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Docusign Envelope ID:76E95FD4-D4F3-4FC2-A789-88A3F05FFCB8 <br /> Property Identification: <br /> Property Owner Spencer Donald Wood =AppeRant(if different) <br /> Property Address 1817 Powell Street I Parcel ID or Abstract 19789025820 <br /> Statement of Appeal: Request reduction in value based on comparable sale. <br /> Current Assessed Value $422,400 ounty Opinion $422,400 <br /> Time of Hearin 10:20 AM Appellant Opinion $350,000 <br /> County Representative Jimmy Milliken Board Decision $422,400 <br /> Evidence submitted by the appellant: <br /> • https://www.redfin.com/NC/Chapel-Hill/8-Powell-St-27516/home/44391788 <br /> Evidence submitted by the county representative: <br /> • The subject property is located in NBC 7430 at 817 Powell Street,was built in 1957, and <br /> contains 1,477 square feet of living area. <br /> • The appellant submitted 8 Powell Street as a comparable. This property contains 1,148 square <br /> feet of living area, which is 329 square feet less than the subject. <br /> • County staff conducted a sales and equity analysis of similar properties within the subject's <br /> neighborhood. The analysis included five sales from 2023 and 2024 with an average living area <br /> of 1,375 square feet. These properties indicate an average building value of$139.47 per square <br /> foot, an average assessed value of$307.53 per square foot, and an average sale price of <br /> $330.45 per square foot,while the subject property's building value is$127.08 per square foot <br /> and the assessed value is at$285.99 per square foot. <br /> • Based on the review and market data, the County considers the current assessed value to be <br /> supported and recommends no change in value. <br /> • Analysis <br /> • Current Property Record Card <br /> • GIS Map <br /> • Photo of Subject <br /> Motion of the Board No Change in Assessed Value $422,400 <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 Margaret Clark A ellant if different Bonita Hardin <br /> Property Address 521 Hill Street I Parcel ID or Abstract 19865713525 <br /> Statement of Appeal: Request reduction in value based on incorrect data. <br /> 11 <br />