2025-06-03 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:286CD4C8-ACFC-47D3-955A-01D71CF51158 • Larkspur Sales • Sales Analysis • Equity Analysis Motion of the Board Accept the County's recommendation of no change in value Made the motion Saru Salvi Second the motion Leon Meyers Voted For Richal Vanhook Voted Against Property Identification: Property Owner Ehren Jacob Wainwright Appellant(if different) Trustee Property Address 523 Copperline Drive Parcel ID or Abstract 9777959895.008 Statement of Appeal: Request a reduction in value based on comparable sales. Current Assessed Value $429,200 County Opinion $429,200 Time of Hearin 2:05 PM Appellant Opinion $325,000 County Representative Roger Gunn Board Decision $429,200 Evidence submitted by the appellant: • Statement by appellant: "Recent Comparable Sale: Zip code 27516 townhomes sold last 24 months average price per square is $232.60. Zip code 27516 last 18 months only 3 properties sold with 2 bedrooms, 2 bathrooms: 106 Kiley Street, 1175 Great Ridge Parkway and 934 Edgewater Circle." Evidence submitted by the county representative: • The subject is a two-story 1,373 square foot condominium and appears to be the second smallest unit in the Merritt Park Condominium Project. The unit is currently assessed at $312.60 per square foot. • The property most recently sold in October 2021 for$360,000 or$260.20 per square foot. A sales analysis of 2024 condos and a townhome in Southern Village area as well as a resale in the subject project indicate that property values have increased since the sale of the subject and subject's valuation is supported. • Similarly, an equity analysis of the smallest and next two largest units in Merritt Park also support the current valuation. • As a result of these analyses,no adjustment to the current value can be supported. • Photograph of Subject • Property Record Card of Subject • Merritt Park Condo Sales • Sales Analysis • Equity Analysis