Attorney says town overvalued Revere Lane home, cites local comparables

An attorney representing the owner of 50 Revere Lane told the assessment panel the town’s $1,100,031 assessment overstates the home’s market value and presented two sets of comparables from the Greenfield Hunt development to support a lower number.

Vincent Marino, who identified himself as counsel for the appellant, said he examined 12 same-size units and a broader set of 37 larger-but-similar houses within the development and calculated an average price-per-square-foot of about $414.25–$414.48. "Using this average price, the value of the subject property would be 952,775" Marino said, and he later summarized the result as a fair-market estimate of "$953,305.92." He told the panel he had discussed the approach with an appraiser who would be prepared to testify if the appeal proceeds to court.

The panel asked whether Marino had verified upgrades or interior changes that could explain assessment differences. Marino said he had not performed interior inspections and had used the town’s field cards and public assessments for a statistical comparison: "I just looked at comparable homes in this development and used the town's assessment." The panel noted that drive-bys and location factors also influence statistical valuations and asked the attorney to clarify any evidence of upgrades.

Marino emphasized an equity argument: some larger homes in the development are assessed for less than the appellant’s smaller unit, which he described as "inequitable" and possibly a clerical or valuation anomaly. He told the panel that if needed he would present an expert appraiser to confirm the methodology.

No final determination was recorded at the hearing. The panel advised the appellant to provide any additional documentation — including an independent appraisal or evidence of upgrades on comparables — to the assessor’s office so the record would reflect those materials before a final administrative decision or court appeal.