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Elk River Local BearQll of Appeal and Equalization <br /> El Ik River Year End Summary <br /> 2014 Assessment <br /> Re-assessment <br /> 1,865 properties out of 8,764 parcels were re-assessed,meeting our goals of 20% of the <br /> area. <br /> Residential Statistics 2013 2012 <br /> New Homes 87 37 <br /> Improvement Permits 242 200 <br /> Good Sales 208 137 <br /> Bad Sales 213 243 <br /> Total Sales 421 380 <br /> Beginning Sales Ratio 84.6% 93.0% <br /> Ending Sales Ratio 91.09% 95.41% <br /> Change overall +7.67% 2.59% <br /> Ave Sale Price $205,524 $180,500 <br /> Ave Assessed Value $190,281 $172,400 <br /> State Time Adjustment +8.4% none <br /> Apartment Sales 2 (8,30 unit) 3 (24,54,16 unit) <br /> Residential Land <br /> Bare Land Sales in 2013 =71 <br /> Average sale price= $32,200 <br /> Residential and Ag Buildings <br /> The house and garage schedule was increased to help raise the level of assessment. <br /> Ag house and garage increased with the Residential Building Schedule and Pole <br /> Buildings were individually reviewed and depreciated. <br /> Apartments <br /> Elk River has 39 Apartment projects with 1214 apt units. Granite Shores (formerly Bluff <br /> Block) includes 67 apartment units for this assessment. The value of Evans Meadows <br /> due to the Apartment Fire was lowered for the 16 units that were destroyed. A new 52 <br /> unit apartment building is planned near Elk River Station. Minor changes were made to <br /> other Apartments for new improvements, rents, etc. <br /> fi <br />