HomeMy WebLinkAbout991908.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 1999, WELD COUNTY, COLORADO - DENY
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
PETITION OF:
AGLAND INC
F' O BOX 338
EATON, CO 80615
DESCRIPTION OF PROPERTY: ACCOUNT#: R0247293 PARCEL#: 070931300015 -
ETN 14076-B PT SW4 31 7 65 (SUGAR MILL ANNEX) BEG SW COR SEC S88D34'E
2112.02' N16D26'W 643.21' TO TRUE POB N16D26'W 1500' S53O10'E 24.67' S53D10'E
498.85' S49D38'E 40.79' NOD08'W 294.67' TO S LN 4TH ST EAST SIDE ADD N89D58'E 45'
TO NW COR BLK1 EAST SIDE ADD SOD08'E 333' S49D38'E 142.04' S30D10'E 87' S16D26E
373.43' S73D33'W 284.01' S16D35'E 420' S73033'W 183.37' TO BEG
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 1999, 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 1999, 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 $ 401,449
Improvements OR
Personal Property 212,802
TOTAL ACTUAL VALUE $ 614.251
991908
AS0043
RE: BOE -AGLAND INC
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 Disl:rict 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.
991908
AS0043
RE: BOE -AGLAND INC
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 OBOE. 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 2nd day of August, A.D., 1999.
BOARD OF COUNTY COMMISSIONERS
./% !. : :air
AT /, !r.0/ l L
We Cpunty Clerk t Board
(t 4 EXCUSED
Barba J. Kirkmeyer, Pro-Tem
Deputy o the Board ___ f � —
'Georg1 E. xter
APPROVED AS TC) FORM: ��
(/ Nl.J.` eile 4`0
A stant my Attorney e////
r c: �CzG
Glenn Vaad
991908
AS0043
i
NOTICE OF DENIAL OFFICE':OF COUNTY ASSESSOR
1400 NORTH 17th AVE.
igt
� ETU 14076-B PT SW4 31 7 65 (SUGAR GREELEY, 631
MILL ANNEX) BEG SW COR SEC
seeD34-E zu2.o2 N16O26'W PHONE(970)353-3845,EXT.XT.3650
643. 21' TO TRUE B 498.35' 549D38'E0.
16O26'W
1500' S53D1CUE 24.67'9' N0O08'W
COLORADO OwNEL: AGLAND INC
AGLAND INC LOG 2591
P O BOX 338 PARCEL 070931300015
ACCOUNT R0247293
EATON, CO 80615 YEAR 1999
Tax Rep: MEKELBURG ROBERT
06/10/1999
The appraised 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):
COMMERCIAL PROPERTY IS VALUED BY CONSIDERING THE COST, MARKET, AND INCOME
APPROACHES.
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 determination of value are:
NO CHANGE HAS BEEN MADE TO THE VALUATION OF THIS PROPERTY. COLORADO LAW REQUIRES
US TO SEND THIS NOTICE OF DENIAL FOR ALL PROPERTIES ON WHICH WE DO NOT ADJUST THE
VALUE.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
LAND 401449 401449
IMPS 212802 212802
TOTALS $ $ 614251 $ 614251
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-
106(1)(a),C.R.S. Please see the back of this form for detailed information on filing your appeal.
06/10/1999
By: Stanley F. Sessions
WELD COUNTY ASSESSOR DATE
l5-DPT-AR
Form PR-207-87/99 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 20 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 EOI ALIZATION'S DETERMINATION:
The County Board of Equalization must make a decision on your appeal and mail you a determination within five
business days of that decision. 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 10.
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, C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR
AMOUNT. Attach additional documents as necessary.
We petition the board to reconsider the Assessor' s valuation of this proper-4 Account#R0247293.
The vacant ground which makes up the greater majority of the value is 10 acres of unimproved,
undeveloped ground. The current valuation is pricing that acreage at 92 cents a square foot.
We have contacted a local Realtor who has given us sales in the area averaging 40 cents a square
foot, we include copies of these with this petition.
26 ,s.fro 9-- is-79
SIUNA IUKEUF 1'E I I I IONEK UAlE -
7-15-1999 9:28AM FROM PAYANT 9704543112 P. 1
Fax Cover Sheet
Date: II/l5/67 g
Attention:_( intiu
Company: }-lia4c
Fax Number: a / Lie(
Message: C$TM t-t AO-a ja-n A 6-per_tediel V
'r
a, per -o- frek\--bei-
Layne Payant
RE/MAX Optimum Group, LLC.
jay ? 5586 W. 19th Street
+� Greeley, CO 80634
it Cale 970-330-5000
FAX 970-330-5100
7-15-1999 9:29AM FROM PAYANT 9704543112 P. 2
Greeley Area REALTOR Association
SEARCH MATCHES
Run Wed, Jul 14, 1999 at 15: 52
LND 161905 10 2 333 N 46 AV CT LP: $35, 003
SOL, Lg: LOT 5 ELK 10 SP: $167, 240
Subdiv : EAGLEVIEW Zoning: R1 CD: 07/02/1998
AppxAcr: Lot Size: X WtrRts: Loc: GREELEY
E: MCAULIF HEATH M: FRANKLIN H: GREELEY CE Cat: <1 ACRE
LND 142267 10 3 23 AV LP: 660, 000
SOL Lg: NONE SP: $58, 000
Subdiv : SPITLERS ANNEX SOUTH Zoning: Ai CD: 07/22/1997
AppxAcr: 4 . 50 Lot Size : WtrRts: Loc: GREELEY
E: MADISON M: FRANKLIN H: CENTRAL Cat : 1-5ACRE
LND 146662 10 10 18 ST & 56 AV LP: $265, 000
SOL Lg: LOTS 1,2 & 3 BLOCK 1 SP: $260, 000
Subdiv : HIGHLAND PARK Zoning: ca CD: 04/01/1998
AppxAcr: 3. 60 Lot Size: WtrRts: Loc: GREELEY
E: MONFORT FRANKLI Mt CALL L-OFF H: GREELEY CE Cat: 1-SACRE
fa L LND 160242 10 11 77 AV & 12 ST LP: $107, 000
SOL Lg: PART OF E2 SECT 8, T 5N,R66 SI?: $107, 000
4 41 Subdiv : GREELEY Zoning: AGRI CD: 08/06/1998
AppxAcr: 14 . 00 Lot Size: 1188X530 WtrRts— Loc: GREELEY
E: MCAULIF M: MAPLEWOOD H: CENTRAL Cat: 10-20AC
LND 167210 10 12 71 AV & 28 ST LP: $189, 900
SOL Lg: SW1/4 SEC 26 T5N 66W SI?: $179, 000
Subdiv : PETERSON ALEXANDER Zoning: AGR CD: 03/06/1998
AppxAcr: 19. 62 Lot Size: WtrRts : Loc: GREELEY
- - " " E: MONFORT HEATH M: FRANKLIN H: CENTRAL Cat: 10-20AC
LND 193655 10 17 700 E 24 ST LP: $150, 000
SOL Lg: LOT B RECORDED EXEMPTION CALL LIST SP: $135, 000
Subdiv : WELD Zoning: AG CD: 01/15/1999
AppxAcr: 14 . 10 Lot Size: WtrRts: Loc: GREELEY
E: EAST ME M: CHAPPELOW H: CENTRAL Cat: 10-20 AC
LND 147115 10 23 4872 W F ST LP: $85, 000
L
i F SOL Lg: LOT B RE 1758 1/4 S34T6NR66W S ?: $79, 000
" I Subdiv : GREELEY Zoning: Amy CD: 04/16/1997
AppxAcr: 20. D0 Lot Size: WtrRts: Y Loc: GREELEY
E: EATON EATON M: EATON H: EATON Cat: 20-35AC
Prepared by: Layne Pavant on July 14. 1999
?-15-1999 9:29414 FROM PAYANT 9704543112 P- 3
Page : 2
., LND 137796 10 24 TBD WCR 41 LP: $52, 500
0644\ SOL Lg: LENGTHY - CALL LISTOR SF': $52, 500
1 Subdiv : WELD COUNTY Zoning: AGR CD: 10/02/1996
,tt AppxAcr: 5. 00 Lot Size: 5. 00 ACR WtrRts: Loc: EATON
E: EATON M: EATON H: EATON Cat : 1-5ACRE
, win 140871 10 24 37416 WCR 45 LP: $225, 000
00 (0'- SOL Lg: 14051-F PT SW4 26 7 65 BEG SW COR N SF: $205, 000
app Subdiv : WELD COUNTY Zoning: AG CD: 09/27/1996
p AppxAcr: 10. 00 Lot Size: WtrRts: Y Loc: EATON
E: GALETON M: EATON H: EATON Cat : 10-20AC
I . I... "Specializing in New Construction
as well as North East Colorado"
Layne Payant, CRS, CSP
RE/MAX Optimum Group, L.L.C.
4290 W. 10th Street, Suite 107, Greeley
Office # 970-346-8464 Home # 970-454-2940
Information herein deemed reliable but not guaranteed. --------
Copyright: 1999 by Information and Real Estate Services ----
Prepared by: Lame Pavane on Jule 14-f999
Stanley F. Sessions
WELD COUNTY ASSESSOR
CHRISTOPHER WOODRUFF, DEPUTY ASSESSOR
APPRAISAL REPORT
OF
COMMERCIAL PROPERTY
FOR
County Board of Equalization
AGLAND INC
PETITIONER
VS.
WELD COUNTY ASSESSOR'S OFFICE
RESPONDENT
Parcel Number: 0709-31-3-00-015
Schedule Number: R0247293
Log Number: 2591
Date: AUGUST 2, 1999
Time: 1 :30 P M
Board: CBOE
PREPARED BY
DAVID SCHILDMEIER
A ,t2 !(M r.. ) ¢y1 AA/3 6 v✓c c 11 t`3 I I
Signature
Signature Date
ASSESSOR'S OFFICE STAFF APPRAISER
CBOE_COMM_J 10998
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SUMMARY OF SALIENT FACTS AND CONCLUSIONS
Purpose of the Appraisal : Estimate market value June 30 , 1998
Property Rights Appraised : Unencumbered fee simple interests .
Property Address : 99 Factory Rd, Eaton, Colorado
Improvement : WAREHOUSE STORAGE
Land size : 446 , 054 square feet
Zoning : I-3 INDUSTRIAL
Assessor ' s Value : 1999
Land Value : 401 , 449
Imps Value : 162 , 802
Total Value : 614, 251
Highest and Best Use : Present use as a SERVICE GARAGE
Size of Improvements : BLDG 1 YOC 1970 16 , 900 square feet
BLDG 2 YOC 1997 15 , 000 square feet
Total Bldg sf 31 , 900 square feet
Effective Age : 8 years
Remaining Economic Life : 22 years
Estimated Land Value : $401, 449
Estimate of Value :
Cost Approach
Land Value : 401 , 449
Improvement Value : 162 , 802
Total Value : 614 , 251
Sales Comparison Approach: $614 , 400
Income Approach: N/A
Final Estimate of Value : $614, 251
Date of Value : June 30 , 1998
1
LAND SALES SUMMARY SHEET
Sales
Sale Date of Contrib. Area Price/
No. Grantor/ Grantee Sale Sales In SF SF Land Zoning
Price
Adjusted
Subject Agland
99 Factory Rd -- 446, 054 Ind
Eaton, Cc
1 Crown Investments/
Deferred Exchange 06/98 $100, 000 130, 680 $0 . 77 Ind
7 Joe Martinez Ln
Ault, Co 1.08
2 Windsor Center/
Nor Colo Self Storage 01/98 $261,360 131, 116 $1. 99 Ind
32190 Hwy 257 C-G
Windsor, Co 1.00
3 Windsor Tech Center/
Skoglund, Lynn 05/97 $97, 500 102,270 $0.95 Ind
601 Automation Dr I-L
Windsor, Co
4 Phelps-Tointon/
Shepard, Larry 11/97 $459, 800 279, 655 $1.64 Ind
1112 40 St M-3
Evans, Co 1.15
5 Weld County/ Startek
1250 H St, 12/97 $126, 300 348, 349 $0 .75 Ind
Greeley, Co PUD
.98
6 Orr & Disberger/
Garnsey Herrick 07/97 $1, 100, 000 455, 165 $2 .42 Comm' l
2901 47 Av C-H
Greeley, Co 1.20
SUBJECT SITE
The subject site is a 446, 054 square foot irregular, level interior
lot located on the east side of Eaton on Factory Road one block east of
highway 85 .
The comparable land sales after adjustments for location range from
$0 . 90 PSF to $1 .20 PSF . The mean of the sales is $1 . 06 PSF . The Median is
$1 . 04
As a result of the land sales study, a value of $0 . 90 per square foot
has been applied to the subject land area or $401, 449 .
2
WELD COUNTY ASSESSOR
PROPERTY PROFILE parcel #: 070931300015
Account#: R0247293
MH Seq#: MH Space:
Appr Year: 1999 Levy: 91.304 #of Bldgs: 2 Active On: 7/23/99
Tax Dist: 0230 Map#: 1233 LEA: EATNO1 InactiveOn:
Assign To: DWS Initials: DWS Acct Type: Commercial Last Updated: 7/23/99
Owner's Name and Address: Property Address:
AGLAND INC Street: 99 FACTORY RD
i P O BOX 338 I. City: EATON
!, EATON CO 80615
Business/Complex:
Sales Summary
li Sale Date Sale Price Deed Type Reception # Book Page Grantor
16/9/93 $135,000 02336607 1387 THOMAS RICHARD F
Legal Description
ETN 14076-B PT SW4 31 7 65(SUGARM ILL ANNEX)BEG SW COR SECS88D34'E 2112.02'N16D26'W643.21'TO TRUE POB NI 6D26'W 1500'S53D10'E
'24.67'S53D10'E498.85'S49D38'E 40.79'NOD08'W294.6T TO S LN 4TH ST EAST SIDEADD N89D58'E 45'TO NW COR BLK1 EAST SIDE ADD SOD08'E
I333'849038'E 142.04'S30D10'E 87'S16D26E 373.43'S73D33'W 284.01'516D35'E 420'S73D33'W 183.37'TOBEG
•
•
Land Valuation Summary
Atist Unit of Number Of Value Per Assort *Assessed
I Land Type Ag Code
Code Measure Units Unit Actual Value Percent Value
Commercial 2135 Square Feet 446054.4 $0.90 $401,449 29.00% $116,420
Land Subtotal: 446054.4 $401,448.96 $116,420.00
Buildings Valuation Summary
' Abst Actual Assmt *Assessed •
!I Bldg # Property Type Code Occupancy Value Percent Value
• 1 Out Building 2235 430 - Storage - Utility Grain $50,000 0.29 $14,500
2 Commercial 2235 406 - Storage Warehouse $162,802 0.29 $47,213
Improvements Subtotal: $212,802.00 $61,710.00 !
•
•
•
Total Property Value $614,251 $178,130
`Approximate Assessed Value
3
Monday, August 02, 1999 Page 1 of 3
WELD COUNTY ASSESSOR
Account#: R0247293 PROPERTY PROFILE Parcel #: 070931300015
MH Seq#: MH Space:
Building #: 1 Condo SF Condo % Land: Condo % Bldg: Landscaping Qual/$
Property Type: Out Building Average $0.00
Quality: Average Nbhd: 100 Occupancy: Storage - Utility Grain
Condition: Average Nbhd Ext:
Perimeter: 520 Nbhd Adj: 1
Individual Built As Detail
Built As: Storage - Utility Grain Year Built: 1970
Construction Type: Steel Frame Steel Panels Year Remodeled:
HVAC: None % Remodeled:
Interior Finish: Adj Year Blt:
Roof Cover: Effective Age: 26
Built As SF: 16900 Mh Make:
#of Baths: Tag Length/Width: X
#of Bdrms: Tag Length/Width: X
#of Stories: 1 Mh Skirting LF:
Story Height: 24 MH Skirting Type:
Sprinkler SF: Diameter:
Capacity: Height:
Building Details
Bldg #: 1
Add On
OVERHEAD BIN 2750BU 1 $500.00 $500.00 I
Value Details
RCN Cost/SF: $12.06 Design Adj %: 0 Func Obs %: 0
Total RCN: $204,314.00 Exterior Adj %: 0 Econ Obs °/0: 0
Phys Depr "/°: 0.2 Interior Adj %: 0 Other Obs %: 0
Phys Depr$: 40863 Amateur Adj %: 0 I
RCNLD $: $163,451.00 RCNLD Cost/SF $9.67 Market/SF: $0.00
4
Friday, July 23, 1999
WELD COUNTY ASSESSOR
Account#: R0247293 PROPERTY PROFILE Parcel #: 070931300015
MH Seq#: MH Space:
Building #: 2 Condo SF Condo % Land: Condo % Bldg: Landscaping Qual/$
Property Type: Commercial Average $0.00
Quality: Average Nbhd: 100 Occupancy: Storage Warehouse
Condition: Average Nbhd Ext:
Perimeter: 500 Nbhd Adj: 1
Individual Built As Detail
Built As: Storage Warehouse Year Built: 1997
Construction Type: S Year Remodeled:
HVAC: None % Remodeled:
Interior Finish Adj Year Blt: 1997 I
Roof Cover: Effective Age: 1
Built As SF: 15000 Mh Make:
#of Baths: Tag Length/Width: X
#of Bdrms: Tag Length/Width: X
#of Stories: 1 Mh Skirting LF:
Story Height: 18 MH Skirting Type:
Sprinkler SF: Diameter:
Capacity: Height:
Building Details
Bldg #: 2
Add On
OB Open Shelter Lean To Steel 1250 $2.38 $2,975.00
Corn Dock Levelers Mechanical 4 $2,500.00 $10,000.00
Com Dock Hi Floors 15000 $1.00 $15,000.00
Value Details
RCN Cost/SF: $20.35 Design Adj %: 0 Func Obs %: 0
Total RCN: $333,375.00 Exterior Adj %: 0 Econ Obs %: 0
Phys Depr%: 0.01 Interior Adj %: 0 Other Obs %: 0
Phys Depr$: 3334 Amateur Adj %: 0
RCNLD $: $330,041.00 RCNLD Cost/SF $22.00 Market/SF: $0.00
5
Friday, July 23, 1999
COMPARABLE SALE
597
ktglfigt
PIN#, 0923386 PARCEL #: 070 931201004
PRIMARY OCCUPANCY: STORAGE WHSE
OFFICE:
2ND OCCUPANCY:
ADDRESS: 105 7 ST EATON
PROJECT:
SALE DATE: 05/09/97 BOOK #: 1605
SALE PRICE: $147,500 RECEPTION #: 2547915
ADJ SALE PRICE:
GRANTOR: MOR-MAX INC
GRANTEE: STRAUSS JEFFERY
YEAR BLT: 1963 ZONING
EFFECTIVE AGE: 1973 LAND/BLDG RATIO: 2.24
BLDG SIZE: 9,014 IMPS PRICE/PSF: $10.76
CLASS: S SALE PRICE/PSF $16.36
CONSTRUCTION-QUAL: AVG CASH DOWN: $29,500
WALL HEIGHT: 12 LOAN: NEW
STORIES: 1 INTEREST RATE: 9.25%
BSMT SIZE: LOAN TERM (YRS): 15 YRS
LAND SIZE: 20,213 POINTS PAID:
LAND VALUE: 50,530
REMARKS: PREVIOUS USE BOWLING ALLEY. PURCHASED AS WHSE
FOR BLDG CONST CO. INTERIOR WAS POOR CONDITION
DUE TO SALVAGE COMPANY RIPPING OUT BOWLING
EQUIP. BUYER ADDED 2 OH DOORS 14 W X 10.5 H
08/02/99
PIN: 0247293 COMPARATIVE SALES APPROACH
NAME:AGLAND
COMP SALE NUMBER SUBJECT 1 2 3 4
PARCEL NO 70931300015 70931201004 96120310004 7071230201)7 96117102028
ADDRESS 99 FACTORY RD 105 7 ST 3309 EMPIRE ST 239 E 4 ST 2111 2 AV
EATON EATON EVANS AULT GREELEY
USE WHSE WHSE WHSE WHSE SER GAR
SALE DATE 05/09/97 02/04/94 12/29/95 12/19/94
SALE PRICE 147,500 405,000 96,000 250,000
ADJ. SALE PRICE 147,500 405,000 96,000 400,000
LAND VALUE 401,449 50,530 47,669 18,000 55,106
BLDG. VALUE 96,970 357,331 78,000 344,894
WALL TYPE METAL METAL METAL METAL MASONRY
WALL HEIGHT 24/18 12 16 16 16
SIZE SF 31,900 9,014 31,275 7,2"00 20,000
BLDG PRICE/SQ. FT. 10.76 11.43 10/4 17.24
YEAR BUILT 1970/97 1963 1984 1963 1967
EFFECTIVE YEAR
ADJUSTMENTS: _
BLDG.SIZE@12.00 274632 7500 295680 142800
NET ADJ TO ADJ SALE PRICE _ 274632 7500 295680 142800
ADD BLDG VALUE 96970 357331 78000 344894
NET ADJ TO SALE PRICE 371602 364831 373680 487694
ADD SUBJECT LAND 401449 401449 401449 401449
INDICATED VALUE 773051 _ 766280 _ 775129 889143
INDICATED VALUE PSF 24.23 24.02 24.30 27.87
INDICATED MARKET VALUE. 31900 X$19.26= 614,400
AGLD_2.WK4 6
COMPARABLE SALE
262
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P;:N: 3884186 PARCEL # : 96120310004
OCCUPANCY: WHSE/STOR
ADDRESS: 3309 EMPIRE STREET EVANS
0
PROJECT:
SALE DATE: 02/04/94 BOOK #: 1428
SALE PRICE: $405,000 RECEPTION #: 2375550
ADJ SALE PRICE:
GRANTOR: R W INDUSTRIES INC
GRANTEE: EMPIRE VENTURES LLC
YEAR BLT: 1984 LAND/BLDG RATIO: 6. 10
BLDG SIZE: 31 ,275 IMPS PRICE/PSF: $11 .43
CLASS: S SALE PRICE/PSF: $12 . 95
CONSTRUCTION-QUAL: AVG CASH DOWN: $45,000
WALL HEIGHT: 16 LOAN: NEW
STORIES: 1 INTEREST RATE: 8. 5%
BSMT SIZE: 0 LOAN TERM (YRS) : 15
LAND SIZE: 190,793 POINTS PAID: 0
LAND VALUE: 47 ,669
REMARKS: GRANTEE (FORMER TENANT) TOOK LEASE OPTION ON
PIN #3884186 FOR $375,000 AND ALSO PURCHASED
VACANT LAND, PIN #3884286, FOR $30,000. TOTAL
SALE PRICE $405 ,000.
COMPARABLE SALE
346
, 4
PIN: 0010490 PARCEL #: 70712302007
PRIMARY OCCUPANCY: WHSE STOR
OFFICE SPACE °A° : 26%
2nd OCCUPANCY:
ADDRESS:239 E. 4 STREET AULT
PROJECT:
SALE DATE: 12/29/95 BOOK #: 1525
SALE PRICE: $96,000 RECEPTION #: 2470053
ADJ SALE PRICE:
GRANTOR:MIKA AG CORP.
GRANTEE:HINZ,DALE E. & SHIRLEY
YEAR BL.T: 1963 LAND/BLDG RATIO: 4.96
EFFECTIVE AGE: 1980 IMPS PRICE/PSF $10.74
BLDG SIZE: 7,260 SALE PRICE/PSF: $13.22
CLASS: S CASH DOWN: $61,000
CONSTRUCTION-QUAL: AVG LOAN: NEW
WALL HEIGHT: 16 INTEREST RATE: 10.5%
STORIES: 1 LOAN TERM (YRS): 5
BSMT SI2:E: POINTS PAID:
LAND SIZE: 36,000
LAND VALUE: 18,000
REMARKS: BLDG IN AVG/GOOD CONDITION. FRONT 31' X 60 ' =
1,860 SF. (26%) OFFICE AREA W/SPACE HEAT. BLDG
LEASED $1,000/MO. GIM 1.65, NOI $9,390 1.29, OAR 9.78%.
COMPARABLE SALE
150
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PIN: 3464486 PARCEL # : 96117102028
OCCUPANCY: SER GAR
ADDRESS : 2111 2 AV GREELEY
PROJECT : 0
SALE DATE : 12/19/94 BOOK # : 1473
SALE PRICE : $250 , 000 RECEPTION # : 2420432
ADJ SALE PRICE : $400 , 000
GRANTOR : GLEN R SHUPE
GRANTEE : JOHN L SHUPE
YEAR BLT : 1967 LAND/BLDG RATIO : 3 . 67
BLDG SIZE : 20 , 000 IMPS PRICE/PSF : $17 . 24
CLASS : C SALE PRICE/PSF : $20 . 00
CONSTRUCTION-QUAL: AVG CASH DOWN:
WALL HEIGHT : 16 LOAN: 0
STORIES : 1 INTEREST RATE : 0 . 0%
BSMT SIZE : 0 LOAN TERM (YRS) : 0
LAND SIZE : 73 , 475 POINTS PAID : 0
LAND VALUE : 55 , 106
REMARKS : FAMILY SALE BETWEEN BROTHERS . JOHN (GRANTEE)
PURCHASED GLENN' S (GRANTOR) PARTIAL INTEREST
IN SUBJECT PROPERTY (APPROX 62 . 5°%) . GRANTEE
ALREADY OWNS THE OTHER PARTIAL INTEREST (APPROX
37 . 50) . NO APPRAISAL WAS DONE TO DETERMINE SUBJECIS
VALUE. GRANTEE'S OPINION OF VALUE WAS $400,000.
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