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Home My WebLink About911362.tiff PETITION TO THE STATE BOARD OF ASSESSMENT APPEALS Date: August 26 , 19 9t BOARD OF ASSESSMENT APPEALS: Your Petitioner, Pauline H. Nichols and Carole N . Lester (name of property owner) 345 3rd StrPPt Raracay CO 9064 , (street address, City, State, Zip Code of subject property) hereby appeals the decision of the (check one of the following) z_County Board of Equalization, _County Board of Commissioners or Property Tax Administrator dated August 6 , 19 97, for property located in the county of concerning (check;, one of the following) xValuation _Refund _Exemption _Abatement for the tax year(s) 1991 COUNTY SCHEDULE NUMBER OR PARCEL NUMBER: 096321215010 (Make sure that your appeal includes a complete legal description of the subject property (ies) . If multiple properties are involved, a list of schedule numbers must be attached. ) PROPERTY CLASSIFICATION: This property is classified as: (Please check one of the following) _Commercial Personal Property x Residential Vacant land _Industrial _Agricultural Natural Resources _Producing Mines _Oil and Gas State Assessed _Exempt ATTACHMENTS TO THIS PETITION FORM: (Please check off the required attachments) x The decision being appealed. A notarized letter of authorization if an agent is filing for or representing a petitioner. x The Assessor' s Notice of Denial or Notice of Valuation. x Statement of issues involved in this appeal. ESTIMATED TIME FOR PETITIONER TO PRESENT THE APPEAL: 15 minutes or hours REPRESENTATION: (Please check appropriate responses) Petitioner will be present at the hearing. Petitioner requests that the Board rule on the documentation submitted. Telephone conference call will be required. x Petitioner will be represented by an agent. Petitioner will be represented by a Colorado Attorney. Please inform the Board in writing if representation changes are made prior to hearing. 1 6766 West Iowa Avenue Lakewood, CO 80232 Cyr jl 630 1176- ec- ' G� �(_ 911 362,166-63-1 CERTIFICATE OF SERVICE I certify to the Board of Assessment Appeals that I have mailed or hand delivered one complete copy to the wA,1 (indicate one (County Name) of• the following) County Board of Equalization, _County Board of Commissioners, or _Property Tax Administrator in (City) Colorado, on August 76 , 19_ga. ; -" � c ;�� -AGENT *Attorney or Agent for Petitioner Petitioner's signature Susan H . Jung Attorney' s or Agent' s Address Petitioner' s mailing address 6766 West Iowa Avenue Lakewood , f n sn2 7 ( 303 ) 922-4403 Attorney' s/Agent's Telephone No. Petitioner's Telephone No. *Please indicate whether this is an attorney or an agent. Please fill out attorney information only if a Colorado attorney will be representing you at the hearing. An attorney may be retained at any time subsequent to filing appeal ; however, if an attorney is later retained, an entry of appearance is required prior to hearing. T10/petition. frm BAA-1/Rev.91 2 AFFIDAVIT STATE OF COLORADO ) ) ss . COUNTY OF DENVER ) Pauline H. Nichols , after being first duly sworn, makes this her Affidavit and states : 1 . That Susan H. Jung is my daughter and has my authorization to act as my representative in refuting the taxes on the property at 345 Third Street, Kersey, Colorado. DATED this 18th day of July, 1990 . l PAULINE H. NICHO7 The foregoing was subscribed and sworn to before me by Pauline H. Nichols this 18th day of July, 1990 . • My Commission Expires 8Mho' c-aftA /o�c7Cccu�' Notary Public Exhibit A . • • .I: i r._ NOTICE OF DENIAL ! ill i.l.l ., • . CKER 93C2 L25 THRU 30 8LK3%345 3 ST% COLORADO 3455 3 ST KERSEY OWNER NICHOLS PAULINE H S LESTER CAROLE N NICHOLS PAULINE H 6 LESTER CAROLE N PARCEL 096321215010 PIN R 4147286 1 CHURCHILL RD YEAR 1991 PUEBLO CO 81001 LOG 03069 05/28/1991 The appraised value of property •s based on the atm-opt:a;e.:t:•,•;•del•atio••of the arapr,:ai.; el,.,l`r,l!I: ;ex!:, . - that our property nou;C II "` ` ' Y p p Y s ` 1 he •ncltl(.le.d I rllP fo. owing ]tetinryi•�'Sl: Residential property is Valuer! J c^nsitii.}•• by •x; :rlr r.:,:•:.,I"! r•a,!c:,t .,e.l ',acres. _._ Agricuitura; land va,ue is determined so!e•y by -n,: r,,,t:;a:•; capac :; o" :. _ I:d. tJ :�•:.: - -,.__Producing mines a er assessed at 25:,) of the: Aro of 00. Oll and ;:(as leaseholds and lands :lee assessed :it R' 5 It .I,.i.: :.�: . .. •I•., I }_ *1-- • ._ , primary production:secondary ororl:.ction is valued at 75% All other property, including variant land is values: by ronsa rind thv :",St ,r.ark•a- r-r.1 :nrotr•r r;t.ro:;r: ; If your concern is the amount of your property tax, local taxing authorities (county, city. fire pror,ection. ,e r: .:ther special districts' l• budget hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts dnd plan t•: ^=•.c;*+•e�r The Assessor has ran fu!ly s~t dicio all available inf;rmation, giving particula` J`tei.pu: ' :. .. I mined the valuationfs; assigned tc your prop:r;•y. Tne n:ast!r1S for ;:l s dote n,nat...- ,3ELOW ARE THOSE PROPERTIES WE CONSIDER AS COMPARABLE TO YOURS. WE FEEL THESE COMPARABLE'S WILL SUPPORT THE VALUE WE PLACED UPON YOUR PROPERTY. ASSESSOR' S NOTICE OF DENIAL PETITIONER'S I ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE `- -" -' __.._. .._._.. --. OF VALUE ACTUAL VALUE . ACTUAL ,IALui: - PRIOR TO REVIE.Y AF'=.!; LAND 10. 800 10 . 800 IMPS 19.713 19.713 • • • - -- _ TOTALS s 30. 513 S 30+513 s If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further,:•;:�;,d,- 39-8-108(1)(a),C.R.S. Please see the back of this form for detailed information on filing your appeal. By: WARREN L. LASELL -- - - - 45/az/91 :VELD COLNTY ASSESSOR �Pt..tiV lOJ "^ PR zo'•a'.yl _ ADDITIONAL INFORMATION ON REVERSE SIDE YOU HAVE 7 ME RIGHT TO APPEAL THE ASSES;:✓R'S DECISION The County Board of Equalization wili sit to hear appeals beginning July 1 and continuing through August 1O for real property (land and buildings) and personal property (furnishings, machinery, and equipment). 39-8-1O4 and 39-8-1O7(2), C.R.S. APPEAL PROCEDURES: you •:hoc :e to appeal the Assessor s decision, mail or delive one copy of this completed form to the County curd of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED ON ':YR BEFORE JULY 15. WELD COUNTY BOARD OF EQUALIZATION.; - 9 i 5 10th Street, P40.JIgg:758 . - Greeley, Colorado 80632 • Teiephono 1303) 356 4000, Ext 4225 NOTIFICATION OF HEARING: r?c:titled of the time and place set for the hearing of your appeal. wOL1NTY BOARD OF EQUALIZATION'S DETERMINATION: Me County Board of Equalization must make a decision on your appeal and mail you a determination within five tws;ness days. The County Board must conclude their hearings by August 10. TAXPAYER RIGHTS FOR FURTHER APPEALS:_ ifvol.; are net satisfied with the County Board of Equalization's decision, you must file within thirty days of the County Board of Equalization's decision to 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 (303) 3564000, Ext. 4520 - Arbitration: - - WELD COUNTY BOARD OF EQUALIZATION 915 10th 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 18. 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.Attach additional documents as necerssary. • Although in his denial the Assessor eluded to providing comparable sales „ mama pere provki,ded. It appears that the Petitioner ' s comparable sales , and certified appraisal submitted as documentation for protest were disregarded in the Assessor ' s denial . Subsequent to the original protest the Petitioner has had another appraisal done on the subject property . This appraisal has established the market value of this property to be $10 ,000 . The Petitioner is therefore requesting that the Assessor ' s denial be reversed and the actual value of the -subject property be established at $10, 000 . Please direct your decision and any other correspondence to Susan H. Jung , Agent7A 8766 .VORp,t Iowa Ave . , Lakewood , CO S02_2. 44 ::ATE STATEMENT OF ISSUES INVOLVED S/17/%7 REAL PROPERTY QUESTIONNAIRE • TIE NMWE YOU FURNISH MIMI Mitt W RIE TIE 1SJIMIH NOM EOM aE NI,-ISM�Anna AMM ON&M C MANUS AS NECESSARY. fs DATA M SOMME MMMM TE 1E PIS.ASSESSORS MAY YE MTh ME Tali RYE RMIM OEM AIN]M.HMO. j MARKET APPIIOACN:The worn&to yaw usw vie Ire i e appropriate time period to GbtldaOnawn!Wan of your property.The following nemr,if known.ell alp You animate rho maw value of your proper If mart Ina,a COPY of env'Omit or written estimate of valer • New aimilw preenno in yow Mtmadhte eseghbmaod gold? - /�DATES0O PROPERTY ADDRESS SELLING PRICE 88 1 a9 dir4 sT K.Pz G a .Zs 9.5"0 /�1/ l+sl fr ote,4 r .2 f SOD gent" nit/144e Le -1.//c Co ? cre-D Mved on taw elm ond amounting for clansmen Mlwan sold prOoartHe end your property,note the a lin of tow Moony S 2..4 OOO COST APPROACH:This approach to Woe wa reolaamat construction cons from the opproprlato time peiod to determine the value of your orupmy.The following new if known,will alp you estimate the replacement cost of your property. Yelp Malt Builder Capra'Comtructmn Con Lin all charges made to your property prim to January I of the current yaw,rt.,remodeling of bath or kitchen;conversion of patio or garage to hying area; edddi0n of mar,woe,now rooms,Of finished Irmern. DATE DESCRIPTION OF CHANGE COST ar -T 4 Your hew in ryplcol condition for t.p? X not why? laed on the slink con of tpvmnsen snd Of my COMMA cots the total Wen of your property.S i INCOME APPROACH:IUSE FOR NONRESIDENTIAL PROPERTIES ONLY.)Th4 amrogoh to were mevnu acoroml net lame from tea eppaprwu time ! pried into omen worth. X your property wag named or laud,attach opetine statements thawing rental eel nor amounts for Me MopertY. ` Irtllmte Newn foot rental rue for all tenets who nootbted lace(Attach re schedule) M known,lit rents of compralN prawns. X NSW&attach opening statements sawing rental eel opens'amounts for commits!.yroperh. If en awaMl using Me income approach era conducted,plan mach. �) FINAL ESTIMATE OF VALUE$ .C 2, po0 PERSONAL PROPERTY QUESTIONNAIRE ATTACH ADDITIONAL DOCUMENTS AS NECESSARY MARKET APPROACH:Thisappreoch to value us win from the previous yar to determino tha anal value of your property on;nary I of this yen.The following items,i1 known.rill hip you Winne the market value 01 your pommy. If wadable,inch a copy of any appal&or mitten estimate of sloe,if mnduned during the previous year. Nays eimi4r properties sold during the werioN wort GATE SOLD ITEM SELLING PRICE Mad an tlOr ale sal arpuming far Whew=M Man sold prowl.and your propmy, • mast do you Wiwi your property mule hove sold for an Mowry 1 of this war? f COST APPROACH:The amprprNe Mut Yle rowMomsol con mot!age daprriation,to Oink.' Niue of your proparty on Jemmy I of this yes. be Estimsud Repbument Cost NMI SPura Her Orin been mat tots PrOPerty.i.h,riwbiNint raoMitioning:edition d ovnmmnts.etc.?_N0_'ES If we we date do motion,end estimate cost. 1 DATE DESCRIPTION OF CHANGE COST ' b War aNme in a MOW condition kr hoop}-H not.why? land on dr original met of wprisition and the con of any Owns bag deprKbtion, W ien to tool slue of the proMty a of January l of this yen t INCOME APPROACH:Th4 sworn to Ms cavorts aseb at mama Own tM Mabw war into prase worth on January I of ihw year. If pet Property era uswl Of bast Ming IS preview Yet,IMO morating m,mon showing renal end opens mecums for this property. N known,list rmm of comrreble equipment nosebleed going the orrlus may N an marshal tow the anew Num&err contacted Maim 1M prrnms yet plea mph. FINAL ESTIMATE OF VALUE S • &MEMT&SNOWIEST:Itruns the bolsa oinadmr Man on my WWI reprthng to propestyw Wwun of the prooeny described ham.for the year_. 1 Apra lans Igor itteSIN !T. E/ Ily/(J/� .- Tafeplm 1 m«: 32 2. p/oo ! Omen Emwete i/i u,J. X .f/ !� i -. .,hx /7 /9? Phe mil w Sheawe a°e:d 6706 Idesr, ZYPav( ran 1ndiWe hew and olphono number for a mon to � �s jAsses wayward," omen a"duo is mrr ey: lea a worn( an802 32 — VERIFICATION:I stns ondeseiPwd mar or mar of tb ors the the Wenmrbn and omit/ • a on any attachmal tontine true and comply,mbmerma rnehen the damibad mroperte. err* / J • / PROTEST FORM YOU MAY ELECT TO COMPLETE THIS FORM ANO THE ATTACHED QUESTIONNAIRE TO PROTEST YOUR PROPERTY VALUATION. REAL PROPERTY VALUATION PROTESTS:If you disagree with the 'current year actual value or he classification 6<aunired `or your omperty you may file a protest by mall or in person with the County Assessor.Please refer to d-e.Notice of Valuation for the deadline dates for filing protests. C fn`beting'he Real Property Questionnaire dell help you determine an estimate of value for your property which can — :dvitared .o :he ,.awe determined by the Assessor. Colorado law requires consideration of the cost and market r posaches :o value for residential properties Imcludes apartments)and the cost, market.and income approaches to .d.ue for vacant land.commercial, and industrial properties. - / DOCUMENTATION-REASON FOR REQUESTING A REVIEW. �rracry e0 /is' (76 y I 1 G CC.r,'f.'o teen'is. Tiro/ /�I'77:S4V1 /12sS am, ter- 77 F.-leer/ L y et e& is l//s- 4/1e, /mac. 4c 724 1/te � VLA- S u die r T 140 rD,pr e. iy a 1- • 0 'r/ Se/Tai/ Aar' zy /9O 9 r6 le O00 PERSONAL PROPERTY VALUATION PROTESTS:If you disagree with the -current year actual value" determined E for your property, you may file a protest by mail or in person with the County Assessor.Please refer to the Notice of Valuation for the deadline dates for filing protests. Completing the Personal Property Questionnaire will help you determine an estimate of value for your property,which ;an be compared with the value determined by the Assessor.Colorado law requires consideration of the cost.market Ind:ncome approaches to value for personal property. DOCUMENTATION-REASON FOR REQUESTING A REVIEW. `t'> IF MAILING THIS PROTEST FORM, PLEASE MAKE A COPY OF THE REVERSE SIDE FOR YOUR RECORDS. sevt.a,a �- • 8o-n-.18,2'2,213 88.91, �- -- — - - - - ------ � z-_ la a A g 'i I llI ;Sow I - , a F ..ra tat IEy II • ¢7 t O ' J 1 m rY , 1 {F■pa4(. il:i p C! laaMil m � r !l ; � . � C. • W il 'I_ __ , X £ iq GGg II gaol r I g ,I o g± ₹= ry f J11) 1; aQ j 1 _ III lilt 2, 1 111111 CI Or en_ gi :2 I 1 if Ili 1;1 ii L ,...r, ; :til; Ira rt _ im a r- ii Iiii l g c J ill al: la ill — !Ili _ - _.. _ f gig _ $ }il I -41 as • C i r _ .r - V Q ♦ � . J J . :- 0 .. ' a ; COQ n < J b M. _=•' ,�. r s -' O JJ ,y - + - v v� a - . . M t• --- - ra ,r n_ - " _.__ f . • °L rt - a �i i- as _ a n - E., w w a r hynw.e a' a N ` M N XII ca PI :�-�; NI Oaf AO j __. ____ Yaq,jV - -t ! A FC '.-�� WrNM _ '..O n RA• ss i 4W — • • • ♦♦ tr J M . . _ -•w.a ono w, r 04. ZO g � Nq /3 o p. Cmw NI Yw1. (Co ... 4 = t y �wNVY c .A M. M al ff~ - �� ... - - __leaki rty ow see a Analyses UNIFORM RESIDENTIAL , ,RAISAL REPORT OH*No. -- Property Address 343 3rd St. census tract !fi LENDER DISCPET'ONAPv:5E C,tY Kersey County Veld State CO Zip Code' Judd Sale Price S Legal Description bate 25 - 30. Block 3. Kersey Cate u Owner/Occupant 'annals. Pauline N A Lester Carols M Map Rererence Mortgage Amount $ Sale Price S N/A Date of Sale N/A PROPERTY RIGHTS aPPRAmSEO Mortgage Type �, m Loan charges/concessrons to 0e OdmO Oy seller S N/A '1 Fee Simple I rr�— Discount Pants and Other Concessions R.E.Taxes S 314.30 Tax 'year 1gga HOA S Mo. N/A Leasenom Paid by Seller S Lerner/Client Ted June L Conaommmm(HUDivAi P.O. BOY 3670L- tyge. CO eo2�e I De Minims PUD. Source LOCATION _Urban ix Suburban Rural NEIGHBORHOOD ANALYSIS Dom a.g. %3,r BUILT UP .1..; Over 75% a 25-75% Under 25% Employment Stability — A _ GROWTH RATE Rapid X Stable Slow Convenience to Employment — A' _ PROPERTY VALUES f, increasing I Stable _.Decbning Convenience to Shoomng _L _ DEMAND/SUPPLY L.Shortage J In Balance Over Supply Convenience to Schools J , _ MARKETING^ME Under O Mos. _116 Mos l Over 6 Mos. Adequacy of Pubic Transportation it. _oI AL _Ej PRESENT LAND USE ?6 LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING Recreation Facemes � _ _ Single Fdmily SO Not Likely �`,f OCCUPANCY PPIDE AGE Adequacy of Utlbnes ' a 2.4 Family Like& Owner ' slol)bl 'vrsl �Y. J Property Compatodny _ IL m Multi-lam& In process Tenant 13 Low 1S Protection from Detrimental Cond. Commercial To: Vacant(0.5%1 nil Go %go g0 Poke&fire Protection it( — — w Industrial Vacant(over 5%I!1 Predominant General Appearance of Properties I is Vacant 10 de — 50• Appeal to Market p' _ dire Note.Race or the racial composition of the netgnborhpw are not considered reliable enrolee'taC1as. The strove indications are from ob- COMMENTS'. mervatioc Only and do not renreseat a statletinsl analysis'. Farming community of snores. 1000 located ansres. 10 mi. east of Growls,. thw Veld County wt. Area comprised softly of avg_quality SFB•■ selling in aid mice range. with some ewer development on the anuthere aides of !nun Nair amenities are sysilahle in Greeley. Dimensions 150• x 135• Topograony Site Area 16.750 sr Comer Lot Yse Sue Level Zoning Classification a (BmeldsetlLL) Zoning Compliance yea Snaps HIGHEST&BEST USE:Present Use Yap Other Use Ya Drainage UTRJTIES Public Other SITE IMPROVEMENTS Type Public Private View • m Elechlciry Street Asphalt Landscaping N us Curb/GottaQuiresb_ pear (nmeleated) Nate '_ DrivewayYen Sidewalk S.oelar&t1 Apparent Easements mug Sanrtar Sewer PUY end of record Y Street Lights Corners FEMA Flood Hazard Yes' No y Stem Sewer K Alley Yes Nest) NI FEMA•Map/Zone go. N Ol COMMENTS(Apparent adverse easements.encroachments,special assessments.slide areas,etc.l: Site consists of 6 lots--according to Norm buildieso•restrittione. a minion of 7.500 SF is reamired of each building site. GENERAL DESCAIPTICN EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION Units 1 Foundation Caparetm Slab ewe Area Sq.Ft. 387 Roof i l Stores 1 Exterior Yells Yoc d Crawl Space Nog_%Finished lin Ceiling unto L___ w Type(Ds./An.) meant Red Sortsce Chen.9hme 618aMent f Design ISryul �Oaslam_Gars 8 Dwnspt. Yee Calling _Ma_ Waltz Linksq, MOOR Sump Pump Woes Y/A Floor Nokia Existing Yee Window Type Yaad Dampness manithnt Floor _Ea_None — a• Proposed Na Slam SW Ns, Settlement Distede Entry Yee AdepuacyyaNN n Under Cdnnstnxtnrl � Ito Screens yea Inlestalpn YotsOhsvd Boat le ■ Energy Efficient items- Age firs.) 8s Manufactured Howe le cell er v/entry Yore Effective Abe(Yrs.) 70 from +aids F ROOMS Foyer IUving Dining_ Kitchen Den Famny Rm. Re:.Rm. Bedrooms a Baths Laundry Omer Area Sq.FI. Basement 387 Level 2 1 1 1 1 1 8 7.57 • Level 2 765 Fleshed area sfinee grade contains: ft_Rooms; 3 Bedroom( 1 Rath(st 1 n22 Square Feet of Grass Living Area SURFACES Maleiats/Condition HEATING KITCHEN EQUIP. ATTIC IMPROVEMENT ANALYSIS Good Arq. '''air ':Cr Roots Carost/Vinyl TYDe FA Refrigerate E None E Duality of Construction _ — �Mils Plaster Fuel NG Range/Oven , Stain Canton of Improvements r Trim/RNeh Poor Condition (Jake Disposal Drop Stair ,ry—11 Room Sizes/Layout YJ Bath Floor Yinrl Adequacy worn Dishwasher Scuttle Closets and Storage r Ban kee p cre COOLING Fan/Hood Floor Energy EllicleRCY — -, ? Doors Wood Centro Neal Compactor Fleeted Plumbing-Adequacy&Condition li Y. Other Nape Washer/Dryer Finished Electrical-Adequacy&Ganda= E ^ 'X a Condition N/A Microwave Kitchen Cabinets-Adequacy&Cond.lI J Y FrepaceU Woad state a 44 Adequacy N/ Intercom Compatibility to Neighborhood i _xi -- CAR STORAGE: Garage I Attached Adequate House Entry Appeal 8 Marketability Y allo.Can 1 Carport Detached Inadequate I Outside Entry I Estimated Remaining Economic Lite 70 Yrs _ Condition Poor None _Built.ln Electric Door_, I Basement Entry' Estimated Remaining Physical Lite 7s, vrs Addeenal Mahan: Detached concrete block atria& (no doer) • PhYs. detien hosed on analysis of effective ace/remel life rig concept (60/80.7581 h Depreciation(Physical,funcoonal and external inadequacies,repairs needed.modernization.etc.)'' Pause la in need at extensive repair and modernisation. i.e. closets in moor bedroom. remodel_kitchen end bath. several electrical tires are renamed, mintier wall pins from road furnace mill. eat Sleet rode. It ion f recommended that foundation be inspected, a• creaking end settling rots sated_ *ice. above) . General market conditions and prevalence and impact,n sublect/market area regarding loan discounts.interest ouydown5 and concessrons'. The market tie stable and no financing( concessions or buyelorns are anparent at title time Typiral (inane- .. ypr a..ion _ UNIFORM RESIDENTIAL APPRAISAL REPORT Pus No. oumose of Apr is to estimate Market Value as defined m me Cernlicanon d Statement - miring CvnmCons. BUILDING SKE 'HOW GROSS LIVING AREA ABOVE GRADE) MATEO REPRODUCTION COST-.YEW-OF lMPPOb E'AENTS II b Frwli M•e>Fro Mot NV only Kurt loot uGYln W COM.W f Cbnnanb m fns soma. Dwelling 1,022 Sp.Ft. D S_35_00 =S '1�77n Cellar: 3117 So.Ft C$ 7.50= 7 on3 Nein Floors Extras = 6' x 18' • 108 = 24.5' x 26.5' • 649.25 • 737 Special Energy Efficient Items = Z Upper Levels Porches,Patios,etc. _ • 10' x 26.3' • 265 Garage/Carport 311 $q.Fl. 1$_Lassa- 3 toil Total Estimated Cost New =$ a2 173 p TOTAL 1,022 SF physical Functional Eab.mal Less a- Depreciation 31592 ' -0- i -0- =$ 31 502 n Deprecated Value of Improvements =$ 10.331 U Site Imp.'as is''Onveway.landscaping,etc I =S ESTIMATED SITE VALUE _$ 12 000 Ilf leasehold.;DOW only lleasenold value.) ouNtATEC VMS IT COST APPROACH _$ 22.531 (Not Required by Freddie Mac and Fannie Mall Construction Warranty _ yes �(, No Does property conform to applicable HUD/VA property standards? ,r_, yes , No Name of Warranty Program N/A If No.explain: Warranty Coverage Expires N/A The endangered Ms recited three recent sales of docents most smear and proximate to suoiect and has consigered IreY.n the—aver ar me doc:ot o�' - - n. - dustmen reflecting market to those need d spmg rnt venation between the ana compared orooered Ir a Ygmtcant den o ine.Amcarage]rope"'/s soon'or to,d more layered,men.the subKKt IXogedg.a minus let dustmen is mace.teas reagens ire trocated waste Or dialect d a significant tem m in zmcaraole 9 ewer- d lose faMJrad,maw the suop[t docent'.a Gus;el aaNatment'a maws.thus incred J the indicated value of tee suclect ITEM I SUBJECT COMPARABLE NO. 1 COMPARABLE N0.2 COMPARABLE NO 3 343 3rd St. 209 4th Bt. 141 2nd St. 409 Todd Ave. Address In C,Q Kieran. CO Karon. CO LaSalle. CO Proximly to Subject ju lu r 1 blk E R 1 blk N Approx. 10 mi. SW Iffi mats roils III Fill ;::!Ils gig Nye .Lai _ S 25.500 _ Sales Nice 5 N/A 1 R� I Price/Gross LW Area $ 0.00 ZS 33.97 ml, tI�JIIIIIIIIES 43.90 m�� siil l ;I;Tq�,$ 35.42 = Data Sara Inspection KS/Realtor NLS/Realtor NI.S/R•eltor VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION I .t-is>tiurmem DESCRIPTION I .,.,s ng„simem DESCRIP?ION sA.:or-. Saes or Financing ' - FHA 101 Cub FHA 8.9% Combats 4 points • 2 ypints • Date of Sale/Time Currant 8/88 8/89 3/89 . Location Averse., Averse. Average Average Site/View Large/Ave Seell/Avg • 4.500 Leree/Avg Saell/Avg i • 4.300 a Design and Appeal Buneeloe Bungalow/Ay Sunasln/Av Bunaelov/Av z Duality of Construction Rele. Avg Average - 2.500 Averse. - 2.300 Averse. - 2.5_. An 1900 1919/Reedit - 5,000 1939/Resdld - 3.000 1946/Reedld l - 3.000 . CondtUat Poor Averse. - 2.500 Average_ - 2.500 Average - 2.300 Abuse Grade lea 1 BEng i Bathe lout ;Odd, Bad tow •soma aims total Sams 3aine a Roan Count 6 ; 3 ; 1 4 ; 2 ; 1 4 ; 2 ' 1 4 1 1 Gross Lhring Area 1.022 SO BC 764 SG FL • 3.330 672 Sq.Ft. • 4.550 720 SO.Ft • 3.900 • Basement A Finished 387 ge 382 SF None • 1.000 336 SF v Rooms Below Grade Cellar Y - 730 BR - 750 a Functional UDllty Average Averene Averse. Average a Heating/Cooling FARO/knit FANO/Mane ERR/None • 500 IANO/None • w Garage/Carport 1 oar dot. 1 our dot 2 gar dot - 1.300 1 oar det Porches.Patln None NOM None None Pads.ex. • Spatial Energy Nose TMrsoNdre - 1.000 Nose Store Nadas • - 1.000 Efficient Items I Frepratetsl None None Nano None Other(e.g.kitchen NOM None Biding i - 1.000 None • ntlr Ienpdean10) I R III S 22.030 It_ L1 it VIII $ $ 3.330 6.4'.a0 t Y -Value IdSubjet ! 23.050 Ili :Hs 22.130 Cements on Sala Compar t glee truly oospareb Belle 'ere limited, nae.ssitatino the use of an older sale and one !red another similar cossunitv. MATEO RAN R MU CINMNlN AMAMI S 22.000.00 IIIICATIN TAM II NICHE APPRI6R 10 Applicable)Estimated Market Rent$ --- IMo.x Gross Pent Multiplier --- -S ----r This appraisal is made E -a LJ is"❑ sublect to the repass,alterations,inspections or conditions listed below completion per plans and specifications. Comments and Conditions of Appraisal: NOM z Fad Reconaliation: The earket approach is considered the beet indicator of value. as it most . accurately reflects the current market trends A barer attitudes. The gat encroach supports a the market approach. This appraisal is based upon the above requirements,the certification.contingent and limiting conditions.and Market Value definition that are stated in • J_ � FmHA,HUD Ala VA instruction!. _ z Freddie Mac Form 439(Rev.7/86)/Fannle Mae Form 1004B(Rev.788)filed with client October 9. 19 89 E.,aoacnea U I Inn ESTIMATE TN MARKET VALVE. Al OEFREY OF TIN SOIJECT PROPERTY AS OF 9eeteebn 29. II 69 Ie ale S 22.000.00 W (Wall and out. that to the bat 01 n e 01.11)knowledge of all co the bees and data d used herein are truand t and iwercorrect.mall l(wall closed interest inspected t °res ine r brow property Oct meth and WI,and nave luaus an exterior mepKlKKt of dll tpmpardDl!sates Cited in In6,!part'.dM mat I Iwel hive n0 uMisc105ld tmeresi.present or pmspeOrv¢'nereirt APPRAISER'S) - REVIEW APPRARER _ _ signature •x:,.rT's -`' r..J.' . ,,.�) I aoduw' 59^ware A .(.(AIIIA/r IL 0i0 _DiC Not Name Janet Nelssinger - Name Bud Clemons "isoeci ProCe'y PHOTOGRAPE. „JDENDUM pirl M'I Chem IEd jin2Q Property AdWOO 344 3rd St. car KPrsev CourvL Weld State GO np coos 30644 Unclog i o. _S4‘ : FRONT OF SUBJECT PROPERTY ` t I• aleillabs I • • REAR OF SUBJECT PROPERTY 1,• 3 • ' l !'!'. - , ��.'. J STREET SCENE __ -- ® ADDITIONAL PHOTOGRAPHS ON REVERSE SIDE __ ,..T • I. - i a • �. • I*.a• � r 1 DETACHED GARAGE t _ PHOTOGRAPH ADDENDUM IAPISVW'Cuenr TPA du op P•openy Aaareas 14C 3rA St I C. v KPrsu C«rw WPId Aare Colorado a xe - - __ _rapeaz. __ _R0644 --_ 1 COMPARABLE SALE 41 1 ,1 t iii • i i a 7 li ' � � i� I r i ---...... -... i I COMPARABLE SALE#2 - e. . _•r .6 r s ._ n: is.t ' L art . � k ; �' . �� _ - --=�-- - _- - - .Iiies .50 _ ' COMPARABLE SALE 43 - ' - r x t�_ `�, '�v- -I- r" ✓ !�, ` i� , 6 fr � • , r tie./-� ••• ' - - Pigf + • _ er MAP SKETCH ADDENDUM Sfr1 /ellCiient Tad .Lmg Property Address 14S ird St City Karcay County Wald State fn Zip Code Pnfi44 Lender BUILDING SKETCH C S 6. " a r_. De. 0� 4ts- .74.5 40.4" tJZ g2 .1/..5 } LOCATION MAP ('SUBJECT PROPERTY] 1 Attached • PW 108-4398 sales aigeaedwo3 /i. cr r ¢ill . ,- 1C KT N LA '" / �/ N II Y W O N • a • jl g r • ^ r N 1 2 x o I o S 1- = W C H N in 13381SS-M1 L i I z o G Ita i r 133!i1S 1M19 1° II 11331:11SH 1S S • •w � -- La 6g ¢ G t- in r I r O w r w r V G W W H r W 5 W 13 1S ICI) V s r. W YX CC V~ 0 Y ~ IU J� Y•'W J—' la N w 1-7 133tl1S a °tl' y m i �� J 14i = \ _. U E s O r ✓ 133tl1S oNZ I o ¢1 x I -- � Ja' aqa T , �- 1331;11S is -, ' f6„ uVOu 1.1r1n07)_r to al ;I4 N ! Z _ 1 V . I—-LL_I . Property t..aynon&Mein. UNIFORM RESIDENTIAL A RAISAL REPORT Pile Me. Property Address .aY3 .r•,, = _e- Census Tract _- LENDER DISCRETIONARY USE City r,ersev County „e State,_ : z, Zip Code c_.;.,y Sale Pace S . Legal Description .__,ca. _:•0 :,nru v. _._-.• _ :.•r-. - ar--ef Date O Owner/Occupant ,a., 1 r.a ;,, a 0a:-•_:m .. .u:.-_.3 'Nap Reference... Mortgage Amount E_ n Sale Pace$ vi H Date of Sale ;v/,r PROPERTY RIGHTS APPRAISED Mortgage Type - 2 Loan charges/concessions to be paid by seller$ .r;4 Fee Simple Discount Points aria Other Concessions R.E.Taxes S ti i ti. :3 Tax Year _:i°i HOA S/Mo. . H Leasehold Paid by Seiler S Lender/Client :ier•.er =ost al :.,-.(c'.c .,r: Conoometium(HUD/VA) ci t t r.; Ann �iousri .De Minimis PUO. Source ' LOCATION I ,. Urban j..Suburban ; a Rural NEIGHBORHOOD ANALYSES Good .Avg. Fa. Pcor BUILT UP Over 75% 74,25.15% , Under 25% Employment Stability F-11 ::J• CT) 7- GROWTH RATE Rapid Stable .k Slow Convenience to Employment I . J L_; .' PROPERTY VALUES Increasing A'Stable Declining Convenience to Shopping J r— DEMANO/SUPPLY J Shortage a�In Balance Over Supply Convenience to Schools E ,J � MARKETING TIME 7 Under 3 Mos. J-71,1,3.6 Mos. I Over 6 Mos. Adequacy of Public Transportaton o PRESENT LAND U ? O USE e LAND USE CHANGE PREDOMINANT SINGLE FAMILY HOUSING Recreation FacturesLLn ' O Single Family -it:,..,.. Not Likely , OCCUPANCY PACE AGE �5 G S(000) (yrsl Adequacy of Utilities �l cc 2-d Family Likely Owner L'7. Property Compatibility (� I •' re Multifamily in process Tenant J ;,, low eW Protection from Detrimental Coed. • I Commercial To vacant(0.5%) G) "°.c Mien ;•._,i) Police 8 Fire Protection � '� '~ � m Industrial Vacant(over 5%)C PrederreMrtl General Appearance of Properties � I Li y „ • z Vacant a,.% _ — ;QC: to Market i ;, . Note:Race or the racial composition 01 the neighborhood are not considered reliaole appraisal factors. COMMENTS: ire s+.:oleo Iles wl'.niri ;ne town of ,.eryev. An Icri is a_s:da,i. r•,.eai 7,:...r. .. ;01. _£._. of Uree:B./. .t _ccear's cc_ oe a,.::ey _aria _o; :coo real rcerarce• wi• aacird• c _. - :_ - .., •- a7Dr:x .r c.+.s N. _CrOO: is lilt"::r. waike[rro olstar,Ce. osier :ar h :.r:'._1'-= --.. L.- -_- - street. roe for anoODlnd 119 ,.-._r'o.F.e•r. 'arwe_arai_._:r.Y is -.rsl-Prre..J cr. na 3v@ .-.. - Dimensions c 7-:, A :jv Topography _a.e:e_ •w __. :-*-7.:-.•-,_ _ Site Area iEk730 B.F. Corner Lohvr_. Sim - , Zoning Classification k Zoning Compliance r sg Shape .e._-.z, 2,-7,- HIGHEST 8 BEST USE:Present Use 5.F.1:(. Other Use o,:k; Drainage „year- _ _,..-= UTILITIES Public Other SITE IMPROVEMENTS Type Public Prrvate View �-rte. std=at _--•_ LP Electna ❑ Street ty A Asor.sit ❑ Landscaping - NGas Q Curb/Gutter C.ricrete ❑ Driveway ryrr,e Water A Sidewalk Coner'ete E] ApparentEasements Over^?ae •r1r1Tg Sanitary Sewer ❑i Street Lights maloaen A FEMA Flood Hazard Yes' No x Storm Sewer [ z] Alley Gravel_ f ti FEMA'Map/Zone ,I-t a _ar t:-1^?i: COMMENTS(Apparent adverse easements.encroacnments.special assessments.slide areas.etc.): -nis is not a Known s1 tae area. Overneda Wlrino corsicerec acverse easemer:t arc er:c•--:ac.rmen_t_ to tine suoJec_--,,_ --.1.a,-e dr`e ,_ soecldi assessmertsti n::..ever, :apes a..ear excessl:e. _ GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION Units 1 Foundation Concrete Slab Area Sq.Ft. .v/A Roof 77 in Stories 1*1/2 Exterior Walls Frame Crawl Space es 196 Finished N/A Ceiling m Type iDet./Att.) Drat Roof Surface C_�rdc.:.s:t:C Basement Ceding ,v�A Walls - 7 f Design(Style) S.A. Cutters 6 ownspts. Sorge Sump Pump Walls 'J:N Floor ❑ � Exishng Yes Window Type Wcoia case Dampness Floor ,•-•.:C None - L_ a Proposed No Storm Sash des Settlement Outside Entry N,,q Adequacy_ 7 f Under Construction No Screens Y es Infestation Energy Efficient Items: Age(WS) 31 Manufactured House v;A Effective (Yrs.) 75—y; I F ROOMS Foyer Living Dining Kitchen Cen Family Rm. Rec.Rm. Bedrooms *Baths Laundry Other Area Sq.Ft. m Basement _ • Level 1 ... L;,;. O Level . - o - 1 Finished area ably grade contains: Rooms: Bedroom(sl; Bathes): 3_7_E, Square Feet of Gross Living Area SURFACES Materials/Condition HEATING KITCHEN EQUIP. ATTIC IMPROVEMENT ANALYSIS Good Avg Fan Poo SOWS Unknown Type Lrnkn��w-itaI gerator ❑ None Duality of Construcbon L7:1, 0 IIIOMs unknown Fuel unknow Range/Oven ❑ Stairs Condition of Improvements `I .1i I�• cc Tdm/Fxksh Unknown -�nk Condition r,ow-0ISposal Drop Star • Room Sims/Layout r Bath Floor Unknown Adequacy unkn_.w Dishwasher � Scuttle Closets and Storage ❑ Q � i- Batlr MMittalart Unrenawn COOLING Fan/Hood J Floor ❑ Energy Efficiency Ej� — E-! ? Doors i nknown Central unKrn_w DOmpactor Heated J Plumbing-Adequacy 8 Condition IIrL. E'. Other i�r,know-yrbsherioryer� Finished ❑ Electrical-Adequacy S Condition ❑ Condition Unknoe. Microwave J _ J Kitchen Cabinets-Adequacy 8 Cord. G Freplaceis)Unknown M Adequacy unKn,-•w-intercom Compatibility to Ne,grborhood r�r u) CAR STORAGE: Garage A Attached Adequate _ House Entry Appeal 3 Marketabrnty J ❑ I- No.Cars 1+i/� Carport Detached A Inadequate ❑ Outside Entry J Estimated Remaining Economic Lite -i_ Yrs. a Condition poor. None Built.ln ; Electric Door n Basement Entry(( Estimated Remaining Physical Life -.._ Yrs. Additional features: Una oie to inspect ircer-i_e r:Q assess aaaea Teat,.ires. pi Depreciation(Physical.functional and external inadequacies.repairs needed.modernization•etc.): r r•orn outt er i nsCect l•:.r,s t-a 7'._•__: .- r- 6i . ;eo co ire In ObUr` Cone it l;r: arc .•eoa:". 2 2 0 General market conditions and prevalence and Impact in sublect/market area regarding loan discounts•interest buydowns and concessions: _ __• _ : . ma">r.?_�._1 - '.r0 :,1'r ...-•:(•a€._ - - 11.=. _ -__ _ - . BUILDING SKETCu tSHOW GROSS LIVING AREA ABOVE GRADE) ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: n ie,Freed.Mar or Fans.Mae Vane Only severe foot car.,,kt•ona and coat apeoacn comments in tee spat. Dwelling 956 Sq.Ft.0$ -$ Sq.Ft.®$ - Extras - Special Energy Efficient Items - Porches,Patios,etc. - Garage/Carport Sq.Ft.4$ _ Total Estimated Cost New =$ Physical 'Functional Extemal Less Depreciation -$ Depreciated Value of Improvements =$ Site Imp."as is"(driveway,landscaping.etc.) _$ ESTIMATED SITE VALUE -$ (X leasehold,show only leasehold value.) -fUIOIEATEO VALUE IT COST APPROACN ..,...... -$ (Not Required by Freddie Mac and Fannie Mae) Construction Warranty U yes ❑ No Does property conform to applicable HUD/VA property standards? ❑ its ❑ No Name of Warranty Program N/A If No.explain. Poor c.na It ion Warranty Coverage Expires N/A rip undersigned has recces(three recent sake Of=Dorton moat Similar and proximate IO suntan and has considered these in the market Warn The rtescnplgn includes a Cohn adjustment reflecting market reaction to arose items of sgnRlcant vanation between the subject and comparable properties H a significant item in the comparable property 4 Saner l0 or more lavOrade than.the Subhact Property,a minus 1-1 adjustment is meet then reducing the rtgiceted value Of subKKt it a sgndicant dam in the compared.,a;Senor to, or less favorable man.the Subject paerty.a pleb I+1 adjustment is made.then inCreaNng the indicated value of the euniect. ITEM I SUBJECT COMPARABLE NO. 1 COMPARABLE NO.2 COMPARABLE NO.3 345 arc Address i36 Campbell Street 6-1,5 Clark Street 405 Campbell Street Proximity to Subject �11f i 'J�alli1� fi W, F. ,,Cam l Sales Price $ N/R llIIIIIIIII 11 0 -- ty�,trnn till 11111��Ms -- co- iii Oltdlilb c: -(..- Price/Grass Liv.Area $ jv/A Z$ :SO.30 muuurmn0i�miIPS 41.SO 011ErrNfilli $ 4&_7e 0 Data Source Inspect Inn .6riy MLS Vol 1-91 P45 $rlv MLS Vol �-90 G67 Orly MI5 Vol (3-40 F65 VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .tq s•walatrienl DESCRIPTION .HS uwtmett DESORPTION •{As Adiamant Sales or Financing CHAFA CHAFA I CHAFA Concessions Mons cordeded Dunne recorder] None retarded • Date of Sale/Time c JI,i v 9i :7 Feb 9: 7 Tier SO 15 May 90 Location y,ersev _K-rsPv Kersey K-rse y Site/View ib75it S.c. 187:740 9.F. 187`0 S.F. 15e=5 Design and Appeal lt/in: Stnry bungalow Ranee Ririgalrma Duality of Construction ?ramp frame Frarne Frame Age 19no 19OF, tRau 1900 Condition }'r.nP Sune(r1nr $une/^in n r $upP ir Above Grade total ,Sams; Baths Total •Baton• arm Total •Bdms• Bates TaalBdme i paths( Room Count ;3 ;1 F. :-/, •= cl ;1 Gross Living Area S57 P y, • Sq.Ft. prrh Sq.Ft. IFFPI Sq.Ft. 10 Si.Ft. Basement 6 Flmsned Rooms Below Grade CrAwi space Crawl mace ravel snare L f'rawl snares Functional Utility y-Knnwrl Average PVerao_P 14VPrane Heating/Cooling yin..rrr•wei G rivi , - ,. FA G'FA Garage/Carport i par Deb t-Car onrt c-far Ttet w far- iet Porches.Pally, Pools,etc. tGc F O•rrrh 'HnCte 7PrIf N rnP Special Energy Efficient Items fir Kr(�wn Insttl Traltl Tncll Fireplace(s) Ir,r•1r•wr, INr, F P 1-F P Nr. F C[ Other(eg.kitchen Ur,Known Average Geed Average equip,remodeling) Net Adi.(total) 1lTI II I -I- , _1$ — + —_•,$ --'0 Indicated Value iI l of Subject II , , $ (unn ,- � $ rust S a; QM(' Comments on Sales Comparison: The r mpnrah lee nreeame ad are cr,1H prnpert(ec cal ruin. tnP e„plcm a n? e ca rimwever rnbs l bereft very curler nr to the si.h)ort St nre Y,r, 1 eperT tn Wac n,-±rP nftne sun Jeri- the mkt analysis rennnt hi. rmmnte ii tbar 1thy lann andsalvane yea-Ines arP nrocented INDICATES VALUE IT SOLES COMPARISON AMINN $ , ll MINUTES VALUE OT INCOME APPROACH Of Applicable)Estimated Market Rent$ /Mo.x Gross Rent Multiplier -$ This appraisal is made Q "as is'❑ subject to the repairs,alterations.inspections or conditions listed below ❑completion per plans and specifications. Comments and Conditions of Appraisal: Final Reconciliation. St=s ar rarmen Oct 4cr renern l n3 rnic A Nora i NA; • This appraisal$based upon the above requirements,the certification,contingent and limning conditions.and Market Value definition that are stated in n FmHA.HUD 6/or VA instructions. Freddie Mac Form 439(Rev-7/B61/Fannie Mae Form 10048(Rev.7/86)filed with client T(i 1v ' 19r ©attached. I IIVEI ESTIMATE TNT MAMMY MILS:SERUM OF TIE SUTAEU POOPUTT AS OF n,;y p Hal_ RAYS t(i ieln I Ml))certify.Mat t0 the be f my lour)knowledge and belief the facts and data used herein are true and correct:that I(wel personally inspected the subject property,both inside and out,and ade an exterior inspection of all comparable sales cited in this report;and that I(wej have no undisclosed interest,present or prospective therein. APPRAISER(S) 1� . REVIEW APPRAISER Signature A.L ,V r� 17t applicable) signature ❑ Oid ❑ Did Not Name - .4 zaoetr Fun ler CAE. IFS; Name Inspect Property Fredde Mac Form 70 '0/a6 12CH. AMERICAN REALTY FORMS,INC.•1(8001642-9494 Fann,e Mae Form(004 10786 Item•10312C • PHOTOGRAPH ADDENDUM Borrower/Client Pauline N. 6 Cardin N. Nichols Fife No. 91S4 Property Address 345 3rd Street City. Kersey County Weid State Colorado Zip Code eD544 Lender Denver Postal Credit Union :,i1 1 • . _ FRONT OF +�Y �' 74 �6 ��._� 1_ ` . y c SUBJECT PROPERTY ^r . i r,`It f1�,jX,jdt,.1 r r Y f,' fy •14t F i`1!•�, I. ' -' • '�• l s A o •t . ;- REAR OF LSUBJECT PROPERTY A� ��- - h' rr.e It q w. rs- ��• I�s�;r-"':-- fs.t', ' ..- ; ei t 4 . ,t• fi � i - , t.: I . �, .._ at t.. • T r . n..t i • r •. STREET SCENE ?tI. . • .t' , ,. _....:C---- _ ..�.. - - ..' �YT' r ..-M. . • • ,1. w_ .t'',;,' y 1 `a :max-- ,• ...--_-.T.:'-.• ----=.'",..., : • a - r _ aillt Q , • • `V�...r""'n • • i r v f '22 s�� Y. t • 3 . .4 111.'d kitnibiLL2 .y v °t lam- I j r•• TY h .....-ire}. 4�'•^ • SKETCH ADDENDUM Borrower/Client Pauline N. 6 Carole N. Nichols File No. 5154 • Property Address 345 3rd Street City Kersey County Weld State Colorado Zip Code 80644 Lender Denver PostalCredit Union • 18' 6' Enclosed Parch 24.5' No entry to give subject roam layout. 26.35' PHOTOGRAPH ADDENDUM Borrower:Chem Pauline N. S Carole N. %O Gla Fa•NO. 9154 pmpeny Address 345 3rd Street Gtv Kersey County Weld State Colorado by Cods 60644 Lender Denver Postal Credit Union `- COMPARABLE SALE # + L., �� an,ra Ea! OEM� MIMS • .. �� r`j" l I 'F,fps• e. • COMPARABLE SALE # z - ' L� .•N.,- ti 4-i L a l • }R COMPARABLE SALE # 3 • ,• :=oL..._ - 1--.11.�-•q.. '�•�'1'h.- ir.fllY vim. _ W rive '.R Y c44 t INLELIFORMe Mule Mallon Avenue Garden Greve.CA ran 103001722 4013 t1 �— I\ , i{\. � V m to. o palgn5 M a v m1.,1, o Subject i Z �+ ti o Third St Peet 4 I 2 ca: • 4 > a b • a w m v 4 a to n, Z. ILI _ 1 S� yy! , � , . s , a h w v ni, , , � ,,, y r 6 v o 4 > 0 C h1 o fourth Sfr••l, 111, A� w `t, ro e .. a 4 ,y W N .. h b Q a y '� a I II L I 4 h r if! I' 1 ..'5 o fj fth Street � '�^S� c R �c o 'm v * h r n `° ¢ Neat, < a. t, R .,_`.'y'ia-t4- :. s - k... � F n W e h : N a r ° -. m t.. y, y � W I". c ...... t1,...T.1::4.. f ' • ,. M 7 11 rSi..Ih Street .T - ---- -- i y W ° u ^ e W w, o '° % y e, 4 i h n • 4 JI If�1' C I DEFINITION OF MARKET VALUE: The most probable price which a prnpeny should bring in a ahmpcmice and open market under all calndilions requisite to a lair sale. Mc buyer and seller, each acting prudently, knowledgeably and assuming the price is not alleeted by undue stimulus. Implied in this definition is the consummation of a sale as of a specified date and the passing of title from seller to haver under conditions whereby: ID buyer and seller are typically motivated; R1 hmh parm<s are well informed or well advised. and each acting an what he considers his own hest interest; (3) a reasonable time is :coned for exposure in the open market; 141 payment is made in terms of cash in U.S. dollars or in terms ill financial arrangements comparable thereat, and 151 the price represents the normal consideration for the propene sold unaffected by special or creative lin:nerng or sales coneession.s•granted by anyone associated with the sale. 'Adjustments to the amup.oabin muss he made for special or creative financing or sales concessions. No adjusonens arc necessary for :hose costs which are normally paid try sellers as a result of tradition or law in a market area; these costs are readily adenldiable since the seller pays these cows in visually all sales transactions. Special or creative financing adjustments Lan he made to the comparable property by comparisons Ise financing terms offered by a third puny institutional lender that is not already involved in the properly or transaction. Any adjustment should not he calculated on a mechanical dollar for dollar cost of the financing or concession hut the dollar amount of any adjustment should approximate the market's reaction In the financing or concessions based.m the appraiser's judgment. CKstriFIGYfION AND STA TEh1ENT OF LIMITING CONDITIONS CERTIFICATION: The Appraiser certifies and agrees that I. the Appraiser has no present or contemplaied future interest in the property appraised: and neither ahc employment to make the appraisal. nor she compensation for tl, is contingent upon the appraised value of the properly. 2. the Appraiser has nu personal interest in or bras with respect to the subject martyr of mhe appraisal report or the partici- pants to the sale. De "Eslim;ue of Market Value" in the appraisal report is nil hosed in whole or in part upon Me race. odor, or minimal origin if the pmgxeine owners or aceupanls of the property appraised. or pin the race- color or national origin or she present ow tiers or occupants of the prupemes in the vicinity of the property appraised. 1 The Appraiser has personally insNcied the property, both inside and out. and leas made Lill exterior inspection of all comparable sales prided inn tine report lib the hest of the Appraiser's knowledge and belief. all statements and Intonoanon in this report are true and cmresi, and Mc Appraiser haw nil knowingly withheld any significant infiormamn. I. All Conlineemmt and limiting conditions are conlaaned herein limposed by the Icrins of the assignment or by the under- signed attesting the analyses, opinions. and conclusions contained in the rcpoml. 5 I his appraisal report has been made iin conformity with and is subject to the requirements ill the Code a Pet lessmnal Film n I Simulants ot Prolessiimal C ndueh ol ihe appraisal organizations with which the Appraiser raiser is all-dewed t. .111 conclusions and opinions ncerning the real estate that are set Path in the appraisal report wee prepared by the Appraiser whose s m:mire appear.' on the appraisal report, unless indicated as "Review AppMiser:' No change of one dent in the :ppuaisnl report shall be made by anyone oilier than the Appraiser. and the Appraiser shall five eta responsibility tar any such unauthorized change. CONTINGENT AND LIMITING C ONDITIONS:The certification of the Appraiser appearing in the appraisal report is subject to the Iblbwing amditiuns acid to such other specific and limiting conditions as are set forth by the Appraiser in the report. I. I'bc Appraiser assumes no reap ns'hilay for matters of a legal nature affecting the property appraised or the bile there- in. nor does the Appraiser render any opinion as to the title, which is assumed lo he gad and marketable. The properly is appraised as though under responsible ownership. 2. Auy sketch in the report may show approximate dimensions and is included to assist the reader in visualiimg the prop- . crty. the Appraiser has made no survey of the pmpeny. 1. The Appraiser is not required mr give testimony or appear in court because of having made the appraisal with reference h.the property in question,unless arrangements have been previously made Iherelir. .1 ,\Iy distribution if the valuation in the report between land and improvements applies only under the existing program of uuiianon. Ilac separate v;du:oaons for land and building must not he used in conjunction with any other appraisal and are invalid if set used. 5. The Appraiser assumes that (here arc no hidden or unapparcnt cundilinns of the properly, subsoil, or structures. which would render it more or pros valuable. The Appraiser assumes no responsibility for such conditions. or lar engineering which might be required li dascmcr such laclnrs. h. In orm:Moo. estimates. and opinions furnished to the Appraiser, and contained in the report. were obtained prom sources mnwuh'ed reliable and believed hi he Iruc and correct. However, no responsibility for accuracy of such items hnrnisheJ the Appraiser can he assumed Iw the Appraiser. 7. Disclosure if the contents ill the appraisal report is governed by the Bylaws and Regulations of the prilcssaood appraisal irg;minaions will'which the Appraiser is:dliliuted. M. Neither all. nor any pan of the cunlcul of the report. or copy hherenf(including conclusions GIN m the property value. the identity of the Appraiser. prilessann:d designations. reference to any professional appraisal organiratiune, or the firm vv llh vv hit h the Appraiser is connected). shall he used lie any purposes by anyone but the client specified in the report. the borrower if appraisal fee paid by N:mle, the mungagec or its successors and assigns. mortgage insurers, consuliams. poacssion:d appraisal orgm'ratius, any slate or federally approved financial insnmtimn. any department. agency, or anstrumew:city of the United s Stales or any .rate or the Ilistrict of Columbia. without the previous written consent of the Appraiser: nor shall it IN conveyed hp anyone to the public Ihrm'gh advertising, public relations, news, sales, or other nhedia, without the wniten consent and approval of the Appraiser. 7. On all appraisals, subject to satmGhaory completion, repairs. or alterations, the appraisal report and Yalu° conclusion are contingent upon completion of the improvements in a workmanlike manner. fI µJuly 2, 1991 \pprni en `yLie , .CASs IFA Hello