2021_08_24 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:67AF45A6-6792-466B-A530-32D705D517AA APPELLANT COUNTY 9787386328 Appeal 9787386328 County Cyle Anderson represented the County and stated that the appellant's opinion of value is $190,000 citing the fact that the property last sold for$190,000 in May of 2020 with$25,000 in renovations occurring in May 2021. Mr. Anderson noted that sales data on this property indicates that a multi-parcel sale occurred on February 26,2020 at a price of$380,000 for both 111 Mallard Court and 112 Mallard Court, simultaneously. Mr. Anderson noted that after the sale, a permit was issued for a residential addition to the subject in July 2020. The addition entailed conversion of an open porch into living area and a full bath added. This conversion increased the finished area from 1,332 square feet to 1,598 square feet and it was also discovered that the subject's kitchen had been renovated.Mr.Anderson provided he Board with a sales analysis of the four most comparable properties that have recently sold in this townhome community indicating that no changes in value are necessary to the subject property. Taking into consideration the recent addition and renovations after the sale as well as the fact that one sale does not make a market,no further changes are recommended to the current assessment. It is therefore the opinion of Orange County that the current value of$257,300 is appropriately supported by recent comparable sales. The Board reviewed all documents and information provided by the appellant and the County. After deliberation and review,Mr. Beattie made a motion to accept the County's recommendation of no change in value for the subject. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 Mr. Beattie made a motion to recess the meeting until 1:30 PM Mr. Beattie called the meeting back to order at 1:30 PM DE PAL PIN 9788699110 Anne Perl De Pal appeared before the Board to appeal the valuation of the property located at 710 E Rosemary Street, Chapel Hill. The current assessed value of the property is $768,700.A list of evidence follows: APPELLANT COUNTY 9788699110 Appeal 9788699110 County The appellant is requesting that the Board reduce the valuation based on the submitted evidence indicating the house was built in 1978,has had no major improvements, and is need of a huge amount of maintenance. The appellant also states that the lad has a steep slope, and Chapel Hill regulations have changed substantially,which in effect makes the lot mostly unbuildable. The appellant also stated that the residence is listed as a multifamily residence but is actually a single-family residence as are neighboring properties. The appellant also stated that the property has issues with erosion as it has recently had