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HomeMy WebLinkAbout960393.tiff_ .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. FORM 920(8693) PETITION FOR ABATEMENT OR REFUND OF TAXES Must be flied In duplicate and all questions must be answered. Petitioners: Complete this side only. 6REELEy , Colorado, JuLy 3 , 19 9s City or Town lb The Honorable Board of Commissioners of w C Lis County Gentlemen: [� The petition of 0\ ANO Y R. A6 ECE whose mailing address is: 1558' hi)sT,-ve CT CREC--bray COLD 804, 341 City or Town State Zip Code SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL C„Q s3 -)9 L 19 STVAv€y Bacook 004 7712- /SSg 'y !sr Ave c-T respectfully requests that the taxes assessed against the above property for the years A.D. 19 , 19 , are erroneous, illegal, or due to error in valuation for the following reasons: Describe specifically the circumstances surrounding the incorrect value or tax, including owner's estimate of value. (Attach additional sheets if necessary) office Man* ma» trot 7rle OIA � o} „-p issessc4s office v4vq' f01 d out 1wus-t qvl� /sro er , _ )1gol�j on Uporcrl5ct• I claws Lvi14 showed the es--twVoWl v�xr lye_ a &Sec#" cyan HA . ( „ralsg11, FLAN� Vffrdtle u1>gs hi ht fy_e�^_1"r7hati / rie '?YJUe vc' ve AV d ask I/'I4+ j r Ce. rec./ eD�7� N I )e si- M4-/- S Vl o en 6 y yny at/ail:71 /atisa' e, .q seL it)rttJOt13 celorerOr,c&41ce 4 YYIr. Essen �)^ 4 ce 0 / o4- 7 car r sal . 1995 19 Value Tax Value Tax Orig. 21610 Abate. 710 Bat, 20930 ESTIMATE OF Therefore the petitioner requests that the taxes may be abated or refunded in the sum of $ 6 3 14* *ACTUAL TAX CAN NOT BE DETERMINED, BECAUSE MILL LEVY IS NOT SET UNTIL DEC . I declare, under penalty of perjury in the second degree that this petition,together with any accompanying exhibits or statements, has been examined by me and to the best of my knowledge, information and belief is true, correct and complete. f f Address ASS$ L7�s7 C7� G rte) • tuner By Daytime phone number 303 /287— �oZ.25 F9ent Dees Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor, as appropriate, within six months of the date of filing such petition. 39-1-113(1.7), C.R.S. IcZgfri(c ns n-fhheIner 960393 Complete Either Section I or Section II RESOLUTION OF COUNTY COMMISSIONERS Section 1: In accordance with 39-1-113(1.5) C.R.S., the commissioners of County authorize the assessor to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract, parcel, or lot of land or per schedule of personal property. County Commission Resolution # The assessor and petitioner mutually agree to an assessed value of $ for $ total tax for the year(s) 19 and an abatement/refund of $ Petitioner's Signature Date Assessor's Signature Date If Section I is not complete and/or if petition is for more than $1,000, Section II must be completed. Section II: Assessors's recommendation: ❑ approved;❑ approved in part $ %denied for the following reason(s) / Ne 9C74,1r-4. Cxrsc cL e c�Gl.`cu CS Y "�4 G2ror rsr.� Sir/? / J II to ,/*rr0'nc anc/ ,Ce cc,--c{s /n `t!--7i'/s// 0- )ct, [ 4., '—/_. 4, c ,„c /,C�1 cy //t K't " LatL\e- cc'c A/t.vc RECEIVED On -rie rW. %-5 n. n cc;cc «/r*. c 5,92/_ /_ /c, r/7. eC G' ,O/`4 f StirCA r-[' °'a ye i_S /7J6.-c L .4G/'7 0 ' ! WELD COUNTY ASSESSOR v o B Greeley, Colorado Cwt,�l y Assessor Dep.Assessor WHEREAS, The County Commissioners of WELD County, State of Colorado, at a duly and lawfully called regular meeting held on the 28TH day of FEBRUARY , A.D. 19 96 , at which meeting there were present the following members: CHAIR BARBARA J, KIRKMEYER, AND COMMISSIONERS GEORGE E. BAXTER. DALE K. HALL, CONSTANCE L. HARBERT. AND W. H. WEBSTER. notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and said Assessor WARREN T ASELL PRESENT and taxpayer RANDY R. NIECE. (name) NOT being present; and (name) WHEREAS, The said County Commissioners have carefully considered the within application, and are fully advised in relation thereto, NOW BE IT RESOLVED, That the Board CONCURS with the recommendation of *see attached (concurs or does not concur) the assessor and the petition be APPROVED , and an abatement refund BE A-.1.OWED (approved or denied) (be allowed or not be allowed) on an assessed valuation of $ 710.00 for $ 63. 14 total tax for the year(s) 19 95 . r) /,. Chairman of Board f County Com issioners i STATE OF COLORADO, } ss. County of WELD I, DONALD D. WARDEN 11Ili><LX}XH$lSMIC7=X1E1 atilElrK Clerk of the Board of County Commissioners in and for the County of WFT,D State of Colorado, do hereby certify that the above and foregoing order is truly copied from the records of the proceedings of the Board of County Commissioners for said WELD County, now in my office. IN WITNESS WHEREOF, I hav i kset my hand and affixed the seal of said County, at GREELEY, CO , this 78TH A. 19 A, . ayceC,�iJ7 taet t � I County Clerk TO BOARD 1. t/ -I,-,-,, c!`'i_��1 ) c9[(Tr i Deputy LERK TO BOARD ACTION OF THE PROPERTY TAX ADMINISTRATOR Denver, Colorado, 19 . The action of the Board of County Commissioners, relative to the within petition, is hereby ❑ approved;❑ approved in part $ ❑ denied for the following reason(s) Secretary Property Tax Administrator • It 'CEi_D CO 1 j Y^ OFFICE OF WELD COUNTY ASSESSOR i •,�, -� r"• 53 PHONE (970) 353-3845, EXT 3656 WELD COUNTY ADMINISTRATIVE OFFICES 1400 N. 17TH AVENUE V� �F GREELEY, COLORADO 80631 C. TO I COLORADO March 6, 1996 Board of County Commissioners Clerk to the Board 915 Tenth Street Greeley, CO 80631 RE: Tax abatement Petition from Randy R. Niece Dear Board: On February 28, 1996, the Board of County Commissioners considered the Tax Abatement Petition submitted by Randy Niece for property known as Lot 19 of the Stoney Brook Subdivision in Greeley, Colorado, Schedule Number R0047792. The property has a street address of 1558 41st Avenue Court, Greeley, Colorado. My original recommendation as set forth on the back of the Petition for Abatement was to deny the request. After receiving additional information and speaking with the petitioner,I changed my recommendation to approval. Thus, I recommended at the February 28, 1996, hearing that the Board of County Commissioners approve the abatement request in full. We have established the amount of the abatement to be $62.48 based upon an original tax of$1,904.20, leaving the final 1995 taxes for this property at $1,841.72. Sincerely, Warren L. Lasell Weld County Assessor BTB:W L/db:Assessor CLERK TO THE BOARD P.O. BOX 758 we GREELEY,COLORADO 80632 (303)356-4000 EXT.4225 !E COLORADO February 13, 1996 Randy R. Niece 1558 41st Avenue Court Greeley, Colorado 80634 RE: SCHEDULE NUMBER R0047792 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: L19 STONEY BROOK, 1558 41ST AVE CT. The meeting is scheduled for Wednesday, February 28, 1996, at 9:00 a.m., at which time you may be heard. You are required to submit any supporting documentation regarding this petition to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at said meeting. The Assessor is recommending that the Board deny your petition. The meeting will be held in the First Floor Meeting Room, Weld County Centennial Center, 915 10th Street, Greeley, Colorado, at the above specified time. If you have any questions concerning this matter, please do not hesitate to contact this office. Sincerely, Ma,147 Donald D. Warden Clerk to the Board By: 2 /ii/Zd Deputy Clerk to the Boar cc: Assessor- W. Lasell County Attorney r Fr" 7 ! riI q: 13 February 20, 1996 CLERK TO TIE ... T1 Weld County P.O. Box 758 Greeley, CO 80632 Attn: Clerk to the Board Mr. Donald D. Warden Re: Schedule Number R0047792 Dear Mr. Warden, As required by your letter of February 13th, I hereby submit the attached documentation in support of my request for abatement of taxes. I am asking that the assessed value be set at $202,000 as determined by the attached appraisal report. Portions of this appraisal report have been submitted previously but I felt it best to re-submit the relevant parts of the report again to avoid any confusion. I continue to maintain my position that the assessors office value of$208,855 is higher than justified by the professional appraisal performed within two months time of the assessment. If the assessors office uses comparable costs for their determination of the value, then the comparable costs in this appraisal should prove that the $202,000 is a valid figure. I will attend the hearing on Wednesday, February 28th and ask that you forward this information to the members of the Board who will be hearing this petition. Thank you for your consideration and assistance in this matter. Sincerely Randy R. Niece ems : A3 Carol S. Hayden, SRA PROPERTY LOCATED AT: 1558 41 Av Ct Greeley, CO 80634 FOR: Colorado Bankers Mortgage 2300 15 St. Ste 300, Denver, CO 80202 AS OF: August 25, 1994 BY: Carol S. Hayden, SRA J This form was reproduced by United Systems Software Company (8001 968-872] Carol S. rlayden, SRA BM 232-94 Property Description UNIFORM RESIDENTIAL APPRAISAL REPORT File No. SB2-1558 Property Address 1558 Al Av Ct city Greeley State CO Zip Code 80634 - Legal Description Lot 19. Stoney Brook. City of Greeley County weld Assessor's Parcel No. 095911421019 Tax Year 1993 R.E.Taxes 6 1937 on17'v Special Assessments l SUjr w Borrower NIECE,RandVR/BonnieL Current Owner NIEC„R4]'IdyR/Bgnn'eL Occupant I XI Owner L_I Tenant I I Vacant ▪ Property rights appraised X I Fee Simple I I Leasehold 1 Project Type I I PUD I sCondominium(HUDNA only) HOA S15 /Mo. to Neighborhood or Project Name CW/Stoneybrook Map Reference MSA 3060 Census Tract CT 14.03 Sales Price sn/a Date of Sale 8/94 insp Description and S amount of loan charges/concessions to he paid by seller n/a - Lender/Caent . .• a , - e a ..qe Address 2300 15 St. Ste 300. Denver. CO 80202 Appraiser carol S, Hayden. SRA Address 915 13 St. Greeley. CO 80631 Location n Urban n Suburban In-1 Rural Predominant Single family housing Present land use % Land use change Built up © Over 75% 25-75% I I Under 25% occupancy PRICE AGE One family (-�Not likely Likely PRICE AGElyrs) 75 I I Growth rate © Rapid Stable Slow X Owner 80 85 Low T 2-4 family 10 ❑In process . Property values 13 Increasing Stable Declining Tenant 400 High 25 Multi-family To: Demand/supply ©Shortage In balance Over supply X Vacant 10-5%) I Predominant I :! Commercial 10 Marketing time n Under 3 moe. 3-6 mos. Over 6 mos. vacant lover 6%1 150 15 (Vacant) 5 Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: W of 35 Av: S of 10 St; E of city limits; N of 20 St to . • ,• . • 47 Av: S to Bypass: E to 35 Av.Desirable west area: new subdivisions. x Factors that affect the marketability of the properties in the neighborhood (proximity to employmentand amenities, employment stability, appeal to market. etc.): ✓ See Attached Addenda. w . Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply. and marketing time - - such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): As the Greeley/Weld County area continues into 1994. the market continues its upturn. Financing is available in the form of conventional, government and bond loans. No undue seller concessions. Rates vary from 8% to 9% for fixed rates. Project Information for PUN (If applicable)--Is the developer/builder in control of the Home Owners'Association (HOA17 n Yes n No • Approximate total number of units in the subject project 40 Approximate total number of units for sale in the subject project 1 Describe common elements and recreational facilities: Greenbelt. pedestrian easement Dimensions 30' est. x 129' x 137' X 100' Topography Gently sloping Site area 9051sf Corner Lot nYes I—INo Size Typical Specific zoning classification and description R-1: Single Family Shape Wedge shaped Zoning compliance El Legal n Legal nonconforming (Grandfathered use) I I Illegal n No zoning Drainage Appears adequate Highest&best use as improved n Present use n Other use{explain) View Typical resi Utilities Public Other Off-site Improvements Type Public Private Landscaping Professional r Electricity MX Street Asphalt 0 ❑ ' p Driveway Surface Concrete Gas X Curb/Gutter Concrete ❑X ❑ Drainage Util Water Apparent Easements X Sidewalk Concrete ❑X ❑ FEMA Special Flood Hazard Area n Yes n No Sanitary Sewer X I Street Lights Steel pole F❑X`l FEMA Zone C Map Date 7/16/79 Storm Sewer I Surface Alley None I—I FEMA Map No. Greeley: 080184 Comments (apparent adverse easements,encroachments,special assessments, slide areas,illegal or legal nonconforming zoning use,etc.): See Attached Addenda. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION . No.of Units 1 Foundation Prd snort Slab n/a Area Sq. Ft. 1.450 Roof ❑ - No.of Stories 2 Exterior Walls Sdng Br Crawl Space n/a % Finished 35% Ceiling Code X❑ - Type(Det./Aft.) Det Roof Surface UpgrCOmp Basement Prd cncrt Ceiling Drywall Walls Code ❑X Design(Style) 2—st Gutters &Dwnspts. Alum Sump Pump None Walls Drywall Floor • Existing/Proposed Existg Window Type Andersen Dampness n/a Floor Carpet None ❑ Age(Yrs.) 2 Storm/Screens Screens Settlement n/a Outside Entry None Unknown ❑ Effective Age(Yrs.) — Manufactured House • Infestation a JS s(i 1 ay,rh•t, ROOMS Foyer Living Dining Kitchen Den Family Rm. Rec. Rm. Bedrooms #Baths Laundry Other Area Sq. Ft, • • Basement 1 1.450 Level 1 1 1 1 1 1 1.5 1 Nook 1,450 LL . Level z 3 1 818 • I 1 I I I I I • Finished area above grade contains: 7 Rooms; 4 Bedroom(s); 2.5 saws): 2,267 Square Feet of Gross Living Area I INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: ' Floors Crpt.oak/G Type FA/EBB* Refrigerator El None I Fireplace(s)# 1 Q None n Walls DW/WP/G Fuel N gas Range/Oven X Stairs Patio n Garage #of cars Trim/Finish Oak,Pntd/G Condition Good Disposal �I Drop Stair I Deck 2 covd I] Attached - 2 Bath Floor Cpt,vinyl/G COOLING Dishwasher n Scuttle X Porch n Detached z Bath Wainscot Cera,Fibera/G Central None Fan/Hood n Floor ❑ Fence$prk n Built-In • Doors Colonist/G Other None Microwave n Heated n Pool n Carport Conditions/a Washer/Dryer In Finished n Appl X Driveway Concrte Additional features (special energy efficient items,etc.): See Attached Addenda. m Condition of the improvements,depreciation(physical, functional, and external), repairs needed.-quality of construction, remodeling/additions,etc.:Physical depreciation only--age/life method. *Electric baseboard supplements forced air heat in basement FR. • -Adverse environmental conditions(suchas,but not Nmited to, hazardous wastes,toxic substances,etc.)present in the improvements,on the site, or in the immediate vicinity of the subject property: There are no known or apparent adverse environmental conditions that would negatively impact on the value of the property. Freddie Mac Form 70 a-93 This form was reproduced by United Systems Software Company (8001 969-8727-Page 1 Fannie Mee Form 1004 6.93 Carol S. Hayden, SRA BM 232-94 Valuation Section UNIFORM RESIDENTIAL APPRAISAL REPORT File No. SB2-1558 ESTIMATED SITE VALUE =$ 35.000 Comments on Cost Approach (such as, source of cost estimate, ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: site value, square foot calculation and, for HUD.VA and FmHA, the Dwelling 2,267 Sq. Ft. @$ 54.99 =$ 124.662 estimated remaining economic life of the property): Source is u 1,450 Sq. Ft.@$ 10 = 14.500 Marshall & Swift Residential Cost 0 Brick. FP, apps . de�e"ks.fnBsm = 18.000 Handbook with latest updates. as Garage/Carport 549 Sq. Ft. @$ 21.91 = 12.029 r Total Estimated Cost-New =$ 169.191 x104% Good/Very Good Dual. p. G-18/p. VG-16 o Less Physical Functional External 175,959 (M/S) $50..15 + $3.84 = $54.99 O Depreciation 7.038 =$ 7.038 Depreciated Value of Improvements =s 168.921 Basement costs per local contractors. "As-is"Value of Site Improvements =$ 6.500 INDICATED VALUE BY COST APPROACH Rounded =$ 210.4C9 ITEM j SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 1558 41 Av Ct 1543 40 Av Ct 4212 W 14 St Ln 5623 W 25 St Address -- - k8 __ - 18 -- - -- - IMP Proximity to Subject 1 blk E 2 blks NW 2 mi SW Sales Price $ n/a is 165.000 Is 219.000 Is 185.000 Price/Gross Liv.Area $ .00.E $ 84.53 01 $ 84.37 01 $ 94.0501 Data and/or Plans,specs MLS, Wheeler Realty MLS, Austin, Insp MIS, SEars The Team Verification Sources e • • • e• y• 'to _ e • S '_eC 4•- • 41 .. VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +H Adjustment DESCRIPTION +1-)Adjustment DESCRIPTION +H-Adjustment ' Sales or Financing Cony $130K Conv $172K Cony $90K Concessions 6%NoS1rPt 7.5%NoslrPt 7%NoS1Pt Date ofSale/Time 5/94-5/94 3.000 3/94-4124 4,000 12/93-2/94 6.000 Location CW/Stoneyb CW/Stoneyb CWICC Est no Adj. HighlndPkW no Ad' Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site 9051sf 8563sf 11639sf 20000sf/ n! -2.500 View 1119 -_ .lin. ka•' - Y/• '_ Design and Appeal 2-st 2-st 2-st 2-st Quality of Construction Fr,Br/G-VG Fr.Br/G 12.500 Fr,Br/VG -12.500 Fr,Br/G-VG Age 2 yrs 2 0 4 500 6 1.000 to Condition ee• .•• ey • ' • y 500 co Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths a z Room Count t t ��� • fl 8 3 2.5 a o Gross Living Area 2,267 Sq.Ft. 1.952 Sq. Ft. 8.000 2,602 Sq. Ft. -8,500 1,967 Sq. Ft. 7.500 • to Basement &Finished 1,450 1,086 2,500 544sf 6,500 1024sf 3,000 n Rooms Below Grade FR Unfin 2,500 Unf in 2.500 BR.be 1.500 6 Functional Utility Mjn/MBR Inf NBR.ba 3,500 Main/FR/Eq Main/FR/F,g 8 Heating/Cooling FA/EBB*/IjQp GFA/none GFA/CAC -1.500 GFA/none Energy Efficient Items Good Good Good Good cc uu3 Garage/Carport 2-car gar 2-car att 3-car att -3.500 3-car att -3.500 Porch, Patio,Deck, CovdDecks Patio only 2,000 Deck no Adj Deck Fireplace(s),etc. Gas log Fireplace Gas log 2-Wood no Adj Fence,Pool,etc. Sprk.Fence Sark,Fence Sprk 500 Lands.Sprk 4aa - v ..- t •. . II - ' •• . e -s i•• 'a -_ Net.Adj.(total) X + - $ 34.000 + X - $ -12.000 X + — s 15.500 Adjusted Sales Price of Comparable l $ .. ese $ I see -. $ ee II Comments on Sales Comparison(including the subject property's compatibility to the neighborhood, etc.): See Attached Addenda. ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 Date,Price and Data n/a n/a n/a n/a Source for prior sales n/a n/a n/a within year of appraisal MIS Assessor MLS Analysis of any current agreement of sale,option,or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: . Subj has not been listed for sale in the past year: nor is there currently a contract. INDICATED VALUE BY SALES COMPARISON APPROACH S 202,000 INDICATED VALUE BY INCOME APPROACH Ill Applicable)Estimated Market Rent $__ I • /Mo.x Gross Rant Multiplier I - =$ e - The appraisal is made n"as is"nsubject to the repairs, alterations, inspections, or conditions listed belown subject to completion per plans and specifications. Conditions of Appraisal:No conditions except those cited in Limiting Conditions and Certification. Final Reconciliation: Sales comparison given most consideration as it most accurately reflects market value: income approach not considered as this is a SFD in o residential. owner occupied neighbrhd: cost approach supports market value. q 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, Ti contingent and limiting conditions,and market value defiStion that are stated in the attached Freddie Mac Form 439/Fannie Mae Form 1004B(Revised I. z I(WE)ESTIMATE THE MARKET VALUE,AS DEFINED,OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF August 25, 1994 O0 (WHICH ISTHE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT)TO BE$ 202.000 Certified Residential Appraiser APPRAISER: I/- SUPERVISORY APPRAISER (ONLY IF REQUIRED): Signature ( L&...&4— da II—JI( A Signature Di dct '�I—'71 Did Property Not Name Carol S. Hayde , SRA _ Name 303-352-5252 In Date Report Signed August ?i,5. 1994 Date Report Signed August 25, 1994 State Certification# CR0131363 8 State CO State Certification# State Or State License# State Or State License # State Freddie Mac Form 70 6-03 This form wee reproduced by United Systems Software Company 930011369-8727-Page 2 Fannie Mee Form 1000 6.93 Borrower/Client NIECE,RandyRlBonnieL Address 1558 41 Av Ct city Greeley County Weld State CO zip Code 80634 Lender/Client Colorado Bankers Mortgage COMMENTS ON FACTORS THAT AFFECT MARKETABILITY OF PROPERTIES This nhbrd encompasses Bittersweet Park, the Greeley Country Club including golf course, Aims Community College, & several custom home subdivisions including Stoneybrook, Subj 's immediate subdivision, which is a newly developed subd in the middle of developed areas. It consists of 40 sites, all of which are sold, under contract or being built on. It is all single family homes, with a 40' greenbelt on the south edge of utilities, drainage and pedestrian easement. The estimated predominant value is in the $175, 000 to $275, 000 range. There is a Homeowner's Association for maintenance of the greenbelt; it has been turned over to the homeowners and the fees are about $15/month to build up reserves. In addition, work has been completed on the extension of 16 St, which borders Stoneybrook; it was a city project to provide another through street to the western residential areas and Aims College. It has proved very popular so far. COMMENTS ON SITE Very well landscaped site with drainage ditch to to W; typical for area. Quiet cul de sac. Brick paver walks, rock garden, wood fence, sprinkler system. Backs to 16 St; not considered adverse due to fence, pedestrian easement. 2 rear covered decks. Exterior lights. Vacant ground across 16 St to S is zoned PUD. No adverse factors. COMMENTS ON ADDITIONAL FEATURES Very well maintained & updgraded 2-story. Sidelights at front door, covered front porch. Vaulted foyer, LR, DR. Skylight. LR with built-in shelving. Fireplace is gas. Main floor master bedroom with double doors to bath, jetted tub, separate shower, double lays, walk-in closet. Kitchen with glass front cabinetry, cooktop, nook with box window, sliding doors to deck. Custom window coverings, ceiling fans. Laundry with tub. Open oak staircase to upstairs. Built-ins in closets. Central vacuum system. Piped for gas grill. Antenna in attic. COMMENTS ON SALES COMPARISON Comp 1 is the only meaningful resale in Stoney Brook, as this is a new subd. & there have not been sufficient resales for similar comps. It is considered inferior to Subj as it is smaller, & inferior quality; it sold rapidly on the mkt.Originally listed at $174,900, the seller took a quick offer. Comp 2 is in the same nhbrd; it is larger. & had some quality upgrades (kitchen equip. , interior complexity, etc) that Subj does not have. Comp 3 is a 6-year home in a similar new nhbrd; there were no meaningful comps in Subj 's neighborhood, and this home supported Subj 's market value in a competing neighborhood. There is currently a listing in Stoney Brook-- new construction by the same builder as Subject. It has similar SFage, no basement finish. It does have central air, and miscellaneous upgrades, and is listed at $223 , 300. It would be similar quality to Subject. If it sells at this price, seller's market value would be enhanced. Time adjustments are derived from matched pair analysis. 4 This form was reproduced by United Systems Software Company 18001 969.8727 SUBJECT PHOTOGRAPH ADDENDUM Borrower/Client NIECE,RandyR/BonnieL Address 1558 41 Av Ct City Greeley County Weld State CO Zip Code 80634 Lender/Client Colorado Bankers Mortgage ' •...+y�a,,ittt FRONT OF SUBJECT PROPERTY rek • REAR OF ti SUBJECT PROPERTY nnuw • Milli I 14164"a4. ,tug- yt .11 STREET SCENE o4 to- • This form was repmauced by United Systems Software Company WOO)888-8121 SUBJECT PHOTOGRAPH ADDENDUM Borrower/Client NIECE,RandyR/BonnieL . Address 1558 41 Av Ct City Greeley County Weld State CO Zip Code 80634 • Lender/Client Colorado Bankers Mortgage il't e q,4 < 6e y'' 1.' b .;44 4:" _.. Street .5ce.-vc .4" .,,,o, r T. NJ r,...w air: " .. • 111111 , ,,,a? :I' , —. Fi---mea i'�".lT�.�, _-.A ... "0.6.:... ast -.. _,.. t.a st -- - .. This form was u.p.:euced by United Syelen-Software Company WOO)969-8727 COMPARABLE SALES PHOTO ADDENDUM Borrower/Client NIECE,RandyR/BonnieL Address 1558 41 Av Ct City Greeley County Weld State CO Zip Code 80634 Lander/Client Colorado Bankers Mortgage ' COMPARABLE SALE #1 "I f 1543 40 Av Ct I Greeley, CO -1 • , Sale Date: 5/94-5/94 Sale Price: $165,000 1 ,1 :31_I I -1 y,. 1 -.. t,,,.. _ COMPARABLE SALE #2 4212W 14 St Ln Greeley, CO , --" Sale Date: 3/94-4/94 Sale Price: $219,000 «X \,•il _Li_ COMPARABLE SALE #3 5623 W 25 St • Greeley, CO Sale Date: 12/93-2/94 Sale Price: $185,000 L. , moi.„„„........_! „n, �I This form..was ref. ...h..-ed by United Systems Software Company (6001269-8727 • SKETCH/AREA TABLE ADDENDUM File No: BM 232-94 s Borrower/Client u NEICE, Randy R/Bonnie L B Property Address J ' 1558 41 Av Ct E City County State Zip Code c Greeley Weld CO 80634 T Lender Colorado Bankers Mortgage 24.3' o 12.6' Q Bedroom b 0 7 25.3' co ". Tc l 11.5' 27.1' B.2' M I Nook �� Deck I 5. 1 o R 16.9' I Cod 20.6' Dv'eck Master Q'; I Kitchen 5.5' Bedroom Bedroom V I 19.5' E 18.4' M E Dining AO W D 27.1' P N; Room 5' T 16.9' 6.2' S'. r Living 2 Car 24.7' entry Garage (Unfin) K.. Room 11.5' 19.5' E' `. T C __ — H 17' 7.4' 22.4' /4.2' 19.4' 31.3' Family Room 14.7' 7.4' 6' 17' SCALE: 1 inch = 17 feet AREA CALCULATIONS SUMMARY LIVING AREA CALCULATIONS A Area Name of Area Size Totals Breakdown Subtotals R GLA1 First Floor 1449.63 27.10 X 24.50 663.95 E.. Second Floor 817.51 2267.14 8.20 X 19.50 159.90 A BSMT Basement 1449.63 1449.63 11.50 X 31.30 359.95 G, P0R Covered Deck 41.00 12.90 X 17.70 228.33 A: Covered Deck 194.35 5.50 X 6.00 33.00 I. Front Stoop 44.40 279.75 1.50 X 3.00 4.50 c GAR Garage 548.78 548.78 24.30 X 18.30 444.69 U 7.00 X 20.80 145.60 L 5.50 X 7.00 38.50 A 11.40 X 15.10 172.14 T , 2.70 x 5.40 14.58 I 1.00 X 2.00 2.00 0 N S'; TOTAL LIVABLE (rounded) 2267 2267 APEX SOFTWARE,INC. 1(210)6996666 APEX II Form 2730 LOCATION MAP Borrower/Client NIECE,RandyR/BonnieL Address 1558 41 Av Ct City Greeley County Weld State CO Zip Code 80634 Lender/Client Colorado Bankers Mortgage 1 o'°{'�≥i i_ .ECST: ,7/1-li nt >`'T� a rl_. , .__vr: iLIt:I£' er1;;lusty:<i,7 ''r �isr. sM 216 P e 152nD` Sr_ e b k C ee ti. ST`Jttn sr LI I31 L_it- .--f � y • g— 7 `. 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I � `_. ��� .00-� n s "' rw � 4 "Golf Coin i I'f"e l `€ Jill .�pi _,;'"• ;,,e: .- 24.-2,1";.`—x u / 7._ {� 1 -li1 �j{ fiRD(f I r l e1- /`/ rMeeler ie l� 1Y 4`�! y, �. rY F - 5 kr(]/. .IJ� Greeley West °t OOT TM: y Sl Sl 5 - ]r0 y� TM: L • rw .sue c!, P� .� M c' I I ?�,r1 A 6g / / �s24th =ST al (j J_�s< i Comp 3 r •i � /� r IAn si B° 11,I� aarr . :F " it �/, n- to g5 �Zzf�_sr. `gi f a e. P AbS7erl.A hM Y}, a �. ..e • r tSunset : 34 uye ,;,,,+,44,,qr� �,t4e,s'�., Mem. : �am------ .../,::,11SEIksGC"1.4'r ++, Cemetery / as- r e ie i S' e• This form was reproduced by United Systems Software Company 01001 069.0]27 BM 232-94 Carol S. Hayden, SRA File No. SB2-1558 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 interior 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 true 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 of 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 property, 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. 8. 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 them. 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. Molly J. Anderson, Colorado Registered Appraiser No. AR1323266, contributed to this appraisal report. As of the date of this report, I, Carol S. Hayden, have completed the requirements under the continuing educating program of the Appraisal Institute. REFERENCED TO LOAN #11-6075 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: 1558 41 Av Ct, Greeley. CO 80634 APPRAISER: SUPERVISORY APPRAISER(only if required): Signature: t-- 11 t d F,t �vLJ Signature: Name: Carol S. Hayden.d� Name: 303-352-5252 Date Signed: A gust 25. 1994 Date Signed: A gust 25. 1994 • State Certification #: CR01313618 State Certification #: or State License #: or State License #: State: co State: Expiration Date of Certification or License: 32/31/94 Expiration Date of Certification or License: ❑ Did ❑ Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93 This form we reproducee by United Systems Software Company 18001969-8727 Hello