2025_06_12 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:81DCF4B5-OD6D-4EAF-994D-356E93E6384C County Representative I Kelly Wells Board Decision $309,600 Evidence submitted by the appellant: • Same type/size home sold for$295,000 in 2024. Home prices of comparable units have gone down recently. Additionally, I do not have any updates completed on my home since I purchased it in 2018. • Copy of Professional Home Inspection from 2018. Evidence submitted by the county representative: • The townhome was built in 2018 with 1,374 square feet, 2 full baths and it is a middle unit in the Village of Lake Michael community in Mebane. Middle units are less desirable as indicated by recent sales. The two sales,most like the subject, are 594 Retriever Lane and 636 Retriever Lane as shown in the Sales Analysis provided. • GIS Map • Photographs of the Subject • Sales Analysis • Current Property Record Card of Subject • Proposed Property Record Card of Subject Motion of the Board Accept the Coun 's revised value of$309,600 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For Leon Meyers Voted Against Property Identification: Property Owner An'a P. Lathan Appellant(if different) Property Address 213 E. Franklin Street, Parcel ID or Abstract 9788474898.003 Unit 101 Statement of Appeal: Request a reduction in value based on the fact that this unit is a basement level condominium with no recent updates or renovations. Current Assessed Value $627,800 County Opinion $565,000 Time of Hearin 2:48 PM Appellant Opinion $550,000 County Representative Roger Gunn Board Decision $565,000 Evidence submitted by the appellant: • Per the appellant's appeal,"Thank you for your value change notice. We appreciate you taking the time to review. However,we still feel that the unit is overvalued at$627,800.We bought the unit in 2020 for$440,000 and while there have been a few very high sales per square foot in the building in the past few years since then,we do believe that this particular unit would not