05-08-1995 Council Packet - Laserfiche WebLink

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MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 26,1995 Frank and Susan Koubslcv. 4784 North Shore Drive. #07-117-23 32.0012 - 1995 valuation was $94,000. They have been in the house about a year and paid $92,500 because of a bidding war. Previous owners had contested the 1994 valuation and it was reduced to $85,200, This is a small two-bedroom home with a very steep driveway. There is little that could be done to correct the driveway. They feel it is worth $89,000. rhri^ and Gary Valpri.K 1750 Bavside Road. i^05-l 17-23 21 0020 - 1995 valuation was $248,300 and the 1994 valuation was $209,000 which is an increase of $39,300. The house was buUt m 1977 and no improvements have been made except a new garage was added last year for $8,000. They feel the house was poorly built and needs a new roof, new windows, siding and doors The lot ;s 50% wetlands and the lakeshore is a wetland. The house was appraised in January for possible refinancing at $212,000 They feel the valuation should be at $212,000 - $215,000. Their lakeshore is a separate parcel that went up in value from $1,100 to $2,000. Phil Rvers. 3083 Farvlpw l^e. #04-117-23 33 0005 - 1995 estimated market value of $410,700 and a reasonable number would be $385,700 Dave at the Assessor’s office cited two comparables - 3090 Faiview Lane sold in 1993 for $457,500 which is newer with a finished basement, paved drive and septic system that is in compliance, and 1895 Fox Ridge Road sold for $459,000 in P94 but he could not find the property. Byers based his figures on the property at 2920 Fox Street that h^ a value of $136,000 for next year which is up 1%. That is a 7-acre property, 1/3 of which is unbuUdable so he took 4 69 acres with 90% of the value in land that works out to about $19,000 per acre. His second argument is that the unfunded septic mandate should be subtracted from the 1995 estimated value as well as the replacement of his driveway and the adjusted land value. r.rl T Johnson, 3105 North Shore Drive. #09-117-23 32_QQ16 - 1995 market value is at $527,000 and the 1994 value was at $454,000. This is an increase of $73,000 which seems exorbitant. He lus sent a letter to the City offices. He wanted to add that an appropriate value for his home would be $480,000 which was an appraisal value from last November when the home was refinanced. T inH. rnmminas 1165 Brown Road South. #10-117-23 24 002Q - 1995 market value was $127 800 and the limited value is at $123,200. The value was at $112,100 m 1994. The home was built in 1900 and is aaoss from the railroad tracks. When 'he purchased the home 4% years ago, the value was at $86 100 She paid $113,000 because there was little choice. There has,been a progressive 10% increase every year since she bought the house. She doesn’t feel property values have actually increased at that rate. The taxes have increased 100%. Fnopnp nark Jr 1Q55 Heritage Drive #10-117-23 13 0014 - Asked to have his appearance recorded to preserve right to further appeal (to County).