HomeMy WebLinkAbout20172199.tiffAugust 17, 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
LJR JOHNSTOWN LLC
PO BOX 422
BERTHOUD, CO 80513-0422
Account No.: R0549001
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you have withdrawn the petition challenging the valuation of the above Account number.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be informed that a withdrawn petition precludes any further challenge to the valuation of the above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
C.L�w C• �-Wr.�
Esther E. Gesick
Clerk to the Board
Weld County Board of County Commissioners
cc: Christopher Woodruff, Assessor
2017-2199
AS0097
From: weld-cboe@weldgov.com
To: CTB-Countv Board of Equalization
Subject: Board of Equalization Appeal Submitted
Date: Friday, July 07, 2017 2:10:26 PM
Attachments: 2017 Tax Assesment.odf
Appeal Submitted: 02:10 PM on Friday July 7, 2017
Contact Information Supplied:
• Contact Name: LJR Johnstown LLC
• Contact Email: ljrhode@intechsi.com
• Contact Phone: (970) 532 - 7770Ext. 2
• Email Preference: Contact through email
Property:
R0548801 - 332 MOUNTAIN VIEW RD , JOHNSTOWN
Legal: JOH MVCPC UNIT 4 BLDG 332 MOUNTAIN VIEW COMMERCIAL PARK
CONDO
Estimated Value: $ 145000
Reason: This property was purchased 10-04-14 for $115,000. It has some small office
improvements in the front that are now about 15 years old, aged and showing it. The assessor
agreed at that time with that assessment. In a year and a half now it is believed that this
property should be assessed for 49% more. I believe this is way out of line for this property. I
do not believe that it could be sold for the assessed value. My pre -triple net rent on this
property is $1100. This too does not warrant this assessed value. I do believe that values are
up in this area, this business park itself has not been kept up and this has hurt the values in
general. There are two properties that I know of out here for sale that are not moving and I
believe that to be because of the general condition of the Association grounds, additionally
this is hurting rentals. There are three units currently looking for leasers. The value of other
newer facilities in the adjacent area do not directly reflect on the values of these facilities, they
in fact attract buyers and tenants over these, lowering the values of these units.
R0548901 - 332 MOUNTAIN VIEW RD , JOHNSTOWN
Legal: JOH MVCPC UNIT 5 BLDG 332 MOUNTAIN VIEW COMMERCIAL PARK
CONDO
Estimated Value: $ 140000
Reason: This property was purchased for $130,000 in December of 2013. This is an empty
shell with no improvements. It was last assessed at $130,000. Although I do believe that
values are up in this area, this business park itself has not been kept up and this has hurt the
values in general. There are two properties that I know of out here for sale that are not moving
and I believe that to be because of the general condition of the Association grounds,
additionally this is hurting rentals. There are three units currently looking for leasers. The
value of other newer facilities in the adjacent area do not directly reflect on the values of these
facilities, they in fact attract buyers and tenants over these, lowering the values of these units.
054900- 332 MOUNTAIN VIEW RD , JOHNSTOWN
Legal: JOH MVCPC UNIT 6 BLDG 332 MOUNTAIN VIEW COMMERCIAL PARK
CONDO
Estimated Value: $ 160000
Reason: This unit has two offices and a training room as front improvements with the back
remaining as unimproved warehouse. This property was purchased in 11-29-2016 for
$190,000 but that price was excessive due to the fact that I was forced to pay for the tenant
improvements within that purchase price. This price unfortunately incorrectly tainted the true
prices for units in this business park. Prices since 2014 through 2016 have ranged from
$115,000 to $179,000. There have been different ranges of configurations of these units that
have sold and this business park was once in better condition than it is in today. I believe that
with these improvements and the relative time -frame of them the property could assess at
$160,000. However that does not mean it could sell at that as it is a custom build that would
not suit many buyers. I do believe that values are up in this area, this business park itself has
not been kept up and this has hurt the values in general. There are two properties that I know
of out here for sale that are not moving and I believe that to be because of the general
condition of the Association grounds, additionally this is hurting rentals. There are three units
currently looking for leasers. The value of other newer facilities in the adjacent area do not
directly reflect on the values of these facilities, they in fact attract buyers and tenants over
these, lowering the values of these units.
Documents
1.) 2017 Tax Assesment.pdf
You have selected the following Date Preferences:
Aug. 3, 2017, at 9:00 a.m. - 11:30 a.m.
Aug. 2, 2017, at 1:30 p.m. - 3:00 p.m.
Aug. 1, 2017, at 2:30 p.m. - 4:30 p.m.
Aug. 2, 2017, at 3:00 p.m. - 4:30 p.m.
2017 Tax Assessment Protest
I tried to attach a PDF slideshow to show the current shape of the Mountain View Commercial
Properties and the condition that the Association has allowed these properties to deteriorate to.
Unfortunately your system does not appear to be taking this file. I will bring this to a hearing. I
do invite you to look drive out and look at these properties and the condition of the grounds,
properties, and the buildings. The poor care is impacting the values of all of the properties within
this business park driving potential buyers and leasers to adjacent parks and properties. This is
reducing the values of these properties. This is part of my justification as to what I am
representing in my protest of my tax assessments. I have been attempting to work with the
current Association Board and have engaged my Attorney as well but at this time there is
significant damage to the grounds, the parking lot, and even the building that was caused by
another tenant. That is to my Unit 332 #8. That damage has existed for over 9 months and the
Association Board has taken no action to repair this damage. This impacts and lowers the values
of all of these Units in the Mountain Valley Commercial Park. I have many pictures of these
grounds
Other units that have sold in the MVCP from 2014 to 2016 are:
12-23-2013
09-26-2014
06-14-2014
10-06-2014
02-02-2015
02-23-2016
332 Mountain View Road, Unit #5
372 Mountain View Road, Unit #1
372 Mountain View Road, Unit #14
332 Mountain View Road, Unit #4
372 Mountain View Road, Unit #2
372 Mountain View Road, Unit #9/10
$130,000
$165,000
$150,000
$115,000
$155,000
$162,500
R0548801
332 MOUNTAIN VIEW RD , JOHNSTOWN
JOH MVCPC UNIT 4 BLDG 332 MOUNTAIN VIEW COMMERCIAL PARK CONDO
145000
This property was purchased 10-04-14 for $115,000. It has some small office improvements in
the front that are now about 15 years old, aged and showing it. The assessor agreed at that time
with that assessment. In a year and a half now it is believed that this property should be assessed
for 49% more. I believe this is way out of line for this property. I do not believe that it could be
sold for the assessed value. My pre -triple net rent on this property is $1100. This too does not
warrant this assessed value. I do believe that values are up in this area, this business park itself
has not been kept up and this has hurt the values in general. There are two properties that I know
of out here for sale that are not moving and I believe that to be because of the general condition
of the Association grounds, additionally this is hurting rentals. There are three units currently
looking for leasers. The value of other newer facilities in the adjacent area do not directly reflect
on the values of these facilities, they in fact attract buyers and tenants over these, lowering the
values of these units.
R0548901
332 MOUNTAIN VIEW RD , JOHNSTOWN
JOH MVCPC UNIT 5 BLDG 332 MOUNTAIN VIEW COMMERCIAL PARK CONDO
140000
This property was purchased for $130,000 in December of 2013. This is an empty shell with no
improvements. It was last assessed at $130,000. Although I do believe that values are up in this
area, this business park itself has not been kept up and this has hurt the values in general. There
are two properties that I know of out here for sale that are not moving and I believe that to be
because of the general condition of the Association grounds, additionally this is hurting rentals.
There are three units currently looking for leasers. The value of other newer facilities in the
adjacent area do not directly reflect on the values of these facilities, they in fact attract buyers
and tenants over these, lowering the values of these units.
R0549001
332 MOUNTAIN VIEW RD , JOHNSTOWN
JOH MVCPC UNIT 6 BLDG 332 MOUNTAIN VIEW COMMERCIAL PARK CONDO
160000
This unit has two offices and a training room as front improvements with the back remaining as
unimproved warehouse. This property was purchased in 11-29-2016 for $190,000 but that price
was excessive due to the fact that I was forced to pay for the tenant improvements within that
purchase price. This price unfortunately incorrectly tainted the true prices for units in this
business park. Prices since 2014 through 2016 have ranged from $115,000 to $179,000. There
have been different ranges of configurations of these units that have sold and this business park
was once in better condition than it is in today. I believe that with these improvements and the
relative time -frame of them the property could assess at $160,000. However that does not mean
it could sell at that as it is a custom build that would not suit many buyers. I do believe that
values are up in this area, this business park itself has not been kept up and this has hurt the
values in general. There are two properties that I know of out here for sale that are not moving
and I believe that to be because of the general condition of the Association grounds, additionally
this is hurting rentals. There are three units currently looking for leasers. The value of other
newer facilities in the adjacent area do not directly reflect on the values of these facilities, they in
fact attract buyers and tenants over these, lowering the values of these units.
I tried to attach a PDF slideshow to show the current shape of the Mountain View Commercial
Properties and the condition that the Association has allowed these properties to deteriorate to.
Unfortunately your system does not appear to be taking this file. I will bring this to a hearing. I
do invite you to look drive out and look at these properties and the condition of the grounds,
properties, and the buildings. The poor care is impacting the values of all of the properties within
this business park driving potential buyers and leasers to adjacent parks and properties. This is
reducing the values of these properties. This is part of my justification as to what I am
representing in my protest of my tax assessments. I have been attempting to work with the
current Association Board and have engaged my Attorney as well but at this time there is
significant damage to the grounds, the parking lot, and even the building that was caused by
another tenant. That is to my Unit 332 #8. That damage has existed for over 9 months and the
Association Board has taken no action to repair this damage. This impacts and lowers the values
of all of these Units in the Mountain Valley Commercial Park. I have many pictures of these
grounds
Other units that have sold in the MVCP from 2014 to 2016 are:
12-23-2013
09-26-2014
06-14-2014
10-06-2014
02-02-2015
02-23-2016
332 Mountain View Road, Unit #5
372 Mountain View Road, Unit #1
372 Mountain View Road, Unit #14
332 Mountain View Road, Unit #4
372 Mountain View Road, Unit #2
372 Mountain View Road, Unit #9/10
Larry J, Rhodes
Owner
LJR Johnstown LLC
970-532-7771, Extension 2
$130,000
$165,000
$150,000
$115,000
$155,000
$162,500
Hello