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Docusign Envelope ID: D7A42408-4C36-41C1-8448-91E05F4708CF <br /> Motion of the Board Accept Coun 's Proposed Value: $316,600 No change in value <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Andreas Sale Appellant(if different) Dennis Haines PoA <br /> Property Address 632 Ives Court, Chapel Parcel ID or Abstract 9890605507.069 <br /> Hill,NC 27514 <br /> Statement of Appeal: Request reduction in value based on condition and comparable sales. <br /> Current Assessed Value $344,800 ounty Opinion $328,300 <br /> Time of Hearin 11:10 AM Appellant Opinion $297,585 <br /> County Representative C le Anderson Board Decision $328,300 <br /> Evidence submitted by the appellant: <br /> • The appellant states that subject has not been updated and provided five comparable sales from <br /> the subject's condominium project as supporting evidence. <br /> • Dennis Haines represented the Sal es with a signed PoA —Rob Teachout <br /> Evidence submitted by the county representative: <br /> • The subject property is a 1,216 square foot condominium located at 632 Ives Court within the <br /> Providence Glen condominium project in Chapel Hill.The appellant states that the subject unit <br /> has not been updated since construction and provided five comparable sales as supporting <br /> documentation. <br /> • County staff reviewed the five comparable sales submitted by the appellant. Three of the <br /> comparables sold after the reappraisal date of January 1, 2025, and therefore could not be <br /> considered. The remaining two comparables sold in 2024 and were included in the County's <br /> sales analysis. With regard to the lack of updates,the subject's effective year built is already set <br /> to the actual year built of 2004. <br /> • After review, County staff recommends applying a construction modifier of 0.95, which <br /> reduces the assessment to $328,300. This adjustment places the subject's price per square foot <br /> slightly below that of the comparable sales, as values within the subject's neighborhood <br /> trended downward from early 2024 through late 2024. <br /> • Photo of Subject <br /> • GIS Map <br /> • Sales Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $328,300 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br />