05-13-2002 Board of Appeal and Equalization Reconvened Packet

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I3200 NORTH SHORE DR - PID#08-117-23-41-(X Owner - Shirley Hendrickson & Rick Windenburg The only perpetual easement is for sanitary sewer purposes. It is located approximately 445 feet south of the shoreline and across the full width of the lot. The owner is concerned that she will not be able to build a detached garage on the site because of the easement. The owner's in 2001 added an attached garage with unfinished storage space above. The storage space has a patio door and 2 windows on the backside of the addition. Access to the storage area is via a stairway from the dinette. The owner indicated that the space would be finished at sometime into a craft or hobby room. With the addition of the garage the property is very close to the maximum hardcover allowance and therefore the detached garage would probably not be approved. The owner thinks the lot should be valued similarly to the property next door, 3210 North Shore Dr. The owner feels that the additional lot area closest to the street is worthless, because she can’t do anything with it accept mow it. The additional land does oft’er a buffer from having a neighbor behind them and currently the subjects land value Is only $12,000 higher than the lot located at 3210 North Shore Dr. The land values will be reviewed for the 2003 estimated market value and there probably will be a greater difference between the two lots. The owner purchased this property in February 2000 for $324,500 and since then has added the garage, repainted and recarpeted several rooms, sheet rocked the fireplace surround, remodeled the V4 bath, replaced some windows, and replaced the front deck. There was a $26,500 improvement amount added to the valuation this year. The owner says they were unaware of the lift station easement and manhole when they purchased the property because the snow was covering it. Also, they had to purchase this property because there weren’t very many lakeshore properties for sale at that time. The property next door, 3210 North Shore Dr. just recently sold In February 2002 for $339,900. The site is similar in frontage. Both have 60 ff. This property serves as a buffer for the subject from the marina. The site is only approximately 390 feet deep. The subject is approximately 560 feet deep. The house is a rambler of approximately 879 sf. and there Is no basement space. The subject is approximately 1,630 sf. The comparable is currently being remodeled with an addition off the back of the house. Other sales to consider are: Sale #2 1412 Baldnr Park Rd - October 2001, $555,000. 50 ff and 200 feet deep. North Arm bay Sale #3 1440 Baldur Park Rd - June 2000. $310,000. 40 ft and 1 50 feet deep. North Arm bay Sale #4 1456 Baldur Park Rd - June 2000. $249,900. 50 ff and 150 feet deep. North Arm bay Sale #5 3619 North Shore Dr-July 2001, $275,000. 50 ff and 120 feet deep. Crystal bay Sale #6 3645 North Shore Dr - June 2000. $266,000. 60 ff and 130 feet deep. Crystal bay, gutted after purcha.se. This property is for sale again at this time for $415,000. Sale #7 3685 North Shore Dr - July 2001. $350,000. 90 ff and 90 feet deep. Crystal bay