440 Selden Documents.pdf
440 Selden Street, LLC Petitioner V City Of Detroit Respondent · 26-000683-TT
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN ADMINISTRATIVE HEARING SYSTEM MICHIGAN TAX TRIBUNAL 440 Selden Street, LLC Petitioner, v. MTT Docket No. 26-000683 City Of Detroit, Respondent. ___________________________ PROOF OF SERVICE On 7/15/2026, I emailed the Proof of Service, Assessment Notice, Record Card, Valuation Report for this appeal to: Michigan Tax Tribunal PO Box 30232 Lansing, MI 48909 And e-mailed a copy to Petitioner’s Representative: Jason Long jlong@wwrplaw.com 380 N Old Woodward Ave Birmingham, MI 48009 I declare that the statement above is true to the best of my information, knowledge, and belief. Deon Dismuke Dated : 07/15/2026 Deon Dismuke Appraiser IV, MCAO Coleman A. Young Municipal Center 2 Woodward Ave., Suite 804 Detroit, Michigan 48226
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Requests to appeal to the March Board of Review can be submiƩed in several ways: - Online- Hearings can be self-scheduled online based on availability. A hearing and submission of documents can be done online at hƩps://detroitmi.gov/mbor - Via email at MBOR@detroitmi.gov. - Mail: Signed and completed March Board of Review peƟƟon (Form 618-L-4035) to: Board of Review, AƩn: March Board of Review, 2 Woodward Ave., Suite 804, Detroit, MI 48226 - A drop box is also located outside the Woodward entrance of the Coleman A. Young Municipal Center. - In Person-Visit the Coleman A. Young Municipal Center, Property Assessment Board of Review, Suite 105, Monday-Friday 8 a.m.– 4:30 p.m. A representaƟve will schedule your hearing while you are in the office or will call to set up and confirm your hearing date and Ɵme. If an agent is filing the appeal on behalf of the property owner, the authorizaƟon to act as the agent must be completed prior to the scheduled March 2025 Board of Review hearing. YOUR REQUEST TO APPEAL TO THE MARCH BOARD OF REVIEW MUST BE RECEIVED BY MARCH 9, 2026 at 4:30 p.m. The Detroit Board of Review will be conducƟng appeal hearings at physical locaƟon and video conference hearings online: -CROWELL RECREATION CENTER, 16630 Lasher Rd., Detroit, MI 48219 * Hearings are scheduled for the following dates and Ɵmes: March 4th–14th, 2026, beginning at 9:00 a.m. -HEILMANN RECREATION CENTER, 19601 Brock Ave., Detroit, MI 48205 * Hearings are scheduled for the following date and Ɵme: March 16th–28th, 2026, beginning at 9:00 a.m. -Online: Zoom video conferencing hearing, Session on the web: hƩps://cityofdetroit.zoom.us/j/84964354612 -By Telephone: (Dial-In Number: +13017158592 - MeeƟng ID (84964354612# US (Washington DC)) or (Dial-in Number: +13126266799 -MeeƟng ID (84964354612# US (Chicago)) Each taxpayer is urged to prepare brief remarks and present any supporƟng documentaƟon and the peƟƟon to the Board of Review (L-4035 to the Board of Review prior to the hearing via email at mbor@detroitmi.gov. Due to the volume of appellants, the Ɵme allowed for each taxpayer will be limited. Save this noƟce for the Board of Review hearing, along with your copy of the Ɵmely submiƩed 2026 Personal Property Statement or Form 5076 and any other documentaƟon to support your claim. A non-resident may protest to the March Board of Review by leƩer. LeƩer appeals are to be accompanied by a completed Board of Review peƟƟon form (L-4035). The peƟƟon form approved by the State Tax Commission is available at www.michigan.gov/treasury. When you reach the site, click on Forms (at top of page), then click on Property Tax, then click on Board of Review. Commercial Personal, Industrial Personal and UƟlity Personal Property valuaƟons or exempƟon status may be appealed to the March Board of Review or directly to The Michigan Tax Tribunal. Appeal to the Michigan Tax Tribunal must be on the prescribed form. Forms and instrucƟons can be located at www.michigan.gov/taxtrib. To appeal your assessment directly to the Michigan Tax Tribunal or a decision of the Board of Review, you must write to: THE MICHIGAN TAX TRIBUNAL, P.O. BOX 30232, LANSING, MI. 48909. NO LATER THAN MAY 31st The State Tax Commission may hear classificaƟon appeals for the current year only, prior to May 31st, if a personal property statement was filed Ɵmely and an appeal filed with the City of Detroit prior to the commencement of the March Board of Review as provided by MCL 211.19. Leasehold Improvement InformaƟon: If this noƟce is for the personal property of a tenant who has installed leasehold improvements, the following is the Taxable Value (TV) and the State Equalized Value (SEV) of the leasehold improvement porƟon of the total property. Taxpayers who did not file Form 5076 by February 20th to claim an exemption for Eligible Personal Property may appeal to the March Board of Review as provided by MCL 211.9o. OFFICE OF THE ASSESSOR (phone: 313 224-3011) or (email: AskTheAssessor@DetroitMi.gov) 2026 State Equalized Value (SEV): 2026 Taxable Value (TV): PRIOR AMOUNT YEAR: CURRENT TENTATIVE AMOUNT YEAR: 2026 2025 $220 207 (COMMERCIAL CONDOMINIUMS) N SELDEN WAYNE COUNTY CONDO PLAN NO 1069 UNIT #2 "SELDEN COMMERCIAL CONDOMINIU .00% % Exempt As "MBT Commercial Personal": .00% .00% % Exempt As "MBT Industrial Personal": .00% % Exempt As "Homeowners Principal Residence": 2025 WAS NOT 147,900 4. STATE EQUALIZED VALUE (SEV) : 1.000 3. TENTATIVE EQUALIZATION FACTOR: 147,900 123,500 2. ASSESSED VALUE: 2,678 101,895 99,217 CHANGE FROM PRIOR YEAR TO CURRENT YEAR PRIOR YEAR'S CLASSIFICATION: 207 (COMMERCIAL CONDOMINIUMS) 440 SELDON STREET LLC 440 SELDEN 440 SELDEN 02000816.016 DETROIT, MI 48226 2 WOODWARD AVE., SUITE 804 OFFICE OF THE ASSESSOR CITY OF DETROIT FROM: L-4400 This form is issued under the authority of P.A. 206 of 1893, Sec. 211.24 (c) and Sec.211.34c, as amended. This is a model assessment notice to be used by the local assessor. PARCEL NUMBER: NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL DETROIT MI 48201 PRINCIPAL RESIDENCE EXEMPTION Yes No PROPERTY ADDRESS: -24,400 The change in taxable value will increase/decrease your tax bill for this year by approximately: 123,500 -24,400 LEGAL DESCRIPTION: PARCEL IDENTIFICATION % Exempt As "Qualified Agricultural Property": 1. TAXABLE VALUE (Current amount is tentative): 5. There WAS/WAS NOT a transfer of ownership on this property in ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS: Michigan Department of Treasury, 1019 (Rev, 11-23) Notice of Personal Property, Taxable Valuation, and Property Classification Yes No X THIS IS NOT A TAX BILL Exempt As "Development Property": Exempt As "Qualified Forest Property": X The 2026 Inflation Rate Multiplier is: 1.027 Questions regarding the Notice of Assessment, Taxable Valuation, and Property Classification may be directed to the following: 0 0
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440 SELDEN First Class US Postage P A I D Detroit, MI Permit #5829 440 SELDON STREET LLC DETROIT MI 48201 CITY OF DETROIT OFFICE OF THE ASSESSOR 2 WOODWARD AVE., SUITE 804 DETROIT MI 48226
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*** Information herein deemed reliable but not guaranteed*** WAYNE County: CITY OF DETROIT Jurisdiction: Printed on Parcel Number: 02000816.016 91,652C 146,700 124,700 22,000 2023 96,234C 149,200 128,400 20,800 2024 99,217C 147,900 127,900 20,000 2025 101,895C 123,500 103,500 20,000 2026 Taxable Value Tribunal/ Other Board of Review Assessed Value Building Value Land Value Year * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason Value mid-g sq ft 3,353.450 Sq Ft 11.95 25 Based on 1st amend allocat 0.08 Total Acres Total Est. Land Value = 40,075 Land Value Estimates for Land Table MID-G.MIDTOWN GENERAL DM 07/12/2024 DESKTOP RE KS 02/11/2022 DESKTOP RE ML 07/27/2016 REASSESSME Who When What Level Rolling Low High Landscaped Swamp Wooded Pond Waterfront Ravine Wetland Flood Plain X X Topography of Site Dirt Road Gravel Road Paved Road Storm Sewer Sidewalk Water Sewer Electric Gas Curb Street Lights Standard Utilities Underground Utils. X X X X X X X X X Public Improvements Vacant Improved X The Equalizer. Copyright (c) 1999 - 2009. Licensed To: City of Detroit, County of Wayne, Michigan Split/Comb. on 10/03/2017 completed 10/03/2017 DEANJ CUSTOMERS REQUEST; Parent Parcel(s): 02000816.; Child Parcel(s): 02000816.001, 02000816.002, 02000816.003, 02000816.004, 02000816.005, 02000816.006, 02000816.007, 02000816.008, 02000816.009, 02000816.010, 02000816.011, 02000816.012, 02000816.013, 02000816.014, 02000816.015, 02000816.016; ----------------------------------------- Comments/Influences N SELDEN WAYNE COUNTY CONDO PLAN NO 1069 UNIT #2 "SELDEN COMMERCIAL CONDOMINIUM" RECORDED L53941 P53941 WCR 25% SPLIT/COMBINED ON 10/03/2017 FROM 02000816.; Tax Description 440 SELDON STREET LLC 440 SELDEN DETROIT MI 48201 Owner's Name/Address 440 SELDEN Property Address 2026 Est TCV 247,043 TCV/TFA: 223.57 WARD#: 02 P.R.E. 0% REVIEW NEE BLD201708949 11/16/2017 ADDITION School: DETROIT CITY SCHOOL DISTRICT Status Number Date Building Permit(s) Zoning: SD2 Class: COMMERCIAL CONDOM 100.0 OTHER 2020020503 21-NOT USED/OTHER OTH 12/27/2019 0 440 SELDON STREET LLC MARIE APARTMENTS LLC Prcnt. Trans. Verified By Liber & Page Terms of Sale Inst. Type Sale Date Sale Price Grantee Grantor 07/15/2026
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Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc X Footings (2) Foundation: (1) Excavation/Site Prep: ** ** Calculator Cost Data ** ** Quality: Good Heat#1: No Heating or Cooling 100 Heat#2: No Heating or Cooling 0% Ave. SqFt/Story: 2303 Ave. Perimeter: 67 Has Elevators: *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: 2303 Type: Good Low Ave. X Above Ave. High Construction Cost Comments: PART OF CONDOMINIUM PLAN #1051 UNITS 1-12, ASSESSED AS RESIDENTIAL CONDOS ON PARCELS #02000816.002 THROUGH #02000816.013 Overall Bldg Height 14 Year Built Remodeled 2017 Depr. Table : 1.5% Effective Age : 7 Physical %Good: 90 Func. %Good : 100 Economic %Good: 100 Class: D,Brick Floor Area: 2,303 Gross Bldg Area: 24,756 Stories Above Grd: 1 Average Sty Hght : 14 Bsmnt Wall Hght Desc. of Bldg/Section: 1ST FLOOR GARAGES Calculator Occupancy: Garages - Residential (Detached) *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 1 of 5 Printed on Parcel Number: 02000816.016 07/15/2026
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Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc X Footings (2) Foundation: (1) Excavation/Site Prep: ** ** Calculator Cost Data ** ** Quality: Good Heat#1: Package Heating & Cooling 100 Heat#2: Forced Air Furnace 0% Ave. SqFt/Story: 1269 Ave. Perimeter: 91 Has Elevators: X *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: 1269 Type: Good Low Ave. Above Ave. X High Construction Cost Comments: INCLUDES RESIDENTS STORAGE UNITS AREA, RESIDENCES LOBBY AND OTHER 1ST FLOOR COMMON AREA. PART OF CONDOMINIUM Overall Bldg Height 14 Year Built Remodeled 2017 Depr. Table : 2.25% Effective Age : 7 Physical %Good: 85 Func. %Good : 100 Economic %Good: 100 Class: D,Siding Floor Area: 1,269 Gross Bldg Area: 24,756 Stories Above Grd: 1 Average Sty Hght : 14 Bsmnt Wall Hght Desc. of Bldg/Section: 1ST FLOOR ONLY Calculator Occupancy: Apartment *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 2 of 5 Printed on Parcel Number: 02000816.016 07/15/2026
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Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: D Quality: Good Stories: 1 Story Height: 14 Perimeter: 181 Overall Building Height: 14 Base Rate for Upper Floors = 151.29 (10) Heating system: Package Heating & Cooling Cost/SqFt: 20.77 100% Adjusted Square Foot Cost for Upper Floors = 172.06 Total Floor Area: 3,360 Base Cost New of Upper Floors = 578,121 3,360 Sq.Ft. of Sprinklers @ 8.39, Cost New = 28,190 Reproduction/Replacement Cost = 606,311 Eff.Age:7 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 84 /100/100/100/84.0 Total Depreciated Cost = 509,301 Weighting Factor (%): 25.00 Contribution to Total Building Cost = 127,325 <<<<< Segregated Cost Computations >>>>> Costs taken from Segregated Cost Section 3: Stores & Commercials Cost # or Height Storys Item Desciption Col. Rate SqFt Adj. Adj. Cost Total Cost New = 0 Architectural Multiplier: 1.07 <<<<< Calculations too long. See Valuation printout for complete pricing. >>>>> ** ** Calculator Cost Data ** ** Quality: Good Heat#1: Package Heating & Cooling 100 Heat#2: Package Heating & Cooling 0% Ave. SqFt/Story: 3360 Ave. Perimeter: 181 Has Elevators: *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: 3360 Type: Good Low Ave. X Above Ave. High Construction Cost Comments: RETAIL AREA PART OF CONDOMINIUM PLAN #1069 UNIT 1, ASSESSED ON PARCEL #02000816.014 Overall Bldg Height 14 Year Built Remodeled 2017 Depr. Table : 2.5% Effective Age : 7 Physical %Good: 84 Func. %Good : 100 Economic %Good: 100 Class: D Floor Area: 3,360 Gross Bldg Area: 24,756 Stories Above Grd: 1 Average Sty Hght : 14 Bsmnt Wall Hght Desc. of Bldg/Section: 1ST FLOOR RETAIL AREA Calculator Occupancy: Stores - Retail *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 3 of 5 Printed on Parcel Number: 02000816.016 07/15/2026
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480 SqFt, Wood Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc X Footings (2) Foundation: (1) Excavation/Site Prep: ** ** Calculator Cost Data ** ** Quality: Good Heat#1: Package Heating & Cooling 100 Heat#2: Forced Air Furnace 0% Ave. SqFt/Story: 5588 Ave. Perimeter: 382 Has Elevators: X *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: 16764 Type: Good Low Ave. Above Ave. X High Construction Cost Comments: PART OF CONDOMINIUM PLAN #1051 UNITS 1-12, ASSESSED AS RESIDENTIAL CONDOS ON PARCELS #02000816.002 THROUGH #02000816.013 Overall Bldg Height 35 Year Built Remodeled 2017 Depr. Table : 2.25% Effective Age : 7 Physical %Good: 85 Func. %Good : 100 Economic %Good: 100 Class: D,Siding Floor Area: 16,764 Gross Bldg Area: 24,756 Stories Above Grd: 3 Average Sty Hght : 12 Bsmnt Wall Hght Desc. of Bldg/Section: FLOORS 2-4 Calculator Occupancy: Apartment *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 4 of 5 Printed on Parcel Number: 02000816.016 07/15/2026
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Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: D Quality: Good Stories: 1 Story Height: 11 Perimeter: 136 Overall Building Height: 11 Base Rate for Upper Floors = 241.28 (10) Heating system: Package Heating & Cooling Cost/SqFt: 34.85 100% Adjusted Square Foot Cost for Upper Floors = 276.13 Total Floor Area: 1,060 Base Cost New of Upper Floors = 292,697 1,060 Sq.Ft. of Sprinklers @ 10.59, Cost New = 11,225 Reproduction/Replacement Cost = 303,922 Eff.Age:7 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 87 /100/100/100/87.0 Total Depreciated Cost = 264,412 Weighting Factor (%): 25.00 Contribution to Total Building Cost = 66,103 <<<<< Segregated Cost Computations >>>>> Costs taken from Segregated Cost Section 5: Offices, Banks, Hospitals Cost # or Height Storys Item Desciption Col. Rate SqFt Adj. Adj. Cost Total Cost New = 0 Architectural Multiplier: 1.07 <<<<< Calculations too long. See Valuation printout for complete pricing. >>>>> ** ** Calculator Cost Data ** ** Quality: Good Heat#1: Package Heating & Cooling 100 Heat#2: Forced Air Furnace 0% Ave. SqFt/Story: 1060 Ave. Perimeter: 136 Has Elevators: *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: 1060 Type: Good Low Ave. Above Ave. High X Construction Cost Comments: PART OF CONDOMINIUM PLAN #1069 UNIT 2, ASSESSED ON PARCEL #02000816.015 Overall Bldg Height 11 Year Built Remodeled 2017 Depr. Table : 2% Effective Age : 7 Physical %Good: 87 Func. %Good : 100 Economic %Good: 100 Class: D Floor Area: 1,060 Gross Bldg Area: 24,756 Stories Above Grd: 1 Average Sty Hght : 11 Bsmnt Wall Hght Desc. of Bldg/Section: 2ND FLOOR OFFICE Calculator Occupancy: Office Buildings *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 5 of 5 Printed on Parcel Number: 02000816.016 07/15/2026
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*** Information herein deemed reliable but not guaranteed***
Parcel Number: 02000816.016, Commercial/Industrial Building 5
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Information herein
deemed reliable
but
not guaranteed***Page 11
Valuation Report DB: Detroit-26 07/15/2026 09:18 AM Overall Building Height: 11 Stories: 1 Story Height: 11 Perimeter: 136 Class: D Quality: Good <<<<< Calculator Cost Computations >>>>> Costs are taken from the Office Buildings cost schedules. Description of Occupancy: 2ND FLOOR OFFICE Cost Estimates for Commercial/Industrial Building/Section: 5 Built 2017 Description of Occupancy: FLOORS 2-4 Cost Estimates for Commercial/Industrial Building/Section: 4 Built 2017 Replacement Cost/Floor Area= 180.45 Est. TCV/Floor Area= 40.55 ECF (CCMX- CENTRAL CORE MIXED USE) 1.070 => TCV of Bldg: 3 = 136,238 Weighting Factor (%): 25.00 Contribution to Total Building Cost = 0 Total Depreciated Cost = 0 Eff.Age:7 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 84 /100/100/100/84.0 Reproduction/Replacement Cost = 0 Architectural Multiplier: 1.07 Total Cost New = 0 Item Desciption Col. Rate SqFt Adj. Adj. Cost Cost # or Height Storys Costs taken from Segregated Cost Section 3: Stores & Commercials <<<<< Segregated Cost Computations >>>>> Weighting Factor (%): 25.00 Contribution to Total Building Cost = 127,325 Total Depreciated Cost = 509,301 Eff.Age:7 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 84 /100/100/100/84.0 Reproduction/Replacement Cost = 606,311 3,360 Sq.Ft. of Sprinklers @ 8.39, Cost New = 28,190 Total Floor Area: 3,360 Base Cost New of Upper Floors = 578,121 Adjusted Square Foot Cost for Upper Floors = 172.06 (10) Heating system: Package Heating & Cooling Cost/SqFt: 20.77 100% Base Rate for Upper Floors = 151.29 Overall Building Height: 14 Stories: 1 Story Height: 14 Perimeter: 181 Class: D Quality: Good <<<<< Calculator Cost Computations >>>>> Costs are taken from the Stores - Retail cost schedules. Description of Occupancy: 1ST FLOOR RETAIL AREA Cost Estimates for Commercial/Industrial Building/Section: 3 Built 2017 Description of Occupancy: 1ST FLOOR ONLY Cost Estimates for Commercial/Industrial Building/Section: 2 Built 2017 Description of Occupancy: 1ST FLOOR GARAGES Cost Estimates for Commercial/Industrial Building/Section: 1 Built 2017 0.08 Total Acres Total Est. Land Value = 40,075 mid-g sq ft 3,353.450 Sq Ft 11.95 25 Based on 1st amend allocation 40,075 Description Frontage Depth Front Depth Rate %Adj. Reason Value * Factors * Land Value Estimates for Land Table MID-G.MIDTOWN GENERAL Map #: 02 CITY OF DETROIT , Property Class: 207 440 SELDEN 02000816.016 2026 Est. T.C.V. 440 SELDON STREET LLC
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Valuation Report DB: Detroit-26 07/15/2026 09:18 AM 123,500 123,500 123,500 101,895 101,895 0 2026 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT 0 -24,400 0 0 2,678 0 2026 New Eq. Adjustment Loss Additions Tax Adjustment Losses 147,900 147,900 147,900 99,217 2.70 2025 Assessed MBOR S.E.V. Base for Cap IRM Est. TCV/Total Floor Area = 223.57, Most recent sale 12/27/2019 for 0 2026 Est. T.C.V. 02000816.016 = 247,043 Total Estimated True Cash Value of Commercial/Industrial Buildings = 206,968 Replacement Cost/Floor Area= 286.72 Est. TCV/Floor Area= 66.73 ECF (CCMX- CENTRAL CORE MIXED USE) 1.070 => TCV of Bldg: 5 = 70,730 Weighting Factor (%): 25.00 Contribution to Total Building Cost = 0 Total Depreciated Cost = 0 Eff.Age:7 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 87 /100/100/100/87.0 Reproduction/Replacement Cost = 0 Architectural Multiplier: 1.07 Total Cost New = 0 Item Desciption Col. Rate SqFt Adj. Adj. Cost Cost # or Height Storys Costs taken from Segregated Cost Section 5: Offices, Banks, Hospitals <<<<< Segregated Cost Computations >>>>> Weighting Factor (%): 25.00 Contribution to Total Building Cost = 66,103 Total Depreciated Cost = 264,412 Eff.Age:7 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 87 /100/100/100/87.0 Reproduction/Replacement Cost = 303,922 1,060 Sq.Ft. of Sprinklers @ 10.59, Cost New = 11,225 Total Floor Area: 1,060 Base Cost New of Upper Floors = 292,697 Adjusted Square Foot Cost for Upper Floors = 276.13 (10) Heating system: Package Heating & Cooling Cost/SqFt: 34.85 100% Base Rate for Upper Floors = 241.28 Parcel Number: 02000816.016 Page: 2