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Appraiser says basement and area figures overstate value at 404 Tucker Hill Rd
Summary
Appraiser Scott Beecher told the board that town property card square footage overstated the basement and overall area for 404 Tucker Hill Rd and used five comps with adjustments (he said he applied $100 per square foot) to conclude a market value of $1,035,000 versus the assessor’s $1,148,800.
Paul J. Fabian, represented by appraiser Scott Beecher, appealed the assessor’s valuation for 404 Tucker Hill Rd on grounds the assessor’s property card overstated basement size and total gross living area. Beecher said he measured the home at about 3,940 sq. ft. and used five comparable sales with adjustments, including a $100 per sq. ft. square footage factor, yielding a market value conclusion near $1,035,000. Commissioner Flanagan noted the property card lists a larger basement figure (over 1,100 sq. ft.) and the board said it will consider any supporting appraisal documentation.
