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<br />BOARD OF EQUALIZATION MINUTES - DECEMBER 5, 2000 <br /> <br />Page 2 <br /> <br />Mr. Westerman stated that this property was revalued in 1999. At that time this parcel was listed for sale at $64,350. <br />He noted that the property sold 20 years prior for $37,000. He agrees that the lot is very steep which he also noted <br />on the field sheet during his inspection. The property value was given a 25% reduction due to the topography and <br />site view. If the property is ever developed this adjustment will be removed. The current assessment of $53,000 was <br />based on all the factors stated above. <br /> <br />Hearing no further testimony Chairman Marlow closed the hearing. The Board will review all the information <br />submitted, conduct a physical inspection of the property and make a determination at a later date. <br /> <br />Philip & Star Fleckman <br />5041 Ivanhoe Pl. NE <br />Seattle, W A 98105 <br /> <br />BOE: 00-98-R <br /> <br />PN: 701344015 <br /> <br />Mr. Fleckman was present. Appraiser Peter Schuck represented the Assessor's office. After explaining the hearing <br />process Chairman Marlow swore them in. The property under appeal is located in the Dabob Cove Tracts at 626 <br />Beach Drive, Quilcene. The recent revaluation indicates a surprising increase of approximately $60,000 which Mr. <br />Fleckman feels is overrated. This area and his property suffered severe damage due to land slides over the past few <br />years. The appellants have spent approximately $100,000 to move their house back a few hundred feet from the <br />sloping slide area. They were told by a geotechnical engineer that if they moved their house it would be less likely <br />to sustain damage in the event of future land slides. Mr. Fleckman presented an appraisal of the property which <br />indicates a value of $95,000 based on the house being moved. The adjacent property recently sold for $65,000 and it <br />consists of approximately twice as much acreage as the appellant's property which has a land value of $73,750. Mr. <br />Fleckman believes the current total assessment of $153,850 ($73,750 for the land and $80,100 for the improvements) <br />is too high and should be reduced to reflect the appraisal value of $95,000. <br /> <br />Mr. Schuck stated that this property was equalized last year by the Board with other properties in the Dabob Cove <br />Tracts. The revaluation of this property was initiated when Mr. Fleckman got a permit to move the house. He noted <br />that in addition to moving the house, a very large deck had been added. Mr. Schuck explained that since the house <br />was relocated on the property, the reduction in value previously given for the effects of the land slide was removed. <br />The valuation increase reflects the removal of that adjustment as well as the value of the deck which was added. <br />Mr. Schuck stated that appraisals are subjective. The main comparable properties listed in the appraisal submitted <br />by the appellant are located on Bainbridge Island. Mr. Schuck then reviewed and discussed sales of other properties <br />affected by land slides which he used in support of the current assessment. The appellants purchased the property <br />prior to the land slides for $235,000 in 1994. Mr. Schuck noted that even given the stigma of the property due to the <br />land slides, the current assessment is still considerably less than the appellant's purchase price. <br /> <br />Mr. Fleckman stated that the comparable sales used by the Assessor to determine the valuation are mostly waterfront <br />properties. His property is not waterfront and he does not believe that he can sell his property for the current <br />assessment. <br /> <br />Hearing no further testimony Chairman Marlow closed the hearing. The Board will review all the information <br />submitted, conduct a physical inspection of the property and make a determination at a later date. <br />