Orange County NC Website
Docusign Envelope ID:3F8FF723-F74B-4D5B-A034-43FF8E859565 <br /> • Subject property is located at 103 Bristol Drive,is a two-story property with 2,040 square feet. <br /> The subject property was purchased in June of 2024 for$624,000 and has a current value of <br /> $611,700. <br /> • The Comper report submitted has properties from five different neighborhoods. Therefore, <br /> comparables have different land values and grading is inconsistent. Also 103 Westbury Court. <br /> is a 2025 sale that cannot be considered. <br /> • After reviewing the subject property and the sale information,I have created an analysis that <br /> verifies the assessment is aligned with the neighborhood sales and no change in value is <br /> recommended. <br /> • Summary <br /> • Analysis <br /> • Current Property Record Card <br /> • Photos of Subject <br /> Motion of the Board Accept Coun 's Proposed Value: $611,700 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 /> Prove Proverty Owner Walter Lee Caviness III A ellant if different <br /> Property Address 202 Gwen Road I Parcel ID or Abstract 19875305308 <br /> Statement of Appeal: Request a reduction in value based on the assessed value of a comparable <br /> property. <br /> Current Assessed Value $97,100 County Opinion $97,100 <br /> Time of Hearin 2:19 PM Appellant Opinion $65,993 <br /> County Representative Roger Gunn on Board Decision $87,400 <br /> behalf of Cyle <br /> Anderson <br /> Evidence submitted by the appellant: <br /> • The appellant submitted the assessed value of 212 Gwen Road as supporting evidence.No <br /> other supporting documentation was provided with this appeal. <br /> Evidence submitted by the county representative: <br /> • The subject property is a vacant lot located at 202 Gwen Road,in Hillsborough. The County <br /> visited the property for verification purposes and photos. The County also reviewed the <br /> appellant's supporting evidence,which was another vacant lot located at 212 Gwen Road. The <br /> lot at 212 Gwen Road has the same base rate of$120,000 as the subject property(using the <br /> AC-9 pricing model). This tract has a lower value per acre relative to the subject lot because it <br /> is over twice the size of the subject 1.35 acres). Due to economies of scale,the value per acre <br />