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Docusign Envelope ID:5E70BEDB-1C5C-4D06-AFFC-C88435F8F715 <br /> increase,plus inflation,has me strongly considering moving out of the town that I love so <br /> much. It's simply unaffordable for middle and low income families to thrive here. Please at <br /> least revise my tax value to be reflective of the market now,not at its peak back in January. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 1,502-sf townhome with 2 bedrooms and 2 baths built in 1987 located <br /> in the Fairoaks subdivision in Chapel Hill. This unit sold in June of 2023 for$407,000. <br /> • Based on recent sales of this property and similar units,The County recommends increasing <br /> the land adjustment from -10%to -15%resulting in a reduced value from $432,000 to <br /> $418,500. <br /> • Photo of subject <br /> • GIS Map <br /> • Sales and Equity Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Continue to a Future Date/Time: Reassess all active Fair Oaks <br /> appealed properties <br /> Made the motion Leon Meyers <br /> Seconded the motion Barbara Levine (in PM 10/30 meeting) <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Leroy C. Hutto Appellant(if different) <br /> Property Address 25 South Circle Drive I Parcel ID or Abstract 19777736705 <br /> Statement of Appeal: Request reduction in value based on bedroom sizes, square footage, and deck <br /> utility/description. <br /> Current Assessed Value $504,800 ounty Opinion $436,000 <br /> Time of Hearin 12:06 AM Appellant Opinion $408,000 <br /> County Representative Kelly Wells Board Decision $436,000 <br /> Evidence submitted by the appellant: <br /> • One bedroom is small,the other two are moderate with no attached master bathroom. The <br /> overall square footage is 2547. The front deck is not a deck because it cannot seat any <br /> individual so therefore it is an entryway. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 2,684-sf single family home with 3 bedrooms, 2 baths, a basement <br /> garage and finished basement area built in 1960 located at 25 S Circle Dr. in Chapel Hill. <br /> • Due to the lack of upgrades and deferred maintenance, The County recommends reducing the <br /> effective year built from 1995 to 1965 and adding a 5%layout depreciation for no master bath <br /> resulting in a reduction in value from$504,800 to$436,000. <br /> • Photo of subject <br /> • GIS Map <br />