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Home My WebLink About20101633 rittd CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) BOX BOX 352-0242 P. 758 GREELEY, COLORADO 80632 COLORADO August 5, 2010 CZYSZCZON DARIUSZ 2009 TIDEWATER CT WINDSOR, CO 80550 RE: THE BOARD OF EQUALIZATION, 2010, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY:ACCOUNT#: R3027604 PARCEL#: 080733409002-WIN WVS L2 BLK9 WATER VALLEY SOUTH Dear Petitioner: On July 29,2010,the Board of County Commissioners of Weld County, Colorado, convened, and acting as the Board of Equalization, pursuant to Section 39-8-101, C.R.S., et.seq., considered the Stipulation on your petition of appeal of the County Assessor's valuation of your property described above, for the year 2009. The Stipulation was entered into between the Assessor and said petitioner(s),and accepted by the Board of Equalization, agreeing that the assessment and valuation of the Weld County Assessor be Stipulated as follows: ACTUAL VALUE AS ACTUAL VALUE AS DETERMINED BY STIPULATED ASSESSOR $601,375 $550,000 cc e4 PEI(-M) tyg/aoio Ask (earfner�ckie) 2010-1633 CZYSZCZON DARIUSZ - R3027604 Page 2 If you have questions or need additional information, please do not hesitate to contact me at (970) 336-7215, Extension 4226. Very truly yours, 1 ` Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2010-1633 AS0076 770 &33 2010 COON` BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACC; NT NUMBER R3027604 STIPULATION (As To Tax Year2oIb. Actual Value) RE PETITION OF: NAME: CZYSZCZON DARir. SZ 2009 TIDEWATER WINDSOR CO b:.r,:5D • • Petitioner(s), CZYSZCZON OAR!• -nd the Weld County Assessor, hereby enter into this Stipulation regarding the tax :10 valuation of the subject property, and jointly move that the Board of Equalizati• =.nter its order based on this Stipulation. Petitioner(s)and the Assessor and stipulate as follows: 1.The property subject to this S-•i:•.nation is described as: WIN WVS 12 BLK9 WATER i'!LLLEY SOUTH 2.The subject property is classar•..I as Residential property 3.The County Assessor origins rssigned the following actual value to the subject property for 2010. LAND: $197,100 IMPROVEMENTS. $404.225 TOTAL $601,375 4.After further review and ne 1, the petitioner(s) and Weld County Assessor agree to the following actu2 - for the subject property. LAND: $140,000 IMPROVEMEP $410,000 TOTAL j p550,000 ROOM WOWS LUIS WOOER VALLEY SOUr 20/O-/L 33 enn irnn FR NNI 1210"L•I u,nnnnnnu nnsnsnnn.w .,....r .r... ,.... .._ Z0/Z0 BBVd dW00 t0t0L0b0L6 EE:60 0t0Z/8Z/L0 5.The valuations, as establis: t+bove. shall be binding only with respect to tax year 2010. 6. Brief narrative as to why thr suction was made: Value was adjusted due tr. view of land values along with a market grid supporting the overall valor- 7.Both parties agree that the nr,;,ring scheduled before the Weld County Board of Equalization on 7/29/2010 at Co 00 AM be vacated. DATED this 28 day of July F'ietitioner(s Attorney \ Petitioner(s)or Attorney Address: i Address: i }Big SL GZ .Q.C.7 -) c2004, T1ott.)Ali 4. ef- t.).Apac3,--- !"f, go S$o Telephone: 7/`1`'4V6-.02 yiv Telephone: County Asse• CaSriffeell, •A:)DRESS: 400 N.17th Avenue -eeley, CO 80631 ;70) 353-3845 ext_ 3656 WOW VOW?AR uoM MATERVALLEY sour, • • Inn/Ion 1 CNTTVIAn au PPROSAtfi VVJ ACtTT nTn7/07/IA Z0/T0 39Vd NNI .L O rl dWO3 T0T0L040L6 EE :60 0T0Z/8Z/L0 Weld County CHRISTOPHER M.WOODRUFF COUNTY ASSESSOR BRENDA DONES,DEPUTY ASSESSOR VALUATION REPORT OF RESIDENTIAL IMPROVED PROPERTY FOR Weld County Board of Equalization CZYSZCZON DARIUSZ CZYSZCZON BOGUMILA PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0807-33-4-09-002 Schedule Number: R3027604 Log Number: 3115 Date: 7/29/2010 Time: 09:00 AM Board: CBOE PREPARED BY DEE KAYL WELD COUNTY ASSESSOR'S OFFICE STAFF APPRAISER CBOE_RES_01089 Page GENERAL DESCRIPTION OF SUBJECT The subject property is located at 2009 TIDEWATER CT in WINDSOR. The legal description of the property is WIN WVS L2 BLK9 WATER VALLEY SOUTH . The subject is a Frame Stucco house constructed in 2007 . It has 2954 square feet of finished living area above grade. There are 5 bedrooms and 4 bathrooms . The subject includes a 1970 square feet basement of which 1591 square feet is finished . The Assessor has classified the structure as a 2 Story home of Good quality construction . The assessor completed an exterior and interior physical inspection on July 26 , 2010 .,....±.1a%. .r li. Aesititair`-i_ i__ ,__, - . - ae,_ - . Iiii , 'Ilk lita-.-.1 a . . - . _ __ _ _ - -_., is ao 1.: `, _ 1it illir.". rs iii . _ r „:24,6_ e- a ., ',tilt IC; t ,N, • r le T• , 0. illialliS - . - - - CBOE_RES_010 Pag' MARKET APPROACH SUMMARY The subject property has been classified as Residential for assessment purposes. Residential property value shall be determined solely by consideration of the Market Approach to Value {39-1-103(5)(a), CRS}. As required by 39-1-104(10.2), CRS, the market value is determined by utilizing data from the period of one and one-half years immediately prior to June 30th, 2008. If sufficient comparable valuation data is not available within the eighteen-month time period, the assessor shall use market data from the five year period immediately prior to June 30th, 2008. When appropriate, all sales are to be time adjusted to the appraisal date of June 30th, 2008. Although the appraisal date is June 30, 2008, the physical characteristics are reflective of the property as of January 1, 2010. The comparable sales in this report were selected using county records and the Multiple Listing Services. The Weld County Assessor's Office has verified that the comparable sales are arms- length transactions based on review of the Real Property Transfer Declaration, telephone or personal confirmation interviews and physical inspections to confirm property characteristics at the time of sale. There were 50 arms-length sales in this area in the eighteen month data collection period. Of those sales 4 were sales from a financial institution. The sales prices ranged from $241,500 to $1,690,80C The best four comparable properties based on physical attributes and locations were selected for the market adjustment grid. DEFINITION OF MARKET VALUE: The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under undue duress. {The Appraisal Institute) The market value of the property as of June 30th, 2008 is: ASSESSOR'S VALUE RESIDENTIAL $567,000 Total: $567,000 CBOE_RES_010 Pagi Comparable Number l 7N.ZN Erwirni __- o- 3 ( '?4 oir .4. .. t Sino Comparable Number , V\H•4010, , -- ellt- t - . 07i728 Al Comparable Number is al w g'4W: CBOE_RES_01( Pag Comparable Number r - :` CBOE_RES_01( Pag ao CD co o W CD- RS WI d w CC w i O CO 0 Ni mflViNOW •• a. oilar it i ~ '1► fiCT t`• 44; ifiti O� sr % ., _ * 7 a a 2 F. N . ......fr U co r O a (4' t ' 10,0 enr,(641 = a. C.) Th. & ' iii 44,2144/ \ .. U / S / 1 /i/icx> ' "6:;:ert., o b • O� sS ' ka k 4>44, W t / c? 4040 41 tras i ° ;it rt />:7("%,:tel 0 � oe o 0 on G to co to oi .. . �. . . . . co N- aaa � aaa ° aaa ° aa8akfKO CO \ [ cooici d ■ � * § S _ - 2 Sr ®u. I- ! in ! § KG ) a , | \ , 0 / ` $ ;) 2 \ / k \ ( } { ( \ & izf \ , 00 \ \ ; \ o ° MRatO .0 • 0) § aaaa § ; a492as2 ; $ § § 8 ; IA 49 § r CD - ' ` — 6 ; 4-. 0 E # u. § rr z 2 , ! ! ! 0.0ma,ca : � ® \ ! E S 0 407}k ) cz 2 0 § 4049 \ Q § / § kf0 ( 0cr , } ! / ( OOi2 }$ » }7 0 ,flr- @a2aaco» aaaIt)RI § / -72 ` VA Cri " . � ` 6 � ,O RI ( 13- 8 t 8e O 2 ` % i Q } . -elfin - - ® 8282 ! \ 8 ! _ | 7f§ § di 0So , e � a ! 2a § § § § ) § ( k § O / OO ) ! § § OC ! § fk \ § ! ; C) 10 LI) Pi N C ~ O f § § a, tem ($) l- 8 LT ` O8 \kkkkbk § -no - - 7 - O ) § 0) OOO 00 o, 2 8 ! - ! ; ! 7 ! ; ! ! | 0 » k ! ® ■ / I f ! ! ; ! 2 = | � Liyyt | � COMO, , . � f ! ! \ ! /� 4! . a P% E ■ ■ ■ O , » aowoo � 22 � 2gssv E k ■ | | cI ! ! » ! � a ! m ! o8mlc1l000000 5o of ! LT co to 3 co Lo Lo o on 0 co oa 0 C ° 0 COV C0 $ 2 « % 7 _ . _ _ . _ . . c0 co co° ° ! 2E , to 2 . 4.9Y..) _ _N . 1/41 M im O CO ik - lo CO § e , c q < 7 f ! ! ! g al O k .2 ! )kn § �% / § A j \ a ! , � l . 7 , ; 0k § kkk ) jtNNWNr ' o § ev to(N ® ,0 0 oo ) k }\ k \ \ o ! re I_ 7 0 in eS \ & ) ° t +' k & ; ; w , « %\ � ; e - 0 go i2 / U)ONNr § I» ! ; - o „ o � , , oe ! C ) 3 � ! © , V | ! Lt } ( � 0 oc 13 ; ; . � k ) k ! .E ## @t 0c 78mo ! & § 7 ! k .2e! ! ! m$ 2 ; . . Oo « � § ! ! a ! ! 7 # ! § | N = � t + g | ) E2 ! ! • C TO To ) ) 2 } 2 $ ! ! ! ! ! ! 22 § 000000lq § 4 ; Ecc LI: REAL AND PERSONAL PROPERTY NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 6/22/2010 Weld County Assessor Telephone: (970) 353-3845 or(720)652-4255 1400 N 17th Ave Fax: (970) 304-6433 Greeley, CO 80631 E-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R3027604 2010 0452 WIN WVS L2 BLK9 WATER VALLEY SOUTH 2009 TIDEWATER CT WINDSOR,CO CZYSZCZON DARIUSZ 3 2009 TIDEWATER CT o WINDSOR, CO 80550 d ASSESSOR'S VALUATION ACTUAL VALUE PRIOR PROPERTY CLASSIFICATION TO ACTUAL VALUE AFTER REVIEW REVIEW RESIDENTIAL 619,471 601,375 TOTAL $619,471 $601,375 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: AL02- The actual valuation of your property has been adjusted based on new information. This may be information you have supplied, corrections of characteristics or additional sales which we have uncovered during the appeals process. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The deadline for filing personal property appeals is July 20. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax tor ask your Assessor for a listing of the local taxing authorities. '- • i C-- •f j Please refer to the reverse side of this notice for additional inforI iationc- -� 1 (xi ;;,�� D , c N 15-DPT-AR 2010-1633 PR 207-08/08 NOD#.8118 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10th Street,Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: WELD COUNTY BOARD OF EQUALIZATION 915 10TH Street, P.O. Box 758 Greeley, Colorado 80632 Telephone(970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property—after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 11. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9`"Avenue and 9th Street, P.O. Box C Denver, CO 80203 Greeley, Colorado 80632 (303) 866-5880 Telephone(970) 356-4000 Ext. 4520 www.dola.colorado gov/baa Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, a°39-1-120(3), C.R.S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2008? (Your opinion of value in terms of a specific dollar amount is required fprJeal property pursuant to § 39-8-106(1.5), C.R.S.) $ 67 ow.od What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) ( 1 efr ccl'cie p2tcic�iJ K - k It` ea .CJ 1 v✓ 4:1,9 i /+'7.a/ P / '(Cr i)o r' 6‘;.5re/ � ,�f '•.'-'fin�/ r, r, fetF L,sr y«, /s S GJ Cuba b v ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements c mined herein and on any attachments hereto are true and complete. -711-got-024-we vlJ )oi° Signat e Telephone Number Date l ' Attach letter of authorization signed by property owner. 15.OPT-AR PR 207-08/08 NOD# 8118 Main HIe No.100517911 Pane#1I A Retrospective Appraisal of a Single Family Residence 4,t Fran v s LOCATED AT 2009 Tidewater Ct Windsor,CO 80550-3549 Lot 2.Block 9,Water Valley South FOR Individual 2009 Tidewater Court Windsor,CO 80550 OPINION OF VALUE 4510:O AS OF 06/30/2008 BYe Robed J.Stile Jr.,Certified Residential Appraiser Accurate Appraisal and Review Service,LLC. P.O.Box 1867 Loveland,CO 80539 (9701962-9516 rstilo@lpbroadband.net Form GA1V—'WarT0TAL"appraisal sonware by a la mode,roc.-1-800-ALAM0DE Accurate Appraisal and Review Service LLC. Main File No-100517811 Page#2J Uniform Residential Appraisal Report Filet/1oo517R1 The purpose of this summary appraisal report is to provide the lender/client with an accurate,and adequately supported,opinion of the market value of the subject property Property Address 2009 Tidewater Ct City Windsor State CO Zip Code 80550-3549 Borrower Damien Owner ci Public Record Same County Weld Legal Description Lot 2,Block 9,Water Valley South Assessor's Parcel# 080733409002 Tax Year N/A R.E.Taxes S N/A Neighborhood Name Water Valley Map Reference DRCOG Census Tract 0022.01 Occupant NI Owner ❑Tenant ❑Vacant Special Assessments$ None N PUB HOA$90.00 ®per year ❑per month Property Rights Appraised ®Fee Simple ❑Leasehold ❑Other(describe) Assignment Type ❑Purchase Transaction ❑Refinance Transaction ®Other(describe) To determine the current market value. Lender/Client Individual Address 2009 Tidewater Court,Windsor,CO 80550 Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? n Yes No Report data source(s)used,offering price(s),and date(s). Per information provided by available data sources the subject property was not listed for sale in the MLS system. I ❑did ®did not analyze the contract for sale for the subject purchase transaction.Explain the results of the analysis of the contract for sale or why the analysis was not performed. No sales contract was provided to the appraiser as this appraisal was to determine the retrospective market value. Contract Price$ N/A Date of Contract N/A Is the property seller the owner of public record? ❑yes ❑No Data Source(s) N/A Is there any financial assistance(loan charges,sale concessions,gift or downpayment assistance.etc.)to be paid by any party on behalf of the borrower? ❑Yes ❑No It Yes report the total dollar amount and describe the items to be paid. None N/A Note:Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics_ One-Unit Housing Trends One-Unit Housing Present Land Use% Location ❑Urban ®Suburban ❑Rural Property Values ❑Increasing yZ Stable ❑Declining PRICE AGE One-Unit 70% Built-Up N Over 75% ❑25-75% ❑Under 25% Demand/Supply ❑Shortage N In Balance ) 1 Over Supply $(000) (yrs) 2-4 Unit 10% Growth Hi Rapid ®Stable ❑Slow Marketing Time ❑Under 3 mths ®3-6 mths ❑Over 6 mths 115 Low New Multi-Family 10% Neighborhood Boundaries the subject area is bordered by Main Street to the north,Highway 257 to the 1,551 High 15 Commercial 10% east,County Road 62(Crossroads Boulevard)to the south and County Road 17 to the west. 384 Pred. 5 Other Neighborhood Description See Text Addendum. Market Conditions(including support for the above conclusions) Conventional and government insured mortgages are locally available. Typical seller concessions range from 0-6 points. Financing adjustments are generally required when points exceed what is typical. Current market trend for the area reflects a declining market(see Text Addendum). Dimensions Not available per county records. Area 10,890 Sq.Ft. Shape Mostly Rectangular View Typical Street Specific Zoning Classification RMU Zoning Descrption Residential Mixed Use Zoning Compliance®Legal ❑Legal Nonconforming(Grandfathered Use)❑No Zoning ❑Illegal(describe) Is the highest and best use of subject property as improved(or as proposed per plans and specifications)the present use? l Yes ❑Na If No,describe The highest and best use of the subject is as improved. Wines Public Other(describe) Public Other(describe) OH-see Improvements-Type Public Private Electricity ® ❑ Water ® ❑ Street Asphalt ® ❑ Gas N ❑ Sanitary Sewer ® n Alley None ❑ ❑ FEMA Special Flood Hazard Asa ®Vey No FEMA Flood Zone AE FEMA Map# 0802640005A FEMA Map Date 9/27/1991 Are the utilities and off-site improvements typical for the market area? ®Yes ❑No If No.describe Are there any adverse site conditions or external factors(easements,encroachments.environmental conditions,land uses,etc.)? ❑Yes Z No If Yes,describe No apparent encroachment or adverse noted at the time of the inspection. Please reference an Improvement Location Certificate,(ILC),for the subject's site area. The site area appears to be typical in size and terrain for the area. General Description Foundation Exterior Description'. materials/condition interior... materials/condition Units®One❑One with Accessory Unit Concrete Slab ❑Crawl Space Foundation Walls Concrete/Average Floors Cpt-Wd-Tile/Good #of Stories Two Re Basement ❑Partial Basement Exterior Walls Stucco-Stone/Avg. Walls Drywall/Good Type N Det. ❑Atl. ❑6-Dee End Unit Basement Area 1,983 Kt Roof Surface Comp Shingle/Avg TriMFinish Wood/Good ®Existing n Proposed ❑Under Const.Basement Finish 90 %Gutters 8 Downspouts Metal/Average Bath Floor C-tile-Wood/Good Design(Style) 2-Story ®Outside Entry/Exit N Sump Pump Window Type Vinyl/Average Bath Wainscot Ctlle/Good Year Built 2007 Evidence of n Infestation Storm Sasttlnsulated No-Concealed Car Storage TI None Effective Age(Yrs) 1 ❑Dampness ❑Settlement Screens Yes/Average IN Driveway #of Cars 3 Attic ❑None Heatin. 7 FWA it J HWBB I❑Radiant Amenities Woodstove 5 # Drivewa Surface Concrete ❑Drop Stair ❑Stairs ❑Other Fuel Natural Gas N Fireplace(s)# 1 ®Fence Wd-Wire ®Garage #of Cars 3 Floor Scuttle Conn, y Central Air Conditieniv. y*1 Rationeck Both Porch Covered ■Carrort #of Cars ❑Finished ❑Heated ❑Individual El Other ❑Pool None ❑Other ®Atl. (1 Det. ❑Built-in Appliances N Refrigerator iR]Range/Oven ®Dishwasher ®Disposal (Microwave E Washer/Dryer ❑Other(describe) Finished area above grade contains'. 10 Rooms 3 Bedrooms 2.50 Bath(s) 2,939 Square Feet of Gross Living Area Above Grade Additional features(special energy efficient items,etc.). See Text Addendum. Describe the condition of the properly(including needed repairs,deterioration,renovations,remodeling,etc.). Per information provided by a previous inspection, MLS listing sheet and public records,the subject property is in good condition with no physical.functional or external inadequacies noted at the time of the exterior inspection. Are there any physical deficiencies or adverse conditions that affect the livability,soundness,or structural integrity of the property? ❑Yes N No It Yes,describe No physical deficiencies or adverse conditions noted at the time of the inspection. The mechanical,electrical and structural systems are assumed adequate and functional. See Environmental Addendum. Does the property generally conform to the neighborhood(functional utility,style.condition,use,construction,etc.)? ®Yes ❑No If No,describe The subject is a 2-story style residence which is in good condition and construction with a functional floor plan(see attached sketch). The subject conforms to the neighborhood and surrounding residences. Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 Font 1004—^WinTOTAL"appraisal software by a la mode.Ina-1-800-ALAMODE (Main File No.100517811 Pate#31 Uniform Residential Appraisal Report File#100517R1 There are 69 comparable properties currently offered far sale a the subject neighborhood ranging in price from$ 179,900 to$ 2,500,000 There are 53 comparable sales in the subject neighborhood within the past twelve months ranging in sale pnce from$ 145,000 to$ 1,075,000 FEATURE SUBJECT COMPARABLE SALE#1 j COMPARABLE SALE#2 COMPARABLE SALE#3 Address 2009 Tidewater Ct 122 Siesta Key Drive 12028 Vineyard Court 1987 Cayman Drive Windsor,CO 80550-3549 Windsor,CO 80550 Windsor,CO 80550 Windsor,CO 80550 Proximity to Subject :7 0.17 miles SW ,0 21 miles S 0.06 miles NW Sale Pnce $ N/A $ 450,000 -- $ 425,900 $ 574900 Sale Price/Gross Liv.Area '$ sq.ft.$ 169.11 spit. '$ 209.29 sq.h $ 174.48 spit - - - Data Source(s) I '1 MLS/Public Records MLS/Public Records t MLS/Public Records Verification Source(s) MLS#516957 MLS#537736 MLS#514160 VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-)S Adjustment I DESCRIPTION 4,(1$Adjustment DESCRIPTION +(-)$Adjustment Sales or Financing CV 0 pts. CV 0 pis. CV 0 pts. Concessions DOM 227 See Text Add. DOM 143 DOM 501 See Text Add. Date of Sale/Time I CD 08/15/2007 CD 11/16/2007 CD 03/28/2008 Location Water Valley Water Valley lI Water Valley Water Valley Leaseh0ld/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site '1O,890/Typical 7,492/Typical no adj.,7400/Typical no adj.6,115/Typical no adj. View Typical Street Typical Street I Typical Street Typical Street Design(Style) )2-Story 2-Story 2-Story 12-Story Duality of Construction I Stucco-Stone Frame-Stone no adj_ Frame-Stone no adj.',Stucco-Stone Actual Age '1E1 2E1 2E1 3E1 Condition Good Good 'Good Good Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Berms. Baths Room Count 1 10 3 2.5C 11 4 3_00 -1 5001 11 4 2.50 -1,000 11 4 3.50 -1 000 Gross Living Area I 2,939 sq.ft. 2,661 sq.ft. +5,560 2,035 sq.ft. +18,080 3,295 sq.ft. -7,120 Basement B Finished .1983 Sq.Ft. 1,438 Sq.Ft. +2,700)1,290 Sq.Ft +2,8001,665 Sq.Ft. +1,300 Rooms Below Grade :90%2bed/bath 0%Finished +10,700)90%Finished +3,700 0%Finished +10,700 Functional Utility Average Average !Average Average Heating/Cooling :GFA/AC GFA/AC i GFA/AC GFA/AC Energy Efficient Hems I Typical Typical Typical Typical Garage/Carport 13/Attached 3/Attached '3/Attached I 3/Attached Porch/Patio/Deck Porch/Pat/Deck Porch/Pat/Deck Porch/Pat/Deck '.Porch/Pat/Deck Fireplace I1 Fireplace 1 Fireplace 1 Fireplace '.1 Fireplace Net Adjustment(Total) ®+ ❑- $ 17,460' ® it ❑ - $ 23,580 EI+ ❑ - $ 3,880' Adjusted Sale Price I Net Adj. 3.9 % Net Adj. 55 % INet Adj. 0.7 % of Comparables Gross Adj. 4.5 % $ 467,460 Gross Adj. 6.0 %$ 449,4801Gross Adj. 35 % $ 578,780 I ®did I (did not research the sale or transfer history of the subject properly and comparable sales.If not,explain Each of the sales is considered to be a market transaction. All comparables are considered to be current and typical for the marketplace. Financing on each comparable is considered to be typical for the current market. My research n did ®did not reveal any prior sales or transfers of the subject property for the three years prior tome effective date of this appraisal. Data Source(s) MLS/Realist/Public Records My research 0 did ®did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale. Data Soume(s) MLS/Public Records/Realist Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales(report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 Cate of Prior Sale/Transfer No sales in the No other sales in the No other sales in the No other sales in the Price of Prior Sale/Transfer previous 36 months. previous 12 months. previous 12 months. previous 12 months. Data Source(s) MLS/Realist MLS/Realist MLS/Realist MLS/Realist Effective Date of Data Source(s) 05/2010. 05/2010. 05/2010. 05/2010. Analysis of prior sale or transfer history of the subject property and comparable sales The subiect property has no sales in the previous 36 months. The comparables presented have no other sales in the previous 12 months. Summary of Sales Comparison Approach See Text Addendum. Indicated Value by Sales Comparison Approach$ 467,000 Indicated Value by:Sales Comparison Approach S 467,000 Cost Approach(if developed)S Income Approach(if developed)S N/A The Sales Comparison Approach is the most reliable approach to value. The Cost and Income Approaches to value are not developed as this is a retrospective appraisal. This report is subiect to all attached Limiting Conditions. This appraisal is made 0"as is", 0 subject to completer per plans and specifications on the basis of a hypothetical condition that the improvements have been completed. ®subject to the following repairs or aeeranons on the basis of a hypothetical condition that the repairs or alterations have been completed.or L]subiect t0 the following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair: See Text Addendum. Based on a complete visual inspection of the interior and exterior areas of the subject property,defined scope of work,statement of assumptions and limiting conditions,and appraiser's certification,my(our)opinion of the market value,as defined,of the real property that is the subject of this report is $ 467,000 ,as of 06/30/2008 ,which is the date of inspection and the effective date of this appraisal. Freddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004—"WirTOTAL"appraisal software by a la mode,inc.—1-800-ALAMODE IMain File No.100517R1I Paoe#4) Uniform Residential Appraisal Report File# 100517R1 See Text Addendum. COST APPROACH TOVALUEtnat required by Fannie the) Provide adequate information for the lender/client to replicate the below cost figures and calculations. Support for the opinion of site value(summary of comparable land sales or other methods for estimating see value) As this is a retrospective appraisal the Cost Approach to value is not developed. ESTIMATED n REPRODUCTION OR n REPLACEMENT COST NEW OPINION OF SITE VALUE _$ Source of cost data N/A DWELLING 2,939 Sq.Ft.@ 5 =5 Quality rating from cost service N/A Effective date of cost data N/A Basement 1,983 Sq.Ft.@$ =5 Comments on Cast Approach(gross living area calculations,depreciation,etc.) Additional Features/Kit Equip/Floor Coverings =S See Text Addendum. Garage/Carport 936 SgEt.@$ =5 Total Estimate of Cost-New =$ Less Physical Functional External Depreciation =5( Depreciated Cost of Improvements =5 Ms-is'Value of Site Improvements _$ Estimated Remaining Economic Lite(HUD and VA only) N/A Yeard INDICATED VALUE BY COST APPROACH =$ INCOME APPROACH TO VAUJE(not required by Fannie Mae) Estimated Monthly Market Rent$ N/A X Gross Rent Muhiplier N/A =S N/A Indicated Value by Income Approach Summary of Income Approach(including support for market rent and GAM) As this is a retrospective appraisal,there is insufficient rental data to provide a creditable result using the Income Approach,therefore it is not developed. PROJECT INFORMATION.FOR PUDa(U.pHcatile) Is the developer/builder in control of the Homeowners Association(ROA)? H Yes ®No Unit Wpe(s) ®Detached n Attached Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit. Legal Name of Project Total number of phases Total number of units Total number of units sold Total number of units rented Total number of units for sale Data source(s) Was the protect created by the conversion of existing building(s)into a PUD? ❑Yes n No If Yes,date of conversion. Does the project canto any multi-dwelling units? In Yes ❑No Data Source Are the urns,common elements and recreation facilities complete? ❑Yes n No If No,describe the status of completion. Are the common elements leased to or by the Homeowners Association? n Yes HI No If Yes,describe the rental terms and options. Describe common elements and recreational facilities. Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Fenn 1004—"WieTOTAL"appraisal software by a la mode,Inc.—1-800-ALAMODE IMain File No.100517R11 Pane#51 Uniform Residential Appraisal Report File#100517R1 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value. statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal report. the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 1004—"WinT0TAL!appraisal software by a la mode.inc.—1-800-ALAM00E IMain File No.100517n11 Page#61 Uniform Residential Appraisal Report File 100517R1 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed. and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally,physically,and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified,from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to,the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes. toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge. all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. 1 certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Form 70 March 2005 Page S of 6 Fannie Mae Form 1004 March 2005 Form 1004—'WinT0TAL"appraisal software by a la mote.inc.—1-800-ALAM00E IMain File No 100517811 Paso#71 Uniform Residential Appraisal Report File# 100517R1 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers: government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my"electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report,and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including,but not limited to,the appraiser's analysis,opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser(or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record"containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as it a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER Robert J.Sub Jr.. Certified Residential Appraiser SUPERVISORY APPRAISER(ONLY IF REQUIRED) Signature Signature Name Robert io Jr., led Residential Appraiser Name Company Name Accurate Appraisal and Review Service.LLC. Company Name Company Address P.O.Box 1867,Loveland,CO 80539 Company Address Telephone Number (970)962-9516 Telephone Number Email Address rstiloo@lpbroadband.net Email Address Date of Signature and Report May 1a,2010 Date of Signature Effective Date of Appraisal 06/30/2008 State Certification# State Certification# CR40030207 or State License# or State License# State _ or Other(describe) State# Expiration Date of Certification or License State CO Expiration Date of Certification or License 12/31/2010 SUBJECT PROPERTY ADDRESS OF PROPERTY APPRAISED ❑ Did not inspect subject property 2009 Tidewater Ct E Did inspect exterior of subject property from street Windsor,CO 80550-3549 Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY$ 467,000 ❑ Did inspect interior and exterior of subject property LENDER/CLIENT Date of Inspection Name COMPARABLE SALES Company Name Individual Company Address 2009 Tidewater Court,Windsor,CO 80550 ❑ Did not inspect exterior of comparable sales from street �] Did inspect exterior of comparable sales from street Email Address Date of Inspection Freddie Mac Form 70 March 2005 Page 6 of 6 Fannie Mae Form 1004 March 2005 Form 1004—"Ws-TOTAL'appraisal software by a la mode,inc.—1-800'ALAM00E Main File No.100517R1 j Pace#81 Supplemental Addendum File No.100517521 borrower/Client Damien Property Address 2009 Tidewater Ct _ City Windsor County Weld State CO Zip Code 80550-3549 Lender Individual Factors Affecting Marketability/Neighborhood Description: Lot description and boundaries are reported per available data sources. Verification is recommended through an Improvement Location Certificate,(ILC),prepared by a qualified engineering representative. The Water Valley Subdivision is located in the south-central portion of the town of Windsor. The area consists mainly of single family detached residences on typical sites,2-4 family residences,multi-family residences and some commercial property as well. The commercial property is in the form of 2 Water Valley Golf Courses,dining establishments,retail shops and professional offices. The commercial property is located on the perimeter of the subject neighborhood and is considered complimentary in nature having no adverse impact on the marketability of the subject. Schools and shopping services are available within one mile. Access is typical for the area. Predominant Value: The predominant value on page 1 is a statistical median value only,based on a competitive market analysis and statistics of the subject's multi-list system,Tres. The subject's final opinion of value is higher than this statistical median value. This does not indicate the subject is an over-improvement for the area,but that the subject is one of many other properties in its market in which the value is not exactly what the most commonly occuring price currently is,as is the case with the comparable sales presented. The subject is not an over-improvement for the area and conforms to other properties in the subjects area. Flood Zone: The subject is located in a flood zone AE which the legend reads:An area inundated by 100-year flooding,for which BFEs have been determined. Comments on Sales Comparison: All comparables presented in this report are considered to be similar to the subject is style,location,utility and marketability. Comparable 2 slightly exceeds the recommended square footage guidelines. Adjustments are made at$4/square foot for below grade area and$6/square foot for below grade finish. Per MLS information the days on market for comparables 1 and 3 included construction time. The actual marketing time for these comparables is more in line with the estimated 1-6 month marketing time, Comparables 1 and 2 are adjusted for their additional bedroom utility. The bedroom adjustment for comparable 3 is included in the square footage adjustment. Comparables 1 and 3 are adjusted for their additional bathroom utility. All comparables are considered to be representative of the subject and are weighted accordingly in the final value conclusion. The subject appears to have average marketability within a time frame of 1-6 months under current market conditions. Personal property is not included with the rights of the real property appraised. Digital Photographs/Intended Use: The digital photographs and signatures included in this report have not been altered. The comparable photographs were provided by Tres as they are more representative of the comparable condition at the time of their sale. This file was completed to determine the retrospective value for the purpose of taxable value. Conditions of Appraisal: This report is subject to all attached Limiting Conditions/Restrictions. The subject property is assumed to be in good condition as per information obtained in the previous appraisal and the MLS. The mechanical,electrical and structural systems are assumed adequate and functional. This report is subject to the hypothetical assumption that the information from the previous appraisal,public records and a prior MLS listing sheet is accurate and correct. This appraisal is as of the effective date and based on a drive-by inspection only with no interior access per the client. Purpose of Appraisal: This report is to determine the market value as of June 30,2008 for tax valuation purposes. This report is based on an exterior inspection only and the information provided by a previous appraisal,public records and a previous MLS listing sheet. As it is not possible for the appraiser to have physically inspected the property in the year 2008,for the purpose of this report the physical characteristics are provided by the previous appraisal,public records and a previous MLS listing sheet and therefore the subject is considered to be in"good"condition,therefore the comparables presented reflect similar condition or are adjusted accordingly. When conflicting information was provided,the source deemed most reliable has been used. Data believed to be unreliable was not included in the report,nor used as a basis for the value conclusion. General Comments: This document is not a complete appraisal report,but is intended to give an estimated opinion of value based upon the reduced scope as specifically instructed by the client. The appraiser has determined that this assignment is not so limited in scope that the resulting appraisal,evaluation,review or consulting service would be misleading or confusing. Form TALC—'WinTOTAL'appraisal software by a la mode.inn.—1-800-ALAMODE IMain File No.10051781I Pose#9] Building Sketch Borrower/Client Damien Property Address 2009 Tidewater Ct City Windsor County Weld State CO Zip Code 80550-3549 Lender Individual 5 nd Floor First Float 1928 5q h1 (20115q RI rr left IBIt ...' _ lett Dining Bedroom uting Kitchen a Room Bedroom ULlih Bath Bath M Foyer Bath Bedrom A WI] Ream Ben = 3 fat ARarisse P 936sq hI rtt loft 2Jh Re'Room M 3 Raom Bedroom Mesa Bela a•nntent s 11983 Sp R1 ]let Bedroom Storage L-- left Area Calculations Summary Living Area Calculation Details.. Firstuwr 2011 sq It 0.5=2=2= 2 0.5x2a 2 - 2 6x2 = 1.2 8 x 1-5 = 12 35x16 =560 25 x 23 = 575 37s8 =296 19x3B =532 2 x 10 = 20 Second Floor 928 In It 15 x 12 = 180 12x8 = 96 2x2 = 9 36 x 18 =698 Total Living Area(Rounded): 2939 Sq ft Non-living Area 3 Car Attached 936 Sq R 26 x 13 =338 26 x 23 = 598 Basement 1983 Sq It 35 x 16 = 560 25523 = 575 37 x 8 = 296 19 x 38 =532 10 x 2 = 20 Form SNi BldSkl—'WinT0TAL"appraisal software by a la mode,inc 1-800-ALAMDDE IMain File No.100517R1I Pane#101 Subject Photo Page Borrower/Client Damien Property Address 2009 Tidewater Ct City Windsor _ County Weld State CO Zip Code 80550-3549 Lender Individual Subject Front 2009 Tidewater Ct Sales Price N/A GLA. 2,939 Tot.Rooms 10 - Tot Betlrms. 3 '`. Tot Bedun s. 2.50 Location Water Valley New Typical Street Site 10,890/Typical �, QualityStucco-Stone AttlbllNilltia ai x€vmw}tr '»'.ea: Age 1 E 1 ^ X F •�n_.. a £ 1a•, Subject Rear t s ,g �*i h ,_ ., i . ma`. 4 • . . :.,.-. :..y.,,,..:., Subject Street !' tr it �` it..$I• �` 'ri. . , „ `=: r- v Form PlC4t6 SR—"WinTOTAL"appraisal software by a la mode.ino-1-800-ALAMODE IMaa File No.100517R11 Pale#11l Comparable Photo Page Borrower/Client Damien Property Address 2009 Tidewater Ct City Windsor County Weld State CO Zip Code 80550-3549 Lender Individual Comparable 1 , ex .V ,j 122 Siesta Key Drive fi` §'€ T a Prox.WSW,' 0.17 miles SW TM° . ttt/( '' § � Sales Price 450,000 € G.LA. 2,661 Tot.Rooms 11 Tot.Bedrms. 4 Tot.Bathrms. 3.00 x.4`' Location Water Valley f _ View Typical Street • • - - Site 7,492/Typical Duality Frame-Stone Age 2FE1 r1� 9 1_ • • Comparable 2 2028 Vineyard Court Prox.to Sub]. 0.21 miles S Sales Price 425,900 GI 2,035 Tat.Roams 11 Tot,Bedrms, 4 Tot.Bathrms, 2.50 Location Water Valley -- - View Typical Street Site 400/Typical Oualiry Frame-Stone Age 2 E 1 • yE -.,s r5 t 8' rst ° 'a y ^Ae n vv 9 Allot s tr'" Comparable 3 1987 Cayman Drive Prox.to Suhl. 0.06 miles NW Sales Price 574,900 G.L.A. 3,295 Tot.Rooms 11 Tot.Bedrms. 4 Tot Bathrms 350 Location t Vll ' View TypWaicaler Street Site 6.115/Typlcal " Quality Stucco-Stone Age 3 E 1 to ..: , a- Form PIC4x6.CR—"Winn0TAL"appraisal software by a la mode,inc.—1-800-ALAM00E (Main File No.100517811 Pace#121 Location Map Borrower/CNent Damien Property Address 2009 Tidewater Ct City Windsor County Weld State CO Zip Code 80550-3549 Lender Individual•ztia la mode Inc. '''' 4 ' C'' K '-`.H., si .��Mi.N ... 6 .lc :ti4. "'"I Pelican i.i ikrs' 1I a!NI C.re club , Y . : •.79.1 •x:::;:45::•,. i.i:.I i :•_� e k.f 5. n . Comparable K 3 Tt 1.9[37 Cayman Drive.. 0.O11 miles NW 4 ' h Subject a 2OD9 tidewater Ct '4:- ��b.. s 9 '4I s • M , kS. Comparable a 1 ;}^, `y,.>b j m In Siesta Key Drive i e} .4.44 if i 0.17 miles SW .r. 47 •.• s e. Comparable*2 '41 2028 Vineyard Court 4i., .i. ! o.2t miles S iu 1 • ?19 a it 1, 7s _I 14.,13 rt.;.... .,.......-. :.,t iF:y:>.w ".4ii 7.N.;..... - .i...._ Form MAP.LOC—"WiriTOTAL"appraisal software by a la mode,inc.—l.800•ALAMOOE Robert J.Slilo Jr. P.O.Box 1867 Loveland,CO 80539 (970)962-9516 SUMMARY OF QUALIFICATIONS Full understanding of the accurate process of valuating single family residences,2-4 family income properties and unit apartment/condominiums as well as rural properties. Specialize in review work(field reviews and desk reviews)as well as retrospective appraisal and retrospective review work. Extensive experience with complex properties. Extensive knowledge and adherence to FNMA(Federal National Mortgage Association)and USPAP(Uniform Standards and Professional Appraisal Practice)guidelines. EMPLOYMENT HISTORY January 2005-Present Accurate Appraisal and Review Services, LLC Senor Appraiser,Senor Review Appraiser Responsible for report preparation,research,data evaluation and analysis of single family residences,2-4 family residences,income properties,vacant land and unit apartment/condominiums. All duties associated with owning and operating a business. September 2001 -January 2005 Rocky Mountain Appraisal Service Staff Appraiser September 2001—January 2005 Eventus Inspections Inspecting and reporting new construction draws April 1995—September 2001 Jiffy Lube General Manager EDUCATION February 2010-Reproduction Cost Appraising,Cornerstone Appraisal. Appraising Properties via the Reproduction Cost Only. October 2008-Texas All Lines Adjuster License,All Lines Training and Licensing Certified to work residential,commercial,automobile,farm and ranch,inland,marine, ocean and worker's compensation claims October 2008-Practical Adjusting,All Lines Training and Licensing With policy applications and estimates with basic construction knowledge October 2008 Xactimate 25 training,All Lines Training and Licensing Fundamentals of Xactimate program November 2007-USPAP update,Van Education Center 7 hour standards and ethics update August 2005-MLS Orientation,Metrolist Inc.,Denver,CO Multi-List Service Rules and Regulations Orientation August 2005-Legal Issues Affecting the Real Estate Professional,Metrolist Inc. Fair Housing/Antitrust/Discrimination/Americans with Disabilities Act October 2004-Standards and Ethics,American Real Estate College 16 hours standards and ethics update October 2004-Certified Residential Appraiser,American Real Estate College 30 hours reporting,reviewing and analyzing complex properties January 2003-Nova for Appraisers,Denver,CO 7 hours computer assisted reporting June 2002-NCRE 204-Basic Appraisal Application,University of Colorado 32 hours of appraisal principles and applications May 2002-NCRE 202-Standards and Ethics,University of Colorado 16 hours standards and ethics May 2002-NCRE 200 Registered Appraiser,University of Colorado 48 hours appraisal fundamentals February 1990-AIMS Community College,General Education May 1987-Thompson Valley High School LICENSING State of Colorado,Department of Regulatory Agencies Certified Residential Appraiser,CR40030207 State of Texas,Adjuster All Lines Insurance Adjuster,#1553698 US Department of HUD FHA Approved,MP4403 State of Nebraska,Department of Regulatory Agencies Certified Residential Appraiser,CR280035R REFERENCES Jason Robinson-Keller Williams Realty Licensed Real Estate Broker (970)310-3247 Brian Michel-Jiffy Lube Regional Manager (970)222-6247 Tom Benton—Rocky Mountain Appraisal Services Certified Residential Appraiser (970)218-0733 i.[ •,..,',F.:•.,.:,;•.•• ,,..,4• g•��.� �+�X �,a�.,::3�r!'1:::.. ...A'.E..:.l:i..',:..: .,...•.':• ". .: ..•:•••••• :.....: �..�':'...-... 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G�' 9iormtuA1e OF lPPVIAt tiri wit T RR7rliirstANLE tkie.. • CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 352-0242 FAX: (970) WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 COLORADO July 23, 2010 CZYSZCZON DARIUSZ 2009 TIDEWATER CT WINDSOR, CO 80550 Parcel No.: 080733409002 Account No.: R3027604 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 29, 2010, at or about the hour of 9:00 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Centennial Center, First Floor Hearing Room, 915 10th Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2010, and mailed to you on or before August 10, 2010. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. 2010-1633 AS0076 CZYSZCZON DARIUSZ - R3027604 Page 2 Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2010-1633 AS0076 Hello