04-29-1993 Council Minutes2 - Laserfiche WebLink

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MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 29, 1993 Jabbour cautioned Cchoen not to admit the buildability cf property without proper documentation. Bob Anderson. 3843 Cherry Avenue. #08-1 17-23 33 004_0_., 1993 value $62,200, 1992 value $57,200, 1991 value $55,600. He said he has just acquired the home, but his parents owned it for ^0 years, of which the last 15 years it was not properiy maintained. He noted it has water problems, no running water, and is located next to a wetland. He indicated the wetland? has been used for dumping in the past by adjacent neighbors, and cn very warm days one can smell the oil that has been deposited. He felt it was worth $58,000. John Maresh. 2085 Countv Road 6. #27-118-23 31 OOJ^ 1993 value $314,900, 1992 value $290,500. He Indicated he purchased the property in 1989 for $285,000, and the market value at that time was $303,000. It was later reduced to reflect the purchase price. He said the house was originally designed for commercial use. Is located on a Highway 12 corridor, and is 20 years old and needs upgrade. A recent apprais^; a^ne for financial reasons indicated a value of $300,000. He added homes in Orono are not continually inflating as the Assessor suggests. He said the property was an old tree farm and he has sustained approximately $10,000 to $15,000 worth of tree damage during the past year. He felt his property is worth $295,000. George Capp, 2080 Shoreline Drive. #15-117-23 21 0006^ 1993 value $442,000. He said he purchased the property in October 1992 for $415,000. Erickson noted the property was sold via a sheriff’s sale. Capp indicated the property was on the market for 2 years prior to that sale. Hurr questioned the amount of lakeshore. Capp clarified he has access to the lake via an easement. Jabbour inquired whether a sheriff’s safe is considered the same as a distressed sale. Erickson concurred that it is mid noted these types of sales are not used determine market value. Capp said he purchased the home from the bank who bought the property for $405,000. a