Orange County NC Website
Docusign Envelope ID: 10A7898C-B3EB-45F1-8EFC-F2EE238E2959 <br /> Time of Hearin 1:21 PM Appellant Opinion Not provided <br /> County Representative Roger Gunn Board Decision $133,200 <br /> Evidence submitted by the appellant: <br /> • The appellant submitted a HUD closing statement and Profit and loss statement for 509 Locust <br /> Road, 513 Locust Road, and 613 Locust Road. The appeal is presumably for a reduction in <br /> value but that was not explicitly stated in this appeal. <br /> Evidence submitted by the county representative: <br /> • The subject is a 1,025 square foot,4 bedrooms, 1 bath masonry residence. This property was <br /> part 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 deferred <br /> maintenance exists, and the interior has been gutted and is in the process of renovation. Based <br /> on the owner's profit and loss statement for this residence, it is reasonable to conclude this <br /> property was in similar condition on January 1,2025. <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 25% <br /> physical depreciation for 65%total depreciation. Heat type should be changed from Electric to <br /> Baseboard. <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$133,200 <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 Jerry E. Dixon Appellant(if different) <br /> Property Address 17014 Red River Drive I Parcel ID or Abstract 10807143380 <br /> Statement of Appeal: Request a reduction in value based on a value provided by a third-party appraisal <br /> in addition to the condition of the home. <br /> Current Assessed Value $270,700 County Opinion $231,500 <br /> Time of Hearin 1:30 PM Appellant Opinion $140,000 <br /> County Representative Scott Zeman Board Decision $231,500 <br />