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Home My WebLink About20022126.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2002, WELD COUNTY, COLORADO - STIPULATE PETITION OF: PEDIGO KENNETH W & 1340 SETTLERS DR EATON, CO 80615 DESCRIPTION OF PROPERTY: ACCOUNT#: R0105501 PARCEL#: 080501002011 -ETN 1GR L11 BLK2 GOVERNORS RANCH 1ST FG SITUS: 1340 SETTLERS DR EATON 80615 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 2002, 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 year 2002, 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 $ 47,500 $ 47,500 Improvements OR Personal Property 194,343 162,200 TOTAL $ 241,843 $ 209,700 WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 2002-2126 AS0052 ca. : As aA , t'e- _ RE: BOE - PEDIGO KENNETH W &, R0105501 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 5th day of August, A.D., 2002. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO , ��`!, �� EXCUSED Vaad, Chair Ir.. .. •• Jerk to the Board if ( David E. Lon Pro-Tem fir• ie ii i� . • ( C;: $lerk to the Board M. J. eile APPROVED AS TO FORM: EXCUSED n (� illiam H. Jerk ( � o � Ass' ant Co ty Attorney (1 obert D. Masden Date of signature: V ' -� - o 2002-2126 AS0052 2002 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R0105501 STIPULATION (As To Tax Year 2002 Actual Value) RE PETITION OF NAME: Kenneth W. & Georgia L. Pedigo ADDRESS: 1340 Settlers Drive Eaton, CO 80615 Petitioner(s), Kenneth W. & Georgia L. Pedigo and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2002 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: 1340 Settlers Dr Eaton, CO 80615 2. The subject property is classified as RESIDENTIAL property (what type). 3. The County Assessor originally assigned the following actual value to the subject property for tax year 2002 . Land $ 47.500 Improvements 194.343 Total $ 241.843 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 47.500 Improvements 162.200 Total $ 209.700 2002-2126 5. The valuations, as established above, shall be binding only with respect to tax year 2002. • 6. Brief narrative as to why the reduction was made: Property appraised on 7/18/02 and lowered value to Purchase Price. 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on 7/31/02 at 3:30 p.m. be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate). DATED this18th day of July, 2002. Pe itioner(s or Attorney Pe ' ioner(s) or Attorney Address: Address: 40 SC-TT LEeS -bR . EATo/J Co 9UE. IS-- £{2o0 Telephone: 9 7O - 515y- 3 7 Q4, Telephone: County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 (303)353-3845 ext. 3656 NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. cREEv,co 80631 11/6 ETN 1GR L11 BLK2 GOVERNORS RANCH e � � 1ST FG SITUS : 1340 SETTLERS DR PHONE 0)70)353-3845, EATON 80615 COLORADO OWNER: PEDIGO KENNETH W & PEDIGO KENNETH W & LOG 409 1340 SETTLERS DR PARCEL 08050100201 ACCOUNT R0105501 EATON, CO 80615 YEAR 2002 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 aproach 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 as follows: It will be necessary, to physically inspect the above parcel . This will be done at the earliest possible opportunity and any changes will be madeas soon as possible . Based upon information obtained during that inspection PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW RESIDENTIAL 241843 241843 • TOTALS $ $ '41843 S 941 R41 APPEAL DEADLINES: REAL PROPERTY-JULY IS,PERSONAL PROPERTY-JULY 22. 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- I06(1)(a),C.R.S. Please see the back of this form for detailed information on filing your appeal. By: Stanley F. Sessions 06/21/2002 WELD COUNTY ASSESSOR DATE t5-DPT-AR Form PR-207-87/99 ADDITIONAL INFORMATION ON REVERSE SIDE YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION • • • The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real property(land and buildings) and personal property(furnishings, machinery, and equipment) 39-8-104 and 39-8- 107(2), C.R.S. APPEAL PROCEDURES: If you choose to appeal the 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 15 FOR REAL PROPERTY, AND JULY 22 FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970)356-4000 Ext. 4225 NOTIFICATION OF HEARING: You will be notified of the time and place set for the hearing of your appeal. COUNTY BOARD OF EQUALIZATION'S DETERMINATION: The Count" 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 5. TAXPAYER RIGHTS FOR FURTHER APPEALS: If you are not satisfied with the County Board of Equalization'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): Contact the BAA at 1313 Sherman, Room 315, Denver, Colorado 80203, (303)866-5880. An appeal form, rules and guidelines can be obtained on-line at 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, you must file an appeal with the Board of Assessment Appeals by September t 7 s. 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, 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 necessary. cc:zst ti�-�'a c eCt. / :, ' 2o ✓J cvL„�y "y oz 0 eCriftourc-ri•4 -2,..„(-2,..„(24._, c pO-4.4 /Y�-sti, �-cr�-.mac. 2 O 70 e o WZ;`''1 C`7`-"' °"" fear "mil '�/ `'Q 4 re• °'_^ �`C' ' c"'✓�`. ' (~4 / a G/ rey TRANSNATION TITLE INSURANCE COMPANY 3000 S. College Avenue Suite 110 Fort Collins, CO 80525 (970) 226-5454 . Escrow Officer: CHERYL G. WARNER Title No. : 6448270 ESCROW MANAGER Date : November 21, 2001 BUYER'S CLOSING STATEMENT Buyer(s): KENNETH W. PEDIGO Seller(s): BONNEMA CONSTRUCTION, INC., GEORGIA L. PEDIGO A COLORADO CORPORATION Property: 1340 SETTLERS DRIVE EATON, COLORADO 80615 LOT 11, BLOCK 2, GOVERNORS RANCH DEBIT CREDIT Contract Sales Price $209,700.00 Deposits by Buyer 1,000.00 Amount of New Loan WELLS FARGO HOME MORTGAE, INC 50,000.00 CREDIT PAID BY WFHMI 1,300.00 CREDIT FOR POC MONIES 500.00 PRORATIONS HOA RESERVES 150.00 COUNTY TAXES 01/01/01 to 11/21/01 - 27.98 LENDER CHARGES: WELLS FARGO HOME MORTGAE, INC Loan Origination Fee (PBL).. 1.00 X plus: 500.00 Loan Discount (PBL) 1.25 X plus: 625.00 DOCUMENT REVIEW FEE (PBL) WELLS FARGO HOME MORTGAE, INC 175.00 RESERVES TITLE CHARGES RECORDING FEES, TRANSFER TAXES DOCUMENTARY FEE 11.67 ADDITIONAL CHARGES Survey/ILC LANDSTAR SURVEYING, INC 135.00 HOA DUES THRU 12/31 GOVERNORS RANCH COMMUNITY HOA 12.51 ASSOCIATION RESERVE FUND FEE GOVERNOR'S RANCH COMMUNITY HOA 100.00 HOA TRANSFER FEE JRC LAND COMPANY, LLC 75.00 ***** SUB TOTAL 211,484.18 52,827.98 RECEIPT DUE FROM BUYER 158,656.20 -e $211,484.18 $211,484.18 The above figures do not include sales or use taxes on personal property. THE HHHEEE ABBOVE DEDUCTIONS, ADJUSTMENTS, DISBURSEMENTS ARE HEREBY AUTHORIZED AND APPROVED. • ' Broker THE GROUP, INC. ENNETH W. PEDIGO e /- �(/ec�i cT GEORGIA L. EDIGO Transnation Title Insurance Company By: CHERYL G. WARNER • GENERAL INFORMATION STYLE: Ranch “1--1,:`z+ �, CONSTRUCTION: Frame/Brick/ 727 =� Siding " FS q , BEDROOMS: Three -r' 1 BATHROOMS: Two c'kGARAGE: 2 Car Attached — � a SQUARE FEET: 3,332 �� _ �""" BASEMENT: 1,666 sf unfinished f. " \� �\ - --t -.I YEAR BUILT: 2001 r'.. _ \— ,,� — '—� ZONING: PUD ",-.71' ' / •.\ . } r ROOF: CompositionFLO - =Y :21 , -�, HEAT Get Vinyl 'M , — , -- / COOLING: Ceiling Fan 3, �� f�J�n�it _ SUBDIVISION: Governor's Ranch �t.. :�.^ — tom_ ._...1 'at TAXES: TBD _ �. b ". . - -- 1s4. - e . ROOM SIZES — "�GREAT ROOM: 15x22 Main KITCHEN: 14x13 Main DINING ROOM: 12x10 Main r, o/a LAUNDRY ROOM: 06.x08 Main MSTRBDRM: 15x12 Main = I 1340 Settler's Drive BEDROOM 2: 11x11 Main t ,. BEDROOM 3: 11x11 Main ^ Eaton J $209,700 SCHOOLS ELEMENTARY: Eaton "The Monterey", Lot 11 , Block 2 JUNIOR Eaton HIGH SCHOOL: Eaton Bonnema Construction, Inc. presents this open ranch plan with ten foot ceilings in the great room, coffered INCLUSIONS ceiling in the master bedroom, jetted tub, five piece Electric self cleaning range/oven, master bath, and a gas log fireplace. Other features dishwasher,microwave. Carpet,hard surface and light fixture package. include a covered entry, three car garage option, fell basement, six panel colonist doors, oak cabinets and uTil - s trial, and tile entry, kitchen, and nook. 53,000 Town of Eaton CLOSING COST ALLOWANCE IF FINANCED City of Greeley THROUGH NANCY SMITH AT WELLS Excel Energy -` FARGO. FLOOR PLAN Marketed bv: Rick Koento THE Ranch style, great room,kitchen,dining pp room.laundry room, 3 bedrooms, and 2 fill Linda Koentopp GROUP bathrooms o floor. Monte Ingram INC.. pµ J— The Group, Inc. r R«r Estate 221-0700(O) Updated 10/03/2001 Information in this brochure is from sources believed to be reliable,but is not guaranteed. Distances and measurements are approximate and subject to correction. - IMPROVEMENT LOCATION CERTIFICATE . Legal Description Source: Wells Fargo Home Mortgage 9551431 Transnation Title 8055411 C-2 Lot 11, Block 2, GOVERNOR'S RANCH FIRST FILING, a Subdivision of the Town of Eorbn County of Weld, State of Colorado. Address: 1340 Settlers Drive Eaton 62tt��s ' \va „0 i. . '•'1Me)9°I(o.3C3-E �\ Lfl3.94' 78•w' _to' V.E. '. , NI -• -. 2 :I— tli lit D e' gel y 7 I 111 m I O I1� `n Q$ - Q ONE sTcr,f 2t a' . V..' Ity \ of i-- :: 43° vN '� • N 81 1es 10' u-a. — ug,; 3 -_ - —�tio 6� Ico 3Ovi c)(.4- . DEL Poe Ii NOTES: ,:-4' 1�4R�Y( illfr 1) The exact location of property lines and fence lines can / • p ? G 2 :* only he determined by a monumented boundary survey- : a it The fence locations shown on this sketch are approxl- �l*: e ? /� mate. Ownership of fences cannot be determined by an `a Improvement Location Certificate. C `' ..li '.f:„? • •.•Ps'. 2) Unless otherwise noted,aU easements shown hereon David M.Poaschl LS 11 171162•%; Ote_. are obtained from recorded Plat OF C Nk\ • BORROWER: Pedlgo LENDER:Wells Fargo Home Mortgage TITLE CO:Transnatio Title CERTIFICATE.'I hereby certify that this Improvement Location Certificate was prepared for WELLS FARGO HOME MORTGAGE; that It is not a Land Survey Plat or Improvement Survey Plat;and that It is not to be relied upon for the establishment offence,building or other , future Improvements. 1 further certify that the improvements on the above-described parcel on this date l I— 14-0 I except utility connections,are entirely within the boundaries of this parcel,except as shown;that there are no encroachments upon the described Premises y pburdening any part g or Improvements said g miser,except a Indicated;d and that there is not apparent evidence or signs of any easement — SCALE:1.. 3'Q' DRAWN: pp DATE:I I-IA—01 FILE NO.: El-b325 REVISED: LANOSTAR SURVEYING,INC. 1327 N Uneoln Ave Loveland CO 80537(970)6674294 FAX•(970)667-7151 9706677151 PAGE.02 lJOU 15 '01 12 55 File No.284-1302 • 74" Pic WELLS FARGO HOME MTG 6245 401 S COLLEGE AVE.305 FT.COLLINS CO File Number: 284-1302 In accordance with your request. I have personally inspected and appraised the real property at: 1340 Settler's Dr. Eaton,Co 80615 The purpose of this appraisal is to estimate the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the estimated market value of the property as of November 14,2001 is: 5209,700 Two Hundred Nine Thousand Seven Hundred Dollars The attached report contains the description, analysis and supportive data for the conclusions, final estimate of value,descriptive photographs, limiting conditions and appropriate certifications. Bates -a inlets Appraisal Analysis-Summary Appraisal Re Property Description UNIFORM RESIDENTIAL APPRAISAL REPORT File No. 284-1302 Progeny Address 1340 Settler's Dr. City Eaton State Co Zip Cox 80615 Legal Description L11.B2 Governors Ranch Cony Weld Assessor's Parcel No,080501002011 Tax Year TBD RE.Taxes 5 Special Assessments S None Borrower PEDIGO Current Owner BONNEMA CONSTRUCTION Occupant: I I Owner I I Tenant IXI Vacant Proyerly rights appraised IXI Fee Simple I I Leasehold I Project Type I I PUD Li Condominium(HUDNA only) HORS 50/VR /Mo. Neighborhood or Project Name GOVERNORS RANCH Map Reference 234/KP 37 Pierson Census Tract 15.00 Sale Price 209,700 Dated Sale 10/31/2001 Description and S amount of loan chargesi'concesslons to be paid by seller 2,000 Lendedgient WELLS FARGO HOME MTG 6245 Address 401 S COLLEGE AVE.305 FT.COLLINS,CO Appraise RonnfBlates Address P.O.BOX 418 Windsor,Co.80550 Location Urban Suburban L Rural Predominant Single family housing Present land use% Land use change Built up Over 75% 2545% IrLA Under 25% wncY PRICE E One family 60% X Not likely ❑Likely Growth rate Rapid Stable cell Slow ``'l Owner 200 Low NEW 24family U In process Property values Increasing Stable k 1 Declining Tenant 300 High 100 Multi-ferny To:Vacant to Single Demand/supply Shortage hma a Ir7SllOttaszcily Vacant Vared(D5%) Prexmmam Commercial family residential Marketing hone Under 3ttos. X 3-6 mos. Over mos. eat(ow s%i 225-250 I 20-25 ,Vacant I 40% Note:Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: The town of Eaton would described the neighborhood.The subject is south of Collins Rd and West of Hiway 85 and east of WCR 35. Factors that affect the marketability of the properties in the neighborhood(proximity to employment and amenities,employment stability,appeal to market,etc.): The subject is located in Eaton,Colorado which is a bedroom community of Greeley and Fort Collins.Greeley is 5 miles south of Eaton and 65 miles north of Denver.The University of Northern Colorado is within Greeley's city limits.Fort Collins is 14 miles northwest of Eaton and 65 miles north of Denver.Colorado State University is within Fort Collins city limits.Limited shopping and employment opportunities are in Eaton. Market conditions in the subject neighborhood(Including support for the above conclusions related to the trend of property values,demand/supply.and marketing time such as data on competitive properties for sale In the neighborhood,description of the prevalence of sales and financing concessions,etc.): Greeley and its surrounding areas,including Eaton,is currently experiencing a stable but active real estate market with listings being a level amount.With interest rates at a 40 year low will keep rates at a low but stable level,the market's outlook looks good.It is unusual for sellers to pay points.If properties are listed correctly they will likely sale 90-120 days. l� ❑Pr ject Information rer PUDs(If applicable)--Is the developer/builder in control of the Home Owners'Association(BOA)? Ip YES NO o R. Approximate total number of units in the subject project . Approximate total number of ants for sale in the subject project Describe common elements and recreational racemes:Greenbelts. Dimensions No survey was provided for review. Topography Generally level Site area +1-10,157 al/Listing .23 Ac. Caner Lot IXI Yes U No Size Typical for the area. Specific zoning classification and description R-1 Single Family Residential' Shape Appears Rectangular Zoning compliance E Legal to ��❑Legal 'mdornig(Gaolathered use) Li Illegal LI No zoning Drainage Appears adequate' Highest&best use as improved: 13 I Present use 1 1 Other use(explain) View Typical Residential Utilities Public Other Off-site Improvements Type Public Private Lardscaprg Final Grade r Elecmcity E Street Asphalt E ❑ Driveway Sutece Concrete w Gas ry Cult/gutter Concrete E Apparent easements Typical POErrasIsmed. Water Sidewalk Concrete E FEMA Specal Flood Hazard Area u Yes E No Santa sewer X Street lights Yes-Pole E FEMA Zone Zone C Map Date 09/28/82 Strom sewer None Noted Alley None-Typical n FEMA Map No. 080266 0488 C Comments(apparent adverse easements,encroachments,special assessments,slide areas,illegal or legal nonconforming zoning,use,etc.): See Attached Addendum. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No.of Units One Foundation Prd Concrete Slab -0- Area Sq.Ft. 1591 Root No.or Stones One Exterior Walls Frame/Brick Gast Spa-0- %Finished Unlnish Ceiling Type(Det./Att.) SFR-Detad Rod Surface Asphalt Basement 100% Ceiling Unfinished Walls Design(Style) Ranch Gutters&Dwnspes. Pnt.Metal sxpPup Hole Only Walls Prd Concrete Floor Existing/Proposed Existing Window Type Vinyl Clad Dampness NoneAnticptd Floor Prd Concrete None Age(Yrs.) 2001-New Stam/Streens DblPane/Yes Settlement NoneAnticptd Outside Entry No tide, Concd ❑ Effective Age5Yrsj NEW Manufactured House No Infestation NoneAnticptd ROOMS Foyer Living Dining Kitchen Den Family Rm. Rec Rm. Bedrooms I Baths Laundry Other Area SgFt. Basement RI 1,591 Levels Area 1 1 1 3 2F Area 1,591 Levell Finished area above grade contains: 6 Roams: 3 Bedroom(s): 2F Bath(s): 1.591 Square Feet of Gross Living Ares INTERIOR Materiab/Condtion HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: Floors HrdwdCrptVinyl/Nev Type Fr.Air Refrigerator None Freplace(s)IGast None O s Walls Drywall/New Fuel Nat.Gas Range/Oven Stairs Patio Covered Garage Id cars TrinIFiresh Painted Wood/New CoodbmNew Disposal Drop Stair Deck Attached 2 Bath Floor Vinyl/New COOLING Dishwasher ©Xi Scuttle Porch Detached Bath Wainscot Cerro.Tile/New Central Yes Fat/Hood ❑ Floor Fence Bunt-In Doors Hollow core Other None Microwave Heated Pad Carport 6 paneVPainted/New CatddmNew Washer/Drier Finished Driveway 2 Additional features(special energy efficient items,etc.): See Attached Addendum. Condition of the improvements,depreciation(physical,functional,and external),repairs needed,quality of construction remodeling/additions,etc.: No functional or economic obsolescence noted.No physical depreciation since the subject is new construction. Adverse environmental conditions such as,but not limited to,hezatdous wastes.toxic substances,etc.)present in the improvements,on the site.or in the immediate vicinity of the subject property:None known to the appraiser at time of inspection.However,the appraiser is not an expert in this field.This is not a home inspection. notes ire ovela am PAGE 1 OF 2 r^ ,A.,..KO. ear wamo maw rvesabaud Snow.,. en tv ten_real...,.. 1plete Appraisal Analysis-Summary Appraisal Re Valuation Section UNIFORM RESIDENTIAL APPRAISAL REPORT File No. 284-1302 ESTIMATED SITE VALUE = 3 45,000 Comments on Cost Approach(such as.source of cost estlm ale. ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: site value,square loot calculation and for HUD.VA and FmHA,the Deering 1,591 Sq.Ft. @ 5 73.00 = $ 116,143 estimated remaining economic life of the property): 1591 Sq.Ft.@ S 20.00 = 31,820 SEE • FrpIc2K KthEqupmntlK PatiotK - 4,000 ATTACHED SKETCH"'NOT TO SCALE"' Cost CwageCarpm 544 Sq.Ft. @ 5 15.00 - 8,160 data based on Marshall 8 Swift Residential Cost a Total Estimated Cost New =S 160,123 Handbook with local builder's costs adjustments.Physical Less 0 Physical Functional External Est.Remaining Econ.Life: depreciation calculated by the age/life method of • Deimos ton = $ 0 depreciation. Land value was abstracted through Depreciated Value of Improvements = 3 160,123 allocation method. 'As-is'Value of Site Improvements = S 5,000 INDICATED VALUE BV COST APPROACH 210123 =$ 210,123 OEM I SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 1340 Settlers Dr. 1505 Falcon Ridge Rd 307 Red Bud Ct. 1310 Black Hawk Rd. V Address Eaton Eaton Eaton Eaton Proxm,nyto Subied 2.25 miles Northeast 2 miles Northeast 2.25 miles Northeast Sales Price S 209,700 S 212,959 1 197,952 $ 206,850 Pice/SossLv.Wes $ 131.80 0 5 119.10 0 5 146.52 0 E 134.14 0 Data and/or Inspection MLS/Broker/DOM:107 MLS/Broker/DOM:130 MLS/Broker/DOM:187 Verification Sources MLS#308832 MLS#251610 MLS#244299 VALUEADJUSIMENTS DESCRIPTION DESCRIPTION I .pi swume. DESCRIPTION I .I inane. DESCRIPTION I .q smwsn Sales or Financing Cash New CNV OPts New CNV OPts Concessions Date of Sale/Time 10/31/2001 09/28/2001 CI Date 07/20/2001 CI Date 05/25/2001 Cl Date Location Av-Govemors Av-Hawkstone Av-EatonCmon Av-Hawkstone IeaseftodFe Srpe Fee Simple Fee Simple Fee Simple Fee Simple Site .23 Ac./Res Similar/Res Similar/Res .20 Ac./Res View AvgResidental Avq/Residental Avq/Residental Avg/Residental Design and Appeal Ranch/Avg Ranch/Avg Ranch/Avg Ranch/Avg OwitydCmeeuzon Av-FrBr/Asphalt Av-FrSNAsphalt Av-FrBr/Asphalt Av-FrBr/Asphalt Age 2091-New 2001-New NEW NEW Condition New New New New Above Grade tin I Bram: Elam Tom I tams: flan, for I Bona: am lam:Boor.I Bea Room Count 6: 3: 2F 5: 2: 2F 6: 3: 2F 61 3: 2F Gross Living fvea 1,591 Sg.Ft. 1,788 Sq.Ft. -5,900 1,351 Sq.Ft. 7,200 1,542 Sq.Ft. 1,500 Basement&Finished 1591st/0%fn Crawl 4,800 1351sf/0%fn -0- 1404sf/O%fn '0- '^ Rooms Below Grade Unfinished N/A Unfinished Unfinished a Functional Utility Average Average Average Average HeatindCooling F.Air/Central F.Air/Central F.Air/None 1,500 F.Air/None 1,500 ' Energy Efficient Items Double Pane Double Pane Double Pane Double Pane w Garage/Carport 2 Car Garage 2 Car Garage 2 Car Garage 3 Car Garage -1,500 Perch.Patio.Deck. Coy.Patio Patio Patio Patio Firepace(s),etc. 1 Fireplace 1 Fireplace 1 Fireplace 1 Fireplace Fence.Pod,em. None None None None None None IyIv None None Net Adi.(trial) _ I ` J. . is 1,100 kJ . I I- is 8,700 Ixl. ❑- :5 1,500 A4uved Sales Puce Gross:5.0% Gross:4.4% Gross:2.2% of Comparable Net -0.5% S 211,859 Net: 4.4% 5 206,652 Net: 0.7% 5 208,350 Comments on Sales Comparison(including the subject property's compatibility to the neighborhood,etc.): See Attached Addendum. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO 3 Date,Price and Data Land sale Last sale of comp Last sale of comp Last sale of comp Snare tar pnn sales in prior yr. Land Sale Land Sale Land Sale within year or appraisal County Rcds County Records County Records County Records Anaysis of any current agreement of sale.option,or listing of the subject property and analysis of any prior sales d suAjet and co parablesvnmm one bear of the dated appraisal: The subject has not sold nor has been listed in the past year.Prior sales of comparable properties occurred more than one year ago. INDICATED VALUE BY SALES COMPARISON APPROACH 5 209,700 In INDICATED VALUE BY INCOME APPROACH(fAppicable) Estimated Marcel Rent 3 N/A Ado.x Gross Rent Multiplier N/A =S N/A T L hn appraisal is made ❑ 'as is' slmect to the repairs.dteratons.irtrPtiars orcatdsais baled belay! (2d subject to completion per pans and specifications. Cottons of Apposed: See Attached Addendum. Final Reconciliation:See Attached Addendum. z .43 The purpose of this appraisal is to estimate the market value of the real properly that is the subject of this report,based on the above conditions and the tenaretidt raamgeni 71 and limiting conditions.'and market value definition that are stated in the attached Heyde Mac Form 439/Fame Mae Form 10046(Revised 1. i I(Ii/E)ESTIMATE THE MARKET VALUE AS DEFINED,OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT,AS OF 11/14/2001 S (WHICH IS THE DATE OF IN ECTION AND THE EFFECTNE DATE OF THIS REPORT)TO BE S 209,700 z APPRAISER: SUPERVISORY APPRAISER(ONLY IF REQUIRED): Signature Signature ❑Die ❑Did Not Name Rogl(Ba es Name Appraisal is for above mention client. Inspect Property Date Report Signed 11/14/2001 Dare Report Signed State Certification a CR#01313967 State Co State Certification M Ex.12/31/2003 State • a State Licensee State Or State License If State Fein.ionic sat PAGE 2OF 2 /edem.ia,ntm, em File No. 284-1302 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent stiles of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to or more favorable than. the subject property.I have made a negative adjustment to reduce the adjusted sales price of the comparable and.if a significant item in a comparable property is inferior to,or less favorable than the subject property,I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe,to the best of my knowledge,that al statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal,unbiased,and professional analysis,opinions,and conclusions,which are subject only to the contingent and knifing conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report,and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base,either partially or completely,my analysis and/or the estimate of market value in the appraisal report on the race,color,religion.sex,handicap,lamilial status.or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate,the attainment of a specific result,or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation,a specific valuation,or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards,which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report,unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements,on the subject site,or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual ar individuals in the performance of the appraisal or the preparation of the appraisal report.I have named such individual(s)and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report:therefore,if an unauthorized change is made to the appraisal report,I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report,he or she certifies and agrees that:I directly supervise the appraiser who prepared the appraisal report,have reviewed the appraisal report,agree with the statements and conclusions of the appraiser,agree to be bound by the appraiser's certifications numbered 4 through 7 above,and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 1340 Settler's Dr.,Eaton,Co 80615 APPRAISER: SUPERVISORY APPRAISER(only if required) Signature: ilielfag. " Signature: Name: RonOat Name: Appraisal is for above mention client Date Signed: 11/14/2001 Date Signed: State Certification!: CR#01313967 State Certification/ Ex. 12/31/2003 or State License 4: or State license 4: State:Co State: Expiration Date of Certification or License: Expiration Date of Certification or License: ❑ Did ❑ Did Not Inspect Property Freddie Mac Form 439 6.93 Page 2 of 2 Fannie Mae Form 1004B 6-93 • COMPARABLE PROPERTY PHOTO ADDENDUM Borrower:PEDIGO File No.'. 284-1302 Property Address:1340 Settler's Dr. Case No.: City:Eaton State:Co Zip:80615 Lender:WELLS FARGO HOME MTG 6245 • • COMPARABLE SALE#1 1505 Falcon Ridge Rd Eaton Sale Date:09/28/2001 f` . ,,.c "-_ Sale Price:$212,959 i 1 1 COMPARABLE SALE#2 307 Red Bud Ct. Eaton Sale Date:07/20/2001 -— Sale Price:$197,952 . • COMPARABLE SALE#3 • .yr 1310 Black Hawk Rd. f 1!..--..u. - Eaton _ Sale Date:05/25/2001 ..% Sale Price:$206,850 ,s LOCATION MAP Borrower:PEDIGO _ File No. 284.1302 Property Address:1340 Settler's Dr. Case No: City:Eaton State:Co Zip:80615 Lender:WELLS FARGO HOME MTG 6245 _ ..., % I" -.. .Ii. ..... .ter • ... .... _ .i Comp '_. ...•. P i l .ieF:.3 ..: .-.. I! --tiii. .9r. ..;. -fit • SUBJECT PROPERTY PHOTO ADDENDUM Borrower.PEDIGO File No.: 284-1302 Property Address:1340 Settler's Dr. Case No.: City:Eaton State:Co Zip:80615 Lender:WELLS FARGO HOME MTG 6245 FRONT VIEW OF SUBJECT PROPERTY Appraised DateNovember 14,2001 Appraised Value:$209,700 REAR VIEW OF SUBJECT PROPERTY _. t. -„_J STREET SCENE 4 1 s�� SKETCH ADDENDUM Borrower:PEDIGO File No.: 284-1302 Property Address:1340 Settlers Dr. • Case No.: City:Eaton State:Co Zip:80615 • Lender WELLS FARGO HOME MTG 6245 DBMS .,WrilAWA ROOM ::- : W '� LIVING 1 r 2 ROOM NOM A I MASTERv FULL 7 la 1 R BATH KITCHEN 1 r e i l�tilti�till�l441 s� � 1 S o g p a IP 2 ,gib. I w� fa row r0 H �' � _ 1 t 4 ,' 'AMINO,s tvMNI ` AREA CALCULATIONS SUMMARY LIMB AREA CALCULATIONS Iteei rtrnts&Moo aft. , Totxls RrsdIown _ 8ubO otall Clot rt, t Flea. MOM 1390.7541.0D x MD, 1 !+•m P/P =KM(4flQ M:00 IO.t10 11.00 x 15-00 /70.00. 1 cii curs,' 51&.60 I444W Ls0 x T$.50 JO.W I .% x 51.00 5!3.01 70:!0 x .'.5J s1.2a 15.0D x MO 3o-t° i A T I 0 4 • , TOTAL LIVABLE (rouncI4 191 IS_ i a CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4217 44141 ; FAX: .co. 352-0242 2 WEBSITE: www.co.weld.co.us 915 10TH STREET WIlD P.O. BOX 758 GREELEY, COLORADO 80632 COLORADO July 17, 2002 PEDIGO KENNETH W & 1340 SETTLERS DR EATON CO 80615 Parcel No.: 080501002011 Account No.: R0105501 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 31, 2002, at or about the hour of 3:30 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 5,2002, and mailed to you on or before August 12, 2002. 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. At least two (2) working days prior to your hearing the Assessor will have available, at your request, the data supporting his valuation of your property. PEDIGO KENNETH W & - R0105501 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 Donald D. Warden, Clerk to the Board BY: �f a�icr..art Carol, Deputy cc: Stanley Sessions, Assessor Hello