Respondent Answer attachment 26-000638.pdf
Redwood Holt Cedar Street Mi P3 LLC Petitioner Vs. Township Of Delhi Charter Respondent · 26-000638-TT
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR REDWOOD HOLT CEDAR STREET MIP3 LLC MICHIGAN TAX TRIBUNAL -----=--~---------- ' Petitioner, v MTT Docket No. _26_-o_o_o6_3_a ____ _ Charter Township of Delhi Respondent. ENTIRE TRIBUNAL PROPERTY TAX ANSWER 1. ~Admit _Deny. If denied, state the parcel number for the property identified on the Entire Tribunal Property Tax Petition for the tax year or years at issue: (If more than one parcel is at issue, attach a completed Multiple Parcel Answer Form addressing all other parcels at issue.) 2. ~Admit __ Deny. If denied, the property identified on the Entire Tribunal Property Tax Petition is_ real_ personal. 3. _Admit _Deny. If denied, identify the contiguous and non-contiguous parcels by parcel number (attach additional page if necessary): N/A 4. _Admit _Deny. If denied, identify the parcel or parcels of personal property that are not located on a parcel of real property under appeal by parcel number (attach additional page if necessary): N/A 5. _Admit_Deny. N/A a. If denied, state when the personal property statements were filed, if at all: b. On what date did the March Board of Review commence: 6. _Admit ~Deny. If denied, state the classification of the property identified on the Entire Tribunal Property Tax Petition for the tax year or years at issue: Property is classified as Commercial - Improved MICHIGAN TAX TRIBUNAL· 611 W. OTTAWA ST., LANSING, Ml48933 · 517-335-9760 PO BOX 30232, LANSING, Ml 48909 · Other Carriers: 2407 N. GRAND RIVER AVE., LANSING, Ml48906
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MTT Docket No. _26_-o_o_o6_3a __ _ Page 2 of4 7. ~Admit _Deny. If denied, list the separate facts upon which Respondent relies in support of the denial (attach additional page if necessary): 8. _Admit _Deny _Neither Admit Nor Deny. If denied, list the separate facts upon which Respondent relies in support of the denial (attach additional r;~e if necessary): 9. _Admit _Deny _Neither Admit Nor Deny. If denied, state the facts upon which Respondent relies in support of the denial (attach additional page if 10. ~Admit _Deny. If denied, in what County are the property or properties located in and what is the address of the property or properties: The properties are located in Ingham County. However we deny the address of the property as Petitioner listed. The correct address of the property is 41 06 Red Willow Drive. 11. ~Admit _Deny. If denied, what is the applicable local governmental unit: 12. _Admit _Deny ~Neither Admit Nor Deny. If denied, list the separate facts upon which Respondent relies in support of the denial (attach additional page if necessary): Respondent lacks sufficient knowledge or information on which to form a belief as to the truth of the allegation. 13. If the property's taxable value is at issue, was there an addition or loss for purposes of establishing the property's taxable value for the tax year or years at issue? _Yes ~No.
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MTT Docket No. _26_-o_o_os_38 __ _ Page 3 of4 14. ~Admit _Deny _Neither Admit Nor Deny. If denied, list the separate facts upon which Respondent relies in support of the denial (attach additional page if necessary): 15. _Admit _Deny _Neither Admit Nor Deny. If denied, list the separate facts upon which Respondent relies in support of the denial (attach additional r~~e if necessary): 16. The values for the property identified above as established by Respondent's Board of Review are: Tax Year True Cash Value Assessed Value Taxable Value 2026 $21,371,600 $10,685,800 $10,685,800 17. Respondent contends that the values for the property identified above are: Tax Year True Cash Value State Equalized Value Taxable Value 2026 $21,371,600 $10,685,800 $10,685,800 18. The values in dispute for the property identified above are: Tax Year True Cash Value State Equalized Value Taxable Value 2026 $4,417,000 $2,208,500 $2,208,500
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MTT Docket No. _26_-o_o_o6_3a __ _ Page 4 of 4 19. _Admit ~Deny _Neither Admit Nor Deny. If denied, Jist the separate facts upon which Respondent relies in support of the denial (attach additional page if necessary): Petitioner's request for relief is unsupported and without merit. 20. _Admit ~Deny _Neither Admit Nor Deny. If denied, Jist the separate facts upon which Respondent relies in support of the denial (attach additional page if necessary): Petitioner has failed to state a claim upon which relief can be granted as Petitioner failed to provide initial disclosures to support its assertions of property values. - see attached Supplemental Answer and Affirmative Defenses. 21. List any separate and specific facts upon which Respondent relies to support every ground on which Respondent relies and also has the burden of proof (attach additional page if necessary): Petitioner has burden of proof to prove its valuation contentions. Notwithstanding, see attached property record cards and valuation reports and Supplemental Answer and Affirmative Defenses. 22. List affirmative defenses and the separate and specific facts upon which Respondent relies in support of those affirmative defenses (attach additional page if necessary): See attached Supplemental Answer and Affirmative Defenses. ondent's Authorized Representative or, if none, Respondent: Printed Name of Respondent's Authorized Representative or, if none, Respondent: David M. Revere, P68929 Email Address: davidrevore@mcgintylaw.com Mailing Address: 6410 Belle Chase Way, S~::~ite 600, bansinQ, Ml 4 9Q11 Telephone Number: _5_17_-9_9_9-_52_6_0 -------------------- Date: July 27,2026
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STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MICHIGAN OFFICE OF ADMINISTRATIVE HEARINGS AND RULES MICHIGAN TAX TRIBUNAL ----------------------------~/ REDWOOD HOLT CEDAR STREET MI P3LLC, Petitioner, v CHARTER TOWNSHIP OF DELHI, Respondent. ------------------------------~/ JEFF TRACY INTEGRITY TAX CONSULTING, INC. Representative for Petitioner 6615 Brotherhood Way Fort Wayne, IN 46825 (260) 63 7-8899 ------------------------------~/ MOAHR Docket No.: 26-000638 Tax Parcel No.: 33-25-05-23-400-035 DAVID M. REV ORE (P68929) MCGINTY, HITCH, PERSON, ANDERSON & REVORE, P.C. Attorney for Respondent 3410 Bell Chase Way, Suite 600 Lansing, MI 48911 (517) 351-0280 davidrevore@mcgintylaw .com SUPPLEMENTAL ANSWER NOW COMES Respondent, CHARTER TOWNSHIP OF DELHI, by and through its attorneys, MCGINTY, HITCH, PERSON, ANDERSON & REV ORE, P .C., David M. Revore, and states that it may rely on one or all of the following Affirmative Defenses: 1. Upon information and belief, the appropriate methods of assessing the Subject Property were used, and those methods conform to the methods used to assess similarly situated property in the State.
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AFFIRMATIVE DEFENSES 1. Petitioner has failed to state a claim upon which relief can be granted as Petitioner failed to provide initial disclosures to support its assertion of property values. MCR 2.116(C)(5) and (8). 2. The Petition provides no factual basis to determine that the assessment is incorrect. 3. The Petitioner provides no factual basis to support the claim for different values. 4. The Petition establishes no factual basis for relief. 5. Petitioner may not be a proper party-in-interest. MCR 2.116(C)(5) and (8). 6. Respondent reserves the right to add additional affirmative defenses as they become known to it through discovery in this matter. WHEREFORE, Respondent respectfully requests that the Tribunal deny all relief requested by Petitioner and affirm the 2026 assessed and taxable values as determined by Respondent, dismiss the Petition, and award Respondent its costs and attorney fees, and any other relief that the Tribunal determines is fair, just, and equitable. Dated: July 27, 2026 Respectfully submitted, 2
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Parcel Number: 33-25-05-23-400-035 Jurisdiction: DELHI CHARTER TOWNSHIP County: INGHAM Printed on 07/15/2026 Grantor Grantee Sale Sale Inst. Terms of Sale Liber Verified Prcnt:. Price Date Type & Page By Trans. REDWOOD HOLT CEDAR STREET REDWOOD HOLT CEDAR STREET 1 02/18/2026 WD 21-NOT USED/OTHER 2026-004432 DEED 100.0 CAMAJ, IVEZAJ, JEWAD LLC REDWOOD HOLT CEDAR STREET 692,500 03/08/2023 WD 03-ARM'S LENGTH 2023-016594 REAL PROPERTY STA 100.0 THE STATE BANK CAMAJ, IVEZAJ, JEWAD LLC 145,900 12/27/2018 WD 21-NOT USED/OTHER 2019-000499 DEED 100.0 HORIZON BANK, NA THE STATE BANK 100 04/30/2015 QC 21-NOT USED/OTHER 2015-013527 DEED 100.0 Property Address Class: COMMERCIAL-IMPROV~Zoning: RM (*) Building Permit(s) Date Number Status 4106 RED WILLOW DRIVE School: HOLT PUBLIC SCHOOLS SIGN 02/03/2025 PS25-002 FOLLOW UP P.R. E. 0% MECHANICAL 12/23/2024 PM24-743 FOLLOW UP Owner's Name/Address MAP #: 23-50-04 MECHANICAL 12/23/2024 PM24-742 FOLLOW UP REDWOOD HOLT CEDAR STREET MI P3 FEE 2026 Est TCV 21,371,659 TCV/TFA: 112.4 MECHANICAL 12/23/2024 PM24-741 FOLLOW UP OWNER LLC (NEED TRANSF AFFIDAVIT) 7007 E PLEASANT VALLEY ROAD X Improved .1 !Vacant Land Value Estimates for Land Table C-APT.APT/MULTI FAM COMPLEX'S INDEPENDENCE OH 44131 Public * Factors * Improvements Description Frontage Depth Front Depth Rate %Adj. Reason Value Taxpayer's Name/Address Dirt Road 198.03 0.00 1.0000 1.0000 0 100 0 REDWOOD HOLT CEDAR ·STREET MI P3 FEE Gravel Road ACREAGE TABLE 'A' 27.700 Acres 0 0 RM 0 7007 E PLEASANT VALLEY ROAD X Paved Road MF DWELLIN GOOD MULT FAM 108 Units8000.00000 100 ALLOWABLE UNITS 864,000 INDEPENDENCE OH 44131 Storm Sewer 198 Actual Front Feet, 27.70 Total Acres T·otal Est. Land Value = 864,000 Sidewalk X Water work Description for Permit PS25-002, Issued 02/03/2025: INSTALLING 12 SF GROUND X Sewer SIGN AT THE ENTRANCE OF HOLBROOK AND LEAVIEW Tax Description X Electric Work Description for Permit PM24-743, Issued 12/23/2024: HVAC SYSTEM FOR NEW COM AT SE COR OF SEC 23, TH s88.26'38" w X Gas TOWNHOME (BLDG W) ALONG S SEC LN 1201.33 FT TO C/L OF COOK Curb work Description for Permit PM24-742, Issued 12/23/2024: HVAC SYSTEM FOR NEW & THORBURN DRAIN & POB, TH S88°26'38" W Street Lights TOWN HOME (BLDG W) ALONG SD S LN 1429.13 FT, TH N00°07'19"W X Standard Utilities Work Description for Permit PM24-741, Issued 12/23/2024: HVAC SYSTEM FOR NEW 298.54 FT, TH S89°58'25" E ALONG S'LY LN Underground Utils. TOWN HOME (BLDG W) I OF HOLBROOK HILLS NO 2 EXTND 180.75 FT, Work Description for Permit PM24-740, Issued 12/23/2024: HVAC SYSTEM FOR NEW Topography of TOWN HOME (BLDG W) TH ALONG SD S'LY FOLLOWING 3 COURSES: Site Work Description for Permit PM24-739, Issued 12/23/2024: HVAC SYSTEM FOR NEW N66°29'13" E 128.84 FT, TH N33.31'51" E 127.15 FT & N05°15'23" 133.35 FT, TH Level TOWNHOME (BLDG U) S32°56' E 411.41 FT, TH S82°35'53" E X Rolling Work Description for Permit PM24-738, Issued 12/23/2024: HVAC SYSTEM FOR NEW 113.58 FT, TH S77°59'30"E 316 FT, TH Low TOWNHOME (BLDG U) N12°00'30" E 372.1 FT, TH ALONG E'LY LN High Work Description for Permit PM24-737, Issued 12/23/2024: HVAC SYSTEM FOR NEW OF CEDAR RIDGE FOLLOWING 8 COURSES: Landscaped TOWNHOME (BLDG U) N21°17'58" W 621.38 FT, TH S68°42'02" W Swamp Work Description for Permit PM24-736, Issued 12/23/2024: HVAC SYSTEM FOR NEW 125 FT, TH N21°17'58" W 66FT, TH X wooded TOWNHOME (BLDG U) N68°42'02" E 125 FT, TH N2l 0 17'58" W Pond .42.34 FT, TH N20°50'22" E 627.26 FT, TH waterfront N26°39'03" W 102.56 FT & N8"8°32'02" W Ravine 151.8 FT TO S'LY R/W LN OF HOLBROOK DR, wetland TH NE'LY 132.76 FT ALONG SD S'LY LN & Flood Plain Year Land Building Assessed Board of Tribunal/ Taxable CURVE TO RT, RAD OF 367 FT, CHD BRG Value Value Value Review Other Value ***BALANCE OF DESCRIPTION ON FILE*** Who When What 2026 432,000 10,253,800 10,685,800 10,685,800M 0,685,800~ Comments/Influences 2025 405,000 6,090,400 6,495,400 6, 495, 400~ The Equalizer. Copyright (c) 1999 - 2009. 2024 324,000 1,056,600 1,380,600 1, 380' 600~ Licensed To: Township of Delhi Charter, 2023 2671500 0 2671500 152, 145( Countv of Inaham. Michiaan **·* Information herein deemed reliable but not guaranteed***
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 1 ···~~~~~~ts·~r•u~ : . .,:._....:,..,..,. ::ccoo:: ........ "' ~T "' !! ';~r·~~~:·=-~-~:~l ~ ·.:-..:...~_._. ·-: Printed on :.aQtt!I)JN13•"'A• ·. ·<·.·.~·· .... _.;_4·:....: ;.;.:. ~ ; -~,-:'''·· ':::~t"·····':···::-P:': r c.a:. ~~ ·-~~>(/: ~ i£1 ... :~ . . ; :£. ~ . . ~---....;.-:w•- · .-. ~~,..-;.} •L ... "I "' ~, J.~ .l = r · · · · · · 'Ztr ' ,.,.;...-,-.. •• ' ' ' X . "" '"L .... :..,J '• "' <a ~~'A.=iil ~~- :~ r ;;~,. ~~':"' ~ -~ -.;~~~ - ~' '¥ ~ ~ *** Information herein deemed reliable but not guaranteed*** 07/15/2026
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Parcel Number: 33-25-05-23-400-035, CoitUnercial/Industrial Building 2 -rii.~fif:k'i ... )-;l;; ii ·- -~ ·Q~~Q?.~~\;1 'Q,. ~ r~~ 1'7~:0~~~; " . -.~~~, .':"1E""' . ~-:+Ur' • .r:;:::~~: ~~ · A!Qor · :r+~; ~\~~ l ·' :~ >i t~:~ _,, . . - --,. . . L h • ·~ .. , 'lol& I~ . )~~· . ~~T ~--:<rat.~. -:-; . ~ I m I :-:~-:-':'7..~ ··. .·· · ... - ~~· '~~ ~ .,;.;: . · ~; ~~. --!l'\<;11. ···:¥ .;;: --w~ *** Information herein deemed reliable but not guaranteed*** ~ -il, <-.!1-· ~ .... ~.., .. ~:"" -w.-,: Printed on j.:: ;;~~ I· .... . . l· ;"tl ~ - !! : . ..,; '"'" r· ;#/. t :. ··~ ~~r ~ - .~ . , ,~,..;~~ ::- :·~.»~ ~ , ,. ~, .. ·., I lSIJI .: . ~-::t~.,.......J , ~- ·lli -~ ~:r ~- ''j;;, ~> 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 3 Printed on ·-: t?' ·.«1110~=-•c<i~~~ ·.:..~~~: BUJ!DlNS~,,,C' 7r"JF-;."b: ~r , ~:::,:;~ ,~ ,~~ ,~ ~ ~P .... ~ ·'~$ <=t-13851' ea~~$.1 ·1 oo.J3Q,sf I l;., H~ <D 11 .5: :~ ji~¥:: ' ~- i1:~,. ?J[_tr·· 'E::::i\.' ·~r!· -~~=~·.\ . ·.::. : ~~¢ '~.w: ~:: ·r .- q .., ~: .., .~~'iff~ - :~~w_l~ ;;~Qi ~ _5:5' _., -~. c.c._ ,._ ~ . ,.., ' ~f: ~ ···· ...... ;Q ~ - . ~ ... ·-'21UJ', . .. .. ~·' ~. *** Information herein deemed reliable but not guaranteed*** 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 4 r-;~~~~ ~~~ ~1~· .. !;' i~F l~ ·'' ~:~ • ';f~~~~~ . "'"] "Jll'1:;t}t· ·A'tN·· -,~. "f';\<1· ~·'~.~-.. ~:~:: ... _.¥-J.::'-9 . ~ . ,~ : : ' :---~- · rr-··.~~::l,:i~tf;"·~~~~-3 : i'~ ~~ ·,J -~ 1P :$.:t~;r-~~i - ! -e •T,n;j Printed on '~":~t- ! ~~··;:w .~f_·_"·"''l' · ·-~ . . . r.:j. .:<~:$:: ~jg .• i~.. -~ ~~ ........... ,_ -~~-~~- "'·'· ·' .. ~a .: :lj.'. l:!f ~ -~Mi' ;. '9f~~ *** Information herein deemed reliable but not guaranteed*** 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Indus trial Building 5 -~~~~!!:~~: ~~~w~~,~:··- g~! ,r~~--'-, • ~-~or.rat;A.e - I -:. . '"::'lW,~Sf,'· : ~·: .. ... . .. .. . 1 .. .. . .. -f-:~·-:-~~~~ · · ·.~·i;,;~:..;~-~~-1 .. ·t :t . I· .~~0'1'/S~ ii>• t·· t ~~~ll's,( . ·::.: -1 r . ~-o; ~ ], i~-~ :~'S:r .. :~Xr Printed on r-;..~-*-~~-1 .. I I '· l -~Qf'~'i:> .-·: l ·-~~~- .. ! ! .. : •:Q .a• t~l ·il'ii :; ,.,, ~ -1}-~ ~<• ~1: :!;;·' ·-.:~ . .. 1 .. ~ -l~ · ... ·.' IJ_.[J.--~ . . .. +'' ..:r · .. :"'"'!' · ·· ~.5': I )5' . · ·~-:-::"~":-~'. _il!j.'. ·' ... '~. . ;:r;g I, 5 . ":'~.' :~~~Fi ... ~- . II!; *** Information herein deemed reliable but not guaranteed*** '.~,~ 'iii " :* .(;Ai ;~ QJ;2~ ~ - r ~;Jr 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 6 -~~~-'-~~~~;' r~---~-~:"!'~-~~ . ., I ")2< . I .f 'M~~~u.a-" - ~ .: - \D;l!;~-st·· ,._ ... : I ·· ·- ... ·I -.a_ .• ~ : 1 :XP.: :~9i4:).j~~~p:t: :f.;:~~~ .. ::-~~~~~---~:_~;:..,1 .: .ll • '3\QOP~~ :;.-. t · t :~:st~· t I 1 _:~~~~~ ~'it: '~u Printed on r;---~~·~: <~-..:,._. , . 1'- 1 Q - ·-: . • · : - ,vi~"'''<.: I " _,.. - I I J: -~ •-" ·~ ~~ ·~ '" r ~, ~ ~ ,..!. i i r'\. ""~, ~: ~:JH< ~: ~ 1 -~~ :~-· -- -~~Jr -~: *** Information herein deemed reliable but not guaranteed*** 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 7 $wmi; '.S:~!I;z.~.B'II.~ ~e ·~"!F ~~~ ........................... :- ~- _::~ r~· '='=;' . ' . l~ :; <Wr· .; ·.·;·. ·x: ~~.~~- :t~ "''Z'I.~r· ).1 -: _,, ... _, !:I auitai~b -G~<· ij':~ ,,,~~ t ;~ · \~-~-- - ~i~'!-:4 . .. ~:·. ~- . ~ ~ ''1:~: -~Es?,: :1 d Printed on ~\ ·:;:!~;~:; . ~.·· ··.; · ~'fflasf;'. r · ,;-,. , .. k · · ... r 111' ·.~:m~-~~,.,...-...... ...,,;.::~:..;.L, . . -~s· .: ;;_~~~:'1 ::5 ~ i;F ~: : ~:2l· ., ;'iS.' ~~;!r ·.~4,~:; · ~#: . ,.·.:. 6>.8~·· .. 'G.!i~.m~ ·' ........ _,. ~~~ ·~· 'f:i . ~ .lill'.&ilf'' . Oi -~F.t-~ lit '>tl:D:2lll- ···· ... -~ 'ff . ... . ~ ·-~~ - R . *** Information herein deemed reliable but not guaranteed*** 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 8 ~ao•r-.'r:\) ·.N:~~IiH:'' · ···. -.... -~ --.... -~ ... ·-· lW: :~~ :;ifj.t *** Information herein deemed reliable but not guaranteed*** ·i~ . -:•:!::-- ."' ,:~; ~ ·:~~~~.. · · ·~--; Printed on 07/15/2026 Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 8 a Printed on Rd CAGE £2 ae oF *** Information herein deemed reliable but not guaranteed*** 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 9 Dl~~~.~~-; :-r-~-~~~·..: .. :1 J ' 1 i.l ,~Qf~;~l :} ·~)~~-: 'l "· ! ~:: rttt >Dil '-l}l :,l';'IJ)!:t~-!lt'.11f, · ~.·:~~:,.~~ . !:!:~~,.~:~.:~ ·-' .f;.:~~~~ ;: ·.·~~?ii.~~;.:;.;~~ -- ~~ --~1:_; ·t t J ·~~~a ~\.f.. :t .}' ~#:~. ~~~- ~# , ' . : \ , ' ' -.:.~.~ :1t~0 1~ 1 ..... io_:·'st: ·l·~t.. ~-~ ~ --~~~ · ·~--- - .- .-~-~- -- .. ·· .... · 5:?' I · ;;,-~ · .. - -- · ~ .. ~·.!. · ·. •· 73.' ~~:*'itt o.CO :]!~ :i "~~- ..• ·;:·· :·. ..... ~t ·,;:: . *** Information herein deemed reliable but not guaranteed*** Printed on r--·~r;-.-;.,., i' ~~a.'!.: 1.. .1· ,a 1~'t l6!:.; l.~-l J:i~;~~~·-!:; --~-~, .. ~4~r a; 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 10 Printed on BtJIIIDlN:Ci·""~ · :!•• • ' .<~ : · ......... , .• "' ... ~ 0 -~ ~ ,,A... I• -:s~:f~,~~~~ ~~~'1 r · ·~ tt"~ - f~W~'l 'JAi.~ .. .. · !' -- ' ......... ~r~:i:~r--~ - ·n;·_ ~ .. ~lt6! ~ ' r .. i ·- '~': -~ '•!it ~"; ~;~ . ·.::•·: . · 'I',. -;. ' -.-· . ·. ~ct. .: ~ ~· ;:~ ··a~· ~;~¥: =~l· -~ 1·- ~isY.'ar .... ~"";. ~,;:•:•/·;:~~ ~;:" I . ·.: . .:.?:~~: ~ .... _.,... . -~~ J~~- \~~#. ~ *** Information herein deemed reliable but not guaranteed*** ~t- ;;;_,_ ':GI!.li.'F.!I:F.lfol 2:· . . ·;GQ.•:J.~ ·· ·;, • ' ~ •"' I -~.; .. •< f~l ~- ~s-- :\~~· ~ ;; ,.... . t ~!; · ·~~ ¥~~~- 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 11 ~-;.~·~:~~s~~~;= s~~:/./ .~:· 'f'~~ :.fi-,_;..i-:1 ·l' 'JIO~m.Aa- . : l . ·11;9;~l;f _;c-·1 .. , :_. •'. ····· i ':!, I it\• ~: :ri;.« ifiUJLOING' '\?,~, " • .:.t. :: ~ .:...• ~. :- .. ·:" . ' .. . . •• .· . ~ -r~ ~-~~ ~-~~-~ . : _ -~;i:::~-~~-,::;k-~~1 I . . l ~ ·~tr i<\~ t_ ·: ., " ''~- J. :~~~ ~~!iJ'. Printed on -~ r-:..;.;.;;.;;.,.;.~;_~ ... ,._ I 12"· ' I I ,. . , t l ~~~~;:. I ' .. ,,., , ~ .. L ,I· _.._ i:! •!;1: :[~ --~ , . ·:. ·:;. ·~· ~· .. , ', ,, . l]: '1:2$;~ i::l! • · ... · .,,,t ;u-;. 1Zit '9i«··l\ ;.t~:";':'•..:; · .. . . ~ 1 s ' --~~":!:~ •· .. , .. , :-1.1f ' ~~ ··;._~j/ ~i~DI . ;i(. ~-· *** Information herein deemed reliable but not guaranteed*** G>.1t.~~ ' -MI:Si;1' • .... :•; . ~ · fi~ ::lW(:.o:a·~ - ~;,l .~ -~~ ' 'J •• 07/15/2026
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Parcel Number: 33-25-05-23-400-035, Commercial/Industrial Building 12 ;:~; :8rj~~ 1lfi' ·- ~;·· c:i ~fa'FIN F - =~iQ;it . . 1¥.' ~-: '~~- · ··~Jti· · . ... : - ~~- :~~: _, r-•M- --- -- -~~~~· ~ -l "".QO.F,~~ b t38:if 1\cz:i rt.~ ~,- · -::!5.:~· :·~-ICCP .:Jl;l~lif. ~·* Information herein deemed reliable but not guaranteed*** :.BUIL:.o'l:MG:.<M' ;;,~-ct· .,SWFRI'St ··~;~r · :~').' ~,~~JN ·: Printed on · ..... . .'. ·'.' .. •.·. . .. . .- ·-r••·•···--·-~ - .... ~- r:···•..,.•••• .... ~-J . . . . ~; : I ·• . . ;;. :~'"! ~· ,.~1 """ I ;~, i'~J~: : .• ~ : \11~ o, ;.• -~~~- ..... . [5$tl ... - ......... .. .. :ait: !;:R · .:~ . · .. ...-:-. . 5.5" .'n.CCP M ~~f •'··1 ; - ~q-- : :·GHi·fJN:>Jl\1:. :& !~ts'ti ~ 07/15/2026
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Page 21
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Commercial/Industrial Building/Section 26 of 27
Parcel Number:
33-25-05-23-400-035
Printed on
07/15/2026
Desc. of Bldg/Section: DOUBLE GARAGES
Calculator Occupancy: Garages - Residential (Attached)
<<<<<
Calculator Cost Computations
Class: D,Siding
Quality: Average
>>>>>
Stories: 1
Story Height: 9
Perimeter: 0
~-r~~~r-~~---------r--~----,--,-----i Overall Building Height: 9
Class: D,Siding
Floor Area: 800
-
Gross Bldg Area: 190,147
Above Ave.
Stories Above Grd: 1
Base Rate for Upper Floors ; 34.57
Construction Cost
Average Sty Hght : 9
Quali"ty: Average
Bsmnt Wall Hght
Heat#l: No Heating or Cooling
0%
Adjusted Square Foot Cost for Upper Floors = 34.57
~~--~~~------~~----~Heat#2: Package·Heating & Cooling
0%
Depr. :able
: 2%
Ave. SqFt/Story: 800
Effect~ve Age
: 3
Ave. Perimeter
Total Floor Area: 800
27,656
Base cost New of Upper Floors ;
Physical %Good: 94
Has Elevators:
Reproduction/Replacement Cost;
27,656
Func. %Good
: 100
Economic %Good: 100
27 Identical Units=> Reproduction/Replacement Cost of all units=
746,712
*** Basement Info ***
Eff.Age:3
Phy.%Good/Abnr.Phy./Func-./Econ./Overall %Good: 94 /100/100/100/94.0
r-~~~~---=-c77--------~Area:
Total Depreciated Cost=
701,909
Remodeled
Perimeter:
~--~~----~----------~Type:
9 Overall Bldg
Heat: Hot Water, Radiant Floor
Height
Comments :
* Mezzanine Info *
Area #1:
Type #1:
Area #2:
Type #2:
* Sprinkler Info *
Area:
Type: Average
ECF (COM- MULTIFAMILY . APT COMPLEX)
Replacement Cost/Floor Area= 34.57
1.200 => TCV of Bldg: 26
=
Est. TCV/Floor Area= 38.99
842,291
(1) Excavation/Site Prep:
(7) .Interior:
(11) Electric and Lighting:
1
(39) Miscellaneous:
I
X Site Prep
X Frame, Offices Buildings, Class C,D,S X Typical, Office Buildings Class
(2) Foundation:
(8)-Plumbing:
X Poured Cone.
Block
(3) Frame:
X Wood, Mill Type (heavy timber) Cons
(4) Floor Structure:
X Concrete, on Ground
X Wood Joists and Sheathing
{5) Floor Cover:
X Carpet and Pad
X Vinyl Composition Tile
(6) Ceiling:
X Gypsum Board, Taped and Painted
Many
~~Average
Above Ave.
!Typical T
TFew
!None
Total Fixtures I
!Urinals
3-P.iece Baths
Wash Bowls
2-Piece Baths
Shower Stalls
Toilets
Water Heaters
wash Fountains
water Softeners
X Typical, Office Buildings
(9) Sprinklers:
(10) Heating and Cooling:
X TGas I I
Coal I I
Hand Fired
jOil
Stoker
Boiler
X Package Heating/Cooling, Short Ducts
*** Information herein deemed reliable but not guaranteed***
Outlets:
Fixtures:
Few
Few
Average
Average
Many
Many
Unfinished
Unfinished
X !Typical
X Typical
Flex conduit
Incandescent
Rigid Conduit
Fluorescent
Armored Cable
Mercury
(40) Exterior Wall:
Non-Metalic
Sodium Vapor
Bus Duct
Transformer
4 !Thickness
I X IBsmnt Insul.
(13) Roof Structure:
Slope=O
X Wood Siding
X Wood Joists, wood or composition
(14) Roof Cover:
X Composition Shingles, to 235#Page 33
07/15/2026 08:54 AM Valuation Report DB: Delhitwp2026 33-25-05-23-400-035 Property Class: 201 Map #: 23-50-04 2026 Est . T.C.V. REDWOOD HOLT CEDAR STREET MI P3 FEE 4106 RED WILLOW DRIVE DELHI CHARTER TOWNSHIP HOLT, MI 48842 Land Value Estimates for Land Table C-APT.APT/MULTI FAM COMPLEX'S * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason Value 198.03 0.00 1.0000 1.0000 0 100 0 ACREAGE TABLE 'A' 27.700 Acres 0 0 RM 0 MF DWELLIN GOOD MULT FAM 108 Units8000.00000 100 ALLOWABLE UNITS 864,000 198 Actual Front Feet, 27.70 Total Acres Total Est. Land Value = 864,000 Cost Estimates for Commercial/Industrial Building/Section: 1 Description of Occupancy: BLDG A - 6 UNITS Built 2023 Costs are taken from the Multiple Residences -Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 8341 # of Units: 6 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 8,341 Base Cost New of Upper Floors 868,215 8,341 Sq.Ft. of Sprinklers@ 4.70, Cost New= 39,203 Reproduction/Replacement Cost= 907,418 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 Total Depreciated Cost = 871,121 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 1 = 1,045,346 Replacement Cost/Floor Area= 108.79 Est. TCV/Floor Area= 125.33 Cost Estimates for Commercial/Industrial Building/Section: 2 Description of Occupancy: BLDG B - 5 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 7074 # of Units: 5 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10 ) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 7,074 Base Cost New of Upper Floors 736,332 7,074 Sq.Ft. of Sprinklers @ 4.92, Cost New= 34,804 Reproduction/Replacement Cost= 771,136 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1.200 => TCV of Bldg: 2 Est. TCV/Floor Area= 125.58 740,291 888,349 Cost Estimates for Commercial/Industrial Building/Section: 3 Description of Occupancy: BLDG C - 4 UNITS Built 2023 Costs are taken from the Multiple Residences -Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>>
Page 34
07/15/2026 08:54 AM Parcel Number: 33-25-05-23-400-035 Class: D,Siding Quality: Average Total Floor Area: 5607 * of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 Valuation Report Page: 2 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104 . 09 Total Floor Area: 5,607 Base Cost New of Upper Floors 583,632 5,607 Sq.Ft. of .sprinklers @ 4.92, Cost New= 27,586 Reproduction/Replacement Cost = 611,218 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 Total Depreciated Cost = 586,769 ECF (COM - MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 3 = 704,123 Replacement Cost/Floor Area= 109.01 Est. TCV/Floor Area= 125.58 Cost Estimates for Commercial/Industrial Building/Section: 4 Description of Occupancy: BLDG D - 6 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 7868 # of Units: 6 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors= 104.09 Total Floor Area: 7,868 Base Cost New of Upper Floors 818,980 7,868 Sq.Ft. of Sprinklers@ 4.70, Cost New= 36,980 Reproduction/Replacement Cost= 855,960 Eff.Age: ·2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 Total Depreciated Cost= 821,722 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 4 = 986,066 Replacement Cost/Floor Area= 108.79 Est. TCV/Floor Area= 125.33 Cost Estimates for Commercial/Industrial Building/Section: 5 Description of Occupancy: BLDG E - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schequles. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5204 * of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,204 Base Cost New of Upper Floors 5,204 Sq.Ft. of Sprinklers @ 4.92, Cost New= 25,604 541,684 Reproduction/Replacement Cost = 567,288 Eff.Age:2 Phy.%Good/Abnr.Phy . /Func./Econ./Overall %Good: 96 /100/100/100/96.0 DB: Delhitwp202 6
Page 35
07/15/2026 08:54 AM Parcel Number: 33-25-05-23-400-035 Valuation Report Total Depreciated Cost = Page: 3 544,596 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 5 = 653,516 Replacement Cost/Floor Area= 109 . 01 Est. TCV/Floor Area= 125.58 Cost Estimates for Commercial/Industrial Building/Section : 6 Description of Occupancy: BLDG F - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost s chedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5204 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors= 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,204 Base Cost New of Upper Floors 541,684 5,204 Sq.Ft. of Sprinklers @ 4.92, Cost New= 25,604 Reproduction/Replacement Cost= 567,288 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 ECF (COM - MULTIFAMILY APT COMPLEX) Repiacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1.200 => TCV of Bldg: 6 Est. TCV/Floor Area= 125.58 544,596 653,516 Cost Estimates for Commercial/Industrial Building/Section: 7 Description of Occupancy: BLDG G - 6 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 7868 # of Units: 6 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10 ) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 7,868 Base Cost New of Upper Floors 818,980 7,868 Sq.Ft. of Sprinklers@ 4.70, Cost New= 36,980 Reproduction/Replacement Cost = 855,960 Eff.Age: 2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 Total Depreciated Cost = 821,722 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 7 = 986,066 Replacement Cost/Floor Area= 108.79 Est. TCV/Floor Area= 125.33 Cost Estimates for Commercial/Industrial Building/Section: 8 Description of Occupancy: BLDG H - 5 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 6490 # of Units: 5 Overall Building Height: 9 Base Rate for Upper Floors 90.90 DB: De l h itwp202 6
Page 36
07/15/2026 08:54 AM Parcel Number: 33-25-05-23-400-035 Valuation Report (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 6,490 Base Cost New of Upper Floors Page: 4 100% 675,544 Reproduction/Replacement Cost = 675,544 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 Total Depreciated Cost = 648,522 1.200 => TCV of Bldg: 8 778,227 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 104 . 09 Est. TCV/Floor Area= 119 . 91 Cost Estimates for Commercial/ Industrial Building/Section: 9 Description of Occupancy: BLDG J - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen <<<<< Calculator Cost Computations cost schedules. >>>>> Class: D,Siding Quality: Average Total Floor Area: 5204 # of Units: 4 Overall Building Height : 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,204 Base Cost New of Upper Floors 541,684 5,204 Sq.Ft. of Sprinklers @ 4.92, Cost New= 25,604 Reproduction/Replacement Cost = 567,288 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1. 200 => TCV of Bldg: 9 Est. TCV/Floor Area= 125.58 544,596 653,516 Cost Estimates for Commercial/Industrial Building/Section: 10 Description of Occupancy: BLDG K - 5 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 6783 # of Units: 5 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 6,783 Base Cost New of Upper Floors 706,042 6,783 Sq.Ft. of Sprinklers@ 4.92, Cost New= 33,372 Reproduction/Replacement Cost = 739,414 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1.200 => TCV of Bldg: 10 Est. TCV/Floor Area= 125.58 709,837 851,805 Cost Estimates for Commercial/Industrial Building/Section: 11 Description of Occupancy: BLDG L - 4 UNITS Built 2023 DB : Delhitwp2026
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07/15/2026 08:54 AM Parcel Number: 33-25-05-23-400-035 Valuation Report Page: 5 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5204 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90 . 90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors= 104.09 Total Floor Area: 5,204 Base Cost New of Upper Floors 541,684 5,204 Sq.Ft. of Sprinklers @ 4.92, Cost New= 25,604 Reproduction/Replacement Cost = 567,288 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 Total Depreciated Cost = 544,596 1.200 => TCV of Bldg: 11 653,516 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Est. TCV/Floor Area= 125.58 Cost Estimates for Commercial/Industrial Building/Section: 12 Description of Occupancy: BLDG M - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5607 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors= 104.09 Total Floor Area: 5,607 Base Cost New of Upper Floors 583,632 5,607 Sq.Ft. of Sprinklers @ 4.92, Cost New= 27,586 Reproduction/Replacement Cost = 611,218 Eff.Age: 1 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1.200 => TCV of Bldg: 12 Est. TCV/Floor Area= 128.20 598,994 718,792 Cost Estimates for Commercial/Industrial Building/Section: 13 Description of Occupancy: BLDG N - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Good Total Floor Area: 5204 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 116.04 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 129.23 Total Floor Area: 5,204 Base Cost New of Upper Floors 672,513 Reproduction/Replacement Cost 672,513 DB: Delhitwp2026
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07/15/2026 08:54AM Parcel Number: 33-25-05-23-400-035 Valuation Report Page: 6 Eff.Age:l Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 Total Depreciat~d Co~t = 659,063 1.200 => TCV of Bldg: 13 790,875 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 129.23 Est. TCV/Floor Area= 151.97 Cost Estimates for Commercial/Industrial Building/Section: 14 Description of Occupancy: BLDG P - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5446 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors= 104 . 09 Total Floor Area: 5,446 Base Cost New of Upper Floors 566,875 5,446 Sq.Ft. of Sprinklers @ 4.92, Cost New= 26,794 Reproduction/Replacement Cost = 593,669 Eff.Age:2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1.200 => TCV of Bldg: 14 Est. TCV/Floor Area= 125.58 569,922 683,907 Cost Estimates for Commercial/Industrial Building/Section: 15 Description of Occupancy: BLDG Q - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5161 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,161 Base Cost New of Upper Floors 537,209 5,161 Sq.Ft. of Sprinklers @ 4.92, Cost New= 25,392 Reproduction/Replacement Cost= 562,601 Eff .Age: 2 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 96 /100/100/100/96.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1.200 => TCV of Bldg: 15 Est. TCV/Floor Area= 125.58 540,097 648,116 Cost Estimates for Commercial/Industrial Building/Section: 16 Desc~iption of Occupancy: BLDG R - 6 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 7868 # of Units: 6 Overall Building Height: 9 DB : Delhi twp2 02 6
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07/15/202 6 08:54 AM Parcel Number: 33-25-05-23-400-035 Base Rate for Upper Floors = 90.90 Valuation Report Page: 7 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104 . 09 Total Floor Area: 7,868 Base Cost New of Upper Floors 818,980 7,868 Sq.Ft. of Sprinklers @ 4.70, Cost New= 36,980 Reproduction/Replacement Cost = 855,960 Eff.Age:1 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 Total Depreciated Cost = 838,841 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 16 = 1,006,609 Replacement Cost/Floor Area= 108.79 Est. TCV/Floor Area= 127.94 Cost Estimates for Commercial/Industrial Building/Section: 17 Description of Occupancy: BLDG S - 5 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 6783 # of Units: 5 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 6,783 Base Cost New of Upper Floors 706,042 6,783 Sq.Ft. of Sprinklers@ 4.92, Cost New= 33,372 Reproduction/Replacement Cost = 739,414 Eff.Age:l Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 Total Depreciated Cost = 724,626 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 17 = 869,551 Replacement Cost/Floor Area= 109.01 Est. TCV/Floor Area= 128.20 Cost Estimates for Commercial/Industrial Building/Section: 18 Description of Occupancy: BLDG T - 5 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 6783 # of Units: 5 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost(SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 6,783 Base Cost New of Upper Floors 706,042 6,783 Sq.Ft. of Sprinklers@ 4.92, Cost New= 33,372 Reproduction/Replacement Cost= 739,414 Eff.Age:1 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 Total Depreciated Cost = 724,626 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 18 E 869,551 Replacement Cost/Floor Area= 109.01 Est. TCV/Floor Area= 128.20 DB: Delhitwp2026
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07/15/202 6 08:54 AM Parcel Number: 33-25-05-23-400-035 Valuation Report Page: 8 Cost Estimates for Commercial/Industrial Building/Section: 19 Description of Occupancy: BLDG U - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5607 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,607 Base Cost New of Upper Floors 583,632 5,607 Sq.Ft. of Sprinklers @ 4.92, Cost New= 27,586 Reproduction/Replacement Cost = 611,218 Eff.Age:l Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 Total Depreciated Cost = 598,994 1.200 => TCV of Bldg: 19 718,792 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Est. TCV/Floor Area= 128.20 Cost Estimates for Commercial/Industrial Building/Section: 20 Description of Occupancy: BLDG V - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5607 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,607 Base Cost New of Upper Floors 583,632 5,607 Sq.Ft. of Sprinklers @ 4.92, Cost New= 27,586 Reproduction/Replacement Cost = 611,218 Eff .Age: 1 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 Total Depreciated Cost = 598,994 ECF (COM- MULTIFAMILY APT COMPLEX) 1.200 => TCV of Bldg: 20 = 718,792 Replacement Cost/Floor Area= 109.01 Est. TCV/Floor Area= 128.20 Cost Estimates for Commercial/Industrial Building/Section: 21 Description of Occupancy: BLDG W - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5494 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,494 Base Cost New of Upper Floors 571,871 DB: Delhitwp2026
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07/15/2026 08:54 AM Parcel Number: 33-25-05-23-400-035 Valuation Report Page: 9 Reproduction/Replacement Cost= 571,871 Eff.Age: 1 Phy.%Good/Abnr.Phy . /Func./Econ./Overall %Good: 98 /100/100/100/98.0 Total Depreciated Cost= 560,434 1.200 => TCV of Bldg: 21 672,520 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 104.09 Est. TCV/Floor Area= 122.41 Cost Estimates for Commercial/Industrial Building/Section: 22 Description of Occupancy: BLDG X - 2 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 2804 # of Units: 2 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 2,804 Base Cost New of Upper Floors 291,868 5,804 Sq.Ft. of Sprinklers @ 4.92, Cost New= 28,556 Reproduction/Replacement Cost= 320,424 Eff.Age:l Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 114.27 Total Depreciated Cost = 1.200 => TCV of Bldg: 22 Est. TCV/Floor Area= 134.39 314,016 376,819 Cost Estimates for Commercial/Industrial Building/Section: 23 Description of Occupancy: BLDG Y - 4 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 5784 # of Units: 4 Overall Building Height: 9 Base Rate for Upper Floors 90.90 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors = 104.09 Total Floor Area: 5,784 Base Cost New of Upper Floors 602,057 5,784 Sq.Ft. of Sprinklers @ 4.92, Cost New= 28,457 Reproduction/Replacement Cost= 630,514 Eff .Age: 1 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost= 617,904 1.200 => TCV of Bldg: 23 741,484 Est. TCV/Floor Area= 128.20 Cost Estimates for Commercial/Industrial Building/Section: 24 Description of Occupancy: BLDG Z - 5 UNITS Built 2023 Costs are taken from the Multiple Residences - Senior Citizen cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Total Floor Area: 7070 # of Units: 5 DB: De lh1twp2 026
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07/15/2026 08:54 AM Parcel Number: 33-25-05-23-400-035 Overall Building Height: 9 Base Rate for Upper Floors 90.90 Valuation Report Page: 10 (10) Heating system: Package Heating & Cooling Cost/SqFt: 13.19 100% Adjusted Square Foot Cost for Upper Floors= 104.09 Total Floor Area: 7,070 Base Cost New of Upper Floors 735,916 7,070 Sq.Ft. of Sprinklers @ 4.92, Cost New= 34,784 Reproduction/Replacement Cost= 770,700 Eff .Age: 1 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 98 /100/100/100/98.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 109.01 Total Depreciated Cost = 1.200 => TCV of Bldg: 24 Est. TCV/Floor Area= 128.20 755,286 906,343 Cost Estimates for Commercial/Industrial Building/Section: 25 Description of Occupancy: SINGLE GARAGES Built 2023 Costs are taken from the Garages - Residential (Attached) cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D,Siding Quality: Average Stories: 1 Story Height: 9 Perimeter: 0 Overall Building Height: 9 Base Rate for Upper Floors = 42.88 Adjusted Square Foot Cost for Upper Floors = 42.88 Total Floor Area: 420 Base Cost New of Upper Floors 18,010 Reproduction/Replacement Cost 18,010 53 Identical Units ~>Reproduction/Replacement Cost of all units = 954,530 Eff.Age:3 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 94 /100/100/100/94.0 Total Depreciated Cost = 897,258 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 42.88 1.200 => TCV of Bldg: 25 = 1,076,710 Est. TCV(Floor Area= 48.37 Cost Estimates for Commercial/Industrial Building/Section: 26 Description of Occupancy: DOUBLE GARAGES Built 2023 Costs are taken from the Garages - Residential (Attached) cost schedules. <<<<< Calculator Cost C.omputations >>>>> Class: D,Siding Quality: Average Stories: 1 Story Height: 9 Perimeter: 0 Overall Building Height: 9 Base Rate for Upper Floors = 34.57 Adjusted Square Foot Cost for Upper Floors = 34.57 Total Floor Area: BOO Base Cost New of Upper Floors 27,656 Reproduction/Replacement Cost= 27,656 27 Identical Units=> Reproduction/Replacement Cost of all units= 746,712 Eff.Age:3 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 94 /100/100/100/94.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 34.57 Total Depreciated Cost= 701,909 1.200 => TCV of Bldg: 26 842,291 Est. TCV/Floor Area= 38.99 Cost Estimates for Commercial/Industrial Building/Section: 27 Built 2023 DB: Delhit wp2026
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07/15/2026 08:54 AM Parcel Number: 33-25-05-23-400-035 Description of Occupancy: MAIL SHED Valuation Report Page: 11 Costs are taken from the Sheds - Material Storage, 3 Wall cost schedules. <<<<< Calculator Cost Computations >>>>> Class: D Quality: Average Stories: 1 Story Height: 9 Perimeter: 0 Overall Building Height: 9 Base Rate for Upper Floors= 49.76 Adjusted Square Foot Cost for Upper Floors= 49.76 Total Floor Area: 222 Base Cost New of Upper Floors 11,047 Reproduction/Replacement Cost = 11,047 Eff.Age:3 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 94 /100/100/100/94.0 ECF (COM - MULTIFAMILY APT COMPLEX) Replacement Cost/Floor Area= 49.76 Total Depreciated Cost = 1.200 => TCV of Bldg: 27 Est. TCV/Floor Area= 56.13 Total Estimated True Cash Value of Commercial/Industrial Buildings 2026 Est. T.C.V. 33-25-05-23-400-035 Est. TCV/Total Floor Area = 112.40, Most recent sale 02/18/2026 for 1 2025 Assessed MBOR S.E.V. Base for Cap IRM 6,495,400 6,495,400 6,495,400 6,495,400 2.70 10,384 12,461 20,507,659 21,371,659 2026 New Eq. Adjustment Loss Additions Tax Adjustment Losses 4,190,400 0 0 4,190,400 0 0 2026 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT 10,685,800 10,685,800 10,685,800 10,861,175 10,685,800. 0 DB: Delhitwp2026