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Docusign Envelope ID: D708FC70-AF18-4B68-9AB6-2D010EOD1629 <br /> Current Assessed Value $694,200 County Opinion $694,200 <br /> Time of Hearin 9:23 AM Appellant Opinion $694,200 <br /> County Representative Roger Gunn Board Decision $694,200 <br /> Evidence submitted by the appellant: <br /> • The appellant is considering the valuation of this parcel collectively with PINs 9789197059 <br /> and 9789198723. From actual income in 2023 and 2024,the appellant is requesting that the <br /> collective value of the three parcels be reduced from the current$43,247,500 to $36,155,500 <br /> with the subject's current valuation of$694,200 remaining allocated to the subject property. <br /> Evidence submitted by the county representative: <br /> • The subject is a 1.66-acre vacant parcel on Northfield Drive and Brookstone Drive that is <br /> considered part of the Chapel Ridge Student Housing Apartments complex. As the appellant is <br /> not requesting a change in value for the subject,the County is also recommending no change in <br /> value for the subject as the overall collective valuation of the three parcels supports the current <br /> assessed value. <br /> • GIS Map of Subject <br /> • Current Property Record Card(2 pages) <br /> • Income Approach <br /> • Comparable Student Housing Sales <br /> Motion of the Board Accept Coun 's Proposed Value: $694,200 No change in value <br /> Made the motion Richal Vanhook <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Chapel Hill Franklin Street Appellant(if different) Morgan Fowler/Ryan <br /> Labs 1 LLC LLC <br /> Property Address 1 .14 acre off Franklin Street Parcel ID or Abstract 9788260736 <br /> Statement of Appeal: Request reduction in value based on the valuation of this parcel collectively with <br /> five other parcels as a shopping center property from actual income in 2022,2023, and 2024 and a market <br /> proforma. <br /> Current Assessed Value $705,400 ounty Opinion $705,400 <br /> Time of Hearin 9:25 AM Appellant Opinion $603,236 <br /> County Representative Roger Gunn Board Decision $705,400 <br /> Evidence submitted by the appellant: <br /> • The appellant is considering the valuation of this parcel collectively with five other parcels as a <br /> shopping center property. From actual income in 2022,2023, and 2024 and a market proforma, <br /> 4 <br />