Orange County NC Website
Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF <br /> i • Feel the property is overvalued and attached a Comper report for support. <br /> Evidence submitted by the county representative: <br /> • Subject property is located in NBC 7420 at 422 Tinkerbell Road,has 1,528 square feet, and <br /> was built in 1966. The property was purchased in March of 2023 for$555,000 and is currently <br /> valued at$511,900. In reviewing the appellant's Comper report, Comparables#3 -#7 are larger <br /> than the subject which contributes to a lower value per square foot, and 4 of the 5 comps. carry <br /> a higher grade. <br /> • An analysis was created and as a result, the County suggests lowering the grade from C+10 to <br /> C, adjusting the effective year built from 1991 to 2005 for renovations and applying a 5% <br /> functional depreciation for the split HVAC units. This will create a revised value of$498,100. <br /> • The sales in the analysis range from$309 to $351 per square foot with the subject's proposed <br /> value at$326 per square foot. <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Maps <br /> • GIS Ma <br /> Motion of the Board Accept Count 's Proposed Value: $498,100 <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 Genlin Hu Appellant(if different) <br /> Property Address 119 Lonebrook Drive Parcel ID or Abstract 19880143695 <br /> Statement of Appeal: Request reduction in value based on comparable sales. <br /> Current Assessed Value $684,000 ounty Opinion $682,900 <br /> Time of Hearin 2:55 PM Appellant Opinion $640,000 <br /> County Representative Bill Hiltbold Board Decision $680,000(very strong comp) <br /> Evidence submitted by the appellant: <br /> • Comparable homes sold in the same neighborhood around l/l/2025: <br /> • 111 Tremont Cir. <br /> • 112 Tremont Cir. <br /> • 207 Tremont Cir. <br /> • 106 Juliette Ct. <br /> • 101 Macrae Ct. <br /> 9 115 Lonebrook Dr. <br />