Record Card Valuation Report.pdf
Mrc Meadowbrook LLC, Petitioner V City Of Novi, Respondent · 24-003367-TT
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*** Information herein deemed reliable but not guaranteed*** OAKLAND County: CITY OF NOVI Jurisdiction: Printed on Parcel Number: 50-22-24-351-001 258,830C 330,100 204,400 125,700 2021 267,370C 350,270 214,360 135,910 2022 280,730C 361,760 219,060 142,700 2023 374,050S 374,050M 374,050 224,210 149,840 2024 Taxable Value Tribunal/ Other Board of Review Assessed Value Building Value Land Value Year Work Description for Permit J971000, Issued 09/04/1997: TENANT ALTERATION Land Improvement Cost Estimates Description Rate Size % Good Cash Value Commercial Local Cost Land Improvements Description Rate Size % Good Arch Mult Cash Value ASPH PKG SPACES 1,100.00 32 39 107 14,784 Total Estimated Land Improvements True Cash Value = 14,784 * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason Value COMMERCIAL COMMERCIAL 33977 SqFt 8.82000 100 299,677 0.78 Total Acres Total Est. Land Value = 299,677 Land Value Estimates for Land Table 20100.COMMERCIAL JMG 04/03/1997 INSPECTED JL 05/13/2013 SKETCH DRA STF 01/27/2015 INSPECTED Who When What Level Rolling Low High Landscaped Swamp Wooded Pond Waterfront Ravine Wetland Flood Plain Topography of Site Dirt Road Gravel Road Paved Road Storm Sewer Sidewalk Water Sewer Electric Gas Curb Street Lights Standard Utilities Underground Utils. Public Improvements Vacant Improved X The Equalizer. Copyright (c) 1999 - 2009. Licensed To: City of Novi, County of Oakland, Michigan Comments/Influences T1N, R8E, SEC 24 N 128.94 FT OF PARCEL DESC AS PART OF SW 1/4 BEG AT PT DIST N 00-02-37 E 285.82 FT FROM SW SEC COR, TH N 00-02-37 E 648.94 FT, TH N 89-36-54 E 262.09 FT, TH S 648.94 FT, TH S 89-36-54 W 262.58 FT TO BEG 0.78 AMN454B-1 Tax Description MRC MEADOWBROOK LLC 5333 MCCAULEY DR STE 1018 Ypsilanti MI 48197 Owner's Name/Address 24520 MEADOWBROOK RD Property Address 2024 Est TCV 748,109 TCV/TFA: 135.72 MAP #: P.R.E. 0% CLOSED J971000 09/04/1997 TENANT ALTERATION School: NOVI COMMUNITY SCHOOLS Status Number Date Building Permit(s) Zoning: RM-1 Class: COMMERCIAL-IMPROV 0.0 NOT VERIFIED 17155-226 03-ARM'S LENGTH WD 03/11/1997 550,000 H & S PROPERTIES L.L.C JONES JANIS M 100.0 PROPERTY TRANSFER L58554-P845 03-ARM'S LENGTH PTA 04/14/2023 630,000 MRC MEADOWBROOK LLC H & S PROPERTIES L.L.C Prcnt. Trans. Verified By Liber & Page Terms of Sale Inst. Type Sale Date Sale Price Grantee Grantor 09/05/2024
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Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical X Few Average Many Unfinished Typical X Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil X (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: D Quality: Average Stories: 1 Story Height: 10 Perimeter: 413 Overall Building Height: 10 Base Rate for Upper Floors = 188.09 (10) Heating system: Package Heating & Cooling Cost/SqFt: 28.34 100% Adjusted Square Foot Cost for Upper Floors = 216.43 Total Floor Area: 5,512 Base Cost New of Upper Floors = 1,192,962 Reproduction/Replacement Cost = 1,192,962 Eff.Age:25 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 47 /100/100/100/47.0 Total Depreciated Cost = 560,692 Unit in Place Items Rate Quantity Arch %Good Depr.Cost Canopy 32.54 152 1.07 47 2,487 ECF (OFFICE) 0.770 => TCV of Bldg: 1 = 433,648 Replacement Cost/Floor Area= 217.39 Est. TCV/Floor Area= 78.67 ** ** Calculator Cost Data ** ** Quality: Average Heat#1: Package Heating & Cooling 100 Heat#2: Package Heating & Cooling 0% Ave. SqFt/Story: 5512 Ave. Perimeter: 413 Has Elevators: *** Basement Info *** Area: Perimeter: Type: Finished Basement Heat: Forced Air Furnace * Mezzanine Info * Area #1: Type #1: Office (No Rates) Area #2: Type #2: Office (No Rates) * Sprinkler Info * Area: Type: Average Low X Ave. Above Ave. High Construction Cost Comments: Overall Bldg Height 10 Year Built Remodeled 1985 1997 Depr. Table : 3% Effective Age : 25 Physical %Good: 47 Func. %Good : 100 Economic %Good: 100 Class: D Floor Area: 5,512 Gross Bldg Area: 5,512 Stories Above Grd: 1 Average Sty Hght : 10 Bsmnt Wall Hght Desc. of Bldg/Section: DENTIST OFFICE Calculator Occupancy: Medical - Dental Clinics *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 1 of 1 Printed on Parcel Number: 50-22-24-351-001 09/05/2024
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*** Information herein deemed reliable but not guaranteed*** Parcel Number: 50-22-24-351-001, Commercial/Industrial Building 1 Printed on 09/05/2024 Parcel Number: 50-22-24-351-001, Commercial/Industrial Building 1 36.8" Ey ¥ | Office - Dental Clinic 1Sty- 10'H 5512.8 sf 5 4 ) ~N Canopy 152.0 sf RN ad - 3 ~N Slab 9 60.0 sf 5' © NS h 2 h - 4 [2.1 7] 3 3 36.8" 24464 MEADOWBROOK Sketch by Apex Sketch *** Information herein deemed reliable but not guaranteed***
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Valuation Report DB: Novi City 2024 09/05/2024 03:21 PM 374,050 374,050 374,050 294,760 374,050 0 2024 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT 0 12,290 0 0 93,320 0 2024 New Eq. Adjustment Loss Additions Tax Adjustment Losses 361,760 361,760 361,760 280,730 5.00 2023 Assessed MBOR S.E.V. Base for Cap C.P.I. Est. TCV/Total Floor Area = 135.72, Most recent sale 04/14/2023 for 630,000 2024 Est. T.C.V. 50-22-24-351-001 = 748,109 Total Estimated True Cash Value of Commercial/Industrial Buildings = 433,648 Replacement Cost/Floor Area= 217.39 Est. TCV/Floor Area= 78.67 ECF (OFFICE) 0.770 => TCV of Bldg: 1 = 433,648 Canopy 32.54 152 1.07 47 2,487 Unit in Place Items Rate Quantity Arch %Good Depr.Cost Total Depreciated Cost = 560,692 Eff.Age:25 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 47 /100/100/100/47.0 Reproduction/Replacement Cost = 1,192,962 Total Floor Area: 5,512 Base Cost New of Upper Floors = 1,192,962 Adjusted Square Foot Cost for Upper Floors = 216.43 (10) Heating system: Package Heating & Cooling Cost/SqFt: 28.34 100% Base Rate for Upper Floors = 188.09 Overall Building Height: 10 Stories: 1 Story Height: 10 Perimeter: 413 Class: D Quality: Average <<<<< Calculator Cost Computations >>>>> Costs are taken from the Medical - Dental Clinics cost schedules. Description of Occupancy: DENTIST OFFICE Cost Estimates for Commercial/Industrial Building/Section: 1 Built 1985 Total Estimated Land Improvements True Cash Value = 14,784 ASPH PKG SPACES 1,100.00 32 39 107 14,784 Description Rate Size % Good Arch Mult Cash Value Commercial Local Cost Land Improvements Description Rate Size % Good Cash Value Land Improvement Cost Estimates 0.78 Total Acres Total Est. Land Value = 299,677 COMMERCIAL COMMERCIAL 33977 SqFt 8.82000 100 299,677 Description Frontage Depth Front Depth Rate %Adj. Reason Value * Factors * Land Value Estimates for Land Table 20100.COMMERCIAL Map #: CITY OF NOVI NOVI, MI 48375 Property Class: 201 24520 MEADOWBROOK RD 50-22-24-351-001 2024 Est. T.C.V. MRC MEADOWBROOK LLC