Orange County NC Website
Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF <br /> Evidence submitted by the county representative: <br /> • I visited the property and discovered the patio not on the sketch and adding it increased the <br /> value of the building. The sales analysis shows the subject valued below the average and <br /> median of the comps by $3,600 but the median sale price of comps is only $672,500 and 112 <br /> Tremont Cir. is almost identical to the subject and sold for$680,000. <br /> • Adjusting the effective year built to 2003 will bring the subject more in line with sales. <br /> 1. Photos <br /> 2. GIS map <br /> 3. Sales analysis <br /> 4. Property record card before <br /> 5. Property record card after <br /> 6. Correspondence <br /> • If the board accepts these changes the building value would decrease from$384,000 to <br /> $382,900. Total property value would change from$684,000 to $682,900. <br /> Motion of the Board Value Changed as Follows: 1 $680,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Grace Stanley Appellant(if different) <br /> Property Address 805 Powell Street Parcel ID or Abstract 9789025598 <br /> Statement of Appeal: Requests reduction in value based on condition and comparable properties. <br /> Current Assessed Value $423,200 County Opinion $355,700 <br /> Time of Hearin 3:01 PM Appellant Opinion $327,000 <br /> County Representative Bill Hiltbold Board Decision $355,700 <br /> Evidence submitted by the appellant: <br /> • Two comparable sales: - 8 Powell Street, 377ft away. Sold for$350,000 on November 14, <br /> 2024. Home is similar square footage,but on a much larger lot(.72 acres vs .39). -217 Barclay <br /> Rd, 1310ft away. Sold for$385,000 on August 30, 2023. Has 2 full bathrooms vs only 1 in my <br /> property, alongside considerable upgrades;updated kitchen(mine is the original from 1952), <br /> and new HVAC. <br /> • Purchased on December 11, 2024, for$327,000. County is now setting the value at$423,200, <br /> almost 30%more than what we paid for the property in December, and over 50%more than it's <br /> previous valuation of$275,000. <br /> Evidence submitted by the county representative: <br /> • I measured the house and corrected the sketched living area from 1310 to 1160 square feet. <br />