HomeMy WebLinkAbout06-14-07 (3)
I-
Z
W
C
W
CJ
W
C
III
...
~~UJ
Ua:~
IIICLU
:z:i9
Utili
c
COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128.{)601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL)
ECKSTEIN
DATE OF DEATH (MM-DD-Year)
CLARA E.
DATE OF BIRTH (MM-DD-Year)
OFFICIAL USE ONLY
FILE NUMBER
2 1 -0 7 0 4 7 7
COuNi'vCciiiE ---y"EAR- - - NuMsER- -
SOCIAL SECURITY NUMBER
1 54- 1 8 - 8 707
THIS RETURN MUST BE FILED IN DUPUCATE WITH THE
REGISTER OF WILLS
SOCIAL SECURITY NUMBER
o 3. Remainder Return (date of death prior to 12-13-82)
o 5. Federal Estate Tax Return Required
_ 8. Total Number of Safe Deposit Boxes
o 11. Election to tax under Sec..9113(A) (Attach Sch 0)
i~m$;sEtmeli.uSif!8e;C8fMJLETel)'$CMt:HeORt:fESPONDENeefANDYeQNFIDEWM:'lf.IIFoRQA'ttONSRCWLl)'iaefDtREt'f'El)'.'to:c.c
NAME COMPLETE MAILING ADDRESS
ROGER B. IRWIN ESQUIRE 60 WEST POMFRET STREET
FIRM NAME (" Applicable)
IRWIN & McKNIGHT
TELEPHONE NUMBER
717 249-2353 CARLISLE PA 17013
z
o
j
:)
I-
a:
c(
CJ
w
a:
z
o
~
I-
:)
D.
:E
o
(,)
E
04/09/2007 02/22/1921
(IF APPUCABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
001. Original Return
o 4. Limited Estate
lXl 6. Decedent Died Testate (Attach copy of WiO
o 9. Litigation Proceeds Received
o 2. Supplemental Return
o 4a. Future Interest Compromise (date ot death after 12-12-82)
o 7. Decedent Maintained a Living Trust (Attach copy of Trust)
o 10. Spousal Poverty Credit (date of death between 12.31.91 and 1-1-95)
...
z
l!l
2
UJ
III
a:
a:
o
U
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2)
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3)
4. Mortgages & Notes Receivable (Schedule D) (4)
5. Cash, Bank Deposits & Miscellaneous Personal Property (5)
(Schedule E)
6. Jointly Owned Property (Schedule F) (6)
o Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non.Probate Property (7)
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
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)
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
0.00 X _(15)
0.00 X _(16)
137,053.95 X .12 (17)
6,500.00 X .15 (18)
(19)
16. Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxable at sibling rate
18. Amount of Line 14 taxable at collateral rate
19. Tax Due
20. D
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
~%J%%{fj.tff;:::}:~:~7t1il$4~ttfj;t;~r*{tl~1~%~Jfjh0~~:?
.ef:rA~ >fGUI!Sl'IONS"'GflHlEVER eSIDE'AND FtECHECK MATH..,;( <: .
'".f;}:}?,';:;';", '<'"
()
OFFtC~AL USE ONLY
4,767.36
80,907.70
77,500.00
(8)
163,175.06
9,680.84
4,940.27
(11)
(12)
(13)
14,621.11
148,553.95
5,000.00
(14)
143,553.95
AX""i;'
"\
Decedent's Com lete Address:
STREET ADDRESS
1000 WEST SOUTH STREET
CITY
CARLISLE
STATE
PA
ZIP
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 )
17,421.47
871.07
Total Credits (A + 8 + C)
(2)
871.07
3. InteresVPenalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (D + E) (3)
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 (4)
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5)
A. Enter the interest on the tax due. (SA)
8. Enter the total of Line 5 + SA. This is the BALANCE DUE. (58)
Make Check Payable to: REGISTER OF WILLS, AGENT
0.00
0.00
16,550.40
16.550.40
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; ........................................................................... 0 00
b. retain the right to designate who shall use the property transferred or its income; ........................................ 0 00
c. retain a reversionary interest; or ...................................................................................................... D 00
d. receive the promise for life of either payments, benefits or care? ............................................................. 0 00
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration?............................................................................................... D 00
3. Did decedent own an 'in trust for' or payable upon death bank account or security at his or her death? ................. D 00
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ....................................................................................................... D 00
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Under penalties 01 perjury, I declare that I have examined this retum, includill!! accompanying schedules and statements, and to the best 01 my knowledge and belief," is true, correct and complete.
Declaration 01 preparer other than the personal representative is based on a1llOfonmation of which preparer has any knowledge.
SIGNATURE OF PERSON RESPONSIBLE FOR ILlNG RETURN DATE
/'
6/,.J/2007
ADDRESS
PA 17013
DATE
6/IJ /2007
ADDRESS
PA 17013
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 3%
[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 0% [72 P .5. ~9116 (a) (1.1) (ii)].
The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax retum 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 0% [72 P .5. ~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 4.5%, except as noted in 72 P.S. ~9116(1.2) [72 P.S. ~9116(a)(1)].
"
The laX rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116(a)(1.3)]. A sibling is defined, under Section 9102, as an
individua""ho has at least one parent in common with the decedent, whether by blood or adoption.
REV-l\603 EX + (6-98)
*'
SCHEDULE B
STOCKS & BONDS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ECKSTEIN
FILE NUMBER
21 07
CLARA
E.
0477
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTION
PRUDENTIAL FINANCIAL, INC. - COMMON STOCK
52 SHARES @ $91.68 = $4,767.36
CUSIP NO.
VALUE AT DATE
OF DEATH
4,767.36
TOTAL (Also enter on line 2, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
4767.36
REV-l008 EX + (6-98)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ECKSTEIN
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
CLARA E. 21 07
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
0477
ITEM
NUMBER
1.
2.
3.
4.
5.
6.
DESCRIPTION
SOVEREIGN BANK - CERTIFICATE OF DEPOSIT #1675422503
SOVEREIGN BANK - CERTIFICATE OF DEPOSIT #2895395347
M& T BANK - CHECKING ACCOUNT #1084011
M&T BANK - CERTIFICATE OF DEPOSIT #031003913027213
COINS - APPRAISAL ATTACHED
)
VALUE AT DATE
OF DEATH
17,430.79
25,022.60
33,394.39
4,926.12
,."\
-~27.50
CASH ON HAND
..
,-
,.. '"
1 09.30
-
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
80.907.70
REV-l/i09 EX + (6-98)
*'
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE F
JOINTLY-OWNED PROPERTY
ESTATE OF
ECKSTEIN
CLARA
E.
FILE NUMBER
21 07
0477
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
ADDRESS
RELATIONSHIP TO DECEDENT
A. MARGARET E. LUTZ
565 "F" STREET
CARLISLE, PA 17013
SISTER
B
c
JOINTL y-oWNED PROPERTY:
LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECD'S VALUE OF
NUMBER TENANT JOINT IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST
1. A. 03/1995 565 "F" STREET 155,000.00 50. 77,500.00
CARLISLE, PA 17013
TOTAL (Also enter on line 6, Recapitulation) $ 77 500.00
(If more space is needed, insert additional sheets of the same size)
REV-15'1 EX + (12-99)
*'
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ECKSTEIN
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
FILE NUMBER
CLARA
E.
21
07
047.7
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A.
DESCRIPTION
AMOUNT
1.
FUNERAL EXPENSES:
HOFFMAN-ROTH FUNERAL HOME
139.90
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative (s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City State Zip
Year(s) Commission Paid:
2. Attorney Fees IRWIN & McKNIGHT 8,300.00
3. Family Exemption: (If decedents address is not the same as claimants, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4. Probate Fees REGISTER OF WILLS 298.00
5. Accountants Fees
6. Tax Return Preparer's Fees PATRICIA A. ROSENDALE, CPA 350.00
7. REGISTER OF WILLS - SHORT CERTIFICATE (2) 8.00
8. REGISTER OF WILLS - FILING FEE 30.00
9. NOTARY FEES 10.00
10. CUMBERLAND LAW JOURNAL - ESTATE NOTICE 75.00
11. THE SENTINEL - LEGAL - ESTATE NOTICE 144.94
12. STEVEN W. BARRETT REAL ESTATE - APPRAISAL 325.00
TOTAL (Also enter on line 9, Recapitulation) $
9.680.84
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX + (6-98)
.
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ECKSTEIN CLARA
E.
Include unreimbursed medical expenses.
FILE NUMBER
21 07
0477
ITEM
NUMBER DESCRIPTION
1. BELVEDERE MEDICAL CENTER - MEDICAL
VALUE AT DATE
OF DEATH
28.05
2. CUMBERLAND-GOODWILL FIRE RESCUE - AMBULANCE
66.22
3. CARLISLE REGIONAL MEDICAL CENTER - MEDICAL
10.00
4. SARAH TODD NURSING HOME - NURSING
4,836.00
TOTAL (Also enter on line 10, Recapitulation) $
4940.27
(If more space is needed, insert additional sheets of the same size)
''''."'',,...
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE J
BENEFICIARIES
FILE NUMBER
t--l;K~ t-- IN r.IARA 1= ?1 07 0477
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I. TAXABLE DISTRIBUTIONS [include OUlriijht spousal distributions, and transfers under
Sec. 9116 (a (1.2)]
1. EILEEN HOLTZ Collateral 1,000.00
3301 KENWOOD W
PINE HILL, NJ 08021-7615
2. GEORGE BAKER, III Collateral 500.00
112 MIMOSA DRIVE
CAMBRIDGE, MD 21613
3. ANDREW BAKER Collateral 500.00
112 MIMOSA DRIVE
CAMBRIDGE, MD 21613
4. ERIC BAKER Collateral 500.00
112 MIMOSA DRIVE
CAMBRIDGE, MD 21613
5. VIVIAN WOLFROM Collateral 1,000.00
519 BERGEN STREET
GLOUCESTER CITY, NJ 08030-1504
6. PHYLLIS AND R. GERALD LACKEY Collateral 1,000.00
591 "0" STREET
CARLISLE, PA 17013
7. JESSE MELANICK Collateral 500.00
1160 BELVEDERE STREET
CARLISLE, PA 17013
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
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1. S.P.C.A C/O HUMANE SOCIETY OF HARRISBURG 1,000.00
7790 GRAYSON ROAD
HARRISBURG, PA 17111
2. HELEN D. KRAUSS ANIMAL FOUNDATION 1,000.00
PO BOX 311
MECHANICSBURG, PA 17055
3. GUIDING EYES FOR THE BLIND 1,000.00
611 GRANITE SPRINGS ROAD
YORKTOWN HEIGHTS, NY 10598
TOTAL OF PART II - ENTER TOTAL NON.TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 5.000.00
(If more space is needed, insert additional sheets of the same size)
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
Page 1
21 07 0477
File Number
ECKSTEIN
Decedent's Name
CLARA
E.
Schedule J - Beneficiaries - 1
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS (include outright spousal distributions)
8. CHRISTOPHER MELANICK Collateral 500.00
1160 BELVEDERE STREET
CARLISLE, PA 17013
9. JUSTIN MELANICK Collateral 500.00
1160 BELVEDERE STREET
CARLISLE, PA 17013
10. LAURETTA DE MASSE Collateral 500.00
261 WYOMING AVENUE
AUDUBON, NJ 08106
11. MARGARET E. LUTZ Sibling 137,053.95
565 "F" STREET REMAINDER
CARLISLE, PA 17013
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
ECKSTEIN
Decedent's Name
CLARA
E.
Page 2
21 07 0477
File Number
Schedule J - Beneficiaries - 2B
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
4. ANIMAL WELFARE ASSOCIATION
509 GIBBSBORO-MARl TON ROAD
VOORHEES, NJ 08043
5. ANIMAL CARE SANCTUARY
PO BOX A
EAST SMITHFIELD, PA 18817
1,000.00
1,000.00
I
SUBTOTALSCHEDUlEJ~B
2,000.00
,. .,
LAST WILL AND TESTAMENT
I, CLARA E. ECKSTEIN, of the Borough of Carlisle, Cumberland County,
Pennsylvania, do make and publish this as and for my Last Will and Testament, hereby revoking
all Wills and Codicils heretofore made by me.
1. I direct my executrix to pay all of my debts, funeral and administrative expenses as
soon as convenient after my decease.
2. I authorize and empower my executrix to sell any realty owned by me at my death and
not specifically devised herein, at either public or private sale and to give good and sufficient
deeds therefor, in fee simple, as I could do if living.
3. I give and bequeath the following sums to each of the persons listed below:
(a) $1,000.00 to Eileen Holtz, 3301 Kenwood W., Pine Hill, New Jersey 08021-
7615.
(b) $500.00 each to George Baker, 3rd, Eric Baker and Andrew Baker, 112
Mimosa Drive, Cambridge, Maryland 21613. (address of grandparents, George and Margaret
Baker)
(c) $1,000.00 to Vivan Wolfrom, 46 Cedar View Court, Wheaton and Whitaker
Avenues, Millville, New Jersey 08332.
08104.
(e) $1,000.00 to Phyllis and R. Gerald Lackey, 591 "D' Street, Carlisle,
Pennsylvania 17013.
(f) $500.00 each to Jesse, Christopher and Justin Melanick, 1160 Belvedere
Street, Carlisle, Pennsylvania 17013.
(g) $1,000.00 to Animal Care Sanctuary, P. O. Box A, East Smithfield,
Pennsylvania 18817.
(h) $1,000.00 to Animal Welfare Association, 509 Gibbsboro-Marlton Road,
Voorhees, New Jersey 08043.
(i) $1,000.00 to Guilding Eyes for the Blind, New York.
U) $1,000.00 to Helen D. Krauss Animal Foundation, Harrisburg, Pennsylvania
17105
(k) $1,000.00 to S.P.C.A. Harrisburg, Pennsylvania.
(1) $500.00 to Lauretta De Masse, 261 Wyoming Avenue, Audubon, New Jersey
2
08106.
4. I give, devise and bequeath all the rest, residue and remainder of my estate of every
nature and wherever situate to my sister, Margaret E. Lutz, presently living at 323 Franklin
Street, Carlisle, Pennsylvania 17013.
5. Should the gift in Paragraph 4 not take effect, I give, devise and bequeath all the rest,
residue and remainder of my estate of every nature and wherever situate, as follows:
(a) 1/5 to Ruth Lutz Costello, Horace Avenue, Woodbury, New Jersey.
(b) 1/5 to Robert Lutz, Dubois Avenue, Woodbury, New Jersey.
(c) 1/5 to R. Gerald Lackey and Phyllis Lackey, or the survivor, 591 "D" Street,
Carlisle, Pennsylvania 17013.
(d) 1/5 to Anne F. Rocanella and Laura R. Rocanella, 1130 Collings Road,
Camden, New Jersey 08104.
(e) 1/5 to be divided, share and share alike, among the S.P.C.A., of Harrisburg,
Helen D. Krauss Foundation of Harrisburg and the Y.M.C.A. of Carlisle, Pennsylvania.
6. I nominate and appoint Margaret E. Lutz to be the executrix of this my Last Will and
Testament~ she is to serve as such without bond. Should she predecease me, renounce or refuse
to serve for any reason, or die leaving any of my estate unadministrated, I nominate and appoint
Roger B. Irwin and Marcus A. McKnight, III, as substitute executors, with the same powers as
3
are given herein to my executrix and also to serve as such without bond.
7. I hereby suggest that my personal representative retain the services of Irwin, Irwin &
McKnight, as attorneys in the settlement of my estate.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 3/11 day of March,
1994.
~kl A ? G.4-t.k.-J.l (SEAL)
CLARA E. ECKSTEIN
Signed, sealed, published and declared by CLARA E. ECKSTEIN, the above named
testatrix, as and for her Last Will and Testament, in the presence of us, who, at his request and in
her presence and in the presence of each other have subscribed our names as witnesses hereto.
,&~ -n ~AAj;Jgtl-
r~f~ e>~<
4
ACKNOWLEDGNIENT AND AFFIDA VIT
WE, CLARA E. ECKSTEIN, BETZI A. .MORRISON and CHERYL L. CLELAND,
the testatrix and witnesses respectively, whose names are signed to the foregoing instrument,
being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and
executed the instrument as her Last Will and that she had signed willingly, and that she executed it
as her free and voluntary act for the purpose herein expressed, and that each of the witnesses, in
the presence and hearing of the testatrix, signed the Will as a witness and that to the best of their
knowledge the testatrix was, at that time, eighteen years of age or older, of sound mind and under
no constraint or undue influence.
eb'L ~-AL C 5~ k:v
CLARA E. ECKSTEIN
COMMONWEALTH OF PENNSYL VANIA
SS:
COUNTY OF CUMBERLAND
Subscribed, sworn to and acknowledged before me by CLARA E. ECKSTEIN, the
testatrix herein and subscribed and sworn to before me by BETZI A. .MORRISON and
CHERYL L. CLELAND, witnesses this ~11f' day of March, 1994.
(~al.-.
Nota blic
, Seal
fk)ger B.IJwin. Notary P\.dc
CarIsfe Boro. Cuinbet1al1d CourtY
My Comn1sSion ExpIres 0c13. 1996
. ASSOciation of No1aries
Member.
S. W. Barrett Real Estate & Appraisal Services
SUMMARY REPORT
FileNo. 07-0168
APPRAISAL OF
LOCATED AT:
565 F Street
Carlisle, PA 17013
FOR:
Irwin & McKnight
60 West Pomfret Street
Carlisle, PA 17013
BORROWER:
Clara E. ECKSTEIN (Estate)
AS OF:
April 9, 2007
BY:
Cassandra J. Crockett
Certified Residential Appraiser
S. W. Barrett Real Estate & Appraisal Services
SUMMARY REPORT
File No. 07-0168
05107/2007
Irwin & McKnight
60 w..t Pomfret Street
Carlisle, PA 17013
File Number: 07-0168
In accordance with your request, I have appraised the real property at:
565 F 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 April 9, 2007
is:
$155,000
One Hundred Fifty-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,
~>>.~
Cassandra J. Crockett
Certified Residential Appraiser
ProDertv DescrlDtlon File No. 07-0168
Property Address 565 F Street City Carlisle State PA ZioCode 17013
LegalDesaiption Deed Book 120' Paae 331 Coullty Cum berland
Assessor's Parcel No. 06-19-1643-376 TaxYear 06/07 R.E. Taxes $ 2,138.00 Special Assessments $ N/A
Borrower Clara E. ECKSTEIN (Estate) Current Owner Lutz.Maraaret & Eckstein Clara Occuoant: lxJ Owner L J Tenant [ 1 Vacant
.. Property rights aooraised I X I Fee Simole I Leasehold I Proiect Tyoe J PUD I I Condominium (HUDNA only) HOA$ N/A /Mo.
Neighborhood or Project Name Borouah Mao Reference 19-1643 Census Tract 0120.00
Sale Price $ NlA Date of Sale N/A Descriotion and $ amount of loan charges/concessions to be oaid by seller N/A
LenderlClient Irwin & McKnight Address 60 West Pomfret Street. Carlisle. PA 17013
Aooraiser Cassandra J. Crockett Address 126 North Hanover Street Carlisle. PA 17013
Location W Urban ~ Suburban W Rural Predominant Single family housing Preeent land u.. % Land u.e change
'"""P 00 "'" 75% 0 2~75' B "",,, 25% occupancy PRICE AGE One family 85% 00 Not likely 0 Likely
$(000) (yrs)
Growth rate Rapid X Stable Slow 00 Owner 85 Low New 24 family 0% o In process
Property values [ij Increasing ~ Stable Declining o Tenant 190 Hiah 100 Multi-family 0% To:
Demand/supply 0 Shortage 00 In baIanal 0 Ova'suppty 00 VOOlI1t(0.5%) !'lit Predominant ~:iii~fi: Commercial 5%
Marketina time n Under 3 mos. iX1 3-6 mos. n Over 6 mos. o Vacant(OV8l'5%) 150 40 Instit'l ) 10%
Note: Race and the racial composition of the neighborhood are not appral.al factOR.
Neighborhood boundaries and characteristics: Subject is bounded on the north bv Pa. Turnpike' on the east and south bv 1-81' and on the
. west by Wag goners Gap Road.
.
. Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.):
, Subject property is located In an established neighborhood of single famuily homes both detached and attached. with a mix
. II of residential. commercial. and institutional usage. Shopping and other amenities are within walking or short driving
distance. Community pool/rec area and YWCA within .5 mile. School system Is Carlisle District and school complex is within
.5 mile. SMSA 42-3240.
Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time
- - such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.):
Property values are currently stable with an average marketing time of 80-100 days. Economic trends and lending rates have
remained favorable. Sales concessions occur infrequently. There are new homes under construction in surrounding
developments. as well as resales available in the neighborhood.
. Project Information for PUD. (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? U YES U NO
. Approximate total number of units in the subject project N/A Approximate total number of units for sale in the subject project N/A
Describe common elements and recreational facilities: N/A
Dimensions 138.7x71.01x137.64x71 Topography Basically Level
Site area 0.22 Acre MIL Corner Lot U Yes ~ No Size Typical for area
Specific zoning classification and description R-2 Medium Densitv Residential Shape Rectangular
Zoning compliance 00 Legal 0 Legal nonconfaming (Grandfathered use) U Illegal U No zoning Drainage Appears adequate
Highest & best use as improved: rXr Present use n Other use (explain) View Residential
Utllltle. Public Other Off-sltelmprovement. Type Public Private Landscaping Typical
Electricity 00 200 amp Street Asphalt 00 0 Driveway Surface Concrete
Gas 00 Curb/gutter Concrete 00 B Apparent easements None Apparent
Water 00 Sidewalk Concrete 00 FEMA Special Flood Hazard Area U Ves ~ No
Sanitary sewer ~ Street lights Adequate 00 R FEMA Zone C Map Date 2/3/1982
Storm sewer Alley None n FEMA Map No. 425382A
Comments (apparent adverse easements, encroachments. special assessments, slide areas, illegal or legal nonconforming zoning, use, etc.): There are no
apparent adverse easements. encroachments or other adverse conditions.
GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION
No. of Units One Foundation BlocklAvg Slab None Area Sq.Ft. 1161 Roof 0
No. of Stories One Exterior Walls BricklAlum/A OM Space None % Finished 80% Ceiling 00
Type (Det./Att.) Detached Roof Surface Shinale/A~ Basement Full Ceiling Drop'd Tile Walls ~
Design (Style) Ranch Gutters & Dwnspts. Aluminum/A" Sump Pump Yes Walls Panel/DW Floor
ExistinglProposed Existing Window Type DblHnalGd Dampness None Obs. Floor CarpNinyl None
Age (Yrs.) 35 Yrs Storm/Screens Insulated/Gd Settlement None Obs. Outside Entry No Unknown
Effective Age (Yrs.) 14-16 Manufactured House No Infestation None Obs.
. ROOMS Fover Livina Dinina Kitchen Den Family Rm. Ree. Rm. Bedrooms # Baths Laundry Other Area Sa.Ft.
, Basement 1 1 1 1 Area 930
.
Level 1 1 1 1 2 1 Area 1281
. Level 2
.
. Finished area above grade contains: 5 Rooms' 2 Bedroom(s); 1 Bath( s); 1.281 Sauare Feet of Gross Livina Area
, INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE:
Floors HW/CarpMnyl/Avg Type FHA Refrigerator 0 None B Fireplace(s) # _ [ij None 0
· Walls Drywall/Panel/Avg Fuel Gas Range/Oven 00 Stairs Patio Concrete Garage # of cars
Trim/Finish Wood/Ava ConditionA~Gd Disposal 00 Drop Stair 0 Deck [ij Attached 1
Bath Floor Vinyl/Avg COOLING Dishwasher 00 Scuttle 00 Porch Enclosed Detached
Bath Wainscot DWfTile/Avg/Gd Central Yes Fan/Hood 00 Floor 0 Fence Chain Link 00 Built-In
Doors WoodenlAvg/Gd Other N/A Microwave 00 Heated R Pool R Carport
Avg/Good Condition ConditionAvg/Gd Washer/DrYer n Finished Driveway 1/Conc
Additional features (special energy efficient items, etc.): See Attached Addendum.
Condition of the improvements, depreciation (physical. functional, and external), repairs needed, quality of construction remodeling/additions, etc.: Improve
ments are In average..good condition with no physical or functional inadequacies apparent.
.
Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the
immediate vicinity of the subject property: No adverse environmental conditions are apparent/disclosed.
S. W.Barrett Real Estate & Appralul Services
UNIFORM RESIDENTIAL APPRAISAL REPORT
SUMMARY REPORT
FrodcH Mac Form 70 6-93
PAGE 1 OF 2
Produoed using ACllOftw8l'8, fK>O.234.8727 www.aciweb.com
Fannie Mae Form 1004 6-93
Borrower: Clara E. ECKSTEIN (Estate)
Property Address: 565 F Street
City: Carlisle
Lender: Irwin & McKnight
ADDENDUM
State: PA
File No.: 07-0168
Case No.: SUMMARY REPORT
ZiD; 17013
Additional Features
Kltchenllaundry/gal'lge addition [12 x 30], lome appllancel replaced, tile backaplalh; Inlulated replacement w1ndo_ inltalled; hardwood f1ool'11 under
carpeting; lower level !tnllhed, 3 rooml & bath; enclOled porch; fenced yard; frame Ittol'lge Ihed.
Addendum Page 1 of 1
Comments on Cost Approach (such as, source of cost estimate,
site value, square foot calculation and for HUD, VA and FmHA, the
estimated remaining economic life of the property):
Cost Approach [from Marshall/Swift Valuation Service
handbook and local cost analYSis] was considered. but
deemed not credible due to the age of the
improvements. Site value from Market Data.
Depreciation based on age/life. observed condition and
Market Data Analysis. Estimated remainina Economic
Life Is 40-45 years.
Valuation Section
S. W.Barrett Real Estate & Appraisal Services
UNIFORM RESIDENTIAL APPRAISAL REPORT
ESTIMATED SITE VALUE. . . . . . . . . . . . . . . . . . . . . . . . . . . = $
ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS:
Dwelling Sq. Ft. @ $ = $
Sq. Ft. @ $ =
45,000
.
=
: Garage/Caport _ Sq. Ft. @ $ =
. Total Estimated Cost New,,, " " .. r " " "" = $
Less Physical Functional External Est. Remaining Econ. Life:
· Depredation = $
Depreciated Value of Improvements . . . . . . . . . . . . . . . . . .. = $
.As-is. Value of Site Improvements. . . . . . . . . . . . . . . . . .. = $
INDICATED VALUE BY COST APPROACH. . . . . . . . . .. = $ N/A
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2
565 F Street 558 F Street 800 Redwood Drive
Address Carlisle Carlisle Carlisle
Proximity to SUbject ~"" 0.02 MI SE ~
Sales Price $ N/A $~~$
PricelGrossUv.Area $ 0.00 ItI $ 121.73 1tI~ $ 129.25 ItI
Data and/or Inspection
Verification Sources Crt.Hs.Records MLS/Courthouse Records
VALLEADJUSTMENTS _DESCRIPTION DESCRIPTION I + (-)$ Ad'ustment
Sales or Financing None, Cony :
Concessions DOM 20 :
Date of SalelTime 8/06:
Location Suburban Suburban '
LEllI5ehoklifeeSirole Fee Simple Fee Simple :
Site LotlAvg [.22] LotlAvg [.2n :
View Residential Residential I
Design and Appeal Ranch/Ava Ranch/Ava :
I QJaIlylt~ Avg/BrlcklAlum Avg/Alum/Brick:
Age 35 Yrs 35 Yrs I
Condition Avg/Good Ava/Good :
Above Grade Total I Barn. I Baths Total : Barna I Bath. :
Room Count 4(] 5: 2: 1.00 6: 3: 1.00 I
Gross Uving Alea 1.281 8o.Ft. 1.215 So.Ft. :
Basement & Flrlished Full Bsmtl Full Bsmtl :
· I
Rooms Below Grade 3 Rms/Bath Rec Room I
. Functional Utility 2 Bedroom 3 Bdnn/Superior:
Heating/Cooling GFHAlCA GFHAlCA :
· Energy Efficient Items Typical Typical :
Garaae/Carport 1 Car Garage 1 Car Garage :
Porch, Patio, Deck, Enclsd.Porch/ Patio/Shed :
Fireplace(s). etc. Patio/Shed/Fncg I
Fence, Poot etc. None None :
SUMMARY REPORT
File No. 07-0168
COMPARABLE NO.3
142 North Orange Street
Carlisle
0.71 MI SW
159,750 I^ --~- -.^. ~$ 155000
.' "$ 107.421t1 ..... n",
MLS/Courthouse Records
DESCRIPTION I +(-) $ Adju_t
None,Conv :
00M4 :
11/06 :
Suburban '
Fee Simple :
Lot/Avg [.31] :
Residential I
Ranch/Ava :
Ava/BrlcklFrm :
47 Yrs I
Avg/Good :
2.600
T atal : Mma: Baths :
6: 3: 1.50 I
1.236 SQ.Ft. :
Partial Bsmtl :
I
Family Room I
3 Bdrm/Superior :
Radiant/None :
Typical :
2 C Intgrl. Gar. :
Scrnd. Porch :
,
,
-1,000
1800
1,000
-2,000
1,000
-2,000
2,500
-5,000
2,000
2,500
.
None
MLS/Courthouse Records
DESCRIPTION I +(.)$ Adju_t
None,Conv :
OOM 21 :
5/07 :
Suburban I
Fee Simple :
LotlAvg [.44] :
Residential '
Ranch/Avg :
Avg/Brick :
57 Yrs I
Ava/Good :
Total I Bctms I Baths :
6: 2: 1.00..:
1,443 Sq.Ft. :
Full Bsmtl :
I
Unfinished I
Similar :
OHW/None :
Typical '
1 Car Garage :
Scrnd.Porch/FP :
I
-6,500
5000
o
2500
1,000
None
:
,
I
Net Adj. (total) X + - I $ 4.100~X _ '$ 700 XJ + l J _ '$
Adjusted Sales Price I Gross; 9~ j '"
of Comparable $ 152.000 $ 159,050 I ~"L ,. $ 157000
Comments on Sales Comparison (including the subject property's compatibility to the neighborhood. etc.): All com parables are similar in style. utility.
and location to the sublect property. are verified closed sales and are the best currently available. Adjusted range of value is
$152 000 to $159 000.
2000
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3
Date, Price and Data
Source for prior sales None None None None
Ytithin year of appraisal CH R Courthouse Records Courthouse Records Courthouse Records
Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables oMthin one year of the date of appraisal:
No recent recorded transfers were found.
INDICATED VALUE BY SALES COMPARISON APPROACH .....................................................$ 155,000
· INDICATED VALUE BY INCOME APPROACH (If Aoolicable) Estimated Market Rent $ N/A /Mo. x Gross Rent Multiolier N/A = $ N/ A
This appraisal is made 00 "as is. 0 subject to the repais, alterations, inspections or lXlIlditions listed below 0 subject to completion per plans and specifications.
Conditions of Appraisal: The property has been appraised In current condition. This appraisal is for client only. nontransferable. See
attached addendum.
Final Reconciliation: Cost and Market AnalYSis consistently support my estimated market value. GRM analysis was found
Inappropriate for this analysis. Greatest weight Is applied to the Market Data Analysis. Supporting file information
. substantiates these estimates.
The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent
and limiting conditions. and market value definition that are stated in the attached Freddie Mac Form 439IFannie Mae Form 1004B (Revised 6/93 ).
I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OFTHE REAL PROPERTY THAT IS THE SUBJECT qETHIS REPORT, AS OF 4/9/2007 [000]
· (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT~TO BE 155.000" .
, ~PPRAJSER: /J ./# /) /t ~/ S.U V1SO~ ~~(O~LYIF)u:~
Signature U?A4.A~ add ~~lI= Signa - , L- ODid OODid Not
Name Cassandra J. Crockett Name Steven W. Barrett, SRPA, SRA Inspect Property
Date Report Signed 05/07/2007 Date Report Signed 05/07/2007
State Certification # RL-001348-L State PA State Certification # GA-000298-L State PA
Or State License # State Or State License # RB-026921-A State PA
Freddie Mac Form 70 6-93 Certified Residential PAGE 2 OF 2 Certified General Appraiser Fannie Mae Form 1004 6-93
Appraiser
Produced using ACI JOftw..., 800.234.8727 www.aciweb.QOl1I
S.W. Barrett Real Estate & Appraisal Services
Case No SUMMARY REPORT
Property Address 665 F Street
City Carl!sle
Borrower Clara~. ECKSTEIN (Estate)
Lender/Client Irwin & McKnight
Appraiser Name Cassandra J. Crockett
Bedroom
b
....:
N
Comments:
SKETCH/AREA TABLE ADDENDUM
File No 07 '()168
County Cumberland
Slate PA
Zip 17013
UC Address 60 West Pomfret Street, Carlisle, PA 17013
Appr Address
21.0'
b 1---::--';----------:-------------1 ~
~ I ""'" ._. ~ 12_' !
B~
K"rtchen
Bath
Dining Room
I
I I I I I I I I I~
'=!
-
N
Garage
'=!
-
t\I
Bedroom
Living Room
43.0'
12.0'
Scale: 1 = 10
AREA CALCULATIONS SUMMARY
LIVING AREA BREAKDOWN
Code Description Size Totals Breakdown Subtotals
GLA! First FJ.oor 1281. 00 1281.00 I!'irst l!'J.oor
PIP EncJ.osed Porch 266.00 10.0 x 12.0 120.00
Patio 267.00 533.00 27.0 x 43.0 1161. 00
GAR Garage 252.00 252.00
TOTAL LIVABLE
(rounded)
1281
2 Areas Total (rounded)
1281
APEX SOFTWARE 8~58-a9S8
AoOOIl00-wAp..U
SUBJECT PROPERTY PHOTO ADDENDUM
File No.: 07-0168
Pro ert Address: 565 F Street Case No.: SUMMARY REPORT
~i!Y~~OiIrli~I~_____~______________________________~!,!te: PA..____________ __Zip:_UQ1=!__ ______ _____
Lender: Irwin & McKni ht
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: April 9, 2007
Appraised Value: $
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Borro er: Clara E. ECKSTEIN Estate
Pro ert Address: 565 F Street
gity:J~~!I!~I~~________________ ____ __ _____ ____ ____________
Lender: Irwin & McKni ht
File No.: 07-0168
Case No.: SUMMARY REPORT
-J>t~1~~J)A--_______~______~ip~JI01;3 ___________ ___
o
.
N
:a....
CI,)
:a....
o
-
Q.
><
LrJ
U
lIo,.
c(
-
IX
en
LrJ
'"
0
0
,..... (\J
...-l 1.0
I
n.. >.
eu
0 ......... ~
Z +- .........
X +- >.
w ......... Q) X
+- Q)
n.. x f- eu
n.. <U '-' I- '"0
~ f- 0 '-' Q) c::
'-' c:: E .... ~
<( c:: +- U (/)
"a. 0 '"0 eu
~ +' +'
+' +' ro ro
<( ro ro ~ ~
() +- +-
.-t
(/) ....... ...-l VI
.-t VI
-l VI VI Qi Qi
w Q) Iii ~ u
() u u ....
a:::: .... .... eu ro
<( eu ro a. 0-
n.. 0- a.
D
.....
Q)
Q)
a..
.....
(/)
L&.
an
CD
an
COMPARABLE PROPERTY PHOTO ADDENDUM
Borrow$lr: Clara E. ECKSTEIN (Estate) File No.: 07-0168
Property Address: 565 F Street Case No.: SUMMARY REPORT
G!tY:J::!'I1i~le___ ..... . ..--- --..--.-.-.___...__._........ . .._..__~... ----$t~t~~-PA------_.__.._.____......Zjp:..HQ13.._..__
Lender: Irwin & McKniaht
COMPARABLE SALE #1
556 F Street
Carlisle
Sale Date: 8/06
Sale Price: $ 147,900
COMPARABLE SALE #2
800 Redwood Drive
Carlisle
Sale Date: 11/06
Sale Price: $ 159,750
COMPARABLE SALE #3
142 North Orange Street
Carlisle
Sale Date: 5/07
Sale Price: $ 155,000
I
,
I
I
,
I
I
j
,
I
f
I
,
I
I
I
I
L... _ ... ~ _ ~ _ ___._. . ~.. _. _ .. __.
LOCATION MAP
File No.: 07..0168
Pro rt Address: 565 F Street Case No.: SUMMARY REPORT
~ity: C~rU~!l!_'-----___'_'__.~_____________._______~Jate: PA. ZiQ: 17013
Lender: Irwin & McKni ht -- _._~----._----.____ ____.._
I J
I
I
I
I
I
I
I
I
I
I
I
I
I
!
I
I
I
I
I
i/ / I
l~ I
I --____ I
, I
I
I
~
~
! ,
, I
HORTNFIHD DR~~
T--..~. fi-
f -r~
-. H
--. ,
47H AVE
\
3RO ST
:3ND AV
A S7
J -~;1 ~-
is LINC&.N S1
- -"!.
._~
!
I
I
r
I
\
I
I
I
I
,
I
i
I
i
I
I
I
I
!
i
I
I
I
'"
,.
't
.J
!"
...
j;!'
3' "," - -~-TJt--<.J --==r.' --. DoBLER AvE: ;~-
~ c,o$' <t
I '" "-
til t: _______ '4 0/
@----l ~I' :1' f---~' ----------n' ~ .'
f <t ~ / 'CiJ
W LOU7NER $7 I ~ ~ --.BEED ST.--:.< ___ _, ~
rl ... ; __//~'~ ;;
l .. j
.~.
^"I'-" \ I.;c.....-' .'
S~:/
_. .,... '- _. -- - '\Ii-H-"H S1-- --- - - - - ..-
/ --"!'" """'.c" "---!
Scale:
1.00 Mlles
Prepared by Steven W. BarrettRE Appr. Svc. (717) 243--6646
, 10 Address Date
s 565 F ST RIA
1 558 po ST 8/06
1 SOO REDwrJOD DR 11/06
3 142 N ORARGE ST 5/07
Price
HIli.
147900
159750
155000
RM BR Bath S Ft Proxlmib
S 2 1 1281 0.00 HI
6 3 1 1215 o .02 l~I se:
IS 3 1.5 1236 0.11 M.I ssw
6 2 1 1443 0.71 HI sw
,
I
I
I
!
I
u.uj
---._._----,------------~._~- ---~---_..~_._-.._.__.._._-
SUMMARY REPORT
Fie No. 07-0168
*~UUUit QUALIFICATIONS loUfoUit**
The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the
inspection of the subject property, the com parables sales, and their neighborhoods and locations. Unless otherwise
noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET
VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home
inspection service. This is an appraisal to estimate market value.
_1. The subject is located in a rural area and is less than 25% built-up.
_x_2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar
neighborhoods.
_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for
the area.
_4. The predominant value in the neighborhood is less than that of the market value of the subject property. This
is due to the very wide range of value of properties in the area and superior quality of the subject property.
_5. The subject property Is located In a F.E.M.A. Identl1'iedFlOM Zone. FloM InsUf3nCe Cover3ge 1$ reqUited 3M
suggested.
_i3. Dampness is noted fn the basement of the subject. Standing or tul'ming water was not present on basement
floor. This condition is considered typical in dwellings of this style.
_7. The subject property is serviced by private well andforseptic systems which is common for the area.
_x_8. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing
systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement.
_9. Repair items were noted in the comments section of the report. These comments on repair items are for
descriptive purposes only and are not required repairs. The items listed are cosmetic in nMure.
I
I
i
I
1
,
i
I
i
I
I
I
,
j
I
I
i
I
I
I
I
!
_10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a
health or safety hazard.
_11. The subject property does contain functional obsolescence as noted in the report. This condition is
considered typical and common for the area and this style dwelling.
_12. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This
condition is considered common and typical for the neighborhood.
_13. The land value exceeds 30% of total value. This is due to the large size of the site. This condition is
considered to be typical and common.
_14. Individual adjustments were required that exceed 15%. These adjustments were required due to lack of more
similar comparables on that individual rating. All com parables used are the best available.
_15. Total adjustments exceed 25%. This is due to the lack of comparable sales that were more similar in the
subject's market area. All com parables used are the best available.
_x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the
subject's area, none have sold recently; therefore. sales in excess of six(6) months have to be used. All com parables
used are the best available.
_17. One or more com parables used were in excess of one (1) mile from the subject property. Although there are
comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable
sales outside of the immediate area. All com parables used are located In similar neighborhoods and within the same
marketing area. All comparables used are the best available.
_18. The electrical system was not connected during inspection.
_19. The water service was not connected during inspection.
_20. The heating system was shut down during inspection.
_21. Roofing_Plumbing_Electrical_Heating_certificatiOn(s) is/are suggested.
22. Inground swimming pool_. out buildings_are Included_,not included_according to lender's
guidelines.
_23. According to lender's guidelines a maximum of_acres were consIdered for this valuation. Remaining
acreage was given no value.
SUMMARY REPORT
Fie No. 07...Q168
********* QUALIFICATIONS *********
_24. The subject property is located on a private road.
_25. Wood infestation inspection is suggested.
_x_26. Last recorded deed transfer: Date_3/30/1995_. Consideration: $1.00
_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 future marketability in
the Appraisal Report.
CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING
INSPECTION.
SUMMARY REPORT
File No. 07-0168
t.IlUUAU QUALIFICA liONS "IU.UUU
Confidentiality and Security Polley
We consider privacy to be fundamental to our relationship with clients. We are committed to maintaining the
confidentiality, Integrity and security of clients' personal Information. Internal policies have been developed to protect
this confidentiality, while allowing client needs to be served.
We restrict access to personal information to authorized individuals who need to know this information to comply with
federal standards to protect your nonpublic personal Information. We do not disclose this information about you or
any former consumers or customers to anyone, except as permitted by law. The law permits us to share this
information with our affiliates. The law also permits us to share this Information with companies that perform
marketing.
When we share nonpublic information referred to above, the information Is made available for limited purposes and
under controlled circumstances. We require third parties to comply with our standards for security and confientiality.
We do not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent,
sell, trade or otherwise release or disclose information to any other party.
Education
As. of the date of this report, I and/or Steven W. Barrett, SRPA, SRA, have completed the requirements under the
continuing education program of the Appraisal Institute.
SUMMARY REPORT
File No. 07-0168
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 well 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
is 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 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 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 market's 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 matters 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 title. 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 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 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
items that were 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 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 completion of the improvements will be performed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the
appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to
any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the
mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally
approved financial institution; 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 of 2
Fannie Mae Form 100466-93
SUMMARY REPORT
File No. 07-0168
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 consideration 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.
3. 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 direction in value that favors the cause of the client or any related party,
the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my
compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a
specific valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity 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 as of the effective date of this appraisal,
with the exception 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 definition of market value and the estimate I developed is consistent with the
marketing time noted in the neighborhood section 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 property and the exterior of all properties listed as comparables
in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the
subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these
adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented
about the effect of the adverse conditions on the marketability of the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were set 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 the specific tasks performed by them in the reconciliation section 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 made to the appraisal report, I will take no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies
and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the
statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking
full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 565 F Street. Carlisle. PA 17013
APPRAISER:
Signature: gA~; ~tI-
Name: Ca88andra J. Crockett
Date Signed: 05/07/2007
State Certification #: RL-001348-L
or State license #:
State: PA
Expiration Date of Certification or license: 06/30/2007
SUPERVISORY APPRAISER (only If required)
~g",ru,., ~ vJQrt
Name: Steven W. Barrett. SRPA. SRA
Date Signed: 05107/2007
State Certification #: GA-000298-L
or State license #: RB-026921-A
State: PA
Expiration Date of Certification or license: 06/30/2007
o Did 00 Did Not Inspect Property
Certified Residential Appraiser
Freddie Mac Form 439 6-93
Certified General Appraiser
Page 2 of 2
Fannie Mae Form 1004B 6-93
3 2300 10 094234943 09480001 03507600 81 89
L 2300
Authorize your sale of
Prudential Financial, Inc. shares.
ESF
D
You currently own 52 shares ofPmdential Financial, Inc. Common Stock. If you
choose to sell ALL of your shares, you may sign and return this card in the
postage-paid envelope provided at any time.
To sell only a portion of your shares, please use the Intemet or telephone.
NOTE: A transaction fee will apply when you buy or sell shares.
Please use blue or black ink. See back of card/or more b?formatioll.
1...111...111......11..111,1.11..111.1.1.11,,1.111..1.1.1'1111
CLARA E ECKSTEIN
565 F ST
CARLISLE
PA 17013-1350
p\~\
~
;f})
"
\)
~
i
~
o
o
o
-
-
-
00419.0000000085367230010 81 0094234943 . 3 DIGIT
;
'.
ACCOUNT NUMBER
OlJ42 34lJ43
TELEPHONE PIN INTERNET PIN
7921 9397 7921 9397
See back for more Information.
..
.J
fiX
;, SIGNATURE 'D"'~1"'f'V' ""'.,.-."v'" 'f ",,'0 r' .. ''" ~,'~ '" "'1""" .,.' ,.-
_" . ,A, !:.)j~.,.~~j At, ~i~.;.;>!-;;;:;';;j'::,~, ,;,{p',.__,,~ .,'.";'jL.<.; UP:::.: l:i'\': .,', <.':;t:' ,,~;~""':. ,~;..
All persons listed above must sign exactly as name(s) appear, I (we), owning 1,000 shares or fewer of Prudential Financial, Inc. Common Stock, do hereby irrevocably authorize
the sale of shares as indicated above. I (we) agree to the terms and fees of the EquiServe Sales Facility as described in the brochure dated September 2003.
Substitute Form W.g
DeTtlell here.
Certify your Social Security Number
or Employer Identification Number.
I
2247 3 2300 10 094234943 0000000520000 10
If you uu not ~[HH~lbt'!J; ~~!~~J f\-:Lj'
of any cash payment 1')U fee,,;'),,!,
Certification: Under penalties of perjury, I certify that (1) the number shown on this card is my correct
Taxpayer Identification Number and (2) I am not subject to backup withholding because (a) I am exempt
from backup withholding or (b) I have not been notified by the IRS that I am subject to backup withholding
as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer
subject to backup withholding and (3) I am a U.S. person (including a U.S. resident alien). You must
cross out item (2) above if you have been notified by the IRS that you are currently subject to backup
withholding because you have failed to report all interest and dividends on your tax return.
00419.000 0000085367230010 81 0094234943 . 3 DIGIT
CLARA E ECKSTEIN
565 r ST
CARLISLE PA 17013-1350
Check here
if you are
exempt from
backup
withholding.
\J
The Taxpayer 10 written above is my:
SOCIAL SECURITY
NUMBER
,~
:'1
"
'.
EMPLOYER IDENTIFICATION
NUMBER (for businesses)
nV
Sovereign Bank
ESTATE OF
SOCIAL SECURITY #:
DATE OF DEATH:
Clara E Eckstein
154-18-8707
April 9, 2007
Account #: 1675422503 Type:
In the name of: Clara E Eckstein
Date of Death Balance:
Int.(YTD) from 1/1/07 to
Accrued interest to date of death:
Other Info:
CD
Open date: 12/18/02
$17,414.14
3/31/07
$16.65
$149.00
Account #: 2895395347 Type:
In the name of: Clara E Eckstein
Date of Death Balance:
Int.(YTD) from 1/1/07 to
Accrued interest to date of death:
Other Info:
CD
Open date: 10/2/97
$25,000.00
3/31/07
$22.60
$203.43
Page 1 of 1
m M&fBank
499 Mitchell Road, MiIIsboro, DE 19966 Mail Code DE-MB-12
Phone (888) 502-4349
Fax (302) 934-2955
April 24, 2007
Law Offices
Irwin & McKnight
West Pomfret Professional Building
60 West Pomfret Street
Carlisle, Pennsylvania 17013-3222
~1~iUWli~
APR 2 6 2007
Re: Estate of" Clara E Eck'ltein
Social Securitv: 154-18-8707
Date of Death: April 09. 2007
IK V\o'I1\T & McKNIGHT
Dear Sir or Madam:
Per your inquiry dated April 20, 2007, please be advised that at the time of death, the above-named decedent had on deposit
with this bank the following:
1.
2.
Type of Account Checking Account
Account Number 1084011
Ownership (Names of) Clara E Eckstein *
Opening Date 01/17/91
Balance on Date of Death $33,394.39
Accrued Interest $ 0.00
.'. .... .-.'-'.~'.... ..... .. .. . .'... __,.,..~_.""H_'"
Total $33,394.39
Type of Account Certificate of Deposit
Account Number 031003913027213
Ownership (Names of) Clara E Eckstein *
Opening Date 10/27/05
Balance on Date of Death $4,856.26
Accrued Interest $ 69.86
Total 12
Please be advised, there was no safe deposit box fOlUld for the above decedent. * For further account information,
regarding ownership, closures and/or reimbursement of funds, etc., please call the Stonehedge Office # 717-240-
4524.
Sincerely,
J1l?'fr/~~
Nancy Clagett
Records Management
CLARA E. ECKSTEIN ESTATE
d/o/d - APRIL 9, 2007
Appraisal by:,
Harry E. Danson
CARLISLE COIN SHOP
25 Circle Drive
Carlisle, PA 17013
243-8943
It ~ J'11-e Jc? I /~ v~ --
II - I f ~ ~ / ( )-- tD 0 t I ~ -V ~.
/fJ7rJ
(I
3 5--0
"
I -- () J),,1 ~ ~
"-
It (t--Jt'-Q ~ ,,4
I~~
~
-- v'V
3--
~vL
--g iJ u~~~
cl7 ~(D
j