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Docusign Envelope ID:A601AB7D-8806-49E3-97E5-610E08400673 <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Bradford Munroe Booth Appellant(if different) <br /> Jr. <br /> Property Address 11201 Red Gate Road Parcel ID or Abstract 9835915740 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $735,000 County Opinion $640,200 <br /> Time of Hearin 2:51PM Appellant Opinion $573,400 <br /> County Representative Kelly Wells Board Decision $640,200 <br /> Evidence submitted by the appellant: <br /> • The current assessed value of$735,000 does not reflect market value as of January 1, 2025 <br /> • Based on verified local sales,I respectfully request a revised assessment of$573,400, <br /> reflecting a$235/sf market-supported rate. <br /> • The land should not be valued based on speculative development potential,but rather as a rural <br /> residential parcel with limited market liquidity and utility. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 2,440 square foot single family home with 3 bedrooms,2 and 1/2 <br /> baths built in 2005 on 10.01 acres of land in Mebane. <br /> • The sales used in the appeal are not comparable to the 2,440 square foot house on 10.01 acres <br /> as they are all less than 1,400 square feet and the largest parcel is 1.6 acres. The sale of 2010 <br /> Sunday Drive. is for 2 parcels and not considered a qualified sale. There were no sales in the <br /> area that are comparable to the subject although the subject sold in 2021 for$525,000. <br /> • Based on the equity analysis and appraiser's opinion,the County recommends reducing the <br /> grade of the house from A+15 to A-10 and apply a-10%adjustment for access on the land for <br /> the private dirt road resulting in a reduction in value from$735,000 to $640,200. <br /> • Images of subject <br /> • GIS Map <br /> • Plat <br /> • Equity and Sales Analysis <br /> • Comparable sales clips <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $640,200 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br />