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Home My WebLink About20193113.tiffAugust 6, 2019 Agent: TOM SMERUD 2699 47TH AVE GREELEY, CO 80634-3738 Petitioner: CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www.weldqov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 ALIS RENTALS LLC C/O ANN IES RENTALS LLC 7610 W 19TH STREET RD GREELEY, CO 80634-8628 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3113 Appeal 2008224790 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. §39-8-101et 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 R3184886 Stipulated -Approved $379,141 $336,000 Stipulated Value 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 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 August 6, 2019 Petitioner. ALIS RENTALS LLC C/O ANNIES RENTALS LLC 7610 W 19TH STREET RD GREELEY, CO 80634-8628 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): TOM SMERUD 2699 47TH AVE GREELEY, CO 80634-3738 RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3113 Appeal 2008224790 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 R3184886 Stipulated - Approved $379,141 $336,000 Stipulated Value 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 CA"�IGU�• �fGZ 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 R3184886 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: Alis Rentals LLC ADDRESS: 1831 12TH AVE GREELEY CO 80634-8628 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: GR 3885 E100' L1 BLK8 2ND CRANFORD 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 $379,141 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 $336,000 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: OWNER SUPPLIED MARKET RENTS TO USEA GRM 7. Both parties agree that: IThe hearing scheduled before the Board of Equalization on 7/26/2019 at 10:30 AM be vacated. nA hearing has not yet been scheduled before the Board of Equalization. 1 02019-3//0 DATED this 22ND day of JULY , 2019 , Thomas T Smerud Thomas J Smerud (Jul 22, 2019) Petitioner(s) or Agent or Attorney Address: 7610 W 19th Street Rd Greeley, CO 80634 Telephone: 970-396-2289 Docket Number R3184886 Stip-1.Frm (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 Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R3184886/Alis Rentals Final Audit Report 2019-07-24 Created: 2019-07-22 By: Debra Jakino (djakino@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAApZeDDwJDk19f2DwVOeWhwQBGs714WYHD "R3184886/Alis Rentals" History n Document created by Debra Jakino (djakino@co.weld.co.us) 2019-07-22 - 10:13:20 PM GMT- IP address: 204.133.39.9 C'-► Document emailed to Debra Jakino (djakino@co.weld.co.us) for approval 2019-07-22 - 10:13:22 PM GMT d® Document approved by Debra Jakino (djakino@co.weld.co.us) Approval Date: 2019-07-22 - 10:13:33 PM GMT - Time Source: server- IP address: 204.133.39.9 C'-. Document emailed to TESSA GASTON (tgaston@weldgov.com) for approval 2019-07-22 - 10:13:34 PM GMT 15 Email viewed by TESSA GASTON (tgaston@weldgov.com) 2019-07-22 - 10:19:24 PM GMT- IP address: 204.133.39.9 do Document approved by TESSA GASTON (tgaston@weldgov.com) Approval Date: 2019-07-22 - 10:31:54 PM GMT - Time Source: server- IP address: 204.133.39.9 Cv Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-22 - 10:31:56 PM GMT t Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-22 - 11:53:54 PM GMT- IP address: 204.133.39.9 d® Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-22 - 11:54:42 PM GMT - Time Source: server- IP address: 204.133.39.9 C'-. Document emailed to Thomas J Smerud (t_smerud@msn.com) for signature 2019-07-22 - 11:54:43 PM GMT .5 Email viewed by Thomas J Smerud (t_smerud@msn.com) 2019-07-23 - 0:38:51 AM GMT- IP address: 74.95.115.20 Adobe Sign &S© Document e -signed by Thomas J Smerud (t_smerud@msn.com) Signature Date: 2019-07-23 - 0:40:10 AM GMT - Time Source: server- IP address: 74.95.115.20 , Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-23 - 0:40:12 AM GMT ,t Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-23 - 11:24:30 AM GMT- IP address: 97.118.66.47 654 Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-24 - 12:44:15 PM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to Debra Jakino (djakino@co.weld.co.us), TESSA GASTON (tgaston@weldgov.com), canaya@weldgov.com, Karin McDougal (weld-cboe@weldgov.com), and 2 more 2019-07-24 - 12:44:15 PM GMT Adobe Sign 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: Tom Smerud Contact Email: t_smerud@msn.com Contact Phone: 970-396-2289 Appeal Submitted: 02:35 PM July 15, 2019 Appeal submitted for: R3184886 - ALIS RENTALS LLC 1831 12TH AVE, GREELEY Legal: GR 3 885 E100 L 1 BLK8 2ND CRANFORD Reason: Value Too High - Comparable Sales Estimate of Value: $330,000.00 Document(s) Submitted: Account: R3184886 - 20190603110850.pdf Account: R3184886 - R3184886_INITIAL PROTEST.pdf You have selected the following Date Preferences: 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 2019-3113 As0 X 0 3 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: Tom Smerud Contact Email: t_smerud@msn.com Contact Phone: 970-396-2289 Appeal Submitted: 11:07 AM June 03, 2019 Appeal submitted for: R3184886 - ALIS RENTALS LLC 1831 12TH AVE, GREELEY Legal: GR 3 885 E100 L 1 BLK8 2ND CRANFORD Reason: Value Too High - Comparable Sales Estimate of Value: $330,000.00 Document(s) Submitted: Account: R3184886 - 20190603110850.pdf 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 1 Per Page - Listing Report Page 169 of 180 Elementary: Middle/Jr.: High School: School District. Lot SqFt: 8,000 Elec: Excel Gas: Atmos PIN: Waterfront: No HOA: No Maplewood Franklin Greeley Central Greeley 6 Approx. Acres: 0.18 Water: City of Greeley Zoning: RH Water Meter lnst: No Total # Units: 4 Total SqFt: 2572 Parking Spaces: Bedrooms # Units Potential Rental Income: Less Vacancy Rate: Effective Rental Income: Gross Operating Income: Property Taxes: Tax Year: Utilities: Total Operating Expense: Net Operating Income: 123 211 $40,800 0% $40,800 $40,800 $1,046 2016 $2,616 $3,662 $37,138 Cap Rate: 11.43 Gross Rent Mult.: 7.97 Units Beds Baths Bsmnt SqFt Rent Parking 1 3 1 2 1 1 1 1 1 N 1 N 1 N 1 Y $1,3002/D $900 0 $600 0 0 IRES MLS # : 835348 PRICE: $325,000 1203 11th St, Greeley 80631 INCOME PROPERTY SOLD Locale: Greeley County: Weld Area/SubArea: 10/8 Subdivision: Greeley Legal: GR 5142 S80' L8 BLK73 Total # Units: 4 Total SqFt: 2572 Parking Spaces: Built: 1885 New Const: No Builder: New Const Notes: Bedrooms 1 2 3 # Units 2 1 1 SqFt Source: Assessor records Model: Listing Comments: Great Income Property! Legal triplex with 4th basement unit and 2 car garage on a corner lot. Fully rented with new paint and refinish flooring on all units. Each unit has his own meter for electric & gas. Large unit with 3 bedrooms has been remodeled with new walls. Basement unit is vacant, bathroom has been remodeled with new tile floors. Basement unit was previously rented for $600 per month. Roof was replaced 2 yrs ago, new furnace & new sprinkler system were installed. Broker Remarks: NO MORE SHOWINGS. Seller has received multiple offers. Seller requires 24 hrs notice. Seller pays for water and trash. Pictures shown are Unit A pictures only. Sold Date: 11/09/2017 Terms: CASH Down Pmt Assist: N Concession Type: None SA: Corey Wiegand SO: Home Treasure Finders Inc Sold Price: $328,000 DOM: 7 DTO: 6 DTS: 20 720-273-2398 720-273-2398 Property Features Style: 2 Story Construction: Wood/Frame Roof: Composition Roof Location Description: Corner Lot Fences: Enclosed Fenced Area Basement/Foundation: Partial Basement, 90%+ Finished Basement Heating: Forced Air Inclusions: Electric Range/Oven, Dishwasher, Refrigerator Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Occupied By: Tenant Occupied Possession: Delivery of Deed Tenant Pays: Deposit, Gas, Electric Gross Scheduled Income Includes: Lease/Rents Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Existing Lease: Fixed Term Possible Usage: Multi Family New Financing/Lending: Cash, Conventional, FHA LA: Gabriela Perez Phone: 970-590-4971 Email: gperezcasasnoco,com Fax: 970-225-5170 LO: C3 Real Estate Solutions, LLC Broker Phone: 970-225-5152 TB: 3.00 BA: 3.00 Buyer Excl: No Contract: T For Showings: LO: (970)225-5152 Min EM: $3,000 EM Recip: Land Title Lim Service: N Prepared By: Thomas Smerud - May 31, 2019 1.19:25 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved https://www.iresis.com/MLS/awa/reports/listing?reportName=Qne_perPage 5/31/2019 1 Per Page - Listing Report Page 167 of 180 Elementary: Middle/Jr.: High School: School District: Lot SqFt: 8,531 Elec: Xcel Gas: Atmos PIN: R3140486 Waterfront: No HOA: No Mcauliffe Brentwood Greeley Central Greeley 6 Approx. Acres: 0.2 Water: City of Greeley Zoning: RH Water Meter Inst: No Total # Units: 3 Total SqFt: 3468 Parking Spaces: 6 Bedrooms 1 2 3 # Units 1 2 Potential Rental Income: Less Vacancy Rate: Effective Rental Income: Gross Operating Income: Property Taxes: Tax Year: Building Insurance: Utilities: Other: 288 Total Operating Expense: Net Operating Income: $27,600 5% $26,220 $26,220 $1,246 2016 $1,200 $2,400 $960 $5,806 $20,414 Cap Rate: 6.48 Gross Rent Mult.: 12.01 Units Beds Baths Bsmnt SqFt Rent Parking 1 2 2 1 2 2 1 1 1 N N - $850 2 / D $950 2 / D $500 2 / D IRES MLS # : 837151 PRICE: $315,000 1713 18th Ave, Greeley 80631 INCOME PROPERTY SOLD Locale: Greeley County: Weld Area/SubArea: 10/8 Subdivision: Montview Park Legal: S62 5FT N187.5FT E136.5FT L10 Montview Park Total # Units: 3 Total SqFt: 3468 # Units Parking Spaces: 6 Built: 1952 New Const: No Builder: Model: New Const Notes: Bedrooms 1 2 3 12 SqFt Source: Assessor records Listing Comments: This triplex rental has 3 gas meters and 3 electric meters. 3 furnaces and 3 hot water heaters and a three car detached garage. One unit available for showings - others to be shown after acceptable offer is received. Buyer to verify measurements and schools. Broker Remarks: There is no yard sign. Showings Monday -Friday only. Sold Date: 12/27/2017 Terms: CONV FIX Down Pmt Assist: N Concession Type: CC Points Paid/Seller: 0 Total Concession Amt: $3,000 SA: Brad Inhulsen SO: Sears Real Estate Sold Price: $320,000 DOM: 37 DTO: 4 DTS: 37 Points Paid/Buyer: 0 970-584-4144 970-330-7700 Property Features Style: 2 Story Construction: Wood/Frame Roof: Composition Roof Outdoor Features: Lawn Sprinkler System, Deck Fences: Partially Fenced, Chain Link Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Full Basement, 25%+Finished Basement Heating: Forced Air Inclusions: Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Occupied By: Tenant Occupied Possession: Delivery of Deed Tenant Pays: Deposit, Gas, Electric Property Disclosures: No Property Disclosure Flood Plain: Minimal Risk Existing Lease: Fixed Term Possible Usage: Multi Family New Financing/Lending: Cash, Conventional Exclusions - Tenants Personal Property LA: Jim Dech Phone: 970-396-9907 Email: lsmdech 18gmail corn Fax: 970-352-7859 LO: Coldwell Banker Plains Broker Phone: 970-352-7653 TB: 3.00 BA: 3.00 Buyer Excl: No Contract: T For Showings: LO: (970)352-7653 Min EM: $3,000 EM Recip: Plains Real Estate, Inc. Lim Service: N Prepared By: Thomas Smerud - May 31, 2019 1:19:25 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. https://www.iresi s.com/ MI,S/awa/reports/listing?reportName=One _ per Page 5/31/2019 1 Per Page - Listing Report Page 166 of 180 a.r Elementary: Middle/Jr.: High School: School District: Lot SqFt: 4,600 Elec: Xcel Gas: Atmos PIN: Waterfront: No HOA: No Maplewood Heath Northridge Greeley 6 Approx. Acres: 0.11 Water: City of Greeley Zoning: rm Water Meter lnst: No Total # Units: 4 Total SqFt: 3072 Parking Spaces: Potential Rental Income: Less Vacancy Rate: Effective Rental Income: Gross Operating Income: Property Taxes: Tax Year: Common Area Maintenance: Total Operating Expense: Net Operating Income: Bedrooms # Units 123 21 $34,200 1% $33,858 $33,858 $917 2016 $1,320 $2,237 $31,621 Cap Rate: A 0 1 Gross Rent Mult.: 9 25 Units Beds Baths Bsmnt SqFt Rent Parking 1 2 1 0 2 3 1 1 1 N - $600 0 / N N - $650 0 / N N - $950 0 / N IRES rviLs # : 822301 PRICE: $313,200 1404 8th St A,B,C,D, Greeley 80631 INCOME PROPERTY SOLD Locale: Greeley County: We d Area/SubArea: 10/3 Subdivision: Hunters Sub Legal: GR 2485-A L3 & E7' L4 BLK51 HUNTERS Total It Units: 4 Total SqFt: 3072 Parking Spaces: Built: 1919 New Const: No Builder: New Const Notes: Bedrooms 1 2 3 # Units 2 1 SqFt Source: Assessor records Model: Listing Comments: Tenants in units A, C & D. Agents must give a days notice for showings. Sold in AS IS condition. Unit B is available. Unit has new paint and carpet. Listed for rent at $950.00 a month. Broker Remarks: Unit C & D or on a month to month lease. Unit A lease is until 2/18/18. Unit B is vacant but is listed for rent at $950.00. Sold Date: 08/24/2017 Sold Price: $311,600 Terms: CONV FIX DOM: 37 DTO: 37 DTS: 81 Down Pmt Assist: N Concession Type: None SA: Beth Davis 303-517-3020 SO: RE/MAX Masters Millennium 303-771-9400 Property Features Style: 2 Story Construction: Wood/Frame Roof: Composition Roof Road Surface At Property Line: Blacktop Road Basement/Foundation: Unfinished Basement Heating: Forced Air, Space Heater Inclusions: Electric Range/Oven, Refrigerator Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Occupied By: Tenant Occupied, Vacant for Rent Possession: Delivery of Deed Tenant Pays: Gas, Electric Gross Scheduled Income Includes: Lease/Rents Property Disclosures: Seller's Property Disclosure, Lead Paint Disclosure Flood Plain: Minimal Risk Existing Lease: Month -to - Month, Fixed Term New Financing/Lending: Cash, Conventional LA: Diane Quigley Phone: 970-381-1857 Email: tapmdianeegma,l corn Fax: 970-356-1101 LO: True Abundance Prop Management Broker Phone: 970-352-5732 TB: 3 00 BA: 3.00 Buyer Excl: No Contract: T For Showings: LA: (970)381-1857 Min EM: $3,100 EM Recip: Unified Title Lim Service: N Prepared By: Thomas Smerud - May 31, 2019 1:19:25 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2O19, IRES LLC. All rights reserved. https://www. iresis.coni /M1,S/awa/reports/listing?reportName=One_per _Page 5/31/2019 July 22, 2019 Petitioner ALIS RENTALS LLC 0/O ANNIES RENTALS LLC 7610 W 19TH STREET RD GREELEY, CO 80634-8628 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE www weldgov corn 1150 O STREET P O BOX 758 GREELEY CO 80632 Agent (if applicable) TOM SMERUD 2699 47TH AVE GREELEY, CO 80634-3738 RE THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-3113, AS0103 Appeal 2008224790 Hearing 7/26/2019 10 30 AM Account(s) Appealed R3184886 Dear Petitioner(s) The Weld County Board of Equalization has set adate ofJuly 26, 2019, atorabout the hour of 10 30 AM, to hold aheanng on your valuation forassessment This hearing will beheld atthe Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado You have aright toattend this hearing and present evidence insupport ofyour petition The Weld County Assessor orhisdesignee - will be present The Board will make itsdecision onthe basis of the record made atthe aforementioned hearing, as well as your petition, so itwould be in your interest tohave arepresentative present Ifyou plan tobe represented byan agent oran attorney atyour hearing, prior tothe hearing you shall provide, inwnting tothe Clerk tothe Board's Office, an authorization fortheagent orattorney torepresent you Ifyou donotchoose toattend this hearing, adecision will still be made bythe Board bythe close ofbusiness onAugust 5,2019, and mailed to you within five (5) business days Because ofthevolume ofcases before the Board ofEqualization, most cases shall belimited to10 minutes Also due tovolume, cases cannot be rescheduled Itisimperative that you provide evidence tosupport your position This may include evidence that similar homes inyour area are valued less than yours oryouarebeing assessed onimprovements you donothave Please note : The fact that your valuation has increased cannot be your sole basis ofappeal Without documented evidence as indicated above, the Board will have no choice but to deny your appeal Ifyou wish todiscuss your value with theAssessor's Office, please call them at(970) 400-3650 If you wish toobtain thedata supporting theAssessor's valuation ofyour property, please submit a written request tcHssessor@weldgov corn Upon receipt ofyourwritten request, theAssessor will notify you ofthe estimated cost ofproviding such information Payment must bemade prior tothe Assessor providing such information, atuvhich timetheAssessor willmake thedata available within three (3) working days, subject to any confidentiality requirements Please advise me ifyou decide not to keep your appointment as scheduled Ifyou need any additional information, please call me at your convenience Very truly yours, BOARD OF EQUALIZATION e cuL ` r, 4,A Esther E Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc Brenda Dones, Assessor July 22, 2019 Agent TOM SMERUD 2699 47TH AVE GREELEY, CO 80634-3738 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE www weldgov corn 1150 O STREET P O BOX 758 GREELEY CO 80632 Petitioner ALIS RENTALS LLC C/O ANNIES RENTALS LLC 7610 W 19TH STREET RD GREELEY, CO 80634-8628 RE THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2019-3113, AS0103 Appeal 2008224790 Hearing 7/26/2019 10 30 AM Account(s) Appealed R3184886 Dear Petitioner(s) The Weld County Board of Equalization has set adate ofJuly 26, 2019, atorabout the hour of 10 30 AM, tohold aheanng onyour valuation forassessment This hearing will beheld atthe Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado You have aright toattend this hearing and present evidence insupport ofyour petition The Weld County Assessor orhis designee will be present The Board will make itsdecision on the basis of the record made atthe aforementioned hearing, as well as your petition, so itwould be in your interest tohave arepresentative present Ifyou plan toberepresented byanagent oranattorney atyour hearing, prior tothe hearing you shall provide, inwriting tothe Clerk tothe Board's Office, an authorization fortheagent orattorney torepresent you Ifyoudonotchoose toattend this heanng, adecision will still bemade bythe Board bythe close ofbusiness onAugust 5,2019, and mailed to you within five (5) business days Because ofthevolume ofcases before theBoard ofEqualization, most cases shall belimited to10 minutes Also due tovolume, cases cannot be rescheduled Itisimperative that you provide evidence tosupport your position This may include evidence that similar homes inyour area are valued less than yours oryouarebeing assessed onimprovements you donothave Please note . The fact that your valuation has increased cannot be your sole basis ofappeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal Ifyou wish todiscuss your value with theAssessor's Office, please call them at(970) 400-3650 If you wish toobtain thedata supporting theAssessor's valuation ofyour property, please submit a written request tcassessor@weldgov corn Upon receipt ofiourwntten request, theAssessor will notify you ofthe estimated cost ofproviding such information Payment must bemade prior tothe Assessor providing such information, atvhich timetheAssessor willmake thedataavailable within three (3) working days, subject to any confidentiality requirements Please advise me ifyou decide not to keep your appointment as scheduled Ifyou need any additional information, please call me at your convenience Very truly yours, BOARD OF EQUALIZATION Le 1(U4 Esther E Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc Brenda Dones, Assessor Hello