HomeMy WebLinkAbout20192906.tiffAugust 6, 2019
Petitioner:
RASMUSSEN DONALD MCKAY
814 LOCUST ST
WINDSOR, CO 80550-4742
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.weldaov.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 2019-2906 Appeal 2008224626 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
R1442986 Stipulated - Approved
Stipulated Value
$390,900 $370,000
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 R1442986
STIPULATION (As To Tax Year 2019 Actual Value)
RE PETITION OF
NAME
ADDRESS
Donald Rasmussen
814 Locust Street
Windsor, CO
80550-4742
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
WIN WM-20 L20 WINDSORMERE VILLAGE 1ST FILING
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 $390,900 00
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 $370,000 00
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
Agreed to adjust value to the lowest comparable on the market grid
7 Both parties agree that
7]The hearing scheduled before the Board of Equalization on 7/25/2019
at I 30pm be vacated
PIA hearing has not yet been scheduled before the Board of Equalization
1
OO l ci - DGI 0 G
ASO [OS
DATED this 18th day of J u ly , 2019
Donald McKay Rasmussen x(444 ,.,_ 147.7)-k4--(
Donald McKay Rasmussen tJul 23, 2U19i
Petitioner(s) or Agent or Attorney
Address:
814 Locust St
Windsor, CO 80550
Telephone: (720) 425-9652
Docket Number R1442986
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
R1442986/Rasmussen
Final Audit Report
2019-07-24
Created: 2019-07-18
By: Debra Jakino (djakino@co.weld.co.us)
Status: Signed
Transaction ID: CBJCHBCAABAAgIgk9OZl_E5VBYx77gWerYkj7BwXNiLO
"R1442986/Rasmussen" History
Document created by Debra Jakino (djakino@co.weld.co.us)
2019-07-18 - 5:54:39 PM GMT- IP address: 204.133.39.9
c Document emailed to Debra Jakino (djakino@co.weld.co.us) for approval
2019-07-18 - 5:54:40 PM GMT
Lio Document approved by Debra Jakino (djakino@co.weld.co.us)
Approval Date: 2019-07-18 - 5:54:48 PM GMT - Time Source: server- IP address: 204.133.39.9
Document emailed to Valerie Grube (vgrube@co.weld.co.us) for approval
2019-07-18 - 5:54:49 PM GMT
In Email viewed by Valerie Grube (vgrube@co.weld.co.us)
2019-07-18 - 6:22:50 PM GMT- IP address: 204.133.39.9
o Document approved by Valerie Grube (vgrube@co.weld.co.us)
Approval Date: 2019-07-18 - 6:33:12 PM GMT - Time Source: server- IP address: 204.133.39.9
Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature
2019-07-18 - 6:33:14 PM GMT
Email viewed by Brenda Dones (bdones@co.weld.co.us)
2019-07-18 - 6:43:43 PM GMT- IP address: 204.133.39.9
OO Document e -signed by Brenda Dones (bdones@co.weld.co.us)
Signature Date: 2019-07-18 - 8:41:12 PM GMT - Time Source: server- IP address: 204.133.39.9
Document emailed to Donald McKay Rasmussen (mckay.rasmussen@spglobal.com) for signature
2019-07-18 - 8:41:13 PM GMT
In Email viewed by Donald McKay Rasmussen (mckay.rasmussen@spglobal.com)
2019-07-19 - 5:25:44 PM GMT- IP address: 198.45.18.92
AdobeSG-,r-
Document e -signed by Donald McKay Rasmussen (mckay.rasmussen@spglobal.com)
Signature Date: 2019-07-23 - 8:44:52 PM GMT - Time Source: server- IP address: 198.45.19.113
L Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature
2019-07-23 - 8:44:54 PM GMT
Email viewed by Karin McDougal (weld-cboe@weldgov.com)
2019-07-23 - 10:21:49 PM GMT- IP address: 204.133.39.9
circ,Document e -signed by Karin McDougal (weld-cboe@weldgov.com)
Signature Date: 2019-07-24 - 12:27:04 FM GMT - Time Source: server- IP address: 204.133.39.9
Q Signed document emailed to Karin McDougal (weld-cboe@weldgov.com), Donald McKay Rasmussen
(mckay.rasmussen@spglobal.com), canaya@weldgov.com, Debra Jakino (djakino@co.weld.co.us), and 2 more
2019-07-24 - 12:27:04 PM GMT
linge
Adobe Sign
r _
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: McKay Rasmussen
Contact Email: mckay.rasmussen@spglobal.com
Contact Phone: 720-425-9652
Appeal Submitted: 05:53 PM July 14, 2019
Appeal submitted for:
R1442986 - RASMUSSEN DONALD MCKAY
814 LOCUST ST, WINDSOR
Legal: WIN WM-20 L20 WINDSORMERE VILLAGE 1ST FILING
Reason: Value Too High - Appraisal of property on 03/04/2019. Opinion of Value 355,000
Estimate of Value: $355,000.00
Document(s) Submitted:
Account: All Accounts - Appraisal 814 Locust St Windsor, CO 80550.pdf
Account: R1442986 - R1442986_INITIAL PROTEST.pdf
You have selected the following Date Preferences:
Tuesday, July 30, 2019, from 1:30 p.m. to 4:30 p.m.
Thursday, July 25, 2019, from 1:30 p.m. to 4:30 p.m.
Thursday, July 25, 2019, from 9:00 a.m. to 12:00 p.m.
Friday, July 26, 2019, from 1:30 p.m. to 4:30 p.m.
Friday, July 26, 2019, from 9:00 a.m. to 12:00 p.m.
The Appeal process can take several weeks for us to complete. You will receive a written decision
on your appeal within five (5) working days of your hearing.
We thank you for your submittal.
Weld County Board of Equalization
L at
2019-2906
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: McKay Rasmussen
Contact Email: mckay.rasmussen@spglobal.com
Contact Phone: 720-425-9652
Appeal Submitted: 01:18 PM May 24, 2019
Appeal submitted for:
R1442986 - RASMUSSEN SEN DONALD MCKAY
814 LOCUST ST, WINDSOR
Legal: WIN WM-20 L20 WINDSORMERE ORMERE VILLAGE 1ST FILING
Reason: Value Too High - Appraisal of property on 03/04/2019. Opinion of Value 355,000
Estimate of Value: $355,000.00
Document(s) Submitted:
Account: All Accounts - Appraisal 814 Locust St Windsor, CO 80550.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
APPRAISAL OF REAL PROPERTY
LOCATED AT
814 Locust St
Windsor, CO 80550
Lot 20, Windsormere Village 1st filing
FOR
Academy Mortgage
339 West 13490 South,
Draper , UT 84020
OPINION OF VALUE
355,000
AS OF
03/04/2019
BY
JIM SCHWINDT
Associated Appraisal Services
970-689-0025
associatedappraisalservices@gmail.com
Form GA1V - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Borrower
Donald
M. Rasmussen
File
No. 5550205
Property
Address 814
Locust St
City
Windsor County
weld
State
CO Zip
Code 80550
Lender/Client
Academy
Mortgage
TABLE OF CONTENTS
Cover Page .1
URAR 2
URAR 3
URARrw. rw. rw. rw. rw. rw. rw. rw. rw. rw. rw 4
URARrw. ... ... ... ... ... ... ... ... ... 5
URAR
URAR
AdditionalComparables 4-6 ..........................................®.... Ell
Additional Comparables 7-9
Comment addendum ..................................
Market Conditions Addendum to the Appraisal Report
Subject Photos
Additional exterior and interior photos
InteriorPhotos..............................................................................................
Interior Photos
Interior Photos
Comparable Photos 1-3
Comparable Photos 4-6
Comparable Photos 7-9
BuildingSketch.....®..b..b..b..b..®..®..®..®..®. iE 01•101•101•101•101•101•101•101e @.F @.F @.F P.! gib @.F @.F P.! gib @.F @.F P.! P.F........F..iE..iE.....F..iE..iE. .N. .N. .N. .N. .N. .N. .N. .N...i6..MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM MMM
PlatMap...Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel Mel INNS NOM NOM NOM ENO ONO ONO ONO ONO ONO ONO ONO ONO ONO ONO ONO ONO ... NOM ONO .............. ill ...........................................................■.............................a
Location Map
USPAP Identification ......
UAD Definitions Addendum
License..............................................................................................................................
6
7
8
9
10
12
13
14
15
16
17
18
19
22O
22
211
23
24
25
28
Form TOCP P - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Associated Appraisal Services
Uniform Residential Appraisal Report
File# 5550205
The
purpose
of
this summary appraisal
report
is to
provide the
lender/client
with
an accurate,
and adequately
supported,
opinion
of
the market
value
of the
subject
property.
Property
Address
814
Locust
St
City
Windsor
State
co Zip
Code
80550
Borrower
Donald
M.
Rasmussen
Owner of
Public
Record
Kelly
K. Jackson &
Debra & Gary Jot County
Weld
Legal
Description
Lot
20, Windsormere
Village
1st
filing
Assessor's
Parcel
#
0807201
08010
Tax
Year 2018
R.E. Taxes $ 2,151
,_
Neighborhood
Name
Windsormere
Map
Reference 24540
Census Tract
0022.06
w
Occupant
►j1
Owner
Tenant
Vacant
Special
Assessments
$
0
PUD
HA $ 0
per year
per month
2
Property
Rights
Appraised
►j4l
Fee
Simple
L
Leasehold
O
Other
(describe)
")
Assignment
Type
O
Purchase
Transaction
❑
Refinance
Transaction
❑
Other
(describe)
Lender/Client
Academy
Mortgage
Address
339 West
13490
South, , Draper
,
UT
84020
Is
the
subject
property
currently
offered
for
sale
or
has
it
been
offered
for sale
in
the
twelve
months
prior
to
the
effective
date
of
this appraisal?
►I1
Yes
No
Report
data
source(s)
used,
offering
price(s),
and
date(s).
DOM
Unk;Not
listed
thru
the
Multi
listing
service
but
under
contract by word
of mouth with the
assistance
of
a
Professional
Realtor.
_
I
►j
did
did
not
analyze
the
contract
for
sale
for the
subject
purchase
transaction.
Explain
the
results
of the
analysis
of the
contract
for sale
or why
the
analysis
was not
performed.
Arms
length
sale;Entire
contract
was
received
and
reviewed
I-
C)
g
Contract
Price
$
355,000
Date
of
Contract
02/21/2019
Is
the
property
seller
the
owner
of
public
record?
►X1
Yes
N
No
Data
Source(s)
Weld Records
z Is
there
any
financial
assistance
(loan
charges,
sale
concessions,
gift
or downpayment
assistance,
etc.)
to
be
paid
by any
party
on
behalf
of
the
borrower?
►al
Yes
No
0 If
Yes,
report
the
total
dollar
amount
and
describe
the
items
to
be
paid.
$2,000;
;Seller
paid
closing
costs
Note:
Race
and
the
racial
composition
of
the
neighborhood
are
not appraisal
factors.
Neighborhood
Characteristics
One -Unit
Housing
Trends
One
-Unit
Housing
Present Land
Use
°I
Location
Urban
►j1
Suburban
❑
Rural
Property
Values
Increasing
►j3
Stable
Declining
PRICE
AGE
One -Unit
75
%
Built
-Up
►J
Over
75%
25-75%
❑
Under
25%
Demand/Supply
❑
Shortage
►j1
In
Balance
❑
Over Supply
$ (000)
(yrs)
2-4
Unit
10
%
a
0
Growth
Rapid
►j1
Stable
❑
Slow
Marketing
Time
e
Under
3 mths
3-6
mths
Over 6 mths
205
Low
0
Multi
-Family
5 %
I
Neighborhood
Boundaries
Subject
bound
to
the
South
by
Eastman,
to
the
East
by
Hwy
257
to the North
915
High
120
Commercial
19
Prici
by
CR
32E
and
to
the
West
by
15th.
340
Pred.
27
Other
6
Neighborhood
Description
The
subject
is
located
Central
East
Windsor
area.
Subject
is
noted as having
typical
conveniences
to
most shopping,
w
public
schools
and
commuting
pathways.
Market
Conditions
(including
support
for
the
above
conclusions)
Typical
financing
is
done
through
conventional,
Fha or
cash equiv.
Interest
rates
at the
time
of
inspection
are
in
the
upper
4"s%
to at
times
low
5'5%@34
yr fixed
and
fluctuating.
See attached
Market
conditions addendum.
Dimensions
Irregular
Area
7475
sf
Shape
Irregular
View
N;Res;
Specific
Zoning
Classification
RL
Zoning
Description
Residential
low
density
Zoning
Compliance
►J
Legal
Legal
Nonconforming
(Grandfathered
Use)
❑
No
Zoning
❑
Illegal
(describe)
Is
the
highest
and
best
use
of
subject
property
as
improved
(or
as
proposed
per
plans
and
specifications)
the
present
use?
►j1
Yes
No If No, describe
Utilities
Public
Other
(describe)
Public
Other(describe)
Off -site Improvements
- Type
Public
Private
la
Electricity
►j�l
Water
C4❑
Street
Asphalt
►��
ch
Gas
►j�l
Sanitary
Sewer
►j1
❑
Alley None
FEMA
Special
Flood
Hazard
Area
Y
Yes
►j
No
FEMA
Flood
Zone
X
FEMA
Map
# 08123C1481
E
FEMA Map
Date
01/20/2016
Are
the
utilities
and
off -site
improvements
typical
for
the
market
area?
CI
Yes
No
If
No,
describe
Are
there
any
adverse
site
conditions
or
external
factors
(easements,
encroachments,
environmental
conditions,
land
uses,
etc.)?
Y
Yes
►j1
No
If
Yes, describe
General
Description
Foundation
Exterior
Description
materials/condition
Interior
materials/condition
Units
One
►j1
One
with
Accessory
Unit
Concrete
Slab
Crawl
Space
Foundation
Walls
Concrete/Avg
Floors
Lam-TI-Cpt/Avg-Gd
#
of
Stories
1
III
Full Basement
Partial
Basement
Exterior
Walls
Brick-VI./Avg
Walls
Sheet Rock/Avg
Type
►j1
Det.
Att.
S-Det./End
Unit
Basement
Area
1,774
sq.ft.
Roof
Surface
Composition/Avg
Trim/Finish
Wood/Avg
►j1
Existing _
Proposed
Under
Cost.
Basement
Finish
80 %
Gutters
&
Downspouts
Metal/Good
Bath
Floor
Tile/Good
Design
(Style)
Ranch
O
Outside
Entry/Exit
S
Sump
Pump
Window
Type
Vinyl/Good
Bath
Wainscot
Resin/Good
Year
Built
1973
Evidence
of
Infestation
Storm
Sash/Insulated
2 Panes/Good
Car
Storage
None
Effective
Age
(Yrs)
10
Dampness
Settlement
Screens
Mesh/Good
►j1
Driveway
# of Cars 2
Attic
None
Heating _
FWA I
►j, l
HWBB
I
❑
Radiant
Amenities
W
Woodstove(s)
# 0
Driveway
Surface
Concrete
D
Drop
Stair
Stairs
O
Other
Fuel
Nat.Gas
►j1
Freplace(s)
# 1
►jrl
Fence Wood
►j1
Garage
# of Cars 2
Floor
►j1
Scuttle
Cooling
Central
Air
Conditioning
►j/
Patio/Deck
Cone
►j1
Porch Concrete
Carport
# of Cars 0
to
Finished
Heated
Individual
►j1
Other
None
Pool
None
Other
None
►j1
Att.
Det.
Built-in
w Appliances
❑
Refrigerator
►j1 Range/Oven
►j1
Dishwasher
►j1
Disposal
►j1
Microwave
Washer/Dryer
Other
(describe)
w Finished
area above
grade
contains:
6
Rooms
3 Bedrooms
1.1
Bath(s)
1,762 Square
Feet
of Gross
Living Area Above
Grade
0 Additional
features
(special
energy efficient
items,
etc.).
New
boiler,
roof cvrg,
laminated
flooring
on main level, windows, updated
kitchen alder cabinetry
te
- with
solid surface
counterto.s,
finished
basement
with
additional
kitchen area.
— Describe
the
condition
of
the
property
(including
needed
repairs,
deterioration,
renovations,
remodeling,
etc.).
C4;Kitchen-updated-six
to ten years
ago;Bathrooms-updated-six
to
ten years ago;Home is
overall
maintained
to a typical
market standard with updating
as noted
above. No
deferred
maintenance
observed
requiring
immediate
attention
to repair.
Are
there
any
physical
deficiencies
or adverse
conditions
that
affect
the
livability,
soundness,
or structural
integrity
of
the
property?
Y
Yes
►J
No If
Yes, describe
Does the
property
generally
conform
to
the
neighborhood
(functional
utility,
style,
condition,
use, construction,
etc.)?
►j1
Yes
No
If
No, describe
Freddie Mac Form 70 March 2005
UAD Version 9/2011 Page 1 of 6
Form 1 OO4UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
File# 5550205
There are 3 comparable
properties
currently offered
for sale in the
subject
neighborhood
ranging in
price from $ 328,000 to
$ 385,000 .
There
are 12
comparable
sales
in
the
subject
neighborhood
within
the
past
twelve
months
ranging in sale
puce from $ 305,000
10$
361,900
.
FEATURE
I
SUBJECT
COMPARABLE
SALE # 1
COMPARABLE
SALE
# 2
COMPARABLE
SALE
# 3
Address
814
Windsor,
Locust St
CO 80550
611
Windsor,
Blue
Mountain
CO
Ct
80550
143
Sunflower
Windsor, CO
Dr
80550
807 Elm
Windsor,
St
CO
80550
Proximity
to
Subject
0.18
miles SE
0.87
miles SE
0.05 miles
NE
Sale
Price
$
355,000
$
361,900
$ 337, 500
$ 325,000
Sale Price/Gross
Liv.
Area
$
201.48
At
$
200.61
sq.ft.
$
216.90
sq.ft.
$ 194.03
sq.ft.
Data
Source(s)
Ires
M Is #870075;
DOM 37
Tres
M Is
#865947;DOM
30
Tres MIs
#860504;
DOM 52
Verification
Source(s)
Realtor/Weld
Cty Assess
Realtor/Weld
Cty Assess
Realtor/Weld
Cty Assess
VALUE
ADJUSTMENTS
DESCRIPTION
DESCRIPTION
+(-) $ Adjustment
DESCRIPTION
+(-) $ Adjustment
DESCRIPTION
+(-) $ Adjustment
Sales
Concessions
or
Financing
ArmLth
Conv;400
0
-400
ArmLth
Conv;0
0
0
ArmLth
VA;0
0
0
Date
of
Sale/Time
s02/19;c01
/19
0
s11/18;c11/18
0
s 10/18;c09/18
0
Location
N;
Res;
N;Cul-De;BsyRd
0
N;Res;
N;Res;
Leasehold/Fee
Simple
Fee
Simple
Fee
Simple
Fee
Simple
Fee
Simple
Site
7475
sf
11989
sf
-5,000
8219
sf
0
7024
sf
0
View
N;
Res,
N;Res,
N;Res;
N;Res;
Design
(Style)
DT1;Ranch
DT4;
Split
Lvl
0
DT2;Traditional
0
DT3;Split
Lvl
0
Quality
of
Construction
04
Q4
Q4
Q4
Actual
Age
46
41
0
39
0
48
0
Condition
C4
C3
-20,000
C3
-20,000
C4
Above
Grade
Total
Bdrms.
Baths
Total
Bdrms.
Baths
Total
Bdrms.
Baths
Total
Bdrms.
Baths
Room
Count
6
3
11
7
3
2.1
-2,000
6
3
21
-2,000
8
4
2.0
-1,000
Gross
Living
Area
1,762 sq.ft.
1,804
sq.ft.
0
1,556
sq.ft.
+7,200
1,675
sq.ft.
+3,000
Basement
Rooms
Below
&
Finished
Grade
1774sf1417sfin
1
rr2br1.0ba1
o
624sf0sfin
+27,000
+2,000
480sf0sfin
+30,000
+2,000
194sf110sfin
OrrObro.Oba10
+27,400
+2,000
Functional
Utility
Average
Average
Average
Average
5
Heating/Cooling
HWBB
FWA/Central
-1,000
FWA/Central
-1,000
FWA/Centra
I
-1,000
0
Energy
Efficient
Items
Standard
Standard
Standard
Standard
a_
Garage/Carport
2ga2dw
2ga1
gd3dw
-7,000
2ga2dw
2ga2dw
<
Porch/Patio/Deck
Pch/Pt/Deck
Comparable
0
Comparable
0
Comparable
0
z
O
Fireplace
1
Fp
1
Fp
1
Fp
1
Fp
ix
a.
0
Net
Adjustment
(Total)
❑
+
CI
-
$
-6,400
D.1
+
-
$ 16,200
e
+
-
$ 30,400
o
Adjusted
of
Comparables
Sale
Price
Net
Gross
Adj.
Adj.
17.5
1.8
%
$
355,500
Net
Gross
Adj.
Adj.
15.4
4.8
%
%
$ 353,700
Net
Gross
Adj.
Adj.
g.4
10.6%
%
$ 355,400
cat) I
�i
did
❑
did
not
research
the
sale
or
transfer
history
of
the
subject
property
and
comparable
sales.
If
not,
explain
My
research
d
did
►�40
did
not
reveal
any
prior
sales
or transfers
of
the
subject
property
for
the
three
years
prior
to the
effective
date
of this
appraisal.
Data
Source(s)
MIs
Cty
Records
My
research
❑
did
I;1
did
not
reveal
any
prior
sales
or
transfers of
the
comparable
sales
for
the year
prior
to the
date
of sale
of
the comparable
sale.
Data
Source(s)
MLS/Cty
Records
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/Transfer
Price
of
Prior
Sale/Transfer
Data
Source(s)
Mls/County
Records
MLS/County
Records
MIs/County
Records
MLS/County
Records
Effective
Date
of
Data
Source(s)
01/10/2019
01/01/2019
01/10/2019
01/01/2019
Analysis
of
prior
sale
or transfer
history
of the
subject
property
and
comparable
sales
No sales noted
in a 3 year
period
from the
effective date
of the
appraisal
report.
No
additional,
(to
page
1's
noted
listing),
listings noted in the
past 12
months
from the
effective date
of this
appraisal.
The
appraiser
additionally
has had
no
exposure
to the
subject
property
in the
past
36 months.
Summary
of Sales
Comparison
Approach
See
the comments
addendum
Indicated
Value
by
Sales
Comparison
Approach
$
355,000
Indicated
Value
by: Sales
Comparison
Approach
$ 355,000
Cost
Approach
(if developed)
$
384,566
Income Approach
(if developed)
$
The sales
approach
to
value
was
given
the most
consideration
as the Cost approach
to value was relied
on as supportive,
but not in the final
z reconciled
value due to
the
age
of the
subject
and
the subjective
nature
of land values.
There was not
enough
significant
data
to establish a
1- current
O RM for the Income
a.
'roach
and
therefore
the
Income
a
..
roach was not
relied
on as well.
J This
appraisal
is made
wj
"as is ,
subject
to
completion
per
plans
and
specifications
on the
basis
of a
hypothetical
condition
that
the improvements
have
been
completed,
subject
to
the
following
repairs
or alterations
on the
basis of a
hypothetical
condition
that
the repairs
or
alterations
have
been completed,
or
❑
subject
to the
0 following required
inspection
based
on
the extraordinary
assumption
that
the condition
or deficiency does
not
require alteration
or repair
w
ir
Based
conditions,
$
on a complete
and
355,000
appraiser's
visual
, as of
inspection
certification,
03/04/2019
of
my
the
(our)
interior and
opinion
which
exterior
of
the market
is the
areas
date
of
value,
the
of
subject
as defined,
inspection
property,
of the
and the
defined
real
effective
property
scope
date
of
that
of
this
work,
is the
statement
subject
appraisal.
of
of this
assumptions
report
and
is
limiting
Freddie Mac Form 70 March 2005
UAD Version 9/2011 Page 2 of 6
Form 1O04UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
File# 5550205
Scope
of work comments: The appraiser
complied
with USPAPS definition of market value. This appraisal
was not developed
and/or
communicated for anyone other
than
the noted
intended user/client
to
rely on. Based on the intended
use statement noted in the report,
the use
of this report
by other
parties
is not
intended by
the appraiser,
and reliance
on the report
by other
parties does not elevate them to the status
of
intended
user.
When
observing the subject
property,
a complete
physical
observation
of the
property
was made both on the interior
and exterior. I observed
obvious
elements
pertaining
to the
subject
property
including
above
grade
interior
and exterior
improvements.
It
should be noted that the
appraiser
is not an
expert
on
elements
pertaining
to foundations,
roofs,
structural
deficiencies, electrical and mechanical elements, or
environmental
conditions
not
observed
below ground.
If
the
intended
user/clients
have concerns in any of these areas, a inspection
would be
recommended,
but
is
not
required.
Limitations
of the
APPRAISAL
REPORT:
Certain limitations
apply
to
any inspection,
including
inspections
diligently
performed by a qualified
expert.
Even the
most
qualified
and
diligent
appraiser
cannot
always
evaluate,
speculate,
or
predict everything concerning a building
or its site.
In
addition, the reported
data
which
the
appraiser
has
used
throughout
the report
is believed to be reliable but is not
guaranteed.
The limitations
of
this appraisal
include
those
noted
throughout
this report
and
those
listed under
"Statement of Limiting
Conditions" at the end of this report;
I
consider
these limitations
unavoidable.
If you
make any
use
of
the
information
contained
in this report,
it is necessary that you understand and
accept
these limitations.
Neither
all nor
any
part of the
contents
of
this report
shall
be conveyed to any
person or entity - other
than the intended
(0 user/client
- through
advertising,
solicitation
materials,
public
relations,
sales,
or
any other form of media
without the consent and approval
of the
w
firm
with which the appraiser
is connected.
Further, neither
the
appraiser
nor
the
firm assume obligation,
liability, or accountability
to any third
2
tart
. If this retort
is
'laced
in the
hands
of
an one but
the
client,
the
client
shall
make such
tart aware
of all the assumttions
and limitin•
0
conditions
of
the assignment.
#
Extraordinar
Assum
.tions:
The a
•'raiser
was
not able
to
inspect
the
interior
of
the com
tarable's, and in
some cases the exterior was ins
tected
z
by
viewing
extensive
Mis
pictures
in
establishing
the appraiser's
opinion
of that
sale
and therefore I am
making
the assumption
that the interior
1-
conditions
(condition
includes
any
information
regarding
updating
&
remodeling)
are accurately identified
in the MLS comments and/or from
a
listing/selling
Realtors.
Also,
the appraiser
is
assuming that
the
interior
of these
homes is similar to the exterior
- based on his exterior
<
inspections
of
the comparable's.
The appraiser
is assuming
that
there
is no
mold
present in the home of
the subject
property
that could
adversely
effect
any the
occupants.
The
appraiser
is not
an expert
in
this field,
and
is not trained to identify
or diagnose
any molds
present. If the
borrower
is concerned
about
any mold
that
may be
present,
they
should
call
an
expert
in this
field and have
them inspect
the home. Seller
concessions
in
the form
of cash
back
at
closing
or seller financed
closing
costs
are
becoming
more common
in the
area.
The appraiser
notes
that
these concessions
are
sometimes
not
noted
accurately
in
the
MLS
listing.
This
is a
practical limitation
of
this
appraisal.
Unless otherwise
noted,
and in
the
absence
of
contact
with
the
Realtor(s)
involved,
the
appraiser
is
making the extraordinary
assumption
that there were no seller
concessions
in
the
purchase
price.
USPAP
License
fulfillment:
Jim Duane
Schwindt,
#1318385,
Certified
Residential
Appraiser
The
function
of
this appraisal
report
is to
provide
the
noted
lender
and
or assignees
with
a summary appraisal
report.
The intended use of this
appraisal
report
is to
assist
the
noted
lender
and
or assignees
in
analyzing
a
new
loan
for the subject
property.
The report
may not be used for
any
purpose
by
any
person/party
other
than
to
the noted
lender
and
or assignees
to
whom this report
is addressed
without the written consent of
the
appraiser
and
the
appraiser
specifically
disclaims
any
liability
to
such unauthorized
third
parties.FHA
and HUD are intended users
of this
appraisal.
COST
APPROACH
TO
VALUE
(not
required
by Fannie Mae)
Provide
adequate
information
for
the lender/client
to
replicate
the
below
cost
figures
and
calculations.
Support
for
the
opinion
of
site
value
(summary
of comparable
land
sales
or other
methods
for estimating
site
value)
Based
on limited market
data on vacant sites, the
appraiser
did
not
rely
on
the
cost
approach
as determining
the
site
value
is
highly
subjective
due to limited
market data. A regional vacant site
value
perspective
was
used.
OPINION
OF
SITE
VALUE
4 70,000
=
ESTIMATED
REPRODUCTION
OR
►�I
REPLACEMENT
COST
NEW
cl
Source
of
cost
data
Marshall
and
Swift
DWELLING
1,762
Sq.Ft.
@ $ 109.00
4 192,058
E
Quality
rating
from
cost
service
04
Effective
date
of cost
data
01/19
Bsmt.
1,774
Sq.Ft.
@ $ 51.00
4 90,474
c
Comments
on
Cost
Approach
(gross
living
area
calculations,
depreciation,
etc.)
Flatwork/deck
=$ 13,800
to
Cost
data
taken
from
the
Marshall
and
swift
residential
cost
handbook.
Garage/Carport
510
Sq.Ft.
@ $ 32.00 4 16,320
U
Site
data
taken
from
market
abstraction
and
county
records.
All
final
Total
Estimate
of Cost
-New
4 312,652
numbers
rounded
to the
nearest
$100.00.
Depr.
calculated
by
the
age
Less
Physical
Functional
External
life
method
of depr.
As
-Is
site
improvements
included grading.
Cost
Depreciation
48,086
=$4 48,086)
approach
was
included
due
to
lender
requirement
but
was
not
relied
on
Depreciated
Cost
of Improvements
4 264,566
when
establishing
the
subject's
market
value.
"As
-is"
Value
of Site
Improvements
4 50,000
Estimated
Remaining
Economic
Life (HUD
and
VA only)
55 Years
INDICATED
VALUE
BY
COST APPROACH
=$ 384,566
w
INCOME
APPROACH
TO VALUE
(not
required
by Fannie
Mae)
2
Estimated
Monthly
Market
Rent
$
X Gross Rent
Multiplier
= $
Indicated
Value
by Income
Approach
Summary
of Income
Approach
(including
support
for
market
rent
and
GRM)
Overall,
there
were no similar
recent
sales with an notable income available to
establish
the
income
approach.
Therefore,
the
income
approach
was not
used.
PROJECT
INFORMATION
FOR
PUDs
(if applicable)
Is
the
developer/builder
in
control
of
the
Homeowners'
Association
(HOA)?
Y
Yes
No
Unit
type(s)
Detached
Attached
Provide
the
following
information
for PUDs
ONLY
if the
developer/builder
is in control
of the
HOA
and
the
subject
properly
is
an attached
dwelling
unit.
Legal
Name
of Project
z
Total
number
of
phases
Total
number
of units
Total
number
of units
sold
1.
Total
number
of units
rented
Total
number
of units
for sale
Data
source(s)
2
Was
the
project
created
by the
conversion of existing
buildings)
into
a PUD?
❑
Yes
No
If
Yes, date
of conversion.
ir
o
Does
the
project
contain
any multi
-dwelling units?
Yes
No
Data
Source
ILL
z
Are the
units,
common elements,
and
recreation
facilities
complete?
Yes
No
If
No,
describe
the
status
of completion.
0
D
a
Are the
common elements
leased
to
or
by the
Homeowners' Association?
❑
Yes
❑
No If Yes, describe the
rental
terms
and
options.
Describe common elements
and
recreational
facilities.
a -
Freddie Mac Form 70 March 2005
UAD Version 9/2011 Page 3 of 6
Form 1 OO4UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
File# 5550205
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 property being 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 the 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.
Freddie Mac Form 70 March 2005
UAD Version 9/2011 Page 4 of 6
Form 1 OO4UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
File# 5550205
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.
2.. I 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. I 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.
6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a 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. I 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.
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
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 Form 70 March 2005
UAD Version 9/2011 Page 5 of 6
Form 1 OO4UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
File# 5550205
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 appraiser's certification.
2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions,
statements, conclusions, and the appraiser's certification.
3. The appraiser identified in this appraisal report is either a sub -contractor or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal
report was prepared.
5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER
J dr
Signature
Name JIM SCHWINDY
Company Name Associated Appraisal Services
Company Address PO Box 272633
Ft Collins, CO 80527
Telephone Number 970-689-0025
Email Address associatedappraisalservicesgmail.corn
Date of Signature and Report 03105/2019
Effective Date of Appraisal 03/04/2019
State Certification #
or State License #
or Other (describe)
State CO
CR.001318385
State #
Expiration Date of Certification or License 12/31/2019
ADDRESS OF PROPERTY APPRAISED
814 Locust St
Windsor, CO 80550
APPRAISED VALUE OF SUBJECT PROPERTY $ 355,000
LENDER/CLIENT
Name No AMC
Company Name Academy Mortgage
Company Address 339 West 13490 South, , Draper , UT 84020
Email Address appraisaldesk@academymortgage.com
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
Did inspect interior and exterior of subject property
Date 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 Mac Form 70 March 2005
UAD Version 9/2011 Page 6 of 6
Form 1 OO4UAD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
File# 5550205
FEATURE
SUBJECT
COMPARABLE
SALE
# 4
COMPARABLE
SALE # 5
COMPARABLE
SALE
# 6
Address
814
Windsor,
Locust St
CO 80550
409 10th
Windsor,
St
CO 80550
1011
Windsor,
Walnut St
CO 80550
215
Windsor,
Maple Ct
CO 80550
Proximity
to
Subject
0.09
miles W
0.19
miles NW
0.64 miles SE
Sale Price
$ 355,000
$ 320,000
$ 328,000
$ 370,000
Sale Price/Gross
Liv.
Area
$ 201.48
sq.ft.
$
292.24 sql
$
203.47 sq.ft.
$ 215.87
sq.ft.
Data
Source(s)
Tres
MIs #852123;DOM
47
lres
MIs #871577;DOM
27
lres MIs
#873221;DOM
7
Verification
Source(s)
Realtor
Realtor/Weld
Cty Assess
Realtor/Weld
Ct Assess
VALUE
ADJUSTMENTS
DESCRIPTION
DESCRIPTION
+(-) $ Adjustment
DESCRIPTION
+(-) $ Adjustment
DESCRIPTION
+(-) $ Adjustment
Sales
Concessions
or
Financing
ArmLth
Conv;5000
0
0
Listing
Active;0
0
0
Listing
Active;0
0
0
Date
of
Sale/Time
s07/18;c06/18
Active
0
Active
0
= Location
N; Res;
A; BsyRd;
+5,000
N;Res;
N;Res;
0
Leasehold/Fee
Simple
Fee Sim
• Ie
Fee
Sim
• le
Fee
Sim
• le
Fee
Simile
0
Site
7475 sf
10168
sf
-5,000
8976
sf
0
7490
sf
0
f..
View
N;Res;
N;Res;
N;Res;
N;Res;
Design
(Style)
DT 1;Ranch
DT2;
Bi Level
0
DT3; Spl
it Lvl
0
DT1;
Ra
nch
wo
Quality
of
Construction
04
04
04
04
rz
Actual
Age
46
45
0
44
0
39
0
II
Condition
C4
04
C4
C3
-20,000
3
w
Above
Room
Gross
Count
Living
Grade
Area
Total
Bdrms.
Baths
Total
Bdrms.
Baths
Total
Bdrms.
Baths
Total
Bdrms.
Baths
6
3
1.1
5
3
1.0
+1,000
8
3
2.0
-1,000
6
2
2.0
-1,000
1,762 sql
1,095 sq.ft.
+23,300
1,612
sql
+5,300
1,714
sq.ft.
0
0
Basement
Rooms
Below
&
Finished
Grade
1774sf1417sfin
1
rr2 brl
.0 ba
l
o
875sf825sfwu
1n-1
brl
.0ba0o
+14,300
0
462sf250sfin
1
rr0br0.0ba0o
+23,900
+2,000
1322sf1322sfin
1
rrl
brl
.0ba l
o
+3,800
0
Functional
Utility
Average
Average
Average
Average
Heating/Cooling
HWBB
FWA/Central
-1,000
FWA/Central
-1,000
FWA/Centra
I
-1,000
Energy
Efficient
Items
Standard
Standard
Standard
Standard
Garage/Carport
2ga2dw
2ga2dw
2ga2dw
2ga2dw
Porch/Patio/Deck
loch/Pt/Deck
Comparable
0
Comparable
0
Comparable
0
Fireplace
1
Fp
1
Fp
1
Fp
None
+1,000
Net
Adjustment
(Total)
$ 37,600
$ 29,200 _
$ -17,200
+
-
►�1
+
-
+
►�I
-
Adjusted
_ of
Comparables
Sale
Price
Net
Gross
Adj.
Adj.
11.8
15.5
%
%
$ 357,600
Net
Gross
Adj.
Adj.
10.1
8.9
%
%
$ 357,200
Net
Gross
Adj.
Adj.
4.6
7.2%
%
$ 352,800
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
# 4
COMPARABLE
SALE
# 5
COMPARABLE
SALE
# 6
Date
of Prior
Sale/Transfer
Price
of Prior
Sale/Transfer
ic5 Data
Source(s)
MIs/County
Records
MIs/County
Records
MLS/County Records
MIs/County Records
Effective
Date
of Data
Source(s)
01/10/2019
01/10/2018
01/01/2019
01/10/2019
ru Analysis of
prior sale
or transfer
history
of the
subject
property
and comparable
sales
None
J
c
ifs
Analysis/Comments
See above comments
0)
1—
Z
Ill
2
2
O
0
to
z
a
Freddie Mac Form 70 March 2005
UAD Version 9/2011
Fannie Mae Form 1004 March 2005
Form 1004UAD.{AC) - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Uniform Residential Appraisal Report
File# 5550205
FEATURE
SUBJECT
COMPARABLE
SALE
# 7
COMPARABLE
SALE # 8
COMPARABLE
SALE
# 9
Address
814
Windsor,
Locust St
CO 80550
417
Windsor,
8th St
CO 80550
Proximity
to
Subject
0.24 miles E
Sale Price
$ 355,000
$ 385,000
$
$
Sale Price/Gross
Liv.
Area
$ 201.48
sq.ft.
$ 242.90 sql
$ sq.ft.
$ sq.ft.
Data
Source(s)
Ires Mls #871073;DOM
34
Verification
Source(s)
Realtor/Weld
Cty Assess
VALUE
ADJUSTMENTS
DESCRIPTION
DESCRIPTION
+(-) $ Adjustment
DESCRIPTION
+(-) $ Adjustment
DESCRIPTION
+(-) $ Adjustment
Sales
Concessions
or
Financing
Listing
Back
ups;0
0
0
Date
of
Sale/Time
cO2/19
0
= Location
N; Res;
N; Res;
0
Leasehold/Fee
Simple
Fee Sim
• Ie
Fee
Sim
• le
0
Site
7475 sf
6660
sf
0
ft
View
N; Res;
N;Res;
ccz
Design
(Style)
DT 1;Ranch
DT4;
Split
Lvl
0
wo
Quality
of
Construction
04
04
rz
Actual
Age
46
48
0
II
Condition
C4
04
3
w
,a
Above
Room
Gross
Count
Living
Grade
Area
Total
Bdrms.
Baths
Total
Bdrms.
Baths
Total
Bdrms.
Baths
Total
Bdrms.
Baths
6
3
1.1
7
3
1.1
0
1,762 sql
1,585 sq.ft.
+6,200
sq.ft.
sq.ft.
0
Basement
Rooms
Below
&
Finished
Grade
1774sf1417sfin
1
rr2 brl
.0 ba
l
o
360sf360sfin
1
rrObrO.Oba0o
+21,500
+2,000
Functional
Utility
Average
Average
Heating/Cooling
HWBB
FWA/Central
-1,000
Energy
Efficient
Items
Standard
Standard
Garage/Carport
2ga2dw
2gd2dw
0
Porch/Patio/Deck
loch/Pt/Deck
Comparable
0
Fireplace
1
Fp
None
+1,000
Net
Adjustment
(Total)
$ 29,700
$
$
+
+
-
+
-
❑
+
-
Adjusted
of
Comparables
Sale
Price
Net
Gross
Adj.
Adj.
7.7 %
8.2 %
$ 414,700
Net
Gross
Adj.
Adj.
%
%
$
Net
Gross
Adj.
Adj.
9
%
$
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
# 7
COMPARABLE
SALE
# 8
COMPARABLE
SALE
# 9
Date
of Prior
Sale/Transfer
Price
of Prior
Sale/Transfer
ic5 Data
Source(s)
Mls/County
Records
Mls/County
Records
Effective
Date
of Data
Source(s)
01/10/2019
01/10/2019
ru Analysis of
prior sale
or transfer
history
of the
subject
property
and comparable
sales
None observed
J
ifs
Analysis/Comments
See comments
0)
r —
Z
Ill
2
2
O
0
to
z
a
Freddie Mac Form 70 March 2005
UAD Version 9/2011
Fannie Mae Form 1004 March 2005
Form 1004UAD.{AC) - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comment addendum
File No. 5550205
Borrower Donald M. Rasmussen
Property
Address
814
Locust St
City
Windsor County
Weld State
Co Zip
Code 80550
Lender/Client
Academy Mortgage
Carbon monoxide and smoke detector's are present at the time of inspection
and appeared to be functioning.
Utilities were on and working the day of inspection.
All built in appliances were working the day of inspection.
The heating and cooling system were in working order the day of inspection.
Additional highest and best use commentary: The subject's highest and
best use as determined on page 1 is for a single family dwelling which
consideration of all pertinent factors including; Physically possible, Legally
permissible, Financially feasible and Maximally productive, (based on market
value). The subject basement area having a range oven installed is legal
per the Town of Windsor, and is open to interpretation as to qualifying as an
"accessory" unit. It is not legal to lease the basement out per zoning
regulations, but is overall still considered to be a beneficial element
pertaining to appeal. No value was attributed to the basement oven due to
the lack of any supporting data.
The subject was noted as being over the median price of the noted
boundaries on page 1. This is due to a wide degree of residential structures
being included in the sampling. When compared with competitive
properties within the boundaries, the subject is near to the median home
values. In more specific terms... the subject is not over improved to the
area and therefore it's marketability is not impacted in a detrimental
manner.Sales selected were all considered to have equal appeal to the
subject relating to location.
At times single line, net and or gross adjustments may have exceeded
market typicals which again could not be avoided due to the lack of superior,
more recent market data.
When possible with available data, square footage, room utility, bath utility,
garage utility, were all bracketed when sales and listings were available.
When unavailable, typical market response was reflected.
Sales selected were the most recent and representative of the subject
market. Sales #1-#4 are the most similar and most recent closed sales. I
also selected the 3 current competing listings, 1 of the 3 is under contract.
Site adjustments based on grid alignment to larger sites as well as any
negative and or beneficial locational elements such as busy streets, (sale
#4) or off setting cul-de-sac sites with busy street influences, (sale #1)
Condition adjustments were reflected, based on general market response to
age and overall reported and visual maintenance.
Square footage was adjusted at $35 above grade, $5 per unfinished
basement sq ft and $20 per finished basement sq ft. Grid alignment was
relied on predominantly in the adjustments.
Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Comment addendum
File No. 5550205
Borrower Donald M. Rasmussen
Property
Address
814
Locust St
City
Windsor County
Weld State
Co Zip
Code 80550
Lender/Client
Academy Mortgage
At times, Bi level and even split level design comparables may have listed
lower levels as above grade square footage. To compare and analyze
properly to the subject, I listed the lowest leves as "basement" area.
Baths were adjusted for at $2,000 per full and 314 baths and $1,000 per 1/2
baths.
Garages were adjusted for at $7,000 per stall. All adjustments were based
on market response and grid alignment.
No bedroom adjustments were warranted based on typical market response
with the square footage adjustment compensating for typical variances.
I relied on the predominant value of sales and listing data in determining the
subject's market value. There are several elements of note relating to the
sales approach.
The first being the rare nature of +1,600 sq ft ranches that are available for
sale. This element is a beneficial element that while not adjusted for
particularly against the larger non ranches, it typically is deemed to be a
favorable element and at a minimum will typically generate purchasers
quicker than multi level properties and at times for higher prices.
The second element is the subject having the range oven. This is the only
qualifier that represents the notation Accessory" unit. While having this
fixture,. (estimated cost of $500+/-), it would not be a legal use of the subject
as an over under duplex. For this reason, no value was attributed to the
range oven, nor would there be any variance in the market with the subject
noted as having an accessory unit. I also was unable to locate any similar
sales or listings with the same set up.
Overall, the subject was noted as being a beneficial property to the market
which was slightly offset by off peak market timing, but also was never
exposed to an open market thru the MIs but thru word of mouth between the
purchaser and seller.
Consideration was reflected to all 3 approaches with the sales approach
being relied on predominantly based on available data and the reliability of
the data. The cost approach was supportive as well and the income
approach is not applicable due to the lack of available supporting data along
and predominant use. In the sales approach, equal weight was placed on
all of the comparables in support of the subject's final estimated market
value.
Form TADD - "TOTAL" appraisal software by a la mode, ine. - 1-800-ALAMODE
Market Conditions Addendum to the Appraisal Report
File No. 5550205
The
neighborhood.
purpose
of this
This
addendum
is a required
is
to
addendum
provide the
lender/client
for all
appraisal
with
reports
a clear
with
and
an
accurate
effective
date
understanding
on
or after
of
April
the
market
1, 2009.
trends
and
conditions
prevalent
in
the subject
Properly
Address
814
Locust
St
City
Windsor
State
CO ZIP
Code
80550
Borrower
Donald M. Rasmussen
Instructions:
it
in
housing
explanation.
average.
subject
is
the
available
analysis.
trends
Sales
property.
The
and
It
and
is
If
and
recognized
data
The
appraiser
reliable
overall
listings
sources
appraiser
and
market
that
must
must
must
provide
must
use
not
be
conditions
provide
properties
the
all
explain
data
the
information
analysis
sources
required
any
as
that
reported
anomalies
required
as
will
information
compete
indicated
in
be
the
in
able
with
the
on
Neighborhood
as
this
below.
to
the
an
data,
provide
subject
form
average
If
such
as
any
data
property,
as
the
section
required
instead
for
seasonal
basis
the
of
of
determined
for
data
shaded
the
the
markets,
his/her
appraisal
is
median,
unavailable
areas
conclusions,
the
by
new
below;
applying
report
appraiser
construction,
or
if
form.
is
the
it
and
considered
is
The
available,
should
criteria
must
foreclosures,
appraiser
that
provide
report
unreliable,
however,
would
the
support
must
available
etc.
be
the
the
HI
used
for
in
appraiser
appraiser
all
those
figure
by
the
a
conclusions,
information
must
must
and
prospective
identify
provide
include
to
buyer
it
the
an
regarding
the
as
extent
data
an
of
the
Inventory
Analysis
Prior
7-12
Months
Prior
4-6
Months
Current
—3
Months
Overall
Trend
Total
#
of
Comparable
Sales
(Settled)
6
2
3
Increasing
►��
Stable
Declining
Absorption
Rate
(Total
Sales/Months)
1.00
0.67
1.00
❑
Increasing
0
Stable
❑
Declining
Total
#
of
Comparable
Active
Listings
1
3
3
D
Declining
► jI
Stable
I
Increasing
Months
of
Housing
Supply
(Total
Listings/Ab.Rate)
1.0
4.5
3.0
D
Declining
► 4
Stable
I
Increasing
Median
Sale
&
List
Price,
D0M,
Sale/List
%
Prior
7-12
Months
Prior _
4
6
Months
Current
—3
Months
Overall
Trend
Median
Comparable
Sale
Price
330,500
317,500
331250
Increasing
��i
Stable
Declining
Medan
Comparable
Sales
Days
on
Market
45
55
55
Declining
CI
Stable
Increasing
Medan
Comparable
List
Price
312,500
325,000
370,000
►. 1
Increasing
Stable
❑
Declining
Medan
Comparable
Listings
Days
on
Market
Unavailable
Unavailable
22
D
Declining
►sit
Stable
Increasing
Median
Sale
Price
as
%
of
List
Price
142.46
98.89
100.28
I
Increasing _
Stable
►l
Declining
Seller
-(developer,
builder,
etc.)paid
financial
assistance
prevalent?
Yes
►
1
No
D
Declining
0
Stable
Increasing
Explain
fees,
options,
in
detail
etc.).
the
seller
concessions
Overall
trends
trends
for the
consistent
past
12
months
with
a
(e.g., seller
sellers
market
contributions
increased
in limited
sellers
from 3%
to
•a
5%,
in•
increasing
an
closin•
use
of
costs.
buydowns,
closing
costs,
condo
U)
w
w
a
Are
foreclosure
sales
(REO
sales)
a factor
in the
market?
Y
Yes
►kit
No
If yes, explain
(including
the trends
in listings
and
sales
of
foreclosed
properties)
.
Cite
data
sources
for above
information.
MIs and
Realist
county
records
. Data
was
selected
from the
boundaries
noted
on
page
one
with
additional
qualifiers
of
properties
having
1,500-2,100
sq
ft
above
grade and
constructed
between 1950-1989
and
priced
between
$300,000-$425,
000.
Summarize
an
analysis
the
of
above
pending
information
sales
and/or
as
expired
support
and
for
your
withdrawn
conclusions
listings,
in
to
the Neighborhood
formulate
your
conclusions,
section
of the
provide
appraisal
both
report
an
explanation
form.
If
you
and
used
support
any
for
additional
your
conclusions.
information,
such
as
Overall,
supply
and
demand
is
considered
to be
seller
favored
with 2 listings
without
offer and 1
I listing
under
contract.
Additionally,
all
other
relevant
elements
appear
to
be level
If
the
subject
is
a
unit in
a condominium
or cooperative
project,
complete
the
following:
Project
Name:
Subject
Project
Data
Prior
7-12
Months
Prior 4-6
Months
Current—
3
Months
Overall
Trend
Total
# of
Comparable
Sales (Settled)
I
Absorption
Rate
(Total
Sales/Months)
I
Increasing
Stable
Declining
Total
# of
Active
Comparable
Listings
Declining
Stable
Increasing
Months
of
Unit
Supply
(Total
Listings/Ab.Rate)
Declining
Stable
Increasing
Are
foreclosure
sales
(REO
sales)
a factor
in
the
project?
Yes
No
If
yes, indicate
the
number
of REO listings
and
explain
the
trends
in listings
and
sales
of
foreclosed
properties.
w
•
a
a
0
i
z
•
Summarize
the
above
trends
and
address
the
impact
on the
subject
unit
and
project.
Signature
Signature
Appraiser
Name JIM SCUMINDT
z
Supervisory
Appraiser
Name
Company
Name Associated A.'raisaI
Services
Company
Name
Company
Address
PO Box 272633
, Ft Collins, CO 80527
Company
Address
1
State
License/Certification
# CR.001318385
State
CO
State
License/Certification
# State
Email
Address
associatedappraisalservices@gmail.com .com
Email
Address
Freddie Mac Form 71 March 2009
Page 1 of1
Fannie Mae Form 1004MC March 2009
Form 1004MC2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Subject Photo Page
Borrower Donald M. Rasmussen
Property
Address
814
Locust St
City
Windsor County
Weld State
Co Zip
Code 80550
Lender/Client
Academy Mortgage
Subject Front
814 Locust St
Sales Price 355,000
Gross Living Area 1,782
Total Rooms 6
Total Bedrooms 3
Total Bathrooms 1.1
Location N;Res;
View N;Res;
Site 7475 sf
Quality C4
Age 46►
Subject Rear
Subject Street
Form PIC3X5.SR SR - "TOTAL" appraisal software by a la mode, inc. -1-300-ALAM ODE
Additional exterior and interior photos
Additional side
Borrower Donald M. Rasmussen
Property
Address
814
Locust St
City
Windsor County
weld
State
Co Zip
Code 80550
Lender/Client
Academy Mortgage
, !III(' ,)---;:l:frCrj..--,:leseeetsHe'
. I
lj� f -tie-,, rte,
I ---
Rear patio and deck area
Additional patio and deck view
Living room
Additional living room view
Dining room
Form PICINT6 - "TOTAL" appraisal software by a la mode, inc. -1-000-ALAMODE
Interior Photos
Borrower Donald M. Rasmussen
Properly
Address
814
Locust St
City
Windsor County
Weld State
CO Zip
Code 80550
Lender/Client
Academy Mortgage
Updated kitchen
Bedroom
Laundry
Bedroom
Bath
Bedroom
Form PICINT6 - "TOTAL" appraisal software by a la mode, inc.-1-80O-ALAMODE
Interior Photos
1/2 bath
Unfinished basement
Basement kitchen
Borrower Donald M. Rasmussen
Properly
Address
814
Locust St
City
Windsor County
Weld State
CO Zip
Code 80550
Lender/Client
Academy Mortgage
Unfinished basement
Family room
Basement conforming bedroom
Form PICINT6 - "TOTAL" appraisal software by a la mode, inc.-1-80O-ALAMODE
Interior Photos
Borrower Donald M. Rasmussen
Properly
Address
814
Locust St
City
Windsor County Weld State
CO Zip
Code 80550
Lender/Client
Academy Mortgage
Basement bath
Basement conforming bedroom
Mechanical
Form PICINT6 - "TOTAL" appraisal software by a la mode, inc. -1-000-ALAMODE
Comparable Photo Page
Borrower
Donald
M. Rasmussen
Property
Address 814
Locust St
City
Windsor County
Weld
State
CO Zip
Code 80550
Lender/Client
Academy
Mortgage
Comparable el
611 Blue Mountain Ct
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bed rooms
Total Bathrooms
Location
View
Site
Quality
Age
0.18 miles SE
361,900
1,804
l
3
2.1
N;Cul-De;BsyRd
N;Res;
11989sf
Q4
41
Comparable
143 Sunflower Dr
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Locatio
View
Site
Quality
Age
0.87 mile SE
337,500
1,556
6
3
2.1
N;Res;
N;Res;
8219 sf
04
39
Comparable
807 Elm St
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
0.05 miles NE
325,000
1,675
8
4
2.0
N;Res;
N;Res;
7024 sf
04
48
Form PIC3X5.CR -'TOTAL" appraisal software by a la mode, inc. -1-800-ALAMQDE
Comparable Photo Page
Borrower Donald M. Rasmussen
Property
Address
814
Locust St
City
Windsor County
Weld State
Co Zip
Code 80550
Lender/Client
Academy Mortgage
Comp
409 10th St
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bed roo nos
Total Bathrooms
Location
View
Site
Quality
Age
arable 4
0.09 miles W
320,000
1,095
5
3
1.0
A; BsyRd;
N;Res;
10168 sf
O4
45
Comparable 5
1011 Walnut St
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bed roo ms
Total Bathrooms
Locatio n
View
Site
Quality
Age
0.19 miles NW
328,000
1,612
8
3
2.0
N;Res;
N;Res;
8976 sf
O4
44
Comparable 6
215 Maple Gt
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bed roo nos
Total Bathrooms
Location
View
Site
Quality
Age
0.64 miles SE
370,000
1,714
6
2
2.0
N;Res;
N;Res;
7490 sf
O4
39
Form PIC3X5.CR -'TOTAL' appraisal software by a la mode, inc. -1-300-ALAMODE
Comparable Photo Page
Borrower Donald M. Rasmussen
Property
Address
814
Locust St
City
Windsor County
Weld State
Co Zip
Code 80550
Lender/Client
Academy Mortgage
Comparable 7
417 6th St
Prox. to Subject 0.24 miles E
Sale Price 385,000
Gross Living Area 1,585
Total Rooms 7
Total Bedrooms 3
Total Bathrooms 1.1
Location N;Res;
View N;Res;
Site 6660 sf
Quality 04
Age 48
Comparable
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bed roo ms
Total Bathrooms
Locatio n
View
Site
Quality
Age
Comparable 9
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Form PIC3X5.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Building Sketch
Borrower Donald M. Rasmussen
Properly
Address
814
Locust St
City
Windsor County
Weld State
CO Zip
Code 80550
Lender/Client
Academy Mortgage
38' 9"
0
Bedroom
12'
Unfin
Unfin
Closet
ath
Family
Bedroom
7'
Kitchen
12'
57' 91T
38' 91T
Deck
Fp
01
Bath Olaf)
Closet
Laundry
TOTAL Sketch by a la mode, inc.
Living Area
First Floor
24' 3"
Bedroom
h-26iird _
Porch
Bath
l
Bedroom
1.aundr
w
7'
Dining
Kitchen
Cvrd Pt
21' 3"
1
27' 61T 21' 3'
Area Calculations Summary
Calculation Details
IN
Total Living Area (Rounded):
Mon -living Area
2 Car Attached
Basement
1762.19 Sq ft
1762 Sq ft
510 Sq ft
1774.19 Sq ft
23.25 x 12 = 279
34.25 x 12.25 = 419.56
26.5 x 10.25 = 271.62
24 x 27.5 = 660
6 x 22 = 132
24 x 21.25 = 510
23.25 x 12 = 279
34.25 x 38.75 = 1327.19
7 x 24 = 168
Form SKT..BLDSKI - "TOTAL" appraisal software by a la mode, ino. - 1-800-ALAMODE
Plat Map
1GS_1954_Web_Mercator_Auxi lary_Sphere
C Well County Colorado
This map Is a user generated static output tram an Internet mapping site and Is for
reference only. Data layers that appear on this map may or may not be accurate,
current, or otherwise reliable
THIS MAP IS NOT TO BE USED FOR NAVIGATION
Form SCNLTR -'TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE
Location Map
Borrower
Donald
M. Rasmussen
Property
Address 814
Locust St
City
Windsor County
Weld
State
CO Zip
Code 80550
Lender/Client
Academy
Mortgage
a la model Inc.
• f• - I
Fairfield Av
ce
1'
led
zit f
1=$lrfie$J Nee
Grand t
Canal Dr
COMPARABLE No.. 51
loll Walnut St
0,19rnles NW
Vti Ash fit' W Asti St
i]I n St. county Ana
COMPARABLE Not 4
409 10th St
0,09 miles W
E
itt.F8
elkita
a
2
A0.1 St
Walnut 51
Elm S!
ist
it— film
:al: Park
Rif
Timer,
r
I-
2
Birch 5t
r
Y
Isuer
jirteur
P
ar
14/1 tods-or -take
COMPARABLE Non 3
Wahl St
j
:8 7 aim St
0.05Mlles NI
r
tie'
2
4"
Ash �4F
bid 68 , aorta t
1k
COMPARABLE No. 7
417 6th St
0424 Trail E
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COMPARABLE No. 6
2.ta Maple Ct
0.64 mile's 5E
ARC
ir.
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7 I
ror
01
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Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Borrower Donald M. Rasmussen File
No. 5550205
Property
Address 814 Locust St
City
Windsor County
Weld State
co Zip
Code 80550
Lender/Client
Academy Mortgage
APPRAISAL AND REPORT
IDENTIFICATION
This
Appraisal
Restricted
Appraisal
Report
is
Report
Report
one
of the following
(A
(A
restricted
written
written
report
report
to
types:
the
stated
prepared
prepared
intended
under
under
Standards
Standards
use
by the
specified
Rule
Rule
2-2(a)
2-2(b)
client
,
,
or
pursuant
pursuant
intended
to the Scope
to the Scope
user_)
of
of
Work,
Work,
as disclosed elsewhere
as disclosed elsewhere
in this report.)
in this report,
0
I
-
-
-
involved.
-
-
-
-
-
-
-
individual
analyses,
period
client,
were
Comments
certify
The
The
Unless
Unless
I
My
My
My
Unless
Unless
have
in
stater
reported
immediately
engagement
compensation
the
analyses,
that,
otherwise
otherwise
no
effect
otherwise
otherwise
opinions,
amount
providing
-ants
bias
to
at
the
analyses,
with
opinions,
the
of
in
best
and
indicated,
indicated,
preceding
for
of
time
indicated,
indicated,
significant
fact
respect
this
the
on
of
conclusions.
completing
contained
opinions,
assignment
value
and
this
my
Standards
I
I
acceptance
to
conclusions
report
I
no
real
knowledge
have
have
the
opinion,
have
one
in
and
this
property
no
performed
property
was
made
this
was
the
provided
conclusions
present
assignment
prepared.
and
report
of
this
not
attainment
were
a
appraisal
that
personal
belief:
no
contingent
significant
are
or
assignment.
is
developed,
prospective
services,
the
is
Rule
true
are
not
of
inspection
assistance
limited
subject
and
upon
a
real
contingent
stipulated
as
and
2-3
correct.
only
interest
an
of
developing
this
property
of
is
appraiser
this
stated
by
report
the
upon
result,
in
report
the
the
property
appraisal
elsewhere
reported
or
or
the
or
has
property
or
reporting
in
development
the
been
the
that
assistance
any
occurrence
assumptions
parties
in
that
prepared,
is
other
the
this
predetermined
is
involved
the
capacity,
or
subject
to
report).
of
in
the
reporting
and
subject
a
conformity
subsequent
of
person(s)
with
limiting
regarding
results.
this
of
this
of
report.
this
a
conditions
the
assignment.
predetermined
event
with
signing
report
the
property
directly
this
and
Uniform
and
no
certification
that
value
related
are
Standards
personal
my
is
personal,
the
or direction
to
(if
interest
subject
the
of
there
intended
Professional
are
impartial,
of
in
with
this
value
exceptions,
respect
use
report
that
and
of
Appraisal
this
favors
unbiased
to
within
the
appraisal.
the
the
name
parties
the
Practice
professiona
three-year
cause
of
each
of
that
the
Reasonable
appraised
My
12
Opinion
sales
would
noted
of
have
Reasonable
as
offered
Exposure
a 30
on
day
Time
the market
Time
or less
for
marketing
(USPAP
prior to
the
subject
the
period.
hypothetical
defines
property
Exposure
Time
consummation
at the market
as
the
of
value
estimated
a sale
stated
at
market
length
in
this
of time
value on
report
that
the
is:
effective
the
property
interest
date of
1-30
the
appraisal.)
being
days
with
10
of
the
having
Exposure
been
I
Note
Comments
have
any
not
USPAP-related
performed
on Appraisal and
issues requiring
any services as an appraiser
Report Identification
disclosure and any state
or in any other capacity
mandated
regarding
requirements:
the
property
that is the subject
of
this report
within the
three-year
period immediately
preceding acceptance
of this assignment'
I
Inspection
APPRAISER:
Signature:
Name:
State
or
Slate:
Date
Effective
Date
Stale
of
of
Certification
JIM
SUPERVISORY
Signature:
Name:
Stale
or
Stale:
Date
Inspection
Date
Certification
Slate
of
of
or CO -APPRAISER
(if applicable):
SCH''
INDT
/
License
co
#:
Appraisal:
#:
Expiration
and
(if
CR.001318385
License
#:
#:
Expiration
(if
Report
applicable):
Date
03/04/2019
of Certification
03/05/2019
or
License:
12/31/2019
Date
of
Certification
or
License:
Signature
Inspection
Dale
of
of
Subject:
Signature:
Inspection
of
Subject:
applicable):
None
Interior
and
Exterior
Exterior
-Only
None
03/0412019
I►i1
Interior
and
Exterior
Exterior
-Only
Form ID14E -'TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE
File No. 5550205
UNIFORM APPRAISAL DATA ET (UAD) DEFINITIONS ADDENDUM
(Source: Fannie Mae UAD Appendix D: UAD Field -Specific Standardization Requirements)
Condition Ratings and Definitions
Cl
The improvements have been recently constructed and have not been previously occupied. The entire structure and all components are new
and the dwelling features no physical depreciation.
Note: Newly constructed improvements that feature recycled or previously used materials and/or components can be considered new dwellings
provided that the dwelling is placed on a 100 percent new foundation and the recycled materials and the recycled components have been
rehabilitated/remanufactured into like -new condition. Improvements that have not been previously occupied are not considered "new" if they
have any significant physical depreciation (that is, 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 are either almost new or have been recently completely renovated and
are similar in condition to new construction.
Note: The improvements represent a relatively new property that is well maintained with no deferred maintenance and little or no physical
depreciation, or an older property that has been recently completely renovated.
C3
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.
Note: The improvement is in its first -cycle of replacing short-lived building components (appliances, floor coverings, HVAC, etc.) and is
being well maintained. Its estimated effective age is less than its actual age. It also may reflect a property in which the majority of
short-lived building components have been replaced but not to the level of a complete renovation.
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.
Note: The estimated effective age may be close to or equal to its actual age. It reflects a property in which some of the short-lived building
components have been replaced, and some short-lived building components are at or near the end of their physical life expectancy; however,
they still function adequately. Most minor repairs have been addressed on an ongoing basis resulting in an adequately maintained property.
C5
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 diminished due to condition, but the dwelling remains
useable and functional as a residence.
Note: Some significant repairs are needed to the improvements due to the lack of adequate maintenance. It reflects a property in which many
of its short-lived building components are at the end of or have exceeded their physical life expectancy but remain functional.
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.
Note: Substantial repairs are needed to the improvements due to the lack of adequate maintenance or property damage. It reflects a property
with conditions severe enough to affect the safety, soundness, or structural integrity of the improvements.
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 refinements 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.
UAD Version 9/2011 (Updated 1/2014)
For UADDEFINE1A - "TOTAL' appraisal software by a la mode, inc. -1-800-AEAMODE
UNIFORM APPRAISAL DATA ET (UAD) DEFINITIONS ADDENDUM
(Source: Fannie Mae UAD Appendix D: UAD Field -Specific Standardization Requirements)
Quality Ratings and Definitions (continued)
03
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 owners 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.
05
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.
Q6
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.
Example:
3.2 indicates three full baths and two half baths.
UAD Version 9/2011 (Updated 1/2014)
Form UADDEFINEIA - "TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE
UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
(Source: Fannie Mae UAD Appendix 0: UAD Field -Specific Standardization Requirements)
Abbreviations Used in Data Standardization Text
Abbreviation
Full Name
Fields Where This Abbreviation
May Appear
A
Adverse
Location
& View
ac
Acres
Area, Site
AdjPrk
Adjacent
to Park
Location
AdjPwr
Adjacent
to Power
Lines
Location
ArmLth
Arms
Length
Sale
Sale
or Financing Concessions
AT
Attached
Structure
Design (Style)
_
B
Beneficial
Location
& View
ba
Bathroom(s)
Basement
& Finished
Rooms
Below
Grade
br
Bedroom
Basement
& Finished
Rooms
Below
Grade
BsyRd
Busy Road
Location
c
Contracted
Date
Date
of Sale/Time
Cash
Cash
Sale or Financing Concessions
Comm
Commercial
Influence
Location
Cony
Conventional
Sale or Financing Concessions
cp
Carport
Garage/Carport
CrtOrd
Court Ordered
Sale
Sale
or Financing Concessions
CtySky
City View Skyline
View
View
CtyStr
City
Street
View
View
cv
Covered
Garage/Carport
DOM
Days On
Market
Data
Sources
DT
Detached
Structure
Design (Style)
dw
Driveway
Garage/Carport
e
Expiration
Date
Date
of Sale/Time
Estate
Estate
Sale
Sale or Financing Concessions
FHA
Federal Housing Authority
Sale or Financing Concessions
g
Garage
Garage/Carport
ga
Attached
Garage
Garage/Carport
gbi
Built-in
Garage
Garage/Carport
gd
Detached
Garage
Garage/Carport
GlfCse
Golf
Course
Location
Glfvw
Golf
Course View
View
GR
Garden
Design (Style)
HR
High
Rise
Design (Style)
in
Interior
Only
Stairs
Basement & Finished
Rooms
Below
Grade
Ind
Industrial
Location
& View
Listing
Listing
Sale
or Financing Concessions
Lndfl
Landfill
Location
LtdSght
Limited
Sight
View
MR
Mid
-rise
Design (Style)
Mtn
Mountain
View
View
N
Neutral
Location
& View
NonArm
Non
-Arms
Length
Sale
Sale
or Financing Concessions
o
Other
Basement
& Finished
Rooms Below
Grade
O
Other
Design (Style)
op
Open
Garage/Carport
Prk
Park
View
View
Pstrl
Pastoral
View
View
PwrLn
Power
Lines
View
PubTrn
Public
Transportation
Location
Relo
Relocation
Sale
Sale
or Financing Concessions
REO
REO Sale
Sale
or Financing Concessions
Res
Residential
Location
& View
RH
USDA
-
Rural
Housing
Sale
or Financing Concessions
rr
Recreational
(Rec)
Room
Basement
& Finished
Rooms Below
Grade
RT
Row or Townhouse
Design (Style)
s
Settlement
Date
Date
of Sale/Time
SD
Semi-detached
Structure
Design (Style)
Short
Short
Sale
Sale
or Financing Concessions
sf
Square
Feet
Area, Site,
Basement
sqm
Square
Meters
Area, Site
Unk
Unknown
Date
of Sale/Time
VA
Veterans
Administration
Sale or Financing Concessions
w
Withdrawn
Date
Date
of Sale/Time
wo
Walk
Out
Basement
Basement & Finished
Rooms
Below
Grade
Woods
Woods
View
View
Wtr
Water
View
View
WtrFr
Water
Frontage
Location
wu
Walk
Up
Basement
Basement
& Finished
Rooms Below
Grade
UAD Version 9/2011 (Updated 1/2014)
Form UADDEFINE1A - "TOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
License
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Form SCNLGL "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
July 22, 2019
Petitioner:
RASMUSSEN DONALD MCKAY
814 LOCUST ST
WINDSOR, CO 80550-4742
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 2019-2906, AS0103 Appeal 2008224626 Hearing 7/25/2019 1:00 PM
Account(s) Appealed:
R1442986
Dear Petitioner(s):
The Weld County Board ofEqualization has setadate ofJuly 25, 2019, atorabout the hour of1:00
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
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