HomeMy WebLinkAbout20052302.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2005, WELD COUNTY, COLORADO - STIPULATE
PETITION OF:
JACOBSEN DAVID G & JULIA D
1055 BASALT CT
WINDSOR, CO 80550
DESCRIPTION OF PROPERTY: ACCOUNT#: R0234595 PARCEL#: 080721425015-WIN
3CS1-15 L15 BLK1 CORNERSTONE SUB 3RD FILING %1055 BASALT CT% SITUS: 1055
BASALT CT WINDSOR 805500000
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 propertywithin Weld County,fixed and made by the
County Assessor for the year 2005, 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 year2005,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 $ 41,000 $ 41,000
Improvements OR
Personal Property 162,667 141,000
TOTAL $ 203,667 $ 182,000
WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld
County Board of Equalization.
2005-2302
AS0061
CC' : 4S/Cam- 0 W i� a�-
RE: BOE - JACOBSEN DAVID G & JULIA D, R0234595
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, 2005.
BOARD OF COUNTY COMMISSIONERS
���� WELD COUNTY, COLORADO
ATTEST::�L ��'//v 1# IE �� ' /7'
,i William H. Jerke, Chair
Weld County Clerk to the •ar.... w
is6� C a4 XCUSED
-(° �/ ♦♦♦ n �j . J. Geile, Pro-Tem
BY: ((?,d7 o,-Ti
Deputy Clerk to the Bo: C`� -A EXCUSED
vid E. L n
APP AS TO F .
Robert D. Ma
/ stant ounty Attorney �.� �he
As�L
Glenn Vaad
VDate of signature: 6
2005-2302
AS0061
2005
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
ASSESSOR'S ACCOUNT NUMBER R0234595
STIPULATION (As To Tax Year 2005 Actual Value)
RE PETITION OF
NAME: DAVID G & JULIA D JACOBSEN
ADDRESS: 1055 BASALT CT
WINDSOR, CO 80550
Petitioner(s), David G & Julia D and the Weld County Assessor, hereby enter into
this Stipulation regarding the tax year 2005 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:
1055 BASALT CT
WINDSOR, CO 80550
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 2005.
Land $ 41,000
Improvements 162,667
Total $ 203,667
4. After further review and negotiation, the petitioner(s) and Weld County Assessor
agree to the following actual value for the subject property.
Land $ 41,000
Improvements 141.000
Total $182,000
2005-2302
5. The valuations, as established above, shall be binding only with respect to tax
year 2005.
6. Brief narrative as to why the reduction was made: OWNER PROVIDED
APPRAISAL.
7. Both parties agree that the hearing scheduled before the Weld County Board of
Equalization on at be vacated; or, a hearing has not yet been
scheduled before the Board of Equalization x (check if appropriate).
DATED this 8`h day of July, 2005.
itioner(s),dr Attorney Petitioner(s) or Attorney
Address: Address:
/o%s5- /4.s/I
1C Telephone: a G - Telepho e:
oun y Asse sor
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970) 353-3845 ext. 3656
NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR
1400 NORTH 17th AVE.
/ n WIN 3CS1-15 L15 BLK1 CORNERSTONE GREELEY,CO 80631
i C SUB 3RD FILING %1055 BASALT CT% PHONE(970)353-3845,EXT.3650
80550000055 BASALT CT WINDSOR www.co.weld.co.us
WILD�. OWNER: JACOBSEN DAVID G & JULIA D
COLORADO •
JACOBSEN DAVID G & JULIA D LOG 2556
1055 BASALT CT PARCEL 080721425015
ACCOUNT R0234595
WINDSOR, CO 80550 YEAR 20105
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:
•
Your property has been uniformly valued following Colorado law and instructions
published by the State Division of Property Taxation. Your protest of value has
been denied due to comparison of other similar properties which sold during the
2003/2004 time period. This comparison shows your actual property value to be
correct for that period.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
• OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
RESIDENTIAL 203667 203667
•
•
TOTALS $ $ 203667 203667
APPEAL DEADLINES: REAL PROPERTY-JULY 15,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. Please see the back of this form for detailed information on filing your appeal.
By: Stanley F. Sessions 06/23/2005
WELD COUNTY ASSESSOR DATE
ADDITIONAL INFORMATION ON REVERSE SIDE
PR-207-87/03
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 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
NOTIFICATION OF HEARING:
You will be notified of the time and place set for the hearing of your appeal.
COUNTY BOARD OF EOUALIZATION' S DETERMINATION:
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 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.
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 12.
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
necessary. ,// , I //
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PR-207-87/09
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A SINGLE FAMILY RESIDENCE
LOCATION :1055 Basal Coup
Wuxlsor CO 80550
CLIENT :Individual
AS OF DATE :05/31/2004
APPRAISER :Peter Stewart,Cent.Res-Appr.
Accurate Appraisal and Review Services
itFannieMae Desktop Underwriter Quantitative Analysis Appraisal Report
?irk No. 050523P1
1M15 3I:MMAAY AYFRA15AL.IMMO IS INIEhI3TA FOR U5E DY TIIE teL`mERCT.ITI'TT FOR A MORTGAGE FINANCE IT4ANSACQOPa(H`LY.
Properly Airiness 1055 Basalt Cart coy Windsor sus. CO zip coat 80550
Lem Deteripnm LW 15,Bbd 1,Cornerstone St1 3rd Fimg corny Weld
A.ae..re Panel No 0801-21-4-25-015 T.Yew 2003 RE Tames 1,495.88 spaui Assessments$ NIA
aa.o... Jacobsen,Jtia&David (-rra.0. Same a cup.l ! X O.= Tenant v.e.a
3:erphbwhad or Pnaet Nitre Conersrone Hopect Type L -- PUD [ end..... Irons N/A IA.
s.k.P.iees WA u.4.re84. N/A DemoIs....fd lam d.ra/.aa. .o..tobepadby.I. WA
Prmate rights o.uced X Pee Sam le I Lean% Lim Rdamce DRC0 3 Coma Tract 0QZ2,Qe
Note:Race and the renal c mpae.m otela atelanbahoad we not swami!farm. .
tocg.m Urban I X_suburb= __Rurr 1Hop••ty yaws Inuea.& X Stable IM Biala .deers 1cr 1}.tram
PIdCX AWL PRaNsr AGUE
Burk p X Ow 15% , 29-79% 1111,.29% �ermkmWP* Shorts,. X Inhale we _Over supply s(a.ol bn) s(aaol 0++1
vrpwth rote Roed ' X MAW Stow pket.atine X Under 3 awe. X 3-ammo Ow 6.ce 125 Low New N/A Loa N/A
Ndphberhood hamdnie, The s tject area is bordered by Mail Sheer to the north,Hwy 257 to the east,Eastman Pats Drive to 350 shah 25 N/A thole N/A
the south and 7th Sheet to the nest eacas.a,.a pminnaog
185 5 WA N/A
.D.eo Trot available per pobic records Site Are. 9.000 StFt sh,.begllar
Specific rating or.,r.,a,one deecp,oro____SET-SngiP Farty Residential
bR.Eencoepliatce ,X LOAM I_._..Leal nmcordormaag(catadhhevd urea Mewl.mach dnttpticn No toning
IW1rea.d bed task of nthirt.ropwty a.gated((r ex o.wo.d vu PIKw.pd We ioLno,l: X Present use L Odder use,mach da+aW._
VINO. Public Other Pub. (the. Off h..kuprrv.em..t. Type Rade Private
Fleeneh X Water 1X- Street Asphalt LX_
a . X s.a<serwer I X Alley Nixie
X
rs...a.)mat f physical ar..e-ta.+k.*of prwa wa ty: in , .d vacs.espen.r F.., X xfenes althea,.froth pin.mime X oevwn..pue.r ek,
{X MLS X Aasm.d and lass records Hie ppaaw. Property owner Other(D.scrb.J
No of Stories Iwo Type(Det./Aw) Detached Pstnior Walk FR BV Roof se., Composition Minutia-oral Huang Yrs X No
Dir dv worsts,ewxe*confession the W:.bknt.ed in teat rigs*condos.ad n.un.pt.m r.onf{I: X Yet Sit don aced,dccr.ao.a
Areas..err.pare phy.eal talkie.4.or cmdew.that would mkat the.o.adnrea or ono tuna.septy of t1:npr.w.ents or the Iivmikry of the pa oputs''
Yee . X No If Yes,Vaeh desert...
Amt...7 e.pr•...We've mrvonmenral.mdrs.ww mod..saes.task..buts,.etc I pre...n th.moron mente on the.ft,oe m the.medi...ia..oy of the oA0.,3 pnp.ty7
Iye. , X No If Yn,attach 4aerMINp.
I researched the wsbtect math..o.for cmrperabk Ii.nojo and sake that ere the rate seat.and...ate to the ooblect property.
My resew.,ro.eded a total of 1.ales nrpPta n.ale,pm.Ito. 3 164,900 to s 192,500.
My.e>a.b resealed a total of 3 lagssps r.E.rg et k.prat 1.n s 179,900 to s 189,900
Ibm ohs■of the coos die aka Wow r.4acw.meta steam m to ad random s=rand bstwem the m.a'-., me mined.moon
FEATURE. If Stlttit'T SALE I SAID.2 SALE 3
1055 Basalt Cart 230 Sandstone Court 1037 Pinyon Drive 914 Confer Court
Adana Windsor,CO j W idsar,CO Windsor,CO Windsor,CO
Pr.xto.(y w Stpteet 0.06 MI SSW 0-85 MI W 0.93 MI WNW
salesPr'« s N/A 1s 182,50W is 180,00, Is 182,500
Price'Obcee I.Arc. I Oh 133.21E _is 117.96E s 115.84E I
E.,„...,Vseicetim Sarre MLS 1'369118 MLS 1398178 MLS#349975
VAIAne AOJUSTMF7.7S DlbSCRIiRON DFSCRIPITf7N '(.3Adp.wrtwd DESCRIPTION '(•Skthintthml DIISCH1PTiON •I-tAdp.ame.
Saks or Foam.p CV 0 pis CVO pus F isA 0 pis
Conc... D(1M 183 DOM 85 (XJM 98
I3u orsawwrtt. NIA CD 10.31.2003 CD 4-29.2004 CD 12-31-2002
Location Cornerstone Cornerstone Mountain View rot a4 Grove Park no erg
sit. 9,000/Typical 7,000Rypical nom! 7,600/Typical In a4 7,500fltpical no Al
vie.. Typical Street Typical Street Typical Street _-.-.. Typical Street
llpaw(Sly*; 2-Writ/Average 2-Slory/Aven3ge -.._ ._.—_- 2-StoryfAverage -......_...--.-
Aural Ape(Yre.) 9(1995) 9(1995) 16(1987) 9(1995)
casaba. Average Average Average Average Above Grade Taal j Hamm Total RPMstem. n. ow Team Ban. th.
Rode Caine 31 ue2.50 3� 2.5d Bran rotate!Haa3I B 2.00 500 7I 3I Baths
2
Gaon L..rg Area 1,516 Sq.FY 1,370 stilt. 4,120 1.526 sq}Y no adj 1.576 sq.e.
e..er.ed a Velvet. 424 square feet 720 square(eel 1,800 660 square feet -1,400 822 square?set -2,400
Rt.v.ate«neat 5076 Fklished 096 Flushed 1,700 50%Fkllshed -1,000 0%Finished 1,700
G+ape+0.rp.t ?Attached2/Attacfied 2/Attached 2/Marilee
Fireplace 1-Fireplace Nate 1,000 1-Fireplace None 1,000
Sprireder system Stut*lersystem None 1,500 None 1,500 Sp_iidersy9em ---_.. .-.
Na mi.(ta.tl x . - 6.520 I.__. Lx_. -400 X , i 300
Mimed sales Price • . 357%c No -0.22%Net 0.16 se Net
ofCatp.ablee 5.55%ay. 189,020 2.44 Boor. s 179,600 2.79%oa 182,800
Doe of Pala sale No sale in the weenie No other sale n We previous No other stile ion the menus No other sate in the prevous
Price of Prix.Sat. s 36 moths. ,s 12 months ,s 12 months. $ 12 months.
Arayaw dNI,newt opranent area,curia..heap of the.#lees property nil.ayes sidle prior n6 of wbyct end comparak. The Sit ea property has net said MX*
die last 3 years.Per owner and avaia(ble data sources,the subject has n ct bees bled rifii the Last 12 months.
Sr.mmy dale.cowp.roo..d value conduces SEE ADDENDUM
Thu worms.is mode X 't.-e. L..-whq.er to completion per pa...d yam atiau on the bawd a bypdlwicel condition drat the ma-mam .Mae been completed,or
I nrbrect to Bee(iiio.ga maim t►ireiQg R a.odhipne.
BASED ON Ale X LXTLRIOR MILTS 7110N FROM TILE PUBLIC STREET OR AN INTERIOR AND ULTERIOR INSPECTION.I YTf 1MAl e.rum mans=VAIJ.r.
, AR Dart NFll OPTIC(REALPHOPLHT,'MmLT IS 1110 str>VlreT(IF TFIIS RrPORT TO as S 182.000.As OF 05/31/2004
Fenn Mae Desktop I'ndcwrter Appraisal Report PAGE 1 OF 3 Fame Mir Fem.206i 546
®Accurate Appraisal and Review Services IONHi�Ey
Desktop Underwriter Qvantitative Analysis Appraisal Report Fin No. 050623P1
Praheet I afamistime far net Of me risk)--lt the drvdcperibuilder n ccmnl of the time Umlaut'Ammar.,MA IR -Ye. No
Provide the folio era,rfmn, ,m for MDT only tfe i de vdrye a/b,rder a control of do t10A.d the wb,e property prope y,.no attached dwelling one
Total masher al-phases Tod]nuance of em Thai darter oroans(old
Total number duets rented Taal author of ma for nob Dr,Stomata)
Wes eie pr projectmimedby the comma dwdlk6 Wiley liar a PUP? L .
_Y. I...Na If yet.date of referential
Das the pealed cantata my rilidselhoo unto? _ L: Yes No Dot SmarmAre the cams=demean ere plied? P Yen . .No 1fNo.d s man otco ins ias: ---
r-
Are artyre ant ekmeres leased to or by the Harm Omen'A.so ies? _ Yes L_.No If yes.Mach.ddadan dmirbng rental tense eel optima
Drape arrest derneda and recrar,mal fectitret:
Project Information for Condominiums (if sop li Mk)••Is the&velment:miler in comet tithe Ham Osman'Atearatiwr(tiOA)? .. Y. I.....No
Provide the fdiorng adermatim for as(orrdaraman Protests
Taal amber althea= Tot mrdter of aces Total amber aerate mil
Tout archers of men rimed Tout nmiie of tnia£a sale Dees Sraecef.)
wt.the prated cr.Kd by the cmversrea ti°abatt',Widaeb iato r raudaks um? 1_Ye. Frio . Nye.*Rotcmverinn _
rtnyen ripe. L._ tt°u`y lt rdece Sacra tfoeoe or Rea-Mame! I Palm(Tweiore ! OMANI 7.....e I mini. i_.
Cmaim d der arajst,party of cooavttroet.e emc.sec.
.Are the carom rtmado completed? Yee Na Ingo.describe MIN ref
Are cry cmmm dart.Meted a by de Ham Owner Av«ieim7 i Y. I. _No Ify en reach addendum deoan.tg meal terms red oproa
Desalt.comma chateau and recreational thrills:
PURPOSE OF APPRAISAL: The purpose of this appraisal is to estimate the market value of the real property that is the subject of
this report based on a quantitative sales comparison analysis for use in a mortgage finance transaction.
DEFINITION OF MARKET VALUE: The moat probable price which a property should bring in a competitive and open market under
all conditions requisite to a fair sale,the buyer and seller.each acting prudently,knowledgeably and assuming the price is not affected by
undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer
under conditions whereby:(I)buyer and seller are typically motivated;(2)both parties are well informed or well advised,and each acting
in what he considers his own best interest;(3)a reasonable time is allowed for exposure in the open market;(4)payment is made in terms
of cash in U.S.dollars or in terms of financial arrangements comparable thereto;and(5)the price represents the normal consideration
for the property sold unaffected by special or creative financing or sales concessions'granted by anyone associated with the sale.
*Adjustments to the cosreparables must be made for special or creative financing or sales concessions. No adjustments are necessary for
those costs which are normally paid by sellers as a result of tradition or law in a market area;these costs are readily identifiable since the
seller pays these costs in virtually all sales transactions.Special or creative financing adjustments can be made to the comparable property
by comparisons to financing tams offered by a third party institutional lender that is not already involved in the property or transaction.
Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of
any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment
t
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the
following conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it The
appraiser assumes that the title is good and marketable and.therefore,will not render any opinions about the title. The property is
appraised on the basis of it being under responsible ownership.
2. The appraiser has provided any required sketch in the appraisal report to show approximate dimensions of the improvements and
the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraises determination
of its size.
3. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless
specific arrangements to do so have been made beforehand
4. The appraiser has noted in the appraisal report any adverse conditions(such as,but not limited to.needed repair,the presence
of hazardous wastes,toxic substances,etc.)observed during the inspection of the subject property or that he or she became aware
of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report,the appraiser has
no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions(including the presence of
hazardous wastes,toxic substances,etc.)that would make the property more or less valuable,and has assumed that there are no such
conditions and makes no guarantees or warranties.expressed or implied,regarding the condition of the property. The appraiser will
not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether
such conditions exist. Because the appraiser is not an expert in the field of environmental hazards,the appraisal report must not be
considered as an environmental assessment of the property.
5. The appraiser obtained the information,estimates,and opinions that were expressed in the appraisal report from sources that he
or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy
of such items that were furnished by other parties.
6. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional
Appraisal Practice.
7. The appraiser must provide his or her prior written consent before the lendedclient specified in the appraisal report can distribute
the appraisal report(including conclusions about the property value,the appraiser's identity and professional designations,and
references to any professional appraisal organizations or the fern with which the appraiser is associated)to anyone other than the
borrower;the mortgagee or its successors and assigns;the mortgage insurer;consultants;professional appraisal organizations;any
state or federally approved fmancial institution;or any department,agency,or instrumentality of the United States or any state or the
District of Colwnbia;except that the lender/client may distribute the report to data collection or reporting servien(s)without having to
obtain the appraiser's prior written consent The appraiser's written consent and approval must also be obtained before the appraisal
can be conveyed by anyone to the public through advertising,public relations,news,sales,or other media.
8. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to completion per plans
and specifications on the basis of a hypothetical condition that the improvements have been completed.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to completion,repairs,
or alterations on the assumption that completion of the improvements will be pa-formed in a workmanlike manner.
Form's Ms Ihdtop Underarms Appetite!Report PAGE?OF 3
Foam Mae Fans zone wad
Deskto Underwriter antitative An sis A raise'Re rt Fik No 050523P1
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I performed this appraisal by(1)personally inspecting from the street the subject property and neighborhood and each of the
comparable sales(unless I have otherwise indicated m this report that I also inspected the interior of the subject property);(2)collecting,
confirming,and analyzing data from reliable public and/or private sources;and(3)reporting the results of my inspection and analysis
in this summary appraisal report. I further certify that I have adequate information about the physical characteristics of the
property and the comparable sales to develop this report
2 I have researched and analyzed the comparable sales and offerings/listings in the subject market area and have reported the
comparable sales in this report that are the beet available for the subject property. I further certify that adequate comparable market
data exists in the general market area to develop a reliable sales comparison analysis for the subject property.
3. 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 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,have considered these adverse conditions
in my analysis of the property value to the extent that I had market evidence to support them,and have commented about the effect
of the adverse conditions on the marketability of the subject property. i have not knowingly withheld any significant information from
the appraisal t and I believe,to the hest of my knowledge,that all statements and information in the appraisal report are true and
correct
4. 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 limiting conditions specified in this form.
5. I have no present or prospective interest in the property that is the subject of 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,age,marital status,handicap,familial 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 or on any other basis prohibited by law.
6. 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 properly.
7. 1 was not required to report a predetermined value or direction in value that favors the came 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
compenstion 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.
8. I estimated market value of the real property that is the subject of this report based on the sales comparison approach to value.
I further certify that I considered the cost and income approaches to value.but.through mutual agreement with the client,did not
develop them,unless I have noted otherwise in this report
9. I performed this appraisal as a limited appraisal,subject to the Departure Provision of 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 the place as of the effective date of the appraisal(unless I have otherwise indicated in this report that the appraisal is a complete
appraisal,in which case,the Departure Provision does not apply).
1(1.1 acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value.
The exposure time associated with the estimate of market value for the subject property is consistent with the marketing time noted
in the Neighborhood section of this report The marketing period concluded for the subject property at the estimated market value is
also cansiatent with the marketing time noted in the Neighborhood section.
1 I.i personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. I further certify
that no one provided significant professional assistance to me in the development of this appraisal.
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 examined the appraisal report for compliance with
the Uniform Standards of Professional Appraisal Practice,agree with the statanenta and conclusions of the appraiser,agree to be bound
by the appraisers certifications numbered 5 through 7 above,and am taking full responsibility for the appraisal and the appraisal report.
APPRAISER: __ 1 SUPERVISORY APPRAISER(ONLY IF REQUIRED):
Signature: Pe,Sa,14 Signature:
Name: Pete Stewart,Cert.Res.Appr. Name:
Company Name Accirate Apprasial and Review Sa ire Company Name:
Company Address: P.O.Box 1867 Company Address:
Loveland CO 80539
Date of Report/Signature: May 23,2005 Date of Report/Signature:
State Certification#: CR01324007 State Certification#:
or State License#: or State License#:
State: CO State:
Expiration Date of Certification or License: 12131/2006 Expiration Date of Certification or License:
ADDRESS OF PROPERTY APPRAISEI): SUPERVISORY APPRAISER
1055 Basalt Can
Vehrtdsor CO 80550 Weld
Did PROPERTY
Did not inspect subject property
APPRAISED VALUE OF SUBJECT PROPERTY S 182,000 Did inspectexterior of subject property from Street
EFFECTIVE DATE OF APPRAISAL/INSPECTION TION 05/312001 Did inspect interior and exterior of subject property
COMPARABLE SALES
LENDER/CLIENT: Did not inspect exterior of comparable sales from street
Name: Did inspect exterior of comparable sales tinin street
Company Name: ktdisidual
Company Address:
Fair Moe UMtop ehrdrooratr Appraket Reps/ PAGES OF I From,Mae Form 205'0.96
TEXT ADDENDUM File No. 050523P1
Borrower: Jacobsen, Julia&David
Property Address: 1055 Basalt Court County:Weld
City:Windsor State:CO Zip Code:80550
Lender: Individual
Neie bodieod Commas
The subject area is located in the southeast portion of the city of Windsor. The area consists mainly of single family detached residences
on typical sites with sane 2-4 family residences than-fancy residences and some commercial property as well. The commercial
ercal
property is in the form of small reta shops thing establishments and professional often. The commercial property is located on the
perimeter of the neighborhood and is considered complimentary in nature,having no adverse impact on marketability. Schools and
shopping services are evadable within one nine Access is typical
Sumner,of sales cowionmt and value conclusion:
Ai comparables are considered similar to the subject in size,style.utility.location and markeahiity. A4ustments are made @$&square
foot for below grade area and @ SS/square foot for below grade finish.
Comparable 2 is adjured for the subject's additional ballroom uatiy.
Comparabes 1 and 3 are adjusted for the market preference of the subject's fireplace.
Comparables 1 and 2 are alusted far the racket preference ofthe subject's automatic lawn spdnWa system.
RA comparables are considered representative of the subject and are weighted accmdngly in the final value conclusion. The subject
appears to have average markeabilty within a time frame of 1-6 months under cment market conditions. Personal property is not
included with the tights of the real property appraised
General Cannon
This report is prepared to assist the hone earn in the determination of taxes as of the dates specified.
SUBJECT PHOTOGRAPH ADDENDUM 050523P1
Borrower Jacobsen,liia 8 David
Property Address 1055 Basab Coin
sty Windsor County Weld State CO Zip Code 80550
Lender kMaidual
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COMPARABLES PHOTOGRAPH ADDENDUM 050523P1
Borrower Jacobsen,Juba&David
Property Address 1055 Basalt Can
City Windsor County Weld State CO Zip Code 80550
Lender IIIdVldual
AN
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Jaar COMPARABLE SALE NI
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2305arMlslaleCourt
Windsor,CO
I Dam ofSale. CD10-31-2003
vr� Sale( _tc _ 182,500
two, Sy.Ft 1,370
�� " S Sg Ft 133.21
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COMPARABLE SALE N2
1037 Piiyon Dnve
Windsor,CO
Date of Site CD 4-29-2004
Salt.Price 188000
Sy PI 1.526
— — St Sy Ft 11796
•
COMPARABLE SALE N3
914 Confer Court
VNakor,CO
WI Date of Sale CD 12-31-2002
Sale Pnce 182,500
Sq.Po. 1,576
.: Sy.Ft. - 11580
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LOCATION MAP ADDENDUM Fee No 050523P1
Borrower Jacobsen.Lfa&David
Rapaty Acidities 1055 Basalt Cwt
City MitsOr County Weld State CO Zip Cade 80550
Lender Ynfeidual ,gpny
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Prepared by Accurate Appraisal and MEOW Services(970)967.9518
COMpAR*$LE SALES iNfOliMATION
Adding 230 SANDSTONE CT
Me OPSYe CD 10-31-200 Us Pact 182.500
Rom Caae-TOY Rooms __aMvem 3 !t 2.50
ones Ting Are 1,370
Prmmes to Bonen 0.06 MI SSW
C91ll1Yt*ssat 2
Nitta 1037 PINYON OR
Da earSNe CD 9-29-2009 sic Pare 180,000
Ram Caen•Teat Roca omr 3 Pubs 2.00
Gnus lagers 1,526
Pm:miicSawn 0.85 MI M
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anew 919 CONIFER CT
Date of Sae CO 12-31-200 9m Price 182 500
Ram ems-Tate Rem 7 Mama 3 e .. 2,50
Omart amales 1.576
PROMOS!eeeea4 0.93 MI SEM
Accurate Appraisal and Review Services
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