Orange County NC Website
Docusign Envelope ID:ADDFB1EB-BBE4-4481-9F18-1365FOBA00KE <br /> • A site visit was conducted to observe the property exterior; no one was present at the time of <br /> inspection, so the interior condition could not be verified. <br /> • A sales analysis was developed referencing properties that recently sold within NBC 7492, <br /> which demonstrates that the subject property's current assessment remains aligned with <br /> neighborhood market trends. <br /> • The property's effective year built remains 1970, consistent with the original construction date, <br /> to reflect age and condition. Based on the site observations, a 20% special physical <br /> depreciation was applied to account for visible deterioration,including foundation issues and <br /> rotting eaves (as documented and highlighted in photos). In addition, a-15%land adjustment <br /> for floodplain influence has been applied. <br /> • These combined adjustments result in a revised total property value of$614,000, which <br /> represents the County's recommended value. <br /> • Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Photos <br /> Motion of the Board Accept Count 's Proposed Value: $614,000 <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 Andy Fox A ellant if different <br /> Property AddressT 112 Silo Drive I Parcel ID or Abstract 19880758121 <br /> Statement of Appeal: Request reduction in value based on comparable sales. <br /> Current Assessed Value $808,100 ounty Opinion $774,500 <br /> Time of Hearin 1:51 PM Appellant Opinion $735,000 <br /> County Representative Bill Hiltbold Board Decision $774,500 <br /> Evidence submitted by the appellant: <br /> • My appeal is substantiated by recent comparable sales data from properties in close proximity <br /> to 112 Silo Drive. <br /> Evidence submitted by the county representative: <br />