Orange County NC Website
Docusign Envelope ID: DDD996A4-9AEB-4186-AE75-797CE2829130 <br /> • Square footage and year built is incorrect I have attached a copy of an estimated home value <br /> from my bank, State Employees' Credit Union. <br /> Evidence submitted by the county representative: <br /> • On November 19th,the subject property was visited by an appraiser. During this visit, the <br /> house was remeasured, and it was determined that it had been internally coded incorrectly as <br /> having a 50%finished second floor. Based on observations from the site visit and the attached <br /> photographs,the correct classification should be 50% finished attic space, and the effective <br /> year built should be adjusted to 1980. <br /> • A sales analysis for Neighborhood 7203 is attached, supporting the recommendation to correct <br /> the square footage and revise the effective year built.Although the comparable properties have <br /> greater square footage than the subject property,the neighborhood sales provided are more <br /> appropriate than selecting comparables of similar size located outside the neighborhood. This <br /> difference is evident in the land/lot values of the comparables used in the State Employees <br /> Credit Union report—e.g.,201 Alabama Ave. <br /> • Based on the information provided,the County recommends a new proposed value of <br /> $416,100. <br /> • Photos of Subject <br /> • Comparable Report <br /> • Sales Analysis Report 7203 <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Count 's Proposed Value: $416,100 <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 I Sam Barbee Hrs Appellant(if different) <br /> Property Address 1600 Nunn Street Parcel ID or Abstract 19788074485 <br /> Statement of Appeal: Request reduction in value based on development potential and perceived <br /> overvaluation of full-size Northside parcels. <br /> Current Assessed Value $165,000 ounty Opinion $110,000 <br /> Time of Hearin 9:35AM Appellant Opinion $60,000 <br /> County Representative Kelly Wells Board Decision $55,000 <br /> Evidence submitted by the appellant: <br /> • This lot has—1/3rd the normal Northside property's development potential. <br /> • Full-size lots in Northside were overvalued by the tax office by at least$75,000. <br />