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Docusign Envelope ID:ADDFB1EB-BBE4-4481-9F18-1365FOBA00KE <br /> 3. County sales analysis <br /> 4. Current property record <br /> 5. Proposed property record <br /> Motion of the Board Accept Count 's Proposed Value: $301,500 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Jill Ann McArdle Appellant(if different) <br /> Property Address 416 Ferguson Road Parcel ID or Abstract 19757451001 <br /> Statement of Appeal: Request reduction in value based on condition(no remodeling or upgrades). <br /> Current Assessed Value $412,600 County Opinion $412,600 <br /> Time of Hearin 2:52 PM Appellant Opinion $380,000 <br /> County Representative C le Anderson Board Decision $412,600 No change in value <br /> Evidence submitted by the appellant: <br /> • The appellant states that the dwelling has not been remodeled or updated in several years. No <br /> supporting documentation was provided with this appeal. <br /> Evidence submitted by the county representative: <br /> • Subject Property: The subject property is a 2.35-acre tract improved with a 1,578-square-foot <br /> single-family dwelling located at 416 Ferguson Road in Chapel Hill. <br /> • Appellant's Statement: The appellant contends that the interior of the dwelling is dated and <br /> that the kitchen and bathrooms have not been updated in several years. Based on these factors, <br /> the appellant believes the current assessment is excessive.No supporting evidence was <br /> provided. <br /> • County Review: County staff conducted a sales analysis of properties within the subject <br /> neighborhood that sold between January 2022 and December 2024. Seven sales were <br /> identified, six of which involved dwellings significantly larger than the subject property. One <br /> comparable sale at 3515 Moonlight Circle was similar in size to the subject dwelling. The price <br /> per square foot of that sale was consistent with the subject's current assessment. <br /> • Conclusion: After review, the County finds that the appellant has not provided sufficient <br /> evidence to support a reduction in value. Additionally,the comparable sale most similar in size <br /> to the subject supports the current assessment. Therefore,the County recommends no change <br /> to the assessed value of$412,600. <br /> • Subject Photo <br /> • GIS Map <br /> • Sales Analysis <br />