2025_10_30 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:5E70BEDB-1C5C-4D06-AFFC-C88435F8F715 • Based on the available data,the County finds that the appellant has not provided sufficient credible evidence to warrant an adjustment. Therefore, the County recommends no change to the current assessed value of$435,300. • Subject Photo • GIS Map • Property Record Card Motion of the Board Accept County's Proposed Value: $435,300 No Change Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against ... Property Identification: Property Owner Li Wang Appellant(if different Property Address 1002 Willow Drive,Unit 4 Parcel ID or Abstract 9799137408.004 Statement of Appeal: Request reduction in value based on comparable properties. Current Assessed Value $272,300 ounty Opinion $259,900 Time of Hearin 9:43 AM Appellant Opinion $270,000 County Representative C le Anderson Board Decision $259,900 Evidence submitted by the appellant: The appellant states: • "The properties I selected are all located within the same subdivision,built by the same builder, and share a similar layout and structure. Based on the average sold price per square foot of$295.57,my home's estimated value is $272,300. Given that my home remains in its original condition with no upgrades since construction,I respectfully request a reassessment of my property's market value at$270,000 to more accurately reflect local market trends and comparable sales." • As supporting documentation,the appellant included three comparable sales from the subject's condominium project. Evidence submitted by the county representative: • The subject property is a 918-square-foot condominium located at 1002 Willow Drive,Unit 4, in Chapel Hill. The appellant provided three comparable sales from within the subject's neighborhood. Two of these comparables were not considered by the County, as both sold after the January 1,2025, appraisal date. The third comparable,which sold in 2024, was included in the County's sales analysis. • County staff visited the subject property for physical verification and photographs. The County also reviewed a sales analysis of recently sold condominiums within the subject's neighborhood. • After review, the County recommends reducing the subject's Effective Year Built from 2012 to 2007. This adjustment aligns the subject's price per square foot with the 2024 comparable sales in the neighborhood.