HomeMy WebLinkAbout20172342.tiffAugust 15, 2017
CLERK TO THE BOARD
PHONE (970) 336-7215, EXT 4226
FAX (970) 352-0242
WEBSITE: www.co.weld.co.us
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
CHANSLER ROBERT C
14116 COUNTY ROAD 7
MEAD, CO 80542-9612
Account No.: R0029693
Dear Petitioner(s):
Based upon information furnished to the Weld County Board of Equalization, we understand that
you have withdrawn the petition challenging the valuation of the above Account number. Please
be informed that a withdrawn petition precludes any further challenge to the valuation of the above
Account number for this assessment period. Therefore, the Board of Equalization took no action
on your petition and the assessed value remains as set by the Assessor.
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Clerk to the Board
Weld County Board of County Commissioners
cc: Christopher Woodruff, Assessor
2017-2342
AS0097
From: Contact Weld
To: Esther Gesick
Subject: FW: Withdraw of appeal for R0029693
Date: Monday, July 24, 2017 10:11:23 AM
Thank you,
Cri4twt StepheAu-
HRR Office Technician III
Human Resources
1150 O Street
Greeley CO 80631
970-400-4238
Confidentiality Notice: This electronic transmission and any attached documents or other
writings are intended only for the person or entity to which it is addressed and may contain
information that is privileged, confidential or otherwise protected from disclosure. If you
have received this communication in error, please immediately notify sender by return e-
mail and destroy the communication. Any disclosure, copying, distribution or the taking of
any action concerning the contents of this communication or any attachments by anyone
other than the named recipient is strictly prohibited.
From: Bob.Chansler@ricoh-usa.com [mailto:Bob.Chansler@ricoh-usa.com]
Sent: Monday, July 24, 2017 10:10 AM
To: Contact Weld <contactweld@co.weld.co.us>
Cc: bobchansler@yahoo.com
Subject: Withdraw of appeal for R0029693
I wish to withdraw my appeal for the appraisal of my property at :
14116 Weld County Road 7
Mead, CO 80542
R0029693
Thank you,
I have personal email at bobchansler(a�yahoo.com
RICOH
Bob Chansler
Software Developrncnt
Phone; 720.663,3408
@:mail: bob.chanslerPricoh-usa.com
infoorint,corn
Ricoh Production Print Solutions, LLC
BLDG 004
63'J0 Diagonal Highway
13oulacr, CO 80301.
NOTICE OF DETERMINATION
Christopher M. Woodruff
Weld County Assessor
1400 N 17th Ave
Greeley, CO 80631
R0029693
CHANSLER ROBERT C
14116 COUNTY ROAD 7
MEAD, CO 80542-9612
2017 5521
RESIDENTIAL
720,221 6502985
Date of Notice: 6/30/2017
Telephone: (970) 400-3650
Fax: (970) 304-6433
Office Hours: 6:00AM — 5:00PM
M
MEA WE -T1 TRACT 1 WEINGARDT EST
14116 COUNTY ROAD 7
MEAD , CO
ASS.
RECEIVED
JUL 1 4 2017
WELD COUNTY
COMMISSIONERS
T AL NtALUEETo ACTUAL V
$720,221 I $650,985
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:
- 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 ASS
The deadline for filing real property appeals is July15.
a.
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):
16-DPT-AR
PR 207-08/13
R0029693
2017-2342
County Board of Equalization Hearings will be held from
July 24th through August 4th at 1160 0 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
1 150 0 Street, P.O. Box 758
Greeley, CO 80631
Telephone: (970) 356-4000 ext, 4225
Online: http://www.co.weeld.co.us/apps/oboe/
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), D.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 A meals District Court
1313 Sherman Street, Room 315 Contact the District Court in the County
Denver, CO 80203 where the property is located. See your
(303) 866-5880 local telephone book for the address and
www.dola_colorado.gov/boa telephone number.
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization.
f 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.
.
What is your estimate of the property's value as of June 30, 2016? (Your opinion of value in terms of a
specific dollar amount is required for real property pursuant to § 39-8-406(1.5), C.R.S.)
6-4n/cO
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 ost, appraisal, etc.) •
_
adtit ict- .
az,o4
r
a-teier.1_51--
I, the undersigned owner or agents of the property identified above, affirm that the statements contained herein
and on any attachments hereto are true and complete.
A,icirgateThial
Signature
,theriere Aga&
Email Address
97‘0 -s-3s-agd�
Telephone Number
r
1 Attach letter of authorization signed by property owner.
2r -be -etc/ 7
Date
16-DPTi -AFB
PR 207-08/13
R0029693
Borrower
Property Address
City
Lender/client
Robert Chanster
14116 County Road 7
Mead
Premier Meters Credit Union
County Weid
File No. W306716
State CO
Zip Code 80542
Services invoice
Sumrnaiy of Salient Features
LISPAP Identification
URAB
Additional Comparables 4-5
Additional Listings 1-3
Malt Conditions Addendum to the Appraisal Report
Fbdd m
Location Map
Comparable Sales Map
Listings Map Nw_
Building Sketch .
Subject Photos
Subject Photos
Subject Photos !Medlar
Subject Photos Interior
Subject Photos Interior
Subject Pbotos Interior ...
Sul eC1 Photos tAteribr
Corrcarable Photos 1-3
Comparable Photos 4-6
Ustings Photos 1.3
UAD Definitions AdOen[um
Credentials
e
TABLE OF CONTENTS
404.r
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114
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4.004
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17
18
19
20
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a_•04K lbliRk Hl Hif/iifUf@i+i'„"„e!
.-
1,NPR,U„++e,
OVI_I
Form TOCNP - "TOTAL' appraisal software by a la mode, inc. -1- ALAMOOE
PPPPPPP
INNNNie! N,! „M„•
SUMMARY OF SALIENT FEATURES
Address
IAA OesuiPton
'
- -Ir
County
State
Tip Code
Census Tract
MAP Reference
14118 County Road 7
Trade 1, Weingardt Estates
Mead
Weld
CO
80542
0021.03
STR 22 3N 68W
p
Sate tie
0Me of She
$
Wider/awl
Robert Crane'
Premier Members Credit Union
=
Size Owe
Pry per Square Fri
Mara
Abe
Condibod
Total s
Bedrooms
Efts
2,188
$
N;Res;
44
C3
9
4
3.0
Appraiser
Oats ol Appraistd Value
Timothy E. Poole, Certified Residential Appraiser
11121 16
•
Final Estimate of Value
$ 569,000
Fnt SSO - `TOTAL' ti l sage by a le mode, kW. -1 ALA tE
Borrower
Property Address
Cty
Lender/Derr!
Robert Chansler
14116 County Road 7
Mead
Premier Members Credit Union
W366716
Cooly Weld State CO Ep Code 62
APPRAISAL AND REPORT IDENTIFICATION
This Report is one of the following 'types:
X Appraisal Report (A *linen reporl prepared under Standards Rule 2-2(a) , pursuant to the Scope of Work, as disclosed elsewhere in this report]
Restricted (A written report prepared under Standards Rule 2-2(b) , pursuant to the Scope of Work as disclosed elsewhere in this report,
Appraisal Report restricted to the stated intended use by the specifed client or intended user)
Comments on Standards Rule 2-3
t certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are bit and correct
The reported analyses, op!iions, and conclusions are limited only by the reedited assuntiplions and limiting COndilims and am my personal, impartial, and unbiased professional
analyses, opinions. and conclusions.
Unless otherwise indicated, I have no present or prospective interest in the properly that is the subject cd this report and no personal interest wilt' respect to the patter involved.
• Unless otherwise indicated, I have performed no services, as an appraise or in any other capacity, regarding the property that is the subject of this report within the three-year
period immediate preceding acceptance of this assignment.
! have no bias with respect to the property that is the ,subject of this report or the panes involved with this assignment
- My engagement in this assignment was not contingent upon developing or reporting predetermined results.
- My compensation for compelirrg this assignment is not contingent upon the development or reporting c4 a predetermined value Of direction in value Thai favors the cause of the
client, the amount of me value opinion, the attainment of a stipulated resalable occurrence of a subsequent evert directly related to the intended use ol this appraisal
analyses. opinions, and conclusions were developed, and this report has been prepared, in corrtormtty with the Untform Stands of Professional Appraisal Practice that were
ineffect at the time this repel was prepared.
- Unless otherwise indicated, I have made a persona) inspection of the properly that is the subject at this report.
- Unless othar ise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certtfication Of there are exceptions, the name of each
individual providing si nilieant real property appraisal assistance is stated elsewhere in his report).
Reasonable Exposure Time (USPAP defines Exposure Time as the estimated length of time that me property interest being
appraised would have been offered on the market prior to the hypothetical consummation ota sale at market value on the effective date of the appraisal.)
My Opinion of Reasonable Exposure Tire for the subject property at the market value stated In this report is:
The reasonable exposure time far the subject property is estimated at 60 - 90 days.
Comments on Appraisal and Report Identification
Note any USPAP-related issues requiring disclosure and any state mandated requirements:
The purpose of this_ inspection and analysis. is to establish an estimate ol "Market Value" of the subject real estate as of the appraisal date_
"Market Values es used herein is defined as the most probable price_which a property_ should_.bring in a competitive and open -market under
alt conditions requisite to a fair sate, the Myer and se each acting prudently and_ knowledgeably, and_alptir g the price is not affects - - by undue stimulus. Implicit In this definition is the consummation of a_sale as of a specified dale and the passing of good title from seller to_
buyer under cogditions vwherebyl: _ -
!, 1. Buyer and seller_are typically motivated; _
2. Both parties are well informed and welt advised, and acOns rn-uv'hat they consider )loon' tit intftiesti.-
i 3- A reasonable Reid of Wee is ally for exposure in,ttye opeci markets- - _ --
4_ payment is made in terms of cash in U.,S. dollars or_ifilterMS of financial arrangeiertts Cori rabie thy; and
6. The price represents normal consideration fo the property sold unaffected by special or' sales concessiOns granted to- anyone associated .
with the sale, or other special or creative terms, services, fees, costs, or credits involved in the transaction.
Based on this analysis, it is concluded that the value of the subject property at the time of the inspection is:
$669,000
The intended use of this report is for the sole use of the Premier Members Credit Union, for lending purposes. No other use is allowed_ The
appraisal was prepared in accordance with the requirements of the Uniform Standards of ProfessionalAppraisal Practice, and_with the
requirements of Title_X,I of the Financial Institutions Reform., Recovery and Enffrcement Act of 1969i as amended (-.2 U.S.C 331 at set)
APPRAISER: SUPEAVI$ORY of CO -APPRAISER (if applicable);
Signature:
Name: Timothy E. Poole, Certified R sfJential Appraiser
2142 Steele Street, Longmont, CO 80501
State Certification #: CR4Uot 57D1
or She lctrtse #:
State: CO Expiration Cate of Ceabon or Lcense:
Date o1 Signature and Deport: 11/26/2016
Effective Date ol Appraisal: 11/21/2016
Inspection of Subject: Nope X tied& and Eiieniar
Dale of Inspection app4icab'iet: 11/21/2015
12/31/2017
Signature:
Nang:
State Cera ts:lion _ _
or State License #:
State: Eviralion Date of Gerblcaticri or License:
Dale of Signature.
Exterior -Linty Inspects" of Subject None ' Interior and E4erior i Exterirx-Only
Dale of irspection (it applicable):
Form ID 14E - 'TOTAL' appraisal software by a la mode, Inc. - 1-800-ALAM0DE
Tin Poole (303)772-2537
Unify Residential
Appraisal
Report. l r 716
The purpose ot Ibis - ,. .' .1t :ti0. ..-1i IS to ire* Ue lender/clot an accurate,arad adequately supported, `_rime' oftie niarkd vase of NoTAW i 9 t ;-
Properi mires_ . 14116. Countyt Road 7 ... . .. _ . _ .. _ .. . Mead -- .__._ - -- -' cos '?fit'_•_
Sorry Roll Ch :1 ti- f
_.. ---. __ _ ... ..._ ._.._. _ _. ..
.
Um"( of F t� R . Osier M Weld
_�_ _ _ . alt_ Pull__
- -- --- - -- � ..
Caul - Tract_ i t 'dt Estates , .__ - _ . _ .. _ _ . . _ _... _._..__ ___ ._ _ _ ._
_ , _ _ .... ___ _____..._ __ •_..
Assessor's P 1207`22000047 _ Tax Year 70i R.E. Taxes $ 5
,.,. _, _
u 1 1 Naafi �Ru_rel Mead 'R!- 22.31 6B V' s Tract OO2tOi..
.. - __ . -- - .. _ ... , -Nirolifirence _S _� �_t_ _ - -
L occ Owtrer :Ti i Tempt f vacari __. __ ., � se t 4 it �_ t?l THOA S 9 [_- ar [ Per mono
_j_
2 P+r� f t#s F•ee Simpie :_ _L.
_ _- - ..
r -
.. • .... -. .. _ .
r .
0 As nr ft Type : i Plains. Tra
Lender fot Premier Members
is the property r offered
Fi t data scouts) used* offering
+. .. T� .., .1 _I.
eft ,J�niort _ t
for sate or..has it beery aged tot sale in the tefrel
s), aid s). owl mti mid 7.iAf1
tl l rte' .
5505 Arapahoe Avenue, Boulder,. CO 8! 3
a months prior to lie, effctnie dat gilt* *Ix 1' -. �� . Yes No
er
t
I 1 dkl 1 ; did net analyze contract br sat for the subjectrudest transaction. the results of the anitysis of Po
performed:
Contact.Price $ Oate of Contract b property seer the owner' of public recce? a
is Mere any asses cloves, e a :, • i - y tx 1 t 1 r . o ash. etc.) ki ebe l 'Ar any party on
ti Yes, repot the tourl dollar amount and ttscribe the items to be p}aid-
wind for sale or
_ 1 Yes : 1 No
behalf of the borrower?
why iv analysis not
•
Data Source(s) _
- -- - r^ i Yes , No
- - --r __T... .- —.
T. ,_._
Note: Rye and the Sal compaltio► of the neighborhood are not oppreisal
-4 .` ...i::• 4 ��+ 1 4 .^S' w. V YM1^r.. ..ti 4- 4? g!ti7 • r
qq:-S. K 7 •'•]I.j i Si.- .. .,,' '{.. . •9 `>!YV 11 . �-:i� �[�} yry� `? i�' .'- .__ .,ti .�}}. :Y :.4 y{ �.`L.o._ . .` �1 ''_['er... .rl ��:
_ S t . L �/�.,..� �. {4'-•�V' - '.Y ..ti 1 S . l _ SS • S`' } I.- ` [ S •4'\ a
.""1.:C.1)21 ..,,\i, . ,.��. 1 ,1T �C ,.:7371 ���yr. L •, � {� e�s .Y �L�uS i'}}�� J.��1 l �h--- •.1 �•o .�i .�".. �.y •� l.i'.:1. ~ • - / } �•...j f`• �f.ra Yh' }, y��
•':� L' .lf ... -r. •K-: '�{�j�B'��.--....-..Y�-. "'�-�!!y.;r.::.{,.$1.. ...-q.-L.+�.•tl •Y {x •+j6 _�.\��}:',. .. �'N". .:•-..: ti, ....:.w�1C^" r.',�'- ..•1�.'..r �:9�8_}G [S t:{'.{`1 �.i tn�1'�� ..1L�'1:4.. �L�5`k-.•ty
Location . Urban ! r Rural
� ValueS increasing € ! Siabiuer i-,.; Waning ' .. ,E AGE` 1
One -Unit __ - 0
C3 Butt -Up ! 1 Over 75% X 25-7 ° I Under 25%��ly
8 '9q s!: Rapid S : 9 Slues a
ET $tei f onccod Boundaries 'e subject area assts
2 North: County Road 48 _ Southa .County Road
-6, fleilhherhoed t7escfl n , The. subject area is .
Maiming Time f
primarily of
14_ East.
unin�e'd
.. i
single
area
Shortage II_
tinder 3 riffs
fan*. hornet
85 West
south of
In
X3-.6
_ .. - _
Meady_i , Boulder
I _
I i,
r Su>p . _ !-
pm nr '
. . i
County.
. $ ) Cm)
taw t} .. _
..9$5 .. ith _ so .
. 550 __ 1:... 45
The sub, l5 convenient
12-4 5 %
NirrE-Fainly . 5..%
t Cie i$ .10.X
ii Offer - --- - _. . 10 %
to amenities.
men tie __ .-
L such as schools, shopping, parks and 1-2$0 as *ell as the larger market of Lompoc* five des west. There ale no tcMawn negative factors
which would- negatively_ affect roarketability in this ame. .The other. 10% in !a' is open space_and parks._
.. _ ...... _ _ __- - _ _ .. .
Market Ce bens' maid
4Set � app tsar' pbo+we �... conditions ar±s s�id�'�i_�+aod �x �tts tea �T taratyr>d tlaal�ad area. Interest
_ _ _Market _ -
rem are average.* �`.4 - 4.5%_ Values declined in the.area when the Real mate brabtl burst, but values have f tteried ogt and stabilized! and _ .
- - ._ ... _ ..- . -- _.. _ ....- _- ...,. ... - ._ ... ._ _. ... _ ..... _ . _ ... - - .. ........
showsigns of a increase � values.
01 Surv+ey_unavarl€ible to apiraiser Area 6.49 ac S1UPeReg?! Yew B,RuraI-O,pen
,._r, _ -_
3! 2 _R .. _ . • _ _.. _ . - . - - � q _ peal Low Density _ - _ _- . _ ,- - .. .. _ ..- ...... .. . •
TON I� � �a )_ L No i !Vail
__X_ ._
-- •
_ _ _ .
tsihe ti!gle'st err best rs8 of sit PPM! a's lei turd (a as par piers ? that$ prate rte?
. _. .« .. •..- .._ .. ......
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-
1l 3 . i Water ; -! _ . _ ...- -__ _ _ . _ ... - Mp l� ,. _ ... '. g
,f Gas . ' i rfySewr�nx i _ DC .Septic -. TYPi . None . - . l..1
FEMA Special Flood Hazard Area - ; Yes X No FEMA F to d ions x F t4ap # 08123C18.80E � 01/.20/.2016
_ ess-L.1
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..
_ - .
Are tie thltiti ande _ why � b n arei? _ yes _ L i mi0 K No, (mat,
Q p�(� �y � f p� (� �/ *sate.
Uwe arty !t :Ise sWe 1 t'' 0 :4.. s o 63ts, enaoIHp Wt' arritamental •. • laid unsets', fir.} r 1 ! 1 es X No N es
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.,. ...,v!-rJ'�:r
Fours pry W,Ils pours d COnentte cl_
--Como_ _. _ C3
f of aortas 1 ... .
. _rf.i4 8!_. . Pei Baserner
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Type X � t ` Mt ... ' 5-littjEnd Uni
.930 wt.
- -
Com '8 .
...
Trircnrsh _ _ Stain __..__ ..
X Existing .. ; Finalised ' _ ) tom tom.
o ( ) . Contemp
B se_ meat Fria 50 %
Wilde Eray/D it I S4mrp Pump _
_ __Q3 ..
� & Dowr ous Aluminum -_ _ C3 . _
Vlrx Type Metal Sliders
. .__
Badfr liter_ __ _C _ - .. __. C3 _ _
8th %Saki Ceramic 'Fite C3
Year 1972 I'Evidence
c f _,1 l onLitPt
._ . _
Saran Sas 'insulated insulated? . Cs
, stony!, LI,
E (Yrs) 20 i
: 1 1.
° t -`
r _i
! Satinet
. _
•Screens Yes C3
thieevvay # of ��
-e
Attic L f i
. : drop Stair s : Stairs
■®'
!letting U' FW A t,_
-J _I
?Cooing
`t
i Natural
_ 1 t�
Gas
Amenities
mss) a 1
. i W�s} # 0
� F4Ln. __ _
�y�{'# /j�4
f/..hty# n_. II. - Po i ,,d jot e•
Garage._. # 5.4 C _ .2 __ .
V. , Aoor Scutk -
- All Grrndik ng
>dflec , P o Pat ...QPIP. ..
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rart_ 1 d1 fa'rs 0... _.
_let
tn _. F
r
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! None . H Sunroom
i Aft f [. Built-in
7 . :_e_, Refrigerator w RangelOveti
0 4_, i'L.,11.: di! Wynn ai Washed) .±
Oft Suite Wall mounted double ovens
w frilled sea aim grade cooks: 9 _R s a 4 earogin 3.0 8alli(}
' Addi ! terms (swing u e icy it.). built
The sub built in this
2,70$ _ ,' q re- of 6ruass Lim A A
ne prhooci. Aft fixtures of a p ar pt nature are! ...
-
� - - - Fri . � -- .ki.�l.of_honies_ - - _ .
8_ included in value. R.�' not ��
_is
Describe the ceritstieh, Cf.N pmpe Crag needad,repairs, deteriaricit 'Neva,. TlIkleft e • - CUcrt
unkrttowlkiaathsp9ps-flpootedntibeframe unkno_wp,The.l4then ate. bathrooms have been updated by thus rwrea s, but t with an ufkrt
tiftieline. The kitchen 4.04 Ibethroo01s-have beeP. wen wired , and_ met rr to_be. ocddateQ -1-Jb urea, rrnaEyr- the r c rldnils
.C.na'rn _nO4 , - �_._..
and fixtures are reachin a area of their useful lives and will soon need to be replaced. 'there was_nolunctorial or external obsolescence noted
at the time of the irtspectjon. Physical detedwation is less than cir_equalto that of fryers of smiler a irf_the,su act neiighborhood_ __ _ _
.. ___..
Arse therealy physical deficiencies. or adveerse con ire fat a ect Cite US sound flr structu al it r l r_di the ►? . _ - - - - . _ ! J. 1.01.1... X !lc t! Ye e a
.
- - -- - - -- - --- --- - -__ ----- - .-_ . _. .. ____-__
- - -.. __. .._.____- -..-_........ ..-..
Does thi, timely generally conform to n ghbortraod ((trrr wi oily. shit, cord*, , mina* etc.)? DC Yes 1 - No bleu
OAf) Version 9/2011 Page 1 of 6
Fannie Mae Form 1004 March 2005
Freddie Mac Form 70 March 2005
Fenn 10040A0 -'TOTAL° appraisal sewn by a la modellnc, -1--ALAMOIE
Uniform Residential Appraisal Report
CV:R425067
P.# W306716
There are 7 comparable properties currently offered for sale in the subject neincrtiood raming in. price from $ 375,000 $ 895,040
There are 21 el .0rab10 sales in the subject ' l" I I III
. - _ _ -. _ _ ___
Wit '} the oat twelve meittit radio in Wei Vice from: N10.666 ,., _ t _ _ 955.900
FEATURE
SUBJECT
COf+ PARABLE SALE *1
COMPARABLE SALE # 2
COMPARABLE SALE # 3
Address
Proximity
Sale
Sale
Data
14116
to
Price
. .ic�ross
Price/Gross
Source{s)
County Road
Mead, CO 80542
Subject
�f Area
UV.
7
�., , ' xl : �^
%5
S
T a
..::, t.....l f
3471 Fairways Dr
Mead, CO 80542
3.84 miles N
,�-{,V
/ �r ;,,�� :$
.. r��'v ..s..ir7G•-., ...�'t - /
1i�
1 87 •i
�- ��
IRES MI.S/Assessor;DOM
-
5t8 000
y
{ t \ .:1~� �-. Y.
S J 4SS� v 1r Y ..
M1 fhf.}� r Y f r.
�+�.i.�lwiiti:'r .si.`4�4{tti`i �R'
38
12636
Longmont,
3.37
Linda Vista Dr
CO 80504 .
mires 1111'
2316 Horseshoe
Longmont,
Cir
CO 80544_ _ - -
7.34 mires NW
. -- _
Y• . 1`•:YZ• Y'- J- y V`0 010
:;>s3tix .°k< :.. $ 550
J'.w�: S}��i�0�� e'i•�-7:-.--,......„..c,,,,,,....
5 $4 w.'?..:r
.;w� ;:.frr� }..:v
�-\.�v'.�Sur .. .0 — ���`r:•.?.
••
$ 554ODt3
,.
�,
y F t: L1Y
$ 200_ �} h�J l41 J-1 J ti 5 _ i.}
d -V -,�3 �a?.•J•-�.C ��r -.t
Cw:ti.i•` �• V:'YaS{'
$
IRES
County
DESCRIPTION
ArrnLth
FF-1A•10
x08/16;07116
Rte'
N;Res;
Fee
6,104C
B;Rural;Gpen
DTI.5;Contemp
03
44
C3
;
7
Gsf
Good
Gfwa)CAC
Similar
2ga2rw
PorchlCPtolSun
1 FpU1
Yes -
No
X
Net Adj.
Gross
24726
<
IVILS/AsSessor;DOM
SiitTlI
�dnns•
2,219
Ad
.
Records/Realtor
_
3
Wdstove:
Avg-
+
-
I
:
1
:
....
-l• •-
_
i
.•
,1
. 1.........„.
.. ;
- I
•1..
Baths
2.1
sq-it
_
;
6.3%
6.6%1$
�.�'-.
i
•t
{?
•. "Y•�i i�e.'�4':.'Y:.;�}�r:
+(-)
.
• .- -
i
:
f
i
1
- -
•-
_
'$
,
i-+
�.i y J. h
i; l 1 J\
4.^Y }-.Y��5
59
$ Adjustment
•
_ _•......_
_ _
..., •
+1,
+14,
+8,500
+3,3
- - - -
-_ _-'1,000
+10,000
_
584
!!! {i.4
.. y l •
,�fJ JC~
a:.'.
-
0
0
0
*.
of
0
r/y'
Y
,
J�r�y,
34,500
500
IRES
County
Alm
Cash
x11116;c10V1&
N
-. _..
_ -- - _ ..�r...if++�•Y
fMJlLS/Assessor;DOM
RecortislRealtor
DESCRIPTION
Lth
-4O
_.
Res'
33
+0-) $ A4ustmerit
0
L_ _-
I -- --.• _ .
Verification Source(s)
VALUE ADJUSTMENTS
Sales or Financing
Concessions
` _~'k
DESCRIPTION
..:. :.,
-. � - -<.-,
w•.
: - <
County Records/Realtor
DESCRIPTION .
1 cmUh
Conv;i a
+(-) $ Ailustmerit
0
Date of Sale/Time
Locn
Lease) ldYFee Simple
.
N
Fee
S.::..,;iii;b:;;,.-.
R
Simple
a
s03116;c07rf16.. I
fV Fees• r
Fee Simp' '•
. _
_
Fea, Simpr!
--
4.1$ ac
- - -- .
+0, 900
-
3
c_-.
1...
or-
Site
ViewB;Rural,Qpen
Design
Natty
Actual Age
Conthxan
Above Grade
Room Count
Gress Living
'Basement
Rooms
Functional
Healing/Coaling
Energy
wage/Carport
�y,��.�jP
Porct
(Stye)
of
Below
Efficient
aiicy
Goristrucikin
5
Ut4ity
�,�n
_
Area
Finished
Grade
Items
l k
6.49
44
930st465sfin
1
2ga
�'y
DrI;Contemp
03
C3
Tow
9
rrOb4r(l,Obado
Good
Gfwa/CAC
Standard
y��L,j{1jy_{/.
Porch
ac
; Berms.
.
2,788
-' "
j��j F
; tors
4 3.0
MI
�}h' 11
o sun
2.23 pc. __
E1;Rural;Open
DT2;
03
39
C3
Total Slims_
7 a 3
2,422
828st0-sfrn
Good
Gfwa/CAC
Similar
��j[�Jctw
2ga2
��y,j[}}/yj
Pc V 1 4olpec
rternp
•
12.1
8
.... ..
•
Baths
sq-g•
_
-
Qq
ela
1_,..
.
_
L +12,
••
. _ ..
e
.
i tTotal
.1,500
1 +9,2
+3,300
i
°
.. . ....
-
' -3,000
�
0
-
0
• ,
+700
0
a
-T
• _ _ _ _
ur
B;Rsl;Opcn _
DT2;Contemp •-
-.. _..
r
_-
03.
43
-- , _.._ .._
C3
Tout ;
9
1488s1Qsfin
Cad
Cfwa/N
Similar
�j fly
Q`d
hd�_
5
2,741
,
nta
1 Baths
3.1 ,
s -h-•-
_
-
-1,500
+1,200
-3,900
+3,300
+3,000
-- 9
- � -. 4500
��'
1
_
L• Un
Fireplace__
.,---
-- -
cC
'J
.f,
Fireplace
Outbuilding
Updating T�,�,�j
Net s-lni J11�
Adjusted Sale
of �rnparabies
�j
(Ten)
Pie
1 Fireplace
Yes - Good
No p1.
?..:ii.:, -ore{ {S� .S.:-.
f" l
.5 fc { . X
��
�'�� `��
1 Fireplace
Yes - Avg
Yes
X +
FFF��-
Net Ao-
Gress Adj. 11.7%1
I
,
• -
2.8% .
_ _ +10,000
$ -20,0��0M0
14,500
532
. .
rr i
..-
Yes - Avg_
yes - .... --
- r i +
.
- ...±19,000
- clAIo000
$ - 5V0
-X
Net Act• 9.5%
Gross Ate- 9.5%1 546 510
I •� did
• - did
not research the sale or transfer
history
atttre subject property and comparable sales. If not, agatain
My research
Oita Source(s)
My research
Oata Sosirce(s)
did
IRES
. did
IRES
X did not reveal any prior sales or ,larders of the subject property tor the three years prior to the effective date of this appraisal. .
MLS/ Public Records
X did not reveal Drill prior sales or traders of the =parable sales for the year prior to the date of sale of the comparable sale. .
MLS/ Public Records
Report the resets of the march and an is of the prior sale or transfer history of the subject prwerty and cerwarable sales (report addliool_p •drop 3_-_
Date f Prior Sale/Transfer
ITEM SUBJECT • _
• COMPARABLE SALE *1 '
-
_ COMPARABLE SALE .._..__COMPARABLE SALE 3 .
1
Price of PlitOr Salearanster , • • . -.o �- •• •• • • • •_•r• .•• w
Data Sources}
IRES MLSIPublic Records IRES MLSIPUbIic
Records
IFRES AlILS1Pub1�-Recrofdg
,�
; iFZES firlLSfPub14C
Reaartis_
Effective Date of Data Scxxce(s) .11/2112018 _ g 11/21/201
11/21,12016 i
11/211201 _ _.
Analysis at prim salt o+r triansf history of the subiea v000 and c a sales The subject. tta r.. sold in the past three years.. Jipne of %he .. -
comparables have sold in the past twelve months. _ .
Summar; of Sales Comparison Approach Ati1 sales utilized are similar_ to the subject in size, quality and locailon. Tlryey were all considered Important •
in determining the indicated value by the sales
similar in updating, and the most similar overall,
most recent, similar and most proxwnate ccmparables
than the predominate value of single family units
comparison approach with most consideration weighted to Comparable #2.
as shown by the Gross Percentage Adjustments. The comparables used
available at the tine of inspection. Although the indicated value of
in•.the subject area, i is not considered to be an over improvement for the
It is the. m st
to this report were -the
the subject t is 'nigher
area.. _ ..
- . _.__- --
-- ... ---. --- -
indicated Value ' Sales Comparison Approach $ 569 b
—
a�, pp
indicated Value by: S Comparison $ 569, ow Approach (it
developed) $ 577,3 - f {1C0tl'M!x ft6
The sales comparison or "market" approach is based on data which is adequate in terms of volume and consistency from which to_ r•nplete_ a
value conclusion. The cost
5, This appraisal is made X "as is',
e completed, - subiect to the )chewing
: ldkrwing required inspection based
rr.
approach tends to limit the upper end of value_
- suet 10 co fancy, per plait and fircdt
repairs or alterations on the basis of a hypothetical
on the extraordinary assumption That the condition
-
There is not adequate data to validate the income approach.Li
rs on the basis of a hyp It al condition the e improvements Kaye
conaion that the repairs ar alterations have tow competed, or' •
or deficiency does not rewire Aeration or repair. Non
- -. - _ -- . -
-y,
- - •
- •
been - _
subject to the
.
Based on a pima visual of the
conacos, and appraiser's , my
$ 569 000 , as of 11/21/2016
for and exterttor arm of the subject
(our) opirreorr at the Matitet value, es dry.,
which is the date of . • r : "i r
ma defined sow of VICIfic statercein at assomptiOnS and Suing
01 the S property that is tit %Ord et this report ie
and the effeCtin date of this • L' '-•- .
Freddie Mac form 70 March 2005
I AD Version 9/2011 Page 2 of 6
Fannie Mae Form 1004 March 2005
Form 1 DO4UAD -'TOTAL" avpr'aisal software by a la mode, inc. - 1 k AMODE
Freddie Mac Fenn 70 March 2005
UAaVersion 9/2011 Page 3of6
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
CV:CV:R425067
AS W300716
The syktiest b $:lie rash horne_pf tood quality frameAnd brick construction with a pertiaik finished pail*, It Ids gPcn..crchi_
Wiles Owlpallor rDm,sunroor frepia � term air nd dnina,_and-oversized Nei car head_garage Jha_inninQ_!roorn ing.room,_ kitchen
rtop,k, !array room, all o the bedrooms -and all of the bathrooms are carpeted, a_cerarnic tile floor in the sunroom. The basement has _
large rec room that,, ��erpeted- The kitchen has. wood cabinets, laminate count_e_rtops_with..wood trim, ceramic tiilefcic plash_ and energy __
ant epplia t owners have_ovmed the property .sine Metof 2000. It has been well maintained,. but there has_ been_no _
up4atingi eandcinty_two.improvernepts tothe Property. They_ pi41i the large open patio, and tree,. retepiilars, that mark the driveway at the
mad!
Thesubject and Comp bles *2 and #4 all sit on parcels of very similar size. Comparables #1 and #3 both sit on smaller parcels that are
therefore considered to be inferior to the subject, making site adjustments necessery. _
The sobject sits in the unincorporated rural area of Wekt County, south of Mead, and east of -Longmont. This creates same distinct appraisal
problems. The rural areas have varied types, styles and ages of homes situated on_varying parcel sizes, with varied locations. In some cases,
the best,comparables available can be 20 to 25 chiles away from the subject, depending on it's uniqueness. Therefore the comparables are
selected based pn their site size, proximity to large and/or small towns,-buiding size, utility and the_ corrals and outbulldings on the property. Of_ ..
course location istinIcatart but since itIs normally irnpossibte to find sk<nilar _quality cornparables located within a close proxii to the
subject, then other con ratio ns must lake precedence. Alf of the comparables are locate within ten miles of the sue turd Are ell _
considered to be one market.
There was no adjustment made for the difference in bedroom count. • Since bedroom size can vary significantly, this adjustment was adWessad_
as a matter of the difference in gross living areas, and therefore was adjusted for on the gross living area line.
During the course of my inspection I was able to verify that the utilities were both on and functioning.
1
have not performed any mss, as an appraiser or in any other capacity, regarding the subject property of this report within a. three year
period Immediately preceding acceptance of this assignment.
The appraisal fee for this report is $425.00
y�:
'.-t•i{•}a11.0±•}?h kV:Vd l$_.:JC•.•f:Y . "-... - 4.'�•v..r__Ar�....�y
Tilde m
de adeeuate trrnabob n the lenderfdn# to 'Vitale_the below cost figures and c t .
C on for opiriian 91srte v 1 t isliromargecomparable Wasid sales lat Mx rrdlictis far estrnatng ste value)
sale analysis of sirxrilar parcels in the_area
; REPRODUCTION OR X REPLACEMENT COST NEW
Source of cost data Marshall 8 Swift
QuaSAy_ratir>gl trws coast service _ Avg Effective t of cost data .44p1120_16
atom art east Appr> h {gross truing area , depreciailrxi, etel _
The a apprpacp. was done nonce_a sffitagim pet basis us_ing Marshall
5di rublicalion2Cost Figures:
Life Expectancy-.......-... ,._6O Years
Effective Age--,...20 Years
Remaining Economic Life......40 Years
Estimated Rana: Economic Life (HUD and VA
4.0 Years
a"1.. ^ f-:' . • .r. ik 3e_ r 'f ist!•' §. _r
.y {
• AL.
._"•ry+.'# 7&'114-..,p `.}.::: 6-- s4kC5.. vari . .. . y- ., •. r .{ti-� a•.•.L• .{•. • •.h4=
SAC ,+.+•.i: i.Y•;,,
_ The site value estimate was arrived at using land
=OPINION Of SITE YAK _ =$ 145.,900
DW'ELLiNG 2,7888 Sglt- (4 4 - - 206.2a =$ _i 5,i
rsPet_IRILPAIEPIpctic.aftn.p_ 1_1".
Total Estimate d t -ita;r
Less
depreciation
-_
208,385!
'Oepreciated Cost
of Impraunrneits
.s -is` Vat cg Si l rust mcr
• INDICATED VALUE BY COST APPROACH
iedleirall
--p( -- 208,3835]
416,832
15,500
tiv.. 9(vti vim.•:• v.v +^^:l •?: ..r, ,r v.+ .. ... ry t. slim "Yf}, t:� tit `;dc•}'"• _ - �• \• ti: ••`ti ._ -- �.i. _ lh :.n, a: �- �-
��,,,.�� ip'" +M` '^Ss`g'w S:A ,}J[.4V^2'e-S1.. AIr� !C:[• •�^74� i�'Y. ri~i�•�. Y .. �Y}��v.
L.•r1 :yt.. YFJS} �}r • r ; - �} r 0 o�' • n�7: •v ." + . • •• -'1 : h iI 'f• •I ' y } . L •
�� e4.5y" ...r-vY -s r $" :21 =••
% •' :Y,'
•`.. v,`-'` . •{Lv t }'{ fi•`�• `4 - 1-� •.� ti4t; `" r S. 'fLr •` ��'Fr •I •7' Yom •. �. .{• ,e( `N a•.. !t. • I.e -L• .,
:: 3•: �vl�r}:r.�:'.�. ` �{'S, �:4 /�i Y 4•h� .v,' - 'n =.: (Se y(}�• r it �� �4 . \ .. -! ti`v...� � -�� '02 �•
w .4siv J?� • -i`i?SQ.•4�'x. S
!I•!•! -Y• S1- ��•9 �-: [r'L--•� •.Yl ir. `!1 Yr W• •l• •lY,.l• J•
Is 'tit developer/builder in control of the t$0rneowners' Association ? _j Yes - I No UM t sl fluted L_ j Attached
Provide the following information for PUDs ONLY d the devdaperitis r Is in oonrsol of the FICA and the subject pfopertyF%s _an attached dw'ellirg unit.
Leggy Nara oi Project
.. .. . _. . —._ ..._. _ ..�. ...-Total number nur> ber of was - Total nxnbrr: d uncle •- , . .. Total -number of undo said
•
lotai ciurrtber of wits reed Tatar' number of uric to sate Data source(s)
was the ailed created by te comrersion of existing billings) into a P1.ia?_ LLy4, No rites, date oaf COrriffliSiDn.
OM the psaje.d COMO any g s? y l - i_ No a S - . - _ -
Are Ma tots, rppmrtton mss, and c n- dclllrilpiot ? 1 _Yogis _. [ _ ; IW f 1 nrp rr
Describe L ornmon elements and recreational tames.
577 332
Form t 0U1'UAb - 'TOTAL' appraisal software by a la mode, inc. -1 -A DE
Uniform Residential Appraisal Report
CV:R425067
Firs W306716
This report tires is designed to report an appraiSa' 4f 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, d'efinttion 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, of assumptions and limiting, conditions are not perrntttad. The appraiser may
expand the scope ofwork 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 appraisers
continuing education or membership in an appraisal organization, are permitted.
SCOPE DF 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
subject of this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the tender/client.
Is
the
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 lair sale, the buyer and seller, each acting prvdently, 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 sates 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 appraisers judgment.
STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: 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 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 appraisers 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 01 the subject site is located in an
identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or
implied, regarding this determination.
4_ The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, etc.) observed during the Inspection of the subject property or that he or
she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal
report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the
property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes. toxic substances.
adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there ere 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 brat might be required to discover %%nether 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 Mara' 2005
IJAD Version 9/2011 Page 4 of B
Form 1004UAD -'TOTAL' appraisai software by a la node, inc.-1-1ID0-ALAMODF
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
CV:R425061
nee W306716
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 iii factual, specific terns. 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. 1 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. 1 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 tie 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 iocationally, physically, and functionally the most similar to the subject property.
8. i have not used comparable sales that were the restart 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, as information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11. 1 have knowledge and experience In appraising this type of property in this market area.
12. I am aware of. and have access to, the necessary and appropriate public and private data sources, such as multiple listing
Services, tax assessment records, public land records and other such data sources for the area in which the property Is located.
13. I obtained the information, estimates. and opinions furnished by other parties and expressed in this appraisal report from
reliable sources that t believe to be true and correct.
14. J 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. l have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, ail
statements and information in this appraisal report are true and correct.
16. 1 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 armor opinion of market value in his appraisal report on the race, color, religion, sex, age, marital
status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the
present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not
conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a
predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of
any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending
mortgage loan application).
19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. if I
relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal
or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this
appraisal report. I certify that any individual so named is qualified to perform the tasks, I have not 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
UAO Vecston 912011 Pie 5 of 6
Fannie Mae fpm 1004 Marc4t 2605
farm 1tl941JAD - `TDTAL" 30 058 soltware by a la mode, thy. - 1-600-1 F
Uniform Residential Appraisal Report
CV:R425067
Fire* W306716
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 appraisers 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. 1 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, 1 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 Ibis
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 of negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or
criminal penalties including, but not limbed 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. 1 directly supervised the appraiser for this appraisal assignment, have read the appraisal repot, and agree with the appraisers
anafysic, 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 appraisers certification.
3. The appraiser identified In this appraisal report is either a sub -contractor or an emptoyree of the supervisory appraiser (or the
appraisal firm), is qualified to pertorm 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.
APPRAISEftI "�
Signature
Name Timothy E. Poole, Certified ential Appraiser
Company Name Timothy E. Poole, Certified Residential Appraiser
Company Address 2142 Steele Street
Longmont, CO 80501.
Telephone Number (303) 772-2537
Email Address Pooletimaeravesterrice.net
Date of Signature and Report 111.26/2016
Effective Date of Appraisal 11/21/2016
State Certification # CR40005701
or State License #
or Otttet (describe) State w
State CO
Expiration Date of Certification or License 12/31/2017
r
ADDRESS OF PROPERTY APPRAISED
14116 County Road 7
Mead, CO 80542
APPRAISED VALUE OF SUBJECT PROPERTY $ 569,000
LENDER/CLIENT
Name Settlement One
Company Name Premier Members Credit Union
Company Address 5505 kapaheie Avenue, Boulder, CO 80303
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 sub ect property from Street
Date of Inspection
Did inspect interior arid exterior of subject property
Dale of Inspection
COMPARABLE SALES
Did not inspect exterior of comparable sales from street
i Did inspect exterior of comparable sales from street
Date of Inspection
Freddie Mac Form 70 March 2005
UAD Versicn 9/2011 Page 6 of 6
Form 1 DU4UAU - 'TOTAL' appraisal Software by a la mode, inc_-1-$lht-ALAMOOf
Fannie Mae Form 1004 March 2005
Uniform Residential Appraisal Report
COMPARI,Bli SW tit
8520 N 107th St
Lit., c0 60504
7.61 miles SW
DeEfaSzencAst
VA
Sales 4r Financanq
Con_ 1s _
Dais 01 Saba
Ufl
i',Old/Feel:0Se
View
Design Pfie}
Quality of fonstruclian
Actual Age
onon
Above Cada
Room Cants
Gray Living Area
Basement& Washed
Rooms G
tteatiogiCroorrog
energy EfefriedItems
Garaptarrorl
alc
Fireplace
Outbuilding
Ling
Add SatPrice
CV:R425067
net W306716
1 -
Toed i admit -.2 OS i
_ I
Repel! tts results of the, research and ailatysis of lire odor sat a t of et �rti lb additional r c pad s _. .. _
ItEi . 4 _ sum-c.f. - -t A ti # 4 1 - COWARai E S 5 _ .E a a
Qate cd r Transk d . ,
PO! was) IF E ►.t11l .S(P� a Rids._ .J IRg is I r - -
f Pat S e(s} .!11/7*016 .__ _ i.i-i 'I Q's _ .... ._ .._ _
_.A l` pttcr said of history tit subject woo" end _, ~ _ 911 _ . ..
Freddie Mac Form 70 March 2005
UAID Version 912011
Fannie Mae Farm 1004 Math 2005
form l 4UAQ.{AC -'TOTAL' appraisal soare by a la mode, inc. - 1- A LODE
Additional Listings
FEATURE
SUBJECT
.Address 14115County Road 7
Mead, CO 80542
Pry to Sit
List PriceI S
List PritedaasS !if. Area
Last Price Revisi n Dale
Data Source(s)
Verification sourcets)
VALUE ADJUSTMENTS
Sales or Financing
cessions
Days en Market
:Location
Leasehoiee Simple
Site
View
Design (Style)
Quality of lion
Awl Age
condition _
Above Grade
Room Cast
Get' ' It Area
Basement & Fmislred
AcornsAcornsNW Grade
FunthooM Ulikb
Reatingtoolk _
Energy Effitient Items
Garage/Carped
POrthRatirilOak
fireplace
Outbuildings
Updating
Net Adjustment (Total)
rAdjusted Price List
of Con3 arlable's
DESCRIPTION
•
NI;Res;
ee Simple
.49 ac
;B.;Rural;open
OT1;Contemp
3
J -
1701:0.0baOo
Good
GfwalCAC
I Standard
2ga44dw
Porch/Pto/Sun
Fireplace
Yes - Good
LISTING # t LISTING # 2
7033 Slow Ct
cogrnont, CO era
• _12 miles SE
77.14 p.. ' l T.4f t •
R^L
5751 •
$ 2x41. $ kz r
ist, PS 111121.F.2.01§
IS MISAssessior
ounty Recants/Realtor ..
DESCRIPTION - - $ •dust.
1 Active
N;Res;
Fee Simple
5.ac
S;Rural;Qn
DT1;Cqrrterrp
93
C3
•Total ! 'admitt ohs Total I
2 941 2.374
•-r.s•....wn-WO: ••r.+ •••••71:P ••••• r • An
Giant
Similar
CP aIi
1 Firm
Yes - Good
es
+ ; H IS
Net 1.o 9I,
Gross 9.3 4t_ $
IBade ;...--- -
6 ..(...a•1 -- _ �1T..:fi ...L.
71 a
. r , {
+1.0,30 0
+6M;
+3M
• +3,0901
72,500
+2,000
20,000
5,500
,500
TAI 18du a.
Net
Gress
a
•
CV:R425067
RIO 1306715
LISTING t
3
I
Net
Won
"r •t z - .G
iics iir:�
Report the results ri the research ad analysis of the sale meteranster lt.istcrye ol the s and torroarable_seAtsninpod addiremi prior Sam i _ e .
ITEM I WW1 1- _ Ll;i i1HG # 1 LIS11NG # 2 _ ..... -. _ -- _ .LISTING S _ --
Date of Pion Sa+'Transfer _ .
Moe ei Sa rn* 1
D Source I IRIS l�Ilt.blhc Records a IFtES t4lLSlPrrrbf Rrds i
y��us !1;4i1'ti4�^�+�
s-•
-I--
i
L
i
•
E Dam of Data Sours sa l 11/2112016 1 i121/201f
Comments: Comparable #1 is a smaller ranch style borne without a ant. It is considered to be superior to the subject in bathroom count,
garage count, and updating, but inferior to Me subs in site size, gds living area, based size, basement finished_ lea, c�enimi a .
conditioning and sunroom. It is currently an active Iistirs and it supports the e� va%ut, but it was not gig any in defer. - ht inDlthe
final estimate of value.
Form 1004UAD.4AL) -'TOTAL" appraisal software by a la mode, Inc. - 1.8OO-ALAMQDE
March 2005
Market Conditions Addendum to the A raisal Re �`R°�°&'
Pp P� �r�. wao67,e
he purpose of this addendum is to provide The lendericiert with a clear and accurate understanding d re market trends and condom
neighborhood. This is a rm Wred addendum Ax al appraisal rep ?ilk!: effective dale on or allApril 1, 20)9.
Property Address 14116 County Road 7 City Mead
Borrower Robert Chansier
k vaione: The appraiser must use the information required on this form as the basis for her ctambsions, and must pmvicie support
horsing trends and overall market conditions as reported in the Neighborhood section al the appraisal report farm. The appraiser must
NI
prevalent in the SUbled
Slate CO ZIP Code 80542
_ -.
for those conclusions, regarding
in all the information to the ward
it is available and reliable and must provide analysis as indtalad Wiwi!
endanalien. ft is recd rtized that not al data stages wil be able to provide
in the analysis. if data sources provide the mired kniormation as an average
average. Sales and tstirtgs must be propeales that comp* **h the subject
su$cl pits > . The • 1•, •,.,,;- MO ;In .:n any ranges an to data, such
any
requited Oa is unavailable or is considered tsue iabb, to appraiser must pro idd an
data for the shad areas blow: it >t is "dabble,however, the Selo must include the data
instead of the atelier, the appraiser should repot the available ftgure and deirify'1 as an
property, cerrnirte'd by apprying the Criteria that woad be used by a prospective toyer of the
as SeaSOriEi rriarMIS, itew Gorstrvc'bon, Ibireclosvis, etc -
7 ,: ° : ,.,r .._ u{�x at=,,: ` e-
Prior 7-12
Months
Nor 4--4 Months
Current— 3 Months
Orieradl Ted
Tit * of Comp& tree Sates (Seded)
5
10
- 8 -
11E
tiStable -
; .
_
Absorption Rye
(Fatal Sa �)
0.Q3
3,33
2,00
a I
t '
r
I:- mu
Total 4 at Comparable Active L
.. , • „y ~ ' . A ,f '
, r ..$ .,.r
7
tom }--,���' s _
1 ' -.1.'.,- y +
- - • -
o/ �- F '., ��++ (Total • � {,, may,,
Months" of lip Housing Supply Lr5imgs1��lkb,l ee
: • '9. S� '�,.� It X. Y ; t fl
ti
... _ ...
;:.;VIE,''.:-.*-
+�
3.5
�� S '
i
may 5
M r
inat
Y 1 R .
Prior 7-12 *MS
Poor 4-6 Months
Cuffed - a tialDs
(twetrait Trend
..
Median tearable Sale P
$545,000
$512,971
$512,500 w
X drrcreasr
; . i Stable
_- : Declining
_—
Median Sparkle Sales Days - an Midit
41
58
87.5
,_
1 Declining
ii. '
Stable
. Increasing
v Medan Unimak List Pete
y1 r
} a•
S
...�'.• .._ .
{ -
•. ,
z. Median Sale Primes % of List Price
100
100
96.01
., '
trcreasir
• Stable
- --
a5 Se r'[a roper. der, c.�pard financial aasstancs pre alertt? Yes _
No — — — _ - 1. ' Decknrng
Stale
•; Increasing
T €xplsin in detail the
rlees, oPlivrs.
r4.
seller concessions trends for the past 12 rrtonitts {e.g., seller contributions increased from 3% to 5%. incre g use of buydew rs. coils, condo
.). Setter concessions have remained stable at appr'oximatety 3%. This includes closing costs, buycio ns and condition
allowances.
--
s
2 Are foreclosure sales {REG
Foreclosure sales
sales)
have steadily
a factor in the mark X Yes I__
increased ouar the past six
No If yes, Madre catoludng the bends in Wilbngs alai sales of foreclosild_Foperties)•__
months. The purrper. of foreclosure listiinge on the. mad* hove Sadly
•_-. . _ __ •._
dedined
over the past twelve months.
data sores for afire information,
listings and sales of similar
MISS Public Fie nds and Realtors. The Rerameters used to gather this market information were all ,
size, on one to ten !cresLwith in a ten mile radius of the subject_
StanrttacS the atom information as suppoit for your comiusions in
...”Issis pi ren tg_ e !n_tiVotexprodadtaam Wogs,
the Neiglitettiood section of the appraisal report icon. tf yeti used any addtfawl intonation, such as
formulate your oTiolusiOns, prime both an eaop>araation and support fa your c4ndt16 ts-
alts r ix ra comparable price has been pup and
_
down from taarter to quae,rters_ and is down in the Iasi ewe quart+efs due to_ many
-louver
prri sales, but metal! it hats increased over the ,pmt year, The total number of sales' has also been up_an4 down from % arterr to euerter
-
but overall it has increased ova ;Depot year:. The 10 11 listings has increased aver the past year, with a significant increase over.
_prof
the 'test six rnor.iths due to lower intergeAntesi la4v ickiventorgt arid increased consumer ccrifidence.in the gc81 hover market. The median
cpornparal le l st rice has l �d over WO I
-- . • - -.. Ft steadily, *mast* legs g$ttinq over 96`4 of list
._
pricy, tltqp *Wiest indicate a strong_
. . _ _..Y!��. .._
mwicet fox oompetitivety priced units in the subject arse,. However tes numbers anti too small to Vie$ determine market trends, and
only focus on one small part of the rurral fvleadittong dtt Market_ ilmkinfurynatiora in theneighhochood section ,on page #1 of this .fo m ie. ern
$afoul$ of the overall
...__. the -_ _
-
l M
rurrer aredLortt�mnnk market, and � # considered to be a min �aaaurar� �inartion of � irirtcds-. _ _
— .
litre subint is s deadt in a condominium of cooperative prate , Dimples teas laibebig: t�ra)eatName
Subject Project Data
Prior 7-12 hints Prior 4-6 Months
Gwent -- 3 Wins
Overall Trend
Total 4 of Comparable Sales (Mild)
• Irrcneasing
° Stable i ; [#soli -
Absorption Rate (Total Safes/Months)
' 1•#L-� ...Lot
' • ble
i ' Nothing
_
■r ir c AYti•e Comparable Listimis
5i;44:c. - ill !`itil. ,5: -
. !• 8
.R� . • :�
�-- •,.! i , I:Y _7.'. •
Months of Unit Supply (Tatar Lest Ab_l )
,- }}
rJ.r...Y :� •.. _.. �. �. ... ... � ... r..�......A?.'S.( n.}•P:J1aVti6l%.Yi�Ah}J:P
i
? l .-. xac': - :-
1 • .
�.. r: r : Egg'•. wont.....i,. r-1
Are ro+recksure saes (REo sots) a factor in the
I% foreclosed properties_
project? l ,
yes
;
No lin intricate the ranter of RED ratings arid explain the trends h listings and sales of '
ILI
c
C:r
Summarize the above tends and address the impact en the stmt unit and prc4a t .
->---
_. i
_ __..
.._. .1rk ___
( 3 - geerIN.fr
....._ ....____. .._...... __ _. ...._ . ___. _ __ _ . . ____ . .. _. _ . _ . _ _
:,7--- %..
,
' Appraiser Name Tirnothvj,�Poo e Residential Appraker
SuPT.4ory Appr'aist Name
. .•_._
uiCompany Nam Timothy E. Poole. Cart d Res Appraiser
r
cz Corn Adrir>rss
IX . Company .. _ 2142'Stale Stet s - C'C • 8 1.
_
- -- - -.. _ . - - - - - - —
pant Aderess - -
2 Suit License gavelfrca im. CR4000s 01 $ 10
-_
..-
Limnsetwiri �,ft
tmai! Address pool rnequiestoff+ce•net
_ _ . _ , . _...
Address
Fria t ac Form 71 March 2
age 1 of 1
Fannie Mae Form 1004MC March 2009
Form 1004MC2 - "TOTAL,' appratal software by a lam e, inc. - 1-800-ALAMODE
Flood Map
Borrower Robert Chansler
Property Address 14116 County Road 7
Crty Mead
Lender/Client Premier Members Credit Union
County Weld
State CO
Zip Code 80542
Interlood
Prepared 10r: Tort POote
14118 County Road 7
Mead, CO 80542
MAP DATA
FEMA Special Flopd Hazard Area; No
Map Number: 08123618.99£
Zone: X
Map Date' January 20, 2016
MS, 08123
MAP LEGEND
Areas inundated by 500-yearficoding
Areas inundated by 100 -year lJoodtnp
uVelocity Hazard
1.1
en, Ca,& O5Ss5
Po:E ected Areas
Fl000way
Suhlett Area
Form MAP.FLOOD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Location Map
Borrow
Property Address
Cay
LenrietiCtieni
b.
} t!t • cr •
Robert Ctransier
14116 County Road 7
Mead
Premier Members Credit Union
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Form PAAP.LOC - 'TWA!: appraisaf software by a la node, inc. - 1-800-td_AMODE
Comparable Sales Map
Borrower
I Property Address
Cdr
Lender/Client
Robert Chansler
14116_ County Road.7.
Mead
Premier Members Credit Union
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Building Sketch
8Newer Robert °rainier
14116 minty Road 7
CitY Mead
Lender/Clan Premier Members Credit Union
Total Living Area (Rounds*
County Weld
Vie_► 8542. -
45x27a 1215
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Form SKT.BiDSKI -'T0TA .r sais l scene by a la mode Mc. 1-800-MALWE
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Subject Photo Page
Bocrwer
Property Address
City
Lender Chum
Robert Chansler
14116 County Road 7
Mead
Premier Members Credit Union
Coate. Weld
State CO Zip Code 80542
Subject North Side
14116 County Road 7
Sates MCC
Gross Liking Area 2,788
Toni Rooms 9
Total Bedrooms 4
Total Battnoorns 3.0
LoCaiion N;Res;
View B;Rural;Open
Site 6.49 ac
Quality O3
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Subject South Side
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Outbuilding
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`..-.- . Premier Iern _nat Union
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Prgresty Address
City
Len€/Client
Comparable Photo Page
Borrower
Property Address
City
Lander/Client
Robert Chansier
14116 County Road 7
Mead
Premier Members Credit Union
Courty Weld
State CO Zip Code 80542
Comparable 1
3471 Fairways Dr
Frux. to Sublect
Sale Prue
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Lotion
View
Site
Ouallty
Age
384 mites N
518,006
2,422
7
3
2.1
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f3;Rura ;Open
2.23 ac
03
3g
Comparable 2
12636 Linda Vista Or
Prox. to Sub]ec1 3.37 miles W
Sale Price 550,000
Gross Living Area 2,219
Total Rooms 7
Total Bedrooms 3
Total Bathrooms 2.1
location N;Ras,
View B;Rural;Open
Site 6.18 ac
Quality 03
Age 44
Comparable 3
2316 Horseshoe
Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
She
Ouaiiy
Age
Cir
7.34 miles NW
550,010
2,741
9
5
3.1
N;Res;
B;Rural;Open
4.16 ac
03
43
Form PIC3X5,i;R - °TOTAL' appraisal software by a la mode. inc. - 1 -800-ALMOLE.
Comparable Photo Page
Borrower
Prpoerty Address
City
Lender"Client
Robert Chansker
14116 County Road 7
Mead
Premier Members Credit Union
CountY Weld
State
Co
DPCode 80542
Comp
8520 N 107th St
Prot to Subject
Sale Price
&oss Living Area
Tc4M Rooms
Total Bedrooms
TCMdl Bathrooms
Location
View
Site
Quaky
Pry€. to Subject
Sale Price
Goss Living Area
Total Rooms
Total Bedroom
Total Brooms
Location
View
Site
0 ualitr
Age
Prot to Subs
Sat Price
Gross Living Area
Total Rooms
Tom) Bedrooms
INS Bathrooms
Location
View
Site
Qua ity
AQe
arable 4
7.61 miles SW
610,000
2,260
6
4
2.0
N;Res;
B;Rural;Open
866
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Form PIC3X5.CR -'TRIAL' appraisal software by a la mode, inc. - 1- - DDE
Listing Photo Page
Borrower
Property Address
fly
Lender/Client
Robert Chansler
14116 County Road 7
Mead
Premier Members Credit Union
Counts Weld
State eQ Zip Code 80642
Listing I
7033 Sioux Ct
Proximity to Subject 6.12 miles SE
List Price 575,000
Days on fAarice!
Gross thing Area
Total Rooms
Iota Bedrooms
Total Bathrooms
Age
Proximur to Subject
List Price
Days an Market
Gross Llving Area
Total Rooms
Total Bedrooms
Total Bathrooms
Age
Proximity to Subject
List Price
Days on Market
Gross Living Area
Total Rooms
Total Bedrooms
Toth Bathrooms
Age
Form DLSTRNT,DM#R - "TOTAL" appraisal software by a la mode, inc. -1.8OO ALAMGDE
1 Active
2.378
9
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31
40
CV:R425067
Fie No. W306716
UNIFORM APPRAISAL DATA ET (UAD) DEFINITIONS ADDENDUM
(Source: Farr, a Mae UAD Appendix x D. -U N) Find -Specific Standardization Requirements)
Condition Ratings and Definitions
Cl
The improvements have been recently constructed and have not been previously occupied. The entire structure and all components are new
and the dwelling features no physical depreciation.
Note: Newly constructed improvements that feature recycled or previously used materials and/or components can be considered new dwellings
provided that fare dwelling is placed on a 100 percent new foundation and the recycled materials and the recycled corriponeutts have been
refabili'tatedlremanufactured into like -new condition. Improvements that have not been previously occupied are not considered °new' if they
have any significant physical depreciation drat is, newly constructed dwellings that have been vacant for an extended period of time without
adequate maintenance or upkeep)_
C2
The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components
are new or have been recently repaired, refinished, or rehabilitated. Ail 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 cornpletety renovated arid
are similar in condition to new construction.
Note: The improvements represent a relatively, new property that is well maintained with no deferred maintenance and little or no physical
depreciation, or an older property, that has been recently completely renovated.
CS
The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, bit# not every
major building component. may tie updated or reventty rehabilitated. The structure has been west maintained.
Note: The improvement is in its first -cycle of replacing short-lived building components (appliances, floor coverings, HVAC, etc.) and is
being well maintained. its estimated effective age is less than its actual age. It also may reflect a property, in which the majority of
shirt -lived building components have been replaced but not to the lever 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. Alt major building
components have been adequately maintained and are functionally adequate.
Note: The estimated effective age may, be close to ix equal to its actual age. It reflects a property in which some of the short-lived building
components have been replaced, and someshort-lived building components are at or near the end of their physical rife expectancy; however,
they still function adequately. Most minor repairs have been addressed on an ongoing basis resulting in an adequately maintained property.
CS
The improvements feature obvious deterred maintenance and are in reed 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 witch 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.
(Duality Ratings and Definitions
CI 1
Dwelilncs with this quality rating are usually unique structures that are individually, designed by an architect for a specified user. Such
residences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanship
and exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high -quality
exterior refinements and ornamentation, and exceptionally high -quality Interior refinements. The workmanship, materials, and finishes
throughout the dwelling are of exceptionally high quality.
D2
Dwellings with this quality rating are often custom designed for cots icon on an individual property owner's site. However, dwel5rige in
this quality grade are also found in high -quality, tract developments featuring residence constructed from individual plans of from highly
modified or upgraded plans. The design features detailed. high quality exterior ornamentation, high -quality interior refinements, and detail. The
workmanship, materials, and finishes throughnutthe dwelling are generally at high ac very( high quattty.
UAD Version 9/2011 (Updated 4/2012)
Form l.1EF1NE1 -'TOTAL' appraisal software by a la mde. inc. -1810-ALAMODE
UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
(Sawn: Fannie Mae UAd Appendix 0: UN) Field -Specific Standarcization Requirements)
Quality Ratings and Definitions (continued)
a3
Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above -standard
residential tract developments or on an individual property owner's site. The design includes significant exterior ornamentation and interiors
that are well finished. The workmanship exceeds acceptable standards and many materials and finishes 'throughout the dwefling have been
upgraded from "stock` standards.
Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard bulling plans
are utilized and the design includes adequate fenestation and some exterior ornamentation and interior refinements_ Materials, workmanship,
finish, and equipment are of stock or builder grade and may feature some upgrades.
Gti
Dwel%ings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a
plain design using readily available or basic floor plans featuring minimal fenestratiorn and basic finishes with minimal exterior ornamentation
and limited interior detail. These dwellings meet minimum bulking codes and are constructed with inexpensive, stock materials
with limited refinements and upgrades_
06
Dwellings with thihs 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 otter mechanical
systems and equipment may be minimal or non-eadstent Older dwellings may feature one or more substandard or non -conforming additions
10 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 fttteen years of age or less often reflect an original condition with no updating, if no major
components have been replaced or updated. Those over fifteen years of age are also considered not updated if the
appliances, fixtures, and finishes are predominantly dated. An area drat is `Not Updated' may still be well maintained
and fitly functional. and this rating does not necessarily imply deferred maintenance or physical/functional deterioration.
Updated
The area of the home has been modified to meet current markt 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 anWor 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 teen 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 (cabiret(s), bathtub, or bathroom file, relocation
of plumbing/€gasfixtures/appliances. significant structural alterations (relocating walls. and/or the addition of)
square footage). This would include a complete gutting and rebuild.
Explanation of Bathroom Count
Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not
included in the bathroom count. The number of full and half baths is reported by separating the two values using a
period, where the full bath count is represented to the left of the period and the half bath count is represented to the
right of the period.
Example:
3.2 indicates three full baths and two half baths
UAD Version 9/2011 (Updated 4/2012)
Fella UADDETINE1 - `TOTAL" appraisal software by a la mom, inc. - 1-800-ALAMOOE
UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
(Source: Fannie Mae UAD Appendix D: UAD Field -Specific Standarciratian Requirements)
Abbreviations Used in Data Standard nation Text
.{9•'^V`:i�-! r
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r' l e i ..y 5.. r
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.t '.•. i.+:lf � .l'y.I. ,{i...�...5/•��ti. ^�hh: 4 �✓{h ,� a.K ..4:.k:
ac
Acres
Area, Site
A ''rt'
A ► . cent to Perk
-
Location
Ad Pwr
Ad' ' cent to Power Lines
—
Loon .-• -
A
Adverse
-- -
Lovell_on & View — — — -
-
Armith
Aims Le in Sale
Sale or Financi ± Concessions
ha
Broom s
Basement & Anishad Rooms Below Grade
Ix
Bedroom_ _
Basement & Anisheoi Rooms Below Grade
B
Bendel
-
-
- - -
Lotion & View
Cash
_
Sale or Fiardrig Concessicxzs
CA View _Skyline View
View
C' t
-
--- -
View
Comm
Commercial Influence
Loon
c
Contracted Date
bate of Sa1eiTune - — — - -
—
— -
Cony
Conventional
-
Sale ter F-nancirriConcessions_..
CrtOrd
Court Ordered Sale
Sale Or
Fine.rncl® Concessions
DOM
as s On Market
Data Sources
@
,i rradon Date
Date of Sale/T'ette
Estate
Estate Sale
_
-
-
_
Sale ar Financing Concessions
FHA
Federal Housi . Auth « '
Sale or anci 4 Concessions - Frn
- -
—
GifCse
Got Course
Location — -
-
Gtfvw
—
Coif Course View
View
rnd
Industrial
Location & View
in
interior Only Stairs
Basement & Finished Rooms Below Grade
L.ndfl
Landfill— -- - -
-
Location
LtdS • ht
Limited Sight
View
Listi •
Lislin,
Sale or Financi I Concessions
1Vttn
Mountain View
View
N
Neutral
Location S View
HonArrn
Non -Arms Len ' ' Sale
Sale or Financing Concessions
BsyRd
Bu Road
Location
Other
_
Basement & Finished'Roams Below Grade
Park view
View
Pstri
PView - --
-
View
PwrLn
Power Lines
View
PubTrn
Public Transportation
-
-
- _
_Location
rr
Recreational Rec Room
Basement & Finished Roans Below Grade
Reto
Relocation Sale
Sale or Financing Concessions
REO
REO Sale _
Sale or Finance/ • Concessions
Res
Residential -
-
-
-
Location & View
RH
USDA - Rural Housing _
Sale or Financing ConCes•sions
s
Settlement Date -
_
Date of Sale/Tine
-
Short
Short Sale
Sale or Financi ± Concessions
sf
Square Feet
Area, Site, Basement
sqm
Square Meters
Area, Site
Unk
Unknown
Date of Sate/Time
VA
- _
Veteransi drrlinistratian
-
-
- - _ _
Sale or Financi,Concessions
v.
W'rtrrdrawn Date
Date of Sale/rime
wo
Walk Out Basement
Basement & Rrtished Rooms Below Grade
wu
Walk Up Basement
Basement & Finished Rooms Below Grade
Er
Water Fr • r. i e
Location
Wtr
Water View
View
Woods
Woods View
View
Other Appraiser -Defined Abbreviations
-.,, A+.mow Y7.r
.A'. , -ri f. t
Y2•{.1• -.r 1 a5. i C '•:
( ■
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f. VaK..�fJn• hi•!•.s+w�
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(� Ati7]-f
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v-¢:}:.{L•C:0.{4 h. 5'.'{ :1
1. Y1 J. •.Nl.
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t{1'.• �
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vj. .S. Vi-{{{•. J. .S.. .w.Y. .. 4{'•' ,Yyf .+^54
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• -
a
Ga.s forced with air
$ Ies Com lain ! I cach H • .i I Coolin!
CAC
Central Air Conditioning
Sales Compaarf$tn __ • I roach Heatin+ ooh
- --
-
Com m r rIr
_
-
Improvements
General De cri�tion bell • n
_Conternp
CPorch
Covered Porch
Sails Comparison A «proach Porret at eck
Dec
Deck
Sales Com' .rison is oach Pore -amts 'eck
Patio
Sales Comparison Approach Porch/Patio/Deck
aM._ _
_
_
Porch
--
-
Sales Com' . rtson A« «roach Pore aat1o1Deck
CPch
C i vered Porch
Sales Comparison Approach Por�cl patio/Deck
— _
CPt'
_
Cove : • Patio
--
-
Sales om + . ilson ! « «roach Pore • • l 4 1 eck
Ba
Balcony.. --
--
- -
-
Sales Comparison Approach _ Porch/Pat�eck_. --
- -
Sun
-
Sunroom -. ,_.
_
Sales Comparison Approach Porch/Patio/Deck
-
-
--
UAD Version 9/2011 (Updated 4/2012)
Form 11ADDEFJNE1 - TOTAL' appraisal software by a3/43 MOde, lrte.-1-tlaALAMCDE
Credentials
Director: Marcia Waters
Timothy E. Poole
Certified Residential Appraiser
STATE OF COLORADO CERTIFIED RESIDENTIALAPPRA1SER #CR40005701
QUALIFICATIONS OF THE APPRAISER
My educational background is formed by studies in Business & Real Estate at Palm Beach Jr.
College in Lake Worth, Florida and the Univeisity ofColorado in Boulder, Colorado. Since then I
have had over 25 years of continuing education in the fields of Real Estate, Real Estate Law,
Finance and Real Estate Appraisal,
l am licensed with the State of Colorado Board of Deal Estate Appraisers with a designation
of Certified Residential Appraiser under the regulations of the State ofColorado, which meet
FIRREA regulations for qualified appraisers aid appraisal standards.
1 have successfully completed the following comes pertaining to appraisal of residential. and
income property required to obtain my State of Colorado designation. I have also successfully
completed the required courses of Standards of Professional Appraisal Practices and Ethics as
well as all required continuing education.
Registered Appraiser 1996
Small Residential Income Property 1998
Basic Appraisal Applications 2000
Modular/Manufactttred Housing 2003
Residential Construction 2006
Guidelines for Factory -Built Homes 2006
Appraising & Reporting for the Secondary Market 2006
Fl, Appraisal Fonts and Guidelines 2008
Data Analysis in a Declining Market 2009
Residential Report Writing 2009
Rome Valuation Code of Conduct 2009
Implementing the New FNMA Form 1004MC 2009
Complex Properties 2011
Statistics, Modeling & Finance 2011
Appraisal Subject matter Eiedives 2012
Sincerely}
Timothy E. Poole, Certified Residential Appraiser
Uganda .o1+Agaricies
tDiritite al Altai Late
_~1zThaisail • •}.t.
titers*(1.
Verify this test at http; I ld asato -admenrf*e
der ) I Tr. -'4
Li
Farm SCNLGL - "TOTAL` appraisal software by a la model inc. -1-800-A►LAM{ QE
July 21, 2017
Petitioner:
CHANSLER ROBERT C
14116 COUNTY ROAD 7
MEAD, CO 80542-9612
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.co.weld.co.us
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO
NOTIFICATION OF HEARING SCHEDULED
Docket #: 2017-2342, AS0097 Appeal #: 2008216854 Hearing Date: 7/27/2017 10:30 AM
Account(s) Appealed:
R0029693
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of JULY 27, 2017, at or about the
hour of 10:30 AM, to hold a hearing on your valuation for assessment. This hearing will be
held at the Weld County Administration Building, Assembly Room, 1150 0 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, 2017, 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 obtain the data supporting the Assessor's valuation of your property, please
submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you
have questions, call (970) 353-3845. Upon receipt of your written 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
el'eA
'1-, W. "Cd,411.C.,
Esther E. Gesick
Clerk to the Board
Weld County Board of County Commissioners
cc: Christopher Woodruff, Assessor
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