - 74; 300 , 105,200 NO C C f ! ... , 11891;500 8141 X300 :2085 700 i; 29000 000 f NO C 980200 '2207'000 599 000 " 8200 000 NO 1 CC I 151 800 7191000 1450 7311 000 k i 000 I I 14 I I N 1 I !• i r.,.dinv•d n., nrd nnrrl MINUTES OF THE MEETING OF THE EDINA BOARD OF REVIEV HELD MONDAY, APRIL 27, 1992 AT 5:00 P.M., EDINA CITY HALL Answering rollcall were Members Kelly, Paulus, Rice, Smith and Richards. The meeting was convened pursuant to published Notice of Board of Review in the Edina Sun - Current and notices posted on City bulletin boards for the purpose of hearing those persons who considered themselves aggrieved by their property valuation for assessment purposes, or who were requesting homestead classification. Mayor Richards stated that no decision would be made at this meeting, but that property owners would be notified of the Board's decision within 20 days. Further appeal may be made to the Hennepin County Board of Review beginning June 15, 1992. The following property owners appeared personally before the Board, or were represented, to object to the Assessor's estimated market value as of January 2, 1992: Assessor's Owner's Est Name/Address PIN Number Est Mkt Val of Mkt Val Theodore /Phyllis Gianos 19- 028 -24 -22 -0015 $ 270,000 $ 220,000 4704 Lakeview Dr Daniel 0. Evans 18- 028 -24 -21 -0025 295,000 7 -24% lower 4404 Sunnyside Rd Grace C. Isensee 19- 028 -24 -22 -0024 248,400 219,500 4617 Golf Ter Wm. J. Zeimetz 30- 028 -24 -21 -0064 126,700 For sale 6301 St. Johns Av at 133,000 Vincent Quimbo 18- 028 -24 -24 -0055 346,0.00 None stated 4621 Browndale Av Richard /Sally Zielike 20- 028 -24 -34 -0022 108,200 103/105,000 6109 Beard Av Allen K. Larson /James M. Layer 18- 028 -24 -41 -0182 2,983,300 2,600,000 3939 W. 50th St Eric /Mary Lou Owen & James /K. Hawks 08- 116 -21 -41 -0001 857,500 750/800,000 16406 111th Av Sun City, AZ 85351 Re: 7385 Bush Lake Rd John E. /Mary T. Houlihan 08- 116 -21 -34 -0095 441,000 360/365,000 7719 Marth Ct Robert S. /Margaret Hanson 29- 117 -21 -11 -0022 279,000 242,000 29 Circle West Robert L. Roster 19- 028 -24 -43 -0060 80,800 None stated 4416 Valley View Rd 19- 028 -24 -43 -0061 22,500 None stated Steve Pollmann 33- 117 -21 -32 -0077 110,000 102,900 5917 Hansen Rd Herman /Cornelia Huffer 19- 028 -24 -22 -0036 320,000 300,200 4910 Lakeview Dr Ridgeway Baker 19- 028 -24 -22 -0008 299,000 276,000 4710 Golf Ter The owners of the following properties submitted letters objecting to their market values and requested the Board's review: Assessor's Owner's Est Name /Address PIN Number Est Mkt Val of Mkt Val Gordon Lewis 28- 117 -21 -34 -0019 480,900 800,000 Re: 5229 Eden Av 28- 117 -21 -34 -0022 119,700 all parcels 28- 117 -21 -34 -0026 444,800 None stated 28- 117 -21 -34 -0031 95,600 None stated Byron H. Armstrong 30- 028 -24 -11 -0043 66,200 None stated 4119 W. 62nd St Richard Bjork 30- 117 -21 -43 -0059 371,500 330,000 5301 Larada In Brent C. /Joyce C. Fossey 06- 116 -21 -23 -0020 170,000 156,000 6809 Indian Hills Rd The owners of the following properties submitted letters objecting to their market values and requested the Board's review: Assessor's Owner's Est Name /Address PIN. Number Est Mkt Val of Mkt Val Fagerstrom Construction 06- 116 -21 -33 -0042 192,000 None stated 6724 Sioux Tr 06- 116 -21 -33 -0043 200,700 None stated 07- 116 -21 -22 -0028 192,000 None stated 07- 116 -21 -22 -0029 209,500 None stated V. Wm. Melin /Kenneth Youngberg 08- 116 -21 -11 -0024 964,500 624,000 P.O. Box 23051 Richfield MN 55423 Re: 7001 Cahill Rd Mark F. /Hedwig M. Holmberg 30- 117 -21 -42 -0007 325,000 None .stated 5108 Ridge Rd Kenneth A. Gere 31- 117 -21 -41 -0067 138,300 None stated 5900 Schaefer Rd 31- 117 -21 -41 -0068 142,500 None stated Corilus /Rebecca Weber 18- 028 =24 -12 -0173 290,300 247,500 4603 Arden Av Rash & Associates 18- 028 -24 -32 -0023 1,168,800 None stated P.O. Box 100 Howlett, TX 75088 Re: 4917 Eden Av (Perkins Restaurant) Wm. R. Skalland 18- 028 -24 -43 -0060 185,400 156,100 5324 Oaklawn Av Olive L. Harris 19- 028 -24 -12 -0076 162,500 None stated 5504 Kellogg Av Mary Jo Kingston, James S. Guerrero 19- 028 -24 -13 -0018 435,000 420,000 15 Woodland Rd Kimball Cunnings 19- 028 -24 -14 -0052 272,100 250/255,000 5601 Park P1 Fred E. /Barbara Myers 19- 028 -24 -22 -0009 265,000 214,100 4708 Golf Ter Total Petroleum, Inc. 20- 028 -24 -22 -0045 254,700 None stated Denver Place N Tower 999 18th St, S 2201 Denver, CO 80202 Re: 5401 France Av Warren Beck (Galleria) 29- 028 -24 -33 -0018 40,891,500 None stated Gabbert & Beck (Gabberts) 29- 028 -24 -33 -0019 7,219,800 None stated 3510 Galleria No further appeals being presented, motion of Member Kelly was seconded by Member Paulus to continue the Board of Review meeting to Monday, May 11, 1992, at 7:00 P.M. for decision on the appeals presented. Motion carried unanimously. Meeting was adjourned at 7:03 P.M. City Clerk MINUTES OF THE CONTINUED MEETING OF THE EDINA BOARD OF REVIEW HELD MONDAY, MAY 11, 1992 The continued meeting of the Board of Review was called to order at 7:12 P.M. by Mayor Pro -Tem Kelly. Mayor_Richards entered the meeting at 7:30 P.M. No further objections to property valuations were presented, either in person or written. The Board then reviewed the Assessor's recommendations for each property and took action as follows. Assessor's Owner's Est Name /Address PIN Number. Est Mkt Val of Mkt Val Kevin Kurth 30- 028 -24 -12 -0031 105,300 None stated 4443 Garrison La Joseph Kavanaugh 18- 028 -24 -24 -0047 495,000 Appraisal 1989 4605 Browndale Av 400,000 Gene /Donna Depesa 30- 117 -21 -31 -0007 452,400 400,000 5116 Green Farms Rd Holmes & Graven 31- 028 -24 -14 -0020 1,964,800 1,300,000 Robert J. Lindall 470 Pillsbury Ctr Minneapolis, MN 55402 Re: 7300 France Av The Quantus Corporation 19- 028 -24 -34 -0096 210,600 200,000 Jarvis Feller 31- 117 -22 -34 -0126 44,800 39,000 Austin, TX 78768 Re: 5709 Fairfax Av Re: 6650 Vernon Av #404 John R. Naab 18- 028_ -24 -14 -0074 182,800 152,000 4807 Maple Rd Irma R. Ruzic 06- 116 -21 -33 -0040 220,000 None stated 6923 McCauley Tr Re: 6921 -23 McCauley Tr Douglas /Kathleen Drake 19- 018 -24 -22 -0011 419,500 369,900 4703 Golf Ter Ronald E. Evon 18- 028 -24 -21 -0106 336,000 Upper 4600 Wooddale Av 200,000 John O. /Devonna K. Murrin 19- 028 -24 -22 -0034 275,000 None stated 5506 Lakeview Dr No further appeals being presented, motion of Member Kelly was seconded by Member Paulus to continue the Board of Review meeting to Monday, May 11, 1992, at 7:00 P.M. for decision on the appeals presented. Motion carried unanimously. Meeting was adjourned at 7:03 P.M. City Clerk MINUTES OF THE CONTINUED MEETING OF THE EDINA BOARD OF REVIEW HELD MONDAY, MAY 11, 1992 The continued meeting of the Board of Review was called to order at 7:12 P.M. by Mayor Pro -Tem Kelly. Mayor_Richards entered the meeting at 7:30 P.M. No further objections to property valuations were presented, either in person or written. The Board then reviewed the Assessor's recommendations for each property and took action as follows. Motion was made by Member Rice and was seconded by Member Paulus approving estimated market value adjustments for the following properties as indicated: Name PIN Number Valuation Brent C. /Joyce C. Fossey 06- 116 -21 -23 -0020 $ 167,500 Rita Ruzic 06- 116 -21 -33 -0040 195,000 John E. Fagerstrom 06- 116 -21 -33 -0042 170,000 John E. Fagerstrom 06- 116 -21 -33 -0043 180,000 John E. Fagerstrom 07- 116 -21 -33 -0023 170,000 John E. Fagerstrom 07- 116 -21 -22 -0029 180,000 V. William Melln/Kenneth A. Youngberg 08- 116 -21 -11 -0024 624,000 James & K. Hawks/Eric b M. Owen 08- 116 -21 -41 -0001 800,000 Gordon Lewis 28- 117 -21 -34 -0019 314,900 Gene & Donna L. Depesa 30- 117 -21 -31 -0007 410,000 Richard A. & Dorothy J. Bjork 30- 117 -21 -43 -0059 345,000 Kenneth A. b Dorothy P. Gere 31- 117 -21 -41 -0067 135,000 Kenneth A. Dorothy P. Gere 31- 117 -21 -41 -0068 135,000 Joseph P. Kavanaugh 18- 028 -24 -24 -0047 395,000 Dr. Allen K. Larson/Dr. J. M. Layer 18- 028 -24 -41 -0128 2,750,200 Herman Huffer 19- 028 -24 -22 -0036 315,000 Bert G. & Mary S. Delaney 19- 028 -24 -24 -0096 191,500 Chard F. & Sally J. Zielike 20- 028 -24 -34 -0022 105,200 Gabbert & Beck 29- 028 -24 -33 -0018 29,000,000 Gabbert & Beck 29- 028 -24 -33 -0019 8,200,000 Seventy -Three Hundred Association 31- 028 -24 -14 -0020 1,450,000 Rollcall: Ayes: Kelly, Paulus, Rice, Richards Motion carried. Mayor Richards declared the 1992 Board of Review Meeting adjourned at 8:20 P.M. City Clerk ASSESSOR'S LEGAL DESC EST MvT VAL CITY OF EDINA BOARD OF REVIEW OWNER'S EST OF MKT VAL RI:C 'VL;'NDATION DECISION NU. NiVvU:, & HUURISS THEODORE /PHYLLIS p R BUT PERFORMED DID NOT VIEW INTERIOR OF PROPERTY GIANOS � MARKET ANALYSIS WHICH INDICATES PRESENT EMV IS 1 4704 LAKEVIEW DR. 19- 028 -24 -22 -0015 270,000 220,000 APPROPRIATE. CORRECTED MATH & SQ. FT. ERRORS IN NO CHANGE F— PETITIONERS PRESENTATION RESULTING IN A VALUE OF $284,000 USING PETITIONER'S METHODOLOGY. DANIEL 0. EVANS 2 4404 SUNNYSIDE RD 18- 028 -24 -21 -0025 295,000 7 -24% lower PHONE CONVERSATION ON 5 -4 -92 TO DISCUSS SALE TRENDS NO CHANGE AND REPORTS. HOUSE VISITED IN RECENT PAST. 0 F— GRACE C. ISENSEE 3 4617 GOLF TERRACE 19- 028 -24 -22 -0024 248,400 219,500 HOUSE AND RECORD REVIEWED. GOOD QUALITY HOUSE AND NO FURTHER LOCATION BUT CONDITION IS LESS THAN AVERAGE. REDUCTION D PREVIOUSLY REDUCED PRIOR TO BOARD OF REVIEW. e n� � V94 J. ZEIMETZ f� f� for sale 4 6301 ST. JOHNS AV 30- 028 -24 -21 -0064 126,700 133,000 1992 VALUE REDUCED FROM $134,700 to $126,700. FOR NO FURTHER SALE BY OWNER. MANY SALES WITHIN NEIGHBORHOOD FRO14 REDUCTION $132,000 TO $150,000. PROPERTY HAS BEEN. INSPECTED & SUBMITTED APPRAISAL VINCENT QUIMBO HAS BEEN REVIEWED. OUR SALES ANALYSIS OF (4) SALES 5 4621 BROWNDALE AV 18- 028 -24 -24 -0055 346,000 none stated ON THE SAME BLOCK INDICATE NO REDUCTION. DESPITE NO CHANGE✓ THE RESTORED - CONDITION, SUBJECT HAS ONE OF THE LOWER VALUES ON THE BLOCK. 6 RICHARD /SALLY 20- 028 -24 -34 -0022 108,200 103/105,000 NEW BASEMENT FINISH RECALCULATED. R-E -DUCE A1401JNT OF 0Y 5,200 ZIELIKE NEW CONSTRUCTION BY $3,000. 6109 BEARD AV. CITY OF EDINA BOARD OF REVIEW ASSESSOR'S OWNER'S EST - _ _ _ r+nm •,nom [ lT T 11Ll MUM \ TAT RECOMMENDATION DECISION INCOME AND EXPENSE STATEMENTS FROM 1990 AND 1991, AS PROVIDED BY DR. LAYER, INDICATE THAT THE BUILDINGS 1J ALLEN K. CARSON NET OPERATING INCOME INCREASED DURING THAT TIME AND / JAMES M. LAYER CONSEQUENTLY THE INDICATED MARKET VALUE HE BLDG 7 3939 WEST 50TH ST. 18- 028 -24 -41 -0182 2,983,300 2,600,000 INCREASED_. THE- IND- I- CA -T -ED- MARKET -VALUE FOR 1 -2 -92 IS NO CHANGE Z} _ $3 ,110, 000 THIS PROPERTY WAS REVALUED 1 -2 -92 AT $857,500. ERIC/MARY LOU OWEN OWNERS DID NOT RECEIVE THE VALUE_NOT -ICE. ADDRESS JAMES /K. HAWKS - - OF- RECORD-HAS -BEEN CORRECTED. REVIEWED PROPERTY 16406 111TH AV - - - -- _ - - -- AND INCOME AND EXPENSE STATEIiENTS PRESENTED BY SUN CITY, AZ_ 85351__ - - -- - __ THE OWNER. & SALES OF SIMILAR PROPERTIES. VERIFIED t 13.2% (AVERAGE 9.8%) 8 RE: 7385 BUSH LAKE 08- 116 -21 -41 -0001 .857,500 750 - 800,000 CAP RATES RANGING 7.6% MOST S IM I LAR -P JOHN E. /MARY T. HOULIHAN / 9 7719 MARTH CT. 08- 116 -21 -34 -0095 441,00 360 - 365,000 RECOMMENT REDUCTION FOR EQUALIZATION. REMODELING PORCH TO LIVING AREA. TO VISIT PROPERTY 4 00 FOR 1993 ASSESSMENT. ROBERT S /MARGARET HANSON 10 29 CIRCLE WEST 29- 117 -21 -11 -0022 279,000 242,000 REVIEWED VALUE AND EQUALIZATION. MARKET SALES NO CHANGE ANALYSIS INDICATE NO CHANGE IN VALUE. DISCUSSED VALUE WITH MR. ROSTER. HIS SERVICE STATI011 ROBERT L. ROSTER IS ON (2) PARCELS. THE SMALLER PARCEL (0061) IS 11 4416 VALLEY VIEW RE 19- 028 -24 -43 -0060 80,800 USED WITH THE LARGER. COMPARING THE TOTAL 1992 NO CHANGE VALUE-WITH-THE-TOTAL-1991 'VALUE SHOWS A 5.6% INCREAS . 19- 028 -24 -43 -0061 22,500 _._ _. - STEVE POLLMANN 12 .5917 HANSEN ROAD 33- 117 -21 32 -0077 110,000 102,900 PROPERTY INSPECTED MARCH 18, 1992. PURCHASED MARCH; 1991 •FOR $112,000. NEW OWNER HAS NO CHANGE BUILT 3 SEASON PORCH, KITCHEN CABINETS PAINTED WHITE AND NEW FLOORING. CITY OF EDINA BOARD OF REVIEW ASSESSOR'S OWNER'S EST gem RRVm 117TT r)P MOP 17117. (7iN1MF:nFT'.S RECOMMENDATION DECISION HERMAN /CORNELIA HUFFER RECENT INSPECTION AND MARKET ANALYSIS. PROPERTY IS FOR _ _ _- 15 000 13 4910 LAKEVIEW DR. 19- 028 -24 -22 -0036 320,000 300,200 _I.N VER.Y- GOOD- COND- I- T -I -ON. - FURTHER - CONSIDERATION -FLAT ROOF. V v RIDGEWAY BAKER 14 4710 GOLF TERRACE 19- 028 -24 -22 -0008 299,000 276,000 PROPERTY INSPECTED. NO CHANGE MARKET ANALYSIS COMPLETED. i GORDON LEWIS X28 -�7- 1-34 --0 480,900 TOTAL VALUE OF (4).PARCELS IS $1,141,000 INCLUDING G /' 15 RE: 5229 EDEN AV. -0022 119,700 800,000 STRUCTURES WHICH IS $4.09 PER SQ. FT. OF LAND. NO CHANGE -0026 444,800 LAND AREA APPROXIMATELY 278,962 SQ. FT. -0031 , 6000 BYRON H. ARMSTRONG 16 4119 WEST 62ND ST. 30- 028 -24 -11 -0043 66,200 PHONE CONVERSATION WITH MR. ARMSTRONG. HOUSE WAS NO CHANGE REVIEWED 1 YEAR AGO. MOST OF THE VALUE IN .74 ACRE LOT. HE HAS OTHER MUNICIPAL CONCERNS. RICHARD BJORK 17 5301 LARADA LANE 30- 117 -21 -43 -0059 371,500 330,000 MARKET PRESENTATIONS REVIEWED. COMPARISONS INDICATE REDUCTION. 345,000; /] V SALES BRENT C /JOYCE C. FOSSEY f/ 18 6809 INDIAN HILLS RD 06- 116 -21 -23 -0020 170,000 156,000 HOUSE LAST PURCHASED 1983 FOR $157,000. AT TIME OF lr 61,500 REVIEW, HOUSE IN PROCESS OF REDECORATING. MARKET ANALYSIS INDICATED VALUE OF $167,500. CITY OF EDINA BOARD OF REVIEW ASSESSOR'S OWNER'S EST -n- 11M7M [TAT nw K4vm trAT. RI cy.)N - MATION DECISION No. NAME & ADD14!..56 LC l7F1L LliJI . 1.71 i•uxl vr� FAGERSTROM CONSTR. 06- 116 -21 -33 -0042 192,000 DISCUSSED AND REVIEWED PROPERTIES WITH OWNER. 042: 170,000 L -1 6724 SIOUX TRAIL 06- 116 -21 -33 =0043 200,700 OWNER REFUSED TO PROVIDE INTERIOR ACCESS AND PRECISE INCOME INFO. EXTERIOR INSPECTION FOUND X0043:,. 87"0_;000. 07- 116 -21 -22 -0028 192,000 RUN DOWN CONDITION. 07- 116 -21 -22 -0029 209,500 0829: 180;000 - V. WM MELIN KENNETH YOUNGBERG P.O. BOX 23051 REVIEWED BUILDING INCOME AND EXPENSE STATEMENT. RICHFIELD 55423 BUILDING IS STILL PARTIAL WITH APPROXIMATELY 2900 !, SO. FT. NEVER RENTED OR FINISHED (18.1 %). REVIEWED 621,_0 U L -2 RE: 7001 CAHILL RD 08- 116 -21 -11 -0024 964,500 624,000 SALES OF SIMILAR RETAIL PROPERTIES IN SIMILAR MARKETS. -Q0 MARK F. /HEDWIG M. HOLJ1BERG L -3 5108 RIDGE ROAD 30- 117 -21 -42 -0007 325,000 PROPERTY WAS REVIEWED AND VISITED ON 4- 16 -92. STILL AWAITING MARKET ANALYSIS TO BE PROVED. SUBMITTED TO NO CHANGE O I RESERVE FURTHER RIGHT OF APPEAL. KENNETH A. GERE MARKET RENT RATES AND ACTUAL RENTAL INCOME INDICATE L -4 5900 SCHAEFER RD 1- 117 =2 -41 -OO67 _ 138,300 A REDUCTION. 135 000 O - -31-:-TT_ - 1-41 =0068 142,500 135,000 > CORILUS /REBECCA PROPERTY INSPECTED 1- 15 -92. BUILDING PERMITS TAKEN WEBER OUT IN JULY & AUGUST, 1991. L -5 4603 ARDEN AV 18- 028 -24 -12 -0173 290,300 247,500 WORK COMPLETED: NEW DETACHED GARAGE, CONVERT OLD OLG GARAGE TO LIVING AREA, REMODEL NO CHANGE O 2ND FLOOR ABOVE GARAGE, ADD MBR BATH. PROPERTY PURCHASED 7 -1 -91 FOR $275,000. RASH & ASSOCIATES REVIEWED THE VALUE BY THE COST APPROACH. THE BUILDIN ATT: CHRIS WILLIAMS HAS BEEN EXTENSIVELY REMODELED IN THE LAST 11 YEARS, P.O. BOX 1000 THEREBY GREATLY REDUCING ITS EFFECTIVE AGE. HOWLETT, TX 75088 (PERKINS RESTR.) O L -6 RE: 4917 EDEN AV.' 18- 028 -24 -32 -0023 1,168,800 NO CHANGE ,n n,T *arc c Annovcc ASSESSOR'S T.Fr_AT. nFgr _ PST MKT VAT CITY OF EDINA BOARD OF REVIEW OWNER'S EST OF MKT VAL RECOMMENDATION DECISION l`JV. l`UL'iU Of hLJLJI — - -- - -- - - - -- WM. R. SKALLA_ND L -7 5324 OAKLAWN 18- 028 -24 -43 4060 185,400 156,100 REVIEW OF PROPERTY AND SALES INDICATE VALUE IS NO CHANGE rr�� APPROPRIATE. V OLIVE L. HARRIS L -8 5504 KELLOGG AV. 19- 028 -24 -12 -0076 162,500 REVIEW OF PROPERTY AND SALES INDICATE VALUE IS NO CHANGE APPROPRIATE. OWNER CONCERNED ABOUT TAX INCREASES. D MARY JO KINGSTON JA14ES S. GUERRERO L -9 15 WOODLAND RD 19- 028 -24 -13 -0018 435,000 420,.000 PROPERTY INSPECTED PRIOR TO BOARD OF REVIEW. VALUE NO FURTHER V REDUCED FROM $448,000. REDUCTION (REDUCED FROM 448,000) KIMBALL CUNNINGS L -10 5601 PARK PLACE 19- 028 -24 -14 -0052 272,100 SUBMITTED MKT RECENT INSPECTION AND MARKET ANALYSIS INDICATE NO CHANGE ANALYSIS AT VALUE IS APPROPRIATE. l $250,000- (J $255,000 FRED E. /BARBARA MYERS L -11 4708 GOLF TERRACE 19- 028 -24 -22 -0009 265,000 214,100 PROPERTY INSPECTED. SALES REVIEWED. NO FURTHER j�-- REDUCED FR014 REDUCTION 271,500 TOTAL PETROLEUM, IN THIS LETTER APPEAL TO THE LOCAL BOARD IS FOR THE ATT; JACK P. HANNA PURPOSE OF PRESERVING RIGHT OF APPEAL TO COUNTY DENVER PLACE N TOWE BOARD WHERE SEVERAL OF TOTAL PETROLEUM'S PROPERTIES r� I L -12 999 18TH ST, S 2201 20- 028 -24 -22 -0045 254,700 WILL BE VERBALLY PRESENTED PER TELEPHONE CONVERSATIO NO CHANGE v DENVER CO 80202-1 WITH JACK HANNA OF TOTAL PETROLEUM. RE: 5401 FRAPEgg2A ASSESSOR'S T vr_AT. nper FC'P MKT VAT CITY OF EDINA BOARD OF REVIEW OWNER'S EST nF MKT vAT, RECOMMENDATION — DECISION - ,vv. - V WARREN BECK - Ig GABBERT -& -BECK L -13 3510 GALLERIA c'S= 92 =00-8 ' 40,891,500 STILL REVIEWING DATA SUBMITTED BY MR. BECK. -8�IA X29 028= 24-3.3v QAL9 � b 7,219,800 KEVIN KURTH L -14 4443 GARRISON LA 30- 028 -24 -12 -0031 105,300 PROPERTY HAS BEEN REVIEWED. OWNER CONCERNED WITH i NO CHANGE VALUES OF OTHER HOUSES ON STREET. TO BE REVIEWED U FOR '93 ASSESSMENT. L -15 JOSEPH KAVANAUGH SUBMITTED r\ 4605 BROWNDALE AV 18- 028 -24 -24 -0047 495,000 APPRAISAL OF REVIEWED PROPERTY AND SALES. CONDITION WARRANTS 3l 95,000 U $400,000 DATED REDUCTION. FROM 1989. GENE /DONNA DEPESA L -16 FARMS 5116 GREEN R 30- 117 -21 -31 -0007 452,400 400,000 RECENT PURCHASE PRICE OF $400,000. PREVIOUSLY SOLD 410 000 � FPR $481,000 (5 -87). WILL REVIEW SUBJECT & OTHER RAMBLER WALKOUTS ALONG WITH SALES FOR '93 ASSESSMENT £" HOLMES & GRAVEN ROBERT J. LINDALL REVIEWED COMPARABLE SALES ARGUEMENT. MOST ARE NOT 470 PILLSBURY CTR GOOD COMPARISONS BECAUSE OF LOCATION, ASBESTOS g C MPLS, MN 55402 CONTAMINATION, OR INDUSTRIAL BUILDING USE. L -17 RE: 7300 FRANCE A 31 = 028 - 4= 14=002 1,964,800 1,300,000 REVIEWED THE•INCOME AND EXPENSE STATEMENT. 1,746,000 THE QUANTUS CORP. SINGLE FAMILY: REALTY HOUSE SELLING FOR FREDDIE MAE, JARVIS FELLER WHICH IS SELLING FOR GMAC. CLOSING SET FOR 5- 21 -92, TAX CONSULTANT SOLD FOR $191;500. REVIEW FOR CONDITION IN 1993. Q AUSTIN, TX 78768 CONDO: REVIEWED ALL SALES DURING 1991 IN THE FOUNTAI c 5709 FAIRFAX AV4- L -1 9'028 =24 =24 =009 210,600 200,000 Wppp CONDO AND CURRENT LISTINGS OF SIMILAR UNITS. 6650 VERNON AV #40 31J 11 2 -34 -0126 44,800 39,000 ALL SALES BETWEEN PRIVATE INDIVIDUALS SUPPORT THE NO CHANGE ('IIRRFlIT FCTTMATim F.4A!ZKrT %101 III= — - -- —_ u ASSESSOR'S T T/�TT r aen Vem MVrP XIAT CITY OF EDINA BOARD OF REVIEW OWNER'S EST r)P MKT IrAT. ra-978TITU-120 "m RECOMMENDATION DECISION LNI-J LW Y'l U [ ll/Ll u�iv JOHN R. NAAB L -1 4807 MAPLE ROAD 18- 028 -24 -14 -0074 182,800 152,000 HOME WAS INSPECTED IN 1990, HAVE NOT BEEN ABLE TO NO CHANGE REACH OWNER YET. MARKET ANALYSIS COMPLETED. I/ IRMA R. RUZIC 6923 MCCAULEY TRAI EDINA, 55435 DISCUSSION WITH TAXPAYER'S REAL ESTATE AGENT AND L -20 6921 -23 MCCAULEY TR. 06- 116 -21 -33 -0040 220,000 REVIEW OF THIS PROPERTY AND ITS POTENTIAL RENT 195,000-1 INCOME. DOUGLAS /KATHLEEN DRAKE N (� L -21 4703 GOLF TERRACE 19- 028 -24 -22 -0011 419,500 369,900 RONALD E. EVON L -22 4600 WOODDALE AV 18- 028 -24 -21 -0106 336,000 UPPER $200'S, TOPS $300,000 b JOHN 0. /DEVONNA K. Fto'� MU RR I N �JVI.v L -23 5506 LAKEVIEW DRIVE 1.9- 028 -24 -22 -0034 275,000 J CITY OF EDINA BOARD OF REVIEW ASSESSOR'S OWNER'S EST ..,,.., . T mnev9.lKTrc RECOMMENDATION DECISION VO. NAME & ADDRESS i,ECAL PLN i ve-u.i FAGERSTROH CONSTR. 06- 116 -21 -33 -0042 192,000 DISCUSSED AND REVIEWED PROPERTIES WITH OWNER. 0042: 170,000 L -1 6724 SIOUX TRAIL 06- 116 -21 -33 =0043 200,700 OWNER REFUSED TO PROVIDE INTERIOR ACCESS AND PRECISE INCOME INFO. EXTERIOR INSPECTION FOUND 0043: 180,000 07- 116 -21 -22 -0028 192,000 RUN DOWN CONDITION. 0028: 170,000 07- 116 -21 -22 -0029 209,500 0029• 180,000 V. WM MELIN KENNETH YOUNGBERG P.O. BOX 23051 REVIEWED BUILDING INCOME AND EXPENSE STATEMENT. RICHFIELD 55423 BUILDING IS STILL PARTIAL WITH APPROXIMATELY 2900 L =2 RE: 7001 CAHILL RD 08- 116 -21 -11 -0024 964,500 624,000 SO. FT. NEVER RENTED OR FINISHED (18.1 %). REVIEWED SALES OF SIMILAR RETAIL PROPERTIES IN SIMILAR MARKETS. 624,000 MARK F. /HEDWIG M. HOL14BERG PROPERTY WAS REVIEWED AND VISITED ON 4- 16 -92. STILL NO CHANGE L -3 5108 RIDGE ROAD 30- 117 -21 -42 -0007 325,000 AWAITING MARKET ANALYSIS TO BE PROVED. SUBMITTED TO RESERVE FURTHER RIGHT OF APPEAL. KENNETH A. GERE MARKET RENT RATES AND ACTUAL RENTAL INCOME INDICATE A REDUCTION. L -4 5900 SCHAEFER RD 31- 117 -21 -41 -0067 138,300 135,000 31- 117 -21 -41 -0068 142,500 135,000 CORILUS /REBECCA PROPERTY INSPECTED 1- 15 -92. BUILDING PERMITS TAKEN (WEBER OUT IN JULY & AUGUST, 1991. WORK COMPLETED: NEW DETACHED GARAGE, CONVERT OLD NO CHANGE L -5 4603 ARDEN AV 18- 028 -24 -12 -0173 290,300 247,500 OLG GARAGE TO LIVING AREA, REMODEL 2ND FLOOR ABOVE GARAGE, ADD MBR BATH. PROPERTY PURCHASED 7 -1 -91 FOR $275,000. - RASH & ASSOCIATES REVIEWED THE VALUE BY THE COST APPROACH. THE BUILDIN ATT: CHRIS WILLIAMS HAS BEEN EXTENSIVELY REMODELED IN THE LAST 11 YEARS, P.O. BOX 1000 THEREBY GREATLY REDUCING ITS EFFECTIVE AGE. HOWLETT, TX 75088 (PERKINS RESTR.) L -6 RE: 4917 EDEN AV.` 18- 028 -24 -32 -0023 1,168,800 NO CHANGE ADDRESS ASSESSOR'S LEGAL DESC EST MKT VAL CITY OF EDINA BOARD OF REVIEW OWNER'S EST OF MKT VAL COMMENTS RECOMMENDATION DECISION d0. NNdC & WM. R. SKALLAND L -7 5324 OAKLAWN 18- 028 -24- 43,0060 185,400 156,100 REVIEW OF PROPERTY AND SALES INDICATE VALUE IS NO CHANGE APPROPRIATE. OLIVE L. HARRIS L -8 5504 KELLOGG AV. 19- 028 -24 -12 -0076 162,500 REVIEW OF PROPERTY AND SALES INDICATE VALUE IS NO CHANGE APPROPRIATE. OWNER CONCERNED ABOUT TAX INCREASES. MARY JO KINGSTON JAMES S. GUERRERO L -9 15 WOODLAND RD 19- 028 -24 -13 -0018 435,000 420,.000 PROPERTY INSPECTED PRIOR TO BOARD OF REVIEW. VALUE NO FURTHER REDUCED FROM $448,000. REDUCTION (REDUCED FROM 448,000) KIMBALL CUNNINGS L -10 5601 PARK PLACE 19- 028 -24 -14 -00'12 272,100 SUBMITTED MKT RECENT INSPECTION AND MARKET ANALYSIS INDICATE NO CHANGE ANALYSIS AT VALUE IS APPROPRIATE. $250,000 - $255,000 FRED E. /BARBARA MYERS L -11 4708 GOLF TERRACE 19- 028 -24 -22 -0009 265,000 214,100 PROPERTY INSPECTED. SALES REVIEWED. NO FURTHER REDUCED FROM REDUCTION 271,500 TOTAL PETROLEUM, IN THIS LETTER APPEAL TO THE LOCAL BOARD IS FOR THE ATT; JACK P. HANNA PURPOSE OF PRESERVING RIGHT OF APPEAL TO COUNTY DENVER PLACE N TOWER BOARD WHERE SEVERAL OF TOTAL PETROLEUM'S PROPERTIES L -12 999 18TH ST, S 2201 20- 028 -24 -22 -0045 254,700 WILL BE VERBALLY PRESENTED PER TELEPHONE CONVERSATIO NO CHANGE DENVER CO 80220q2g -, WITH JACK HANNA OF TOTAL PETROLEUM. IRE: 5401 FRAIV 2A _ CITY OF EDINA BOARD OF REVIEW ASSESSOR'S MER' S EST T T/TT r nan Vem Mt" vnT- OV MKT VAT. RECOMMENDATION DECISION Nu. NIV111L -- WARREN BECK GABBERT & BECK o2 7, L -13 3510 GALLERIA 29- 028 -24- 33=0018 40,891,500 STILL REVIEWING DATA SUBMITTED BY MR. BECK. ' GALLERIA 29- 028 -24 -33 -0019 GABRERTS 7,219,800 KEVIN KURTH L -14 4443 GARRISON LA 30- 028 -24 -12 -0031 105,300 PROPERTY HAS BEEN REVIEWED. OWNER CONCERNED WITH NO CHANGE VALUES OF OTHER HOUSES ON STREET. TO BE REVIEWED FOR '93 ASSESSMENT. L -15 JOSEPH KAVANAUGH SUBMITTED 4605 BROWNDALE AV 18- 028 -24 -24 -0047 495,000 APPRAISAL OF REVIEWED PROPERTY AND SALES. CONDITION WARRANTS 395,000 $400,000 DATED REDUCTION. FROM 1989. GENE /DONNA DEPESA L -16 5116 GREEN FARMS R0 30- 117 -21 -31 -0007 452,400 400,000 RECENT PURCHASE PRICE OF $400,000. PREVIOUSLY SOLD FPR $481,000 (5 -87). WILL REVIEW SUBJECT & OTHER 410,000 RAMBLER WALKOUTS ALONG WITH SALES FOR '93 ASSESSMENT HOLMES & GRAVEN ROBERT J. LINDALL REVIEWED COMPARABLE SALES ARGUEMENT. MOST ARE NOT 4701PILLSBURY CTR GOOD COMPARISONS BECAUSE OF LOCATION, ASBESTOS MPLS, MN 55402 CONTAMINATION, OR INDUSTRIAL BUILDING USE. REVIEWED THEA NCOME AND EXPENSE STATEMENT. 1,746,000 L -17 RE: 7300 FRANCE A 31- 028 -24 -14 -0020 1,964,800 1,300,000 SINGLE FAMILY: REALTY HOUSE SELLING FOR FREDDIE MAE, THE QUANTUS CORP. WHICH IS SELLING FOR GMAC. CLOSING SET FOR 5- 21 -92, JARVIS FELLER SOLD FOR $191,,500. REVIEW FOR CONDITION IN 1993. TAX CONSULTANT AUSTIN, TX 78768 CONDO: REVIEWED ALL SALES DURING 1991 IN THE FOUNTAIN 191,50 L-18 19- 028 -24 -24 -0096 210,600 200,000 WOOD CONDO AND CURRENT LISTI14GS OF SIMILAR UNITS. 5709 FAIRFAX AV 6650 VERNON AV #40 31- 117 -21 -34 -0126 44,800 39,000 ALL SALES BETWEEN PRIVATE INDIVIDUALS SUPPORT THE NO CHANGE - -- —_ CURRENT ESTIMATED lAfl!:ET VALUE. rm NO N71NP & ADDRESS ASSESSOR'S LEGAL DESC. EST MKT VAI CITY OF EDINA BOARD OF REVIEW OWNER'S EST OF M VAL RECOMMENDATION DECISION JOHN R. NAAB L -1 4807 MAPLE ROAD 18- 028 -24 -14 -0074 182,800 152,000 HOME WAS INSPECTED IN 1990, HAVE NOT BEEN ABLE TO NO CHANGE REACH OWNER YET. MARKET ANALYSIS COMPLETED. L IRMA R. RUZIC 6923 MCCAULEY TRAI EDINA, 55435 DISCUSSION WITH TAXPAYER'S REAL ESTATE AGENT AND L -20 6921 -23 MCCAULEY TR. 06- 116 -21 -33 -0040 220,000 REVIEW OF THIS PROPERTY AND ITS POTENTIAL RENT 195,000 INCOME. DOUGLAS /KATHLEEN DRAKE L -21 4703 GOLF TERRACE 19- 028 -24 -22 -0011 419,500 369,900 i RONALD E. EVON L -22 4600 WOODDALE AV 18- 028 -24 -21 -0106 336,000 UPPER $2001S, TOPS $300,000 RESIDENTIAL PROPERTXC!K%QV MQLAPPRAISAI. CARD �I.1l STREET ADDRESS 7009 -11 ASSESSMENT DIST. SCHOOL DIST. NO. LOT 5 BLOCK 1 ADD. SIOUX TRAIL FOURTH BUILDING PERMIT RECORD Date Number Amount Purpose -/3.7-R /4 2,92 1 qt7^ 9nn I B%V, A,& — Foofh t�i rtrn7 URBAN LOT RECORD Parcels covered by TOPOGRAPHY IMPROVEMENTS STREETS some homestead. Level Sidewalks Asphalt 1 -� List parcel numbers. v LOCATION H ZONING OR USE Corner Lot Residential Commercial Inside Lot Dbl. Bung. Industrial _ LAND VALUE COMPUTATIONS Frontage Average I Unit I Unit I Front. Ft. Top. Infl. Total Fioured I Depth Price Percent- Price I Contract for Deed .held A S PI ■ PLAT N 0. _ _ ACCFCCAAI:WT CII►AAAADV VOlunl.n• tAO.^.r1 In hr rnr,•rrd on r. rf 4n•• 1 ^'•. r- _ 1 e.'•:•r,tr -- At: :r ^r, T.wol (�•rnhtrd, Aynrrn,rn /, etc. • �� ASS[SSED VALU II TOTAL VALUE .i HOME• YI MAtKET MArf [T TOTAL (L'll vnlCE ' FULL �'All'f OF l:.`tD i STEAD YEAR (VALUE OF '� %•.:f Cr M•.•�:Er Of r r IIOM[STEAD RIMAINDER Of LAND II LAND tl STl'.CTLI Ii I. VALUE ,� SitC:rUrE; r �T .: CTUCES ' 1I.t No I 2+r5 CU a0� �yk3 I� 3/yoo ol� j J l4��LII31 Hoa N /6z£,no /9 yxooiV/ N 9-910 / M I 3 ymm o y6,000 I /e'o,omo Iq 97 1 3y000 r yb coo fgo 000 - 8ii Pi voo ' /Yb Ooo 11 /8'0 000 N r y$ 9 1 3y,n o,o r y 6, o o 1 I fso O O p A✓ 3 � _I9yl I� 3y000i, %Ci0,600 11./7q&00 �i3l I Ig9z I 3y000 ISiiDOO ll /gZmoo t2 ila 4z�� - 11 i I i I v RESIDENTIAL PROPERTY R C OjtD AND APPRAISAL CARD STREET ADDRESS %0050% elv 237 -1 ASSESSMENT DIST. SCHOOL DIST. NO. —I& W1 LOT 4 BLOCK ADD. STnUX TRAT1- FnUBTH BUILDING PERMIT RECORD Date Number Amount Purpose 9 - 72 0 7 q00 % (o URBAN LOT RECORD Parcels covered by some homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS STREETS Level Sidewalks Asphalt High Curb G Gutter Concrete Low City Water Brick Sanitary Sewer Gravel DRAINAGE Storm Sewer Dirt Good - fair -Poor Nat'l Gas with alley LOCATION ZONING OR USE Corner Lot Residential Commercial Inside Lot Dbl. Bung. Industrial Multi- Fomily General Desirability: Good Fair Poor Other: . nom✓ / --AL LAND VALILF COMPUTATIONS Frontage Figured Average Depth unit Price I Unit Percent Front. Ft. Price Top. Intl. Tofu •" % (o Date otisideration Kind of Inst �6� -,�/ rat � ,(?✓' Contract for Deed held by: `. 1 1// PLAT NO. 705-8___ OCT • 17 . Volunhe• thoonrl to h• rwrrr:d on wr41 Ln.•. In --o 1•• 1' .r ...•d c.,r'.rnty.•• At:•a ^r ►�wnl I'I'rn4trd, A9nl�new /, tte. t 9 r ASSESSED VALUE r I� tOTAI VALVE y HOME- MACKET IAArr.ET TOTAL ;' FULL VALUE �- I: ;1 ►L'LL VALVE � OF L:•!10 � STEAD 1' YEAR VALUE OF �� VA:LA CF MA'-,:Er ,r , OF STEAD REMAIND(lt TOT I OF LAUD x•110 .I LANG , Ste:'C1bFtS I VALE [ ;TFV IVrIS res No 2' +r7 Gu 40% 1 ry —�- _- - - --_ �.STtL.l1USIS- J?k-L 31 q0 =a /6Z$of� C19gaou �� y j• n� l tAr 31go0 /I:z 1919 /9 -/aoo H 3 ( Fr ifs Ll 11,51 /67--5-oo JI 19q Poo 7 Ii 1 t 7kr 3iyoo GZ -i1mo /I S - r ?8'6 3y000 . /yG 1900 / �1`0 000 %S 2 tSli 3 000 I`/6 000 If(-p00 B b' 3' 00o Y� r/(, oo, q /yo 0 o 0 19SC9 3N on 1 F y6 000 u /SrO-000 /� d ) 191 11 3LIC001 q0600 612- 11 3N 000I I-7 5-f-00 ►4 i 0 T q boo - 915700 s 2 Zo I I 3y Flo r9 i ii — � i -. -T. � -- RESIDE TIAL PROPERTY RECORD ND APPRAISAL CARD STREET ADDRESS 6913 -15 a$-i$, ` ` ` ' ASSESSMENT DIST. SCHOOL DIST. NO. LOT 10 BLOCK _ 1 ADD. SIOUX TRAIL FOURTH BUILDING PERMIT RECORD Date Number Amount Purpose URBAN LOT RECORD Parcels covered by TOPOGRAPHY 11IMPROVEMENTS 11 STREETS some homestead. Level 11 Sidewalks 1 11 Asphalt List parcel numbers. Rich 1 11 Curb G Gutter 1 11 Concrete Nat'l ZONING O Corner Lot nCs!aCnTla1 �ommcrcrar Inside Lot Dbl. Bung. Industrial Multi- Fomily 1 11 General Desirability: Good _ � Fair Poor I ARIn VAI IIF r-CIMPIITATIONS Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. Tot / X3 p � 3Ha o /bo 000 19Ndoo H YEAR CAI Cr, IWlPr1RAAATICIW Dote Consideration Kind of Inst. Remarks L / X3 p � 3Ha o /bo 000 19Ndoo H Contract for Deed held by: a VOlrahn+ rho -Irt t0 1w r wrrr: •1 an —I, hn.• In [.r •: V. .r ..r•I c .- •minty — AT:a ^r, Frwol F'1'rw4rrd, A!.ntrw.t'nr, CIC. - -- Ir -- l —�� -�— I! - - - -�- 9 - -- -'- � ASSESSED VAlUES_� 1 TOTAL VAIL(.1 µACKIT MAFY.[T TOTAL ;I t r full �' %•ll'F OF LAUD ST(AD 1' ;t FL'IL VAI:- OF IIOMESTIAD G(MAIND(R VALUE OF I� VA'L:t CF 1 APA :Er r Of LA! +D ' t•'tD it 701 II LAND II S7R'.CILiis �. VALUE r•;itL'CiUF(+ STtLt iUCES Y :t No 1Sr� Grr �Q4j - /III 3y zoo 1160,0 co II ! 9Nz� � 0 "' ,' L / X3 p � 3Ha o /bo 000 19Ndoo H l fr 3 /yoo _16 2kv0 / "o 52 — /*)frr-I3H.0oo /y�o 1K0,000 19K 3 000 1 6 000 1 /�o-oo I ffR 13y 0 194f9 3q� ooi) 11166 000 N b I I9C1 t 3q&oo o -7 qG041 52 1 93 i D� IDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 6909 -11 18%% =� ��c�tiL' y „frr�, ASSESSMENT DIST. SCHOOL DIST. NO. _16 W1 LOT _ 11 BLOCK 1 ADD. SIOUX TRAIL FOURTH BUILDING PERMIT RECORD Dote Number I Amount Purpose ' -9 1_72 0- JAn %Q�/1/7 URBAN LOT RECORD Parcels covered by TOPOGRAPHY I IMPROVEMENTS STREETS some homestead. Level 1 11 Sidewalks I Asphalt I List parcel numbers. Nat'l Gas TION .1 PLAT NO. 7705$_ PAR =1 OCT 13 a: ,r Inside Lot Dbl. Bung. Industrial Multi- Family General Desirability: Good air Poor Other r r. r YOltrnl.e• the-let to b• .w4v:d On w•.1 6nr In :u•,• t' :r ..... 1 C,r'•�nrr••• A1'.tta ^r, f,wol F'i,nlwd. A!ntr•meat. CIC. LAND VALUE COMPUTATIONS II !I II 1 ASSESSED VALUES tOTAI VALUE ' HOME Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Infl. Total 0 YEAR v MArV.ET TOTAL 1 fVLL %',.LL'f I•— MAC Ii I; .+ fVtL VAICC Of LAUD !I STEAD IVALUE Of �I VAlut CF MA:�:Cf r OF LAND ! OF A•ID ) HOMESTEAD � R[MAI!IDER TO1 II LAND II STS'- t:Tt. %ES I, VALUE ” " ;tcL':tI:CIS r STCUCTUC[S � Y;s No �r1S`5 fu 4()% 19 g 2-1 3 - q A00 --,►— 1 �l3 I3ya 00 /Go boo 19ya,00 �� H I 5� 314/00 , /6a Flv� 19yzov SALES RMATION 196-5- 3 yoo �_ / 6 goe, aoo S 2 o te Consideration Kind of Inst. Remarks 8-6 18'0,000 �2 '� ? F , /' � ��(c f • ,fir � . ° `� f -91f�3 ooa / 000 Opoo II 3 000 N6 0 4t /K000 _ 1 !4 �✓ ^I lye 3 000 /NL 000 II /SSO ooa Ii I�rin I --2 ,-- fA,,4 I I I Contract for Deed held by: 19 9 / 3 yt7oo / 7 �/6O o S i2 ? 3N000 66 ao i Imo 00 Q rS y c zz � F Fagerstrom Construction Company 6724 Sioux Trail'�,� /;� y�7 Edina, MN 55439 March 30, 1992 City of Edina City Assessor 4801 West 50th Street Edina, MN 55424 Re: 1992 Market Value 07- 116 -21 22 0029 06- 116 -21 33 0043 07- 116 -21 22 0028 VO-11U-Ll 33 0042 on the Following Properties 7005 -07 McCauley Trail $209,500.00 6909 -11 McCauley Trail $200,700.00 7009 -11 McCauley Trail $192,000.00 69713 -15 ,,.� _ ra%auley Trail. lnq ,non .nn 'd... W The market for double bungalows is extremely depressed. Financial lenders are not loaning funds for these purchases which means a buyer would have to come up with his own cash to make such a purchase. This does not happen except at a fire sale price because they are not good investments. Remember that market value is based upon what a buyer and seller believes the property is worth in money. My properties are 19 years old and in need of major repairs, such as driveways, roots, decks, even siding, which have never been replaced. Some units even have original carpeting. The properties are also only a few yards away from major State Highway #169, which is noisy and obtrusive. The buildings not only front on Highway 4169, but also an industrial park across from Highway #169. Based on 1991 valuations, I was already paying 25% of gross revenues for property taxes. The 1992 valuations would make it even worse. This is my business. What other business in Edina, or anywhere else, pays 25% of gross revenues for property taxes, Please do not compare my double bungalows with townhouses that have been split. Mine have not been divided and at least one could not be divided because it has a single sewer and water line hookup for both units. Please look at the market value of the properties as they exist today, not what they might or might not be in the future. Finally, over the past years I have repeatedly tried to sell my buildings. I have never had an offer of any kind. If you know of anyone that will take my four buildings off my hands for $600,000.00, cash of course, please have them contact me. City of Edina Page 2 Thank you for your prompt and courteous attention. Your truly, Fagerstrom Construction Company John Fagerstrom, President JF:j1 cc: Ralph E. Johnson, Assessor Morau Sankey, Appraiser Gail Rising, Attorney at Law I . 1. :-t /— // — o Dda y See description 'at right PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS :a-_ At, -- -- - _ -. ___ - -- 7001 Cahill Road SCHOOL DIST. NO. 16 Veil pp ,-ART 0f LIT /r gf.OGK ?- AMUNDSONS TERRACE qdo iNerss + Qo..,•i0s BUILDING PFRMIT RECORD Dote I Number Amount Purpose 10 W F1F "1 I - G -' (,- (, 0000 Ste oo012s ► 6O Of90 6 500 ►+, ot. D. afo� mop Fexa"a �oi✓ST 1 fr•2 - o0ossly 6,froa 7 Fe Oi-flL n/fr `I 9- o - 9000 22 .1 000 ? Sco rr +PA LEw 10-3- 0ao a1. X700 13 &.0 Dimrgr,oG WA« EWDLca Co,NfT 7x3900 _ PLAT NQ =_ —� L 2 ocr �» • DEC is ,so Ig 1. 7.3 Valunf•n• LAOw qrf In b• rwr,vr•1 On r••1 Imr, In.7•v••• 1' :r •••'•t O.••• ^r•Ir — At:-R^ fawn' F9'r al•lyd, AbnMnfef, c1c. LAND VALUE COMPUTATIONS jASSESSED VALUES {TOTAL VALUE HO►AI• Frontoge Average Unit Unir Front. Ff. �. Top. Intl. Tol TOTAI fUtl YAII'[ Figured Deprh Price Percent Price MACKET I; :I Il'll VAI�:C OF LAND I STEAD y ' �• IIOM[ST[AD � RLwAt!+DIR Y[ AR VALUE 4f �I VA:Ut CF i FAA :•:Ci I, t Of !••t9 I II LAND ,I STtcCCT�T[S � VALUE � OF LAND Si.UCIU'i [: ! STF.LCT_UCES Tct No 2i�� U ��4a o _;, `,C - ` 36,31 I'/' Y3 13��0o iCJr /3ao IIs/413�0! . SALES INFORMATION q� �I 13_ aTl �' I j L' 3zi, Lj Dote Consideration Kind of Inst. _Remarks _ v I3� coo fog 30o Nrll300 - -- - -- � T 15500 V Ii3tI&r, ,au TC,. tit �sSG�; >;r p Ij «,c, I �£sE^c�• r 11 6 ; �t ?e /0o i'�.e�e� %D 1ri 50 tt sJfs e 225 00,! V - C G 0 1`121 hr�_' SOQc� ] tU' f A :sue Sri a 5 L Too 22500r) r Contract for Decd held by: (� , 1 r 0 I (o � Sod +��j OD 1 Y 7_0 0 ,� ^� 3 %� OV °r� �'f t L G � N. G . Aft,/S So l�l� /O lLfrSo✓ l3 /Soo ��300000 _ lr• L _ Sf�00� H-57 S 50L, �IOOD ^ ' iggz 16 if Sao Q_ 000 �u.�t �0- 3.1r, goo .I .. 1 .. SNAP • A • GRAM FROM�� TO: 117 A We/ �dr�� %1Zyv, SS YZy - ll�-ZI - /I -c-a24 f l ,,_4 4-v- `(Z 4 "2Z L.2 DATE: 4 y_ a 7 17- - - t SIGNED DATE N Adams 8 Snap • A • Gram RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD JS/ TREET ADDRESS 5108 Ridge Read ASSESSMENT DIST. SCHOOL DIST. NO 135 W1 LOTS 120 f t 4 BLOCK ADD. Auditors Subdivision No. 325 BUILDING PERMIT RECORD Date Number Amount` Purpose URBAN LOT RECORD TOPOGRAPHY IMPROVEMENTS STREETS Level FULL VALUE OF STRUCTURES Sidewalks HOME- STEAD Yes No Asphalt High REMAINDER !1 40% Curb G Gutter 1-77 Concrete Low � �v� I City Water Brick Good - Fair -Poor Nat'l Gas I 11 with alley LOCATION ZONING OR USE Corner Lot Residential 1 11 Commercial Inside Lot 1 11 Dbl. Buna. 1 11 Industrial Parcels covered by r/ some homestead. 6 � List parcel numbers. r- PLAT NO. 73977 OCT 73 L -3 r, [ :177 6 LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Average Unit Unit Front. Ft. Top. Intl. Total Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. Figured Depth Price Percent Price u o - a v "n S GYJ ASSESSMENT SUMMARY - - - - - - - - - 0 Valuation changes to be entered on next line. Indicate year and authority — A Assessor Final 1 E l' :e d Abatement. etc. SALES INFORMATION Date Consideration Kind of Inst. Remarks FULL VALUE OF LAND FULL VALUE OF STRUCTURES TOTAL VALUE OF LAND AND STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER !1 40% TOTAL 1-77 a 17, f, (2:2) ',3 � �v� Contract for Deed held by: MARKET TRUCT RE STRUCTURES TOTAL MARKET I VALUE FULL VALUE OF LAND FULL VALUE OF STRUCTURES TOTAL VALUE OF LAND AND STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER !1 40% TOTAL 138 b0 � �v� J�IARVA �� _.a glo ° 63-700 2 20 �0 I 00o bbb U %`-( &C � i -�A 0 w'So S N� ^J - S4� 4- -' *')q( - Ilvdo C ?,1 25- X9"7(0 i,� (. PZd zb lt 30 11 -1 2-141 cam' cf 2-1 �o &-j 0,-� t -2-AO, 09-0 1 9 q,Z vie. J WHSIDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS __5900 -5t, Schaef er Road ASSESSMENT DIST. _ SCHOOL DIST. NO. __ 16 4'11 LOT 0} 1 ex rd BLOCK 3 ADD. KILLARNEY SHORES BUILDING PERMIT RECORD Do to Number Amount F 12-13-'71 -r- S�q _ _ _ ! t w Other: LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Averoge Unit Unit Front. Ft. Top. Intl. Figured Depth Price Percent Price Total URBAN LOT RECORD TOPOGRAPHY IMPROVEMENTS STREETS Level Sidewalks TOTAL VALUE MARKET TOTAL FULL VALUE iUll VALUE OF LAND VALUE OF MARKET OF LAND OF AND I VALUE STRUCTURES STRUCTURES STRUCTURES Asphalt ASSESSED VALUES HOMESTEAD REMAINDER TOTAL 25% 4p 40% High Curb G Gutter dA4 Concrete Low City Water Brick [/000d aS00aa 0000 Sanitary Sewer Gravel ALE DRAINAGE Storm Sewer 0000 Dirt � Good -Fair -Poor Date Not'] Gas Kind 'of Inst. with alley If LOCATION aso 000 ZONING OR USE Corner Lot Residential Commercial Inside Lot Dbl. Bung. Industrial Parcels covered by same homestead. List parcel numbers. 0- IQ Tha t h 0 dis PLAT N0. 75981 Nov • 76 L -4 r e of General Desirability: . Good Fair Poor Other: LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Averoge Unit Unit Front. Ft. Top. Intl. Figured Depth Price Percent Price Total Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. = - t' — - -_ - J MARKET VALUE OF LAND TOTAL VALUE MARKET TOTAL FULL VALUE iUll VALUE OF LAND VALUE OF MARKET OF LAND OF AND I VALUE STRUCTURES STRUCTURES STRUCTURES HOME - STEAD �ycs No ASSESSED VALUES HOMESTEAD REMAINDER TOTAL 25% 4p 40% dA4 [/000d aS00aa 0000 ALE NF RMATION 0000 So 00 0 �l 0 oat � Date Consideration Kind 'of Inst. Remarks If l 0ao aso 000 000 190, - 13 �,��o env= co _ _ 18'A0v as000 /'/ ?000 /✓ non !1000 jfOU /� .mod 0 52 'i a9 i � IA-.0 12o.3 00 l 35(3 Oj z� 15 jr �9 z Contract for Deed held by: r ]y I 5 � aneo 11—, -- —. - p 7 iRy J/0, coo -.So 0 0o 0, ow �v RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 5902 Schaefer Road ASSESSMENT DIST. SCHOOL DIST. N0. 273 416Rl LOT pt 1 _ BLOCK 3 ADD. _ KILLARNEY SHORES RIIILDING PERMIT RECORD 75981 ADDITI Lm4 j Pnncrr r;; that part of Lot 1 lying SEIy of a line drawn from a pt on NEly line thof dist 63 ft SEIy from most Nly cor thof to a pt on SWly line thof dist 63 ft SEIy from most Wly cor thof and there ending. N A- El I! s.v.lE_TaJ d � iin.,.�r..✓ rsE 2E " 4305- [.a,rsrwoo0 G1-, Date Number Amount Purpose 'env � F, O i N A 5 S Y J6 0 URBAN LOT RECORD Parcels covered by same homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS STREETS Level Sidewalks Asphalt High Curb.G Gutter Concrete Low City Water Brick Sanitary Sewer Gravel DRAINAGE Storm Sewer Dirt Good -Fair -Poor I Nat'l Gas with alley LOCATION ZONING OR USE Corner Lot Residential Commercial Inside Lot Dbl. Bung. Industrial Multi- Family General Desirability: Good Fair Poor Other: LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Figured Average Depth Unit Price Unit Front. Percent Ft. Price Top. Intl. Total Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalised, 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 � 40% TOTAL 220 25000 14 7,Wq 71v!� 7-2000 1 ZTa 00 pq,7006 N 22.000 )2 0 SALES INFORMATI ON 22 000 Z, oov 11 KOO 1 ZOSOO 5 00 7.5-00 � SH Date N -fr tr' Consideration 132sod Kind of Inst. GRI/ co Remarks Contract for Deed held by: 1 . . ., April 2. 1992 L -4 PERSONAL FINANCIAL COUNSELING INVESTMENT MANAGEMENT INVESTMENT BROKERAGE GROUP INVESTMENTS Assessor's Office 4801 West 50th Street Edina, MN 55424 -1394 Re: Property I.D. No. 31- 117 -21 -41 -0067 &, 3yov /oZ Scr+/�ECrz 20 31-117-21-41-00-&+ 1992 Market Values 9z ; $ 13f1,3oo + Iyz,soo - 28'0,�ov bFf s� s/ s 131,9'0- +13S,8'490 : 2�7 boo Gentleman; I wish to strongly protest the increase in property values assigned to my two non - homesteaded rental properties in Edina. I know that we lhave one of the best communities in the State. however I doubt that it is the only city in America where investment real estate actually increased in value. As a non - homesteaded property my buildings are already penalized by the tax code which assigns a higher tax rate and utilizies a higher percentage of property value in determining the actual tax assessed. Because of these facts, there is ;no justification for attempting to assign a market value which may or may not reflect the market value of a homesteaded property occupied by an owner occupant. Even in commercial /industrial real estate it is understood that an owner /occupant purchaser might pay more than a normal investor for a given property due to personal desires: that. does not establish a legitimate market value for that Particular property. This is also true for an investment property which is residential. We have received market value reductions of 10 %+ in 1990 and 1991 from Hennepin County for our other residential buildings and the 1992 Market Values are being reduced by an additional 6 %. Even these significant reductions do not acurately reflect the loss in value that occurred due to the 986 Federal Tax Act. These lossesJn market value are real even though most current owners are holding their properties rather than recognize the loss through a sale. My two buildings have an investment market value of less than their current mortgage balance making it impossible for me to sell them and recover any of my investment. The loss on such a sale is of limited value since federal regulations only allow a $3,000 write off per tax year of the loss. Thank you for listening. I request that at the very least the market value of my buildings be held at the payable 1992 level rather than trying to develope a value which does not truly reflect the dollar value as a real estate investment. Sincerely, Ke neth A. Gere 5900 SCHAEFER ROAD • EDINA, MINNESOTA 55436 • (612) 920 -3890 i RESIDEN71AL PROPERTY RECORD AND APPRAISAL CARD TREET ADDRESS 4601 Arden Avenue ASSESSMENT DIST. SCHOOL DIST. NO.," %' r BLOCK 11 W - 3 LOT A RWAY SECTION ADD. COUNTRY CLUB D S BUILDING PERMIT RECORD Date Number Amount Purpose i f 7 3.22 - _ . 2a., Sa,7riot to — &C- e" URBAN LOT RECORD rarccu cu.c cu uy TOPOGRAPHY IMPROVEMENTS STREETS some homestead. Level i Sidewalks 11 Asphalt List parcel numbers. Low with oil OR USI nside Other: LAND VALUE COMPUTATIONS — ASSESSMENT SUMMARY ........ ♦Aet.ial nt- trt:. Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. /r0 7 ASSESSED VALUES Contract for Deed held by: a t SALES INFORMATION Date Consideration I Kind of Inst. Remarks - _ ASSESSED VALUES TOTAL VALUE HOME- HOMESTEAD REMAINDER MAR %ET MARKET TOTAL Contract for Deed held by: a t F.` 2570: I c 26 13 n II II?�.a II II !1 N I I AL - Valuation [hanees Ie be enrerea to nel■ t•ne. ,eo•�..•. �• -• --- -- --- - --• - _ ASSESSED VALUES TOTAL VALUE HOME- HOMESTEAD REMAINDER MAR %ET MARKET TOTAL FULL VALUE FULL VALUE OF LAND STEAD YEAJIRVALUE OF VALUE OF MARKET OF LAND OF AND 25% �a� TOTAL LAND STRUCTURES ( VALUE STRUCTURES Yes He STRUCTURES F.` 2570: I c 26 13 n II II?�.a II II !1 N I I AL - L -5 q -.�3 - °� April 21, 1992 Assessors Office 4801 lest 50th St. Edina, MN 55424 °e-F• PIO x'18- 023 -24 -12 -0173 Property Address: 4603 Arden Ave. To Whom It May Concern: I would like a reconsideration of my dramatic increase in my 1992 market value to $290,300. I purchased the property less than one year ago - July 1, 1991 - for $275,000. The house was a complete pit - the market value should not be more than the purchase price. 117036 G The market value for 1992 was $245,0170 - an increase of my market value of $45,000 is totally unjustified. Reconsideration of a more realistic 1992 market value of 90% of the 1991 sale price of $275,000 would be $247,500 - this is a realistic 1992 market value. Thank you for your time and courtesy. Sincerely, C M , - �J� C. K. Weber PROPERTY RECORD AND APPRAISAL CARD 4 _ STREET ADDRESS - -- . 917 Eden Avenue --- -- - ___ —. -- ----- _ --_ -- SCHOOL DIST. NO. 273-1 TRACT A REGISTERED LAND SURVEY #1501 , _ _ BUILDING PERMIT RECORD — 14 Date Number Amount Purpose MAR 14 ASSESSED VALUES MARKET MARKET TOTAL P 11 FULL VALUE Ff 1'1-1CC1el -t fl!\ rrF T. -• j j 1 /J. ,.15.87 %- OS G.S ouo /cntOa Sa/ia LNG 4 ♦DN MARKET 77-8 % %• /S �. pS /O..o �•n N/ %lESr�ruRrl n. r- Rf N%a(?J C.•.vsT. HOMESTEAD URBAN LOT RECORD Parcels covered by some homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS STREETS Level STRUCTURES Sidewalks Yes No Asphalt (i) 40% High _ Curb G Gutter 7776a Concrete Low City Water Brick Sanitary Sewer Gravel DRAINAGE Storm Sewer Dirt �i lOa I - i/ _ C<� Good - Fair -Poor - -- - - LOCATION - -- Not'I Gas - -- w-ith alley - -- - - ---- - - - -- - - - - -- --- - - ZONING OR USE - - -- - -- - -- Corner Lot Residential Commere 0 /%� Inside Lot Dbl. Bung. Industrial 19k3 9 -l% %oo Multi - Family General Desirability: Good Fair Poor ,l c nod Other: -7�1 re LAND VALUE COMPUTATIONS Frontage Average unit Unit Front. Ft. Top. Intl. Total Fiqured Depth Price Percent Price Contract For Deed held by: c� Remarks UW 14 L m ra MAR • 14 • MAR • 74 MAR 14 ASSESSED VALUES ASSESSMENT SUMMARY Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. ASSESSED VALUES MARKET MARKET TOTAL FULL VALUE FULL VALUE TOTAL VALUE OF LAND HOME- STEAD YEAR VALUE OF VALUE OF MARKET OF LAND OF AND HOMESTEAD REMAINDER TOTAL LAND STRUCTURES VALUE STRUCTURES STRUCTURES Yes No 25x6 (i) 40% I? Iz- r,�,,. 7776a 34'2_ �!_' �i lOa I - i/ _ C<� /%� 19k3 9 -l% %oo ,l c nod ror L5�r/ -7�1 re 1� _n ieiK-7 307000 40-7 000 ? 000 lYgg - 317000 745- 4,9, / 062 Gdo ?f ?t-7 o00 �- �i `600 / ll.$, ,/r'0 .Q 7o -� 63 :3 `7 ) s l I L I 't 00L fr l t�2� -GIG I� - -- - -- - - -- -- - - - - j PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 4 917 Eden Avenue SCHOOL DIST. NO. 273 -1 TRACT A REGISTERED LAND SURVEY #1501 BUILDING PERMIT RECORD YEAR 14 Date t BUILDING PERMIT RECORD YEAR 14 Date Number Amount Purpose MAN • 11 ASSESSED VALUES HOMESTEAD 25% REMAINDER @ q0% TOTAL 97 I2 7600a a3 oo IM �'ZS'8'� iC- �,S (vS OOa RMOL $N /L IN p ♦Dn -Q OLOJ NlT - �•a7 -$7 k•/SG 65000 02 / +r v/ Resriruaw/..r- Ri /+aLol C..r r URBAN LOT RECORD Parcels covered by same homestead 3 g gp TOPOGRAPHY 11IMPROVEMENTS 11 STREETS Level High Low LOCATION 1� ZONING OR USE Corner Lot Residential 1 11 Commercial Inside Lot 1 11 Dbl. Bung. 1 11 Industrial I T LAND VALUE COMPUTATIONS Frontage I Average Unit Unit Front. Ft. Top. Intl. Total Figured Death Price I Percent I Price 9 ,555 1-11 P0'1 :_ ", J Contract for Deed held List parcel numbers. 11M1 YEAR 14 • MAR 14 • MAN lA MAN • 11 Lm6 q I: 10 -79 ► %VA' _ ASSESSMENT SUMMARY -1 %ENT 38195 Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. YEAR MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES TOTAL MARKET VALUE FULL VALUE OF LAND FULL VALUE OF STRUCTURES TOTAL VALUE OF LAND AND STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER @ q0% TOTAL 97 I2 7600a a3 oo IM 449$ao T)6om 129RO�l G 2 qq. oo 3 g gp 00 / l 00 _ I Si .2 7 o - Z Lo G) _ 100 ,I?k3 1A7?j'O,I39Aa00 16 U1o0 I 0 000 0 00o S- omo 9f< 290 coo 5�0 000 too-o .5R'/ 19 G g0000 Gv 00o SL /oom0 r/ 19 K 31 0oo 4&,71 Ooo 000 sGt _ _ y 3►7aoo 7q5' X06 / V41 Lao L� CG (6- 43 !f l ooe ff ifOO 1 /G8 v0 •R ro s� 63 MULL31 1 I 199P 1, 11 A Ann 'FROM RASH 6 ASSOCIATES 4.24.1992 10:28 L 6 HASH & ASSOCIATES P.O. Bux 1000 4601 Aawlatc Ad., Suito 100 Howlaa, loxes 75088 Flowietc, Taxas 75000 ( ?14) 475 -5555 Fax 12'141475-3131 April 24, 1992 A93o3oorlo offioo 4801 West 50th ST Edina, MN 55424 -1394 RE: Perkins Restaurant 18- 028 -24 -32 -0023 Dear Sirs: Please accept this letter as our formal protest of the 1992 pay lyyj value placed on ' the above rereretic:ed parc:cl . Based on Mar- shall & Swiftlo 1992 guidelines, replacement cost on a family restaurant of this size and class with 223 depreciation, based on an effective age of 13 year3, would yield a building value of $672,999. Please note also, that sales at this location are down and over- all store lauvUlu Is duwil, which indicates a possible economic decline. We fool, at the very least, more depreciation Rhould be applied to the building. We appreciate your time and consideration in this matter, and your accepting this letter ac protest in lieu of our personal presence at the Board. Please review the value on this proper- ty and make any reductions you feel are necessary. Thank you. sincerely, Chris Williams oa: Kathy Baker, Perkins Restaurants Total Property Tau Management - Commercial • Industrial - Petroleum , utilities L07 G�3db UN, ^^, �+5s�ssoca 0�� R.a.: ��•� =a. No . � �� -oz�- zy �t3 -oo�0 ; 5'3ZV O okSio.�h PtivQ . � o,,...� rtt... sue- � �1G-• �o.�e.�,\ o�,� 1 � - 0 2� - 'z� - y 3 - e o tdo . P l •to�.� opt c,,ae �- �. ors �.�'+�,o�e• c�.`�.g 1..b %. 1°1°x. � �t�� . Nor; � c�,�d. S a.vwo,w� 2� \�i9�. . T1,.�,•4- �a� � i �o�,..�i Q.,o o. ,tw.a►,.�.a�- vc -Vxa e b A \ � s,-\00 N ox-m., \ Aq of a,cu-t- .�\.a ac�v�a1 tw�a.rk�� v 0.�� s ttaau�aw►bl� v.�l+...a� � .� 1 SCo,100 • S ay. � 1�c,a� @ �P 1�•. TC o•+r. :�,...4.ev Q4: �t� � �- 1S �.�•c tong � C oKi %..\LL OM cw.-&t5. _ to* 4. 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MaJ►a��a1o� waRl�....� o�• � \S(,,�o0. �l�..i r� o.,.d_ fi-�.o�. 1 °�tNo. `aa.�.�oe -�-• ar , *-A W At SSASC r t ct CAT IS , 4J111.a'"' 12. S30\ oovk � h Oi2S 5 -b""+"- 3. SS31 p aK"V. tOo°t 1-731\00 �{ -toil j QwLc9 -- \q�lo �or 3 bV� i*X-A:,A - v.0.404- a.► . r1d1e 53oy Is CL;lA&__cw%. -ov. �itst �Go�co�4 -�w�fi. o� vacy ,wr,�i.tis4Q9'� O 0. Ly �l 3 �.4 �ata w0.0 W:& 0.Vd:.�a`W� O`- i v re +e.9_'tti., o,� ♦ac,cs . tta_e.m -cas , Z� •e :3a. fi.:.^ V-av*& A% 4 r2 ley�C. �.- n{u,Q.,�.� M•.s.:.v A •t�.u► �.f�4 CL Vt, 4L-q .4% A - - - -- - ------ C) a o,.L Q) C) -7\ Q(n Ir 14 \:71 � - 2S 0 0 -Ct4- -9 k. N ik • `k w Z •tti. *t4- A C- 460c M. 4161 sQ0.c41 � w� 1.�.s.s �.�.,,. Zoo s �� . � i} i s u�•�oa;n o.�•9. u�•�+ta.a a�.A. •�o ?A, % C.A.. Aa��.l e,ap�aval �co a�•9• r,. CA6U 4%W% NQL jf ocw. 1.�,o ate• ,�,,.� boo �k — �4- 'Eo �.a.v.�i o� 1p C. a 'pow. h CVV%&4 " a r-%*s�' \O ,C9 0 cw� Aw%aAk&-.r 4tV. k*%S c% 4ftft �•�¢�co�w..s CAQ- * 11ti► our..:. iowa� vu_c�al sA� Psi cs, cw.o�ke�► cw•� o (D O -�O * k0 000 -�1^,�sui . , }w o baa coon. �� 5,,. v►A �.�+•�c1�. � c Q�4.va�' she , ow•�- Y..r� �e�.7� mot- a4 ve��o�e� �tis� gbh � Asstsyoc� ar• tw•eo� db fi•+�zt caw�panaJdls ev, %.. SS -e SSor 5 CSVr Vfk4L0 0.x . , 'k o4 1ao. �ra�rr -R Av�Q o,c'�s •��' va�a � - o.�� .� AL I to� itsrw% -�-Nw-� ou*4 �V.-A. = d .mot ��S•02$- 2y- `i3-c�o�o . ,. '�' _ `; _ � ,; /: _.. =�: -(� _. �"�' y� ✓.fir.. L% � '` c ' j';��u/ /= =�.�` r S' DENTAL PROPERTY RECORD AND APPRAISAL CARD S EE ADDRESS 5504 Kellogg Ave. ASSESSMENT DIST. SCHOOL DIST. NO. O; LOT 2 BLOCK ADD. SOUTH HARRIET PARK Date BUILDING PERMIT RECORD Amount Purpo ir- i URBAN LOT RECORD Parcels covered by TOPOGRAPHY IMPROVEMENTS STREETS some homestead. Level Sidewalks Asphalt T� List parcel numbers. Lot ZON LAND VALUE COMPUTATIONS Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Infl. Totq G q,(j,.,`a .,.., . �% .t�t., .da O �, .. [ t, r - , t2 , -a t -- ASSESSMENT SUMMARY of Inst. Contract for Deed held by: L•8 �� sil4i4L�1 �b111 ?r11� —� 11 I `;Iar IA —I I�I �eN t In,o�c�9s —°_i's- - 6�� ^'i' f G q,(j,.,`a .,.., . �% .t�t., .da O �, .. [ t, r - , t2 , -a t -- ASSESSMENT SUMMARY Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. YEAR MARKET VALUE OF MARKET VALUE OF TOTAL TOTAL VALUE FULL VALUE FULL VALUE HOME- ASSESSED VALUES i LAND STRUCTURES MARKET OF LAND VALUE OF LAND OF AND STEAD HOMESTEAD - REM � ER STRUCTURES STRUCTURES Yes No 2510 —,r. 10.0 — -TOTAL Od0 �.'�..v 7Xe1UU �� sil4i4L�1 �b111 ?r11� —� 11 I `;Iar IA —I I�I Cite := ssessor City of Edina 4,801 `.; est 50th St. .diva, Mn. 55424 -1394 Clive L. Harris r rn� Kellogg Ave. Edina, I, -.n. 5'5424 i received icy 1992 Property Valuation Notice, and a-r riting this letter to request reviewal of my _rolcerty. pane raulus of Edina Realty, did an appraisal of my hone in ure , 19e9. - -t t"is tine the valuati cn w= s ,-ucted �t ::,14E.00. T spoke to Lane today, and she s� rrcFer +,� _._ ^v rep. ^as not chgnFL ed. r Y. -r. Lnderson fron Your Office reveiwed my property i,s year, and There certainly hasn't been anything done to cause such a drastic acceleration in :iy valuation. i would appreciate a reviewal of my property.:lease telephone me at 926 -2373 and we can make arrangements- Sincerely, _ L a n nlrnnn �'� Log Frontage Fi ured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. Total Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. ... vfett MARKET vewE of MARKET VALUE OF TOTAL MARKET FULL VALUE FULL VALUE OF TOTAL VALUE OF LAND HOME- STEAD _ VALUES av+ . .2i -9L ___. _— _ASSESSED HOMESTEAD REMAINDER — IOTA SALES F RMATION Date onsideration Kind of Inst. Remarks 199" 7 LAND S STRUCTURES I I VALUE O Or L.- S STRUCTURES S STRUCTURES Y Yes No 2 25% ( (q) 40% 4 4L 7 2 qw 1 100 s sr �C- a av+ . .2i -9L SALES F RMATION Date onsideration Kind of Inst. Remarks -) 3 v v C, Contract for Dee filld by: - II - -- d it i i ` JANUARY 2, 1992 CITY ASSESSOR 4801 W 50TH ST EDINA, MN 55424 612-927-8861 MARY JR-KINGSTON 15 WOODLAND ROAD EDINA, MN 55424 - ,. LE �� tlk . , ^ W REAL PROPERTY ASSESSMENT VALUATION NOTICE CITY OF EDINA CORRECTED NOTICE PROPERTY I.D. 19-028-24-13-0018 ' 1992 MARKET VALUE 435,000 CLASSIFICATION 1A PROPERTY TYPE RESIDENTIAL 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 27. ITS DECISION MAY BE APPEALED TO THE COUNTY BOARD OF EQUALIZATION JUNE 15. tl '°'. ' zz— RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD ' STREET ADDRESS 5601 Park Place ASSESSMENT DIST. SCHOOL DIST. NO. 273 Id 3 LOT 4 BLOCK 1 ADD COLONIAL GROVE SIXTH BUILDING PERMIT RECORD Date Number Amount Purpose ? / - /.7J• JrJr L y��, %loo V.r.cc •- t/ URBAN LOT RECORD Parcels covered by TOPOGRAPHY IMPROVEMENTS 11 STREETS same homestead. Level I/ Sidewalks V➢ Asphalt I ✓ List parcel numbers. Gas nside Lot OR LAND VALUE COMPUTATIONS Frontage I Average Unit I Unit Front. Ft. Top. Intl. Total Figured Death Price Percent Price Date Consideration I Kind of Inst Contract for Deed held rks LAO PLAT NO. 74725 lut tt I 1 �'` •e / � �___ ��__-._'__ �_ � wee s - —- a- � —._ - -.— _ ASSESSMENT SUMMARY 6� }\ \ Valuation ehonges to be ewtered on well I.ne. Iwd.core rear end oulhor.11 Assessor. f.nol [auol.ied. 'Abatement. elf. ASSESSED VALU • TOTAL VALUE 110M[- MARKET MARKET TOTAL full VALUE FUL ALUE OF LAND STEAD HOM[STEAD REMAIND[R f[AR VALUE OF VALUE OF STRUCTUR[S I MARKET VALUE OF LAND UR[S •AND STaUCTUF:fS YCS No 2S °; 4►) 4010 LAND / 4S i $ '66,300 Jr.1700 �(� r UL4 600 o'1ol- DC.- � X300 / GD, I dock 4rS30 19370 2 0 ' I Z •- e G - 2 06 ?-15800 z. Z106 a �2,9 '�� LM 1® January 28, 1992 City Assessor City of Edina 4801 W. 50th Street Edina, MN 55424 Dear City - Assessor: My 1992 Valuation Notice shows an increase of 3% over my home's 1991 market value. My property was visited last year because of my concern over a 10% increase over the previous year. Later, I received a report that the 1991 valuation would stand. Now, I question a 3% rise in market value for two reason: 1) If what I read in the papers is correct, market values have gone down, and 2) 1 found last Fall that the exterior of my house is deteriorating. I opened a storm window and the bottom fell off of it because of dry rot. On closer inspection around the house, I find that all my shutters have to be replaced, dry rot is prevalent on trim, siding, and window sills, and on most of the storm windows. These deficiencies I suspect would affect the market value of my home until they are replaced /repaired. I will not be able to have this repair work done until 1993 or 1994. Perhaps you could arrange to reinspect my house with particular attention paid to the exterior condition and how it would affect its market value. Since ely yours, Kimball. C. Cummings 5601 Park Place Edina, MN 55424 926 -3234 ; 1 Ly ,U -r. mai.cF�r ann: y.As. vas r � �,vo Gls cvssCt v►�� UES _kC. Ar4t t'1 wept( lay.; go (r= sa�/ L'...';_.� . ".1� +,•,, -,._p i ttK N n'G 5"'M4.E: 1ri1Wt'R7' /rol eL /� T� �q •a G' YIRG �F t It r: rl w 2�+� Competitive MarketAnalysis &Personal Property - M arketing Plan Prepared Exclusively For Address Date �2't -�� /� Prepared by ItzAas 1 Edina Realty is a -Metropolitan Financial Company. 13 MU Q ER 31 OA (12)91) Area Market Survey PILIte 0 d :3 MY 1� Edina Realty is a Metropolitan Financial Corporation company. ER 310M (5/88) va 0, — —< — mss' -,! vv 7TREE SIDENTIAL PROPERTY RECORD AND APPRAISAL C ADDRESS 4708 Golf Terrane ASSESSMENT DIST. _ _ __ SCHOOL DIST. NO. __ LOT Pt Of Lot 1BLOCK 2 ADD. GOLF TERRACE 'HEIGHTS BUILDING PERMIT RECORD Date Number Amount Purpose URBAN LOT RECORD rarcels covered by some homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS STREETS Level �,�:�I� Sidewalks Asphalt High Curb Fr Gutter Concrete Frontage Low Unit City Water Front. Ft. Brick '- -quo ►ion changes to be entered on nett line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. Sanitary Sewer 0/0// Gravel DRAINAGE Storm Sewer Dirt Good -Fair -Poor Nat'l Gas with alley Figured Depth LOCATION Percent ZONING OR USE Corner Lot Residential 1 11 Commercial I yN F LI I 7544n _ o �'hr I : I 14f- -10MEW - 112"'MORRIAMEM Remarks MO. im-MV1197'e"01 on ► • I- ®I Contract for Deed■iiliiiflt�I�)�rw�;� -[r1r..��•[.�.i�- ASSESSMENT SUMMARY �,�:�I� LAND VALUE COMPUTATIONS Frontage Average Unit Unit Front. Ft. '- -quo ►ion changes to be entered on nett line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. i/11 TRI1021 0/0// Top. Intl. Total Figured Depth Price Percent Price ASSESSED VALUES MARKET MARKET TOTAL FULL VALUE TOTAL VALUE VALUE OF VALUE OF MARKET FULL VALUE OF OF LAND STEAD STEAD HOMESTEAD REMAINDER LAND STRUCTURES VALUE OF LAND STRUCTURES AND Yes o N 25 Sit 40% �� TOTAL STRUCTURES . bC� C� 1dSbOC �'hr I : I 14f- -10MEW - 112"'MORRIAMEM Remarks MO. im-MV1197'e"01 on ► • I- ®I Contract for Deed■iiliiiflt�I�)�rw�;� -[r1r..��•[.�.i�- �,�:�I� ■■ 11 1 i/11 TRI1021 0/0// ~ .^ - -' �l Lol I � / /��. COMERCIAL PROPERTY RECORD AND APPRAIS /l CAkD 75510 `� 1 _... PLAT NO - - -- - - - - -- - -' Total Petroleum, Inc. DENVER PLACE NORTH TOWER 999 18TH STREET. SUITE 2201 DENVER, COLORADO 80202 -2492 JACK P. HANNA PROPERTY TAX REPRESENTATIVE April 20, 1992 �2 3 L -12 TELEPHONE 303 291 -2564 MAILINGADDRESS P. O. BOX 500 DENVER, COLORADO 80201 -0500 City of Edina Assessor 4801 West 50th St. Edina, Minnesota 55424 -1394 RE: Local Board of Review Appeal Address: 5401 France Ave. S. Edina MN Parcel No: 20- 026 -24 -22 -0045 Dear Sir /Madam: Please accept this letter as our official appeal of the 1992 Market Value of the above referenced property. The basis of our appeal is that this property is suffering from environmental contamination due to the presence of petroleum products in the ground. Based on research conducted by our company and other sources it has been estimated that the minimum 11cost to cure" or "cost to contain" has been established at $210,000. It is our contention that this damage has caused a loss to the market value of this property. Based on this information, we request a reduction in the value placed on this property for 1992. As you will agree this type of damage will adversely effect the market value of this property. It is customary in the industry to deduct or "hold back" the estimated cost to correct this type of damage from any purchase price when property of this kind is sold. Therefore, a lump sum deduction in value is appropriate until such time the contamination is eliminated or contained to a degree that is in accordance with governmental regulations. In the event of an adjustment in the valuation of this property, we will be in continuous contact with your jurisdiction in order to - inform you -when the necessary clean -up has been completed so that the value can be returned to the appropriate level. As expected documentation of this type is quite extensive; therefore, it can be supplied at your request. This issue has been well documented in recent court cases in several states. It appears to be the consensus of these courts that properties that are exposed to this type of contamination suffer from reduced marketability and hence, reduced market value. Thant: you for your time and consideration. In the event there are further questions or concerns, or you require additional documentation please do not hesitate to contact me at 1- 600 -525- 9091, extension 2564. Sincerel , Jack P. Hanna L. J v PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS __3460-369"�ZOIH_ST- 3469 -3689 W. 69TH frTk6oi DIST. NO.._ 273 -1 TRACT B REGISTERED. LAND SURVEY N0. 1 Date I Number Amount Purpose - -_ I 11006r.01 lS"o000 0,U-J, STEGJAr?rS – TEd FiN 2 -9/ q/oo YoSey /7 Oo0 LIEeiowwr's 2mot_ Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. YEAR YEAR MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES TOTAL MARKET' VALUE FULL VALUE OF LAND FULL VALUE OF STRUCTURES TOTAL VALUE LAND AND STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER Cy) 40% TOTAL 0/ S,.b z G PLAT NO. _ ..__....._.04Z6 i • 13' Ga%%er+ 4 6cxLbarl Covrm ea- t y fo hhee� 4 a& SID LV e S4 70� Sf Divinowb. 4 92 -d/n q LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. Total Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. YEAR YEAR MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES TOTAL MARKET' VALUE FULL VALUE OF LAND FULL VALUE OF STRUCTURES TOTAL VALUE LAND AND STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER Cy) 40% TOTAL 0/ S,.b z G 8 O I Pouf' 9 C SALES INFORMATION Date Consideration Kind of Inst. Remarks Contract for Deed held by: COMMERCIAL FINOPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 3501 West 69th- Street_ -. I& SCHOOL DIST. NO. TPACT: C, 16 -i " --'- - I —0-i APR is L -73 - -- --- ASSESSMENT SUMMARY --Uiiif— Fron Abatement, etc. Frontage Mercii * Top. Infl. Total valuation changes to be entered on nc%t line. Indicate year and authority Assessor, Final Eourthicd. Figured Depth Percent Price ASSESSED VALUES TOTAL VALUE HOME - 'r a '3 off c 5� -7 '1 CT W jN L: LAND Y_e,, I MARKET MARKET ET TOTAL FULL VALUE FULL VALUE OF LAND STEAD HOMESTEAD REMAINDER -7 di 'I 12E,2ui ero JAR VALUE OF VALUE OF MARKET LAND OF AND r P IFFEe EVCE -5-, 0 1 C-71� S'11, 7Y.55' L� Av)p LAND STRUCTURES VALUE OF STRUCTURES No r) 40% I$TRUCTURES yC% k. JK 00 LIGXZ 91?011-5',3&o 411 A -7 er 3 NI Date Consideration Kind of Inst. Remarks I r. Contract for Deed held by: T�),t L. 1 76 Pe. /j A, C1 I t-1 q: r_ _1-7 11 75 F -T 7 7 r- P7 C5 TOTAL I A L L -13 Gabbert & Beck 3510 GALLERIA, EDINA, MINNESOTA 55435 (612) 925 -4321 April 28, 1992 City of Edina 4801 West 50th Street Edina, MN 55424 ATTN: Board of Review RE: GALLERIA AND GABBERTS PROPERTIES Dear Sirs: I request that the assessed market value on the above captioned properties be reviewed. Actual costs to construct and remodel the above captioned properties indicate a lesser value. Sincerely, Warren Beck President FAX 612/925 2965 VTPROPERTY RECORD AND APPRAISAL CARD REET ADDRESS 41 +43 Garri son Lane ASSESSMENT DIST. SCHOOL DIST. NO. _ 7 7% LOT BLOCK W5 _1 ADD. "LC. 3Q, TWP . 28, RGE. 24 BUILDING PERMIT RECORD Date Number Amount Purpose r _ i ASSESSMENT SUMMARY LAND VALUE COMPUTATIONS __ Frontage Average Unit Unit Front. Ft. Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, 0c. Figured Depth Price Percent Price Top. Infl. Total ASSESSED VALUES URBAN LOT RECORD Parcels covered by same homestead. List parcel numbers. TOTAL TOPOGRAPHY IMPROVEMENTS STREETS Level 11 Sidewalks 1 11 Asphalt Hiah 1 11 Curb L Gutter 1 11 Concrete lqgl Good - Fair -Poor Nat'l Gas I U with alley LOCATION ZONING OR USE Corner Lot Residential 1 11 Commercial Inside Lot 1 11 Dbl. Buna. 1 11 Industrial PLAT NO. _ 73 41 _ ASSESSMENT SUMMARY LAND VALUE COMPUTATIONS __ Frontage Average Unit Unit Front. Ft. Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, 0c. Figured Depth Price Percent Price Top. Infl. Total ASSESSED VALUES MARKET MARKET TOTAL TOTAL VALUE HOME - FULL VALUE (FULL VALUE OF LAND STEAD YEAR VALUE OF VALUE OF MARKET OF HREMAI NDER GF LAND AND TOTAL LAND STRUCTURES VALUE STRUCTURES Ycs No 25 Ip q0% STRUCTURES lqgl i `l 1 SALES FORMATION Date onsideration Kind of Inst. Remarks (� . t -700 1997 8DO 4160 0 9'6 OT Contract for Deed held by: 6210 C 36300 lofwe) ,.L). -14 j1` C" �-`�— 4 -30 - i2 April 28, 1992 City of Edina 4801 West 50th St. Edina, YN. Attention: Members of the Board of Reviewal I am writing this letter to protest the amount of value assessed to 4443 Garrison Ln. It is now at $105,000 and I would like it reduced by $10,000. About three years ago, an assessor named Kathy increased the amount of value to this property by about $31,000 because of an addition which cost us about $12,000 to build. After she looked at the addition and also the rest of the property, she lowered the value 6,000. I did not think that was enough of a decrease, but accepted it. She also agreed to reassess the rest of the block,within'the next year. She did not, and still has not. The following year the assessed value went up $6,000 or about 6%. I called to find out why and she said she thought this was fair. I did not. I missed the.Board of Reviewal by one day that year and I wasn't told I could write a letter stating my case. In my opinion, this block is still way out of proportion with the 93 percentile the assessors say they try for. ,1'he reason for asking for a decrease is.because this property is the only residence on the street with an unfinished basement. Contractors want between 5 and 10 thousand dollars to finish it. There is an area of flat roof in need of replacement of approximately 4 squares. The cost will be about four thousand dollars. The living area has a peaked ceiling, with 2 x 4's for rafters, not allowing enough for adequate insulation. This would be about $5,000 to repair. The thermopane in the sliding glass door is leaking causing dirt between the glass. To have a new one installed is one thousand dollars. ihere is about 400 square feet of cement that is eroding badly. To replace this i-xx _d be about $1200. Approximately 2 squares of siding need replacing at a cost of $600. The exterior trim is in much need of paint, costing about $1,000. The landscaping is old and many of the ties are in need of replacement, also much of the shrubbery needs replacing at a cost of approximately $5,000. The furnace, air conditioner, water heater and water softener are all 22 years - -or nore old.- These are -just some of the things -that need repair or replacement to make the,place saleable. Using contractor prices, it is considerably in excess of $25,000. I feel I,amm bbeing assessed percentage wise, much higher than my neighbors to the East��35 Garrison Lane) and therefore ask for this decrease in our assessed value. I included pictures (not very good) of some of the conditions, Sincerely, Kevin Kurth - — -1 s I —L. Gi ^ deLrY - rya v [ JI Y .vr ..djW . 11 ES'DENTIAL PROPERTY RECORD AND APPRAISAL CARD REET ADDRESS 4605 Browndale Avenue _ ASSESSMENT DIST. SCHOOL DIST. NO. LOT -1 BLOCK 12 ADD. COUNTRY CLUB DISTRICT BROWN SECTION a G — lip` BUILDING PERMIT RECORD Dote Number ju Amount Purpose URBAN LOT RECORD Parcels covered by TOPOGRAPHY 11 IMPROVEMENTS STREETS some homestead. Level v Sidewalks Asphalt ✓ List parcel numbers. u::. �...� r_ r_..••s. r _..e•e i 1 A»t»MCIV I 3UMMAK I LAND VALUE COMPUTATIONS — '— luotion changes to be entered on nc�f line Indicate year and authority Assessor Final Equalized Aba em : Frontage _ Figured Areroge Dept Unit Price Unit Percent Front. Ft. Price Top. Infl. To 75- / 7 i MARKET MARKET TOTAL FULL VALUE TOTAL VALUE HOME- ASSESSED VALUES YEAR VALUE OF VALUE OF MARKET FULL VALUE OF OF LAND STEAD HOMESTEAD REMAINDER 25?' es No o % TOTA TOTAL LAND STRUCTURES VALUE OF LAND STRUCTURES AND Y STRUCTURES (rir40 �► 3 mo _ -- -- -- -- 0 SALES INFORMATI ON IqIZ 114300 221,S06 0e 4 _ Consideration Kind of Inst. Remarks 4,7', 0 In 0 619 X600 (z) Al ►-s o n - - -- 1 1 Contract for Deed held by: 4 -a7 L° 15 Ralph - Peterson Assessor -Edina Dear Sir, I would like a review of my tax assessment. I feel my home's market value is under $400,000 as I have had an appraisal done that reflects this value. The current market value for tax purposes is $495,000. I have had other Realtors do comparitive market analyses and I believe in a declining market my home is over valued. Thank You, Norma Kavanaugh 4605 Browndale Edina, MN 55424 Tel 922 -4830 Although this appraisal was done in 1989, I know that sale prices have substanially decreased since then. I would be glad to provide any other information you may need to make a fair appraisal. Valuation section ..UNIFORM RESIDENTIAL APPRAISAL REPORT liqIe Np. III Firnne t e t . vmw ap ucnncu m min 1rtltlmtz1i1Un or ofalemenl BUILDING SKETCH (SHOW GROSS LIVING AREA ABOVE GRADE) x Fgddja 01 Limiting Conditions. ESTIMATED REPRODUCTION COST- NEW -OF IMPROVEMENTS: b Mx or Fannje Atae. 0,- poly ,9 Wee rcpt CatutakonS and cost approach C,mT nt5 in In* ,prrLro Dwelling 3615 Sq. Ft. ;?. $ 95 - S 343425 So. Ft. 2r $ — Extras Rec room, game room - 7400 2 fire laces - 4500 First floor: 1648 Special Energy Efficient Items Second f loor:1621 Porches. Patios. etc. patio, pool - 15000 Third floor: 346. Garage /Carport 440 Sq. Ft. 41t. $ 15 6600 Total Estimated Cost New ................... - S 376925 Total 3615 sf Physical External IFunctional I Less Depreciation 94231 10000 - -- 5 104231 • Depreciated Value of Improvements ............. - g 272694 Site Imp, "as is- (driveway, landscaping, etc.) - S 5000 . ESTIMATED SITE VALUE ........................ - S 125000 (V leasehold, show only leasehold value.) INDICATED VALUE BY COST APPROACH . - S 402694 (Not Required by Freddie Mac and Fannie Mae) Construction Warranty LJ Yes IX J No Does property conform to applicable HUDNA property standards? ❑ Yes ❑ No Name of Vilarranly Program M No. explain Warranty Coverage Expires The undersigned has recited three recent sates of properties most simiiar and proximate to subject and has Considered these, the motet onalysre. Th^ ^� .._..._ . ^ -„y,� a d: ^,• aTpatmem, renectirq market reaction to those apms of significant vanation betvueen the subi" and comparable properties. It a sipnilicant arm ;n tin r•.•lv �s sir, �r� ^. lo. or more ljhorabfe thin, the subject property, a minus 1 -1 adjustment is made. thus reducing the indicated value of subject: if a sgnhcant Item rn tM fC ^• ^,r�!.Ir S ntn^pr In Or suss favorable than, the subject oropprty, a DNS (f) adjustment is made, thus increasing the indicated value of the subject. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE N0.2 COMPARABLE NO.3 Address 4605 4614 4608 15006 Browndale Moorland Avenue Edina Blvd Bruce Avenue Proximity to Subject 1 block 2 blocks 112 mile Sates Price S - -- JR11111111111111111111 $ 500,000 $ 111.11 M $ 545,000 1111 1111111111JI11111,'I'S 436,000 Price /Gross Liv. Area S - -- m $ 143.42 MITM111111111111111L 121.48 Data Source our files MLS /CRV MLS /CRV MLS /CRV VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION . (•)S Mitsiment DESCRIPTION (.Is mi,mi .^t DESCRIPTION - ..� A.•r!+r•! Sales or Financing - - Concessions o -2 -8 Conven closed Conven. closed Conven. closed Date of Sate/Time as 12-30-88 5-1-89 - - 88 2-28- Location ood good good average_ +25000 SiteNew, ood ood good _good Desion and Appeal good good good good good god _ og od Duality of Construction ood Age 63 rs 54 rs 61 Yrs _ 49 rs Condition ave /fair good -50000 excellent - 100000 good _50000 Above Grade TDIaj Bones r Baths Total r ad—*; gaals ; Total r 8dm s Baths TMAI B ?•+ r,••.., " 9 5 ' 3.5 Room count 10: 5 :3.5 10 5 3.5: 9 5 3.5 3615 Sq. Ft. Gross living Area 4500 Sq. Ft. -26500 3800 Sq. Ft. ; - 5500 3589 S. rl Basement & Finished Rec room Rec room Rec room Rec room Rooms Below Grade Game room ave/ god 10000 Functional Utility ave /fair ave/ ood - 10000 avel ood -10000 Heating /Cooling HW as FA as CA ; - 3000 HW as _- FA ga_s, CA - 3000 Garage /CamW 2 att 2 att 2 att 2 att Porches. Patio. Patio Porch - 7000 patio Porch - 7000 Pools. etc. Pool Special Energy Efficient Items Fireplace(s) 2fs i f s - 1500 2 fps 2 fps Other (e.g. kitchen - -- equip., remodeling) - -- --- Net Adj. (total) + x -'$ 98 000 E I + x - S 115,500 �xl Indicated Value W1, T- — .of Subject g 402.000 g 429,500 i ''c 391,000 - Comments on Sales Comparison: Sale 1: Larger two story in superior condition, 3 fireplcaes,_4orch. Sale 2: Larger size two story with totally remodeled and redecorated interior and exterior. Sale : Similar size two stor 'in inferior location of lower Priced 'DrODerty, central air. INDICATED VALUE BY SALES COMPARISON APPROACH - .�.,.� - . :::.::........ - - - c 400,_00 .... ............................... p................ _ ® INDICATED VALUE BY INCOME APPROACH (U Applicable) Estimated Market Rent $ /Mo. x Gross Rent Multiplier - g NA This appraisal is made ❑x 'as Is- p subject to the repairs, alterations, Inspections or conditions listed below El completion per plans and sreciricatipns. Comments and Conditions of Appraisal: See "limiting conditions" attached. PIN 18- 028 -24 -24 -0047 Final Reconciliation. Since all of the comparable houses are similar two story houses, the market • approach to value was given the most weight in the final value estimate. The income approach to value was not used as houses in this price range are seldom rented. This appraisal is based upon the above requirements, the certjlication, contingent and limiting conditions. and Market Value deli as tq srateo n ❑ FmHA, HUD & /or VA instructions. • ❑ Freddie Mac Form 439 (Rev. 7186) /Fannie Mae Form 10048 (Rev. 7186) filed with client 19 k attached. _ 1 (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE SUBJECT PROPERTY AS OF 9 -23 1g 89 t b S 400,000 I ft%t) certify: that to the best of my (our) knowledge and belief the facts and data used herein are true and co rec . (we) Personally In _cl mr :ubj ^ct property. both inside and out. and have made an exterior n of all comparable sales cited in this report: and that I (we) h j - th =rein. �� st, pre ;r,! �n orospect:w APPraiSer(S) SIGNATURE Review Appraiser SIGNATURE ��'I !'-? Did �cI NWE. Tom Camp el RM TPA (if 2nntin hlel - - -_ -- —.. ProptrtyDoseirlptlonA Analysis UNIFORM RESIDENTIAL APPRAISAL REPORT rue No. Property Address 4605 Browndale Avenue Census Tract 236 LENDER DISCRETIONARY USE Sale Price S Date Mortgage Amount S Mortgage Type Discount Points and 711,r Cepc =ssitns Paid by Seger S city Edina .County Hennepin State MN Zip Code 55424 Legal Description Lot 3. Block 12, Country Club District Brown Section Lg Owner /Occupant Norma Kavanaugh Map Reference 33 -4C sale Price s Date of Sale PROPERTY RIGHTS APPRAISED ® Fee Simple ❑ Leaseho!d ❑Condominium(HUDfVA) De Minimis PUD ., Loan charges /concessions to be paid by seller $ R.E. Taxes $ 8,495.92 Tax Year 1989 HOA $ /Mo. 0 Lender /Client New Homes Magazine 5500 Lincoln Drive Edina MN 55436 Attn: Janet Fisher Source LOCATION Urban .0 Suburban Rutal NEIGHBORHOOD ANALYSIS G,,, I", BUILT UP Fx] Over 75% ❑ 25.75% ❑ Under 25% Employment Stability K ❑ ❑ ❑ GROWTH RATE ❑ Rapid ® Stable ❑ Slow Convenience to Employment Kx) � E] El PROPERTY VALUES x increasing ❑ Stable E] DEMAND /SUPPLY g Shortage x❑ In Balance ❑ Declining Over Supply Convenience to Shopping Convenience to Schools _ L - 17 Lj ❑ U MARKETING TIME x Under 3 Mos. 3.6 Mos. Over 6 Mos. Adequacy of Public Transportarion Recreation Facilities [x J ❑ ❑ PRESENT LAND USE % LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING Single Family 100 2 4 Family Multi •famgy Not Likely ® llcely ❑ In process ❑Tenant OCCUPANCY Owner ® ❑ (�gl �) 350 Low 52 Adequacy of Utilities Property Compatibility Protection from Detrimental Cond. [x�1 ❑ W J ox , ❑ ❑ ❑ Cl ❑ [j Commercial To: Vacant (0 -5%) ® 625 High 64 Police 8 Fire Protection ❑ —1 ❑ ❑ Industrial Vacant (over 5 %) ❑ General Appearance of Procerfes X-1 _; j� , ❑ Predominant Vacant 1 450 591 Appeal to Market x� Nate: Race or the racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS: The subject is located in the "Country Club" district of Edina which consists of upper bracket single family houses built between 19257 and 1936, located just north of the Edina Country Club, 5.5 miles southwest of downtown Minneapolis. Highway 100 is 172 mile to the west. No negative marketing factors in subject s neighborhood. Dimensions 75 x 140 x 75 x 135 Topography Level Site Area 10,312 SF Comer Lot Size Typical for area Zoning Classification Residential Zoning Compliance x on Shape Rectangular _ HIGHEST 8 BEST Present Use X Other Use Drainage Good View Good UTILITIES Public Other SITE IMPROVEMENTS Type Public Priva 77 Electricity Q Street Blacktop ® ❑ Landscaping Average Gas x❑ Curb /Gutter Concrete ® ❑ Driveway Concrete Water © Sidewalk Concrete 0 ❑ Apparent Easements Normal Sanitary Sewer © Street Lights Standard 0 ❑ _ FEMA Flood Hazard Yes' _ _ 140 X Storm Sewer El AJley I FEMA' Map /Zone COMMENTS (Apparent adverse easements, encroachments, special assessments. slide areas. etc.): _ Normal drainage and utility easements. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION Units 1 Foundation concrete Slab Area Sq. Ft. 1648 R ,)n' C Stories 2.5 Exterior Walls stucco Crawl Space g, Finished 37% (3camn ❑ Type (Del. /Att.) Det Root Surface slate Basement full Ceiling plaster Wars _ Design (Style) 2.5 sty Gutters 8 Dwnsots. iron Sump Pump Wa!1s plaster Flne, ❑' Existing x Proposed Window Type hung Storm Sash x Dampness none Settlement in entry Floor carpet Outside Entry Neva ❑ Adem ;y ave :x Under Construction Screens x Infestation, none Ene'ov 5fi'c'cnl items: Age (Yrs.) 63 Manufactured House Effective A e (Yrs.) 31 Foyer Living Dining Kitchen Den Family Rm. Rec. Rm. Bedrooms r Baths Laundry 0 "rer Area So. Ft. x x ante _1648 rLevel x x x x x 1/2 1648 4 2 1621 1 1 346 finished area abore glade contains: 9 Rooms; 5 Bedrooms : 3.5 Be is): 3615 Square Feet M Goss Living Area SURFACES Materials /Condition HEATING KITCHEN EQUIP. ATTIC IMPROVEMENT ANALYSIS G0o0 Ava Fa, ! Poe, Floors Carpet, HW Type HW Refrigerator ® None ❑ Quality of Construction r] ❑ ❑ ❑ Wails Plaster Fuel gas Range /Oven ® Stairs ® Condition of Improvements Lf tic_] Z Trim /Finish Wood Condition ave Disposal Drop Stair ❑ Room Saes /Layout LJ Ixj E ❑ Bath Floor Ceramic the Bath Wainscot Ceramic tile Adequacy ave COOLING Dishwasher Fan /Hood x ® Scuttle Floor ❑ ® Closet's and Sttrrge ❑ jX] J ❑ Energy Efficiency EJ E] ❑ Doss Wood Central Compactor ❑ Heated c❑ Plumbing- Adequacy 8 Condition ❑ x� L ❑ all above items are i Other Condition Adequacy Washer/Dryer[]- Microwave Intercom ❑ Finished ❑ .Electrical-Adequacy 8 Condl;; x❑ (� �� n Kitchen Cabinets- Adequacy 8 Cond. U Ix- ❑ Compatibility to Neighborhood [ _ ❑ ❑ . avera a to fair cond. Fireplaces) StoTie • 2 CAR STORAGE: Garage kJ Appeal 8 Marketability ❑ IX2 ❑ r l Attached Adequate House Entry No. Cars 2 Carport ❑ Detached Inadequate ❑ Outside Entry ® Estimated Remaining Economic Life. .69 Yrs. Condition ave None BuiR -In ElecMc Door Basement Entry Estimated Remaining Physical Life 69 Yrs. Additional features pool in back yard. Deciree L'unctianaLaad extemafInadeggecies.- repairs needed, modernization, etc.): _ Physical depreciation due to age. Functional depreciation due to settled and_cracke ntr . The sub ect's interior is in need of complete redecoration and renovation_ General market conditions and or impact in area r mg Dori 1 sc -oumFini erest buyd own s and concessions: The subiect's area is a hiuh demand location. _ .iU -11 l- L1 -31- I jyL,a( � Z �� L. 16 40 - 029 =7 ` _ 1. -t,. i j r �. - -- +'• ' RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD 5116 Green Farms Road STREET ADDRESS -.— — ASSESSMENT DIST. SCHOOL DIST. N0. 270 -1 LOT 2 BLOCK ADD. 1?MN11000 'IMOTLC BUILDING PERMIT RECORD Date Number Amount Purpose HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER Ca) 40% TOTAL �LAND R M10 I WN 0 URBAN LOT RECORD Parcels covered by some homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS STREETS Level Sidewalks ��eoa Asphalt High Curb G Gutter Concrete Low City Water Brick ' F: , A W0. 1 �' Sanitary Sewer �I Gravel . Contract' for Deed held by: DRAINAGE Storm Sewer Iowa Dirt MAII��Il�I� Good - Fair -Poor � = Nat'l Gas with alley LOCATION ZONING OR USE Corner Lot Residential Commercial Inside Lot Dbl. Bung. Industrial Multi- Fomily 1 11 General Desirability: Good Fair Poor Other: LAND VALUE COMPUTATIONS Frontage Average Unit Unit Front. Ft. Top, Intl. Total Figured Depth Price Percent Price t4B.ZS .. 01? Win Id _We �n D 12 -5 -86 Df ;v "86 -0023 L ASSESSMENT SUMMARY Valuation changes to be entered on nett line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. YEAR MARKET MARKET VALUE OF MARKET VALUE OF STRUCTURES TOTAL MARKET VALUE LAND FULL VALUE OF STRUCTURES CT TOTAL VALUE OF LAND AND STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER Ca) 40% TOTAL �LAND R M10 I WN 0 "I low �9R'1 ��eoa •..� r, �_r MINN NOW R M10 I WN 0 "I low �_r l :. I , ' F: , A W0. 1 �' I-� �I . Contract' for Deed held by: Iowa MAII��Il�I� � = L.16 Gene & Donna DePesa 5116 Green Farms Rd. - - - - - - -- - Edina,Mn 55436 April 30, 1992 Assessors Office Edina,Mn Dear sir, We purchased 5116 Green Farms Rd on March 31, 1992 for $400,000. We believe our home to be overvalued based on sound evidence. As you know, home values are determined by price, condition, terms, location, and marketing. We will address all these factors. PRICE: This home has been on the market for a year. During the last six months, the price has been either slightly below or slightly above current assessed value of $452,000. CONDITION: This home is in excellent condition and is only 4 1/2 years old. TERMS: This home was offered with long term below market financing by Parkwood Knolls Construction Company. LOCATION: Green Farms Rd. is on outstanding upper bracket street in Edina. MARKETING: This home was marketed by Kay Hansen. She is very experienced and a top real estate agent. She had 20 showings from other real estate agents during the hot January market. Parkwood Knolls Construction knows the market and accepted my offer on January 31. Based on market exposure, assessed value needs to be adjusted. Since Edina homes are statistically assessed at 90% of market value, this home should be assessed at $360,000 to be comparable to other properties. In any event this home should not be assessed for more than $400,000. Gene & Donna DePesa ' AT NO 7690 5. I PROPERT OCORD AND APPRAISAL CARD PLS: - -�._ - STREET ADDRESS France _Avenue - SCHOOL DIST. NO. _ -- 16-1 LOT y 2 ♦ BLOCK 3 ,r wru�+ tars \SIT ee�nr.ra BUILDING PFRMIT RECORD Date 1 Number Amount 1 sr -zk ft`1 - ire 570 R►n p t �2a t-o,e s 7300 Ass,- e C 1, F %1. % %lam 500 0-`'I wu q u)w I J.L. o' G .'� c.,,, �.- oT^ -L�- I�/I ASSESSMENT SUMMARY - -- I3 enges to be entered on neat line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. �`br l't g1GSb LtY�C` 44 �c�+( rr� JP;:;� I Gu I!•O '� c Ick+e TOTAL VALUE HOME- ASSESSED VALUES _ 3 pi7 Asso ARKET TOTAL FULL VALUE n iUll VALUE OF LAND STEAD ft- D (� _ r ow, U ? r �i rte, !��f; LUE R MARKET OF LAND OF AND HOMESTEAD REMAINDER TOTI ,` F' � ` �- � �J " � t UCTURES I VALUE STRUCTURES Tres No 25% C) 40% STRUCTURES ID doc, /S'Oo0 z I 41T,i O V_' �SOO 22SSo�0 % SR -- — - — - -- - -- -- ' T 10. SALES INFORMATION (9 K 015 0 000 - t gDZ o0 = 2 52 0 o L grip, Date Consideration Kind of Inst. Remarks / 9f/S ,So ova -f 401,00c = 2.2572 pm 1 6o00oo 651moo 2, 2- coo TD' $R SCt, frf75 1t, S ' ,_j _ __ p 600 000 bS2 000 2 2i2 0dD l9 Goo 000 577 000 Z 1S?000 — - 7 Igg7- 7/9.-00 LUS vp0 J9Gygvo 1 ' R 6 - o• Contract for Deed held by: 3.,S3ti� 0 • 179 S fli/S-rAfgo 01, 3/8 60 0 11 I 0 o— - - - -- ayooe Ili r;ZSOOn 111,940-00011 -MAY 01 '92 10 :09 HOLMES & GRAVEN HOLMES & GRAVEN CHARTERED Actways at Law 470 Fi0abary Coster. Mimupolle. Mientsas SM4O2 ROBERT A. ALSOP (612) 337.9300 RONALD H. BATTY Facsimile (612) 337-0310 STEPHEN J. BUBUL JOHN 3. DEAN MARY G. DOBBINS STEFANIE N. GALEY CORRINt A. HEINE JAMBS S. HOLMES WRITER'S DIRECT DIAL DAMD J.119MMEDY T�JOHN NGOLAw May 1, 1992 CHARLES L.LKFEVERE Mr. Moreau Sankey Commercial Assessor' City of Edina 4801 West 50th Street Edina, MN 55424 RE: 7300 France Avenue South PID No. 31- 028 -24- 14-0020 Our File SE150 -2 Dear Mr. Sankey: L -17 JOHN M. LEFRVRLJR. ROBERT J. LINDALL LAURA K. MOLLET BARBARA L FORTWOOD JAMES M. STROMMEN JAMU J. THOMSON, JR, LARRY M. WERTHEIM BONNIE L. WILKINS GARY P. WINTER DAVID L. GRAV EN p9 M"O OF COUNSEL ROBERT C. CARLSON ROBERT L. DAVIDwN VIA FAX AND MAIL 927 -7645 Please refer to my letter to you dated April 13, 1992 and James Gillespie's letter to you dated March 51 1992 concerning the above matter. Neither of us have yet heard from you. We would appreciate hearing from you at your earliest possible convenience. Since dictating the above I have learned from you that the Board of Review was held April 27, 1992. Please enter my letter of April 13, 1992 in the record of that meeting to confirm our objections to the value for taxes paya]Ae in 1993, as well. 1'( R RJL /lmb cc: James Gillespie Robert Davidson AJL36091 SE150 -2 HOLMES & GRAVEN CHARTERED Attorneys at Law 470 PillsbLwy Center, Minneapolis, Minnesota 55402 ROBERT A. A LSOP (612) 337 -9300 RONALD H. BATTY Facsimile (612) 337 -9310 STEPHEN J. BUBUL JOHN B. DEAN MARY G. DOBBINS STEFANIE N. GALEY CORRINE A. HEINE JAMES S. HOLMES WRITER'S DIRECT DIAL DAVID J. KENNEDY JOHN R. LARSON WELLINGTON H. LAW CHARLES L. LEFEVERE April 13, 1992 Mr. Moreau Sankey Commercial Assessor City of Edina 4801 West 50th Street Edina, MN 55424 RE: 7300 France Avenue South PID No. 31- 028 -24 -14 -0020 Our File SE150 -2 Dear Mr. Sankey: Lm`17 JOHN M. LEFEVRE.JR. ROBERT J. LINDALL LAURA K. MOLLET BARBARA L.PORTWOOD JAMES M. STROMMEN JAMES J. THOMSON. JR. LARRY M. WERTHEIM BONNIE L. WILKINS GARY P. WINTER DAVID L. GRAVEN (1979 -1991) OF COUNSEL ROBERT C.CARLSON ROBERT L. DAVIDSON DELIVERED BY MESSENGER We represent 7300 Associates, owner of the above property. This is a follow up to a letter to you from James Gillespie, dated March 5, 1992. To date, he has not heard from you concerning his request for your revision of the assessed valuation of the property for taxes payable in 1992. Since your deadline for making such an adjustment is fast approaching, it is important that we hear from you. We have now also gathered a considerable amount of market data in support of our position. I am enclosing a Schedule of Comparable Sales which I have compiled from information assembled by my staff from sales of similar properties and the records of the Hennepin County Assessor. Supporting information is also enclosed. We believe the enclosed market information supports the same conclusion reached by James Gillespie in his earlier letter to you -- as of January 2, 1991, the value of the Subject Property was $1,300,000. The assessor's estimated market value on that date of $2,252,000 is grossly excessive. The Subject Property is being assessed at a level which exceeds its true market value. It also is being assessed in a discriminatory manner because the ratio between its true value and the assessor's market value is much higher for the Subject Property than is the case for other comparable properties. It appears that most of the comparable properties are over - valued by the assessor, but the Subject Property is the most over - valued of all. Mr. Moreau Sankey April 13, 1992 Page 2 After comparing the Subject Property with the 7 comparable properties (Comparables 4 an 8 are the same property), we believe the following conclusions are justified: 1. Except for part of Comparable No. 1 (6600 -6800 France Avenue South), the Subject Property is the oldest of the properties being compared. 2. The Subject Property is currently assessed at the highest amount per square foot of net rentable building area. 3. The quality of construction of the Subject Property is inferior to all of the comparables. 4. The average sale price per square foot of net rentable building area declined dramatically between 1989 and 1991. The average sale price per square foot of the 1989 sales (Comparables 1, 4 and 7) was $39.29. The average sale price per square foot of the 1991 sales (Comparables 2, 3, 5 and 8) was $35.66... Thus, the average sale price per square foot fell $3.63 or 9% in the-'two years just preceding the valuation date. Furthermore, this analysis assumed the sale of Comparable 6, which was actually only a listing. That property was listed for $30.00 per square foot and had not sold. As a result, the bottom of value may not yet have been reached. This listing, alone would suggest that the Subject Property's assessed value should be reduced to $30 per square foot, approximately 1/2 of the current amount. 5. The only Comparable property for which there are paired sales within the enclosed information is 7601 E. Bush Lake Road. That property is relatively near -the Subject Property, and 8 years newer. It sold in 1989 (Comparable 4) for $37.93 per square ,foot NRA and in 1991 (Comparable 8) for $31.30 per square foot NRA. Thus, it declined in value by $6.63 per square foot, or 17% between December, 1989 and October, 1991 (a 22 month period). 6. As of January 1, 1991, the Assessed value of the Subject Property was $58.04. This was the highest assessed value per square foot of net rentable building area of all of the properties which were compared. The assessed value of Comparables 1, 3, 4, 5 and 7 averaged $45.81 per square foot of NRA, an amount which is $12.23 per square foot, or 21% less than the assessor's value for the Subject Property. This analysis excludes Comparable 2, 6 and 8, since Comparables 2 and 6 have such low assessed Mr. Moreau Sankey April 13, 1992 Page 3 values that I must not have all of the affected tax plates for inclusion in the analysis. Comparable 8 was excluded because it is the same as Comparable 4. 7. If the assessed value of the Subject Property were to be reduced to $30.00 per square foot of net rentable area, its aggregate value would be $1,164,000. If it were reduced to $1,300,000, this would equal $33.51 per square foot of NRA, or $2.21 per square foot of NRA more than Comparable 8 sold for in October, 1991. If the assessed value of the Subject Property were reduced to $31.30, the average sale price of the 1991 Comparables, the new assessed value of the Subject Property would be $1,214,440. We request that you reduce the property's value to $1,300,000 effective for taxes payable in 1992 and 1993. As soon as you have had an opportunity to review this information please advise me whether you wish to meet to discuss this or require further information. Thank you for your c RJL:dh cc: James H. Gillespie Robert Davidson Robert L• 17 SCHEDULE OF COMPARABLE SALES 7300 ASSOCIATES, 7300 France Avenue South (as of 1/2/91) 4/13/92 SE150 -2 PID 8 31- 028 -24 -14 -0020 30- 028 -24 -41 -0001 05- 027 -24 -21 -0003 17- 116 -21 -11 -0014 17- 116 -21 -11 -0008 31- 028 -24 -44 -0010 36- 117 -22 -14 -0015 10- 116 -22 -33 -0025 17- 116 -21- 11-0008 Bldg GBA (S.F.) 50,000 525,191 unknown 35,208 75,572 unknown unknown unknown 75,572 Bldg BRA (S.F.) 38,800 443,916 434,746 27,216 52,722 123,762 176,917 26,700 52,722 Land Area (S.F.) 120,000 948,979 731,372 77,500 111,318 311,454 592,416 109,336 111,318 Ass. Value Pay 92 $2,252,000 $21,380,000 $1,742,400 $1,137,400 $2,230,200 $6,700,000 $1,616,500 $1,139,000 $2,230,200 Ass. Value Pay 92/ B.F. BRA 56.04 $48.16 $4.01 $41.79 $42.30 $54.14 $9.13 $42.66 $42.30 Sale Price $2,252,000 (Assessed value) $24,000,000 $16,800,000 $1,000,000 $2,000,000 $4,450,000 $5,307,000 $1,050,000 $1,650,000 Sale Date 1/2/91 (Valuation Date) 11/89 4/91 3/91 12/89 12/91 1991 listing 12/89 10/91 Bale /S.F. BRA Price $58.04 (Assumed, based on assessed value) $40.60 $38.64 $36.74 $37.93 $35.96 $30.00 listing Offers $20 -322 per S.F• $39.33 $31.30 Age 1970 -1971 1968 -1974 1972 a 1974 (1990 renov.) 1982 1979 Much sup. bldg 1980 1979 -1980 1984 1979 II, Exterior /condition Nell maintained but mechanical needs updating Brick Brick 6 Block Curtain glass ' Concrete block and steel frame Vacancy 158 15 -239 138 479 23 -468 Bents 313 /S.F. BRA Grose Rent 318- 19 /S.F. Grose Bent 38.00 /S.F. Gross Rent $12.50 - 313.50 Op Exp /S.P. BRA $7.73 /8.F. BRA 36.95/0.F. RJL33117 SE150 -2 i L r ESIDENTIAL PERTY RECORD AND APPRAISAL CARD TREET ADDRESS 5709 Fairfax Ave. ASSESSMENT DIST. SCHOOL DIST. NO. � LOT 6 BLOCK 2 W Ann STOCKE & HANSON' S CONCORD TERRACE i. BUILDING PERMIT RECORD Date Number Amount Purpose (, �- L — 7C T_ 1 '[ i ... /n /7e. TOPOGRAPHY IIIMPROVEMENTS II STREETS E Lot LAND VALUE COMPUTATIONS Frontage Average Unit Unit Front. Ft. Top. Intl. Total Figured Depth Price Percent Price Date Consideration Kind of Inst. Remarks ' s� -73 69 0 d`8 /9600o ' ✓ , Contract for Deed held by: 1su4qirNrt Eff I PI dT Nn . 7360 P nI u LIU Parcels covered by some homestead. ; °-- • .a *" List parcel numbers. _ ,N4 Ole- Rc I -2 raj ials n»t>_>Mtry I NUNWA_KY ' ♦ VoluolfoTmfXT P1 to be entered on ne•I I-r. Indoeore yeer end oulhorery — Arserrar. F.nol [ouol - red. 'Abatement, tit. ASSESSED VALUES ' TOTAL VALUE IIOME- MARKET MARKET TOTAL FULL VALUE FULL VALUE OF OF LAND STIAD HOMESTEAD REMAINDER ([AR • YAIU[ OF LAND VALUE OF STRUCTURES MA7.KtT I VALUE OF LAND STRUCTURES ..AND STRUCTURES Ne ZS °e 41) 40% =Yet I�GG1T 0300 3 10 O (0 ,5 3o3o o 1, 75 76 J51a ooa IZ-5 70D ' 3 4�/11111 157 is 132 �! ►y �o U� a �13,� IN M �� lip % ✓// /// IIC�I / /GIf�77�� ®— ina•-ti'+! ' L• 10 , ` •' i -'; TY ASSESSO EAL' SST 71':DA � , •- r � ..w, 1 ,;�Heetl oa- h•�_.E ' RooiFi -Count 1. D. Number Floor Area Hot Water 1 Total Rooms Actual NEIGHBORHOOD/' ZONING 2 Ext. V0 " Forced Air 2 " Bedrooms Effective• PROPERTY,ADORESS Number Cars ► 2 Electric 3 Family".' • .'lint;) 7x'' ' ', t ` N W A Condition 3 Gravity 4 ig Yes' 1 . • OrAI.i?1ac4114h Other 6 g No 2 OWNER' RPf t TAXPAYER �i(��U�: ` !(�(�� (Y �`�;(ff aM AN-Y Attached t x ' Rootei nt t,',' LDi en +' _ Detached 2 F Tote) Rooms , Yes, 1, gild CArea LEGAL DESCRIPTION, (•Ot >'�4bCKlt _ ' Tuckun er °N 3 `, Bedrooms , a G3 : !f 44 FOLINJ 0 3 N OM UM• No. 287 Built-in �4 Family n�arior••, 1::Co i + Neighborhood Rating ,� ;= a, L r r ,'� a s, Kitchen P '.1 tester Excellent 1 iii' ' Very Good 1 A-[] 1 Shingles 1 Area Other Shestrock 2 Good 2 x •, Good 2 B -L 2 Wood Shakes 2 Good 1 • • Paneling 3 Average 3 - Average 3 C•LJ' 3 P&G 3 Average 2 p Kit: Rating. Unfinished 4 Fair 4 x' ; Fair 4 D Irreg Slate Tile 4 Poor 3 Excellent , tricorn >. 14 , Poor. . 6 4 s . N Poor 6 `' 4 r , = >atyle ., = t ,Wlndowi"_ `'' Y 2 ood 1 Hardwood tl •H A.: �� ~Site Rating y Rambler 1 Casement Standard 3 Softwood 2 Total Rooms • Very Good 1 SE /SF 2 Dbl. Hung 2 Full 1 Substandard 4 Painted . 3 Bedrooms ,. Good 2 Spilt Level 3 Gllden 3 'Y. 2 Obsolete 5 Other" 4 Family Appr�No ' .� Fair 3 1'/.. 4 Awning 4 K • 3 `,•Inteioi -.. loasw z Living ,r. ,Date; /:' Minimum 4 1% 6 Patio Door 5 Y• 4 Fleeter 1 Wood' 1 r Dining `. Tlmsh " ' Adj. 19f. B - walktiUti k -3 + :; Crawl 5 Sheetrock 2 Carpet' 2 Kitchen Positive I -Y cr.,r., -j I Excellent 1 I Slab 6 Paneling 3 Other 3 Other + u ;' : n �' _ _ _ EQuaI Valuation changes to be entered on nest line. Indicate Year and authority Assessor, Final Equalized, Abatement, etc. Tt i dP Negative ASSESSED VALUES MARKET MARKET TOTAL FULL VALUE FULL VALUE TOTAL VALUE OF LAND HOME - STEAD e . ` f"1 N EAR VALUE OF VALUE OF MARKET VALUE OF LAND OF STRUCTURES AND HOMESTEAD a, 25% REMAINDER 4 TOTAL ,, Positive) LAND STRUCTURES I STRUCTURES Yes No 1t) % r -- +s _ Source: �r Equal Negati 6 4,000 OD YEWOO 5 *,2 Date,' A ff S`if00 Price t ; Excellen 99 5-0 -300 Frontege ^ , Paved Street 1 ; Very Gq (0000 q L1 3.Oo 50300 Curbs 2 Left: ' l Average Fair, ,000 �fl 2. oo '1 72--00 Sidewalk 3 Rear °.. Undeslre /�� 6 2 472 O Sewer Avail. 4 Right :.' Water;Avell. 6 Eff-Wldth , 0 Gas 8 t •". EffrOe (I Mansion Burled Mac.':,_ 7 • ;Area Alley 8 Ineg Ship*'— , Excellen On River 9 On Lake,- ' River Rating 10 , Lake Rating Good Wooded 11 a ` Landscape Location 12 ''� , Average — 8- 8 Gable 1 Open - -3 – Average 3 Good 2 9U1 D NOPER 1 ' C• 9 Hip 2 � Porch Quality /Class ' None 4 Average 3 Date Number l Vaue T Type ,n Fair C•10 Mansard 3 Good 1 Elee. Servici None 4 C -11 Gambrel 4 Average 2 Standard 1 Poor C-12- Flat 5 Poor 3 Substandard 2 _ '' L -18 11 Ttlz uan u8 orporation April 30, 1992 <�� Iql Mr. Ralph Johnson City Assessor Edina City Assessor's Office 4801 West 50th Street Edina, MN 55424 Re: Protest & Appeal Dear Mr. Johnson: Pursuant to the provisions of the State Property Tax Code of Minnesota, this is to advise you that the undersigned, acting in behalf of and upon the specific authorization as designated by enclosure, hereby disagree with your actual or proposed assessed value of each property identified on the attached Exhibit A. As evidence of such disagreement, we hereby RENDER THIS LETTER OF PROTEST AND APPEAL of each such value. We would have liked to had the time and opportunity to sit down and discuss these values prior to protesting same, but neither time nor circumstance made this possible. However, we welcome contact from your office in the near future to discuss valuation with you or your representative in hopes that we may avoid a formal hearing. Should you have any questions concerning this matter, please contact the undersigned at the telephone number below. Sincerely, 6 Jarvis Feller Tax Consultant Property Tax Division JF /bh Enclosure 1601 Rio Grande, Suite 300 • P.O. Box 2263 • Austin, TX 78768 -2263 • Fax (512) 322 -9892 • (512) 322 -9840 Southwest Regional Office Four Forest Plaza 12222 Merit Dri.e. Suite 700 Dallas. Texas 75251 -2277 January 1, 1992 Freddie Mac Mr. Ralph Johnson City Assessor Edina City Assessor's Office 4801 West 50th Street Edina, MN 55424 Re: Exhibit A attached hereto and incorporated herein by reference. Dear Sir: Please accept this letter from us as our express designation and authorization of The Quantus Corporation, of Austin, Travis County, Texas, to act in our behalf as our agent in assessment matters for the above referenced property(s) which is /are owned, possessed, secured, or controlled by the undersigned. The authority of the agent is as follows: This agent is delegated full authority to handle all matters related to assessments with your office. You are to divulge to this agent any and all information which he may be empowered to request from you as though he were the taxpayer, as he is acting upon specific authorization and instructions from us. We further direct the agent to have sent to his office any and all communications, assessment notices, taz statements, forms, etc., relative to the aforementioned property for this or prior tax years as our legal representative. While we have delegated the above authority to this agent, we accept full responsibility for any and all actions he makes in our behalf. We understand that we may be required to furnish additional information which, at our option, may be provided to you directly or through this agent. If arbitration is demanded, the rightful discharge of an arbitrator's duty calls for and presupposes the most absolute impartiality. Therefore, this tax agent is not eligible and will not be asked to serve as arbitrator on any matter affecting our property. Page 2 Should you or any of your representatives have any questions, please contact the undersigned or my agent at the address or telephone number below. Respectfully, Bonnie G. Aubrey Manager, National SF -REO Operations Services Federal Rome Loan Mortgage Corporation 8200 Jones Branch Drive McLean, Virginia 22102 Telephone: 214/702 -2080 cc: Myron E. Sappington, President The Quantus Corporation 1601 Rio Grande,. Suite 300 P.O. Boz 2263 Austin, Tz 78768 Telephone: 512/322 -9840 April 30, 1992 Property Owner: Protest Exhibit 'A' PMAC- Pederal Hone Loan Mortgage Corp. City of Edina, Minnesota _ 8200 Jones Branch Drive McLean, Virginia 22102 Parcel ncber Legal description Street rxmber Street new City Previous owner RED ruder 19- 028 -24 -24 -0096 LT 6 BLK 2 STOCKE NANSONS CONCORD TERR 5709 FAIRFAX AVE S EDINA 484587862 31- 117 -21 -34 -0126 UNIT RA404 FOUNTA1N1100D COND 287 6650 VERNON AVE S $404 EDINA 170131556 r The guentus Corporation Page 1 1601 Rio Grande,Ste 300 -PO Box 2263 - Austin, TX 78768 PROPERTY INFORMATION ADDRESS: 5709 Fairfax Ave. S Edina, ITT ACCOUNT #: 19- 028 -24 -24 -0096 LEGAL DESCRIPTION: Lot 6, Blk 2, Stocke Hansons Concord Terr BASIS FOR PROTEST: The Assessor's value does not reflect the current value of the property. A appraisal done by an independent fee appraiser in February of 1992 values the property at $200,000 "As Is ". Please review the assessment. City of Edina, MN Assessor's Value: $210,600 REQUESTED VALUE: $200,000 ADDRESS: ACCOUNT #: LEGAL DESCRIPTION: PROPERTY INFORMATION 6650 Vernon Ave. S. #404 Edina, MN 31- 117 -21 -34 -0126 Unit RA404 Fountainwood Condo 287 BASIS FOR PROTEST: The Assessor's value does not Of reflect the current market sold in the property. This property March of 1992 for $39,000. Please review the assessment. Assessor's Value: $44,800 REQUESTED VALUE: $39000 FSESSSM�ENIIT NTIAL PROPERTY RECORD AND APPRAISAL CARD RESS 4807 Maple Road DIST. SCHOOL DIST. NO. tOT 18 BLOCK 2 3 . IDD. — SOUTE4 ITE OAFS— - — - - - BUILDING PERMIT RECORD Dote Number Amount I Purpose' some homestead. List parcel numbers. LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Infl. Total `�— i�luotion changes to be entered on next line. Indicate year and authority — Assessor. Final Equs1F!!1!' `Watemenl. etc. YEAR MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES TOTAL MARKET VALUE FULL VALUE OF LAND FULL VALUE OF STRUCTURES yOTAL VALUE OF LAND AND STRUCTURES HOME- STEAD Ycs Na ASSESSED VALUES 1 4 00 (e9a f O HOMESTEAD 2S% REMAINDER 0.40°6 TOTAI i 7 O T-7900 ate Consideration Kind of Inst. Remarks jq2 300 gogo g-1 3% / :2 C f- W P �qu5 �4c7 163�1b� 13i�� -- 1 Contract for Deed held by: •fOn! e- IIDI/ A Iyop20 0J= l"QviaL /Zj//oA) /x,180/ G✓ So /�Y. SI Rum %?A . ?Iw aly i/8o7&A P41-F 1?,oAD Loo,19 /. ,y 007Y )?o A / J!d ✓- wRJi l� �� l ►✓o I jigs giACAROJAk IHN 11 � fNN[b JkD pSS1= JI,�QO VU/ LVA) I d OP, od2 Nome. / 11Avy )VAD A)O RA-Ft JI:J=- p) mo 1: D wlA a0 Ir'1� �o�i FRon'I /N�` �'a /�a 14.u�YSofZr �FFIGk' V✓a�.K�: �0 ///Ro"'d ov2 yoorc:. / ?o /J lU-D odd lN /= Vo&)Z ALLY '/)s/0 CpK G6RALLD IGN��l09410,44,1 ��%A l C fLamflI C ,b,)0 O/H1; R- /H/PGS /A) &Acelk� h// /N A S3 YCA e OLp 1I.Par ' W#/C# OCC&P FS A Go as ,Co% No L'vRQ Ore .S1,o - M1ALK . /l� /98� Hlj /�RoPJ =aJY WAJ Asskrsc a A i /y ;, /{Pa. Fik 7ArAR.s 4 b/L R, /l� /99.z, /NI= ASr1. rrVo IW oiTod hIAS /)cgeA. WD A.F. y,% % o //J t 6*y-1 k AWAr :D S YeA", Al /fi 11 2ill' me lAkU Ass r,, %H�r �2 /plc /,4G r✓ /tc 99 A-71 odo / =02 A t✓N,cIJ a A)o w1.5'8 yr_'ARX o1D. d�: aLLY /j7ibiNi si��r�i�. Col% fo2c� MAfZJ;il r/Lv,_ Pr✓A%. 1✓e Ago Ode yodre' /r ,4 7Wa S/oaY (A' eot Co %yJPc' ml, /NA comPL& JA;D gxe,& )slod wrmms . W91 ARI: alk OK 111 SMA"Ar-s/ kov,tI:.s 0P) Jf A^g 1rof4 //'Aj TNo As jr-croas opef /cc- !j 1AAD1r-A)C o %Fy /per SALJr PAI ote , C oXOS o _ S112C COVIA S,ccc /-'oR I)AfpR 300, Ooo !✓�:' �APIP- fIZ/C-,t%jS � 1# eCAc- 1=SJAJ 3&;t /i)a5s N%No lL=[� .Siyo�Ll�.sdcL Iron- y/ S / o /� I//oJ/l f /! /S /.t /�i6R /I1oR�.� �b l /JJ lG /Na/� ll,►c' rGSjJr s1�1� ! �2 8ov , i :'dt �oNSl9�: "r2 %�i3�v�G /Jt%G J H f At. Jo HM ow L -Zo I RESIDENTIAL PROPERTY RECORD AND PPRA SAI. CARD �y, ' PLAT No. PARCEL WD. L STREET ADDRESS 6921 -23 Ci 'ir"- ��//�cLt�do 7 ` ra V . i , ASSESSMENT DIST. SCHOOL DIST. N0. 16 Wl- -.____ _ -. LOT 8 BLOCK 1 Jo ` ADO. SIGIX TRAIL CH ADDITION ts: BUILDING PERMIT RECORD Date Number Amount Purpose 6. tru l�.ee. ice_ URBAN LOT RECORD Parcels covered by L "' ` +, TOPOGRAPHY IMPROVEMENTS STREETS same homestead. 1 _ Level Sidewalks Asphalt List parcel numbers."` f _ High Curb & Gutter Concrete Low City Water Brick Sanitary Sewer Gravelw DRAINAGE I Storm Sewer Dirt Good -Fair -Poor Nat'l Gas with alley LOCATION ZONING OR USE Corner Lot Residential CommeMol Inside Lot Dbl. Bung. Industrial Multi - Family 3, General Desirability: Good Fair Poor Other: /�.$_ C/' r�l_ . �.J t_�r- /'•3C� %O r.�rw�, v..a'�;.� /1!•,� •IR f�..M4a.A.41 3 ASSESSMENT SUMMARY I LAND VALUE COMPUTATIONS 'Frontage Average Unit Unit Front. Ft. Valuation chongts to be entered on next line. Indicate year and authority — Assessor, Final Equallted, Abatemtnt, etc. Figured Depth Price Percent Price Top. Infl. Total ASSESSED VALUES MARKET MARKET TOTAL FULL VALUE 7 VALUE HOME- OF L FOIL VALUE OF LAND STEAD A YEAR VALUE OF VALUE OF MARKET OF OF LAND AND HOMESTEA REMAINDER TOT! LAND STRUCTURES VALUE STRUCTURES STRUCTURES Yes No 25 °�fi rt 4D % 1980 31OL*,0 (D3Ood L( 006 ✓ 12 .Bo / Irt XL600 /77-700 !0300 V 2.00 �� `eo gjoo ALE F RMATION _ Date Consideration Kind of Inst. Remarks �yFl� 3q-ZOO /�( (00o aaa�oD /y s,/ 3Y V,00 42 V0 0 gaor fS0 l !�S 3/ 141 0 ".,1W V0 0 119-6 3q.00o 166000 o 000 s fz- 1182 s oov 66 000 000 2000-- I Irk. 3y 000 /LL 000 -- 2049 coo Contract for Deed held by: 19K9 13qoou /4G o 00 . .1o0 000 1990 / o I ell 1 3Y0oo JGadO 19a oov 512 3/ vv y 14 z 3 ti oov . 19 8800 23 Z Ffao 1.✓' S rz 37 ' Ili 1917- 3y Ooo 1 186 oov 2Z0l00o _ MAY 5, 1992 MR MOREAU SANKEY- APPRAISER RE :- CITY OF EDINA 4801 WEST 50TH STREET IIDINA, MINNESOTA # 55424 DEAR MR SANKEY, L -20 PROPERTY AT:- 6921 -23 MCCAULEY TRAIL EDINA, MINNESOTA # 55435 OWNER : - IRMA R. RUZIC PID # 06- 116 -21 -33 -0040 THIS LETTER IS INTENDED AS A COMPLAINT REGARDING THE LATEST ESTIMATED MARKET VALUE THAT YOU HAVE PLACED ON THE SUBJECT PROPERTY, IN VIEW OF THE FOLLOWING, I FEEL THAT THIS VALUE IS SUBSTANTIALLY ABOVE THE TRUE SALE VALUE OF SAME. ON JANUARY 81 1992, I PLACED THE SUBJECT PROPERTY ON THE MARKET, FOR SALE, THRU HAL CHAMBERLAIN, OF EDINA REALTY, INC. IN VIEW OF THE CITY OF EDINA ESTIMATED MARKET VALUE, I FELT THAT AN ASKING PRICE OF $ 228,500.00 WAS REALISTIC, THUS I UTILIZED SAME, AFTER OVER THREE MONTHS OF ACTIVITY, I REVIEWED THE RESULTS OF ALL ASPECTS CON- - CERNING THE LISTING, WITH MR CHAMBERLAIN AND LEARNED THAT 10 ADS HAD BEEN PLACID IN THE STAR TRIBUNE NEWSPAPER, 6 OPEN HOUSES, APB MUCH PROMOTION WITH REALTORS & THE PUBLIC. ALL OF THIS RESULTED IN 47 PROSPECTS SEEING THE PROPERTY AND OBTAINING LITERATURE. ALL OF THIS ACTIVITY DID NOT RESULT IN ONE OFFER FOR THE PROPERTY, BY MY AGENT OR THRU THE 19 OTHER AGENTS THAT SHOWED THE PROPERTY. DISCUSSIONS WITH A GROUP OF REALTORS, THRU MY REALTOR, CLEARLY INDICATED THAT THE SALE OF DOUBLE BUNG- ALOWS IN THE PAST THREE YEARS HAS BEEN VERY SLOW AND MUCH BELOW THE ASKING PRICE, IN VIEW OF THE FOREGOING, I AGREED TO LOWER THE ASKING PRICE TO $ 217,500.00, FROM THE $ 228,500.00. SINCE THAT TIME MY AGENT,HAS PLACID THREE ADS IN THE STAR TRIBUNE NEWSPAPER, HAS HAD ONE OPEN HOUSE AND HAS CONTINUED TO PROMOTE THE PROPERTY TO THE REAL ESTATE AGENTS AND THE PUBLIC. THIS HAS RESULTED IN 14 PROSPECTS SEEING THE PR- - OPERTY AND AGAIN, NO OFFERS AS OF THIS DATE. THE HISTORY TO DATE INDICATES TO ME THAT THIS TYPE OF PROPERTY IS VERY HARD TO SELL, AND MAY TAKE ;MANY MORE MONTHS TO SELL, AT A PRICE MUCH LONER THAN THE PRESENT ASK- ING PRICE. THUS, I WOULD APPRECIATE YOUR REVIEW OF MY FILE REGARDING THE PRESEgr ESTIMATED MARKET VALUE, THAT YOU HAVE ESTABLISHED, AND LOWER SAME TO A REALISTIC VA- LUE, FOR THE REAL ESTATE TAXES DUE IN 1993 AND FOR THE RECORDS. THANK YOU FOR YOUR PROMPT ATTENTION TO THIS MATTER, MR SANKEY, AND PLEASE CONTACT ME.REGARDING FURTHER INFORMATION, AND THE RESULTS OF YOUR FINDINGS. C Y O IRMA R. RUZIC 6923 MCCAULEY TRAIL EDINA, MINNESOTA # 55435 P.S. I AM ATTACHING COPIES OF THE MULTIPLE LISTING FORMS FOR THE SUBJECT PROPERTY. NOTE THAT # 1 SHOWS THE INITIAL ASKING PRICE OF $ 228,500.001 AND THE # 2 SHOWS THE ASKING PRICE OF $ 217,500.00. I.R.R. '.k.1d 883516 BR- 313 BA- 313 UPIDWN ABCI $228,500 INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED ►�dFr L.: x�� Y 6921 MCCAULFY TR 6 231 PS X 63M 102 If MAP 10 - u MUN EDNA ZIP 06470 A i 3777 AR 60S SUB 1 DIV 3 COU FINN B 0 0 ASP N LOT APPX - 110X211 ACR b116A FOR 19 93 / F I YBL 1961 - N DOUBLE BUNGALOW N PRESTIGIOUS INDIAN HILLS AREAADJACENT TO BRAEMAR PK.f1 GOLF CDURSE.KRFECT FOR INCOME OR 1HOMESTO LGL LOT 5/BLOCK 1 /51OUX TR 4TH ADDIHENNEPIN COUNTY EXP, FU- 0 EL 0 WS- 0 IN. 0 TR- 0 MN- 0 RP- UNIT II 1 12 LRI KTI 22X20 11X13 OOC K03 EXT STU.' PI *116,71.134W TE 0 1 0 A.B.C.D.EJH.KA MR 1100 / 0 161 13X11 BSM W.N2 A B C E H K P TRM FHAVA.CON,OTW SF 1000 I IWO 281 13X10 WAT CONK MTG 0 INT I 7V GA 12.T / 12 351 11X11 SEW CONN AR C I C LR2 22X20 BFS 3600 EXF CON OD 0 ASM N HE FA / FA KT2 11X13 BTF 6080 PIN $0 2MC 2MA FU GAS I GAS 182 13X11 AGI 0 BUYER TO OBTAIN NEW MORTO. LIT A.B.0 / A 282 13X10 GE 0 SELLER PAY REASONABLE PTS. SDN P] SDP 9"3613 FP f / F 7137 11X11 ANI 0 AGN HAL CIUIMBEAlA1N 9!2.5250 BB T - 3.13 SA 3.15 CR OFFICE EDINA REALTY, INC. LO 5011 PH 977.1100 APT 427.1133 iik+y LIST NO NMI [SUP$1 ADD 6921 MCCAULEY TR S 231 EDNA REALTY. INCA BROILE&HAL CHAMBERLA"AGENT 922.3250 SPACIOUS PROPERTY ON 5116 ACRE OF WOODED GROUNDSJAWUTES FROM SHOPPING CENTERS. DOWNTOWN TWIN CITIES.AMP01TT.PARKS A GOLF COURSES. MAW HIGHWAY ARTERIES AND THE SCHOOL BUS AT THE DOOR. PRIME FEATURES FOR EACH SIDE: *OVER 3000 SO. FT. OF FINISHED SPACE -TIME BATHS WFTH ONE OFF MASTER BEDROOM - COMBINATION FAMILY AND OWING ROOM WIBF= WALL FIREPLACE AND SLIDING GLASS DOORS TO REAR DELI 1900 SO. FT. AMUSEMENT NOOM WITH BA" WALL FIREPLACE. WET BAR. 311 BATH AND WAIAOUT TO PATIO AND REAM GROUNDS. -RECENT REDECORATING INCLUDING EXTERIOR PANTM NEW KITCHEN FLOOR AND CARPETING 6300 $0. FT. LIVING ROOM WRIT STAIRS TO PANELLED AND SLATE FLOORED ENTRY FOYER - TUCKUNDER GARAGE WITH AUTO DOOR OPENER AND TWO SERVICE DOORS -GAS FIRED HEATING AND AIR OOPDIT10NW0 SYSTEMS WITH ZONE CONTROL #83452 BR. 3/3 BA- 313 UP /DVVN ARCH $217,400 INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED .� fill 6921 MCCAULEY TIfX 1231 PAX 3 7777 192 IF MAP 16 41 MuN EDINA 11P 996116 JTWA S 3777 AN N6 Sue 1 DIV 3 COu HENN SB I0 ASP N DOUBLE BUNGALOW IN PRESTIGIOUS INDIAN HILLS AREAADJACENT TO SRAEMAR PX.• GOLF COURSE.PERFECI FOR INCOME OR HOMESID I I:I LOT WSLOCK IISIOUX TR 4TH ADOMENNEPIN COUNTY UNIT al 107 LRI 22X20 411 14X13 OUC 00627 EXT STU., PID 06. 116-2143-0040 lE 0 I 0 A.ILC.O.E.H.K.P MR 1100 10 181 13X11 GSM W.N.F A C E H R P 14M FH VA CON OTH SF 1600 1 1900 701 13X10 VVAI CONK MIG 0 INK 0 96 GA 1.2.T 1 1.2 361 11X11 SEW CONN AN C I C L112 22X20 0E5 2600 EXF CON OD 0 ASM N 11L FA I FA 412 14X16 LIFE 60110 PIN SO ?MC 2MA FU GAS I WS 107 12X11 AGI 0 SUYEH TO MAIN NEW MORTO. Ul A.S.0 I A 707 13X10 GE 0 6Ell AV REASONABLE PTS. SDN 273 SDP "4.34113 FP F A 2 / F A 367 11X11 ANi O AGN HAL GHIAMMMLAIN 034y1W an T • •.i• � 4.1. cn (040 EDINA REALTY. INC. 1-06011 PH 937.1100 APT 927.1133 LIST NO BOOM EMMA REALTY. INC.: ON E 4UU, CHAMBERLAIN-AGENT 922.6260 SPAC10U9 PROPERTY ON 6179 ACRE OF WOODED ORMUDB.MINUTES FROM SHOPPING CENTERS. DOWNTOWN TMN CITIES. AIRPORT.PARKS A GOLF COURSES. MAIN IIIGHWAV ARTERIES AND THE SCHOOL SUS AT THE DOOM. MORE FEATUNTS FOR EACH SIDE: 'OVER 3000 Sa FT. OF FINISHED SPACE 'THREE BATHS WITH ONE OFF MASTER SFOROOM 'COMBINATION FAMILY AND DINING ROn 944WACII WALL FIREPLACE AND LLl01NG GLASS DOORS TO REAM OEM •900 Ba FT. AMUGEMENT ROOM 1ITTH SOCK WALL PIIREPIACS. WET SAIL. 3M BATA AND WALKOUT TO PATIO AND REAR OROU11109. •RECENT REDECORATINO 11MMUDING EXTQIOII PAINTING. NEW KITCHEN FLOOR AND CARPETING 1$00 Sa ". LMNO ROOM WITH STARTS TO PANELLED AND SLATE FLOORED ENTWY FOYER 1TUCKUNDE1 GARAGE WITH AUTO DOOM OPENER AID TWO SERVICE DOORS •GAB FIRED HEATING AND AN CONDITIONING SYSTM9 WITH ZONE CONTROL a., jRESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD > _� PLAT•NO. 75�4ko ( Y 1A �RjE T ADDRESS 4703. Dolf .l rxice ,`.�" I L ASSESSMENT DIST: SCHOOL DIST. N ?3 LOT 3 BLOCK 51. ADD. - BUILDING PERMIT RECORD Date Number Amount Purpose !l. / / -9 -AE1 P -To4 1 24000 lhemw4 kit - OR I 1 ANn VA[ui; CAMPt1TAT10NS I Frontage Figured Average Depth Unit Price nit Percent Front. Ft. I Price Top. Ini 0 TOTAL F FULL VALUE - 74 Q, HOME -� A ASSESSED VALUES AL, - -' — REMAINDER T TOTA A !9 Z 3 7/6 a -3 a 12.1 ulzlj 5 ri Contract for Deed held by: r J - 1 sre homestead. List parcel numbers. Accccc,,�c C AAru1A'RY Z "i 4 ,i -- ASSESSMENT 5UMMAKT I - --- Valuation changes to be entered on nest line. Indicate year and authority — Assessor, Final Equalised, Abatement,— etc. YEAR V MARKET M MARKET T TOTAL F FULL VALUE O FULL VALUE - TOTAL VALUE H HOME -� A ASSESSED VALUES AL, - -' — REMAINDER T TOTA A !9 Z 3 3'24go + + - -- - -- � �-- — f _ — I v v - - - -- L -21 Board of Review Assessor's Office City of Edina 4801 W. 50th St. Edina, MN 55424 May 6, 1992 Dear Board of Review: HAND DELIVERED Because my schedule did not permit me to attend your meeting at 5 P.M. on April 26, 1992, I am sending this letter to object to our 1992 property tax assessment. Our property I.D. # is 19- 028 -24 -22 -0011 and our address is 4703 Golf Terrace. Our objection is primarily to the valuation of the house and to a lesser extent to the valuation of the land as outlined below. Our objection is based on the fact tha similar properties have lower assessments whereas dissimilar proeerties are assessed similarly to ours, particularly insofar as the house is concerned. It is my understanding that an office review was done of property in our area for the 1992 assessment. Our property is assessed at $419,500 with $95,000 attributed to land and $324,500 to house. It has 1425 square feet * and a lot size of 101 by 149. The house was inspected by an assessor this winter. The following are properties I believe to be similar but they were not similarly assessed. I. D. # Address Sq.Ft.* Lot Size Valuation (Land) (House) 19- 028 -24 5505 Lakeview 1401 112x128 369,900 72,300 297,600 -22 -0029 19- 028 -24 4802 Golf Terr 1372 200x152 433,700 160,000 273,700 -22 -0006 19- 028 -24 4804 Golf Terr 1303 100x137 389,800 115,000 274,800 -22 -005 29- 117 -21 4 Circle West 1586 160x215 403,000 138,800 264,200 -14 -0044 * At times, I found the square footage difficult to determine accurately from your assessment records since there had been numerous changes on several properties. No misrepresentation is intended, if, in fact, it occurred. f All the above houses are assessed at approximately $25,000 to $60,000 less than our house despite the fact that the square footage is similar. The land at 5505 Lakeview is most comparable to ours and is also assessed almost $25,000 lower than ours. While the other two properties on Golf Terrace have higher land valuations, they are both situated on the Edina Country Club and view Lake Harvey. In addition, 4802 Golf Terrace's lot is twice the width of our own. While outside our neighborhood, 4 Circle West was a recent sale for $404,000 in January, 1991, making it a good comparison property. Its squarge footage is slightly larger and the lot size is more than twice as large as ours yet the house assessment is $60,000 lower than ours. The following properties I believe to be dissimilar yet they were similarly assessed: I.D. # Address Sq.Ft.* Lot Size Valuation (Land) (House) 19- 028 -24 4700 Golf Terr 1790 91x135 470,000 140,000 330,000 -22 -0021 19- 028 -24 4800 Golf Terr 1675 130x137 465,000 150,000 315,000 -22 -0007 Once again, both these properties are on the Edina Country club, so land values should not be similar to ours. In addition, 4800 Golf Terrace views Lake Harvey. Both houses are considerably larger (by 250 to 365 square feet) than ours yet the house assessments are similar to ours. In fact, the house at 4800 Golf Terrace is assessed at almost $10,000 less the ours. Both 4700 and 4800 Golf Terrace have been exensively remodeled recently. We remodeled our kitchen ten years ago, brought the exterior up to neighborhood standards four years ago and last fall remodeled a small bath and a powder room. The only other bath in the house was remodeled four years ago. No additional space has been added with the exception of a sun room addition four years ago onto the living room where an existing slab and doorway already were built. Further, the quality of materials used in our house are inferior to those used in the two above listed properties which have higher quality cabinetry and flooring as do most of the properties listed on the first page of this letter as similar properties. The property we believe to be most similar to ours is 5505 Lakeview. It is more attractive architectually than our property and has also been extensively improved. This property is assessed at $369,900. Consequently, we believe that our property which is assessed at $419,500 is assessed $50,000 over its proper valuation. *At times I found the square footage difficult to determine accurately from your assessment records since there had been numerous changes on several propeerties. No misrepresentation is intended, if, in fact, it occurred. 1 Therefore, we respectfully request a lower assessed valuation of our property to $369,900. Very truly yours, leen Drake 22 -PLAT NO. %4820 PARCEL' 'WO", RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD VT I t � REET ADDRESS 4600 WO.oddale Aysnue I ' ASSESSMENT DIST. S HOOL DIST. N0. LOT 21 COUNTR LII°l�� 'SECTION ADD.' - - BUILDING PERMIT RECORD Date Number Amount Purpose / } URBAN LOT RECORD Parcels covered by TOPOGRAPHY 11IMPROVEMENTS 11 STREETS some homestead. Level 11 Sidewalks Asphalt Lisi parcel numbers. DRAINAGE 11 Storm Sewer 1 11 Dirt F ' Good -Fair -Poor Nat'l Gas I I %iith alley ° >' LOCATION ZONING OR USE Corner Lot Residentia ommare a rS ,' Inside Lot Dbl. Bung. In ustt al Multi - Family o General Desirability: Good Far Poor s Other: LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Average Depth Unlf Price Unit Percent Front. Ff. Price Top. Intl. Tpfal — to be entered on nest line. Indicate year and authority Assessor, Final Equalised, Abatement, etc. *Frontage / /vO Valuation changes ASSESSED VALUES TOTAL VALUE HOME - MARKET MARKET TOTAL FULL VALUE FULL VALUE OF OF LAND STEAD HOMESTEAD REMAINDER TOTAi YEAR VALUE OF VALUE Of MARKET OF LAND STRUCTURES AND Ycs No 25%i Cr1) 40% • LAND STRUCTURES VALUE STRUCTURES 47 A 10 Consideration Kind of Inst. Remarks G vo pO" o Contract for Deed held by: I 19A"? 7800 26A 16d- I q2-L 101300 2 d! �IOL- iee_. i /. A i i wo �it�/¢CD � L� ✓o.�1 s�0 zy, �� TSS/ 73Dc S�aa ice �� r SEE.- bESCRIPTION UNDER PfCTUR/�F /R!lTDE1VTIAL PROPERTY RECORD AND APPRAISAD STEET. ADDRESS 06 Lakeview ASSESSMENT DIST. SCHOOL DIST. )N LO T Pt C' LOt BLOCK 9 ADD. GOLF TERRACE HEIGHTS ' BUILDING PERMIT RECORD Date Number Amount Purpose —Zftq A4 �. r.NCS Eg L Gi 3 Q 9 D 01 t I URBAN LOT RECORD Parcels covered by some homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS STREETS Level Sidewalks Asphalt High Curb G Gutter Concrete Low City Water Brick Sanitary Sewer Grave DRAINAGE Storm Sewer Dirt Good -Fair -Poor Nat'l Gas with alley LOCATION ZONING OR USE Corner Lot Residential Commercla Inside Lot Dbl. Bung. Industrial Multi - Family General Desirability: Good Fair Poor Other: LAND VALUE COMPUTATIONS Frontage Average Unit Unit I Front. Ft. Top. Infl. Total Figured Depth Price Percent Price !M---. Date Consideration Kind of Inst. Remarks ,+� 7 1 -7 ;�/5 o 1) /11- � f3` U ;i j I ;.� �� !'f r 1' ilU 1 _I� -X Imo, ,ir, rn v ti J _ _. ASSESSMEN -1 30i lIN AKT Valuation chonges to b- en:cred an nett line. Indicate yccr and outhority — Assci:or, Final Spvali:ed, Abotenent, etc. TOTAL VALUE HOb ASSESSED VALUES 1 ¢'- 1 MARKET AIARKET I TOTAL I I' FULL VALUE HOMESTEAD REMAINDER I FULL VALUE I OF LAND STE 1D fFAR 1�AlUE OF it VALUE OF li MA %) ;ET II OF LAND OF All LAND STRUCTUFES I VALUE ! STRUCTURES STRUCTURES I Ycs No 25% CU 4Ooq . Fig' S o0 97500 15 5 3°�0 A (o 11 S 1-1000 ! 1 Y00 III — I I I 14 Contract for Deed held by: A 14 S 1111? 0 TO. J � May 7, 1992 Board of Review City of Edina c/o Edward Pederson 4801 W. 50th Street Edina, MN 55424 Re: 5506 Lakeview Drive Edina, MN 55424 Dear Mr. Peterson: L--23 ►9.02$ -24 - 22- a -o3¢ I generally do not make it a policy to complain. On the whole I believe Edina does a terrific job. Nonetheless, I cannot be silent over the recent re adjustment in my assessment. You asked that I write a letter stating my concerns so I will do so here. I bought the above property in 1984 I was assessed at $151,000.00. Ov( always exceeded my house value yet year I was concerned when I 220,000.00. About a month ago, I 270,000.00. for $147,000.00.. At that time ?r the years the assessment has I have never complained. This received an assessment of received a corrected notice of In the summer of 1989 we entered into a Purchase Agreement, a copy of which is attached hereto. This Agreement indicates a sale of $199,000.00. The buyers had until June of 1991 to buy the property at this price. Yet they did not elect to do so. We were advised that the reason they did not, was because real estate values dropped by 6% in Edina last year alone. Under these circumstances, I cannot sit back and let this happen. Please convey my concern and please consider a proper downward revision. Please review this as soon as possible and advise. Very truly yours, / /John 0. Murrin JOM /sp Enc. 0266L/23 OF fill t., 7'wm� R1.06.1 I kTA; ` PURCIIASE AGREEMENT This form appalled by the Minresota Association d REALTORS! Minnesota Assacisim of REAL7ORS� • dlsdairris any �r of use or misuse d m. this for 1. Dais r . . - o 2. Page 1 Of - 3 Pages 3, RECENED OF hM /3 E.eL 4. the s 79A-.-*- -7,V,9 vSAA �� fiars (�LL1r�C2L2._! 5, by tdLC*.MSH:N0TlL as earnest money to be deposited upon acceptance of Purchase Agreement by all partles, on or 6 before the next business day after acceptance, in a trust account of listing broker but to be returned to Buyer If Purchase 7. Agreement is not accept d by Seller. Seal a Is part payment for the purchase at the property located all a Street 9 City d County oftitiEQir ti Stale a Minnesota. Q Legally described as: 11. 2 ing irctud the following property, if arty. owned by Seller and used and located on said property: garden bulbs, plants. shrubs. and i2 try; storm sash. storm doom screens and awnings: window shades. blinds, traverse and curtain and drapery rods; attached fighting 14. fixtures and bulbs: plumbing fadufes. water h8oW heating plants (with any burners, eskers and other equipment used in is connection therewith). central air conditioning equipment, electronic air fdtey Wrier Soft WN / RENTEO /NONE, built -In humidifier I.+cr Gifts - IS and dehumidifier. liquid gas tank and M*ols (N the property of Seller); sump ; attached television antenna. cable TV jade 17. and wiring; BUILT -INS: dishwashers,. garbage disposals, trash compactors, ovens; cook top stoves„ microwave ovens, hood fans. IL horcoms: ATTACHED: carpeting; minvto; garage door openers and all co trek* smoke detectors; fireplace screens doom and 1& heft m; AND: the following personal property: �+ 2(1. 21. �w�t� /Vriva.LE) d ,�i �h� 22. all d which property Seller��h��as/s this day agreed to set to Buyer for sum of: csl / 93? [ A - _ _ - _ �' Dollars, - 44. which 8�u� agrees to. pay In the fouowing manner: Eam� w '" of S7 f't L�r�L) It 2S and $ ly g 6 � cash on or �t��hi of closing, and • �g �i / O -w.� taD s. -4z 'jyrtunaro. V an iltihd)S= addendum: 26 We,481enee-of $ n�aea 27. qqm ntl FHA VA Aaemeptb t:t n Contrs•TorOsed Other: r r lay ,Iql 21L T1his Purchase Agreement IS IS N n .contingent upon the sale of another property. (If answer is IS, see attached addendum.) 29. Attached are other addenda which are made a part d. this Purchase Agreement. (Enter page or pages on fine 2) 3M DEEDAIARKETABL.E TITLE: Upon palforrnence by Buyer; Seller shall dealer a &SAJECAi Warranty Deed 31. joined in by spouse, if any, oonveyirg marketable If% subject tot 3Z. (A) Buudlrq and zoning laws, ordinances. state and federal rapuledons; (0) Restrictions totaling to use or Improvement of the property without 33. enecdve todeiture provisions: (C) Resenrallon of any rnlneml rights by the State of Minnesota; (D) Utility and drainage easements which do not 34. interfere with existing impviaments; (E) Rights of tenants ore follows (unless specified. not subject to tenancies): 35. x (F) Others (Must be specified In wridrg): 37 TTTL,E & E AMINATION: SOW shaft. within a mama the time after acceptance d ft agreemerd, furnish an abstixt of tide` or a registered 3& poper'y abstract, certified to date to lndurde par searches covertng bankruptcies. state and federal Judgments and liens, and levied and 39. pendung special assessments Buyer, shad be 10 business days alter receipt a abstract for examination d tills and making any oi�� 411 whim shad be maoe in writing or deemed waived. It any oblect m is so made, Seller shall have 10 business days from receipt d Buyers written 41. title oblections to notify Buyer d Sellers Indention to make Title marketable within 120 days from Sellers receipt d such written ablectian. If notice 42. is given. payments hereunder required shall be postponed pending correction of Lift but upon correction of title and within 10 days aver written 43 notice to Buyer the parties shell perform this Purchase Agreement acoording to as terns U no such notice is given or if notice is given but 44. title is not corrected within the rims provided for, this Purchase Agreement shell be null and void, at option of Buyer; neither party shad be liable 45, for damages hereunder to the other end somas matey shall be reUXW to Guyer Buyer and Seller agree to sign cancellation of Purchase 4s Agreement. Buyer agrees 10 BOOM an owner's title Policy n the tuft amount d the purchase puce n lieu d an abstract d tits a the property 47. is subject to a master abstract a d no abstract d title is in Sellers possession at control. It Buyer is to receive such policy (1) the We examination 4& Period snatl commence upon Buyers receipt of a current use insurance commitinehl and (2) Sower shad pay the entire premium for such policy 43 d no fendars pXicV is obtained. tor d orgy h s additional cost a obtaining a Wmu taneously issued owners policy d a lenders policy is obtalne0 5a (Buyer shell Pay go premium 51. REAL ESTATE TAXES shat be paid as IonWV 52. Buyer shaft pay. 2ted ated from day of cl 12ths, all, none real estate mmk�ss due and payable in the year 19 �,I _. ` 19VO - .s�a•d C/�% M,-L; -rAx L �o,,..r� :.j /94D 53 Sauer shaft pay. to �doW 12tM, nil , rams real esters ta>Ardua and payable n the year 19� In the slNefli 54. the closing date fo charged. the real estate truces Paid W. I worsted. be to the new dosing, data. Seller vrarr 7 (/w, 91 _1 /�� ficadonP. 4eventPre. -t+ -/^ `f�E? t 55 taxes due and payable n the,year IQ a waft be 55 taxes are part or nontronhestead dassdi alb% Seller agrees Pay Buyer at dosing i A b °mot' toward t►e naNmomesteac 57. portion of the real estate taxes. Buyer agrees a pay any remaining balance of non4miestead taxes when they 1380011110 due and payable 5!i Neither Seller nor A+gerit(s) make ant repesenlefjon cori a mng ft amount d subsequent real. estate taxes. 53 SPECIAL ASSESSMENTS shall be paid as tDome: R SHE 6I1 BUYER AND sELLER SHALL PRORATE AS OF THE DATE OF CLOSING LFA SHALL PAY ON DIRE OF CLOSI all irW rT�y Ft. special assessments conif t with the real estate taxes due and payable In the year of c/c 62. BUYEP SHALL ASSUME SELLER SHALL P Y an date of doein an ww spaW assessments levied as d the dato sot ' � l BUYER SHALL ASSUME I�SELLER SHALL PROVIDE FOR PAYMENT spadal eeseealrmertb pending as of the date of do syg fr1. Improvements itiat heA been ordered by the City Gtxrrxkl or other assessing audarllift (Seders povision for payment shelf be by payme 65. a6avw of 2 dines the t`er'm a assessments, or less as required by Buyers lender.) X66 BUYER SHALL ASSUME LLER SHALL Y on date of Nosing any deferred real estate lazes or special Luessments payment of which it 67. required as a result d the dosing of this sale Buyer SIM pay real estate taxes due and payable In the year fofawing dosing and thereafter and tun 61L unpaid special assessments payaote ftmwuh and thamaf 1104: t fo payment of whitens not otherwise provided. n d 61 POSSESSION: Seder shall deliver possession of the Property not lade` than �fEQ/,ot ! after closim 70L AN merest, homeowner assotaelion dues. rent% fuel ail. liquid petroleum gas an9 aft dWe es for city water; city sew electricity. and natua 71. W shell be ptomW between the Pwt W as of d dmc 72. .,oiler agrees 10 remove ALL DEBRIS AND ALL ER NAL PROPERTY �WiNCLLIIJED HEREIN from the property by possosssion PURC�7HA' ._ AGREEMENT 73 Date X Page 2 Of —021 Paces 7S SUBDIVISION OF LAND: If INS 6016 oMedW" or mqulres a subdivl01on d land owned by Se1104 Seller shag pay all subdMelon 6lcpenees 76 and obtain all neoessary gwernrnent01 appov01e. Seller warrants the legal description of the real property to be. conveyed has been or wdl 77.be appaled for reoor" as of the date of closing. 7f1 GENERAL WLcMNTIES: SELLER ER WARRANTS THAT THE BIALDWOS. IF ANY, ARE ENTMW WITHIN THE BOUNDARY LINES OF THE 73 PROPERTY. SELLER WARRANTS THAT THERE IS A RIGHT OF ACCESS TO THE PROPERTY FROM A PUBLIC RIGHT OF WAY. THESE 8p WARRANTIES SHALL SURVIVE THE DELIVERY OF THE DEED OR CONTRACT FOR DEED. 81.SELIFA WARRANTS THAT PRIOR TO THE CLOSING PAYMENT IN FULL WILL HAVE -BEEN MADE FOR ALL LABOR, 82. MATERIALS. MACHINERY, FIXTURES OR TOOLS FURNISHED WITHIN THE 120 DAYS IMMEDIATELY PRECEDING THE CLOSING B3 DATE IN CONNECTION . WITH CONSTRUCTION, ALTERATION OR REPAIR OF ANY STRUCTURE ON OR IMPROVEMENT TO THE 84. PROPERTY. 86 SELLER WARRANTS THAT SELLER HAS NOT RECEIVED ANY NOTICE FROM ANY GOVERNMENTAL AUTHORITY AS TO VIOLATION Be OF ANY LAW, ORDINANCE OR REGULATION. IF THE PROPERTY IS SUBJECT TO RESTRICTIVE COVENANTS, SELLER WARRANTS 6T. THAT SELLER HAS NOT RECEIVED ANY NOTICE FROM ANY PERSON OR AUTHORITY. AS TO A BREACH OF THE COVENANTS. ANY ea NOTICES RECEIVED BY SELLER WILL BE PROVIDED TO BUYER IMMEDIATELY. 89. SPECIAL WARRANTIES EXCEPT AS NOTED ON REAL ESTATE TRANSFER DISCLOSURE STATEMENT. 906 SEI I ER WARRANTS THAT THE PROPERTY IS DIRECTLY CONNECTED TO: CITY SEWERAYES ONO CITY WATERbtfES ONO. 91, SEl I FR V"RRANTS T}iAr ALL APPLIANCES, HEXMG, AIR CONDITIONING. WQ tING AND PLUMBING SYSTEMS USED AND LOCATED 920N SAID PROPERTY WILL BE IN PROPER WORKING ORDER ON THE DATE OF CLOSING. BUYER HAS THE RIGHT TO INSPECT 93 PROPERTY PRIOR TO CLOSING. BUYER ACKNOWLEDGES THAI NO ORAL REPRESEN IONS HAVE BEEN MADE 13Y ERHFA SELLER 94. OR AGENT(S) REGARDING POSSIBLE PROBLEMS OF ViArER IN BASEMENT. OR DAMAGE CAUSED BY WATER OR ICE BUILD-UP 95, ON THE ROOF OF THE PROPERTY AND BUYER RELIES IN THAT REGARD ON THE FOLLOWING STATEMENT 13Y SELLER: 96SE1 I FR��HAS NOT IiAD A WET BASEMENT AN HA1S HAS NOT HAD ROOF, WALL OR CEILING DAMAGE CAUSED BY 91.WMIT OR ICE BUILDUP. Of answer Is HAS. see Sellers w0anstion on the reel estate transfer disclosure statement. 0 applicable) Buyer 1 9a of " NOr reoaiMed and socepted a reel estate transfer disclosures 51018M IL (If answer Is HAS NOT, Buyer miles solely on Buyer's i 91 own Inspection of the property and the warranties of Setter esPnseh► In this ► BUYER HAS RECEIVED THE TRUTH 100. IN HOUSING INSPECTION REPORT, IF REQUIRED BY MUNICI 101. BUYER KL Sit ER INITIAL: Buyer(s) 6) 102 RISK OF LOSS: If Mere is any loss or damage 10 1116 property between the date hereof and the date d dosing, for ary reason kwk dkW 103 firer vandalism. tiooa, earthquaks or ad of God, the rlsk of loss shall be on Sepec 11 the property is destroyed or sub8tarttia0y damaged befom 106. the do** data` lhls Purchase Agreement shall become null and void, at Buyers option, and samest money shall be refunded to Buyer 106 Buyer and Sager agree to sign cancellation of Purchase AgreemerL 5 07 BUYERISF, r FR ARBITRATION SYSTEM: ANY CLAIM OR DEMAND OF SELLER(S), I FR,(S), BUYERS). BROKERS) OR AGENT(S), OR ANY OF THEM, ARISING OUT OF OR RELATING 106 TO THE PHYSICAL CONDITION OF THE PROPERTY COVERED BY THIS PURCHASE AGREEMENT (INCLUDING WITHOUT tOgLIMITATION CLAIMS OF FRAUD, MISREPRESENTATION, WARRANTY AND NEGLIGENCE), SHALL BE SETTLED BY ARBITRATION 1% IN ACCORDANCE WITH THE RULES, THEN IN EFFECT, ADOPTED BY THE AMERICAN ARBITRATION ASSOCIATION AND THE 111. MINNESOTA ASSOCIATION OF REALTORSI THIS IS A SEPARATE VOLUNTARY AGREEMENT BETWEEN THE PARTIES ANC 112BROKERSAAGENTS. FAILURE TO AGREE TO ARBITRATE DOES NOT AFFECT THE VALIDITY OF THIS PURCHASE AGREEMENT 113THIS DISPUTE RESOLUTION SYSTEM IS ONLY ENFORCEABLE IF ALL PARTIES AND BROKERSIAGENTS HAVE AGREED TC 114.ARBITRATE AS ACKNOWLEDGED W�INRUILS BELOW. 115 BUYER(S)__ SELLER( USTING BROKERAAGENTAPP- SEEING BROKFRn2E . 116TIME OF ESSENCE: Time Is of the V&W0 I1118 Purchase AQM6ww L 117. ENTIRE AGREEMENT. This Purchase Agreemwd. any attached addblb and any adderda or amendment signed by the Parties► shag consiit<ru 118, the entire agreement between Seller. and Buyer, and wgwoedes any other written or oral agreements between Seger and Buyer: This PurcNw 11g Agreement can be modlfled orlly in willing slpnod by Seller and Buy" 12aACCFPTANCE: Buyer understands end agrees that this Purchase Agreement Is subject to acceptance by Seller In wrlt4hg. Agents are m 121. Gable or responek" for any corenam obllgmbu or warranties trade In this Pumhow Agreement. Slow the agent are liable 10 return c 122. account for the earnest money and to arbitrate` 9 e0 agreed The dellmy of all papers and monies shag be made at the lidi+g Roe`s dfioc 123 DEFAULT. If title Is marketable or Is oortected as provided herein, and Buyer delbulb In any of the agreerneras herein. Seller may le M net: 124. this Purchase Agreement end payments made hereunder may be retained by Seger and Agers. as their respective k4w0ft may appeo 126 This provision shag not deprive either Buyer or P°0er of the r1ghI to recover dernage6 for a breach of this agreement or d the right of spoof, 126 performance of this agmemeA provided this Purchase Agreernertt is not term mated. and further provided, as to specific perbrmanoel suc 121. action is commenced within six after right d acdon arises. r • 126 AGENCY DISCLOSURE: STIPULATES HE OR SHE IS REPRFSENTiN( I� 121THEA ewmd IN THIS TRANSACTION. THE LISTING AGENT OR PULATES HE OR SHE t 13M REPRESENiING THE SELLER IN THIS TRANSACTION. BUYER 6 SELL ITI ER INAL: Buyer(e) SOWS) 131.1. the owner of the pchperty. accept this agreement and authorize 132 the listing Uviw t0 • riftmw said property from the market. 133u ad d:hervvise �� 1 - �1 13S 1 agree to purchase the property for the price and-MW team ell conditions forth abws. OLWO, Y ' , (a r� .� L, 13fi . �,...r • tDi 137 kAy Aq . R..a wmq � • tir+w #a" w..+ 13& WE of F*M ACCEP #M �1� q sEUJNC! AtiFNr W .-- 136 THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYEAS/AWD SELLERS. .. _ .... ADDENDUM TO PURCHASE AGREEMENT fIV .nY Ysb" waving out d use or mWWW d INS total. 1. • Date r -pages 2. Pape . 3 of i Addendum to Purchase Agreement between Parlles dated �% •.,�.i 19_L-L- pertaining to the purchase end and sale of the property ghis offer is subject to an inspection by a tsivate inssr�ectcr o s Buyer( s') choice at Buyer s) expense. days of of 'this ! Wbminess on, are not o . Duyer(s) rile iis�•eti 8. that Bwer(s) shall have the ric Jim 0�1. �7 M� LA7L•t.'TAioN /O.�yJS r i '.Y'. � the gVerlt 13WEtiSi . at - to terminate 9. have the earnest monies paid herein retl rod forthwith• If er s decide 10. s shall 02_-60--kA to exercise this option to this 11. serving written Notice thereof to Sellers) or Seller's in ear 12. _ /� by registered or certified mail on or before t?e eocpiration of said 13 business -days period, where upon all earnest omW herein paid shall be 14. � y returned forthwith to Buyer(s). If said jjtY 8par'iod should expire 15. without notice of Buyer(S) intention to terminate this agreement► then this 16 acmeement shall be considered in full force and all parts shall be binding. 17. tfi ,a 20. 21. 22. 23. 24. 25. 29L 27. A. 29. 30. 31. m- sellers shall provide access to Buyers to Wo =tY for purposes of inspection. Buyers and Sellers understand scows may be several times during this oontingui y period. Buyers shall have the right to do a walk - th=ucjh in9peCtiofl prior to daft and hour a closing. 33. 34. 35. !aR � - //j'i /.�� v'' V�/i'� 1 / !/Yl, 1. /,tlw.G�nv�r- ,�it11�✓la ��. . ADDENDUM TO PURCHASE AGREEMENT • "A" TW ann WWOWd by ilia mw om /woddlon of -- REMMV. Win w ma Amdbdw Wei loon. 2. Page . _3 of 3 Pages Addendum to Purchase Agreement between parties dated 7 19-D-1- Pertaining to the purchase and sale of the property at_. At ,,his offer is subject to an inspection by a pri vate i r Of . sJO) choice at Bu 'business days of . 00. of-this offer. the event Buver(s). at • Buyer (s •) sole discretion, are • not aoaOjetely satisfied, sellers) he aky- agrees that Buyer(s) stall have the right to terminate this agreement and to hove the earnest monies paid herein rettmmd forthwith. If Buyers) decide to exercise this option to terminate this agreement, Buyer(s) shall do so W serving written notice thereof to Se11er(s) or Sellers t in person or by registered or certified mail on or before the expiration of said - I�P * business days period, whore upon all earnest money herein paid shall be VII returned forthwith to Buyer(s). If said y,?p/eriod should expire without notice of Buyer(s) intention to terminate this agreement, then this agreement shall be cmisidered in full force and all parts shall be binding. Sellers shall provide access to Buyers to property for purposes of inspection. Buyers and sellers urderstand access may be several times during this oontlVer period. Buyers shall have the right to do a walk - through inspection prior to date and hour of closing. r P_ r a PURCH.-:_�''�.�y./�GoRE4EMENT ... ' n Date 7 �O•L./ �/I . • • - 74. Page 2 Of ---Pages . SUBDIVISION OF LAND: If this sale COAldtutss or requires a subdivtalon d lend awned by So* Salter shall pay all subdlvlslort expellees 1 and obtain am necessary 9aemmentsl epprovaW seller wanar>ta the level description d the foal property to Ise. conveyed has been or wid 1. be approved for reoording as d the date of c1oa4i9. ' GENERAL V&jVIAKnES: SELLER ER WARRANTS TW THE BUILDINGS. IF ANY, ARE EN iRELY WITHIN THE BOUNDARY LIM OF THE 9 PROPERTY. SELLER WARRANTS THAT THERE IS A RIGHT OF ACCESS TO THE PROPERTY FROM A PUBLIC RIGHT OF WAY. THESE a WARRANTIES SHALL SURVIVE THE DELIVERY OF THE DEED OR CONTRACT FOR DEED. 11 SELLER ER WARRANTS THAT PRIOR TO THE CLOSING PAYMENT IN FULL WILL HAVE BEEN MADE FOR ALL LABOR, 2.MATERUILS, MACHINERY, FIXTURES OR TOOLS FURNISHED WITHIN THE 120 DAYS IMMEDIATELY PRECEDING THE CLOSING 3 DATE IN CONNECTION . WITH CONSTRUCTION, ALTERATION OR REPAIR OF ANY STRUCTURE ON OR IMPROVEMENT TO THE A. PROPERTY. S SELLER WARRANTS THAT SELLER HAS NOT RECEIVED ANY NOTICE FROM ANY GOVERNMENTAL AUTHORITY AS TO VIOLATION & OF ANY LAW, ORDINANCE OR REGULATION. IF THE PROPERTY IS SUBJECT TO RESTRICTIVE COVENANTS, SELLER WARRANTS q. THAT SELLER HAS NOT RECEIVED ANY NOTICE FROM ANY PERSON OR AUTHORITY AS TO A BREACH OF THE COVENANTS. ANY &NOTICES RECEIVED BY SELLER WILL BE PROVIDED TO BUYER IMMEDIATELY, 3 SPECIAL WARRANTIES EXCEPT AS NOTED ON REAL ESTATE TRANSFER DISCLOSURE STATEMENT. a $El 1 ER WARRANTS THAT THE PROPERTY IS DIRECTLY CONNECTED TO: CITY SEWERI&YES ONO CITY 1NATER ONO, n. SE, t ER WARRANTS TFIAC ALL APPLIANCES- HERING. AIR CONDITIONING, WIRING AND PLUMBING SYSTEMS USED AND 7�E D 20N SAID PROPERTY WILL BE W PROPER VVOF'MNG ORDER ON THE D6gE OF CLOSING. BUYER HAS THE RIGHT 10 T a PROPERTY PRIOR TO CLOSING. BUYER ACKNOWLEDGES; THAT NO ORAL REPRESENTS MS HAVE BEEN MADE BY EITHEA A.OR AGENTS) REGARDIN G POSSIBLE PROBLEMS OF W A ER IN BASEMENT. OR DAMAGE CAUSED BY WATER OR ICE P 1SON THE ROOF OF THE PROPERTY AND BUYER RELIESW TWIT REGARD ON THE FOLLOWING STATEMENT BY SELLER: S rF t Fw BHA S NOT W1D A WET BASEMENT, AN HAS HAS NOT HAD ROOF. WALL OR CEILING DAMAGE CAUSED BY 97.WATES OR ICE BUILD -JP. m an.►'l" is HAS. see Setters NPlanatton On the real estate irenstet disclosure stagement, M applicable) Buyer 9a ASJ AS NOT reowwd and accepted a real 90AW transfer disclosure stalemera. (If answer is HAS NOT, Buyer feller solely on Buyer's 9g own Inspection of the Wopefty and she wanM110" of SAW eptpressly d this ) BUYER HAS RECEIVED THE TRUTH IOM IN HOUSING INSPECTION REPORT, IF REQUIRED BY MUNICIP 101.BUYER 6 SO I ER INITIAL: Buyer(s) S) 102 RISK OF LOSS: If there is arty lose Ot damage 10 she P VP" between the date hared pfd the data d closing, bf any reason inducing 103 firer va xWftm, fora, eare quart or ad d cod, the dLsk d loss shell be on Seger If the property is destroyed or subslanb* dammed before 104. the cbdng data` this Purchase Agreerent shell becomm nu9 and void. at Buyers option. and earnest money shall be fdwvkd to Buyer. 10S Buyer and Seller agree to sign carnconation of Purchase AAreemeN. 106 BUYER/SELLFR ARBITRATION SYSTEM: 107. ANY CLAIM OR DEMAND OF SELLER(S). BUYER(S), BROKER(S) OR AGENT(S). OR ANY OF THEM, ARISING OUT OF OR RELATING t0aTO THE PHYSICAL. CONDITION OF THE PROPERTY COVERED BY THIS PURCHASE AGREEMENT (INCLUDING WITHOUT =LIMITATION CLAIMS OF FRAUD, MISREPRESENTATION, WARRANTY AND NEGLIGENCE), SHALL BE SETTLED BY ARBITRATION 11CL IN ACCORDANCE WITH THE RULES, THEN W EFFECT, ADOPTED BY THE AMERICAN ARBITRATION ASSOCIATION AND THE 111. MINNESOTA ASSOCIATION OF REALTORS °. THIS IS A SEPARATE VOLUNTARY AGREEMENT BETWEEN THE PARTIES AND 112. BROKERSAAGENTS. FAILURE TO AGREE TO ARBITRATE DOES NOT AFFECT THE VALIDITY OF THIS PURCHASE AGREEMENT. 113THIS DISPUTE RESOLUTION SYSTEM IS ONLY ENFORCEABLE IF ALL PARTIES AND BROKERSIAGENTS HAVE AGREED TO 114.ARBITRATE AS ACKNOWLEDGED 03„INITIALS BELOW. 11SBUYER(S)_— SCR( `' LISTING BROKENAGENT SELLING BROKERIAGENT 116 TIME OF ESSENCE: Time Is d the lo this Purchase Agnaernaft 117. ENTIRE AGREEMENT: This Purchase Aereerf>elx. WN attadned tsrfbits and any addenda or amandmerb signed by the Parties, thall consub s 118 the aruire agreernent between Seller and Buyer, and auparoodes any Oahar written or oral agreernents between Seller and Buyer Thts Purchase 113AAreernent Can be madded ONy In w tWg signed by Sollef and BuyBR 120, ACCEPTANCL. Buyer understands and agrees that t" Purcthase Agreement Is vA*d to acceptance by Seller In writing. Agents are not 121. liable or responsible lot any coverw1% oblpatbta or wanantfes made In this Purchase Agreement. except the agents are liable to return Or 122 account or the earnest money, and 10 arbitrage` d eo spread The dellmy of ad papers and mordes shall be made st the listing brokers otfica 121 DEFAULT. Il tills is marketable or Is corrected as Padded hafeln. and Buyer deftutts In any of the agreernents herein. Sd f may tmmhinate 124. this Purchase AW6*n errt end PtMnents made hereunder may be retained by Seller and Agent, as Their respective Interests may appear 125. The podwon shag not deprive either Byer or Soler of the tight to recover damages for a breach of this agreement or d are right of specific 126 pw*xmwm of ads agreement.' P v dad this Purchase Agreement b not terminate4 and turiher presided. as to specific perIonnencei such 127. action H commenced witdn six ffmp ahaf right d scion arises 12ELAGENCY DISCLOSURE: STIPULATES HE OR SHE IS REPRESENTING ra THE WfAd N THIS 7RANSA=ON. THE LISTING AGENT OR IPULATES HE OR SHE IS 130, RFpRES IMO THE SELLER IN THIS TRANSACTION. BUYER 6 SELLER INffIAL: BLIP 8) Seders) 131.1. the Owner of are P IP60ty. 800ePt ifs agreement and aulla to 132 the listing broker to • mhdravr said property from the market. 133 u kWJ%j ed a: rerwise ring• — � 1 1 • 4 1 13S I agree to purchase the property for the prim and"Mma lambs conditions s IOM abase ; �v teepi. viva Nor* If imam pr. stun) t36 omwe POO fK �� k�✓ AmftiCR1N wow 1 • P16 w.w PAWN �a 13& WE OF FINAL ACCEPTANCE L 611M AOEM 136 IN THIS IS A LEGALLY BINDING CONTRACT 8ETWl:EN BUYER AND SELLERS. r , STATE OF MINNESOTA ) _ COUNTY OF HENNEPIN ) SS ;. CITY OF EDINA ). CERTIFICATE OF POSTING NOTICE I, the undersigned duly appointed and acting Police Officer 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 notice of: BOARD OF REVIEW - MONDAY, APRIL 27, 1992 at each of the official City bulletin boards, located at conspicuous places within the City as follows: 1) City Hall, 4801 West 50th Street 2) Municipal Liquor Store, 50th and France Business Area 3) Centennial Lakes Park Centrum, Dated CJ Signe Signed and sworn to before me, a Notary Public in a for Hennepin Cod ty, Minnesota, this • �` day of 19. Li2g. AGFORS — MINNESOTA COUNTY ires Jan 3, 8/91 1995 . i 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., will meet in the Council Chambers , in said CITY aL 5: 00 o'clock P .M., on MONDAY , the 27TH day of APRIL ,, 19 92 for the purpose of reviewing and correcting the assessment of said CITY for the year 199 2. 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 15THday of APRIL , 1992 Clerk of the city of Edina Edina Sun-Current , and has full knowledge of the facts which are 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, 331AA7, and other applicable laws, as amended. (B) The printed Assessment Notice which is attached was cut from the columns of said newspaper, and was printed and published once each week, for o n e successive weeks; it was first published on Wednesday , the 15 day of A p r i I , 19___9 2_ 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: abcdefgWJ1dmnopgrstuvw"Z {' r BY: TITLE: Genea I M`anaEe r Acknowledged before me on this 15 day of A p r i l , 19 92 . MERIDEL M. HEDSLOM W. AM PUBUG— MlNN=TA HENNEPIN .COUNTY W commissm (](FIBS 74M RATE INFORMATION (1) Lowest classified rate paid by commercial users $ 1.30 per line for comparable space (Line, word, or inch rate) (2) Maximum rate allowed by law for the above matter $ 95.94 per line (Line, word, or inch rate) (3) Rate actually charged for the above matter $ 67• per line (Line, word, or inch rate) City of Edina I ^ (Official Pabfication) Minnesota Sun Publications CITY OFEDWA 4801 W. WTH STREET EDINA, MINNESOTA 55424 AFFIDAVIT OF PUBLICATION ASSESSMENT NOTICE IS HEREBY GWEN,Cthat the Board of Review of the City of Edina In Hennepin Coun- ty, Minnesota, will meet In the Council Chambers at 5:00 P.M. an Monday. April 21,1992, for the pm- pose of reviewing and correcting the assessment STATE OF MINNESOTA d saW city for the year om All persons corroder themselves apg��m�eyed by said assessment or property ss. asse�ssedd llow are�here�lry n W appear COUNTY OF HENNEPIN) aa�dmentting� ecde cause for having such No complaint that another person is assessed Gregory P t a e i n `ass�a or thus acted ent upon shhall have been person so I being duly sworn on an oath says that he/she is of such complaint. DATED this 15th day of April, 1992. MARCELLA M. DAEHN the publisher or authorized agent and employee of the publisher of the newspaper known as' City Clerk (April 15, 1992)_ED Edina Sun-Current , and has full knowledge of the facts which are 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, 331AA7, and other applicable laws, as amended. (B) The printed Assessment Notice which is attached was cut from the columns of said newspaper, and was printed and published once each week, for o n e successive weeks; it was first published on Wednesday , the 15 day of A p r i I , 19___9 2_ 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: abcdefgWJ1dmnopgrstuvw"Z {' r BY: TITLE: Genea I M`anaEe r Acknowledged before me on this 15 day of A p r i l , 19 92 . MERIDEL M. HEDSLOM W. AM PUBUG— MlNN=TA HENNEPIN .COUNTY W commissm (](FIBS 74M RATE INFORMATION (1) Lowest classified rate paid by commercial users $ 1.30 per line for comparable space (Line, word, or inch rate) (2) Maximum rate allowed by law for the above matter $ 95.94 per line (Line, word, or inch rate) (3) Rate actually charged for the above matter $ 67• 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 at 5:00 P.M. on Monday, April 27, 1992, for the purpose of reviewing and correcting the assessment of said city for the year 1992. 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 15th day of April, 1992. Marcella M. Daehn City Clerk Publish in the Edina Sun - Current on April 15, 1992 Send two Affidavits of Publication