05-05-2010 Council Packet Reconvened Board of Apeal/Equalization

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CITY OF ORONO Local Board of Appeal and Equalization Wednesday,Apri121,2010 7:00 o'clock p.m. ROLL CALL The Orono Board of Review met on the above mentioned date with the following members present: Mayor James White, Council Members Doug Franchot and Jim Murphy. Representing City Staff were City Administrator Jessica Loftus, Hennepin County Assessars Thomas Kunik,Nathan Stulc, Joshua Hoogland, and Recorder Jackie Young. Mayor White called the meeting to order at 6:58 p.m. APPEALS 1. MICHAEL MISCHKE, 1972 SHADYWOOD ROAD, PID#17-117-23 24 0025 Mischke stated he did have an assessor come out to look at his property, which contains a one bedroom, one bath house. The footings are on grade, which limits what you can do to improve the house. The assessor that visited the property indicated the house has little or no value. Mischke indicated he has two properties that he used for comparables. One property is located at 3200 Northshore Drive, and is a 50-foot lot on the lakeshore. It listed far$610,000 and sold for $600,000. Mischke stated that property has an extra eight feet of lakeshore frontage, and is a much deeper lot. Mischke noted his property is two lots down from the channel and has a shared driveway, is on a busy road,and experiences a significant amount of noise since his property is located across the street from Lord Fletchers. Based on the square footage of his house, the value is $1300 per quare foot. Mischke reiterated that this is a very small properiy and you are limited in what you can do with it. Mischke stated his other comparable is located at 3635 Northshore Drive, which is also a 50-foot lot. Mischke indicated he is not sure about the specifics. Mischke noted his neighbor's house located at 1978 Shadywood, with two baths, sold for$530,000 in October of 2009. It has double the lakeshore, three bedrooms, two bath, and a foundation. Mischke stated his property was appraised at$534,000 befare the assessor reduced it to $501,000. Mischke stated when you compare the two properties, the land values are distorted and his is valued higher. Mischke stated he would like his valuation reduced. Mischke commented that presently two doors down from his property is another house that is currently for sale consisting of three bedrooms, two bath, and a full concrete basement. It is currently on the market for$565,000. The property has been on the market for the past two years and has not sold. In addition, the buyer has not had anybody look at it this spring. Mischke stated in his view his neighbor will not get that far the property due to the market. White asked what the age of the house is. Mischke indicated it was originally constructed in 1912. Stulc stated the assessor who looked at the property is the chief assessor for Hopkins. PAGE 1 of 6