Orange County NC Website
Browse       Search
Docusign Envelope ID:C9B7EE17-4ADA-4424-B141-343369361698 <br /> Current Assessed Value $703,200 County Opinion $703,200 <br /> Time of Hearin 1:11 PM Appellant Opinion $575,000 <br /> County Representative Jimmy Milliken Board Decision $703,200 <br /> Evidence submitted by the appellant: <br /> • In 4 years,the assessed value of our property has increased by 78.3%. The value of our 2.16 <br /> acre lot is listed as $307,400, $153,700 per acre. I feel that the fair market value of our home <br /> considering the provided examples is a 40% increase in assessed value of our home from 2021 <br /> of$575,000. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 505 Jones Ferry Road in NBC code 7931. The land is valued <br /> by Ac_9 pricing table with a base rate of$160,050 that was established from the vacant land <br /> sale of 1606 Jones Ferry Road(PIN 9767698930) in which 2.18 acres sold for$315,000 on <br /> July 3,2024. It is currently assessed at$310,500 with no adjustments. See attached aerial map <br /> of subject property and the sold property. The subject property was appealed informally for <br /> 2025, and the land was adjusted down by 10%for the irregular shape to its(the land) current <br /> value of$276,700. <br /> • After reviewing the submitted documents,I found the comparable 48 Margaret Place to be <br /> located in Chatham County, and not a valid comparable. 519 Carl Drive is a 2025 sale, and 305 <br /> Old School Road is a current listing. 9900 Leslie Drive is a 1,797square foot residence in <br /> Orange County,but in NBC code 6611 which is lot priced at$135,000. <br /> • An equity analysis was created for the similar properties in the neighborhood. Included is a <br /> map of the subject and the comparables. Comparable#1's land has a-20%adjustment for <br /> power lines and an easement. Comparable#2 that boarders the subject,has a land adjustment <br /> for irregular shape and Comparable#3 has no adjustment. <br /> • The subject has a swimming pool that is included in the improvement value,whereas the <br /> comparables do not. Comparables are multi-story homes,the subject is single story. The <br /> County finds no basis for an adjustment to the current value. <br /> • Equity Analysis <br /> • Comparable Map <br /> • Aerial Map <br /> • Current Property Record Card <br /> • Photo of Subject <br /> Motion of the Board Accept Coun 's Proposed Value: $703,200 No Change in Value <br /> Made the motion Leon Meyers <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Sinae Santillo Appellant if different <br /> Property Address 109 Covington Drive Parcel ID or Abstract 19890418453 <br />