Tracey.pdf
Dona Tracey, John Gierak, Petitioners V City Of Detroit, Respondent · 24-003739-TT
Text extracted from the reviewed PDF, organized by page. OCR and reading order may contain errors; confirm details in the PDF below.
Page 1
RECEIVED JUL 812024 MICHIGAN TAX TRIBUNAL STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR PROPERTY TAX APPEAL PETITION FORM R VALUATION / EXEMPTION / CLASSIFICATION APPEAL Do not use this form to appeal Principal Residence Exemption, Qualified Agricultural Exemption, Special Assessment, or Non-Property tax disputes. Pursuant to Michigan Tax Tribunal Rule (TTR) 277(3), you MUST submit a copy of the notice giving rise to the appeal (e.g. Board of Review Decision or Notice of Uncapping) with this Small Claims Petition, if applicable. If you do not submit this document, you may be held in default. Section 1: Petitioner’s Contact Information First Name M.l. Last Name/Gompany Name ON A A | Tepancey “85 (No., Street, P.O. Box or Rural Route) 30% ATTon LOAD City or Town State ZIP Code DeTLET Ml | 42302 AR 7030870 RA E-mail Address (do not enter unless you want MTT to send all correspondence via e-mail) Section 2: Petitioner's Attorney/Authorized Representative’s Contact Information FirstName DS PES S SNIVING [TEN Last Name N/A inoee § SPOVSE Firm Name (if any) Address (No., Street, P.O. Box or Rural Route) City or Town State ZIP Code Telephone Number Fax Number - E-mail Address (do not enter unless you want MTT to send all correspondence via e-mail) Section 3: Subject Property Information How many If you are appealing more than one parcel, are they contiguous or adjoining? parcels are you Aves Oa No**
Page 2
Vi ) STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON |. BROWN, DPA GOVERNOR LANSING DIRECTOR Section 4: Issues Being Appealed (check ali that apply) wo True Cash and Taxable Value [O Poverty Exemption [J Taxable Value Only (calculation) [J Disabled Veterans Exemption [J Uncapping of Taxable Value [J Eligible Manufacturing Personal Property (ESA) [1 Exemption from Taxation (other than the denial of a [ Classification Principal Residence or Qualified Agricultural Exemption) Section 5: Explain the Reason for this Appeal TWE mAbvoT PATA DIES NOT SUPPoRR THE BoA) oF PBUEWS ASSESSES) VALUE oF THe Dwers AT "363,900 ano THE ASSESSED VALLE OF Tee LAND AT © /6,000 TR A TOTAL. ASSESSED VAIS oF 329,900 Witet EQUAS AN | NC epeor TRUE NgARKET U ALUE of 657 &00, ENCLOSED 5 A DETAILED ANALYS(S OF MARKET DAFA, AED OW. MARKET DATA, | CALCULATE Te Ths WALEED VALUE oF TME PUWECL NG AND LAD AT 1630s AFTON A Faciowse TAs PLE ¥ 37403 = TRVIE MANET VLA OF “40,2 bb SINC THERE HAS BEEN NO LNCREASE IN M APKET VALE THES Piraos ig i COBRA io TEE, id Section 6: Ju risdictional Issues Year(s) you are appealing: 2024 MARCH BOARD oF REVIEW M-0259% Did you protest the assessment at a Board of Review Bory? Yes [ml] No If Yes, check which BOR you attended AND attach the BOR decision: [Rmaroh [J auy [J pecember If No, check the applicable reason(s): (mn Not required to attend Assessment Change Notice was not received by Petitioner Oa Appealing a purported Clerical Error or Mutual Mistake of Fact (if yes, include explanation in Section 5)
Page 3
STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Section 7: Valuation Information »use the multiple parce! form for additional, contiguous parcels. Parcel Identification Number: 27 20075 Classification of Property: Real Personal (check one) Agricultural Commercial Industrial Residential Timber-Cutover Developmental Utility (check one) Current Assessed Value (also known as sai Value) as established by the BOR: 2034 ASSESSED VALUE * 313, WO ol Current Taxable Value as established by the BOR: ] 9. q 24 A024 TAXABLE VALLE to 6 34 What do you believe Is the fair market value (also known as True Cash Value)? A023 FAIR MARKT VALUE *5 30, 460 Multiply the True Cash Value by .5 and enter here. This is your Ak i) of Assessed Value. VIB ASSESSEY VALUE ALO, dCO Toa believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 2083 TAXABLE VAWs ¢ * 88, IAT Section 8: Classification Information *Only the MI Dep't of Treasury may appeal this issue to the Tribunal* Parcel Identification Number: Z| AC 7s Current Classification of Property as established by Board of Review: Real Personal (check one) Agricultural Commercial Industrial gm Timber-Cutover Developmental Utility (check one) What do you believe Is the property’s classification? ® Personal (check one) Aaritoral Commercial Industrial Residential Timber-Cutover Developmental Utility (check one) If im) EE property, how is the property currently being used? ESIDENTIAL If improved <a for what use was the property designed? DEUTIAL I
Page 4
STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Fee Information Does the subject property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition? BX ves 0 No Are you appealing ONLY the denial of a Poverty Exemption or Disabled Veterans Exemption? O Yes [no If you answered yes to either or both of the above questions, you are not required to pay any filing fees. The filing fee is based on the greater of the State Equalized Value or Taxable Value in contention. If you are appealing more than one parcel, the parcel with the highest State Equalized Value or Taxable Value in contention will be used to determine your filing fee, plus $25.00 will be added for each additional parcel being appealed, not to exceed a total filing fee of $1,000. If your property Is residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention is: Filing Fee is: $100,000.00 and under $125.00 $100,000.01 to $500,000.00 $200.00 $Over $500,000.00 $300.00 If your property is NOT residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention ist Filing Fee is: $100,000.00 and under $250.00 * Plus $25.00 for each additional parcel, as indicated above. If your property is NOT residential property and the State Equalized Value or Taxable Value in contention is $100,000.01 or greater the appeal does not qualify for Small Claims. Therefore, an Entire Tribunal petition must be filed. Signatu I'€ *Required Petitiol T7/ orized, -esentative’s Signature: Z, w (Mma 0 A les, ny 99 dend PS L757 Ey
Page 5
Coleman A. Young Municipal Center 2 Woodward Avenue, Suife 105 Detroit, Michigan 48226 Phone: (313) 628-0722 Fax: (313) 224-4576 www.detroitmi.gov Propuity Asnansoient Board of Review. H DETROIT 05/15/2024 GIERAK, JOHN & TRACEY, DONA 19305 AFTON RD DETROIT Mi 48203-1435 RE: 2024 MARCH BOARD OF REVIEW PETITION NUMBER: M-002598 The March Board of Review has considered the appeal on the 2024 assessment for the below described property and concluded that: FINDING OF FACTS: 1. Parcel Number: 27120075. 2. Property Address: 19305 AFTON RD 3. District: 2 4. Property Classification: 401 (RESIDENTIAL-IMPROVED) NEZ Homeste. 6. Principle Residence Exemption: 100% 5. Property Legal Description: W AFTON 50 PALMER WOODS SUB 1.32 P16 PLATS, WC R 2/140 700 X 170 NEZ HOMESTEAD CERT # NH2012-0075, RELATED PA 6. Petitioner timely filed an pp to the March Board of Review, 7. The March Board of Review considered (if any) petitioner's and/or duly authorized representative evidence and/or testimony. The March Board of rovion considered facts presented as on the assessment roll and/or any recommendations offered by the Office of the Assessor. CONCLUSION: Adjustment granted due to market and/or condition. Before Appeal After Appeal 2024 Assessed Value 314,000 313,900 2024 Taxable Value 92,634 92,634 If you are dissatisfied with the decision of the March Board of Review, submit this notice and complete the enclosed small claims form to appeal to: Michigan Tax Tribunal P.O. Box 30232 Lansing Mi 48909 A Michigan Tax Tribunal appeal must be made by May 31st of the current year for properties classified as:
Page 6
STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR PROPERTY TAX APPEAL PETITION FORM ' VALUATION / EXEMPTION / CLASSIFICATION APPEAL Do not use this form to appeal Principal Residence Exemption, Qualified Agricultural Exemption, Special Assessment, or Non-Property tax disputes. Pursuant to Michigan Tax Tribunal Rule (TTR) 277(3), you MUST submit a copy of the notice giving rise to the appeal (e.g. Board of Review Decision or Notice of Uncapping) with this Small Claims Petition, if applicable. If you do not submit this document, you may be held in default. Section 1: Petitioner’s Contact Information First Name p m.l Last Name/Company Name DONA ~ TRACES Mailing Address (No., Street, P.O. Box or Rural Route) (130% AFTON) ROAD City or Town i) State ZIP Code i = SE TPO\T MI | a4 203 Telephone Number Fax Numb: 40, - 7203070 N/A E-mail Address (do not enter unless you want MTT to send all correspondence via e-mail) Section 2: Petitioner’s Attorney/Authorized Representative’s Contact Information ] FirstName V~ © Pp (SSC ADT) OG Mm. Last Name N/A Noe 3 SPOUSE Firm Name (if any) Address (No., Street, P.O. Box or Rural Route) City or Town State ZIP Code Telephone Number - - - Fax Number } E-mail Address (do not enter unless you want MTT to send all correspondence via e-mail) Section 3: Subject Property Information How many If you are appealing more than one parcel, are they contiguous or adjoining? parcels are you Yes* [] No**
Page 7
STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Section 4: Issues Being Appealed (check all that apply) # True Cash and Taxable Value [J Poverty Exemption [J Taxable Value Only (calculation) [OJ Disabled Veterans Exemption [TJ Uncapping of Taxable Value [O Eligible Manufacturing Personal Property (ESA) O Exemption from Taxation (other than the denial of a [ Classification Principal Residence or Qualified Agricultural Exemption) Section 5: Explain the Reason for this Appeal THE MARE DATA Does WOT SURAT THE BoA OF REUEWA AISESSED VALUE OF THE DWEWAINC AT F 313,500 AND THE ASSESSED VALUE OF THE LAND AT #/4,000 Foo A TOTAL ASSESEL VALWE OF T3295 ,800 wich BAUS AN INGO HET TRUE MAtgeT VALUE OF ¥ SG, C0, ENUOSEN 15 A DETACED ANALYSIS OF MAKE DAT. BASED on MARKET DATA, | CALCULATE THE TERME MARKET VALUE OF THE OWRLLING AND LAND AT (T1308 AFTON AS FOLLOWS *~ 2D POSE X TT42SF = TRUE MARKET VAWE OF 460 264 S/NCE THERE PAS BEEN NO INCRTASE (0 MARKET V N-UC SAE THE 2023 ASOESSMENT, V REQUEST TUAT THE AS Bs INCREME IN The TAKA BE \IAUUE MID ASSESSED NJAC, Section 6: Jurisdictional Issues TOA MARCH BOARD OF REVEW M- 002597 Did you protest the assessment at a Board of Review (BOR)? ™© Yes [No If Yes, check which BOR you attended AND attach the BOR decision: XH March O July O December If No, check the applicable reason(s): O Not required to attend [| Assessment Change Notice was not received by Petitioner O Appealing a purported Clerical Error or Mutual Mistake of Fact (if yes, include explanation in Section 5)
Page 8
STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Section 7: Valuation Information *use the multiple parcel form for additional, contiguous parcels. Parcel Identification Number: 020047 &4 Classification of Property: Real Personal (check one) Agricultural Commercial Industrial Residential Timber-Cutover Developmental Utility (check one) Current Assessed Value (also known as State Equalized Value) as established by the BOR: 7024 ASHSSED VALUE * 10, KD Pigs ee § Current Taxable Value as established by the BOR: 2024 TAXA VALLE © 74,467 What do you believe is the fair market value (also known as True Cash ToT 2033 FAR MARKET VALUE - © 3), keo Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 2023 Asdestep VALUE © 75, BOO If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 202 ThxABLE VALUE [3,76 Section 8: Classification Information *Only the MI Dep't of Treasury may appeal this issue to the Tribunal* Parcel Identification Number: cade 4 Current Classification of Property as established by Board of Review: Real Personal (check one) Agricultural Commercial Industrial Residential Timber-Cutover Developmental Utility (check one) What do you believe is the property’s classification? Real Personal (check one) = Agricultural Commercial Industrial he Timber-Cutover Developmental Utility (check one) If improved property, how is the property currently bein, BDECEC O00 CA IEA \< TEE Lave AVON) WHE THE DULG, | Uf fakin property, for \ what use was the FEL designed? AT \a08 AFEaw
Page 9
gms? STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Fee Information Does the subject property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition? 3 Yes [m} No Are you appealing ONLY the denial of a Poverty Exemption or Disabled Veterans Exemption? [J ves 4 no If you answered yes to either or both of the above questions, you are not required to pay any filing fees. The filing fee is based on the greater of the State Equalized Value or Taxable Value in contention. If you are appealing more than one parcel, the parcel with the highest State Equalized Value or Taxable Value in contention will be used to determine your filing fee, plus $25.00 will be added for each additional parcel being appealed, not to exceed a total filing fee of $1,000. If your property is residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention is: Filing Fee is: $100,000.00 and under $125.00 $100,000.01 to $500,000.00 $200,00 $Over $500,000.00 $300.00 If your property is NOT residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention is: Filing Fee is: $100,000.00 and under $250.00 * Plus $25.00 for each additional parcel, as indicated above. If your property is NOT residential property and the State Equalized Value or Taxable Value in contention is $100,000.01 or greater the appeal does not qualify for Small Claims. Therefore, an Entire Tribunal petition must be filed. Si g nature "Required _ Petiti /AttorneylAl resentative’s Signature: Isl Sa “ Zz 29 Roo Pires pe
Page 10
Coleman A. Young Municipal Center 2 Woodward Avenue, Suite 105 Detroit, Michigan 48226 Phone: (313) 628-0722 Fax: (313) 224-4576 www. detroitmi.gov 05/15/2024 GIERAK, JOHN & TRACEY, DONA 19305 AFTON RD DETROIT Mi 48203-1435 RE: 2024 MARCH BOARD OF REVIEW PETITION NUMBER: M-002597 The March Board of Review has considered the appeal on the 2024 assessment for the below described property and concluded that: FINDING OF FACTS: 1. Parcel Number: 02004784. 0 2. Property Address: 19305 AFTON RD 3. District: 2 4. Property Classification: 401 (RESIDENTIAL-IMPROVED) Ad Valorem 6. Principle Residence Exemption: 100% ’ 5. Property Legal Description: W AFTON 50 PALMER WOODS SUB 132 P16 PLATS, W C R 2/140 100 X 170 NEZ HOMESTEAD CERT # NH2012-0075, RELATED PA 6. Petitioner timely filed an appeal to the March Board of Review. 7. The March Board of Review considered (if any) petitioner's and/or duly authorized representative evidence and/or testimony. The March Board of Review considered facts presented as on the assessment roll and/or any recommendations offered by the Office of the Assessor. : CONCLUSION: The Board of Review has considered the appeal filed and found there was no adjustment warranted. Before Appeal After Appeal 2024 Assessed Value 16,000 16,000 2024 Taxable Value 14,457 14,457 If you are dissatisfied with the decision of the March Board of Review, submit this notice and complete the enclosed small claims form to appeal to: Michigan Tax Tribunal P.O. Box 30232 Lansing MI 48909 A Michigan Tax Tribunal appeal must be made by May 31st of the current year for properties classified as:
Page 11
| am the co-owner, with my husband, John Gierak, of the dwelling (parcel number 27120075) and the land upon which it sits (parcel number 02004784) located at 19305 Afton Detroit Ml, 48203. | filed a timely appeal with the March Board of Review. The March Board of Review granted an adjustment for the dwelling (parcel number 27120075) as follows: Before Appeal After Appeal 2024 Assessed Value 314,000 313,900 2024 Taxable Value 92,634 92,634 The March Board of Review found there was no adjustment warranted for the land (parcel number 02004784) as follows: Before Appeal After Appeal 2024 Assessed Value 16,000 16.000 2024 Taxable Value 14,457 14,457 | am dissatisfied with the decisions of the March Board of Review for both the dwelling (parcel number 27120075) and the land (parcel number 02004784). Therefore | am filing this appeal with the Michigan Tax Tribunal. The Assessor’s reason for the 2024 increases in Assessed Value and Taxable Value was “Market Value.” The attached market data will show that the market value of the dwelling and land at 19305 Afton Road has not increased from 2023. 1) 2023 Assessed Value In 2023 the Assessed Value of the Dwelling was $260,200 In 2023 the Assessed Value of the Land was $15,800. | In 2023 the Total Assessed Value for the Dwelling and Land was $276,000
Page 12
purchased the house. Note that on Zillow, the square footage of 19305 Afton is inaccurately set forth as 4,870 SF. 2) 365 Day Market Report for Palmer Woods from Stetson Jarbo, a realtor active in Palmer Woods and associated with Christie’s International Real Estate: In early 2024 | received an unsolicited 365 Day Market Report, copy attached, for Palmer Woods. The Market Report gave the following information: $128 PRICE PER SQUARE FOOT, 107 AVERAGE DAYS ON MARKET, $665,000 AVERAGE SALES PRICE, and $1,300,00 HIGHEST SALES PRICE IN 2023. | included this one page 365 Day Market Report with my appeal to the March Board of Review. The March Board of Review did not take into account the $128 price per square foot in Palmer Woods. Based on the information in the 2023 Market Report, | calculate the True Market Value for 19305 Afton, as follows: $128 per square foot times 3742 square feet equals a True Market value of $478, 976 for the dwelling and the land. The Board of Review, after my appeal, concluded that the Assessed Value of the dwelling is $313,900, and the Assessed Value of the land is 16,000, for a total Assessed Value of $ 329,900 which means a total Market Value of $659,800. Based on the Board of Review’s Market Value of $659,800, the price per square foot would be $176.32 which rounded down to $176 is $48 per square foot higher than the $128 per square foot average in Palmer Woods. 3) Recent Sales in Palmer Woods: 1925 Wellesley: Sold 2/27/24: $700,000, 5,707 SF, $123 PSF 19291 Woodson: Sold 12/15/ 23: $840,000: 5,224 SF, $161 PSF 1414 Wellesley: Sold 12/7/23: $735,000, 5,239 SF, $140 PSF 1735 Lincolnshire: Sold 7/12/23: $575,000, 4,887 SF $$125 PSF
Page 13
Note that 1735 Lincolnshire sold for $575,000 and is 4,888 SF, which is 1146 SF larger than 19305 Aiton. The Board of Review's Market Value of $659,800 for 19305 Afton is $84,000 more than the sold price for 1735 Lincolnshire, which is a bigger home. Another even bigger home is1925 Wellesley, which at 5707 SF, is 1,965 SF larger than 19305 Afton. 1925 Wellesley sold for $700,000. The Board of Review is inaccurate in estimating the True Market Value of 19305 Afton to be $659,800 when 1925 Wellesley, which is 1,965 square feet larger than 19305 Afton, sold for $700,000. Similarly 19160 Woodson which sold for $650,000, at 5,983 SF is 2,241 SF larger than 19305 Afton. In conclusion, the market data does not support the Board of Review's 2024 Assessed Value of the dwelling at $313,900 and the Assessed Value of the land at $16,000 for a total Assessed Value of $329,900 which equals an incorrect True Market Value of $659,800. Based on market data, | calculate that the correct True Market Value of the dwelling and the land at 19305 Afton is as follows: $123 PSF X 3742 SF equals a True Market Value of $460,266. Since there has been no increase in Market Value since the 2023 assessment, | request that there be no increase in the Taxable Value and Assessed Value of the dwelling and land at 19305 Afton.
Page 14
CunnEly Pppraes spi
Uniform Residential Appraisal Report
File #
sw-9914
The purpose of this summary appraisal report
is lo provide the lender/client with an accurale, and adequately supporied, opinion
of lhe markel value of the subject
property.
Property Address
19305 Afton Rd
city
Detroit
state MI
Zip Coded 8203
Borower John Gierak
/ Dona Tracey
Owner
of Public Record_Dorthy J Moorehead
County Wayne
Legal Description W Afton 50 Palmer Woods Sub.
Assessor's Parcel #_W021004784S
Tax Year 2010
RE. Taxes $9.265
Neighborhood Name
Palmer Woods
Map Reference 5382
Census Trac 5382
Occupant
[3X] Owner |_| Tenant [| vacant
Special Assessments $_ None
[ET
HoAs None.
[Tperyear
[_Jpermontn
Property Rights Appa
FeoSimple
|_|Leaschold
|
| Other (describe)
Assignment Type
Purchase Transaction | _ Refinance Transaction
| _] Other (describe)
LendericiientBank of Ann Arbor
address 515 E. 11 Mile Rd.. Madison Heights, MI 48071
Is the subject properly cumenlly offered for sale or has
il been offered for sale In the twelve months prior to the effeciive dale of the appraisal? | X| ves
No
Report data source(s) used, offering price(s), and date(s). Realcomp MLS Listed 1-26-2011 for 275,000.
1X]
ad
did nol analyze the conlract for sale for the subject purchase transaction.
Explain the resulls of the analysis of the conlract for sale of why the analysis was not
performed.
Standard PA appears with common terms and conditions.
Contract Prices 250,000
Date of Contract4-21-11
1s the properly seller the owner of public record? |__|
Yes [X|No
Data Source(s)
_Realcomp PRD
\s there any financial assistance (oan charges, sale concessions, gift or downpayment assistance, ec) lo be paid by any party on behalf of the borrower? |_| Yes | X|No
If Yes, report the total dollar amount and describe the tems to be paid: None Known
Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood Characteristics
One-Unit Housing Trends
One-Unit Housing | Percent Land Use %
Location
[| Urban
Suburban|
Rural
Property Values|
Increasing
|__|
Stable
X | Declining
PRICE
AGE | One-Unit
100.0 %
Buitup
|X| over7sul
| 2575%
Under25%| Demand/Supp!
Shortage
InBalance| X | oversupply |
$000)
yrs) | 2.4 unit
%
Growth
Rapid
|X|
Stable
Slow
Marketing Time
Under
3 mihs
X | 3-6 mihs
oversmins
{190
Low
45]
Multi-Family
%
Neighborhood Boundaries The subject property is bounded by 8 Mile Rd on the north / 450
High
90|
commercial
%
PS chaffer on the west / Woodward on the east / 7 Mile on the south.
50
Pred.
81]
other
%
Neighborhood Description_Mostly large colonial excellent quality estate homes in varying conditions.
0
>
>
4
Markel Conditions (cluding suppor for the above conclusions)
Mostly cash. conventional and FHA financing.
Dimensions 100x170
Area 17000 sq. ft.
shape Rectangular
View Residential
Specific Zoning
ClassificationR esidential
Zoning Description RS-402
Zoning Compliance
| X |Legal
|_| Legal Nonconforning (Ganrathered Use)
__|_NoZoning
[11
the highest and best use ofthe subject property asimproved (or as proposed per plans and specifications) the present use?
1 (describe)
Yes
| |No ifNo, describe
Utilities
Public Other (describe)
Public Other (describe)
Off-site Improvements--TypePublic
Private
Electricity
=
Water
X
sweet
Paved
X
Gas
X
Sanitary Sewer
|X
Alley
None
FEMA Special Flood Hazard Area
| | Yes
[X|No FEMA Flood Zone X
FEMA Map N0.2602220005B.
FEMA Map Date(7/02/198 1
Are the utililies and off-site improvements lypical for the markel area?
x] Yes
I
Tho.
If No, describe
Ase there any adverse site conditions or extemal factors (easements, encroachments, environmental conditions, land uses, etc)? [Tres XT
If Yes, describe
Improvements are in compliance with local zoning codes. There are no observable encroachments, easements are for
normal utility use. Flood cert required for exact flood zone status.
Gonral Description
Foundation
Exterior Desaription
materialsloondition | Intorior
materialsicondition
Units x] one| 1] One with Accessory Unit
Concrete Slab
Crawl Space
Foundation Walls
Good/Concrete
Floors
Gd/WdCrmCrpt
#ofStories
2
X|
Fun Basement
Partial Basemen{
Exterior Walls
Good/BrickStone
Walls
Good/Plaster
Ty
IX] Det, [7 al] S-DeVEnd Unil|
Basement Area
1.755 sq. i. | Roof surface
Good/Asphalt
TrimvFinish
Good/Wd
Exisll ol] Proposed _| Under Cons{
Basement Finish
70% | Gulters & Downspouts
Good/Alum
Balh Floor
Gd/Ceramic
Design (Style)
2 Story
] Outside Entry/Exit ] sump Pump | Window Type
Orgnl/DH
BathWainseot
__Gd/Ceramic
YearBull
1930
Evidence of
infestation
Storm Sashinsulated
Yes
Car Storage
|__| None
Effective Age (Yrs)
25
1 Dampness. [I Seftlement
Screens
Yes
[x] Driveway
#ofCars
6
Atiic
None
Heating]
_ | FWA]
| HweB| | Radian{
Amenities
WoodStove(s)# | Driveway Surface Paved
Drop Stair
X
stairs
[
Totner
| Fuel
Gas
[ X | Fireptace(s) #V[1t14+-3€ Fence
X | Carge~—#of
Cars 2
Floor
Scutlle
Cooling ] Central Air Conditioning
X patioeckEncls
X
Porch Pad
Carport
#of Cars.
Finished
Healed
[
Tindviawst
||
Joter None
|[X
eso
Ingrd
Other
ar
|
oe.
[X|eu
IN
ppliances |_| Refrigerator
|
X | Rangetven]
X | Dishwasher] X | Disposal]
| Microwadé] Tr
Tyrer —
Finished
area above grade
contains:
11 Rooms
5 Bedrooms/
3,1
Baths
andPage 15
[TRV
Uniform Residential Appraisal Report
File #
sw-9914
Thereare
1Q
comparable propeniles currently offered for sale in the subject neighborhood ranging in price from §
200,000.00
os
450,000.00
Thereare
1
comparable salas In the subject neighborhood within the past twelve months ranging in sale price from $150,000.00
ws
350.000.00
FEATURE
I
SUBJECT
COMPARABLE SALE # 1
COMPARABLE SALE #2
COMPARABLE SALE #3
19305 Afton Rd
19420 Parkside Street
19344 Strathcona
1420 Strathcona
Address
Detroit
etroit
[Detroit
Detroit
Proximily
to Subject
0.73 miles W
65 miles W
0.27 miles NW
Sale Price
s
250.000
t
292.500)
s
215.000)
s
195.0008
Sale Prive/Gross
Liv. Areals
66.81sa.0
ls
68.36sam
s
69.35 san
s
65.6850
Data Source(s)
Realcomp MLS
calcomp MLS
Reaicomp MLS
Verification Source(s)
Wayne County
Tax Records
[Wayne County
Tax Records Wayne County Tax Records
VALUE ADJUSTMENTS
DESCRIPTION
DESCRIPTION
#()8 Adjustment
DESCRIPTION
#8 Adjustmenl
DESCRIPTION
H-)$ Adjustment
Sale of Financing
FHA/None
[FHA/Conc
-12,900Cash/None
Congessions
ML 210092323
210026508
210052924
Oto of Sale/Time
-16-10/11-30-1
-1,7526-24-10/8-26-10.
-1.93511-9-10/11-22-1
-1.170
Location
[Urban
[Urban
[Urban
Urban
LeaseholdFee Simple
[Fee Simple
ce Simple
ce Simple
ce Simple
ste
100x170
925x195
100x170
710x218
View
csidential
esidential
esidential
Residential
Design (Style)
2 Story
Story
Story
Story.
Quany of onstruction __
{BrickStone
rickStone
Brick
Brick
Actual Age
81/825
73/E25
86/E25
73(E25
Condition
[Goo
Goo
Goo
Goo
Above Grade
Total
|Bdrms.|
Baths
| Tolal
|Bdims.|
Baths
Tolal
|Bdims.|
Baths
Talal
[Bdrms,]
Balhs
Room Count
ls)
31
j12]6
i
42
-3.0000
111
5s
|
3.1
nia
32
-1.000¢
i
Gross Ling aves
3742
sat)
4279
sa.
21480
3.100
sar.
+25,680
2.969
sa.f
+30.92
Basement &Finished
Basement
[Basement
[Basement
[Basement
Rooms Below Grade
inished
inished
{Unfinished
+25 000PrtFinished
+10,00
Functional Util
Standard
Standard
Standard
tandard
Heating/Cooling
B
WA/AC
-2.500HWBB
WAJAC
2.501
f]
Eneroy Efficient tems
[Standard
Standard
Standard
tandard
ig
Gemge/Camort
[2 Car
Car
5.0003 Car
-5.0002
Car
ay
PorctvPatioDeck
[PrchEnclPtPool Porch/Patio
+2.500Porch/Patio
+2. 500Prch/PtFIRm
Days on market
402.
132
153
Ownership
rivate
Private
Private
Private
0
Net Adustment (ola)
CK
Js
23)
[XI-[ 1s
33348
[XJ-[]-
Is
3625
Adjusted Sale Price
Nel Adj.
11%
Net Adj.
16%
Net Ad).
19%
™
of Comparables.
Gross Ad,
12%1s
261.268 cross ad,
34%ls
248 345 Gross Ad).
23%is
23125
PH
did
did nol research the sale or transfer history of the subject property and comparable sales.
If nol, explain
0
a)
My research
[| did
did not reveal any prior sales or transfers of lhe subject property for the (lire years prior to the effective dale of this appraisal,
Data Source(s}
Realcomp
My research
|__| did |X|
did not reveal any por sales or ransters of the comparable sales for the prior year 10 Ihe date of sale of the comparable sale.
Data Source(s)
Realcomp
Reporl (hs results of the research and analysis of the prior sale or tmnsfer history of the subject properly and comparable sales {report addional prior sales on page 3).
ITEM
SUBJECT.
COMPARABLE SALE #1
COMPARABLE SALE#2
COMPARABLE SALE#3
Dale of Prior Sale/Transfer
one
one.
one
one
Price of Prior Sale/Transter
Data Source(s)
[Realcomp MLS
ealcomp MLS
Realcomp MLS
[Realcomp MLS
Effective Date of Data Source(s)
Current
Current
Current
Curyent
Analysis of prior sala or taansfer history of fhe subject property and comparable sales None
‘Summary of Sates Comparison
Approach Emphasis is on ¢1 due to low gross and net adjustments. Subject neighborhood and
surrounding areas have many reo properties hence most comps exceed 3 month guideline for private non bank owned
sales. Subject neighborhood average marketing time at the subject price range is 90-180 days based on comps with the
longest being 402 days. A decrease from list to sale price also based on comps has been used on listings. Hence list
price adjustment on comps 3&6, Large gross and net adjustments are required in this smaller community of high qualityPage 16
Fite No.
sw-9914
Borrawer
John Gierak / Dona Tracey
Propedy Address
19305 Afton Rd
cy
Detroit
county
Wayne
ste
MI
Zipcode
48203
LenderfClient
Bank of Ann Arbor
FEATURE
SUBJECT
COMPARABLE SALE NO.
4
COMPARABLE SALE NO.
5
COMPARABLE SALE NO.
6
19305 Afton Rd
19200 Strathcona
19480 Cumberland Way
18303 Muirland Street
Address
Detroit
Detroit
Detroit
Detroit
Proximity to Subject
0.62 miles W
0.23 miles NW
.95 miles SW
Sale Price
5
250,000;
$
329.900)
s
349.900)
5
210.000
Sale Price/Gross Liv. Area_|$
66.8] sans
57.59 san.
s
6733sq
s
71.04sat
Data Source(s)
Realcomp MLS
[Realcomp MLS
Realcomp MLS
Verfiation Source(s)
Wayne County
Tax Records [Wayne County Tax Records [Wayne County Tax Records
VALUE ADJUSTMENTS
DESCRIPTION
DESCRIPTION
+-}$ Adjustment
DESCRIPTION
H-18 Adjustment
DESCRIPTION
H:)$ Adjustmenl
Sate or Financing
Conv/None
[List Price
-17,000List Price
-10,00
Concessions
MI 210103663
211035555
2110083106
Dale of SzlefTime
-16-10/11-16-1
~1.974Active
Active
Location
{Urban
Urban
[Urban
Urban
LeasenoldFee Simple
[Fee Simple.
ee Simple
ce Simple
ce Simple
ste
100x170
110x133
100x145
150x135
+5.00
View
Residential
[Residential
Residential
[Residential
Design (Style)
Story
Story
Story
2 Story
Qualty of Gonstruction
rickStone
BrickStong
BrickStone
rickStone
Actual Age
IAB1/E25
IATO/E25
IA83/E2S5
ATES
Condition,
Goo
Goo:
Goo
Goo
‘Above Grade
Total
{Bdnmns.|
Baths
| Tole!
|Bdims.|
Baths
Total
|Bdims.]
Baths
Total
|Bdrms.|
Baths
Room Count
uls
|
30
fied
42
-3.0000
121
6
|
52
-5000L
9 1
4 1
31
Gross Living Area
3742
san|
5.728
san
-79.440
5.197
san.
-58,2000
2,956
san
+31.44
Basement & Finished
[Basement
[Basement
[Basement
[Basement
Rooms Below Grade
inished
[Unfinished
+25,000Finished
Unfinished
25.000
Functional Utiity
Standard
Standard
Standard
tandard
Heating/Cooling
WBB
HWBB
HWBB
FWA
Energy Efficient ems
Standard
Standard.
Standard
Standard
Garage/Carport
Car
3 Car
-5.0003
Car
-5,0002
Car
PorchPatio/Deck
PrchEnciPiPool {Preh/PEFIRm
orch/Patio
-+1,500Porch/Patio
+1501
Days on market
13
25)
15
Ownership
Private
Private
Tivate
rivate
Net Adustrent (Tota)
TIX
fs
ceqard
TO-[X]-
[s
-83700
SI.
Js
52.940
Adjusted Sate Price
Net Adj.
20%
Nel Ad].
24%
Net Adj.
25%
of Comparables
Gross Adi.
34.68%)
265486 crossadi.
24.78%
1s
266200 Gross ad.
34.73%
s
26294
ITEM
SUBJECT
COMPARABLE
SALE
#4
COMPARABLE
SALE
#5
COMPARABLE
SALE
#5
Dale of Prior SalefTransfer
lone.
one
one.
one.
Price of Prior Sale/Transfer
Data Source(s)
cajcomp MLS
IRealcomp MLS
[Realcomp MLS
eajlcomp MLS
Effective Date of Data Sourve(s)
[Current
[Current
[Current
(Current
Comment on Sales ComparisonPage 17
DUBBHALY App dar pu
Uniform Residential Appraisal Report
File # sw-9914
COST
APPROACH
TO
VALUE
{not
required
by
Fannie
Mas)
Provide adequate information
for the lendericlient lo replicate the below cost figures and calculations.
‘Support for the opinion of se value (summary of comparable land sales or other methods for estimaling site vatus)
ESTIMATED |_| REPRODUCTION OR
REPLACEMENT COST NEW
OPINION OF SITE VALUE
=s
30,001
Source of cost data _Marshel & Swift, Realcomp
Dueling
3742 sar@s
90
336.78
A
Quality ting from cost service Good
Effective date of cost data Current
BSMT
1.755 samr@s
40
70.204
"8
Comments on Cost Approach (gross fiving area calculations, depreciation, glo)
ISee sketch addendum for sqft calculations,
cost data also | GamgeiCapet
520 sa.Fr@s
15
7.80
derived from market extrapolation.
Tolal Estimate of Cost-New
414.78
.
Less
Physical
| Functional] Exemat
Depreciaton
| 88,723
=5(188,725)
0
Cost of Impro
=%
226.055
‘Asis’ Value of Site Improvemens,
Esiimated Remalning Economic Life (HUD and VA ooly)
30
Years | Indicated
Value
By
Cost Approach.
256.055]
INCOME APPROACH
TO
VALUE
[not
required
by
Fannie
Has)
Estimated Monthly Market Rent §
N/A
__X Gross Rent
Mulipti
N/A
=s
N/A _ndicaledVatuebylncome Approach
wd
summary of Income Approach {including support for marke! rent and GRM)
PROJECT INFORMATION FOR PUDs
{it applicable)
Is the developeruider
fn control
of the Homeowners Assocation (HOA?
|
[Yes | [No
Uitlype(s) | | Detached | | AtachedPage 18
SKETCH 3 16.58 4 22' Bath 19.2" 20 a Bath BedRm Bath BedRm BedRmyp: 20 28.6" BedRm [3 BedRm 4" &/ 13.8" 13.2 5 £5 4.5%] 2.2 11 2 Patic.Pool Area 17.8" El d Porch 8.2 nclose: 82 i” | 3 16.5" M| 17.82 7.2 12' Dining R ining Room Kitchen 21 Garage 28 28.6 Living Room Den & Foyer fav Tx & 138 182, Pr) IN Pa 2 6 pw
Page 19
< SUMMARY SQFT AREA PERIMETER . AREA CALCULATION DETAILS Living Area First Floor First Floor 1751 190 16.5 X 3.0 = 49.5 Second Floor 1991 230 577 X 21.0 = 1211.7 Total 3742 420 53.7 X 4.0 = 214.8 . 46.0 X 3.6 = 165.6 Porches/Patios 19.0 X 45 = 86.5 Enclosed Porch 144 51 12.0 X 20 = 24.0 Total 1751.1 Garagel/Carport Second Floor Attached Garage §20 94 16.5 X 3.0 = 49.5 77.7 X 120= 932.4 57.7 X 9.0 = 519.3 53.7 X 4.0 = 214.8 46.0 X 36= 165.6 19.0 X 45 = 85.5 12.0 X 2.0 = 24.0 Total 1991.1
Page 20
[8 Realcomp Online® RealMaps or;
Page 21
JEREER STATE OF MICH! A088 573 DEPART Y, LABOR & ECONOMIC GROWTH BOARD OF REAL ESTATE APPRAISERS : CERTIFIED RESTPENTIAL APPRAISER LICENSE. STEVEN PAUL WIESE APPRAISAL MAP INC PO Box 496, Farmington, MI 48336 Phone: (248)568-5903 / Fax (248)479-5255 i 1 PERMAHET 1D. HO EXPIRATION DATE AE KS oo _ ene ! 1201001278 07/3%/2011 2182bY43 USER AE Los DR ThE Sate k GF MICHIGAN,
Page 22
StreetLinks Repository Serial #: 5730601930505202011812
STREETL. MNIKES
Certificate Date: May 26, 2011
LCE
om
oER
soLuTIiOoNS
Pals
STREETLINKS LENDER SOLUTIONS
Subject Property:
19305 Afton Rd
, Detroit, MI 48203
Appraisal Date: May 20, 2011
Appraisal Order Date: May 16, 2011
.
Payment Date:
May 16, 2011
StreetLinks Lender Solutions (StreetLinks) — an independent, third party appraisal management company -~ certifies that the above
referenced appraisal report was completed in compliance with all current appraisal independence requirements as defined by the
Dodd-Frank
Wall Street Reform and Consumer Protection Act, Fannie Mae, Freddie Mac and the Federal Housing Administration,
in strict adherence to our non-influence policy and process:
= The Lender/Client named on the appraisal repost submitted the appraisal order to Streettinks through our proprietary,
secured PipeFire transaction management platform (website or direct integration), or through an approved and
compliant 3" party Integration.
Appraiser selection was performed at the sole discretion of StreetLinks by utilizing a selection methodology designed,
maintained, and supervised by licensed real estate appraisers and is based on the criteria of proximity to the Subject
Property, availability, and historical quality and performance metrics.
For all transactions: The StreetLinks appraisal procurement process maintains a double-blind environment whereby
the mortgage origination firm and/or lender's loan production staff is unaware of the appraiser's identity until the
time of final appraisal report delivery. Likewise, the appraisers provided with only the lender/client’s company name
and address {for inclusion in the appraisal report) and is never provided with the Identity or contact information of
the loan officer, loan processor or any other loan production personnel,
The terms and conditions of
the engagement contract between Streetlinks and the appraiser prohibit the
appraiser from inappropriate communication with the tender/Client,
or attempting
to obtain value/loan
information from the borrower/property owner.
No estimate regarding the Subject Property's value, proposed loan amount, or proposed loan-to-value ratio, was
provided or communicated by StreetLinks to the appraiser (For purchase transactions, the purchase agreement was
provided to the appraiser as required by USPAP Standards Rule 1-5(a)].
StreetLinks maintains an appraiser independence hotline for reporting of any influence or impropriety at 1(800)778-4915.
FRAUD/TAMPERING PREVENTION: A certified copy of the original appraisal report provided by the appraiser
is available
“through the StreetLinks Secure Repository to all authorized successors and/or assignees of the original Lender/Client, Contact
Streettinks to access this information.Page 23
(properties CHRISTIE'S INTERNATIONAL REAL ESTATE market UPDAT] PALMER WOODS STETSON JARBO 248.525.8881 PALMER WOODS 365 DAY MARKET REPORT $128 PRICE PER SQUARE FOOT 107 AVERAGE DAYS ON MARKET $665,000 AVERAGE SALES PRICE $1,300,000 HIGHEST SALES PRICE IN 2023
Page 24
1925 Wellesley Dr, Detroit, MI 48203 | Zillow 7/27/24, 4:53 PM ’ 2 Zillow pp ~:$700,000 Sold on 02/27, Est. refi payment: $4,621/mo Home value Owner tools Get a cash offer in 3 Find out how much your hc no-obligation cash offer. Estimated market value Home value (a)
Page 25
19291 Woodston Rd, Detroit, MI 48203 | MLS# 20230093731 | Redfin 2/14/24, 7:49 PM REDFIN IR 1-844-759-7732 Buyr Rentv Sell» Redfin Premier Mortgage + Real Estate Agents + Feed TORE TEs gts 3 = 88 This home sold 2 months ago Thinking of buying © $840,000 9 5 5,224 boars homes like this? Beds Baths Sq Ft Talk to a local agent like Anne. About this home Elegant Tudor estate boasts over 7,000 square foot of living Space. & resides in prominent Palmer Woods, accenting expansive lawns and fountain lit water feature. The grounds feature manicured landscapes, ornate iron light fixtures, covered breezeways, limestone and Show more v @ Single-family £9 Builtin 1934 Ml 0.37 acres I own 19291 Woodston Rd & $161 sold price per sq ft
Page 26
1414 Wellesley Dr, Detroit, Ml 48203 | Zillow 2/14/24, 8:57 PM (:$735,000 Sold on 12/07/23 Zestimate®: § Est. refi payment: $4,958/mo efinat evalue Ownertools Home details Ne Get a cash offer in 3 minutes Find out how much your home could sell for i no-obligation cash offer. Estimated market value Home value Zestimate ; $743,600
Page 27
1735 Lincolnshire Dr, Detroit, MI 48203 | MLS# 20230005578 | Redfin 2/14/24, 8:51PM y REDFIN [a] 1-844-759-7732 Buy+ Rents Sell» Redfin Premier Mortgage » Real Estate Agents + Feed & search Overview Redfin Estimate Home details Schools Climate Q Favorite & Edit Facts A Share wy OLD JUL 12,2023 ; = | Thinking of selling? © © LAST SOLD ON JUL12, 2023 FOR$575,000 © 1735 Lincolnshire Dr, Detroit, MI 48203 $612,642 6 4 4,887 SS Redfin Estimate Beds Baths SqFt Gogh viet Estimated sale price $583,000 - $693,000 Reach more buyers when you sell with Redfin. Plus, you'll save $6,126 | in fees. 0 Schedule a selling consultati Get an in-depth report about your home value and the Detroit market. Is this your home? | 1 own 1735 Lincolnshire Dr Track this home's value and nearby sales activity About this home Welcome Home to 1735 Lincolnshire! Step inside this rare to find Palmer Woods 1924 tudor. Situated on a corner lot, this home is sprawling with 5000 square feet of original charm and exquisite detail throughout. Foyer greets at the center of the home, leading you to your stately | Request a free analysis | Show more v @ Single-family
Page 28
1701 Balmoral Dr, Detroit, MI 48203 | MLS# 20230027573 | Redfin 2/14/24, 7:51PM REDFIN 1-844-759-7732 Buy Rentv Sell» Redfin Premier Mortgage + Real Estate Agents + Feed Climate Q favorite PE 1701 Balmoral Dr, $831,350 7 7.5 Redfin Estimate Beds Baths Reach more buyers when you sell with Redfin. Plus, you'll save $8,313 | in fees. ¢ Is this your home? I own 1701 Balmoral Dr Track this home's value and nearby sales activity About this home Get an in-depth report about your home value and the Detroit market. One of Detroit's prestigious and historical estates originally built for the former owner's family of the Detroit Tigers in 1925, Walter Owen “Spike” Briggs Jr. & commonly known as the ‘Briggs Mansion. ” This handsome Tudor estate was designed by architect Clarence E. Day and shows | Request a free analysis J Show more v @ Single-family
Page 29
19160 Woodston Rd, Detroit, MI 48203 | MLS# 20221070639 | Redfin [i REDFIN 1-844-759-7732 Search Overview Redfin Estimate 2/14/24, 7:45 PM Real Estate Agents + Feed $564,907 7 Redfin Estimate Beds Is this your home? Track this home's value and nearby sales activity About this home Welcome to the Stunning Neighborhood of Palmer Woods! Filled with some of Detroits largest and most Beautiful homes. As you enter through the front door of this 7 bedroom french Tudor you will be amazed with the flint stone tile and Dramatic wrap around staircase. Remarkable Show more v @ Single-family own 19160 Woodston Rd Thinking of selling? Esti Reach more buyers when you sell with Redfin. Plus, you'll save $5,649 in fees. Get an in-depth report about your home value and the Detroit market. | Request a free analysis |
Page 30
‘utebe - a[ofoa1 asea|d "91SEM JaWNsSu0o-}sod wouy spew si abexoed siyL PRESS FIRMLY TO SEAL VA FSC" C116916 PO ry - PRESS FIRM Board PAPER [ 2 oursjokoaigmoy PRIORITY | MAIL EXPRESS = ~ FLAT RATE ENVELOPE ONE RATE m ANY WEIGHT To schedule free Package Pickup, scan the QR code. USPS.COM/PICKUP JAR | PS10001000006 - FOR DOMES liye ZIP + 4° (U.S. ADDRESSES ont’ [3 a John Gierak & Dona Tracey 19305 AftonRd E etroit, MI 48203 LI SIGNATURE EQUIRED Noe: The mailer must check the “Signatur rR Te Modell Roost service, Tithe boxis not checked, the Postal Service will leave the it as vecetaclo or ler eure loalon wiout amp oobi ears’ signara LJ No Saturday Delivery (delivered next business day) ‘Sunday/Holiday Delivery Required (additional fee, where availabie®) *Refer fo USPS. com or local Post Office” for avalabilty. —— PHONE ( ) M | CHIGANV TAK TRIBUNA V.0- BX 3023% LAYSING , MI 48209 4P PEEUFROMTHISCORNER ~ = For pickup or USPS Tracking™, visit USPS.com or call 800-222-1811. ® $100.00 insurance included. ) | he: 1 UEenT ue