HomeMy WebLinkAbout20072384.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO- STIPULATE
PETITION OF:
MAKINGS LESLIE F JR
4943 WELD CO RD 32
LONGMONT, CO 80501
DESCRIPTION OF PROPERTY: ACCOUNT #: R4749686 PARCEL #: 120714000071 -
25534-I PT SE4SE4 14 3 68 BEG W316.25' OF SE COR SEC W483.75' N735' E483.75'S735'
TO BEG (.33R) %4943 WCR 32% SITUS: 4943 32 CR WELD 00000
WHEREAS,the Board of County Commissioners of Weld County, Colorado, convened as
the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the
assessment and valuation of real and personal property within Weld County,fixed and made by the
County Assessor for the year 2007, and
WHEREAS, said petition has been heard before the County Assessor and due Notice of
Determination thereon has been given to the taxpayer(s), and
WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's
valuation for the year2007,claiming that the property described in such petition was assessed too
high, as more specifically stated in said petition, and
WHEREAS,in lieu of the hearing scheduled before the Board of Equalization a Stipulation
was agreed upon by the Assessor and said petitioner(s), and
WHEREAS,the petitioner(s)and the Weld County Assessor agree that the assessment and
valuation of the Weld County Assessor shall be, and hereby is, stipulated as follows:
ACTUAL VALUE
AS DETERMINED ACTUAL VALUE
BY ASSESSOR AS STIPULATED
Land $ 230,100 $ 230,100
Improvements OR
Personal Property 114,900 84,900
TOTAL $ 345,000 $ 315,000
WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld
County Board of Equalization.
2007-2384
AS0067
RE: BOE - MAKINGS LESLIE F JR, R4749686
Page 2
NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County
Assessor and the above-named petitioner(s) be, and hereby is, accepted by the Board.
The above and foregoing Resolution was,on motion duly made and seconded,adopted by
the following vote on the 31st day of July, 2007.
BOARD OF COUNTY COMMISSIONERS
WEL OUNTY, COLORADO
ATTEST:
David E. Long, Chair
a• • Clerk to the Board
EXCUSED
William Jerke, em
•
rk to the Board
3
Wil F. Garcia
N•„(Alibie /. AS TO FORM:
Robert D. Masden
e.
Assisgnt Co ty Attorney
ougla Rademacher
Date of signature:U7,&-le
2007-2384
AS0067
2007
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
ASSESSOR'S ACCOUNT NUMBER R4749686
STIPULATION (As To Tax Year 2007 Actual Value)
RE PETITION OF : R4749686 4943 WCR 32
NAME: Makings, Leslie F JR
ADDRESS: 4943 WCR 32
Longmont, CO. 80501
Petitioner(s),Leslie F Jr. Makings and the Weld County Assessor, hereby enter into
this Stipulation regarding the tax year 2007 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:
25534-I PT SE4SE4 14 3 68 BEG W316.25' OF SE COR SEC W483.75' N735' E483.75'
S735' TO BEG (.33R) %4943 WCR 32% SITUS: 4943 32 CR WELD
(Legal description)
2. The subject property is classified as Residential
property.
3. The County Assessor originally assigned the following actual value to the subject
property for tax year 2007.
Land $ 230100
Improvements$ 114900
Total $ 345000
4. After further review and negotiation,the petitioner(s) and Weld County Assessor
agree to the following actual value for the subject property.
Land $ 230100
Improvements$ 84900
2007-2384
Total $ 315000
5. The valuations, as established above, shall be binding only with respect to tax
year 2007.
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. Both parties agree that the hearing scheduled before the Weld County Board of
Equalization on DATE at TIMEam be vacated; or, a hearing has not yet been
scheduled before the Board of Equalization x (check if appropriate).
DATED this 12th day of July, 2007.
WI
Pe itioner(s) or Attorney Petitioner(s) or Attorney
Address: Address:
Telephone: Telephone:
77,410%
Coun y Assessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970) 353-3845 ext. 3656
NOTICE OF ADJUSTMENT OFFICE OF COUNTY ASSESSOR
1400 NORTH 17th AVE.
2/ 611t:
W316 . 2I PT SE4SE4 14 C 3 68 BEG GREELEY,C x.3631
(// p �'7 W316 . 25 3 .OF SE S73R SEC WBEG ( . ' PHONE(970)353-3845,EXT.3650
N735 ' E483 . 75' 5735 ' TO BEG ( 33R) www.co.weld.co.us
%4943 WCR 32% SITUS : 4943 32 CR
00
OWNER:WELD MAKINGS LESLIE F JR
COLORADO
MAKINGS LESLIE F JR LOG 2279
4943 WELD CO RD 32 PARCEL 120714000071
ACCOUNT R4749686
LONGMONT, CO 80501 YEAR 2007
The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that
your property should be included in the following category(ies):
Residential property - The property is valued by the market
approach to value.
If your concern is the amount of your property tax,local taxing authorities(county,city,fire protection,and other special districts)hold budget
hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings.
The Assessor has carefully studied all available information,giving particular attention to the specifics included on your protest,and has determined the
valuation(s)assigned to your property. The reasons for this determination of value are:
The actual valuation of your property has been adjusted based on new
information obtained. This may be information you have supplied, corrections of
characteristics or additional sales which we have uncovered during the appeals
process . This value reflects the market price paid during the base period of
January 1 , 2005 to June 30 , 2006 .
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
r-
RESIprTIL ® 405928 345000
oQ 111
oN '
c75O,, 000
otn 0
LU F ttJ
S O r Cr
p
0
TOTALS $ $ 405928 $345000
APPEAL DEADLINES: REAL PROPERTY-JULY 16,PERSONAL PROPERTY-JULY 20.
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. TO PRESERVE YOUR APPEAL RIGHTS,YOU MAY BE REQUIRED TO PROVE THAT YOU FILED A TIMELY APPEAL;
THEREFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING
'06/26/2007
By: Christopher M. Woodruff
WELD COUNTY ASSESSOR DATE
ADDITIONAL INFORMATION ON REVERSE SIDE
NOD 307 63 67/07
YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR' S DECISION
The County Board of Equalization will sit to hear appeals beginning July 2 and continuing through August 3 for real
property(land and buildings) and personal property(furnishings, machinery, and equipment). § 39-8-104 and § 39-
8-107(2), C.R.S. yy pgp iet:I you choose to appea. e Assessor' s decision, mail or deliver one copy of this completed form to the County
Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED
ON OR BEFORE JULY 16 FOR REAL PROPERTY, AND JULY 20 FOR PERSONAL PROPERTY.
WELD COUNTY BOARD OF EQUALIZATION
915 10th Street, P.O. Box 758
Greeley, Colorado 80632
Telephone (970) 356-4000 Ext. 4225
You wil ,e notified of the time and place set for the hearing of your appeal.
The County Board of Equalization must make a decision on your appeal and mail you a determination within five
business days of that decision. The County Board must conclude its hearings and render decisions by August 3.
TIMIWAYERRIG l R<: P
I you are not satis le' with the County Board of 1'q�ization's decision you must file within thirty days of the
County Board of Equalization' s written decision with ONE of the following:
Board of Assessment Appeals (BAA):
1313 Sherman Street, Room 315
Denver, Colorado 80203
Telephone (303) 866-5880
www.dola.colorado.gov/baa
District Court:
9th Avenue and 9th Street, P.O. Box C
Greeley, Colorado 80632
Telephone (970) 356-4000, Ext. 4520
Arbitration:
WELD COUNTY BOARD OF EQUALIZATION
915 10th Street, P.O. Box 758
Greeley, Colorado 80632
Telephone (970) 356-4000, Ext. 4225
If you do not receive a determination from the County Board of Equalization, contact the county board. If the
county board is not going to mail a decision, you must file an appeal with the Board of Assessment Appeals by
September 10th.
TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY
APPEAL; THEREFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF
OF MAILING.
PETITION TO THE COUNTY BOARD OF EQUALIZATION
In the space below,please explain why you disagree with the Assessor' s valuation. IN ACCORDANCE WITH §
39-8-106(1.5), C.R.S., IF YOUR APPEAL INVOLVES REAL PROPERTY, YOU MUST STATE YOUR
OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as qg
necessary. /'j,-. /ha/u. s Q.4z t �s Ake. a.z
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SIGN U j, s TI0Nl;R DA,
NOD 20]628]/0]
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- '�- !(et n'5 a'// /e °CLV 51c-et % et/2ce_ fi•-/rj e!]C4�
4334-1 of 1
LEGAL 11.4112lY 65199 ..,
_to her M. Woodruff
25534-I PT SE4SE4 14 3 68 BEG W316.25 .✓� di County Assessor
'OF SE COR SEC W483.75' N735' E483.75' 4f'0 \, 17th Avenue
S735'TO BEG (33R) %4943 WCR 32% SITU "-'c Plea 4'15 80631
S: 4943 32 CR WELD 00000 o.us
MAY 1, 2007
FS 05/01/07- 06/01/07
1400 N 17TH AVENUE
;RS: 8:30-4:30
≥t.1 NO (970) 353-3845 x-3650
MAKINGS LESLIE F JR 9701304-642i
4943 WELD CO RD 32
LONGMONT CO 80501 2007
2309
120714000071
R4749686
INCREASE/ ----�
DECREASE
RESIDENTIAL 243295 405928 162633
,� __ -_ 405928 182833 it
FHA#052-365-6062
File No.DR$2782
us""- ,.. „y,III T if:ks±/94O. u"iY APDRJQNALSR MPARABLES,v�,s .' .s& tr' ,Z„�'�3 "� `", , .
Bondwer Leslie Makings
Prop.ny Address 4943 WCR 37.
cur Longmont coon Weld slew Co rip Coin 80504
L.nancwnt Wellsfarvo Bank N.4,-R035760
ITEM I SUBJECT COMPARABLE NO.4 COMPARABLE N0.6 COMPARABLE NO.6
4943 WCR 32 25888 WCR 15.5 5155 WCR22 4763 WCR 32
Addraa Longmont Johnstown.Co/DOM 75 I[Angmont.Co/DOM 134 Longmont Co./DOM 190
Pro.lmfym s ilea ') 52. '0u=-M illtSinigo5 mil §/$E Next Door Wgst 0
Subs Pon s Refinance?5 . s 6 , OQ� m I s 282.000'6111OZOlgil s 284,900
Price/Gross LN Ar.a 5 N/A[Is 239.68 UM-1z ,'.s 262.5701blIt..,.a: ills 158.28 UL '1
Data and/or Inspection MLS#413304/Realtor MLS#400316/Realtor MLS#423141/County
verification Source Cntv.Reeds. County Reds. County Rods. Realtor
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION •t-I$Atat.ananl DESCRIPTION •6)5 A4uatmni DESCRIPTION •FISAMaanam
Sakti or Financing /so pa so New Cnv.Ln New Cnv.Ln All Types of
rY'
Concessions Witt.1.1611: x'1 O.S.Pts. 191 .S.Pts. Financing Avail.
Dan is sans.. P* YaazacE'iL. ':u^I10/IS/2004 011/2004 Current On Mrkt
Epson East-Mead N-Johnstown East-Longmont East Mead
Isanhold/Faa Simpi. Fee Simple Fee Simple Fee Simple Fee Simple
sll. 7.67+-Acres 7.87 Ac. 2.75 Ac/Gd. +25.0003 Ac./Gd. +20.000
vow Good Good Good Good
Design and Appeal Ranch Ranch Ranch 1.5 Sty.
°sow of ConNmaion Frame/Avis. Frame/vg. Frame/Avg Frame/Avg.
ABe ave. A 25 -16.000A 44 -12.0
01 t4.9.5
ver coral& .V.Qopd/Remod. -20.000Oood -10.00 emodeled/V.G9 -20.000
Above Grad. Tn1Y! Bbn.' Baths Taal' Bona: Bads Total' airs' Baths Taal' Bia' Baths -4,000
Roomcounl 5 ' 2 ' 2.00 5 ' 2 ' 1 +4,001 5 ' 2 ' 1 +4,0013t_ ____2_,
Grossboong 1.400 as Ft. 1.502 as.Ft. -2.550 1.074 Sq.Ft. +8.150 1.800 as r1 -10.000
Ba.sm.ma nate None 1502 s/f -9,0121074 s/f -6,444None
Room*Bow.Grad/ N/A 1502 s/f(fin.) -15.020500 s/f(fin.) -5.00084/A
swoons'Utllly Average Average Average Average
Hesoinyualnu GFWA/No Air GFWA/Central -2.000GFWA/Swmp.C -500OFWA/No Air
Energy Efficient Items Average Thermo Wind. -5.000Average New Thermo. -5.000
Garage/Carport Garage 1 None +4.000Garage 2 -4.000Garage 2 4.000
Pomh.Patio.Deck Cv.Porch Offset Cv.Porch Offset
Preptcem•a" I WdSty. 1 FPI Olin tCJo FPL +1.0001 Wd.Sty.
Fence,Poo.elc rg.Shop/Barn None +20.0Wed�SShopBam None +20.000
Onsite Extra en e/ Add Sheds Offs heds None +5 000
Nat A4.(Iaal) r,'M=ate4....�at+3' • - $ -41582[Xi • 1 I- 5 206 12CI + I I- s 2.000
moose Sales Pic. 140) '"3 s w''" Gross 27.1% Gross 27.0% Gross 30.9%
01rsosaraW =>v+s '„;3 Net-11.6% s 318.418 Net 0.0% s 282,206 Net 0.7% s 286,90.
D.N.Price and Data No Improved No Prior Sale in 36 mos. No Prior Sale in 36 mos. 2/26/2004
Sourck for prior sales Sale Last.3 Yrs. REO/Purchase from ban*
within year of appraisal Cory Reds $224 000 I�
Comments on Markel Data
Martel oat.AnYva 4'e3
Longs Peak Appraisal
FHA#052-365-6062
Feeo DRS2782
PHOTOGRAPH ADDENDUM
Borrower or Owner Leslie Makings
Property Address 4943 WCR 32
city Longmont county Weld sm. Co zip cod. 80504
tender or teem Wells Fargo Bank N.A:R035260
COMPARABLE#4
25888 WCR 15.5
Johnstown,Co/DOM 75
r i Price $360,000
' ; sex ; Price/SF 239.68
S .2 x� 7fr Date 10/15/2004
y A e A25
Room Count 5-2d
Living Area 1,502
- - Value Indication $318,418
fe
COMPARABLE#5
5155 WCR22
Longmont,Co/DOM 134
Price $282,000
Price/SF 262.57
Date 6/11/2004
Aga A 44
py ' Room Count 5-2-1
Living Area 1,074
•
Value Indication $282,206
siti r e SA' r I " s
r 1 s - COMPARABLE#6
- r �x` 4763 WCR 32
�t r i, t S� Price $284,900
�� a „ J y Price/SF 15828
p ' Date Current On Mrkt
A 95
y _ Room Count 6-3-2
_ r Living Area 1,800
y T r 3 t value Indication $286,900
I a
t t ,
Longs Peak Appraisal
FHA#052-365-6062
Pl.No DRS27R2
PHOTOGRAPHADDENDUM t4
Borrower or Owner Leslie Makings
Proper'',dares 4943 WCR 32
ear Longmont town Weld stale Co Zip code 80504
Lender or Giant Wells Fargo Bank N.A.-R035260
¢ "°4'P ax
f
A ti_"' EJas� y 4943 WCR 32
v 3, :,, 7 DETACHED GARAGE
^R^-.. �YVF. *P4 °tiff
1-2"� : _
( r- d-
---
1! 1 - yF"'"�`,e s� jc `fi �$9L d ct, bi pcitkiiclect:::,44:,,,S e sma2,. s btry a r • a.y��
er + I tl�, cr +Yr+ > f , tt `v 4943 WCR32
� !:,y,rrf _y� r + t 0 'G3 35 ' R r STORAGE SHED
x(y v i At ? 4 } tk,f:k2r cit97 ^i{ te�Y4
r + K e s,n, fi r y ,, �,
iiv: ar
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,........
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. ,
Longs Peak Appraisal
FHA#052-365-6062
F1kNO DRSP782
PHOTOGRAPH ADDENDUM s ,
Borrower or Owner Leslie Makings
Frop.M Address 4943 W CR 32
City Longmont County Weld st.t. Co Zip Code 80504
Lender or Clent Wells Fargo Bank N.A.-R035260
i :
•ia.
`' FRONT VIEW OF
SUBJECT PROPERTY
y ;
tl
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-
-:1� xg
/,
r.
REAR VIEW OF
-<, SUBJECT PROPERTY
j tl � STREET SCENE OF
kl i1 SUBJECT PROPERTY
L~_._ ,.
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Longs Peak Appraisal
Longs Peak Appraisal
412 Terry Street
Longmont, CO 80501
303-772-7666
February 18,2005
Wells Fargo Bank N.A.-R035260
400 Inverness Parkway/#350
Englewood,Co.
80112
Property- 4943 WCR 32
Longmont,Co 80504
Borrower- Leslie Makings
File No.- DRS2782
Case No.- FHA#052-365-6062
Dear :
In accordance with your request,I have made a Complete Appraisal and prepared a Summary
Appraisal Report of the real property located at 4943 WCR 32, Longmont,Co.
The purpose of the Summary Appraisal is to estimate the market value of the property described in
the body of this report.
Enclosed,please find the Summary Appraisal which describes certain data gathered during our
investigation of the property. The methods of approach and reasoning in the valuation of the various
physical and economic factors of the subject property are contained in this report.
An inspection of the property and a study of pertinent factors,including valuation trends and an
analysis of neighborhood data,led the appraiser to the conclusion that the market value,as of Febr.
16,2005 is:
$315,000
The opinion of value expressed in this report is contingent upon the Limiting Conditions attached to
this report.
It has been a pleasure to assist you. If I may be of further service to you in the future,please let me
know.
Respectfully submitted,
Longs Peak Appraisal - •
Dan R.Schack
CO Certification#CG01313397
Complete Appraisal Analysis-Summary Appraisal Report FHA#052-365-6062
Prsporty Description UNIFORM RESIDENTIAL APPRAISAL REPORT File No. DR S2782
Fs Property Address 4943 WCR 32 car Longmont SNe Co Zip cods 80504
`.` Legal Description ***See Additional Comments*** Caunly Weld
Ammo's Parcel No. . Tax ID:R4749686 Tax Year 2003 R.E.Taxes 1. 91 Special M lAaamtss None
Borrower Leslie Makings Dan owner Makinps . Occupant �Xl Owner I I Tenant I I vacant
.. Property edits appnWd IX; Fee Simple I 'Lea eehsd Pr of Type ' I PUD I I Condominbm(NUDNA only) HOAS N/A No.
Ne hbomood or Project Name Ma Rebrence PG 252/KB-57 Census Tract 21
a I NE of steed p
sae Prior $ Refinance Dale Of s.l.2/2005 Deaalplon and SAmount of loan chargWeaaubns lo be ped by seer N/A
Lenderfellenl Wells Fargo Bank N.A.-R035260 Address 400 Inverness Parkway/#350.Englewood.Co..80112
Appeaser Da R Schack V Address 412 Terry St..Longmont Co 30501
Location I I Urban tpl Suburban Rural Predominant Single family Musks Present lard uu% Laidsee Menge
BUM up Over75% I V®I 25-75% s Under25% peat PRICE
(yea) Ono Family 50 t]JN%Likely ❑Likely
Growth rate Reed �Sew Sow IXIQener 250 use new 2-4 lam ILJI In process
Property value. �❑'7 Inmuing I�,'I Stade Declining Tenant 75 Hlgl 50+ Mutua.mty To:
ic"CDemand/supply LJ Serene �J M bal•nee E Over supped ®vacant(-5%) W$I Predominantpr Commode
Marketing time n Under 3 moil n aamoe. ❑Over.ma. Iw..oar 5%)450 25 Apric 50
Ned:Rees and the racist composition el thealghborneod an.not eppeW been.
Neighborhood boundaries end characteristics: North-State Highway#60/South-State Highway#66/East-WCR 27/West-Interstate-1-25
Factors that effect the m•rkd.btity of the properties In the nelohberined (proximity to employment and amenities employment stability. appeal to motet, etc.):
The subject property is located approx.4 miles E/NE of Mead.8 miles S-SW of Johnstown/12 miles NE of Longmont.and
within acceptable access of Loveland.Mead.Platteville and North-Metro Denver. The area is generally made up of small
acreage single family properties and irrigated farm land. Schools and limited shopping are in Mead. Most employment and
shopping would be in Longmont(20 minutes)/or Loveland(25 minutes). Market demand for the area and property type is
considered strong.
Marked conditions M Me subject neighborhood Qrruding support la the above conclusions reelect to the Iran of properly values. demandleuppy. and marketing time
such se data on ampeliMe properties for sale In the neighborhood, description of the prevalence of sales and financing concessions. clot
`:„. The subject is well located with acceptable proximity to shopping,employment and schools.The economy of the area and the
S. real estate market are stable.The MLS statistical data supports a stable market.Typical market time for this typee of property is
rise less than 180 days.within this area,with no concessions offered.All types of financing are readily available in this area.
Prel•d Information for PUN (Mapplcaw)—la the developer/bulkier in contra of the Home Owners'Aeaociaton(HOA)7 ❑Ye. LINO
- Appro....Mel number of units in the suited project Approxkn.te total number of units for Me a the subject project
Describe comma elements and reere.mrol wide.: N/A
Dimension. Survey was not supplied/ Topography Rolling/slopes to N&W
Site ores 7.67Acres+-(Per County Reds.) Corner Lot LJ Yee [g]No Soo. 7.67+-Acres
Specific zoning classification and description Agriculture Zoning/(r'ces,Use) amp. Rectangular
Zoning compliance Legal ® Legal nonanorrmImlrlg(Granwthered use) I_j legal ❑ No senile Drainage Adequate
Highest&beat use as Improved:: Present use l other use(expWn) mew Good
WSW Pudic Other OR.e e%evemenb Type Pube Peale Landscaping Average
meets* ® stress Blacktop ® ❑ orwexar Sure. Gravel
se, ® curbpun% None N ❑ ,APEPa •semew Util.ofReej. IAssurpe(
Water 'mew"
None ❑ FEMA a pedal Flood Hexed Mu _I Yes No
United sewer ❑Septic Street lights None ® FEMA Zone Zone X Map ow 9/28/82
Storm ewer 'f'll None Away None FEMA Map No 080266-0750C
Comm*, (apparent Mom tuned,. mwacenene, special assessments. slide ems Segal or legal noneonernlmo zoning use, etc.): Interior site
facing to the south along a asphalt surfaced county road A survey was not supplied,utility easements are assumed and there
-' are no apparent encroachments There is perimeter wire encing around the 7+acres.also some cross fencina
GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION
:I No.of Unto One Foundation Conc.Blk. Slab N/A Area SR.FL Roof
i( No.ofEeres One Esters,Wits Frame crest Space Yes %Fleshed N/A Celine Yes
Type(DetrAO.) Detached Roof Surface Comp Shg. Basement N/A Clog N/A VMS Unkn.
o en(see) Ranchitor
Gutters a Dwape. None Sump Pump None Noted Warn N/A Floor
Existing/Proposed Existing Window Tra Alum.Sliders Dews. None Noted Floor N/A None
Age(rrel 104 a.m. Screens sew%•% None Noted Outside Entry N/A Unknown
En vs rc%I 30 Mamdactured House N/A Inewen None pled Ave.
ROOMS Foyer Lathy _ Dining Kitchen Den F•myy than. Rae.Rm. Badman• C Bate Laundry Other Area Sq.FL
Basement
c' Level) Entry I 1 1 2 2 1 1400
Level 2
Finished area above grade contains 5 Rooms: 2 Bedroom(e7 2 00 eaten 1 400 5•are Fat of Gros Living Are
INTERIOR Materials//Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES l��l--tttt CAR STORAGE:
Flwn Crpt/Vnyl/Avg Type GFWA ReMgeretor ❑ None Finpeee(s(R W4St_ Nog El
Wall• Pnl/Plstr/Dywl/Ava-Fuel Nat,Gas Range/even ® SWIG Pee Garage ea cars
TNmlFliah painted/Avg. Condition Working Deposal ❑ Drop Weir Dec* Attache
Seth Floor Vi yl/Ave. COOLING Dishwasher Saw Porch Cv.Porch X Deachsd l-Det.Gar
Bath Winer Marlite/Fib.GI/Avg Central None FIG1/14002 Floor Fence Wire-Perm BUM-In
Hollow Core/Ave other None Mheowaa waled Pod I Damon
Condition N/A Weshermryer Fllshed 5 outbldgs./Addm X odyssey Gravel
'�. Additional features (special energy efficient Items, .o.): 6x22ft Cv.Porch/Wire fencing perimeter of acreage,plus some cross fencing/
= Wood Stove in Kitchen eating area/***See Addendum***
Condition of es improvements, depreciation (physbel, funmond, and external), repairs needed, quality of eonebudbn, remodeling/additions. eat.: Physical deer.is
R based on observed condition&a modified age/life method of determining the amount of deer.The subject property will be
,,L � considered in avenge condition for its age,once the VC reauirements are completed. There was no functional or external
auettfa — obsoles nce noted.
/ Un(] conditions (such as. but not limited M. hazardous wastes, toxic substances. etc.) present in the improvements. On the sue, or In the
1 _CA.C 'v t^ Immediate f the subject property.: None observed.NOTE:The appraiser is not an expert in this field and therefore the report
1� n `nth p should not be used as an environmental assessment of the property
e.
^,WOO,el F I Peddle Inc Fenn 701-53 12 CH. PAGE I OF 2 Fen.Mee Form lag 03
1 W J Longs Peak Appraisal
Complete Appraisal Analysi ry Appraisal Report FILM/052-365-6062
valuation Bandon UNIFORM RESIDENTIA PP .I REPORT File No. DRS2782
ESTIMATED SITE VALUE •i 200,01 Comments on Coal Approach (such at, source of mat estimate.
C ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: de value. square tot calculation and for HUD. VA end FmHA. the
A Dwdne L400 Sp.Fta5 85.00.1 119,001 esMnated femelMng •commlc Ile of the prppenyl: Marshal-Swift
T Sq.Ft O s • Cost Service-along with local builders data,was used in
Shop/Bam/Sheds/Fence• 60.000 the preparation of this report./Phv.Depr.was based on a
Oareg•/Camort 380 Ss.RCS 22.00• 8,360 modified age-life method.Site value was developed thru
pTotal Estimated Cal New •s 187.360 abstraction using the su ject and comparable sales
g Leas 42.9 Pnyelal Functional External below,as well as other vacant land sales in the area/
d °erasion 80.377 I I -s 80.377 Personal property was not valued in this report.
Deprecated date of improvements -1 106.983
H 'Asir Value of Site improvements 1 000
INDICATED VALUE BY COST APPROACH 316.983 '1 316183 Remaining Economic Life:90 Remaining Physical Life-40
ITEM I SUBJECT COMPARABLE NO.I COMPARABLE NO.2 COMPARABLE NO.3
4943 WCR 32 3700 WCR 46 1089 WCR 40.5 8098 WCR 14
.; Address Longmont Berthoud.Co./DOM 120 Berthoud.Co/DOM 142 Ft.Lupton.Co/DOM 72
Proximety o Subjectf = $miles N/NW 8 miles Nffs1 W 10 blks,S/SE
Salsa Price s Refinance h4 -; aly.=�$I$ 3015 Ov I$ 358 qq0 . I s 329,000
Prke/Orass LW.Area $ N/A 11)s 214.93 II .:.Cl,e, e s 204.34 I I"°.-•.r i'+r'5 403.19 9sI,..`•
_":: Date aoa/or Inspection MLS#408025/Realtor MLSN404648/Realtor MLS1/417142/Realtor
• Va4ieaan sera Cnty,Reeds. County Reds. County Reds, County Rcds.
s' VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION I •(-)f A4nmad DESCRIPTION •(-IS A4eaaed DESCRIPTION I+(-IS A4aMwti
Sensor Fla ndng ce Ka " M New Cnv.Lit New Cnv.Ln New Cnv.Ln
_ Coneona )`.",, e'r'T`L .t4 T" No.S.Pts. No.S.Pts. No.S.Pts.
Date ofS•IeRM .. .x.-.'iia,..'.331-sa8/31/2004 7/29/2004 8/28/2004
Location East-Mead East-Berthoud= East-Berthoud= West-Ft.Lupton 4 Offset w,
Leasehold/Fee Binds aFee Simple Fee Simple Fee Simple Fee Simple
site 7.67+-Acres 3 ac+- +20.0000 Ac+- +20,0004 Ac.+- This
g nos Good Good Good Good
A Design and Appeal Ranch 2-Sty Ranch Ranch
L raw acontusion Frame/Avg. Frame/Ave Frame/Avg. Frame/Avg.
E Age A104/E30 A 106 A 33 -14.000A 90
S Condition Average Recent/Renovate -20.00OGood -10.000Average
G Above Gale Total Blum. BatBansBatts4,0 le Told. BB . Bs - 11 Taal. dams. Salts Total, Bu' Bella
p Room Counl 5 ' 2 12.00 6 ' 3 ' 1 +4,000 5 ' 2 ' 1.5 +2,000 5 ' 2 ' 1 +4,000
M Gross Laing Area 1.400 Ss.FL 1.440 sq.FI. Offset 1752 sg.Ft. -8.800 816 sq.Ft. +14.600
P Basement BFlnMMO None None 1152 s/f -6,912192 s/f -1,152
R. Rooms Below Gnd• N/A N/A 1152 Fin. -11520192 s/f(fin.) -1.920
I Functional Ulay Average Average Average Average
S Heating/CoolIng GFWA/No Air GFWA/No Air HWBB/No Air GFWA/Swmp.C., -500
t4Energy Efficient Items Average Thermo Wind. -5.01 Thermo.Wind. -5,000Average
• Garage/Carport Garage 1 Garage 2 -4,000Garaee 2 -4.0004-Det.Garage -12 000
A Porch.Palo,Deck Cv.Porch Offset Offset Offset
_ N Fiegaalt).etc. 1 WdStv. NO Fol +1.00f..1 Fol OffsetNo Fel +1.000
I. Fans,Pod.ax. Lrg.Shop/Barn LrgShop/Shed Offset.Barn/Shed Hay Bldg/Bam
y Onsite Extras Fence/Sheds Add.Sheds OffsetAdd.Sheds Sheds
s Net Adj(total) .:=::.kit,..._,..3Ze4 I I • IXI-' s -8,00C I I • IX)-' I -38.232 IXI • I I-' $ 4,028
I. Adjusted s lm Pre ?I-41 2 • Gross 18.7% Gross 23.0% Gross 10.7%
s of Comparable ,.„:il- ,a. Net-2.6%s 301.50C. Net-10.7%s 319.768 Net 1.2%s 333.02$
Comments on Sete Comparison Including the subject prop.Ms compeer* to the neighborhood. tc.Il Since not every subject can be compared to
"ideal"sales,the appraiser has chosen the best available sales from a market search.Every effort was made to conform
w to FNMA and even stricter guidelines. All comparables used are closed sales unless otherwise noted, •*See Addendum,
ITEM SUBJECT COMPARABLE NO.I COMPARABLE NO.2 COMPARABLE NO.3
Date,Prlu and Date No Improved No Prior Sale in 36 mos. No Prior Sale in 36 mos. No Prior Sale in 36 mos.
so.,for pM TY
NE e. Sale Last.3 Yrs. mot
within year of appraisal (Inn/Rcds.
Analysts of any sae agreement o sale,option.or listing of the subject prosody end aaMl•w re W w ali any prior bie m d and npaeblee within one year of the dale of appraisal
? Analysts The subject final value is consistent with the value indicated by the comparable sales.Neither the subject nor the comparables
had previously sold within last 12 months.
• INDICATED VALUE BY SALES COMPARISON APPROACH s 315.000
INDICATED VALUE BY INCOME (p
IAPPROACH 1VIl (II Appllceble)Estnted Market Rent S ado.x Gross Rent Wandler •I N/A
ThisappraiW Is made IJ --owsubjw Is the pats,alterations.F•p•wba or conditions Wed below Li sublet to completion per plans and specifications.
4i condemns ofAppreleel: Subject to: This property is appraised subiect to the requirement and conditions noted in Addendum of
Fi this report&on the VC(FHAI reciurrment addendum attached. ""•See Additional Comments*""
g Float Remncelaeon: In this case the market data is of recent comparables sales.of similar tyne homes.They tend to so.•ort the
g same market value range and give us an accurate reflection of current market strength.it is given the „•. ..em,. •
Ncost approach support the market in this case, •** See Additional Comments•••o The purpose of thla appraisal Is to aellmate the market value of the feel proper that I.the added of this report, u bad on the above .• •n s and the aNeaton,mMlp-
I. and lilting conditions.and market value definition the,are aided in the attached Freddie Mac RIM 43glFnnl Mae Form 10046 P .ed June 1993 )
L I (WE) ESTIMATE THE MARICET VALYa AS DEFINED, OF THE REAL PROPERTY THAT a THE SUBJECT OF THIS R .•• AB OF Febr. 16 2005
.qJ II rWBCM 1B THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE 1 315.000
T APPRAISER: //�///_ UA SUPERVISORY APPRAISER(OILY IF
i. .signature /C• Ste- S`yl able P' .ad Not
0. Name Dan R.Schack Name Inspect Property
N, Date Report Signed February 18.2005 Ded Report shined
State Certification• CO01313397 Stn CO Slate C•efiataI Stele
Or state Liansea Sled Or SUM Peened Sate
FM6•Mac Fenn TO ell r]CH. PACE]OF2 Fannie Mee Fenn tax on
Longs Peak Appraisal
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