PID 118-121-007040 Christoffersen, SharonSharon Christoffersen
10426 Kadler Ave NE
Otsego, MN 55362
April 10, 2023
RE: Property ID Number 118-121-007040
I am the property owner at this residence. This letter is to formally appeal the Taxable Market Value
(TMV) amount on the 2024 Valuation Notice, 2023 Values for taxes payable in 2024, that I received in
the mail. This is the 2023 assessment for taxes payable in 2024.
Please include this item on the agenda for the April 24, 2023, Otsego City Hall local board of appeal as I
will not be able to attend the meeting.
I received a spreadsheet from Michael (Mike) Vanderlinden on April 6, 2023, that lists 3 separate houses
with adjustments, two houses being new luxury homes double the size of mine, 6 car garage, and pool.
My house is not comparable to any of these houses even with the adjustments in the spreadsheet. (See
attachments.)
After speaking with Mike on April 10, 2023, he stated that I need to send him an email saying that I
would like to appeal. He said that he would bring this appeal in my behalf to the April 24, 2023, Otsego
City Hall meeting.
I understand that the Sales Study was based on a time period during a world-wide pandemic where
people were panicking, escaping urban cities and moving to rural areas which consequently artificially
overinflated land and home values. Since then, prices have normalized in the Otsego area.
My property is not worth the Taxable Market Value from the 2024 Valuation notice based on the
following:
-Square footage of house 1940
-Age of house 1994
-2.5 car garage
-500 square foot basement (1/2 basement) unfinished
-2.5 bath, only 1 shower
-Dirt driveway
-No updates inside except for painting and replacing broken appliances
Sincerely, ( 1
Sharon L. Christoffersen
(attachments)
Exhibit A: Michael Vanderlinden spreadsheet and home comparisons.
Exhibit B: Other home comps around the Sales Study period.
Exhibit C: Current home values.
EXHIBIT A:
From Mike's spreadsheet:
Comp #1
14348 9611 St NE Otsego MN 55330
4 BD, 313A, 2, 079 sq. ft. sold on 6/17/22 $455,000 2 acres built 1961
Comp #2 - Not Comparable
9050 100t' St NE Otsego MN 55362
4131D, 46A, 3,500 sq. ft. 2.74-acre lot, 6 car garage, last sold 2022 790K
Comp #3 - Not comparable
■
5131D, 313A, 4,601 sq. ft. 1 acre lot, built 2015, last sold 2022 1.1M
EXHIBIT B: Home values around sales study period.
Estimates for Comparable Properties:
10173 James Ave NE, Otsego MN 55362
This property sold for $565,000 on 6/24/22. The home is a new luxury home in a luxury neighborhood
on the river. 4BR, 313A, build in 2019, over 1 acre lot, 2, 823 sq. ft. Current estimate is 546,000. This
home is 25 years newer, with current construction, materials and styling.
10070 Kahler Ave NE, Otsego MN 55362
This property sold for 425,000 on 10/2/2020. 4131D, 413A, 1,666 sq. ft., build 1994, riverfront. This home is
fairly comparable to mine.
313 Riverview Dr, Monticello MN 55362
This home last sold 4/23/2021 for 431,000. Rambler, 3BD, 3BA, 1.5-acre lot, 3 car garage, riverfront.
309 Riverview Dr, Monticello MN 55362
This home last sold for $350,000 on 8/31/2022, older home, riverfront.
8004 102"d St NE, Monticello MN 55362
Last sold 12/5/2021 for $470,000. 461D, 213A, 2,379 sq. ft., 1975, 1.71 acres, riverfront.
807 W River St, Monticello MN 55362
This home sold on 7/29/2021 for $490,000. 561D, 313A, 3,369 sq. ft., built 1989,32 acres.
1101 W River St, Monticello MN 55362
This home sold on 5/5/2022 for $540,000. 461D, 3BA, 3,547 sq. ft., 1955, .58 acre.
EXHIBIT C: Current home values in neighborhood.
Current Values:
1976 riverfront
3 lid : 3 .ba ; 2,464 sgft
9942 Kahler Ave NE, Otsego, MN 55362
Sold: $434,400 Sold on 12/31 /20 Zestimate R': $497,500
New luxury home 2019, riverfront.
4 lid ', 3 ba 1 2,823 sgft
10173 fames Ave NE, Otsego, MN 55362
Sold: $565,000 Sold on 06I24/22 ' Zestimate$546,400
2001 riverfront
3 bd . 3 ba 2,756 scift
`10113 ]arnes Ct NE, Otsego, MN 55362
Sold: $5,69,000 1 Sold on03/23/22 Zestimate`:$584,100
5 bd . 5 Era 3,805 scIft
10147james Ave NE, Otsego, MN 55362
Sold: $515,000 Sold on 04114/20 i Zestirnatefr": $628,400
My House, both Zillow, Trulia and Redfin say current value is approx. 468K
3 bd 3 ba 1,940 sqft
10426 Kadler Ave NE, Otsego, MIN 55362
Off market . Zestimatel: $468,100
3 bd [j ba 1 1,900 sqft
10050 Kahler Ave NE, Otsego, MN 55362
�o Off market . Zestimatetl: $425,000 ,
3 bd 2 ba 1,344 Sqft
10084 Kahler Ave NE, Otsego, MN 55362
o off market Zest i rna te'E): $384,300
Year built 2021, 1.77 acres, riverfront, new luxury home with current materials and styling.
3 bd 3 ba 2,544 sq ft
10112 Kahler Ave NE, Otsego, MN 55362.
Off mqKket Zestitnate':'�'; None 7 R,
2022 assessed: $533,000 -
Built 1986, .89 acre
3 bd 2 ba 1,664 sgft
10180 Kahler Ave N E, Otsego, MN 55362
Off market ' Zestimate': $390,400 F
Built in 2013, riverfront.
3 bd , 2.5 ba. J 2,247 sqft
10240 Kahler Ave NE, Otsego, MN 55362
v OffmarketZestihiate--- $504,600 1
4 bd 3 ba 2,900 sqft
10274 Kahler Ave NE, Otsego, MN 5536�
Off market zestirnate`�: $475,100
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5 bd —2 ba 1,568 scift
10300 Kahler Aye NE, Otsego, MN 5536;
a Off market Zesth-nate`:-
$429,000