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Docusign Envelope ID: BOF983D6-EAD9-4D5D-A13A-EE8461FA1918 <br /> Property Owner LH3 Property North Appellant(if different) Judson Bracewell/ <br /> Carolina LP Ryan LLC (Presented <br /> by Mason Schuster <br /> Property Address 103 Acadia Court Parcel ID or Abstract 9826366476 <br /> Statement of Appeal: Request reduction in value based on the Income Approach to valuation. <br /> Current Assessed Value $402,900 ounty Opinion $402,900 <br /> Time of Hearin 2:28 PM Appellant Opinion $329,100 <br /> County Representative Kelly Wells Board Decision $402,900 <br /> Evidence submitted by the appellant: <br /> • Income: <br /> o Monthly Rent: $2,165 <br /> o Annual Rent: $25,980 <br /> o GRM: 152 <br /> o Indicated value: $329,100. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 2,475 square foot single-family residence with 4 bedrooms and 2& <br /> 1/2 baths,built in 1999, and located in Mebane. <br /> • As the property is a single-family home, the sales comparison approach is the most appropriate <br /> for market-based valuation. Based on sales and equity,the County recommends no change in <br /> value. <br /> • Photo of subject <br /> • GIS Map <br /> • Sales and Equity Analysis <br /> • Current Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $402,900 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 FKH SFR Propco D LP Appellant(if different) Judson Bracewell/ <br /> Ryan LLC(Presented <br /> by Mason Schuster <br /> Property Address 132 Campaign Drive Parcel ID or Abstract 9824228543 <br /> Statement of Appeal: Request reduction in value based on recent purchase price and comparable sales. <br /> Current Assessed Value $373,600 County Opinion $373,600 <br /> Time of Hearing 2:31 PM Appellant Opinion $348,000 <br /> 10 <br />