Orange County NC Website
Docusign Envelope ID:3F8FF723-F74B-4D5B-A034-43FF8E859565 <br /> update data in the Open Market to any assessment officers,thank you very much in advance <br /> for your consideration." <br /> Evidence submitted by the county representative: <br /> • The subject property is a 3,954 square feet framed home built in 2017,resting on 2.56 acres of <br /> land. Prior to the current purchase of January 6,2025 at$1,240,000,the property was <br /> purchased in June of 2022 for$1,130,00 and has a current value of$1,391,100. <br /> • After reviewing the submitted documentation I find all to be data from 2025 and therefore <br /> inadmissible for the revaluation date of January 1, 2025. <br /> • After creating an equity and sales analysis with properties of similar size, construction, <br /> neighborhood code(7937),and with the land base rate that is calculated through the Ac_9 <br /> pricing table,the values remain consistent. <br /> • Based on the two analyses processed through the CAMA system which is calculated from the <br /> 2025 County Schedule of Values,this property has a value that is aligned with the <br /> neighborhood.No change in value is recommended. <br /> • Equity Analysis <br /> • Sales Analysis <br /> • Current Property Record Card <br /> • Photos of Subject <br /> Motion of the Board Continue to a Future Date/Time: Continue to allow the appellant an <br /> opportunity to provide valid <br /> comparable sales and for the County <br /> to provide additional information on <br /> specific neighborhood pricing <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 Igor Ivanisevic Appellant(if different) <br /> Property Address 417 Rid ecrest Drive Parcel H)or Abstract 19799072948 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $956,000 County Opinion $956,000 <br /> Time of Hearin 1:52 PM Appellant Opinion $866,900 <br /> County Representative Jimmy Milliken Board Decision $956,000 <br /> Evidence submitted by the appellant: <br /> • 1 received two assessments from the county. One dated March 18,2025 for$866,900 and a <br /> second dated April 11,2025 for$956,000. 1 believe the first assessment is reasonable based on <br /> comparable non-lakefront property sales,taking into account that this house has not been <br /> renovated in—20 years,whereas the most recent sales in the area were of houses that have <br />