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<br />door this year that are in the area scheduled for appraisal. Ms. Disrude noted a sale on the comer
<br />of Alpine and Germanium for $224,900. The homes are two-level homes with stucco, hardwood
<br />floors, rounded corners n sheetrock, etc. The process we use is we have to look at sales from a
<br />certain timeframe. The home that sold for $224,900 was on the market 300 days. The price was
<br />dropped $10,000 and the owner paid some closing costs. There is another home there on the
<br />market now and that sale will be used for January 2008. The end units make a difference,
<br />walkouts, fire places, etc. The foot prints are the same, but there are added amenities which
<br />makes a difference in value. She added that she thought the range difference was $10,000 to
<br />$15,000.
<br />
<br />Mr. Lewandowski stated he built the townhomes and he owns them. They are nice units but this
<br />market will not accept them for the value on the taxes. He realizes the County is mandated to get
<br />the value as close to the market as possible.
<br />
<br />Mike Sutherland, County Assessor, stated that assessors are basically historians and we are in
<br />market escalating year after year. He added that the assessed value is typically lower than the
<br />market value because they are behind.
<br />
<br />Upon Mr. Lewandowski's question of what his is process - Ms. Disrude replied that when
<br />people get their valuation notices, the Assessing Department encourages them to call. However,
<br />they can also just show up at the Board of Review meeting. However, if they do not come to the
<br />local Board of Review, they miss their chance of coming to the County Board of Review. She
<br />inquired of Mr. Lewandowski what he felt his property value should be.
<br />
<br />Mr. Lewandowski replied in the $170,000's.
<br />
<br />For the record, the properties in question are as follows:
<br />
<br />Fluorine Street NW - 15410, 15412, 15414, 15416, 15418, 15420, 15424, 15426, 15428, 15430,
<br />15434, 15436, 15438, 15440, 15442, 15446, 15448.
<br />
<br />153rd Court NW - 5500,5508,5510,5517,5518,5525,5528,5533,5538, 5541, 5548, 5550,
<br />5554,5555,5560,5566.
<br />
<br />153rd Terrace NW - 5516,5513,5521,5524,5531,5532,5540,5543.
<br />154th Court NW - 5514, 5519, 5526, 5527, 5534, 5537, 5546, 5549.
<br />154th Terrace NW - 5536,5539,5542,5545,5547,5553,5558.
<br />154th Lane NW - 5544, 5552, 5556, 5537, 5561, 5562, 5565, 5569, 5573, 5581, 5584, 5587,
<br />5588,5589,6691,5592,5598,5599.
<br />
<br />John Leone, Anoka County Assessing, stated that the property owners of 27-32-25-42-0003 have
<br />contacted the County and their options are open to go to the County Board.
<br />
<br />Board of Review - April 30, 2007
<br />Page 2 of3
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