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Docusign Envelope ID:9ADB105A-9CF3-46D3-BFE6-DD24AB853FF3 <br /> • The appellant provided no evidence to support their opinion of value. The County recommends <br /> no change in value. <br /> • Photos of Subject Property <br /> • GIS Map <br /> • Current Property Record Card of Subject <br /> Motion of the Board Accept the Coun 's recommendation of no change in value <br /> Made the motion Richal Vanhook <br /> Seconded the motion Barbara Levine <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br /> Property Owner I Sai'un Xue Appellant(if different) <br /> Property Address 500 Umstead Drive,Unit Parcel ID or Abstract 9789014199.012 <br /> 304 <br /> Statement of Avveal: Request a reduction in value based on comparable sales to newly renovated units <br /> in the same neighborhood. <br /> Current Assessed Value $215,700 County Opinion $202,900 <br /> Time of Hearin 2:20PM Appellant Opinion $185,000 <br /> County Representative C le Anderson Board Decision $202,900 <br /> Evidence submitted by the appellant: <br /> • The appellant has submitted 5 comparable sales, one of which occurred after the revaluation <br /> date of 1/l/2025. The appellant states that the units that sold for around$200,000 have all been <br /> newly renovated,unlike the subject property. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 500 Umstead Drive,Unit 304, in the Bolinwood <br /> Condominium project, in Chapel Hill. The County visited the property for physical inspection <br /> and photos. The County also performed a sales analysis of all 2024 sales of same sized units in <br /> the subject's neighborhood. After review,the County recommends reducing the effective year <br /> built of the subject property from 2007 to 1997. This would reduce the assessment from <br /> $215,700 to $202,900,bringing the subject's price per square foot in line with that of the 2024 <br /> comparable sales. The County recommends reducing the assessed value of the subject property <br /> to $202,900. <br /> • Photos of Subject Property <br /> • GIS Map <br /> • Sales Analysis <br /> • Current Property Record Card of Subject <br /> • Proposed Property Record Card of Subject <br />