2026_01_15 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: D13AOB92-9ECB-4FD7-81F3-B83108AADEBF Motion of the Board Accept Count 's Proposed Value: $262,500 No Change in Value Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner Kira McGovern Appellant(if different) Property Address 2224 Pathway Drive Parcel ID or Abstract 19779228679 Statement of Appeal: Request reduction in value based on townhome decision dynamics and a comparable sale. Current Assessed Value $420,800 ounty Opinion $396,400 Time of Hearin 10:43AM Appellant Opinion $355,800 County Representative Kelly Wells Board Decision $396,400 Evidence submitted by the appellant: • My understanding is that the value of my townhouse is based on the value of the single-family homes in the Fair Oaks neighborhood using a similar construction grade and land value. What was not taken into consideration is that the townhomes,which share a wall, are required to make all decisions regarding maintenance with their townhouse neighbor—decisions around siding, roofing, termite,rodent and insect control. • The sale of the 2218 Pathway Drive townhome in 2023 at$407,000 is the closest comparable to my townhome at 2224 Pathway. The Orange County records indicate this is a 1500 sq ft townhome so that would bring the townhouse price per sq ft to $271. So based on that comp, my 1250 sq ft townhouse would have an approx. value of$339,000. Given that was two years ago, I've estimated that a more accurate assessed value for my town home would be about $355,800. Evidence submitted by the county representative: • The subject property is a townhome with 1,252 square feet; 2 bedrooms and 2 baths located in Fairoaks Subdivision in Chapel Hill. • This property sold in April of 2022 for$391,500. • Based on the sale of this property and equity of similar units, The County recommends *Correcting the bath count to 2 full and 1 half bath *Reducing the grade from B to B-10 *Increasing the adjustment on the land from -10%to -15% resulting in a reduction in value from$420,800 to$396,400 • This value takes into account the issues noted in the Additional Appellant Evidence submitted and uploaded on 11/15/2025-Please see emails with photos in Spatialest. • Photo of Subject • Photos from 2022 Listing • GIS Map • Sales and Equity Analysis 9