24-003413.pdf
Ypf 16 LLC, Petitioner V City Of Ypsilanti, Respondent · 24-003413-TT
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Page 1
RECEIVED APR 28 2025 MICHIGAN Tax TRIBUNAL Docket Number: 24-003413 Parcel ID: 11-11-40-112-001 Address: 423 W Forest Ave, Ypsilanti, MI 48197 Jurisdiction: City of Ypsilanti Zoning: CN - Commercial Neighborhood School District: Ypsilanti Community Schools Tax Year: 2024 mg a WETS a AN - J Y | Rpts The Washtenaw County Equalization residential sales study for tax year 2024 determined an increase of 12% in market value. The Market Approach or Sales Comparison Approach to value is the most well- known and practiced method for valuing real estate. The essence of this approach is the principle of substitution; that is that a buyer will pay a price for a particular property that is comparable with the prices currently being paid for similar properties in similar locations. The assessor recognizes that it is only the rare coincidence that any two properties are exactly alike. An
Page 2
2024 Value Determined by The Board of Review Value Type Assessed Value $159,800 Taxable Value $111,347 SEV (State Equalized Value) $159,800 Estimated TCV $319,600 Area Data: The subject is located within Washtenaw County in the City of Ypsilanti. The city is located 10 miles from the City of Ann Arbor and 33 miles from the City of Detroit. Ypsilanti is an easy commute for residents, employees, students, and business travelers. Detroit Metro Airport is fifteen miles to the east. The University of Michigan, a nationally known educational and medical facility, is located nearby in Ann Arbor and the City of Ypsilanti is home to Eastern Michigan University. Property Description: The subject property is improved with a 2.5-story, 5+ unit multi-family structure originally constructed in 1885 with significant updates over time. The total building area is approximately 3,360 sq. ft., situated on a 0.20-acre lot (61° x 143”). The home features: ¢ Public water/sewer « Standard utilities (gas, electric) «Asphalt shingle roof, vinyl siding o Assessor ECF indicates multi-family/apartment use at a factor of 1.435 Recent permit history includes mechanical updates (furnace 2019), roof replacement (2009 and porch repairs. Approach to Value: Sales Comparison Approach Using recent arm’s-length sales of comparable multi-family properties in the Ypsilanti area, an opinion of market value will be established considering factors like location, condition, unit count, and square footage. The following analysis compares the subject property at 423 W Forest Ave to three recent arm’s-length sales of similar multi-family/apartment-style buildings located within the City of Ypsilanti. All sales have occurred within the past 18 months and were verified as valid market transactions.
Page 3
Site Characteristics: The comparables were chosen as the best representation of improved properties like the subject property. No adjustment was warranted for the comparables. Summary of Building Characteristic Adjustments: Adjustments were applied to the comparable sales to account for differences in key building characteristics, ensuring a more accurate reflection of the subject property’s market value. The following outlines the specific changes made: I. Square Footage: o Adjustments were made when the subject differed from a comparable by 100 square feet or more. o Comparables 1 and 3 were larger than the subject and received a negative adjustment of $30 per square foot over the difference. o Comparable 2, being smaller than the subject, received a positive adjustment to reflect the added value of the subject's greater living area. 2. Bathroom Count: o Comparable 3 included an additional half bath beyond what is present in the subject property. o A negative adjustment of $1,400 was applied to account for this feature. 3. Air Conditioning: o Comparable 2 was the only property with central air conditioning, resulting in a negative adjustment to reflect its superior utility compared to the subject. 4. Garage Presence: o Comparables | and 3 included garage space, while the subject does not. o Each received a negative adjustment to align with the subject’s lack of garage and associated value impact. These adjustments align each comparable more closely with the subject property, supporting a consistent and well-supported indication of market value.
Page 4
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Green Pins — Comps 1,2,3Page 5
Docket No. 24-003413 ITEM Subject Property Comparable 1 Comparable 2 Comparable 3 Subject Address 423 W. Forest St. 126 N. Adams 601 Emmet St. 310 N. Hamilton St. Sale Price | - $365,000 $300,000 $240,000 Date of Sale - Nov-23 - May-21 - Apr-22 - Price Per Sq. Ft. - 103.22 114.24 56.43 Property Rights Fee Simple Fee Simple - Fee Simple - Fee Simple - Financing Cash / Conv. Cash / Conv. - Cash / Conv. - Cash / Conv. Condition of Sale Arm's Length Arm's Length - Arm's Length - Arm's Length - Market Conditions Increasing Increasing - Increasing - Increasing - Site Characteristics Location City of Ypsilanti / Residential neighborhood City of Ypsilanti / Residential neighborhood City of Ypsilanti / Residential neighborhood City of Ypsilanti / Residential neighborhood Site size - Acres Improved site Improved site Improved site Improved site Building Characteristics Type of build Multi Family Multi Family - Multi Family - Multi Family - Age / Yr. Built 1885 1820 = 1880 - 1894 - Condition Average Average - Average - Average - Living Area 3,360 3,536 $ (5,280) 2,626 $ 22,020 4,253 $ (26,790). Bath Count 5 Full Bath 5 Full Bath 5 Full Bath - 5 Full Bath/ 1 Half | $ (1,400) Basement Walkout N/A N/A - N/A - N/A - Basement Finish N/A N/A - N/A = N/A - Heating and Cooling No AC No AC - Has AC $ (7,500) No AC - Garage / Car Port No Garage Attached Garage $ (2,500) No Garage Detached Garage $ (5,000) Fireplace N/A N/A = N/A = N/A - Remodel / Updates N/A N/A - N/A - N/A - Total adjustments $ (7,780) $ 14,520 $ (33,190) Indicated Value 357,220 314,520 206,810 [Adjusted Price Per SF; $101.02 $119.77 $ 48.63 Sales Data used 04/01/2021 - 12/31/2023 2024 Sales Study Period 04/01/2021 - 03/31/2023
Page 6
Final Reconciliation of Value In the final reconciliation of the sales comparison analysis, professional judgment and valuation experience were applied to determine the most appropriate indication of value. While all three comparable sales provided relevant market data, Comparable 1 was given the most weight due to its proximity, fewer required adjustments, and stronger alignment in both physical and economic ’ characteristics to the subject property. Based on this analysis, it is my supported and professional opinion that the following values accurately represent the subject property for the 2024 assessment year: e Assessed Value (SEV): $159,800 o Taxable Value: $111,347 ¢ True Cash Value (TCV): $319,600 This value conclusion reflects current market conditions, verified sale data, and sound adjustment practices, and it is respectfully submitted for consideration.
Page 7
04/16/2025
Parcel Number:
1111-11-40-112-007
Jurisdiction:
CITY
OF YPSILANTI
County:
WASHTENAW
Printed on
Grantor
Grantee
Sale:
Sale
Inst.
[Terms
of Sale
Liber
Verified
Prent.
Price;
Date
Type
&
Page
By
Trans.
GREENLEE,
IAN
M
YPF
16
LLC
0. 07/19/2019
{PTA
21-NOT USED/OTHER
PROPERTY TRANSFER
0.0
HAYS KENNETH
&
DIANE
GREENLEE,
IAN
M
270,000; 09/09/2015
WD
03-ARM'S
LENGTH
PROPERTY TRANSFER
100.0
PETERSON
HAYS
177,000; 04/12/1983
WD
12-FROM LENDING INSTITUT
1876-926
PROPERTY TRANSFER
0.0
CALLAGHNA
PETERSON
1
11/16/1982
WD
{21-NOT USED/OTHER
1857-526
PROPERTY TRANSFER
0.0
Property Address
Class:
COMMERCIAL-IMPROV [Zoning:
CN
(*
[Building
Permit (s)
Date
Number
Status
423
W
FOREST AVE
School:
YPSILANTI
SCHOOL DISTRICT
FURNACE
02/15/2019
|PMECH-19-0064
CLOSED
P.R.E.
0%
CAR PORT
03/27/2009
PBLDG-09-0038
CLOSED
Owner's Name/Address
MAE Fr K-2 4-3
(3)
GUTTERS
6/26/1555
$5-624-050
CLCSED
jo foie or
3034 Est TCV 319,673 TCV/TFA:
95.14] APPROACH
06/19/1998
pS98-0001
CLOSED
YPSTLANTT
MI
48197
X Improved
|
[Vacant
Land Value Estimates
for Land Table 00019.19.
STUDENT AREA APARTMENTS
Public
*
Factors
*
AVERAGE
LOT
SIZE
IS
Improvements
Description
Frontage
Depth
Front
Depth
Rate
%Ad3.
Reason
Value
ee
Five Read
61.00 143.00 1.0000 1.0408
736
100
46,729
Tax Description
Gravel Road
61 Actual
Front Feet,
0.20 Total Acres
Total Est.
Land Value
=
46,729
*QLD
SID
-
11
11-810-052-00
YP CITY
paved Road
oti
7
Z15°
7
p
550-60
LOT
52 WESTERN ADDITION.
423
W
Storm Sewer
ork pescription
for
Permit PMECH-19-0064,
Issued 02/15/2019:
BASEMENT
PRYNE
FOREST
N Sidewalk
Work Description for Permit PELDG-09-0038,
Issued 03/27/2009: REROOF TO INCLUDE
Comments/Influences
X
Water
TEAR
OFF.
ALL WORK
TO MEET ALL CODE REQUIREMENTS.
5 UNIT APT
Xx
Sewer
Work Description for Permit PS98-0001,
Issued 06/19/1998:
SIDEWALK REPLCMNT
Electric
Work Description
for
Permit
97-1036,
Issued 09/18/1997:
REPAIR FRONT
PORCH
Gas
r
Curb
: {Who
Street Lights
Standard Utilities
Underground Utils.
Topography
of
Site
Level
Rolling
Low
High
Landscaped
Swamp
Wooded
Pond
Waterfront
Ravine
Wetland
Flood
Plain
Year
Land
Value
Building
Value
Assessed
Value
Board
of
Tribunal/
Review
Other
Taxable
Value
When
What
2024
23,400
136,400
159,800
159,800M
111,347¢C
SS
10/06/2003
INSPECTED
The Equalizer.
Copyright
(c)
1899
-
2009
Licensed
To:
City
of Ypsilanti,
County
of
Washtenaw,
Michigan
-i8S
07/22/2004 ENTERED
2023
22,700
114,200
136,900
106, 045¢C
2022
21,400
102,900
124,300
100, 986C
2021
21,400
99,500
120,900
97,7170C
***
Information herein deemed reliable
but
not guaranteed***Page 8
Parcel Number:
1111-11-40-112-007
==]
L..
[=
Ne
TEE
IE as
TE dL
Mate July
Wonkelly,
BALLARD
ABD HALT
FRAVE
{
Con. CURE
31°
OBERT P.
ROSKELLY
LA SURVEYOR
2,
198C
Jekabron
k Assoc
Glee
id
CZ
***
Information herein deemed reliable
but
not guaranteed***
Printed
on
04/16/2025Page 9
Residential Building
1
of
1
Parcel Number:
1111-11-40-112-007
Printed on
04/16/2025
Building Type
(3)
Roof
{cont.)
(11)
Heating/Cooling
(15)
Built-ins
{15)
Fireplaces
(16)
Porches/Decks |
(17)
Garage
X
{Single
Family
Eavestrough
X
{Gas
10il
Elec.
4
[Appliance Allow.
Interior
1 Story
Area Type
Year Built:
Mobile Home
Insulation
Wood:
Coal
Steam
Cook
Top
Interior
2
Story
Car Capacity:
;
1057CCP
(1 story)
Town Home
0 Front Overhang
Fore d RIT
wie
Baets
Dishwasher
2nd/Same
Stack
s0lcce
(1
Story)
Crass:
Duplex
0:Other Overhang
x
IF
d Air
w/
Ducts
i
5
Garbage Disposal
‘Two Sided
24 Wpp
‘Exterior:
A-Frame
Fores
Bath Heater
Exterior
1
Story
28 wep
Brick Ven.:
(4)
Interior
orced Hot Water
Vent
Fan
{Exterior
2
Story
=
Stone Ven. :
X
{Wood
Frame
Electric Baseboard
Hot Tub
‘prefab
1
Story
Common Wall:
Drywall
{Plaster
Elec.
Ceil.
Radiant
Unvented Hood
prefab
2
Story
Foundation:
Building Style:
Paneled
Wood
T&G
Radiant
(in-floor)
Vented Hood
Heat Circulator
Finished
2:
5+ UNIT
FEim
ETD
7
iElectric Wall
Heat
Intercom
Raised Hearth
Auto.
Doors:
ecoration
{Space Heater
:
.
Tr BIT
Rens
de Ted
i
Wall/Floor Furnace
Jacuzzi
Tub
Wood Stove
|
Mech.
Doors:
X
Ex
Ord
{Min
H
Jacuzzi repl.Tub
Direct-Vented
Ga
Area:
1885
lo
.
j-—
Forced Heat
&
Cool
oven
ERR
2 Good:
Condition:
Good
Size
of
Closets
‘Heat
Pump
|
‘Microwave
Class:
C
-5
Storage
Area:
Xg
ord
Small
No Heating/Cooling
Standard Range
Hiiec age: eo eee
No Cone.
Floor:
i
¥
’
Room List
Doors
X Solid
H.C.
ventral Air
golf Clean Range
Total Base New
:
422,710
BE
| S—
57
Froers
li
i
Trash Compactor
Total
Depr
Cost:
190,205
X
=
5
1st Floor
(12}
Electric
Central Vacuum
Estimated T.C.V:
272,944
Carport
rea:
2nd Floor
Kitchen:
0 Amps Service
Security System
oot:
12 Bedrooms
oo]
rhe:
No./Qual.
of Fixtures
(1)
Exterior
Ex.
|X Ord.
Min
Wood/Shingle
(6)
Ceilings
No
TSF Eiee
Gutieis
160
Aluminum/Vinyl
Brick
X
Many
|
|Ave.
Few
1CR
X
(Brick/Siding
(13)
Plumbing
Insulation
Average
Fizture(s
(2)
Windows
(7)
Excavation
5
3 Fixture Bath
¥
Many
X
{Large
Basement:
1568
S.F.
2 Fixture Bath
Avg.
Avg.
Crawl:
224
S.F.
Softener,
Auto
a
wep
Few
Small
Slab:
0
S.F.
Softener,
Manual
-
&
°
Wood Sash
Height
to Joists:
0.0
Ne
emis Heat
]
&
«
Metal
Sash
(8)
Basement
Extra
Toilet
2
CCP
Vinyl
Sash
Extra
Sink
=
Double Hung
Conc.
Block
Separate
Shower
|
Horiz.
Slide
Poured Conc.
Ceramic Tile
Floor
70
2 BSMT
Casement
Stone
Ceramic Tile Wains |
had
Double
Glass
Treated Wood
Ceramic
Tub Alcove |
Patio
Doors
Concrete
Floor
‘Vent
Fan
~
‘Storms
& Screens
(9)
Basement Finish
S
(14)
Water/Sewer
©
=
(3)
Root
Recreation
SE
Public Water
&
X
Gable
Gambrel
Living
SE
Public Sewer
Hip
Mansard
Walkout Doors
(B)
Water Well
ad
Flat
Shed
No Floor
sF
1000 Gal Septic
2
-
Walkout
Doors
(A)
2000
Gal
Septic
23.0
X Asphalt Shingle
(10)
Floor Support
=
3s
n
Lump
Sum Items:
-
p
Joists:
Chimney:
Brick
Unsupported Len:
Cntr.
Sup:
Sketch
by Apou Sketch
***
Information herein deemed reliable
but
not guaranteed***Page 10
Parcel Number:
1111-11-40-181-006
Jurisdiction:
CITY OF YPSILANTI
County:
WASHTENAW
Printed on
04/16/2025
Grantor
Grantee
Sale
Sale
Inst.
Terms
of Sale
{Liber
Verified
Prent.
Price
Date
Type
i&
Page
By
Trans.
YPSI RESIDENTIAL HOLDINGS
601 EMMET
LLC
300,000!
05/27/2021 BTA
03~-ARM'S
LENGTH
PROPERTY TRANSFER
100.0
LAWRENCE
JOSEPH
D
\YPSI RESIDENTIAL HOLDINGS
259,400)
10/02/2020
PTA
{03-ARM'S
LENGTH
§
PROPERTY TRANSFER
100.0
OBERMEYER
M
LAWRENCE
JOSEPH
D
65,000;
08/01/1984
WD
12-FROM LENDING INSTITUT (1948-861
PROPERTY TRANSFER
6.0
LASKEY LYNN
TPATIERNG MINNIE
01
05/14/1967
[WD
12-FROM LENDING INSTITUT (1217-239
PROPERTY TRANSFER
0.0
Property Address
(Class:
COMMERCIAL-IMPROV (Zoning:
CN
(*
Building
Permit (s)
Date
Number
Status
601 EMMET
ST
iSchool:
YPSILANTI
SCHOOL DISTRICT
1101-4-3710-461-03
(164)
PL
01/23/2017
{PPLMG-17-0015
CLOSED
TRE.
0%
101-4-3710-461-02
(206)
ME
04/07/2015
PMECH~-15-008%
CLOSED
Owner's Name/Address
MAP #1 K-2 5-2
(A)
CAR PORT
63/14/1598 P-BLDG-99-0516
|CLOSED
LC
7053 Est TCV 326,165 TCV/TFA: 124.21
YPSILANTI
MI
48197
X
Improved
{Vacant
Land Value Estimates
for Land Table 00027.27 UNIVERSITY VILLAGE APTS
Public
*
Factors
*
AVERAGE
LOT
SIZE
IS
Improvements
Description
Frontage
Depth
Front
Depth
Rate
%Adj.
Reason
Value
—
DITE
Road
50.16
116.50
1.0000
1.0065
767
100
38,723
Tax Description
Gravel Road
50 Actual
Front
Feet,
0.13
Total Acres
Total Est.
Land Value
=
38,723
¥
po
T115-506<
oD
¢lokcorn
5
3 mos, Bins DAVID
paved Road
“Work Description for Permit PPLMG-17-0015, Issued 01/23/2017: EMERGENCY SEWER
F.
BALLENTINES
& RICHARD E. MORSE'S
idem Fie
| REPAIR
&
TWO
(2)
REPLACEMENT A.
O.
SMITH WATER HEATERS
ALLOTMENT OF THE WESTERN ADDITION.
601
5
wa eva
Work Description for Permit PMECH-15-0089,
Issued 04/07/2015:
INSTALL
EMMET
>
ater
: REPLACEMENT WATER HEATER
(UNKNOWN BRAND NAME AND LOCATION)
Comments/ influences
Sewer
Work Description for Permit P-BLDG-99-0516,
Issued 09/14/1999: RERCOF PER CODE
Electric
REQUIREMENTS
Gas
Curb
Street
Lights
Standard Utilities
Underground Utils.
Topography
of
Site
Level
Rolling
Low
High
Landscaped
Swamp
Wooded
Pond
Waterfront
Ravine
Wetland
;
Flood Plain
{Year
Land
Building
Assessed
Board
of
Tribunal/
Taxable
|
Value
Value
Value
Review
Other
Value
Who
When
What
2024
19,400
143,700
163,100
147,514C
.
He
Ss
09/30/2003 INSPECTED
2023
21,100
122,800
143,900
140,490C
The Equalizer.
Copyright
(c)
1899
~ 2009.53
07/19/2004 ENTERED
I
Licensed
To:
City
of Ypsilanti,
County
of
2022
20,800
113,000
133,800
133,8008
Washtenaw,
Michigan
12021
20,800
109,000
129,800
129,8008
**%
Information herein deemed reliable
but
not guaranteed***Page 11
Parcel Number: 1111-11-40-181-006 Printed on 04/16/2025 **% Information herein deemed reliable but not guaranteed***
Page 12
Residential Building
1
of
1
Parcel
Number:
1111-11-40-181-006
Printed
on
04/16/2025
Building Type
{3)
Roof
(cont.)
(11)
Heating/Cooling
(15)
Built-ins
{15)
Fireplaces
(16)
Porches/Decks .
(17)
Garage
X
iSingle
Family
{Eavestrough
X
[Gas
0il
{Elec.
|
4
[Appliance Allow.
Interior
1
Story
|Area|Type
Year Built:
Mobile Home
{Insulation
Wood
Coal
{Steam
Cook
Top
Interior
2
Story
Car Capacity:
T
|
N
|
451WCP
(1
Story)
own Home
0 Front Overhang
3
FE
75D
Dishwasher
i2nd/Same
Stack
451WCP
(1
Story)
Class:
Duplex
0/0ther Overhang
hao
HLT we
UCLS
|
5
Garbage Disposal
‘Two Sided
105WCP
(1
st
n
Exterior:
A-Frame
Foreed Alr
M
Ducts
Bath Heater
Exterior
1
Story
soccer
(1 ctor)
Brick Ven.:
RTT
(4)
Interior
Force
Hot
ater
‘Vent
Fan
Exterior
2
Story
©rY)
istone
Ven.
00!
Frame
Electric Baseboard
Hot
Tub
Prefab
1
Story
Common Wall:
Drywall
(Plaster
Elec.
Ceil.
Radiant
‘Unvented Hood
Prefab
2
Story
Foundation:
Building Style:
Paneled
jWood T&G
Radiant
{in
fioor)
Vented Hood
{Heat Circulator
Finished
5+ UNIT
bos
5
:
Electric
Wall Heat
Intercom
Raised Hearth
Auto.
Doors:
Tim
&
Decoration
Space Heater
Jacuzzi Tub
Wood Stove
Mech.
Doors:
Yr Built
[Remodeled
:
Wall/Floor Furnace
rie
Ins
:
i
X
Ex
iord
Min
l
Jacuzzi
repl.Tub
iDirect-Vented
Ga
Area:
1880
0
i
X
{Forced Heat
& Cool
bere
—
mr,
2
.
Size
of Closets
Heat
Pum
oven
Class:
© 310
% Good:
Condition:
Good
np
13
Microwave
Eff
h
Age:
53
Storage Area:
X Lg
{Ord
|
Small
No Heating/Cooling
Standard Range
loos Amen
5
626
"No Conc.
Floor:
n
;
:
ntral Air
Self Clean Ran
ie
Room List
Doors
X Solid:
H.C.
pent rmace
Sauna
309€
otal Base New
426,159
E.C.F.
'Bsmnt Garage:
Po
L,
Basement
(3
Floors
157
Eisetric
Trash Compactor
otal
Dep
Cost
200.308
X
1.435
Carport Areas
lst
Floor
.
Central
Vacuum
stimate
Tet
’
Roof:
:
2nd Floor
Kitchen:
OiAmps Service
Security System
:
er:
5 Bedrooms
Other:
No./Qual.
of Fixtures
{1)
Exterior
TEx.
ora.
Min
'Wood/Shingle
(6)
Ceilings
>
:
Bd
5
No.
of Elec.
Outlets
z
Aluminum/Vinyl
wep
Zia
Brick
X Many
Ave.
Few
=
X Brick/Siding
(12)
Plumbing
260
Insulation
y
:
-
{Average
Fixture(s)
.
(2)
Windows
(7)
Excavation
5
3 Fixture Bath
bg Pp
X
Many
X
[Large
Basement:
1575
S.F.
|2 Fixture Bath
Avg.
Avg.
Crawl:
0
S.F.
|Softener,
Auto
Few
Small
Slab:
0
S.F.
Softener,
Manual
py
i
i
.
{Solar Water Heat
Wood Bash
Height
to
Joists:
0.
No Plumbing
Hetal Sash
57
Basement
‘Extra Toilet
.
2
inyl Sash
{Extra Sink
s
13/4 BSMT
=
Double
Hung
Conc.
Block
Separate
Shower
<
Horiz.
Slide
Poured Conc.
‘Ceramic Tile Floor |
3
Casement
Stone
Ceramic Tile Wains |
Double
Glass
Treated Wood
Ceramic
Tub Alcove
Patio Doors
Concrete
Floor
‘Vent
Fan
|
Storms
& Screens
(9)
Basement Finish
:
.
55
+
(14)
Water/Sewer
2
Roo
i
=
Recreation
SE
{Public Water
X
Gable
Gambrel
Living
SE
Public Sewer
Hip
Mansard
Walkout Doors
(B)
‘Water Well
Flat
Shed
Nothoos
boars.
ia)
1000
Gal
Septic
X Asphalt Shingle
{167
Floor Support
2000
Gal Septic
wes
Lump
Sum Items:
wy
TEETER
Joists:
Chimney:
Bric
Unsupported
Len:
Cntr.Sup:
Sachby ApanSiorsh
***
Information herein deemed reliable
but
not guaranteed***Page 13
Parcel Number:
1111-11-40-185-005
Jurisdiction:
CITY OF YPSILANTI
County:
WASHTENAW
Printed on
04/16/2025
Grantor
Grantee
Sale
Sale
Inst.
Terms
of Sale
{Liber
Verified
| Prent.
Price
Date
Type
&
Page
By
Trans.
310
N HAMILTON LLC
BISHOP PICKERING
LLC
240,000)
04/13/2022
PTA
03-ARM'S
LENGTH
PROPERTY TRANSFER
100.0
HALE,
BRENT-SUSAN TRUST
310
N HAMILTON
LIC
G0!
01/21/2016
WD
21-NOT USED/OTHER
PROPERTY TRANSFER
0.0
HALE,
BARBARA
D TRUST
HALE,
BRENT-SUSAN
TRUST
01
09/17/2015
‘WD
21-NOT USED/OTHER
{PROPERTY TRANSFER
100.0
HALE,
BARBARA
HALE,
BARBARA
D TRUST
:
0}
05/23/1995
WD
14~INTO/OUT
OF TRUST
DEED
0.0
Property Address
Class:
COMMERCIAL-IMPROV
Zoning:
Split
Building
Permit (s)
Date
Number
Status
310
N HAMILTON
ST
School:
YPSILANTI
SCHOOL DISTRICT
SHED
09/15/2004
|PMECH-04-0144
CLOSED
P.R.E.
0%
Hist.Dist:
X
MASONRY
05/03/1998
P-ELEC~98-0095
CLOSED
Ovner's Name/Address
MAP ¥: K-2 9-2
(A)
SHEED
68/19/1558
P_MECH-85-0044 [CLOSED
BISHOP PICKERING LLC
2024 Est TCV 376,920 TCV/TFA:
88.62
206
N.
HURON
ST.
YPSILANTI
MI
48197
X
Improved
;
Vacant
Land Value Estimates
for
Land Table
00019.19.
STUDENT AREA APARTMENTS
Public
*
Factors
*
AVERAGE
LOT
SIZE
IS
Improvements
Description
Frontage
Depth
Front
Depth
Rate
%Adj.
Reason
Value
ir
Dirt Road
66.00
165.00
1.0000
1.1180
736
100
54,310
Tax Description
Gravel Road
66 Actual
Front
Feet,
0.25
Total Acres
Total
Est.
Land Value
=
54,310
*OLD
SID
-
11
11-441-406-00
YP CITY
44W-113
LOT
406 NORRIS
&
CROSS ADDITION.
Comments/Influences
6 UNITS
Gas
Curb
Paved Road
Storm Sewer
Sidewalk
X
Water
X
Sewer
Electric
Street Lights
Standard Utilities
Underground Utils.
Site
Topography
of
Low
High
{Pond
Level
Rolling
Landscaped
Swamp
Wooded
Waterfront
Ravine
‘Wetland
{Flood
Plain
Work Description for Permit PMECH-04-0144,
REPLACEMENT BOILER
FER ALL CODE REQUIREMENTS.
Work Description
for
Permit
P-ELEC-98-0085,
PER CODE REQUIREMENTS
Work Description
for
Permit
P-MECH-98-0044,
REPLACEMENT
75,000
BTU LENNOX
FORCED WARM AIR FURNACE
&
NEW DISTRIBUTION
SYSTEM,
8/28/98
ADD
GAS
LINE
TEST
TO
PERMIT
Issued 09/15/2004:
Issued 08/19/1998:
INSTALL
INSTALL NEW
Issued 09/03/1998:
WIRE
NEW FURNACE
(Year
Value
Land}
Building
Value
Assessed]
Value
Board
of
Review
Tribunal/
Other
Taxable
Value
Who
When
What
2024
37,200
161,300
188,500;
188,500M
161, 626C
The Equalizer.
Licensed
To:
Washtenaw,
Michigan
Copyright
City
of Ypsilanti,
County
of
{c)
1899
- 2009.
ss
88
SAD 07/07/2009
INSPECTED
10/06/2003
INSPECTED
05/11/2005 ENTERED
2023
76,400.
135,000
161,200
161,400M
161,400T
153, 930C
3633
34,560
121,700
146,600
146, 6008
3051
34,900
117,600
142,500
142,500M
142,5008
***
Information herein deemed reliable
but
not guaranteed***Page 14
Parcel Number: 1111-11-40-185-005 Printed on 04/16/2025 **% Information herein deemed reliable but not guaranteed***
Page 15
Residential Building
1
of
1
Parcel Number:
1111-11-40-~185-005
Printed on
04/16/2025
9
Building Type
(3)
Roof
(cont.)
(11)
Heating/Cooling
(15)
Built-ins
(15)
Fireplaces
(16)
Porches/Decks
(17)
Garage
X
Single
Family
'Eavestrough
X
Gas
oil
Elec.
| 5
Appliance Allow.
Interior
1
Story
Area Type
Year
Built:
Mobile Home
{Insulation
Wood
Coal
Steam
Cook
Top
1
Interior
2
Story I" EESTCE
1560
ycar Capacity:
4
Town Home
0 Front Overhang
.
Dishwasher
2nd/Same
Stack
24 WGER
(2
Scorn)
Class:
CD
Duplex
0/0ther Overhang
Forced Alr
w/o Ducts
Garbage Disposal
Two
Sided
oWep
(1
st
u
Exterior:
Siding
A-Frame
¥
Forced Alr
w/
Ducts
Bath Heater
Exterior
1
Story
i
or¥)
Igrick Ven.:
0
+
Forced Hot Water
N
24
WGEP
(1
Story)
(4)
Interior
.
Vent
Fan
Exterior
2
Story
o
Stone
Ven
0
X
[Wood
Frame
Electric Baseboard
Hot
Tub
Prefab
1
Story
(2
story)
Common Wall:
Detache
Drywall
Plaster
Elec.
Ceil.
Radiant
Unvented Hood
Prefab
2
Story
(1
story)
Foundation:
18
Inch
Building Style:
paneled
Wood
T&G
Radiant
(oorioon)
Vented Hood
Heat Circulator
Finished
2:
5+ UNIT
7
7
ectric
wa
Heat
Intercom
Raised Hearth
Auto.
Doors:
0
Trim
&
Decoration
Space
Heater
Jacuzzi
Tub
Wood
Stove
Mech.
Doors:
0
Tr Built Remodeled
X Ex
ford
Min
Jall/Floor Furnace
Jacuzzi repl.Tub
Direct~Vented
Ga
Area:
731
|
;
I
orce
a
col
:
Oven
%
Good:
0
Condition:
Good
Size
of Closets
Heat
Pump
.
Microwave
cases
o Po
Storage Area:
0
XiLg
0rd
small
No Heating/Cooling
Standard Range
FL ha
ge:
1,253
No Conc.
Floor:
0
7
+
-
x
Central Air
Self
Clean Range
oor
Area: 7
eee
einer,
Room List
Doors X Solid!
(H.C.
Total Base
New
499, 605
E.C.F.
Bsmnt Garage:
Wood Furnace
Sauna
g
Basement
:
Total
Depr Cost:
224,815
X
1.435
a
(5)
Floors
5
:
Trash Compactor
N
z
ry
1st Floor
(12)
Electric
Central Vacuum
Estimated T.C.V:
322,610
arpox
rea:
2nd Floor
Kitchen:
0 Amps Service
Security System
Root:
8 Bedrooms
er
ry
-
hd
_
Other:
No./Qual.
of Fixtures
(1)
Exterior
Ex.
TX 0rd.
Min
Wood/Shingle
(8)
Ceilings
No
oF Ele Guiists
Zo
WIRE MESH FESH ALL PERIMETERS
18.0
Aluminum/Vinyl
Brick
X [Many
Ave.
Few
X {Brick/Siding
(13)
Plumbing
Insulation
.
Average
Fixture(s)
50
60°
GAR
z
(27
Windows
(7)
Excavation
5
|3 Fixture Bath
[infact
h
X
Many
iX
Large
Basement:
1796
S.F¥.
1
|2 Fixture Bath
=
14.0'
CONC NV
SLVR] WEEP
Avg.
Avg.
Crawl:
288
S.F.
Softener,
Auto
GAR
@
8.0
20.0"
Few
Small
Slab:
0
S.F.
Softener,
Manual
2
1 BSMT
5
5
Height
to Joists:
0.0:
Solar Water Heat
-
ps
3
Wood
Sash
No Plumbing
=
Metal
Sash
(8)
Basement
(Extra
Toilet
23.0°
Vinyl
Sash
Extra
Sink
210
Double Hung
Cone.
Block
|Separate Shower
Horiz. Slide
{Poured Conc.
Ceramic Tile Floor
25 BSMT
Casenent
[Stone
Ceramic Tile Wains
Double Glass
Treated Wood
Ceramic Tub Alcove |
>
Patio Doors
Concrete
Floor
Vent
Fan
FS
Storms
&
Screens
{9)
Basement
Finish
5
(14)
Water/Sewer
Roo
3)
Recreation
SE
Public Water
X
Gable
Gambrel
Living
SE
1
public Sewer
pp
Hip
Mansard
Walkout Doors
(B)
Water Well
-
Flat
Shed
No Floor
SE
1000 Gal Septic
os
Walkout
Doors
{A}:
2000
Gal
Septi
X Asphalt Shingle
(107
Floor Support
<
a
eptic
-
Lump
Sum Items:
It
TERRIER
Joists:
imney:
Bric
Unsupported Len:
[
Cntr. Sup:
Storchiy
Spon Skoich
***
Information herein deemed reliable
but
not guaranteed***Page 16
Parcel Number:
1111-11-40-483-002
Jurisdiction:
CITY OF YPSILANTI
County:
WASHTENAW
Printed on
04/16/2025
Grantor
Grantee
Sale
Sale
Inst.
Terns
of
Sale
{Liber
‘Verified
Prcnt.
Price
Date
Type
&
Page
By
Trans.
YPSI
ONE,
LLC
NOVAK VENTURES
LLC
365,000]
11/07/2023
PTA
03~-ARM'S
LENGTH
PROPERTY TRANSFER
100.0
WALEWSKI
JAMES
A
&
JOSEPH
|YPSI
ONE,
LLC
1
08/01/2002
WD
21-NOT USED/OTHER
4193-112
DEED
100.0
RENKIEWICZ RUDOLPH
C
WALEWSKI
JAMES
A
&
JOSEPH
237,000
03/01/2002
{WD
03-ARM'S LENGTH
4102-316
OTHER
100.0
RENKIEWICZ
R CASIMER
RENKIEWICZ RUDOLPH
C
11
02/13/2002
[WD
04~BUYERS
INTEREST
IN
A
OTHER
100.0
Property Address
Class:
COMMERCIAL-IMPROV {Zoning:
CN
(*
Building
Permit (s)
Date
Number
{Status
126
N ADAMS
ST
School:
YPSILANTI
SCHOOL DISTRICT
101-4-3710-461-01
(118)
EL
10/03/2018
PELEC-18-0202
CLOSED
P.R.E.
0%
Hist.Dist:
X
101-4-3710-461-03
(164)
PL
09/25/2018
|PPILMG~18-0181
CLOSED
Owner's Name/Address
MAP
#: K-2 9-2
(B)
HOT WATER TANK
1571172006
|PPIMG-06-0149
CLOSED
NOVAK VENTURES LLC
7024 Est TCV 310,454 TCV/TFA:
90.34 CAR BORT
5371671555
|B-BL.DG-96-0085 | CLOSED
1041 EAST FOREST AVE
.
YPSILANTI
MI
48198
X
Improved
[Vacant
Land Value Estimates
for Land Table 00019.19.
STUDENT AREA APARTMENTS
Public
*
Factors
*
AVERAGE
LOT
SIZE
IS
Improvements
Description
Frontage
Depth
Front
Depth
Rate
2Adj.
Reason
Value
ee
ir Rond
80.00
90.00 1.0000 0.8257
736
100
48,619
Tax Description
Gravel Road
80 Actual
Front Feet,
0.17
Total Acres
Total
Est.
Land Value
=
48,619
“CLD SID
-
11 11-010-290-00 YP CITY
paved Road
.
en
:
Work Description
for Permit PELEC-18-0202,
Issued 10/03/2018:
WORK PERFORMED
BY
1-W261
W 105
FT OF N 79.25
FT OF A PARCEL
Storm Sewer
OTHERS
FOR EXISTING AND NEW BOXES
IN KITCHEN
OF LAND LYING AT THE
SE COR ADAMS AND
Sidewalk
ES
:
WASHTENAW.
126
N ADAMS
Work Description
for
Permit PPIMG-18-0181,
Issued 09/25/2018:
CHECKED STACK
TO
X
|Water
MAKE
SURE
IT WAS
UP
TO CODE
SOC PERMIT COULD
BE
PULLED.
HUTZEL
CK REPAIR
TO STACK
Comments/Influences
X
Sewer
|
BY OTHERS.
THERE
WAS
A REPAIR MADE
TO STACK
2
-
FENNCOS
PIECE
OF PIPE
Electric
Work Description for
Permit PPLMG-06-0149,
Issued 12/11/2006:
INSTALLATION
OF
2
Gas
WATER HEATERS.
ALL WORK
TO MEET ALL CODE REQUIREMENTS.
Curb
A
Work Description
for
Permit P-BLDG-99-0085,
Issued 03/19/1999:
INSTALLED NEW
Street Lights
STEEL DOOR WITH
6 PANELS,
PAINT DOOR
& TRIM TO MATCH WINDOW
-- ALL WORK TO MEET
Standard Utilities
HDC SPECS
& ALL CODE REQUIREMENTS
Underground Utils.
Topography
of
Site
Level
Rolling
Low
High
Landscaped
Swamp
Wooded
Pond
Waterfront
Ravine
{Wetland
.
Flood Plain
Year
Land
Building
Assessed
Board
of;
Tribunal/
Taxable
Value
Value
Value
Review
Other
Value
Who
When
What
2024
24,300
135,400
159,700
159,7008
55
10/06/2003
INSPECTED
[2023
23,600
113,300
136,900
80,474C
The Equalizer.
Copyright
{(c)
199%
-
2009.
5555
5
12022
2
1
Licensed
To:
City
of Ypsilanti,
County
of
°
2,300
102,300
125,200
86,
166C
Washtenaw,
Michigan
12021
22,300;
99,500
121,800
83,414C
**%
Information herein deemed reliable
but
not guaranteed***Page 17
Parcel Number: 1111-11-40-483-002 Printed on 04/16/2025 **% Information herein deemed reliable but not guaranteed***
Page 18
Residential Building
1
of
1
Parcel Number:
1111-11-~40-483-002
Printed on
04/16/2025
Building Type
(3)
Roof
(cont.)
(11)
Heating/Cooling
(15)
Built-ins
(15)
Fireplaces
(16)
Porches/Decks |
(17)
Garage
¥
[Single
Family
{Eavestrough
X
Gas
|
0il
{Elec.
|
4
Appliance Allow.
Interior
1
Story
Area Type
Year Built:
Mobile
Home
{Insulation
Wood
|
(Coal
Steam
Cook
Top
1
phrertor
2
Story
SEE WCE
(1
SEeTY)
cr Capacity:
1.5
;Town Home
0iFront Overhang
-
i
Dishwasher
nd/Same Stac
ass:
Duplex
0!Other Overhang
Forced Ar
w/o
Ducts
5
.Garbage
Disposal
Two
Sided
ae wee
1 sro)
Exterior:
Block
A-Frame
i
¥
[Forced Air
w/
Ducts
Bath Heater
Exterior
1
Story
=
Brick Ven.:
0
(4)
Interior
Forced Hot Water
Vent
Fan
Exterior
2
Story
Stone Ven.:
0
X
Wood
Frame
Electric Baseboard
Hot
Tub
Prefab
1
Story
Common Wall:
1
Wall
Drywall
‘Plaster
Elec.
Cell.
Radiant
Unvented Hood
prefab
2
Story
Foundation:
18
Inch
Building
Style:
Paneled
Wood T&G
Radiant
(in-floor)
5
Vented Hood
Heat Circulator
Finished
?
ut
g
Styse:
Electric Wall Heat
;
5+ UNIT
Trim
& Decoration
Intercom
Raised Hearth
Auto.
Doors:
0
:
Space Heater
Jacuzzi
Tub
Wood Stove
‘Mech.
Doors:
0
Yr Built
Remodeled
grgy
{0rd
|
Min
Wall/Floor Furnace
Jacuzzi repl.Tub
Direct-Vented Ga
‘Area:
238
1820
0
|
;
{Forced Heat
&
Cool
oven
2 Good:
0
Condition:
Good
Size
of
Closets
Heat
Pump
.
Microwave
Crass:
o
Pes
Storage Area:
0
X Lg
Ord
{Small
No Heating/Cooling
Standard Range
Bffec.
Age:
No Conc.
Floor:
0
.
:
bh
Central Air
Self Clean Range
Floor hrea:
3,536
Room List
Doors
X Solid
(H.C.
Wood
Furnace
Sauna
Total
Base
New
419,421
E.C.F.
Bsmnt
Garage:
Basement
!
:
Trash Compactor
Total
Depr Cost:
188,735
1.435
J
(5)
Floors
(12)
Electric
4
Estimated T.C.V:
270,835
Carport Area:
1st
Floor
.
Central Vacuum
‘Roof
2nd Floor
Kitchen:
0 Amps Service
Security System
H
)
5 Bedrooms
Other:
q
Ce
Other:
| No./Qual.
of Fixtures
(1) Exterior
TEx.
[% ord. |
Min
Wood/Shingle
(6)
Ceilings
To.
of Elec.
Outlets
17.0
Aluminum/Vinyl
:
5
Brick
X Many
(Ave.
[Few
oR
X iBrick/Siding
(13)
Plumbing
wee
Insulation
;
|
Average Fixture(s)
240
(2) Windows
(7)
Excavation
5
3 Fixture Bath
X
Many
X
Large
Basement:
1768
S.F.
2
Fixture Bath
Avg.
Avg.
Crawl:
0
S.F.
Softener,
Auto
Few
Small
= Slab:
0
S.F.
Softener, Manual
-
Height
to Joists:
0.0
Solar Water Heat
Wood Sash
No Plumbing
Metal Sash
(8)
Basement
Extra Toilet
Vinyl
sash
Extra
Sink
-
Double Hung
{Conc.
Block
‘Separate Shower
s
p
i
2BSMT
o
Horiz.
Slide
{Poured Conc.
Ceramic Tile
Floor
5
Casement
Stone
Ceramic Tile Wains
Double Glass
{Treated Wood
Ceramic Tub Alcove
Patio
Doors
[Concrete
Floor
Vent
Fan
Storms
&
Screens
{9)
Basement
Finish
(14)
Water/Sewer
Roof
i
i
HEY
°°
Recreation
SF
{Public Water
X
Gable
Gambrel
Living
SF
Public Sewer
Hip
Mansard
Walkout Doors
(B)
Water Well
‘Flat
Shed
No Floor
SE
1000 Gal Septic
Ee
HO Brisa
|
Walkout
Doors
(A)
2000
Gal
Septic
20
X Asphalt Shingle
(10)
Floor Support
wor
|
-
Lump
Sum
Items:
-
-
-
Joists:
Chimney:
Brick
Unsupported Len:
Cntr.
Sup:
| Sketohby
Apex Sketch
*x%
Information herein deemed reliable
but
not guaranteed***Page 19
STATE OF MICHIGAN MICHIGAN TAX TRIBUNAL SMALL CLAIMS DIVISION MOAHR DOCKET NO. 24-003413 YPF 16 LLC Petitioner, V. City of Ypsilanti, Respondent, / PROOF OF SERVICE STATE OF MICHIGAN COUNTY OF WASHTENAW Courtney Borden affirms that on April 16, 2025, she served a copy of Respondents’ evidence upon the following: Michigan Tax Tribunal PO Box 30232 Lansing, M1 48909 David Fantera P.C PO Box 723 Brighton, Ml 48116 Via first class mail with sufficient postage fully prepaid thereon. Courtney Borden, MAAC City of Ypsilanti, As sessing Department 1 South Huron Street, Ypsilanti, MI 48197
Page 20
ER Courtney B City of Ypsilanti 1 South Huron St Ypsilanti, MI 48197 IE tl ee a a 1) | e i ee wy. Ze ee BOX 7 :