2. Tax Equalizatn Bd reconvened - Laserfiche WebLink

~.Y)./J811' 2 /3 1421 55 Avenue South, Fargo Parcel Number 5080-01500 Mr. Maynard's property value increase was a result of an index applied to comparable properties for the 2004 taxable year. His current year value is $213,400. Following is a grid of the recent sales of similar properties: COMPARABLE SALES ~ Year Sale Total ~ Address Date Built ~ Baths Price $/SF 1 2429 Parkview Dr 5/04 1998 1952 2 197,900 101 2 323942 Ave S 6/03 1996 2326 2 248,300 107 3 3826 21 St S 10/03 1996 2054 2 216,800 106 4 1729 37 ~ Ave S 7/02 1992 1922 2 189,900 99 5 4815 Rose Crk Pky 8/03 1995 2414 2 238,100 99 6 3332 45th Ave SW 5/02 1998 . 2070 2 197,500 95 -- Average Price 214,800 101 SUBJECT PROPERTY Year Total Address Built Size Baths Value $/SF 1421 55 Ave S 1998 2106 2 213,400 101 I") 3,Q~ (~~ ?fj.J Mr. Maynard also submitted an appraisal dated March 20, 2003 completed by Appraisal Services Inc. The appraisal indicated a market value of$215,900 when the balance of unpaid specials are included. ASSESSMENT DEPARTMENT RECOMMENDATION Retain the current value of$213,400 on the property.