HomeMy WebLinkAbout20212009.tiffCOUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number: R7577999
STIPULATION (As To Tax Year 2021 Actual Value)
RE PETITION OF :
NAME: Denise Markham or Cory Markham
ADDRESS: 2217 San Miguel Dr.
Severance Co, 80550-2723
Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation
regarding the tax year 2021 valuation of the subject property, and jointly move the
Board of Equalization to enter its order based on this Stipulation.
Petitioner (s) and Assessor agree and stipulate as follows:
1. The property subject to this Stipulation is described as:
SEV CL L2 BLK5 CASA LOMA
2. The subject property is classified as residential.
3. The County Assessor originally assigned the following actual value to the
subject property for the tax year 2021 :
Total: $658,722
4. After further review and negotiation, Petitioner (s) and Weld County Assessor
agree to the following tax year 2021 actual value for the subject property:
Total: $580,000
5. The valuation, as established above, shall be binding only with respect to tax
year 2021 .
6. Brief narrative as to why the reduction was made:
Inspected property 7/16/2021, Homes condition is below typical,
Water damage throughout home, electrical issues, Shower leaking
from master to basement, All windows need replace etc. Reviewed
sales and adiusted accordinely.
7. Both parties agree that:
The hearing scheduled before the Board of Equalization on 07/27/2021
at 1:00 pm be vacated.
HA hearing has not yet been scheduled before the Board of Equalization.
R7577999
1
0o ( - 0'7091
ASO t09
DATED this 16 day of July , 2021 .
Cory marYbam
cory markham (Jul 19, 202108:53 CDT)
Petitioner(s) or Agent or Attorney
Address:
2217 SAN MIGUEL DR
sevweance co
Telephone: 19704204333
R7577999
(Assistant) County Attorney for
Respondent, Weld County Board of
Commissioners
Address:
1150 "O" Street
P.O. Box 758
Greeley, CO 80632
Telephone:(970) 336-7235
County Deputy Assessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 400-3650
2
R7577999 Markham
Final Audit Report
2021-07-19
Created: 2021-07-16
By: RYAN MILLER (rpmiller@co.weld.co.us)
Status: Signed
Transaction ID: CBJCHBCAABAAMm9csrnvC69mhEenEVcSPg05zZe-mpgE
"R7577999 Markham" History
.5 Document created by RYAN MILLER (rpmiller@co.weld.co.us)
2021-07-16 - 7:07:42 PM GMT- IP address: 204.133.39.9
C+ Document emailed to RYAN MILLER (rpmiller@co.weld.co.us) for approval
2021-07-16 - 7:07:44 PM GMT
6e Document approved by RYAN MILLER (rpmiller@co.weld.co.us)
Approval Date: 2021-07-16 - 7:13:31 PM GMT - Time Source: server- IP address: 204.133.39.9
E--. Document emailed to Jason Marini (jmarini@co.weld.co.us) for approval
2021-07-16 - 7:14:35 PM GMT
in Email viewed by Jason Marini (jmarini@co.weld.co.us)
2021-07-16 - 7:14:51 PM GMT- IP address: 204.133.39.9
C56 Document approved by Jason Marini (jmarini@co.weld.co.us)
Approval Date: 2021-07-16 - 7:18:42 PM GMT - Time Source: server- IP address: 204.133.39.9
�. Document emailed to Jason Marini (appeals@weldgov.com) for signature
2021-07-16 - 7:18:44 PM GMT
,5 Email viewed by Jason Marini (appeals@weldgov.com)
2021-07-16 - 7:18:57 PM GMT- IP address: 204.133.39.9
be Document e -signed by Jason Marini (appeals@weldgov.com)
Signature Date: 2021-07-16 - 7:19:22 PM GMT - Time Source: server- IP address: 204.133.39.9
P.D. Document emailed to cory markham (cdmrmarkham@yahoo.com) for signature
2021-07-16 - 7:19:24 PM GMT
t Email viewed by cory markham (cdmrmarkham@yahoo.com)
2021-07-19 - 1:49:52 PM GMT- IP address: 67.195.51.217
4OWCRLD BY
Adobe Sign
6p Document e -signed by cory markham (cdmrmarkham@yahoo.com)
Signature Date: 2021-07-19 - 1:53:03 PM GMT - Time Source: server- IP address: 65.155.222.119
Lam,. Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature
2021-07-19 - 1:53:05 PM GMT
t Email viewed by Karin McDougal (weld-cboe@weldgov.com)
2021-07-19 - 3:37:09 PM GMT- IP address: 204.133.39.9
6o Document e -signed by Karin McDougal (weld-cboe@weldgov.com)
Signature Date: 2021-07-19 - 3:37:28 PM GMT - Time Source: server- IP address: 204.133.39.9
® Agreement completed.
2021-07-19 - 3:37:28 PM GMT
+..4 =,�
KNJcocp 5Y
Adobe Sign
Ho-J1o1 1JCUv'C(ed
NOTICE OF DETERMINATION
RECEIVED
Brenda Dones
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
ACCOUNT NO.
R7577999
PROPERTY OWNER
JUL 1 3 2021
WELD COUNTY
COMMISSInNERS
TAX YEAR
2021
TAX AREA
0434
MARKHAM DENISE K
2217 SAN MIGUEL DR
SEVERANCE, CO 80550-2723
PROPERTY CLASSIFICATION
RESIDENTIAL
TOTAL:
Date of Notice: 6/30/2021
Telephone: (970) 400-3650
Fax: (970) 304-6433
Office Hours: 8:00AM — 5:00PM
LEGAL DESCRIPTION/ PHYSICAL LOCATION
SEV CL L2 BLK5 CASA LOMA
2217 SAN MIGUEL DR SEVERANCE
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW
658,722
658,722
ACTUAL VALUE AFTER
REVIEW
658,722
658,722
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based on
the following:
Your property has been uniformly valued following Colorado law. Your protest of value has been
denied due to comparison of other similar properties which sold during the Jan 2019 to June 2020
time period.
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.
The deadline for filing real property appeals is ,.lily 16.
The Assessor establishes property values. The local taxing authorities (county, school district, city,
fire protection, and other special districts) set mill levies. The mill levy requested by each taxing
authority is based on a projected budget and the property tax revenue required to adequately fund
the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall.
If you are concerned about mill levies, we recommend that you attend these budget hearings.
Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities.
Please refer to the reverse side of this notice for additional information.
Agent (If Applicable):
2021-2009
Psolosc\
15-DPT-AR
PR 207-08/13
R7577999
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from
July 26th through August 5th at 1150 O Street.
To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown
below, and mail, file online, or deliver a copy of both sides of this form to:
Weld County Board of Equalization
1150 O Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
Online: www.co.weld.co.us/appsl/cboe/
To preserve your appeal rights, your Petition to the County Board of Equalization must be
postmarked or delivered on or before July 15 for real property — after such date, your right to
appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we
recommend that all correspondence be mailed with proof of mailing.
You will be notified of the date and time scheduled for your hearing. The County Board of
Equalization must mail a written decision to you within five business days following the date of the
decision. The County Board of Equalization must conclude hearings and render decisions by August
5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and
you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by
September 10, § 39-2-125(1)(e), C.R.S.
If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your
appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of
the following:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, CO 80203
(303) 866-5880
www.dola.colorado.gov/baa
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization.
If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document
falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed
on the next business day, ,4�` 39-1-120(3), C.R.S.
District Court
Contact the District Court in the County
where the property is located. See your
local telephone book for the address and
telephone number.
P
PETITION
TO
COUNTY
BOARD
OF
EQUALIZATION
What is your estimate of the property's value as of June 30, 2020? (Your opinion of value in terms of a
specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.)
$ .—,,oc
What is the basis for your estimate of value or your reason for requesting a review? (Please attach
additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original
instaiied cost, appraisal, etc.)
jc J1c ,-v
r
I, the undersigned owner or ag
and o any attachments he
',Signature
1
A --tit (WS. /1'F e,
41,474.;_ - 4O
Ajfrec0 _44 c-
ATTESTATION:
of the property identified above, affirm that the statements contained herein
true and complete.
Telephone Number
Zwa pi a /11/4-40-- ./-71.041-7/1 y SP -0 r
Email Address
1 Attach letter of authorization signed by property owner.
Date
15-DPT-AR
PR 207-08/13
R7577999
1
6/07/Cda
June 30, 2021
DENISE & CORY MARKHAM
2217 SAN MIGUEL DR
SEVERANCE CO 80550-2723
Dear Property Owner,
OFFICE OF THE WELD COUNTY ASSESSOR
1400 N 17th Avenue Greeley,_Co 80631
PH (970) 400-3650 • F (970) 304-6433
www weldgov corn
QUALITY OF TITLE NOTICE
State Statute C R S 39-5-101 identifies the role of the assessor's office regarding the status and quality
of title as itrelates to the valuation and taxation of real property At the discretion of assessor, the
Assessor's staff can identifytechnical defects in conveyance documents that are acceptable for the
purpose of taxation and valuation of real property but may have potential quality of title issues
impacting the real property owner
The following recorded document was admissible for the purpose of conveyance, this
notice is anattestation of a potential quality of title issue with the accompanying
documentation
Reception Number: 4723499
Recording Date. 06/08/2021
Potential Title Issue:
INCOMPLETE LEGAL DESCRIPTION — MISSING SUBDIVISION NAME
_Please seek advice from -a - Real -Estate-Professional-or-the person who prepared -your -document---= -
If you have any questions, please
contact the Weld County Assessor's
Office at (970) 400-3650
Sincerely,
G2.br&Doneto
Brenda Dones
Weld County
Assessor
Enclosures
EACH OFFICE INDEPENDENTLY OWNED AND OPERATED
NININIIIIIIIInmaiwerwatairmsommit
SIR
AssistASell.
ORTIZ REALTY, INC
February 24,2021
To whom it may concern,
Met with Mr Markham, on February 17, 2021 and was given a personal tour, it was brought to
my attention the items that needed to be fixed & replaced 32x48 shop parts of siding and roof
will need to be replaced Home -roof, spnnkler system, garage door, carpet and replace sheet
rock wall in the Master bath shower, possibility of mold issues in the basement from the master
shower upstairs from it leaking Windows and numerous doors leak and damaged plus other
numerous items are in need repair, all fencing outside
I am not a licensed contractor but have done Fix & Flips, in the middle of Updating one of my
Rentals to get it ready to put on the market to Sale and have been Project Manager for up to
Seven Homes, dollar amounts shared by Mr Markham could be up to the amount of
$120,000 00 to $132,000 00
Low price -$612,500 00- Medium pnce -$635,000 00Average price -$634,300 00 and High pnce
$659,000 00
My professional opinion out the door pnce would be $500,000 to $525,000 due to all the repairs
that was shared with me
Been a Realtor going on 24 years 2020 Chair of Loveland -Berthoud Association of Realtor's
(LBAR) and LBAR 2020 Realtor of the Year
Warmest rega
Broker/O
Roberto Ortiz GRI-CRE-SFR-CMRE
1601 E Eisenhower Blvd #4, Loveland, Co 80537
O 970-206-4900
C 970-690-5922
Email Rortiz@Assist2Sell.com
MLS
Sold Listings
Listing Original List Sold $/SF Conc Garage BD BA SqFt Listing Office Timeline
IRES Coldwell 39 DTO
900873 RES $635,000 $615,000 $612,500 $177/TSF None 4 Car 4 3 3453 Banker 73 DOM
5006
6 Cortez 1/1/2020 2/8/2020 3/13/2020 $219/FSF Attached 73 CDOM
Wa
y Realty-FtC
--- - --- - - - - _73 DTS
IRES - - -- -- ^ - _ -- — Coldwell 11 DTO
903250 RES $635,000 $635,000 $635,000 $143/TSF None 3 Car 5 4 4442 Banker 45 DOM
4405 Indigo 2/3/2020 2/13/2020 3/18/2020 $148/FSF Attached Realty-FtC 45 CDOM
Dr _ _ _ _ - 45 DTS
IRES _ __ _ __ _ . _ - - —Coldwell 54 DTO
908749 RES $655,000 $649,900 $645,000 $200/TSF $500 5 Car 4 3 3230 Banker 135 DOM
4411 Indigo 4/9/2020 6/1/2020 8/21/2020 $200/FSF Attached Dr Realty-FtC 135 CDOM
135 DTS
IRES Equity 206 DTO
897969 RES $689,900 $669,900 $659,000 $197?SF None 3 Car 5 3 3346 Colorado- 250 DOM
4404 Indigo 10/31/2019 5/23/2020 7/6/2020 $197/FSF Attached Front Range 250 CDOM
- - - - - - ---------- - — - -- - -- - -
250 DTS
Sold Summary y - Count Total Price High Pnce Low Price Avg Price Median Price ADOM/ACDOM
4— _ — $2,551,500 - $659,000 -_ $612,500 _— _ $637,875 W - $640,000 - - - - --125/125
Cumulative Cnrnparati e Mai kec Analysis
Status Count Total Price High Pnce Low Price Avg Price Median Pnce ADOM/ACDOM
Active _ _ - — 0 _
TakingBackupOffers 0 --
Sold - - 4- $2, - _ 551,500 $659,000 - -$612,500 $637,875 $640,000 125/125
Withdrawn 0
Expired 0
_ __
Pending - - - .. _
0
ALL 4 $2,551,500 $659,000 $612,500 $637,875 $640,000 125/125
Listings included in this report are selling at an average of 99% of listing price
Roberto Ortiz
Call 970-690-5922
Or Email rortiz@assist2sell corn
httpJ/www A2Scolorado corn
Assogn'Sel➢.
Assist 2 Sell - Ortiz Realty
Call 970-206-4900
httpJ/www.A2SColorado corn
- -- Prepared By Roberto Ortiz - Feb 24, 2021 1-51 17 -PM ----
Information deemed reliable but not guaranteed MLS content and images copyright 1995-2021, IRES LLC All nghts reserved
Shimek Appraisal Service
SUBJECT PHOTO ADDENDU
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
File No.
Case No.
CO Zip Code 80546
Ducts wont go in properly
Damage to Carpet
Damage to garage door
Produced by ClickFORMS Software 800-622-8727 Page 33 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance
Lender/Client Cory Markham
County
Weld
Address
State
CO Zip Code 80546
1/2 Bath Main floor
Interior of garage
Produced by ClickFORMS Software 800-622-8727 Page 34 of 37
Shimek A rarsal Service
COMMENT ADDENDUM
File No
Case No
Borrower Cory Markham
Property Address 2217 San Miguel Dnve,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
SUBJECT CONDITION
See Intenor photos All of the utilities were on and functioning properly Home owner says that home needs some senous
remodeling due to the hail and water damage from leaking windows Mr Marham said that the other appraiser had a
contractor come and look at the home and give an estimate or bid that it would probably cost about $190,000 to mitigate the
damage to the home He also said that they hired a contractor come in to work on that damage, but that contractor did not do
the work correctly and now that company is out of business leaving the Markahms no where to turn to correct this Home
needs new windows, roof, chimney, gutters, shop garage door, other damage to shop, and a ton of intenor work According
to Mr Markham there is extensive mold along the floor and ceiling of basement and the intenor wall between home and
garage and other areas There is some damage to some drywall This home will have to sell at a huge discount in order to
sell it As stated by Mr Marham this home has some serious deferred maintenance that will need to be addressed before it
would sell On the surface most things look pretty good but underneath there is a different story Lower oven does not work,
Upper FP does not work, Jet tub leaks, loafing shed has a lot of damage, Vinyl fence needs a ton of replacement, Some of
the concrete is heaving, electrical in kitchen needs repaired, Lawn spnnkler system does not work, sump pump burned out,
Covers damaged, Etc
l
Produced by ClickFORMS Software 800-622-8727 Page 35 of 37
Shimek Appraisal Service
EXTRA COMPARABLES 4-5-6
File No
Case No
Owner Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Client Cory Markham
Weld
Address
State CO Zip Code 80546
ti
FEATURE I SUBJECT
COMPARABLE SALE # 4
COMPARABLE SALE # 5
COMPARABLE SALE # 6
Address 2217 San Miguel Dnve,
Severance, CO 80546
4405 Indigo Dr
Severance, CO 80550
5416 S Timberline Rd
Fort Collins, CO 80528
Proximity to Subject
f,, - Wit- =
0 13 miles S
10 52 miles W
r..,
Sale Price
$
= ' " Y';-`:, $ 635000
;> -7-,i "" i $ 505000
—"!--" _ $
Sale Price/Gross W Area
$ 0 00 s ft
$ 275 85 s ft ; `''r' .
$ 230 07 ft 1=-5-.1%$
R C-° L_ % 3 .
5..0 Data Source(s)
,"rr' ''' x` x,,i`''
IRES#903250,DOM 45
IRES#892249,DOM 29
Verification Source(s)
•i-`.-4, ; i'fC;
Doc# 4576400
No Doc Found
3•^
VALUE ADJUSTMENTS
DESCRIPTION
DESCRIPTION
+ - . Ad ustment
DESCRIPTION
+ - . Ad ustment
DESCRIPTION
+ - . Ad ustment
t
Sale or Finance.
, `tix,O2-!,%r,s,'
ArrnLth
ArmLth
Concessions
rr, ; ` '
Conv,0
Conv,0
Date of Sale/me
f
'' ;",1 "7' °; a '"FTC'
503/20,cO2120
s09/19,c08/19
Location
Residential
Residential
Residential
sLeasehold/Fee Simple
Fee Simple
Fee Simple
Fee Simple
. Site
2 25 Acres
1 01 ac
+2,500
1 76 ac
+1,000
,/
ti-,
n.- View
Typical
Typical
Typical
Design (Style)
Ranch/Good
Ranch/Gd
Ranch/Gd
-< Quality of Construction
Frame/Avg
Frame/Good
Frame/Good
. ActualAge
20 yrs
17
0
45
0
Condition
Fair/Average
s
Total8 Bdrms
Total
Bd3 s
Baths
Total IBdrms� Baths
Total
Bdrms
Baths
m Count
2Baths 10
0
5 3
2 0
+2,500
s ° Gross Living Area
2,462 sq fl.
2302 sq ft
+11,50(
2195 sq ft.
+19,200
sq ft.
Basement 8 Finished
1 Rooms Below Grade
2,444SF, 90%
Finished, Bath
2140sf1926sf
2rr2br1 ObaOo
-27,600
0sf
+45,600
Functional Utility
Average
Average
Average
Heating/Cooling
FA/AC
FA/AC
BB/None
+5,000
Energy Efficient Items
None
None
None
Garage/Carport
3 Car Gar Aft
3ga3dw
0
3ga3dw
0
iZ Porch/Patio/Deck
Pat, 2Dks,Por, Fen
Pat, Spr, Fen, Por
+3,000
Sp, Fe, Po
+4,000
Fireplaces
2 Fireplaces
Fireplace
+2,000
None
+4,00q
® Deferred Maintenance
Deferred Maintenance
Superior
-190,000
Similar
0
Outbuildings
1536SF Shop, LS
None
+40,000
Barn LS
0
Net Ad ustment otal
,.-
U + X -
$ -158 600
X + U -
$ 81 300
• + -
$
o Adjusted Sale Pnce
of Comparables
`' ,
;.'`' 3 ,' ',!
-- >^-',- I) 1,�
Net Adj -25%
Gross Adl 44%
$ 476.400
Net Adj 16%
Gross Adj 16%
$ 586,300
Net Adl 0%
Gross Adj 0%
$
Report the results of the research and analysis of the poor sale or transfer history of the subject propertyand comparable sales
ITEM
SUBJECT
COMPARABLE SALE # 4
COMPARABLE SALE # 5
COMPARABLE SALE # 6
.
to
'
Date of Pnor Sale/Transfer
10-16-2020
05/07/2003
09/05/2001
Pnce of Prior Sale/Transfer
0
$351380
$274700
Data Source(s)
CoreLogic
CoreLogic
CoreLogic
Effective Date of Data Source(s)
05/16/2021
05/17/2021
05/17/2021
Analysis of poor sale or transfer history of the subject property and comparable sales See page 2 for additional comments
Summary of Sales Companson Approach (Continued) Comp 5 is as close to a true comparable as I could find in Windsor, Severance, Fort Collins,
Timnath, etc It is over a year ago and in Fort Collins There were no REO properties in the subject's immediate vicinity in at least 2 years Less
weight on comp 4 as It sold over a year ago and it seemed to be a low market sale There is something else going on here that I can not identity
A
fh
Produced by ClickFORMS Software 800-622-8727
Page 36 of 37
Borrower Con/ Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Shimek Appraisal Service
COMPARABLES 4-5-6
Weld
Address
State
File No.
Case No.
CO Zip Code 80546
COMP .+:'; . ±LE SALE # 4
4405 Indigo Or
Severance, CO 80550
COMPARABLE SALE # 5
5416 S Timberline Rd
Fort Collins, CO 80528
COMPARABLE SALE # 6
Produced by ClickFORMS Software 800-622-8727
Page 37 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Bedroom in basement
Bedroom in Basement
Damage to window
Produced by ClickFORMS Software 800-622-8727 Page 31 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
File No.
Case No.
Weld
State
CO Zip Code 80546
Address
Gap, Damage to window
Sump pump that quit working
Overwhelmed
Cracks in covers
Produced by CtickFORMS Software 800-622-8727 Page 32 of 37
ShlmekAppraisal Service
SKETCH ADDENDUM
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
File No
Case No
Weld
Address
State CO Le Code 80546
o'
19 0'
Patio to
237 0 sf
70 tics
Bed
Bath
Laundry
140
155' O�
—Wood Deck
319 0 sf
22 0
Nook
Kitchen
21 0
ED
Garage
906 0 sf
Foyer
op
230
Wood Deck
184 0 sf
23 0
17 0'
Bed
FP
Living Room 7 Bath
1/2 Bath
Bed
Dining Office
5�, 100 2� O/' 150
d' 7 0 ti Porch
420 2'58i0sT
26 0
14 0'
Bed
Bed
0
O
22 0'
Rec Room
21 0
m
2282 1 sf
o Finished BSMT
co 230'
0 140
v to
170
Wet Bar
Bath 8 5'
O
rn
50 90 I.
Utihhes
FP
Family
43 15 0
7 0 '1'
Unfinished BSMT
161 9 sf
140
v
First Floor
2462 0 sf
ctrn by Ape'. >4e ch
AREA CALCULATIONS SUMMARY .
Code Description Factor Net size Perimeter Net Totals
GLA1 First Floor 1 0 2462 0 251 3 2462 0
BSMT Finished BSMT 1 0 2282 1 270 9
Unfinished BSMT 1 0 161 9 48 6 2444 0
GAR Garage 1 0 906 0 124 0 906 0
P/P Porch 1 0 258 0 105 7
Wood Deck 1 0 184 0 62 0
Wood Deck 1 0 319 0 89 5
Patio— 1 0 237 0 65 2 998 0
Net LIVABLE (rounded) 2 462
AREA CALCULATIONS BREAKDOWN
Name Base x Height it I° + Width =
First Floor 32 0 x 17 0 =
40 5 30=
280 x 11 0 =
70 x 20=
05 x 28 x 14=
05x 2 8 x 14=
280 x 120=
340 x 110 =
70 0 20=
05 x 28 x 14 =
0 5 x 2 8 x 14=
340 x 15=
34 0 x 1 5 =
30 0 5 22 0 =
_1 1505 60=
15 total items
Area
544 0
120
308 0
14 0
20
20
336 0
374 0
14 0
20
20
51 0
51 0
660 0
90 0
(rounded) 2 462
S 5tuerp Kadiaiinp LLC dba Afar Software
Produced by ClickFORMS Software 800-622-8727
Pagej 10 of 37
Borrower Cory Markham
Properly Address 2217 San Miguel Dnve,
City Severance County
Lender/Client Cory Markham
Shimek Appraisal Service
SKETCH ADDENDUM
Weld
Address
File No
Case No
State CO Zip Code 80546
O
00
32.0'
Shop
Concrete
Pole Frame
1536.0 sf
Heated
Finished
32.0°
00
Si etch by Av. bhe ch
AREA CALCULATIONS SUMMARY
Code Oescnptlon ranter Net Sloe ` Perimeter Net Totals
OTH Storage 1 0 1536 0 160 0 1536 0
Name
_ AREA CALCULATIONS BREAKDOWN
Base x Height a i + Width = Area
0 total Items
(rounded) 0
e> Stareap Merk.tlno, Lit dba Apex Software
Produced by ClickFORMS Software 800-622-8727
Page 11 of 37
Resume
File No
Case No
Borrower Cory Markham
PropertyAddress 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State CO Zip Code 80546
SHIMEK APPRAISAL SERVICE
John D. Shimek
4706 West C Street
Greeley, CO 80634
Office: (970) 356-7307
Cell: (9701539-0995
Fax (866) 734-8603
Email: shimekappraisals@vahoo.com
Website: weidcountyappraiser.com
LICENSE
Certified Residential Appraiser t#CR40005084, State of Colorado. January 2007 to Present
FHA Roster Appraiser, September 2007 to Present
EDUCATION
The Appraiser as an Expert Witness Preparation and Testimony, Appraisal Institute, August 2010
Whatever Happened to Quality Assurance in Residential Appraisals: Avoiding Risky Appraisals and
Risky Loans Appraisal Institute. July 2010
Appraisal Policy Changes. Challenges & Opportunities. Appraisal institute. November 2009
The 100.4MC Problems & Solutions Sponsored by A La Mode, Inc., Match 2009
The FHA Appraisal, US Department of HUD -FHA. August 2008
Getting to Know Rural Properties. Colorado State University Coop Extension. October 2006
Appraising High -Value Residential Properties. McKissock. Inc., June 2005
Fannie Mae Rea istons and the Appraiser, McKissock, inc . October 201)5
USPAP Update, McKissock, Inc or University of Colorado. 2009, 2007, 2004, 2002, 1999. 1996
'I ransit Oriented Development, Appraisers in the ling. Right-of-way acquisition process for
Federally Funded Projects. FHA and the Real Estate Market. Appraisal institute. August 2004
Residential Construction, McKissock, Inc . September 2003
Appraising the Oddball. McKissock, Inc . September 2003
Certified Residential, University of Colorado at Boulder, May 2002 & September 1999
Small Residential "Income Properties. University of Colorado at Boulder, May 2002 & Oct 1998
Regular Business Meeting. Colorado Board of Real Estate Appraiseis September 200)
FHA Appraisal inspections from the ground up What escrti Appraiser Should Know.
Appraisal Institute. December 2000
FHA New Construction Training Seminar, Union Colony Bank, April 2000
Radon and The Real Estate Professional. Western Regional Radon Training Center, October 1999
DIPLOMA. Bachelor of Arts in Business Administration, May 1986
MAJOR: Management and Marketing
SCHOOL. Chadron State College, Chadron. Nebraska
EXPERIENCE
Residential Appraiser. Shimek Appraisal Service April 2005 to present
Responsible for cbmpleuon of residential, hind & small income property appraisals.
Residential Appraiser. Real Vain. Incorporated, August 1999 to April 2005
Responsible for completion of residential & small income propeity appraisals
Residential Appraiser Wysock Appraisal Service, October 1997 to August 1999.
Retonsihle for completion of residential & small income property appraisals
REFERENCES Available upon request
D,r..ii ,rn.l 1..• (Y,n4F/IDRAC Cnfh., Fro RlfLR')9_R777
vans
License
File No
Case No
Borrower Cory Markham
Property Address 2217 San Miguel Dnve,
City Severance
Lender/Client Cory Markham
County
Weld
State CO Zip Code 80546
Address
COLORADO
Department of
Regulatory Agencies
Division of Real Esta.e
1560 Broadway, Suite 925
Denver, CO 80202-5111
Dear John Douglas Shimek
Congratulations' Below are your electronic wallet cards and a larger wall license to use as
proof of your licensure You may also print your license any time through your Online E -Services
account by visiting our homepage at dora colorado gov/dre and selecting "Online E -Services"
from our "Quick Links"
If you have any questions about your credential, or if you require any additional assistance,
please contact our Customer Support Team at (303) 894-2166 or by email at
dora_realestate_website®state co us
John Douglas Shimek
4706 West C Street
Greeley CO 80634
`..htanairc HJJaxA,)
Director Marcia Waters
State of Colorado
Department of Regulatory Agencies
Division of Real Estate,
Board of Real Estate Appraisers
John Douglas Shimek
Certified Residential Appraiser
License # CR40005084
Status Active
Expires 12/31/2022
For the most up to date information regarding this credential, visit http //dora colorado gov/dre
Colorado Department of Regulatory Agencies
Division of Real Estate
John Douglas Shimek
Certified Residential Appraiser
CR40005084
12/13/2020
License Number Issue Date
Active 12/31/2022
License Status Expiration
Venfy this license at http //dora colorado gov/dre
aye& kh *A4J I
Director Marcia Waters Licensee Signature
pp c_94/?
:\\,
Broadway, Suite 925 Denver, CO 80202 5111 P 303 894 2166 F 303 894 2683 wwwdora colorado gov/dre q-i, •.--,,,.2-.. /O
\\,rt+
E & O Insurance
File No
Case No
Borrower Cory Markham
Property Address 2217 San Miguel Dnve,
City Severance
Lender/Client Cory Markham
County
Weld
Address
State CO Zip Code 80546
AIG SPECIALTY INSURANCE COMPANY
Administrative Offices - 175 Water Street 18th Floor New York NY 10038
Certificate Number
This Certificate forms a part of Master Policy Number
Renewal of Master Policy Number
026245138-01
035908521-01
035908521-00
NOTICE THIS INSURANCE IS WRITTEN ON A CLAIMS MADE AND REPORTED BASIS AND ONLY APPLIES TO
CLAIMS FIRST MADE AGAINST THE CERTIFICATE HOLDER DURING THE CERTIFICATE PERIOD NO
COVERAGE EXISTS FOR CLAIMS FIRST MADE AGAINST THE CERTIFICATE HOLDER AFTER THE END OF THE
CERTIFICATE PERIOD UNLESS, AND TO THE EXTENT, A BASIC OR EXTENDED REPORTING PERIOD APPLIES
NOTICE DEFENSE EXPENSES ARE INCLUDED WITHIN AND REDUCE THE APPLICABLE LIMIT OF LIABILITY
STATED IN THE CERTIFICATE PLEASE READ THE ENTIRE POLICY CAREFULLY
NORMAN -SPENCER REAL ESTATE RISK PURCHASING GROUP INC dba
THE AMERICAN ACADEMY OF STATE CERTIFIED APPRAISERS
(A Delaware Corporation)
CERTIFICATE DECLARATIONS
1 Name and Address of Certificate Holder
2 Certificate Period
2a Retroactive Date
3 Limit of Liability
4 Deductible
John D Shimek d/b/a
Shimek Appraisal Service
4706 West C Street
Greeley
CO 80634
Effective Date 5/19/2021 to Expiration Date 5/19/2022
12 01 a m Standard Time at the Address of the Certificate Holder shown in item 1 above
5/19/2005
12 01 a m Standard Time at the Address of the Certificate Holder shown in item 1 above
$ 1,000,000 each claim
$ 1,000,000 aggregate limit
$ - each claim
5 Professional Covered Services insured by this policy are REAL ESTATE APPRAISAL SERVICES
6 Advance Certificate Holder Premium
7 Minimum Earned Premium
Forms and Endorsements
See Attached Forms list
Agency Name and Address
$594 00 Surplus Lines Tax
25% or $149 00
Norman -Spencer Agency, LLC
8075 Washington Village Dnve
Dayton, OH 45458
Risk Purchasing Group Fee
Total
19 02
40 00
$ 59 02
IT IS HEREBY UNDERSTOOD AND AGREED THAT THE CERTIFICATE HOLDER AGREES TO ALL TERMS AND CONDITIONS AS SET
FORTH IN THE ATTACHED MASTER POLICY
County Weld
Authorized Representative OR
Countersignature (in states where applicable) Date April 8, 2021
This contract is delivered as surplus line coverage under the 'Nonadmitted Insurance Act' The Insurer issuing this contract is not
licensed in Colorado but is an eligible nonadmitted insurer There is no protection under the provisions of the 'Colorado
Insurance Guaranty Association Act' Bnan J Norman
PRG 4110 (5/20)
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
Weld
Address
State
File No.
Case No.
CO Zip Code 80546
Front of Home -Alternate View
Front of Home -Alternate View
Front of Home -Alternate View
Produced by ClickFORMS Software 800-622-8727 Page 15 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Shop
Interior of shop
gutters damaged
Produced by ClickFORMS Software 8ft0-622-8727 Page 16 of 37
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Shimek Appraisal Service
SUBJECT PHOTO ADDENDU
Weld
Address
State
File No.
Case No.
CO Zip Code 80546
Hail Damage to chimney
Vinyl fencing is damaged
Tons of fencing is damaged
Vinyl fencing is damaged
Produced by CtickFORMS Software 800-622-8727 Page 17 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Vinyl fencing is damaged
Damage to Shop
More Damage to Shop
Produced by ClickFORMS Software 800-622-8727 Page 18 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Properly Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
More Damage to Shop
More Damage to Shop door
More Damage to Shop door
Produced by ClickFORMS Software 800-622-8727 Page 19 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Wood stove in shop
Damage to gutters from hail
Produced by ClickFORMS Software 890-622-8727 Page 20 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Corw Markham
Weld
Address
State
CO - Zip Code 80546
Laundry Room
Damage to window
More damage to windows
Produced by ClickFORMS Software 800-622-8727 Page 21 of 37
Shimek Appraisal Service
LOCATION MAP ADDENDUM
Borrower Cory Markham
File No.
Case No.
Property Address 2217 San Miguel Drive,
City Severance County Weld State CO Zip Code 80546
Lender/Client Cory Markham
Address
Slack Hollow
Junction
Arrowhead
5Comp5.....•T,.,...,..,,�<:._..,..,.,.. �.
416 S Tiirrrberline Rd f
Fort Ca 5^s, CO 5'5528 s
Sate S.505000
10 52 miles
14
Kerns
Gove
_._...-..-
4405 Indigo D,
Severance, CO 585
sue: sesssono
6.13 cues.
2217 San 1.1 r el Orate,
Severance, CO50545
AP 1:0700025205002
game 44041ndigo Or
Sevetaace. 0080555
5er:'5553000
0.11 Miles S
338.3.5 WinterW.ay
Windsor, CO 80550
Sae:S155000
4 05 miles S
:Eil(�7 3Js 43i twrat.3d :::.::: a : ;; :::-Highw«'ti="s 1_rryp._
Koenig
!Hardman
Bracewell
Bus
l miles 1 tun
9 2021 TnmTorn. S 2021 4licrosn5 Carporatamr
Produced by ClickFORMS Software 800-622-8727
Page 9 of 37
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Shimek Appraisal Service
COMPARABLES 1-2-3
Weld
Address
State
File No.
Case No.
CO Zip Code 80546
COMPARABLE SALE # 1
33838 Winter Way
Windsor, CO 80550
COMPARABLE SALE # 2
447 Ventana Way
Windsor, CO 80550
COMPARABLE SALE # 3
4404 Indigo Dr
Severance, CO 80550
Produced by ClickFORMS Software 800-622-8727
Page 8 of 37
Shimek Appraisal Service
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
SUBJECT PHST DEN UM
Weld
Address
State
File No.
Case No.
CO Zip Code 80546
Loafing Shed
Rear of Home
Rear of Home
Produced by ClickFORMS Software 800-6228727 Page 7 of 37
Shimek Appraisal Service
Residential Appraisal Report
File No
Case No
The purpose of this appraisal report is to provide the client with an accurate, and adequately supported, opinion of the market value of the subject property
` Property Address 2217 San Miguel Dnve, City Severance State CO Zip Code 80546
`` Owner Cory Markham Intended User MARKHAM DENISE K County Weld
Legal Descnption SEV CL L2 BLK5 CASA LOMA
Assessor's Parcel # 070525205002 Tax Year 2021 R E Taxes $ 4,109 00
Neighborhood Name Casa Loma Map Reference Assessor Census Tract 0020 01
Occupant
X
Owner [Tenant I I Vacant Special Assessments $ 0 n PUD HOA $ 225 I Xi per year riper month
Property Rights Appraised l X I Fee Simple I —I Leasehold I I Other (describe)
Intended Use Determine market value for a divorce
Client Cory Markham Address
.T.Is
the subject property currently offered for sale or has it been offered for sale in the twelve months pnor to the effective date of this appraisal? I -I Yes I X I No
Re ort data sources used offenn s rice s and dates IRESMLS
*
'
I ❑ did ❑ did not analyze the contract for sale for the subject purchase transaction Explain the results of the analysis of the contract for sale or why the analysis was not
rformed
Contract Pnce $ Date of Contract Is the property seller the owner of public record? El Yes I I No Data Source(s)
°
Is there any financial assistance (loan charges, sale concessions, gift ordownpayment assistance, etc ) to be paid by any party on behalf of the purchaser?
If Yes, report the total dollar amount and descnbe the items to be paid
•
Yes
.
No
,
Y�o5
`t
Note Race and the racial composition of the neighborhood are not appraisal factors
✓.✓P�i�f
rte
Location
Aeightiorhho_odCliaractarlstcs_
Urban
X
d
Suburban
.
her ~ ',
r.,�t
Rural
Font. - r.
N` ,�, w
Property Values
OneUpttHoilslnt�Tren`ds
Increasing
X
` �r
,�,�_r,
Stable
i _
Declining
J F]
One.UnkFlousing,.PresentLamluse%-
PRICE AGE
l,iit fi
One -Unit 75 %
g
Built -Up
X
Over75%
25-75%
Under25%
Demand/Supply
Shortage
X
In Balance
O,erSu7N
$ (000) (yrs)
2-4 Unit 5 %
o
fe
Growth
Rapid
X
Stable
Slow
Marketing Time
X
Urder3mths
3.6mths
Over 6mths
250 Low 5
Multi Family 5 %
-.
Neighborhood Boundaries
The neighborhood boundanes are the Weld County/Lanmer County Line to the
1,500 High 35
Commercial 5 %
°
East Coun Road
32 to the North Interstate 25 to the West and Coun Road 26 to the South
650 Pred 15
Other Vacant 10 %
Neighborhood Description
Continued page 3)
Market Conditions (including
support for the above conclusions) (Continued page 3)
ti
n '
off ,
).
Dimensions
Not Available Area 2 25 Acres Shape Rectangular View Typical
Specific Zoning Classification
Res Zoning Descn bon Residential Low Density
Zoning Compliance n
Legal nLegal Nonconforming (Grandfathered Use) I I No Zoning I I Illegal (describe)
Is the highest and best use
of subject property as improved (or as proposed per plans and specifications) the present use? I IYes EI No If No, describe
Utilities Public Other
describe Public Other descnbe
Off -site Im . rovements—T e Public Private
Electric i
X
Water
X
Street Asphalt
X
Gas
X
Sanitary Sewer
X
Alley None
ts
'I t
FEMA Special Flood Hazard Area riYes I X I No FEMA Flood Zone X FEMA Map # 08123C1211E FEMA Map Date 01/20/2016
Are the utilities and/or off site improvements typical for the market area? I Xl Yes El No If No, descnbe
Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc )? Yes X No If Yes, describe
There are no know flood areas in this area
c t=` ,"'i `GeneraIDescriptfoi i'"rts ^'
`'`''F0'undahonti� !;,)-7-,tit'
Exterior Descdpilon`'"'£matedalsicon'dibor`i
/Interior .,,y matenatslconddlon
Units I X IOne El One with Accessory Unit
Concrete Slab Crawl Space
Foundation Walls Concrete/Good
Floors HdWd/Carp/Avg
y;
# of Stones 1 00
_
X
Full Basement l IParbal Basement
Extenor Walls StnV/StucJWd/Avq
Walls Drywall/Fair
TT e I XO Det Alt �� S--Det/End Unit
Basement Area 2,444 sq ft
Roof Surface Composition/Fair
Tnm/Finish Oak/Good
I X (Existing Proposed ) IUnderConst
BasementFinish 90 %
Gutters &Downspouts Metal/Fair
Bath Floor Tile/Gd
0rte^
.,t
gr'
4
4,`
ex
Design (Style) Ranch/Good
El Outside En
/Exit) (Sump Pump
Window Type Vinyl/Poor
Bath Wainscot Tile/Gd
Year Built 2001
Evidence of I
Infestation
Storm Sash/Insulated Thermopane/Poor
Car Storage I I None
Effective Age (Yrs) 10
El Dampness
Settlement
Screens Yes/Poor
(X I Driveway # of Cars 3
Attic
None
Heating I X IFWA
I HWBBII IRadiant
Amenities
X
Woodstove(s)# 1
Driveway Surface Concrete
Drop Stair
Stairs
FlOther IFuel
X
F'ueplace(s)# 2
X
Fence Vinyl
X
Garage #of Cars 3
Floor
X
Scuttle
Cooling [5j Central &Conditioning
X
Patio/Deck 3
X
Porch 1
Carport #of Cars
rte--
Finished
Heated
�Indmdual Other
Pool
X Other Jet tub
_
X
Alt. r1 Det F1Bwlt in
�
Appliances X Refrigerator I /� I Range/Oven I X )Dishwasher X Disposal l� Microwave) —I Washer/Dryer riOther (describe)
jW
Finished area above grade contains 8 Rooms 3 Bedrooms 2 10 Bath(s) 2,462 Square Feet of Gross Living Area Above Grade
nit
Additional features (special energy efficient items, etc) Oak kitchen cabinets Tile backsplash Lawn sprinkler system Garage door openers Stainless
:;
steel a ' •!lances 2 Center island workstations Rounded DW corners 6 Panel HC doors Attic fan Ceilin • Fans
Describe the condition of the property (including needed repairs, detenoration, renovations, remodeling, etc ) See comments - SUBJECT CONDITION
v
''
Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the properly? nYes 1] No If Yes, describe
.'
Does the 'moe •eneral conform to the nei.hborfrood functional utili s e condition use construction etc ? X Yes No If No describe
NL - Residential 5/2007
This form may be reproduced unmodified without wntten permission, however, Bradford Technologies, Inc must be acknowledged and credited
Produced by ClickFORMS Software 800-622-8727 Page 1 of 37
Shimek Appraisal Service
Residential ADDralsal Report
File No
Case No
r.
There are 4 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 375,000 to $ 550,000
4
There are 12 corn. amble sales in the sub ect nei • hborhood within the . ast twelve months ran. in. in sale .nce from 370 000 to • 475 000
FEATURE SUBJECT
COMPARABLE SALE #1
COMPARABLE SALE #2
COMPARABLE SALE #3
i
Address 2217 San Miguel Dnve,
Severance, CO 80546
33838 Winter Way
Windsor, CO 80550
447 Ventana Way
Windsor, CO 80550
4404 Indigo Dr
Severance, CO 80550
,,i '
Proximity to Subject
'"'' r5�, `'+
4 05 miles S
464 miles SW
0 11 miles S
i, .
Sale Pnce
$
; / S': ,-<.'1,i-c; } $ 755000
. ` S t r `,' $ 780000
;1rw ,% �J' $ 659000
Sale Pnce/Gross W Area
$ 0 00 sq ft
$ 313 41 sq ft L, r Ni''Y''' <a
$ 320 72 sq ft f <% -, /', `
$ 392 50 sq ft >2
Data Source(s)
" "4w ( `7• i'
IRES#924229,DOM 37
IRES#917730,DOM 57
IRES#897969,DOM 250
3 :
Verification Source(s)
`,,i -
Doc# 4645640
Doc# 4629218
Doc# 4605858
a
VALUE ADJUSTMENTS
DESCRIPTION
DESCRIPTION
+ Ad ustment
DESCRIPTION
+ .Adustment
DESCRIPTION
+ Ad ustrnent
. ,
Sale or Financin r
_ 3 ,,ti,`
ArmLth
ArmLth
ArmLth
Concessions
, _4; '
Cony 0
VA,0
Conv,O
Date of Sale/Time
-t , '-.2" � '' - -
s10/20,c09/20
s09/20,c07/20
507/20,c05/20
Location
Residential
Residential
Residential
Residential
Fee Simple
Fee Simple
w'
-
�'
1 34 ac
+1,800
, 2 36 ac
-200
-
Typical
Typical
Ranch/Gd
Ranch/Gd
•
Frame/Good
Frame/Good
A� -
...
'
I
15
0
19
0
N
, •
Good
Good
=.
Total
Bdrms
Baths
Total
Bdrms
Baths
hr
,
'
"
6
2
2 10
0
6
3
2 0
+2,504
2432 s. fL
0
1679 s. ft
+56 76
Basement & Finished
Rooms Below Grade
2,444SF, 90%
Finished, Bath
2379sf2141 sf
1 rr2brl Obal o
-35,70
'
2432sf1216sf
1 rr2brl 0ba0o
-20,100
1667sf1500sf
1 r 2br1 Obal o
-11,40C
—
Functional Utility
Average
Average
Average
Average
•t
Heating/Cooling
FA/AC
FA/AC
FA/AC
FA/AC
`=
Energy Efficient Items
None
None
None
None
C.
Garage/Carport
3 Car Gar Att
2 Car Att
+5,00'
3ga3dw
0
3ga3dw
C
,pt
Porch/Patio/Deck
Pat 2Dks Por Fen
Pat S Fen Por
+3 00'
Pat S.r Fen
+4,000(
Deck, Spr, Fen
+3,000
°
Fireplaces
2 Fireplaces
None
+4,00'
Fireplace
+2,00'
Fireplace
+2,000
t)
Deferred Maintenance
Deferred Maintenance
Supenor
-190,00'
Superior
-190,000
Supenor
-190,00D
1
Outbuildings
1536SF Shop, LS
1216SF Shop
+10,00'
None
+40,000
1200SF Shop
+10,000
P
Net Adjustment (Total)
e ' f% : ,`_'<,! - ,
n + n -
$ -201,600
[1+l1-
$ -162,300
n+171
$ -127,724
.
Ilt
Adjusted Sale Price
of Com arables
3,.'~° �'v w `i
;' % n `"' ,
Net Adj -27%
Gross Adi 34%
$ 553,400
Net Adj -21%
Gross Adj 33%
$ 617,700
Net Adj -19%
Gross Adj 42%
$ 531,276
a°
I I X I did I I did not research the sale or transfer history of the subject property and comparable sales If not, explain
,,,,
c L
03
7
My research n did I X I did not reveal any prior sales or transfers of the subject property for the three years pnor to the effective date of this appraisal
Data source(sLS/County Records, 05/16/2021
) M
My research I I did 171 did not reveal any poor sales or transfers of the comparable sales for the year poor to the date of sale of the comparable sale
,s
i-
Data source(s) MLS/County Records, 05/16/2021
Re ort the results of the research and analysis of the pnor sale or transfer history of the subject property and comparable sales (report additional poor sales on page 3)
SUBJECT
COMPARABLE SALE #1
COMPARABLE SALE #2
COMPARABLE SALE # 3
Date of Pnor SalelTransfer
10-16-2020
05/22/2014
04/17/2017
08/21/2018
Pnce of Prior Sale/Transfer
0
$660000
$694500
$614000
Data Source(s)
CoreLogic
CoreLogic
_ CoreLogic
CoreLogic
1j
b,,
iii
k
w�
Effective Date of Data Source(s)
05/16/2021
05/17/2021
05/17/2021
05/17/2021
Analysis of poor sale or transfer history of the subject property and comparable sales All of these sales appear to be typical market transactions Subject
transferred on 10-16-2020 as a Quit Claim Deed for no doc fee
r
Summary of Sales Comparison Approach Comps for any home like the subject in Firestone are generally vaned and in short supply This requires the
use of older sales, sales of some distance and those requinnq large adjustments Of the 6 comps analyzed the 3 chosen are the most recent,
similar and proximate available Financing was typical, but adjusted for seller concessions Room count varies, but in the local market size rather
,
than room count is the better value indicator Most weight on comp 1 the most recent sale The COVID-19 pandemic slowed sales for about 40
da here in Colorado in March and nl of 2020 as the sta at home order b the Governor did not allow homes to be showed b RE a ents
This had an adverse affect on sales of homes in March to May of last year I DID NOT make any adjustments to the comps for Condition
because of the $190,000 adjustment for deferred maintenance If that amount of work was completed then the subject would be comparable to
these coins 1-4
Indicated Value by Sales Comparison Approach $ 600,000
Indicated Value by Sales Comparison Approach $ 600,000 Cost Approach (If developed) $ 150,000 Income Approach (if developed) $ 0
The market data a.. roach is . enerall the best indicator of value Most weiht is .laced on it The cost a.. roach is . nmanl a test of
reasonableness and less weight is placed on it Income approach not prepared due to limited local rental data and few sales for rental purposeso
jU
o
=Wg
•
=
This appraisal is made ❑ as is; ❑ subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been
completed, ❑ subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed or ❑ subjecttothe
following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair Appliances and equipment
assumed operable at time of inspection
Based on a complete visual inspection of the interior and extenor areas of the subject property, defined scope of work, statement of assumptions and limiting
conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is
$ 600,000 , as of 04/29/2021
NL - Residential 5/2007
This form may be reproduced unmodified without written permission, however, Bradford Technologies, Inc must be acknowledged and credited
Shimek Appraisal Service
File No
Case No
Residential Appraisal Report
.`t
=o
-1
Located in an acreage subdivision 2 miles N of Severance, a small town 3 miles Northeast of Windsor and centrally located approximately 10
miles from Fort Collins, Loveland and Greeley Severance has few amenities within the town Nearly all commute to other towns for schools,
shopping and employment Severance has had a population of approximately 100 for several years but now is in a growth period with this and
other new subdivisions Severance is now a town of about 1500 with much new development either under construction or in the planning stages
;‘,0
including commercial
• URAR Neighborhood Market Conditions
la
�-
The local real estate market in north central Colorado has started to rebound with strength as the market continues to improve rapidly This is
particularly prevalent in the lower (affordable) price ranges due in particular to liberal financing options offered in recent years Homes in the
lower (affordable) price ranges are seeing multiple offers due to the very limited choices for buyers These financing sources have tightened
.
lending standards, which has shrunk the pool of available buyers Currently conventional, FHA, VA, & CHAFA financing are available locally in
0r
,i
„'
•
the 3-6% range, however most current financing programs require increased documentation Down payment requirements are still minimal
however, with government (FHA VA CHAFA) financing available with as little as 3% down Current conventional financing programs generally
re.uire a minimum of 10% down Seller concessions of 1-6% of the .urchase .nce to assist with financin• & or down •a ment are common
particularly in the lower price ranges Currently the market is reasonably favorable to homes which are competitively pnced There are a few
unrealistically pnced homes, owing in large part to the high prices paid, which oftentimes included all loan & financing costs, of recent years
which can no longer be obtained
co
of
n
47
A
Jam.
7;
- „, COST APPROACH TO VALUE (if applicable) " - v ,`
NSupport
for the opinion of site value (summary of comparable land sales or other methods for estimating site value) Site value was estimated using the extraction
tis
method of determining site value
ESTIMATED I -I REPRODUCTION OR IX REPLACEMENT COST NEW
OPINION OF SITE VALUE _$ 150,000
`
s Source of cost data Marshall & Swift
Dwelling 2,462 Sq Ft (a) $ _$
Quality rating from cost service Q3 Effective date of cost data 05/01/2021
Bsmt 2,444 Sq Ft (a1$ _$
Comments on Cost Approach (gross tang area calculations, depreciation, etc )
Cost figures based on Marshall and Swift handbook No inadequacies
Garage/Carport 906 Sq Ft @$ _$
noted The physical depreciation adiustment is based on the age/life
Total Estimate of Cost -new $
® +
method plus deferred maintenance
Less Physical 12
Functional
External
�ti„
Depreciation 0
=$ ( 0 )
Depreciated Cost of Improvements =$ 0
is° Value of Site Improvements =$
q°As
'-
Estimated Remaining Economic Life (HUD and VA only) 75 Years
Indicated Value By Cost Approach =$ 150,000
` �' ' w'INCOME APPROACH TO VALUE Of applicable) ,,-, `� �•` - , . 42, ,„ '% " ,, r� t'
®'
Estimated Monthly Market Rent $ X Gross Multiplier Indicated Value by Income Approach
Summary of Income Approach (including support for market rent and GRM)
t "A A‘ " < f -'.,'' '� � „ "PROJECT'1NFORMATIONFORPUDs (if app)Icable) A -%;_` ' `, -. t ,t", " sr
Is the developer/builder in control of the Homeowner's Association (HOA)? El Yes El No Unittype(s) Fl Detached 1 1Attached
Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit
Legal Name of Protect
z
Total number of phases Total number of units Total number of units sold
Total number of units rented Total number of units for sale Data souJrce s)
•
Was the protect created by the conversion of existin uildina Into a PUD? [ IYes II No If Yes, date of conversion
).:
Does the protect contain any multi -dwelling units? I 'Yes II No Data source
LL,'•
Are the units common elements and recreation facilities com. tete? U Yes U No If No descnbe the status of com •letion
tz 1
I°• .
sue,
Are the common elements leased to or by the Homeowner's Association') LI Yes ri No If Yes, describe the rental terms and options
Descnbe common elements and recreational facilities
NL - Residential 5/2007
This form may be reproduced unmodified without written permission, however, Bradford Technologies, Inc must be acknowledged and credited
Produced by ClickFORMS Software 800-622-8727 Page 3 of 37
Shimek Appraisal Service
File No
Case No
This appraisal report is subject to the scope of work, intended use, intended user, definition of market value, statement of assumptions
and limiting conditions, and certifications The Appraiser may expand the scope of work to include any additional research or analysis
necessary based on the complexity of this appraisal assignment
SCOPE OF WORK The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, including the following definition of market value, statement of
assumptions and limiting conditions, and certifications The appraiser must, at a minimum (1) research, venfy, and analyze data from
reliable public and/or private sources, and (2) report his or her analysis, opinions, and conclusions in this appraisal report
DEFINITION OF MARKET VALUE The definition of market value is the most probable price which a property
should bnng in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each
acting prudently, knowledgeably and assuming the price is not affected by undue stimulus Implicit in this definition is the
consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby (1) buyer and
seller are typically motivated, (2) both parties are well informed or well advised, and each acting in what he or she considers his
or her own best interest, (3) a reasonable time is allowed for exposure in the open market, (4) payment is made in terms of cash
in U S dollars or in terms of financial arrangements comparable thereto, and (5) the price represents the normal consideration for
the property sold unaffected by special or creative financing or sales concessions' granted by anyone associated with the sale
'Adjustments to the comparables must be made for special or creative financing or sales concessions No adjustments are
necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area, these costs are
readily identifiable since the seller pays these costs in virtually all sales transactions Special or creative financing
adjustments can be made to the comparable property by compansons to financing terms offered by a third party institutional
lender that is not already involved in the property or transaction Any adjustment should not be calculated on a mechanical
dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's
reaction to the financing or concessions based on the appraiser's judgment
STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS The appraiser's certification in this report is
subject to the following assumptions and limiting conditions
1 The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title
to it, except for information that he or she became aware of dunng the research involved in performing this appraisal The
appraiser assumes that the title is good and marketable and will not render any opinions about the title
2 The appraiser may have provided a sketch in this appraisal report to show the approximate dimensions of the improvements
The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination
of its size
3 The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency
(or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an
identrfied Special Flood Hazard Area Because the appraiser is not a surveyor, he or she makes no guarantees, express or
implied, regarding this determination
4 The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, or as otherwise required by law
5 The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, detenoration, the
presence of hazardous wastes, toxic substances, etc ) observed dunng the inspection of the subject property or that he or
she became aware of dunng the research involved in performing this appraisal Unless otherwise stated in this appraisal
report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the
property (such as, but not limited to, needed repairs, detenoration, the presence of hazardous wastes, toxic substances,
adverse environmental conditions, etc ) that would make the property less valuable, and has assumed that there are no such
conditions and makes no guarantees or warranties, express or implied The appraiser will not be responsible for any such
conditions that do exist or for any engineenng or,testing that might be required to discover whether such conditions exist
Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as
an environmental assessment of the property
6 The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory
cbmpletion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will
be performed in a professional manner
NL- General Certification 5/2007
This form maybe reproduced unmodified withoutwntten permission however, Bradford Technologies, Inc must be acknowledged and credited
Produced by ClickFORMS Software 800-622-8727 Page 4 of 37
Shimek Appraisal Service
File No
Case No
APPRAISER'S CERTIFICATION. I certify that, to the best of my knowledge and belief
1 The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my
personal, impartial, and unbiased professional analyses, opinions, and conclusions
2 In have ❑ have no present or prospective interest in the property that is the subject of this report anrfi have n have no
personal interest with respect to the parties involved
3 I ❑ have performed❑X have not performed services, as an appraiser or in any other capacity, regarding the property that is the
subject of this report within the three-year penod immediately preceding acceptance of this assignment
4 I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment
5 My engagement in this assignment was not contingent upon developing or reporting predetermined results
6 My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or
direction in value that favors the cause of this client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence
of a subsequent event directly related to the intended use of this appraisal
7 My analyses, opinions, and conclusions, were developed, and this report has been prepared, in conformity, with the Uniform Standards
of Professional Appraisal Practice
8 I ❑X have ❑ have not made a personal inspection of the property that is the subject of this report
9 Unless otherwise noted, no one has provided significant real property appraisal assistance to the person signing this certification
SUPERVISORY APPRAISER'S CERTIFICATION The Supervisory Appraiser certifies and agrees that
1 I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
analysis, opinions, statements, conclusions, and the appraiser's certification
2 I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions,
statements, conclusions, and the appraiser's certification
3 The appraiser identified in this appraisal report is either a sub -contractor or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law
4 This appraisal report complies 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 at the time this appraisal
report was prepared
5 If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature
APPRAISER I / ® / J SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature Signature
Name n D Shimek Name
Company Name
Company Address
Comp'ny Name Shimek Appraisal Service
Company Address 4706 W C Street
Greeley, CO 80634
Telephone Number 970-356-7307
Email Address shimekappraisals@yahoo corn
Date of Signature and Report 05/16/2021
Effective Date of Appraisal 04/29/2021
State Certification # Certified Residential Appraiser
or State License # Lic#CR40005084
or Other (descnbe)
State
Expiration Date of Certification or License 12/31/2022
State # CO
ADDRESS OF PROPERTY APPRAISED
2217 San Miguel Dnve,
Severance, CO 80546
APPRAISED VALUE OF SUBJECT PROPERTY $ 600,000
CLIENT
Contact
Client Name Cory Markham
Client Address
Email Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
SUBJECT PROPERTY
Did not inspect subject property
Did inspect extenor of subject property from street
Date of Inspection
❑ Did inspect intenor and extenor of subject property
Date of Inspection
COMPARABLE SALES
Did not inspect extenor of comparable sales from street
Did inspect extenor of comparable sales from street
Date of Inspection
NL - General Certification 5/2017
This form may be reproduced unmodified without written permission however, Bradford Technologies Inc. must be acknowledged and credited
Produced by ClickFORMS Software 800-622-8727 Page 5 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
FRONT OF
SUBJECT PROPERTY
2217 San Miguel Drive,
Severance, CO 80546
REAR OF
SUBJECT PROPERTY
STREET SCENE
Page 6 of 37
Produced by ClickFORMS Software 800-622-8727
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Bedroom
Water damage near master bath
Damage to wall in shower
Produced by ClickFORMS Software 800-622-8727 Page 22 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Master Bath
Kitchen
Carpet has damage
Produced by ClickFORMS Software 800-622-8727 Page 23 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance
Lender/Client Co' Markham
County
Weld
Address
State
CO Zip Code 80546
nook
Living Room
FP
Dining Room
Produbed by ClickFORMS Software 8b0-622-8727 Page 24 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance
Lender/Client Cm/ Markham
County
Weld
Address
State
CO Zip Code 80546
Cracks in bedroom wall
Water damage to ceiling in bedroom
Water damage to smoke detectors
Produced by ClickFORMS Software 800-622-8727 Page 25 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Bedroom
FP in family room in bsmt
Family Room in Basement
Produced by ClickFORMS Software 800-622-8727 Page 27 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance
Lender/Client Copy Markham
County
Weld
Address
State
CO Zip Code 80546
Damage to window
Damage to window
Damage to window
Produced by ClickFORMS Software 800-622-8727 Page 28 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Damage to window
Wet bar in bsmt
Bath in bsmt
Produced by ClickFORMS Software 880-622-8727
Page 29 of 37
Shimek Appraisal Service
SUBJECT PHOTO ADDENDUM
File No.
Case No.
Borrower Cory Markham
Property Address 2217 San Miguel Drive,
City Severance County
Lender/Client Cory Markham
Weld
Address
State
CO Zip Code 80546
Damage to DW in bath
Rec Room in bsmt
Utility room in Lower level
Produced by ClickFORMS Software 800-622-8727 Page 30 of 37
July 14, 2021
Petitioner:
MARKHAM DENISE K
2217 SAN MIGUEL DR
SEVERANCE, CO 80550-2723
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldgov.com
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket 2021-2009, AS0109 Appeal 2008230161 Hearing 7/27/2021 1:00 PM
Account(s) Appealed:
R7577999
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of July 27, 2021, at or about the hour of 1:00
PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld
County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado.
You have a right to attend this hearing and present evidence in support of your petition. The Weld
County Assessor or his designee will be present. The Board will make its decision on the basis of
the record made at the aforementioned hearing, as well as your petition, so it would be in your
interest to have a representative present. If you plan to be represented by an agent or an attorney
at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an
authorization for the agent or attorney to represent you. If you do not choose to attend this hearing,
a decision will still be made by the Board by the close of business on August 5, 2021, and mailed to
you within five (5) business days.
Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10
minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide
evidence to support your position. This may include evidence that similar homes in your area are
valued less than yours or you are being assessed on improvements you do not have. Please note:
The fact that your valuation has increased cannot be your sole basis of appeal. Without
documented evidence as indicated above, the Board will have no choice but to deny your appeal.
If you wish to discuss your value with the Assessor's Office, please call them at (970) 400-3650. If
you wish to obtain the data supporting the Assessor's valuation of your property, please submit a
written request directly to the Assessor's Office by emailing assessor@weldgov.com or sending a
fax to (970) 304-6433. Upon receipt of your written request, the Assessor will notify you of the
estimated cost of providing such information. Payment must be made prior to the Assessor
providing such information, at which time the Assessor will make the data available within three (3)
working days, subject to any confidentiality requirements.
Please advise me if you decide not to keep your appointment as scheduled. If you need any
additional information, please call me at your convenience.
Very truly yours,
BOARD OF EQUALIZATION
Gee
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Assessor
August 5, 2021
Petitioner:
MARKHAM DENISE K
2217 SAN MIGUEL DR
SEVERANCE, CO 80550-2723
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldgov.com
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket 2021-2009 Appeal 2008230161 Hearing 8/5/2021
Dear Petitioner:
On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and
acting as the Board of Equalization, pursuant to C.R.S. §39-8-101 et seq., considered petition for appeal of
the Weld County Assessor's valuation of your property described above, for the year 2021.
Account # Decision
The Assessment and valuation is set as follows:
Actual Value as Actual Value as Set by
Determined by Assessor Board
R7577999 Stipulated - Approved
Stipulated Value
$658,722 $580,000
A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30)
days of the date the denial is mailed to you. You must select only one of the following three (3)
options for appeal:
1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of
Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board
will be the last time you may present testimony or exhibits or other evidence, or call witnesses in
support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to
the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your
hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate
court.
All appeals to the Board of Assessment Appeals filed after August 10, 2021, MUST comply with the
following provisions of C.R.S. §39-8-107(5):
(5)(a)(I) On and after August 10, 2021, in addition to any other requirements under law, any petitioner
appealing either a valuation of rent -producing commercial real property to the Board of Assessment Appeals
pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall
provide to the County Board of Equalization or to the Board of County Commissioners of the County in the
case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable:
(A) Actual annual rental income for two full years including the base year for the relevant property tax year;
(B) Tenant reimbursements for two full years including the base year for the relevant property tax year;
(C) Itemized expenses for two full years including the base year for the relevant property tax year; and
(D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject
property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for
two full years including the base year for the relevant property tax year.
(II) The petitioner shall provide the information required by subsection (5)(a)(I) of this paragraph (a) within
ninety days after the appeal has been filed with the Board of Assessment Appeals.
(b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the
County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an
appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's
request, the following information:
(A) The primary method used by the county to determine the value of the subject property; and
(B) The rates used by the county to determine the value of the subject property under the method identified
in accordance with subsection (5)(b)(l)(A) of this section.
(II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b)
shall redact all confidential information contained therein.
(c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this
subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move
the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for
noncompliance with such order. The motion may be made directly by the County Attorney and shall be
accompanied by a certification that the County Assessor or the County Board of Equalization has in good
faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action
by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c)
and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders
in regard to the noncompliance as are just and reasonable under the circumstances, including an order
dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer
shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest
shall resume as of the date the contested information has been provided by the taxpayer.
Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be
mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to
you.
The address and telephone number of the Board of Assessment Appeals are:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, Colorado 80203
Telephone Number: (303) 864-7710
Email: baa@state.co.us
Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the
first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent
must pay a fee of $101.25 per appeal.
OR
2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the
District Court of the county wherein your property is located: in this case that is Weld County District
Court. A hearing before The District Court will be the last time you may present testimony or exhibits
or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is
further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado
appellate review and C.R.S. §24-4-106(9), govern the process.
OR
3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this
option, the arbitrator's decision is final and you have no further right to appeal your current
valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following:
a. Select an Arbitrator: You must notify the Board of Equalization within 30 days that you will
pursue arbitration. You and the Board of Equalization will 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 (i.e. Weld) will select the arbitrator.
b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the
date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of
Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator
has the authority to issue subpoenas for witnesses, books, records documents and other
evidence pertaining to the value of the property. The arbitrator also has the authority to
administer oaths, and determine all questions of law and fact presented to him. The
arbitration hearing may be confidential and closed to the public if you and the Board of
Equalization agree. The arbitrator's decision must be delivered personally or by registered
mail within ten (10) days of the arbitration hearing.
c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the
Board of Equalization. In the case of residential real property, the fees may not exceed
$150.00 per case. For cases other than residential real property, the arbitrator's total fees
and expenses are agreed to by you and Board of Equalization, but are paid by the parties as
ordered by the arbitrator.
If you have questions concerning the above information, please call me at (970) 400-4226.
Very truly yours,
BOARD OF EQUALIZATION
C dzYin.,& `C�eOrcG
Esther E. Gesick
Clerk to the Board
Weld County Board of Commissioners
and Board of Equalization
cc: Brenda Dones, Weld County Assessor
Hello