2025_12_17 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Based on the location of the subject,I would recommend a more aggressive land adjustment for the access around 40%to 50%.Additionally, I would recommend less or no adjustment on the "shape"because I believe the shape of the property is ideal for a new home to be built upon. • Based on these recommendations, The County recommends removing the shape adjustment on the land but increasing the overall adjustment to -45%to account for access (no road frontage) and the easement,resulting in a reduced value from$392,000 to$385,000 • Photo of Subject • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $385,000 Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property OwnertDwight De Bree A ellant(if differentProperty Addre5 North Street, Chapel Parcel ID or Abstract 9788594592 ll,NC 27514 Statement of Appeal: Request reduction in value based on perceived overstated land value, comparable property, lack of street frontage, resource conservation district, and driveway easement. Current Assessed Value $554,000 ounty Opinion $554,000 Time of Hearin 2:20 PM Appellant Opinion $454,000 County Representative Kelly Wells Board Decision $484,000 Evidence submitted by the appellant: • I am submitting this appeal to contest the 2025 assessed value of my property located at 515 North St, Chapel Hill,NC 27514. I believe the current assessment overstates the fair market value of this property as of January 1, 2025. Grounds for Appeal Land Value Valued: $350,000,Reasonable Land Value: $250,000 *Comparable land value: Boundary Street * It is a flag lot with no street frontage on North Street or any other street * It is accessed via a driveway easement that is shared by 5 properties•About 90%of the lot is on a steep slope and 100%of the lot is sloped * About 70%of the lot is in the resource conservation district and cannot be touched * About 5%of the lot is covered by the driveway easement Evidence submitted by the county representative: • The property is a 1,812 sf single family home with 3 bedrooms and 2 baths build in 1982 on a .24 acre lot in the Historic District in Chapel Hill. • Although North Boundary Street properties are adjacent to the subject,they are considered by The County to be in a different neighborhood with a different land rate based on sales.