Orange County NC Website
<br /> <br /> <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 /> <br /> <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 /> <br /> <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 /> <br /> <br />Property Identification: <br /> <br />Property Owner Elizabeth Satterlee Appellant (if different) <br />Property Address 108 Old Forest Creek Drive Parcel ID or Abstract 9789477597 <br /> <br />Statement of Appeal: Request a reduction in value based on an independent appraisal. <br /> <br />Current Assessed Value $350,000 County Opinion $350,000 <br />Time of Hearing 1:28PM Appellant Opinion $150,000 <br />County Representative Jimmy Milliken Board Decision $350,000 <br /> <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 />Docusign Envelope ID: 9059FA55-A276-4268-BB65-E0BF0D9AD45E