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6404 Erlanger Street. There are a total of 128 units of
townhouses, duplexes, and single-family detached residences in
two "Phases" of PV. Phase I is made up of 76 single-family,
single-level, freestanding or duplex units. Phase II has 52
units, 13 groups of fourplex townhouses. The subject residence
was a single-family detached residence in Phase I.
By quitclaim deed dated November 27, 1995, Arnal Colvin and
Rhoda Colvin, as trustees of the Colvin Family Trust, sold the
subject condominium to petitioner. The deed conveyed, according
to its terms, three "parcels": (1) An undivided one seventy-
sixth interest in each of lots 748, 750, and 751 of University
City Unit No. 8 with nonexclusive easements for use and enjoyment
of certain common areas; (2) unit 67 of the condominium
development; and (3) exclusive right to possession and occupancy
of the portions of lots 748, 750, and 751 designated 67-B and
67-C.
Rhoda Colvin is an accountant, bookkeeper, and return
preparer who has a college degree in accounting. She prepared
petitioner's tax returns for 1997 and 1998. She also set up and
maintained the books of account for the PV homeowners association
(association) for 8 years beginning in 1976. During the period
when she was maintaining the books of the association, the
finances of Phase I and Phase II were accounted for separately.
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Last modified: May 25, 2011