Orange County NC Website
Docusign Envelope ID:40462423-CB48-41E6-989B-17C70C3813D3 <br /> Motion of the Board Accept Count 's Proposed Value: $352,500 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Matthew McDonald Appellant(if different) <br /> Property Address 6319 Mimosa Drive I Parcel ID or Abstract 19891027982 <br /> Statement of Appeal: Request a reduction in value based on the purchase price of the property. <br /> Current Assessed Value $1,443,500 ounty Opinion $1,445,300 <br /> Time of Hearin 3:48PM Appellant Opinion $1,200,000 <br /> County Representative Jimmy Milliken Board Decision $1,445,300 <br /> Evidence submitted by the appellant: <br /> • We bought this home in January 2024. It is not possible that its appraised market value <br /> increased by 20%in the ensuing year. If Orange County believes that I will sell the county my <br /> house for$1,443,500 with no contingencies and no delay immediately. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 6319 Mimosa Drive,was built in 1992, and contains 3,884 <br /> square feet of living area according to County records.The property was purchased in 2024 for <br /> $1,200,000 and the appellants are appealing the assessed value of$1,443,500. The appellants <br /> had a kitchen and 3.5 baths renovated, removed the pool and enlarged the deck after the <br /> purchase. <br /> • After reviewing the property record card and the sales listing I found the square footage <br /> appears to be incorrect. The sale listed the property to be 3,877 with a 700 square foot area <br /> above the garage that is not included in the living area,per sales listing,and the sketch in the <br /> listing confirms this. The County includes this area as living area square footage, per Schedule <br /> of Values and must be assessed. After correcting the sketch, the new living area will be 4,408 <br /> square feet and will further increase the current value. <br /> • 1 reviewed the subject's plat to find a public a ride-a-away easement and adjusted the land an <br /> additional-10%to total-20%for the land adjustments. After adjusting the house and the land, <br /> the County suggests a revised value of$1,445,300. <br /> • 1 created an analysis of sales within the neighborhood(7408),which illustrate the subject <br /> property has been assessed fair and equitably with other neighborhood homes. <br /> • Analysis <br /> • Current Property record Card <br /> • Sale Listing <br /> • Building Listing Sketch <br /> • Plat <br /> • Proposed Property Record Card <br />