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Docusign Envelope ID:614DC766-A81A-44A6-92ED-C23292EB4270 <br /> 2. Explanation concerning the condition and lack of upgrades of the home. <br /> • Interior photos were provided as evidence. <br /> • Repair quotes were referenced but were not provided. <br /> • No comparable sales were provided. <br /> Evidence submitted by the county representative: <br /> • This Formal Appeal is being filed after an Informal Appeal that was reviewed by a different <br /> County appraiser with no value change deemed at that time. That appraiser stated, "EFF <br /> YEAR BUILT 1995,YEAR BUILT 1990,ALREADY DEPRECIATED." <br /> • On October 31, a drive-by visit of the subject was performed by this appraiser. A drive-by <br /> evaluation is considered a sufficient review due to the evidence provided by the Appellant. <br /> The grade, condition/maintenance, and construction standards were observed. An exterior <br /> photo was taken of the residence. <br /> • Appraiser recommendations and observations: <br /> 1. Age-Due to the evidence concerning condition supplied by the Appellant,it is <br /> recommended the current Effective Year Built be reduced from 1995 to the Actual Year Built <br /> of 1990. This takes into consideration the lack of updates and deferred maintenance for 35 <br /> years. <br /> 2. Condition-The Appellant has noted and provided photos of structural problems with the <br /> home. Repair costs were quoted but written bids were not provided. It is recommended to <br /> apply 15%functional depreciation for these deficiencies. <br /> 3. Grade-The Grade of C+10 is consistent with the subject neighborhood 7450. <br /> 4. Land-Homesites in NBC 7450 are assessed at$250,000 per lot. This value is based on <br /> the utility of providing a homesite,not on size variation. All sites are consistently valued <br /> throughout this neighborhood. <br /> 5. A Comper Report is attached. The 3 qualified comps have a sales range of value of <br /> $418,000 to $476,000. Their assessed values range from $441,700 to$477,600; The Subject <br /> is a 2-Story home vs all the comps being 1-Story. <br /> • The recommended adjustments would reduce the subject's value from$440,400 to$405,600. <br /> This is an adjustment of$34,800, yielding the depreciated value of the home to $155,600. <br /> 1. Current Property Record Card <br /> 2. Proposed Property Record Card <br /> 3. Photos of Improvements <br /> 4. Maps -Location& GIS for Subject and NBC <br /> 5. Comper report and MLS photos <br /> 6. Sales Analysis Report <br /> Motion of the Board Value Changed as Follows: $393,200(change condition to Fair) <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br />