2025_11_13 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:ADDFB1EB-BBE4-4481-9F18-1365FOBA00KE properties located in the Englewood subdivision. One of the bases for this preliminary appeal is data derived from the website https://property.spatialest.com/nc/orange/#/property/xxxxxxxxxx. The inconsistencies and omissions detailed below warrant further examination and a lower valuation of both my house and the land on which it is located to ensure an equitable and accurate assessment. Evidence submitted by the county representative: • The subject property is located in NBC 7452 at 104 Woodmark Court. It was constructed in 1998 and contains approximately 3,930 square feet of living area. • The property was previously reviewed during the informal appeal process, at which time the land value was adjusted down by 50%to account for floodplain influence and Resource Conservation District(RCD) limitations. The effective year built was also revised to the actual year built(1998). • The appellant's appeal references market data based on a sale from NBC 7426, which carries a land base rate of$300,000 and is valued through the AC-9 pricing table with a-10%access adjustment(totaling$374,900). This property sold for$275,000,with a County total value of $544,100. However, as there is no record of this property having been actively listed or marketed, it is considered an unqualified sale and is not a reliable indicator of market value. • During the formal review, the open porch located beneath the living area(LQ)was identified for removal from the valuation model,resulting in an updated total value of$800,700. • Further analysis identified two recent sales within the market area that exhibit similar land characteristics. Based on these transactions,the floodplain and RCD conditions appear to have minimal measurable impact on market value. • A sales analysis of NBC 7452 was completed, and after consideration of all data and the correction for the porch area, the County recommends a revised total property value of $800,700. • Sales Analysis • Sales Map • Plat • Current Property Record Card • Proposed Property Record Card • GIS Map • Photo Motion of the Board Accept Count 's Proposed Value: $800,700 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Chair of the Board: