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04-16-2008 Council Packet Board of Appeal/Equalization
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04-16-2008 Council Packet Board of Appeal/Equalization
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� <br /> Analysis of 2715 Pence Lane -- Using Market Comparable Transactions ' <br /> 1 2 3 4 5 6 7 8 <br /> Ratio: City of Equalization <br /> City of Orono Ratio: 2008 Orono 2008 Factor:Average Adjusted 2008 <br /> 2008 Estimated Estimated Market Orono Estimated Market Value <br /> Estimated Market Value Zillow Value to Current Market Value to ("Fair" <br /> Sale Date Sale Price Market Value to Sale Price Estimate Zillow Estimate Zillow Ratio Assessment) <br /> 420 Tonkawa Road May-07 $ 3,525,000 $ 3,000,000 85.1% $ 2,979,500 100.7% 93.4� $ 2,783,528 <br /> 2507 Kelly Ave Nov-06 $ 3,800,000 $ 2,605,000 68.6% $ 2,711,500 96.1% 93.4i6 $ 2,533,155 <br /> 1000 Wilhurst Trail Sep-06 $ 3,600,000 $ 2,730,000 75.8% $ 3,225,000 84.7% 93.4% $ 3,012,881 <br /> 2599 Casco Point Jul-07 $ 3,260,382 $ 2,751,000 84.4% $ 2,950,500 93.2% 93.4� $ 2,756,436 <br /> Average $ 3,546,346 $ 2,771,500 78.2� $ 2,966,625 93.49b 93.4ib $ 2,771,500 <br /> 2715 Pence Lane $ 3,650,000 $ 3,543,000 103.0% 93.49b $ 3,309,965 <br />
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