2025_10_23 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: 11D3D156-724F-4E90-9FB3-D8A787A93FBD Motion Time By Second Saru to chair 1:00 Tony Blake Shannon Julian To move into recess 2:09PM-2:28PM Saru Salvi Tony Blake Related meeting notes: Vote to nullify initial vote on 9864158585 and recalculate -90% adjustment from pre-adjusted value. Motion: Saru, second:Tony, none opposed. Property Identification: Property Owner Meng Chen Appellant(if different) Property Address 410 Englewood Drive I Parcel ID or Abstract 19890617949 Statement of Appeal: Request reduction in value based on condition of property, a restricted appraisal report intended for First Bank, and data correction. Current Assessed Value $854,800 County Opinion $854,800 Time of Hearin 1:04 PM Appellant Opinion $800,800 County Representative Jimmy Milliken Board Decision $842,500(EYB set to AYB; 3080-SF) Evidence submitted by the appellant: • Appeal filed for re-assessment for condition,no major upgrades, square footage being incorrect, and a restricted appraisal report intended for First Bank. Evidence submitted by the county representative: • Property Review Summary—410 Englewood Drive(NBC 7452). The subject property is located in NBC 7452 at 410 Englewood Drive. It was constructed in 1999 and contains approximately 3,079 square feet of living area. The property was purchased in July 2024 for $925,000. • An appraisal was submitted as supporting evidence. The report is identified as a restricted appraisal prepared for First Citizens Bank. It includes three comparable sales with land values ranging from $350,000 to $450,000. The comparable properties are approximately 15 to 18 years older than the subject,which is 25 years old. Reported living areas range from 2,500 to 3,100 square feet, and all properties were noted as being in good condition. The appraisal concludes an indicated value of$830,000,while the appellant is requesting a value of $800,800. • To verify market alignment,I conducted an independent analysis of four comparable properties within the subject's neighborhood. Comparable#1 is considered the most similar overall, though it is slightly larger; it is a custom home that sold in 2024. Comparable#4 is also similar in size and price per square foot but sold in 2021.