04-25-2001 Council Minutes Board of Review

Home Browse Search

MINUTES OF THE ORONO BOARD OF REVIEW MEETING Wednesday, April 25, 2001 • 7:00 o'clock p.m. Mayor Peterson indicated the Assessor's Office would be contacting the property owner to review the property again. 2. John Weist, 1920 Concordia Street, PID 17-117-23 23 0006. Weist stated his home was constructed in 1973, and at the present time he is retired and on a fixed income. Weist stated they have not done any improvements to the house. Weist indicated his estimated market value is $193,000, with his house consisting of 1042 square feet. Weist stated he was informed by the appraiser that the reason his property valuation has increased by 100 percent over the past six years and 60 percent in the last two years is because someone built a half million dollar house on the piece of lakeshore property, which increased the land values in the area. Weist commented in his view this is not a fair comparison since he does not own any lakeshore. Weist stated a better comparison to his house would be the property on the back side of his lot that sold for one hundred and eighty some thousand dollars last fall. Weist stated the house that sold has a porch, a fireplace, which his house does not have, and is slightly bigger than his residence. Weist stated an increase of 60 percent in the last two years is not reasonable. Jensen indicated they do not compare lakeshore lots with non - lakeshore lots. Jensen stated they would have used the three sales on Fagerness as comparison. Weist commented the house that sold recently was also built in 1997. • Jensen stated the quality of the home and square feet of the home is taken into consideration when valuing the property. Wynn indicated he did go back and look at other non - lakeshore properties in the area to make sure the valuation was correct. Jensen stated they will go back out and review the property again. 3. Dan Bergeron, 1980 Sixth Avenue North, PID 27-118-23 42 0004. Bergeron indicated his home was constructed in 1980, and has been listed for sale since June of 2000, for $369,000. Bergeron said he received a letter from his real estate agent who indicated the proper selling price for his home would be in the range of $330,000 to $350,000. Bergeron stated his market value is $393,000. Jensen stated Bergeron did call the Assessor's Office and left a number, but she was told the number was not good. Jensen stated she did review the information they have on the property and was hoping to be able to contact the property owner prior to tonight's meeting. Jensen indicated she would like to review the property. Jensen noted they have not actually been in the residence, but they would be willing to reduce the valuation to $354,000. 4. Robert Frommelt, 2805 Casco Point Road, PID 20- 117 -23 32 0015. Frommelt stated he is appearing at tonight's meeting because of a concern he has regarding the number of increases his property valuation has gone up. Frommelt stated his valuation has increased 13 times since he purchased his home in 1970, with his income only increasing three times in that same period of time. Frommelt commented his taxes have increased to the point where he is unsure whether he will be able to • retire and still live in his residence. The estimated market value is $747,000, limited market value is PAGE 3