Laserfiche WebLink
CITY OF ORONO <br />Local Board of Appeal and Equalization <br />Wednesday, April 21, 2010 <br />7:00 o'clock p.m. . <br />Addison indicated he does not have that information. <br />4. BILL WYATT, 4235 COUNTY ROAD 6, PID #31- 118 -23 12 0013 <br />Wyatt indicated he appeared tonight to reserve his right to appear before the Hennepin County Board and <br />had nothing else to add to the record. <br />5. CHRIS MANDY, 2175 WEBBER HILLS ROAD, PID#03 - 117 -23 -34 -0003 <br />Mandy stated he purchased the home on February 11, 2010, for $389,000. They also received back <br />$10,000 for the closing costs and the assessment for the sewer of $4,000. When they received their <br />appraisal at closing, it valued the home at $390,000. The letter from the Hennepin County Assessor's <br />Office values it at $455,000 for 2010. <br />Mandy noted he did speak with the assessor and he came out and looked at the home. The assessor <br />reduced the valuation from 455 to 430. <br />White asked when the house was purchased. <br />Mandy indicated they purchased the home in February of 2010. Mandy noted the listing history of the • <br />house shows that the home was originally put on the market for $529,000, with the price being reduced <br />routinely. Mandy noted the property sat on the market for 56 days before they purchased the home. <br />White asked if the sale would count on this year's valuation. <br />Stulc stated the Department of Revenue would look at this sale for the 2011 assessment. Stulc indicated <br />the Assessor's Office will not ignore this sale and will review it. Stulc indicated they will be in contact <br />with Mr. Mandy. <br />Stulc noted this was a foreclosed house but that he will see how it compares to the normal real estate <br />market. <br />6. BRAD BAKKE, 3235 CRYSTAL BAY ROAD, PID#17 - 117 -23 410009 <br />Bakke stated between his home and both homes on either side of him, the last one you would pick would <br />be his. Bakke stated the first property on the corner is valued at $20,000 less than his, the other adjoining <br />home is valued at $23,000 less than his, and the house to the west is valued $86,000 less than his. In <br />addition, a house a little further away is valued at $174,000 less than his. Bakke indicated he would trade <br />his house for any one of those. <br />Bakke stated he would like to meet with the assessor. <br />Stulc noted he has not spoken with Mr. Bakke but that they would schedule an inspection and review the • <br />information. <br />PAGE 4 of 6 <br />