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Home My WebLink About20091797.tiffMti COLORADO August 5, 2009 CURTIS ELLWOOD E & 1543 PELICAN LAKES POINT NO. 5B WINDSOR, CO 80550 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R2997504 PARCEL #: 080728150002 - WIN BWPB UNIT 1543B BLDG 5 BOARDWALK AT PELICAN BAY CONDO ASSOC SUPP 1 SITUS: 1543 PELICAN LAKES POINT 5B WINDSOR 805500000 Dear Petitioner: On July 31, 2009, 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 your petition of appeal of the County Assessor's valuation of your property described above, for the year 2009. The Board of Equalization found that the evidence presented at the hearing clearly supported the value placed upon your above described property by the County Assessor. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated to the Weld County Assessor by law. The assessment and valuation of the Weld County Assessor was affirmed as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR ACTUAL VALUE AS SET BY BOARD $280,079 $280,079 2009-1797 AS0073 A 1.1),/20'( t ,) C��0s/rc CURTIS ELLWOOD E & - R2997504 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's (CBOE's) decision to the Board of Assessment Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of $101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He 2009-1797 AS0073 CURTIS ELLWOOD E & - R2997504 Page 3 also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. If you have questions or need additional information, please do not hesitate to contact me at (970) 336-7215, Extension 4226. Very truly yours, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2009-1797 AS0073 Weld County CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR BRENDA DONES, DEPUTY ASSESSOR VALUATION REPORT OF RESIDENTIAL IMPROVED PROPERTY FOR County Board of Equalization CURTIS ELLWOOD E & CURTIS JANICE K PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0807-28-1-50-002 Schedule Number: R2997504 Log Number: 593 Date: 7/31/2009 Time: 11:30 AM Board: Board #1 PREPARED BY APPRAISERS NAME Signature Date ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE RESIDENTIAL $280,079 Total: $280,079 2009-1797 GENERAL DESCRIPTION AND MARKET SUMMARY SUBJECT SITE AND IMPROVEMENTS This property is located at 1543 PELICAN LAKES POINT 5B in the city of WINDSOR. The legal description of the property is WIN BWPB UNIT 1543B BLDG 5 BOARDWALK AT PELICAN BAY CONDO ASSOC SUPP 1 SITUS: 1543 PELICAN LAKES POINT 5B WINDSOR 805500000. Utilities available to the site are typical for the area. The residence is a Frame Siding house constructed in2003. It has 1852 square feet of finished living area. There are 3 bedrooms. The Assessor has classified the structure as a Condo <= 3 Stories home of Good quality, using Good quality materials. CBOE_RES_010 Pagi MARKET APPROACH SUMMARY Real property for the tax year 2009 must be valued utilizing the level of value for the period of one and one-half years immediately prior to July 1, 2008. A period of five years immediately prior to July 1, 2008 shall be utilized to determine the level of value if adequate data is not available from such one and one-half year period to adequately determine the level of value for a class of property. Said level of value shall be adjusted to the final day of the data -gathering period. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc., creation of a condominium, new regulations restricting or increasing the use of the land, or a combination thereof {39-1-1oa(11)(b)(I), CRS}. The Weld County Assessor has an established ongoing Sales Confirmation and Validation Program for property transactions used in developing values. The subject property has been classified as Residential for assessment purposes. Residential property value shall be determined by appropriate consideration of the Market Approach to Value {39-1-103(5)(a), CRS}. The Assessor has considered this approach to value for the subject parcel. ASSESSOR'S VALUE RESIDENTIAL $280,079 Total: $280,079 OBOE_RES 010891 Page; Comparable Number Comparable Number Comparable Number CBOE_RES_010E Page Comparable Numbei CBOE_RES_010E Page Map 0 v ft s,Tl^ 1t 1t. Weld County- Internet Mapping Cog np #' Suhiert Comp# CACHE LA POUDRE RIVER Cerr p !fit KODAK DR 1 Map center r2lrarrr r Tht nr It a IGe.' yaeriertai ter Batt Rom si MernlY mapping ttr pet t Ix general reference onrj. Oata avers Mat x drat tets map -worm% oat to arr ax, cement or actiervrse rrtabe. This At4P IS StaT'0 BE LSO =OR fvRYIaAT1Cft (. Legend 1Yr cl I ruinly Hir.Iura.ry yhvrey Roads ParcrlAcrr. Parcel Hjclru (h` I )cortex +mil ♦r�ti.. t'Mv Scala: 1:8) CBOE_RES 010 Pag co 88888288888822888 § g! _ ca roN N0,\Uo ; O0N G ( gw0,\g\ r§»iem, o r ;Asa r ( o \ON0O 01\G 0$m 0 1 - en (0 k!2/ -m■■ `,a !! $l°I2 I0z 7 ELICAN LAKES • 080 0 ✓ 09 a E §»Je� GG 01 aQ§! of \0N00 0,/g O in 0 0 0 O • N CD r 0 en ai • tO c0 Ca 5 2 0 0 § °00 OO S 0a in \\\)/ - 0 �,)z, !7 \\/)\\ /§ „ OOOO0 § ii { 0-0 fl2mcoO ol (;\) �`FF oa, „> 02000 !o0JJJ] co or To To \ co co N - co 0 ci ( co op RI COI 2 LiLa © o m co f @ co E � t � W E 2 0 O k m } CO ag0 O— E -a ' 8 8a w �G§b§!/ OOOOO CD OO OOOOOO O O O , 40 69 CAW „ 10 IA 69 U W, 69 69 69 . k of _ \,K0, o,/§ CD �O $m ,O &a,ag r OD 41) o ai LO § R ! °°o °0§03 ,§7§®e, 0NNN'a ■ \�z !! k\/)\) o .2 of \,§)„ �/gOOOO „ LI ON f0 k kktk %�2±ttECCMCD° = ;O1 §a■ §00 LULU )!!t, mnOmmm0!!!al�,a« cc CD CO REAL AND PERSONAL PROPERTY NOTICE OF DETERMINATION Christopher M. Woodruff WELD Assessor 1400 N 17th Ave GREELEY, CO 80631 Date of Notice: 6/24/2009 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R2997504 2009 0451 WIN BWPB UNIT 1543B BLDG 5 BOARDWALK AT PELICAN BAY CONDO ASSOC SUPP 1 SITUS: 1543 PELICAN LAKES POINT 5B WINDSOR 805500000 1543 PELICAN LAKES POINT 5B WINDSOR, CO 805500000 PROPERTY OWNER CURTIS ELLWOOD E & 1543 PELICAN LAKES POINT No. 56 WINDSOR, CO 80550 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW RESIDENTIAL 280,079 280,079 TOTAL $280,079 $280,079 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: AL01 - Your property has been uniformly valued following Colorado law. Your protest of value has been denied due to comparison of other similar properties which sold during the 2007/2008 time period. 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 bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. 15-DPT-AR PR 207-08/58 NOD #: 1972 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 99 Avid 9"' Street, P.O. Box C Denver, CO 80203 Greeley, Colorado 80632 (303) 866-5880 Telephone (970) 356-4000 Ext. 4520 www.dola.colorado.qov/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, § 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 for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 2 5-1°, 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 cos -ppral al, etc.) a- / rn 1///67 T6 o OR' Txe_ a'erc. j town Accrse 7n A ir - So« Pr,r`�/ 17 c9. TAoc-ce Tai -v. �1OMc's 4to ai7VI S//ld Sz. FA & film#-- f, lon. Far- sump rt-asuii/ ��cios sre valued mo re, ATTESTATION I,�he,undersi ned r agent' of the property identified above, affirm that the statements fined henartachments hereto are true and complete. Q70—qg0--0070 Telephone Number h 1l V hi Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-0B/09 NOD #'. 1972 Ellwood "Woody" Curtis 1543 Pelican Lakes Point Windsor, Co. 80550 Cell Phone 784-6334800 G -mail woody.jan.curtis@gmail.com Weld County Board of Equalization RE: OWNERS: Ellwood & Janice Curtis ADDRESS: 1543-B Pelican Lakes Point Dr. Windsor, CO 80550 PHONE: 970-460-0070 L. LEGAL: win bwpb unit 1543 bldg. 5 Boardwalk at Pelican Bay condo assoc supp 1 situs SCHEDULE# R2997504. I apologize for not being able to attend the board meeting July 31st. I had previous appointments in the Denver area on Thurs & Fri. On June 18, 2008 my above listed property appraised for $215.000. The appraisal was by a independent appraiser ordered by the bank. He was actually in the home for the appraisal and compared it to like properties in the area. I have attached portions of that appraisal. To obtain a more accurate value of the property I had another independent appraisal done on July 8, 2009. See the attached cover letter for that appraisal listing the value at $245,000. I know that appraisal is outside the time period to be consider for the above case but it lends credence to the fact my property should be valued much less than $280,079. See attached "Property Sales Search and Assessor Property Profile" for the property in question. The location of my property is not as ideal as many in this area. It is next to Water Valley Dr. which is a main thoroughfare. The patio is 5 ft. by 14 ft. with no view of a lake nor the mountains. The property drops off to a ditch so there is no area for a yard or personal gardening. Further it doesn't have many interior upgrades, which many comparable properties in the area have. A property at 1890 E. Seadrift Dr. with the same floor plan as mine sold for $278,500 on 5/12/08. See the attached "Property Sales Search and "Assessors Property Profile" It is a few years newer than mine. It has more useable landscape and property around it for personal use. It also has a nice view of the mountains from the upstairs. I do not know what amenities it has inside. I assume the interior is much nicer than mine to sell for $278,500. Weld County lists its Actual Value at $267,579. There property taxes are $2,1300. My property taxes are $22,290. A $990. difference. I feel at a minimum my taxes should be equal if not less than that property. On 1/10/07 a property at 1589 Pelican Lakes Pt. sold for $340,000. See attached "Property Sales Search" It has the same floor plan as mine but a much larger patio area and grassed back yard that adjoins the lake offering a beautiful view. A local realtor estimates a lake side properties such as this sales for $45,000 to $60,000 more. It has upgraded exterior doors and several upgraded interior features such as granite counter tops wood and tile floors. I feel there are so many differences in the two properties they should not be compared as the same. From 1/1/07 to 6/30/08 I found five town homes in the immediate area, all similar to mine, that sold for a average of $254,580. They maybe approximately 100 sq. ft. less but they all have the same number of rooms as mine and more outside property for personal use. Some have two patio areas. I feel $254,580. should be the value of my property. Respectfully Woody Curtis Individual Condominium Unit Appraisal Report Fife No 0088931704 Tne purpose of this summar1 appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property /f4wgrktems 1.54,PFeemouticasffr uille &5 Giv WINDSOR State CO Zip Code 80550-6212 Borrower ELWOOD CURTIS Owner of Public Record DEUTSCHE BANK County WELD Legal Description UNIT 15438, BUILDING 5, BOARDWALK AT PELICAN BAY CONDO Assessor's Parcel t 080728150002 Tax Year 2007 R . Taxes $ 2,505.00 Project Name BOARDWALK Phase # 1 Map Reference WINDSOR Census Tract 22.02 Occupant n Owner ❑ Tenant 0 Vacant S ial Assessments S NONE HOA $ 145.00 per year X'per month i Property Rights Aped 0Fee Simple ❑ Leasehold Other (describe) °' Assignment Type X Purchase Transaction LJ Refinance Transaction I_i Other (describe) Lender/Client HREG Mortgage Services, LLC Address #2 Garden Center Suite 202, Broomfield CO 80020 Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective daze of this appraisal? EX Yes j No Report data source(s) used, offering price(s), and date(s). LISTED IN THE MLS FOR $209,900 DOM N/A I V did D 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. IT APPEARS TO BE A TYPICAL SALES AGREEMENT CerthattPriceI2tb,tVe MedCa ttratt06103Y2006 Is the property seller the owner of public record? XO Yes ❑ No Data Source(s) PUB RECORDS C 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? U Yes ❑ No L If Yes. report the total dollar amount and describe the items to be paid. S NONE Note. Race and the racial composition of the neighborhood are not appraisal factors. r NeIghborhoodCharacteristtcs' + MYw�i ,, .: Condominium Unit Housing Trehdso,f ,.' Condominium H ,. - P entLandUse% Location U Urban X Suburban Rural Property Values Increasing_ XFStable Declining PRICE AGE One -Unit 85 % ., Built-Ui X Over 75% 25.75% r..g -. Under 25% Demand/Suy. Shortage X In Balance Over Supply S(000) (yrs) 2-4 Unit 5 % Growth I Raid X Stable Slow Marketing Time Under 3 mths X 3-6 mths Over 6 mths 120 Low NEW Multi-Famil 5 % Neighborhood Boundaries HIGHWAY 252 ON THE EAST, MAIN STREET ON THE NORTH, 250 High 10 Commercial 5 % ,`. M 7TH ON THE WEST AND HIGHWAY 34 ON THE SOUTH 190 Pred. 5 Other % Neighborhood Description THE SUBJECT IS LOCATED IN SE WINDSOR IN A TYPICAL AREA WHICH HAS MOSTLY AVG TO GOOD QUALITY SINGLE FAMILY HOMES WITH SOME CONDOS AND TOWN HOMES IN THE AREA. THIS AREA HAS GOOD APPEAL TO THE LOCAL REAL ESTATE MARKET Market Conditions (including support for the above conclusions) See Attached Addendum. Topography GENERALLY LEVEL Size TYPICAL Density AVERAGE View AVERAGE STREET Specific Zoning Classification NCN Zoning Description MEDIAN DENSITY RESIDENTIAL boning Compliance X Legal E Legal Nonconforming - Do the zoning regulations permit rebuilding to current density? Li Yes O No No Zoning) Illegal (describe) Is the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? XC J Yes ❑ No If No, describe. Utilities Public Other (describe) Public Other (describe) Off -site Improvements —Type Public Private Electricity X Water X Street ASPHALT �X c Gas X � Sanitary Sewer X � Alley DIRT/GRAVEL lX 2 FEMA Special Flood Hazard Area ❑Yes © No FEMA Flood Zone X FEMA Map # 080102 0979F FEMA Map Date 12/19/2006 Are the utilities and off site improvements typical for the market area? 0Yes ❑ No If No, describe. r� t Are there any adverse site conditions or external factors (easements. encroachments. environmental conditions, land uses, etc.)? O Yes No If Yes, describe. Data source(s) for project information INSPECTION Project Description ❑ Detached E Row or Townhouse Garden ❑ Mid -Rise n High -Rise ❑ Other(describe) s General Description Genial Description . Subject Phase " If Project Completed r-' a'' •- t`'t;_1FProject Iruotnplete 4 of Stories 2 Exterior Wails FRAME # of Units 80 5 of Phases 1 B of Planned Phases t of Elevators NONE Roof Surface ASPHAL Y of Units Completed 80 # of Units 80 if of Planned Units © Existing ❑Proposed Total Y Parking 220 # of Units For Sale 2 # of Units for Sale 2 # of Units for Sale •Under ConsVuction Ratio (spaceslunils) 2 # of Units Sold 78 # of Units Sold 80 # of Units Sold Year Built 2003 Type GARAGE # of Units Rented 12 # of Units Rented 12 if of Units Rented Effective Age 2 3 YEARS Guest Parking SEVERAL # of Owner Occupied Units 68 5 of Owner Occupied Units 68 It of Owner Occupied Units Pro pct Prima Occu.anc X Princi..1 Residence Second Home or Recreational Tenant Is the develo er/builder in control of the Homeowners' Association HOA ? IllYes © No Management Group - X Homeowners' Association Developer Management Agent - Provide name of management company. N Does any single entity (the same individual, investor group, corporation, etc.) own more than 10% of the total units in the project? D Yes X) No 1f Yes, describe z i; a Was the project created by the conversion of an existing building(s) into a condominium? E Yes XD No If Yes, describe the original use and the date of conversion. re. Z (ndiviaMitondomrnILfn Unit Appraisal Report-- File No. 0088931704 Describe the condition of the project and quality of construction. THE UNITS ARE IN AVERAGE CONDITION WITH THE PROJECT BEING AVERAGE QUALITY FOR THIS AREA. C Describe the common elements and recreational facilities. GREEN BELTS. LAKE RIGHTS, POOL :;-r. c rr-- 2 Are any common elements leased to or by the Homeowners' Association? L ] Yes 0 No If Yes, describe the rental terms and options. z_ h o B Is the project subject to a ground rent? Yes X No if Yes, S per year (describe terms and conditions) Are the parking facilities adequate for the project size and type? U Yes ❑ No If No, describe and comment on the effect on value and marketability. I C did 0 did not analyze the condominium project budget far the current year. Explain the results of the analysis of the budget (adequacy of fees, reserves, etc ), or why the analysis was not performed. NOT AVAILABLE hi r' Are there any other fees (other than regular HOA charges) for the use of the project facilities? ❑ Yes 0 No II Yes, report the monthly facility charges and describe. z z Q i_ Compared to other competitive projects of similar quality and design, the subject unit charge appears ❑ High D Average ❑ Low If High or Low, describe. O . Are there any special or unusual characteristics of the project (based on the condominium documents, HOA meetings, or other information) known to the appraiser? ❑ Yes XC� No If Yes, describe and explain the effect on value and marketability. Unit Charge S 145.00 per month X 12 = S 1,740.00 per year Annual assessment char e r year er square feet of grass living area = S 0.91 Utilities included in the unit monthly assessment ONone 0Heat ❑ Air Conditioning ® Electricity ❑ Gas�Water X Sewer ❑ Cable U Other (describe) .,yam Ti. • •GENERAL'DESCRIPTI0N; n':°? �. o -..r . w ��. katEitI W,M i' +� . .�� t :)... 1 ) tSF 'f ,G r, $o!EE {" «` CARSTORAGgi . Floor # 1ST AND 2ND Floors CPT-VINYLJGOOD X Fireplaces) # ONE Refrigerator None # of Levels TWO Wails DRYWALL/GOOD Woodstove(s) I Range/Oven GOOD X Garage CD Covered D Open Heating Type FA Fuel NG Trim/Finish WOOD/GOOD X Deck/Patio C OV X Disp ❑Microwave I of Cars 2 X Central AC ❑Individual AC Bath Wainscot TILE/GOOD X Porch/Balcony COVERED X Dishwasher GOOD 0Assigned 0 Owned Other (describe) Doors WOOD/GOOD � Other Washer/Dryer Parking Space I N/A Finished area above grade contains: 5 Rooms 2. .5 Bath() 1,918 Square Feet of Gross Living Area Above Grade tfl__J �33� 1ledrooms Are the heating and cooling for the individual units separately metered? 0 Yes No If No, describe and comment on compatibility to other projects in the market area. 2 o a Additional features (special energy efficient items, etc.). TYPICAL UNIT FOR THIS AREA .T Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). THE UNIT APPEARS TO BE IN AVERAGE E CONDITION HAVING TYPICAL PHYSICAL DEPRECATION FOR THIS AREA NEEDING NO MAJOR REPAIRS. THE SUBJECT IS A TYPICAL UNIT FOR THIS AREA HAVING NO FUNCTIONAL OR EXTERNAL OBSOLESCENCE NOTED DAY OF APPRAISAL Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? ❑ Yes XO No If Yes, describe Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? CO Yes 7 No If No, describe. I X]did ❑ did not research the sale or transfer history of the subject property and comparable sales. If not, explain My research ❑ did © did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data source(s PUBLIC RECORDS My research U did X 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 source(s) PUBLIC RECORDS Report the results of the research and analysis of the prior sale or transfer history of the subject property and com arable sales (report additional prior saes on page 3). ITEM SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SALE NO. 2 COMPARABLE SALE NO. 3 Date of Prior SalefTransfer 11./19/2007 NONE NONE NONE Price of Prior Safe/Transfer FORECLOSURE N/A N/A N/A Data Sourcefsl P1 fRI It : RFC.nRnS PI till It P r`npnc Pi rat If` ocr-,nonc nl Ibl 1/� nt-/''/lane Individual Condominium Unit Appraisal Report File No. 0088931704 There are 6 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 180,000 tos 250,000 There are 5 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from S 175,000 FEATURE SUBJECT fitness and 1543PELrCAN LAKES PT Unit Y B-5 Project Name and BOARDWALK Phase 1 Proximity to Subject Sale Price Sale Price/Gross LM. Area Data Source(s) Verification Source(s) VALUE ADJUSTMENTS Sale or Financing Concessions Date of Salefrime Location Leasehold/Fee Simple HOA Mo. Assessment Common Elements and Rec. Facilities Floor Location View Design (Style) Quality of Construction Actual Age Condition Above Grade Room Count Gross Living Area30.00 Basement & Finished Rooms Below Grade Functional Utility Heating/Cooing Energy Efficient Items Garage/Carport Porch/Patio)Deck COMPARABLE SALE NO. 1 2177 CAPE HATTERAS DR 26-5 LIGHTHOUSE 6 1.45 miles S $ 202,000 $ 126.73 sq. ft. MLS/REALTOR PUBLIC RECORDS COMPARABLE SALE NO. 2 227 ROCK BRIDGE LtJ D-22 WATER VALLEY 1 0.05 miles WNW to s 250,000 COMPARABLE SALE NO. 3 123 BAYSIDE CIR, 123 PELICAN BAY $ $ 109.49 sq. ft. 210,000 DESCRIPTION NONE DESCRIPTION CONV NO PTS DOM 24 11/30/2007 SUBURBAN FEE SIMPLE $100.00 GREEN BELT ,H S Aaiustm®n $ 145.71 sq. It MLS/REALTOR PUBLIC RECORDS DESCRIPTION CONY NO PTS DOM 17 02/06/2008 SUBURBAN FEE SIMPLE $165.00 GREEN BELT 255,000 di S Adjustment 0.62 miles N $ $ 138.73 sq. ft. MLS/REALTOR PUBLIC RECORDS DESCRIPTION CONV NO PTS DOM 89 09/28/2007 SUBURBAN FEE SIMPLE $155.00 GREEN BELT 214,900 .(-0$Ag4slmenl 06/03/2008' SUBURBAN FEE SIMPLE $145.00 GREEN BELT 1ST AND 2ND AVERAGE TWO-STORY AVG-GD/FRAME 5+/- Years AVERAGE 1ST AND 2ND AVERAGE TWO-STORY AVG-GD/FRAME NEW GOOD 1ST AND 2ND AVERAGE TWO-STORY AVG/GD/FR 5 YEARS AVERAGE 1ST AND 2ND AVERAGE TWO-STORY AVG-GD/FR 6 YEARS AVERAGE -2,500 Tots arms Baths 5 3 2..5 Tots 5 3 2.5 arms Baths Tots 5 3 2.5 Berms Bahs rots 5 3 2.5 Bamis Baths NONE 1,918 sq. ft. NONE 1,594 sq. ft. 9,700 0 1,750 sq. ft. 1450 SO. FT. 0% FINISHED TYPICAL FA/AC TYPICAL 2 CAR GARAGE COV PATIO TYPICAL KIT FIREPLACE UPGRADES 5,000 -7,250 1,549 sq. ft. NONE 11,100 0 TYPICAL FA/A C TYPICAL 2 Car Garage COV PATIO TYPICAL KIT FIREPLACE TYPICAL FA/A C TYPICAL 1 CAR PORT COV PATIO TYPICAL KIT FIREPLACE 6,000 TYPICAL FA/A C TYPICAL 2 CAR GARAGE COV PATIO TYPICAL KIT FIREPLACE UPGRADES Net Adjustment (Total) Adjusted Sale Price of Comparables Summary of Sales Compar son Approach EQUAL WEIGHT GIVEN TO ALL THE COMPARABLES WHICH ARE SIMILAR TO THE SUBJECT IN QUALITY, LOCATION AND CONDITIONS. ALL THE COMPARABLES HAVE TYPICAL FINANCING FOR THIS AREA SO NO ADJUSTMENT WAS NEEDED. TYPICAL ADJUSTMENTS WERE MADE AS NEEDED FOR UNITS OF THIS AGE AND QUALITY. IXI. I l Net Adj. 6.5% Gross Adj. 9.0% 13,200 $ 215,200 f J. fxl. Net Adj. -5.8% Gas Adj. 9.7% s -12,500 14,750 $ 240,250 U. n- Net Adj. -0.7% Gross Adj. 11.0% $ -12,500 1,400 $ 213,500 DatIreerefaMPegolnISNISSODi P'INCOME APPROACH TO VALUE (not required by Fannie Mae) Estimated Monthly Market Rent $ N/A X Gross Rent Multiplier N/A = E N/A Indicated Value by Income Approach Summary of Income Approach (including support for market rent and GRM) DUE TO LIMITED DATA THE INCOME APPROACH IS INVALID M11 � 5618002filtaantenams215,000 Income Approach (it developed) 8 N/A FOR UNITS OF THIS AGE AND IN THIS AREA THE SALES COMPARISON IS THE BEST INDICATOR OF VALUE AND IS THEREFORE GIVEN THE MOST WEIGHT. THE INCOME APPROACH AND THE COST APPROACH IS INVALID FOR CONDO IN THIS AREA DUE TO LIMITED DATA. THE ESTIMATED REMAINING ECONOMIC LIFE OF THE SUBJECT PROPERTY IS 50 TO 55 YEARS. 52794168 Individual Condominium Unit Appraisal Report File No. 0088931704 FEATURE I SUBJECT COMPARABLE SALE NO. 4 COMPARABLE SALE NO. 5 COMPARABLE SALE NO. 6 Address and 1543 PELICAN LAKES PT Unit t B-5 218 ROCK BRIDGE LN 248 234 HABITAT CIR WINDSOR Project Name and BOARDWALK Phase 1 WATER VALLEY WATER VALLEY Proximity to Subject b 0.11 miles W 0.12 miles SW Sale Price $ 210,000 * > a y $ 123 900 x�a k > $ 209 000 S4 did =t;+ $ Sale Price/Gross LN Area $ 109.49 s . R $ 145.01 sq. R *ts $ 173.88 sq. R. S sq. IL Data Source(s) ti MLS/REALTOR MLS/REALTOR Verification Source(s) PUB RECORDS PUBLIC RECORDS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .f)S Adystmem DESCRIPTION t(.) S Adpsuneel DESCRIPTION .(N)3 Adjusanem Sale or Financing Concessions jO` x� ':i•. ACTIVE DOM 21 ACTIVE DOM 519 Date of Sale/Time Wtab° Y ' 06/18/2008 06/18/2008 Location SUBURBAN SUBURBAN SUBURBAN Leasehold/Fee Simple FEE SIMPLE FEE SIMPLE FEE SIMPLE HOA Mo. Assessment $145.00 $180.00 $180.00 Common Elements and Rec. Facilities GREEN BELT GREEN BELT GREEN BELT Floor Location 1ST AND 2ND 1ST AND 2ND 1ST AND 2ND view AVERAGE AVERAGE AVERAGE Design (Style) TWO-STORY TWO-STORY TWO-STORY Quality of Construction AVG-GD/FRAME AVG-GD/FRAME AVG-GD/FRAME Actual Age 5+/- Years 8 YEARS 6 YEARS Condition AVERAGE AVERAGE AVERAGE Above Grade Room Count Gross LivingAma30.00 Taal Bdrms Baths Tea Dams Baths Total earns. Baths This earns Baths 5 3 2..5 5 3 2.5 5 3 2.5 1,918 sq.It 1,544 sq.fL 11,200 1,202 sq.It. 21,500 sq.ft. Basement&Finished Rooms Below Grade NONE 620 SQ.FT. 0% FINISHED -3,100 552 SQ.FT. 90% FINISHED -2,760 Functional Utility TYPICAL TYPICAL TYPICAL Heating/Cooing FA/A C FA/A C FA/A C Energy Efficient Items TYPICAL TYPICAL TYPICAL Garage/Carport 2 Car Garage 2 Car Garage 2 Car Garage Porch/Patio/Deck COV PATIO COV PATIO COV PATIO TYPICAL KIT TYPICAL KIT TYPICAL KIT FIREPLACE FIREPLACE FIREPLACE Net Adjustment (Total) .* ` R)+ ff- $ 8,100 N., I:- s 18,740 [ 1+ (l- $ 0 Adjusted Sale Price of Comparables "" ' '`g Sn,r R' '°r a,.. Net Adj. 3.6% Gross Adj. 6.4% $ 232,000 Net Adj. 9.0% cross Adj. 11.6% $ 227,740 Net Adj. 0.0% Gross Adj. 0.0% $ 0 ITEM SUBJECT I COMPARABLE SALE NO. 4 COMPARABLE SALE NO. 5 COMPARABLE SALE NO. 6 Date of Prior Sale/Transfer 11./19/2007 NONE NONE Price of Prior Sale/Transfer FORECLOSURE N/A N/A Data Source(s) PUBLIC RECORDS PUBLIC RECORDS PUBLIC RECORDS Effective Date of Data source(s) 06/18/2008 06/18/2008 06/18/2008 Summary of Sales Comparison Approach File No. 0088931704 CINDY ROBERTS W: 3033276010 HREG Mortgage Services, LLC #2 Garden Center Suite 202 Broomfield, CO 80020 File Number: 0088931704 In accordance with your request, I have appraised the real property at: 1543 PELICAN LAKES PT WINDSOR, CO 80550-6212 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. frr nrfe}iSierr, the market value of the property as of June 18, 2008' i s : $215,000 Two Hundred Fifteen Thousand Dollars. The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. • inney Ne ce-to Assessor Sales Data Window At - Page 1 of I Improved Property Sales Search Property Location Parcel Number: 080728150002 (Map) Account Number: R2997504 Section: 28 Township: 06 Range: 67 8O5500000, WINDSOR Description: BOARDWALK AT PELICAN BAY CONDO Sale Details Reception Number: 3565971 Se1I malt 27-iui er SalePlitt.4,z Okada' Grantor: DEUTSCHE BANK NATIONAL TRUST COMPANY Grantee: CURTIS ELLWOOD E & Property Characteristics Year Built: 2003 Property Type: Condo Land Type: Acres: 0 Land SQ. FT.: 0 Number of Buildings: 1 Primary Occupancy: Condominium unit Built As: Condo <= 3 Stories Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 Total SQ. FT.: 1920 Residential SQ. FT.: 1920 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 525 t8twdo SQ.FT.: 1852 Carport SQ.FT.: 0 Porch SQ. FT.: 102 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data_detail.cfm?RECEPTION=35659... 6/7/2009 Identify Results •, Page 1 of 1 Account#: R2997504 Tax Area: 0451 Acres: Township Range Section Quart. Sec. 06-67-28-1 Owners Name & Address: CURTIS ELLWOOD E & 1543 PELICAN LAKES POINT No. 5B WINDSOR, CO 80550 Additional Owners: CURTIS JANICE K Business/Complex: Sale Date 6/27/2008 WELD COUNTY ASSESSOR PROPERTY PROFILE Sale Price ;210,000 Parcel#: 080728150002 Bordering County: Subdivison Name Block* Lot# BOARDWALK AT PELICAN BAY CONDO ASSOCIATI - - 15438 Property Address: •—'- 1543 PELICAN LAKES POINT 56 WINDSOR, City: WINDSOR Sales Summary Deed Type SWD Legal Description Reception # 3565971 WIN BWPB UNIT 1543B BLDG 5 BOARDWALK AT PELICAN BAY CONDO ASSOC SUPP 1 SITUS: 1543 PELICAN LAKES POINT 58 WINDSOR 805500000 Bldg# 1 Property Type Condo Improvements Subtotal: Total Property Value Account#: R2997504 Owners Name & Address: CURTIS ELLWOOD E & 1543 PELICAN LAKES POINT No. 58 WINDSOR, CO 80550 Building* 1 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Condo <= 3 Stories Frame Siding Drywall 3 3 2 0 525 0 Buildings Valuation Summary BaMrl Value $280,079 I{2B0,079 Building Details Property Address: Street: 1543 PELICAN LAKES POINT 5B WINDSOR City: WINDSOR Property Type Condo Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: Amassed Value $22,290 .22,290 Parcel#: 080728150002 2003 Central Air to Air 1852 Composition Shingle Units: 1 Detached SQ Ft: 0 Finished SQ Ft: 0 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072... 7/19/2009 Assessor Sales Data Window Page 1 of 1 Improved Property Sales Search Property Location Parcel Number: 080733142005 (Map) Account Number: R4108306 Section: 33 Township: 06 Range: 67 Address: ?d99-ESE*DRTFT"DR4-B, WYNDSOR Description: SUNSET BAY LUXURY LODGES CONDO C° Sale Details Reception Number: 3553388 Sala Dater 12Mey-99 Sale Price $2711,50O.0O Grantor: BRAGASSA CONSTANCE JO & Grantee: BRAGASSA FAMILY TRUST Property Characteristics Year Built: 2003 Property Type: Condo Land Type: Acres: 0 Land SQ. FT.: 0 Number of Buildings: 1 Primary Occupancy: Condominium unit Built As: Condo <= 3 Stories Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 Total SQ. FT.: 1920 Residential SQ. FT.: 1920 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 525 Condo SQ.FT.: 1852 Carport SQ.FT.: 0 Porch SQ. FT.: 102 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data detail.cfm?RECEPTION=3553... 6/30/2009 Identify Results Page 1 of 1 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R4108306 Tax Area: 0452 Bordering County: Acres: Parcel#: 080733142005 Township Range Section Ouart. Sec. Subdivison Name Block# Lot# 06 - 67 - 33 - 1 SUNSET BAY LUXURY LODGES CONDOS AT WATER - - 1890B Owners Name & Address: BRAGASSA FAMILY TRUST 1890 B E SEADRIFT DRIVE WINDOSR, CO 80550 Business/Complex: Sale Date 5/12/2008 Sale Price $278,500 Property Address: Snob 1890 E SEADRIFT DR 4-B WINDSOR.. City: WINDSOR Sales Summary Deed Type QC Legal Description Reception # 3553388 WIN 2SBLLC UNIT 1890B BLDG 4 SUNSET BAY LUXURY LODGES CONDOS AT WATER VALLEY SUPP #2 1890 E SEADRIFT DR 4-B WINDSOR 000000000 Bldg# 1 Property Type Condo Improvements Subtotal: Total Property Value Account#: R4108306 Owners Name & Address: BRAGASSA FAMILY TRUST 1890 B E SEADRIFT DRIVE WINDOSR, CO 80550 Building* 1 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Condo <= 3 Stories Frame Siding Drywall 3 3 2 0 525 0 Buildings Valuation Summary Itebal Value $267,579 $267,579 Building Details Property Address: Street: 1890 E SEADRIFT DR 4-B WINDSOR City: WINDSOR Property Type Condo Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: Assessed Value $21,300 $21,300 Parcel#: 080733142005 2005 Central Air to Air 1852 Composition Shingle Units: 1 Detached SQ Ft: 0 Finished SQ Ft: 0 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08073... 7/19/2009 Assessor Sales Data Window Page 1 of I Improved Property Sales Search Property Location Parcel Number: 080728352002 (Map) Account Number: R3330505 Section: 28 Township: 06 Range: 67 Ws 2589PEEICAN LAKES PT 38, WINDSOR Description: BOARDWALK AT PELICAN BAY CONDO Sale Details Reception Number: 3449218 Sahel D•tar 10 -Jan -07 Sale Price: $340,000.00 Grantor: ROBERTS MICHAEL A Grantee: GREENE PAUL D & Property Characteristics Year Built: 2004 Property Type: Condo Land Type: Acres: Land SQ. FT.: Number of Buildings: 1 Primary Occupancy: Condominium unit Built As: Condo <= 3 Stories Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 Total SQ. FT.: 1920 Residential SQ. FT.: 1920 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 525 Condo SQ.FT.: 1852 Carport SQ.FT.: 0 Porch SQ. FT.: 102 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data detail.cfm?RECEPTION=3449... 6/30/2009 i1111J1 VVCY r'1 VIJCI Ly JfiWb acartat Property Location Parcel Number: 080728122030 (Map) Account Number: R0676301 Section: 28 Township: 06 Range: 67 Address? 125 BAYSIDE CIR , WINDSOR Description: WATER VALLEY 5TH Sale Details Reception Number: 3452593 Sale Date: 26 -Jan -07 Sale Prise: $216,000.00 Grantor: BANK NEW YORK Grantee: HARTMANN CLARE D & Property Characteristics Year Built: 2001 Property Type: Townhouse Land Type: Residential Acres: 0.0762 Mad SQ. FT.: 3328 Number of Buildings: 1 Primary Occupancy: Townhouse Built As: Townhouse Two Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 liedellearner Residential SQ. FT.: 1713 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 1204Mezzanine SQ. FT.: 0 Garage SQ.FT.: 435 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 144 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data detail.cfm?RECEPTION=3452... 5/28/2009 Assessor Sales Data Window Page 1 of I v Improved Property Sales Search Property Location Parcel Number: 080728122008 (Map) Account Number: R0674101 Section: 28 Township: 06 Range: 67 t20DOW5YDE-aR , WINDSOR Description: WATER VALLEY 5TH Sale Details Reception Number: 3496906 Sale Date: 27 -Jul -07 Sale Price: $242,900.00 Grantor: VANANDEL DOUGLAS ALLEN Grantee: WAKEFIELD DAVID A & Property Characteristics Year Built: 2002 Property Type: Townhouse Land Type: Residential Acres: 0.0766 JaasiSQ. FT.. 3335 Number of Buildings: 1 Primary Occupancy: Townhouse Built As: Townhouse Two Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 4 Residential SQ. FT.: 1713 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 1204Mezzanine SQ. FT.: 0 Garage SQ.FT.: 435 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 144 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data detail.cfm?RECEPTION=3496... 5/21/2009 Assessor Sales Data Window Page 1 of 1 Improved Property Sales Search Property Location Parcel Number: 080728217004 (Map) Account Number: R8279000 Section: 28 Township: 06 Range: 67 Address: 227 ROCK BRIDGE LN , 805500000, WINDSOR Description: WATER VALLEY 3RD Sale Details Reception Number: 3533009 A1Ade Date: 31 -Jan -08 Sale Price: $255,000.00 Grantor: BESEL DONALD L & Grantee: TESELLE JUDITH K Property Characteristics Year Built: 2001 Property Type: Townhouse Land Type: Townhouse Acres: 0.0758 Land SQ. FT.: 3306 Number of Buildings: 1 Primary Occupancy: Townhouse Built As: Townhouse Two Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 Total SQ. FT.: 1712 Residential SQ. FT.: 1712 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 440 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 64 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data_detail.cfm?RECEPTION=35330... 7/1/2009 Assessor Sales Data Window Page 1 of 1 V Improved Property Sales Search Property Location Parcel Number: 080728122034 (Map) Account Number: R0676701 Section: 28 Township: 06 Range: 67 Address: 109 BAYSIDE CIR , WINDSOR Description: WATER VALLEY 5TH Sale Details Reception Number: 3468138 ate Price: $269,000.00 Grantor: ORD TRUST 04-27-2004 Grantee: DOERING GARY R & Property Characteristics Year Built: 2002 Property Type: Townhouse Land Type: Townhouse Acres: 0.08 Land SQ. FT.: 3486 Number of Buildings: 1 Primary Occupancy: Townhouse Built As: Townhouse Two Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 Residential SQ. FT.: 1713 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 435 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 144 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data_detail.cfin?RECEPTION=3468... 5/28/2009 Assessor Sales Data Window Page 1 of l Improved Property Sales Search Property Location Parcel Number: 080728219021 (Map) Account Number: R0672001 Section: 28 Township: 06 Range: 67 ASS 245 HABITAT CYR , WINDSOR Description: WATER VALLEY FG 4TH Sale Details Reception Number: 3496847 saliiikrL—W Io-Aug-Q7 Sativ.POirtesS290,000.00, Grantor: WILLEY KEVIN Grantee: MAVES GARY W & Property Characteristics Year Built: 2002 Property Type: Townhouse Land Type: Townhouse Acres: 0.0675 taetd SQ. FL: 2941 Number of Buildings: 1 Primary Occupancy: Townhouse Built As: Townhouse Two Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 total SQ. FT.: 1712 Residential SQ. FT.: 1712 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 440 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 154 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co.us/departments/assessor/sales_data detail.cfm?RECEPTION=3496... 7/29/2009 Wine COLORADO July 17, 2009 CURTIS ELLWOOD E & 1543 PELICAN LAKES POINT NO. 5B WINDSOR, CO 80550 CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 080728150002 Account No.: R2997504 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 31, 2009, at or about the hour of 11:30 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, 2009, and mailed to you on or before August 12, 2009. 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. CURTIS ELLWOOD E & - R2997504 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 Hello