Orange County NC Website
Docusign Envelope ID:83F80E7A-C8A7-4286-A6DF-737199F90FC2 <br /> Evidence submitted by the county representative: <br /> • The subject property is 11.9 acres located in NBC 7011 with a base rate of$130,000 in the <br /> AC-9 pricing model that was set through the extraction method of two 2024 sales, 1514 Arthur <br /> Minnis Road and 124 Zoia Lane. <br /> • After reviewing the plat and the submitted information,I recommend increasing the existing --- <br /> -20%land adjustment for shape and stream to a-50%to include the topography,power lines <br /> and the two 130' stream buffers. This would create a revised value of$294,900. <br /> • Sale Map <br /> • Plat <br /> • GIS Map <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Continue to a Future Date/Time: Continue to allow the appellant the <br /> opportunity to provide information <br /> on comparable sales. <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 Carolyn Valahu Trustee Appellant(if different) <br /> Property Address 108 Oakstone Drive Parcel ID or Abstract 9881603041 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $679,500 ounty Opinion $649,500 <br /> Time of Hearin 1:59PM Appellant Opinion $550,000 <br /> County Representative Jimmy Milliken Board Decision $649,500 <br /> Evidence submitted by the appellant: <br /> • Our home's value was reassessed in 2022,which is in addition to the cyclical 4-year <br /> assessment for the county. On average for 27514, the average sale price has gone down by <br /> 38%in the last 60 days, averaging at$538,870. Our home is often compared to homes with <br /> similar square footage, that have garages, outbuildings and more aesthetic updates,which our <br /> home does not have. Comparable properties, from a square footage,bed/bath,renovation and <br /> land perspective average around$515,000,with homes needing renovations in the$400's and <br /> those very similar to our home's status in the low$500's, capping out at—$600K. I will attach <br /> more information on recent comparable sales. Thank you. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 108 Oakstone Drive,was built in 1980, contains 2,275 square <br /> feet, and is located in NBC 7920.After reviewing the submitted documents I found that <br /> com arables 6-10 are from different neighborhoods BCs). Comparable 4 and 5 have <br />