2025_09_16 BOER Minutes - Laserfiche WebLink

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Evidence submitted by the county representative: • The subject property is a 6.65-acre vacant lot located on Blueberry Lane, in the Blueberry Hills subdivision, in Hillsborough. The appellant does not offer an opinion of value and did not provide any supporting documentation with this appeal. The County physically inspected the property for verification and photos. The County also reviewed the plat (Book 46, Page 9) for the subject property, which states that the intended use for this property is "park (private)." The subject lot is already heavily discounted to account for this restriction. The base rate for lots in this neighborhood is $95,000 in the AC-9 pricing model. The subject property's value from the AC-9 (acreage) pricing model is first reduced -75% for non-perking/non-developable, and then the remainder is adjusted another -50% for shape. These adjustments amount to a -87.5% overall reduction to the subject property's value. Therefore, the County recommends no change to the subject property's assessment of $40,000. • GIS Map • Subject Plat • Current Property Record Card Motion of the Board Accept County's Proposed Value: $40,000 No Change in Value Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members ... Voted Against ... ... Property Identification: Property Owner Walde Trust Appellant (if different) Property Address 3512 Stonegate Dr Parcel ID or Abstract 9757814795 Statement of Appeal: Request a reduction in value based on comparable sales. Current Assessed Value $978,500 County Opinion $978,500 Time of Hearing 1:56 PM Appellant Opinion $860,000 County Representative Jimmy Milliken Board Decision $978,500 Evidence submitted by the appellant: • The recently sold property at 3625 Stonegate Drive is similar to our home in age of the structure, use of wood floors, like cabinetry and trim and lot size. It differs somewhat in that the 3625 property is a two-story, three-car garage frame home with about 750 more square feet. Our home at 3512 Stonegate Drive is constructed of brick veneer, is all on one level and has a two-car garage. The 3625 property sold in August 2024 at $297 per SF. This represents the closest/ best comparable sale on our street and should be weighed heavily to calculate the 2025 assessed value. Applying the price per SF ($297) of the 3625 home to our 2872 SF size comes to a proposed assessment of $853,000. I have rounded up to a suggested assessed value of $860,000 (approximately $300 per SF). Also, the Orange County website cites a home at 202 Summergate Circle in the Woodlands at Chapel Hill neighborhood as a comparable sale. Since that Docusign Envelope ID: 288E0C02-CDC7-42EE-8ACF-A225778F48C2