Laserfiche WebLink
Findings of Fact for Petition 2024- <br /> The Petitioner's Agent, with :., attended the hearing via telephone.Valentina .and <br /> Michelle were present at the hearing representing the Property Appraisers office. <br /> As per testimony,the evidence exchange complied with statutory time frame requirements.No objections by either <br /> party were made related to data submittal. <br /> The subject is located in a highrise condo building in The Summit Condo.The subject is located in the north building. <br /> The subject has 2 bedrooms and 2 bathrooms.The subject is an interior unit on the 18th floor and has an unobstructed <br /> northerly view of the intracoastal/city/ocean view.The subject has 1,570 adjusted building square footage and was <br /> built in 1982. <br /> The subject's project has 2 buildings.There is a north building and a south building. The subject is located in the north <br /> building. <br /> The Property Appraiser provided the Broward county property appraiser's certification of evidence, Subject's property <br /> record card,Aerial views of subject, Subject's location map,Exterior photos of subject,North tower and south tower <br /> unit building layouts,Floorplans for"C" units and"D" units, Subject and comparable unit locator, Summary of 4 <br /> comparable sales, Summary of 2 comparable sales,Department of Revenue's Broward county time trend,DR-493, <br /> Florida Statutes and misc. information. <br /> The Property Appraiser provided as rebuttal evidence a Summary of 5 comparable sales with the Property Appraiser's <br /> sales and the Petitioner's unit 4105 sale added. <br /> The Property Appraiser utilized 4 comparable sales in the subject's project.The Property Appraiser's comparables are <br /> the same model as the subject. Comparable#1 is located in the same building as the subject,but is on a much lower <br /> floor than the subject and is not the bestsale to indicate the subject's value. Comparable#2 is located in the subject's <br /> building on the 10th floor and has a north view like the subject and is a good indicator of value. Comparable#3 is <br /> located in the south building and is on a much lower floor than the subject and is not the best sale to indicate the <br /> subject's value. Comparable#4 is located in the south building on the 19th floor,has a similar view as the subject and <br /> is a good indicator of value. Out of the 4 comparables sales that the Property Appraiser's provided,comparables#2 and <br /> #4 should be utilized to determine the subject's value as they are the most similar to the subject. <br /> The Property Appraiser stated the floor height adjustment also included a view adjustment. <br /> The Petitioner provided as evidence the Ownwell cover page,Property summary, Property photos,Evaluation <br /> summary, 7 Sales comparables,7 Adjusted sales comparables and Comparable map. <br /> The Petitioner provided 7 comparable sales in the subject's project.The Petitioner's comparables#1,#2,#3,#4 and#6 <br /> are the same model as the subject. Comparables#1 and#3 have obstructed views and are not the best sales to indicate <br /> the subject's value. Comparable#2 is located on the 20th floor in the subject's building,has a similar northern view as <br /> the subject and is a good indicator of value, Comparable#4 is located on a much lower floor than the subject and is not <br /> the best sale to indicate the subject's value. Comparable#5 is a corner unit with a direct intracoastal/city/ocean view <br /> and is larger in adjusted building square feet than the subject and is not the best sale to indicate the subject's value. <br /> Comparable#6 is shared with the Property Appraiser. Comparable#6 is located on the 19th floor in the south building <br /> and has a similar view as the subject and is a good indicator of value. Comparable#7 is a corner unit with a direct <br /> intracoastal/city/ocean view and is larger in adjusted building square feet than the subject and is not the best sale to <br /> indicate the subject's value. Out of the 7 comparables sales that the Petitioner provided,comparables#2 and#6 should <br /> ae utilized to determine the subject's value as they are the most similar to the subject. <br /> [he Property Appraiser's comparable sales#2 and#4 and the Petitioner's comparables#2 and#6 are the best overall <br /> ;ales to determine the subject's value as they are the same model as the subject,most similar in floor height and have a <br /> similar view as the subject. <br /> [he Property Appraiser did not adjust the comparable sales in the market grid for cost of sale.The Property Appraiser <br /> lid apply the cost of sale in their evidence and testimony at the hearing.The Property Appraiser took into <br /> :onsiderration the 10%for cost of sale in the summary of comparable sales.The subject's cost of sale of 10%for the <br /> ubject's use code was found on the DR-493 form provided as evidence by the Property Appraiser. <br /> -57- <br /> 2024 Page 2 of 4 <br />