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05-08-89 ageandau. n ~ CITY OF RICHFIELD, MINNESOTA Council Letter No. 104 Agenda May 8, 1989 Issue Statement: Reconvening of the 1989 Board of Review. Background: On May 1, 1989 the 1989 Board of Review was continued to 5:00 p.m. May 8, 1989. The continuance was to provide staff an opportunity to prepare additional information on four appeals presented on the evening of May 1. The Board directed applicants whose cases were continued to provide background data relevant to their appeal to the Appraiser on Tuesday morning. Some of that information has been received as late as Thursday morning. Thus, Mr. Miller will have a very difficult time providing background data to Board Members prior to Monday evening. Recommended Motion: Reconvene the Board of Review at 5:00 p.m. and take action based on the information presented at the hearing. Basis of Recommendation: 1. Reconvening of the Board has been scheduled publicly at the May 1 meeting. 2. Information needed for the Board to make a determination on the remaining appeals will be available at or prior to the hearing. 3. The Hoard of Review must conclude its business within 20 days of May 1, 1989. Alternative Recommendation: None Discussion/Decision Mode: It would be desirable to conclude the proceedings of the Board of Review on May 8, 1989. Respectfully submitted, James D. Prosser City Manager JDP:eja G. 2, ~/~i APPEARANCES FOR RECONVENED Local Board of Review 1. Al Kerman - Review appraisal of $175,000 accepted 2. Marcia.Wallace - Attached 3. Deborah Olsen ~- Requested data not received at this time. Review appraisal will be provided Monday, 4. Sid Sanford - Attached PORTLAND AVENUE SALES Gross Bldg. Story Area Sale Sale Sale, Address Height Sa.Ft. Date Price Per S.E. 6633 Portland 1 952 1-89 $67,500 $70.90 6711 Portland 1 800 11-88 73,900 92.37 6810 Portland 1 1/4 994 11-86 73,500 73..94 6821 Portland 1 1, 000 7-87 66, 000 66.00 6859 Portland 1 720 3-87 69,700 96.80 6900 Portland 1 960 5-89 71,000 73.95 7015 Portland 1 784 9-88 70,000 89.28 7418 Portland 1 1/2 1, 198 12-88 77, 900 65.02 7500 Portland 1 1/4 995 4-86 64,000 64.32 7532 Portland 1 1, 144 8-86 74, 900 65.47 7539 Portland 1 1, 106 3-87 91, 900 83.09 7609 Portland 1 1, 096 5-86 89, 900 82.02 7621 Portland* 1 1, 216 4-88 89, 900 73.93 *Has pool SUBJECT PROPERTY Address 7000 Portland Avenue South PID 34-028-24-11-0071 Story Height 1~ Baths One 1st Floor Area 1038 ~ Baths -- Gross Building Area 1285 Finished Basement -- Year Built 1946 Walkout Yes Condition Avg Fireplace Two 1st Floor Rooms Living room, kitchen, Air Conditioning No dining room, bedroom Garage Tuckunder 2nd Floor Rooms Bedroom Porches/Deck E.P. 572 sf; E.P. 255 sf Bedrooms Two Lot Size 114 x 144 Comments: GRID - COMPARABLE DATA • APPLICANT'S NAME: S. M. Sanford 1DDRESS: 7000 Portland Avenue South PROPERTY ADDRESS: 7000 Portland Avenue South P.I.D. #: 34-028-24-11-0071 MUNIC: Richfield SUBJECT PROPERTY TYPE OF BLDG.: Expansion STORY HEIGHT: 1~ 1ST FLOOR AREA: 1038 GROSS BLDG. AREA: 1285 YR. OF CONST.: 1946 CONDITION:. Avg 1ST FL. ROOMS: 4 2ND FL. ROOMS: 1 BEDROOMS: 2 BATHS: 1 HALF BATHS: _- FIN. BSMT. SQ.FT.: -- WALKOUT: yes FIREPLACE: Two AIR COND: __ GARAGE AREA: Dbl. T.U. PORCH AREA: 572 sf EP LOT SIZE: 255 sf SP 114x144 COMPS-SALE DATA: SALE DATE SALE PRICE SALE/SQ.FT. SUBJECT . 1989 .ASSESSMENT •$86,400 -APPRAISAL/SQ.FT. $67.23 REMARKS: Recommend no change 6826 Portland 6817 Penn 7645 Colfax COMP #1 COMP #2 COMP #3 Expansion Expansion Expansion 1~ 1~ 1~ 754 768 810 934 960 990 1947 1950 1950 Avg Avg Avg 4 4 4 l 1 1 3 3 3 1 1 1 -- -- 325 One -- -- Sing. Att. Sing. Det. ,Dbl. Det. 112 sf EP -- 154 sf EP 75x135 66x133 67x130 3-88 7-88 3-89 $76,000 $67,000 $82,go0 $81.37 $69.79 $83.73 $87,000 $67.70 7214 Nicoll COMP #4 Expansion 1~ 1168 1442 1946 Avg 5 3 1 470 . One yes Sing. Att. 120 sf EP 500 sf Deck 75x127 Pool 9-87 $105,000 $72.81 U~i~ - o SUBJECT PROPERTY Address 7213 Garfield Avenue South PID 34-028-24-23-0082 Story Height 1 3/4 1st Floor= Area 932 Gross Building Area 1631 Year Built 1955 Baths Two full baths ~ Baths ~ -- Finished Basement 370 sq. ft. Walkout No Condition Avg 1st Floor Rooms Living room, kitchen, Fireplace No Air Conditioning Yes two bedrooms Garage Double detached 2nd Floor Rooms .Living room, kitchen, 16R Porches/Deck None Bedrooms Three Lot Size 50 x 128 ' Comments: Second floor apartment with separate outside entry at rear=`of the house. .O, /~'4/- fo GRID - COMPARABLE DATA APPLICANT'S NAME: ADDRESS: <OPERTY ADDRESS: P.I.o. #: MUNIC: Marcia Wallace 7213 Garfield Avenue South 7213 Garfield Avenue South 34-028-24-23-0082- Richfield SUBJECT PROPERTY TYPE OF BLDG.: STORY HEIGHT: 1ST FLOOR AREA: GROSS BLDG. AREA: YR. OF CONST.: CONDITION: 1ST FL. ROOMS: 2ND FL. ROOMS: BEDROOMS: BATHS: HALF BATHS: FIN. BSMT. SQ.FT.: 'LKOUT: FIREPLACE: AIR COND: GARAGE AREA: PORCH AREA: LOT SIZE: Expansion 1.75 932 1631 1955 Avg 4 3 3 2 360 no no yes 400 50x128 COMPS-SALE DATA: SALE DATE SALE PRICE SALE/SQ.FT. SUBJECT-ASSESSMENT -DATA: ' 1889 EMV ; $87,300 APPRAISAL/SQ.•FT. $53.50 REMARKS 7500 Stevens '7623 Newton 6515 James 7524 Bryant COMP #1 COMP #2_ COMP #3 COMP #4 Expansion Expansion Expansion Expansion 1.50 1.50 1.75 1.50 900 -956 1024 812 1320 1398 1738 ]218 1948 1959 1968 1947 Avg Avg Avg. Avg 5 4 4 5 3 2 4 1 5 ~ 4 5 ~ 2 2 2 2 1 . -- -- 1 1 630 (poor) 470 -- 320 . no no no no yes no yes yes yes yes - yes yes 440 576 440 420 -- 120 s.f. 192 s.f. E.P. -- 72x134 63x133 60x135 50x130 4-88 3-88 $92,500 $94,000 $70.00 $67.00 REVIEW APPRAISAL: $85,500 $52.40 5-88 3-88 $105,900 $79,000 $60.93 $64.80 Recommend reduction of 1989 Assessed Market Value to $85,500