24-003545.pdf
Vmg Properties LLC, Petitioner V City Of Lansing, Respondent · 24-003545-TT
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Docket #24-003545 VALUATION DISCLOSURE OF 3017 Aurelius Rd, Lansing, MI PREPARE FOR: MICHIGAN TAX TRIBUNAL PREPARED BY: Teressa Bowers CITY OF LANSING 124 W MICHIGAN AVE 3R0 FLOOR, CITY HALL LANSNG MI 48910
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Docket #24-003545 Michigan Tax Tribunal 611 W Ottawa Street Lansing, MI 48909-8195 RE: 3017 Aurelius Rd, Lansing, MI To Whom It May Concern: The purpose of the examination of this property is to develop an estimate of market value of the fee simple interest of the subject property for tax year 2023. The sales utilized in this report are the most recently closed comparable sales from the subject’s immediate market area. The conditions for all sales were confirmed by an exterior inspection. The sales comparison approach was the determining factor in the subject’s estimated value. It is my opinion that the subject property has a fair market value of $226,000. Sincerely, ad WSS Teressa Bowers, MAAO
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Docket #24-003545 COVEY PAE ssuissssmivsswonasnossss easiness s isos om sFaTRD 3346 F533 4447344 56H EES SAS RT 867 SESE AS0 FASS LS RS ARRAESHS BSH ENSS 1 Letter of Transmittal. Table of Contents Purpose of the Valuation Maps, Diagrams and Photographs... Identification and History of Subject Property. Site Data & Zoning Improvements Highest and Best Use Residential Report Selection of Comparable... Sales Comparison Grid Conclusion of Value by Sales Comparison Approach Assessor Certification Qualifications & License.... AAAOIUAUN....o cco ree covaassossiaisiss sssnssmssnasessonsos doisssiast 545430845 4T67TH T0844 TRRFR AVF HH ASRS FFF STARR SVR RV VERS TN 22
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Docket #24-003545 PURPOSE OF THE VALUATION DISCLOSURE This report was prepared for the purpose of estimating the “as is” market value of the fee simple interest as of December 31%, 2023 INTENDED USER AND USE OF THE VALUATION DISCLOSURE The intended user of this valuation disclosure is for the Michigan Tax Tribunal. DIFINITIONS Definition of Market Value The most probable price which a property should bring in a competitive and open market under all condition’s requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition are the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: e Buyer and seller are typically motived e Both parties are well informed or well advised and act in what they consider their own best interests. e Areasonable time is allowed for exposure to the open market e Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and e Price represents a normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale The above definition is suggested by the Uniform Standards of Professional Appraisal Practice (USPAP) and is the basis of this valuation. Market Value “as-is” is an estimate of market value of the property in the condition observed upon inspection and as it physically and legally exits as of the date of valuation is prepared. Definition of Estate Interest The value estimated is for the fee simple estate. Types of ownership estates are defined as
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Docket #24-003545 Location and Address Neighborhood Name: Robinson Road Subdivision Owners Name: VMG Properties LLC Location: 3017 Aurelius Rd Parcel Number: 33-01-01-26-351-021 Legal Description: LOT 2 SUPERVISORS PLAT OF ROBINSON ROAD SUB Subdivision: Robinson Road Subdivision Property Rights Appraised: X Fee Simple __ Leasehold __ Other Assignment Type: Michigan Tax Tribunal Valuation Disclosure Is property currently for sale: _X No __ Yes date forsale Neighborhood *Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics: Location: X Urban __ Suburban __ Rural Built Up: X 75% _ 25%-75% ___ under 25% Growth: X Stable ___ Slow One Unit Housing Trends: Property Values: __ Increasing _X Stable ___ Declining Supply and Demand: Shortage _X InBalance ___ over Supply Marketing Time: ___Under3 months _X 3-6 months over 6 months Single Family Housing: Price: 139,000SLlow 227,000$High _174,9005Pred. Neighborhood Description: Close to all main services, hospital, schools, and downtown Lansing. The neighborhood is a mixture of single & multi-family dwellings. There is adequate road maintenance, police, and fire protection in the area.
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Docket #24-003545 SITE DATA Is the highest best use of the subject property as improved (or as proposed per plans and specification: the present use? _X Yes __ No (explain) Utilities Public Other (describe) Electricity X Gas X Water X Sanitary Sewer X Off-site Improvements - Public Other (describe) Type Street X Alley Are the utilities and offsite improvements typical for the market area? X_ Yes __ No (Explain) Are there any adverse site conditions or external factors (easements, environmental conditions etc.? Yes _X No lf yes, describe Inspection date: 4/4/24 X Exterior Interior Improvements Design (Style): Multi-Dwelling Year Built: 2023 Effective Age: 1 Foundation: ___Concrete _ Slab _X Full Basement __ Partial Basement ____ under Construction Basement Finish: 299 SF __ outside Entry/Exit __ Sump Pump Evidence of: __ Infestation ___ Dampness __ Settlement
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Docket #24-003545 Exterior Exterior Description Materials/Condition Foundation Walls: Concrete Exterior Walls: Vinyl Roof Surface: Asphalt shingles Gutters & Downspouts: Aluminum Window type: Vinyl Sash Storm Sash/Insulated: Yes Screens: N/A Interior Interior Materials/Condition Floors: Walls: Drywall Trim/Finish: Paint Bath Floor: Bath Wainscot: Attic: X None __ Drop Stair __ Stairs __ Floor __ Scuttle __ Finished __ Heated Heating: X FWA __ HWBB __ Radiant _ Other __ Fuel Cooling: X_ Central Air Conditioning ___ Forced Air w/o Ducts Amenities: __ Woodstove __ Pool _X Porch _ Fence _ Patio/Deck _ Fireplace _ Other Driveway Surface: _ Garage _ #of cars _ Attached Carport Appliances: _ Refrigerator __ Range/Oven _ Dishwasher _ Disposal _ Washer/Dryer Finished above grade contains: Rooms: 10 Bedrooms: 6 Bath(s) 2 full, 2 half Square feet of Gross Living Area Above Grade 2,392 Additional Features: Describe the condition of the property (including needed repairs, deterioration, renovations etc. The home is newly built in very good condition. Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? __ Yes _X No If yes, Describe
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Docket #24-003545 HIGHEST AND BEST USE The site is valued for its highest and best use which may be defined as, “The reasonable and probable use that supports the highest present value of vacant land or improved property, as of the effective date of the valuation.
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wwe remem cams Docket #24-003545 RESIDENTIAL REPORT The Analysis of three separate approaches to value, sales, cost and income approach are considered within appraisals reports, they may not be applicable to each, and every property being appraised. The cost approach is not relevant to this appraisal assignment because the property is a condominium unit, and the market does not recognize replacement cost as a meaningful indicator of value. The income capitalization approach is based on the concept that value is created by the expectations of future benefits and higher earnings should result in higher values. Income producing real estate is purchased for the right to receive future income. The income Capitalization approach consists of methods to analyze a property’s capacity to generate income, and a reversion and convert these monetary benefits into an estimate of value. The income approach was not used since the home in the subject's market area is owner occupied. The Sales Comparison approach is based on the principle of substitution which suggests that, within competitive markets, similar products will realize similar prices. Inherent in this concept is the premise that a purchaser would not pay more for a property than the cost to acquire another property with the same amenities and utility. The Subject is a rental property. Market participants consider Sales Comparison a primary approach for the subject property profile. The final steps in the valuation process are review and reconciliation of the data and conclusions. In reaching a conclusion of value, the entire process involving the approaches that were estimated must be reviewed for accuracy, completeness, and consistency. After analysis, evaluation, and reconciliation of the indications a value is estimated.
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Docket #24-003545 Subject Property
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Sale Price Location View Docket #24-003545 5724 Orchard Court $185,000 Fair Residential Comparable #1
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J ee a Docket #24-003545 Comparable #2 == 5750 Orchard Court Sale Price $185,000 Location Fair View Residential Site 14,042 sf
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Docket #24-003545 5808 Orchard Court Sale Price Location View $185,000 Fair Residential Comparable #3
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EE = sie s Docket #24-003545 Sales Comparison Grid Comparable Analysis Feature SubjectParcel Comparable! Comp. Hl Adjustment Comparable #2 Comp. #2Adjustment Comparable #3 Comp. K3Ad) Pare Numbe| S0L0L265101 305551401 BALBELUL BOB Address] JUTAURELSRD STM Orchard ST Orchard SH Orchard Neghbrhoodoceton bd j 7; Araisle Die ; (is wf 0 ste pa ou 198 View Residential Reidel Residential 0 sera 0 Design Style) toy 29toy; 0 210m 0 28to 0 Qualtyof Construction Vin Vi 0 Vinyl 0 Vi 0 Yer Bu 1m 57 0 19 0 19 0 Condition Very Good fi 3100 ft 3100 fl; 70 Bedroom ; § 0 IH 0 It 0 Bon] nH Rll of oll TRL 0 Sou Fe IE 25: (15%) 145. (15% 8; (534) Basement init) ~~ M9Finshed Unfinished: 145) Uninised: 745) nih; 145 Functional Ul Avetage vege 0 here 0 hege 0 Heating/Cooling Cental ai Nore 150 Nore; 150 Cental Ai 0 Gage None None 0 Nore 0 Nore 0 Porch Pato Deck Porch Port 0 Porc 0 Porch 0 Flood Zone NA Ng 0 A 0 Nk 0 Actual Pie 185000 18500 18500 Neth 0m ws 109 NetAgjsments 118% 54 13% Gross djstnents [ S540 [ 5558 [ Bw Gross Adjustments 051% 05% Vk Aduted ae Price 548 ui 2600 Actual Sale rice /S0.8, piv) Ha 6132
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Docket #24-003545 Conclusion by Sales Comparison Report The subject property was compared to all three sales having similar characteristics with most weight placed on comparable #1 & #2. The sales price supports my conclusion of market value for the subject property. Based on a complete visual inspection of the exterior area of the subject property, my opinion of the market value, as defined, of the real property that is the subject of this report is $226,000.
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Docket #24-003545 ASSESSOR’S CERTIFICATION: The Assessor certifies and agrees that: 1. 1 have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this valuation disclosure report. 2. | performed a complete visual inspection of the interior and exterior areas of the subject property, unless otherwise indicated in this report. | reported the condition of the improvements in factual, specific terms. | identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. | developed my opinion of the market value of real property that is the subject of this report based on the sales comparison approach to value. | have adequate comparable market data to develop a reliable sales comparison approach for this valuation disclosure assignment. | further certify that | considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this valuation disclosure, and the prior sales of the subject property for a minimum of three years prior to the effective date of this valuation disclosure, unless otherwise indicated in this report. 6. | researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sales, unless otherwise indicated in this report. 7. | selected and used comparable sales that are locational, physically, and functionally the most like the subject property. 8. | have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 101. | have knowledge and experience in assessing this type of property in this market area.
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Docket #24-003545 14. | have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 15. | stated in this valuation disclosure report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 16. | have no present or prospective interest in the property that is the subject of this report, and | have no present or prospective personal interest or bias with respect to the participants in the transaction. | did not base, either partially or completely, my analysis and/or opinion of market value in this valuation disclosure report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or any other basis prohibited by law. 17. My employment and/or compensation for performing this valuation disclosure or any future or anticipated valuation disclosure was not conditioned on any agreement or understanding, written or otherwise, that | would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result of occurrence of a specific subsequent event ( such as approval of a pending mortgage loan application). 18. | personally prepared all conclusions and opinions about the real estate that were set forth in this valuation disclosure report. If | relied on significant real property valuation disclosure assistance from any individuals in their performance of this valuation disclosure or the preparation of this valuation disclosure report, | have named such individual(s) and disclosed the specific tasks performed in this valuation disclosure report. | certify that any individual so named is qualified to perform the tasks. | have not authorized anyone to make a change to any item in this valuation disclosure report; therefore, any change made to this valuation disclosure is unauthorized and | will take no responsibility for it.
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Docket #24-003545 Qualifications Teressa Bowers Sr. Residential Appraiser City of Lansing Certification: Michigan Advance Assessing Officer & Certified Personal Property Examiner #9695 Experience: Present - Senior Residential Appraiser for the City of Lansing 1999 —- Administrative Assistant for the City of Lansing 2000 Affiliations: Michigan Assessors Association Other Appraisal related Course Work 2020 State Tax Commission MAAO Program Principal of Appraising Introduction to Appraisal Statistics Land Value Determination Basic Income Commercial and Industrial Real Property Valuation Equalization and Data Collection Basic Property Tax Administration 2019 State Tax Commission MCAO Program Real and Personal Property Appraisal Concepts Land Valuing Determinations
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Docket #24-003545 2019 Michigan Assessors Associations Course New, Loss, Additions, Losses & Adjustments
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Docket #24-003545 SUPERVISORY APPRAISER’S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. | directly supervised the appraiser for this valuation disclosure assignment, have read the valuation disclosure report, and agree with the assessor's analysis, opinions, statements, conclusions, and the assessor’s certification. 2. 1 accept full responsibility for the contents of this valuation disclosure report including, but not limited to, the assessor's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this valuation disclosure report is an employee of the supervisory assessor, is qualified to perform this valuation disclosure, and is acceptable to perform this valuation disclosure under applicable state law. APPRAISER SUPERVISOR APPRAISER (ONLY IF REQUIRED) x Signature Signature Name: Teressa Bowers Name: Company Name: City of Lansing Company Name: Company Address: 124 W Michigan Ave Company Address: Telephone Number: 517-483-4026 Telephone Number: Email Address: Teressa.Bowers@lansingmi.gov Date of Signature and Report Date of Signature and Report 11/13/2024 State Certification # State Certification: R-9695 Effective Date of Appraisal: 04/04/2024 ADDRESS OF PROPERTY APPRAISED 3017 Aurelius Road Lansing, MI 48911 Subject Property [ 1Did not inspect subject property [X ] Did inspect exterior of subject property from street Date of Inspection; 04/04/2024 [ X] Did inspect interior and exterior of subject property Date of Inspection:12/27/2023 COMPARABLE SALE [ ] Did not inspect exterior of comparable sales from street
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= Tm Docket #24-003545 Addendum Record Card of Comparable A street map that shows the location of the subject property and of all comparable that the appraiser used: An exterior building sketch of the improvements that indicates the dimensions. Photographs (either in black and white or color) that show the front, back, and street scene of the subject property, that are appropriately identified. (Photographs must be originals that are produced either by photography or electronic imaging). Photographs (either in black and white or color) that show the front of each comparable sale and that are appropriately identified. Generally, photographs should be originals that are produced by photography or electronic imaging; however, copies of photographs from a multiple listing service or from the appraiser's files are acceptable if they are clear and descriptive. Any other data—as an attachment or addendum to the appraisal report form—that are necessary to provide an adequately supported opinion of market value
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Parcel Number: 33-01-01-26-351-021 Jurisdiction: CITY OF LANSING County: Ingham Pr Grantor Grantee sale sale Inst. Terms of sale Liber Price Date Type & Page GARCIA RAYMUNDO LEE VMG PROPERTIES LLC 0 03/06/2023 wp 21-NOT USED/OTHER 2023 0123 KING FAMILY PROPERTY HOLD GARCIA RAYMUNDO LEE 12,500 11/05/2021 wp 03-ARM'S LENGTH 2022 0026 KORS THOMAS GMH FINANCIAL SOLUTIONS L 9,000 08/12/2020 wp 03-ARM'S LENGTH 2020 0271 INGHAM COUNTY TREASURER ~~ KORS THOMAS 15,500 10/07/2019 QC 06-COURT JUDGEMENT 2019 0343 Property Address Class: RESIDENTIAL-IMPRO Zoning: Building Permit(s) Date 3017 AURELIUS RD School: LANSING PUBLIC SCHOOL DIST Plumbing Permit 09/26/2023 P.R.E. 0% New House/Remodel 09/22/2023 owner's Name/Address MAP #: SP-0280 -0004 Electrical Permit 08/09/2023 081 SOMARTIN LUTHER KING JR BLVD 2024 Est TCV 265,720 TCV/TFA: 111.09 New Building (SFR) 03/22/2023 Lansing, MI 48911-4607 X Improved vacant Land value Estimates for Land Table 62E.62E Public C. * Factors * Improvements Description Frontage Depth Front Depth Rate %A « d FRONTAGE 1 82.50 231.00 1.0000 0.9612 300 L Dirt Roa 83 Actual Front Feet, 0.44 Total Acres Total Tax Description Graves Road X Paved Roa sis 2 SUPERVISORS PLAT OF ROBINSON ROAD X Storm Sewer TA Bescription for permit PP23-1227, Issued 09/26/ : undergroun £1 X Sidewalk work Description for Permit PM23-1939, Issued 09/22/ Comments /Influences X water work Description for Permit PE23-1205, Issued 08/09/ X Sewer work Description for Permit PB23-0191, Issued 03/22/ X Electric a new duplex. Property approved for split. NOTE: New X Gas X Curb X Street Lights Standard Utilities underground Utils. Topography of Site X Level Rolling Low High Landscaped Swamp wooded pond waterfront Ravine be: g- Year Land Building Assessed value value value who when what 2024 11,900 121,000 132,900 TB 12/27/2023 INTER/EXTE 2023 11,900 0 11,900 TB 10/09/2023 INTER/EXTE 2022 8,900 24,800 33,700 JWH 09/26/2023 DATA ENTRY 2021 8,900 22,200 31,100
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Parcel Number: 33-01-01-26-351-021, Land Image AURELIUS RD. 82.5" Land 19057 SF 231 Sketch by Apex [V™ *** Information herein deemed reliable but not guaranteed***
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Residential Building 1 of 1 Building Type Single Family Mobile Home (3) Roof (cont.) Eavestrough Insulation (11) Heating/Cooling X Gas oil Elec. wood coal Steam Town Home 0 Front Overhang Forced Air w/o Ducts X Duplex 0 other overhang Forced Air w/ Ducts A-Frame (4) Interior Forced Hot water X Wood Frame Drywall plaster Electric Baseboard paneled wood T&G Elec. Ceil. Radiant Building style: Trim & Decoration Radiant (in floor) 2 sTY Ex x ord Min ee boy Heat : pace Heater Yoras hemodeTed Size of Closets wall/Floor Furnace Lg x ord small x Forced Heat & Cool part. Sonotruct 90 poors Solid x H.C. Heat Pump Room List ’ BRC ananT (5) Floors No Heating/Cooling Kitchen: Central Air 1st Floor ’ wood Furnace 2nd Floor Other: : Bedrooms other: (12) Electric 0 Amps Service No./qQual. of Fixtures Ex. x ord. Min (1) Exterior (6) ceilings X wood/Shingle Aluminum/vinyl Brick . No. of Elec. outlets (7) Excavation . Many x Ave. Few X Insulation Basement: 598 S.F. (13) Plumbi ? crawl: 0 S.F. Plumbing (2) windows slab: 0 S.F. Average Fixture(s) Many Large eight to Joists: 0.0 13 Fixture Bath X Ave. X Ave. 12 Fixture Bath Few small (8) Basement Softner, Auto wood Sash Conc. Block softner, Manual metal Sash Poured Conc. Solar water Heat vim sash BI Brus reated Woo prec pe ey, Concrete Floor Extra Sink oriz. Slide —— Separate Shower casement (9) Basement Finish ceramic Tile Floor Double Glass Recreation SF Ceramic Tile wains Patio Doors Living SF Ceramic Tub Alcove storms & Screens walkout Doors (B) vent Fan No Floor SF (14) water/sewer (3) Roof 0 walkout Doors (A) X Gable Gambrel ri water ip Mansard (10) Floor support Public sewer Flat shed Joists: pater Wel ; Sc Teboiit Shea Unsupported Len: 1000 Gal. septic shpha ingle cnts.sup: 2000 Gal. septic Chimney: Brick Lump Sum Items: *** Information herein deemed reliable but not guaranteed*** parcel Number: 33-01-01-26-351-021 Pri (15) Built-ins Appliance Allow. Cook Top Dishwasher Garbage Disposal Bath Heater vent Fan Hot Tub Unvented Hood vented Hood Intercom Jacuzzi Tub (15) Fireplaces (16) Porc Interior 1 Story Area Type Interior 2 Story 36 WCP ( 2nd/same Stack 36 WPP Two Sided Exterior 1 Story Exterior 2 Story prefab 1 story prefab 2 Story Heat Circulator Raised Hearth Jacuzzi repl.Tub wood: Stove oveh Direct-vented Ga Microwave Class: CD effec. Age: 0 Standard Range Floor Area: 1196 self clean Range Sauna Total Base New: 268,810 Trash Compactor [Total Depr Cost: 215,048 X Central vacuum Estimated T.C.v.: 241,929 Security System Cost Est. for Res. Bldg: 1 Duplex 2 STY Cls Exterior Units: 2 Interior Units: 0 Roof: 0 (11) Heating System: Forced Heat & Cool Ground Area = 598 SF Floor Area = 1196 SF. Phy/Ab.Phy/Func/Econ/Comb. % Good=100/100/100/80/80 Economic Depreciation because of: NEW IN OLDER AREA Building Areas Stories Exterior Foundation Size 2 Story Siding Basement 598 CL i Total: other Additions/Adjustments Plumbing 2 Fixture Bath 1 Porches wCP (2 story) 36 WPP 36 Totals: Notes: ECF (62E) 1.2 90% Completed => Es
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Parcel Number: 33-01-01-26-351-021 Residential Building 1 of 1 Prin 3017 & 3021 Aurelius Road 23.0' 23.0' 26.0" 26.0" 26.0 26.0" #**% Information herein deemed reliable but not guaranteed®***
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parcel Number: 33-01-05-03-351-481 Jurisdiction: CITY OF LANSING County: Ingham Pri Grantor Grantee sale sale Inst. Terms of sale Liber Price Date Type & Page GOLD STAR INVESTMENTS LLC SHAIA FADI 185,000 06/09/2023 wp 03-ARM'S LENGTH 2023 03043 SHAIA FADI FADI INVESTMENTS LLC 1 06/09/2023 QC 21-NOT USED/OTHER 2023 03043 SEARS MICHAEL & NANCY GOLD STAR INVESTMENTS LLC 112,500 05/24/2022 wo 03-ARM'S LENGTH 2022 02299 SEARS PROPERTIES L L C SEARS MICHAEL & NANCY 0 09/29/2006 QC 21-NOT USED/OTHER L3243-pP110 Property Address Class: RESIDENTIAL-IMPRO Zoning: Building Permit(s) Date 5724 ORCHARD CT School: LANSING PUBLIC SCHOOL DIST ROOFING 07/21/2021 P.R.E. 0% MECHANICAL 12/04/2020 Owner's Name/Address MAP #: P -3075 -0003 MECHANICAL 09/24/2020 os Baar ons: LLG 2024 Est TCV 154,306 TCV/TFA: 61.82 Plumbing Permit 10/23/2017 STERLING HEIGHTS, MI 48310 X Improved vacant Land value Estimates for Land Table 738.738 Public * Factors * Improvements Description Frontage Depth Front Depth Rate %Ad v d FRONTAGE 2 75.00 189.75 1.0000 1.0413 300 1 Co Dirt Roa 75 Actual Front Feet, 0.33 Total Acres Total E Tax Description Gravel Road 2 X Paved Road — 5 LOT 2 ORCHARDVALE X Storm Sewer work Description for Permit PB21-1141, Issued 07/21/2 Comments/Influences X sidewalk asphalt shingles approximately 22sq work Description for Permit PM20-2073, Issued 12/04/2 X water work Description for Permit PM20-1497, Issued 09/24/2 X Sewer work Description for Permit PP17-1220, Issued 10/23/2 X Electric 5726 side Pvc replacement of cast pipe X Gas X Curb X Street Lights Standard utilities underground Utils. Topography of Site Level Rolling Low High Landscaped Swamp wooded pond waterfront Ravine wetland Flood Plain who when what TB 09/10/2021 DATA ENTRY TMG 06/16/1999 DATA ENTER Year Land Building Assessed value value value 2024 11,700 65,500 77,200 2023 11,700 59,400 71,100 2022 10,700 55,100 65,800 2021 10,200 37,900 48,100
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Parcel Number: 33-01-05-03-351-481, Land Image ORCHARD COURT 75 Land 14231 SF LOT2 Sketch by Apex Sketch *** Information herein deemed reliable but not guaranteed***
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Residential Building 1 of 1 parcel Number: 33-01-05-03-351-481 Prin Building Type (3) Roof (cont.) (11) Heating/Cooling (15) Built-ins (15) Fireplaces (16) Porch single Family Eavestrough Gas oil Elec. Appliance Allow. Interior 1 Story Area Type Mobile Home Insulation wood Coal Steam Cook Top Interior 2 Story 104.ccp (1 Town Home 0 Front overhang Forced Air w/o Ducts Di shwasher 2nd/same Stack 16 CPP X Duplex 0 other overhang X Forced Air w/ Ducts 1 Garbage Disposal Two Sided A-Frame 4 ; Forced Hot water Bath Heater Exterior 1 Story (4) Interior : vent Fan ; X wood Frame X Drywall Plaster Electric Baseboard Hot Tub Exterior 2 Story paneled wood T&G Elec. Ceil. Radiant prefab 1 story 5 : «Unvented Hood prefab 2 Story Building style: Trin & Decoration Radiant (in-floor) Vented Hood Heat Circulator 2 sTY Ex x ord Min Electric wall Heat Intercom Raised Tearth yr Built Remodeled _. Space Heater Jacuzzi Tub wood Stove 1967 0 Size of Closets wall/Floor Furnace Jacuzzi repl.Tub Direct-vented Ga CL Lg x ord small Forced Heat & Cool oven ra Pr ets Condition: Average poors solid x H.C. Heat Pump tonand R Effec. Age: 50 Room List i i andard Range : : J (5) Floors No Heating/Cooling self Clean Range [Floor Area: 1248 1st Floor Kitchen: Central Air sauna Total Base New: 267,110 E. 2nd Floor other: wood Furnace Trash Compactor [Total Depr Cost: 133,548 X Redroons other: (12) Electric Central vacuum Estimated T.C.v.: 130,877 £ (6) ceilings 0 Amps Service Security System (1) Exterior 9 - Cost Est. for Res. Bldg: 1 Duplex 2 STY cls X Wwood/Shingle X Drywall No./qQual. of Fixtures Exterior Units: 2 Interior Units: 0 Roof: 0 Aluminum/ vinyl Ex. x ord. Min (11) Heating System: Forced Air w/ Ducts Bric No. of Elec. outlets Ground Area = 624 SF Floor Area = 1248 SF. (7) Excavation phy/Ab.Phy/Func/Econ/Comb. % Good=50/100/100/100/50 . Many x Ave. Few X Insulation Basement: 624 S.F. BifiTding Areas 23 windoss crawl: 0 S.F. (13) Plumbing 9 an Large slab: 0 S.F. Average Fixture(s) stories Exterior Foundation size y : : . 1 3 Fixture Bath story siding Basement 624 X ave, xX ave, eight to Joists: 0.0 13 Fixture Bath er Aggie © Total: Few small (8) Basement softner, Auto other Additions/Adjustments wood Sash Conc. Block softner, Manual Plumbing Metal Sash Poured Conc. Solar water Heat 2 Fixture Bath 1 vinyl sash stone No Plumbing porches Double Hung Treated wood Extra Tol pet ccp (1 story) 104 HoriZ. Slide Concrete Floor Extra Sin CPP 16 - . °% Separate Shower casement (9) Basement Finish ceramic Tile Floor Built-Ins Double Glass Recreation SF Ceramic Tile wains Garbage Disposal 1 Patio Doors Living SF Ceramic Tub Alcove Totals: Storms & Screens walkout Doors (B) vent Fan Notes: otals No Floor SF (14) water/s (3) Roof r/sewer ECF (738) 0.98 0 walkout Doors i F (738) 0.980 X Gable Gambrel © “ Public water Hip mansard (10) Floor Support Public sewer Flat shed Joists: water well 3 Unsupported Len: 1000 Gal. septic X : Ashphalt shingle cnts.Sup: 2000 Gal. Septic Chimney: vinyl Lump Sum Items: **% Information herein deemed reliable but not guaranteed***
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Residential Building 1 of 1 Print Parcel Number: 33-01-05-03-351-481 5724 & 5726 ORCHARD COURT 2 STY BSMT 1248 SF a 2 FAMILYS DUPLEX Sketchy Apex Skaich **% Information herein deemed reliable but not guaranteed***
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Parcel Number: 33-01-05-03-351-441 Jurisdiction: CITY OF LANSING County: Ingham Prin Grantor Grantee Sale sale Inst. Terms of sale Liber Price Date Type & Page GOLD STAR INVESTMENTS LLC SHATIA FADI 185,000 06/23/2023 wp 21-NOT USED/OTHER 2023 032141 SHAIA FADI FADI INVESTMENTS LLC 1 06/23/2023 Qc 21-NOT USED/OTHER 2023 032143 SEARS MICHAEL & NANCY GOLD STAR INVESTMENTS LLC 122,500 05/24/2022 wp 03-ARM'S LENGTH 2022 022993 SEARS PROPERTIES L L C SEARS MICHAEL & NANCY 0 09/29/2006 QC 21-NOT USED/OTHER 13243-pP110 Property Address Class: RESIDENTIAL-IMPRO Zoning: Building permit(s) Date 5750 ORCHARD CT School: LANSING PUBLIC SCHOOL DIST Furnace 02/18/2022 P.R.E. 0% MECHANICAL 12/15/2020 owner's Name/Address MAP #: P -3075 -0012 Plumbing Permit 03/28/2018 CO INVESTMENTS LLC 2024 Est TCV 155,427 TCV/TFA: 62.27 ROOFING 01/13/2005 STERLING HEIGHTS, MI 48310 X Improved vacant Land value Estimates for Land Table 73B.738B Public * Factors * Improvements Description Frontage Depth Front Depth Rate %Ad P d FRONTAGE 2 74.00 189.75 1.0000 1.0413 300 10 ne Dirt Roa 74 Actual Front Feet, 0.32 Total Acres Total Es Tax Description Gravel Road X Paved Road — . LOT 6 ORCHARDVALE X Storm Sewer work Description for Permit PM22-0412, Issued 02/18/2 comments/Influences X Sidewalk work Description for Permit PM20-2152, Issued 12/15/2 work Description for Permit PP18-0370, Issued 03/28/2 X water Tines X Sewer work Description for permit B050032, Issued 01/13/200 X Electric X Gas X Curb X Street Lights Standard Utilities underground Utils. Topography of Site X Level Rolling Low High Landscaped Swamp wooded pond waterfront Ravine wetland cy a Plain Year Land Building Assessed value value value who when what 2024 11,600 66,100 77,700 TB 12/23/2020 DATA ENTER 2023 11,600 45,000 56,600 TMG 06/16/1999 DATA ENTER 2022 10,600 41,700 52,300 2021 10,000 39,200 49,200
Page 32
Parcel Number: 33-01-05-03-351-441, Land Image =X5-<X ORCHARD COURT w Land 14042 SF LOT é Sketch by Apex [V™ *** Information herein deemed reliable but not guaranteed***
Page 33
Residential Building 1 of 1 Building Type Single Family Mobile Home (3) Roof (cont.) Eavestrough Insulation Town Home 0 Front overhang X Duplex 0 other overhang A-Frame (4) Interior X wood Frame X prywall Plaster paneled wood T&G Building style: Trim & Decoration 2 sTY Ex x ord Min all Remodeled Size of Closets Lg x ord Small Condition: Average pgors solid x H.C. Room List Basement (5) Floors 1st Floor Kitchen: 2nd Floor Other: Bedrooms Other: (1) Exterior (6) ceilings X Wood/Shingle X Drywall Aluminum/vinyl Brick (7) Excavation Basement: 624 S.F. Crawl: 0 S.F. slab: 0 s.F. X Insulation (2) windows Many Large . Height J : 0. X Ave. X AVE. eig to Joists: 0.0 Few small (8) Basement wood Sash Conc. Block Metal Sash Poured Conc. vinyl sash Stone Double Hung Treated wood Horiz. Slide Concrete Floor Casement (9) Basement Finish Double Glass Recreation SF Patio Doors Living SF Storms & Screens walkout Doors (B) No Floor SF (3) Roof 0 walkout Doors (A) X Gable Gambrel Hip Mansard (10) Floor Support Flat shed Jorsts: ced L . nsupported Len: X Ashphalt shingle Cnts.sup: Chimney: vinyl parcel Number: (11) Heating/Cooling Gas oil Elec. wood coal Steam Forced Air w/o Ducts Forced Air w/ Ducts Forced Hot water Electric Baseboard Elec. Ceil. Radiant Radiant (in-floor) Electric wall Heat Space Heater wall/Floor Furnace Forced Heat & Cool Heat Pump No Heating/Cooling Central Air wood Furnace (12) Electric 0 Amps Service No./Qual. of Fixtures Ex. x ord. Min of Elec. outlets Many X Ave. Few (13) Plumbing Average Fixture(s) 13 Fixture Bath 12 Fixture Bath Softner, Auto Softner, Manual Solar water Heat No Plumbing Extra Toilet Extra Sink Separate Shower Ceramic Tile Floor Ceramic Tile wains Ceramic Tub Alcove vent Fan (14) water/Sewer Public water Public Sewer water well 1000 Gal. Septic 2000 Gal. septic Lump Sum Items: No. **% Tnformation herein deemed reliable but not guaranteed*** (15) Built-ins Appliance Allow. Cook Top Dishwasher 1 Garbage Disposal Bath Heater vent Fan Hot Tub Unvented Hood vented Hood Intercom Jacuzzi Tub Jacuzzi repl.Tub oven Microwave Standard Range Self Clean Range Sauna Trash Compactor Central vacuum Security System Cost Est. for Res. Bldg: 1 Duplex Exterior Units: 2 33-01-05-03-351-441 Print (15) Fireplaces (16) Porche Interior 1 Story Area Type Interior 2 Story 40 ccp (1 2nd/same Stack Two Sided Exterior 1 Story Exterior 2 Story prefab 1 Story prefab 2 Story Heat Circulator Raised Hearth wood Stove Direct-vented Ga Class: CD effec. Age: 50 Floor Area: 1248 (11) Heating System: Forced Air w/ Ducts Ground Area = 624 SF phy/Ab.Phy/Func/Econ/Comb. % Good=50/100/100/100/50 Building Areas Exterior Siding Stories 2 Story other Additions/Adjustments Plumbing 2 Fixture Bath Porches Cccp (1 story) Exterior Brick veneer Built-Ins Garbage Disposal Notes: Total Base New: 270,034 E. Total Depr Cost: 135,010 X Estimated T.C.v.: 132,310 D 2 sTY cls Interior Units: 0 Roof: 0 Floor Area = 1248 SF. Foundation Size Basement 624 Total: 1 40 208 1 Totals: ECF (73B) 0.980
Page 34
Print parcel Number: 33-01-05-03-351-441 Residential Building 1 of 1 ORCHARD COURT 7 7 coer | ES p— 28 SF " 28 SF 52 - 2 = DUPLEX c 2 STY BSMT 1248 SF Skaichby Ape Sheich **% Information herein deemed reliable but not guaranteed***
Page 35
Parcel Number: 33-01-05-03-351-421 Jurisdiction: CITY OF LANSING Grantor Grantee sale sale Inst. Price Date Type GOLD STAR INVESTMENTS LLC SHATIA FADI 185,000 05/17/2023 wp SHAIA FADI FADI INVESTMENTS LLC 1 05/17/2023 Qc SEARS MICHAEL & NANCY GOLD STAR INVESTMENTS LLC 122,500 05/24/2022 wD SEARS PROPERTIES L L C SEARS MICHAEL & NANCY 0 07/13/2006 wp Property Address Class: RESIDENTIAL-IMPRO Zoning: Bui 5808 ORCHARD CT School: LANSING PUBLIC SCHOOL DIST P.R.E. 0% owner's Name/Address MAP #: P -3075 -0016 FADI INVESTMENTS LLC 3694 BRANDI DR STERLING HEIGHTS, MI 48310 Improved public Improvements Dirt Road Gravel Road paved Road Storm Sewer Sidewalk water Sewer Electric Gas curb Street Lights Standard utilities underground Utils. Topography of Site Level Rolling Low High Landscaped Swamp wooded pond waterfront Ravine wetland Flood Plain Vacant Tax Description LOT 8 ORCHARDVALE Comments/Influences XXX XXX XXX who when what TMG 06/16/1999 DATA ENTER Plu Plu Plu 2024 Est TCv 168,604 TCV/TFA: 61.36 ROOFING Land value Estim. Description Fr FRONTAGE 2 74 Actual Front County: Ingham Prin Terms of Sale Liber & Page 21-NOT USED/OTHER 2023-025671 21-NOT USED/OTHER 2023 028252 03-ARM'S LENGTH 2022 022995 21-NOT USED/OTHER 13228-p1048 1ding Permit(s) Date mbing Permit - water Hea 01/29/2015 mbing Permit 11/07/2011 mbing Permit 10/18/2011 01/13/2005 ates for Land Table 738.738 * Factors * ontage Depth Front Depth Rate %Ad 74.00 189.75 1.0000 1.0413 300 10 Feet, 0.32 Total Acres Total Es work Description for Permit PP15-0100, Issued 01/29/2 work Description for Permit PP11-0449, Issued 11/07/2 work Description for permit PP11-0335, Issued 10/18/2 work Description for Permit B050033, Issued 01/13/2005 Year Land Building Assessed value value value 2024 11,600 72,700 84,300 2023 11,600 49,500 61,100 2022 10,600 45,900 56,500 2021 10,000 43,900 53,900
Page 36
Parcel Number: 33-01-05-03-351-421, Land Image ORCHARD COURT Land 14042 SF 189.7 *** Information herein deemed reliable but not guaranteed***
Page 37
Residential
Building
1 of
1
X
Building Type
Single Family
Mobile Home
(3)
Roof (cont.)
Eavestrough
Insulation
Town Home
0 Front overhang
Duplex
0 other overhang
A-Frame
(4)
Interior
X wood Frame
X Drywall
Plaster
paneled
wood T&G
Building style:
Trim & Decoration
2 sTY
Ex
x ord
Min
18 ol
gu
size of Closets
Lg
x
ord
small
Condition: Average
poors
solid
x H.C.
Room List
Basement
(5) Floors
1st Floor
Kitchen:
2nd Floor
other:
Bedrooms
Other:
(1) Exterior
(6) ceilings
X
Wood/shingle
X Drywall
Aluminum/vinyl
Brick
(7)
Excavation
X
Insulation
Basement:
624 S.F.
:
Crawl:
126 S.F.
2)
windows
¢ -
{aFga
slab:
0 s.F.
ay
X
AVE.
Height to Joists:
0.0
Few
small
(8) Basement
wood
Sash
Conc.
Block
Metal
Sash
poured Conc.
vinyl
sash
Stone
Double Hung
Treated wood
Horiz.
Slide
Concrete Floor
Casement
(9) Basement Finish
Double Glass
Recreation
SF
Patio Doors
Living
SF
Storms
& Screens
walkout Doors
(B)
No Floor
SF
(3)
Roof
0 walkout Doors
(A)
X
Gable
Gambrel
Hip
Mansard
(10)
Floor Support
Flat
shed
potsts:
ced
.
nsupported
Len:
X
Ashphalt shingle
nts. sup:
Chimney:
vinyl
Parcel
Number:
(11) Heating/Cooling
Gas
oil
Elec.
wood
Coal
Steam
Forced Air w/o Ducts
X
Forced Air w/ Ducts
Forced Hot water
Electric Baseboard
Elec.
Ceil.
Radiant
Radiant
(in-floor)
Electric wall
Heat
Space Heater
wall/Floor Furnace
Forced Heat
& Cool
Heat Pump
No Heating/Cooling
Central
Air
wood Furnace
(12)
Electric
0
Amps Service
No./qQual.
of Fixtures
Ex.
x
ord.
Min
No.
of Elec.
outlets
Many
x Ave.
Few
(13)
Plumbing
Average Fixture(s)
13
Fixture Bath
12
Fixture Bath
Softner,
Auto
softner,
Manual
solar water Heat
No Plumbing
Extra Toilet
Extra Sink
Separate Shower
Ceramic Tile Floor
Ceramic Tile wains
Ceramic Tub Alcove
vent Fan
(14) water/Sewer
Public water
Public Sewer
water well
1000 Gal.
Septic
2000 Gal.
septic
Lump Sum Items:
#**% Information herein deemed
reliable but not guaranteed®***
33-01-05-03-351-421
print
(15) Built-ins
(15) Fireplaces
(16) porche
Appliance Allow.
Interior
1 Story
Area Type
Cook Top
Interior
2 Story
40 ccp
(1
Dishwasher
2nd/same Stack
6 cpp
1 Garbage Disposal
Two Sided
Bath Heater
Exterior
1 Story
vent Fan
Exterior
2 Story
Hot Tub
prefab
1 Story
Unvented Hood
prefab
2 story
vented Hood
Heat Circulator
Intercom
Rai sed Hearth
Jacuzzi
Tub
wood Stove
Jacuzzi
repl.Tub
birect-vented ca
oven
a
Ch
Microwave
ass:
i
standard Range
Effec.
Age:
50
self Clean Range
|Floor Area:
1374
Sauna
Total
Base New:
296,928
E.
Trash compactor
[Total
Depr Cost:
148,456
X
Central vacuum
Estimated T.C.v.:
145,487
Security System
Cost Est.
for Res.
Bldg:
1
Duplex
2 STY
cls
Exterior units:
2
Interior units:
0
Roof:
0
(11)
Heating System:
Forced Air w/ Ducts
Ground Area = 750 SF
Floor Area
= 1374 SF.
Phy/Ab.Phy/Func/Econ/Comb.
% Good=50/100/100/100/50
Building Areas
Stories
Exterior
Foundation
Size
2 story
siding
Basement
624
1 story
Siding
Crawl
Space
126
Total:
other Additions/Adjustments
Plumbing
2
Fixture
Bath
1
Porches
ccp
(1 story)
40
CPP
6
Exterior
Brick veneer
416
Built-Ins
Garbage Disposal
1
Totals:
Notes:
ECF
(73B) 0.980Page 38
Parcel Number: 33-01-05-03-351-421 Residential Building 1 of 1 5808 & 5810 ORCHARD COURT 24! 52 2FAMILYS DUPLEX 2 8STY BSMT 1248 SF p- 3 18" 14 1STY CRAWL #*% Information herein deemed reliable but not guaranteed*** Print
Page 39
11/04/2024 History Info Printout 10:11 AM 33-01-01-26-351-021 Property Address: 3017 AURELIUS RD VMG PROPERTIES LLC 6081 S MARTIN LUTHER KING JR BLVD Lansing, MI 48911-4607 TAX HISTORY 2024 2023 2022 2021 2020 2019 2018 2017 2016 TAXABLE 129,774 5,880 33,700 31,100 28,600 18,488 18,055 17,684 17,527 BOR/MTT 129,774 5,880 33,700 31,100 28,600 18,488 18,055 17,684 17,527 ASSESSED 132,900 11,900 33,700 31,100 28,600 26,400 23,400 23,000 20,700 BOR/MTT 132,900 11,900 33,700 31,100 28,600 26,400 23,400 23,000 20,700 PRE/MBT % 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 BOR/MTT 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 SCHOOL 33020 33020 33020 33020 33020 33020 33020 33020 33020 SUM TAXES 9,069.19 410.88 2,235.95 2,055.27 1,908.25 1,234.83 1,473.21 1,128.54 1,117.98 SUM INTRST 0.00 12.33 0.00 61.66 0.00 37.04 44.20 33.86 33.54 SUM PAID 9,069.19 423.21 2,235.95 2,116.93 1,908.25 1,271.87 0.00 0.00 0.00 SUM PMT DATE 08/14/2024 11/09/2023 08/18/2022 11/10/2021 08/17/2020 09/24/2019 / / / / / / 09 SUM RECPT NO 00008509 00023676 00006398 00022398 00022123 WIN TAXES 0.00 58.06 451.83 453.00 422.04 443.09 1,071.30 4,836.44 252.89 WIN INTRST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 WIN PAID 0.00 58.06 0.00 0.00 0.00 443.09 0.00 0.00 0.00 WIN PMT DATE 01/31/2024 Par / / / / 12/10/2019 / 7 / / / / 02 WIN RECPT NO 00018541 VIL TAXES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 VIL INTRST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 VIL PAID 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 VIL PMT DATE VIL RECPT NO CONTINUED ON NEXT PAGE
Page 40
STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFIARS MICHIGAN ADMINISTRATIVE HEARING SYSTEM MICHIGAN TAX TRIBUNAL VMG Properties LLC, Petitioner(s) \% MTT Docket No. 24-003545 City of Lansing, Respondent(s) PROOF OF SERVICE Teressa Bowers states that on 11/12/2025 she served a valuation disclosure by mail or email relative to the above caption matter upon: Raymundo Garcia / VMG Properties LLC 6081 SM L King Jr Blvd Lansing, MI 48911 info@vmgremodeling.com