Orange County NC Website
Browse       Search
Docusign Envelope ID: B1D4C153-963D-4122-B6E3-87DCADFA826B <br /> • GIS map <br /> • Sales listing photos <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Coun 's Propose Value: $944,300 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Park Place Fellowship Appellant(if different) <br /> LLC <br /> FP-rope FP-roperty Address 106 Park Place Lane Parcel ID or Abstract 9788688382 <br /> Statement of Appeal: Request a reduction in value based on incorrect basement data,age of home,and <br /> land valuation. <br /> Current Assessed Value $961,200 County Opinion $944,200 <br /> Time of Hearin 1:54 PM Appellant Opinion $656,800 <br /> County Representative Kelly Wells Board Decision $944,200 <br /> Evidence submitted by the appellant: <br /> • Incorrect data: Basement has no finished area. <br /> • The home at issue is substantially older(eff year built is 33.7 years older than average of <br /> comps; actual age is 45 years older than average of comps). Acreage of lot is less than half, on <br /> average, of comps. Building value is fair,based on age and condition. However,the land value <br /> (currently$700,000)is almost double the average of comps($373,750). Fair land value would <br /> be $400,000, for net value of$656,800. <br /> Evidence submitted by the county representative: <br /> • The subject property is a single-family home built in 1925 with 4 bedrooms and 3 baths. We <br /> have it on record as having a full basement,half of which is finished bringing the total square <br /> footage to 2,715. The home is located on Park Place Lane in the Chapel Hill Historic District. <br /> • The comparables mentioned in the appeal are outside of the historic district and market area. <br /> • Based on the sales and equity within the Chapel Hill Historic District area,the County <br /> recommends correcting the basement and total square footage with no change in land value. <br /> The correction would bring the finished square footage to 2,212 square feet and the total parcel <br /> value from$961,200 to$944,200. <br /> • Photos of subject <br /> • GIS Map <br /> • Historic District map <br /> • Register of Historic Places <br /> • Equity Analysis <br />