2026_01_29 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: BOF983D6-EAD9-4D5D-A13A-EE8461FA1918 County Representative I Kelly Wells Board Decision $373,600 Evidence submitted by the appellant: • Recent purchase price and comparable sales. Evidence submitted by the county representative: • The subject property is a 2,079 square foot single family home with 4 bedrooms and 2& 1/2 baths built in 2018 on a.22-acre lot in The Meadows subdivision in Mebane. • The subject property was last sold in March of 2021 for$284,000. • Based on sales and equity of very similar homes in the neighborhood,The County recommends no change in value. • Photo of subject • GIS Map • Sales and Equity Analysis • Current Property Record Card Motion of the Board Accept Coun 's Proposed Value: $373,600 No change in value Made the motion Shannon Julian Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner MCH SFR NC Owner 1 Appellant(if different) Judson Bracewell/ LP Ryan LLC (Presented by Mason Schuster Property Address 103 Green Pasture Road Parcel ID or Abstract 9825752058 Statement of Appeal: Request reduction in value based on the Income Approach to valuation. An Income Analysis (GRM) document was supplied. Current Assessed Value $324,100 County Opinion $324,100 Time of Hearin 2:37 PM Appellant Opinion $313,000 County Representative Louise Benson- Board Decision $324,100 Lochner Evidence submitted by the appellant: • The appellant states a reduction in value should be made based on the Income Approach to valuation. An Income Analysis(GRM)document was supplied noting a monthly rent of$2,060 and a GRM of 152 for an Indicated Value of$313,100. • It was noted the property was purchased on 11/16/2021 for$315,000. • No additional evidence e.g.,photos, repair bids, comparable sales were provided. 11