2025_10_21 BOER Minutes - Laserfiche WebLink

Browse Search

Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • After reviewing the submitted Comper sales I found that 1805 Rolling Road was in mostly original condition and in need of updating at its time of sale and 115 Old Oxford Road to be much larger in finished square footage than the subject. • I created an analysis of more similar sized properties from NBC 7492 to more accurately reflect the market. After reviewing the sales in the analysis, Comps 41 -#3 have upgrades and Comp 44 was described only as well maintained.Also,all comps construction appear to be superior. As a result, I propose lowering the subject's grade from B-10 to C+10 and the effective year built will remain at 1975, considering the property has had additions and some renovation since its original 1958 construction. • The County's suggested adjustment would create a revised value of$690,200. • Analysis • Map • Current Property Record Card • Proposed Property Record Card • GIS Map • Photo Motion of the Board Accept Count 's Proposed Value: $690,200 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner Matthew M. Cook Appellant(if different) Property Address 112 Founders Ridge Drive I Parcel ID or Abstract 19787353892 Statement of Appeal: Request reduction in value based on appraisal for property tax assessment. Current Assessed Value $1,572,100 ounty Opinion $1,482,100 Time of Hearin 2:41 PM Appellant Opinion $1,460,000 County Representative Jimmy Milliken Board Decision $1,482,100 Evidence submitted by the appellant: • Professional Appraisal by John McPhaul III on 7/7/2025 valued the property at $1,460,000 as of January 1, 2025, for purposes of property tax assessment. Evidence submitted by the county representative: • The subject property is in NBC 7507 and contains 3,915 square feet, it is a frame home with 5 bedrooms and 4& 1/2 baths built in 2012. This property was previously adjusted to its current valuation during the informal appeal period.