Orange County NC Website
Browse       Search
Docusign Envelope ID:67ADOF44-02C2-4953-B595-13B4C7134235 <br /> • Submitted data previously during informal appeal process. Additional property recently sold <br /> for$1,000,000; 102 Newell Street in Southern Village,2 blocks from our home. 4 bedrooms,4 <br /> baths 3,543 square feet, more interior updates than our home. <br /> Evidence submitted by the county representative: <br /> • The subject property is located in NBC 7582 at 201 Graylyn Drive. It was constructed in 1999 <br /> and contains approximately 3,868 square feet of living area. <br /> • The appellant submitted several comparable sales for review. Comparable 102 Newell Street is <br /> a 2025 sale and therefore cannot be considered in this valuation process. From the informal <br /> appeal, two comparables102 Graylyn Drive and 216 Glenhaven Drive—are located within <br /> the same neighborhood(NBC 7582,base land rate$450,000)but are each approximately 5,000 <br /> square feet in size,making them significantly larger than the subject property. The remaining <br /> three comparables, 800 Highgrove Drive, 214 Glade Street, and 506 Parkview Crescent, are <br /> located in NBC 7584,which carries a lower base land rate of$400,000, and therefore represent <br /> a different market segment. <br /> • To better assess equity and market alignment,the County conducted an analysis of similarly <br /> sized properties within NBC 7582. The results indicate that the subject property's current <br /> assessment is consistent with neighborhood market data, though it does not account for the <br /> floodplain located at the rear of the property. Accordingly,the County recommends applying a <br /> -10%land adjustment to account for this condition. This results in a revised total property <br /> value of$1,192,900. <br /> • Analysis <br /> • Maps <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Aerial <br /> • Photo <br /> Motion of the Board Accept Coun 's Proposed Value: $1,192,900 <br /> Made the motion Saru Salvi <br /> Seconded the motion Barbara Levine <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Donny Walker Appellant if different <br /> Property Address 4618 Arrowhead Trail Parcel ID or Abstract 19857863173 <br /> Statement of Appeal: Request reduction in value based on price per square foot increase and comparable <br /> properties. <br /> Current Assessed Value $755,800 County Opinion $675,800 <br /> Time of Hearing 10:27 AM Appellant Opinion $610,000 <br />