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Docusign Envelope ID:708E27F9-958E-4402-973A-844D66004572 <br /> Statement of Appeal: Request reduction in value based on comparable lot values. <br /> Current Assessed Value $859,200 County Opinion $859,200 <br /> Time of Hearin 2:45 PM Appellant Opinion $559,200 <br /> County Representative C le Anderson Board Decision $859,200 <br /> Evidence submitted by the appellant: <br /> • The appellant expressed concern regarding the significant disparity in lot values between the <br /> subject's neighborhood and a nearby neighborhood in proximity,with average lot values of <br /> approximately$700,000 compared to $400,000. In support of this claim,the appellant <br /> provided an aerial map highlighting the location of both neighborhoods and their close <br /> geographic relationship. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 0.3-acre lot improved with a multi-family dwelling located at 507 <br /> North Street in Chapel Hill. The appellant expressed concern regarding the significant <br /> disparity in lot values between the subject's neighborhood and a nearby neighborhood in close <br /> proximity, with base lot values of$700,000 compared to $400,000. <br /> • County staff reviewed a sales analysis of recently sold properties within the subject's <br /> neighborhood. After review, staff determined that the subject's value per square foot is less <br /> than that of the comparable sales. Therefore, staff recommends no change to the current <br /> assessment of$859,200. <br /> • Photo of Subject <br /> • GIS Map <br /> • Sales analysis <br /> • Current Property Record Card <br /> Motion of the Board Value Changed as Follows: $859,200(Correct building type <br /> from multi-family to single-family <br /> and override value to remain at <br /> current assessed value).No overall <br /> change in value. <br /> Made the motion Leon Meyers <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Larry Darnell Reid Appellant if different <br /> Property Address 1819 Purefay Drive Parcel ID or Abstract 19870647011 <br /> Statement of Appeal: Request reduction in value based on condition and needed repairs. <br /> Note: Motion to reconsider original motion when appellants appeared after the initial vote. <br /> 5 <br />