Orange County NC Website
Docusign Envelope ID:84157092-C2DE-402A-AE92-3A9DOF65AA54 <br /> • GIS Map <br /> • Photo of Subject <br /> Motion of the Board Accept Count 's Proposed Value: $218,300 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Gwynn M. Baldwin Et al Appellant(if different) Andrew Simpson <br /> Property Address 1 412 Knolls Street Parcel ID or Abstract 19788042564 <br /> Statement of Appeal: Request reduction in value based on condition/maintenance and comparable sales. <br /> Current Assessed Value $270,500 ounty Opinion $223,400 <br /> Time of Hearin 1:35PM Appellant Opinion $220,000 <br /> County Representative Jimmy Milliken Board Decision $223,400 <br /> Evidence submitted by the appellant: <br /> • I am appealing my 2025 property value based on several factors: condition/maintenance and <br /> comparable sales. <br /> • Hudson Vaughn was called as a witness and presented evidence on behalf of the appellant. <br /> Evidence submitted by the county representative: <br /> • Subject Property Overview: The subject property is located at 412 Knolls Street in NBC 7130. <br /> The home was built in 1942 and contains 898 square feet of living area. <br /> • Review of Submitted Documentation: County staff reviewed the information submitted with <br /> the appeal. The sale of 303 Knolls Street is considered a land sale,as the purchaser acquired <br /> the property for the underlying land value and subsequently demolished the improvement.As <br /> such, it does not provide market support for the value of improved residential properties in the <br /> neighborhood. <br /> • Property Record Adjustments <br /> o The subject property currently carries: <br /> ■ Fair condition rating <br /> ■ 20%additional physical depreciation <br /> • Based on the issues noted in the appeal and confirmed during review,the County recommends <br /> adding15%External Obsolescence(NEIGHB) and reducing the Effective Year Built(EYB) <br /> from 1975 to 1960. <br /> • Recommendation: With this adjustment,the 2025 assessed value will be reduced to$253,600. <br /> Therefore, the County recommends a revised valuation of$223,400. <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> 0 GIS Map <br />