Loading...
31 PERKINS STREET 41119rMAP NO. LOT NO. PROPERTY RECORD - CITY OF SALEM (WARD& PRECINCT) CARD NO. MEMORANDA s RECORD OF OWNERSHIP PHOTO DATE BOOK PAGE 034 0185 31 PERK INS STREET — --_-_ 0.- NUMBER /1,,,a`�,7 /2 _/o iy �_' (LEVY NEAL MARTIN - (LEVY JAY EDWARD 06099 . i(.9•, 21 OBER ST 0113_ BEVERLY MASS 74 SAC. S.F. 4748 VALUE 1100 BLDG 14000 L -p VERIFICATION OF INSPECTION C' Or /(! r -7--9NF i ASSESSMENT RECORD 1975 19 19 19 19 19 19 19 19 19 _.- APPEAL DATA DWELLING GARAGE A Granted ppeal Denied SWIM POOL Value Land APARTMENTS Change Building CONDO COMM OR IND TOTAL VALUE BUILDINGS TOTAL VALUE LAND TOTAL VALUE LAND &BUILDINGS _ CONSTRUCTION Size Area Class Age Remod. Cond. Repl. Value o Ps. Phys. Value DeP. Sound Value 11 14 15 18 19 22 23 25 26 29 30 31 32 37 38 39 40 45 46 47 48 53 PHOTOGRAPH . d_iiie:;7" G'--- 2?©o (6' •&..) _ •)_f_ 4'b1, y G O. s;_ 0 - V g o S .c,�J.�,i, PERMIT COMP. DATE Total LAND VALUE COMPUTATIONS Square Unit Unit Square Ft. corner Total Depr.% Value 3 Footage 6 7 10 11 Price 14 15 % 17 18 Price 23 24 25 26 32 33 34 35 41 RENTAL EXPENSE ITEMS _ PROPERTY INFORMATION VACANCY 20 0 LAND COST HEATING /4/:J;1 BLDG. COST WATER /9O SALE PRICE ' ELECTRICITY ,/,'J GROSS ANNUAL INCOME /z&/ JANITOR _ LESS EXPENSES 41 3 (0 _ _ MANAGEMENT` 70 (J NET INCOME �' „l >i 7 _ _ -415 33 LAND //g7is @ /- %= 42-52 LAND RECORD Total Value Land 474 I. - f 7i2 0 BLDG. @ %= Sewer No Street E High I Water CiD Dirt Street F Low j Total Value Buildings i Gas Paved .G-' Level •K TOTAL FLAT EXPENSES #4/3 t✓ TOTAL Total Value Land and Buildings Elec. No Sidewalk H BUILDING RECORD WHIPPLE,MAGANE AND DARCY CONTROL No. 7MEASURED BY ` I ?DATE���� LISTED BY I DATE�` %j SEMI MOD KIT -/_ Sc/, '/ 77.. / • BLOCK 75 LOT 80 417 MOD BATH ,./-Z. EXEMPT BLOCK LOT CLASS SEMI MOD BATH Z.-3 - I x 1 I I U „�I I .'J I / ',,r�I� ( C '�, ■ I y I T STORE FRONT 3-¢ - !, COMPUTATIONS 6 7 11 12 16 17 20 FIRE PROOF CONST ✓,-g— NO. AREA UNIT TOTAL SERIAL NUMBER DAT BUILT SHEET OF MILL CONST Y_d3 5' NO. OTY COST II I I I / I I Z ICJ I / I REINF CONC BEAMS&COLS .5.?.''.:,C-d- ie.s• .T�' K 21 16 27 32 34 'p� )t i o STEEL FRAME � �' S.Su 1 J y 3 sip,"' 1i yl -f.�%!`.70'f� /O3 ! 5U STEEL BEAM&i'CO LS �l .vlp, jj Y / p EXTERIOR WALL VARIATIONS �- �% ✓11) DESIGN STEEL TRUSSES SW 6 S VI/ RANCH 1. Common Brick V/F 5. Face Brick V/M STEEL OR BAR JOIST a PUS f '� 2. Face Brick V/F 6. Cut Stone V/M TIMBER BEAMS BeFA�S S ADDITIONS OR DEDUCTIONS SPLIT LEVEL or BY LEVEL 5`�/r /L. 7/ V 3. Cut Stone V/F 7. Perna Stone WOOD TRUSSES �� pU (� COLONIAL 4. Common Brick V/M SPRINKLERS'45 I�S I� -7- /G s 4) CAPE COD PASS ELEV ✓/ TYPE STORIES LINEAL FEET DAB O CONDO i • I u' 1 FREIGHTELEV IfCONVENTIONAL 35 36 37 38 40 1$ MODERN FINISHED ATTIC OR SECOND FLOOR FLOORS -5 ,, .v� RAISED RANCH B 1 2 3 4Z7 SINGLE FAMILY Cement QCO 4- ,, Sxio Hardwood 7777 FAM. FLAT Fin.Area 43 I I I 146 Pine �'p s: N 3 1#14f- FAM, DUPLEX Fin.Attic% 47 I I 150 0 Single FI. 2.' ' FAM. CONV. Unfinished %Story% 51 I I I 153 Asph.Tile — �� COMM. DORMERS use,<7 o-+-, Wr**fi'L re.,/` ,a/ Q APARTMENTS r/ Wood Joist _ �Yaiy ,crv-+• �%�.ry? ,/ LO•-• O TOTAL No.of Fam. (50) NUMBER SIZE NUMBER SIZE Reinf. Conc. & 2, rc,4*�-' .' p /.P INDUSTRIAL r e ' •7.*-e 6� a n y F Si, '--+-S i- /� 7..•7- i FOUNDATION 54 55 56 57 58 59 60 61 �^' "�' ""� Y> ' CONCRETE BASEMENT AREA / CEMENT BLOCK Rec.Room%I • I I L I I I W I I I SALE 27$ I I A� bI 010133 OVERALL DIMENSIONS BASEMENT BRICK 62 63 64 65 66 67 680 DATE 36�f,� 39 � 2STORIES IWIDTH LENGTH' AREA FULL- /o STONE / No Concrete Floor 0 69 `-�� LIIJ I II I I I I I 1 • I I 40 41 42 43 44 45 46 49TOTAL ��� 7 CAP I M P R O V $I I I I I I I 169 1 50 52 ROOFING F/A— Dry Wall 0 2 Plaster CI ■ I I I I I I I I I I I 1 • I I COST CONVERSION 1 DATE 62 I I I I 165 2 3 4 5 6 7 8 11 12 14 FACTOR /`d 62 ASPHALT,ASBESTOS Air Cond. 0 4 Percent I ■ I I I • I I I I I I I I I I I I 1 ■ I I REPLACEMENT WOOD SHINGLES 5 6 7 VALUE .f•?2a f/� BATH ROOMS 27 28 29 30 31 32 33 36 37 39 SLATE I _ I I I I I I I I I 1 • I I PHYSICAL DEP. �L FIXTURES NO. FLOOR WAINS BOTH L_� L_ 1�J 1 TAR &GRAVEL / I 'I 10 I 1 2 3 40 41 42 43 44 45 46 49 50 52 VALUE 6-2a V COMPOSITION 8 9 (10) BUILT IN PORCH PATIOS FUNCTIONAL OR c:2 0 SHED DORMER U � Type Width Length Area ECON.OBS.LF I 1 2 3 TYPE STORIES WIDTH LENGTH AREA ' PICTURE DORMER LF 11 12 (13) E O G (53) W III I I I I I I I 1 2 CEMENT 2 3 4 5 6 U W IL. I�I I.7 18 19 I _ EXTERIOR WALL TYPE L_J I._._) 1 2 3 54 55 56 57 58 59 60 61 62 A. FRAME WITH WOOD, 14 15 (16) 30THER Li L I I I I I I I I I ASBESTOS,STUCCO, 1--- FIREPLACES WIDTH LENGTH AREA 10 11 12 13 14 15 16 17 SUMMARY OF APPRAISED VALUE ALUM,SIDING (19) 1 1 ON 1 u 2ON 1 Li BUILT IN GARAGE I I I I I I I I I I BAY WINDOWS NO.I I I STORIES L I 1 18 19 20 21 22 24 25-26 27-28— PRINCIPAL BLDG- 4_,/ of D o B. CONCRETE BLOCK BSMT (No.of Cars) 1 0 2 0 3 0 25 PORCHES MISCELLANEOUS ADDS OR DEDUCTS APPRAISAL $ ON TILE-STUCCO ON CODE DOLLAR AMOUNT OTHER PRINCIPAL r HEATING 26 ROOMS B 1 2 3 ¢ TYPE STORIES WIDTH L1EN'GTH AREA BLDGS.APPRAISAL $ BLOCK OR TILE (19) I 0 ❑NONE Living 2 yry E 0 G (33) I I I L__i__I Li] I I I I 43 I I I 145 46I I I I 149 ACCESSORY BLDGS. C. BRICK OR STONE 34 35 36 37 38 39 40 42 r 1 ❑FORCEDHOTAIR Dining _ E 0 G (50) 1 I I I I 1 1 I 1 1 I I 1 60I I I I62 631. I _ I I 166 APPRAISAL $ VENEER (19) 1 2 ❑STEAM 1 PIPE Bed ,� r j; 51 52 53 54 55 56 57 59 TOTAL BLDG. E 0 G (2) Ll___I I�J �J I I I I 12I I I 114 151 I I I 118 APPRAISAL $ s la 4..-) 0. D.SOLID BRICK err % 3 OFLOOR OR WALL Kitchen ;: 1:. 2, TOTAL LAND 3 4 5 6 7 8 9 11 �� S�'APJ'6- (19) Rec. Rm. - — - 4 ❑CeilingRadiantElec. Width ATTACHED GARAGE Finish Physical Depr. 191 I 120 APPRAISAL p j OTHER - Apts. - 1 Over $ Ja L/7U C.)5 0 Baseboard Electric 23 I I 124 251 I 126 271 I I 129 U30 Economic Obs. 211 I I22 6 ❑Floor Radiant Elec. Office ' TOTAL APPRAISED J l/ 7 ❑Floor Radiant Hot Stores 1 Other Accessory Bldgs 3I I I I I I I VALUE $ / "7 Water - 8 Water -Pipeless 9 ❑ Steam 2 Pipe Total Land Value 421 (1 ,4I II I /I L. I 148 i,d6e /d7 • /a,"od 41/ , MAP y LOT /cRsw APPLICATION FOR REVIEW OF REAL ESTATE ASSESSMENT Address of Property ! /� !PK!N5. .. . . .............. • Owner on January 1, 197 4 0Y/S /? G,{1,u.rzo5 . Year Land was Purchased /2 Amount Paid Year Land and Bldgs. Purchased /7 T y Amount Paid . 72..4...c2Q - c? Approximate Age of House 674) yERE.S • Original Cost, if Known • Approximate Age of Other Bldgs. Original Cost, if Known Give the approximate cost of any other improvements or alterations not included above: Year Installed Cost Details of Improvements Do the costs given above include the value of all labor and materials necessary to complete the construction? If not, please explain Were the buildings constructed by a contractor or by the owner? The total Fire Insurance coverage on the buildings is .Z. .rJ.ce.®....0..o • Tot:=1 rentals received per Mont] A The present Mortgage on the property is •V7;70 If you were to sell the property at the present time, what would you expect the Sale Price to be? List any other factors that you wish to be considered ...iE'or., .....R Pi4!TS �, / e9.D ,,t?,eQ/it/T.......RE S Signed Date .[� .Z,�.�a �G' ��,,. ...tc� /t 7 y RECOM• i INTV NO. MENDATIONS NC CM ; REV INSP INS SY REV. BY NC I CM / - 1 f _ /?ATE isd.o� �t',� /000,0, /� VF page 107 /el().O6 THE VALUE FORMULA Applicable to 3-Family (or over) buildings and other Income Property. STEP 1 : to find the ANNUAL WORKING INCOME (the AWI) Enter the Gross Yearly Rents here $ j -700 r,/2c2 Enter total yearly taxes and utilities supplied here (see* note) $ J o`, DEDUCT tax and utility total from Gross Rents, Balance is ANNUAL WORKING INCOME enter here $ /3 /a " .(lc, STEP 2: List above-normal expenses; fuel; loss factors. Enter any annual mortgage interest above 6% here $ Enter any janitor cost above 7% of the ANNUAL WORKING INCOME (AWI) here $ If Wood Exterior, - - enter 10% of the ANNUAL WORKING INCOME here $ If building is reached by a hillclimb enter 7% of Annual Working Income here $ DEDUCTION FOR LOCATION: For Excellent location 0% of AWI For Good location 5% of AWI For Fair location 10'0 of AWI . 71.�� For Poor location _ 5% of AW For Very Poor or Slum - - - -50'o of AWI IF HEATEDbyOWNER, enter ANNUAL FUEL BILL HERE - - $ 3 /L.:0 "^() If building contains 4th floor walkups enter 20% of the 4th floor rents here If building contains 5th floor walkups enter 30% of the 5th floor rents here $ STEP 3: ADD ALL ITEMS IN STEP 2 and enter total here $ 7,2 3 ?. oa STEP 4: SUBTRACT from ANNUAL WORKING INCOME. Balance is PRIMARY ADJUSTED INCOME. Enter here $ r ? 7. 00 = _ = Part II of The Value Formula = = _ • ADDITION OF EXTRA-PROFIT ITEMS AND FACTORS enter PRIMARY ADJUSTED INCOME FIGURE HERE $ j 67 DG STEP 5: List all extra-profit items and factors: List any mortgage interest saving UNDER 6% enter annual saving here $ If parking or garages available; 1 per tenant, whether free or not; ; for parking, 5% of AWI; for garages, 8% of AWI - = - - $ 3270c1 If janitor service is NOT supplied enter 5% of ANNUAL WORKING INCOME here $ l 'y If all electric bills are paid by the tenants enter 2% of the ANNUAL WORKING INCOME HERE ^ ' STEP 6: ADD total of all items in Part II including Primary Adjusted Income. Total is FINAL ADJUSTED INCOME - - - - $ 7/ /G 06 STEP 7: MULTIPLY Final Adjusted Income by 6-2/3 (or divide by 3 and multiply by 20) Result is GROSS VALUE $ '/7/y 2 3 .7o STEP 8: Enter cost of repairs required to put property in reasonable condition here - �r�,_ E�s�.�_, _,� rc�� f2c_•"_:/)-"_ ifErrlrj - - - - $ /n 0cly. Ud STEP 9: DEDUCT cost of repairs from Gross Value. Balance is FAIR MARKET VALUE of the property $ 9 7i /-2/y3 ,7i *note in computing Tax-and-utility deduction: where furnishings are supplied with apartments, include here the annual cost of replacing furniture and furnishings. Copyright 1960 Lee Institute Order these forms direct from Realforms, P.O. Box 1, Brookline 46, Mass. Form No. 107 VF I ' SSE-c���c i,/T 73, �o�� , o V F page 10 7 THE VALUE FORMULA Applicable to 3-Family (or over) buildings and other Income Property. STEP 1: to find the ANNUAL WORKING INCOME (the AWI) Enter the Gross Yearly Rents here $ ).9 Enter total yearly taxes and utilities supplied here (see* note) $ 5 DEDUCT tax and utility total from Gross Rents, Balance is ANNUAL WORKING INCOME enter here $ /2 (Y ()() STEP 2: List above-normal expenses; fuel; loss factors. Enter any annual mortgage interest above 6% here $ Enter any janitor cost above 7% of the ANNUAL WORKING INCOME (AWI) here $ If Wood Exterior, - - enter 10% of the ANNUAL WORKING INCOME here $ If building is reached by a hillclimb enter 7% of Annual Working Income here $ DEDUCTION FOR LOCATION: For Excellent location 0% of AWI For Good location 5% of AWI For Fair location 1 O% 3 ) 7 0 For Poor location 5% of AWI For Very Poor or Slum - - - -50 o o I IF HEATEDbyOWNER, enter ANNUAL FUEL BILL HERE - - $ 3 / 6.el.-, If building contains 4th floor walkups enter 20% of the 4th floor rents here $ c If building contains 5th floor walkups enter 30% of the 5th floor rents here $ STEP 3: ADD ALL ITEMS IN STEP 2 and enter total here $ ' / 4 2 '0° STEP 4: SUBTRACT from ANNUAL WORKING INCOME. Balance is PRIMARY ADJUSTED INCOME. Enter here $ ,5 a = _ = Part II of The Value Formula = = = ADDITION OF EXTRA-PROFIT ITEMS AND FACTORS enter PRIMARY ADJUSTED INCOME FIGURE HERE $ `-a/ STEP 5: List all extra-profit items and factors: List any mortgage interest saving UNDER 6% enter annual saving here $ If parking or garages available; 1 per tenant, whether free or not; for parking, 5% of AWI; for garages, 8% of AWI $ :- (,0.„(., If janitor service is NOT supplied enter 5% of ANNUAL WORKING INCOME here $ Kon. If all electric bills are paid by the tenants enter 2% of the ANNUAL WORKING INCOME HERE $ ,�yn. Oo STEP 6: ADD total of all items in Part II including Primary Adjusted Income. Total is FINAL ADJUSTED INCOME - - - - $(,fir / �n STEP 7: MULTIPLY Final Adjusted Income by 6-2/3 (or divide by 3 and multiply by 20) Result is GROSS VALUE $ -5/// `. 0 OCT STEP 8: Enter cost of repairs required to put property in reasonable condition here - r?CPA/S`_ - -/-76V1 -R512/Zk`f" - - - $ /O OJT r STEP 9: DEDUCT cost of repairs from Gross Value. Balance is FAIR MARKET VALUE of the property $ 3/ /O.06 *note in computing Tax-and-utility deduction: where furnishings are supplied with apartments, include here the annual cost of replacing furniture and furnishings. Copyright 1960 Lee Institute n_a Purchase Price 72,000 .00 Income projected 16,424.00 Actual income 15 , 675 .00 oil 3 , 130 .00 electric 100 .00 water 200 .00 insurance 540 .00 taxes 2 , 295 .00 1974 6, 265 .00 1st mort. 49, 342 .00 int . plus prin.= 418 .42= 5 ,021 .04 2nd mort. 18,441 .00 int . plud prin.= 247 . 98= 2)975 .76 7, 996 . 80 6, 265 .00 14, 261 .70 cleaning and rent collection 5% repairs and maintenance 5% 1,500 .00 15, 761 .70 total expenses expenses 15 ,761 .70 income 15, 675 .00 86.00 cash loss add repairs for roof and lead paint, not known at time 10,000 .00 This is on an assesment of 15, 100 .00 At an estimated tax rate new tax bill would be 3, 670 .00 this new rate is figured at 50 .00 per 1 ,000 .00 This new bill would be an increase of 1 , 375 .00 or nearly 40% In order to maintain same cash loss, I would have to increase rents by 3 . 31 per week The assesment has gone from 15, 100 .00 to 73,400 .00, an increase of nearly five times the old value. The projected increase as I understood it would be closer to three times . Potential Buyers position. Sale price 50, 000 .00 Downpayment 10/ 5,000 .00 To be financed 45,000 .00 1st mortage 70% 35,000 .00 2nd mortage 10,000 .00 1st mort 20 yrs . 10% =337 .76 i+p 4,053 . 12 2nd mort 10 yrs 10% =132 . 16 i+p 1 ,585 . 92 insurance 540 .00 oil 3, 130 .00 electric 100 .00 water 200 .00 taxes 3, 670 .00 repairs, collection, 1 ,500 .00 14,783 .00 total expenses expeenses 11, 0Q :88 917 .00 cash profit This does not include repairs that must be made ; new roof and lead paint repairs estimated at over 10,000 .00 Regarding 31 Perkins Street. This property is in a poor area, perhaps the worst section of Salem. It is four stories with no elevators, it is an eight famly with parking' for at most five cars . Is this worth consideration. Have you or a member of the assesment team been in the building? Have you been in the individual apartments, in the celler, in the hallway, or on the roof? I would expect for a valid assesment an examination of this sort. I do not think the survey was conducted in this manner . Therefore, I would like to familiarize you with some of the particulars of this property. First, the building needs a new roof, second, there is a lead paint case pending against the property( a fact which was not known at the time of the sale, and certainly would have affected the transaction) . This 'case could result in a finding which would require me to strip and repaint not only the individual apartments, but also the common areas inside and out. My painter has estimated that a project of this magnitude would result in a cost of over ten thousand dollars. If the project, after a finding against was not undertaken and completed within a reasonable amount of time, then the building would be faced with the possobility of being condemmed by the state. Should such a factor be considered in the worth of a property? I think it should. With a new tax assesment added to the already increasing costs it becomes more and more difficult to so much as break even on this property. The people that live on Perkins Street are lower income families . Half the families that live on 31 Perkins Street recieve some sort of aid. Besides questioning a rent increase on moral grounds, the state and federal government set limits on what they allot to these people for rent expense. Even if I raised the rent they probably could not afford to pay it. I am being forced into a situation where I must take a larger and larger loss . This in turn allows me less for repairs and mainteance. As a result the property will fall into greater disrepair . This situation of course is not unique to me , it is a problem that all property owners in this area face. We can look forward to more abandoned buildings, more bank takeovers, and a general downslide of the area. Perhaps with more assesment projects like this we can achieve full slum status . . Certainly, new assesments are in order, but an increase in value of nearly five times the old worth; or an increase in taxes of nearly forty per cent is to much for any land owner to absorb . How was the assesment achieved, these are questions I raise out of my own ignorance on the subject. Are standards applied to Chestnut Street in the same way that they are applied to Perkins Street? What about the consideration of land use, For exampll, choice waterfront property. Are characteristics of the city considered? Is the nature of certain areas evaluated, does the assesment team consider high crime areas in its report. These are questions I raise not only in response to my assesment but to the entire project. One last point I would like to raise pertains to "What would my property sell for within a reasonable period of time in today, s real est-ate market in Salem" . Given its present status the property on Perkins Street could not be sold within a reasonable period of time. It is highly unlikely that a buyer would be interested in a property that is in need of a new roof or that has a state action pending against it. I think that the salebility of 31 Perkins Street is seriously in question at this time. How does this affect its value? /T///r)/'7 . 31 Perkins Street - Salem, Mass . INCOME YEARLY Apartment # 1 $ 40 .00 Weekly $ 2 .080 .00 2 40 .00 Weekly 2 .080 .00 3 86 .50 Semi-Mo. 2 .076 .00 4 40 .00 Weekly 2 .080 .00 5 86.50 Semi-Mo. 2 .076 .00 6 40 .00 Weekly 2 .080 .00 7 39 .00 Weekly 2 .028 .00 8 37 .00 Weekly 1 .924.00 Total yearly income $ 16 .424.00 Projected $ 15 .675 .00 Actual 0 v � CS )R eaI 'fy TRUS ` 15 Lo 1A/2, Avg Salem, M ass uu , 5 P e 7'171)5 te r REVALUATION PROGRAM CONFIDENTIAL INFORMATION Please Return to the Assessor' s Office Town Hall Salem, Massachusetts 01970 Map J' ¢ Plot /"X Property Ad res s 3 / �pvf is /e a/7 ' TRU5 Lod/s iaf- -Owne r - vir�r�r`.r.%c��r l�7■i�nx.s. 1. (a) Year property purchased 1973 Purchase Price 7,,f Q 0 0 (b) Year building was erected ( yg Q (c) Original Cost if known (d) Did contract include complete price , Including con- tractor's profit and overhead and architect ' s fees? if not , please explain. (e) Did you subcontract the construction? 2. Give year, cost and brief description of all major additions or alterations to property. 3. Rental Data (a) First Floor Unit Type of Occupancy- Year Lease : Year Present Gross (Office , Apartment , Negotiated or Lease !Monthly Mo. Store or Other) Tenant at Will iExpired Rent Rent First Occupied =1. s 9. ` s C. 4 1 5 3. Rental Data (Continued ) Floor Type of Occupancy- Gross Rent Services Furnished (Office, Apartment, Per Month Tenent Store or Other ) Show V if Vacant (b) 2 i ! l it, LI- j 7 .Pc )4c. - \Aa I /P- 2 .5ii,,-2 .4?,f/t / (° LI' o° ,- / / 2.4t4 .,2 4 4,,,,,... ------y„-fra‘ / 6 0, ��; 5 ,zr,6 � 73 � 5 1 /� r 7 1 /.56-o O cr (c ) 3 /S /. (,, /, 2 5 '. (d ) 4 I 2 1 ` 1 4 5 (e ) 5 1 -2 _3_- --._- , If.Operating Expense Last Three Years Heat ! lie), L/- 9 O 1972 I 1971_ ._.�__197Q-----. Electricity /74, £s 6 �a l Water / die', 'fa _ - -- —--- Janitor _ Insurance(Pro Rata Annual) S-33, o s 9? ) ', Maintenance A p.oa- __ 1 Management �- --i-- 2SyQ3 Other Expense �"Ine-i4 N2('o 4� D @ 7 //'�Oo R�, /o yg, Other Expense One,* +PaN feeby ,�. 8�5.76.yiT 5- yRs Other Expense 17k TR(61'_ ___. 795 ct, l z yR5 L,v.co Am-frti vv 674,4,f- 3'46,3 4 y v.+-+d v /S, 3g0 , o "I e5 „„e-- /s. a9R. 26 02 ? 7 7 I r 1 5. Does the lease contain a tax clause or any other clause that reimburse owner any or part of operating expenses? If there is a tax clause, please state the base year of said clause and the amount over base year that the tenant pays . Please list any other clauses that reimburse owner any part of operating expenses. 6. If owner occupied, please state gross amount of sales for the following years. 1970 1971 1972 6A Nature of business 7. Actual gross income from property: 1970 1971 1972 8. Any other factors affecting the value of the Property: 9. At present there is a physical appraisal being made of the property under the equalization survey now in progress . The above information requested is to determine economic factors affecting t; 'iaiue of the property normally considered in commercial proper- ties . This information is for the use of the Assessor ' s Office and the Appraisal Concern only and shall be retained by the Assessor ' s in a confidential file. It shall not be placed with other records and data available for public inspection at any time without the written consent of the property owner Date Signe '� FLe '� /r 7_3