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invoice did not include all costs associated with Jeff Wilson Masonry Services portion of the work.The <br /> invoice indicated additional costs the owner at that time was responsible for that were not noted in the <br /> budget sheet: permit, dumpster for site, dumpster for concrete washout,power(electric cost on budget <br /> sheet do not show main feed costs)with the water costs appearing on the budget from Robert <br /> Scarborough Wells. The total budget of$163,111 is considered to be low for costs as of the Jan 1,2024 <br /> effective date. Plus these additional items which were not in the budget;cost of sand for septic(invoice <br /> indicated not included in price),material&labor for kitchen, bathrooms, interior walls etc that did not <br /> appear to be included in the budget.The kitchen, bathrooms,walls etc have value for functionality <br /> allowing for multiple different usages of the structure. <br /> The PAO and PET somewhat agree on the land values based on the location of the parcel with similar <br /> access dirt roads. The area where they disagree is with the additional structure value. <br /> PAO sale had a 420 sf open pole barn which has minimal value and is basically a large parcel with a tree <br /> farm. <br /> The PAO did provide a building value of$264,155 for sale 2 having a small living area of 1,140 sf,380 sf <br /> non-A and <br /> carport C barn area of 2,660 sf which is an older structure built in 2011. <br /> p non-A/C <br /> byboth parties.The SM concurs on the low side with the PAO land <br /> The SM reviewed the data <br /> P <br /> value portion of the assessment at$219,300.The structure value prior to the hearing of$423,318 <br /> appears high as the dwelling cannot be lived in as a typical home due to not meeting code for a full-time <br /> living dwelling. The building does have value being composed of a 1,600 sf garage/storage area and <br /> 4,800 sf of A/C enclosed semi-finished area.The construction costs provided a staring point for valuation <br /> for the structure(shell), partial electric/plumbing and A/C.The cost was from 2021 per invoice dates and <br /> would require modification to costs on the effective date.The SM also considered the finishings for the <br /> subject(kitchen,bathrooms, interior walls etc)and other construction costs not included in the budget <br /> when comparing to PAO sale 2 structure. <br /> PAO sale 2 building breakdown is noted to be 27%living-A/C area,9%carport and 64% barn/stable.The <br /> subject structure has 25%for the garage area and 75%for the A/C-enclosed area. These figures along <br /> with building budget costs were considered in the building valuation.Overall for all areas combined the <br /> subject is 33% larger in size and sale 2 A/C area is less than 25%of the subject A/C area. <br /> The subject incomplete building budget with a 20-25%cost increase,additional costs for construction <br /> items not included in the budget,finishings as mentioned previously and the full size of the structure is <br /> reasonably supported at a value of$300,000(approx$47 per sf x 6,400 sf). The building has significant <br /> value as it has a large area under A/C,which can be utilized for business/farm support purposes and the <br /> additional large garage area which has many uses. The SM considered the structure to have substantial <br /> value due to its overall size and utility(larger than typical garage area and 4,800 sf under A/C allowing <br /> for a myriad of usage other than living area (ag and other commercial use). Having electric and <br /> plumbing(well/septic) in place is a plus for further expanding on parcel improvements. <br /> - 80 - <br />