24-003694.pdf
Drf5 Qozb LLC, Petitioner V City Of Detroit, Respondent · 24-003694-TT
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MARKET RANGE: FROM $23.53SQ.FT. TO $70.35SQ. FT MEAN: $48.55SQ. FT. MEDIAN: $54.03SQ.FT. INDICATED VALUE: $48.55 SQ.FT. X 1,094 = $53,114 $53,100 RNDED OR $48.55SQ.FT. ESTIMATED TRUE CASH VALUE: $53,100 COMPARABLE ANALYSIS REPORT FOR 2025 FOR SUBJECT PARCEL 12012389. ADDRESS: 14900 HOLMUR " YNNEIYL XV.L NYOTHIIW 60218130 CENYEOE. |
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Comparable Analysis Report 10/13/2025 10:51 AM For Subject Parcel 12012389. 1/2. Feature Subject Comparable # 1 Poi . Comparable # 2 a Comparable #3 a Parcel Number 12012389. 12012338. 08009013. 12012697. Address 14900 HOLMUR 15769 BELDEN 15792 WABASH 15822 QUINCY Neighborhood/Location 2R225 2R225 0 2R225 0 2R225 0 Appraisal/Sale Date 03/31/2022 10/31/2023 0 07/16/2024 0 03/26/2025 0 Land Value 3,542 2,405 0 2,695 0 2,405 [¢] Assessed Value 21,400 19,000 19,400 17,800 Year Built 1940 1924 [4 1923 0 1924 0 Quality Cc [of 0 Cc 0 cD 0 Style SINGLE FAMILY. SINGLE FAMILY 0 SINGLE FAMILY 0 SINGLE FAMILY 0 Full Baths 1 1 0 1 0 1 0 Half Baths 1] 0 0 0 0 0 0 Square Feet 1,094 1,026 1,700 1,078 400 1,080 350 Garage Square Feet 306 360 360 486 -900 484 -880 Basement Square Feet 890 586 3,040 616 2,740 864 260 | Fin Basement Sq. Feet 0 0 0 0 0 864 -4,320 Actual Sale Price $/Sq.Ft; 53.61 55,000 $/Sq.Ft.; 51.95 56,000 $/Sq.Ft: 27.78 30,000 Net Adjustments Net Adj. 9.3% 5,100 Net Adj: 4.0% 2,240 Net Adj. 15.3% 4,590 Gross Adjustments Gross Adj. 9.3% 5,100 Gross Adj: 7.2% 4,040 Gross Adj. 19.4% 5,810 Adjusted Sale Price $/Sq.Ft.; 58.58 60,100 $/5q.Ft.; 54.03 58,240 $/Sq.Fts 23.53 25,410
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Comparable Analysis Report 10/13/2025 10:52 AM For Subject Parcel 12012389. 2/2 . Feature Subject Comparable # 4 Puri 3 Comparable # 5 Poi Parcel Number 12012389. 12012892. 12012498. Address 14900 HOLMUR 15330 PETOSKEY 15821 HOLMUR Neighborhood/Location 2R225 2R225 0 2R225 Appraisal/Sale Date 03/31/2022 02/14/2025 0 01/28/2025 Land Value 3,542 2,775 0 2,405 0 Assessed Value 21,400 32,100 18,100 Year Built 1949 1922 0 1923 0 Quality Cc c 0 Cc 0 | Style SINGLE FAMILY. SINGLE FAMILY [] SINGLE FAMILY 0 Full:Baths 1 1 0 1 0 | Half Baths 0 0 0 0 0 Square Feet 1,094 1,047 1,175 948 3,650 Garage Square Feet 396 360 360 440 -440 Basement Square Feet 890 748 1,420 542 3,480 Fin Basement Sq. Feet 0 0 0 0 0 Actual Sale Price $/Sq.Ft.: 33.43 35,000 $/5q.Ft: 63.29 60,000 Net Adjustments Net Adj. 8.4% 2,955 Net Adj. 11.2% 6,690 Gross Adjustments Gross Adj. 8.4% 2,955 Gross Adj. 12.6% 7,570 Adjusted Sale Price $/Sq.FL: 36.25 37,955 $/Sq.Ft 70.35 66,690
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CITY OF DETROIT OFFICE OF THE ASSESSOR | 2 WOODWARD AVE. STE. 804 DETROIT, Ml. 48226 P.O. BOX 30232 LANSING, MICHIGAN 48909
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OF DETROIT CE OF THE ASSESSOR JODWARD AVE. STE. 804 20IT, MI. 48226 DRFS P02, | QR_RTR MicHicand AVE. ITE + 539 NEAR NBO MI HR get
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| CITY OF DETROIT OFFICE OF THE ASSESSOR 2 WOODWARD AVE. STE. 804 DETROIT, MI. 48226 — INHEERAS MAT HE oO HBO Tr ory Mier Ad. Oni R07 NN Don ooby, GA 2308L0D
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN ADMINISTRATIVE HEARING SYSTEM MICHIGAN TAX TRIBUNAL DRFE QOZB LLC Petitioner, \2 MTT Docket No. 24-003694 CITY OF DETROIT, Respondent. PROOF OF SERVICE On October 13, 2025, 1 Dana McMurray mailed a copy of the Valuation Disclosure relative to the above captioned matter to: .DRF5 QOZB LLC Michigan Tax Tribunal 23875 Michigan Ave., Ste. #539 P.O. Box 30232 Dearborn, MI 48124 Lansing, MI 48909 Dheeraj Mathew 4430 Tilly Mill Rd., Unit #307 Dunwoody, GA 30360 I declare that the statement above is true to the best of my information, knowledge and belief. C Dated: October 13, 2025 A) Ce Med Noor" Dana McMurray Appraiser IV
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CITY CF DETROIT OFFICE OF THE ASSESSOR 2 WOODWARD AVE. STE. 804 DETROIT, Ml. 48226 MICHIGAN TAX T RIBUN P.O. BOX 30232 2 LANSING, MICHIGAN 48909