Orange County NC Website
Docusign Envelope ID:9059FA55-A276-4268-BB65-EOBFOD9AD45E <br /> • Please see attached appraisal from 3/23/2023. Please note the building sketch is incorrect as <br /> there are only 2 bedrooms in this property. <br /> • Equity Issue: There are several other properties on this same street-Basnight Lane-that <br /> already have a 10%lot size adjustment,but this property does not. <br /> Evidence submitted by the county representative: <br /> • On November 7th, the subject property was inspected by an appraiser. Based on the observed <br /> condition of the property, it is recommended that the effective year built be adjusted to 1967 <br /> and a-10%easement influence added to the lot. <br /> • While there is market evidence supporting the current assessed value,the comparable <br /> properties used appear to have undergone significant upgrades and renovations that the subject <br /> property has not received. <br /> • Recommended Adjustments: <br /> Change Effective Year Built to 1967 <br /> Add-10%Easement Influence to Lot <br /> • After these changes, the new recommended value for the property is$448,600. <br /> • 7124 Sales Analysis <br /> • Comparable Report <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Photos of Subject <br /> • GIS Map <br /> Motion of the Board Value Changed as Follows: $429,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Elizabeth Satterlee Appellant(if different) <br /> Property Address 108 Old Forest Creek Drive Parcel ID or Abstract 19789477597 <br /> Statement of Appeal: Request a reduction in value based on an independent appraisal. <br /> Current Assessed Value $350,000 ounty Opinion 1 $350,000 <br /> Time of Hearin 1:28PM Appellant Opinion $150,000 <br /> County Representative Jimmy Milliken Board Decision $350,000 <br /> Evidence submitted by the appellant: <br /> • In October 2023,both 108 Old Forest Creek Drive and 112 Old Forest Creek Drive(parcels <br /> 9789477597& 9789478606)were appraised as part of the same appraisal process. The total <br /> appraised value of both properties was $945,000 compared to an assessed value of$1,149,800 <br /> (difference of$204,800). As part of the appraisal process, a value of$150,000 was assigned to <br />