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Home My WebLink About930671.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 1993, WELD COUNTY, COLORADO PETITION OF: HUMMEL JOAN Y 1014 49 AVE GREELEY, CO 80634 DESCRIPTION OF PROPERTY: PIN: R 0161989 PARCEL: 095910108023 - GR CCW2-8A SLY PT L8 BLK2 COUNTRY CLUB WEST %1014 49 AV% WHEREAS, the Board of County Commissioners of Weld County, Colorado, organized 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 1993, 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 1993, 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: ORIGINAL ADJUSTED Land $ 19, 000 $ 19, 000 Improvements OR Personal Property 117,828 109, 000 TOTAL ACTUAL VALUE $ 136,828 $ 128, 000 WHEREAS, said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 930671 Page 2 RE: BOE - HUMMEL JOAN Y 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 28th day of July, A.D. , 1993. / Oduzi? BOARD OF COUNTY COMMISSIONERS ATTEST: l WELD COUNTY, COLORADO Weld Cou��/nttyy11Y"Clerk/to tt e Board Const nce L. Har ert,� Chairman BY: G �� —�L Deputy Cle k to the Board W. H. ebster, P o-Tem APPROVED AS TO FORM: dyy� �_-i::: eorgesE. Baxter CI my Attorney --�Dale K. Hall EXCUSED Barbara J. Kirkmeyer 930671 1993 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S PIN NUMBER 095910108023 STIPULATION (As to Tax Year 1993 Actual Value) RE PETITION OF NAME: JOAN Y. HUMMEL ADDRESS: 1014 49TH AVENUE GREELEY, CO 80634 * * * * * * * * * * * Petitioner(s) , JOAN Y. HUMMEL and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 1993 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: GR CCW2-8A SLY PT L8 BLK2 COUNTRY CLUB WEST 1014 49TH AVENUE GREELEY, COLORADO 2. The subject property is classified as RESIDENTIAL property (what type) . 3. The County Assessor originally assigned the following actual value on the subject property for tax year 1993 . Land $ 19, 000 Improvements $ 117,aatsag Total $ 136,828 4. After further review and negotiation, the Petitioner(s) and Weld County Assessor agree to the following tax year 1993 actual value for the subject property: Land $ 19,000 Improvements $ 109, 000 Total $ 128,000 5. The valuations, as established above, shall be binding only with respect to tax year 1993 930671 6. Brief narrative as to why the reduction was made: AFTER FURTHER REVUE OF SALES IN THE IMMEDIATE NEIGHBORHOOD AND AN APPRAISAL PROVIDED BY THE PETITIONER IT WAS DETERMINED THAT THE ACTUAL VALUE OF THE PROPERTY SHOULD BE $128, 000 7. Both parties agree that the hearing scheduled before the Board of Equalization on JULY 29, 1993 (date) at 4:00 PM (time) be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate) . DATED this day of , 1993. Pet ner(s) or Attorney Petitioner(s) or Attorney Address: A Address: itii 4 9W) 11 ee,(Rci CO Poe 3 (/ Telephone: J 5 6 77049 Telephone: % /6 ounty Asses /4 / 1400 N. 17TH AVENUE BAR //9,,W/ GREELEY, CO 80631 (303) 353-3845, EXT. 3656 S30671. lC'_ u�NOR uu1_ 17th s r ASSEsSu 1400 TH AVE. N4 T t E OF DENIAL GREELEY,COLORADO 80631 PHONE (303) 353-3845, EXT. 3656 I ge. l • 1 nr, -v G'%CCW2—NA49AV%SLY PT LB BLK2 COUNTRY CLUB +IEST 'c1014 COLORADO I S 3 6 ,) 1•1T114 49 AV GREELEY OWNER HUMMEL JOAN Y HUMMEL JOAN Y PARCEL 095913109023 PIN R 3161989 1014 49 AVE YEAR 1993 GREELEY CO 90634 LOG 004J2 05/07/1993 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 PRi7P:ERTV IS VALUED BY CONSIDERING THE MARKET APPROACH. AGRICULTURAL LAND VALUE IS DETERMINED SOLELY BY THE EARNING OR PRODUCTIVE CAPACITY OF . THE LAND, CAPITALIZED AT A RATE SET BY LAW. ALL OTHER PROPERTY, INCLUDING VACANT LAND, 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 deter- mined the valuation(s) assigned to your property.The reasons for this determination of value are: YOUR PROPERTY HAS BEEN UNIFORMLY VALUED FOLLOWING COLORA')D LAW ANt) 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 1991/1992 TIME PERIOD. THIS COMPARISON SHOWS YOUR ACTUAL PROPERTY VALUE TO BE CORRECT FOR THAT PERIOD. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND 19, 000 19,003 IMPS 1179 828 117028 TOTALS $ $ 1369823$ 136. 928 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. 13y: WARREN L. LASELL - -_ �/t 4/03 34 t, WELD COUNTY ASSESSOR / _ DATE �� 15-DPT AR �/ �� ` Form PR-207-87/93 ADDITIONAL INFORMATION ON REVERSE SIDE • -. ._.._ ��._.. YOU HAVE The RIGHT TO APPEAL THE ASSESS�rt'S DECISION The County Board of Equalization wilrsit to hear appealsbeginning°July 1 and continuing through August 10 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 PROPER'l`y WELD COUNTY BOARD OF EQUALIZATION 915 "10th Street, P.O. Box 758 • Greeley, Colorado 80632 Telephone (303) 356-4000 Ext.. 4225 ti NOTIFICATION OF HEARING: You will be notified of the time and place set for the hearing of your appeal comiTy 9,c)ARD OF EQUALIZATION'S DETERMINATION: The County Board of Equalization must make a decision on your appeal and mail you a determination within five business days. The County Board must conclude their hearings by August 10. TA?cPA:t',.ER_RIGILITS FOR FURTHER APPALS: . If you a₹o f“:j= . :: shed with the County Board of Equalization's decision, you,must file within thirty days of the County Board of Equalization's written recision with ONE of the following: Board of Assessment Appeals1RAAj: • Contact BAA at 1313 Sherman, Room 315, Denver, Colorado 80203. (303) 866-5880. District Court: 9th Avenue and 9rh Street, P.O. Box C Greeley, Colorado 80632 Telephone (303) 356-4000, Ext. 4520 Arbitration: WELD.COUNTY BOARD OF EQUALIZATIO€v 915 100th Street, P.O.. Box 758 Greeley, Colorado 80632 • • Telephone (303) 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 20. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE Ma lLEt 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-`!06(1.5), C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necessary. jqq art toeu dOnt 9a kt., 01 a.,>/- Oa- cks-t *� 7 s L, ,zai c z C t1 C/ e /o?f� 0 U C) �'?0S f Q/J�e4d a? C)a�c c z4:2-".3*" r l l�f Gil • �c z c.-60 a- cL'O o�i ci.t �i�• �Sl -� ,Prae A 4- G� �� aiLoc` ._d //C; OU 0, C�u•J ! ZJ '�(Q�t'6-L4'1'""'t... __0______000_.. tv -1 7,3 V RX0671 . • (1 CLERK TO THE BOARD ' P.O. BOX 758 GREELEY,COLORADO 80832 IN C. (303)356.1000 EXT.1225 COLORADO July 16, 1993 Parcel No. : 095910108023 PIN No. : R 0161989 HUMMEL JOAN Y 1014 49 AVE • GREELEY, CO 80634 Dear Petitioner(s) : The Weld County Board of Equalization has set a date of Thursday, July 29, 1993, at or about the hour of 4:00 P.M. , to hold a hearing on your . valuation for assessment. This hearing will be held at the Weld County Centennial Center, 915 10th Street, Greeley, Colorado, in the First Floor Hearing Room. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor will be present before the Board. The Board will make their 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 10, 1992, and mailed to you on or before August 16, 1992. 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. 90 ,'7 1 i HUMMEL JOAN Y - R 0161989 Page 2 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. 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 / �2t7sa 4,17Gl/:144 Donald D. Warden, Clerk to the Board BY: f-4 Carol A. Harding, Deputy__ \ cc: Warren Lasell, Assessor 930671 fkI PhoperSy Cescription& Analysis UNIFI M RESIDENTIAL APPRAISAL R. ORT File No. R1029121 0 2 912 1 1 Property Address 1 0 14 49TH AVENUE Census Tract CT-14 . 03 LENDER DISCRETIONARY USE City GREELEY Counly WELD State CO Zip Code 80634 -- Sale Price $ LegalDesalplion THE S . PART 8 , BLOCK 2 , COUNTRY CLUB - DaleWEST -_- - - -- V Owner/Occupant HUMMEL Map Reference WELD Mortgage, Amount $Sale Price $ N/A Date of Sale _ _ - _ PROPERTY RIGHTS APPRAISED Mortgage Type _ - - Loan charges/concessions fo be paid by seller $ [XI Fee Simple Discount Points and Other Concessions RE. Taxes $ 1 , 530 . 00 Tax Year 1991 9 9 1 I IOA $/Mo. NIA I Leasehold Paid by Seller $ Lender/Client FIRST FEDERAL I .. ICondominium(HUD/VA) I 1 De Minimis PUD Source LOCATION [ XI Urban 1 I Suburban I f Rural NEIGHBORHOOD ANALYSIS °nod Avg. Fair Poor BUILT UP LXI Over 75% Li 25-75% I 1 Under 25% Employment Stability [-1 I LI I__ 1 Li GROWTH RATE 1 I Rapid I 71 Stable I- -1 Slow Convenience to Employment 1 I [LX] 11 L� PROPERTY VALUES 1 I Increasing I X-1 Stable [ - I Declining Convenience In Shopping L R1 L_I I 1 DEMAND/SUPPLY I I Shortage EC]In Balance I - I Over Supply Convenience to Schools 1 - I _X_ 1 I-1 I I MARKETING TIME L. I Under 3 Mos. f Xi 3-6 Mos. 1 --1 Over 6 Mos. Adequacy of Public Transportation r 11. -I I 11 1 PRESENT LAND USE 96 LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING Recreation Facilities L i x) Li 111-1 • Single Family 6 0 Not Likely [X] OCCUPANCY PRICE AGE `i $(0001 Nisi Adequacy of Utilities [� I� ( I • 2-4 Family 1. 30 Likely L7 Owner 1 X-1 Properly Compatibility • Multi family 1 I Li L 1 L_1 •� In ptnrnss ( Tenant I I 1 00 Lew NEW Protection from Detrimental Cond. I X I iLi Li Li Commercial To'. Vacant 0 5%) L X 1 2 8 0 1 5I -'I Li Li Li ( Ito Police& Eke Pmlerlmn Industrial _ Vacant (over 5%)1 I Predominant General Appearance of Properties -X _-- -- I L_ I L_ I 1 I = Vacant 10 1 50— 10 Appeal to Market 1X1 [J [ -I J 1 Note: Race or the racial composition of the neighborhood are not considered reliable appraisal lectors. TF e subject property is in t h e COMMENTS: west quadrant of the city of Greeley . It is an exclusive neighbor- hood consisting of large custom builf homes and quality duplexes /[citi exes . The area is well maintained and very weI1 accepted by the general puTlfl Dimensions 49 . 25 ' X 119 . 30 EST. AVERAGE Topography MOSTLY LEVEL Sile Area 5 , 876 Sq Ft . EST . Corner Lid NO Size SMALL Zoning Classification SFR Zoning Compliance YES Shape RECTANGULAR HIGHEST & BEST USE:Present Use YES Other Use Drainage ADEQUATE UTILITIES Public Other SITE IMPROVEMENTS Type Public Private View GOOD Electricity ----- ------------- XI Street ASPHALT III I I Landscaping PROFESSIONAL yi Gas -XI Curb/Gutter CONCRETE [XI I I Driveway CONCRETE Water Ill Sidewalk CONCRETE IXI I-1 Apparent Easements TYPICAL PUE -- -Sanitary Sewer I XI Street Lights POLE/OVERHEAD Ix] I f FEMA Flood Hazard Yes' No X Storm Sewer I Alley NONE I I I I FEMA' Map/Zone 080184_ 0001 B COMMENTS(Apparent adverse easements,encroachments, special assessments,slide areas,etc.): There were no apparent adverse -- i-t i d the s encroachments , or dangerous time-_- , ground conditions noted at the i of the appraisal . GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION Units ONE Foundation CONCRETE Slab Area Sq. Ft. NONE Roof ._ Stories 2 . 0 —. Exterior Walls FR._BRICK Crawl Space YES _ %Finished Ceiling AVG . I--X 1 7W. Type (Uet./Ant.) ATTACHED RoM Surlace SHAKE Basement NO Ceiling Walls AVG . it Design(Style) 2 STORY Gutters& Dwnspts ALUMIN UM Sunip Pump NO Walls Floor 1i Existing YES Window Type WOOD 2—P Dampness NO Floor _ _ None Ii Proposed Storm Sash NO Settlement NORMAL Outside Entry • Adequacy AVG [X1 f Under Construction Screens YES Infestation NONE Energy Efficient Items: — Age (Yrs.) 4 Manufactured House NO NOTED - ----- Effective Age(Yrs.) 2 —ROOMS Foyer Living Dining Kitchen Den Family Rm. Rec Rm. Bedrooms # Baths Laundry Other Area Sq.Ft. Ba Basement 0 Level 1 X 1 1 I 1 1 . 5 X 1 , 394 Level 2 1 . 75 LOFT 980 Finished area above grade contains: 6 Rooms; 3 Bedroom(s); 3 . 5 Bath(s); 2 , 374 Square Feet of Gross Living Area SURFACES Materials/Condition HEATING KITCHEN EQUIP. ATTIC -IMPROVEMENT ANALYSIS Good Avg. Fair Pont Floors CRPT/HRDWD E Type F A. Refrigerator I_J N• one I 1 Quality of Construction IXI Li LI LI Walls DRYWALL E Fuel .N. G__._. Range/Oven r—iiStairs I I C• ondition of Improvements I i1 I__1 Li Li • Trim/Finish WD/STND E Condition GOOD Disposal rxl D• rop Stair R• oom Sizes/Layout X 1 Y I lunu - Bath Floor CRPT/HRDWD E Adequacy GOOD Dishwasher I XI Scuttle [XI Closets and Storage Ll L 1 LI L Bath Wainscot FIBERGLS E COOLING Fan/Hood I 1 Floor Li Energy Efficiency L-1 M r I II = Doors 6 PAN/WOOD E__. Central YES Compactor I I Heated Li Plumbing Adequacy & Condition 1 1 [XI 1 1 I I Other Washer/Dryer' 1 Finished Li Electrical Adequacy & Condition [ X I I I I 1 I I Condition GOOD MicrowaveKitchen Cabinets-Adequacy & Cond. R - -- - I 1 11 ( 1 I_ i [ I Fireplace(s) GAS LOG # 1 Adequacy GOOD Intercom I 1 Compatibility to Neighborhood Lf U H LI CAR STORAGE: Garage I X I Attached 1 I Adequate I X House Entry I X Appeal& Marketability [11 [-1 L I L.I Na Cars 2 Carport 1 Detached Inadequate O• utside Entry X Estimated Economic Life 5o Yrs. L f-1 q 11 (__ 1 Remaining ---- -- Q Condition GOOD None f Built-In [ 1 Electric Door LX Basement Entry[ .1 Estimated Remaining Physical Life Yrs. Additional features: The interior is plush with features such as a laundry sink & cabs . , pullout ironing board , BI oak bookshlvs , corian cov . kit . island . & cent . vac . The' actual bath count breakdown is 1 , 3/4 & 3-1/2 baths . Assumed total : 3 . 5 . F Depreciation(Physical, functional and external inadequacies,repairs needed, modernization, etc.): = Physical : Vei minimal deferred maintenance . This home in exc . cond Tion . Functional : None noted External : None noted . • General market candilions and prevalence and impact in subject/market area regarding loan dlscounls,interest huydowns and concessions: The market in the Greeley area is considered good . Financing is available ---without discounts and interest buydowns Where comparables are found hev9. nxcesaive pgipts aid b sellers an ad •ustment will be made. • Fa., •h Valuatron•seetlon UNIFOR RESIDENTIAL APPRAISAL REF- LJT Flle No. R10292 Purpose a Appraisal is to estimate Market Value as def, ,n the Certification & Statement of Limiting Conditions. BUILDING SKETCH(SHOW GROSS LIVING AREA ABOVE GRADE) ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: II In,Rattle Mr nr rmm"n Mnn.ghnw.n ly ennmr root(.nlrnAmino^and anal npp,nnnI onnnmula in Ihls,mrs. Dwelling 2 , 374Sq. R. m $ 34 . 00 — $ 80 , 716 WIDTH x LENGTH x # STRY ' S = TOTAL Sq.Ft. n $ — 0 22 x 36 x 1 = 792 Extras — 0 15 x 37 x 1 = 555 APPLIANCES = 2 , 025 1 x 15 x 1 = 15 Special Energy Efficient Items FIREPLACE = 2 , 000 = 2 x 6 x 2 = 24 Porches,Patios, etc. COV . PORCH/PAT — 3 , 024 2 x 2 x 2 = 8 Garage/Carport 535 Sq.FL rip $ 13 . 50 — 7 , 223 15 x 36 x 1 = 540 Total Estimated Cost New — $ 94 , 988 • 20 x 22 x 1 = 440 • Physical Functional External x x = Less x x = Depreciation 9 5 0 0 0 $ 950 2 , 374 Depreciated Value of Improvements — $ 94 , 038 Site Imp. "as is"(driveway,landscaping,etc.) = $ 3 , 500 - ESTIMATED SITE VALUE — $ 30, 000 COST DATA BASED ON GOOD—VERY GOOD QUALITY (Ifleasehold,show only leasehold value.) FACTORS FROM COST MANUAL. INDICATED VALUE BY COST APPROACH = $ 127 , 538 (Not Required by Freddie Mac and Fannie Mae) Construction Warranty L_-�Yes I X I No Does property conform to applicable HUD/VA property standards? I _-X] Yes i I Nn Name of Warranty Program II No,explain: _. _.. _... Warranty Coverage Expires the undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. I he description includes a dollar adjustment,reflecting market reaction to those items of significant variation between the subject and comparable properties.If a significant item in the comparable property is superior to. or more favorable than. the subject property, a minus (—) adjustment is made, thus reducing the indicated value of suhjecr:it a significant item in the comparable is inferior to. or less favorable than,the subject property,a plus(r)adjustment is made,thus increasing the indicated value of the subject. ITEM I SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 _ 1014 49TH 4925 10TH ST. RD . 4471 PIONEER DR. 2104 28TH AV . CT . Address AV . GREELEY __GREELEY GREELEY GREELEY Proximityto Subject I)fl111llllllllf11U11IDll11 i 2 BLK N WEST APPROX 1 /2 M . S E APP 1 1 /2 MILE SE Sales Price $ -._- -_ N_[A�I-II�IIll I11111[Ifll$ - -90 098,-ll111111111-IflfllElli 112 , 000I➢1lflflfflilfllIIDllll$_ 121 , 500 Price/Gross Uv. Area $ 0 . 00 Lz1 $ 47 . 37 Oil _ltiIID1111$__ )1 . 92 C76111111111111111111111111111,_„:5 8 •i 91lllID 11111flflflflll. Data Source INSPECTION AGENT/MLS/PUB . REC AGENT/MLS/PUB . REC AGENT/MLS7PUB . REC VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION 1 r(-)$AANsenerd DESCRIPTION 4 n(-)$Adjustment DESCRIPTION i r(-)5 ndjllsenem Sales mFinancing 11. 111111 1 CONV . LOAN CASH SALE CONV . LOAN Concessions 11�� I 0 POINTS 0 POINTS 1 POINT —1100 Date of Sale/Time 1 /7 /92 1/92 8/91 7/91 ! Location C . C .WEST C . C .WEST COLL . GREEN PARKVIEW Site/View GOLF CRSE . BY HI . TRAF 15000 LARGE/AVG 8000 SMALL/AVG .r30 , 100 Design and Appeal 2 STY/GOOD 2 STY/GOOD 2 STY/GOOD 2 STY7GOOD 2 Quality of of Construction BR—FR/GOOD BR—FR/AVG_ 10000 BR—FR/AVG I 10000 BR—FR/GOOD Age 4 1991 — 19880 35500 ' 1972 -S000 ------ L-- -Condition EXCEL NEW EXCEL EXCEL .~ r - r -rduns Baths - ----__.—-- — —i Bdrms i s - AbOVe Grady, Total Hors Baths rmsl Ohms Balks Total Hans Baths Total Bdrms I Baths Room Count I —.. _,_._ 6 , 3 3 5 _._ 8 3 ;2 . 5 1 , 000 6 3 2_ 5 1 , 000 6 3_2 . 5 1 , 000 r ' Gross Living Area 2,374 Sq. Ft 1900 Sq. Ft. 12 , 324 2157 Sq. Ft 5 , 642 2088 Sq. Ft. 7 , 436 . Basement 8 Finished NONE NONE 1059 1008 CRoons Below Grade ... _— __75Y__-__ —13 _000 95% —14000 Functional Utility W ----y__ GOOD GOOD GOOD __ 000D_ Heating/Cooling --- 9 9 FANG/GA FANG,CA � FANG/SOLAR —1000 FANG/NONE 1 ,000 N Garage/Carport 2-G-A 2—G—A 2—G A 2 G A _ I Porches,Patio, COV . PATIO PATIO/DECK -1000 PATIO/DECK, -1000 PATIO r 1000 Pools,etc. Special Energy ----- __._ --- -------- —'--------- Efficient Items - . SPRINKLER SPRINKLER SPRINKLER • N0SPRKLR. 1000 Fireplace(s) GAS LOG 0 F ' PLACE 1500 1 F ' PLACE 2 F ' PLACE —1500 Other (e.g. kitchen FULL LINE FULL LINE ; FULL LINE FULL LINE equip.,remodeling) Net Adj. (total) X _} 1 — $ 38, 824 `X - $ 13 , 142 X t _i$ 9 , 836 Indicated Value --- of Subject $ 128 , 824 , $ 125 , 142 II • $ 131 , 336 Comments on Sales Comparison: The comps used were the best available but the uniqueness of the subject-high guality, exccndt . & backing to golf crse created high $ ad ' . Comp 1 _paralleled to State Hwy . & subject had buffer & golf course appeal . INDICATED VALUE BY SALES COMPARISON APPROACH $ 128 , 000 INDICATED •YALUE BY INCOME APPROACH (If Applicable) Estimated Market Rent $- /Mo. x Gross Rent Multiplier $ N/A This appraisal is made _x) "as is" I--1 subject to the repairs, allefatinns,inspections or conditions listed below I_..1 completion per plans and specifications. Comments and Conditions of Appraisal The _subject _compared to townhomes as the appraiser felt the typical buyer would consider both Subject has not sold in the past year . Final Reconciliation: Listings considered_ : 1001 43rd Av $ 106 , 900 , 4632 14th St ;$ 12-9 , 00-0 , & _ 2 p _4630 14th St . $ 129 , 000 . The cost approach is a good test of reasonableness , F but mostwe>_ight given to the sales approach & actual market activity . 7 This appraisal is based upon the above requirements thecertification,contingent and limiting conditions, and Market Value definition that are stated in -- a r 1 FmHA,HUD 8/or VA instructions. C [xj Freddie Mac Form 439(Rev. 7/86)/Fannie Mae Form 1004B (Rev. 7/86) filed with client 19 rig attached. o I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE SUBJECT PROPERTY AS OF Januate 7 , 1$ 9tta he $ 128 , 000 IL I (We) certify: that to the best of my (our) knowledge and belief the facts and data used herein are true and c ; that I (we) he subject property, both inside and out,and have made an exterior inspection of all comparable sales cited in this report;and that I elf e no undi sed i rest,present or prospective therein. APPRAISER(S) ' Al ; ' 3 REVIEW APPRAISER Signature _, gzkl. _l,, ,. _ittivL(Ce Of applicable)Signature _--__— ---_-_ - Did I51Did Not Name SHARA M . BRUMLE` Name CRIA FARR, SRA QMATVy I'multi°Man Rnnt 70 111/101 (If)ell j RI AKF,WOot)BusiNEYr FORMS l mom 44:1-1004 Fannie Man Form too-I 111/BB • MAP SKETCH ADDENDUM Borrower/Client Hiimmp] Property Address 1014 49th Avpntie___ City Qieeley Coin Weld State CO zip Code 80634 Lender First Federal BUILDING SKETCH MAIN L&v`c- �a la P zo I j 1 L 51 M,fi'i2 LA .2,?xi8 BAN , 9X,o al 3` D . �6 UP7E) LEVEL- %3X�u IZX�3 it i<15 4. 1S ��Yer ge �`Kg k y . Bk. „Coy ,r ID lt, izpis r fec-++, z.. AdT{( tiz 19 GA_( , 3f kt 8 9 3 (4 4 .20 Lorr 4/Y7 25 .20Al2 8K, /Wxiz • LOCATION MAP [`SUBJECT PROPERTY] •ice 6.';.1'97.s Y _ w.. - > to d 'r • , m ..'� / 3 C N m cffi�th fRd:- t th Ave ' 1' a 0 CI 0 10th >o N N N N N p 25 � - ofd 1 • r CO..T' 1 /Subject b _ 1i 8 = N • a n �` tr • h N > la 2 WI a y �n M N r d ao < tK4 N N r f 7 , 47: r .,.m 30 D r .,1—,r....r _ • ` 1 �� J_ O t Y 1 ry St C7-3 L- > • 7•. 14th Est r 101h �/n > ,t9 ■ a en N ;• r /•�_�' 1 •` 1 5 9 <\ pt < _ <a r N Comp 2 < y.. P .e c c ^ •'„•' t._r rs/ 1 ( h.. ro/c-� S I .. el U t7 h ^ ti•N :--1 l Rd ror r ' 9 l0 t Sr 8 t _ � At' el ti� t, a n - 0th_ ?a. IY a SI •m a i0 Si Dr 201) 0.1. � �c • r h t Rd '' e m ^,r, Fairwet_}.it e J t St n 31 ; c 21 [ S1 is 6. do•1 St Rd —_"T O .to 21. 5,1 of 1� 21ef St Rd ` , Z,.ae Id 3 SI _[ . 22 01 •. ' 5� m U 22ruL.St Rd 22nd 6 5 R7rf:e — — 6 'r d 24th ""K 51, . sc e\ >~ Y - ^> r�ijMill ° e co > t • s i h S • r 17A t h S 1 ej a• a m a v -25th/2511 St ► > ., • • 261 C rh < • olaQ � ' r .• L .... r OV K5l P-1O1O Al IAUNIVItiN 1 J B 910671 W F -70A/1004A DC r 1984 Forms and Worms Inc.315 Whitney Ave.New Haven.CT 06511 All Righls Reserved I(800)243.4545 Item k 112150 • ENVIRONMENTAL DISCLAIMER: The value estimated in this report is based on the assumption that the property is not negatively affected by the existence of hazardous substances or detri- mental environmental conditions, The appraiser certifies that this appraisal report has considered and does comment on any apparent or suspected environ- mental hazards, and takes into account the effect of any known environmental hazards on value, including specific risks: Toxic Wastes Lead and Lead-based Paints Asbestos Underground Storage Tanks Radon FRT Plywood Polychlorinated Biphenyls (PCBs) Formaldehyde Landfills and Methane Gas Electro Magnetic Radiation Drinking Water Hazardous Waste Sites Air Pollutants The appraiser is not an expert in the identification of hazardous substances or detrimental environmental conditions. Unless otherwise noted in the appraisal report, the appraiser's routine inspection of and inquiries about the subject property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental conditions which would affect the property negatively. It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous substances or detrimental environmental conditions on or around the property that would nega- tively affect its value. There are no apparent wetlands on or near the subject property. CONTINUING EDUCATION: The Appraisal Institute conducts a voluntary program of continuing education for its designated members. MAls and SRAs who meet the minimum standards of this program are awarded periodic educational certification. I am not currently certified under this program. PROFESSIONAL ASSISTANCE: No one provided significant professional assistance to the appraiser. (If there are exceptions, the name of each individual providing such assistance must be stated.) CERTIFICATION: I certify that, to the best of my knowledge and belief, the reported analyses, opinions, and conclusions were developed, and this report has been prepared in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. I certify that the use of this report is subject to the requirements of the Ap- praisal Institute relating to review by its duly authorized representatives. This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. Signed , A,11,Qlt- J� ' }/Z,lVAA-52Q. Appraiser Dated ] /itrnp 931.3671 • IiEF►NITION OF MARKET VALUE: The most probable price which a property shol.ld 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 ;tnd seller are typically motivated; (2) both parties arc 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 comparables must be made Mr 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 terms 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. CERTIFICATION AND STATEMENT OF LIMITING CONDITIONS CERTIFICATION: The Appraiser certifies and agrees that: I. The Appraiser has no present or contemplated future interest in the property appraised; and neither the employment to make the appraisal, nor the compensation for it, is contingent upon the appraised value of the property. 2. The Appraiser has no personal interest in or bias with respect to the subject matter of the appraisal report or the partici- pants to the sale. The "Estimate of Market Value" in the appraisal report is not based in whole or in part upon the race, color, or national origin of the prospective owners or occupants of the property appraised, or upon the race, color or national origin of the present owners or occupants of the properties in the vicinity of the property appraised. 3. The Appraiser has personally inspected the property, both inside and out, and has made an exterior inspection of all comparable sales listed in the report. To the best of the Appraiser's knowledge and belief, all statements and information in this report are true and correct, and the Appraiser has not knowingly withheld any significant information. 4. All contingent and limiting conditions are contained herein (imposed by the terms of the assignment or by the under- signed affecting the analyses, opinions, and conclusions contained in the report). 5. This appraisal report has been made in conformity with and is subject to the requirements of the Code of Professional Ethics and Standards of Professional Conduct of the appraisal organizations with which the Appraiser is affiliated. 6. All conclusions and opinions concerning the real estate that are set forth in the appraisal report were prepared by the Appraiser whose signature appears on the appraisal report, unless indicated as "Review Appraiser." No change of any item in the appraisal report shall be made by anyone other than the Appraiser, and the Appraiser shall have no responsibility for any such unauthorized change. CONTINGENT AND LIMITING CONDITIONS: The certification of the Appraiser appearing in the appraisal report is subject to the following conditions and to such other specific and limiting conditions as are set forth by the Appraiser in the report. I. The Appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or the title there- to, nor does the Appraiser render any opinion as to the title, which is assumed to he good and marketable. The property is appraised as though under responsible ownership. 2. Any sketch in the report may show approximate dimensions and is included to assist the reader in visualizing the prop- erty. The Appraiser has made no survey of the property. 3. The Appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been previously made therefor. 4. Any distribution of the valuation in the report between land and improvements applies only under the existing program of utilization. The separate valuations for land and building must not be used in conjunction with any other appraisal and are invalid if so used. 5. The Appraiser assumes that there arc no hidden or unapparent conditions of the property, subsoil, or structures, which would render it more or less valuable. The Appraiser assumes no responsibility for such conditions, or for engineering which might be required to discover such factors. 6. Information, estimates, and opinions furnished to the Appraiser, and contained in the report, were obtained from sources considered reliable and believed to he true and correct. However, no responsibility for accuracy of such items furnished the Appraiser can be assumed by the Appraiser. 7. Disclosure of the contents of the appraisal report is governed by the Bylaws and Regulations of the professional appraisal organizations with which the Appraiser is affiliated. 8. Neither all, nor any part of the content of the report, or copy thereof (including conclusions as to the property value, the identity of the Appraiser, professional designations, reference to any professional appraisal organizations, or the firm with which the Appraiser is connected), shall be used for any purposes by anyone but the client specified in the report, the borrower if appraisal fee paid by same, the mortgagee or its successors and assigns, mortgage insurers, consultants, professional appraisal organizations, any state or federally approved financial institution, any department, agency, or instrumentality of the United States or any state or the District of Columbia, without the previous written consent of the Appraiser; nor shall it he conveyed by anyone to the public through advertising, public relations, news, sales, or other media, without the written consent and approval of the Appraiser. 9. On all appraisals, subject to satisfactory completion, repairs, or alterations, the appraisal report and value conclusion are contingent upon completion of the improvements in a workmanlike manner. 1 Date 1 Iv � /) I ( )2c ��. l�,ri 1 c� Apprlixrr(sl . uf r . . .t.M o F..nnlw Moo !ROOT 439 J111 1111 1 I' limn.Ind Wn,nl' InrM lxu itn.t II'.Whitney Aan,New llnam, or WI I I Min 71 515 Iten'M 1 I Snft(1 root*la!Amon AS0027 930671 FILE CONTAINS PHOTOS - SEE ORIGINAL FILE • • • PHOTOGRAPH ADDENDUM Borrower/Client Hummel Property Address 1014 49th Avenue city Greeley County Weld State CO zipCode80634 Lender First Federal i billateksyti fsir allant FRONT OF SUBJECT PROPERTY • /1. • rt OHO 1111 �Ml�'�I.a�l/ __ • I (rt- = REAR OF aj = SUBJECT PROPERTY retatigising 1. "rte STREET SCENE O ADDITIONAL PHOTOGRAPHS ON REVERSE SIDE a30571, FW 90A DF *1984 Forms and Worms'Inc.,315 Whitney Ave..New Haven,CT 06511 All Rights Reserved 1(800)243-4545 Item#113300 • • PHOTOGRAPH ADDENDUM Borrower/Client sup el Property Address 1 014 49th Avenue Lender Greeley County Weld State Cp Zip Code 80634 First Federal COMPARABLE SALE #1 -late • titia nt Allet+a • COMPARABLE SALE #2 fr • AI • COMPARABLE SALE #3 x - tic '4144 -41 f ❑ ADDITIONAL PHOTOGRAPHS ON REVERSE SIDE 930671. FIN 90CM Cr R19114 rnrms And Worms"^Inn.315 Wh Itney Avn.Nnw i I*vnn.Ct.(N5I I All NgMs rinsnrvnd I (800)243-4545 IIanY I 57n Hello