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Finding of fact for petition number 2023-068 <br />List of Property Appraiser's witnesses and exhibits <br />Christie Noonan, representing the Property Appraiser's Office, appeared in:person <br />The evidence submitted by the Property Appraiser (PA) included 3 submittals. - The <br />16 page submittal included an information request letter; information regarding <br />Exchange of Evidence and Florida Statute 193.011 a. sales chart with he subject: <br />and 4 comparable sales, a floor plan layout: of the building, an aerial showing, the <br />location of the sales and the subject, and the property record cards for the subject <br />and comparable sales. The 2 other submittals were an email and a letter requesting <br />the evidence to be presented at the hearing <br />The above evidence was in Axia and was admitted in to evidence at the hearing. <br />List of Petitioner's witnesses and exhibits*, <br />Jim Kusko, the property owner, appeared by Zoom. <br />The petitioner did not submit any information or evidence in to Axia. <br />Overview of the. Subject Property: <br />The subject property is a condominium located at 400 Beach Road, Unit 202 in <br />Indian River Shores, FL; The subject's building.was built in 1972 and contains 116 <br />units. The subject unit contains 590 square feet (SF) of air-conditioned area (base <br />area). The unit does not have:a balcony and=has no water view: <br />i <br />Summary of evidence presented by _the property appraiser: <br />The PA established the just value_ for the property :at $465: 50 or $989 SF:: . <br />The PA presented four (4) comparable sales of units in1he subject's building. All <br />of the units contain 590 SF. The comparables sold in the ranged from $545 -000 to <br />$1,225,000 or from $924 SF.to $1.885: SF. Two of the sales were oceanfront unit <br />and were not considered comparable to the subject): The two -+ether sales were <br />( ra <br />p .. b j )� <br />interior units and sold from $924 SF to $935 SF. (The average sale price of the 2 <br />comparable -sales was $950 SF.) These two. units did have balconies. Na <br />.... <br />adjustments were applied. to the comparable -sales. A preliminary value estimate for <br />.... .... <br />Page 1 <br />2023-068 _9 _ Page 2:of 4 <br />