Orange County NC Website
Docusign Envelope ID:A601AB7D-8806-49E3-97E5-610E08400673 <br /> Property Address 1510 Quinn Court Parcel ID or Abstract 9769497169 <br /> Statement of Appeal: Request a reduction in value based on a comparable sale and the condition of <br /> home. <br /> Current Assessed Value $823,300 County Opinion $761,600 <br /> Time of Hearin 2:OOPM Appellant Opinion $586,800 <br /> County Representative Jimmy Milliken Board Decision Continued <br /> Evidence submitted by the appellant: <br /> • The three main items affecting the valuation are Building and Land. >BUILDING should be <br /> valued with 3,578 sf at$135 /sf for a total of$483,030. The home was built in 1988 with an <br /> addition in 1996 and is pretty dated with a very unorthodox floor plan. Therefore,much of the <br /> "livable" sf is not easily accessible/usable. The homes of my two neighbors who have also <br /> lived here since the 1990's [511 & 505 Quinn Court] are valued at$143/sf& $142/sf <br /> respectively,but those homes have much more orthodox floor plans. Therefore, $135/sf is a <br /> more appropriate number to use to value my home STORAGE BUILDING--there is a small <br /> [10'x10'] storage building on the garage side of the house which is valued at$1,800. LAND <br /> VALUE--my 1.12 acres are valued at$275,000= $245,536/acre which is totally unrealistic. <br /> There are three plots on Creekstone Drive 75-100 yards from me which are valued at$52,700 <br /> to $65,800 per acre. I know these are much larger plots [5.38 to 7.4 acres],but that should not <br /> increase the valuation of my property by 360%to 486%. I also do not see any land parcels in <br /> Orange County close to $245K or even$150K per acre. I feel that a maximum land value for <br /> 510 Quinn Court is $100,000. IF YOU DO NOT AGREE WITH MY TOTAL VALUATION <br /> OF $586,800 I would appreciate an opportunity to address the board in person. Thank you very <br /> much--Maury Klein <br /> • Two neighbors' homes [500 Quinn Court& 501 Quinn Court] sold recently for a little more <br /> than the value I claim for my home [$586,800],but for much less than the 2025 Value Change <br /> Notice [$823,300]. My home has more square feet [3,578],but those two homes were <br /> completely renovated before sale while 510 Quinn is pretty dated. <br /> • 510 Quinn Court was built in 1988 and is very dated. Of course, I make repairs as needed,but <br /> this home is not updated,ready-to-sell, or anything close to that condition. "Comps" are almost <br /> always for homes upgraded for sale and,therefore valued much higher per square foot. As <br /> detailed, I have used a value of$135/square foot for the current condition of my home vs <br /> much higher values for home. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 510 Quinn Court,was built in 1988, and contains 3,580 <br /> square feet. The subject property is in NBC 7844 and is lot priced at$275,000 per lot. The <br /> finished living area was adjusted from 3,684 square feet to 3,580 square feet and the pool was <br /> removed in 2025,due to a data correction form being submitted. <br /> • The properties noted off Creekstone Drive in NBC 7954 are valued using the Ac_9 pricing <br /> table with a base rate of$115,000 for one acre. <br /> • An analysis was created that included the comparables submitted and an additional sale to <br /> illustrate the sales and equity of the neighborhood. The land value difference in comparables <br /> #1 and#2 are due to a Piedmont EMC Easement running through these properties. <br /> • In conclusion,I adjusted the effective year built from 1990 to its actual year built of 1988 for <br /> the lack of improvements, and the story height from 1 story to 1.25 story to account for the <br />