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Docusign Envelope ID:7FE57725-9FEA-4FD3-99AA-DE6B4DB9B62E <br /> Property Identification: <br /> Property Owner Sora Shin Appellant(if different) <br /> Property Address 432 Glencrest Place Parcel H)or Abstract 9890605507.045 <br /> Statement of Appeal: Request a reduction in value based on a discrepancy in square footage on the <br /> current property record card and on comparable sales. <br /> Current Assessed Value $362,400 County Opinion $325,800 <br /> Time of Hearin 1:OOPM Appellant Opinion $302,533 <br /> County Representative C le Anderson Board Decision $325,800 <br /> Evidence submitted by the appellant: <br /> • The appellant states that this unit's square footage is incorrectly stated at 1398. The appellant <br /> provided supporting documentation to substantiate this claim. The appellant also provided two <br /> recently sold units comparable to the subject property. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 432 Glencrest Place,in the Providence Glen Condominium <br /> project, in Chapel Hill. The County physically inspected the property for verification and <br /> photos. The plat and sketch for this unit were reviewed after looking over the appellant's <br /> supporting documentation. MLS data from the 2008 sale of this unit was also reviewed to help <br /> determine the correct square footage.After review,the County recommends correcting the <br /> sketch/square footage of the subject property to match the plat and unit 431,which is a mirror <br /> of the subject. The County also reviewed a sales analysis of similar sized units from this <br /> neighborhood that sold in 2024. After reviewing these four sales,the County recommends <br /> reducing the effective year built of the subject property from 2007 to 2002. These <br /> recommended changes would bring the subject's price per square foot in line with the 2024 <br /> comparable sales by reducing the assessment from$362,400 to $325,800. The County <br /> recommends a revised value of$325,800 for the subject property. <br /> • Photo of Subject <br /> • GIS map <br /> • Plat Showing 3'Floor Units 431-434 <br /> • Duplicate Plat with Labels <br /> • MLS Data From 2008 Sale Of Subject <br /> • Sales Analysis <br /> • Current Property Record Card of Subject <br /> • Proposed Property Record Card of Subject <br /> • Property Record Card of Unit 431 <br /> Motion of the Board Accept the Coun 's revised value of$325,800 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For Leon Meyers <br /> Voted Against <br />