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Home My WebLink About20192814.tiffAugust 6, 2019 Petitioner: LEONARD STEPHEN DANIEL 17464 COUNTY ROAD 15 PLATTEVILLE, CO 80651-9415 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 2019-2814 Appeal 2008224566 Hearing 8/5/2019 Dear Petitioner: On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and acting as the Board of Equalization, pursuant to C.R.S. §39-8-101 et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2019. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R2144303 Stipulated - Approved Stipulated Value $664,900 $525,000 A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30) days of the date the denial is mailed to you. You must select only one of the following three (3) options for appeal: 1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate court. All appeals to the Board of Assessment Appeals filed after August 10, 2019, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2019, in addition to any other requirements under law, any petitioner appealing either a valuation of rent -producing commercial real property to the Board of Assessment Appeals pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall provide to the County Board of Equalization or to the Board of County Commissioners of the County in the case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable: (A) Actual annual rental income for two full years including the base year for the relevant property tax year; (B) Tenant reimbursements for two full years including the base year for the relevant property tax year; (C) Itemized expenses for two full years including the base year for the relevant property tax year; and (D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for two full years including the base year for the relevant property tax year. (II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within ninety days after the appeal has been filed with the Board of Assessment Appeals. (b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's request, the following information: (A) All of the underlying data used by the county in calculating the value of the subject property that is being appealed, including the capitalization rate for such property; and (B) The names of any commercially available and copyrighted publications used in calculating the value of the subject property. (II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b) shall redact all confidential information contained therein. (c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for noncompliance with such order. The motion may be made directly by the County Attorney and shall be accompanied by a certification that the County Assessor or the County Board of Equalization has in good faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c) and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders in regard to the noncompliance as are just and reasonable under the circumstances, including an order dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest shall resume as of the date the contested information has been provided by the taxpayer. Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to you. The address and telephone number of the Board of Assessment Appeals are: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone Number: (303) 864-7710 Email: baa@state.co.us Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent must pay a fee of $101.25 per appeal. OR 2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the District Court of the county wherein your property is located: in this case that is Weld County District Court. A hearing before The District Court will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado appellate review and C.R.S. §24-4-106(9), govern the process. OR 3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this option, the arbitrator's decision is final and you have no further right to appeal your current valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following: a. Select an Arbitrator: You must notify the Board of Equalization that you will pursue arbitration. You and the Board of Equalization will select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located (i.e. Weld) will select the arbitrator. b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records documents and other evidence pertaining to the value of the property. The arbitrator also has the authority to administer oaths, and determine all questions of law and fact presented to him. The arbitration hearing may be confidential and closed to the public if you and the Board of Equalization agree. The arbitrator's decision must be delivered personally or by registered mail within ten (10) days of the arbitration hearing. c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the Board of Equalization. In the case of residential real property, the fess may not exceed $150.00 per case. For cases other than residential real property, the arbitrator's total fees and expenses are agreed to by you and Board of Equalization, but are paid by the parties as ordered by the arbitrator. If you have questions concerning the above information, please call me at (970) 400-4226. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R2144303 STIPULATION (As To Tax Year 2019 RE PETITION OF : NAME: ADDRESS: Stephen Leonard Actual Value) 17464 County Road 15 Platteville, CO 80651 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2019 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner (s) and Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: PT SW4 5-3-67 LOT A REC EXEMPT RE -3374 EXC UPRR RES (.32R) 2. The subject property is classified as Residential property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2019 : Total $664,900 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2019 actual value for the subject property: Total $525,000 5. The valuation, as established above, shall be binding only with respect to tax year2019 6. Brief narrative as to why the reduction was made: Additional review of sales. 7. Both parties agree that: [71The hearing scheduled before the Board of Equalization on 07/25/2019 at 1:00 PM be vacated. nA hearing has not yet been scheduled before the Board of Equalization. 1 Ootct^OEsty ASo 103 DATED this 24 day of July 2019 Stephenicn 9) Petitioner(s) or Agent or Attorney Address: 17464 County Road 15 Platteville, Co 80651 (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone: 9703977306 Telephone:(970) 336-7235 Docket Number R2144303 Stip-1.Frm County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 2 R2144303/Leonard Final Audit Report 2019-07-25 Created: 2019-07-24 By: Debra Jakino (djakino@co.weld.co.us) Status: Signed Transaction ID: CBJCHBCAABAAi4yOQKaPkaTCOyhvzcx40yuugwHJOpCs "R2144303/Leonard" History Document created by Debra Jakino (djakino@co.weld.co.us) 2019-07-24 - 10:21:32 PM GMT- IP address: 204.133.39.9 Document emailed to Debra Jakino (djakino@co.weld.co.us) for approval 2019-07-24 - 10:21:33 PM GMT C) Document approved by Debra Jakino (djakino@co.weld.co.us) Approval Date: 2019-07-24 - 10:21:39 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Colleen Kentfield (ckentfield@co.weld.co.us) for approval 2019-07-24 - 10:21:40 PM GMT t Email viewed by Colleen Kentfield (ckentfield@co.weld.co.us) 2019-07-24 - 10:22:09 PM GMT- IP address: 204.133.39.9 Gee Document approved by Colleen Kentfield (ckentfield@co.weld.co.us) Approval Date: 2019-07-24 - 10:24:10 PM GMT - Time Source: server- IP address: 204.133.39.9 P+. Document emailed to jmarini@weldgov.com for signature 2019-07-24 - 10:24:11 PM GMT t Email viewed by jmarini@weldgov.com 2019-07-24 - 10:35:59 PM GMT- IP address: 204.133.39.9 j Document signing delegated to Jason Marini (jmarini@co.weld.co.us) by jmarini@weldgov.com 2019-07-24 - 10:36:13 PM GMT- IP address: 204.133.39.9 • Document e -signed by Jason Marini (jmarini@co.weld.co.us) Signature Date: 2019-07-24 - 10:36:25 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Stephen Leonard (leonardtrucking@live.com) for signature 2019-07-24 - 10:36:25 PM GMT Adobe Sign Email viewed by Stephen Leonard (leonardtrucking@live.com) 2019-07-24 - 11:01:24 PM GMT- IP address: 174.209.29.18 Goo Document e -signed by Stephen Leonard (leonardtrucking@live.com) Signature Date: 2019-07-25 - 0:39:11 AM GMT - Time Source: server- IP address: 64.93.114.150 E+ Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-25 - 0:39:12 AM GMT Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-25 - 0:58:58 AM GMT- IP address: 204.133.39.9 Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-25 - 2:27:29 AM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to Jason Marini (jmarini@co.weld.co.us), Stephen Leonard (leonardtrucking@live.com), Debra Jakino (djakino@co.weld.co.us), jmarini@weldgov.com, and 3 more 2019-07-25 - 2:27:29 AM GMT Adobe Sign NOTICE OF DETERMINATION RECEIVED Brenda Dones Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 JUL 1 2 2019 WELD COUNTY COMMISSIONERS Date of Notice: 6/25/2019 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT NO. TAX 7 YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R2144303 2019 2275 PT SW4 XC UPRR 5-3-67 RES (.32R) LOT A REC EXEMPT RE -3374 E LEONARD STEPHEN DANIEL 17464 COUNTY ROAD 15 17464 COUNTY ROAD 15 WELD PROPERTY Oli PLATTEVILLE, CO 80651-9415 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE REVIEW PRIOR TO ACTUAL VALUE REVIEW AFTER RESIDENTIAL 701,741 664,900 TOTAL 701,741 664,900 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: AL02 - The actual valuation of your property has been adjusted based on new information. This may be information you have supplied, corrections of characteristics or additional sales. 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 R2144303 2019-2814 ASoto3 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 specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) 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, origins! installed cost, appraisal, etc.) Qi;c (Vet eg RAI 3 Ncioi -A9tig 9470, ' 1 015e cC,1 C -R La Os Apt *TA .,s em isi3L —i AiRy /5 1t e T! / Ve furs -9ATTESTATION v ni V__critteiu �s I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein an ;on an - t-chments herejo ark true and complete. 920 eV? Pse‘ 7e7 a/5 atu re Telephone Number Date Axis. �5i16Z e Email Address 1 Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/13 R2144303 July 10, 2019 Stephen D Leonard 17464 Weld County Rd 15 Platteville, CO 80651 Weld County Board of Equalization P O Box 758 1150 O Street Greeley, Colorado 80631 Re 2019 Real Property Valuation Stephen Daniel Leonard Account # 2144303 Dear Sir/Madam This communication is submitted to continue my appeal of the Weld County Assessor's 2019 Real Property Notice of Valuation for the above referenced account The new value assessed, $664,900, reflects a market value increase of approximately 46 4% for the period 6/30/2016 to 6/30/2018 Attached is a copy (partial) of the professional "Appraisal of Real Property" as of 03/09/2016 This appraisal was required for the purpose of refinancing my mortgage The document reflects a market value of $400,000 Also attached are photos that reflect, in my opinion, the negative impact of oil/gas structures and the dairy farm with regard to my real property value Additionally, I submit that there have been no improvements to home, land or other buildings on my property since the professional appraisal of 03/09/2016 or during the new County appraisal period 06/30/2016 to 06/30/2018 The dairy farm did not exist when I purchased this property I cannot emphasize enough the impact the dairy has had on the enjoyment of myself and family with regard to our home/property The dairy has thousands of cows, is nasty, most days smells awful and the flies are beyond a real nuisance Truck traffic has significantly increased Oil and gas development continue to expand in my immediate area In closing I would estimate my property value to be $525,000 as of June 30, 2018 Respectfully Submitted, Stephen D Leonard LOCATED AT 17464 County Road 15 Platteville, CO 80651 PT W2NW4 4-4-65 LOT A REC EXEMPT RE -1691 (2.53R.92D) FOR Wells Fargo Bank, N.A. CD - 0161961 Floyd Sanders Sanders Residential Appraisal 1632 Caddoa Drive Loveland, CO 80538 9704619214 ChrisSndrs6@rosn.com Sanders Residential Appraisal Uniform Residential Appraisal Report Fee# The purpose of this summary appraisal report is to preside the lender/client wdh an accurate and adequaley supported opinion of the madot value of the subject property Property address 17464 County Road 15 Cfiy Platteville State CO npCade 80851 Borrower Stephen Leonard Owner ofPumtcRecord Stephen Leonard County Weld LegalDescdption PT W2NW44-4-65 LOT A REC EXEMPT RE -1691 (2 53R 92D) Assessor's Parcel # 120905300025 Tax Year 2015 R t Tares $ 2,077 Neighborhood Name Weld County Map Reference 24540 ems Tract 0018 00 Occupant _e Owner ❑ Tenant ❑ Vacant Special Assessments 0 ❑ PUD HOAS 0 II per year ❑ per month Popery Rights Appraised iiv Fee Simple I Leasehold ❑ Other (describe) Assignment Type Purchase Transaction ® Refinance Transaction • Other Lender/Ctent Wells Fargo Bank, NA CD - 0161981 Address , Des Moines, IA 50309 Is the subect property comity offered for sale or has It been offered for sate In the twelve months prior to the effecthre date of this appraisal? ❑ Yes ® No Report data sousce(s) used offedrg price(s), and date(s) MLS/Owner I ■ dil IOW not analyze the contract for sale for the subject purchase transaction Eiatlaln the results of the analysis of the contact for sale or why the analysis was not performed CordractPrice $ Date of COllthe ISthe pmperyselerthe ownerofpubrrorecord? ❑Yes Il No DataSouree(s) !Mere any Mandel assistance (ban charges site concessions gift or downpaymert assistance etc ) to be pail by any party on behalf of the borrower? ur If Yes repot the total dollar amount and describe the Items to be paid Yes ON Note Noon orai the nodal composition of the neighborhood ore not eppraisolfustoro. Rural 3;*'«*'••was.::::: Location 1. Urban I Suburban ® Property Values II Increasing :i Stable I Dectnmg PRICE AGE One- elt 80 % Bolt -Up I Over75% I 25-75% ® Under25% Demand/Supply I Shortage ► I In Balance I Over Supply 5(000) (yrs) 2-4Urdt 5 % ^,Growth • Rapid ►,k Stable In Slow Meriting lime 1. Under 3rn s ►tea 3-6mths I Over 6mitts 300 low 0 MuhEPamlly 5 % ( Neighborhood Bamdarles The subiect is bounded by County Road 20 on the south, on the north by 625 High 125 Commercial 5 % 1 Highway 392, by Highway 25 to the west, by County Road 53 to the east 400 Prey 110 Other 5 % Neighborhood Desarpbon The subiect is located in Weld County near the town of Platteville All comparables in the market area are similar size/age and quality homes with similar features The subject can aerncs shopping, schools, employment and amenities by County Road 41 There is e ood arrncc to the subiect via County Road 50 The 5% vacant land is for building sites Mortal Condttbis (Indudlrg support for the above concislois) The marketing time conditions are 3-8 months in the current market The local market values are currently showing an increase in the subrects market at this time. Interest rates in the +/- 6% range are in the market currently FHA, ".w VA and conventional loans are currently available in the market umersiors 466'x468'x466'x468' Area 4 68 ac Shape Rectangular New N, Res, Spectllc Zoning Classification SFR Zoning Description Residential Zoning Compliance ►ie Legal I Legal Nonconforming (Grandfalhered Use) ❑ No Zoning ❑ Mega! (describe) Is the Mghest and hest use of subject property as Improved (or as proposed per plans and specifictons) the present use? ® Yes D No It No describe �...' USTdba Pubfle Other (describe) Public eta (6esertbe) OR-eboIprovenents-Type Mao Pteete Decbidy ►.1 III Water ►:e ❑ Stied Gravel ►:1 ■ Gas • PROPANE SanrtaeYSew • X INDIV-SPTC SY AOeY None • IN FEMA Special Flood Hazard Area ❑ Yes ►To No FEMA Flood Zone X FEMA Map # 08123C1905E FEMA Map Date 01/20/2016 Are the utilities and off -site improvements typical for the rant area? ►.:i Yes ❑ No B No, describe Are there any adverse site condtbns or (Memel factors (easements encroachments, environmental conditions land uses, etc )7 I Yes ® No ifYes, describe Septic systems are common for large site size properties in the subiect area This presents no marketing difficulty Public sewer system is not near the subiect for available hook up to the subject „ :,.. g.r .,, .' ' - ,�fx-a I _ raraea��ii' �nr�.ra•a Unbts ►lv One Ott with Accessory Unit Concrete Slab i�v Crawl Space Foundation - • - s o� Floors et Gd ale/CpeUGd # of Stories 2 WO Basement ❑ Partial Basement `,D • - Walls rywalUGd Type 171 Dot mitt ii S-DetjtndUnit Basement/ma 0 sgft a Tdrryilnish Wood/Stain/Gd ►:4 EdsUng II Proposed ❑ Under Coast Basement Finish 0 %Gutters 8 Downspouts , Bah NorTile/Gd Design PO) 2Story 0 Outside Euhy/Owt ❑ Sump Pump Modena Type s . - . Bath Welescot Tile/Gd Year Bud 1910 Evidence of I Infestation germ Sash/Insulated Yes/Gd Car Swage U None Effective Age (Ys) 20 0 Dampness ❑ Settlement Sneers Unknown/Gd N Driveway # of Cars 2 Alto U None Healing U FWA Li MN I❑ Radiant Amenities UWoodstove(s)# 0 DrivewaySrface Gravel I] Drop Stair I Stairs ►I.4 Other EBB 'Fuel Electric ® Fireplace(s) # 1 k.:1 Fence Wire ►:I Garage # of Cars 2 ❑ Roar �.4 Saage Cooling ►�i CeNrslAVConditioning ❑ Pele/Deck None :i Perth Covered • Carport #otcars 0 1r ❑ Finished ❑ Heated ❑ Individual l►�.' Other C fans ❑ Pool None ❑ Other None ❑ Att i Oet. ❑ BuiHn Appllaocea ll Refrigerator i.:v Range/Oven ® Dishwasher ►14 Disposal ►:i Microwave ❑ Washer/Dryer II Other (describe) Finished area above grade contains 10 Rooms 4 Bedrooms 3 0 Baths) 2,968 Square Feet of Gross LMng Area Above Grade r Additional features (special energy efficient terns etc ) The subject is a 2story style home with EBB heating, Double pane winds, no basement, oversize 2 car detached garage with detached 40'x64' shop and loafing shed and corrals Describe the condition of the property (Including needed repairs, deterioration renovations, remodeling, etc) C4,KGtchen-updated-six to ten years ago,Bathrooms-updated-six to ten years ago,The subiect is in C4 recent updates condition Hardwood floonng, tile, carpeting, kitchen and baths, counter tops, cabinetry, appliances, updated in the prior 15 years Are there any physical deficiencies or adverse conditions that affect the Livability, soundness, orsWctullIntegrhyofthe queerly? Ill Yes ►,14 No If Yes, describe Duos the properly generally conform to the neighborhood (functional dilly style condition use censbucton, etc.)? ► e 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 Uniform Residential Appraisal Report mo# AREL0316LEON There are 6 comparable properties currently offered for sale In the subject neighborhood ranging in pdce from $ 304,200 mS 498,500 There ale 20 comparable sales In the subject neighborhood within the past twelve months ranging in sale price from E 300,000 tot 625,000 FEATURE I SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE 02 COMPARABLE SALE # 3 Address17464 County Road 15 Platteville, CO 80651 8098 County Road 14 Fort Lupton, CO 80621 7282 County Road 21 Fort Lupton, CO 80621 9701 County Road 24 Fort Lupton, CO 80621 Froodmny to subject 11 32 miles SW W 9 41 miles SW 6 00 miles SW Sale Price S Refinance. " a E 405,000 ° � 8 370,000 E 385 000 Sate Price/Gross Llv Area E 13477 silt $ 496 32 sgft .,... , a ' E 169 72 silt laiiiiib' ` $ 175 00 sgft . w' set. Datasource(s) MLS #768083,DOM 91 MLS #2011392,DOM 169 MLS #765442,DOM 98 Verification Source(s) " Weld County Records Weld County Records Weld County Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +( ) E Adjusfinerd DESCRIPTION +( ) S Adjustment DESCRIPTION +( ) $ Adjusbment Sales or Financing Concessions z, . ArmLth Conv,5000 ArmLth Conv,0 ArmLth Conv,0 0 Data ofSale/rime g ,r.> s09/15,Unk -5,000 s09/15,Unk s09/15,Unk Lin N,Res, N,Res, N,Res, N,Res, Leasehotd/FeeStnpie Fee Simple Fee Simple Fee Simple Fee Simple sa C�. 4 68 ac 4 0 ac 0 2 88 ac +3,600 9 78 ac -10,100 Vlew N, Res, N, Res, N,Res, N,Res, Desgn(to°) DT2,2Story DT1,Ranch 0 DT1,Ranch 0DT1,Ranch 0 Quality ofconstruction 04 Q4 Q4 04 Actual Age 106 102 097 036 0 Condition C4 C4 C4 C3 -5,000 Above Grade .' Room Count .., Gross lltngArea Total Barns Baths Total Bdrnts Baths Total Mims Baths Total Bdrms Baths 10 4 3 0 5 2 1 0 +8,000 6 4 2 0 +4,000 8 4 3 0 0 2,968 sgft 816 soft +43,000 2,180 sift +15,800 2,200 stilt +15,400 Basement & Finished T Rooms Bebw Grade r.• 0sf 0sf 0sf osf Functional Average Average Average Average Healing/Cooling EBB/C-air GFA/None 0 GFA/C-air -2,000 GHW/None 0 ', Enemy Efficient barns Dble Pn Wnds Dble Pn Wnds Dble Pn Wnds Dble Pn Wnds ° Garage/Carport E 2gd2dw 4qa2dw -7,000 5qd2dw -10 500 2qa2dw 0 < . PomryPaec/Deck Porch/Patio Porch/Patio Pch/Patio/Deck 0 Porch/Patio ;it. Freplace)Wood stove 1 Fireplace None +2,000 1 Fireplace 2 Fireplace -2,000 Landscape Average Average Average Average ro.Outbuildings Sho./shd/corls Bam/arena 0 None +20,000 Bam/arena 0 u. Net Ad)usbnerd(Total) I. :1 + O - $ 41,000 + • $ 30,900 • + '1.4 t -1,700 Adjusted Sale Price'. • of Comparables • ' Net Ad) 101% Gross Adj 16 0 % S 446,000 Net Adj 8 4% Gross Adj 151% $ 400,900 Net Adj 0 4% Gross AO 84% $ 383,300 'W I 1,e did U did net research the sale or transfer history of the subject property and comparable sales it rot, explain My research MN _i did not reveal arty prior sales or transfers of the subject property for the three years prior to the effectleo data of this appraisal DataSowce(s) MLS/WeldCounty Records My research adld 1:e did not reveal any prior sales ortransfers of the comparable sales forte year prior to the date of sale of the comparable sale ‘ DataSeurce(s) MLS/Weld County Records ! Report the resulle of the research and analysis of the prior sale or hatsfer 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 Dale of Prior Sate/Transfer Price of Prior Sale/Transfer Datascurce(s) Weld County Records Weld County Records Weld County Records Weld County Records Effective Date of Data Source(s) 03/09/2016 03/09/2016 03/09/2016 03/09/2016 Analysts of prior sale orbs sferhistory of the subject property and comparable sales No sale/transfer was found for the subiect in the MLS/county records in the poor 36 months No sale/transfer was found in the MLS/county records in the prior 12 months for the comparables No sale/transfer was found for the listings in MLS/county reords in the prior 12 months •-M th Summary at Sales Comparison Approach The 4th and 1st quarters are the slowest months for sales in the subject market area due to winter season - Difference in style and bedroom count is taken care of in the GLA adjustment as GLA is considered most important in the estimate of value These were the best available comparable sales with similar rural locations and large site size found to be current in the MLS system in the subjects market area, thus it may be necessary and appropnate to use comparables divergent in age, size, location, different large site sizes and adjust Adjustments guidelines, line 10%, net 15%, gross 25%, may be exceeded due to lack of sales in the subjects market area of similar style, size, age, site size properties with similar features of no basement and outbuildings It may be necessary to use comparables on similar site sizes, over 6 months in sales date, over 1 mile in distance and adjust Due to subjects complete updating/remodel only comparables 3 and 4 were adjusted for condition(age) as compared to the subject Comparables 1,2,5 and 6 were also updated similar to the subiect Indicated Make by Sates Comparison Approach E 400,000 Indicated VatuebySEAS Comparison Approach S 400,00o CostAPF mdero )S 400,171 income Approach ffdeveloped) S 0 Comparable # 1 and 2 were used to estimate value as it was felt to be most similar in qualrty, style, age, location and amenities to the subject o. This appraisal is made r•: as Is, O subject to completion per plans and speclhcatlons on the basis of a hypothetical candltlon that the Improvements have been ' completed, subject to the following repairs or aheradors on the basis of a hypothetical condition that the repairs or alteratlors have been completed, or ❑ subject to the w. faiowing required inspection based on the aMaerdba / assumption that the condition or deficiency does not require alteration or repair This appraisal report is made as '' is There are no conditions to this appraisal report. Based on a complete visual Inspection of the Intoner and offirior areas of the subject property, defined ecopo of work, statement of assumptions and limiting r conditions, end appraiser% cortl&aB°n, my (our) opinion of the market veto, ea defined, of the real property that Is the subject of this report is $ 400,000 .nsof 03/09/2016 I , mush ie the dam of Inspection end the effective dale of this epprals&L Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 2of6 Fannie Mae Form 1004 March 2005 Uniform Residential Appraisal Report �a AREL0316LEON ` The unifrom Appraisal Dataset (UAD) mandates classification of property charactensitics (for the subject and comparables) using a standard ' : response and rating system The UAD is not flexible and employs a "best fit methodology" (from limited choices) as opposed to user defined terms In some cases, the appraiser's rating from the UAD list may conflict with another's opinion of the same attribute If required, the appraiser " completed the report to comply with the UAD while considenng the observed charactenstics of the subject and comparables and factored those into the value reconciliation s ..• The utilities, electricity, gas and water were on and operating at the time of the inspection - . The kitchen and bath were fully installed and fully functioning dunng the inspection :. I have performed no services, as an appraiser or m any other capacity, regarding the property that is the subject of this report within the ' ` three-year penod immediately preceding the acceptance of this assignment .. A reasonable exposure time for the subject property developed independently from the stated marketing time is 350 days - - Adjustments Adjustments under $1.000 were not taken No similar large size comparables on similar large site size was found to have sold in the poor 12 months in the market area, thus comparables smaller in size were used and adjusted Drops are not grown on the subjects site, It is a k horse hobby property .' 1 Bath GLA, Garage, Fireplace 08 2, Stte, Bath, GLA, Heating, Garage, Outbuildings 'Q 3 Slte, Condltion(age), GLA S: 4, Condltion(age), Bath, GLA, 9/ a, Fireplace '-5 5 LS% Site, Bath, GIA, Heating 6 LS% Bath, GLA Basement, Basement finish Garage. Fireplace Baths were adjusted at $4,000 full. $2,000 half '- GLA was adjusted at $20 per sf variance Basement was adjusted at $10 per sf of variance Finished Basement sf adjusted at $10 per sf of variance Site size was adjusted r $2,000 per ac of site size vari®nce to the subject Sanders Residential Appraisal fee for this appraisal report is $295 00 Reis Valuation Colorado Reglstration/License No AMC20131058 I Provide a trejsalu bdonnaton torthe lender/ctentto repute the below cost figures end rrlalatioro • Support forlhe opNfon of sir value (su merry of compambte land sales orother melt oils for estimating site value) MLS/County reords of similar site sales and listings r. ESTIMATED•R�RODUCiIONOR ® REPLACFMLNTCOSTNEW OPINONOFSITEVALUE $ 160000 '.1:',,sauce of costdata Builders and market OW3LING 2 968 Sf Ft ®$ 100 00 =$ 296,800 c: a amy mttng 1mm cost sevlue N/A Ethxtive date of cost data N/A 0 Sg Ft @ $ $ t Cammen6 on Cost Approach (grass NMg a ea calalslio ur, depreclatlon, elu ) OUt uildmas 20,000 .. The cost approach was computed based on replacement cost Builders G�9edCarPod 672 li Q $ 20 00 13440 and local market data was used for the cost estimates FHA does not Total Estimate of Oost•New $ 330 240 require the cost approiaCh to be completed This cost estimate was not Less Pnysial�� completed for insurance replacement cost The site value to cost is Dep on 110 069 I 4( 110 069) 40% which is typical for the subjects market for similar large site size Oep eclatod cost of Improvemerds 220171 ., properties Due to outside measurement and rounding the GLA may be Value of Silu Impmverrmrms 20,000 15% +/-the county records Eemated Reenabrhg Ecrmomt Life (HUD and VA enty) 40 Years 1 DDICATm vALuesY cosrAPPRoacx �$ 400 171 R sekP'^_,. .f... .i I., .t's..s2w•`}•-•. 3, 4�; .o Estimated Madly Madiet Herd $ 0 X Gmss Red Multiplier 0 = $ 0 Indicated Value by Income Approach �; Summary of income Approach (Including support for market rent and GAM) The income approach wasconsideredbut was not applcable to this report. fat,•.. @ iTil .dkn.`,"`1n.4-&,'z.S.— i'1^«4,. .v. i.,'.' iRFL,I. i. Unittype(s) Detached sa '",`a.c ... �+t6ts a ', Is the developer/bulder In control of the Homeowners Association (H0A)? Yes No • Attached ' , Provide Me fofewuig Information for PUDs ONLY If the developer/bulider Is In control of the HOA and the subject properly Is an attached dwelling unit .. Legal Name of Meet ;. Tohl number of phases Total number of units Total number of units sold o: Total number of units mined Total number of units for safe Data source(s) r .5• Was the project created by the conversion of Dieting bulidug(s) He a PUD? O Yes No If Yes date of conve:slen :or Does the project contain any muh4dwelengunits? O Yes No Data Source :is: Are the units common elements, and recreation facgdles complete? n Yes (] No N No, describe the states of completion ' • Am the common elements leased to or by the Home:wets' Association? Yes El No If Yes, describe the moral terms and options - , Dgm@e common elements and reaeationai fates. «f Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 3 of 6 Fannie Mae Farm 1004 March 2005 Uniform Residential Appraisal Report Fagg AREL0316LEON 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) Ras 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 statement of assumptions and limiting use, intended user, definition of market expand the scope of work to include assignment Modifications or deletions to not constitute material alterations to this continuing education or membership in following scope of work, intended use, intended user, definition of market value, conditions and certifications Modifications additions or deletions to the Intended value, or assumptions and limiting conditions are not permitted The appraiser may any additional research or analysis necessary based on the complexity of this appraisal the certifications are also not pemiitted However, additional certifications that do appraisal report, such as those required by law or those related to the appraiser's 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 corparable 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 Implied 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 do®ar 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 appraisers judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDIITONS The appraisers 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 Mil 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 appraisers determination of its size 3 The appraiser has examined the available flood maps that are (or other data sources) and has noted in this appraisal report whether Identified Special Rood Hazard Area. Because the appraiser is not a implied, regarding this determination provided by the Federal Emergency Management Agency any portion of the subject site Is located In an surveyor, he or she makes no guarantors, express or 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 riot 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 Fuddle Mac Form 70 March 2005 UAD Version 9/2011 Page 4 of 6 Fannie Mae Form 1004 March 2005 Uniform Residential Appraisal Report Fait? AREL0316LEON 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 pnor 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 locatlonally, 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, 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 Smiting conditions in this appraisal report. 17 I have no present or prospective interest in the property that Is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction I did not base, either partially or completely, my analysis and/or opinion of market value In this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law 18 My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application) 19 I personally prepared all conclusions arid opinions about the real estate that were set forth in this appraisal report If I retied 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 rndividuai(s) and disclosed the specific tasks performed in this appraisal report I certify that any Individual so named is qualified to perform the tasks I have not ,authonzed anyone to make a change to any 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/diem 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 5of6 Fannie Mae Form 1004 March 2005 f Uniform Residential Appraisal Report mss# AREL0316LEON 21. The lender/client may disclose or distribute this borrower; the mortgagee or its successors and secondary market participants; data collection or agency, or instrumentality of the United States; and obtain the appraisers or supervisory appraisers (if report may be disclosed or distributed to any other relations, news, sales, or other media). appraisal report to: the borrower, another lender at the request of the assigns; mortgage insurers; government sponsored enterprises; other reporting services; professional appraisal organizations; any department, any state, the District of Columbia, or other jurisdictions; without having to applicable) consent. Such consent must be obtained before this appraisal party (including, but not limited to, the public through advertising, public 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 appraisers analysis, opinions, statements, conclusions, and the appraisers certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraisers 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 Floyd Company Name Company Address Telephone Number Email Address Floyd C Sanders Sanders Residential Appraisal 1632 Caddoa Drive Loveland, CO 80538 9704619214 ChrisSndrs6Amsn.com Date of Signature and Report Effective Date of Appraisal State Certification # or State License # or Other (describe) State Co 03/1 0/201 6 03/09/2016 CR40023106 State # Expiration Date of Certification or License ADDRESS OF PROPERTY APPRAISED 17464 County Road 15 Platteville, CO 80651 APPRAISED VALUE OF SUBJECT PROPERTY $ LENDER/CLIENT Name Rels Valuation 12/31/2017 400,000 Company Name Company Address Email Address Wells Fargo Bank, N.A. CD - 0161961 Des Moines, IA 50309 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 r 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 r 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 7-11?�9 S &lact-ccSt A/c fhict4/171547t4g C-- Pftk1SPes 1 (Le c a. j''w,c' Qtc3 ;APNes apkIct oceAAmbo cco0 `}- ciA:R c0u)S 'a 4t441. Sit ]I •t l�,t J\{a ,+ i.F ,r.^7 ,� `•• • Y. 1f \�. •, .. • ,-i L, •I t�,',;r.' .'i �/ ; ••au • �' y .' • Z (1.. ''r I �� . (� !'�� r •� 1 1 . ,"• 1 i . .l ` , '(` ,'/•r1 • •t if: T 74D-ig C4Qrvlcc≥cQ 4/c 1#1V\I 443a3 alv.sx alas +re s�Fl �� cte�-�'.��, (IA 4.4 r�«Dd c1 t�� sTa The gees July 22, 2019 Petitioner: LEONARD STEPHEN DANIEL 17464 COUNTY ROAD 15 PLATTEVILLE, CO 80651-9415 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 2019-2814, AS0103 Appeal 2008224566 Hearing 7/25/2019 1:00 PM Account(s) Appealed: R2144303 Dear Petitioner(s): The Weld County Board ofEqualization has setadate ofJuly 25, 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 ofappeaL Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. Ifyou wish todiscuss your value with the Assessor's Office, please call them at(970) 400-3650. If you wish toobtain thedata supporting theAssessor's valuation ofyour property, please submit a written request tcassessor@weldgov.com. Upon receipt oVourwritten request, theAssessor will notify you ofthe estimated cost ofproviding such information. Payment must bemade prior tothe Assessor providing such information, aWhich timetheAssessor willmake thedataavailable within three (3) working days, subject to any confidentiality requirements. Please advise me ifyou decide not to keep your appointment as scheduled. Ifyou need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Danes, Assessor Hello