Orange County NC Website
Browse       Search
Docusign Envelope ID:5A461AB1-DAAO-4DE6-A842-FA1392OFF4F5 <br /> Motion of the Board Value Changed as Follows: $33,500,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Danville Park RE LLC Appellant(if different) Morgan Fowler/Ryan <br /> LLC <br /> Property Address 100 Patriots Pointe Drive Parcel ID or Abstract 9863496747 <br /> Statement of Appeal: Request reduction in value based on actual income and a market proforma income <br /> approach. <br /> Current Assessed Value $42,401,300 ounty Opinion $42,401,300 <br /> Time of Hearin 2:49PM Appellant Opinion $37,900,000 <br /> County Representative Roger Gunn Board Decision $42,401,300 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a lower valuation based on actual income and a market proforma <br /> income approach. <br /> Evidence submitted by the county representative: <br /> • The subject is a 240-unit apartment complex in Hillsborough known as Patriots Pointe <br /> Apartments that was constructed in 2004. <br /> • Based on the County's commercial appraiser consultant analysis attached,the County feels the <br /> current value of the subject is supported with no change in value recommended. <br /> • GIS Map of Subject <br /> • Current Property Record Card(22 pages) <br /> • Comparable Sales and Income Approach <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept Count 's Proposed Value: 1 $42,401,300 No Change in Value <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 /> 6 <br />