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Docusign Envelope ID:A5042F46-AF25-45CO-912B-AADOE81E2977 <br /> - Storm water runoff <br /> - Proximity to short-term rental units <br /> - Proximity to high traffic areas <br /> Evidence submitted by the county representative: <br /> • 120 Woodbridge Lane—Chapel Hill <br /> • Appellant States: <br /> • The appellant cites multiple concerns related to the property's condition and maintenance <br /> issues. <br /> • County Staff Review: County staff conducted both an interior and exterior inspection. The <br /> interior showed no updates since construction,with cracks in the drywall,torn carpet, leaking <br /> and fogged windows, and overall deferred maintenance. The exterior exhibited brick separation <br /> from the slab, rotted windowpanes, and a deteriorated rear privacy fence. <br /> • The lot currently carries a-5%adjustment for proximity to the nearby hotel. However, <br /> wastewater runoff affecting the right side of the property has likely contributed to foundation <br /> problems. <br /> • County staff also reviewed a sales analysis of recently sold units within the subject's <br /> neighborhood. The price per square foot of these sales exceeds the value per square foot of the <br /> subject property, as all comparable units have been extensively renovated and do not exhibit <br /> the physical issues observed for the subject. For this reason,the sales analysis was given <br /> limited weight. <br /> • Recommendations: <br /> - Reduce the Effective Year Built from 1995 to its actual year built of 1984 to reflect the lack <br /> of updates. <br /> - Apply a 30%Physical Depreciation adjustment for interior and structural issues. <br /> - Increase the Land Adjustment from-5%to-10%to account for the wastewater runoff and <br /> possible resulting impact on the foundation. <br /> • These recommended adjustments would result in a revised assessed value of$233,800 for the <br /> subject property. <br /> • Subject Photo <br /> • GIS Map <br /> • Sales Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $233,800 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br />