04-29-1993 Council Minutes Board of Review

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• MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 29, 1993 Cohen said there is 57', and they allow the adjacent property owners to use the dock. He pointed out the drainage problem created by Bohns Point being at a higher elevation. Callahan asked what he felt the property was worth. Cohen stated he felt it should be $18,000 less. Jabbour questioned the depth of the lot. Cohen replied it is 445' deep. Jabbour pointed out the DNR paid $170,000 for a lot over 100,000 s.f., and felt this property should be reviewed again. Ron and Missy Ezerski, 2715 Pence Lane, #21- 117 -23 32 0007, 1993 value $1,460,000, 1992 value $980,400, which is a 60% increase. Mr. Ezerski stated they purchased the house in 1991 for $875,000 and it was substantially complete inside. He noted the only • comparable property in their neighborhood just sold for $500,000 +, and described other comparables on Fox Street and Bohns Point. He said the adjacent property recently sold for $714,000 and this property is much larger and has an indoor pool and tennis court. Erickson reported the house was unfinished inside when purchased. Ezerskis disagreed. Erickson noted one must also consider quality when looking for comparables. He said they have recently reviewed this property and would submit a report to the Board at the next meeting. He asked the appraised value prior to purchase. Ezerski said it was appraised at $1,400,000. Curt Quady, 1223 South Brown Road, #10- 117 -23 31 0065, 1993 value $91,500, 1992 value $75,300, 1991 value $75,500. He said he has lived there for 40 years and the only improvement has been the sewer installation. He felt the value should be $85,000. James Stockton, 100 Chevy Chase Drive, #36- 118 -23 41 0030, 1993 value $101,800, which is an increase of $7,300. He felt this is very steep. He referred to comparables given to him by the Assessor, and questioned the market value after the sale of • properties. 4