5-6-96 agenda
• CITY OF RICHFIELD, MINNESOTA
MONDAY, MAY .6, 1996
SPECIAL CITY COUNCIL MEETING
6:00 P.M.
RICHFIELD CITY HALL
6700 PORTLAND AVENUE
LOBBY CONFERENCE ROOM NO.2
AGENDA
CALL TO ORDER
• ROLL CALL
1. INTERVIEW OF PERSONS INTERESTED IN SERVING ON CITY'S
BOARD/COMMISSIONS
ADJOURNMENT
Auxiliary aids for individuals with disabilities are available upon request.
Requests must be made at least 96 hours in advance to the Administrative
Services Director at 861-9702.
0
LOGr-
0
CITY OF RICHFIELD
MONDAY, MAY 6, 1996
LOCAL BOARD OF EQUALIZATION
7:00 P.M.
COUNCIL CHAMBERS
AGENDA
•
CALL TO ORDER
ROLL CALL
1. CONVENING OF 1996 RICHFIELD BOARD OF EQUALIZATION
COUNCIL LETTER NO. 143
ADJOURNMENT
AUXILIARY AIDS FOR INDIVIDUALS WITH DISABILITIES ARE AVAILABLE UPON
REQUEST. REQUESTS MUST BE MADE AT LEAST 96 HOURS IN ADVANCE TO
THE ADMINISTRATIVE SERVICES DIRECTOR AT 861-9702.
1?
CITY OF RICHFIELD, MINNESOTA
Council Letter No. 143
Agenda May 6, 1996
Issue Statement:
Convening of the 1996 Board of Equalization.
Background:
The 1996 Richfield Board of Equalization is scheduled for Monday, May 6, 1996 at 7:00
p.m. in the Council Chambers of City Hall. As provided by City Charter, the Board of
Equalization consists of the Mayor, Council Members and two citizens appointed by the
City Manager with confirmation by the City Council. Mr. Lawrence Emond and Mr.
Glenn Erickson were recently appointed to serve on the 1996 Board of Equalization.
The duties and responsibilities of the Board of Equalization are established by state
law. In general, it is the Board's responsibility to hear appeals by property owners from
the Estimated Market Values established by the City Assessor and to determine if
market values should be adjusted. The appeals concern market values rather than tax
rates or other concerns which property owners may bring up to the Board.
Each parcel of property in Richfield has had an Estimated Market Value (EMV) set as of
January 2, 1996. Overall, residential property values increased by approximately 3.3%
from 1995 values. Properties which were physically reappraised received reductions
and increases, but were generally increased. Properties which were not physically
reappraised received statistical adjustments based on the characteristics of the property
and a computer assisted assessment.
The Richfield property assessment was conducted through a contract with Hennepin
County which is supervised by the Administrative Services Department. Staff works
closely with the Hennepin County Property Appraisers to ensure that the local
assessment complies with the provision of the law. For example, the Administrative
Services Director verifies that the number of on-site properties appraised for 1996
meets the standard (25% of total properties in the City) established by law.
In addition, the median ratio (comparing Estimated Market Value to sales price) for
Richfield's 1996 assessment is 93.5%. The County Auditor's suggested level of
assessment (median ration) for all municipalities in Hennepin County is 93%. Thus, the
Richfield local assessment is on target with comparable Hennepin County communities.
On February 28, 1996 property valuation notices were mailed to all property owners
showing the 1996 Estimated Market Value. The notices advised property owners to
contact the City Assessor's office regarding any questions or to schedule an
appearance before the Board of Equalization if the property owner desired to challenge
the EMV. About 380 inquiries have been received to date, as compared to 406 last
year. In addition, 59 property reviews were performed by Assessing staff. Some
resulted in adjustments by the Assessing staff.
To date, the City has received ten notifications of appeals to the local Board of
Equalization. Nine of these individuals indicated that they will appear before the Local
Board.
A list of the property owners who are appealing their EMV is attached to this Council
Letter.
Any adjustments made by the Richfield Board of Equalization will be recorded on the
property assessment rolls. After appearing at the Local Board, property owners may
subsequently appeal to the Hennepin County Board of Equalization and/or the State
Tax Court.
Recommended Motion:
It is recommended that the Board of Equalization convene at 7:00 p.m. on Monday,
May 1, 1996 and conduct the business scheduled for the Board.
Basis of Recommendation:
1. State Statute and City Charter mandate a Board of Equalization Hearing each year
to be conducted before May 31.
2. The City Council has established Monday, May 6, 1996 at 7:00 p.m. as the date and
is time of the Board of Equalization Hearing for 1996.
3. Notice of the Hearing has been published and posted pursuant to law.
4. State Statute provides that the work of the Board must be completed within 20 days
of the date of the initial hearing.
Alternative Recommendation:
None.
Discussion/Decision Mode:
The Hearing is likely to be conducted and completed on May 6, 1996. However if it
becomes necessary, the meeting could be continued to a future date in May. If it is
necessary to reconvene the Board, it is suggested that the motion be worded to limit
the purpose of the reconvened meeting to decide the estimated market values of
properties for which appeals have been presented to the Board but were deferred for
additional information.
Respectfully submitted,
Jam D. Prosser
City Manager
JDP:cak
CITY OF RICHFIELD
1996 LOCAL BOARD OF REVIEW
May 6, 1996
Appearances
William Larson
7324 15th Avenue South, 35-028-24-13-0048
Oris Lundemo
7216 2nd Avenue South, 34-028-24-13-0117
L T Langford
7100 1st Avenue South, 34-028-24-12-0093
Joan Heintzman
7614 3rd Avenue South, 34-028-24-43-0010
Gobin Persaud
7638 Chicago Avenue South, 35-028-24-33-0057
Dick Gunderson
7101 Oakland Avenue South, 35-028-24-22-0059
Randy Bendzula
7245 James Avenue South, 33-028-24-24-0019
Mike Johnson
7033 Penn Avenue South, 33-028-24-22-0063
Sue Fritz
6727 11th Avenue South, 26-028-24-31-0117
Letters:
Richard Carlson
6718 Stevens Avenue South, 27-028-24-42-0005
1996 EMV
$103,000
87,000
79,000
79,000
81,000
108,000
114,500
97,500
104,000
85,000
0
•
SUBJECT PROPERTY
ADDRESS
PID#
732415th Avenue South
35-028-24-13-0048
Story Height Rambler Year Built 1956
Ground Floor Area 1103 sq. ft Gross Building Area 1103 sq. ft.
Fireplaces 2
Central Air Conditioning Yes
Bathrooms 1/0/1
Finished Bsmt. Area 662 sq.ft.
Garage 3 car detached
Porches / Decks 308 sq. ft. Screen Porch
Other / Comments Subject has unobstructed view of pond
•
Lot Size 60 x 139
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GRID - COMPARABLE DATA
APPLICANTS NAME: William Larson -?
ADDRESS: 7324 15th Avenue South
PROPERTY ADDRESS: 732415th Avenue South
P.I.D. #: 35-028-24-13-0048
MUNIC: Richfield
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60 x 139 60 x 138 60 x 133 59 x 132 60
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COMP-SALE DATA:
SALE DATE 7/94 6/94 1/96
SALE PRICE $96,600 $101,000 $100,000
SALE/SQ.FTJGBA $87.58 $96.74 $93.20
SUBJECT-ASSMT DATA SUBJECT-REVIEW APPRAISAL
1996 ASSESSMENT $103,000 $109,500
ASSESSMENT/SQ.FT. $93.38 $99.27
REMARKS:
The subject is considered to be in a superior location because of its unobstructed view of the pond.
6/95
$116,000
$105.17
•
-3-
•
•
•
Comparable Sales
RICHFIELD
7310 15TH AVE. S.
COMPARABLE #2
RICHFIELD
7320 17TH AVE. S.
Comparable Sales
•
RICHFIELD
7044 16TH AVE. S.
•
•
COMP A #4
RICHFIELD
7305 14TH AVE. S.
SUBJECT PROPERTY
ADDRESS 7216 2nd Avenue South
PID# 34-028-24-13-0117
Story Height 1.25 Year Built 1947
Ground Floor Area 988 sq. ft Gross Building Area 1235 sq. ft.
Fireplaces 1
Central Air Conditioning Yes
Bathrooms 1/0/2
Finished Bsmt. Area 296 sq.ft.
Garage 1 car detached
Porches / Decks
Other / Comments One 1/2 bath is considered poor quality
Lot Size 50 x 127
GRID - COMPARABLE DATA
APPLICANTS NAME: Oris Lundemo
ADDRESS: 7216 2nd Avenue South
PROPERTY ADDRESS: 7216 2nd Avenue South
P.I.D. #: 34-028-24-13-0117
MUNIC: Richfield
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7433
7420
7340
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352 364 308 240
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50 x 127 79 x 135 79 x 134
50 x 127
COMP-SALE DATA:
SALE DATE
SALE PRICE
SALE/SQ.FT./GBA
SUBJECT-ASSMT DATA
1996 ASSESSMENT
ASSESSMENT/SQ.FT.
$87,000
$70.45
7/95
$92,000
$85.19
10/95 1/95
$83,900 $87,900
$79.90 $82.00
SUBJECT-REVIEW APPRAISAL
$92,000
$74.49
•
9
•
REMARKS:
Comparable Sales
COMPARABLE # I
RICHFIELD
7433 3RD AVE. S.
•
COMPARABLE 42
RICHFIELD
7420 3RD AVE. S.
?g_
COMPARABLE #3
RICHFIELD
7340 5TH AVE. S.
•
SUBJECT PROPERTY
ADDRESS 71001st Avenue South
PID# 34-028-24-12-0093
Story Height 1.25 Year Built . 1946
Ground Floor Area 799 sq. ft Gross Building Area 999 sq. ft.
Fireplaces 0
Central Air Conditioning Yes
Bathrooms 1/1/0
Finished Bsmt. Area 400 sq.ft.
Garage 2 car detached
Porches / Decks
Other / Comments Subject is located near a church, and is 1 block east of
Nicollet Avenue.
Lot Size 49 x 118
GRID - COMPARABLE DATA
APPLICANTS NAME: L. T. Langford
ADDRESS: 71001st Avenue South
PROPERTY ADDRESS: 71001st Avenue South
P.I.D. #: 34-028-24-12-0093
MUNIC: Richfield
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S 66th St
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999 930 1013 1072 1050
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400 298 413 345 0
No
No
No
No
No
Yes Yes Yes Yes No
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280
240
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192 204
49 x 118 72 x 126 74 x 126 50 x 127 67 x 157
COMP-SALE DATA:
SALE DATE 6/95
SALE PRICE $86,000
SALE/SQ.FT./GBA $92.47
SUBJECT-ASSMT DATA
1996 ASSESSMENT $79,000
ASSESSMENT/SQ.FT. $79.08
2/95 1/95 5/95
$81,000 $87,900 $79,000
$79.96 $82.00 $75.24
SUBJECT-REVIEW APPRAISAL
$84,000
$84.08
REMARKS:
Comparables #1, #2, and #4 are located on busy streets. Comparable #4 is located across from the
HUB shopping center and has a gravity furnace.
•
•
•
..-- I O
COMPARABLE # 1
RICHFIELD
7400 NICOLLET AVE. S.
COMPARABLE #2
RICHFIELD
7320 NICOLLET AVE. S.
COMPARABLE #3 COMPARABLE #4
RICHFIELD RICHFIELD
7340 5TH AVE S. I 301 66TH ST. W.
SUBJECT PROPERTY
Lot Size 75 x 134
ADDRESS
PID#
Fireplaces 0
Central Air Conditioning No
7614 3rd Avenue S.
34-028-24-43-0010
Story Height Rambler
Ground Floor Area 880 sq. ft
Year Built 1951
Gross Building Area 880 sq. ft.
Bathrooms 1/0/0
Finished Bsmt. Area 0 sq.ft.
Garage 1 car attached
Porches / Decks Enclosed Porch -144 sq. ft. / Deck - 64 sq. ft.
Other / Comments Subject has 2 bedrooms
GRID - COMPARABLE DATA
APPLICANTS NAME: James and Joan Heintzman
ADDRESS: 7614 3rd Avenue S.
PROPERTY ADDRESS: 7614 3rd Avenue S.
P.I.D. #: 34-028-24-43-0010
MUNIC: Richfield
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Rambler
Rambler
Rambler
Rambler
14C` 880 788 885 788 960
880 788 885 788 960
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Average
Average
Average Good
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No
No
No
No
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330
" 528 352 480 400
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't 64 None None None. None
75 x 134 72 x 144 59 x 134 75 x 134
69 x 134
COMP-SALE DATA:
SALE DATE 3/88 5/95 6/95 2/95
SALE PRICE $71,000 $78,000 $84,900 $78,000
SALE/SQ.FT./GBA $80.68 $98.98 $95.93 $98.98
SUBJECT-ASSMT DATA SUBJECT-REVIEW APPRAISAL
1996 ASSESSMENT $79,000 $80,000
ASSESSMENT/SQ.FT. $89.77 $90.91
REMARKS:
Comparable #1 is in an inferior location. It is located on a busy street.,
1/95
$85,500
$89.06
E
•
•
(3-
Comparable Sales
COMPARABLE #1
RICHFIELD
7501 NICOLLET AVE. S.
•
COMPARABLE #3
RICHFIELD
7539 STEVENS AVE. S.
T -
CODMARABL.E #z
RICHFIELD
7435 4TH AVE. S.
COMPARABLE #4
RICHFIELD
7600 CLUMN AVE. S.
•
SUBJECT PROPERTY
ADDRESS 7638 Chicago Avenue South
PID# 35-028-24-33-0057
Story Height Rambler
Ground Floor Area 939 sq. ft
Fireplaces 0
Central Air Conditioning Yes
Year Built 1956
Gross Building Area 939 sq. ft.
Bathrooms 1/0/0
Finished Bsmt. Area 470 sq.ft.
Garage 1 car detached
Porches / Decks
Other / Comments Subject is located near the 77th Street wall
Lot Size 66 x 132
GRID - COMPARABLE DATA
APPLICANTS NAME: Gobin Persaud
ADDRESS: 7638 Chicago Avenue South
PROPERTY ADDRESS: 7638 Chicago Avenue South
P.I.D. #: 35-028-24-33-0057
MUNIC: Richfield
::<?:?:?r:::?:<::r::::•::<::::::?:::<>:»::n:::<: 7638 7639 7638 7633
??.}.,ltd.•????:?????????????r???:???:::.r•::. Chicago Ave. S. 14th Ave. S. 12th Ave. S. 15th Ave. S.
f Rambler Rambler Rambler Rambler
939 1170 925 934
939 1170 925 934
:...::;:?'?:;::: ?•?..:<.:.{:;;>>';:::;:;:{.:;:;;:::::;.::...:.:' 1956 1954 1954 1953
Average Similar Similar Similar
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........ 5 5 5 5
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0
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£v_<" 470 468 370 - poor 280 - poor
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Y No No No No
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0 0 0 0
Yes Yes Yes Yes
396 396 528 440
:.... .....
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66 x 132 75 x 133 75 x 132 75 x 133
COMP-SALE DATA:
SALE DATE
SALE PRICE
SALE/SQ.FT./GBA
SUBJECT-ASSMT DATA
1996 ASSESSMENT
ASSESSMENT/SQ.FT.
. 7/87 6/94
$78,200 $96,500
$83.28 $82.48
$81,000
$86.26
12/94 2/95
$85,000 $84,900
$91.89 $90.90
SUBJECT-REVIEW APPRAISAL
$85,000
$90.52
REMARKS:
Comparables #1 and #2 are located next to the 77th Street wall. Comparable #3 is located 1 lot north
of the wall.
•
•
•
Comparable Sales
COMPARABLE # 1
RICHFIELD
7639 14TH AVE. S.
so
RAW F-1,
COMPARABLE #2
RICHFIELD
7638 12TH AVE. S.
COMPARABLE #3 ---
RICHFIELD
7633 15TH AVE. S.
•
SUBJECT PROPERTY
ADDRESS 7101 Oakland Avenue South
PID# 35-028-24-22-0059
Story Height Rambler
Ground Floor Area 1400 sq. ft
Fireplaces 2
Central Air Conditioning Yes
Year Built 1948
Gross Building Area 1400 sq. ft.
Bathrooms 1/1/0
Finished Bsmt. Area 504 sq.ft.
Garage 2 car attached
Porches / Decks
Other / Comments
Lot Size 100 x 135
MEMO
Date: May 6, 1996
To: Chairman, Richfield Local Board of Review
From: Hennepin County Assessor's Office
Subject: 7101 Oakland Avenue South - PID# 35-028-24-22-0059
Mr. Gunderson purchased the property at 7101 Oakland Avenue South in July 1995 for
$115,000. The current assessed value for 1996 is $108,000.
Mr. Gunderson's concern is that his purchase price of $115,000 included $8,100 of personal
property. However, according to the Certificate of Real Estate Value that was filed with the
assessor's office, the total value of personal property was $0. On March 22, 1996 Mr. Gunderson
faxed us the following list:
Stove and Oven $1,500
Security System $2,500
Storage Shed $ 700
Kennel $ 800
Garage Door Opener $ 300
Garbage Disposal, Dishwasher,
and Blinds $2,300
$8,100
In our opinion, the personal property involved in the sale price is not worth $8,100. Its value
totals $5,000 or less. Therefore, the following calculation should be considered in determining
the adjusted sale price:
Sale Price
Personal Property
Adjusted Sale Price
$115,000
- 5,000
$110,000
1996 Estimated Market Value $108,000 - No Change
1q,
•
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•
? 0
SUBJECT PROPERTY
ADDRESS
PID#
7245 James Avenue South
33-028-24-24-0019
Story Height 1.5 Year Built 1950
Ground Floor Area 1012 sq. ft Gross Building Area 1372 sq. ft.
Fireplaces 1
Central Air Conditioning Yes
Bathrooms 1/0/1
Finished Bsmt. Area 405 sq.ft.
Garage 3 car detached
Porches / Decks Deck - 314 sq. ft.
Other / Comments
Lot Size 71 x 200
ao-
GRID - COMPARABLE DATA
APPLICANTS NAME: Randy Bendzula
ADDRESS: 7245 James Avenue S.
PROPERTY ADDRESS: 7245 James Avenue S.
P.I.D. #: 33-028-24-24-0019
MUNIC: Richfield
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???vr;:}}:?.•:::}.}?::}:}.: r:;..::?:>;};:::;:..?: 7245
7239 000
7 7044 7020
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A Irvin Ave
S S
Irvin Ave Knox Ave
S
ve.
.
James ve.
.
ver .
. .
. .
.
::............ Expansion Expansion Expansion Expansion Expansion
1012 1189 1116 1096 1129
1372
..... ...... 1405 1368 1330 1693
............
1950
1947
1950
1941
1941
. Average
1'l...... ..... ..... . Similar Superior Superior Superior
SItt`5tt1Ei <'' 5 6 5 6 5
2 2 2 1 2
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1
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No No
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No
No
>tr
Yes
f t
Yes
Yes
No
No
--- -- - -- ----- -----
968
308
40
20
40
0 GLP - 60 GLP 100 GLP 80 GLP 336
314 196 0 225 413
71 x 200 75 x 133 60 x 135 56 x 135 60 x 135
COMP-SALE DATA:
SALE DATE 12/95 4/95 3/95 5/94 2/94
SALE PRICE $71,000 $108,000 $120,000 $107,900 $135,000
SALE/SQ.FTJGBA $51.75 $76.87 $87.72 $81.13 $79.74
SUBJECT-ASSMT DATA SUBJECT-REVIEW APPRAISAL
1996 ASSESSMENT $114,500 $117,500
ASSESSMENT/SQ.FT. $83.45 $85.64
REMARKS:
The subject was a bank sale.
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•
Comparable Sales
COMPARABLE #3
RICHFIELD
7044 IRVING AVE. S.
F-2o,U?
COMPARABLE 44
RICHFIELD
7020 KNOX AVE. S.
COMPARABLE #1 COMPARABLE Al
RICHFIELD RICHFIELD
7239 OLIVER AVE. S. 7000 IRVING AVE. S.
ADDENDUM .
Mr. Bendzula submitted a fee appraisal valuing the subject property at $106,000 as
of December 13, 1995. Based upon our inspections of the comparables used in the
appraisal, some errors were found.
Comparable #1 -
No adjustment for site size
-Use of 1,284 sq. ft. rather than the actual size of 1,084 sq. ft.
Comparable #2 -
No adjustment for site size
-Use of 1,512 sq. ft. rather than the actual size of 1,184 sq. ft.
Based upon these differences in square footage and the lack of a site adjustment, we
feel that the value determined from the market analysis is low.
•
•
a3
•
SUBJECT PROPERTY
ADDRESS 7033 Penn Avenue South
PID# 33-028-24-22-0063
Story Height 1.5 Year Built 1953
Ground Floor Area 1260 sq. ft Gross Building Area 1568 sq. ft.
Fireplaces 2
Central Air Conditioning No
Bathrooms 1/0/1
Finished Bsmt. Area 1008 sq.ft.
Garage 2 car detached
Porches / Decks
Other / Comments Subject is located on a busy street and suffers from water damage
Lot Size 80 x 116
-- a14--
GRID - COMPARABLE DATA
APPLICANTS NAME: Mike Johnson
ADDRESS: 7033 Penn Avenue South
PROPERTY ADDRESS: 7033 Penn Avenue South
P.I.D. #: 33-028-24-22-0063
MUNIC: Richfield
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6801 ..
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Penn Ave. S.
Oliver Ave. S.
66th St.
Penn Ave. S.
Penn Ave. S.
::.: :` <? -- ansion Expansion Expansion Expansion Expansion
<<::<>> 1260 1189 1068 1012 1088
i3
i 1568 1405 1302 1265 1536
t
..:... ....fiti?.tw1953 1947 1930 1930 1924
}:<
Average
Average
Average
i(stt>:. <r 5 6 5 5 5
2 2 1 2 3
1 '''v.....:.. 4 4 3 3 4
1 1,3/4 - poor 1 1 1
1 - poor 0 0 1
2 one is poor)
<<« zr 1008 475 - poor 213 - poor 303 - poor 435
No No No No No
°< «<r<
r' '>»
No
Yes
No
No
No
480 308 576 400 528
.
0
GLP - 60
GLP -108
GLP -123 fair
0
0 96
1
72
0
0
80 16
x 1 75 x 133 67 175
x 5 48
x 133 70 133
COMP-SALE DATA:
SALE DATE 4/95 4/95 3/95
SALE PRICE $90,500 $108,000 $97,500
SALE/SQ.FT./GBA $57.72 $76.87 $74.88
12/95 5/94
$82,700 $87,000
$65.38 $56.64
SUBJECT-ASSMT DATA SUBJECT-REVIEW APPRAISAL
1996 ASSESSMENT $97,500 $97,500
ASSESSMENT/SQ.FT. $62.18 $62.18
REMARKS:
Comparables #2, #3, and #4 are located on busy streets. Comparable #4 suffers from some water damage.
•
•
0
aS-
Comparable Sales
C01 PAR ABLE #1
RICHFIELD
7239 OLIVER AVE. S.
COMPARABLE #3
RICHFIELD
6801 PENN AVE. S.
a(-
COMPARABLE Al
RICHFIELD
1806 W. 66TH ST.
COMPARABLE #4
RICHFIELD
6854 PENN AVE. S.
•
SUBJECT PROPERTY
ADDRESS 672711th Avenue South
PID# 26-028-24-31-0117
Story Height 1.25 Year Built 1950
Ground Floor Area 1057 sq. ft Gross Building Area 1278 sq. ft.
Fireplaces 1
Central Air Conditioning Yes
Bathrooms 1/0/1
Finished Bsmt. Area 0 sq.ft.
Garage 2 car attached
Porches / Decks
Other / Comments Subject was purchased 4/91 for $95,000. Since the purchase, there
has been an addition to the garage, a bay window added, and the
kitchen has been remodeled.
Lot Size 75 x 130
_aI)
GRID - COMPARABLE DATA
APPLICANTS NAME: Bob and Sue Fritz
ADDRESS: 672711th Avenue South
PROPERTY ADDRESS: 672711th Avenue South
P.I.D. #: 26-028-24-31-0117
MUNIC: Richfield
?'?; .,::.
.............. . .
6727 6714
6745
6616
6645
11th Ave. S. Elliot Ave. S.
S.
th Ave.
5th Ave. S.
th Ave. S.
Expansion Expansion Expansion Expansion Expansion
'11#C11: <`r:?> `" 1057 982 1017 948 994
78 1227 1239 1164 1242
r'>'=1950 1947 1949 1955 1956
Good Good Average Good Average
5
5
5
4
4
:..:................:::
1
2
2
1
2
3 3 4 3 4
1
1
1,3/4
1
1
1
0
0
1
0
:T#<;>:<•> 0
'Xi 295 508 474 497
No No No No No
2
`
Yes
Yes
Yes
Yes Yes
748 280
400
440
520
0 GLP-110
G 32/OP-32
LP -1
0
0
0 160
0
0
0
30
75x1
0
75x1
0
70x13
0 x 131
5 x 128
COMP-SALE DATA:
SALE DATE 4/91 7/95
SALE PRICE $95,000 $114,200
SALE/SQ.FT./GBA $74.33 $93.07
SUBJECT-ASSMT DATA
1996 ASSESSMENT $104,000
ASSESSMENT/SQ.FT. $81.38
REMARKS:
7/95 6/95 12/95
$103,000 $102,000 $106,900
$83.13 $87.63 $86.07
SUBJECT-REVIEW APPRAISAL
$109,000
$85.29
•
•
•
a.0
Comparable Sales
COMPARABLE # l
RICHFIELD
6714 ELLIOT AVE. S.
10
COMPARABLE #3
RICHFIELD
6616 15TH AVE. S.
_39
COMPARABLE #2
RICHFIELD
6745 11TH AVE. S.
COMPARABLE #4
RICHFIELD
6645 4TH AVE. S.
a?pe4`??il"7Cv'
o-a,ao
? ca, n. 004- he,"'y ? t o? 6, Yo tt,p5 0 -3? a,.sS 2??6l}iS a
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3? ??.c?YS 6?.?vl G ?en i oy C?TzPn ?- 1,Y?? O
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?/?C r7 ?oU14? Jl /4 7,
Guo
frh )GS?sj' GC-P,,?I7tS G5 ? ?e°
fh
C,o
?70 -t,
0 )?-Cy ?Octyf a y,? (?A- PdW?qpoo
G.A nab
s .
s?vMs AW
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SUBJECT PROPERTY
ADDRESS 6718 Stevens Avenue South
PID# 27-028-24-42-0005
Story Height 1.25 Year Built 1947
Ground Floor Area 852 sq. ft Gross Building Area 1064 sq. ft.
Fireplaces 1 - minimal
Central Air Conditioning Yes
Bathrooms 1/0/0
Finished Bsmt. Area 0 ?sq.ft.
Garage 2 car detached
Porches ! Decks Open Porch - 264 sq. ft. / Glazed Porch -100 sq. ft.
Other / Comments
Lot Size 66 x 135
•
•
- 3t,
GRID - COMPARABLE DATA
"`APPLICANT'S NAME: Richard Carlson
ADDRESS: 6718 Stevens Avenue South
PROPERTY ADDRESS: 6718 Stevens Avenue South
P.I.D. #: 27-028-24-42-0005
MUNIC: Richfield
iis
r'K'4':iS2:?Yi::;:;i:••>.: •:?,l i<•:.:'yi:::?:•:v:;:.+••}i?+v
6718
6338 .
6744
6838
7328
:; ,;. '>•w:: ;:;<: Stevens Ave. S. 4th Ave. S. 3rd Ave. S. Clinton Ave. S. Clinton Ave. S.
Expansion Expansion Expansion Expansion Expansion
852 840 834 900 848
>3t1a'`' Yy« 1064 1050 1038 1125 1040
-- ---:;:;iii:::::>i:•: t?•i:•i j .....
::r} Bti #>{ :: ' ` > . 1947
1950
1950
1953
1953
tlri <<<<: Average Average Good Average Good
5 5 4 4 4
b`c?s3rrt;> >`'«?`">r 3 3 3 4 3
0 0 417 -
oor 450 -
oor 254
p p
,.•:>:::i-;?;. N N No No No
o o
?.• ?:::::::.......................... :::.<.1-minimal 0 0 2 0
es
..?? •?t???:?>::?::>:::.;?:;:::::.i:.:::.;::: :.::.:..:::.::.: Y No No Yes Yes
. ......:<»::<= 528 280 352 440 528
GLP
100/OP
264 0 0 0 0
-
-
>::>::
------ - ----- ------ ----- -
v jk':k;.,k:4:•i::??:i:?ii:'i:•ii:i::::?:ry: i:'::'?:,vi';'';`.;'
:ii:$:::ii it
66 x 135
75 x 136
71 x 135
75 x 135
50 x 127
COMP-SALE DATA:
SALE DATE
SALE PRICE
SALE/SQ.FT./GBA
SUBJECT-ASSMT DATA
1996 ASSESSMENT $85,000
ASSESSMENT/SQ.FT. $79.89
REMARKS:
11/95 5/95 9/95 - 10/94
$85,000 $86,000 $99,495 $96,000 "
$80.95 $82.85 $88:44 $92.31
SUBJECT-REVIEW APPRAISAL
$90,000
$84.59
r3 a--?
Comparably
COMPARABLE # 1
RICHFIELD
6338 4TH AVE. S.
COMPARABLE #2
RICHFIELD
6744 3RD AVE. S.
s
r .f _
S
i
I
i
5
f'
k
COj RARABLE #3
RICHFIELD
6838 CLINTON AVE. S.
33 --
COMPARABLE #4
RICHFIELD
7328 CLINTON AVE. S.