HomeMy WebLinkAbout20032597.tiff AUG-l9-03 11:20AM FROM-Bard of Assessment Appeals +303 866 4485 T-33T P.001/016 F-114
PETITION TO STATE E OARD OF ASSESSMENT APPEALS
For Office Dee
Date:
PET171ONER, Charles P RUT nP Docket Nk mber
Namc of Property Owner Y N FEE
3522.ld 12th Street Suites f,'R D Greeley CO 80634 •
skeet Mesons.City,Z'p cone or Subject Property
Cneck No/Credit Card Ns
appeals the decision of the d X County Board of Equalization P F H
County Name _ County Board of Commissioners -
Property Tax Administrator
(check one)
whirl: was dated
•
This appeal concerns; Vs.cation For tax year(s) 2W3
_ R and/Abatement
Ex mption
~_ S e Assessed
(Cheek 0 )
CONCERNING COUNTY SCH RULE NUMBER(S):
If more than one schedule number IS involved,please list on a separate page.
TYPE:OF PROPERTY: This pr petty is currently classified by the County as:
(_ Commercial Residential
(Check One) Agricultural Vacant Land
Personal Other(Specify)
ACTUAL VALUE:
Aaaal value of subject props y for year in question as set by the County$ 4firc Rm 00
I believe the actual value of th subject property should be$ 345,662.00
REPRESENTATION: Please chec appropriate response(s)
Pet tioner will be present at th hearing--
Peotioner requests a teiephon conference call (Petitioner will call on scheduled date at time of hearing.)
Pettioner will be represented y an agent—or a Colorado Attorney
ESTIMATED TIME FOR PETtTI NER TO PRESENT THE APPEAL: 30 Minutes or_ Hours
Not less than 30 minutes. Board will allow equal time to Respondent.
ATTACHMENTS: The following do •ments MUST BEATACHED to your appeal In order for the soard to accept and.
1) the decision being appeal 2) Assessors Notice of Denial OR Notice of Valuation
3) ifan agent is filing or repre enting you a notarized letter of authorization will be needed from the Petitioner
4) .dentify the names and las known addresses and telephone numbers of other parties "directly interested"in the petition
incluc;ng co-owners.
• CERTIFICATE OF MAILING _ Copy to each person Identified In
attachment 4 above
I certLy to the Board of Assessor nt Appeals that I have mailed or hand delivered County Board of Equalization
one complete copy of this appeal',to the lJel d
County Board o(Commissionars
County
in Greer y , Colorado on O8/29/03 .,_ Pro one• holbe
s Administrator
City (check one•should be the same as the
Date decision being�c.��... oppealea)
(Circle C'ne) Agent or Attorney ' Petitioner's Signature
Mailing adotess 3522 W 12th Street. Suite C
Mailing Address
City,Stc:e.Zip Greeley CO 80634
City,Staw,Zip
Telepl cone: Telephone; 970-356-8502
em-ts ester
Daytime number,please
j 1156055
r'/y//ontA/lr f��1 ti_S \\ 2003-2597
��-O� gg.' C' Cali 1
August 16, 2003
Board of Assess ent Appeals
1313 Sherman S et, Room 315
Denver, CO 802
Dear Sirs:
On July 24, 2003 I met with the Weld County Board of Equalization regarding the 2003
evaluation of my roperty located at 3527 W 12th St Suites C & D, Greeley CO 80634. I
feel that the valu4tion is unfair and unjust for the following reasons.
1)New c nstruction comparables:
The asses or's office used new construction as comparables. Photos included in
this pack ge help to show the contrast between this 2003 construction and our 18
year old iji
'Wing. Since our building is 18 years old, it is not worth $130.00 per
square fo t that was projected by the assessor's office. Other reasons that the new
construction offices are not valid comparables follows:
A Our building is a bi-level building rather than street level like the new
co struction. Accessibility is an issue with several of my clients.
B Our building actually faces an alley looking at the rear of a Safeway
st re. Our view is of trucks and trash bins, including individuals shuffling
ough the trash bins.
C Parking is a problem at our building since the city of Greeley would tn t allow us access to the alley way which we face. We have only one
e trance(exit) from our parking lot.
D)Our building is 18 years and does not have open ceilings like the new
c struction,thus less desirability
2) Comparables not used:
I feel that there are other comparables that could have been used,but were not,
including construction closer to the age of my property. Following are a couple
of examp es.
A) 3835 W 10th Street was sold in 2001 for$800,000. The square
foptage of the property is 16,000 which equals $50.00 per square foot.
T 's building is within two blocks of my building.
B 12th 3527 W Street Suites A & B was appraised for$400,000 this
s ing when the building changed ownership. I was not able to secure a
c y of
li
1
.
th appraisal,but the owner Annabelle Canzona gave me the figures.
is is the other 'A of our building. The assessor's office did not access
's information.
3) Incorrect figures and information for the income and expense approach:
At the hering with the county,the assessor's office stated that the building is
leased on triple net basis. This is not true. I pay all taxes and condominium
dues for th suites C & D, in addition to other maintenance costs. Taxes alone
take two onths income. Enclosed are the income and expense statements for
suites C D. These expenses do not include any charge for management of the
property. The income and expense sheets are attached for both suites C & D.
4) Incor ect square footage used:
The asses or's office did not use the correct square footage for our building.
Enclosed s a diagram that shows correct square footage. Both the units, C & D
have he a floor space, 2270 square feet, since the building is bi-level. The
diagram s ows a 270 square foot common area,the stairway. The assessor's
office used 2457 sq ft in their calculations.
5) Repl cement cost of Building:
I spoke 'th a contractor regarding the cost of building a Bi-Level building at
todays co t. He is a builder that has been in business for many years and I trust
his jud nt. His name is Thomas Canzona. He said that the cost to replace the
building ould be as follows.
U stairs : $90.00 per square foot X 2270 sq ft = $204,300.00
D wnstairs $25.00 per square foot X 2270 sq ft = $ 56,750.00
( e downstairs is really just a finished basement)
T TAL COST TO REPLACE Sts C &D = $261,050.00
C mmon areas(1,000 sq ft)conference room
S 'rway 270 sq ft $100.00 per sq foot 27,000.00
T TAL COST TO REPLACE BLDG $288,05Q.00
This concludes y input for correction of the evaluation of'my property at 3527 W 12s'
Street Suites C D, Greeley, CO 80634 for the 2003 tax year.
Thank you for y ur consideration in this matter.
Sincerely,
Charles Butzine
1
AUG-18-03 11:24Aµ FROM-Bgard at Assessment Appeals +303 866 4485 T-337 P.016/016 F-114
APPRAISAL SHEET
Schedule Number: Dior]PS P Butzine
Address: 3527 w 1 4 Stpaet quit,. C R n crpplpy CO 80634
Legal Description o s bject property:
GR 68-C Unit C Bittersweet Boardwalk Conch Situs 3527 W 12th St Ste C Greeley Co 80634
tilt
GR BB-D t D Bittersweet Boardwalk Condo Situs 3527 W 12th St Ste D Greeley CO 80634
The comparable properties are located within the same legal description or a subdivision comparable to the
one in which the subj ct is located. All information regarding the comparable sales was located:
If you do not have th knowledge to fill in the adjustment column, please leave It blank and complete the
description section. ,
Item Su 3ject Comparable 1 Comparable 2 Comparable 3
Schedule No. 338877�
Address 3527 W 12th St 3527 W a & RSt t eelevl�8t34 1750 25th Avenue
Stp.r R n ≥'oeley CO
Name, Legal
description
Sale Price 400,E 800,000
102,000
Detcribe Desc. adjust Desc. adjust Desc. adjust
tor- +ar- +Or_
Date of Sale 06/01/03 2001 05/10/00
SiteNiew Design/Constr. Rri,J�.T
Rrirk Sturm xo _ 6-irk
Age , 18 yrs ,18vrs 28 yrs
211..Yt s
Living area 4540 4500 16,000
1000
Bathrooms 2 4
4_ 2
Bsmt Total
Bsmt Finished
-
Garage/Carport
Fireplaces
Heating/AC Yes
Yes Yes Yes
Other
Net Adjustment +
or. $ +Or- $ +pr. $
Indicated Value 485. 300 400000 $ 800000 $
102,500 $
Indicated Market Value per Comparables
Market Value per Petitioner's Estimate
Total Value
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YEAR END 2002
Property ddress: 3527 W 12th Street Suite C Greeley CO A.
Income
Rents $11,056.50
Expense
Condo Diues $5,148.75
Equipment 2,534.41
Repairs :end Maint 8,783.63
Taxes 5,201.33
Supplies 6,050.45
Utilities 3,178.32
Total Expenses $30896.89
Total Loss $19,840.39
Owners rent 1500 SQ Ft at $12.00 = $18,000.00
Total Loss $1,984.39
1 I
YEAR END 2002
Property ddress: 3527 W 12th Street Suite D Greeley CO
Income
Rents $32,575.00
Expense
Condo D es $5,148.75
Interest xp 1,492.58
Repairs • nd Maint 427.63
Taxes 5,201.33
Total Expenses $12,270.29
Total Profit or Loss $20,304.71
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5) Replacement cost of Building:
I spoke with a contractor regarding the cost of building a Bi-Level building at
today's cost. He is a builder that has been in business for many years and I trust
his judgment. His name is Thomas Canzona. He said that the cost to replace the
building would be as follows.
Upstairs : $90.00 per square foot X 2270 sq ft = $204,300.00
Downstairs $25.00 per square foot X 2270 sq ft = $ 56,750.00
(The downstairs is really just a finished basement)
TOTAL COST TO REPLACE Sts C & D = $261,050.00
Common areas (1,000 sq ft) conference room
Stairway 270 sq ft $100.00 per sq foot 27,000.00
TOTAL COST TO REPLACE BLDG $288,050.00
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