Loading...
2015HRAYERHutchinson HRA 2015 Year End Report HRA HUTCHINSON HOUSING AND REDEVELOPMENT AUTHORITY 111 Hassan Street SE Hutchinson, MN 55350 (320) 234-4251 Fax (320) 234-4240 NMLSR# 396789 www.hutchinsonhra.com Before Owner Occupied Rehab After j C Pines Foreclosure Remediation: School Construction Program 445 Adams Street SE 31- mMN Nrcrcn.psar H.eA HE25 iN9Ex 49 �"'"' f RA 2015 YEAR END REPORT Hutchinson Housing & Redevelopment Authority The Hutchinson HRA is a public body politic, formed by the Hutchinson City Council in 1969 according to MN State Statue. The HRA was created to address a shortage of housing needs for low income families and to address substandard areas in Hutchinson. Since then the HRA has been involved in building and operating Park Towers Apartments with HUD Federal funding and is a HUD High performer. In the 1990's, the Hutchinson HRA helped to redevelop the parcel that is now Prince of Peace Retirement Living. Since 1990, HRA has been involved with owner occupied rehab, rental rehab, the school construction program and affordability gap for new construction workforce housing. In 2015, the HRA was awarded $364,359 Small Cities Development Program funds for an approved $771,501 downtown area rental rehab project, and $234,000 in funds were awarded from Minnesota Housing Publicly Owned Housing Program as part of the Park Tower's $425,000 elevator project. The HRA also implemented a plan to use $300,000 of TIF available funds for owner occupied rehab projects in the City of Hutchinson. Over the past twenty-five years the HRA has obtained over $20M of federal, state or other outside funding for the housing needs in Hutchinson. Why does Housing matter? Housing matters because: • Decent, affordable housing is shown to stabilize families. For example, studies have shown that children who have stable housing do better in school • Housing Programs help improve neighborhoods and maintain property values • Housing Programs provide economic stimulus for the local economy by providing work for local contractors and businesses In 2015, the HRA worked on the following objectives: 1. Continued to maintain strong emphasis on property management, property improvements, energy conservation, and tenant services at Park Towers. 2. Supported the rehabilitation of housing stock to preserve housing stock and enhance neighborhoods. 3. Monitored foreclosures, median resales, and other housing data. 4. Completed a demolition/new construction home at 445 Adams Street by partnering with the school construction program. 5. Completed updating the HRA website. 6. Implemented Portfol, the Community Development Software Program for better housing loan tracking. Summary of 2015 Activities: Park Towers Apartments: Property improvements and energy conservation remains a priority 1. $97,525 in federal capital program funding and $167,152 in operating reserves were expended as part of the $425,000 elevator update project. Completion of both elevators is expected in February, 2016. 2015 Hutchinson HRA Year End Report 2/12/2016 Page 1 of 10 Pages 2 Other Improvements/Repairs: $110,000 was spent from operating reserves for various improvements as follows: Replaced one apartment air conditioner, replaced 101 unit locks with proximity locks and front desk programmer as well as card readers at entrances, replaced security/surveillance cameras, replaced fire alarm panel, commons areas smoke detectors and pull stations. Replaced unit carpets in eight apartments when apartments were vacated, replaced the management office carpet, replaced commons areas plumbing circulating lines, zone valves, programmable thermostats and dielectric unions. Property Management 1. Updated/prepared the following: ACOP, 2015 Schedule of Charges and 2016 Park Towers Annual Plan. 2. Achieved a HUD PHAS High Performer Score of 99 out of 100 on Park Towers operation and management. 3. Achieved a 99% average occupancy for 2015 and leased sixteen apartments. 4. Inspected all units, community areas and systems and during the unit inspection changed the toilet flappers and completed any maintenance work necessary to save time in doing the work order at a later date. Tenant Services Continued focus on providing decent, affordable housing as well as facilitating services needed by the senior and disabled population at Park Towers. A management goal at Park Towers has been to support programs and partnerships that address the needs of residents. • Park Towers continued as a Senior Dining Program Site through a lease with Lutheran Social Services. Meals are prepared at the Evergreen Senior Dining kitchen, then delivered and served at Park Towers. 5573 meals were served at Park Towers in 2015 through the Senior Dining Program. The full cost of a meal is $7.00 and the suggested donation is $4.00. • The Park Tower's 2015 budget included funding for Tenant Services to create a monthly activities calendar and newsletter. 2015 Hutchinson HRA Year End Report 2/12/2016 Page 2 of 10 Pages City Center Operations: Home Ownership MHFA has the MHFA START UP purchase loan for first time homebuyers and is featured on the HRA website. These loans have an option to obtain funding for down payment and closing costs along with a first mortgage. MHFA also offers funding through their STEP UP loans for current homeowners to purchase a new house or refinance their current house. Owner Occupied Rehabilitation In 2015, an available balance of $300,000 in city TIF housing funds was added as a flexible tool for single family owner occupied housing rehab to continue owner occupied rehab efforts throughout the city. The City Deferred Grant program and Minnesota Housing Rehab Loan Program, are "full service" programs that are HRA labor intensive, requiring home inspections, work write ups, procurement and bidding, loan closing with the owner(s), construction oversight, disbursal of loan proceeds to the contractor, and reports to the state. The Minnesota Housing Fix Up Loan Program, Community Fix Up Loan Program, City Accessibility Deferred Grant and the HRA Home Improvement Loan Program (3% interest with a monthly payment) requires that the owner submit contractor quotes and that the owner meets loan underwriting criteria to obtain home improvement loan proceeds. However, HRA inspection and construction management is not required. 1. City Deferred Grant Program Funding for this program is from SCDP Program Income (SCDP revolving/program income funds must be expended before any new allocation of funding can be requested) and from TIF funds. Homeowners receive a 0% deferred loan with no payments, forgiven after five years. The City Deferred Grant covers 50% of the repair costs. The HRA closed on four SCDP Program Income rehab loans in 2015. City Home Improvement Loans $49,648 Other leverage funds $24,585 Total $74,233 Before After 2. City Revolving Local Income Program (CRLI) Funding for this program is from SCDP Local Income. CRLI provides a 0-2% loan depending on the household income that has monthly payments. Maximum loan amount is $5,000 with a maximum term of 5 years. One project used this funding for an owner match to the City Deferred Grant. 3. HRA Home Improvement Loan Program (HILP) — No loans were closed in 2015. HILP provides a 3% loan that has monthly payments. Maximum loan amount is $20,000 with a maximum term of 10 years. 2015 Hutchinson HRA Year End Report 2/12/2016 Page 3 of 10 Pages 4. Minnesota Housing (MHFA) Rehabilitation (RLP) Program — One, $25,152 RLP loan was closed and completed in the year. The MHFA Rehabilitation Program is a 0% deferred loan forgiven after fifteen years that stresses safety, livability, and accessibility for families with very low incomes who own their homes. Before After 5. Minnesota Housing Finance (MHFA) Fix Up Loan and Communi . Fix Up Loan Home Improvement Programs — No loans were closed in 2015. Five total owner occupied properties were improved in 2015; however multiple loans may have been needed to fund the rehab project for each property. Rental Rehab Program DEED awarded the City of Hutchinson $364,359 for the City of Hutchinson Downtown Rental Rehab Program in June 2015. Unit goals are: 3 single family units, 8 units of duplexes and 24 units of 3+ unit complexes. One duplex rehab project closed in 2015. City Rental Rehab Loan/Grant $27,832 Other leverage funds $14,328 Total $42,160 2015 Foreclosure Remediation Initiative: Demolition of an abandoned, foreclosed, blighted house at 445 Adams Street occurred during the summer of 2014. New construction began in the fall of 2014 and was completed the summer of 2015, partnering with the School Construction Program. There is a purchase offer on the house with closing scheduled for early March 2016. The HRA was awarded $47,500 in value gap funds from Minnesota Housing Impact Fund for the project. The Impact Fund requires rehab or new construction according to Green Criteria, providing an end product that is more energy efficient. For example, the HRA first new construction house built according to Green Criteria, 400 Lynn Road, had a HERS rating of 55 which should translate into 45% lower utility bills than standard construction practices. The 907 Lewis Ave house had a HERS rating of 58. 445 Adams Street has an excellent HERS rating of 47, translating into 53% lower utility bills than standard construction practices. This program requires a large commitment of staff time to acquire the properties, rehab or demolish according to EPA guidelines and adhere to the requirements of the Impact Program. 2015 Hutchinson HRA Year End Report 2/12/2016 Page 4 of 10 Pages Trends: 1. Rental Housing Market Rate General Occupancy Rental The market rate general occupancy rate in the fall of 2015 was 1.85%. A 5.0% vacancy rate is considered a healthy vacancy rate to allow for turnover and consumer choice. A vacancy rate of greater than 5.0% indicates a soft demand or mismatch between supply and demand. Since 1999, the rental vacancy rate has fluctuated from 1.00% to a high of 14.9% in 2009 due to area layoffs. The Maxfield Housing Study recommends that no additional market rate general occupancy units be built until 2014 + or until the economy and unemployment rate in Hutchinson improves. Demand should increase to a level sufficient enough to support the development without adversely affecting the existing rental market (vacancy rate generally in the 2.0% range or less). Market Rate General Occupancy Vacancy Rate 14.90% 15.00% 11.50% 10.31% 10.00% 9. °° 9 0% 8.38% 7.00% 7.54% 4.60% 4.68% 5.30% 5.00% 4. 0 4 8% 2.12% 1.89%1.8 5% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Subsidized General Occupancy Rental The vacancy rate of subsidized general occupancy projects in the fall of 2015 was 3.65% Vacancies in subsidized developments should typically fall around 2.0% - 3.0%. Senior Housing The 2015 vacancy rate for market rate senior housing except for memory care was 1.64%. Prince of Peace Retirement Living is in the planning stages for development of market rate Congregate Housing at their downtown location. The 2015 vacancy rate for affordable/subsidized senior housing was 0%. Vacancies in subsidized developments should typically fall around 2.0 -3.0%. 4.00% 3.00% 2.00% 1.00% 0.00% 2015 Vacancy Rates ■ Market Rate General Occupancy ■ Subsidized General Occupancy Senior Market Rate Rental Housing ■ Senior Subsidized Renta Housing 2015 Hutchinson HRA Year End Report 2/12/2016 Page 5 of 10 Pages 2. Homeownership The median sales price rose slightly in 2015, reflecting that a stable housing market. Foreclosures declined slightly in 2015. Low interest rates and an affordable median sales price provides opportunities for buyers who have good credit and are mortgage ready. The current interest (February 2015) rate for a first time homebuyer MHFA Start Up loan for an RD or FHANA loan is 3.375%. According to information from McLeod County, in 2015 there were 356 sales in Hutchinson with a median sales price of $138,750. According to information from the Minneapolis Area Association of Realtors, looking at data for Hutchinson, the 2015 median sales price was $145,000 compared to $142,900 in 2014. There were 338 sales in 2015 compared to 310 sales in 2014. As of December 2015, there were 88 homes for sale, compared to 124 homes for sale in December 2014. The 2015 median family income for McLeod County is $73,900. Based on a household being able to afford a home priced at 2.5 times their income, not factoring in savings or debt that they may have, a household would need an income of $58,000 to afford a home priced at $145,000, the MLS 2015 median sales price of a house. 3. Housing Construction in Hutchinson 500 400 300 200 100 According to the City of Hutchinson, Planning/Zoning/Building Department, there were 20 single family homes built in 2015. There is an adequate supply of 279 residential lots available compared to 284 lots as of January 1, 2015. Residential Lots Available 397 314 314 29 199719981999 2000 20012002 2003 2004 2005 2006 2007 2008 2009 2010 20112012 2013 2014 2015 2015 Hutchinson HRA Year End Report 2/12/2016 Page 6 of 10 Pages HOME RESALES CPPY OF HUT CHINS ON 2006 through 2015 Year 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 P rire Ranne Nn- Prt_ No. Prt_ Nn- Prt_ Nn- Prt_ Nn- Prt_ Nn_ Prt_ Nn_ Prt_ Nn- Prt_ N Nn- Prt_ N n- P't Under $50,000 15 4.2% 18 5.7 29 10.2 44 15.3 30 12.4 24 11.1 9 4.2 6 2.7 5 1.8 6 1.6 $50,000 to $74,999 �6 7.3% 17 5.4 12.3 31 12.8 16 7.4 27 12.5 4.9 2.2 10 575,000 to $99,999 39 11.0% 34 10.8 36 12.7 62 21.6 46 19.0 32 14.8 36 16.7 23 10.2 17 6.1 22 5.8 $100,000 to $124,999 58 16.3% 59 18.7 17.3 52 18.1 48 19.8 38 17.6 47 2L8 W 19.0 14.0 56 14.8 5125,000 to $149,999 68 19.1°/a 68 21.5 59 20.8 41 14.3 33 13.6 38 17.6 46 21.3 34 15.0 63 22.6 67 17.7 $150,000 to $174,999 60 16.9% 51 16.1 IW9 10.2 16 5.6 22 9.1 23 10.6 20 93 -V1 22.6 59 21.1 88 23.2 S 175,000 to $199,999 27 7.6% 21 6.6 16 5.6 13 4.5 9 3.7 12 5.6 12 5.6 22 9.7 36 12.9 45 11.9 $200,000 + 63 17.7% 48 152 10.9 26 9.1 3 9.5 33 153 15.9 54 19.4 85 22.4 Total 356 100.0% 3161 100.0 284 100.0 287 100.0 242 100.01 216 100.01 216 100.01 226 100.01 279 100.01 379 100.0 Median $138,750 $133,500 $121,000 $101,400 $109,950 $121,600 $117,750 $146,750 $157,900 $158,000 Sources: Peterson -Paulsen Associates Inc. Realty Maxfield Research Inc. McLeod Coun Assessor's Office The 2015 median family income for McLeod County is $73,900. Based on a household being able to afford a home priced at 2.5 times their income, not factoring in savings or debt that they may have, a household would need an income of $58,000 to afford a home priced at $145,000, the MLS 2015 median sales price of a house. 3. Housing Construction in Hutchinson 500 400 300 200 100 According to the City of Hutchinson, Planning/Zoning/Building Department, there were 20 single family homes built in 2015. There is an adequate supply of 279 residential lots available compared to 284 lots as of January 1, 2015. Residential Lots Available 397 314 314 29 199719981999 2000 20012002 2003 2004 2005 2006 2007 2008 2009 2010 20112012 2013 2014 2015 2015 Hutchinson HRA Year End Report 2/12/2016 Page 6 of 10 Pages Number of New Dwelling Units Construction 100 93 81 73 80 58 60 40 32 19 12 23 20 20 4 7 4 5 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 The above charts are based on information from the Department of Planning, Zoning and Building 4. Foreclosure Update McLeod County and Hutchinson Foreclosure Counts 200 200 1Z 14 159 3 76 35 100 62 77 3 5 ■ McLeod County iiiiiiii0 28 ■ Hutchinson 2007 2008 2009 2010 2011 2012 2013 2014 2015 Number of Foreclosures in McLeod County and Hutchinson Year McLeod Hutchinson 2001 37 2002 43 2003 48 2004 48 14 2005 56 2006 72 2007 142 40 2008 159 42 2009 135 50 2010 200 62 2011 176 77 2012 135 45 2013 93 39 2014 75 28 2015 53 25 2015 Sheriff Sales Cancelled In Hutchinson 7 2016 Sheriff Sales Scheduled to Date In Hutchinson 6 2015 Hutchinson HRA Year End Report 2/12/2016 Page 7 of 10 Pages 2016 Predictions from local realtors: • According to the Minneapolis Area Association of Realtors, the median sales price for Hutchinson in December 2015 based on 338 closed sales was $145,000, an increase of 1.5% from $142,900 in December 2014. Currently, the number of homes for sale inventory is low and if the inventory remains low, the resale price may continue to rise in 2016. Listings are down nationwide. • There were 20 newly constructed homes built in 2015. Many of the new construction homes in 2015 were patio or twin homes in the $225,000 - $250,000 with 2016 expecting similar numbers. • The impact of the buyout of HTI on housing remains unknown, because no one knows if there will be any changes. • With rental housing vacancy rates for general occupancy below 2% why are people renting instead of buying? The decrease in home values during the years 2008 — 2011 is still fresh in peoples' minds and this is also a national trend. People want the freedom to pick up and go whenever they want, without worrying about selling a home. However, if the shortage of rentals cause rents to increase, homeownership may look more attractive in 2016. Hutchinson HRA Priorities for 2016: HRA Park Towers: • Complete the modernization of elevators at Park Towers. • Develop plans and establish funding to convert a regular unit to a handicapped accessible unit at Park Towers. • A new HUD rule called the AFFH (Affirmatively Furthering Fair Housing) Assessment Tool for Local Governments has been finalized. During 2016, the HRA will research implementation of the AFFH Assessment Tool. A new HUD rule for Section 3 will be finalized in 2016. Develop a Section 3 Policy reflecting the finalized rule. • A new HUD rule regarding Smoke Free Housing will be finalized in 2016. Determine whether the existing Smoke Free Policy at Park Towers will need to be updated. • HUD has published an advance notice of proposed rulemaking on strengthening oversight of over income tenants in Public Housing. City Center Operations, Downtown Rental Rehab Pro, -ram: • The Rental Rehab SCDP for the downtown area of Hutchinson began accepting applications in August 2015. Since then a duplex project is complete and a mixed use project with 2 upper units has applied and is in the process of obtaining bids. An HRA staff person, who has years of experience working with SCDP programs, is assigned to work primarily with this program in 2016 and has been in contact with all the owners who submitted Intents to Participate. Even though numerous applications have been given out, there seem to be a few changes since the application to DEED was submitted. There are now numerous rental properties for sale in the project area; these owners are not interested in participating in the program if they are planning to sell their rental property. Another issue is that the Utility Allowances have increased substantially decreasing the amount of rent landlords can charge. The Hutchinson HRA cannot change the utility allowances or this requirement. Finally, some owners need help financing the 30% owner match for the project. Therefore, the HRA Board has authorized using $80,000 in SCDP Local and Program Income as an owner match source with loan terms of 0% principal payments over a five year term. 2015 Hutchinson HRA Year End Report 2/12/2016 Page 8 of 10 Pages City Center Operations, Owner Occupied Rehab: • Administer the Minnesota Housing Fix- Up Loan Program. When RFP becomes available, determine whether to apply for Community Fix -Up Fund as leverage funds to the City deferred rehab program. Administer the Minnesota Housing Rehab Loan Program for owner occupied rehab. Administer the City Deferred Grant Program (TIF available funds) for owner occupied rehab. City Center Operations, Rental Development: • With a general occupancy vacancy rate of 1.85%, support the 2016 development of a general occupancy rental project, recommended by the Maxfield Research Inc. Comprehensive Housing Market Analysis for Hutchinson. • Monitor availability of potential funding sources for Housing Development and determine feasibility of projects if TIF is requested. City Center Operations: • Continue to request free radon test kits from the Minnesota Department of Health for distribution in Hutchinson. Free radon test kits are available at the Hutchinson Planning, Zoning, & Building front desk. Hutchinson is in a high radon area; radon mitigation is recommended at radon levels above 4.Opc/L. Program Changes for 2016: HRA City Center Operations, School Construction Prozram: • After a successful run since 2002, there will be no school construction project in 2016. The HRA was unable to secure a foreclosed or tax forfeited, blighted property and the High School will be re -vamping their training program in a new direction. Ten homes were constructed throughout Hutchinson and 4 homes were rehabbed during the tenure of the program. Thanks to all the High School construction class students, teachers and administration for in this very successful program. 2015 Hutchinson HRA Year End Report 2/12/2016 Page 9 of 10 Pages 2015 Hutchinson HRA Summary: 2015 Federal & State Funds Administered Park Towers: Federal Operating Funds Federal Capital Funds Operating Reserves Operating Reserves Homeowner Rehab Loans closed DEED/SCDP TIF MHFA: CFUF FUF Unsecured FUL RLP SCDP Rental Rehab Foreclosure Remediation: Construction financing/Value gap $123,302.00 $97,525.00 Elevator Project Elevator Project Park Towers Improvements $0.00 City Home Improvement Loans Other Leverage funds $0.00 $0.00 $0.00 $0.00 $25,152.00 $27,832.00 Other leverage funds $100,000.00 445 Adams Street 2015 Local Funds Administered $167,652.00 $110,000.00 $49,648.00 $24,585.00 $14,328 $72,235 Total 2014 Federal & State Funds Total 2015 Local Funds Administered $373,811.00 Administered $438,448.00 Total all Funds Administered Funds Available: SCDP City Revolving Local Income SCDP City Revolving Program Income TIF Available Balance Housing Fund Loan Balances: HRA Notes Receivable HHPOP HRA Notes Receivable Rehab City SCDP New Construction City SCDP Rehab Total Balance of City SCDP Loans Receivable 2015 Budgets Park Towers City Center Total HRA Budget $812,259.00 $116,949.73 $24,266.48 ($20,000 allocated to Rental Rehab) $300,000.00 $85,445.56 _$5,586.00 $302,450.00 $511,951.71 $814,401.71 $552,013.00 $357,772.00 $909,785.00 G: HRA/Year End Report/2015 HRA Year End Report 2015 Hutchinson HRA Year End Report 2/12/2016 Page 10 of 10 Pages Appendix A. "TIF: A Flexible Tool for Single Family Rehab Housing" EHLERS Article B. City of Hutchinson Downtown Rental Rehab Interest List C. City of Hutchinson Downtown Rental Rehab Owner Match Scenarios D. 2015 Hutchinson Year End Home Resales E. Minneapolis Area Association of Realtors Sales Information F. City of Hutchinson Vacant Lots — 2016 Map G. 2015 Hutchinson Foreclosures H. 2016 Hutchinson Foreclosures EHLERS Y,11 11 cv ys eine# r.r;, �rNtle ,x i�,'uly a' �y 1>L1r>Limy rrs�lH ri i11 eRr. NPNi 16 1Jtiii(] (.H'(NY[fSF - ---- -- --- ----- &DICAr fur:i,u p rlNwk nI ria tint" Oul : -Fvkc s To yrn+asa pmrYr lws ckiu nt 011arsk As rc1G-;. -iw,. LEADERS IN PUBLIC FINANCE E7'31Y5.r u'S'!:il�r�F�rYJ,; :Yk'; ,�}yliJ �RrS�.%■L'Kli�: rdirri$YrtL'•-A.IIy I'lr M35: TIF: A Flexible Tool for Single Family Rehab Housing By Shelly Elul iucie, Senior Municipal Advisor Fach year, the Hutchinson HRA struggles to acquire funding for the housing needs in Hutchinson. Should it prioritize single family rehab or provide much needed assistance to improve its affordable rental housing? Fortunately, this year is different. The HRA can offer deferred loans for both owner occupied and rental housing due to a new funding source: tax increment from an existing housing district. The City of Hutchinson identified an existing district where the obligations have been paid in full, leaving a balance of approximately $300,000. State statute allows authorities to use increment from an existing housing district for affordable housing elsewhere in the City, without regard to the five year rule or whether the new expenditure is within the original project area. "The increment gives us the opportunity to keep re -investing in our community," said Jean Ward, Executive Director of the HRA. "Our Small Cities grant is dedicated to rental housing, so the TIF allows us to maintain and improve our single family neighborhoods." The HRA plans to use the increment, in part, to make 0% deferred loans, forgiven after five years, to fund up to 50% of projects that will address deferred maintenance or accessibility needs of homes owned by income eligible families. In addition, the HRA may use available increment to acquire and demolish blighted houses in targeted areas. Because the income limits for tax increment are higher than other loan and grant programs, the HRA is anticipating using increment to improve "workforce" housing in the City. The HRA expects to be able to assist in up to five housing projects a year. Ehlers assisted the City and HRA by monitoring the TIF Districts and identifying opportunities to accomplish the community's goals. To kick off the loan program, Ehlers also prepared a TIF plan modification to adjust the budget and identify the target area as potential sites for property acquisition. "The new TIF Loan program falls into a continuum of loan programs we have for different kinds of property and different income levels. It complements our overall efforts and is easy to administer because the loans are forgiven after five years," said Andy Reid, Finance Director. Contact your Ehlers Municipal Advisor to learn more about a debt study for your community. City of Hutchinson Downtown Rental Rehab Interest List Property Address Owner Units Comments 1 815-817 Main Street S Steve & Beth Gasser Duplex 2 Under Construction 2 106 Second Avenue SW Rod Manderscheid AA 2 out to bid 3 245 Monroe Street SE George Schaust SF 1 Working on application 4 345 Jefferson Street SE Westwind Prop. Man. (Colonial) Bldg 8 Working on application 5 18 Main Street South Julie Elder AA 1 Working on application 6 6 Main Street N Mark Dawson AA 4 Needs aroof Maybe: Total Units 18 35 Goal * 628 Main Street South Gerald Heintz Duplex 2 Working on application * 536 Main Street SW Robert Sandstede & Janet Valen SF-4plex 4 Withdrawn atter HQS insp. because of added costs, but maybe interested in OM Prog. * 105 2nd Avenue SW HH & L Properties - Manther AA 7 Currently for sae & don't want to put in any money. 405 Franklin Street SW? Stix & Brix - Scott Duplex 2 Looking for a property 3 Main Street N Stix & Brix - Scott AA 2 Determining if has a good 226 Franklin Street SW Stix & Brix - Scott Duplex 2 Questions on City Rental Questitnso n City Ren 406 Hassan Street SE Stix & Brix - Scott Duplex 2 Program. Meeting in Feb. 36 Jefferson Street SE Stix & Brix - Scott SF 1 2016 841 Main Street S Stix & Brix - Scott SF 1 655 Main Street S Stix & Brix - Scott SF 1 209 Hassan Street SE Robert Sandstede & Janet Valen Duplex 2 Don't need as much rehab Not eligible(NE) or not interested (NI): NE 116 Monroe Street SE Wildflower Properties LLC - Ian McDo SF 1 Rent over FMR NI 250 3rd Avenue SE Turner Properties - Daniel & Linda Bldg 6 Doesn't want federal money & not to raise rents for 5 years NE 565 Main Street S. Amy Forcier (owner occupied) Duplex 1 Over Income NE 705 Main Street S. Robert & Jennifer Grimsly SF 1 Rent over FMR NE 315 Adams Street SE Nathanial Baldry SF 1 Rent over FMR NE 145 First Ave/46 Jefferson SE Joshua Schimmel AA 1 Rent over FMR NI 415 Jefferson Street SE Michael & Connie Olson (Alexander) Bldg 11 B e t t e improvements were not worth the tax increase NE 146 Adams Street SE Kon & Diane Sorensen AA 1 Rent over FMR NE 140 Main Street N. Quade Investments LLC AA 2 In flood plain NE 146 2nd Avenue SE Roger Bluhm (owner occupied) Duplex 1 Over Income NI 126 Washington Ave. SE George Quast SF 1 Busy with other projects. NI 8 Main Street North Anthony & Katherine Prellwitz AA 2 Rents? NI 130 Main Street S. Brett Oman AA 6 Doesn't believe that the units currently need updates NE 557 Main Street S Justin Rooney SF 1 Notice of Foreclosure NI 28 Main Street N Tammy Lauer AA 4 Message left 1/29/16 NI* 14 & 16 Main Street S Jeff Haag (Kristen Haag) AA 3 Working on application? Interested: To -be Purchased 3BR * 31 Main Street N (Janousek Ca Jason B AA 1 * 325 Jefferson Tom Anderson Bldg 12 Out -side Boundry: 135 Washington Avenue W. Linda Stacy (owner occupied) Duplex 2 11 Glen Street NW Coffee Tree Investments Bldg 17 * For Sale I I 1 1 26 Units for sale City of Hutchinson Downtown Rental Rehab Owner Match Scenarios Property Address Owner # of Units Owner Match 245 Monroe Street SE George Schaust SF 1 $10,714 345 Jefferson Street SE Westwind Prop. Man. (Colonial) Bldg 8 $42,857 18 Main Street South Julie Elder AA 1 $4,286 6 Main Street N Mark Dawson AA 1 4 $17,143 14 $75,000 2015 Hutchinson Year End Home Resales PARCEL SELLER BUYER SALE PRICE DATE OF SALE 23.112.0090 US BANK DOSTAL $6,000 8/27/2015 23.143.0160 ZL ENTERPIRSES BARTCO RENTALS $9,020 5/14/2015 23.050.2080 HOLTBERG KUHLMEY $9,500 3/11/2015 23.050.5150 MEYERSON RONNGREN $25,000 5/04/2015 23.056.0240 SEC OF HOUSING KNUDSON $25,550 7/29/2015 23.050.4940 FANNIE MAE VOLKOV $26,000 6/23/2015 23.394.0010 BANK OF NEW YORK SKOOG $30,000 5/12/2015 23.050.3040 MN HOUSING SILBERNICK $32,000 5/01/2015 23.218.0130 STEELE KOTZER RENTALS $36,000 1/22/2015 23.143.0370 SEC OF HOUSING LABRAATEN $36,500 10/01/2015 23.050.0990 BANK OF NEW YORK IND SCHOOL DISTRICT $37,955 8/04/2015 23.050.0920 BAUER VMAX PROPERTIES $38,500 4/01/2015 23.050.4160 LAIDEMITT SCHERPING $40,000 7/21/2015 23.050.4200 PETERSON PETERSON $40,000 4/21/2015 23.162.0060 ROLF STARK $46,493 1/30/2015 15 4.2% 23.056.1920 BANK OF NEW YORK BURR $50,000 4/07/2015 23.130.0140 PETZEL WURZBERGER $50,000 12/04/2015 23.088.0610 SECRETARY OF HOUSIIN JARMAN $50,550 8/24/2015 23.050.3840 FANNIE MAE STIX & BRIX $51,115 9/02/2015 23.169.0190 MN HOUSING POLO $52,500 5/13/2015 23.312.0070 PREGLER TRYGG $53,000 9/03/2015 23.145.0350 BRADY STARR $53,505 12/10/2015 23.112.0860 WILSON FANNIE MAE $54,000 3/31/2015 23.088.0640 PAUL PAUL $55,000 9/02/2015 23.056.1670 JP MORGAN RECH $56,175 9/30/2015 23.061.0020 MIELKE TIFTT $56,650 7/17/2015 23.099.0060 MN HOUSING BESTUL $57,000 2/05/2015 23.084.0030 EKGERG HW HOLDING $58,400 1/23/2015 23.112.1160 HOFFMAN SPRENGER $58,900 4/14/2015 23.050.2920 WORNSON GROFF $60,000 3/31/2015 23.143.0050 TERRELL HORNICK-TERRELL $60,000 12/01/2015 23.112.0670 BOOCK JARMAN $61,000 5/01/2015 23.154.0290 BANK OF NEW YORK JACQUES $64,000 6/17/2015 23.106.0350 BREWSTER POSUSTA $65,000 2/17/2015 23.114.0080 RATH HOUK $65,000 2/20/2015 23.380.0090 BANK OF NEW YORK FIRST CLASS BUILDERS $65,399 11/02/2015 23.056.3830 ACKERMAN RUHLAND $72,500 8/19/2015 23.147.0090 ACTIVE ASESSTS HUSE & LIBOR $74,000 1/06/2015 23.102.0045 STEPHENS WARNER $74,400 12/08/2015 23.145.0690 BAH NEMITZ $74,900 7/29/2015 23.407.0010 STEVENS ELDER $74,900 2/27/2015 26 7.3% 23.218.0050 FISHER DORING $75,000 8/25/2015 23.050.1950 KOLBE RANNOW $75,500 4/28/2015 23.310.0070 WOLLER CONTRERAS $75,500 1/06/2015 23.231.0140 TOFTELY BUECHELE $77,000 6/18/2015 23.112.2010 KUECHLE BLEVINS $78,000 10/13/2015 23.112.1980 MAIERS HEIDECKER $80,000 9/15/2015 23.248.0070 MCLAIN NELSON $81,000 10/29/2015 23.001.0700 FEDERAL HOME MORTC. RUSSELL $81,500 8/25/2015 23.149.0270 SEC OF HOUSING BAYSINGER $82,100 12/17/2015 23.063.0110 SCHRAMM DEMENGE $82,500 12/15/2015 23.056.0360 AUNE KRIENKE $83,000 7/22/2015 23.192.0020 CHRISTENSEN CHRISTENSEN $83,000 7/31/2015 23.050.5280 GERTKEN BERRY $85,000 12/28/2015 23.056.1470 SCHAFFER SCHAFFER $85,000 2/04/2015 1 of 7 2015 Hutchinson Year End Home Resales 23.231.0330 HOVERSTEN FRANSEN $85,600 5/07/2015 23.255.0260 HAMANN SPRIGLER $86,000 4/08/2015 23.360.0040 SEC OF HOUSING SCHILING $86,000 2/12/2015 23.167.0020 DUESTERHOEFT BETKER $87,900 5/12/2015 23.112.1060 LOFGREN HOPP $91,382 12/31/2015 23.086.0040 ROFFEY KAPING $92,000 5/27/2015 23.124.0140 PRIBYL MCGINNIS $92,500 7/06/2015 23.143.0460 ANDERSON CORDES $92,700 8/10/2015 23.056.1490 WELLS FARGO SMITH $92,900 1/28/2015 23.231.0010 DEMEYER SCHWARZ $93,500 2/12/2015 23.050.0050 SEC OF HOUSING DALBEC $94,800 9/22/2015 23.050.3890 BENSON ORTLOFF $95,000 4/01/2015 23.050.4400 OLSON SMALLWOOD $95,000 10/29/2015 23.145.0300 SCHARA MACKEDANZ $95,000 12/08/2015 23.118.0060 MCGINNIS PLAUNT $95,650 6/10/2015 23.120.0080 WRASPIR COUBROUGH $96,000 5/12/2015 23.255.0210 MASSMANN CRONEN $96,000 6/30/2015 23.255.0200 SCHUETZ BLACK $97,000 3/06/2015 23.167.0330 ASKEW VALLACHER $98,500 4/22/2015 23.086.0050 SCHOENFELD BENJAMIN $98,900 12/17/2015 23.231.0270 RADTKE ROEPKE $98,900 11/18/2015 23.050.5370 SCHMELING ELLMAN $99,500 4/29/2015 23.143.0360 DOSTAL LARSON $99,500 5/01/2015 23.088.0150 PLATH TRETTIN $99,750 10/29/2015 23.423.0650 WALKER ARNESON $99,900 2/11/2015 39 11.0% 23.228.0025 NELSON SUKO $100,000 3/27/2015 23.050.3040 SILBERNICK BIPES $102,000 11/13/2015 23.176.0080 FISCHER KALENBERG $102,500 7/06/2015 23.165.0200 KURTH MULYCK $105,000 1/13/2015 23.362.0080 PETTIS MCMANUS $105,000 3/05/2015 23.167.0340 NOEHRING BONNIWELL $106,000 3/03/2015 23.423.0650 ARNESON BERNARD $106,000 2/11/2015 23.070.0100 STEPHENS ARTIBEE $106,900 5/27/2015 23.389.0120 JOHNSON HOUK $106,900 8/11/2015 23.082.0060 BANK OF AMERICA EXSTED $107,811 3/30/2015 23.058.0020 THODE CUMMINGS $109,000 8/17/2015 23.070.0010 LARSON BUSCHE $109,900 7/22/2015 23.146.0030 KEEHR VANCE $109,900 9/03/2015 23.255.0160 WAREING JURVELIN $109,900 8/04/2015 23.112.1910 MAYNARD KUESTER $110,000 8/31/2015 23.423.0300 ADOLPHSEN BAKKE $112,000 2/12/2015 23.094.0060 WEIDE BROESDER $112,500 1/22/2015 23.269.0080 ANDERSON ANDERSON $112,500 4/17/2015 23.056.2850 RECH CHELIN $114,000 4/14/2015 23.058.0040 PICHOTTA UNTERBURGER $114,900 6/04/2015 23.118.0140 NEPHEW SMITH $114,900 9/08/2015 23.050.5380 US BANK DOLEZAL $115,000 7/02/2015 23.278.0040 ETTEL KALENBERG $115,000 1/30/2015 23.479.0160 HERITAGE INVESTMEN SCHMIDT $115,000 6/04/2015 23.176.0080 KALENBERG BRAND $115,400 11/23/2015 23.165.0140 MIKRUT KIRCHOFF $115,900 1/29/2015 23.255.0240 COOPER NORTROM $116,000 8/25/2015 23.336.0930 MATTSFIELD LARSEN $116,000 5/22/2015 23.112.1090 RYBERG JOHNSON $117,500 9/01/2015 23.154.0570 BROWN CARLSON $118,000 9/25/2015 23.167.0270 FRANCO FINK $118,000 6/15/2015 2 of 7 2015 Hutchinson Year End Home Resales 23.145.0880 ROBBIN HAGEMAN $119,000 4/06/2015 23.145.0480 CLOUSE SCHORNACK $119,900 4/22/2015 23.154.0180 FISCHER HARBARTH $119,900 5/12/2015 23.154.0210 MACKEDANZ RASMUSSEN $119,900 9/30/2015 23.115.0010 YOUNG KOFORD $120,000 12/28/2015 23.145.0230 LUETH JUHL $120,000 1/20/2015 23.154.0500 WEBER HOECKE $120,000 7/22/2015 23.167.0300 VACEK HOPKINS $120,000 6/03/2015 23.255.0040 PICHA ANDERSON $121,000 8/24/2015 23.386.0120 LADE BEEM $122,000 7/30/2015 23.086.0030 LICKFELT NORTON $122,500 8/25/2015 23.154.0240 CZECH FOSTER $122,500 9/04/2015 23.050.3610 BRECHT PAQUET $122,750 9/30/2015 23.176.0020 POWELL SCHWARTZ $122,750 9/28/2015 23.218.0080 FELIX MULLERLEILE $122,900 11/20/2015 23.148.0080 CLARK ENSTAD $123,500 6/23/2015 23.063.0040 SMITH HEMINGSEN $123,850 5/20/2015 23.118.0040 LEONARD BLAIR $123,900 6/12/2015 23.050.2440 ROSTBERG LARSON $124,000 4/27/2015 23.150.0070 KOHLS STEVENS $124,000 3/13/2015 23.133.0180 SOUTHER O'NEAL $124,315 2/20/2015 23.112.1260 STEPHENS ELFERING $124,900 5/04/2015 23.112.1580 ROSKAMP DILLON $124,900 2/19/2015 23.126.0010 SMITH PETERMAN $124,900 8/04/2015 23.423.0550 KOEHLER NOWAK $124,900 6/29/2015 23.479.0200 HERITAGE INVESTMEN1 CARRIGAN $124,900 11/17/2015 23.479.0250 REINER DEAN $124,900 5/21/2015 58 16.3% 23.050.1430 WILDFLOWER STUBER $125,000 11/10/2015 23.101.0050 HLAVKA JOHNSON $125,000 3/27/2015 23.124.0150 PLOWMAN YERKS $125,000 10/14/2015 23.139.0240 KRUMRIE GROFF $125,000 3/09/2015 23.143.0180 HOUK SLATER $125,000 6/10/2015 23.145.0720 BENTON BERGUM $125,000 6/03/2015 23.160.0290 GOODWIN BROLL $125,000 12/17/2015 23.255.0140 BJUR GILLETT $125,000 8/25/2015 23.448.0050 MUELLERLEILE ANTONSON $125,000 9/18/2015 23.253.0090 CROW RIVER HABITAT RENVILLE $127,000 6/05/2015 23.238.0020 GARCIA CARNICOM $129,000 2/24/2015 23.167.0420 KROMMENHOEK RODEBERG $129,500 7/22/2015 23.218.0100 SCHREINER WICHMAN $129,650 1/22/2015 23.145.0440 SUESS ELLMAN $129,900 1/22/2015 23.154.0580 MCKITTRICK WENDLANDT $129,900 4/24/2015 23.386.0190 OTTERSTATTER KROMMENHOEK $129,900 7/06/2015 23.130.0210 JOHNSON FARIAS $130,000 8/21/2015 23.454.0050 NATIONSTAR MORTGAC FITZGERALD $130,000 1/22/2015 23.160.0290 BROLL SHANDS $131,000 12/17/2015 23.423.0480 MARQUARDT MURPHY $131,000 12/08/2015 23.096.0050 RADEMACHER MOLITOR $131,500 5/22/2015 23.392.0070 PETERSON LICKFELT $131,500 6/10/2015 23.423.0520 MILLER MALONE $132,000 12/22/2015 23.124.0100 KUVAAS PARKER $133,900 11/10/2015 23.176.0430 REED BECKER $134,000 7/09/2015 23.193.0010 SCHMIDT MARKWARDT $134,000 10/23/2015 23.443.0020 RAMIREZ CZECH $134,000 7/29/2015 23.154.0160 WINES IDSO $134,900 12/15/2015 23.169.0330 WENDLAND TIMM $134,900 6/24/2015 3 of 7 2015 Hutchinson Year End Home Resales 23.423.0230 YOB MARSHALL $134,900 11/03/2015 23.269.0120 FEDERAL HOME LOAN BESTUL & MCCORMICK $135,000 7/30/2015 23.296.0030 MERKINS LANDFAIR $135,000 9/30/2015 23.344.0050 KRAFT COX $135,000 2/26/2015 23.108.0100 THRALL KRUGERUD $135,500 1/22/2015 23.296.0030 TURMAN MERKINS $135,500 9/29/2015 23.056.1380 NEATON MCDONALD $136,000 10/13/2015 23.252.0040 ALBRECHT MILLER $137,000 12/03/2015 23.269.0070 KUTTNER KASTEL $137,900 5/01/2015 23.116.0030 TEUBERT RESENDEZ $138,400 11/02/2015 23.435.0180 SOUTHWEST SALES MILLIES $138,500 4/02/2015 23.453.0150 ZIMMER PLATH $139,000 9/17/2015 23.269.0060 PLOMBON PEITROBON $139,900 2/03/2015 23.423.0580 WILSON ZEULI $139,900 6/04/2015 23.088.0730 RONNEI MARCEAU $140,000 9/02/2015 23.102.0030 BERGER LINDELL $140,000 10/01/2015 23.154.0290 JACQUES CURWICK $140,000 11/02/2015 23.186.0090 NORTON BULTHUIS $140,000 8/28/2015 23.479.0140 HERITAGE INVESTMEN1 DWINNELL $140,500 7/06/2015 23.079.0020 RANNOW CGE PROPERTIES $141,000 3/05/2015 23.133.0310 LABAT OLINGER $141,000 11/24/2015 23.050.4020 TAYLOR OHARA $142,000 11/10/2015 23.112.0585 SCHAEFER DAWKINS $142,000 3/04/2015 23.162.0030 BEEM KOEHLER $142,000 6/29/2015 23.374.0030 HEPOLA LOFGREN $142,000 9/23/2015 23.118.0150 HAHN ORME $142,400 7/06/2015 23.330.0060 COTE OSTLUND $142,900 4/06/2015 23.310.0050 COLLINS PFANNSMITH $143,000 6/25/2015 23.196.0130 LUEDTKE SIFFERATH $145,000 3/20/2015 23.309.0320 RENVILLE TRACY $145,000 6/08/2015 23.154.0470 KASAL SMITH $145,900 9/08/2015 23.294.0040 JP MORGAN KRZMARZICK $145,950 6/24/2015 23.050.4420 WRIGHT HOLLATZ $147,000 5/22/2015 23.426.0040 PIKAL SCHUETZ $147,290 3/20/2015 23.174.0040 CHRISTENSON HALTER $148,000 1/22/2015 23.124.0060 JOHNSON AVERY $149,400 12/08/2015 23.169.0090 ELDER DRAPER $149,900 2/19/2015 23.396.0040 SIMMONS HILSGEN $149,900 2/24/2015 23.427.0170 MARTIN SCHREINER $149,900 1/22/2015 68 19.1% 23.063.0080 WALTRHOUSE PETERSEN $150,000 11/24/2015 23.079.0020 CGE PROPERTIES MASSMANN $150,000 6/30/2015 23.220.0030 SCHMIDT TOUTGES $150,000 7/06/2015 23.240.0070 WENDORFF BOLLIG $150,000 7/06/2015 23.244.0170 HEINTZ KRIPPNER $150,000 7/07/2015 23.468.0130 WILLERS CANO $150,000 4/01/2015 23.414.0220 FRANSEN STENDER $150,400 5/07/2015 23.056.1850 PETERSON BREITKREUTZ $152,000 7/20/2015 23.106.0320 JOHNSON SAXTON $152,000 4/06/2015 23.238.0025 MCRAITH DAVIS $153,000 4/22/2015 23.268.0020 EVENSON NORNES $153,000 10/13/2015 23.453.0460 MCMANUS WITTE $153,000 3/05/2015 23.440.0040 KIECKER BRIGGS $153,500 4/06/2015 23.306.0070 LUTHENS BOCK $153,900 8/20/2015 23.056.0970 JOECKS LLAMAS $154,000 5/08/2015 23.396.0070 VOELKER KRUMIE $154,500 9/30/2015 23.435.0150 SOUTHWEST SALES & FIELD $154,500 3/02/2015 4 of 7 2015 Hutchinson Year End Home Resales 23.435.0150 SOUTHWEST SALES & VARELAS $154,500 4/29/2015 23.001.0300 STRATMAN MALONE $154,900 7/17/2015 23.101.0080 BLAKE SOLDNER $155,000 6/15/2015 23.176.0340 LYMAN FISCHER $155,000 7/06/2015 23.294.0040 KRZMARZICK JONES $155,000 7/16/2015 23.275.0190 JOHNSON PLATHE $155,500 5/12/2015 23.442.0030 BUTLER JACOBS $155,500 3/10/2015 23.112.0800 SCHMIDT RAABE $156,045 10/23/2015 23.050.3850 LERDAL MATTHEWS $156,500 8/12/2015 23.309.0380 BITZER BERGS $157,000 7/17/2015 23.352.0060 HERRICK STACEY $158,000 7/14/2015 23.224.0020 RIDDLE LANGENBERG $158,900 9/02/2015 23.300.0090 ENGFER CRANDALL $159,000 9/15/2015 23.435.0170 SOUTHWEST SALES FAULKNER $159,000 2/06/2015 23.436.0050 HARTSUIKER OKESON $159,400 6/24/2015 23.442.0270 DALBECK NELSON $159,900 11/02/2015 23.300.0150 CARRIGAN HAGEN $160,400 4/06/2015 23.372.0230 SCHWARZ NELSON $161,000 3/19/2015 23.453.0450 SAYRE BRIESEMEISTER $161,300 8/04/2015 23.468.0040 AMUNDSON SORENSEN $161,682 8/10/2015 23.342.0080 SCHUETTE ANDERSON $162,000 11/04/2015 23.442.0140 SCHWEDLER SMITH $162,900 8/05/2015 23.414.0090 ALBRECHT MCCORMICK $163,000 7/06/2015 23.244.0250 PETERSON BROWN $163,900 11/24/2015 23.453.0330 KELTGEN OLSON $163,900 10/16/2015 23.112.1750 NIKOLAISEN CORBIN $164,600 9/28/2015 23.453.0050 HANNEMAN MRKVICKA $164,900 9/15/2015 23.115.0020 HOEFT BURCHILL $165,000 6/17/2015 23.137.0010 NELSON HEINTZ $165,000 7/02/2015 23.414.0110 JENSEN HOME SERVICE $165,000 11/25/2015 23.423.0420 MAIN SIMMONS $165,000 2/24/2015 23.427.0020 SCHWARTZ KURTH $165,000 1/13/2015 23.192.0090 ZIMMERMAN WAGNER $168,900 5/22/2015 23.423.0390 GILK WILLETT $169,500 8/17/2015 23.266.0030 BRAUER WHITE $169,900 1/06/2015 23.141.0170 ENGFER OWEN $170,000 3/05/2015 23.389.0310 FLEMING ROBINSON $170,000 3/05/2015 23.423.0390 WILLETT PIERCE $170,700 8/17/2015 23.309.0200 WITTMAN JOHNSON $172,000 9/17/2015 23.389.0310 ROBINSON KROEGER $172,000 7/06/2015 23.244.0180 WIKE THODE $173,000 8/19/2015 23.252.0020 SCHLUETER RICHARDSON $174,900 8/06/2015 23.394.0010 SKOOG LENZEN $174,900 8/12/2015 60 16.9% 23.176.0350 MCCORMICK OESTREICH $175,000 12/01/2015 23.351.0040 ANDERSON CONRAD $180,000 8/11/2015 23.162.0170 LINGBEEK GROSS $180,100 7/30/2015 23.176.0360 LOEFFLER PETERSON $181,000 6/04/2015 23.244.0150 LOTRIET DAUWALTER $182,500 7/06/2015 23.452.0060 NAUSTDAL NEUBAUER $182,990 6/17/2015 23.328.0020 REYNOLDS KARG $183,450 8/06/2015 23.118.0020 SOREGAROLI LINDEKUGEL $183,800 7/06/2015 23.380.0060 LINDER NELSON $185,000 4/01/2015 23.437.0100 KLATT HANSEN $185,000 12/31/2015 23.141.0040 PHILLIPS RANNOW $185,800 5/22/2015 23.336.0830 EDDY JOHNSON $187,000 6/04/2015 23.453.0130 HORNICK MICHEL $187,900 4/06/2015 5 of 7 2015 Hutchinson Year End Home Resales 23.112.1030 RATTER KOHLS $188,000 8/04/2015 23.056.2870 BURLEY KING $189,500 8/11/2015 23.444.0270 ELLINGSON SCHMIDT $189,900 10/16/2015 23.382.0110 HARTMAN ARGO $191,050 11/19/2015 23.352.0020 MCKIMM PLOMBON $191,500 6/02/2015 23.253.0230 CROW RIVER VEGA $192,500 9/10/2015 23.444.0230 SCHWINT TORRES $194,000 12/03/2015 23.228.0010 STEFFEL HOME SERVICE $194,250 12/03/2015 23.230.0120 SUESS DENEKE $194,900 7/06/2015 23.413.0080 KUESTER DENNIN $195,000 8/10/2015 23.451.0070 JOHNSON VANHOUTTE $195,000 11/25/2015 23.270.0070 AUGER MIELKE $196,000 1/23/2015 23.336.0810 MUENCH MCELHINNY $197,000 7/29/2015 23.428.0340 GEHLEN ETTEL $197,500 1/23/2015 27 7.6% 23.220.0050 KLOBE DIVINE HOUSE $200,000 12/29/2015 23.296.0020 RUSTAD BRANDSOY $200,000 4/09/2015 23.108.0070 CARLSON JARMAN $207,500 7/09/2015 23.428.0430 BEACH SCHUETTE $209,000 11/04/2015 23.451.0275 BETKER STIBAL $209,500 8/11/2015 23.451.0110 WENDOLEK FORST $214,000 6/16/2015 23.452.0040 SORENSEN & NAUSTDA BATEMAN $214,533 4/22/2015 23.484.0070 BETKER BUSKE $215,000 8/20/2015 23.372.0060 MAYLAND ALLISON $216,800 9/17/2015 23.472.0210 NAUSTDAL RUNKE $217,078 8/24/2015 23.466.0770 NAUSTDAL SCHRAMM $219,100 8/10/2015 23.451.0330 BETKER ZIMMERMAN $219,900 5/22/2015 23.176.0310 STRAKA HOLMGREN $221,000 10/30/2015 23.441.0030 BATEMAN WOZNEY $221,900 5/27/2015 23.451.0335 BETKER UPTON $222,500 9/08/2015 23.501.0010 WURDELL TYDLACKA $223,748 7/06/2015 23.291.0030 STEARNS LENDING LLC PLOWMAN $224,000 10/13/2015 23.420.0100 KRUMREY WESELOH $224,500 2/03/2015 23.114.0060 HAGEMAN BEGNAUD $225,000 7/06/2015 23.364.0050 JOHNSTON SMITH $225,000 4/14/2015 23.112.0830 KRAFT WILSON $226,000 7/02/2015 23.224.0060 MEYER FISCHER $227,000 5/12/2015 23.274.0030 MURPHY PLOTZ $227,500 12/08/2015 23.195.0010 YOUNG KUTTNER $229,400 6/17/2015 23.468.0170 NAUSTDAL BOEFF $230,000 4/16/2015 23.437.0130 PLATH LOWINSKE $232,000 12/31/2015 23.387.0030 STEVENSON PEAVY $233,000 2/24/2015 23.287.0040 DAGGETT HOFFMAN $235,000 10/29/2015 23.501.0020 WURDELL HEIKES $235,864 5/01/2015 23.327.0020 SUKO ELBERT $236,500 3/27/2015 23.441.0140 CHRISTIANSEN RIEKE $239,900 9/30/2015 23.327.0010 DENAULT HARMS $240,000 6/11/2015 23.482.0060 COTE HOLLE $240,000 6/24/2015 23.274.0080 HANNA SCHLUETER $241,000 8/06/2015 23.451.0340 BETKER ORT $241,371 11/10/2015 23.365.0030 SZYMANSKI BURNS $244,900 8/04/2015 23.327.0060 STROBEL KUTTER $245,000 5/22/2015 23.455.0380 METZGER LADWIG $245,000 4/06/2015 23.195.0480 STARK KARG $249,900 6/24/2015 23.439.0210 NEUBAUER HARTSUIKER $250,000 6/17/2015 23.376.0060 RISTAU ROSTBERG $252,000 3/13/2015 23.445.0190 RUTKOWSKI SUESS $253,500 12/23/2015 6 of 7 2015 Hutchinson Year End Home Resales 23.223.0120 ALBRECHT KUVAAS $253,900 11/10/2015 23.468.0050 SORENSEN & NAUSTDA TRUSTY $255,250 12/08/2015 23.157.0060 WOODSIDE HAUTH $256,000 12/30/2015 23.270.0210 GOLDSMITH SCHOOLER $258,900 2/12/2015 23.433.0040 ZIEMER RYBERG $259,000 3/06/2015 23.485.0020 BETKER KADLEC $262,900 8/17/2015 23.451.0170 LUTHENS CZECH $263,000 9/10/2015 23.371.0070 PIEHL HARTMAN $264,000 8/04/2015 23.501.0050 WURDELL BLAZINSKI $268,077 6/10/2015 23.198.0120 POWELL HOFF $275,000 12/03/2015 23.445.0140 HOWELL SCHAEFER $275,900 2/24/2015 23.056.2810 HOFFMAN JOHNSON $305,000 1/15/2015 23.262.0040 MAHER SCHWEDLER $317,500 7/06/2015 23.271.0050 YOST GOETZ $317,900 1/23/2015 23.418.0060 KNORR CHRISTENSEN $320,000 3/05/2015 23.326.0010 MATTHEWS MCCORMICK $325,000 9/08/2015 23.428.0210 COMPTON-ANDERSON PERRAULT $352,076 12/08/2015 23.451.0480 BETKER BROWN $353,900 2/24/2015 23.267.0010 OJHA SCHROEDER $375,000 6/24/2015 23.002.1575 WILSON ANDERSON $429,000 8/11/2015 23.428.0190 BERG SOLIEN $432,500 8/04/2015 63 17.7% 356 100.0% Median $138,750 Average $146,611 7 of 7 Jean Ward Homes for Sale 130 120 110 100 90 [ward (U)-ci. h utch i n son. m n. us Hutc:ninson MINNEAPOLI5 AREA Association REALTORS"' so 1-2013 1-2014 1-2015 1-2016 2utchirs;. - Each data point is 12 months of activity. Data is from February 11, 2016. Data from NorthstarMLS. Report provided by!V1AAR ®. Data deemed reliable, but not guaranteed. Powered by 10K Research and Marketing. Jean Ward Median Sales Price $150K $140K $130K $120K $110K Iward a2d. hutch in son.mn.us Hutchinson MINNEAPOLIS AREA Association of REALTORSg $100K -2;12 1-2013 1-2014 1-2015 D e—G 20 16;— $140K S Each data point is 12 months of activity. Data is from January B. 2016. Data from NvnhstarMLS. Report provided by MAAR 8. Data deemed reliable, but not guaranteed. Powered by 1 O Research and Marketing. Jean Ward Average Sales Price $1i0K $160K $150K $140K $130K $120K jward(a7ci. hutchinson.mn.us — Htjtchinscn MINNEAPOLIS AREA Association REALTO RS6 $110K 1-2012 1-2013 1-2014 1-2015 Hutchinson Each data point is 12 months of activity. Data is trom January 6, 2016. Data from Norlhstan\IL5. Report provided by MAAR ®. Data deemed reliable, but not guaranteed. Powered by 1 CK Research and Marketing. r♦ , Fairway Esta sAd i g ♦♦ -—--——---- — 1 M- i FF4�H -_. on 0 Ed I�� -. - edition EEHA/ P��mm bdivisi on Ad 1-JM���® Stearnswood Additio fflmfflffifflpR� Westrid e res Additi 9 Ridg Additi n �n gewa er Esta s ii ion 1 mm m View JtsAddition - - - nwood Ell 1 , Ravenw d west dihoq' t�- ottk ourtAd ition _. ret Add {Soi u<idge Addi n n Southwind Ad ion` City of Hutchinson Vacant Lots -2016 N cltyllmlts WE s Vac -lots -Jan -2016 <all other values> New Additions Vacant Lots - January, 2016 Addition Zoning Year Avaiability Fairway Estates Add' tion R -1 -PD 1999 14 Lots Park Meadows Addison R-3 2005 7Lots Br d ge wate r Estates Ad or ti o n R-1 2000 28 Lots Island Vi ew He' ghts Additi on R -2 -PD 2004 13 Lots Rave nwoodW tAdd-ton R-2 2005 7Lots Su mm e rs etAd d't on R -2,R-3 2005 110 Lots Southw ndAddition, lst and 2nd R-2 2003 10 Lots SouthforkAdotj on R -3 -PD 2004 49 Lots KottkeC rtReoatto RverPonte%r as R -2 -PD 2008 10 Lots Westroge Shores Addison R-1 1995 1Lots Santel Addition R -3 -PD 1993 9Lots StearnwoodAdd-tion R-1 2004 5Lots Ravenwood R-3 1999 2Lots Hunte Rdg Addition R-2 2004 1Lots Frasers d"' nAddltion R-2 2005 1Lots Exce I si or Addition R-2 2007 5Lots He l lands Sixth Additi on R-2 1984 4Lots Other Msc R-2 Unknown 3Lots Totall 279 Lots Disclaimer The end user of this information agrees that these data and map sets have been created from information provided by various government and private sources at different moments in time and at various levels of accuracy. They are only a graphic representation and should not be considered as positionally accurate. The data is provided "as is' with no claim made as to its accuracy or its appropriateness to its intended use of the data. It is the responsibility of the end user to be aware of the data's limitations and to utilize the data in an appropriate manner and the end user agrees to hold The City of Hutchinson harmless for claims arising out of this exchange of information. Therefore under no circumstances shall the City of Hutchinson be held responsible for any costs, expenses, damages or injuries, including special or incidental or consequential damages to any person(s) or property that arises from the use, or misuse of the information provided. 2015 Hutchinson Foreclosures 2015 # SS Date Address Mortgagor Mortgagee Orig. Mortgage Claimed Amount Sold Amt 1 1/6/2015 1125 13th Avenue NW Douglas Woelfel Stearns Lending Inc. $175,920.00 $180,726.21 $192,160.57 2 1/6/2015 756 Ivy Lane SE Lucas & Amanda Gustafson Wells Fargo Bank, NA $119,800.00 $128,146.07 $84,550.00 3 1/6/2015 580 Peterson Circle NE Jolene Ellsworth Nationstar Mortgage LLC $240,000.00 $101,230.11 $73,000.00 4 1/7/2015 446 Erie Street SE Stephan Voelkel US Bank National Association $101,500.00 $118,920.23 $121,477.46 5 1/14/2015 542 Adams Street SE Waltraud Heldt JP Morgan Chase Bank $75,162.00 $87,644.86 $87,950.78 6 1/21/2015 902 Hassan Street SE Jean & Harold Ostrom Wells Fargo Bank, NA $155,500.00 $170,194.81 $173,955.94 7 2/5/2015 1000 Goebel Street SW Mark & Clarissa Thompson CitiMortgage Inc. $159,493.00 $151,532.25 $83,600.00 8 2/5/2015 567 Lynn Road SW Darell Lange Security Bank & Trust Co. $10,000.00 $6,179.11 $7,853.41 9 3/11/2015 938 7th Avenue NW Cheryl & Nassor Salim Federal National Mrtg Assoc. $124,000.00 $118,976.00 $120,179.81 10 3/11/2015 820 Spruce Street NE David & Cindy Wimmer Bank of America $126,529.00 $133,799.00 $96,000.00 11 3/19/2015 700 California St. NW Francisca Mendoza MHFA $94,000.00 $101,374.63 $84,150.00 12 4/8/2015 535 4th Avenue SW Gary Dullinger JP Morgan Chase Bank $107,500.00 $104,284.29 $52,720.00 13 4/8/2015 425 Hassan Street SE Holly Newman Wells Fargo Bank, NA $59,473.00 $54,055.88 $54,000.00 14 5/6/2015 966 Lewis Avenue SW Bradley & Kim Horstmann Federal National Mrtg Assoc. $103,000.00 $121,116.87 $82,800.00 15 6/18/2015 426 Huron Street SE Randall & Edith Carlson US Bank Trust National Associ $201,003.04 $227,792.77 $85,484.59 16 7/30/2015 317 Stoney Point Rd SW Thomas & Yvette Fischer Home State Bank $127,250.00 $132,995.33 $136,919.43 17 8/12/2015 643 5th Avenue SW Charles Gilbertson Bank of America $138,380.00 $126,908.83 $90,250.00 18 8/27/2015 1055 Jorgenson St. SE Gary Gustafson Freedom Mortgage Corp. $149,598.00 $151,998.88 $119,070.00 19 9/3/2015 17 5th Avenue NW Jennifer & Gordon Evenson Green Tree Servicing LLC $140,000.00 $151,646.19 $102,600.00 20 9/10/2015 1058 Jefferson St. SE Cheryl & Tom Moore Wells Fargo Bank, NA $92,700.00 $91,973.98 $72,000.00 21 9/23/2015 982 Jefferson Street SE Curtis & Tressa Hughes Wells Fargo Bank, NA $90,000.00 $72,842.72 $75,719.10 22 10/22/2015 110 Oakland Avenue SE Benita & Larry Quast US Bank National Association $150,300.00 $193,818.44 $200,256.05 23 10/28/2015 705 Dale Street SW Vincent Haag US Bank National Association $142,373.00 $142,129.25 $138,700.00 24 11/5/2015 617 Bluff Street NE Jon & Riana Mross MHFA $126,000.00 $147,632.81 $154,613.83 25 11/12/2015 7 - 9th Avenue NE Andrew Bonderman US Bank National Association $111,700.00 $119,074.28 $93,500.00 Cancelled: 1 1/20/2015 825 Ivy Lane SE Anthony Forcier Wells Fargo Bank, NA $79,150.00 $80,316.54 2 7/15/2015 338 4th Avenue SW Carola Laidemitt PNC Bank, NA $82,400.00 $68,375.19 3 9/10/2015 614 3rd Avenue SW Dennis & Barbara Wedge US Bank National Association $154,000.00 $209,248.77 4 9/16/2015 1027 Prairie View Dr. SW Shalee Miller MHFA $69,690.00 $54,636.40 5 10/20/2015 38 McLeod Avenue NE christohper, Denise & Joyce Schramm Wells Fargo Bank, NA $143,350.00 $186,835.24 6 12/16/2015 1263 Denver Avenue SE Luana Issendorf Green Tree Servicing LLC $214,000.00 $218,423.28 7 12/16/2015 585 Juul Road SW Thomas & Rebecca Hudson Wells Fargo Bank, NA $76,587.00 $74,501.95 2016 Hutchinson Foreclosures 2016 # SS Date Address Mortgagor Mortgagee Orig. Mortgage Claimed Amount Sold Amt 1 1/19/2016 45 Northwoods Ave. NE Kent & Renee Glessing Nationstar Mortgage LLC $153,980.00 $146,714.50 2 1/20/2016 1020 West Shore Dr. SW David & Betty Croghan JP Morgan Chase Bank $204,676.00 $219,363.17 3 1/27/2016 585 Glen Street SW Jason & Elizabeth Slepica Wells Fargo Bank, NA $130,159.00 $126,160.57 4 2/10/2016 305 Adams Street SE David Whiting E*Trade $82,600.00 $60,296.12 5 3/2/2016 924 Keith Street SW Gloria Rueckert Wells Fargo Bank, NA $145,166.00 $137,605.13 6 3/8/2016 545 Hassan Street SE Brittany Eckstein US Bank National Association $87,720.00 $84,802.05 Cancelled 1/26/2016 557 Main Street S. Justin Rooney CitiMortgage Inc. $128,150.00 $113,944.62 2/11/2016 615 Merrill Street SW Darlene & Chris Johnson JP Morgan Chase Bank $135,950.00 $142,718.50 Cancelled multi times