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03/28/1994 BOR - 4914� � � i. coF rw�MO ��j/ TO: William Burns, City Manager � Rick Pribyl, Finance Director FROM: Lean Madsen, City Assessor SUBJECT: f 994 8oard af Review DATE: March 28, 1994 Attached is our annual presentation to the members of the Board of Review. The meeting of the Baard is scheduled for April 18, 1993, at 7:30 PM, just pric3r ta the regular Counal meeting. Since State Statutes 274.01 require thatthe business ofthe Board be concluded within 2Q days ofthe first meeti�g, and assuming thatwe will need to review a number of cases before a decision can be made by the Board, May 2 should be tentatively scheduled for the corrtinued meeting. This year, AAary Smith will be assisting me with the presetitation of cases to the Board. Represer�taitives from tl�e Anoka County Praperty Tauc and Records Division will answer questians regarding apartmerrt properties. The pay 1994 i�x s�xtements, which included the 1994 pay 1995 valuation nat�ce, were mailed from Fri. March 18 thru Fri. March 25. Afthaugh at this early date, it is not clear how much response we wilt receive from raxpayers, we can expect a certain amourrt of canfusion and discussion for a numbe.� af reasons. Of primary concern will quite possibly be the addition af the Solid Waste Managemerrt Charge mandated by Anaka Cour�ty. Since this amount was not included in the Truth—In—Taxation notices, I exp�t many folks will question this addition_ We wiQ be referring all of these calls tn the Cour�ty offices involved. �ver-all tax rates {See enclosed rates) decreased, in varying degrees, in Schoal Dist�s #11,14 & 16, while Schoal Dist #13 intxeased. As with pre�ious years, our office will attempt to explain and satisfy the concerns of as many people as we can, prior to the meeting. For those that wish to bring their concems to the Board, we wiN advise them to prepare there preserrtation based upon sound appraisal facis, and o� office wiil do likewis�. March 28, 1994 Chairman, Board of Review Boardmembers Subject: The 1994 Real Property Assessment for Taxes Payable 1995 Attached are a number of items that may be useful reference when conducting the 1994 Board of Review which is scheduled for April 18, 1994 at 7:30 PM. If you have any questions, regarding the meeting or the assessment, please feel free to contact me. Leon Madsen, City Assessor THE 1994 BOARD OF REVIEW MEETING APRIL 18, 1994 7:30PM This meeting is called, by State of Minnesota Statute, to review the Assessor's estimated market values for the 1994 pay 1995 assessment. In the past, there has been a need to call a continued meeting to hear cases that cannot be resolved at this first session. In order to give our office adequate time to prepare, we would appreciate at least 2 weeks time until the next meeting, tentatively scheduled for May 2. State Statutes require that the Board finish its business within 20 days of the first meeting. The notice for this year's meeting was included on the pay 1994 property tax statement. The taxpayer was directed to contact our office if they wished to appear before the Board. Of those that do, we should be prepared to be able to settle most of those cases. However, for those that appear without having contacted us, we may need to take more time to review and prepare a case. We would appreciate it if these people could ba asked to contact our office to arrange to make a review of their property. IMPORTANT — The Board should take 1 of 3 possible courses of action on each case. It should either AFFIRM, DECREASE or INCREASE the value as submitted by the City or County Assessor. Regardless of the Board's action, the option of appealing to the County Board of Equalization is always open. The County meeting is scheduled for June 17, 1994, 9:OOAM, at the Anoka County Courthouse. AUTHORITY OF THE LOCAL BOARO OF REVIEW Assessmenis of p�operty are made to provide the means of ineasuring the relative share of each taxpayer in meeting the costs of local govemment. It is the duty of the Assesso� to appraise all taxable property. If the burden of local govemment is to be fairly and justly shared among the owners of all property of value, it is necessary that ail taxable prope�fy be listed o� the tax rolis and that all assessments be made accurately. Minnesota Statutes Section 274.01 provides that the council of each c'ity shall be, o� appoint, a Board of Review. These meetir�gs are required to be held between April 1 and May 30 and the Cle�ic of the Board of Review is required to give published a�d posted notice at least te� days befo�e the date set of the first meeting. The Board of Review of any city, unless a longer period is approved by the Commissioner of Revenue, must complete its work and adjoum within 20 days from the time of convening specified in the notice to the Clerk. No action take� subsequent to such date shall be valid. A request for additional time in order to comptete the wor{c of the Boa�d of Review must be addressed to the Commissioner of Revenue in vvriting. Tf�e Commissioner's approval is necessary to legalize any procedu�e subsequent to the expiration of the 20-day period. The Commissioner of Revenue will not, however, extend the time for loea! Boards of Review to meet pasi June 15 because County Boards of Equalization convene on June 17. The authority of the local board extends over the indiy+dual assessments of real and pe�sonal property. The board does not have the power to increase or decrease by percentage all assessments in the district of a given class of property. Changes of aggregate assessme�ts by classes are made by the County Board of Equalization. Although the local Board of Review has the authoritiy to increase o� reduce individual assessments, the total of such adjustments must not reduce the aggregate assessment made by the asssessor by more than one percent of said aggregate assessment. If the total of such adjustments does lower the aggregate assessment made by the Assessor by more than one percent, none of the adjustments will be allowed. This limitation does not apply, however to the correction of clerical e�ro�s or the removal of duplicate assessments. 1993 MARKET STUDY FOR 1994 ASSESSMENT On the following pages, you will find a complete listing of the residential sales recorded in Fridley during 1992, according to reports as of 3-28-94. Data on.these sales is derived from CERTIFICATES OF REAL ESTATE VALUE that are required to be filed along with any property transfers at the County offices. The latest reports contain data on 296 sales. Due to late recording, there may be 1993 sales yet to be filed. Data on the 259 sales of non—townhouse residential properties indicates that our 1993 EMVs are 92.04% of actual sales prices. The townhouse sales indicate a ratio of 92.74% of actual sale prices. As a result of this analysis, the following steps were taken to bring the current EMVs to a ratio of at least 94%: Increased the base computer table rate for structures by 4.5% Increased the amount of depreciation of all residential structures by 1%. Increased the bldg. value of certain properties abutting railroads and highways. Increased Riverview Heights floodplain land rates approx. 5-7% Inasmuch as our computer analysis program cannot update the EMVs, we must rely on the County sales analysis program to review the resufts of these changes. Based on a County analysis, the changes have produced an apparent ratio of 94.4% on stand alone residential property and 94.1 % for townhouses. SALES STUDY Following is a key to reading the Residential Sales Data study for 1993. —At the top of the page is the year the sales took place for the study. This is also the year of the Assessor's value that the sales are compared with ie, this study compares 1993 sales with the Assessor's EMVs for 1993 pay 1994. —The list of sales is arranged in ascending order of the sales ratios (last column). —The first column, labeled MO, is the month of the sale. —PIN is the parcel ID nunber. —CLS or class is the quality of the structure. 1 is the highest quality. 2 digit numbers are splits between single number classes ie. 12 is a split between 1&2, 15 is btwn. 2&3, 18 is biwn. 3&4, 21 is btwn. 4&5, 24 is biwn. 58�6, 27 is btwn. 6&7, 30 is btwn. 7&8 etc. A class 27 is considered a very average quality home in Fridley, and a rate above 7 is usually substandard in some way. —BASE is the style of the structure, such as: RS is a rambler on slab. RB is a rambler on basement. SF is a slit foyer. RC is a rambler on crawl space. EA is a finished 1 1/4 sty. SL is a split level. All bases starting with T are townhouscC6 is a 2 story. —BMT indicates if it has a full or partiai basement. 0= no basement 1= part:al basement —Under GARAGE is AREA which indicates number of square feQ = full basement if it is attached, detached or tuck—under. —Under EXTRA BATHS is space for up to 3 extra baths with the numbers indicating if they have 1,2,or3 fixtu�es. —FP denotes # of fireplaces —BAS FIN indicates square feet of basement finishing. Sales Study (cont.) —AIR indicates central air conditioning YES or NO. —PCH indicates type of porch, such as: GFPP is a 3 season porch. GUPP is a glazed, unfinished porch. SCPP is a screened porch. POSL is an open porch on concrete salb. POWD is a porch with wood floor. —DECK shows square feet of decks, 'rf any. —FLOOR AREA is # of Sq. Ft. of foundation area. —YB is effective year built. If house has had major remodeling or additions, the eff. age may be newer than original year built. —SALE PRICE is the price paid as shown on the CERTIFICATE OF REAL ESTATE VALUE which must be filed with any recorded ins:rument of transfer. —EMV is our Assessor's Estimated Market Value.as of 1-2-93. —PREV SALE shows date of any previous sale within the last 10 years. —RATIO is the relationship of the EMV to the SELLING PRICE. The summary at the end of the report indicates the result of a�umber oi statistical analysis. The first column of data is relatively unimportant except for the last number which is the number of sales in the study. The second column contains: AVG PRICE — is the average selling price of all sales recorded for the year. AVG EMV — is the average Assessor's EMV of all properties sold in 1993. AVG RATIO — is the relationship of the Assessor's EMVs to the sales prices. AVG BUILT — shows the average age of those properties sold. AVG AREA — is the average square footage of those sold. COD BY MEAN is the coefficient of dispersion, which is the average + or — amourrt that the EMVs range from the Avg. or mean ratio. The State Dept. of Revenue considers a COD of less than 10% to be excellent equality and assessor perfo�mance. 3/28/94 � CITY OF fR]DLEY RESiDENTIAL SALES DATA fOR 1993 OVERAIL-SALES C B EXTRA SALE . L M GARAGE B A T H MO STREET ADDRESS PIN NUMBER S BASE T AREATYPE 1 2 3 -- ----------------------- ----------- - - ---- - -------- ------- 1601 BERNE RD 25-11- 41 CB 4 1 660 A 3 2 8 6345 PIERCE ST 13-31- 27 DE 49 1 576 D 8 7377 MEMORY LN 11-13- 98 CB 27 1 462 A 2 3 6 5375 5 ST 23-34- 70 DB 49 1 600 D 7 1424 NORTH DANUBE RO 24-42- 13 CB 12 1 732 A 2 3 3 6979 HICKORY DR 10-44- 28 RB 27 1 418 A 3 3�1505 FERNDALE AVE 24-1'F- 26 RB 27 1 T 3 2 1537 BERNE RD 24-44- 3 SF 4 1 T 3 4 5465 ALTURA RD 23-33- 102 RB 27 2 576 A 3 2 211 LOGAN PKUY 10-13- 34 RS 6 0 528 D�. 8 424 RICE CREEK BLVD 14-21- 40 SF 6 1 475 A 3 5 7162 RIVERVIELI TER 10-42- 48 RB 5 1 552 A 3 3 4 440 RICE CREEK TER 14-24- 74 RB 27 1 648 A 3 6 7421 TEMPO TER 11-13- 59 RB 27 1 484 A 3 8 631 DOVER ST 3-32- 93 RB 27 1 280.A 6 6209 BAKER ST 13-33- 32 RB 27 1 294 A 5 9Q0 Li MOORE �AKE DR t3-33- 26 SL 24 1 760 A 3 7 1391 53 AVE 24-34- 60 SF 6 1 728 A 2 5 6790 BROOKVIEU DR 13-23- 65 SF 6 1 400 A 3 5 5544 EAST DANUBE RD 24-42- 79 Sf 4 1 631 A 3. 4 608 RICE CREEK TER 14-12- 75 RB 2Z 7 264 D 3 6 392 66 AVE NE 14-24- 26 RB 27 1 240 A 3 4 7524 ALDEN WAY 10-12- 79 RS 6 0 572 A 2 4 6665 ARThUR ST 13-14- 121 RB 27 1 484 D 3 8 574 GLENCOE ST 3-23- 99 RB 27 1 528 D 1 10 100 GLEN CREEK RD 19-14- 44 SL 27 1 T 2 3 7865 PEARSON uAY 3-34- 18 RB 27 1 294 A 3 9 5365 MATTERHORN DR 24-43- 2 SF OS 1 T 2 6865 SIVERTS LN 13-12- 23 SL 24 1 572 A 3 246 69 AVE 14-22- 27 RB 6 1 484 A 3 6 990 RICE CREEK TERR 13-22- 37 RB 27 1 528 A 2 6421 TAYIOR ST 13-32- 74 RB 6 1 T 2 4 251 RICE CREEK TER 14-22- 82 Re 24 1 588 A 3 3 2 1010 68 AVE 13-23- 51 SF 24 1 594 A 3 6 6580 CHANNEL RD 13-24- 41 RB 06 2 480 A 3 2 10 4539 2 1/2 S7 26-33- 96 RB 2 440 D 2 1 39 63 1/2 WAY 15-41- 31 SL 27 1 440 D 4 5924 7 ST 23-21- 74 RB 27 1 480 A 3 2 148 RIVER EDGE uAY 15-43- 57 RB 6 2 512 A 3 5 231 SLYVAN tN 14-32- 39 SF 6 1 552 A 3 3 6464 ABLE ST 14-41- 56 RB 27 1 280 A 3 2 6553 ARTHUR ST ]3-14- 89 RB 27 1 480 D 3 8 5211 FILLMORE ST 25-21- 21 Sl 24 1 484 D 3 10 6770 PLAZA CUR 14-23- 38 RB 27 1 396 A 1 8 6542 BROOKVIEU DR 13-23- 34 RB 7 1 352 A 2 7 7466 MELODY DR 11-72- 52 SF 27 i 504 A 3 4 6045 2 1/2 Si 23-22- 31 RB 27 1 480 D 9 620 HUGO 3-23- 195 RB 27 1 396 D 9 6261 R[VERVIEU TERR 15-43- 9 SF 6 1 484 A 3 5 310 OSBORNE RD 11-21- 6 RB 7 1 294 A 3 7 876 76 AVE 11-11- 72 RB 27 1 T Page 1 A F BAS I FLOOR Y SALE PREV P FIN R PCH DECK AREA B PRICE EMV SALE RATIO - ---- - ---- ---- ----- -- ------- ------ ----- ------- 3 968 Y POSI 104 1306 69 196,000 131,900 67.29 N 984 64 108,000 76,900 71.20 2 406 Y POSL 140 775 66 127,000 93,700 73.77 858 Y 1682 71 121,000 89,300 03/86 73.80 1 Y 240 1667 78 251,500 185,700 73.83 2 507 Y 195 1440 65 118,000 87,800 12/88 74.40 2 Y GFP 544 1532 57 134,900 100,600 74.57 1 416 Y 330 1322 74 148,500 112,600 75.82 484 Y 96 1091 69 107,500 82,000 04/89 76.27 2 Y 1036 2360 55 175,000 135,600 Of/87 77.48 1 920 N 288 1085 68 124,500 97,500 78.31 2 604 Y POSL 1462 72 176,445 139,000 78.77 Y 288 1360 61 120,000 94,600 07/86 78.83 2 576 Y POSL 144 1504 62 118,500 93,50U 78.90 N GFP 740 55 66,800 52,800 03/90 79.04 2 N GPP 1024 56 91,500 72,900 09/87 79.67 1 500 Y 414 1166 56 135,000 108,400 04/78 80.29 623 N 100 1176 66 116,350 93,600 80.44 1 563 Y 247 1014 86 106,800 86,400 07/85 80.89 2 1064 Y 168 1438 79 179,900 145,800 03/88 81.04 - 550 Y POSL 1066 63 94,900 77,100 04/89 81.24 43? Y 140 1036 53 85,874 70,100 03/86 81.63 2 N GFP 1548 53 132,500 108,500 10/88 81.8$ 454 Y 1040 64 92,900 76,100 10/84 81.91 176 Y POSt 1062 66 89,500 73,600 01/89 82.23 2 291 N 1200 56 90,000 74,100 OS/87 82.33 757 Y 180 1093 63 99,000 81,800 82.62 2 198 Y 108 1126 61 104,000 86,400 83.07 1 370 Y 288 1084 83 118,900 98,800 03/87 83.09 642 Y GFP 1180 61 104,000 86,500 83.17 693 Y 1056 60 93,900 78,200 08/79 83.28 2 420 T 1130 57 81,900 68,300 83.39 2 585 Y GFP 264 1340 62 142,000 119,100 83.87 1 516 Y 100 1112 74 112,000 94,000 83.92 1 769 Y GUP 1240 63 107,500 90,300 84.00 364 130 1012 57 83,900 70,600 0182 84.14 234 N 960 64 78,875 66,500 O7/88 84.31 490 Y 1079 58 88,000 74,400 84.54 2 400 Y GFP 134 1008 59 134,000 4f3,400. 71/86 84.62 1 473 Y 1050 66 103,500 87,600 84.63 1 429 Y 920 59 80,000 67,900 04/85 84.87 1 636 Y 988 59 83,500 70,900 84.91 2 480 N 230 1656 57 127,500 108,300 84.94 2 328 Y GFP 1092 59 93,000 79,200 07/81 85.16 273 N POUD 900 48 73,500 62,600 85.17 527 Y 36 888 67 92,500 78,900 10/86 85.29 440 N 962 57 79,800 68,100 09/8b 85.33 456 Y 1012 63 79,900 68,200 85.35 1 912 Y 180 1040 73 108,000 92,500 11/80 85.64 390 N 168 1076 51 77,500 66,400 10/79 85.67 1 Y 288 1290 61 93,350 80,000 85.69 a 3/28/94 SALE MO STREET ADDRESS CiTY OF FRIDLEY RESIDEHTIAL SALES DATA FOR 1993 OVERALL-SALES Page 2 C B EXTRA A L M GARAGE B A T H F BAS I FLOOR Y SALE PREV PIN NUMBER S BASE T AREATYPE 1 2 3 P F1N R PCH DECK AREA B PRICE EMV SALE RATIO -- ----------------------- ----------- - - ---- - -------- ------- - ---- - ---- ---- ----- -- ------- ------ ----- ------- 10 613 RICE CREEK TER 4 661 MARIGOID TERR 10 7390 LYRIC LN 5 731 PANDORA DR 3 851 OVERTON DR 2 6360 STARLITE BLVD 1 1390 76 AVE NE 5 1500 OSBORNE RD 8 6218 CAROL DR 10 6140 6 ST NE 2 5643 4 ST 3 1565 GARDENA 7 5917 6 ST 8 680 IRONTON 10 5144 HUGHES AVE 4 131 79 WAY 4 6739 KENNASTON DR 5 6750 MADISON ST 11 700 MARIGOLD TER 8 7452 MELODY OR 6 6150 BENJAMIN ST 10 165 STONYBROOK 41AY 3 6360 WASHdNGTON ST 7 16 67 uar 12 7217 EAST RIVER RD 9 260 LIBERTY 4 1120 LYNDE DR 9 5871 ARTHUR ST 5 7830 ALDEN uAY 5 532 53 1/2 AVE 7 563 JANESVILLE 4 7351 MEMORY LN 10 5721 REGIS DR 4 6240 RAiN60tit DR 7 6440 BAKER ST 5 5900 6 ST 3 4709 MAIN ST 1 8199 Rivervieu Terrace 4 7311 SYMPHONY ST 2 720 PANDORA DR 5 315 76 AVE NE 7 5872 JEFfERSON 9 5871 6 ST 3 7391 JACKSON ST 3 860 PANDORA DR 7 260 67 AVE 4 7501 HAYES ST 2 7376 STINSON BLVD 3 100 G[BRALTAR RD 7 7321 TEMPO TERR 9 6201 TRINITY DR 14-12- 59 RB 23-13- 40 RB 11-24- 51 RB 14-11- 81 RB 14-11- 117 RB 15-41- 62 RB 12-12- 116 SF 12-11- 79 EA 14-44- 18 RB 14-34- 65 RB 23-31- 44 RB 24-11- 69 EA 23-24- 61 RB 3-23- 159 RB 26-22- 80 EA 3-42- 19 RB 14-14- 93 RB 14-13- 72 RB 23-14- 46 RB 11-12- 49 RB 13-44- 79 R6 3-43- 39 RB 14-42- 31 RB 15-14- 4 SF 10-41- 18 EC 3-31- 52 RB 24-31- 24 RB 24-14- 6 SL 3-34- 48 RB 23-43- 107 RB 3-23- b RB 11-13- 2 RB 24-31- 74 SF 14-33- 56 SF 13-32- 33 RB 23-24- 3 RB 26-32- 70 EA 4-14- 20 RB 11-24- 62 RB 14-11- 103 RB 11-21- 3L EA 23-13- 82 Sl 23-24- 71 RB 11-14- 11 RB 14-11- 93 RB 14-23- 69 RB 12-12- 9 RB 12-14- 10 RB 26-23- 33 RB 11-24- 18 Sf 14-33- 83 RB 21 27 27 27 27 27 6 27 27 27 27 27 27 7 07 27 27 27 27 27 18 05 27 24 30 27 27 5 5 27 27 27 24 6 07 27 7 27 27 27 7 27 27 27 27 27 27 7 7 27 6 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 2 1 1 2 1 1 2 1 1 t 1 t 1 1 2 1 t 1 1 2 1 1 1 1 2 1 1 1 1 1 1 1 1 672 A 480 A 504 A 440 D 432 A 336 A 484 A b24 D 308 A 352 D 308 D 360 D 352 A 576 D 484 d 440 D 360 A 420 A 440 D 480 A 528 A 504 A 252 A 616 A 528 D 484 D 641 A 660 A 352 D 440 D 460 A 520 A T 320 D 484 D 440 D 440 D 286 A 440 D 352 D 429 D 528 D 484 A 273 A 440 D 625 A 280 A 576 D 336 A 550 A 3 3 3 3 3 3 3 2 3 3 3 3 3 3 2 3 3 3 3 3 3 3 3 3 3 �� 3 3 3 1 3 3 3 1 3 3 3 2 747 N SCP 429 Y 1 308 Y POSL 1 532 N 627 Y 462 N 1 504 Y N 2 532 Y 528 N 425 N N POUD 490 Y N 224 140 140 390 n 1 215 N 112 658 Y 256 462 Y POSL 564 Y 2 390 Y POSL 2 1097 Y POUD 176 1 57? Y POSL 698 N 410_ 1 644 Y 150 N 1 N POSL 506 Y 1 660 Y 80 2 1070 N GFP 280 473 Y POSL 354 N 150 528 N POSL 288 1 252 N SCP 2 130 Y 444 N 180 216 Y 1 344 N GFP 198 N 624 N 240 680 Y 1 G86 Y 250 N 522 Y 440 Y 1 605 Y GFP 420 528 N 1 202 Y 250 1 412 N 534 N POSL 1 487 Y GFP 1 253 Y POSL 1056 59 109,900 94,300 1024 55 86,000 73,900 04/88 1050 65 91,000 78,200 0886 1025 59 88,000 75,700 1069 60 88,500 76,400 04/86 1056 64 76,800 66,400 1282 79 114,500 99,000 11/77 975 55 83,800 72,600 07/89 1247 56 91,000 78,900 933 59 79,700 69,200 0885 839 59 70,000 60,800 02/88 672 48 74,000 64,300 Ob/79 960 58 81,000 70,400 645 49 61,900 53,800 07/82 868 58 77,500 67,400 864 57 76,500 66,600 01/89 1106 63 90,000 78,400 02/85 1067 58 89,500 78,000 1066 58 86,900 75,800 0387 1200 68 98,000 85,500 04/86 1244 76 134,200 11T,100 1260 61 106,000 92,500 0589 1122 57 84,000 73,400 1628 73 134,000 117,300 SSb 40 47,000 41,200 1152 69 86,900 76,200 02/91 1053 61 85,500 75,100 1265 79 133,000 116,900 12/89 1369 65 14U,000 123,100 01/87 1042 60 84,600 74,500 07/83 1014 66 77,300 68,300 1050 64 90,000 79,400 02/92 1120 68 108,000 95,300 1269 56 94,900 83,800 780 47 68,200 60,300 1088 1066 59 85,500 75,600 07/89 1089 55 84,000 74,300 927 62 75,500 66,900 1008 61 83,500 74,000 1025 59 84,500 75,000 832 55 79,600 70,700 09/89 1127 62 85,000 75,500 1079 59 85,000 75,500 960 66 86,500 76,900 03/87 1069 60 88,500 78,700 08/87 996 58 79,250 70,500 1299 68 96,500 85,900 05/81 840 54 73,500 65,500 03/89 1160 56 84,900 75,700 04/87 1000 63 93,800 83,700 03/78 1080 57 89,200 79,600 85.80 85.93 85..93 86.02 86.32 86.45 86.46 86.63 86.70 86.82 86.85 86.89 86.91 86.91 86.96 87.05 87.11 87.15 87.22 87.24 87.25 87.26 87.38 87.53 87.65 8T.68 8T.83 87.89 87.92 88.06 88.12 88.22 88.24 88.30 88.41 88.42 88.45 88.60 88.62 88.75 88.81 88.82 88.82 88.90 88.92 88.95 89.01 89.11 89.16 89.23 89.23 3/28/94 .� CITY OF FRiDLEY RESIDENTIAL SALES DATA fOR 1993 OVERALL-SALES C B EXTRA SALE L M GARAGE B A T H MO STREET ADDRESS PIN NUMBER S BASE T AREATYPE 1 2 3 9 7084 HICKORY DR 10-44- 40 SL 27 1 480 A 2 3 7 360 74 AVE 11-24- 74 DB 49 1 3 6245 ALDEN WAY 15-43- 8 Sf 6 1 528 A 3 3 465 LIBERTY ST NE 3-31- 91 SL 24 1 464 A 3 10 131 57 PL 23-23- 3 RB 2 5 6200 TRINITY DR 15-44- 78 RB 27 1 432 A 3 1 7410 TEMPO TER 11-24- 21 RB 27 1 441 A 9 7531 TEMPO TER 11-12- 40 RB 27 1 624 A 10 7589 LYRIC LN 71-**- 31 RB 27 1 456 A 2 1 541 67 AVE 14-13- 37 RB 6 1 484 D 2 3 8 6721 2 ST 14-23- 48 RB 27 1 i 3 2 2 6315 DELLUOOD DR 13-31- 53 RB 27 1 294 A 3 11 d56 KIMBALL NE 3-23- 126 RB 27 1 308 D 4 5 235 LOGAN PKNY 10-13- 33 RB 6 1 440 A 3 8 7321 EAST RIVER RD 10-14- 5 CB 27 1 6T6 A 3 3 7343 HAYES ST 12-13- 27 EA 27 1 5T6 D 7 577 54 AVE 23-43- 17 EA 27 1 330 D 4 580 RICE CR€EK TER 14-12- 81 RB 27 1 440 A 3 4 6101 TRINITY DR i4-33- 73 RB 27 1 280 A 9 7331 MEMORY LANE 11-13- 4 RB 27 1 460 A 2 3 10 212 PANORAMA 26-23- 61 RB 7 1 672 0 10 7395 HAYES ST 12-13- 40 RB 27 1 484 A 1 3 6140 7 ST 14-34- 31 RB 27 1 352 0 6 4543 MAIN Si 26-33- 74 RS 7 1 57b D 8 6213 ABLE ST 13-33- 17 RB 27 1 336 A 1 5825 MAIN ST 23-23- 98 RB 9 1 676 D 3 6720 PLA2A CUR 14-23- 43 RB 27 1 T 3 , 10 6221 ALDEN WAY 15-43- 5 Sf 27 1 792 A 3 11 6731 PLAiA CUR 14-23- 58 RB 27 1 308 A 3 4 695 NUGO ST 3-23- 157 RB 27 1 576 D 5 7625 ARTHUR ST 12-11- 120 SF 6 1 576 A 3 3 830 66 AVE 14-14- 75 RB 27 1 286 A 3 9 1650 BRIARDALE RD 13-44- 27 SL 4 1 S20 A 2 3 7 1444 76 AVE 12-12- 112 SP 6 1 618 A 2-3 8 6720 MADISON 14-13- 75 SL 27 1 252 A 3 11 136 RIVER EOGE uAY 15-43- 60 RB 27 2 528 A 2 3 9 635 PAIRMONT ST 3-23- 200 RB 27 1 480 D 2 5803 CENTRAL AVE 24-23- 22 RB 27 1 T 2 3 6615 ANOKA ST 13-14- 62 SF 27 1 7 3 4 589 53 1/2 AVE 23-43- 87 RB 27 1 T 3 4 5401 MADISON 23-43- 33 RB 27 1 528 D 3 2 6588 CLOVER P� 14-14- 48 SL 27 1 1216 D 1 8 6180 BRIARDALE CT 13-44- 39 SL 4 1 440 A 2 1 $ 6446 ASHTON AVE 15-41- 3 RS 8 0 320 D 6 4644 2 ST 26-33- 51 CB 27 1 624 A 3 3 5 5779 CENTRAL AVE 24-23- 19 RB 27 1 T 2 4 4757 MAIN ST 26-32- 72 RB 7 1 728 D 5 5926 oAKt100D MANOR 24-11- 37 RB 27 1 520 A 1 11 5990 OAK41000 MANOR 24-11- 34 SF 27 1 528 D 3 3 7310 JACKSON ST 11-14- 54 RB 27 1 528 A 3 10 105 71 1/2 uAY 10-41- 65 RS O8 0 393 A Page 3 A ' F BAS I FLOOR Y SALE PREV P FIN R PCN DECK AREA 8 PRICE EMV SALE RAT10 1 150 Y 144 1032 61 97,500 87,000 06/86 89.23 80 N 1656 64 85,000 76,000 89.41 1 780 Y 144 854 73 101,500 90,800 07/86 89.45 1 pOUD 70 924 92 1'l7,000 104,800 89.57 325 Y 1040 66 75,500 67,700 1188 89.G6 350 Y GUP 1015 57 84,500 75,800 OS/84 89.70 Y GFP 1069 62 87,500 78,500 05/85 89.71 1 423 Y 1060 67 89,500 80,300 04/87 89.T2 1 672 Y 334 1179 67 89,900 80,900 0386 89.98 1 480 Y POSL 1541 65 111,000 99,900 90.00 325 Y 1258 58 87,500 78,800 90.05 2 598 Y GFP 972 57 81,900 T3,800 90.10 798 N 1056 72 81,000 73,000 0685 90.12 2 728 N GFP 1263 54 123,888 111,700 12/90 90.16 378 Y 754 61 87,000 78,500 04/91 90.22 Y 832 52 T8,000 70,400 11/90 90.25 330 Y 783 60 79,900 72,200 10/85 90.36 772 Y 1201 63 95,000 86,000 09/82 90.52 466 Y GFP 432 1272 60 88,000 79,700 90.56 1 465 N 144 1062 65 88,000 79,700 90.56 456 Y 1040 55 79,500 72,000 90.56 46? Y POSL 1056 68 85,000 77,100 0981 90.70 610 Y 338 1056 58 80,000 72,600 90.75 Y 960 64 73,900 67,100 11/87 90.79 539 Y 1008 57 80,000 72,700 12/83 90.87 N 860 48 59,500 54,100 02/91 90.92 1 308 Y 218 1343 57 87,000 79,200 91.03 600 Y 100 1048 73 704,900 95,500 0386 91.03 481 N 1100 60 81,180 73,900 0484 91.03 1 Y 980 62 77,000 70,300 91.29 1 836 Y GFP 40 i060 83 11D,000 700,500 04/90 91.36 406 N 1028 59 80,000 73,100 09/83 91.37 1 694 Y. 1364 76 130,000 118,800 06/90 91.38 1 800 Y 168 1301 79 117,500.10T,600 0T/80 91.57 1 414 N POSI 80 1100 63 90,000 82,500 91.66 1 712 Y 1065 59 120,900 110,900 1285 91.72 400 Y 1012 66 75,001 68,800 91.73 2 240 Y 1196 57 81,000 74,400 91.85 1 662 Y 90 1120 75 93,150 85,600 01/87 91.89 328 Y 1012 60 83,000 76,300 91.92 2 624 N 1052 60 83,500 76,800 91.97 501 Y POSL 1012 56 94,400 86,900 92.05 1 616 Y POSL 468 1074 75 118,500 109,100 03/91 92.06 N 1032 47 57,000 52,500 07/87 92.10 Y 372 1152 54 103,400 95,300 09/84 92.16 312 N 1104 SS 75,500 69,600 92.18 231 N 720 47 66,000 60,900 03/87 92.27 456 Y 110 1040 71 •86,700 80,000 06/86 92.27 2 819 N 1196 64 103,000 95,200 92.42 1 82t Y GUP 144 1262 69 97,500 90,500 92.44 N 1204 54 64,�J00 59,200 92.50 3/28/94 CITY OF fRIDLEY RESIDENTIAL SALES DATA fOR 1993 OVERALL-SALES C B EXTRA SALE L M GARAGE B A T H MO STREET ADDRESS PIN NUMBER S BASE T AREATYPE 1 2 3 -- ----------------------- ----------- - - ---- - -------- ------- 3'1490 64 AVE 13-42- 27 EE 7 1 528 D 7 5370 7 ST 23-34- 73 RB 27 1 T 7 7601 ALDEN uAY 10-12- 68 RB 24 1 440 A 3 11 6441 RIVERVEIU TER 15-42- 79 SL 24 1 648 A 3 1 6340 oUINCY 14-41- 16 RB 27 2 440 D 10 6200 STINSON BLVO 13-44- 64 SF 21 1 440 A 3 4 8065 RIVERVIEU TER 3-32- 73 EA 27 1 440 D 3 b 1358 SKY�10oD LN 24-34- 48 RB 27 1 440 D 2 4 7328 HAYES 12-13- 22 RB 27 1 400 D? 3 556 67 AVE 14-13- 49 RB 27 1 480 D 3 5 1412 NORTH INNSBRUCK DR 24-42- 52 RB 1 2 685 A 2 3 1 6862 Monroe 14-11- 62 RB 27 2 400 D 2 9 5843 CENTRAL AVE 24-23- 27 RB 27 2 T 4 7516 ARTHUR ST 12-12- 28 RB 27 7 608 A 3 3 458 RICE CREEK TER 14-24- 75 SL 24 1 T 1 7 6030 3 ST 23-22- 22 RB 27 1 264 A 3 465 MISSISSIPPI ST 14-24- 2 RB 27 1 400 A 3 3 6711-15 MAIN ST 14-23- 25 DU 45 2 616 D 2 2 3 1437 76 AVE 12-12- 108 RB 6 1 528 A 3 3 4 6473 ASNTON AVE 15-41- 16 EA 7 1 1064 D 1 2 1667 73 AVE NE 12-14- 13 RB 27 1 864 D 2 1385 64 AVE 13-42- 16 EA 7 1 672 D 3 6726 7 ST 14-24- 94 SL 27 1 294 A 3 10 7320 EVERT CT NE 12-13- 53 DE 47 968 A 8 7535 LAKESIDE RO 12-11- 45 SF 6 1 734 A 3 7 7121 RiVERVIEU TER 10-42- 46 SL 6 1 57b A 3 4 120 SYLVAN LN 15-41- 54 RB 27 1 308 D 2 7 895 76 AVE 11-11- 55 RB 27 1 918 A 2 5209 lINCOLN ST 25-21- 63 SL 6 1 T 2 4 295 HUGO ST 3-24- 93 SF 6 1 480 A 3 9 420 57 PL 23-24- 91 RB 27 1 280 A 7 7350 MELODY LANE 11-24- 99 RB 27 1 484 A 3 5 160 CROUN RD 23-33- 10 RB 27 1 528 D 3 6 7559 LAKESIDE RD 12-11- 15 SL 6 1 480 A 3 7 7527 VAN BUREN ST 11-11- 79 RB 6 1 484 A 3 4 22 RICE CREEK NAY 15-11- 16 SF 6 1 T 3 11 5630 6 S7 23-31- 14 RB 27 2 396 D 4 549 fAIRMONT ST 3-23- 93 EA 27 1 264 A 3 3 1425 MEADOUMOOR 12-12- 67 SF 27 1 308 A 3 1 6180 STARLITE BLVD 15-44- 64 Sf 6 i 525 A 10 936 68 AVE 13-23- 46 RB 27 1 286 A 2 10 6502 HICKORY ST 15-13- 37 RB 06 1 624 A 3 1 7548 MCKINLEY ST 12-11- 20 SF 6 1 522 A 4 6501 MAIN ST 14-23- 4 RB 27 1 520 D 3 8 1401 MEADOtiJM00R DR 12-12- 69 SF 27 1 308 A 3 5 6100 STAR IANE 14-33- 11 DB 49 1 528 D 6 304 IRONTON 3-24- 71 RB 2i 1 960 A 3 3 12 226 69 AVE 14-22- 13 RB 27 2 352 A 5 119 CRAIG WAY 10-12- 45 RB 24 1 484 A 3 3 S 7388 SYMPHONY 11-24- 78 SP 6 1 528 A 3 9 1530 RICE CREEK RD 13-44- 108 SF 21 1 514 A 3 Page 4 A F BAS 1 FLOOR Y SALE PREV P FIN R PCH DECK AREA B PRICE EMV SALE RATIO - ---- - ---- ---- ----- -- ------- ------ ----- ------- N 780 50 68,400 63,300 92.54 2 576 N 1053 62 73,250 67,800 01/87 92.55 2 420 Y POSL 1198 61 98,000 90,700 92.55 2 1014 Y POSL 120 1368 75 129,900 120,300 10/90 92.60 360 N 926 59 75,000 69,500 92.66 1 880 Y POSL 1008 7Z 108,000 100,200 0191 92.77 Y 306 782 48 77,000 71,600 08/89 92.98 1 Y 1600 64 99,900 92,900 92.99 533 Y 960 60 76,500 71,200 12/86 93.07 Y GFP 10b7 83,500 77,800 93.1T 3 2037 Y 144 1658 75 200,000 186,400 93.20 1 474 Y 1025 59 80,000 74,600 93.25 1 274 Y 222 1404 63 91,900 85,700 93.25 823 Y 1004 63 87,000 81,200 93.33 2 682 Y 1200 56 101,200 94,600 06/86 93.47 675 Y GUP 962 57 75,400 70,500 06/89 93.50 2 800 N PCH 1171 50 83,500 78,100 01/90 93.53 2 499 Y 1204 68 117,500 109,900 09/85 93.53 1 1176 Y POSL 84 1456 75 113,000 105,800 06/90 93.62 210 N 200 978 35 69,900 65,500 93.70 147 Y 120 1104 62 86,500 81,100 05/88 93.75 31� Y 572 42 76,300 71,600 10/91 93.84 484 Y GFP - 1100 58 87,000 81,700 93.90 Y 120 1716 80 120,000 112,700 0180 93.91 1 520 Y POSL 324 1168 74 104,000 97,800 06/89 94.03 1 N 192 1104 74 117,500 110,500 08/83 94.04 1 332 Y 1019 56 79,000 74,300 94.05 1 T 1008 50 76,000 71,600 02/83 94.21 2 216 Y 1147 62 97,000 91,500 08/78 94.32 698 Y 960 76 92,000 86,800 01/91 94.34 520 Y SCP 920 72 83,500 78,800 09/82 94 37 705 Y PoSL 1210 63 89,000 84,000 12/82 94.38 470 Y 252 1104 56 80,000 75,700 04/82 94.62 1 60 Y 192 1032 77 106,000 100,300 O1/77 94.62 1 480 Y POSL 224 1572 72 109,000 103,300 94.77 1 459 Y GFP 1631 66 115,000 109,000 06/79 94.78 N 750 58 67,000 63,700 95.07 120 N 216 936 62 82,000 78,000 05/87 95.12 245 N 217 768 73 76,000 72,500 08/90 95.39 786 Y 88 1068 79 89,000 85,000 06/86 95.50 100 Y 1092 63 80,900 77,300 95.55 1 770 Y 156 1480 76 109,000 104,200 0485 95.59 Y 72 990 76 8b,000 82,300 08/75 95.69 660 Y 1008 51 76,000 72,900 05/86 95.92 401 N 100 768 73 76,500 73,400 03/79 95.94 N 1452 64 85,000 81,700 96.11 1 778 Y GfP 120 1072 63 93,900 90,300 9b.16 Y 1113 61 78,500 75,500 96.17 2 720 N GFP 1344 61 94,000 90,500 96.27 1 672 Y 1270 78 100,000 96,600 02/85 96.60 1 797 Y POSL 120 1117 78 118,000 114,300 0178 96.86 3/28/94 CITY OF FRIDLEY Page RESIDENTIAL SALES DATA FOR 1993 OVERALL-SALES C B EXTRA A � SALE L M GARAGE B A T H F BAS 1 FLOOR Y SALE PREV MO STREET ADDRESS PIN NUMBER S BASE T AREATYPE 1 2 3 P FIN R PCH DECK AREA B PRICE EMV SALE RATIO -- ----------------------- ----------- - - ---- - -------- ------- 9 1175 NORTON 12-31- 14 RS 27 0 273 D 1 572 KTMBALL 3-23- 14 RB 27 1 352 D 7 5851 uEST MOORE LAKE DR 23-14- b RB 27 1 580 A 3 9 132 STONYBROOK WAY 10-12- 77 CB 24 1 660 A 3 4 7394 MEMORY IANE 11-14- 33 RB 27 1 420 A 3 1 359 b6TH AVE 14-24- 23 RS 8 0 300 A 5 4110 MAIN ST 34-14- 3 SL 27 1 676 A 2 3 2 1362 76 AVE 12-12- 118 SF 6 1 524 A 3 3 9 7570 VAN BUREN ST 11-11- 66 EA 27 1 33b D 3 7 6500 LUCIA LN 13-24- 107 SL 27 1 840 A 3 3 6 1579 FERNOALE AVE 24-11- 83 RB 27 1 484 A 10 411 MISSISSIPPI ST 14-24- 5 EA 7 1 44Q D 2 1080 GARDENA AVE 24-24- 94 R6 27 1 308 A 2 3 7470 ABLE ST 11-14- 57 RB 27 1 T 2 6648 CHANNEL RD 13-24- 35 EA 7 1 360 A 4 5973 4 ST 23-21- 14 SL 27 1 7 3 4 6170 TRINITY DR 15-44- 45 RB 27 1 2 8 6461 7 ST 14-42- 126 RB 27 1 968 A 3 1 1565 61 AVE 13-44- 84 EA 5 1 528 A 3 8 101 VENTURA 23-33- 43 SP 6 1 564 A 2 1 1348 76 AVE 12-12- 119 SF 6 1 576 A 7 190 IRONTON 3-13- 8 RB 27 1 572 0 3 6 8012 RUTH ST 3-31- 3 SF 6 1 576 A 3 3 6020 BENJAMIN ST 24-11- 78 RB 27 1 528 D 5 71- 63 1/2 WAY 15-41- 30 RB 8 1 8 1564 OSBORNE RD 12-11- 89 SF 6 1 440 A 2 3 3 4717 2 1/2 ST 26-32- 102 RB 7 1 240 D 8 5251 TAYLOR ST 25-22- 29 SF 24 1 T 3 9 172 GIBRALTAR RD 26-23- 39 EA 2 780 0 7 7421 VAN BUREN 11-14- 81 SP 6 1 536 A 3 5 1363 53 AVE 24-34- 56 RB 6 1 308 A 2 4 5349 HORIZON DR 23-33- 5T EA 27 0 528 D 10 680 63 AVE 14-42- 108 RB 27 2 352 D 4 6053 �lOODY LN 24-21- 46 RB 27 1 T 1 3 560 IRONTON 3-23- 61 RC 33 0 440 D 10 6802 HICKORY ST 15-12- 11 RB 27 1 322 A 1 7 7126 RIVERNOOD DR 10-42- 65 SL 4 1 528 A 3 1 9 529 54 AVE 23-43- 23 RB 27 1 2 5859 CENTRAL AVE 24-23- 29 RB 6 1 T 2 5 5908 5 ST 23-24- 8 EA 27 1 528 D 3 2 7421 JACKSON 11-14- 9 RB 27 1 484 A 2 141 79 41AY 3-42- 17 SF 6 1 484 A 3 2 7349/51 UNIVERSITY AVE 11-24- 93 DB 49 2 8 594 GLENCOE ST 3-23- 98 RB 27 1 576 D 1 S 6377 VAN BUREN 14-41- 111 RB 30 1 400 A 1 9 5925 MAIN ST 23-22- 80 RB 30 1 576 D 1 5 7396-98 SYMPHONY 11-24- 138 DB 47 1 T 9 7331 VAN BUREN 11-14- 74 EA 27 1 484 D 3 3 5251 BUCHANAN ST 25-21- 58 RB b 1 420 A 3 7 5336 ALTURA RD 23-33- 82 EA 27 1 384 A 2 9 b000 2 ST 23-22- 59 RC 9 0 240 A - ---- - ---- ---- ----- -- ------- ------ ----- ------- N 144 Y 428 N GFP 263 N POSL 247 Y N POWD 280 Y 576 Y POSI 320 710 Y 1 818 Y N 2 309 Y POSL Y 500 Y POL�D 598 Y 370 Y 1 606 N 435 Y 1 615 Y 1 792 Y 2 900 Y GFP 384 N N 2 � � } 2 e 618 N POSL 91 N 301 Y 330 694 Y 520 Y POSL N 432 Y 382 Y GFP N POSL N GFP 588 Y 402 N 264 Y GFP 500 Y 230 N 664 N POSL N 764 Y 362 Y GFP 308 N Y 264 Y 526 N POSL 110 Y N 110 328 168 90 144 100 144 496 90 81 112 192 128 146 792 54 56,000 54,300 Q489 1013 64 69,000 67,000 03/89 988 56 87,000 84,500 882 64 99,000 96,300 1242 65 99,000 96,400 09/85 868 52 58,400 56,900 1144 66 91,500 89,•200 1348 81 109,500 106,800 01/84 816 52 72,950 7i,200 0388 1324 88 132,900 129,900 1248 79 107,000 104,600 896 48 77,000 75,400 1010 57 74,000 72,600 1008 71,OOU 69,700 624 37 68,000 66,900 1127 61 78,000 76,800 01/79 1102 58 69,900 68,900 1344 T3 100,000 98,900 1064 78 108,000 106,900 1072 78 90,050 89,300 992 81 96,500 95,900 07/80 1144 73 86,000 85,600 1089 78 101,000 100,800 07/92 1109 64 78,000 77,900 08/82 918 42 45,000 45,000 1022 85 92,500 92,SQ0 07/85 732 48 58,000 58,500 1375 69 103,000 104,100 04/86 768 55 68,900 69,600 0187 996 72 87,500 88,700 1129 60 83,000 84,700 960 59 72,000 73,700 996 58 69,000 70,600 1118 55 84,000 86,700 1000 50 57,000 59,000 1050 54 75,000 77,800 1200 86 123,200 128,400 09/86 1052 60 66,000 68,800 1329 59 81,000 84,500 09/82 1066 63 86,000 90,000 01/87 13b2 71 86,000 90,200 OS/91 1051 81 85,900 90,500 06/83 1664 64 74,000 78,000 1014 66 67,000 71,200 768 50 60,000 63,800 822 49 55,500 59,000 15b0 85 107,000 115,500 960 54 78,500 85,200 1320 62 88,000 95,600 10/91 892 56 73,900 80,400 640 48 40,000 43,700 11/92 96.96 97.10 97.12 97.27 97.37 97.43 97.48 97.53 97.60 97.74 97.75 97.92 98.10 98.16 98.38 98.46 98.56 98.90 98.98 99.16 99.37 99.53 99.80 99.87 100.00 100.30 100.80 101.00 101.00 101.30 102.00 102.30 102.30 103.20 103.50 103.70 104.20 104.20. 104.30 104.60 104.80 105.30 105.40 106.20 106.30 106.30 10T.90 108.50 108.60 108.70 109.20 5 3/28/94 CITY OF FRIDLEY RESIDENTIAL SAIES DATA FOR 1993 OVERAIL-SALES Page 6 C B ' EXTRA A SALE L M GARAGE B A T H F BAS I FLOOR Y SALE PREV MO STREET ADDRESS PIN NUMBER S BASE T AREATYPE 1 2 3 P FIN R PCH DECK AREA B PRICE EMV SALE RATIO -- ----------•------------ ----------- - - ---- - -------- ------- - ---- - ---- ---- ----- -- ------- ------ ----- ------- 4 4761 MAIN ST 26-32- T3 RB 7 1 528 D Y 1008 56 61,900 68,000 11/85 109.80 6 5301 4 ST 23-34- 49 RB 27 1 308 D N 952 58 57,027 64,700 03/84 113.40 8 6691 ARTHUR ST 13-14- 123 Sf 6 1 T 277 Y 200 936 81 82,000 94,500 08/83 115.20 12 725 KIMBALL 3-23- 116 RB O8 2 444 D N 552 48 42,000 49,100 116.90 9 300 LI8ER7Y 3-31- 122 RB 6 1 576 A 3 N GUP 7674 79 88,000 104,200 02/87 118.40 4 5835 2 ST 23-23- 87 RB 7 1 528 D N 920 47 51,200 63,100 07/86 123.20 4 434 LIBERTY ST 3-31- 77 RS 8 0 N POSL 776 48 28,000 53,400 190.70 TOTAL PRICE _ TOTAI EMV = TOTAL RATIO = TOTAL BUILT = TOTAL AREA = NUMBER SALES = 24,154,640 AVG PRICE = 92,193.28 21,919,700 AVG EMV = 83,662.98 24116.7300 AVG RA710 = 92.04858779 16309 AVG BUILT = 62.73 287466 AVG AREA = 1097.20 259 COD BY MEAN = 2316.39876992 I . � � I 3/28/94 CITY Of FRIDLEY RESIDENTIAL SALES DATA FOR 1993 OVERALL-SALES C B EXTRA SALE L M GARAGE 8 A T H MO S7REET ADDRESS PIN NUMBER S BASE T AREATYPE 1 2. 3 -- ----------------------- ----------- - - ---- - -------- ------- 5 1518 BOHNNOP JCT 24-41- 30 T2 6 1 308 0 2 3 6 5506 uEST BAVARIAN PASS 24-44- 11 T2 b 1 308 A 3 2 3 5479 EAST BRENNER PASS 24-44- 193 TE 5 1 220 D 3 8 1506 BOHNHOF JCT 24-41- 33 T2 6 1 440 D 2 3 5656 WEST BAVARIAN PASS 24-41- 164 TF 24 1 368 A 3 8 5465 EAST BRENNER PASS 24-44- 205 TE OS 1 220 D 3 2 4 5518 MEISTER RD 24-44- 14 T2 6 1 440 A 3 3 9 5576 EAST BAVARIAN PASS 24-41- 115 TE 24 1 264 D 2 3 5582 EAST BAVARIAN PASS 24-41- 113 TE 24 1 264 D 3 6 5695 41EST BAVARIAN PASS 24-41- 200 TF 5 1 484 A 3 2 5467 EAST BRENNER PASS 24-44- 200 T2 5 220 D 2 5 1601 N INNSBRUCK DR 349 24-47- 480 CO 7 0 200 0 5 6556 CENTRAL AVE 73-24- 93 T2 5 1 252 D 3 2 1641 EAST BRENNER PASS 24-44= 125 TE 5 1 220 0 3 2 7 1601 N INNSBRUCK DR 123 24-41- 282 CO 7 200 D 3 1546 NORTN OBERLIN CIR 24-41- 39 T2 6 1 308 D 3 5 5565 EAST OBERLIN CIR 24-41- 43 Tf 6 1 440 A 3 4 5506 EAST BAVARIAN PASS 24-44- 42 TF 24 1 528 D 2 8 5566 MEISTER RD 24-41- 56 T2 6 1 440 A 2 3 4 55T7 EAST BAVARIAN PASS 24-41- 85 TE 24 1 264 D 2 9 5509 EAST BAVARIAN PASS 24-44- 33 TF 24 1 264 D 2 3 5585 E OBERLIN CIR 24-41- 4 TF 6 1 308 D 2 5 5511 EAST BAVARIAN PASS 24-44- 34 TF 24 1 264 D 2 10 5533 EAST BAYARIAN PASS 24-41- 96 TE 24 2 288 D 2 4 1557 SOUTH OBERLIN CIR 24-41- 76 T2 6 1 308 D 2 7 5652 UEST BAVARIAN PASS 24-41- 166 TP 5 1 484 A 3 10 5427 UEST BRENNER PASS 24-44- 145 T2 05 1 220 D 2 12 5514 EAST BAVARIAN PASS 24-44- 46 TF 24 2 264 D 2 4 5588 fILLMORE ST 24-32- 71 7F 27 1 484 0 5 6520 2 ST 14-23- 89 TF 27 1 297 D 4 5504 EAST 9AVARtAN PASS 24-44- 40 TF 24 1 220 D 3 3 5429 EAS7 BRENNER PASS 24-44- 247 T2 5 1 22D D 3 8 5614 41EST BAVARIAN PASS 24-41- 189 TF 5 1 484 A 3 2 5620 uEST BAVARIAN PASS 24-41- 255 TF 24 1 368 A 3 11 5505 EAST BAVARfAN PASS 24-�4- 3b TF 24 2 528 D 2 10 5523 EAST OBERLIN CIR 24-41- 71 T2 6 1 308 A 2 2 8 1514 TRAPP CT 24-41- 182 TF OS 1 484 A 2 TOTAL PRICE = 2,625,400 TOTAL EMV = 2,422,100 TOTAL RATIO = 3431.3600 TOTAL BUILT = 2856 TOTAL AREA = 24212 NUMBER SALES = 37 �( �.�..h.o �.�--� / � Page 1 A' F BAS I FLOOR Y SALE PREV P F1N R PCN DECK AREA 8 PRICE EMV SALE RATIO - ---- - ---- ---- ----- -- ------- ------ ----- ------= 312 Y 75 620 73 89,900 70,100 12/72 77.97 200 Y 125 620 73 89,000 70,300 78.98 1 Y 504 84 66,000 52,400 03/91 79.39 320 Y 70 620 73 89,000 71,300 05/88 80.11 1 392 Y 112 984 79 98,000 80,800 O6/78 82.44 1 416 Y 504 84 66,976 57,700 0491 86.15 1 340 Y 140 744 74 89,900 78,100 01/90 86.87 1 503 Y 601 74 77,000 66,900 0383 86.88 1 503 Y 601 74 77,500 68,000 01/79 87.74 1 570 Y 798 78 79,900 71,700 89.73 1 Y 15 504 84 73,100 65,700 04/87 89.87 N 780 74 45,000 G0,700 06/90 90.44 210 POSL 416 62 50,500 45,800 90.69 1 332 N 504 80 61,145 55,500 07/90 90.76 N 620 74 37,589 34,200 04/86 90.98 42 Y 620 T3 73,900 67,400 07/75 91.20 1 522 Y 60 620 T4 68,000 62,600 02/86 92.05 1 388 Y 656 82 76,000 70,100 OS/91 92.23 1 S17 Y 140 744 74 85,000 79,400 08/92 93.41 1 503 Y 601 74 71,900 67,300 04/88 93.60 1 386 Y 285 656 79 T0,000 b5,900 01/87 94.14 522 Y 620 73 63,000 59,700 08/90 94.76 1 386 Y 48 656 79 68,900 65,300 94.77 1 503 Y 601 74 71,500 68,200 0783 95.38 332 Y 60 620 74 72,000 68,700 95.41 1 570 Y 798 79 74,500 72,400 07/77 97.18 1 272 Y 96 504 80 65,500 63,700 U986 97.25 1 388 Y 72 656 79 66,990 65,400 97.62 278 N 90 836 86 73,000 71,600 04>86 98.08 237 Y 72 592 78 52,500 52,000 99.04 1 388 Y 656 82 66,900 66,300 02/91 99.10 1 Y 15 504 84 66,000 65,T00 05/89 99.54 1 538 Y 796 79 71,900 72,100 11/91 100.20 2 529 Y 112 984 80 81,500 83,200 102.00 1 386 Y 48 656 80 67,900 69,800 0188 102.70 Y 60 620 74 66,000 69,500 07/74 105.30 1 510 Y 796 79 62,000 66,600 107.40 AVG PRICE = 70,956.76 AVG EMV = 65,462.16 AVG RATIO = 92.73945946 AVG BUiLT = 77.19 AVG AREA = 654.38 COD BY MEAN = 2522.29436725 r' TAX CAPACITY RATES for payabie 1994 Rates by Unit of Govemment #11 #13 #14 #16 NSHD Transit Met Coun 57.161 69.161 60.84 53.355 32.68 16.005 0.421 3J83 0.437 0.371 � % change —10.3% 1.5% Voter EMV x Approved —0.9% 0.0010425 Referenda Levy —9.4% ' —0.3% Total 48.685 ' 4.0% 4.5% 0.2% Total 5.012 —2.5% —0.8% _...... ... .._...._....... RCV1/S < ..........:::;:Q.6�4: 0.419 —34.9% 6 Cities < _ .:.::.<D.Q2�:: 0.021 —4.5% Voc 916 ;..:;.�..'�Oi:;: 1.428 —16.0% : LRT ' O 0.000 0.0% C& I Fiscal Disparities Formula: Tax Capacity X 0.707693 X total tax capacity rate = Partial Tax Plus: Tax Capacity X 0.292307 X 133.229 (area wide) = Total Tax , {' � � L1J w Z < � < < l � i i rn rn a n � � 0 w � � w � � Q � � T a a N � � � � W � � � � � a � co U w � � U � � � y � � W � � N ��p O O O O O�p O O � C �t CM7 � ti � (D � h ��0 CV CV (`7 N CV N C7 (D N t V � > 8 � � ° � g � � ° � W� � � � � � � � � g � �� _ � c� o 0 0 0 � o � � � U V~ {� in � c�n � � � c�n_ � m �+rj pj lL') c7 ch C7 C7 ch C7 � N � � c0 0 0 � o 0 0 0 0 0 � Z F-- � c� $ r�i t00D '�V' � c`� rn� 0 0 0 0 0 0 0 0 0� I 1 I I I I � �� o 0 0 0 0 � � o op � �� N ti N N � c�7 N N� �� O O O O O O O O O� ••- � � U F— Z � « �� > � � U � N � Z F�- �W � � � �> o � r + � 0 � O W � � 00 l� N � � (O � ��`, � J � � � � � c� � i� i� �X � � OQ O N N � l� l� (C Q � � � � � � � � � � � � � � � o � � � �� .- r- N N � r .- N �� N g '�7 N °s C� N � C~7 CO � � � � � r <-A EA � EA � � � � � � � � � ln l� QO N � � � � � � � � � � (p � � � ln N I� �,j T N p�j � N N N (�D l� N � N C7 •- � N � � � � � � � � � � 00 (U O l�!) O O O N tt� r- N � .- N N � � � N � ° 8 ° � � � � � � � � � � `� � � � � � � � � � � � � � � � � � � � � � � �t' 'ct �t � M T d' � C'� .-- •- � �p � C�7 tD l� � tn cND tn I I I I I I I I i N (h M N � N (V .- � r- (h � N N � � M O � C7 ln �t' Il) � .- N � .- N � � m � Z � Q > � ��Mo��p� � � N � O N V � O O +- � � � � d' � � o o � a � V � O $ O N o cri v ri c•i p � � T � �� O•- � �- ,-- g O F-I O � � � .-. � o = _ _ � a� � � � � m �� m ��. � � � c�nc�n()Ui j �0000 ° 0 0 0 0 o Q � O O O O � U��t�i> v � �' °� � a° o� t�n U d' � �D t� O C7 C7 CV CV � O T r' T�� O LL � N � tf� � tn � � � N N O p� .- � .- O O a � � � � � � _ � - � � U U U U � � ¢ cn ai cn � � r � M � Q F- 1--' 1- 1"' � (n (A fn fn > U��OLI� � X Z J J J J Q- QO0000 °� � � O O = � � �Uc��l��> 0 AVERAGE HOME, CITY TAX STUDY School Dist_ #14 - 8 Cities Watershed 14-33-0080 MARKET VALUE Yaar Irlarket Poresnt Payable Value Change 1989 68,000 N/A 1990 71.600 5.2996 1 g91 72,800 1.68% 1992 73,100 0.41% 1993 75,200 2.87% 1994 75,000 -0.27% 1995 76,800 2.40% TAXABLE VALUE TAX RATES TAX LEVY City Total Tax Porcent Taz Cap. Percent Tax Cap PerceM Total Psrcent Psrc�� City PKCeM Capacity Change Rate Change Rate Change Net Tax Change To City Net Taz Chang• 880 N/A 0.12492 N/A 0.99622 N/A 877.43 N/A 12.5% 84.�5 N/A 752 10.59% 0.14995 20.04% 0.91116 -8.54% B85.19 1.1% 18.5% 712.76 32.7% 776 3.19% 0.15832 5.58% 1.01368 11.25% 786.62 14.8% 15.896 122.86 9.0% 742 -4.38% 0.15453 -2,39% 1.11211 9.71% 825.19 4.9% 13.996 114.88 -8.796 784 5.66% 0.15390 -0.41% 1.14599 3.05% 977.59 18.5% 13.4% 120.88 5.2% 780 -0.51 % 0.16005 4.0096 1.14558 -0.04% ` 971.74 -0.896 14.096 124.84 3.5% "tax does NOT include Waste Management Fee Tax Capacity - Formula Historv 1 st Q Bal. @ 1989 68,000 1.0096 2.5096 1 fl90 88,000 1.00% 2.0096 1991 88,000 i.0096 2.0096 1992 72.000 1.0096 2.00% 1993 72,000 1.0096 2.0096 1994 72,000 1.0096 2.0096 Tax Capacity Rate - History Ci r Countv Schod Other 0.12492 0.27425 0.55193 0.04512 0.14995 0.28846 0.43158 0.04117 0.15832 0.31400 Q.49727 �.04409 0.15453 0.32990 0.58025 0.04743 0.15390 0.32779 0.61406 0.05024 0.16005 0.32680 0.60840 0.05033 Total Voter approved rrferenda factor 0.99622 0.91118 1.01388 1.11211 1.14599 0.0010523 1.14558 0.0010425 COFMcMO TO: �Viiiiam Bums, City Manager Rick Pribyl, Finance Director FROM: Leon Madsen, City Assessor SUBJECT: 1994 pay 1995 Assessment DATE: February 12, 1994 This is to apprise you and the members of the Councii, sitting as the Board of Review, of the procedures used to accompiish this year's assessment. The Board of Review meeting is scheduled for 7:30 PM, April 18, 1994. RESIDENTIAL A study of 221 sales, that took place during 1993, has indicated that our sales ratio (sale values compared to our EMVs) has slipped to approx. 92% of market value. This is an experience that has been found somewhat consistantly thruout Anoka County. The best explaination is that the continued low mortgage interest rates has spured home safe p�ices to higher tevels over the past year. Since the Anoka County Assessor has established a target ratio of 94% to 95°� for all County jurisdictions, it was necessary to increase our values accordingly. To bring Fridtey residential values within the target ratio, the County has adjusted the computer appraisal program to increase base structure values by 4.5%, exclusive of flat costs such as extra baths, fireplaces, decks, etc. Depreciation was increased by 1% causing a net 3.5% increase on base structure values. Additionally, land values were generally increased an average of 1.5%. Certain areas, within the City, were adjusted at somewhat difFerent rates. One of these areas is the homes that borde� heavily traveifed roads and railroads. A study of 24 1993 sales, of homes in this catagory, had a ratio of 87.39'0. This, contrasted with the overall ratio of 929'0, indicated that these vafues required a greater overall increase. Since approx. 1980, these properties have been vafued at a lower rate, on the premise that the traffic and noise of these locatfons would be expected to cause a negative reaction by the buying public. Apparently, looking at the current ratio, this is not true of actual experience. Therefore, the land and structure values were increased appropriately to accomplish a rati of between 94°� and 95°h. !n summary, our ratio of 929'0, beTore any adjustments, has been brought to 94.2°� with adjustments, for an average increase of 2.2°h for the average home. The properties bardering heavily travelled roads and railroads wi11 increase approx. 7.59�0. Any increases, beyond these, would most likely be due to new construction. It may be noted here that the "limited market value la�nr" provides that the EMV may not increase more than 10%, from payable 1994 to 1995, exclusive of new construction. COM MERCIAL—INDUSTRIAL 3he market for these properties continues to be extremely erratic. We have made no changes in the overall assessment of this group. The large number of tax couR petitions does, however, tend to cause a defacto revaluation of a large �umber of parcels, annually. The majority of these cases are of properties experiencing financial difficulties of various kinds, therefore, our actions on these are not necessarily indicative of the general overall market. THE'THIS—OLD—HOUSE' LAW This law, enacted for the pay 1994 asses5ment, provides for the 10 year deferment of taxes for new construction at the rate of 509�o for homes over 35 years of age, and 100% for those over 70 years. This year, 15 homes were found to qualify for this provision. We have notified these homeowners and they are to apply to us for the deferrment.