HomeMy WebLinkAbout20152469.tiff 1861 CLERK TO THE BOARD
PHONE (970) 336-7215, EXT 4226
TM
FAX (970) 352-0242
WEBSITE: www.co.weld.co.us
1150 O STREET
TY P.O. BOX 758
G O N GREELEY CO 80632
September 2, 2015
DAVDUG CORPORATION
2435 50TH AVE
GREELEY, CO 80634-4021
RE: THE BOARD OF EQUALIZATION 2015, WELD COUNTY COLORADO
APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR
ACCOUNT NO.: R3262586
Dear Petitioner:
On July 30, 2015, the Board of County Commissioners of Weld County Colorado
convened and acting as the Board of Equalization, pursuant to C.R.S. Section 39-8-101 et seq.,
considered your request to approve and adopt a valuation of your property arrived at by a
Stipulation between you and the Weld County Assessor, for the year 2015.
The Board of Equalization found that the evidence presented at the hearing supported the
stipulated value placed upon the above-described property as set forth below. Such evidence
indicated the value was reasonable, equitable, and derived according to the methodologies,
percentages, figures and formulas dictated by law.
ACTUAL VALUE AS STIPULATED VALUE
DETERMINED BY ASSESSOR APPROVED BY BOARD
$165,730.00 $140,000.00
The above `Stipulated Value' is the value which will be used in the calculation of your property
taxes for 2015. This value is not appealable.
If you have questions concerning the above information, please call me at (970) 336-7215,
Ext. 4226.
Very truly yours,
Esther E. Gesick, Clerk to the Board
Weld County Board of County Commissioners
Cc: Christopher Woodruff, Weld County Assessor
2015-2469
AS0091
N
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
Single County Schedule Number 83262586
STIPULATION (As To Tax Year_r,2015_ Actual Value)
RE PETITION OF
NAME : DAVDUG CORPORATION
ADDRESS : 2435 50TH AVE
GREELEY, CO 80634
Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation
regarding the tax year 2015 valuation of the subject property, and jointly move the Board
of Equalization to enter its order based on this Stipulation.
Petitioner (s) and Assessor agree and stipulate as follows :
1 . The property subject to this Stipulation is described as :
GR 620 E40' L1 & 2 BLK151 BEER & THOMAS
2 . The subject property is classified as Residential property .
3 . The County Assessor originally assigned the following actual value to the
subject property for the tax year 2015 :
Total $ 165 ,730.00
4 . After further review and negotiation, Petitioner (s) and Weld County Assessor
agree to the following tax year 2015 actual value for the subject property :
Total $ 140,000. 00
5 . The valuation, as established above, shall be binding only with respect to tax
year 2015 .
6. Brief narrative as to why the reduction was made :
Reviewed comparable sales.
7. Both parties agree that:
cIA hearing has not yet been scheduled before the Board of Equalization.
eaa/u 7/021
R3262586 1 2015-2469
4cttq1
DATED this 23Th day of July, 2015.
r314.V Do 4.- L4-p. i7avID
Petitioner(s) or Agent t 'n (Assistant) County Attorney for
&o A.A.) rres a Respondent,Weld County Board of
Commissioners
Address: Address:
..2 I3.S ...6 ats`'P,r 1150 "0" Street
C7r r P Cnr A C.i) s D l@ 34- P.O. Box 758
Greeley, CO 80632
Telephone: N 470 -3;p-6441 Telephone:(970) 336-7235
g10--39!{ - 327/ (:I
G
h�AlCounty AAs�ssoorL
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
Docket Number
Stip-1.Frm
R3262586 2
1
CLERK TO THE BOARD
\ 1861 ! Naas PHONE ( 970 ) 336 -7215 , EXT 4226
FAX ( 970 ) 352 - 0242 vv
ww . co . weld . co . usWEBSITE : ww . co . weld . co . us
trripm•EM
1150 O STREET
P . O . BOX 758
v o � NTY
GREELEY CO 80632
July 22 , 2015
DAVDUG CORPORATION
2435 50TH AVE
GREELEY , CO 806344021
Account No . : R3262586
Dear Petitioner(s) :
The Weld County Board of Equalization has set a date of July 29 , 2015 , at or about the hour of
3 : 15 PM , to hold a hearing on your valuation for assessment . This hearing will be held at the
Weld County Administration Building , Assembly Room , 1150 O Street, Greeley, Colorado .
You have a right to attend this hearing and present evidence in support of your petition . The
Weld County Assessor or his designee will be present . The Board will make its decision on the
basis of the record made at the aforementioned hearing , as well as your petition , so it would be in
your interest to have a representative present . If you plan to be represented by an agent or an
attorney at your hearing , prior to the hearing you shall provide , in writing to the Clerk to the
Board ' s Office , an authorization for the agent or attorney to represent you . If you do not choose
to attend this hearing , a decision will still be made by the Board by the close of business on
August 5 , 2015 , and mailed to you on or before August 12 , 2015 .
Because of the volume of cases before the Board of Equalization , most cases shall be limited to
10 minutes . Also due to volume , cases cannot be rescheduled . It is imperative that you
provide evidence to support your position . This may include evidence that similar homes in your
area are valued less than yours or you are being assessed on improvements you do not have .
Please note: The fact that your valuation has increased cannot be your sole basis of
appeal. Without documented evidence as indicated above , the Board will have no choice but to
deny your appeal .
If you wish to obtain the data supporting the Assessor' s valuation of your property , please submit
a written request directly to the Assessor's Office by fax ( 970) 304-6433 , or if you have questions ,
call ( 970 ) 353-3845 . Upon receipt of your written request , the Assessor will notify you of the
estimated cost of providing such information . Payment must be made prior to the Assessor
providing such information , at which time the Assessor will make the data available within three
( 3 ) working days , subject to any confidentiality requirements .
AS0091
DAVDUG CORPORATION - R3262586
Page 2
Please advise me if you decide not to keep your appointment as scheduled . If you need any
additional information , please call me at your convenience .
Very truly yours ,
BOARD OF EQUALIZATION
da4lv‘) AJES ;b4
Esther E . Gesick
Clerk to the Board
Weld County Board of County Commissioners
cc : Christopher Woodruff, Assessor
AS0091
NOTICE OF DETERMINATION
RECEIVED
Christopher M. Woodruff JUL 15 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
LEGAL DESCRIPTION/PHYSICAL LOCATION
ACCOUNT NO. TAX YEAR TAX AREA
R3262586 2015 0600 GR 620 E40'L1 &2 BLK151 BEER&THOMAS
W DAVDUG CORPORATION 620 14 ST
2435 50TH AVE GREELEY,CO
GREELEY,CO 80634-4021
cc
Q.
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cc
0.
ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER
REVIEW REVIEW
RESIDENTIAL 165,730 165,730
TOTAL $165,730 $165,730
The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessor's determination of value after review is based on
the following:
AL01 - Your property has been uniformly valued following Colorado law. Your protest of value has
been denied due to comparison of other similar properties which sold during the 2013/2014 time
period.
If you disagree with the Assessor's decision, you have the right to appeal to the County
Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S.
The deadline for filing real property appeals is July 15.
The Assessor establishes property values. The local taxing authorities (county, school district, city,
fire protection, and other special districts) set mill levies. The mill levy requested by each taxing
authority is based on a projected budget and the property tax revenue required to adequately fund
the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall.
If you are concerned about mill levies, we recommend that you attend these budget hearings.
Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities.
Please refer to the reverse side of this notice for additional information.
Agent(If Applicable):
6,e_. 7/1s
6000-0164
ASbo9)
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.ciov/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.)
$ /?D,Di)
3
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
in tailed cost, appraisal, etp.) /
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I ATTESTATION �y say
I, the undersigned owner or agent of the property identified above, affirm that the statements contained herein
and on any attachments hereto are true and complete.
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' Attach letter of authori ation signed by property owner.
15-DPT-AR
PR 207-08/13
R3262586 8428180
•
Income Approach to Value 620 14th St
Income Monthly Annual
Gross Rent Amount $1,400.00 $16,800.00
Other Income $0.00
Expense
Vacancy Factor 4.00%
Mgt. Fee rate 10.00%
Taxes $45.15 $541.74
Insurance $58.33 $700.00
Water/Utilities $7.01 $84.15
Maintenance $92.93 $1,115.21
Deferred Maintenance $66.67 $800.00
Calculate NOI Monthly Annual
Gross Rent Possible $1,400.00 $16,800.00
Other Income $0.00 $0.00
Potential Gross Income $1,400.00 $16,800.00
Less Vacancy Amount $56.00 $672.00
Effective Gross Income $1,344.00 $16,128.00
Less Operating Expenses $410.09 $4,921.10
Net Operating Income $933.91 $11,206.90
Net Operating Income $11,206.90
Purchase Price $120,000.00
Cap Rate 9.34%
Net Operating Income $11,206.90
Cap Rate 9.50%
Purchase Price $117,967.37
Purchase Price $120,000.00
Cap Rate 9.50%
Net Operating Income $11,400.00
Gross Rent Multiplier 620 14th St
Income Monthly Annual
Potential Gross Rent Amount $1,400.00 $16,800.00
Other Income $0.00
Sale Price/Value
Sale Price $0.00
Value $126,000.00
Calculate GRM Monthly Annual
Known GRM 9.00 90.00
Solve for GRM 0.00 $0.00
Gross Rent Multiplier 1514 10th Ave
Income Monthly Annual
Potential Gross Rent Amount $1,200.00 $14,400.00
Other Income $0.00
Sale PriceNalue
Sale Price $132,000.00
Value $0.00
Calculate GRM Monthly Annual
Known GRM 0.00 0.00
Solve for GRM 9.17 $110.00
Gross Rent Multiplier 1218 10th St
Income Monthly Annual
Potential Gross Rent Amount $1,175.00 $14,100.00
Other Income $0.00
Sale PriceNalue
Sale Price $129,900.00
Value $0.00
Calculate GRM Monthly Annual
Known GRM 0.00 0.00
Solve for GRM 9.21 $110.55
Gross Rent Multiplier 2121 5th Ave
Income Monthly Annual
Potential Gross Rent Amount $1,250.00 $15,000.00
Other Income $0.00
Sale Price/Value
Sale Price $130,000.00
Value $0.00
Calculate GRM Monthly Annual
Known GRM 0.00 0.00
Solve for GRM 8.67 $104.00
Gross Rent Multiplier
Income Monthly Annual
Potential Gross Rent Amount $0.00 $0.00
Other Income $0.00
Sale PriceNalue
Sale Price $0.00
Value $0.00
Calculate GRM Monthly Annual
Known GRM 0.00 0.00
Solve for GRM 0.00 $0.00
Gross Rent Multiplier 1617 6th Ave
Income Monthly Annual
Potential Gross Rent Amount $1,100.00 $13,200.00
Other Income $0.00
Sale PriceNalue
Sale Price $115,000.00
Value $0.00
Calculate GRM Monthly Annual
Known GRM 0.00 0.00
Solve for GRM 8.71 $104.55
Gross Rent Multiplier 1831 6th Ave
Income Monthly Annual
Potential Gross Rent Amount $1,300.00 $15,600.00
Other Income $0.00
Sale PriceNalue
Sale Price $115,000.00
Value $0.00
Calculate GRM Monthly Annual
Known GRM 0.00 0.00
Solve for GRM 7.37 $88.46
7/15/2015., 1 Per Page-Listing Report
„� r : q � IRES MLS#: 760697 PRICE: $132,000
°.,,,4,,„4,:q0,4;k . 1514 10th Ave, Greeley 80631
INCOME PROPERTY/RES ACTIVE/BACKUP
,.�_ , , � Locale: Greeley County:Weld
Area/SubArea: 10/7
z Subdivision: Normal Way
r 1 pi ',—'1--- Legal: GR 3258 L27&$6'L28 BLK163 NORMAL WAY
= t. -: -- DOM:91 DTO: 61
rE ,v u ra re_. Website:www.iresis.com/go;mis1760697
x Total#Units:2
- Total SqFt: 1056 Bedrooms 12 3
Parking Spaces: #Units 2
Elementary: Maplewood Built: 1909 SqFt Source:Assessor records
Middle/Jr.: Heath New Const: No
High School: Greeley Central Builder. Model:
School District: Greeley 6 New Const Notes:
Lot SqFt:3,317 Approx.Acres:0.08 Listing Comments: Great opportunity to own an income property one
Elec: Water. City of Greeley block from the University of Northern Colorado.Each unit is 1 bedroom, 1
Gas: bath.Kitchen appliances are included,along with a washer and dryer for
PIN: 096108227003 Zoning: RES each unit.Shared basement area offers additional storage space.Within
Waterfront: No Water Meter Inst: No walking distant to shopping and dining.Very conveniently located for UNC
HOA: No students.Both units are currently leased through October. No HOA!
Broker Remarks: Current tenants rent is based on Section 8.Units
Total#Units:2 Bedrooms 1 previously rented for$600.Previous day notice to show REQUIRED.
Total SqFt: 1056 2 3 3 Landlord pays for water and trash.Tenants pay for electric and gas,and
Parking Spaces: #Units 2 each unit has its own meters.Contact 970-829-8304 to schedule
inspection.Contact CSS to schedule showings and appraisals 970-663-
Potential Rental Income: $14,400 7469.
Less Vacancy Rate: 0% Property Features
Effective Rental Income: $14,400 Style: 1 Story/Ranch Construction:Wood/Frame Roof: Composition Roof
Gross Operating Income: $14,400 Type: Duplex Outdoor Features: Patio Fences: Other Fence
Property Taxes: $322.60 Basement/Foundation: Unfinished Basement Heating: Forced Air
Tax Year Inclusions: Electric Range/Oven, Refrigerator,Clothes Washer,Clothes
Dryer Design Features: Eat-in Kitchen,Washer/Dryer Hookups Utilities:
Total Operating Expense: $322.60 Natural Gas, Electric Water/Sewer: City Water,City Sewer Ownership:
Net Operating Income: $14,077.40 Private Owner Occupied By:Tenant Occupied Possession: Delivery of
Cap Rate: 10.66 Gross Rent Mutt.:9.72 Deed Tenant Pays: Deposit,Gas,Electric Property Disclosures: Seller's
Property Disclosure,Lead Paint Disclosure Flood Plain: Minimal Risk
Units Beds Baths Bsmn SaFt Rent Parking Existing Lease: Fixed Term Possible Usage: Single Family,Multi Family
1 1 1 N 528 $553-- New Financing/Lending:Cash,Conventional Exclusions-Both Units:
1 1 1 N 528 $553-- Microwave,window coverings,tenants personal property
LA: Rob Kittle Phone: 970-460 4444 Email: offersAkitt!eteam.com Fax: 888-506-7809
LO: Kittle Real Estate Broker Phone: 970-460-4444
TB: 3.00 BA:3.00 Buyer Excl: No Contract: R For Showings: CSS:(970)663-7469 Request Online
Min EM: $1,400 EM Recip: Heritage Title Lim Service: N
Prepared By:Kristi Bolt-Jul 15,2015 11:48:58 AM
Information deemed reliable but not guaranteed.MLS content and images Copyright 1995-2015, IRES LLC.All rights reserved.
http://www.iresis.com/MLS/awa/reports/listing?reportName=One_per_Page 1/1
inaIZui5., 1 ver rage-Listing Report
" ! IRES MLS#: 766629 PRICE: $129,900
t
R,` t< .Le. 1218 10th St, Greeley 80631
.' ,-i_ �4 INCOME PROPERTY ACTIVE/BACKUP
' , .` 1 1 Locale: Greeley County:Weld
._ --'
� r ' ° Area/SubArea: 10/8
,. Subdivision:City of Greeley
' Legal: GR 5134 E2 Lot 3 Blk 73 City of Greeley
DOM: 31 DTO: 12
Total#Units: 2
—lisa
�. Total SqFt:2492 Bedrooms 12 3
Parking Spaces:
#Units 1 1
Z ' Built: 1927 SqFt Source:Assessor records
Elementary: Maplewood New Const: No
Middle/Jr.: Franklin Builder: Model:
High School: Greeley Central New Const Notes:
School District: Greeley 6 Listing Comments:Attractive 1 1/2 story 2-unit rental house,with
Lot SqFt:9,500 Approx.Acres: 0.22 sprinkler system.Both units fully rented,with main floor tenant also
Elec:Xcel Energy Water: City of Greeley occupying the basement.Alley access with plenty of parking in back.
Gas:Atmos Energy Condition is acceptable,with a newer roof.Main floor tenant pays 60%of
PIN: R3034386 Zoning: R-H gas and electric,while upstairs tenant pays 40%.Broker Remarks:24 hr
Waterfront: No Water Meter Inst:Yes notice for showings. Lockbox on back door.Dog in upstairs unit is said to
be friendly.
HOA: No ...
Driving Directions:Go east on 10th Street to the property on the south
Total#Units:2 Bedrooms 1 2 side of the street.
Total SqFt:2492 #Units 1 1 W Property Features
Parking Spaces: Style: 1 1/2 Story Construction: Wood/Frame Roof:Composition Roof
Potential Rental Income: $14,100 Outdoor Features: Lawn Sprinkler System Location Description: Level
Lot,Within City Limits Fences: Partially Fenced,Enclosed Fenced Area
Less Vacancy Rate: 5% Lot Improvements: Street Paved,Curbs,Gutters,Sidewalks,Street Light,
Effective Rental Income: $13,395 Alley,Fire Hydrant within 500 Feet Road Access:City Street
Gross Operating Income: $13,395 Road Surface At Property Line: Blacktop Road Parking Per Unit:2
Property Taxes: $506 Spaces/Unit Basement/Foundation: Partial Basement,50%+Finished
Tax Year: 2014 Basement Heating: Forced Air,Common Heat Source Inclusions:Window
Total Operating Expense: $506 Coverings,Electric Range/Oven,Refrigerator Design Features: Fire Alarm
Disabled Accessibility: Level Lot, Level Drive,Near Bus,Main Floor Bath,
Net Operating Income: $12,889 Main Level Bedroom Utilities: Natural Gas,Electric,Cable TV Available,
Cap Rate: 9.92 Gross Rent Mult.: 9.7 Master Meter-Electric,Master Meter-Gas WaterlSewer: City Water,City
Units Beds Baths Bsm t F Rent Parkin Sewer Ownership: Private Owner Occupied By:Tenant Occupied
—� g Possession: Specific Date,Current Lease Agreement Tenant Pays:
1 2 1 Y 1942$675-3/O Deposit,Gas,Electric Gross Scheduled Income Includes: Lease/Rents
1 1 1 N 550 $500-2/O Property Disclosures: No Property Disclosure Flood Plain: Minimal Risk
Existing Lease: Month-to-Month Possible Usage: Single Family,Multi
Family New Financing/Lending: Cash,Conventional
LA: Mike Ramstack Phone:970-590-7580 Email: mikerft)rorealtyhomes.com Fax: 970-353-1328
LO: Pro Realty Inc Broker Phone:970-353-1117
TB:3.00 BA:3.00 Buyer Excl: No Contract:TV For Showings: LO:(970)353-1117
Min EM: $1,500 EM Recip: Lim Service: N
Prepared By:Kristi Bolt-Jul 15,2015 11:48:32 AM
Information deemed reliable but not guaranteed. MLS content and images Copyright 1995-2015,IRES LLC.All rights reserved.
http://www.iresis.com/M LS/awa/reportsf isting?reportName=One_per_Page 1/1
//rolzu to leer rage-usnng Report
.,. ,. � .�,aa IRES MLS#: 752377 PRICE: $130,000
,. w t t 2121 5th Ave, Greeley 80631
RESIDENTIAL-DETACHED/INC SOLD
' - i Locale:Greeley County:Weill
` ` Area/SubArea: 10/16
Subdivision:Alta Vista Add
' Legal: GR 1016 L7 BLK8 ALTA VISTA
x £ ,r Total SqFt All Lvls: 2080 Basement SqFt: 832
t Total Finished SqFt: 1664 Lower Level SqFt:
Finished SqFt w/o Bsmt:1248 Main Level SqFt: 1248
- *, Upper Level SqFt: Addl Upper Lvl:
#Garage Spaces: 4 Garage Type: Detached
Elementary: Jackson Garage SqFt: 550
Middle/Jr.: Brentwood Built: 1946 SqFt Source:Assessor records
High School: Greeley Central New Const: No
School District: Greeley 6 Builder: Model:
Lot SqFt: 9,500 Approx.Acres:0.22 New Const Notes:
Elec:Xcel Water: City of Greeley CoListing Agent: Kristi Bolt 970-352-1212
Gas:Atmos Taxes: $571/2001 CoListing Office:Scott Realty Co.970-352-1212
PIN: Zoning:SFR Listing Comments: Property currently occupied by upstairs and
Waterfront: No Water Meter Inst:Yes downstairs tenant as well as tenant in garage.Great potential income
Water Rights: No Well Permit#: property/$1300 total for all units. Property sold in as is condition. Great
HOA: No investment property or to fix up as a single family home.Showings are
allowed from 11-12 noon Monday through Saturday.Please call Scott
Bedrooms: 3 Baths:2 Rough ins: 0 Realty Co at 970-352-1212 for showing instructions.
Baths Bsmt Lwr Main UL Addl Total Sold Date: 04/06/2015 Sold Price: $114,000
Full 1 1 0 0 0 2 Terms: CONV FIX DOM: 111 DTO:42 DTS: 111
3/4 0 0 0 0 0 0 Down Pmt Assist: N
1/2 0 0 0 0 0 0 Concession Type:CA
All Bedrooms Conform:Yes Total Concession Amt: $4,000
Rooms Level Length Width Floor SA: Stephanie Neely 970-227-6181
Master Bd M 10 10 Wood SO: RE/MAX Alliance-Greeley 970-330-5000
Bedroom 2 - - - - Property Features
Bedroom 3 - - - - Style: 1 Story/Ranch Construction:Wood/Frame Roof:Composition Roof
Bedroom 4 - - - - Fences: Partially Fenced Lot improvements: Street Paved
Bedroom 5 - - Basement/Foundation: Partial Basement,75%a+Finished Basement
Bedroom 6 - - - - Heating: No Heat Inclusions: Electric Range/Oven Design Features:
Eat-in Kitchen Utilities: Natural Gas, Electric Water/Sewer: City Water
Dining room - - - - Ownership: Private Owner Occupied By:Tenant Occupied Possession:
Family room - - - - Current Lease Agreement Property Disclosures: No Property Disclosure
Great room - - - - Flood Plain: Minimal Risk
Kitchen U 9 10 Laminate
Laundry - - - -
Living room - - - -
Rec room - - - -
Study/Office - - - -
LA: Shari Carmichael Phone: 970-405-5010 Email:shari.carmichael(a aol.com Fax: 970-352-1215
LO: Scott Realty Co. Broker Phone: 970-352-1212
TB:2.50 BA:2.50 Buyer Exci: No Contract: R For Showings: LO:(970)352-1212
Min EM:$1,000 EM Recip: Security Title Lim Service: N
Prepared By: Kristi Bolt-Jul 15,2015 11:48:46 AM
Information deemed reliable but not guaranteed.MLS content and images Copyright 1995-2015,IRES LLC.All rights reserved.
http://www.iresis.com/MLS/awalreportsRisting?reportName=One per_Page 1/1
/115/2U75 1 Per Page-Listing Report
IRES MLS#: 752383 PRICE: $115,000
#. f 1617 6th Ave, Greeley 80631
RESIDENTIAL-DETACHED/INC SOLD
Locale: Greeley County:Weld
1° e-° 4, Area/SubArea: 10/7
r '! 'villa Subdivision:Arlington Heights
--- Legal: GR 777 L9-10 BLK1 ARL HTS
I.
t i, ` Total SqFt All Lvls: 1754 Basement SqFt: 416
# Total Finished SqFt: 1416 Lower Level SqFt:
-» -. Finished SqFt w/o Bsmt:1000 Main Level SqFt: 1000
Upper Level SqFt: Addl Upper Lvi:
, #Garage Spaces: 1 Garage Type: Detached
Elementary: Jackson Garage SqFt:
Middle/Jr.: Brentwood Built: 1939 SqFt Source:Assessor records
High School: Greeley Central New Const: No
School District: Greeley 6 Builder: Model:
Lot SqFt:9,500 Approx.Acres:0.22 New Const Notes:
Elec:Xcel Water: City of Greeley Listing Comments: Property Currently occupied by upstairs and
Gas:Atmos Taxes: $529/2013 downstairs tenants.Great income potential!One year leases on property
PIN: Zoning: SFR with$900 month income-potentially more in this great rental market!
Waterfront: No Water Meter Inst:Yes Property sold in as is condition.Wonderful affordable opportunity for
investment and/or to make into your own!Showings are only from 11-12
Water Rights: No Well Permit#: noon Monday thru Saturday only.
HOA: No Sold Date: 02/16/2015 Sold Price: $60,523
Bedrooms: 3 Baths:2 Rough Ins:0 Terms: CASH DOM: 62 DTO:27 DTS:62
Baths Bsmt Lwr Main ipi Ad I Total Down Pmt Assist: N
Full 1 0 1 0 0 2 Concession Type: None
3/4 0 0 0 0 0 0 SA: Brandi Garifi 720-291-0899
1/2 0 0 0 0 0 0 SO: Group Harmony 970-229-0700
All Bedrooms Conform:Yes Property Features
Rooms Le ml J.ength Width Floor Style: 1 Story/Ranch Construction:Wood/Frame Roof: Composition Roof
Master Bd U 8 8 Carpet Fences: Enclosed Fenced Area Lot Improvements: Street Paved
Bedroom 2 - - - _ BasementlFoundation: Partial Basement,75%+Finished Basement
Heating: Forced Air Cooling: Ceiling Fan Inclusions: Electric
Bedroom 3 - - - - Range/Oven Design Features: Eat-in Kitchen Utilities: Natural Gas,
Bedroom 4 - - - - Electric I/Ilater/Sewer:City Water Ownership: Private Owner
Bedroom 5 - - - - Occupied By:Tenant Occupied Possession:Current Lease Agreement
Bedroom 6 - - - - Property Disclosures: No Property Disclosure Flood Plain: Minimal Risk
Dining room - - - - New Financing/Lending: Cash,Conventional
Family room - - - -
Great room - - - -
Kitchen U 9 10 Laminate
Laundry - - - -
Living room - - - -
Rec room - - - -
Study/Office - - - -
LA: Shari Carmichael Phone: 970-405-5010 Email:shari.carmichaek aoi.com Fax:970-352-1215
LO: Scott Realty Co.Broker Phone: 970-352-1212
TB:2.50 BA:2.50 Buyer Excl: No Contract: R For Showings: LO:(970)352-1212
Min EM:$1,000 EM Recip:Stewart Title Lim Service: N
Prepared By: Kristi Bolt-Jul 15,2015 11:48:18 AM
Information deemed reliable but not guaranteed.MLS content and images Copyright 1995-2015, IRES LLC.All rights reserved.
http://www.iresis.com/MLS/awa/reports/listing?reportName=One, per Page 1/1
7/15/2015. 1 Per Page-Listing Report
IRES MLS#: 752372 PRICE: $115,000
1831 6th Ave, Greeley 80631
RESIDENTIAL-DETACHED/INC SOLD
Locale: Greeley County:Weld
-, i ' I it-, ' I. Area/SubArea: 10/7
. Subdivision:Arlington Heights
Legal: GR 853 S2 L15 ALL L16 BLK8 ARL HTS
Total SqFt All Lvls: 1700 Basement SqFt: 700
Total Finished SqFt: 1700 Lower Level SqFt:
Finished SqFt w/o Bsmt:1000 Main Level SqFt: 1000
Upper Level SqFt: Addl Upper Lvl:
#Garage Spaces: 1 Garage Type: Detached
Elementary: Jackson Garage SqFt: 180
Middle/Jr.: Brentwood Built: 1927 SqFt Source:Assessor records
High School: Greeley Central New Const: No
School District: Greeley 6 Builder: Model:
Lot SqFt:7,125 Approx.Acres: 0.16 New Const Notes:
Elec:Xcel Water: City of Greeley CoListing Agent: Kristi Bolt 970-352-1212
Gas:Atmos Taxes: $501/2013 CoListing Office:Scott Realty Co.970-352-1212
PIN: Zoning: SFR Listing Comments: Property is currently occupied by upstairs and
Waterfront: No Water Meter Inst:Yes downstairs tenants.Great income potential!One year leases on property
Water Rights: No Well Permit#: with$1300/month rental income.Property is sold in as is condition.Great
HOA: No opportunity for investment and/or to make into your own!Showings held
between 11-12 noon Monday through Saturday.Please call agent for
Bedrooms: 3 Baths:2 Rough Ins: 0 showing instructions. Broker Remarks: Please call Scott Realty Co.at
Baths Bsmt Lwr Main U�r Addl Total 970-352-1212 for showing instructions.
Full 1 0 1 0 0 2 Sold Date:03/04/2015 Sold Price: $120,000
3/4 0 0 0 0 0 0 Terms: CONV FIX DOM:78 DTO: 38 DTS: 78
1/2 0 0 0 0 0 0 Down Pmt Assist: N
All Bedrooms Conform:Yes Concession Type:CA
Rooms Level Length Width Floor Total Concession Amt: $2,000
Master Bd M 10 10 Wood SA: Nikki True 970-353-1117
Bedroom 2 - - - - SO: Pro Realty Inc 970-353-1117
Bedroom 3 - - - - Property Features
Bedroom 4 - - - - Style: 1 Story/Ranch Construction:Wood/Frame Roof: Composition Roof
Bedroom 5 - - - - Type: Includes Rental Unit Location Description: Level Lot Fences:
Enclosed Fenced Area Views: City View Lot Improvements: Street Paved
Bedroom 6 - - - - Basement/Foundation: Partial Basement,90%+Finished Basement
Dining room - - - - Heating: Forced Air Cooling: Ceiling Fan Inclusions:Window Coverings,
Family room - - - - Electric Range/Oven,Gas Range/Oven,Smoke Alarm(s)
Great room - - - - Design Features: Eat-in Kitchen,Wood Floors Utilities: Natural Gas,
Kitchen M 9 10 Laminate Electric Water/Sewer:City Water Ownership: Private Owner
Laundry - - - Occupied By:Tenant Occupied Possession: Current Lease Agreement
Living Property Disclosures: No Property Disclosure Flood Plain: Minimal Risk
room - - - - Possible Usage: Single Family, Multi Family,Additional Units
Rec room - - - - New Financing/Lending: Cash,Conventional
Study/Office - - - -
LA: Shari Carmichael Phone: 970-405-5010 Email: shari.carmichaelQaoi.com Fax: 970-352-1215
LO: Scott Realty Co.Broker Phone: 970-352-1212
TB:2.50 BA:2.50 Buyer Excl: No Contract: R For Showings: LO:(970)352-1212
Min EM:$1,000 EM Recip: Stewart Title Lim Service: N
Prepared By: Kristi Bolt-Jul 15,2015 11:48:04 AM
Information deemed reliable but not guaranteed.MLS content and images Copyright 1995-2015, IRES LLC.All rights reserved.
ht1p://www.iresis.com/M t Sawa/reportsllisting?reportName=0neper_Page 1/1
L
7/15/2015 . Property Report
Weld County
r Property Report
i p
Account: R3262586
July 15, 2015
Account Information
Account Tax Tax Actual Assessed I
Account Parcel Space Type Year Area Buildings Value Value
R3262586 096108223020 Residential 2015 0600 ! 1 165,730 13,190
Legal
GR 620 E40'L1 &2 BLK151 BEER&THOMAS
Subdivision Block Lot Land Economic Area
j BEER&THOMAS SUB 151 1 GRLY N OF 16TH ST 8TH AVE TO R
Property Address Property City Zip , Section Township Range
620 14 ST GREELEY NA 08 05 65
Owner(s)
Account Owner Name Address
R3262586 DAVDUG CORPORATION 2435 50TH AVE GREELEY,CO 806344021
Document History
https://propertyreport.co.weld.co.us/?account=R3262586 1/5
7/15/2015• Property Report
S
Reception Rec Date Type Grantor Grantee Fee Sale Date Price
02003298 I 03-26-1985 WDN NA , NA ' 0.00 01-01-1900 I 0
2694282 I 05-17-1999 QCN RAONODAL LEE SIGNOTRILLC LLC 0.00 08-14-1998 I 0
I CENTENNIAL
2909461 ; 12-17-2001 PTD SIGNO TRI BANK OF THE 0.00 12-17-2001 0
I LLC
WEST ;
CENTENNIAL PRESHAW
2922923 1 02-06-2002 SWD BANK OF RICHARD& 10.50 02-01-2002 105,000
I THE WEST LORI
J PRESHAW CORTESE
3259154 ; 02-07-2005 WD RICHARD& 1 MARY ANN 16.26 02-03-2005 162,600
1
3490170 I 07-13-2007 Wp RTESE 9.55 . 07-11-2007 95,500
MA CORPORA
TION MARYANN CORPORATION ,
RANDAL
03-26-1985 NA X0008497 I 3.00 03-26-1985 30,000
' RANDAL LEE
Building Information
Building 1
E
AccountNo 4 Building ID 1 Occupancy
R3262586 1 I Duplex-One Parcel
ID ' Type NBHD ' Occupancy ; Built As ` Bedrooms Baths Rooms
I
1 Residential 6033 , Duplex-One Parcel 2 Story 4 I 2 0
ID Square Condo Total Basement Finished I Garage 1 Carport Balcony Porch
Ft ' SF SF I SF SF SF SF SF
1 2,005 0 0 0 10 i 0 I 58 ` 97
ID Year Built %Complete ' Stories Perimeter f Units ; Unit Type I
i
1 , 1900 100 2 0 , 2
https://propertyreport.co.weld.co.us/?account=R3262586 2/5
7/15/2015 . Property Report
ID Length Width Make
1 0 0 NA
ID 1 Exterior Roof Cover Interior HVAC ,
1 Frame Siding NA Drywall Forced Air
Details Building. 1
ID Detail Type Description Units
1 Appliance Allowance 2
1 Balcony Wood Wood Fin 58
1 Fixture ! Allowance 2
1 Fixture ! Bath 3 2
1 Porch Cvrd Wood Deck 72
1 ! Porch Open Slab 25
Valuation Information
Actual Assessed Land
Type Code Description Acres
SgFt Value Value
Improvement 1215 UP/TRIPLEX 159,730 12,710 0.000 0
IM IMPROVEMENTS
Land 1115 DUP/TRIPLEX LAND 6,000 480 0.092 4,000
Totals - - 165,730 13,190 0.092 4,000
Tax Authorites
I tltwJ/propertyreport.co.weld.co.us/?account=R3262586 3/5
P
7/15/2015. Property Report
' Tax Area District ID District Name Current Mill Levy
600 100 WELD COUNTY 15.800
600 206 SCHOOL DIST#6-GREELEY 37.880
600 301 i NORTHERN COLORADO WATER(NCW) + 1.000
600 411 GREELEY CITY 11.274
600 700 AIMS JUNIOR COLLEGE 6.333
600 1050 i HIGH PLAINS LIBRARY ' 3.267
Total - - 75.554
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7/15/2015. Property Report
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https://propertyreport.co.weld.co.us/?account=R3262586 5/5
7/15/2015.. Gross Rent Multiplier-Wikipedia,the free encyclopedia
Gross Rent Multiplier
From Wikipedia, the free encyclopedia
Gross Rent Multiplier is the ratio of the price of a real estate investment to its monthly rental income
before expenses such as property taxes, insurance, and even utilities for vacation rental properties. Other
expenses could include the cost of hiring a property management company. To sum up Gross Rent
Multiplier, it is the number of months the property would take to pay for itself in gross received rent. For
the investor, a higher GRM (perhaps over 120) is a poorer opportunity, whereas a lower one (perhaps under
80) is better.
The GRM is useful for comparing and selecting investment properties where depreciation effects, periodic
costs (such as property taxes and insurance) and costs to the investor incurred by a potential renter(such as
utilities and repairs) can be expected to be uniform across the properties (either as uniform values or
uniform fractions of the gross rental income) or insignificant in comparison to gross rental income. As these
costs are also often more difficult to predict than market rental return, the GRM serves as an alternative to a
measure of net investment return where such a measure would be difficult to determine.
Example; $200,000 Sale Price / $2,000 gross monthly rents = 100
The common measure of rental real estate value based on net return rather than gross rental income is the
Capitalization Rate or Cap Rate. In contrast to the GRM, the Cap Rate is not a multiplier but a rate of
annual return. A similar multiplier to the GRM derived from net return would be the multiplicative inverse
of the Cap Rate.
[1] GRM
References
1. https://www.fanniemae.com/content/guide_form/1025.pdf
Retrieved from "https://en.wikipedia.org/w/index.php?title=Gross_Rent Multiplier&oldid=670632570"
Categories: Real estate Real estate stubs
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