SUN Sailor Editions Hopkins/Minnetonka

Sailor Beer, books Beating odds An independent bookstore that also serves craft beer could open on Mainstreet as soon as June. A Hopkins senior, paralyzed from the neck down, doesn’t let tragedy stop her from success. Page 23 Page 13 HOPKINS / MINNETONKA Minnetonka boys win state hockey tourney for the fi rst time Thursday, March 15, 2018 Market values on the rise in Minnetonka Condos, townhouses, apartments had most growth By SABINA BADOLA (PHOTOS BY MARK TROCKMAN - TROCKSTOCK.COM) Members of the Class AA state championship boys’ hockey team pose on the ice at Xcel Energy Center March 10 after claiming the program’s fi rst title by way of a 5-2 win over Duluth East. See story on page 16. Minnetonka High boys hockey captain Andrew Hicks celebrates the Skippers’ 5-2 win over Duluth East March 10 at Xcel Energy Center. Volume 48, No. 12 Index Opinion-Page 4 Public Safety-Page 7 Calendar-Page 8 Business-Page 13 Sports-Pages 15-18 Classifieds-Pages 20-22 Education-Page 23 Sun Newspapers | 10917 Valley View Road Eden Prairie, MN 55344 @MNSunSailor PUBLIC NOTICES: See page 18 The Minnetonka City Council reviewed the 2018 property assess- ment report at its March 5 meeting. The city’s total estimated market value of $9.71 billion, up 7.1 per- cent from last year, is the highest ever. “This is fi ve continuous years of growth,” said City Assessor Colin Schmidt. “The 2018 total … is a new high for the city, eclipsing the previous high of $9.06 billion last year in 2017.” Minnetonka has typi- cally experienced steady growth in market value since the early 1990s. Approximately 70 per- cent of the total market value comes from resi- dential properties, while the remaining 30 percent comes from commercial, industrial and apartment properties. “All property classes saw value increases,” said Schmidt. Minnetonka’s increase in market value was slightly above the average increase of 5.7 percent in nearby cities. In a list of comparable communities shown at the presentation, only St. Louis Park came in with a higher market value increase of 9 per- cent. Residential properties Condominiums, town- houses and apartments experienced the biggest rise in market value with increases of 10.2 percent, 9.7 percent and 9.3 per- cent, respectively. Mayor Brad Wiersum attributed it to the city’s aging baby boomer popu- lation. “The properties that increased in value most were townhomes and con- dominiums that require less labor to maintain and are attractive to an aging population … I expect that trend to continue for a while,” Wiersum said. The market value of single-family homes and lakeshore properties in- creased by 7.7 percent and 6.4 percent, respectively. Median home value in 2018 is $359,800. Last year, the median value was $332,800. “The residential market had a very strong year … With 563 sales, this is the second year in a row with an all-time high for sales activity,” said Schmidt. The majority of homes (43 percent) sold for between $350,001 and $600,000. Thirty-two percent of homes sold for between $250,001 and $350,000. Fourteen percent of homes See Market , Page 5