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HomeMy WebLinkAboutbocc.res.044.2018FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Section 111 Section IV must be completed) Every petition for abatement or refund filed pursuant to § 39-10-114, C.R.S. shall be acted upon pursuant to the provisions of this section by the Board of County Commissioners or the Assessor, as appropriate, within six months of the date of filing such petition, § 39-1-113(1.7), C.R.S. Section III: Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to $10,000) The Commissioners of County authorize the Assessor by Resolution No. to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of $10,000 or less per tract, parcel, or lot of land or per schedule of personal property, in accordance with § 39-1-113(1.5), C.R.S. The Assessor and Petitioner mutually agree to the values and tax abatement/refund of: Actual Tax Year Assessed Tax Original Corrected Abate/Refund Note: The total tax amount does not include accrued interest, penalties, and fees associated with late and/or delinquent tax payments, if applicable. Please contact the County Treasurer for full payment information. Petitioner's Signature Date Assessor's or Deputy Assessor's Signature Date Section IV: Decision of the County Commissioners (Must be completed if Section Ili does not apply) 40 0 H N , Loki) WHEREAS, the County Commissioners of Ft ne-1 Iti! County, State of Colorado, at a duly and lawfully called regular meeting held on 06 / Z7 / Zola , at which meeting there were present the following members: Month Day Year �i4-rT I C-I; iq P PCP-, £ rC I t to l (1ok.b s , sr-el/9-cot c iJ, R 6 A,6) N with notice of such meeting and an opportunity to be present having been given to the Petitioner and the Assessor of said County and Assessor L;>4-R¢�(-eing presen not present) and Name PetitionerCl+RtSTOP1 2_ 41r PlM CL.A j 614.1 ay (being present- not presen , and WHEREAS, the said Name County Commissioners have carefully considered the within .etition, and are fully advised in relation thereto, NOW BE IT RESOLVED that the Board and that the petition be (approved- zn t') Ll t° o l ck-ts , oD Year Assessed Value Taxes Abate/Refund Iftf.)Gir6 3tg S with the recommendation of the Assessor, en ed) with an abatement/refund as follows: • X i Chairperson of the Board of Cou Commissioners' Signature County Clerk and Ex-Officio Clerk of the Board of County Commissioners in and for the aforementioned county, do hereby certify that the above and foregoing order is truly copied from the record of the proceedings of the Board of County Commis IN WITNESS WHEREOF, I have hereunto set my ha this Zg day of L> Ilv LO Month Note: Abatements greater than $10,000 per schedule, per year, mu of said Count Clerk's or Deputy Cgtjnty Clerk's Signature e to the Property Tax'Administrator for review. Section V: Action of the Property Tax Administrator (For all abatements greater than $10,000) The action of the Board of County Commissioners, relative to this petition, is hereby ❑ Approved ❑ Approved in part $ ❑ Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature Date 15-DPT-AR No. 920-66/11 TAX YEAR: , d f 1 - Property Address: �� d(/e-C /c'- 'L � � - " ' 4 r Cc) b r CH Legal Description: ' 3l61l} c c 'r&L 1251-es Id 2. (P Hearing Date: ,/L(' / Hearing Time: I : (Va�� Assessor's Representative: iIItt& - (f r `,\'_ Assessor's Valuation: + 3j 4'�ie(o- . Owner(s) Requested Value: 41 3/6674 Cfey-0 Owner(s) Justification for Appeal: HEARING OFFICER DETERMINATION PITKIN COUNTY ABATEMENT HEARING Schedule No. re $ 2 2 Property Owner's Name: y jj VALUATION DATA COLLECTION PERIOD: 7-1 . Z4%k1' io• 3O,7& Assessor's Justification for Valuation: 'I rie-Ga C S 225 . Classification Code: MI12 /Ill 2 Land: TO BE FILLED OUT BY HEARING OFFICER: Petitioner Present: yes X no Improvements: Total: Si 67--P, Denby Sch # R5224 55 Overlook Dr., Aspen 81611 The petitioner made a good argument concerning deferred maintenance to the subject property. The assessor had a good explanation as to the differing values of properties located within Black Birch Estates. After considering comparable sales and time adjusted data, my opinion is that the value for 2017 tax year is $3,500,000. If more room is needed continue on back page Property Owner Present: Yes X No Determination: No Change Stipulation The following Change: Present Value: 3 ► �' . 1 4 D Adjusted Value: 3, S`pU c obo -- Classification Code: Land: Improvements: Total: + Soo, Opp Hearing Officer: JACK Russ eJ?_ Hearing Office Signature rs s32� • ,v othIN CO N ASSESSOR'S OFFICE May 22, 2018 Mills Ford AV Pros, LLC 3199 South Pearl Street Englewood, CO 80113 Re: Sch# R005224, 55 Overlook Dr. Aspen, CO 81611 Subdivision: BLACK BIRCHES ESTATES Lot: 2 Dear Mr. Ford, 506 E. Main Street, Suite 202 Aspen, Colorado 81611-2903 phone (970) 920-5160 fax (970) 920-5174 The Board of County Commissioners will consider your petition for abatement of taxes on the above listed property at a hearing scheduled for June 14, 2018 at 9:00 A.M. The meeting will take place in the County Courthouse meeting room located at 506 East Main Street, Aspen, Colorado. There are several taxpayers being scheduled for hearings at this time. We are attempting to allot 30 minutes hearing time for each abatement petition. While we can't guarantee exactly when your hearing will commence, a list is enclosed to show the order in which the abatements will be heard. The Pitkin County Assessor is recommending a partial approval of your abatement request. Enclosed for your information is the material that is being included in the commissioners' packets for this hearing. Please call me at 920- 5160 if you have any procedural questions. Since the Assessor is recommending denial of your petition, you may want to appear to state your case. If you can't be here in person, you may request to present your case by conference call. The Board may not concur with the recommendation made by the Assessor. C,grdially, L F Chief Ap raiser Pitkin County Assessor office Hearing Order: Sch# 5224, Christopher and Pamela Denby Sch# 10063, Phillip Kendall Sch# 16768, Mickey T. Dunn Sch# 19728, Mountain Song Sch# 2270, Mark and Arlene Baratz Sch# 12768, Helen Louise Mead PETITION FOR ABATEMENT OR REFUND OF TAXES County: Pitkin Date Received (Use Assessor' mmissioner's Date Stamp) tcEIVED Section I: Petitioner, please complete Section I only. Date: April 3, 2018 Month Day Year Petitioner's Name: Christopher B and Pamela E Denby Petitioner's Mailing Address: 4861 Indian Ln NW APR 1 1 2018 • PITKIN COuN l Y ASSESSOR City or Town State Zip Code "*****r PLEASE CONDUCT ALL CORRESPONDEN(t 'THROUGH PETITIONER'S AGENT******* SCHEDULE OR PARCEL NUMBER PROPERTY ADDRESS R005224 55 Overlook Dr Aspen, CO 81611-1008 Petitioner requests an abatement or refund of the appropriate taxes and states that the taxes assessed against the above property for the property tax years 2017 is incorrect for the following reasons: (Briefly describe why the taxes have been levied erroneously or illegally, whether due to erroneous valuation, irregularity in levying, clerical error, or overvaluation. Attach additional sheets if necessary.) Petitioner does not agree with the County Assessor's valuation for 2017 tax assessment purposes of the subject property described above. Please see attached appraisal report and other supporting data for details. Thank for your attention to this. Petitioner's estimate of value: $3,050,000 (2017 ) Value Year(s) I declare, under penalty of perjury in the second degree, that this petition, together with any accompanying exhibits or statements, has been prepared or examined by me, and to the best of my knowledge, information, and belief, is true, correct, and complete. Petitioner's Signature , Agent Agent's Signature* Daytime Phone Number ( Daytime Phone Number (303) 757.2570 / fordiditaatt.net c/o AVPros, LLC, 3199 S Pearl St, Englewood, CO 80113 *Letter of Agency must be attached when petition is submitted by an agent. If the Board of County Commissioners, pursuant to § 39-10-114(1), C.R.S., or the Property Tax Administrator, pursuant to § 39-2-116, C.R.S., denies the petition for refund or abatement of taxes in whole or in part, the Petitioner may appeal to the Board of Assessment Appeals pursuant to the provisions of § 39-2-125, C.R.S., within thirty days of the entry of any such decision, § 39-10-114.5(1), C.R.S. Section II : Assessor's Recommendation (For Assessor's Use Only) Tax Year Actual Assessed Original Corrected Abate/Refund Tax ❑ Assessor recommends approval as outlined above. If the request for abatement is based upon the grounds of overvaluation, no abatement or refund of taxes shall be made if an objection or protest to such valuation has been filed and a Notice of Determination has been mailed to the taxpayer, § 39-10-114(1)(a)(1)(D), C.R.S. Tax year: Protest? LI No ❑ Yes (if a protest was filed, please attach a copy of the NOD.) ❑ Assessor recommends denial for the following reason(s): Assessor's or Deputy Assessor's Signature 15-DPT-AR No. 920-66/11 February 20, 2018 Mills Ford AVPros, LLC 3199 South Pearl Street Englewood, Colorado 80113 RE: Filing a protest and/or appeal with regard to the 2017 and 2018 assessed value with the County Assessor in the county where my property is located for my property known as: 5S Overlook Dr, Aspen, CO 81611-1008, legally titled in the name of Christopher B and Pamela E Denby with Parcel Identification Number: PIN: R005224. Dear Mr. Ford, Uwe hereby appoint AVPros, LLC to act as my/our agent to present appraisal data and make arguments to the County Assessor's office in the county where my property is located in an effort to reduce the 2017 and 2018 valuation for assessment purposes on my property described above, and further, if necessary, to act on my/our behalf with regard to continuing the protest/appeal process to the second round venue, the County Board of Equalization. Thanks for your efforts in this matter. Yours truly, By A-- O<.$ Name: C pew. * a e. h y (Print) (NOTE If Oi . an LL4 corporation, nr other entity, then REPLACE the Owner's signetswe Nock above with theibllewfostskesature btock] Entityfisme By: Date Name: 1 Title: /VPROS THE ASSESSED VALUE PROTEST PROS April 3, 2018 Pitkin County Board of Equalization Pitkin County Administration Offices 123 Emma Road, Suite 106, Basalt, Colorado 81621 APPRAISER 3199 South Pearl Street Englewood, CO 80113 mills@avprotestpros.com 303.626-7600/ 303.757.2570 RE: 2017 assessment value property appeal for property whose address is 55 Overlook Dr., Aspen, CO 81611-1008, and PIN is R005224. Board of Equalization, I looked at numerous residential sales in the west Aspen area near Cemetery Lane where the subject is located in an effort to find comparable sale data, which was reduced to the 5 comparable sales used. The Subject's 3,046 above grade improved square feet is in the middle in size of the comparable sales I used which were in the range of 2,001 to 5,068 square feet. All but of the sales used have similar basement and finished basement situations when compared to the subject's fully finished 1,980 square foot basement. The subject's .371 acre lot size was pretty similar to the five sales used, ranging from 0.138 to .814 acres. In terms of year of construction, the sales ranged between 1972 and 1999 with the subject having been built in 1983. The effective ages of the sales used range from 1995 to 2006, with the subject's effective age being tied for the oldest with Sales 1 and 3. There are, however, negative conditions present in the subject property as of January 1, 2017, which I considered when making adjustments in the sales comparison grid. The subject property was a recent sale in the marketplace selling early in the last base period on September 19, 2012. A synopsis of the transaction goes as follows: The original listing price was $2,995,000 which was still the same at the time it went under contract and closed for a price of $2,700,000 after having been a total of 441 days on the market. At the same time, the 2015 assessed value was originally $3,827,500 which was reduced to $2,885,600 as a result of my abatement/refund petition. I believe the reason that the stipulated 2015- 16 assessment value was the result of the subject having sold for $2,700,100 during said prior base sale period. As of January 1, 2017 the owner maintains that she has done no more to the property than cosmetic stuff, such as painting and decorating to the property, since closing on it. The owner maintains there is substantial deferred maintenance in the house, pointing out that the windows are original (1983) and many of the frames are deteriorated with broken window seals. Moreover, the house needs a new boiler and the deck and back door are rotted out. As an external factor the owner maintains that access in winter is difficult. With regard to how the property appears in the public records, the owner believes there is an error. He claims there is no enclosed porch and the front porch appears to be counted twice. In analyzing the subject's sale it's apparent to me that there is some sort of market resistance inherent in the property that causes it to under -perform as it recently did in the market. In my opinion, the current base sale period which began a little over 21 months after subject's sale date is not that different from the one it sold in on September 19, 2012. If anything my TASP analysis shows a slower appreciating market in the current base sale period than the previous bases sale period. Therefore, it is my belief that the subject's design -location -condition issues as they exist would cause market sale resistance in the approximate amount of $200,000, an amount similar to that measured in the last sale. In my opinion, the painting and redecorating by the current owners does not, by itself, address the systemic negative market factors that make up the subject property that caused it take nearly 15 months to sell, and at a price $295,000 less than its list price, and $1,127,500 less than its original 2015 assessed value. Thus, in my sales comparison grid I made a negative $200,000 adjustment to the five sales used based on my objective market analysis of the subject property. In selecting the comparable sales used, I felt it was most important to find sales in the subject's immediate area in as close proximity to the subject as possible that have similar age, utility, size, lot size, and garage situation. The sales used are all within a reasonable distance of the subject. In making my adjustment for time, I used an annual +1.80 percent TASP factor that I derived from linear regression analysis of base period sales in Pitkin City. A copy of the TASP study is included in this report. In the attached Sales Comparison Grid, I looked at 22 sales, other than the subject property, in the West Aspen area focusing on attached residential properties located in and around Cemetery Lane with similar square footage, age, utility, lot sizes, basement size, basement finish, and garage situation. A substantial adjustment was made reflecting existing negative condition issues which are explained above. The indicated value range for the subject is $2,804,895 to $3,648,677. Sales 1 and 3 are considered the best sales because of small net adjustment and the fact their indicated values bracketed the subject's indicated value. Sales 4 and 5 are the next best because of small net adjustments and the fact they bracketed the subject's indicated value. Sale 2 is helpful in determining the indicated value for the subject. An annual TASP adjustment of +1.80% was used based on linear regression analysis of properties in the subject's area and price range. The TASP analysis may be seen elsewhere in the report. From my review and analysis of the subject, I estimate the value of the subject property for tax assessment purposes, as of June 30, 2016 to be $3,050,000. Additional comments and illustrative material regarding my appraisal are contained in the attached appraisal material. Thank you for your consideration. Respectfully submitted, Mills H. Ford Certified General Appraiser Lic.# CG01316568 �r`:i2 1 i 1 dv F rty SUBJECT Aerial Photo of the Subject and Area Location Map IY,,,7,SSIC:111 Parcel Lot Detail and Location dreyerty Map 25 yards 4 binri C MSS Microsoft Corporation 227,8 HERE or" Sawnft* Rong, +70 em. • 20^S s Red Butte 200 yard Cemet,''Y • • Prop. Owner SCH./PIN # Sub Area Street No. Street Uir Street Name Street I ype City Condition Prop I ype Coning Lot Size (AC.) Lot Value House Style Construction Quality Grade Overall Bsmt.Walkout I ot. SF MLS I ot. Fin.SF Sq Ft As Bsmt Size Bsmt Fin MLS:- Bsmt Size As Bsmt Fin As Effective Age c„y, YUC Bdrm # MLS Bdrms As Bath # MLS Baths As Fireplace # Car Storage Garage Garge Size Ext.Amenities AV 'lb AV Land it AV '17 Sold Date Solid Price Sold Fin Sold Loan Sold Loan Int Seller uata Source Broker Agent Seller I ype I ime Adjust I ime Adj. Adj.Sales CDOM Liv. Area Adj. Net Adjust Indic $ p/SF Indic Val Sub. X SUBJECT CNBWt,. 0a224 ;. Btackrches E Adi. 2,804,895 3,047,241 3,648,677 2,820,472 SALE 1 #1 ADJ. SALE 2 #2 ADJ. SALE 3 #3 ADJ. SALE 4 #4 ADJ. - 412- - R005402" R004895 R008529 West Meadow West Aspen City & Townsit 1325 , 1345 72$ ._ -$200,000 -200,000 OWN TYPE UNKNOWN 3 0.343 2,4004000 -300,000 1 75% 12% Good 400 400 109,273 $85 88,315 $150 155,850 $1 1987 5 $9,500 1 19,000 e Attached Garage A $52 f360 -7,176 $3,242,000 $2,400,000 .;... $3,342,500 $2,850,000 ddsfds 000/ „ ADJUSTABLE 1.80% 0.1500% $0.60 2,939,633 156.33 -134,738 1,195.10 2,804,895 glens Vista ADJUSTABLE N e -200,000 -225,000 -1,414,113 53,975 95,250 -337,315 -10,556 $5,075,500 699.36 -2,028,259 601.27 3,047,241 $44 7, `00. tI30715 $3,70 i,000 AOJUSTABU 3,245,826 SALE 5 #5 ADJ. -200,000 -200,000 -200,000 N TYPE UNKNOWN -150,000 $2,9(N3s110t} -675,000 -975,000 -11,542 2,001 -85,389 76,160 134,400 15,555 27,450 -59,396 19,000 19,000 e At�pe 1,664 -2,600 23,885 42,150 -67,800 $3,778,995 �.,� $3,780,853 $4,456,760 769.49 -81.71 "" -45.97 -130,318-960380,. -1,210,934 1,191.99 1,409.53 1,378.86 3,648,677 ;., " 2,820,472 �„_ 3,245,826 REMARKS: I looked at 22 sales, other than the subject property, in the West Aspen area focusing on attached MEAN $3,113,422 residential properties located in and around Cemetery Lane with similar square footage, age, utility, lot sizes, MEDIAN $3,047,241 basement size, basement finish, and garage situation. A substantial adjustment was made reflecting existing 613012016 $3,050,000 negative condition issues which are explained in the accompanying letter. The indicated value range for the subject $ p!SF $1,001.31 is $2,804,895 to $3,648,677. Sales 1 and 3 are considered the best sales because of small net adjustment and the fact their indicated values bracketed the subject's indicated value. Sales 4 and 5 are the next best because of small net adjustments and the fact they bracketed the subject's indicated value. Sale 2 is helpful in determining the indicated value for the subject. An annual TASP adjustment of +1.80% was used based on linear regression analysis of properties in the subject's area and price range. The TASP analysis may be seen elsewhere in the report. SUBJECT AND SALE PROPERTIES SU i8J ECT 55 Overlook Dr Above Gr SF 3,046 Basement SF 1,980 Fin Bsmnt SF 1,980 Lot Size Ac 0.371 Sale Price Sale Date SAILE 1 1325 Mountain View Dr Above Gr SF 2,347 Basement SF 941 Fin Bsmnt SF 941 Lot Size Ac 0.343 Sale Price 52,850,000 Sale Date 10/10/14 SAFE 2 1345 Sierra Vista Dr Above Gr SF 5,068 Basement SF 1,345 Fin Bsmnt SF 1,345 Lot Size Ac 0.376 Sale Price 55,000,000 Sale Date 9/2/15 SALE 3 725 W Bleeker St Abave Gr SF 3,061 Basement SF 1,084 Fin Bsmnt SF 1,084 Lot Size Ac 0.138 Sale Price 53,700,000 Sale Date 4/30/15 SAILE 4 1605 Silver King Dr Above Gr SF 2,001 Basement SF 1,797 Fin Bsmnt SF 1,797 Lot Size Ac 0.383 Sale Price 53,650,000 Sale Date 7/14/14 SALE 5 155 Nighthawk Dr Above Gr SF 2,354 Basement SF 1,699 Fin Bsmnt SF 1,699 Lot Size Ac 0.814 Sale Price 54,400,000 Sale Date 10/16/15 TASP STUDY ASPEN / SNOWMASS 2017 ASSESSMENT VALUE BASE SALE PERIOD 7/1/14 to 6/30/16 ♦ AVERAGE ■ MEDIAN Linear (AVERAGE) O LCD m N N 00000CD 0 0 O O O O O O 0 0 o a O O O O O U 0 o O O O 0 CD 0 I� .D Lf1 M r.i .--I i� to to sixd 1- X CW W C7 Q: W 0r I-- CL 0' Gl 0 0 0 0 0 0 0 0 0 0 o Ln O Ln o 0 0 0 o Ln 0 0 Ln o O Ln R Ln N O O rNi. O O '- N .-4 0 0 N O M O Ln 0 CO % -I N N 01 Cr 01 M M M r r rn i!} in- in- t/} in- in- i/1- tn. in- Ol O Ol N c1 lD LD Ol R Ol N lD N N M N Ln Ln 0 N N M 01 N O 00 d' N 1� N 00 i11 01 01 rn c-I 0 m <1 0 0 01 N Lr1 O Ln Lr1 Ln Lr Ln i/} t/? ih ti i/} i/} Ln Ln Ln Lc) (.D t.D o O rl r 0 0 ,-1 '-4 0 M M M M m M M M M LD Q1 N M LD Ol N M lD co N O 01 N LD N N df �D��DLn�DLninM�lu, QUARTERLY SALES FOR BASE SALE PERIOD z W 2 0 0 0 0 0 0 01 mn; ih O o W (DoO O rn O Q lD M cc cn o Ln 0 O ri TASP STUDY ASPEN / SNOWMASS 2017 ASSESSMENT VALUE BASE SALE PERIOD 7/1/14 to 6/30/16 MONTH END AVERAGE MONTHLY SALES FOR BASE SALE PERIOD 0 0 0 0 0 0 0- O 00 0 tn- tn- 0 0 o 0 W 0 0 tD M (7 WeZ LC `-i > Ln Q t/) t/? 0 0 ai ADOPT LRA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O O V) O O O O O 0 O O O O O O Ln 0 0 0 O O O O O O O V1 O Ln O O O O O O O O O V) O O N 0 0 0 0 0 0 0 O O O N O N O L) Ln O O O 0 LC) C r` O O M 0 0 0 0 0 0 V) cr)01 V1 c-1 0 c-( V1 01 N 0 Ln 0 0 N 0 0 0) df 0 CO 0 0 0 r` r� r- lD 0 t0 00 tD M Ol 00 tD (T cl CT) V1 01 0 Ql m Ln Ln 00 c-1 cI N M (Ni M McFM N N N M M th t N M Ln M d' c M CV M•- tn- in- try t/) tn- t/) t/) t/? tn- tn- t/) t/) try t/) th try tn. tn- t/} try try t/) trY tn- tn- t/} , -I V1 rn M N 0 Ln r-i Ln Ln 0 °7 M Ln N 00 M - en M Cr) 0 01 M c-I r-- co r� M O Ln Ln r\ cr r- N Ln .- M r\ LD O O (.D V) Ln CO 0 M Ln N 01 0 CO M c-I N 0 0 c-I CO Ln Cr N- O M r� Ln c-1 lD Lo Lo Cr) N 00 Ol N N Ol Lo M Lo to N 01 c-1 Ol 00 N 00 Ln 01 N O to 01 N N O 00 CV Lo V1 c-i O1 0 CO 0 CD 00 01 Ln • M CO ,1 rI CO CO V1 Ln O1 r- N LD 0 0 00 N V1 01 r\ L0 N c-i V1 t0 01 M •7 V1 to lD N N c-1 Cn to M 00 N al N N M c'n d' V1 - 00 M rrLn Ln M V1 LD LD Ln d' cr. V1 in in in- in tr) in in. tn) in try in in in tn) in tn- in in in tn- in in in. in in tn- cr Ct cr cr cr cr cr cr Ln Ln Ln Ln Ln Ln Ln V) V1 V) Ln Ln Lo LD Lo to LD LD - ci ci ,-1 c-I c-1 ,-i ,-1 c-I c-1 ,1 ,-1 <-1 c-1 c-1 c-1 c-1 ci c-i ,-1 c1 c-I c-1 c-I ,-i c-1 O c-I 0 c1 O c\-1 ,\-I 00 0 c\-1 0 c\-i ,\i 0 ▪ c-1 0 c\-1 c\-i a-,c\-1 0 o m M M Cn CO M M M M N M M Cn M M M M M M M rn N M M M M V) t0 ▪ I, 00 01 • 0 ▪ c-1 ▪ N ▪ c-i N ▪ M .1- Ln L0 r` 00 0) ▪ O c-1 N c-1 N ▪ M dr Ln co c-1 c-I c-I c-( c-I c-1 c-I CO rn to M N lD N c-I lD N Ln ci lD V1 N CT) CV CO N N c-1 01 r\ 0) t0l Cr) co 41 c-i N N c-1 N N c-I N CV hi ri c-1 -1 N N 1 c-1 c-1 cc-1 c-1 c-i cr 76 H Appraiser Recommendation for an Abatement Assessor Generated ❑ Taxpayer Generated Q To: Tom Isaac, Pitkin County Assessor From: Dan Popish Date: 5/29/18 Petitioner: Mills Ford (agent for owner) Schedule #: R005224 Parcel #: 273501307014 The appraiser has completed a review of the referenced property, as of this date, and hereby submits a recommendation as stated below: ❑ Deny ❑ Approve as Submitted Q Abatement/Refund Different than requested Abatement for Year: Abatement for Year: 2017 Data collection period for year #2: July 1, 20 to June 30, 20_ Data collection period for year #1: July 1, 2014 to June 30, 2016 Assessment Rate: Assessment Rate: 7.2% Tax Area: Tax Area: 0001 Mill Levy: Mill Levy: 31.806 Actual Value this year: Actual Value this year: $4,363,700 New Value: New Value: $3,628,000 Assessed Value Tax Amount Assessed Value Tax Amount Original value: $ 314,190 $ 9,993.12 Original value: $ $ Corrected value: $ $ Corrected value: $ 261,216 $ 8,308.23 Refund: $ 5,2974 $ 1,684.89 Refund: $ $ The basis of this recommendation is: Attached comparable sale grid for the subject shows 3 comparable sales with a mean of $3,694,100 and a median of $3,627,975 (also comparable #1). Upon review of comparable sales, it was determined that the subject property be adjusted to a value of $3,628,000. Chief Appraiser Approval:✓� �� Assessor Approval: danpo @ May 29, 2018 11:21:35 AM Pitkin County Colorado Assessor Indicated/SqFt Adjusted Sale Value/Sgft Value FINISHED GARAGE FINISHED GARAGE HEATED Construction Quality Finished Basement Area Live Area Effective Year Built Actual Year Built 'Land Value Code SOFT n m VALUE ADJUST Time Adj. Price a 'Sale Price f.11 ° ISitus Address Parcel Number Account Number I d, 7 1 I 111 AM WI 111 $868 69 A W a w J O EA iv IN., GOOD O O O O [3046.0000 0 n VD01 w IB BIRCHSFRB A O ASPEN 55 OVERLOOK DR 273501307014 O p CA EN/ N 4. H9 J N N EA , N J ,O -4 V1 ,_,.. J GOOD 0.0000 13798.0000 _ .-• D ND 'D •-- J N 'D WA 2&3SFR - Avg ' - A1,.., O 0 O DESCRIPTION 69 A oo EA EAlt A 69 E., EA 0 07/10/2014 ASPEN 1605 SILVER KING DR 273502401015 Comparable: R005404 i^ --- 5H tA p A. .,� 0 0 0 69 A 0 ($293,280) ($103,300) 0 (000`006$) 0 0 + 0 Er EA a A U IAI In an w J V GOOD ONO O 0 13647.0000 2004 2004 W MEA SFR B 15030 0 DESCRIPTION EA OON O �, O� 0 OSI`IS N 0 O O{.^ 0 08/12/2014 ASPEN 1345 MOUNTAIN VIEW DR 273501309013 Comparable: R005444 - '1 - 1 I�tN,os�.� 1I11 l ¢ iEc Fl 1. I GGG i1 1, EA In N %A U J ...� if, �-- cA O o ..� 69 O 69 as w 'D 0 EA w o `D W 69 N L., A w O �...� 69 E.,..'A EA A o .� 69 O 60 CD O C �..� 69 O 69 O +(-)ADJUST ._. $578 IN C N O O ON GOOD 0.0000 3288.0000 O CA '0 J IW MEA SFR B 15320 O DESCRIPTION EA w N..,r 00 0 �l 69 Ix EA O O 0 10/10/2014 ASPEN 1325 MOUNTAIN VIEW DR 273501309014 Comparable: R005402 .. , IEA Fet^A +' � 1� .. - - fi :O C $0 b9 0 69 0 $54,540 ($94,380)1 b9 CDO b9 p 69 0 69 0 +(-)ADJUST danpo @ May 29, 2018 11:21:35 AM Pitkin County Colorado Assessor m - CD 5t,1/2 Ls (1) Llos Exterior 02010 Prope rty_ of AspenAlenvdood MLS Kitchen () I 'ION I iy I V Kitchen 'I()p 01 V.1)( I !led'. tr..(( IYI f. • ' Kitchen OILE17.. • • • , , e t: .0 Iv Stairs Master Bath 01'I01A:Ii; Media Room pen.0 enwoed ML8 Gym Bedroom rfy of'Aspen?Glenwood MLS Bathroom ©2010 Property ofAspenfGlenv View