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Docusign Envelope ID: D13AOB92-9ECB-4FD7-81F3-B83108AADEBF <br /> • County staff reviewed the submitted documentation and conducted a sales analysis of D- <br /> graded homes that have recently sold within the subject's neighborhood. Based on this review, <br /> staff recommends applying 15%physical depreciation to the subject dwelling. <br /> • Additionally,the subject's lot value was reduced from$100,000 to$80,000 as part of a Board- <br /> ordered neighborhood review. <br /> • With the recent land value adjustment and the recommended additional 15%physical <br /> depreciation, staff proposes a revised assessment of$140,700 for the subject property. <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 Count 's Proposed Value: $140,700 <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 ONeal Rental Properties, Appellant(if different) <br /> LLC <br /> Property Address 1359 Summerwalk Circle Parcel ID or Abstract 9798607721.005 <br /> Statement of Appeal: Request reduction in value based on three recently sold comparable. <br /> Current Assessed Value $262,500 ounty Opinion $262,500 <br /> Time of Hearin 10:27AM Appellant Opinion $235,000 <br /> County Representative C le Anderson Board Decision $262,500 <br /> Evidence submitted by the appellant: <br /> • The appellant provided three recently sold comparable units as supporting documentation. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 975-square-foot condominium located within the Finley Forest <br /> Condominium development in Chapel Hill. Staff reviewed the appellant's three comparable <br /> sales; however, none were utilized in this analysis,as two are located in Durham County and <br /> the third was sold in 2025. Staff reviewed a sales analysis using four comparable 2024 sales of <br /> identically sized units within the subject's neighborhood. The analysis indicates that the subject <br /> property's price per square foot is consistent with recently sold comparable units. Therefore, <br /> staff recommends no change to the current assessed value of$262,500. <br /> • GIS Map <br /> • Sales Analysis <br /> • Current Property Record Card <br /> 8 <br />