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Docusign Envelope ID: EFC2B295-7589-48A0-88CA-A5037E1D20D9 <br /> Property Identification: <br /> Property Owner Jeffrey B. Neelon Appellant(if different) <br /> Property Address 215 Hillsborough Street Parcel ID or Abstract 9788488688 <br /> Unit A <br /> Statement of Appeal: Request reduction in value based on comparable properties' value per square foot. <br /> Current Assessed Value $606,200 ounty Opinion $571,200 <br /> Time of Hearin 1:OOPM Appellant Opinion $388,000 <br /> County Representative Kelly Wells Board Decision $536,200 <br /> Evidence submitted by the appellant: <br /> • Our house has .I I acres of land and is appraised at$490,000.00 or$102.26 per square foot. There <br /> are discrepancies with our neighbors who all have better lots. <br /> • The best comparison is 213 Hillsborough located behind and adjacent to us. .51 acres, <br /> $581,000.00 at$25.65 per square foot. 214 Hillsborough is a block away at .54 acres, <br /> $700,000.00 and$29.76 per square foot appraisal. 211 Hillsborough, .21 acres, $700,000.00, <br /> $76.52 per square foot. Road frontage. 217 Hillsborough, .18 acres, $700,000.00, $89.72 per <br /> square foot,Road frontage. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 972-sf home with 2 bedrooms and 2 baths built in 1937 on a.11-acre lot <br /> in the historic district of Chapel Hill off Hillsborough Street, also owning a 1/3 undivided interest <br /> in the commons area(PIN 9788488782). <br /> • Based on equity, The County recommends increasing the land adjustment from-25%to-35%to <br /> be more comparable to the neighboring property of 219 Hillsborough St as they are similar in <br /> size and also owners of the undivided interest in the common area. This would result in a revised <br /> value from $606,200 to $571,200. <br /> • Photo of Subject <br /> • GIS Map <br /> • Sales and Equity Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Value Changed as Follows: $536,200 <br /> Made the motion Leon Meyers <br /> Seconded the motion Barbara Levine <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner I Balwinder S. Bhu al Appellant if different <br />