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Docusign Envelope ID:6AD483F6-9814-4C69-82F6-OAAFE1C62AB1 <br /> recent comparable sales in the subject's neighborhood.After review,the County recommends <br /> reducing the grade from a C+5 to a C and the effective year built from 2000 to 1995. These <br /> changes more accurately reflect the subject's quality of construction and condition while also <br /> bringing its price per square foot more in line with the comparable sales. Please note that due <br /> to economies of scale,the subject's smaller size translates to a slightly higher than average <br /> price per square foot. For example,the comparable sale closest in size to the subject sold for <br /> $348.52/square foot in 2023. <br /> • These recommended changes would result in a revised assessment of$352,700 for the subject <br /> property. The County recommends a revised value of$352,700 for the subject property. <br /> • Photos of subject <br /> • GIS Map <br /> • Sales Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept the County's revised value of$352,700 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br /> Property Owner Yi Hung Kung Appellant(if different) <br /> Property Address 821 Providence Glen Parcel ID or Abstract 9890605507.090 <br /> Drive <br /> Statement of Appeal: Request a reduction in value based on comparable sales located in the same <br /> neighborhood. <br /> Current Assessed Value $333,800 County Opinion $333,800 <br /> Time of Hearin 2:21 PM Appellant Opinion $290,000 <br /> County Representative C le Anderson Board Decision $325,000 <br /> Evidence submitted by the appellant: <br /> • The appellant provides 3 comparable properties to support their opinion of value: 822 <br /> Providence Glen sold in November of 2024 for$289,000. 331 Providence Glen has been listed <br /> for months(since January 2025) at$289,000 but has not sold yet. 1611 Providence Glen sold <br /> in December of 2024 for$314,000. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 821 Providence Glen Drive,in the Providence Glen <br /> Condominium project,in Chapel Hill. The County performed a field analysis on the subject for <br /> photos and for physical verification. The Countalso anal zed three com arable sales of units <br />