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Home My WebLink About20192663.tiffAugust 6, 2019 Petitioner: BOLLIG PATRICIA A 2629 50TH AVE GREELEY, CO 80634-4017 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-2663 Appeal 2008224338 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 R2563486 Stipulated - Approved Stipulated Value $380,359 $355,000 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, induding 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 R2563486 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: Patricia Bollig 2629 50th Ave Greeley CO 80634 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2019 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner (s) and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: GR E-360 L3 BLK5 HIGHLAND PARK 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 $380,359 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 $355,000 5. The valuation, as established above, shall be binding only with respect to tax year2019 6. Brief narrative as to why the reduction was made: Inspected the home and was provided a fee appraisal performed within the base period that values the property at the new stipulated value. Market grid supports the decrease. 7. Both parties agree that: nThe hearing scheduled before the Board of Equalization on at be vacated. [71A hearing has not yet been scheduled before the Board of Equalization. 1 ao19—aCoCo3 ^SO 1O3 DATED this 10th P Boll/3 P Mifig (Ju. 10, 2019% Petitioner(s) or Agent or Attorney day of July , 2019 Address: 2629 50th Ave Greeley CO 80634 Telephone: 9703020513 Docket Number R2563486 Stip-1.Frm (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: 1150 "0" 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 R2563486 / Bollig Final Audit Report 2019-07-11 Created: 2019-07-10 By: Duane Robson (drobson@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAAIF2wcxL91B7KCw0IHrv7bMpQvgC18Hwa "R2563486 / Bollig" History in Document created by Duane Robson (drobson@co.weld.co.us) 2019-07-10 - 4:02:17 PM GMT- IP address: 204.133.39.9 C-. Document emailed to Duane Robson (drobson@co.weld.co.us) for approval 2019-07-10 - 4:02:19 PM GMT t Document approved by Duane Robson (drobson@co.weld.co.us) Approval Date: 2019-07-10 - 4:02:51 PM GMT - Time Source: server- IP address: 204.133.39.9 Ey Document emailed to Tom Chagolla (tchagolla@weldgov.com) for approval 2019-07-10 - 4:02:52 PM GMT n Email viewed by Tom Chagolla (tchagolla@weldgov.com) 2019-07-10 - 4:04:48 PM GMT- IP address: 204.133.39.9 6o Document approved by Tom Chagolla (tchagolla@weldgov.com) Approval Date: 2019-07-10 - 4:11:45 PM GMT - Time Source: server- IP address: 204.133.39.9 E. Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-10 - 4:11:46 PM GMT Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-10 - 5:44:00 PM GMT- IP address: 204.133.39.9 e Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-10 - 8:11:25 PM GMT - Time Source: server- IP address: 204.133.39.9 E Document emailed to P Bollig (patti.bollig@comcast.net) for signature 2019-07-10 - 8:11:27 PM GMT in Email viewed by P Bollig (patti.bollig@comcast.net) 2019-07-11 - 1:51:12 AM GMT- IP address: 76.25.219.157 Adobe Sign A) Document e -signed by P Bollig (patti.bollig@comcast.net) Signature Date: 2019-07-11 - 2:49:06 AM GMT - Time Source: server- IP address: 76.25.219.157 E, Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-11 - 2:49:07 AM GMT t Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-11 - 12:31:07 PM GMT- IP address: 204.133.39.9 Vic, Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-11 - 12:31:44 PM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to Tom Chagolla (thagolla@weldgov.com), Karin McDougal (weld- cboe@weldgov.com), canaya@weldgov.com, P Bollig (patti.bollig@comcast.net), and 2 more 2019-07-11 - 12:31:44 PM GMT Adobe Sign Thank you for submitting an appeal to the Weld County Board of Equalization. We will review the information submitted and you will receive a date to appear before the board. Contact Information: Contact Name: Patricia A Bollig Contact Email: patti.bollig@comcast.net Contact Phone: 970-302-0513 Appeal Submitted: 01:49 PM July 03, 2019 Appeal submitted for: R2563486 - BOLLIG PATRICIA A 2629 50TH AVE, GREELEY Legal: GR E-360 L3 BLK5 HIGHLAND PARK Reason: Value Too High - House has never been updated which should substantially reduce value. House is dated. House is unique in that it has only two bedrooms upstairs and one full bath. House is located on 50th Avenue which is becoming a very busy street. Noise from 34 has increased to cause a major impediment to selling. New hospital being built will only increase traffic. Major products produced in Weld County including beef and oil/gas reduce value of property. Estimate of Value: $250,000.00 Document(s) Submitted: Account: R2563486 - R2563486_INITIAL PROTEST.pdf You have selected the following Date Preferences: Thursday, August 1, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, August 1, 2019, from 1:30 p.m. to 3:30 p.m. Tuesday, July 30, 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. Monday, July 29, 2019, from 3:00 p.m. to 4:30 p.m. Thursday, July 25, 2019, from 1:30 p.m. to 4:30 p.m. The Appeal process can take several weeks for us to complete. You will receive a written decision on your appeal within five (5) working days of your hearing. We thank you for your submittal. Weld County Board of Equalization 2019-2663 A50(03 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: Patricia A Bollig Contact Email: patti.bollig@comcast.net Contact Phone: 970-302-0513 Appeal Submitted: 11:31 AM May 06, 2019 Appeal submitted for: R2563486 - BOLLIG PATRICIA A 2629 50TH AVE, GREELEY Legal: GR E-360 L3 BLK5 HIGHLAND PARK Reason: Value Too High - House has never been updated which should substantially reduce value. House is dated. House is unique in that it has only two bedrooms upstairs and one full bath. House is located on 50th Avenue which is becoming a very busy street. Noise from 34 has increased to cause a major impediment to selling. New hospital being built will only increase traffic. Major products produced in Weld County including beef and oil/gas reduce value of property. Estimate of Value: $250,000.00 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 Chloe Rempel From: Sent: To: Subject: Attachments: PATTI BOLLIG <patti.bollig@comcast.net> Wednesday, July 3, 2019 2:21 PM Esther Gesick Fwd: R2563486 IMG_5009.JPG; IMG_5010.JPG; IMG_5011.JPG; IMG_5012.JPG; IMG_5013.JPG; IMG_ 5014.) PG Caution: This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Forwarding email as per phone call today. Please attach to appeal. Patti Bollig 979.302.0513 Original Message From: patti.bollig@comcast.net To: Patti Bollig <patti.bollig@comcast.net> Date: July 3, 2019 at 1:35 PM Subject: Sent from Xfinity Connect App 1 LOCATED AT: 2629 50TH AVENUE GREELEY, CO 80634 FOR: WELD SCHOOLS CREDIT UNION 2555 47TH AVENUE GREELEY, CO, 80634 BORROWER: PATRICIA A BCLLIG AS OF: March 26, 2018 BY: WILLIAM B DENNY, CREA CERTIFIED RESIDENTIAL APPRAISER -me" INVOICE ses****** I de Ni rlTiber; S • V11I I I) SCHOOLS • - WI 11) `, . C.F�� DI I UNION �C,I IOOLS CREDI I 2!-thh 47TH UNION AVENUE Gut LLY, CO 80634 Borrower : Invoice # : Order Date : Reference/Case # PC) Number : 2629 50TH AVENUE GREELEY, CO 80634 Yerrns: NET 30 DAYS I'A l NICIA A floc I I(, 03/21/2018 Invoice I otal State Sales fax Deposit Deposit Amount Due Please Make Check Payable fo: ALL AMERICAN APPRAISERS, LLC 2217 75TH AVENUE GREELEY. CO 80634 t el I . f ). # : 45-3030625 (a) 970.556.9272 t s (s (S S e • r 475 00 0.00 4x500 -- •e' ,- ffitKS LLC. Uniform Residential Appraisal Report CLARIFICATION OF INTENDED USE AND INTENDED USER I Ir No 1NSCU20182629 THE IN --1 E~N�ED USER OF THIS APPRAISAL�'- --- - THE INTEND T OF THIS ARP REPORT IS THE LENDER/CLIENT THE • --APPRAISAL FOR A MORTGAGE FINANCE_ TRANSACTION, INTENDED USE IS TO EVALUATE THE PROPERLY THAT IS THE SUBJECT %REPORTING APP NSACTION, SUBJECT -"�- H ENpEp REQUIREMENTS OF THIS APPRAISAL REP TO THE STATED SCOPE OF WORK, PURPOSE OF_ USERS ARE IDENTIFIED BY THE APPRAISERORT FORM AND DEFINITION OF MARKET VALUE NO ADDITIONAL ELECTRONIC SIGNATURES ALL ELECTRONIC SIGNATURES ON THIS REPORT HAVE A SECURITY FEATURE MAINTAINED BY INDIVIDUAL PASSWORDS FOR EACH SIGNING APPRAISER NO PERSON CAN ALTER THE APPRAISAL WITHOUT THE EXCEPTION OF THE ORIGINAL SIGNING APPRAISER CONDITION OF THE PROPERTY S THE APPRAISER IS NOT A HOME INSPECTOR. THIS REPORT SHOULD NOT BE RELIED UPON TO DISCLOSE ANY CONDITIONS PRESENT IN THE SUBJECT PROPERTY. THIS APPRAISAL DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF DEFECTS. A PROFESSIONAL HOME INSPECTION IS RECOMMENDED THE APPRAISER WILLIAM B. DENNY, HAS HAD NO CONTACT WITH THIS PROPERTY WITHIN 3 YEARS PRIOR TO THIS APPRAISAL. COST APPROACH TO VALUE (not r - . uired b Fannie Mae) Provide adesuate 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) THE LAND TO IMPROVEMENT RATIO IS TYPICAL FOR THE AREA DEPRECIATION IS BASED ON THE AGE AND CONDITION OF THE IMPROVEMENTS AND IS CALCULATED BY THE USE OF THE AGE/LIFE METHOD THE COST APPROACH ESTIMATES ARE SUPPORTED BY THE MARSHALL & SWIFT COST HANDBOOK, LOCAL COST INDICATORS. AND CONTRACTORS REPRODUCTION OR ESTIMATED Source of cost data BLUEBOOK APPR BASE frorn cost service BASIC Qualit ratin Comments on Cost A THE COST APPROACH IS BASED ON MARSHALL & SWIFT NFORMATION AFTER RESEARCHING THE SUBJECT PROPERTY AND THE SURROUNDING NEIGHBORHOOD, THE HIGHEST AND BEST USE IS SINGLE FAMILY RESIDENTIAL VACANT LAND SALES WERE RESEARCHED IN DEVELOPING THE OPINION OF SITE VALUE THERE IS EXTERNAL OBSOLESCENCE FROM THE SLIGHT TRAFFIC ON 50TH AVENUE stirnatcd Remainin roach REPLACEMENT COST NEW Effective date of cost data 03/26/2018 OPINION OF SITE VALUE Dwellin 2,011 S . Ft. PS 140.00 Bsmt. 1205 S . ht. cif' S 65.00 PATIO: FENCING Cara e; Carport 825 Sq. Ft. S 50.00 ross twin( area calculations, de reciation, etc.l I Economic Life (! IUD and VA onl 60 Years =S 45.000 281,540 I otal Estimate of Cost -New Less 80 Physical Functional De•reciation $102.778 External 78325 10,000 41,250 411,115 $7,500 De•reciated Cost of Improvements "As -is" Value of Site Im rovements LAND TO IMPROVEMENT RATIO IS COMMON 110.278) 300,837 10.000 INDICATED VALUE BY COST APPROAC i INCOME APPROACH TO VALUE (not reuired b Fannie Mae) 0 X Gross Rent Mult,plier 0 - S 0 indicated Value b Income A. roach 355.800 ,urnmdry of Income Approach (including support for market -ent and GRM) THE INCOME APPROACH WAS NOT USED DUE TO THE SUBJECT PROPERTY AND THE IMMEDIATE AREA BEING PRIMARILY OWNER OCCUPIED PROJECT INFORMATION FOR Pt1Ds (if ap Ible) me rieirdo fir/t uilds:r in control of the r-terrieoWners. A'„ ;riation I! -LOA)? 0 Yes No !Detached Unit type�5) � � Attached F uMOe the, I';liowircj nfrxmation for PIJOs ON! Y if the develoaer/builder is in control of the I -10A and the subject property is an attached dwellinunit. it a) mine of r r)ect r4di rnr;mt,er nl utiases '44 rsumtrN iji units rented I ot,il number of units Total r.urnber of units sold fatal ',umber of units for sale Was the project U created by the tunvenson of an extsbri9 building:5) nto a PM? ED Yes Data source(s) If Yes. date of conversion. 100 pit fisvi Above Grade Room Zo..rt Ciass Lnnn. Area 35 Basement &I- rnrshed Rooms Below Grade Functional LP lit Parch/Patrn/[1erk ORIG LIST PRICE Net Ad ustment I that FEE SIMPLE DT1.RANCH 1205sf 1205sfin 1 rrObrl. 0ba2o TYPICAL HWBB/CAC INSULATED WINDOWS PORCH/PATIO ALL AMERICAN APPRAISERS, LLC Uniform Residential faire► tvr salt' :rr t t• Appraisal ‘14t let. net �eor� 1�+tjhh y •-r,��tt u,t�..._ .. �►hUt r�. P ()ESCRIP -ION ArmLth Cony. 2500 s10/17 c10/17 FEE SIMPLE DT1 RANCH 1754sf 1754sfin 1 rrObrl 0ba2o TYPICAL HWBB/NONE INSULATED WINDOWS PORCH/PATIO Net Adj. 3 9% Gloss Ad 5 4% ArmLth -2 500 VA 7300 s 1 C/ 17 c09/17 FEE SIMPLE DT1 RANCH 03 2101 sf2101 sfin 1 rr2brl Obaoo TYPICAL FAU/CAC INSULATED WINDOWS PORCH/PATIO Net Adj. -3 6: G 355k. 6 3 s02'18 c01118 FEE SIMPLE 0 1934sf 1934sfin 0 lrr2brl Obal o TYPICAL FAU/CAC INSULATED W!NOOVVS PORCH/DECK 11.O1 vw 1JJ r did nut research !he sale of lr�fr)slCr h15(cx of the subject , J 351.990 r( ; qr, 5 4c1 c Y 1 roomy it a ccmparaole sales. If not. explain THE SUBJECT PROPERTY IN THE PAST 36 MONTHS, PER IRESIS MLS NDC DATA AND IRESIS TAX RECORDS OPcRTY HAS NOT M research did nut reveal an nor sale or transfers of the sub ect .ro.ert for the three ears blob to the effective dale of this aal ,,. ars Data source{s IRESIS MLS/NDC DATA/IRESIS TAX RECORDS M research did rnol reveal an nor sales or transfers of the com.arable ;ales 'or the ear .:or to the date of sale of the corn arable sale 1)413 source(, IRESIS MLS/NDC DATA/IRESIS TAX RECORDS Re .go! the results of the rrr•,earch and anal s:s of the Hate of f'rlli Sale/Transfer Price of Prior Sale! lr:rrtsfer ;Data Sc,urre s t fir't►vrr Date of f)ata Sources 06/19/1992 $131,500 for sale or transfer histor of the sub ect . otert and corn SUBJECT NDC DATA #001340 03/26/2018 COMPARABI F SALE NO 1 11/23/2011 $139 527 NDC DATA .3807851 atable sales re or: additional rtor sales on Da .e 31 :OVPARABI [ SAL E NO 2 05/16/2002 $270,000 NOG DATA #29519,4 COMPARABLE SALE \0 3 02/13/2018 $435 GOO NDC DA"'� #437481p Atlr•, nt prior S.rlc orr !Twisterhrstur�/ of the sublrrt l "Pen),"Pen),dnd cump.rr,rhlL• yt�lrati 03/26/2018 THE SUBJECT PROPERTY HAS NOT TRAN03/27018 MONTHS PER IRESIS MLS, NDC DATA, AND IRESIS TAX RECORDS DUE TO THE IN SFERRED ED IN THE PAST THESE ARE THE REASONS FOR THE INCREASE IN THE SUBJECT PROPERTY'S CREASE IN MARKET VALUES AND NEW PAST 12 MONTHS PER IRESIS MLS NDC DATA AND IRESIS TAX RECORDS MARKET VALUE THE COMPARAgLES HAVE TR RUCTION AND RE -TRANSFERRED THE SAME DAY FOR THE SAME AMOUNT T CAMP #3 WAS TRANSFERRED ONANSFERREC IN HIS WAS A RE -TRANSFER 02/13/2018 FOR $435 OCO :+Jrnmary of SAVE, [(imp( ',o' A;:prnr.o SEE ADDENDUM oat s 355,OOO each 1355 OOO 03/25/2018 WNAl)[tigif fl III CfeV• eltnizern t ICc Qnn 1 WELD SCHOOLS CREDIT UNION WELD SCHOOLS CREDIT UNION 2555 47TH AVENUE GREELEY, CO, 80634 File Number: WSCU20182629 In accordance with your request, I have appraised the real property at: 2629 50TH AVENUE GREELEY, CO 80634 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the market value of the property as of March 26, 2018 i s : $355,000 Three Hundred Fifty -Five Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, PP c uslans, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. .7 L� 4Zt44*rr" es -1 WILLIAM B DENNY CREA CERTIFIED RESIDENTIAL APPRAISER -• 'SI :, ... :;f� „ �.. 252-9 _- `' �.ts •..,.4, ` •,, __i .�: :�,; ;T: ,. . ,--•.w...a._..._ Appraisal Report {_(' TN AVENUE. �� _ I --......._. r �& htr, VI/S��UE01 g?5;t�t .,,.1„� :i�c air ;r,,, .......... +► PATRICIA i .t.l: i ,r-ttel •z, t ATR . _. A 60141 „"'.�" '"..-...,,... tl toted {� 'sew. lip (' marvel , Is. tc3'"= 9s"`sR _ -----"�..__ _._.._.,,...G,GF2ELEY w �.tic.lt. r;i ri. s(,t,+ (.1 :totem' � s R `"` --�_- 13 BLr 5 HIGHLAND PARKOver t'uWpc rt cxd pATRtCtA A E�C?L LlG ••••••••••••••••••••••••••to CC) _11,_c r��fw 8.si q _�__ ALT ApN ' ♦ e d \ a — ' ra 1 F t (! 1-4 LA `��MrY -�-"-'_..-.--ww....,,._-.-�.ww..._ ,••••‘••••• %•• .., ' .D PARK " '. lax yew 2017 /O 7 •------ % F Ivan: awner t it ^ �, �•V 1 ! _�..-.w,.w_��, l\.•w.� 628 Qr, ; z.., �;.. -VT( Map i1E'!E`rttt` 169-() "faxes i l�.-- r...... s `�r'"Y'3 �E*t1 X t' t'.e �;i. SWAM Assct>>r"rPt S 0 Census fsew 001408 yr l.e '• -1 . Purchase 1ranslc�,(,-• "ld U Oahe# d' ; -.=he !i!?t_OA S () _ 021.42.±....t. r f oar MI mini, x ,_ ire WELD SCHOOLS CREDIT UNION a-�ce ra tit1t� 'PI rd� rWi f s� ��ct a�; � In cite -e; r sale ^as rc Audress 2555 47TH AVENUE, GREELEY.CO806.34 ~-�� "--- .�... £.fir � :,�st , tx.' �' :pen �flec q t, E C n the ,ti --.�_ :aca ' `' gets: use, o�tetr� l�nte(s; a^d eatp(5). PER �RES�ry� , twelve months ::r�� tct the effective crate :;t �hr�,prarsal � 1:,r` ; No � _-_—" S MLS• THE SUBJECT PR - PROPERTY HAS NOT BEEN !_tSTED IN THE PAST 12 MONTHS :s +xi rtc:t an- tar �^ act t `------ --_. — sly e crnu or stile fel the sub:et( lurch.tse tremsactIon. t x aril pi the rt►5ups GI the analysis of the contract fur sale ur wiry Isle analysis, was rwt periolifi.r-r, Cartt►act Price c Is ere any imam:al assistance %alt: cf Contra( Is the 'a ert seller the owner of ublic record? I Yo.', Suufceft) ssis:ance (loan charges, sale :oncess,ons. girt or downpayment mtint assistance. ) , r Nu 1).it�i .. t' Yes, report the total dollar amount and describe the o rs to dir p Y a ytanee.. i.tc.r ,o be paid by any party on behalf of itir t�orrc,wr,r "� Yes paid.� No Note Race and the racial corn tositlon of the net.hborhood are not a Neighborhood Characteristics Locator, Built-Uo Neighborhood Boundaries T TO THE WEST IS 71ST Suburban 25- 75% Under 25% Demand/Su D! 0 THE NORTH IS W 10TH STREET .'sisal factors. One -Unit Housing Trends TO THE SOUTH AVENUE. AND TO THE EAST IS 35TH AVENUE Neighb 'rhood Description See Attached Addendum X X X In Balance 3-6 mths One -Omit housing ()echoing I'RI(;1 AGE Over Supply SPU() (Yrs) Over Griffis 205 Law iS COUNTY ROAD 54 5,100 No 0 58 Present Lend Use % One -I init 1 4 Una Multi -I ant _ Commercial 70'4/ 10 355 ter I:AA 43 Other VAC 20 Yr: Market Conditions (including suppers for the above conclusions) DUE TO LOW INTEREST RATES THERE IS A STRONG BUYER DEMAND FOR THAT ARE COMPETITIVELY PRICED. THE CURRENT MARKETING TIME iS UP TO SIX MONTHS AND SALES PROPERTIES CONCESSIONS ARE COMMON Dimensions 130X140X130X140 Specific Lon rig Classification R -L Zoning Compliance Area 18200 sf Shape RECTANGULAR View N,Res, _ Lining Description RESIDENTIAL LOW DENSITY/SINGLE FAMILY RESIDENTIAL Legal ❑ Legal Nonconforming (Grandfathered Use) 11 No Loring O Illegal (describe Is the highest and pest use of the subject property as improved (or as proposed per plans and specifications) the present use? No If No. describe. U tilities Public Electricit Gas X x Other (describe) F EMA Special Flood Hazard Area Yes X Water Public Sanitary Sewer No FEMA Flood /one X Are the utilities and off -site improvements typical for the market area? 1)2 Yes Other (describe Off -site Improvements —Type Public Private Street PAVED ASPHALT Alley NONE FEMA Map # 08123C1519E F [MA Map Date 01/20/2016 No If No, describe Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions. land _,ses, etc.) OX Yes ❑ No Ii Yes, describe. THE SUBJECT PROPERTY IS LOCATED ON AN INTERIOR SITE HAVING A LEVEL PAD THERE WERE NO ADVERSE EASEMENTS OR ENCROACHMENTS NOTED THERE IS TRAFFIC ON 50TH AVENUE THIS LOCATION APPEARS TO HAVE A MINIMAL NEGATIVE AFFECT ON MARKETABILITY AND, THEREFORE, YES WAS MARKED ABOVE THERE IS A (AN) UTILITY EASEMENT THIS IS TYPICAL FOR THIS AREA OF GREELEY THIS DOES NOT APPEAR TO HAVE A NEGATIVE AFFECT ON MARKETABILITY Units GENERAL DESCRIP [ION (2i) Ofle r of Stories 1 One with Accessory Unit FOTJNDA I ION Concrete Slab I e IX X Exist rig Det. I S-;Jet./End Unit Full Basement Crawl Space EXTERIOR DESCRIPTION materials/condition INTERIOR Foundation Walls Partial Basement Exterior Walls Basement Area 1205 sq. It. Roof Surface Proposed U Under Const. Design (Style) RANCH Year hurl; 1975 F'fecave Age (Yrs) 20 At•c None Drop Starr Stairs Icor I irustied A;11!ranrrs P Refrigerator CONCRETE/GD BRICK/GOOD COMP/GOOD Basement Finish 100 % Gutters & Downspouts METAL/GOOD Outside En/Exit Sump Pump Window Type VINYL/GOOD Evidence of Infestation Storm Sash/Insulated NONE Damoriess Heating I] Other Scuttle 1 Cooling I feared I�_ i Individual X rrtr5j'ed are;; above grade contains. <(lnrtrlOven ►WA X J Dishwasher 6 Rooms X Settlement HWBB f 0 Radiant Amenities Scree -is Fuel GAS Central Air Conditioning Other Disposal IFT)Mtcrowave Additional fr:at;rep; (spectal energy efficient items, etc ). SEE ADDENDUM Fireplace(s) a 0 1/2 MESH/GOOD Patio/Deck CC Pool None P Washer/Dryer 2 Bedrooms 2 1 Rath(s) WoodStove(s) #0 f ence WOOD X Porch CONC Other None materials/condition j I TI,VIN,CPT/GOOD Walls DRYWALL/GOOD I rim/1 inish WOOD/GOOD Bath Floor TI VIN/GOOD Bath Wainscot TILE/GOOD Car Storage C' J None Driveway # of Cars 3 Driveway Surface CONCRETE/GO X Garage II of Care; 3 Carport >;? of Cars Au. Uet. ralt ;Iit in Other (describe) COOKTOP RANGE 2011 Square feet of Gross Living Area Above (;rare lie'crttie the upon of the property (including needed repairs, deterioration, renovations, remodeling, etc .). C3,Kitchen-updated-ttmeframe unknown Bathrooms-updated- timerrarne unknown. NO FUNCTIONAL OBSOLESCENCE NOTED THERE IS EXTERNAL OBSOLESCENCE DUE TO THE TRAFFIC ON 50TH AVENUE THERE WERE NO NOTED REPAIRS OBSERVED DURING THE INSPECTION ALL APPLIANCES, WATER, ELECTRICAL WERE ON AND IN vy9F KING ORDER AT TIME OF INSPECTION THERE WAS A CARBON MONOXIDE AND SMOKE DETECTOR(S) AT THE TIME OF INSPECTION RFSIOENIIAL PROPERTIES FOR WHICH A BUILDING PERMIT WAS ISSUED PRIOR TO JANUARY 1, 1978 MAY CONTAIN LEAD BASED PAINT nnY cirri t elruer.Lte; rA advl e tilt: affect the; livability, sournclness, or structural integrity of the property"? C Yes X No If Yes. describe, THERE ARE N9 PHYsIQAL DEFICIENCIES OR ADVERSE CONDITIONS NOTED THAT WOULD AFFECT THE LIVABILITY. SOUNDNESS OR STRUCTURAL l'F f IN Rl Tr 9F THE PROPERTY J , ;J.'? I irreticl y rm ,m to the negtbrirYu.icaQ /futirbond utility, ')tyle. condition, 11%C. construction, etc.)? Pf-r0 TV I"istc"Ina ve in toes aI+-./Y• •w.RA. 4604.1.1 e 7 No It No. describe. THE SUBJECT Hello