Final Documents.pdf

Hartwell Properties Investment LLC, Petitioner V City Of Detroit, Respondent · 25-002790-TT

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STATE OF MICHIGAN 

DEPARTMENT OF LICENSING & REGULATORY AFFAIRS 

MICHIGAN ADMINISTRATIVE HEARING SYSTEM 

MICHIGAN TAX TRIBUNAL 

 

Hartwell Properties Investment LLC, 

 

Petitioner, 

v. 

 

 

 

 

 

 

 

 

MTT Docket No. 25-002790 

 

 

City Of Detroit, 

 

 

 

 

 

 

Respondent. 

___________________________ 

 

 

PROOF OF SERVICE 

 

On 8/4/2025, I emailed the Respondent’s Answer, Proof of Service, Valuation Report, Assessment 

Notice, and Record Card for this appeal to: 

 

Michigan Tax Tribunal 

PO Box 30232 

Lansing, MI 48909 

 

And e-mailed a copy to Petitioner’s Representative: 

 

Sam Miller 

Nassco123@yahoo.com 

 

 

 

 

 

 

26923 Havelock 

Dearborn Heights, MI 48127 

 

 

I declare that the statement above is true to the best of my information, knowledge, and belief. 

 

 

 

Deon Dismuke 

 

Dated : 8/04/2025 

 

 

Deon Dismuke 

 

 

 

Appraiser III, MCAO 

Coleman A. Young Municipal Center 

2 Woodward Ave., Suite 804 

Detroit, Michigan 48226

0

00

308,090

MARKET VALUE

QuesƟons regarding the NoƟce of Assessment, Taxable ValuaƟon, and Property ClassificaƟon may be directed to 

the following:

9. YEAR BUILT (ACTUAL AGE):

The 2025 Inflation Rate Multiplier is: 1.031

7. ESTIMATED TRUE CASH VALUE (MARKET VALUE):

6. ASSESSOR CHANGE REASON:

8. EFFECTIVE AGE:

X

Exempt As "Qualified Forest Property":

Exempt As "Development Property":

THIS IS NOT A TAX BILL

X No

Yes

Notice of Assessment, Taxable Valuation, and Property Classification

Michigan Department of Treasury, 

1019 (Rev, 11-23)

ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS:

5. There WAS/WAS NOT a transfer of ownership on this property in 

1. TAXABLE VALUE (Current amount is tentative):

% Exempt As "Qualified Agricultural Property":

PARCEL IDENTIFICATION

Legal Description:

9,700

154,000

The change in taxable value will increase/decrease 

your tax bill for this year by approximately:

9,700

PROPERTY ADDRESS

No

Yes

PRINCIPAL RESIDENCE EXEMPTION

DEARBORN HEIGHTS MI 48126

NAME AND ADDRESS OF OWNER OR PERSON 

NAMED ON ASSESSMENT ROLL 

PARCEL NUMBER:

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 noƟce to be used by the local assessor.

L-4400

FROM:

CITY OF DETROIT

OFFICE OF THE ASSESSOR

2 WOODWARD AVE., SUITE 804

DETROIT, MI 48226

22029729-30

7511 BINGHAM

11402 SCHAEFER

HARTWELL PROPERTIES INVESTME LLC

201 (COMMERCIAL-IMPROVED)

PRIOR YEAR'S CLASSIFICATION:

CURRENT TENTATIVE 

AMOUNT YEAR:

PRIOR AMOUNT 

YEAR: 

CHANGE FROM 

PRIOR YEAR TO 

CURRENT YEAR

109,015

112,394

3,379

2. ASSESSED VALUE:

154,000

144,300

3. TENTATIVE EQUALIZATION FACTOR:

1.000

4. STATE EQUALIZED VALUE (SEV) :

144,300

WAS NOT

2024

% Exempt As "Homeowners Principal Residence":

.00%

% Exempt As "MBT Industrial Personal":

.00%

.00%

% Exempt As "MBT Commercial Personal":

.00%

E SCHAEFER 10 & 9BUCKINGHAM PARK SUB L34 P20 PLATS, WCR 22/572 80 X 125

201 (COMMERCIAL-IMPROVED)

$288

2024

2025

General Information About Taxable Values Shown in This Notice

Property taxes are calculated based on the Taxable Value (Line 1) of the property. State Equalized Value is the

Assessed Value multiplied by the Equalization Factor, if any. State Equalized Value must approximate 50% of

market value.

Any increase in Taxable Value shown in the "Change from Prior Year to Current Year" Column, does not

indicate the amount of change in your taxes. The change in your tax bill from a change to the property's

Taxable Value is estimated in the space above Line 1.

IF THERE WAS A TRANSFER OF OWNERSHIP on your property in 2024, your 2025 Taxable Value will be the same

as your 2025 State Equalized Value.

IF THERE WAS NOT A TRANSFER OF OWNERSHIP on your property in 2024, your 2025 Taxable Value is calculated

by multiplying your 2024 Taxable Value by 1.031 (the Inflation Rate Multiplier for the current year). However,

your Taxable Value may not exceed, and is capped by, the State Equalized Value of the property.

Physical changes in your property may also increase or decrease your Taxable Value. The Assessor may consider

the following factors in determining the value of your property. However, the Assessor may not consider general

maintenance, such as paint, a new roof, or windows. In preparing for any appeals to the Board of Assessors or

the Board of Review, these same following factors will be considered:

1.

The condition of your neighborhood and the role surrounding properties play a role in how your property

is valued. In any complaint, you must explain why you believe the assessed value/classification contained

in this notice is incorrect and state the reason(s) why.

2. Circumstances such as structural defects, fire damage, demolition, or incorrect property data. At the time

of appeal submission, photos of property structural defects, invoices, estimates, fire/ demolition reports,

and property appraisals are encouraged to be submitted as evidence to support your appeal. An inspection

of the property from the Office of the Assessor would be needed to see if a revision due to damage or error

in your assessed value or property classification is warranted.

3. A recent appraisal from a licensed appraiser showing that the value of your property is significantly different

from the True Cash Value. (Mortgage appraisals are usually not acceptable.)

4. If properties in your specific neighborhood (similar in size, style, and age) recently sold on the open market

for significantly more or less than your current True Cash Value.

Principal Residence Exemption (PRE)

The homestead owned and used as the principal residence of a property taxpayer may be eligible for a PRE. If

eligible and approved, the PRE will exempt the homestead from the levy of school district operating taxes. School

district operating taxes in Detroit are levying on the summer tax bill.

To claim a PRE, the owner of a homestead must complete the "Principal Residence Exemption Affidavit" (Form

2368) and file it with the City Assessor's office in the year the exemption will be claimed. A valid affidavit filed on

or before June 1 allows an owner to receive a PRE on the current year summer and subsequent school district

operating tax levies so long as it remains the owner's principal residence.

The denial of an exemption from the local school operating tax for a "homeowner's principal residence" (the

PRE exemption) may be appealed to the Michigan Tax Tribunal by the filing of a petition within 35 days of

issuance of this notice. The petition must be a form approved by the Michigan Tax Tribunal, which is available at

www.michigan.gov/ taxtrib.

How to Appeal

There are three steps to the annual appeal process: Assessor Review (local), March Board of Review (local), and

the Michigan Tax Tribunal. The Assessor Review is the first step in the appeal process. You are not required to

file an appeal at the Assessor Review; however, filing a protest with the Board of Review is necessary to protect

your right to further appeal valuation and exemption disputes to the Michigan Tax Tribunal and classification

appeals to the State Tax Commission.

The Board of Review is not the Board of Assessors, and the Board of Assessors is not the Board of Review. Each

has its own jurisdiction and restriction on who may seek an appeal. Each has their own period where they can

make decisions regarding property assessment. Please read the filing instructions and requirements thoroughly.

Board of Assessors Review

Recent amendments to City Ordinance have expanded the type of person who may consider themselves

aggrieved by an assessment and make a complaint before the City's Board of Assessors. In addition to persons

liable to be taxed and therefore on the assessment roll, such as the owner, or that person's agent, other persons

with certain documented financial interests may be considered aggrieved and file a complaint before the Board

of Assessors. That documentation may include a lease agreement assigning responsibility for paying the

property taxes to the person, a receipt showing or an affidavit attesting that the individual paid a portion of the

property taxes in a preceding year, a land contract in the person's name, or any other document proving a

financial interest in the property.

CAUTION: IF YOU ARE ENTITLED TO MAKE A COMPLAINT TO THE CITY BOARD OF ASSESSORS, BUT ARE NOT

THE PERSON LIABLE TO BE TAXED, YOU WILL NOT BE ENTITLED TO APPEAL THE BOARD OF ASSESSOR'S

DETERMINATION TO THE CITY'S BOARD OF REVIEW.

TIMELY FILE AN APPEAL DURING THE BOARD OF ASSESSOR REVIEW PERIOD if you believe the Taxable Value,

the Assessed Value, the State Equalized Value, the Property Classification, or the Transfer of Ownership

information on your notice is incorrect. The appeal should explain why you believe the information is incorrect.

Provide supporting documentation with your claim. The Office of the Assessor encourages all persons to ask

questions about the process and appeal the value, if they believe it is not consistent or reflective of the current

market value of the property. You have every right to ask the Assessor for the sales study used to value the

property.

You are not required to file for a review with the Board of Assessors to file for an appeal with the March Board

of Review if you are qualified under State Law to file for an appeal with the March Board of Review. A denial of

a complaint made before the Board of Assessors does not prohibit a person liable to be taxed, ortheir agent,

from filing for a review by the Board of Review if the appeal is made in a timely manner.

Deadline for Board of Assessor Complaints/Appeals

The Board of Assessors' Review period must convene February 1, 2025, and conclude on February 22,

2025. All appeals must be received by 4:30 p.m. EST. on February 22, 2025. Late submissions will not

be accepted. Faxed appeals are not accepted. An appeal can be filed online, in person, or by mail.

1. Online-Appeals can be submitted online at detroitmi.gov/PropertyTaxAppeal

2. In Person-Visit the Detroit Taxpayer Service Center Suite 130 in the Coleman A. Young Municipal

3.

Center, 2 Woodward Avenue Monday-Thursday 8:00 a.m.- 4:30 p.m., Friday and Saturday by

appointment only.

Mail-Send a letter to: Office of the Assessor, Attn: Assessor Review, 2 Woodward Avenue, Suite 804,

Detroit, MI 48226. Include your name, address and/or parcel number, reason for appeal with any

supporting documentation, telephone number or email address. The envelope must be

postmarked by February 22, 2025. A drop box is also located outside the Woodward entrance of

the Coleman A. Young Municipal Center to drop off your appeal without entering the building.

Board of Review Appeals

The Taxable Value, the Assessed Value, the State Equalized Value, the Property Classification, or the Transfer of

Ownership may be appealed by filing a protest with the City's Board of Review. The denial of an exemption from

the local school operating tax for "qualified agricultural properties" may also be appealed to the City's Board of

Review. Appeals are made to the Board of Review by completing a Board of Review Petition Form. The Petition

to the March Board of Review can be located at https://detroitmi.gov/government/boards/property-

assessment-board-review or from the Michigan Department of Treasury's website at www.michigan.gov/taxes.

Click on the "Property Taxes" box, select "Forms and Instructions," then click on "Board of Review" to obtain a

"Petition to the Board of Review," Form 618 (L-4035).

Filing a protest with the Board of Review is necessary to protect your right to further appeal valuation and

exemption disputes to the Michigan Tax Tribunal and classification appeals to the State Tax Commission.

Properties classified Commercial Real, Industrial Real or Developmental Real may be appealed to the regular

March Board of Review or to the Michigan Tax Tribunal by filing a petition by May 31. Commercial Personal,

Industrial Personal, or Utility Personal Property may be appealed to the regular March Board of Review or to the

Michigan Tax Tribunal by filing a petition by May 31 if a personal property statement was filed with the local unit

prior to the commencement of the Board of Review as provided by State law. The petition must be a form

approved by the Michigan Tax Tribunal, which are available at www.michigan.gov/taxtrib.

Pursuant to State law, only persons liable to be taxed and therefore on the assessment roll, such as the owner,

or that person's agent may file an appeal to March Board of Review. If an agent is filing an appeal on behalf of

the person liable for the tax, sufficient evidence to act as an agent must be provided. That evidence must include

a letter of authorization for each property executed by the person otherwise entitled to file the appeal. All

companies, LLCs and/ or corporations must provide organization documents along with the title and name of

the authorized person(s) to act on behalf of the entity.

Deadline of Board of Review Petition

A petition to the Detroit March 2025 Board of Review can be filed via email, person, by or mail

by March 10, 2025, by 4:30p.m. EST. March 2025 Board of Review Dates and Times are reflected

on the Assessment Notice (page 1)

1. Email-March Board of Review petition can be submitted by email to MBOR@detroitmi.gov

2. In Person-Visit the Coleman A. Young Municipal Center, Detroit Taxpayer Service Center

Suite 105, Monday-Friday 8:00 a.m.- 4:30 p.m.

3.

Mail-Send completed March Board of Review petition (Form 618-L-4035) to: Board of

Review, Attn: March Board of Review, 2 Woodward Avenue, Suite 804, Detroit, MI 48226.

The envelope must be received by March 10 2025, 4:30p.m. EST. A drop box is also

located outside the Woodward entrance of the Coleman A. Young Municipal Center to

drop off your appeal without entering the building.

4. If an agent is filing the appeal on behalf of the property owner, the authorization to act as

the agent must be received prior to scheduling a March Board of Review hearing.

There are two required meetings of the March Board of Review. The Board of Review will not hear appeals

or make changes to the roll until its second meeting on the second Monday in March. The first session of the

March Board of Review must start no earlier than 9 a.m. and no later than 3 p.m. The Board of Review must

meet for a minimum of 6 hours that day. The Board of Review must meet a total of at least 12 hours during

that first week and at least 3 hours of the required sessions must be after 6 p.m.

You may schedule an appointment to speak with an appraiser at (313) 224-3035. Appointments are available

Monday through Friday from 9 a.m. to 4:30 p.m. and Saturday from 9 a.m. to 1 p.m. only. You may email Christen

Talifer at AsktheAssessor@detroitmi.gov for specific questions; but not to use this email address to file an appeal.

March 2025 Board of Review Hearing Procedure

March Board of Review Hearings are required to be in person. MCL 211.30 states that a non-resident

taxpayer may file a protest in writing and is not required to make a personal appearance. March

Board of Review Hearings are conducted in person or available virtually via Zoom. Cameras must

be on if appearing virtually. You will have a limited time to make your presentation, so provide your

documentation in advance of the meeting.

A March Board of Review hearing can be scheduled in two ways:

1. Online- Hearings can be self-scheduled online based on availability. A hearing and submission of

documents can be done online at https://mbor.timetap.com/

2. In Person-Visit the Detroit Taxpayer Service Center Suite 130 in the Coleman A. Young Municipal

Center, 2 Woodward Avenue Monday - Thursday 8:00 a.m. - 4:30 p.m., Friday and Saturday by

appointment only. A representative will schedule your hearing while you are in the office or will

call you to set up and confirm your hearing date and time.

The March Board of Review Petition form may be obtained online at:

https://detroitmi.gov/government/boards/property-assessment-board-review, in person by visiting the

Coleman A. Young Municipal Center, Detroit Taxpayer Service Center, Suite 105, Monday-Thursday 8:00

a.m.- 4:30 p.m. You may email MBOR@detroitmi.gov to file your timely March Board of Review appeal or

for questions to the Board of Review.

The Board of Review encourages all persons to ask questions about the process and appeal their value, if they

believe it is not consistent or reflective of the current market value of their home. The Board of Review does not

determine the amount of the property tax obligation nor can change the inflation rate multiplier (consumer price

index). The March Board of Review may only determine if your assessment is fair, not how much tax you will

pay.

The Board of Review will consider any adjustments and reductions to value made at the Board of Assessors

Review. An inspection (interior, exterior or both) of the property from the Office of the Assessor would be

required to warrant a revision due to damage, error of the assessed value or incorrect property classification.

1. It is important that you provide as much accurate information about your property as possible including

photographs, estimates for repairs, sales studies, comparisons and/or any other information that you

may need to present relative to the change in assessment you are requesting prior to your hearing. The

focus of your appeal should be your property.

2. Provide supportive evidence related to sale of similar properties in your specific neighborhood and

those factors that should have been considered by the Assessor in determining the value of your

property, as noted in the section above entitled, General Information About Taxable Values Shown in

this Notice.

3. Circumstances as structural defects, fire damage, demolition, or incorrect property data. At the time of

appeal submission, photos of property structural defects, invoices, estimates, fire/demolition reports,

and property appraisals. A recent appraiser from a licensed appraiser showing the value is significantly

different would be accepted. Mortgage appraisals are usually not acceptable.

The March Board of Review can make decisions for the current year assessment roll only. The March Board of

Review does not have authority to go back in time and review or change prior year matters. Provide evidence to

support your claim.

Every person who makes a timely request, protest, or application to the March Board of Review must be notified

in writing of the Board of Review's action and information regarding the right of further appeal, not later than

the first Monday in June.

After the March Board of Review completes its review of the assessment roll, a majority of the Board of

Review members must endorsea statement that the roll is the assessment roll of the city for the year in which

it was prepared and approved by the Board of Review. The review of assessments by the March Board of

Review must be completed on or before the first Monday in April (April 7, 2025).

UNDERSTANDING YOUR PROPERTY TAXES

PROPERTY TAXES: If you own property, you owe property taxes unless your property is exempt. Property taxes

are due to the City of Detroit twice a year: Summer (August 15th due date and Winter January 15th due date) If

you don't pay your property taxes by February 28th, they are transferred from the City of Detroit to the Wayne

County Treasurer for collection and you risk losing your home to PROPERTY TAX FORECLOSURE.

ASSESSED VALUE: represent fifty percent (50%) of the market value of your property as determined by the local

assessor on December 31st of the prior year.

ASSESSED VALUE COULD CHANGE BECAUSE OF THE FOLLOWING:

1. MARKET FORCES-Supply and demand, interest rates, zoning, general economy changes, and

demographic shifts in neighborhoods for example.

2. PHYSICAL CHANGES TO STRUCTURE- Deterioration, deferred maintenance, rehabilitation, square

footage additions or reductions, fire damage, addition or removal of decks, patios, or porches

3. EXEMPTIONS AND REVOCATIONS- Poverty exemptions, Veterans exemptions, previous exempted

property, etc.

STATE EQUALIZED VALUE: One half (1/2) of your property's Market Value. The State Equalized Value represents

50% of true cash value as equalized. This is calculated by the market value multiplied by 0.5.

TAXABLE VALUE: The value used to calculate your property taxes. A property's taxable value can only increase

annually by the rate of inflation or 5%, whichever is less, unless there is an addition to the property (i.e., physical

improvement or omitted property) or the property's ownership transferred during a previous tax year. A

property's taxable value can also decrease if there is a physical loss to the property. See MCL 211.34d. Taxable

value may not be greater than the property's assessed value or state equalized value. This is calculated by the

taxable value of the property multiplied by the millage divided by 1000 multiplied by 1.01 admin fee determines

the estimated taxes. (Taxable Value x millage)/1000] * 1.01 Admin fee = estimated taxes).

MARKET VALUE: The market value of your property is the most probable price that it would bring in a

competitive and open market between a knowledgeable buyer and a willing seller, each acting in their own self-

interest.

TRUE CASH VALUE: In Michigan, the definition of true cash value is: "...the usual selling price at the place where

the property to which the term is applied shall be at the time of the assessment, being the price, which could

be obtained therefore at private sale, and not at forced or auction sale. Michigan courts have determined that

the terms "True Cash Value", "Market Value", and "Current Market Value" are synonymous with each other.

EFFECTIVE AGE: The age of a property based on its current condition as determined by an appraiser, rather

than its actual age.

THE INFLATION RATE MULTIPLIER: Inflation rate means the ratio of the general price level for the state fiscal

year ending in the calendar year immediately preceding the current year divided by the general price level for

the state fiscal year ending in the calendar year before the year immediately preceding the current year. The

calculation of the Inflation Rate Multiplier is set in statute in MCL 211.34d. It cannot be appealed at the

Assessor or March Board of Review.

PRIOR YEAR TAXES: Delinquent prior year taxes will put you at risk of losing your home to property tax

foreclosure. Learn about programs to lower interest and assist with prior year taxes at The Office of the Wayne

County Treasurer (313) 224-5990.

COUNTY MICH

SASURERIC OFF

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

WAYNE

County:

CITY OF DETROIT

Jurisdiction:

Printed on

Parcel Number:

22029729-30

98,880C

112,100A

112,100

103,700

8,400

2022

103,824C

125,100A

125,100

115,100

10,000

2023

109,015C

144,300

133,900

10,400

2024

112,394C

154,000

143,600

10,400

2025

Taxable

Value

Tribunal/

Other

Board of

Review

Assessed

Value

Building

Value

Land

Value

Year

 * Factors *

Description Frontage Depth Front Depth Rate %Adj. Reason Value

 80.00 125.00 1.0000 0.0000 0 100* 0

cgmt sq ft rates 10,018.800 Sq Ft 2.09 100 20,898

 * denotes lines that do not contribute to the total acreage calculation.

 80 Actual Front Feet, 0.23 Total Acres Total Est. Land Value = 20,898

Land Value Estimates for Land Table CGMT.COMMERCIAL GENERAL MEDIUM TRAFFIC

MAG 08/03/2015 TYL-REASSE

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

Comments/Influences

E SCHAEFER 10 & 9BUCKINGHAM PARK SUB L34

P20 PLATS, WCR 22/572 80 X 125

Tax Description

HARTWELL PROPERTIES INVESTME LLC

7511 BINGHAM

DEARBORN HEIGHTS MI 48126

Owner's Name/Address

11402 SCHAEFER

Property Address

2025 Est TCV 308,090 TCV/TFA: 40.35

WARD#: 22

P.R.E. 0% 

School: DETROIT CITY SCHOOL DISTRICT

Status

Number

Date

Building Permit(s)

Zoning: M2

Class: COMMERCIAL-IMPROV

0.0

DEED

30154:35580

21-NOT USED/OTHER

OTH

02/01/1999

0

100.0

PROPERTY TRANSFER 

03-ARM'S LENGTH

PTA

02/14/2006

43,000

NEMER, MARK M.

HALL, SETH PATTRA AND KEL

100.0

PROPERTY TRANSFER 

21-NOT USED/OTHER

PTA

10/12/2011

47,000

FAWAZ, MOHAMAD

DESERT IN ALASKA CORP

100.0

DEED

2019296834

21-NOT USED/OTHER

QC

10/21/2019

0

HARTWELL PROPERTIES INVES

FAWAZ, MOHAMAD

Prcnt.

Trans.

Verified

By

Liber

& Page

Terms of Sale

Inst.

Type

Sale

Date

Sale

Price

Grantee

Grantor

08/04/2025

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: C Quality: Average

Stories: 1 Story Height: 14 Perimeter: 361

Overall Building Height: 14

Base Rate for Upper Floors = 110.67

(10) Heating system: Complete H.V.A.C. Cost/SqFt: 37.87 100%

Adjusted Square Foot Cost for Upper Floors = 148.54

Total Floor Area: 7,636 Base Cost New of Upper Floors = 1,134,251

 Reproduction/Replacement Cost = 1,134,251

Eff.Age:25 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 60 /100/100/100/60.0

 Total Depreciated Cost = 680,551

<<<<< 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

 Reproduction/Replacement Cost = 0

Eff.Age:25 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 60 /100/100/100/60.0

 Total Depreciated Cost = 0

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

 ** ** Calculator Cost Data ** **

Quality: Average 

Heat#1: Complete H.V.A.C. 100

Heat#2: Package Heating & Cooling 0%

Ave. SqFt/Story: 7636

Ave. Perimeter: 361

Has Elevators:

 *** Basement Info ***

Area:

Perimeter:

Type:

Heat:

 * Mezzanine Info *

Area #1:

Type #1:

Area #2:

Type #2:

 * Sprinkler Info *

Area:

Type: Average

Low

Ave.

X

Above Ave.

High

Construction Cost

Comments:

Overall Bldg

Height

14

Year Built

Remodeled

1952

Depr. Table : 2%

Effective Age : 25

Physical %Good: 60

Func. %Good : 100

Economic %Good: 100

Class: C

Floor Area: 7,636

Gross Bldg Area: 7,636

Stories Above Grd: 1

Average Sty Hght : 14

Bsmnt Wall Hght 

Desc. of Bldg/Section: BLDG. 1, SEC. 1

Calculator Occupancy: Stores - Retail

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

Commercial/Industrial Building/Section 1 of 1

Printed on

Parcel Number:

22029729-30

08/04/2025

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

Parcel Number: 22029729-30, Commercial/Industrial Building 1

Printed on

08/04/2025

Parcel 

Number: 

22029729-30, 

Commercial/Industrial Building 

1 

Printed 

on 

08/04/2025 

To! 

BLDG. 1, SEC. 

1 

CLASS=C 

H=14 

1 STY-S 

7636.0 sf 

g84' 

100.7 

16.7" 

FRONT 

*** 

Information herein 

deemed reliable 

but 

not guaranteed***

Valuation Report

DB:

Detroit-25

08/04/2025

09:58 AM

 154,000 154,000 154,000 112,394 112,394 0

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

 0 9,700 0 0 3,379 0

2025 New Eq. Adjustment Loss Additions Tax Adjustment Losses

 144,300 144,300 144,300 109,015 3.10

2024 Assessed MBOR S.E.V. Base for Cap C.P.I.

Est. TCV/Total Floor Area = 40.35, Most recent sale 10/12/2011 for 47,000

2025 Est. T.C.V. 22029729-30 = 308,090

Total Estimated True Cash Value of Commercial/Industrial Buildings = 287,192

 Replacement Cost/Floor Area= 148.54 Est. TCV/Floor Area= 37.61

ECF (CGRS4-RETAIL-STORES 5000 - 9999 SQFT)0.422 => TCV of Bldg: 1 = 287,192

 Total Depreciated Cost = 0

Eff.Age:25 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 60 /100/100/100/60.0

 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 >>>>>

 Total Depreciated Cost = 680,551

Eff.Age:25 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 60 /100/100/100/60.0

 Reproduction/Replacement Cost = 1,134,251

Total Floor Area: 7,636 Base Cost New of Upper Floors = 1,134,251

Adjusted Square Foot Cost for Upper Floors = 148.54

(10) Heating system: Complete H.V.A.C. Cost/SqFt: 37.87 100%

Base Rate for Upper Floors = 110.67

Overall Building Height: 14

Stories: 1 Story Height: 14 Perimeter: 361

 Class: C Quality: Average

<<<<< Calculator Cost Computations >>>>>

Costs are taken from the Stores - Retail cost schedules.

Description of Occupancy: BLDG. 1, SEC. 1

Cost Estimates for Commercial/Industrial Building/Section: 1 Built 1952

 80 Actual Front Feet, 0.23 Total Acres Total Est. Land Value = 20,898

 * denotes lines that do not contribute to the total acreage calculation.

cgmt sq ft rates 10,018.800 Sq Ft 2.09 100 20,898

 80.00 125.00 1.0000 0.0000 0 100* 0

Description Frontage Depth Front Depth Rate %Adj. Reason Value

 * Factors *

Land Value Estimates for Land Table CGMT.COMMERCIAL GENERAL MEDIUM TRAFFIC

Map #: 22 CITY OF DETROIT , 48227 

Property Class: 201 11402 SCHAEFER 

22029729-30 2025 Est. T.C.V. HARTWELL PROPERTIES INVESTME LLC

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