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MINUTES OF THE BOARD OF REVIEW MEETING <br />HELD APRIL 29, 1993 <br />value be lowered to reflect the purchase price. <br />noted the field stone house was built around 1907 and probably <br />would not be economically feasible to tear down. <br />Increase would be reasonable setting the value at $440,000. <br />Jabbour Inquired at what point the land does not drive <br />combination value. He felt there should bo a point at which <br />value of the land would plato. <br />the <br />the <br />Erickson stated he does not knew when that plato would <br />pointed out a property (100’ wide) on Tonkawa with an older <br />residence sold for $305,000 last year. <br />Jabbour noted he purchased the property across the street with 300’ <br />of lakeshore for less money. <br />Callahan asked Wilson how much lakeshore he has. <br />Wilson guessed around 200’, and the entire lot Is 2 acres with <br />about three-fourths of it wet. <br />^:*anl'^r ^was 7a?lV;i ed' '^?Srwh\^r;%r'’;c‘e7s Ts <br />correct. <br />Erickson said they have calculated each property along North Shore <br />Drive individually as each are unique. <br />She would I Ike a 2 to 3* increase, or none at all. <br />CJiArl^Schom._i»Q5^^^ ^993 ^’2®,400. 1992 va ue <br />$1217000. He said this Is a wooded outlet and '?! <br />buildabillty with the new shoreland regulations. He felt It should <br />be valued at $100 if deemed unbuildabie. <br />Erickson said he would contact staff regarding the buildabillty. <br />V*.4