Orange County NC Website
Docusign Envelope ID:55C8A716-89E4-4018-AB48-1F92375EE447 <br /> Motion of the Board Accept the County's recommendation to adjust the building grades of all <br /> units on Highgrove Drive from A to B-10 and detached garages from B-10 <br /> to C- <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br /> Property Owner Yogiri Inc Appellant(if different) <br /> Property Address 740 Cornelius Street Parcel ID or Abstract 9865504253 <br /> Statement of Appeal: Request a reduction in value based on a recent contract sales price. <br /> Current Assessed Value $436,700 County Opinion $274,500 <br /> Time of Hearin 3:18 PM Appellant Opinion $265,000 <br /> County Representative Roger Gunn Board Decision $274,500 <br /> Evidence submitted by the appellant: <br /> • As of February 25,2025,the subject was under contract of sale for$265,000. <br /> Evidence submitted by the county representative: <br /> • An analysis of the property's listing history indicates that the subject has been listed for sale for <br /> $300,000 since February 18,2024. The previously mentioned pending sale for$265,000 did <br /> not close and the property is currently back on the market for$300,000. It is the <br /> recommendation of the County to change the market adjustment on the property from-65%to <br /> -78%,which would lead to a revised value of$274,500,which is well within 5%of the most <br /> recent contract sales price and below the January 1, 2025 listing price of$300,000. <br /> • Photograph of Subject <br /> • Location Map of Subject <br /> • Current Property Record Card of Subject <br /> • Proposed Property Record Card of Subject <br /> Motion of the Board Accept the Coun 's revised value of$274,500 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br />