04-24-1996 Board of Review Minutes

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MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 24,1996 • has 8 acres (more land than her property) and more amenities. The home next door sold in the winter of 1994 for $334,000 which has 10 acres. Last year she filed papers at the Hennepin County Courthouse -Tax Court but has not heard anything. Erickson commented that the Tax Court is probably 1' /z years behind. She feels it would be worth $414,000. The Assessor will revisit this property. J.L. Carlson. 2080 Shadywood Road. #17- 117 -23 310016 - The 1997 valuation is $311,000 and the 1996 valuation was $299,000. She feels the values are going up too fast forcing those who have lived in the area for years to move out because they cannot afford the taxes. She felt the valuation should be at about $300,000. Erickson explained that they do not base valuations on comparable fee appraisals because it would be too costly for the City. They look at various parts of the lakeshore and many different neighborhoods to determine average increases. He noted that competition for less expensive homes is increasing. .G .W. Kalweit 4265 Forest Lake Drive, #07- 117 -23 12 0016 - The 1997 valuation is for $258,000 and he feels it should be at $241,000. In 1995 it was $239,000 and in 1996 it was at $240,000. There have been no improvements to the house. He did not feel their particular lakeshore increased • 6% in value because a stormsewer had been installed illegally before they purchased the property. He had photos showing the growth as a result of the improper drainage. The homeowners have asked for dredging in this area. There is a lift station across the road that has malfunctioned on several occasions for various reasons causing water /sewer damage in their home. Ty Bucey. 2677 Casco Point Road. #20- 117 -23 23 0020 - His 1997 valuation is at $364,300. Due to a fire, they had to rebuild and built the floor plan of a neighboring home (valued at $330,000). The property is a 60' lot on a cliff. He feels the home is worth $325,000. The old house was appraised at $265,000. It cost $225,000 to rebuild, leaving the difference in the value of the property. Jack Isaaman 210 Big Island. #23- 117 -23 23 0034 - The valuation of the cabin in 1994 was $63,000; in 1995 it was $67,700; for 1996 it is $74,600. There have been three sales on Big Island in the last year. 290 Big Island sold for $77,000 with a cabin of 842 s.f. The Isaaman cabin is 525 s.f. Another property sold for $55,000 and a third at $63,000, both were larger cabins. He has about 200' of lakeshore but one end is a swampy lagoon and has a fire lane. He thought $60,000 would be a fair assessment. The cabin was built in 1970. 4 •