2025_12_10 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:2AE380D6-CCFA-4E2C-9964-9023855FBC51 • Tanner Valuations Group reviewed the property and the appeal and recommend reducing the effective age built from 1977 to the actual year built to 1967 and reducing the condition of the building from average to fair resulting in a revised value from$302,500 to $275,100. • Photo • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Value Changed as Follows: $255,100 Made the motion Saru Salvi Seconded the motion Barbara Levine Voted For All BOER Members Voted Against ... Property Identification: Property Owner Matthew W. Fearrin ton Appellant(if different Property Address 116 Starlite Drive Parcel ID or Abstract 9788070208 Statement of Appeal: Request reduction in value based on environmental factors (flooding) and comparable sales. Current Assessed Value $241,700 ounty Opinion $231,700 Time of Hearin 9:45AM Appellant Opinion $200,640 County Representative Kelly Wells Board Decision $225,700 Evidence submitted by the appellant: • Environmental factors: The properties on this block see significant flooding. It's common for water to flood behind the lots all the way up to the buildings. • Comparable Sales: Skewed market data toward renovated and newer homes,inflating the neighborhood market. • Hudson Vaughn was called as a witness and presented evidence on behalf of the appellant. Evidence submitted by the county representative: • The subject property is a single-family brick ranch with 960 sf, 2 bedrooms and 1 bath built in 1962 located in the Northside district in Chapel Hill. • During a BOER ordered neighborhood review,the land base rate was reduced from$225,000 to $200,000 with a reduction on smaller lots for floor area ratio restrictions. • After further review, The County recommends increasing the land adjustment from-25%to- 30%to account for the continual flooding on the property reducing the value from$241,700 to $231,700. • Photo • GIS Map • Sales and Equity Analysis