Orange County NC Website
Docusign Envelope ID: DDD996A4-9AEB-4186-AE75-797CE2829130 <br /> 2. AGE: The residence was built in 2010 and currently has an effective year built of 2014. No <br /> change to effective year built is recommended. <br /> 3. CONDITION: The property is in Average condition.No change to condition is <br /> recommended. <br /> 4. SALES ANALYSIS: The county performed an analysis of four sales of nearby townhouses. <br /> The analysis shows a median sale price per square foot of$285. The subject property is <br /> currently valued at$272 per square foot. <br /> • Based on the sales analysis,no change in value is recommended. <br /> • Appellant letter to the board <br /> • Photos of Subject <br /> • County sales analysis <br /> • Current Property Record Card <br /> Motion of the Board Accept Count 's Proposed Value: $359,300 No Change in Value <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner William M. Weidemaier Appellant(if different <br /> Property Address 601 West Rosemary Parcel ID or Abstract 9788066395.058 <br /> Street, Unit 416 :t <br /> Statement of Appeal: Request reduction in value based on incorrect square footage, price per square <br /> foot, and comparable properties. <br /> Current Assessed Value $689,600 County Opinion $689,600 <br /> Time of Hearin 9:19AM Appellant Opinion $561,115 <br /> County Representative Scott Zeman Board Decision $689,600 <br /> Evidence submitted by the appellant: <br /> • Please see attached for details. In brief,the 2025 assessment values the subject property at <br /> $537.07 per square foot. As documented in the attached materials,this is excessive for two <br /> reasons. First,the county overestimates finished square footage by roughly 7-9%. Second,the <br /> assessment treats Unit 416 inequitably and uniquely, seemingly in violation of basic appraisal <br /> principles and the county's own appraisal practices,by assigning it a higher per-square-foot <br /> valuation than nearly identical smaller units. Relative to a nearly identical comparable, and <br /> adjusted for the correct square footage, an appropriate valuation is roughly$561,115. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 1,284-square foot condominium in Greenbridge Condominiums. The <br /> property was reviewed by Tanner Valuation Group. <br /> • Appraiser observations and recommendations: <br />