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Home My WebLink About20091885.tiffCLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO September 1, 2009 BOSTOCK MARK W 1775 MERLIN LN WINDSOR, CO 80550 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R8087699 PARCEL #: 080729001002 - WIN HTE L2 HILLTOP ESTATES SITUS: 1775 MERLIN LN WINDSOR Dear Petitioner: On July 28, July 30, and August 5, 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 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 DETERMINED BY ASSESSOR ACTUAL VALUE AS STIPULATED $581,014 $552,110 2009-1885 AS0073 cy.:/i C4, PEACt� � BOSTOCK MARK W - R8087699 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, �.� 4," Liz, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2009-1885 AS0073 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R8087699 STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF: NAME: BOSTOCK MARK W 1775 MERLIN LN WINDSOR CO 80550 Petitioner(s), BOSTOCK MARK W and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2009 valuation of the subject property, and jointly move that the Board of Equalization to enter its order based on this Stipulation. Petitioner(s) and the Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: WIN HTE L2 HILLTOP ESTATES SITUS: 1775 MERLIN LN WINDSOR 000000000 2. The subject property is classified as Residential property 3. The County Assessor originally assigned the following actual value to the subject property for 2009. LAND: $234,000 IMPROVEMENTS: $347,014 TOTAL: $581,014 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. LAND: $234,000 IMPROVEMENTS: $318,110 TOTAL: $552,110 2009-1885 5. The valuations, as established above, shall be binding only with respect to tax year 2009. 6. Brief narrative as to why the reduction was made: Value was adjusted based upon the general market prices per sq. ft. that were in place in the base period. 7. A hearing has not yet been scheduled before the Board of Equalization. DATED this 20 day of July, 2009. Petitioner( Address: 14-45 ft eivtrkCn UUu- dsor. CO % SSo 03/4;_t Attorney Telephone: County Assessor: Petitioner(s) or Attorney Address: Telephone: ADDRESS: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 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 R8087699 2009 0452 WIN HTE L2 HILLTOP ESTATES SITUS: 1775 MERLIN LN WINDSOR 000000000 1775 MERLIN LN WINDSOR, CO 000000000 PROPERTY OWNER -I BOSTOCK MARK W 1775 MERLIN LN WINDSOR, CO 80550 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW RESIDENTIAL 609,486 581,014 TOTAL $609,486 $581,014 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 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. O5.DPT-AR PR 207-08/08 N D 4: 6503 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10`" 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 Avg nue and 9t° Street, P.O. Box C Denver, CO 80203 Greeley, Colorado 80632 (303) 866-5880 Telephone (970) 356-4000 Ext. 4520 www.dola.colorado.00y/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.) $¶2S)Occ' 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.) S 4 -F et 7tac it F (✓ ATTESTATION I, the undersigned owner contained herein nd Signature an or agent' of the property identified above, affirm that the statements a,hments hereto are true and complete. 303-59/- S775 7//t/ IO 7 Telephone Number Date 1 Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/08 NOD It: 6503 July 14, 2009 Schedule Number R2069103 To Whom It May Concern: I believe our house should be valued at $525,000. I've enclosed a history of the attempted sale of this house. It was last listed at $555,900 on April 16, 2008 and didn't sell. It was foreclosed on and transferred to Countrywide Home Loans on June 2, 2008. It ultimately sold in March 2009 for $485,000 (I know this sale doesn't count because of the timing). Based on the above information, I believe our house should be valued at $525,000. Sincerely, )t ��( �jCr�� Mark Bostock File No, KK071509051 Paae NBI File No. KKO2150905 8onow /Cidf MARK 8 ASHLEY BOSTOCK rr ----- Properly Address 1775 MERLIN LANE Clly WINDSOR County WELD Stale CO Lp Code 80550-3345 Lender CENTENNIAL LENDING LLC • URAR; Subject - a s. Neon Pneetsl. Datatsi LOCAL MLS: LISTINGS FOR THE SUBJECT FIRST BEGAN DECEMBER 1, 2006 AT $760,000. THE ASKING PRICE WAS LOWERED TO $739,000 ON JUNE 5, 2007. THE ASKING PRICE WAS LOWERED TO $734,000 ON JULY 12.2007. THE ASKING PRICE WAS LOWERED TO $718.000 ON AUGUST 3, 2007. THE ASKING PRICE WAS LOWERED TO $710,000 ON AUGUST 20, 2007- THE ASKING PRICE WAS LOWERED TO $689,000 ON SEPTEMBER 10, 2007. THE ASKING PRICE WAS LOWERED TO $675,000 ON OCTOBER 16, 2007. THE ASKING PRICE WAS LOWERED TO $649,000 ON NOVEMBER 14, 2007. THE ASKING PRICE WAS LOWERED TO $624,000 ON MARCH 6, 2008. THE ASKING PRICE WAS LOWERED TO 5555.900 ON APRIL 16. 2008. THIS IS ATOTAL OF 507 DAYS ON THE MARKET. THE SUBJECT THEN TRANSFERRED VIA PUBLIC TRUSTEE DEED TO COUNTRYWIDE HOME LOANS ON JUNE 2, 2008. NEW LISTINGS FOR THE SUBJECT BEGAN ON JANUARY 6, 2009 AT $521,900. THE ASKING PRICE WAS LOWERED TO $513,900 ON JANUARY 26 2009, THE ASKING PRICE WAS LOWERED TO $496900 ON JANUARY 29 2099 THE SUBJECT WENT UNDER CONTRA FEBRUARY 1, 2009 AT 5480.000. • URAR : Imorovemento - Condition of the Prooerp PHYSICAL DEPRECIATION IS FIGURED ON THE AGE/LIFE METHOD. NO FUNCTIONAL OBSOLESCENCE WAS NOTED. ENGINEERING FOR THE SUBJECT FOUNDATION/STRUCTURE IS ASSUMED ADEQUATE FOR SOIL AND OTHER SITE CONDITIONS. THE SUBJECT IS A RANCH STYLE HOME WITH A FULL, WALK -OUT STYLE BASEMENT AND A 3 CAR ATTACHED GARAGE. THE MAIN FLOOR CONTAINS A LIVING ROOM WITH FIREPLACE. FORMAL DINING ROOM. KITCHEN WITH BREAKFAST AREA. 3 BEDROOMS. DEN, LAUNDRY ROOM, AND 2.75 BATHS. THE BASEMENT IS 85% FINISHED AND CONTAINS A FAMILY ROOM WITH WET BAR, HOME THEATRE ROOM. 2 BEDROOMS, I FULL BATH. UNFINISHED STORAGE ROOM, AND UNFINISHED MECHANICAL ROOM. THE SUBJECT HAS A COVERED FRONT PORCH, COVERED REAR CONCRETE PATIO OFF THE WALK -OUT BASEMENT. AND A COVERED REAR FLAGSTONE DECK OFF THE LIVING ROOM. THE SUBJECT IS ONE OF THE NICEST SITUATED HOMES I HAVE SEEN. IT SITS ON A HILL AND HAS EXCELLENT VIEWS FROM THE DECK AND PATIO (LOOKING EAST) OF THE LAKES AND GOLF COURSE OF PEUCAN LAKES. IT ALSO HAS VIEWS OF THE CITY OF WINDSOR IN THE SAME DIRECTION. FROM THE FRONT PORCH, IT HAS VERY NICE MOUNTAIN VIEWS TO THE WEST. OVERALL. THE SUBJECT HAS BEEN WELL MAINTAINED AND IS IN GOOD CONDITION. THE SUBJECT IS A CUSTOM HOME AND EMPLOYS HIGH END INTERIOR FINISH MATERIALS SUCH AS CHERRY CABINETRY, SLAB GRANITE AM) MARBLE COUNTERS, HARDWOOD AND TRAVERTINE FLOORS, AND HIGH END CARPETING. INTERIOR WALLS ARE IN GOOD CONDITION. THE SUBJECT HAS SOLID 6 -PANEL DOORS THROUGHOUT. BEING A LENDER -OWNED PROPERTY. THE SUBJECT DID HAVE SOME MINOR REPAIR ITEMS SUCH AS A FEW MISSING LIGHT FIXTURES. SOME MISSING ELECTRICAL OUTLET AND SWITCH PLATE COVERS, AND SOME DRYWALL ISSUES IN THE HOME THEATRE WHERE THE SURROUND SOUND SYSTEM HAD BEEN REMOVED. THESE ARE MINOR DEFECTS AND MENTIONED IN THIS REPORT AS THEY WERE OBSERVABLE DURING MY INSPECTION. PLEASE SEE INTERIOR PHOTOS AND PHOTOGRAPH ADDENDUM INCLUDED IN THIS REPORT. • $IRAR : Sales Comparison Analysis - Summary of Sales Comparison Approach ALL OF THE COMPARABLE SALES USED ARE LOCATED IN THE SUBJECTS COMPETIINE MARKET AREAAND ARE CONSIDERED TO BE THE BEST INDICATORS OF VALUE FOR THE SUBJECT. ADJUSTMENTS ARE MADE AS FOLLOWS: SQUARE FOOTAGE $30 00 PSF, BASEMENT SQUARE FOOTAGE @ $10.00 PSF, BASEMENT FINISH © 510.00 PSF, HALF BATHS @ 51,000. FULL BATHS 51.500. BEDROOMS @ $1,500. ALL COMPARABLE SALES ARE DEEMED TO BE IN SIMILAR CONDITION AS THE SUBJECT. COMPARABLE a1 IS LOCATED IN THE SUBJECTS IMMEDIATE SUBDIVISION OF HILLTOP ESTATES. IT IS A SIMILAR RANCH STYLE HOME WITH A 75% FINISHED, WALK -OUT BASEMENT. IT HAS SIMILAR VIEWS AS THE SUBJECT. COMPARABLE #1 IS LOCATED ON 2.49 ACRES. COMPARABLE #2 IS A SIMILAR SIZED RANCH STYLE HOME WITH A MOSTLY FINISHED WALK -OUT BASEMENT. IT IS LOCATED ON 2.52 ACRES AND HAS PANORAMIC MOUNTAIN VIEWS THAT ARE CONSIDERED COMPARM9 F TO THE SUBJECTS VIEWS. COMPARABLE #2 IS NOT LOCATED IN THE WATER VALLEY AREA. R IS LOCATED APPROXIMATELY 3 MILES NORTH OF WINDSOR IN THE ALEXANDER ESTATES SUBDIVISION ALEXANDER ESTATES IS VERY SIMILAR TO HILLTOP ESTATES. IT CONTAINS CUSTOM AND SEMI -CUSTOM HOMES LOCATED ON 2-3 ACRE PARCELS. IT IS LOCATED ON A HILL AND AFFORDS EXCELLENT MOUNTAIWCITY VIEWS COMPARABLE #3 IS LOCATED DOWN 91 VALLEY ON A.25 ACRE LAKE LOT. THE LAKE LOCATION HAS BEEN GIVEN $10,000 CONTRIBUTORY VALUE. IT HAS LAKE VIEWS BUT NO CITY OR MOUNTAIN VIEWS. COMPARABLE #3 HAS A 65% FINISHED BASEMENT. IT IS NOT A WALK -OUT BASEMENT. THE SUBJECTS WALK -OUT BASEMENT HAS BEEN GIVEN $5,000 CONTRIBUTORY VALUE DUE TO THE INCREASED FUNCTIONAL UTILITY FT PROVIDES THE BASEMENT WING AREA. THE SUBJECT AND ALL COMPARABLE SALES WERE FORECLOSURE OR PENDING FORECLOSURE PROPERTIES. I HAVE USED FORECLOSURE PROPERTIES TO VALUE THE SI an IFCT BECAUSE THAT IS THE MARKET IN WHICH IT COMPETES. THE SI ECT AND ALL COMPARABLE SALES WERE MARKETED FOR AN ADEQUATE AMOUNT OF TIME THE SUBJECT WAS ON THE MARKET FOR 502 DAYS BETWEEN DECEMBER 2006 AND APRIL 2007 AT PRICES RANGING FROM 5769,000 TO $559,000 PRIOR TO IFS FORECLOSURE. Form TAW— WnT0TAL• appraisal software by a la mode, inc.—1-800-AIAMODE ra y ,M r le 1c a s8 O N ul C Un W r1 O O C W O 0 r 0 0 N 7009 0080 0001 4858 2570 Hello