04-29-1993 Council Minutes2 - Laserfiche WebLink

Home Browse Search

MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 29, 1933 Beise said it was, but he assumed he wouid be ailowed to repair It. He said he paid less than $87,000 as he purchased from his grandmother. Greg Gerard. 2610 Maoleridge Lane. #21~117-23 21 0009, 1993 value $280,900. He reported he purchased this property in June 1992 for $250,000. He said that the property has less than 50’ of lakeshore frontage, there are a number of easements across the property, and he purchased it after being on the market for over 6 months. He stated he has fiied an abatement as weii. Callahan asked if he wouid be satisfied with $250,000. Gerard said he would. All members agreed this would be an appropriate change subject to the appropriate sales documents being shown to the Assessor. John Ericson. 1620 Shadywood Road, #17-1 17-23 21 0012.,^ 1993 value $263,000, 1992 value $234,600. He noted this is a $29,000 Increase. He stated every time someone wishes to move out to the lake area, he pays the price. He added he is not allowed to build on the vacant parcel, and lives next to North Arm Landing. He felt a 3X increase would be appropriate. Ken Roelofs. 1650 Shadywood Road. #17-1 17-23 21_0014i. 1993 value $267,600, 1992 value $239,800. He stated this is an 11.6X increase, and he has not done any work to the property. He felt a 2-3X Increase would be reasonable. Callahan noted the adjacent house at 1670 Shadywood Road just sold. Rcelof stated It sold for $235,000, and the properties are not substantially different. Callahan questioned the market value of the property. Erickson stated the market value for 1670 Shadywood Road is $204,000, which is a 86X sales ratio. He noted due to the sales ratio, the land values for properties along North Shore Drive were Increased appropriately 29X.