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Evidence Packet 3.18.26.pdf

Oak Tree Residential LLC, Petitioner V City Of Milan, Respondent · 24-003882-TT

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Page 1

ASSESSOR’S OFFICE 

147 WABASH STREET, MILAN MI 48160 

PHONE: (734) 439-0580 

www.milanmich.org 

March 18, 2026 

 

Michigan Tax Tribunal 

PO Box 30232 

Lansing, MI 48909 

 

Re: MTT Docket 24-003882, 

 Oak Tree Residential LLC v City of Milan 

 

Dear Honorable Tribunal, 

 

Please accept the following as the respondent’s evidence in the above reference docket number 

scheduled to be heard April 8, 2026 at 2:30 PM. Included in the evidence is the sales comparison 

analysis with map, 2024, 2025, 2026 record cards and valuation reports for subject property, 

ECF and Land analysis for neighborhood in which subject is located for 2024, 2025, and 2026. 

These documents are to support the respondent’s sales comparison approach and cost approach 

in which was used in determining the market value for the subject property. 

 

Subject property is a 1,752 square foot two story home built in 1890 (estimated). It sits on a 

platted lot just west of downtown Milan. There is 1 full bath and one half bath. The 

Respondent’s True Cash Value for 2024 is 243,800 ($139.21 / sqft). The 2024 Assessed Value 

and Taxable Value is 121,900. 

 

Comparable sales one through three are all within the valuation time period for 2024 values. All 

are similar in view, design, style, quality, condition, exterior, and have exterior garages. 

 

Comparable #1 is 115 First Street. This property is just 0.12 of a mile away from the subject 

property and located 0.1 of a mile northwest of downtown Milan. This property was estimated to 

have been built within the same time period as the subject property and is a two story home of 

1,636 square feet on a Michigan basement and crawlspace foundation. This property sold in May 

of 2022 for $239,000 – approximately $146 per square foot. I applied a conservative time 

adjustment of 2.5% per year (0.2083% per month). This added $4 per square foot and bringing 

the market adjusted value to $150/SF. This building has one bath, so a $1,500 adjustment was 

applied. Because this property sits on a Michigan basement and crawl, a $2,000 adjustment was 

applied. After the total adjustments were applied, the adjusted dollar per square foot was brought 

to $152 and an adjusted sale price of $248,475. 

 

Comparable #2 is 320 Wabash. This property sits on the West side of Wabash, just .3 of a mile 

South of downtown Milan. This is a two story; 1,728 square foot residential home built in 1950. 

This has two full bathrooms and sits on a basement foundation. This sold in May of 2023 for 

$260,000; or at $150 per square foot. Because of the sale date, there was no market (time) 

adjustment for this sale. Because this home was built newer than the subject, a negative $5,000

Page 2

PAGE 2 OF 2 PAGES 

adjustment was made. There was also a -$3,000 adjustment made for an extra full bath. After 

making all adjustments, the adjusted price per square foot was $146 / Sqft – bringing the 

adjusted sale price to $252,000. 

 

Comparable #3 is 8 Ann St. This is a 1,584 square foot two story home located in a residential 

neighborhood just 0.2 of a mile north of downtown Milan. This sits on a Michigan basement and 

has one full bath. This was built in 1918. This home sold July of 2021 for $230,000 ($145 per 

square foot). After the market (time) adjustment was made, the adjusted market rate was $152 

per square foot. There was an adjustment of $1,500 for only having one full bath. There was a 

$2,000 adjustment for the Michigan basement foundation. There was a net adjustment of $2 

bringing the adjusted price per square foot to $154 per square foot. 

 

After reviewing all of the comparable sales, the most weight was given to comparable #1 being 

the most similar to the subject property. Being as the subject property was valued at $139 per 

square foot, respondent respectfully requests the Honorable Tribunal to uphold the True Cash 

Value of 243,800, and an assessed value of 121,900. The taxable value would remain the same at 

121,900. 

 

Respondent’s 2024 TCV: 243,800 

Respondent’s 2024 AV: 121,900 

Respondent’s 2024 TV: 121,900 

 

Based on the ECF analysis for 2025, there was a 4.266% increase to the assessed value. With the 

market adjustment applied, the assessed value increased to 127,100. The taxable value increased 

by the rate of inflation of 3.1% (1.031) to 125,678. responded respectfully requests the 

Honorable Tribunal to uphold the 2025 values as below. Please note that petitioner did not 

appeal the 2025 assessment at 2025 March Board of Review. 

 

Respondent’s 2025 TCV: 254,200 

Respondent’s 2025 AV: 127,100 

Respondent’s 2025 TV: 125,678 

 

Based on the ECF and Land Analysis for 2026, the assessed value increased by 10.228%. The 

taxable value increased by the rate of inflation of 2.7%. (1.027). Respondent’s 2026 values are 

listed below. Respondent respectfully requests that the Honorable Tribunal uphold Respondent’s 

values for 2026. Please take note that petitioner did not appeal the assessment at the 2026 March 

Board of Review. 

 

Respondent’s 2026 TCV: 280,200 

Respondent’s 2026 AV: 140,100 

Respondent’s 2026 TV: 129, 071 

 

Respectfully submitted, 

 

Daniel K. Currie, MMAO

Page 3

SALES COMPARABLE APPROACH

ITEM

Address

Proximity to Subj.

Sale Price

$239,000

$260,000

$230,000

Price /Living Area

Per SF

$146

Per SF

$150

Per SF

$145

Date Source

PTA

 Date of Sale

May-22

May-23

Jul-21

 Time Adjustment

N/A

$4

N/A

$0

N/A

$7

Market Adj. $/SF

$150

$150

$152

Location

Res neighborhood 0.1 mile NW of downtown

W side of Wabash .3 mile s of downtown Neighborhood .2 mile north of downtown

Site / View

Residential

Residential

Residential

Lot Size

66' x 264 irr

66' x 132'

66' x 132'

80 X 115

Design & Appeal

Average

Average

Average

Quality of Const.

Average

Average

Average

Style

2 Story

2 story

2 Story

2 Story

Age

Built 1900

Built 1950

-$5,000

Built 1918

Remolded

N/A

N/A

1990

N/A

Exterior

Siding

Siding

Siding

Siding

Condition

Average

Average

Average

Living Area

1,752

1,636

1,728

1,584

Bath Count

1 Full 

1 Full

2 Full

-$3,000

1 Full

1 Half

0 Half

$1,500

0 Half

0 Half

$1,500

Basement & Bsmt. 

Basement

Mich bsmt / crawl

$2,000

Basement

Mich Basement

$2,000

Finished Rooms

N/A

N/A

N/A

N/A

Air Conditioning/Heat

Forced Air

Forced Air

Forced Air

Forced Air

Car Port

No

No

No

No

Garage 

1 detached 576 sf

Detached 200 sf

480 SF Detached

352 SF Detached

Porches, Patio,

 Yes

Yes

Yes

Yes

 Pools, etc.

N/A

N/A

N/A

N/A

Other:

 

Fireplaces

N/A

N/A

Yes

No

$0

Landscaping

N/A

N/A

N/A

N/A

and etc…

Net Adj. (Total)

$3,500

($8,000)

$3,500

Net Adj. $/SF

$2

($5)

$2

Adj Price Per SF

$152

$146

$154

Adj Sale Price

$248,475

$252,000

$244,041

Respectfully Submitted,

Daniel Currie, MMAO

320 Wabash

0.46 of a Mile

PTA

The undersigned has recited three recent sales of properties most similar and proximate to the 

subject property and has considered these in the market analysis. The description includes a 

percentage adjustment, reflecting market reaction to those items of significant variation between the 

subject and comparable properties. If a significant item in the comparable property is superior to, or 

more favorable than, the subject property, a minus (-) adjustment is made, thus reducing the indicated 

value of subject; If a significant item in the comparable is inferior to, or less favorable than, the subject 

property, a plus (+) adjustment is made, thus increasing the indicated value of the subject. The 

following Market Analysis is used to establish value as of Dec. 31, 2023 for the 2024 tax year. 

N/A

S Side of W Main, 0.2 miles w of downtown

Residential

Average

5/8/2023

N/A

Average

Average

Built 1890

19-19-35-382-002

Comparable #1

231 W. Main

0.12 of a Mile

19-19-35-381-011

Subject Property

DOCKET 24-003882

PTA

19-19-35-459-005

Comparable #3

8 Ann St

0.33 of a Mile

PTA

115 First St

53 040 179 00

Comparable #2

Page 4

Comp #1 

115 First St 

 

 

 

 

 

 

 

 

 

 

Comp #1 

115 First St

Page 5

Comp #2 

320 Wabash 

 

 

 

 

 

 

 

 

 

 

 

 

Comp #2 

320 Wabash 

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Page 6

Comp #3 

8 Ann St 

 

Comp #3 

8 Ann St 

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Page 8

Printed on

03/17/2026

Parcel Number:

19-19-35-381-011

Jurisdiction:

CITY OF MILAN

County: WASHTENAW

Grantor

Grantee

Sale

Price 

Sale

Date

Inst.

Type

Terms of Sale

Liber

& Page

Verified

By

Prcnt.

Trans.

MANOR, BETTY

OAK TREE RESIDENTIAL, LLC

180,000

05/08/2023

PTA

03-ARM'S LENGTH

PROPERTY TRANSFER

100

MANOR BETTY

MANOR, BETTY

0

03/18/2016

QC

21-NOT USED/OTHER

5341/506

DEED

Property Address

231 W MAIN ST

Owner's Name/Address

OAK TREE RESIDENTIAL LLC

247 W MAIN ST

MILAN, MI 48160

Tax Description

*OLD SID - 19 19-180-002-00 MI 20-2 LOT 2

EXC BEG AT SW COR LOT 3, TH S 60 DEG 52'

E 66 FT TO SE COR LOT 3, TH S 29 DEG08' W

235.45 FT TO SW COR LOT 4, TH N 9 DEG 18'

W 106.18 FT, TH N 29 DEG 08' E152.28 FT

TO PL OF BEG SUPERVISOR'S PLAT NO. 3.

Comments/Influences

Class: RESIDENTIAL-IMPRO Zoning: LI

Building Permit(s)

Date

Number

Status

School: MILAN AREA SCHOOLS

W-PLBG

07/10/2023

PP2023-052

CLOSED

P.R.E. 0% 

W - Windows/Doors

06/26/2023

PB2023-0115

CLOSED

MAP #: 

W-DPW MISC

06/26/2023

PW/S2023-018

CLOSED

2024 Est TCV 243,898 TCV/TFA: 139.21 W-ELEC

06/14/2023

PE2023-078

CLOSED

X Improved

Vacant

Public

Improvements

Dirt Road

Gravel Road

X Paved Road

X Storm Sewer

X Sidewalk

X Water

X Sewer

X Electric

X Gas

X Curb

X Street Lights

Standard Utilities

Underground Utils.

Topography of 

Site

X

Level

Rolling

Low

X

High

Landscaped

Swamp

Wooded

Pond

Waterfront

Ravine

Wetland

Flood Plain

Who When What

DC

01/09/2024

DATA ENTER

KP

12/31/2014

PERMIT

KP

01/18/2003

INSPECTED

Land Value Estimates for Land Table MSS.MAIN STREET SOUTH

 * Factors * 66X281

Description Frontage Depth Front Depth Rate %Adj. Reason Value

<Site Value> SITE VALUE 40000 100 40,000

66 Actual Front Feet, 0.40 Total Acres Total Est. Land Value = 40,000

Year

Land

Value 

Building

Value 

Assessed

Value 

Board of

Review 

Tribunal/

Other 

Taxable

Value 

2024

20,000

101,900

121,900

121,900M

121,900U

2023

20,000

92,100

112,100

49,204C

2022

17,500

83,100

100,600

46,861C

2021

15,200

78,500

93,700

45,364C

Page 9

Parcel Number: 19-19-35-381-011

Printed on

03/17/2026

*** Information herein deemed reliable but not guaranteed***

Page 10

Residential Building 1 of 1

Parcel Number:

19-19-35-381-011

Printed on

03/17/2026

 (11) Heating/Cooling

X Gas

Oil

Elec.

Wood

Coal

Steam

Forced Air w/o Ducts

Forced Air w/ Ducts

Forced Hot Water

Electric Baseboard

Elec. Ceil. Radiant

Radiant (in-floor)

Electric Wall Heat

Space Heater

Wall/Floor Furnace

X Forced Heat & Cool

Heat Pump

No Heating/Cooling

Central Air

Wood Furnace

 (12) Electric

100

Amps Service

 No./Qual. of Fixtures

Ex.

X Ord.

Min

No. of Elec. Outlets

Many

X Ave.

Few

 (13) Plumbing

Average Fixture(s)

1 3 Fixture Bath

1 2 Fixture Bath

Softner, Auto

Softner, Manual

Solar Water Heat

No Plumbing

Extra Toilet

1 Extra Sink

Separate Shower

Ceramic Tile Floor

Ceramic Tile Wains

Ceramic Tub Alcove

Vent Fan

 (14) Water/Sewer

1 Public Water

1 Public Sewer

Water Well

1000 Gal. Septic

2000 Gal. Septic

Lump Sum Items:

 Building Type

X

Single Family

Mobile Home

Town Home

Duplex

A-Frame

X Wood Frame

Building Style:

MULTI-STORY

Yr Built

Remodeled

1890

0

Condition: Average

 Room List

1 Basement

6 1st Floor

5 2nd Floor

3 Bedrooms

 (1) Exterior

Wood/Shingle

X

Aluminum/Vinyl

Brick

X

Insulation

 (2) Windows

Many

Large

X

Ave.

X

Ave.

Few

Small

Wood Sash

Metal Sash

Vinyl Sash

Double Hung

Horiz. Slide

Casement

Double Glass

Patio Doors

Storms & Screens

 (3) Roof

X

Gable

Gambrel

Hip

Mansard

Flat

Shed

X

Ashphalt Shingle

Chimney: Brick

 (3) Roof (cont.)

Eavestrough

Insulation

0 Front Overhang

0 Other Overhang

(4) Interior

X Drywall

Plaster

Paneled

Wood T&G

Trim & Decoration

Ex

X Ord

Min

Size of Closets

Lg

X Ord

Small

Doors

Solid X H.C.

 (5) Floors

Kitchen: 

Other: Carpeted

Other: Linoleum

 (6) Ceilings

X Drywall

 (7) Excavation

Basement: 1080 S.F.

Crawl: 0 S.F.

Slab: 0 S.F.

Height to Joists: 0.0

 (8) Basement

Conc. Block

Poured Conc.

Stone

Treated Wood

Concrete Floor

 (9) Basement Finish

Recreation SF

Living SF

Walkout Doors (B)

No Floor SF

0 Walkout Doors (A)

 (10) Floor Support

Joists: 

Unsupported Len: 

Cnts.Sup: 

 (15) Built-ins

Appliance Allow.

Cook Top

1 Dishwasher

1 Garbage Disposal

Bath Heater

Vent Fan

Hot Tub

Unvented Hood

Vented Hood

Intercom

Jacuzzi Tub

Jacuzzi repl.Tub

Oven

Microwave

Standard Range

Self Clean Range

Sauna

Trash Compactor

Central Vacuum

Security System

 (15) Fireplaces

Interior 1 Story

Interior 2 Story

2nd/Same Stack

Two Sided

Exterior 1 Story

Exterior 2 Story

Prefab 1 Story

Prefab 2 Story

Heat Circulator

Raised Hearth

Wood Stove

Direct-Vented Ga

 (16) Porches/Decks

Area Type

42 WPP

144 WSEP (1 Story)

60 WGEP (1 Story)

180 WCP (1 Story)

56 Treated Wood

12 Red Wood/Cedar

 (17) Garage

Year Built: 

Car Capracity: 

Class: C

Exterior: Siding

Brick Ven.: 0

Stone Ven.: 0

Common Wall: Detache

Foundation: 42 Inch

Finished ?: 

Auto. Doors: 0

Mech. Doors: 0

Area: 576

% Good: 0

Storage Area: 0

No Conc. Floor: 0

Bsmnt Garage: 

Carport Area: 220

Roof: Aluminum

Cost Est. for Res. Bldg: 1 Single Family MULTI-STORY Cls C Blt 1890

 

(11) Heating System: Forced Heat & Cool

Ground Area = 1080 SF Floor Area = 1752 SF.

Phy/Ab.Phy/Func/Econ/Comb. % Good=45/100/100/100/45

Building Areas

Stories Exterior Foundation Size Cost New Depr. Cost 

2 Story Siding Basement 672 

1 Story Siding Basement 84 

1 Story Siding Basement 132 

1 Story Siding Basement 192 

 Total: 246,359 110,863

Other Additions/Adjustments

Plumbing

 2 Fixture Bath 1 3,351 1,508 

 Extra Sink 1 1,024 461 

Deck

 Treated Wood 56 2,028 913 

 Red Wood/Cedar 12 639 288 

Garages

Class: C Exterior: Siding Foundation: 42 Inch (Unfinished)

 Base Cost 576 26,744 12,035 

Porches

 WPP 42 2,059 927 

 WSEP (1 Story) 144 8,551 3,848 

 WGEP (1 Story) 60 7,399 3,330 

 WCP (1 Story) 180 8,073 3,633 

Water/Sewer

<<<<< Calculations too long. See Valuation printout for complete pricing. >>>>>

*** Information herein deemed reliable but not guaranteed***

Class: C

Effec. Age: 59

Floor Area: 1752

Total Base New: 314,023

E.C.F.

Total Depr Cost: 141,106

X 1.445

Estimated T.C.V.: 203,898

Page 11

Parcel Number:

19-19-35-381-011

Residential Building 1 of 1

Printed on

03/17/2026

*** Information herein deemed reliable but not guaranteed***

Page 12

Valuation Report

Assessment Roll: MILAN

CITY 2024

03/17/2026

01:12 PM

19-19-35-381-011 2024 Est. T.C.V. OAK TREE RESIDENTIAL LLC 

Property Class: 401 231 W MAIN ST 

Map #: CITY OF MILAN MILAN, MI 48160 

Land Value Estimates for Land Table MSS.MAIN STREET SOUTH

 * Factors * 66X281

Description Frontage Depth Front Depth Rate %Adj. Reason Value

<Site Value> SITE VALUE 40000 100 40,000

66 Actual Front Feet, 0.40 Total Acres Total Est. Land Value = 40,000

Cost Est. for Res. Bldg: 1 Single Family MULTI-STORY Cls C Blt 1890

 

(11) Heating System: Forced Heat & Cool

Ground Area = 1080 SF Floor Area = 1752 SF.

Phy/Ab.Phy/Func/Econ/Comb. % Good=45/100/100/100/45

Building Areas

Stories Exterior Foundation Size Cost New Depr. Cost 

2 Story Siding Basement 672 

1 Story Siding Basement 84 

1 Story Siding Basement 132 

1 Story Siding Basement 192 

 Total: 246,359 110,863

Other Additions/Adjustments

Plumbing

 2 Fixture Bath 1 3,351 1,508 

 Extra Sink 1 1,024 461 

Deck

 Treated Wood 56 2,028 913 

 Red Wood/Cedar 12 639 288 

Garages

Class: C Exterior: Siding Foundation: 42 Inch (Unfinished)

 Base Cost 576 26,744 12,035 

Porches

 WPP 42 2,059 927 

 WSEP (1 Story) 144 8,551 3,848 

 WGEP (1 Story) 60 7,399 3,330 

 WCP (1 Story) 180 8,073 3,633 

Water/Sewer

 Public Water 1 1,610 724 

 Public Sewer 1 1,610 724 

Built-Ins

 Dishwasher 1 840 378 

 Garbage Disposal 1 282 127 

Carports

 Aluminum 220 3,454 1,347 

 Totals: 314,023 141,106

Notes: 

 ECF (MAIN STREET SOUTH) 1.445 => TCV: 203,898

2024 Est. T.C.V. 19-19-35-381-011 = 243,898

Est. TCV/Total Floor Area = 139.21

2023 Assessed MBOR S.E.V. Base for Cap IRM

 112,100 112,100 112,100 49,204 5.00

2024 New Eq. Adjustment Loss Additions Tax Adjustment Losses

 2,300 7,500 0 2,300 70396 0

Page 13

Valuation Report

Assessment Roll: MILAN

CITY 2024

03/17/2026

01:12 PM

2024 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT

 121,900 121,900 121,900 53,964 121,900 0

Page 14

2024 CITY OF MILAN RESIDENTIAL ECF ANALYSIS 

COUNTY? 

|ECF 

ECF 

2023 

2023 

Parcel 

WASHTENAW 

|# 

Name 

ECF 

SEV 

Count | 

Sales 

X 

UP 

Uptown Village 

0880 

5 

13824500 | 

145 

9 

X 

CHYLN 

Cherry Lane 

0.710 

1,371,200 

60 

X 

ENC 

Enclave 

9,045,500 

70 

RANCH 

0.950 

2 STORY 

0.890 

X 

GTS 

Green Tree Sub 

3,522,000 

X 

HPS 

Hannum's & Phillips 

11,512,800 

X 

1A 

Ideal Area 

3,824,000 

RANCH AND TWO STORY 

ALL ELSE 

I 

X 

MB 

Meadowbrook 

0835 

§ 

17,943,100 

X 

MICR 

Milan Crossing 

0.765] 

$ 

7,601,500 

X 

MSN2 

Main Street North 

1.540] 

5 

27,255000 | 

287 

30 

X 

Mss 

Main Street South 

1430] 

s 

3,812,600 

38 

3 

X 

NSA 

Northside Addition 

1.475 

§ 

13,662,000 

140 

17 

X 

RPC 

River Point Condo 

1.000] 

§ 

2,341,200 

25 

3 

X 

RVS 

Riverside Sub 

1610[$ 

14,147,000 | 

156 

15 

X 

SPE 

Supervisor's Plat Eastside 

1600] 

s 

15230900 | 

153 

17 

X 

WAN 

Wanty 

1.570] 

§ 

3,120,700 

30 

3 

X 

YKS 

Yorkshire Square 

1.2905 

2,181,600 

29 

3 

1506 

145 

Total 

150,395,600 

Tov 

300,791,200 

2023 SEV ON ROLL 

150,395,600 

Target SEV(From County 2793) Ratio 

46.50% 

1.075269 

increase 

Target TCV 

323,431,398 

2793 

Half of TCV 

161,715,699 

49.85% of 

TCV 

161,230,552 

COUNTY? 

|ECF 

ECF 

2023 

2023 

Parcel 

# 

MONROE 

_|# 

Name 

ECF 

SEV 

Count | Sales 

X 

AL#3 

Allen Rd #3 

1140] 

4,261,300 

45 

4 

X 

ANDER] 

Anderson St #1 

1.325] 

5 

4,914,900 

56 

5 

X 

ES 

Eagle Springs 

0.970[ 

§ 

22,160,500 

158 

16 

X 

GF 

Glendale Farms 

1.000[s 

3,967,500 

X 

AMH 

Ann Marie Homesteads 

$4,602,000 

RANCH 

0.940 

ALL ELSE 

X 

MA #5 

Main #5 

6,817,800 

X 

MILCO 

Milan Commons Condos 

3,835,100 

X 

MRS 

Mill Race Shores 

0.500 

§ 

54,100 

97 

[1] 

X 

PLATT 

Platt Area 

0.960| 

$ 

4,376,100 

50 

5 

X 

scott 

Scottsdale 

0.800 

5 

6,183,000 

44 

3 

X 

STONE] 

Stonehaven 

0970s 

3621,700 

44 

6 

X 

(WA #4 

Wabash #4 

1.220] 

§ 

5,037,300 

64 

2 

759 

81 

Total 

69,831,300 

Tov 

139,662,600 

2023 SEV ON ROLL 

69,831,300 

Target SEV(From County 2793) Ratio 

46.23% 

1.081549 

increase 

Target TCV 

151,051,914 

2793 

Half of TCV 

75,525,957 

49.85% of 

Tov 

75,299,379 

2024 

ECF 

COMMENTS 

14,856,900 

0.850 

2,122,900 

Targe increase due (0 vacant land. Avg 20% increase for 

improved parcels. 

9,818,100 

4,114,200 

Reduced neighborhood to one ECF multiplier. 

12,808,900 

4,270,100 

19,310,700 

Reduced neighborhood to one ECF multiplier. 

8,476,400 

28,281,300 

1.500 

1.445 

14,597,400 

1.525 

2,572,200 

1.000 

Utilized sales outside of sale study period due to lack of 

sales. 

15,498,500 

1.560 

15,680,700 

1.555 

3,326,200 

1.570 

1.200 

Land and ECF analysis justify no change. 

162,371,200 

(655,501) 

50.20% 

2024 

ECF 

COMMENTS 

5,333,900 

1.430 

Incease justified by sales. 

5,421,600 

1.255 

24,068,300 

0.925 

7,236,800 

Reduced neighborhood to one ECF multiplier 

Utilized sales outside of sale study period due to lack 

of sales. 

4,003,700 

0.000 

Mobile home park. Land improvements only - cost with 

manual. 

4,620,000 

0.905 

Utilized sales outside of sale study period due to lack of 

sales. 

0.755 

0.885 

1.160 

75,787,200 

(261,243) 

50.17%

Page 15

Main Street South 

Parcel Number 

Street Address 

Sale Date 

Sale Price 

Instr. 

Terms of Sale 

Land + Yard 

Bldg. 

R 

Land 

Cost Man. 

Floor Area 

ECF Area 

Other Parcels 

Land Table 

Property Class 

19-19-35-328-017 

464 

W MAIN ST 

10/04/2022 

$250,000 

PTA 

03-ARM'SLENGTH 

$250,000 

$105,100 

X 

$241,095 

$41,170 

$208,830 

16% 

$139,807 

1,296 

5 

MSS 

x 

B 

MAIN STREET SOUTH 

401 

58 

19-19:35-328:026 

368 

WMAINST 

05/11/2022 

$200,000 PTA 

03-ARM'SLENGTH 

$200,000 

$77,500 

§ 

$182,489 

$40,000 

$160,000 

20% 

$99,642 

1315 

$121.67 

"MSS 

14.1344 MULTI-STORY 

MAIN STREET SOUTH 

401 

5 

19-19-35-381-002 

109 W MAIN ST 

06/15/2021 

$235,000 

PTA 

_03-ARM'S LENGTH __ $235,000 

$101,000 

. 

$255,534 

$40,000 

$195,000 

17% 

$150,723 

1,691 

$115.32 

"MSS 

17.0641 RANCH 

MAIN STREET SOUTH _ 401 

45 

3 Totals: 

$685,000 

$685,000 

$679,118 

$563,830 

18% 

$390,172 

$132.71 

1.9324 

41.40 

ECF.= 

1.445 

Std. Deviation=> 

0.15804217 

2.22 

Ave. ECF.=> 

1.464 

Ave. Variance=> 

11.3761 Coefficient 

of Var=> 

__7.768381258

Page 16

City of Milan Residential Land Value Analysis 2024 

County 

2023 Site 

Washtenaw 

[Land Table 

2023 FF 

Value 

2023 AC 

X 

Uptown 

N/A 

S$ 

50,000 

[ N/A 

X 

Cherry Lane Condos 

N/A 

S$ 

20,500 

[ N/A 

X 

Green Tree Sub 

N/A 

S$ 

50,000 

[ N/A 

x 

Hannum's & Phillips 

N/A 

S$ 

44,000 

[ N/A 

X 

Ideal Area 

N/A 

S$ 

40,000 

[ N/A 

X 

Main Street North 

N/A 

S$ 

40,000 

[ N/A 

X 

Main Street South 

N/A 

S$ 

40,000 

[ N/A 

X 

Meadowbrook 

N/A 

S$ 

50,000 

[ N/A 

X 

Milan Crossing 

N/A 

S$ 

40,000 

[ N/A 

X 

Northside Addition 

N/A 

S$ 

45,000 

[ N/A 

X 

River Point Court 

N/A 

S$ 

34,000 | N/A 

X 

Riverside Subdivision 

N/A 

$ 

34,000 | N/A 

X 

Supervisor Plat Eastside 

N/A 

$ 

45,000 | N/A 

X 

The Enclave 

N/A 

S$ 

49,000 | N/A 

X 

Yorkshire Square 

N/A 

$ 

26,000 | N/A 

Wanty 

N/A 

S$ 

38,000 | N/A 

Allen Rd #3 

$ 

X 

Anderson St #1 

N/A 

$ 

32,500 | N/A 

X 

Eagle Springs 

N/A 

$ 

47,500 | N/A 

X 

Glendale Farms 

N/A 

S$ 

48,000 | N/A 

X 

Ann Marie Homesteads 

N/A 

$ 

42,500 | N/A 

X 

Main #5 

N/A 

S$ 

40,000 | N/A 

X 

Milan Commons Condos 

N/A 

$ 

22,000 | N/A 

X 

Mill Race Shores 

N/A 

N/A 

N/A 

X 

Platt Area 

X 

Scottsdale 

X 

Stonehaven 

X 

Wabash #4 

X 

Monroe Acreage 

15 Acres 

$ 

110,600 

Limited sales. 

20 Acres 

N/A 

N/A 

$ 

116,200 

Necessary to 

25 Acres 

N/A 

N/A 

$ 

130,000 

use other 

40 Acres 

N/A 

N/A 

S$ 

142,400 

communities 

50 Acres 

N/A 

N/A 

S$ 

183,800 

for evaluation 

100 Acres 

N/A 

N/A 

$ 

455,000 

2024 Site 

2024 FF 

Value 

2024 AC 

[Comments 

N/A 

$ 

61,200 | N/A 

N/A 

S$ 

44,500 | N/A 

N/A 

$ 

65,200 | N/A 

N/A 

$ 

57,700 | N/A 

S 

625 | N/A 

N/A 

Changed from Site value to FF 

N/A 

$40,200 | N/A 

N/A 

$ 

40,000 | N/A 

N/A 

$ 

65,900 | N/A 

N/A 

$ 

50,900 | N/A 

N/A 

$42,200 | N/A 

Utilized sales outside study period due 

N/A 

S$ 

44,100 | N/A 

to lack of sales. 

N/A 

S$ 

45,800 | N/A 

N/A 

S$ 

45,000 | N/A 

N/A 

S$ 

66,500 | N/A 

N/A 

S 

25,800 | N/A 

N/A 

S$ 

41,600 | N/A 

$ 

N/A 

S$ 

44,100 | N/A 

N/A 

S$ 

63,500 | N/A 

N/A 

S$ 

59,600 | N/A 

N/A 

S$ 

63,200 | N/A 

N/A 

S 

46,400 | N/A 

N/A 

S 

28,500 | N/A 

N/A 

N/A 

N/A 

Mobile Home Park. 

Utilized sales outside study period due 

to lack of sales. 

$ 

106,940 

N/A 

N/A 

$ 

108,800 

N/A 

N/A 

$ 

135,975 

N/A 

N/A 

$ 

155,250 

N/A 

N/A 

$ 

194,075 

N/A 

N/A 

$ 

445,300

Page 17

Main Street South 

Parcel Number 

Street Address 

Sale Date 

Sale Price 

Instr. 

Terms of Sale 

Adj. Sale $ 

Asd. when Sold 

_Asd/Adj. 

Sale 

Cur. Appraisal 

Land Residual 

Es 

Effec. Front 

Depth 

NetAcres 

Total Acres 

Dollars/FF 

_Dollars/Acre 

_Dollars/SqFt 

Actual Front 

ECF Area Other Parcels in Sale 

Land Table 

19-19-35-328-017 

464 WMAINST 

10/04/2022 

$250,000 

PTA 

03-ARM'SLENGTH 

$250,000 

$105,100 

42.04 

$243,193 

$46,807 

$40,000 

924 

4928 

1.05 

105 

$506 

$44,749 

$1.03 

92.44 

‘Mss 

MAIN STREET SOUTH 

19-19-35-328-026 

368 WMAINST 

05/11/2022 

$200,000 

PTA 

03-ARM'SLENGTH 

$200,000 

$77,500 

38.75 

$183,984 

$56,016 

$40,000 

92.8 

365.0 

0.78 

0.78 

$604 

$72,000 

$1.65 

92.80 

‘Mss 

MAIN STREET SOUTH 

19-19-35-381-002 

109 W MAIN ST 

06/15/2021 

$235,000 

PTA 

03-ARM'SLENGTH 

$235,000 

$101,000 

42.98 

$257,795 

$17,205 

$40,000 

66.0 

457.0 

0.69 

0.69 

$261 

$24,863 

$0.57 

66.00 

‘Mss 

MAIN STREET SOUTH 

Totals: 

$685,000 

$685,000 

$283,600 

$684,972 

$120,028 

$120,000 

2512 

252 

252 

Sale. Ratio 

=> 

41.40 

Average 

Average 

Average 

Std. Dev. => 

2.22 

SITE VALUE 

$40,009 

per Net Acre=> 

47,705.88 

per SqFt=> 

$1.10

Page 18

Printed on

03/17/2026

Parcel Number:

19-19-35-381-011

Jurisdiction:

CITY OF MILAN

County: WASHTENAW

Grantor

Grantee

Sale

Price 

Sale

Date

Inst.

Type

Terms of Sale

Liber

& Page

Verified

By

Prcnt.

Trans.

MANOR, BETTY

OAK TREE RESIDENTIAL, LLC

180,000

05/08/2023

PTA

03-ARM'S LENGTH

PROPERTY TRANSFER

100

MANOR BETTY

MANOR, BETTY

0

03/18/2016

QC

21-NOT USED/OTHER

5341/506

DEED

Property Address

231 W MAIN ST

Owner's Name/Address

OAK TREE RESIDENTIAL LLC

247 W MAIN ST

MILAN, MI 48160

Tax Description

*OLD SID - 19 19-180-002-00 MI 20-2 LOT 2

EXC BEG AT SW COR LOT 3, TH S 60 DEG 52'

E 66 FT TO SE COR LOT 3, TH S 29 DEG08' W

235.45 FT TO SW COR LOT 4, TH N 9 DEG 18'

W 106.18 FT, TH N 29 DEG 08' E152.28 FT

TO PL OF BEG SUPERVISOR'S PLAT NO. 3.

Comments/Influences

Class: RESIDENTIAL-IMPRO Zoning: LI

Building Permit(s)

Date

Number

Status

School: MILAN AREA SCHOOLS

W - Res Alteration

09/25/2024

PB2024-0143

COMPLETE

P.R.E. 0% 

W-PLBG

07/10/2023

PP2023-052

CLOSED

MAP #: 

W - Windows/Doors

06/26/2023

PB2023-0115

CLOSED

2025 Est TCV 254,174 TCV/TFA: 145.08 W-DPW MISC

06/26/2023

PW/S2023-018

CLOSED

X Improved

Vacant

Public

Improvements

Dirt Road

Gravel Road

X Paved Road

X Storm Sewer

X Sidewalk

X Water

X Sewer

X Electric

X Gas

X Curb

X Street Lights

Standard Utilities

Underground Utils.

Topography of 

Site

X

Level

Rolling

Low

X

High

Landscaped

Swamp

Wooded

Pond

Waterfront

Ravine

Wetland

Flood Plain

Who When What

DC

01/09/2024

DATA ENTER

KP

12/31/2014

PERMIT

KP

01/18/2003

INSPECTED

Land Value Estimates for Land Table MSS.MAIN STREET SOUTH

 * Factors * 66X281

Description Frontage Depth Front Depth Rate %Adj. Reason Value

 FRONT FOOT 66.00 264.00 1.0000 1.0000 730 100 48,180

66 Actual Front Feet, 0.40 Total Acres Total Est. Land Value = 48,180

Year

Land

Value 

Building

Value 

Assessed

Value 

Board of

Review 

Tribunal/

Other 

Taxable

Value 

2025

24,100

103,000

127,100

125,678C

2024

20,000

101,900

121,900

121,900M

121,900U

2023

20,000

92,100

112,100

49,204C

2022

17,500

83,100

100,600

46,861C

Page 19

Parcel Number: 19-19-35-381-011

Printed on

03/17/2026

*** Information herein deemed reliable but not guaranteed***

Page 20

Residential Building 1 of 1

Parcel Number:

19-19-35-381-011

Printed on

03/17/2026

 (11) Heating/Cooling

X Gas

Oil

Elec.

Wood

Coal

Steam

Forced Air w/o Ducts

Forced Air w/ Ducts

Forced Hot Water

Electric Baseboard

Elec. Ceil. Radiant

Radiant (in-floor)

Electric Wall Heat

Space Heater

Wall/Floor Furnace

X Forced Heat & Cool

Heat Pump

No Heating/Cooling

Central Air

Wood Furnace

 (12) Electric

100

Amps Service

 No./Qual. of Fixtures

Ex.

X Ord.

Min

No. of Elec. Outlets

Many

X Ave.

Few

 (13) Plumbing

Average Fixture(s)

1 3 Fixture Bath

1 2 Fixture Bath

Softner, Auto

Softner, Manual

Solar Water Heat

No Plumbing

Extra Toilet

1 Extra Sink

Separate Shower

Ceramic Tile Floor

Ceramic Tile Wains

Ceramic Tub Alcove

Vent Fan

 (14) Water/Sewer

1 Public Water

1 Public Sewer

Water Well

1000 Gal. Septic

2000 Gal. Septic

Lump Sum Items:

 Building Type

X

Single Family

Mobile Home

Town Home

Duplex

A-Frame

X Wood Frame

Building Style:

MULTI-STORY

Yr Built

Remodeled

1890

0

Condition: Average

 Room List

1 Basement

6 1st Floor

5 2nd Floor

3 Bedrooms

 (1) Exterior

Wood/Shingle

X

Aluminum/Vinyl

Brick

X

Insulation

 (2) Windows

Many

Large

X

Ave.

X

Ave.

Few

Small

Wood Sash

Metal Sash

Vinyl Sash

Double Hung

Horiz. Slide

Casement

Double Glass

Patio Doors

Storms & Screens

 (3) Roof

X

Gable

Gambrel

Hip

Mansard

Flat

Shed

X

Ashphalt Shingle

Chimney: Brick

 (3) Roof (cont.)

Eavestrough

Insulation

0 Front Overhang

0 Other Overhang

(4) Interior

X Drywall

Plaster

Paneled

Wood T&G

Trim & Decoration

Ex

X Ord

Min

Size of Closets

Lg

X Ord

Small

Doors

Solid X H.C.

 (5) Floors

Kitchen: 

Other: Carpeted

Other: Linoleum

 (6) Ceilings

X Drywall

 (7) Excavation

Basement: 1080 S.F.

Crawl: 0 S.F.

Slab: 0 S.F.

Height to Joists: 0.0

 (8) Basement

Conc. Block

Poured Conc.

Stone

Treated Wood

Concrete Floor

 (9) Basement Finish

Recreation SF

Living SF

Walkout Doors (B)

No Floor SF

0 Walkout Doors (A)

 (10) Floor Support

Joists: 

Unsupported Len: 

Cnts.Sup: 

 (15) Built-ins

Appliance Allow.

Cook Top

1 Dishwasher

1 Garbage Disposal

Bath Heater

Vent Fan

Hot Tub

Unvented Hood

Vented Hood

Intercom

Jacuzzi Tub

Jacuzzi repl.Tub

Oven

Microwave

Standard Range

Self Clean Range

Sauna

Trash Compactor

Central Vacuum

Security System

 (15) Fireplaces

Interior 1 Story

Interior 2 Story

2nd/Same Stack

Two Sided

Exterior 1 Story

Exterior 2 Story

Prefab 1 Story

Prefab 2 Story

Heat Circulator

Raised Hearth

Wood Stove

Direct-Vented Ga

 (16) Porches/Decks

Area Type

42 WPP

144 WSEP (1 Story)

60 WGEP (1 Story)

180 WCP (1 Story)

56 Treated Wood

12 Red Wood/Cedar

 (17) Garage

Year Built: 

Car Capracity: 

Class: C

Exterior: Siding

Brick Ven.: 0

Stone Ven.: 0

Common Wall: Detache

Foundation: 42 Inch

Finished ?: 

Auto. Doors: 0

Mech. Doors: 0

Area: 576

% Good: 0

Storage Area: 0

No Conc. Floor: 0

Bsmnt Garage: 

Carport Area: 220

Roof: Aluminum

Cost Est. for Res. Bldg: 1 Single Family MULTI-STORY Cls C Blt 1890

 

(11) Heating System: Forced Heat & Cool

Ground Area = 1080 SF Floor Area = 1752 SF.

Phy/Ab.Phy/Func/Econ/Comb. % Good=45/100/100/100/45

Building Areas

Stories Exterior Foundation Size Cost New Depr. Cost 

2 Story Siding Basement 672 

1 Story Siding Basement 84 

1 Story Siding Basement 132 

1 Story Siding Basement 192 

 Total: 244,717 110,123

Other Additions/Adjustments

Plumbing

 2 Fixture Bath 1 3,329 1,498 

 Extra Sink 1 1,017 458 

Deck

 Treated Wood 56 2,015 907 

 Red Wood/Cedar 12 635 286 

Garages

Class: C Exterior: Siding Foundation: 42 Inch (Unfinished)

 Base Cost 576 26,565 11,954 

Porches

 WPP 42 2,046 921 

 WSEP (1 Story) 144 8,495 3,823 

 WGEP (1 Story) 60 7,351 3,308 

 WCP (1 Story) 180 8,021 3,609 

Water/Sewer

<<<<< Calculations too long. See Valuation printout for complete pricing. >>>>>

*** Information herein deemed reliable but not guaranteed***

Class: C

Effec. Age: 60

Floor Area: 1752

Total Base New: 311,937

E.C.F.

Total Depr Cost: 140,132

X 1.470

Estimated T.C.V.: 205,994

Page 21

Parcel Number:

19-19-35-381-011

Residential Building 1 of 1

Printed on

03/17/2026

*** Information herein deemed reliable but not guaranteed***

Page 22

Valuation Report

Assessment Roll: MILAN

CITY 2025

03/17/2026

01:14 PM

19-19-35-381-011 2025 Est. T.C.V. OAK TREE RESIDENTIAL LLC 

Property Class: 401 231 W MAIN ST 

Map #: CITY OF MILAN MILAN, MI 48160 

Land Value Estimates for Land Table MSS.MAIN STREET SOUTH

 * Factors * 66X281

Description Frontage Depth Front Depth Rate %Adj. Reason Value

 FRONT FOOT 66.00 264.00 1.0000 1.0000 730 100 48,180

66 Actual Front Feet, 0.40 Total Acres Total Est. Land Value = 48,180

Cost Est. for Res. Bldg: 1 Single Family MULTI-STORY Cls C Blt 1890

 

(11) Heating System: Forced Heat & Cool

Ground Area = 1080 SF Floor Area = 1752 SF.

Phy/Ab.Phy/Func/Econ/Comb. % Good=45/100/100/100/45

Building Areas

Stories Exterior Foundation Size Cost New Depr. Cost 

2 Story Siding Basement 672 

1 Story Siding Basement 84 

1 Story Siding Basement 132 

1 Story Siding Basement 192 

 Total: 244,717 110,123

Other Additions/Adjustments

Plumbing

 2 Fixture Bath 1 3,329 1,498 

 Extra Sink 1 1,017 458 

Deck

 Treated Wood 56 2,015 907 

 Red Wood/Cedar 12 635 286 

Garages

Class: C Exterior: Siding Foundation: 42 Inch (Unfinished)

 Base Cost 576 26,565 11,954 

Porches

 WPP 42 2,046 921 

 WSEP (1 Story) 144 8,495 3,823 

 WGEP (1 Story) 60 7,351 3,308 

 WCP (1 Story) 180 8,021 3,609 

Water/Sewer

 Public Water 1 1,600 720 

 Public Sewer 1 1,600 720 

Built-Ins

 Dishwasher 1 834 375 

 Garbage Disposal 1 280 126 

Carports

 Aluminum 220 3,432 1,304 

 Totals: 311,937 140,132

Notes: 

 ECF (MAIN STREET SOUTH) 1.470 => TCV: 205,994

2025 Est. T.C.V. 19-19-35-381-011 = 254,174

Est. TCV/Total Floor Area = 145.08

2024 Assessed MBOR S.E.V. Base for Cap IRM

 121,900 121,900 121,900 121,900 3.10

2025 New Eq. Adjustment Loss Additions Tax Adjustment Losses

 0 5,200 0 0 3778 0

Page 23

Valuation Report

Assessment Roll: MILAN

CITY 2025

03/17/2026

01:14 PM

2025 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT

 127,100 127,100 127,100 125,678 125,678 0

Page 24

2025 CITY OF MILAN RESIDENTIAL ECF ANALYSIS 

COUNTY? 

|ECF 

ECF 

2024 

2024 

Parcel 

# 

WASHTENAW 

|# 

Name 

ECF 

SEV 

Count | Sales 

x 

uP 

Uptown Village 

0.850[ 

$ 

 15.183,900 | 

145 

6 

x 

CHYLN 

Cherry Lane 

0700[$ 

2,122,900 

60 

2 

x 

ENC 

Enclave 

0.860[ 

5 

9818.10 

70 

8 

x 

GTS 

Green Tree Sub 

1.3453 

4,114,200 

31 

3 

x 

HPS 

Hannum's & Phillips 

1.380 $12,811,300 

95 

4 

x 

1A 

Ideal Area 

1.400 $4,280,600 

43 

8 

X 

MB 

Meadowbrook 

0.800 

$ 

19,364,900 

131 

5 

X 

MICR 

Milan Crossing 

0.765[ 

$ 

8,476,400 

73 

10 

X 

MSN2 

Main Street North 

1.500] 

$ 

28,260,500 

287 

18 

X 

MSS 

Main Street South 

1.445) 

$ 

4,362,300 

38 

4 

X 

NSA 

Northside Addition 

1.525| 

$ 

14,600,100 

140 

13 

X 

RPC 

River Point Condo 

1.000] 

$ 

2,572,200 

25 

3 

X 

RVS 

Riverside Sub 

1560[ $15,504,300 | 

156 

14 

X 

SPE 

Supervisor's Plat Eastside 

1.555 

$ 

15,691,300 

153 

8 

X 

WAN 

Wanty 

1.570] 

$ 

3,326,200 

30 

4 

X 

YKS 

Yorkshire Square 

1.290] 

$ 

2,276,700 

29 

3 

1506 

13 

Total 

162,765,900 

TCV 

325,531,800 

2024 SEV ON ROLL 

162,765,900 

Target SEV(From County 2793) Ratio 

45.57%] 

1.097213 

| Increase 

Target TCV 

357,177,749 

2793 

Half of TCV 

178,588,874 

49.85% of 

TCV 

178,053,108 

COUNTY? 

[ECF 

ECF 

2024 

2024 

Parcel 

# 

MONROE 

_|# 

Name 

ECF 

SEV 

Count | Sales 

X 

AL #3 

Allen Rd #3 

1.430 

$ 

5,395,500 

46 

4 

X 

ANDER] 

Anderson St #1 

1.255| 

$ 

5,421,600 

56 

4 

X 

ES 

Eagle Springs 

0.925( 

$ 

24,089,500 

158 

12 

X 

GF 

Glendale Farms 

0.990 

$ 

4,303,900 

31 

5 

X 

AMH 

Ann Marie Homesteads 

1.000] 

$ 

5,293,500 

38 

3 

X 

MA #5 

Main #5 

1.310| 

$ 

7,218,300 

66 

7 

X 

MILCO 

Milan Commons Condos 

1.205 

$ 

4,003,700 

65 

9 

x 

MRS 

Mill Race Shores 

1.000] 

$ 

81,800 

97 

0 

x 

PLATT 

Platt Area 

0.905[$ 

4.719.800 

50 

3 

x 

scoTT 

Scottsdale 

0755[$ 

6,380,200 

44 

3 

x 

STONE 

Stonehaven 

0.885[ 

5 

3,630.400 

44 

4 

x 

WA #4 

Wabash #4 

1160 

$ 

 5409.234 

64 

4 

759 

58 

Total 

75,947,434 

TCV 

151,894,868 

2024 SEV ON ROLL 

75,970,634 

Target SEV(From County 2793) Ratio 

47.56%| 

1.051304 

| 

increase 

Target TCV 

159,736,405 

2793 

Half of TCV 

79,868,202 

49.85% of 

LY 

79,628,598 

Recom 

ECF 

0.923 

0.700 

0.925 

1.572 

1.590 

1.515 

0.935 

0.860 

1.541 

1.470 

1.563 

1.035 

1.680 

1.634 

1.570 

1.255 

2025 

SEV 

16,335,700 

2,127,800 

10,458,300 

4,562,800 

14,278,000 

5,223,900 

22,085,600 

9,511,700 

30,283,300 

4,718,100 

15,778,900 

2,668,700 

16,719,200 

17,364,800 

3,519,600 

2,295,100 

177,931,500 

657,374 

49.82% 

2025 

SEV 

5,546,800 

5,996,700 

24,881,000 

4,491,300 

5,314,900 

7,554,600 

4,227,400 

80,600 

5,192,000 

6,901,100 

3,763,200 

5,650,300 

79,599,900 

268,302 

49.83% 

2025 

ECF 

COMMENTS 

0.925 

0.700 

Limited sales indicate no change. 

0.925 

1.570 

Limited sales. Used sales outside typical sale study range. 

1.590 

1.515 

0.935 

0.860 

1.540 

1.470 

1.565 

1.035 

1.680 

1.635 

1.570 

Limited sales. Used sales outside typical sale study range. 

1.255 

Limited sales. Used sales outside typical sale study range. 

2025 

ECF 

COMMENTS 

1.480 

Limited sales. Used sales outside typical sale study range. 

1.360 

0.960 

1.035 

1.010 

Limited sales. Used sales outside typical sale study range. 

1.320 

1.275 

1.000 

Mobile home park. Land improvements only - cost with 

manual. 

1.025 

Limited sales. Used sales outside typical sale study range. 

0.830 

0.945 

Limited sales. Used sales outside typical sale study range. 

1.225 

Limited sales. Used sales outside typical sale study range.

Page 25

Main Street South 

Parcel Number 

Street Address _ Sale Date 

Sale Price 

Terms of Sale 

Adj. 

Sale $ 

_Asd. 

when Sold 

_Asd/A 

Cur. Appraisal 

Land + Yard 

Bldg. 

Re: 

Land 

Cost Man. 

Floor Area 

ECF Area 

Dev. by Mean 

g Style _ Other Parcels 

in Sale 

Land Table 

Property Class 

19-19-35-328-017 

464 W MAIN ST 

03/29/2024 

$282,500 

PTA 

03-ARM'SLENGTH 

$282,500 

$115,600 

x 

$275,717 

$75,086 

$207,414 

27% 

$136,483 

1,296 

5.9873 

1.5 STORY 

MAIN STREET SOUTH 

401 

57 

19-19:35-328:026 

368 WMAINST 

05/11/2022 

$200,000 PTA 

03-ARM'SLENGTH 

$200,000 

$77,500 

. 

$219,741 

$74,240 

$125,760 

37% 

$98,980 

1315 

18.9273 MULTI-STORY 

MAIN STREET SOUTH 

401 

5 

19-19-35-381-008 

201 W MAIN ST 

02/02/2024 ~ $345,000 PTA 

03-ARM'SLENGTH 

$345,000 

$111,700 

. 

$253,444 

$52,968 

$292,032 

15% 

$136,378 

1,990 

68.1510 MULTI-STORY 

MAIN STREET SOUTH 

401 

a5 

19-19-35-381-011 

231 W MAINST 

05/08/2023 

$180,000 

PTA 

_03-ARM'S LENGTH __ $180,000 

$112,100 

$258,794 

$52,800 

$127,200 

29% 

$140,131 

1,752 

55.2110 MULTI-STORY 

MAIN STREET SOUTH 

_401 

a5 

4 Totals: 

$1,007,500 

$1,007,500 

$416,900 

$1,007,696 

$752,406 

$511,972 

$118.76 

0.9791 

Sale. Ratio => 

41.38 

ECF.=> 

1470 

Std. Deviation=> 

0519195127 

Std. Dev. 

12.98 

Ave.ECF.=> 

1.460 

Ave. Variance=> 

37.0692 

Coefficient of Var=> 

__25.39274944

Page 26

City of Milan Residential Land Value Analysis 2025 

County 

2024 Site 

Washtenaw 

|Land Table 

2024 FF 

Value 

2024 AC 

X 

Uptown 

N/A 

5 

61,200 | N/A 

X 

Cherry Lane Condos 

N/A 

$ 

44,500 | N/A 

X 

Green Tree Sub 

N/A 

S$ 

65,200 | N/A 

X 

Hannum's & Phillips 

N/A 

$ 

57,700 | N/A 

X 

Ideal Area 

$ 

625 

|N/A 

N/A 

X 

Main Street North 

N/A 

$40,200 | N/A 

X 

Main Street South 

N/A 

$ 

40,000 | N/A 

X 

Meadowbrook 

N/A 

$ 

65,900 | N/A 

X 

Milan Crossing 

N/A 

$ 

50,900 | N/A 

X 

Northside Addition 

N/A 

$ 

42,200 | N/A 

X 

River Point Court 

N/A 

$ 

44,100 | N/A 

X 

Riverside Subdivision 

N/A 

$ 

45,800 | N/A 

X 

Supervisor Plat Eastside 

N/A 

$ 

45,000 | N/A 

X 

The Enclave 

N/A 

$ 

66,500 | N/A 

X 

Yorkshire Square 

N/A 

$ 

25,800 | N/A 

X 

Wanty 

N/A 

S$ 

41,600 | N/A 

Monroe 

X 

Allen Rd #3 

N/A 

$ 

47,600 | N/A 

X 

Anderson St #1 

N/A 

$ 

44,100 | N/A 

X 

Eagle Springs 

N/A 

$ 

63,500 | N/A 

X 

Glendale Farms 

N/A 

$ 

59,600 | N/A 

X 

Ann Marie Homesteads 

N/A 

$ 

63,200 | N/A 

X 

Main #5 

N/A 

$46,400 | N/A 

X 

Milan Commons Condos 

N/A 

$ 

28500 | N/A 

X 

Mill Race Shores 

N/A 

N/A 

N/A 

X 

Platt Area 

$ 

510[$ 

49,200 | N/A 

X 

Scottsdale 

N/A 

$ 

64,000 | N/A 

X 

Stonehaven 

N/A 

$ 

37,750 | N/A 

X 

Wabash #4 

N/A 

$41,100 | N/A 

X 

Monroe Acreage 

1 Acre 

N/A 

N/A 

N/A 

1.5 Acres 

N/A 

N/A 

N/A 

2 Acres 

N/A 

N/A 

N/A 

Limited sales. 

2.5 Acres 

N/A 

N/A 

N/A 

Necessary to 

3 Acres 

N/A 

N/A 

N/A 

use other 

15 Acres 

N/A 

N/A 

$ 

106,940 

communities 

20 Acres 

N/A 

N/A 

$ 

108,800 

for evaluation 

25 Acres 

N/A 

N/A 

$ 

135975 

40 Acres 

N/A 

N/A 

$ 

155,250 

50 Acres 

N/A 

N/A 

$194,075 

100 Acres 

N/A 

N/A 

$445,300 

2025 Site 

2025 FF 

Value 

2025 AC 

|Comments 

N/A 

$ 

67,000 | N/A 

N/A 

$ 

44,500 | N/A 

Land & ECF analysis justify no change. 

Limited sales. Used sales outside typical 

N/A 

$ 

66,800 | N/A 

sale study range. 

N/A 

$ 

60,200 | N/A 

$935 

[N/A 

N/A 

$ 

805 

|N/A 

N/A 

Moved to Front Foot. 

S$ 

800 | N/A 

N/A 

Moved to Front Foot. 

N/A 

$74,000 | N/A 

N/A 

$ 

60,500 | N/A 

$800 | N/A 

N/A 

Moved to Front Foot. 

N/A 

$49,700 | N/A 

N/A 

$ 

50,800 | N/A 

N/A 

S$ 

59,900 | N/A 

N/A 

$72,900 | N/A 

Limited sales. Used sales outside typical 

N/A 

$32,100 | N/A 

sale study range. 

Limited sales. Used sales outside typical 

N/A 

$ 

57,300 | N/A 

sale study range. 

Moved to Front Foot. Limited sales. Used 

$ 

530 

| N/A 

N/A 

sales outside typical sale study range. 

S$ 

690 | N/A 

N/A 

Moved to Front Foot. 

N/A 

$ 

67,100 | N/A 

Limited sales. Used sales outside typical 

N/A 

$64,600 | N/A 

sale study range. 

Limited sales. Used sales outside typical 

N/A 

$ 

69,100 | N/A 

sale study range. 

$ 

680 | N/A 

N/A 

Moved to Front Foot. 

N/A 

S$ 

31,920 | N/A 

N/A 

N/A 

N/A 

Mobile Home Park. 

Limited sales. Used sales outside typical 

$ 

640 

|N/A 

N/A 

sale study range. 

N/A 

S$ 

68,675 | N/A 

Limited sales. Used sales outside typical 

N/A 

$ 

37,050 | N/A 

sale study range. 

$ 

500 | N/A 

N/A 

Moved to Front Foot. 

N/A 

N/A 

$40,000 

N/A 

N/A 

$ 

46,200 

N/A 

N/A 

$ 

53,600 

N/A 

N/A 

$54,900 

N/A 

N/A 

$ 

65,900 

N/A 

N/A 

$ 

107,500 

N/A 

N/A 

$ 

131,500 

N/A 

N/A 

$ 

164,500 

N/A 

N/A 

$ 

206,500 

N/A 

N/A 

$ 

258,200 

N/A 

N/A 

$478,600

Page 27

Main Street South 

Parcel Number 

Street Address 

Sale Date 

Sale Price 

Instr. 

Terms 

of Sale 

ale $ Asd. when Sold _ Asd/Adj. 

Sale 

Cur. Appraisal 

Land Residual _Est. Land Value _Effec. Front 

Depth 

NetAcres 

Total Acres 

Dollars/FF 

_Dollars/Acre 

_Dollars/SqFt 

Actual Front 

ECF Area Other Parcels in Sale 

Class 

Rate Group 1 

19-19-35328-017 

464 WMAINST 

03/29/2024 

$282,500 

PTA 

O03-ARM'SLENGTH 

$282,500 

$115,600 

40.92 

$275,717 

$80,735 

$73,952 

924 

4928 

105 

1.05 

$873 

$77,185 

$1.77 

9244 

MSS 

401 

FRONT FOOT 

19-19-35-328-026 

368 WMAINST 

05/11/2022 

$200,000 

PTA 03-ARM'S LENGTH 

$200,000 

$77,500 

38.75 

$219,741 

$54,499 

$74,240 

92.8 

365.0 

0.78 

0.78 

$587 

$70,050 

$1.61 

92.80 

Mss 

401 

FRONT FOOT 

19-19-35-381-008 

 201W MAINST 

02/02/2024 

$345,000 

PTA 

O03-ARM'SLENGTH 

$345,000 

$111,700 

32.38 

$253,444 

$144,524 

$52,968 

662 

412.0 

063 

063 

$2183 

$230,869 

$5.30 

66.21 

‘Mss 

401 

FRONT FOOT 

19-19-35-381-011 

231 

W MAINST 

05/08/2023 

$180,000 

PTA 

_03-ARM'SLENGTH 

$180,000 

$112,100 

62.28 

$258,794 

($25,994) 

$52,800 

66.0 

264.0 

0.40 

0.40 

($394) 

($64,985) 

($1.49) 

66.00 

‘Mss 

401 

FRONT FOOT 

Totals: 

$1,007,500 

$1,007,500 

$416,900 

$1,007,696 

$253,764 

$253,960 

317.5 

2.85 

2.85 

Sale. Ratio 

=> 

41.38 

Average 

Average 

Average 

Std. Dev. 

12.98 

per FF=> 

$799 

per Net Acre=> 

89,040.00 

per SqFt=> 

$2.04

Page 28

Printed on

03/18/2026

Parcel Number:

19-19-35-381-011

Jurisdiction:

CITY OF MILAN

County: WASHTENAW

Grantor

Grantee

Sale

Price 

Sale

Date

Inst.

Type

Terms of Sale

Liber

& Page

Verified

By

Prcnt.

Trans.

MANOR, BETTY

OAK TREE RESIDENTIAL, LLC

180,000

05/08/2023

PTA

03-ARM'S LENGTH

PROPERTY TRANSFER

100

MANOR BETTY

MANOR, BETTY

0

03/18/2016

QC

21-NOT USED/OTHER

5341/506

DEED

Property Address

231 W MAIN ST

Owner's Name/Address

OAK TREE RESIDENTIAL LLC

247 W MAIN ST

MILAN, MI 48160

Tax Description

*OLD SID - 19 19-180-002-00 MI 20-2 LOT 2

EXC BEG AT SW COR LOT 3, TH S 60 DEG 52'

E 66 FT TO SE COR LOT 3, TH S 29 DEG08' W

235.45 FT TO SW COR LOT 4, TH N 9 DEG 18'

W 106.18 FT, TH N 29 DEG 08' E152.28 FT

TO PL OF BEG SUPERVISOR'S PLAT NO. 3.

Comments/Influences

Class: RESIDENTIAL-IMPRO Zoning: LI

Building Permit(s)

Date

Number

Status

School: MILAN AREA SCHOOLS

W - Res Alteration

09/25/2024

PB2024-0143

COMPLETE

P.R.E. 0% 

W-PLBG

07/10/2023

PP2023-052

CLOSED

MAP #: 

W - Windows/Doors

06/26/2023

PB2023-0115

CLOSED

2026 Est TCV 280,175 TCV/TFA: 159.92 W-DPW MISC

06/26/2023

PW/S2023-018

CLOSED

X Improved

Vacant

Public

Improvements

Dirt Road

Gravel Road

X Paved Road

X Storm Sewer

X Sidewalk

X Water

X Sewer

X Electric

X Gas

X Curb

X Street Lights

Standard Utilities

Underground Utils.

Topography of 

Site

X

Level

Rolling

Low

X

High

Landscaped

Swamp

Wooded

Pond

Waterfront

Ravine

Wetland

Flood Plain

Who When What

DC

01/09/2024

DATA ENTER

KP

12/31/2014

PERMIT

KP

01/18/2003

INSPECTED

Land Value Estimates for Land Table MSS.MAIN STREET SOUTH

 * Factors * 66X281

Description Frontage Depth Front Depth Rate %Adj. Reason Value

 FRONT FOOT 66.00 264.00 1.0000 1.0000 730 100 48,180

66 Actual Front Feet, 0.40 Total Acres Total Est. Land Value = 48,180

Year

Land

Value 

Building

Value 

Assessed

Value 

Board of

Review 

Tribunal/

Other 

Taxable

Value 

2026

24,100

116,000

140,100

129,071C

2025

24,100

103,000

127,100

125,678C

2024

20,000

101,900

121,900

121,900M

121,900U

2023

20,000

92,100

112,100

49,204C

Page 29

Parcel Number: 19-19-35-381-011

Printed on

03/18/2026

*** Information herein deemed reliable but not guaranteed***

Page 30

Residential Building 1 of 1

Parcel Number:

19-19-35-381-011

Printed on

03/18/2026

 (11) Heating/Cooling

X Gas

Oil

Elec.

Wood

Coal

Steam

Forced Air w/o Ducts

Forced Air w/ Ducts

Forced Hot Water

Electric Baseboard

Elec. Ceil. Radiant

Radiant (in-floor)

Electric Wall Heat

Space Heater

Wall/Floor Furnace

X Forced Heat & Cool

Heat Pump

No Heating/Cooling

Central Air

Wood Furnace

 (12) Electric

100

Amps Service

 No./Qual. of Fixtures

Ex.

X Ord.

Min

No. of Elec. Outlets

Many

X Ave.

Few

 (13) Plumbing

Average Fixture(s)

1 3 Fixture Bath

1 2 Fixture Bath

Softner, Auto

Softner, Manual

Solar Water Heat

No Plumbing

Extra Toilet

1 Extra Sink

Separate Shower

Ceramic Tile Floor

Ceramic Tile Wains

Ceramic Tub Alcove

Vent Fan

 (14) Water/Sewer

1 Public Water

1 Public Sewer

Water Well

1000 Gal. Septic

2000 Gal. Septic

Lump Sum Items:

 Building Type

X

Single Family

Mobile Home

Town Home

Duplex

A-Frame

X Wood Frame

Building Style:

MULTI-STORY

Yr Built

Remodeled

1890

0

Condition: Average

 Room List

1 Basement

6 1st Floor

5 2nd Floor

3 Bedrooms

 (1) Exterior

Wood/Shingle

X

Aluminum/Vinyl

Brick

X

Insulation

 (2) Windows

Many

Large

X

Ave.

X

Ave.

Few

Small

Wood Sash

Metal Sash

Vinyl Sash

Double Hung

Horiz. Slide

Casement

Double Glass

Patio Doors

Storms & Screens

 (3) Roof

X

Gable

Gambrel

Hip

Mansard

Flat

Shed

X

Ashphalt Shingle

Chimney: Brick

 (3) Roof (cont.)

Eavestrough

Insulation

0 Front Overhang

0 Other Overhang

(4) Interior

X Drywall

Plaster

Paneled

Wood T&G

Trim & Decoration

Ex

X Ord

Min

Size of Closets

Lg

X Ord

Small

Doors

Solid X H.C.

 (5) Floors

Kitchen: 

Other: Carpeted

Other: Linoleum

 (6) Ceilings

X Drywall

 (7) Excavation

Basement: 1080 S.F.

Crawl: 0 S.F.

Slab: 0 S.F.

Height to Joists: 0.0

 (8) Basement

Conc. Block

Poured Conc.

Stone

Treated Wood

Concrete Floor

 (9) Basement Finish

Recreation SF

Living SF

Walkout Doors (B)

No Floor SF

0 Walkout Doors (A)

 (10) Floor Support

Joists: 

Unsupported Len: 

Cnts.Sup: 

 (15) Built-ins

Appliance Allow.

Cook Top

1 Dishwasher

1 Garbage Disposal

Bath Heater

Vent Fan

Hot Tub

Unvented Hood

Vented Hood

Intercom

Jacuzzi Tub

Jacuzzi repl.Tub

Oven

Microwave

Standard Range

Self Clean Range

Sauna

Trash Compactor

Central Vacuum

Security System

 (15) Fireplaces

Interior 1 Story

Interior 2 Story

2nd/Same Stack

Two Sided

Exterior 1 Story

Exterior 2 Story

Prefab 1 Story

Prefab 2 Story

Heat Circulator

Raised Hearth

Wood Stove

Direct-Vented Ga

 (16) Porches/Decks

Area Type

42 WPP

144 WSEP (1 Story)

60 WGEP (1 Story)

180 WCP (1 Story)

56 Treated Wood

12 Red Wood/Cedar

 (17) Garage

Year Built: 

Car Capracity: 

Class: C

Exterior: Siding

Brick Ven.: 0

Stone Ven.: 0

Common Wall: Detache

Foundation: 42 Inch

Finished ?: 

Auto. Doors: 0

Mech. Doors: 0

Area: 576

% Good: 0

Storage Area: 0

No Conc. Floor: 0

Bsmnt Garage: 

Carport Area: 220

Roof: Aluminum

Cost Est. for Res. Bldg: 1 Single Family MULTI-STORY Cls C Blt 1890

 

(11) Heating System: Forced Heat & Cool

Ground Area = 1080 SF Floor Area = 1752 SF.

Phy/Ab.Phy/Func/Econ/Comb. % Good=45/100/100/100/45

Building Areas

Stories Exterior Foundation Size Cost New Depr. Cost 

2 Story Siding Basement 672 

1 Story Siding Basement 84 

1 Story Siding Basement 132 

1 Story Siding Basement 192 

 Total: 257,977 116,090

Other Additions/Adjustments

Plumbing

 2 Fixture Bath 1 3,234 1,455 

 Extra Sink 1 988 445 

Deck

 Treated Wood 56 1,957 881 

 Red Wood/Cedar 12 628 283 

Garages

Class: C Exterior: Siding Foundation: 42 Inch (Unfinished)

 Base Cost 576 25,805 11,612 

Porches

 WPP 42 2,189 985 

 WSEP (1 Story) 144 9,050 4,072 

 WGEP (1 Story) 60 7,848 3,532 

 WCP (1 Story) 180 8,536 3,841 

Water/Sewer

<<<<< Calculations too long. See Valuation printout for complete pricing. >>>>>

*** Information herein deemed reliable but not guaranteed***

Class: C

Effec. Age: 61

Floor Area: 1752

Total Base New: 325,867

E.C.F.

Total Depr Cost: 146,369

X 1.585

Estimated T.C.V.: 231,995

Page 31

Parcel Number:

19-19-35-381-011

Residential Building 1 of 1

Printed on

03/18/2026

*** Information herein deemed reliable but not guaranteed***

Page 32

Valuation Report

Assessment Roll: MILAN

CITY 2026

03/18/2026

08:32 AM

19-19-35-381-011 2026 Est. T.C.V. OAK TREE RESIDENTIAL LLC 

Property Class: 401 231 W MAIN ST 

Map #: CITY OF MILAN MILAN, MI 48160 

Land Value Estimates for Land Table MSS.MAIN STREET SOUTH

 * Factors * 66X281

Description Frontage Depth Front Depth Rate %Adj. Reason Value

 FRONT FOOT 66.00 264.00 1.0000 1.0000 730 100 48,180

66 Actual Front Feet, 0.40 Total Acres Total Est. Land Value = 48,180

Cost Est. for Res. Bldg: 1 Single Family MULTI-STORY Cls C Blt 1890

 

(11) Heating System: Forced Heat & Cool

Ground Area = 1080 SF Floor Area = 1752 SF.

Phy/Ab.Phy/Func/Econ/Comb. % Good=45/100/100/100/45

Building Areas

Stories Exterior Foundation Size Cost New Depr. Cost 

2 Story Siding Basement 672 

1 Story Siding Basement 84 

1 Story Siding Basement 132 

1 Story Siding Basement 192 

 Total: 257,977 116,090

Other Additions/Adjustments

Plumbing

 2 Fixture Bath 1 3,234 1,455 

 Extra Sink 1 988 445 

Deck

 Treated Wood 56 1,957 881 

 Red Wood/Cedar 12 628 283 

Garages

Class: C Exterior: Siding Foundation: 42 Inch (Unfinished)

 Base Cost 576 25,805 11,612 

Porches

 WPP 42 2,189 985 

 WSEP (1 Story) 144 9,050 4,072 

 WGEP (1 Story) 60 7,848 3,532 

 WCP (1 Story) 180 8,536 3,841 

Water/Sewer

 Public Water 1 1,581 711 

 Public Sewer 1 1,581 711 

Built-Ins

 Dishwasher 1 824 371 

 Garbage Disposal 1 277 125 

Carports

 Aluminum 220 3,392 1,255 

 Totals: 325,867 146,369

Notes: 

 ECF (MAIN STREET SOUTH) 1.585 => TCV: 231,995

2026 Est. T.C.V. 19-19-35-381-011 = 280,175

Est. TCV/Total Floor Area = 159.92

2025 Assessed MBOR S.E.V. Base for Cap IRM

 127,100 127,100 127,100 125,678 2.70

2026 New Eq. Adjustment Loss Additions Tax Adjustment Losses

 0 13,000 0 0 3393 0

Page 33

Valuation Report

Assessment Roll: MILAN

CITY 2026

03/18/2026

08:32 AM

2026 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT

 140,100 140,100 140,100 129,071 129,071 0

Page 34

2026 CITY OF MILAN RESIDENTIAL ECF ANALYSIS 

COUNTY 

|ECF 

ECF 

2025 

2025 

Parcel 

# 

WASHTENAW | 

# 

Name 

ECF 

SEV 

Count | Sales 

X 

UP 

Uptown Village 

0.925| 

$ 

16,540,100 

145 

4 

X 

CHYLN 

Cherry Lane 

0.700) 

$ 

2,127,800 

60 

2 

X 

ENC 

Enclave 

0.925) 

§ 

10,458,300 

70 

7 

X 

GTS 

Green Tree Sub 

1.570( 

§ 

4,562,800 

31 

3 

X 

HPS 

Hannum's & Phillips 

1.590( 

§ 

14,278,100 

95 

3 

X 

IA 

Ideal Area 

1.515[ 

§ 

4,976,000 

43 

7 

X 

MB 

Meadowbrook 

0.935) 

§ 

22,085,600 

131 

6 

X 

MICR 

Milan Crossing 

0.860) 

$ 

9,520,300 

73 

10 

X 

MSN2 

Main Street North 

1.540( 

$ 

30,260,500 

287 

18 

X 

MSS 

Main Street South 

1.470[ 

$ 

4,718,100 

38 

4 

X 

NSA 

Northside Addition 

1.565 

§ 

15,767,500 

140 

13 

X 

RPC 

River Point Condo 

1.035( 

§ 

2,668,700 

25 

3 

X 

RVS 

Riverside Sub 

1.680( 

$ 

16,635,198 

156 

9 

X 

SPE 

Supervisor's Plat Eastside 

1.635 

$ 

17,634,800 

153 

7 

X 

WAN 

Wanty 

1.570 

$ 

3,516,900 

30 

3 

X 

YKS 

Yorkshire Square 

1.255( 

§ 

2,295,100 

29 

2 

1508 

101 

Total 

178,045,798 

TCV 

356,091,596 

2025 SEV ON ROLL 

177,775,798 

Target SEV(From County 2793) Ratio 

46.74% 

1.069748 

| 

Increase 

Target TCV 

380,350,445 

2793 

Half of TCV 

190,175,223 

49.85% of 

TCV 

189,604,697 

COUNTY 

|ECF 

ECF 

2025 

2025 

Parcel 

# 

MONROE 

# 

Name 

ECF 

SEV 

Count | Sales 

X 

AL #3 

Allen Rd #3 

1.480 

§ 

5,546,800 

46 

2 

X 

ANDER 

Anderson St #1 

1.360 

§ 

5,990,400 

56 

3 

X 

ES 

Eagle Springs 

0.960] 

$ 

24,881,000 

158 

10 

X 

GF 

Glendale Farms 

1.035 

$ 

4,491,300 

31 

5 

X 

AMH 

Ann Marie Homesteads 

1.010[ 

§ 

5,314,500 

38 

4 

X 

MA #5 

Main #5 

1.320[ 

§ 

7,488,500 

66 

4 

X 

MILCO 

Milan Commons Condos 

1.275[ 

$ 

4,227,400 

65 

7 

X 

MRS 

Mill Race Shores 

1.000{ 

$ 

80,600 

97 

N/A 

X 

PLATT 

Platt Area 

1.025( 

§ 

5,373,900 

50 

5 

X 

SCOTT 

Scottsdale 

0.830) 

$ 

6,904,100 

44 

3 

X 

STONE 

Stonehaven 

0.945) 

$ 

3,763,200 

44 

3 

X 

(WA #4 

Wabash #4 

1.225( 

§ 

5,592,716 

64 

3 

759 

49 

Total 

79,654,416 

TCV 

159,308,832 

2025 SEV ON ROLL 

79,654,416 

Target SEV(From County 2793) Ratio 

46.27%| 

1.080614 

| 

increase 

Target TCV 

172,151,321 

2793 

Half of TCV 

86,075,660 

49.85% of 

TCV 

85,817,433 

Recom 

ECF 

1.055 

0.800 

1.010 

1.680 

1.640 

1.535 

0.965 

0.865 

1.612 

1.585 

1.561 

1.101 

1.760 

1.790 

1.570 

1.305 

oo owl|o|olo|ale|olela|elo]o]o]o]o]s]e 

2026 

SEV 

18,554,600 

2,252,400 

11,227,900 

4,884,500 

15,191,100 

5,146,100 

23,267,600 

9,724,900 

31,356,100 

5,154,900 

16,105,100 

2,850,700 

18,273,300 

19,198,900 

3,701,900 

2,636,000 

189,526,000 

649,223 

49.83% 

2026 

SEV 

5,717,400 

6,480,200 

26,461,500 

4,826,800 

5,586,800 

7,942,200 

4,622,900 

79,000 

5,596,800 

7,441,700 

4,610,600 

6,255,600 

85,621,500 

454,160 

49.74% 

2026 

ECF 

COMMENTS 

1.055 

0.800 

1.010 

1.680 

Limited sales. Used sales outside typical sale study range. 

1.640 

1.535 

0.965 

0.865 

1.610 

1.585 

1.560 

1.100 

1.760 

1.790 

1.675 

Limited sales. Used sales outside typical sale study range 

1.305 Limited sales. Used sales outside typical sale study range 

2026 

ECF 

COMMENTS 

1.495 

Limited Sales. Used sales outside typical sale period. 

1.480 

0.990 

1.090 

Limited sales, used sales outside typical sale perioc 

1.135 Limited sales, used sales outside typical sale period, 

1.440 

1.335 

1.000 

Mobile home park. Land improvements only - cost with 

manual. 

1.055 Limited sales, used saled outside typical sale period 

0.885 

1.105 

Increase justified. 

1.355

Page 35

Main Street South 

Parcel Number 

Street Address 

Terms of Sale 

Land + Yard 

Bldg. 

Residual 

%Land 

Cost Man. 

§ 

Floor Area 

ECF Area 

Dev. by Mean 

Building Style 

Land Value 

Other Parcels in Sale 

Land Table 

Property Class _ Building Depr 

19-1935-328017 

464 W MAIN ST 

PTA 

03-ARM'SLENGTH 

$282,500 

40.92 

$293,204 

$68,595 

$213,905 

24% 

$134,106 

1585 

1,296 

$165.05 

"MSS 

0.5356 

1.5 STORY 

$67,481 

MAIN STREET SOUTH 

401 

56 

19-1935-381-008 

201 W MAIN ST 

PTA 

03-ARM'SLENGTH 

$345,000 

$111,700 

3238 

$294,975 

$48,333 

$296,667 

14% 

$147,248 

2015 

1,99 

$149.08 

"MSS 

42.5055 MULTI-STORY 

$48,333 

MAIN STREET SOUTH 

401 

a5 

19-1935-381-011 

231 W MAIN ST 

PTA 

03-ARM'SLENGTH 

$180,000 

$112,100 

62.28 

$284,606 

$48,180 

$131,820 

27% 

$141,149 

0934 

1,752 

$75.24 

"MSS 

65.5782 MULTI-STORY 

$48,180 

MAIN STREET SOUTH 

401 

a5 

19-19-35-454-011 

49 W. MAIN ST 

PTA 

03-ARM'SLENGTH 

$249,000 

$110,100 

44.22 

$232322 

 $32:850 

$216,150 

13% 

$119,087 

1815 

1677 

$128.89 

"MSS 

225371 MULTI-STORY 

$32,850 

MAIN STREET SOUTH _ 401 

45 

4 Totals: 

$1,056,500 

$449,500 

$1,105,127 

$858,542 

20% 

$541,590 

$129.56 

0.4464 

sale. Ratio 

4255 

ECF.=> 

1.585 

Std. Devia 

0469589389 

Std. Dev. => 

1258 

Ave.E.CF.=> 

1590 

Ave. Variance= 

32.7891 Coefficient of Var=> 

20626111

Page 36

City of Milan Residential Land Value Analysis 2026 

County 

2025 Site 

2026 Rec 

2026 Site 

Washtenaw 

|Land Table 

2025 FF 

Value 

2025 AC 

| 2026 Rec FF | 

Site Value 

| 2026 REC AC | 2026 FF 

Value 

2026 AC 

|Comments 

X 

Uptown Village 

N/A 

$ 

67,000 | N/A 

N/A 

S$ 

66,818 | N/A 

N/A 

S$ 

67,000 | N/A 

Sale analysis indicates no change. 

X 

Cherry Lane Condos 

N/A 

S$ 

44,500 

[ N/A 

N/A 

$ 

44,236 | N/A 

N/A 

S 

44,200 | N/A 

Limited sales. Used sales outside sale 

X 

Green Tree Sub 

N/A 

$ 

66,800 | N/A 

N/A 

$ 

66,561 | N/A 

N/A 

$ 

66,600 | N/A 

period. 

X 

Hannum's & Phillips 

N/A 

$ 

60,200 

[ N/A 

N/A 

$ 

61,497 | N/A 

N/A 

S$ 

61,500 | N/A 

X 

Ideal Area 

$ 

935 

N/A 

N/A 

$ 

934 | N/A 

N/A 

S$ 

 935| 

N/A 

N/A 

Analysis indicates no change. 

X 

Main Street North 

S$ 

805 | N/A 

N/A 

$ 

719 | N/A 

N/A 

S 

720 | N/A 

N/A 

X 

Main Street South 

S$ 

800 | N/A 

N/A 

$ 

732 | N/A 

N/A 

S$ 

730 | N/A 

N/A 

Analysis indicates no change. 

X 

Meadowbrook 

N/A 

$74,000 | N/A 

N/A 

S$ 

74,476 | N/A 

N/A 

$74,500 | N/A 

X 

Milan Crossing 

N/A 

$ 

60,500 | N/A 

N/A 

$ 

60,646 | N/A 

N/A 

S$ 

60,600 | N/A 

X 

Northside Addition 

$ 

800 | N/A 

N/A 

$ 

802 | N/A 

N/A 

S$ 

800 | N/A 

N/A 

Analysis indicates no change. 

X 

River Point Court 

N/A 

$49,700 | N/A 

N/A 

S$ 

49,906 | N/A 

N/A 

$ 

49,900 | N/A 

X 

Riverside Subdivision 

N/A 

S$ 

50,800 | N/A 

N/A 

S$ 

55,837 | N/A 

N/A 

S$ 

55,800 | N/A 

X 

Supervisor Plat Eastside 

N/A 

$ 

59,900 

[ N/A 

N/A 

$ 

60,064 | N/A 

N/A 

S 

60,100 | N/A 

X 

The Enclave 

N/A 

$72,900 | N/A 

N/A 

$66,956 | N/A 

N/A 

$ 

67,000 | N/A 

X 

Yorkshire Square 

N/A 

S$ 

32,100 | N/A 

N/A 

S$ 

46,871 | N/A 

S 

46,900 | N/A 

X 

Wanty 

N/A 

S$ 

57,300 | N/A 

N/A 

S 

62,235 | N/A 

N/A 

S 

62,300 | N/A 

Monroe 

X 

Allen Rd #3 

$ 

530 

N/A 

N/A 

S$ 

527 | N/A 

N/A 

S$ 

530 | N/A 

N/A 

Analysis indicates no change. 

X 

Anderson St #1 

S$ 

690 | N/A 

N/A 

$ 

691 | N/A 

N/A 

S$ 

690 | N/A 

N/A 

Analysis indicates no change. 

X 

Eagle Springs 

N/A 

$ 

67,100 | N/A 

N/A 

$ 

67,075 | N/A 

N/A 

S$ 

67,100 | N/A 

Analysis indicates no change. 

X 

Glendale Farms 

N/A 

S$ 

64,600 | N/A 

N/A 

$ 

65,607 | N/A 

N/A 

$ 

65,600 | N/A 

X 

Ann Marie Homesteads 

N/A 

$ 

69,100 

[ N/A 

N/A 

$ 

57,946 | N/A 

N/A 

S$ 

58,000 | N/A 

X 

Main #5 

S$ 

680 | N/A 

N/A 

S$ 

628 | N/A 

N/A 

S$ 

630 | N/A 

N/A 

X 

Milan Commons Condos 

N/A 

$ 

31,920 

N/A 

N/A 

$ 

30,629 | N/A 

N/A 

S$ 

30,600 | N/A 

X 

Mill Race Shores 

N/A 

N/A 

N/A 

N/A 

N/A 

Mobile Home Park. 

X 

Platt Area 

S$ 

640 

| N/A 

N/A 

$ 

627 | N/A 

N/A 

S$ 

640 | N/A 

N/A 

Analysis indicates no change. 

X 

Scottsdale 

N/A 

S 

68,675 | N/A 

N/A 

S 

68,298 | N/A 

N/A 

S 

68,300 | N/A 

X 

Stonehaven 

N/A 

S$ 

37,050 | N/A 

N/A 

S$ 

48,485 | N/A 

N/A 

$48,500 | N/A 

X 

Wabash #4 

$ 

500 | N/A 

N/A 

S$ 

499 | N/A 

N/A 

S$ 

500 | N/A 

N/A 

Analysis indicates no change. 

X 

Monroe Acreage 

1 Acre 

N/A 

N/A 

S$ 

40,000 | N/A 

N/A 

$ 

40,095 | N/A 

N/A 

S$ 

40,000 

[Analysis indicates no change. 

1.5 Acres 

N/A 

N/A 

S$ 

46,200 | N/A 

N/A 

S 

52,034 | N/A 

N/A 

S$ 

46,200 

[Analysis indicates no change. 

2 Acres 

N/A 

N/A 

$ 

53,600 

[ N/A 

N/A 

$ 

53,636 | N/A 

N/A 

$ 

53,600 

|Analysis indicates no change. 

Limited sales. 

2.5 Acres 

N/A 

N/A 

S$ 

54,900 | N/A 

N/A 

S$ 

54,929 | N/A 

N/A 

$ 

54,900 

|Analysis indicates no change.

Page 37

Necessary to 

use other 

communities 

for evaluation 

3 Acres 

N/A 

N/A 

$ 

65,900 

N/A 

N/A 

$ 

65,900 

|Analysis indicates no change. 

15 Acres 

N/A 

N/A 

$ 

107,500 

N/A 

N/A 

$ 

107,500 

[Analysis indicates no change. 

20 Acres 

N/A 

N/A 

$ 

131,500 

N/A 

N/A 

$ 

131,500 | Analysis indicates no change. 

25 Acres 

N/A 

N/A 

S$ 

164,500 

N/A 

N/A 

S$ 

164,500 | Analysis indicates no change. 

30 Acres 

N/A 

N/A 

$ 

197,500 

N/A 

N/A 

$ 

197,500 | Analysis indicates no change. 

40 Acres 

N/A 

N/A 

$ 

206,500 

N/A 

N/A 

S$ 

206,500 | Analysis indicates no change. 

50 Acres 

N/A 

N/A 

S$ 

258,200 

N/A 

N/A 

$ 

258,200 

[Analysis indicates no change.

Page 38

Main Street South 

Parcel Number 

Street Address 

Asd. when Sold 

 Asd/Adj. Sale 

Adj. Sale $ 

Sale Date 

Sale Price 

Instr. 

Terms of Sale 

Cur. Appraisal 

Land Residual 

Est. Land Value 

Effec. Front 

Depth 

Net Acres 

Total Acres 

Dollars/FF 

_Dollars/Acre 

Dollars/SqFt 

Actual Front 

ECF Area 

Other Parcels in Sale 

Land Table 

MAIN STREET SOUTH 

Class 

401 

19-19-35-381-008 

201 W MAIN ST 

2/2/2024 

$345000 PTA 

03-ARM'SLENGTH 

$345,000 

$111,700 

32.38 

$294,975 

$98,358 

$48,333 

66.2 

412.0 

063 

063 

$1,486 

$157,121 

$3.61 

66.21 

"Mss 

19-19-35-381-011 

231 W MAIN ST 

5/8/2023 

$180,000 

PTA 

03-ARM'S LENGTH 

$180,000 

$112,100 

62.28 

$284,606 

($56,426) 

$48,180 

66.0 

264.0 

0.40 

0.40 

($855) 

($141,065) 

($3.24) 

66.00 

'MSS| 

MAIN STREET SOUTH 

401 

Totals: 

$1,341,400 

$1,341,400 

$1,340,533 

$265,192 

$264, 

3.25 

40.45 

Average 

Average 

Average 

12.20 

per FF=> 

$732 

per Net Acre=> 

81,497.23 

per SqFt=> 

$1.87

Page 39

STATE OF MICHIGAN 

GRETCHEN WHITMER 

GOVERNOR 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

LANSING 

ORLENE HAWKS 

DIRECTOR 

MICHIGAN OFFICE OF ADMINISTRATIVE HEARINGS AND RULES 

MICHIGAN TAX TRIBUNAL 

611 W. OTTAWA ST • P.O. BOX 30232 • LANSING, MICHIGAN 48909-8195 • 517-335-9760 

_____________________________, 

MICHIGAN TAX TRIBUNAL 

Petitioner(s) 

v 

MOAHR Docket No. 

_____________________________, 

Respondent(s) 

PROOF OF SERVICE 

___________________________________ states that on ___________________ he/she 

[Name of person serving/mailing petition] 

 

 

[date of service] 

served a copy of the ___________________ relative to the above-captioned matter upon: 

[Provide name and address of the party/people being served] 

________________________________________________ 

________________________________________________ 

________________________________________________ 

________________________________________________ 

_________________________________________ 

[Signature of person who is serving/mailing copy] 

_________________________________________ 

[Print/type name of person serving/mailing copy] 

Oak Tree Residential LLC

24-003882

City of Milan

Daniel K. Currie

03/18/2026

Evidence

John DuBois

Oak Tree Residential LLC

247 W. Main St

Milan, MI 48160

Daniel K. Currie

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