Download - Linda Brown RES CAE Real Estate/Land Records Manager Buncombe County Income Approach: Before Appeals
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Linda Brown RES CAEReal Estate/Land Records Manager
Buncombe County
Income Approach: Before Appeals
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Consistency Relationships Information Confidence Limit informal appeals Saves time Value income producing property when
limited sales data is available
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Retail Apartments Office Buildings Golf Courses Hotels Manufactured Housing Rental Parks
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228,000 Square foot Resort Hotel built in 1912
Donald Ross Golf Course 150 acres Last sold 1955 $40 million dollar Spa added in 2001
cost exceeded value added to property
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Using the income approachAssessed in 2006 for $115,000,000
Sold May 2010 for $103,528,000
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175,000 square foot residence with 250 rooms, indoor pool, elevators, bowling alley, stables
Original construction completed 1895 Main building estimated reproduction cost
$200 million Winery, multiple restaurants and retail shops Hotel 2,400 acres Property has never sold
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Consistency Ability to value income producing
property when limited sales data is available
Information developed by staff Relationships with property owners Staff confidence Most appeals are settled locally