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DocuSign Envelope ID: D94409AB-B2D5-4E05-B3FC-26A40C01CO2F <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review,Mr.Beattie made a motion accept the County's revised value of$281,200 for the <br /> property. Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> BARNES PIN 9874501704 <br /> Dalton Burns appeared before the Board on behalf of Marvin Barnes to appeal the value of the property <br /> located at 1811 NC Highway 86 South,Hillsborough. The current assessed value of the property is <br /> $896,800. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9874501704 Appeal 9874501704 County <br /> The representative for the appellant stated that the appeal is based on the subject's land being inequitably <br /> assessed with neighboring parcels and should be assessed at approximately $7.58 per square foot or <br /> $326,700. The appellant stated an opinion of value of$549,900 for the property. <br /> Cyle Anderson represented the County and stated the subject property is a convenience store built in <br /> 1988. Upon review of this property by CCA, CCA weighted the sales comparison approach at 50%and <br /> the income approach at 50%for a reconciled valuation of$834,630. As a result of this review, Orange <br /> County recommends increasing the neighborhood modifier from E37 to E42 for a revised valuation of <br /> $825,600 for the property. <br /> The Board reviewed all documents and information provided by the appellant and the County.After <br /> deliberation and review,Mr. Beattie made a motion to accept the County's revised valuation of$825,600 <br /> for the property. Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> Kairys Holding Company LLC PIN 9789412394 <br /> The appellant elected not to appear before the Board and requested that the submitted documentation <br /> serve as the appeal. The appellant is appealing the value of the property located at 721 Hillsborough <br /> Street, Chapel Hill. The current assessed value of the property is $945,900. A list of evidence follows: <br /> APPELLANT COUNTY <br /> 9789412394 Appeal 9789412394 County <br /> Kelly Wells represented the County and stated the subject property is a.58-acre commercial lot mproved <br /> with a single-family residence, and the appeal is based on the March 2021 purchase price of$530,000 for <br /> the property. Ms. Wells stated the new owners plan to demolish the building and no new improvement <br />