Orange County NC Website
Browse       Search
Docusign Envelope ID:2AE380D6-CCFA-4E2C-9964-9023855FBC51 <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Value Changed as Follows: $225,700 <br /> Made the motion Leon Meyers <br /> Seconded the motion Barbara Levine <br /> Voted For Leon Meyers Barbara Levine <br /> Voted Against Saru Salvi <br /> Property Identification: <br /> Property Owner Marlou Pippin Appellant(if different) Andrew Simpson <br /> Property Address 1 407 Sykes Street Parcel ID or Abstract 9788073923 <br /> Statement of Appeal: Request reduction in value based on position that valuation exceeds fair market <br /> value, land overvaluation, condition, and neighborhood vertical equity concerns. <br /> Current Assessed Value $346,400 ounty Opinion $329,000 <br /> Time of Hearin 9:53AM Appellant Opinion $256,231 <br /> County Representative Kelly Wells Board Decision $329,000 <br /> Evidence submitted by the appellant: <br /> • We respectfully submit that the current valuation significantly exceeds the fair market value of <br /> the property as of January 1,2025, and fails to account for substantial land overvaluation, <br /> condition deficiencies, and vertical equity concerns within the immediate neighborhood. <br /> • The kitchen and bathroom retain their original fixtures and configuration from the home's <br /> 1979 construction and require complete renovation. The area around the kitchen sink is <br /> actively decaying, and the flooring throughout the home requires replacement. Major systems <br /> including plumbing, electrical, and HVAC need updating or complete replacement to meet <br /> current standards. <br /> • Hudson Vaughn was called as a witness and presented evidence on behalf of the appellant. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 1,040 sf single family home with 2 bedrooms and 1 bath on a.25 acre <br /> lot in the Northside district in Chapel Hill. <br /> • During the BOER ordered neighborhood review,the base land rate was reduced from$250,000 <br /> to $220,000 resulting in the current total value of$346,400. <br /> • Based on the condition of the home, The County recommend reducing the effective year built, <br /> 1984 to the actual year built 1979 and adding an additional physical depreciation of 10% <br /> resulting in a reduction in value from$346,400 to$329,000. <br /> • Photo <br /> • GIS Map <br /> • Sales and Equity Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br />