2025_12_10 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:2AE380D6-CCFA-4E2C-9964-9023855FBC51 External/Commercial location depreciation from 10%to 20%resulting in a revised value from $400,700 to $376,400. • Photo • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Value Changed as Follows: $301,100 Made the motion Saru Salvi Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner , Carolyn Evans Appellant(if different) Andrew Simpson Property Address 1 114 Starlite Drive I Parcel ID or Abstract 9788070212 Statement of Appeal: Request reduction in value based on position that valuation exceeds fair market value, land overvaluation, condition, and neighborhood vertical equity concerns. Current Assessed Value $302,500 ounty Opinion $275,100 Time of Hearin 9:31AM Appellant Opinion $257,488 County Representative Kelly Wells Board Decision $255,100 Evidence submitted by the appellant: • We respectfully submit that the current valuation significantly exceeds the fair market value of the property as of January 1,2025, and fails to account for substantial land overvaluation, condition deficiencies, and vertical equity concerns within the immediate neighborhood. • The residence exhibits substantial condition deficiencies that materially impact its fair market value and marketability. The kitchen and bathroom retain their original fixtures and configuration from the home's 1979 construction and require complete renovation. The area around the kitchen sink is actively decaying, and the flooring throughout the home requires replacement. Major systems including plumbing, electrical, and HVAC need updating or complete replacement to meet current standards. • Hudson Vaughn was called as a witness and presented evidence on behalf of the appellant. • Matthew Fearrington was called as a witness and presented evidence on behalf of the appellant. Evidence submitted by the county representative: • The subject property is a 1,232-sf single family home with 2 bedrooms and 1 bath built in 1967 on a .17-acre lot in the Northside District in Chapel Hill. • The land base price was reduced from $225,000 to$200,000 with an additional size adjustment for smaller lots due to the Floor Area Ratio restriction resulting in the current total value of $302,500.