Orange County NC Website
Docusign Envelope ID:ADED06F5-BFB5-43BF-87F1-32AB8A5DEDDF <br /> Statement of Appeal: Request reduction in value based on actual income and market proforma. <br /> Current Assessed Value $8,645,700 County Opinion $8,645,700 <br /> Time of Hearin 9:21 AM Appellant Opinion $5,981,400 <br /> County Representative Roger Gunn Board Decision $8,645,700 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a lower valuation based on actual income and market proforma. <br /> Evidence submitted by the county representative: <br /> • Based on the attached detailed Commercial Appraiser Consultant's Analysis,the current value <br /> of the subject is well supported by comparable sales and the income approach and no <br /> adjustment in value can be supported. As a result,the County is recommending no change to <br /> the current assessed value. <br /> • GIS Map of Subject <br /> • Current Property Record Card(2 pages) <br /> • Comparable Sales and Income Approach <br /> • Commercial Appraiser Consultant's Analysis <br /> Motion of the Board Accept County's Proposed Value: $8,645,700 No change in value <br /> Made the motion Richal Vanhook <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner BRI 1013 Oakwood Street Appellant(if different) Morgan Fowler/Ryan <br /> Ext LLC LLC <br /> Property Address 1 1013 Oakwood Street Parcel ID or Abstract 9824480329 <br /> • Statement of Appeal: Request reduction in value based on a market proforma and the April 2022 <br /> sales price of$4,950,000. <br /> Current Assessed Value $5,428,500 ounty Opinion $5,265,700 <br /> Time of Hearin 9:47 AM Appellant Opinion $5,000,000 <br /> County Representative Roger Gunn Board Decision $5,265,700 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a lower valuation based on a market proforma and the April 2022 <br /> sales price of$4,950,000. <br /> 3 <br />