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From YouTube: Board of Equalization Hearing May 18, 2021
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A
Good
morning
today
is
tuesday
may
18th
2022
2021,
and
this
is
the
first
hearing
of
the
arlington
county
board
of
equalization
for
the
year.
The
first
case
on
the
agenda
is
rpc
rpc19055003,
the
property
located
at
19,
north
irving
street
and
miss
silva
mata
is
here
to
tell
us
about
her
case.
So,
ms
mata,
you
can
go
ahead
with
your
presentation.
B
B
B
B
B
It's
pershing
four
bedrooms.
Three
full
baths,
0.6
miles
from
the
metro,
north
morrow
beautiful
house,
also
bigger
than
mine,
very
short,
walking
distance
to
the
metro
station
restaurant
center.
So
point
three
miles.
We
all
know
our
location
is
decisive
in
the
price
of
a
real
estate
property.
Real
estate
professionals
are
always
saying
it's
all
about
the
location.
B
B
B
This
house
has
been
on
sale
for
some
time
now.
In
the
beginning,
the
price
he
asked
was
899
000..
They
didn't
receive
any
offers
so
weeks
ago
they
dropped
the
price
to
eight
hundred
seventy
four
thousand
nine
hundred
dollars.
This
is
almost
100
000
less
than
the
assessment
made
on
my
house
and
still
no
buyers.
B
B
A
Okay,
thank
you.
Speaking
for
the
county,
ms
churchill.
C
Yes,
good
morning,
my
name
is
nicole
churchill
and
I'm
a
residential
appraiser
here
with
arlington
county.
The
subject.
Property
is
the
two-story
brick
veneer,
vinyl,
siding
home
with
a
finished
basement,
three
bedrooms,
one
half
bath
the
year
built
of
1951
and
when
originally
looking
at
it,
it
was
a
effective
age
of
1971..
C
The
appellant
did
bring
up
3129
arlington
boulevard
as
a
property
that
we
needed
to
look
at.
That
was
significantly
less
than
her
property.
C
In
looking
at
everything,
it
was
very
similar,
the
biggest
difference
being
that
the
property
is
on
arlington
boulevard,
getting
a
10
adjustment
due
to
the
busy
land
study.
So
that
is
why
there's
a
significant
difference
in
the
one
that
they
brought
up
in
their
board
of
equalization
appeal
hold
on
one.
Second,
I'm
sorry,
the
four
comparables
that
we
submitted
are
all
a
little
bit
higher
in
value
due
to
being
larger
in
size.
C
The
first
one
127
north
garfield,
being
at
one
million
fifty
thousand
129
north
oakland-
is
at
one
million
one
hundred
thousand
north
north
pershing
is
a
slightly
lower
at
nine
hundred
and
eighty
five
and
then
the
last,
the
fourth
one
being
north
monroe
at
963.
But
all
four
properties
are
in
similar
distance
to
the
metro,
and
I
think
that
that
reflects
the
different
values
kind
of
reflect.
C
The
the
differences
and
sizes
in
the
finished
square
foot.
C
C
So
as
as
a
result
of
the
review,
we
are
asking
that
the
value
be
confirmed
due
to
that.
I
think
they're
all
very
similar
and
they're
all
the
same
distance
from
from
the
metro
station.
A
Okay,
thank
you,
questions
from
board
members,
but
first
before
I
I
say
that
because
I
can't
say
everybody
because
the
presentation
from
the
appellate
is
still
up
on
my
screen.
Can
we
take
that
down.
A
There
we
go.
Thank
you,
questions
from
board
members.
D
C
I
don't
know
if
she
touched
on
that
when
she
spoke
today,
but
when
she
had
submitted,
she
had
asked
us
to
look
at
that
one,
and
so
that's
why
I
looked
at
that
one
specifically.
So
the
main
difference
in
that
one,
it
really
is
very
similar,
except
for
the
fact
that
it
is
located
on
arlington
boulevard.
A
I
have
a
question:
miss
churchill
on
the
the
appellant
brought
up
the
issue
of
the
house
that
was
for
sale,
that's
very
similar.
It.
E
F
C
A
B
F
C
Okay,
sorry
about
that,
the
appellant's
neighborhood
507.060
increased
on
average
7.5
due
to
the
sales
during
the
analysis
period
and
the
appellant's
quality
appears
in
line
with
the
neighborhood.
The
property
was
inspected
in
2016.
C
B
At
the
the
location,
my
house
is
more
distant
from
metro
station
and
shopping
areas.
The
location
is
important
factor
and
the
I
want
to
to
thank
you
for
your
attention
and
the
opportunity.
I
still
have
to
reaffirm
that
the
house
is
there,
my
neighbor's
house
is
exactly
like
mine
and
they
don't
find
a
buyer
even
with
a
hundred
thousand
dollars
less
than
my
house.
A
A
G
Yeah,
I
think
it's
a
big
difference
that
there's
that
trail
there
versus
the
being
right
on
route
50.
I
mean
I
I
drive
by
that
location
almost
every
day
and
and
I
don't
see
a
huge
difference
in
the
you
know
the
desirability
of
one
house
versus
the
other,
so
the
other.
G
The
other
thing
I
just
noticed
is
it
looks
like
there
is
a
pending
sale
or
874
900
on
that
3129
property,
so
the
reduced
price-
I
don't
know
if
it's
the
sale
will
be
at
that
price,
but
it
was
on
the
market
for
a
while
and
and
and
now
it's
trading,
you
know
somewhere
below
874,
900
or.
G
They're,
both
very
nice-
I
mean
it
it
if
I
was
out
shopping
for
a
house
and
one
of
them
was
priced.
You
know
25
000
below
the
other,
I'd
snap
it
up.
I
mean
they're,
both
pretty
much
the
same
as
far
as
you
know,
you're
gonna
get
the
same
road
noise.
G
So
it's
not
like
one
is
a
half
a
mile
away
from
washington
or
arlington
boulevard.
I
don't
think
it's
worth
a
hundred
thousand
dollars.
D
Yeah
well,
I
normally
save
my
comments
for
the
end,
but
I'm
going
to
go
ahead
and
I'm
surprised
to
be
honest
that
the
difference
is
10
percent
adjustment
based
on
just
you
know
the
location
of
the
corner
based
on
what
I've
seen
happening
in
the
market.
I
don't
think
there's
really
that
much
difference.
You
know
what
people
are
going
to
pay
for
one
or
the
other,
especially
now
or
even
last
year.
D
So
I
think
that
yeah,
I
think,
there's
a
room
here
for
some
type
of
adjustment,
because
I
don't
think
you
know
that
difference
of
100
dollars
or
more
would
be
justifiable
just
because
the
one
is
next
door.
That
is
not
on
the
main
road.
D
H
H
The
land
is
worth
probably
what
it's
assessed
for
so
a
whole
lot
of
wiggle
room
in
the
improvement,
but
I'm
with
with
with
jose
that
those
two
houses
assessment
wise
need
to
be
closer
together.
We
just
don't
have
a
hundred
thousand
dollars
of
improvement
to
give
on
this,
the
subject
house,
but
I
would
like
to
edge
it
down
in
some
fashion
that
makes
some
sense
again
based
on
equalization
of
neighbors
and
not
on
sales
situations.
Current
sales.
F
D
Well,
to
be
honest,
the
only
thing
that
I
can
tie
it
to
is
to
based
on
the
property.
That
is
right
now,
the
one
that
we're
talking
about.
I
know
the
assessment
of
that
is
856,
something
eight,
fifty
six,
nine.
I
think
I'm
trying
to
see
what
exactly
the
number
is.
Eight.
G
A
A
A
G
The
land,
let
me
see
hello,
725,
400.,.
A
A
G
I
don't
think
I
had
that
I
don't
have
the
full
property
card.
Okay,.
C
D
Yeah
I
mean
I
would
I
would
go
with
the
greg's
suggestion
at
this
point.
I
know
the
market
is
a
little
bit
up
and
down-
or
I
mean
it's
been
fluctuating
a
lot
from
last
year
to
this
year,
especially
with
the
new
demand,
but
based
on
that
information,
I
would
think
that
I'll
be
okay
with
that.
D
A
A
A
second
okay:
we
have
a
motion
in
a
second
I'm
mary
hogan,
all
in
favor
aye
opposed
okay,
five
to
one.
The
assessment
has
been
reduced
back
to
last
year's
assessment
of
897
100.
B
A
E
Okay
thanks
so
much
for
everyone's
time.
I
appreciate
it
so
the
assessed
value
of
the
property
I
believe,
came
in
at
1.564
million
dollars
and
that's
significantly
above
both
the
sale
price
of
the
property
of
1.33
million
dollars
and
probably
even
more
substantially
above
the
success
of
that.
E
Also,
every
one
of
the
arlington
comps
had
an
assessed
value
substantially
below
the
sale
price.
On
average,
the
assessed
value
is
just
over.
Ninety
percent
of
the
sale
price.
Applying
a
similar
discount
to
our
sale
price
would
suggest
an
assessed
value
of
1.2
million
dollars,
obviously
very
very
different
than
the
assessed
value
that
came
through.
E
E
E
Okay-
and
that's
that's-
probably
the
the
crux
of
the
analysis,
but
a
few
things
I
just
wanted
to
point
out,
but
before
we
move
on,
the
property
was
of
course
not
purchased
in
arm's
length,
transaction
between
unaffiliated
parties,
the
the
property
spent
more
than
an
adequate
amount
of
time
on
the
market.
E
E
So
I
I
think,
there's
every
reason
to
believe
that
that
sale
price
probably
represents
something
pretty
close
to
what
the
market
value
was
of
additional
mode.
If
it's
helpful
actually
went
through
several
rounds
of
negotiation
with
the
sellers,
they
in
fact
had
rejected
our
final
offer
initially
and
said
they
wanted
to
again
try
to
find
higher
value
that
they
thought
they
could
get
when
they
couldn't
obtain
higher
value.
They
that
came
back
to
us
and
we
eventually
purchased
the
property.
E
Well,
one
last
or
I
guess
two
two
last
items
to
discuss,
and
I
think
they
may
be
a
particular
relevance.
The
the
first
is
that
we,
like
many
many
folks,
were
initially
attracted
to
the
property
because
it
did
have
a
relatively
large
square
footage
for
the
space
delivers
good
price.
E
I
think,
like
a
lot
of
other
perspective
buyers
when
we
get
when
we
got
inside
the
property,
if
reality
was
maybe
less
less
appealing
than
the
pictures
that
were
presented
online,
appreciate,
that's
a
lot,
but
what
you
guys
see
as
well,
some
of
that's
hard
to
demonstrate
other
than
to
say
just
a
lot
of
the
construction
quality
is
fantastic
throughout
need.
We
need
some
design
changes
when
you
start
to
add
up
all
the
things
you
want
to.
You
want
to
fix
it.
It
ends
up
being
a
pretty
expensive
process.
E
E
Well,
one
item
that
I
think
is
particularly
indicative,
and
this
is
the
property
actually
next
door,
which
is,
by
the
same,
was
owned
by
the
same
same
family
and
was
developed
by
the
same
family.
It
is
a
huge.
This
is
a
2-0
person
drive.
I
I
believe
it's
14
000
square
feet.
The
lot
size
itself
is
more
than
two
and
a
half
times
our
lot
size
and
when
they
listed
the
property
actually
very
recently,
they
listed
it
at
1.925
million,
and
I
I
don't
think
the
rules
for
doing
so.
E
I
think
they
realize
that
again,
there's
a
lot
of
drawbacks
to
their
property.
If
you
look
at
the
assessed
value
online,
I
think
you
guys
have
it
at
2.8
million
and
I
think
it
has
a
lot
of
the
same
flaws.
I
think
they
made
some
of
the
same
design
choices.
Some
cheap
material
choices
haven't
maintained
the
property
perfectly
and
it's
going
to
cost
someone.
Similarly,
a
lot
of
money
to
fix
up.
E
If
there's
any
other
questions,
if
there's
any
questions,
I
can
can
answer
I'm
happy
to.
I
realize
I
went
over
that
quickly
and
I'm
happy
to
share
any
details.
That
would
be
helpful.
C
Yes,
good
morning,
sorry
about
that
so
and
to
start
off,
we
are
actually
recommending
an
additional
reduction
to
the
board.
Today,
corrections
were
made
to
the
sketch
reducing
total
finish
square
foot
square
footage
due
to
cathedral
ceiling
portions,
so
the
improvement
value
we
actually
asked
to
reduce
from
846
900
to
712
200,
the
total
value,
reducing
200
total.
C
The
properties
that
we
did
submit
as
comparables
are
similar
effective
age
and
quality,
and
we
do
we
did
do
the
we
corrected
the
base.
The
basement
finish
as
well
in
the
initial
review.
C
And
we
did
reduce
the
quality
as
well
after
looking
at
it,
so
we
do
as
a
result
of
the
review,
the
virtual
inspection
and
the
information
submitted.
We
made
the
changes
that
were
needed
to
the
property,
so
we
are
asking
that
the
board
confirmed
the
new
value
of
hundred
to
eight
hundred
five
hundred
two
thousand
eight
hundred.
G
Yeah
for
the
county
were
there
any
issues
with
the
sale
in
december
of
2020
that
we
should
be
aware
of
like
what
you
know
non-arm's
length,
not
a
market
sale
or
is
this
a
market
sale.
A
C
I
H
Forgot
how
hope
that
I
was
polite
for
the
for
the
appellant
you're,
suggesting
that
your
house
be
assessed
at
1.185
plus
million,
which
is
about
380
000
less
than
the
county's
revised
assessment,
which
brings
the
value
and
I'm
sorry,
I
usually
have
a
calculator
in
front
of
me,
but
it's
something
like
340
or
50
000
for
your
improvement,
your
home.
Only.
H
This
is
a
big.
This
is
a
big.
H
E
Have
been
my
connection,
I
missed
about
10
seconds
in
there,
and
I
knew
you
were
pointing
out
the
big
delta
between
the
the
assessed
value
I
was
requesting
and
the
assessed
value
that
the
county
had
come
up
with.
H
Okay,
I'll
try
it
again
thanks,
that's
correct
and
the
delta
is
I'm
asked
first
question
is:
is
it
all
in
the
improvement
the
building?
So
let's
do
that?
First,.
E
E
My
instinct
is
probably
it's
too
cold,
it's
largely
in
the
building,
and
it's
also
partially,
I
think,
on
the
street.
You
pick
up
a
lot
of
street
noise,
particularly
on
that
portion
street.
E
The
house
close
to
the
road
you
just
pick
up
on
the
streets
inside
it
and
I'd
say
I'd
say,
and
this
is
what's
a
little
bit
almost
hard
to
the
the
first
time
we
saw
the
property
we
actually
did
not
intended
offer.
We
did
not
make
an
offer.
We
said,
oh
now,
I
see
why
it's
listed
for
that
price,
that
it's
it's
a
mess
that
needs
to
work.
E
It's
not
all
easy
stuff
to
fix,
and
and
one
of
the
pros
or
cons
of
a
big
space
is
if
you
actually
have
a
lot
to
fix
it's
expensive,
so
it
wasn't
until
we
came
back.
E
And
so
I
know,
that's
not
completely
answering
your
question.
I
think
it's
probably
a
little
bit
of
column
a
little
bit
of
reduced
land
value
based
on
where
the
home
is
positioned,
but
I'm
not
sure
if
you
guys
consider
that
worthless
position
and
street
noise,
plus
mostly
from
needing
to
to
fix
stuff
in
the
interior.
H
Good
one,
quick
follow-up
for
the
county,
mr
churchill.
Is
there
any
land
reduction
per
person.
C
D
C
Again,
thank
you
board.
We
are
reducing
the
value
again
due
to
corrections
made
on
the
total
finish
square
foot,
so
we're
asking
that
the
board
confirmed
the
new
value
of
one
william
502
800.
C
The
property
is
appears,
is
in
line
with
the
7.5
due
to
the
sales
within
the
analysis
period
and
the
effective
age
appears
in
line
with
the
neighborhood,
and
so
we
determined
that
the
changes
that
need
to
be
made
causing
the
decrease
and.
E
Yeah
thanks
so
much
I
did
want
to
just
respond,
actually
a
question
that
was
directed
to
to
ms
churchill.
I
want
to
assure
everyone.
This
was
a
completely
arms
line
transaction
and
not
only
did
we
not
know
the
sellers
in
advance,
we've
still
never
met
them
today,
thanks
to
modern
closings,
I
think
that's
probably
one
of
the
key
points
here
is
that
this
is
this
was
a
market-based
transaction
that
had
really
adequate
time
for
price
discovery.
E
So
it
seems
a
little
bit
unusual
frankly
for
us
all
to
think
the
market
got
things
off
by
what
even
at
the
reduced
value,
that's
more
than
a
15
difference
from
what
the
the
market
price
the
property
was
combined
with
the
other
factors.
I
I
I
hope
I
I've
shown
you
why
maybe
this
one's
a
little
bit
unusual?
If
you
look
at
the
property
next
door
at
three
one,
two,
zero.
G
I
mean
I
don't
know
why
we're
here.
In
this
case
we
have
a
perfect
comp.
It
was
december.
It
was
closed
in
december
of
2020
million
3
30..
The
appellant
has
appraisal
from
loan
depot
in
december
of
2020
for
1.4
million.
G
H
Go
ahead,
mr
masking
sorry,
I
I
can't
agree
with
I'm
sure
some
arms
like
sale,
that's
not
an
issue,
but
historically
we've
not
taken
well.
First
of
all,
it's
out
of
the
assessment
period,
the
sale
and
second,
we,
you
know
individual
one
point
trend
lines
is
a
scary
kind
of
thing,
which
is
why,
of
course,
we
have
comparables.
D
D
Yeah,
I
have
to
agree
with
candy
I
mean
this
is
actually
outside
the
analysis
period
and
I
think
you
know,
in
my
opinion,
this
is
one
of
the
properties
that
one
of
many
that
has
stayed
on
the
market
and
at
a
bad
time
when
we
had
all
these
problems
last
year
and
all
of
a
sudden,
those
properties
are
now
getting
multiple
offers,
and
but
I
can't
just
you
know,
justify
based
on
the
sales
price
that
that
property
is
not
worth
what
it
is.
D
You
know
we're
looking
at
almost
6
000
square
feet
home.
We
looked
at
the
previous
case,
it's
only
1300
square
feet
home
and
you
know
a
difference
of
900
000
to
a
million
five.
I
think
it's
more
than
just
the
bible.
I
can't
really
see
that
this
property
would
be.
You
know
priceless
at
this
time.
D
There
is
a
sales,
I
mean
the
sales
price
that
they
had.
I
think
it's
a
good
price
and
yeah.
It
was
in
the
market
for
a
while.
They
had
a
couple
price
reductions
adjustments,
but
I
can't
see
going
back
to
the
sales
price.
I
think
the
reductions
that
the
department
made,
I
think,
they're
online,
I'm
okay
with
the
proposed
assessment.
A
Right,
I
tend
to
lean
towards
mr
panoranda
as
well.
I
mean
I
look
at
the
purchase
price.
I
don't
think
it's
going
to
be
worth
less
than
what
he
paid
for
it
and
the
fact
that
there's
a
fee
appraisal
on
it
for
the
transaction
at
a
million
four,
there
is
absolutely
zero
incentive
for
any
appraiser
to
go
higher
than
the
sales
price
because
they
have
to
defend
it.
They've
got
to
go
back,
it's
all
through
appraisal
management
companies
now.
A
F
F
F
A
F
C
Yeah
I'm
comfortable
with
the
revised
assessment.
The
county
did.
A
Okay,
mr
matskin
has
a
second
okay,
there's
a
motion
of
a
second
to
reduce
the
assessment
to
the
county,
revised
number
of
1
million
502
800,
all
in
favor
opposed
okay,
five
to
one
without
mr
hoffman.
A
A
A
C
This
property
is
a
two
and
three
quarter
story:
brick
veneer
home,
a
three
bedroom,
one
half
bath,
two
full
bath
with
finished
basement,
are
partially
finished.
I'm
sorry,
effective
age
and
year
built
are
the
same
at
2001.
C
And
the
sales
that
the
appellant
had
submitted
were
actually
late
sales
and
will
be
cons
considered
with
other
late
sales.
C
The
sorry
the
appellant's
neighborhood
increased
on
average
5.9
due
to
the
sales
that
occurred
during
the
analysis
period,
the
property's
grade
and
effective
age
appear
in
line
with
the
neighborhood
and
current
condition.
C
A
Thank
you
I
if
that
was
a
test
to
see
if
we
were
all
listening,
I
see
people
shaking
their
heads.
They
were,
they
had
caught
you.
Okay,
all
right,
questions
from
board
members.
A
F
C
A
Right,
no,
I
think
it's,
I
think
mrs
churchill
hit
the
nail
on
the
head
with
the
deferred
maintenance
and
whatnot,
but
all
right.
Well,
then,
without
further
discussion,
I'll
move
to
confirm
the
county
at
1
million
41
100..
A
Okay
motion
a
second
by
mark
yates,
all
in
favor
opposed
okay,
it's
unanimous.
The
county's
confirmed
at
one
million
forty
one
thousand
one
hundred.
A
I
Great
hello,
everyone
and
I
appreciate
the
opportunity
to
be
heard
regarding
my
opinion
as
to
the
value
of
this
property.
I'll
be
brief-
probably
hopefully,
won't
take
a
whole
eight
minutes.
So,
as
reflected
in
my
appeal,
submission
I'm
requesting
that
the
board
review
the
adequacy
of
the
methodology,
that's
used
by
the
department
of
real
estate
assessments
to
determine
the
value
of
my
property.
I
It's
my
contention
that
the
department's
mass
appraisal
process
for
determining
fair
market
value
is
insufficient
as
applied
to
outlier
properties
such
as
the
river
place
south
building,
because
this
methodology
compares
a
wide
array
of
different
properties
and
averages
the
differences
among
them,
but
in
doing
so
fails
to
account
for
significant
deviations
from
the
average.
I
So
this
this
averaging
ratio
methodology
relies
on
the
assumption
that
that
properties
which
are
surveyed
are
aggregated
or
which
are
aggregated,
are
similarly
situated.
But
in
the
case
of
river
place,
south
this
assessment
fails
to
account
for
the
unique
features
of
the
property
in
two
important
ways.
I
The
first
is
that
it
does
not
account,
for
it
doesn't
account
for
or
standardize
the
properties
by
on
a
price
per
square
foot
basis.
So
I
know
the
the
department
has
noted
previously
that
it
doesn't
consider
price
per
square
foot
as
a
factor
when
determining
the
the
you
know
the
fair
and
equitable
values
of
properties.
I
So
I
think
that's
something
that
that
is
an
important
consideration,
especially
here
and
second,
unlike
other
many
other
residential
properties
in
the
county
river
place,
is
subject
to
a
land
lease.
So,
as
many
may
know,
the
river
place
owners
association
leases,
the
13
acres
beneath
the
buildings
from
an
estate
which
issued
a
99-year
fee,
simple
determinable,
lease
in
1953,
which
is
coming
due
in
2052.
I
So
because
the
buildings
are
part
of
a
cooperative,
the
land
and
all
of
the
improvements
will
eventually
revert
back
to
the
lease
grantor
and
in
the
last
several
years,
this
has
led
to
an
increasing
number
of
cash,
only
transactions
which
has
driven
down
the
purchase
prices.
Overall
and
this
you
know
the
impending
reversion
has
created
a
a,
I
guess,
the
30-year
mortgage
bubble.
I
You
know
your
traditional
30-year
mortgage
will
be
bursting
if
you
will
in
2023,
when
these
traditional
financing
options
may
they're
already
very
limited,
but
they
may
cease
to
exist
following
2023
and
it
may
be
all
cash
transactions
thereafter.
So
so,
unless
something
dramatic
happens
in
the
next
30
years,
my
property
will
be
worth
nothing.
I
And
it's
it's
us
the
tenants
you
know,
rather
than
the
landowner
who
are
paying
the
taxes
on
this
land,
and
it's
us
the
tenants
who
stand
to
eventually
lose
our
homes
on
this
land
due
to
that
expiration
of
the
lease
so
I'll.
Just
briefly
review
the
sale
history
of
the
property
and
and
some
comps
to
illustrate
why
this
by
the
price
per
square
foot
calculation
is,
is,
in
my
mind,
an
essential
factor
that
should
be
considered
here.
I
The
unit
was
purchased
at
an
arm's
length,
transaction
in
in
2018
for
207
000,
plus
an
8
000
parking
spot
which
comes
out
to
308
dollars
per
square
feet
or
per
square
foot
rather
and
in
in
2021.
I
The
assessed
price
for
my
unit
was
269,
100
or
386
dollars
per
square
foot,
and
the
this
outlier
price
per
square
foot
figure
was
was
supported
by
three
comparables.
I
I
The
price
per
square
footage
from
my
place
was
still
the
highest
by
at
minimum
ten
dollars,
and
I
also
submitted
in
fact
20
other
comparable
properties
that
sold
in
river
place
in
2020
that
had
an
average
price
per
square
foot
among
them
of
300,
so
the
average
there
was
300
which
is
sort
of
in
line
with
with
what
I'm
asking,
which
is
to
reduce
to
the
original
purchase
price
of
of
roughly
308
dollars
per
square
foot.
I
So
I
that
said,
I
I
think
I
just
like
the
board
to
observe
the
the
fault.
You
know
the
the
foregoing
points
and
consideration
of
of
changing
my
assessment,
the
price
per
square
foot
and
this
and
this
land
lease
which
is
driving
purchasing
prices
down
as
we
get
closer
and
closer
to
2052..
J
Good
morning
board
the
subject
is
unit
1112
at
riverplace.
The
unit
is
located
on
the
uppermost
floor
and
was
completely
renovated
prior
to
its
sale
in
2018.,
although
for
the
past
couple
years,
we've
seen
a
reduction
in
market
value
due
to
the
landless
situation
as
well
as
conventional
financing
becoming
harder
to
obtain.
J
There
will
never
be
another
sale
of
the
subject's
model
type
at
river
place,
because
the
subject
is
one
of
one.
The
subject
was
part
of
a
group
of
penthouse
units
that
were
converted
from
an
old
commercial
space.
These
units
were
renovated
and
sold
a
couple
years
back.
The
subject
is
the
only
one
bedroom
with
den
that
is
697
square
feet
and
although
the
model
name
says
den,
I'm
pretty
sure
the
appellant
would
agree
that
this
space
is
more
of
a
nook
and
not
something
that
could
be
converted
to
an
additional
bedroom.
J
The
model
that
closest
resembles
the
subject
is
a
716
square
foot,
one
bedroom,
one
bathroom
model
that
is
commonly
found
at
river
place.
This
model
is
shown
as
comp,
1
and
2
on
the
comp
sheet,
which
is
page
448.,
while
looking
at
the
comp
sheet.
I'd
also
like
to
point
out
comp,
1
and
2,
but
specifically
their
assessed
values.
J
This
year's
departmental
review
of
the
subject
helped
us
identify
that
the
31
tier
or
units
that
end
in
the
number
31
are
under
assessed
compared
to
other
similar
716
square
foot
units.
This
will
be
corrected
and
that's
why
the
assessed
values
for
comp,
1
and
2
might
seem
low
when
compared
to
the
subject,
but
these
comps
are
provided
to
show
market
value.
J
Comp
3
was
selected
to
show
the
differences
in
what
you
can
get
at
river
place
for
similar
market
values.
Comp
2
and
3
have
the
same
sale
price,
but
they
are
different
units
in
square
footage
and
bedroom
count.
Something
we
have
observed
at
river
place
is
that
there
are
sometimes
large
variations
in
market
value
for
similar
units
that
are
in
the
same
condition.
J
This
can
be
reviewed
in
the
analysis
sheet,
which
is
found
on
page
8
of
48..
An
example
of
this
is
the
sale
of
unit
531
in
the
west
building
and
unit
831
in
the
south.
Building
both
are
716
square
feet
both
have
slight
renovations,
and,
although
both
of
these
units
were
purchased
cash
by
investors,
one
paid
180
000
and
the
other
paid
270
000
the
sales
happening
10
months
apart.
J
What
I'm
trying
to
get
to
is
that
there
is
a
wide
array
of
market
value
at
ripper
place,
and
the
best
we
can
do
is
find
out
what
the
overall
building
is
doing.
I
would
encourage
you
not
just
to
look
at
the
comp
sheet,
but
rather
all
the
sales
that
occurred
in
the
analysis
for
every
high
sale
value
you
find
you
can
find
a
comparable
low
value
sale
that
occurred
within
a
12
month
period
of
the
same
unit.
J
When
you
try
to
decide
whether
the
subject's
assessed
value
of
269
000
is
accurate
for
a
unit
that
is
one
bedroom.
One
bathroom
697
square
feet
has
had
a
complete
renovation,
has
a
view
and
is
located
on
the
penthouse
level.
Consider
that,
in
the
analysis,
there
were
15
sales
of
716
square
foot
units.
J
J
If
a
unit
that
is
located
one
floor
underneath
the
subject
has
the
same
bedroom
and
bathroom
count
is
only
19
square
feet
larger
but,
most
importantly,
is
still
in
its
original
1955
condition.
If
that
unit
can
sell
for
266
000,
then
the
subject's
assessment
of
269
100
seems
a
fair
opinion
of
market
value.
I
I
think
I
can.
I
can
answer
that.
I
believe
so
and
I
see
yeah
georgia's
nodding.
I
I
having
not
been
been
walking
through
the
other
ones.
For
the
most
part,
I
can't
say
the
ceilings
are
are
higher
here.
I
know
that
I
only
have
two
windows,
my
you
know.
As
as
storage
said,
you
know
my
the
the
comps
on
this
floor.
There's
no
other
ones
that
are
sort
of
the
building
is
set
up
like
this
and
I'm
right
here
in
the
in
the
center
of
the
cruciform.
I
So
I
do
have
just
the
two
windows,
but
yeah
they
are.
They
are,
I
think,
larger
than
the
than
comparable
units
below.
H
Thank
you.
Let
me
follow
up
quickly,
make
sure
I
got
this
right
here,
because
I
I
was
there,
it
used
to
be
a
restaurant
up
there
in
the
south
building
and
in
however
long
ago.
They
they
built
out
instead
pure
and
similar
units
is
that
is
that
correct,
yeah?
That's
correct,
yeah!
Okay,
I
got
it
yeah
I've
been
there.
Thank
you.
A
J
I
So
I
I'd
like
to
note
just
one
that
the
the
in
the
first
place
that
the
the
view
actually
has
also
decreased
in
value
since,
since
I
purchased
it,
it
was
originally
listed
at
33
000
in
2019,
and
now
it's
down
to
24
000.,
so
but
somehow
the
rest
of
the
val,
the
value
of
the
rest
of
my
unit
went
up.
So
that
seems
a
little
odd
to
me,
but
I
I
guess
I
you
know
just
in
addressing
that.
I
I
will
conclude
by
asking
the
board
just
to
consider
the
uniqueness
of
this
property,
as
as,
as
we've
demonstrated,
both
in
the
predicament
of
a
land
lease
reversion
and
in
the
diverse
characteristics
of
the
units.
When
I
last
appeared
before
this
this
board
in
2018,
the
board
noted
that
the
county
should
be
looking
at
river
place
differently
and
as
I've
mentioned
here
today,
one
way
to
do
that
would
be
to
produce
a
standardized
assessment
of
these
outlier
properties.
By
looking
at
a
price
per
square
foot
analysis.
I
As
owners
of
river
place,
we
we
will
lose
our
homes
without
any
compensation
or
alternative
in
fewer
than
35
years.
So
I'm
just
I'm
only
asking
that
the
county
takes
this
inevitable
depreciation
into
account.
Thank
you.
F
H
I
would
add,
given
that
the
county
admitted
that
the
comparables
one
and
two
are
under
assessed
and
they'll,
be
rigorously
reviewed
this
coming
year,.
A
Yeah
I
agree
I
I
would
not
want
to
get
into
a
price
per
square
foot.
I
don't
think
that
that's
an
appropriate
way
to
assess
it.
I
think
the
property
is
unique
with
the
land
lease
and
the
co-op
situation,
but
the
sales
are
supporting
the
values.
For
now
I
mean
that
may
not
be
the
case
in
20
years
or
25
years,
but
this
isn't
something
that
they're
all
being
told
today.
A
H
A
F
F
D
Before
you
make
the
motion
I
wanted
to
mention,
I
think
mr
carvajal
is
correct.
This
is
going
all
over
the
place
because
I've
been
at
river
place
within
the
last
six
and
seven
months,
and
it's
been
you
know,
I've
seen
units
that
have
actually
been
priced,
there's
even
one,
I
think,
on
the
market
right
now,
it's
a
thousand
square
feet
or
more
for
229,
but
a
lot
of
them
are
in
original
condition.
I've
seen
people
you
know
doing
remodeling
trying
to
update
them.
D
So
it
is
a
little
bit
tough
and
I
think
maybe
sales
prices
are
going
to
be
coming
down,
but
you
know,
hopefully
the
county
will
try
to
get
as
much
possible
done
as
far
as
adjustments
but
yeah.
As
far
as
this
case,
I
don't
see
how
we
can
really
justify
just
based
on
other
sales,
that
or
other
assessments,
or
you
know,
units
that
are
in
really
original
condition.
A
All
right,
so
we
have
a
motion
on
the
table
to
confirm
the
county
I'll
second,
it
to
move
it
along
all
in
favor,
aye
aye
opposed
it's
unanimous
counties
confirmed
at
I'm
sorry.
D
E
A
Okay.
Next
up,
I
believe
I
I
saw
him,
mr
beyrons.
Is
that
how
you
say:
bearings?
Yes,
okay,
all
right!
Mr
barrons
and
we've
got
everybody
else,
okay,
so
the
fifth
case
for
today
is
rpc17016121
at
1301
north
courthouse
road.
Mr
behrens,
you
can
start
with
your
eight
minutes
and
tell
us
about
the
property.
Thank.
K
You
I'd
like
to
start
by
thanking
the
members
of
their
board
for
their
time
today.
My
name
is
doug
barrons
and
I'm
the
owner
of
unit
1407
at
1301
north
courthouse
road
in
arlington
virginia.
It's
a
two
bed
two
bath
condo,
but
given
the
relatively
small
size
of
864
square
feet,
the
floor
plan
is
a
little
bit
tight,
particularly
compared
to
some
of
the
other
two-bedroom
two-bath
units
in
the
building.
I
also
wanted
to
thank
mr
carvajal
for
dropping
the
assessment
down
to
500-7300.
K
K
comparable
sales
from
the
relevant
time
period
in
the
same
building,
including
at
least
one
with
the
same
floor
plan,
do
not
support
the
current
valuation.
Price
per
square
foot
is
a
reliable
metric
that
is
used
industry-wide
for
comparing
property
values.
The
reduced
assessment
assigns
a
price
of
587
dollars
per
square
foot
to
my
condo.
This
is
significantly
higher
than
larger
two-bedroom
two-bath
units.
K
In
the
same
building
that
are
nicer,
located
on
higher
floors
and
or
that
have
views
of
the
washington
monument
I'd
like
to
focus
in
particular
on
two
two
bedroom
units
that
I
raised
in
my
appeal,
the
highest
price
per
square
foot
for
these
units
was
555.
K
The
first
one
was
unit
1506,
which
sold
on
september
12
2019
at
a
price
of
550
per
square
foot.
This
unit
was
fully
updated
with
a
new
kitchen
countertops
backsplash
under
cabinet
mounted
microwave.
It
also
had
new
bathrooms
hardwood
floors
and
also
has
views
of
the
washington
monument.
In
addition
to
two
parking
spaces,
and
as
I
mentioned,
it
has
a
much
more
functional
floor
plan,
given
that
it
has
two
full-size
bedrooms
and
a
square
footage
of
1143
square
feet.
K
The
second
unit
that
I
identified
on
my
appeal
was
in
1807..
This
is
a
1500
square
foot
two
bed
two
and
a
half
bath,
penthouse
that
sold
on
january
6
2020
at
a
price
of
504
dollars
per
square
feet.
This
is
a
loft
with
use
of
the
washington
monument.
It
again
has
two
parking
spaces,
an
updated
kitchen
and
bathroom
once
again,
the
the
highest
price
per
square
foot
here
was
555,
but
my
unit
is
currently
assessed
at
587,
which
doesn't
match
up
given
the
additional
amenities
and
features
that
those
units
have.
K
In
mr
carvajal's
comments
to
the
board,
he
identified
two
other
sales
of
two
bedroom
units
in
my
building,
but
these
two
cannot
support
the
current
assessment.
The
first
is
unit
1407,
which
is
an
identical
floor
plan
to
mine,
located
several
floors
below
it's
a
two
bed:
two
bath:
it's
sold
on
october,
30th
2019
for
485
thousand
dollars
or
561
square
feet,
but
once
again,
this
unit
is
nicer
than
mine:
it
has
marble
floors
in
the
entryway
tile
floors
in
the
kitchen,
updated
cabinets,
an
under
cabinet
mounted
microwave
and
brand
new
carpets.
K
K
It
appears
based
on
the
valuation
that
mr
carvajal
submitted,
that
the
estimate
for
each
floor
is
worth
either
500
per
floor
or
7
500
total
just
looking
at
the
comparison,
but
either
way
that
doesn't
add
up
to
the
22
000
300
difference
between
the
sales
price
during
the
relevant
time
period
and
the
assessed
value
on
my
unit
and
the
second
unit
that
mr
carvajal
pointed
to
is
unit
1008,
which
is
a
1100
square
foot
two
bed,
two
bath
unit
that
sold
in
march
2020
at
513
dollars
per
square
foot.
K
Once
again,
this
had
updated
floors,
new
kitchen,
backsplash
cabinet,
mounted
microwaves,
cabinet,
mounted
microwave
and
also
had
the
more
functional
floor
plan
with
the
two
full-size
bedrooms.
K
Now
I
understand,
based
on
the
comments
that
mr
cavahl
submitted
to
the
board,
the
price
per
square
foot
might
not
be
the
methodology
that
the
county
uses
to
value
condo
properties,
but
even
under
the
ratio
approach.
That's
proposed
in
mr
calls
carvajal's
comments
to
the
board.
The
value
is
over
inflated.
K
The
assessment
appears
to
rely
heavily
on
unit
7707,
which
is
the
same
floor
plan
as
mine,
but,
as
explained
earlier,
the
unit
has
more
updates,
and
so,
if
we're
on
the
same
floor,
it
will
be
valued
higher
again.
The
difference
in
the
floor
location
cannot
bridge
the
twenty
thousand
dollar
plus
assessment
gap
between
unit
707
and
my
property,
and
even
if
the
board
doesn't
agree
with
anything
that
I've
said
so
far,
I
would
request
I
would
request
a
correction
to
fix
an
apparent
error
in
the
revised
calculation.
K
The
statement
to
the
board
mentions
that
the
unit
707
was
located
seven
floors
below
the
subject
unit,
but
there's
no
floor
13
in
my
condo
building,
so
it's
actually
only
six
floors,
so
I'll
request
a
modest
correction
to
fix
that
if
the
board
is
not
inclined
to
agree
with
anything
else,
I've
said
today
with
that.
I
thank
you
for
your
time.
J
Sure
thank
you.
The
subject
is
unit
1407
at
the
whittaberry
heights
condo.
It
is,
as
it
was
mentioned
by
the
appellant.
It
is
864
square
feet,
2,
bedroom,
2,
bathroom
and
located
on
the
14th
floor
per
the
owner.
Since
the
unit
was
purchased
in
2017,
two
bathrooms
have
had
renovation.
J
We
conducted
a
internal
departmental
review
of
the
subject
which
caused
us
to
make
a
correction
to
our
original
2021
assessment.
During
the
2021
analysis,
sales
were
strong
compared
to
their
2020,
assessed,
values
and
most
units
saw
a
5
increase
to
their
building
value.
The
subject
was
originally
one
of
these.
Following
the
appellant's
review,
we
went
back
and
looked
at
previous
year's
analysis
to
see
if
there
was
a
discrepancy
in
how
the
subject's
model
model's
assessment
to
sale
ratio
looked
like
compared
to
other
tiers
in
the
building.
J
J
What
we
observed
was
that
this
model,
this
model's
market
value,
usually
trends
a
little
lower
than
the
rest
of
the
units
at
woodbury.
The
decision
was
made
to
modify
the
tiers
value
change
from
for
2021
from
5
to
no
change
on
page
4
of
30.
You
will
find
the
comp
sheet
with
the
no
change
in
value
the
total
assessed
value
for
the
subject
would
change
from
528
900
to
507
300
and
by
because
comp
1
is
also
the
same
model
as
the
subject.
J
Comp
one's
assessment
would
change
from
501
400
to
479
800.,
while
while
we're
looking
at
the
comp
sheet,
I
would
also
like
to
apologize
for
an
error
that
occurred
during
the
creation
of
the
comp
sheet
chart.
The
assessed
values
for
comparable,
2
and
3
were
published
incorrectly
on
this
chart.
Comp
2's
assessed
value
is
actually
633
600
and
comp
3's
assessed
value
is
587
hundred
the
two
largest
factors
that
demonstrate
that
the
department's
opinion
of
value
is
correct
are
one.
The
subject
was
purchased
in
2017
for
four
hundred
and
seventeen.
J
Seventy
thousand
and
second,
the
sale
of
comp
one
there
was
a
type
of
the
appellant
is
correct.
There
is
no
13th
floor,
so
unit
707
is
located
six
floors
directly
below
the
subject.
It
is
comparable
in
the
department's
view.
In
interior
condition
and
it
sold
for
485
000
in
october
2019.,
the
department
believes
that
507
300
is
a
fair
and
equitable
opinion
of
value
for
the
subject,
and
we
ask
that
the
board
agree
with
our
reduction
in
the
2021
assessed
value.
J
J
There
is
at
woodbury
heights
the
west
side
of
the
building
faces
the
hilton
hotel.
That's
there
and
a
lot
of
the
units
underneath
the
14th
floor.
J
When
you
look
out
your
window,
you
see
directly
into
a
guest
bedroom
at
the
hotel,
so
units
that
are
located
on
the
west
side
that
are
located
on
the
14th
floor
and
higher
have
a
20
adjustment,
positive
adjustment
to
their
assessments
every
once
in
a
while
when
we
get
a
sale
of
a
west
side
unit,
we
take
a
look
at
the
sale
price
and
what
it's
currently
assessed
at
to
make
sure
that
that
20,
000
value
still
holds
up
and
the
last
unit
that
faces
the
west
side.
J
That's
above
the
14th
floor
to
sell
was
unit
1605,
which
sold
in
may
2020
for
365
000.
It
is
currently
assessed
at
364
000.,
so
the
department
asks
that
the
board
please
confirm
our
reduction
of
the
subject's
assessed
value
to
507
300,
which
would
be
no
change
from
2020
to
2021..
Thank
you.
A
Okay,
thank
you
first,
I
just
want
to
ask
a
question,
mr
carvajal,
if
you
could
just
you
went
too
fast
on
the
the
assessments
that
you
were
correcting
from
three
it's
5876
and
count.
Two
is:
what
can
you
repeat
that
six.
A
That's
right
other
questions
from
board.
D
D
Yeah
to
mr
carvajal,
I
just
wanted
to
clarify.
Another
apparently
mentioned
that
there's
a
difference
in
the
floor
value
that
there
is
no
13th
floor
in
the
in
the
building
was
that
taking
into
consideration
when
you
with
the
7
500
value
that
you
have.
J
Yeah,
so
all
all
of
our
adjustments
are
based
on
market
value.
So
if
there
is
a
13th
floor
or
there
isn't,
you
know
it's
still
the
higher
you
are
the
the
more
the
floor
adjustment
is
for
the
subject.
We
have
a
7,
500
floor
adjustment
and-
and
it
goes,
I
think
it
I
believe
it
increases
by
500
every
floor.
You
go,
but
then
the
14th
floor
would
be
7
500
and
the
floor
below.
That
would
be
7
000.,
okay,.
J
Sure
the
the
county
has
no
new
information
to
submit.
We
just
asked
that
the
the
board
please
take
into
consideration
the
facts
that
were
stated
earlier.
Thank
you.
K
I
would
just
like
to
to
note
that
I
haven't
had
a
chance
to
review
the
comp
that
mr
carvajal
discussed
today
for
the
sale
on
the
17th
or
the
16th
floor.
That
was
used
to
justify
the
view
that
was
new
to
me,
so
I
haven't
had
a
chance
to
take
a
look
at
that.
K
What
I
would
say
is
that,
although
the
14th
floor
is
slightly
above
the
the
hotel
line,
you
do
still
see
into
the
hotel
rooms,
so
I
don't
know
that
it
would
be
sufficient
to
justify
that
the
20
000
valuation
that
was
placed
on
it,
but
in
some
I
would
just
like
to
reiterate
that
the
comparable
units
in
the
same
building
that
have
either
nicer
amenities,
more
parking
spaces
views
of
the
washington
monument
or
all
three
sold
for
a
lower
price
per
square
foot
than
my
unit,
and
thus
can't
support
the
assessed
value
of
five
hundred
seven
thousand
three
hundred
dollars.
K
F
A
F
A
D
F
A
B
J
Sorry
about
that
just
wanted
to
let
the
board
know
that
we
reviewed
this
case
in
a
little
more
detail
after
we
submitted
the
information
to
the
board,
and
I
wanted
to
let
the
board
know
that
the
department
has
actually
changed
its
opinion
of
value
for
this
condo
unit.
After
further
review,
the
appellant
submitted
information
suggesting
that
non-renovated
units
at
the
woodbury
heights
condo
were
selling
for
less
than
what
they
are
currently
assessed
at
woodbury
heights
is,
was
built
in
1983
and
is
comprised
of
170
units.
J
J
Because
of
this,
when
we
increase
assessments,
we
try
to
keep
our
median
assessment
to
sale
ratio
lower
than
normal
in
order
to
take
into
account
that
most
units
have
some
level
of
renovation,
but
there
might
be
a
few
that
are
still
in
their
original
condition
every
once
in
a
while,
we
will
get
an
original
condition
unit
that
sells.
That
will
show
us
if
our
methodology
is
still
accurate.
J
J
The
sale
of
unit
812
shows
that
there
is
significant
difference
in
market
value
between
renovated
and
non-renovated
units
at
the
woodbury.
Accordingly,
it
is
the
department's
recommendation
to
reduce
the
2021
assessment
by
15,
which
is
the
difference
in
market
value
observed
by
this
late
sale.
The
reduction
would
change
the
total
assessed
value
for
this
unit
from
595
600
to
517
400.
C
A
A
A
A
J
No,
nothing
new
new
to
add
it's
just
that.
We
would
like
to
reduce
the
value
to
517
400,
with
a
reduction
that
large.
We
double
triple
check
our
values
to
make
sure
they're
accurate
and
we're
pretty
confident
that
517
400
is
accurate
for
this
non-renovated
unit.
G
H
No,
I'm
I'm
impressed
with
with
the
department's
second
and
third
effort,
specifically
at
interior
and
specifically
at
a
level
in
one
building,
and
that
makes
me.
H
I
misspoke
not
not
a
tear
but
an
unusual
condition,
meaning
original
condition.
45.
A
All
right
does
someone
want
to
make
promotion
right
I'll
make
the
motion
I'll
accept
the
county's
reduction
request
to
5
17
400.
have
a
second
second,
okay,
second,
by
miss
hogan,
all
in
favor.
F
A
J
A
H
Are
we
being
televised
still
or
maybe
rosa
knows
the
answer
to
that?
I
have
an
offline
question
hold
on
one.