02. Abatement application for Wade and Elizabeth Berreth

Berreth Residence 1488 SHAWNAS PL S Parcel Number: 01-8489-00300-000 Owner: Wade and Elizabeth Berreth Information provided above is a summary of the analysis conducted. Full analysis is provided in the Assessment Department’s work file. /////////////////////////////////////////////////////////////////////////// Appeal of Assessment for Year: 2023 Name of Applicant: Wade and Elizabeth Berreth 2023 True & Full Value 1,323,300 $403 / sf Applicants Requested Value(s) 880,656 $268 / sf - 33.5% Sale Price (07/2016) 800,000 $243 / sf General Property Information Property Type Single Family Dwelling Year Built 2016 Building Story Height Two Story Total Living Area (Above Grade) 3,287 sf 6 Beds / 4.5 Baths Staff Recommendation 1,239,200 $377 / sf -84,100 -6.35% Summary Appellant appealed the 2023 true and full value on March 22, 2023 and a staff appraiser physically reviewed the property on April 11. The appellant did not respond in time to attend the local Boards of Equalization. He was told to appeal to the county. The appellant was sent information on comparable sales and a market approach to value. The value was re-appraised for the 2023 tax year. The value was increased for 2023 due to market conditions. The owner filed the abatement in February of 2024. The appellant is concerned about the large increase in a single year, and feels that the home is similar to the neighboring homes. However, upon review, we found that the house is the only excellent grade house on the block. Grade has to with the quality of the construction materials, workmanship, and design of the home. The neighboring houses are mostly very good grade or less. So, we cannot use the houses that are directly adjacent for comparison, without having to make larger adjustments. We strive to compare apples-to-apples for more accuracy in valuation. The following homes are deemed most comparable to the subject. While we agree that the subject’s 2023 value was over-stated, we think that the sales support a value higher than the requested value. Comparable sales range from $335/SF to $401/SF, with the median sales price at $362/SF. The new proposed value would come higher slightly higher than that, and is supported overall, by the sales range. Comparably assessed properties range from $321/SF to $426/SF, with a median of $352/SF, which supports the proposed new value. Comparable Sales Summary Address Map Zone Year Built Size Style Beds Baths Garage Stalls Sale Date Sale Price (with SPUN) Price $/SF 6217 31 ST S Maple Valley 2018 3055 2 Story 6 3.5 3 Stall / Att 15-Feb-19 $1,023,700 $335 3589 GRANDWOOD DR N Longfellow 2017 2927 2 Story 5 4.5 3 Stall / Att 18-Jun-21 $980,100 $335 4763 TALLGRASS CV S Osgood High 2022 3326 2 Story 6 4.5 3 Stall / Att 28-Oct-22 $1,202,600 $362 6049 PRAIRIE GROVE CT S Maple Valley High 2020 3474 2 Story 7 4.5 4 Stall / Att 22-Jan-21 $1,370,100 $394 6059 PRAIRIE GROVE CT S Maple Valley 2018 3501 2 Story 6 5 3 Stall / Att 15-Jul-21 $1,404,100 $401 Median $362 Average $365 Subject Davies 2016 3287 2 Story 6 4.5 3 Stall/Att Proposed $1,239,200 $377