2025_09_24 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:605B9F76-COF1-43C7-9DA8-9C1F27ED9055 Statement of Appeal: Request a reduction in value based on an independent appraisal of the property. Current Assessed Value $412,800 County Opinion $359,200 Time of Hearin 1:06 PM Appellant Opinion $360,000 County Representative C le Anderson Board Decision $359,200 Evidence submitted by the appellant: • The appellant submitted an appraisal of this property as supporting documentation. The appraisal has an effective date of March 11, 2025 and an opinion of value of$360,000. Evidence submitted by the county representative: • The subject property is a 2.27 acre tract with a multi-family dwelling located at 1500 Partridgeberry Road,Units A&B, in Chapel Hill. The appellant submitted an appraisal of the subject property with an effective date of March 11, 2025 and an opinion of value of $360,000. Despite the effective date coming after January 1,2025,this appraisal was reviewed by the County as all the comparable properties were either leased or sold in 2023 or 2024. After review,the County recommends the following changes: increasing the land adjustment to from-5%for Shape to-15% for Shape and Access (subject is located on a gravel and privately maintained road),while also reducing the grade to C and reducing the effective year built to 1998. These recommended changes would reduce the subject property's assessed value to $359,200. The County recommends a revised value of$359,200 for the subject property. • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Coun 's Proposed Value: $359,200 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner Kathy A. Krug Appellant(if different) Property Address 106 Forest Court Parcel H)or Abstract 9779616831 Statement of Appeal: Request a reduction in value based on comparable sales and the condition of the home. Current Assessed Value $341,700 County Opinion $341,700 Time of Hearin 1:09 PM Appellant Opinion $295,000 County Representative Kelly Wells Board Decision $341,700 Evidence submitted by the appellant: • Recent Comparable Sale: 502 Forest Court went on sale in December of 2024 and just sold in June for 320,000 with updates to the home. Other comparable recent sales: 105 Fidelity St#A— 1,056 s . ft., sold for