Petition 000 Island View .pdf
Christopher Schwanitz Petitioner Vs. Township Of Whitewater Respondent · 26-002825-TT
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000 ISLAND VIEW DRIVE Summary of Valuation The Subject Property & Comparable Sale #1 are the Only vacant property sales in the Forest Lakes in the Last 24 months The strongest evidence of the subject property’s True Cash Value is its own recent, verified, arm’s-length sale of the Subject Property of $425,000. The Subject Property was exposed to the open market for approximately 77 days, by a highly experienced agent who specializes in Land sales in Traverse City area . The real estate agent initially listed the Subject Property at $495,000 and ultimately sold for $425,000. Indicating that there were no market rate offers and thus the real estate professional and seller accepted the highest and best offer of $425,000. This accepted price after a professional marketing period indicated market value of the property. The listing was initially listed in June of 2025 or $495,000 and sold for $425,000 in September of 2025. There is no evidence that the sale was distressed, non-market, or influenced by special financing or atypical motivations. In addition, the only other verified vacant waterfront sale on within the Forest Lakes chain of lakes “Comparable #1” supports the conclusion that the subject property’s sale reflects market value after accounting for differences in functional utility. The Michigan Tax Tribunal has recognized that a recent purchase price may constitute the “most reliable indicator” of a property’s True Cash Value when supported by the evidence.
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w EN 0h py ax si Comp #1 Chandler 250K Su AMY ORV Trailheat 310K Grace Macdonald Park (3) S Subject Property HR 5000 SR H Am Lakes #5 Park Oo FOREST LAKES rbutus Lake State rest Campground“= Camp Greilick ©) 225K - 2 for 5 Q 57 Scheck's Place State — Forest Campground "=~ RY o Hobbs Huy Co2 ar Rd >
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A. Comparable Sales Comparable#1 Subject Property Item - 2466 Adjustment / Analysis Sale Chandler Rd. Sale Date 9/12/2024 7/11/2025 Listing Date 6/27/2024 6/16/2025 Original List Price $495,000 $325,000 Final List Price $425,000 $300,000 Sale Price $425,000 $310,000 Days on Market 77 25 Lot Size (Acres) 1.63 1.89 Land Area (SF) 71,003 82,328 Price per SF of Land $5.99 $3.77 Buildable Lakefront Area Comparable adjusted upward 40% as a result of appx 40% more buildable lakefront area on Subject Property Adjustment to Sale Price To "0%" "+"40% Comp Resulting Market Value $425,000 $ 434,000 PETITIONER’S OPINION OF MARKET $431,000 VALUE of Assessed Value $215,500
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Petitioner's Adjustment Analysis The Township's assessment appears to assume that all waterfront parcels having similar shoreline characteristics contribute equal residential utility. The market evidence indicates otherwise. The subject property and the Chandler Road comparable are located within the same Forest Lakes chain and represent the only recent vacant waterfront sales identified by Petitioner within that market. The Subject Property & Comparable Sale #1 are the Only vacant property sales in the Forest Lakes in the Last 24 months adjusted 40% for the additional 40% approximation for additional lake buildable area.
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(1)POTENTIAL BUILDABLECOMP 1 AREAS COMP #1 (1) 1
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7/27/26, 5:02 PM maps.grandtraverse.org/cc/dbviewer/dbvprint.asp?pid=03-233-018-71&from=main&indexfield=parcel_no&caption=Parcel&type=string&cid=3&… Parcel 03-233-018-71 Grand Traverse County Property Information 2026 Parcel: 03-233-018-71 Jurisdiction: East Bay Township Owner Name: MARTIN ALLEN S & DEVEREUX SCOTT JR Property Address: CHANDLER RD TRAVERSE CITY, MI 49696 Mailing Address: 1780 SWEETFERN WAY TRAVERSE CITY, MI 49696 2026 Property Information Current Taxable Value: $33,200 School District: 28010 Current Assessment: $33,200 Current S.E.V.: $33,200 Current P.R.E.*: 0% * This percentage may pertain to exemptions other than the Principal Residence Exemption. Current Property Class: 401 - Residential - Improved Tax Information Taxable Year Summer Tax Amount Winter Tax Amount 2025 $720.72 $175.06 2024 $456.74 $111.29 2023 $436.04 $101.29 Delinquent Tax Information For current delinquent tax information or to pay your delinquent taxes online, CLICK HERE and you will be redirected to a third party site. Property Sale Information COMP #1 (2) Sale Date Sale Amount Liber and Page 7/11/2025 $310,000.00 2025R-09205 7/15/2024 $285,000.00 2024R-08639 10/7/2020 $100,000.00 2020R-19376 https://maps.grandtraverse.org/cc/dbviewer/dbvprint.asp?pid=03-233-018-71&from=main&indexfield=parcel_no&caption=Parcel&type=string&cid=3&cc=1 1/2
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< Backto search COMP 1 CHANDLER (3)(3) ® Saved (1 Share - More COMP 1 CHANDLER COMP @¥ Sold for $310,000 $310,000 - == 189 Claim home 2466 Chandler Rd, Traverse City, MI 49696 beds baths Acres Est. refi payment: $1,906/mo (5 ] Refinance your loan SponsagLd Unimproved Land Built in ---- 1.89 Acres Lot o dl P T A Curious about loan options? 22 $-- Zestimate® Es, $--/sqft ¢ $1,890 Estimated rent You're in the right place. Get pre-approvedHome value
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What's special COMP 1 CHANDL Efgigpre—— COMP 1 CHANDLER PRIVATE SANDY SHORELINE (4)(4) Private Water frontage on Chandler Lake — Includes Two Parcels! Rare opportunity to own 1.89 acres across two parcels with direct frontage on Chandler Lake—a beautiful 44-acre all-sports lake just minutes from Traverse City. Sponsored Enjoy your own private sandy shoreline, ideal for swimming, boating, and relaxing lakeside. The primary parcel has ™" Curious about been recently cleared and offers a stunning blend of open space and mature trees, perfect for building your dream loan options? lakefront home with expansive water views and peaceful surroundings. The second, non-waterfront parcel You're in the wv Show more right place. Zillow last checked: 2 hours ago Listing updated: July 14, 2025 at 07:23am Get pre-approved Listed by: Leanne Deeren Home:231-709-0201, REO-TCFront-233021 231-947-9800 The right loan matters. We're here Bought with: Al Martin, 6501402248 to help you find yours. Berkshire Hathaway Homeservices - TC 2 Zillow Angela DiLorenzo, 6502388243 Learn More © Ca Home Loans Berkshire Hathaway Homeservices - TC Source: NGLRMLS, MLS#: 1935242 5 Facts & features Property Features Lot Has view: Yes « Size: 1.89 Acres View description: Countryside View, Seasonal View, « Features: Rolling Slope, Hardwoods, Wooded Water Water view: Water Details Waterfront features: Inland Lake, All Sports, Sandy + Parcel number: 0323302666 Bottom « Zoning description: Metes and Bounds Body of water: Chandler Lake Frontage type: Waterfront Frontage length: 185 Utilities & green energy Sewer: Private Sewer, None Water: Private, None Utilities for property: Electricity Available, Natural Gas Available, Cable Available Community & HOA
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cmon COMP 1 CHANDLER (5)(5) +s sme - ee COMP 1 CHANDLER Home value Cost calculator Home details Neighborhood + Sewer: Private Sewer, None + Water: Private, None « Utilities for property: Electricity Available, Natural Gas Available, Cable Available Community & HOA Sponsored Community Location Curious about loan options? » Features: None « Region: Traverse City You're in the « Subdivision: Metes & Bounds right place. Financial & listing details Get pre-approved The right loan matters. We're here + Tax assessed value: $32,400 to help you find yours. « Annual tax amount: $2,071 « Price range: $310K - $310K Zillow Learn More © Ts « Date on market: 6/16/2025 + Cumulative days on market: 25 days « Listing agreement: Exclusive Right To Sell « Listing terms: Conventional,Cash « Ownership type: Private Owner « Road surface type: Asphalt ~ Hide Services availability Find Internet/TV Provider smartmovep> 1 Price history Date Event Price 7/11/2025 Sold $310,000 +3.3% Source: § + NGLRMLS #1935242 Report 6/17/2025 Price change $300,000 -7.7% Source: § ~~ NGLRMLS #1935252 Report 6/16/2025 Listed for sale $325,000 Source: § + NGLRMLS #1935242 Report
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SUBJCT PROPERTY (1) POTENTIAL BUILDABLE AREAS
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KT + B LIV DPRLEINY3:3YS Parcel Viewer | Grand Traverse County [+] Search Address, Parcel ID, Owner Name Mailing [ele] (e]e] 13-03 ISLAN 10153 O Measurement » X TOLUC BE = Last ed Unit Feet (US) Distance 365.41 ft New measurement Clear measurement SUBJECT PROPERTY (2)
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• List price: $495,000 • Sale price: $425,000 • Listing date: June 27 2024 • Sale date: Sept 12 2024 SUBJECT PROPERTY (3)
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Utilities & green energy * Sewer: Private Sewer, None * Water: Private, None « Utilities for property: Cable Available, Cable Internet Community & neighborhood SUBJECTSUBJECT PROPERTYPROPERTY Community Location + Community features: Lake Privileges * Region: Traverse City (4)(4) * Subdivision: Island View Other Other facts * Listing agreement: Exclusive Right To Sell * Price range: $425K - $425K * Listing terms: Conventional Cash * Ownership type: Private Owner A Hide Services availability Simplisafe - 24/7 whole home security = Price history Date Event Price 9/12/2024 Sold $425,000 -14.1% é Report 6/27/2024 Listed for sale $495,000 ¢ Report Ee ft
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Just over 600 feet of direct private frontage and 1.6 acres of woods on all sports Island Lake. Enjoy Mother Nature at her best with bald eagles, loons, deer and a variety wildlife. Island Lake is a private all sports lake with no public access, and is near many acres of State Land and trails. Additional Deed Restrictions do exist and can be provided to potential buyers upon request. ls SUBJECTSUBJECT Zillow last checked: 18 minutes ago P RO P E RTY Listing updated: September 16, 2024 at 07:38am PROPERTY Listed by: Michael Annelin Cell:231-499-4249, Century 21 Northland 231-929-7900 5Bought with: Donald Fedrigon, 6502117560 (5) REMAX Of Elk Rapids Source: NGLRMLS, MLS#: 1924032 5 Facts & features Property Features Lot * Exterior features: Other ¢ Size: 1.63 Acres * Has view: Yes * Dimensions: 602 x 270 x 682 * View description: Water * Features: Wooded * Water view: Water « Waterfront features: Inland Lake, All Sports, Details Gradual Slope to Water, Private Lake ¢ Parcel number: 281303100606 * Body of water: Island Lake * Zoning description: Residential * Frontage type: Waterfront * Frontage length: 602 Utilities & green energy wv Show more Services availability Simplisafe - 24/7 whole home security =
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American Land Title Association FINAL ALTA Settlement Statement - Seller Adopted 05-01-2015 File No./Escrow No.: CO-14696 Searchlight Title Services - Traverse City Officer/Escrow Officer: Carrie Trojanek 434 E Front St Traverse City, Mi 49686 (231) 222-5266 Property Address: 000 ISLAND VIEW DRIVE TRAVERSE CITY, MI 49696 (GRAND TRAVERSE) (28-13-031-006-06) Seller: MARGARET ANN DENNIS REVOCABLE LIVING TRUST AGREEMENT DATED SEPTEMBER 6, 2007, AS AMENDED 13 Enfield Rd Saint Louis, MO 63132-4317 Settlement Date: 9/12/2024 Disbursement Date: ~~ 9/12/2024 Description Seller P.O.C. Debit Credit Deposits, Credits, Debits Sale Price of Property $425,000.00) Prorations City/Town Taxes 9/12/2024 to 1/1/2025 @ $2,098.92/Year $636.56) WINTER/County Taxes 1/1/2024 to 9/12/2024 @ $418.12/Year $291.31 (Commissi Real Estate Commission to Century 21 Northland $10,625.00) Real Estate Ct to Re/Max of Elk Rapids $10,625.00] Broker Compliance Admin Fee to Century 21 Northland $249.00] (Title Charges Title - Lender's Title Insurance to Blue Water Title Group Title - Owner's Title Insurance to Blue Water Title Group $2,037.00) Title - Settlementor closing fee to Searchlight Title Services - Traverse City $300.00] Title - Technology Fee to Searchlight Tile Services - Traverse City $50.00 Recording and Transfer Charges County Deed Tax/Stamps to Grand Traverse County Register of Deeds $467.50] State Deed Tax/Stamps to Grand Traverse County Register of Deeds $3,187.50] Record PR Deed to Grand Traverse County Register of Deeds $30.00 $30.00] Record QC Deed to Grand Traverse County Register of Deeds $30.00 $30.00] Record COT to Grand Traverse County Register of Deeds $30.00 $30.00] Record Survey to Grand Traverse County Register of Deeds $30.00 $30.00, Record Letters of Authority to Grand Traverse County Register of Deeds $30.00 $30.00, P.0.C. Debit Credit Subtotals $0.00] $27,982.31 $425,636.56) Due To Seller $397,654.25) Totals $0.00] $425,636.56) $425,636.56 SUBJECT PROPERTY (6) File # CO-14696 Page 1 0f2 Printed on 9/11/2024 at 5:44 PM
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Michigan Department of Treasury Reset Form 618 (Rev. 12-25) Petition to Board of Review L-4035 This form is issued under the authority of P.A. 206 of 1893, as amended. Filing is voluntary; however, you may not appeal to the Michigan Tax Tribunal unless you first protest to the Board of Review, except when the property is classified as commercial real, industrial real, or developmental real. You may not appeal property classification to the State Tax Commission unless you first protest to the Board of Review. TO BE COMPLETED BY OWNER OR OWNER’S AGENT Owner’s Name (Please Print or Type) Petitioner’s Name (If Other than Owner. Please Print or Type) Island Lake LLC Christopher Schwanitz/Amir Pavlovic Township or City County Year of Appeal Whitewater Township Grand Traverse County 2026 The undersigned protests the assessed value and/or the tentative taxable value and/or the property classification and/or the qualified agricultural property exemption of the following described property: Property Identified (Parcel code required. Property address and legal description optional.) Parcel Number: 13-031-006-06 Property Address: 000 Island View Dr Traverse City, MI 49696 Protested Item: Assessed Value Tentative Taxable Status Classification Qualified Agricultural Taxable Value (exemption) Property Exemption 1, PROTEST OF ASSESSMENT Complete this section for a protest of assessed value, including assessed value changes associated with exempt status and denied or late filed personal property forms. Assessed Value Owner’s Estimate of True Cash Value (Market Value) 577200 431800 2. PROTEST OF TAXABLE VALUE Complete this section for a protest of Taxable Value. Reason: Value of Losses Value of Additions Poverty Exemption Uncapping % 3. PROTEST OF CLASSIFICATION Complete this section for a request to change the classification. The Board of Review must make their decision regarding classification in accordance with Section 211.34c of the Michigan Compiled Laws. The Board of Review shall not be influenced by the effect that a particular classification has on that property’s status as a homeowner’s principal residence or qualified agricultural property.) Classification of property on this year’s assessment roll Residential (402) Classification should be (check one of the following): Agricultural Industrial Timber Cutover Utility (Personal Property Only) Commercial Residential Developmental 4. PROTEST OF EXEMPTION FOR QUALIFIED AGRICULTURAL PROPERTY If the assessor has denied or changed the percentage of the exemption from the 18 mills of local school operating tax for qualified agricultural proper- ty, the owner may appeal this action to the March Board of Review. THE BOARD OF REVIEW HAS NO AUTHORITY TO CONSIDER OR ACT UPON THE EXEMPTION FROM THE 18 SCHOOL OPERATING MILLS FOR HOMEOWNER’S PRINCIPAL RESIDENCE PROPERTIES.) Percent qualified agricultural exemption granted by assessor (Enter 0 if exemption Percent qualified agricultural exemption requested by owner (Enter 100 if full denied) exemption requested) REASON FOR PROTEST State reason(s) for protest of assessed value and/or the tentative taxable value and/or taxable status and/or classification and/or qualified agricultural property exemption The property was purchased in Sept 2024 in an arm’s-length market transaction for $425,000 after extended exposure on the open market. The current SEV of $577,200 implies a market value of approximately $1,154,400, which is inconsistent with the recent verified purchase price. Property shape contains large narrow triangular portion effectively unusable due to a 50-foot lake setback, a 35-foot rear roadway easement required by deed restrictions. Zillow published appreciation for the 2025 yr =1.6%. Thus the best appx of market value=$425,000x(1.016)=$431,800 CERTIFICATION Signature Date Phone Number 3/6/2026 3235335783 Address 10153 riverside dr LA CA 91602
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618, Page 2 FOR BOARD OF REVIEW USE ONLY INSTRUCTIONS: Incorporate a copy of this form and the assigned number in the Board of Review minutes Petition Number Parcel Code 1. ASSESSED VALUE Disposition by Board of Review. The Board of Review must state the reason for its action below. Denied Assessed Value Changed From to Record of Vote — Board or three-member committee of board Chairperson: Yes No Member: Yes No Member: Yes No Initials Initials Initials Reason for Board Action If you disagree with the decision of the Board of Review regarding tentative assessed value, you may appeal that decision by filing a petition with the Michigan Tax Tribunal at PO Box 30232, Lansing, MI 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industrial Personal and Utility Personal Property may be appealed by May 31. Agricultural Real, Residential Real, Timber-Cutover Real and Agricultural Personal Property may be appealed by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxtrib. 2. TENTATIVE TAXABLE VALUE Disposition by Board of Review. The Board of Review must state the reason for its action below Denied Tentative Taxable Value Changed From to (See attached L-4035A) Record of Vote — Board or three-member committee of board Chairperson: Yes No Member: Yes No Member: Yes No Initials Initials Initials Reason for Board Action If you disagree with the decision of the Board of Review regarding tentative taxable value, you may appeal that decision by filing a petition with the Michigan Tax Tribunal at PO Box 30232, Lansing MI 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industrial Personal and Utility Personal Property may be appealed by May 31. Agricultural Real, Residential Real, Timber-Cutover Real and Agricultural Personal Property may be appealed by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxtrib. 3. CLASSIFICATION Disposition by Board of Review. The Board of Review must state the reason for its action below. Denied Classification Changed From to Record of Vote — Board or three-member committee of board Chairperson: Yes No Member: Yes No Member: Yes No Initials Initials Initials Reason for Board Action If you disagree with the decision of the Board of Review regarding classification, you may appeal by sending Form 2167 to the State Tax Commission at PO Box 30471, Lansing MI 48909, by June 30. 4. QUALIFIED AGRICULTURAL PROPERTY EXEMPTION Disposition by Board of Review. The Board of Review must state the reason for its action below. Exemption Request Denied Exemption percent modified from % to % Record of Vote — Board or three-member committee of board Chairperson: Yes No Member: Yes No Member: Yes No Initials Initials Initials Reason for Board Action If you disagree with the decision of the Board of Review regarding qualified agricultural property exemption, you may appeal that decision by filing a petition with the Michigan Tax Tribunal at PO Box 30232, Lansing MI 48909 by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxtrib. 5. ADJOURNMENT Date of Final Adjournment of Board of Review Board of Review Secretary Signature Date