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Home My WebLink About20192805.tiffAugust 2, 2019 Petitioner: ROHLEDER DANIEL G 1123 COUNTRY ACRES DR JOHNSTOWN, CO 80534-8471 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBS ITE: www.weldqov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-2805 Appeal 2008224598 Hearing 8/1/2019 1:30 PM 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 R6858197 Deny - Denied in Full $381,534 $381,534 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 xO (`i-�8O5 pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall provide to the County Board of Equalization or to the Board of County Commissioners of the County in the case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable: (A) Actual annual rental income for two full years including the base year for the relevant property tax year; (B) Tenant reimbursements for two full years including the base year for the relevant property tax year; (C) Itemized expenses for two full years including the base year for the relevant property tax year; and (D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for two full years including the base year for the relevant property tax year. (II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within ninety days after the appeal has been filed with the Board of Assessment Appeals. (b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's request, the following information: (A) All of the underlying data used by the county in calculating the value of the subject property that is being appealed, including the capitalization rate for such property; and (B) The names of any commercially available and copyrighted publications used in calculating the value of the subject property. (II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b) shall redact all confidential information contained therein. (c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for noncompliance with such order. The motion may be made directly by the County Attorney and shall be accompanied by a certification that the County Assessor or the County Board of Equalization has in good faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c) and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders in regard to the noncompliance as are just and reasonable under the circumstances, including an order dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest shall resume as of the date the contested information has been provided by the taxpayer. Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to you. The address and telephone number of the Board of Assessment Appeals are: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone Number: (303) 864-7710 Email: baa@state.co.us Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent must pay a fee of $101.25 per appeal. OR 2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the District Court of the county wherein your property is located: in this case that is Weld County District Court. A hearing before The District Court will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado appellate review and C.R.S. §24-4-106(9), govern the process. OR 3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this option, the arbitrator's decision is final and you have no further right to appeal your current valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following: a. Select an Arbitrator: You must notify the Board of Equalization that you will pursue arbitration. You and the Board of Equalization will select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located (i.e. Weld) will select the arbitrator. b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records documents and other evidence pertaining to the value of the property. The arbitrator also has the authority to administer oaths, and determine all questions of law and fact presented to him. The arbitration hearing may be confidential and closed to the public if you and the Board of Equalization agree. The arbitrator's decision must be delivered personally or by registered mail within ten (10) days of the arbitration hearing. c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the Board of Equalization. In the case of residential real property, the fess may not exceed $150.00 per case. For cases other than residential real property, the arbitrator's total fees and expenses are agreed to by you and Board of Equalization, but are paid by the parties as ordered by the arbitrator. If you have questions concerning the above information, please call me at (970) 400-4226. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor r Oil Cnq cAccA)krY)afr\i'e iCn U4Ne\Q � btitcye2,in CCUI\ E Ou;- Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 Presorted First Class U.S. Postage PAID The Master's Touch, LLC 2019 REAL PROPERTY VALUATION INSIDE THIS IS NOT A TAX BILL 49897*59**G50***`*AUTO**5-DIGIT 80513 ROHLEDER DANIEL G 1123 COUNTRY ACRES DR JOHNSTOWN CO 80534-8471 2019 REAL PROPERTY PROTEST FORM You may appeal the valuation and/or classification by June 1st online, in person, or mail this form to the assessor. Website: www.welddov.com/departments/assessor Email: appeals@weldgov.com Location/Mailing: 1400 N. 17th Avenue, Greeley, CO 80631 Phone: 970-400-3650 Fax: 970-304-6433 Response only required if you wish to appeal the 2019 value. Account Number: R6858197 IIJ HI pll pIN i Property Owner: ROHLEDER DANIEL G What is your estimate of the property's value as of June 30, 2018? $ _ TO APPEAL ACCOUNT R6858197 CHECK HERE ❑ YOUR REASON FOR APPEALING THE VALUE IS: Please attach additional information as necessary. Signature Telephone Number Date E -Mail Address AGENT AUTHORIZATION: You must provide written authorization if you are using an agent. The agent's name, mailing address, e-mail address, and telephone number must be provided. YOUR RIGH`d '0 APPEAL THE PROPERTY VALUATION AND/OR CLASSIFICATION TO THE ASSESSOR EXPIRES JUNE 1, 2019. If the date for filing any document falls upon a Saturday, Sunday or legal holiday, it shall be deemed timely filed if postmarked or received on the next business day. 39-1-120(3), C.R.S. S 2019 REAL PROPERTY NOTICE OF VALUATION This is a condensed version of your Notice of Valuation. See your entire Notice of Valuation, a complete property report, further details on the appeal process, sales data used for the valuation cycle. and a protest filing application at: www.co.weld.co.us/apps1/propertvportall. The assessment rate for residential property is projected to be 7.2%. Generally, all other property is assessed at 29%. Your property was valued as it existed on January 1, 2019 using appraisal data from the period ending June 30, 2018. Account No: R6858197 Property Address/Description JOH 8CA-7 L7 COUNTRY ACRES 8TH FILING Classification Prior RESIDENTIAL Total 304,515 304,515 Current Difference 381,534 381.534 +77,019 +77,019 THE PRIOR YEAR TAX ESTIMATE IS $1,875. THE CURRENT YEAR TAX ESTIMATE IS $2,348. THIS RESULTS IN AN INCREASE OF +$473. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. If you are unable to view your Notice of Valuation online, please call us at 970-400-3650. YOUR RIGHT TO APPEAL THE PROPERTY VALUATION AND/OR CLASSIFICATION TO THE ASSESSOR EXPIRES JUNE 1, 2019. If, after filing an appeal with the Assessor you do not agree with the Notice of Determination (NOD), or you do not receive a NOD, you may file a written appeal with the County Board of Equalization on or before July 15, 2019. J Check here if new address PLACE STAMP HERE Post Office will not deliver without proper postage. 1li1lle1ll1l1111l1111ll'llmill'Hillim+1111111111ll+lll Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 49897 5/17/2019 1 Per Page - Listing Report Elementary: Middle/Jr.: High School: School District: Lot SqFt: 11,338 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: No Bedrooms: 5 Baths Bsmt Full 3/4 1/2 Letford Milliken Johnstown Weld Re -5j Approx. Acres: 0.26 Water: Johnstown Taxes: $1,861/2015 Zoning: Res Water Meter lnst: Yes Well Permit #: 54+res balrhi ty, Bath : 4 ! Rough Ins: 0 Lwr Ma Upr Addl Total 1 0 0 0 0 0 0 0 2 0 0 3 0 0 0 1 0 1 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level Length Width Floor M 14 11 Carpet M 11 10 Carpet M 13 12 Carpet B 18 10 Carpet B 20 11 Carpet M 9 6 Carpet M M M B U 14 11 18 17 28 9 6 18 13 12 Tile Tile Carpet Carpet Carpet RESIDENTIAL -DETACHED Locale: Johnstown Area/SubArea: 10/30 Subdivision: Country Acres 8th Fg Legal: JOH 8CA-33 L33 COUNTRY ACRES 8TH FILING IRES MLS # : 807966 PRICE: $327,000 1222 Mountview Dr, Johnstown 80534 SOLD County: Weld Total SqFt All Lvls: 2974 Basement SqFt: 1162 Total Finished SqFt: 2857 Lower Level SqFt: Finished SqFt w/o Bsmt: 1812 Main Level SqFt: 1483 Upper Level SqFt: # Garage Spaces: Garage SqFt: Built: 1998 New Const: No Builder: New Const Notes: 329 Addl Upper Lvl: 2 Garage Type: Attached 712 SqFt Source: Prior Appraisal Model: CoListing Agent: Tracie Phebus CoListing Office:C3 Real Estate Solutions, LLC Listing Comments: Come see this beautiful ranch with main floor master, large loft and finished basement. This is a rare find with 5 bedrooms, 4 baths, large lot, over -sized garage, vaulted ceilings, RV parking, appliances...too much to list! )(old Date: 01/26/2017" Sold Price: $328,000 Terms: CONVP y DOM: 49 DTO: 4 DTS: 49 Down Pmt Assist: N - t3 OM C encAnoc -� Concession Type: None car - Property Property Features *c Style: 1 Story/Ranch Construction: Wood/Frame Roof: Composition Roof Type: Contemporary/Modern Outdoor Features: Lawn Sprinkler System, Patio Location Description: Evergreen Trees, Deciduous Trees, Native Grass Fences: Wood Fence Lot Improvements: Street Paved Road Access: City Street Basement/Foundation: 90°/0+ Finished Basement Heating: Forced Air Cooling: Central Air Conditioning, Ceiling Fan Inclusions: Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Microwave Energy Features: Southern Exposure Design Features: Eat -in Kitchen, Walk-in Closet Master Bedroom/Bath: Full Master Bath Fireplaces: Gas Fireplace, Living Room Fireplace Disabled Accessibility: Main Floor Bath , Main Level Bedroom Utilities: Natural Gas, Electric, Cable TV Available Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA Exclusions - Refrigerator and freezer in Garage, washer and dryer, patio bar and swing set. Contact: Gordon Schick Phone: 303-457-4800 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457 4800 LA: Scott Phebus LO: C3 Real Estate Solutions, LLC Prepared By: Gordon Schick - May 17, 2019 7:07:05 AM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1/1 5/17/2019 1 Per Page - Listing Report Elementary: Middle/Jr.: High School: School District: Lot SqFt: 13,200 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: No Letford Milliken Johnstown Weld Re -5j Approx. Acres: 0.3 Water: Town of Johnstown Taxes: $948/2016 Zoning: SFR Water Meter Inst: Yes Well Permit #: Bedroo s: 6 Baths: 3 Rough Ins: 0 Baths Bsm Lwr Main Upr Addl Full 0 0 1 0 0 3/4 0 0 1 0 0 1 1/2 1 0 0 0 0 1 All Bedrooms Conform: No Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office M M M B B B M B M M M B B Level Length 23 14 12 10 11 20 10 16 19 7 16 20 14 Width 13 10 10 10 9 10 14 18 13 12 18 15 7 Total 1 Floor Carpet Carpet Carpet Carpet Carpet Vinyl Carpet Carpet Tile Tile Carpet Laminate Vinyl IRES MLS #: 816195 PRICE: $350,000 111 King Ave. Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 Subdivision: Country Acres Legal: JOH 3CA4-3 S2 L2 & L3 BLK4 COUNTRY ACRES 3RD FILING Total SqFt All Lvls: 3946 Basement SqFt: 1973 Total Finished SqFt: 3626 Lower Level SqFt: Finished SqFt w/o Bsmt: 1973 Main Level SqFt: 1973 U pper Level SqFt: # Garage Spaces: Garage SqFt: Built: 1971 N ew Const: No Builder: N ew Const Notes: Addl Upper Lvl: 3 Garage Type: Attached 973 SqFt Source: Other Model: Listing Comments: Spacious ranch style home to make your own. 3 bedroom 2 bath on the main level Master bath steam shower. 3 bedrooms and 1 bath in the basement with additional craft rooms, finished store room, unfinished 20x17 storage area and large rec room w / built in bar. 2 wood burning fireplaces 1 up 1 down. 400 sgft Trex deck, 33x14 patio with pergola and power awning. Oversized 3 car garage and shop. Large well kept yard with garden area. Great location. Buyer to verify schools and measurements. Sold Date: 06/02/2017_ Terms: CONY FIX Down Pmt Assist: N Concession Type: CC Points Paid/Seller: 0 Total Concession Amt: $4,500 Sold Price: $342,500 DOM: 57 DTO: 6 DTS: 57 Points Paid/Buyer: 0 Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Brick/Brick Veneer, Vinyl Siding Roof: Composition Roof Outdoor Features: Lawn Sprinkler System, Storage Buildings, Patio, Deck Location Description: Level Lot Fences: Enclosed Fenced Area Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks. Street Light, Fire Hydrant within 500 Feet Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Full Basement, 90%+ Finished Basement Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Bar Refrigerator, Clothes Washer, Clothes Dryer, Microwave, Freezer, Disposal, Smoke Alarm(s) Energy Features: Double Pane Windows Design Features: Eat -in Kitchen, Separate Dining Room, Workshop, Pantry, Walk-in Closet, Washer/Dryer Hookups, Steam Shower Master Bedroom/Bath: 3/4 Master Bath Fireplaces: 2+ Fireplaces, Living Room Fireplace, Family/Recreation Room Fireplace, Basement Fireplace Disabled Accessibility: Level Lot, Low Carpet, Main Floor Bath , Main Level Bedroom , Main Level Laundry Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional Exclusions - Gun safe and pool table Contact: Gordon Schick Phone: 303-457-4800 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Jonathan Base LO: Front Range Realty Network Prepared By: Gordon Schick - May 17, 2019 7:05:33 AM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1; 1 5/17/2019 1 Per Page - Listing Report • 4 •K_ Elementary: Middle/Jr.: High School: School District: - r Letford Milliken Roosevelt Weld Re 5j Lot SqFt: 10,454 Elec: Gas: PIN: Waterfront: No Water Rights: No HOA: No Approx. Acres: 0.24 Water: Town of Johnstown Taxes: $1,667/2017 Zoning: SF Water Meter Inst: Yes Well Permit #: Bedrooms: 3 Baths: 2 Rough Ins: 1 Baths Bsmt Lwr Main Upr Addl Total Full 0 0 1 0 0 1 3/4 0 0 1 0 0 1 1/2 0 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M M B M M M M M Length Width 15 12 16 16 12 10 13 10 15 9 22 15 7 16 Floor Laminate Laminate aim Laminate Vinyl Laminate 12 12 Laminate IRES MLS # : 846405 PRICE: $339,900 1110 Country Acres Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 Subdivision: Country Acres Legal: JOH 6CA-6 L6 COUNTRY ACRES 6TH FILING Total SqFt All Lvls: 3360 Basement SqFt: 1680 Total Finished SqFt: 1852 Lower Level SqFt: Finished SqFt w/o Bsmt: 1680 Main Level SqFt: 1680 U pper Level SqFt: Addl Upper Lvl: # Garage Spaces: 2 Garage Type: Attached Garage SqFt: 552 Built: 1996 SqFt Source: Assessor records N ew Const: No Builder: Model: N ew Const Notes: Listing Comments: No HOA! No HOA! No HOA! This captivating home features an open floor plan and a master bedroom with an attached study/sitting room! The kitchen area features new LG appliances! Bring your ideas to finish this large walk up walk out garden level basement. Enjoy summer nights out on the new southwest facing deck (composite w/ redwood rail)! Summer 2017 also brought new exterior paint, a new roof, and new central air conditioning. Sold Date Terms: CAS Down Pmt Assist: N Concession Type: None 04/25/2018 Sold Price: $339,900 DOM: 17 D O: 3 DTS: 17 (3k (Xi() Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Brick/Brick Veneer Roof: Composition Roof Outdoor Features: Lawn Sprinkler System, Deck Fences: Wood Fence Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks Road Access: City Street Road Surface At Property Line: Gravel Road Basement/Foundation: Full Basement Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Window Coverings. Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Microwave, Trash Compactor, Smoke Alarm(s) Design Features: Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floor Plan, Pantry, Walk-in Closet Master Bedroom/Bath: 5 Piece Master Bath Fireplaces: Gas Fireplace Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Mineral/Water Rights: Mineral Rights Included Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA z-ILI 'NJ( Contact: Gordon Schick Phone: 303-457-4800 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303 457 4800 LA: Kelly Calabrese LO: HomeSmart Rlty Grp of CO Prepared By: Gordon Schick - May 17, 2019 7:06:29 AM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. k..‘p t our ckppc aiSc N'g-teut, https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1:1 111' vamams,_ r•N. \Osirvr) Likced- ocir TRctoe--- UcAjos+n ` ,C1(.2(\ 5/17/2019 1 Per Page - Listing Report eteL., Scfrootsn 1/440Ln 03 Elementary: Middle/Jr.: High School: School District: Lot SqFt: 9,986 Elec: Gas: PIN: Waterfront: No Water Rights: No HOA: No Pioneer Ridge Milliken Roosevelt Weld Re -5j Approx. Acres: 0.23 Water: Town of Johnstown Taxes: $1,538/2016 Zoning: SFR Water Meter Inst: Yes Well Permit #: Bedroom : 6 Baths: 3 Rough Ins: 0 Baths Bsmt Lwr Main Upr Addl Total Full 1 0 2 0 0 3 3/4 0 0 0 0 0 0 1/2 0 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M M M B B B M B M Length Width 0 0 IMP wia Floor Carpet Carpet Carpet Carpet Carpet Carpet 0 0 Laminate 0 0 Laminate Laminate MIS IRES MLS # : 834160 PRICE: $350,000 1119 Sandra Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 S ubdivision: Country Acres Legal: JOH 9CA L7 COUNTRY ACRES 9TH Total SqFt All Lvls: 3060 Basement SqFt: 1523 Total Finished SqFt: 3060 Lower Level SqFt: Finished SqFt w/o Bsmt: 1537 Main Level SqFt: 1537 U pper Level SqFt: Addl Upper Lvl: # Garage Spaces: 2 Garage Type: Attached Garage SqFt: Built: 1999 SqFt Source: Prior Appraisal N ew Const: No Builder: Model: N ew Const Notes: Listing Comments: Better than new! Perfectly remodeled Ranch home w/ NO HOA and RV parking! High End Stainless appliances including a trash compactor, Butcher Block counter tops, built in book shelves, finished basement, large storage shed, perfectly maintained fenced yard including built in fire pit and flagstone walk Finishes include 6 beds, 3 baths, a huge pantry with plenty of storage, barn doors, new flooring and paint. This home sits on a near 10,000 sq foot lot! Designer fixtures finish off this dream home Sold Date: 11/16/2017 Terms: VA FIX Down Pmt Assist: N Concession Type: CC Points Paid/Seller: 4900 Total Concession Amt: 54.900 Sold Price: $359,900 DOM: 42 DTO: 4 DTS: 42 Points Paid/Buyer: 0 Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Wood Siding Roof: Composition Roof Outdoor Features: Storage Buildings, Patio, RV/Boat Parking Fences: Enclosed Fenced Area, Wood Fence Basement/Foundation: Full Basement, 90%+ Finished Basement Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Electric Range/Oven, Double Oven, Dishwasher, Refrigerator, Microwave, Trash Compactor, Disposal, Smoke Alarm(s) Design Features: Eat -in Kitchen, Cathedral/Vaulted Ceilings, Open Floor Plan, Pantry, Walk-in Closet, Washer/Dryer Hookups, Kitchen Island Master Bedroom/Bath: Full Master Bath, 5 Piece Master Bath Fireplaces: Gas Fireplace Disabled Accessibility: No Stairs, Main Floor Bath , Main Level Bedroom , Main Level Laundry Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA Contact: Gordon Schick Phone: 303-457-4800 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Kevin Shaw LO: Keller Williams -Preferred Rlty Prepared By: Gordon Schick - May 17, 2019 7:00:20 AM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. Coun-kt did keLQ, https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1 1 5/17/2019 1 Per Page - Listing Report • Elementary: Middle/Jr.: High School: School District: Letford Milliken Johnstown Weld Re -5j Lot SqFt: 9,975 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: No Approx. Acres: 0.23 Water: City of Johstown Taxes: $1,862/2017 Zoning: Res Water Meter lnst: Yes Well Permit #: Bedrooms: 3 Baths Full 3/4 0 1/2 0 Baths: 3 Rough Ins: 0 Bsmt Lwr Main Upr Addl 1 0 2 0 0 Total 3 0 0 0 0 0 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M M B Length Width 15 16 13 12 13 13 M 12 B 22 M 13 M 9 M 15 B 20 12 14 12 7 14 14 Floor Carpet Carpet Carpet Wood Carpet Wood Laminate Carpet Carpet IRES MLS # : 833452 PRICE: $375,000 128 Pleasant Ave, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 Subdivision: Country Acres Legal: JOH 9CA L19 Country Acres 9th Total SqFt All Lvls: 3188 Basement SqFt: 1556 Total Finished SqFt: 2880 Lower Level SqFt: Finished SqFt w/o Bsmt: 1632 Main Level SqFt: 1632 Upper Level SqFt: Addl Upper Lvl: # Garage Spaces: 3 Garage Type: Attached Garage SqFt: 700 Built: 2000 SqFt Source: Assessor records New Const: No Builder: Model: New Const Notes: Listing Comments: VIEWS!!! Gorgeous 3 beds, 3 bath, oversized 3 car, + garden levelbasemen & NO HOA! Walking in the front door is awesome - from large ent� ryo'open floor plan! Perfect kitchen -Tharp custom cabinets, island, pantry, skylight, double oven & beautiful hardwood floors. Large master has cozy window seat (to peek at the mtn views) & 5pjece ensuite. Stunning basement has warm pine walls, workshop w/larg esin air tool capabilities! Covered back patio opens to a spacious yard! RV/Boat Parking! Sold Date: 11/30/2017 Terms: CONV FIX Down Pmt Assist: N Concession Type: None Sold Price: $383,000 DOM: 64 DTO: 22 DTS: 64 6L , COD Cr Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Vinyl Siding Roof: Composition Roof Outdoor Features: Lawn Sprinkler System, Storage Buildings, Deck, RV/Boat Parking, Oversized Garage Location Description: Wooded Lot, Evergreen Trees, Level Lot, Abuts Farm Land, House/Lot Faces E, Within City Limits Fences: Enclosed Fenced Area, Wood Fence Views: Back Range/Snow Capped, Foothills View Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Full Basement, 90%+ Finished Basement, Daylight Basement Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Window Coverings, Electric Range/Oven, Self -Cleaning Oven, Double Oven, Dishwasher, Refrigerator, Microwave, Disposal, Smoke Alarm(s) Energy Features: Southern Exposure, Double Pane Windows, Set Back Thermostat Design Features: Eat -in Kitchen, Cathedral/Vaulted Ceilings, Open Floor Plan, Workshop, Pantry, Bay or Bow Window, Walk-in Closet, Washer/Dryer Hookups. Skylights, Wood Floors, Kitchen Island Master Bedroom/Bath: Full Master Bath, Luxury Features Master Bath, 5 Piece Master Bath Fireplaces: Gas Fireplace, Family/Recreation Room Fireplace Disabled Accessibility: Level Lot Utilities: Natural Gas, Electric, Cable TV Available, Satellite Avail, High Speed Avail Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: 1-3 Days after Closing Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional. FHA, VA Exclusions - Clothes washer & dryer, lockers in garage, ref in basement, work benches, metal cab in basement bed (,(X_ d� noir froce COO %1/43c UM--frevf Pr Sw ?or 5p( toLlbai - Contact: Gordon Schick Phone: 303-457-4800 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Stephanie Lane LO: RE/MAX Alliance -Loveland Prepared By: Gordon Schick - May 17, 2019 7:04:25 AM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. Cur\ cui\-b-A Umd. https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1/1 5/17/2019 1 Per Page - Listing Report Elementary: Middle/Jr.: High School: School District: Letford Milliken Roosevelt Weld Re 5j Lot SqFt: 11,458 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: No Approx. Acres: 0.26 Water: City of Johnstown Taxes: $1,811/2015 Zoning: SFR Water Meter lnst: Yes Well Permit #: Bedrooms: 6 Baths: 3 Rough Ins: 0 Baths Bsmt Lwr Main Upr Addl Full 0 0 2 0 0 3/4 1 0 0 0 0 1/2 0 0 0 e0 0 0 Total 2 1 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M M M B B B M Length Width 14 13 12 11 11 11 16 13 11 10 21 12 12 9 M 19 M 7 M 15 B 23 13 5 18 12 Floor Carpet Carpet Carpet Carpet Wood Carpet Laminate Laminate The Tile Carpet IRES MLS # : 809774 PRICE: $355,000 1124 Sandra Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 Subdivision: Country Acres Legal: JOH 9CA L35 COUNTRY ACRES 9TH Total SqFt All Lvls: 3085 Basement SqFt: 1489 Total Finished SqFt: 3085 Lower Level SqFt: Finished SqFt w/o Bsmt: 1596 Main Level SqFt: 1596 Upper Level SqFt: Addl Upper Lvl: # Garage Spaces: 3 Garage Type: Attached Garage SqFt: Built: 2000 New Const: No Builder: New Const Notes: SqFt Source: Assessor records Model: Listing Comments: Beautiful, well maintained ranch backing to open Lpace. Main level has just been professional) ted tlroughou_ t. Lovely master bath with radian ea oorin a light basement with fireplace offers pien of room to spreac to ut. Backyard oasis is private and �Y Y offers plenty of flagstone patio, firepit, bar, trees, privacy & views for your enjoyment and for entertaining. No HOA and move in ready! Sold Date: 02/10/2017 Terms: CONV FIX Down Pmt Assist: N Concession Type: CC Points Paid/Seller: 0 Total Concession Amt: $1,500 4 Sold Price: $352,500 DOM: 22 DTO: 3 DTS: 22 S \St Cre S.34.1 CDO Points PaidThigleizit a-7 Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Brick/Brick Veneer Roof: Composition Roof Type: Contemporary/Modern Outdoor Features: Lawn Sprinkler System, Patio, Deck Location Description: Wooded Lot, Deciduous Trees, Level Lot, Rolling Lot. Abuts Farm Land, Within City Limits Fences: Enclosed Fenced Area, Wood Fence, Dog Run/Kennel Views: Back Range/Snow Capped. Plains View Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Full Basement, 90%+ Finished Basement, Daylight Basement Heating: Forced Air, Radiant Heat, Humidifier Cooling: Central Air Conditioning, Ceiling Fan Inclusions: Window Coverings, Electric Range/Oven, Self -Cleaning Oven, Double Oven, Dishwasher, Refrigerator, Microwave, Jetted Bath Tub, Laundry Tub, Garage Door Opener, Disposal. Smoke Alarm(s) Energy Features: Southern Exposure, Double Pane Windows, Set Back Thermostat Design Features: Eat -in Kitchen, Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floor Plan, Stain/Natural Trim, Walk-in Closet, Washer/Dryer Hookups, Wood Floors Master Bedroom/Bath: Luxury Features Master Bath, 5 Piece Master Bath Fireplaces: 2+ Fireplaces, Gas Fireplace, Gas Logs Included. Living Room Fireplace, Family/Recreation Room Fireplace Disabled Accessibility: Level Lot. Level Drive, Low Carpet, Main Floor Bath , Main Level Bedroom , Main Level Laundry Utilities: Natural Gas, Electric, Cable TV Available, Satellite Avail, High Speed Avail Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA Contact: Gordon Schick Phone: 303-457 4800 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Lisa Wallace LO: Dimensions Realty & Management Prepared By: Gordon Schick - May 17, 2019 6:59:25 AM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. CaCexun1 ��e https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1/1 5/17/2019 • 1 Per Page - Listing Report Elementary: Middle/Jr.: High School: School District: Lot SqFt: 10,890 Elec: Gas: PIN: Waterfront: No Water Rights: No HOA: No Johnstown Milliken Roosevelt Weld Re 5j Approx. Acres: 0.25 Water: Town of Johnstown Taxes: $1,755/2017 Zoning: Res Water Meter Inst: Yes Well Permit #: Bedrooms: 3 Baths: 3 Rough Ins: 0 Baths Bsmt Lwr Main Upr Addl Total Full 0 0 2 0 0 2 3/4 1 0 0 0 0 1 1/2 0 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level Length M 15 M 12 M 12 M B M B M B 13 22 19 16 16 12 Width 13 11 11 13 15 11 12 12 11 Floor Carpet Carpet Carpet Wood Carpet Wood Tile Wood Tile IRES MLS # : 848240 PRICE: $369,900 126 Pleasant Ave, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 Subdivision: Country Acres Sub 9th Fg Legal: JOH 9CA L18 COUNTRY ACRES 9TH Total SqFt All Lvls: 2952 Basement SqFt: 1476 Total Finished SqFt: 2440 Lower Level SqFt: Finished SqFt w/o Bsmt: 1476 Main Level SqFt: 1476 Upper Level SqFt: Addl Upper Lvi: # Garage Spaces: 3 Garage Type: Attached Garage SqFt: 668 Built: 1999 SqFt Source: Assessor records New Const: No Builder: Model: New Const Notes: Listing Comments: Views Views! Beautiful ranch home in desirable area of Johnstown on .25 acres with a 3 car garage. Open floor plan and 3 beds, 2 baths on main floor.Living/dining/updated kitchen with hardwood floors. An additional non -conforming 4th bedroom/study in walk -out basement with 3/4 bath and extra living area. Radon Mitigation done. Wonderful deck, raised beds, storage shed. No HOA! No showings prior to Open House on Saturday 4/28 at 11:00. Open Houses Saturday and Sunday 11-2. Hope to see you there! Sold Date: 05/31/2018 Terms: CONV FIX Down Pmt Assist: N Concession Type: None Sold Price: $371,000 DOM: 36 DTO: 5 DTS: 36 Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Brick/Brick Veneer Roof: Composition Roof Type: Legal, Conforming Outdoor Features: Lawn Sprinkler System, Storage Buildings, Deck, Oversized Garage Location Description: House/Lot Faces E, Within City Limits Fences: Enclosed Fenced Area, Wood Fence Views: Back Range/Snow Capped Lot Improvements: Street Paved, Curbs, Sidewalks, Street Light, Fire Hydrant within 500 Feet Road Access: City Street Road Surface At Property Line: Concrete Road Basement/Foundation: 90%+ Finished Basement, Walk -out Basement, Built -In Radon Heating: Forced Air Cooling: Central Air Conditioning, Ceiling Fan Inclusions: Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Microwave, Garage Door Opener, Disposal, Smoke Alarm(s) Energy Features: Double Pane Windows, Storm Doors Design Features: Eat -in Kitchen, Separate Dining Room, CathedralNaulted Ceilings, Open Floor Plan, Pantry, Stain/Natural Trim, Walk-in Closet, Washer/Dryer Hookups, Skylights, Wood Floors Master Bedroom/Bath: 5 Piece Master Bath Utilities: Natural Gas, Electric, Cable TV Available, Satellite Avail, High Speed Avail Water/Sewer: City Water, City Sewer Mineral/Water Rights: Mineral Rights Included Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA. VA, USDA Exclusions - Personal Property Contact: Gordon Schick Phone: 303-457-4800 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Twin Peaks Homes Group LO: Keller Williams 1st Realty Prepared By: Gordon Schick - May 17, 2019 7:03:44 AM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. ant\ https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1/1 Kyler Knudsen Uniform Residential Appraisal Report Kyler Knudsen Flle# 17-04-006N 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 State CO Zip Code County Weld Property Address 1123 Country Acres Dr City Johnstown Borrower Dan Rohleder Owner of Public Record Daniel G & Jody L Rohleder Legal Descnphon JOH 8CA-7 L7 COUNTRY ACRES 8TH FILING Assessor's Parcel # 105908210007 Tax Year 2016 Neighborhood Name COUNTRY ACRES Map Reference 24540 Occupant X Owner ❑ Tenant ❑ Vacant Special Assessments $ 0 ❑ PUD Property Rights Appraised gj Fee Simple ❑ Leasehold ❑ Other (descnhe) Assignment Type ❑ Purchase Transaction N Refinance Transaction ❑ Other (descnbe) Lender/Client Century Lending Address 9931 Corporate Campus Drive Suite #1200, Louisville, KY 40223 Is the subject property currently offered for sale or has d been offered for sale In the twelve months prior to the effechve date of this appraisal? ❑ Yes ® No Report data source(s) used, offering price(s), and date(s) IRES MLS Subject has not been listed in the last 12 months 80534 R E Taxes $ 1,875 Census Tract 0021 02 HOA $ 0 ❑ per year ❑ per month 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 Contract Pnce $ Date of Contract Is the property seller the owner of public record? ❑ Yes ❑ No Data Source(s) Is there any financial assistance Oran charges, sale concessions, gift or downpayment assistance, etc ) to be paid by any party on behalf of the borrower? If Yes, report the total dollar amount and descnbe the items to be paid ❑ Yes ❑ No Note Race and the racial composition of the neighborhood are not appraisal factors ' > ' "NeighborhoodCharacterletics _ - One-Und Housing Trends - - ` One-Und Housing Present Land Use% , Location ❑ Urban ® Suburban ❑ Rural Property Values ® Increasing ❑ Stable ❑ Declining PRICE AGE One -Unit 50 % c Built Up ❑ Over 75% ® 25 75% ElUnder 25% Demand/Supply® Shortage ❑ In Balance ❑ Over Supply $ (000) (yrs) 2 4 Unit 5% o Growth ❑ Rapid ® Stable CISlow Marketing Time ® Under 3 mths ❑ 3 6 mths ❑ Over 6 mths 94 Low 2 Multi Family 5% E Neighborhood Boundanes The subiect neighborhood is bounded on the North by CR 50, on the East by S 456 High 114 Commercial 10 % °o Pansh Ave, on the South by CR 46 and on the West by CR 13 271 ['red 20 Other 30 % Neighbothood Descnpton The subiect is located in Fort Collins The neighborhood offers good access to area schools, shopping, employment and surrounding Northern Colorado communities The neighborhood also offers good access to recreation activities located around the subject or in the foothills of Lanmer County Market Conditions (including support for the above conclusions) See attached addenda Dimensions See attached plat map Area 12418 sf Shape Irregular Specific Zoning Classification SF -2 Zoning Description Single Family Zoning Compliance Legal ❑ Legal Nonconforming (Grandfatherod Use) ❑ No Zoning ❑ Illegal (descnbe) Is the highest and best use of subject properly as improved (or as proposed per plans and specifications) the present use? View N,Res, ® Yes D No If No, descnbe U67diea Public Other(deacnbe) Public Other (descnbe) Off-sdelmprovements -Type Electricity ® ❑ Water ® ❑ Street Asphalt Gas X ❑ Sanitary Sewer ® ❑ Alley None FEMA Special Flood Hazard Area ❑ Yes ® No FEMA Flood Zone X FEMA Map # 08069C141 OF Are the utilities and off -site improvements typical for the market area? ® Yes ❑ No O No, descnbe Are there any adverse sae conditions or external factors (easements, encroachments, environmental condition, land uses, etc )? Public Prorate ® ❑ ❑ ❑ FEMA Map Date 12/19/2006 ❑ Yes ® No If Yes, descnbe General Description' ' - > > ' ri'4Foundaboo' 'r ; u' rr,_- ExteriorDeaerfption -, ' materials/condition Interior < _ Ymatenate/condrdon Units ® One ❑ One with Accessory Unit ❑ Concrete Slab ❑ Crawl Space Foundation Walls Concrete/Avg Floors LmWd/Tle/Crpt/Avq Walls PntdTxtdDw/Avg Tnm/Finish PntdHW/Avg # of Stones 1 X Full Basement ❑ Partial Basement Extenor Walls HB/Bnck/Avq Type ® Oat ❑ Att. ❑ S Oet/End Unit Basement Area 1,664 sgft. Roof Surface AsphltShrngl/Avg Basting ❑ Proposed ❑ Under Coast Basement Finish 90 % Gutters & Downspouts SteelPainted/Avg Bath Floor Tile/Avg Design (Style) 1 Story Ranch ❑ Outside Entry/Ent ❑ Sump Pump Window Type Vinyl/Avg Bath Wainscot Trle/FbrglsAvg Year Built 1998 Evidence of ❑ infestation Storm Sash/Insulated DoublePaned/Avg Car Storage ❑ None Effective Age (Yrs) 10 ❑ Dampness ❑ Settlement Screens Yes/Avg X Driveway # of Cars 3 Attic (1 None Heating X FWA (❑ HWBB IU Radiant Amenities X Woodstove(s) # 1 Driveway Surface Concrete ❑ Drop Stair ❑ Stairs ❑ Other l Fuel Gas ❑ Fireplace(s) # 0 ® Fence Rear Yd X Garage # of Cars 3 ❑ Floor ® Scuttle Cooling ® Central Alr Conditioning ® Patio/Deck Deck i 4 Porch Concrete ❑ Carport # of Cars 0 .F ❑ Finished ❑ Heated ❑ Individual ID Other ❑ Pool None ❑ Other None Att. ❑ Det ❑ Built in antes ® ReMgerator Range/Oven ® Dishwasher ® Disposal ® Microwave ® Washer/Dryer ❑ Other (describe) Finished area above grade contains 7 Rooms 4 Bedmoms 2 0 Bath(s) ( ) 1,710 Square Feet of Gross Living Area Above Grade Additional features (special energy efficient Items, etc ) The subiect enioys a pnvate patio Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc ) C4,Kdchen-updatedone to five years ago,Bathrooms-updatedone to five years ago,The kitchen has newer laminate tile look floonng, and laminate wood in the living room Master bath has been updated with tile floonng and shower The subiect property is In average condition with no physical, functional or external inadequacies noted at the time of inspection Are there any physical deficiencies or adverse conditions that affect the livability, soundness, ar structural integrity of the property? ❑ Yes $I No If Yes, descnbe Utilities appear to be on and functional at the time of inspection The mechanical and structural systems are assumed adequate and functional Does the properly generally conform to the neighborhood (functional utility, style, condition, use construction, etc )? gJ Yes ❑ No If No descnbe 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 ALAMODE Uniform Residential Appraisal Report Kyler Knudsen Ale # 17-04-006N There are 3 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 296,500 to $ 369,900 • There are 52 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ 240,500 to $ 355,000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 1123 Country Acres Dr Johnstown, CO 80534 1124 Johnstown, Sandra Dr CO 80534 1222 Mountview Dr Johnstown, CO 80534 127 Pleasant Ave Johnstown, CO 80534 Proximity to Subject 0.13 miles S 0.13 miles NW 0.11 miles SW�_ Sale Price $ $ 352,500 $ 328,000 $ 335 000 Sale Price/Gross Liv. Area $ sq.ft $ 220.86 sq.ft. ( It - - $ 181.02 sq: L $ 215.99 sq.ft. Data Source(s) IRES#809774;DOM 22 IRES#807966;DOM 49 IRES#804588;DOM 39 Verification Source(s) gent/Broker/MLS/Pub Rec AgentBroker/MLS/Pub Rec Agent/Broker/MLS/Pub Rec VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRPTION +(-) $ Adjustment DESCRFTION +(-) $ Adjustment Sales or Financing Concessions ArmLth Conv;1500 -1,500 ArmLth Conv;0 ArmLth Conv;0 Date of Sale/Time s02/17•c01/17 s01/17.c12/18 s11/16;c10/16 +16,683 Loci _ N;Res; N;Res; N;Res; N;Res; Leasehold r-ee Simple Fee Simple Fee Simple j Fee Simple _ Fee Simple Site - 12418 sf 11458 sf 0 11338 sf � 0 12311 sf 0 View N;Res; B;OpnSpc; -5,000 N;Res; N;Res; Design (Style) DT1;Ranch DT1;Ranch DT1;Ranch DT1;Ranch Quality of Construction Q4 Q4 Q4 Q4 Actual Age - 19 17 0 19 17 0 Condition _ C4 C4 C4 C4 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total i Bdrms. Baths Total Bdrms. Baths Room Count 7 4 2.0 7 3 2.0 0 8 3 2.1 -2,500 7 L 3'2.0 0 Gross Living Area 1710 sq.ft. 1,596 soft• +6,840 1,812 soft. -6,120 1,551 soft. +9,540 Basement & Finished Rooms Bebw Grade 1664sf1498sfin 1 rrObrl .Obaoo 1489sf1489sfin 1 rr3br1.0baOo +2,100 0 1162sf1162sfin 1 rr2br1.0ba0o I I +6,024 +7,000 1536sf1152sfin 1 rr2brl f .0baOo +1,536 +7,500 Functional Utility Average Average Average Average _ _ a Heating/Cooling GFA/AC GFA;RadHt/AC 0 GFA/AC GFA/AC o Energy Efficient Items Standard Standard Standard Standard n_ Garage/Carport 3ga3dw 3ga3dw 2ga2dw j +8,000 3g.a3dw 4 Porch/Patio/Deck Patio/Deck SupPtio/Deck -5,000 Porch/SupPatio -3,000 Porch/SupPatio -3,000 0 Fireplace 1FP/1PIItStove 1 Fireplace I +500 1 Fireplace +500 1_ Fireplace +500 a Landscaping Avg/Spkr Avg/Spkr Avq/Spkr Avg/Spkr a. Additional Features Several_Upgds _ Superior Upgds -10,000 Superior Upgds -15,000 Superior Upgds -10,000 - o Net Adjustment (Total) ❑ + ► i - $ -12,060 I ' + X - $ -5,096 X + ❑ - $ 22,759 v, Adjusted Sale Price a of Comparables _ Net Adj. 3.4 % Gross Adj. 8.8 % $ 340,440, Net Adj. Gross Adj. 1.6 % 14.7 % ' $ 322, 904 Net Adj. Gross 6.8 % Adj. 14.6% $ 3571759 I X did , did not research the sale or transfer history of the subject property and comp" le sales. If not, explain SA q ALW2!1_ My research did ►_j did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data Source(s) Regional MLS system and various county sales databases My research ❑ did X did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale. Data Source(s) Regional MLS system and various county records databases. Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale/Transfer 11/22/2016 Price of Prior Sale/Transfer _ $335,000 Data Source(s) Public Records -Realtor i Public Records -Realtor Public Records -Realtor Public Records -Realtor Effective Date of Data Source(s) 04/12/2017 : 04/12/2017 04/12/2017 04/12/2017 Analysis of prior sale or transfer history of the subject property and comparable sales All sales appear to be arms -length, market transactions and reflect market�rices at the time of sale. Comparable 3 shows a Warranty Deed recorded on the same day the property sold to the current owner, the MLS comments state that this was a relocation sale. Summary of Sales Comparison Approach The selected sales offer the most recent comparable sales reflective of the subject's appeal in the current market. Most of the comparables are within a short distance of the subject. Comparables used were sold within the past 12 months, which reflects current market pricing levels. We attempted to find home sales similar in location, site size, home style, views, room count, floorplan, similar construction quality, age, and overall property appeal that compared most comprehensively to the subject. Reconciliation leans towards Comparable 1 for its GLA, location, recent sale date, and lower gross adjustments and comparable 2 for its location, recent sale date, and GLA. Adjusted comparables range from $322,904 to $357,759 and reconcile towards $340,000. Indicated Value oy Sales Comparison Approach $ 340 000 Indicated Value by: Sales Comparison Approach $ 340,000 Cost Approach (if developed) $ Income Approach (if developed) $ See attached addenda z O g 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 z completed, subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or j, subject to the u following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair The report is made "as is" and 1 maintains that no hidden issues exist within the home or subsurface that would negatively impact thesubject's market value. Based on a complete visual in Ion conditions, and appraiser's ce cation, $ 340,000 , as of 04/12/2017 of the Interior and exterior my (our) opinion of the market , which is areas of the subject value, as the date of inspection defined, property, of and defined scope of the real property that the effective date of work, is the this appraisal. statement subject of assumptions and limiting of this report is 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 7/3/2019 1 Per Page - Listing Report u1e hkJ2 txd ma-� 4 Baths -Full 3/4 1/2 Elementary: Middle/Jr.: High School: School District: Letford Milliken Roosevelt Weld Re -5j Lot SqFt: 11,458 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: No Approx. Acres: 0.26 Water: City of Johnstown Taxes: $1,811/2015 Zoning: SFR Water Meter lnst: Yes Well Permit #: Bedrooms: 6 Baths: 3 Rough Ins: 0 Lwr Main Upr Addl Total 0 2 0 0 0 0 0 0 0 0 Bsmt 0 1 0 0 0 2 1 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M M M B B B M Length Width 14 13 12 11 11 11 16 13 11 10 21 12 12 9 M 19 M 7 M 15 B 23 13 5 18 12 Floor Carpet Carpet Carpet Carpet Wood Carpet Laminate Laminate Tile Tile Carpet Locale: Johnstown Area/SubArea: 10/30 S ubdivision: Country Acres Legal: JOH 9CA L35 COUNTRY ACRES 9TH IRES MLS # : 809774 PRICE: $355,000 1124 Sandra Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD County: Weld Total SqFt All Lvls: 3085 Basement SqFt: 1489 Total Finished SqFt: 3085 Lower Level SqFt: Finished SqFt w/o Bsmt: 1596 Main Level SqFt: 1596 U pper Level SqFt: Addl Upper Lvl: # Garage Spaces: 3 Garage Type: Attached Garage SqFt: Built: 2000 SqFt Source: Assessor records N ew Const: No Builder: Model: N ew Const Notes: Listing Comments: Beautiful, well maintained ranch backing to open space. Main level has just been professionally painted throughout. Lovely 5 pc master bath with radiant heat flooring. Daylight basement with fireplace offers plenty of room to spread out. Backyard oasis is private and offers plenty of flagstone patio, firepit, bar, trees, privacy & views for your enjoyment and for entertaining. No HOA and move in ready! Sold Date: 02/10/2017 Terms: CONV FIX Down Pmt Assist: N Concession Type: CC Points Paid/Seller: 0 Total Concession Amt: $1,500 Sold Price: $352,500 DOM: 22 DTO: 3 DTS: 22 Points Paid/Buyer: 0 Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Brick/Brick Veneer Roof: Composition Roof Type: Contemporary/Modern Outdoor Features: Lawn Sprinkler System, Patio, Deck Location Description: Wooded Lot, Deciduous Trees, Level Lot, Rolling Lot, Abuts Farm Land, Within City Limits Fences: Enclosed Fenced Area, Wood Fence, Dog Run/Kennel Views: Back Range/Snow Capped. Plains View Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Full Basement, 90%+ Finished Basement, Daylight Basement Heating: Forced Air, Radiant Heat, Humidifier Cooling: Central Air Conditioning, Ceiling Fan Inclusions: Window Coverings, Electric Range/Oven, Self -Cleaning Oven, Double Oven, Dishwasher, Refrigerator, Microwave, Jetted Bath Tub, Laundry Tub, Garage Door Opener, Disposal, Smoke Alarm(s) Energy Features: Southern Exposure, Double Pane Windows, Set Back Thermostat Design Features: Eat -in Kitchen, Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floor Plan, Stain/Natural Trim, Walk-in Closet, Washer/Dryer Hookups, Wood Floors Master Bedroom/Bath: Luxury Features Master Bath, 5 Piece Master Bath Fireplaces: 2+ Fireplaces, Gas Fireplace, Gas Logs Included, Living Room Fireplace, Family/Recreation Room Fireplace Disabled Accessibility: Level Lot, Level Drive, Low Carpet, Main Floor Bath , Main Level Bedroom , Main Level Laundry Utilities: Natural Gas, Electric, Cable TV Available, Satellite Avail, High Speed Avail Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA. VA t)eck two hz)JE Contact: Teresa Vendegnia Phone: 303-548-7496 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Lisa Wallace LO: Dimensions Realty & Management Prepared By: Teresa Vendegnia - Jul 3, 2019 12:52:18 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. r, , Dp c ( so -W (A3 lJ https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 3 5 Uniform Residential Appraisal Report Kyler Knudsen File # 17-04-006 PURPOSE AND INTENDED USE OF THE APPRAISAL -\ The purpose and intended use of this appraisal report is to estimate the "market value" of the subject property as defined in the limiting conditions made a part of this report by addendum for a Federally related mortgage loan purposes This credible appraisal report is intended for the use by the indicated lender/client (and/or assigns) for a federally related mortgage transaction only The report is not intended for any other use SCOPE OF THE APPRAISAL This report was made to assist in a Federally Relate Transaction and completed in accordance with Standard Rule 2 2 of the Uniform Standards of Professional Appraisal Practice is a credible appraisal report and the result of a complete appraisal analysis The appraiser performed an intenor and extenor examination of the subject property and examined the comparable sales from the street Data used in this opinion of value came from the MLS, public records, appraisal database, owner input, area real estate professionals, and the appraiser's general knowledge of the Northern Colorado real estate market GRAMM-LEACH-BLILEY ACT In compliance with the Gramm -Leach -Bliley Act (GLBA), the appraiser does not disclose any non-public personal Information about the F: borrower(s) with anyone for any purpose that is not specifically permitted by law The appraiser restncts access to non-public personal information about the borrower(s) to those employees who need to know that information in order to provide products and services to you The appraiser maintains physical, electronic, and procedural safeguards that comply with federal regulations to guard the borrower(s) non-public u' personal information (if any) -:1 . DIGITAL SIGNATURE This appraisal report contains digital signatures that meet the requirement of Statement on Appraisal Standard No 8 (SMT-8) The software : programs used to transfer the report electronically provide digital signature security features for the appraiser signing the report The appraiser that has signed (affixed by electronic signature) this report has ensured that the electronic signature is protected and the appraiser has maintained control of the signature per SMT-8 of the Uniform Standards of Professional Appraisal Practice Electronically affixing a signature to a report cames the same level of authenticity and responsibility as an onginal ink signature on a paper copy report *Marketing time for the subject is estimated to be 40 days or less in this currently active market if marketed professionally at the provided market value opinion *Exposure time Is believed to be 40 days or less based on recent comparable sales ranging from 6 to 49 days I have performed no (or the specified) services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period *The appraisal fee for this report is $750 - - ' ` COST APPROACH TO VALUE (not required by Fannie Mae) Provide adequate information for the lender/dent to replicate the below cost figures and calculations Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) ESTIMATED ❑ REPRODUCTION OR ❑ REPLACEMENT COST NEW OPINION OF SITE VALUE _ =$ ;. Source of cost data DWELUNG Sq FL @ $ =$ rating from cost service Effective date of cost data Sq Ft. @ $ =$ tQuality Comments on Cost Approach (gross living area calculations, depreciation etc) _$ Garage/Carport Sq FL @ $ _$ Total Estimate of Cost New =$ Less Physical Functional External Depreclabon =$( ) Depreciated Cost of Improvements =$ °As Is° Value of Site Improvements - - =$ Estimated Remaining Economic Life (HUD and VA only) 50 Years INDICATED VALUE BY COST APPROACH =$ _ ', INCOME APPROACH TO VALUE (not relulredbyFannie Mae) -r ;L„ _ � rP,. Estimated Monthly Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income Approach Summary of Income Approach (including support for market mid and GRM) , \ PROJECT INFORMATION FOR PUOs (if applicable) ', 7 " _ ` _ { ' Is the developer/builder in control of the Homeowners' Association (HOA)? ❑ Yes ❑ No Unit type(s) ❑ Detached ❑ Attached Provide the following information for PUDs ONLY if the developer/builder Is in control of the HOA and the subject property is an attached dwelling unit. Legal Name of Project z Total number of phases Total number of undo Total number of units sold p Total number of units rented Total number of units for sale Data source(s) Was the project created by the conversion of wasting building(s) Into a PUD? ❑ Yes ❑ No It Yes, date of conversion ., Does the project contain any multi dwelling undo? ❑ Yes ❑ No Data Source Are the units, common elements, and recreation facilities complete? ❑ Yes ❑ No If No, descnbe the status of completion Are the common elements leased to or by the Homeowners' Association, ❑ Yes E No U Yes, descnbe the rental terms and options 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 Kyler Knudsen Flle# 17-04-006N This report form is designed to report an appraisal of a one -unit property or a one -unit property with an accessory unit, including a unit in a planned unit development (PUD) This report form is not designed to report an appraisal of a manufactured home or a unit In a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment Modifications or deletions to the certifications are also not permitted However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership In an appraisal organization, are permitted SCOPE OF WORK The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, Including the following definition of market value, statement of assumptions and limiting conditions, and certifications The appraiser must, at a minimum (1) perform a complete visual inspection of the intenor and extenor areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or pnvate 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 pnce which a property should bnng 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 compansons 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 dunng 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, detenoration, the presence of hazardous wastes, toxic substances, etc) observed during the inspection of the subject property or that he or she became aware of dunng the research involved in performing the appraisal Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, 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 -'T0TAL° appraisal software by a la mode, ins -1 800-ALAM0DE Uniform Residential Appraisal Report Kyler Knudsen File# 17-04-006N 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 intenor 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 companson 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, venfied, analyzed, and reported on any current agreement for sale for the subject property, any offenng for sale of the subject property in the twelve months pnor 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, venfied, 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 expenence 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, detenoration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc) observed dunng 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, mantel status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law 18 My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application) 19 I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report If I relied on significant real property appraisal assistance from any Individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report I certify that any individual so named is qualified to perform the tasks I have not authorized anyone to make a change to any 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 Farm 1004UAD -'TOTAL' appraisal software by a la mode, inc -1-800 ALAMODE Uniform Residential Appraisal Report Kyler Knudsen File# 17-04-006N 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 enterpnses, 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 distnbution 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 enterpnses, 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 wntten 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 onginal hand wntten signature APPRAISER Signature Name KylerKnud--n,'Al Company Name DR Real Estate Advisors Company Address P 0 Box 99 Telephone Number Email Address kyler@drmrealestate corn Date of Signature and Report 04/17/2017 Effective Date of Appraisal 04/12/2017 State Certification # CG40015863 or State License # or Other (describe) State CO Expiration Date of Certification or License 12/31/2018 Windsor , CO 80550 (970) 674-1313 State # ADDRESS OF PROPERTY APPRAISED 1123 Country Acres Dr Johnstown, CO 80534 APPRAISED VALUE OF SUBJECT PROPERTY $ 340,000 LENDER/CLIENT Name No AMC Company Name Century Lending Company Address 9931 Corporate Campus Dnve Suite #1200, Louisville, KY 40223 Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY ❑ Did not inspect subject property ❑ Did inspect extenor of subject property from street Date of Inspection ❑ Did inspect Intenor and extenor of subject property Date of Inspection COMPARABLE SALES ❑ Did not inspect extenor 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 made, inc -1-800 ALAMODE Kyler Knudsen Uniform Residential Appraisal Report FlIe# 17-04-006 FEATURE I SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 Address 1123 Country Acres Dr Johnstown, CO 80534 1126 Country Acres Dr Johnstown, CO 80534 111 King Ave Johnstown, CO 80534 Prosmity to Subject 0 05 miles NW 0 17 miles E Sale Price $ $ 355,000 , ' ' $ 350.000 $ Sale Price/Gross Uv Area $ sq ft. $ 194 84 sq fl ` $ 177 39 sq ft. ` ` _ r $ sq ft Data Source(s) IRES#790381.DOM 15 IRES#816195,DOM 6 Verification Source(s) Agent/Broker/MLS/Pub Rec Acient/Broker/MLS/Pub Rec VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +0 $ Adjustment DESCRIPTION +(-) S Adjustment DESCRIPTION +0 $ Adjustment Sales or Financing Concessions `- �" -° '_ ArmLth Conv,O Listing Date of Sale/Time ' _ 506/16,c05116 +32,412 Active Location N,Res, N,Res, N,Res. Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple r; Site 12418 sf 12060 sf 0 13200 sf 0 View N,Res, N,Res, N,Res, Design (Style) DT1,Ranch DT1,Ranch DT1,Ranch ; Duality of Construction Q4 Q4 Q4 Actual Age 19 19 46 +6,750 Condition C4 C4 C4 ' Above Grade Room Count Gmss Living Area Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdmns Baths 7 4 2 0 4 1 2 0 +5,000 7 3 2 0 0 1,710 sq ft 1,822 sq ft -6,720 1,973 s9 ft. -15,780 sq ft Basement & Finished Rooms Below Grade 1664sf1498sfin 1rrObrlObaOo 1797sf1797sfin 0rr3br1 0ba0o -1,596 -6,5002rr3br01ba10 1973sf1653sfin -3,708 -3,500 Functional Utility Average Average Average Heating/Cooling GFA/AC GFA/AC GFA/AC Energy Efficient hems Standard Standard Standard Garage/Carport 3qa3dw 3qa3dw 3qa3dw Porch/Pato/Deck Patio/Deck Porch/SupDeck -10,000 Patio/SupDeck -2,500 Fireplace 1 FP/1 PIItStove 2 Fireplace -1,500 2 Fireplace -1,500 Landscaping Avg/Spkr Avg/Spkr Avq/Spkr Addrhonal Features Several Upgds Supenor Upgds -25,000 Infenor Upgds +10.000 Net Adjustment (Total) '" &' = ❑ + X - $ -13,904 ❑ + X $ -10,238 ❑ + ❑ - $ Adjusted Sale Price of Comparables ' -"° `, — r Net Ad) 3 9 % Grass Adj 250% $ 341,096 Net Adj 29 % Gross Adj 125 % $ 339,762 Net Adj % Gross Adj % $ Report the results of the research and analysis of the poor 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 Pnar Sale/Transfer Pnce of Prior Sale/Transfer ;' Data Source(s) Public Records -Realtor Public Records -Realtor Public Records -Realtor Effective Date of Data Source(s) 04/12/2017 04/12/2017 04/12/2017 Analysis of poor sale or transfer history of the subject property and comparable sales Analysis/Comments N 2 Freddie Mac Form 70 March 2005 UAD Version 9/2011 Fannie Mae Form 1004 March 2005 Form 1004UA0 (AC) -'TOTAL° appraisal software by a la mode, Inc -1-800 ALAMODE Subject Photo Page Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City _ Johnstown Count► Weld State CO ZIP Cade 80534 Lender Century Lending Subject Front 1123 Country Acres Dr Sales Price Gross Living Area 1,710 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 2.0 Location N;Res; View N;Res; Site 12418 sf Quality Q4 Age 19 Subject Rear Subject Street Form PICPIX.SR - 'TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photo Page Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown Lender Century Lending County Weld State CO Zip Code 80534 Subject East Side 1123 Country Acres Dr Sales Price Gross Living Area 1,710 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 2.0 Locator N;Res; View N;Res; Site 12418 sf Quality Q4 Age 19 Subject West Side Subject Street North Form PICPIX.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Interior Photos Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown Lender Century Lending County Weld State CO zip Code 80534 Kitchen Dining Room Living Room Garage Smoke Detector Bedroom Bedroom Bedroom Bathroom Master Bedroom Master Bathroom Utility Basement Rec room Basement Rec Room Form PICINT15 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAM0DE Interior Photos Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State CO DR Code 80534 Lender Century Lending Laundry Basement Room/No Closet Basement Bathroom Basement Storage Carbon Monoxide Detector 10X12 Shed Form PICINT15 - 'TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page Borrower/Client Property Address City _ Lender Dan Rohleder 1123 Country Acres Dr Johnstown Century Lending County Weld _ State CO L_p Code 80534 Comparable 1 1124 Sandra Dr Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 0.13 miles S 352,500 1,596 7 3 2.0 N;Res; B;OpnSpc; 11458 sf Q4 17 Comparable 2 1222 Mountview Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Dr 0.13 miles NW 328,000 1,812 8 3 2.1 N;Res; N;Res; 11338 sf Q4 19 Comparable3 127 Pleasant Ave Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 0.11 miles SW 335,000 1,551 7 3 2.0 N;Res; N;Res; 12311 sf Q4 17 Form PICPIX.CR - "TOTAL" appraisal software by a la mode. inc. - 1-800-ALAMODE Comparable Photo Page Borrower/Client Dan Rohleder Property_Address 1123 Country Acres Dr City Johnstown COUMY Weld _ _ State_ CO Zip Code 80534 Lender Century Lending Comparable 4 1126 Country Acres Dr Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 0.05 miles NW 355,000 1,822 4 1 2.0 N;Res; N;Res; 12060 sf Q4 19 Comparable 5 111 King Ave Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 0.17 miles E 350,000 1,973 7 3 2.0 N;Res; N; Res; 13200 sf Q4 46 Comparable 6 Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Locator View Site Quality Age Form PICPIX.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Salipmgtetenita9 Addendum File No 17-04-006N Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld Slate Co Zp Code 60534 Lender Century Lending ° URAR Neighborhood - Market Conditions The current national economy is in a full recovery from the recent great recession The Fed -Funds rate increased in November 2016 and is anticipated to mcrease several times through 2017 Current lending is fairly robust with rates staying close to historical lows Recent job reports reveal improvement to the nation economy with Northern Colorado staying well ahead of the national curve with the local unemployment rate bouncing around 3 5% Residential markets throughout Northern Colorado contmue to have difficulty in keeping pace with demand and median pnces have increased by double digits over the past 12 to 18 months in several communities Some concerns that could slow growth and cool the overheated market are the loss of oil and gas jobs, slowing of construction and some international trade issues that may hamper exports The area is accessible to commuters via CO 56, which will allow quick access to Northern Colorado communities as well as connecting with Interstate 25 which provides easy access to the Denver Metro area Currently, the area is attractive to median income families Homes vary in size, construction, quality, lot size, views, and distance to amenities and employers Employment stability is considered good as residents in this area commute to surrounding communities Expansion of several large local employers will help boost employment in the region Currently property values for this sector are considered to be appreciating somewhat aggressively and considerable adjustments for time depending on date of sale Typical financing is CNV, VA, and FHA in the are a of 3 98° , with a seller paying minimal to no points Typical DOM for area is around 36 and ASP to ALP is approx 100% URAR Sales Comparison Analysis - Summary of Sales Companson Approach The selected sales offer the most recent comparable sales reflective of the subject's appeal in the current market All sales closed within the last twelve months which reflects current market pricing levels I attempted to find home sales similar in home style, site size/view, room count, floor plan, age, and overall property appeal that compared to the subject most comprehensively Comparable 1 is a ranch style home that was selected for its similar GLA, lot size, age, sale date, basement, and three car garage Adjustments were made for less GLA, smaller basement, no pellet stove, a superior patio with flagstone and stamped concrete patio with a fire pit Additionally this property backs to private open space, and has superior upgrades including tile in the living room, and a larger master bath with tile Comparable 2 is a ranch style home that was selected for its similar GLA, lot size, recent sale date, age, basement, and two car garage Adjustments were made for one additional half bath, additional GLA, no pellet stove, smaller basement, one less garage stall, a superior patio with a bar and a second outdoor seating area constructed out of concrete pavers Comparable 3 is a ranch style home that was selected for its similar GLA, lot size, basement, and three car garage Adjustments were made for an older date of sale, less GLA, smaller basement, no pellet stove, a superior stone and concrete patio, and superior upgrades Superior upgrades include quartz countertops and stainless steel appliances m the kitchen and a larger master bath Comparable 4 is a ranch style home that was selected for its similar GLA, lot size, close proximity to the subject , age, basement, and three car garage Adjustments were made for an older date of sale, 1 additional fireplace and no pellet stove, only one bedroom above grade which equates to some level of functional obsolescence, additional finished basement space, superior deck with brick supports and Trek decking This property also has one additional fireplace and no pellet stove This property also has supenor upgrades with built in cabinets and shelving, tile floors, high ceilings, upgraded cabinets and solid surface countertops Comparable 5 is a ranch style home that is currently an active listing This property was selected for its similar GLA, lot size, location, basement, and three car garage Adjustments were made for the older age, additional GLA, larger basement, superior deck, one additional fireplace, no pellet stove, and inferior upgrades Inferior upgrades include dated finishes throughout the home including cabinets, kitchen appliances, tile and other fixtures The property value is above the predominate value for the neighborhood, but this in not a concern as the value is in Ime with other properties in the same development Most applied adjustments are within mortgage market guidelines of 10% line/15% net and 25% gross adjustments Thus, the subject's value is thought to offer good support for it's probable price m this market Comparable sales 3 and 4 are over 6 months old, but were included because of their close proximity to they subject, with similar design features and within the same development The adjustment based on a 10% increase in values over the past 12 months Please see the attached graph on the following page This shows an increase from January 2016 to January 2017 of around 12%, but we went with a more conservative 10% as data ranges from 8% to 12% **Present Land Use % Other represents surrounding open space and farmland Note Nathan Kunple provided assistance in this report regarding neighborhood analysis, subject and comp data research and analysis, interior/extenor property inspection, sales comparison and other appropriate valuation approaches and reconciliation Comments Regarding the Appraisal Observation Process Form TADD -'T0TAL° appraisal software by a la mode, ins 1-800 ALAM0DE Sunalemental Addendum File No Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State CO Zip Code 80534 Lender Century Lending This appraisal is not a home inspection and the appraiser is not acting as a home Inspector when preparing the report The borrower has the right to have the home inspected by a professional home inspector and/or building contractor When performing the observation of this property, the appraiser visually observed areas that were readily accessible The appraiser is not required to disturb or move anything that obstructs access or visibility The appraisal observation does not offer warranties or guarantees of any kind The appraiser does not offer warranties on the condition of the furnace, wiring, roof shingles, plumbing, water heater, or any other mechamcals or items hidden within walls or under floors • URAR Reconciliation - Reconciliation and Final Value Conclusion The Sales Comparison Approach to value is considered to be the most reliable indicator of the subject property's market value and is given full consideration Due to the similar nature of the comparable properties in the Country Acres neighborhood, the analyzed sales provide the best representation of the current market's reactions to similar type properties The Cost Approach is not considered applicable due to the age of the subject and difficulty in estabhshing a reliable figure for accrued depreciation, so no weight is given to this approach The Income Approach typically has merit when some income is generated from the property's lease or rental, but in this case has been omitted as the neighborhood is primarily owner -occupied, with high owner satisfaction In reconciling all three approaches to value the Sales Comparison Approach is deemed to produce the most credible results Form TADD -'TOTAL' appraisal software by a la mode, inc -1 800 ALAMODE Kyler Knudsen Market Conditions Addendum to the Appraisal Report FlIe No 17-04-006N 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 Thls is a required addendum for all appraisal reports with an effective date an or after Apnl 1, 2009 Property Address Borrower Dan Rohleder Instructions The appraiser must use the information required on this farm 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 0 is recognized that not all data sources will be able to provide data for the shaded areas below, d 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 InventoryAnalyala Total # of Comparable Sales (Settled) Absorption Rate (Total Sales/Months) Total # of Comparable Active Listings Months of Housing Supply (Total Listlngs/Ab Rate) Median Welk List Price, DOM, Sale/List % Median Comparable Sale Pnce Median Comparable Sales Days on Market Median Comparable List Pnce Median Comparable Listings Days on Market Median Sale Pace as % of List Pdce Seller (developer builder, etc )pald financial assistance prevalent? ❑ Yes x_i No ❑ Declining XI Stable Explain in detail the seller concessions trends for the past 12 months (e g seller contnbutons Increased from 3% to 5%, increasing use of buydowns, closing costs, condo fees, options, etc ) The IRES MLS indicates there were 52 closed sales dunng the past 12 months and 12 of those sales contained seller concessions which is 23% of the total transactions in this market area Pnor Months 7-12 27 Sales, 8 with concessions, 30% of sales for this penod 4-6 15 Sales 3 with concessions 20% of sales for this period 0-3 10 Sales, 1 with concessions, 10% of sales for this penod The concessions ranged between 500 and 5 000 The median concession amount is $2,500 1123 Country Acres Dr City Johnstown State CO ZIP Code 80534 Pnar 7-12 Months Pnor 4-6 Months Current -3 Months Overall Trend 27 15 10 ❑ Increasing ❑ Increasing X Declining Stable ❑ Declining ❑ Declining O Increasing ❑ 4 50 5 00 3 33 X Stable ❑ Stable ❑ Stable 8 7 3 18 14 09 Declining Increasing Prior 7-12 Months Prior 4-6 Months Current -3 Months Overall Trend $290,000 46 $294,500 45 $315,000 50 Increasing ❑ Declining I$ Increasing X Declining ❑ Increasing ❑ Stable X Stable ❑ Declining ❑ Increasing $296,250 $315,000 $350,000 Stable Stable Declining 51 5 100 58 100 6 ❑ Increasing 100 $I Stable ❑ Decfimne ❑ Increasing Are foreclosure sales (REO sales) a factor in the market? ❑ Yes X No If yes, explain (including the trends in listings and sales of foreclosed pmperbes) 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 Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form If you used any addlbonal 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 Market Conditions data sample is limited, but the data does appear to support an expanding to stable market, but we continue to look to larger trend data to establish appreciation adjustments as the real estate market in the Johnstown area continues to appreciate in value year over ear *A median DOM cannot be calculated for active listings within a date range If the subject Is a un0 to a condominium or cooperative project, complete the following Project Name Subject Project Data Total # of Comparable Sales (Settled) Absorption Rate (Total Sales/Months) Total # of Active Comparable Listings Months of Unit Supply (Total Listings/Ab Rate) Are foreclosure sales (REO sales) a factor In the project foreclosed properties Pnar 7-12 Months Poor 4-6 Months Current — 3 Months Overall Trend ❑ Increasing ❑ Increasing ❑ Declining Fl Declining ❑ Stable ❑ Increasing ❑ Stable ❑ Stable ri Stable, ❑ Declining ❑ Declining ❑ Increasing Yes No 0 yes, indicate the number of REO listings and explain the trends in I stings and sales of Summarize the above trends and address the impact on the subject unit and project Signature Appraiser Name Company Name DRM Real Estate Advisors Company Address State License/Cerhfication # Signature Supervisory Appraiser Name Company Name Company Address State License/Cerbfication # State Kyler Kffudsen, MAI P 0 Box 99 Windsor CO 80550 CG40015863 State CO Email Address kyler@drmrealestate corn Email Address Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009 Farm 1004MC2 `TOTAL° appraisal software by a la mode, Inc -1 800 ALAMODE Building Sketch Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State co Bp Code 80534 Lender Century Lending 145 Basement 39 74 TOTAL Sketch bye S m°de, Inc 16 14 5' Area Calarlations Summery _Ll "=Are4 te, '�z- �_�1ia °• .... i+.1'.Y First Floor 170993Sgft OSx212x212 = 225 05x212x 212= 225 6x212 = 1273 5x2 = 10 0.5x212 x 212 = 225 05x212x212= 225 6x212 = 1273 23x25 = 575 145x11 = 1595 2924x15 = 438 64 22 x 16 24 = 357 34 115x10 = 115 4 x 5 = 20 Total Living Area (Rounded) 1710 Sq ft No lWIll Ala"‘„,7,7^1-17,77% c, ' .,.'.�r•.v-.�r<^*- T�-ht,.wv-=^^- �,-,.^0.----,,,r---_ N-� -rr,..,z-+-t,-�.; ��,.n�. q' Au�„-.+. w. ,: rk i aw..,�5....-.n..._ <+.,�,.�b J..ih .,.tea.«:.. �i �, ,....- 3 Car Attadred 758 Sq ft 23 x 22 = 506 12 x 21 = 252 Basement 1663 54 Sq ft 23x25 = 575 145x11 = 1595 29 24 x 15 = 438 64 22 x 16 = 352 11 74 x 10 = 117 43 524x4 = 2097 Form SKT BLDSKI - °TOTAL° appraisal software by a la mode, Inc -1-800 ALAMODE Graph Median Sales Price K S34OK $J20K. $300K $280 V Entire MLS a Johnstown IRES&c ColoProperty.corn® Johnstown T 1-2016 1-2017 Entire MLS & Johnstown Each data point is one month of activity. Data is from April 13. 2017 M data from IRES. Data deemed reliable, but not guaranteed. InfoSparks O 2017 Showing -rime. Form SCNLGL - "TOTAL" appraisal software by a la mode. inc. - 1-800-ALAMODE Location Map Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State CO Zip Code 80534 Lender Century Lending 'iifrjy HififYs. 1,? COMPARABLE No. I COMPARABLE No. 3 127 Pleasant Ave 0.11 mites SW COMPARABLE No. I 1124 Sandra Dr 113 miles S COMPARABLE No. S 111 king Ave 0,1/ miles E Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Plat Map Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City _ Johnstown County Weld State CO Zip Code 80534 Lender Century Lending Form MAP.PLAT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Aerial Map Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State CO ZIP Code 80534 Lender Century Lending to.?132:0: '1213 :113'4 .'•1:139 nU'rV ',11 2 elitn i• +215,- ..I 5 •- .4'• -• IQ • 5 0.194' Sit, 1 limet;i1 7 2 - - Subject 1123 Country Acres Dr . 1211 x.12: i , r• 1,1211'., 1•fi,7r • ir y1111.010 • i (F2)1S VIP' t 8;v ,i,1:1 1.12 7� . ® ;,11.13 11.16 44- f �111ft1 Q9 r,_. .107110 102. ? 22S 1ST S'T Irtal 1143 Vr Cumpnivv D5 JO: *Jr ;sett., 'criT cN1 ,. ; 108 1 Itcsati sr i • IQs; �ii17- 10 11.1 -1171, 108 1115 .1I;1 5x;110 }•' 11 t r—' • t' • f , .1125 . 1X14: a:123 11 1 ->rt• t I- "� it110 �1 t7 8 i 1r0 ' 1)121 :# •-• • 11119, ,.. _ „ Mzti`.. �0 1402P1 11:'F:71.11 5-x13 ` . -,: tat '1.107' 8411,614-:.f,'� 1104 " !��.. p112 .>' 111 kg1 x11311 11eY?ua'-113 442. 1151;.; y. . '44C•11 got 11 T-1:14) Form MAP.PLAT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Kyler Knudsen File No 17-04-006N 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 matenals and/or components can be considered new dwellings provided that the dwelling is placed on a 100 percent new foundation and the recycled materials and the recycled components have been rehabilitated/remanufactured Into like -new condition improvements that have not been previously occupied are not considered "new" If they have any significant physical depreciation (that is, newly constructed dwellings that have been vacant for an extended penod of time without adequate maintenance or upkeep) 02 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 properly 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 covenngs, 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 al 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 matenals throughout the interior and extenor of the structure The design features exceptionally high -quality extenor refinements and omamentaton and exceptionally high -quay intenor refinements The workmanship, matenals, 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 owner's 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 intenor refinements, and detail The workmanship, matenals, 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, me -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) O3 Dwellings with this quality rating are residences of higher quality bu0t 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 extenor ornamentation and interiors 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 Materials workmanship, finish and equipment are of stock or builder grade and may feature some upgrades Q5 Dwellings with this quality rating feature economy of construction and basic functionality as main considerations Such dwellings feature a plain design using readily available or basic floor plans featunng minimal fenestration and basic finishes with minimal extenor ornamentation and limited Interior 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 anginal condition with no updating, if no major components have been replaced or updated Those over fifteen years of age are also considered not updated ifthe 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 deterioration Updated The area of the home has been modified to meet current market expectations These modifications are limited in terms of both scope and cost An updated area of the home should have an improved look and feel, or functional utility Changes that constitute updates include refurbishment and/or replacing components to meet existing market expectations Updates do not include significant alterations to the existing structure Remodeled Significant finish and/or structural changes have been made that Increase utility and appeal through complete replacement and/or expansion A remodeled area reflects fundamental changes that Include multiple alterations These alterations may Include some or all of the following replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocation of plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of) square footage) This would Include a complete gutting and rebuild Explanation of Bathroom Count Three-quarter baths are counted as a full bath in all cases Quarter baths (baths that feature only a toilet) are not included in the bathroom count The number of full and half baths is reported by separating the two values using a penod, where the full bath count is represented to the leftof the period and the half bath count is represented to the right of the period Example 3 2 Indicates three full baths and two half baths UAD Version 9/2011 (Updated 1/2014) Fomi UADDERNE1A - "T0TAL° appraisal software by a la mode, inc -1 800-ALAM0DE UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source Fannie Mae UAD Appendix D UAD Field -Specific Standardization Requirements) Abbreviations Used in Data Standardization Text !V./Abbreviation t=. ca -'S= ,' koU,,rFull Names ,-4', +0,. ;,:T "',-- "_ , ti -4;fFtelds Where -This Abbrevrabon MayrAppear�T,-' ' A Adverse Location & View ac Acres Area, Site AdjPrk Adjacent to Park Location AdjPwr Adjacent to Power Lines Location Ar nLth Arms Length Sale Sale or Financing Concessions AT Attached Structure Design (Style) B Beneficial Location & View ba Bathroom(s) Basement & Finished Rooms Below Grade br Bedroom Basement & Finished Rooms Below Grade BsyRd Busy Road Location c Contracted Date Date of Sale/Time Cash Cash Sale or Financing Concessions Comm Commercial influence Location Cony Conventional Sale or Financing Concessions cp Carport Garage/Carport CrtOrd Court Ordered Sale Sale or Financing Concessions CtySky City View Skyline View View CtyStr City Street View View cv Covered Garage/Carport DOM Days On Market Data Sources DT Detached Structure Design (Style) dw Driveway Garage/Carport e Expiration Date Date of Sale/Time Estate Estate Sale Sale or Financing Concessions FHA Federal Housing Authonty Sale or Financing Concessions 0 Garage Garage/Carport ga Attached Garage Garage/Carport gbi Built-in Garage Garage/Carport gd Detached Garage Garage/Carport GlfCse Gott Course Location Gifvw Golf Course View View GR Garden Design (Style) HR High Rise Design (Style) in intoner Only Stairs Basement & Finished Rooms Below Grade Ind industnal Location & View Listing Listing Sale or Financing Concessions Lndfl Landfill Location LtdSght Limited Sight View MR Mad -rise Design (Style) Mtn Mountain View View N Neutral Location & View NonArm Non -Arms Length Sale Sale or Financing Concessions o Other Basement & Finished Rooms Below Grade 0 Other Design (Style) op Open Garage/Carport Prk Park View View Pstd Pastoral View View PwrLn Power Lines View PubTm 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/lime VA Veterans Administration Sale or Financing Concessions w Withdrawn Date Date of Salefime 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 & Fnished Rooms Below Grade UAD Version 9/2011 (Updated 1/2014) Form UADDEFINE1A -'TOTAL° appraisal software by a la mode, me - 1-800-ALAMODE File No 17-04-006N Qualifications of Kyler W. Knudsen, MAI Business Addmna. PO Bac99 wiaasoa CO 80550 Pk 1970) 674-1313 f� 970.691-1662 E-mail. kylert@drimealestate cam Education RS in Business Admnustration Concentration in Real Estate Finance, Colorado State University, 1998 Masters in Real Estate and Construction Managaoent, Denver University, 2007 Courses Appraisal Insnmte—Appraisal Principles Appraisal Inantute —Basic Appraisal Procedures Apprasal lnsntute —Residential Case Study Appraisal Institute —Standards ofPiofessibnal PracticePartA, USPAP Appraisal Institute — Standards of Professional Practice PartB, USPAP Appraisal Institute —New Appraisal Requirements for Bankers &Appraisers Appraisal Institute —Apprasal Report Wnnng andDevelopment Appraisal Tnsnmte-7-Hour National USPAP Update Appraisal Institute —Business Practices and Ethics Appraisal Institute —Appraisal Review General Appraisallrisotute —FHA and the Appraisal Process Appraisal Institute —Residential Case Study Appraisal Iirsntute — Quantitative Analysis Appraisal Institute —Appraisal Review Senunars Appraisal Institute —The FHA and the Appraisal Process Appraisal Institute —Solutions to hard to value assets (Condos, land and Subdivisions) Appraisal Institute —Self Storage 7 tdag at the Past —Are these indications of the future? Appraisal Institute — Managing and Procuring Commercial Appraisal Reports Appraisallns8tutc—ApprassalPohcy Changes Challenges and Opportunities Appraisal lnsmute — Managing and Procuring Commercial Appraisal Reports Apprauallnsntute—Residential Devdopmene Valuation Trends, Issues and Challenges Appraisal Institute —Tenant Credit Analysis Appraisal Institute — AppraismgIhstresaed Commercial RE Here We Go Again Membership and Designations Appraisal Institute MAI (since 2014) —Associate Member (since 1999) Certified GenemlieaLEstate Appraisers Colorado - Licensed since in 1999—CG40015863 Ely 12/31/2018 Types of laroperties Appraised/Reviewed. Residential - Brogue -family, multi -family, duplex, us-Pkz, townhomes, income property, condominiums, custom homes, acreage properties, multi -million dollarliomes and land appraisals Commercial- Retail, medical office, general office, office/warehouse, office/warehouse condominiums, industrial warehouse, R & D, vacant commercial land, bulk lot sales, subdivision development and special use facilities. Work Experience Cnm„merduiRealEstateAppraiser DRMReal Estate, Windsor, Colorado November 2010 —Present oIi Dunes Perform appraisal services indiuling property valuation, consulting, property mspecdon and appraisal review forlendsnginstitutions and private patties Collect, analyze and leport data on the current Northern Colorado teal estate market, trends and economy Produce appraisal reports on avanety of commercial property PHONE 970 691 1662 PAX 970-236 9840 E Mgrs. KVLER@DRMREALESTATE.COM Form DCVR 'TOTAL' appraisal software by a la mode, Inc -1-800 ALAMODE File No. 17-04-006N Staff Appraiser [Lome State Bank, Loveland, Colorado 1998 — 2010 Job Duties: Perform appraisal services including property valuation, consulting, property inspection and appraisal review) for lending institutions and private parties. Collect, analyze and report data on the current Northern Colorado real estate market, trends and economy. Produce appraisal procedures and interpret federal regulations and ensure safe and sound appraisal practices for the hank. Perform inspections on construction loans. Professional References: Scott Woods Home State Bank 935 N. Cleveland Avenue Loveland, CO 80537 970-203-6100 Daniel I ombardelli Advantage Bank 1475 N. Denver Avenue Loveland, CO 80538 970-613 1982 Nicole Kopach Great Western Bank 3,11 John F Kenneth Parkway Fort Collins, CO 80525 970-206-4585 Colorado Appraisal License: kyrr Name w,.Mn ee Gibe. CO easA `a3xaa AMA,) Metter Mord. Wein State ditotorado Department of Regulatory Agencies Division of Real Estate Board of Real Estate Appraisets CO License N: C6.040015883 Status: ACOre Expires: 1241/2015 For the most up to date information regarding this credential, +1sft http:, 'dora.cotorado.gov/dre Co:credo Department of Regutato. , -privet. Division at eat (tr. r too, t..+.HN Apyrnbw CG 124Il2t5t3___ ucernse ttflsr Active _ l me Staten 01.(11:20_11_ Is:ue Oat* 12/3112018 Expiration Ye very this acne at num. 'dora.colorado.go'+rOre I`'hatt a,1aes.J Director Maros Waters L_ I Licensee Signature Form DCVR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Certification Certification We certify that, to the best of our knowledge and belief 1 The statements of fad contained in this report are true and correct. 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and is our personal, impartial, and unbiased professional analyses, opinions, and conclusions 3 We have no present or prospective interest in the property that is the subject of this report, and no personal interest with respect to the patties involved. 4 We have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5 Our engagement in this assignment was not contingent upon developing or reporting predetermined results. 6 Our 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 7 Our analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional AppraisalPractice. 8 The reported analysis, opinions and conclusions were developed, and this report has been prepared, in conformity with the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute 9 Kyler W Knudsen made a personal inspecuon of the property that is the subject of this report 10 No one provided significant professional assistance to the persons signing this report 11 The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives 12 As of the date of tits report, Kyler W Knudsen, MM has completed the Standards and Ethics Education Requirements for a member of the Appraisallnstmite. 13 As of the date of this 'cent, Kyler W. Knudsen, MAT has completed all required continuing educational requirements of the State of Colorado 14 I have performed no services, as an appraiser or any other capacity, regarding the subject property that is the subject of this report within the three year penod immediately preceding the acceptance of this assignment. 15 Nathan Kemple provided significant assistance in the production of this report DRM REAL ESTATE ADVISORS, LLC 142 Kyler W. Knudsen, MAI Real Estate Appraiser State of Colorado Certified General Appraiser No CG40015863 (12/31/2018) Cert. V 19 Form SCNLGL -'TOTAL' appraisal software by a la mode, me 1-800 ALAMODE E&O CERTIFICATE OF REAL ESTATE APPRAISER ERRORS AND OMISSIONS INSURANCE Insurance Company: Continental Casualty Company, a CNA insurance company (Continental) Producer: Rice Insurance Services Company, LLC (RISC) 4211 Norboume Boulevard, Louisville, Kentucky 40207-4048 Phone: (800) 637-7319 Fax: (502) 897-7174 Kyler Knudsen P.O. Box 99 Windsor. CO 80550 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 Division of Real Estate. Insured Appraiser Kyler Knudsen Appraiser License Number / Certification Number: CO : 0015863 —CG (if applicable) Policy Number: 17 AP 0004CO Individual Policy Period: 01/01/2017 to 01/01/2018 * Limits of Liability: Deductibles: $100,000 per claim / $300,000 aggregate" Damage Deductible: $1,000 Claim Expenses Deductible. $0 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.risceo.com. You may also obtain copies of the group policy and any optional endorsements purchased by calling us at (800) 637-7319, ext 1. 12/19/2016 Authorized Representative Date Generated 11 this policy is cancethed pnor to the expiration date indicated, notice tall be delivered in accordance with the pu icy provisions. "Lirrits of liability may have been reduced by payments on claims. Date of Enrollment- 12/19/2016 Rice Insurance Services Company, LLC Policy Number 17 AP 0004CO Insured Name: Kyler Knudsen Effective: 01/01/2017 to 01/01/2018 Form SCNLGL - "TOTAL" appraisal software by a la mode. inc. - 1-800-ALAMODE E&O CNA POLICYHOLDER NOTICE - COLORADO IMPORTANT NOTICE TO POLICYHOLDERS COLORADO DISCLOSURE FORM CLAIMS - MADE POLICY THIS DISCLOSURE FORM IS NOT YOUR POLICY. IT DESCRIBES SOME OF THE MAJOR FEATURES OF OUR CLAIMS - MADE POLICY FORM READ YOUR POLICY CAREFULLY TO DETERMINE RIGHTS, DUTIES, AND WHAT IS AND IS NOT COVERED. ONLY THE PROVISIONS OF YOUR POLICY DETERMINE THE SCOPE OF YOUR INSURANCE PROTECTION. DEFINITIONS 1. 'Claims Made coverage' means an insurance policy that provides coverage only if a claim is made during the policy period or any applicable extended reporting period. A claim made during the policy period could be charged against a claims - made policy even if the injury or toss occurred many years prior to the policy period. If a claims - made policy has a retroactive date, an occurrence prior to that date is not covered. 2. 'Extended Reporting Period' means a period allowing for making claims after expiration of a claims - made policy. This is also known as a 'tail'. 3. 'Occurrence coverage' means an insurance policy that provides liability coverage only for injury or damage that occurs during the policy term, regardless of when the claim is actually made. A claim made in the current policy war could be charged against a prior policy year, or may not be covered, if it arises from an occurrence prior to the effective date 4. 'Retroactive Date' means the date on a claims - made policy which denotes the commencement date of coverage under this policy. YOUR POLICY Your policy is a claims - made policy. It provides coverage only for injury or damage occurring after the policy retroactive date (if any) shown on your policy and the incident is reported to your insurer prior to the end of the policy period. Upon termination of your claims - made policy an extended reporting period option is available from your insurer There is no difference in the kind of injury or damage covered by occurrence or claims - made policies. Claims for damages may be assigned to different policy periods, depending on which type of policy you have. if you make a claim under your claims - made policy, the claim must be a demand for damages by an injured party and does not have to be in writing. Under most circumstances, a claim is considered made when it is received and recorded by you or by us Sometimes, a claim may be deemed made at an earlier time. This can happen when another claim for the same injury or damage has already been made. or when the claims is received and recorded during an extended reporting period. PRINCIPAL BENEFITS This policy provides for claims - made coverage up to the maximum dollar limit specified in the policy. The principal benefits and coverages are explained in detail in your claims - made policy. Please read it carefully and consult your insurance producer about any questions you might have. CNA71221 CO (10-12) Page 1 «PolUWCompany» Insured Name: «CusChangeName» © CNA All Rights Reserved. Policy No: «PolNumber)b Endorsement No: «Sequence» Effective Date: «EndoEffectiveDateo Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE E&O CNA EXCEPTIONS, REDUCTIONS AND LIMITATIONS Your claims - made policy contains certain exceptions, reductions and limitations. Please read them carefully and consult your insurance producer about any questions you might have. RENEWALS AND EXTENDED REPORTING PERIODS Your claims - made policy has some unique features relating to renewal, extended reporting periods and coverage for events with long periods of potential liability exposure If there is a retroactive date in your policy, no event or occurrence prior to that date will be covered under the policy even if reported during the policy period. It is therefore important for you to be certain that there are no gaps in your insurance coverage. These gaps can occur in several ways. Among the most common are: 1. If you switch from an occurrence policy to a claims - made policy, the retroactive date in your claims - made policy should be no later than the expiration date of the occurrence policy. 2. When replacing a claims - made policy with a claims - made policy, you should consider the following: a. The retroactive date in the replacement policy should extend far enough back in time to cover any events with long periods of liability exposure, or b. If the retroactive date in the replacement policy does not extend far enough back in time to cover events with long periods of liability exposure, you should consider purchasing extended reporting period coverage under the old claims - made policy. 3. If you replace this claims - made policy with an occurrence policy, you may not have insurance coverage for a daim arising during the period of claims - made coverage unless you have purchased an extended reporting period under the claims - made policy. Extended reporting period coverage must be offered to you by law for a least one year after the expiration of the claims - made policy at a premium not to exceed 200% of your last policy premium. CAREFULLY REVIEW YOUR POLICY REGARDING THE AVAILABLE EXTENDED REPORTING PERIOD COVERAGE, INCLUDING THE LENGTH OF COVERAGE, THE PRICE AND THE TIME PERIOD DURING WHICH YOU MUST PURCHASE OR ACCEPT ANY OFFER FOR EXTENDED REPORTING PERIOD COVERAGE. CNA71221 CO (10-12) Page 2 «PolUWCompany» Insured Name: «CusChangeName» © CNA All Rights Reserved Policy No: c PolNumber» Endorsement No: ((Sequence» Effective Date: «EndoEffectiveDate» Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE E&O RISC Rice Insurance eD4cee Company, LLC We put the Experience and Optidnsln E&O programs, 4211 Norrboume Boulevard, Louisville, Kent6cky 40207-4048 Post Office Box 6709, Louisville. Kentucky 40206.0709' Phone. (800)637-7319 Fax:,(502) 897-7174 Wetfslte wwW risceo corn NOTICE Important Information Regarding Your Appraiser Trainee Endorsement THIS NOTICE DOES NOT AMEND YOUR POLICY ORANY APPLICABLE ENDORSEMENTS IT PROVIDES SOME INFORMATION REGARDING THE POLICY AND ABOVE -REFERENCED ENDORSEMENT READ YOUR POLICY AND ANY APPUCABLE ENDORSEMENTS CAREFULLY TO DETERMINE RIGHTS, DUTIES, AND Wl-IAT IS AND IS NOT COVERED. ONLY THE POLICY, TOGETHER WITH, ANYAPPLICABLE ENDORSEMENTS; DETERMINES THE SCQPEQF YOUR INSURANCE COVERAGE, Rice -Insurance Siervices Company, LLC RISC) edmlNstersyour errorsarnomissions Insurance policy, which Is issued by Obnbnentai Casualty Company (Continental) a CNA company Please read the follawjng important information regarding your Roney and endorsement THE ENDORSEMENT WILL NOT APPLY TO- ANY CLAIMS THATARISE BEFORE'THEENDORSEMENTS INCEPTION DATE FOR AFTER THE ENDORSEMENTS END DATE (ORANYAPPLiCABLE EXTENDED REPORTING PERIOD) `What if a Claim is Made Before the Endorsement is Purchased or Merit Expires The endorsement only eppfes to claims that are made acrd reported dunng the lime period shown on (lie endor`semeent orariy ap`pbcable extended reporting period' The endorsement will not apply to any daimsthat arise before the endorsement's inceptionn datee orafter the endorsement's end :date (or any, applicable extended reporting penod) Additionally, the -Professional services must have been,performed after your retroactive date You should continue to purchase this endorsement fakes fes long as you want the coverage to apply, not only during the dine the trtnsacfgn ocawred What_Is and isn't Covered. The endorsement amends the policy Only the policy and any applicable endorsements can providelhe actual terms, coverages, amounts, conditions, end exclusions: We strongly recommend you read the entire policy, including -the 'Excluslons'sedion, and arty applicable endorsements You may chimp a copy of the policy on our website, www risceo:com You may also request`copt is of fhe poilo}i and any applidbbte endorsements by calling us at (800)637 7319, Ext. 1 , oremalling us at policy adminstraterAntceo corn Reporting Claims' The Pettey Is a claim-madeand-reported policy. Failure to reporta Claim timely may jeopardize any coverage that would otherwise have been available Therefore, It is essential lo,notify us In Writing imrriedlately (and no more than 90 slays after) any Claim first arises Please,note that orally InformingRlsC of a ClaIh Is not adequate reporting and will rick constitute notice of the Clalm,to Continental Some Insureds'may beliieve`that a ClaimIsnrot made until a lawsuit is fil'ari. That Is not necessarily the case ,We suggest you review}the pofcVsdefinalon of a Claim and note that even an email recelved by the Insured may meet the -definition ofa Ciabn in some instances How to Notify Continental of a Claim Submits completed Nance of Claim Form (available on our webslte'at http.1/Www-risceo admIWp-cententfuploads/2O16/O5A+1OC.:Aaarakiel-Policy-Fraud-Wamino pdf or by calling us at 1-800-637- 7319, Ext 2, and requesting orie) by any of the folk:wiirg methods U S Mall Delivery: RISC Claims Departhient Post Oitice,Box67O9 Louisville, Kentucky 40206-0709 Overnight Delivery RISC ClaimsDepartment 4211 Norboumo Boulevard Louisville, Kentticky40207=4048 Electronic Delivery. ,Email -clalms@rlsceo coin Fax (502) 896-8343 ,Have Questions or Concerns Feel free to gall, email, or fax us We areplways happy to help, poficyiscacered prior to the erintifmdate reGcefed theendasenad w9i also becacellecelntot eve,t,rakevei beddnaeAtnemorde,wwie,lheI:die/jammers Mao semoernadt end pate niddeeTe eteredwhh the Ile Pates did Tgd medtOlriee doe program rereie,tied rierete b uede ie ttd, by Coath eate1 Caae y Company a CNNn rasura,cy company TN CNA76786CO (10.13)' Rf¢e'lnsuranoe Services Company, LLC fnsiired Name Kyter Krtu"dsen Policy Number,17 AP 000400 Effective' 0110112017 to 01/01/2018 Form SCNLGL °TOTAL° appraisal software by a la mode, Inc -1-800 ALAMODE Northern Colorado home price increases expected to cool ►a�n Z4 zoti � T�.� � i�-d, 0 Jenny Sparks / Loveland Reporter -Herald A roofing crew works Dec 6, 2017, on a home under construction on Echo Lake Drive in The Lakes at Centerra subdivision in east Loveland By CRAIG YOUNG I cyoung@reporter-herald corn I Loveland Reporter -Herald January 24, 2018 at 9 01 pm In a real estate market that has been red-hot for years, a little bit of cooling is a good thing, Brandon Wells, president of The Group Real Estate, said Wednesday night That "healthy stabilization" is one of the top stories to watch in Northern Colorado's economic and real estate news, Wells told the crowd that gathered at Embassy Suites Loveland for the company's annual market forecast event Showing statistics for the annual sales price appreciation in attached and detached homes in the Fort Collins -Loveland market, Wells pointed out increases ranging from 7 9 percent to 12 1 percent in the past five years ,Ts0\ • r Home price increases still are well over the region's 39 -year average of 5.25 percent, e said, but they slowed from 2015's 12.1 percent increase to 10.27 percent in 2016 and 8.43 percent last year. "I think were going to see that trend continue as we come into this year," he said. "A very robust market, but actually something that I think is very advantageous for our market as a whole is to cool off a little bit, or stabilize." Another big factor in Northern Colorado's economy is a strong employment picture, he said At the end of 2016, 180,038 people had jobs in Larimer County, for a 2.3 percent unemployment rate. By December 2017, the county had 194,081 jobs and a 2.5 percent jobless rate. In Weld County, the numbers were similar: 148,164 jobs in December 2016 and 2.6 percent unemployment, and 155,084 people employed at the end of last year and 2.7 percent unemployment. Over the past year, the two counties added 20,963 jobs, he said. Those new jobs accounted for 39 percent of all jobs added in the entire state. "We are really driving the state's economy with job growth in our area," Wells said. Wells acknowledged that the U.S. economy goes through cycles every eight to 12 years, with the latest drop starting about a decade ago with the Great Recession. But with the strong job growth and interest rates that are predicted to rise only to 4.5 percent by the end of the year, he said he doesn't see a recession coming soon. "For the next 12 to 18 months, I'd say our economy is looking strong. We have to look at many different variables," he said. Northern Colorado will continue to see constrained housing supplies, especially at the lower price levels, he said, and prices that will continue to rise, if more slowly. Using statistics that include both detached single-family homes and attached housing such as townhomes and condominiums, Wells laid out the average prices for a variety of submarkets in the area. Loveland saw a 9 percent increase in the average price of homes over the past year, from $344,178 in 2016 to $376,169. That number is lower than last year's average for only detached single-family homes, which was reported at $411,672 during last week's Windermere Real Estate market forecast event. Wells said he believes it's important to include condos and townhomes in the average price statistics because that's where first-time homebuyers are going to come into the market. In Fort Collins, the average price of attached and detached homes was $400,139 last year, more than a 6 percent increase from the 2016 average of $376,125, he said. Wells gave a few more averages for 2017: • Berthoud: $400,751 • Windsor/Severance: $434,232 • Greeley/Evans: $277,869 • Timnath: $620,108 • Wellington: $316,907 • Ault, Eaton, Johnstown, Milliken, Kersey, La Salle and Mead: $345,842. Craig Young: 970-635-3634, cyoung@reporter-herald. corn, www.twittercom/CraigYoungRH. u tete v4 -Dlua{ions 0-6 0O r r-(,) Cke L -l- �r -Jd)--, (Do toe° La'Ld 'co ?Ace. WELD COUNTY ASSESSOR BRENDA DONES 1400 N 17TH AVE GREELEY, CO 80631 DATE: May 1, 2019 2019 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 TAXPAYER COPY Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com ACCOUNT NUMBER TAX YEAR ' TAX AREA CODE PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) R6858297 2019 0567 105908210008 8CA-8 L8 COUNTRY ACRES 8TH FILING P R 0 0 W PN EE RR T Y RESIDENTIAL ---1175=MWY SCHAFF ALLEN CO L ACRES 80534-8471 CLASSIFICATION DR JOH JOHNSTOWN PRIOR YEAR ACTUAL VALUE CURRENT YEAR ACTUAL VALUE + OR - CHANGE 296,227 367,482 +71,255 TOTALS 296,227 367,482 +71,255 THE PRIOR YEAR TAX ESTIMATE IS $1,823. THE CURRENT YEAR TAX ESTIMATE IS $2,262. THIS RESULTS IN AN INCREASE OF +$439. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. boor kit(tn 4v,Cs2 U) U w 2 w F- U Q >- I- W a. 0 For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report at the following URL: www.co.weld.co.usiapps1/propertyportalt PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 56260 WELD COUNTY ASSESSOR BRENDA DONES 1400 N 17TH AVE GREELEY, CO 80631 DATE: May 1, 2019 2019 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com TAXPAYER COPY ACCOUNT NUMBER R6860197 P RO OW PN EE RR T Y TAX YEAR I TAX AREA CODE I PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) 2019 0567 • TUTTLE TERRI L i � S - �1�� + P--eL COLORADO SPRINGS SPRINGS CO 80904-3436 CLASSIFICATION RESIDENTIAL TOTALS 105908210027 JOH 8CA-27 L27 COUNTRY ACRES 8TH FILING PRIOR YEAR ACTUAL VALUE CURRENT YEAR ACTUAL VALUE + OR - CHANGE 288,252 288,252 360,224 360,224 +71,972 +71,972 THE PRIOR YEAR TAX ESTIMATE IS $1,774. THE CURRENT YEAR TAX ESTIMATE IS $2,217. THIS RESULTS IN AN INCREASE OF +$443. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. r •P V t 1 V) V PROPERTY CHARACTERIST For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report at the following URL: www.co.weld.co.us/appsl/propertyportal/. PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 71632 WELD COUNTY ASSESSOR BRENDA DONES 1400 N 17TH AVE GREELEY. CO 80631 DATE: May 1, 2019 ACCOUNT NUMBER R6859597 P R0 OW P14 EE RR T Y COLTON LEWIS S II 1134 COONTRY'ACRES DR JOHNSTOWN CO 80534-8470 RESIDENTIAL 2019 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 TAXPAYER COPY Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com TAX YEAR TAX AREA CODE PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) 2019 CLASSIFICATION 0567 105908210026 JOH 8CA-26 L26 COUNTRY ACRES 8TH FILING PRIOR YEAR ACTUAL VALUE 288,712 CURRENT YEAR ACTUAL VALUE + OR - CHANGE 359,962 +71,250 288,712 359,962 +71,250 THE PRIOR YEAR TAX ESTIMATE IS $1,777. THE CURRENT YEAR TAX ESTIMATE IS $2,215. THIS RESULTS IN AN INCREASE OF +$438. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. tt; z_\ Lsidia_} s \r\o-LcAsta up. U, U PROPERTY CHARACTERIST For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report at the following URL: www.co.weld.co.us/apps1/propertyportal/. PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 53447 WELD COUNTY ASSESSOR BRENDA DONES 1400 N 17TH AVE GREELEY, CO 80631 DATE: May 1, 2019 2019 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 TAXPAYER COPY Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com ACCOUNT NUMBER R0222295 P RO OW P EE RR T Y TAX YEAR TAX AREA CODE PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) 2019 0567 JOHNSON JERRY L PO BOX 95 JOHNSTOWN CO 80534-0095 CLASSIFICATION RESIDENTIAL 105908208019 JOH 6CA-19 L19 COUNTRY ACRES 6TH FILING PRIOR YEAR ACTUAL VALUE CURRENT YEAR ACTUAL VALUE 281,222 281,222 347,874 347,874 ♦ OR - CHANGE +66,652 4-66,652 THE PRIOR YEAR TAX ESTIMATE IS $1,731. THE CURRENT YEAR TAX ESTIMATE IS $2,141. THIS RESULTS IN AN INCREASE OF +$410. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. 44it (Q Lc sc,•/4— lo -or For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report at the following URL: www.co.weld.co.us/appsl/propertyportal/. PROPERTY CHARACTER PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 54674 WELD COUNTY ASSESSOR BRENDA DONES 1400 N 17TH AVE GREELEY, CO 80631 DATE: May 1, 2019 2019 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com TAXPAYER COPY ACCOUNT R6857897 NUMBER TAX YEAR 2019 I TAX AREA CODE I PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) 0567 105908210005 8CA-5 L5 COUNTRY ACRES 8TH FG P RO OW PN EE RR T Y MILES 121 JOHNSTOWN MICHELLE 1 MOUNTVIEW ( c-c\i-)O\kk--Xu) L _ DR CO 80534-8468 JOH -�- CLASSIFICATION PRIOR YEAR ACTUAL VALUE CURRENT ACTUAL VALUE L + OR - CHANGE YEAR RESIDENTIAL 278,617 342,790 +64,173 TOTALS 278,617 342,790 +64,173 THE PRIOR YEAR TAX ESTIMATE IS $1,715. THE CURRENT YEAR TAX ESTIMATE IS $2,110. THIS RESULTS IN AN INCREASE OF +$395. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. 132_, \4,4uu For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report at the following URL: www.co.weld.co.us/apps1/propertyportal/. PROPERTY CHARACTER PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 55406 WELD COUNTY ASSESSOR BRENDA DONES 1400 N 17TH AVE GREELEY, CO 80631 DATE: May 1, 2019 2019 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 TAXPAYER COPY Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com ACCOUNT NUMBER R6857997 P R0 OW PN EE RR T Y TAX YEAR TAX AREA CODE 2019 PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) 0567 CONRADSON C JAMES. 1122 COUNTRY ACRES DR JOHNSTOWN CO 80534-8470 CLASSIFICATION RESIDENTIAL 105908210006 JOH 8CA-6 L6 COUNTRY ACRES 8TH FILING PRIOR YEAR ACTUAL VALUE CURRENT YEAR ACTUAL VALUE 272,129 272,129 333,771 333,771 4.OR-CHANGE +61,642 +61,642 THE PRIOR YEAR TAX ESTIMATE IS $1,675. THE CURRENT YEAR TAX ESTIMATE IS $2,054. THIS RESULTS IN AN INCREASE OF +$379. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. 4A> ILI 1/4 n 750 Vic\-- "eatiu-at clann US PROPERTY CHARACTERISTICS For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report at the following URL: www.co.weld.co.usiapps1/propertyportali. PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 53458 WELD COUNTY ASSESSOR BRENDA DONES 1400 N 17TH AVE GREELEY, CO 80631 DATE: May 1, 2019 2019 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 TAXPAYER COPY Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com ACCOUNT NUMBER R0214795 RO OW Phi EE RR T Y TAX YEAR I TAX AREA CODE ( PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) 2019 0567 EICHER WILLIAM WARD 1120 COUNTRY ACRES DR JOHNSTOWN CO 80534-8454 CLASSIFICATION RESIDENTIAL 105908208001 JOH 6CA-1 L1 COUNTRY ACRES SUB 6TH FILIN G PRIOR YEAR ACTUAL VALUE 252,930 252,930 CURRENT YEAR ACTUAL VALUE + OR - CHANGE 311,019 311,019 +58,089 THE PRIOR YEAR TAX ESTIMATE IS $1,557. THE CURRENT YEAR TAX ESTIMATE IS $1,914. THIS RESULTS IN AN INCREASE OF +$357. THIS ESTIMATE IS BASED ON 2018 TAX RATES. YOU WILL RECEIVE A TAX BILL IN 2020. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. At >, /> 1861 y • �....toe :ad _ moo, `5zs UaeLos.) 10O ruwm )S. U U) PROPERTY CHARACTER For specific property characteristic details, please see the Building Information and Valuation Information Tabs on your Property Report at the following URL: www.co.weld.co.us/appsl/propertyportal/. PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 53813 Brenda Dones, Weld County Assessor Valuation Report of Residential Improved Property For County Board of Equalization ROHLEDER DANIEL G Petitioner vs. Weld County Assessor's Office Respondent Docket Number: Parcel Number: Schedule Number: Appeal Number: Date: Time: 2019-2805 10 590821000 7 R6858197 2008224598 2019-08-01 1:00 PM Board: 1 Prep ared By Colleen Kentfield Assessor's Office Staff Appraiser Assessor's Indicated Value RESIDENTIAL $381534 TOTAL: $381,534 Page 1 of 6 .Subject Photo General Description and Market Summary Subject Site and Improvements The subject property is located at 1123 COUNTRY ACRES DR in JOHNSTOWN. The legal description of the property is JOH 8CA-7 L7 COUNTRY ACRES 8TH FILING. The subject is a Frame Hardboard house constructed in 1998. It has 1710 square feet of finished living area above grade. There are 5.00 bedrooms and 3.00 bathrooms. The Assessor has classified the structure as a Ranch 1 Story home of Average quality construction. Page 2 of 6 Market Approach Summary The subject property has been classified as Residential for assessment purposes. Residential property value shall be determined solely by consideration of the Market Approach to Value {39-1-103(5)(a), CRS}. As required by 39-1-104(10.2), CRS, the market value is determined by utilizing data from the period of one and one-half years immediately prior to June 3 0th, 2018. If sufficient comparable valuation data is not available within the eighteen -month time period, the assessor shall use market data from the five year period immediately prior to June 30th, 2018. When appropriate, all sales are to be time adjusted to the appraisal date of June 3 0th, 2018. Although the appraisal date is June 30, 2018, the physical characteristics are reflective of the property as of January 1, 2019. The comparable sales in this report were selected using county records and the Multiple Listing Services. The Weld County Assessor's Office has verified that the comparable sales are arms -length transactions based on review of the Real Property Transfer Declaration, telephone or personal confirmation interviews and physical inspections to confirm property characteristics at the time of sale. DEFINITION OF MARKET VALUE: The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under undue duress. {The Appraisal Institute} The market value of the property as of June 30th, 2018 is: Assessor's Indicated Value RESIDENTIAL $381,534 TOTAL: $381,534 Page 3 of 6 Time Adjusted Sales Prices By law, sales prices are time adjusted to the appraisal date of June 30, 2018. An adjustment for time is made if during the sales collection period of January 2017 to June 30, 2018 the sale prices of properties have appreciated or depreciated due to inflation or deflation. We refer to the adjustment as a 'time' adjustment. If market conditions have not changed, no adjustment is required even though considerable time may have elapsed. <C.RSS. 39-1-104...said level of value shall be adjusted to the final day of the data -gathering period.} Sales and resales of the same or similar properties are a good indication of the changes in market conditions over time. In addition, we run simple linear regression where we graph the sales and the month the sale occurred to indicate the trend of the market. This trend is tracked as a monthly rate of change. Since we consider one of the most important aspects of market value to be location, we determine our time trends by location, also known as economic area or neighborhood, and by the use of the property (vacant land, residential, commercial). This neighborhood had 57 sales and indicates a time adjustment of .84% per month. 1.90 gin SALEF TIC 1:10 .501 O C O O O 0 C Linezr la 0 467 5.00 MOD 17.7O:0.) i 201)0 TIMMIEINTV Page 4 of 6 25.00 C q "South tat S Cottonwood SUBJECT 1123 COUNTRY ACRES DR: JOHNSTOWN Q. COMPARABLE 3 127 PLEASANT AVE , OH MST0WN COMPARABLE 1 128 PLEASANT AVE , JOHNSTOWN COMPARABLE 2 1124 SANDRA. DR , JOHNSTOWN Page 6 of 6 a, 0 C C s 4 'FAH WELD COUNTY ASSESSOR'S Sales Comparables Market Adjustment Grid Sale Date Sale Price TmAdj Sale Price Parcel Number Account Number Street Address Subject 01/27/2005 $224,500 $224,000 105908210007 R6858197 1123 COUNTRY ACRES DR TOTALIMPSF TOTALLANDSF NBHDANDEXT OCCUPANCY Built -As Description Quality Condition Year Built Adjusted Year Built Residential SF Baths Basement Sq Feet Basement Finish Basement Walkout Garage - Attached Garage - Detached Land OutBuilding Bonus Room Ag Land EXCLUDEC0DE1 - Tot SF 1710.000000 12418.000000 0077 - 01 Single Family Residr Ranch 1 Story Average Typical 1998.000000 1998.000000 1710.000000 3.000000 1665.000000 1448.000000 0.000000 758.000000 0.000000 60700.000000 0.000000 0.000000 0.000000 0.000000 Final Market Value Final Market Value 1 SF $381,534.00 $223.12 Comp # 1 11/30/2017 383000.00 406094.90 105908211019 R7817899 128 PLEASANT AVE 1632.000000 9975.240000 0077-01 Single Family Residentie Ranch 1 Story Average Typical 2000.000000 2000.000000 1632.000000 3.000000 1556.000000 1196.00000O 0.000000 700.000000 0.000000 60700.000000 0.000000 0.000000 0.000000 0.000000 $0 $0 $0 $0 $0 $0 $0 ($1,000) $0 $5,460 $0 $2,398 $4,788 $0 $3,306 $0 $0 $0 $0 $0 $0 $ Adjustment Gross % Adjustment Net % Adjustment Adjusted Sales Price Adjusted Sales Price / SF $14,952.00 4.1744% 3.6819% $421,046.90 $246.23 Comp# 2 02/08/2017 352500.00 401263.20 105908211035 R7819499 1124 SANDRA DR 1596.000000 11458.000000 0077 - 01 Single Family ResidentiE Ranch 1 Story Average Typical 2000.000000 2000.000000 1596.000000 3.000000 1592.000000 1489.000000 0.000000 704.000000 0.000000 60700.000000 0.000000 0.000000 0.000000 0.000000 $0 $0 $0 $0 $0 $0 $0 ($1,000) $0 $7,980 $0 $1,606 ($779) $0 $3,078 $0 $0 $0 $0 $0 $0 $ Adjustment Gross % Adjustment Net % Adjustment Adjusted Sales Price Adjusted Sales Price / SF $10,885.00 3.5994% 2.7127% $412,148.20 $241.02 Comp # 3 0813112017 341500.00 371278.80 105908211025 R7818499 127 PLEASANT AVE 1538.000000 12311.000000 0017 - 01 Single Family ResidentiE Ranch 1 Story Average Typical 1999.000000 1999.000000 1538.000000 3.000000 1523.000000 1355.000000 0.000000 67°1.000000 0.000000 60700.000000 0.000000 0.000000 0.000000 0.000000 $o $0 $0 $0 $0 $0' $0 ($500) $0 $12,040 $0 $3,124 $1,767 $0 $4,959 $0 $0 $0 $0 $0 $0 $ Adjustment Gross % Adjustment Net % Adjustment Adjusted Sales Price Adjusted Sales Price / SF $21,390.00 6.0305% 5.7612% $392,668.80 $229.63 NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 2 2019 WELD COUNTY 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 R6858197 2019 0567 JOH 8CA-7 L7 COUNTRY ACRES 8TH FILING 1123 COUNTRY ACRES DR JOHNSTON W PROPERTY OWNER ROHLEDER DANIEL G 1123 COUNTRY ACRES DR JOHNSTOVVN, CO 80534-8471 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW RESIDENTIAL 381,534 381,534 TOTAL 381,534 381,534 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: AL01 - Your property has been uniformly valued following Colorado law. Your protest of value has been denied due to comparison of other similar properties which sold during the Jan 2017 to June 2018 time period. 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): 15-DPT-AR PR 207-08/13 R6858197 2019-2805 ASO1o3 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.qov/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 TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2018? (Your opinion of value in terms of a spe ifi ollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 3-45:500 What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) pp rci sq. ( b 1 ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein n Iny a eto are true and complete. 4✓ - 910- S7(- Z 2Z Telephone Number Signature (nr )( 9'q mat ! • c Email Address 1 Attach letter of authorization signed by property owner. Date 15-DPT-AR PR 207-08/13 R6858197 July 3, 2019 Weld County Board of Equalization 1150 O Street PO Box 758 Greeley, CO 80631 RE: Account No. R6858197, 1123 Country Acres Drive, Johnstown, CO 80534 To Whom it May Concern: We respectfully request an appeal of the findings of the taxable value of our home as noted above. We are enclosing a professional appraisal that was completed on April 12, 2017 on our home. In addition to the comparable noted on the appraisal we have also enclosed additional property information of our subdivision during the time frame specified on the Notice of Determination. Our appraisal came in at $340,000. The average of the properties enclosed is $351,200 without any adjustments made (which in actuality would have been done because they all have some features we don't have and therefore it would adjust the price down). If you take the average of these two numbers, you come to $345,600, which ironically is almost exactly what a published article in the Loveland Reporter Herald, dated Jan 24, 2018 states is the average price for 2018 for Johnstown. We can be reached at (970) 576-2822 Dan or (303) 947-8882 Jody. Dan &Jody Rohleder 1123 Country Acres Drive Johnstown, CO 80534 Enclosures: Comparable Properties Appraisal Loveland Reporter Herald Article Kyler Knudsen Design (Style) 1 Stpry Ranch Outside Entry/Ex t Sump Pump Year Built 1998 Evidence of Infestation 10 _ Dampness Settlement Effective Age Attic (Yrs) Drop Stair Floor Finished Appliances Finished area above grade contains: 7 Rooms 4 Bedrooms 2.0 Bath(s) 1 710 Square Feet of Gross Living Area Above Grade Additional features (special energy efficient items, etc.). The subject enjoys a private patio. Uniform Residential Appraisal Report Kyler Knudsen File# 17-04-006N 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 1123 Country Acres Dr City Johnstown State CO Zip Code 80534 Borrower Dan Rohleder Owner of Public Record Daniel G & Jody LRohleder County Weld Legal Description JOH 8CA-7 L7 COUNTRY ACRES 8TH FILING Assessor's Parcel # 105908210007 Tax _ Year 2016 R.E. Taxes $ 1 875 Neighborhood Name COUNTRY ACRES Map Reference 24540 Census Tract 0021.02 Occupant X Owner _ Tenant Vacant Special Assessments $ 0 PUD HOA $ 0 _ per year __ per month Property Rights Appraised X Fee Simple Leasehold Other (describe) Assignment Type Purchase Transaction $ Refinance Transaction — Other (describe) Lender/Client Century Lending Address 9931 Corporate Campus Drive Suite #1200, Louisville, KY 4022.3 Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? Yes X No Report data source(s) used, offering price(s), and date(s). IRES MLS. Subject has not been listed in the last 12 months. I 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. Contract Price $ Date of Contract Is the property seller the owner of public record? Yes No Data Source(s) 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 Na B Yes, report the total dollar amount and describe the items to be paid. Note: Race and the racial composition of the neighborhood are not appraisal factors. NlltilbaltoOdC daUc : 1. One-UnkHousingTrendsOne-Unit _ I Housing � Praised (2nd IJSS% '. Location Urban X Suburban _ Rural Property Values X Increasing Stable Declinirrg PRICE AGE One -Unit 50 % Binh -Up '_'_ Over 75% X 25-75% Under 25% Demand/Supply X Shortage In Balance Over Supply $ (O00) (yrs) 2-4 Unit 5 % Growth _ Rapid X Stable Slow Marketing Time X Under 3 mths 3-6 mths ! Over 6 mths 94 Low 2 Multi -Family 5 % Neighborhood Boundaries The subject neighborhood is bounded on the North by CR 50 on the East by S 456 High 114 Commercial 10 % Parish Ave, on the South by CR 46 and on the West by CR 13. 271 Pred. 20 Other 30 % Neighborhood Description The subject is located in Fort Collins. The neighborhood offers good access to area schools, shopping, erpployment and surrounding Northern Colorado communities. The neighborhood also offers good access to recreation activities located around the subject or in the foothills of Larimer County. Market Conditions (including support for the above conclusions) See attached addenda. Dimensions See attached plat map Area 12418 sf Shape Irregular Specific Zoning Classification SF -2 Zoning Description Single Family Zoning Compliance X 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? View N;Res,_ X Yes No tf No, describe Within Public Other (describe) Public Other (describe) Off -site Improvements -Type Electricity X Water X Street Asphalt X Gas - - X Sanitary Sewer X Alley None FEMA Special Flood Hazard Area _ Yes X No FEMA Flood Zone X FEMA Map _ # 08069C141OF Are the utilities and off -site improvements typical for the market area? X Yes _ No If No, describe Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, and uses, etc.)? Public Private FEMA Map Date 12/19/2006 Yes X No If Yes, describe CeeeNtd,U„utpOon'' Foundation Units X One One with Accessory Unit Concrete Slab _ Crawl Space # of Stories 1 Type X Det. Att S--DeL/End Unit Basement Area 1 664 sq.tt X Existing _ Proposed Under Const Basement Finish 90 % Gutters & Downspouts SteelPainted/Avg Window Type Vinyl/Avg Storm SasMnsulated DoublePaned/Avg Screens Yes/Avg None Heating X FWA _ HWBB Radiant Amenities X Woodstove(s) # 1 Driveway Surface Concrete Stairs Other Fuel Gas Fireplace(s) # 0 X Fence Rear Yd X Garage # of Cars 3 X Scuttle Cooing X Central Air Conditioning X Patio/Deck Deck X Porch Concrete _ Carport # of Cars 0 Heated Individual Other _ Pool None Other None X Att. Det Buitt-in X Refrigerator X Range/Oven X Dishwasher X Disposal X Microwave X Washer/Dryer Other (describe) X Full Basement Partial Basement ExteriorDescdption ntWrbWcomMfon interior maaflYltJrwndBbn Foundation Walls Concrete/Avg Floors LmWd/Tle/Crpt/Avg Exterior Walls HB/Brick/Avg Walls PntdTxtdDw/Avg Roof Surface AsphftShingl/Avg Trim/Finish PntdHW/Avg Bath Floor Tile/Avg Bath Wainscot Tile/FbrgtsAvq Car Storage None X Driveway # of Cars 3 Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). —_. C4;Kitchen-updated-one to five years ago;flathrooms-updatedone to five years ago;The kitchen has newer laminate tile look flooring, and laminate wood in the living room. Master bath has been updated with tile flooring and shower. The subject property is in average condition with no physicaljunctional or external inadequacies noted at the time of inspection. Are there any _ — physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? Yes X No If Yes, describe Utilities appear to be on and functional at the time of inspection. The mechanical and structural systems are assumed adequate and functional. Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? X Yes No If No, describe 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-ALAMODE Kyler Knudsen File # 17 -04 - Uniform Residential Appraisal Report There are 3 comparable properties currently offered for sale in the subject neighbonood ranging in price from $ 296,500 to $ 369,900 • There are 52 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ 240,500 to $ 355,000 FEATURE SUBJECT COMPARABLE SALE # 1 I COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 1123 Country Acres Johnstown CO 80534 Dr _, 1124 Sandra Dr Johnstown, CO 80534 1222 Mountview Dr Johnstown, CO 80534 127 Pleasant Johnstown, Ave CO 80534 Proximity to Subject 0.13 miles S 0.13 miles NW 0.11 miles syy Sale Price $ s I$ 352,500 $ 328,000 $ 335,000 Sale Price/Gross Liv. Area $ sq.1t. $ 220.86 sqL js 181.02 soft 215.99 sq.ft. .; ,S Data Source(s) alliallir IRES#809774;DOM 22 IRES#807966;DOM 49 IRES#804588;DOM 39 Verification Source(s) ( ) Agent/Broker/MLS/Pub Rec Agent/Broker/MLS/Pub Rec Agent/Broker/MLIS/Pub Rec VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRPTION +(-) $ Adjustment DESCRPTION +(-) $ Adjustment Sales or Financing I Concessions ArmLth Conv;1500 -1,500 ArmLth Conv;0 ArmLth Conv;0 Date of Sale/Time _ s02/17;c01/17 s01/17;c12/16 s11/16;c10/16 +16,683 Location N;Res; N;Res; _ N;Res; N;Res; Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site 12418 sf 11458 sf 0 11338 sf 0 12311 sf 0 View N;Res; B;OpnSpc; -5,000 N;Res; N;Res; DesignjStyb) DT1;Ranch DT1;Ranch DT1;Ranch DT1;Ranch Quality of Construction Q4 Q4 Q4 Q4 Actual Age 19 17 _ 0 19 17 0 { Condition C,4 C4 C4 C4 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Balls : Total Bdrms. Baths Room Count 7 4 2.0 7 3 2.0 0 8 3 2.1 -2,500 7 3 2.0 0 Gross Living Aea 1,710 sql 1,596 sq.fl. +6,840 1,812 son, -6120 1,551 sgIt. i r +9,540 Basement & Finished Rooms Bebw Grade 1664sf1498sfin 1rrObr1.0ba0o 1489sf1489sfin 1 rr3brl .Oba0o +2,100 0 1162sf1162sfin 1rr2br1.0baOo +6,024 +7,0001 1536sf1152sfin rr2brl .ObaOo +1,536 +7,500 Functional Utility Average Ave a Average Average a Heating/Coofng GFA/AC GFA;RadHt/AC , 0 GFA/AC GFA/AC o Energy Efficient Items Standard Standard Standard Standard a- Garage/Carport 34a3dw 3�1dwa3f 2ga2dw +81. 0 3ga3dw z PorclVPatio/Deck Patio/Deck , SupPtio/Deck -5,000 Porch/SupPatio -3,000 Porch/SupPatio -31000 o Fireplace 1 FP/1 PIItStove 1 Fireplace +500,1 Fireplace +500 1 Fireplace _ +500 2 Landscaping Avg/Spkr Avg/Spkr Avg/Spkr Avg/Spkr _ _ Additional Features Several U Superior Upgds Superior Upgds 12 gds _ -10,000, -15,000. Superior Upgds -10,000 _ o Net Adjustment (Total) _ + X - $ -12,060 _ + $ - $ -5,096 X+ ^' - $ 22,759 w Adjusted Sale Price a of Comparables It Net Adj. 3,4 % Gross Adj. 8,8% $ 340.440 Net Adj. 1,8% Gross Adj. 14.7% $ 322,904 Net Adj. 6.8 % Gross Adj. 14.6 % S 357,759 I ?S did not research the sale or transfer history of the subject property and comparable sales. If not, explain _did My research _ did $ did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal Data Source(s) Regional MLS system and various county sales databases My research did X did not reveal any prior sales or transfers of the comparable sales for the year prior to the dame of sale of the comparable sale. Data Source(s) Regional MLS system and various county records databases. Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3) . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale/Transfer 11/22/2016 Price of Prior Sale/Transfer $335,000 Data Source(s) Public Records -Realtor _ Public Records -Realtor Public Records -Realtor Public Records -Realtor Effective Date of Data Source(s) 04/12/2017 04/12/2017 04/12/2017 04/12/2017 Analysis of prior sale or transfer history of the subject property and comparable sales All sales appear to be arms -length, market transactions and reflect market prices at the time of sale. Comparable 3 shows a Warranty Deed recorded on the same day the property sold to the current owner, the MLS comments state that this was a relocation sale. Summar/ of Sales Comparison Approach The selected sales offer the most recent comparable sales reflective of the subject's appeal in the current market. Most of the comparables are within a short distance of the subject. Comparables used were sold within the past 12 months, which reflects current market pricing levels. We attempted to find home sales similar in location, site size, home style, views, room count, floor plan, similar construction quality, age, and overall property appeal that comp_ared most comprehensively to the subject. Reconciliation leans towards Comparable 1 for its GLA, location, recent sale date, and lower gross adjustments and comparable 2 for its location, recent sale date, and GLA. Adjusted comparables range from $322,904 to $357,759 and reconcile towards $340,000. _ Indicated Value by Sales Comparison Approach S 340,000 Indicated Value by: Sales Comparison Approach $ 340,000 Cost Approach (if developed) $ Income Approach (if developed) $ See attached addenda z -- o re This appraisal is made $; "as is", subject to completion pe- plans and specifications on the basis of a hypothetical condition that the improvements have been z 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 o following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair The report is made _ "as is" and maintains that no hidden issues exist within the home or subsurface that would negatively impact the subject's market value. Based on a complete visual Inspection conditions, and appraiser's certification, S 340000 , as of 04/12/2017 of the Interior my (our) and exterior areas opinion of the market , which is the date of the subject value, as of inspection defined, property, defined scope of of the real property that and the effective date of work, is the this statement appraisal. subject of of assumptions and limiting this report is 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 7/3/2019 1 Per Page - Listing Report We, 60,\I "e„ 5 baczwt Rth @ARES Elementary: Middle/Jr.: High School: School District: Letford Milliken Roosevelt Weld Re -5j Lot SqFt: 11,458 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: No Approx. Acres: 0.26 Water: City of Johnstown Taxes: $1,811/2015 Zoning: SFR Water Meter lnst: Yes Well Permit #: Bedrooms: 6 Baths: 3 Rough Ins: 0 Baths Bsmt Lwr Main Upr Addl Total -Full 3/4 1 0 1/2 0 0 0 0 2 0 0 2 0 0 0 1 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M M M B B B M M M M B Length Width 14 13 12 11 11 11 16 13 11 10 21 12 12 9 19 7 15 23 13 5 18 12 Floor Carpet Carpet Carpet Carpet Wood Carpet Laminate Laminate Tile Tile Carpet IRES MLS # : 809774 PRICE: $355,000 1124 Sandra Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 Subdivision: Country Acres Legal: JOH 9CA L35 COUNTRY ACRES 9TH Total SqFt All Lvls: 3085 Basement SqFt: 1489 Total Finished SqFt: 3085 Lower Level SqFt: Finished SqFt w/o Bsmt: 1596 Main Level SqFt: 1596 U pper Level SqFt: Addl Upper Lvl: # Garage Spaces: 3 Garage Type: Attached Garage SqFt: Built: 2000 SqFt Source: Assessor records N ew Const: NO Builder: Model: N ew Const Notes: Listing Comments: Beautiful, well maintained ranch backing to open space. Main level has just been professionally painted throughout. Lovely 5 pc master bath with radiant heat flooring. Daylight basement with fireplace offers plenty of room to spread out. Backyard oasis is private and offers plenty of flagstone patio, firepit, bar, trees, privacy & views for your enjoyment and for entertaining. No HOA and move in ready! S old Date: 02/10/2017 Terms: CONV FIX Down Pmt Assist: N Concession Type: CC Points Paid/Seller: 0 Total Concession Amt: $1,500 Sold Price: $351500 DOM: 22 DTO: 3 DTS: 22 k Pwcai3% Points Paid/Buyer: 0 Property Features 3 Fncea 1/4A, 'MD Style: 1 Story/Ranch Construction: Wood/Frame, Brick/Brick Veneer Roof: Composition Roof Type: Contemporary/Modern Outdoor Features: Lawn Sprinkler System, Patio, Deck Location Description: Wooded Lot, Deciduous Trees, Level Lot, Rolling Lot, Abuts Farm Land, Within City Limits Fences: Enclosed Fenced Area, Wood Fence, Dog Run/Kennel Views: Back Range/Snow Capped, Plains View Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Full Basement, 90%+ Finished Basement, Daylight Basement HeaEing: Forced Air, Radiant Heat, Humidifier Cooling: Central Air Conditioning, Ceiling Fan Inclusions: Window Coverings, Electric Range/Oven, Self -Cleaning Oven, Double Oven, Dishwasher, Refrigerator, Microwave, Jetted Bath Tub, Laundry Tub, Garage Door Opener, Disposal, Smoke Alarm(s) Energy Features: Southern Exposure, Double Pane Windows, Set Back Thermostat Design Features: Eat -in Kitchen, Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floor Plan, Stain/Natural Trim, Walk-in Closet, Washer/Dryer Hookups, Wood Floors Master Bedroom/Bath: Luxury Features Master Bath, 5 Piece Master Bath Fireplaces: 2+ Fireplaces, Gas Fireplace, Gas Logs Included, Living Room Fireplace, Family/Recreation Room Fireplace Disabled Accessibility: Level Lot, Level Drive, Low Carpet, Main Floor Bath , Main Level Bedroom , Main Level Laundry Utilities: Natural Gas, Electric, Cable TV Available, Satellite Avail, High Speed Avail Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA LOecb nof h-7, Contact: Teresa Vendegnia Phone: 303-548-7496 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457 4800 LA: Lisa Wallace LO: Dimensions Realty & Management Prepared By. Teresa Vendegnia - Jul 3, 2019 12:52:18 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. pp C (50t -t(. ; https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports r 5 Uniform Residential Appraisal Report Kyler Knudsen File # 17-04-006N PURPOSE AND INTENDED USE OF THE APPRAISAL The purpose and intended use of this appraisal report is to estimate the "market value" of the subject property as defined in the limifin conditions made apart of this report by addendum for a Federally related mortgage loan purposes. This credible appraisal report is intended for the use by the indicated lender/client (and/or assigns) for a federally related morgage transaction only. The report is not intended for any other use. SCOPE OF THE APPRAISAL This report was made to assist in a Federally Relate Transaction and completed in accordance with Standard Rule 2.2 of the Uniform Standards of Professional Appraisal Practice is a credible appraisal report and the result of a complete appraisal analysis. The appraiser performed an interior and exterior examination of the subject prop and examined the comparable sales from the street. Data used in this opinion of value came from the MLS, public records, appraisal database owner input, area real estate professionals, and the appraiser's general knowledge of the Northern Colorado real estate market. GRAMM-LEACH-BLILEY ACT: In compliance with the Gramm -Leach -Bliley ct(GLBA) the appraiser does not disclose any nonpublic personal information about the F borrower(s) with anyone for any purpose that is not specifically permitted by law. The appraiser restricts access to non-public personal information about the borrower(s) to those employees who need to know that information in order to provideproductsand services to you. The _ __ appraiser maintains physical, electronic, and procedural safeguards that comply with federal regulations to guard the borowerfajnon-public • personal information any). DIGITAL SIGNATURE: This appraisal report contains digital signatures that meet the requirement of Statement on Appraisal Standard No. 8 LSMT-t. The software • • rograms used to transfer the report electronically provide digital signature security features for the appraiser signing the report.The appraiser that has signed (affixed by electronic signature) this report has ensured that the electronic signature is protected and the appraiser has maintained control of the signature per SMT-8 of the Uniform Standards of Professional Appraisal Practice. Electronically affixing a signature — to a report carries the same level of authentipAr and responsibility as an original ink signature onpaper copy report. 'Marketing time for the subject is estimated to be 40 days or less in this currently active market if marketed professionally at the provided market value a lip ion. 'E posure time is believed to be 40 days or less based on recent comparable sales ranging from 6 to 49 days. 'I have performed no (or the specified) services, as an appraiser or in any other capacity, regarding ttproperty that is the subject of this report within the three-yearperiod. The appraisal fee for this report is M._ COST APPROACH TO VALUE (not required by Fannie Mae) Provide adequate information for the lender/client to repicate 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) ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE =$ Source of cost data DWELLING Sq.Ft. @ $ =5 Quality rating from cost service Effective date of cost data Sq.FL @ $ _$ a Comments on Cost Approach (gross living area calculations, depreciation, etc.) _$ Garage/Carport Sq.FL @ $ =$ Total Estimate of Cost -New _$ Less Physical Functional External Depreciation =$( Depreciated Cost of Improvements =$ —_—__ "As -is' Value of Site Improvements =$ Estimated Remaining Economic Life (HUD and VA only) 50 Years INDICATED VALUE BY COST APPROACH _$ w MCOIEAPPROACH TOVALUE (Magpie byFenrdshae) Estimated Monthly Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income Approach Summary of Income Approach (Including support for market rent and GRM) . _ ,� _;PROJECT!FORMATION FOR PUD•(EapP M) Is the developer/builder In control of the Homeowners' Association (HOA)? Yes No Unit type(s) Detached Attached Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit. Legal Name of Project z Total number of phases Total number of units Total number of units sold Total number of units rented Total number of units for sale Data source(s) Was the project created by the conversion of existing building(s) Into a PUD? Yes No If Yes, date of conversion. • Does the project contain any multi -dwelling units? Yes No Data Source Are the units, common elements, and recreation facilities complete? Yes No it 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. 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 Kyler Knudsen File N 17-04-006N This report form is designed to report an appraisal of a one -unit property or a one -unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available fiood 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 unapparerl physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD -'TOTAL" appraisal software by a la mode, inc. -1-800-ALAM0DE Uniform Residential Appraisal Report Kyler Knudsen Flb 8 17-04-006N APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property In the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions fumished 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 cohditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 5 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD . °T0TAL" appraisal software by a la mode, inc. - 1-800-ALAM0DE Uniform Residential Appraisal Report Kyler Knudsen Flle# 17-04-006N 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 Name ISyler Knud- n • I Company Name DR Real Estate Advisors Company Address P.O. Box 99 Windsor, CO 80550 Telephone Number f 70) 674-1313 Email Address jay erl drmrealestate.com Date of Signature and Report 04/17/2017 Effective Date of Appraisal 04/12/2017 State Certification # CG40015863 or State License # or Other (describe) State # State CO Expiration Date of Certification or License 12/31/2018 ADDRESS OF PROPERTY APPRAISED 1123 Country Acres Dr Johnstown, CO 80534 APPRAISED VALUE OF SUBJECT PROPERTY $ 340 000 LENDER/CLIENT Name No AMC _ Company Name Century Lending Company Address 9931 Corporate Campus Drive Suite #1200, Louisville, KY 40223 Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY Did not inspect subject property Did inspect exterior of subject property from street Date of Inspection 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 Kyler Knudsen File # 17-04-006N FEATURE SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE 5 COMPARABLE SALE # 6 Address 1123 Country Acres Dr Johnstown CO 80534 Proximity to Subject Sale Price $ Sale Price/Gross Liv. Area $ Data Source(s) Verification Source(s) VALUE ADJUSTMENTS Sales or Financing Concessions Date of Sale/lime 1126 Country Acres Dr 111 King Ave Johnstown, CO 80534 Johnstown, CO 80534 0.05 miles NW 0.17 miles E 1$ 355,000 1$ 350,000 sq.ft. $ 194.84 sq.ft.' $ 177.39 sq.ft IRES#790381;DOM 15 IRES#816195;DOM 6 Agent/Broker/MLS/Pub Rec Agent/Broker/MLS/Pub Rec DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment ArmLth Listing Conv,0 s06/16�05/16 Location N1Res• NjRes; Leasehold/Fee Simple Fee Simple Fee Simple Site View Design (Style) Quality of Construction Actual Age Condition Above Grade Room Count Gross Living Area Basement & Finished Rooms Below Grade Functional Utility Heating/Cooing Energy Efficient Items Standard Standard Garage/Carport 3ga3dw 3ga3dw Porch/Patio/Deck Patio/Deck Porch/SupDeck Replace 1 FP/1 PIItStove 2 Fireplace Landscaping Additional Features Net Adjustment (Total) Adjusted Sale Price of Comparables Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 Date of Prior Sale/Transfer Price of Prior Sale/Transfer Data Source(s) Public Records -Realtor Public Records -Realtor Public Records -Realtor Effective Date of Data Source(s) 04/12/2017 04/12/2017 04/12/2017 Analysis of prior sale or transfer history of the subject property and comparable sales DESCRIPTION 12418 sf 12060 sf N;Res; NJRes_, DT1;Ranch DT1;Ranch Q4 Q4 19 19 ----------- -- C4 C4 Total Bdrms. Baths Total Banns. Baths 7 4 2.0 4 1 2.0 1,710 sq_ft. 1,822 sq.ft. 1664sf1498sfin 1797sf1797sfin 1rr0br1.0ba0o 0rr3br1.0ba0o Average Average GFA/AC GFA/AC Avg/Spkr Avg/Spkr Several Upgds Superior Upqds + x- $ Net Adj. 3.9% Gross Adj. 25.0 % $ +32,412 Active N;Res• Fee Simple 0 13200 sf N•RRes;__ DT1;Ranch 04 46 --___ +6750 C4 Total Banns. Baths +5000 7 3 2.0 0 -6,720 1,973 sq.fL_15780 -1,596 1973sf1653sfin -3,708 -6 500 2rr3br0.1ba10 -3,500 Average--__---- GFA/AC Standard 3ga3dw -10000 Patio/SupDeck -2,500 4,500 2 Fireplace -1 500 -25,000 Inferior Upgds +10 000 -13,904 + X - $ __— -1O 238 + __ Net Adj. 2.9 % Net Adj. 341,096 Gross Adj. 12.5 % $ 339,762 Gross Adj. % $ sq.ft. DESCRIPTION +(-) $ Adjustment Total Bdrms. Baths sq.ft. Analysis/Comments 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 Subject Photo Page Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State co Zlp Code 80534 Lender Century Lending Subject Front 1123 Country Acres Dr Sales Price Gross Living Area 1,710 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 2.0 Location N;Res; View N;Res; Site 12418 sf Quality Q4 Age 19 Subject Rear Subject Street Form PICPIX.SR - °T0TAL° appraisal software by a la mode, inc. - 1-800-ALAM0DE Subject Photo Page Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State Co Zip Code 80534 Lender Century Lending Subject East Side 1123 Country Acres Dr Sales Price Gross Living Area 1,710 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 2.0 Location N;Res; View N;Res; Site 12418 sf Quality Q4 Age 19 Subject West Side Subject Street North Form PICPIX.SR -'TOTAL° appraisal software by a la mode, inc.-1-B00-ALAMODE Interior Photos Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State Co Zip Code 80534 Lender Century Lending Kitchen Dining Room Living Room Garage Smoke Detector Bedroom Bedroom Bedroom Bathroom Master Bedroom Master Bathroom Utility Basement Rec room Basement Rec Room Form PICINT15 - 'TOTAL" appraisal software by a la mode, inc. - 1-800-ALAM0DE Interior Photos Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr _ City Johnstown County Weld State CO Zip Code 80534 Lender Century Lending Laundry Basement Room/No Closet Basement Bathroom Basement Storage Carbon Monoxide Detector 10X12 Shed Form PICINT15 -'TOTAL" appraisal software by a la mode, inc. - 1-800-ALAM0DE Comparable Photo Page Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State CO ➢p Code 80534 Lender Century Lending Comparable1 1124 Sandra Dr Prox. to Subject 0.13 miles S Sale Price 352,500 Gross Living Area 1596 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.0 Location N;Res; View B;OpnSpc; Site 11458 sf Quality Q4 Age 17 Comparable2 1222 Mountview Dr Prox. to Subject 0.13 miles NW Sale Price 328,000 Gross Living Area 1,812 Total Rooms 8 Total Bedrooms 3 Total Bathrooms 2.1 Location N;Res; View N;Res; Site 11338 sf Quality Q4 Age 19 Comparable3 127 Pleasant Ave Prox. to Subject 0.11 miles SW Sale Price 335,000 Gross Living Area 1,551 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.0 Location N;Res; View N;Res; Site 12311 sf Quality Q4 Age 17 Form PICPIX.CR -'TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page Borrower/Client Dan Rohleder Properly Address 1123 Country Acres Dr Clty Johnstown County Weld State CO Zip Code 80534 Lender Century Lending Comparable4 1126 Country Acres Dr Pros. to Subject 0.05 miles NW Sale Price 355,000 Gross Living Area 1,822 Total Rooms 4 Total Bedrooms 1 Total Bathrooms 2.0 Location N;Res; View N;Res; Site 12060 sf Quality Q4 Age 19 Comparable5 111 King Ave Prot to Subject 0.17 miles E Sale Price 350,000 Gross Living Area 1,973 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.0 Location N;Res; View N;Res; Site 13200 sf Quality Q4 Age 46 Comparable 6 Prot to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Form PICPCGCR -'TOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Supplemental Addendum File No. 17-04-006N Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown Lender Century Lending County Weld State co Zip Code 80534 • URAR: Neighborhood - Market Conditions The current national economy is in a full recovery from the recent great recession. The Fed -Funds rate increased in November 2016 and is anticipated to increase several times through 2017. Current lending is fairly robust with rates staying close to historical lows. Recent job reports reveal improvement to the nation economy with Northern Colorado staying well ahead of the national curve with the local unemployment rate bouncing around 3.5%. Residential markets throughout Northern Colorado continue to have difficulty in keeping pace with demand and median prices have increased by double digits over the past 12 to 18 months in several communities. Some concerns that could slow growth and cool the overheated market are the loss of oil and gas jobs, slowing of construction and some international trade issues that may hamper exports. The area is accessible to commuters via CO 56, which will allow quick access to Northern Colorado communities as well as connecting with Interstate 25 which provides easy access to the Denver Metro area. Currently, the area is attractive to median income families. Homes vary in size, construction, quality, lot size, views, and distance to amenities and employers. Employment stability is considered good as residents in this area commute to surrounding communities. Expansion of several large local employers will help boost employment in the region. Currently property values for this sector are considered to be appreciating somewhat aggressively and . considerable adjustments for time depending on date of sale. Typical financing is CNV, VA, and FHA in the are. of 3.98° , with a seller paying minimal to no points. Typical DOM for area is around 36 and ASP to ALP is approx. 100%. • URAR: Sales Comparison Analysis - Summary of Sales Comparison Approach The selected sales offer the most recent comparable sales reflective of the subject's appeal in the current market. All sales closed within the last twelve months. which reflects current market pricing levels. I attempted to find home sales similar in home style, site size/view, room count, floor plan, age, and overall property appeal that compared to the subject most comprehensively. Comparable 1 is a ranch style home that was selected for its similar GLA, lot size, age, sale date, basement, and three car garage. Adjustments were made for less GLA, smaller basement, no pellet stove, a superior patio with flagstone and stamped concrete patio with a fore pit. Additionally this property backs to private open space, and has superior upgrades including tile in the living room, and a larger master bath with tile. Comparable 2 is a ranch style home that was selected for its similar GLA, lot size, recent sale date, age, basement, and two car garage. Adjustments were made for one additional half bath, additional GLA, no pellet stove, smaller basement, one less garage stall, a superior patio with a bar and a second outdoor seating area constructed out of concrete pavers. Comparable 3 is a ranch style home that was selected for its similar GLA, lot size, basement, and three car garage. Adjustments were made for an older date of sale, less GLA, smaller basement, no pellet stove, a superior stone and concrete patio, and superior upgrades. Superior upgrades include quartz countertops and stainless steel appliances in the kitchen and a larger master bath. Comparable 4 is a ranch style home that was selected for its similar GLA, lot size, close proximity to the subject , age, basement, and three car garage. Adjustments were made for an older date of sale, 1 additional fireplace and no pellet stove, only one bedroom above grade which equates to some level of functional obsolescence, additional finished basement space, superior deck with brick supports and Trek decking. This property also has one additional fireplace and no pellet stove. This property also has superior upgrades with built in cabinets and shelving, tile floors, high ceilings, upgraded cabinets and solid surface countertops. Comparable 5 is a ranch style home that is currently an active listing. This property was selected for its similar GLA, lot size, location, basement, and three car garage. Adjustments were made for the older age, additional GLA, larger basement, superior deck, one additional fireplace, no pellet stove, and inferior upgrades. Inferior upgrades include dated finishes throughout the home including cabinets, kitchen appliances, tile and other fixtures . The property value is above the predominate value for the neighborhood, but this in not a concern as the value is in line with other properties in the same development. Most applied adjustments are within mortgage market guidelines of 10% line/15% net and 25% gross adjustments. Thus, the subject's value is thought to offer good support for it's probable price in this market. Comparable sales 3 and 4 are over 6 months old, but were included because of their close proximity to they subject, with similar design features and within the same development. The adjustment based on a 10% increase in values over the past 12 months. Please see the attached graph on the following page. This shows an increase from January 2016 to January 2017 of around 12%, but we went with a more conservative 10% as data ranges from 8% to 12%. **Present Land Use % Other represents surrounding open space and farmland. Note: Nathan Kimple provided assistance in this report regarding neighborhood analysis, subject and comp data research and analysis, interior/exterior property inspection, sales comparison and other appropriate valuation approaches and reconciliation. •Comments Regarding the Appraisal Observation Process Form TADD -`T0TAL° appraisal software by a la mode, inc. - 1-800-ALAM0DE Supplemental Addendum File No. 17-04-006N Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown County Weld State Co Zip Code 80534 Lender Century Lending This appraisal is not a home inspection and the appraiser is not acting as a home inspector when preparing the report. The borrower has the right to have the home inspected by a professional home inspector and/or building contractor. When performing the observation of this property, the appraiser visually observed areas that were readily accessible. The appraiser is not required to disturb or move anything that obstructs access or visibility. The appraisal observation does not offer warranties or guarantees of any kind. The appraiser does not offer warranties on the condition of the furnace, wiring, roof shingles, plumbing, water heater, or any other mechanicals or items hidden within walls or under floors. • URAR: Reconciliation - Reconciliation and Final Value Conclusion The Sales Comparison Approach to value is considered to be the most reliable indicator of the subject property's market value and is given full consideration. Due to the similar nature of the comparable properties in the Country Acres neighborhood, the analyzed sales provide the best representation of the current market's reactions to similar type properties. The Cost Approach is not considered applicable due to the age of the subject and difficulty in establishing a reliable figure for accrued depreciation, so no weight is given to this approach. The Income Approach typically has merit when some income is generated from the property's lease or rental, but in this case has been omitted as the neighborhood is primarily owner -occupied, with high owner satisfaction. In reconciling all three approaches to value the Sales Comparison Approach is deemed to produce the most credible results. Form TADD - 'TOTAL' appraisal software by a la mode, inc. - 1-800-ALAM0DE Market Conditions Addendum to the A raisal Re ort KY-er Knudsen pp p Fig No. �na_nnant 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 April 1, 2009. Property Address 1123 Country Acres Dr City Johnstown State CO ZIP Code 80534 Borrower Dan Rohleder bhsWctions: 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 t is available and ref able and must provide analysis as indicated below. If any required data is unavailable or is considered unreliable, the appraiser must provide an explanation. t is recognized that not all data sources will be able to provide data for the shaded areas below; if t 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 t as an average. Sales and listings must be properties that compete with the subject property, 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. bwentooAnalyals Pnor 7-12 Months Pnor 4-6 Months Current —3 Months Overall Trend Total # of Comparable Sales (Settled) 27 15 10 Increasing X Stable Deckling Absorption Rate (Total Sales/Months) 4.50 5.00 3.33 Increasing $ Stable Deckling Total # of Comparable Active Listings 8 7 3 X Declining • Q Stable ❑ homey Months of Housing Supply (Total Listings/Ab.Rate) 1.8 1.4 0.9 X Seething 0 Stable Li Increasing Median Sete &ListMee, DO%Sals/LLt% Pnor 7-12 Months Prior 4-6 Months Current -3 Months Overall Trend Median Comparable Sale Price $290,000 $294,500 $315,000 X Increasing _ Stable Deckling Median Comparable Sales Days on Market 46 45 50 Declining X Stable Increasing en Median Comparable List Price $296,250 $315,000 $350,000 X ktcreasbq [I Stable 0 DecWig > Median Comparable Listings Days on Market 51.5 58 6 X Declining 0 Stable . ❑ bictsasIng Median Sale Price as % of List Price 100 100 100 Increasing $ Stable Declining ,e Seller -(developer, builder, etc.)paid financial assistance prevalent? Yes X No = Declining $ Stable _ Increasing IL) 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, dosing costs, condo a fees, options, etc.). The IRES MLS indicates there were 52 closed sales during the past 12 months and 12 of those sales contained seller concessions which is 23% of the total transactions in this market area. Prior Months 7-12: 27 Sales; 8 with concessions; 30% of sales for this re period. 4-6: 15 Sales; 3 with concessions; 20% of sales for thisperiod. 0-3: 10 Sales, 1 with concessions; 10% of sales for this period. The Yconcessions ranged between 500 and 5,000. The median concession amount is $2,500. m Are foreclosure sales (REO sales a factor in the market? _ Yes X No If yes, y REO/Short explain (including the trends in listings and sales of foreclosed properties). The data used in the grid above does not indicate there were a reporting field for sales or other distressed properties associated with the reported transactions. However, this is not a mandatory agents and there may be some distressed sales that were not reportd. 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. Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form. If you used any an analysis of pending sales and/or expired and withdrawn listings, to formulate your conclusions, provide both an explanation and support additional information, such as for your conclusions. but we continue to look to Market Conditions data sample is limited, but the data does appear adjustments as the to support an expanding to stable market, larger trend data to establish appreciation real estate market in the Johnstown area continues to appreciate in valu year over year. 'A median DOM cannot be calculated for active listings within a date ranre. - 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 Deckling Absorption Rate (Total Sales/Months) Increasing , Stable Decining Total # of Active Comparable Listings ❑ Decently ❑ Stable ❑ Increasing' Months of Unit Supply (Total Listings/Ab.Rate) ❑ Declining ❑ Stable ❑ Increasing N Are foreclosure sales (RED sales) a factor in the projects u foreclosed properties. Yes No t yes, indicate the number of REO listings and explain the trends in listings and sales of w 0 O C a O--_--- —_.. _._— ---_- U O 0 uSummarize the above trends and address the impact on the subject unit and project. T if iv, Signature 4. 14.°4-1-4-4---' Signature Supervisory Appraiser Name cc Appraiser Noose Ky r udsen, MAI g Company Name DRM cal Estate Advisors Company Name Company Address P.O. Box 99, Windsor , CO 80550 Company Address a State License/Certification # CG40015863 __— State CO State License/Certification # State Email Address Email Address kyler@drmrealestate.com radon Mac Form 71 Marc age h o Fannie Mae Form 1004MC March 2009 Form 1004MC2 -'TOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Building Sketch Borrower/Client Dan Rohleder Property Address 1123 Country Acres Dr City Johnstown Lender Century Lending County Weld State co Zip Code 80534 TOTAL Satoh by a B mode, Inc Basement 39.74' 14.5' Rec Room Utility 25' ti Storage 1 - Laundry Bedroom 5.24' 22' Area Calculations Summary lo Bath 16' 14.5 Uvhig Anew First Floor Total Living Area (Rounded): Non -Wing be 3 Car Atladred 1709.93 Sq ft 1710 Sq R 758 Sq ft Basement 1663.54 Sq ft Calculation Details 0.5 x 2.12 x 2.12 = 2.25 0.5 x 2.12 x 2.12 = 2.25 6 x 2.12 = 12.73 5 x 2 = 10 0.5 x 2.12 x 2.12 = 2.25 0.5 x 2.12x 212 = 2.25 6x 2.12 = 12.73 23 x 25 575 14.5 x 11 159.5 29.24 x 15 = 438.64 22 x 16.24 = 357.34 11.5 x 10 = 115 4 x 5 = 20 23 x 22 506 12 x 21 252 23x25 575 14.5 x 11 159.5 29.24 x 15 = 438.64 22 x 16 = 352 11.74x10 = 117.43 5.24 x 4 = 20.97 Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 7/3/2019 1 Per Page - Listing Report Elementary: Middle/Jr.: High School: School District: Letford Milliken Roosevelt Weld Re -5j Lot SqFt: 11,600 Elec: Xcel Gas: Xcel PIN: Waterfront: No Water Rights: No HOA: No Approx. Acres: 0.27 Water: City of Johnstown Taxes: $1,678/2016 Zoning: re Water Meter Inst: Yes Well Permit #: Bedrooms: 3 Baths: 3 Rough Ins: 0 Baths Full 3/4 1/2 Bsmt Lwr Main Upr Addl Total 0 0 2 0 0 2 0 0 1 0 0 1 0 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level Length Width M 14 15 M 10 12 M 10 11 M M M M Floor Carpet Carpet Carpet en IMP 12 13 Carpet 23 13 20 13 8 15 Wood Vinyl Carpet O NO IRES MLS # : 820832 PRICE: $325,000 118 King Ave, Johnstown 80534 RESIDENTIAL -DETACHED / ATD SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 S ubdivision: Country Acres 5th Fg Legal: JOH 5CA-3 L3 COUNTRY ACRES 5TH FILING Total SqFt All Lvls: 3290 Basement SqFt: 1156 Total Finished SqFt: 2134 Lower Level SqFt: Finished SqFt w/o Bsmt: 2134 Main Level SqFt: 2134 U pper Level SqFt: Addl Upper Lvl: # Garage Spaces: Garage Type: Attached Garage SqFt: Built: 1992 N ew Const: No Builder: Model: N ew Const Notes: 2 614 SqFt Source: Assessor records Listing Comments: Nice family home. Minutes to 1-25 & downtown Johnstown. Beautiful front courtyard welcomes you home to the open concept living, kitchen & dining room's. Fireplace in living room Eat in kitchen that walks out to the very large back patio and yard. Kitchen is perfect for family gatherings. Main floor laundry just off kitchen. Master has it's own door to back yard with a large 5 piece master suite. Downstairs is unfinished for your own designs. All appliances stay. Won't last, schedule your showing Sold Date: 0T12/2017 Terms: FHA FIX Down Pmt Assist: N Concession Type: None Sold Price: $325,000 DOM: 14 DTO: 4 DTS: 53 Property Features Style: 1 Story/Ranch Construction: Wood/Frame Roof: Composition Roof Type: Contemporary/Modern Outdoor Features: Lawn Sprinkler System, Balcony Location Description: Wooded Lot, Evergreen Trees, Level Lot, House/Lot Faces E, Within City Limits Fences: Enclosed Fenced Area, Chain Link Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks, Street Light Road Access: City Street Road Surface At Property Line: Blacktop Road Basement/Foundation: Partial Basement Heating: Humidifier Cocling: Central Air Conditioning, Ceiling Fan Inclusions: Window Coverings, Gas Range/Oven, Self -Cleaning Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Laundry Tub, Disposal, Smoke Alarm(s) Energy Features: Storm Window Design Features: Eat - in Kitchen, Separate Dining Room, Cathedral/Vaulted Ceilings, Open Floor Plan, Pantry, Walk-in Closet, Washer/Dryer Hookups, Skylights. Wood Floors, Kitchen Island Master Bedroom/Bath: 5 Piece Master Bath Fireplaces: Gas Fireplace, Gas Logs Included, Living Room Fireplace Disabled Accessibility: Main Floor Bath , Main Level Bedroom , Stall Shower, Main Level Laundry Utilities: Natural Gas, Electric, Cable TV Available, Satellite Avail, High Speed Avail Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA Contact: Teresa Vendegnia Phone: 303-548-7496 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Patty Johnson LO: Harmony Brokers Prepared By: Teresa Vendegnia - Jul 3, 2019 12:52:18 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. 1.Jt idez nod- hart https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 1/5 7/3/2019 1 Per Page - Listing Report Elementary: Middle/Jr.: High School: School District: Letford Milliken Roosevelt Weld Re -5j Lot SqFt: 10,454 Approx. Acres: 0.24 Elec: Gas: PIN: Waterfront: No Water Rights: No HOA: No Water: Town of Johnstown Taxes: $1,667/2017 Zoning: SF Water Meter lnst: Yes Well Permit #: Bedrooms: 3 Baths: 2 Rough Ins: 1 Baths Full 3/4 1/2 Bsmt 0 0 0 Lwr Main Upr Addl Total 0 1 0 0 1 0 1 0 0 1 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M M B M M M M Length Width 15 12 16 13 also 15 9 22 16 12 10 OS 10 MEI 15 7 16 Floor Laminate Laminate Laminate Vinyl Laminate 12 12 Laminate IRES MLS # : 846405 PRICE: $339,900 1110 Country Acres Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown Area/SubArea: 10/30 Subdivision: Country Acres Legal: JOH 6CA-6 L6 COUNTRY ACRES 6TH FILING County: Weld Total SqFt All Lvls: 3360 Basement SqFt: 1680 Total Finished SqFt: 1852 Lower Level SqFt: Finished SqFt w/o Bsmt: 1680 Main Level SqFt: 1680 U pper Level SqFt: Addl Upper Lvi: # Garage Spaces: Garage Type: Attached Garage SqFt: Built: 1996 N ew Const: No Builder: Model: N ew Const Notes: 2 552 SqFt Source: Assessor records Listing Comments: No HOA! No HOA! No HOA! This captivating home features an open floor plan and a master bedroom with an attached study/sitting room! The kitchen area features new LG appliances! Bring your ideas to finish this large walk up walk out garden level basement. Enjoy summer nights out on the new southwest facing deck (composite w/ redwood rail)! Summer 2017 also brought new exterior paint, a new roof, and new central air conditioning. S old Date: 04/25/2018 Terms: CASH Down Pmt Assist: N Concession Type: None Sold Price: $339,900 DOM: 17 DTO: 3 DTS: 17 Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Brick/Brick Veneer Roof: Composition Roof Outdoor Features: Lawn Sprinkler System, Deck Fences: Wood Fence Lot Improvements: Street Paved, Curbs, Gutters, Sidewalks Road Access: City Street Road Surface At Property Line: Gravel Road Basement/Foundation: Full Basement Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Window Coverings, Electric Range/Oven, Gas Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Microwave, Trash Compactor, Smoke Alarm(s) Design Features: Separate Dining Room, CathedralNaulted Ceilings, Open Floor Plan, Pantry, Walk-in Closet Master Bedroom/Bath: 5 Piece Master Bath Fireplaces: Gas Fireplace Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Mineral/Water Rights: Mineral Rights Included Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA Contact: Teresa Vendegnia Phone: 303-548-7496 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Kelly Calabrese LO: HomeSmart Rlty Grp of CO Prepared By: Teresa Vendegnia - Jul 3, 2019 12:52:18 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. we ncf ftk? https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 2/5 7/3/2019 1 Per Page - Listing Report Elementary: Middle/Jr.: High School: School District: Pioneer Ridge Milliken Roosevelt Weld Re -5j Lot SqFt: 9,986 Elec: Gas: PIN: Waterfront: No Water Rights: No HOA: No Approx. Acres: 0.23 Water: Town of Johnstown Taxes: $1,538/2016 Zoning: SFR Water Meter lnst: Yes Well Permit #: Bedrooms: 6 . Baths: 3 Rough Ins: 0 Baths Bsmt Lwr Main Upr Addl Total Full 1 0 2 0 0 3 3/4 0 0 0 0 0 0 1/2 0 0 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level Length Width M 0 0 M M B B B M 0 B 0 M Floor Carpet Carpet Carpet Carpet Carpet Carpet 0 Laminate 0 Laminate Laminate IRES MLS # : 834160 PRICE: $350,000 1119 Sandra Dr, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 S ubdivision: Country Acres Legal: JOH 9CA L7 COUNTRY ACRES 9TH Total SqFt All Lvls: 3060 Basement SqFt: 1523 Total Finished SqFt: 3060 Lower Level SqFt: Finished SqFt w/o Bsmt: 1537 Main Level SqFt: 1537 U pper Level SqFt: # Garage Spaces: Garage SqFt: Built: 1999 N ew Const: No Builder: N ew Const Notes: Addl Upper Lvl: 2 Garage Type: Attached SqFt Source: Prior Appraisal Model: Listing Comments: Better than new! Perfectly remodeled Ranch home w/ N O HOA and RV parking! High End Stainless appliances including a trash compactor, Butcher Block counter tops, built in book shelves, finished basement, Iarce storage shed, perfectly maintained fenced yard including built in fire pit and flagstone walk Finishes include 6 beds, 3 baths, a huge pantry with plenty of storage, barn doors, new flooring and paint. This home sits on a near 10,000 sq foot lot! Designer fixtures finish off this dream home S old Date: 11/16/2017 Terms: VA FIX Down Pmt Assist: N Concession Type: CC P oints Paid/Seller: 4900 Total Concession Amt: $4,900 Sold Price: S359,900 DOM: 42 DTO: 4 DTS: 42 Points Paid/Buyer: 0 Property Features Style: 1 Story/Ranch Construction: Wood/Frame, Wood Siding Roof: Composition Roof Outdoor Features: Storage Buildings, Patio, RV/Boat Parking Fences: Enclosed Fenced Area, Wood Fence Basement/Foundation: Full Basement, 90%+ Finished Basement Heating: Forced Air Cooling: Central Air Conditioning Inclusions: Electric Range/Oven, Double Oven, Dishwasher, Refrigerator, Microwave, Trash Compactor, Disposal, Smoke Alarm(s) Design Features: Eat -in Kitchen, Cathedral/Vaulted Ceilings, Open Floor Plan, Pantry, Walk-in Closet, Washer/Dryer Hookups, Kitchen Island Master Bedroom/Bath: Full Master Bath,..5 Piece Master Bath Fireplaces: Gas Fireplace Disabled Accessibility: No Stairs, Main Floor Bath , Main Level Bedroom Main Level Laundry Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA Contact: Teresa Vendegnia Phone: 303-548-7496 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Kevin Shaw LO: Keller Williams -Preferred Rlty Prepared By: Teresa Vendegnia - Jul 3, 2019 12:52:18 PM Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2019, IRES LLC. All rights reserved. cLie dc_) (1c).1- hw https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 4/5 7/3/2019 1 Per Page - Listing Report tfr\t 3 onAa31.D Elementary: Middle/Jr.: High School: School District: Letford Milliken Roosevelt Weld Re -5j Lot SqFt: 12,245 Elec: Gas: PIN: Waterfront: No Water Rights: No HOA: No Bedrooms: 4 Baths Full 3/4 1/2 Approx. Acres: 0.28 Water: Public Taxes: $1,232/2016 Zoning: SFR Water Meter Inst: Yes Well Permit #: Baths: 4 Rough Ins: 0 Bsmt Lwr Main Upr Addl Total 1 0 0 0 0 0 2 0 0 3 1 0 0 1 0 0 0 0 All Bedrooms Conform: Yes Rooms Master Bd Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Dining room Family room Great room Kitchen Laundry Living room Rec room Study/Office Level M oft M M Length Width Floor 0 0 Laminate IMO O NO 0 0 Laminate 0 0 Laminate IRES MLS # : 838684 PRICE: $380,000 1113 Country Acres Ct, Johnstown 80534 RESIDENTIAL -DETACHED SOLD Locale: Johnstown County: Weld Area/SubArea: 10/30 S ubdivision: Country Acres Legal: JOH 8CA-15 L15 COUNTRY ACRES 8TH FILING Total SqFt All Lvls: 3518 Basement SqFt: 1758 Total Finished SqFt: 3518 Lower Level SqFt: Finished SqFt, w/o Bsmt: 1760 Main Level SqFt: 1760 U pper Level SqFt: Addl Upper Lvl: # Garage Spaces: Garage SqFt: Built: 1998 N ew Const: No Builder: N ew Const Notes: 2 Garage Type: Attached SqFt Source: Assessor records Model: Listing Comments: Absolutely beautiful walk out ranch with finished basement. Mother in law apartment set up in basement with separate access. Granite counter tops and wood floors. Deck off dining room and master suite. This one won't last long. All appliances (except washer and dryer) are included upstairs and down. Cut -de -sac large lot, window coverings.BACK ON THE MARKET through no fault of SELLER!!!! 2nd chance to own this amazing property. S old Date: 02/27/2018 Terms: CONV FIX Down Pmt Assist: N Concession Type: None Sold Price: $380,000 DOM: 33 DTO: 33 DTS: 61 Property Features Style: 1 Story/Ranch Construction: Wood/Frame Roof: Composition Roof Location Description: Cul-De-Sac Basement/Foundation: Full Basement Heating: Forced Air Cooling: Central Air Conditioning, Whole House Fan Inclusions: Window Coverings, Gas Range/Oven, Dishwasher, Refrigerator, Microwave, Disposal, Smoke Alarm(s) Energy Features: Southern Exposure Design Features: CathedralNaulted Ceilings, Open Floor Plan, Washer/Dryer Hookups, Wood Floors Master Bedroom/Bath: Tub+Shower Master Fireplaces: 2+ Fireplaces Utilities: Natural Gas, Electric Water/Sewer: City Water, City Sewer Ownership: Private Owner Possession: Delivery of Deed Property Disclosures: Seller's Property Disclosure Flood Plain: Minimal Risk Possible Usage: Single Family New Financing/Lending: Cash, Conventional, FHA, VA Exclusions - Washer and dryer all Sellers personal property Contact: Teresa Vendegnia Phone: 303-548-7496 Mobile: - Email: remaxnorthwestinc@gmail.com Office: RE/MAX Northwest Phone: 303-457-4800 LA: Cindy Waltemath LO: Turn Key Homes Prepared By: Teresa Vendegnia - Jul 3, 2019 12:52:18 PM Information deemed reliable but not guaranteed. 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All rights reserved. - kat., https://www.iresis.com/MLS/Search/index.cfm?Action=LaunchReports 5/5 Northern Colorado home price increases expected to cool lan 24 2©C g -9NzpigOAr- J\cLf2-d) 0 gr, 441414 ,ry�`•p-'C ,��,aysir t ."--r , rt��j�'�i yes-�1:f,1J�S��C j�+ +tLli ,f .�a �`�Q '*" a;a. l4 '..,a:t i4A( "y ' vs*r . s ' `f�'A`1 "�`4i''a"w`^s 'a Jenny Sparks / Loveland Reporter -Herald A roofing crew works Dec 6, 2017, on a home under construction on Echo Lake Drivle in The Lakes at Centerra subdivision in east Loveland By CRAIG YOUNG I cyoung@reporter-herald corn I Loveland Reporter -Herald January 24, 2018 at 9 01 pm In a real estate market that has been red-hot for years, a little bit of cooling is a good thing, Brandon Wells, president of The Group Real Estate, said Wednesday night That "healthy stabilization" is one of the top stones to watch in Northern Colorado's economic and real estate news, Wells told the crowd that gathered at Embassy Suites Loveland for the company's annual market forecast event Showing statistics for the annual sales price appreciation in attached and detached homes in the Fort Collins -Loveland market, Wells pointed out increases ranging from 7 9 percent to 12 1 percent in the past five years ADVERTISING d4 Home price increases still are well over the region's 39 -year average of 5.25 percent, e said, but they slowed from 2015's 12.1 percent increase to 10.27 percent in 2016 and 8.43 percent last year. "I think were going to see that trend continue as we come into this year," he said. "A very robust market, but actually something that I think is very advantageous for our market as a whole is to cool off a little bit, or stabilize." Another big factor in Northern Colorado's economy is a strong employment picture, he said. At the end of 2016, 180,038 people had jobs in Larimer County, for a 2.3 percent unemployment rate. By December 2017, the county had 194,081 jobs and a 2.5 percent jobless rate. In Weld County, the numbers were similar: 148,164 jobs in December 2016 and 2.6 percent unemployment, and 155,084 people employed at the end of last year and 2.7 percent unemployment. Over the past year, the two counties added 20,963 jobs, he said. Those new jobs accounted for 39 percent of all jobs added in the entire state. 'We are really driving the state's economy with job growth in our area," Wells said. Wells acknowledged that the U.S. economy goes through cycles every eight to 12 years, with the latest drop starting about a decade ago with the Great Recession. But with the strong job growth and interest rates that are predicted to rise only to 4.5 percent by the end of the year, he said he doesn't see a recession coming soon. "For the next 12 to 18 months, I'd say our economy is looking strong. We have to look at many different variables," he said. Northern Colorado will continue to see constrained housing supplies, especially at the lower price levels, he said, and prices that will continue to rise, if more slowly. Using statistics that include both detached single-family homes and attached housing such as townhomes and condominiums, Wells laid out the average prices for a variety of submarkets in the area. Loveland saw a 9 percent increase in the average price of homes over the past year, from $344,178 in 2016 to $376,169. That number is lower than last year's average for only detached single-family homes, which was reported at $411,672 during last week's Windermere Real Estate market forecast event. Wells said he believes it's important to include condos and townhomes in the average price statistics because that's where first-time homebuyers are going to come into the market. In Fort Collins, the average price of attached and detached homes was $400,139 last year, more than a 6 percent increase from the 2016 average of $376,125, he said. Wells gave a few more averages for 2017: • Berthoud: $400,751 • Windsor/Severance: $434,232 • Greeley/Evans: $277,869 • Timnath: $620,108 • Wellington: $316,907 • Ault, Eaton, Johnstown, Milliken, Kersey, La Salle and Mead: $345,842. Craig Young: 970-635-3634, cyoung@reporter-herald. com, www.twittercom/CraigYoungRH. July 22, 2019 Petitioner: ROHLEDER DANIEL G 1123 COUNTRY ACRES DR JOHNSTOWN, CO 80534-8471 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 2019-2805, AS0103 Appeal 2008224598 Hearing 7/26/2019 1:00 PM Account(s) Appealed: R6858197 Dear Petitioner(s): The Weld County Board ofEqualization has setadate ofJuly 26, 2019, atorabout the hour ofl :00 PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have aright toattend this hearing and present evidence insupport ofyour petition. The Weld County Assessor orhis designee will be present. The Board will make itsdecision onthe basis of the record made atthe aforementioned hearing, as well as your petition, so itwould be inyour interest tohave arepresentative present. Ifyou plan tobe represented byanagent oranattorney atyour hearing, prior tothe hearing you shall provide, inwriting tothe Clerk tothe Board's Office, an authorization forthe agent orattorney torepresent you.Ifyou donotchoose toattend this hearing, adecision will still bemade bythe Board bythe close ofbusiness onAugust 5,2019, and mailed to you within five (5) business days. Because ofthe volume ofcases before the Board ofEqualization, most cases shall belimited to10 minutes. Also due tovolume, cases cannot be rescheduled Itisimperative that you provide evidence tosupport your position. This may include evidence that similar homes inyour area are valued less than yours oryou are being assessed onimprovements you donothave.Please note : The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. Ifyou wish todiscuss your value with the Assessor's Office, please call them at(970) 400-3650. If you wish toobtain thedata supporting theAssessor's valuation ofyour property, please submit a written request tcassessor@weldgov.com. Upon receipt oVourwritten request, theAssessor will notify you ofthe estimated cost ofproviding such information. Payment must bemade prior tothe Assessor providing such information, aWhich timetheAssessor willmake thedataavailable within three (3) working days, subject to any confidentiality requirements. Please advise me ifyou decide not to keep your appointment as scheduled. Ifyou need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Danes, Assessor July 26, 2019 Petitioner: ROHLEDER DANIEL G 1123 COUNTRY ACRES DR JOHNSTOWN, CO 80534-8471 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 2019-2805, AS0103 Appeal 2008224598 Hearing 8/1/2019 1:30 PM Account(s) Appealed: R6858197 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 1, 2019, at or about the hour of 1:00 PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2019, and mailed to you within five (5) business days. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to discuss your value with the Assessor's Office, please call them at (970) 400-3650. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request to assessor@weldgov.com. Upon receipt ofyourwritten request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. Please advise me if you decide not to keep your appointment as scheduled. If you 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