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Page 2 Greg and Jackie Gerard Continued... <br />Homeowners valuation of property located at 2610 Mapleridge Lane, Orono <br />Property ID 21-117-23 21 0009 <br />History <br />- Purchased home 6/1/92 for $250,000 <br />’92 Estimated Market Value $308,000 - paid taxes <br />'93 Estimated Market Value $309,000 <br />- Appealed valuation to Hennepin County 1992 <br />'93 revaluation $281,000 - paid taxes <br />Homeowner stopped from further devaluation by technicality <br />- Appealed to Orono Board of Review 1993 <br />'94 valuation $250,000 <br />- Appealed to Orono Board of Review 1994 <br />’95 valuation $269,000 <br />Orono "lost" letter of protest <br />Homeowner married April 22, 1994 <br />Homeowner acquiesced to $269,000 under duress <br />- Today - appealing to Orono Board of Review 1995 <br />’96 valuation $299,000 <br />20% valuation increase in 2 years <br />Property (not home) valued at $199,000 <br />Condition of Home <br />- Size - 1,770 sq. ft. - built 1969 <br />- Deterioration <br />rim joist, sill plate, subflooring, 5 sets sliding doors <br />- Basement too low for living use <br />- No A/C, furnace 1969, original roof <br />- New deck <br />- 2 bedroom, 1-1/2 bath, 1 closet. loft