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Findings of Fact for Petition 2021-00418:
<br />Findings of Facts for Petition 2021-00418
<br />Present in the hearing room were Jay Skaggs and Beba Sheehy from the Hillsborough County Property Appraiser's
<br />Office (HCPA) and Petitioner (PET) Michael Lamont. This is a portability hearing.
<br />14C Evidence:
<br />Subject is a Single -Family Residence (SFR) located at 11670 Renaissance View Court in Tampa 33626. Subject is
<br />located in the Mandolin Estates area, Subject was originally constructed in 2001 and has an Effective Year built of
<br />2011. Subject has 3,658 square feet of heated arca with (4) bedrooms and (4.5) bathrooms. Land size is 11,833 SF
<br />(75.85 x 156). Subject has a 2 -Story design and Masonry construction. Subject Quality rating is 5 -Good.
<br />2021 CAMA/Just Value is $572,987; Assessed Value is $426,333 and Taxable Value is $376,333. CAMA/Just Value
<br />consist of Building Value- $408,343; Extra Feature Value -$37,846 and Land Value- $126,798. Extra Feature Value
<br />totals $37,846 and consists of (1) Fireplace- $4,846; Pool- $29,904 and Concrete pavers- $3,096. TRIM Value is
<br />$579,661. There is a New Value After Changes. New TRIM Value is $572,987. TRIM reduction was based on the
<br />disparity in land size between subject and neighboring properties. TRIM reduction given to properties similar to the
<br />subject that are located on larger lots, which results in a downward adjustment of 5% for Land Value.
<br />Sales Comparison Approach is developed to support HCPA's Market/Just Value. There arc (4) Comparables provided
<br />in the Comparable Sales grid.
<br />Adjustments applied are Date of Sales , Land Value, Heated Area, Baths, Garage Value, Porch Value, Patio Value, Pool
<br />Value, Fireplace Value and Remaining Extra Features.
<br />Bathroom Adjustment is $3,000 per full Bathroom and $1,500 per .5 -Bathroom
<br />Other Value adjustments are based on an established % of the Comparables Sales Price used by PA.
<br />Comparable Sale 1 is located at 11405 Minaret Drive in Tampa. Sale I was built in 2001 and has an Effective Year
<br />Built of 2011. Sale 1 has 3,372 square feet of heated area with 3.5 bathrooms. Sale I sold on 4/3/2020 for $647,000 or
<br />$191.87 per SF. Sale I has a Good Quality Rating. Based on the differences between Subject and Sale 1, the Total Net
<br />Adjustment is +$69,492. After applying Total Net Adjustment, Sale 1 has an Adjusted Sale Price of $716,492.
<br />Comparable Sale 2 is located at 11307 Minaret Drive in Tampa. Sale 2 was built in 2001 and has an Effective Year
<br />Built of 2011. Sale 2 has 3,276 square feet of heated arca with 3 bathrooms. Sale 2 sold on 5/20/2020 for $615,000 or
<br />$187.73 per SF. Sale 2 has a Good Quality Rating. Based on the differences between Subject and Sale 2, the Total Net
<br />Adjustment is +$75,057. After applying Total Net Adjustment, Sale 2 has an Adjusted Sale Price of $687,045.
<br />Comparable Sale 3 is located at 11637 Renaissance View Court in Tampa. Sale 3 was built in 2001 and has an
<br />Effective Year Built of 2011. Sale 3 has a Good Quality Rating. Sale 3 has 4,500 square feet of heated area with 2.5
<br />bathrooms. Sale 3 sold on 9/9/2020 for $595,000 or $198.27 per SF. Based on the differences between Subject and
<br />Sale 3, the Total Net Adjustment is +$92,530. After applying Total Net Adjustment, Sale 3 has an Adjusted Sale Price
<br />of $687,530.
<br />Comparable Sale 4 is located at 11646 Renaissance View Court in Tampa. Sale 4 was built in 2002 and has an
<br />Effective Year Built of 2011. Sale 4 has a Good Quality Rating. Sale 4 has 3,078 square feet of heated arca with 2.5
<br />bathrooms. Sale 4 sold on 10/23/2020 for $595,000 or $193.31 per SF. Based on the differences between Subject and
<br />Sale 4, the Total Net Adjustment is +-$66,175. After applying Total Net Adjustment, Sale 4 has an Adjusted Sale Price
<br />of $661,175.
<br />HCPA Comparable sales reconciled to an Adjusted Sale Price of $682,264, which supports Markct/Just Value of
<br />$572,987
<br />HCPA provided 19 -pages of evidence that includes: Subject's Property Record Card; Subject's 2021 Notice of
<br />Proposed Property Taxes ; 2021 Hillsborough County Property Appraiser's Office Opening Statement; Hillsborough
<br />County Property Appraiser's Certification of Evidence; Comparable Sales grid; Aerial Map and Hillsborough County
<br />Property Appraisal- Mass Appraisal Report. The Hillsborough County Property Appraiser's evidence is Admissible,
<br />Relevant and Credible.
<br />Petitioner (PET) Evidence:
<br />Subject's hearing is a Portability Hearing. PET submitted 109 -pages of evidence to support a Market Value increase.
<br />PET states subject was remodeled (6) years ago.
<br />Evidence includes subject's Exterior and Interior photos, Subject 2021 MLS Listing , (3) Sales Contract, Appraisal
<br />Report based on the Effective Date of 8/30/2021 and (5) additional properties that sold between 812020 and 812021. (1)
<br />of the (5) additional properties arc also Comparable Sale 1 in the Appraisal Report.
<br />2021 MLS #T3325162 reports Subject was listed on 8/20/2021 for $825,000 and entered into contract on 8/22/2021
<br />for $875,000. A Backup contract was submitted for $870,000. A 2nd backup was also submitted.
<br />Appraisal report was developed for the subject's 2021 Sale. provided for the purchase. Effective date and Inspection
<br />2021-00418 Page 2 of 6
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