2021_11_16 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:C9ACA973-728D-4853-A135-6BC01CA1C2D5 analyzed including the 1.46-acre land sale of 5022 Governor Martin Street in September 2019 for $60,000. The subjects land value of$54,500 for 1.24 acres is well supported by this sale. However,the improved sales in the neighborhood in which the subject property is located are all manufactured homes compared to the subject's modular construction. For this reason, a comparable sales report of recent modular home sales in adjacent neighborhoods were analyzed with indicated building values ranging from$104,800 to $175,500. The subject's current building value of$152,500 is within the range of current modular home sales' building values. Comparable sales provided by the appellant were not considered due to these modular homes being in different neighborhoods.For the reasons noted,the County recommends no adjustment to the current valuation of the subject property. 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 property. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 ROSENBACHER PIN 9788287641 Michael Rosenbacher elected not to appear before the Board and requested that the submitted documentation serve as the appeal. The appellant is appealing the value of the property located at 101 Stephens Street, Chapel Hill. The current assessed value of the property is $475,300. A list of evidence follows: APPELLANT COUNTY 9788287641 Appeal 9788287641 County Kelly Wells represented the County and stated the appeal is based on a data discrepancy. The appellant explained that the house is not a two-to-four family residence but is instead a single-family residence. Ms. Wells stated that the County conducted a site visit on October 7,2021 and recommends correcting the building type from two-to-four family to single family,correcting the measurements of the open porch and removing the 60%market adjustment placed on the land value for being a multifamily parcel in Neighborhood 7110. These changes would result in a reduction of the property value from$475,300 to $353,400. 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 revised valuation of$353,400. Ms.Levine seconded the motion and the motion carried. Yes: 3 Noes: 0