2025_07_09 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:73800ED4-8534-47B7-912C-2015FEDEFDBO Property Address 1161 Tramore Drive Parcel ID or Abstract 9779160847 Statement of Appeal: Request a reduction in value based on the location of the subject property, the lack of needed updates and lower sale prices for neighboring properties. Current Assessed Value $1,139,100 County Opinion $1,139,100 Time of Hearin 1:24 PM Appellant Opinion $1,050,000 County Representative Kelly Wells Board Decision $1,139,100 Evidence submitted by the appellant: • This home backs onto a field. This field could be sold at any time and turned into a strip mall. It is zoned as a multi-use property,meaning that there could be grocery stores, apartments, etc., which decreases the value of this land. • This home,built in 2006/2007, is approaching 2 decades, and no significant updates have been made. The kitchen is a Tuscan style kitchen, and so is the main bath. This decreases the value of the home as new buyers are looking for more updated kitchens and bathrooms. • We purchased our home on April 1, 2022. At the time,the home was listed for 999,999. In 2021 and 2022 real estate was going through a turbulent time. It was very hard to find a home in Chapel Hill due to COVID. We bid over asking price and were actually the only bidders on the house.All of the other homes in this neighborhood in recent years have sold for less than a million dollars. Evidence submitted by the county representative: • The subject property is a 4,448 square foot home built in 2006 on.46 acres in Chapel Hill. It was purchased in April of 2022 for$1,100,000. It is very well maintained and the largest home that sold in the neighborhood since Jan 1,2021. • The parcel behind the subject property is currently farmland and is not in use as commercial property. • Based on the recent purchase price and more recent sales of similar but inferior homes, the County recommends no change in value. • Photographs of the Subject Property • GIS Map • Sales Analysis • Sales listing snippets • Current Property Record Card of Subject Motion of the Board Accept the Coun 's recommendation of no change in value Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For Leon Meyers Voted Against Property Identification: