Appraiser Michael Parcel presents comparables to contest town valuation for Cape-style home

At the hearing Michael Parcel identified himself as both Troy’s father and a local real estate appraiser; he said he had submitted an independent appraisal and additional comparable sales to contest the town valuation. Parcel described the subject as a small Cape with one bathroom on the first floor and limited extras, and said market sales nearby supported a lower estimate than the town’s figure.

Parcel walked board members through several sales he said were appropriate for the appraisal date and used adjustments for condition and size. He noted market knockdowns and recent sales on streets such as Old Mill Road and Black Rock Turnpike, and said these comparables support a substantially lower lot or house valuation than the town’s figure. “So, again, just showing another comp that was not used in the appraisal that kind of shows what's going on in the neighborhood,” Parcel told the panel.

Moderator Laura O'Brien told appellants the board and assessor will review the packet and that she could not promise an outcome at the hearing. Parcel left his appraisal and supporting documents with the board; no decision was issued at the session.