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City staff presents two‑option appraisal for Orville Jackson House; council to schedule workshop
Summary
A city appraisal finds the historic Orville Jackson House has an as‑is market value of about $660,813, a fully renovated market value near $975,000 (with estimated renovations of $314,188), and a third option that splits the parcel — staff recommended a workshop to review a 122‑page appraisal report.
City staff briefed the council on April 14 about the Orville Jackson House appraisal and preservation options. Staff presented two principal scenarios: (1) keep the property fully deed‑restricted for historic preservation, in which the appraiser estimated a fully renovated market price around $975,000 but noted renovation costs (per a historic house report) of about $314,188; after subtracting renovation costs the appraiser’s "as‑renovated" net was lower and the appraised as‑is market value without new renovations was listed at roughly $660,813. (2) split the 0.81‑acre parcel so the house sits on roughly 0.5 acres with the 0.31‑acre portion rezoned for retail or central business use and sold alongside the house; comparables suggest the split parcel could add about $337,590 in value and the package could approach the same top market figure in some scenarios.
"Market value conclusion completely renovated is 975,000," staff reported in the presentation quoting the appraiser's conclusion and walked the council through the renovation estimate line items, contingency and entrepreneurial incentive allowances. Staff noted some items on the historic report had already been completed (roof, HVAC) and that some historic‑report costs may be high; staff recommended caution on the renovation totals.
Several council members recommended holding a special workshop to review the full appraisal and the 122‑page supporting documentation before any formal decisions are made. Staff agreed to schedule a workshop and to solicit further input from a local realtor and others as requested by council.
No formal action was taken at the council meeting; staff said they will arrange the workshop to allow deeper review of cost assumptions, legal deed restrictions and possible reuse or sale strategies.
