Disclosure - Docket #25-002627 - BORENSTEIN.pdf
William B Borenstein, Petitioner V Township Of West Bloomfield, Respondent · 25-002627-TT
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Bilao VALUATION DISCLOSURE FOR PROCEEDINGS AT THE MICHIGAN TAX TRIBUNAL MTT Docket No: ~~ 25-002627 Tax Parcel No: X 18-23-451-165 Petitioner: William Borenstein 5269 Simpson Lake West Bloomfield, MI 48323 Agent: William Borenstein 5269 Simpson Lake West Bloomfield, MI 48323 Respondent: Charter Township of West Bloomfield 4550 Walnut Lake Road West Bloomfield, MI 48323 Appeal Year: December 31, 2024, for 2025 Tax Year December 31, 2025 for 2026 Tax Year Prepared by: Robert Scripture, Assessor Cor Smee Angie Bkfrer Chief Appraiser Keith Hartman, Property Appraiser
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Table of Contents LOOT I = PI 1 Table of CONTENTS «iii errr n eres 2 Master Letter uuu ser 3 TOWNSHIP MAP 1ctvaiinviinsiieiiii riers esr sss e sree eens 4 SUbJECt Photographs ..rreereisiicr is vcreeere essere sess ssssrn eres sssnsren se rmmsens ss ennnnnes 5-6 SUbJECt Arial MAP cure iirinirirssirsessssmrreres sss ss sssrr eres sn ners enneer nesses ranrnnens 7 Subject Record Cards... mrersesessserrsresssnesssesssseeessnnenes 8-11 Valuation REPOM....eueiiiiciiiniiiiiirrre essere essere sss eres rene sees snes 12-13 Market Comparison ANAIYSIS ....occuiiieerrineenserrrsiersire esses sree 14-15 ECF ANAIYSIS ..ouveiiiiniiieiinreis sissies snes sms sess smn esse esses sn smn es snseeas 16-17 Subject and Comparable Map ...uueeeecvieereiririeeeer serene reser essrssrenes eens 18-19 SUDJECE SKELCh viii iiss rs rer 20 File Maintenance RECOMS uvvuiriciirismmssnmscsinssssensisen sas sesens snes sssessnnnns 21 Scope of Work and Certification .......ocvevccecn vines ee 22 Appraiser’s QUAlIfiCatioNS. cece rere ————— 23-26 FAV (a [=T 3a 11 oF TSOP 27 Pictures and Maps of Comparables. .........ccccrervessiniscsnesessnnnnnines ne. 28-45 LISHNG «rvuevreseessresssssssssnssssesssssssesssesssssssnsssssssssss sess smssssssesssssosansss onsen 46-48
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#* west, Bloomfield PRSEE aii eed October 15, 2026 Chief Clerk Michigan State Tax Tribunal PO Box 30232 Lansing, MI 48909 RE: Address: 5269 Simpson Lake Tax Parcel No: X 18-23-451-165 MTT Docket No: #25-002627 Dear Sir/Madam: Please find enclosed the valuation disclosure for the subject property listed above. We set the Assessment utilizing Mass Appraisal. For appeal purposes, the property is valued on an individual basis with the Sales Comparison Approach, which focuses on the specifics of that home only. We used the Cost Approach and the Sales Comparison Analysis in preparation for this disclosure. A transfer of ownership occurred on April 29, 2024 for $410,000. The ‘original’ Assessed Value, True Cash Value, and Taxable Value for the year at issue are: Tax Day Tax Year TCV Assessed Value Taxable Value 12/31/2024 2025 409,920 204,960 204,960 12/31/2025 2026 417,240 208,620 208,620 The Michigan Tax Tribunal makes an independent determination of value based on all the evidence available. This valuation disclosure concludes the following values: Tax Day Tax Year TCV Assessed Value Taxable Value 12/31/2024 2025 372,580 186,290 186,290 12/31/2025 2026 380,000 190,000 190,000 Sincerely, vi z RN A Robert Zeripture, Assessor Daniel L. Sears, Chief Appraiser Age Sie, Chief Appraiser Keith Hartman, Property Appraiser West Bloomfield Township * 4550 Walnut Lake Rd wbtownship.org West Bloomfield, MI 48323 _= fax (248) 682-7851
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Subject Property — Aerial Map ot 2 12 widsus.
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2025 Valuation Report 10/12/2026 Valuation Report 09:49 AM DB: WhL2025 X -18-23-451-165 2025 Est. T.C.V. BORENSTEIN, WILLIAM Property Class: 407 5269 SIMPSON LAKE Map #: 123 Twp. of West Bloomfield WEST BLOOMFIELD, MI 48323 Land Value Estimates for Land Table CD03.Land Table CD03 * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason Value <site Value A> site value 40000 100 40,000 0.00 Total Acres Total Est. Land Value = 40,000 Cost Est. for Res. Bldg: 1 Single Family 1 Story cls ¢ 10 Blt 1997 (11) Heating System: Forced Heat & Cool Ground Area = 1636 SF Floor Area = 1676 SF. Phy/Ab. Phy/Func/Econ/Comb. % Good=73/100/100/100/73 Building Areas Stories Exterior Foundation Size Cost New Depr. Cost 1 Story Siding/Brick Basement 1,636 1 Story siding overhang 22 1 Story siding overhang 18 Total: 289,949 211,639 Other Additions/Adjustments Basement Living Area 1100 42,240 30,835 Plumbing 3 Fixture Bath 2 9,950 7,263 Ceramic Tile Floor 3 3,598 2,627 Ceramic Tub Alcove 2 1,611 1,176 Porches CCP (1 Story) 37 1,268 926 Deck Treated Wood 300 5,778 4,218 Garages Class: C Exterior: Sid/Br Foundation: 42 Inch (Finished) . Base Cost 452 27,025 19,728 Common Wall: 1.5 Wall 1 -4,314 -3,149 Brick Veneer 70 1,289 941 Built-Ins Dishwasher 1 834 609 Garbage Disposal 1 280 204 Jacuzzi repl.Tub 1 7,097 5,181 Microwave 1 453 331 Fireplaces Prefab 1 Story 1 2,776 2,026 Totals: 389,834 284,555 Notes: ECF (ECF Table 397CD) 1.300 => TCV: 369,922 2025 Est. T.C.V. X ~18-23-451~165 = 409,922 Est. TCV/Total Floor Area = 244.58, Most recent sale 04/29/2024 for 410,000 2024 Assessed. MBOR S.E.V, Base for Cap IRM 207,040 207,040 207,040 94,396 3.10 2025 New Eq. Adjustment Loss Additions Tax Adjustment Losses 0 -2,080 0 o 110,564 0 2025 Assessed MBOR §.E.V. Capped ->Taxable<- PRE/MBT 204,960 204,960 204,960 97,322 204,960 204,960 12
Page 13
2026 Valuation Report 10/12/2026 Valuation Report 09:57 aM 0B: WhL2026 X -18-23-451-165 2026 Est. T.C.V. BORENSTEIN, WILLIAM Property Class: 407 5269 SIMPSON LAKE Map #: 77 Twp. of West Bloomfield WEST BLOOMFIELD, MI 48323 Land Value Estimates for Land Table CD03.Land Table CD03 * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason value <Site Value A> site value 40000 100 40,000 0.00 Total Acres Total Est. Land Value = 40,000 Cost Est. for Res. Bldg: 1 Single Family 1 Story cls © 10 Blt 1997 (11) Heating System: Forced Heat & Cool Ground Area = 1636 SF Floor Area = 1676 SF. Phy/Ab. Phy/Func/Econ/Comb. % Good=72/100/100/100/72 Building Areas Stories Exterior Foundation Size Cost New Depr, Cost 1 story Siding/Brick Basement 1,636 1 story siding overhang 22 1 story siding overhang 18 Total: 307,806 221,605 Other Additions/Adjustments Basement Living Area 1100 11,745 30,056 Plumbing 3 Fixture Bath 2 9,666 6,960 Ceramic Tile Floor 3 3,807 2,741 Ceramic Tub Alcove 2 1,591 1,146 Porches CCP (1 Story) 37 1,344 968 peck Treated Wood 300 5,610 4,039 Garages Class: C Exterior: Sid/Br Foundation: 42 Inch (Finished) Base Cost 452 26,248 18,899 Common Wall: 1.5 Wall 1 -1,191 ~3,018 Brick Veneer 70 1,252 901 Built-Ins Dishwasher 1 824 593 Garbage Disposal 1 277 199 Jacuzzi repl.Tub 1 7,014 5,050 Microwave 1 148 323 Fireplaces Prefab 1 Story 1 2,744 1,976 Totals: 406,185 292,438 Notes: ECF (ECF Table 397CD) 1.290 => TCV: 377,245 2026 Est. T.C.V. X -18-23-451-165 = 117,245 Est. TCV/Total Floor Area = 248,95, Most recent sale 04/29/2024 for 410,000 2025 Assessed MBOR S.E.V. Base for Cap IRM 204,960 204, 960 204,960 204, 960 2.70 2026 New Eq. Adjustment Loss additions Tax Adjustment Losses 0 3,660 0 0 3,660 0 2026 Assessed MBOR S.E.V. Capped ->Taxable<- ERE/MBT 208, 620 208,620 208, 620 210,493 208, 620 208, 620 13
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Page 18
2025 Subject and Comparable Map gdwo) @ 18
Page 19
2026 Subject and Comparable Map gdwo) @ 19
Page 20
Subject Property — Sketch SKETCH/AREA TABLE ADDENDUM | SUBJECT INFO File No.: Parcel No,: X -18-23-451-165 Property Address: 5269 SIMPSON LAKE Clty: WEST BLOOMFIELD County: OAKLAND State: MI ZipCode; 48323 Owner: BORENSTEIN, WILLIAM ~ . Client: 00000 Client Address; Appraiser Name: inspection Date: SKETCH Br 13 TDK (IRR) so Xa 1OHFR | 32.0'sf 0 xag [© 3003s 18.0 sf AN bo Va N\ yd 44" ~ 1-B Brk/Fr I 1635.5 sf © 0) ~t| 21 3 +4' BRK x 28.0° P Fin 3 hd BekiFr Gar 74 & 451.5 sf cer |. in 37.05 15.6 +4 BRK x 17.6' © ILOOKABOUT (US) Inc. dba Apex Software. Page 1 20
Page 21
Subject Property - File Maintenance Record Parcel Number 10/12/2026 10:01 AM Comments Report Comment Type Comment X -18-23-451-165 General Comment 9/25/26-Calc only for AC permit-mh 6/17/24 - Updated info per PTA - RM 5/15/24-NH. LC for record appraisal. Reviewed ext and updated photos. Updated record per listing. Listing states there is a hot tub in the basement. Unable to tell Lif it's personal property or not. Did not pick up hot tub. Close permit-mh 5/13/24 - Updated info per warranty deed - RM 01/22/2018 Removed Ernest Lofton from parcel because he passed away - ak 01/22/2018 - Updated info. per PTA for a sale from 2012. - ak 10/13/2017- Updated info. per SDD =~ AK 21
Page 22
Scope of Work This Valuation Disclosure has been prepared due to a Statutory Duty of the Assessor defending an Ad Valorem property assessment. We may or may not have been granted access to the subject property for this disclosure, or for the original Ad Valorem assessment. In such cases where we have not had access to the subject property, the condition, quality and amenities may be based upon an estimate. We have taken reasonable steps to ensure that these estimates are reasonable and just. Market research includes a review of recorded sales, current listings of the subject's market area and/or competing market areas. Certification The undersigned certify that: To the best of our belief, all statements and information contained herein are true and correct, subject to the assumptions and limiting conditions as set forth in the valuation disclosure. We have no present or contemplated future interest in the property that is the subject of this valuation disclosure. We have no personal interest or bias with respect to the subject matter of this valuation disclosure or the parties involved. This assignment is a statutory requirement. This valuation disclosure was not contingent upon the value estimated, nor upon reporting a predetermined value. The Assessor's Department for the Charter Township of West Bloomfield completed this document for the Michigan Tax Tribunal proceedings. Michigan statute requires the annual assessment of property. This valuation disclosure has been prepared with accepted standards of assessment administration. The wages of the West Bloomfield Assessing Department personnel are not contingent in any outcome of the proceedings. Robert Scripture, Assessor L. Sears, Chief Appraiser @ngela SKiver, Chief Appraiser Keith Hartman, Property Appraiser 22,
Page 23
Robert C. Scripture MMAO, Michigan Master Assessing Officer Certified Personal Property Examiner West Bloomfield Assessor Current Employment: Charter Township of West Bloomfield ~ Assessor 2016 — Present Previous Employment: Oakland County Equalization ~ Chief Assessor 2004 - 2016 Certifications: Michigan Masters Assessing Officer (MMAQO) R-8560 2014 Michigan Certified Personal Property Examiner #1810 Formal Education: Baker College of Business, Auburn Hills Bachelor of Business Administration Oakland Community College Associates of Business Affiliations: IAAO — Member OCAAO - Trustee, Technology Committee MAA — District Ili Representative, Long-Term Planning Committee, Instructor, Author 23
Page 24
DANIEL L. SEARS, MAAO (3) CHIEF PROPERTY APPRAISER CERTIFIED PERSONAL PROPERTY EXAMINER CURRENT OCCUPATION: * Chief Property Appraiser, West Bloomfield Township 1990 ~ Current Appraisal Education: * Fundamentals of Real Estate * Property Value Assessment Administration, Business 280 * Property Tax Law Valuation Concepts, Business 281 * Commercial and Industrial Appraisals, Business 283 * Assessment, Equalization and Allocation, Business 284 * Advanced Income Approach to Value, Business 288 * State Assessors Board, Course I and * TAAO Mass Appraisal of Residential Property * Personal Property, MAA * Michigan Tax Tribunal Procedures, MAA * Computer, MAA * Narrative Appraisal, MAA * Tax Law and Exemptions, MAA * Appraisal Standards and Ethics, MAA * Proposal A Implementation * Planning and Administering Finance * Introduction to ArcView GIS * Advanced Computers, MAA * Principles of Public Administration, MAA * How to Critique an Appraisal, MAA Formal Education: * Oakland University, Business Management Professional Appraiser Certifications: * MAAO #1992 State Certified Appraiser * State Certified Personal Property Examiner #949 Organizations: * Michigan Assessors Association *0.C.A.AO. Licenses: Real Estate License 24
Page 25
Angela Skiver, MAAO (3) Chief Property Appraiser Charter Township of West Bloomfield Current Occupation Chief Property Appraiser Charter Township of West Bloomfield Appraisal Education Personal Property Course Communications/Public Speaking Course Property Tax Law Course Michigan Tax Tribunal Procedures Course Computers/Financial Calculators Course Income Approach Course Principal Residence Exemption Course General Education Associate Degree Liberal Arts Oakland Community College Appraiser Certification Michigan Advanced Assessing Officer (Level III) #8959 Certified Personal Property Examiner Michigan State Tax Commission Organizations Oakland County Association of Assessing Officers Michigan Assessors Association 25
Page 26
Keith W. Hartman, MAAO (3) Property Appraiser Charter Township of West Bloomfield Current Occupation o Property Appraiser, Charter Township of West Bloomfield 2013-2019 2021-Current Appraiser Education/Courses Basic Income Principles of Appraising Commercial and Industrial Appraising Statistics Valuation and Economic Concepts Personal Property Land Valuation & Economic Condition Factors Property Tax Administration Equalization and Data Collection oO 0 0 0 0 0 © 0 0 General Education o Bachelor of Arts in Psychology - San Francisco State University o Pre-requisites for Graduate Studies — University of British Columbia, Vancouver Appraiser Certification o Michigan Advanced Assessing Officer certification (MAAQ — Level 111) o Michigan Certified Assessing Officer (MCAO - Level IT) o Certified Personal Property Examiner Organizations: o Michigan Assessors Association o Appraisal Institute 26
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ADDENDUMS 27
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5239 Simpson Lake — Comparable #1 (Front) 2025 28
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5249 Simpson Lake — Comparable #2 (Aerial Map) 2025 Poranoe 33
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5272 Simpson Lake — Comparable #3 (Aerial Map) 2025 DF Osx
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5249 Simpson Lake — Comparable #2 (Aerial Map) 2026 Tornoe 42
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5272 Simpson Lake — Comparable #3 (Aerial Map) 2026
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Listing — Page 1 5269 SIMPSON LAKE Road Unit#76, West Bloomfield Twp 48323-3439 MLS#: 20221051134 Area: 02181 - Wast Blaomflald Twp Short Sale: No P Type: Condomintum DOM: N/10/10 Status: Sold LP $404,900 Trons Type: Sale ote: sanao00 ij) ERTS/FS SP: $410,000 Location Information Sarge; Ves Lot Information County: Oakdand Tot Grg 5p: 2.0 Acreage: Township: rest Bloomfield gg op, 5 co Lot Dim: Malling City: West: Bloomfleld Grg Dim: Rd Front Ft: Side of Str: Grg Feat: Direct Access, Electrlclty, Door Opener, Attached School Dist: ~~ West Bloow field Location: ~~ N of Walnut Laka and E of Orchard Dlrections: ORCHARD LAKE RD N TO WALNUT LAKE MAKE LEFT TO SIMPSON LAKE ‘Square Footage Lavout ntact Information Sqft Saurce; Public Records Beds: 3 Name: DARREN JOHNSON Baths: 3.0 Phone: (313) 506-8661 Rooms: El Arch Sty: Ranch Arch Lv); 1 Stary Site Desc: Waterfront Inforination General Informatior Wirfrat Name: Simps Year Bull: 1.997 Water Faclities: Lake Privileges Year Remod: Water Fre Feet: Listing Date: Activation Date: Pending Date: Land DWE: Protect Period: Terms Offered: Listing Exemptions: Listing Information 03/22/2024 List Type/Level Of Service: Exclusive Right to Sell/Full Service 03/22/2024 Arrange Appointments, Accept/Prosent Offers, Advise on Offers, Assist with Counteroffars, Negotiate for Seller 04/01/2024 04/01/2024 BMK Date: Contingency Date: “a Land Payment: Land Cnt Term: ’ 180 Restrictions: Exclusion: Possession: Close Plus 31-60 Days Cash, Conventional, FHA MLS Source: REALCOMP Originating MLS# 20221051134 Features Pets Allowed: Yas Entry Location: Ground Level Foundation Basement Fndtn Material: Poured Basement: Finishad Exterior Feat: Lighting, Pool ~ Community Exterior: Brick, Wood Costret Feat: Fireplc Fuel: Gas Fireplace Loc: Great Room Porch Type: Deck, Porch Roof Material ~~ Asphatt Likerfor Feat: “Tenant Amen; De-Humidifier Laundry In-Unlt Heat 8 Fuel: Natural Gas, Forced Alr Cooling: Central Air Wir Hi Fuel: Elactric, Natural Gas Road: Paved, Private Water Source: Public (Municipal) Sewer: Sawer (Sewer-Sanitary) Roam Information Boom Level Dien Floozlng, Room Level er Flooring. Bath - Full Basement 8x8 Ceramic Bath - Fall First/Entry 7X 0 Ceramic Bath - Primary First/Entry 9x14 Ceramic Batlroom Basement 12x14 carpet Bedroom First/Entry 11x11 Carpet Badroom - Primary Fiyst/Entry 14 x17 Carpet Breakfast Nook/Room First/Entry 9 % 10 Ceramic Dinkag Room Eirst/Entry 12x 13 Cmpet Graat Room First/Bntry 14 x 20 Carpet Kitchen First/Entry 10 x 12 Ceramic Laundry Area/Room Basement 13 x 18 Ceramic Library (Study) Flrst/Entry 14x14 Carpet \egai/Tax/Financtal 1823451165 Subdivision: WEST BLOOMFIELD FAIRWAYS OCCPN 129 Standard (Private) Occupant: Owner Tex Summer: $2,960 Tax Winter: $1,180 Homestead: Vas Oth/Sp Asmnt: 66.00 SEV: $157,700 Taxoble Values $85,620 Exlsting Lease: No Homme Warranty: No Lagal Desc: TZN, RIE, SEC 23 OAKLAND COUNTY CONDOMINIUM PLAN NO 120 WEST BLOOMFIELD FAIRWAYS UNIT 76 L 6070 P 784 6-6-94 FR 138 Homeowner Association Infoymation Assou Fee Amb: 489 Working Capital: Association Contact\Websita: Fee Frequency: Monthly Association Phone\Emait: 248-888-3200 Fee Includes: Agent/Office Tnformatien Jobnson Premier Realty Co List Office Ph:(248) 737-9993 DARREN JOHNSON 3g List Agent Ph: (248) 737-9993 Listing Exemptions: Access; Appaintment/LockBox LB Location: Front Doar Remarks Public BEAUTIFIA. CONDO in West Bloomileld sault after area with Private Lake Access next to Golf course; featuring 3 bedrooms and 3 Remarks: bathrooms, office with French doors that could possibly be 4th bedroom, cathedral callings with apen floor plan and skylights In the Kitchen area, formal dining room, large great roam with gas fireplace 8 custom buili-In wall cabinet, lots of windows with natural Nght, large finished basement with a & person Jacuzz! In (ower bedroom with walle-out closet and a 2 car attached garage. Community centr with swimming pool, Close to fraeways, schools and shops. ALL MEASUREMENTS ARE APPROXIMATE. BUYER/BUYER'S AGENT T0 VERIFY ALL INFORMATION, 24hr notice hefore shoving Is. A MUST. CONTACT AGENT TODAY! , REALTOR® BEAUTIFUL CONDO In West Bloomfield saulk after area with Private Laka Access, next ta Golf course; featuring 3 bedrooms and 3 Remarks: bathrooms, office with French doors that could possibly be 4th bedroom, cathedral cellings with open floor plan and skylights In the Wkchen arca, formal dining room, large great room with gas fireplaca & custom bulli-in wall cabluet, lots of windows with natural light, targa finished basement with a 6 person jacuzzi Jn lower bedroom with watk-out closet and a 2 car attached garage, Community center with swimming pool, Close to freeways, sthools and shops, ALL MEASUREMENTS ARF APPROXIMATE, BUVER/ BUYER'S AGENT TO VERIFY ALL INFORMATION. 24br notice befora showing Is A MUST, CONTACT AGENT TODAYI Sold Information 46
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Listing — Page 2 Sold Date 04/29/24 Sold price: $410,000 Short Sale: No SP/LP:101.26% 3rd Party Appr: Finance Code: Cash Sale SP/SqFt Ab: $245 SP/OLP:101.26% Selling Office: EXP Realty Plymouth Salling Office Ph: (248) 692-4377 Selling Agent: Justin § Ford Selling Agent Ph:(248) 692-4377 Co-Selling Agent: Co-Selling Agt Ph: Sell Concessions: No Sell Concession Comments Notices and Disclaimers Ee 1. Taroush this platform, users MUST NOT IN ANY WAY: (1) make offers of broker compensation; (i) disclose broker compensation, (if) reprasent brokerage services ars frae or available at no cost unless no financial compensation from any source will be received; or (iv) make any concassion limited to or conditioned an the retention af or payment ta another broker or representative. ANY DISCOVERED VIOLATION OF THE FOREGOING SHOULD BE IMMEDIATELY REPORTED BY THE DISCOVERING PARTY TO REALCOMP [1 LTD FOR APPROPRIATE ACTION. 2. Broker commissions are not set by law and are fully negotiable. 3. The accuracy of all information transmitted herewith, regardless of source, though deemed reliable, Is not guaranteed or warranted. All information should be independently verified. Copyright Realcomp I1 Ltd All Rights Reserved. 47
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