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Home My WebLink About20192855.tiffAugust 6, 2019 Petitioner: FYE DENNIS L 41056 COUNTY ROAD 43 AULT, CO 80610-9536 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www_weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-2855 Appeal 2008224614 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 R0542501 Stipulated - Approved Stipulated Value $647,498 $419,840 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 Boad 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 CaO��ViL�• ��jt G'4 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 R0542501 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: Dennis & Krystal Fye 41056 County Road 43 Ault Co 80610 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2019 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner (s) and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: PT SW4 3-7-65 LOT B AMD REC EXEMPT RE -1996 (.50R.11 D) 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 $647,498 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 $419,840 5. The valuation, as established above, shall be binding only with respect to tax year2019 6. Brief narrative as to why the reduction was made: After further consideration and additional sales review, an adjustment was made based on comparables. 7. Both parties agree that: FI The hearing scheduled before the Board of Equalization on 7/25/2019 at 10:30 am be vacated. A hearing has not yet been scheduled before the Board of Equalization. 1 cxtci ags5 Aso X03 DATED this 23rd Dennis Fye Dennis Fye (Jul day of July Petitioner(s) or Agent or Attorney Address: 41056 County Road 43 Ault 2019 • '-41/4/to (Assistant) County Attorney for Respondent. Weld County Board of Commissioners Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone: 9708349835 Telephone:(970) 336-7235 Docket Number R0542501 Stip-1 .Frm r&imoictsThlith County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 R0542501 /Fye Final Audit Report 2019-07-24 Created: 2019-07-23 By: Courtney Anaya (canaya@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAA8cR1 Z1 W6ZJylSxF7_gl Czl_rktG-cpCk "R0542501/Fye" History Document created by Courtney Anaya (canaya@co.weld.co.us) 2019-07-23 - 2:17:55 PM GMT- IP address: 204.133.39.9 Document emailed to Courtney Anaya (canaya@co.weld.co.us) for approval 2019-07-23 - 2:17:56 PM GMT G/0 Document approved by Courtney Anaya (canaya@co.weld.co.us) Approval Date: 2019-07-23 - 2:18:07 PM GMT - Time Source: server- IP address: 204.133.39.9 C-7-4, Document emailed to Luis (Imunoz@weldgov.com) for approval 2019-07-23 - 2:18:08 PM GMT '5 Email viewed by Luis (Imunoz@weldgov.com) 2019-07-23 - 3:32:14 PM GMT- IP address: 204.133.39.9 L Document approved by Luis (Imunoz@weldgov.com) Approval Date: 2019-07-23 - 3:48:03 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-23 - 3:48:05 PM GMT t Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-23 - 5:43:08 PM GMT- IP address: 204.133.39.9 © Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-23 - 5:44:33 PM GMT - Time Source: server- IP address: 204.133.39.9 ET: Document emailed to Dennis Fye (fyeguy91 @yahoo.com) for signature 2019-07-23 - 5:44:35 PM GMT Email viewed by Dennis Fye (fyeguy9l @yahoo.com) 2019-07-23 - 5:45:01 PM GMT- IP address: 67.195.51.210 Adobe Sign % Document e -signed by Dennis Fye (fyeguy91 @yahoo.com) Signature Date: 2019-07-23 - 7:04:41 PM GMT - Time Source: server- IP address: 66.129.49.41 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-23 - 7:04:43 PM GMT Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-23 - 10:09:16 PM GMT- IP address: 204.133.39.9 Co Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-24 - 12:36:06 PM GMT - Time Source: server- IP address: 204.133.39.9 Q Signed document emailed to canaya@weldgov.com, Dennis Fye (fyeguy9l @yahoo.com), Luis (Imunoz@weldgov.com), Brenda Dones (bdones@co.weld.co.us), and 2 more 2019-07-24 - 12:36:06 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: Dennis Fye Contact Email: fyeguy91@yahoo.com Contact Phone: 970-834-9835 Appeal Submitted: 01:53 PM July 12, 2019 Appeal submitted for: R0542501 - FYE DENNIS L 41056 COUNTY ROAD 43 , WELD Legal: PT SW4 3-7-65 LOT B AMD REC EXEMPT RE -1996 (.50R.11 D) Reason: Value Too High - Appraisal; was done on 7-20-2018 value at that time was $429,828. Purchase price on 9-10-2018 was $350,000 See attached doc's Estimate of Value: $429,828.00 Document(s) Submitted: Account: All Accounts - Buyer Closing Statement.pdf Account: All Accounts - 41056 County Road 43 (2).pdf You have selected the following Date Preferences: 4— Thursday, July 25, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, July 25, 2019, from 1:30 p.m. to 4:30 p.m. Monday, July 29, 2019, from 3:00 p.m. to 4:30 p.m. Tuesday, July 30, 2019, from 1:30 p.m. to 4:30 p.m. Thursday, August 1, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, August 1, 2019, from 1:30 p.m. to 3:30 p.m. The Appeal process can take several weeks for us to complete. You will receive a written decision on your appeal within five (5) working days of your hearing. We thank you for your submittal. Weld County Board of Equalization 2019-2855 ado (O3 American Land Title Association Estimated ALTA Settlement Statement - Borrower/Buyer Adopted 05-01-2015 File Number Print Date & Time Escrow Officer Settlement Location 209316 8/29/2018 1 31 PM Laura L Boehle 3665 JFK Parkway, Bldg 1, Suite 204 Fort Collins, CO 80525 The Group Guaranteed Title, LLLP 3665 JFK Parkway, Bldg 1, Suite 204 Fort Collins, CO 80525 Property Address Buyer Seller Lender 41056 WCR 43 Ault, Colorado 80610 Dennis L Fye - 41056 WCR 43, Ault, CO 80610 Krystal M Fye - 41056 WCR 43, Ault, CO 80610 R Craig Simpson - 10100 S Brown Road, Oak Grove, MO 64075 Nora E Wineland -10100 S Brown Road, Oak Grove, MO 64075 R Craig Simpson & Nora E Wineland - 10100 S Brown Road, Oak Grove, MO 64075 Settlement Date 9/10/2018 Disbursement Date 9/10/2018 Additional dates per state requirements 9/10/2018 Description Borrower/Buyer Debit Credit Financial Sales Price of Property $350,000 00 Deposit $2,000 00 Loan Amount $332,525 00 Seller Credit $4,800 00 Prorations/Adjustments County Taxes 1/1/2018 to 9/10/2018 $1,565 47 Title Charges & Escrow/Settlement Charges Title - Lender's Policy $332,525 00 Premium - $175 00 to The Group Guaranteed Title, LLLP $175 00 E -Recording Fee to The Group Guaranteed Title, LLLP $25 00 Tax Certificate to The Group Guaranteed Title, LLLP $30 00 Title - Closing Fee - 1/2 seller & 1/2 buyer to The Group Guaranteed Title, LLLP $95 00 Government Recording and Transfer Charges Recording Fees Deed $18 00 Mortgage $43 00 to Weld County - Recorder $61 00 Tax Stamp for State Deed to Weld County - Recorder $35 00 Miscellaneous Attorney Invoice - 1/2 seller & 1/2 buyer to NEED INVOICE $375 00 Debit Credit Subtotals $350,796 00 $340,890 47 Due From Borrower/Buyer $9,905 53 Totals $350,796 00 $350,796 00 Copyright 2015 American Land Title Association All rights reserved Page 1 of 2 File# 209316 Printed on August 29, 2018 at 1 31 PM Title Insurance —Simultaneous Rate Premiums The Owner's and Lender's title insurance premiums set out above represent the actual rates filed with the Colorado Department of Insurance The Owner's and Lender's title insurance premiums shown on the Closing Disclosure were calculated and disclosed in the manner required by Federal regulation as required by the Consumer Financial Protection Bureau (CFPB) Despite the difference in the breakdown of premiums disclosed, the total combined premiums as required to be disclosed by the CFPB equals the total combined premiums calculated above using the current rules and rates of this State Acknowledgement We/I have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction and further certify that I have received a copy of the ALTA Settlement Statement We/I authorize The Group Guaranteed Title, LLLP to cause the funds to be disbursed in accordance with this statement I have carefully reviewed the Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction I further certify that I have received a copy of Settlement Statement The Settlement Agent does not warrant or represent the accuracy of information provided by any party, including information concerning P0C items and information supplied by the lender in this transaction appearing on this Settlement Statement pertaining to "Comparison of Loan Estimate, Closing Disclosure and Settlement Statement Charges" and "Loan Terms", and the parties hold harmless the Settlement Agent as to any inaccuracies in such matters The parties have read the above sentences, recognize that the recitations herein are material, agree to same, and recognize Title Company is relying on the same Buyer(s) Dennis L Fye Date Krystal M Fye Date The Group Inc Real Estate Date The Group Guaranteed Title, LLLP Date Copyright 2015 American Land Title Association All rights reserved Page 2 of 2 File# 209316 Printed on August 29, 2018 at 1 31 PM Borrower Krystal Fye File No. Fye 07/18 Property Address 41056 County Road 43 _ City Ault County Weld State CO Zip Code 80610 Lender/Client N/A TABLE OF CONTENTS Table of Contents 1 Letter of Transmittal 2 Summary of Salient Features 3 URAR 4 Additional Comparables 4-6 10 Supplemental Addendum 11 Market Conditions Addendum to the Appraisal Report 14 Building Sketch 15 Subject Photos 16 Subject Photos 17 Subject Photos 18 Subject Photos 19 Subject Photos 20 Subject Photos Interior 21 Subject Photos Interior 22 Subject Photos Interior 23 Subject Photos Interior 24 Subject Photos Interior 25 Subject Photos Interior 26 Comparable Photos 1-3 27 Comparable Photos 4-6 28 Location Map 29 Aerial Map 30 Comparable Sales Map 31 UAD Definitions Addendum 32 USPAP Identification 35 E & 0 Insurance 2018 36 DEW License 2019 37 Invoice 38 Form TOCP - ''TOTAL appraisal software by a la mode, inc. - 1-800-ALAMODE Absolute Value Appraisals Daniel Wagner 2124 Reservoir Rd Greeley CO 80631 Date 07/21/2018 N/A N/A Re Property 41056 County Road 43 Ault, CO 80610 Borrower Krystal Fye File No Fye 07/18 In accordance with your request we have appraised the above referenced property The report of that appraisal is attached The purpose of this appraisal is to estimate the market value of the property described in this appraisal report, as improved in unencumbered fee simple title of ownership This report is based on a physical analysis of the site and improvements a location analysis of the neighborhood and city and an economic analysis of the market for properties such as the subject The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the certification and limiting conditions attached It has been a pleasure to assist you Please do not hesitate to contact me or my staff if we can be of additional service to you Sincerely, Daiti l i4itew Daniel Wagner -Certified Residential Appraiser Absolute Value Appraisals SUMMARY OF SALIENT FEATURES _ (o< uzs q Subject Address Legal Description City County State 41056 County Road 43 PT SW4 3-7-65 LOT B AMD REC EXEMPT RE -1996 (50R 11D) Ault Weld CO Zip Code 80610 Census Tract 0023 00 Map Reference 24540 Sale Pnce $ Date of Sale •. t Borrower Krystal Fye Lender/Client N/A Size (Square Feet) 1 441 Price per Square Foot $ rw� e Location N Rural Age 59 z, Condition Total Rooms C3 6 Bedrooms 2 Baths 1 1 Sw? Appraiser Daniel Wagner -Certified Residential Appraiser Date of Appraised Value 07/20/2018 kw" Anal Estimate of Value $ 430 000 Form SSD - "TOTAL" appraisal software by a la mode, inc 1 800 ALAMODE Absolute Value Appraisals LLC Uniform Residential Appraisal Report File# Fye 07/18 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 41056 County Road 43 City Ault State CO Zip Code 80610 Borrower Krystal Eye Owner of Public Record Craig R Simpson, Nora E Wineland County Weld Legal Description PT SW4 3-7-65 LOT B AMD REC EXEMPT RE -1996 (50R 11D) Assessor's Parcel # 070903000043 Tax Year 2018 R E Taxes $ 2,267 Neighborhood Name Weld County Map Reference 24540 Census Tract 0023 00 oi Occupant ❑ Owner Tenant ❑ Vacant Special Assessments $ 0 ❑ PUD HOA $ 0 ❑ per year ❑ per month Property Rights Appraised Fee Simple D Leasehold ❑ Other (descnbe) Assignment Type ❑ Purchase Transaction ❑ Refinance Transaction ® Other (descnbe) Valuation Lender/Client N/A Address N/A Is the subject property currently offered for sale or has rt been offered for sale in the twelve months prior to the effective date of this appraisal? ❑ Yes No Report data source(s) used offering price(s) and date(s) According to MLS, the subject property is not currently listed, nor has it been listed in the last 12 . months I ❑ 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 Us "( Contract Pnce $ Date of Contract Is the property seller the owner of public record? ❑ Yes ❑ No Data Source(s) 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? ❑ Yes ❑ No If Yes report the total dollar amount and descnbe the items to be paid Note Race and the racial composition of the neighborhood are not appraisal factors —r Neighborhood Characteristics One -Unit Housing Trends One -Unit Housing Present Land Use°% Location ❑ Urban ❑ Suburban ® Rural Property Values ►:,,4 Increasing ❑ Stable ❑ Declining PRICE AGE One Unit 80 % o Built Up ❑ Over 75% 25 75% ❑ Under 25% Demand/Supply ® Shortage ❑ In Balance ❑ Over Supply $ (000) (yrs) 2 4 Unit 5 % o Growth ❑ Rapid ® Stable ❑ Slow Marketing Time ► i Under 3 mths ❑ 3 6 mths ❑ Over 6 mths 210 Low 0 Multi Family 5% LNeighborhood Boundaries To the North CR 86, to the South Highway 14, to the East CR 45, to the 565 High 120 Commercial 5% e West CR 41 Other' is vacant or agricultural land 430 Pred 40 Other 5% (' Neighborhood Description Parameters for one -unit housing trend, price in the size range of 1,000-2,000 sf, for the past 12 months Same I •arameters for MC Addendum Market Conditions (including support for the above conclusions) See Market Conditions Summary for more information The neighborhood has a stable balance for the housing market Most property of this type is sold offennq conventional, VA, and FHA financing Estimated points paid by the seller are 0-3% n's Dimensions No Survey Available Area 4 73 ac Shape Rectangular View N,Rural, Specific Zoning Classification AG Zoning Descnption Agriculture Zoning Compliance ® 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? ► I Yes ❑ No If No descnbe ylUtilities Public Other (describe) Public Other (describe) Off -site Improvements - Type Public Private Electricity C Water ❑ ® Private Well Street Asphalt ►mil ❑ n. Gas ❑ Propane Sanitary Sewer ❑ ►_4 Septic Alley None ❑ ❑ FEMA Special Flood Hazard Area ❑ Yes ►max No FEMA Flood Zone X FEMA Map # 08123C1250E FEMA Map Date 01/20/2016 Are the utilities and off site improvements typical for the market area? Yes ❑ No If No describe Public sewer and water is not available to the subject Are there any adverse site conditions or external factors (easements encroachments environmental conditions land uses etc )? ❑ Yes ►:,4 No If Yes descnbe See Additional Addendum General Description Foundation Exterior Description materials/condrttan Interior materials/condition Units ® One ❑ One with Accessory Unit ❑ Concrete Slab ❑ Crawl Space Foundation Walls Concrete/Avg+ Floors Carpet/Avg # of Stones 1 Full Basement ❑ Partial Basement Exterior Walls Frame/Avg+ Walls DW/Avq+ Type Det ❑ Att ❑ S Det/End Una Basement Area 1,441 sq ft Roof Surface Comp Dimen/Avg+ Tnm/Rnish Wood/Paint/Avg+ ® Existing ❑ Proposed ❑ Under Const Basement Finish 80 % Gutters & Downspouts Gal Met/Avg+ Bath Floor Carp/Tile/Avq+ Design (Style) Ranch ❑ Outside Entry/Exit ❑ Sump Pump Window Type Single/Alum/Avq Bath Wainscot Tile/Avq+ Year Built 1959 Evidence of ❑ Infestation None noted Storm Sash/Insulated Storms/Avq+ Car Storage ❑ None Effective Age (Yrs) 25 n Dampness ❑ Settlement Screens Mesh/Avg+ X Driveway # of Cam 5 Attic ❑ None Heating FWA l❑ HWBB ID Radiant Amenities n Woodstove(s) # 0 Dnveway Surface Concrete ❑ Drop Stair ❑ Stairs ❑ Other I Fuel Gas ❑ Fireplace(s) # 0 ►mil Fence Link ® Garage # of Cam 6 ❑ Floor ® Scuttle Cooling ❑ Central Air Condrtiomng ® Patio/Deck Sunrm ® Porch Covered ❑ Carport # of Cars 0 ❑ Finished ❑ Heated ►_x Individual Rm Ia1 Other Cell Fan ❑ Pool None ❑ Other None Att X Dot ❑ Built in Z( Appliances ❑ Refrigerator ® Range/Oven ►mss Dishwasher ® Disposal ►_4 Microwave ❑ Washer/Dryer ❑ Other (descnbe) Finished area above grade contains 6 Rooms 2 Bedrooms 1 1 Bath(s) 1,441 Square Feet of Gross Living Area Above Grade Additional features (special energy efficient items etc ) See Additional Addendum An ' X' denotes an item that is present in the home ?` Descnbe the condition of the property (including needed repairs deterioration renovations remodeling etc ) C3,No updates in the prior 15 years,No functional, physical, or extemal obsolescence noted Subject is in average condition with standard room arrangements Utilities were on and functioning See Additional Comments Are there any physical deficiencies or adverse conditions that affect the livability soundness or structural integrity of the property? ❑ Yes ® No If Yes descnbe There are no apparent physical deficiencies or adverse conditions that would affect the soundness or structural integrity of the subject property The subject property appears to be safe, sound, and sanitary, and there are no repairs or modernization required The appraiser is not an expert in this field "'See General Text Addendum and statement of Limiting Conditions*** Does the property generally conform to the neighborhood (functional utility style condition use construction etc )? ® Yes ❑ No If No describe There are other properties of a similar quality of construction, age, condition and with similar additional features located within the subiect's } market area Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 1 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD "TOTAL" appraisal software by a la mode inc 1 800 ALAM00E Uniform Residential Appraisal Report File# Fve 07/18 There are 5 comparable properties currently offered for sale in the subject neighborhood ranging in pnce from $ 259,900 to $ 750,000 There are 28 comparable sales in the subject neighborhood within the past twelve months ranging in sale pnce from $ 210,000 to $ 565,000 FEATURE I SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 41056 County Road 43 Ault CO 80610 42274 County Road 45 Ault, CO 80610 25605 County Road 62 5 Greeley, CO 80631 26797 Highway 392 Gill, CO 80624 Proximity to Subject 1 56 miles NE 11 34 miles SE 9 90 miles SE Sale Pnce S - $ 375,000 $ 445,000 $ 425,000 Sale Pnce/Gross Liv Area $ sq ft S 289 13 sq ft $ 275 88 sq ft $ 303 57 sq ft Data Source(s) IRES#844654,DOM 66 IRES#826773,DOM 152 IRES#849325,DOM 45 Verification Sources) County Records County Records County Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +( ) $ Adjustment DESCRIPTION +0 $ Adjustment DESCRIPTION +0 $ Adjustment Sales or Financing Concessions , ArrnLth Conv,0 ArmLth Conv,0 ArrnLth Conv,0 Date of Sale/Time 504/18,c04/18 s12/17,c10/17 506/18,c05/18 Location N,Rural, N,Rural, N,Rural, N,Rural, Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site 4 73 ac 2 73 ac +10,000 1 69 ac +15,200 7 93 ac -16,000 View N,Rural, N,Rural, N,Rural, N,Rural, Design (Style) DTI,Ranch DT2,2 Story +5,000 DT1,Ranch DT1,Ranch Quality of Construction Q4 Q4 Q4 Q4 Actual Age 59 98 +7,800 63 0 88 +5,800 Condition C3 C3 C3 C3 Above Grade Room Count Gross Living Area Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths 6 2 1 1 8 5 1 1 0 5 2 1 0 +2,500 7 3 2 0 -2,500 1,441 sq ft 1,297 sq ft +4,300 1,613 sq ft -5,200 1,400 sq ft 0 Basement & Finished Rooms Below Grade 1441 sf1153sfin 1 rr2brl 0ba0o Osf +20,800 +2,500 778sf700sfin 1 rr1 br1 0ba0o +8 900 0 Osf +20,800 +2,500 .` Functional Utility Average Average Average Average Heating/Cooling F/A, No C/A F/A, No C/A F/A,C/A -3,000 F/A,C/A -3,000 of Energy Efficient Items None None None None c: Garage/Carport 1ga5gd5dw 2ga4gd4dw 0 2qa2dw +10,000 2qd2dw +10,000 Porch/Patio/Deck Cd Por, Sunrm Stoop, Deck +2,000 Cd Porch +2,000 Cd Por, Deck 0 • Outbuildings Barn Barn Barn Barn i Updating Neutral Neutral Supenor -30,000 Superior -20,000 • Net Adjustment (Total) ►:1 + ❑ $ 52,400 ►I( + ❑ $ 400 E + ® $ -2,400 Adjusted Sale Price of Comparables _ Net Adj 140% Gross Adj 140 % S 427,400 Net Adj 01 % Gross Adj 173 % $ 445,400 Net Adj 06% Gross Adj 190% $ 422,600 rn. I Xl did U did not research the sale or transfer history of the subject property and comparable sales If not explain My research ❑ did ® did not reveal any prior sales or transfers of the subject property for the three years pnor to the effective date of this appraisal Data Source(s) IRES, County Records, MLS My research ❑ did ® did not reveal any prior sales or transfers of the comparable sales for the year pnor to the date of sale of the comparable sale Data Source(s) IRES County Records, MLS Report the results of the research and analysis of the pnor sale or transfer history of the subject property and comparable sales (report additional pnor sales on page 3) ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale/Transfer 04/04/2001 10/11/2011 10/28/2014 Pnce of Pnor Salelrransfer $290,000 $154,000 $280,000 Data Source s Count Record Count Record CoreLoqic CoreLogic Effective Date of Data Source(s) 07/20/2018 07/20/2018 ' 07/21/2018 07/20/2018 Analysis of prior sale or transfer history of the subject property and comparable sales The subtect has not been listed or sold in the past 36 months County Records indicate a prior sale 04/04/2001 Comparables have not been sold in the past 12 months Previous sales as recorded by county records are listed Information at the top of this page regarding sales and actives was found on IRES searching within the market area for homes having above ground living area between 1,000 and 2,000 sf Summary of Sales Companson Approach Comparables are all located in a remote Weld County location Weight is given to Comparable Sales for individual similarities in size, age, style, acreage, and outbuildings All property rights were transferred as fee simple All sales are within industry standards of 12 months from the effective date of this appraisal Due to the unique characteristics of the subject including size, age location and outbuildings the distances and gross percentages are greater than what is typical See General Text Addendum t ' _• Indicated Value by Sales Companson Approach $ 430,000 Indicated Value by Sales Comparison Approach $ 430,000 Cost Approach (if developed) S 429,828 Income Approach (if developed) $ Most weight is given to the Sales Comparison Approach as it best reflects the actions of buyers and sellers in the subject's market The Cost Approach supports the indicated value The income approach was deemed not applicable due to the lack of reliable investor data See the i addendum for adtustment notes This appraisal is made ® "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 ,. following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair No requirements or considerations All plumbing, mechanical and electncal systems are considered to be in working order Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limning conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is S 430,000 , as of 07/20/2018 , which is the date of inspection and the effective date of this appraisal Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD "TOTAL" appraisal software by a la mode inc 1 800 ALAMODE Uniform Residential Appraisal Report File# Fye 07/18 Note to the Reader of this report At the request of the client, this appraisal report has been prepared in compliance with the Uniform Appraisal Dataset (UAD) from Fannie Mae and Freddie Mac The UAD requires the appraiser to use standardized responses that include specific formats, definitions, abbreviations and acronyms Readers of this report who are not identified as an intended user and are not familiar with recent changes in reporting formats required by Fannie Mae and Freddie Mac may find it difficult to understand portions of this report The appraiser attempted to obtain an adequate amount of information in the normal course of business regarding the subject and comparable properties Some of the standardized responses required by the UAD, especially those in which the appraiser has not had the opportunity to verify personally or measure, could mistakenly imply greater precision and reliability in the data than is factually correct or typical in the normal course of business Examples include condition and quality ratings, as well as comparable sales and listing data Not every element of the subject property was viewable and comparable property data was generally obtained from third party sources, such as realtors, MLS data sheets and county records Consequently, this information should be considered an ' estimate unless otherwise noted by the appraiser I have performed no appraisal services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the n. three-year period immediately preceding acceptance of this assignment �j In compliance with Colorado HB12-1110, the appraiser must disclose in the appraisal report the fee paid to the appraiser for a residential real • property appraisal if the appraiser was engaged by an appraisal management company to complete the assignment Appraiser received $500 00 for this assignment The address resorted on the a•praisal form is accordin• to US Postal Service records as required b UAD format The title com•an resorts the :: city or county address and the title report may or may not match to USPS records The appraisal was prepared in accordance with the requirements of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended (12 U S C 3331 et seq ) and any implementing regulations COST APPROACH The Cost Approach has only been developed by the appraiser as an analysis to support their opinion of the property's ' market value, use of this data, in whole or in part, for other purposes is not intended by the appraiser Nothing set forth in the appraisal should be relied upon for the purpose of determining the amount or type of insurance coverage to be placed on the subject property The appraiser assumes no liability for and does not guarantee that any insurable value estimate inferred from this report will result in the subject property being fully insured for any loss that may be sustained Further, the cost approach may not be a reliable indication of replacement or reproduction cost for any date other than the effective date of this appraisal due to changing costs of labor and materials and due to changing building codes and governmental regulations and requirements Source of GLA is measurements taken on the day of inspection GLA may differ from county records or local MLS listings 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) MLS#830279 sold in Aug for $210,000 on 02/02/2018 ESTIMATED E REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE _$ 210 000 ;[ Source of cost data Dwellingcost corn DWELLING 1,441 Sq Ft @ $ 127 28 =6 183,410 Quality rating from cost service Avg Effective date of cost data 07/20/2018 Basement 1,441 Sq Ft @ $ 26 58 =$ 38,302 Comments on Cost Approach (gross living area calculations depreciation etc ) Outbuilding =$ 60,000 '• Physical life is estimated at 60 years, with an Effective Age Garage/Carport 1,629 Sq Ft @ $ 21 58 =5 35,154 estimated at 25 years, resulting in a 41 67% depreciation Using the Total Estimate of Cost New =$ 316,866 Age/Life method of depreciation, $132,038 has been deducted from the Less Physical Functional External Total Cost New Depreciation 132,038 =$( 132,038) Depreciated Cost of Improvements =S 184,828 "As is" Value of Ste Improvements =$ 35,000 Estimated Remaining Economic Life (HUD and VA only) 35 Years INDICATED VALUE BY COST APPROACH = 429,828 ui INCOME APPROACH TO VALUE (not required by Fannie Mae) • Estimated Monthly Market Reid $ X Gross Rent Multiplier = $ Indicated Value by Income Approach Summary of Income Approach (including support for market rent and GRM) The Income Approach was considered , but was determined to be not applicable because of a lack of rental property re -sales needed in order to determine a reliable GRM PROJECT INFORMATION FOR PUDs (if applicable) Is the developer/builder in control of the Homeowners' Association (HOA)? ❑ Yes D No Unittype(s) ❑ Detached ❑ Attached Provide the following Information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit Legal Name of Project Total number of phases Total number of units Total number of units sold F Total number of units rented Total number of unto for sale Data source(s) ' Was the project created by the conversion of existing building(s) into a PUDv ❑ Yes ill No If Yes date of conversion e Does the project contain any multi dwelling units? ❑ Yes ❑ No Data Source Are the units common elements and recreation facilities complete? ❑ Yes ❑ No If No describe the status of completion Are the common elements leased to or by the Homeowners' Association? ❑ Yes ❑ No If Yes describe the rental terms and options fr Describe common elements and recreational facilities Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 3 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD "TOTAL' appraisal software by a la mode inc 1 800 ALAMODE Uniform Residential Appraisal Report File # Fye 07/18 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 matenal aerations 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 venfy 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 landed to, needed repairs detenoration, 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 Fannie Mae Form 1004 March 2005 Form 1004UAD -"TOTAL appraisal software by a la mode inc 1 800 ALAMODE Uniform Residential Appraisal Report File# Fye 07/18 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 pnor 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 I have noted in this appraisal report any adverse conditions (such as but not limited to needed repairs deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc ) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property 15 I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge all statements and information in this appraisal report are true and correct 16 I stated in this appraisal report my own personal unbiased and professional analysis opinions and conclusions which are subject only to the assumptions and limiting conditions in this appraisal report 17 I have no present or prospective interest in the property that is the subject of this report and I have no present or prospective personal interest or bias with respect to the participants in the transaction I did not base either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race color religion, sex, age, marital status handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law 18 My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding written or otherwise that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application) 19 I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report I certify that any individual so named is qualified to perform the tasks I have not authonzed anyone to make a change to any dem 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 Fannie Mae Form 1004 March 2005 Form 1004UAD 'TOTAL" appraisal software by a la mode inc 1 800 ALAMODE Uniform Residential Appraisal Report File # Fye 07/18 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 Signature Daniel Wagner Ua�rie� ffer Name Daniel Wagner -Certified Residential Appraiser Company Name Absolute Value Appraisals Company Address 2124 Reservoir Rd Greeley, CO 80631 Telephone Number 970-302-8221 Email Address Absolutevalueappraisals a©gmail.com Date of Signature and Report 07/21/2018 Effective Date of Appraisal 07/20/2018 State Certification # CR.200000011 or State License # or Other (describe) State CO Expiration Date of Certification or License ADDRESS OF PROPERTY APPRAISED 41056 County Road 43 SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature _ Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State State # Expiration Date of Certification or License 12/31/2019 Ault, CO 80610 APPRAISED VALUE OF SUBJECT PROPERTY $ 430,000 LENDER/CLIENT Name No AMC Company Name N/A Company Address N/A Email Address Fyeguy91©Yahoo.com SUBJECT PROPERTY u 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 Fannie Mae Form 1004 March 2005 Form 1004UAD - "TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Uniform Residential Appraisal Report File# Eye 07/18 FEATURE I SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 Address 41056 County Road 43 Ault, CO 80610 19515 County Road 78 Ault, CO 80610 26347 County Road 60 1/2 Greeley, CO 80631 21003 County Road 90 Pierce, CO 80650 Proximity to Subject _ - 2 53 miles SW 13 15 miles SE 2 97 miles N Sale Price $ " z,r . ` ¢ $ 385,000 < < $ 399 900 " $ 440 000 • Sale Pnce/Gross Liv Area $ sq ft $ 348 73 sq ft ' � r $ 175 70 sq ft ' ' _ $ 157 03 sq ft -' ;. Data Source(s) IRES#847356,DOM 44 IRES#848304,DOM 79 IRES#856102,DOM 10 Venficahon Source(s) _ -' ` „ County Records County Records County Records = VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +( ) $ Adjustment DESCRIPTION +( ) $ Adjustment DESCRIPTION +0 $ Adjustment Sales or Financing Concessions s '' ° ' ArrnLth Conv,0 ArmLth Listing Date of Sale/fime -' s05/18,c04/18 0 Active 0 Active 0 Location N,Rural, N,Rural, N,Rural, N,Rural, Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple 't Site 4 73 ac 4 49 ac 0 1 52 ac +16,100 1 86 ac +14,400 View N,Rural, N,Rural, N,Rural, N,Rural, Design (Style) DT1 Ranch DT1 Ranch DT2 2 Sto +5 000 DT2 2 Sto +5 000 Quality of Construction Q4 Q4 Q4 Q4 .i Actual Age 59 118 +18,000 100 +8,200 118 +11,800 Condition C3 C3 C3 C3 Above Grade Total Bdrms Baths Total Bdrrns Baths Total Bdrms Baths Total Bdrms Baths Room Count 6 2 1 1 6 3 1 0 +2,500 7 5 2 0 -2,500 8 4 2 0 -2,500 Gross Living Area 1,441 sq ft 1,104 sq ft +10,100 2,276 sq ft -25,100 2,802 sq ft -40,800 Basement & Finished Rooms Below Grade 1441 sf1153sfin 1 rr2brl 0ba0o Osf +20 800 +2,500 693sf0sfin +15 200 +2,500 Osf +20 800 +2,500 M Functional Utility Average Average Average Average Heating/Cooling F/A, No C/A F/A, No C/A F/A, No C/A F/A, No C/A Energy Efficient Items None None None None Garage/Carport 1ga5gd5dw 2qa2dw +10,000 4gd4dw +5,000lgdldw +12,500 Porch/Patio/Deck Cd Por, Sunrm Stoop +2,000 Stoop +2,000 Cd Por, Deck 0 Outbuildings Barn Barn Barn Barn Updating Neutral Superior -20,000 Superior -10,000 Superior -20,000 - Net Adjustment (Total) - , + ❑ $ 45,900 + ❑ $ 16,400 ® + ❑ $ 3,700 Adjusted Sale Price of Comparables "f, ,,' n 5 r, t -" Net Adj 11 9 % Gross Adj 22 3 % $ 430,900 Net Adj 41 % Gross Ad] 22 9 % $ 416,300 Net Ad] 0 8 % Gross Adj 29 6 % $ 443,700 Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional pnor sales on page 3) ITEM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 Date of Prior Sale Transfer 04/04/2001 11/26/2001 } Price of Prior Sale/Transfer $290 000 $164 700 a Data Source(s) County Record County Record CoreLogic CoreLogic Effective Date of Data Source(s) 07/20/2018 07/20/2018 07/21/2018 07/21/2018 Analysis of prior sale or transfer history of the subject property and comparable sales Active listings have not been adjusted since market analysis indicates that property is currently selling at 100% of the hated price Analysis/Comments '-d k,- . .•w z{ sat z' 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 Supplemental Addendum File Na Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A SCOPE OF APPRAISAL This report, as defined by Standards 2 2(b) of the Uniform Standards of Professional Appraisal Practices, is an appraisal report Both interior and exterior inspections of the subject property were performed as of the effective date of this appraisal Also included in this appraiser's Scope of Work was a visual inspection of the subject's neighborhood and each of the sales comparables included in this report This appraiser researched, verified when possible and analyzed data from reliable public and/or pnvate sources, for the completion of this appraisal Confirmation and verification of information provided by others was made through multiple sources, including agents, buyers, sellers and county data In cases where the data could not be personally verified by an active participant in the transaction, information from county data sources was utilized Confirmation information and data collected from county records is assumed to be accurate In cases where there is a discrepancy in data, an explanation for this appraiser's conclusion is provided This appraisal also included an extensive analysis of market data, collected from the local MLS system This appraiser did not personally inspect the attic of the subject property No personal property was included in the opinion of value The intended user of this appraisal report is the client and the purpose of this report is to evaluate the property that is the subject of this appraisal for a mortgage finance transaction, subject to the Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and definition of market value No additional intended users are identified by the appraiser HIGHEST AND BEST USE The highest and best use of a property is defined in the Dictionary of Real Estate Appraisal, Fifth Edition, 'The reasonably and probable use of vacant land or an improved property that is physically possible legally permissible, financially feasible, and that which results in the highest value " The definition of highest and best use applies to the use of a site as though vacant, as well as to the property as improved When a site contains improvements, the highest and best use may be determined to be different from the existing use In addition, the highest and best use of a property takes into account the contribution of a specific use to the community and community development goals as well as the benefits of that use to individual property owners The determination of highest and best use is based upon the appraiser's judgment and analytical skills because the use determined from analysis is based on the appraiser's opinion In appraisal practice, the concept of highest and best use represents the premise upon which value is based The analysis to determine a property's highest and best use of (1) as though vacant, and (2) as improved, include the following Legally Permissible, Physically Possible, Financially Feasible, and Maximally Productive The subject passes the above criteria, and therefore, it is the appraisers opinion that the highest and best use of the Subject As Vacant and As Improved is Single-family residential, as currently improved INFORMATION NOT PROVIDED The following information was not provided to the appraiser a survey title commitment and environmental assessment NEIGHBORHOOD DESCRIPTION The subject property is located in Greeley in an established subdivision that consists of average quality constructed homes built in the 1970s Homes in this neighborhood vary little in design, age, condition, square footage and amenities For that reason, this neighborhood is considered to be homogeneous Schools and employment centers are located within close proximity to the subject property Police and fire protection are adequate ADVERSE CONDITIONS No adverse conditions were observed at the time of inspection Fema indicates subject is located in Flood Zone X Areas of minimal flood hazard from the pnncipal source of flood in the area and determined to be outside the 0 2 percent annual chance floodplain MARKETING PERIOD Appraisal instructions require that the property be evaluated with respect to its exposure on the open market for a reasonable period, the market in this case indicates an exposure time of 3 months based on the historical marketing time reported as 78 days on market for the past 12 months The appraiser has examined and analyzed an appropriate exposure period to the subject, in accordance with USPAP Standards Rules 1-2(c) and 2-2(a)(v) According to the 2014 edition of the Uniform Standards of Professional Appraisal Practice, Statement on Appraisal Standards Number 6, reasonable exposure time in market value opinion, is defined as 'The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective dated of the appraisal, a retrospective estimate based upon an analysis of past events assuming a competitive and open market" The estimate of a time penod for reasonable exposure is not intended to be a prediction of a date of sale or other less intensive data Form TADD "TOTAL" appraisal software by a la mode me 1 800 ALAMODE Supplemental Addendum File No Fve 07/18 Borrower Krystal Fye Property Address 41056 County Road 43 Cdy Ault County Weld State CO Zip Code 80610 Lender/Client N/A The estimated marketing time for the subject is based on the reported marketing periods of comparable sales in the market providing evidence that comparable properties are viable and desirable in the market Average days on the market for active listings is 65 days Based on this finding, if professionally marketed at a price level that allows for negotiation, should sell within a 3 month time frame SITE CONDITIONS The subjects site size was taken from Weld County Records There were no known adverse site conditions or external factors, such as easements, encroachments or environmental conditions noted during the inspection that would negatively impact the marketability of the subject property No survey or title work was provided from which to determine whether any of these issues exist This appraiser is not an expert in this field No Oil or Gas Production facilities were located on the property ADDITIONAL FEATURES The subject property is a 59 -year -old, average quality constructed home, with a wood/frame and brick exterior, a composition shingle roof, and a one -car attached garage Additional features include, but are not limited to electric garage door, a sunroom, and several outbuildings PROPERTY CONDITION Quality is considered Q4 Standard building plans used with basic/stock finishes Condition is considered to be C3 The improvements are well maintained and feature limited physical deterioration due to normal wear and tear Functional utility is good, with adequately sized rooms, ample closet space, and an efficient layout This dwelling meets functional and aesthetic expectations of purchasers in this price range PHYSICAL DEFICIENCIES AND/OR ADVERSE CONDITIONS This appraisal should not be considered a home inspection This appraiser only inspected the visible areas of the subject property, and this appraisal should not be relied upon to disclose any deficiencies, issues with regard to structural integnty, mechanical systems condition or capacity, moisture or moisture -related issues including settlement mold or water retention/drainage or items in need of repair Also, this appraiser is not responsible for identification or reporting of the condition or structural integrity of the property in areas that cannot be seen, such as, but not limited to, basement floors or foundations that are finished or covered This appraiser claims no special expertise in these areas, nor is the appraiser an expert regarding issues related to foundation settlement, basement moisture problems, wood destroying (or other) insects, radon gas, pressure treated wood foundation systems or lead base paint Unless otherwise noted, the appraiser assumes that the venous elements that constitute the subject property are fundamentally sound and in working order Statements regarding condition, particularly those about heating and cooling systems, are based on superficial observations only Carbon Monoxide and smoke detectors were identified within the home and appeared to be functioning Clients are invited and encourage to employ qualified experts to inspect and address any concerns If negative conditions are discovered, the appraiser should be notified, as the opinion of value for the subject could require modification COMMENTS ON SALES COMPARISON APPROACH Common Adjustments are as follows Ranch design is adjusted $5,000 for superiority, most home buyers prefer a home with fewer stairs Updating includes refurbished wood floors, tile or granite counter tops, interior paint, new flooring, new appliances, windows, and updated bathrooms Adjustment for bathrooms is $5,000 for a full bath, $2,500 for a half -bath, and $2,500 for a basement bath Garages are adjusted at $2,500 per car The sunroom was adjusted $2,000 Central air conditioning systems were adjusted $3,000 A $200 per year age adjustment was made for homes having an age difference greater than 10 years Site size adjustments were made for lots significantly larger or smaller than the subject at a $5 000 per acre A bedroom count adjustment was not made in this analysis, because none could be extracted from the market No adjustment was made against comparables that were within 100 square feet of the subject property For differences over 100 square feet Above Grade Square Footage is adjusted at $30 00 per square foot Basement square footage is adjusted at $8 00 per square foot, with an additional $8 00 per square foot for finished space These adjustments are based on a paired sales analysis and have been confirmed by discussions with real estate agents Comp 1 42274 County Road 45 was adjusted for style, acreage, age, less size, no basement, less garage space, and for no sunroom Comp 2 25605 County Road 62 5 was adjusted for less acreage, less bathroom, greater size, central air, less garage space, no sunroom, and for superior updating Comp 3 26797 Highway 392 was adjusted for more acreage, age, more bath, no basement, central air, less garage, and for superior updating Comp 4 19515 County Road 78 was adjusted for age, less bath, less size, no basement, less garage, no sunroom, and for supenor updating Comp 5 26437 County Road 60 1/2 is listed as Pending A current market analysis indicates that property in Form TADD "TOTAL" appraisal software by a la mode, inc 1 800 ALAMODE Supplemental Addendum File No Borrower Krystal Fye Property Address 41056 County Road 43 Crty Ault County Weld State Co Zip Code 80610 Lender/Client N/A this area is selling at 100% of listed pnce, therefore no adjustment was made This comp was given no consideration in this analysis, because it is not yet a closed sale Active listing is not considered in the overall final value judgment and is provided at the request of the client Comp 6 21003 County Road 90 is listed as Active A current market analysis indicates that property in this area is selling at 100% of listed price, therefore no adjustment was made This comp was given no consideration in this analysis, because it is not yet a closed sale Active listing is not considered in the overall final value judgment and is provided at the request of the client RECONCILIATION Most weight is given to the Sales Companson Approach as it best reflects the actions of buyers and sellers in the subject's market The Cost Approach supports the indicated value The Income Approach was considered, but was determined to be not applicable because of a lack of rental data in this predominantly owner -occupied area and because of a lack of rental property re -sales needed in order to determine a reliable GRM Digital signatures are used in this report and are password protected This allows only the intended appraiser to make changes which would affect the integrity of the report Form TADD 'TOTAL' appraisal software by a la mode inc 1 800 ALAMODE Market Conditions Addendum to the Appraisal Report File No Fye 07/18 The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject neighborhood This is a required addendum for all appraisal reports with an effective date on or after Apnl 1 2009 Property Address 41056 County Road 43 City Ault State CO ZIP Code 80610 Borrower Krystal Fye Instructions The appraiser must use the information required on this form as the basis for his/her conclusions and must provide support for those conclusions regarding housing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form The appraiser must fill in all the information to the extent it is available and reliable and must provide analysis as indicated below If any required data is unavailable or is considered unreliable the appraiser must provide an explanation It is recognized that not all data sources will be able to provide data for the shaded areas below if it is available however the appraiser must include the data in the analysis If data sources provide the required information as an average instead of the median the appraiser should report the available figure and identify it as an average Sales and listings must be properties that compete with the subject properly determined by applying the criteria that would be used by a prospective buyer of the subject property The appraiser must explain any anomalies in the data such as seasonal markets new construction foreclosures etc Inventory Analysis Poor 7-12 Months Prior 4-6 Months Current -3 Months Overall Trend Total # of Comparable Sales (Settled) 13 7 8 ❑ Increasing X Stable ❑ Declining Absorption Rate (Total Sales/Months) 2 17 2 33 2 67 ❑ Increasing ® Stable ❑ Declining Total # of Comparable Active Listings 5 5 5 ❑ Declining Stable ❑ Increasing Months of Housing Supply (Total Listings/Ab Rate) 2 3 2 1 1 9 ❑ Declining X Stable ❑ Increasing Median Sale & List Price, DOM, Sale/List % Pnor 7-12 Months Poor 4-6 Months Current — 3 Months Overall Trend Median Comparable Sale Price $385,000 $433,000 $437,500 ® Increasing ❑ Stable ❑ Declining Median Comparable Sales Days on Market 46 75 47 5 ❑ Declining ® Stable ❑ Increasing Median Comparable List Pnce $455,000 $455,000 $439,000 ❑ Increasing ® Stable ❑ Declining Median Comparable Listings Days on Market 124 - 33 26 r+�T Declining ❑ Stable ❑ Increasing Median Sale Price as % of List Price 100 98 81 97 86 ❑ Increasing ❑ Stable Ti Declining Seller (developer builder etc )paid financial assistance prevalent? ❑ Yes ® No ❑ Declining ® Stable ❑ Increasing Explain in detail the seller concessions trends for the past 12 months (e g seller contributions increased from 3% to 5% increasing use of buydowns closing costs condo fees options etc) The IRES MLS indicates there were 28 closed sales during the past 12 months and 5 of those sales contained seller concessions which is 18% of the total transactions in this market area Prior Months 7-12 13 Sales, 4 with concessions, 31% of sales for this "eriod 4-6 7 Sales, 1 with concessions, 14% of sales for this period 0 3 8 Sales, 0 with concessions, 0% of sales for this period The concessions ranged between $500 and $5,000 The median concession amount is $5,000 yf Are foreclosure sales (REO sales) a factor in the market? ❑ Yes No If yes explain (including the trends in listings and sales of foreclosed properties) The data used in the grid above does not indicate there were any REO/Short sales or other distressed properties associated with the reported transactions However, this is not a mandatory reporting field for agents and there may be some distressed sales that were not reported It is beyond the scope of this assignment to confirm each sale used in the Market Conditions Report Cite data sources for above information The IRES MLS was the data source used to complete the Market Conditions Addendum searching within the defined area for homes having above grade living area between 1,000 and 2,000 sf Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form If you used any additional information such as an analysis of pending sales and/or expired and withdrawn listings to formulate your conclusions provide both an explanation and support for your conclusions Median sales price for the last 12 months is on the rise based on the market conditions addendum above increasing by 13 6% The number of listings has remained scarce while the days on market have remained stable Listing pnce has remained stable which may be a result of the scarce inventory Overall, a healthy and productive future market is suggested a , The above information with an * does not have accurate information, and so was not cited During the Winter months appraiser notes a decrease in settled sales This is typical for the geographical area, winter months tend to show an decrease in settled sales and active listings due to less desire to move due to weather and schools in session Trends have shown that January is the month with the lowest average sales price and July has the highest average sales price If the subject is a unit in a condominium or cooperative project , complete the following Project Name z Subject Project Data Pnor 7-12 Months Pnor 4-6 Months Current- 3 Months Overall Trend Total # of Comparable Sales (Settled) ❑ Increasing ❑ Stable ❑ Declining Absorption Rate (Total Sales/Months) ❑ 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 I stings and sales of i foreclosed properties .e U.' v Summanze the above trends and address the impact on the subject unit and project • Oattle 1 Signature j 1 i'ei Signature Appraiser Name Daniel Wagner-CerdResidential Appraiser Supervisory Appraiser Name Company Name Absolute Value Appraisals Company Name Z; Company Address 2124 Reservoir Rd, Greeley, CO 80631 Company Address State License/Certification # CR 200000011 State CO State License/Certification # State i Email Address Absolutevalueappraisals@gmail com Email Address Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009 Form 1004MC2 "TOTAL" appraisal software by a la mode Inc 1 800 ALAMODE Building Sketch Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State co Zip Code 80610 Lender/Client N/A Sun Room n TOTAL Sketch by a la mode me y 1 Car Attached m oo Sq R]' 00 Barn Breakfast Bedroom .chen Laundry Flrs[ Flwr ua11 Sp R) Bath (half) Doing 0 MI\ 1 Covered J IIIIJIIIIII Bath Bedroom Concrete Pear water Be...2 n MAW ram ry Basement Bedroom [1401 Sq R] Bath Bedroom a Car Detached [aa0 Sp R] 20 t 20 Car Detached (700 Sq R] 20 Sketch Is for Appraisal Purposes Only Square Footage Calculations are Approximate The Property ha been Measured a • To I fo Comparison Area Calculations Summary Living area _' — -- First Floor Total Living Area (Rounded) — -_ Non:hving Area - �' f„ 3 Car Detached Open Porch 2 Car Detached Second Floor Screened Porch 1 Car Attached Basement -.--e ,-- _ __--. - —�Iculation Detarlu -� _ ^ _— - 1441Sg5 15x7 = 105 31 5 x 34 = 1071 26 5 x 10 = 265 1441 Sq ft 799 Sq ft 5OSgft 480 Sq ft 4000 Sq ft 377 Sq ft 350 Sq ft 1441 Sq ft 20 x 39-9 = '398- 05 x 20 x 01 = 1 10x5 = SO 24 x 20 = 480 100 x 40 = 4000 29 x 13 = 377 25 x 14 = 350 15 x 7 = 105 31 5 x 34 = 1071 26 5 x 10 = 265 Form SKT BLDSKI 'TOTAL° appraisal software by a la mode, inc 1 800 ALAMODE Subject Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Front 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N;Rural; View N;Rural; Site 4.73 ac Quality Q4 Age 59 Street North Street South Form PICPIX.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower Property Address City Lender/Client Krystal Fye 41056 County Road 43 _ Ault County Weld State Co Zip Code 80610 N/A Side West 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N:Rural: View N:Rural: Site 4.73 ac Quality Q4 Age 59 Subject Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A 3 Car Detached 41056 County Road 43 Sales Price Gross Living Area 1.441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N;Rural View N;Rural, Site 4.73 ac Quality Q4 Age 59 Garage Interior 2 Car Detached Form PICPIX.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Chicken Coop 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N;Rural; View N:Rural, Site 4.73 ac Quality Q4 Age 59 Coop Interior Barn Form PICPIX.SR - ' TOTAL" appraisal software by a la mode. inc. - 1-800-ALAMODE Subject Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Barn Interior 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N;Rural; View N;Rural; Site 4.73 ac Quality Q4 Age 59 Driveway Form PICPIX.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Interior Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Dining 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N:Rural: View N; Rural; Site 4.73 ac Quality 04 Age 59 Living Bedroom Form LPICPIX.DSS LTIR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Interior Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Bath 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N,Rural: View N.Rural: Site 4.73 ac Quality Q4 Age 59 Bedroom Carbon Monoxide/Smoke Det Form LPICPIX.DSS LTIR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Interior Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Breakfast 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N;Rural; View N;Rural; Site 4.73 ac Quality Q4 Age 59 Kitchen Laundry Form LPICPIX.DSS LTIR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Interior Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State co Zip Code 80610 Lender/Client N/A Bath (half) 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N;Rural; View N:Rural: Site 4.73 ac Quality Q4 Age 59 1 Car Attached Sunroom Form LPICPIX.DSS LTIR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Interior Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Basement Bedroom 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N;Rural; View N;Rural; Site 4.73 ac Quality Q4 Age 59 Basement Bath Basement Bedroom Form LPICPIX.DSS LTIR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Interior Photo Page Borrower Krystal_ye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Utility 41056 County Road 43 Sales Price Gross Living Area 1,441 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1.1 Location N; Rural; View N: Rural: Site 4.73 ac Quality Q4 Age 59 Basement Family Form LPICPIX.DSS LTIR - "TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Comparable 1 42274 County Road 45 Prox. to Subject 1.56 miles NE Sales Price 375.000 Gross Living Area 1,297 Total Rooms 8 Total Bedrooms 5 Total Bathrooms 1.1 Location N;Rural: View N:Rural: Site 2.73 ac Quality Q4 Age 98 Comparable 2 25605 County Road 62.5 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 11.34 miles SE 445.000 1.613 5 2 1.0 N : Rural: N :Rural: 1.69 ac Q4 63 Comparable 3 26797 Highway 392 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 9.90 miles SE 425,000 1.400 7 3 2.0 N : Rural: N :Rural, 793ac Q4 88 Form PICPIX.CR - 'TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A Comparable 4 19515 County Road 78 Prox. to Subject 2.53 miles SW Sales Price 385.000 Gross Living Area 1,104 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1.0 Location N:Rural,. View N:Rural: Site 4.49 ac Quality Q4 Age 118 Comparable 5 26347 County Road 60 1/2 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 13.15 miles SE 399,900 2,276 7 5 2.0 N:Rural; N:Rural: 1.52 ac Q4 100 Comparable 6 21003 County Road 90 Prox. to Subject 2.97 miles N Sales Price 440,000 Gross Living Area 2,802 Total Rooms 8 Total Bedrooms 4 Total Bathrooms 2.0 Location N:Rural: View N;Rural. Site 1.86 ac Quality Q4 Age 118 Form PICPIX.CR - "TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State Co Zip Code 80610 Lender/Client N/A a la mode, inc. two env -.•% .re flair ter fAn(Z1JV Livermore 5 ' 34' Lyons 157 Boulder Bellvue Mascnvdtle tY i'.v v? • a • • Bei ge/ IC it Mt 4-1- kF Fort Collins Trilby Comet Longmont Berthoud Erie Lafayette _oui:vslie iupehpr Rocky Flab Notional Wildlife Refuge Is. Broomfield Plead DOViq Pawnee National Groniands Severance Johnstown Milliken Firestone Frederick Tho nton t Westminster cap, Sherre4 od Dtfby Platteville ;art Lupton SUBJECT 41056 County Road 43 Ault Eaton Purcell Galeton Cleverly Cornish La Salle Hardin Brighton e* I Rxka .Morntarn ArKr,te1 Arvada Berkley Commerce City Wheat Ridge Edgewater ge Denver Lakewood b Bing Indian Hills 470 e rd. - Lerrry Air Forte Glendale aatr Englewood Cherry Hills Village Greenvrood Littleton VUI.ige rota a1 . .0aPe lttenesburg Au Foirve Reservation South Roggen Bennett . Strasburg 5 rules 10 lirr Si 2013 HERE.t 1S Mcrosolt C.ceention Tames Form MAP.LOC - "TOTAL' appraisal software by a la mode. inc. - 1-800-ALAMODE Aerial Map Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A a (a mode, inc. 0-41/4 The WS) ,n Apr SUBJECT 41056 County Road 43 25 feet 201a r'.E;r.ibbt 31,3 tee 7,ib Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Sales Map Borrower Krystal Fye Property Address 41056 County Road 43 _ City Ault County Weld State CO Zip Code 80610 Lender/Client N/A S a is mode, inc. The tiler n +%A rare♦ 'cif "Clary Dover Nunn COMPARABLE No. 6 21003 County Road 90 2.97 miles N COMPARABLE No. 4 19515 County Road 78 2.53 miles SW Sevecance 3r ac ekeI' 34 Milliken b Binq T-- . BYP Elm GtIcrect Eaton COMPARABLE No. 2 25605 County Road 62.5 11.34 miles SE COMPARABLE No. S 26347 County Road 60 1/2 13.15 miles SE Evans La SSie Hambert COMPARABLE No. 1 42274 County Road 45 1.56 miles NE rsey &amesinUe COMPARABLE No. 3 26797 Highway 392 9.90 miles SE Kuner South P!ot?e Hardin POWtrf Natrona! Grassland; 2 min 2 km t 2012 HE E.? 2018 MKrosaf Co tratton Te!r s Form MAP LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No Fye 07/18 UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source Fannie Mae UAD Appendix D UAD Field -Specific Standardization Requirements) Condition Ratings and Definitions C1 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 matenals 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 majonty 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 D1 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 extenor of the structure The design features exceptionally high quality extenor refinements and ornamentation and exceptionally high quality interior refinements The workmanship materials and finishes throughout the dwelling are of exceptionally high quality Q2 Dwellings with this quality rating are often custom designed for construction on an individual property owners site However dwellings in this quality grade are also found in high quality tract developments featunng residence constructed from individual plans or from highly modified or upgraded plans The design features detailed high quality extenor 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) Form UADDEFINE1A "TOTAL" appraisal software by a la mode, Inc 1 800 ALAMODE UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source Fannie Mae UAD Appendix D UAD Field Specific Standardization Requirements) Quality Ratings and Definitions (continued) Q3 Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above standard residential tract developments or on an individual property owner s site The design includes significant exterior ornamentation and intenors that are well finished The workmanship exceeds acceptable standards and many matenals and finishes throughout the dwelling have been upgraded from stock standards Q4 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 intenor refinements Matenals workmanship finish and equipment are of stock or builder grade and may feature some upgrades Q5 Dwellings with this quality rating feature economy of construction and basic functionality as main considerations Such dwellings feature a plain design using readily available or basic floor plans featunng minimal fenestration and basic finishes with minimal exterior ornamentation and limited intenor detail These dwellings meet minimum building codes and are constructed with inexpensive stock matenals 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 necessanly imply deferred maintenance or physicaVfunctional detenoration 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 penod where the full bath count is represented to the left of the penod 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 UADDEFINE1A-"TOTAL" appraisal software by a la mode, inc 1 800 ALAMODE UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source Fannie Mae UAD Appendix D 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 Dnveway 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-nse 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 0 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 Borrower Krystal Fye File No Fye 07/18 Property Address 41056 County Road 43 City Ault County Weld State CO Zip Code 80610 Lender/Client N/A APPRAISAL AND REPORT IDENTIFICATION This Report is one of the following types I14 Appraisal Report (A written report prepared under Standards Rule 2-2(a) pursuant to the Scope of Work as disclosed elsewhere in this report ) • Restricted (A written report prepared under Standards Rule 2 2(b) pursuant to the Scope of Work as disclosed elsewhere in this report Appraisal Report restricted to the stated intended use by the specified client or intended user) Comments on Standards Rule 2-3 I certify that, to the best of my knowledge and belief The statements of fact contained in this report are true and correct The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal impartial, and unbiased professional analyses, opinions and conclusions Unless otherwise indicated I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity regarding the property that is the subject of this report within the three year period immediately preceding acceptance of this assignment I have no bias wall respect to the property that is the subject of this report or the parties involved with this assignment My engagement in this assignment was not contingent upon developing or reporting predetermined results My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report Unless otherwise indicated no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report) Comments on Appraisal and Report Identification Note any USPAP related issues requiring disclosure and any State mandated requirements APPRAISER / SUPERVISORY or CO -APPRAISER (if applicable) Signature Dave/ " apee Signature Name Daniel Wagner -Certified Residential Appraiser Name State Certification # CR 200000011 State Certification # or State License # or State License # State CO Expiration Date of Certification or License 1 2131 /2 01 9 State Expiration Date of Certification or License Date of Signature and Report 07/21/2018 Date of Signature Effective Date of Appraisal 07/20/2018 Inspection of Subject ll None ►,1 Intenor and Extenor IM Exterior Only Inspection of Subject M None MI honor and Exteror M Exterior Only Date of Inspection (if applicable) 07/20/2018 Date of Inspection (if applicable) Form ID14 "TOTAL" appraisal software by a la mode inc 1 800 ALAMODE E & 0 Insurance 2018 CERTIFICATE OF REAL ESTATE ERRORS AND OMISSIONS INSURANCE Insurance Company: Continental Casualty Company a CNA insurance company (Continental) Producer. Rice Insurance Services Company LLC (RISC) 4211 Norbourne Boulevard. Louisville, Kentucky 402074048 Phone (800)637-7319 Fax. (502) 897-7174 Mailing address. DANIEL E WAGNER ABSOLUTE VALUE APPRAISALS 2124 RESERVOIR RD GREELEY CO 80631 THIS CERTIFICATE OF INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER OTHER THAN THOSE SET FORTH IN THE POLICY AND ANY ENDORSEMENTS ISSUED TO THE LICENSEE THIS CERTIFICATE DOES NOT AMEND,EXTEND.OR ALTER THE COVERAGE AFFORDED BY THE INSURANCE POLICY REFERENCED HEREIN. This is to certify that the following Licensee is insured as stated below, through the group errors and omissions insurance policy issued to the Colorado Department of Regulatory Agencies Divispon of Real Estate Insured DANIEL E WAGNER Real Estate License Number CR200000011 (if applicable) Policy Number 18 AP 0005CO-/00706680 Individual Policy Period: 01101/2018 to 01/01/2019 • Limits of Liablrty $ 100.000 per claim $ 300.000 aggregate" Deductibles. Damage Deductible $ 1 000 Claim Expense Deductible SO This policy Is a claims -made -and -reported policy. It only applies to Claims that are made and reported during the Individual Policy Period or any applicable Extended Reporting Period. To protect the Insured's interest and preserve any available coverage, it is essential to report claims timely in accordance with the policy provisions You may obtain a copy of the group policy online at. www nsceo corn You may also obtain copies of the group policy and any optional endorsements purchased by calling (800) 637-7319. ext 1. Authorized Representative Date Generated ;taker 12/8/2017 Form SCNLGL - "TOTAL" appraisal software by a la mode. inc. - 1-800-ALAMODE COPY :rue Evan Mow :4 :a Pneevcw Rd 3rtelej CO 006) -74fata iagitm) thrector : Marcia Waters State of Colorado Department of Regulatory Agencies Division of Real Estate Board of Real Estate Appraisers Daniel L i an n agalsr C.fit!'*J P.scle.rt11u1 sa ntc“ License 0: CR 200000011 Status: Active Expires: ' 2'3 i i2O' C For the most up to date information regarding this credential, visit http: ,' bra . colowadc. go ! dre Form SC1 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 5 2019 WELD COUNTY COMMISSIONERS Date of Notice: 6/25/2019 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R0542501 2019 5053 PT 96 41056 SW4 3-7-65 (.50R.11 COUNTY D) LOT ROAD B AMD 43 WELD REC EXEMPT RE -19 FYE 41056 AULT, DENNIS COUNTY CO 80610-9536 L ROAD 43 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE REVIEW PRIOR TO ACTUAL VALUE REVIEW AFTER RESIDENTIAL 647,498 647,498 TOTAL 647,498 647,498 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: AG02 - Your property must be visually inspected. At this time no adjustment has been made. Please carry apeal to the County Board of Equalization. Our decision will be made prior to the hearing. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. Agent (If Applicable): 1 5-DPT-AR PR 207-08/13 R0542501 ASQ'o3 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 25th through August 5th at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail, file online, or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 Online: www.co.weld.co.us/appsl/cboe/ To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property - after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 10, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colorado.gov/baa telephone number. Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, 39-1-120(3), C.R.S. PETITION BOARD TO COUNTY OF EQUALIZATION What is your estimate of the property's value as of June 30, 2018? (Your opinion of value in terms of a specific olla am unt is required for real propperty pursuant to § 39-8-106(1.5), C.R.S.) /P7(i1 Va{ ()fr . 7.--)04-iF What is he basis foe your estimate of value or your reason for requesting a review? (Please attach arfrlitinnal chncvtc ac nnrcccani and an; el ippnrtinn documentation, i.e., comn.,rable sales, rent rani, original! jai installed cost appraisal, etc.) ffraC vil3VoiA Rv' ja(0--t- 4f- 11th , its 17 rk Ste- t�C`C c �--1 U -1 V WM t 7 co/ 0c% vL 5ee GC S ATTESTATION I, the undersigned owner or agent1 of the property identified above, affirm that the statements contained herein and on any achments hereto are true and complete. S gnatufeK � t y Email Address -701.-A>X3 Telephone Number egi ,\)O ku0- (6vnik_ 1 Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08/13 R0542501 American Land Title Association Estimated ALTA Settlement Statement - Borrower/Buyer Adopted 05-01-2015 File Number Print Date & Time Escrow Officer Settlement Location 209316 8/29/20181 31 PM Laura L Boehle 3665 JFK Parkway, Bldg 1, Suite 204 Fort Collins, CO 80525 The Group Guaranteed Title, LLLP 3665 JFK Parkway, Bldg. 1, Suite 204 Fort Collins, CO 80525 Property Address Buyer Seller Lender 41056 WCR 43 Ault, Colorado 80610 Dennis L Fye - 41056 WCR 43, Ault, CO 80610 Krystal M Fye - 41056 WCR 43, Ault, CO 80610 R Craig Simpson - 10100 S Brown Road, Oak Grove, MO 64075 Nora E Wineland - 10100 S Brown Road, Oak Grove, MO 64075 R Craig Simpson & Nora E Wineland -10100 S Brown Road, Oak Grove, MO 64075 Settlement Date Disbursement Date Additional dates per state requirements 9/10/2018 9/10/2018 9/10/2018 ' . Y , , - Description==_ . ._ - =. = - - - ----,---- ; ;- - : = -------Borrow`er/Buyer = � _ - _ -- - Debit _ _ - , -Credit -- Financial Sales Price of Property $350,000 00 Deposit $2,000 00 Loan Amount $332,525 00 Seller Credit $4,800 00 Prorations/Adjustments County Taxes 1/1/2018 to 9/10/2018 $1,565 47 Title Charges & Escrow/Settlement Charges Title - Lender's Policy $332,525 00 Premium - $175 00 to The Group Guaranteed Title, LLLP $175 00 E -Recording Fee to The Group Guaranteed Title, LLLP - $25 00 Tax Certificate to The Group Guaranteed Title, LLLP $30 00 Title - Closing Fee -1 /2 seller & 1/2 buyer to The Group Guaranteed Title, LLLP $95 00 ! Government Recording and Transfer Charges Recording Fees Deed $18 00 Mortgage $43 00 to Weld County -Recorder $61 00 Tax Stamp for State Deed to Weld County - Recorder $35 00 Miscellaneous Attorney Invoice -1/2 seller & 1/2 buyer to NEED INVOICE $375 00 Debit 1 _ -Credit- _ ,, Subtotals $350,796.00 $340,890.47 Due From Borrower/Buyer $9,905 53 Totals $350,796 00 $350,796 00 Copyright 2015 American Land Title Association All rights reserved Page 1 of 2 File# 209316 Printed on August 29, 2018 at 1 31 PM Uniform Residential Appraisal Report File # Fve 07/18 FEATURE SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 r>s Address 41056 County Road 43 Ault, CO 80610 19515 County Road 78 Ault, CO 80610 26347 County Road 60 1/2 Greeley, CO 80631 21003 County Road 90 Pierce, CO 80650 Proximity to Subject 3''=- -, 2 53 miles SW 1315 miles SE 2 97 miles N ?'•, Sale Price $ 3-- -,- :',..L- -C- r : $ 385,000 V Y =z - =`, ~'-> $ 399,9004..-`..;---7- 7:,----.'=0.77'y: $ 440,000 I Sale Pnc Gross Liv Area e/ $ sq ft $ 348 73 sq ft 3 , __ ' - �=� �� ; � � $ 175 70 sq ft 1 D-,73,44-._-',7--,:17,1,---7' =$ 157 03 sQ � �-- "4.y; =Ftj � f?-:!:' :r:,' Data Source(s) `-. ` 0-'-f.,- IRES#847356,DOM 44 IRES#848304,DOM 79 IRES#856102,DOM 10 Verification Sources_ ( ) fi --""1::'-''f'2'...-- - County Records County Records County Records ,; VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment Sales or Financing Concessions. f�, i = - t ArmLth Conv,O ArmLth Listing Date of Sale/Time -I-- 12= s05/18,c04/18 0 Active 0 Active 0 Location N Rural N Rural N Rural N Rural s= Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple � : Site 4 73 ac 4 49 ac 0 1 52 ac +16,100 1 86 ac +14,400 ins.-' View N Rural N Rural N Rural N Rural Viz: Design (Style) DT1,Ranch DT1,Ranch DT2,2 Story +5000 DT2,2 Story +5,000 Quality of Construction Q4 04 Q4 Q4 ce Actual Age 59 118 +18,000 100 +8,200 118 +11,800 •_ oY W. a, Condition C3 C3 C3 C3 Above Grade Room Count Gross Living Area Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths 6 2 1 1 6 3 1 0 +2,500 7 5 2 0 -2,500 8 4 2 0 -2,500 1,441 sg ft 1,104 sq ft +10,100 2,276 sq ft -25,100 2,802 sqn -40,800In Basement & Finished Rooms Below Grade 1441sf1153sfin 1rr2br1 0baOo Osf +20,800 +2 500 693sf0sfin +15,200 +2 500 Osf +20,800' +2 500 Functional Utility Avera • e Avera • e Avera • e Avera • e L":' Heating/Cooling F/A, No C/A F/A, No C/A F/A, No C/A F/A, No C/A r ..: Energy Efficient Items None None None None ;w' Garage/Carport 1qa5qd5dw 2ga2dw +10,000 4qd4dw +5,000 lqd1dw +12,500 M Parch/Pabo/Deck Cd Por, Sunrm Stoop +2,000 Stoop +2,000 Cd Por, Deck 0 yy• ; Outbuddinis Barn Barn Barn Barn Updating Neutral Superior -20,000 Superior -10,000 Supenor -20,000 5 3V'NS Net Adjustment (Total) + ❑ - $ 45 900 ►:i + ❑ - $ 16 400 ► ? + ❑ - $ 3 700 Adjusted Sale Price of Comparables �;' - s"=- w ,r w Net Adj 11 9 % Gross Adj 223% $ 430,900 Net Adj 41% Gross Adj 229% $ 416,300 Net Adj 08 % Gross Adj 296% $ 443,700 L.; 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 `"J, Date of Prior Sale/Transfer 04/04/2001 11/26/2001 Price of Prior Sale/Transfer $290,000 $164,700 0' Data Source(s) County Record County Record CoreLoqic CoreLoqic ;v,; Effective Date of Data Source(s) 07/20/2018 07/20/2018 07/21/2018 07/21/2018 :W. Analysis of prior sale or transfer history of the subject property and comparable sales Active listings have not been adiusted since market analysis indicates ':'' that property is currently selling at 100% of the listed price w Analysis/Comments . -ir w, Sugementai Addendum File No Borrower Krystal Fye Property Address 41056 County Road 43 - City Ault County Weld State Co bp Coda 80610 Lender/Client N/A SCOPE OF APPRAISAL This report, as defined by Standards 2 2(b) of the Uniform Standards of Professional Appraisal Practices, is an appraisal report. Both interior and exterior inspections of the subject property were performed as of the effective date of this appraisal Also included in this appraiser's Scope of Work was a visual inspection of the subject's neighborhood and each of the sales comparables included in this report This appraiser researched, verified when possible and analyzed data from reliable public and/or private sources, for the completion of this appraisal Confirmation and verification of information provided by others was made through multiple sources, including agents, buyers, sellers and county data In cases where the data could not be personally verified by an active participant in the transaction, information from county data sources was utilized Confirmation information and data collected from county records is assumed to be accurate In cases where there is a discrepancy in data, an explanation for this appraiser's conclusion is provided This appraisal also included an extensive analysis of market data, collected from the local MLS system This appraiser did not personally inspect the attic of the subject property No personal property was included in the opinion of value The intended user of this appraisal report is the client, and the purpose of this report is to evaluate the property that is the subject of this appraisal for a mortgage finance transaction, subject to the Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and definition of market value No additional intended users are identified by the appraiser HIGHEST AND BEST USE The highest and best use of a property is defined in the Dictionary of Real Estate Appraisal, Fifth Edition, "The reasonably and probable use of vacant land or an improved property that is physically possible, legally permissible, financially feasible, and that which results in the highest value " The definition of highest and best use applies to the use of a site as though vacant, as well as to the property as improved When a site contains improvements, the highest and best use may be determined to be different from the existing use In addition, the highest and best use of a property takes into account the contribution of a specific use to the community and community development goals as well as the benefits of that use to individual property owners The determination of highest and best use is based upon the appraiser's judgment and analytical skills because the use determined from analysis is based on the appraiser's opinion In appraisal practice, the concept of highest and best use represents the premise upon which value is based The analysis to determine a property's highest and best use of (1) as though vacant, and (2) as improved, include the following Legally Permissible, Physically Possible, Financially Feasible, and Maximally Productive The subject passes the above criteria, and therefore, it is the appraiser's opinion that the highest and best use of the Subject As Vacant and As Improved is Single-family residential, as currently improved INFORMATION NOT PROVIDED The following information was not Provided to the appraiser a survey, title commitment, and environmental assessment NEIGHBORHOOD DESCRIPTION The subject property is located in Greeley in an established subdivision that consists of average quality constructed homes built in the 1970s Homes in this neighborhood vary little in design, age, condition, square footage and amenities For that reason, this neighborhood is considered to be homogeneous Schools and employment centers are located within close proximity to the subject property Police and fire protection are adequate AftaERSP rnelfiTinNS No adverse conditions were observed at the time of inspection Fema indicates subject is located in Flood Zone X Areas of minimal flood hazard from the principal source of flood in tha araa and riatarminari to ha ni,tcuia tha 11 9 narrant annual rhanra flnnriniain Sumgemr> me Men File No F 07/18 Borrower Krystal Eye Property Address 41056 County Road 43 City Ault County Weld Stile CO Zip Code 80610 Lender/Client N/A The estimated marketing time for the subject is based on the reported marketing periods of comparable sales in the market providing evidence that comparable properties are viable and desirable in the market Average days on the market for active listings is 65 days Based on this finding, if professionally marketed at a price level that allows for negotiation, should sell within a 3 month time frame SITE CONDITIONS The subjects site size was taken from Weld County Records There were no known adverse site conditions or external factors, such as easements, encroachments or environmental conditions noted during the inspection that would negatively impact the marketability of the subject property No survey or title work was provided from which to determine whether any of these issues exist This appraiser is not an expert in this field No Oil or Gas Production facilities were located on the property ADDITIONAL FEATURES The subject property is a 59 -year -old, average quality constructed home, with a wood/frame and brick exterior, a composition shingle roof, and a one -car attached garage Additional features include, but are not limited to electric garage door, a sunroom, and several outbuildings PRO ;• ERTY CONDITIONS Quality is considered O4 Standard building plans used with basic/stock finishes Condition is considered to be C3 The improvements are well maintained and feature limited physical deterioration due to normal wear and tear Functional utility is good, with adequately sized rooms, ample closet space, and an efficient layout This dwelling meets functional and aesthetic expectations of purchasers in this price range PHYSICAL DEFICIENCIES AND/OR ADVERSE CONDITIONS This appraisal should not be considered a home inspection This appraiser only inspected the visible areas of the subject property, and this appraisal should not be relied upon to disclose any deficiencies, issues with regard to structural integrity, mechanical systems condition or capacity, moisture or moisture -related issues including settlement mold or water retention/drainage or items in need of repair Also, this appraiser is not responsible for identification or reporting of the condition or structural integrity of the property in areas that cannot be seen, such as, but not limited to, basement floors or foundations that are finished or covered This appraiser claims no special expertise in these areas, nor is the appraiser an expert regarding issues related to foundation settlement, basement moisture problems, wood destroying (or other) insects, radon gas, pressure treated wood foundation systems or lead base paint Unless otherwise noted, the appraiser assumes that the various elements that constitute the subject property are fundamentally sound and in working order Statements regarding condition, particularly those about heating and cooling systems, are based on superficial observations only Carbon Monoxide and smoke detectors were identified within the home and appeared to be functioning Clients are invited and encourage to employ qualified experts to inspect and address any concerns If negative conditions are discovered, the appraiser should be notified, as the opinion of value for the subject could require modification CO' " MENTS ON SALES COMPARISON APPROACH Common Adjustments are as follows Ranch design is adjusted $5,000 for superiority, most home buyers prefer a home with fewer stairs Updating includes refurbished wood floors, tile or granite counter tops, intenor paint, new flooring, new appliances, windows, and updated bathrooms Adjustment for bathrooms is $5,000 for a full bath, $2,500 for a half -bath, and $2,500 for a basement bath Garages are adjusted at $2,500 per car The sunroom was adjusted $2,000 Central air conditioning systems were adjusted $3,000 A $200 per year age adjustment was made for homes having an age difference greater than 10 years Site size adjustments were made for lots significantly larger or smaller than the subject at a $5,000 per acre A bedroom count adjustment was not made in this analysis, because none could be extracted from the market No adjustment was made against comparables that were within 100 square feet of the subject property. For differences over 100 square feet Above Grade Square Footage is adjusted at $30 00 per square foot Basement square footage 's adjusted at $8 no per square foot, with an additional $8.00 per square foot for finished space. These adjustments are based on a paired sales analysis and have been confirmed by discussions with real estate agents Market Conditions Addendum to the Appraisal Report File No Fve 07/18 i The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject neighborhood This is a required addendum for all appraisal reports with an effective date on or after Apnl 1, 2009 Property Address 41056 Coun Road 43 City Ault State CO ZIP Code 80610 Borrower K stal F e Instructions The appraiser must use the information required on this form as the basis for his/her conclusions, and must provide support for those conclusions, regarding housing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form The appraiser must fill in all the information to the extent it is available and reliable and must provide analysis as indicated below If any required data is unavailable or is considered unreliable, the appraiser must provide an explanation It is recognized that not all data sources will be able to provide data for the shaded areas below, if it is available, however, the appraiser must include the data in the analysis If data sources provide the required information as an average instead of the median, the appraiser should report the available figure and identify it as an average Sales and listings must be properties that compete with the subject property, determined by applying the cntena that would be used by a prospective buyer of the subject property The appraiser must explain any anomalies in the data, such as seasonal markets, new construction, foreclosures, etc ImentaryAnatysis , ,' Pnor 7-12 Months Prior 4-6 Months Current —3 Months Overall Trend Total # of Comparable Sales (Settled) 13 7 8 ❑ Increasing ►' Stable ❑ Declining ;,,, Absorption Rate (Total Sales/Months) 2 17 2 33 2 67 ❑ Increasing ►_<i Stable ❑ Declining Total # of Comparable Active Listings '�, <" 5- , t, <' 5 5 - Mani ' ► Stable ■ increasing c Months of Housing Supply (Total Listings/Ab Rate) j:•.--- 2 S' < ; , = `% : T' 2; ` _ ; 1 9 O Decbning`- ►j1,Stable ' , - ■ Increasing Median Sate,&List:Pnce,PObl,Salelt ListPnce,P014.,Sale/List% Pnor 7-12 Months Prior 4-6 Months Current -3 Months Overall Trend . _ Median Comparable Sale Pnce $385 000 $433 000 $437 500 iIi Increasing ❑ Stable ❑ Declining , e. Median Comparable Sales Days on Market 46 75 47 5 ❑ Declining Stable ❑ Increasing Median Comparable List Price '- $455,000 ' ' - . ' $455,000 $439,000 ■ Increasing= + Stable ❑ Declining Median Comparable Listings Days on Market P 9 Y y24. � _ '`S3 � � 26 ► -Declining - g° ... Stable -,^ ❑ Si Increasing_ Median Sale Price as % of List Price 100 98 81 97 86 ❑ Increasing ❑ Stable ii Declining Seller -(developer, builder, etc )paid financial assistance prevalent? ❑ Yes I i No ❑ Declining Stable ❑ Increasing �• Explain in detail the seller concessions trends for the past 12 months (e g , seller contributions increased from 3% to 5%, increasing use of buydowns, closing costs, condo ;- fees, options, etc ) The IRES MLS indicates there were 28 closed sales dunnq the past 12 months and 5 of those sales contained seller concessions which is 18% of the total transactions in this market area Prior Months 7-12 13 Sales, 4 with concessions, 31% of sales for this •" .enod 4-6 7 Sales 1 with concessions 14% of sales for this .errod 0-3 8 Sales 0 with concessions 0% of sales for this . enod The concessions ranged between $500 and $5,000 The median concession amount is $5,000 • Are foreclosure sales (RED sales) a factor in the market? ❑ Yes !'_i4 No If yes, explain (including the trends in listings and sales of foreclosed properties) The data used in the qnd above does not indicate there were any REO/Short sales or other distressed properties associated with the reported transactions However, this is not a mandatory reporting field for agents and there may be some distressed sales that were not reported It is be and the sco.e of this assi•nment to confirm each sale used in the Market Conditions Re.ort Cite data sources for above information The IRES MLS was the data source used to corn • lete the Market Conditions Addendum searchin• within the defined area for homes haven. above .rade Irvinarea between 1 000 and 2 000 sf Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form If you used any additional information such as an analysis of pending sales and/or expired and withdrawn listings, to formulate your conclusions, provide both an explanation and support for your conclusions Median sales price for the last 12 months is on the rise based on the market conditions addendum above increasing by 13 6% The number of listings has remained scarce while the days on market have remained stable Listing_price has remained stable which may be a result of the scarce inventory Overall, a healthy and productive future market is suggested The above information with an • does not have accurate information, and so was not cited During the Winter months appraiser notes a decrease in settled sales This is • ical for the • eo • ra • hical area winter months tend to show an decrease in settled sales and active listin. s due to less desire to move due to weather and schools in session Trends have shown that January is the month with the lowest average sales pnce and July has the highest average sales price 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) ■ Increasing ■ Stable f♦ Declining Absorption Rate (Total Sales/Months) ❑ Increasing ❑ Stable ❑ Declining Total # of Active Comparable Listings ❑ Declining <- ❑ Stable' l ` ❑increading Months of Unit Supply (Total Listings/Ab Rate) .. ❑ Declining— _ El stable.:-,_, ❑ Increasing ^. Are foreclosure sales (RED sales) a factor in the projects ❑ Yes ❑ No If yes, indicate the number of REO listings and explain the trends in I stings and sales of foreclosed properties o'; t:Y!' 0 o. �Ut ®5 0' Summarize the above trends and address the impact on the subject unit and project Wham Sketch Borrower Krystal Fye Property Address 41056 County Road 43 City Ault County Weld State co Zip Code 80610 Lender/Client N/A Sun Room TOTAL Sketch by a b mode, inc. 4 N^ 1 Car Attached [350 Sq ft). Breakfast Bedroom Krthen First Floor Laundry Bath (hall) Dining 10 jr Covered Porch 40 Barn Concrete floor water ® electricity [1441 Sq R] 111111111111 Living Bath Bedroom 40 n 1V Utility Basement [1441 Sq ft] IIIIIIIIIIII Family Bedroom Bath Bedroom 20 1 Car Detached [430 Sq ft] C 20 20 3 Car Detached [799 Sq ft] 2 Sketch ,s for Appraisal Purposes Only Square Footage Calculations are Approximate The Property has been Measured as a Tool for Comparison Area Calculations Summary -fixing Area First Floor I. Total Living Area (Rounded) 3 Car Detached y " ` O t t 7 . Caicolation l eta,ls- - - 1441 Sq ft 15 x 7 = 105 31 5 x 34 = 1071 26 5 x 10 = 265 1441 Sq ft 799 Sq 20 x 39 9 = 798 05x20x01= 1 July 22, 2019 Petitioner: FYE DENNIS L 41056 COUNTY ROAD 43 AULT, CO 80610-9536 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 2019-2855, AS0103 Appeal 2008224614 Hearing 7/25/2019 10:30 AM Account(s) Appealed: R0542501 Dear Petitioner(s): The Weld County Board of Equalization has set adate ofJuly 25, 2019, atorabout the hour of 10:30 AM, tohold ahearing on your valuation forassessment. This hearing will beheld atthe Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have aright toattend this hearing and present evidence insupport ofyour petition. The Weld County Assessor 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 youwish toobtain thedata supporting theAssessor's valuation ofyour property, please submit a written request tcassessor@weldgov.com. Upon receipt oVourwritten request, theAssessor will notify you ofthe estimated cost ofproviding such information. Payment must bemade prior tothe Assessor providing such information, aWhich timetheAssessor willmake thedataavailable within three (3) working days, subject to any confidentiality requirements. Please advise me ifyou decide not to keep your appointment as scheduled. Ifyou need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Danes, Assessor Hello