HomeMy WebLinkAbout971441.tiffWIIDe.
COLORADO
CLERK TO THE BOARD
PHONE (970) 356-4000 EXT.4218
FAX: (970) 352-0242
915 10TH STREET
P.O. BOX 758
GREELEY, COLORADO 80632
July 25, 1997 NOTICE OF INVALID APPEAL
Parcel No.: 095915302024 PIN No.: R2544286
CANDICE A MORGAN
2510 58TH AVENUE
GREELEY, CO 80634-4525
Dear Petitioner(s):
Your request to appeal your real or property valuation has been received in this office; however,
records show your appeal to the County Assessor's Office was not made in a timely manner.
Under C.R.S. §39-8-106(1), no appeal may be accepted by the Weld County Board of Equalization
without it first having been considered by the Assessor during the Assessor's appeal period.
Although we cannot accept your appeal, we do urge you to contact the Assessor's Office to be
certain no error was made in your property valuation.
Very truly yours,
BOARD OF EQUALIZATION
/0140e
Donald D. Warden
Clerk to the Board
BY.
Carol A. Harding
Deputy Clerk to the Board
cc: Warren Lasell, Assessor
971441
AS0038
STATE OF COLORADO
DEPARTMENT OF LOCAL AFFAIRS
BOARD OF ASSESSMENT APPEALS
1 31 3 Sherman Street, Rm. 315
Denver, Colorado 80203
Phone (303) 866-5880
FAX (303) 866-4485
TDD (303) 866-5300
July 22, 1997
Board of Equalization
Weld County
915 - 10th St.
Greeley, CO 80632
Greetings:
Ir.,7
TO
The enclosed appeal from Candace Morgan, M.D. was received in our
office on July 22, 1997 (postmarked July 21, 1997). We are forwarding it to
your office for action, as it was sent to us in error.
Sincerely,
lG AC`i'Y1V COlt( C.�
Diane M. DeVries
Administrator to the Board
DMD:ml
cc: Candace Morgan, M.D.
Roy Romer
Governor
Larry Kallenberger
Executive Director
971441
CANDICE MORGAN, M.D.
2510 58th Avenue
Greeley, Colorado 80634
(970) 330-2910
WELD COUNTY BOARD OF EQUALIZATION
915 10th Street,
P.O. Box 758
Greeley, Colorado 80632
July, 18, 1997
Reference: Account R2544286
Parcel 095915302024
This letter is in response to the "denial letter" for correction of the appraised value of my
property. In my original appeal letter I pointed out that sufficient time was not allowed for my
response. This is again the case. The assessors office did not mail the notice of denial until ten
days after the date on the letter, which left me with only a few days to respond. The letter of
denial and notice for appeal was dated 6/28/97, the letter from the assessors office was not
postmarked until 7/8/97, and the deadline for response was 7/15/97.! I have been out of town and
opened my mail today to discover I was again past the deadline! Less than one week from the
time a letter was postmarked is unfair and unrealistic.
Enclosed is the same documentation that I previously submitted, along with the copy of the
envelope with the postmark of July 8, 1997. Since I anticipate again being denied correction of
the assessed value, I am appealing to the next level stated in your letter, in order to avoid being
delinquent in the next level of appeal!
Sincerely,
Candice Mor
ast,
COLORADO
MORGAN CANDICE A
2510 58Th AVE
NOTICE OF DENIAL
GR HW2-24 L24 BLK2 HIGHLAND PARK
WEST 12510 58 AVE%
OWNER: MORGAN CANDICE A
GREELEY, CO 80634-4525
06/28/1997
LOG 7312
PARCEL 095915302024
ACCOUNT R2544286
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
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 REQUEST FOR REVIEW WAS RECEIVED AFTER THE STATUTORY DEADLINE. THE
ASSESSOR'S STAFF WILL REVIEW YOUR PROPERTY FILE LATER THIS YEAR AS TIME AND
RESOURCES PERMIT. IN THE FUTURE TO KEEP ALL OF THE APPEAL RIGHTS OPEN TO YOU,
PLEASE REQUEST A REVIEW OF YOUR VALUATION DURING THE TIMES PRINTED ON YOUR
NOTICE OF VALUATION.
PROPERTY CLASSIFICATION
PETITIONER'S
ESTIMATE
OF VALUE
ASSESSOR'S VALUATION
ACTUAL VALUE
PRIOR TO REVIEW
ACTUAL VALUE
AFTER REVIEW
LAND
IMPS
46250
554948
46250
554948
TOTALS $ $
6niioa $
G01+9a
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-
I06(l)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal.
By:
IS -OPT -AR
Form PR -207-87/94
WARREN L. LASELL
WELD COUNTY ASSESSOR
06/28/1997
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 EOUALIZATION'S DETERMINATION:
The County Board of Equalization must make a decision on your appeal and mail you a determination within five
business days. The County Board must conclude their hearings by August 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.
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CANDICE MORGAN, M.D.
2510 58th Avenue
Greeley, Colorado 80634 .. ry
(970) 330-2910 ��: J 2
Board of Assessment Appeals
1313 Sherman, Room 315
Denver, Colorado 80203
July 18, 1997
Reference: Weld County Property Appraisal
Account R2544286
Dear Appeals Board;
�:aG0
o Lo ual APPEALS
This letter is an appeal for correction in the assessed value of my property located at the above
address. The original notice did not allow time for me to obtain the documentation for appraised
value to submit by mail prior to the deadline, and I was unable to be seen by appointment prior to
deadline. The denial letter due to my delinquency in response was again not received in time to
allow a response. It was postmarked July 8, with the deadline for postmarked response of July
15. I was out of town for a few days and did not open my mail until this date. Less than a week
for responding is unreasonable. I therefore anticipate a second denial and therefore am
forwarding my appeal to the Board of Assessment Appeals on the grounds that I have not been
allowed the opportunity for a fair appeal with the Weld County Assessor's office, and was not
notified in sufficient time to meet the deadline for appealing this decision to the the the Weld
County Board of Equalization..
Enclosed are copies of my documentation and letters. I appreciate your attention to this matter.
Sincerel
Candice Morgan
CANDICE MORGAN, M.D.
2510 58th Avenue
Greeley, Colorado 80634
(970) 330-2910
Warren Lasell
1400 N. 17th Avenue
Greeley, CO 80631
June 20, 1997
Reference: Account R2544286
This letter is in regard to your "Notice of Valuation" referencing my property located at the above
address. This property was appraised by the mortgage lender in April 1996 at $530,000 with
your notice stating a value of $601,198 . I requested a copy of this appraisal from the lender,
for support of my appeal and just received it. Your notice was not received until the first week of
June, which left less than two weeks to obtain the required documentation and submit a written
appeal. It was not possible to submit this by appointment this date, therefore I am mailing the
response. A copy of this appraisal is attached along with a copy of the loan document with the
same stated value of $530,000. A change to the valuation of $530,000 is therefore requested.
Thank you for your acceptance of this appeal and documentation.
Sincerely,
Candice Morgan
LEGAL DESCRIPTION:
GR HW2-24 L24 BLK2 HIGHLAND PARK WEST
2510 58 AVE%
************************AUTO 5 -DIGIT 80634
MORGAN CANDICE A
2510 58TH AVE
GREELEY, CO 80634-4525
II..I.I1..r• II....Ih.I..I.I..I.I.I...I.I.I.I.r..I I I I III
NOTICE OF VALUATION
REAL PROPERTY
This Is Not a Tax 13111
Warren L. Lasell
Weld County Assessor
1400 N. 17th Avenue
Greeley, CO 80631
Date: 05/22/97
HEARING DATES: MAY 22 - JUNE 20 1997
LOCATION: 1400 N 17th Avenue
TELEPHONE NO: (970) 353-3845 x-3650
FAX NO: 970 351-0978
TAX YEAR: 1997
- TAX AREA: 0600
PARCEL NO: 095915302024
. ACCOUNT NO: R2544286.
PROPERTY ',PRIOR YEAR
CLASSIFICATION ACTUAL VALUE
RESIDENTIAL 261250
TOTAL
261250
CURRENT YEAR
ACTUAL VALUE
INCREASE/
DECREASE
601198 339948
601198
339948
Parcel# 095915302024
Account# R2544286
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:
Address:
Weld County Assessor
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:
� e 4„, a ' -fit
YOU HAVE THE RIGHT TO APPEAL
YOUR RI.;AJ_ 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 FAX it to the Assessor at the address listed on this Notice of Valuation. '1'o
preserve your right to appeal, your mailed appeal muslgre postmarked no later thalh 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: Hie Assessor must make a decision on yorrr appeal add mail a Notice al
J)etcrnrinatapn to you by the last regular working day in June.
APPEALING THE ASSESSORtg DECISION: If you are not satisfied with•the Assessor's determination; or
if you do not receive a Notice of Detormination from the Assessor, you must file a written appeal with the
County Dodd of Equalization on or before July 15. ,
• 12TAL,` PROPERTY APPEAL FORM
YOU MAY ELECT:EO COMPLETE THE FORM WIIICII FOLLOWS TO APPEAL YOUR .
,PROPERTY VALUATION OR CLASSIFICATION.
REAL 1'-ROPER'I'Y 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
pm mercy. Which can be compared to the value determined by the Assessor, Colorado law requires consideration
oft�he market approacli.to value
for rosiclential properties (mcludcs'apartments) and the cost, marke6,•aaid inconie
approaches to value for vacant land, corlimercial,.and in ustrial.properties.
•
• REAL PROPERTY QUESTIONNAIRE
MACH ADDITIONAL DOCUMENTS AS NECESSARY
MARKET APPROACH: 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 valuer
I lave similar properties in your immediate neighborhood sold?
DATE SOLD PROPERTY ADDRESS
SELLING PRICE
note: the Cost and Income Approaches are used on Commercial and Industrial properties only. -
COS'I' APPROACH: This approach uses replacement cost new, less depreciation and is best when the
,uuctitres are new or less than 5-yrs old. If the structure is less than 5 yrs old please answer the following:
Type of Structure Cost to construct new
I live changes been made since construction. Please describe them.
Type of change Cost
'type of change Cost
pc of change Cost
INCOME APPROACH: This approach uses net income from operation of a property which was reified of
e:t'd the previous year and converts the net income into actual market value. Please attach operating statements.
Lu wing income and expenses related to operation of the buildings only. These statements should reflect the past
ears of operation if possible, Also show rents of comparable properties ifyou have that information available.
II you have an appraisal showing the income approach which was done in the past 2 years, please attach also.
upon die iulonnatio❑ shown above please give your estimate of the true market value of your property
..aline 30, 1906 $
!legion Section
,DNS APPRAISAL SERVICES, INC
UNIFORM RESIDENTIAL APPRAISAL RErORT
File No. 01303077
Y;
C:
0
N-
C
0
N;
ITEM
De.. Peke W On.
Source 1« rarer sere
within ma Msigniori
SUBJECT
NEW
CONSTRUCTION
COMPARABLE NO. I
NO PRIOR SALE IN THE
PAST YEAR
COUNTY ASSESSOR
COMPARABLE NO. 2
NO PRIOR. SALE IN THE
PAST YEAR
COUNTY ASSESSOR
COMPARABLE NO. 3
NO PRIOR SALE IN THE
PAST YEAR
COUNTY ASSESSOR
I,wIYW N arty ay.M M.awnwy Moak. .e5el. rayons M Na airport property arm waiver el pro prim .0... .l haw err compw.Waa within ern year of Or aro of wq,M1,l:
RESEARCH INDICATES NO CURRENT OR PRIOR LISTINGS OR SALES HISTORY FOR THE SUBJECT AND
COMPARABLES OTHER THAN THE REPORTED SALES.
INDICATED VALUE BY SALES COMPARISON APPROACH { 530 000
INDICATED VALUE BY INCOME APPROACH yI Applicable' aum.raa Marker nom . N/A
I 1 CI ope.a (Xi Go
,Rani eamr {N A
Tire oppraMd lo merle u ••� y. arlllapa M rho mirk, allarglarar. Ir'MnYaw w pmWrlerer loud War bf a.ilesl to ea^VMYm her ores vtl Men=larwbn.
Cesol.. el Armorer :CONTINGENT AND LIMITING CONDITIONS ATTACHED. THIS APPRAISAL IS CONTINGENT ON A
FINAL INSPECTION BY THIS APPRAISAL FIRM UPON COMPLETION OF CONSTRUCTION. I CERTIFY THAT I
HAVE THE APPROPRIATE KNOWLEDGE AND EXPERIENCE THAT WAS NECESSARY TO COMPLETE THIS ASSIGNMENT.
Furl Marmara. MOST WEIGHT WAS GIVEN THE MARKET APPROACH AS IT REFLECTS THE ACTIONS OF BUYERS AND
SELLERS. THE COST APPROACH WAS CONSIDERED ONLY AS AN INDICATOR OF VALUE. THE INCOME APPROACH
WAS NOT CONSIDERED BASED ON THE LACK OF MARKET RENTAJ. DATA NEEDED TO ESTABLIIH A GRN.
The propose N IM motored le le yWMa the market vµ4 - Ir red properly IMO I. the mg., et the repot. bard on IM above cpyMlde and rho wlYknlM comNgon, end Woking
aarWllar.,ormote rota 4fldlw that ere earl Inthe NtN.aFr.µ. Mao Form e3i/Fe.i. Mao Form 100451WNe.d 6-93 1.
I ME) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OFYHIS REPORT, AS Of
APRIL 3 1996 (WHICH IS THE DATE OF INSPECTION AND THE EF CTIV'DA THIS REPORT) WgBE t 530.000
IPPRrueae n 44 44 .IrL,nLL55, /il/ SUPSUPERVISORYeD. tD7A
Munrob
. ULIU- ilii U.ACOYU---
oarneSHERRY GAERTN
Dm. Report Won . APRIL 5 . 1996
Std. c.nin.NIn• CR01324379. 12-96 stn. CO
0. na4 Linn..
F,Mtia Mao Form 70 4.53
SM.
SI—In
nn.RALPH HE
Dna Repot Siena APRIL 5 . 1996
state cerlam.Rn. CR01313306, 12-97
0, age tic... F
'QOM ®0444,,
suer. CO
cops. prapmry
MCS, RcWYm. TX 16001 42111 050.7701
Property, Deocr.ption
GINS APPRAISAL SERVICES,
UNIFORM RESIDENTIAL APPRAISAL REPORT
File No. 01303017
Pmete we 251.0 58TH AVENUE cm GREELEY srt. CO i.c.c. 80634
S
tr« Neeeie LOT 24, BLOCK 2. HIGHLAND PARK WEST county WELD
U.
Mew WI Pei. No. TBD re. Y... N/A a[. n.. I TED Spend Moon ws. I NONE
B.
sorrow« MORGAN. CANDICE cue o..,,., SAME o.t%w noun., nr.t.. Ream
dens apwW Ipl he Online I I L•rwrd I PI eat Tvw n I•yy n Cwk.milM, NIVDrvA Mvl HOA t NONE Ale.
;.C'Newer
.°
N.aropea•a« Prefect N..HICHLAND PARK rag na.,N. G13 e.,w Tr% 0014,01/3060
T<
gals. Moe I N/A oar. was. N/A ww,iwlon end t ale«« a 1pa <twuwcPogli w to a lop br.wr N/A
L«yrJaws FIRST MORTGAGE OF FORT CO Asa.• 1125 W. DRAKE RD, SUITE B-3 FORT COLLINS CO 80526
Owen. SHERRY GAERTNER hors 4836 S. COLLEGE AVE.. SUITE 100. FT COLLINS, CO 80525
Lela. [U 1Me•n .1' sown,. ■ flu•I
Suet ,p P1 Owe. 16% •tef 2526% loUnder 25%
IM,w .a
fie'
%%A lordly Sue.
PRICE I I0001 AGE Irr•1
Press l. •
« a
One I .oily 70
.1 .
unsa ..
❑ m., w,A. 9 ClaryWw
e,h rare . Rape II, Mitt III Sim
® on
�
110_ Law NEW
24 family S
apu.e
P
Prea.mv wag.. ❑ in...lre ® sable ❑ oap.i
❑ row
600 Hal. 59
Mwa-eeney L
re: VACANT TO
D.atelhply ❑Shortage In belong ❑Ow'ee«r
P1 v<ox ro-s%1'
"I morn nunli t
c.,..... 0
SINGLE FAMILY
Mwk• tom• n vM. 'me IA1 2.a mei, n Pte e ma.
E
n v..„layer 6%1
350 • 10
VACANT 20
DWELLINGS
N
E
G_:
H--"
p
R.
H'
0:
p;:
Net Pe was,. raced <naaM..n w en enifinentedetent en two riY4wda.
Nw«a.hM Muncher. .r<l..at.arva: HIGHLAND HILI$TYUN. GOLF COURSE AND W. 20Th STREET TO THE NORTH, 47TH
AVENUE TO THE EAST, U.S. HIGHWAY .33/4.11Y- PASS TO THE SOUTH AND 62ND AVE AND OPEN AREA TO THE
WEST.
tats that .1.. Pee m.btWNw of the pawiw In Ib.ewpnwtl..d a.amlw le employment a •m.Gron, employment .Men...AM; to minketsic1:
SUBJECT IS LOCATED IN AN AREA OF GOOD QUALITY CUSTOM BUILT SINGLE FAMILY DWELLINGS IN THE
HIGHLAND PARK WEST S/D OF SOUTHWEST GREELEY AND IT DOES CONFORM TO THE SURROUNDING AREA. GOOD
PROXIMITY TO ALL SUPPORT FACILITIES, EMPLOYMENT CENTERS, SCHOOLS AND MAJOR HIGHWAY ACCESS. NO
APPARENT UNFAVORABLE' FACTORS TO AFFECT THE MARKETABILITY OF THE SUBJECT.
M.MI comm re in ire wbK. .uglyphe.d *soar@ .pee tes he love condor.% ,tleM se it. hear of Rased .5,ss. d.n«N/eawr. .« m.k.ea torn.... arch el der on
<anaMlro pow,llr rw se. lei It. N.ety.n..d, d•.eatlon se me p.yd..e al wag end financing ,.nc..l. s. ei<.I: TYPICAL MARKET CONDITIONS TEND
TOWARD THE SELLER PAYING 0 TO 4 POINTS. MARKET VALUES ARE STABLE TO INCREASINGiAT PRESENT.
THE MARKET AND ECONOMY IN MOST OF COLORADO IS CURRENTLY STRONG. THERE IS A LARte;.INFLUX OF
POPULATION FROM WEAKER AREAS OF THE NATION. GREELEY IS SHARING IN THIS STRONG..MARKET AND IS
CURRENTLY EXPERIENCING STRONG DEMAND DUE TO MORE BUYERS THAN AVAILABLE HOUSING. -TYPICAL
FINANCING IS CONVENTIONAL, PHA AND VA WITH MINIMAL SELLER -PAID POINTS. SALESf.1INANCING "L.
CONCESSIONS ARE TYPICALLY NOT. A FACTOR IN THIS MARKET. IN THE PAST 3 MONTHS THE AVERAGE
MARKETING TINE HAS REMAINED STABLE AT 30 TO 90 DAYS. THE SUBJECT'S FINAL VALUE ESTIMATE IS
ABOVE THE PREDOMINANT PRICE RANGE, AS THERE ARE VERY kV HOMES ',IN THE AREA SIMILAR TO THE
SUBJECT'S QUALITY AND UPGRADES. THIS APPRAISAL REPORT IS A' SUMMARY REPORT AS DEFINED BY THE
APPRAISAL STANDARDS BOARD OF THE APPRAISAL FOUNDATION AND COMFLI(ES WITH USPAP.
P `
D.
ryat bdam.le. N. WA ut . ,cas.l-le the d.wrp. treoW a cancel el to Homo Owneeeeeca•tien HOAR : U Yee L N.
Appa..nwd number rober e5 unite in rh.Wlr . pye< N/A pp As. .el reins. es mete t..ey in the .la, w. pear N/A
o..as common a.m.'s.s u.a.ip41 Naas.: NO HOMEOWNER'S ASSOCIATION.
oim.rens 50 X .301.93 X 82,10 X 280,64 X 211.51
Topography SLOPING TO REAR
sewn,.. 1,5 ACARES I-- corn Lae ❑v.. ®No
Size TYPICAL
s.e.ik took%oletLaisa end e.<noeaa R-1/SINGLE FAMILY RESIDENTIAL
Shape • . IRREGULAR
2.ae a.o,6s„q DE teas ❑ Law neneeworew% I0onseee.a test M Mope •NDr.e%
Drainage ADEQUATE
NySot a Mot user irAp,.w.5 I] Reese no.Moth... N. OWN
View RESIDENTIAL -OPEN
Malkin Public Other
ON -site Type Public
Landscaping NONE
Private
Improvements
(knew. sma. CONCRETE
S
Electricity
Street ASPHALT III' ❑
Apps%Ere...s TYPICAL UTILITIES
I
Gas '.-.', r
Curb/Gutter CONCRETE 17 0
E
Water ..
. Sidewalk CONCRETE III ❑
FE{8A Spacial Flood Hazard Area iiYes P1 No
l
%
Sanitary Sewer
Street lights ELECTRIC III U
FEMA Zone C Map Data 7-16-79
Storm Sewer 'III NONE '"
Alley NONE H n
FEMA Map No. 080184 0003 B
cax,ex.owner m.. a.ewyams yaa•n..w•, Cede Wool THE
°.:
spacial sermon see. o legal .nl.ma •anr@ ,:e.. <.. SIZE AND SHAPE OF THIS
SITE IS TYPICAL OF SITES IN THIS NEIGHBORHOOD. NO APPARENT ADVERSE EASEMENTS. ENCROACHMENTS,
SPECIAL ASSESSMENTS, ETC. NEGATIVELY AFFECT THE SUBJECT'S VALUE. THE PROPOSED• IMPROVEMENTS ON
THE PROPERTY ARE LEGAL AND CONFORM TO CURRENT ZONING REGUIATIONS. SITE IS SUBJECT TO ANY
RESTRICTIONS OF RECORD, NONE KNOWN TO BE ADVERSE. NO SURVEY PROVIDED. THE SUBJECT IS NOT IN A
FLOOD HAZARD AREA (SEE ATTACHED MAPY
;.*
GENERA. DESCRIPTION
No. of Url1p ONE
EXTERIOR DESCRIPTION
Foundation CONCRETE
FOUNDATION
Slab NO
BASEMENT
Area Sq. Ft. 2578
INSULATION
Roof R-30 IJ
;$:
No. of Stories TWO
Exterior Walls WD/ROCK
Crawl Space NO
% Finished 95%
Ceiling R-30 ;3
C•:!
Type(Det./Att.IpETACRED
Roof Surface COMPOSIT
Basement YES
Ceiling DRYWALL
Walls R-30 III
H?I
Design (Style) 2 STORY
Grin AOwsp. METAL
Sump Pump NO
Wells DRYWALL
Floor R-30 P1
'iP!'.
twat om,.pa••e UND CNST
Window Type WD&VINYL
Dampness NO
Floor CPT
None II
_
Age (Yrs.) NEW
Storm/Screen•DBL/COMB
Settlement NO
.VINYL
Outside Entry WALK -OUT
u,a.„y,nI
Worth. Ac. f.w.l
0
M.Mad.. Ns..NO
Inleatation NO
N-
ROOM,
Foyer
Living
Dining
Kitchen
Den
Family Rm.
Rec. Rm.
Bedroom.
a Bathe
Laundry
Other
Area So.Ft.
UI
Becoming-
1
1
1
POOL
2578
Level )
X
1
1 •
1
.5
NOOK
1976
level2
L
3
2
X
STORE.
2873
I.'
let
r
Finished area above grade contains. 8 Rooms; 3 Bedroom(.); 2.5 Benh(e);
4,849 Square Feet of Grose Living Area
fl:
VFloors
INTERIOR M.wWIC.seel
MARBLE -CPT,
HEATING
Type HOT WATER
KITCHEN EQUIP.
Refrigerator
ATTIC
Nona
AMENITIES
Fireplace's' #3 -GAS IX
CAR STORAGE
None
e;:
Walls DRYWALL/NEW
Fuel GAS
Range/Oven P1
Stairs
I
Patio SLAB ®
Garage aelCs.
M
Trim/Finish STD OAK/NEW
Condition NEW
Disposal I',j
Drop Stair
M
Deck BALCONYS IX
Attached
Bath Floor VIN-CPT/NEW
COOLING
Dishwasher ®
Scuttle
I;j
Porch COVERED ®
N
-Y.
ewe worse. MARBLE/NEW
Central YES 2
Fan/Hood ®
Floor
M
Fence LI
D.Ia.dI.
3
8
Doors 6PANEL/AVG.
Other AT FAN
Microwave ❑
Heated OPool
INDOOR • []
Bustin
Carport
JETTED TUB
C..,dlnen NEW
Washer/Dryer n
Finished 11
JACCUZI n
Driveway CONC
%CS. lechers°, IX 12141 600 2153
Par. I.1
F.wa M.. form 1004 e.e3
GOOD FAITH ESTIMATE Date hlacsh 19, 1g@5
PRELIMINARY MORTGAGE LOAN DISCLOSURE STATEMENT
Name of Applicant: Candice Morgan, M.D. Property Address: 2510 58th Avenue
Loan Number:96010081 Greeley Co 80634
This Good Faith Estimate is being provided by FIRST MORTGAGE OF FORT COLLINS, a mortgage broker and no lender has yet been
obtained. A lender will provide you with an additional Good Faith Estimate within three Business Days of the receipt of your loan application.
This list goes an estimate of most of the charges you will haw) to pay at the settlement of your loan. The fgures shown, as estimates, are
subject to change. This is not an approval of your application nor a commitment to make the loan.
LOAN SUMMARY Sales Price $ 530,000.00 Loan Amount $ 400,000.00 Rate 7.500 % Term 15
ESTIMATED LOAN COSTS
801 Loan Origination ( 1.000 %) 4,000.00 •
802 Loan Discount ( %)
803 FHA/VA/CONV Appraisal
804 Credit Report
805 Lender's Inspection Fee
806 VA Funding Fee
808 LENDER•'PAID CLOSING C
809 Tax Service Fee
81.0 Underwriting Fee
en SRP FEE 1%
lot Settlement or Closing Fee
1t02 Title Search
1103 Title Exam
1105 Document Preparation F,ee
1106 Notary Fees
1107 Attorny Fees
'-1108 Title Insurance . Form 100
- tilt Tex Cenilicate
1201 Recording Amt Deed
1201 Recording/Release Fee
1201 Recording Mortgage/Deed of Trust
1202 County Tax
1203 Documentary Fee
.'1301 Survey
1302 Pest Inspection
1304 Prepaid Association Dues
• 1305 FED EX AND FLOOD CER .
TOTAL ESTIMATED LOAN COSTS
PREPAID RESERVES
901 Int. 30 days @ 83.33 /day • ,
902 ,,Mtg. Insurance
or One -Time Min
903 Hazard.lns. $ 960.00
904
:1001 Hazard IQs. Resv. 2
1002 Mtg Insurance Resv.
1004 Tax Reserve 2
1005 HO/Gonda Fee
1006 Flood Reserve
TOTAL ESTIMATED RESERVES e
1400 TOTAL LOAN COSTS & RESERVES
a
400.00
60.00
CASH REQUIREMENT ESTIMATE
• 101 Sales Price/Amount Exist. Lens
103 Estimate Loan Costs
TOTAL
202 Lass Loan
Total Investment Required
201 Less Deposit/Application Fee
59.00 ' 303
125.00 •
100.00
175.00
539.00
15.00
36.00
a
Estimated Cash Required at Closing.*
530,000.00
9,692.08
539,692.08
400,400.00
139,692.08
139,692.08
• 4139,692.08
MONTHLY PAYMENT ESTIM
Principal and Interest :',$'' 1,854.02
Second P8I
Mongege Insurance
Hazard Insurance
Taxes
Association Dues'"
Other
ESTIMATED PAYMENT
'"Will not be included in payments.
• 40.00 . ESTIMATED SELLER COSTS
' 85.00 Sales Commission - See Contract
s _
Loan Discount
Title Insurance (Owner's Premium)
95.00 Recording/Release Fee
$ 5,729.00 Document Preparation Fee
Tax Service Fee
2,500.00 ' Unberwriting Fee
!Tax Certificate
960.00 Settlement/Closing Fee
Total Other Sellers Cost
73.84 TOTAL ESTIMATED SELLER COSTS $ _
369.24
3,903.08
s 9,692.08
36.92
"184.62
a 2,075.56
A ban discount may be charged to the seller in some cases. The finance charges indicated with en ' above must be computed in order to
calculate the total amount financed applicable to this loan. The in turn will result In a calculation of an annual percentage rate in accordance
with -Truth in Lending' Regulations Z. The annual percentage rale may not necessarily result in the same simple Interest rate shown above
which will be used for the purpose of computing your monthly payments.
This form does not cover all Items you will be required to pay In cash at settlement, for example, deposit
In escrow for real estate taxes and insurance. You may wish to inquire as to the amounts of other such
items. You may be required to pay other additional amounts In settlement.
I/We hereby acknowledge receipt of the Good Faith Estimate, HUD Settlement Costs Booklet which contains the Equal Opportunity Notice.
Prepared by:
Borrower
Seller
Candice Morgan, M.D.
Date
Fax.. I. MO p/pet
eec,ovn
Date
Co Borrower
Seller
Data
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,III! III,,.„IL„IJ
WELD COUNTY BOARD
915 10th Street,
P.O. Box 758
Greeley, Colorado 80632
July, 18, 1997
CANDICE MORGAN, M.D.
2510 58th Avenue
Greeley, Colorado 80634
(970) 330-2910
OF EQUALIZATION
Reference: Account R2544286
Parcel 095915302024
CAT
• 11 -HI
i0
This letter is in response to the "denial letter" for correction of the appraised value of my
property. In my original appeal letter I pointed out that sufficient time was not allowed for my
response. This is again the case. The assessors office did not mail the notice of denial until ten
days after the date on the letter, which left me with only a few days to respond. The letter of
denial and notice for appeal was dated 6/28/97, the letter from the assessors office was not
postmarked until 7/8/97, and the deadline for response was 7/15/97.! I have been out of town and
opened my mail today to discover I was again past the deadline! Less than one week from the
time a letter was postmarked is unfair and unrealistic.
Enclosed is the same documentation that I previously submitted, along with the copy of the
envelope with the postmark of July 8, 1997. Since I anticipate again being denied correction of
the assessed value, I am appealing to the next level stated in your letter, in order to avoid being
delinquent in the next level of appeal!
Sincerely,
Candice Mor
WRDc.
COLORADO
MORGAN CANDICE A
2510 58TH AVE
NOTICE OF DENIAL
GR HW2-24 L24 BLK2 HIGHLAND PARK
WEST $2510 58 AVE%
OWNER: MORGAN CANDICE A
GREELEY, CO 80634-4525
06/28/1997
LOG 7312
PARCEL 095915302024
ACCOUNT R2544286
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
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 REQUEST FOR REVIEW WAS RECEIVED AFTER THE STATUTORY DEADLINE. THE
ASSESSOR'S STAFF WILL REVIEW YOUR PROPERTY FILE LATER THIS YEAR AS TIME AND
RESOURCES PERMIT. IN THE FUTURE TO KEEP ALL OF THE APPFAT RIGHTS OPEN TO YOU,
PLEASE REQUEST A REVIEW OF YOUR VALUATION DURING THE TIMES PRINTED ON YOUR
NOTICE OF VALUATION.
PROPERTY CLASSIFICATION
PETITIONER'S
ESTIMATE
OF VALUE
ASSESSOR'S VALUATION
ACTUAL VALUE
PRIOR TO REVIEW
ACTUAL VALUE
AFTER REVIEW
LAND
IMPS
46250
554948
46250
554948
TOTALS $ $
cni i nu $ 6.0119.8
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-
106(1)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal.
By:
15-DPT-AR
Form PR -207-87/94
WARREN L. LASELL
WELD COUNTY ASSESSOR
06/28/1997
DATE
ADDITIONAL INFORMATION ON REVERSE SIDE
rn
rn
cn
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en �.
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CeJ
'n
ADDRESS SERVICE REQUESTED
CANDICE MORGAN, M.D.
2510 58th Avenue
Greeley, Colorado 80634
(970) 330-2910
Warren Lasell
1400 N. 17th Avenue
Greeley, CO 80631
June 20, 1997
Reference: Account R2544286
This letter is in regard to your "Notice of Valuation" referencing my property located at the above
address. This property was appraised by the mortgage lender in April 1996 at $530,000 with
your notice stating a value of $601,198 . I requested a copy of this appraisal from the lender,
for support of my appeal and just received it. Your notice was not received until the first week of
June, which left less than two weeks to obtain the required documentation and submit a written
appeal. It was not possible to submit this by appointment this date, therefore I am mailing the
response. A copy of this appraisal is attached along with a copy of the loan document with the
same stated value of $530,000. A change to the valuation of $530,000 is therefore requested.
Thank you for your acceptance of this appeal and documentation.
Sincerely,
Candice Morgan
LEGAL DESCRIPTION:
GR H142-24 L24 BLK2 HIGHLAND PARK WEST 7.
2510 58 AVE%
NOTICE OF VALUATION
REAL PROPERTY
This Is Not a Tax Bill
************************AUTO 5 -DIGIT 80634
MORGAN CANDICE A
2510 58TH AVE
GREELEY, CO 80634-4525
•
Warren L. Lasell
Weld County Assessor
1400 N. 17th Avenue
Greeley, CO 80631
pate: 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) 35.1-0978
l'AX YEAR: 1997 •
• TAX AREA: 0600
PARCEL NO: 095915302024
, _ ACCOUNT NO: R2544286,
PROPERTY ,PRIOR YEAR
CLASSIFICATION ,. ACTUAL VALUE
RESIDENTIAL 261250
TOTAL
261250
CURRENT YEAR INCREASE/
ACTUAL VALUE DECREASE
60119.8
339948
:,".}i01198 339948
Parcel# 095915302024 '
Account# R2544286
To appeal by mail, list your name, address, and phone ii below, detach the lower portion of this notice
and mail in accordance with instructions on the reverse side to:
Name:
Weld County Assessor
1400 N. 17th Avenue
Greeley, CO 80631
Address:
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-I-104(1) and (I.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:
YOU HAVE THE RIGHT TO APPEAL
YOUR ROAI. 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 FAX it to the Assessor at the address listed qn this Notice of Valuation. To
preserve your right to appeal, your mailed appeal nntstXbe postmarked no later that) May 27.
APPEAL IN PERSON: If you choose to present opal 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 I and June 2. ,.
ASSESSO;t'S DETERMINATION: The Assessor must make a decision on yotrr appeal aild mail a Notice of
peterrninatipn to you by the las regular working day in June.
•
APPEALING THE ASSESSORrS DECISION: If you are not satisfied with -the Assessor's determination; or
if you do mot receive a Notice of Detormination from the Assessor, you must file a written appeal with the
County Heald of Equalization on or before July 15.
REAL PROPERTY APPEAL FORM
YOU MAY ELECT:FO COMPLETE THE FORM WHICIL 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
pio rerty. Which can be comtared to the value determined by the Asscsssot, Colorado law requires consideration
ofthe market approach -to value for residential properties (mcludcs'apartments) and the cost, market,. and income
approaches to value for vacant land, cote mercml,.and industrial-.propeeties.
• REAL PROPERTY QUESTIONNAIRE
A'VFACII ADDITIONAL DOCUMENTS AS NECESSARY
MARKET APPROACH: 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?
DATE SOLD PROPERTY ADDRESS
SELLING PRICE
N9te: 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
'tinctures are new or less than 5-yrs old. If the structure is less than 5 yrs old please answer the following:
'ripe of Structure Cost to constnict new
I lave changes been iii.ide since construchomiT Please describe them.
Type of change Cost
Type of change Cost
lope of change Cost
INCOME APPROACH: This approach uses net income from operation of a property which was rented or
,,;, d IIa' previous year and converts the net income into actual market value. Please attach operating statements
Hi, 'wing income and expenses related to operation of the buildings only, "I Iicse statements should reflect the past
't'ams of operation if possible, Also show rents of comparable properties if you have that information available.
It you have an appraisal showing the income approach which was done in the past 2 years, please attach also.
d upon the information shown above please give your estimate of the true market value of your property
.;f June 30, 1996 $
Property, Description
( .)IS APPRAISAL SERVICES,
UNIFORM RESIDENTIAL APPRAISAL REPORT
File No. 61303077
$
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nwertsarina* 2510 58TH AVENUE city GREELEY
teal winnow LOT 24. BLOCK 2. HTGHIAND PARK WEST °soon WELD
TBD spyw ew+n-+• t NONE
nDwa, n7w.. tA[yw.a
na...a'• Prat No. TBD
sea ayw MORGAN. CANDICE
iXlFn.mo. nL....uld
Ft —v
Nwroal..° w M.I..r NsreHTGLHAND PARK
sow N/A Dales sal N/A Dpawln•nd
leraerlserx FIRST MORTGAGE OF FORT CO Mite 1125 W. DRAKE RD
4836 S. COLLEGE AVE
Ramer.+
eva.eY
® oars
❑ Ta,w ;,g
® Swan W -6%l .
nVacwd laver atll
cwrer. caner SAME
,.. v.. N/A
nP
a.
0
CO he cede 80634
n c.od.Mra.n SIVDNA yel HOA a NONE m .
0014.01/3060
Aga
twists,
Suet.
as di rate
Fy_IY value.
pan•tllsrple
SHERRY GAERTNER
Ipl swore. ❑IWO
9 26-76% 9 Under 20%
® Stye ❑ beer
® aye ❑ oe na*
®o''"
❑ Ra-d
❑ Ilraewlp
❑ elrerlp Eh. t. ❑ ovation*
❑ under 'moo, ®}e met n0VY0mw
G1.3
a.. 1,
.n.tO a sew in sow N/A
SUITE B-3 FORT COLLINS. CO 80526
SUITE 100, FT COLLINS, CO 80525
Single wryly heals Pewg led as tad rwe3+v
,ICE t p0D1 AGE SAO one leanly 70 ❑ Na likely. 9 Likely
i41amity ®In peas
.nkr_ T.: VACANT TO
canmcra. 0 SINGLE FAMILY
350 10 VACANT 20 DWELLINGS.
250 tea MEW
600 wen 0
1r,edann~,l.x
11
Ne M and ereadd m,V•Sda, el S. tWased pro ,M sg.aler4erda..
N.0N.I.ad l.wuerw .w ererwMsdor HIGHLAND HILI$'WJN. GOLF COURSE AND W. 20TH STREET TO THE NORTH, 47TH
AVENUE TO THE EAST, U.S. HIGHWAY'3VEY-PASS TO THE SOUTH AND 62ND AVE AND OPEN AREA TO THE
WEST. '
resew Malt What the mately41Y M OS Pennies In N..NNiewl.od Ipo..Nty to employment and ernes.••. employment Pylty, appeal to main MAI:
SUBJECT IS LOCATED IN AN AREA OF GOOD QUALITY CUSTOM BUILT SINGLE FAMILY DWELLINGS IN THE
HIGHLAND PARK WEST S/D OF SOUTHWEST GREELEY AND IT DOES CONFORM TO THE SURROUNDING AREA. GOOD
PROXIMITY TO ALL SUPPORT FACILITIES, EMPLOYMENT CENTERS, SCHOOLS AND MAJOR HIGHWAY ACCESS. NO
APPARENT UNFAVORABLE' FACTORS TO AFFECT THE MARKETABILITY OF THE SUBJECT.
Mm condition 1n oh. abject ,.11Wahwd eoltlri spat la the there contlu.ane related to the Hen m aeper0Y .alts,. esm Wlw4Pr..' merketMO lm.... such tie een>n
.wwMmw prepense lay. M or rnldawww. °walptln a N. awoerss ass. era wan.. cons. ales. .1.1: TYPICAL MARKET CONDITIONS TEND
TOWARD THE SELLER PAYING 0 TO 4 POINTS. MARKET VALUES ARE STABLE TO INCREASING-sAT PRESENT.
THE MARKET AND ECONOMY IN MOST OF COLORADO IS CURRENTLY STRONG. THERE IS A TAMIL INFLUX OF
POPULATION FROM WEAKER AREAS OF THE NATION. GREELEY IS SHARING IN THIS STRONG'tARKET AND IS
CURRENTLY EXPERIENCING STRONG DEMAND DUE TO MORE BUYERS THAN AVAILABLE HOUSING. • - TYPICAL
FINANCING IS CONVENTIONAL, .FHA AND VA WITH MINIMAL SELLER- PAID POINTS. SALESIEINANCING
CONCESSIONS ARE TYPICALLY NOT. A FACTOR IN THIS MARKET. IN THE PAST 3 MONTHS THE AVERAGE
MARKETING TIME HAS REMAINED STABLE AT 30 TO 90 DAYS. THE SUBJECT'S FINAL VALUE ESTIMATE IS
ABOVE THE PREDOMINANT PRICE RANGE, AS THERE ARE VERY FEW HONES.'IN: THE AREA SIMILAR TO THE
SUBJECT'S QUALITY AND UPGRADES. THIS APPRAISAL REPORT IS A' SUMMARY REPORT AS DEFINED BY THE
APPRAISAL STANDARDS WARD OF THE APPRAISAL FOUNDATION AND COMP:WES WITH USPAP.
Preece ardenneden Yer RA. Ul .ppkcWMl-N es wvsopetAui•r N contra of 1M Herne O,,.t. M•edia,n 1.10A11 l_l ye. ❑ No
Apae.kn.M ..nines el trite In e. swat Pojatl N/A Approximate ton mow. el wits for tale .n N. wised project N/A
Del.,.bee.mmn.Nmem•.b ucre.den'. lwsiw. NO HOMEOWNER'S ASSOCIATION
oso.so.50 X301.93 X 82.10 X 280,64 X 211.51
Sire Nu 1.5 ACARFPS +- Carer Let ❑ Ma ® No
swell laanp aoo,harrut we dwaptien M-1/SINGLE FAMILY RESIDENTIAL
won umW✓ru ® lye 0 legal neaten( coming Mrstllsrw. cal 0 Mogul ❑ No a.nry
e Set w a Almond ® Prawns.. ❑ suers. h.ad,l
Topography SLOPING TO REAR
Size TYPICAL
Shape - IRREGULAR
Drainage ADEQUATE
View RESIDENTIAL -OPEN
OR -site Type PubliL Private Landscaping NONE
UtWtiee public Other krtprovar•ent. Driveway Surface CONCRETE
S' Electricity Street ASPHALT ®i 9 Aoperw teeeMes. TYPICAL UTILITIES
I Gae Curb/Gutter CONCRETE ® 9
Water ,. . Sidewalk CONCRETE ® 9 FEMA Special Flood Hazard Area ❑ Yee ®No
Sanitary SewerStreet light. ELECTRIC ® 9 PEMA Zone G Map Date 7-16-79
Storm Sewer'- n NONE .. All°v NONE , n n FEMA Mao No. 080184 0003 B
:r c.,m.n.elap.a+Sawn eaane+•.increach r.rru. spurn same Na elide sow wwo or WS artararo .amv Lie We.I: THE SIZE AND SHAPE OF THIS
SITE IS TYPICAL OF SITES IN THIS NEIGHBORHOOD. NO APPARI•rNT ADVERSE EASEMENTS, ENCROACHMENTS,
SPECIAL ASSESSMENTS, ETC. NEGATIVELY AFFECT THE SUBJECT' S VALUE. THE PROPOSED• IMPROVEMENTS ON
THE PROPERTY ARE LEGAL AND CONFORM TO CURRENT ZONING REGULATIONS. SITE IS SUBJECT TO ANY
RESTRICTIONS OF RECORD, NONE KNOWN TO BE ADVERSE. NO SURVEY PROVIDED. THE SUBJECT IS NOT IN A
FLOOD HAZARD AREA (SEE ATTACHED MAP).:
GENERA. DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION
Ea. No. of UN}, ONE Foundation CONCRETE Slab NO Area Sq. Ft. 2578 Roof R-30
S. No. of Stories TWO Exterior Wells WD/ROCK Crawl Space NO 96 Finished 95% Ceiling R-30
all
Type(Det./Att.IDETACHED Roof Surface COMPOSIT Basement YES Calling DRYWALL Wane R-30 III
1 Design (Style) 2 STORY out.. a owt.en' Ti AL Sump Pump NO Walls ' DRYWALL Floor R-30 O
p E.YtieNrapaed UND CNST Window Type WD6VINYL Dampness NO Floor CPT .VINYL None 9
1.f1 Age (Yre.i NEW Storm/ScreeneDBL/COMB Settlement NO Outside Entry WALK -OUT urarww,
• : [mare Ape ryre. 0 Mer.naids H...NO Infestation NO
N. ROOMS Foyer m a Dining 'Kitchen Den Family Rm. Rec. Rm. Bedrooms a Bathe Laundry Other Area Sq.Ft.
, BeeemOm 1 1 1 POOL 2578
OLevel I . 1 t 1 5 NOOK 1976
3 2 K STORE. 2873
Level 2
P;
R<
0
V;
M
B:
Nr'
T?
8'
Finished eras above grade contains:
INTERIOR MM.laacanaleon
Floors MARBLE -CPT•
Walls DRYWALL/NEW
Trim/Finish STD OAK/NEW
Bath Floor VIN-CPT/NEW COOLING
eabwnw. MARBLE/NEW Central YES 2
Doors 6PANEL/AVG. Other AT FAN
8
Roo
HEATING
Type 110°F WATER
Fuel GAS
canna NEW
JETTED TUB Cotdlnn NEW
3 Bedroom(s);
KITCHEN EQUIP.
Refrigerator ❑
Range/Oven
Disposal III
Dishwasher
Fan/Hood all
Microwave ❑
Washer/Dryer
d. Ma rues 700.93
2.5 Bath el: 4,849 Square Fee
ATTIC
None ❑
Stairs ❑
Drop Stair ❑
Scuttle
Floor 0
Heated ❑
Finished n
AMENITIES
Fireptacelsl a3 -CAS
Patio SLAB
Deck EALCONYS
Porch COVERED
Fence
Pool INDOOR l
JACCUZI
41 6.9-7793 Owe l.'
f Gross LivIng Area
9
n
CAR STORAGE
None (1]
Garage s el Cs.
Attached
Detached
tor .m 3
Carport
Driveway CONC
w term 1004 e.93
GOOD FAITH ESTIMATE on Mach 19, 1999
PRELIMINARY MORTGAGE LOAN DISCLOSURE STATEMENT
Name of Applicant: Candice Morgan, M.D. Property Address: 2510 58th Avenue
Greeley Co 80634
Loan Number: 96010081
This Good Faith Estimate is being provided by FIRST MORTGAGE OF FORT COLLINS, a mortgage broker and no lender has yet been
obtained. A lender will provide you with an additional Good Faith Estimate within three Business Days of the receipt of your loan application.
This list gives an estimate of most of the charges you will have to pay at the settlement of your loan. The lgures shown, as estimates, are
subject to change. This is not an approval of your application nor a commitment to make the loan.
LOAN SUMMARY Sales Price $ 530,000.00 Loan Amount $ 400,000.00 Rate 7.500 % Term 15
ESTIMATED LOAN COSTS-
801 Loan Origination ( 1.000 %) 4,000.00 •
802 Loan Discount I %)
803 FHANA/CONV Appraisal 400.00
804 Credit Report 60.00
805 Lender's Inspection Fee
806 VA Funding Fee
808 LENDER' PAID CLOSING C
809 Tax Service Fee
810 Underwriting Fee
811 SRP FEE 1%
1101 Settlement or Closing Fee
1102 Title Search
1103 Title Exam
1105 Document Preparation Fee
1106 Notary Fees
1107 Attornej Fees
1108 Title Insurance * Form 100
till Tax Certificate
1201 Recording Amt Deed
1201 Recording/Release Fee
1201 Recording Mortgage/Deed of Trust
1202 County Tax •
1203" Documentary Fee
1301 Survey
1302 Pest Inspection •
1304 Prepaid Association Dues
1305 FED EX AND FLOOD CER .
TOTAL ESTIMATED LOAN COSTS
PREPAID RESERVES
901 Int. 30 days @ 83.33 /day •
902 Mlg. Insurance %
or One -Time MIP
903 Hazard.lns. $ 960.00
904
1001 Hazard les. Resv. 2
1002 Mtg.' Insurance Resv
1004 T➢r Reserve 2
1005 HO/Condo Fee
1006 Flood Reserve
TOTAL ESTIMATED RESERVES 3,903.08
a 140o TOTAL LOAN COSTS & RESERVES s 9,692.08
CASH REQUIREMENT ESTIMATE
101 Sales Price/Amount Exist. Liens
103 Estimate Loan Costs
TOTAL
202 Less Loan
Total Investment Required
201 Less Depcsit/Application Fee 4
59.00 • 303
125.00 •
100.00
175.00
539.00
15.00
36.00
Estimated Cash Required at Closng.
MONTHLY
Principal and Interest
Second P81
Mortgage insurance
Hazard Insurance
Taxes
Association Dues" —
Other
PAYMENT ESTIM
530,000.00
9,692.08
539,692.08
400,040.00
139,692.08
.. r
139,692.08
L.4139,692.08
1,854.02
36.92
r '.184.62
ESTIMATED PAYMENT $ 2,075.56
"'Will not be included in payments.
40.00 . ESTIMATED SELLER COSTS
Sales Commission - See Contract
Loan Discount
Title Insurance (Owner's Premium)
95.00 Recording/Release Fee
S 5,729.00 Document Preparation Fee
Tax Service Fee
2,500.00 • Unaerwritng Fee
1.Tax Certificate
960.00 Settlement/Closing Fee
•
Total Other Sellers Cost
73.84 TOTAL ESTIMATED SELLER COSTS $
85.00
369.24
•
S
A ban discount may be charged to the seller in some cases. The Mance charges indicated with an • above must be computed in order to
calculate the total amount financed applicable to this loan. This in turn will result In a calculation of an annual percentage rate in accordance
with "Truth in Lending" Regulations 1 The annual percentage rate may not necessarily result in the same simple Interest rate shown above
which will be used for the purpose of computing your monthly payments.
This form does not cover all items you will be required to pay in cash at settlement, for example, deposit
in escrow for real estate taxes and insurance. You may wish to Inquire as to the amounts of other such
items. You may be required to pay other additional amounts in settlement.
INde hereby acknowledge receipt of the Good Faith Estimate, HUD Settlement Costs Booklet which contains the Equal Opportunity Notice.
Prepared by:
Borrower Co Borrower
Candice Morgan, M.D.
oats
oats mu
Seller Seller
0308 IMO OM)
040 1004,
Oats
Dan
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:4lation Section
YVS APPRAISAL SERVICES, INC
UNIFORM RESIDENTIAL APPRAISAL RErORT
File No. 01303077
C<
0
N
C
ip
o'
ITEM
Data. PO. and O«.
that* o- taiga sakes
within ryn « app. Sat
Mary. a.N alOmM M,a..M a —. Nllan.. I.IYp a N. nti.el p.w,v.M n5Y5 ««.v pla.aw a.Net W ewnpwaa. nithn s,. yon al Nn an. el yp,a.a:
RESEARCH INDICATES NO CURRENT OR PRIOR LISTINGS OR SALES HISTORY FOR THE SUBJECT AND
COMPARABLES OTHER THAN THE REPORTED SALES.
INDICATED VALUE BY SALES COMPARISON APPROACH $ 530.000
INDICATED VALUE BY INCOME APPROACH of ARpcabt.l E.tma.a Mwha Ram a N/A Ma.. Ora. Rant Mwlpiw - $ N/A
The wows I. m.& u "w s, U «q«, to W ,yim swain, L.patlae at cot.. MN bedew IX] .What n asnp.11an M gen. and aa.SRcatl^.
carob. a Apraaa:CONTINGENT AND LIMITING CONDITIONS ATTACHED. THIS APPRAISAL IS CONTINGENT ON A
FINAL INSPECTION BY THIS APPRAISAL FIRM UPON COMPLETION OF CONSTRUCTION. I CERTIFY THAT I
HAVE THE APPROPRIATE KNOWLEDGE AND EXPERIENCE THAT WAS NECESSARY TO COMPLETE THIS ASSIGNMENT.
1.a R..npu.aa.:MOST WEIGHT WAS GIVEN THE MARKET APPROACH AS IT REFLECTS THE ACTIONS OF BUYERS AND
SELLERS. THE COST APPROACH WAS CONSIDERED ONLY AS AN INDICATOR OF VALUE. THE INCOME APPROACH
WAS NOT CONSIDERED BASED ON THE LACK OF MARKET RENTAL DATA NEEDED TO ESTABLISH A GRM.
TN Maw. a lit appal. is a«Mn«a Pia ;what raked to Pywl, [Widths aultioet a DS report, Weld an to. Sten lestta. 'N Iln aa„Na«lan. .amlryNa and ladling
eaWNa., and n wW. va. Mfla,Ian that.. ««w «1. «I.«.s F,.N. tam Form 439/Twee U. F>; 100.0 wri.aa 6-93
SUBJECT
NEW
CONSTRUCTION
COMPARABLE NO. 1
NO PRIOR SALE IN THE
PAST YEAR
COUNTY ASSESSOR
COMPARABLE NO.2
NO PRIOR. SALE IN THE
PAST YEAR
COUNTY ASSESSOR
COMPARABLE NO. 3
NO PRIOR SALE IN THE
PAST YEAR
COUNTY ASSESSOR
I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, Of THE REAL PROPERTY THAT IS THE SUBJECT OFYHIS REPORT, AS OF
APRIL 3. 1996 (WHICH IS THE DATE OF INSPECTION AND THE EFFtCTIV DA TF OUTHIS REPORTp,pBE t 530,000
waalNea TI SIW.0I R.
e.,.l,..� u.t ., 479.),4\1." wn.t..
ni n. HERBY CAFE Nwm.RALPH BBERRI
ONRaaa, sla.e APRIL 5. 1996 O..R.p.ts.n.a APRIL 5. 1996
s«.c.NN.«.n RCRO1324379. 12-96 sat. CO sta.c.mNwwn,CRO1313306. 12-97 s.. CO
On Sm. Lan./ Slat@ O, Stn. Licata a S..
Y
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1,tl&ia Mae Form 10 5.03
Mc6. R¢N,bm TX ISOMI 12141811$47113
OF EQUALIZATIO
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