24-003608.pdf
Legacy Acquisitions, Petitioner V City Of Detroit, Respondent · 24-003608-TT
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Comparable Analysis Report RECEIVED 99 2025 . 10/21/2024 10:36 AN For Subject Parcel 16026562. AUG 1/2 - Feature Subject Comparable # 1 Posie . Comparable # 2 REAR TAX TRIBUNAlmparable # 3 Porting Parcel Number 16026562. 16040635. 16039358. 16040387, Address 17135 PENNINGTON 17343 ILENE 18666 ILENE Neighborhood/Location 2R214 2R214 2R214 0 2R214 0 Appraisal/Sale Date 03/31/2022 04/29/2022 04/28/2022 0 08/06/2021 0 Land Value 1,182 868 728 [4] 759 0 Assessed Value 48,200 45,700 42,200 43,900 Year Built 1957 1930 1939 0 1946 0 Quality c : 0 c 0 c 0 Style SINGLE FAMILY SINGLE MILY | [1] SINGLE FAMILY 0 SINGLE FAMILY 0 Bedrooms 0 0 0 0 0 Full Baths 0 1 0 1 0 Haif Baths [] 0 0 ! [4] 0 Square Feet 0 931 4,425 1,132 -600 Garage Square Feet 0 360 -800 252 200 Basement Square Feet 0 921 1,870 923 1,850 Fin Basement Sq. Feet [4] 843 -4,215 0 0
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Comparable Analysis Report : : 10/21/2024 10:36 AM For Subject Parcel 16026562. 2/2 Lo Comp. # 4 Feature Subject Comparable # 4 Adjustment — Parcel Number 16026562, 22022481. Address 17135 PENNINGTON 18110 STEEL Neighborhood/Location 2R214 2R214 0:f Appraisal/Sale Date ’ 03/31/2022 12/17/2021 a Land Value 1,192 899 | io} Assessed Value 48,200 47,100 Year Built i 1957 1937 0 Quality ’ Cc SE 0 Style SINGLE FAMILY SINGLE EAMILY 1/5 0 Bedrooms "0 : oil 0 Full Baths : 0 Half Baths 0 Square Feet -4,800 Garage Square Feet 600 Basement Square Feet 580 Fin Basement Sq. Feet 0 Actual Sale Price Adjiisted Sale Price
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Comparable Analysis Report R024 For Subject Parel 16026562 Address: 17135 PENNINGTON MARKETRANGE: FROM $58.75/SQ.FT. TO $151.94/SQ. FT MEAN: $106.56/SQ. FT. MEDIAN: $107.77/SQ. FT. INDICATED VALUE: $106.56/SQ.FT.X 1,108 = $118,068 $118,000 RNDED OR 106.56/SQ.FT. INDICATED VALUE: $118,000 Sale #1 is the most comparable to the subject property.
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Comparable Analysis Report 08/18/2025 11:27 AM For Subject Parcel 16026562. 1/2 Feature Subject Comparable # 1 Poriiiatlie Comparable # 2 Posie Comparable # 3 Posi ! Parcel Number 16026562. 16040635. 16039615. 16039358. - i 5 “ N it Address 17135 PENNINGTON 17343 ILENE 18277 WASHBURN 18474 WASHBURN Neighborhood/Location 2R214 2R214 0 2R214 0 2R214 0 Appraisal/Sale Date 03/31/2022 04/29/2022 0 07/24/2023 0 04/28/2022 0 Land Value 6,844 5,745 [J 5,378 0 5,273 0 Assessed Value 61,000 56,500 58,000 52,300 Year Built 1957 1930 0 1940 0 1939 0 Quality c C 0 C 0 C 0 Style SINGLE FAMILY SINGLE FAMILY 0 SINGLE FAMILY 0 SINGLE FAMILY 0 Full Baths 1 1 0 1 0 1 [¢] Half Baths 0 0 0 [o] [2] 0 0 Square Feet 1,108 1,109 -25 931 4,425 931 4,425 Garage Square Feet 280 280 0 360 -800 360 -800 Basement Square Feet 1,108 1,109 -10 931 1,770 921 1,870 Fin Basement Sq. Feet 0 0 0 860 -4,300 843 -4,215 | Actual Sale Price $/5q.Ft.: 151.94 168,500 $/Sq.Ft.: 1146.08 136,000 $/Sq.FL 123.52 115,000 Net:Adjustments Net Adj. 0.0% 35 Net Adj. 0.8% 1,095 Net Adj. 1.1% 1,280 Gross ‘Adjustments Gross Adj. 0.0% 35 Gross Adj. 8.3% 11,295 Gross'Adj. 9.8% 11;310 Adjusted Sale Price $/5q.FLr i 151.91 168,465 $/5q.Ft.1 1147.26 137,095 $/5q.Ft.::124.90 116,280
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Comparable Analysis Report 08/18/2025 11:27 AM For Subject Parcel 16026562. 22° . Comp. # 4 Feature Subject Comparable # 4 Adjustment Parcel Number 16026562. 16042382. 17135 PENNINGTON 18401 BIRWOOD Address Neighborhood/ Location 2R214 2R214 [4] Appraisal/Sale Date 03/31/2022 09/29/2023 0 Land Value 6,844 6,268 0 Assessed Value 61,000 60,100 Year Built 1957 1941 0 Quality [o C 0 Style SINGLE FAMILY SINGLE FAMILY 0 Full Baths 1 1 0 Half Baths 0 0 0 Square Feet 1,108 1,142 -850 Garage Square Feet 280 280 0 Basement Square Feet 1,108 929 1,790 Fin Basement Sq. Feet 0 [4] 0 Actual Sale Price $/Sq.Ft.1119.96 137,000 Net Adjustments Net Adj. 0.7% 940 Gross Adjustments Gross Adj. 1.9% 2,640 Adjusted Sale Price $/Sq. Ft 120.79 137,940
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COMPARABLE ANALYSIS REPORT FOR 2025 FOR SUBJECT PARCEL 16026562. ADDRESS: 17135 PENNINGTON MARKET RANGE: FROM $120.79 SQ.FT. TO $151.91 SQ. FT MEAN: $136.22S5Q.FT. MEDIAN: $136.08 SQ.FT. INDICATED VALUE: $136.22 SQ.FT. X 1,108 = $150,931 $150,900 RNDED OR $136.22 SQ.FT. ESTIMATED TRUE CASH VALUE: $150,900
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CITY OF DETROIT MICHIGAN TAX TRIBUNAL P.0.BOX 30) 235 "LANSING, MICHIGAN 48909 i
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CITY OF DETROIT OFFICE OF THE ASSESSOR 2 WOODWARD AVE. STE. 804 DETROIT, Ml. 48226 Eeic Duncan Lec hey fequisirions . 0 | 221 SourdE eld kd # ~el
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STATE OF MICHIGASTATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN ADMINISTRATIVE HEARING SYSTEM MICHIGAN TAX TRIBUNAL Eric Dunigan/Legacy Acquisitions Petitioner, Vv. MTT Docket No. 24-003608 CITY OF DETROIT, Respondent. PROOF OF SERVICE On August 18, 2025, 1 Dana McMurray mailed a copy of the Valuation Disclosure relative to the above captioned matter to: Eric Dunigan/Legacy Acquisitions Michigan Tax Tribunal 28211 Southfield Rd. #201 P.O. Box 30232 Lathrup Village, MI 48076 Lansing, MI. 48909 I declare that the statement above is true to the best of my information, knowledge and belief. 0 ce IN Le TA Dated: August 18, 2025 Dana McMurray Appraiser [V Coleman A. Young Municipal Centér 2 Woodward Ave., Suite 804 Detroit, Michigan 48226
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Weep) i a OFFICE OF THE ASSESSOR 2 WOODWARD AVE. STE. 804 DETROIT, MI. 48226 . MICHIGAN TAX TRIBUNAL P.0.BOX 3() Q3— ADC LANSING, MICHIGAN 48909