2025_10_02 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:83F80E7A-C8A7-4286-A6DF-737199F90FC2 • Remove a storage building from the property record. • Change the grade for the residence from A to C+10. • The recommended changes would reduce the current valuation to$212,200. • Photograph of Subject • Location Map of Subject • Plat of Subject Property • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $212,200 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against ... Property Identification: Property Owner Michael T. Bruhns Appellant(if different) Property Address 600 Hamecon Place I Parcel ID or Abstract 19857796089 Statement of Appeal: Request a reduction in value based on comparable sales. Current Assessed Value $941,300 ounty Opinion $941,300 Time of Hearin 2:34PM Appellant Opinion $600,000 County Representative C le Anderson Board Decision $800,300 Evidence submitted by the appellant: • The appellant provided three recent comparable sales in the subject property's neighborhood as supporting documentation. Unlike the subject property,which is a waterfront lot,none of the comparable sales in the appellant's analysis are waterfront lots. Evidence submitted by the county representative: • The subject property is a 0.97-acre waterfront lot with a single family residence, located at 600 Hamecon Place in Cedar Grove. The County reviewed the three comparable sales that were provided by the appellant as supporting documentation. All were in the subject property's neighborhood and have the same base rate of$95,00 using AC-9 pricing,yet none of these comparable sales were waterfront lots. Waterfront lots in this neighborhood are superior to non-waterfront lots. For this reason,the waterfront lots in this neighborhood receive+200% adjustments to the land. • The County reviewed the only two comparable sales from the subject property's neighborhood that were waterfront lots. This analysis shows that the subject property's land value is equitable with the land values of these two comparable sales, despite the fact that they sold early-to-mid 2022. Comparable sale#1 has a much lower price per square foot than the subject property because the subject's quality of construction is superior. Comparable sale #2 has a quality grade of B+10, compared to an A-10 for the subject,yet has a higher value/square foot because it's much smaller. After review,the County contends that the a ellant's supporting comparable