2025_12_16 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: D7A42408-4C36-41C1-8448-91E05F4708CF Evidence submitted by the appellant: 1. I bought this house on Jan 6th, 2025, at$1,240,000 which has been competed with other buyer, that price already included some mark up 2. we just make a simple analysis on recent sold house in Chapel Hill or Durham nearby within 90 days, a. 359 Abbot Pl. $927K for 3366 SQFT, $275/sgft b.105 Cross Creek Dr. $1.35M for 4778 sqft, $283/sqft c. 413 Palafox Dr. $710K for 2810sgft$253/sgft all sold above reflect the average selling price/sqft in this area should be$250 to$290,let's make a simple assumption at $270 for my house, times by the 3969 sqft,the according price should be $1,071,630 I am also attaching a file which is those listing houses over the market, I chose the 4b/4b or more than that, Area is over 3000 SQFT,which allow us have an Apple to Apple comparison, from the most pricing change, we could figure out the very obvious trend,the unit price of single family house in 27514 is going to the South, I am more than happy to be invited to present the most update data in the Open Market to any assessment officers,thank you very much in advance for our consideration Evidence submitted by the county representative: • The subject property is 3,954 square feet framed home built in 2017,resting on 2.56 acres of land. Prior to the current purchase of January 6,2025, at$1,240,000,the property was purchased in June of 2022 for$1,130,00 and has a current value of$1,391,100. • After reviewing the submitted documentation I find all to be data to be from 2025 and therefore inadmissible for the revaluation date of January 1,2025. • After creating a equity and sales analysis with properties of similar size, construction, neighborhood code(7937), and with the land base rate that is calculated through the Ac_9 pricing table,the values remain consistent. • Based on the two analyses processed through the CAMA system which is calculated from the 2025 County Schedule of Values,this property has a value that is aligned with the neighborhood. A no change is recommended. • Equity Analysis • Sales Analysis • Current Property Record Card • Photo of Subject Motion of the Board Value Changed as Follows: $1,363,600 (-5% adjustment to land value Made the motion Leon Meyers Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner I1-15 Property North Appellant(if different) Carolina LP Property Address 807 Blue Lake Drive Parcel ID or Abstract 9825753368 Statement of Appeal: Request reduction in value based on condition, recent income and expense data, and recent comparable sales. Current Assessed Value 1 $313,600 County Opinion $313,600