Orange County NC Website
Docusign Envelope ID: 10A7898C-B3EB-45F1-8EFC-F2EE238E2959 <br /> • The County recommends changing the effective year built from 1987 to 1977 to match the <br /> actual year built, change the condition from Average to Poor and apply an additional 20% <br /> physical depreciation for 62%total depreciation. Heat type should be changed from Electric to <br /> Baseboard. Also,a 10 x 10 storage building was discovered on the site and should be added to <br /> the property record. <br /> • Photograph of Subject <br /> • Location Map of Subject <br /> • Current Property Record Card of Subject <br /> • Proposed Property Record Card for Subject <br /> Motion of the Board Accept the Coun 's revised value of$139,900 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br /> Property Owner Gilded Homes LLC Appellant(if different) <br /> Property Address 613 Locust Road Parcel ID or Abstract 9865641553 <br /> Statement of Appeal: Request a reduction in value based upon the recent purchase price and condition of <br /> the residence. <br /> Current Assessed Value $187,400 County Opinion $179,500 <br /> Time of Hearin 1:55 PM Appellant Opinion $131,333 <br /> County Representative Roger Gunn Board Decision $179,500 <br /> Evidence submitted by the appellant: <br /> • The appellant submitted a HUD closing statement and Profit and Loss statement for 509 <br /> Locust Road, 513 Locust Road, and 613 Locust Road. The appellant lists an estimated value <br /> of$131,333. <br /> Evidence submitted by the county representative: <br /> • The subject is a 988 square foot, 3 bedrooms, 1 bath frame residence. This property was part <br /> of a three-property sale(509 Locust Road, 513 Locust Road, and 613 Locust Road)that <br /> occurred in July 2024 for$394,000 or$131,333 per residence. <br /> • A site inspection was performed on July 24, 2025 in which the appraiser observed that the <br /> subject has had some maintenance over the years,but the effective year built of 1995 was <br /> probably overstated. <br /> • The County recommends changing the effective year built from 1995 to 1990 with the actual <br /> year built being 1985. Also,heat type should be changed from Combination Heat and Air to <br /> Baseboard Electric and no air conditioning. <br /> • Photograph of Subject <br />