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Home My WebLink About20152458.tiff \..... ..._3, 1861, CLERK TO THE BOARD PHONE (970) 336-7215, EXT 4226 Illixtre_.„ FAX (970) 352-0242 ; WEBSITE: www.co.weld.co.us 1150 O STREET V COUNITY P.O. BOX 758 GREELEY CO 80632 September 1, 2015 BRICHACEK JAY D 19013 COUNTY ROAD 15 JOHNSTOWN, CO 80534-9219 RE: THE BOARD OF EQUALIZATION 2015, WELD COUNTY COLORADO APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR ACCOUNT NO.: R2226903 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 $749,518.00 $670,000.00 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 2015-2458 AS0091 V COUNTY BOARD OF EQUALIZATION Iola WELD COUNTY Single County Schedule Number P2226903 _ • w ♦ ♦ Y • ♦ W • w 'e Y y' P' w Y w a i' x Y x w x 4 Ji P i w. w 7L i {i. u' • i 0 . . `. W • 4 • B .t ¢ I .' '• R V • Y Y 4 Y • w Y 'A' P i i i .• 'i r ti Y • i ♦ Y M Y 1 W .v. w f{ L: i s KK i. Y: P M STIPULATION (As To Tax YearS.2015, . Actual Value) RE PETITION OF : NAME :: Marsh Brichacek ADDRESS : 19019 CR 15 Johnstown, Co 80534 rY * • * % b 4 * a 4 w * w a * ai w * * iw `* w # a R * w • 4 w K •- w w w .xw 44 • i w • s rS 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: I . The property subject to this Stipulation is described as : Rec Exempt RE t-2 841 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 $749, 518 . 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 $670,000 . 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 : Reduced based on review of additional comparable properties. 7 . Both parties agree that: I__The hearing scheduled before the Board of Equalization on at be vacated. MA hearing has not yet been scheduled before the Board of Equalization. R2226903 t 0201 s— ali6g DATED this 28 day of July,2015. �t i"ti 'liC G�" C Art G/ Petitioner(s) or Agent or Attorney (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: Address: 19 i �- a `� 1150 "O" Street T:ki-, to,'J) G� 67 ti 53`-, P.O. Box 758 Greeley, CO 80632 Telephone: -1)-C. 1L,57 Telephone:(970) 336-7235 Rack, tv,6 County Assessor — .ci ter Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 Docket Number Stip-1.Frm REC !VD E D R2226903 AUG 0 3 2015 2 WIND COUNTY ASSSOR GREELEY, COLORADO NOTICE OF DETERMINATION RECEIVED Christopher M . Woodruff JUL 1 7 2015 Date of Notice : 6/30/2015 Weld County Assessor Telephone : ( 970) 353-3845 1400 N 17`h 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 R2226903 2015 2377 PT SE4 30-4-67 LOT A AMD REC EXEMPT RE-2 - 841 ( 1 . 81R) W BRICHACEK JAY D 19013 COUNTY ROAD 15 19013 15 CR � JOHNSTOWN, CO 80534-9219 WELD , CO 000000000 IX a a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW RESIDENTIAL 893, 294 749, 518 TOTAL $893,294 $749,518 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 ) : CO : abil 117 2015-2458 AS0Oq I :APREAIDFICIPEOURES 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.gov/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.) $ 404Oi0o© What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, aK}praisal, et ATTESTATION I, the undersigned owner or ent1 of the property identified above, affirm that the statements contained herein and on any att chm nts he o are e and complete. ena—S-$7-1/3(1 iJiIA 5. a Telephone Number Dat r Lc tn� Email A ress ' Attach letter of authorization Yproperty si ned bowner. 9 15-DPT-AR PR 207-08/13 R2226903 8430508 R r Kyler Knudsen Uniform Residential Appraisal Report File# 15-07-004 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property. Property Address 19013 County Road 15 City Johnstown State CO Zip Code 80534 Borrower N/A Owner of Public Record Brichacek,Jay D/Marsha A County Weld Legal Description PT SE4 30-4-67 LOT A AMD REC EXEMPTRE-2841(1.81 R)19013 15 CR WELD 000000000 Assessor's Parcel# 105930400049 Tax Year 2014 R.E.Taxes$ 3,740 -. Neighborhood Name None Map Reference 24540 Census Tract 0021.02 Occupant X Owner Tenant Vacant Special Assessments$ 0 PUD HOA$ 0 per year per month S Property Rights Appraised )(Fee Simple Leasehold Other(describe) N Assignment Type Purchase Transaction Refinance Transaction )(Other(describe) For use in establishing market value for county assessor. Lender/Client Marhha Brichacek Address 19013 County Road 15,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? Yes X No Report data source(s)used,offering price(s),and date(s). Regional multiple listing service and county records were used to verify most sales/listing data. I did 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. r U Contract Price$ Date of Contract Is the property seller the owner of public record? Yes No Data Source(s) z Is there any financial assistance(loan charges,sale concessions,gift or downpayment assistance,etc.)to be paid by any party on behalf of the borrower? Yes No 8 If Yes,report the total dollar amount and describe the items to be paid. Note:Race and the racial composition of the neighborhood are not appraisal factors. FEE-UnitHOWMg L Resent trtd Use% Location Urban Suburban X Rural Property Values Increasing X Stable Declining PRICE AGE One-Unit 80% o Built-Up Over 75% X 25-75% Under 25% Demand/Supply Shortage X In Balance Over Supply $(000) (yrs) 2-4 Unit 0% o Growth Rapid X Stable Slow Marketing Time Under 3 mths X 3-6 mths Over 6 mths 15 Low 290 Multi-Family 5% z Neighborhood Boundaries This neighborhood is bounded on the North by County Rd 48,on the East by 114 High 999 Commercial 5% m County Rd 19,on the South by County Rd 38,and on the West by Colorado Blvd. 17 Pred. 556 Other 10% Neighborhood Description See attached addenda. w z Market Conditions(including support for the above conclusions) See attached addenda. Dimensions Triangle Area 14.5 ac Shape Mostly Triangle View B;Mtn; Specific Zoning Classification Ag Zoning Description Agriculture Zoning Compliance X Legal Legal Nonconforming(Grandfathered Use) No Zoning Illegal(describe) Is the highest and best use of subject property as improved(or as proposed per plans and specifications)the present use? X Yes No If No,describe Utilities Public Other(describe) Public Other(describe) Off-site Improvements-Type Public Private Ili Electricity X Xcel Energy Water X Big Thompson Street Gravel X w Gas X Propane Sanitary Sewer X Septic Alley None FEMA Special Flood Hazard Area Yes X No FEMA Flood Zone C FEMA Map# 0802660750C FEMA Map Date 09/28/1982 Are the utilities and off-site improvements typical for the market area? X Yes No It No,describe Are there any adverse site conditions or external factors(easements,encroachments,environmental conditions,land uses,etc.)? Yes X No If Yes,describe General Desalpdon Foundation ; Eoderior ° , anAerhtlklumakm-erier nalerieWcoat(on Units X One One with Accessory Unit Concrete Slab Crawl Space Foundation Walls 8"Concrete/Good Floors Tile/Carpet/Good #of Stories 2 X Full Basement Partial Basement Exterior Walls PntdStcco/Rock/Gd Walls PntdTxtdDw/Gd Type X Det. Att. S-Det./End Unit Basement Area 1,790 sq.tt. Roof Surface AsphaltShingles/Gd Trim/Finish 3"Oak/Good X Existing Proposed Under Const. Basement Finish 90 % Gutters&Downspouts G.Steel Painted/Gd Bath Floor Tile/Good Design(Style) 2Story X Outside Entry/Exit Sump Pump Window Type DbIPM/y/Good Bath Wainscot Formica/Good Year Built 2002 Evidence of Infestation Storm Sash/Insulated DoublePaned/Good Car Storage None Effective Age(Yrs) 10 Dampness Settlement Screens Cloth/Good X Driveway #of Cars 3 Attic None Heating FWA X HWBB X Radiant Amenities Woodstove(s)# 0 Driveway Surface Concrete Drop Stair Stairs Other Fuel Propane X Fireplace(s)# 1 Fence None X Garage #of Cars 3 Floor X Scuttle Cooling X Central Air Conditioning X Patio/Deck 2Deck)(Porch Covered Carport #of Cars 0 or Finished Heated Individual Other Pool None Other None X Att. Det. Buih-in z Appliances X Refrigerator X Range/Oven X Dishwasher X Disposal X Microwave X Washer/Dryer Other(describe) w Finished area above grade contains: 10 Rooms 4 Bedrooms 2.1 Bath(s) 3,418 Square Feet of Gross Living Area Above Grade o Additional features(special energy efficient items,etc.). The subject enjoys two trex decks,one off of the back of the home and a smaller deck off of the as master bedroom.Additionally,the home offers a secure vault/fall-out shelter under the front porch encased in concrete. — Describe the condition of the property(including needed repairs,deterioration,renovations,remodeling,etc.). C3;No updates in the prior 15 years;The home enjoys 14 feet vaulted ceilings in the living room and 8 feet ceilings in the basement. There is also a double sided fireplace with floor to ceiling river rock. There is also a 40x64 metal sided shop that is equipped with 240 watt electricity and ceiling fans.A portion of the basement is finished without carpet/floor coverings.We reduce the basement's overall finish percentage to account for the lack of flooring. Are there any physical deficiencies or adverse conditions that affect the livability,soundness,or structural integrity of the property? Yes X No If Yes,describe Does the property generally conform to the neighborhood(functional utility,style,condition,use,construction,etc.)? X Yes No If No,describe Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 1 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE I, Uniform Residential Appraisal Report File# 15-07-004 There are 1 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 999,900 to$ 999,900 There are 7 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from$ 270,000 to$ 965,000 FEATURE I SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 Address 19013 County Road 15 19943 County Road 15 19203 County Road 5 22748 County Road 3 Johnstown,CO 80534 Johnstown,CO 80534 Berthoud,CO 80513 Berthoud,CO 80513 Proximity to Subject 0.93 miles NE 4.84 miles W 6.43 miles NW Sale Price $ L$ 496,600 $ 575,000 $ 565 000 Sale Price/Gross Liv.Area $ sq.ft. $ 197.93 sot. $ 170.67 sq.ft I $ 252.23 sq.ft. Data Source(s) MLSExtlnspCountyRec;DOM 31 MLSExtlnspCountyRec;DOM 117 MLSExtlnspCountyRec;DOM 145 Verification Source(s) MLS#727154 MLS#708476 MLS#706773 VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-)$Adjustment DESCRIPTION +(-)$Adjustment DESCRIPTION +(-)$Adjustment Sales or Financing ArmLth ArmLth ArmLth Concessions Conv;0 Cash;0 Conv;0 Date of Sale/Time s04/14;Unk j s09/13;Unk s09/13;Unk Location N;Res; N;Res; N;Res; N;Res; Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple j Fee Simple She 14.5 ac 5.34 ac +20,000 34.5 ac -25,000 7.5 ac +20,000 View B;Mtn; B;Mtn; B;Mtn; B;Mtn; Design(Style) DT2;2Story DT2;2Story j DT2;2Story DT2;2Story Quality of Construction Q3 03 Q3 03 Actual Age 12 96 +40,000 13 0 13 0 Condition C3 C3 C3 C3 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count 10 4 2.1 7 3 1.1 +6,000 11 j 4 3.1 -6,000 10 4 1.2 +3,000 Gross Living Area 3,418 sq.ft. 2,509 sq.ft. +54,540 3,369 sq.ft. +2,940 2,240 sq.ft. +70,680 Basement&Finished 17905f1611sfwo 1204sf1083sfin +10,548 1978sf1483sfin -3,384 1120sf560sfin +12,060 Rooms Below Grade 1rr1br1.0ba2o 2rr1br1.0ba10 +8,0001rrlbr1.0ba0o , +2,0000rr1br0.Oba0o +15,000 Functional Utility WalkOutBasem GardenLvWindo +15,000 GardenLvWindo +15,000 GardenLvWindo +15,000 Heating/Cooling HtWtrRadiat/AC ForcedAir/AC +5,000 ForcedAir/AC +5,000 ForcedAir/AC +5,000 o Energy Efficient Items Typical Typical Typical Typical a Garage/Carport 3ga3dw 3gd3dw +5,000 3ga3dw 2ga2dw +8,000 < Porch/Patio/Deck Porch/2 Decks Deck 0 Porch/Deck 0 WrpArndPorch 0 o Landscaping Good Good Good Superior -5,000 N E Out Buildings 40x64 Shed Office/Barn -5,000 None +30,000 Bm/MotherSuite -20,000 oa.Additional Features SeveralUpqrade SeveralUpgrade SeveralUpgrade SeveralUpgrade o Net Adjustment(Total) X+ - $ 159,088 X+ - $ 20,556 X+ - $ 123,740 w Adjusted Sale Price Net Adj. 32.0% Net Adj. 3.6% Net Adj. 21.9% a of Comparables Gross Adj. 34.0% $ 655,688 Gross Adj. 15.5% $ 595,556 Gross Adj. 30.8% $ 688,740 )(did did not research the sale or transfer history of the subject property and comparable sales.If not,explain My research did x 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) -Regional MLS system and various county sales databases. My research X did 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) -Regional MLS system and various county records databases. Report the results 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#1 COMPARABLE SALE#2 COMPARABLE SALE#3 Date of Prior Sale/Transfer 12/02/2013 Price of Prior Sale/Transfer $420,000 Data Source(s) County Records County Records County Records County Records Effective Date of Data Source(s) 07/27/2014 07/27/2014 07/27/2014 07/27/2014 Analysis of prior sale or transfer history of the subject property and comparable sales All sales appear to be arms-length,market transactions and reflect market prices at the time of sale. Research reveals comparable 1 was sold on December 2,2013 then again on April 11,2014. Both sales appear to be arms length transactions. No other previous sales of the analyzed comparable sales within the last twelve months. Additionally,the subject property has not sold within the last three years of the effective date of this report. Summary of Sales Comparison Approach The selected sales offer the most recent comparable sales reflective of the subject's appeal in the current market. All sales closed within the last twelve months,which reflects current market pricing levels.We attempted to find home sales similar in home style,lot size,room count,floor plan,similar construction quality,and overall property appeal that compared most comprehensively to the subject.Reconciliation leaned heavily towards comparable 2 for its similarity to the subject,location and lighter adjustments.Adjusted comparables range from$595,556 to$673,694 and reconcile towards$640,000. _Indicated Value by Sales Comparison Approach$ 640,000 Indicated Value by:Sales Comparison Approach S 640,000 Cost Approach(if developed)$ Income Approach(if developed)S The Sales Comparison Approach is based upon ample market data which readily reflects prevailing value trends in this locale. The Cost z Approach was not required to obtain a value and the area is mainly owner occupied and contains insufficient data for the Income Approach. O r I This appraisal is made x"as is", subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been z completed, 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 o following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair: See attached addenda. w re 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 (our) opinion of the market value, as defined, of the real property that is the subject of this report is $ 640,000 ,as of 06/30/2014 , which is the date of inspection and the effective date of this appraisal. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD-'TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE a Uniform Residential Appraisal Report File# 15-07-004 PURPOSE AND INTENDED USE OF THE APPRAISAL The purpose and intended use of this appraisal report is to estimate the"market value"of the subject property as defined in the limiting conditions made a part of this report by addendum. This credible report is intended for the use by the indicated client(and/or assigns)for use in establishing market value for a assessed value protest. The report is not intended for any other use. SCOPE OF THE APPRAISAL This report was made to assist in establishing value for a County Assessor valuation protest and was completed in accordance with Standard Rule 2.2 of the Uniform Standards of Professional Appraisal Practice is a credible report and the result of a complete appraisal analysis.The appraiser performed an interior and exterior examination of the subject property and examined the comparable sales from the street.Data used in this opinion of value came from the MLS,public records,appraisal database,owner input,area real estate professionals,and the appraiser's general knowledge of the Northern Colorado real estate market. GRAMM-LEACH-BLILEY ACT: In compliance with the Gramm-Leach-Bliley Act(GLBA),the appraiser does not disclose any non-public personal information about the borrower(s)with anyone for any purpose that is not specifically permitted by law.The appraiser restricts access to non-public personal e information about the borrower(s)to those employees who need to know that information in order to provide products and services to you.The w appraiser maintains physical,electronic,and procedural safeguards that comply with federal regulations to guard the borrower(s)non-public personal information(if any). 0 DIGITAL SIGNATURE: z This appraisal report contains digital signatures that meet the requirement of Statement on Appraisal Standard No.8(SMT-8).The software E programs used to transfer the report electronically provide digital signature security features for the appraiser signing the report.The appraiser o that has signed(affixed by electronic signature)this report has ensured that the electronic signature is protected and the appraiser has c maintained control of the signature per SMT-8 of the Uniform Standards of Professional Appraisal Practice.Electronically affixing a signature to a report carries the same level of authenticity and responsibility as an original ink signature on a paper copy report. _ CO$T APPROACH IOU=(sot iwOod by node Mae) Provide adequate information for the lender/client to replicate the below cost figures and calculations. Support for the opinion of site value(summary of comparable land sales or other methods for estimating site value) ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE =$ o Source of cost data DWELLING Sq.Ft.@$ =$ Quality rating from cost service Effective date of cost data Sq.Ft.@$ _$ Comments on Cost Approach(gross living area calculations,depreciation,etc.) _$ Garage/Carport Sq.Ft.@$ _$ Total Estimate of Cost-New =$ Less Physical Functional External Depreciation =8) ) Depreciated Cost of Improvements =5 "As-is"Value of Site Improvements =$ Estimated Remaining Economic Life(HUD and VA only) Years INDICATED VALUE BY COST APPROACH =8 Stnie APPROACH TO VALUE(not rewired byFat eMae) o 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) — PRO CT NWORMATkM1 FOR Map wHcalatei Is the developer/builder in control of the Homeowners'Association(HOA)? Yes No Unit type(s) Detached Attached Provide the following information for PUDs ONLY H 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 —�O Total number of units rented Total number of units for sale Data source(s) 2 Was the project created by the conversion of existing building(s)into a PUD? Yes _ No If Yes,date of conversion. o Does the project contain any mufti-dwelling units? Yes No Data Source Are the units,common elements,and recreation facilities complete? Yes No If No,describe the status of completion. 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 Page 3 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE s Uniform Residential Appraisal Report File# 15-07-004 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 of 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 the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Uniform Residential Appraisal Report File# 15-07-004 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. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 5 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Uniform Residential Appraisal Report File# 15-07-004 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 appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. 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 Kyler W.Knudsen,MAI Name Company Name DRM Real Estate Advisors,LLC Company Name Company Address P.O.Box 329 Company Address Loveland,CO 80538 Telephone Number 970-674-1313 Telephone Number Email Address kyler@drmrealestate.com Email Address Date of Signature and Report 07/13/2015 Date of Signature Effective Date of Appraisal 06/30/2014 State Certification# State Certification# CG40015863 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 12/31/2016 SUBJECT PROPERTY ADDRESS OF PROPERTY APPRAISED Did not inspect subject property 19013 County Road 15 Did inspect exterior of subject property from street Date of Inspection Johnstown,CO 80534 Did inspect interior and exterior of subject property APPRAISED VALUE OF SUBJECT PROPERTY$ 640,000 Date of Inspection LENDER/CLIENT Name No AMC COMPARABLE SALES Company Name Marhsa Brichacek Company Address 19013 County Road 15,Johnstown,CO 80534 Did not inspect exterior of comparable sales from street Did inspect exterior of comparable sales from street Email Address Date of Inspection Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 6 of 6 Fannie Mae Form 1004 March 2005 Form 1004UAD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE 1 � Uniform Residential Appraisal Report File# 15-07-004 FEATURE I SUBJECT COMPARABLE SALE#4 COMPARABLE SALE#5 COMPARABLE SALE#6 Address 19013 County Road 15 4480 Getaway Dr Johnstown,CO 805.34 Berthoud,CO 80513 Proximity to Subject 12.49 miles W Sale Price $ L$ 675,000 $ 1$ Sale Price/Gross Liv.Area $ sq.ft. $ 194.08 sq ft $ sq.ft $ sq ft Data Source(s) MLSExtlnspCountyRec;DOM 206 Verification Source(s) MLS#713566 VALUE ADJUSTMENTS DESCRIPTION_ DESCRIPTION +(-)$Adjustment DESCRIPTION +(-)$Adjustment DESCRIPTION +(-)$Adjustment Sales or Financing ArmLth Concessions Cash;0 Date of Sale/Time s01/14;Unk = Location N;Res; N;Res;MoreRura -20,000 a Leasehold/Fee Simple Fee Simple Fee Simple 2 Site 14.5 ac 35.5 ac -25,000 a View B;Mtn; B;Mtn; Z Design(Style) DT2;2Story DT2;2Story l N Quality of Construction Q3 Q3 ce Actual Age 12 17 0 &- Condition C3 C3 g Above Grade i Total Bdrms. Baths Total Bdrms..Baths Total Bdrms. Baths Total Bdrms. Baths w Room Count 10 4 2.1 10 4 4.0 -8,000 a Gross Living Area 3,418 sq.ft. 3,478 sq.ft. -3,600 sq.ft. sq.ft. v,Basement&Finished 1790sf1611 sfwo 1107sf996sf in +12,294 Rooms Below Grade 1 rr1 brl.0ba2o 1 rrObrl.0bal o +15,000 Functional Utility WalkOutBasem WIkOtBsmtKtch -5,000 Heating/Cooling HtVVtrRadiat/AC ForcedAir/AC +5,000 Energy Efficient Items Typical Typical Garage/Carport 3ga3dw 3ga3dw Porch/Patio/Deck Porch/2 Decks Prch/Pat/2Deck -5,000 Landscaping Good Superior -10,000 Out Buildings 40x64 Shed None +30,000 Additional Features SeveralUpgrade SeveralUpgrade Net Adjustment(Total) + X - $ -14,306 + - $ + - $ Adjusted Sale Price Net Adj. 2.1% Net Adj. % Net Adj. % _of Comparables Gross Adj. 20.6% $ 660,694 Gross Adj. % $ Gross Adj. % $ Report the results 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#4 COMPARABLE SALE#5 COMPARABLE SALE#6 Date of Prior Sale/Transfer Y Price of Prior Sale/Transfer o Data Source(s) County Records County Records Effective Date of Data Source(s) 07/27/2014 07/30/2014 Analysis of prior sale or transfer history of the subject property and comparable sales All sales appear to be arms-length,market transactions and reflect market prices at the time of sale. Research reveals comparable 1 was sold on December 2,2013 then again on April 11,2014. Both sales cn appear to be arms length transactions. No other previous sales of the analyzed comparable sales within the last twelve months. Additionally,the subject property has not sold within the last three years of the effective date of this report. Analysis/Comments See addendum for comparable sales discussion. N Z W _ 2 O U t/1 N J Z Freddie Mac Form 70 March 2005 UAD Version 9/2011 Fannie Mae Form 1004 March 2005 Form 1004UAD.(AC)-"TOTAL'appraisal software by a la mode,inc.-1-800-ALAMODE Supplemental Addendum File No.15-07-004 Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank •URAR:Neighborhood-Description The subject neighborhood is located 5 miles south of the Town of Johnstown. The location offers easy access to Johnstown,Windsor,Fort Collins or Loveland which offers multiple choices for shopping,restaurants and other typical amenities.The location offers easy access to recreation actives such hiking in Rocky Mountain National Park or other outdoor activities. The neighborhood is characterized by homes on small to larger site sizes,farmland and varying views of the Rocky Mountains. Homes vary in size,construction quality,lot size,views and distance to amenities and employers.Employment stability is considered average. •URAR:Neighborhood-Market Conditions The current national economy has entered a slow recovery from the recent great recession.The Fed-Funds rate has lowered over 14 times over the past 8 years and is considered to be effectively zero at this point,which has helped in the recovery of both banks and the real estate market.Current lending is fairly robust with rates staying close to historical lows.Recent job reports reveal improvement to the nation economy with Northern Colorado staying just ahead of the national curve with the local unemployment rate continuing to improve. The area is accessible to commuters via County Rd 38.This allows access to locations in Northern Colorado (Windsor/Loveland/Fort Collins/Greeley)via I-25,which also allows a reasonable commute to north Denver. Currently,the area is attractive to medium to higher income families.Homes vary in size,construction,quality,lot size,views of the Rocky Mountains and distance to amenities and employers. The area is also surrounded b by farmland.Employment stability is considered average as most residents in this area are commuters to surrounding communities. Medical offices in the area are recovering with the addition of Kaiser Permanent to the area,which has partnered with Banner Health Systems and will be building a new multi-million dollar hospital on East Harmony near 1-25 in the coming months.This as well as the expansion of several large local employers(Woodward Governor,Agillent, OtterBox,etc.)will help boost employment in the region.Yet,it is still extremely difficult to estimate trends in the local real estate market with a still somewhat unsteady national economic picture and only moderate job growth. Currently property values for this sector are considered slightly appreciating and may incur some adjustments for date of sale depending on the sale date.Typical financing is CNV,VA,and FHA in the area of 4.5%with a seller paying minimal to no points.Typical DOM for area is around 143 and ASP to ALP is approx.96%. •URAR:Sales Comparison Analysis-Summary of Sales Comparison Approach The selected sales offer the most recent comparable sales reflective of the subject's appeal in the current market.All sales closed within the last twelve months,which reflects current market pricing levels.The sales are all located within Weld County and offer similar construction quality when compared to the subject.I attempted to find home sales similar in home style,site size,room count,floor plan,view and overall property appeal that compared to the subject individually or comprehensively. Comparable 1 is located just to the north of the subject. The home has been remodeled to include new wood,tile and carpeted floors. The kitchen has new stainless steel appliances. The kitchen and bathroom have silestone countertops. There is a sunroom,detached 20x14 office/studio,3-car detached garage with workshop,and a 3 sided barn. Comparable 2 sits on 34.5 acres but does not offer outbuildings. There is a portion of the property off of the back of the house fenced in for a back yard with landscaping. Comparable 3 offers superior upgrades which include granite countertops throughout,stainless steel appliances, and wood floors. The home has a 2-car attached garage,a 40x60 barn,and a 30x88 Mother-in-law suite with a 2-car garage. The home also has a large outdoor garden as well as a heated greenhouse. Comparable 4 sits on 35.5 acres but does not offer outbuildings. The home does provide several upgrades such as granite counters,partially finished basement with a recreation room,bathroom and kitchen. There are also two balcony decks along with a patio. The home is located in a slightly more removed area southwest of Berthoud and offers inferior access to 1-25 and shopping. The subject enjoys a walk-out garden level basement along with comparable 4,while the comparables have interior entrance basements. An adjustment was not given for the difference in decks and porches due to the same functional utility. Taking in consideration the unique style of each comparable in comparison to the subject property reconciliation was supported by comparable 2 based on its lower net adjustments and similar features as the subject property.The adjusted comparables range is reasonably tight and is reconciled at$640,000. Form TADD-"TOTAL'appraisal software by a la mode,inc.-1-800-ALAMODE Supplemental Addendum File No.15-07-004 Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank Note:Melanie Neys provided assistance in this report regarding inspection,report preparation and analysis. •URAR:Conditions of Appraisal Report is made"as is"with no required repairs or planned improvements to the subject.The report date is retroactive in order to establish value within Weld County sales window of 1/1/2013 through 6/30/2014. Form TADD-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE i Subject Photo Page Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank Subject Front s(wY . 19013 County Road 15 Sales Price • r Gross Living Area 3,418 t Total Rooms 10 z + ` Total Bedrooms 4 3��< Total Bathrooms 2. 1 Location N;Res; v ,.. View B, Mtn, Site 14.5 ac Quality Q3 Age 12 • • } Subject Rear • �. •••,RRk• • •¢ • }' .2 + P&$ '• mod S .. • • • rk • z 1I 8x31 k• : t .. ... • Subject Street • • • Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE r • Interior Photos Borrower N/A _ Property Address 19013 County Road 15 _ City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank • n , • & i . Y I 5` • } i i' b 3(7( ≥5 . p ._ :•s. c I b � . 1 . 4. rw ,res ail Ste".a. r. .. ,4 f. r . • r Living Room Master Bedroom .. • 16t., I. -: wn ill 0' s • ^sra9F':: Master Bathroom Dining Room i 3 • �! N ".‘....::':. I.'''... . Illailr ref h . . , . „ .:7-. . . 1 ; .4 ; � • `• a Eat-in Kitchen Kitchen Form PICINT6 - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE r______ �- 1 Photos Interior Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank l :: . w H. • •••, •pp • •t tE. �" If • £: iAig: • • tr....:. )iB^ • • °: • .. 5: • • • • • •I'.'•-lx:' .. .. • ..,dE • • • • • • amiss • • • • 'j�4s • • • • • • • • Laundry • 3-car Garage Room Liw#r o V'^4,. h # < Frs} f rya o- ty 4t '3,£ , • 'w•R' xv F` $o-yw"° � <b• �� [ '° 5 ) #S' �,�i,1t < r � .. • W SSA it 4 i ₹ � (r s �f. ....z > < ,> f , F f`5�(» o-< • • a w S, nutE '.'•:;..7:::.:•T s5 s P z ' 'E ' y, E+h [ ? 1Y '< ": fc: F �E s < T_ .t3s�n#�t o-d < y.�f(5 �' ts>E �;'s"s 'Ch ' < < < •5, aY >.; E sxNF-r, b y_ rn' .. • y>�ik �r u4 i r R < vu 4 '°" & r < w7 ?sF� t Yl> • .. < } tt ik6ylr.. • �s »t, ; rs �b N4 e'h.>Y 3 {fi E> x ,� r ro yi > •• i 'Si <3..Jo- +�4.okt .< Ss - So- s • �9 MCi o } TI 1'� • • •Tit M Y,' fE�r.. xa +f .l a9 < `k,E tEp £ . ." • [ x #<Ct >fi' .(o- ) p ?4 ff F' S f�Af • -+a:.•.�: r; €�i l E� 10-" 5fE,h. • ': 2: • f.'•6 ••• • • • rri • J g • >5. v a a' x7¢H • .. .:. .. m+ �, rws .)k➢y' I,.-P'''0.�.,.yay.,/1/4 • YYst • Y :'. � ,.e • 3 � 'R } �`. 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' o- s i I rt 7, ( u.+:: a w K _.: . rz•s • .. o» odw$A u<lag ,.. •+!•: • . ....... .° -l',>•View from Deck Half Bathroom Main Floor ..,.....................:....:•::> < ( • is W4 . • ti, t . .. . • • • • • • • • • • • • • • • • II • • • • • • • A �i A p f t ! s{, E gyp.., ,, ;aNiw :i Sr 1 Full Bathroom Basement Bedroom - Basement i Form PICINT6 - "TOTAL" appraisal software by a la mode, inc. 1 -800-ALAMODE r Interior Photos Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank itipah-4-4 t • YA .I . ,,. 7 • O» es Itt >a :c t E Additional Office/Storage Family Room e • : Jack & Jill Bathroom - Upper Level Bedroom 1 •n w Bedroom 2 Study/Office Form PICINT6 - "TOTAL" appraisal software by a la mode. inc. - 1 -800-ALAMODE issimille Interior Photos Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank i'C,: ; eipPw '...7:•,...:".:: • ii . • • 3 tt t " 4 . S 3 L a .: i r w ..$) ) ?c . y: S a cxl + • �, ! to t ..may ' 4 Ji ) a 1 < r^ % ,.._i'Pt < • . . a `` :. Y .ice n a Bedroom 3 40x64 Shop Building `t'o.z..v i ,c5:0... ... a p6 . .: ._ ,: .. .. ) { a." „f"h. aro. Ss ::}>. My M 1 ' 40x64 Shop Building Alternative Rear View Form PICINT6 - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE a I Comparable Photo Page Borrower N/A _ Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank . Comparable 1 19943 County Road 15 << =; m Prox. to Subject 0.93 miles NE , �' t. Sale Price 496,600 Gross Living Area 2,509 Total Rooms 7 r _ . ,.. Total Bedrooms 3 Total Bathrooms 1 , 1 s Location N,Res, t c f ;•, t[it••c View B,Mtn, Site 5.34 ac Quality Q3 . : Age 96 I. • 4 • err. r iY [' k 3' : : v tto Comparable 2 .n : v, 19203 County Road 5 Prox. to Subject 4.84 miles W Sale Price 575,000 Gross Living Area 3,369 Total Rooms 11 * , v:;..": ♦. : ..` N,...>< .W< u< ...::,:., .ev .., ..w� 1 qc., [ T rt�.,. ? ,t< Total Bedrooms 4 Total Bathrooms 3. 1 .n u Location N;Res; View B;Mtn ; • Site 34.5 ac Quality Q3 6 Age 13 • -se r 4. * r•rc. Iftli L �J! LR e. KiIRS' A . ✓�.. "'c;' Comparable 3 22748 County Road 3 Prox. to Subject 6.43 miles NW Sale Price 565,000 Gross Living Area 2,240 Total Rooms 10 Total Bedrooms 4 a Total Bathrooms 1 .2 � . Location N ;Res; t , • VS B;Mtn; �• ,..� , Site 7,5 ac 9 � x Quality Q3 < r f '6 • , x}fl t " a'F'y2 ° Y•f f `[ Age 13 < • " )� aC•�4�R. k • ,..,./. e•4:10:•';.[aE-,.,; s...St/.4 S .. v ro • ) a' p : ',..::(4-: : :i`k w[ _' ,: rh :u,wC<f .,:lle«.4.....1..' ° <4...eft(x•' hlOpir:aF S:» . . u a I 4 � 4 . .: r. £� ..a �. .iP r.w.�- a:aN'- w-'. 4 .070`,',1;$%"--`v l�v M < iN`a$x�jz f x<:L:ni'ra 1: ;. I Y,77r ;.`'s'........V:',..,. ,/ .f,k'. t i. ,...:. 'cc'l�tt ":" .'''''''''''-'21".. art 'vx • '� a .w J. � 2 `\;wveh` ' >£, Y,F { : <FR R'x> - w S 'R ...� hr il ydd .Yi. [_ . Form PIC3X5.CR - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE Comparable Photo Page Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank Comparable 4 4480 Getaway Dr Prox. to Subject 12.49 miles W Sale Price 675,000 Gross Living Area 3,478 Total Rooms 10 Total Bedrooms 4 Total Bathrooms 4.0 Location N;Res;MoreRural g View B;Mtn , • -> Site 35.5 ac Quality Q3 a 44- Sit 'r Age 17 Comparable 5 Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Comparable 6 Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Form PIC3X5.CR - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE 4 • Rentals Map Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank vtt4SC0r ' Sa St E 7t`ti St ; 1 9 ;-F. a ff mar • , :1. '.�Ite 4-Amino • DecoAvt,sup 71744 > 1 24L € a ' . _a : 29th t St tw • ' • Vet` € ${ • ittaKiWkil Uv 33 1' , z. ,,, 9 g Zs-) srS t.a 1: . LoNeland 2a S 1,..4. St $ 9t W , I COUtity.Roiti S4 21, COMPARABLE No. 3 O. 1 t1 . 22748 County Rd 3 1/41 54 • 6.43 miles NW W Catiliti4tMet4 14 4447,11t4' , B �s Ewe thnstc . 13,0a %. " " COMPARABLE No. 4 weity i 4480 Getaway Dr f COMPARABLE No. 1 • X2.49 miles i 19943 County Rd 15 ,, ,� 0 . miles NE 10 t � $6 b e; k i _a t,,f 2'rt, t 8ut 'an Berthoud t i tes SUBJECT • v'Ye. , e<*asd < 19013 County Road 15 i Watkei ► Sid COMPARABLE No. 2 • 10203 County Rd I 4.84 miles Vi I tai y li sai ngftn#i ... 1:7;4.4 .i .*. 1Coulti? t 1 - -. :. liffiliUg AVE Coup` Ftood 34 j _ f 8 4. ta.. kt4 : i ekibi4t1AWili• IV 4 rn erete Aitelato,,titi 91 ei Yi SygicIte nit Data e E it Al . ; : f ' E le. M ''. Loy moat . .. . _ .:,: _e_ :, .. . , .. L:nt m'rta nt . . 119 .. _'.= 1n11es F<' f -_- • ��.... e0 Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE r • Plat Map Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank • 11. • • • Y �.• .. � .. e. • S, • Form MAP.PLAT - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE A r Building Sketch Borrower N/A Property Address 19013 County Road 15 City Johnstown County Weld State CO Zip Code 80534 Lender/Client Home State Bank NOTE: We verified Weld County Record's sketch measurements to be true and accurate and apply them in the report. Sketch tS ft 7 0' E= i _r wur, Vii °- , t i _, $' fr- IN I 11 tit D 1 /B FLMMSHED ,K F ,t,7 I C $ e , i- • 7---- 1 U I P • ., GGG c a 2140S f p �IILL.aIR .7M�'. - _ , ....'ti I, ` F ; i nt ] tr, tor i3O' 1 ' 0& i. 'asp,, OP a p ..*"tea=u.,w rya.444 .44.04 .....44. .,.X" 4 •:t ... t.• 12 og 213 c Q `P. Msoltrisw Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE A 0 Appraiser Qualifications Qualifications oof Kvier W . Knudsen, MAI Po, boat tiaisfai Oft ritiomit ass, In ISItsusesoky:. tionsmungtant in Real Engle-Fagan-pm, :Nate tjarectuw. ON& A "u t Appoint Ntiproalittitotitutithair . po: : . dust. A . - .A jps .s ue• '" New Apptool , ,aaai* 4alilatikat :f�'..,� Ittitittnt $' 'SPAT" ypdate Appotstiastisat4 Anti Appons1 Pals Appinasal Inas, .o iippossellistitue itaittgatitttittoMulcts t Stamm al Instants The FHA awl the Arlanyal Motets d M � a thew _,.. �.. of < 'gal iustitpte _. Appal:4 Pi.)447 Cialkagai A1OPPOntinitot , p �� t ` " ,. • T * . AppcsitaiI aTrot rt &: A•u ti. 'tom Aponiskom Datmsed.Qatuattral Rib Hewe Go aiotia .,, x Wit. \ (Ste 14 Niter 19 99) Ciottified 1 Real Eat. Aernattot Oaks& bettard snot in 1999 1.5 Ems, .:' 1 1 o T of Properties Approot4* /Reviewed: : ' c � .: : fine. prootitiotrictiwasebonsee, 9tivol ctaginsugaglits. itittibrusi razehoutt, fie: , sirs otaniletrial iatIk its West subdirsisina tlekilavintsu iwait oar fia . , Work ' cc: Ctiturnottial Real Fatale ApprStzr D Nose . 1 -. Presitus .jai Porter .tra1h import,- ratuattott, cotrodung. iy saspertion *ad apatteseisl rotattty, 1.`. .A E- A,1 s ti: r . .. .n ,..c.., Fort sota lout aPPROIONtreINla *At i 44ott-ALMADDE Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE �� - - ! - q Appraiser Qualifications Cont. statApprAistt Home star tinit. icavihisa $913- - 2010 StprraniWier). Ittttendings t :ui pars pull* Coto; data ; the mutat to e .eoanamy. itnerpttr. (peal mrdaticat, awl t nil and prom for die Nut Palo= ta"opeeetitats au otatistrootaattitaans Profession!. even Scott * :Home State 955 Cievatild Acetate' Levelattit, CO8053 n ; Ottliattie1 ckn Bank. [475 K. DrumAverior :f. r art , 8053$ 9743413R: 1982 rl 37H John 1Ciwordst Parkusty r.1),- 3::6,44$85 Colo ratio Appraisal License (excerpt from Ca Department of Regulator).- Agencies webs t CSIOreld0 Division of Real Estate . . i L.� mare at..t„. •• : y. .✓. < \ t ! > > y .��s r� bAi6 � � � ${Y�. \.a,d: ,.w d�`;a�v2 �-�s£ a�:t� � m 'ko- l B0 K. sy Jr o.F" i $> \w vi t`i"'YS.>#Y° w: flint Stottit *Via 4 m* ' Last Nom* Pftorto Sto.ramtt ) 469, .. ZOOM cn t4,114,Ent4 LAO Chomped 0$44409014 %Veit to Pt ' tint LOVISAM) Stott. P Canty tAtttl Pe Cetattn FOOT, saa. !^�. ,fit r' • > « r ' ii�ijF`.' it+.: - 140044AMODI U Form SCNLGL - "TOTAL" appraisal software by a is mode, inc. - 1 -800-ALAMODE Market Conditions Addendum to the Appraisal Report File No. 15-07-004 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 19. 013 County Road 15 City Johnstown State CO ZIP Code 80534 Borrower N/A 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 # of Comparable Sales (Settled) 5 1 1 ❑ Increasing Declining Stable Absorption Rate (Total Sales/Months) .83 .33 .33 IT Increasing I—I Stable X Declining Total # of Comparable Active Listings 2 0 2 Declining }{ Stable Increasing Months of Housing Supply (Total Listings/Ab.Rate) 2.4 0 6.1 Declining Stable X{ Increasing Median Sale & List Price, DOM, Sale/List °/° Prior 7-12 Months Prior 4-6 Months Current- 3 Months Overall Trend Median Comparable Sale Price 420,000 496,800 519,000 X Increasing Stable ❑ Declining Median Comparable Sales Days on Market 134 31 195 ❑ Declining ❑ Stable ® Increasing u) Median Comparable List Price 675,000 0 634,450 ^1 Increasing X Stable -7 Declining Median Comparable Listings Days on Market Declining Stable L Increasing Median Sale Price as % of List Price _ 96.64 99.38 _ 100 Increasing X Stable Declining Seller-(developer, builder, etc.)paid financial assistance prevalent? Yes ® No PDeclining ❑ Stable Increasing ,e r 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 afees, options, etc.). The subject neighborhood does not demonstrate use of seller buy downs, discount points or the seller contributions in tat excess of 3%. y H W _ � Y 2 Are foreclosure sales (REO sales) a factor in the market? L] Yes X No If yes, explain (including the trends in listings and sales of foreclosed properties). Cite data sources for above information. Regional MLS service and county records. 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. No pending sales, expired sales or withdrawn listings were used in formulating market conditions. Sale/list ratio indicates a stable market with a good balance of supply and demand. The absorption rate is declining along with the number of comparable sales. The number of active listings has remained stable and the median comparable sales price is increasing. The median comparable sales days on market is increasing. The Median Comparable List price has remained stable. *A median DOM cannot be calculated for active listings within a date range. 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 # of Comparable Sales (Settled) L Increasing Stable [ , Declining Absorption Rate (Total Sales/Months) in Increasing I—' Stable In Declining Total # of Active Comparable Listings ! Declining Stable . Increasing Months of Una Supply (Total Listings/Ab.Rate) _ _ i Declining Stable -1 Increasing Are foreclosure sales (REO sales) a factor in the project? Yes No If yes, indicate the number of REO listings and explain the trends in listings and sales of foreclosed properties. W O a a- O O O O vSummarize the above trends and address the impact on the subject unit and project. a s ki ' s .' } t !1 A•. f ': f Signature Signature F to / i s I. -«a "� ` 1L S' nature Appraiser Name Kylet W. Knudsen, MAI Supervisory Appraiser Name _ u) Company Name DRM Real Estate Advisors, LLC Company Name w Company Address P.O. Box 329, Loveland, CO 80538 _ Company Address a- State License/Certifiication # CG40015863 State CO State License/Certification # State Email Address kyler@drmrealestate.com Email Address Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009 Form 1004MC2 - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE ► i File No. 15-07-004 UNIFORM APPRAISAL DATASET ( UAD) DEFINITIONS ADDENDUM (Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements) Condition Ratings and Definitions C1 The improvements have been recently constructed and have not been previously occupied. The entire structure and all components are new and the dwelling features no physical depreciation. Note: Newly constructed improvements that feature recycled or previously used materials and/or components can be considered new dwellings provided that the dwelling is placed on a 100 percent new foundation and the recycled materials and the recycled components have been rehabilitated/remanufactured into like-new condition. Improvements that have not been previously occupied are not considered "new" if they have any significant physical depreciation (that is, newly constructed dwellings that have been vacant for an extended period of time without adequate maintenance or upkeep) . C2 The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components are new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replaced with components that meet current standards. Dwellings in this category are either almost new or have been recently 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. 02 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 residence 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. UAD Version 9/2011 (Updated 1/2014) Form UADDEFINE1A - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE 4. 0 j UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements) Quality Ratings and Definitions (continued) Q3 Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above-standard residential tract developments or on an individual property owner's site. The design includes significant exterior ornamentation and interiors that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been upgraded from "stock" standards. Q4 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. Q5 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. O6 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 non-existent. 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 and/or 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 Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not included in the bathroom count. The number of full and half baths is reported by separating the two values using a period, where the full bath count is represented to the left of the period and the half bath count is represented to the right of the period. Example: 3.2 indicates three full baths and two half baths. UAD Version 9/2011 (Updated 1/2014) Form UADDEFINE1A - "TOTAL" appraisal software by a is mode, inc. - 1 -800-ALAMODE ,I • • UNIFORM APPRAISAL DATASET ( UAD) DEFINITIONS ADDENDUM (Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements) Abbreviations Used in Data Standardization Text Abbreviation Full Name Fields Where This Abbreviation May Appear A Adverse Location & View ac Acres Area, Site AdjPrk Adjacent to Park Location AdjPwr Adjacent to Power Lines Location ArmLth Arms Length Sale Sale or Financing Concessions AT Attached Structure Design (Style) B Beneficial Location & View ba Bathroom(s) Basement & Finished Rooms Below Grade br Bedroom Basement & Finished Rooms Below Grade BsyRd Busy Road Location c Contracted Date Date of Sale/Time Cash Cash Sale or Financing Concessions Comm Commercial Influence Location Cony Conventional Sale or Financing Concessions cp Carport Garage/Carport CrtOrd Court Ordered Sale Sale or Financing Concessions CtySky City View Skyline View View CtyStr City Street View View cv Covered Garage/Carport DOM _ Days On Market Data Sources DT Detached Structure Design (Style) dw Driveway Garage/Carport e Expiration Date Date of Sale/Time Estate Estate Sale Sale or Financing Concessions FHA Federal Housing Authority Sale or Financing Concessions g Garage Garage/Carport ga Attached Garage Garage/Carport gbi Built-in Garage Garage/Carport gd Detached Garage Garage/Carport GlfCse Golf Course Location Glfvw Golf Course View View GR Garden Design (Style) HR High Rise Design (Style) in Interior Only Stairs Basement & Finished Rooms Below Grade Ind Industrial Location & View Listing Listing Sale or Financing Concessions Lndfl Landfill Location LtdSght Limited Sight View MR Mid-rise Design (Style) Mtn Mountain View View N Neutral Location & View NonArm Non-Arms Length Sale Sale or Financing Concessions o Other Basement & Finished Rooms Below Grade 0 Other Design (Style) op Open Garage/Carport Prk Park View View Pstrl Pastoral View View PwrLn Power Lines View PubTrn _ Public Transportation Location Relo Relocation Sale _ Sale or Financing Concessions REO REO Sale Sale or Financing Concessions Res Residential Location & View RH USDA - Rural Housing Sale or Financing Concessions rr Recreational (Rec) Room Basement & Finished Rooms Below Grade RT Row or Townhouse Design (Style) s Settlement Date Date of Sale/Time SD Semi-detached Structure Design (Style) Short Short Sale Sale or Financing Concessions sf Square Feet Area, Site, Basement sqm Square Meters Area, Site Unk Unknown Date of Sale/Time VA Veterans Administration Sale or Financing Concessions _ w Withdrawn Date Date of Sale/Time wo Walk Out Basement Basement & Finished Rooms Below Grade Woods Woods View View Wtr Water View View WtrFr Water Frontage Location wu Walk Up Basement Basement & Finished Rooms Below Grade UAD Version 9/2011 (Updated 1/2014) Form UADDEFINE1A - "TOTAL" appraisal software by a la mode, inc. - 1 -800-ALAMODE • ISM IN • El MI 1 MN W O s, � T , CC) le CI) J LCD 0 C . LU c= CO CL LL - . .r o 2 oo � U _ _ a_ to LL A. O • N '- co 00 Li) C w X O m O• m m 00 >- a, 4-0O 4-0 U O aj • -O o a� CU Ln a) S Ss- a) U CD . OL CO -0 00 c6 CC L O O 3 U O C M can co O C • los CLERK TO THE BOARD \ 1861 , -� PHONE ( 970 ) 336 -7215 , EXT 4226 FAX ( 970 ) 352 - 0242 ' �r•. � W www . co . weld . co . us ww . co . weld . co . us � � '� 1150 O STREET P . O . BOX 758 1/11---7-- GREELEY CO 80632 GO1J N T Y--t. July 27 , 2015 BRICHACEK JAY D 19013 COUNTY ROAD 15 JOHNSTOWN , CO 805349219 Account No . : R2226903 Dear Petitioner( s ) : The Weld County Board of Equalization has set a date of July 31 , 2015 .. at or about the hour of 1 : 50 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 BRICHACEK JAY D - R2226903 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 .0dtfitAi $wC • IA Esther E . Gesick Clerk to the Board Weld County Board of County Commissioners cc : Christopher Woodruff, Assessor AS0091 Hello