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Docusign Envelope ID:605B9F76-COF1-43C7-9DA8-9C1F27ED9055 <br /> • Equity Analysis <br /> • Current Property Record Card <br /> • Photo of Subject <br /> Motion of the Board Accept Coun 's Proposed Value: $796,600 No Change in Value <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Prasun Dewan Appellant(if different) <br /> Property Address 114 Bayview Drive Parcel ID or Abstract 19860900775 <br /> Statement of Appeal: Request a reduction in value based on incorrect data on the current property record <br /> card and comparable sales. <br /> Current Assessed Value $817,400 County Opinion $792,200 <br /> Time of Hearin 1:33 PM Appellant Opinion $740,000 <br /> County Representative Jimmy Milliken Board Decision $792,200 <br /> Evidence submitted by the appellant: <br /> • Per the appellant, "400 square feet of my house is a bonus room that has not been built. It has <br /> no porch,which I plan to add and will further increase its value. 104 Bayview with 2,864 <br /> square feet built area and a porch sold for$778,000 recently. Similarly, 102 Bayview with <br /> 2,800 square feet built space sold recently for$775,000. Usually,tax value is less than selling <br /> price. This house is comparable to 112 Hogan Ridge whose square footage is 2,445 and tax <br /> value is$755,000. My estimate of$740,000 assumed porch building cost of$15,000". <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 114 Bayview Drive,was built in 1997, and contains 2,707 <br /> square feet.After reviewing the submitted documents, only one of the submitted sales had <br /> significant upgrades and two others appear to be well maintained. <br /> • 1 created a sales analysis that included the appellant's submitted comparables as well as other <br /> qualified sales. The assessed values are slightly undervalued based on the analysis and the <br /> analysis verified the subject to be in need of a value adjustment. I adjusted the effective age by <br /> six years from 2009 to 2003 to create a revised value of$792,200. This will align the subject <br /> property's value between the assessed values and the sales values in the neighborhood. <br /> • Sales Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $792,200 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br />