HANDOUTS 04-27-2011 - Laserfiche WebLink

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~. _ r~ ~~.~Uu,~~~l~ Dear, Board of Appeal and Equalization, I am unable to attend the Local Board of Appeal and Equalization meeting. I had 1°arge spinal fusion with instrumentation and have had a few complications. Sitting or standing for long periods at the meeting would be difficult. I hope you can accept my letter. My home is located at 19737 Lowell Street NW Elk River. I feel the assessed tax value $200,900 for 2011 is high for my particular property. My home is 24 years old, built in 1987. My tot is 1.98 acres. I have 3 bedrooms, one bath with a basic bath tub and one''/2 bath. No whirlpool or Jacu~i. I do not have a master bath. My property is showing a great deal of depreciation. Other than new furnace, water softener and fireplace updates, most things are either original or older. The windows are original. The trim and woodwork are original and showing a great deal of wear. All exterior doors except one pine door replaced many years ago are painted steel (inside} and are original. All carpet and flooring is original except living room and hall replaced many years ago. All interior paint and wall coverings have not been updated in many years. Lavatory and kitchen faucet fixtures are original and in very poor condition with corrosion. The stave is original, and the other appliances are substantial age. 3/a of the walkout level is finished with cedar walls many years ago, '/ is un-finished (laundry roam) with exposed pipes, ducts and vents on the walls and ceiling and cement floor. '/~ of the underground basement is finished, (no legal windows}, 1/z is unfinished exposed black walls and cement floor. The exterior is the original painted fiber board. I have the original asphalt driveway and it very much needs replacement. My home does show it's age and depreciation, and it lacks valuable amenities and qualities other comparable homes offer. Please compare the enclosed homes that sold between October 1°` 2009 and September 30~' 2010. According to records these properties were not bank or sheriff owned. The first 3 pm~rties sold for close to and one at less than my assessed value, and have a great deal more value to offer. 18028 Kent St. sold for $203,000. It is nearly the same sq ft finished as my property. It has a smaller lot but, is 10 years newer and includes 4 bedrooms, 3 baths including master bath and whirlpool, main floor laundry, 3 car garage, metallvinyUstone exterior, sprinkler system and new siding, roof, carpet and paint. 20068 Ironton St sold for $198,000. It has a smaller lot, but has 226 more sq ft finished, 4 bedrooms, 3 baths including Master bath, vaults, wood floors, new stainless appliances and is 2 years newer. 14014 2018` Ave sold for $210,000. The property is the same age and far surpasses my property in value and amenities and sold at only $9,100 above my assessed value. It ofl'ers, more acreage - 2.330 acres with a pond,172 more sq ft finished, 5 bedrooms, 3 baths, 3 car garage, hot tub, 4 season porch, and new carpet and paint. 21434 Concord St sold for $122,000. It is 8 years older, with a anadditional'/: an acre lot and an additional 112 ft sq foot finished with a master bath. It appears to be a beautiful home. If it is a legitimate comparison, it just exemplifies the decrease in market values. There are some nice homes in my neighborhood. Bnt my home is not of that category or curb appeal. My home is the same as the picture except for the addition of furnace pipes near the front door and several trees removed. I hope that you will assess the value of my property as it is, not upon the value and curb appeal of other nicer homes in my neighborhood. I believe the assessed value of my property is at most $1802000. A properties taxable value shouldn't be more than what it could sell for. Please consider these factors. Thank you very much for your time. atinevu.lr~„ `~2azti-~J ~OGt0?t.F - ?sp 3 - ~f ~,F l - 4 y 7 ~