HomeMy WebLinkAbout04-11-07 (6)
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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 2 1 0 7
RESIDENT DECEDENT
File Number
0068
Date of Birth
201181418
01132007
08031923
Decedent's Last Name
MICKEY
Suffix
Decedent's First Name
PEARL
MI
G
(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
o 1. Original Retum
o 4. Limited Estate
[K]
o
6. Decedent Died Testate
(Attach Copy of Will)
0 2. Supplemental Retum 0 3. Remainder Retum (date of death
prior to 12-13-82)
0 4a. Future Interest Compromise 0 5. Federal Estate Tax Return Required
(date of death after 12-12-82)
0 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes
(Attach Copy of Trust)
0 10 Spousal Poverty creditidate of death 0 11. Election to tax under Sec. 9113(A)
. between 12-31-91 and -1-95) (Attach Sch. 0)
9. Litigation Proceeds Received
~ORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
ame Daytime Tele~one Number=?
EDMUND G. MYERS 717 7 61~4~4 0:'::; --,:
'0 \cc~ '
Firm Name (If Applicable)
JOHNSON DUFFIE
.11
First line of address
301 MARKET STREET
~~
Second line of address
w
o
r--
"Ii-~
City or Post Office
LEMOYNE
State
PA
ZIP Code
17043
DATE FILED
Correspondent's e-mail address:
Under penalties of perjury, 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.
SI AT E PER ON SPO LE FOR FILING RETURN DATE
Robert R Lauer Sr. J.j. -11- 01
224 State Street, Middletown, PA 17057
SIG RE OF EPARER OTHER THAN REPRESENTATIVE
EDMUND G. MYERS
DATE
1.J. '1-01
301 MARKET STREET, LEMOYNE, PA 17043
Side 1
L
15056041147
15056041147
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15056042148
REV-1500 EX
Decedent's Name: Pearl G. MICKEY
RECAPITULATION
Decedent's Social Security Number
201181418
1. Real Estate (Schedule A).......................................................................................... 1.
35,000.00
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.
19,189.53
6. Jointly Owned Property (Schedule F) D Separate Billing Requested............. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) D Separate Billing Requested............. 7.
74,741.97
128,931.50
7,282.44
333.06
8. Total Gross Assets (total Lines 1-7)....................................................................... 8.
9. Funeral Expenses & Administrative Costs (Schedule H)......................................... 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)................................ 10.
11. Total Deductions (total Lines 9 & 10)...................................................................... 11.
7,615.50
121,316.00
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.
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 14 taxable
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
121,316.00
0.00
15. 0.00
16. o . 0 0
17. 0.00
18. 18,197.40
19. 18,197.40
0.00
121,316.00
19. Tax Due........ ..................................................................... .................................. ......
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
D
Side 2
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15056042148
15056042148
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REV-1500 EX Page 3
Decedent's Complete Address:
File Number 21-07-0068
DECEDENT'S NAME
Pearl G. MICKEY
STREET ADDRESS
231 Plum Street
CITY I STATE IZIP
PA 17043
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. CreditslPayments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
18,197.40
909.87
3. InteresUPenalty if applicable
D. Interest
E. Penalty
Total Credits (A + B + C)
(2)
909.87
TotallnteresUPenalty (0 + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the 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 the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3)
(4)
(5)
(5A)
(5B)
17,287.53
17,287.53
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
o
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... 0
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ........................................................... ........ ................................................... [!J 0
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
1. Did decedent make a transfer and:
a. retain the use or income of the property transferred;..................................................................................
b. retain the right to designate who shall use the property transferred or its income;....................................
c. retain a reversionary interest; or....................... .............. .............................................................................
d. receive the promise for life of either payments, benefits or care?..............................................................
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration? ..................... ......................................................... .........................................
Yes No
0 [!J
0 [!J
B ~
.' f
[!J
[!J
" >iiI _. .. '~~ .~
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)l.
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) (ii)l. The statute does not exemDt a 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. 99116 (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.S. 99116 1.2) [72 P.S. 99116 (a) (1)].
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. 99116 (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.
Rlv-1&02 EX+ (6-98)
.
SCHEDULE A
REAL ESTATE
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MICKEY, Pearl G.
FILE NUMBER
21-07-0068
All ....1 proplrty ownld sollly or .s . ten.ntln common must bl reported It fair m.rkl! vllul. Fair market value is defined as the prtce at which property would be
exchanged between a willing buyer and a willing seller. ne~her being compelled to buy or sell. both having reasonable knowledge of the relevant facts,
RI.I proPlrty which II Jolnlly-ownld with right of survivorship must bl dlsclosld on schldull F.
ITEM
NUMBER
1
DESCRIPTION
Residence located at 231 Plum Street, Lemoyne, PA - Deed Reference No. E33-325 &
E-15-404. Tax Assessment No. 12-22-0822-096 & 12-22-0822-095. Property
appraised by B.A. McConnell, Certified Appraiser. Appraisal is attached to this
Return
VALUE AT DATE'
OF DEATH
35,000.00
TOTAL (Also enter on Line 1, Recapitulation)
35,000.00
(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-16G8 tX+ (&-98)
.
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MICKEY, Pearl G.
FILE NUMBER
21-07-0068
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property Jolntly-owned with the rlllht of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 PNC Bank Certificate of Deposit Account
VALUE AT DATE
OF DEATH
8,869.16
2 PNC Bank Checking Account No. 51-4004-3064
10,320.37
TOTAL (Also enter on Line 5, Recapitulation)
19,189.53
(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-1610 b+ (6-98)
.
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEAlTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MICKEY, Pearl G.
FILE NUMBER
21-07-0068
This schedule must be completed and filed ~the answer 10 any of questions 1 through 4 on the reverse side oflhe REV-1500 COVER SHEET is yes.
ITEM 'JIUNOF T DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE
NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE
THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE.
1 Metlife Insurance Company Annuity No. 74.741.97 74.741.97
A2065446 - Beneficiary: Robert R. Louer, Sr
TOTAL (Also enter on Line 7, Recapitulation) 74.741.97
(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 G (Rev. 6-9B)
, REV-1151 Ex+ (12-99)
*'
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MICKEY, Pearl G.
FILE NUMBER
21-07-0068
Debts of decedent must be reported on Schedule I.
ITEM DESCRIPTION AMOUNT
NUMBER
A. FUNERAL EXPENSES:
See continuation schedule{s) attached 4,536.00
.--- .
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
. .
City State Zip
-
Year(s) Commission paid
2. Attorney's Fees Johnson Duffie 1,000.00
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4. Probate Fees 189.00
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. Other Administrative Costs 1,557.44
See continuation schedule{s) attached
TOTAL (Also enter on line 9, Recapitulation) 7,282.44
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H (Rev. 6-98)
i Rlv-1502 EX+ (6-98)
.
SCHEDULE H.A
FUNERAL EXPENSES
continued
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MICKEY, Pearl G.
FILE NUMBER
21-07 -0068
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Church Donation
180.00
2
Myers Funeral Home, Inc.
4.356.00
Subtotal
4.536.00
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-A (Rev. 6-98)
Rev-1502 Ex+ (6-98)
*'
SCHEDULE H-B7
OTHER
ADMINISTRATIVE COSTS
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MICKEY, Pearl G.
FILE NUMBER
21-07-0068
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Cumberland County Register of Wills Office - Filing Fees for Inheritance Tax
($15.00) and Inventory ($15.00)
30.00
2 Executor Expenses for Sale of Residence 600.00
3 Maintenance of Residence 367.42
4 The Appraisal Firm - Appraisal of Residence 325.00
5 The Cumberland Law Journal - Notice of Estate Administration 75.00
6 The Patriot News Company - Notice of Estate Administration 160.02
:. J
Subtotal
1.557.44
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-B7 (Rev. 6-98)
Rev-1612 EX+ (6-98)
*'
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MICKEY, Pearl G.
FILE NUMBER
21-07 -0068
. i
Include unrelmbursed medical expanses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 Faith A. Nicola, Tax Collector - 2007 Real Estate Taxes for Lot, Assess No. 12001242 113.52
2 Faith A. Nicola, Tax Collector - 2007 Real Estate Taxes for Residence, Assess No. 209.74
12001244
3 Faith A. Nicola, Tax Collector - 2007 Personal Tax 9.80
TOTAL (Also enter on Line 10, Recapitulation)
333.06
(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.1613'EX+ ('..00)
.
SCHEDULE ..
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
NUMBER
MICKEY, Pearl G.
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal
C1istributions, and transfers
under Sec. 9116(a)(1.2)]
Paula Russell Hildebrandt
PA
RELATIONSHIP TO
DECEDENT
Do Not List T",stee(s)
FILE NUMBER
21-07 -0068
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
I.
Niece
1/4th of
Residue
Eugene Ellis Louer Sr.
PA
Nephew
1/4th of
Residue
Robert Ray Louer Sr.
PA
Nephew
1/4th of
Residue
Terry Lee Louer Sr.
PA
Nephew
1/4th of
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)
ESTATE OF PEARL G. MICKEY
SCHEDULE OF EXHIBITS
EXHIBIT A Last Will and Testament signed by Pearl G.
Mickey on June 4'h, 1976.
EXHIBIT B Appraisal of property located at 231 Plum Street,
Lemoyne Borough, Cumberland County
:295302
1!Iasl1Dill aub illeslament
OF
PEARL G. MICKEY
I, PEARL G. MICKEY, of the Borough of Lemoyne, Cumberland
County, Pennsylvania, make, publish and declare this to be
my Last will and Testament, hereby revoking and making void
any and all former wills by me at any time heretofore made.
1. I direct payment of my debts and funeral expenses as
soon after my death as convenient to my Executor hereinafter
named.
2. I make the following bequests of specific items of
personal property:
A. To Robert Ray Louer, Sr., Middletown,
Pennsylvania, one captain chair and kitchen set
with five wooden chairs;
B. To Terry Lee Louer, Sr., Middletown,
Pennsylvania, one straight chair and one marble
top drop-leaf table;
C. To Eugene Ellis Lauer, Sr., of Middletown,
Pennsylvania, one small wooden gate-leg table and
one miniture dry sink;
D. To Paula Russell, of New Cumberland,
Pennsylvania, two black wooden rockers and one
deacon bench.
3. I direct my Executor to sell at public or private sale,
as he may determine, the remainder of my property, real and
personal, and I give and bequeath the funds received from such
sales in equal shares to my niece, Paula Russell, and my nephews,
Eugene Ellis Louer, Sr., Robert Ray Louer, Sr., and Te~!i{ Lee;;~
--'
La ue r, Sr.
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4. I name, constitute and appoint my nephew, Robert Ray
Louer, Sr., to be the Executor of this Nill. In the event
that G~e said Robert Ray Louer, Sr. shall predecease me or
for any reason not qualify as such Executor, or, having
qualified, shall die, resign or be removed, I name, constitute
and appoint my niece, Paula Russell, to be the Executrix of
this will.
IN WITNESS WHEREOF, I have hereunto set my hand and seal
. (J-I'/ d
thlS I./I_,t.-- ay of June, 1976.
/~(/re. x-J )1 ~~~_AiCJt.
'..' Pearl G. Mic,ey
(SEAL)
Signed, sealed, published and declared by the above-named
Testatrix, as and for her Last will and Testament, in the
presence of us, who, at her request, in her presence and in the
presence of each other, have hereunto subscribed our names as
wi tnesses.
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THE APPRAISAL FIRM
File No. 07000134
APPRAISAL OF
SINGLE FAMILY RESIDENTIAL PROPERTY
LOCATED AT:
231 PLUM STREET
LEMOYNE, PA 17043
FOR:
BORROWER:
ROBERT LOUER SR.
AS OF:
JANUARY 31, 2007
BY:
B.A. MCCONNELL
CERTIFIED APPRAISER
19 WEST MAIN STREET, MIDDLETOWN, PA 17057 717-944-0620, FAX 717-948-9383
THE APPRAISAL FIRM
F~e No. 07000134
01/31107
File Number: 07000134
fO 'M-iOM IT MAY CONCERN:
In accordance with your request. J have appraised the real property at:
231 PLUM STREET
lEMOYNE, PA 17043
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 JANUARY31,2007
is:
$35,000
THIRTY-FIVE THOUSAND DOLLARS
The attached report contains the description. analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs. limiting conditions and appropriate certifications.
SINCERELY,
?J 12. 'o/~~
B.A. MCCONNEll
CERTIFIED APPRAISER
Rl.oD0566-L
19 WEST MAIN STREET, MIDDLETOWN, PA 17057 717-944-0620, FAX 717-948-9383
1-
THE APPRAISAL FIRM
Fie No. 07000134
"."""INVOICE .........
file-Number: G70lID134
0211612007-
I
IT
II
19 WEST MAIN STREET, MIDDLETOWN, PA 17057 717-944-D620, FAX 717-948-9383
SUMMARY REPORT OF A COMPLETE APPRAISAL
The purpose of this summa.. appraisal report is to provide the lender/client with an accurate. and adeouatelv suooorted. opinion of the market value 01 the subiect oropertv.
PtocJertv Address 231 PLUM STREET Citv LEMOYNE State PA Zin Code 17043
BoIrower ROBERT LOUER SR. Owner 01 Public Record CLARENCE MICKEY County DAUPHIN
Leaal DescrlOOon DEED REFERENCE NUMBERE33-325 & E-l6-404
Assessor's Parcel # 12-22-ilB22-096 &12-22-ilB22-il95 Tax Year 2007
Noinhborbood Name LEMOYNE BOROUGH MaD Reference 2B4B-G-il1 ADC MAPS
Olnmart I IOwner I henan! Ixlvacart SIledalAssesslnents$ NONE I IPIlo
Prf'i('fFee.sirnoi.; I leasehold r l Other (desaibel
Assionment Twe I I Purchase Transaction r 1 Retinance Transaction r xl Other fdescrilel ESTATE
lender/Cienl N/A Address N/A
Is the SlJbiect offered for sale or has k been offered for sale in the twelve months """' 10 the effective date 01 this aooraisal? r lves I x I No
Report data SOlI'ce{s) used. offering price(s). and dale(s). SEE ATTACHED ADDENDUM
Uniform Residential Appraisal Report
File No. 07000134
R.~. Taxes S 1,000 EST.
Census Tract 106.00-3240
HOA S N/A Iloor year r 1 Del morth
I U did lXJ did not analyze the contract for sale for the sul!ject purchase transaction. Explain the results 01 the analysis 01 the contract for sale or v.f1y the analysis was not performed.
N/A
COIJIract Price $ N/A Oate01 ContractN/A IsthellfOllellVseHertheownerol"IOhlicrecord? lives I INo OataSourcels\ N/A
Is there any financial assistance (loan charges. sale concessions. gift or downpayment assislance. etc.) 10 be paid by any party on behaf of the borrower? UVes UNo
If Yes. report the Iolal dollllr amount and descrile the kerns 10 be paid. S N/A N1A
Note: Race and the raclal comoasitlon of the nelahborhood are not a isal factors.
~;~~ti~])i~'it;jlf " .
Location I 1 Urban I X 1 StdJurban I I Rural Prooertv Values I X Iln~.c;"n I I Stable
_-UP r 10Ver75" Ix125-75" I I Under 25" OemandlSuooIv I IShortaoe IXlinBalance
Growth r 1 Rapid I xl Stable I I Slow M~ Tilne f I Under 3 mtl1s I X 13-6 mths
Neighborhood Boundades SEE ATTACHED ADDENDUM
Declininn
OVer SUooIv
OVer 6 mtI1s
PRICE AGE
$(OODI /"",)
75 low
1500 Hioh
100-150 Prad.
One-Unk
2-4 Una
o Mufti-Familv
250 Conmercial
50-99 Other VAC
76% "
5% "
5% "
5% "
10% "
Neighborhood Oescsiption SEE ATTACHED ADDENDUM
Markel Conditions (mc1uding support for the above conclusions) SEE ATTACHED ADDENDUM
Dimensions REFER TO DEED An!a.30 ACRE Shaoe RECTANGULAR VIeW AVERAGE
Soecioc Zormo C1assificalfon COMMERCIAL Zoninn De....ri"'"'" SEE ATTACHED ADDENDUM
Zonino CornoUance I X leoal Illeoal Nonconformino (Grandfathered Usel r 1 No Znffinn r ll""'"'1 ldesaibel
15 the highesland best use 01 the sul!ject property as Improved (or as proposed per plans and specifications) the present use? lXJVes UNo UNo. desaibe. SEE ATTACHED
ADDENDUM
UtIlities Public Other (desaibel Public Other fdescribe) QIf-site Imorovements- Tv... Public
. . r Xl r l Water r ] xl ON SITE Street ASPHALT r X 1
Gas r l Ixl PROPANE SanftaNSewer [xl 1 AlIev NONE r I
FEMA Suedal Fiood HazanfArea r lves rX1No FEMA Fiood Zone ZONE "C. FEMA Map I 420361-ilOOB FEMA MaD Dale 12104179
AretheUlilitiesandolf-sfte' Ifor the marlcel area? 'xlves 11No IfNo.desaibe.
Are there any adverse site CllI1lItIons or external factors (easements. encroachments. environmental conditions. land uses. etc.)? lXl Yes 0 No U Yes, describe. SEE
ATTACHED ADDENDUM
Prlvat I
II
r l
,)i1A\)f;~i,,:.;6~4ie&EAAf)p"'S:CRIPri6ijl;Ni.;,~q\(1,;i;2i!'>>j;,',i:J:i;f6u~j)Aifoti,;;i'!.;.c}:;;':\.ij:: ;~Xf~Riii~;i\l!4~ittiBN1({ilDiiwSlClJilliiiiiiJ\'i ?tNliRlQ!t'};;:;~;t;im~~tii;;~:
Unfts IxlOne 'lOnewilh"",,",,'WVUnk lConcreteSJab I lCrawlSDlIce FoundalionWalls CON. BLOCKlAVG. Floors WWNlNIHW/AVG.
100Stories ONE IfXIFulBasement I IpaRia/Basement ExteriorWalls VINYUAVG. Walls PLASTER/AVG.
T.... IxlOet. I IAIl. [ IS-OeUEnd Unil BasementArea 390 so. It Roof Surface SHINGlEIAVG. Trinlfonish PAINTED/AVG.
Xl....... I !PlOoosed flUnderConsL BasementFJnish50 "G.-s&nn..n...;.~ALUMINIUMlAVG. BalhFloor VINYUAVG.
Desion (Stvlel BUNGAlOW xlOUlside EmvlFu 'lslIJIO Pump Window T- WOOD D. H.lAVG. Bath Wainscot NONE
Year Built 1940'S EWfence 01 r Ilnfestation Storm SasMnsulaled YES Car Storaoe I X I None
Effective Age (Yrs) 40 100mfll1l!<s I Settlement SCleens YES 1 Drivewav I of Cars
Altic None HeatinnlXIFWAII IHWBBII [Radiant Amenities WoodStovefsl# llr1vewavSudaceNONE
JDrDtlStair Stairs I Other I Fue/OIL 1 RreoIace/s)I Fence lGaraoe lolCars
J Floor X Scuttle Coolino r lcentral At CondlIionino I PaIiolOeck X Porch ENCLSDlr....... 101 Cars
IFmished Healed lindividual II IOther I Pool Other lAtt. f lOet. rlBuill-in
-,,- IxlRefrioerator IXlRanoelOven IDlshwasher I 10is00sa1 I IMicrowave I IWasher/O_ Otherldescribel
FonIshed area above orade contains: 3 Rooms 1 Bedrooms .5 Bathlsl 390 SotnIre Feet of Gross Wno Area Above Grade
Additional feabJres (special energy ellidenl kerns. etc.). SEE ATTACHED ADDENDUM
Describe the condition 01 the property Qnc1udlng needed repairs. deter_. renovations. remodeling. etc.). SEE ATTACHED ADDENDUM
Are there any physical deficlencies or adverse conditinns that affect the livabilly, soundness. or SlrUClUraI irfeglity 01 the property? lxJ Yes U No U Vas. describe. THE
SUBJECT LACKS A FULL BATH ON THE FIRST FLOOR. THERE IS A TUB IN THE BASEMENT WHICH HAS NOT BEEN USED FOR A LONG TIME
AND HAS PLUMBING LEAKS.
Does the property generalycooform to the neighborhood (functlonal utility. style. condition. use. construction. etc.)? Dves lXlNo UNo. desaibe. THE SUBJECT HAS ONE
BEDROOM AND NO FUll BATH WHICH HAS AN EFFECT ON VALUE AND MARKETABILITY. ALL THE ROOMS ARE VERY SMALL DUE TO THE
SUBJECT HAVING ONLY A POWDER ROOM. THE SUBJECT WOULD NOT QUALIFY FOR CONVENTIONAL FINANCING IF SOLD. THIS HAS AN
ADVERSE AFFECT ON VALUE AND MARKETABILITY.
Fr~ Mac: Form 10 March zoos
ProcIuttCIIISlllgAO~~.8727WWlUtirM1b.com
Fame Mae Fonn 1004 Mardl2005
lWM_OSIl6Z9ll6
_3
$ 95.59 SIl. n.
MLS/COURTHOUSE
COURTHOUSE RECORDS/MLS
DESCRIPTION .(.J 1_
CONVENTIONAL
NONE KNOWN
0613012006
-25 000 SUBURB/SUPER.
FEE SIMPLE
+5000 .15ACRE
AVERAGE
1 STORY/AVG
NO ADJ. BRICKlAVG.
NO ADJ. 56 YEARS
AVERAGE
T....I......J .....
-3,500 4 1 2 1 1.00
-2080 B16 sa. n.
+2,500 NO BASEMi;:NT
+500 N/A
-6000 AVERAGE
NO ADJ. FWAINONE
SIMILAR
NONE
NO ADJ. DECK
NONE
SUMMARY REPORT OF A COMPLETE APPRAISAL
Uniform Residential Appraisal Report
File No. 07000134
There are 0 COIIIIlOIllble orooerties tulTenllv oIIered for sale in the subject neiQhborhood ranaino in Illite (rom $ 0 to $ 150 000
Th...e are 0 comoarable sales in the ""'ect within the oast twelve months ra [Jinq in sale Dlice!rom $ 0 to $ 150 000
FEATURE 1 SUBJECT COMPARABlE SAlE NO.1 COMPARABLE SAlE NO.2 COMPARABLE SALE NO.3
231 PLUM STREET 501 TERRACE DRIVE 122 CHESTNUT STREET REAR 17 BIRCH STREET
Address LEMOYNE NEW CUMBERLAND MECHANICSBURG MECHANICSBURG
Proximltvlo SUbiect'j, ..... .. ....':/:,.../)j.1 1.6 MI SE 6.2 MI WSW 6.B MI W
Sale Prke $ N/A $ B9 900 $ 65 000
::LW._ ;;0.00 .n. ~L~~~~~;~~.~:};:\:iN";':'{)J;~ ~Ls;~~~~;~~C~~:i'\;1i';:\,;:;;:'W;"
Verification SoIBcelsl COURTHOUSE RECORDSIMLS COURTHOUSE RECORDSIMLS
VALUEAOJUSThlENTS DESCRIPTION DESCRIPTION .(.11_ DESCRIPTION 'HI_
Sale or FV1ancing CONVENTIONAL CONVENTIONAL
Concesslons NONE KNOWN NONE KNOWN
Dale a/ SaIelT'IlII8 02101/07 OBI3OI2006
Location SUBURBAN SUBURBISUPER. -25000 SUBURBlSUPER.
LeasehoIdIFee Simole FEE SiMPLE FEE SIMPLE FEE SIMPLE
She .30 ACRE .15ACRE NO ADJ. .04ACRE
Voew AVERAGE AVERAGE AVERAGE
· Desion !Stvlel 1 STORY/AVG 1 STORY/AVG 1 STORY/AVG.
· 0lIaIItv 01 GonstrucIIon FRAMElAVG. FRAMElAVG. NO ADJ. FRAMElAVG.
AcWaI Me 67+1- YEARS 57 YEARS NO ADJ. 7B YEARS
CondRIon AVERAGE AVERAGE AVERAGE
Above Grade TlIbI I.....J Ba1hs TlIbI 1.-1 Balhs T.... 1.......1 .....
Room Count 311 1 .5 4 121 1.00 -3500 4 12 1 1.00
Grossl...._1D.00 390 "'.n. 700 sa.ft. -3100 598 SQ.ft.
Basement & Frisbed FULL BASEMENT NO BASEMENT +2,500 NO BASEMENT
Rooms Below Grade 50% FINISHED N/A +500 N/A
Functional UtiItv INFERiOR AVERAGE -6 ODD AVERAGE
HealinolCooIino FWAlNONE FWAINONE NO ADJ. EBBINONE
Enerov EllIcient Items STORM UNITS SIMILAR SIMILAR
Garaae/Carnorl NONE NONE NONE
Pon:hlPatioIDeck SMALL ENCD POR NONE NO ADJ. OUTBUILDINGS
OTHER NONE NONE NONE
DAYS ON MARKET 93 4
Net AdiUSllllel1l lTotall fl. fxJ- 1$ 33600 1 J. Ixl. 1$
^"usted Sale Price Net ^". -37.4% Net Adj. -42.4% I
01 cornoarables Gross All. 44.0% $ 56 300 Gross Ad 67.0% I $
I lxJdid U did not researcb !he sale or transfer histOl)' a/!he suqect property and ~arable sales. K not. explain
9
27580 1 I. Ixl- 1$
NetA<!j. -44.6% I
37420 GrossAdi. 52.3% 1$
7B 000
-25 000
NO ADJ.
NO ADJ.
NO ADJ.
-3500
-4 260
+2,500
+500
-6 ODD
NO ADJ.
NO ADJ.
34760
43240
Nv research ldid 1 X ldid not rewa! anv Illior sales or transfers of the sub'ect DrOoertv lor !he three vears orior to the effective dale of this appraisal.
Data so..-ce!sl COURTHOUSE RECORDS
Nv research I did I X did not reveal anv Dlior sales or transfers of the comoarabJe sales lor the vear Dlior to the date of sale of the comparable sale.
Dala source/51 COURTHOUSE RECORDS
Reoort!he rl'SIIIts of the research and analYsis of !he Dlior sale or transfer histor/ 01 the subiect DlOOenv and COlI Jarable sales freoort additional prior sales on oaQe 3).
ITEM SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SAlE NO.2 COMPARABLE SALE NO.3
Date of Prior Sal&'Transler OVER 3 YEARS OVER 1 YEAR OVER 1 YEAR OVER 1 YEAR
Price of Prior Sal&'Transfer NIA N/A N/A N/A
Data -5\ COURTHOUSE RECORDS COURTHOUSE RECORDS COURTHOUSE RECORDS COURTHOUSE RECORDS
Effective Date of Data Sourr.plsl DATE OF THIS APPRAISAL DATE OF THIS APPRAISAL DATE OF THIS APPRAISAL DATE OF THIS APPRAISAL
Analysis of prior sale or transfer hislOl)' of the sul!ject property and ~rable sales N/A
SUmmary 01 Sales Comparison Approach. SEE ATTACHED ADDENDUM
Indicated Value bv Sales CllIIlO8rison Amrnach $ 35 000
Indicabod Value hv. Sales Comoarlson Ann-oach $ 35 000 Cost Aonroach til developed) $ 30,000 Income Aooroach tit deveIooed) S
THE SALES COMPARISON APPROACH TO VALUE IS CONSIDERED TO BE THE MOST ACCURATE METHOD OF DETERMINING MARKET VALUE.
THE REPRODUCTION COST APPROACH is USED TO SUPPORT VALUE. NOT ENOUGH HOMES lN THIS VALUi;: RANGE ARE RENTED TO USE
THE INCOME APPROACH TO DETERMINE VALUE.
This appraisal Is made lxJ"as is," U suiject to compIetioo per plans and speclicatlons on the basis 01 a hypoIhetical condlllon that !he Improvements have been completed.
o suiject to the IoIIaooing repairs or alterations on the basis of a ~I condition that the repais or alteratioos have been completed. or Osulject 10 the following required
Inspectilll based on the extraordinary 8SSIIIIlIlIIoo that the conditilll or defICiency does not requie aleration or repair: SEE ATTACHED ADDENDUM
Based on a complete visual inspection of the Interior and exterior areas of the subject propert)'. defined scope of work, statement of assumptions and limiting
conditions, and appnl!liser's certification. my (our) opinion of the market value. as defined, of the real property that is the subject of this report is $ 35,000
as d 01/3112007 . which Is the date of Insoection and the effective date of this aooraisal.
F,eddieMaefcm 10 Nln:h200s
ProducedIlSlll9ItQ~2':f4.Bn7~QlIII
The Appraisal Firm, Realty
LI
FamIe Mae Form 1004 MBrch 2005
1004315012106
,:"','.'
Provide adenuale information lor the 1end../cIienlto replicate the below cost flOures and calaJIalions.
SlIpporllor the opinion of site value (SlI1IIIIary of comparable land sales or other methods lor estimating site value) SEE ATTACHED ADDENDUM
ESTIMATED L J REPRODUCTION OR l J REPLACEMENT COST NEW OPINION OF SITE VAlUE.. .. ...... ...... .. .. ...... .... .. .. ....... $ 30 ODD
SoIlrte of to5l dala DwelIinq 390 So. Fl @ $ .............$ 0
I 0uaIiIv ratiM ~orn cost service Effective date ri cost data BSMT: 390 SQ.FT. So.Fl@$ ... .......... $ 0
Comments on Cost Aooroach lwoss IiviI1!l area calculations, deoreciation. etc.)
THE COST APPROACH IS NOT AN ACCURATE METHOD OF GaraoelCarport 0 So.Fl@$ ............. $ 0
DETERMINING VALUE. THIS IS DUE TO THE AGE OF THE Tolal Estimate ri Cost-New ............= $ 0
STRUCTURE. THE OLD/OUTDATED METHOD OF CONSTRUCTION less 60 PlMical I FIIlCtionaI I EXl...al
INCLUDING OUTDATED CONSTRUCTION MATERIALS CAN NOT BE I Deoreciation 66% I I = $ ( 0
COSTED OUT WITH ACCURACY. THESE OLDER BUILDINGS MAY I Deoreciated Cost of lmorovements.... ...................... ...... = $ 0
CONTAIN FUNCtiONAL AND PHYSICAL OBSOLESCENCE 'lVI-flCH ARE .As-is.ValueofSitelll1ll<ovemenls................................ = $
NOT ACCEPTABLE IN TO DAYS MARKETPLACE.
Estimated ~~lconornic lie tHUD and VA~ 20 Years IN.AlUE BY COST APPROACH. .. .. .. .. ...... .. .. .. . = $ 30 ODD
III Estimated MonIhIv Markel Rent $ X Gross Rent MLitipljer N/A . $ 0 Indicated Value bv Income Aooroach
. SUmmary oIlncorne Approach Om:luding support for market rent and GRM)
: ,j':'.),
! Is the deveIooerlbuilder in tohIrol 01 the Homeowners' Association (HOAI? l )yes l JNo UniltvPels) I JDetached I IAI1ached
ProWIe the loIowino information for PUDs ONLY rthe deveIooerlbuild.. is in control of the HOA and the subject orooertv is an attached dwellino unit.
leoal name ri oroiect
Tolal number ri Dhases Total number of units Total numb.. of units sold
Tolal number of units rented ToIal number 01 units lor sale Data soorce/s)
Was thelll'oiect aeated by the conversion of an existlnnhuildinnfs) into a PUD? L Jyes LJNo ff Yes. dale of conversion.
Does the oroiect contain any nwlti-dwel1inq units? L JYes I INo Data source(s)
N. the units. com,""" ell<Oenls. and reaeation facilities coR1pIele? UYes UNo If No. descnbe the status of completion.
Pte the common elements leased 10 or by the Homeowners' Association? UYes UNo If Yes. describe the rentaltemlS and options.
Describe common elements and recreatiof)al facilities.
FledlIe Mac f omr 70 March z005
SUMMARY REPORT OF A COMPLETE APPRAISAL
Uniform Residential Appraisal Report
File No. 0?000134
PnMlIcctIu.sng ACI~3'r4.l1l1"W.uclwllb.com
Fame Mae Form 1004 Mardl2005
1004_050&ZI06
t/
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SUMMARY REPORT OF A COMPLETE APPRAISAL
Uniform Residential Appraisal Report
File No. 07000134
This report fonn is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a
unit in a planned unit development (PUD). This report fonn is not designed to report an appraisal of a manufactured home or a unit
in a condominium or cooperative project.
This appraisal report is subject to the following scope ofwork, intended use, intended user, definition of market value, statement of
assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user,
definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work
to include any additional research or analysis necessary based on the complexity of this appraisal assignment Modifications or
deletions to the certifications are also not pennitted. However, additional certifications that do not constitute material aiterations
to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an
appraisal organization, are permitted.
SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report fonn, Including the following definition of market value, statement of assumptions
and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the
interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at
least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis,
opinions, and conclusions in this appraisal report
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of
this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the lender/client
DEFINmON 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 well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for
exposure in the open market; (4) payment is made in tenns of cash in U. S. dollars or in terms of financial arrangements
comparable thereto; and (5) the price represents the nonnal 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 nonnally paid by sellers as a result of tradition or law In a market area; these costs are readily
identifiable since 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 tenns 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 market's reaction to the financing or
concessions blilsed on the appraiser's judgment
STATEMENT OF ASSUMPTIONS AND UMITING CONDITIONS: The appraiser's certification in this report is subject to the
following assumptions and limiting conditions:
1. The appralser will not be responsible for matters of a legal nature that affect either the property being appraised or the title
to it, except for information that he or she became aware of during the research involved in performing this appraisal. The
appraiser assumes that the title is good and marketable and will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The
sketch is included only to assist the reader in visualizing the property 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 this appraisal report whether any portion of 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, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs. deterioration, 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 research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no
knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to,
needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that
would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or
warranties, express or implied. 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, this appraisal report must not be considered as an environmental assessment of the property.
6. The appraiser has based his or her appraisal report and valuation conclusion fOr an appraisal that is subject to satisfactory
completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be
perfonned in a professional manner.
=reildleMac.TlllTn70 Miltch 2005
Produe>>dLlSIngACI~4?62$4.8727_..clwtb.Cllm
Fame Mae arm 1004 March 2005
1004_05 082908
,
SUMMARY REPORT OF A COMPLETE APPRAISAL
Uniform Residential Appraisal Report
File No. 07000134
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this
appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of
the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability,
soundness, or structural integrity of the property.
3. I performed this appraisal in accordance with the requirements of 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 at the
time this appraisal report was prepared.
4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison
approach to value. I have adequate comparable market data to davelop a reliable sales comparison approach for this appraisal
assignment I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise
indicated in this report.
5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale
of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property
for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the
date of sale of the comparable sale, unless otherwise indicated in this report
7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
B. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home
that has been built or will be built on the land.
9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
property and the comparable sales.
10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11. I have knowledge and experience in appraising this type of property in this market area.
12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
services, tax assessment records, public land records and other such data sources for the area in which the property is located.
13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
reliable sources that I believe to be true and correct.
14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have
noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of
hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property
or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in
my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject
property.
15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
statements and information in this appraisal report are true and correct
16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are
subject only to the assumptions and limiting conditions in this appraisal report.
17. I have no present or prospective interest in the property that is the subject of 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 opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, 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 or on any other basis prohibited by law.
18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned
on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined
specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the
attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan
application).
19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on
significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the
preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in 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 this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.
20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered
and will receive this appraisal report.
Freddil! Mac em 10 March 2005
Produced using ACl SO~~~l$4.8727 www....w..b.COf'II
Fame Mae FOOl! 1004 Marth 2005
1C104_OS 062908
1
/
SUMMARY REPORT OF A COMPLETE APPRAISAL
21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower;
the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprises; other secondary market
participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality
of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or
supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or
distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other
media).
22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws
and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that
pertain to disclosure or distribution by me.
23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers,
govemment sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any
mortgage finance transaction that involves anyone or more of these parties.
24. If this appraisal report was transmitted as an 'electronic record" containing my 'electronic signature,' as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal
report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a
paper version of this appraisal report were delivered containing my original hand written signature.
25. Any intentional or negligent misrepresentation(s} contained in this appraisal report may result in civil liability and/or criminal
penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sedion
1 001, et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:
1. I diredly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
analysis, opinions, statements, conclusions, and the appraiser's certification.
2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis,
opinions, statements, conclusions, and the appraiser's certification.
3. The appraiser identified in this appraisal report is either a sub-contrador or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies with 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 at the time this appraisal
report was prepared.
5. If this appraisal report was transmitted as an 'electronic record" containing my 'electronic signature,' as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal
report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a
paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature:I:J. t2 'd;-e&n".""d Signature
Name B.A. MCCONNELL Name
Company Name THE APPRAISAL FIRM Company Name
Company Address 19 WEST MAIN STREET Company Address
MIDDLETOWN, PA 17057
Telephone Number 717-944-D620 Telephone Number
Email Address Email Address
Date of Signature and Report 0211812007 Date of Signature
Effective Date of Appraisal 01/3112007 State Certification #
State Certification # Rl-ooD566-l or State License #
or State License # State
or Other (describe) State # Expiration Date of Certification or License
State PA
Expiration Date of Certification or License 06-30-07
CERTIFIED APPRAISER
ADDRESS OF PROPERTY APPRAISED SUBJECT PROPERTY
231 PLUM STREET o Did not insped subjed property
lEMOYNE, PA 17043 o Did inspect exterior of subject property from street
Date of Inspection
APPRAISED VALUE OF SUBJECT PROPERTY $ 35,000 o Did inspect interior and exterior of subject property
Date of Inspection
LENDERICLlENT
Name COMPARABLE SALES
Company Name NIA o Did not insped exterior of comparable sales from street
Company Address NIA o Did inspect exterior of comparable sales from street
Date of Inspection
Emsil Address
Frelldle Mac: Fam 70 Mardl)OO5 Pnldllced~...AClso N 23.4.8727_...dwR,cqm Fame Mae F0ll'Il1004 March 200S
Uniform Residential Appraisal Report
File No. 07000134
'll;g;t'.r.
The Appmisal Firm, Realty
100.t_OS 012806
fj
SUMMARY REPORT OF A COMPLETE APPRAISAL
FEATURE SUBJECT COMPARABlE SAlE NO. 4 COMPARABlE SAlE NO.5 COMPARABLE SAlE NO.6
231 PLUM STREET 142 POPLAR STREET 2920 WAYNE STREET
Address lEMOYNE HIGHSPIRE HARRISBURG
Proximilv to Subject ,.....' 5.6 MI ESE 1.5 MI ENE
Sale Prk:e $ N1A 47900 $ 63 000 $
SaleI'li::eGrossUv.hea $ .$ 83.16 sa. II. $ 93.75 sa. 1I.1'..,'t:::.<.;',''',i:,:::. $ <11.11. .'
Data Source!s'.", .:';\;-:1 COURTHOUSE RECORDSlMlS COURTHOUSE RECORDSlMlS
VerVlcation Sourcelsl
'~'-- - '(')'- DESCRIPTION .(41_ DESCRIPTION .(.)IA_
Sale or Fllancing fill" CONVENTIONAL CONVENTIONAL
Concessions ,." NONE KNOWN NONE KNOWN
Date of Saletrune , ._ 10130106 0212112005
location SUBURBAN SUBURB/SUPER. -10000 SUBURB/SUPER. -10000
leaseho/dlFee SimDle FEE SIMPLE FEE SIMPlE FEE SIMPlE
Site .30 ACRE .23 ACRE NO ADJ. .092 ACRE +5,000
View AVERAGE AVERAGE AVERAGE
I ""'"'n tStvlel 1 STORY/AVG 1 STORY/AVG 1 STORY/AVG
I 0uaIiIv 01 Construction FRAMElAVG. MASONRY/AVG. NO ADJ. FRAMElAVG.
AduaIAN. 67+/- YEARS 65 YEARS NO ADJ. 53 YEARS NO ADJ.
Condition AVERAGE AVERAGE AVERAGE
Above Gr.de T* I......J Ilalhs r*I""",,] Ila1hs TlIIilIl8clms.1 - T* I~J Ba1hs
Room Count 31 1 1 .5 3 I 1 1 1.00 -3500 3 11 I 1.00 -3500 I I
Gross Uviln Area 1 0.00 390 sa. II. 576 sa. II. -1860 672 SQ. II. -2,820 sa. II.
Basement & Finished FUll BASEMENT NO BASEMENT +2,500 FUll BASEMENT NO ADJ.
Rooms Below Grade 50% FINISHED UNFINISHED +500 UNFINISHED +500
Functional Utirllv INFERIOR AVERAGE -5000 I AVERAGE -5000
HeatinolCoolinn FWAlNONE FWAINONE FWAlNONE
Enornv Ellicient Rerns STORM UNITS SIMILAR SIMIlAR
GaranelCaroort NONE OFF ST. PARKING -1000 OFF ST. PARKING -1000
PnrchIPatinJDec SMAll ENCD POR NONE NO ADJ. NONE NO ADJ.
OTHER NONE NONE NONE NO ADJ.
DAYS ON MARKET
,.M_rr.. _ r 1. ",. I, 18360 r I. fxl. 1$ 16 820 fxl. I 1- 1 $
fu!iusted Sale Price Net Adj. -3B.3~ I , NetAdj. -26.7~ I, Net Adj. :1$
01 ComDarables Gross Ari. 50.9% $ 29 540 Gross Ari 44.2% $ 46180 Gross Ad.
ITEM SUBJECT COMPARABLE SAlE NO.4 COMPARABLE sAlE NO.5 COMPARABlE SAlE NO.6
Date 01 Prior S.leITransler OVER 3 YEARS OVER 1 YEAR OVER 1 YEAR
Price 01 Pria SalelTransler N/A N/A N/A
Data Source/sl COURTHOUSE RECORDS COURTHOUSE RECORDS COURTHOUSE RECORDS
Effective Date 01 Data Source/sl DATE OF THIS APPRAISAL DArE OF THIS APPRAISAL DATE OF THIS APPRAISAL
SUnIn.ry 01 Sales Comparison Approach
Uniform Residential Appraisal Report
file No. 07000134
Freddie Mac Fam 70 Mardi 200S
PrlldueedllSlf1gAClsol'twlft.800.2iU7Z1~
FlmIe Mae FORIll004 March 2005
lOD4j15D&29Oli
1
ADDENDUM
Borrower. ROBERT LOUER SR
Property Address: 231 PLUM STREET
City: LEMOYNE
Lender. N/A
File No.: 07000134
Case Na.:
State: PA
Zip: 17043
Twelve Month Listing History of Subject Property
THE CENTRAl PENN MULTI LIST OR LOCAL MULTI LIST (LOCAL MULTI LISTS INCLUDE THE LEBANONILANCASTER MULTI LIST
FOR LEBANON AND LANCASTER COUNTIES AND RAYAC FOR YORK COUNTY) WAS USED TO DETERMINE IF THE SUBJECT
PROPERTY WAS PREVIOUSLY LISTED AND/OR SOLD AND TO FINO THE LISTING/SALES HISTORY. IF THE INFORMATION
REGARDING THE ADDRESS IS ENTERED WRONG IN THE MULTI LIST IE, TRANSPOSED NUMBERS OR MISSPELLED STREET
NAME THE PREVIOUS LISTING/SALES HISTORY WlU NOT BE ACCURATE.
THE SUBJECT HAS NOT BEEN LISTED IN THE LAST 12 MONTHS THROUGH THE CENTRAL PENN MULTI LIST.
Neighborhood Boundaries
NEIGHBORHOOD BOUNDARIES INCLUDE ALL OF THE BOROUGH OF LEMOYNE, CUMBERLAND COUNTY. NEIGHBORHOOD
BOUNDARIES ARE FURTHER DEFINED AS:
ROUTE 83 TO THE SOUTH, THE SUSQUEHANNA RIVER TO THE EAST, HERMAN AVENUE TO THE NORTH AND THIRD STREET TO
THE WEST.
Neighborhood Description
THE SUBJECT HOME IS LOCATED IN THE BOROUGH OF LEMOYNE, CUMBERLAND COUNTY. THIS AREA HAS MOST OF THE
AMENITIES OF URBAN/SUBURBAN DWELLING INCLUDING, BUT NOT LIMITED TO PUBLIC WATER AND PUBLIC SEWER.
SCHOOLS, PLACES OF WORSHIP, SHOPPING AND RECREATIONAL FACILITIES ARE A REASONABLE DISTANCE. THE HOMES IN
THE AREA ARE A MIXTURE OF ATTACHED AND DETACHED, SINGLE FAMILY AND MULTI FAMILY DWELLINGS.
THE SUBJECT IS LOCATED IN THE COMMERCIAL ZONED AREA NEXT TO A VEHICLE REPAIR FACILITY AND VEHICLE JUNK
YARD. IN CLOSE PROXIMITY ARE TRAIN TRACKS AND INiERSTATE ROUTE 83.
THE SUBJECT ALSO HAS AN "ONSrre" WELL AND PUBLIC SEWER. THIS IS CONTRARY TO THE NEIGHBORHOOD AND DOES
HAVE AN EFFECT ON VALUE AND MARKETABILITY.
Neighborhood Mar1<et Conditions
MARKET CONDITIONS IN THE SUBJEC1'S NEIGHBORHQOD ARE TYPICAL FOR THE AREA. INTEREST RATES ARE BELOW B%
WITH 2 POINTS GENERAlLY BEING PAID. FHA AND VA FINANCING ARE AN ALTERNATE MEANS OF FINANCING AND COMMON.
TYPICAL MARKETING TIME IS BE'f\M:EN 0 AND 6 MONTHS, PROVIDED THE HOME IS PRICED PROPERLY WITH NO UNUSUAL
FUNCTIONAL PROBLEMS OR ADVERSE CONDITIONS THAT WOULD AFFECT MARKETABILITY. CURRENTJ. Y, SUPPLY AND
DEMAND ARE IN BALANCE IN THIS NEIGHBORHOOD AS WELL AS IN THE SURROUNDING COMMUNITIES.
Zoning Description
THE ZONING ENTERED IN THIS REPORT IS TAKEN FROM LEMOYNE BOROUGH, CUMBERLAND COUNTY ZONING AND ZONING
INFORMATION MAPS FROM THE TOWNSHIP \/\/HICH ARE BELIEVED TO BE CORRECT.
THE ASSESSMENT TAX RECORD CARD STATES THE PROPERTY IS ZONED R1 RESIDENTIAL SINGLE FAMILY.
IF FURTHER CLARIFICATION IS NEEDED FOR THIS SPECIFIC ZONING CLASSIFICATION IT IS RECOMMENDED THAT THE
MUNICIPALITY \/\/HERE THE SUBJECT IS LOCATED BE CONTRACTED DIRECTLY FOR ZONING REGULATIONS.
THE SUBJECTS4..0T SIZE/ACREAGE IS TAKEN FROM THE COUNTY COURTHOUSE TAX RECORD CARD INFORMATION.
Highest and Best Use
CURRENTJ. Y, THE SUBJECT IS USED FOR THE HIGHEST AND BEST USE. EVENTHOUGH THE SUBJECT IS ZONED COMMERCIAL,
THERE IS NO OFF STREET PARKING AVAILABLE WITH THE SUBJECT PROPERTY. TYPICALLY, OFF STREET PARKING IS A
REQUIREMENT FOR A COMMERCIAL USE PROPERTY. THE BUILDING IS MORE SUITED FOR COMMERCIAL USE DUE TO THE
LACK OF A FULL BATH AND SMAU ROOMS.
Site Comments
THERE ARE NO KNOWN EASEMENTS OR ENCROACHMENTS \/\/HICH WOULD HAVE AN ADVERSE AFFECT ON VALUE OR
MARKETABILITY. THERE MAY OR MAY NOT BE UTILITY EASEMENTS WITHIN THE LOT BOUNDARIES OF THE SUBJECT
PROPERTY OR IN CLOSE PROXIMITY TO THE SUBJECT. THESE ARE COMMON TO THE AREA AND HAVE NO ADVERSE AFFECT
ON VALUE OR MARKETABILITY.
THE SUBJECT IS lOCATED CLOSE TO A VEHICLE STORAGE YARD OR JUNK YARD BEHIND THE FIRESTONE TIRE COMPANY.
THE SUBJECT HAS A WELl. OLD JUNK YARDS ARE KNOWN FOR CONTAMINATION GROUND SOURCE WATER SUPPLIES. THE
SUBJECT IS ALSO LOCATED IN CLOSE PROXIMITY TO THE RAILROAD TRACKS AND ROUTE #83.
ACCORDING TO THE LEMOYNE BOROUGH ZONING OFFICE, IF THE BUILDING IS IMPROVED IN ANY WAY SUCH AS INCREASING
THE BUILDING SIZE, ADDING A FULL BATH, ADDING ADDITIONAL AMENITIES, THE SUBJECT WILL HAVE TO BE CONNECTED TO
PUBLIC WATER. THE SUBJECT CAN BE SOLD WITHOUT CONNECTING TO PUBLIC WATER BUT CAN NOT BE IMPROVED. THE
ACTUAL COST TO CONNECT TO PUBLIC WATER IS UNKNOWN, HOWEVER, THE MINIMAL COST TO CONNECT WOULD BE AT
LEAST $5,000. IT IS BELIEVED THAT THE REASON THE SUBJECT IS NOT CONNECTED IS BECAUSE OF THE EXISTANCE OF
ROCK IN THE GROUND MAKING IT EXTREMELY HARD TO RUN THE PUBLIC WATER LINES.
Additional Features
THE INTERIOR AND EXTERIOR ARE IN AVERAGE CONDITION ON THE INTERIOR AS WEll AS THE EXTERIOR WITH SOME
DEFERRED MAINTENANCE. THE BASEMENT IS FINISHED WITH A BEDROOM AND A BATH TUB. THE ENCLOSED PORCH IS VERY
SMAU AND IS PRIMARILY CONSTRUCTED AS AN ENCLOSED ENTRANCE TO THE BASEMENT.
Condition of Improvements
PHYSICAL DETERIORATION:
THERE IS MINOR DEFERRED MAINTENANCE IN THE SUBJECT HOME INCLUDING THE KITCHEN FLOOR NEEDING
REPLACEMENT.
FUNCTIONAL OBSOLESCENCE:
THE SUBJECT HAS ONE BEDROOM.
THERE IS ONLY A POWDER ROOM ON THE FIRST FLOOR. THERE IS ABATH TUB IN THE BASEMENT \/\/HICH IS IN NEED OF
Addol'Idum Page 1 ct 3
/0
ADDENDUM
BoTTtlWer. ROBERT LOUER SR.
property Address: 231 PLUM STREET
City: LEMOYNE
Lender: N1A
File No.: 07000134
Case No.:
Slale: PA
Zip: 17043
REPAIR. THE HOME DOES NOT HAVE A "FULL BATH" ON THE FIRST FLOOR OR IN THE BASEMENT AREA.
THERE IS COSMETIC WORK NEEDED IN THE FINISHED AREA OF THE BASEMENT. THE HOME HAS PLUMBING LEAKS WHICH
NEED TO BE REPAIRED.
THE INTERIOR OF THE HOME IS DATED.
THE WINDOWS ARE OLDER WOOD DOUBLE HUNG AND METAL WHICH NEED REPLACING.
ON THE SIDE OF THE SUBJECT IS A CONCRETE PARKING PAD. THIS PARKING PAD EXTENDS OVER THE PROPERTY LINE ONTO
THE ADJOINING LOT. IF THIS PROPERTY IS SOLD WITHOUT THE ADJOINING LOT, THE CONCRETE PARKING PAD WILL HAVE TO
BE REMOVED. IT IS RECOMMENDED THAT BOTH LOTS BE SOLD TOGETHER WITH THE STRUCTURE.
EXTERNALJECONOMIC OBSOLESCENCE:
THERE IS NO KNOWN UNUSUAL ECONOMIC SITUATIONS IN THE SUBJECT'S NEIGHBORHOOD OR IN THE SURROUNDING
COMMUNITIES THAT WOULD AFFECT THE VALUE OR MARKETABILITY OF THE SUBJECT PROPERTY.
HOWEVER, THE SUBJECT IS LOCATED IN A COMMERCIALLY ZONED AREA, NEXT TO A VEHICLE JUNK YARD/STORAGE
FACILITY, RAILROAD TRACKS AND INTERSTATE 83.
Comments on Sales Comparison
THE COMPARABLES SELECTED ARE THE BEST AVAILABLE AT THE PRESENT TIME. DUE TO LIMITED REAL ESTATE TURNOVER
IN THE SUBJECT'S NEIGHBORHOOD, IT WAS NECESSARY TO SELECT AND USE COMPARABLES OVER THE PRESCRIBED SIX
MONTH TIME FRAME AND/OR ALLOTED DISTANCE RATIO.
WITHOUT DOING A PHYSICAL INSPECTION OF EACH OF THE COMPARABLE SALES IT IS IMPOSSIBLE TO ACCURATELY
DETERMINE THE EFFECTIVE AGE OF SAID COMPARABLE SALES.
ALL COMPARABLE SALES ARE LOCATED IN THE SAME MARKET AREA AS THE SUBJECT AND WOULD BE CONSIDERED BY THE
SAME PROSPECTIVE PURCHASER IF AlL WERE ON THE MARKET AT THE SAME TIME.
THE BATH COUNT FOR THE SUBJECT AND ALL COMPARABLES IS ENTERED IN THE ABOVE GROUND ROOM COUNT. MULTI
LIST INFORMATION FOR THE COMPARABLES GIVES A TOTAL BATH COUNT ONLY AND DOES NOT INDICATE WHETHER THE
BATHS AND POWDER ROOMS ARE LOCATED ABOVE G ROUND OR IN THE 8ASEMENT. THEREFORE, FOR CONFORMITY
PURPOSES, THE TOTAL BATHS AND POWDER ROOMS FOR THE SUBJECT AND COMPARABLES ARE ENTERED IN THE ABOVE
GROUND ROOM COUNT IN THE GRID.
A THOROUGH SEARCH OF THE SUBJECTS MARKET AREA WAS MADE TO FIND COMPARABLES TO BRACKET ALL ADJUSTABLE
DIFFERENCES IN THE SUBJECT PROPERTY INCLUDING GROSS LIVING AREA, LOT SIZE, BATH COUNT, GARAGE COUNT AND
VARIOUS AMENITIES.
EXTRAORDINARY ASSUMPTIONS INCLUDE THAT THE INTERIOR OF THE SUBJECT IS IN SIMILAR CONDITION TO THE
COMPARABLES UNLESS OTHERWISE NOTED IN THIS APPRAISAL
INFORMATION REGARDING COMPARABLE SALES IS PER MULTI LIST INFORMATION AND PUBLISHED COURTHOUSE
INFORMATION. THIS INFORMATION MAY OR MAY NOT BE ACCURATE, HOWEVER, IS THESE INFORMATION SOURCES ARE THE
BEST AVAILABLE AND ASSUMED TO BE CORRECT.
COMPARABLES AND COMPARABLE INFORMATION IS PER THE LOCAL MULTI LIST . MULTI LIST INFORMATION PROVIDES THE
BEST DESCRIPTION OF INTERIOR CONDITION AND AMENITIES FOUND IN THE COMPARABLE SAlES WHICH ARE NOT
AVAILABLE THROUGH COURTHOUSE RECORDS.
NO INTERIOR PHYSICAL INSPECTION HAS BEEN DONE ON ANY OF THE COMPARABLE SALES UNLESS OTHERWISE NOTED IN
THIS APPRAISAL
THE LOT SIZES FOR THE SUBJECT AND COMPARABLE SALES ARE FROM COURTHOUSE RECORDS. LOT SIZE ADJUSTMENTS
MAY OR MAY NOT BE NECESSARY. EVEN IF A DIFFERENCE EXISTS IN SQUARE FOOTAGE/ACREAGE BETWEEN THE SUBd.ECT
AND COMPARABLE SALES, A LOT ADJUSTMENT IS NOT AlWAYS CORRECT. TYPICALLY, IN AN ESTABLISHED NEIGHBORHOOD
OF DETACHED, SINGLE FAMILY HOMES SELDOM ARE THERE LOTS THAT ARE EQUAL MANY FACTORS AFFECT lAND VALUE
INCLUDING SQUARE FOOTAGE, SLOPE, SHAPE AND LOCATION WITHIN THE SUBDIVISION.
COMPARABLES ONE, TWO AND THREE ARE LOCATED IN RESIDENTIAL NEIGHBORHOODS WHICH IS CONSIDERED SUPERIOR
LOCATIONS TO THE SUBJECT PROPERTY. A TWENTY FIVE THOUSAND DOLlAR ADJUSTMENT HAS BEEN APPLIED TO REFLECT
SAME.
THE SUBJECT DOES NOT CONTAIN A FULL BATH. A THIRTY FIVE HUNDRED DOLLAR ADJUSTMENT HAS BEEN MADE TO ALL
THE COMPARABLES TO REFLECT THE VALUE DIFFERENTIAL OF SAME.
THE SUBJECT AND COMPARABLE SALES HAVE A SIMIlAR EFFECTIVE AGE, THEREFORE, NO AGE ADJUSTMENT IS
WARRANTED.
THE FINISHED AREA OF THE BASEMENT IS ESTIMATED AND ENTERED AS A PERCENTAGE FOR THE SUBJECT HOME.
WITHOUT DOING A PHYSICAL INSPECTION OF EACH OF THE COMPARABLE SALES IT IS IMPOSSIBLE TO ACCURATELY
DETERMINE THE BELOW GRADE FINISHED AREA, THEREFORE, THE BELOW GRADE FINISHED AREA OF THE COMPARABLES
ARE ALSO ESTIMATED. THE ESTIMATED BELOW GRADE FINISHED AREA FOR EACH OF THE COMPARABLES IS DERIVED FROM
MULTI LIST INFORMATION. IT IS AN EXTRAORDINARY ASSUMPTION THAT THE QUALITY OF FINISH IN THE BELOW GRADE
LIVING AREA IS SIMIlAR TO THE QUALITY OF FINISH IN THE SUBJECT HOME.
THE FINISHED AREA OF THE BASEMENT IS IN NEED OF WORK AND HAS A MINIMAL CONTRIBUTORY VALUE OF FIVE HUNDRED
DOLLARS. THIS HAS BEEN APPLIED TO ALL THE COMPARABLES.
THE SUBJECT CONTAINS FUNCTIONAL OBSOLESCENCE WITH RESPECT TO THE LACK OF A FULL BATH. THERE WERE NO
COMPARABLES AVAILABLE SIMILAR TO THE SUBJECT WITH HAVING ONLY A POWDER ROOM AND NO FULL BATH. THE ROOMS
IN THE SUBJECT ARE VERY SMALL INCLUDING THE LIVING ROOM AND KITCHEN. THE SMALL ROOMS CREATE INUTILITY DUE
TO THE LACK OF AREA TO PLACE FURNITURE.
Addencim Page 2 of 3
It
ADDENDUM
Borrower: ROBERT LaUER SR.
Property Address: 231 PLUM STREET
City: LEMOYNE
Lender. N1A
File No~ 07000134
Case No.:
State: PA
Zip: 17043
THE ENCLOSED PORCH IS ONLY USED AS IN INTERIOR ENTRANCE TO THE BASEMENT AND HAS NO CONTRIBUTORY VALUE.
COMPARABLES FOUR AND FIVE ARE LOCATED IN DAUPHIN COUNTY, ACROSS THE RIVER FROM THE SUBJECT PROPERTY.
BOTH OF THESE COMPARABLES ARE ONE BEDROOM UNITS AND ARE USED TO SUPPORT VALUE. COMPARABLE SALE FOUR IS
LOCATED IN HIGHSPIRE INHICH IS IN THE STEELTONIHIGHSPIRE SCHOOL DISTRICT. THIS SCHOOL DISTRICT IS INFERIOR TO
THE WEST SHORE SCHOOL DISTRICT INHERE THE SUBJECT IS LOCATED. THEREFORE A TEN THOUSAND DOLLAR LOCATION
ADJUSTMENT HAS BEEN APPLIED TO REFLECT THE COMMERCIAL LOCATION AND CLOSENESS OF THE FIRESTONE VEHICLE
JUNK YARD. COMPARABLE SALE FIVE IS LOCATED CLOSE TO ROUTE #83 AND IS ZONED COMMERCIAL. A TEN THOUSAND
DOLLAR ADJUSTMENT HAS BEEN APPLIED TO REFLECT THE SUBJECT BEING LOCATED CLOSE TO THE FIRESTONE VEHICHL
JUNK YARD.
THERE ARE NO COMPARABLES SIMILAR TO THE SUBJECT PROPERTY. THE COMPARABLES SELECTED ARE THE BEST
AVAILABLE AT THE PRESENT TIME.
DUE TO THE SUBJECT BEING A UNIQUE PROPERTY WllH NO SIMILAR COMPARABLES, THE NET AND GROSS ADJUSTMENTS
HAVE BEEN DISTORTED DUE TO THE LARGE AMOUNT OF ADJUSTMENTS NEEDED FOR THE COMPARABLE SALES.
THE FUNCTIONAL OBSOLESCENCE IN THE SUBJECT PROPERTY IS CONSIDERED TO BE "INCURABLE". THE COST TO CURE
THE FUNCTION INUTILITY PRESENT IN THE SUBJECT PROPERTY WOULD REQUIRE THE ADDITION OF A FULL BATH, AND
CREATING LARGER ROOM SIZES. THE ADDITION OF THESE ITEMS WOULD NOT DRASTICALLY INCREASE THE VALUE OF THE
SUBJECT PROPERTY DUE TO THE NEGATIVE IMPACT OF THE SUBJECTS LOCATION. THEREFORE, THE COST TO CURE WOULD
BE HIGHER THAN THEIR CONTRIBUTORY VALUE Fbp RESALE..
AS NOTED PREVIOUSLY IN THIS REPORT THE SUBJECT WOULD NOT QUALIFY FOR CONVENTIONAL FINANCING WITHOUT A
FULL BATH. IF A FULL BATH IS ADDED TO THE SUBJECT, THIS WOULD BE CONSIDERED AN IMPROVEMENT AND THEREFORE,
THE SUBJECT WOULD HAVE TO BE CONNECTED TO PUBLIC WATER. THE COST TO CONNECT WOULD BE IN EXCESS OF
$5,000. IF THE SUBJECT IS IMPROVED IN ANY WAY, THE SUBJECT WOULD HAVE TO BE CONNECTED TO PUBLIC WATER.
Conditions of Appraisal
THE SUBJECT PROPERTY IS APPRAISED IN "AS IS" CONDITION WITH NO REPAIRS REQUIRED.
THERE IS NO PERSONAL PROPERTY INCLUDED IN THE APPRAISED VALUE OF THE SUBJECT PROPERTY.
THE ONLY INTENDED USER IS THE LENDER /CLIENT STATED IN THIS APPRAISAL HEREIN, ANY OTHER USER IS AN
UNINTENDED USER.
THE MARKET VALUE DEFINITION HEREIN IS PROVlDED BY AND DEVELOPED SPECIFICALLY FOR THIS REPORT AS PROVIDED
BY FREDDIE MAC AND FANNIE MAE.
Support for the Opinion of Site Value
LAND VALUE IS TAKEN FROM TAX ASSESSMENT RECORDS. THERE ARE NO LAND SALES SIMILAR TO THE SUBJECT LOT SIZE
IN THE SUBJECTS NEIGHBORHOOD OR COMPARABLE NEIGHBORHOOD. THE SUBJECT IS LOCATED IN A SMALL
TOWNIBOROUGH INHERE THERE IS LIMITED DEVELOPMENT OR NEW CONSTRUCTION. MOST OF THE LAND HAS BEEN
IMPROVED AND VACANT LAND SALES SIMILAR TO THE SUBJECT'S LOT ARE NOT CURRENTLY AVAILABLE.
AddencUn Page 3 or 3
/IZ
Borrower: ROBERT LOUER SR.
Propertv Address: 231 PLUM STREET
City: LEMOYNE
lender: NIA
State: PA
Zip: 17043
r3
I
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: JANUARY 31, 2007
Appraised Value: $ 35,000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE PROPERTY PHOTO ADDENDUM
Borrower: ROBERT LOUER SR. FileNo.: 07000134
Propetty AlIlIress: 231 PLUM STREET Case No.:
City: LEMOYNE State: PA Zip: 17043
lender: N/A
/1-{
COMPARABLE SALE #1
501 TERRACE DRIVE
NEW CUMBERLAND
Sale Date: 02/01/07
Sale Price: $ 89,900
COMPARABLE SALE #2
122 CHESTNUT STREET REAR
MECHANICSBURG
Sale Date: 0813012006
Sale Price: $ 65.000
COMPARABLE SALE #3
17 BIRCH STREET
MECHANICSBURG
Sale Date: 0613012006
Sale Price: $ 78,000
COMPARABLE PROPERTY PHOTO ADDENDUM
Borrower: ROBERT LOUER SR. FileNo.: 07000134
Property Address: 231 PLUM STREET Case No.:
City: LEMOYNE State: PA Zip: 17043
Lender: N/A
15/
COMPARABLE SALE #4
142 POPLAR STREET
HIGHSPIRE
Sale Date: 10130106
Sale Price: $ 47,900
COMPARABLE SALE #5
21120 WAYNE STREET
HARRISBURG
Sale Date: 0212112005
Sale Price: $ 63,000
COMPARABLE SALE #6
Sale Date:
Sale Price: $
Borrower: ROBERT LOUER SR.
Property Address: 231 PLUM STREET
City: LEMOYNE
lender: N/A
~I
b
~ Bedroom
24.0'
Enclosed f
Porch r
fb
t<ci
I....
I
f
J
5.0'
FLOORPLAN
Basement
3Q.O'
Pwdrm
Kitchen
Living Room
30.0'
Sketch by NJex rv Windows'"
AREA CALCULATIONS SUMMARY
COcIe Description size Totals
GLA1
as"",
pIp
I':i.r.t Floor
Baaemant
Porelh
TOTAL LIVABLE
390.00
390.00
390.00
185.00
390
State: PA
File No.: 07000134
Case No.:
Zip: 17043
LMNG AREA BREAKDbV\t4
a",.kdllivn SUbto"ls.
:First i"l.oor
13.0 x 30.0
1 Area Total (rounded)
19 WEST MliIN STREET, MIDDLETOWN, PA 17057 717-944..()620, FAX 717-948-9383
390.00
185.00
(rounded)
{b
390.00
390
B6ffllwer: ~O!leln LOueR SR.
Property Address: 231 PLUM STREET
City: lEMOYNE
Lender; N/A
LOCATION MAP
File No.: 01000134
Case No.:
State: PA
Zip; 17043
Prepared by: Accuracy Appraisals 717-652-8404
10 Address Date Prico RM BR Bath S Ft Proxlm
S 231 PLUM sor 'filA iliA 3 1 .5 390 0.00 Hl:
1 501 TERRACE DRZVE 02/01/07 B9900 4 2 1.00 700 L6 Hl: Be
2 122 S Cll8S'1'lf1lT 8'1' 08/30/2006 65000 4 2 1.00 598 6.2 1ft IrSlI
3 17 BIRCH ST 06130/2006 78000 4 2 1.00 816 6.8 Hl: W
4 142 POPLAR ST 10/30/06 47900 3 1 LOo 576 5 _ 6 Hl: es!:
5 2920 WAYNI!: ST 02/21/2005 63000 1.5 Hl: ED!:
19 WEST MAIN STREET, MIDDLETOWN, PA 17057 717-944-0620, FAX 717-948-9383
(1