Orange County NC Website
Docusign Envelope ID: B5858B14-F04A-4D5A-8564-5E2A3DAAE086 <br /> Property Identification: <br /> Property Owner Todd Atlas Appellant if different <br /> Property Address 4608 Timberly Drive Parcel ID or Abstract 19890572651 <br /> Statement of Appeal: Request change in value based on comparable sales. <br /> Current Assessed Value $1,571,100 County Opinion $1,246,500 <br /> Time of Hearin 1:32 PM Appellant Opinion $1,025,000 <br /> County Representative Louise Benson- Board Decision $1,246,500 <br /> Lochner <br /> Evidence submitted by the appellant: <br /> • Appellant provided a 13-page document(document can be found in Spatialest). Detailed <br /> information in the document pertains to: <br /> 1.Actual construction costs vs. assessed valuations <br /> 2.Notations of 3 comps <br /> 3. Tennis court costs <br /> 4.Accessory bath house information&costs <br /> 5. Elevator information&costs <br /> Evidence submitted by the county representative: <br /> • On July 10,2024 a site visit to the property was completed by Orange County Appraiser, <br /> Louise Lochner and Real Property Appraisal Manager,Roger Gunn. The taxpayer,Todd Atlas, <br /> was present. The interior and exterior of the home was viewed. <br /> • It was determined the home has 5 full bathrooms. This is a correction from 4 baths. <br /> • Mr. Atlas provided 3 comparable sales for review. Two of these sales were inappropriate due <br /> to the age of homes. They were built in the 1960's. The remaining sale at 7108 Kobold Lane <br /> (9890677140) is a valid competing property due to age and construction style. The grade <br /> established for the competing home is A+20,while the grade for the subject home was A+45. <br /> A fair and equitable grade of the subject home was determined to be A+20 based on the <br /> comparable. <br /> • The homeowner provided information concerning construction costs of the additional features <br /> of the property. Upon review of all the amenities it was determined to adjust the grade of the <br /> amenities from `A' to `C'. This was due to the amenities being of average quality with no <br /> additional accoutrements such as lighting and specialized finishes. <br /> • The tennis pavilion was reviewed. The Special Features section of the property record card <br /> outline the specifics. Included are the `Bath House' which has a half-bath plus shower,the `Stg <br /> Bldg' for storage, a concrete patio area, and a `Porch' graded as `A' due to including a sink and <br /> small refrigerator. These components total an assessed value of the pavilion of$16,200. <br /> • The Tennis Court has 50%depreciation applied. The taxpayer conveyed the court has <br /> imperfections due to the material utilized on the concrete. It is unknown to the taxpayer if the <br /> court can be repaired or refinished. <br /> • Current PIN card for subject. <br /> • Revised PIN card for subject. <br /> • PIN card for taxpayer comp. <br />