2025_09_30 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:A601AB7D-8806-49E3-97E5-610E08400673 • Maps • Photo of Subject Motion of the Board Value Changed as Follows: $1,593,900 Between county and appellant values,based on evidence Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner Elmojo, LLC Appellant(if different) Lisa Sutker Property Address 140 W Franklin Street, Parcel ID or Abstract 9788278230.1111-510 Unit 510 Statement of Appeal: Request a reduction in value based on comparable sales. Current Assessed Value $866,800 County Opinion $847,900 Time of Hearin 1:35PM Appellant Opinion $569,700 County Representative Kelly Wells Board Decision $847,900 Evidence submitted by the appellant: • Based on comparable sales, sales within the same building provide the strongest evidence of market value,as they share the exact same location,construction quality,building amenities, and immediate market conditions. This minimizes the need for complex adjustments related to these significant factors. Several recent sales within 140 W Franklin Street align closely with the January 1,2025 valuation date. Evidence submitted by the county representative: • The subject property is a 1,220 square foot condo unit on the 5th floor with 2 bedrooms and 2 baths built in 2012 located at 140 W Franklin Street. Chapel Hill • There were several sales and a few resales within the revaluation period. Based on the equitable values and most current sales of similar units,The County recommends reducing the construction modifier from 1.15 to 1.125 resulting in a reduction in value from$866,800 to $847,900. • Photo of Subject • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board I Accept Coun 's Proposed Value: $847,900