05-09-1994 Reconvened Board of Review Minutes

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MIMTES OF THE RECONVENED BOARD OF REVIEW MEETINO HELD MAY 9, 1994 Eugene C. Clark. 1955 Heritage Drive. 10-117-23 13 0014. staled there was a tendency by all elected officials to point fingers up and down but wanted the kval government to be aware that it starts here. explained that his lot was 1 of IS in the Fox Hill subdivision. Two lots of the 15 have not been built on oral have a valuation of $34,700. His land, which is about \hc same size as tlK other lots at 2.5 acres, is vali^ at $62,000. He felt this was a direct measure of the undeveloped land to the developed properties. Two pieces of pn>perty in the subdivision were of less value than the tuhers. One of tlK>se pieces is the Clark pn>peny and was valued lower because of the railroad tracks. These two prc^rties both have similar, inexpensive homes which are on a slab with no basement, single-story and a four-car detached garage with the iMxise footprint at 1665 s.f. The other home had an expansion of a few hurelrcd square feet and sold in October of 1993 for $137,000 after being on the market for 2-3 years. The Assesst>r wants to keep the valuation at $137,000. Clark feels if comparable sales are used, their home should be valued in the $120,000 range. Kelley asked if the comparable lH>me had a po«.)l. Clark responded It did not. Erickstin noted the comparable home was a bank foreclo.sure. He added that the comparable home the Assessor used was at 945 Forest Arms Lane with 1188 s.f., basemeitt and 2-car garage with access to tlK bay that sold for $135,000 in August of 1993, That hcHise was not as good as tlw Clark home. Clark chose ix>t to appeal the 1994 valuation but he felt that was too high also. He felt the Council should kx>k at the house which s*)ld in his neighborhrxxl that is directly comparable to his. The Assessor commented that they do not use foreclosure sales for comparables. Kelley asked about the pool. Clark responded it was acquired with the home but thought it was installed in 1976 at 20’ x 40'. He added that he would be more inclined to take the pool out rather than put another one in. Clark added that Fox Hill has an outlet of 300' of shorcliiK that is a separate parcel considered lake access. The Homeowners’ Association divides up the taxes on that parcel. Callahan thought it would still add value to the pre^rty at 1955 Heritage Drive. It was moved by Mayor Callahan, seconded by Hurr, to accept the Assessor’s recommcixlation of $137,000. Ayes 4. nays 0. Nancy Moe. 1230 Spruce Place. 08-117-23 32 006 and 1220 Loma Linda Avenue. 08-117-23 32 0005. was disappointed the valuation.s did not change. Hurr stated it was difficult to see why the value of the cabin on Ix)ma Linda increased by almost $14,000 when comparing it to the Bockmann house that is a year-round home valued at $35,000. Rolf responded that the value had been frozen but since there was some utility as a cabin there was some value to the cabin. Since it is a 75’ lot, the land value was appropriate. Moe commented that the cabin was nothing more than a glorified tent. Mayor Callahan stated there was a sharp increase in the building value as well as a 10% increase in the land value. Hurr did not object to the land increase but felt the doubled value on the building was questionable. It was moved by Hurr, seconded by Goetten, to accept the valuation of 1230 Spruce Place at $74,000 aral to reduce the value of the building on 1220 Loma Linda Avenue to $18,000. Ayes 4, nays 0.