LEE COUNTY PROPERTY APPRAISER GENERATED ON 12/4/2024 9:18 PM Current Working Values
SITE ADDRESS
1529/1531 HENDRY ST
OWNER'S NAME
VICTORY 5 LLC
OWNER'S ADDRESS
37735 ENTERPRISE CT STE 600
FARMINGTON HILLS MI 48331
PROPERTY DESCRIPTION
SIMMONS SUBD.
PB 1 PG 9
DESC IN OR 903 PG 92

DOR CODE 17 - OFFICE, ONE STORY
NBHD CODE
55-205.9
DOWNTOWN AREA REDEV
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 15 CONCRETE BLOCK
EXTERIOR WALL 17 CB STUCCO
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 4 BUILD UP TAR AND G
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 14 CARPET
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 4 ROOF TOP
QUALITY 3.0000 AVERAGE
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1951 3,699 100 3,699   *
CANOPY 1951 96 30 29   *
FINISHED OPEN PORCH 1951 318 30 95   *
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 4,113 3,823 0
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 PVMT C PAVEMENT - CONCRETE 42.00 24.00 1008.00 5.51 1.00 L 1951 1.00 0.60 - *
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 0
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1700 1STORY OFF U-CTR 0 0 1.00 1.00 0 45.00 4,216.00 SF 1.00 - RB
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 189,720
FOLIO ID: 10162482 STRAP: 13-44-24-P4-01400.0040
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.28 145.94 186.80 3,823 714,136 60% 428,482
IMP TYPE 49 - Offices - Low Rise MODEL 5 - OFFICE/MEDICAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2022000159635 5/10/2022 01 01 I 1,150,000
2021000304688 9/1/2021 01 01 I 860,000
2009000114294 4/21/2009 01 01 I 525,000
 
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE * *
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE * 189,720
COST APPROACH VALUE * *
INCOME APPROACH VALUE 805,356 805,356
SALES APPROACH VALUE * *
MARKET VALUE * 805,356
* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.