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After adjustments the comparable sales indicated a range from a low of $916,950 to a high of $1,076,475. The PA testified that comparables 1 and 2 were the closes to the subject. The average of the six comparable sales was $991,213 or $330 SF. The PA testified that the indicated value, based on $330 SF is $1,146,090. The range of the comparable sales supported the PA's estimate of just value at $1,016,964. (The average sale price of the comparables did not support the just value.) The average sale price of $330 SF did support the PA's just value estimate of $293 SF (due to the majority of the comparable sales being smaller than the subj ect). Summary of evidence presented by the petitioner: The petitioner did not request a market (just) value for the property. The petitioner testified that the subject sold in 2024 but was listed in 2023. The property was originally listed in 2021 for $995,000 and sold for $840,000 in May 2021. In January 2022 the house was placed on the market for $1,300,000. The 2022 TRIM Notice reflected an increase in the assessed value to $1,131,049. In May 2022 the 2nd floor bath flooded the house. In August 2022 the property was listed for sale at $990,000 with the flooding damage and withdrawn after about one year on the market. In October 2023 the property went back on the market at $1,400,000, and was reduced several times over the next few months. At that time, the house was not totally remodeled. It had been gutted down to the studs in just the kitchen area and redone. The pictures (from the MLS) show the damage and remodeling. The house was on the market for 140 days before he purchased it. (There were 3 written contract and one verbal offer (for $700,000) made between January and February 2024. The first two written offers ranged from $1,000,000 to $1,050;000 (both with owner financing) that fell through (the buyers backed out). The petitioner, who was the listing realtor, purchased the property for $900,000, with owner financing, in March 2024. There was no commission paid on the purchase. The listing agreement had a commission of 4% if the listing agent represented both sides.) The petitioner testified that after he purchased the house there was only "punch out" items left to complete the renovation to the house. The petitioner testified that the house had a river view, but the construction of the house next door blocked the view. The petitioner testified that the house (the subject) has lower level fmishes compared to the comparables. 2024-155 Page 3 -68- Page 4 of 6