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Home My WebLink About20193188.tiffAugust 6, 2019 Petitioner: BARTON JONATHAN M 2596 COUNTY ROAD 10 ERIE, CO 80516-8603 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3188 Appeal 2008224821 Hearing 8/5/2019 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 2019. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R1079496 Stipulated - Approved Stipulated Value $516,000 $507,000 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, 2019, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2019, 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 subparagraph (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) All of the underlying data used by the county in calculating the value of the subject property that is being appealed, including the capitalization rate for such property; and (B) The names of any commercially available and copyrighted publications used in calculating the value of the subject property. (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 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 fess 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 Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number RI079496 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: Jonathan & Lisa Barton 2596 County Road 10 Erie, CO 80516-8603 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2019 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: 24860-C7 L7 NE4 16 1 68 AKA CARLSON SUB 2. The subject property is classified as Residential property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2019 : Total $516,000 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2019 actual value for the subject property: Total $507,000 5. The valuation, as established above, shall be binding only with respect to tax year2019 . 6. Brief narrative as to why the reduction was made: New comps. 7. Both parties agree that: mThe hearing scheduled before the Board of Equalization on 7/29/19 at 3pm be vacated. nA hearing has not yet been scheduled before the Board of Equalization. t c2019- q 31fe DATED this 18th day of July 2019 Petitioner(s) or Agent or Attorney Address: 2596 County Road 10 Erie Telephone: 3039442623 Docket Number R1079496 Stip-1.Frm Assigtant County Atto ( ) Y for Respondent, Weld County Board of Commissioners Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone:(970) 336-7235 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 Thank you for submitting an appeal to the Weld County Board of Equalization. We will review the information submitted and you will receive a date to appear before the board. Contact Information: Contact Name: Jonathan Barton Contact Email: Lisabarton23@yahoo.com Contact Phone: 303-944-2623 Appeal Submitted: 07:21 PM July 15, 2019 Appeal submitted for: R1079496 - BARTON JONATHAN M 2596 COUNTY ROAD 10 , WELD Legal: 24860-C7 L7 NE4 16 1 68 AKA CARLSON SUB Reason: Value Too High - We had our property appraised for a home loan in october of 2018 and this was the value. Estimate of Value: $460,000.00 Document(s) Submitted: Account: All Accounts - image2.jpg Account: R1079496 - R1079496_INITIAL PROTEST.pdf Account: All Accounts - appraisal pg 1.pdf Account: All Accounts - appraisal pg 4.pdf Account: All Accounts - appraisal pg 2 .pdf Account: All Accounts - appraisal pg 3.pdf Account: All Accounts - appraisal pg 5.pdf Account: All Accounts - appraisal pg 6.pdf Account: All Accounts - appraisal pg 7.pdf Account: All Accounts - appraisal pg 8.pdf Account: All Accounts - appraisal pg 9.pdf You have selected the following Date Preferences: Thursday, July 25, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, July 25, 2019, from 1:30 p.m. to 4:30 p.m. 44 -Monday, July 29, 2019, from 3:00 p.m. to 4:30 p.m. Tuesday, July 30, 2019, from 1:30 p.m. to 4:30 p.m. Thursday, August 1, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, August 1, 2019, from 1:30 p.m. to 3:30 p.m. The Appeal process can take several weeks for us to complete. You will receive a written decision on your appeal within five (5) working days of your hearing. We thank you for your submittal. Weld County Board of Equalization 2019-3188 Aso to3 Thank you for submitting an appeal to the Weld County Assessor's Office. We will review the information submitted and if we have questions we will contact you at one of the following: Contact Information: Contact Name: Jonathan Barton Contact Email: Lisabarton23@yahoo.com Contact Phone: 303-944-2623 Appeal Submitted: 03:17 PM June 01, 2019 Appeal submitted for: R1079496 - BARTON JONATHAN M 2596 COUNTY ROAD 10 , WELD Legal: 24860-C7 L7 NE4 16 1 68 AKA CARL ON SUB Reason: Value Too High - We had our property appraised for a home loan in October of 2018 and this was the value. Estimate of Value: $460,000.00 Document(s) Submitted: Account: All Accounts - image2.jpg The Appeal process can take several weeks for us to complete. We will mail a decision on your appeal by June 30th for real property and by July 10th for business personal property and/or oil and gas. We thank you for your submittal. Weld County Assessor's Office (970) 400-3650 CleurCopitol" Limited Scope Appraisal 5660007666 Loan # 5660007666 File 5660007666 intended Use: Data Sources) Used: xl Portfolio Evaluation Tax Records Properly Address 2596 County Road TO ❑ QC/Audit ❑ Junior Lien O RE0/Foreclosures Other ❑ Appraiser Fires ❑ MLS Other. _ Pep SUBJECT and CLIENT INFORMATION County Weld Legal Description 24860-C7 L7 NE4 16 1 68 AKA CARLSCJN SUB Property Rights Appraised Fee Simple Property Type _ .SFR/PUD Condo Lender/Client JPMorgan Chase ■ • Unit # R.E Taxes $ 2,286 Leasehold MI Other: ❑ 2-4 Multi Family El Other. City Erie HIGHEST and BEST USE s _ Restricted Appraisal Report, State CO Zip Code 80518 Owner/Borrower Jonathan 8. Lisa Barton /Jonathan Barton Tax ID #IAPN# R1079496 ❑ Attached ! Detached Is the Highest and Best Use of the subject property as improved (based on the improvements description provided by the various data sources, available) thepresent use'? es Mn If no, describe. � ❑ Specific Zoning Classification AG Zoning Compliance: I,1 J Legal U Legar Nonconforming II No Zoning Illegal describe) MARKET AREA ANALYSIS One Unit Housing Trends in Market Properly Values ❑ Increasing Stable I1 Declining Demand/Supply — Over Supply Marketing Time Under 3 rnths M, 3-6 mths Over 6 mths Shortage D in Balance • Zoning Description: Agricultural One Unit Housing in Market PRICE $(000) AGE (yrs) 200 Low 0 1,215 High 486 112 Prod. 20 My opinion of a reasonable exposure time for the subject property at the market value stated in this report is: Market Comments See attached addenda, 1 Property features Address 2596 County Road 1D Erie, 80516 Proximity Data Sources Subject 0-30 Market Area Characteristics Location II Urban Built -Up MI Under 25% Growth © Rapid Suburban ❑ Rural 25-75% U Over 75% Stable ® Slow SALES COMPARISON ANALYSIS Comparable #1 Comparable #2 6$21 Aggregate Blvd Erie, 50516 2.90 miles N County Records IList Price Sale Price $ 4172 York St Dacono, 80514 2.50 miles E County Records, MLS County Records; MLS Comparable #3 3354 Holly St Erie, 80516 2.90 miles NE County Records; MLS Sale Price/Gross Liv Area j VALUE ADJUSTMENTS Seller Concession Sale Date DESCRIPTION MLS# / DOM 0 /sq. ft 414,900 $ 425,000 290.30 /sq. ft. $ $ 435,000 437,000 312.14 fsq. ft. $ S 419,900 430,000 DESCRIPTION $ 0; Cony 10/22/2018 (-} Adjustment DESCRIPTION n/a Location View Site Area fsac N;JRes; nla Metrolist# 6 N;Res; $ 0;FHA 02/28/2018 +(-) Adjustment 258.72 /sq. ft. DESCRIPTION $ 4; Cony Ad ustment 08/28/2018 N;OpenSpace ' N;OpenSpace 77 ac Actual Age (years) 22 20 Condition Above Grade C4 Total Bdrms FB/HB Room Count 5 2 2 Gross Living Area (GLA) Basement 1.285 J 0 sq. ft. +55,000 a Metroiist# 3 Metrolisttt 23 N;Res; N;Res N;OpenSpace N;OpenSpace 5.72 ac -9,400 5 ac 17 04 C4 Total 6 Stigma 3 FB�'HB 2 0 88 C5 a Total Bdrrns FB/H8 6 3 2 l0 1,464 sq. ft. 1288st0stin 1456sf0sfin 0 Total 6 -6,900 1,400 sq ft 1,700 0 st @Arms 3 FB/HB 1 I0 -4,400 1,662 sq. ft +12.,900 Garage/Carport 5 Driveway 6 Driveway 0 3 Car Detached Pool None None 0 sf Basement sf Fin 0 st BarnOutbuildings Outbuildings Barn Modular Design Modular Net Adjustment (Total) -9,000 676sf0slin 10 Driveway 0 st None I-20,000 None 0 si None +25,000 0 -14,600 +6,100 0 +20,000 Manufactu red 4 Frame 46,404 + • 10,100 ®+ ❑ 41,500 Adjusted Sale Price of Comparables Net Adj. 10.9 % Gross Adj. 15,0 °, , Net Adj, 2.3 110 $ 471,400 Grass Adj. 12.7 % 447,100 Net Adj. 9.7 Gross Adj. 16.4 04 471,500 LISTING and TRANSFER HISTORY The Appraiser has researched and analyzed the listing history of the subject property for the last 12 months. Subject Property � Currently Listed l f Listed in the past 12 months Q Not Listed in past 12 months Listing History List Date List Price Days on Market (DOM) $ S The Appraiser has researched and analyzed a 3 year transfer history of the subject property/ 1 year history for the comparables. Transfer History Subject Comp 1 Comp 2 Date/Amount 01/15/2016 $ 345,000 $ 0 $� $ _ (Use the Summary section below if additional room is needed.) SUMMARY 02/19/2018 Comp 3 $ COMMENTS (including reconciliation of sales comparison data and comments on listing and transfer history(s). ) See attached addenda. Opinion of Market Value $ `/!60000 The above opinion is subject to: ■ Hypothetical Conditions ands"or I Extraordinary Assumptions cited on the following page as of 1D/23/2018 Al Ready w 566'0007666 Loan # 5660007666 File # 56500076E-15 Restricted Appraisal Report � Y . Property features Jen"., v; � Subject . SALES Ol AlliON ANALYSIS Comparable#4 Comparable #5 Comparable #6 Address 2596 Canty Road Ede, 80516 102574 County Road 12 Erie. 80516 '947 Erie, Mountain View Dr 80516 Proximity 1.02 miles N 2.22 miles SE Data Sources County Records County Records; PALS County Records: MLS # $ 4V5,000 $ 5f: uJ.J 4j :1 List Price Sale Prue s 4 BCC 000 $ � $ 549 SOD ;-: €�x.£:.:::� iiiiiiEEE`C'. . $ Sale PncelGross Liv Area a sqj. ft. 3 450.3C isq. t - ,�.s : 324.62 +SC's.. `:, Y :sq.1♦. VILA VALUE ACJIlSTME \TS D Cf P FION DF!W.RIPT'ION +(-).Adjustment i:I.SC:IIl-' Z ION F(-).Adtustmant I )i t'f.'HP - CPI F -i Ad ustmpnt Seller Concession I $ C. $ 0;FHA $ Listing $ Sale Date GWJB:�'E018 i MLS# l DOM - nla n/a. Metrolist# 3 ` Motrollst# 18 N;Res; , N;Res; 3 N;Res; Location View N;C0penSpace N;C0penSpace i � N;O,pcnSoace Site Area :i an 1.92 ac +40,000 1.13 ac +50,310 22 46 126 r,v:'aal Age (years} C. e. r. (-Minn 04 = C4 1 • G3 50,00U : Above Grade Total Bdrms 78 Ha Toro 5drms FBI' HE 'Total Brms FE I HB ` 0 , Tu:al Bdnrrs FE. + S Room Count 5 2 . 2 1 0 .5 2 1 0 18 =.5 . 2 o_ I Cross Living Area (Lz) 1.288 sq, ft. 1,081} sq. R_ +8.100 ° 1,694 sq. ft.' •15,80'3 sq. ft Basement 128Bstt}stin 1080stoslin +2,100 i 14staf i 1 r 5slin -1.7x00 Garage/Carport 5 Driveway 3 Car Detached -9,000 3 Car Detached -9.000 Pont . None None None 0 sf Basement sl Fin 0 sf 1165-sf -16,300 BarnOutbuildings I Outbuildings Loaf Stied +15,000 Barn 0 Modular Modular I Design Frame 0 Net Adjustment (Total) € - E $ 61,200 13 -42A90 + O - + O [] + E3- . Adjusted Sale Prica of Comparables Net Adj. 12.6 % Gross Adj. 16.2 % $ 547.200 Net Adj. Gross Adj. 7.7 % 26.0 % 1$ 507,41C Net Gross P4. Adj. , `.ki The Ancraiser r a = -- F i-'- Transfer History Gcte;Arnount r -:r 01;15/2016 rf i and :. .3 : <II .....: _',- ._„c.'ca. analyzed a 3 year Subject $ 345.0'0:1 transfer I 101111 history i,ix p h. <' of the subject .. , ., �... Comp ..... property/1 4 S _ .. i -c 0 ... year .... history .......... � for 3 3�'3 the { �. i i t#a. Fx4.n..-., cornoarables_ I z � tr ai Comp -i s a �._.' q :..... $ _ 5 -.i.:,.,.,.. 0 3E � , : _� :,..te. .. _..-.....?.ih:x<?.r#IYi(F ( t I ER i Er..1-.::, (. -' E �; Comp $ 5 $G S $ - $ include for INTENDED intended INTENDED This properties: This conditions, and material EXPOSURE consummation Extraordinary appraiser's section Hypothetical hypothetical PURPOSE: The The The RESTRICTED The understood DEFINITION Market buyer consummation form is designed commercial appraisal and limiting conditions, any additional alterations opini:ns below. purpose the use by intended for intended Restricted property value and seller report TIME: Conditions: condition of the USE: use any USER: user OF means is certifications. to estimated of a sale Assumptions: or this appraisal lender/client of this other of this APPRAISAL Appraisal without MARKET the each of a sale to report an properties, subject to Modifications, and certifications research or this appraisal length at market Extraordinary conclusions, (A hypothetical may affect is to identified appraisal use. report is REPORT: Report additional VALUE: most probable acting prudently as of a specified appraisal the analysis value the estimate report the option of a one co-operative units, following scope additions, are not permitted necessary report are permitted. of time that the on the effective assumptions No extraordinary condition assignment results.) the market in the report. is for internal client_ No other limits the use information price which and knowledgeably, date and is in a the four and of or based property assumptions that asset intended of the property passing value this unit work, deletions date appraiser's vacant without presume residential intended on the interest of the which of the evaluation users report should and assuming of land. to express is to title the complexity appraisal. as were contrary real are the workfile. being fact bring from property. use, intended intended authorization appraised otherwise made to property by the permitted. client. in a the price seller of this as what that lender/client The competitive to This form user, use, intended by appraisal • would uncertain part of this exists, is the appraiser's is not affected buyer under is definition the have appraisal but subject related and nut user, client. assignment. information. is opinions open conditions to be of defiriitiurl The been asserted of this to their market by undue used when market value, of appraiser Additional offered on which, assignment, by the report based specific and conclusions under stimulus. whereby: appraising statement market may the if found unless appraiser use all Implicit 1. certifications market on cited conditions buyer value, expand to otherwise for a sales on set the prior be the Page forth in this and of statement the false, requisite following assumptions that to purpose comparison in the definition seller types of assumptions scope of do not the hypothetical could alter stated in the of analysis. analysis 1. This report report to a are are typically of and limiting work to constitute the comment is cannot fair sale, the Any solely not be the motivated: exposure represents the sale. Appraisal 2. both parties in the open the normal (source of Market Foundation, effective market: consideration are well 4. Value Definition: January informed or well payment is made for the property Uniform Standards 1, 2014, page A-105) advised, in terms sold unaffected of and acting of cash Professional in what in U.S. dollars by special Appraisal they consider their own or in terms of financial or creative financing or Practice and Advisor Opinions best interests; 3. a reasonable arrangements comparable sales concessions granted 2014-2015 Edition, Appraisal time is allowed thereat;. and by anyone associated Standards 5. the Board, for The price with Ai Ready 5660307666 CIearCapitaI' Limited Scope Appraisal Loan# Z660007( t=ile # E660007666 Restricted Appraisal Report intended Use: K Portf:Dlio Evaluation ❑ CC/Audit N ,iur'Icc Lien RED/Foreclosure Other. Data Sources) Used: K Tax Records .A.ppralser Flies • MLS �4,4 Other. PCR 'SUBJECT Property Address 259%,courty Road 10 and ...CLIENT Ln:t # IRI<f!-;.. City Ene r.~.•it .. .. O State COI C Zip Code 80516 County Weld R E -i x:es 3 ?,2P6 Owner/Borrower Jonathan & Lisa Barton /Jonathan Barter Legal Description 24860-C7 L7 NE4 18 1 68 AKA CARLSON SUB Tax ID /NAP f # R1079496 Property Rights Appraised E Fee Simple ❑ Leasehold ❑ Other Property Type I $FRi?UD 0 Condo ❑ 2-4 Multi Family ❑ Other ❑ Attached ix Detached -ender/Client ,JPMurgan Chase is the Highest and Best Use of the subject property as improved (based on the improvements description provided by the various data sources available) the present use? Riles ❑ No if no, describe. Specific Zoning Classification: Ake Zoning Description: Agricultural Zcnin # Compliance: K Legal ❑ Legal Nonccrnfarrring ❑ No Zoning ❑ Illegal (describe) iii . i,CfT? '.- i.._tr.x"..r£ S:' One _ {S 4. { Unit r .. " Housing 3 < :. Trends in Market .22 Y mum%A PRICE .... ' One Unit 2(000) EA ANALYSIS Housing in Market AGE (yrs) ;.: iI 1. r i i r I i [ . .. .. • Market Area Characteristics Property Values ❑ Increasing 73 Stable ❑ Declining Low Lnration ❑t/fian nSuburban leRural 2 a 0 Demand/Supply X Shortage ❑ In Balance ❑ Over Supply 1,215 High 112 Built -Up ❑Under 25% K 25-75% ❑ Over 75'•:: Marketing Time K Under 3 mths ❑ 3-o mths ❑ Over 6 rnths 486 Pred. 20 Growth ❑Rapid K Stable ❑ S Iow My opinion of a reasonable exposure time for the subject property at the market value stated in this report is: 0-30 - - - - Market Comments See attached addenda. ir- ri Property `l features to ail iiiiiitlkea. ��₹it is i 0: Subject SALES COMPARISON Comparable #1 ANALYSIS Comparable #2 Compa ra ble =3 Address 2596 Erie, Caurty 80518 Road 10 6821 Aggregate Blvd Erie. 80516 4172 York : Daccorio, SI 805 14 ` 3354 Lne. Holly 80516 St Proximity ij$ t 2.90 miles N 12.40 miles E 290 . _. miles NE Data Sources County Records t Cnurty Records; MLS j County Records: MLS : County Hc•ccrds: MLS List Price -- .. 8 fi fi .-£ ry 3$ �` q �1 , y�y $ 4 74,900 Q $ 435,000E 1 rt f5 Pf, I . I fy}E IE $ 419,90.7 11 1 II Sale Price 5 [ --. _ T ; 1 e 425,000 G C .. ; _ $ 437. CC £I !' f4=2,C.:;:: Sale Price/Gross Lip, Area S r /sq. ft $ 290.30 rsieE° z 4 S}ti +•sq. ft. °�r1iiVt'}i $ 312,14 r ,sq. f:. r - S 28.72 /sq. ft. %/AI UE AC .U8 T VIENT`r :ESCFP-Ms, DESCRIPTION +i;-) Adjustrn nt CESC RPTIO\ + - Ad user -e-► ::IESCRIP T CH +r -j Adjustment Seller Concession i $ 0 $ 0; Cony IS U;FHA $ 0: Corry Sale Date 10/22/2018 02;2812018 oa'ZBJ2O1B MLS# 1 DOM r,ia r1a Metrolistj 8 r Metrclist# 3 Metrolist4 23 Location N;Fles; l'J,Re, I N,Res; N;Res; View N:GpcnSpace N;OpenSpace I N;CpenSpa.ce N;4penSpacs Site Area 5 a+:: .77 ac +55,000 6.72 ac 1 -9,400 5 ac Actual Age (years) 22 : 20 0 17 0 88 U Condition 04 . C4 C4 R I C5 +25,000 Above Grade I Tait] 9>;t,.7.s 'FBI HE Total t&drms I FE ' H1= !_r ,T t31 3-rms FE i HE 1 0 I Tutu' Bdsms F8 / He : .. -- 0 Room Count I 5 i 2 2 1 0 6 , 2 2 [C i E. 2 0 6 3 1 0 Gross Living Area (GLA) 1,238 sq ft 1,464 sq ft.. - -61-2 0 ' 1,400 sq. ft. , -4,400 1,662 sq. ft -14,500 Basement 1283s10sfiri 14.56steslin - 4,700 0 st -12.900 675sfOsf ri +6,100 Garage!Carport S Driveway 6 Driveway 0 3 Car Detached -9,000 I 10 Driveway Pool None None None Nc' s fi sf Basement sf Fin 0 sf 9 0 st 0 st _ BarnOutbuildings Outbuildings Barn 0 None +20,DD0 Nore +20,000 Modular Design Modular Manutactured 0 Frame _ 0 Net Adjustment (Total) + - S 46.4001 + - $ I D,100 +. ❑ - $ 41.500 fl it fl n Adjusted Sale Price C Net Adj. 10.9 % Gross Adj. 15.0 % 4 7 - 1 Net Adj. Gross Adj. 2,3 % 12.7 % $ 447,100 Net Adj. 9.7 Gross Adj. 16.4 S 471,500 of omparables .400 . s9. i is , c '�'.:;2: �!{y�}r r,I - ac ...:.:_...:::_ L 1, LISTING ....n.... _:,b: 1-11..,(Gif'ry Gs- .�3 ₹3.,,r i '�s7 �� ≥ rL}cF:::::.-`,..co-.... The Appraiser . <3. .- has r. researched s"_.. :• ..t y and . ;:..... .. : ...... i '7.:: analyzed the listing ii ., Viii history .i ..�..... of .. - ....... ..., ... bz.€ktai the subject par,per r to- the last 12 months. d� 't• .i,:- :,,,,, ... - .. s'- Subject Property ■ Currently Listed I Listed ;n the past 12 months F Not Listed in past 12 months Listing History List Date $ List Pr ic:e. Days on Market (DOW; S The Appraiser has researched Transfer History De tetArnount and analyzed a 3 year transfer Subject 01,116/201e 5 345,000 history of the subject property/1 year history Comp 1 $ C for the c'on-fa rahlus C:irrsl:: 2 n2/19/2018 $ : Camp 3 : =. SC. $ $ _ (Use the Summary section below if additional room is needec: ) :. (:'r. i�:ti' x�5k•' ,. .t �( nYr, L £:<:" EiY: . . :Ix "e^ �. '{...- a> SSA > io= ,::: a 3�€ i• ai �.-.nik“:�l _. :. - -.: r I AR '4+ ,: _: jrri ii r Ii : j -x IE L�.iiryw C✓:^M COMMENTS (Including ,J11•I!Illit.itjE1 reconciliation . of sales comparison .,i..i .- .. data and comments on listing and transfer history(s).) See attached addenda. Opinion of Market Value $ 460000 as c f 10/23/2018 The above opinion is subject to; • Hypothetical Conditions and/or klExtraordinarr Assumptions „ted on the co lowing page. Al Ready :"660007666 Pse' CleorCopitof File No_ 5650007566 Exer or :POI - Property Condition Inspect. c,:n 2:3D$ County Road 10 Erie,co ACF 1 S Address Borrower Loan Number 2596 Cminty Name JONATHAN 5660607666 Road 10 Erie LIAR ION Inspection County Weld Date 2013-10-23 Cv 80516 Delivery Date 2010-10-24 Order Property ID ID 59a5613 25540016 Order Trac king ID . ... ..;.,........-N.wMr5,.R.e...t..yr.-.a.<>r TJe Oct 16 13 9:CCA - Tae Oct 16 1 B! -12:00P v..'.,...-,, ".„4-4V..-.N.-k@s+.M---,- eu!-c4c+ ,...„,.. 's,„,.. Catch Tracking ID 1 20181015-2334-1 Tracking ID 2 . ..'\w.,.biH'av:.'i.Iissr..., sanViv.a... ........................e.....».....:,.....«r»...............:......»r. V..w........nw.n...........w..w.,n-..-..-..«.mmv...«..., c ..r .�,<n nrcnx,v..rne.r> �....-.. z+eaev Tracking ID 3 tt m,n .. :, : Subject Front - .. .. ... .... llds.,..,:A•[............,—...,,...w C6'H'tN[F'. Potential Risk Summary 11- a-s+.v. w_nw n ..... .nvr»H.•rr�. Potential Risks Exist . ♦..so.. V.w♦ 1 £ T€ s2 # C (�('.�C :4 k 2 xs 4 < ii 2 S ?C x>>��l r .. F. �• . ,- SS 2 # GG 4Y;4EF15kF`i #`L`3 I��It E+t 'i ti y�£3Q,� t` -cv'$1L i •. •Sp;.tyF '4J� �s�D X}�4YL}}`9li -L$ `` i #t €>:e { :,,v � if y�1at i4 q �EE3`fia: y si - d 1 f 1 F - ` a 5 f z �� 'e Ei Ei:io : Y{f' , S. t�. j:s', I. tc;. f`.,T < ldi S] '. E tfe#EF < €r€2Lf€€€ i ]-_ jv"}i C � li s t ?1} i• LIE ff5 ,# F y`' 1 I #' LLS)€wf i}4 �_ E i, }p ._ ��S •, r £ < 6.£. T.'J:A i;i �� T SF f S3:F cc �'fy mI 'C ,' �' ; 3� < mot" • Sl 4't <,;£ ;W.. '6._ r r4g < �"� t 1I .I1, t .�, l t k._ s roj I 1 .-Arg:.e...--“,a...n.+...,-n-r....+4.-n4-.:.-:—.,e-...—,....rac...-...---.._...w.-,�-..i........_.....V...n.......i .. no ~ Sablect toes.' rot contorm to the r��e•igtiborhoodyNeciative externalities exist .......s_... ......w. > 4.14 ; SSz - :4 yk L 033 e : %S y x a' ... .. 1 �' ' t Y I Subject In `o mid 1; : yn r L<£ “• Property Type • SCR i-S h:C PA1-4,- HaSYRMYCJi4.4YN1 Li.i)tl&)<ilfiiiplai oak tuna.4}i?tew,in<Y Est. Ext. Repairs nil...Y:iiC1.•i..i9ti....iv«rr...._s.:-4....avSe.. is r Vi-..:._ Costs I50 Current Use Cing!e family _ ».i..._... r :.ivs nv.a.e , a........ eay. eu:• .<n. ..: .. _uyac-»_+.q.r.�y... �.nv,.• -r+. r. Occupancy .... Occupied -a Projected Use Single v. _...r q..l. family Zoning Type Rural Res�cenhal ....-.. .........�4...._ n....._ .. _. _... �.._ ... �.: h y� I : 1V �� ::E ...... ..... 1 : y.�8 +��y E];,...E. •. : ::: :: ;: : J : :. i'Ir _.:. r,: .:.. of r r' ..... .... t'. z y � : s .. . .. �., ., ' ; : ate• .... i C ' . : ' 3 #'£ fi �� cc. -.. %•':c � '5i::�:�C �..}£}£:#E'�`�< .� ?.t3LL�# €yy .yy1.'5 i-iyf'ipp11 #. ..a ES •tx{'.i...,i�:Vr, i.1. # t. c� '9'3�'r'7s'^.. `II knit -i' �. Il 1 is t . �:, .•f. (j 1 � �� (t .f � II � 1 :#..:.. i• �':• ' Subject Condition i. ::..ti:o:i/.. fS.-1.-1 1.1,.:.... Z.: Ci.C.Aa a.::441 <r C.6.ac...:.Li.F2.VXJyN{.1'.HLtiili{-}&)...JV.Y4:.V.KiiSaTi}i:.YfiwAi Good • _. ..:e.�. Significant Repairs Needed .-..+....». on.; r.Y•._1. <.....•%n V}\. J cin hJ'4 4.CVCRFLO.^.' '.SEE "ALDE Er IONAL FIELD I hXT ADDENDA" " e.epnr.-.•+�..-eVa+O...w<-.rvwV VeV.w.rMwN..+wWw+.y.._.Y.r.wru0.vr•✓.a..al •••. •.• .. ., .V1t .. ... ..:. .. •w{+N-.—..L'dKf3+h2•i.H Current Zoning Violations / Potential Zoning Changes ... _... - __.. ....... .. -_.-...•,....«.....«..».....».......».»......... 1LL:}--•.-. Ws.a _.._ _:r' _. v: ::-.. - �<'1 ... {••_: ..:..• Vy... H:iLYf\'J 4d.1!\If No None known by agent ...;.. Subject (Quality, ..... Conformity to the Neighborhood Age, Style, & Size 01:01,0.41.3.:H✓/:v.4::iu .:.\•.....„w.+•„-....... .- .......... _... - ._. _ ... _ ., .. ... .... .... _,.. .. ..1 ..... .w..-..,.. ... - Yes Rural area ot detached single family harries varying in charac:teristibs -.+.:v::•vw.C4.rr.::..: -.-... -: .:TK.rie-.. -e -t:. •. . ..._:...:Sri:::rtv:LNC.aihe1.<i.:i.<ra\.:..:-.<i.<Y Average Condition of Neighboring _.ww.... rn.N w}• -.M./1 .-..••.•F. :.:v]JAi:iR'•r .-. t_. +ve» ea,.. .. .. :.- . • .. . . .... . .... ... .. Y :..- .•-.J.. y+VCS•/.ofror WVJi0�CJW RCAYK?N'KCY.CMK<YWi.GY.CIXN<W%`r:MJCO]N.LQO1:cracwY<tfit(If.Y'.K}F IVM' PS' PSIts\glnt Milli }fl it Properties Good Otter homes in the area apooar maintained overall r•....".».•»�,.:y\..y,IMAa'ft..YULLY.l1.\.�-Lulu.YW...�.W...wl�.��.✓'ti..4pYau....4 ..w:.. .... .......-....w•rM•+... •..u.WV", ... .w: .v..+ WUIlVIir. Negative Externalities ...�..:.n. n.. -.. �••.-t1Y2.\Y.VNd r'q.i::...i}iin'Y..4 .: v..... .. -... e-,.-, ..�. —.n a.m-an...no...nl»W. . v Electrical transmission lines run e org the ncr:n/front edge of the property lot. fl , ,r .,r.r r -... . . Positive Externalities �....�.. a...-. _a-._ . n - ».V.._.._ ,.........•,._._.............•..:n....._.._...._........_.....:,....... t..� _ L;:. . _. .....-.._... .. _....... ,•r »..._..... _.. n, Yes Has distant mountain views t:5 the west - is ,.: :. .. _.. ..:. I1. A ent,Bro#cerirrftfnrllatiori .:. .:.:.. 2'....... ... - a .'. :.:.-<o ti :;::c :.:.... .. <,; .... .c fro- :::i. >-. c <<�. �..aa< .,.. ,. _ ._ .M1•F'LYf -'i u: _:.... t: w-. Ei •2:Pj j Sa_ I: a pp £2...... i,F 3;:g,}.�.... s^1-.. vEya'i $•_ i E t T- i€i Ih _6.. 1 a. Eill t. - ". I. E i::'' :' _.ie ..._ li .. �_.,,: �al:c::9 •�. 7. 1. Ei.., t.. le .i'E < ; r,a-.,,. .L.:,3 .F .<. Ic...: vi. i• �: - x r xr-•.... .r t -.r 4".; -;-: ` :°.:i. ¢s?. .: . e...rF€ $.:.. r.. ..3.'� <. : x : �. t ?''s :'1'Y4 \.�,z-a�E"83+. . S >,- . Y:�-"r'=i:2 r 3 - - sa k a3<. 'Ilia v._W.,, 4, r i I • Name John Soot! CompanyiBrokerage SCOTT REAL ESTATE VE _ •_ •. •. •. •:.. •. aYvl+.: License _•.... _...yJ,.%Nl.i wl3i.:u4iAy/...;__..•+6is..imvr v.w.In .rnn.rn'n.•..n.r«asr»..m..r.... - ..»,._.t. u..<u.. ... .� ..., .. ..w \.. .ate. .. 4.....1. Vt...".$.4.41.;-4...4-1,.....Vow..V.,YAn..../flVflantlielYWVH.ViloStiNt'YAtibb No FA 040008598 Electronic Signature �. \'' nC+<ni..r L.:Gr.-C P.t+.Mi'\tM na' } vnrr..a+mr•..... ... ..0....�w.C.lOL SlG}tnGf.CTCne:Wa.4C.C o.tuR«.cw}C•Y•.s.slVaVµ..lWA-eN\-^".I.A.1T'..1'•••••.Ml. 1'rMIttIwily] " Al Ready 5Ce0007666 Loan* 5660D07666 File # eesoeu7666 Restricted A • • raisal Resort CONTINGENT AND LIMITING CONDITIONS: My certification is subject to the following conditions and to such other specific and limiting conditions as set forth the report. • The appraiser will not be responsible for matters of a legal nature that affect the subject property. • The appraiser assumes the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. • The appraiser will not give testimony or appear in court because he or she performed this appraisal unless specific arrangements to do so have been made beforehand. • Except as noted herein, the appraiser has not made an exterior or interior inspection of the subject property. The appraiser assumes that there are no adverse conditions associated with the improvements or the subject site. Unless otherwise staled in this report, the appraiser has no knowledge of any hidden or apparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) present in the improvements, on the site or in the immediate vicinity that would make the property more or less valuable, and has assumed that there are no such conditions, The appraiser makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser assumes that the improvements are at a minimum in average condition. The appraiser will not be responsible for any such conditions that do exist or for any engineering 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, the appraisal report may not be considered an environmental assessment of the property. - Information, estimates, and opinions furnished to the appraiser, and contained in the report, were obtained from sources considered reliable and believed to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. • The appraiser obtained the information. estimates, and opinions that were expressed in the appraisal report from sources that he of she considers reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. - The client is aware that the appraiser is licensed/certified in the state which the property is located. In addition, the client is aware that the appraiser may not have been geographically competent upon acceptance of this assignment: however, per agreement with the client they have taken steps to become competent to complete this report per client scope and intended use. CERTIFICATION: i certify that. to the best of my knowledge and belief • The facts and data reported used in this report are true and corted. • The analyses, opinions, and conclusions in this report are limited only by the assumptions and limiting conditions stated in this report and are my personal, impartial. and unbiased professional analyses, opinions. and conclusions. • I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. • I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. • My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in this review or from its use. - My analyses, opinions, and conclusions were developed and this review report was prepared in conformity with the Uniform Standards of Professional Appraisal Practice. • I have not made a personal inspection of the property that is the subject of this report nor did I make inspections of the comparable sales, unless otherwise noted. • No one provided significant appraisal, appraisal review, or appraisal consulting assistance to the person signing this certification unless they are cited below, by name, and with disclosure of the specific tasks they performed in this appraisal report. • I have performed no services, as an appraiser or in any other capacity. regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment, unless l have cited specific prior services in the area below. APPRAISER ADDRESS OF PROPERTY APPRAISED Signature: / { Name: Company Name: Company Address: 2506 County Road 10 Erie GO rJC.1 APPRAISED VALUE OF SUBJECT PROPERTY $ 46C000 EFFECTIVE DATE OF APPRAISAL/INSPECTION 10;23/2018 Date of Signature & Report: State Certification #: CLIENT or State License #: Name: JPMorgan Ci-ase State: Company Address: Expiration Date of Certification or License: Al Ready 5E6-0CL)?6eh SUBJECT PHOTOGRAPH ADDENDUM file # 56600076666 Rammer/Client JONATHAN BARTON Propetty Address 2596 County Road 10 City Erie Lender JPMorgan Chase. Comity Weld State CO Zip Code 80516 FRONT OF SUBJECT PROPERTY Zoomed in REAR OF SUBJECT PROPERTY STREET SCENE Looking ,west 535'0007666 ADDITIONAL PHOTOGRAPH ADDENDUM Fla7th 5660007665 Borrower.-;:: ir`it JONATHAN BARTON Properly Address 2606 County Road 10 Citi Erie Lender JPPMMcrgan Ohase County Weld State CO Zip Code 80516 56601.107666 ADDITIONAL PHOTOGRAPH ADDENDUM • le 56.6Cr.'107€,€ 6 Borrower/Client JONATHAN BARTON Property Address 2596 County Rt';id 100 City Erie Lender .JPMorgan Chase County Weld State CO Zip Code 80516 Front ADDITIONAL PHOTOGRAPH ADDENDUM File # s s0000?000 Borrower/Client JONATHAN BARTON Property Address 2596 County Road 10 Orty Erie Lencer JPMorgan Chase COLInty Weld State CO Zip Code 60516 566000.7666 N LOCATION MAP ADDENDUM Hie # 5660,117666 Rorrower,'C dent JONATHAN BARTON Property Address 2b06 County Road 10 City Elie Lender J Margari Chase County Weld State CO Zip Code 80516 50 'ot Cleat Capital SUBJECT: 2596 County Road. 1 at Erie, COa16 tt:9 EE�! Reacilleo #.0" .i 1 i Jy 4 .xi "1°' c f#1, # ₹ "l Yi €i.e= 'T.»*p :AL l'rn i°r'`3E!!}'2"f t r: E Mal 8 Gear Capts cOM, Inc Itmaater eMe.nw•tntF...4.-In+r-,4=.. s -t .. .. •. ,. ••.•.•. t W.”Y.MWF'tWIM1.4e r.,!cNct.”.✓Y1: .. Azge ia.�.eiitlti'•-iV i',. @2018 Mlapelpto Cit tomtwn Mapbat r....no.• .+c..••Cv.->o.c>mc>.co-..w:.wHY.,.......u-.•'yr'.r etrrt r.manMfM h." 4.44444 4.44 m: -r - .. .•.. _.. ._.. ... July 24, 2019 Petitioner: BARTON JONATHAN M 2596 COUNTY ROAD 10 ERIE, CO 80516-8603 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 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-3188, AS0103 Appeal 2008224821 Hearing 7129/20193:00 PM Account(s) Appealed: R1079496 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 29, 2019, at or about the hour of 3:00 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, 2019, 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 to assessor@weldgov.com. Upon receipt ofyourwritten 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 Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Danes, Assessor Hello