2025_06_24 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:4BCE365B-A04B-45C9-8961-6F57FBB6CAC1 the property is transferred to the homeowners association,the value would be reduced to $1 in the following year. • Photograph of Subject • Current Property Record Card of Subject • Location Map of Subject • Plat Map of Subject • Proposed Property Record Card of Subject Motion of the Board Accept the Coun 's revised value of$20,000 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For Leon Meyers Voted Against Property Identification: Property Owner Andi Judith Morgan Appellant if different Property Address 124 Fidelity Street,Unit Parcel ID or Abstract 9778561748.028 18 Statement of Appeal: Request a reduction in value based on the condition of the unit. Current Assessed Value $126,100 County Opinion $97,000 Time of Hearin 1:36 PM Appellant Opinion $100,000 County Representative Cyle Anderson I Board Decision $97,000 Evidence submitted by the appellant: • The appellant states that the overall condition of this unit makes it inferior to most condos in this building. The appellant adds that this unit has dated finishes throughout as well as old glass fuses. This unit is also in need of both bathroom and kitchen upgrades to become as nice as other units in this building. The appellant provided a detailed breakdown of these condition issues and also provided interior photos as supporting documentation. Please refer to the notes and photos for unit 18. Evidence submitted by the county representative: • The subject property is located at 124 Fidelity Street,Unit 18, in the Hillmont Condominium project in Carrboro. The County recently visited these condominiums for exterior observation and photos. The appellant's supporting documentation was thoroughly reviewed. These documents and photos reveal a unit with few interior updates. The County also performed a sales analysis of comparable units that have recently sold in the subject's condominium project. • To compensate for the lack of upgrades,the subject's effective year built was reduced to to 1975 and the condition was changed to fair. These changes resulted in a reduction of the assessed value. The County recommends reducing the assessed value of the subject property from$126,100 to$97,000.