2010-05-12 Handouts for Meeting - Laserfiche WebLink

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4 Kenneth A. Tolzmann, S"A Senior Accredited Minnesota Assessor TO: Centerville Board of Appeal & Equalization FROM: Kenneth A. Tolzmann, Centerville City Assessor SUBJECT: City Assessor Report to Board DATE: May 12, 2010 At the April 28 meeting, the Board of Equalization requested my recommendations in regards to the appeals that were heard at said meeting. Following are said recommendations, along with a brief explanation in support of said recommendation. Denvice Jasmer 1743 Partridge Place 23- 31 -22 -34 -0048 At the 4/28 meeting, Ms. Jasmer was present to question the proposed valuation on said property of 370,100. The subject property was purchased as a foreclosure in 2010. The subject is a good quality split style home with 1894sf above grade. Amenities include: finished basement, 4 baths, attached oversize garage, walkout, fireplace, extra kitchen. There were two comparable properties which sold. The first, sold for 358,900 (qualified sale) during the 10/2008 thru 9/2009 sales period used in generating this assessment. The first was located at 1695 Lakeland Circle, was a good quality modified two story home with 2202sf above grade, 3 baths, walkout, 4 season porch, triple garage, finished basement, fireplace & stonework. After a comparison of the subject property with this comparable, the value of the subject property is projected at 385,100. The second comparable which sold, sold, was located at 1937 Eagle Tr., was a qualified sale and sold for 335,000. The house was a good quality modified two story home with 1975sf above grade, 4 baths, finished basement, walkout, triple garage, fireplace & brickwork. After a comparison of the subject property with this comparable, the value of the subject property is projected at 373,500. Therefore, it is my recommendation that no action be taken on this petition. Michael Skaar 1739 Partridge Place 23- 31 -22 -34 -0049 At the 4/28 meeting, Mr. & Mrs. Skaar were present to question the proposed valuation on their property of 322,800. The subject property was purchased as a foreclosure in 2010.