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Home My WebLink About20091742.tiffrt 6k; WIDc. COLORADO August 5, 2009 GRIMALDI ROBERTA S PO BOX 14 LONGMONT, CO 80502 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 #: R0212794 PARCEL #: 120722001022 - MEA HUC1-22 L22 BLK1 HUNTERS COVE SUB 261 HUNTERS COVE DR MEAD 0 Dear Petitioner: On July 29, 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 an adjustment of the value placed upon your above described property by the County Assessor. The assessment and valuation of the Weld County Assessor was adjusted as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR ACTUAL VALUE AS SET BY BOARD $401,993 $350,000 2009-1742 AS0073 GRIMALDI ROBERTA S - R0212794 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 OBOE 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 OBOE 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 2009-1742 AS0073 GRIMALDI ROBERTA S - R0212794 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 2009-1742 AS0073 Weld County CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR BRENDA DONES, DEPUTY ASSESSOR VALUATION REPORT OF RESIDENTIAL IMPROVED PROPERTY FOR County Board of Equalization GRIMALDI ROBERTA S PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 1207-22-0-01-022 Schedule Number: R0212794 Log Number: 236 Date: July 29, 2009 Time: 2:30 pm Board: CBOE PREPARED BY DUANE M. ROBSON Signature Date ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE RESIDENTIAL $401,993 Total: $401,993 2009-1742 GENERAL DESCRIPTION AND MARKET SUMMARY SUBJECT SITE AND IMPROVEMENTS This property is located at 261 HUNTERS COVE DR in the city of Mead. The legal description of the property is MEA HUC1-22 L22 BLK1 HUNTERS COVE SUB 261 HUNTERS COVE DR MEAD 0. Utilities available to the site are typical for the area. The residence is a Frame Hardboard house constructed in1996. It has 2415 square feet of finished living area. There are 3 bedrooms. The Assessor has classified the structure as a 2 Story home of Good quality, using Good quality materials. CBOE_RES_0 Pa 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 {39-1-104(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 $401,993 Total: $401,993 CBOE_RES_010898 Page 3 Comparable Number Comparable Number Comparable Number CBOE_RES_0101 Page 00 in a) o N a) o co inI CL cc I W 2 O n o Q O O 0 o O 4 m Q O O N O N V Q N a, ci w w it N co O o 0 ao 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O w w w N co w o 694940N w N w w a 0 w w w w O h NN a7 co O a M 49 N N a N w --- w W 9 N ft o m O m N-rN aN r NmnU1m m U r ppp l0 • 0 N N O 00 aOO a$ 0 0 0' m N o m ro N N M r I t N 0 a, w fa .9- - 49 LL O m o L V V E t a` a` v E v w m To < D co Co c Q v m � m o O (�z�� W 0 N CO s CO UI W o oO d Z ago M N ONI 2 EN Q N 0 0 N008in O O W WNocM .00000.:000000a00000000 cosi. w w wni-'t m w w w w w� w w w w w w w w M N w „ w w w To N N It Z a - U C M N N co M N co en Co o U a` ppp 0 0 pppTT N 0 M 0 F N r 0 0 O 0 O O A 0, o Uc N co O N: TT o 0 N O r r c+ w n m w LL 6` U0 U Et aa qT E O O To 0 m Q O O ° N m J N p u r/1 490 Z' • Q • O s � o o d CO Q a 0 0 N N aY1j Q o (2 r2-. N-0 U r( ,c2N 2'$$$a�88888,%8i8§88888 O Q < N o m ru�i 0 0 N co en (D O r To a". pT, � a t7 O 0 0 0 V CO o -a- O 8,1 O O 0 amu, CND en Of Yl r) 0 m r w N w w 0 O N O O N b v Z o O O O N N 2 !• .of co O N - 49 49 ra' N H 0 E m E m w m l z m c Oz ❑ a ',Tit 0 0 a0co 0 CO W 6 v to to Z 0 0 CO LL m r 0 < m O O 0 V LOtN0 OII� 00I 6 t0 0 A Nm O N r r 0 O) 0 F- N r 0 0 0 0 0 0 0 OM 'S O • LL V a�j 'q 'c c • O L E c L LE J 3 N E m LL m t ( 8 c rd m m❑ S) m$$ �' mCm 6 6 6 a> 3 -.2. u (J m m 0 o O 0 W W m m 0 m J Z U m m m m o❑ 0 0 0 0 J 0 a m CO • r 0 w t J 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 R0212794 2009 1361 MEA HUC1-22 L22 BLK1 HUNTERS COVE SUB 261 HUNTERS COVE DR MEAD 0 261 HUNTERS COVE DR , CO 0 PROPERTY OWNER 1 GRIMALDI ROBERTA S PO BOX 14 LONGMONT, CO 80502 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW RESIDENTIAL 417,177 401,993 TOTAL $417,177 $401,993 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. �-s ftl C C N C -O L C APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 91510th 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 1313 Sherman Street, Room 315 Denver, CO 80203 (303) 866-5880 www.dola.colorado.uov/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. District Court 9 Avenue and 9`h Street, P.O. Box C Greeley, Colorado 80632 Telephone (970) 356-4000 Ext. 4520 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.) $ 347,000.00 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.) PLEASE SEE ATTACHED * MAILED USPS PRIOROTY MAIL DELIVERY CONFIRMATION # 0305 0830 0004 4663 4499 * ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements co twined her int nd on any attachments hereto are true and complete. Ai L`cw�� , �,c',y„�C� C,� 1-800-906-0579 July 01, 2009 Signature Roberta S Grimaldi, Owner Telephone Number Date Signature Frank E Grimaldi, Owner(Agent**) ** SEE ATTACHED DEED DATED AND NOTARIZED AUGUST 24, 2005 'Attach letter of authorization signed by property owner. MAILING ADDRESS: P 0 BOX 14 LONGMONT CO 80502-0014 15-DPT-AR PR 207-08/08 NOD #.. 2597 "i,UUr4iY To: From: Roberta S. Grimaldi and << l; Eh/ ED Frank E. Grimaldi Date: July 1, 2009 Sent USPS Priority Mail. Delivery Confirmation No. 0305 0830 0004 4663 4499 Esther Gesick Clerk to the Board MI JUL -2 A II: 21 RE: Hearing Date for petition to the Board Account No. R0212794 Name: Grimaldi Address: 261 Hunters Cove Drive Mead, Colorado 80542 Please schedule our Hearing on a Monday, Wednesday or Friday. Thank you for your help. July 1, 2009 Weld County Board of Equalization 915 10th Street Post Office Box 758 Greeley, Colorado 80632 WELD r,,.,,“ COMM SS11:'-E; 5 A U: 21 Sent USPS Priority Mail. Delivery Confirmation No. 0305 0830 0004 4663 4499 RE: Account No. Name: Address: R0212794 Grimaldi 261 Hunters Cove Drive Mead, Colorado 80542 To the Weld County Board of Equalization: Et}c&ed please find our Petition to the County Board of Equalization. This includes an uftt4rded signed and notarized deed dated August 24, 2005 establishing Frank E. Grimaldi as-aii-nwner. It is. not required to record a deed for the deed to be legal. 'J F E. Qrimgli i should be listed as an owner in this petition. If by some remote chance tte BoardRhoose8 not to recognize the fact Frank E. Grimaldi is an owner of the above refer.oncttpropefty, a letter of authorization for Frank E. Grimaldi to act as an agent is enclosed. Sincerely, y .. U '1 iii -J l vl (— Roberta S. Grimaldi, Property Owner Enclosures Frank E. Grimaldi, Property Owner July 1, 2009 Weld County Board of Equalization 915 10th Street Post Office Box 758 Greeley, Colorado 80632 Sent USPS Priority Mail. Delivery Confirmation No. 0305 0830 0004 4663 4499 RE: Account No. R0212794 Name: Grimaldi Address: 261 Hunters Cove Drive Mead, Colorado 80542 To the Weld County Board of Equalization: While an unrecorded signed and notarized deed dated August 24, 2005 establishing Frank E. Grimaldi as an owner is enclosed. If the Board chooses not to recognize the fact that Frank E. Grimaldi is an owner of the above referenced property: This is Authorization for Frank E. Grimaldi to act as my agent in the Petition to the County Board of Equalization that is enclosed. Sincerely, Z j Roberta S. Grimaldi, Property Owner DOCUMENTATION OF OWNERSHIP 1 May 7, 2009 Christopher M. Woodruff Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631 Sent USPS Priority Mail. Delivery Confirmation No. 0308 1400 0000 7452 0925 RE; Pending Value Protest 261 Hunters Cove Drive, Mead 80542 Dear Mr. Woodruff: Enclosed please find a copy of a Deed dated and notarized August 24, 2005. This Deed has not been recorded and it is not our intention to record it at this point in time. As you are aware a deed is not required to be recorded in order to be legal. The Deed conveys title from: Roberta S. Grimaldi, grantor to Roberta S. Grimaldi and Frank E. Grimaldi husband and wife as joint tenants, grantee. The property address on the Deed is: 261 Hunters Cove Drive, Mead, CO 80542 — the property we have filed a Value Protest with your office. Please let the record reflect that it is both property owners that are protesting the current assessed value of $417,000.00. All documentation and notices should reflect the correct ownership and be addressed to: Roberta S. Grimaldi Frank E. Grimaldi Post Office Box 14 Longmont, CO 80502-0014 Thank you for your cooperation. Sincerely, Roberta S. Grimaldi, Property Owner Frank E. Grimaldi, Property Owner II QUIT CLAIM DEED THIS DEED, Made Nis , `y day of _ kb(1 ,' f , 2005 between ROBERTA S. GRIMALDI, grantor of the County of Weld and Sute of Colorado of the first part, and ROBERTA S. GRIMALDI and FRANK E. GRIMALDI, husband and wife as joint tenants, grantee whose legal address is 261 HUNTERS COVE DRIVE MEAD, CO 80542 of the County of Weld ** COPY ** NOT TO BE RECORDED and State of Colorado , of the second part'. WITNESSETII. That the said party of the first part. for and in consideration of the sum of TEN AND NO/ 100 DOLLARS, ($10 . 00 ), to the said party of the first pan in hand paid by the said parties of the second part, the receipt whereof is hereby confessed and acknowledged, has remised, released, sold, and QUIT CLAIMED. and by these presents does remise, release. sell, and QUIT CLAIM unto the said parties of the second part, not in tenancy in common but in joint tenancy, the survivor of them, their assigns and the heirs and assigns of such survivor forever. all the right, title, interest, claim and demand which site said party of the first part has or and to the following described lot(s) or parcel(s) of land, situate, lying and being in the County of Weld , and State of Colorado, to wit: Lot 22. Block 1, Hunter's Ridge and Hunter's Cove Subdivision County of Weld, State of Colorado TOGETHER WITH ANY/ALL MINERAL RIGHTS OWNED BY GRANTOR. also known by street and number as 261 HUNTERS COVE DRIVE, MEAD, CO, 80542 TO HAVE AND TO HOLD the same, together with all and singular the appurtenances and privileges thereunto belonging, or in anywise thereunto appertaining, and all the estate, right, title, interest, and claim whatsoever, of the said party of the first part, either in law or equity, unto said parties of the second part, the survivor of them, their assigns, and the heirs and assigns of such survivor forever. The singslar number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. IN WITNESS WHEREOF, the said party of the first part has hereunto set his hand and seal the day and year first above written. Signed, Sealed and Delivered in Use Presence of cOLC tet_V. L} Lk-nut-C-4'✓^t ROBERTA S. GRIMALDI STATE OP COLORADO as. f,Cl COUNTY OF ) �lt�r,. The foregoing instrument was acknowledged before me this \\LiOc. * f a Q My Commission expires: ti ill daynfv�L1()((j,ZLG` ens fiL4:hand aret ,hy Notary Tublic -stun e'Yva. USPS - Track & Confirm Page 1 of 1 UNITED STATES Rome Rep POSTAL SERVICE. Ewa, Track & Confirm Search Results Label/Receipt Number: 0308 1400 0000 7452 0925 Associated Label/Receipt: Detailed Results: • Delivered, May 08, 2009, 9:50 am, GREELEY, CO 80631 • Arrival at Unit, May 08, 2009, 7:37 am, GREELEY, CO 80631 • Acceptance, May 07, 2009, 4:10 pm, MEAD, CO 80542 Back Ass to jISPtcas Home Track & Confirm fags Track & Confirm Enter Label/Receipt Number. Notification Options Track & Confirm by email Get current event information or updates for your item sent to you or others by email. C. Site Map Contact Us Forms Gov't Services Jobs Privacy Policy Terms of Use National & Premier Accounts Copyright© 1999-2007 USPS. All Rights Reserved. No FEAR Act EEO Data FOIA • US. Postai ServIce"Dettery ' ltieett ut Postage aid Delivery Confirmation tees mud be paid balms meek* Pte' ale NEM aM eY/>•os0 • o CHRISTOPHER M. WOODRUFF Epp 0UNTY ASSESSOR ul 1400 N 17TH AVENUE t` GREELEY CO 80631 Pe Fora Ira. rrq 21)32 POSTAL CUSTOMER: Keep this receipt For Inquiries: Access intemet web site at w,w,uspacoms or call1222-1811 mom e now) ®prladty Mri servloe ORroCtoss IMF portal QtsxwpesenAonparcd pa swan Go, __clne. rnnflAlchllnlorl ahalf)etAil. do 05/08/2009 COMMENTS We believe the Weld County Assessors' office utilization of Automated Valuation Models (AVMs) is inherently flawed. Please see comments below taken from First American CoreLogic, Inc. While we have not submitted an appraisal per se we have submitted a market analysis using comparable sales similar to an appraisal. From: 2009 First American CoreLogic, Inc. Q: How is an "Estimated Home Value" calculated? A: We are the nation's leader in Automated Valuation Models (AVMs) and supply many of the top 100 lenders with estimated home valuations. AVMs are calculated using statistical models augmented with tax record data and information on regional market conditions (sales activity and pricing trends). Estimated valuations are based on data available at that time. They do not constitute an appraisal of the subject property and should not be relied upon in lieu of underwriting or an appraisal. property valuation - Yahoo! Mail Page 1 of 1 YXHOOI MAIL property valuation From: "Duane Robson" <drobson@coeld.co.us> To: Mr. and Mrs. Grimaldi, Wednesday, May 6, 2009 3:00 PM I received your protest and am in the process of making an adjustment on the property. I was able to find two sales in Hunter's Cove and also used a very comparable sale from Hunters Ridge. I believe a fair market value for your home should be around $400,000 or $166 per sq/ft. Please don't hesitate to contact me if you have any questions. duane IN Reiss Senior Property Appraiser Residential / Agriculture Division Weld County Assessor's Office (970) 353-3845 x 3689 drobson@co.weld.co.us I RA o..ei-ra 7cRcMiA=' R.firi=UVOI nc/n7/2009 From: Roberta Grimaldi, Owner Frank Grimaldi, Owner Date: May 20, 2009 RE: Value Protest 261 Hunters Cove Drive, Mead 80542 As you are aware, in normal appraisal practice the highest and the lowest sales are given little credence. We located what the Assessor's office identifies as another "Comparable Sale" in Hunters Cove. Apparently the address is 209 Adams. 209 Adams sold at $552,500.00 after being on and off the market from September 2002 to May 2007 — nearly five years. The Assessor's office is comparing a 4,045 finished SF house of superior design, appeal, quality, and amenities to raise our value to "around $400,000 or $166.00 per sq/ft". Please see the following pages for 209 Adams property description and days on market — MLS Property History. This house is listed by the Assessor at a total finished SF of 3,491 = $158.26 per sq/ft. And has G-3 and G-2 parking. The subject's finished SF is 2,522. We believe this is comparing apples to oranges. We do not believe 209 Adams is a valid comparable sale. 3798 Hummingbird Ct in Singletree Estates was not used: Sold 06/05/2007 at $325,000.00 in 69 days. The finished SF is listed at 3,732 by the Assessor. Sales Price = $87.08 per sq/ft. Singletree is much more comparable to Hunters Cove than Hunters Ridge. This is as much a comparable sale as 209 Adams. NOTE: In our opinion the sale price per square foot is not a valid value indicator for a single family residence. It does not take quality, location, design, appeal, view, and other amenities into consideration. We believe it is used for informational purposes not the valuation of a single family residence. It is only referenced because it was noted in an email from the Assessor's office dated May 6, 2009 (enclosed). Neither of the above sales was used in our estimate of Tax Value, but we reserve the right to do so at a later date. • No increase in value is warranted. Thank you for your cooperation. FOR INFORMATIONAL PURPOSES ONLY 209 ADAMS, MEAD CO 80542 (HUNTERS COVE) RealGO.MLS (Search/ShowDetailsMain)- www.iresis.com Page 1 of 1 Elementary: Mead Middle/Jr.: Mead High School: Skyline School District:ST VRAIN DIST RE 1J Lot Size:87120 Elec: United Gas: Xcel PIN: R0114593 Waterfront: No Water Rights: No HOA: Approx Acreage: 2 Water: Little Thompson Taxes/Yr: $2,313/2006 Zoning: Res Water Meter Inst: Yes Well Permit if: Bedrooms: 5 Baths: 4 Rough Ins: 0 Bullhs gat LO r Main /Mgr Total 3/4 0 1 0 0 0 1 1/2 0 0 1 0 0 1 All Bedrooms Conform: Yes Rooms Level Length Width Floor Master Bd Main 16 16 Carpet Bedroom 2 Upr 13 12 Carpet Bedroom 3 Upr 12 10 Carpet Bedroom 4 Bsmt 14 13 Carpet Bedroom 5 Bsmt 15 13 Carpet Dining room Main 15 12 Carpet Family room Bsmt 25 19 Carpet Great room Main 21 20 Carpet Kitchen Main 16 14 Wood Laundry Main 9 7 Vinyl Living room - - - - Rec room Bsmt 13 12 Carpet Study/Office Main 12 11 Carpet IRES MLS#: 500661 PRICE: $560,000 ADDR: 209 ADAMS Ave, Mead, 80542 RESIDENTIAL -DETACHED Locale: Mead Area/SubArea: 10/30 Subdivision: HUNTERS COVE Legal: Lot 5, Block 1 Total SgFt All Lvls Total Finished Set Finished SqFtw/o Bsmt: Upper Level SqFT: # Garage Spaces: Garage SqFt: YearBuilt: 1994 New Const: No Builder: New Const Notes: SOLD County: Weld Map Book: O-153-KA-57 4045 Basement SaFt: 1674 4045] Lower Level SgFT: 0 2482 Main Level SgFt: 697 Addl Upper Lvl: 5 Garage Type: 1176 SqFt Source: Assessor Records Est. Comp.: Model: 1674 0 Attached MLS Comments: Peaceful, Country Setting! 1 owner Custom 2 stry w/att 3 & det. 2 car gar. Adams Ave sched to be paved in 07. Main flr study, laun, din.rm. lg. greatrm, master w/lux. 5 pc bath & welkin clset. Sunrm not in sqft. 2 bedrms up (1 w/extra lg. closet) & full bath. Cherry cabntry. Bsmt fin. w/workout rm, theatre (fam.) rrn w/bltin entrtnmnt cntr, 2 bedrms, storage & 3/4 bath. Trex deck w/grill. Fully fenced & sprinkled lot. Prof lndscping. School bus has made priv. stop right @ drive -last on/1st off. Sold Date: 05/17/2007 Sold Price: $552.500 Terms: CONY FIX ** DOM: 263 DTO: 263 OTS: 309 ** D.Pymt.Assist? N **MIT ACCURATE. SEE ATTACHED Concession Type: None ICS LISTING HISTORY 1002-0/ SA: Paula Fuller sus -41a-1415 SO: RE/MAX Alliance-Longmont303-651-3939 Property Features Land Size • 1-5 Acres, Style - 2 Story, Construction - Wood/Frame, Brick/Brick Veneer, Roof - Composition Roof, Type - Contemporary/Modern, Outdoor Features - Lawn Sprinkler System, Storage Buildings, Patio, Deck, >8' Garage Door, Oversized Garage, Location Description • Wooded Lot, Evergreen Trees, Deciduous Trees, Level Lot, Outbuildings, House/Lot Faces N, Fences - Enclosed Fenced Area, Wood Fence, Views - Back Range/Snow Capped, Foothills View, Road Surface At Property Line - Gravel Road, BasemenUFoundation - Full Basement, 90%t Finished Basement, Flood Plain - Minimal Risk, Heating - Forced Air, Cooling - Central Air Conditioning, Inclusions - Window Coverings, Electric Range/Oven, Self -Cleaning Oven, Dishwasher, Refrigerator, Microwave, Gas Bar -B -Q, Garage Door Opener, Satellite Dish, Energy Features - Southern Exposure, Double Pane Windows, Design Features - Separate Dining Room, CathedralNaulted Ceilings, Open Floor Plan, Bay Or Bow Window, Stain/Natural Trim, Walk -In Closet, Washer/Dryer Hookups, Wood Floors, Master Bedroom Bath - Full Master Bath, Tub+Shower Master, Luxury Features Master Bath, 5 Piece Master Bath, Fireplace - Gas Fireplace, Gas Logs Included, Great Room Fireplace, Disabled Accessibility - Level Lot, Level Drive, Main Floor Bath, Main Level Bedroom, Stall Shower, Main Level Laundry, Utilities - Natural Gas, Electric, Water/Sewer - City Water, Septic, Ownership - Private Owner, Occupied By - Owner Occupied, Possession - Delivery Of Deed, Property Disclosures - Seller's Property Disclosure, Possible Usage - Single Family, New Financing - Cash, Conventional, RedIVV.IVILJ iOear UIl/riOper tynietury I dO)- WWW.IFUSIS.UOrn rage I OI L Property at Address: 209 Adams Ave, Mead CO IRES MLS Number: 351248 Cat: Residential -Detached Address: 209 Adams Code Mod Date Eff Date (NEW K09/17/2002' 09/11/2002 EXP 03/12/2003 03/11/2003 IRES MLS Number: 369151 Old Status New Status Active Expired Cat: Residential -Detached Old Price New Price Days 699000 0 _.... .....181 _.................... DOM 182 CDOM 182 Address: 209 Adams Code Mod Date Eff Date NEW 03/31/2003 03/31/2003 EXP 12/01/2003 11/30/2003 STATUS 12/04/2003 12/04/2003 EXP 04/01/2004 03/31/2004 STATUS 04/14/2004 04/14/2004 EXP 08/01/2004 07/31/2004 IRES MLS Number: 473404 Old Status New Status Active Expired Active Expired Active Expired Active Expired Active Expired Cat: Residential -Detached Old Price New Price Days 649000 0 _.._... 244 .... 248 _.... _..._ .....366 _.. _............ 380 488 _.... _.DOM 489 CDOM 690 Address: 209 Adams Code Mod Date Eff Date NEW 11/30/2005 11/30/2005 r STATUS 04/25/2006 04/25/2006 STATUS Old Status New Status Active Active Active/First Right 06/02/2006 06/02/2006 Active/First Right STATUS 07/13/2006 07/13/2006 Active Active Withdrawn ReaIGO.MLS (Search/PropertyHistoryTab)- www.iresis.com IRES MLS Number: 500661 Cat: Residential -Detached Old Price New Price Days DOM CDOM 579000 0 146 _. _.. 184 225 226 226 Page 2 of 2 Address: 209 ADAMS Code Mod Date Eff Date NEW PRICE STATUS STATUS V:SOLD 07/15/2006 07/13/2006 07/15/2006 07/15/2006 04/02/2007 04/02/2007 04/19/2007 05/16/2007 Old Status New Status Active 04/19/2007 Active/Backup .05/17/2007 . Pending Active Active/Backup Pending Sold Old Price New Price Days 550000 0 550000 560000 2 263 ....... 280 560000 552500 DOM CDOM 308 263 488 htto://www. iresis.com/MLS/Search/index. cfm?Action=PropertyHistoryTab&Reco... 05/07/2009 Assessor aies uata vvinoow rayC VI I Improved Property Sales Search Property Location Parcel Number: 120722001005 (Map) Account Number: R0114593 Section: 22 Township: 03 Range: 68 Address: 209 ADAMS AV , 80542, MEAD Description: HUNTERS COVE Sale Details Reception Number: 3478139 Sale Date: 17 -May -07 Sale Price: $552,500.00 Grantor: SPARKS LUNDY L & PAMELA M Grantee: RICHERS KELLI & Property Characteristics Year Built: 1994 Property Type: Residential Land Type: Residential Acres: 2 Land SQ. FT.: 87329 Number of Buildings: 1 Primary Occupancy: Single Family Residential Built As: 2 Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 8 Number of Bedrooms: 3 Number of Baths: 3 Total SQ. FT.: 2371 Residential SQ. FT.: 2371 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 112oMezzanine SQ. FT.: 0 Garage SQ.FT.: 696 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 746 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window httD://www.co.weld.co. us/departments/assessor/sales_data_detail. cfm?REC EP... 05/07/2009 r a • 1 serme� .1 a.tin .-.ir isi PI � �.- ----ei. 4 i� w:Tr -4,...--, ./7-� "S� � 1 iii., —a FOR INFORMATIONAL PURPOSES ONLY 3798 HUMMINGBIRD, MEAD CO 80542 (SINGLETREE ESTATES) Assessor Sales Data Window Page 1 of 1 Improved Property Sales Search Property Location Parcel Number: 120715401025 (Map) Account Number: R7339598 Section: 15 Township: 03 Range: 68 Address: 3798 HUMMINGBIRD CT , 80542, MEAD Description: SINGLETREE EST Sale Details Reception Number: 3482009 Sale Date: 05 -Jun -07 Sale Price: $325,000.00 Grantor: ARROWHEAD HOME SERVICES LLC Grantee: DOYLE CLAIRE M & Property Characteristics Year Built: 1998 Property Type: Residential Land Type: Residential Acres: 1.91 Land SQ. FT.: 83199.6016 Number of Buildings: 1 Primary Occupancy: Single Family Residential Built As: Ranch 1 Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 6 Number of Bedrooms: 3 Number of Baths: 3 Total SQ. FT.: 1847 Residential SQ. FT.: 1847 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 1885Mezzanine SQ. FT.: o Garage SQ.FT.: 462 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 349 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co. us/departments/assessor/sales_data_detail.cfm?RECEP... 05/11/2009 TAX VALUE ANALYSIS SUBJECT PROPERTY 261 HUNTERS COVE DR, MEAD CO 80542 Identify Results Page 1 of 2 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R0212794 Tax Area: 1307 Bordering County: Acres: 2,15 Township Range Section Ouart. Sec. 03-68-22-0 Owners Name & Address; GRIMALDI ROBERTA S PO BOX 14 LONGMONT, CO 80502 Business/Complex: Sale Date 7/10/2002 Sale Price $387,000 Parcel#: 120722001022 Subdivison Name Block# Lot# HUNTERS COVE - 1 - 22 property Address: Street: 261 HUNTERS COVE DR MEAD City: MEAD Sales Summary Deed Tyoe WD Legal Description Reception # 2970423 MEA HUC1-22 L22 BLK1 HUNTERS COVE SUB 261 HUNTERS COVE DR MEAD 0 Land Type Residential Land Subtotal: Bldg# 1 Abst Code 1112 Property Type Residential Improvements Subtotal: Total Property Value Account#: R0212794 Owners Name & Address: GRIMALDI ROBERTA S PO BOX 14 LONGMONT, CO 80502 Building* 1 Built As: Exterior: Interior Finish: land Valuation Summary Unit of Number of Measure Units Site Buildinas Valuation Summary Building Details Actual Value Assessed Value $100,000 $7,960 Actual Value $317,177 $417,177 Property Address: Street: 261 HUNTERS COVE DR MEAD City: MEAD Property Type Residential Individual Built As Detail 2 Story Year Built: Frame Hardboard HVAC: Drywall Built As SQ Ft: Assessed Value $25,250 $33,210 Parcel#: 120722001022 1996 Central Air to Air 2415 kttnJlmone9 marrirk rnmNVahcita/WpIri/sptSnl.asp?cmd=QUERY&DET=PP&Di... 05/04/2009 Identify Results Page 2 of 2 # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: 3 3 2 8 Roof Type: Roof Cover: Units: Composition Shingle 0 796 Detached SQ Ft: 0 1190 Finished SQ Ft 107 http://maps2. merrick.com/Website/Weld/setSq I.asp?cmd=QUERY&DET=PP&pi... 05/04/2009 COMPARABLE NUMBER 1 201 ADAMS, MEAD CO 80542 (HUNTERS COVE) THIS IS FOR PROPERTY TAX USE ONLY. Address: Sale Price Date Subdivision/ Location View Quality Rooms Size Garage Finished Basement Property in Question 261 Hunters Cove Dr. N/A N/A HUNTERS COVE Collector Rd/Corner (2 lanes paved Adams Ave to County Road 7) 1-25 traffic noise Partial Mountain 2 Sty/Average/Siding 8-3BR-3BA 2,415 G-3 car 107 sf Comparable Sale 1 201 Adams Ave. $385,000 * 12/03/2007 HUNTERS COVE Collector Rd/Corner (2 lanes paved from 1-25 to CR 7 - No ingress -egress to 1-25) 1-25 traffic noise Partial Mountain 2 Sty/Average/Siding 9-4BR-3BA -10,000 2,435 G-3 car + G-2 car -20,000 (No Permit) 1180 sf "" - 8,000 This is the best sale in Hunters Cove from 01/01/2007 - 06/30/2008. It is of the same quality, design, size (finished above grade) and was built by the same builder as the subject. (See below). We believe it is the most meaningful sale available for Tax Value. Total adjustments: 10%. This sale required the least amount of total adjustments. Indicated Tax Value: $347,000.00 Comments: We suppose the sales that resulted in significantly a higher value came from the subdivisions of known as Hunters Ridge Estates, Mulligan Lake Estates, and/or Edens Reserve. These subdivisions are of superior location, quality, design and appeal. Utilizing sales in these subdivisions would require significant total adjustments rendering any indicated value highly nebulous. Sales from Hunters Ridge were used since the Assessor's office stated in an email dated May 6, 2008 (enclosed) that data from Hunters Ridge Estates was used to value our property. • Current Assessed Value: $358,927. Data taken from MLS. No finished basement SF listed by Assessor's office. Presumption is made any basement improvements were done without a permit and nominal value was given — adjusted at a (-)$7.50 / SF instead of (-)$30.00 / SF. ReaIGO.MLS (Search/ShowDetaifsMain)- www.iresis.com Page 1 of 1 Elementary: Mead Middle/Jr.: Mead High School: Sky ine School District:ST VRAIN DIST RE 1J Lot Size: Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: Approx Acreage: 2 Water: City TaxestYr: 51,728/2005 Zoning: RES Water Meter Inst: Yes Well Permit *: Bedrooms: 4 Baths: 3 Rough Ins: Pal's -0-- 314 0 0 0 0 1/2 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 cloning room Family room Great room Kitchen Laundry Living room Rec room Study/Office 1 Tstal ti Level Length Width Floor Upr 16 15 Carpet Uor 12 12 Carpet Upr 12 10 Carpet Upr 14 11 Carpet Main 14 11 Carpet Main 18 17 Carpet Main 14 10 Wood Upr Vinyl Main 15 12 Carpet Bsmt • Carpet Lwr Carpet IRES MLSit: 545245 PRICE: $388.000 ADDR: 201 Adams Ave, Mead, 80542 RESIDENTIAL -DETACHED SOLD Locale: Mead County: Weld Area/SubArea: 10/30 Map Book: O - 706 - C Subdivision: Hunters Cove Legal: Mea Hucl-1 Lt1 Bk1 Total SqFt All Lvls Total Finished S. Ft: mis e• q wo :sm Upper Level SgFT: M Garage Spaces: Garage SqFt: YearBuilt: 1994 New Const: No Builder: New Const Notes: 3615 Basement SqFt: 1180 3615 Lower Level S. FT. 0 4 ' am eve q t: 1220 0 Addt Upper Lvl: 0 3 Garage Type: Attached SqFt Source: Other Est. Comp.: Model: CoListing Agent: Michele Brashers (970)613-8088 CoListing Office: 1st CHOICE, Realtors (970)669-9696 MLS Comments: Great opprotunity for an acreage property with so much to offer. No HOA and additional 2 car detached garage WOW' This is a deal so come take a look at what the opportunities are here for you and make that offer today' Use the instructions on extras tab and the bank addendums come as a counter t 2107/200 7 Terms: CONV FIX D.Pymt.Assist7 N Concession Type: None Sold Price:.3.365 O00 _ DOM: 101 DTO: 91 DTS 76i 1 Property Features Land Size - 1.5 Acres, Style - 2 Story. Construction - W000iFran;a. Root Composition Roof. Type - Contemporary/Modern, Outdoor Features - RV/Boat Parking, >8' Garage Door. Location Description - Evergreen Trees, Deciduous Trees. Native Grass, Level Lot, Horse Property - ttorse(S) Allowed. Fences - Enclosed Fenced Area, Wood Fence, Wre Fence, Dog Run/Kennel. Lot Improvements - Street Light. Fire Hydrant Within 500 Feet Road Access - County Road/County Maintained, Road Surface At Property Line - Dirt Road, Blacktop Road, Basement/Foundation - 75%+Finished Basement, Flood Plain - Minimal Risk, Heating - Forced Air. Humidifier. Cooling - Central Air Conditioning, Inclusions - No Inclusions Energy Features • Double Pane Windows, Storm Doors, Design Features - Eat In Kitchen CathedralNautted Ceilings, Open Floor Plan, Workshop, Wood Windows, Stain/Natural Trim, Walk -In Closet. Washer/Dryer Hookups. Skylights, Wood Floors, Master Bedroom Bath - 5 Piece Master Bath, Fireplace - Re -Circulating Fireplace, Gas Fireplace, Gas Logs Included. Utilities - Natural Gas, Electric, Cable TV Available Satellite Avail. Water/Sewer - City Water Septic, Ownership • Lender Owner;REO Occupied By - Vacant Not For Rent. Possession - Delivery Of Deed. Property Disclosures - No Property Disclosure, Possible Usage • S rgte Fam ly. New Financing - cash Conventional. Assessor bales data vvIrfuow Improved Property Sales Search Property Location Parcel Number: 120722001001 (Map) Account Number: R0113593 Section: 22 Township: 03 Range: 68 Address: 201 ADAMS AV , 805420000, MEAD Description: HUNTERS COVE Sale Details Reception Number: 3523095 Sale Date: 03 -Dec -07 Sale Price: $385,000.00 Grantor: JPMORGAN CHASE BANK Grantee: EVANS DAVID P & Property Characteristics Year Built: 1994 Property Type: Residential Land Type: Residential Acres: 2 Land SQ. FT.: 87286 Number of Buildings: 1 Primary Occupancy: Single Family Residential Built As: 2 Story Exterior: Frame Hardboard HVAC: Forced Air Number of Rooms: 9 Number of Bedrooms: 4 Number of Baths: 3 Total SQ. FT.: 2435 Residential SQ. FT.: 2435 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 1047 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 0 Balcony SQ.FT.: 419 Out Building SQ. FT.: 0 Close Window http://www.co.weld.co. us/departments/assessor/sales_data_detail.cfm?REC EP... 05/11/2009 COMPARABLE NUMBER 2 (PICTURE 1 OF 2) 365 HUNTERS RIDGE, MEAD CO 80542 (HUNTERS RIDGE ESTATES) COMPARABLE NUMBER 2 (PICTURE 2 OF 2 - VIEW) 365 HUNTERS RIDGE, MEAD CO 80542 (HUNTERS RIDGE ESTATES) THIS IS FOR PROPERTY TAX USE ONLY. Address: Sale Price Date Subdivision/ Location View Quality Rooms Size Garage Finished Basement Property in Question 261 Hunters Cove Dr. N/A N/A HUNTERS COVE Collector Rd/Corner (2 lanes paved Adams Ave to County Road 7) 1-25 traffic noise Partial mountain 2 Sty/Average/Siding 8-3BR-3BA 2,415 G-3 car 107 sf Comparable Sale 2 365 Hunters Ridge Dr. $420,000 03/08/2007 HUNTERS RIDGE ESTATES Cul-de-sac (Little traffic No I-25 Traffic Noise) -30,000 (net) Backs open space/ Unobstructed view 2 Sty/Average/Siding 8-48R-3BA 2,335 G-3 car + G-2 car Unfinished -15,000 -10,000 + 4,000 -20,000 + 3,000 This sale is from Hunters Ridge Estates — a superior subdivision west of County Road 7. This sale was used since the Assessor's office indicated in an email dated May 6, 2009 the Assessor's office used a sale from Hunters Ridge Estates. Above grade size adjustment : $50.00 / SF. Finished basement at $30.00 / SF. The location adjustment appears conservative when the assessed value of this Hunters Ridge Estates property is compared to the assessed value of Comparable No. 1 — an $84,000.00 difference. Apparently no consideration was given to Location, Traffic Noise and/or View if this property was used by the Assessor's office to estimate the Tax Value of the subject. Total adjustments: 20% INDICATED TAX VALUE: $352,000. CURRENT ASSESSED VALUE: $442,930. ReaIGO.MLS (Search/ShowDetailsMain)- www.iresis.com Page 1 of 1 • Elementary: MEAD Middle/Jr.: MEAD High School: SKYLINE School District:ST VRAIN DIST RE 1J Lot Size: Elec: United Gas: PSC PIN: 0029291 Waterfront: No Water Rights: No HOA: Approx Acreage: 1.9 Water: Little Thompson Taxes/Yr: $2,229/2003 Zoning: Res Water Meter Inst: Yes Well Permit tl: Bedrooms: 4 Baths: 3 Rough Ins: 1 hs Bsmt L0 r Main � Mgi Addl Full ID? 0 3/4 0 0 0 0 0 0 1/2 0 0 1 0 0 1 All Bedrooms Conform: Yes Rooms Levei Length Width Floor Master Bd Upr 16 15 Carpet Bedroom 2 Upr 11 10 Carpet Bedroom 3 Upr 12 11 Carpet Bedroom 4 Upr 10 12 Carpet Bedroom 5 - - - - Dining room Main 11 15 Carpet Family room Main 17 16 Carpet Great room - - - - Kitchen Main 19 20 Wood Laundry Upr 5 9 Vinyl Living room Main 15 11 Carpet Rec room - - Study/Ofce IRES MLS#: 424803 ** ADDR: 365 Hunters Ridge DR, Mead, 80542 RESIDENTIAL -DETACHED SOLD Locale: Mead County: Weld Area/SubArea: 10/30 Map Book: N - 261 - 2-58 Subdivision: Hunters Ridge Legal: MEA HURL -15 L15 BLK1 HUNTERS RIDGE Total SqFt All Lvls Total Finished SqFt: Finished SqFt w/o Bsmt: Upper Level SqFT: ',Garage Spaces: arage q YearBuilt: 1993 New Const: No Builder: New Const Notes: 3468 Basement SqFt: 2335 Lower Level SqFT: 2335 Main Level Sgft: 1133 Addl Upper Lvl: 5 Garage Type: 8 SqFt Source: Assessor Records Est. Comp.: Model: 1133 0 1202 0 Attached MLS Comments: Spread out in this well -cared for home on nearly 2 acres - wood floors in spacious, eat -in kitchen; separate dining & living rm for entertaining, big family rm. Fall in love with the convenience of having the laundry rm up where the bdrms are. Gas frpic, bay window, and a view that itk takes your breath awayt Great location in S Mead, 10 min to Longmont. Attchd 3 -car garage, separate 2 -car workshop w/ 220, abuts open space. Buyer to verity sq It, Exc: remgerator in garage Terms: CONV FIX D.Pymt.Assist7 N Concession Type: None 5A: Jennifer Stults 303-601-8744 SO: RE/MAX Traditions, Inc303-772-3800 ** DOM: 215 DTO: 174 DTS: 215 Property Features Land Size - 1-5 Acres, Style - 2 Story, Construction - Wood/Frame, Wood Siding, Root - Composition Roof, Type - Contemporary/Modern. Outdoor Features - Deck, Horse Property - Horse(S) Allowed, Views - Back Range/Snow Capped, Foothills View, Plains View, City View, Road Access - Private Road, Up To County Standards. Road Surface At Property Line - Blacktop Road, Basement/Foundation - Full Basement, Unfinished Basement, Flood Plain - Minimal Risk, Heating - Forced Air, Cooling - Central Air Conditioning, Inclusions - Wndow Coverings, Electric Range/Oven, Self -Cleaning Oven, Refrigerator, Clothes Washer, Clothes Dryer, Design Features - Eat -In Kitchen, Separate Dining Room, Open Floor Plan, Workshop, Wood Windows, Bay Or Bow Window, Stain/Natural Trim, Washer/Dryer Hookups, Wood Floors, Master Bedroom Bath - Full Master Bath, 5 Piece Master Bath, Fireplace - Gas Fireplace, Utilities - Natural Gas, Electric, Water/Sewer - District Water, Septic, Ownership - Private Owner, Occupied By - Owner Occupied, Possession - 1-3 Days After Closing, Property Disclosures - Seller's Property Disclosure, Possible Usage - Single Family, New Financing - Cash Conventional, FHA, VA, ** THE CURRENT SALE COULD NOT BE LOCATED IN THE MLS. THIS IS FROM A PREVIOUS SALE AND SUBMITTED AS A DETAILED DESCRIPTION OF COMPARABLE 2. Assessor Sales Data Window Page 1 of 1 Improved Property Sales Search Property Location Parcel Number: 120721001015 (Map) Account Number: R0029291 Section: 21 Township: 03 Range: 68 Address: 365 HUNTERS RIDGE DR , MEAD Description: HUNTERS RIDGE Sale Details Reception Number: 3496554 Sale Date: 03 -Aug -07 Sale Price: $420,000.00 Grantor: PATTERSON SHANE & Grantee: ROWAN RICHARD CHARLES & Property Characteristics Year Built: 1993 Property Type: Residential Land Type: Residential Acres: 1.9111 Land SQ. FT.: 83248 Number of Buildings: 1 Primary Occupancy: Single Family Residential Built As: 2 Story Exterior: Frame Siding HVAC: Central Air to Air Number of Rooms: 8 Number of Bedrooms: 4 Number of Baths: 3 Total SQ. FT.: 2335 Residential SQ. FT.: 2335 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 1128 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 297 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window htto://www.co.weld.co.usidepartments/assessor/sales_data_detail.cfm?R EC EP... 05/11/2009 i COMPARABLE NUMBER 3 364 HUNTERS RIDGE, MEAD CO 80542 (HUNTERS RIDGE ESTATES) 1 THIS IS FOR PROPERTY TAX USE ONLY. Address: Sale Price Date Subdivision/ Location View Quality Rooms Size Garage Finished Basement Property in Question 261 Hunters Cove Dr. N/A N/A HUNTERS COVE Collector Rd/Corner (2 lanes paved Adams Ave to County Road 7) 1-25 traffic noise Partial mountain 2 Sty/Average/Siding 8-3BR-3BA 2,415 Comparable Sale 3 364 Hunters Ridge Dr. $416,000 * 01/15/2007 HUNTERS RIDGE ESTATES Cul-de-sac (Little traffic No 1-25 Traffic Noise) -30,000 (net) Partial Mountain 1 Sty/Good/Brick -15,000 7-4BR-4BA -15,000 2,033 +19,000 G-3 car G-3 car 107 sf 825 sf -22,000 INDICATED TAX VALUE: $353,000 NOTE: Per the owner. The Barn "outbuilding" referred to on the current Assessor Property Profile was built after this sale. The probable market value of the barn if sold today is estimated at $10,000. It was given zero value for the purposes of the Tax analysis since it did not exist on the date of sale. This sale is from Hunters Ridge Estates — a superior subdivision west of County Road 7. This sale was used since the Assessor's office indicated in an email dated May 6, 2009 (enclosed) the Assessor's office used a sale from Hunters Ridge Estates. Above grade size adjustment : $50.00 / SF. Finished basement, with permit, at $30.00 / SF. The location adjustment appears conservative when the assessed value of this Hunters Ridge Estates property is compared to the assessed value of Comparable No. 1 — an $88,000.00 difference. When the estimated market value of the Barn noted above is considered it remains a $78,000. difference. Apparently no consideration was given to Location and/or Traffic Noise if this property was used by the Assessor's office to estimate the Tax Value of the subject. (Total adjustments: 24%) CURRENT ASSESSED VALUE: $446,912. Assessor Sales Data Window Page 1 of 1 Improved Property Sales Search Property Location Parcel Number: 120721001010 (Mao) Account Number: R0028791 Section: 21 Township: 03 Range: 68 Address: 364 HUNTERS RIDGE DR , 80504, MEAD Description: HUNTERS RIDGE Sale Details Reception Number: 3448933 Sale Date: 15 -Jan -07 Sale Price: $416,000.00 Grantor: EDWARDS JOHN & Grantee: PEPER DANIEL J & Property Characteristics Year Built: 1992 Property Type: Residential Land Type: Residential Acres: 1.9504 Land SQ. FT.: 84959 Number of Buildings: 1 Primary Occupancy: Single Family Residential Built As: Ranch 1 Story Exterior: Frame Masonry Veneer HVAC: Forced Air Number of Rooms: 7 Number of Bedrooms: 4 Number of Baths: 4 Total SQ. FT.: 2033 Residential SQ. FT.: 2033 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 825 Mezzanine SQ. FT.: 0 Garage SQ.FT.: 759 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ. FT.: 90 Balcony SQ.FT.: 0 Out Building SQ. FT.: 0 Close Window htto://www.co.weld.co. us/departments/assessor/sales_data_detail.cfm?RECEP... 05/11/2009 JUL-17-2009 11:18 From: To:9703520242 P.1/2 TO: Clerk to the Board ATTN: Esther Gesick DATE: July 17, 2009 (PAGE 1 of 2) TO: Christopher M. Woodruff Weld County Assessor Date: July 17, 2009 Sent by facsimile to: (970) 304-6433 RE: Property Tax Appeal 261 Hunters Cove Drive, Mead CO 80542 Parcel No. 120722001022 Account No. R0212794 (Page 1 of 1) This is a request for the data itemized below used in the Assessor's Office valuation of our property located at 261 Hunters Cove Drive, Mead CO 80542 as referenced above. We have received our Tax Appeal Hearing date from the Clerk to the Board. The date and time is July 29, 2009 at 2:30 PM. Time is of the essence regarding this request. We do not require the entire file. We require the following data only: 1. A copy of the appraisal used supporting the Assessor's Office property valuation, including comparable sales, adjustments, and comments. 2. If no complete appraisal exists, a list of comparable sales used, including adjustments and comments, supporting the Assessor's Office property valuation. 3. The name of the appraiser who did the Assessor's Office property valuation. Please respond with the cost as soon as possible to Frank Grimaldi. Email: colorado702@yahoo.com Cell phone: (303) 775-5262 iega-tA,tioLtnicQ4L /4:4. -de -C" Robert�maldi, Owner Frank E. Grimaldi, Owner (Agent, if necessary) cc: coodruff@co.weld.co.us (DataRequest.pdf attachment) lerk to the Board by facsimile (970) 352-0242 JUL-17-2009 11:18 From: To:9703520242 P.2'E TO: Clerk to the Board ATTN: Esther Gesick DATE: July 17, 2009 (PAGE 2 of 2) i'Ssage Confinmtion Report JUL-17-2009 1 58 AM FRI Fax Number Name Name/Number 3046433 Page 1 start Tilts JUL-17-2009 10:58AM FRI Elapsed Time 00'12" Mode Fine ECM Results [O. KJ TO: Christopher M. Woodruff (Page 1 of 1) Weld County Assessor Date: July 17, 2009 Sent by facsimile to: (970) 304-6433 RE: Property Tax Appeal 261 Hunters Cove Drive, Mead CO 80542 Parcel No. 120722001022 Account No. R0212794 This is a request for the data itemized below used In the Assessor's Office valuation of our property located at 261 Hunters Cove Drive. Mead CO 80542 as referenced above. We have received our Tax Appeal Hearing date from the Clerk to the Board. The date and time is July 29, 2009 at 2:30 PM. Time Is of the essence regarding this request. We do not require the entire file. We require the fofowino data onN: 1 A copy of the appraisal used supporting the Assessor's Office property valuation, including comparable sales, adjustments, and comments. 2. If no complete appraisal exists, a list of comparable sales used, including adjustments and comments, supporting the Assessors Office property valuation. 3. The name of the appraiser who did the Assessors Office property valuation. Please respond with the cost as soon as possible to Frank Grimaldi. Email: colorado702@yahoo.can Cal ohone: (303) 775-5262 Skit U7%/(C.6,E) 44`,"9 -d -}As-/- G / ' Roberta S. Grimaldi, Owner Frank E. Grimaldi, Owner (Agent, if necessary) cc: ccwoodrufIIco.weld.co. us (DataRequest.pdf attachment) f/Clerk to the Board by facsimile (970) 352-0242 Wine COLORADO July 14, 2009 GRIMALDI ROBERTA S PO BOX 14 LONGMONT, CO 80502 Dear Petitioner(s): 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.: 120722001022 Account No.: R0212794 The Weld County Board of Equalization has set a date of July 29, 2009, at or about the hour of 2:30 PM, 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. GRIMALDI ROBERTA S - R0212794 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