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<br /> <br />Property Identification: <br /> <br />Property Owner Michael Wayne Hooker Appellant (if different) <br />Property Address 527 Birdsong Lane Parcel ID or Abstract 9878652614 <br /> <br />Statement of Appeal: Request a reduction in value based on comparable sales. <br /> <br />Current Assessed Value $514,600 County Opinion $514,600 <br />Time of Hearing 1:27 PM Appellant Opinion $475,000-$480,000 <br />County Representative Cyle Anderson Board Decision $514,600 <br /> <br />Evidence submitted by the appellant: <br />• The appellant states that the subject property was purchased last year at an inflated <br />price that does not represent true market value. The appellant provided two comparable <br />sales to support this claim. <br /> <br /> <br />Evidence submitted by the county representative: <br />• The subject property is located at 527 Birdsong Lane in Hurdle Mills. The County <br />performed a field inspection for physical verification and photos. The subject property <br />was listed for sale on MLS on March 22, 2024, and the sale closed on April 24, 2024 <br />for $515,000. The County performed a sales analysis which includes the 2024 sale of <br />the subject property. The analysis shows a higher price per square foot for the subject <br />property. There are several reasons for this. The subject has a higher price per square <br />foot because the quality of construction and the upgrades are superior to those of the <br />comparable sales. Additionally, the April 2024 sales price supports the current <br />assessment as of January 1, 2025. The subject property is also much newer than the <br />comparable properties. The following comparable sales are all part of the sales analysis <br />for the subject property: Comparable sale #1, 537 Birdsong Lane, was built in 2005. <br />Comparable sale #2, 501 Birdsong Lane, was built in 2006. Comparable sale #3, 516 <br />Birdsong Lane, was also built in 2006. Comparable sale #4 in the sales analysis is the <br />subject property, 527 Birdsong Lane, and it was built in 2017. All four properties sold <br />in either 2023 or 2024. Upon review, the County recommends no change to the current <br />assessed value of $514,600. <br />• Photo of Subject <br />• GIS Map <br />• MLS Agent Remarks <br />• MLS Photos of Subject <br />• Current Property Record Card <br />• Sales Analysis <br /> <br /> <br />Motion of the Board Accept County's Proposed Value: $514,600 No Change in Value <br />Made the motion Richal Vanhook <br />Seconded the motion Saru Salvi <br />Voted For All BOER Members ... <br />Voted Against ... ... <br /> <br /> <br />Docusign Envelope ID: 288E0C02-CDC7-42EE-8ACF-A225778F48C2