2025_10_16 BOER Minutes - Laserfiche WebLink

Browse Search

Docusign Envelope ID:74C3A9E3-D768-4955-8605-370E577359C1 • The subject property is a 2.4-acre tract with a 2,296 square foot doublewide manufactured home, located at 4620 Timberwood Trail in Efland. The appellant states that their property is encumbered by a road easement and submitted a GIS aerial photo as supporting documentation. The appellant also submitted several comparable sales with their appeal. Only one of these sales, 4607 Timberwood Trail,was in the subject's neighborhood. The other comparable sales were from different neighborhoods located further away(2.53 to 3.51 miles) from the subject property. • On August 11,2025,the appellant amended their opinion of value to $225,000 due to recently discovered plumbing issues. The appellant provided a cost to cure estimate ($17,733.12)as supporting documentation. • The County analyzed the only comparable sale from the subject property's neighborhood, which consists of only nine parcels. Due to the size of the comparable sale, it's price per square foot is greater than that of the subject property. • The subject property has a-20%Physical Depreciation adjustment already applied to the dwelling,which reduces the building to its current value of$121,400. The building value without this adjustment would be$151,800. The County contends that this adjustment takes into account the plumbing issues associated with the subject dwelling. The County does recommend applying a-10%adjustment to the land,which would account for the road easement. This adjustment results in a revised value of$296,000 for the subject property. • Please note that the subject property is currently listed for sale on MLS and the following link from realtor.com is provided so that the Board may view additional photos: https://www.realtor.com/realestateandhomes-detail/4620-Timberwood- Trl Efland NC 27243 M58713-69149. This listing was not factored into the County's recommendation of value. • GIS Map • GIS Map of Subject's Neighborhood • Sales Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $296,000 Made the motion Barbara Levine Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner Thomas Shaw Sr. Appellant(if different) Property Address 9421 NC 157 Parcel ID or Abstract 9990227733 Statement of Appeal: Request a reduction in value based on the condition of the home and comparable sales. Current Assessed Value $357,000 County Opinion $280,900 Time of Hearing 1:48PM Appellant Opinion $268,180