05-11-1992 Council Packet - Laserfiche WebLink

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''K r?-- ''rjfr-yV i;.r <r :. ‘•> fen' ■ ffe1Cmyr %i\r I $ U' y ■ c:;.. 'p-U“- bC/’V-WkB- WV;,' hf' V‘ I'*. MINUTES OF ORONO 1992 BOARD OF REVIEW MEETING HELD APRIL 29, 1992 Jabbour suggested they contact the Zoning Department to determine If the property is bulldable. Butler suggested they review the possibiIity of combining the property to reduce the vaiuation. Erickson noted ho could get secondary homestead credit for the property. He noted ho would check into the zoning of the property and submit a report to the owner and to the Board. Frank St. Lawrence. 253 Cygnet Place. PIPS 04-1 1 7-23 22 QQA2_^ said the valuation went from $149,900 to 154,300 in 1992. He stated the HIghway 12 corridor selection is having a chiiling effect on ppQp0Pty values and felt the valuation should be left at $149,900. Erickson stated they would review the property Marie Everson. 4755 North Shore Drive, PIPS 07-117-23—32—00?1x stated the 1992 valuation is $170,200 and felt It should be $152,000 based upon a January 1992 real estate appraisal and the sale of neighboring property. She stated that the valuation has Increased $10,000 for each of the previous two years. Erickson noted they would review the property. Norma Jean DIckev. 4425 North Shore Drive. PIP# 07-1 1 7-23 34 Q0Q3_i. noted the 1992 valuation is $184,600 and felt It should be reduced to $125,000. She stated it was a poorly built home. Erickson stated the valuation for 1991 was $186,000; $117,500 for the land and $67,100 for the buiIding. He stated they would review the property. James M. Eesley. 1449 Bav Ridge Road. PIP# 10-117-23 34 0003. said his valuation increased by $500 and asked what that was based upon. He said a neighboring property was Iisted for $250,000 and recently sold for $187,000 and another is listed for $229,000 and has been for sale for 3 years. He stated he has not Improved the property In recent years. He noted that nothing In the neighborhood has sold for the asking price within the last 10 years. Erickson stated to find comparable homes, they often have to look at areas outside the Immediate neighborhood. He noted that approximately 95% of the homes in Orono sel I for more than the market value. Jabbour advised him that if the City-wide valuation Is off 5% or more, the State will mass assess the City.