Commercial assessment (decrease), estimated 24 Month ratio on 5 sales: 2019, 50.68% $(446,645)
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1 Glen Arbor Township Assessing Officers Report - January 2019 Sales Summary 2018: The sales summary reports presented in this document contain estimates intended to facilitate discussion of market trends. Sale & assessment detail is available at the township website with: the BS&A software link, the sale & assessment map, record cards & valuations statements. This document does not replace sales study Forms L 4015 and L Below is the assessor s year to date estimate of the 24 month sales ratio study. The 24 month study is not final until it is issued by the County Equalization Department on December 2 nd. Residential assessment increase (decrease), estimated future & actual prior years: 2019, 47.28% $33,685,612, 2018, 50.31% $( 7,202,553), new end date of the 24 month sales study = 3/31; 2017, 47.65% $27,638,367, old end date of the 24 month sales study = 9/30; 2016, 48.39% $18,167,334; 2015, 48.11% $20,804,115; 2014, 48.76% $13,159,189; Commercial assessment (decrease), estimated 24 Month ratio on 5 sales: 2019, 50.68% $(446,645) Permits: New Permits Issued 2018: 85 Building, 37 Land Use Construction In Progress includes: 13 residential additions/alterations/repair, 4 commercial alterations, 2 Garage, 9 single family dwellings. Administration: March Board of Review meets March 13 th, Wednesday 3pm to 9pm & March 14 th, Thursday 10am 4pm March Board of Review organizational meeting meets Tuesday March 5 th at 1pm Michigan Department of Treasury Bulletin No.15 of 2018, Inflation Rate Multiplier is 2.4% Michigan Department of Treasury Bulletin No.9 of 2018, Certified Prevailing Institutional Lending Rates of Interest for the Period June 2018, expressed as Percentages: Residential 5.05, Commercial 4.91, Agricultural 5.14 Tim Cairns, MAAO(3) & Polly Cairns MMAO(4), Assessors Page 1 of 1
2 Glen Arbor Township sales summary 2018 *see BSA datalink and sales map for details pnum saledate propstreet saleprice style floorarea yearbuilt liberpage instr /14/ W NORTHWOOD DR 2,750,000 1 STORY 3, P56 WD /15/ WEST SHR 2,600,000 2 STORY 3, P783 WD /30/2018 W HARBOR HWY 1,895,000 vacant P485 WD /30/ W GLEN EDEN DR 1,600,000 1 STORY 1, P161 WD /28/ VANTAGE PT 1,200, STORY 2, P908 WD /8/ W DAY FOREST RD 1,125,000 1 STORY 1, P896 WD /2/ VANTAGE PT 980, STORY 2, P263 WD /2/ EAST SHR 899,000 1 STORY 2, P606 WD /30/ S DUNE HWY 850,000 1 STORY 2, P577 WD /3/ W DAY FOREST RD 826,750 1 STORY 1, P736 FD /4/ S GLEN LAKE RD 820, STORY 2, PTA PTA /28/ VANTAGE PT 805,000 CONDOMINIUM 1, P876 WD /31/ SOUTH BEACH 800,000 CONDOMINIUM 2, P458 WD /28/ W DAY FOREST RD 755,255 1 STORY 1, P477 WD /28/ S GLEN LAKE RD 753, STORY 1, P205 WD /9/ CRYSTAL BEND 733, STORY 3, P873 WD /27/ FROG POND 731, STORY 2, P316 WD /30/ LOGGERS RUN SUBDIVISION 730, STORY 3, P423 WD /9/ W DAY FOREST RD 725, STORY 1, P674 WD /2/ S LAKE ST 700,000 1 STORY 1, P236 WD /14/ PINE TRACE 577, STORY 3, P575 WD /21/ PINE TRACE 570, STORY 2, P764 WD /6/ W LAKE WOOD DR 570,000 LOG 3, P969 WD /9/ BEACH WALK ,000 CONDOMINIUM 1, P349 WD /30/ SAND PIPER 542,250 CONDOMINIUM 1, P474 WD /28/ SKIPPERS WOODS SUB 539, STORY 3, P914 CD /1/ BEACH WALK 7 535,000 CONDOMINIUM 1, P1 WD /21/ W LAKE WOOD DR 525, STORY 2, P756 WD /27/ SUN DANCE 500,000 CONDOMINIUM 1, P518 WD /31/ TWISTED OAK 480, STORY 2, P74 WD /28/ S MANITOU BLVD 475,000 TRI LEVEL 2, P868 WD /9/ W HARBOR HWY 450,000 2 STORY 1, P380 WD /5/ GREAT LKS 450,000 CONDOMINIUM 1, P460 WD /6/ SOUTH BEACH 430,000 CONDOMINIUM 1, P394 WD /5/ SOUTH BEACH 430,000 CONDOMINIUM 1, P538 WD /5/ SKIPPERS WOODS SUB 430, STORY 2, P854 WD /31/ S MANITOU BLVD 415, STORY 1, P218 WD /29/ S LAKE ST D 400,000 CONDOMINIUM 1, P902 WD /7/ W CHENEY WOODS TRL 400, STORY 1, P128 WD /13/ S LAKE ST D 395,000 CONDOMINIUM 1, P875 WD /17/ LOGGERS RUN SUBDIVISION 380, STORY 1, P333 WD /29/ S GLEN LAKE VIEW DR 359,000 1 STORY 1, P42 WD /26/2018 W DAY FOREST RD 350,000 vacant P589 WD /3/ W HARBOR HWY 348,000 1 STORY 2, P709 WD /2/ RIDGE TOP 345,000 CONDOMINIUM 1, P200 WD /25/ RIDGE TOP 328,000 CONDOMINIUM 1, P316 WD /16/ W WESTERN AVE 325,000 Commercial P647 WD /19/2018 W CHENEY WOODS TRL 300,000 vacant P96 WD /19/2018 W CHENEY WOODS TRL 300,000 MultiplePIN P96 WD /19/ W CHENEY WOODS TRL 300,000 MultiplePIN P96 WD /19/2018 W CHENEY WOODS TRL 300,000 MultiplePIN P96 WD /21/ WILDERNESS 295,000 CONDOMINIUM P386 WD /20/ W STATE ST 275,000 Commercial 2, P763 WD /20/ W STATE ST 275,000 MultiplePIN 3, P763 WD /28/ SHIP WATCH 275,000 CONDOMINIUM P906 WD /5/2018 S HILL CREEK RD 265,000 vacant P611 WD /9/ GREAT LKS 250,000 CONDOMINIUM P979 WD /2/ GREAT LKS 250,000 CONDOMINIUM P772 WD summary page 1 of 2
3 Glen Arbor Township sales summary 2018 *see BSA datalink and sales map for details /10/ HAWKS NEST 233,000 CONDOMINIUM 1, PTA CD /31/ HAWKS NEST 230,000 CONDOMINIUM P578 WD /30/ SHORESIDE 215,000 CONDOMINIUM 1, P479 WD /16/ SHORESIDE 215,000 CONDOMINIUM 1, P807 WD /14/2018 S MANITOU BLVD 185,000 vacant 0 PTA PTA /2/ W TRUMBULL RD 185,000 demolish P281 WD /11/ HAWKS NEST 180,000 CONDOMINIUM P93 WD /23/ CRYSTAL BEND 179,000 vacant P409 WD /1/ S LAKE ST 4G 155,000 CONDOMINIUM 2, P690 WD /21/ S LAKE ST 4F 155,000 CONDOMINIUM 4, P890 WD /21/ S LAKE ST 4G 155,000 CONDOMINIUM 4, P890 WD /8/ BEALS HOUSE E 145,000 CONDOMINIUM 1, P80 WD /15/ W STATE ST 145,000 Commercial 1, L1324P721 WD /25/ S LAKE ST 6B 140,000 CONDOMINIUM 2, P983 WD /1/2018 W RIVER RD 139,900 vacant P478 WD /19/ S LAKE ST 6G 137,500 CONDOMINIUM 2, P893 WD /27/ FISH HOUSE 1G 137,500 CONDOMINIUM 1, P103 WD /7/ BEALS HOUSE E 137,000 CONDOMINIUM 1, P507 WD /30/ S LAKE ST 7C 135,000 CONDOMINIUM 2, P527 WD /31/ BEALS HOUSE F 135,000 CONDOMINIUM 1, P372 WD /8/ BEALS HOUSE A 135,000 CONDOMINIUM 1, P738 WD /21/ BEALS HOUSE H 127,500 CONDOMINIUM 1, P528 WD /31/ W COTTAGE CT 127,000 vacant P107 WD /21/ CRYSTAL BEND 124,656 vacant P23 WD /15/ BEALS HOUSE H 117,000 CONDOMINIUM 1, P712 WD /2/ TALL TIMBER 2 105,000 CONDOMINIUM P489 WD /16/ FROG POND 103,000 vacant P101 WD /16/ PINNACLE PL 99,000 CONDOMINIUM 1, P18 WD /19/2018 S SHERIDAN LN OFF 92,800 vacant P393 WD /9/ PINNACLE PL 90,000 CONDOMINIUM 1, P231 WD /19/ BROOK HILL D 88,000 CONDOMINIUM P718 WD /17/ PINNACLE PL 87,375 CONDOMINIUM 1, P361 WD /7/ PINNACLE PL 80,600 CONDOMINIUM 1, P362 WD /29/ PINNACLE PL 77,000 CONDOMINIUM 1, P521 WD /12/ THE INN C 69,500 CONDOMINIUM P588 WD /6/ CAMP FIREFLY 67,500 CONDOMINIUM 1, P846 WD /4/ CAMP FIREFLY 67,500 CONDOMINIUM 1, P394 WD /12/ CAMP FIREFLY 67,500 CONDOMINIUM 1, P307 WD summary page 2 of 2
4 01/14/2019 Sale Summary Report 10:58 AM County: 45- LEELANAU Unit: GLEN ARBOR TOWNSHIP Parcel Number Class Neigh Sale Date Inst. Assessed Adj. Sale Ratio Value Price /04/2019 PTA 426, , /14/2018 WD 1,248,500 2,750, V /14/2018 PTA 90, , H762 12/07/2018 WD 43,500 80, /01/2018 WD 72, , H726 11/30/2018 WD 385, , H762 11/16/2018 WD 48,200 99, H863 11/09/2018 WD 369, , /09/2018 WD 353, , H410 11/08/2018 WD 57, , H818 11/02/2018 WD 52, , /29/2018 WD 212, , V /26/2018 WD 71, , V V 10/19/2018 WD 174, , H721 10/12/2018 WD 40,200 69, /09/2018 WD 123, , H705 10/05/2018 WD 248, , H545 10/01/2018 WD 223, , H785 09/28/2018 CD 271, , H860 09/21/2018 WD 266, , H410 09/21/2018 WD 55, , /21/2018 WD 283, , /19/2018 WD 72, , H860 09/14/2018 WD 290, , /07/2018 WD 181, , /06/2018 WD 294, , H861 08/31/2018 WD 253, , H795 08/31/2018 WD 393, , /31/2018 WD 160, , V /30/2018 WD 462,900 1,895, H778 08/30/2018 WD 90, , /30/2018 WD 802,700 1,600, /30/2018 WD 72, , H762 08/29/2018 WD 37,300 77, /28/2018 WD 380, , /28/2018 WD 311, , H805 08/27/2018 WD 252, , H726 08/17/2018 WD 216, , H837 08/15/2018 WD 947,900 2,600, H705 08/09/2018 WD 139, , H549 08/06/2018 WD 32,600 67, /03/2018 WD 154, , /03/2018 FD 362, , H604 07/27/2018 WD 63, , V402 H863 07/23/2018 WD 75, , /16/2018 WD 112, , /13/2018 WD 212, , H705 07/02/2018 WD 129, , V 06/29/2018 WD 184, , H860 06/27/2018 WD 305, , /25/2018 WD 72, , H410 06/07/2018 WD 55, , H715 05/31/2018 WD 101, , H410 05/31/2018 WD 57, , H763 05/25/2018 WD 147, , H841 05/21/2018 WD 118, , H762 05/17/2018 WD 43,600 87, H715 05/11/2018 WD 68, , H410 05/08/2018 WD 57, , H549 05/04/2018 WD 32,600 67, V /01/2018 WD 62, , H765 04/30/2018 WD 259, , /20/2018 WD 216, , V402 H860 04/16/2018 WD 52, , H715 04/10/2018 CD 116, , H795 04/06/2018 WD 217, , /02/2018 WD 325, , H763 04/02/2018 WD 149, , /30/2018 WD 357, , H833 03/28/2018 WD 446,400 1,200, Page: DB: 1/2 2019Ga
5 01/14/2019 Sale Summary Report 10:58 AM County: 45- LEELANAU Unit: GLEN ARBOR TOWNSHIP Parcel Number Class Neigh Sale Date Inst. Assessed Adj. Sale Ratio Value Price H833 03/28/2018 WD 388, , H778 03/16/2018 WD 98, , /15/2018 WD 39, , H410 03/15/2018 WD 56, , H795 03/05/2018 WD 208, , H603 03/02/2018 WD 424, , /28/2018 WD 225, , H775 02/28/2018 WD 120, , H545 02/09/2018 WD 284, , /08/2018 WD 432,100 1,125, H833 02/02/2018 WD 483, , V /31/2018 WD 45, , V /19/2018 WD 54,500 92, H /19/2018 WD 38,900 88, H549 01/12/2018 WD 32,800 67, H762 01/09/2018 WD 43,800 90, V /05/2018 WD 115, , H785 01/05/2018 WD 208, , Averages: 208, , Page: DB: 2/2 2019Ga *** *** Statistics for this group (88 in sample) *** *** Statistical Mean= Median= Maximum= Minimum= *** *** Statistics about Mean *** *** Normalized Average Deviation = (Coefficient of Dispersion) Average Squared Deviation = (Variance) Square Root of Squared Deviation = (Standard Deviation) Normalized Standard Deviation = (Covariance) 2 Standard Deviation Range (Low) = (High) = *** *** Statistics about Median *** *** Normalized Average Deviation = (Coefficient of Dispersion) Average Squared Deviation = (Variance) Square Root of Squared Deviation = (Standard Deviation) Normalized Standard Deviation = (Covariance) 2 Standard Deviation Range (Low) = (High) =
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