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Home My WebLink About20152584.tiff \ 18617 CLERK TO THE BOARD �" PHONE ( 970 ) 336-7215 , EXT 4226 Ir FAX ( 970 ) 352 -0242 WEBSITE : www . co . weld . co . us 1150 O STREET • P . O . BOX 758 QU _ �J T Y GREELEY CO 80632 1 August 6 , 2015 FELSENTHAL MELISSA 114 S COLUMBINE AVE JOHNSTOWN , CO 80534-8548 Account No. : R4517286 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Petitioner(s) : Based upon information furnished to the Weld County Board of Equalization , we understand that you have withdrawn the petition challenging the valuation of the above Account number. Please be informed that a withdrawn petition precludes any further challenge to the valuation of • the above Account number for this assessment period .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 dotattiNit sideto :A Esther E . Gesick Clerk to the Board Weld County Board of County Commissioners cc : Christopher Woodruff, Assessor 2015-2584 AS0091 -1/2o apGiCa_ w i)cin mtw r E . -1-WweLuir‘ Au sED WeaSimIXasAD II 130 Anek --319 - a57 - 6970A rZ(16° 2015-2584 NOTICE OF DETERMINATION RECEIVED Christopher M. Woodruff JUL 1 5 2015 Date of Notice: 6/30/2015 Weld County Assessor Telephone: (970) 353-3845 1400 N 17th Ave WELD COUNTY Fax: (970) 304-6433 Greeley, CO 80631 COMMISSIONERS Office Hours: 8:00AM-5:00PM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/PHYSICAL LOCATION R4517286 2015 0567 JOH 21829 L3-4 BLK8 MARY C PARISH ADD w FELSENTHAL MELISSA 114 COLUMBINE 114 S COLUMBINE AVE JOHNSTOWN,CO 000000000 oJOHNSTOWN,CO 80534-8548 re W O a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW RESIDENTIAL 153,990 144,144 TOTAL $153,990 $144,144 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: AL02 - The actual valuation of your property has been adjusted based on new information. This may be information you have supplied, corrections of characteristics or additional sales. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional information. Agent (If Applicable): C C. CUAA 7/is 6000-0159 AScog' APPEAL;:PROCEDURES County Board of Equalization Hearings will be held from July 29 through August 5 at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property — after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 10, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colorado.aov/baa telephone number. Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2014? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 1 ?'"1164x0 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 instV d cost, appraisal, etc.) cl ic1C irat.s-a ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on a attachments her o are t and complete. c / Signature Telephone Number Date Okaji A . Uv 1 d e) (c w\ Email Address ' Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/13 R4517286 8430970 6850596344 File Na 114SCOLUMBINE I APPRAISAL OF -a .4.-:-Z,; - r-'''''7',:3 f I if 1 �k` -c +r b 1 — i , .. tc r1 .r* s' e LOCATED AT: 114 S Columbine Ave Johnstown,CO 80534-8548 FOR: a 4848Bank ThomColorpson Pkwy Johnstowofn,CO 80534 BORROINER: Nicholas/Melissa Felsenthal I AS OF: May 7,2015 I BY: KENDALL FLEMING I 6850596344 File No. 114SCOLUMBINE UNITED STATES APPRAISALS Bank of Colorado 4848 Thompson Pkwy Johnstown,CO 80534 File Number: 114SCOLUMBINE II In accordance with your request, I have appraised the real property at: 114 S Columbine Ave Johnstown,CO 80534-8548 The purpose of this appraisal is to develop an opinion of the market value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the market value of the property as of May 7,2015 is: $137,000 One Hundred Thirty-Seven Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. 42. KENDALL FLEMING 6850596344 Uniform Residential Appraisal Report File Na. 114SCOLUMBINE The purpose of this summary appraisal report is to provide the lender/client with an accurate,and adequately supported,opinion of the market value of the subject property. Property Address 114 S Columbine Ave City Johnstown State CO Zip Code 80534-8548 Borrower Nicholas/Melissa Felsenthal Owner of Public Record Sloan Donald S/Barbara K County WELD Legal Description JOH 21829 L3-4 BLK8 MARY C PARISH ADD Assessor's Parcel* 105905408004 Tax Year 2014 R.E.Taxes$667 v Neighborhood Name MARY C PARISH ADD Map Reference N/A Census Tract 0021.02 Occupant QOwner X Tenant ❑Vacant S ecial Assessments$0 ❑PUD HOA$0 ❑per year ❑per month Property Rights Appraised Fee Simple ❑Leasehold Other describe) Assignment Type EPurchase Transaction E Refinance Transaction 1 j Other(describe) Lender/Client Bank of Colorado Address 4848 Thompson Pkwy,Johnstown,CO 80534 Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? X❑Yes n No Report data source(s)used,offering price(s),and date(s). DOM 34;PER THE IRESMLS#760340 THE SUBJECT WAS LISTED 04/13/2015 FOR $1'300 000. I II did Li did not analyze the contract for sale for the subject purchase transaction.Explain the results of the analysis of the contract for sale or why the analysis was not performed. Arms length sale;STANDARD PURCHASE CONTRACT U Contract Price$136,000 Date of Contract 04/16/2015 Is the properly seller the owner of public record? X❑Yes ❑No Data Source(s)ASSESSOR Is there any financial assistance(loan charges,sale concessions,gift or downpayment assistance,etc.)lobe paid by any party on behalf of the borrower? ❑Yes O No U If Yes,report the total dollar amount and describe the items to be paid. $0;;No financial assistance provided. Note:Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics One-Unit Housing Trends One-Unit Housing ;,Present Land Use% Location rr Urban X Suburban Rural Property Values Increasing Xr Stable Declining PRICE AGE One-Unit 75% Built-Up 4 Over 75% r�25-75% Under 25% Demand/Supply XI Shortage In Balance Over Supply $(000) (yrs) 2-4 Unit 5% Growth Rapid X Stable Slow Marketing Time X Under 3 mlhs �3-6 mths ,__,Over 6 mths 75 Low 10 Multi-Family 5% =Neighborhood Boundaries NEIGHBORHOOD BOUNDED BY PARISH AVE.EAST/HWY 56 250 High 120 Commercial 5% SOUTH/VACANT LAND NORTH AND TELEP WEST. 135 Pred. 75 Other VAC 10% Neighborhood Description See Attached Addendum Market Conditions(including support for the above conclusions) See Attached Addendum Dimensions 9000 SF Area 9000 sf Shape RECTANGULAR View N;Res; Specific Zonin Classification R Zoning Description RESIDENTIAL Zoning Compliance X Legal Legal Nonconforming(Grandfathered Use) [1 No Zoning `I�1'Illegal(describe) Is the highest and best use of the subject properly as improved(or as proposed per plans and specifications)the present use? 0 Yes ❑No If No,describe. Utilities Public Other(describe) Public Other(describe) Off-site Improvements—Type Public Private Electricity X r Water X 1 Street ASPHALT X Gas X r--1 Sanitary Sewer X Alley NONE _ _ C FEMA Special Flood Hazard Area J Yes X❑No FEMA Flood Zonne1X FEMA Map if 08069C1410F FEMA Map Date 12/19/2006 Are the utilities and off-site improvements typical for the market area? [J Yes 1 1 No If No,describe. Li (Xi Are there any adverse site conditions or external factors(easements,encroachments,environmental conditions,land uses,etc.)? Yes No If Yes,describe. NO APPARENT ADVERSE EASEMENTS OR ENCROACHMENTS.NO KNOWN SPECIAL ASSESSMENTS.NOT IN A SLIDE AREA. APPRAISER DID NOT SURVEY,TEST SOIL,OR MAKE RADON TESTS.NO KNOWN OR APPARENT ADVERSE ENVIRONMENTAL CONDITIONS THAT WOULD NEGATIVELY IMPACT THE VALUE OF THE PROPERTY. GENERAL DESCRIPTION FOUNDATION EXTERIOR DESCRIPTION materials/condition INTERIOR materials/condition Units 0 One ❑One with Accessory Unit RConcrete Slab X Crawl Space Foundation Walls CONC A Floors HW/LINO A #of Stories 1 Full Basement , Partial Basement Exterior Walls FRAME A Walls PLAST/PNL A Type ❑XDet. ❑Alt. li5-Del./End Unit Basement Area 0 sq.ft. Roof Surface ASPH SH A Trim/Finish PAINTED A ' XX Existing ❑Proposed Under Const. Basement Finish 0% Gutters&Downspouts METAL A Bath Floor LINO A Design(Style)BUNGALOW ❑Outside Ern—try'1/Exit ❑Sump Pump Window Type DBL HNG A Bath Wainscot FIBERGLS A Year Built 1956 El of l J Infestation Storm Sash/Insulated DBL PN A fC�alr Storage U None Effective Age(Yrs)20 1 I Dam2ness 1 Settlement Screens YES A 1 i Driveway d of Cars 1 Attic None Heatin4 X FWA HWBB Radiant Amenities WoddStove s 1/0 Drivewa Surface CONC Drop Stair Stairs Other Fuel NGAS !Flreplace(s)8 0 X Fence FENCE X Garage A of Cars 1 Floor X Scuttle Cooling ` ,Central (rAir lConditioning (5?Patio/Deck CPAT �X1 Porch CP/EP _Carport r-d of Cars r0--1 Finished �...Heated Individual j1 ]Other NONE l Pool None JOther None X Alt. I 7Det. t 7Built-in Appliances Li Refrigerator U Range/Oven X Dishwasher C Disposal I IMicrowave I I Washer/Dryer I I Other(describe) Finished area above grade contains: 5 Rooms 2 Bedrooms 1.0 Bath(s) 918 Square Feet of Gross Living Area Above Grade Additional features(special energy efficient items,etc.). COVERED FRONT PORCH,FENCE,COVERED PATIO.3 CEILING FANS.ENCLOSED e' BACK PORCH.NO LAUNDRY ROOM,WASHER IN KITCHEN,DRYER ON PORCH. g Describe the condition of the property(including needed repairs,deterioration,renovations,remodeling,etc.). C4;No updates in the prior 15 years;UTILITIES ON AND REPRESENTATIVE SAMPLE INDICATED WORKING ORDER.APPLIANCES FUNCTIONAL HEAT FUNCTIONAL.UNABLE TO ACCESS CRAWL SPACE-ACCESS BLOCKED.UNABLE TO ACCESS ATTIC SCUTTLE LOCATED ABOVE REFRIGERATOR COULD NOT REACH.REQUIREMENTS-PROVIDE ACCESS,INSTALL SPLASHBLOCKS AT DOWNSPOUTS WHERE MISSING, LEAD PAINT ABATEMENT,REMEDY DEFECTIVE PAINT WHEREVER IT EXISTS ON THE PROPERTY. <continued in addendum> Are there any physical deficiencies or adverse conditions that affect the livability,soundness,or structural integrity of the property? ❑Yes E No If Yes,describe. Does the property generally conform la the neighborhood(functional utility,style,condition,use,construction,elc,)1 X❑Yes ❑No If No,describe. Freddie Mac Fpm 70 March 2005 UAD Version 9/2011 Produced using ACI software,800 234 8727 wvvad+reb.cam Fannie Mae Form 1004 March 2005 Page 1 of 1004 05UA007222014 6850596344 Uniform Residential Appraisal Report File No. 114SCOLUMBINE There are 2 comparable properties currently offered for sale in the subject neighborhood ranging in price from$ 112,300 to E 138,950 . There are 9 comparable sales In the subject neighborhood within the past twelve months ranglnq in sale price from$ 108,800 to E 180,000 . FEATURE I SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 114 S Columbine Ave 209 N Estes Ave 109 N Rutherford Ave 815 Charlotte St Address Johnstown,CO 80534-8548 Johnstown,CO 80534-8506 Johnstown,CO 80534-8639 Johnstown,CO 80534-8405 Proximity to subject 0.11 miles NW 0.18 miles SE 0.27 miles SW Sale Price $ 136,000 S 119,500 $ 131,000 E 137,500 Sale Price/Gross Liv.Area $ 148.15 sq.ft. 5 138.31 sq.ft $ 161.13 sq.ft. $ 149.29 sq.ft. Data Source(s) MLS/IRES#729422;DOM 99 MLS/IRES#760045;DOM 22 MLS/IRES#747405;DOM 78 Verification Source(s) ASSESSOR-EXT INSP ASSESSOR-EXT INSP ASSESSOR-EXT INSP VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +l-)t Adjustment DESCRIPTION ef.ftAdjustment DESCRIPTION 41 Adjustment Sale or Financing ArmLth ArmLth ArmLth Concessions RH;3000 0 Conv;0 Conv;0 Date of Sale/Time 506/14;004/14 s04/15;c04/15 s12/14;c11/14 Location N;Res; N;Res; N;Res; N;Res; Leasehold/Fee Simple Fee Simple FEE SIMPLE FEE SIMPLE FEE SIMPLE Site 9000 sf 4000 sf 5,000 4300 sf 3,500 8627 sf 0 View N;Res; N;Res; N;Res; N;Res; Design(Style) DT1;BUNGALOW DT1;BUNGALOV DT1;BUNGALOV DTI;BUNGALOVI Ouality of Construction O4 Q4 Q4 O4 Actual Age 59 87 0 77 0 59 Condition C4 C4 C4 C3 -5,000 Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms. Baths Total Bdmis Baths Room Count 5 2 1.0 4 2 1.0 0 5 2 1.0 5 2 1.0 Gross LMnq Area 35 918 sq.ft. 864 sq.ft. 1,900 813 sq.n. 3,700 921 sq.If. 0 Basement&Finished Osf Osf 300sf0sfin -3,000 Osf Rooms Below Grade x Functional Utility AVERAGE AVERAGE AVERAGE AVERAGE o Heating/Cooling GFA/NONE GFA/NONE GFA/NONE GRAV/NONE 1,500 ce Energy Efficient Items DBL PN WIN DBL PN WIN DBL PN VVIN DBL PN WIN aGarage/Carport lgaldw None 5,000 None 5,000 lgaldw z Porch/Patio/Deck EPO,CP,CPO SHED,DK,CPO 3,000 SHED 7,000 SP SYS,PAT 3,000 0 N FENCE FENCE FENCE FENCE a. 2 Net Adjustment(Total) lxi+ ❑- $ 14,900 Cl e (1• $ 16,200 ❑+ E- E 500 w Adjusted Sale Price ',Net Adj. 12.5% Net Adj. 12.4% Net Adj. -0.4% NofColmparables Gross Adj. 12.5% $ 134,400 Gross Adj. 16.9% 5 147,200 Gross Adj. 6.9% 5 137,000 I U did U did not research the sale or transfer history of the subject property and comparable sales.If not,explain My research ❑did (5I did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data source(s ASSESSOR My research X f--7 did l l did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale. Data source(s) ASSESSOR Report the resuts of the research and analysis of the prior sale or transfer history of the subject property and comparable sales(report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 Date of Prior Sale/Transfer Price of Prior Sale/Transfer Data Source(s) ASSESSOR ASSESSOR ASSESSOR ASSESSOR Effective Date of Data Source(s) 05/07/2015 05/13/2015 05/13/2015 05/13/2015 Analysis of prior sale or transfer history of the subject properly and comparable sales NO PRIOR SALES OF SUBJECT IN PAST 3 YEARS OR COMPS IN YEAR PRIOR.COMP 4 TRANSFERRED 01/2015 WITH NO SALES PRICE GOING TO THE BANK IN FORECLOSURE. Summary of Sales Comparison Approach. VERY LIMITED SALES TO CONSIDER IN THIS SMALLER COMMUNITY.USED COMP 1 WITH ADJUSTMENT FOR SMALLER SITE,GLA,GARAGE AND INCLUSIONS.DATED SALE SELLING 11 MONTHS AGO-MARKET GENERALLY STABLE IN THAT TIME.COMP2 ADJUSTED FOR SMALLER SITE,GLA,BASEMENT,GARAGE AND INCLUSIONS. COMP 3 ADJUSTED FOR SUPERIOR MORE UPDATED CONDITION,DIFFERENCE IN HEAT SYSTEM AND INCLUSIONS.GLA AND SALES PRICE IS BRACKETED.COMPS ARE BEST TO CONSIDER. Indicated Value by Sales Comparison Approach 5 137,000 Indicated Value by: Sales Comparison Approach 8137,000 Cost Approach(Ifdeveloped)$138,400 Income Approach(Ifdeveloped)E 3 APPROACHES TO VALUE CONSIDERED.MOST WEIGHT GIVEN TO THE DIRECT SALES COMPARISON APPROACH WHICH z REFLECTS DIRECT ACTIONS OF BUYERS/SELLERS,SUPPORTED BY THE COST APPROACH.INCOME APPROACH NOT USED a DUE TO A LACK OF RENTAL DATA IN PRIMARILY OWNER OCCUPIED AREA. This appraisal is made III'as is; ❑subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, J z❑X subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed,or ❑subject to the following required 0 inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair: SUBJECT TO THE MPR'S-NOTED IN THE o LLI COMMENT SECTION.PER USDA INSTRUCTIONS. ce Based on a complete visual Inspection of the interior and exterior areas of the subject property,defined scope of work,statement of assumptions and limiting conditions,and appraiser's certification,my four)opinion of the market value,as defined,of the real property that is the subject of this report is$ 137,000 as of 05/07/2015 ,which is the date of inspection and the effective date of this appraisal. Freddie Mac Form 70 March 2005 UAD Version 912011 Produced using ACI sa0ware.800 234 8727 www.adweb coin Fannie Mae Form 1004 March 2005 Page 2 el 6 1004 0511AD07222014 fleming appraisal 6850596344 Uniform Residential Appraisal Report File No. 114SCOLUMBINE MPR'S REQUIRED- LEAD PAINT ABATEMENT FENCE,WINDOW FRAMES,TRIM AND INTERIOR CEILING.PROVIDE CRAWL SPACE AND ATTIC ACCESS-ADDL REQUIREMENTS MAY BE MADE AT TIME OF INSPECTION.INSTALL SPLASHBLOCKS WHERE MISSING. WHEN REPAIRED SUBJECT WILL MEET ALL HUD/FHA MINIMUM PROPERTY REQUIREMENTS AS SET FORTH IN HANDBOOKS 4905.1 AND 4150.2. 4n z w 0 U J z Z 0 H S COST APPROACH TO VALUE(not required by Fannie Mae) Provide adequate information for the lender/client to replicate the below cost figures and calculations. Support for the opinion of site value(summary of comparable land sales or other methods for estimating site value) SITE VALUE BASED ON AREA SITE SALES ALONG WITH MARKET EXTRACTION. U ESTIMATED ❑REPRODUCTION OR X❑REPLACEMENT COST NEW OPINION OF SITE VALUE _$ 50,000 Source of cost data MARSHALL AND SWIFT Dwelling 918 Sq.Ft.0$ 99.19 =$ 91,056 a Quality rating from cost service AVE Effective date of cost data 06/2014 Sq.Ft.c$ =$ 0 Comments on Cost Approach(gross living area calculations,depreciation,etc) ADDL FEATURES 15,000 ui REFERENCE MARSHALL AND SWIFT COST AS GUIDE. Garage/Carport 322 Sq.FL O$ 22.42 =$ 7,219 v PHYSICAL DEPRECIATION FOR EFF.AGE-NO FUNCTIONAL Total Estimate of Cost-New =$ 113,275 OR EXTERNAL INADEQUACIES NOTED. Less 65 Physical Functional External Depreciation $34,853 _$( 34,853) Depreciated Cost of Improvements =$ 78,422 "As-is"Value of Site Improvements =$ 10 Oe 00 Estimated Remaining Economic Life(HUD and VA only) 45 Years INDICATED VALUE BY COST APPROACH =$ 138,400 INCOME APPROACH TO VALUE(not required by Fannie Mae) Estimated Monthly Market Rent$ X Gross Rent Multiplier =$ Indicated Value by Income Approach z Summary of Income Approach(Including support for market rent and GRM) PROJECT INFORMATION FOR PUDs(If applicable) Is the developer/builder in control of the Homeowners'Association(HOA)? ❑Yes ❑No Unit type(s) ❑Detached n Attached Provide the following information for PUDs ONLY if the developer/builder Is in control of the HOA and the subject property is an attached dwelling unit. Legal name of project z Total number of phases Total number of units Total number of units sold 0 F Total number of units rented Total number of units for sale f�t Data source(s) Was the project created by the conversion of an existinqbuilding(s into a PUD? 17 Yes No If Yes,date of conversion. 0 Does the project contain any multi-dwelling units? UYes U No Data source s) z Are the units,common elements,and recreation facilities complete? U Yes U No If Na,describe the status of completion. O a. a Are the common elements leased to or by the Homeowners'Association? ❑Yes ❑No If Yes,describe the rental terms and options. Describe common elements and recreational facilities. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Produced using ACi sawn,800.234 8721 w.w.a0vebtorn Fannie Mae Fonn 1004 March 2005 Page 3 46 1004 05uA001222014 6850596344 Uniform Residential Appraisal Report File No 114SCOLUMBINE This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;including a unit in a planned unit development(PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work,intended use,intended user,definition of market value,statement of assumptions and limiting conditions,and certifications. Modifications,additions,or deletions to the intended use,intended user, definition of market value,or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However,additional certifications that do not constitute material alterations to this appraisal report,such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization,are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form,including the following definition of market value,statement of assumptions and limiting conditions,and certifications. The appraiser must,at a minimum:(1)perform a complete visual inspection of the interior and exterior areas of the subject property,(2)inspect the neighborhood,(3)inspect each of the comparable sales from at least the street,(4)research,verify,and analyze data from reliable public and/or private sources,and(5)report his or her analysis, opinions,and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale,the buyer and seller,each acting prudently,knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:(1)buyer and seller are typically motivated;(2)both parties are well informed or well advised,and each acting in what he or she considers his or her own best interest;(3)a reasonable time is allowed for exposure in the open market;(4)payment is made in terms of cash in U.S.dollars or in terms of financial arrangements comparable thereto;and(5)the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions*granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area;these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it,except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions cf the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or other data sources)and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor,he or she makes no guarantees,express or implied,regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand,or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions(such as needed repairs,deterioration,the presence of hazardous wastes,toxic substances,etc.)observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this 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 are no such conditions and makes no guarantees or warranties,express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert;n the field of environmental hazards,this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,repairs,or alterations on the assumption that the completion,repairs,or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Produced using AM software,800.234 8727 www.8Grreb.com Fame Mae Faro 1004 March 2005 Page 4 0(6 1004_05UAD 07222014 6850596344 Uniform Residential Appraisal Report FIleNo. 114SCOt_UMBINE APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have,at a minimum,developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property.I reported the condition of the improvements in factual,specific terms.I identified and reported the physical deficiencies that could affect the livability, soundness,or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them,unless otherwise indicated in this report. 5. I researched,verified,analyzed,and reported on any current agreement for sale for the subject property,any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal,and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal,unless otherwise indicated in this report. 6. I researched,verified,analyzed,and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale,unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally,physically,and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified,from a disinterested source,all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of,and have access to,the necessary and appropriate public and private data sources,such as multiple listing services,tax assessment records,public land records and other such data sources for the area in which the property is located. 13. I obtained the information,estimates,and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood,subject property,and the proximity of the subject property to adverse influences in the development of my opinion of market value, I have noted in this appraisal report any adverse conditions(such as,but not limited to,needed repairs,deterioration,the presence of hazardous wastes,toxic substances,adverse environmental conditions,etc.)observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value,and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and,to the best of my knowledge,all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal,unbiased,and professional analysis,opinions,and conclusions,which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report,and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base,either partially or completely,my analysis and/or opinion of market value in this appraisal report on the race,color,religion,sex,age,marital status,handicap, familial status,or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding,written or otherwise,that I would report(or present analysis supporting)a predetermined specific value,a predetermined minimum value,a range or direction in value,a value that favors the cause of any party,or the attainment of a specific result or occurrence of a specific subsequent event(such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report,I have named such individual(s)and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not 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. 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). Fredde Mac Form 70 March 2005 UAD Version 9/2011 Produced using ACS so0w e,800 234 8721 www.a1web.can Fannie Moe Form WA March 2005 Page 5 of 6 1001 05UAD07222014 6850596344 Uniform Residential Appraisal Report File No. 114SCOLUMBINE 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further,I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower,another lender at the request of the borrower,the mortgagee or its successors and assigns,mortgage insurers, government sponsored enterprises,and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an"electronic record"containing my"electronic signature,"as those terms are defined in applicable federal and/or state laws(excluding audio and video recordings),or a facsimile transmission of this appraisal report containing a copy or representation of my signature,the appraisal report shall be as effective,enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s)contained in this appraisal report may result in civil liability and/or criminal penalties including,but not limited to,fine or imprisonment or both under the provisions of Title 18,United States Code,Section 1001,et seq.,or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment,have read the appraisal report,and agree with the appraiser's analysis,opinions,statements,conclusions,and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including,but not limited to,the appraiser's analysis, opinions,statements,conclusions,and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser(or the appraisal firm),is qualified to perform this appraisal,and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an"electronic record"containing my"electronic signature,"as those terms are defined in applicable federal and/or state laws(excluding audio and video recordings),or a facsimile transmission of this appraisal report containing a copy or representation of my signature,the appraisal report shall be as effective,enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER SUPERVISORY APPRAISER(ONLY IF REQUIRED) Signature Signature _ Name KEN LL FLEMING Name Company Name FLEMING APPRAISAL Company Name Company Address 4716 Eastview Dr Company Address Loveland,CO 80537 Telephone Number 970-667-9321 Telephone Number Email Address CDFMMF(d)EARTHLINK.NET Email Address Date of Signature and Report 05/13/2015 Date of Signature Effective Date of Appraisal 05/07/2015 State Certification# State Certification#CR1313332 or State License# or State License# State or Other(describe) State# Expiration Date of Certification or License State CO Expiration Date of Certification or License 12/31/2015 ADDRESS OF PROPERTY APPRAISED SUBJECT PROPERTY 114 S Columbine Ave ❑Did not inspect subject property Johnstown,CO 80534-8548 ❑Did inspect exterior of subject property from street Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY$137,000 ❑Did inspect interior and exterior of subject property Date of inspection LENDER/CLIENT Name UNITED STATES APPRAISALS COMPARABLE SALES Company Name Bank of Colorado ❑Did not inspect exterior of comparable sales from street Company Address 4848 Thompson Pkwy ❑Did inspect exterior of comparable sales from street Johnstown,CO 80534 Date of Inspection Email Address Freddie Mac Farm 70 March 2005 UAD Version 9/2011 Produced using ACI software,600.234 8121 vow,aclweb cam Fame Mae Form 1004 March 2005 Page 6 of 6 1004_055AD 07122014 fleming appraisal 6850596344 Uniform Residential Appraisal Report File No. 114SCOLUMBINE FEATURE 1 SUBJECT COMPARABLE SALE NO.4 COMPARABLE SALE NO.5 COMPARABLE SALE NO.6 114 S Columbine Ave 916 Charlotte St 395 Maestes St Address Johnstown,CO 80534-8548 Johnstown,CO 80534-8404 Johnstown,CO 80534-9011 Proximity to Subject 0.37 miles SW 0.51 miles SE _ Sale Price $ 136,000 $ 112,300 $ 138,950 E Sale Price/Gross w.Area $ 148.15 sq.ft. $ 148.54 sq.B. $ 139.93 sq.rt. E sq.ff. Data Source(s) MLS/IRES#753551;DOM 112 MLS/IRES#5255600;DOM 5 Verification Source(s) ASSESSOR-EXT INSP ASSESSOR-EXT INSP VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .(-)XAdjustment DESCRIPTION .(-ISAdjustment DESCRIPTION .(-)SAdjustment Sale or Financing Listing Listing Concessions ;0 ;0 Date ofSale/Time c04/15 -1,100 c05/15 -1,400 Location N;Res; N;Res; N;Res; Leasehold/Fee Simple Fee Simple FEE SIMPLE FEE SIMPLE Site 9000 sf 5500 sf 2,500 10000 sf 0 View N;Res; N;Res; N;Res; Design(Style) DT1;BUNGALOW DT1;BUNGALOV DT1;BUNGALOV Duality of Construction O4 O4 Q4 Actual Age 59 58 0 90 0 Condition C4 C4 C3 -5,000 Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms Baths Room Count 5 2 1.0 4 2 I 1.0 0 4 1 2 1.0 0 Gross LMnq Area 35 918 sq.ft. 756 sq.ft. 5,700 993 sq.a. -2,600 sq.ft. Basement 6 Finished Osf Osf Osf Rooms Below Grade Functional Utility AVERAGE AVERAGE AVERAGE Heating/Cooling GFA/NONE GFA/NONE GFA/NONE Eoergy Efficient Items DBL PN WIN DBL PN WIN DBL PN WIN Garage/Carport lgaldw lgdldw 0 None 5,000 PorchlPatio/Deck EPO,CP,CPO CPO 8,000 CPO 7,000 FENCE FENCE FENCE Net Ad'ustment eta ©« Mk $ 15 100 O. $ 3 000 Me II- $ 0 O Adjusted Sale Price Net Adj. 13.4% Net Adj. 2.2% Net Adj. 0.0% 0 a ofComparables Gross Adj. 15.4% E 127,400 Gross Adj. 15.1% $ 141,950 Gross Adj. 0.0% $ 0 ITEM SUBJECT COMPARABLE SALE NO.4 COMPARABLE SALE NO.5 COMPARABLE SALE NO.6 z O Dale of Prior SalerTransfer01/06/2015 in Price of Prior SalefTransfer 1 o.. Data Source s ASSESSOR ASSESSOR ASSESSOR p Effective Date of Data Source(s) 05/07/2015 05/13/2015 05/13/2015 a Summary of Sales Comparison Approach COMPS 5 AND 5 ARE PENDING SALES-COMP 4 ADJUSTED FOR SMALLER SITE,DIFFERENCE IN GLA,AND INCLUSIONS.COMP 5 ADJUSTED FOR SUPERIOR CONDITION WITH MORE UPDATING,DIFFERENCE IN GLA, sr) NO GARAGE AND INCLUSIONS. BOTH HAVE BEEN ADJUSTED FOR DIFFERENCE BETWEEN LIST PRICE AND ANTICIPATED SALES PRICE.COMP 4 IS A FORECLOSURE. Freddie Mac Form 70 March 2005 UAD Version 012011 Produced usng AO saltware,800 234.8721 waw.aC«ebt,, Fannie Mae Form 1004 March 2005 1004_05i/007222014 6850596344 Uniform Residential Appraisal Report File No. 114SCOLUMBINE FEATURE I SUBJECT COMPARABLE SALE NO.7 COMPARABLE SALE NO.B COMPARABLE SALE NO 9 114 S Columbine Ave Address Johnstown,CO 80534-8548 _- Proximity to Subject Sale Price E 136,000 $ $ $ Sale Price/Gross Liv.Area $ 148.15 sq.ft E sq.ft. - " $ sq.ft. E sq.ft. Data Source(s) Verification Source(s) VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +f/nAdjustment DESCRIPTION +(-)S Adjustment DESCRIPTION +0s Adjustment Sale or Financing Concessions Date of Sale/Time Location N;Res; Leasehold/Fee Simple Fee Simple Site 9000 sf view N;Res; Design(Style) DT1;BUNGALOW Quality of Construction Q4 Actual Age 59 Condition C4 Above Grade Total Bdrms Baths Total Bdrms Baths Total Mons. Baths Total Bdrms Baths • Room Count 5 2 1.0 Gross LMnq Area 35 918 sq.ft. sq.ft sq.ft sq.ft. Basement&Finished 0sf Rooms Below Grade Functional Utility AVERAGE Heating/Cooling GFA/NONE Energy Efficient Items DBL PN WIN Garage/Carport 1 gel dw Porch/Patio/Deck EPO,CP,CPO FENCE Net Adjustment(Totaft (i- E 0 + 11- E 0 o Adjusted Sale Price Net Adj. 0.0% Net Adj. 0.0% Net Adj. 0.0% a ofComparables - ` Gross Adj. 0.0% $ 0 Gross Adj. 0.0% E 0 Gross Adj. 0.0% E 0 z ITEM SUBJECT COMPARABLE SALE N0.7 COMPARABLE SALE NO.8 COMPARABLE SALE NO.9 O Dale of Prior Sale/Transfer Price of Prior Sale/Transfer a Data Source(s) ASSESSOR O Effective Date of Data Source(s) 05/07/2015 Summary of Sales Comparison Approach w J Freddie Mac Farm 70 March 2005 UAD Version 9/2011 Produced using ACi sodware•800.274.8727 www.adweo.com Fannie Mae Form 1004 March 1005 1004 OSUAD 07222014 6850596344 Uniform Residential Appraisal Report File No. 114SCOLUMBINE FEATURE I SUBJECT COMPARABLE SALE NO.10 COMPARABLE SALE NO.11 COMPARABLE SALE NO.12 114 S Columbine Ave Address Johnstown,CO 80534-8548 Proximity to Subject Sale Price E 136,000 $ E $ Sale Price/Gross Liv.Area S 148.15 sq.ft. S sq.fl. E sq.fl. " $ sq.ft. Data Source(s) Verification Source(s) VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(")SAuJustment DESCRIPTION .(0)fAdjustment DESCRIPTION .(.)$Adjustment _ Sale or Financing Concessions Date of Sale/Time Location N;Res; Leasehold/Fee Simple Fee Simple Site 9000 Sf View N;Res; Design(Style) DT1;BUNGALOW Quality of Construction O4 _ Actual Age 59 Condition C4 Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms. Baths Total Bdrms Barns Room Count 5 2 1.0 I _ Gross LMnq Area 35 918 sq ft sq.ft sq.ft sq.fl. Basement&Finished Osf Rooms Below Grade Functional Utility AVERAGE Heating/Cooling GFA/NONE Energy Efficient Items DBL PN WIN Garage/Carport lgaldw _�- Porch/Patio/Deck EPO,CP,CPO _ FENCE c=i Net Adjustment(Total) 1i+ n- E E. i1- $ ❑+ ❑- E O Adjusted Sale Price Net Adj. % Net Adj. % Net Adj. % a01 Comparables GrossAdl. % $ Gross Al. % E Gross Adj. % S z ITEM SUBJECT COMPARABLE SALE NO 10 COMPARABLE SALE NO.11 COMPARABLE SALE NO.12 O Dale of Prior Sale/Transfer Price of Prior Sale/Transfer a Data Source(s) ASSESSOR O Effective Date of Data Source(s) 05/07/2015 osSummary of Sales Comparison Approach w J N Freddie Mac Form 70 March 2005 UA0 Version 9/2011 Produced,sing ACI software,800.234 8727 wow.aloweb mm Fannie Mae Form 1001 March 7005 1004 05UA007222014 6850596344 Uniform Residential Appraisal Report File No. 114SCOLUMBINE FEATURE I SUBJECT COMPARABLE SALE NO.13 COMPARABLE SALE NO 14 I COMPARABLE SALE NO.15 114 S Columbine Ave Address Johnstown,CO 80534-8548 Proximity to Subject Sale Price S 136,000 $ $ S Sale Price/Gross Liu.Area S 148.15 sq.ft. S sq.ft. $ sq.ft S sq.fl. Data Source(s) Verification Source(s) VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION '1./u Adjustment DESCRIPTION +(-)S Adjustment DESCRIPTION +1-)f Adjustment Sale or Financing Concessions Date of Sale/Time Location N;Res; Leasehold/Fee Simple Fee Simple Site 9000 sf View N;Res; Design(Style) DT1;BUNGALOW Quality of Construction Q4 Actual Age 59 Condition C4 Above Grade Total Bdrtns Baths Total Bdrms Baths Total BNms. Baths Total Bdrmsf Baths Room Count 5 2 1.0 Gross Living Area 35 918 sq ft sq ft. sq.ft. sq.ft. Basement&Finished Osf Rooms Below Grade Functional Utility AVERAGE Heating/Cooling GFA/NONE Energy Efficient Items DBL PN WIN Garage/Carport 1galdw Porch/Patio/Deck EPO,CP,CPO FENCE Net Adluslment(Total) ❑+ ❑- $ ❑+ ❑- $ —CD e ❑- S 0 Adjusted Sale Price Net Adj. % Net Adj. % Net Adj. % a01 Comparables Gross Adj. % $ Gross Adj. % S Gross Adj. % S z ITEM SUBJECT COMPARABLE SALE NO.13 COMPARABLE SALE NO.14 COMPARABLE SALE NO 15 O Dale of Prior Sale/Transfer * Price of Prior Sale/Transfer a. Data Source(s) ASSESSOR O Effective Date of Data Source(s) 05/07/2015 0 Summary of Sales Comparison Approach V1 Freddie Mac Form 70 March 2005 UAO Verson 9/2011 Produced using ACI sonware,830 234 8027 www.auweb corn Fannie Mae Farm 1004 March 2005 1001 05UAD07222014 6850596344 Uniform Appraisal Dataset Definitions File No. 114SCOLUMBINE Condition Ratings and Definitions Cl The improvements have been very recently constructed and have not previously been occupied.The entire structure and all components are new and the dwelling features no physical depreciation.` "Note:Newly constructed Improvements that feature recycled materials and/or components can be considered new dwellings provided that the dwelling Is placed on a 100%new foundation and the recycled materials and the recycled components have been rehabilitated/re-manufactured Into like-new condition.Recently constructed Improvements that have not been previously occupied are not considered'new'if they have any significant physical depreciation(i.e.,newly constructed dwellings that have been vacant for an extended period of time without adequate maintenance or upkeep). C2 The improvements feature no deferred maintenance,little or no physical depreciation,and require no repairs.Virtually all building components are new or have been recently repaired,refinished,or rehabilitated.All outdated components and finishes have been updated and/or replaced with components that meet current standards.Dwellings In this category either are almost new or have been recently completely renovated and are similar in condition to new construction. `Note:The improvements represent a relatively new property that is well maintained with no deferred maintenance and little or no physical depreciation,or an older property that has been recently completely renovated. C3 The improvements are well maintained and feature limited physical depreciation due to normal wear and tear.Some components,but not every major building component,may be updated or recently rehabilitated.The structure has been well maintained. `Note:The improvement is in its first-cycle of replacing short-lived building components(appliances,floor coverings,HVAC,etc.)and is being well maintained.Its estimated effective age is less than its actual age.It also may reflect a property in which the majority of short-lived building components have been replaced but not to the level of a complete renovation. C4 The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear.The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs.All major building components have been adequately maintained and are functionally adequate. 'Note:The estimated effective age may be close to or equal to its actual age.It reflects a property in which some of the short-lived building components have been replaced,and some short-lived building components are at or near the end of their physical life expectancy;however,they still function adequately.Most minor repairs have been addressed on an ongoing basis resulting in an adequately maintained property. C5 The improvements feature obvious deferred maintenance and are in need of some significant repairs.Some building components need repairs,rehabilitation,or updating.The functional utility and overall livability Is somewhat diminished due to condition,but the dwelling remains useable and functional as a residence. "Note:Some significant repairs are needed to the improvements due to the lack of adequate maintenance.It reflects a property in which many of its short-lived building components are at the end of or have exceeded their physical life expectancy but remain functional. C6 The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety,soundness,or structural integrity of the improvements.The improvements are in need of substantial repairs and rehabilitation,including many or most major components. 'Note:Substantial repairs are needed to the improvements due to the lack of adequate maintenance or property damage.It reflects a property with conditions severe enough to affect the safety,soundness,or structural integrity of the improvements. Quality Ratings and Definitions Q1 Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user.Such residences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanship and exceptionally high-grade materials throughout the Interior and 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. Q2 Dwellings with this quality rating are often custom designed for construction on an individual property owner's site.However,dwellings in this quality grade are also found in high-quality tract developments featuring residences constructed from individual plans or 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 throughout the dwelling are generally of high or very high quality. 03 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 properly owners 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 dwelling have been upgraded from"stock"standards. 04 Dwellings with this quality rating meet or exceed the requirements of applicable building codes.Standard or modified standard building plans are utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements.Materials,workmanship,finish,and equipment are of stock or builder grade and may feature some upgrades. 05 Dwellings with this quality rating feature economy of construction and basic functionality as main considerations.Such dwellings feature a plain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentation and limited interior detail.These dwellings meet minimum building codes and are constructed with Inexpensive,stock materials with limited refinements and upgrades. 06 Dwellings with this quality rating are of basic quality and lower cost;some may not be suitable for year-round occupancy.Such dwellings are often built with simple plans or without plans,often utilizing the lowest quality building materials.Such dwellings are often built or expanded by persons who are professionally unskilled or possess only minimal construction skills.Electrical,plumbing,and other mechanical systems and equipment may be minimal or nonexistent.Older dwellings may feature one or more substandard or non-conforming additions to the original structure. Definitions of Not Updated,Updated,and Remodeled Not Updated Little or no updating or modernization.This description includes,but is not limited to,new homes. Residential properties of fifteen years of age or less often reflect an original condition with no updating,if no major components have been replaced or updated.Those over fifteen years of age are also considered not updated if the appliances,fixtures,and finishes are predominantly dated.An area that is'Not Updated'may still be well maintained and fully functional,and this rating does not necessarily imply deferred maintenance or physical/functional deterioration. Updated The area of the home has been modified to meet current market expectations.These modifications are limited in terms of both scope and cost. An updated area of the home should have an improved look and feel,or functional utility.Changes that constitute updates include refurbishment andlor replacing components to meet existing market expectations.Updates do not include significant alterations to the existing structure. Remodeled Significant finish and/or structural changes have been made that increase utility and appeal through complete replacement and/or expansion. A remodeled area reflects fundamental changes that include multiple alterations.These alterations may include some or all of the following: replacement of a major component (cabinet(s),bathtub,or bathroom tile),relocation of plumbing/gas fixtures/appliances,significant structural alterations(relocating walls,and/or the addition of square footage). This would include a complete gutting and rebuild. Explanation of Bathroom Count The number of full and half baths is reported by separating the two values by a period.The full bath is represented to the left of the period.The half bath count is represented to the right of the period. Three-quarter baths are to be counted as a full bath in all cases.Quarter baths(baths that feature only toilet)are not to be included in the bathroom count. sun Version 9/2011 Produced using ACl s08ware,800.234.8727 www.aciweb.ovn 1001050AD 07222014 Unirorm Appraisal Dalaset Definitions 6850596344 Uniform Appraisal Dataset Definitions File No. 114SCOLUMBINE Abbreviations Used in Data Standardization Text Abbrev. Full Name Appropriate Fields Abbrev. Full Name Appropriate Fields ac Acres Area,Site in Interior Only Stairs Basement&Finished Rooms Below Grade AdjPrk Adjacent to Park Location Lndfl Landfill Location AdjPwr Adjacent to Power Lines Location LtdSght Limited Sight View A Adverse Location&View Listing Listing Sale or Financing Concessions ArmLth Arms Length Sale Sale or Financing Concessions MR Mid-Rise Structure Design(Style) AT Attached Structure Design(Style) Mtn Mountain View View ba Bathroom(s) Basement&Finished Rooms Below Grade N Neutral Location&View br Bedroom Basement&Finished Rooms Below Grade NonArm Non-Arms Length Sale Sale or Financing Concessions B Beneficial Location&View op Open Garage/Carport BsyRd Busy Road Location o Other Basement&Finished Rooms Below Grade cp Carport Garage/Carport 0 Other Design(Style) Cash Cash Sale or Financing Concessions Prk Park View View CtySky City View Skyline View View Pstrl Pastoral View View ClyStr City Street View View PwrLn Power Lines View Comm Commercial Influence Location PubTrn Public Transportation Location i c Contracted Date Date of Sale/Time rr Recreational(Rec)Room Basement&Finished Rooms Below Grade Cons Conventional Sale or Financing Concessions Reio Relocation Sale Sale or Financing Concessions cv Covered Garage/Carport REO REO Sale Sale or Financing Concessions CriOrd Court Ordered Sale Sale or Financing Concessions Res Residential Location&View DOM Days On Market Data Sources RT Row or Townhouse Design(Style) DT Detached Structure Design(Style) RH Rural Housing-USDA Sale or Financing Concessions dw Driveway Garage/Carport SD Semi-detached Structure Deslgn(Syle) Estate Estate Sale Sale or Financing Concessions s Settlement Date Date of Sale/Time e Expiration Date Date of Sale/Time Short Short Sale Sale or Financing Concessions FHA Federal Housing Authority Sale or Financing Concessions sf Square Feet Area,Slte,Basement g Garage Garage/Carport sqm Square Meters Area,Site,Basement ga Garage-Attached Garage/Carport Unk Unknown Date of Sale/Time gbi Garage-Built-in Garage/Carport VA Veterans Administration Sale or Financing Concessions gd Garage-Detached Garage/Carport wo Walk Out Basement Basement&Finished Rooms Below Grade GR Garden Structure Design(Style) wu Walk Up Basement Basement&Finished Rooms Below Grade GlfCse Golf Course Location WtrFr Water Frontage Location Glfvw Golf Course View View Wtr Water View View HR High Rise Structure Design(Style) w Withdrawn Dale Date of Sale/Time Ind Industrial Location&View Woods Woods View View Other Appraiser-Defined Abbreviations Abbrev. Full Name Appropriate Fields Abbrev. Full Name Appropriate Fields I UA5 Version 9/2011 Produced using Aci softare,803 234 8127 weevztlweb.com 1001_051010 07222014 Uniform Appraisal Dataset Definitions ADDENDUM Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address: 114 S Columbine Ave Case No.: 6850596344 _ City: Johnstown State: CO Zip: 80534-8548 Lender: Bank of Colorado Neighborhood Description AVERAGE QUALITY ESTABLISHED NEIGHBORHOOD.PRIMARILY SINGLE FAMILY RESIDENCES.JOHNSTOWN IS AN AGRICULTURE AND BEDROOM COMMUNITY FOR COMMUTERS TO LONGMONT,GREELEY AND OTHER FRONT RANGE COMMUNITIES. BUS SERVICE AVAILABLE TO SCHOOLS.SOME SHOPPING AND SERVICES AVAILABLE IN JOHNSTOWN. Neighborhood Market Conditions TYPICAL FINANCING IS FHA,VA AND CONVENTIONAL WITH MINIMAL SELLER PAID POINTS.FINANCING CONCESSIONS ARE TYPICALLY NOT A FACTOR IN THIS MARKET.WHEN PRESENT FINANCING CONCESSIONS TYPICALLY RANGE FROM 0-6%OF SALES PRICE. MARKET APPEARS GENERALLY STABLE.NO SUBSTANTIAL CHANGE IN SALES PRICES CAN BE DOCUMENTED.AVERAGE MARKETING TIME APPX.40 DAYS AND GENERALLY STABLE.LIST/SALE RATIO 99%.EXPOSURE TIME 90 DAYS.REASONABLE EXPOSURE TIME 40 DAYS. Condition of the Property Continued from Condition of the Property:SCRAPE,REMOVE,DISPOSE OF AND REPAINT-WOOD FENCE,WINDOW FRAMES,HOUSE TRIM,INTERIOR CEILING. Conditions of Appraisal THE MARKET VALUE WAS PREPARED FOR FEDERALLY RELATED MTG.PURPOSES AND IS IN CONFORMANCE WITH THE REQUIREMENTS OF FIRREA,THE UNIFORM STANDARDS OF APPRAISAL PRACTICE AND FOR USE BY BANK OF COLORADO USDA AND THEIR ASSIGNEES.NO OTHER INTENDED USES OR USERS ARE IDENTIFIED BY THE APPRAISER.I HAVE HAD NO PRIOR CONTACT WITH THE SUBJECT IN THE PAST 3 YEARS. Extra Comments AMC license number:AMC20131065 APPRAISAL FEE$350.00 I HAVE MEASURED THE SUBJECT AND BELIEVE MY MEASUREMENTS TO BE ACCURATE.IF A VARIANCE EXISTS BETWEEN MLS AND COUNTY RECORDS MLS HAS BEEN RELIED ON. Addendum Page 1 of 1 6850596344 Market Conditions Addendum to the Appraisal Report File No. 114SCOLUMBINE The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject neighborhood.This Is a required addendum for all appraisal reports with an effective date on or after April 1,2009. Property Address 114 S Columbine Ave City Johnstown State CO Zlp Code 80534-8548 Borrower Nicholas/Melissa Felsenthal Instructions: The appraiser must use the information required on this form as the basis for his/her conclusions,and must provide support for those conclusions,regarding housing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form.The appraiser must fill in all the information to the extent it is available and reliable and must provide analysis as indicated below.If any required data is unavailable or is considered unreliable,the appraiser must provide an explanation.It is recognized that not all data sources will be able to provide data for the shaded areas below;if it is available,however,the appraiser must include the data in the analysis.If data sources provide the required information as an average instead of the median,the appraiser should report the available figure and identify it as an average.Sales and listings must be properties that compete with the subject property,determined by applying the criteria that would be used by a prospective buyer of the subject property.The appraiser must explain any anomalies in the data,such as seasonal markets,new construction,foreclosures,etc. Inventory Analysis Prior 7-12 Months Prior 4-6 Months Current-3 Months Overall Trend Total d of Comparable Sales(Settled) 4 1 4 Increasing X Stable MN Declining Absorption Rate(Total Sales/Months) 0.7 0.3 1.3 Increasing .X. Stable Declining Total I of Comparable Active Listings 2 I 1 2 Declining X, Stable Increasing Manths of Housing Supply(Total Llstings/Ab.Rate) 2.9 3.3 1.5 Declining X Stable Increasing Median Sate&List Price,DOM,Sale/List% Prior 7-12 Months Prior 4-6 Months Current-3 Months Overall Trend Median Comparable Sale Price 150,000 137,500 133,150 Increasing -Xr Stable Declining Median Comparable Sales Days on Market 43 I 78 37 Declining _X, Stable r Increasing N Median Comparable List Price 135,400 112,300 125,500 Increasing X,,Stable Declining 0 Median Comparable Listings Days on Market UNAVAIL UNAVAIL `� UNAVAIL Declining Stable r Increasing z Median Sale Price as%of List Price 101/7 101/5 99.3% Increasing Stable X Declining gSeller-(developer,builder,etc.)pald financial assistance prevalent? [ 1 Yes [X No , ,Declining X.Stable _Increasing O Explain In detail the seller concessions trends for the past 12 months(e.g.,seller contributions increased from 3%to 5%,Increasing use of buydowns,closing costs,condo tees,options,etc). SELLER CONCESSIONS ARE TYPICALLY NOT A FACTOR IN THIS MARKET.WHEN PRESENT RANGE FROM 0-6%OF SALES w PRICE. m r w CC Q Are foreclosure sales(REO sales)a factor in the market? U Yes U No If yes,explain(including the trends in listings and sales of foreclosed properties). THERE HAS BEEN LIMITED RECENT FORECLOSURE ACTIVITY WITHIN THE AREA. Cite data sources for above information. MLS/IRES Summarize the above information as support for your conclusions In the Neighborhood section of the appraisal report form.If you used any additional information,such as an analysis of pending sales and/or expired and withdrawn listings,to formulate your conclusions,provide both an explanation and support for your conclusions. OVERALL THE MARKET APPEARS GENERALLY STABLE.UNAVAILABLE ABOVE IS DATA NOT TRACKED BY THE LOCAL MLS. DATA IS FAR TOO LIMITED FROM WHICH TO DRAW MEANINGFUL MARKET TREND CONCLUSIONS. If the subject Is a unit in a condominium or cooperative project,complete the following: Project Name: Subject Project Data Prior 7-12 Months Prior 4-6 Months Current-3 Months Overall Trend Total I of Comparable Sales(Settled) Increasing Stable Declining e 9 s Absorption Rate(Total Sales/Months) Increasing Stable Declining Total r of Active Comparable Listings Declining Stable Increasing Months of Unit Supply(Total Listings/Ab.Rate) Declining Stable Increasing Fes-.Are foreclosure sales(REO sales)a factor in the project? UYes [i No If yes,Indicate the number of REO listings and explain the trends in listings and sales of foreclosed properties. U w O ce a a O O U_ O in z 0 Summarize the above trends and address the impact on the subject unit and project. APPRAISER SUPERVISORY APPRAISER(ONLY IF REQUIRED) e Signature _ Signature Name KEN LL FLEMING Name Company Name FLEMING APPRAISAL Company Name Company Address 4716 Eastview Dr Company Address Loveland,CO 80537 State License/Certification#CR1313332 State CO State License/Certification# State Email Address CDFMMF@EARTHLINK.NET Email Address Freddie Mac Form 71 March 2009 Produced using aci somvare,800.274 8177 row.adxeb.cam Fannie Mae Farm 1004MC March 2009 Page hit t 1004M&2009090909 DIMENSION LIST ADDENDUM _ Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City: Johnstown State:CO Zip:80534-8548 Lender:Bank of Colorado GROSS BUILDING AREA(GBA) 918 GROSS LIVING AREA(GLA) 918 Area(s) Area %of GLA %of GBA Living 918 100.00 Level 1 0 0.00 0.00 Level 0 0.00 0.00 Level 3 0 0.00 0.00 Other 918 100.00 100.00 GBA Basement ❑ Garage ❑ 322 Other ❑ 284 Area Measurements Area Type Measurements Factor Total Levell Level Level Other Bsmt. Garage 25.50 x 36.00 x 1.00 = 918.00 000000 23.00 x 14.00 x 1.00 = 322.00 000000 x x _ 00000 x x = 000000 x x = 000000 x x _ 000000 x x _ 000000 x x = 000000 x x _ 000000 x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x = 000000 x x = 000000 x x _ 000000 x x = 000000 x x = 000000 x x _ 000000 x x = 000000 x x = 000000 x x _ 000000 ❑ ❑ ❑ ❑ Q x x _ ❑ x a = 000000 x x = — O OOOOO ❑ ❑ ❑ ❑ x x _ x x = 000000 x x = 000000 x x _ 000000 x x = 000000 x x ___ . 000000 x x x x = 000000 x a = 000000 x x = 000000 x x = 000000 x a = 000000 x x = 000000 x x = 000000 x x = 000000 x x = 000000 x x = 000000 x a = 000000 x x — 000000 x x = ❑ 00000 x x _ 000000 x x _ OOOOOO x x x x _ ❑ ❑ ❑ x x _ = 000000 x x = 000000 A x = ❑ 00000 x x = 000000 X x = OOOOOO Produced using ACI software.800 234 8727 www.ac web.mm DIM 02092007 DIMENSION LIST ADDENDUM Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado Additional Dimensions Area Measurements Area Type Measurements Factor Total Level 1 Level 2 Level 3 Other Bsmt. Garage x x = ❑ ❑ ❑ ❑ ❑ ❑ x x 000000 x x __ -= 000000 _ x x = 000000 x x = 000000 x x _ 000000 x x = 000000 x x = 00000 . 0 x z 000000 = x x ______ . 000000 x x = 000000 x x _ 000000 x _ x _ 000000 x x _ 000000 x x = 000000 x x = 000000 x x _ 000000 x x _____ . 000000 x x _ 000000 x x = 00000 x x 000000 = x x _ 000000 x x ____ = ❑ 00000 x x = 000000 x x = 000000 x x _ 000000 x x ____ . 000000 x x = 000000 x x _ 000000 x x = 000000 x x _ 000000 x x = 000000 x x _ O ❑ ❑ ❑ ❑ 0000 x x _ ❑ x x = 000000 x x = ❑ 00000 x x _ 0 00000 x x = 000000 x x = 000000 x x = 000000 x x = 000000 x x _ 000000 x x _ 000000 x x - 000000 x x _ 000000 x x ___ = 000000 ❑ x x = OOOOOO x x _ . 000000 x x _ 000000 x x _ . 000000 Produced using AO software.800.134 8727 wxw.ac8884 corn DIM 02092087 Additional Dimensions SUBJECT PROPERTY PHOTO ADDENDUM Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Propertyhns Address:114 S Columbine Ave Case No.:6850596344 :Jotown State: CO Zip:80534 8548 Lender:Bank of Colorado City �su !: 4 FRONTVIEWOF ,� az SUBJECT PROPERTY r et'''. praised Date:May7,2015 AP Appraised Value:$137,000 a i 1 �. '+ ` REARBJ VIEWECT OFPRO ,.-'s. SUPERTY .....n ++»rte j , z° . 4 ' v° JS' STREET SCENE x.. ,- - ''s'44,,'1/4.,14,v;;`, ,3t ..r -. - : ,:;,,;-- ---, -4--, ,, % - °%0". - ''''',4`)•,:il,tv,:'/„:„...A COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado a te ." . »1 t ' Y. J sal '4.: ."-s " .+ - $ �t i 4 '» ° c'' COMPARABLE SALE#1 ' t } 4;el� ti } , 4 209 N Estes Ave 3 Johnstown,CO 80534-8506 £ `s A. r' ,:,,,,:l 1 Sale Date:s06/14 c04/14 mm ; " Sale Price:$119,500 I ' i..... its': > o Y�€ "'''•''''-'" ac r z dea �— ': a 31`. 1 Y$` <<` z COMPARABLE SALE#2 t 1. 109 N Rutherford Ave A` •' a = Johnstown,CO 80534-8639 * • Sale Date:s04/15c04/15 Y� Sale Price:$131,000 oria t, 'r far ...... �1 t . A � " d " � COMPARABLE SALE#3 , a 1'4ti ` r '' 815 Charlotte St $k. Johnstown,CO 80534-8405 .: y,�„ ;" Y ,� 3 .:. c .. € 0,3Sale Date:s12/14;c11/14 Sale Price:$137,500 „...` � .ten..: �r�� .., �.'e ':-.=;:r ,,:,,"—....,.. f COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: Nicholas/Melissa Felsenthal F : Property Address:114 S Columbine Ave Case ileNo.No.:6850596344114SCOLUMBINE City:Johnstown State: CO Zip:80534 8548 Lender:Bank of Colorado tw } € a5 {" 1.0 ,� � COMPARABLE SALE#4 4:'-' r -.w = , -",'1,,,,,e,.., : 4,fr " � ` 916 Charlotte St fl+ x 'P Johnstown,CO 80534-8404 ,q„,., Sale Date:c04/1 5 y, Sale Price:$112,300 r ,..7i rill 1., .- , . :.:.:.,..„1-.77. • . :.,,,k.,:-„,..„..,,...,..:..., ,,,:-„,,,,,,,..,4-.•. .,...,:,, x aat c ar J r COMPARABLE SALE#5 f ' , i 395 Maestes St t ''• fr Johnstown,CO 80534-9011 �i.• Sale Date:c05/15 �� Sale Price $ 3 0 �� 1 8,95 t1 1 / $ t' COMPARABLE SALE#6 Sale Date: Sale Price:$ I Borrower: Nicholas/Melissa Felsenthal File No: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City: Johnstown State:CO Zip:80534-8548 Lender:Bank of Colorado '� .,t y SIDE VIEW ' q ` . r ,r it 4 a ,Z; t. '' l' e, t ��' ',t ---. 1:: , ',__,i1,-,,,i,,,,,, ' . ...., ,,,,,,,c, -.. .-, :--1,,,,,:::"'-' -';.„'ziiE 11t17.3P;'];'-,5!";"''"."1 ; :,i t' !'', 1, „ . r ,. ,. .. ..... ,..,„,,,..„,.........„:„:„ .., ,.,..„.. .. , . _ ,. ..,,,,... . , .... „,„:„--,4,,,-: b "3' m4 3y , .. tf{. t'',.';':'!' ''P'5,;,,:.1.;',,:, d d , >' Y + 44,-, ` '. a �, i'*es v�cif • -. _» -, SIDE VIEW zaC togi;e4. , .,,,::,:;,,,,,,,,,,i,-,,,,:a-'''7,11,t- -,:‘,--,--_-:; '-,:,,,,!,)i„,hi.I.,,T.,'2;,,:t.„;,o,',,, ,j,,1:'.,,,,,i,I,,,rt!,tt.;.itgiik:,-,;T,,-„,,,,,:„..."-j-z:;,*f,-::, FFFF ,�,f a ` iiiiirgiargIllg� € :c 9 $ S v o- IMISSING SPLASHBLOCK i t. .K s 1. Produced using ACI software,800 234.8727 wow adweb cum PHT306212013 Borrower: Nicholas Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State:CO Zip:80534-8548 Lender:Bank of Colorado ^ DEFECTIVE PAINT TO FENCE '.. ��.¢..... ., AE.j �;r.:..,-_,<:' :,,,,,,,,(7-0.,,,,-46,..„:, r � �;,�. ,r-, j»' ,.x .: 'k: ;��:"`aa" x<� .�,. : . ..5. ...E� :,.�"e; i i .,> ;, r flu".� `�" :E;" .„,,,,,17,-..,,,,,,..,,,,:.il," '^ .. a :; .., ;.4.;; s'... w .y{_ '�:-':: " ;,Q .�, a r�x�� ":�" ��:'�x ..::..:........ w E ".i�; w, ` . :,"i,,,,4",',:. :. .i., i" Y'irJr�5^, ' u'w< e k "( .; t S tit $5 ,,,- 3 '� '- „ DEFECTIVE PAINT WINDOW FRAME `_' >xxaa:::t3 att,fr,533335341k — =;__h .'. �y;'.EE. ___ --- _' -._ e Via , s,`- " _ _ a . ' 4� ..,..:.::,::, s..#.,,. " "u.›'A ` 7' a✓, iyt.. .,c ::�5'Vii:' .. � y AYe.n,z.:.a .;�:..:''' ;!gam "''':,S-"Y°. ritiii ,.71]1 '�;;}a;f..hy'i' «.;.:,Elt; `."``v::3ik''i.^E.�%°Y'i.�'vi'=c..i' ^`je., ; LIVING ROOM ' : ,... - ,,:..,ffi:7. :: 5, .. t " 4: b ; ra<, "-' ' ..yti �s �i ,'a r Vii, ` ;a,'..;a .: ns .a.<•.. - ", E3.E 3'3 r.; -"' P!Sucetl using ACI sd1wa,e,l00234 L221 xxw xixebc n PHT305212013 Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City.Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado "� r.. DINING ROOM 614 III;;! is v + t s r f "� hex P 4,fir } z X14? •j; r .. • k: Adi tilt:w )f • ° f <, KITCHEN * 5 I '"tsar;1 i •?,, ,�w ;�i.;�` X<Itiv, _ • 8 a 1 ' .4 r it a `'E0.,.ETA€`a aft x r. ...'"5 a,;tt '.tiii r wit m,. —r, ,',:,, ;«•, PEELING PAINT TO INTERIOR CEILING s4 1, x ,41 ttt z ` s „ k ✓s k x ,.x .�'4 Produced uslog dcl software,800.134 8727 www atlweb.com W13052,2013 FLOORPLAN SKETCH Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado Sketch 14ft 26ft 1 oft Covered Patio osed Parch [Are $2 ft2j [Arch 70 ft w 1 Car Attached [Area: 322 ft2] -= Bedroom Dining Kitchen First Floor N [Area: 918 ft2] 14ft Living Bath Bedroom Eft 1 tory Pouall [ roa: 32 ft2, 8ft ti aft Chin,Area Area Calculation First Floor 919 ft.'Firet Floor x COO-918 ft' Nonliving Area ❑ 25.55x 36ft x t.00- 91811 I Closed Pore, 71:ft' Concrete Patio 182T TN 1 Story Porch 32 ft. 1 Car Attached 322 fN Total Living Area(rounded): 918 ft' FLOORPLAN SKETCH Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado li FLOORPLAN SKETCH Borrower:Nicholas/Melissa Felsenthal File No.: 114SC0LUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State:CO Zip:80534-8548 Lender:Bank of Colorado III I II FLOORPLAN SKETCH Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State:CO Zip:80534-8548 Lender:Bank of Colorado II II li III FLOORPLAN SKETCH Borrower:Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado FLOORPLAN SKETCH Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado LOCATION MAP Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Properly Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado [p v n a. (' Comparable Sale 1 209 N Estes Ave 'I `-1 '„J " x Johnstown,CO 80534-8506 r 0.11 miles NW Subject Comparable Sale 2 114 S Columbine Ave 109 N Rutherford Ave Johnstown,CO 80534-8548 Johnstown,CO 80534-8639 0.18 miles SE Comparable Sale 4 916 Charlotte St `" Johnstown,CO 80534-8404 Comparable Sale 3 0.37 miles SW 815 Charlotte St '"` Johnstown,CO 80534-8405 rwtr.t''',t 0.27 miles SW a r :'brash 1?srrc .i" _2t ,r I ILJ'ri , ,t Si S 1st St (x:;i s I fi t l' - ," Comparable Sale 5 .� R'7,,,. _395Maestes,St •& -6Johnstown,C0 80534-9011 z : U txost 011 0.51 miles SE c; 7 a i :7 ... l.:r i C..)',VI t, zd31a Aragon hark r�t�: ii ,.Glenn A.Jones MD Me r =s°ael Lid*ery _- >e Ivc way t1tl4 r w<a .f :, 'IC -c d pJ7 Map data O2015 Google Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address.114 S Columbine Ave Case No.:6850596344 City: Johnstown State:CO Zip:80534-8548 Lender:Bank of Colorado STATE OF COLORADO Feguia n,d e�nces O snofRCuiEmate .l f H xi?Fa':R aEt'tti?@:ud>'kN a 'fb y„a t 1000,e; ,O,3.2 cur;? no:?,39'.4 ',A.. ZC:Y'4s �... J- .,R n u sc ••.•• e'2X4..?NR 4 •M,- II Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado Liberty Real Estate Appraisers Professional lap Internattonsl •Liability Ll4t,;l.::r r'tt,:i!a-. )4i 54o—1 J1ey nut-AA-et' I'Veytnei H*l ILY Nuer.4a' jiHl/3Ot4 Lt0004318-013 L1t1430Al1s-OI2 I LIBERTY INSURANCE UNDERWRITERS INC. tA 5u4&'l.Ina,nane,'(nettled!).titttent,t,tet lilc"t'um(vur"l 5 4fute4 Stettei 1nJIr 3-I., Nen Veck,NY 1141'3.41 I4i(5 1'4 A CLAIMS MADE AND REr'OAIL17 POLIO, PLLASL TREAD I1 085118111. Item [(1.1101 €IlNS t. 0ust<An l 1 Ie'dethi It is unlawful to knowingly providc-falssr,incomplete.or Kara s.Ic,,zrad. nuAcmitng facta or in forrnanon to an it-Auranco company tLr qtr,Aga t�1�A roc III ( b14ose of dtfr:wiling or altal15plltt,143 d&tk4u(f the Lutrlpsrly. l'cc:altles osiy ntetudc imprisonment. .1'r 1r,I I ly,a=n-i tines dental of iteiarance and ctrl damages.Any 40(1414 toir-w(Jr. lout mince e4.mpr t rr aunt e41 nn tg4rac4m •etrr*I344 y Loer•I O4* kno*sIngty pro Idos falsr,Ineumpl..te,or m1,.lcadtrn — tads of Inf4ant1arlun to a pt*hcyli.rlder or claimant f ti the 2. Paha:,retied:ed: intrrnAt,d of dcfraudtng or atteanpting to defraud the pszlicvii rl lei or cl ii tramp twills regard to a ae311 iiient or From.e t,u7:='21'1 ₹ lot it" 24113 ,aoyard pay:iiale for flimflam's:s:proceeds shall he reported !. 12 01 *t_NI Stamlard 3 EmE.1't ih...1441 +,u.nca III 144 lib.(•4 lorado l)iv I',toil of Insurance 4rn In the 1OO(x Rom I. urtmmt of Itegulalary 4,aueies, 3. Drduellble: 11000 Fa.i t.taal 4, kelraacllvsDate;........ ,:it-a:-Iau ti. Inception Vale: 11( 11 r!JflJ 6 11 k t t'r.I411i • A. 2I Jf1IL tJtat tr,.16 Clasen If, 'a'_114l .i)«i Agar-.,tote 7. Moil all notices,toelodiint[wrrite Ott(taint,to Aocr4t: 3 to Ae1n ni nnrnr.N Insrimurr. nl81*ti.ua(rl 5144,^1'3 ',.. Smibi 01611hn i (as;lirmta'431111 sttn 33441601. I c* (1.1734 62.0,31 R, Annual l'rctmunt: $1,152.00 fittmi,r nP 04rrr1 i 41,S, 1 11. tamp,,r(La11M,1 a1 ltrxu,'r i 740002,(10/It) I IA..I{[/3'7:+1 1 IA 011441 ICI(O.1';1O) 1(A017(Oa 4114 ',. 11G,?in(,'la/ta) i'80147 lr,4;i11 eerar vvurrt, 1 Is.s Drt:itt et,nr,s 01141*Iny410141€.y,iI1 true curey1,rr,ral Ant 301'4.11 neonY Atel,lk,,.rut irK:sitrlitty,III am-tett`aer...ma and exnlurls 14441reln.and 0411 Steal Estate Appr,4era Prufeestonal lnsurarAe Poo'14011 ccnsteel:the "f+1.bettieen the 11an4;10 Int*€.d and the Company. 5y 1,1481(041'0) Antnurrsm41Cinaratesre FLOOD MAP Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State:CO Zip:80534-8548 Lender:Bank of Colorado T it Subject 1 114 Columbine Ave Johnstown, CO 80534 ,3535 um:deits WM OW* �fY FLOOD INFORMATION LEGEND Community: TOWN OF JOHNSTOWN FF r H .............. Property is NOT in a FEMA Special Flood Hazard Area Map Number:08069C1410F Panel; 1410E Road View: Zane: X Map Dote 12-19-2006 HHRS:08123 Source:FEMA DFIRM Sky Flood" 1 Borrower: Nicholas/Melissa Felsenthal File No.: 114SCOLUMBINE Property Address:114 S Columbine Ave Case No.:6850596344 City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado SMOKE DETECTOR BEDROOM BEDROOM tee^ 69i CARBON MONOXIDE DETECTOR ST[[ i'� BATHROOM DEFECTIVE PAINT PORCH DOOR ,.. Rte' ENCLOSED PORCH/LAUNDRY DEFECTIVE PAINT TO TRIM I i i i L I1I Ii I PrAdtAed,IAIAA ACI software,BOO 271 B)l]xow acMeG can PFR15 AERIAL MAP File No.: 114SCOLUMBINE Case No.:6850596344 Borrower: NicholaslMelissa Felsenthal Property Address:114 S Columb ne Ave City:Johnstown State: CO Zip:80534-8548 Lender:Bank of Colorado s a - �; �a ` } .. �::.- Ri -'[lf� - . - - r. �. i x k t•.'" . •'�". �i�s .,�. r:¢ ,.� s. ..rrte� ' '' 1%:::-,)•*---. €dam: _ ." i ate$ i < I€r � �*` - v • - - - Ewa -,* � �_� '"'' Subject �4 . >` _ 1,4SColumbineAve 1:4:' Johnstown,CO 80534-8548 f .'ter P , € a s : . _ w,� mss. , _ ` a -r r, $* € f .. x `��' * . - z : .. 'sue.t .<,. ' '2'...;::;:44**--' , ;,6431.0: ,.bra�, ,,: w. .,,.,,.: „�, ," 7'�, w ••_ ,-" gee i5 - * ' ''z- - - _ , .. Y er ;tee _ . &.; r spa ta*.,ii '' ,..:-.E,';14..k..0011.i ''':-1:*-"''-I:-,* *40P- ¢ 1-44.t,..` 4 i,y , iii 5 - �'_.. iL '. p I " ,� q - ; � . r . t a� *r Ma c1at2 )201`_s, . 1(tt>,, -Cti Hello