HomeMy WebLinkAbout20012038 RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2001,WELD COUNTY, COLORADO - DENY
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
PETITION OF:
MAJORS DALE L
2911 GRANDVIEW DR
GREELEY, CO 80631
DESCRIPTION OF PROPERTY: ACCOUNT#: R3334286 PARCEL#: 096109300021 -
12316 PT L6 NW4SW4 9 5 65 BEG AT PT 90' E OF W LN L6 N100' E150' S100' W150' TO
BEG%207 E 18TH ST%
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 2001, 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 2001, claiming that the property described in such petition was assessed
too high, as more specifically stated in said petition, and
WHEREAS, said petitioner being present, and
WHEREAS, the Board has made its findings on the evidence, testimony and
remonstrances and is now fully informed.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, acting as the Weld County Board of Equalization, that the evidence presented at
the hearing clearly supported the value placed upon the Petitioner's property, after review by
the Weld County Assessor. Such evidence indicated the value was reasonable, equitable, and
derived according to the methodologies, percentages, figures and formulas dictated to the Weld
County Assessor by law. The assessment and valuation of the Weld County Assessor shall be,
and hereby is, affirmed as follows:
2001-2038
PC
t� AS ( A PNctieto AS0049
RE: BOE- MAJORS DALE L
Page 2
ACTUAL VALUE
AS DETERMINED
BY ASSESSOR
Land $ 14,063
Improvements OR
Personal Property 18,437
TOTAL $ 32,500
BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board
of Equalization may be appealed by selecting one of the following three options; however, said
appeal must be filed within 30 days of the denial:
1. Board of Assessment Appeals: You have the right to appeal the County
Board of Equalization's (CBOE's) decision to the Board of Assessment
Appeals (BAA). Such hearing is the final hearing at which testimony,
exhibits, or any other evidence may be introduced. If the decision of the BAA
is further appealed to the Court of Appeals, only the record created at the
BAA hearing shall be the basis for the Court's decision. No new evidence
can be introduced at the Court of Appeals. (Section 39-8-108(10), CRS)
Appeals to the BAA must be made on forms furnished by the BAA, and
should be mailed or delivered within thirty (30) days of denial by the
CBOE to:
Board of Assessment Appeals
1313 Sherman Street, Room 523
Denver, CO 80203
Phone: 866-5880
OR
2. District Court: You have the right to appeal the CBOE's decision to the
District Court of the county wherein your property is located. New testimony,
exhibits or any other evidence may be introduced at the District Court
hearing. For filing requirements, please contact your attorney or the Clerk of
the District Court. Further appeal of the District Court's decision is made to
the Court of Appeals for a review of the record. (Section 39-8-108(1), CRS)
OR
3. Binding Arbitration: You have the right to submit your case to arbitration.
If you choose this option the arbitrator's decision is final and your right to
appeal your current valuation ends. (Section 39-8-108.5, CRS)
Selecting the Arbitrator: In order to pursue arbitration, you must notify the
CBOE of your intent. You and the CBOE select an arbitrator from the official
list of qualified people. If you cannot agree on an arbitrator, the District Court
of the county in which the property is located will make the selection.
2001-2038
AS0049
RE: BOE - MAJORS DALE L
Page 3
Arbitration Hearing Procedure: Arbitration hearings are held within sixty
days from the date the arbitrator is selected. Both you and the CBOE are
entitled to participate. The hearings are informal. The arbitrator has the
authority to issue subpoenas for witnesses, books, records, documents and
other evidence. He also has the power to administer oaths, and all questions
of law and fact shall be determined by him.
The arbitration hearing may be confidential and closed to the public, upon
mutual agreement. The arbitrator's written decision must be delivered to
both parties personally or by registered mail within ten (10) days of the
hearing. Such decision is final and not subject to review.
Fees and Expenses: The arbitrator's fees and expenses are agreed upon
by you and the CBOE. In the case of residential real property, such fees and
expenses cannot exceed $150.00 per case. The arbitrator's fees and
expenses, not including counsel fees, are to be paid as provided in the
decision.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 27th day of July, A.D., 2001.
BOARD OF C UNTY COMMISSIONERS
�j7,,��� ���� WELD CO Tyr, COLORADO
ATTEST: '6�b tel /D'(/// 1.lI air
M. J. Geile, C it
Weld County Clerk to the Board
p,,,,1
Glenn Vaad, Pr - en
BY: 4,,l
Deputy Clerk to the Board , t'
Will' H. Jerke
APPR• 4Ti AS T RM:
D vi . Long
n A Attorney
Robert D. Masden
2001-2038
AS0049
NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR
��6 �' 1400 EELEH C 17th 0631
iiV`{ C ` t.i) 1 :JT 12316 PT L6 NW4SW4 9 5 65 BEG AT GREELEY,CO80631
� s PT 90'WE50F TOLBEGg2070E 18TH0ST% PHONE(970)353-3845,EXT.3650
III`Pe 'IS 1 Pt1 E: 117
•
COLORADO ;-IC�'-_ `,,;_j OWNER: MAJORS DALE L
MAJORS DALE L LOG 2926
2911 GRANDVIEW DR PARCEL 09610930002
ACCOUNT R3334286
GREELEY, CO 80631 YEAR 2001
The appraised value of property is based on the approptiate consideration of the approaches to value required by law. The Assessor has determined that
your property should be included in the following category(ies):
Commercial property is valued by considering the cost , market, and
income approaches .
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:
A 1982 Colorado constitutional change requires commercial property to be valued
based on the 2000 level of actual value and assessed at 29-s . Replacement cost,
market, and income are approaches used to determine the actual value of your
property. Your valuation is supported by the appraisal procedures required by
law.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
COMMERCIAL 32500 32500
TOTALS $ $ 32500 $ 32500
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. Please see the back of this form for detailed information on filing your appeal.
06/26/2001
By: Stanley F. Sessions
WELD COUNTY ASSESSOR DATE
15-DPT-AR
Ge ,
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 2 and continuing through August 6 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 compleated 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
NOTIFICATION OF HEARING:
You will be notified of the time and place set for the hearing of your appeai.
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 6.
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.
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, C.R.S., YOU MUST STATE YOUR OPINION OF-V�ALUE IN TERMS OF A SPECIFIC DOLLAR
7
AMOUNT. Attach additional documents as necessary. he va{ e e 't-G.t s 'r,Ic) G 4S vc,;
at $' a S7,9y. r4%r oh/ ,r���'� he quires ce-,.�s
"IcaS...r hepa �r. Si _ k" c,/:.V
ca GtUWu GM174 , (J
S16NAIUKh t-)preeNt_\IP / -0 /
DA t
Weld County
STANLEY F. SESSIONS COUNTY ASSESSOR
MICHAEL SAMPSON, CHIEF APPRAISER
ASSESSOR'S VALUE REPORT
OF
COMMERCIAL PROPERTY
FOR
County Board of Equalization
MAJORS DALE L
PETITIONER
VS.
WELD COUNTY ASSESSOR'S OFFICE
RESPONDENT
Parcel Number: 0961-09-3-00-021
Schedule Number: R3334286
Log Number: 2926
Date: 07/27/01
Time: 11:00 am
Board: OBOE
PREPARED BY
CHUCK JACK
Signatu� / Date
Signature Date
ASSESSOR'S OFFICE STAFF APPRAISER
CBOE_COMM_010998
Pape 1
SUMMARY OF SALIENT FACTS AND CONCLUSIONS
Purpose of the Appraisal: Estimate market value June 30, 2000 .
Property Rights Appraised: Unencumbered fee simple interests .
Property Address : 207 E. 18th STREET, Greeley, Colorado
Improvement: SERVICE GARAGE
Land size: 15, 000 square feet
Zoning: Industrial
Assessor' s Value: 2001
Land Value: 14, 063
Imps Value: 18, 437
Total Value: 32,500
Highest and Best Use: Present use as a SERVICE GARAGE.
Size of Improvements: 1ST FLOOR WAREHOUSE: 1, 372 square feet
Year of construction: 1953
Effective Age: 30 years
Remaining Economic Life: 10 years
Estimated Land Value: $14, 063
Estimate of Value:
Cost Approach
Land Value: 14, 063
Improvement Value : 19, 690
Total Value Rounded: $33, 753
Sales Comparison Approach: $41, 000
Income Approach: $34, 500
Final Estimate of Value: $32 ,500
Date of Value: June 30, 2000
•
SUBJECT PHOTO'S
S.E. ELEATIONS FROM E. 18th STREET
PW7.yp jk %Aj34a' y " *iF ti§'¢.G
i C.yk La i
I' _
•
r "n
S.W. ELEVATIONS FROM E. 18th STREET
. .�
vim
•
•
SKETCH/AREA TABLE ADDENDUM
Case No R3334286 File No 096109300021
Property Address 207E 18 ST
City WELD County WELD State 0 Zip 00000-
Borrower MAJORS DALE L
Lender/Client
Appraiser Name -
Service garage
Blt 1953
Class C
forced air
12'-14' wh
20.0' 29.0'
U
12' wh 14' wh
560.0 sf 812.0 sf 28.0'
(2) 10 x 10 oh doors
I J
49.0'
Total sq ft 1 ,372.0
Scale: 1=12
AREA CALCULATIONS SUMMARY BUILDING AREA BREAKDOWN
Code Description Factor Size Perimeter Totals Breakdown Subtotals
GBAE First Floor 1.00 812.00 114.0 First Floor
First Floor 1.00 560.00 96.0 1372.00 28.0 x 29.0 812.00
20.0 x 28.0 560.00
•
•
•
•
2
Q
J
U
J
Q
U
W
TOTAL BUILDING (rounded) 1372 2 Areas Total (rounded) • 1372
APEX SOFTWARE 8IX4068-9968 Ay71 WwM..11
4
•
LAND SALES SUMMARY SHEET
Sales
Sale Date of Sales Price Area Price/
No. Grantor/ Grantee Sale In per Sq. Zoning
SQ.FT. Ft.
Subject Dale L. Majors Assessors
204 E 18th St -- Value 15, 000 $0.94 IND
Greeley, CO $14, 063
#096109300021
1 Dellenbach/Auto Prop
707 6 St 06/22/98 $65, 000 30, 000 $2 .17 IND
Greeley, CO
#096105302004
2 Union Pacific RR/
T. Gebbie 10/15/99 $58, 622 33,498 $1. 75 IND
611 8th St
Greeley, CO
#096105313008
3 Stoll/Delafuente
128 13th Ave 12/10/98 $12,500 8,385 $1.49 IND
Greeley, Co
#096106110005
4 Vawter/Troudt
2132 4th Ave 12/17/97 $32, 500 18, 270 $1 . 78 COM
Greeley, CO
#096117103007
5 Schreiber/Atomic
2551 7th Ave 01/24/97 $29, 000 13, 500 $2.15 COM
Garden City
#096117312023
Subject Site
The Subject site is a 15, 000 square foot rectangular, level,
industrial zoned, interior lot with fair accessibility to Hwy 85 .
The comparable land sales range from $1 .49 psf to $2 . 17 psf. The mean
of the sales is $1 . 87 . The median is $1 . 78 .
As a result of the land sales study, a value of $0 . 94 psf has been
adopted as •being applicable to the suject land area or $14 , 063 .
5
WELD COUNTY ASSESSOR
Account#: R3334286 PROPERTY PROFILE Parcel#: 096109300021
MH Seq a: MH Space:
Building#: 1 Condo SF Condo% Land: Condo% Bldg: Landscaping QuaV$
Property Type: Commercial 0 1 Average $0.00
Quality: Average Nbhd: 6903
Occupancy: Service Garage
Condition: Average Nbhd Ext: 00
Perimeter: 160 Nbhd Adj: 1
Percent Comp: 100.00%
Individual Built As Detail
Built As: Service Garage Year Built: 1953
Construction Type: C Year Remodeled:
HVAC: Forced Air % Remodeled:
Interior Finish: Adj Year Bit: 1953
Roof Cover: Effective Age:
Built As SF: 1372 Mh Make:
#of Baths: Tag Length/Width: X
# of Bdrms: Tag Length/Width: X
#of Stories: 1 Mh Skirting LF:
Story Height: 14 MH Skirting Type:
Sprinkler SF: Diameter:
Capacity: Height:
Building Details
Bldg#: 1
rTaM 3.,.n. 5(t
Concrete Slab Average 2900 $2.36 $6,844.00
Value Details
RCN Cost/SF: $47.69 Design Adj%: 0 Func Obs %: 0
Total RCN: $72,275.00 Exterior Adj%: 0 Econ Obs %: 0
Phys Depr%: 0.72 Interior Adj %: 0 Other Obs%: 0
Phys Depr$: 52585 Amateur Adj%: 0
RCNLD $: $19,690.00 RCNLD Cost/SF $14.35 Market/SF: $0.00
Land 14,063.00
•
Total $33,753.00
6
SALE COMPARISON APPROACH
COMP SALE NUMBER SUBJECT 1 2 3 4 5
ADDRESS 204 E 18th S 101 E. 18th St _ 217 E. 18th St 1111 5 Ave 812 23 St 651 28 St
GREELEY GREELEY GREELEY GREELEY GREELEY GARDEN CITY
USE SER GAR STOR/WHSE Light Industrial SER GAR STOR/WHSE SER GAR
SALE DATE 03/02/99 02/26/99 01/05/98 01/12/00 03/24/97
SALE PRICE $32,500 • 72,300 40,000 70,000 80,000 130,000
SALES PRICE PER SF $23.69 * $39.97 $35.71 $37.39 $35.84 $40.63
LAND VALUE 14,063 11,296 7,364 9,000 13,300 43,425
BLDG.VALUE 18,437 61,004 32,636 61,000 66,700 86,575
SIZE SF 1,372 1,809 1,120 1,872 2,232 3,200
BLDG PRICE/SQ. FT. $13.44 33.72 29.14 32.59 29.88 27.05
YEAR BUILT 1953 1932 1957 1977 1942 1969
EFFECTIVE YEAR 1965 1970 1975 1977 1975 1975
ADJUSTMENTS:
BLDG SIZE -12673 7308 -14500 -24940 -53012
BUILDING AGE -3050 -3264 -7320 -6670 -8657
QUALITY/INTERIOR -8400 -6100 -8400 0
NET ADJUSTMENTS -15723 -4356 -27920 -40010 -61669
ADD BLDG VALUE 61004 32636 61000 66700 86575
ADJUSTED BLDG VALUE 45281 28280 33080 26690 24906
ADD SUBJECT LAND 14063 14063 14063 14063 14063
INDICATED VALUE 59344 42343 47143 40753 38969
INDICATED VALUE'PSF 4325 30.86 34.36 29/0 2840
INDICATED MARKET VALUE 1372 sf )$moo=$41,160 rounded$41,000
•assessor's value
SUBJECT'S VALUE $23.69
MEAN OF COMPS $33.31
MEDIAN OF COMPS $35.86
7
COMPARABLE SALE
1
.AW ..
•
Vii:" l.V.5 .
•
•
•
• r .
_J
• _ ._. ..
PIN#, 3334486 PARCEL #: 096109300025
PRIMARY OCCUPANCY: WHSE/STOR
OFFICE: 28%
2ND OCCUPANCY:
ADDRESS: 101 E. 18 STREET GREELEY
PROJECT:
SALE DATE: 03/02/99 BOOK #:
SALE PRICE: $72,300 RECEPTION #: 2677192
ADJ SALE PRICE:
GRANTOR: HORST DANIEL & MARTHA
GRANTEE: SEBO PROPERTIES, LLC
YEAR BLT: 1932 LAND VALUE: 9,037
EFFECTIVE AGE: 1970 ZONING WELD
BLDG SIZE: 1,809 LAND/BLDG RATIO: 5.00
CLASS: C IMPS PRICE/PSF: $34.97
CONSTRUCTION-QUAL: AVE SALE PRICE/PSF: $39.97
WALL HEIGHT: 14 CASH DOWN: $72,300
STORIES: 1 LOAN:
BSMT SIZE: 520 INTEREST RATE:
BSMT FINISH: LOAN TERM (YRS):
LAND SIZE: 9,037 POINTS PAID:
REMARKS: THE SUBJECT WAS BLT AS A SERVICE GARAGE BUT
IT'S PRESENT USE IS AS A STOR WHSE. THE SUBJECT'S
CONDITION IS BADLY WORN.
8
COMPARABLE SALE
•
urn•
y- `ate'..
�... y
Ill
yJca .YS4'' •
PIN#, 3345286 PARCEL #: 096109300075
PRIMARY OCCUPANCY: SHOP
OFFICE:
2ND OCCUPANCY:
ADDRESS: 217 E. 18 STREET GREELEY
PROJECT:
SALE DATE: 02/26/99 BOOK #:
SALE PRICE: $40,000 RECEPTION #: 2676746
ADJ SALE PRICE:
GRANTOR: ANDERSON SUSAN
GRANTEE: GOBLE KIRK & SALLY
YEAR BLT: 1957 LAND VALUE: 7,364
EFFECTIVE AGE: 1975 ZONING WELD
BLDG SIZE: 1,120 LAND/BLDG RATIO: 6.58
CLASS: C IMPS PRICE/PSF: $29.14
CONSTRUCTION-QUAL: LOW SALE PRICE/PSF: $35.71
WALL HEIGHT: 10 CASH DOWN: $20,000
STORIES: 1 LOAN: NEW
BSMT SIZE: INTEREST RATE: 7.00%
BSMT FINISH: LOAN TERM (YRS): 10YRS
LAND SIZE: 7,364 POINTS PAID:
REMARKS: THE SUBJECT IS USE AS A TAILOR SHOP
9
COMPARABLE SALE
•
•
•
1
•I:
C1fr'
vyil
.
•
•
PIN#, 3209986 PARCEL #: 096108105010
PRIMARY OCCUPANCY: SER GAR
OFFICE:
2ND OCCUPANCY:
ADDRESS: 1111 5 AVE GREELEY
PROJECT:
SALE DATE: 01/05/98 BOOK #:
SALE PRICE: $70,000 RECEPTION #: 2587725
ADJ SALE PRICE:
GRANTOR: OSAKI WILLIAM K & MARY
GRANTEE: MCNEIL KEITH DBA EMERALD EARTH
YEAR BLT: 1977 LAND VALUE: 6,750
EFFECTIVE AGE: 1990 ZONING 0.00
BLDG SIZE: 1,872 LAND/BLDG RATIO: 4.81
CLASS: D IMPS PRICE/PSF: $33.79
CONSTRUCTION-QUAL: AVG SALE PRICE/PSF: $37.39
WALL HEIGHT: 14 CASH DOWN: $35,000
STORIES: 1 LOAN: NEW
BSMT SIZE: INTEREST RATE: 8.25%
BSMT FINISH: LOAN TERM (YRS): 5 YRS
LAND SIZE: 9,000 POINTS PAID:
REMARKS:
•
•
•
10
COMPARABLE SALE
62 0'
-10'x 12'O+1 Door ;7x 10'oh oaorl
concrete Suc J
1 Ala 425 0 if STORAGE WAREHOUSE
Gash C 26.C
•• 1? 9t 1942 rva r cP
36.0' ta'.n
7: 6.0•I 13.0' mc.
space heat
{rear ` 5` IriIII _ 5O Office 200'
140 4700st
34 C 28 0'
7,232 is sf
4
PIN#, 3522586 PARCEL #: 096117223024
PRIMARY OCCUPANCY: WHSE/STOR
OFFICE: 21%
2ND OCCUPANCY:
ADDRESS: 812 23 ST GREELEY
PROJECT:
SALE DATE: 01/12/00 BOOK #:
SALE PRICE: $80,000 RECEPTION #: 2764347
ADJ SALE PRICE:
GRANTOR: KOSMICKI ANTHONY F
GRANTEE: KOSMICKI DAVID D
YEAR BLT: 1942 LAND VALUE: 13,300
EFFECTIVE AGE: 1980 ZONING C-H
BLDG SIZE: 2,232 LAND/BLDG RATIO: 1.70
CLASS: C IMPS PRICE/PSF: $29.88
CONSTRUCTION-QUAL: AVG SALE PRICE/PSF: $35.84
WALL HEIGHT: 14 CASH DOWN: $80,000
STORIES: 1 LOAN:
BSMT SIZE: INTEREST RATE:
BSMT FINISH: LOAN TERM (YRS):
LAND SIZE: 3,800 POINTS PAID:
REMARKS: THIS TRANSACTION WAS BETWEEN RELATED PARTIES
& BUSINESS AFFILIATES. THE DEED TYPE WAS A QUIT
CLAIM DEED.
II
COMPARABLE SALE
5
�Y z�
ti4Yl a .:::
PIN#, 3557986 PARCEL #: 096117323015
PRIMARY OCCUPANCY: SER GAR
OFFICE:
2ND OCCUPANCY:
ADDRESS: 651 28 ST GARDEN CITY
PROJECT:
SALE DATE: 03/24/97 BOOK #: 1597
SALE PRICE: $130,000 RECEPTION #: 2539087
ADJ SALE PRICE:
GRANTOR: PERSONS BRIAN
GRANTEE: NARANJO HERMAN & LEO
YEAR BLT: 1969
EFFECTIVE AGE: 1980 LAND/BLDG RATIO: 10.86
BLDG SIZE: 3,200 IMPS PRICE/PSF: $29.77
CLASS: S SALE PRICE/PSF: $40.63
CONSTRUCTION-QUAL: AVG CASH DOWN: $130,000
WALL HEIGHT: 14 LOAN:
STORIES: 1 INTEREST RATE:
BSMT SIZE: LOAN TERM (YRS):
LAND SIZE: 34,740 POINTS PAID:
LAND VALUE: 34,740
REMARKS: THERE WAS A PREVIOUS SALE OF THE SUBJECT ON
3/1/96 FOR $114,000. THE SUBJECT WAS THEN
IMPROVED WITH A NEW WATER LINE, NEW ASPHALT
AND A SECURITY SYSTEM BEFORE IT SOLD AGAIN ON 3/24/97
I2
i
i .
I
-eelev Area Street Maps , .
r.
35 A _ 2.3 AVE. i1 .,v
r 7 n•' 8 9: 10 11 a. 12 13 14 15 1
9'
2 rnih PI a
0 1
0 12 NMwnn■r - q C o 12 MM P 1 e a--T- a a n kl s• ,y :.•..... Head f3l mumps.' 0 12 Wwnr.r ;
Gaehe' _ _ came i ,
. ),\
• J 331
N �? .�a A +V' Y •A k.':t 1. a Greeley
¢ Page Kay + yam% °"1°"i` `" Street Dlrectlo
� _ t'U' Zk;y Designations
I r • :j:",•:"+7 F>• 1 • Sdsats p[gib::
I-i l lie, N
/A
:?44.^eu tup \., F8r
1-
'' � 1: O� � t; rr1 , t I r
�, x.,419 . Greeley. ,•.,,• , ' \; •
ca i.t .r �i. V a l 1 e i
��T
+fit ar"s.' ;k,. i\r' '. t,�• L-I rg•.�, .. •_'�'TtT 14f•,' 7_.. 1
BEN PkI
1,— ,,i,.. ;f....:._ '7. .E I..: !I , ' '•C 60- • 1'..A144.k:, '.iiinS?.''''Fi' rr i,.ii'..i'i'
4 44.4,...',..-
t y '4,n,!,•!,.
-. .y t p a �ataM �7� �u
dal ,. H _� �: 2iS1 r 4 f• ,,Lk, F'"r'd Y 'J i x' ti6 'mR r,.lt,.. (i� pal i v' ` !. tith �vs'k:4.''.' +S'_}'
•a ��ti' . Baerrra I� ��`4 P.a1 sr a t 'Apr at
"°!i '"'* 1 A a 1, t x..4,1,C'xiT ,;•. a. 'v:`;,ti 4 'e.
lti
LiP nnolft M�7KI r"° •I H fatale IanCl inarr ItL�"�,�{f�1.. .B� �B4tS.'8",� t tWar
.1�•v•'r�"sa.S.• Nl ,• �. fi ® s On- l• '341::""-"-',712:T0•77,
�c';'-:21• y3''SfY '+19Y' �lyyy,.t •r !.�-?,s
r i ln`i ,y U9 ■.R —ii a v 9il rti ,T.-•:,},1
mo. F�.tt• f _ mfr t 1 `l
ea
rr y al
164 Cu:.J[��a{�y�J� /�alp��' aw i ,•gyp ��py �•'®�{2y11 1'.rCi /} �'..._.i! . ' 'r,ARSON
Y i••,,,,,t',..&•,4•••-• 4,,-,t.,,,�Y • .��,e.r�/� a c..t. ��. '1 O,WGl�fgl"�y '1' `,! rFR0. Ail 1 •1. C■L,G, •mms IRFi/l,N ( '• L �Z=. 11..,: ,rr 5- -0 **.••c "' "u ff.'I.,
!. giaa,I l .Tr
IN•rr aon • ,nn^, t1. � . ."�!C is Y � `• rT' ' 9tM+'r {"" `'ii' �
k,..dt12,81rr r5aa ���� Ida i y ' r``J kt `:
0 :•w.. 'ice P — 4
y 41 ,':-.43 -.1... y . 'Mr KUMrM E;;"y M..wm �`e.7 o,;,•,:-..N.r I 2.
'a.
�+/�> 'St �''j 6'f ,.,• IR'�M�lwi � ��l i ;ii
a Lfn� Vii
fF . ,,tri .e ,. ,KP H ry�1�� 1tr`•t`fW--WPM, ,gyp �+ l� �r'\ ice! i1•a , l ,..a ( I'?. . ':`r - � ILI il0si ,� UD = u „
,A y. fMM�i�t p tlnniGlay.
r • I Z R �.' r Poy,• ;'`0 ,� •J 1 '� ! f34.a� s ( \ 1.'i} pl 9U0 gF rr4� 2 7A r�s
i al- F7!!91{ � `; h W h it f. } 4� I M1 a ti
y1 B t�]6IhrFY� s }���s_ vs m nay lellrmy , i 1pt�. V.
i',.-V44.c'i'''''''.
n,, a 1d'Irts
x F l.'! ,-a y �• '`�� . -'.� '�\ ~ i' ut(r{1 ,rj i�fa f rwrlll� �e $ I jrw, . 'i£ 1 111dUo,!•t y ._ ry�''} � ,7 - lr 1F :r�'... . �e . _,..:
_ I. eavn
. .... .Zr•torici ES I 167 I '4^t F 3�.-h'.P�0....:.19;" ' _ • .,.�--",,,rJ 7 4 111'14; ,, j i pal r m,:•••',,1 " �1
l..1■ '4 .� � . 4�»,. /►� s+ fi . ,}4 '-Iw ,--,.- -`I vim+ ? Memwlry
r � �J} r i 1 IIy�"LM;� 9 1• 5'1 F>tr. °°��IW1141.tlj 7-.' �I y, Part
f• t o f^� [ v9y o-•�y a� • Eh i,-,1414, t •lja:;:a.,.....,,,,,,,,,,,,,+ 4-��jlyL0
� la Y .. rl'N: , ilk x-'41-J":' ,�. -..pv'ri�7 "I Nf`,� toa 'y •'' r= . `ii' 5t�. `14
zoolir
1�.4.7..,••••1•47.7.7.7,5:....a.7.41
3'�jh4� �I] vsi \�p• yYT1't I.a.lt.
crt,Y' 'ry" i l� hC .� �,� ..} e itiaJ• •-: �e J:.E '.1 ,••: 4 Z` { L i'iE t.�t'�' tl �. . Rl ":r+ a.na atte
'i....'.... .?!--1,14;".,.,t:•". , 7r J.w....+t ,! p•,■■ itllfGl .I s ,-. lrr• ••I l � 1 7• ,c5, M 'S-7`x>\ ft
ogottezr� ;:'.L
/wa��ppqqJ �,1Yj. , ��_�r1 A 'tl a Atg� ib., f 2.(' r
RReit4)r,:t`l{,!'E` r J• i-.'riYr u'' ny -� '�"' ''�� �r V'f; � � .- g kii, _ ..".e .
4
5 ,:.:.',.,..z.,;••.,•;.•;‘,:••••.,,,,•,--- tl ••%:. • �s. a�� if r" 4F-01,
,r:: �lr ...., -;..... ‘[...:-7...4..,,.:,,-..0y."_ .. 0.,,,,,,,, ,,....„„,,,,!,-ea,�- > nMflm.� �f� 3 �i+ r -...:"?.-.%1-2,
4';R.)7 nT.a r ,�L 01 r t t>q.<d }., 1 U. t >�•3 r R n 6\ $ `Q• .
r 4 4s. .,s'Ca li +�' sA\ iR Wn1''� Y �' :, .'X w1y+ r >1}"+ N
` 4 . ,��� .,,:�".a-wee ci;4+�; . ,�"�o ti�,r ' 'ri�"�...� - d �. �t � i a°^ar', �, ref . f,{i' �`�'`�
.,',:,:z4.:-..
Y'' 3 ; t`a't 1{ 1 {{ biz e- ad pa[N■;t� r i' 2{°, , f v: �7it1( �'t If
•
•
iri;.�S:i:S�7:.�Yru:
ragmanw� ar. wl sham.n "i � Ytoi ,y !.c.
Rft"��� , N—.. ...11.14.,. ,`_s\ ! a q 1 '5 "`
Fiasaad aa■N r, CLkd' ofiu ::^s? 1 mj. r c• [� t � r :11 ..i �l 4 may" vy
yaprbalewa+wa } , •,
' �, ��1anar. _.! 4.� Gaa1 -, J;,;•� F
c• { •t !� zap � . .
—
.* F—� J7m sr . `,,�1 d ; r�Vrt y. uruat m_ 11 °s:
• kk Ruda/
•` A■■d& ttl� yap !I C !eW ` li 5l
...Ell MAPS 7r • .er , ... y Z� t.•�S.�. 15 k.
^pli: ?� +, Y;�
7 -`-'-• s 9 10 11 12 13 14 15
I
07/19/2001
PROFORMA INCOME WORKSHEET
Parcel : 096109300021
Name: Dale L. Majors
Address: 207 E 18th St,Greeley,Co
Bldg Sq Ft Use No of Units
1,372 Ser Gar 1
Effective
Tax Rate Mill Rate Assm't Rate Tax Rate
0.086572 0.29 0.025106
staf Nuts Annual Rent per Annual Gross
Area Rent PSF Month Income
Main FIr PSF 1,372 $4.59 $525 $6,300'
Less Vacancy & Expenses
Vacancy 10% $630
EGI $5,670
Expenses,
mgmt 3% $170
R/R 3% $170
Insurance 4% $227
maintenace 5% $284
water/sewer $200
misc 2% $113
Net Income $3.28 $4.506,
Net Income/Overall Cap Rate = Property Value
Property Value
Value Per Sq Ft
Cap Rate + Eff Tax Rate 10.000 2.5000 0.130 $34,662 $25.26
Estimated rP(iOpertyValue $34,5OQ $25.15
•
14
07/12/2001
Gross Net
Comparable Bldg Year Income Income
Rentals Use Address Size Const'd Per Sq Ft Per Sq Ft
Rush truck ctr Ser Gar 201 N 6th Ave Grly 1,800 1985 Gross $4.00
Western Ser Gar 207 8th Ave, Grly 1,260 1958 Gross $4.76
Grly West Auto Ser Gar 1604 9th St, Grly 2,579 1970 Gross $5.82
Aerographics Ser Gar 129 12th St, Grly 2,240 1980 Gross $5.09
Cruis n Tunes Ser Gar 651 28th St, Gard 3,200 1965 Gross $4.13
Range $4.00-$5.82
Mean $4.76
Median $4.76
•
15
coRRF.T,ATTnN ANT) FTNATi ERTTMATE Ore VAT,TTF
Cost Approach $33 , 753
Sales Comparison $41, 000
Income Approach $34 , 500
Estimated market value of the subject
property & Assessor' s value
2 , 500
I6
c,\/1(\.
CLERK TO THE BOARD
PHONE (970) 356-4000 EXT 4217
FAX: (303) 352-0242
WEBSITE: www.co.weld.co.us
' 915 10TH STREET
P.O. BOX 758
C. GREELEY, COLORADO 80632
COLORADO
July 19, 2001
MAJORS DALE CORP
2911 GRANDVIEW DR
GREELEY CO 80631
Parcel No.: 095914401010 Account No.: R0289795
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of July 27, 2001, at or about the hour of
11:00 AM, 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 attomey
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 attomey 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 6,2001,and
mailed to you on or before August 10, 2001.
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.
MAJORS DALE CORP - R0289795
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
LU4 4
Donald D. Warden,
Clerk to the Board
Y BY: arol A. arding, Depu
cc: Stanley Sessions, Assessor
BOE SUMMARY SHEET
Account Number: R3334286 Parcel Number: 096109300021
MAJORS DALE L
2911 GRANDVIEW DR
HEARING DATE: July 27, 2001, AT 11:00 AM
HEARING ATTENDED? (` /N) NAME:
AGENT NAME:
APPRAISER NAME: CCJ l N
DECISION
ACTUAL VALUATION
ORIGINAL SET BY BOARD
Land $ 14063 $
Improvements OR
Personal Property 18437
Total Actual Value $ 32500 $ $4' CPC
COMMENTS:
MOTION BYJg\-) TO
SECONDED BY 'Rill " Geile -- N)
Jerke -- N)
Failed to prove appropriate value Long -- )
No comparables given Masden - )
Assessor's value upheld Vaad - N)
Other:
RESOLUTION NO.
2001-2038
Hello