2025_09_18 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:CAA96AA1-7D21-4D46-9A3F-10F230AD80FA Current Assessed Value $332,500 County Opinion $310,100 Time of Hearin 1:24 PM Appellant Opinion $300,000 County Representative Roger Gunn Board Decision $310,100 Evidence submitted by the appellant: • The appellant is requesting a reduction in value due to incorrect data in which the appellant contends that the finished basement only has 7.5-foot ceilings and should not be considered part of the finished living area.No other support for the appellant's estimate of value was submitted. Evidence submitted by the county representative: • The County performed a site inspection on September 16, 2025,and the residence was observed to exhibit minimal maintenance since its 1970 construction date. The appraiser was able to observe the finished basement which does appear to have lower than normal ceiling heights,but was completely finished,heated,and cooled. • The County recommends the following changes: remove a storage building from the property record, add a 638 square foot finished basement that had previously been removed from the property record,reduce the effective year built from 1985 to 1975, and apply an additional 20%functional obsolescence for design to account for the lower-than-normal ceiling height of the basement and the lack of a true third bedroom. • These recommended changes would reduce the value of the subject to $310,100. • Photos of Subject • Location Map of Subject • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Coun 's Proposed Value: $310,100 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner Elizabeth Celli Appellant(if different) Property Address 407 Legends ay Parcel ID or Abstract 19860922501 Statement of Appeal: Request a reduction in value based on a comparable sale. Current Assessed Value $326,800 County Opinion $326,800 Time of Hearin 1:31 PM Appellant Opinion $297,992 County Representative Kelly Wells Board Decision $326,800 Evidence submitted by the appellant: • Comparable sale: 2/5/2025 266 Lexes Trail, Chapel Hill sold for$455,000 ($250.4127 per square foot). It is 1,817 square feet with a.04-acre lot size and is a Grade B-10 quality level.