C150237 Appraisal - Laserfiche WebLink

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100 Acres,Penrose,CO PURPOSE, INTENDED USE AND INTENDED USER The purpose of the appraisal is to estimate the market value, as is, of the property described herein (in the provided survey/plat) on July 11, 2012,the date of property inspection. Penrose Water District is the client for this appraisal. This appraisal report is intended for use by Penrose Water District for asset management or asset purchase purposes. It is not intended for any other use or users. This appraisal report is not to be used or relied upon by any other party for any purpose without the written consent of the appraiser. The appraiser is not responsible for unauthorized distribution and/or use of this report. Any party who uses or relies upon any information in this report,without the preparer's written consent, does so at their own risk. SCOPE OF THE APPRAISAL The scope of this appraisal includes estimating the subject property value based upon the data, assumptions, and other criteria contained in this report, and this process includes collecting, confirming, analyzing, and reporting data. All sales data presented in this appraisal report have been confirmed through an examination of recorded warranty deeds and deeds of trust and/or through conversation with either a principal or broker involved in the transaction, unless specifically stated otherwise in the discussion of a particular transaction. All listing data presented has been confirmed either with the property owner or their agent.All information regarding construction or development costs has been estimated from the subject's proposed costs,the Marshall Valuation Service and/or from known costs of other similar type properties or developments and from local building contractors. All information regarding zoning, real estate taxes, and other governmental matters has been collected from those agencies responsible for the promulgation or enforcement of those matters. Sources of specific data pertaining to the property descriptions or to general market conditions are identified in the appropriate section of the appraisal. General information regarding the city,the neighborhood,the subject property or overall market conditions is the appraiser's conclusions based upon personal inspection, data collection, and analyses. The appraiser completed a physical inspection of the subject property on July 11, 2012. A search of municipal records has been completed to ascertain the current and historical assessment and ownership data regarding the subject property. The subject is appraised assuming there are no liens or other matters of record,which would impact its market value. The subject property's current physical and legal conditions, its background and history,were researched with all due diligence expected of a professional real estate appraiser in the course of performing appraisal services. The appraiser has attempted to analyze the subject property as seen through the eyes of the hypothetical, "most probable" buyer. In regard to environmental issues, including potential contamination by hazardous substances,the appraiser has made a limited scope analysis of the subject property. In the course of the inspection of the property, only a visual observation has been performed. The appraiser did not search title, interview the current or prior owners, or" do any research beyond that normally associated with the appraisal process unless otherwise stated. The user of this appraisal is reminded that the appraiser is not trained or qualified to identify potential environmental problems;therefore,users should make their own determination of whether an environmental professional is required for further study. Since the appraiser is not an environmental professional,he cannot be held liable for the lack of detection or identification of possible environmental problems. The appraisal report and/or any environmental 6 ©2012 Grantham Appraisal Service All Rights Reserved