HomeMy WebLinkAbout971416.tiffRESOLUTION
RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - STIPULATE
VALUE
PETITION OF:
DIRKS MARVIN L & VALYNE K
4426 W 7TH ST
GREELEY, CO 80634
DESCRIPTION OF PROPERTY: PIN: R1848586 PARCEL: 095902306006 - GR 1 WT10-7
L7 BLK10 WESTMOOR ACRES 1ST FILING %4426 W 7TH 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 1997, 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 1997, 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:
Land
Improvements OR
Personal Property
ACTUAL VALUE
AS DETERMINED
BY ASSESSOR
ACTUAL VALUE
AS STIPULATED
$ 22,500 $ 22,500
108.578
99.500
TOTAL ACTUAL VALUE $ 131.078 $ 122.000
971416
AS0038
RE: BOE - DIRKS MARVIN L & VALYNE K
Page 2
WHEREAS, said Stipulation shall resolve all issues to have been determined by the Weld
County Board of Equalization.
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 24th day of July, A.D., 1997.
ATTES
We
BY
EXCUSED
APPROVED AS TO FORM:
BOARD OF COUNTY COMMISSIONERS
WELD C LINTY, CO7DO
eorge E!Baxter, Chair
nstance L. Har.-rt,
Dale K. Hall
Barbara J. Kirkmeyer
971416
AS0038
1997
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
ASSESSOR'S PIN NUMBER R1848586
STIPULATION (As To Tax Year 1997 Actual Value)
RE PETITION OF
NAME:
ADDRESS:
DIRKS MARVIN L & VALYNE K
4426 W 7TH ST
GREELEY CO 80634
*
Petitioner(s), DIRKS MARVIN L & VALYNE K and the
Weld County Assessor, hereby enter into this Stipulation regarding
the tax year 1997 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 1WT10-7 L7 BLK10 WESTMOOR ACRES 1ST FILING
4426 W 7TH ST.
2. The subject property is classified as RESIDENTIAL
property (what type)
3. The County Assessor originally assigned the following
actual value to the subject property for tax year 1997
Land
Improvements
Total
22,500
108,578
131,078
4. After further review and negotiation, the petitioner(s)
and Weld County Assessor agree to the following tax year 1997
actual value for the subject property.
Land
Improvements
Total
22,500
99,500
122,000
5. The valuations, as established above, shall be binding
only with respect to tax year 1997
971416
6. Brief narrative as to why the reduction was made:
BASED ON MARKET STUDY OF CAMPARABLE SALES WITHIN SAME SUBDIVISION.
7. Both parties agree that the hearing scheduled before the
Board of Equalization on (date) at
(time) be vacated; or, a hearing has not yet been
scheduled before the Board of Equalization X (check if
appropriate).
< DATED th17th day of JULY 1997
1
Petoner(s) or Attorney Petitioner(s) or Attorney
Address:
Address:
2iRtlac. 7 T
col -p 61- Cu qn‘o3
Telephone: 97o- 395-088 / Telephone:
County Asse sor
Address:
1400 North 17th Avenue
Greeley, CO 80631
Telephone:(303)353-3845 ext. 3656
frnr,
COLORADO
NOTICE OF DENIAL
GR 1WT10-7 L7 BLK10 WESTMOOR ACRES
1ST FILING %4426 W 7TH ST%
SECT,TWN,RNG:02-05-66 SITUS: 4426
W 7 ST 001 GREELEY 00000 BK:1303
BK:1388 PARCEL: 095902306006
OWNER: DIRKS MARVIN L & VALYNE K
DIRKS MARVIN L & VALYNE K
4426 W 7TH ST
GREELEY, CO 80634
06/30/1997
LOG 4988
PARCEL 095902306006
ACCOUNT R1848586
YEAR 1997
OFFICE OF COUNTY ASSESSOR
1400 NORTH 17th AVE.
GREELEY, CO 80631
PHONE (970) 353-3845, EXT. 3650
The appraisal value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has ;dietermined jhat
your property should be included in the following category(ies): 1 hRESIDENTIAL PROPERTY IS VALUED BY CONSIDERING THE MARKET APPROACH.
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 defemination of value are:
YOUR PROPERTY HAS BEEN UNIFORMLY VALUED FOLLOWING COLORADO LAW AND INSTRUCTIONS
PUBLISHED BY THE STATE DIVISION OF PROPERTY TAXATION. YOUR PROTEST OF VALUE HAS
BEEN DENIED DUE TO COMPARISON OF OTHER SIMILAR PROPERTIES WHICH SOLD DURING THE
1995/1996 TIME PERIOD. THIS COMPARISON SHOWS YOUR ACTUAL PROPERTY VALUE TO BE
CORRECT FOR THAT PERIOD.
PROPERTY CLASSIFICATION
PETITIONER'S
ESTIMATE
OF VALUE
ASSESSOR'S VALUATION
ACTUAL VALUE
PRIOR TO REVIEW
ACTUAL VALUE
AFTER REVIEW
LAND
IMPS
22500
108578
22500
108578 I'
TOTALS $ $
131078 $ 131078
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-
06(I)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal.
06/30/1997
By:
15-DPT-AR
Form PR -207-87/94
WARREN L, LASELL
WELD COUNTY ASSESSOR
DATE
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 1 and continuing through August 5 for real
property (land and buildings) and personal property (furnishings, machinery, and equipment) 39-8-104 and 39-8-
107(2), C.R.S.
APPEAL PROCEDURES:
If you choose to appeal the Assessor's decision you must appeal 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 21 FOR PERSONAL PROPERTY.
WELD COUNTY BOARD OF EQUALIZATION
915 10th Street, P.O. Box 758
Greeley, Colorado 80632
Telephone (970)356-4000 Ext. 4225
NOTIFICATION OF HEARING:
You will be notified of the time and place set for the hearing of your appeal.
COUNTY BOARD OF EQUALIZATION'S DETERMINATION:
The County Board of Fqualiztion 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 5.
TAXPAYER RIGHTS FOR FURTHER APPEALS:
If you are not satisfied with the County Board of Equalization's decision you must file within thirty days of the
County Board of Equalization's written decision with ONE of the following:
Board of Assessment Appeals (BAA):
Contact the BAA at 1313 Sherman, Room 315, Denver, Colorado 80203, (303)866-5880.
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 11.
TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY
APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF
OF MAILING.
PETITION TO THE COUNTY BOARD OF EQUALIZATION
In the space below, please explain why you disagree with the Assessor's valuation. IN ACCORDANCE WITH 39-
8-106(1.5), C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR
AMOUNT. Attach additional documents as necessary.
'{'/atuL or &or T/ /n QUEST/0tiP /5 /2ai6,0Cr.00 A S 012-7" 613
/3y y efr-e Apps 1sAL As et&F nk-an Y� G,2cc76 /1/ -rr
.L,ce,vsED App/2_/4/562
File No.
July 10, 1997
McNear Appraisal Service
1212 8th Avenue
Greeley. CO 80631
Marvin ? Valyne Dirks
4426 W 7th Street
Greeley, CO 80631
RE: Appraisal of Property Located at 4426 W 7th Street - Greeley, Colorado
Pursuant to your request, we have prepared an appraisal report of the
property captioned in the "Summary of Salient Features" which follows.
The accompanying report is based on a site inspection of the improvements,
investigation of the subject neighborhood area of influence, and a review of
current listings, sales and cost data for similar properties.
This appraisal has been made with particular attention paid to applicable
value -influencing economic conditions and has been processed in accordance
with the Uniform Standards of Appraisal Practice (USPAP).
The value conclusions stated herein are as of the effective date being July
10, 19-97 and contingent upon the certification and limiting conditions
attached.
Please do not hesitate to contact me if I can be of any additional service to
you.
Respectfully,
Gre. Platt
Licensed Appraiser/Residential Specialist
GAP/gp
Form CVO -- 'TOTAL 2000" appraisal software by a la mode, inc. -- 1-800-ALAMODE
Borrower ._,N / A_
Property Address 4426 7th Street
city Greeley County Weld
Lender Marvin & Valyne Dirks
File No, 97DIRKS
State CO
Zip Code 80631
APPRAISAL AND REPORT IDENTIFICATION
This Appraisal conforms to one of the following definitions:
[0 Complete Appraisal
The act or process of estimating value, or an estimate of value, performed without invoking the
Departure Provision.
[ I Limited Appraisal
The act or process of estimating value, or an estimation of value, performed under and resulting
from invoking the Departure Provision.
This Report is one of the following types:
❑ Self Contained Report
A written report prepared under Standards Rule 2-2(A) of a complete or limited appraisal performed
under Standard 1.
H Summary Report
A written report prepared under Standards Rule 2-2(B) of a complete or limited appraisal performed
under Standard 1.
Cl Restricted Report
A written report prepared under Standards Rule 2-2(C) of a complete or limited appraisal performed
under Standard 1.
Comments on Appraisal and Report Identification
Note any departures from Standards Rules 1-2, 1-3, 1-4, plus any USPAP-related issues requiring disclosure:
McNear Appraisal Service
Form ID l -- 'TOTAI- ?n00' appraisal software by a la mode, inc. -- 1-800-ALAMODE
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions
requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this
definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are
typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest (3) a reasonable time is allowed
for exposure in the open market (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price
represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with
the sale.
*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary
for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable
since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the
comparable properly 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 he 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 judgement.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the tollowing
conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it The appraiser assumes that
the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible
ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist
the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted
in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes
no guarantees, express or implied, regarding this determination.
4 The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do
so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These
separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic
substances, etc.) observed during the inspection of The subject property or that he or she became aware of during the normal research involved in performing
the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or
adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and
has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the properly. The
appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such
conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an
environmental assessment of the property.
7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be
reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other
parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or
alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.
Jr
10, The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report
(including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal
organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or Its successors and assigns; the mortgage
insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department agency, or instrumentality
of the United States or any state or the District of Columbia; except ghat the lender/client may distribute the property description section of the report only to data
collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also
be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media.
Freddie Mac Form 439 6-93
Page 1 of 2 Fannie Mae Form 1004B 6-93
Form ACA — 'TOTAt. 2000' appraisal software by a la mode, inc. -- 1 -800 -Al. AMODE
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property
for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant
variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce
the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made
a positive adjustment to increase the adjusted sales price of the comparable.
2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in The appraisal report I have not
knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the
appraisal report are rue and correct.
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent
and limiting conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with
respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report
on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present
owners or occupants of the properties in the vicinity of the subject property.
5. I have no present or contemplated future interest in the subject properly, and neither my current or future employment nor my compensation for performing this
appraisal is contingent on the appraised value of the property.
6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate,
the attainment of a specific result or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I
did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal
Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those
Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value
and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the
reconciliation section.
B. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report
I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate
vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that
I had market evidence to support therm I have also commented about the effect of the adverse conditions on the marketability of the subject property.
9, I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional
assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and
disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform
the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take
no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report he or she certifies and agrees that
I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser,
agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED:
APPRAISER:
Signature:
Name: Greg.9,„r-y-'A. Platt
Date Signed: "July 10, 1997
State Certification #:
or State License#: AL01318463
State: CO
Expiration Date of Certification or License: 12/31/97
4426 7th Street, Greeley, CO 80631
SUPERVISORY APPRAISER (only if required):
Signature:
Name.
Date Signed:
State Certification it:
or Stale License #:
State: CO
Expiration Date of Certification or License:
Did [ ,1 Did Not Inspect Property
McNear Appraisal Service
Freddie Mac Form 439 6-93
Page 2 of 2 Fannie Mae Form 10048 6-93
Form ACU -- '1OTAI 2000' appraisal software by a la mode, inc_ -- I -800 -AL AMODE
Summary Appraisal Report
Property Description
McNear Appraisal Service
UNIFORM RESIDENTIAL APPRAISAL REPORT
File No.
97Dirks
Proper�l Address 4426 7th Street Greeley State CO ZipCode 80631
LegalDescription GR 1WT10-7 L7 BLK10 Westmoor Acres 1St Fi l ing County Weld
Assessor's Parcel No. 095902306006 Tax Year1996 R.E. Taxes $ Special Assessments $
Borrower N/A Current Owner M arvin & Valyne Dirks Occupant [1 Owner ri Tenant rVacant
Property rights appraised I x I Fee Simple i i Leasehold Project Type I l PUD LI Condominium (HUDNA only) HOA $ N / A /Mo.
N Neighborhood or Project Name Westmoor Acres Map Reference G reel ey Census Tract 14 .02
.
Sale Price $ N / A Date of Sale N / A Descrip(ion and $ amount Of loan charges/concesslons to be paid by seller N / A
Lender/Client Marvin & Valyne Dirks Address 4426 7th Street, Greeley, CO 80631
Appraiser Gregory A. Platt Address 1212 8th Avenue, Gree
ey, CO 80631
Location - [Urban [x] Suburban L_1 Rural
Built up [x_1 Over 75% [.. ] 25-75% I I Under 25%
Predominant
occupancy
Single family housing
PRICE(000) (GE
s)
Present land use%
One family 80
Land use change
II) Not likely r1 Likely
Growth rate [_ [ Rapid I ] Stable LI Slow
Property values [] Increasing L Stable [ I Declining
L Owner 90
[x] Tenant 10
90000 Low 5
130000 High 40
2-4 family -. 5
Multi -family
[1 In process
To:
Demand/supply Li Shortage L In balance ❑ Over supply
Ll Vacant (0-5%)
iPredominant 1.
Commercial 5
Marketing time [ Under 3 mos.f_x] 3-6 mos. [ i Over 6 mos.
[] Vac4over 5%)_115000
20
Vacant 10
Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood boundaries and characteristics: Boundries are 4th St N., 10th St S.,37th Ave E. and 50th Ave W.
Mostly single family residences_ with some commercial on 10th St__ Nume_rous_parksand greenbelt.
I* Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.):
Subject__ neighborhood is located conveniently to support facilities. parks and tj>e.____
_Numerous
elementary school are within walking distance of thesubject. The real estate market in the
wGreeley area has been steady, to improving for several years Average time on the market has
increased to 98 days for the first darter of 1997, up from 60 days for 1996. Subject's ranch
style design with 3 bdrms & 1.75 baths on the main with a full 90% finished Bsmt is popular.
Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/suppy, and marketing time
-- such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.):
General market conditions in the Greeley_ area are favorable. Financing is primarily
conventional. Loan discounts, interest bu_ydowns and other sales conditions are rarely
signifigant.
Project Intormagon for Pulls (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? [I Yes [_1 No N / A
Approximate total number of units in the subject project N / A Approximate total number of units for sale in the subject project N / A
Describe common elements and recreational facilities: N / A
Dimensions 70 x 120
Topography Level
Site area 8400 Corner Lot [ IYes [x1 No
Size Average
Specific zoning classification and description R I Single Family Residential_-_
Shape Rectangular
Zoning compliance [xl Legal [ -] Legal nonconforming (Grandlathered use) [I Illegal No zoning
Drainage Appears Adequate
Highest & best use as improved_ [ X [Present use Fl Other uselexplain)
View City____
Mitts Public Other
Off -sit Improvement Type Public Private
Landscaping Mature 1 and s capi ng
Electricity HI
m Gas EX L
Street _Aspilault_ [x] [ 1
Curb/gutter COn C rote [] ❑
Driveway Surface Concrete
Apparent easement St and and Utility
Water [x]__,
Sidewalk Concrete Ix] [1
FEMA Special Flood Hazard Area ❑Yes [x] No
_,_ _-_„___
Sanitary sewer IXi
Streetlights Pole mount [ x I ❑
FEMA Zone C Map Date 7/16/79
Storm sewer j]
Alley None II I I
FEMA Map No. 0801840001
Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): No adverse__
easements noted .Nospec -ial assesmenjs_ on record_Subject is a confo_r_mi_n_g legal use of
property.
GENERAL DESCRIPTION
No. of Units 1
No. of Stories 1
Type (Det/Aft) Det
Design (Style) Ranch_
Existing/Proposed Exists nq
EXTERIOR DESCRIPTION
Foundation Concrete
FOUNDATION
Slab NO
BASEMENT
Area Sq. Ft 1218SF
INSULATION
Roof I
Exterior Walls Frame/Brk
Roof Surface C 0 mposi te
Gutters & Dwnspts. G a 1 v .
Window Type Aluminum
Crawl Space No
Basement Yes
Sump Pump No
Dampness None noted
Settlement Normal
Infestation None noted
%
% Finished 90
Ceiling fl
Ceiling Drywall
Walls [_i
Floor El
None
Unknown U
Storm/Screens Screens
Age (Yrs.) 1978
Effective Age (Yrs.) 10
Manufactured
House No
r
cer
Living
Dining_
Kitchen
Den
Family Rm.
Rec. Rm.
Bedrooms
# Baths
Laundry
Other
Area SVFt
,ROOMS_
Basement
1
1
.75
1
1218SF
Levels
1
1
1
3
1.75
1218SF
— Level2
z
Finished area above grade contains. 6 Rooms, 3 Bedroom(s); 1 . 75 Balh(s) 1 , 218 Square Feel of Gross Living Area
- INTERIOR Materials/Condition
Floors Carpet/Vinyl. _
HEATING
Type F/A
KITCHEN EQUIP.
Refrigerator [X-i
ATTIC
None ❑
AMENITIES
Fireplace(s) # 1 [Ki
CAR STORAGE:
None [1
Walls Drywall
Trim/Finish Painted Wood
Fuel Gas
Condition Goods"
Range/Oven [xi
Disposal [X[
Stairs [ 1
Drop Stair L-]
Patio _Yes ______ DO
Deck No I-1
Garage #of cats
Attached 2 Car
Bath Floor Vinyl
Bath Wainscot I i le
COOLING
Central Y e S
Dishwasher [X]
Fan/Hood I X I
Scuttle IX]
Floor [
Porch Yes L1
Fence Ch/Li nk Li
Detached -_,-
Built -In
Doors Wood Hollow
Core.
Other
Condition
Microwave [x[
Washer/Dryer [xL
Heated [_i
Finished I I
Pool Shed__.____ [x]
fl]
Carport
Driveway Concrete
Additional features (special energy efficient items, etc.): Ceiling Fans, New high efficiency furnace, Storage shed.
Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: Subject is
in_good condition. Construction quality is average. Floor plan is good with 3 bedrooms and 1.75
baths on main level. Physical depreciation is estimated at 16.66% mostly attributable to age of
properly.Location of subject is_goodtherefore no external obsolescence noted.
Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the
immediate vicinity of the subject property.: No adverse environmental conditions noted.
Freddie Mac Form 70 6/93
PAGE 1 OF 2
Form HA? -- 'TOTAL 2000' appraisal software by a la mode, Inc- — I-BOB-ALAMODE
Fannie Mae Form 1004 6/93
UNIFORM RESIDENTIAL APPRAISAL REPORT
Valuation Section
File No.
97Dirks
ESTIMATED SITE VALUE
ESTIMATED REPRODUCTION COST -NEW -OF IMPROVEMENTS:
Dwelling1,218 sq.Ft @$55,00_ =$ 66,990
1218SF Sq.Ft @$ 15 25 = 18,575
Garage/Carport 460 Sq. Ft @$ 16.23
Total Estimated Cost New
Less Physical Functional
Depreciation 15,508
Depreciated Value of Improvements
'As -is' Value of Site Improvements
INDICATED VALUE BY COST APPROACI I
I
7,466
_$ 93,031
External
30,00 0 Comments on Cost Approach (such as, source of cost estimate, site value,
square foot calculation and for HUD, VA and FmHA, the estimated remaining
economic life of the properly): The source
for cost figures is the Marshal & Swift
Residental Cost Handbook. The cost per
square foot was calculated using average
quality. Subject is in average condition
anda result the effective age is 10 years
_$ 15,508 with a remaining economic life of 50
_$ 77,523 years.
_$ 15,000
_$ 122.523
REM I SUBJECT
4426 7th Street
Address Greeley
Proximity to Subject
Sales Price
Price/Gross. Living Area
Data and/or
Verification Source
VALUE ADJUSTMENTS
Sales or Financing
Concessions
Date of Sale/Time
Location
Leasehold/Fee Simple
Site
View
Design and Appeal
Quality of Construction
Age ------- Condition_
Above Grade
Room Count
Gross Living Area
Basement & Finished
Rooms Below Grade
Functional Utility —Average Average
Heating/Cooling FANG/Central FANG/Central
Energy Efficient Items Average Average
Garage/Cavort Yes 2 Car Att
Porch, Patio, Deck, Porch, Cover Pat10,Porch
Fireplace(s), etc 1 Lawn Spri nk
Fence, Pool etc Lawn Sprink 1 Fireplace _
Wood/Stove 1n basement
NetAdj. (total) [ Xj+ [ j_'$_- 1 000
Adjusted Sales Price
of Comparable
Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.): The comps chosen are the most
recent available and are reasonable reflective of market conditions. The comps are all within
the subject's neighborhood and are similar in design, age and appeal. Comps were adjusted at
$20/Sf-for living area. Comp. 1_adjpsted for living area & view. Comp 2 adjusted for living area
& no air conditioning. Comp 3 adjusted for living area and condition. Comp 2 most similar
overall. Comps weighted as follows: Comp 1 25%,_Comp. _250%, Comp 3 25%.
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3
Date, Price and Data 6/93 No sales previous No sales previous No Sales previous
Source, for prior sales $83,800.00 12 months. 12 months. 12 months.
wiminyearofappraisal Cty Records County_records County records County records
Analysis of any current agreement of sale, option, or listing of subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal:
Accard ny tothe owner and county —records thesubject has not sold in the last 12 months. Prior
sales of comps occured more than one year ago.
..
INDICATED VALUE BY SALES COMPARISON APPROACI I $ - _—_122 000
INDICATED VALUE BY INCOME APPROACH IIAnlicable Estimated Market Rent $ N/A _-__-/Mo. x Gross Rent Multi rlter _NL_A_$ __.N/A
This appraisal is made [ x I 'as is' I j subject to the repairs, alterations, inspections or conditions listed below [ j subject to completion per plans & specifications.
CondibonsofAppralsal: No conditions. The subject has been appraised. "as -is" with no repairs indicated.
FinalReconciliation The most weight has been given toth sales comparison approach The cost approach
is considered su_pportive of the value conclusion. The income approach was not used due to the
lack of rel iablerentaldata._
The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent
and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/FNMA form 10046 (Revised ).
I (WE) ESTIMATE THE MARKET VALUE, AS DEHNED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF July 10, 1997
(WWII IS THE DATE OF INSPECT' AND THE EFFECTIVE DA $iF THIS REPORT) TO BE $ 122,000
APPRAISER: '" ------ SUPERVISORY APPRAISER (ONLY IF REQUIRED):
Name Gregory Aatt—t"
Date Report Signed July 10, 1997
State Certification #
Or State License # AL01318463
COMPARABLE NO. 1 COMPARABLE NO.2
4760 W 9th St Rd 4300 W 6th St
Greeley, CO 8063.1_-_ Greeley__ CO 80631
5 Blocks 2 Blocks
$ N/A ]$ 119,000 J$ 124,900
$ 111 $ 101.88 'T1 $ 102 97 Of
Inspection MLS/County Records MLS/County Records
Cty Records
DESCRIPTION
DESCRIPTION _ +(_)$Adjust
Cony Fixed
COMPARABLE NO. 3 _
3702 W 7th St Rd
Greeley, C080631
7 Blocks
[s 110,000
$ 100.82 rtJ
MLS/County Records
DESCRIP I ION J +( )$ Adjust DESCRIPTION +1_j Aiust
FHA Fixed CASH
5/97 1/97
Westmoor Acr Westmoor W Westmoor Acr
Fee Simple Fee Simple Fee Simple
8400 7700SF 6959SF
CityPark 2,000 City
Ranch Ranch Ranch
Average Average Average
1978 1980. 1978
Good Good Good
Total BdnnsBaths Total Bdnns Baths Total Bdrms Baths
6 3 ',1 75 5I2 1 +2,000 6 3 J.75
1 218SgFt 1, 168Sq_FL +1 O00 1,_213_ Sq. FL
1218SF 1168SF
90 90%
+100
1213SF
90%
Average
FANG/None . +1,000
Average
2 CarAtt __.y_
Patio. Porch
Lawn Sprinkl-__
1 Fireplace
L i , $.___ 1 100
6/96
Wetsmoor 2ND;
Fee Simple
9838SF
City
Ranch
Average
1973 -----_ ___--
Average
Total Bdrins Baths
5 13 ;1.75_
1,0.91 Sq.Ft
1091SF
90%
Average_
FANG/Central
Average —__r-
2 Car Att
Patio,Porch
Lawn Spr jnkl
Pool
+2,500
+2,540
5 040
120.000 $ 126.000 $ 115,040
Signature
Signature
Name
Date Report Signed
j Did Li Did Not
Inspect Property
State State Certification # State
State CO Or State License # State
Freddie Mac Form 70 6/93
PAGE 2 OF 2
Form UA2 -- 'TOTAL 2000' appraisal software by a la mode, inc. -- 1-B00-ALAMODE
Fannie Mae Form 1004 6-93
URAR--6/93 SUBJECT PHOTO PAGE
Borrower N/A
Property Address 4426 7th Street
File No. 44267TH
tc- Greeley. CountyWeld
Lender Marvin & Valyne Dirks
State CO
Zip Code 80631
Subject Front
Address
4426 7th Street
Sale Price
N/A
Gross Living Area
1 , 218
Total Rooms
5
Total Bedrooms
3
Total Bathrooms
1 .75
Location
Westmoor. Acr
View
City
Site
8400SF
Quality
Averge
Abe
197a
Subject Rear
Subject Street
Form P12 -- 'TOTAL 2000' appraisal software by a la made, inc. -- 1-800-ALAMODE
Borrower N / A
URAR--6/93 COMPARABLE PHOTO PAGE (1-3)
File No. 44267TH
Prrerty Address 4426 7th Street
city GreeleyCouny Weld
Lender Marvin & Valyne Dirks
State CO
ZipCode 80631
Comparable 1
Address
4760 W 9th St Rd
Prox. to Subject
5 Blocks
Sale Price
119,000
Gross Living Area
1 . 168
Total Rooms
5
Total Bedrooms
2
Total Bathrooms
1
Location
Westmoor W
View
Site
Quality
Park
7700SF
Average
8 0_--___._..-----
Age -- -------19
Com-parable_2
Address
4300 W 6th St
Prox .toSubj
Sale Price
2 Blocks___—_
124 900
Gross Living Area
1 213
Total Rooms
6
Total Bedrooms
3
Total Bathrooms
1 . 75
Location
Westmoor Acr
View
City
Site
6959SF
Quality
Average
A e
1978
ble 3
Address
3702 W 7th St Rd
Prox. to Subject
7 Blocks
Sale Price
1101000
Gross Living Area
1 . 091
Total Roams
5
Total Bedrooms
Total Bathrooms
3
1.75
Location
Wetsmoor 2ND
View
City
Site
9838SF
Quality
Average
A e
1973
Form P01 -- 'TOTAI. 2000' appraisal software by a la mode, inc. -- 1-800-ALAMODE
BUILDING SKETCH
Borrower N / A
File No. 44267TH
Property Address 4426 7th Street_
City Greeley _ County Weld
Lender Marvin & Valyne Dirks
Stale CO
Zip Code 80631
KY
7;5
� AT,sti 1
53.5 t
1
1
1
1
3
1
Fti,tiriA* 13e)4:41.
•
/3
Form P46 -- 'TOTAL 2000" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATION MAP
File No. 44261-1L____
_._
Borrower_ N/A - --- --
Property Address 426. 7th Street -- --
city. Greeley__ __- County Weld
Lender Marvin & Valyne Dirks
•
State CO Zlp Code 80631
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1
Borrower N/A
PropedyAddress4426 7th Street
Cy Greeley
Lender Marvin & Valyne Dirks
County Weld
File No. 44267TH
State CO Zip Code 80631
TABLE OF CONTENTS
Services Invoice, Legal Size 1
Cover Letter, Legal Size 2
USPAP Report Identification 3
Statement of Limiting Conditions — 6/93 4
Summary of Salient Features 6
URAR -- 6/93 7
URAR--6/93 Subject Photo Page 9
URAR--6/93 Comparable Photo Page (1-3) 10
Building Sketch 11
Location Map 12
Form P53 -- "TOTAL 2000" appraisal software by a la mode
Wi�Yc
COLORADO
July 17, 1997
DIRKS MARVIN L & VALYNE K
4426 W 7TH ST
GREELEY, CO 80634
CLERK TO THE BOARD
PHONE (970) 356-4000 EXT.4225
FAX: (970) 352-0242
915 10TH STREET
P.O. BOX 758
GREELEY, COLORADO 80632
Parcel No.: 095902306006 PIN No.: R1848586
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of Thursday, July 31, 1997, at or about the
hour of 8:30 a.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. A number of hearings have been scheduled at this time; peitioners will be asked to sign in
with the Clerk upon arrival, and cases will be heard on a first come / first heard basis.
You have a right to attend this hearing and present evidence to the Board in support of your
petition. The Weld County Assessor or his representative will be present. The Board will make its
decision on the basis of the record made at said 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 youdo not choose to attend
this hearing, a decision will still be made by the Board by the close of business on August 5, 1997,
and mailed to you on or before August 10, 1997.
Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15
minutes, of which you will be allowed 10 minutes for your presentation. 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.
DIRKS MARVIN L & VALYNE K - R1848586
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
Donald D. Warden,
Clerk to the 5•ard
BY:
arol A. Har. m
Deputy Clerk to the Board
cc: Warren Lasell, Assessor
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