Orange County NC Website
Docusign Envelope ID: 117A6550-B7C8-4C77-A70C-OA4FC234B28B <br /> 3. SALES ANALYSIS: PIN 9857636847 is the only recent sale of an unimproved lot on Lake <br /> Orange. This property sold for$250,000 in 2023 and is considered lakeftont with a+200% <br /> adjustment. The sale price per acre was $271,739. The subject property is valued at$176,417 <br /> per acre. <br /> • No change in value is recommended. <br /> 1. Appellant evidence <br /> 2. Overhead photo of subject <br /> 3. Overhead photo of appellant's comparable <br /> 4. County sales and equity analysis <br /> 5. Current(proposed)property record <br /> Motion of the Board Value Changed as Follows: $158,800 -25% flood lain <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 Charles Bailey Appellant(if different <br /> Property Address 204 Brownville Avenue Parcel ID or Abstract 19864469485 <br /> Statement of Appeal: Request reduction in value based on home size and condition. <br /> Current Assessed Value $208,400 County Opinion $208,400 <br /> Time of Hearin 3:50 PM Appellant Opinion $160,000 <br /> County Representative C le Anderson Board Decision $208,400 <br /> Evidence submitted by the appellant: <br /> • The appellant states: <br /> "The low range according to your records is 152,000 which is exactly where a 2-bedroom, one <br /> small bath house would fit insofar as a sales range. This is an older house...This is only an 800 <br /> sq foot home, in a rather run down area of town,with an extremely small bathroom,with only <br /> two bedrooms, a living room and kitchen. It was purchased by me in 2018 for 134, 500.00. <br /> According to your own records its market value as early as 2014 is in that range. To say that <br /> the market value has risen 73,9000 in less than two years cannot be accurate." <br /> Evidence submitted by the county representative: <br /> • The subject property is a 0.25-acre tract improved with an 800 square foot single-family <br /> dwelling located at 204 Brownville Avenue in Hillsborough. The appellant states that the <br /> dwelling is small and located in a run-down area of downtown Hillsborough and notes that the <br /> subject property was purchased in 2018 for$134,500.No supporting documentation was <br /> provided with this appeal. <br /> • County staff reviewed the subject property and a sales analysis consisting of one improved lot <br /> and one vacant lot. After inspection and review, and in the absence of supporting <br /> documentation, County staff recommends no change to the current assessed value of$208,400. <br /> • Photo of Subject <br />