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1993-04-12_BOARD OF REVIEW
MINUTES OF THE MEETING OF THE EDINA BOARD OF REVIEV HELD MONDAY, APRIL 12, 1993 AT 5:00 P.M., EDINA CITY HALL Answering rollcall were Members Kelly, Paulus, Rice 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 14, 1993. 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, 1993: Assessor's Owner's Est Name /Address PIN Number Est Mkt Val of Mkt Val David D. Naas 06- 116 -21 -21 -0001 $ 775,000 $ 516,400 6721 McCauley Tr Lawrence /Janet Anderson 18- 028 -24 -41 -0131 130,200 115,000 5132 Indianola Av Keven /Sharol Kurth 30- 028 -24 -12 -0031 116,900 105,000 4443 Garrison In Boyd /Cherie Stofer 19- 028 -24 -21 -0071 520,000 470,000 4604 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 James/Kathryn Bishop 29- 117 -21 -11 -0019 $ 323,400 $ 300,000 2 Circle East Ada M. Jones 29- 117 -21 -21 -0020 417,700 None stated 4724 Annaway -Dr Stanley P. /Catharine E. Williamson 30- 117 -21 -42 -0030 545,000 535,500 5012 Ridge Rd Martin J. /Susan G. Kanter 31- 117 -21 -24 -0052 321,900 None stated 6624 Dovre Dr William Higgins /Julie Woodson 32- 117 -21 -21 -0066 231,100 None stated 5504 Chantrey Rd Josephine Novotny 33- 117 -21 -31 -0004 86,200 None stated 5115 Benton Av Sue Guildermann /Stephen 07- 028 -24 -13 -0002 145,800 None stated Phillipps 4104 Lynn Av Laurie /Edward Greeno 18- 028 -24 -11 -0034 309,800 224 - 252,000 4701 Meadow Rd Robert /Clara Lindner 18- 028 -24 -12 -0128 298,700 262,500 4514 Drexel Av I* No further appeals being presented, motion of Member Paulus was seconded by Member Kelly to continue the Board of Review meeting to Monday, April 19, 1993, at 6:15 P.M. for decision on the appeals presented. Motion carried unanimously. City Clerk Assessor's Owner's -Est Name /Address PIN Number Est Mkt Val of Mkt Val Duncan /Patricia Sinclair 18- 028 -24 -12 -0005 303,900 280,000 4200 Sunnyside Rd Shelley /Franklin Neal 18- 028 -24 -12 -0160 231,400 220,000 4601 Bruce Av Trudi-J. Anderson & Joseph T. Green 18- 028 -24 -13 -0087 212,100 None stated 4631 Bruce Av Mary Zarling/ 18- 028 -24 -14 -0060 172,300 155,000 F. Quest Trust 4808 Townes Rd Frank /Janet Lederle 18- 028 -24 -21 -0037 385,300 None stated 4507 Browndale Av Richard D. Anton 18- 028 -24 -21 -0064 458,200 None stated 4508 Edina Blvd Mervin Kronfeld 18- 028 -24 -23 -0007 258,000 None stated 4816 Woodhill Way Olive L. Harris 19- 028 -24 -12 -0076 170,600, 155,000 5504 Kellogg Av Donald Paugh 19- 028 -24 -12 -0111 184,700 None stated 5513 Kellogg Av Hassan A. Rasoul 19- 028 -24 -41 -0005 97,100 84,000 3913 W. 58th St Donald /Joanna Pendergast 20- 028 -24 -32 -0100 131,500 None stated 5924 Drew Av Jon R. /Christine Demars 31- 028 -24 -13 -0034 163,800 158,000 Victorsen 7213 Cornelia Dr C.G. Retherford 31- 028 -24 -21 -0016 145,200 125,000 7007 West Shore Dr Doris E. Cauble 30- 117 -21 -13 -0052 158,700 130,000 6425 Mendelssohn La Benjamin/Helen Leung 32- 117 -21 -34 -0070 214,300 None stated 6076 Olinger Cir Nicholas P. Basil 32- 028 -24 -34 -0194 79,900) 7621 Edinborough Way 32- 028 -24 -34 -0227 3,700) 79,200 #2205 Total Petroleum 20- 028 -24 -22 -0045 330,000 145,000 5401 France Av Carlyle/Maxine Jacobson 05- 116 -21 -41 -0071 192,800 None stated 6624 Limerick La David /Colleen White 30- 117 -21 -43 -0041 416,500 None stated 5211 Green Farms Ct Steven /Linda Pollmann 33- 117 -21 -32 -0077 114,000 111,500 5917 Hansen Rd No further appeals being presented, motion of Member Paulus was seconded by Member Kelly to continue the Board of Review meeting to Monday, April 19, 1993, at 6:15 P.M. for decision on the appeals presented. Motion carried unanimously. City Clerk MINUTES OF THE CONTINUED MEETING OF THE EDINA BOARD OF REVIEW HELD MONDAY, APRIL 19, 1993 AT 6:15 P.M., EDINA CITY HALL Answering rollcall for the continued meeting of the Board of Review were Members Kelly, Paulus, Rice, Smith and Richards. No further objections or property valuations were presented. Notion was made by Member Smith and was seconded by Member Paulus, approving reductions to the valuations listed below for the following properties: Name Stanley P. /Catharine E. Williamson Sue Guildermann /Stephen Phillipps Laurie Greeno/Edward Greeno Robert /Clara Lindner Duncan/Patricia Sinclair Trudi J. Anderson /Joseph T. Green Mary Zarling/F. Quest Trust Olive L. Harris Donald /Joanna Pendergast Doris E. Cauble PIN Number 30- 117 -21 -42 -0030 07- 028 -24 -13 -0002 18- 028 -24 -11 -0034 18- 028 -24 -12 -0128 18- 028 -24 -12 -0005 18- 028 -24 -13 -0087 18- 028 -24 -14 -0060 19- 028 -24 -12 -0076 20- 028 -24 -32 -0100 30- 117 -21 -13 -0052 Rollcall: Ayes: Kelly, Paulus, Rice, Smith, Richards Motion carried. Valuation $537,500 142,000 280,000 292,900 290,000 210,500 155,000 166,800 120,500 140,000 Notion of Member Smith was seconded by Member Rice for adjournment of the Board of Review at 6:40 P.M. Motion carried unanimously. City Clerk SEE llE`'CRI '1' I) ', � ( "i 1IR E; AEUVENTIAL PROPERTY RECORD AND APPRAISAL CARD WTREET ADDRESS 4604 Golf Terrace ASSESSMENT DIST. SCHOOL DIST. NO. �'2 7j LOT 3 i BLOCK 3 ADD. HANSEN & PARKS FIRST BUILDING PERMIT RECORD Date Number Amount Purpose %= 0 11_63_99 3371 1,6nn l VfAV - -Mn4nitw3 . 10YI�r,J Rk&k.S41.A URBAN LOT RECORD Parcels covered by TOPOGRAPHY 11IMPROVEMENTS 11 STREETS some homestead. Level v Sidewalks Asphalt List parcel numbers. LOW 11 City Wafer brick Consideration Kind of Inst. Remarks ( Sanitary Sewer Grovel DRAINAGE Storm Sewer Dirt Good - Fair -Poor Nat'I Gas I U with alley LOCATION ZONING OR USE Corner Lot 11 Residential 1 11 Commercial 75700 I Top. Intl. Total , YEAR PLAT NO. PARCEL NO. Consideration Kind of Inst. Remarks ( 1\ / -76 P— "I E cAl- Lity.J() 1 8004 For OOG J /J/(?— LAND VALUE COMPUTATIONS Frontage Average Unit Unit Front. Ft. Figured Depth Price Percent Price -4 y' ALE INFORMATION I Top. Intl. Total , YEAR ASSESSMENT SUMMARY ` "a vation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abate"effr 'I!Tr* ASSESSED VALUES j MARKET MARKET TOTAL FULL VALUE TOTAL VALUE HOME - FULL VALUE OF LAND STEAD VALUE OF VALUE OF MARKET OF HOMESTEAD REMAINDER LAND STRUCTURES VALUE OF LAND STRUCTURES AND 2S% 40% TOTAL STRUCTURES Yes No @ Vrl (-Y'jQ Date Consideration Kind of Inst. Remarks ( r i - -7/ 9Z o - :2.A1 5 y o a�c�cx� uoo 61�11M 26 / 1) 3313,Lz D U I /0 1000 Contract for Deed held by: g9 ��frl0�' 336 00 - op '•I�IJ 19'?I 400 4-12ioo 03 000 a000 1993 CITY IF EDINA BOARD OF REVIEW, OWNER(S) NAME:- PROPERTY ADDRESS: 1. DO YOU WISH TO ADDRESS THE 1993 VALUE? t/ FS �— 2. WHAT DO YOU BELIEVE IS THE CORRECT VALUE? 701, *dD 3. EMV '5-20 000 WHAT ARE THE REASONS SUBSTANTIATING THE ABOVE STATED VALUE? lee A REMINDER: THE BOARD OF REVIEW MEETS TO HEAR EVIDENCE THAT THE ASSESSOR'S ESTIMATED MARKET VALUE IS IN EXCESS OF ACTUAL MARKET VALUE. THE BOARD WILL CONSIDER YOUR EVIDENCE AND ARRIVE AT ITS DECISION AT A LATER DATE. YOU WILL BE NOTIFIED OF ITS ACTION PRIOR TO THE CONVENING OF THE HENNEPIN COUNTY BOARD OF REVIEW ON JUNE 14, 1993, ALLOWING FURTHER APPEAL IF YOU CANNOT AGREE WITH THE CONCLUSIONS OF THIS BOARD. �QGUry f� � ✓f dt� f/14.� 6" � . RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 2 Circle East ASSESSMENT DIST. SCHOOL DIST. NO. LOT % BLOCK 4 ADD. HI LLDALE BUILDING PERMIT RECORD Date Number Amount Purpose TOPOGRAPHY IMPROVEMENTS STREETS Level MARKET Sidewalks TOTAL Asphalt FULL VALUE High HOME. Curb G Gutter Concrete VALUE OF Low AIARKET City Water OF Brick STEAD HOMESTEAD REMAINDER Sanitary Sewer Gravel LAND DRAINAGE Storm Sewer Dirt STRUCTURES Good -Foir -Poor ZS% Not'I Gas TOTAL 1 with alley LOCATION ZONING OR USE Corner Lot Residential Commercial Inside Lot r Dbl. Bung. Industrial Multi - Family General Desirability: Good Fair Poor Other: l� Parcels covered by C some homestead. List parcel numbers. -70 i .nom .300 LAND VALUE COMPUTATIONS _.— Frontage Averagc Unit Unit Front. Ft. -- ASSESSMENT SUMMARY Figured Depth Price Per Price Top. Infl. Total �-- paTpffT1bn chongcs to be entered on next line. Indicate ),or and authority — Assessor, Finol Equalized, Abatement, etc. Date Consideration Kind of Inst. C) c Contract for Deed held by: � k r ✓ Limit. 13220o /60300 a 9ioz 1� Isp"e'r)l 1 314oal ■ MARKET MARKET TOTAL Ci o FULL VALUE TOTAL VALUE HOME. ASSESSED VALUES YEAR VALUE OF VALUE OF AIARKET FULL VALUE OF LAND OF OF LAND AND STEAD HOMESTEAD REMAINDER LAND STRUCTURES VALUE STRUCTURES STRUCTURES Yes No ZS% o@ a�°'o TOTAL 1 /.5 Remarks h"7' 5'060 10 1 cO 3 Shoo do p-" J �• ' ` Ile R - -- � k r ✓ Limit. 13220o /60300 a 9ioz 1� Isp"e'r)l 1 314oal ■ _J- '• �� �%/ Ci o wire .MAR -31 -1993 00 :31 FROM MERCY HOSPITAL TO 99277645 P.02 Lo I James A. and Kathryn A. Bishop 2 Circle East Edina, MN 55436 Marcho0, 1993 City Assessor City Of Edina 4801 West 50th Street Edina, MN 55424 -1394 Re: 1993 Valuation Notice To Edina City Assessor: In accordance with the requirements stated on the 1993 Valuation Notice received earlier this year, we are notifying your office of our believe that the 1993 market value of $323,400 on the property at 2 Circle East is incorrect. The primary basis for this opinion is as follows: 1. An appraisal was completed on October 22, 1992 which listed the market value of our property as $300,000. A summary cover memo is attached for your reference. Additional detail from this appraisal will be furnished upon request. 2. Several properties within the Hilidale neighborhood have been on the market for a considerable length of time without any success in completing a sale. Exam pletincl ude the houses at 7 and 9 Cooper Circle and 4 Circle East. We feel this is an indication that the current market values are in excess of the probable price a well informed buyer would pay. We would appreciate your further review of this appeal. Please contact us at 920 -0186 0 you need additional information or have any questions. If nothing is heard from you, we will contact you by April 7 to discuss next steps. Thank you for your consideration. Sincerely, � jai IAR -31 -1993 08:31 FROM MERCY HOSPITAL Octobcr 23, 1992 Norwest Mortgage Inc. #60'0 France Place Office Building 3601 Minnesota Drive Bloomington, MN 55435 RE: Appraisal of 2 Circle East Jim Bishop Edina, MN 55436 TO 99277645 P.03 Ls I In accordance with your request, I have personally inspected and prepared an appraisal report of the real property located at 2 Circle East, Edina, MN. The purpose of this appraisal is to estimate the market value of the property described in the body of this appraisal report. Enclosed please find the appraisal report which describes certain data gathered during our investigation of the property. The methodc of approach and reasoning in the valuation of the various physical and economic factors of the subject property are con- tained in this report. An inspection of the property and a study of pertinent factors, including valuntion.trends and an analysis of neighborhood data, led the appraiser to the conclusion that the market value, as of OCTOBER 22, 1992, is: $ 300,000 The opinion of value expressed in this report is contingent upon the Limiting Conditions attached to this report. It has been a pleasure to assist you; if I may be of further service to you in the future, please let me know. Respectfully submitted, TOM WIESE APPRAISAL SERVICE --G' County Henneipin State MN Lp Cooe 55436 Sale Price $ Date Mortgage Amount i Mortgage Type Discount Points and Other Concessions Paid by Seller $ Legal Description Lot -7 Block-4 Hilldele 9 Owner /Occupant jim Bishop Mao Reference 33-3C J Sale Price Refi Date of Sale PROPERTY RIGHTS APPRAISED ® Fee Simple ❑ Leasehold Condominium (HUDNA) n De Minimis DUD I E Loan charges/concessions to be paid by seller S C T R.E. Taxes S 657 1 Tax Year 1992 HOA $/Mo. Lender /Client NorWest Mortgape Ine, Blociveinitton. KN Source LOCATION ❑ urban Q Suburban ❑ Rural NEIGHBORHOOD ANALYSIS Good Avg. Fair Poor BUILT UP Q Over 15% ❑ 25 -75% ❑ Under 25% Employment Stability ❑ ❑X ❑ ❑ GROWTH RATE ❑ Rapid ❑X Stable ❑ Slow Convenience to Employment ❑ Q ❑ ❑ PROPERTY VALUES ❑ Increasing ❑X Stable ❑ Declining Convenience 10 Shopping ❑ Q ❑ ❑ N' DEMAND/SUPPLY ❑ Shortage Q In Balance ❑ Over Supply Convenience to Schools ❑ 0 ❑ ❑ E MARKETING TIME Under 3 Mos. X 3 -6 Mos. n Over 6 Mos, Adequacy of Public Transportation Recreation Facilities ❑ ❑ ❑X Q ❑ ❑ ❑ ❑ I PRESENT LAND USE % LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING N Single Family 1 OD Not Likely OCCUPANCY PRICE AGE Adequacy of Utilities ❑ 11R] ❑ ❑ 8 24 Family Likely ❑ Owner Q S(000) (yrs) Property Compatibility ❑ ❑X ❑ ❑ 0 Multi- Family In process ❑ Tenant ❑ low Protection Irom Detrimental Cond, ❑ Q ❑ ❑ ❑X Hign N Commercial To: Vacant (0 -5 %) Police & Fire Protection ❑ Q ❑ ❑ ❑ Predominant 0 Industrial Vacant lover 5 %) General Appearance of Properties ❑❑ ❑ ❑ 0 Vacant 300 30 1 AoDeal to Markel n n D Note: Race or Ine racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS Subject located in neighorhood of large upper price homes on larre wood lots, Area high demand n with few homes that m for Location is if course.and shopping near by. Dimensions 387Fx400LSx63Rx245RS Topography Rolling Site Area 1,666+/- ACRES Corner Lot yes Size Large Shape Irregular Zoning Classification Single Family Residentl Zoning Compliance yes HIGHEST b BEST USE:Present Use yes Other Use None known Drainage Acceptable View k UTILITIES Public Other SITE IMPROVEMENTS Type Public Private �I Electricity ❑X 20OAmp Street Blacktop ❑❑ Landscaping Good i Gas LXI Curb /Guner No ❑ ❑ Driveway Blacktop E Water 1� 50 gallon Sidewalk No E] ❑ Apparent Easements Typical Sanitary Sewer LJ Street Lights yes ❑ ❑ FEMA Flood Hazard Yes' NO N Storm Sewer (jr lI I Alley No n 1 FEMA' Map/Zone COMMENTS (Apparent adverse easements, encroachments, special assessments. slide areas. etc.) : No adverse m n n m or conditions were noted. i GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION P Units 1 Foundation Conc Elk Slab 0 Area Sq. Ft. 300 Roof ❑ R Stories 1.0 Exterior Walls Cedar Crawl Space 0 % Finished 2 0 Ceiling Ay_ ❑ 0 Type(DeL /A0.) Detarhed Rool Surface Asphalt Basement 100 Ceiling Tile Walls Avr, E Design (Style) Gutters 6Dwnspis. Metal Sump Pump No Walls Paneling Floor N Existing yes Window Type Casement Dampness No Floor Carpet None ❑ E Proposed Storm Sash yes Settlement No Outside Entry Adequacy Ate_ Q N Under Construction T Screens Aluminum Infestation No Energy Euiuent items: lAverage s Age(Yis) 39 Manufactured House No Effective Abe (Yrs 1 12 ROOMS Fovei Living Dining Kitchen Den Family Rm_ Rec. Rm. Bedrooms / Baths Laundry Other I Area Sc. F(. 01 01 Basement Area ou levels _� 1 1 .300 .NJ I Level2 .Si 40 T I Finished area above brace contains: 7 Rooms 3 Bedroom($) 1 . 7 5 Bath(s) 2 14 0 Square Feel of Gross Living Area SURFACES Materials /Condition HEATING KITCHEN EQUIP. ATTIC IMPROVEMENT ANALYSIS Good Avg. Fair Poor I Floors Carnat - Ava Type Refrigerator Q None ❑ Ouality of Construction ❑X ❑ ❑ ❑ N Walls v Fuel Gas Range /Oven Q Stairs ❑ Condition of Improvements ❑X ❑ ❑ ❑ T Tiim/Finish Oak - Avg Condition Avg Disposal Q Drop Stair ❑ Room Sizes/Layoul ❑X ❑ ❑ ❑ R Bath Floor Car Tile -Avg Adequacy Dishwasher [E Scuttle 0 Closets and Storage Q ❑ ❑ ❑ I Bath Wainscot Car tile-Avg COOLING FanlHood ❑X Floor ❑ Energy Efficiency EDX ❑ ❑ ❑ 0 Doors Central Compactor E] Heated E] Plumbing-Adequacy 8 Condition ❑ [] [] [] R Other Washer/Dryer❑ Finished ❑ Electrical- Adequacy & Condition Q ❑ ❑ ❑ Condition Avg Adequacy Yes Microwave Intercom ❑ ❑ Kitchen Cabinets- Adequacy 8 Condilion0 Compatibility to Neighborhood & Marketability Q ❑X ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ Fireotacels) Masonary / 3 .0 CAR STORAGE: Garage Q Attached ❑ Adequate Q House EntAppeal T No. Cars 2 Carport ❑ Detached ❑ Inadequate ❑ Outside EnEstimated jEntryFFx7l Remaining Economic life 78 Yrs. 0 Condition None n Built -In n Electric Door 7X1 Basement Estimated R emaining Physical Lite N/A Yrs. Additional Features: 4 t h level Rec room with fireplace. First 20X26 with C g_T)pnd andcreek in back v d. Glass porch off a dining Kitchen has been updated. R M Depreciation (Physical, lunctional and external inadequacies, repairs needed, modernization, etc.): N 2p — h _y3ja1 or functional inadeauacies E were noted, no repairs are N T 5 General market conditions and prevalence and impact in sublect/maikel area regarding loan discounts, interest buydowns and concessions: —lypical market. substantial seller concessions I I , u mom. ;1.• ., xmcc 11.11 aw 00`14 Unmc a lit io ::-• 1014 1151-40 L -1 lu.,,,e Mot iornIL-0 IUIct M L BUILDING SKETCH (SHOW GROSS LIVING AREA ABOVE %NMDE) ESTIMATED REPRODi,.. ION COST-NEW-OF IMPROVEMENTS: I Nor IMOO Mn 01 FIN* Mn ON" NIANNI iM Welmiteft IN Will 8OPrDKRCWdt4ft No 04 11111M Dwelling 2,140 Sp. FLOS 100.00 • 214,000 SQUARE FOOT CALCULATION Rec.Rm Sq. Ft 0 S = 4,500 26 x 58 x 1 — 1503.0 Extras Central air = 1,500 20 x 26 x I — 520.0 Fireplace -3 = 9-000 C 0 4 x 28 x I — 112.0 Special Energy Efficient items S TOTAL 2140 Porches. Patios, etc -J2"k & Porch = 10,000 Gaiage/Carpoil BI Sq.Ft.*$_ 5,000 Total Estimated Cost New .................... =S 244-000 Physical Functional External P Less 13%1 1 It 0 Depreciation 31 =S 1.720 .A Depreciated Value of improvements ............. = E 212-280 C Site Imp. "as is' (drivelvay, landscaping. etc.) = S 8,000 IF ESTIMATED SITE VALUE ..................... . 85.00 (11 leasehold. show only leasehold value.) 305.280 INDICATED VALUE BY COST APPROACH = i 105,300 (Not required by Freddie Mac and Fannie Mae) Construction Warranty Lj Yes a No Does ptopeM conform to applicable HUDNA property standards? Yes No Name of Wailfully Program It No, explain: Warranty Coverage Expires IM aftMqMd hiSMOdOMr NUInOlPOPgrbU pool larmoreed his =R"sF" Wool No IN WNW Points, the ducnIfierr Mloorm a dollar 10101mant rall"Imir Wful ruche" 10 lasoMm. as "o"'ficem Norman comers oft "eager 1 lWarrom a run a I sqmli m am 0 Ift mm"fabill Orleans 1. a..— No or —1. t—M 0". Ift "DWI lrmaftm a ....6 1 1 aww".. .. roue . Ift. 'ed...9 Me Nad WNW or NW: I I S19Rdr,oll am No ad odiriamim, a Inaller ad or less WoNgial, Man, The Nolal properfl, a ows (•) HNINNIM WON. th—sc—mg IN W-al u.lee 11111. uniur ITEM SUBJECT COMPARABLE NO 1 COMPARABLE NO 2 COMPARABLE NO 3 Address 2 Circle 5709 Deville Dr. 6517 Stauder Cir. 5704 Woodland Ln East Edina Edina Edina Proximity to Subject 2-miles Sales Price f Refi f 12 0 f 308 E 295,000 Price/ gross Liv. Area s 0.00 M E M S -50D 149.25 M 1;: 21 40 $ 153.17 lb 19,63 Data Source Tn-cnection MLS MLS S VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION f.) S AdIVShnorl DESCRIPTION 1 3 Adirrilrollm DESCRIPTION L1SAdnlmmh A Sales or Financing L Concessions E Date at Sale/Time 3-92 4-92 2-92 Location GOOD GOOD GOOD GOOD C Siteffies, "ja -,GOOD IRR GOOD 172XI72Good 10OX11 Good' .0 Design and Appeal '1'1� OD RAMBLE/GOOD RAMBLE/GOOD S!• Cood Qualiny of Construction GOOD GOOD GOOD GOOD Age A39/E12 1968 1954 1952 If I Condition GOQD S Above Grade total 111111.! 1 Bills B.Irs 101.1 berm. wins 7 3 '1 .7 0 Room Count 7 1 3 2. 5 1.500 7 1 3:1.75 6 : 3 :1 .75' If Gross Living Area 2,188 Sq Fl. 2,067 So. Ft I + 2-000 1 , 926 Sq. Ft 1+ 4,200 2,140 Sq Ft Basement & Finished 100 100 RecRm 100-RecR-BA Part RecRm N Rooms Below Grade Rec.Room 2BR Ba 3,000 FIR, 2,000 2BR BA 3,000 A L Functional Utility Average Average Averaue Average y Heating/Cooling FA/Cent. FA/C nt FA /Cent FA/Cent Garage/Caipo 1 2 Built In 3 Attached 2,000 Two Attach 1-500 2 Built In Porches, Patio, Porch-Deck None + 4.000 Porch + 1,500 Porch-Deck Pools. etc. I Special Energy Average Average Average Average Ellicieni Items Fire laces 3 FireRlace 2 Fireplace + 1,500 2 Fireplace + 1,500, 2 Fireplace, 1,500 Other (e.g. kitchen equip.. remodeling) ApRls ADt)ls ADcls I Annlr Net Adj. (total) FX !S 1,000 + F 1 5 Do I]x:1 + F 2,700 Indicated Value Z. .;X of Subject Vd 311.500 S 310,000 297 .700 x: Comments an Safe& Comfivison: All comps are from similar neighborhoods. Used best market data n KLS. All comRs have similar amenities as subject, Adjustment made for market demaind item All 9 It salag- INDICATED VALUE BY SALES COMPARISON APPROACH ....................................................................... S 300-000 77 I.. INDICATED VALUE BY INCOME APPROACH (it Applicable) Estimated Markel Rent NIA /Mo. x Gross Rent Multiplier N/A NNS N/A This appraisal is made Q as is* E] subject to the 11103115, alterations, inspections or conditions listed below 0 Completion per plans and specifications. Comments and Conditions of Appraisal: Subject ig in jigod ovarall conditio are reiguired. The E_Iubieet has not been sold in the 111151__twelve m S. C Final Reconciliation: The market date approach is the most reliable indicator of the subjects value, 0 IF The cost approach supports value level indicated by the market data approach. Primarily owner C -occupied residences Income approach is not conidered to be meaningful. :1 This appraisal is band upon the above requirements. the certification, contingent and limiting conditions. and Market Value delinillon [hat are slated in L FmHA, HUD 8 /or VA instructions, I Freddie Mae Form 439 (Rev. 7/86)/Fannie Mae Form 10048 (Rev. 7/86) filed with client 19 F-Janached I (WE) EITIMATE THE MARKET VALUE, AS DEFINED, OF THE IUBJECT PROPERTY At OF OCTOBER 22 IQ-)2 to he t 300.000 0 1 (We) certify: that 10 the best of my (out) knowledge and beliel the facts and data used herein are true and correct: that I (we) personally inspected the subject property. both inside III and out and have made an exterior inspection of all comparable sales cited in this report; and that I (we) have no undisclosed interest. present or prospective therein _1111 — Applaisei(s) SlGRAItR'� Review APPaisei SIGNAIURF [:] Did [] Did Not _NAMF., Tom Wies #4000787 (it applicable) NAIAT Inspect Property lu.,,,e Mot iornIL-0 IUIct M L le . �9 iii— . 1-211-lei— lo�aa RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD ,/STREET ADDRESS 4724 tinnaway Drive ASSESSMENTD'IIST. SCHOOL DIST. NO. +7-273 '' LOT `9 BLOCK ADD. ROLLING GREEN SECTION TWO BUILDING PERMIT RECORD Date Number Amount I / Purpose URBAN LOT RECORD Parcels covered by TOPOGRAPHY IMPROVEMENTS STREETS same homestead. Level Sidewalks Asphalt List parcel numbers. Good - Fair -Poor Not'I Gas I with alley LOCATION ZONING OR USE Corner Lot 11 Residential j Commercial LAND VALUE COMPUTATIONS Frontage Average Unit Unit Front. Ft. Top. Infl. Tofol Figured Depth Price Percent Price Remarks ASSESSMENT SUMMARY -' 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 ZS% REMAINDER !1 40% 1 T4 9�3 SqS� ao7oo I`ECadv - r 1 "IY 'W lau�� I�SLf�v I`� -�` Ia,bO ly ago f� ao� tau% / 9&000 NZ 0 a eoa rL Iq� �I lu to u o l4a / / /DOV /Sys _0-b 5 ;� T 1 1510 Contract for Deed held by: / Z Fr7mg S/ 04 2 19�? 266 N e__ n �- iI L -�(✓' � � ,.f� ,��Cx� ` ,--Q% •Zt'k' `-rte .' "X '' 4 C; L-E' c� t , . , sc p on un er p c ure itESIDEMTIAL PROPERTY RECORD AND APPRAISA r5— + , ! - . PLAT NO. 73977 /ST DDRESS � 012 Ridge Rd • ASSESSMENT DIST. 4' SCHOOL DIST. NO. LOT 2 SUBD� VK - ADD. _ ` ` ` Date Number Unit Price Unit Percent Front. Ft. Price Top. Intl. Tot gig Abatement, etc. 3 44-90 J(03? U TOPOGRAPHY Level High Low ASSESSED VALUES General Other BUILDING PERMIT RECORD Amount Put CLO Soon, 6� AGL- — lIl >� Cs�U sL.'��.•�cA . I n1 ter OR LAND VALUE COMPUTATIONS Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. Tot gig Abatement, etc. ASSESSED VALUES X feAR Contract for Deed Iq 1; RAAi1:l1� C same homestead. List parcel nur L -3 Ar I Vr '2vv;i I{� -9 ASSESSMENT SUMMARY _ Valuation changes to be entered on nett line. Indicate year and outhotity — Assessor, Final Equalized, Abatement, etc. ASSESSED VALUES TOTAL VALUE HOME - MARKET MARKET TOTAL FULL VALUE FULLOFAIUE OF LANG STEAD HOMESTEAD REMAINDER TOTA ►L YEAR VALUE OF VALUE OF MARKET VALUE OF LAND STRUCTURES AND IYes No 2S% rt> 40% LAND STRUCTURES �I STRUCTURES c 160000 0a _ �r /Lkllox� G oao 440000 d0 wo Ar I Vr '2vv;i I{� -9 MICHAEL T. KALLAS ATTORNEY AT LAW 575 SOUTHDALE OFFICE CENTRE 6600 FRANCE AVENUE SOUTH EDINA, MN 55435 -1804 TELEPHONE (612)926 -6669 TELECOPIER (612)920 -8812 April 8, 1993 Mr. Edward Peterson Board of Review City of Edina 4801 West 50th Street Edina, MN 55424 RE: 5012 Ridge Road Lot 2, Auditor's Subdivision No. 325 Dear Mr. Peterson: y Lim-3 4z -,0030 I am writing you pursuant to our telephone conversation on Wednesday, April 7. As you know, I represent Stanley and Catharine Williamson, purchasers of the above property. You have indicated that it was not necessary for Dr. and Mrs. Williamson to attend the Board of Review, and instead they or I could submit a written request in lieu of such a personal attendance. Please consider this letter to be such a written request. Dr. and Mrs. Williamson purchased the above property pursuant to a Purchase Agreement entered into on January 19, 1993. For your information, I am including with this letter a copy of that Purchase Agreement. This Purchase Agreement fully sets forth the transaction between the buyer and seller; there were no side arrangements, and there was no consideration paid in addition to the purchase price. Please note items number 5 and 8 set forth in the Addendum to Purchase Agreement. Item number 5 allows for a $1,000 credit to the buyer for purposes of replacing damaged carpet and pad. Item number 8 allows a $1,000 credit to buyers for the purposes of adding ridge venting, roof vents, and flashing to correct ice dam problems. Given these credit amounts, the actual consideration paid on the purchase of the property is $535,500. As you know, the sellers of the property were trying to sell the property for an extended period of time. According to you, they had earlier listed the property for approximately $795,000 and listed the property in 1992 for an estimated amount of $575,000. MICHAEL T. KALLAS Attorney At Law Letter to Mr. Edward Peterson, City of Edina Board of Review April 8, 1993 Page 2 Insofar as the latest listing price on the property was $575,000, it is clear that the sellers did not make a "mistake" in placing a value on the property. Instead, with a listing price of $575,000, the market was allowed to freely operate, and the home was sold pursuant to a free and unfettered market. This was a transaction between a willing buyer and a willing seller, with neither being under any compulsion to buy or sell. Given the fact that this Purchase Agreement was entered into in January, and that the property was sold by a sophisticated seller knowing fully the potential value of the property, and having fully explored the marketability of the property, there is no need to "guess" as to the property's value. The property value in January 1993 is the price arrived at through negotiations between the willing buyer and willing seller. Any evidence that might be offered concerning sales of comparable homes cannot compare to the evidence of the sale price of this home in the particular month when the valuation is required. On behalf of Dr. and Mrs. Williamson, we would ask that the City reduce its assessed value of this property to the purchase price of $535,500. I understand that you will contact me with the City's response without undue delay. Thank you for your attention to this matter. Very truly yours, A/ c Michael T. Kallas MTK/llw Enclosure cc: Dr. and Mrs. Stanley Williamson WAXWO109301.01 RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 6700 Dovre Drive . - 6624 - - - - - -- - -- -- 16 -1 ASSESSMENT DIST. SCHOOL DIST. NO. -- LOT _ -3 __3 ADD. PARKWOOD KNOLLS 19TH BUILDING PERMIT RECORD Date Number Amount I Purpose URBAN LOT RECORD Frontage Figured Parcels covered by some homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS 11 STREETS Level Total Valuation ctiongcs to be Sidewalks Asphalt High Curb G Gutter Concrete MARKET VALUE OF STRUCTURES Low FULL VALUE OF LAND City Water TOTAL VALUE OF LAND AND STRUCTURES Brick ASSESSED VALUES Sanitary Sewer Gravel YEAR DRAINAGE Storm Sewer TOTAL Dirt 8'5"600 fZSvv Good -Fair -Poor Not'I Gas with alley LOCATION ZONING OR USE Corner Lot Residential Commercial Inside Lot 212- S Dbl. Bung. Industrial Multi - Family SALES INFORMATION — ��?- Date Consideration General Desirability: Good Fair Poor Other: I 1 -/2 - 11 -2. to LE4 y djr LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top, Intl. Total Valuation ctiongcs to be entered on nest line. Indicate year and authottty — Assessor, Final Equalized, Abotement, etc. MARKET VALUE OF LAND MARKET VALUE OF 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 YEAR HOMESTEAD 25% REMAINDER �t> �0?b TOTAL � 1 r,1 w 1ti90 8'5"600 fZSvv X �o 8S 212- S SALES INFORMATION — ��?- Date Consideration Kind of Inst. Remarks 23 U06 1 )2-12--7 7 ��••yy���� Contract for Deed held by: 3(ZR I93 L -4 MARTIN J. AND SUSANNE G. KANTER 6624 DOVRE DRIVE EDINA, MINNESOTA 55436 March 25, 1993 City Assessor City of Edina 4801 West 50th Street Edina MN 55424 RE: Property I.D. # 31- 117 -21 -24 -0052 Martin J. Kanter Susanne G. Kanter 6624 Dovre Drive Edina MN 55436 To Whom It May Concern: It is our opinion that the valuation for the above stated property is unfair and incorrect. The market value has increased from $255,700 in 1988, which is also when the property was acquired (see Certificate of Real Estate Value) to $321,900 in 1993, an increase of approximately 26 %. Please review the current valuation as we feel that the increase does not reflect current market conditions. Thank you for your consideration of this matter. I can be reached during the day at my office number, 332 -9393. MJK/h Very truly yours, artin . Kante r RE$-1,r-f1IrTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS �5o)4 Chantrey Road ASSESSMENT DIST. SCHOOL DIST. NO. 47- LOT 19 BLOCK 1 X73 - It ADD. sMILDENIF ADI)N. TO EDINA HIGHLNNr�' BUILDING PERMIT RECORD Date Number Amount Purpose hi • 2A_ AO >_ L707 17 /,k^^ Sn I i aj",) URBAN LOT RECORD Parcels covered by TOPOGRAPHY IMPROVEMENTS STREETS some homestead. Level Sidewalks Asphalt List parcel numbers. Low IAINAGE Nat'l Gas OR USE LAND VALUE COMPUTATIONS Fron^age Average Unit Unit Front. Ft. T 1 fl T o tal A»t»MtN 1 )UMMAK I Figured Depth Price Percent Price op. n Valuation changes to be entered on nett line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. v rl Contract for Deed held by: q 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 25% /i) 40% 83 350 1560 11000 5L4DO ' ` 10-) 1'1 L S- lea 97 Tao ra3 6-6`� /W l(iq I 5 r> inn ;'v i " l_S/ Loo q Fr L -5 Av ( / 5� 19 �f 70.' r/� � f% � f'!? �I r/ d NtP TUv- � Z �' S r n �.2� •� J'G! 6),14 oi� c�cc�hf �G�a� �r}�e . 7X-t M ./_ — 00 GV a17 - fGiin,� iS' �va LliyLi. 1 i'� G.r62--r c,A) / 646f sec 77� ey Coe - FA A7 �� ��( m 2r L11 vZl� l �95� 6�� r -EY /S l �Qo , y h Ce 'r SS04- CO i/vT2EV 2D , >(fvA /N x5`436, Q �o . 4 46 3Z - 11-7 — Z 1 Z l 0044 ) � RESIDENT1ft1P?0PERjY REA ORD AND APPRAISAL CARD TREET ADDRESS 77 1!� ASSESSMENT DIST. SCHOOL DIST. NO. � 73 LOT 4 BLOCK Z ADD. BENTO N PARK BUILDING PERMIT RECORD Amount Nat'l Gas i PLAT NO. 74060 some homestead. List parcel numbers. �h n d.. LAND VALUE COMPUTATIONS Valuation changes to b t d ASSESSMENT SUMMARY e Frontage Average Unit Unit Front. Ft. Top. Intl. Tota Figured Depth Price Percent Price LE6. PARCE_ -r— on are on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, eft. MARKET MARKET TOTAL FULL VALUE FULL VALUE TOTAL VALUE NOME_ ASSESSED VALUES YEAR VALUE OF VALUE OF MARKET OF LAND STEAD LAND STRUCTURES VALUE OF LAND OF AND HOMESTEAD REMAINDER STRUCTURES STRUCTURES Yes No 25% @ 40% ' TOTAL SALES F R ATION 9 2 aZ.S OD 41500 67 god Date Consideration Kind of Inst. Remarks p �s�O 7 /god v' w Cal h 1/7&00 00 /I D.1 .nni _ X00 006 ,A,,,. &A-A(%� ✓ ..n I l I Yi' 30 00 300 /00 Contract For Deed held by: �9S 308Oz) Woo IWO 1�q 1n.1 LE6. PARCE_ -r— on are on next line. Indicate year and authority — Assessor, Final Equalized, Abatement, eft. MARKET MARKET TOTAL FULL VALUE FULL VALUE TOTAL VALUE NOME_ ASSESSED VALUES YEAR VALUE OF VALUE OF MARKET OF LAND STEAD LAND STRUCTURES VALUE OF LAND OF AND HOMESTEAD REMAINDER STRUCTURES STRUCTURES Yes No 25% @ 40% ' TOTAL SALES F R ATION 9 2 aZ.S OD 41500 67 god Date Consideration Kind of Inst. Remarks p �s�O 7 /god v' w Cal h 1/7&00 00 /I D.1 .nni _ X00 006 ,A,,,. &A-A(%� ✓ ..n I l I Yi' 30 00 300 /00 Contract For Deed held by: �9S 308Oz) Woo IWO 1�q 1n.1 I l I Yi' 30 00 300 /00 Contract For Deed held by: �9S 308Oz) Woo IWO 1�q 1n.1 April 8 1993 I City Assessor City of Edina 4801 West 50th St. Edina, MN 55424 -1394 Re: Properly I D # 33- 117 -21- 31-0004 Dear Sir, I'm writing regarding the market value that you have placed on my home. First, it could not sell for that much on the market. It needs a lot of repair. Most of the windows should be replaced, The picture window in the living room was in bad shape when I bought the house almost 20 years ago. It has now rotted and needs to be replaced. The floor in the garage has settled and every time it rains water runs into the basement thru the bricks from the fire place. I black topped the floor a few years ago to resolve the problem, but the floor has continued to settle and the problem still exists. Also the entire chimney needs replacing. The bricks over the years have crumbled. Some of the walls m the house have been exposed to moisture due to the problems with the windows and need extensive work. The stoop at the back door and the fiant door need replacing. Over the years.they have settled and cracked. Water leaks in when it rains. The laundry tub in the basement needs replacing. I've had plumbers out to fix it, but they say its so old that if they try to replace the dram pip that it will just fall apart and then I would have to put a hole new tub and pips in. I doubt that the house could even sell for $65,000 with all the repairs that it needs. Please have someone come out and revaluate the house as I feel the value that you haveassigned is considerably over priced. Sincerely yours, 36sephine Novotny 5115 Benton Ave Edina, MN 55436 P.S. As I am 93 years old, please contact my daughter Jo Johnson at 934 -5190 if you need to talk with someone or set up a time to come out. I L•6 fe RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD REET ADDRESS 4104 4W n Ave. ASSESSMENT DIST. SCHOOL DIST. N0. ���- LOT _. �_ BLOCK ADD. A AND B ADDITION BUILDING PERMIT RECORD —, .. J Dote Number Amount Purpose - 71 S Ct r r r I (�.: )"Ii TOPOGRAPHY Level High V_ Inside Lot General Desirability: RBAN LOT RECORD IMPROVEMENTS I STREETS Sidewalks T 11 Asohalt- Not'I ING OR USE -7 -�L1- Parcels covered by some homestead. List parcel numbers. 8 -y es Lm7 PLAT NO., _ 60610 PARCL 0 C T /t 1 9 —Z7—c) - - -- �s F36 - R 5?G k'c•� Ac t—e )S Frontage Average Unit unit Front. Ft. Top. Intl. Total ASSESSMENT SUMMARY Figured Depth Price Percent Price �I�17/l/ll� Valuation changes to be entered on netr line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc. MARKET MARKET TOTAL FULL VALUE TOTAL VALUE HOME- ASSESSED VALUES YEAR i VALUE OF VALUE OF MARKET FULL VALUE OF LAND OF OF LAND AND STEAD HOMESTEAD REMAINDER LAND STRUCTURES VALUE STRUCTURES STRUCTURES Yes No 25% Vii) 40% TOTAL 3 - '0 5 ALES INFORMATION Date Consideration Kind of Inst. Remarks ", e). �T?("'o 2 Contract for Deed held by: I MI W-70 M010 �I�17/l/ll� HE M. buts � � I ���r r RLz�����•I I P d -q - 1Z -c3 4104 Lynn Ave. Edina, MN Lw7 55416 -5076 April 11, 1993 City Assessor City of Edina 4801 West 50th St. Edina, MN 55424 -1394 Dear Sir or Madame: I am writing this note to correct the current assessed value of my property, I.D. number 07- 028 -24 -13 -0002. I received a notice from you in January, indicating that the assessed value of the property was $145,800. Hennepin County assessed the home's market value for 1991 at $138,100, at $139,400 for 1992, and $138,900 for 1993. In addition, I have enclosed an ad from the April 4, 1993, Star Tribune, which lists the house at 4116 Lynn, which is similar to ours,. at $134,900. Since all the figures I have given are lower than the market value you have assigned the house, I ask that you reconsider your assessment. Sincerely, Stephen Phillipps r ESIDENTIALROPERTY RECORD AND APPRAISAL CA VREET ADDRESS ASSESSMENT DIST. SCHOOL DIST. N0. LOT 25 BLOCK f tJ 3 ADD. AUDITORS SUBDIVISION # 319 BUILDING PERMIT RECORD Date Number Amount URBAN LOT RECORD TOPOGRAPHY IMPROVEMENTS 11 STREETS Level Sidewalks Asphalt High ;s;•¢ Curb L Gutter Conprete Low City Water Brick General De Ot ear. LAND VALUE COMPUTATIONS Frontage Average Unit Unit Front. Ft. Top. Intl. Total Figured Depth Price Percent price TOTAL -75 ago 100 18 leee 5 !0 7500 (2) /)ILs It 9 B8 �O lfl I /r /C "AGE �!/ � c-,7 x,11° P.a'i �r <L. -�✓ - � % ='`� 'r 1 Parcels covered by some homestead. List parcel numbers. r7 PLAT NO.- _/3976. _. _ _ _ PARCE L =8 I P!1111111111111� ASSESSMENT SUMMARY Valuation chances to be entered on next line. Indicate rear and authority — Assessor. Final Eaualixed_ Abatement_ ate. s :EAR ES INFORMATION TOTAL MARKET VALUE Qate Consideration Kind of Inst. Rema ks " ASSESSED VALUES 1/✓14. 6 4411/2`7' REMAINDER 4096 TOTAL ' •J 5 !0 7500 (2) /)ILs It 9 g0 lfl I Contract for Deed held by: 2 Parcels covered by some homestead. List parcel numbers. r7 PLAT NO.- _/3976. _. _ _ _ PARCE L =8 I P!1111111111111� ASSESSMENT SUMMARY Valuation chances to be entered on next line. Indicate rear and authority — Assessor. Final Eaualixed_ Abatement_ ate. s :EAR 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 2596 REMAINDER 4096 TOTAL I .8 . OA 4 -7 _, y%/ I'Alpadau ?ac./ jo;dlGr / AV SSSFzy y /��ys �Cr���vcf ccu cl S GvoZt lcl �� CISSCSS�c¢N f' %1e li e&e AXAt rukw.u-1 /S 2k c wli-p— �ur fie, OAC/I&'All ' , lsPas�S lJ &aL&WAKV- off' /FYZ v7��Jaoo �� /�cuu�a�¢ oSS�.sS�d IlalA, 0907 G�&l� Aw all Awl 4Lrd�luir - -- o ec� ev ay. 4,4 � - L -8 -- - 00(c ER �YO�!/ S G! �L7 /�'�6d�'/C� / dllz/S ccc� Q' .Srnd� z Sri �z vs,- GC - - -- ��P ze - -- - - - - -- -- - - - - -- - -- - - I _ a9yld a:e�/x� �� �6l1G/1�f a✓_v% I f. ESIDENTIAL. PROPERTY RECORD AND APPRAISAL CARD , REET ADDRESS !+!51)+ T)raxel kup-m 9 ASSESSMENT DIST. SCHOOL DST. NO.4 LOT BLOCK 6 L!! ADD. COUNTRY CLUB DISTRICT FAIRWAY SECTION �y 151.94 BUILDING PERMIT RECORD Date Number Amount Purpose x 4.16z — 1 I - Wo'.) z C`! fr 'r fr I i- , < .(I URBAN LOT RECORD rarcels covered by TOPOGRAPHY IMPROVEMENTS_ _ STREETS same homestead. Level Sidewalks Asphalt I_� List parcel numbers. Nat'l Gas I A will ZONING OR Lot Log Contract for Deed held by: LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Average Unit Unit Front. Ft. Top. Infl. Total —� �� ASSESSED VALUES Figured Depth Price Percent Price MARKET MARKET TOTAL I TOTAL VALUE I HOME - FULL VALUE C) ,10 JO — c -,' , 1 YEAR II VALUE OF VALUE OF MARKET FULL VALUE OF LAND STEAD '. OF j� HOMESTEAD 11 REMAINDER AND i� TOTAL I I II LAND STRUCTURES 11 VALUE OF LAND 4i 4Do. STRUCTURES �; STRUCTURES �!Ycs No h ZS?� II - a a 4 I� y, Contract for Deed held by: April 2, 1993 Assessor's Office 4801 West 50th St Edina, MN 55424 -1394 Re: Property # 18- 028 -24 -12 -0128 (1445 Drexel, Edina) L 9 ti3 The last time we tried to sell this property we had no offers greater than $260,000, so we are at a loss to understand the assessment at $298,700. I suggest that the condition of the property was not taken into account in the assessment. Since the value of most real estate has fallen due to the recession and the lack of buyers at this price level, I am surprised that this is not taken into account. I appealed the previous assessment of $292,000. Believe me if I could get an offer of this level for this house, I would not still own it. I think it is unfair to assess a house at a value that has no relevance to the real estate market. The house was tested in the market and no offers of this level were obtained. I think the offers actually made on the house represent more accurate values to use to determine market value than values derived from comparison of this house with some others that may be vaguely comparable. It is certainly better than an increase by some fixed percentage. I paid $262,500 for this house. That was probably too much. I do not believe it is worth more than that now. Frankly, I write this hoping for fairness, but with little expectation since for the past 2 years the house has been greatly overvalued and I have not had much in the way of fair review of this case. Individual tax payers never have much of a chance. Sincerely, Robert Lindner � i6aY Elm Ql�e.aSe Yvo 1c i wbO& 6"0 ZL. 6dv�� 0, R4pz sS, — �s -7 - i' —c y c RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD �'TREET ADDRESS 4200 Sunnyside Road ASSESSMENT DIST. SCHOOL DIST. NO._% LOT S BLOCK 1 I� ADD. COUNTRY CLUB DISTRICT FAIRWAY SECTION LOCATION General IJ11ei BUILDING PERMIT RECORD Amount I11MIM le!lllF ENTS STREETS some homestead. Asphalt List parcel numbers. PLAT N0. 74830 PAI kA i LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. Total ; P 3 00 o SALES F RMATION Date Consideration Kind of Inst. Remarks 42s6 ; P 3 00 o L -1 O� c: Valaar,an cnanacs ro be enrered on ne■r line. lnd,eate veor and durhorrrr Assessor. Final Eduolr =ed. ADa rerntnf. etc. MARKET MARKET TOTAL TOTAL VALUE HOME- ASSESSED VALUES 1 YEAR VALUE OF VALUE OF MARKET FULL VALUE FULL VALUE OF OF LANG 11 STEAD HOMESTEAD I REMAINDER LAND STRUCTURES II VALUE OF LANG TOTAL r� STRUCTURES STRUCTURES .Tes No 25% n e0% �� �9�i I t s II �s��aa IIa9S�oct� I I I I I 656 d 232 I _ I 1943 4s 112 !A Z" 0 -�i::? E l � I N Contract for Deed held by: j- II II I Y I S5/ 0 1733�I 22R 9,vo I R Duncan Sinclair 4200 Sunnyside Road Edina, MN 55424 (612) 925 - 2580 City Assessor City of Edina 4801 West 50th St. Edina, MN 55424 -1394 Dear Sir: � y -i3 -y3 LAO April 12, 1993 I am writing to request an adjustment of the market value of property 18- 028 -24-12 -0005 at 4200 Sunnyside Road. I believe that the value established by your office, though representative of Sunnyside Road values in general, is not an accurate estimate of the value of my property. The value currently set for Property Taxes payable in both 1992 and 1993 is $ 298,000. My understanding is that this means that the market value of the property as of January 1991 and January 1992 was that amount. In connection with a refinancing last fall, an appraisal was conducted by Mr. Robert W. Campbell of Capital Appraisal, Inc. Mr. Campbell is a Minnesota State Licensed and Federal Certified appraiser. 1=Ls conclusion is supported by both the cost approach and the use of four comparable homes in Country Club which had all sold earlier in 1992. The appraiser estimates a market value as of October 14, 1992, to be $ 280,000. I am enclosing a copy of the appraisal for your review. Please note that even though the addresses of the comps were blacked out on the adjustment grid, the last two pages contain pictures and addresses of the houses used. I realize that I have missed the April 1 date for submission of this request but hope that you will still consider it prior to the April 27 Board of Review meeting. During the day I can most easily be reached at 667 - 0650 if there is any other information that is required for your review. Thank you for your consideration of this request. Sincerely, ��' ) "Ij" R Duncan Sinclair 0 1 Le 1 O F110 No. 26524 APPRAISAL OF Single Family Dwelling LOCATED AT: 4200 Sunnyside Road f Edina, MN 55424 FOR: Norwest Mortgage, Inc. 3601 Minnesota Dr. Suite 700, Minneapolis,MN 55435 AS OF: October 14, 1992 BY: Robert W. Campbell State of Minnesota No. 4001013/ Federal Certified.— Data son a Ar.1vide UNIF ,M RESIDENTIAL APPRAISAL R' DRT n 5^i O re Address 4200 Sunn side Road Consul Tract 231 City Edina county Hennepin Slate MN Zip Code 55424 e 4 LENDEA DISCRETIONARY USE Sale Price f Date Mortgage Amount f Mortgage Type Discount Points and Other Concessions Paid by Seller f L Description Lot 5 Block 1 Countr Club District Fairway Section owner m Robert D. and Patricia A. SINCLAIR Me Reference -4C Sale Price f Refinance Dale of sale NA Property Rights Appraised Loan charges/concessions to be aid b seller f X Fee Simple RE Taxee f 6,542.00 Tax Year 1992 HOA $/Mo. Leasehold Lender/Client -Norwest Mortgage, Inc. Condominium (HUD/VA) 601 Minnesota Dr. Suite 700 Minnea olis MN 55435 ION019111PUD I source LOCATION Urban X Suburban LJRUral BUILT UP X Over 76% 25-75% Under 25% GROWTH RATE Rapid Risible Slow PROPERTY VALUES Increasing oStable Declining DEMAND/SUPPLY Shortage X In Balance Over Supply MARKETING TIME X Under 3 Moe. 3 - 6 Mos. Over 6 Moe. NEIGHBORHOOD ANALYSIS Employment Stability Convenience to Employment Convenience to Stopping Convenience to Schools Adequacy of Public Transportation Recreation Facilities Adequacy of Utilities Property Camp eUblllly Proleellon from Delrimenlal Cand. Police 8 Fire Protection General Appearance of Properties A eat to Markel Mod Ara. rW X X X X X X X X X X X Peer PRESENT LAND USE % Single Family 100 2-4 Family MuIU-lamly Commercial Industrial Vacant HAND USE CHANGE Not Likely X Likely In process To: PREDOMINANT OCCUPANCY Owner x Tenant 0 Vacant (0 -5%) X� Vacant (over 5%) a SINGLE FAMILY HOUSING PRICE AGE f(000) (yrs) 200 Low 55 500 High 70 PredominanI 290 - 66 Note: Race or the racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS: See Attached Addendum. Dlmensions60.25 x 174.51 x 60 x 178.75 site Area 10.620 sf. . Comer Lot No Zoning Classification Res i dent is1 Zar1n9Compl1anw Yes HIGHEST 6 BEST USE Present Use Yes Other Use NO Topography 41above grade & lev Size Average Shape R—ectantzular Drainage Appears ads to View Neighboring houses Landscaping Average Driveway Asphalt Apparent Easements None apparent FEMA Flood Hazard Yes* No X IFEMAI Mop/Zone 270160 / Zone C UTILITIES Public Other Electricity X❑ Gas 0 W ster QX Sanllary Sewer XO Storm Sewer X SITE IMPROVEMENTS Type Public Private Street Bituminous Q Curb/Guller Concrete. X Sidewalk Concrete X Street Lights Yes X Alley Bituminous X COMMENTS (Apparent adverse easements• encroachments, special assessments, slide areas, etc.): The site is typical in size and topography for the neighborhood. Small neighborhood park to rear of subject. GENERAL DESCRIPTION Units 1 Stories 2 Type (DeL /AIL) Detached Design (Style) Tudor Existing Yes Proposed NO Under Construction No Age (Yrs.) 67 Effective A a Yrs. 25 EXTERIOR DESCRIPTION Foundation Cone. blk. Exterior Walls Stucco Roof Surface Slate Guitars BDwnsple. Metal Window Type Dbl. hung Storm Sash Yes *Comb. screens Yes +Comb. Manufactured House No - Casement windows in FR FOUNDATION Slab No Crawl Space NO Basement Full Sump Pump None Dampness None noted settlement None noted Infestation None noted BASEMENT Area Sq. FL 1159 %Finished 40 Ceiling Drywall Floor Outside EntdequacyAyR. Walls Melectrica INSULATION Roof Calling AVR. Q Wells Cneld Q loor O one o . �X nergy Efficient Items: one 150 em ROOMS Basement Level Foyer 1 Living 1 Dining 1 Ki tchen 1 Den Family Rm. 1 Rec. Rm. 1 Bedroom 1 Baths .25 .5 laundry 1 Other Area Sq. FL 1 159 11159 Level 2 4 2 1,203 0 Finished area above grade contains: 8 Rooms: 4 Bedrooms : 2.5 Balh s : 2 q 362 Square Feel at Grose Living Area SURFACES Maledals /Condlllon HEATING Floors Hardwd. +Car . /AV Type Hotwatr KITCHEN EQUIP. Refrigerator a ATTIC None ❑ IMPROVEMENT ANALYSIS oually of Construction Goad Q Ara, F.h Peer EI Wells Plaster +DW /AV . Fuel Gas Range /Oven O Stairs D Condition of Improvements X Tdm/Finlsh Hardwood/ Average Condition Good Disposal ® Drop Stair Room Sizes /Layout X g Bath Floor Ceramic/ Good AdequacyG00d Both Wainscot Plastic/ COOd COOLING Doors . 1 panel wood/Avg. Central MStr. bath has sheet Vin Other fir. and fiber las enelos. Condlllon Flreplace(s)Masonry R 2 lAdequacy None Dishwasher Fan/Hood Compactor Washer/Dryer Microwave Intercom X X Scuttle Floor Heated Finished X g �11<JlcheR-Cablnsls-Adequacy ir I Closely and Storage EnergyElticient Plumbing- Adequacy 6 Condition Electrical - Adequacy 6 Condition It Cond. Compatibility to Neighborhood Appeal & Marketsbllly EsUmated Remaining Economic Life Estimated Remaining Physical Life X x o g X X X X 50Yrs. CAR STORAGE Garage X Attached No. Care 2 Carport ❑ Detached Condition Good None Built X -In Adequate Inadequate Electric Door X X Louse Entry Outside Entry Basement Entry XO 50Ym. Additional features: See Attached Addendum. Depreciation (Physical. functional and external lnadequaciee. repaire needed. modernization, etc.): The overall condition and level of maintenance is average. Family room and master bedroom ;-bath added in 1972. Kitchen updated in 1972. • General market conditions and prevalence and Impact In subjecl/markel area regarding loan discounts. Interest buydowns and concessions: The residential real estate market is best described as "moderately active "real estate market is best described as "moderately active" Mort age rates are at a twenty year low and acceptable to the market. Financing is readily available through a variety of lenders. No si nificant" market chan es are foreseen in the near term. e,w ro Iaee ,t,..- .�- n,,. -- C....,.,....r-w mu- r.,ww w. r"1004 rase valuoum, wallow 11611C/ .A errran rum■ ■■ L -f n -... r.. - a-.aav se s ens. Arr111A13AL Purpose of Appralaa l is to estimate Market Value as defined In the Certification Mt. .. /RT n■ No. 2M4 � r d Statement of BUILDING SKETCH (SHOW GROSS LIVING AREA ABOVE GRADE) Limiting Conditions. adpt Fr•ddN Mw w Fannie Mu, ■how any sgwn lost nh:ulalbns and scat approach cmn ■enY b. UN apaca. ESTIMATED REPRODUCTION COST -NEW -0F IMPROVEMENTS: CLA 26.00 x - 35.00 x 1 - 980 Dwelling 2,36 Sq. FL e f 105-00-S Bsmt 248,010 14,00 X 1.00 X 1 fin. 600 Sq. FL9$ 18.00- 10,800 = 14 15.00 x 11.00 X 1 = 165 Extras 28.00 x 35.00 x 1 = 980 15.00 X 11.00 Specld Energy Efficient Items - X 1 = 165 4.00 X 12.00 x 1 = 48 Porches. Patios. etc. 0 • 10.00 x 1.00 X 1 Garage /Carport 528 Sq. FL a f 16.00 re 8,448 = 10 Total S(]. Ft. = 2362 Total Estimated Cost New ............... . -f 267 258 Physical Functional External The land value estimate represents P 357. of the Less 335 i - estimated market value of the property. This land Depreciation 88 195 -f -88.195 value ratio is Common for the neighborhood and for Depreciated Value of lmpmvemenls ......... -f 'as 179,063 the community in general due to its fully developed Site Imp. la'(ddveway, landscaping. etc.) -f 4 500 high demand nature. ESTIMATED SITE VALUE ................. -f 100,000 ( 11lessehold , show only tesseholdvalue.) (Not Required try Freddie Mae and Fannie Mae) INDICATED VALUE BY COST APPROACH ... -f 28 600 Does property conform to applicable HUD/VA properly standards? Qyes QNo Conelruction Warrant' Yee No Name 11 No, explain: of Warranty Program Warranty Coverage Expires Th. undersigned he- felled Ih ... ..... I .ales el preperlb- west dmihr and p—loole to subject and has considered that, In the market analysis. The description Includes a dollar adjustment• reflecting market reaction to Ihen items el $I variation variation belw•en the subject and Comparable Is, at men rabenblu prepare•.. II a .Ianine•nt fare In IM campuablu propel, than, fu aubjpro prepay, a minus 1j: adjustment Is made, thus reducing the Indicated calua el anbjaa, II a .Ipnlllonl Item In IM comparable of less favorable than. the •object preperl,, a plus (.) adjca IN. la made, Iher Inercacino lu asp „Ire b Interior le. the Indicated vlu. el the eubjaet. ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE N0.2 BLE NO. 3 4200 Sunny si Address Edina Proximl to Subject m e mile Sales Price Price /Gross Llv. Ares $Refinance f 0 ` ! 275,000 f 29304 �Si 000 Data Source f 12332 W S : VALUE ADJUSTMENTS Sales or Financing DESCRIPTION DESCRIPTION I ae tmenl NOne� DESCRIPTION I Adjatm•nt S DESCRIPTION ( I Ad),Imnt Concessions -0- COnv. Mt . -0- one ; COTIV. Mt g. -0- No ne COnv. _ O _ Date olSale/Time NA uburban June 1992 -0 -Aril 1992 -0- Mt ;t. rch 1992 -0- -0- Location Site/View 60X176 uburban -0- 63x137 +3,000 uburban -0- 50x131 uburban -O_ Design and Appeal 2 Story 2 Stor -0- +3,000 2 Stor 60043 +3,000 Quality of Construction ood ood -0- -0- ood 2 Stor -O_ Age 1925 _ 1938 -0- -0- 1930 very Cd /8ric -10.000 Condition Averse Good -10 000 -0- ood -10,000 1933 d -O- -10 000 Above Grade Room Count Tom r adres ' Bath Total ; sdrms ; sell, 8; Tom ; sdrm. ' Bath Tam ' advert r Ball r 8: 4 2. - Grose Living Area 3: 2.5: -0- 2 230 S . FL. +3 500 8: 4: 2.5: -0- 2 436 S . FL; -2 000 7. 3, 2. 2 194 S +1,000 2 362 S . Ft. Basement dFinished Full bsmt. Full bsmt. -0- Full bsmt. -0- . FL Full bsmt. +4.000 -0- Roonls Below Grade RRt.25Bath RR.Bath -1,000 RR Den -1,000 RR -0- • Functional Heating /Coolin Averse of water Avers a -0- F.A. + C /air —2 000 very a -0- of water very a -0_ Oarse /Ce on 2 Car Garage 2 Car Cara a -0- -0- 2 Car Cara a -0- + C /air 2 Car Garage -2,000 Porches ,Patlo Poole, ate. Porch None +5,000 Porch -0- Porch Deck -0- -1,000 Special Energy None -0- None -0- -0- None -0- None -0- -0- Efficient Items -0' -0- Fireplace(s) Two WO -0- Two -0- One -0- +500 Other (e.g. kitchen Updated kite Updated kitch: -0- Updated kitchi -0- Updated kitch; -0- e ul ., remodeling) -0- -0- _Hot Adj. (total) + X -.1111 1,500 + )t -' f 10,000 f 14 500 Indicated Value >. of Subject S 273 500 IS 285 000: f 289.500 Comments on Sales Comparison: See Attached Addendum. INDICATED VALUE BY SALES COMPARISON APPROACH .................... ..................... , f INDICATED VALLEBY INCOME APPROACH ( 11 Applicable) Estimaled Market rent f 280, 000 /Mo. x Gross Mulllpller N /A -S This appraisal Is made Q 'as is' 0 subjec! to the repairs, allerallons. Inspectlers. or condlticns listed below 0 complellon par plans and specifications. Comments and Conditions of Appraisal: See Attached Addendum. FInallieconcillatiort Both the Cost Approach and Market Approach are believed Rood support for the final estimate of value. This appraisal Is based upon the above requirements, the certification, contingent and thrilling condfllons, and Marko( Value definition that are stated In BFmHA, HUD d/or VA Instructions. X Freddle Mac Form 139 (Rev. 7/86)/Fannie Mae Form 10018 (Rev. 7/86) riled with client 19 Qalleched. I (WE) ESTIMATE THE MARKET VALE DEFINED, OF THE SUBJECT PROPERTY AS OF October 14 , IS 92 to be $ 1(WE) certify: that to the beet of my (our) knowledge and belief, the facts data 280.000 and used herein are true and correct that I (we) personalty Inspected the subject both Inside and out and have made an exterior Inspection of all comparable sales In this property, tiled report- and that I (we) have no undisclosed Interest present or prospective therein. APDrsiaer(a) ” viewAppratser stwTUE �Dld e"kE Robert W. Cam bell �DldNol ire Ilcable IuaE InseeelCmnnrfv reddl- Yee ire■ d I.— capital Appraisal, Inc. ante Y.. I— It A Stale of Minnex,I■ No. 4001013/ F'edenl Certified. L -1p UNIFORM RESIDENTIAL APPRAISAL REPORT valuation aaetiw• SIIDIDI CIICOTAe CAI alt• .a.■............. - -- -- •••�•••.-.•. ...,cc.a a,W mrAniawnl ANALIJIJ FlatIW26524 Nine comparable. are presented In ad lion to that. elbd prevloeelr In this rattail. Data for the subject propertr Is tollenled far eesrenbnu. The Oeeerlpllon Ineladn a eeuar edjuetmeel, nllecllnp mules rseellen Ie thou Item. el dpnllicanl variation between the subject end comparable properties. 11 a rgnllisenl Item In tha tempuseb property te eepulsr ts, er men leeanbte than, the subjeel properlr, a minus ( -) adjustment b made, thus ndaelnp the Indicated calve of subjeel; II a slpnlllsenl Item In IM comparable b Inlarler le, err Ises Mereble than, the sable ttrepulr, a plus (•) adjustment Is made, thus Increasing the Indicated veto s or the subject. ITEM Address SUBJECT 420 Sunnysi 0 Edi va 4 COMPARABLE NO.5 COMPARABLE NO.6 Proximity to Sub act <€ 1 block Sales Price Pdce /Gross LIv. Area Data Source 81ef inance $ S = 130.47 259 900 _ f 0.00 S i 0.00 VALUE ADJUSTMENTS Sales or Financing Concessions DESCRIPTION "`' € €''; ? ;` >< <!> '4< DESCRIPTION One Onv. Mt .( -) s Ae tmenl —0— —0— DESCRIPTION .t•) ! Ae hrrenl DESCRIPTION .(•) S Adhostrourot Date of Sale/Time A PriT 1992 —0- Location uburban uburban —0— SReMew 0x176 90x115 +3 000 Design and A eel StOr Stor —0— Oueil at Construction ood er Cd /Brick' -10 000 Age 1925 1926 -0- Condition Aveme -0- Above Grade Room Count Gress Living Area Basement BFinished Rooms Below Grade Total Bath Total' a e.lh 8: 4: 1.5: 1 992 s . FL' Full bslnt. nflnished +2,500 +9 500 —0- +5,000 Total a Bath S , FL' retr' Bat S3. F1; 8; 4: 2. 2 362 S . F Full bsmt. RR .258ath Functional Utility Vera @ V @re @ —0— Neelin /COOIin Ot water Ot water -0- Garage/Carport Car Cara a Car Cara a -0- Parches. Patio Pools, eta Porch one +5,000 —0— Special Energy ElRelenl Items None gone r —0- —0- Flre laces Two ne +500 Other (e.g. kitchen equip.. remodelin Updated kite one 1 +5,000 Net Ad. total Indicated Value of Sub ecl X + -' S $ 20.500. 280.400 • - 1' s + _ LAO NEIGIiBOR1IOOD COMMENTS: Located six miles south of the Minneapolis Central Business District. The neighborhood, "Country Club" is situated in northeast Edina, W. of France Av. and N. of W.50th St. It is an older part of the community characterized by a variety of older quality built houses that are typically large in size and upper bracket in price. The neighborhood has a history of steady market demand due to its exclusive nature, quality built houses and overall convenience and amenities. ADDITIONAL FEATURES: Coved ceiling + moldings in living room: Living room has fireplace and french doors to 3 - season porch• China cabinet in dining room; Kitchen has been remodelled; Remodelled main bath with Whirlpool tub; Master bath is newer, Family room and master bedroom and bath addition in 1972; Swedish (metal) fireplace in family room; Family room has plywood panelled walls; Wet bar in rec room; Cedar closet; Water softener. COMMENTS ON SALES COMPARISON: Each of these sales are located in the subject's immediate neighborhood and are similar type properties. Due to the custom built nature of the subject and houses in this neighborhood closely matched sales were not available. The subject's site is larger than each of the comparables sites and backs up to a small neighborhood park. Sales 3 and 4 are superior in quality primarily due to their brick exteriors compared to the subjects stucco exterior. Sales 1,2 and 3 are in good condition, superior to the subject, due to newer interior decor and updating. These are the best sales available for comparison to the subject. After relatively minor and self explanatory adjustments for differences they are considered good indicators of market value. COMMENTS AND CONDITIONS OF APPRAISAL: This appraisal is of the real estate only and specifically excludes items of personal property, such as free standing appliances and any other concessions, financing costs, points, etc. This appraisal report has been prepared for the exclusive benefit of the named client stated on the front of this report. It may not be used or relied upon by any other party. Any party who uses or relies upon any information in this report, without the preparer's written consent, does so at his own risk. w RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD / REET ADDRESS 4601 Bruce Avenue ASSESSMENT DIST. SCHOOL DIST. NO. LOT 34 BLOCK 10 u) ' 3 ADD. COUNTRY CLUB DISTRICT FAIRWAY SECTION BUILDING PERMIT RECORD Number Amount URBAN LOT RECORD .PHY 11IMPROVEMENTS 11 STREETS Good -Fair -Poor 1 11 Nat'l Gas I U wits LOCATION ZONING OR Corner Lot ✓ Residential Cot Inside Lot 11 Dbl. Bung. Ind LAND VALUE COMPUTATIONS Frontage Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. Tott —Figured n 13 �7 some homestead. __tLA List parcel numbers. SALES F RMATION Date Consideration Kind of Inst. Remarks -9 2LO(22 W�' some homestead. List parcel numbers. ... "' Contract for Deed held by: 11711.-6 t,J t ? 1 nl.G -2 w F u�LH1 � WNC� Parcels covered by some homestead. List parcel numbers. ... "' 0 (0,000 =460 fJ /LO ASSESSMENT SUMMARY �— Valuation changes to be entered on next line- Indicate year and authority — Assessor, Final — Equalized, Abatement, etc. ` ASSESSED VALUES j TOTAL VALUE HOME- MARKET MARKET TOTAL FULL VALUE FULL VALUE OF OF LAND STEAD - -_ HOMESTEAD REMAINDER _ YEAR VALUE OF VALUE OF MARKET OF LAND AND 25% fit, 40 9b TOTA LAND STRUCTURES VALUE STRUCTURES STRUCTURES Yes No L 2 53T60 jqq3 1 1-17-500 -� �'� I (.� n � �� 11 n4 ; oao n..r •.,. t_, ✓ uc��l, � L -11. N L MEMO DATE: 3/30/93 TO: The City of Edina Tax Assessors Office FROM:F. Scott Neal RE: 1993 Valuation Notice To whom it may concern, This memo shall serve as notice that I believe the 1993 market value of my home is incorrect. Based upon numerous newspaper articles (see enclosed), television, and your own neighborhood comparables, I believe my home to be worth no more than $220,000. Although each of the following comparables need to be adjusted in one way or another, I cite the following as a basis for my evaluation: PID NUMBERS: 1802824120056 1802824120056 1802824120055 1802824120054 1802824120053 1802824120068 1802824120069 1802824120049 1802824120048 1802824120047 1802824130055 1802824130140 In addition, I could site several examples on Casco and Arden. I firmly believe values to be stagnant and some cases houses are unsaleable. I look forward to my reassessment and if you should have any questions or concerns, please feel free to call anytime. Sincerely, 'r - F. Scott Neal tea# ) 1 0 al Q.q 1 o 61 0 RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD REET ADDRESS 4631 ArucA Avenue ASSESSMENT DIST. SCHOOL DIST. NO. r ? -2 LOT 19 BLOCK 10 '3 ADD. COUNTRY CLUB DISTRICT FAIRWAY SECTION BUILDING PERMIT RECORD Date Number Amount Purpose � I'1 1-7F-99 Y- 7Z4 1300o F-Kparivo both b4m G reery URBAN LOT RECORD J Parcels covered by TOPOGRAPHY IMPROVEMENTS STREETS some homestead. Level ✓ Sidewalks v T Asphalt List parcel numbers. iod- Fair -Poor )CATION 11 Nat'l Gas I U with ZONING OR I trner Lot Top Infl. T Residential 1-97 Comr side Lot v, Dbl. Bung. Indu! 13 Multi - Family TOTAL VALUE HOME- metal Desirability: Good Fair 'her: T MARKET TOTAL FULL VALUE FULL VALUE OF OF LAND LAND VALUE COMPUTATIONS Frontage Figured A erage Depth Unit Price Unit Percent Front. Ft. Price Top Infl. T LS �... 1-97 Irn P3 KF- 00 13 TOTAL VALUE SALES INFORMATI ON L-12 Z1 <?cl ASSESSMENT SUMMARY valuation chowaes to be entered On net# line. indicate veor and outhontr — Assessor. Final Eauo6aed. Abatetncny:� Date Consideration Kind of Inst. Remarks LS �... ASSESSED VALUES 00 13 TOTAL VALUE HOME- _ MARKET T MARKET TOTAL FULL VALUE FULL VALUE OF OF LAND H STEAD HOMESTEAD REMAINDER TOTA TEAF YEAR VALUE OF IAHD VALUE STRUCTURES MARKET I VALUE Of LAND STRUCTURES AND STRUCTURES Ipl Yet He =Soy n �0� D I s3soo II o7 ao II /� /o� � ��►Me�v ! N i II 7591 I �•� II Ii LI j 1150060 000 11 20400 N I 1-- lql:q II OOO I 12MI N Date Consideration Kind of Inst. Remarks LS �... 00 13 99 II 56ao 9 [.� N.z /z 1 � • � I II II I II I I I I II II I II N . I I I II II II I I� tl I I � II CLI�. II ! II I I I p II Contract for Deed held by: II 1 II 1 1 1 0 1 1- 7 I II I500 PL092 - Al, 1 197 t7111% II l(,640.) is bnllst not 4-IZ�'! -- t Sr,tudi a. :; dzuon �� J r'l/ f 4631 Bmuce Are. ,Edina, 4tnnesota 55424 6L (eI4 1 -rvz-,.- L T LXIL Avl�\ ,RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD REET ADDRESS 4808 Tcwne sRoad ►ASSESSMENT DIST. SCHOOL DIST. NO. LOT _ 3 — BLOCK ; -- W 3 ADD. SOUTH WHITE OAKS BUILDING PERMIT RECORD Date //Number Amount c a n r.., -97 4-,Sl r7 nc%c-% I ) 0 ,X URBAN LOT RECORD Parcels covered by TOPOGRAPHY / IMPROVEMENTS STREETS some homestead. Level a Sidewlks Asphalt _ _ _ f _ � List parcel numbers. r7 r-t''f nn L -13 Corner Lot Residential Gomrrterctat i Inside Lot Dbl. Bung. Industrial Z;' i Multi - Family General Desirability: Good Fair Poor Other: ASSESSMENT SUMMARY LAND VALUE COMPUTATIONS _ Frontage Averoge Unit Unit Front. Ft. Total "Juation changes to be entered on next line. Indicate year and authority — Assessor, Finot Eguglircd, AbMement, etc. Figured Depth Price Percent Price Top. Intl. ASSESSED VALUES MARKET MARKET TOTAL FULL VALUE I FULL VALUE TOTAL VALUE OF LAND HOME - STEAD YEAR YALUE OF VALUE OF MARKET OF LAND OF AND HOMESTEAD REMAINDER TOTAL LAND STRUCTURES VALUE STRUCTURES STRUCTURES Yes No 2S ?; fd a0% / $3 «7500 7 :40 . �z:.r�; O - ALE NF RMATION Do te Consideration Kind of Inst. Remarks (qr (' 1- Z /r 0a (02RO 3a/3 \ 1 hkY'CC� %L/i J - I L9 E 3L) 00 FL 52000 0 S"o ?C.) 7 Contract for Deed held by: , I ?f- ) S3 q,.1 1 4 ,, I r � l �i �'-" � � 1000^ 11460e-` � 1�3 Mary Zarling 4808 Townes Road Edina, MN 55424 Edina City Hall Assessing Office 4801 W. 50th Street Edina, MN 55424 April 1, 1993 To Whom it may concern, I recently received notification from your office regarding the market value of the home estate of Florence Quist at 4808 Townes Road (# 1802824140060). I am in disagreement with the value indicated in the letter. The fair market value of the property was recently assessed to be $155,000. I have attached a copy of the property assessment made by Forsythe Appraisals on November 14, 1992. Please review the document and inform me as to what actions are necessary to reduce the value stated by your office so that it is in accordance with the appraised value of $155,000. I can be reached at 520 -5410 during normal work hours and at 926 -6896 in the evening. Your prompt cooperation in this matter is appreciated. Sincerely, Mary Zarling V REAL ESTATE SPECIALISTS FOR OVER 50 YEARS November 18, 1992 Norwest Trust 6th & Marquette Minneapolis, MN 55479 -0046 Attention: Jeff Thomas Attached is the appraisal for the property located at: 4808 Towens Road Edina, MN 55424 The subject was inspected on November 14, 1992 . The estimated "fair market value" as of November 14, 1992 , (effective date) is $ 155,000 . The property was appraised by Dean P. Loosbrock , Appraiser. No responsibility has been assumed for matters which are legal in nature, nor has any opinion on them been rendered, other than assuming marketable title. Liens and encumbrances, if any, have been disregarded and the property was appraised as though free of indebtedness. Please feel free to call us if you have a question. We appreciate your business. Sincerely, Forsythe Appraisals, Inc. DL /jp #9213508 9213508 BUS (612) 486 -9550 * FAX (612) 486 -9649 * 222 LITTLE CANADA ROAD * ST. PAUL, MN 55117 L -13 JERRY FORSYTHE Chairman T. S. FORSYTHE President FORSYTHm APPRAISALS LNC. JOHN C. FORSYTHE Vice President KITTY GARNETT � Director of Appraisal Services REAL ESTATE SPECIALISTS FOR OVER 50 YEARS November 18, 1992 Norwest Trust 6th & Marquette Minneapolis, MN 55479 -0046 Attention: Jeff Thomas Attached is the appraisal for the property located at: 4808 Towens Road Edina, MN 55424 The subject was inspected on November 14, 1992 . The estimated "fair market value" as of November 14, 1992 , (effective date) is $ 155,000 . The property was appraised by Dean P. Loosbrock , Appraiser. No responsibility has been assumed for matters which are legal in nature, nor has any opinion on them been rendered, other than assuming marketable title. Liens and encumbrances, if any, have been disregarded and the property was appraised as though free of indebtedness. Please feel free to call us if you have a question. We appreciate your business. Sincerely, Forsythe Appraisals, Inc. DL /jp #9213508 9213508 BUS (612) 486 -9550 * FAX (612) 486 -9649 * 222 LITTLE CANADA ROAD * ST. PAUL, MN 55117 I A..A, i. UNIFORU RESIDENTIAL APPRAISAL REPORT _.,= oa,13 Property Address 4808 TOwens Road Census Tract 236 LENDER DISCRETIONARY USE Sale Price . S 0.00 Date Mortgage Amount S 0.00 Mortgage Type Discount Points and Other Concessions Paid by Seller S 0.00 city Edina County Hennepin State MN Zip Code 55424 Legal Description Lot 3, Block 2 South White Oaks Addition , Owner /Occupant Map Reference 4C -33 Sale Price s Not Sold Date of Sale N/A Property Rights Appraised X❑Fee Simple ❑ Leasehold ❑Condominium(HUD /VA) OM)TDd(j%QEPUD Loan charges /concessions to be paid by seller N/A R.E. Taxes S 2,708.02 Tax Year 1992 HOA S /Mo. N/A Lender /Client Norwest Trust, 6th & Marquette, Minneapolis, MN 55479--0046 Source LOCATION LjUrban X Suburban URural BUILT UP OOver 75% 025-75% ❑Under 25% NEIGHBORHOOD ANALYSIS • .. Good Avg. Fair Pear Employment Stability ❑X ❑X ❑ ❑ GROWTH RATE ❑Rapid 0Slable []Slow Convenience to Employment ❑X ❑ ❑ ❑ PROPERTY VALUES ❑Increasing QSlable ❑Declining DEMAND /SUPPLY ❑Shorlage ® In Balance . ❑Over Supply Convenience to Shopping ❑X ❑ ❑ ❑ Convenience to Schools X❑ ❑ ❑ ❑ MARKETING TIME Under 3 Mos. FXI 3 - 6 Mos. FlOver 6 Mos. Adequacy of Public Transportation ® ❑ ❑ ❑ Recreation Facilities ® ❑ O ❑ PRESENT LAND USE % LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING Single Family 1 00 2 -4 Family Not Likely ® Likely ❑ OCCUPANCY Owner X❑ PRICE AGE S(000) (yrs) Adequacy of Utilities Q ❑ ❑ ❑ Property Compatibility Q ❑ ❑ ❑ _ Multi - lamily In process ❑ Tenant ❑ 100 Low 30 Protection from Detrimental Cord. ❑X Q ❑ ❑ Commercial To: Not Appl. Vacant (0 -5 %) X❑ Police & Fire Protection ® ❑X ❑ ❑ 750 High 65 Industrial Vacant (over 5 %) ❑ 1 General Appearance of Properties Q ❑ ❑ ❑ Predominant Vacant 200 - 40 Appeal to Market X Note: Race or the racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS: Townes Road is a quiet residential street. The homes in the area are in the $100,000 to $750,000 bracket. The sub)ect is compatible. 50th Street, a local traffic artery, is within 2 blocks & offers shopping, access to schools, employment centers, freeways. The subject is located in a desirable upper bracket nei hborhood in Edina known as "White Oaks ". Dimensions 60 X 147 Topography Level Size Average Shape Rectangular Site Area 8820 Sq.Ft. +/- Corner Lot No Zoning ClassilicationR -1 Single Family Res. Zoning Compliance No -See Addendurr HIGHEST & BEST USE: Present Use Yes Other Use None Drainage Avera a Drainage View Residential UTILITIES Public Other SITE IMPROVEMENTS Type Public Private Electricity X 100 AMP CB Street Bituminous ❑X ❑ Landscaping Average Gas Q Curb /Gutter Concrete 0 ❑ Driveway Concrete Water X❑ Sidewalk None ❑- ❑ Apparent Easements None Sanitary Sevier X❑ Street Lights Yes Q ❑ FEMA Flood Hazard Yes, No X "C" Storm Sewer X Alley None FEMAa Map/Zone 2701600002B 5/01/80 COMMENTS (Apparent adverse easements, encroachments, special assessments, slide areas, etc.): The subject is an inside site elev. 21 above street. There are several mature trees /shrubs. The lawn has had average care. Typical easements were considered in estimating fair market value. Substandard lot size - See attached. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION Units 1 Foundation C. Block-A Slab NO Area Sq. Fl. 788 Roof Cone. Q Stories 1 .5 Exterior Walls Wd /Br -Avg Crawl Space NO %Finished 577. Ceiling Cone. ❑X Type(Det. /Alt.) Detached Roof Surface A.Shing -G Basement 60% Ceiling Tile Walls Cone. Q Design (Style) Ml -Lv 1 . Gutters & Dwnspts. Alum -Good Sump Pump NO Walls Panelling Floor Conc. Q Existing Yes Window Type Alum-Avg. Dampness None Noted Floor Linoleum None ❑ Proposed Not Appl. Storm Sash Hung-Avg. Settlement None Noted Outside Entry None AdequacyAvg. ❑X Under Construction Not Appl. Screens Yes-Avg. Infestation None Noted Plumbing- Energy Efficient Items: Copper Pipe Age (Yrs.) 40 Years Manufactured House NO Elfective Aae (Yrs.) 20 Years Galvanized ROOMS Foyer Living Dining Kitchen Den Family Rm. Rec. Rm. Bedroom q Baths Laundry Other Area Sq. Ft. Basement 1 788 Leven X 1 1 1 652 Level 2 2 994 1 28 Finished area above qrade contains: 6 Rooms: 3 Bedroom(s): 2 Bath(s): 1 , 674 Square Feel of Gross Living Area SURFACES Materials /Condition HEATING Floors HW /Car et /Vin 1 Type F. Air KITCHEN EQUIP. Refrigerator © ATTIC None ❑ IMPROVEMENT ANALYSIS Good Arg. Fair Pour Quality of Construction ® ❑ ❑ ❑ Walls Plaster Fuel Nat Gas Range /Oven ® Stairs ❑ Condtion of Improvements ❑ U ❑ ❑ Trim /Finish Oak/Average Condition Good Disposal X❑ Drop Stair ❑ Room Sizes, /Layout ® Q ❑ ❑ Bath Floor Ceramic Tile AdequacyGOOd Dishwasher X❑ Scuttle X❑ Closets and Storage ❑ ® ❑ ❑ Bath Wainscot Ceramic Tile COOLING Fan /Hood ❑ Floor ❑ Energy Efficient ❑ X❑ ❑ ❑ Doors Flush /Hollow Central Yes Compactor ❑ Healed ❑ Plumbing - Adequacy 8 Condition ❑ ® ❑ ❑ Interior has had average Other N/A Good Good Washer /Dryer Microwave ❑ Intercom Finished ❑� Unf inished X 11 Electrical- Adequacy 8 Condition ❑ ® Cl ❑ Kitchen Cabinets- Adequacy S cond. ❑ X❑ ❑ ❑ Compatibility to Neighborhood - ❑ X❑ ❑ ❑ Appeal 8 Marketability - X❑ O [3 [1 Estimated Remaining Economic Life 50Yrs. maint; decor is average Condition Fireplace(s) # 2 Adequac _ CAR STORAGE: Garage X Attached No. Cars 1 Carport ❑ Detached Lj E] Adequate X Inadegr:ate ❑ House Entry Outside Entry ❑ ' Condition Average None Built -in rX_1 lElectric Door X Basement Entry X Estimated Remaining Physical Life Not AppYrs. Additional features: Freestanding appliances listed above are not included in the appraised value. The following features have not been reflected in the cost per square foot: 2 Fireplaces, Central Air, Screen Porch Built -in Applinances, Bookshelves. Depreciation (Physical, functional and external inadequacies, repairs needed, modernization, etc.): The subject is a good qualitY 3 bedroom multi -level 1.5 story. The interior decor has average appeal. The basement is 577 finished. The subject has been inspected for-physical, functional & economic obsolescence. (See Market Data . Analysis k Cost Approach). No repairs. See attached discussion. General market conditions and prevalence and impact in subjecVmarkel area regarding loan discounts, interest buydowns and concessions: The subject was not listed or sold in the past year. The borrower has applied for a conv, mortgage. Financing is available. Local market cond, constitute a supply/demand relationship considered "in balance ". Appraisal is based on 90 -120 day mktg time. . - -...— re ra/ao - r.. rea r., n. � —L—F. '.N � art -w Fannie Mae Form 1004 10/86 Valuation Soctfon UNIFORM RESIDENTIAL APPRAISAL REPORT Fee ft. 9213508 FaMose of Appraisal is to estimate Market Value as defined in the Certification 8 Statement of Limiting Conditions. BUILDING SKETCH (SHOW GROSS LIVING AREA ABOVE GRADE) ESTIMATED REPRODUCTION COST-NEW -OF IMPROVEMENTS: If for Freddie Mac or Fannie Mae, show only square toot calculations and cost approach comments in this space. Dwelling 1 , 674 Sq. Ft. e S 65 a 00 =S 108 , 810 First 26.00 x 24.00 x 1 = 624 Bsmt. Fin. 450 Sq. Ft. 9$ 12.00= 5.400 7.00 x 4.00 x 1 = 28 Extras 2 FP, C /A, Blt -in Appl. = 9,000_ Total Sq. Ft. = 652 Water Softener Bookshelves = 0 Second 30.00 x 22.00 X 1 = 660 Special Energy Efficient Items Included - 0 17.00 x 18.00 x 1 = 306 Porches, Patios, etc. Screen Porch 3,800 • 11.00 x 2.50 x 1 = 28 Garage /Carport 524 Sq. Ft. o $ 5-00- 2,620 Total Sq. Ft. = 994 Total Estimated Cost.New ................ =$ 129,630 Other 11.00 X 2.50 x 1 = 28 Physical Functional External Less Land to value ratio is 38 %. See Attached DiSCUSSiOr Depreciation 36 000 =S - 36,000 Depreciated Valu° of Improvements ......... =$ 93,630 Functional Obsolescence: None Site Imp. "as is" (driveway, landscaping, etc.) _$ 2,500 ESTIMATED SITE VALUE ................. =$ 60,000 External (Economic) Obsolescence: None (If leasehold, show ci ; easehold value.) INDICATED VALUE BY COST APPROACH ... =S 156,100 (Not Required by Freddie Mae and Fannie Mae) Construction Warranty LJY.s TN Does properly conform to applicable HUD/VA property standards? []Yes []No Name of Warranty Program None If No, explain: Not Applicable a Warranty Coverage Expires Not Applicable The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The description includes a dollar adjustment, rellec,�ng market reaction to those items of significant variation between the subject and comparable properties. It a significant item in the comparable property is superior to. a mre favorab:e than, the sublett properly, a minus ( -) adjustment is made. thus reducing the indicated value of subject: if a significant item in the comparable is inferior to, or tee sfavorable than, the subject property, a plus (•) adjustment is made, thus increasing the indicated value of the subject. ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 4808 Towens E4707 Meadow Road 4016 Lynn Avenue 5209 Windsor Avenue Address Edina Edina Edina Edina Proximity to Subject 2 blocks 3/4 mile north 1 mile southwest Sales Price $Not Sold $ 175,000 S 158,000 £ 147,000 Price /Gross Liv. Area S 0 $ 96.260 $ 102.860 $ 81 .67 0 Data Source Inspection MLS /Realtor-45 days MLS /Realtor-29 days MLS /Realtor-46 days VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION ( -) S Adjustment DESCRIPTION s Adjustment DESCRIPTION ( -) f Adjustment Sa!es or Financing Conv; 0 Pts. -0- Conv; 0 Pts. -0- Conv; 0 Pts. -0- Concessions By Seller -0- By Seller -0- By Seller -0- Date of Sale/Time Ins .11/14/9 5/92 7/92 -0- 5/92 7/92; -0- 6/92 8/92 -0- Location Good Neigh. Equal Neigh. -0- Equal Neigh. -0- Infr. Neigh. +5 000 Site /View .20 AC/Avg. .31 AC /Su r. -5,000 .15 AC /Infr. +11,000 .27 AC/Equal -0- Design and Appeal 1.5 Stor /Av 1 .5 Story/Sup: -5 000 2 Stor /Su r.: -3 000 3 Level /Equal; -0- Quality otConstruction Good Quality Equal Quality, -0- Equal Quality -0- Equal Quality, -0- Age 40 Years +/- 54 Years -0- 46 Years -0- 38 Years -0- Condition Aver-age Su r. Cond. -5,000 Su r. Cond. -7,000 Equal Cond. -0- _ Above Grade Toter ; Bdrms ; Bath Total ; Belrms ; Bath Total ; Bdrms ; Bath Total ; Bdrms Bath ; Room Count 6: 2; 1 .5 +500 T 3: 1 +500 7: 3: 2 -1,000 6: 3� Gross Living Area ea 1 , 674 Sq, Ft. 1 , 818 Sq. Ft.: -2 900 1 , 536 Sq. Ft.: +2,800 1 , 800 Sq. Ft. ; -2,500 Basement 8 Finished (Part Full 1,000 Full -1,000 Part -0- Rooms Below Grade lRecreation RuRecreation Rm: -0- lRecreation Rm: -0- Recreation Rm -0- Functional Utility Avg. Utility Equal Utility: -0- Equal Lltilit , -0- Equal Utility, -0- Hea:jlt /Conlin CFA /CA GFA /Norte +11,500 CFA /CA -0- FA /CA -0- Garage/Carport 11 Car Garage 1 Car Cara a +500 1 Car Garage +500 2 Car Garage -1 500 Perches, Patio Screen Porch 3 Season Prch; -2,000 -0- None +2,000 Pools. etc. Fence -0- Deck +1 000 -0- Spec,al Energy _ Avg. Insul. Avg. Insul. -0- Avg. Insul. -0- Avg. Insul. -0- Efficient Items DwellinR Dwelling -0- Dwelling -0- Dwelling -0- Fireplace(s) 2 1 +1,500 1 +1,500 2 -0- Other (e.g. kitchen See Page lit _ Equal Extra -0- Equal Extra -0- Equal Extra -0- equip., remodeling) Comments Features -0- Features -0- Features Net Adj. (total) Last Sale * X - ; S 16,900 + X - ; S 3,700 X + - ; S 2,000 Indicated Value of Subject S 158,100 $ 154.300 S 149,000 Comments onSr:esComparison: The above adjustments are addressed in an attached discussion. INDICATED VALUE BY SALES COMPARISON APPROACH .. ............................... .............. ..... . $ 155,000 INDICATED VALUE BY INCOME APPROACH ( IlAppficable ) Estimated MarketRent$ N /A /Mo. x Gross Multiplier N /A =$ N/A subject to the Lepers, alterations, inspections, o; conditions laleJ below completion per plans and specifications. This appraisal is made __X( -j 'as is" LO U Comments and Conditions of Appraisal: This appraisal is made "as is ". Indicated value by the Market Approach is $155,000. Indicated value by the Cost Approach is $156,100(R). Final Reconciliation: The Market Approach has proven to be the most reliable indicator of value. The Cost Approach gives additional support to the value estimate. The Income Approach was not reliable - because of limited market rental data of similar single family homes. _ This appraisal is based upon the above requirements, the certification, contingent and limiting conditions, and Market Value definition that are stated in []FmHA, HUD 8/or VA instructions. • X[]Freddie Mac Form 439 (Rev. 7/86) /Fannie Mae Form 10048 (Rev. 7/86) filed with client X[]attached. -19- I (WE) ESTIMATE THE MARKET VALUE- AS DEFNED, OF THE SUBJECT PROPERTY AS OF November 14 1992 to be i ' 155,000 1(WE) certify: that to the best of my (our) knowledge and belief. the facts and data used herein are true and correct; that I (we) personally inspected the subject property, both inside and out, and have made an exterior inspection of all comparable sales cited in this report; and that 1(we) have no undisclosed interest. ,present or prospective therein. -� Appraisei(s) SIGMArtN���� Review Appraiser snaATuRE ❑ Did [] Did Not NAME Dean Loosbrock (if applicable) NAME Inspect Property In- Mac roan lu W/o Minnesota State License #400693 Forsythe Appraisals, Inc. Fannie Mae Form 11)(1e 10 /86 Minnesota State License #400 L -13 UNIFORM RESIDENTIAL APPRAISAL REPORT Sl1PPI_r-UFNTAL SALES COMPARISON ANALYSIS Fite tro.9211506 These compaubl es are presented in addition to those tiled previously in this report. Data lo! Ins subject properly is reiterated for convenience. The description includes a dollar adjustment, ref lecling marsel reaction to those items of significant vat ra 11 on between the subject and comparable properties. It a significant item in the comparable property is superior lo, or more favorable than, the subject property. a minus ( -) adjustment 1s made. thus reducing the indicated value of subject: 11 a signillcanl item in the comparable is interior to. or less lavatabto than. the subject properly, a plus (•) adjustment is made, thus increasing the indicated value of the subject, ITEM SUBJECT COMPARABLE NO. 4 COMPARABLE NO. 5 COMPARABLE NO. 6 Address 4808 Towens F5704 Edina Code Avenue Edina Proximity to Subject 1 mile southwest Sales Price Slot Sold S 152,000 S S Price /Gross Liv. Area S 1p S 95.90 0 S 0 S Data Source Inspection LS /Realtor -8 days VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION ( -) S Adjustment DESCRIPTION ( -) s Ad stment DESCRIPTION Sales or Financing Concessions Conv; 0 Fits. By Seller -0- -0- Date olSale/Time Ins .11/14/9 7/92 9/92; -0- Location Good Neigh. Infr. Neigh. ; +5,000 Site /View .20 AC/Avg. 4 Level/Equal: -0- Design and Appeal , 1.5 Stor /Av 4 Level/Equal: -0- Quality ofConstruction Good Quality Equal Quality: -0- e Age 40 Years +/- 35 Years ' -0- Condition Average Equal Cond. -0- _ Above Grade Room Count Gross Livinq Area Total ; Bdrms; Bath Total ; Bit rms; Bath 6: 3: 2: 1 585 Sq. Ft; -0- +1 , 800 Total ; Bdrms; Bath Sq. Ft; Total Bdreni Bath I Sq. Ft: 6: 3 1 1 , 674 Sq. Ft Basement 8 Finished Rooms Below Grade Part Recreation RrrRR,Bath Part -0- -1'000 Functional Utility Avg. Utility Equal Utility: -0- Heating/Cooling FA /CA FA /CA -0- Garage/Carport 1 Car Garage 2 Car Garage -1 500 Porches. Patio Pools, etc. Screen Porch Screen Porch -0- -0- Special Energy Efficient Items Avg. Insul. Dwelling Avg. Insul. Dwelling -0- -0- Fireplace(s) 2 2 -0- Other (e.g. kitchen equip-. remodeling) See Page #1 Comments Equal Extra Features -0- -0- Net Adj. (total) X * -: S 4,300 + -; S + -; S Indicated Value of Subject S 156.300 S 5 r1n 1s..r. paaew w lti alprs Ov. Leefew roles 1®1 tY -UUr1 Frontage Figured Average Depth unit Price Unit Percent Front. Ft. Price Top. Infl. To MARKET VAIUE OF STRUCTURES TOTAL MARKET � VAIUE f(-JO q 7 q-; ^- I ; - II �a oN a 4ao � I I I L 5 O S- SALE F RMATION MARKET VALUE OF LAND On ChORCCt IO Consideration Kind of Inst. Remarks Final Edualrsed. Abatement. etc. MARKET VAIUE OF STRUCTURES TOTAL MARKET � VAIUE FULL VALUE O F LAND TE L VALUE iUll VAL OF LAND STRUCTUND UCTURES HOME- ASSESSED VALUES I STEAD HOMESTEAD REMAINDER TOTAL yes Ne ZS °.n I n e0� I I II .Sao II �a oN a 4ao � I I I L 5 O S- Contract for Deed held by: ' 190 3G0,C)50 wrl YEAR MARKET VALUE OF LAND On ChORCCt IO be C "tCrCd on RC%t line. lnd.COte year and OYthorit♦ — Assessor. Final Edualrsed. Abatement. etc. MARKET VAIUE OF STRUCTURES TOTAL MARKET � VAIUE FULL VALUE O F LAND TE L VALUE iUll VAL OF LAND STRUCTUND UCTURES HOME- ASSESSED VALUES I STEAD HOMESTEAD REMAINDER TOTAL yes Ne ZS °.n I n e0� I I II .Sao II �a oN a 4ao � I I I � I fl I II I I 9 I II I II N I II 1 II I � II I I I I I U N II I I 1 to oo ��o goo aY 9,,�0 3 6a a t,- Ifn -9► � . , 1/12/93 From: Frank A. Lederle 4507 Browndale Ave Edina, MN 55424 ID# 18- 028 -24 -21 -0037 To: _City assessor City of Edina 4801 W. 50th St Edina, MINI 55424 Dear Sirs: 0037 I am writing to question the $15,000 increase in the assessed value 'of the above mentioned property for 1993. We bought the house .11/1/90 for $360,000 which was inflated $10,000 over what the owners were prepared to accept because of the chance occurrence of three bidders that day after 4 months without bids. There has been a tendency for our home to be over - assessed; the assessment was $15,000 over selling price when we bought it and we had to go to considerable trouble to have it lowered. believe that the house is again over - assessed, particularly since there were no improvements during the year to justify this increase. This is especially difficult for us because our income is not what is perhaps expected for this neighborhood. Indeed, our property tax plus our state income tax exceeds our federal income tax, a situation I have not found to be true for any other working people I know, in Minnesota or elsewhere. I believe we are already paying at least a fair share and we are not in a good position to increase this. Thank you for your consideration. Sincerely, t 'Y -/, a, Frank A. Lederle RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD MET ADDRESS 4506 Edina Blvd. ASSESSMENT DIST. SCHOOL DIST. NO. Ii LOT 14 t 5�y/3 BOCK 6 I, 3 ADD. ('niTNTAY rT.UB T)TgTRIrT- Brown Section 14 ? BUILDING PERMIT RECORD Date Number Amount Purpose Top. Infl. Total as 14q 00 )AA.7 n�! /ILS e2 •, TOTAL VALUE FULL VALUE OF OF LAND AND STRUCTURES STRUCTURES NDME- STEAD Yes NO /duo HOMESTEAD REMAINDER 1 2S °'o n e0% TOTA` I % I Sy;r V? URBAN LOT RECORD Parcels covered by some homestead. List parcel numbers. TOPOGRAPHY IMPROVEMENTS STREETS Level Sidewalks Asphalt Hi h J Curb G Gutter Concrete Lo City Wafer 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 I.ot Dbl. Bung. Industrial Multi- Family 1 11 General Desirability: Good fair Poor other: LAND VALUE COMPUTATIONS Frontage Figured Average pfh Unit Price Unit Percent Front. Ft. Price Top. Infl. Total as 14q 00 )AA.7 n�! /ILS e2 •, TOTAL VALUE FULL VALUE OF OF LAND AND STRUCTURES STRUCTURES NDME- STEAD Yes NO /duo HOMESTEAD REMAINDER 1 2S °'o n e0% TOTA` I % I Sy;r V? f i ss i 1 SALES F RMATION Date Consideration Kind of Inst. Remarks .• I . • AperenItni. LTC. I Y[AR MARKET VALUE OF LAND )AA.7 —?1- /ILS e2 •, TOTAL VALUE FULL VALUE OF OF LAND AND STRUCTURES STRUCTURES NDME- STEAD Yes NO /duo HOMESTEAD REMAINDER 1 2S °'o n e0% TOTA` I % I Sy;r V? Contract for Deed held by: 1 /97 PLAT Nb. 74820 • re r r r I. r.. . T f 1 1 I I I A A O V ASSESSMENT SUMMARY L -15 r • f.. v w► / I � - - - - -- -- -- .• I . • AperenItni. LTC. I Y[AR MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES TOTAL MARKET I VALUE FULL VALUE OF LAND TOTAL VALUE FULL VALUE OF OF LAND AND STRUCTURES STRUCTURES NDME- STEAD Yes NO ASSESSED VALUES HOMESTEAD REMAINDER 1 2S °'o n e0% TOTA` I / I � f • .... / -I FCI MAIN OFFICE PARK NATIONAL BANK BLDG. 5353 WAYZATA BLVD., SUME 601 MINNEAPOLIS, MN 55416 (612] 544 -0015 City Assessor City of Edina 4801 West 50th Street Edina, MN 55424 -1394 a L u*W J '7 'Ylarch ..5, 1993 RE: 4508 Edina Blvd 1993 Market Valuation 1B -028- -24_-21_ ooGq lent 1 emen : wish to appeal my increase from 415,0 -.state value. as 405,000 to 415,000, Knowledge I was one year. 1993 market Value, 7 beiieve a t0 -11/2; 00 to 458,200 has nor occurred in my real year my vaivation was increased from which I hesitantly accepted. To my of very f ew increases on Edina Blvd t hat My neighbors are experiencing a 0 - 3% increase in 1993. Why have I been singled out for a 10 -112% increase? Is this 10 -1/295 increase a retaliation move by the assessing department of Edina because I challenged and received a reduction in valuation from Hennepin County 2 years ago? I am asking to not be discriminated against with a disportiorate increase. I would reefer to settle this matter amicably with the City of Edina rather Than returning to Hennepin County for an _appeal. Sincerely, Richard Antone r006 MANUFACTURERS OF INDUSTRIAL CLOTH PRODUCTS /E..iSWIAL PROPERTY RECORD AND APPRAISAL CARD TR"EET ADDRESS 4816 Woodhill Way ASSESSMENT DIST. SCHOOL DIST. NO. LOT 8 BLOCK 1 ADD. SUNNY SLOPE BUILDING PERMIT RECORD Date Number Amount r Purpose STREETS some homestead. pholt List parcel numbers. Gas Deed held IgQlll 62ZO,9 I IlSo9W 1.22,3 IM I _CAaA aL 0-Wv _s*1419� 4,2ssifta-il '' 1 T-!G•9/ Aba•� =mc.il SE.ra� i�G KC• �-z•%(a G�FIS�IfICA�tOM G�N g 4� - -- LAND VALUE COMPUTATIONS ` ` ::_'-.- ...- a::::t:.+r•++._... .. :- — -- - -- - — - -_. - -� ._�. Frontage Ar e4 ape Unit Unit Front. Ft. Top. Intl. Total � ASSESSMENT SUMMARY - -- Figured Depth Price Percent Price \ Voluotron chongcs to be entered on nett line. Indicole scot end oathorrry — Attpclsor• Finol Eauottsed• 'Abolemcnl, e14L ' TOTAL VALUE I� ItOM[: ASSESSED VALUES MARKET MARKET TOTAL fUIL VALUE FULL VALUE Of LAND II STIAD FEAR VALUE OF VALUE OF MAD.KET OF LAND of .• AND u HOMESTEAD ( REMAINDER • LA14D STRUCTURES II VALUE STRUCTURES STRUCTURES fret No 2Sos I .tI 40 1e M. SALES RMATION �f ygrL� 2'2 (37 p ` Dote Consideration Kind of Inst. Remarks T 35500 18 000 5112- v i -,60 1 � 135500 04xx� i -v 111L-5 I q I i S Deed held IgQlll 62ZO,9 I IlSo9W 1.22,3 IM I _CAaA aL 0-Wv _s*1419� 4,2ssifta-il '' 1 It April 1, 1993 Assessor's Office 4801 West 50th Street Edina, MN 55424 -1394 Gentlemen: L16 I've just received your Real Property Assessment Valuation Notice dated January 2, 1993, for my property located at 4816 Woodhill Way. Unless I'am totally wrong this represents an increase of 16 percent over last year. It is difficult to believe that my property value has had any appreciation, since we have not made any improvements to our home or grounds, and Real Estate market values have been declining at a steady rate. Kindly review your action and reason for this large increase at this time, and let me know of your decision. I will not be returning to Minnesota until some time in May, but can be contacted at the address or telephone number below. Sincer ly. Mervin Kronfeld 2100 South Ocean Blvd. Apt 106 South Palm Beach, FL 33480 407 586 3061 i 14 AL I1 • 4` 41 SiDEITiA� PROPERTY RECORD AND APPRAISAL CARD EET ADDRESS 5504 Kellogg Ave: ASSESSMENT DIST. SCHOOL DIST. NO. LOT 2 BLOCK 11 Wi 3 ADD, SOUTH HARRIET PARK I ANTI VAI m: r nupilTATInUC Frontage Fj ured Unit Price Front. Ft. Price Top. Infl. i Totq *Average gUnit Contract for Deed held by: 0 00 r r > -- . - o -rr-- - r - r r- r4 r..; ^ ri Loi ea&z Equalised, Abatement, etc, ASSESSED VALUES sad---- - 14� Yz V 'o, LS-17 .LANE AND CHARLES PAULUS ,. REALTORS° January 14, 1993 Lucille Harris 5504 Kellogg Avenue Edina, MN 55424 Dear Lucille, I am enclosing a sale at 5001 Arden Avenue that was on the market for 91 days. It started at $187,500, was reduced to $172,000 and sold at $170,000. This home is in a similar neighborhood to yours. It is brick and had been all redone with current decorating. The home had all new mechanics and a first floor family room. You'll find three baths including a master bath. The home had a 2 car attached garage. Square footage totals 2,700 versus yours at 1,650. I do encourage you to contact the City of Edina to review their assessment. Your home would compare more to the sale at 5520 Brookview which sold at $153,900. That sale is also enclosed. Good luck. Cordially, J&./ 0�ne' Paulus Realtor, GRI JP /jma enclosures EDINA REALTY 3930 W. 49 1/2 ST., EDINA, MN 55424 OFFICE 920 -1960 DIRECT 924 -8776 HOME 92029079 FAX 924 -9510 RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD MET ADDRESS 5513 .Rellogg Ave. ASSESSMENT DIST. SCHOOL DIST. NO. O V 3-1�x7'(j LOT 17 BLOCK 12 ADD. SOUTH HARRIET PARK BUILDING PERMIT RECORD Date Number Amount Pu URBAN LOT RECORD I Parcels covered by TOPOGRAPHY 11IMPROVEMENTS 11 STREETS some homestead. Level Sidewalks Asphalt _ List parcel numbers. LOCATION Corner Lot Bu LAND VALUE COMPUTATIONS Frontage Average Unit Unit Front. Ft. Top. Infl. Total Fi ured depth Price Percent Price ALE INFORMATION Date I Consideration I Kind of Inst. Remarks Contract for Deed held by: ASSES MEN-1 - SUMMAR7 Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Egu6iieedt-4rbEtement, 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 OTOTAL HOMESTEAD 25 °0 REMAINDER ri) 40% I ! 19 C,o IkA - I 9 I� J� C�c �ssN +�c Y S Si 3 Ke1 /6 y9 J L -18 3/ 919j 4,,-s. -(a 1-e7vt s C rtet,•.? /i0& , cc /rV CY6 ...r' fOt�rCG'c // ,"C I! // Cv,'�'rit� �rJ (nt 5 �� � y -� �� °I ;� (o -, 0 Ll(,o (�) ) CGl -O 2-'8 ' ? I(- ti 2 C5 1 \ A Pt X— /.7..Z RE*IRENT AL PI?15RV R!F?%�N? APPRAISAL CARD TREET ADDRESS e S t reet ASSESSMENT DIST. SCHOOL DIST. NO. LOT If BLOCK ADD. Boran's Edina Manor BUILDING PERMIT RECORD Date Number Amount Purpose URBAN LOT RECORD Parcels covered by -TIMPROVEMENTS STREETS homestead. TOPOGRAPHY some home- e.d. Level Sidewalks 4Aspholt List parcel numbers. Low rs PI AT Nn 74110 LM 19 Contract for Deed held by: i 2 LAND VALUE COMPUTATIONS V2 IV a I. q.% chr-,:c 1 1, b, C.".— a., !"'Wr A -.-.r F,-,jU fl•vil-ted. ANoternent. etc. --------- Unit Unit Front Ft. Frontage A7erage Uni Top. Intl. Total 1tOTAL VALUE POME• ASSESSE6 VALUES Figured -70 Depth Price Percent Price XuNcWET P, 1A P. K E T Tt%Tt.L r I LL VA I "FULL VALUE CF u."o STEAD q V; :L OF VALUE 4L-F . — r I OF OF LAND HOMESTEAD IZZWA!lIDER T: A! 4 25% LAh:) STRUCIL; ES VALUE E :!Ycs Fl S SALES INFORMATION Inst. Remarks CQ 0 o 16 o Date Consideration Kind of -7, I q zoqu--) -7Z2 -YD Contract for Deed held by: i 2 4L�� �' 4- e4 /2/ 19'9'.3 L -19 �i7ddd — /o�odd e ~� Description under picture / RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS ASSESSMENT DIST. SCHOOL DIST. NO. LOT 47 BLOCK ADD. — A11DITCH tS STIR - 312 BUILDING PERMIT RECORD Dote NumbeP Amount Purpose IMPROVEMENTS I Gas 1 II with alls ZONING OR USE some homestead. List parcel numbers. PLAT N0. 73975 L "20 (� General Desirability: Good Fair Poor RII i . i0 Ot er: 7Y '1 9. 1 Cv�c N rvttlr "f ") LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Average Unit Unit Front. Ft. Top. Intl. Ti Valuation changes to be entered on next fine. Indicate year and outhcrity — Assessor, Final Equalized, Abatement, etc. Figured Depth Price Percent Price MARKET MARKET TOTAL FULL VALUE TOTAL VALUE HOME - ASSESSED VALUES YEAR VALUE OF VALUE OF MARKET FULL VALUE OF LAND OF LAND I AND STEAD II HOMESTEAD REMAINDER LAND STRUCTURES VALUE If STRUCTURES CT I I STRUCTURES i !!Yes No o ZS.o 1 a n, 40,0 TOTAL - t�� co SALES INFORMATION Date Consideration Kind of Inst. Remarks ail p n L67100 --300 _ L �0) � Contract for Deed held by: ;1AI [MIMI Ems- I I, HI�I� RII i . i0 1205x 122 90D �315c�, It. J iq- CA aAl, � v 7u J iq- CA aAl, � v �ZZ .".4 RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD �, STREET ADDRESS 7213 Cornelia Drive ASSESSMENT, DIST. _ SCHOOL DIST. NO. 16 -.1 LOT 4 BLOCK 2 Ann OSCAR ROBERT'S FIRST C -2o BUILDING PERMIT RECORD Dote Number Amount Purpose r 'l �9•� T Go', No 'vv iw V LLnc.c E51A l; s Nc. 4-17-7 RAI Lot URBAN LOT RECC (IMPROVEMENTS Sanitary Storm S Nat'l Gi Parcels covered by STREETS same homestead. phalt List parcel numbers. rncrete ick I_ S— c'2 LAND VALUE COMPUTATIONS Frontage I Average I Unit I Unit I Front. Ft. Top. Intl. Total Fiqured Depth Price Percent Price T rks 7 -7 -71 PLAT NO. 76905 L'2I I' ASSESSMENT SUMMARY -Hy9g valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalised, Abatement, etc. MARKET MARKET TOTAL FULL VALUE TOTAL VALUE ASSESSED VALUES OF VALUE OF MARKET FULL VALUE OF OF LAND Em-I JYEARVALUE LAND STRUCTURES VALUE OF LAND STRUCTURES WSTEAD HOMESTEAD REMAINDER TOTAL STRUCTURES 25°{s �s) qpo� 110 I Em-I j La ,z February 26, 1993 Assessor's Office City of . Edina 4801 West 50th Street Edina, Minnesota 55424 RE: Valuation 7213 Cornelia Drive PID #31- 028 -24 13 0034 To whom it may concern: We would like to contest the excessive valuation of this house. Last fall we discussed this with Ed Peterson and invited him to tour the house. Still, the assessment remained at $162,800 although we purchased this house on June 15, 1992 for $158,000. Please correct this error. Sincerely, J R. DeMars Victorsen 612/835 -4498 RESIDENTIAL P PERTY RECORD AND APPRAISAL CARD /STREET ADDRESS West Shore Dri va _ ASSESSMENT DIST. SCHOOL DIST. NO. _ 16--/ . 2 LOT d e n L L; ; TOTES - ADD. BUILDING PERMIT RECORD Date Number Amount :,. ( ?r r t URBAN LOT RECORD TOPOGRAPHY IMPROVEMENTS STREETS Level High Average D th Sidewalks Curb G Gutter Unit Percent Asphalt Concrefr Low Total City Water /`'. Brick REMAINDER 'rl TOTAL Sanitary Sewer Gravel DRAINAGE Storm Sewer Dirt Good -Fair -Poor Yes No Nat'I Gas o, 40,a with alli LOCATION Corner Lot 1 11 ZONING Residential 1 11 OR USE Common rt> (/ a •- H r.� F _ !(�_ Eel � Parcels covered by I some homestead. List parcel numbers. r7 p � PI AT NO / r7 /175 Lu22 r JUN • 7r ra . , r P� :' LAND VALUE COMPUTATIONS I - - -- - -- Frontage Figured Average D th Unit Price Unit Percent Front. Ft. Price Top. Intl. Total i /`'. REMAINDER 'rl TOTAL STRUCTURES Yes No ASSESSMENT 5UMMARY Valuation ehongcs to be entered on next line„ Indicate year and authority — Assessor, Final Equalized • Abatement, etc. MARKET MARKET TOTAL FULL VALUE TOTAL VALUE HOME. ASSESSED VALUES FULL VALUE OF LAND STEAD YEAR VALUE OF LAND VALUE OF STRUCTURES MARKET VALUE OF LAND OF STRUCTURES AND AND REMAINDER 'rl TOTAL STRUCTURES Yes No n 25/0 o, 40,a I ALES INFORMATION i r : % Date Consideration Kind of Inst. Remarks / O < i Ills_ � ,, } r , I •, .I J A _> O Contract for Deed held by: - I =l 00 J i _ 37�� 000 I 137 _ A 3 L72 L -22 ZLe� zz, - iz- Xjr o? 7-4a� RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD i STREET ADDRESS 6425 Mendelssohn IaI3P ASSESSMENT DIST. SCHOOL DIST. NO. 135 -I LOT 3 BLOCK 2 ADD. MENDELSSOHN HEIGHTS BUILDING PERMIT RECORD Date Number Amount Purpose 5/" or I o ., / :? " !� 91- ova J / - 41 !, - 2y "O p / Qa T. c Qom_ Z- • �. i'a. __ :. f - URBAN LOT RECORD Parcels covered by TOPOGRAPHY 11IMPROVEMENTS 11 STREETS some homestead. Level Sidewalks Asphalt List parcel numbers. LAND VALUE COMPUTATIONS 76182 L.23' PLAT NO. PAR Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Intl. - A»tJ�MtN 1 JUMMAKT Total Valuation changes to be entered on nett 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 o' ZS a REMAINDER ('i, 40% TOTAL - -- 1 C..rY .,�� SALES INFORMATI ON Date onsideration Kind of Inst. Remarks 8- a,- o o o ►a 3 c `l..i U�`i o In Ql..' C%U "/ f nl �. lq�q C-Z' I r Contract for Deed held by: y ao I /A /DO IlZ to - o _11 l03 0 D 1142JOL),) sop - OQ _l25Z L5 eO 1252 0D TA 112- I -�7— a i- RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 6076 Olinger Circle ASSESSMENT DIST. SCHOOL DIST. NO. _16 Wl LOT _ -?_ BLOCK --2.---- ADD. SCENIC, VIEW FIRST Average Depth Unit Price Unit Percent BUILDING PERMIT RECORD Top. Intl. Date Number Amount Purpose TOTAL L _ I /yiio() 1. "L ILL 7� 14 _ �. 4 Wn.��11 MS 31900 1 lIoo 1l 3coo - L� III URBAN LOT RECORD Parcels covered by same homestead. List parcel numbers. TOPOGRAPHY JIMPROVEMENTS 11 STREETS Level Sidewalks Asphalt High Curb G Gutter Concrete Low City Water . Brick Sanitary Sewer Gravel DRAINAGE Storm Sewer Dirt Good - Fair -Poor I I I Nat'l Gas with alley Z 11 d 112 122W N I LOCATION ZONING OR USE Corner Lot Residential 1 11 Commercial I II Inside Lot 11 Dbl. Bung. 1 11 Industrial I AAIn VA111F rnupilTATInWr, Frontage Figured Average Depth Unit Price Unit Percent Front. Ft Price Top. Intl. Total It HOMESTEAD 25% REMAINDER n, 40% TOTAL L _ I /yiio() <^ _ ; "L ILL cAI Ff INFnRMATInN Dat Consideration Kind of Inst. Remarks FULL VALUE OF LAND TOTAL VALUE FULL VALUE OF LAND OF AND STRUCTURES STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER n, 40% TOTAL L _ I /yiio() <^ _ ; "L ILL MS 31900 1 lIoo Contract for Deed held by: PLAT NO. , 76962 Jut rf ASSESSMENT SUMMARY Valuation cAenaes to he entered on nefl Ian• Ind.rnr• ..nn. enA n..rl.n..r. _ ♦........, e:...1 e......I...w A& ....... YEAR MARKET VALUE OF LAND L -24 TOTAL MARKET 1 VALUE ASSESSMENT SUMMARY Valuation cAenaes to he entered on nefl Ian• Ind.rnr• ..nn. enA n..rl.n..r. _ ♦........, e:...1 e......I...w A& ....... YEAR MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES TOTAL MARKET 1 VALUE FULL VALUE OF LAND TOTAL VALUE FULL VALUE OF LAND OF AND STRUCTURES STRUCTURES HOME- STEAD Yes No ASSESSED VALUES HOMESTEAD 25% REMAINDER n, 40% TOTAL q0C I /yiio() I /730Co 30/a MS 31900 1 lIoo 1l 3coo - 1W7 \-Iq,%DC II -4(A Q,021 II 2 N 11 I 166ZOO 4 2 I I I I Z 11 d 112 122W N I II II I II d I I II x•24 If. - Benjamin S. & Helen T. Leung ,6076 Olinger Blvd Edina, MN 55436 April 13, 1993 City Assessor City of Edina 4801 W 50th St Edina MN 55424 -1394 Dear Assessor: I was informed by the Edina Reality that I am paying at least $1000 more in taxes than other property owners in my neighborhood. I am submitting documents provided by the reality for your information. I should appreciate it if, during the coming Board meeting, you would bring our property up for reevaluation. I am also requesting a procedure how I may request refund of overpaid taxes in the past years since I own this property. I appreciate your help in this matter. Thank you. Sincerely, Benjamin S. Leun , Ph.D. NO Houses Similar To Yours That Have Sold 100878 BR- 4 BA- 1/2/0 4LV /SPL CON L- $209,900 07/13/92 31 DAYS PTS- 0 SO-5878 OLP- 209,900 S- !208,000 PHOTO TO BE SUBMITTED BY L.O. $024 SHANE DR TAX S 2028 /92 /F MAP 28.41 MUN EDINA ZIP 66439 TWA S 2628 AR 686 SUS 1 DiV 3 COU HENN ASS S 0 ASP N LOT 97X126X127X135 ACR 0 1;fSFOAI9 93 /F Y8L 1964 N DIR ANTRIM RD TO CHAPEL W. TO ERIN $0. TO SWINE 00928_8 CHAPEL HILLS IS THE BETTING FOR TF11B MULTI -LEVEL HOME. A GREAT FAMILY NEIGHBORHOOD THAT 19 NEAR MAJOR HIGHWAYS YET SET IN A QUIET AREA WITH MATURE a114M L APROX SEW CONNECT MPH WSH DRY BU9 FLT D o LR M 19X12 18 U 16X11 FPL L.F AIR C TRM CON DR M 12X11 2B U 12X9 HEA FA / OAS MTG 0 INT 0 % FR M 16X18 38 U 11X11 EXT WOD,WS EXF CON OD 0 ASM N K? M 11XS AS L 11X11 BSM F,L.D PIN S 0 2MC 2MA FR L 22X12 AN L 22X12 GAR 2.A.Y NEEDS NEW FINANCING LIST NO 009288 1SUP1 1 ADD 6024 SHANE DRIVE YOU'LL BE PLEASED WITH THE 90'8 FEEL AND WONDERFUL DECOR - TO THIS HOME. ALL 18 LIGHT WITH 810 WINDOW$ AND NEW SKYLIOHTB. NO CONCERN OVER THE KITCHEN AND BATHS AS THEY ARE NEW WITH CORUAN COUNTERS. KITCHEN 19 RICH WITH ABUNDANCE OF CHERRY WOOD CUPBOARDS. MAIN FLOOR HAS FORMAL LIVING SPACE PLUS THE FEATURES OF A FIRST FLOOR FAMILY ROOM. OFF THE MAIN FLOOR 18 ANOTHER FAMILY ROOM FOLLOWED BY AN AMUSEMENT ROOM. 'THE FOUR BEDROOMS ALLOW PRIVACY FOR EVERYONE IN THE FAMILY. THERE ARE AREAS FOR A HOME OFFICE OR SPECIAL INTERESTS. THE GENEROUS SQUARE FOOTAGE 18 OPEN AND FLOWS 90 NICELY. HERE 18 A HOME YOU CAN TRUELY MOVE INTO. NEW CARPETING, CERAMIC TILE. FRESH PAINTING INSIDE AND OUT. FUN DECORATING, AND NEW MECH. TO THE HOME MAKE IT A DREAM TO MOVE INTO. N8P ■ 643.00111110 MINNEOASCO S29.00VMO L.R. DRAPES WILL BE EXCHANGED FOR ANOTHER SET 3 MLS 1� OF OBOE DRAPES. Edina Rcal a ty � is Metropolitan Financial company. COMPARISON PROPERTY --------------- - - - - -- STREET 1 STREET NAME ADDRESS 6024 SHANE DRIVE LISTING PRICE $209,900 SALES PRICE $205,000 TERMS CONV DATE OF SALE 7/13/92 DAYS LISTED 31 COMPARABLE'S INFERIOR FEATURES: ---------------------- ----- --- 1 NONE COMPARABLE'S SUPERIOR FEATURES: ------------------------------ i NEW DECOR 2 NEW KITCHEN 6 BATH 3 NEW CARPET 6 TILE 4 NEW MECHANICAL ER 310P (5/88) - , 2 SOLD PROPERTY 6024 SHANE DRIVE ;SQUARE; - PROPERTY ;BRS_;BATH; -FEET - ;DR - ;FAH;. ; -;RM- ;GARS;- LOT - - - - -- ------------------------------------------------------------------------------ ; YEAR SIZE ;BUILT ------------------------------------------------------------------------------ ; ;TAXES ;CENTRAL ; ;AIR COND; EXTRAS ; LIST ; SALE DAYS ; ; ; PRICE ; PRICE ; LISTED ;TERMS; ;YOUR ; ; ; ;PROPERTY ; 4 ; 3 ; --------------------------------------------------------------------------------------------------------------- 1548 2831 ; ;Y ; ; ; ;LL ; 2 ;1RREG SQ.FT.; 1968 ; 4310 ;YES ;FIREPLACE , ;COMPARISON; ; ; ;PROPERTY ; 4 ; 3 ; 2505 ----------------------------------------------------------------------------------------------------- ; ;Y ; ;M ; 2 ;IRREG SQ.FT.; 1964 ; ; 2628 ; ;SKYLIGHT ;YES ;TWO FIREPLACES 3209,900 ;5205,000 ; 31 ;CONV ; - - - - -- 100878 BR- 4 BA- 1/2/0 4LV /SPL CON L- $209,900 07/13/92 31 DAYS PTS- 0 SO-5878 OLP- 209,900 S- !208,000 PHOTO TO BE SUBMITTED BY L.O. $024 SHANE DR TAX S 2028 /92 /F MAP 28.41 MUN EDINA ZIP 66439 TWA S 2628 AR 686 SUS 1 DiV 3 COU HENN ASS S 0 ASP N LOT 97X126X127X135 ACR 0 1;fSFOAI9 93 /F Y8L 1964 N DIR ANTRIM RD TO CHAPEL W. TO ERIN $0. TO SWINE 00928_8 CHAPEL HILLS IS THE BETTING FOR TF11B MULTI -LEVEL HOME. A GREAT FAMILY NEIGHBORHOOD THAT 19 NEAR MAJOR HIGHWAYS YET SET IN A QUIET AREA WITH MATURE a114M L APROX SEW CONNECT MPH WSH DRY BU9 FLT D o LR M 19X12 18 U 16X11 FPL L.F AIR C TRM CON DR M 12X11 2B U 12X9 HEA FA / OAS MTG 0 INT 0 % FR M 16X18 38 U 11X11 EXT WOD,WS EXF CON OD 0 ASM N K? M 11XS AS L 11X11 BSM F,L.D PIN S 0 2MC 2MA FR L 22X12 AN L 22X12 GAR 2.A.Y NEEDS NEW FINANCING LIST NO 009288 1SUP1 1 ADD 6024 SHANE DRIVE YOU'LL BE PLEASED WITH THE 90'8 FEEL AND WONDERFUL DECOR - TO THIS HOME. ALL 18 LIGHT WITH 810 WINDOW$ AND NEW SKYLIOHTB. NO CONCERN OVER THE KITCHEN AND BATHS AS THEY ARE NEW WITH CORUAN COUNTERS. KITCHEN 19 RICH WITH ABUNDANCE OF CHERRY WOOD CUPBOARDS. MAIN FLOOR HAS FORMAL LIVING SPACE PLUS THE FEATURES OF A FIRST FLOOR FAMILY ROOM. OFF THE MAIN FLOOR 18 ANOTHER FAMILY ROOM FOLLOWED BY AN AMUSEMENT ROOM. 'THE FOUR BEDROOMS ALLOW PRIVACY FOR EVERYONE IN THE FAMILY. THERE ARE AREAS FOR A HOME OFFICE OR SPECIAL INTERESTS. THE GENEROUS SQUARE FOOTAGE 18 OPEN AND FLOWS 90 NICELY. HERE 18 A HOME YOU CAN TRUELY MOVE INTO. NEW CARPETING, CERAMIC TILE. FRESH PAINTING INSIDE AND OUT. FUN DECORATING, AND NEW MECH. TO THE HOME MAKE IT A DREAM TO MOVE INTO. N8P ■ 643.00111110 MINNEOASCO S29.00VMO L.R. DRAPES WILL BE EXCHANGED FOR ANOTHER SET 3 MLS 1� OF OBOE DRAPES. Edina Rcal a ty � is Metropolitan Financial company. COMPARISON PROPERTY --------------- - - - - -- STREET 1 STREET NAME ADDRESS 6024 SHANE DRIVE LISTING PRICE $209,900 SALES PRICE $205,000 TERMS CONV DATE OF SALE 7/13/92 DAYS LISTED 31 COMPARABLE'S INFERIOR FEATURES: ---------------------- ----- --- 1 NONE COMPARABLE'S SUPERIOR FEATURES: ------------------------------ i NEW DECOR 2 NEW KITCHEN 6 BATH 3 NEW CARPET 6 TILE 4 NEW MECHANICAL ER 310P (5/88) - Houses Similar To Yours That Have Sold BR COULD BE DEN OR 1ST FLOOR FR.LOWER LEVEL FR HAS GREAT VIEW ON 112 ACRE WOODED PARK -LIKE LOTILAROE MASTER SUITE W1 WALK -IN CLOSET IL BATH.SCREEN PORCHI2 112 CAR GAR.HDWD FLR. L APROX L APROX ISEW CONNECT MPH BUS POR HWF LR M 24X16 18 U 18X13 =oL L,F AIR C IRM CON CIN DR M 12X12 28 U 13X10 —M FA I GAS MTG 0 INT 0 1 FR L 24X13 30 U 11X11 EXT WOO EXF CON OD 0 ASM 1 K1 M 18X12 AB U 16X13 8Sht L PIN so 2MC 2MA LO L 30X12 CAR 2,A,T SELLERS CLOSING ON NEW NB PO M 12XIO 39T N kIST Y W18.PREFER CLOSING THEN r MIS 121 Edina Realty is a Metropolitan Financial company. I i COMPARABLE'S SUPERIOR FEATURES: ------------------------------ 1 HARDWOOD FLOORS 2 PORCH 3 FOUR BEDROOMS UP 4 TWO FIREPLACES ER 3MP (5/88) 3 SOLD PROPERTY 5400 CHANTRY PLACE ------------------------------------------------------------------------------------------------------------------------------------ ;SQUARE; ;FAN; ; ; YEAR ; ;CENTRAL ; ; LIST ; SALE ; DAYS ; PROPERTY ;BRS. ------------------------------------------------------------------------------------------------------------------------------------ ;BATH; FEET ;DR ;RH ;GAR.; LOT SIZE ;BUILT ;TAXES ;AIR CORD; EXTRAS ; PRICE ; PRICE ; LISTED ;TERMS; ,YOUR ; ; 1548 ;PROPERTY ; ------------------------------------------------------------------------------------------------------------------------------------ 4 ; 3 ; 2831 ;Y ;LL ; 2 ;IRREG SQ.FT.; 1968 ; 4310 ;YES ;FIREPLACE :COMPARISON; ; ; 1850 ; ; ; 113 X 192 ; ; ;TWO FIREPLACES, ;PROPERTY ; 4 ; 3 ; 3000 ;Y ;LL 2 ;21696 SQ.FT,; 1955 ; 3342 ;YES ;PORCH ',S219,900 3212,000 ; 54 ;CONV ------------------------------------------------------------------------------------------------------------------------------------ COMPARISON PROPERTY STREET I STREET NAME 066024 BR- 4 BA- 112/0 4LV /SPL CON L- $219,900 ADDRESS 5400 CHANTRY PLACE 05/06/92 54 DAYS PTS- 3392 SO-6274 OLP- 219,900 S- :212,000 LISTING PRICE $219,900 ,.t >? SALES PRICE $212,000 .� 4' ,t • {'.;Qyy,: , •:: is v4�}:yr ` �.., 'd�'..*, > 'rte: <• �• �.... • ..�:...;.:•.:�.�° {:. > : TERNS CONV DATE OF SALE 5/6/92 •.:: �� li, DAYS lIS1ED 54 .iV 5400 CHANTRY RD TAX S »42 182 /F MAP 70.0 COMPARABLE'S INFERIOR FEATURES: MUN EDINA ZIP 6643e TWA S 33U ------------------------------ AR 588 SUB 1 DN 3 COU NENN SB so ASP U LOT 113X182 ACR .8 HS FOR 19 93 1 F YBL 1861 1 _ FiR VFRNON TO cHANTRFV RO NORTH TO H0111F f 7x078 1 NONE BR COULD BE DEN OR 1ST FLOOR FR.LOWER LEVEL FR HAS GREAT VIEW ON 112 ACRE WOODED PARK -LIKE LOTILAROE MASTER SUITE W1 WALK -IN CLOSET IL BATH.SCREEN PORCHI2 112 CAR GAR.HDWD FLR. L APROX L APROX ISEW CONNECT MPH BUS POR HWF LR M 24X16 18 U 18X13 =oL L,F AIR C IRM CON CIN DR M 12X12 28 U 13X10 —M FA I GAS MTG 0 INT 0 1 FR L 24X13 30 U 11X11 EXT WOO EXF CON OD 0 ASM 1 K1 M 18X12 AB U 16X13 8Sht L PIN so 2MC 2MA LO L 30X12 CAR 2,A,T SELLERS CLOSING ON NEW NB PO M 12XIO 39T N kIST Y W18.PREFER CLOSING THEN r MIS 121 Edina Realty is a Metropolitan Financial company. I i COMPARABLE'S SUPERIOR FEATURES: ------------------------------ 1 HARDWOOD FLOORS 2 PORCH 3 FOUR BEDROOMS UP 4 TWO FIREPLACES ER 3MP (5/88) Houses Similar To Yours That Have Sold a SOLD PROPERTY 6612 GALWAY DR ----------------------------- ------------------------------------- t ;SQUARE; ;F AH ; ; ; YEAR ; ;CENTRAL ; SAIE ; DAYS LIST ; ; PROPERTY ;BRS.;BATH; FEET ;DR ;RM ;GAR.; LOT SIZE ;BUIL1 ;TAXES ;AIR CONO; EXTRAS ------------------------------------- --- __________ PRICE ; PRICE LISTED ;TERMS; --------------------------------- ;YOUR --------- - --------- - ------------------- - - - - -- ; ; ; 1548 ; ; ; ; ; 4 3 , ,LL 2 IRREG SQ.FT.; 1968 ; 4310 YES ' PROPERTY ' ' , 2831 Y ;FIREPLACE , --------------------------------;---- ;COHPARISON; 2009 - " " " " " - " °" °' ° °----- - -- ---- ; ; ; 89 X 133 ; ; � 1 ;PROPERTY ; 4 ; 3 ; 3145 ;Y ;LL ; 2 ;11831 SQ.FT.; 1959 ; 3462 :YES :FIREPLACE 5224,000 :$2191000 161 ;CONY ; © MLS 0 100881 BA• 4 BA- 1/1/1 4LV /SPL CON L. &224.000 02/16/93 151 DAYS PTS.0 SO-5878 OLP- 234.900 S- $219.000 6612 GALWAY DA MUN E NNA AR 686 SUB 1 ZIP 564" DIV 2 COU NFNN WAUUNO afTANCE TO SaIOOL.IMMACULATE MOVE-IN CONDITION MANY WILT IN STORAGE MEAT. GREAT IIOME FOR FAMILY A ENTERTAINING 714.An AI CONNECT REF.RM LAPROX SEW CONNECT MPNLR M 268X12 FPL F AIR C IRM COOR M 17X11 IIF.A FA / GAf MIG 0 FR L 29!X12 FXI WOD.M/V EXF CLR KT M 12X12 nSM F 1`IN S 0 A l 20CAR 2 ID M 13X113 Y MDI Y T INT 0 % Ono ASM N 2MC 2MA Edina Realty is a Metropolitan Financial company. COMPARISON PROPERTY --------------- - - - - -- STREET I STREET NAME ADDRESS 6612 GALWAY DR LISTING PRICE $224.000 SALES PRICE $219,000 TERMS CONV DATE OF SALE 2/16/93 DAYS LISTED 161 COMPARABLE'S INFERIOR FEATURES: ------------------------------ 1 NONE COMPARABLE'S SUPERIOR FEATURES: --- --- -- --- -- ----- ------ -- ---- -1 MORE SQUARE FOOTAGE ER 310P (5m) Houses Similar To Yours That Have Sold 4 5 SOLD PROPERTY 5513 GLENGARRY PARKWAY ------------------------------------------------------------------------------------------------------------------------------------ ;SQUARE; ;FAN; ; YEAR ; ;CENTRAL ; ; LIST ; SALE ; DAYS ; ; PROPERTY ;BRS. ;BATH; FEET ;OR :RN ;GAR.; LOT SIZE ;BUILT ;TAXES ;AIR COND; EXTRAS ; PRICE PRICE ; LISTED ;TERNS; ------------------------------------------------------------------------------------------------------------------------------------ ;YOUR ; ; 1548 ; ;PROPERTY ; 4 ; 3 ; 2831 ;Y ;LL ; 2 ;IRREG SQ,FT.; 1968 4310 ;YES ;FIREPLACE ' -------- -- - - -- ,COMPARISON, , , 1800 , , , , , ,TWO FIREPLACES, ;PROPERTY ; 3 ; 3 ; 2220 ;Y ;M ; 2 ;IRREG SQ.FT.; 1955 ; 3111 ;YES ;PATIO ;$229,900 ;5222,000 ; 32 ;CONV ; ------------------------------------------------------------------------------------------------------------------------------------ COMPARISON PROPERTY --------------------- STREET I STREET NAME ADDRESS 5513 GLENGARRY PARKW 000828 BR- 3 BA- 1/210 3LV /SPL CON L- 5229,900 LISTING PRICE 5229300 11/17/92 32 DAYS PTS -0 SO-6455 OLP- 239,900 S- $222,000 AI`} SALES PRICE $222,000 TERMS CONV Y r DATE OF SALE 11/11/92 DAYS LISTED 32 I3 MLS I2[ Edina Really is a Metropolitan Finarwial comparry. ER 310P (5188) COMPARABLE'S INFERIOR FEATURES: 6613 GLENGARRY PKWY TAX Sw3177 /92+ /F MAP 313-33 ------------------------------ MUN 0 ZIP 66436 TWA S 3177 AR 686 SUO 1 DIV 3 COU HENN ASS S 0 ASP N 1 NONE LOT 114X 168X 106X 141 ACR .38 IIS FOR 19 93 / F YOL 1966 N DIR VERNON W OF TRACY TO GLENGARRY N TO HOME I 029682 UPDATED 3 LEVEL IN CONVENIENT A POPULAR EDINA IIIGHLANDSI GRAND SIZED LANI. W/STONE FPLIGLASS ORSI -MAIN FLOOR DEN/FAM. RM. IS PANELLED. 3 GOOD SIZED BDRNIS UP- FINISHED AMUS. ROOM HAS 2ND FPL & 3/4 RATH•PARK LIKE YARD -PATIO OFF SKDOOR•SHARP LGL LOT 8 BLOCK 2 JOHN E. ANDERSON ADON. EDINA HIGHLANDS COHPARABLE'S SUPERIOR FEATURES: PID 32. 117.21.12.0014 WAI CONNECT REF,RNG,DWS,DSP,WSR,FAI -----°°—°°-----"'-------- L APIIOX L APROX SEW CONNECT MPH,BUS,D/P,HWF LA M 27X16 18 U 16X16 FPL L.A AIR C IRM CON,CIN TWO FIREPLACES DR M 11X10 28 U 16X11 IIEA FA / OAS MIG 148000 INT 0 % -1 FR M 13X11 38 U 14X10 EXT WOO,8/S EXF CON OD 0 ASM N KT M 9X8 48 BSM F,L PIN S 0 2MC 2MA - 2 HARDWOOD FLOORS ID 9X7 AN L 26X16 GAR 2,T.Y NEEDS NEW FINANCING 138T Y MBT Yj RATES ARE STILL LOWII SDN 271 SDP 887.9223 IFSZ 1800 AGF 1800 BGF 420 FSF 2220 3 UPDATED I3 MLS I2[ Edina Really is a Metropolitan Finarwial comparry. ER 310P (5188) Houses Similar To Yours That Have Sold Lw24 4 SOLD PROPERTY 6000 OLINGER BOULEVARD ----------------------------------------------------------------------------------------------------------------------------- ;SQUARE; ;FAN; ; ; YEAR ; ;CENTRAL ; ; LIST ; SALE ; DAYS ; ; ITY ;BRS. ;BATH; FEET ;DR ;RM ;GAR.; LOT SIZE ;BUILT ;TAXES ;AIR COND; EXTRAS ; PRICE ; PRICE ; LISTED ;TERNS; ----------------------------------------------------------------------------------------------------------------------------- 1548 fY ; 4 ; 3 ; 2831 ;Y ;LL ; 2 ;IRREG SQ.FT.; 1968 ; 4310 ;YES ;FIREPLACE ----------------------------------------------------------------------------------------------------------------------------- iSON; ; ; 1100 ; ; ; - ; ; fY ; 4 ; 3 ; 2802 ;Y ;M ; 2 ;IRREG SQ.FT.; 1965 ; 2113 ;YES ;TWO FIREPLACES ;5214,000 3216,000 ; 24 ;CONV ; ----------------------------------------------------------------------------------------------------------------------- - - - - -- 1 64911 BR- 4 BA- 1/1/1 2 STORY CON L- $214,000 08/29/92 24 DAYS PTS- 0 SO-6236 OLP- 214,000 S4216,000 6000 OLINGER BLVD. ITAX $ 2713 192 /F MAP 2A -41 MUN EDINA ZIP 66436 TWA S 2713 AR 686 SUB 1 ON 3 COU HENN ASB SO ASP U WONDERFUL 2 -STORY ON CORNER LOT ACROSS FROM BREDESEN PARK. 3 -YEAR NOV KITCHEN W/VERY UPGRADE APPLIANCES, FIXTURES AND CABINETS. ABOVE - AVERAGE CONDITION AND REPAIR. MANY, MANY EXTRAS. SEE SUPPLEMENTS FOR DETAILS OF EACH LEVEL. DO SEE IT 1 rt t nT It m nrrc • ierotmr view sun Anninnu PID 22.117.21.31-0093 WAT CONNECT SEW CONNECT FPL FA AIR C REF.RNO,DW9,DSP,MIC.F/H MP",D1P,HWF L APROX L APROX LR M 18X16 18 U 18X12 TRM CON CIN OR M 12X12 26 U 13XIO IIEA FA'/ OAS MTG 0 INT 0 % FR M 17X18 38 U 12X10 EXT M/V.WS EXF CON OD ASM N KT M 19X11 4B U 12X9 BSM F.L.O ' PIN S 0 2MC N 2MA N AWL 27X13 OR L 16X14 GAR 2.A.Y OBT RI MOT Y SON 273 SOP 920 -2980 IFSZ 1100 AGF 1976 BGF 1100 FSF 2802 COMPARISON PROPERTY --------------- - - - - -- STREET E STREET NAME ADDRESS 6000 OLINGER BOULEVA LISTING PRICE ;214.000 SALES PRICE $216.000 TERMS CONV DATE OF SALE 8129/92 DAYS LISTED 14 COMPARABLE'S INFERIOR FEATURES: -------- -- --- -- --- -------- ---- 1 NONE COMPARABLE'S SUPERIOR FEATURES: 1 NEW KITCHEN 2 NEW CARPET 3 HARDWOOD FLOORS 4 NEW ROOF 'b ao Edina Realty is a Metropolitan Financial cornlwty. ER 310P (5188) - PROPERTY- ;BRS�; ;YOUR ; ;PROPERTY ; 4 ; ;COMPARISON; ; ;PROPERTY ; 4 ; Houses Similar To Yours That Are For Sale ;SQUARE; ;FAN; BATH;- FEET- ;DR -;RM- ; 1548 ; ; 3 ; 2831 ;Y ;LL ; ; 1470 ; 3 ; 2566 ;Y ;LL ; It ACTIVE LISTING 1205 HEATHERTON CIRCLE ; YEAR ; ;CENTRAL ; ; LIST ; GAR,; LOT SIZE ;BUILT ;TAXES ;AIR COND; EXTRAS ; PRICE ; I I I I I I 2 ;1RREG SQ.FT.; 1968 ; 4310 ;YES ;FIREPLACE ; ;FIREPLACE, DECK, ; ; 2 ;IRREG SQ.FT.; 1911 ; 2992 ;YES ;SPRINKLER,SECURITY;5188,700 ; 144536 BR- 4 BA- 1/1/1 4LV /SPL C $199,900 COMPARISON PROPERTY INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED STREET 1 STREET NAME ADDRESS 7205 HEATHERT r LISTING PRICE $188,700 COMPARABLE'S INFERIOR FEATURES: ------ -------- ------ --- ------- 6829 C1iAPEL LN TAX S 2999 192 / F MAP 28. 41 MUN EDINA ZIP 66436 TWA $ 0 AS 586 SUB 1 DIV 3 COU HENN AS8 SO ASP N LOT 118X117 ACR 0 HS FOR 19 94 ; F YBL 1964 1 DIR VALLEY VIEW TO CHAPEL DR.W- CHAPEL LN E HOME I 03313 4 LEVEL STYLE HOME WITH 3 SEASON PORCHI CUSTOM BUILT FOR ORIGINAL OWNERI GREAT FAMILY HOME & TRAFFIC,PATTERNI PLEASE SEE SUPPLEMENT FOR MORE INFORMATION LGL LOT 12_ BLK 2_ C14APFL 1411 L PID 0511621330026 WAT CONNECT SEW CONNECT FPL F AIR C REF,RNG,DWS,DSP,YIISR,F/H MPH BUS SEC D/P POR L APROX L APROX LR M 22X13 18 U 16X10 _ TRM CON M1G 29000 INT 0 % OR M 12X10 28 U 14X11 HEA FA • GAS FR M 18X12 38 U 14X10 EXT SHA,B(S EXF CON OD 00 ASM N KT M 14X12 48 U 12X10 SSM P,C PIN S 0 2MC N 2MA N PO M 17X14 GAR 2,A AN L 20X14 BBT N MBT Y NO SIGN ON PROPERTY SON 273 SDP 944.3613 JFSZ 1464 AGF 1966 BGF 322 FSF 2288 ; LIST NO 033137 ISUON 1 ADO 6829 CHAPEL LN SOME OF THE AMENITIES OF THIS ATTRACTIVE HOME: BUILT BY JACK BORAN BLDRS IN AN AREA IIIIIOUIET WINDING STREETS IN AN AREA OF CHILDREN ALL AGES. WALKING DISTANCE TO SCHOOLS i CHURCHES. EZY ACCESS TO HIGHWAYS FOR SHOPPING CENTERS, DOWNTOWN OR AIR PORT: • PORTICO TO FRONT ENTRY W/SPACIOUS FOYER • LARGE LIVING ROOM W/BAY WINDOW • FORMAL DINING RM VVICORNER HUTCHES A PATIO DOORS TO PORCH • 3 SEASON CEDAR PORCH WICATHEDRAL CEILING, TRAPEZIO WINDOWS ' 1ST FLR FAM RM W/BMCK FIREPLACE i PATIO DOORS TO BACKYARD ' 1ST FLR LIGHT 8 BRIGHT LAUNDRY ' HALF BATH ON MAIN ' KITCHEN W/OAK CABINETS APPLIANCES INCLUDED i INFORMAL DIN. ING AREA OVERLOOKING FAM RM 8 INTO PORCH ' 4 GENEROUS SIZE BEDROOMS ON i LEVEL • FULL CERAMIC BATH WMBLE VANITY ' 314 CERAMIC BATA OFF MASTER 3MIS Q • LOWER LEVEL HABid1NtuSjEMENTcIIQOMd- ORK ARW. ' SECURITY SYSTEM • 844 MONTH 1 LESS SQUARE FOOTAGE COMPARABLE'S SUPERIOR FEATURES: ------------------------ - - - - -- 1 SPRINKLER SYSTEM 2 SECURITY SYSTEM ER 31ON (5/88) w ' . Similar To Yours That Are For Sale . ^ 2 hCllYE i[SllN8 0820 CHAPEL LANE . -_-_____--_____-___-__-___ | ' | |SQUA8[| |F6N| | ' YEAR | |C0l8ki | ' LIST ' | PROPERTY |UU8.|UKlH| FEET |0R |DN |Gk8.| i0l SD[ |8U[D |0X[8 |A0 COH0| EXTRAS | PRICE ' --------------------------------------------------- . . . / . ' . 'YOUR . . / / 1S�8 . / / / / X ;PROPERTY | 4 | 3 | 201 :Y |ii | 2 |l8k0 SQ.R.| 1968 | 4310 :YES ;FIREPLACE | | __________________________________________________________________________________ ' :COMPARISON; ' | 1454 | | | | 118 X |U | | | |B8EPWC[. PORCH, | | :PROPERTY | 4 | 3 1 2288 |Y �H | 2 |1000 SQ.R.| 084 | 2999 :YES :SECURITY |N99,900 | . _N_- _-_-_-__- ________-__— ________________-____'__________- ______________ "527 Bn' o BA- 1/2VO4LV/SPL H 510_760 INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED CUNPAKlUOH y88YE8lY --------------------- STREET 8 8T8E[l HkNE ' 1.x ADDRESS 0820 %UkyEi LANE LISTING P8l0F $138.900 ' COHyAHAULE'8 lHF0l$R R0U8B: ___________________ - 1 iE88 SQUARE FOOTAGE 7205 HEATHERTON CIR TAX $2992 1921F MAP 48 - 41 MUN EDINA ZIP 65435 TWA S 2992 LOT 141X14OX89XIOI ACR .32 JHS FOR 19 93 1 F YBL 1977 N DIR FRANCE AVE TO 72 IN TO HEATHER`TON 8 ON CUL DE SAC ' ' EXTRA LARGE FAMILY nMm/FPLC. BAY WINDOW IN LIVING RM. DECK OVERLOOKS mw YARD. *BEDROOMS . %UHPA8kUiE S SUPERIOR FEATURES: GREAT FAMILY NEIGHBIGIR11000 � LUL LOT 35 BLOCK 11 OSCAR ROBERTS 18T ADDITION I PORCH � FR L 27XIO 38 U 12XII EXT HOM EXF CON 000 ASM 1 2 SECURITY SYSTEM � ' ` ' '.` ' ' - BEAUTIFULLY UPDATED WITH NEWER CARPET & FRESH PAINT SPRINKLER SYSTEM ,nmmvnAL VACUUM SYSTEM ' SECURITY SYSTEM "GAME ROOM wm LOWER LEVEL IDEAL FOR POOL TABLE "WALK rmmDImw POOL. TENNIS COURTS AToORmELIA PARK. "CENTRAL AIR CONDITIONER "QUIET CmLosSAC ' GAS $46.00 0 MIS (21 "mmPmox.00 Edina Rcalv/""w*"p"/m" Financial "orv=» sasmwamm ;YOUR ; ;PROPERTY ; SOLD ; ;PROPERTIES;I ; 1 6008 ; ;ARBOUR LAN; 6024 ; ;SHANE DRIV; 5400 ; ;CHANTRY PL; 6612 ; :GALWAY -OR ----------- ; 5513 ; ;GLENGARRY -; 6000 ; :OLINGER B0; 4; IRS. ;I 3; 4' 4; 4; ; 1548 ; 3 ; 2831 ;Y ;ll ; ;SQUARE; ;FAN; LATH; FEET ;DR';RM ; ; 1620 ; 3 ; 1816 ;Y ;M ; - -3 -;- 2505- ;Y- -,M - -, 1850 ; ; 3 ; 3000 ;Y ;LL ; ; 2009 ; 3 ; 3145 ;Y ;LL ; -------------------- ; 1800 ; - -3 -; 2220 ;Y ;M ; ; 1100 ; ; 3 ; 2802 ;Y ;M ; -------------- - - - - -- ------------------------------------------------------------------------------6-------- X 2 ;IRREG SQ.FT.; 1968 ; 4310 ;YES ;FIREPLACE YEAR ; ;CENTRAL ; ; LIST ; SALE ; DAYS iAR.; LOT SIZE ;BUILT ;TAXES ;AIR COND; EXTRAS ; PRICE ; PRICE LISTED --------------------------------------------------------7------------------------------ X ; ; ; ;SKYLIGHTS, 2 ;IRREG SQ.FT.; 1960 ; 1945 ;YES ;TWO FIREPLACES ;5189,500 ;5189.600 ; 12 --------------------------------------------------------------------------------------- X ; ; ; ;SKYLIGHT, It ; ; -2- ;IRREG- SQ_FT_; -1964 ; 2628 ; YES - - - -- ;TWO- FIREPLACES - - -- ;5209,900 - ;5205,000- ;- - - - -31 ; 113 X 192 ; I ;TWO FIREPLACES, 2 ;21696 SQ.FT.; 1955 ; 3342 ;YES ;PORCH ;5219,900 3212,000 ; 54 --------------------------------------------------------------------------------------- 89 X 133 ; 2 ;11831 SQ.FT.; 1959 ; 3462 ;YES ;FIREPLACE 3224,000 3219,000 ; 161 --------------------------------------------------------------------------------------- X ; ;TWO FIREPLACES, - -2- ;IRREG SO.FT.; 1955 ; 3111 ;YES :PATIO :$229,900 ;$222,000 ; 32 ------------------------------------ ------------------- 2 ;IRREG SQ.FT.; 1965 ; 2113 ;YES ;TWO FIREPLACES 3214,000 ;5216,000 24 --------------------------------------------------------------------------------- - - - - -- ----------------------------------------------------------------------------------------------------------- ;YOUR ; ; ; 1548 ; ; ; ; X ;PROPERTY ; 4 ; 3 ; 2831 ;Y ;LL ; 2 ;IRREG SQ.FT.; 1968 4310 ;YES ;FIREPLACE ----------------------------------------------------------------------------------------------------------- :COMPETING ; ; ;SQUARE; ;FAN; ; ; YEAR ; ;CENTRAL ; ; LIST ; ;PROPERTIES ;BRS. ;BATH; FEET ;DR ;RM ;GAR.; LOT SIZE ;BUILT ;TAXES ;AIR COND; EXTRAS ; PRICE ; ----------------------------------------------------------------------------------------------------------- ' 1205 ; ; ; 1410 ; ; ; ; X ; ; ; ;FIREPLACE, DECK, ,HEATHERTON; 4 ; 3 ; 2566 ;Y ;lL ; 2 ;IRREG SQ.FT.; 1911 ; 2992 ;YES ;SPRINKLER,SECURITY;5188,100 ; ----------------------------------------------------------------------------------------------------------- 6829 ; ; ; 1454 ; ; ; ; 118 X 111 ; ; ; ;FIREPLACE, PORCH, ; ; ;CHAPEL LAN; ----------------------------------------------------------------------------------------------------- 4 ; 3 ; 2288 ;Y ;M ; 2 ;13806 SO.FT.; 1964 ; 2999 ;YES - ;SECURITY ;5199,900 ; - - - - -- 13 MY 121 Edina Realty is a Metropolitan Financial Corporation company. ER 310HHH (81& 'd CITY ASSESSOR • REAL ESTATE DATA Garage Heating Room Count Ag L m z I. D. Number 32- 028 -24 -34 -0194 Floor Area Hot Water 1 Total Rooms Actual NEIGHBORHOOD ZONING 280-1 Ext. Walls 1 Forced Air 2 Bedrooms Effective x PROPERTY ADDRESS 7621 EDINBOROUGH WAY #2205 Number Cars 2 Electric 3 Family Int. Inspected x = Condition 3 Gravity 4 Living Yes 1 x = OWNER Gar. Placement Other 5 Dining No 2 x = TAXPAYER Attached 1 Room Count Kitchen Manual GEFI.Area Detached 2 Total Rooms Other Yes 1 2LEGAL DESCRIPTION UNIT NO. HOMES OF EDINBOROUGH CONDOMINIUM Tuckunder 3 Bedrooms • - GVILLAGE Built -In 4 Family Interior Condition ensions Neighborhood Rating Shape Roof Cover Pool Kitchen Plaster 1 Excellent 1 x = Very Good 1 A -❑ 1 Shingles 1 Area 1 Other Sheetrock 2 Good 2 x = Good 2 Average 3 B -L 2 C•Lj 3 Wood Shakes 2 P&G 3 Good . 1 Average 2 4141* Kit. Rating Paneling 3 Unfinished 4 Average 3 Fair 4 Porch Dimensions x = Fair 4 D -Dreg. 4 Slate Tile 4 Poor 3 Excellent 1 Trim Poor 5 x = Poor 5 Site Rating Style Rambler 1 Windows Casement 1 Bsmt. Area Very Good 2 Standard 3 Hardwood 1 Softwood 2 House Room Count Total Rooms Partial Comp. Yes 1 Very Good 1 SE /SF 2 Dbl. Hung 2 % Substandard 4 Painted 3 Bedrooms Comments Good 2 Split Level 3 Gilders 3 Crawl Obsolete 5 Other 4 Family Appr. No: Fair 3 1'% 4 Awning 4 Slab Interior Floor Living Date: Minimum 4 1' /a 5 Patio Door 5 Plaster 1 Wood 1 Dining Time: Adj. Prop. Infl. 1% 6 Walkout Sheetrock 2 Carpet 2 Kitchen FLAT CHARGE Positive 1 2 Story 7 Excellent 1 Paneling 3 Other 3 Other Add Equil Valuation changes to pe eniercd on ncut one. Indicate yeor and ouinorrty — .�s.c sor, �3 urrr8 ,- Foa c. -- - Sub Negal YEAR Posit] MARKET VALUE OF LAND MARKET VALUE OF STRUCTURES I TOTAL MARKET VALUE 1�. FULL VALUE OF LAND FULL VALUE OF STRUCTURES TOTAL VALUE OF LAND AND STRUCTURES I I HOME - STEAD Tos No ASSESSED VALUES NOTES HOMESTEAD 25% REMAINDER 60 40% TOTAL T f 1c W / R Equi Nega I ism N" E xcel jjg7 Exr o v — 4 q, 9 oo d ao &,„ =64900 Very, p Aver Fair,i90 400p 7300 9 DO Land Characteristics Paved Street 1 Frontage Curbs 2 Left Sidewalk 3 Rear Sewer Avail. 4 Right Water Avail. 5 Eff. Width Gas 6 Eff. Depth Buried Elec. 7 Area B- 8 Gable 1 Open 3 Average 3 Good 2 Alley 8 Ireg. Shape C- 9 Hip 2 Porch Quality /Class None 4 Average 3 On River 9 On Lake C -10 Mansard 3 Good 1 Elec. Service None 4 River Rating 10 Lake Rating C -11 Gambrel 4 Average 2 Standard 1 Wooded 11 Landscape) C -12 Flat 5 Poor 3 Substandard 2 Location 12 L -25 NICHOLAS P. BASIL 12720 DORCHESTER TRAIL APPLE VALLEY, MN 55124 April 9, 1993 Mr. Moreau Sankey Assessors' Office City of Edina 4801 W. 50th Street Edina, MN 55424 Re: Assessed value of condo Dear Mr. Sankey: I own and rent the following condo and garage: Assessed Property I.D. No. Address Value 32- 028 -24 34 0194 7621 Edinborough Way, No. 2205 $79,900 32- 028 -24 34 0227 No. 202 3.700 $83,600 I am aware that the assessed value has not changed in several years. I was aware in 1990 that the value was high, as I tried to sell it at that point and did not receive any offers after six months of listings. At that point I rented it, and I was probably remiss in not contacting you in 1991 or 1992 about lowering the assessed value. I contacted Pat McNamara of Edina Realty this week, and she sent me the enclosed market study data off of the MLS computer. She tried to sell my unit in 1990, and knows Edinborough quite well, as she sold 13 units there in 1992. Pat has underlined the "Essex" models that are similar to *.nine. Some are first floor, some second. there are advantages to both, but it seems that the first floor models have sold for more -- probably because of outside access and elimination of stairs in those. Mine is a second floor unit. The four listed sales are as follows: 1. 9/19/92 7621 Edinborough $89,250 1st floor 2. 11/16/92 7609 Edinborough 78,900 2nd floor 3. 1/16/93 7615 Edinborough 80,940 2nd floor 4. 3/26/93 7602 York 84,500 2nd floor V L -25 Mr. Moreau Sankey, Assessors' Office City of Edina Re: Assessed value of condo April 9, 1993 - Page 2 Pat indicated that the first sale listed, in September, 1992, was a fluke and far exceeded what it should have sold for. Apparently, the buyer was somewhat uninformed and really was sold on the first floor accessibility. Pat also told me that the last sale listed was high because the unit had been professionally decorated, was all done in whJW1and was "just immaculate." Pat thought that my unit would probably sell at values of the second and third properties listed. The average of those two, which included one garage each, was $79,920 ($78,900 + 80,940 divided by 2). Also, note on the list, in the top section, there is an Essex model listed for sale at $93,900. This unit includes three garage spaces, which accounts for its relatively high asking price. It has not sold at that price. In conclusion, I would ask that you reduce my assessed value from the current total of $83,600 to the average value of $79,920, which my realtor, Pat McNamara, indicated were comparable sales. Thank you for consideration of this matter. /dk Encl. Sincerely, Nicholas P. Basil V !Inc Ready. Edina OTwe -50th & France 3930 West 491/2 Street Edina, Minnesota 55424 (612) 920 -1960 It L•25 - "//0 �/ ' 51; 13 Zoe ® Ml: Q �• t- UrWl. I J UN : are 'SEARCH:ACTIVE LISTINGS _,.__ _ 'PROPERTY TYPE? 2 DISTRICT(S)7 585 LIST PRICE (RANGE)? 50000 - 100000 ENTER ADDITIONAL SEARCH PARAMETERS 7 MPX -41 MPX -41 MISSING KEYWORD OR �`•" ENTER ADDITIONAL t 7 MPX =41 i ? MPVm5C 7 (HIT 'RETURN' WHEN DONE) SEARCH PARAMETERS (HIT 'RETURN' WHEN DONE) LISTING ADDRESS ARrA SUE #918399 7606 YORK: AVE n2n 1 BOMK #918456 7606 YORK AVE -,On 1 #919549 7605 EDINBORO 585 1 #892520 7500 EDI14BORP 5P5 1 #896870 7605 EDINBORO � :R5 I #924467 7614 YORK A! 5!571 1 #917806 7622 YORK AVE. 2:U5 l 0923944 7606 YORK AVE SS5 1 " NEW #920116 7500 EDINBORO 585 3 0899900 7540 EDINBORO 585 1 PRICE OFFC FS2 VBL BR TBA STYLE $63.900 5878 1987 1 1 LOR /3 $83,500 587B 1986 2 1 L.OR /3 $83,900 3005 990 1907 2 1 LOR /3 $84,889 5189 900 1990 2 1 LAP. /3 ¢85,900 6077 1045 1987 2 2 LOR1P 487,900 6103 1045 1987 c ? 1 .OR /3 287,900 6028 1000 1986 2 1 MANOR $93.900 5128 1046 1987 2 1 MAJOR $95,900 5324 1034 1990 2 l LOR /3 $97,500 5011 1060 1990 2 2 LOR /3 1`'•DD'YOU WISH TO REVISE THE CURRENT SEARCH CRITERIA (Y OR N)? r FUNCTION? PFL ,,.PRINT FULL LISTINGS Edna R�nQ R�YI r LISTING NUMBER(S)7 Pat McNamara RZAKMR'. mu .FUNCTION? SS l�ea,°sowaFl,vacYl� SEARCH SOLD LISTINGS sj" e�el4el ,,,.,+. .•, r,8" �Nx 1. PROPERTY TYPE? 2 mW� DISTRICT(S)7 585 , `.-'SALE- PRICE-(RANGE) 7'50000- 100000 j ,ENTER ADDITIONAL.'SEARCH PARAMETERS (HIT 'RETURN' WHEN DONE) 'MPX =41 _•,7•:MPYm5C LISTING ADDRESS' AREA SUB S -PRICE DATE MT FS2 PR T@A 2 STYLE APT F r, #923739 7340:YORK AVE 585 1 $50,000 03/24/93 a;, 2 1 MANOR .. #91081B 7635.EDINBORO 585 1 $61,000 01/30/93 23 725 1 1 1 MANOR. ` #912497 7614 YORK AVE 585 1 $62,000 06/20/92 10 9 1 1 LOR /3 #913163 7614'YORK.AVE 585 1 $65.900 02/27/93 .725 2 1 LOR /3 :.. #894263 7606!YORK AVE 585 1 $70,000 04/23/92 52 1 LOR /3 #913877 7602 YORK AVE 585 1 $70,000 10/06/92 84 850 2 2 1. LOR /3 :,#885935. 7621 EDINSORD 583 1 $70,000 08/20/92 23 850 1 MANOR #914167 7601 EDINBORO. 585 1 $71,500 08/17/92 29 1 1 LOR /3 #920972 7602'YORK AV 585 1 $71,700 01/17/93 27 850 2 1 LOR /3 #921452... 7618 YORK AVE; 585 1 $72,000 03/17/93 68 2 1 LOR /3 #907551„•" 7622 YORK AVE. 585 1 $72,900 11/27/92 80 '233. 990 2 1 LOR /3 0903414' 7610. YORK AVE 585 1 $73,000 11/22/92 920 2 2 1 LOR /3 5905739 :•:'.7614:;YORK AVE 585 1 $73,275 03/16/93 322,;, 850 2 1 LOR /3 .. #894358'..1.':.7625 " EDINBORO 585 1 $74,000 06/02/92 90 850. 1 MANOR #97!3270 7622:YORK'AVE 5BS 1 $74,000 08/03/92 104 950 2 1 LOR /3 #901461 .7601 EDINBORO 585 1 474,950 07/17/92 46 970' 2 .#885406 7622 YORK AVE 595 2 1 MANOR 214 #904214:• 7610 YORK 585 2 $75,930 09/14/92 158 980 2 2 1 LOR /3 #904411 7601 EDINBORO 585 1 $76,000 08/31/92 51 1000 1 LOR /3 #911958 7615 EDINBORO 585 1 676,400 03/08/93 39 970 2 LOR /3 #922319: 7618'YORK AVE 585 1 g ?6,500.03!_31/93 37 _ 850 2 t +2 1' LOR /3 _ 8920057 ; _ 7601 EDIN @ONO 585 1 $ ^.6,500 01/12/93 53 2 1 I_OR /3 7606 YORK AVE 525 1 $76,500 12/16/92 98 990 2 I LL'R /3 0921334 7601 EDINBORO 585 1 ',77,500 (13/13/93 36 970 2 1 MANOR #901602 7606 YORK AVE 585 1 '678,000 03/19/93 451 2 1 APT F ' 0892825 - 7601 EDINBORO 525 1 678,000 01/13/93 42 995 2 1 L.DR /3 #909739 7615 EDINBORO 595 1 $78.000 07/19/92 31 2 1 LOR /3 '.•0912664 7618 YORK AVE 585 1 178,500 09/15/92 47 2 1 LOR /3 11519' 7609 EDINBORO 585 1 $7x•900 LI /16/92 122 1040 !MANO3 #881121. 7602 YORK AVE 525 1 $79,500 04/27/92 264 970 2 1 MANOR 0900538 7540 EDINBORO 585 1 $80,500 07/01/92 8 1010 2 1 1 LOR%3 A1.0909328 . 7615 EDINBORO 505 1 $81,940 01/16/93 45 j 040 2 2 LOR /'3 1(891013. 7605•EDIN @ONO 585 1 $81,000 03/06/92 47 1045 2 2 2 LOR /3 H903546.• 7615 EDINBORO 585 1 $81,000 01/09/93 193 1000 2 1_OR /3 7606 YORK AVE 585 1 $81,900 05/12/92 288 1000 2 2 I_OR /3 #889344 7610 YORK AVE 5B5 1 $P2,000 04/15/92 205 1045 2 L!7R13 #891895 7618 YORK AVE 585 1 $82,000 01/05/93 74 1045 2 2 2 F LOP. /3 , #916387 7602 YORK AVE 585 1 683,000 11/04/92 67 995 2 2 LOR /3 #916056' 7633 EDINBORO 583 1 484.000 03/08/93 32 2 2 MA R i•' 0915716 7615 EDINBORO 585 1 $84,500 03/26/9 3 54 20 3045 1040 2 1 P1 MANOR #922929 7602 YORK AVE 585 1 X84.500 03/26/93_ 326 2 2 LOP. /3 #889408 7601 EDINBORO 585 3 484,900 11/08/92 ,.1045 1045 2 2 LOR /3 #874720 7606 YORK AVE 585 1 1 @5,000 10/26/92 229 995 2 2 LOR /3 0873905 7615 EDINBORO 585 1 $25,000 03/28/92 (rrrM.rw+oP. 29 43 -:c-T- 2 1 LOR /3 7621 EDINBORO 585 1 $89. ?_50 Uv/19/92 10 •1040 2 1 MANOR N915034 #899413 7601 EDINBORO 583 3 $89,500 03/19/92 101 1045 2 2 LOR /3 #925757 7540 EDINBORO 585 1 492.500 03/29/93. 8 1010 2 1 LOR /3 #910478 7500 EDINBORO 585 3 $94.000 03/28/93 83 2 1 LOR /3 #909653 7420 EDINBORO 585 3 $94.500 03/27/93 108 1 1 LOR /3 . ' #909633. 7420 EDINBORO 565 1 E+4,300 01/07/93 29 2 I LOR /3 #887745 7540 EDINBORO 585 1 $95.000 09/16/92 26 1036 2 1 MANOR #914053 7520 EDINBORO 595 3 686.850 03/26/93 23 2 1 LOR /3 TOTAL Total Petroleum, Inc. DENVER PLACE NORTH TOWER 999 1611.1 STREET. SUITE 2201 DENVER. COLORADO 60202 -2492 March 23, 1993 3� ";-rv�e/ . -26 TELEPHONE 303 291 -2000 MAILING ADDRESS P.O. BOX 500 DENVER. COLORADO 60201.0500 City of Edina Assessor 4801 West 50th Street Edina, MN 55424 -1394 Re: Local Hoard of Review Appeal Address: 5401 France Avenue, S. Edina, Mi Parcel ID: 20- 028 -24 -22 -0045 Dear Sir /Madam: Please accept this letter as our official appeal of the 1993 Assessment 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 "cost 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 1993. As this type of damage adversely affects the market value of the property, it is customary in the industry to deduct or "hold back" the estimated cost to correct, from any purchase price, when property of this kind is sold. Therefore, a lump sum deduction in value is appropriate until such time as 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. 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. J. City of Edina Assessor March 23, 1993 Page Two L•26 While the physical problem exists, our concerns are renewed for the 1993 assessment year. We filed our initial appeal based on environmental issues in 1992. The original documentation pertinent to this property should be on file with your office. I am sending all relevant material that has come to us subsequent to last years appeal. Total Petroleum requests that the actual market value be reduced from $330,000 to $145,000 for 1993. . Thank 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- 800 - 525 -9091, extension 2070. Sincerely, Deborah S. Spencer DSS:lg Enclosure ESTIMATED ENVIRONMENTAL CLEAN UP COSTS Lw26 TOTAL DIVISION MINNESOTA SITES 13— Apr --92 ESTIMATED STATION NUMBER �DDRESS iTY STATE COST 2413 15971 NICOLLET AVE I MINNEAPOLIS I MN $160,000 $20,000 2414 2601 WEST BROADWAY I MINNEAPOLIS IMN MN 1 $85,000 2415 6830 BROOKLYN BLVD I BROOKLYN CENTER I 2417 7117 BASS LAKE RD NEW HOPI IMN ! MN 1 $15.000 I $30,000 2652 2057 MARSHALL AVE 2656 1380 LAKE DRIVE I ST PAUL I CHANHASSEN IMN 1 550,000 2657 4501 LYNDALE AVE N MINNEAPOLIS I MN 1 $30,000 2659 1 800 SUPERIOR BLVD WAYZATA MN I S30,000 2660 1907 MINNESOTA ST I PAYNESVILLE IMN 1 $110,000 2661 1568 W MARYLAND I ST PAUL MN 1 $15.000 2662 1152R WHITE BEAR AVE ST PAUL MN I 530,000 2663 114816 HWY 7 I MINNETONKA IMN I 50 2666 i 433 EAST MENDOTA RD I ST PAUL !MN $20,pi00 2667 304 E LARPENTEUR I ST PAUL MN I 50 2668 11416 W HWY 13 1 BURNSVILLE I MN I $0. 1 5300 CENTRAL AVE I MINNEAPOLIS MN I $25,000 .2669 2671 15401 FRANCE AVE I EDINA , I MN 1 $210,000 2672 1 PO BOX 13 I STANCHFIELD IMN 1 $0 2673 1 RT 2 I GLENCOE I MN 1 $40,000 26741712- NW 4TH ST FAIRBAULT I MN 1 $30,000 2675 13454 NORTH RICE ST I ST PAUL MN I 530,00~? 2676 1 976 E 7TH STREET I ST PAUL I MN 1 515,000 267 4203 NICHOLS RD I BAGAN I MN 1 $15,0� 2678 6101 UNIVERSITY AVE FRIDLEY 2679 11353 RANDOLPH AVE I ST PAUL MN 1 $45,000 2681 2525 WEST 7TH STREET I ST PAUL I MN I $30,400 2682 1650 CHESTNUT STREET !CHASKA MN 1 550.000 268s 1234 W 1ST STREET ISHAKOPEE IMN 1 $110,000 2884 18240 FLYING CLOUD DR I EDEN PRARIE I MN 1 $40.000 2685 2000 RAHNCLIFF CT I EAGAN MN I 50 2685 5428 WA7ATA BLVD I GOLDEN VALLEY I MN 1 $110,000 13— Apr --92 ��ItESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD J/REET ADDRESS 6624 Limerick Lane ASSESSMENT DIST. SCHOOL DIST. NO. _Q16 -1 LOT 12 BLOCK 1 ..... IlDA/1Vf7Trn1 •rrt r........ �___ PLAT NO. I 1963 I " L•27 v 0 f/ eew <-P� AA4 �IA 7�ly tea/ (cum ,��,,,,rr -_ � � ��� /e �.���7 r' ' _. RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD STREET ADDRESS 5211 Green Farms Court ASSESSMENT DIST. SCHOOL DIST. NO. 270 -1 LOT 5 BLOCK 3 ADD. PA ME) KNOLLS 21ST BUILDING PERMIT RECORD Date Number Amount Purpose 5.13 8d 1 R •Qd4-( 1 l � %J�.� Pill tlOn \'c ,h C rw - bwk,nmrJ Knell Corner Lot Inside Lot General Dr LAND VALUE COMPUTATIONS Frontage Figured URBAN LOT RECORD Unit Price Unit Percent Parcels covered by TOPOGRAPHY Totr IMPROVEMENTS STREETS 1;N� same homestead. Level Sidewalks Aspholt List parcel numbers. High Curb & Gutter Concrete Low 1 11 City Water 1 11 Brick Corner Lot Inside Lot General Dr LAND VALUE COMPUTATIONS Frontage Figured Average Depth Unit Price Unit Percent Front. Ft. Price Top. Infl. Totr 1;N� ✓ CAI FC INFARkAATION Date Consideration Kind of Inst. Remarks COON 1;N� ✓ Contract for Deed held M I � -a 10- 10 3� 1-j 7116— ADDITION • L =28 1 .2 - 2 L, e.. t r a v it CZ U ASSESSMENT SUMMARY _ Valuation changes to be enlered on neat line. Indicate year and authority — Assessor, Final Equalized, Abatement, etc [IHOMESTEAD SSESSED VALUES TOTAL VALUE HOME- MARKET MARKET TOTAL FULL VALUE FULL VALUE OF LAND STEAD YEAR VALUE OF VALUE OF MARKET OF LAND OF ANp REMAINDER TOTA LAND STRUCTURES VALUE STRUCTURES Ycs No (,+' 40 °0 STRUCTURES — 2e LI -i --- -q3 L•28 5211 Green Farms Court Edina, MN 55436 April 13, 2993 q3s- ( -7 City Assessor City of Edina 4801 West 50th Street Edina, MN 55424 Dear Assessor, We would like to formally request a re- evaluation of the appraisal placed on the property at 5211 Green Farms Court. We base this request on two things; a review of the Residential Property Record and Appraisal Cards and second, the recent property sales and market conditions in the area. The appraised value is $416,000 which is almost a $100,000 more than the purchase price in 1984. In the last nine years property sale values have been constant or gone down! We have made no property improvements and our appraised value has increased by over $80,000. We would appreciate your assistance in this important matter. David P. White Colleen K. White RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD REET ADDRESS 5917 Hansen Road ASSESSMENT 01ST. SCHOOL DIST, N0. �._ LOT 2 BLOCK 1 ` ADD. WOODY POINT RIIILDING PERMIT RECORD AT NO_7_8070 Lm29-- r Date Number Amount Purpose . 6370 3 Sans, 00110J._ s -ie-0d l fo kkMAW URBAN LOT RECORD Parcels covered by TOPOGRAPHY JIMPROVEMENTS 11 STREETS some homestead. Level I Sidewalks Asphalt List parcel numbers. High I Curb G Gutter Concrete r Low City Water Brick `� Sanitary Sewer Grave DRAINAGE torn ewer vt Good -Fair -Poor Nat'l Gas with alley LOCATION ZONING OR USE Corner Lot Residential Commerce l Inside Lot Dbl. Bung. Industrial Multi- Family General Desirability: Good Fair Poor Other: ASSESSMENT SUMMARY LAND VALUE COMPUTATIONS - Voluotion changes to be entered on nret line. Indicate year and authority _ Assessor, Final Equalized, Abatement, etc. Frontage Average Unit Unit Front. Ft. Top. Infl. Total - — — ASSESSED VALUES Figured Depth Price Percent Price TOTAL VALUE HOME - MARKET MARKET TOTAL FULL VALUE FULL VALUE OF LAND OF STEAD HOMESTEAD REMAINDER YEAR VALUE OF LAND VALUE OF STRUCTURES MARKET VALUE OF LAND AND STRUCTURES STRUCTURES Yes No 2Sya m 4D� TOTP �a s JO(�1�0 54 �IDD G Date on ideration INFORMATI Kind of Inst. N Remarks �'�� i 31 ` -;U� _ 7a F`wco ) i\ `" / 2 s- a JV 7-191 11 Zooa k AQ lea' • 31j" 5 �` �'" op tq Contract for Deed held by: S LS:h, ' 62_3�r / loZ 6a AZ ! Ls 7Zan I I I Ob 90 f N,7 3 7Q 10 OG -74,400 114000 I - Y Steven Pollmann 5917 Hanson Rd. idina MN 55436 920 -2450 Board of Review: Lm-2-9 April 15, 1993 I was unable to attend the meeting on April 12, 1993. At this time I would like to call attention to some areas of concern. In August 1992 I refinanced my home at 5917 Hanson Rd. My cost for the appraisal was 350.00, the appraisers conclusion was my home is worth $107.000. including the addition of the porch added one year earlier. PBS mortgage could not refinance unless the property was ajusted with a. value of V11-500. Therefore I can only conclude that the asseesment by the City of _Edina is incorrect for 1993, and probably over valued in 1992 as well. One other area I would like to address is in comparing my home to the homes the assessor used in his comparison in March 1991 and August 1992. The six homes used in.the app- raisers comparsion on average were 10 years newer, and the average assessment value is 10% less than purchase price. My homes assessment to purchase price is 1.8% less. If I were to sell -woy6 now in a typical the assessed value my home would have Realstate fees $8,673, points 42,418, a good price might offer $3,000. less would be $109.800 for a home that was less than a year ago. transaction and receive to sell fori$123.900. and a shopper wanting The net sale price appraised at $107.000 Sincerly� * Pollmann J- 5 Description urdef• picture j RESIDENTIAL PROPERTY ORD AND APPRAISAL RD ME STREET ADDRESS 6721 McCauley 1311 ASSESSMENT DIST. SCHOOL DIST. N0. 16 LOT 17 BLOCK WSJ ADD. AUDITOR'S SUB. 196 BUILDING PERMIT RECORD Dote Number Amount Purpose .TOPOGRAPHY IIIMPROVEMENTS II STREETS I LOCATION I Parcels covered by i same homestead. List parcel numbers. I .6x� cif! .> PLAT N0. 73972 PARCEL DEC is I Contract for Deed held by: Igga 4 Z M (0s n,1) 164 a "760 11 'rmmlU aP.- , •,) r ••, r I ►_•1 C» LA YI4C PA v LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY Frontage Figured Fi Average Depth Unit Price Unit Percent Front. Ft. Price To Intl. p Total — Valuation changes to be entered on n:xt line. Indicate year and authority Assessor, Final Equalised, Abatement, etc. ! { ASSESSED VALUES MARKET MARKET TOTAL [FULL VALUE OF TOTAL VALUE OF LAND HOME - STEAD HOMESTEAD REMAINDER v I l . f i � �' (� � YEAR �� • , �? VALUE OF LAND VALUE OF STRUCTURES MARKET• VALUE TRUCTURES AND STRUCTURES Yes No 25% !r i0?o TOTAL - _ -� SALES NF RMATION (-0 Date Consideration Kind of Inst. Remarks I"1�� 2 �y ! �� � OU J JJ �iQJ •. J /e 1 e Iq�S 2'1�17x� 1 aav Sy6o . i g -;7, Contract for Deed held by: Igga 4 Z M (0s n,1) 164 a "760 11 'rmmlU 1993 CITY IF EDINA BOARD OF REVIEW. OWNER(S) NAME: 0,4 d/O ,D PROPERTY ADDRESS: /yc -C AV I-XA /4 1. DO YOU WISH TO ADDRESS THE 1993 VALUE? X YES --N-F- PID EMV 2. WHAT DO YOU BELIEVE IS THE CORRECT VALUE? /9 %2 641-k;6:'- or .r /Z %0 3. WHAT ARE THE REASONS SUBSTANTIATING THE ABOVE STATED VALUE? t A REMINDER: THE BOARD OF REVIEW MEETS TO HEAR EVIDENCE THAT THE ASSESSOR'S ESTIMATED MARKET VALUE IS IN EXCESS OF ACTUAL MARKET VALUE. THE BOARD WILL CONSIDER YOUR EVIDENCE AND ARRIVE AT ITS DECISION AT A LATER DATE. YOU WILL BE NOTIFIED OF ITS ACTION PRIOR TO THE CONVENING OF THE HENNEPIN COUNTY BOARD OF REVIEW ON JUNE 14, 1993, ALLOWING FURTHER APPEAL IF YOU CANNOT AGREE WITH THE CONCLUSIONS OF THIS BOARD. %,,-4,e 1 4�.c� f�/l�0 !�/4./L D ,���E tea► ,��/�� A REMINDER: THE BOARD OF REVIEW MEETS TO HEAR EVIDENCE THAT THE ASSESSOR'S ESTIMATED MARKET VALUE IS IN EXCESS OF ACTUAL MARKET VALUE. THE BOARD WILL CONSIDER YOUR EVIDENCE AND ARRIVE AT ITS DECISION AT A LATER DATE. YOU WILL BE NOTIFIED OF ITS ACTION PRIOR TO THE CONVENING OF THE HENNEPIN COUNTY BOARD OF REVIEW ON JUNE 14, 1993, ALLOWING FURTHER APPEAL IF YOU CANNOT AGREE WITH THE CONCLUSIONS OF THIS BOARD. A -7 LA , � J aryl ►/, 77S ioO ?DX. g. oZ A GieES 07 oao Z 0 SIDENTIAL PROPERYY RECORD AND APPRAISAL CARD REET ADDRESS 5 C132 Indianola Avenue ASSESSMENT DIST. SCHOOL DIST. NO.az 7� LOT 9 BLOCK— 3 ADD. G ENVIEW BUILDING PERMIT RECORD Date Number Amount Purpose l6 'iD Front. Ft. Price 4a, , Total 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 Nat'I Gas with alley LOCATION ZONING OR USE Corner Lot Residential Commercw Inside Lot Dbl. Bung. Industrra Multi - Family General Desirability: Good Fair Poor Other: I_ LAND VALUE COMPUTATIONS Frontage Fi ured -. Average Depth Unit Price Unif Percent Front. Ft. Price Top. Intl. Total I for Deed held by: PLAT NO. 75400 PARCEL N1 I 2 7 1 Final Eauolrsed. Abatement, eta. MARKET MARKET TOTAL YEAR VALUE OF VALUE Of FULL VALUE FULL VALUE TOTAL VALUE, HOME- ASSESSED VALUES LANG MARKET OF OF LAND IYCI STEAD STRUCTURES ( VALUE OF LAND AND HOMESTEAD REMAINDER /� STRUCTURES 9(? II STRUCTURES Me IS% n daS TOTAI 19211 �� 2 q � I N 1 II �I t ; IQO.► - - . --� -_- ..-� !•__- •ter -��- i •- -. _ .. � Y I I 9 Y II II t Valuatmn c cea„ar, to be enretea an nett I I,ne Indicate Ve0f aWha,,t MARYAaesser. IF 1 �I t ; IQO.► - - . --� -_- ..-� !•__- •ter -��- i •- -. _ .. � Y I I 9 Y II II t t ; IQO.► - - . --� -_- ..-� !•__- •ter -��- i •- -. _ .. � Y I I 9 Y II II t 1993 CITY IF EDINA BOARD OF REVIEW. OWNER(S) NAME: PROPERTY ADDRESS: 6-13a 1. DO YOU WISH TO ADDRESS THE 1993-VALUE? ES NT— 2. WHAT DO YOU BELIEVE IS THE CORRECT VALUE? PID # 'cr�Zf31u - yi -oi3 / EMV 13o .2o o 3. WHAT ARE THE REASONS SUBSTANTIATING THE ABOVE STATED VALUE? / Ces A REMINDER: THE BOARD OF REVIEW MEETS TO HEAR EVIDENCE THAT THE ASSESSOR'S ESTIMATED MARKET VALUE IS IN EXCESS OF ACTUAL MARKET VALUE. THE BOARD WILL CONSIDER YOUR EVIDENCE AND ARRIVE AT ITS DECISION AT A LATER DATE. YOU WILL BE NOTIFIED OF ITS ACTION PRIOR TO THE CONVENING OF THE HENNEPIN COUNTY BOARD OF REVIEW ON JUNE 14, 1993, ALLOWING FURTHER APPEAL IF YOU CANNOT AGREE WITH THE CONCLUSIONS OF THIS BOARD. The Andersons 5132 Indianola Avenue South Edina, Minnesota 55424 -1422 �q5 ?�� March 29, 1993 Mr. Ralph Johnson City Assessor City of Edina 4801 West 50th Street Edina, MN 55424 -1394 Re: Property I.D. # 18- 028 -24 -41 -0131 Lawrence J. and Janet M. Anderson 5132 Indianola Avenue South Edina, MN 55424 -1422 Dear Mr. Johnson: A 1993 Valuation Notice regarding the above - referenced property indicates a 1993-market value of $130,200. This figure represents an increase of $10,800, or a 9 +% increase from the 1992 assessed value of $119,400. We are familiar with the homes (inside and out) which have recently sold in our immediate area. Those homes, even though they may be "two bedroom" homes, have more square footage, larger lot size, significant amenities appealing to buyers that our home does not have, and are in overall better.condition than our home. The other homes' amenities are: A family room, an amusement room, an extra bathroom, an eat -in kitchen or "breakfast room ", a built -in dishwasher, garbage disposal, a foyer area that is not a corner of the living room, two fireplaces, a new furnace, new hot water heater, new bathroom fixtures, new carpeting, recently painted inside and out, a security system, an underground sprinkler system, etc. (See enclosures.) Although our home has some similarities with the recently sold comparables, (unfinished expansion, patio, porch), by comparison, our home is very modest. Our home has one fireplace. The furnace is 33 years old..- Since we do not have an amusement or family room, we use one of the bedrooms as a den/TV room, leaving only one bedroom., The main floor is the only living area. The lay -out of our-10 by 9.5 ft. kitchen does not accommodate a table and chairs to be an 2. Mr. Ralph Johnson City Assessor, Edina March 29, 1993 Page Two eat -in kitchen. The kitchen cupboards are the originals and in poor condition. There is no convenient place for a dish- washer with the present cabinetry. The bathroom fixtures are the originals and in very poor condition. Our home has had no recent renovation. Two comparables included are two - bedroom homes within a block or less that have sold in the past few weeks. Another two - bedroom home is less than a block away and has not sold. 5209 Halifax is on the market for $114,900 and has 937 square feet of finished space. In other words, the seller is asking $122.63 per square foot. (Lot size is 50 x 250 feet.) On March 26, 1993 the realtor listing this home advised us the home has been on the market for nine months and not one offer has been made during that time. The home is obviously over - priced or it would have sold in this location. The realtor said the price should be drastically reduced, (below $110,000) but the "seller's situation is complicated and the seller has been reluctant to reduce the price." 5100 Halifax sold a few weeks ago for $162,500 and contains 1,514 square feet. In other words, the buyers paid $107.33 �i") per square foot. (Lot size is 79 x 108 feet.) }� 5129 Indianola sold a few weeks ago for $161,000 and contains approximately 1,488 square feet. In other words, ;_P'`� the buyers paid $108.20 per square foot. (Lot size is 92 x 115 feet.) Our subject property, 5132 Indianola, has a new assessment of $130,200 and contains 1,001 square feet. This assessment asks a buyer to pay $130.00 per square foot (or $22.00 psf more than comps) for a home with less amenities. (Lot size is 75 x 105 feet.) The 1992 assessed market value for 5132 Indianola was $119,400, or $119.28 psf. That assessment is $11.51 psf (or 10 %) higher than the average psf cost of the just -sold comparables. Even though our home has less appeal /amenities than the sold comps, if their per square foot cost were used, it seems reasonable that an appropriate and fair assessment would be approximately $108,000. Mr. Ralph Johnson City Assessor, Edina March 29, 1993 Page Three For the reasons outlined in this letter, we feel the 1993 market valuation of $130,200 is excessive and respectfully request that a decrease be considered and granted. Thank you for your time and consideration, i a rence J. nderson 5132 Indianola Ave. So. Edina, MN 55424 -1422 Enclosures anet M. Anderson 5132 Indianola Ave. So. Edina, MN 55424 -1422 `a E• T Family tradition Sinm A955 A Metropolitan Financial company. Offered by Sandy Norberg Dee Wentworth 50th & France Office 3930 West 491/2 Street Edina, MN 55435 Bus. (612) 924 -8763 Res. (612) 924 -8774 A picture- perfect expansion in prime Edina neighborhood! Lots of charm. Hardwood floors, living room with coved ceilings, two fireplaces, and a separate breakfast room as well as a dining room with door opening to three - season porch. A three- season porch with patio overlooking well- manicured back yard and gardens. Newly decorated and carpeted lower level with a 3/d bath. Neighborhood has a great track record for appreciation. ,r 5100 Halifax Ave., Edina, MN $162,000 Highlights Pride of ownership is evident throughout this two- bedroom -plus expansion, two -bath home. Main Level • Living Room . ..........................16x20 Coved ceilings Fireplace Hardwood floors • Dining Room ..........................10x13 Hardwood floors • Kitchen ......... ..........................10x12 • Breakfast Room ........................8x11 • Porch .......... .........................10x12 • Master Bedroom ......................11x13 • Bedroom ....... ..........................10x13 Upper. Level • Unfinished Expansion .............31x45 Lower Level • Amusement Room ..................15x26 Newly- decorated and carpeted Fireplace • 3/4 Bath 1 c� c N M1 A few Property Specifics ace listed below. • Year built ....... ...........................1940 • Square footage ...........1514 (approx.)�_ %'� • Taxes ........ ............................... $2180 • Lot size ........ .........................79x108 • One -car garage • Northem States Power ...... $36.00 per month (Budget) • Minnegasco ............ $580.84 (Yearly) • Property is Torrens Cun -ent owners have meticulously maintained and invested so that you can move m and enjoy the home and its superb location. Excellent proximity to shopping, freeways, medical facilities and the Minneapolis/St. Paul cultural and business centers. 1:11 01011 110111 Inkirmaimn deemed reliahle hill not etiarameed. ®MLSO m x o.o� rD D=L c t a a� NN Nv �'C d oo�cZ< O+.P �pNN4n G7 P CD 'c n0 7 _1 E BALCOM 5209 HALIFAX LANE EDINA $114,900 Living Room Dining Alcove Kitchen Total Finished Lot Size 1993 Taxes Year Built _ ✓ 111 20 x 11 1 Bedroom 13 x 9 11 x 7 2 Bedroom 13 x 9 11 x 7 Deck 20 x 9 937 sq ft 50ftx250ft $1418 1927 • Completely professionally decorated • Newer oversized double garage with 3 openers • Hardwood floors under Berber carpeting • New Lennox furnace with Honeywell air cleaner - 2/92 • New steel front and back doors, both exterior and storm - 2/89 • New Minnegasco 50 gallon quick recovery water heater - 2/89 • New Kitchen Aid "Whisper Quiet" dishwasher - 2/90 • Newer GE frost -free refrigerator with ice maker • Maytag washer and dryer • Large capacity window air conditioner ,r • Maintenance -free exterior a Y� • Front and back yards re- graded and sodded in 1989 I.. • Lawn mower and miscellaneous yard maintenance tools • Large cedar deck • Deck furniture: glass- topped oval table and 4 swivel chairs A� � �•` , 9, K �,L n A .r Ile,. � , ��v �� tin .�► , ,� r�N r � � � v nib 1a� n CONNIE BALCOM � FFICEDIRECT OFFICE 1 RESIDENCE BURNET REALTY S - 612.924.4325 612.920.5605 612.929.8604 1 I 1: d a4--C,1 �. "j �`• 1 2�Q Q to JlD /� .- � DOWS. NEW-'DECOR, ! - . * �.. ' " |" |r _ ^` � ` ` .�� � ~ \ � ) � 02/11/93 13:23:26 / f, <<< L-sl6B4O00 /6^///7�^~ NEW >>> ER : 2 TBA: 1 FBT: 1 TBT: 0 HBT: 0 STL: RAMBLE FIN: INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED 5129 INDIANOLA AVE. TAX $2018 /93/F MAP 4D-33 MUN ELINA ZIP 55424 TWA $0 AR 585 SUB 1 DIV 3 COU HENN ASB$0 ASP N LOT 92 X 115 ACR .24 HS FOR 199+/ F YBL 1S*0-N DIP 50TH ST. W. OF FRANCE TO INDIANOLA-SO.TO HOUSE #036401 SOUTH HARRIET PARK CAPE COD! YOU'LL LOVE THE CORNER LOT, THE LARGE ROOM SIZES,EAT-IW KI ' 1ST FLOOR FAMILY RM 2 FPLCS HAN�SOME AMUSEMENT 'RN,l��RGf�LOSETB,RANDOM OAK PEGGED FLOORS & THE UPGRADES IN THE SUPPLEMENT. HURRY ON THIS ONE!! LGL LOT 0, BLK 2, GLENVIEW ADDW TO EDIWA PID 18-02E-24-41-0115 WAT CONNECT REF,RNG,DWS,DSP,WSR L APROX L APROX SEW CONNECT MPH,WSH,DRY,BUS,FLr,SEC* LR M 24X14 1B M 14X12 FPL L,A AIRC TRM CON,CIN DR M INCL 2B M 12X11 HEA FA /GAS MTG 0 INT 0 % FR M 14Xl3 3B EXT WOD EXF CLR OD0 ABM N KT M 15X8 48 BSM F PIN $ 0 2MC 2MA AM L 22X13 PA M 25X22 GAR 1,A BET N MBT-N SDN 273 SDP,920-2980 FSZ 1000 A6F 1000 BGF 300 FSF- 1300 A6N NANCY O'KEEFE 920-4358 BE Y-3.15 SA 3.15 ER OFFICE GREAT MINNEAPOLIS L05271 PH 925-5990 APT 925-5990 ============ List No 0364o1 Sup# 1 Add 5129 INDIANOLA AVE. RECENTLY ADDED OR REPLACED: * COMBINATION WINDOWS ' -~- ''--- -- � Fu�mm~� �*����- AIRE & �-ENNOX) * WATER HEATER * AIR CONDITIONING * GAB GRILL * AWNINGS * CEILING FAN IN BATH * UNDERGROUND SPRINKLING SYSTEM * WESTEX SECURITY SYSTEM * EXTERIOR PAINTED (3 YEARS) * INTERIOR PAINTED (2 YEARS) 0 uOCUrmc wj,U`^'" � � 3�~ � .' �(? � � �� N Address 5100 Halifax 5100 Halifax 5104 Indianola 5112 Indianola 5121 Indianola 5129 Indianola 5105 Juanita ASSESSMENT COMPARABLES - HALIFAX, INDIANOLA AND JUANITA AVENUES Date 1992 % Value Finished Assessed Sold Sale Price Assessment Assessed Sq.Ft. Value PSF 10/91 3/93 5/92 9/91 9/91 3/93 7/91 q jj LOA Subject Property / 1992 $145,000 $125,000 .862 1,514 $ 82.56 $1621-300 $125,000 .770 1,514 $ 82.56 $149,900 $126,500 .843 1,158 $109.24 $185,000 $131,500 .710 1,300 $101.15 $161,900 $128,100 .791 1,539 $ 83.24 $161,000 $118,400 .735 1,300 $ 91.07 $145,000. $126,200 .870 1,382 $ 91.32 � X000 Average is .797 Average is $ 91.59 5132 Indianola - -- - -- $11 ,400 0 Subject Property / 1993 Y �J l45 " 5132 Indianola 1993 M.V. (135,40"'00 q!��- $130,200 $135,000 x .797 (Avg. % Assessed Value) _ $107,595 or 1,001 sq.ft. x $91.59 (Avg. PSF Assessment) _ $91,682 * 1993 Sales comparison on page two - -- 1,001 $119.28 964 11001 $130.07 1993 Sale Cost PSF $107.20 * $123.85 * $115.53 Average ASSESSMENT COMPARABLES - HALIFAX, INDIANOLA AND JUANITA AVENUES Subiect Propefty / 1993 5132 Indianola 1993 M.V. $135,000 $130,200 .964 11001 $130.07 to $139,000 $130,200 .936 11001 $130.07 $135,000 x .869 (Avg. % Assessed Value) _ $117,372 $139,000 x .869 (Avg. % Assessed Value) _ $120,791 or 1,001 sq.ft. x $99.90 (Avg. PSF Assessment) _ $99,999 or 1,001 sq.ft. x $115.53 (Avg. 1993 price PSF) _ $115,645.53 * 1993 Sales comparisons on page two 1993 March Date 1993 % Value Finished Assessed 1993 Sales Address Sold Sale Price Assessment Assessed Sq.Ft. Value PSF (Cost PSF) 5100 Halifax 10/91 $145,000 $136,300 .940 1,514 $ 90.02 5100 Halifax 3/93 $162,300 $136,300 .839 1,514 $ 90.02 $107.20 5104 Indianola 5/92 $149,900 $138,000 .920 1,158 $119.17 5112 Indianola 9/91 $185,000 $143,500 .775 1,300 $110.38 5121 Indianola 9/91 $161,900 $139,700 .862 1,539 $ 90.77 5129 Indianola 3/93 $161,000 $129,100 .801 1,300 $ 99.30 $123.85 5105 Juanita 7/91 $145,000 $137,700 .949 1,382 $ 99.63 Average is .869 Average is $ 99.90 $115.53 Average Subiect Propefty / 1993 5132 Indianola 1993 M.V. $135,000 $130,200 .964 11001 $130.07 to $139,000 $130,200 .936 11001 $130.07 $135,000 x .869 (Avg. % Assessed Value) _ $117,372 $139,000 x .869 (Avg. % Assessed Value) _ $120,791 or 1,001 sq.ft. x $99.90 (Avg. PSF Assessment) _ $99,999 or 1,001 sq.ft. x $115.53 (Avg. 1993 price PSF) _ $115,645.53 * 1993 Sales comparisons on page two Subiect Property / 1993 5132 Indianola $135,000 x .839 $139,000 x .839 or 1,001 sq.ft. x 1993 M.V. $135,000 to $139,000 (Avg. % Assessed Value) (Avg. % Assessed Value) $104.90 (Avg. PSF Assess * March, 1993 Sale: Average is .839 Average is $104.90 $130,200 130,200 = $113,265 = $116,621 ment) = $105,004 .964 11001 $130.07 .936 11001 $130.07 5129 Indianola is a larger, corner lot and the home contains many amenities the subject property does not have, i.e., security system, lower level amusement room w /fireplace, main floor family room, eat -in kitchen, foyer, underground sprinkler system, new furnace, new water heater, gas grill, built -in dishwasher, disposal, awnings, recently painted inside and out. (Home's price also reflects appliances - refrigerator and range, clothes dryer and a new washing machine.) If same per square foot value were used for subject property as this 1993 sale, assessment for 5132 Indianola would be $123,974. ($123.85 x 1,001). ASSESSMENT COMPARABLES - INDIANOLA AVENUE 1993 March Date 1993 % Value Finished Assessed 1993 Sales Address Sold Sale Price Assessment Assessed Sq.Ft. Value PSF (Cost PSF) -5104 Indianola 5/92 $149,900 $138,000 .920 1,158 $119.17 5112 Indianola 9/91 $185,000 $143,500 .775 1,300 $110.38 5121 Indianola 9/91 $161,900 $139,700 .862 1,539 $ 90.77 5129 Indianola 3/93 $161,000 $129,100 .801' 1,'300 $ 99.30 $123.85 Subiect Property / 1993 5132 Indianola $135,000 x .839 $139,000 x .839 or 1,001 sq.ft. x 1993 M.V. $135,000 to $139,000 (Avg. % Assessed Value) (Avg. % Assessed Value) $104.90 (Avg. PSF Assess * March, 1993 Sale: Average is .839 Average is $104.90 $130,200 130,200 = $113,265 = $116,621 ment) = $105,004 .964 11001 $130.07 .936 11001 $130.07 5129 Indianola is a larger, corner lot and the home contains many amenities the subject property does not have, i.e., security system, lower level amusement room w /fireplace, main floor family room, eat -in kitchen, foyer, underground sprinkler system, new furnace, new water heater, gas grill, built -in dishwasher, disposal, awnings, recently painted inside and out. (Home's price also reflects appliances - refrigerator and range, clothes dryer and a new washing machine.) If same per square foot value were used for subject property as this 1993 sale, assessment for 5132 Indianola would be $123,974. ($123.85 x 1,001). N * March, 1993 Sales: 5100 Halifax is a larger, corner lot and the home has amenities subject property does not have, i.e., amusement room w /fireplace newly decorated w /marble and carpet, 3/4 bath in lower level, foyer, breakfast room, perimeter outdoor lighting, built -in dishwasher, disposal. (Also, a new refrigerator and kitchen range are included in the home's price -) 5129 Indianola is also a larger, corner lot and the home has many amenities subject home does not have, i.e., security system, amusement room w /fireplace, family room, eat -in kitchen, foyer, underground sprinkler system, new furnace, new water heater, gas grill, built -in dishwasher, disposal, awnings, recently painted inside and out. (Also, price reflects appliances; new washer, dryer, refrigerator and range.) Note: Five comparables are two - bedroom homes; one is a three - bedroom home. All have sold between July of 1991 and March, 1993. All six comparables have more square feet of finished space as well as more amenities than 5132 Indianola, the subject property. 8808S] BR- 2 BA- 11110 1.5 STY FIN- CON 03/07193 6 DAYS PTS- 0 SO-5011 OLP- 162,000 L- $162,000 S4162,300 r• yi NEIGHBORHOOD. HADWO FLRS.LIV RM. WICOVED CER.INGS.2 FPLC SEPARATE BREAKFAST RM..3 SEASON PORCH.PATIO O'LOOKING WELL MANICURED BACKYARD 6 GARDENS. NEWLY DECO. L.L. W/314 BATH LGL LOT 1 BLOCK 2 GLENVIEW ADDITION TO EDINA ITORRENSI - PID 18-028.2441.0107 WAT CONNECT SEW CONNECT FPL LA AIR C ' REF.RNO.DWS.DSP D/P POR HWF L APROX L APROX LR M 18X20 18 M 11X13 TRM CON CIN SPC OR M 10X13 28 M 1OX13 ILEA FA / GAS INTO 0 INT 0 FR 313 EXT SHA EXF CON OD 0 ASM N KT M 10X12 SR BSM F.L PIN S 0 2MC 2MA ID M 0SX11 AN L 18X26 GAR 1.A PO M 10X12 EX U 31X49 88T Y MBT N SON 273 SDP 920.2980 JFSZ 0 AGF 1080 BGF 0 FSF 1814 LIST NO 039481 ISLIP91ADD 9100 HALIFAX AVE SHOW THIS HOME TO YOUR FUSSIEST CUENTS WHO WANT MOVE-IN CONDITION PLUS ABILITY FOR EXPANSION IN AN AREA WHERE APPRECIATION 19 EVIDENTI GREAT STREET PRESENCE INVITES YOU IN. LIVING ROOM NAB GLEEMING HARDWOOD FLOORS AND A LOVELY FIREPLACE PLUS COVED CEIUNOB. SEPARATE DINING ROOM WITH HOW FLOORS AND DOOR TO THREE SEASON PORCH OVERLOOKING A WELL MANICURED BACK YARD. KITCHEN WITH SEPARATE EATING AREA ON REAR OF HOME. LOWER LEVEL HAS BEEN COMPLETELY RE -DONE NEW BERBER CARPET AND MARBLE NEW REFRIGERATOR IN KITCHEN NEW FRONT STEPS POSSIBLE EXPANSION FOR GARAGE OR NEW 2 CAR FROM SIDE STREET UPPER LEVEL HAS GREAT SPACE AWAITING YOUR FINISHINO TO ADD BEDROOMS AND BATH. NORBEROIWENTWORTH 924 -8763 19244774 Edina Realy/.. 1$6927 1 BR- 2 BA- 1/0/0 1.5 STY CON L- $149,900 05/06M.:% 1 DAYS FTS -0 SO-5011 OLP-. 149.900 8- $149,900 ism • .�� 5104INDIANOLA AVE TAX S 1906 1921F MAP 40. 33 MUN EDINA ZIP 69424 TWA S 1909 AR "S SUB 1 ON 3 COU HENN SIR So ASP N LOT 109 X 79 ACR HS FOR 19 93 F YBL 1941 N DIR SM TO INDIANOLA, SOUTH is 0016,3, 6669"ws's"00SOLD BEFORE PMNTGOOOOOOOOOOOOOOO„00090 LGL LOT 2 BLK 3 OLENVIEW ADON TO EDINA PID 100292"10124 WA? CONNECT REF LAPROX LAPROX SEW CONNECT POR LA M 19X12 18 M 14X10:0 L A.9 C TRIM OTH DR M 11X10 28 M 12X10 -cA FA / OAS M7G 0 INT 0 % FR 78 EX' BHA EXF . CLA 000 ASM 1 KT M 12X10 AS SSM. F PIN S 0 2MC 2MA ID M 8XS GAP. :1 SP M 11X11 BB- N YBT N SON 272 SOP 00 =SZ 1168 AGF 0 BGF 0 FSF 1165 AGN KEVIN RIES 927.1196 BB Y • 3.16 SA 3.16 ER OFFICE EDINA REALTY. INC. 1.05011 PN 927.1100 APT 927.1133 Edina ftafy.. 164112 BR- 2 BA- 1/010 1.5 STY . CON L- 5189,000 - 09126191 10DAYS PTS -0 SO-5324 OLP- 189,000 S- $185,000 5112 INDIANOLA AVE TAX S 1920 /91 /F MAP 40 - 33 MUN EDINA ZIP 55424. TWA S 1920 AR S85 SUB 1 DIV 3 COU HENN AS8 S 0 ASP N LOT 75 X 105 ACA .18 HS FOR 19 92 / F YBL 1941. N DIR FRANCE TO S2ND WEST TO INDIANOLA - NORTH TO HOME 11 732607 HERE IT ISI THAT SPECIAL SOUTH HARRIET CAPE COD YOU'VE WAITED FORI METICULOUSLY MAINTAINED, TASTEFULLY REMODELED. WONDERFUL CURB APPEAL -2 CAR GARAGE -CHARM INSIDE W /EXPANSION POSSIBILITIES T001 A REAL TREASURE INSIDE . SEE SUPPLEMENTII PID 18.021. 2441.0126 WAT CONNECT REF,RNG,DSP,WSR L APROX L APROX SEW CONNECT WSH DRY LR M 20X15 18 liq 14X11 FPL L AIR C TRM FHA VA CON DR M 13X10 28 M 12X11 HEA FA / GAS MTG 0 INT 0 % FR 38 EXT M/V EXF CON OD 0 ASM N KT M 10X9 4B BSM F PIN S 0 2h1C 2MA M 8X9 SR 12X10 GAR 2,D,Y NEW FINANCING REGUIREDI AGN JOHN RAICHERT 927.1189 BB ' Y • 3.0 SA 3.0 ER OFFICE EDINA REALTY, INC. LO S011 PH 927.1100 APT 927.1133 A VERY SPECIAL SOUTH HARRIET PARK CAPE COO- DRESSED LIKE NEW BUT WIALL THE TRIMMINGS AND CHARM OF OLDI •••LIVING ROOM /DINING ROOM /PORCH •FEATURE COVED CEILINGS.BEAUTIFUL HARDWOOD FLOORINGA BRICK FIREPLACE AND LARGE BAY WINDOW -A SEPARATE FORMAL DINING AREA W /MIRRORED WALL ADJOINS- FRENCH DOORS OPEN TO A SCREEN PORCH AND PRIVATE LANDSCAPED BACK YARD "'KITCHENANFORMAL DINING /DEN *TOTALLY REMODELED FROM TOP TO BOTTOM -A SPACIOUS SEPARATE EATING AREA. NEW FLOORING. APPLIANCES, CABINETRY & COUNTER - TOPSI AN ALL CEDAR PANELLED DEN FOR A COZY READING ROOM OR OFFICEI. `BEDROOMS /BATHS •2 LARGE BEDROOMS - MASTER FEATURES LARGE DOUBLE CLOSETS AND PICKLE PINE FINISHED FLOORING •••A LARGE EXPANSION AREA WIDORMERS AND PLUMBING ALLOW ENDLESS OPPORTUNITIES FOR EXPANSION -JUST WALKING DISTANCE TO LUNDS,THE THEATRE AND ALL THE SHOPS OF 50TH AND FRANCEI Edina Really.. 64093 BR- 3 BA- 01110 1.5 STY CON L- $169,900 09119/91" 16 DAYS PTS. 0 SO-6163 OLP. 169.900 9.2161 -900 CHARMING CAPE COD • A REAL CLASSIC, WONDERFUL NEW COUNTRY DECOR. KITCHEN REDONE. 3-SEASON PORCH. LIVING ROOM WITH CENTER FIREPLACE AND HARDWOOD FLOORS. THIS HOME IS IN GREAT CONDITION. LGL LOT I t At rim f IY elwaw anrvnnu •n en. u. PID 18-0262411 -0117 WAT CONNECT SEW CONNECT FPL L F AIR C REF,RNO.DWS,WSR WSH DRY POR HWF L APROX L APROX LR 1 19X13 18 1 15X11 TRM CON CIN 0TH DR 1 FR L 12X10 28 1 22X13 38 U 12X11 15X11 HEA FA I GAS EXT WOO MTG 0 INT 0 % EXF CON OD 0 ASM N KT 1 12X8 48 8SM L PIN S 0 2MC 2MA GAR 1A J•ti: n.yv,.:v,: i:: l <';i:y }:::}::i•}.r.::.vs�v::::. } iii %�:`iiiiiii3:•• .Ai:�: i Vii::•:•' :L�: �Li�0YYf1' . 6121 NdD1ANOLA AVE B8T N MBT N TAX S 2002 / 91 i F MAP 10. 33 MUN EDBYA ZIP 5512{ TWA S 2002 AR 585 SUB 1 DN COU HENN ASB S 0 ASP U CHARMING CAPE COD • A REAL CLASSIC, WONDERFUL NEW COUNTRY DECOR. KITCHEN REDONE. 3-SEASON PORCH. LIVING ROOM WITH CENTER FIREPLACE AND HARDWOOD FLOORS. THIS HOME IS IN GREAT CONDITION. LGL LOT I t At rim f IY elwaw anrvnnu •n en. u. PID 18-0262411 -0117 WAT CONNECT SEW CONNECT FPL L F AIR C REF,RNO.DWS,WSR WSH DRY POR HWF L APROX L APROX LR 1 19X13 18 1 15X11 TRM CON CIN 0TH DR 1 FR L 12X10 28 1 22X13 38 U 12X11 15X11 HEA FA I GAS EXT WOO MTG 0 INT 0 % EXF CON OD 0 ASM N KT 1 12X8 48 8SM L PIN S 0 2MC 2MA GAR 1A B8T N MBT N SON 273 SDP 9443613 FSZ 1084 AGF 0 BGF 0 FSF 1539 ... �...I.. ..w —1 —w an v - SA 3.15 ER OFFICE EDINA REALTY, INC. LO 5011 PH 927.1100 APT 927.1133 LARGE MASTER BEDROOM AND 2ND BEDROOM ON MAIN LEVEL 3RD BEDROOM UP AND LOTS OF EXPANSION. EXTRA LARGE AMUSEMENT ROOM DOWN WITH FIREPLACE. NEWER FURNACE, AIR CONDITIONING, NOT WATER HEATER. FRESH AND SHARP THRUOUT. DEMAND LOCATION. Edina Realty.. Arm 44831 BR- 2 BA- 1 /010 RAMBLER FIN- CON . L- 1168,000 03/13/93 31 DAYS PTS -0 SO-5011 OLP- 168,000 S- $161,000 Jul if }? Y:: {.:. .i. .�f.•,i�. }.. {. .::fr: %tv: r:� is i'ri.i:::' {:i) {. y: y� ,y } e. ,1 .: .. :. iiv.; }i: {. } }i$ri•ir, }: •{^.CY<kXr 4.v. },.nwq v:T:ipJ C . ` :. Nx ::;{iin...:: .. .:: {: : 4: 9ii: rJ, }i':'tiM1'•}:ii::i:::i:: }i:.i.:n. V.4:.:n .•,.,,{.. .. 0129 INDIANOLA AVE LTAX 2013 /93 /F MAP 4 0.23 MUN EDINA ZIP 00424 0 AR 033 SUB 1 DIV 3 COU HENN 0 ASP N LOT 92 X 110 ACR .24 19 94 / F 1YBL 1940 N ' DIR BOTH ST. W. OF FRANCE TO INDIANOLA•60.T0 HOUSE 10 036401 SOUTH HARRIET PARK CAPE CODI YOU'LL LOVE THE CORNER LOT, THE LARGE ROOM SIZEB,EAT -IN KITC. 1ST FLOOR FAMILY RM, 2 FPLCS, HANDSOME AMUSEMENT RM.LAROE CLOSETS,RANDOM OAK PEGGED FLOOR$ St THE UPGRADES IN THE SUPPLEMENT. HURRY ON THIS ONEII LGL LOT 9 BLK 2 GLENVIEW ADON TO EDINA PID 18-023.2411 -0111 WAT CONNECT REF.RNO,DWS,DSP,WSR L APROX L APROX !SEW CONNECT MPH WSH DRY BUS FLT,SEC- LR M 24X14 W M 14X12 FPL L.A AIR C TRM CON CIN DR M INCL 28 M 12X11 HEA FA / OAS MTG 0 INT 0 % FR M 14X13 38 EXT WOO EXF CLR OD 0 ASM N KT M 10X8 48 8SM F PIN S 0 2MC 2MA AN L 22X12 PA 0 20X22 GAR 1.A BBT N MBT- N SON 273 SDP 920.2980 IFSZ 1000 AGF 1000 BGF 300 FSF 1300 AGN NANCY O'KEEFE 9201368 BB Y • 3.16 SA 3.16 ER OFFICE GREAT MINNEAPOLIS LO $271 PH 926.6990 APT 926.6990 LIST NO 036401 ISUPOIADD 01291NOIANOLA AYE RECENTLY ADDED OR REPLACED: - COMBINATION WINDOWS - FURNACE UIPRIL AWE • LENNOX) - WATER HEATER - AIR CONDITIONING - OAS GRILL - AWNINGS - CEILING FAN IN SATH - UNDERGROUND SPRINKLING SYSTEM - WESTEX SECURITY SYSTEM - EXTERIOR PAINTED 13 YEARSI - INTERIOR PAINTED 12 YEARS) -. WASHINO MACHINE NOTE .... OWNER IS A LICENSED REAL ESTATE AGENT BUT NOT ACTIVE Edina Realty. •, 2..` yl 0192 JUAIVIM AYE Fse X S 1946 191 /F MAP 40 . 33 MUN EDINA ZIP 55424 A S 1946 AR SOS SUB 1 DIV COU HENN S 0 ASP U L -OtC A- T•40 -N NEXT TO •BRUCEWOOOS' CHARM OF 1940 STYLE OUALITY HOMES AND OUIET TREE -LINED STREETSI COZY'CAPE' STYL M-MT CONDITKftHARDWOOD FLRS- FIREPLACE- FORMAL OR-PORCH- DECK-LARGE EXPANSION UP- TERRIFIC PINE AMST RM•RARE FINDI LGL LOT 19'BLX 3 GLENVIEW ADON MID 16020.24.41.0141 WAT CONN REF RNG,DWS,DSP,WSR L APROX L APROX SEW CONN MPH BUS D P POR HWF LR 1 ISMS 18 1 13X12 FPL Y AIR C TRM CONCW DR 1 12X9 28 1 13X10 REA FA / GAS MTG 0 INT 0 % FR 38 EXT SHAKE,• EXF CON OD 0 ASM N KT 1 11X10 48 BSM RL,D PIN SO 2MC 2MA PO R 12X9 AN L 20X14 GAR 1A ONE OF THE BEST AREAS IN AGN ART HEIAM 927.1139 88 Y . SA 3.15 ER OFFICE EDINA REALTY, INC. 1.0 5011 PH 927.1100 APT 927.1133 Edina thr. . , . .►� ASSESSMENT COMPARISON 5125 Indianola / 5132 Indianola 5125 Indianola Sold December, 1978 Sale Price: $84,000 1992 Assessment: $121,000 14 Year Increase of: $37,000 $37,000 - $84,000 = .4404, or an increase of 44% 5132 Indianola Sold November, 1978 Sale Price: $66,000 1992 Assessment: $119,400 14 Year Increase of: $53,000 $53,000 - $66,000 = .8090, or an increase of 81% Had the taxes on 5132 Indianola increased at an equal rate of 44 %, the 1992 assessment would have been $95,066.40. $66,000 x .4404 = $29,066.40 66,000 $95,066.40 Both homes are two - bedroom. 5125 Indianola has an eat -in kitchen, first floor family room, amusement room w /fireplace in basement, deck, maintenance -free siding - amenities that 5132 does not have. 3 General Desirability: Good Fair Poor t Ot er. LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY V Frontage Average Unit Unit Front. Ft. Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abotemest, cte. Figured Depth Price Percent Price Top. Infl. Total iylj 5 ,l S ASSESSED VALUES " ARKET MARKET TOTAL I FULL VALUE TOTAL VALUE HOME- YEA' FULL VALUE OF OF LAND STEAD R VALUE OF VALUE OF MARKET 'HOMESTEAD REMAINDER LAND STRUCTURES VALUE OF LAND STRUCTURES -STRUCTURES AND yes No 25?-o' (a) gpoy TOTAL - SALES INFORMATION �F'' 8--�lC ?ocl L IC'", Dots Consideration Kind of Inst. Remarks �{ �f j co I a100 ? of C) (1(0 - > n 1 : ' f 1196 8oU W 7 _;ow 0() 5 o Oa :u a , 11L2_ ,foo a (- 3a L16 / Contract for Deed held by: Igiaa /3,. -y: fi21M �A4r1,n GG 1 3ih30o 690. 0 1, FITA RESIDENTIAL PROPERTY RECORD AND APPRAISAL CARD VTRT_I EE T ADDRESS 4443 Garri son Lane ASESSMENT DIST. SCHOOL DIST. N0. — LOT BLOCK ADD, "EC. 309 TTdP . 28, RGE. 2 _ avt PLAT NO. 73830 PARCEL NO. .: �— 4 - ~mil it _• ,. .. - • " ' BUILDING PERMIT RECORD Dote Number Amount Purpose' _ 1 2 :7D . C c , f' 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 Gravel DRAINAGE Storm Sewer Dirt Good - Fair -Poor Nat'l Gas with alley LOCATION ZONING OR USE 3 General Desirability: Good Fair Poor t Ot er. LAND VALUE COMPUTATIONS ASSESSMENT SUMMARY V Frontage Average Unit Unit Front. Ft. Valuation changes to be entered on next line. Indicate year and authority — Assessor, Final Equalized, Abotemest, cte. Figured Depth Price Percent Price Top. Infl. Total iylj 5 ,l S ASSESSED VALUES " ARKET MARKET TOTAL I FULL VALUE TOTAL VALUE HOME- YEA' FULL VALUE OF OF LAND STEAD R VALUE OF VALUE OF MARKET 'HOMESTEAD REMAINDER LAND STRUCTURES VALUE OF LAND STRUCTURES -STRUCTURES AND yes No 25?-o' (a) gpoy TOTAL - SALES INFORMATION �F'' 8--�lC ?ocl L IC'", Dots Consideration Kind of Inst. Remarks �{ �f j co I a100 ? of C) (1(0 - > n 1 : ' f 1196 8oU W 7 _;ow 0() 5 o Oa :u a , 11L2_ ,foo a (- 3a L16 / Contract for Deed held by: Igiaa /3,. -y: fi21M �A4r1,n GG 1 3ih30o 690. 0 1, FITA *7 1993 CITY IF EDINA BOARD OF REVIEW. OWNER(S) NAME: PROPERTY ADDRESS: 44q 1. DO YOU WISH TO ADDRESS THE 1993 VALUE? (ES ri PID #30 - 02,2.2y -12 -003 j EMV L ( (o ,9 O O 2. WHAT DO YOU BELIEVE IS THE CORRECT VALUE? 3. WHAT ARE THE REASONS SUBSTANTIATING THE ABOVE STATED VALUE? /4Lbt S 19-D /v T 17'Y , S , A REMINDER: THE BOARD OF REVIEW MEETS TO HEAR EVIDENCE THAT THE ASSESSOR'S ESTIMATED MARKET VALUE IS IN EXCESS OF ACTUAL MARKET VALUE. THE BOARD WILL CONSIDER YOUR EVIDENCE AND ARRIVE AT ITS DECISION AT A LATER DATE. YOU WILL BE NOTIFIED OF ITS ACTION PRIOR TO THE CONVENING OF THE HENNEPIN COUNTY BOARD OF REVIEW ON JUNE 14, 1993, ALLOWING FURTHER APPEAL IF YOU CANNOT AGREE WITH THE CONCLUSIONS OF THIS BOARD. L ,4 U / N d� ,_ sD,nd L /= /7 /4Lbt S 19-D /v T 17'Y , S , A REMINDER: THE BOARD OF REVIEW MEETS TO HEAR EVIDENCE THAT THE ASSESSOR'S ESTIMATED MARKET VALUE IS IN EXCESS OF ACTUAL MARKET VALUE. THE BOARD WILL CONSIDER YOUR EVIDENCE AND ARRIVE AT ITS DECISION AT A LATER DATE. YOU WILL BE NOTIFIED OF ITS ACTION PRIOR TO THE CONVENING OF THE HENNEPIN COUNTY BOARD OF REVIEW ON JUNE 14, 1993, ALLOWING FURTHER APPEAL IF YOU CANNOT AGREE WITH THE CONCLUSIONS OF THIS BOARD. ' CITY OF EDINA BOARD OF REVIBI - 1993 Mr) ninnnr• L nnnargq ASSESSOR'S T.MAL DESC. EST MKT VAL OWNER'S EST OF MKT VAL RUCOtl- E.:NDATTON DF.CTFTnm 1 DAVID D. NAAS 06- 116 -21 -21 -0001 $ 775,000, $516,400 ACREAGE INCLUDES (2) NOMINAL VALUATION PARCELS. NO CHANGE. .6721 MCCAULEY TR S (APPROX. 8.2 ACRES) -- PLEASE SEE ATTACHED MAP. - rte- ---�, MObun td.. 2 LAWRENCE J. /JANET 18- 028 -24 -41 -0131 $ 130,20() $ 115,000 PROPERTY HAS BEEN INSPECTED AS WELL AS MARKET NO CHANGE. ANDERSON / ANNALYSIS PERFORMED. 5132 INDIANOLA AV. 3 KEVIN /SHAROL 30- 028 -24 -12 -0031 $ 116,900 $ 105,000 PROPERTY HAS BEEN INSPECTED AND REVIEW OF SALES. NO CHANGE. KURTH OWNERS APPRAISAL HAS NOT YET BEEN SUBMITTED. 4443 GARRISON LA. 4 BOYD B. /CHERIE F. 19- 028 -24 -21 -0071 $ 520,000 $ 470,000 REVIEWED PROPERTY AND COMPARABLE SALES. HOME SOLD NO CHANGE. STOFER IN JUNE, 1988 FOR $522,500. 4604 GOLF TERR. L -1 JAMES /KATHRYN 29- 117 -21 -11 -0019 $ 323,400 $ 300,000 PROPERTY HAS BEEN INSPECTED AND SUBMITTED NO CHANGE. BISHOP APPRAISAL HAS BEEN REVIEWED. 2 CIRCLE EAST L -2 ADA M. JONES 29- 117 -21 -21 -0020 $ 417,700 HOUSE HAS BEEN INSPECTED, MOSTLY TAX CONCERNS. NO CHANGE. l 4724 ANNAWAY DR. c ti CI'IY OF EDINA BOARD OF REVI01 — 1993 ASSESSOR'S OWIER' S EST nir� N11M1ff? nni�t�r_�� LFGAL DISC. EST MKT VAL OF NIICT VAL COMEN'IS 10: )P,lMF- Nf)ATT (-)N r)Pf T q T nN MICHAEL T. KALLAS ATTY REP: L -3 STANLEY P. and 30- 117 -21 -42 -0030 $ 545,000 $ 535,500 HOUSE HAS BEEN INSPECTED. RECOMMEND REDUCTION `$- 537__,_500 CATHARINE E. TO PURCHASE PRICE. WILLIA14SON 5012 RIDGE RD L -4 MARTIN J /SUSAN G. 31- 117 -21 -24 -0052 $ 321,900 SEVERAL MESSAGES LEFT FOR MR. KANTER, PRIOR TO NO CHANGE. KANTER BOARD OF REVIEW. REVIEWED 2 STORY SALES. 6624 DOVRE DR. L -5 WILLIAM HIGGINS 32- 117 -21 -21 -0066 $ 231,100 RECENT INSPECTION, PURCHASED IN MAY, 1991 FOR NO CHANGE. JULIE WOODSON $265,000. CURRENTLY LISTED AT $269,900. 5504 CHANTREY RD L -6 JOSEPHINE NOVOTN 33- 117 -21 -31 -0004 $ 86,200 PROPERTY REVIEWED. RAMBLER SALES IN THAT NO CHANGE. 5115 BENTON AV. NEIGHBORHOOD RANGE FROM $120,000 TO $193,000. L -7 SUE GUILDERMANN 07- 028 -24 -13 -0002 $ 145,800 RECENTLY INSPECTED PROPERTY. "1 2,000 -1 STEPHEN PHILLIPP — - 4104 LYNN AV. L -8 LAURIE GREENO 18- 028 -24 -11 -0034 $ 309,800 $224- 252,000 PROPERTY INSPECTED. RECOMMEND REDUCTION TO $-80 000 EDWARD GREENO PURCHASE PRICE OF $280,000. 4701 MEADOW RD CI'lY OF EDINA BOARD OF REVIEt4 - 1993 ASSESSOR'S OWNER'S EST Mfl- MAMP & AnnRF.SS LEGAL DESC. EST MKT VAL OF MKT VAL COPMENTS RECOr,m7mmmnm DF.f T -qTnnl L -9 ROBERT /CLARA LINDNER 18- 028 -24 -12 -0128 $ 298,700 $ 262,500 HOUSE IS CURRENTLY RENTED UNTIL AUGUST, 1994. $ 292,900 4514 DREXEL AV. ('87 purchase) SALES OF NEIGHBORING HOUSES -HAVE BEEN REVIEWED. L -10 DUNCAN /PATRICIA 18- 028 -24 -12 -0005 $ 303,900 $ 280,000 PROPERTY INSPECTED. REVIEWED BANK APPRAISAL AND $ 290 000 T SINCLAIR OTHER SALES. 4200 SUNNYSIDE RD L -11 SHELLEY /FRANKLIN 18- 028 -24 -12 -0160 $ 231,400 $ 220,000 SEVERAL ATTEMPTS TO INSPECT PROPERTY. OWNER ALWAYS NO CHANGE. NEAL CALLS AND CANCELS APPOINTMENTS. REVIEWED SALES 4601 BRUCE AV. WITHIN NEIGHBORHOOD. L -12 TRUDI J. ANDERSON 18- 028 -24 -13 -0087 $ 212,100 INSPECTED PROPERTY AND REVIEWED SALES. $210, JOSEPH T. GREEN 4631 BRUCE AV. L -13 MARY ZARLING 18- 028 -24 -14 -0060 $ 172,300. $ 155,000 PROPERTY INSPECTED. REVIEWED SUBMITTED APPRAISAL $''155,000 F. QUIST TRUST AND NEIGHBORHOOD SALES. `� -� _ 4808 TOWNES RD L -14 FRANK /JANET 18- 028 -24 -21 -0037 $ 385,300 RECENTLY INSPECTED AND REVIEWED CURRENT BROWNDALE NO CHANGE. LEDERLE SALES. 4507 BROWNDALE A NO. NAME & ADDRESS ASSESSOR'S LEGAL DESC. EST MKT VAL CITY OF EDINA BOARD OF REVIEW - 1993 OWNE- R'S EST OF MKT VAL RECOMMENDATION DECISION L -15 RICHARD D. ANTON 18- 028 -24 -21 -0064 $ 458,200 VALUE RESTORED FROM PREVIOUS REDUCTION. PROPERTY NO CHANGE. 4508 EDINA BLVD HAS BEEN INSPECTED AND SALES REVIEWED. L -16 MERVIN KRONFELD 18- 028 -24 -23 -0007 $ 258,000 PROPERTY INSPECTED IN 1988. HOME IN GOOD CONDITION NO CHANGE. 4816 WOODHILL WAY REVIEWED SALES IN NEIGHBORHOOD. L -17 OLIVE L. HARRIS 19- 028 -24 -12 -0076 $ 170,600 $ 155,000 PROPERTY HAS BEEN RECENTLY INSPECTED AND SALES $ 166,800 REVIEWED. 5504 KELLOGG AV. L -18 DONALD PAUGH 19- 028 -24 -12 -0111 $ 184,700 INSPECTED PROPERTY, TAXES OF PRIMARY CONCERN. NO CHANGE. 5513 KELLOGG AV. L -19 HASSAN A. RASOUL 19- 028 -24 -41 -0005 $ 97,100 $ 84,000 INSPECTED PROPERTY AND REVIEWED SALES. NO CHANGE. 3913 WEST 58TH S L -20 DONALD /JOANNA 20- 028 -24 -32 -0100 $ 131,500 PROPERTY HAS BEEN INSPECTED AND MARKET ANALYSIS $ 120,500 PENDERGAST SUBMITTED. 5924 DREW AV. CITY OF EDINA BOARD OF REVIEW - 1993 ASSESSOR'S OWNER'S EST No- NAMP ry ADDRESS LEGAL DFSC . EST MKT VAL OF MKT VAL M24ENTS 1617pC�i� iul�l►I� Y • ► R L -21 JON R. /CHRISTINE 31- 028 -24 -13 -0034 $ 162,800 $ 158,000 INSPECTED PROPERTY AND REVIEWED SALES,ON BLOCK. NO CHANGE. DEMARS VICTORSEN HOUSE HAS BEEN RENTED FOR PREVIOUS 5 YEARS. 7213 CORNELIA DR. SUBJECT WAS PURCHASED AFTER THE FINAL LISTING OF $169,900 HAD EXPIRED. L -22 C.G. RETHERFORD 31 -028 24 -21 -0016 $ 145,200 $ 125,000 ( ?) INSPECTED PROPERTY AND REVIEWED SALES. NO CHANGE. 7007 WEST SHORE R', L -23 DORIS E.iCAUBLE 30- 117 -21 -13 -0052 $ 158,700 $ 130,000 PROPERTY TNCPECTED. HOME IN NEED OF UPDATE AND $ 140,000 t RE: 6425 MENDELSS HN LA. MAINTENANCE. REVIEWED LOCATION AND SIZE WITH 388 ROSLYN PL NEIGHBORING PROPERTIES AND SALES. MPLS, MN 55419 L -24 BENJAMIN /HELEN 32- 117 -21 -34 -0070 $ 214,300 EMV'S AND SALES IN NEIGHBORHOOD REVIEWED. NO CHANGE. LEUNG 6076 OLINGER CIR. L -25 NICHOLAS P. BASIL 32- 028 -24 -34 -0194 $ 79,900 REVIEWED (4) SALES PROVIDED BY OWNER & HIS AGENT, (2) OF WHICH I HAD USED. ONE IS NOT A GOOD INDICATO NO CHANGE. 12720 DORCHESTER TR 32- 028 -24 -34 -0227 3,700 OF MARKET VALUE, AND ANOTHER IS A VERY RECENT SALE. APPLE VALLEY, MN 83,600 79 200 THE THREE GOOD INDICATORS OF VALUE SUPPORT THE EMV. ALSO ONE CURRENT LISTING IS AT $87,900. RE: 7621 EDINBOROU H WAY #2205 L -26 TOTAL PETROLEUM 20- 028 -24 -22 -0045 $ 330,000 $ 145,000 REVALUED BY HENNEPIN COUNTY BOARD OF EQUALIZATION NO CHANGE. LAST YEAR. P.O. BOX 500 DENVER CO 80201- 00 V- RE: 5401 FRANCE V. plin sinner. c nnnnr. cc ASSESSOR'S T.F.MT. iIFRC' _ PST MKT VAT, CITY OF EDINA BOARD OF REVIEW - 1993 OWNER'S EST OF MKT VAL RECOZ EMATION DECISION L -27 CARLYLE /MARINE 05- 116 -21 -41 -0071 $ 192,800 HOME WAS INSPECTED IN APRIL, 1990. HOME IN GOOD NO CHANGE. JACOBSON CONDITION. REVIEWED SALES IN NEIGHBORHOOD. 6624 LIMERICK LA. L-28 DAVID /COLLEEN 30- 117 -21 -43 -0041 $ 416,500 EMV'S HAVE NOT CHANGED IN THIS NEIGHBORHOOD SINCE NO CHANGE. WHITE 1990. REVIEWED SALES ON GREEN FARMS ROAD AND 5211 GREEN FARMS CT. GREEN FARM COURT. L =29 STEVEN /LINDA 33- 117 -21 -32 -0077 $ 114,000 $ 111,500 HOUSE HAS BEEN INSPECTED AND SALES REVIEWED. NO FURTHER POLLMANN REDUCTION q l -7 iG•� r •� STATE OF MINNESOTA) SS. COUNTY OF HENNEPIN) 0 hMA SUN AFFIDAVIT OF PUBLICATION L.J. Canning , being duly sworn on an oath says that he/she is the publisher or authorized agent and employee of the publisher of the newspaper known as Edina Sun - Current stated below. , and has full knowledge of the facts which are (A) The newspaper has complied with all of the requirements constituting qualification as a qualified newspaper, as provided by Minnesota Statute 331A.02, 331A.07, and other applicable laws, as amended. (B) The printed Assessment Notice which is attached was cut from the columns of said newspaper, and was printed and published once each week, for one successive weeks; it was first published on Wednesday , the 31 day of March , 1g 9 3 , 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: abcdefghijktrnnopgrstuvwxyi BY: TITLE: Ge a ra l Manager Acknowledged before me on this 31 dayof March I 19 93 Public: MEPZIDEL M. HEDBLOM Notary Public Minnesota HENNEPIN COUNTY ulracv�av��; RATE INFORMATION (1) Lowest classified rate paid by commercial users $ 1.60 per line for comparable space (Line, word, or inch rate) (2) Maximum rate allowed by law for the above matter $ 96.84 per line (Line, word, or inch rate) (3) Rate actually charged for the above matter $ 724 per line (Line, word, or inch rate) City of Edina r i (Official Publication) CITY-OF EDINA 48o1 WEST SM STREET _ EDINA, MINNESOTA 55424 . ASSESSMENT NOTICE NOTICE IS HEREBY GIVEN, that the Board of Review of the City of Edina to Hennepin Coun- ty, Minnesota, will -meet in -the Council'tt Chambers at 5:00 P.M. 6 Monday, April 12,19s3, P for the purpose of reviewing and correcting the i assessment of said city for the year 1993. All per- sons considering themselves aggrieved by said ' assessment or who wish to complain that the I rope ty of another is assessed too low, are hereby notified to appear at said meeting and show. cause for having such assessment " corrected. k No complaint that another person is assessed (.too low wW be acted upon-until the person so i assessed, or his agent, shall have been notified i of Dated this p31st day of March, 1993., - MARCELLA M. DAEHN 1 I. City Clerk (March.31, 1993) —ED 4 (Official Publication) CITY OF EDINA 4801 WEST 50TH STREET EDINA, MINNESOTA 55424 ASSESSHSHT HOTICE 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 12, 1993, for the purpose of reviewing and correcting the assessment of said city for the year 1993. All persons considering themselves aggrieved by said assessment or who wish to complain that theproperty 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 31st day of March, 1993. Marcella M. Daehn City Clerk Publish in the Edina Sun - Current on March 31, 1993 Send two Affidavits of Publication s . ' STATE OF MINNESOTA ) COUNTY OF HENNE PIN ) 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 12, 1993 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, 7499 France Avenue South Dated 31.30113 Signed . Signed and sworn to before me, a Notary Public in and for Hennepin �Cgunty, Minnesota, this 0TR day of /"(1420 i4--- , 1913. P -000000000000-- - -10000000 -00 %� •.. NANCY A. HAGFORS fide i� Li; NOTARY PUBLIC — MINNESOTA HENNEPIN COUNN My Commission Expires Jan. 3. 1995 8/91 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 ;� HENNEPIN County, Minn., will meet in the Council C cambers , in said City at 5 : 0 0 o'clock -L—M., on MONDAY the 12TH (laV of APRIL ' ;19 93 for the purpose of reviewing and correcting the assessment of said CITY for the year 19 .. 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 31st day of March 19 93 Marcella M. Daehn Clerk of the City of Edina W HC 586 (2/84) CERTIFICATION OF POSTING OF ASSESSMENT NOTICE State of Minnesota COUNTY OF HENNEPIN CITY OF EDINA of the City on the 30th ss. I, of Edina day of March Marcella M. Daehn , Clerk in said County for the year 19 9 3, do hereby certify that , 19 9 3 , 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 in the in Hennepin County, Minnesota, will meet at the- office -ofthe Council Chambers 6lerkriasaid--------- at 5:00 o'clock P •• M., on Monday , the 12th day of April , 1993 , for the purpose of reviewing and correcting the assessment of said City I for the year 19 93 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 31st day of March 19 93 Marcella M. Daehn Clerk of the City of Edina Given under my hand this 30th day of March 19 93. J/ V[ ate— �✓t - Clerk Marcella M. Daehn State of Minnesota, COUNTY OF HENNEPIN SS. CITY of EDINA 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 afficerfthe 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 19th day of April 1993 NOTICE TO ASSESSOR Assessor must make the necessary footings at bottom of each page and carry them forward to the "Tabular Statement .form, and in so doing use all possible care. Minnesota Statutes, Section 274.04. The assessor shall foot each column in his assessment book, and make in each book, under proper headings, a tabular statement showing the footings of the several columns upon each page. He shall also foot the total amounts of the several columns under the respective headings. " ` " Such return shall be verified by his affidavit substantially in the following form: ASSESSOR'S RETURN OATH To Be Signed By County Assessor To Auditor of the County of State of Minnesota SS. County of I , Minnesota. , 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 1 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 1, County Assessor of County, Minnesota, do solemnly swear that the owner or occupant of each description of real property which was subjected to an increase in market value over the preceding year's assessment was given official notice of the amount of such increases. l further certify that all such notices were sent through the course of ordinary mail not less than ten days prior to the duly convened or on Month Day Year of Moak Day Year ten days prior to the official adjournment thereof. Date Signature: on which Board of Review Form 0 1 -4 — Poucher, Mpls STATE OF MINNESOTA, Countyof Hennepin City of Fri inn We, the undersigned, Board of Review —Equalization —of the Ci t Y of Edina in said County, do hereby certify that we, and each of us; attended at the efGf:e e>! -Ihe rnttn r j 7 rhamhpra , C i�It 04. 12th day of April , 199 —. The day set forth in the notice given by the Clerk, and in accordance with the provisions of Minnesota Statutes, Section 274.01. We made changes in the 19(-3— Assessments as entered in the following forms. Witness our hands this 97t-h day of Aril .19 93. Chairman _ i c CHANGES MADE BY LOCAL BOARD OF REVIEW — "Applies only to Cities whose Charters provide for a Board of Equalization instead of a Board of Review. S *Enter "Yes" or "No" for each Description. Identify Parcel on which Residence is Located with Letter "H ". Indicate if Mid -Year or Fractional Homestead. — "Indicate Type of Property: R - Resider ial, C - Com�/m3e�3rcial, I - Industrial, U Utility, F - Farm, T - Timber. Homestead: 2a, 1 a or 1 b, SRR - Seasonal Recreational Residential, SRC - Seasonal Recreational Commercial, FH - National Housing. * O - Other, Specify: Mineral�ail� J NAMEOF PROPERTY OWNER AND ADDRESS Parcel or Desc. No. DESCRIPTION S.. S. ar Lot Twp. a Ellk. Rng. Number of Al of Deeded Land Number Acres of Farm Land Indi- Wle .0_ stead Yes or No' tndi- sate type of Prop- any by Sym. bol" Class of Property Increase in Estimated Market Value Dollars Decrease in Estimated Merkel Value Dollars Estimated Markel Value of Omitted Real Property Dollars RE Agri. -11—I _ All or- Acres toes 05.116-21-41 4071 TES R N/C - 21 -.21 -0001 YES R N/C JAMES A./KATHRYN BISHO 29- 117 -21- 11,0019 YES R N/C ADA M JONES 29117 -21 -21 -0020 YES R N/C DORIS E C U I BLE 30- 117 -21 -13 -.0052 YES R 18,700 STANLEY P./CATHARINE E I 0 30- 11721- 42T,0030 NO R 7,500. DAVID COLLEEN K. WHITE 30- 117 -21 -43 -0041 YES R N/C MARTIN J, SUSANNE G. KANTER 31- 117 -21- 24,0052 YES R N/C WILLIN-1 M. HIGGINS /JULIE K. WOODS )N 32- 117 -21- 210066 YES N/C BENJAMIN S, HELEN T. LEUNG 32-117-21-34-0070 YES R N C JOSEPHINE W, NOVOTNY 33-117-21-31-0004 YES R N C STEVEN T, /LINDA L. POLLM NN 33- 117 -21 -32 -0077 ES R N/C STEPHEN P,PHILLI S SUE ANN GU E 07- 029 -24 -13 -0002 EDWARD W, /LAURIE H G EENO 18-028-24-11-0034 R. DUNCANIPATRICIA A. SINCLAIR $- - - - RQ RT /CLARA LINDNER 18- 028 -24 -12 -01.2. SHELLY M. /FRANKLIN S. NEAL 18- 028 -24 -12 -0160 YES R N C JOSEPH T. /TRUDI J. ANDER - 224 -13 -003 YES R 1,600 NOTE: Where omitted Real Propedv is Pdriarl indicate valve of I and, Buildings and Machinery Separately. Fora, O 1 -4 — Poucher, Mpls STATE OF MINNESOTA, County of HENNEPIN CITY of Fit I NA We, the undersigned, Board of Review — 'E�qu1alization — of the Ci f-�r of Edina in said County, do hereby certify that we, and each of us, attended at the tS}�C8 omm a Cn lm i 1 Chambers r Ci tYCl ortthe 12th day of April '1993 . The day set forth in the notice given by the Clerk, and in accordance with the provisions of Minnesota Statutes, Section 274.01. We made changes in the 193_ Assessments as entered in the following forms. Witness our hands this 27th day of A ril Chairman CHANGES MADE BY LOCAL BOARD OF REVIEW — *Applies only to Cities whose Charters provide for a Board of Equalization instead of a Board of ' w. �ri r " " f r ach Des cri tion. Identi Parcel on which Residence is Located with Letter "H ". Indicate if Mid -Year or Fractional Homestead. — "Indicate Type Of Prope y: - esidenti , C Commerci , Enter Yes o No o e p Identify F - Farm, T . Timber. Homestead: 2a, t a or 1 b, SRR - Seasonal Recreational Residential, SRC - Seasonal Recreational Commercial, FH - National Housing. * O . Other, Specify: Mineral - 5.25 %; Railro d 330%-525% ..ova- J �4 NAMEOF PROPERTY OWNER AND ADDRESS Parcel or Desc. No. DESCRIPTION Sec. a Lot Twp. or Blk. Rng_ Numberof Aciee of Deeded Land Number Acres of Farm Land Indi- tale Home stead Yes or No, Ind, cafe type of Prop- any by Sy.- bole. Class of Property Increase In Estimated Markel Value Dollars Decrease In Estimated Markel Value Dollars Estimated Market value Of Draw Real Property Ddlare REMARi Agri- cultural All Other Acres _ IODs r RICHARD P. ANTONE 1802824.•21••0064 MERVIN KRONFELD 18,028.2423,0007 qR LAWRENCE J, /JANET M. ANDERSON 18-02824r.41 -0131 YFr1 N/r OLIVE L. WARIS 19428r24,424076 vcc R 3,800 DONALD PAUM 19028..2 x12- YES R N C BOYS B. /CHERIE F STOFER 19.028r24r21,0071 ES R NIC HASSAN A. RASOUL 19028.24-41 -0005 TOTAL PETEOLEUM 20.028 24- ,22,0045 NO CC N C DONALD JOI,NN ENDERG ST 20- ,02824.32-0100 YES R 11,000 KEVIN /SHAROL KURTK 3002824-,12 -0031 YES R N C JON 9,/CHRISTINE C DEM RS V CTORSEN 31- 02824r13,0034 YES. C :C.G. RETEERFORD 3-1,028,24-214016 NICHOLAS P, BASIL U- 028 - 24.34,0194 NO x ElORFNCE QUEST R— UR,94_14,006Q NOTE: Where omitted Real Property is added indicate value of Land, Buildings and Machinery Separately.