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Docusign Envelope ID: D13AOB92-9ECB-4FD7-81F3-B83108AADEBF <br /> Motion of the Board Value Changed as Follows: $501,900 <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 Adrian R. Halpern Appellant(if different) <br /> Property Address 200 McCauleyStreet Parcel ID or Abstract 19788356456 <br /> Statement of Appeal: Request reduction in value based on grade and condition. <br /> Current Assessed Value $783,700 ounty Opinion $672,700 <br /> Time of Hearin 11:20AM Appellant Opinion $493,700 <br /> County Representative Dana Hall Board Decision $672,700 <br /> Evidence submitted by the appellant: <br /> • Appeal summary uploaded in Spatialest. <br /> Evidence submitted by the county representative: <br /> • On November 13,2025, a field visit with the taxpayer/appellant was completed for the subject <br /> property located at 200 McCauley Street, situated at the corner of Pittsboro Street and <br /> McCauley Street in Chapel Hill. The property's location offers significant advantages for <br /> students attending UNC and for rental purposes. Because of these benefits, it is recommended <br /> that the land value classified as commercial acreage remain unchanged, as it appropriately <br /> reflects an income-producing property. The improved building structure on the parcel had <br /> previously been categorized as a multifamily apartment building. Based on current information <br /> indicating that the structure can house four or fewer dwelling units, it is recommended that the <br /> building classification be updated to a Two to Four Family Residential Building.A new sketch <br /> and updated building details have been prepared in Test AP5, supporting a recommended <br /> building value of$301,900. <br /> • The two comparable sales cited in the appellant's summary(301 N. Columbia and 204 <br /> McCauley Street) are not valid comparables for the 2025 revaluation,as both transactions <br /> occurred after January 1, 2025. Additionally,the July 15, 2025 sale of 204 McCauley Street <br /> appears to be a related party transaction, as the owner of Abriata Group LLC, Adrian Halpern, <br /> is also the owner of the neighboring parcel. <br /> • After updating the building condition and structure type,the County recommends a revised <br /> total value of$672,700. <br /> • Photos of Subject <br /> • GIS Map <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Count 's Proposed Value: $672,700 <br /> Made the motion Richal Vanhook <br /> 11 <br />