2010-05-12 Handouts for Meeting - Laserfiche WebLink

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The subject is an above average quality two story home with 2410sf above grade. Amenities include: finished basement, 4 baths, triple garage, fireplace, walkout & stonework. There were two comparable properties which sold. The first, sold for 350,000 (qualified sale) was located at 6871 Beaver Pond Way, was a good quality two story home with 2218sf above grade, 3 baths, fireplace, triple garage & stonework. After a comparison of the subject property with this comparable, the value of the subject property is projected at 328,700. The second comparable which sold, was located at 1695 Lakeland Circle, sold for 358,900 and was a qualified sale. The house was a good quality modified two story home with 2202sf above grade, 3 baths, walkout, 4 season porch, triple garage, finished basement, fireplace & stonework. After a comparison of the subject property with this comparable, the value of the subject property is projected at 338,300. Therefore, it is my recommendation that no action be taken on this petition. David Georgi 7334 Brian Dr 14- 31 -22 -41 -0032 At the 4/28 meeting, Mr. Georgi was present to question the actual taxes paid by a number of properties in the City of Centerville. In discussing the value of Mr. Georgi's property, he felt the value is appropriate, but a recent appraisal done reflected an amount significantly less. In reviewing the comparables used by the appraiser, it was noted to Mr. Georgi that a number of the comparables were in fact foreclosure sales and that was the reason the appraisal was significantly less. I provided him three comparable qualified sales in the City to present to his appraiser. An on site inspection of the property was done to verify that information contained in the database is correct. Therefore, it is my recommendation that no action be taken on this petition.