2021_11_16 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:C9ACA973-728D-4853-A135-6BC01CA1C2D5 GILMORE PIN 9778985122 Sally Gilmore 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 401 Broad Street, Carrboro. The current assessed value of the property is$102,000. A list of evidence follows: APPELLANT COUNTY 9778985122 Appeal 9778985122 County Kelly Wells represented the County and stated that the subject property is a vacant 0.17-acre lot and the appeal is based on the value of the nearby lots in the neighborhood. The appellant's opinion of value for the property is $150,000. The appellant provided no additional evidence to support the opinion of value for the property. Ms.Wells explained that the base land price in Neighborhood 7102 is $150,000 per lot. The subject property has a 20% economic market adjustment due to the Lloyd/Broad overlay District restrictions. In addition,to account for the steep slope and stream,the land value is also receiving a-15%topography adjustment for a total value of$102,000. The County recommends no change in value for the 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 for no change in value for the property. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 BULBROOK PIN 9788064765 James Bulbrook 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 206 Sunset Drive, Chapel Hill. The current assessed value of the property is $524,400. A list of evidence follows: APPELLANT COUNTY 9788064765 Appeal 9788064765 County Kelly Wells represented the County and stated the subject property is located in the Northside Conservation District and the appeal is based on discrepancies in data such as the heated square footage and the number of bedrooms and bathrooms. The appellant's opinion of value for the property is $380,000. Ms. Wells stated that the County conducted a site visit on October 18,2021 and upon review,the County recommends correcting the sketch by removing an unfinished attic, correcting the building type from rooming house to single family, correcting the bedroom count from six to five and removing the 35% market adjustment on land value for multifamily use. These changes would result in a reduction of the valuation of the property from$524,400 to $402,000.