2025_12_09 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: 167B6114-F2FE-40FE-B240-9F96B7861224 Property Owner Edward Philip Bala Keen Appellant(if different) Trustee Property Address 312 Burla e Circle Parcel ID or Abstract 9789724957 Statement of Appeal: Request a reduction in value based on comparable values and condition of home. Current Assessed Value $884,200 ounty Opinion $880,900 Time of Hearin 2:15PM Appellant Opinion $750,000 County Representative Bill Hiltbold Board Decision $880,900 Evidence submitted by the appellant: • Several homes in the neighborhood of comparable quality and size are valued at well below $800,000, including 343 Burlage Circle and 107 Meadowbrook Drive. We also know that the market has changed in the last several months and now homes are sitting on the market and not selling, so the 2024 prices are in many respects inflated. We have not done major improvements,no added square footage, and over time the condition of the home has depreciated as would be expected. Evidence submitted by the county representative: • The subject property is a single-family dwelling with a detached garage apartment. I visited the property and found Building 1 to be one foot shorter than sketched and there is a 52 square foot overhang on the back which I labeled LQ. These changes to Building 1 correct its living area to 2,962 square feet. Building 2, the garage apartment has a storage room on the right side which I added to the sketch and relabeled the second story area LQ (living area)over AG(garage). These changes raise the building value about$30,000. • There had been a storage building on the property which I removed from yard items. This lowers the yard item value$2,800. • It is difficult to compare properties with multiple dwellings on the lot with single family dwellings alone. I have highlighted in blue the 2 properties presented by the appellant as comparisons in the top section of the analysis report.Note that both are single dwellings on their lots as seen in the "Bldg Seq" column whereas the subject has 2 dwellings. I filtered the neighborhood for similar size buildings also graded B+10 as the subject and found 5 comparisons. They too are single dwelling properties as are all but 1 of the qualified sales in 2023 and 2024. For this appeal the County suggests focus on the median numbers. They are central value and not swayed by extremes as are averages. The subject is currently valued less than the medians of close comparisons in total value and well below the median sale price per square foot which may indicate undervaluation. However, sales are usually recently renovated whereas this property has deteriorated. If the Board accepts the recommended changes as well as a reduction of effective year built from 1998 to 1979, the building value would decrease by $500 to $480,900,the yard items value by$2,800 to $0, and total property value from $884,200 to $880,900. • Photo of Subject • GIS Map • Analysis Report • Current Property Record Card • Proposed Property Record Card Motion of the Board I Accept County's Proposed Value: $880,900