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15056041147
REV-1500 EX (06-05)
PA Department of Revenue
Bureau of Individual Taxes ~
PO BOX.280601 ~
Harrisburg, PA 17128-0601
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
OFFICIAL USE ONLY
County Code Year
INHERITANCE TAX RETURN 21 06
RESIDENT DECEDENT
File Number
0695
Date of Birth
192146849
07292006
09251913
Decedent's Last Name Suffix
LINDSEY
Decedent's First Name
CLAIRE
MI
C
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix
Spouse's First Name
MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
X 1. Original Return
4. Limited Estate 4a. Future Interest Compromise
~ (date of death after 12-12-82)
X 6. Decedent Died Testate I 7. Decedent Maintained a Living Trust
(Attach Copy of Will) (Attach Copy of Trust)
9. Litigation Proceeds Received c----r 10 Spousal Poverl)' Credit fdate of death
. between 12-31-91 and -1.95}
i i
3. Remainder Return (date of death
prior to 12.13-82)
5. Federal Estate Tax Return Required
2. Supplemental Return
1
8. Total Number of Safe Deposit Boxes
11.Election to tax under Sec. 9113(A)
(Attach Sch. 0)
~ORRESPONDENT. THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
ame Daytime Telephone Number
CHRISTOPHER E. RICE 7172433341
Firm Name (If Applicable)
MARTSON DEARDORFF WILLIAMS &
OTTO
First line of address
10 EAST HIGH STREET
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REGISTER ~ij.:S US~NL Y
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Second line of address
-a
::r:
DATE FILED
w
o
City or Post OffIce
CARLISLE
State
PA
ZIP Code
17013
Correspondent's e-mail address:
Under penalties of pe~ury, I declare that I have examined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief.
it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNA OF E ON RESPONSIBLE FOR FILING RETURN DATE
ADDRES~
II ~ .
\ ,,' .' ,
John A. Lindsey
? ;:~(\T';
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v
4447 Dunmore Drive, Harrisburg, PA 17112
SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE
U~ 7. ~ Christopher E. Rice
ADDRESS
DATE
/2../~./J('
10 East High Street, Carlisle, PA 17013
Side 1
L
15056041147
15056041147
---I
PA Inheritance Tax Return
Signature of Additional Fiduciaries
ESTATE OF FILE NUMBER
LINDSEY, Claire C. 21-06-0695
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my
knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information
of which preparer has any knowledge.
(/ &: i ~1
Signature #2 12,tl- . IJ. -a "L-
Name
Address1
Address2
City, State, Zip
Date
Carole A. Kuhn
412 Chestnut Street
Mount Holly Springs, PA 17065
/1 J /(\ ((,
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15056042148
REV-1500 EX
Decedent's Social Security Number
192146849
Decedent's Name: C I air e C. II NOS E Y
RECAPITULATION
125,000.00
1. Real Estate (Schedule A~..................................................................................... 1.
2. Stocks and Bonds (Schedule B).......................................................................... 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... 3.
4. Mortgages & Notes Receivable (Schedule D)....................................................... 4.
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E.~.............. 5.
45,141.58
6. Jointly Owned Property (Schedule F) Separate Billing Requested............. 6.
7. Inter-Vivos Transfers & Miscellaneous NQI'l-Probate Property
(Schedule G) Separate Billing Requested............. 7.
9. Funeral Expenses & Administrative Costs (Schedule H)...................................... 9.
170,141.58
29,820.79
6,144.30
35,965.09
134,176.49
8. Total Gross Assets (total lines 1-7)................................................................... 8.
10. Debts of Decedent, Mortgage liabilities, & liens (Schedule I)............................... 10.
11. Total Deductions (total lines 9 & 10~................................................................. 11.
12. Net Value of Estate (line 8 minus line 11~.......................................................... 12.
13. Charitable and Governmental Bequests/See 9113 Trusts for which
an election to tax has not been made (Schedule J).............................................. 13.
14. Net Value Subject to Tax(line 12 minus line 13~.............................................. 14.
134,176.49
TAX COMPUTATION. SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of line 14 taxable
at the spousal tax rate, of
transfers under Sec. 9116
(a)(1.2) X ~
16. Amount of line 14 taxable
at lineal rate X .045
17. Amount of line 14iai<able
at sibling rate X .12
18. Amount of line 14 taxable
at collateral rate X .15
o .00
o . 0 0
15.
6 , 037.94
16.
o .00
17.
o .00
18.
6 , 037.94
19.
o .00
134,176.49
o .00
19. Tax Due.............. ............................................ .....................................................
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
D
Side 2
L
15[]56[]4214&
15[]56[]4214&
.-J
REV-1500 EX Page 3
Decedent's Complete Address:
DECEDENT'S NAME
Claire C. LINDSEY
STREET ADDRESS
485 South Spring Garden Street
File Number 21-06-0695
CITY
STATE
ZIP
Carlisle
PA
17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
8. Prior Payments
C. Discount
(1 )
6,037.94
4,000.00
- - ~- - ------
210.53
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Credits (A + 8 + C)
(2)
4,210.53
Total Interest/Penalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is th€OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is theTAX DUE.
A. Enter the interest on the tax due.
8. Enter the total of Line 5 + 5A. This is theBALANCE DUE
(3)
(4)
(5)
(5A)
(58)
1,827.41
1,827.41
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred;............................................................................. x
b. retain the right to designate who shall use the property transferred or its income;................................ x
c. retain a reversionary interest; 0[........................................................................................................... x
d. receive the promise for life of either payments, benefits or care?........................................................... x
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?................................................................................................................ x
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death.?...... x
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation?............................ .................................................................................... x
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
. " w".~Ji-'
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the
surviving spouse is three (3) percent [72 P.S. ~9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995. the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero
(0) percent [72 P.S. ~9116 (a) (1.1) (i1)]. The statuta:loes not exemota transfer to a surviving spouse from tax, and the statutory requirements
for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a
natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. ~9116 (a) (1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent,
except as noted in 72 P .5. ~9116 1.2) [72 P .5. ~9116 (a) (1 lI.
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. ~9116 (a) (1.3)]. A
sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
Rev-1502 EX+ (6-98)
*'
SCHEDULE A
REAL ESTATE
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIOENT DECEDENT
LINDSEY, Claire C.
FILE NUMBER
21-06-0695
ESTATE OF
All real property owned solely or as a tenant In common must be reported at fair market valuiiair market value IS defined as the price at which property would be
exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real property which Is jointly-owned with right of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 Residence - Residence situate at 485 South Spring Garden Street, Carlisle,
Cumberland County, PA, known as parcel No. 40-22-0485-013, being described in
Deed dated July 28,1992, and recorded in Cumberland County, PA, Deed Book "Z",
Volume 13, Page 102, and being conveyed to Albert A. Lindsey and Claire C.
Lindsey, his wife. Albert A. Lindsey died June 21,1983. Value is appraised value.
VALUE AT DATE
OF DEATH
125.000.00
TOTAL (Also enter on Line 1, Recapitulation)
125.000.00
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule A (Rev. 6-98)
Rev-1508 EX+ (8-98)
*'
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
LINDSEY, Claire C.
FILE NUMBER
21-06-0695
ESTATE OF
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jotntly-owned with the right of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 Coin Collection - William D. Horton, proceeds from sale of coin collection
VALUE AT DATE
OF DEATH
400.00
2 Blue Cross - Refund of premium
680.51
3 Embarq - Refund of service
2.36
4 Orrstown Bank, CD #4000005988
13.000.00
Accrued interest on Item 4 through date of death
40.75
5
Orrstown Bank, checking account #14600415
980.53
Accrued interest on Item 5 through date of death
0.01
6
Public sale - Proceeds from sale of household goods
1.349.25
7
Refund - Dauphin Oil Company, Inc., refund of prepaid heating oil
325.90
8
Sovereign Bank, CD #2895385448
15.006.45
Accrued interest on Item 8 through date of death
45.75
9
Sovereign Bank, CD #3385019579
2.728.81
Accrued interest on Item 9 through date of death
11.33
10
Sovereign Bank, checking account #2891036425
10.567.64
Accrued interest on Item 10 through date of death
2.29
TOTAL (Also enter on Line 5, Recapitulation)
45.141.58
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule E (Rev. 6-98)
REV-1151 EX+ (12-99)
.
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
LINDSEY, Claire C.
FILE NUMBER
21-06-0695
ESTATE OF
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A. FUNERAL EXPENSES:
DESCRIPTION
AMOUNT
See continuation schedule(s) attached
9,304.91
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
B.
Carole A. Kuhn
Social Security Number(s) / EIN Number of Personal Representative(s):
Street Address 412 Chestnut Street
City Mount Holly Springs
Year(s) Commission paid 2007
State
PA
Zip 17065
3,900.00
2.
Attorney's Fees
Martson Deardorff Williams & Otto
8,550.00
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City
Relationship of Claimant to Decedent
State
Zip
4.
Probate Fees
Cumberland County Register of Wills
290.00
5. Accountant's Fees
6. Tax Return Preparer's Fees
7.
Other Administrative Costs
See continuation schedule(s) attached
11,675.88
TOTAL (Also enter on line 9, Recapitulation)
33,720.79
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H (Rev. 6-98)
Rev-1502 EX+ (6-98)
*'
SCHEDULE H-A
FUNERAL EXPENSES
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
LINDSEY, Claire C.
FILE NUMBER
21-06-0695
ESTATE OF
ITEM
NUMBER DESCRIPTION AMOUNT
1 Ewing Brothers Funeral Home, Carlisle, PA 8.691.75
2 James Gingrich Memorials, grave marker 125.00
3 Lydia Hazlett, funeral reception 102.00
4 Richard A. Lindsey, travel expenses to plan and attend funeral 142.00
5 United Methodist Church, donation for funeral luncheon 100.00
6 Wayne Noss Flowers, funeral flowers 144.16
Subtotal
9.304.91
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-A (Rev. 6-98)
Rey-1502 EX+ (6-98)
*'
SCHEDULE H-B7
OTHER
ADMINISTRATIVE COSTS
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
21-06-0695
LINDSEY, Claire C.
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Craig Anderson, lawn care pending disposition of real estate
210.00
2
Cumberland Law Journal, advertising Letters Testamentary
75.00
3
John A. Lindsey - Reimbursement of Administration expenses
300.00
4
McCoy Brothers, Inc., electrical repairs necessary for sale of residence - See
attached statement from S.W. Barrett Real Estate & Appraisal Services
3.540.00
5
McCoy Brothers, Inc., roof repairs necessary for sale of residence - See attached
statement from S.W. Barrett Real Estate & Appraisal Services
5.285.00
6
Postage, Certified mailing, Department of Public Welfare
4.64
7
PPL Electric Utilities, electric service pending dispostion of real estate
42.45
8
Recorder of Deeds, recording fees
82.00
9
Register of Wills, filing fee, Inheritance Tax return
15.00
10
Register of Wills, Short Certificates
12.00
11
Reserved for miscellaneous expenses and filing fees
300.00
12
Richard Castle, trash removal pending dispostion of real estate
450.00
13
S.W. Barrett Real Estate and Appraisal Services, appraisal fee
300.00
14
South Middleton Township, sewer/water pending disposition of real estate
99.00
15
Sovereign Bank, estate checks
13.60
16
The Sentinel, advertising Letters Testamentary
144.29
Form PA-1500 Schedule H-B7 (Rev. 6-98)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Rev-1502 EX+ (6-98)
.
SCHEDULE H-B7
OTHER
ADMINISTRATIVE COSTS
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
LINDSEY, Claire C.
FILE NUMBER
21-06-0695
ESTATE OF
ITEM
NUMBER
DESCRIPTION
AMOUNT
17
US Treasury, reimbursement of August Social Security benefit paid after date of
death
710.00
18
Watson Lock Service, home repairs pending disposition of real estate
92.90
Subtotal
11.675.88
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-B7 (Rev. 6-98)
Rev-1512 EX+ (6.98)
*'
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
LINDSEY, Claire C.
FILE NUMBER
21-06-0695
Include un reimbursed medical expenses.
ITEM
NUMBER DESCRIPTION
1 Carole A Kuhn. Executrix Commission
VALUE AT DATE
OF DEATH
3.900.00
2 Craig Anderson, account payable for lawn care services
90.00
3 Judy A. Campbell, 2006 school real estate taxes
956.44
4 Kim Lindsey. Account payable
1.068.00
5 MCI - account payable
11.54
6 Outstanding checks on Sovereign Bank checking #2891036425 on date of death
38.01
7 Patriot News, account payable
3.35
8 PPL Electric Utilities - Account payable
76.96
TOTAL (Also enter on Line 10, Recapitulation)
6,144.30
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule I (Rev. 6-98)
REV.1513 EX+ (9.001
.*
SCHEDULE J
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
NUMBER
LINDSEY, Claire C.
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal
aistributions, and transfers
under Sec. 9116(a)(1.2)]
FILE NUMBER
21-06-0695
ESTATE OF
RELATIONSHIP TO
DECEDENT
Do Not List Trustee/51
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
I.
1
Carole A. Kuhn
412 Chestnut Street
Mount Holly Springs, PA 17065
Daughter
One-third of
estate residue
2
John A. Lindsey
4447 Dunmore Drive
Harrisburg, PA 17112
Son
One-third of
estate residue
3
Richard A. Lindsey
19 Barkwood Lane
Clifton Park, NY 12065
Son
One-third of
estate residue
Total
Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT
BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
0.00
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule J (Rev. 6-98)
ReY.1512 EX+ (6.98)
*'
SCHEDULE Y-19A
Inheritance Tax
Paid @ 5% Discount
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
LINDSEY, Claire C.
FILE NUMBER
21-06-0695
ITEM
NUMBER
DESCRIPTION
VALUE AT DATE
OF DEATH
1
Register of Wills, Agent - Partial Inheritance Tax payment
4.000.00
TOTAL (Also enter on Line 10, Recapitulation)
4.000.00
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
F:LES D.U.\FILE'WILLS347'; Wll
ORIGINAl RETAINED BY:
LA W OfFICES
~l1(nIJOIl. 'b~lI.t~1t"I/. fWtala".. 6 <!."&1
A nOFlSlIONAl C'OIPOIAl1OII
TEN lAST HIOH STIlIIT
C'A.U.....'" "'0
m,. J4NMI
LAST WILL A:\"D TESTA~fE~T
I. CLAIRE C. L~DSEY, of South Middleton To\\nship, Cumberland County, Pennsylvania.
being of sound and disposing mind and memory, do hereby make. publish and declare this to be my
Last Will and Testament. hereby revoking any and all former Wills or Codicils by me made.
1.
I direct that all my just debts. funeral expenses, testamentary expenses and all inheritance
taxes (whether such taxes may be payable by my estate or by any recipient of any property) shall be
paid from my residuary estate as soon as practicable after my decease and as part of the
administration of my estate. My Executors shall have no duty or obligation to obtain reimbursement
for any such tax so paid, even though on proceeds of insurance or other property not passing under
this Will.
2.
I give, devise and bequeath all of my estate. both real and personal property, in equal shares,
unto my children, JOHN A. LINDSEY, RICHARD A. LINDSEY and CAROLE A. KUHN,
absolutely.
..,
".
I nominate. constitute and appoint JOfr.\! A. LINDSEY and CAROLE A. KUHN as
Executors of my estate.
4.
I direct that my Executors shall not be required to tile a bond to secure the faithful
performance of their duties in any jurisdiction.
5.
I authorize and empower my personal representatives. in their sole and absolute discretion.
to purchase or othef\\ise acquire and retain an} imestments of which I die seized or any n:al or
personal property of any nature: to sell. lease. pb:lge. mortgage. trnnstt:r. exchange. Jispose of or
grant options in regard to any or all property of any kind torming a part of my estate for such terms
and such prices as they may deem ad\ isable: to borro\\ money tor any purposes connected \\ ith the
Page 1 of 3 Pages
~ ~
C. c. tI.
c.c.L.
. .
protection and preservation of my estate: to mortgage or pledge any real or personal property forming
. a part of my estate or to join in or secure the partition of same; to compromise any claims or
demands of my t:state against others or of others against my estate; to make distribution in kind and
to cause any share to be composed of cash. property or undivided fractional shares in property
ditferent in kind from any other share: to employ agents. attorneys and proxies and to delegate to
them such power as my personal representative considers desirable and to pay reasonable
compensation for such services as may be rendered by such agents. attorneys and proxies: and to
execute and deliver such instruments as may be necessary to carry out any of these powers.
I~ WIDlESS WHEREOF I have hereunto set my hand and seal this I 9~ day of
~ ,1996.
~ ~
f',.~41- (1 . AL)
aire C. Lindsey
SIGNED, SEALED, PUBLISHED Al'JD DECLARED by the above-named Testatrix, as and
for her Last Will and Testament, in the presence of us, who at her request, have hereunto subscribed
our names as witnesses thereto, in the presence of the said Testatrix and of each other.
ljJ;iL &*~_ ~'cI ~7' ~/.,,,,<~
/
./
Page 2 of 3 Pages
. ,
CO\[\[O:,\WEAL TH OF PE:--';";SYL VA~IA )
: SS.
COl ~TY OF CC\lBERL\;>';D )
I. Claire C. Lindsey, Testatrix, whose name is signed to the attached or foregoing instrument.
having been duly qualified according to law, do hereby acknO\vledge that I signed and executed the
instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary
act for the purposes therein expressed.
\-&J" (7 ~~~"Y"
Claire . Lindsey
~ Sworn or'!(finned to and acknowledged before me by Claire C. Lindsey, the Testatrix, this
I day of '~ ,1996.
(I ~'v":"'..I.r--->fC ~".4d
Notary Public
I Notarial Seal
Corrine L. Myers. Notary Public
Carlisle Boro. Cumberland County
i My Commission Expires May 27, 1999
COMMON\VEAL TH OF PENNSYLVANIA )
: SS.
COUNTY OF CUMBERLA~D )
We,
the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified
according to law, do depose and say that we were present and saw Claire C. Lindsey, the Testatrix,
sign and execute the instrument as her Last Will; that the Testatrix signed willingly and that the
Testatrix executed it as her free and voluntary act for the purposes therein expressed; that each of
us, in the hearing and sight of the Testatrix, signed the Will as witnesses; and that to the best of our
knowledge the Testatrix was at that time 18 or more years of age, of sound mind d under no
constraint or undue influence.
. ,c. .;, . ( "'_
.\Jdress
"), ....
''--.- ""
1"._.-
\. (. .. A ~ _.' ,_ /' '- ,
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~
Sworn or at1irmed to and subscribed bctore me this IC, day of ~n...L
~"A':'~ 'n~w _
\'orary Public
,1996.
; :'J';:,1r',1: Seal I
/ Carr:ne L. ',ly ers. ,\Jctary Public
C.lr:s,e 80re. :...,"oer'and Cuunty
I ~"Y C,:r"rrlss,on Exr:;res May 27, . S99
Page 3 of 3 Pages
S. W. Barrett Real Estate & Appraisal Service.
Fie No. 06~485
APPRAISAL OF
LOCATED AT:
48S South Spring G.rden StrMt
C.rll.... PA 17013
FOR:
John Undaey
4447 Dunmore DrI".
H.rrl.burg, PA 17112
BORROWER:
John Undaey
AS OF:
October 11, 200t
BY:
Caaaandr. J. Crockett
Certified Residential Appraiser
. .
S. W. Barrett Real Estate & Appraisal Services
F:a No. 06-0465
10/26/2008
John Lindsey
4447 Dunmore Drive
Harrisburg, PA 17112
File Number: 08-0485
Dear Mr. Lindsey;
In accordance with your request, I have appraised the real property at:
485 South Spring Garden Street
Carlisle, PA 17013
The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the market value of the property as of October 11,2008
is:
S125,000
One Hundred Twenty-Five Thousand Dollars
The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, limiting conditions and appropriate certifications.
Respectfully submitted,
t:~~k\-~~})' CJ~c-A;. If
Cassandra J. Crockett
Certified Residential Appraiser
, "
I,
Prooertv Description
Prccerty A,odress 485 South Sorina Garden Street Cilv Carlisi. Stale PA ZoCrAe 17013
Leoa, CesetD!,,:n Deed Book 14-Z' Paa.102 Counlv Cumberland
Ascessc,'s Parcel No 40-22-0485-013 Tax Year 06/07 R E, Taxes S 1 198.00 Scee:al Assess,,",enfs S N/A
BCr!'c'lI8f' John Lindsev CWl1'ent Owner Clair. Llndsev Cccuoant: I Cwner I Terant xl '/aCdrt
" Procer1vr htsaDcralsed :xl FeeSimole rl Leasehold I ProectTvDIl rl PUD I I Condorr.;nium (HUCNA onlV\ HOAS N/A ,Me
Ne,ohbo<hood or Prolect Name South Mlddletan TWD Mao Reference 22-0485 Census Tract 0125.00
Sale P.ce S N/A 8ate of Sale N/A Cesaiotion and S amount ofioan charneslooncessions 10 be oJldhv seller N/A
Lender/Clent John Lindsev Adltess 4447 Dunmore Driv. Harrisbura. PA 17112
Accralser Cassandra J. Crockett Address 126 North Hanover Stre.t. Carlisi. PA 17013
Lecation I_J ,"rban ,'Xl Suburban ~ RiSal Predominant T, SI ngl. family hOU, ling I' Pre..ntland us. % ,Land use chang.
XJ' 7' ' "575" , I d 0,,,,0 _ccupancy ,F$,~!fIE A,9.E) ,c,',_ family 7301. CJ 'j-t' .ely 0 L...,
~~~: 'Jle il~ ~~:d .~, :i ;t~bl~' = ~~: 4..' :! O...rer 1$,:00165 Lcw 'New I;'" ",a""IY 0;' 00 ;.,~pr~caS5 ,:,
Property volues : X Inaeasing b Stable _ Declining l,., Tenant 1170 Hioh 100' ''''llI-famtt 2% To: Residentiall
Demara::'_.piy I Shortage I! ~ baIlr1ce _ <MseWf :! \iX31t(Q,5%) j Predom,nant ! COmMerCIal 15% ! Commercial
Mar~eL"a t,"'e 1=' Under 3 mos, ,X 3-6 mos. Over 6 roos. I v_,_,., I 130 i 40 1 Vacant. 100/0 I
Not.: Rac. and the racial compolitlon 0' th. n.ighborhood are not apprallal 'actOl..
Nelghbcrhood bcundaries and charactenstlCl: SubJ.ct Is bound.d on the north bv Rt. 641' on th. east bv Rldn. Road' on the south bv
: Boillna SDrlnns' and on tha w..t bv Rl34.
. Faclers that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stab,lity, appeal to market. etc,):
~ Sublect DrODertv Is locat.d In an eXDandlna area of homes. adlacent to the Borouah of Carlisi. with a mix of residential and
.. commercialllndustrial usaae. ShoDDinn and other amenities are within walklna or short drivlna dlstanc.. School svstem Is
South Middleton District and students are bused. SMSA 42-3240.
SUMMARY APPRAISAL REPORT
UNIFORM RESIDENTIAL APPRAISAL REPORT
File No 06-0465
Market condition. in the subject neighborhood (including support for the above concluslonl related to the trend of property valuea, demand/supply, and marketing time
.. such as data on competitive properties for sale in the neighborhood. description or the prevelence of sale. and financing concesaions, etc.):
ProDertv values a... currentlv stabl. with an lverane marketlna tlm. of 80-100 dallll. Economic trends and lendlna rates have
r.maln.d favorable. Sa I.. concelllon. occur Infrenu.ntlv. Th.... are n.w homes und.r construction in surroundlnn
d.veloDmenll as well as resal.s avallabl. In the n.lahborhood.
. Proj.ctln'ormallon for PUDI (It applicable) -. Is th. dev.loper/builder In control of the Home Ownen' Assoclalion (HOA)? U YES U NO
Approximate total number of units In the subject project N1A Approximate total number of units for sale in the subject project N/A
Descnbe common elements and recreational facilities: N1A
DimenSIon. See leaal descriotion/tax maD Topographv Level to sllohtlv slooina
Site area 0.34 Acr. M/L Caner Lot U Vea lXJ No Size TVDical for area
Specific zOning classification andrR deaalptlon Vlllan. Shape Rectannular
Zonlngoompllance 00 Legal I.egllMOIIOOo~"Ii...(G-IndtIIhnduse) Ulllegal U No zoning Drainag. ADDea... adenuat.
Hiaheat & best use ea i"""""ad: X Present use I I Olher UII lelllllllnl View Residential
Utllltl.. Pu~blic Other Off..lt. Improv.mente Type P~1c Pri~te Landsceping Twlcal
E1eclriClty X 100 am D StrHl Asphalt r! :- Driveway Surface ASDhalt
Gaa ProDan. CUIb/gutter Non. :- :- Apperenteasements None ADDarent
Water X Sidewalk Non. :- :- FEMA Spadal Aood Hazard Aree' U Yes 00 No
Sanllary sewer Ix Streetlights Non. :- :- FEMA Zone C Map Date 11/411981
Storm sewer F All... Non. FEMA Mao No. 420371A
Comments (apparent adverse easements, enaoachments, speelal assessments, slide areas, illegal or legal nonconforming zoning. use, etc.): Th.r. are no
aDDarent adve.... euaments .ncroachm.nll or oth.r adverse conditions.
GENERAl. DESCRIPTION
No. of Units Ona
No. of Stones One
Type (Del.lAtt.) Detach.d
Des.gn (Sr/'e) 1 StorY
EXISting/Proposed Exlstlnn
Age (Yrs.) 56 Yrs
Effective Ane Yrs. \ 15-20
. ROCMS Faver Livina
, easement
Lovell 1
. Level 2
EXTERIOR DESCRIPTION
Foundation Block
Ext9l1rl Walll VlriYf
Root Sutface Shlnale
Gutters & Dwnspll. Aluminum
Window Type DoubleHuna
Storm/Saeens Y.s
Manulactured House Na
Dinina Kitchen Den
Cther Area Sa FI.
Area 1
FOUNDAT~ BASEMENT
Slab None Area Sq.Fl 1080
0'lMI SIxa Nane % Finished 0%
Basement Full Ceiling Unfinished
S~ Pi.Jrr!l Floor Drains 'Nalls Block
Dampness Nona Obs. Floor Concrete
Settlement Non. Obs. OutSIde Enry Yes"
Infestalion Non. Obs. "Ex Dosed to rear
FamJlv Rm. Rae. Rm. Beaooms . Baths Launltv
Area
~~~LA nON ~
Ceiling -Ix
Walls concld.,
Fioor _Ix
None _
U'1tl"OMl_
3 1
1 080
Fin,shed area abov."rad. oontalns: 5 Rooms' 3 Bedroom(s~ 1 BatNsI: 1 080 Sou are Feet ot Grcss L"""'J Area
F~:~:,CR ~~~~~~~::V~nYI r ~~~TI~HAI " :~:::::auIP ~ I ~:~C ~'" I ;:~:~:~~ #Bnck .',~ .~: S~~RAGE:
. Wails Drywall/Panel Fuel 011 Range-Oven' ~ I Stllll1 , X i PatJo Concrete : ~ ,:;,ya,;e . d ca:s
Tr.m.h.,;h Wood 'AM'!ionAveraae C spa.. I~ Crop St... [ I Deck I, ,~aached 1
2ath Floor Vlnvl COOliNG C.shwasher I~ Scutt:. ',:,,:' I Perch Two Xi Cclt.cr,ed
8ath "~J,rscot Drywall/Tlla I Central Yes F...'Hood R Floor ,c2S . Fence I ~ au"l.;n
Coors Wood.n Oth.. Nona M1aowave Healed ,L.. I Poo ,j C.rport
Averane Condition CondlionAveraae Washerllher Fin shed 'Breezewav rXl Cr'vewav 2JPvd
AddltiOOal 'eali.res (special energy eHielenl items. etc.~ "Exlstlna aDDllances to ba sold at auction' walk-uD attic. f1oor.d' hardwood f1oo...
in most rooms' ceramic tila in bath. vinYl sidlna raDlaced within 5 y.ars Der famllv member.
Ccnd,llon d the .mprcvements, depreciation (phYSical, functional. and extetnal), 'epats needed, quality of construction remodei,ng/add'tlons, etc' ImDrOV.
ments are in averaae condition with no functional inadeauacies aDoarent. Roof aDoears to be nearlno end of it's useful life
no evidence of interior leaks at tima of insD.ction adlustment taken under condition.
Ad_erse Bnwon",enta; candlt,ons (such as. but not limited 10. hazardous wastes. tOXIC substances. etc.) present in the Improvement.. on the sile, cr ,n the
,mmed,ate Vicinity at the subject properly: No adverse environmental conditions are apparent/disclosed.
fr.... MK F~:"O 1l.iJ
PAGE10F2
ProlNcMIIIfIIACI ill...., llDD 234 .727 WWW___CM
fJM' MM FOOft lOOot 6-93
Valuation S.clion 35.000 , Comments on Cest Appro~eh lsueh as, sourr.e ,0 f co s I e s I, ma I..
EST:~ATED SITE '/ALUE. . . . . ... ..,.... .........=$
EST:MATED REPRCDLCTiCN COST-NEW OF IMPRO'/EMENTS: sil. valu., square foot ealcu,al,on and for HUD. IA and FmHA, Ih.
C....ell.r9 Sq.Ft.@$_ = $ estimal.d r.maining econom.c ,fe of the property):
Sq.Ft.@$_ = : Cost Aooroach ffrom Marshall/Swift Valuation Service
. = handbook and local cost analvsisl was considered but
, G.:tag..c~1XJ1 _Sq.Ft. @$_ = deemed not credibl. due to the aoe of the
T olal EsI,rr:ated Cesl New .. . . . . . . = $ ; imDrovements. Site value from Market Data.
0... o. I Deoreclation based on aaellife. observed condition. and
. ~1iJn -=:J Functional I External Est. Remaining Econ. L,f.:
= $ ; Market Data Analvsis. Estimated remainlna Economic
Oeprll<;:ated 'Ialue 01 :rrprovements . . . . . . . . . . , . ...... = $ o I Life Is 35-40 vears.
-As-,s- '/,Iu. of Sit. Improv.m.nts . .."..... .. . . . .... = $ I
INDICATED VALUE BY COST APPROACH. . . . .... . = $ N/A!
lTt:M" I SLBJECT CCMPARABLE NO 1 COlllPARABLE NO.2 I CCMPARABLE:o.O 3
485 South Spring Garden Street 41 Camelot Drive 21 Carlton Avenue 110 Valley Street
AJoJress Carlisle Cartisl. Carlisle Carlisle
Prcxlmlv 10 Sut eet I 0.28 MI SSW 0.18 MI ENE 0.96 MI ENE
Sales Pnee $ N/A $ 154400 $ 124 900 S 135.000
PliceiGrcss LIV At.. $ 0.00 III $ 104.89 III $ 150.12 III $ 100.00 ItJ
Data and/or Inspection
Venftcatlon Sources Courthouse Rec MLSlCourthou.. Records MLSlCourthous. Records MLS/Courthouse Records
VALLE .ADJUSThENTS DESCRIPTION DESCRIPTION 1...11...._ DESCRIPTION T "'\I"~_ DESCRIPTION I I (.)S~dllJt""'"
Sales or Finanang N/A Clsg.CstslConv -4.500 CIsg.CstslConv -2,500 None,Conv
CeneessiOf'S DOM4 , DOM 38 DOM&
0,1. of SoleiTi,r. 'N/A 4/05 4% : 8149 8/08 : 6/0& :
Loeat,on Suburban Suburban Suburban Suburban
L~..Sil1lIe Fee Slmol. Fee Slmol. : Fee Simole : Fee SimDle :
Sil. 0.34 Acrs M/L Lot/Avo UO'- : Lot/Ava r.201 : Lot/Avo un :
View ResldlComm. ResldlComm. , ResldlComm. , ResldlComm.
Daslan and ADDeal 1 StOry 1Storv : 1 StOry , 1 Storv :
,
fQd;ctCa1sN:Ul AvaNlnvl Ava/VInvl : AvnNInvUBrlck , AvalBrlck/VInvl :
,
Aae 58 Yrs 43 Yrs , 38 Yrs 38 Yrs
Condition Averaa. . Sunarlor 10% : -15500 Suoerlor 10% : -12500 Sunertor 10% : -13 500
Above Grad. ToW I"*",, I .... TaIIIl S*"" I - : TaW t BctmI I ..... : TelaI' 8ml I ..... :
Room Count 2~ 5: 3: 1.00 &: 3: 1.50 ' -1,000 5: 2: 1.00 ' &: 3: 1.50 ' -1,000
Gross Livino Atea 1.080 Sa.Ft. 1 412 Sa.Ft. : -1 800 832 Sa.Ft. : 5000 1 350 So.Ft. : -5400
. Basement & Frlisl1ed Full Bsmtl Partial Bsmt/*" . Full asmtl , Full Bsmtl
,
Roome Below Grade Unfinished Unfinished , Unfinished , Unfinished
: Functional Utililv Averaoe Averaae , 2 Bedroom"nf , 2 000 Averaoe :
, ,
H.etinnlCoolina OFHAlCA GFHAlCA : EBB/None : 2000 EBB/None : 2000
· EnenI\I Ellicientlteme Tvolcal TVDlcal : Tvolcal Tvolcal
Ga-aae/Cam<YI 1 Car Garaa. 1 C Intarl. Gar." : 1 000 Caraort , 1500 OSP : 4000
,
Porch, Patio, Deck, Porch.s/Patlo! Enclsd.Porchl . o Stoopa 3,000 Entry/Patio , 2,000
Firealace/sl. ate. Brzwv/FP PorchlFP ,
, ,
Fence PoaI ste. Non. Del Wrksha. , -8000 None : Non. :
,
: : :
N.t AdI. Itotall I 1+ IXI. '$ 21 051 I 1+ IXI. '$ 1500 I 1+ IXI. '$ 11900
Adjusled Sales Price Gross: 30.1 % Gross: 22.8% GroS&: 20.1%
ot Comoamble Net -11.5% $ 121 349 Net .1.2% $ 123 400 Net -8.8% $ 123100
Comments on Sal.s Comparison (including the subject property's compatibility to the neighborhaod, etc.): All comDarsbles are similar In stvle. utilitv.
and location to the sublect aroD.rtv. are verified closed sales and are the best currentlv availabl.. . Adlustment taken under
condition for lack of aDollances In sublect orooertv rto be sold seoaratllv at auctlonl-and condition of rooflna: all of the
comoarabl. sales had sam. uD-datlna comDI.lsd. .. Sinai. adlustment taken for aarlial basementllntearal aaraa.. Annual
adlustment taken at 4% for comoarabl. sal. over on. v.ar. Rano. of value Is S123 000 to S121 000.
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO.2 CCMPARABLE NO 3
Dal., Price and Cata
SoIree fa' IJior sales None None None Non.
M~in '8'" of :lCa:ll5lII CHR Courthouse Records Courthouse Recorda Courthouse Records
AnalY5,S of any CUlTent ageement at sale. option, or lisUng at the subject property and analySIS 01 any ~ sales of subject and ~abIes lMlIW1 one y.., of ft.e ,jate ot appriliSii:
No recent recorded transfers were found.
INDICA TED VALUE BY SALES COMPARISON APPROACH. . . . . . . . . . . . . . . . . . . . . . . . ....... .... .................$ 125 000
INDICATED VALUE BY INCOME APPROACH IW AlloIcallleI Estimated Mnet R.nt $ N/A .Mo.. Gress Rent MJ~~1ier N/A = S N/A
This appraiSal is I11alM i!J 'au" 0 subjeclblherepai'l. all.-allons. i1specbsorlD'dtlons i!ted teIow I-.J sulljectlo ~Ixln .e'l:.ans ard;peoblions.
Cood:1lcns of Aj:~3iSaI: Th. DrODertv has besn aooralsed in current condition. This aDoralsal fs for client onlv_ nontransferable. See
attached addendum.
F,cal R"""nc."aticn: Market Analvsls conslstentlv SUDDOrls mv esllmated market value. Cost ADoroach and GRM analvsis were
found InaoDroDrlat. for this analvsls. Greatest weioht Is aDDUed to the Market Data Analvsis. SUDDortina file Information
. substantiates these estimates.
re. ......e5e of lhos ".pra,salls 10 eSI,mat.lh. "'n.t value of the real property Ihatls the subject of this report. b,sed on the above cond,tions and Ite e&1.f.c.JOO11. cent.-"enl
3/1d !,mlJng cord, lions, and mn.t value defimton thal....stat.chllhealtad1edFredQe MacFam439lf.... Mae Form l004B iRavised 6/93 ).
I (WE) ESTIMATE THE MARKET VALUE, AS DefiNED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF 10/11/2008
. (WHICH IS THE DATE OF INSPECTION AND THE efFECTIVE DATE OF THIS REPORT) TO BE.S-125,000 .- _:---
APPRAISERj? ..,/, \J.i2......,...A.# SUI'ERVISORYAPPRAlstRt9'IFRE~,9I: C:C,d OOC,d NOI
Sioealur. .".-" _d .... . 0 ". Slgn~_. t./1J __.'
Na"'e Cassandra J. Crockett ./ N..". Steven W. Barrelt, SRPA, SRA :rs.ecl Pro;:erty
Dale Report Si~ned 10/2&/200& Date Report Sion.d 10/2&/2008
Stale Certlftcallon' RL-001348-L Slate PA Slale Certification. GA-000298.L Slate PA
Or Slate L.ea"se . Slate Or Slate L.eens. . RB-026921-A Slale PA
"_....."""0 &-13 Certified Resldenllal PAGE 2CF 2 Certified General Ai raiser Fannie t.tH FlnII1000t 6.~
Appraiser
SUMMARY APPRAISAL REPORT
UNIFORM RESIDENTIAL APPRAISAL REPORT
FiI. No 06.0465
,.,....-... ACI....... ~ 2311721'........._
S.W. Barrett R..d Feb.. Jt. a.........'... It^_..^^^
pp
CJ:ie No
SKETCH/AREA TABLE ADDENDUM
Property Address . 485 ~-",~th 5~!,~ ~~~H 51'"
City_ _~.~rli_l. . _. ._.__ ._.____ County Cumberland
~rro'Nor .John !-in~sev_. __ _'__ ___ _'__'__
.L.~"C:..nt John Lln!!-..L ___
!-pp"iliser ~l3me C..!!..~r~_.~.. ~_~~~_
.
.
Comments:
F ,10 No 06-0466
-----.
;:,p 17013
:Stew PA
WC Addreos 4447 Dunmore Drive, Harrisburg. PA 1711Z .________.
A.ppr Address
8oll1
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LIVING AREA BREAKDOWN
Breakdown Subtotal_
1080.00 I
. Cod.
'3LAl
i 5tiP
AREA CALCULATIONS SUMMARY
Dnaipdon Size
!'ir.t Ploor 1080.00
~orch 140.00
~orch 110.00
SrovzcwilY 111.\10
~...Uo 171.00
, GAR
1Ja.r..p
.26"'_ 00
TOTAL LIVABLE
(rounded)
"'~':.'.~()F"1N.RF 1IlJO.ti"8-......
----.---..-.----
Tolal.
1080.00
532.00
2:64.00
1080
!
i Firat "loor
30.0 "
36 0
1 Area Total (rounded)
Zelle: 1 = 12
1080
, ,......'~.IW.;..,..'!
--- -..... ..-.-,-,__...."""".n
Borrow~~.!!n Lindsey
property Address: 485 South Spring Garden Street
CitY" Carlisle
Lender: John Lindsev
File No.: 06-0465
Case No.:
State' p~u _ Zip: 17013
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date:Oc;tober 11, 2006
':'ppralsed '/alue: $
REAR View OF
SUBJECT PROPERTY
STREET SCENE
BorrC'Ner: John Lindsev
Property Address: 485 South Spring Garden Street
City: Carlisle. . _ _._. _ _ __
Larder: John Lindsev
File No,: 06-0465
Case No,:
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ZiQ 17013
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File No.: 06-0465
Case No.:
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Borrower: John Lindsey
Er_O~!.lY-.6dgC~S!:A~LSouth Spring Garden Street
Qty' Carlls~ _.
Lender: John Lindsey
State: PA
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COMPARABLE SALE #1
41 Camelot Drive
Car'isl.
Sale Date: 4/05 4%
Sale Price: $ 154,400
COMPARABLE SALE #2
27 Carlton Avenue
Carlisle
Sale Date: 8/06
Sale Price: $ 124,900
COMPARABLE SALE #3
10 Valley Street
Carlisle
Sale Date: 6/06
Sale Price: $ 135.000
LOCATION MAP
'.
Borrower: John Lindsev
Pro.Qerty.Ad~e~s~ 485 South Spring Garden Street
.'~;!'f ,9~U~I,e__
Lender: John Lindse
Stata PA
Zip: 17013
Fda No: 06-0465
Case No.:
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41 C AHELOT DR ~!05 ~ , BHOO 6 J
1 17 ~.:l.RL],C. AI'!: S/~6 114!-00 5 :!
3 10 VALLEY ST 6/06 135000 IS 3
Scale: 2.19 mIles
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1 1080
1.5 H72
1 53:!
1 .5 1350
Pre. .imit.
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File No. 06-0465
**........... QUALIFICATIONS *********
The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the
inspection of the subject property, the comparable. sale., and their neighborhoods and locations. Unless otherwise
noted the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET
VALUe OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home
inspection servlcl. This Is an appraisal to estimate market valul.
_1. The subject is located in a rural area and is less than 25% built-up.
_)1_2. Commercial/Industrial uses arl located within the subject's neighborhood. These uses iue typical of similar
neighborhoods.
_)1_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for
the area.
_4. The predominant value In the neIghborhood Is less than that of the market value of the subject property. This
is due to the very wide range at value ot properties In the area and superior quality ot the subject property.
_5. The subject property Is located In a F.E.M.A. Identified Flood Zone. Flood Insurance cover:lge Is required :lnd
suggested.
_8. Dampness Is noted In the b.sement ot the subject. StandIng or runnIng water was not present on basement
floor. This condition Is con.idered typical In dwellings ofthl. style.
_7. The SUbject property Is serviced by private wen andlor septic systems which Is common tor the area.
_x_8. The subject i. older than f1ve(5) yea,.. All mechanical system. including the heating, electrical and plumbing
systems appear upon a viaual ellterior inspection to be in working order. No warranties are implied in this statement.
_9. Repair Items were noted In the comments section ot the report. These comments on repair items are tor
descriptive purposes only and are not required repairs. The items listed are cosmetic in nature.
_10. The basement floor I. a dirt floor. This conditIon Is common and typical tor the area. and does not po.e a
health or satety hazard.
_11. The subject property does contain functIonal obsolescence as noted In the report. This condition I.
considered typical and common tor the area and thla style dwelling.
_12. The land value exceeda 30% ottotal value due to the high demand for vacant land In thl. neighborhood. This
condition Is considered common and typical tor the neighborhood.
_13. The land value exceeds 30% at total value. This Is due to the large size ot the site. This condition Is
considered to be typical and common.
_14. Individual adjustments were required that exceed 15%. Th... adjustments were required due to lack of more
similar comparable. on that Individual rating. All comparable. used are the best available.
_x_15. Total adjustments exceed 25%. This Is due to the lack at comparable sales that were more similar in the
subject's market area. All comparable. used are the best available.
_x_18, One or more comparable sales are older than slx(8) months. Although there are comparable properties in the
subject's area, none have sold recently; theretore, sales In excess ot slx(8) months have to be used. All com parables
used are the best available.
_17. One or more comparabl.. used were In exc..s ot one (1) mile trom the subject property. Although there are
comparable properties in the immediate area, none have sold recently. Theretore, it was necessary to use comparable
sales outside of the Immediate area. All comparables used are located in similar neighborhoods and within the same
marketing area. All com parables used are the best available.
_18. The electrical system was not connected during inspection.
_19. The wolter service was not connected during Inspection.
_20. The heating system wa. shut down during inspection.
_21. ROOtlng_p,umbin9-E,ectrlcal_Heatlng_certlficatIOn(s) Is/are suggested.
_22. lnground SWimming poo,_. out bUildings_are included_,not included according to lender's
guidelines. _
_23. According to lender's guidelines a maximum at_acres were considered tor this valuirtion. Remaining
acreage was given no value.
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F,'e ~Io. 06-0465
****"**** QUALIF leA TION S *********
_24. The subject property is located on a private road.
_25. Wood infestation inspection's suggested.
_ _26. Last recorded deed transfer: Date_N/A
. Consideration: S_N/A_.
_27. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like
manner.
_28. Seller is paying part or all of closing costs.
_x_29. All comparable sales are verified closed sales.
_x_30. There are no special conditions or other requirements that would affect market value or tuture marketability In
the Appraisal Report.
CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING
INSPECTION.
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File No. 06-0465
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 'Nell advised,
and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment
15 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 ident.fiable s.nce 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 markers reaction to the financing or concessions based on the Appraiser's judgment.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the
following conditions:
1. The appraiser will not be responsible for mallers of a legal nature that affect either the property being appraised or the title to it. The
appraiser assumes that the title Is good and marketable and, therefore, will not render any opinions about the titie. The property is appraised
on the basis of it being under responsible ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is
included only to assist the reader of the report In visuallzlng the properly 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 the appraisal report whether 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.
5. The appraiser has estimated the value of the land In the cost approach at Its highest and best use and the improvements at their
contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and
are invalid if they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, 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 normal
research involved in performing the appraisal. Unless otherwise stated In the appraisal report, the appraiser has no knowledge of any hidden
or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic
substances, etc. ) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no
guarantees or warranties, express or implied, regarding the condition of the property. 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 must not be considered as an environmental assessment
of the property.
7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she
considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such
Ilems that 'Nere furnished by other parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional
Appraisal Practice.
9. The appra,ser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satlsfactcry completion,
capan, or a,teratlons on the assumpbon that Comp/etion of the ,mprovements wi~ be performed in a workman:,ke manner.
1 O. T~e appraiser must provide his or ~er pnor""itten consent before Ihe lender/cl,ent speCified in the appraisal report can distr,bule the
appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to
Jny profess,onal appraisal organizations or Ihe firm with which the appraiser is associated) to anycne other than the borrower; the
mortgagee or ,Is successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally
approved rinanciallnstitution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia;
except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s)
Without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before
the appraisal can be conveyed by anyone to the public through advertiSing, public relations, news, sales, or other media.
Freddie Mac Form 439 6-93
Page 1 of2
Fannie Mae Form 10048 6-93
, . .
File No. 06-0465
APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that
1, I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate
to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the
market reaction to those items of significant variation. If a significant item in a comparable property is superior to , or more favorable than,
the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant Item in a
comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted
sales price of the comparable.
2. I have taken into considerallon the factors that have an impact on value in my development of the estimate of market value in the
appraisal report. I have not knowingly withheld any significant Information from the appraisal report and I believe, to the best of my
knOWledge. that all statements and information in the appraisal report are true and correct
J. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions. which are subject
only to the contingent and limiting conditions specified in this form.
4. I have no present or prospective Interest in the property that is the subject to 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 the
estimate of market value in the appraisal report on the race, color. religion, sex, 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.
5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my
compensation for performing this appraisal is contingent on the appraised value of the property,
6. I was not required to report a predetermIned value or dlrecllon in valu. that favors the cause of the client or any related party,
the amount of the value estimate, the attainment of a sp.ciflc result, or the occurrence of a subsequent event In order to receive my
compensation and/or employment for performing the appraisal. I dId not baSI the appraIsal report on a requested minimum valuation. a
specific valuatfon, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformlly wllh 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 as of the effective date of this appraisal,
with the excepllon of the departure proviSion of those Standards, which does not apply. I acknowledge that an estimate of a reasonable
time for exposure In the open market is a condition In the definilion of market value and the estimate I developed is consistent with the
marketing time noted in the neighborhood sectton of this report, unless I have otherwise stated In the reconciliation section.
8. I have personally Inspected the interior and exterior areas of the subject properly and the exterior of all propertias listed as comparables
in the appraisal report. I further cerllfy that I have noted any apparent or known adverse condillons in the subject improvements, on the
subject sile, or on any site within the Immediate vicinity of the subject properly of which I am aware and have mada adjUstments for these
adverse condillons in my analysis of the property value to the extent that I had market evldance to support them. I have also commented
about the effect of the adverse conditions on the marketability 01 the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were sat forth In the appraisal report. If I relied on
significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal
report, I have named such individual(s) and disclosed tha specifIc tasks performad by them in the reconciliation secllon of 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
the report; therefore, if an unauthorized change is mede to the appra/sai report, I will take no responsibility for it
SUPERVISORY APPRAISER'S CERTIFICATION: "a supervisory appraiser signed the appraisal report, he or she certifies
and agrees thaI: I directly supervise the appraiser who prepared the appraisal report. have reviewed the appraisal report, agree wilh the
statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 abova, and am taking
full responSibility for the appraisal and the appraisai reporl.
ADDRESS OF PROPERTY APPRAISED: 485 South Sprlna Garden Street. Carlisle. PA 17013
APPRAISER:
SUPERVISORY APPRAISER (only if required)
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SignatU"e: -5'. --- ....,j I L {/
Name: Steven W. Barrett. SRPA. SRA
Date Signed: 10/26/2006
Slate Cerlification it. GA-000298-L
Of' State License it. RB.026921-A
State: PA
Expiration Date of Certification Of' License: 06/30/2007
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S,gnature: .i I.d' ,~." l ~ ,..;Y.!d-"",.i-?, ~
~Jme: Cassandra J. CrOCkett.
Cate Signed: 10/26/2006
State Cer:,fication It. RL-001348-L
or Stale L.cense It.
State: PA
Expiration Date of Cerldication or License: 06/30/2007
Certlfled Resldenllal Appraiser
Freddie Mac Form 439 6-93
o Old 00 Old Not Inspect Property
Certlfled General Appraiser
Page 2 of 2
Fannie Mae Form 1004B 8-93
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Sovereign Bank
ESTATE OF
SOCIAL SECl'RITY #:
DATE OF DEATH:
Claire C Lindsey
192-14-6849
July 29, 2006
Account #: 2891036425 Type:
In the name of: Claire C Lindsey
Date of Death Balance:
Int.(YTD) from 1/1/2006 to
Accrued interest to date of death:
Other Info:
Checking
Open date: 8/31/1995
$10,567.64
7/26/2006
$2.29
$63.07
Account #: 2895383558 Type:
In the name of: Claire C Lindsey
Date of Death Balance:
Int.(YTD) from 1/1/2006 to
Accrued interest to date of death:
Other Info:
CD
Open date: 8/31/1995
$15,006.45
6/30/2006
$45.75
$267.17
Account #: 3385019579 Type:
In the name of: Claire C Lindsey
Date of Death Balance:
Int.(YTD) from 1/1/2006 to
Accrued interest to date of death:
Other Info:
CD
Open date: 1/24/2000
$2,728.81
6/30/2006
$11.33
$65.25
Page 1 of 1.
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August 22, 2006
TO: Law Offices of
Martson Deardorff Williams & Otto
10 East High St.
Carlisle, PA 17013
FROM: TOdd L. Miller
Cust. Service Specialist
P.O. BOX 250
SHIPPENSBURG PA 17257-0250
RE: ESTATE OF: Claire C. Lindsey
DATE OF DEATH: July 29,2006
IT IS HEREBY CERTIFIED THAT THE ABOVE NAMED DECEDENT HAD, ON THE ABOVE DATE, THE
FOLLOWING ACCOUNTS WITH ORRSTOWN BANK:
CHECKING ACCOUNTS
ACCOUNT NO. TITLE OF ACCOUNT DATE OPENED PRINCIPAL & ACCRUED INTEREST
146000415 Claire C. Lindsey 04/27/05 $980.53 $0.00
CERTIFICATES OF DEPOSIT
ACCOUNT NO. TITLE OF ACCOUNT DA TE OPENED PRINCIPAL & ACCRUED INTEREST
4000005988 Claire C. Lindsey 04/04/05 $13,040.75 $40.75
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S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES
Appraisals . Brokerage . Counseling
124-126 N. Hanover Street Carlisle, PA 17013-2455
Phone (717) 243-6646 FAX (717) 243-8627
Steven W. Barrett, SRPA. SRA, ASA
State Certified General Appraiser
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December 19,2006
Christcphcr Rice, Esquire
MDW&O
Ten East High Street
Carlisle, PA 17013
Re: 485 S. Spring Garden Street
Carlisle, Cumberland County
Claire Lindsey
Dear Attorney Rice;
The property of Claire Lindsey at 485 S. Spring Garden Street was appraised on October
11, 2006 for estate valuation. At the time of inspection the roof was observed to be at the
end of its useful life and in need of replacement. The existing wiring was also
determined to be of minimal functionality and in need of updating.
We hope this addresses your questions. Should you need additional information please,
do not hesitate to contact our office.
Sincerely,
/:~i-.L"~JL<L'L9 {~~cll~jL
Cassandra J. Croc't(ett
P A Certified Residential Appraiser
RL-001348-L
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