2025_12_18 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: D8F1F6B3-4E5C-46D1-9276-28B887499D7C Evidence submitted by the appellant: • Condition/Maintenance: We live in the historic district on a small lot,but in a 1970's house that is not up to the modern standards of the neighboring larger houses on larger lots. Given features of the lot, its small size, its positioning of the former septic drainage of the house to the west, and steep slope,we do not anticipate that a new house meeting modern standards could be built on the property, especially given that a house to our east has built into the set-back on their property; hence,the newly increased property value seems very out of line with neighboring properties. The house itself is typical of the 1970s,with small bedrooms (3)and two very small bathrooms(2). The kitchen and bathrooms need renovation. We understand that property values have increased, but it is clearly excessive to go from$778,000 in 2021 to $1,385,200 in 2025 - an increase of 78%and much larger than the average increase of 46% for Chapel Hill. Evidence submitted by the county representative: • The subject property is a 2,802 square foot single family home with 3 bedrooms and 2 baths built in 1977 on a.46-acre lot on E. Rosemary Street in the Historic District in Chapel Hill. • Tanner Valuations Group reviewed the property and the appeal: "Based on a field visit to the property,I would recommend a negative -10% land adjustment given the location of the subject." The dwelling doesn't appear to have any severe deferred maintenance. • The County agrees with TVG's assessment and recommends removing the market adjustment on the land and adding an additional -10%adjustment for location(dead end dirt road) resulting in a revised value from $1,214,000 to$1,074,000. • Photo of Subject • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Coun 's Proposed Value: $1,074,000 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Chair of the ,la1dnsigned by: Leon Meyers WE 1/1/2026 Recording Se nyd by: Rob Teachout 1/1/2026