es 97 NOTICE TO PROPERTY OWNER OF FINAL
: DECISION OF BOARD OF ASSESSMENT APPEALS
—_ aperoteas Setioaiet
even
—_— — -2022_0103 9009
tesa aaa enue
‘Natcss hereby given in Bxordance with Kentucky Revlzed Statute 131-340 oe fina dcston ofthe Board of
‘Assessment Appeal In your Raal sate Arsesmcat fr the Jar 2017.Jove ayaa Aste In
The chorge, LC and Anchorage Pcs, LLC
420 Went rat net Sta Far
Fo tembe: 22077
Des Hr Somme,
In accorsance wih your quest | hve appraised ne ea propery at
204 Evegeen Road
socnerape KY 40223
‘The purpose ovis spre to develop an opinion oe mast valu of the sujet ope, as improved.
‘The property ihe appraised ave he fe simple interest in he site and improvements,
In my opinion, be mete value of he property 2s of Janey 1, 2017
2.150000
“wo Mif]on On Hundred Pty Thousand Dotars
data forthe conclusions.
‘The attaches report contains the description, analysis and support
final opinion of vale, descriptive photographs, liming condions and eppropiatecertific‘Boroner NA ADDENDUM.
pepsin Stag
Sa ee Pe pe
The.
-Avchorage, LLC a Anchortg Poca LIC
‘Summary of Appraisal Resuits
804 Evergreen Road, Anchorage, KY 40223
Problem To Be Solved: The clients requested the subject property be eppraised as of the statutory date of assessme
01/01/2017 when itcontained 19 acres, and on the date of sale 031082017 when contained 10 acres. The folown
‘breakdown illustrates the impact ofthe 2017 Minor Plat and the division of the larger parcel into three separate parce
the resuiting value ofthe subject property. All improvements were retained on the carved out 10 acre parcel, none Ww
transferred to the other tracts
nO -ogoani7
vez 81,15, 00. (Waar) $7500 (155)
improvements 3101500 1016000
otal Value $2150, 0, 31540000Lend Sales Table 2
Sei Be ses See isl
Saab c
eae ans ho errs
Tara
‘Tako wearin | eioOTangview ch] Soa Na arr | 19605 OU awravas A
ara F500 op oo Fs
on, dace Saas Tena Tareas
[PasPeae | Sersenncs —Pseanance sammhae EROTIC
In conclusion, itis the appraiser's opinion thei sabity
jee’ opinion the highest bes use ofthe subject 19 aes produces ts maximum pro
rth vision, The 3 are front twas judged the most valuable, npr ot leaboral properties, 08d Frontage lack of
{sement encumbrance and scenic pond feaure, The 10 ares retained for he hisorc house allows for he privacy nd
Fetention ofthe histone favor ard aura ofthe home The 6 acre ove at he rea ofthe orginal vac may yield a single
bldg lot, sven its proximity characteris, butte tract was acualy taken by sn ajoing land ownet fr some Ae
so-nol pat of this assignment. The nal vale of the dvidd parcels 3 ares 420,00, 6 acres-$270,000, and 10
‘cres-$575,000 for a grand total of $1 135.000
Commun on Sle Comparison
‘The sales comparson approsch produces a value indication by comparing the propery being praised to similar proper |
that have sold recent, applying appropriate Uns of comparison and maxing ajutments fo te sle prices ofthe
‘comparables based on elements of comparison. In adon fo cose sales, the appraiser has considered active and
pending listings inthe subject market area. An important concep inthe sais comgarion mathod ithe theory of
Eabatition, whic hold that the value ofa propor tends tobe se by the price that would be pld to acquire = substitute
Property of simlor desirably. The sales selected for is enalysis were judged reasonable measures of value for his
‘market.
“The appraisers selection of sales included the search for comparables within a 17 mie radi, and preference given to
Fee eee ermiar age and quelty of constuction, The sales slecod are located inthe subject's general area and were
[idged reasonable measures of vale forthe market
IR ss sara, pirgensmnovorarnnraeraoed
‘sprang olin af ea si obese
Eavebpe estar ncaa nonce een ones
heey Sai tes enone ncaa cota arene ema eat
fits the subject property and is attributes.