Orange County NC Website
Docusign Envelope ID: F69F6FC6-EFB7-4BA4-AC17-3EC64A01A42C <br /> • The subject is a 31,363 square foot lot that is zoned General Commercial and is currently <br /> improved with a 1937 residence containing 833 square feet.The subject is listed in Poor <br /> condition and has additional depreciation of 90%to account for the current residential <br /> improvements having little contribution to value for the commercially zoned property.The <br /> property was listed for sale in February 2021 by Century 21 for$275,000 but was not on the <br /> market as of January 1, 2025. <br /> • Based on an exterior inspection,the County recommends applying an additional -10% for a <br /> sharp slope on the east side of the property for a total land market adjustment of-57%. <br /> • The recommended adjustment would reduce the land value from$236,900 to $192,200 and the <br /> overall value from$239,600 to$194,900. <br /> • Photo <br /> • GIS Map <br /> • Zoning Map of Subject <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept County's Proposed Value: $194,900 <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 Susan Taylor Dean A ellant if different <br /> Property Address 519 Cornelius Street I Parcel ID or Abstract 19865701775 <br /> • Statement of Appeal: Request reduction in value based on an unidentifiable home selling for <br /> $150,000 and because the home is in a"low-income area" and "needs extensive remodel and <br /> landscaping." <br /> Current Assessed Value $289,000 ounty Opinion $287,600 <br /> Time of Hearin 2:04 PM Appellant Opinion $165,000 <br /> County Representative Roger Gunn Board Decision $287,600 <br /> Evidence submitted by the appellant: <br /> • ** The appellant submitted two appeals, one for PIN 9865701775 and one for PIN <br /> 9865703715. Based on the information contained on the appeal forms, it is apparent the <br /> appellant confused the properties on the forms,placing appeal information for 519 Cornelius <br /> Street on the appeal form for PIN 9865703715 and placing appeal information for 511 <br /> Cornelius Street on the appeal form for PIN 9865701775. <br />