Orange County NC Website
Docusign Envelope ID:6E3F16AO-BC7B-4F9D-B4E9-B4OC6D98AOA9 <br /> • Sales analysis <br /> • GIS Map <br /> Motion of the Board Accept Count 's Proposed Value: $598,500 <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 Christopher Ford Appellant(if different) <br /> Property Address 716 Kenmore Road Parcel ID or Abstract 19880808307 <br /> Statement of Appeal: Request a reduction in value based on the value of comparable properties. <br /> Current Assessed Value $738,500 ounty Opinion 1 $692,100 <br /> Time of Hearin 1:30PM Appellant Opinion $694,207 <br /> County Representative Bill Hiltbold Board Decision $692,100 <br /> Evidence submitted by the appellant: <br /> • We note that our building value is appraised at$303,500. Our home's square footage is 2187, <br /> quality C+10. Price/sq ft: 138.77 Our neighbor at 712 Kenmore is valued at 307,400 for 2919 <br /> sqft at quality B-10;price/sqft: 105.33 our neighbor at 713 Kenmore is valued at 248,000 for <br /> 1963 sqft, quality B-10;price/sqft: 126.34 our neighbor at 717 Kenmore Rd is valued at <br /> 258,600 for 2,090 sqft at quality C+10.;price/sqft: 123.71 Based on the above, taking an <br /> average, we would estimate that our price/sqft would more accurately be $118.46,bringing our <br /> valuation for building alone to $259.207. That,plus land value of$435.00, leads to our <br /> estimate of value at $694.207. <br /> Evidence submitted by the county representative: <br /> • The subject property is recorded as a single family split level residence labeled as a 1 story <br /> with 783 sf of finished basement. <br /> • There is a crawlspace under the entire house,please notice the foundation vents shown on the <br /> front photo. All floors are above grade so there is no basement. Re labeling the areas, <br /> correcting the dimensions and changing 1 story to 1.5 story,the living area changes from 2187 <br /> to 2105 square feet. Multi story residences are valued less per square foot than single story, so <br /> the building value drops $48,100 with no change to grade or effective year built. <br /> • Discovering(6) 70 sheds adds $1,700 to yard items. <br /> • There are no sales of comparable properties near the square footage of the subject other than <br /> the sale of the subject in 2022 for$581,500. Please see the analysis report. I listed comparable <br /> properties with multi story, C+10 grade and median square footage within 350 sq. ft. of the <br /> subject. Sketch corrections bring the property value close to the opinion of the appellant. <br /> • If the board accepts these changes the building value would decrease from$303,500 to <br /> $255,400. Total property value would change from$738,500 to $692,100. <br /> • Photo of Subject <br />