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HomeMy WebLinkAboutAppraisal Camp Appraisal 1081 Vail View Drive Unit B212_06222019 The Appraisal Camp PO Box 6466 Vail,CO 81658 970-471-1438 06/22/2019 George Ruther Town of Vail 75 S.Frontage Rd Vail,CO 81657 Re: Property: 1081 Vail View Dr Unit B212 Vail,CO 81657 Borrower: Town of Vail File No.: 19-06-21 Opinion of Value:$ 350,000 Effective Date: 06/22/2019 In accordance with your request,I have appraised the above referenced property. The report of that appraisal is attached. The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report,as improved,in unencumbered fee simple title of ownership. This report is based on a physical analysis of the site and improvements,a Iocational analysis of the neighborhood and city,and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached. It has been a pleasure to assist you. Sincerely, vw Michael V.Campanale License or Certification#:CR100000023 State:CO Expires:12/31/2019 mike@appraisalcamp.com The Appraisal Camp DESKTOP RESTRICTED USE APPRAISAL REPORT File#19-06-21 Loan# FOR INTERNAL RISK ANALYSIS VALUE ESTIMATED FROM PUBLIC RECORD DATA ONLY,NO PROPERTY INSPECTION PERFORMED UNLESS OTHERWISE STATED. Intended Purpose: ❑Portfolio Evaluation ❑QC/Audit ❑Junior Lien ❑REO/Foreclosure ®Other: Opinion of Market Value Data Source(s)Used: ❑Lender ®Public Records ❑Owner ❑Appraiser Files ❑MLS ❑Plans&Specs. ❑Other: Interest Appraised: ®Fee Simple ❑Leasehold ❑Leased Fee ❑Other(describe) CLIENT AND SlUBJECT PROPERTY MENTIFICATION Lender/ClientName: Town of Vail Lender/Client Contact: George Ruther Lender/Client Address: 75 S.Frontage Rd Vail CO 81657 Borrower/Applicant: Town of Vail Current Owner: Judith Ann Dyer Subject Property Address: 1081 Vail View Dr Unit B212 City: Vail State: CO ZIP: 81657 Census Tract: 0007.03 Map Ref.: 20780 County: Eagle Legal Description: Homestake at Vail Unit B210 Property Type: ❑Tract SFR ❑Custom ®Condo ❑Coop ❑Townhouse ❑Multifamily ❑Other: MARKET AREA AND COMPARABLES , Market Value Trend: Market Area Name: Homestake at Vail ❑ Increasing ® Stable Typical Market Price Range: $ to $ Predominant: $ ❑ Declining yp g 254 000 1 475 000 500 000 Typical Market Age Range: 18 yrs. to 50 yrs. Predominant: 35 yrs. FEATURE SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 Address 1081 Vail View Dr Unit B212 1081 Vail View Dr 1063 Vail View Dr 1081 Sandstone Dr Vail CO 81657 Vail CO 81657 Vail CO 81657 B305 Vail CO 81657-4063 Proximity to Subject 0.02 miles E 0.02 miles E 0.08 miles NE Sales Price $335 000 $365 000 $349 700 $300 000 Price/Gross Living Area $ 596.09/Sq.Ft. $ 635.89/Sq.Ft. $ 683.01 /Sq.Ft. $ 533.81 /Sq.Ft. Date of Sale 04/06/2019 s06/19 cO4/19 s04/19 cO2/19 s01/19 c12/18 Location B Res Resort B Res Resort B Res Resort B Res Resort Site Size Condo/NA Condo/NA Condo/NA Condo/NA Site View B Ski Mtn B Ski Mtn B Res Ski B Ski Mtn Design(Style) GR2L Condo GR2L Condo GR1L Condo GR1L Condo Age(yrs.) 46 46 45 46 Condition C4 C4 C4 C4 Above Grade Total Rooms Bedrooms Baths) Total Rooms Bedrooms Bath(s) Total Rooms Bedrooms Bath(s) Total Rooms Bedrooms Bath(s) Room Count 3 1 1.0 3 1 1.0 3 1 1.0 3 1 1.0 Gross Living Area 562 Sq.Ft. 574 Sq.Ft. 512 Sq.Ft. 562 Sq.Ft. Basement Osf Osf Osf Osf Heating/Cooling Fwa None Fwa None BsBrd Elec None Fwa None Garage/Carport 20 ;Surface 20 ;Surface 10 ;Surface 20 ;Surface Porch,Patio,Deck,etc. Patio/Deck Balcony Balcony Balcony Amenities/Upgrades 1 F/P 1 F/P 1 F/P 1 F/P Overall Comparison to Subject Property ❑Superior ®Similar ❑Inferior ❑Superior ®Similar ❑Inferior ❑Superior ®Similar ❑Inferior EVALUATION SUMMARY " Comments: The most similar properties are compared to the sub ect in the sales comparison approach. The sub ect has an appealing location. It is in the Sandstone neighborhood on the north side of the Vail Valley.There is a pedestrian bridge east of the sub ect crossing the interstate offering access to the Lionshead area of Vail. This is one of the Villages of Vail with skier access shops and restaurants. Com arables 1 3 4 and 5 are from the sub ect pro ect. Comparable 1 is a very recent sale inspected by the appraiser prior to the sale. It has very limited updating. It was reported that this unit will be entering into the Vail InDeed affordable housing program. Comparable 2 is from a similar pro ect with a similar location to the sub ect. Comparable 3 was sold with Realtor involvement but was not actively listed for sale the buyers solicited the owner. It was reported that it was in need of a full remodel. The seller's agent stated that the seller had originally wanted$339 000 but quickly settled for$300 000. Comparable 4 is a slightly older sale. Com arables 5 and 6 are listings of similar units to the sub ect. These are the most similar,available com arables at this time. The rounded ad Listed value of comparable two the middle range of value is relied upon for an opinion of value of$350 000 considering the most recent sale from the pro ect and the active listing. Personal property and furnishings are not considered for the sub ect or the com arables. At this value the sub ect has an estimated marketing time of under 3 months. EXPOSURE TIME:estimated length of time that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal.The exposure time for this appraisal is estimated at 2 months. The sub ect is selling without Realtor involvement or sales commissions. Opinion of Value: $ 350,000 as of 06/22/2019 'CERTIFICATION AND LIMITING 00NDITIONS RESTRICTED USE APPRAISAL REPORT:The Restricted Use Appraisal Report option limits the use of this report to the named client.The appraiser's opinions and conclusions setforth in the report cannot be understood properly without additional information in the appraiser's workfile. PURPOSE OF APPRAISAL:The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report based upon a qualitative sales comparison analysis for use in the mortgage finance transaction. INTENDED USE:This appraisal is intended for use only by the client and/or its subsidiaries.Thefunction of this appraisal is to help the client analyze the risk associated with making a loan on the subject property. INTENDED USER(S):The intended user(s)of this appraisal report is the Lender/Client named herein,or it's successors and assigns. HIGHEST AND BEST USE:The Highest and Best Use of the subject property is assumed to be its present use;that is,one-four(1-4)family residential use. 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 and 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 acting in what they consider their best interests;3) a reasonable time is allowed for exposure in the open market;4)payment is made in terms of cash in United States 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. DRA2 01/2008 Form DRA2-"TOTAL"appraisal software by a la mode,Inc.-1-800-ALAMODE Page 1 of 2 DESKTOP RESTRICTED USE APPRAISAL REPORT File#19-06-21 Loan# SCOPE OF WORK:The scope of this appraisal consists of identifying the characteristics of the subject property that are relevantto the purpose and intended use of the appraisal.This may be accomplished by reviewing public record data,prior appraisal or other documentation from a disinterested source and which is considered reliable from the appraiser's perspective.Unless otherwise noted in the appraisal,no interior or exterior inspection of the subject property has been made. In developing this appraisal,the appraiser has incorporated only the Sales Comparison approach.The appraiser has excluded the Cost and Income approaches as not being relevant,given the agreed upon Scope of Work.The appraiser has determined thatthis appraisal process is not so limited thatthe results of the assignment are no longer credible,and the client agrees thatthe limited service is appropriate given the intended use.The data sources for the comparable sales may include public record data services,multiple listing services,automated valuation models and/or other data sources that become available.The confirmation of comparable sale data,i.e.closed sale documentation and property characteristics,is via public data sources only.The appraiser has not viewed the sales in the field.The data is collected,verified and analyzed,in accordance with the scope of work identified and the intended use of the appraisal.The appraiser acknowledges that an estimate of a reasonable time for the exposure in the open market is a condition in the definition of market value.The subject's marketing time is assumed to be typical for the subject's market area unless otherwise stated. In the absence of an inspection,the appraiser has made some basic assumptions,including the following: 1.The subject property is assumed to be in average overall condition and generally conforms to the neighborhood in terms of style,condition and construction materials. 2.There are no adverse environmental conditions(hazardous wastes,toxic substances,etc.)present in the improvements,on the site,or in the immediate vicinity of the subject property. 3.There are no significant discrepancies between the public record information or other data sources and the existing site or improvements. ANALYSIS OF ANY CURRENT AGREEMENT OF SALE,PRIOR SALE WITHIN THREE YEARS AND RECONCILIATION:Unless otherwise noted,the appraiser has no knowledge of any current agreement of sale nor any current or past listing agreement.Prior sales of the subject property within three years of the effective date of this appraisal have been researched and reported,if available from public record sources.The appraiser has reconciled the quality and quantity of data available into an Opinion of Market Value,in accordance with the intended use and scope of work. STATEMENT OF CONTINGENT AND LIMITING CONDITIONS:The Appraiser's Certification that appears in this report is subject to the following conditions: 1.The appraiser will not be responsible for matters of a legal nature that affect the subject property. 2.The appraiser assumes the title is good and marketable and,therefore,will not render any opinions about the title.The property is appraised on the basis of it being under responsible ownership. 3.The appraiser will not give testimony or appear in court because he or she performed this appraisal unless specific arrangements to do so have been made beforehand. 4.Except as noted herein,the appraiser has not made an exterior or interior inspection of the subject property.The appraiser assumes that there are no adverse conditions associated with the improvements or the subject site.Unless otherwise stated in this report,the appraiser has no knowledge of any hidden or apparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes,toxic substances,etc.)present in the improvements,on the site or in the immediate vicinity that would make property more or less valuable,and has assumed that there are no such conditions.The appraiser makes no guarantees or warranties,express or implied,regarding the condition of the property.The appraiser assumes that the improvements are in average condition.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,the appraisal report may not be considered an environmental assessment of the property. 5.The appraiser obtained the information,estimates,and opinions that were expressed in the appraisal report from sources that he or she considers reliable and has no reason to believe them to be other than true and correct.The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 6.The appraiser will not disclose the content of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. APPRAISER'S CERTIFICATION:The appraiser certifies,to the best of my knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions and conclusions are limited only by the reported assumptions and limiting conditions,and are my personal,impartial,and unbiased professional analyses,opinions and conclusions. 3.1 have no present or prospective interest in the property that is the subject of this report,and no personal interest with respect to the parties involved. 4.1 have no bias with respect to the property that is the subject of this report orto the parties involved with this assignment. 5.My engagement in this assignment was not contingent upon the development or reporting of predetermined results. 6.My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.My analyses,opinions and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8.1 have not made a personal inspection of the property that is the subject of this report,nor did I make inspections of the comparable sales. 9.No one provided significant real property appraisal assistance to the person signing this report,unless otherwise noted and acknowledged within this report. ADDRESS OF PROPERTY APPRAISED: LENDER/CLIENT: 1081 Vail View Dr Unit B212 Contact: George Ruther Vail CO 81657 Company Name: Town of Vail OPINION OF VALUE OF THE SUBJECT PROPERTY:$ 350000 Company Address: 12345 W Colfax Ave EFFECTIVE DATE OF APPRAISAL: 06/22/2019 Lakewood CO 80215 APPRAISER: SUPERVISORYor CO-APPRAISER(Ifapplicable): Signature: 6 " cl` Signature: Name: Michael V.Campanale Name: Company Name: The Appraisal Camp Company Name: Company Address: PO Box 6466 Company Address: Vail CO 81658 Date of Report/Signature: 06/22/2019 Date of Report/Signature: License or Certification#: CR100000023 License or Certification#: Designation: ST: CO Designation: ST: Expiration Date of Certification or License: 12/31/2019 Expiration Date of Certification or License: Inspection of Subject: ❑Interior&Exterior ❑Exterior Only ®None Inspection of Subject: ❑Interior&Exterior ❑Exterior Only ❑None Date of Inspection: Date of Inspection: DRA2 01/2008 Form DRA2-"TOTAL"appraisal software by a la mode,Inc.-1-800-ALAMODE Page 2 of 2 ADDITIONAL COMPARABLE SALES File No.19-06-21 Loan No. SALES COMPARISON APPROACH FEATURE SUBJECT COMPARABLE SALE# 4 COMPARABLE SALE# 5 COMPARABLE SALE# 6 Address 1081 Vail View Dr Unit B212 1136 Sandstone Dr 1081 Vail View Dr 980 Vail View Dr Vail CO 81657 Vail CO 81657 Vail CO 81657 Vail CO 81657 Proximity to Subject 0.06 miles NE Less than 0.01 miles 0.16 miles NE Sales Price $335 000 $324 000 $389 000 $398 000 Price/Gross Living Area $ 596.09/Sq.Ft. $ 598.89/Sq.Ft. $ 693.40/Sq.Ft. $ 621.88/Sq.Ft. Date of Sale 04/06/2019 s07/18 c06/18 Active Listing DOM 23 Active DOM 163 Location B Res Resort B Res Resort B Res Resort B Res Resort Site Size Condo/NA Condo/NA Condo/NA Condo/NA Site View B Ski Mtn B Ski Mtn B Ski Mtn B WtrMtn Design(Style) GR2L Condo GR2L Condo GR2L Condo GR2L Condo Age(yrs.) 46 45 46 46 Condition C4 C4 C4 C3 Above Grade Total Rooms Bedrooms Baths) Total Rooms Bedrooms Bath(s) Total Rooms Bedrooms Bath(s) Total Rooms Bedrooms Bath(s) Room Count 3 1 1.0 3 1 1.0 3 1 1.0 3 1 1.0 Gross Living Area 562 Sq.Ft. 541 Sq.Ft. 561 Sq.Ft. 640 Sq.Ft. Basement Osf Osf Osf Osf Heating/Cooling Fwa None Fwa None Fwa None Elec BB None Garage/Carport 20 Surtace 20 Surtace 20 Surtace 10 Surtace Porch,Patio,Deck,etc. Patio/Deck Balcony Balcony Balcony Amenities/Upgrades 1 F/P 1 F/P 1 F/P 1 F/P Overall Comparison to Subject Property ❑Superior ®Similar ❑Inferior ❑Superior ®Similar ❑Inferior ❑Superior ®Similar ❑Inferior Comments: DRA201/2008 Form DRA2.(AC)-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Market Conditions Addendum to the Appraisal Report File No. 19-06-21 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 1081 Vail View Dr Unit B212 City Vail State CO ZIP Code 81657 Borrower Town of Vail 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) 12 2 7 ❑Increasing ®Stable ❑Declining Absorption Rate(Total Sales/Months) 2.00 0.67 2.33 ❑Increasing ®Stable ❑Declining Total#of Comparable Active Listings 2 5 5 ❑Declining ®Stable ❑Increasing Months of Housing Supply(Total Listings/Ab.Rate) 1.0 7.5 2.1 ❑Declining ®Stable I❑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 1 352,500 349,985 1 360,000 ❑Increasing ®Stable ❑Declining Median Comparable Sales Days on Market 1 29 2 1 18 ❑Declining ®Stable ❑Increasing Median Comparable List Price 365,000 387,000 1 378,000 ❑Increasing ®Stable ❑Declining Median Comparable Listings Days on Market 29 18 21 ❑Declining ®Stable ❑Increasing Median Sale Price as%of List Price 96.90 94.25 98.76 ❑Increasing ®Stable ❑Declining Seller-(developer,builder,etc.)paid financial assistance prevalent? ®Yes ❑No ❑Declining ®Stable ❑Increasing 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 fees,options,etc.). Seller concessions are not generally seen in this area and there are few instances where a new developer will offer some concessions in either closing costs furnishings and or upgrades,but this is not typical and so have not affected values in the area. NOTE: The data supplied is from the MILS,and median sale/list price is calculated as using the final list price. Are foreclosure sales(RED sales)a factor in the market? ❑Yes ®No If yes,explain(including the trends in listings and sales of foreclosed properties). Cite data sources for above information. Public Records MILS,Realtors 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. Sales volume is stable with less inventory on the market. DOM's are lower than in previous years and sales to list price Ws are up. If the subject is a unit in a condominium or cooperative project,completethe following: Condo Project Name: Homestake at Vail Subject Project Data Prior 7-12 Months Prior 4-6 Months Current—3 Months Overall Trend Total#of Comparable Sales(Settled) 2 1 1 ❑Increasing ®Stable ❑Declining Absorption Rate(Total Sales/Months) 0.33 0.33 0.33 ❑Increasing ®Stable ❑Declining Total#of Active Comparable Listings 1 1 1 ❑Declining ®Stable I❑Increasing Months of Unit Supply(Total Listings/Ab.Rate) 3.0 3.0 3.0 ❑Declining ®Stable ❑Increasing Are foreclosure sales(RED sales)a factor in the project? ❑Yes ®No If yes,indicate the number of RED listings and explain the trends in listings and sales of foreclosed properties. • Summarize the above trends and address the impact on the subject unit and project. Limited inventory in the pro ect and in the sub ect's marketing area at this time. Signature r Signature Appraiser Name Michael V.Cam anale Supervisory Appraiser Name Company Name The Appraisal Camp Company Name Company Address PO Box 6466 Vail CO 81658 Company Address State License/Certification# CR100000023 State CO State License/Certification# State Email Address mike@appraisalcamp.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 Comparable Photo Page Borrower Town of Vail Property Address 1081 Vail View Dr Unit B212 City Vail County Eagle State CO Zi Code 81657 Lender/Client Town of Vail Comparable 1 1081 Vail View Dr Prox.to Subject 0.02 miles E "a ry Sale Price 365,000 �1 Gross Living Area 574 Total Rooms 3 Total Bedrooms 1 Total Bathrooms 1.0 Location B,Res,Resort View B,Ski,Mtn Site Condo/NA .; Age 4 46 Comparable 2 1063 Vail View Dr Prox.to Subject 0.02 miles E Sale Price 349,700 Gross Living Area 512 Total Rooms 3 Total Bedrooms 1 Total Bathrooms 1.0 Location B,Res,Resort View B,Res,Ski Site Condo/NA Quality Q4 Age 45 a/,a�vtJJ PpLlMppl I AI d�dwmlru < �� Comparable 3 �j. 1081 Sandstone Dr Prox.to Subject 0.08 miles NE Sale Price 300,000 Gross Living Area 562 Total Rooms 3 Total Bedrooms 1 Total Bathrooms 1.0 Location B,Res,Resort View B,Ski,Mtn Site Condo/NA Quality Q4 Age 46 Form PICPIX.CR-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Comparable Photo Page Borrower Town of Vail Property Address 1081 Vail View Dr Unit B212 City Vail County Eagle State CO Zi Code 81657 Lender/Client Town of Vail Comparable 4 1136 Sandstone Dr Prox.to Subject 0.06 miles NE Sale Price 324,000 f Gross Living Area 541 a� Total Rooms 3 Total Bedrooms 1 Total Bathrooms 1.0 Location B,Res,Resort View B,Ski,Mtn Site Condo/NA Quality Q3 rani ,% Age 45 , r a Y� Comparable 5 1081 Vail View Dr Prox.to Subject Less than 0.01 miles Sale Price 389,000 jGross Living Area 561 Total Rooms 3 Total Bedrooms 1 Total Bathrooms 1.0 Location B,Res,Resort View B;Ski;Mtn Site Condo/NA �x Quality Q4 Age 46 Comparable 6 �irriJ/i�rlr i t Ji f�i� 980 Vail View Dr 90 �ii Prox.to Subject 0.16 miles NE Sale Price 398,000 Gross Living Area 640 Total Rooms 3 �i��a�i���/� � �� Total Bedrooms 1 Total Bathrooms 1.0 ._ Location B;Res' Resort 'o v' View B;Wtr;Mtn �g tlpllg Site Condo/NA Quality Q3 plo. Age 46 Form PICPIX.CR-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Location Map Borrower Town of Vail Property Address 1081 Vail View Dr Unit B212 City Vail County Eagle State Co Zip Code 81657 Lender/Client Town of Vail a3 la C'4pf1C�e IiT1C /D true«wwtlou� wwia wvv.unrew II?a; �, nr k,r r+Pa !PARABLE No.6 Vail View Dr COMPARABLE No.;3 ,CoIs NE 9d1�rrb�l' h1�; 100,1 Sandstone Dr 0305„Vail,COI 81657-4063 0,08 rnfles NE SUBJECT 1081 'Vail View Dr anit:B212' d Vail,CO 81657 k --------------- .014PARABLE No.d 11.36 Sandstone Dr Vasil C0 81651 Cd.06 rnides NE CDMIPARAB�E Nam.5 ,,,• 1081 vali view 11p �"� 1G'���"WU�r°f LW11 rve'' Vail,CC)81657 f � Leas than 0 01 lnlde8 /f W�l t � 1 1+04 r .�. (;E1MPARARISS No. 1 C:[lEgi1 ARAB4 t°Nip. 1063 vill view d1r ruo,rr;r- 19"18S Vail Via„w�11r' VaIll CO 616:57 Vail, CO,$165 r 0v02',MI E 0.02:,i1nidws E p/ Caf�Ih i rfi/lrl r n• COY 1, :r 506 deer ti&5 rrv %II t7 �,,lr -�Pdmw ^�'r i"r-r�fq„ Fe:��'I�P"EFt�,�'''��o4 ty#rexrorwi.,rwryy�yra„lun Form MAP.LOC-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Location Map Borrower Town of Vail Property Address City County State Zip Code Lender a Ja mode, inc: vr,.a..�m„�,r e v.w�nuovr smarx r wow al( , I' r� IJ, i S lil'8]�EETi 1f F�1 Vall V1aw Dr LNnk B212 �y ar ? r u 1 n i t i r s � . r� r� e rr c Form MAP.LOC-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE License Colorado Department of Regulatory Agencies Division of Real.Estate COPY Michael Valenza Carnpanalle Certified Residential,Appraiser CR.100000023 :01/01/2018 License Number Issue lDate Active COPY 12J31/2019 Co PY License Status Expiration Verify this License at http://dora.colorado.gov/dre Director: Marcia Waters Licensee Signature Form SCNLGL-'TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE