Orange County NC Website
Docusign Envelope ID: FE66D568-1BB2-4BC0-8367-3F7885BB4A73 <br /> Property Identification: <br /> Property Owner Gang Chen Appellant(if different) <br /> Property Address 126 Cabernet Drive Parcel ID or Abstract 19880013998 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $450,200 County Opinion $440,000 <br /> Time of Hearin 2:24 PM Appellant Opinion $415,000 <br /> County Representative Kelly Wells Board Decision $440,000 <br /> Evidence submitted by the appellant: <br /> • Two nearly identical townhouses in close proximity were recently sold at substantially lower <br /> prices: 114 Vintage Dr(312 feet away): Sold for$405,000 in January 2024 220 Nanpa Valley <br /> Way(538 feet away): Sold for$410,000 in May 2024 These homes are similar in size, age, and <br /> construction quality to my property. <br /> • Accounting for modest market appreciation since the most recent sale, I believe a reasonable <br /> estimate for my home would be $415,000. I respectfully request that the County reassess my <br /> property's valuation in light of this comparable sales data. <br /> Evidence submitted by the county representative: <br /> • The County recommends lowering the effective year built from 2014 to 2009 for lack of <br /> updates,resulting in a reduction in value from$450,200 to 440,000. This adjustment would <br /> align the valuation more closely with those of recently sold comparable town homes. <br /> • Aerial photo <br /> • Photos of subject property <br /> • Property Record Card before change <br /> • Property Record Card after proposed change <br /> • Equity Analysis <br /> • Sales Comps <br /> • Sales Analysis <br /> Motion of the Board Accept the County's revised value of$440,000 <br /> Made the motion Richal Vanhook <br /> Second the motion Saru Salvi <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br /> Property Owner - Gabriel Sealey-Morris Appellant(if different) <br /> Property Address 1571 N.Nash Street I Parcel ID or Abstract 19865608049 <br />