Orange County NC Website
Docusign Envelope ID:6A24285A-81 BA-45BO-BD68-Cl1 D7E41 E4F0 <br /> Evidence submitted by the appellant: <br /> • The appellant is appealing the value of this home due to this home being a Habitat for <br /> Humanity home that is subject to affordability and other restrictions that impact the market <br /> value of the home in the buying/selling process. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 792 square foot one story townhome developed and built by Habitat <br /> for Humanity of Orange County in the Crescent Magnolia development of Waterstone in <br /> Hillsborough. The appellant purchased the home in December 2019 for$150,000. <br /> • Based on an analysis of the restrictions put in place by Habitat for this and other homes in the <br /> Crescent Magnolia development, The County recommends reducing the value of the land by <br /> 25%and the value of the residence by 25%for a revised value of$187,100. This is consistent <br /> with the adjustments being made by the County to other homes in this development subject to <br /> the same restrictions as the subject. <br /> • Location Map of Subject <br /> • Current Property Record Card of Subject <br /> • Proposed Property Record Card of Subject <br /> Motion of the Board Accept Count 's Proposed Value: $187,100 <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 Dmitry A. Gordenin A ellant if different <br /> Property Address 106 Hampton Court I Parcel ID or Abstract 19880504358 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $536,900 ounty Opinion $512,700 <br /> Time of Hearin 1:55PM Appellant Opinion $484,000 <br /> County Representative Bill Hiltbold Board Decision $511,200 <br /> Evidence submitted by the appellant: <br /> • Recent comparable sales through the entire 2023-2024 period should be considered only from <br /> the attached pdf file of comparable properties,which are located in North Forest Hills <br /> subdivision. Other properties shown on the map as comparable are located in Lake Ellen <br /> neighborhood,where prices are higher because this is a more favorable location. <br /> Evidence submitted by the county representative: <br /> • Please see the before sales analysis. These are 2023-24 sales of homes in the subject <br /> neighborhood, all $300K land value, 1 story, C+10 grade, and within 120 square feet of the <br />