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Docusign Envelope ID:43560945-04CF-4CB1-9034-34AEEA2DCF99 <br /> (Morgan Fowler/Ryan LLC) <br /> 11 1:38PM Chapel Hill 336 LLC 9789365443 Remote Value-Real <br /> (Morgan Fowler/Ryan LLC) <br /> 12 1:53PM Shelton Station Apartments LLC 9778970532 Remote Value-Real <br /> (Morgan Fowler/Ryan LLC) <br /> 13 3:OOPM KIWA LLC 9778913957 Remote Value-Real <br /> (Debbie Askins/Ryan LLC) <br /> 14 3:05PM KIWA LLC 9778919619 Remote Value-Real <br /> (Debbie Askins/Ryan LLC) <br /> Time B <br /> Meeting called to order 1:OOPM Leon Meyers <br /> Meeting adjourned 3:34PM Richal Vanhook <br /> Property Identification: <br /> Property Owner 100 Regent Place LLC Appellant(if different) Morgan Fowler/Ryan <br /> LLC <br /> Property Address 91 Weaver Dairy Road Parcel ID or Abstract 9890316195 <br /> Statement of Appeal: Request reduction in value based on income and expense analysis. <br /> Current Assessed Value $456,600 ounty Opinion $456,600 <br /> Time of Hearin 1:OOPM Appellant Opinion $250,430 <br /> County Representative Jimmy Milliken Board Decision $456,600 <br /> Evidence submitted by the appellant: <br /> • See attached income and expense analysis. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 91 Weaver Dairy Road in NBC 7490. The property is a <br /> residential duplex built in 1983 and contains 2,648 square feet of living area. <br /> • The documentation submitted by the appellant suggests valuing the subject property <br /> collectively with nine other properties as an apartment property and assigning a pro-rata value <br /> to each property based on the $2,450,500 total indication of value from the income approach. <br /> However, the ten properties are all single duplexes on individual lots and have the capacity to <br /> be bought and sold separately as individual parcels. For this reason, each parcel is valued <br /> independently based on their individual property characteristics. <br /> • County staff conducted an analysis of the subject property and comparable duplex sales. Based <br /> on the findings of this analysis,the County feels the current assessed value is well supported <br /> and recommends no change to the current assessed value. <br /> • Photo of Subject <br /> • GIS Map <br /> • Analysis <br /> • Current Property Record Card <br /> 2 <br />