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Home My WebLink About971467.tiffRESOLUTION RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: LINDLEY BRIAN K 438 LACOSTA LANE JOHNSTOWN, CO 80534 DESCRIPTION OF PROPERTY: PIN: R1253297 PARCEL: 105908101136 - JOH 4JC-136 L136 JOHNSTOWN CENTER 4TH ADD %438 LACOSTA LN% 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, said petitioner being present, and WHEREAS, the Board has made its findings on the evidence, testimony and remonstrances and is now fully informed. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Weld County Board of Equalization, that the evidence presented at the hearing clearly supported the value placed upon the Petitioner's property, after review by the Weld County Assessor. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated to the Weld County Assessor by law. The assessment and valuation of the Weld County Assessor shall be, and hereby is, affirmed as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR Land $ 23,000 Improvements OR 103.500 Personal Property TOTAL ACTUAL VALUE $ 126.500 971467 AS0038 RE: BOE - LINDLEY BRIAN K Page 2 BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's (CBOE's) decision to the Board of Assessment Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals only the record created at the BAA hearing shall be the basis for the Court's decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), CRS) Appeals to the BAA must be made on forms furnished by the BAA, and should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 523 Denver, CO 80203 Phone: 866-5880 OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), CRS) OR 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, CRS) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He also has the power to administer oaths, and all questions of law and fact shall be determined by him. 971467 AS0038 RE: BOE - LINDLEY BRIAN K Page 3 The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 22nd day of July, A.D., 1997. ATTEST: Weld County BY. Deputy Clerk to the Board APPROVED AS TO FORM: BOARD OF COUNTY COMMISSIONERS WELD UNTY, 2DRADO George E. Baxter, Chair EXCUSED Constance L. Harbert, Pro -Tern EXCUSED Dale K. Hall arbara J. Kirkmeye. W. H. ebster 971467 AS0038 WLiDc. LINDLEY BRIAN K 438 LACOSTA LANE NOTICE OF ADJUSTMENT JOH 4JC-136 L136 JOHNSTOWN CENTER 4TH ADD %438 LACOSTA LN% OWNER: LINDLEY BRIAN K JOHNSTOWN, CO 80534 06/27/1997 LOG 6601 PARCEL 105908101136 ACCOUNT R1253297 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 determined that appraisal your property should be included in the following category(ies): RESIDENTIAL 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 VALUE HAS BEEN TIME ADJUSTED TO REFLECT THE MARKET AS OF 6/30/96. SALES BETWEEN JANUARY '95 AND JUNE '96 ARE USED AND TIME TRENDED TO JUNE 30, 1996. THIS IS DONE TO ACCOUNT FOR THE CONTINUING RISE IN MARKET VALUES DURING THAT TIME PERIOD. PROPERTY CLASSIFICATION LAND IMPS PETITIONER'S ESTIMATE OF VALUE TOTALS $ ASSESSOR'S VALUATION ACTUAL VALUE I ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW 23000 119511 23000 103500 $ 142511 $ 126500 f you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, 39-8- I06(1)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal. 06/27/1997 By: I5-DPT-AR Form PR -207-87/94 WARREN L. LASELL DATE WELD COUNTY ASSESSOR 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 EOUALIZATION'S DETERMINATION: The County Board of Equalization must make a decision on ou.' appeal business days. The County Board must conclude their hearings by August 5 matt you a determination within five 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: oard of Contact the BAA at 1313BSherman, Assessment oom 315Denver, Colorados 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. T//i 4.SccSS012 y 32U; ,��Y 1✓/�'Ll/9-,-/vii ON h/r i L /x2ct zsa Ti r,20j0?� PO ON nv a4, 199616 tia4 i,q.� ''Q8'A,2,92724� . SHLa it01� . j M9�: is: N x/345 . - "/nt& i w% 1- oA 42/0)2 7 Nc . Q ')//� / fig o `_�� 3 � / �G1G�, t:Jh`�'(:rl S/fi®/,J �4 URL�� Cdr= f��h�©X. //9j DOH Sci n -Ti 901a /r^,!¢Iji '9N42 7- //-q7 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 BOA OF QUALIZATION' D T RMINATrnnr 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 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. %'l//�2GIOS56 TftA I i2oj r' �; ONONMI/EIN 2 a9 /94/611/411611 Cofrn%2g 7zr� SRICS 51foi/M P02 ! 91'2S BLS A! 11 -seas Jazme- NT= / %7 DA/TN o S PQQ/oQ 7 371/plc 30/ /''26 j GJfr'&H S iiv& ,9 Vfil ,�c G)= gn,,eox . q, 0d0, Sic ,9T.9Gt -s-A l / ilai ,9N4i 4/1is. IC,NA I URL OI- I'L I I I IUNLR A DAIL 7- II -q7 LEGAL DESCRIPTION: JOH 4JC-136 L136 JOHNSTOWN CENTER 4TH ADD %438 LACOSTA LN% t.>.,t><,t*IC**i"t,t*****II**,t**AUTO 5 -DIGIT 80534 LINDLEY BRIAN K 438 LACOSTA LANE JOHNSTOWN, CO 80534-9066 NOTICE L PROPERTTYION This Is Not a Tax Bill Weld Count Assessor 1400 N. 17th Avenue Greeley, CO 80631 Date: 05/22/97 HEARING DATES: MAY 22 - JUNE 20 1997 LOCATION: 1400 N 17th Avenue OFFICE HOURS: 8:30 - 4:00 TELEPHONE NO: (970) 353-3845 x-3650 FAX NO: 970 351-0978 TAX YEAR: TAX AREA: PARCEL NO: ACCOUNT NO: 1997 0592 105908101136 1(1253297 PROPERTY PRIOR YEAR CLASSIFICATION ACTUAL VALUE RESIDENTIAL 0 TOTAL, 0 ACTUAL VALUE DECREASE 142511 142511 142511 142511 Parcel /I 105 908101136 Account # R1253297 To appeal by mail, list your name, address, and phone # below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Name: � Weld County Assessor Address: 1400 N. 17th Avenue Greeley, CO 80631 Phone: An assessment percentage will be applied to the actual value of your property before taxes are calculated. The assessment percentage for residences is projected to be 9.74%. Generally, all other property is assessed at 29% of actual value (39-1-104(1) and (1.5)(a), C.R.S.). A change in the projected residential assessment percentage is not grounds for appealing property values or abatement (39-5- 121(1), C.R.S.) Assessed value for oil & gas production is 87.5% primary and 75% secondary. Appraisal data used to establish value were gathered from the 18 month period ending June 30 1996. If data from that period were insufficient, data from the five year period ending June 30 1996 were used. Your property was valued as of January 1 of the current year. The "current year actual value" represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: i-'ie 71-860:3 gC.F S( i i i I ' Ye/2 ,'?er / i%/d/�lr' lS ,t=M la C/2lI��, T4= "Pei; ; [ oN NOI/Ii/PRE32 Dg/ /�1 96, 2 /AJ C01,/y7,9ddn gNI iM1.45- f !',d /cz /9 G/.�ILZr A� /l'7fi�1/ cis i/-,(9'-CHntiLf THE:- gts i L!R L Milfka (//V uei A,f 01= -11./Alf- 3 YOU HAVE THE RIGIIT TO APPEAL YOUR REAL PROPERTY VALUE OR ITS CLASSIFICATION, APPEAL PROCEDURES REAL PROPERTY APPEAL PROCEDURES APPEAL BY MAIL: If you choose to mail a written appeal, you may elect to complete the appeal portion of this form, detach it, and mail or PAX it to the Assessor at the address listed on this Notice of Valuation. To preserve your right to appeal, your mailed appeal must be postmarked no later than May 27. APPEAL IN PERSON: If you choose to present oral or written objections to the Assessor in person, you may elect to complete the appeal form at the bottom of this page and deliver it to the Assessor at the address listed on this Notice of Valuation. Appeal in person between May 1 and June 2. ASSESSOR'S DETERMINATION: The Assessor must make a decision on your appeal and mail a Notice of Determination to you by the last regular working day in June. APPEALING THE ASSESSOR'S DECISION: If you are not satisfied with the Assessor's determination, or if you do not receive a Notice of Determination from the Assessor, you must file a written appeal with the County Board of Equalization on or before July 15. REAL PROPERTY APPEAL FORM YOU MAY ELECT TO COMPLETE THE FORM WHICH FOLLOWS TO APPEAL YOUR PROPERTY VALUATION OR CLASSIFICATION. REAL PROPERTY VALUATION APPEALS: If you disagree with the "current year actual value" or the classification determined for your property, you may appeal by mail or in person with the County Assessor. Please refer to the Appeal Procedures for the deadline dates for filing appeals. Completing the Real Property Questionnaire which follows will help you determine an estimate of value for your property. Which can be compared to the value determined by the Assessor. Colorado law requires consideration of the market approach to value for residential properties includes apartments) and the cost, market, and income approaches to value for vacant land, commercial, and industrial properties. REAL PROPERTY QUESTIONNAIRE ATTACH ADDITIONAL DOCUMENTS AS NECESSARY MARKET APPROACII: This approach to value uses sales from the appropriate time period to determine the actual value of your property. The following items, if known, will help you estimate the market value of your property. If available, attach a copy of any appraisal or written estimate of value. Have similar properties in your immediate neighborhood sold? D/TE SOLD PROPERTY ADDRESS S I L d croJ�JCv'7�I.1 �/ IL�_�_.i �7I1ifcfC;171JN /fn f� lrlQed_ . r Y1lturml+tdi OS31/ Note: The Cost and Income Approaches are used on Commercial and Industrial properties only. COST APPROACH: This approach uses replacement cost new, less depreciation and is best when the structures are new or less th 5- yrs old. If the structure is less than 5 yrs old please answer the following: Type of Structure Cost to construct new /t//A Ilave changes been made st ice consliuction. _ Please describe them. Type of change /t//q Cost Type of change Cost Type of change Cost PRICE 200 INCOME APPROACH: This approach uses net income from operation of a property which was rented or leased the previous year and converts the net income into actual market value. Please attach operating statements showing income and expenses related to operation of the buildings only, These statements should reflect the past 3years of operation if possible. Also show rents of comparable properties if you have that information available. 11you have an appraisal showing the income approach which was done in the past 2 years, please attach also. Based upon the informajipjtsh wt_above please give your estimate of the true market value of your property as of June 30, 1996 $ /IV/ MO Brian Lindley Realtor of Moore and Company Progressive, Realtor 3780 N. Garfield Loveland, CO 80538 1-970-667-2707 Is Pleased To Present A Comparative Market Analysis of Your Property Located at: 438 LaCosta Ln Brian Lindley Table Of Contents Subject Description 1 Comparisons Summary 2 Comparisons Summary Graph 3 Market Comparisons For Your Property 4 Comparison and Adjustment Analysis 8 Market Area Profile 9 Market Area Summary 10 Market Analysis 11 Market Analysis Graph of Average List and Selling Price By Selling Price 12 Market Trend Analysis 13 Market Trend Graph of Average List and Selling Price 14 Market Trend Graph Average Price per SqFt 15 Price Range of Properties 16 Moore and Company Progressive, Realtor 3780 N. Garfiirld, Loveland, CO 80538 Phone: 1-970-667-2707 Subject Description Prepared By: Brian Lindley, Realtor Date Prepared: 06/10/97 Subject Property Owned By: Brian Lindley Address: 438 LaCosta Ln County: Weld Sub -Division: Johnstown Center Property Type: Residential Year Built:.9 / 116 Dimensions: Living Area Sq Ft: 2716 Lot Size-Sq Ft : 0 Basement Sq Ft: 1358 Percent Finished : o Description: Offering: Interior: Features: Comments: Style: Ranch Construction: Frame Parking : 2, Attached Garage Heat : Gas, Forced Air None Number of Bedrooms: 3 Baths:2 Fireplace(s): I Cable Installed, Double Pane Windows, Disposal, Dishwasher, Gas Logs, Master Bathroom, Self -Cleaning Oven, Stove open floor plan, oak cabinets and trim, vaulted ceiling and bay window in living room, gas log fireplace, soaking tub in master bath, great view from 10 x 20 deck 1 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Comparisons Summary Prepared By : Brian Lindley, Realtor Date Prepared : 6/10/97 Subject Address: 438 LaCosta Ln Estimated Listing Value: $123,600 to $132,500 4 properties analyzed. (Sold properties only) Address _ List Price Sale Price Adjusted % Change* MDays r Sale e 508 PEBBLE BEACII A $116,700Market t Date $119,200 $126,698 6.29% 88 02/27/96 404 EDGEWOOD AV $115,950 $117,900 $126,078 6.94% 4 12/18/95 407 EDGEWOOD $112,600 $117,285 $135,993 15.95% 1 12/06/95 303 MEDINAHAV $115,000 $115,000 $123,417 7.32% 10 08/31/95 The properties listed above were selected because they are similar to yours and recently sold in this market. Of course, differences between your property are expected. These differences are evaluated and subsequent price adjustments are applied. The adjusted price and percent change, shown above, are then used to estimate the List yalue of your property. Please, note this is an estimated List value based on several market variables and subject to change as the market changes. * % Change is the percent difference between Sale and Adjusted prices. Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Comparisons Summary Prepared By : Brian Lindley, Realtor Date Prepared : 6/10/97 Subject Address: 438 LaCosta Ln Estimated Listing Value: $123,600 to $132,500 Address, List, Sale, Adjusted Price, and Days -on -Market for 4 properties analyzed. Estimated List Value to Comparative Properties $120,000 $119,000 $118,000 $117,000 $116,000 $115,000 $114,000 $ 113,000 $112,000 $111,000 $110,000 $109,000 I I I 1 I. ■ I I II NI I ■ I I I I ■ • I NI w w 1 $136,000 $134,000 $132,000 $130,000 $128,000 $126,000 $124,000 $122,000 $120,000 $118,000 $116,000 AV HVN1a3V11 COI < v 6) rn O O aOOM3Oa3 JO, ® List Price IMMO Sold Price —♦—Adjusted Price —#—Min Est List Value —}—Avg Est List Value ——Max Est List Value AdJ Price 3 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Comparison For Your Property Prepared By : Brian Lindley, Realtor Date Prepared : 06/10/97 No 1 of 4 Status : S i Address : 303 MEDINAH AV List Price : $115,000 Lot Size SqFt: Property Type: Residential Exterior Sale Date : 08/31/95 County WELD Sold Price : $115,000 Living Area SqFt: 2,630 Year Built: 1995 Sub -Division: JOHNSTOWN CENT Days On Market: 10 Basement SqFt: 1,315 Acres: Style: Ranch Construction: Sewage: SEP Water: Including: Garage Door Opener Frame PUB Car Storage: A2 Garage Interior Number Of Bedrooms : 3 Upper: 0 Number Of Bathrooms: 2.0 Upper:0.0 Square Footages: Family Rm: n/a Fire Places: None Listed Basement: Full Basement Features: Dishwasher Mid Level: 3 Lower: 0 Mid Level: 2.0 Lower: 0.0 Living Rm: 1X1 Heat: Gas, Forced Air Additional: Double Pane Windows, Water Rights Financials and Terms Bsmt: 0.0 Mstr SF: 12X15 Bsmt: 0 Dining Rm: 10X I 0 Kit: 10X10 Taxes: $1,100 As Sold: Loan Amount: $0 Loan Type: Cony Points: B 0 S 0 4 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Comparison For Your Property Prepared By : Brian Lindley, Realtor Date Prepared : 06/10/97 Status S Address : 407 EDGEWOOD List Price : $112,600 Lot Size SqFt: Property Type: Residential County . Sold Price : No 2 of 4 Sale Date : 12/06/95 WELD Sub -Division: JOHNST0 WN CENT $117,285 Days On Market: Living Area SqFt: 2,700 Basement SqFt: 1,350 Acres: Year Built: 1974 1 Exterior Style: Ranch Sewage: SEP Including: Garage Door Opener Construction: Water: Frame PUB Interior Number Of Bedrooms : 3 Upper: 0 Number Of Bathrooms: 1.75 Upper:0.0 Square Footages: Family Rm: n/a Fire Places: None Listed Basement: Full Basement Features: Dishwasher Additional: Water Rights Financials and Terms Car Storage: A2 Garage Mid Level: 3 Lower: 0 Mid Level: 1.75 Lower: 0.0 Living Rm: I8X12 Heat: Gas, Forced Air Bsmt: 0.0 Bsm t: 0 Dining Rm: n/a Taxes: $0 As Sold: Loan Amount: $0 Loan Type: Cony Points: B 0 S 0 Mstr SF: 14X10 Kit: 8X11 5 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Comparison For Your Property Prepared By : Brian Lindley, Realtor Date Prepared : 06/10/97 No 3 of 4 Status S Sale Date . I2/18/95 Address : 404 EDGEWOOD AV County WELD Sub-Division:JOIINSTOWN CENT List Price : $115,950 Sold Price : $117,900 Days On Market: 4 Lot Size SgFt: Living Area SgFt: 2,630 Basement SgFt: 1,315 Property Type: Residential Year Built: 1995 Acres: Exterior Style: Ranch Construction: Frame Sewage: PUB Water: PUB Including: Garage Door Opener Interior Car Storage: A2 Garage Number Of Bedrooms : 3 Upper: 0 Mid Level: 3 Lower: 0 Bsmt: 0.0 Number Of Bathrooms: 2.0 Upper:0.0 Mid Level: 2.0 Lower: 0.0 Bsmt: 0 Square Footages: Family Rm: n/a Living Rm: 1X1 Dining Rm: 10X11 Fire Places: None Listed Heat: Gas, Forced Air Basement: Full Basement Features: Dishwasher Additional: Double Pane Windows, Water Rights Mstr SF: 12X15 Kit: 10X15 Financials and Terms Taxes: $1,100 As Sold: Loan Amount: $0 Loan Type: Cony Points: B 0 S 0 6 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Comparison For Your Property Prepared By : Brian Lindley, Realtor Date Prepared : 06/10/97 No 4 of 4 Status I S Address : 508 PEBBLE BEACH AV County . List Price : $116,700 Sold Price : Lot Size SqFt: Property Type: Residential Exterior Year Built: 1996 Sale Date : 02/27/96 WELD Sub -Division: JOHNSTOWN CENT $119,200 Days On Market: Living Area SqFt: 2,630 Basement SqFt: Acres: 1,315 88 Style: Ranch Sewage: SEP Including: Garage Door Opener Construction: Frame Water: PUB Car Storage: A2 Garage Interior Number Of Bedrooms : 3 Upper: 0 Number Of Bathrooms: 2.0 Upper:0.0 Square Footages: Family Fire Places: None Listed Basement: Full Basement Features: Dishwasher Mid Level: 3 Lower: 0 Mid Level: 2.0 Lower: 0.0 Living Em: n/a Heat: Gas, Forced Air Additional: Double Pane Windows, Water Rights Ilsmt: 0.0 Bsmt: 0 Dining Em: 10X10 Kit: IOXIO Mstr SF: 12X I5 Financials and Terms Taxes: $99,999 As Sold: Loan Amount: $0 Loan Type: Cony Points: B 2503 S 0 7 Prepared By : Brian Lind Addr: 438 LaCosta Ln Est Price: $128,047 Est PSqFt: $47.15 Insp Date: 06/10/97 Sub -Div: Johnstown Cent Adjustments Cons/Style FR/R Site/View 0SF/ None Finance Condition Good Year Built 1995 Bedrooms Bathrooms Rms/Sq Ft 6/2716 BsmtSq Ft C 135 % Finished Heat/Cool G,F Garages G, A Patio, etc Energy D Fireplace Kitch/Ext DS,DW,S Total Adjustments Adjusted Price Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Comparison and Adjustments Analysis ey, Realtor Date Prepared : 6/10/97 Addr: 303 MEDINAH AV S Price: $115,000 Loan: $0 Sold :08/31/95 SubDiv: JOHNSTOWN CENTER Description Adjustment +/(-) FR/R $0 /None $0 B 0 S 0 Fin: CV Average $2,630 1995 $0 3 Bedrooms $0 2 Bathroom(s) $0 6/2630 $2,150 F N 1315 BR0 BA0$0 0% Finished $129 G,FA $0 G,A2 $0 GD ($100) DB $0 0 DW DOM: 10 PSgFt: 87.45 Adj: $2,108 $1,500 $0 $8,417 $123,417 Addr: 508 PEBBLE BEACH AV S Price: $119,200 DOM: 88 Loan: $0 PSqFt: 90.65 Sold :02/27/96 Adj: $1,589 SubDiv: JOHNSTOWN CENTER Description Adjustment +/(-) FR/R $0 /None B 2503 S 0 Fin: CV Average $2,630 1996 ($500) 3 Bedrooms $0 2 Bathroom(s) $0 6/2630 $2,150 F N 1315 BR0 BA0$0 0% Finished $129 G,FA $0 G,A2 $0 DB 0 DW Addr: 438 LaCosta Ln Est Price: $128,047 Est PSqFt: $47.15 Insp Date: 6/10/97 Sub -Div: Johnstown Cent Adjustments Cons/Style FR/ Site/View 0SF/ None Finance Condition Good Year Built 1995 Bedrooms Bathrooms Rms/Sq Ft 6/2716 BsmtSq Ft C 135 % Finished Heat/Cool G,F Garages G, A Patio, etc Energy D Fireplace Kitch/Ext DS,DW,S Total Adjustments Adjusted Price Addr: 404 EDGEWOOD AV S Price: $117,900 DOM: 4 Loan: $0 PSqFt: 89.66 Sold :12/18/95 Adj: $1,769 SubDiv: JOHNSTOWN CENTER Description Adjustment +/(-) FR/R $0 /None $0 B 0 S 0 Fin:CV Average $2,630 1995 $0 3 Bedrooms $0 2 Bathroom(s) $0 6/2630 $2,150 F N 1315 BR0 BA0$0 0% Finished $129 G,FA $0 G,A2 $0 DB 0 DW $0 $0 $1,500 $0 $8,178 $126,078 $0 $0 $1,500 $0 $7,498 $126,698 Addr: 407 EDGEWOOD S Price: $117,285 DOM: 1 Loan: $0 PSqFt: 86.88 Sold :12/06/95 Adj: $1,759 SubDiv: JOHNSTOWN CENTER Description Adjustment +/(-) FR/R $0 /None $ B 0 S 0 Fin:CV Average $2,700 1974 $10,500 3 Bedrooms $0 1.75 Bathroom(s) $625 6/2700 $400 F N 1350 BR0 BA0$0 0% Finished $24 G,FA $0 G,A2 $0 $0 $1,200 0 $1,500 DW $0 $18,708 $135,993 8 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Area: 4381acosta Prepared By: Brian Lindley, Realtor Market Area Profile Total Properties Analyzed: 26 Date Prepared: 6/10/97 Between the Dates of : 15 -Aug -95 through 28 -Jun -96 Predominant Style: Ranch Percent: 100.00% Lowest : Highest : Average : Sold Price $112,475 $127,625 $118,942 Average Loan Amount Sold Conventional Sold VA Sold Owner Carry Sold Non -Qualified Square Footage 100.00% 0.00% 0.00% 0.00% 2,400 2,700 2,541 Age 1974 1996 1995 Days On Market 1 124 31 Average Loan to Value : Sold FHA Sold Cash Sold Owner Qualified . #Error 0.00% 0.00% 0.00% Other Significant Averages Price Per Square Foot Basement Size Number of Baths Size of Master Bdrm $92.78 1,257 1.95 168 Number of Bedrooms 3 Size of Kitchen 115 Site Size Lot 7,605 Acre Significant Percentages Sites with: Sprinklers 0.00%Utility Shed : 0.00% Prof Landscape • Septic System : 53.85% Well Water : 0.00% Barn, Outbldg 0.00% 0.00% Percent of Sites with Following Outside Improvements: Garage 100.00% Garage Door Opn : 7.69% 2 Car Decks 3,g5%Solar Power 0.00% Covered Patio : 96.15% 0.00% Percent of Sites with Following Inside Improvements: Basements 100.00% Average % of Basement Finished : Fire Places 23.08% Jacuzzi 0.00% Hardwood Floor Air Conditioner 7.69% New Carpet 0.00% Wet Bar Dishwasher 100.00% Skylights 19.23% Hot Tub Walk-in Closet 0.00% Attic Fan 0.00% New Paint 0.00% 0.00% 0.00% 0.00% 9 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Area Summary Market Area: 4381acosta Total Properties : 26 Prepared By: Brian Lindley, Realtor Date Prepared: 06/10/97 STATUS: S Address Days On Bdrw Bath SgEt Market SOLD Properties List Price PSQFT Sold Price PSQFT 518 PEBBLE BEACH A 3 2 2,464 102 407 EDGEWOOD 3 1.75 2,700 I 637 TORREY PINES L 3 2 2,464 1 664 ST ANDREWS AV 3 2 2,466 24 668 ST ANDREWS AV 3 2 2,464 1 702 COUNTRY ACRES 3 2 2,584 56 672 ST ANDREWS DR 3 2 2,464 84 303 MEDINAH AV 3 2 2,630 10 673 ST ANDREWS AV 3 2 2,580 1 650 TORREY PINES L 3 2 2,464 1 404 EDGEWOOD AV 3 2 2,630 4 640 TORREY PINES L 3 2 2,464 1 641 TORREY PINES L 3 2 2,580 3 508 PEBBLE BEACH A 3 2 2,630 88 306 S QUENTINE 3 1.75 2,612 58 505 PEBBLE BEACH 3 1.75 2,400 85 674 ST ANDREWS 3 1.75 2,400 1 675 ST ANDREWS AV 3 2 2,586 1 648 TORREY PINES L 3 2 2,630 76 628 AVIARA ST 3 2 2,584 1 631 TORREY PINES L 3 2 2,480 75 671 ST ANDREWS 3 1.75 2,400 124 600 AVIARA ST 3 2 2,584 1 666 ST ANDREWS AV 3 2 2,584 1 622 AVIARA ST 3 2 2,580 1 670 ST ANDREWS AV 3 2 2,630 1 $111,575 $45.28 $114,300 $46.39 $112,600 $41.70 $117,285 $43.44 $113,479 $46.05 $113,479 $46.05 $114,180 $46.30 $112,475 $45.61 $114,400 $46.43 $115,020 $46.68 $114,950 $44.49 $114,000 $44.12 $114,960 $46.66 $117,310 $47.61 $115,000 $43.73 $115,000 $43.73 $115,160 $44.64 $115,535 $44.78 $115,697 $46.95 $115,807 $47.00 $115,950 $44.09 $117,900 $44.83 $116,415 $47.25 $117,045 $47.50 $116,690 $45.23 $125,797 $48.76 $116,700 $44.37 $119,200 $45.32 $116,900 $44.75 $116,900 $44.75 $117,145 $48.81 $117,145 $48.81 $117,265 $48.86 $117,265 $48.86 $118,375 $45.78 $119,175 $46.08 $119,375 $45.39 $119,375 $45.39 $120,030 $46.45 $121,625 $47.07 $120,900 $48.75 $123,050 $49.62 $123,040 $51.27 $127,625 $53.18 $123,955 $47.97 $123,955 $47.97 $124,015 $47.99 $124,015 $47.99 $124,991 $48.45 $124,991 $48.45 $127,205 $48.37 $127,205 $48.37 Total Listings 26 10 AVG AYE A3_'Gz AVG $117,729 $46.38 $118,942 $46.86 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Area: 438lacosta Prepared By: Brian Lindley, Realtor Market Analysis Total Properties Analyzed: 26 Date Prepared: 6/10/97 Low High All Properties List Price $111,575 $127,205 Sold Price $112,475 $127,625 Price Per Sqr Ft $86.88 8106.35 Days on Market Total Square Ft 1 2,400 124 2,700 Total % Difference Average Average Average Average Average Number of Sold Price Between List Sold Price Days On Total Properties Between List and Sold Price Price Sqft Mrkt Sqft 26 $112,475 4127,625 1.02% $117,729 $118,942 $92.78 31 2,541 Ran es Total Number of Sold Price Properties Between % Difference Between List and Sold Average List Price Average Sold Price Average Price Sqft Average Days On Mrkt Average Total Sqft 5 $112,475 $115,001 0.01% $113,837 8113,851 $89.12 39 2522 9 $115,001 $117,527 0.84% i $115,616 5116,590 $92.00 26 2505 4 $117,527 $120,053 1.1.0% $117,600 $118,913 $90.24 42 2619 1 8120,053 $122,579 1.31% 8120,030 $121,625 $94.14 1 2584 4 $122,579 $125,105 0.43% $123,465 $124,003 $96.27 20 2557 3 $125,105 $127,631 3.60% $122,312 8126,876 $99.46 43 2537 11 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Analysis Graph of Average List and Selling Price By Selling Price Market Area: 4381acosta Total Properties Analyzed: 26 Prepared By: Brian Lindley, Realtor Date Prepared: 6/10/97 Market Analysis Of Average List And Selling Price By Selling Price $128,000.00 $126,000.00 $124,000.00 $122,000.00 $120,000.00 $118,000.00 $116,000.00 $114,000.00 $112,000.00 $110,000.00 $108,000.00 $106,000.00 112-115 115-118 = NMI Mini Iw 1 118-120 120-123 Selling Price Range In Thousands 123-125 125-128 ■Avg List Price ®Avg Selling Price 12 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Area: 4381acosta Prepared By: Brian Lindley, Realtor Market Trend Analysis Total Properties Analyzed: 26 Date Prepared: 6/10/97 No Averages Period Analysed List Sold % D1F SQFT PSQFT DOM Jun-Jul'96 6 $119,715 $119,796 0.07% 2,583 $92.00 23 % change from Jun '96 to Jul '96 0.00% 0.00% 0.00% 0.00% 0.00% 13 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Trend Graph of Average List and Selling Price Market Area: 438lacosta Total Properties Analyzed: 26 Prepared By: Brian Lindley, Realtor Date Prepared: 6/10/97 Market Trend Of Average List and Selling Price $119,800 $119,780 $119,760 $119,740 $119,720 $119,700 $119,680 $119,660 Jun'96-Jul'96 Closing Dates _ 25 _ 20 _ 15 _ 10 _5 0 Avg Days On Mrkt Avg List Price Avg Selling Price —• Avg Days On Market 14 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Market Trend Graph Average Price per SqFt Market Area: 438lacosta Total Properties Analyzed: 26 Prepared By: Brian Lindley, Realtor Date Prepared: 6/10/97 Market Trend Average Price Per Square Foot $100.00 $90.00 $80.00 $70.00 $60.00 $50.00 $40.00 $30.00 $20.00 $10.00 $0.00 $92.00 Jun '96 -Jul '96 Closing Dates Avg Price Per Sgft —•— Avg Days On Market 15 Moore and Company Progressive, Realtor 3780 N. Garfield, Loveland CO. 80538 Phone: 1-970-667-2707 Price Range of Properties Market Area: 4381acosta Total Properties Analyzed: 26 Prepared By: Brian Lindley, Realtor Date Prepared: 6/10/97 -Mean and Standard Deviation for 26 Properties Arithmetic Mean = $117,729 One Standard Deviation = $4,016 Estimated List Value = $128,047 Mean + Standard Deviation = $121,745 High List Price = $127,205 Mean - Standard Deviation = $113,713 Low List Price = $111,575 _Price Range of Properties Arithmetic Mean $130,000 • High List Price ■ Mean + Standard Deviation ♦ Mean - Standard Deviation — at List x Low List Price • Arithmetic Mean $125,000 $120,000 $115,000 $110,000 $105,000 $100,000 • • • A x The above graph shows the Subject property in relation to 26 properties. The property is shown in relation to the high and low for this selected group of properties. Shown also is its relation to the Arithmetic Mean and one Standard Deviation plus and minus . One Standard Deviation from the Mean will include approximately, if the sample is normally distributed, 34 percent of the selected properties. Thus, the area indicated between the plus and minus one Standard Deviation will include approximately 68 percent of the selected properties. 16 C .O.K. HEARING DATE: JULY 22, 1997 TIME: 8:30 A.M. SUBJECT: BRIAN K LINDLEY ADDRESS: 438 LACOSTA LANE JOHNSTOWN PIN#: 1253297 9I a 9 mLa c II BREWS AVENUE PEBBLE BEACH A CAS ME PINES AVENUE - 1 k / - i \`mow \ \c' "1".,.."."1 \ -1 \ \rizi\ v 1 I_ s;s v jA\ i al _ I I ,__\\�'<^N \\,,,, ,, \ I g r — IN — cRE0AJ - ' ' \s* \Hi c'y - h II ----1 r .� I _I I I i'\ - . \ //^\ \fl r;- k I ^\ r- I N A e --1 L — - \T-_ , ewes T i_ -- I U I I ) .r,1 g I u I _ f --I a F— ——_ l :IP' l e l/ AVENUE I l u I \\ \ I I \ I YEDINµ AVENUE y C'] \x I L- - „NVE, \ O o yz \ nN1 aTP An, O O� on _nz r r --- i l0 C x N N N --33 H b7 RAYMOND L -_ RU THEFO RD r-- - - r SALES COMPARABLES In NEIGHBORHOOD VALUE/ SQ FT Q m NN 69 N N 00 NDi 69 h 69 CO cr; N 69 ADJUSTMENT Size $ + 4,300 Basement + 1 806 $ 6,106 Size $ +3,440 Basement + 662 $ 4,102 Size $ + 4,085 Basement + 843 $ 4,928 GARAGE OUT BLDG MISC 528 Sq Ft 484 Sq Ft 462 Sq Ft 504 Sq Ft BSMT SF BSMT FIN 1380 Sq Ft 1260 Sq Ft 1336 Sq Ft 1324 Sq Ft PLUMBING 2 Full 2 Full 7 W N 2 Full EXT WALL Frame Hardboard G L wx '0 L 0 or wx 0 wx STYLE YR BLT QUALITY RANCH 1996 FAIR PLUS RANCH 1995 FAIR PLUS RANCH 1995 FAIR PLUS RANCH 1995 FAIR PLUS SF IMPS SPI 1400 Sq Ft $103,500 1320 Sq Ft $103,395 1336 Sq Ft $107,488 5/31/96 1324 Sq Ft $125,277 $19,500 $105,777 LAND SIZE LAND VALUE o o N V 0 vi 7 A 0 o in 69 SALES DATE SALES PRICE O N 69 VD 00 CO N 69 N• 3/29/96 $126,988 PIN SUBDIVISION ADDRESS SUBJECT: #1253297 438 LACOSTA LN JOHNSTOWN 105908101111 #1031396 1)675 ST ANDREWS JOHNSTOWN 105908101099 #1030196 2)666 ST ANDREWS JOHNSTOWN 105908101055 #1025396 3) 600 AVIARA ST JOHNSTOWN O X H z 0 H E 4 zz RECOMMEND: BOE SUMMARY SHEET PIN #: R1253297 PARCEL #: 105908101136 LINDLEY BRIAN K 438 LACOSTA LANE JOHNSTOWN, CO 80534 HEARING DATE: ul 22, 19I HEARING ATTENDED? AGENT NAME: APPRAISER NAME DECISION: Land TIME: 8:30 a.m. NAME ,� / am ai� y 74& �✓L'°�_ Improvements OR Personal Property Total Actual Value COMMENTS: LW MOTION BY TO ACTUAL VALUATION ORIGINAL $ 23,000 103,500 $126,500 OpY1 SECONDED BY k• Failed to prove appropriate value No comparables given Increase/Decrease in Valuation Assessment Ratio Other: SET BY BOARD Hall--{WttJ'- Kirkmeyer - ) Webster -- N) Harbert Baxter -- N) RESOLUTION NO. 971467 Wi�Yc COLORADO July 15, 1997 LINDLEY BRIAN K 438 LACOSTA LANE JOHNSTOWN, CO 80534 Dear Petitioner(s): 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.: 105908101136 PIN No: R1253297 The Weld County Board of Equalization has set a date of Tuesday, July 22, 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 you do 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. LINDLEY BRIAN K - R1253297 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 Board BY: Carol A. Harding Deputy Clerk to the Board cc: Warren Lasell, Assessor Hello