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Home My WebLink About20193276.tiffAugust 6, 2019 Petitioner: ANDREWS MICHAEL A 26254 HIGHWAY 392 GILL, CO 80624-9500 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 NOTICE OF DECISION Docket 2019-3276 Appeal 2008225060 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 R3331205 Stipulated - Approved Stipulated Value $785,000 $600,000 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 R3331205 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF NAME ADDRESS Michael & Christina Andrews 26254 Highway 392 Gill, Co 80624 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 PT E2NW4 21-6-64 LOT A REC EXEMPT RE -3796 ( 13R) 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 $785,000 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 $600,000 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 After further review of additional sales, an adjustment was made per market grid 7 Both parties agree that F]The hearing scheduled before the Board of Equalization on 7/25/2019 at 3 00 pm be vacated PIA hearing has not yet been scheduled before the Board of Equalization 1 O®lq -3D 7c, "So (03 Chr r,: r .i Andrews (Jul 24, 2019) DATED this 24Th day of July , 2019 Irnaltar( Petitioner(s) or Agent or Attorney Address: 26254 Highway 392 Gill. CO. 80624 Telephone: (970) 683-1350 Docket Number R3331205 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 R3331205/Andrews Final Audit Report 2019-07-25 Created: 2019-07-24 By: Courtney Anaya (canaya@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAAV2cGcRj_wMMt3MuptDB9s4zluAinjI0e "R3331205/Andrews" History In Document created by Courtney Anaya (canaya@co.weld.co.us) 2019-07-24 - 7:27:33 PM GMT- IP address: 204.133.39.9 Document emailed to Courtney Anaya (canaya@co.weld.co.us) for approval 2019-07-24 - 7:27:34 PM GMT 6o Document approved by Courtney Anaya (canaya@co.weld.co.us) Approval Date: 2019-07-24 - 7:27:44 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Luis (Imunoz@weldgov.com) for approval 2019-07-24 - 7:27:46 PM GMT Email viewed by Luis (Imunoz@weldgov.com) 2019-07-24 - 7:28:02 PM GMT- IP address: 204.133.39.9 Document approved by Luis (Imunoz@weldgov.com) Approval Date: 2019-07-24 - 7:32:14 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Jason Marini (jmarini@co.weld.co.us) for signature 2019-07-24 - 7:32:15 PM GMT Email viewed by Jason Marini (jmarini@co.weld.co.us) 2019-07-24 - 7:33:32 PM GMT- IP address: 204.133.39.9 o Document e -signed by Jason Marini (jmarini@co.weld.co.us) Signature Date: 2019-07-24 - 7:33:41 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Christina Andrews (cmandrews99@gmail.com) for signature 2019-07-24 - 7:33:43 PM GMT 'n Email viewed by Christina Andrews (cmandrews99@gmail.com) 2019-07-24 - 8:18:09 PM GMT- IP address: 64.233.172.200 Adobe Sign b© Document e -signed by Christina Andrews (cmandrews99@gmail.com) Signature Date: 2019-07-24 - 8:23:48 PM GMT - Time Source: server- IP address: 64.234.251.233 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-24 - 8:23:49 PM GMT Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-24 - 8:34:48 PM GMT- IP address: 204.133.39.9 Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-25 - 3:55:15 AM GMT - Time Source: server- IP address: 204.133.39.9 Q Signed document emailed to Chr stina Andrews (cmandrews99@gmail.com), Karin McDougal (weld- cboe@weldgov.com), canaya@weldgov.com, Jason Marini (jmarini@co.weld.co.us), and 2 more 2019-07-25 - 3:55:15 AM GMT ...,.,1E Adobe Sign 800.(-8 ay..)w.1 ; Zct+s,orN Thank you for submitting an appeal to the Weld County Assessor's Offiee. We will review the information submitted and if we have questions we will contact you at one of the following: Contact Information: Contact Name: Christina Andrews Contact Email: cmandrews99@gmail.com Contact Phone: 970-683-1350 Appeal Submitted: 09.17 PM May 23, 2019 PI eo, s c see a tyr ; \ ors --jO t t o w ; r, eolc Appeal submitted for: R3331205 - ANDREWS MICHAEL A 26254 HIGHWAY 392 , WELD Legal: PT E2NW4 21-6-64 LOT A REC EXEMPT RE -3796 (.13R) Reason: Value Too High - R6780505 35475 County Road 43 (agriculture) R0148795 39882 County Road 33 R8176800 16491 Fairbanks Drive R0579001 14459 County Road 18 1/2 (agriculture) R3106304 4206 County Road 43 (agriculture) R1337886 15546 Highway 392 R0546801. 25409 County Road 74 R0561401. 29569 County Road 70 (agriculture) R3273904 35005 County Road 41 R8952920 40928 County Road 27 (agriculture) In addition to the protest valuation there is a discrepancy of the actual size of the finished basement and is needing amending. There is a portion of the basement that is 20' x 24' unfinished. Two sides are cement walls of the basement and the other two walls are just studs from the backside of the finished portion. There is no insulation and no dry wall in this area. Estimate of Value: $748,950.00 Document(s) Submitted: Account: R3331205 - Property Questionnaire.pdf Account: All Accounts - Home review.pdf Account: All Accounts - house sketch.jpeg Account: All Accounts - Screen Shot 2019-05-23 at 9.08.15 PM.png 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 2019-3276 "S01O3 Chloe Rempel From: Sent: To: Subject: Attachments: Hi Chloe, Courtney Anaya Friday, July 19, 2019 9:59 AM Chloe Rempel FW: Error message R3331205.zip Here are the documents for the Online appeal that didn't come through as an appeal for some reason. Can you create the CBOE appeal and attach these documents? I would be happy to do it if you're super busy. Just let me know. Thanks! Courtney Anaya Analyst Weld County Assessor's Office (970) 400-3670 canaya@weldgov.com Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Dave Seabeck <dseabeck@weldgov.com> Sent: Friday, July 19, 2019 9:56 AM To: Courtney Anaya <canaya@weldgov.com> Subject: RE: Error message This is what we have on the server. Dave Seabeck Web Developer Department of Information Technology Weld County Government 1401 N 17th Ave Greeley, CO 80631 970-400-2537 1 Account NumberR3331205 Parcel Number 080121200001 Owner Name Michael A Andrews & Christina I Andrews Phone Number 970 683-1350 a -mail cmandrews99 g mai Loom REAL PROPERTY QUESTIONNAIRE Attach additional documents as necessary. MARKET APPROACH This approach to value uses comparable sales from the appropriate time period to determine the actual value of your property. The following items, if known, will help you estimate the market value of your property. If available, attach a copy of any appraisal or written estimate of value. Have similar properties in your immediate neighborhood sold within the 18 -month data gathering period? DATE SOLD 8 Jan 2018 26 Feb 2018 11 May 2018 PROPERTY ADDRESS 35005 County Road 41 40928 County Road 27 25409 County Road 74 SELLING PRICE $615,000.00 $600,000.00 $477,300.00 Based on these sales and accounting for differences between sold properties and your property, state the value of your property. $746,894.00 COST APPROACH (For Non -Residential Properties Only) This approach to value uses replacement construction costs from the appropriate time period to determine the value of your property. The following items, if known, will help you estimate the replacement cost of your property. YEAR BUILT BUILDER ORIGINAL CONSTRUCTION COST List all changes made to your property prior to January 1 of the current year, i.e., remodeling of storefront; expansion of storage area; addition to parking, service or manufacturing area. DATE DESCRIPTION OF CHANGE COST Is your structure in typical condition for its age? If not, why? Based on the replacement cost of construction and of any changes, including depreciation, state the total value of your property. $ INCOME APPROACH (For Non -Residential Properties Only) This approach to value converts economic net income from the appropriate time period into present worth. If the property was rented or leased, attach operating statements showing rental and expense amounts for this property. Indicate square foot rental rate for all tenants. (Attach rent and lease schedule) If known, list rents of comparable properties. If available, attach operating statements showing rental and expense amounts for comparable properties. If an appraisal using the income approach was conducted, please attach. FINAL ESTIMATE OF VALUE State your final estimate of the property's value. $746,894.00 15-AR-DPT ARL VOL 2 1-84 Rev 10-09 Table 1 Account Address Sale price & date Difference 2019 Difference 2017 2018 35475 (agricultural) County Road 43 13 $405,000 Feb 2017 $283,588.00 $397,339.00 $377,631.00 R6780505 $113,751.00 -$19,708 lowered 39882 (residential) County Road 33 $243,864.00 $339,113.00 $95,249.00 $395486.O0 $56,373.00 R0148795 7 Nov 2017 $445,000 16491 (residential) Fairbanks Drive $341,916.00 $421,339.00 $79,42300 $5O3439O0 $82,iOOOO 6 Mar 2017 R8176800 $531600 14459 (agriculture) County Road 18 1/2 1 Aug 2017 $559,000 $268,942.00 $352,865.00 $83,923.00 $34t556.0O -$11,309 lowered R0579001 R31063O 8 May 017 $530M00 $289,593.00 $311,883.00 $22,290.00 4206 (agricLilture) County Road 43 $387,120.00 $7523700 15546 HWY 392 19 Jan 2018 $378,355.00 $470,000.00 $9t645.00 $551,838.00 $81,838M0 R1337886 (residential) $375,000 R05468O1 2 409 County Road 74 11 May 2018 $351,427.00 $92363.00 $63,497.00 $443,790.00 $507,287.00 (residential) $477,300 ' R0561401 29569 (agriculturaQ County Road 70 29 Mar 2017 $261,332.00 $331,651.00 $70,319.00 $369,627.00 $37,976..00 $410,000 35005 County Road 41 8 Jan 2018 $533,5O200 $203211.00 $802,946.00 $66.233.00 $736,71300 R3273904 (residential) $615,000 R8952920 40928 (agricultural) County Road 27 N/A $259,547.00 N/A $323,845.00 $64,.298.00 26 FE 2018 $600,00 $94.686.00 $65$44.00 AVERAGE R3331205 26254 HWY 392 $588,320.00 $855,405.00 1 $600,000 May 2017 $776,015.00 $187,695.00 $79,390.00 (residential) 11r'1 1 171 I IHrt'tl\r`rlitt 1 trallil111°Et a a 1 a r I i t Iit a 4 1 an di I ' A ■dank -11P PIlan1 ■-■=ac •.■■On1 In>r11Scalia flanl.lJn►1 I ■ricl Iona. �p 9 a /4' ■ y di id . 1 8 r. NAASIALA Ski IdWYM IWI WB 0 a_ Y / / 1 12 0I lb' i/B i11 La s_ 11/2 kokcists, WB • 4..G 11.d-:1Ija I s -. Jo _. . . .-1IiI...111./1:11-1 O1EIIJl t=3 a b.. G �3EZr as 911E _ a_ es Uniform Residential Appraisal Report Andrews Filet B4901-SVC Th' If _ «f r.i Ir- � r i «�� .vii - - - . - I li- .n y u . .r 1 a� -''stied! nAn`of the rnarketvalu- of the scup; tF;: '� Princely Address 26254 Highway 392 C Gill State CO Zipi Code 80624 . Borrower Michael A & Christina L Andrews Owner of Public Record Daily LLC County Weld Le9a1 U 4, Eb, Hi w PT E2NW4 21-6-64 LOT A RE+C EXEMPT RE -8796 (413R) Assessor's Parcel # R3331205/080121200001 Tax Year 2016 R.E. Taxes $ 2,087 � a �� bpfh4� Ma Name dill Map Reference 24540 - Census Tract 0016.00 . _ _ - ---- U Occupant F3 Owner ❑ Tenant ❑ Vacant Special' Assessments $ 0 El KID HOA $ 0 MI per year El_-_ per_ month j Proms Rights Appraised El Fee Simple O Leasehold ❑ Other (describe) .._ .. E ": r ment Type IE Purchase Transaction P Refinance Transaction O Other (describe) c. Lender/Client Wells Fargo Bank. NA Address 2650 Wells Fargo Wa 2ND Floor Minneapolis MN 55467 Ti is thesubject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? I] Yes i No Re pt data source(s) used, offering d croeN, and date(s). DOM 3;The subject was listed on _ . _ . _ _ _ _ . _ _ _ . . _ 03/03/2017 for $600,000. MIs# 5►078117. Currently Under Contract . _ .. _ _ . _ .. I C did ❑ dki not analyze the contract for sate for the subs purchase transaction. !Explain the results of the analysis of the contract four sale or Why the anal ysi was not perfonned. C O Arms length sale;Arms length sale;The appraiser has reviewed the purchase contract for this transaction and it appears to be in order, This appears to be an arms length transaction. N Contract Price $ 600,000 Date of Contract 03/04/2017 Is thepy rop seller the owner of public record? Yes E No Data Source(s) Public Records T R re a Is theany financial assistance Moan charges, sale concessions, gift or a assistance, etc.) to be paid by any party on behalf of the borrower? _ _ ❑ Yes El No A If Yes, report the total dollar amount and de be the items to be ,aid.� C T $0;; - - - a .. _ . _.._ Note: Race and the racial composition of the neighborhood are not appraisal factors. Nehlhborhcal Characteristics N One -Unit Hcus' Trends One -Unit Housirr j Present Land Use % _ - - - = Location Durban ❑ Suburban IXI Rural I Pr Values ❑ Increasing Stable ❑ Declining PRICE AGE b One -Unit 25 % N E Butli-UP D Over ? ❑ 25-75% K Under 25 DermandiSapp' ' ❑ Shonage I J in Balance ! over', ;_ ,°'y 1 (Pit 1 6 . ,.. _ .$0°°) .r -.. _2-4 ______ I Growth El Rapid iffl Stable (J Slow Marketing Time ! Under 3 rnths El 3-6 mths 00ver 6 rnths O Low 0 Multi -Fa O G' N .. i hborhood Boundaries . Commercial H 2,000 High 100 2 The neighborhood e ' boundaries would include the Longmont area north to Hwy east to Hwy 856, south to Hwy 52, west 500 Pred. 30 Other 72 ay _ tetrhbothood n R 0 O The neighborhood. area is mainly comprised of .single Employment is mainly family homes, supported small businesses, as well as multi by local large and small business in family projects. access the greater Denver Area. to consumer and municipal services appears to be adequate for theH D : Market Conditions (includirs' a « I rt for the above concbusions) The subjects market has been stable over the pastseveral _ years with homes selling at or near list price,Seller concessions are typical in the area. Dimensions irregular Area 9M.87 ac Sh.i« °: Rectangular 'View Kites; Speck Zoning Classification AG - ___ _ Zo.i HE DesarlipIon Agricultural _ ... _ _ - - _ _ _ _ - _ _ .--� _____ _ _ - _ - _ _ _ _ _ _ . _ _ Zoning' Co ; i liance )legal O L a i r. iI Nonconfonni (Grandfathered Use) O No Zoning! Illegal (describe) I . _ Is the highest and best use of snb, ctlropas in proved (or aproposedjer plans and specifications) the present use? CI Yes - No If No, describe. S , Utilities Public Other (describe) Public Other (describe) Off -site I !rovements-l'y'e Public Private - I Electricity ❑ Water LE ❑ Street Asphalt ri❑ - - - - - -- _ T Gas ! INJ Natural Gas Sanitary Sewer gi ❑ Alley None .. ❑ - _ E FEW S a lel Flood Hazard Area U Yes � No FEMA Flood Zone X FEMA Map # O8123a 1575E FEMA Map Date O1/2O/2O16 �, Are the utilities and off -site bworovements ical for the market area? FA Yes C No If No, describe. Are there an adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? I Yes [gi No If Yes, describe. General Description Foundation Exterior Description materialsfcondition Interior materials/condition i Units r3 One ! One with Accessory Unit - Concrete Slab O Crawl Space jroundation Walls Concrete/Avg Floors Carpet/Tile in/Avg # of Stories 2 X Full Basement ❑ Partial Basement Exterior Walls Lap/Avg Walls Drywall/Avg - -_ 2y?____ 1M Det. ❑ Att. O . _ . S-Det./End Unit Basement Area 1,844 s _ft. Roof Surface Asphalt/AvgTrim/Finish Paint/Avg Pfl Ext -I , t El Proposed III Under Const. Basement Finish 100 at Downspouts Aluminum/Avg Bath Floor Tile/Avg a :Cutters as Design (Style) Multilevel ❑ Outside Entry/Exit O Sump Pump Window Type Vinyl/Avg Bath Wainscot Tile/Avg Year Built 2OOO Evidence of ❑ Infestation ir Storm Sash/Insulated No/Yes/Avg Car Storaie O None _ I Effective Age (Yrs) B I. Dampness ❑ Settlement Screens Yes/Avg X Driveway # of Cars 3 lM Attic None Hearth FWA ❑ HWBB ❑ Radiant Amenities WoodStove(s) # 0 Surface Gravel P _ _ r ..r. _Driveway R _ Drop Stair ! Stairs ❑ Other Fuel Nat+ as iiii Fireplace(s) # 1 EA Fence Wire E l Garage # of Cars 2 O Q Floor ❑ Scuttle I Cooling Ci Central Air Conditioning oning l"al Patio/Deck Trex F3 Porch Wood ■ Carport # of Cars 0 V Finished O Heated i❑ individual ! Other ! Pool None ! Other None E] Att. ❑ Det ! Built-in E M` - aces IN Ref- --rotor KJ Ra nEjjDishwasher Off. sal DE Microwave ❑ Washer! ' r KI Other (describe) Hood E Finished area above grade contains: 8 Rooms 4 Bedrooms 3.1 Bath(s) 2,811 Square Feet of Gross!. 'Area Above Grade N T,_ Adifitiortal features (special a efficient items, etc) S A Solar Panels Describe the condition of the t.- lerty I needed a Airs, deterioration, renovations, remode ...� etc.). C3;No updates in the prior 15 years;No unusual functional, physical or external inadequacies observed at the time of inspection. Are there any physical deficiencies or adverse conditions that affect the Rob' soundness, or structural inte ' of the o ? II Yes Ii] No If Yes, describe the '' conform to the [neighborhood (functional Sky, �, condition, use, construction', etc.)? -- IN Yes Li No if blot gibe _ �. Freddie Mac Form 10 March 2005 UAD Version 9/2011 a� yae AfReady Fannie Mae Form 1004 March 2005 Uniform Residential Appraisal Report Andrews File # B4901-SVC There are 0 comparable properties currently offered for sale in the sub,; neighborhood orhood ranging in pitiCe from $ 000,000 • to $ O0vrcoo There are 3 co ii arable sales in the subject ne «. borhood within the past twelve months ra i in i in sale i rice from $ 535 000 to $ 650,000 FEATURE SUBJECTCOMPARABLE SALE # 1 Ct MPARABLE SALE # COMPAt ABLE SALE # 3 Address 26254 Gill, Highway 392 CO 624 21873 ree$e County , 8 Road 31 960 Windsor, Hilltop CO Dr 80550Hudson, 22 14 County + Cf 80 Road 2 30 Proximity to Subs 1,-., 4.70 1'r�iies Irnr 18e . �tlrles '� ,0 rt'tirl+as - _ Price $woo= e28 000 ` 650,000 _Sale Sale Price/Gross Liz. Area $ 213.45 .h. 231.40 q.ft. � 338.0} .� 3t 0.79 . . Data aurc ls) . ..._ ML ... . # 502t)42;t 1 1 19 AL #14, ` c i to MLA#1512 7 ; }14+i 76 Velikation Sour s) Col r do Tenderfoot Properties Your Castle Real Estate Corrado Tenderfoot properties VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION_ + . Adustr»+ent D . RIPTI l + - Ad`ustment ................... r . ' IR �1 + - Ad'ustment ArmLth Sale or Financing ArmLth Armittt Concessions Conn;0 IIIIIIIIIIIM Conv;0 Date of Saf me _ , s04/16;003/16 --0 ..I s03/17t02/17 Laticxr._ N;Res; N;Res; N;Res; N;Res; IIIIIIMM -- -- Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site 9.87 ac 10.11 ac « 2.42 ac i +7,850 118.48 ac -108,590 View ;Res; N;Res; NtRes, N;Res; S Design - (she) DT2;Multilevel OT2;Multilevel DT2;MultilGv+el T1;Ram leer tj ' Quaff of Construction Q3 Q3 Ct2 -62,800 03 E ...Actual 17 0 15 0 17 S Condition I C3 C3 C3 Above Grade • Total 1 Bdrms. Baths Total Bdrms. Baths Total Bdnns. :. Total Bdmis. Baths gROO1flUflL 8 3.1 rila 4 2.0 +4,500 7 4 3.1 I 6 3 2.0 +4,500 M Gross Living Area 2,811 sq.L■ 2,312 sq.ft. I 1,858 M+47,700 r P Basement & Finished 1844sf1844sfin 1156sf0sfin +6,880 1753sfosfin +910 2161 sf1728sfin -3,170 A Rooms Below Grade 1 rr3brl .oba'l o IIIIIIIIIIIIIIIMI +30,660 111111.11 i Functional Utility I Good Good i+d Good S HeaU c vling F A ntral FWNCentral w 0 En ;41-11 Efficient items None None None None _ _ ar , eat arc( t 2933driv 2ctw ,000 ! . 3dw -10,000 f 2 * - 2ctw 0 _ A, Porch/Patio/Deck Porch/Patio Similar 0 , Similar 0 i Similar 0 P Effective Age 8 Shop -_ P;lIIIIIIr,...1..1 +25 000 Shot IIIIIIIIM RExtra_ A: Net Adjustment (Total) fl + ❑ - $ 65,r q + O - $ 39,320 ❑ + fl - $ -73,020 Adjusted Sale of Comparables Price Net Adj. 12.3 Gross Adj. 20.3 % I $ 600,640 Net Adj. 6.3 Gross Adj. 29A _.__ $ 667,320 I TTTTRY41 Net Adj. Gross 11.2 Adj. 23.2 $ 578,980 Fl did ❑ did not research the sale or transfer history of the sect property and comparable sales. If not, explain My research ri did ❑ did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. 4 .. _. Data source(s) County/Nils _ sib research i did Egi did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the gable sale. Data source(s) County/Mis Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale Transfear 02/13/2015 Price of Prior SaletTranSkr. 59x9,900 Data Source(s) County/Mss Countevills County/Mls ., County/kills .._. _ _ Effective Date of Data Source(s) - 03/30/2017 0313012017 , 03/30/2017 03/30/2017 Ana of prior sale or transfer history of the subject - - property and comparable sales No other sales options or listings to report in the past 36 months. No public record could be found indicating any of the comparable sales have resold tIn the past 12 months. Summary of Sales Comparison. Approach _ The comparable sales displayed are considered the best representation of the value of the subject and generaly support the market approach to value of $600„000. GLA adjusted at $50.00 a Sq Ft. Basement adjusted at $10.00 per unfinished Sq Ft. and $15.00 per Enished Sq Ft. The appraiser has used what is believed to be the best comparable's available. The remaining adjustments are the product of item by item comparison and are reflective of market participants' extracted reaction to slight variances between sales data. Adjustments within the report are derived from paired sales analysis. Incremental acreage $1,000 per acre. Due to the subjects GBA and GLA the appraiser was forced to expand the search distance for similar comparable sales. Indicated Value by Sales Comparison Approach $ 600,000 - Indicated Value by: Sales Comparison Approach $ 600,000 Cost Approach (if develop Income Approach (if developed) $ R i0 E C N, The opinion of value is supported principally by the Market Approach. The Cost and Income Approach were not used due to the lack of data and applicability to the subject. - - C. This appraisal is made NI "as is," ❑ subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed. NI subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ❑ subject to the L following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair r; A T _ __ `_ _ - _ _ 1 lV Based on a complete visual inspection of the interior and exterior areas of the subject property, conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the $ 600,000 as of 03/30/2017 ,which is the date of defined real inspection scope of work, statement of assumptions property that is the subject of this report is and the effective date of this appraisal, and limiting Freddie Mac Form 70 Mardi 2005 UAD Version 9/2011 Page 2 of 6 Al Ready Fannie Mae Form 1004 March 2005 Uniform Residential Appraisal Report Andrews Fife. 84901-SVC A D. II A thorough search for comparable sales has been made in a attempt to find ones with net adjustments of less than 15% and gross adjustments of less than 25% of their sales price. After considering locations, dates of sale, physical differences and special conditions, in the appraisers judgment, the sales selected are the best indicators of value of the subject. This appraisal Is prepared for the sole and exclusive use of the appraisers client to assist with the mortgage lending decision. The appraiser is not a home inspector, and does not guarantee that the subject is free of defects, nor should this report be relied upon to disclose any condition's present in the subject property. The appraiser performs an inspection of the visible and accessible areas only. Mold, lead paint, radon and asbestos issues are beyond the scope of this appraisal inspection. A professional home or environmental inspection is recommended to address such matters. Replacement cost figures used in the cost approach are for valuation purposes only. No one, client or third party, should rely on these figures for insurance purposes. The definition of market values used on page four of this report is not a definition of insurable value, and must not be interchanged. Actual reconstruction costs can easily exceed the replacement cost figures used in this appraisal. Definition of Market Va'ue: Market value is the most probable price that a property should bring in a competitive and open market under all conditions requisite to a far sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Source: Fannie Mae. Clarification Statement for Certification #10: The appraiser attempted to adhere fully with the requirements set forth in Certification Statement #10 and believes the sources provided T credible information. 0 N A L C 0 M M N Reasonable Exposure time is between 60 and 270 days. Other land use is vacant_ Land to value ratio 25% which is not uncommon for the area. It is not uncommon for properties to be valued above and below whats is typical in the market area. The subject has no marketability issues. 'C 0 T A R 0 A C H COST APPROACH TO VALUE (not TequirP4 by Fannie Mae) Provide adequate information for the lender/client to replicate the below cost figures and calculations. Sum for the opinion of site value summary of comparable land sakes or other methods for estimatinj site value) Site value derived from the extraction method ESTIMATED ■ REPRODUCTION OR ■ REPLACEMENT COST NEW Source of cost data Quality rating from cost service Effete date of cost data Comments on Cost Approach (gross living area calculations, depreciation, etc.) OPINION OF SITE VALUE Dwelling _ Sq. FL $ _$ Sq,Ft.@$ 4 150,000 astatieteport Sq. Ft, O $ Total Estimate of Cost -New _$ Less Depredation Depreciated Cost of Improvements Physical Functional External "As -is" Value of Site Improvements ,=$ Estimated Rematnirrq Economic Life (HUD and VA onl►) 54 Years Indicated Value b" Cost Coach =$ INCOME APPROACH TO VALUE (not reauired by Fannie Mae) t N Estimated Monthly Market Rent $ X Gross Rent Multiplier g Summary of Income Approach (inclKdin9 support for market rent and GRM) E Indicated Value by Income Approach P U D I N F PROJECT INFDRM.ATION FOR PUDs (if applicable) Is the developer/builder in control of the Homeowners' Association (HOA)? Yes ■ No Unit t ;r;s) ■ Detached ■ Attached Provide the followintinformation for PUDs ONLY if the devel4seribtilder is in control of the HOA and the stsb t 'pony is an attached dwelling unit. ...� Legal Name of Project Total number of phases Total number of units rented Was the project created by the conversion of ems bui n -(s) into a PUD? Does the projtici contain any multi-dvetelti units? ■ Yes ■ No Data source(s) Total number of units Total number of units for sale O. Are the units, common elements, and recreation facilities complete? R A' T I Are the common elements leased to or by the Homeowners' Association? O N Total number of units sold Data source(s) [ Yes ■ No If Yes, date o€ conversion a Yes El No If No, describe the status of completion. ■ a Yes No If Yes, describe the rental terms and options. Describe common elements and recreational facilities Freddie Mac Form 70 March 2005 UAD Version 912011 Page 3 of 5 Ai Ready Fannie Mae Form 1004 March 2005 Uniform Residential Appraisal Report Andrews Fie# B4901-SVC This report form is designed to report an appraisal of a one -unit property or a one -unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. 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) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring 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 comparisons 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 propertybeing appraised or the title to it, except for information that he or she became aware of during 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 has 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 identified 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, deterioration, the presence of hazardous wastes, toxic substances, etc,) observed during the inspection of the subject property or that he or she became aware of during 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, deterioration, 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 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, 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 completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Free Mac Form 10 March 2E'L JAD Version 9/2011 Page 4 of 6 Al Ready Fannie Mae Form 1004 March 2005 #-11 mu cwa Uniform Residential Appraisal Report APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. Andrews File t B4901-SVC 2. 1 performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. 1 performed this appraisal in accordance with the requirements of 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. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. . I researched, verified, analyzed, and reported on the prior sales of the comparable sales fora minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. 1 have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac FM) 70 March 2005 WAD Version 9/2011 Page 5 of 6 At Ready Fannie Mae Farm 1004 March 2005 i-u IViCIVV., Uniform Residential Appraisal Report Andrews File # 84901-SVC 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. 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. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. 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 appraisers 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 Signature Name Christopher Wilson Company Name Basin Appraisal LLD Company Address 710 King Street Denver Telephone Number 435-621-9233 , CO 80204 Email Address Basinappraisal @yahoo.com Date of Signature and Report 04/19/2017 Effective Date of Appraisal 03/30/2017 State Certification # CR200000737 or State License # or Other (describe) State CO State # Expiration Date of Certification or License 12/3112018 ADDRESS OF PROPERTY APPRAISED 26254 Highway 392 Gill , CO 80624 APPRAISED VALUE OF SUBJECT PROPERTY $ 600,000 LENDER/CLIENT Name Residential Valuation Services Company Name Wells Fargo Bank. NA Company Address 2650 Wells Fargo Way, 2ND Floor Minneapolis , MN 55467 Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company 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 exterior of subject property from street Date of Inspection II Did inspect interior and exterior of subject property Dale of Inspection COMPARABLE SALES ■ ■ Did not inspect exterior of comparable sales from street Did inspect exterior of comparable sales from street Date of inspection Freddie Mai Fotr 70 March 2005 UAD Version J/2O11 Page sot& Ai Ready Fannie Mae Form 1004 Math 2005 Uniform Residential Appraisal Report Andrews File # a o1-svC COMPARABLE SALE # 4 C MPARABLE SALE # COMPARABLE SALE FEATURE SUBJECT 9264 County Road 551 Keenesburg, CO 80643 Gill, CO County Rt td 55 4 Address 26254 Highway 392 Gill, CO 80624 _ _ . PriMinty, 10 Suter s . 0s ' 2 Sale Price : $ 600,000 I 605,000 Sale Price/Gross e/Gross A. Liv. Area ' $ 213.45 ,ft, .: t i . 6 i _Data SourceW • .: + .0 One Wa Pro lialana errant E Verification Source is i Fathom Rea . * _ . DESCRIPTION + (-) $ Ad'ustment DESCRIPTION + (-) $ Ad'u M - ( DESCRIPTION + - $ Ad'ust ment S VALUE ADJUSTMENTS DESCRIPTION Sale or Financing Concessions =_z�� - Listing 0.' M Dante of Sale me . 003/17 F s07/166c06/16 P ° Location N;Fes, N,Rest BiNtrErip -28,250 MI A Leasehold/Fee Simile Fee Si • e Fee Sim ll le IIIIIIIIIIIIII Fee Sim t le R Site 9.87 ac 24.84 ac -14,670 21.06 ac =11,190.i....._ -W- S View N;Res. N;Res, N;Res; _.-.- 0. Dom; (Stvie _ DT2;Muitilevei DT1;Rambter 0 DT1;Ranch 0 --- -__- N. Qua vv J of Construction O3 O3 O3 Actual Pr - 14 0 18 0 IIIIIIIIIIIIIIIIIIIa Ap _ _ . _ Condition -17 C3 C3 111.11111 C3 IMIIIIIIIIIIIIIIII P Above Grade a Total i Bdrms. I Baths Total Bdrms. Baths Tc4a1Baths Total Bdnns. Baths R Room Count 8 4 3,1 . 4.0 End A Gross Living Area 2,811 sql 2,372 sql +22,000 C Basement & Finished 1844sf1844sfin 21930438sfin -3,490 2072sf2072sfin *2,280 IIIIIIIIIIIIIIIIIII H Rooms Below Made 1 rr3br1.0ba1 O OrribrO.OlxtOo +2+4 090 1r2br1.0ba10 -3 420 IIIIIIIIIIIIIIIIIIII Functional Litiky Good lIl_ Good MIIIIIIIIIIIIIIIIII Hea 'oi .- 00 '4 i _ __ .._ FWA/Central FWA/Centrai NM= FWANCentral IIIMIINIIIINIIII Ewe Efficient Items _ ___ None None None Garay 2ga3dw r � ~�.� �'''"�' .................................. Similar .... . Similar Porch/Patio/Deck PorchiPatio 7 9 - Effective Age 8 _ Extrat Shop Carriage House 0 Barn/Shop 0 Net Adjustment (Total) # [ $ -2,990 O + ❑ $ 3 + ❑ - S 14,330 Net Adj. 2.4 Gress Add. 12.9 $ 619,330 Adjusted of Com Sale Price files Net Adj. 0.s Gross A41,17.2 % $ 562,010 Net Adj, % !Gress Adj. % $ Surturiary of Sales Comparison Approach _ A N A L V S. I S I _ _ _ _ C ITEM SUBJECT COMPARABLE SALE #4 COMPARABLE SALE #5 COMPARABLE SALE #6 G M1 Date of Prior Sa''Transf per 02/13/2015 •• WLYYW'YIHW a .. i Price of Prior Sale/Manger $599•900.._ E Data Source(s) County/Mis County/Mls County/Mis _ N Effective Date of Data Source(s) . 0 3t/2017 103/ 03/30/2017 04/18/2017 T Analysis of prior sale or transfer history of the subject. property and comparable sales S Freddie Mac Form 70 March 2005 UAD Version 9/2011 Al Ready Fannie Mae Form 1004 .March 2005 r tit 1 1/2.► %.. I I iJ TEXT ADDENDUM File # 64901-SVC Borrower/Client Michael A & Christina L Andrews Property Address 26254 Highway 392 City Gill Lender Wells Fargo Bank. NA County Weld State CO Zip Code 80624 Supplemental Addendum [Multi -page] Basin Appraisal Service, LLC 710 King Street Denver, CO 80204 Office (435)621-9233 basinappraisal@yahoo.com 03/30/2017 Wells Fargo Bank. NA 2650 Wells Fargo Way, 2ND Floor, Minneapolis, MN 55467 RE: Michael A & Christina L Andrews 26254 Highway 392 Gill , CO 80624 In accordance with your request, I have personally inspected and prepared an appraisal report of the real property located at: 25254 Hiway way 392 Gill 1CO 80624 The purpose of this appraisal is to develop an opinion of the market value of the subject property. Enclosed, please find the complete appraisal report in summary format which describes certain data gathered during my investigation of the property. The methods of approach and reasoning were used in the valuation of the various physical and economic factors of the subject property contained in this report. This includes, but not limited to research of sates in the subject market area, highest & best use analysis, site valuation, inspection of the subject, as well as any comparable sates used. An inspection of the property and a study of pertinent factors, including valuation trends and an analysis of neighborhood data, led the appraiser to the conclusion that the market value, as of 0313112017 is: $600,000 Six Hundred Thousand Dollars The opinion of value expressed in this report is contingent upon the limiting conditions attached to this report. It has been a pleasure to assist you. If I may be of further service to you in the future please let me know. Respectfully submitted, Christopher Wilson Basin Appraisal Service LLC. Supplemental Addendum wlsig block [Multi -page] Appraisers Certification Continued. Appraiser Fee $500.00 AMC Fee $10.00 I have not performed any services regarding the subject property performed by the appraiser within the three year period immediately preceding acceptance of the assignment, as an appraiser or in any other capacity. UPDATES REQUESTED 04/07/2017: Present land use has been corrected. Comp adjustments have been corrected. The subject having highway frontage does not effect its value or marketability in the market area. In the appraisers professional opinion location adjustments are not needed. A basement bathroom photo has been provided. UPDATES REQUESTED 04/07/2017: The appraiser has completed more than 1 comparable search for activelpended listings there are none available. As per MLS# 5078117 The Solar Panels are leased, as per Agent traditional power is available. UPDATES REQUESTED 04/18/2017: The appraiser has given credit to the large workshoplbarn as noted in the MLS any additional buildings located on the property did not have any contributory value and were not considered. These buildings and ameneties (Riding Arena) are common in the market area the appraiser has provided comparables with similar outbuildings. Commparable 5 is added as per client request. **}CONTINUED ON NEXT PAGE*** TEXT ADDENDUM File if 64901-SVC Borrower/Client Michael A & Christina I. Andrews Property Address 26254 Highway 392 City Gill Lender Wells Fargo Bank. NA County Weld state CO Zip Code 80624 I have not performed any services regarding the subject properly performed by the appraiser within the three year period immediately preceding acceptance of the assignment, as an appraiser or in any other capacity. Andrews File # B4901-SVC UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source: UAD Appendix O: (lAD Field -Specific Standardization Requirements) Condition Ratings and Definitions Cl The improvements have been very recently constructed and have not previously been occupied. The entire structure and all components are new and the dwelling features no physical depreciation.* *Note; Newly constructed improvements that feature recycled materials and/or components can be considered new dwellings provided that the dwelling rs placed on a 100% new foundation and the recycled materials and the recycled components have been rehabilitated/re-manufactured into like -new condition. Recently constructed improvements that have not been previously occupied are not considered *new' if they have any significant physical depreciation (i.e., newly constructed dwellings that have been vacant for an extended period of time without adequate maintenance or upkeep). C2 The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components are new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replaced with components that meet current standards. Dwellings in this category either are almost new or have been recently completely renovated and are similar in condition to new construction. CS The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. The structure has been well maintained. C4 The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate. CS The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs, rehabilitation, or updating. The functional utility and overall livability is somewhat diminish d due to condition, but the dwelling remains useable and functional as a residence. C6 The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety, soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many or most major components. Quality Ratings and Definitions 01 Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Such residences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanship and exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high -quality exterior refinement s and ornamentation, and exceptionally high -quality interior refinements. The workmanship, materials, and finishes throughout the dwelling are of exceptionally high quality. 02 Dwellings with this quality rating are often custom designed for construction on an individual property owner's site. However, dwellings in this quality grade are also found in high -quality tract developments featuring residence constructed from individual plans or from highly modified or upgraded plans. The design features detailed, high quality exterior ornamentation, high -quality interior refinements, and detail. The workmanship, materials, and finishes throughout the dwelling are generally of high or very high quality. Q3 Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above -standard residential tract developments or on an individual property owner's site. The design includes significant exterior ornamentation and interiors that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been upgraded from "stock" standards. 04 Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plans are utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship, finish, and equipment are of stock or builder grade and may feature some upgrades. Q5 Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a plain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentation and limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materials with limited refinements and upgrades. 06 Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings are often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built or expanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanical systems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non -conforming additions to the original structure. Definitions of Not Updated, Updated, and Remodeled Not Updated Little or no updating or modernization. This description includes, but is not limited to, new homes. Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no major components have been replaced or updated. Those over fifteen years of age are also considered not updated if the appliances, fixtures, and finishes are predominantly dated. An area that is 'Not Updated' may still be well maintained and fully functional, and this rating does not necessarily imply deferred maintenance or physical /functional deterioration. Updated The area of the home has been modified to meet current market expectations. These modifications are limited in terms of both scope and cost. An updated area of the home should have an improved look and feel, or functional utility. Changes that constitute updates include refurbishment and/or replacing components to meet existing market expectations. Updates do not include significant alterations to the existing structure . Remodeled Significant finish and/or structural changes have been made that increase utility and appeal through complete replacement and/ or expansion. A remodeled area reflects fundamental changes that include multiple alterations. These alterations may include some or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocation of plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of) square footage). This would include a complete gutting and rebuild. Explanation of Bathroom Count Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not included in the bathroom count. The number of full and half baths is reported by separating the two values using a period, where the full bath count is represented to the left of the period and the half bath count is represented to the right of the period. UADDEF 9-2011 UAD Version 9/2011 Al Ready Andrews File # B4901 -SVC Abbreviations Used in Data Standardization Text Abbreviation Full Name Appropriate Fields ac Acres Area, Site AdjP& Adjacent to Park Location AdjPwr Adjacent to Power Lines Location A Adverse Location & View ArrLth Arms Length Sale Sale or Financing Concessions ba Bathroom(s) Basement & Finished Rooms Below Grade br Bedroom Basement & Finished Rooms Below Grade B Beneficial Location & View Cash Cash Sale or Financing Concessions CtySky City View Skyline View View CtyStr City Street View View Comm Commercial Influence Location c Contracted Date Date of Sale/Yime Cony Conventional Sale or Financing Concessions CrtOrd Court Ordered Sale Sale or Financing Concessions DOM Days On Market Data Sources e Expiration Date Date of Sale/Time Estate Estate Sale Sale or Financing Concessions FHA Federal Housing Authority Sale or Financing Concessions Glfcse Golf Course Location Glfvw Golf Course View View Ind Industrial Location & View in Interior Onl Stairs Basement & Finished Rooms Below Grade Lndfl Landfill Location LtdSght Limited Sight View Listing Listing Sale or Financing Concessions Mtn Mountain View View N Neutral Location & View NonArm Non -Anus Length Sale Sale or Financing Concessions BsyRd Busy Road Location a Other Basement & Finished Rooms Below Grade Prk Park View View Pstrl Pastoral View View PwrLn Power Lines View PubTrn Public Transportation Location rr Basement & Finished Rooms Below Grade Recreational (Rec) Room F .elo Relocation Sale Sale or Financing Concessions REO REO Sale Sale or Financing Concessions Res Residential Location & View RFC USDA —Rural Housing Sale or Financing Concessions s Settlement Date I Date of Sal.eflime Short - Short Sale _ Sale or Financin Concessions sf ww ; Square Feet Area, Site, Basement Unk 1 Unknown Date of Sale/Time r VA Veterans Administration .. . Sale or Financing Concessions w Withdrawn Date I Date of SalelTime wo Basement & Finished Rooms Below Grade Walk Out Basement wu Walk Up Basement Basement & Finished Rooms Below Grade WtrFr Water Frontage Location Wtr Water View View Woods Woods View View Other Appraiser -Defined Abbreviations Abbreviation Full Name Fields Where This Abbreviation May A ar UADDEF 9-2011 UAD Version 9/2011 Al Ready And ws Market Conditions Addendum to the Appraisal Report Fi�#reggg0l-SVC The This purpose is a fez; of 1- this addendum ; addendum for is to all aperalsal provide the lender/client reports with an with a clear and effective date on accurate or after understanding Vitt of 2009. the market trends and conditions prevalent in the subject neighborhood. Property Address 26254 Highway 392 City Gill State CO ZIP Code 80624 Borrower Michael A & Christina L Andrews Instructions; The appraiser must use the information required on this form as the basis for his/her conclusions, and must provide support for those conclusions, regarding housing trends and the overall analysis provide t�median, criteria market that as indicated data would for the conditions the appraiser be shaded below. used as should �� by reported If areas any a prospective report in the required below; the if it Neighborhood data is available, available buyer is of unavailable the figure subj section however, and or identify property. of is the appraisal considered the appraiser it assyanappraiser The apprai unreliable, averrage. report must form. include must the Sales appraiser the explain The data and y appraiser listings must in the yy any must provide analysis. must �y anomalies fill be in an If properties in the all the explanation. data data. information sources that compete such as to It is recognized provide ywith seasonal the the extent ythe required ysubject markets, it that is available not information new all property. and data sources as �y�+determined construction, reliable an average foreclosures. and must will be able instead by applying to provid etc. of the M Invento Anal is Prior 7-12 Months Prior 4-6 Months Current - S Months Overall Trend ..._ A Total # of Comparable Sales (Settled) 1 0 2 Incr sin' X Stable 1 --Hn'r m - R ' Absorption Rate (Total Sale lonth 10.17 0.00 O.67Dincreang'❑ X Stable I din ig K - - E Total t of Comparable Active Lislino— U 1 I 1 0 II Declining CI Stable El Increa-ing , T Mofrtt�of Houi ng SA* (total Llstin Ab.Rate� 5.9 0.00 1.5 I ❑ C .. ini� #able Q ineas+ _ Dian Sale & List Pricer DOM, Sale/List' Prior 7-12 Months Prior Months Current - 3 months Overall Trend x E Median Comparable Sale Price $535,000 $0 $639,000 © Stable 1:1 Dedining S Median Comparable Sales Days on Market 199 0 241 ❑ Declinin ! X Stable ❑ Increasir A Median Cory arable List Price $605 00O $605,000 $0 ❑ Increasing a Stable Lining _.__.__ - ,I-.3 R Median Comparable Lislir s ( a on Market 243 71 12 El Dedinta. a Stable Q Increasing . C Median Sale Price as % of List Price 95.54 0.00 104.84 I Increa X Stable Declining Seller -(developer. milder, etc.) paid financial assistance p alent? X Yes ❑ No Q ' -dirt-diritig X Stable ❑ lncrea siri & Explain in detail the seller concessions trends for the fast 12 months (ell. seller contributions increased from 3% to 5% increasing use of buy wns.. closing cow. condo fees, options, etc.). A N A L Y S For the 7-12 Active status listings that Months at the were in and end Active 4-6 Months of those status periods, the total time periods. For Current during that time period # of Comparable -a Months, the . -a Active Listings total # is based on listings of Comparable Active Listings that were in is based on I Are foreclosure sales (REO sales) a factor in the market? ❑ Yes X No If yes, explain (including the trends in listings and sales of foreclosed properties). S The data mandatory Market Conditions used in the reporting Report. grid field above for agents does not indicate there and there may be were any REO/Short some distressed sales sales that or other distressed properties were not reported. It isbeyond associated with the reported transactions. However, this is not a the scope of this assignment to confirm each sale used in the Cite data sources for a)ve information. The CREMLS MLS was the data source used to complete the Market Conditions Addendum. Summarize pendingsales the above and/or 'expired information and as support for your conclusions withdrawn kstings., to formulate in the your conclusions. Neighborhood provide section of both the an appraisal explanation report and support form. If you used for your conclusions. any additional information. such as an analysis of The trends establish median list are based here, the analysis exclusively, in this 1004MC a reliable prices and on the last trends represented trend. but report A few DOM within day of each in they are are mixed with contradictory indicators. indicators presented here suggest favorable each of the first 2 periods of the 1004MC period, which skews the housing supply this 1O04MC addendum do not always based on the appraisers best estimate The data market form. results. accurately of the set for this analysis is conditions in the subjects Because the data is unreliable, It is the appraisers opinion reflect the actual market current market conditions very trends. in the limited and does not create a sample size large enough to accurately market. The data source for this analysis does not accurately capture or misleading it has been omitted from the report. Active listings that the market can be considered stable For the reasons discussed The trends ndited on page 1 of the 1004 are not based on this subject neighborhood. If the subject is a unit in a condominium or coo' ' awe ►ro'ect, corn F lete the followin i : Pro ect Name: Subject Pro Data Prior 7-12 Months Prior 4-6 Months Current - 3 Months Overall Trend N Total # of Comparable Sales (se la ❑ Increasing ❑ Stable ❑ Declining D Absopion Rate (Total SalesiMonths) Increases ❑ Stable ❑ Deal' ' O Total # of Active Comparable !L ❑ DecW; Q Stable ❑ In�ea r f - �. _ _ - _ C Months of Unit Su ! ; ' (Total Listin_s sAAb. Rate ❑ necking Dstabie Q Increasing _ O Are foreclosure sales (REO sales) a factor in the project? ❑ Yes O No if yes. indicate the number of RED listings and explain the trends in listings and sales of - foreclosed .pros: 0 P R 0 J E C- --- T Summarize the above trends and address the im 9.-. ct on the sub){ t unit and protect. - S, i P R A Signature Appraiser Name Christopher Wilson Signature Supervisory Appraiser Name- i Company Name Basin A0 raisal LLC Company Name S E Company Address 71O King Street, Denver, CO 80204 Company Address R State .._,..,, License/Certification I CR200000737 State CO State License/Gertification # State Emil Address Basinappraisal yahoo.com Email Address Freddie Mac Form 71 March 2009 Pagel of l A11eady Fannie Mae Form 1004MC March 2009 Borrower/Client Michael A & Christina L Andrews Propel Address 26254 Highway 392 City Gill Lender Wells Fargo Bank. NA Borrower/Client Michael A & Christina L Andrews Property Address 26254 Highway 392 City Gill Lender Wells Fargo Bank, N, _ _ I.4 -a . 4 i ' Y I ..-f • I ; r II II �.. , .�'i j r • ,,0 oil,t� e, 1 ;}t ra•r j t 1�f •s '7 .4. 1n 2 .�� . . {r`� a .- a 1 • 0 A L Ii I 0 F. ' c.r al . I. l G A -air A • mr^r— _ • I ADDITIONAL PHOTOGRAPH ADDENDUM File # 84901- VC Borrower/Client Michael A & Christina L Andrews Property Address 26254 Highway 392 City Gill Lender Wells Fargo Bank. NA County Weld State CO Zip Code 80624 arimmumarmSliSk _ �. i r iii ,4 • ::lit " • Additional Subject Photo Sho " U t+.+I..UP+.r COMPARABLES PHOTOGRAPH ADDENDUM File # B49O1-SVC Borrower/Client Michael A & Christina L Andrews Properly Address 26254 Highway 392 Cty Gill Lender Wells Fargo Bank. NA County Weld State CO zip Code 80624 Comparable Sale 4 9264 County Road 55 Keenesburg CO 80643 Dale of Sale: c03117 Sale Price: 805,000 Sq. Ft.: 2,372 $ / Sq. Ft.: 255.06 Comparable Sale 5 33501 County Road 55 Gill Date of Sale: Sale Price: 565,000 Sq. Ft.: 2,072 $ / Sq. Ft.: CO 80624 s07/16;c06/16 272.68 Comparable Sale 6 Date of Sale: Sale Price: Sq. 1■ F aaa $ /Sq.Ft.: PSI to 13VV LOCATION MAP ADDENDUM File # X901-SVC Borrower/Client Michael A & Christina L Andrews Propeq Address 26254 Highway 392 City Gill Lender r Wells Fargo Bank. NA County Weld State CO zip Code 80624 a la mode inc: Itri•tin"tx, Livermore 4,4 _'.fi i3 j H ens Teds Place Masoiwille II. t - 1• 1. f4 .• !" ria Norfolk ,4f Bulger ft ikik Wellington 7 s It!-T -.• LK A. Fort Collins 1,1 Reds 1.. •7 'ak 6 S. tua COMPARABLE No. 2 960 Hilltop Dr 18.87 miles W a S t 4 I 'iv Longmont ' irspriaot Carl piort ,; 4 AI IL t. 6 ci ti Rockport t hass.cavatitepplri arms Z a � "S Sv Dover S4 SUBJECT 26254 Highway 392 ton elrrn Johnstown COMPARABLE No. 3 22994 County Road 30 19.05 miles S Por iVirOt MSinekan fit' 4. Lafayette Louisville Supen Rocky Mountain Nat i Ref .- ....-- •T Golden re CO y Firestone Dacono I raidre Tho tort t Westminster .. 47:e t Shet lw r •. . F .. 1114\Lt � • II. „Ito 1 .�� sow Arvada BelideY - r _ I4.....6. Wheat Ridge s‘timmintair-iraimmits . ,..�. Lakewood Its to T area i '1 t -t -r _ i;L PIe b.— ir GYP BY? 34 34 r is ca rni r l{ • Evans av La Salle 4 COMPARABLE No. 4 9264 County Road 55 23.45 miles S a. .I r r', endale gait] - -1 Fort Lupton 1 T L anghtonary rso 244. t$ � v Pawnee National Grasriand; Purcell Galeton overly :'4 '1 4. Kersey itik. COMPARABLE Nos 1 21873 County Road 64 4.70 miles SW South Roggen Jv t Hudson n Keenesburg • Cornish I 0, I. a � I' se 7374a f l:><it iii _a0siiiL COMPARABLE No.5 33 501 County Road 55 0.86 miles NE Hardin 4i11/4e a Bennett ins D Miles .:mok 201? Mint ft Corpora!torporatiort 02017 HERE SKETCH ADDENDUM 1e # B4901- VC Borrower/Client Michael A & Christina L Andrews Propely Address 26254 Highway 392 City Gill Lender Wells Faro Bank. NA County Weld _ State CO Zip Code 80624 Living Area First Floor Second Moor Total Living Area (Rounded): Non -living Area 2 Car Attached lbxcl Floor Basement 184934 Sq ft 961.92 54 ft 281150 645 Sq ft 2160 Sq ft 1844.06 Sq ft Calculation Details 8.8 x 0.6 14 x 3.8 49.1 x 22 52.1 x 7.2 38.7 x 6.7 11.8 x 4 0.5x3 -5x 3-5is +t�.5x3,5x3.5 4.8 x 3.5 8x6 8x6 14 x 16,2 14-3 x 16.2 12 x 148 8.2 x 15.3 8.$x9 3.8 x 12 25 x 25.8 x36 S tf a se s U S I28 53.2 s+.2 375.12 259.29 47-2 6.13 x.13 16.8 48 48 226.8 231.66 175.7 125.48 61.2 45,8 05x3.5x35m 0.5 x 3,5 x 3.5 es 448 x 3.5 11.8x4 38.7 x 647 53.1 x 7.2 49.1 x 22 14x3.8 a 645 2160 6,12 6412 16.8 47.2 259.29 375.12 100.7 53.2 SKETCH ADDENDUM File # 84901-SVC Borrower/Client Michael A & Christina L Andrew Property Address 26264 Highway 392 City Gill County Weld state CO Zip Code 80624 Lender Wells Fargo Bank. NA t 4 pc F at i\-• M' •• Y PLAT MAP ADDENDUM File # B4901-SVC i Borrower/Client Michael A & Christina L Andrews Property Address 26254 Hi hwa 392 City Gill Lender Wells Fargo Bank. NA County Weld State CO Zip Cocle 80624 Deed History File # B4 1- VC Borrower/Client Michael A & Christina L Andrews Property Address 26254 Hi c hway 392 City Gill Lender Wells Fargo Bank. NA County Weld State CO Zip Code 80624 Account Parma Space Account Type Tex Year Buildings Actual Value Assessed Value X31205 080121200001 Residential 2017 3 5884320 46,830 Reception Rec Date Type ntor Grantee Doc Fee Sale Date Sale Pries 3222465 09-27-2004 RE RECORDED EXEMPTION RE -3796 0.00 0 3222 465 09-27-2004 RE RE -3796 RE -3796 0,00 09-27-2004 0 3 102 10-08-2004 WO HOLESTINE LARRY C & THOMAS GARY 0 & 67.40 10-06-2004 6744000 4083463 02.132015 WV MSS MARIA ELENA,THOMAS GARY D DALLY LLC 59.99 02134015 599,900 12.30.2005 COs" WELD COUNTY ZONING Case AG ZONING A 000 0 License File # B4901-SVC BorrOwerldlient Michael A. & Christina L Andrews Properly Address 26254 Hi taLkivay392 City Gill Lender Wells Fargo Bank, NA County Weld State CO Zip Code 80624 chrLtopher Ross Wdson POtiox PO Box 1105 Midway,, UT 04049 1 Mtqn /u.� tktkn Director: Marcia Wators State of Cotorado Department of Regulatory Agencies Division of Rent Estate wididt is O • -' 10,bS , - • i `SI Board of Real Estate Appraisers riA me ti. L t• Christopher Ross Wilson ;r tiG sw M! ...r = '11%4 Certified Residential Appraiser i 1 1 ..r 1 la a • • . License #: C ,200000737 Status: Active Expires: 12a1/2018 For the most up to date information regarding this credential? visit http: / / dora,coLorado. goo/dre E&O File I 64901-SVC Borrower/Clierit Michael A & Christina L Andrews Property Address 26254 Highway 392 City Gill Lender Wells Fargo Bank. NA County Weld State CO Zip Code 80624 GREATAm allow. INSURANCE GROUP 301 E* Fourth $r +t. Cincinnati, OH 432G2 DECLARATIONS for REAL ESTATE APPRAISERS ERRORS & OMISSIONS INSURANCE POLICY' THIS IS BOTH A CLAIMS iAD AND REPORTED INSURAnE POLICY. Tills POLICY APPLIES TO THOSE CIAIMS THAT ARE FIRST MADE AGAINST THE 1NSI RED AND REPORTED IN NS KITING TO THE CO M PAS Y Diati,kG TIIE POLICY PERIOD. Insure is afforded b+ the company } fcated #4`f+' 44! ' capital si k corporation) Owns Are Assume Cray Slott The Ir isurax' Comidirisny wlevteti abuse till kitten be nftn xl to us the Comppri) Policy Number RA P3 693516 R ni* % al of RA P36669350, IS flog= dm nistnt Herbert IL randy Insurance A Rem" blew 175 Sccata Me Sulte 410 Needham. MAs 024944876 III L iftsureds ChtistopherVVILion Item i. Address: City. State. Zip C. 1960 witxleir DrSulit 295 t thy, UT 84060 hem S. Policy Period: From To t t roszt .,;,rj /VVonrr...09127/2°17reari 4130th &1e* at 12:01 aim.Standard time the i of the timed Insured i@ stated in lam 2.l item 4. Limbs of LLabIIItt. A 1„000,000. .. Damages Limit ortiabilisty Each Claim ............. Cam Espana Limit of Lability - Each Claim LIMON Damages Limit of Liability - Policy Aggregratt .S 1,000,000 Claim Expenses L unst of Lthitit Poise) Annie. t r [tan 53 Deductibk (Inclusive of Claim Et pent ; A. S ih Claim S _ .� L Aggregate Item 6. Premium : $9.00 Item 7 Retroactive Date (Wa } acbl)- 09a712014 item 8. Fort Noes ad Endorsements attached: 143100 (03/ I5) 041100 UT t Oyl31 142402 (05/13) 112324 (0F/ 121 Dt2101 /03 151 taat.z. Authorized d Reptecentativc five ton Legal Description File # B4901-SVC Borrower/Client Michael A & Christina L Andrews Property Address 26254 Highway 392 City Gill Center Wells Fargo Bank, NA County Weld State CO Zip Code 80624 Account Information Al Parcel R3331205 080121200001 Space Account Typo Tax Year Sulldinfl Actual Value Assessed Value ReSidelltia 2017 3 588,320 46,830 Legal PT E NW4 21+64 LOT A REC EXEMPT RE 47' (1 ) Subdivision Properly Adze 26254 HIGHWAY 392 Lot Land &tic Area 7004 GILL/GALET N Pcoperty city WELD ZIP Section 21 ship 06 Range 64 Al Ready PDF Generated on 04/24/2017 11:07:23 AM July 22, 2019 Petitioner: ANDREWS MICHAEL A 26254 HIGHWAY 392 GILL, CO 80624-9500 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 2019-3276, AS0103 Appeal 2008225060 Hearing 7125/20193:00 PM Account(s) Appealed: R3331205 Dear Petitioner(s): The Weld County Board ofEqualization has setadate ofJuly 25, 2019, atorabout the hour of3:00 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 aright toattend this hearing and present evidence insupport ofyour petition. The Weld County Assessor orhis designee 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 inyour interest tohave arepresentative present. Ifyou plan tobe represented byanagent oranattorney atyour hearing, prior tothe hearing you shall provide, inwriting tothe Clerk tothe Board's Office, an authorization forthe agent orattorney torepresent you.Ifyou donotchoose toattend this hearing, adecision will still bemade bythe Board bythe close ofbusiness onAugust 5,2019, and mailed to you within five (5) business days. Because ofthe volume 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 oryou are being 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 the Assessor'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.com. Upon receipt oVourwritten request, theAssessor will notify you ofthe estimated cost ofproviding such information. Payment must bemade prior tothe Assessor providing such information, aWhich 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 Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Danes, Assessor Hello