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Docusign Envelope ID:C9B7EE17-4ADA-4424-B141-343369361698 <br /> • Appraiser notes record repeated basement flooding and appeals since 2017. Seeing the mold in <br /> the basement,the county recommends setting the effective year built of 1984 back to the actual <br /> year built of 1972. <br /> • Tropical storm Chantal occurred July 6,2025, so it affects 2026 assessed value. The basement <br /> is being renovated once again. I have put the subject on the permit list to field check repair <br /> progress. <br /> • If the board accepts these recommended changes,the building value would decrease from <br /> $379,700 to $342,800. Total property value would change from$589,700 to $552,800. <br /> • Photos of Subject <br /> • Flood map <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Correspondence <br /> Motion of the Board Value Changed as Follows: Add additional-30%adjustment to <br /> land for flood plain, set finished <br /> basement price per square foot at <br /> $78 resulting in a revised value of <br /> $491,600 <br /> Made the motion Leon Meyers <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Qian Yunzhi Appellant(if different) <br /> Property Address 622 Ives Court Parcel ID or Abstract 98906055007.065 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $341,700 County Opinion $313,300 <br /> Time of Hearin 3:41 PM Appellant Opinion $285,000 <br /> County Representative C le Anderson Board Decision $313,300 <br /> Evidence submitted by the appellant: <br /> • The appellant states that the subject property was listed for sale earlier in 2025 for$309,000 <br /> and no offers were received. The appellant also states that comparable properties have been <br /> selling for much less than what the subject property is assessed for. The appellant provided <br /> multiple comparable sales and listings as supporting evidence. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 622 Ives Court,in the Providence Glen Condominium <br /> project, in Chapel Hill. The County physically inspected the property for verification and <br /> photos. The County also performed a sales analysis of similar sized units that sold in 2024. <br /> After review,the County recommends reducing the subject's effective year built to 2004 along <br />