2025_10_15 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:360B6188-lA59-4lB3-B839-FE17A47C9C50 • Withdrawn offer to purchase • Excessive amount of increase Evidence submitted by the county representative: • The subject property is 18.73 acres of agricultural farmland without buildings and no dwelling. • A site visit was conducted and found a hay barn(shed)and cattle barn not on record. The County recommends removing the carport from yard items and adding the shed and barn not on record, adding a-25%adjustment to the land for access by private dirt road and topography including streams on the property. • These recommendations result in a reduction in market value from$477,232 to $396,149 but an increase in assessed taxable value from$11,801 to$50,001. • Photos of subject • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $396,149 Made the motion Richal Vanhook Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Philip W. Medlin Appellant(if different) Property Address 304 Old Spring Road Parcel ID or Abstract 9860788675 Statement of Appeal: Request a reduction in value based on comparable sales and drainage issues on the property. Current Assessed Value $295,800 ounty Opinion $240,400 Time of Hearin 3:12PM Appellant Opinion $200,000 County Representative Jimmy Milliken Board Decision $240,400 Evidence submitted by the appellant: • Thank you for taking time to review my appeal of 304 Old Spring Road in Chapel Hill. Based on my comparable report from the Orange County Comper site, I tried to pick three properties that were close in mileage, age, square footage and acreage. Of these three,I feel that 4311 Dairyland Road that sold 9.29.23 for$199,000 to be comparable. There is another closely related property that sold 3.28.24 on 2527 Tree Farm Road for$305,000;however, it has 6.1 acres. My property also does not drain very well and tends to hold water with moderate rains and especially with heavy rains. Please see pic 1 that shows a ditch to avert water. Pic 2 is of my front yard that does have a small ditch which you can see during a rain. Pic 3 is of my side yard used for parking. Based on my best judgment in today's market with my property being older and smaller in square footage plus the drainage issue, I would value it at$200,000.