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Home My WebLink About2025_10_21 BOER Minutes Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF MINUTES Orange County Board of Equalization and Review Meeting held on October 21, 2025 Board Members in attendance: Chair of the Board Leon Meyers Yes Regular Member Saru Salvi Yes Regular Member Richal Vanhook Yes Alternate Member Shareese Alston No Alternate Member Hunter Beattie No Alternate Member Tony Blake No Alternate Member Vaughn Compton No Alternate Member Shannon Julian No Alternate Member Barbara Levine No Orange County Staff in attendance: Tax Administrator Nancy Freeman Deputy Tax Assessor Chad Phillips Chief Appraiser Kelly Wells Temporary Appraiser Assistant Rob Teachout Appraiser C le Anderson Appraiser Dana Hall Appraiser Bill Hiltbold Appraiser Jimmy Milliken Appraiser Scott Zeman Meeting Schedule: No. Time Appellant PIN or Abstract Appeared Appeal Type 1 1:OOPM Jie Qi 9870013053 Yes Value-Real 2 1:21PM Ivan Arrington 9779922945 Yes Value-Real 3 1:49PM Michael Principato 9777790936 No Value-Real 4 1:53PM Engelhardt Ventures LLC 9779203569 No Value-Real 5 2:06PM Linda Sharronne Farrington 9758799945 No Value-Real 6 2:16PM Cecilia Faucette Ray 9825478299 No Value-Real 7 2:27PM Kim H.Thung 9778267063 No Value-Real 8 2:34PM William A. Cunningham 9864864796 No Value-Real 9 2:37PM Cary A. Moskovitz 9799170097 No Value-Real 10 2:41PM Matthew M. Cook 9787353892 No Value-Real 11 2:50PM Jeffrey Bachar 9799643794 No Value-Real 12 2:55PM Genlin Hu 9880143695 No Value-Real 13 3:01PM Grace Stanley 9789025598 No Value-Real 14 3:13PM Patrick D. Muscarella 9777308420 No Value-Real Time B Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Meeting called to order 1:00 PM Leon Meyers Meeting adjourned 3:22 Leon Meyers Property Identification: Property Owner Jie Qi Appellant(if different) Property Address 1118 S. Fields Circle Parcel ID or Abstract 19870013053 Statement of Appeal: Request reduction in value based on comparable properties. Current Assessed Value $607,900 ounty Opinion $607,900 Time of Hearin 1:00 PM Appellant Opinion $510,000 County Representative Jimmy Milliken Board Decision $543,000 $324/SF Evidence submitted by the appellant: Reduction in assessed value to$510,000 Evidence submitted by the county representative: • The subject property is a one-story home in NBC 7764 at 118 S Fields Circle,built in 2000 with 1,676 square feet. After reviewing the submitted documentation, comparables#1 -#3 are 2025 sales and cannot be considered. Comparable#4 is a valid sale and was used in my analysis/Comper reports. • I found two comparable sales from 2021 to 2025 and created an analysis report that breaks out the land and improvement at a price per s/f,while keeping in mind price per s/f is only a part of the value. I also created a Comper report that show the characteristics of the subject and the comparable properties. In the Comper report,112 S Fields is a one-story home and most comparable to the subject and 109 S Fields is similar,but a two-story home,this also reflects in the analysis price per s/f. • Fencing and skylights do not drive value in the OC SOV. • Based on the reports the neighborhood illustrates equity and the County suggest no change for the $607,900 value. • Analysis • Comper Report • Map • Current Property Record Card • Photo Motion of the Board Value Changed as Follows: $543,000 $324/SF Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Voted Against ... Property Identification: Property Owner Ivan Arrington Appellant(if different) Property Address 421 Ironwoods Drive Parcel ID or Abstract 19779922945 Statement of Appeal: Requests reduction in value based on perceived overvaluation and comparable properties. Current Assessed Value $639,100 ounty Opinion $575,600 Time of Hearin 1:21 PM Appellant Opinion $442,554 County Representative Jimmy Milliken Board Decision $539,000 Evidence submitted by the appellant: My home new estimated value $639,100 is overvalued by the tax assessment. Evidence submitted by the county representative: • The subject property is a one-story home in NBC 7438 at 421 Ironwoods Dr.,built in 1986 with 1,722 square feet. During the site visit I recognized the topography mentioned in the appeal, I adjusted the land for topography by -10%. • 1 reviewed the submitted evidence and the two 2025 sales cannot be considered and eleven of the twelve sales substantially larger, adjusting the price per s/f lower. • 1 created an analysis using properties of similar size that included the March 2024 sale with 2,022s/f. After reviewing the sales in the analysis,the County suggest adjusting the land and the effective year built from 2001 to 1996 the actual year built for a new value of$575,600. • This will align the properties that are not upgraded with the renovations. • Analysis • Map • Current Property record Card • Proposed Property Record Card • GIS Map • Photo Motion of the Board Value Changed as Follows: $539,000 Made the motion Leon Meyers Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Property Owner Michael Principato Appellant(if different) Property Address 409 Rossburn Way Parcel ID or Abstract 19777790936 Statement of Appeal: Requests reduction in value based on comparable sales. Current Assessed Value $799,800 ounty Opinion 1 $799,800 Time of Hearin 1:49 PM Appellant Opinion $750,000 County Representative Dana Hall Board Decision $799,800 No Change Evidence submitted by the appellant: • The Appellant filed a formal appeal on July 16, 2025. • The Appellant listed under Recent Comparable Sale: • '100 Rivercreek Pl, Carrboro,NC 27510' • No additional evidence e.g.photos,repair bids,written reasoning were provided. Evidence submitted by the county representative: • On September 29th, a drive by visit of the subject was performed by this appraiser. A drive-by evaluation is considered to be a sufficient review due to the MLS information available and due to the nature of the appeal. Condition, grade, quality, age and site were observed.An exterior photo was gathered and is supplied in this report along with MLS photos from an August 2020 transfer. • Observations and recommendations: 1. The Comparable Sale supplied as evidence is not applicable for comparison to the subject home. The sale at 100 Rivercreek Place(PIN 9778622293)occurred on 3/20/2025 and is in NBC 7725 vs the Subject neighborhood of 7480, approximately 1 mile away, and has 600 square feet less than the Subject. 2. A review of the County record shows there are no changes needed for the amenities of the Subject,nor were any specified by the Appellant. 3. A Comper Report is attached for 2 homes located in the subject NBC (7480). These two homes are located on the same street and are 2023 sales. The amenities of the Comps bracket the Subject with no significant variation that would justify a reduction of assessed value from the current$799,800 to the requested$750,000. 5. Appellant evidence-The Appellant has not provided qualified evidence to warrant any reduction at the time of this summary. • No change is recommended. 1. Current&Recommended Property Record Card 2. Photos of Improvements - Site visit and MLS 3. Maps -Location& GIS 4. Comper report 5. PIN card for A ellant's Comp - 100 River Creek Place Motion of the Board Accept Count 's Proposed Value: 1 $799,800 No Change Made the motion Saru Salvi Seconded the motion Richal Vanhook Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Voted For I All BOER Members ... Voted Against Property Identification: Property Owner Engelhardt Ventures LLC Appellant(if different) Property Address 220 James Street Parcel ID or Abstract 19779203569 Statement of Appeal: Request reduction in value based on property age as compared to newer development. Current Assessed Value $588,900 ounty Opinion 1 $577,600 Time of Hearin 1:53 PM Appellant Opinion $465,000 County Representative Dana Hall Board Decision $577,600 Evidence submitted by the appellant: • Recent property price increases are not driven by older properties like 220 James.New developments and larger,partially newer, houses account for steeper increases. This would support a more modest price point for 220 James. Evidence submitted by the county representative: • On October 10,2025, the property was visited by Tanner Valuation Group. During the site visit, it was observed that the addition had been over-graded and should be adjusted. Several additional comparable properties in the neighborhood support an average increase in value for the 2025 revaluation, as reflected in the sales analysis.Although the appraised value remains above average—supported by the most recent sale in late 2024 at 102 Melba Circle—the county recommends adjusting only the grade of the office addition from A-05 to B-10. This adjustment results in a reduction in value of$11,300. • Sales Analysis NBH 7202 • Comparable Report: 220 James Street • Current Property Record Card • Proposed Property Record Card • GIS Map • Photo • County Recommendation: -Reduce grade for office addition in SFYI from A-05 to 13-10 (-$11,300) - $577,600 assessed value Motion of the Board Accept Count 's Proposed Value: $577,600 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Property Identification: Property Owner Linda Sharronne Appellant(if different) Farrington Property Address 11220 McCauley Lane Parcel ID or Abstract 9758799945 Statement of Appeal: Request reduction in value based on condition of house. Current Assessed Value $293,100 County Opinion $275,600 Time of Hearin 2:06 PM Appellant Opinion $150,000 County Representative Dana Hall Board Decision $271,100(+5%(to 25%) physical depreciation) Evidence submitted by the appellant: • Condition of the home does not reflect current assessment. Evidence submitted by the county representative: • A field visit was conducted on October 21, 2025,to review the condition of the home located on the property. The house is in need of multiple repairs, as described in the appellant's summary, and its condition does not reflect the currently assessed effective age of 1970.A physical depreciation of 10%is currently applied to the property assessment, and no additional value has been assigned for the fireplaces. • Current Property Record Card • Proposed Property Record Card • GIS Map • Photos County Recommendation: -Reduce the effective year built to 1957 -Increase the physical depreciation to 20% - $275,600 Motion of the Board Value Changed as Follows: $271,100(+ 5%(to25%)physical depreciation) Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: 1 Property Owner Cecilia Faucette Ray Appellant(if different) Property Address 607 Oakfield Trail I Parcel ID or Abstract 19825478299 Statement of Appeal: Requests reduction in value based on comparable property/sale valuations. Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Current Assessed Value $295,400 County Opinion $295,400 Time of Hearin 2:16 PM Appellant Opinion $250,000 County Representative Scott Zeman Board Decision $290,900 $184/SF Evidence submitted by the appellant: • The houses that are 2 bedrooms and 2 bath are selling for 230,000.4 bedrooms in the same area are selling for 290,000 which is larger than what I have. We have 2 bedrooms and 2 baths and u set the value for our house at 295,400 which is higher than the 4 bedrooms. • The appellant provides a comparable analysis with this appeal. Evidence submitted by the county representative: • A site visit by an appraiser was performed on 10/16/2025. The appellant was not at home. The appraiser performed an exterior review from the front of the residence but was unable to access the rear of the property. A photo taken from the front is included in the appeal documentation. • Appraiser observations and recommendations: 1. GRADE: The residence has a grade of C+05,which is consistent with the townhomes in this phase of The Village at Lake Michael.No change to grade is recommended. 2. AGE: The residence was built in 2006 and has an effective year built of 2011. No change to effective year built is recommended. 3. CONDITION: The residence is currently in Average condition.No change is recommended. 4. ANALYSIS OF SALES: The appellant provided a comparable analysis of three sales. The county has determined one of these sales (627 Oakfield Trail)to be unqualified, as MLS indicates the sale was within the family. The other two sales have a median price per square foot of$180. • The county performed an analysis of six sales. Due to a lack of recent sales within the same construction phase as the subject property, sales from 2023 and 2022 were used. The county analysis indicates a median sale price per square foot of$192. The subject property is currently assessed at$187 per square foot. • Based on the county analysis, no change is recommended to the subject property value. 1. Overhead and exterior photos 2. Appellant sales analysis 3. County sales analysis 4. Current recommended)property record card. Motion of the Board Value Changed as Follows: $290,900 $184/SF Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Property Identification: Property Owner Kim H.Thung Appellant(if different) Property Address 300 NC 54 Bypass Bldg D, Parcel ID or Abstract 9778267063 Unit 3 Statement of Appeal: Requests reduction in value based on condition and comparable properties. Current Assessed Value $250,300 ounty Opinion $250,300 Time of Hearin 2:27 PM Appellant Opinion $210,000 County Representative Scott Zeman Board Decision $250,300 No Change Evidence submitted by the appellant: • The house did not undergo any major renovation since its last purchase [in 2017]. The kitchen, bathroom, flooring, deck, appliances, windows, and doors are all old. The land evaluation is a bit high considering its size. • The appellant has provided a comparable analysis, interior photos, and a listing for sale of 145 Coleridge Court. Evidence submitted by the county representative: • A county appraiser performed a site visit on 10/20/2025. The appellant was not at home, but the appraiser was able to review the property from the exterior. An exterior photo was taken by the county appraiser, and interior photos were provided by the appellant. • Appraiser observations and recommendations: 1. GRADE: The residence has a grade of C+10 which is consistent with all townhomes in Fenway Park. No change to grade is recommended. 2. AGE: The residence was built in 1987 and also has an effective year built of 1987. The appellant's interior photos show dated appliances and fixtures, as well as some drywall repairs and ceiling stains. The current effective year built is indicative of these issues, and no change is recommended. 3. CONDITION: The residence is currently in Average condition for its age.No change to condition is recommended. 4. ANALYSIS OF SALES: The appellant's comparable analysis includes six qualified sales from Poplar West Townhomes, Village Square, and Canterbury Townhomes. These six sales have a median sale price per square foot of$262. The subject property is currently assessed at$241 per square foot. • There were no sales in the subject neighborhood, Fenway Park,in 2023 or 2024. The county used sales from Canterbury Townhomes in its analysis, as it is the most similar neighborhood in terms of age and quality of construction. The county's sales analysis determined a median sale price per square foot of$247,which is higher than the subject property's assessment of $241 per square foot. Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • Based on the comparable analysis above, and considering the current effective year built accurately indicates the age of the subject property,no change in value is recommended. 1. GIS map 2. Exterior photo 3. Interior photos 4. Appellant's comparable listing- 145 Coleridge Ct. 5. Appellant's comparable analysis 6. County's comparable analysis 7. Current property record card 8. Proposed property record card Motion of the Board Accept County's Proposed Value: $250,300 No Change Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner William A. Cunningham Appellant(if different) Property Address 311 W.Tryon Street Parcel ID or Abstract 9864864796 Statement of Appeal: Requests reduction in value based on statement of sale price of house next door. Current Assessed Value $607,100 ounty Opinion $607,100 Time of Hearin 2:34 PM Appellant Opinion $500,000 County Representative C le Anderson Board Decision $607,100 No Change Evidence submitted by the appellant: • The appellant is requesting that the board reduce the assessment to$500,000. • The appellant states that the house next door sold for$325,000. No supporting documentation was filed with this appeal. Evidence submitted by the county representative: • Subject Property Summary: The subject property is a one-story single-family residence containing 3,070 square feet of living area, situated on a 0.70-acre lot at 311 W. Tryon Street in the Downtown Historic District of Hillsborough. • Appellant's Statement: The appellant asserts that the house next door sold for$325,000 but did not provide an address or a sale date. • County's Analysis: Upon review,the County identified what is believed to be the referenced sale-307 W. Tryon Street, located adjacent to the subject property. According to County and MLS records,this property sold in May 2024 for$360,000. A copy of the recorded deed for this transaction is included within the County's evidence. Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • The County also prepared a sales comparison spreadsheet utilizing both the subject property and the appellant's cited comparable. However,the County finds that location and land value are the only significant similarities between these two properties. The structures themselves are not comparable—the subject dwelling offers 3,070 square feet of finished living area, compared to only 792 square feet for the appellant's cited property. • Recommendation: Based on the evidence and analysis,the County recommends no change to the current assessed value, as the appellant has not provided sufficient or relevant information to support their opinion of value. • Subject Photo • GIS Map • Deed For Appellant's Comp • Analysis • Subject Property Record Card Motion of the Board Accept Count 's Proposed Value: $607,100 No Change Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner Cary A. Moskovitz Appellant(if different) Property Address 1200 Ridgecrest Drive Parcel ID or Abstract 19799170097 Statement of Appeal: Request reduction in value based on condition and comparable properties. Current Assessed Value $713,400 ounty Opinion $690,200 Time of Hearin 2:37 PM Appellant Opinion $609,000 County Representative Jimmy Milliken Board Decision $690,200 Evidence submitted by the appellant: • Our house has not been substantially updated in decades. For example,we still have the original bathtubs in both bathrooms. The master bath is only 50 sq ft,which is much below current norms. • There are not many properties in the area of our size.We find these three comps on COMPER: (1) 115 Old Oxford Road; (2) 1905 Rolling Road; (2) 1805 Rolling Road. The average of these sales is: $609,000. Evidence submitted by the county representative: • The subject property is a 2,276 square foot frame home with 3 bedrooms and 2 & 1/2 baths built in 1958 and located in NBC 7492. Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • After reviewing the submitted Comper sales I found that 1805 Rolling Road was in mostly original condition and in need of updating at its time of sale and 115 Old Oxford Road to be much larger in finished square footage than the subject. • I created an analysis of more similar sized properties from NBC 7492 to more accurately reflect the market. After reviewing the sales in the analysis, Comps 41 -#3 have upgrades and Comp 44 was described only as well maintained.Also,all comps construction appear to be superior. As a result, I propose lowering the subject's grade from B-10 to C+10 and the effective year built will remain at 1975, considering the property has had additions and some renovation since its original 1958 construction. • The County's suggested adjustment would create a revised value of$690,200. • Analysis • Map • Current Property Record Card • Proposed Property Record Card • GIS Map • Photo Motion of the Board Accept Count 's Proposed Value: $690,200 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner Matthew M. Cook Appellant(if different) Property Address 112 Founders Ridge Drive I Parcel ID or Abstract 19787353892 Statement of Appeal: Request reduction in value based on appraisal for property tax assessment. Current Assessed Value $1,572,100 ounty Opinion $1,482,100 Time of Hearin 2:41 PM Appellant Opinion $1,460,000 County Representative Jimmy Milliken Board Decision $1,482,100 Evidence submitted by the appellant: • Professional Appraisal by John McPhaul III on 7/7/2025 valued the property at $1,460,000 as of January 1, 2025, for purposes of property tax assessment. Evidence submitted by the county representative: • The subject property is in NBC 7507 and contains 3,915 square feet, it is a frame home with 5 bedrooms and 4& 1/2 baths built in 2012. This property was previously adjusted to its current valuation during the informal appeal period. Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • I reviewed the submitted appraisal and the findings as follows: Comparables#1 and#2 are from NBC 7048, in which the land is valued through Ac_9 acreage pricing table. The two comps are not in an established neighborhood like the subject, and the only strong comparison is the size. However,they are all considered to be custom homes with similar locations. The land appears to be the largest issue between the appraisal and the County's value. Based on the appraisal, the subject's land is valued at 29%of its appraisal value, indicated from the sales comparison approach. If we consider the sales prices of Comps. #1 and#2 at the appraisals 29%for land value, the land value will exceed$600,000 in both sales. • I created an analysis of the sold properties within the subject's neighborhood to illustrate the land and buildings values at a price per square foot that includes all attachments. Yard items were broken out. • I took the two sales in the analysis that are also in the appraisal along with the remaining two properties in the appraisal, added their sales prices per square foot based on county records and divided them by the four properties yielding an average price per square foot of$372.86. and when applied to the subject would calculate to an appraised value of$1,459,747. • The County suggests adjusting the land-15%based on plat information of RCD(Resource Conservation District),that restricts development. This will create a new value of$1,482,100, which is approximately 1.5%higher than the appellant's appraisal. • Analysis • Map • Plat • Current Property Record Card • Proposed Property Record Card • Photo Motion of the Board Accept Count 's Proposed Value: $1,482,100 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner Jeffrey Bachar Appellant(if different) Property Address 422 Tinkerbell Road Parcel ID or Abstract 19799643794 Statement of Appeal: Request reduction in value based upon perceived overvaluation and comparable properties. Current Assessed Value $511,900 ounty Opinion $498,100 Time of Hearin 2:50 PM Appellant Opinion $427,840 County Representative Jimmy Milliken Board Decision $498,100 Evidence submitted by the appellant: Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF i • Feel the property is overvalued and attached a Comper report for support. Evidence submitted by the county representative: • Subject property is located in NBC 7420 at 422 Tinkerbell Road,has 1,528 square feet, and was built in 1966. The property was purchased in March of 2023 for$555,000 and is currently valued at$511,900. In reviewing the appellant's Comper report, Comparables#3 -#7 are larger than the subject which contributes to a lower value per square foot, and 4 of the 5 comps. carry a higher grade. • An analysis was created and as a result, the County suggests lowering the grade from C+10 to C, adjusting the effective year built from 1991 to 2005 for renovations and applying a 5% functional depreciation for the split HVAC units. This will create a revised value of$498,100. • The sales in the analysis range from$309 to $351 per square foot with the subject's proposed value at$326 per square foot. • Current Property Record Card • Proposed Property Record Card • Maps • GIS Ma Motion of the Board Accept Count 's Proposed Value: $498,100 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner Genlin Hu Appellant(if different) Property Address 119 Lonebrook Drive Parcel ID or Abstract 19880143695 Statement of Appeal: Request reduction in value based on comparable sales. Current Assessed Value $684,000 ounty Opinion $682,900 Time of Hearin 2:55 PM Appellant Opinion $640,000 County Representative Bill Hiltbold Board Decision $680,000(very strong comp) Evidence submitted by the appellant: • Comparable homes sold in the same neighborhood around l/l/2025: • 111 Tremont Cir. • 112 Tremont Cir. • 207 Tremont Cir. • 106 Juliette Ct. • 101 Macrae Ct. 9 115 Lonebrook Dr. Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF Evidence submitted by the county representative: • I visited the property and discovered the patio not on the sketch and adding it increased the value of the building. The sales analysis shows the subject valued below the average and median of the comps by $3,600 but the median sale price of comps is only $672,500 and 112 Tremont Cir. is almost identical to the subject and sold for$680,000. • Adjusting the effective year built to 2003 will bring the subject more in line with sales. 1. Photos 2. GIS map 3. Sales analysis 4. Property record card before 5. Property record card after 6. Correspondence • If the board accepts these changes the building value would decrease from$384,000 to $382,900. Total property value would change from$684,000 to $682,900. Motion of the Board Value Changed as Follows: 1 $680,000 Made the motion Leon Meyers Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner Grace Stanley Appellant(if different) Property Address 805 Powell Street Parcel ID or Abstract 9789025598 Statement of Appeal: Requests reduction in value based on condition and comparable properties. Current Assessed Value $423,200 County Opinion $355,700 Time of Hearin 3:01 PM Appellant Opinion $327,000 County Representative Bill Hiltbold Board Decision $355,700 Evidence submitted by the appellant: • Two comparable sales: - 8 Powell Street, 377ft away. Sold for$350,000 on November 14, 2024. Home is similar square footage,but on a much larger lot(.72 acres vs .39). -217 Barclay Rd, 1310ft away. Sold for$385,000 on August 30, 2023. Has 2 full bathrooms vs only 1 in my property, alongside considerable upgrades;updated kitchen(mine is the original from 1952), and new HVAC. • Purchased on December 11, 2024, for$327,000. County is now setting the value at$423,200, almost 30%more than what we paid for the property in December, and over 50%more than it's previous valuation of$275,000. Evidence submitted by the county representative: • I measured the house and corrected the sketched living area from 1310 to 1160 square feet. Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • The county recommends changing the effective year built from 1990 to the year built of 1955 and physical condition from average to fair. 1. Photos 2. GIS Map 3. Current Property Record Card 4. Proposed Property Record Card 5. Correspondence County Recommendation: • If the board accepts these changes the building value would decrease from$173,200 to $105,700. Total property value would change from$423,200 to $355,700. Motion of the Board Accept Count 's Proposed Value: 1 $355,700 Made the motion Leon Meyers Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner Patrick D. Muscarella Appellant(if different) Property Address 414 Yorktown Drive I Parcel ID or Abstract 19777308420 Statement of Appeal: Requests reduction in value based on 2024 refinance appraisal. Current Assessed Value $467,000 ounty Opinion 1 $445,400 Time of Hearin 3:13 PM Appellant Opinion $437,000 County Representative Kelly Wells Board Decision $445,400 Evidence submitted by the appellant: • Opinion of value based on appraisal in 2024 for a refinance. Evidence submitted by the county representative: • The subject property is a 1,962 sf single family home with 4 bedrooms, 2 baths and finished basement area built in 1968 located in Heritage Hills of Chapel Hill. • Based on information provided in the appraisal and a site visit,The County recommends • Correcting the sketch with more accurate basement square footage, • Adding a patio not on record, • Reducing the grade of the home from C+10 to C and • Reducing the effective year built from 1985 to 1978 • Resulting in a reduction in value from$467,000 to$445,400. • Image of subject • GIS Map Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • Sales and Equity analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $445,400 Made the motion Leon Meyers Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Chair of the •Signea by: Leon Meyers 11/4/2025 Recording Sec afxd by: Rob Teachout �Tt 9'38'B'8�'D'8... 11/4/2025