Orange County NC Website
Docusign Envelope ID:CAA96AA1-7D21-4D46-9A3F-10F230AD80FA <br /> • Sales Analysis <br /> • Current Property Record Card <br /> • Photo of Subject <br /> Motion of the Board Accept Coun 's Proposed Value: $451,700 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 /> Property Identification: <br /> FProperty Owner Xiaoyu Zhang Appellant if different <br /> Property Address 125 Tremont Circle Parcel ID or Abstract 9880243737 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $673,800 County Opinion $673,800 <br /> Time of Hearin 1:09 PM Appellant Opinion $643,950 <br /> County Representative Jimmy Milliken Board Decision $673,800 <br /> Evidence submitted by the appellant: <br /> • Comparable 1: 112 Tremont Circle,2,730 square feet, sale price$680,000, sale date November <br /> 21,2024. $249 per square foot. Comparable 2: 111 Tremont Circle, 3,032 square feet, sale <br /> price $672,500, sale date Dec 19, 2024. $222 per square foot. Comparable 3: 103 Tremont <br /> Circle, 3,044 square feet, sale price $785,000, sale date May 30,2025. $258 per square foot. <br /> Average price per square foot of the three recent sales is: $243. My house: 125 Tremont <br /> Circle,is 2,650 square feet.Using average$243 per square foot,the estimated house value is <br /> $643,950. <br /> • Appellant submitted additional evidence at meeting that has been uploaded into Spatialest. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 125 Tremont Circle.After reviewing the documentation, <br /> Comparable#3 is a 2025 sale and cannot be considered in the appeal. I've included <br /> Comparables#1 and#2 in my sales analysis. The analysis illustrate that the subject's value <br /> aligns with the other properties through sales and equity. Based on this information,the County <br /> suggests no change in value. <br /> • Sales Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Photo of Subject <br /> Motion of the Board Accept Coun 's Pro osed Value: $673,800 No Change in Value <br /> Made the motion Saru Salvi <br />