2025_06_25 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:5999C033-1430-4969-A880-AA08E7077BE9 Evidence submitted by the appellant: • This property is a condominium not a detached house. The wall common with the other dwelling unit is uneven. The third story bath is over the neighbors second story bedroom. The code limits renters to 4 persons not in a family. Parking is limited. The building has single pane windows, almost no insulation and the deck is rotted. • The appellant offered the property for$575,000 but was unable to find a buyer. Evidence submitted by the county representative: • This building is the back half of an old house on McCauley street in Chapel Hill. The property line runs through the building at the wall connecting the front unit to this one. Built in 1926, it is 3 stories counting a finished attic. Tax records the building type as "Designed to Rent Single Family Residence". • As we see in the photo the building has had little maintenance in years. The exterior has suffered years of water damage by mold as we see by rotting decks and screens coming loose. It's value is its location near the UNC campus, accounting for its 0.25 acres to be valued at $500,000. • Add 20%functional physical depreciation. • Photographs of Subject Property • Current Property Record Card of Subject • Proposed Property Record Card of Subject • Correspondence Motion of the Board Accept the County's recommendation in addition to reclassifying the building type to"Single Family Residence"resulting in a revised value of $859,900 Made the motion Shannon Julian Seconded the motion Richal Vanhook Voted For Leon Meyers Voted Against Property Identification: Property Owner Amol Bapat Appellant(if different) Property Address 300 Laurens Way Parcel ID or Abstract 19880021944 Statement of Appeal: Request a reduction in value based on the condition of the home. Current Assessed Value $597,200 County Opinion $589,100 Time of Hearin 1:47 PM Appellant Opinion $498,363 County Representative Bill Hiltbold Board Decision $589,100 Evidence submitted by the appellant: • The HVAC equipment is over 20 years old see the replacement estimate of$9,600. The deck and front stair rails are weathered please see the photos and$13,220 replacement estimate.