HomeMy WebLinkAbout10-03-07 (2)
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15056051058
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
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
County Code Year
9- \ (3\
File Number
~a
Date of Birth
170-12-7256
05/02/2007
02/16/1920
Decedent's Last Name
Suffix
Decedent's First Name
MI
Rightnour
Milton
w
(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
. 1. Original Return
2. Supplemental Return
3. Remainder Retum (date of death
prior to 12-13-82)
5. Federal Estata Tax Return Required
4. Limited Estate
4a. Future Interest Compromise (date of
death after 12-12-82)
7. Decedent Maintained a Living Trust
(Attach Copy of Trust)
10. Spousal Poverty Credit (date of death 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. 0)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
.
6. Decedent Died Testate
(Attach Copy of Will)
9. Litigation Proceeds Received
8. Total Number of Safe Deposit Boxes
Michael S. Travis
Firm Name (If Applicable)
Attorney at Law
First line of address
(717) 731-9502
REGISTER OF WILLS USE ONLY
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,
3904 Trindle Road
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Second line of address
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.
,
c.)
City or Post Office
State
ZIP Code
DATE f(k-En)
) '-n
~
Camp Hill
PA
17011
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Correspondent's e-mail address:mst@mtravislaw.com
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it Is true. correct and complete. Declaration of preparer other than the personal representative Is based on alllnfonnatlon of which preparer has any knowledge.
:~:~::K~~S~~~::~~~:~~_~~.. .._ ...~__"__~'__.__'''___'''_ __._ ..__..J1~..7/c2~7
210 E. Loc~_st Str ._ !?~h_~~lcsburg, _ P A__~ 705'?__M'___'___ .__________._.____.._____.______..____.______.
OTH R THAN REPRESENTATIVE
DATE ~
7-'27
ADORE
3904 Trindle Road, Camp Hill, PA 17011
PLEASE USE ORIGINAL FORM ONLY
Side 1
L
15056051058
15056051058
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14. Net Value Subject to Tax (Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . . . . . . . 14.
,",~.~._.,.".._--~.----~,-,-~~----~_.~.',~~.._,~.~..~,~""<>>_.','.~~*..~,,~_.".c....,"' ~"~~"""^'_"'.~'~".'?",'''.'~.~,~"'~~.'.wn',o_<''_....~,,,....'",.~ ,__~,..<._.,~."..,__,,,..,",,,,,,,,
TAX COMPUTAnON - SEE INSTRUCTIONS FOR APPUCABLI! RATES
15. Amount of Line 14 taxable
at the spousal tax rate. or
transfers under Sec. 9116
(a)(1.2) X .0_
16. Amount of Line 14 taxable
at lineal rate X.O_
17. Amount of Line 14 taxable
at sibling rate X .12
18. Amount of Line 14 taxeble
at collateral rate X .15
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15056052059
REV-1500 EX
Oecedent's Name:
RECAPlTULAnON
Milton
W Rightnour
1. Real estate (Schedule A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.
2. Stocks and Bonds (Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.
3. Closely Held Corporation, Partnerahip or SoIe-Proprletorahlp (Schedule C) .. . .. 3.
4. Mortgages & Notes Receivable (Schedule 0). . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4.
5. Cash, Bank Deposita & Miscelleneous Personal Property (Schedule E) . . . . . . .. 5.
6. Jointly OWned Property (Schedule F) CJ Separate BIlling Requested .. . . . .. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) C::; Separate Billing Requested. . . . . . .. 7.
8. Total Grose ABe_ (total LInea 1-7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8.
9. Funeral Expenses & Administrative Coate (Schedule H). . . . . . . . . . . . . . . . . . . .. 9.
10. Debts of Decedent. Mortgage Liabilities. & Liens (Schedule I). . . . . . . . . . . . . . . . 10.
11. Total Deductlone (total Lines 9 & 10).. . . .. . .. . .. . .. . . .. . .. . . .. .. . . .. .. . 11.
12. Net Value of Eetate (Line 8 minus Line 11) .. . .. .. .. .. ... . .. . .. .. . . . . . .. . 12.
13. Charitable and Govemmental Bequests/See 9113 Trusts for which
an election to tax has not been made (Schedule J) .. . . . . . . . . . . . . . . . . . . . . . . 13.
15.
16.
17.
18.
19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
20. FILL IN THE OVAL IF YOU ARE REQUESnNO A REFUND OF AN OVERPAYMENT
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15056052059
Side 2
Decedenfs Social Security Number
170-12-7256
118,000.00
0.00
0.00
0.00
44,345.79
162,345.79
12,402.70
0.00
12,402.70
149,943.09
149,943.09
149,943.09
22,491.46
15056052059
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REV-1500 EX Page 3
Decedent's Complete Address:
N
Milton W Rightnour
STREET ADDRESS
104 South Market Street
File Nllmber
DECEDENl'S SOCIAL SECURITY NUMBER
170-12-7256
CITY
Mechanicsburg
I STATE
Pa
ZIP
I 17055
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19)
2. CreditsJPayments
A. Spousal Poverty CredIt
B. PrIor Payments
C. Discount
3. Interest/Penalty If applicable
D. Interest
E. Penalty
(1)
22,941.46
Total Credits ( A + B + C ) (2)
TotallnterestlPenalty ( 0 + E ) (3)
4. If Una 2 is greater than Une 1 + Una 3, enter the difference. This is the OVERPAYMENT.
Fill In oval on Page 2, Une 20 to request a refund. (4)
5. If Una 1 + Una 3 is greater than Una 2. enter \he difference. This is \he TAX DUE.
A. Enter the interest on the tax due.
J~. <;'4 l. ~(.,
B. Enter the total of Una 5 + 5A. This is the BALANCE DUE.
(5)
(SA)
(58)
'J:1, '14' ~(o
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN .X. IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property IransfelT'ed;.......................................................................................... 0 [i]
b. retain the right to designate who shaH use the property IransfeIT'ed or its income; ............................................ 0 [iJ
c. retain a reversionary interest; or.......................................................................................................................... 0 [i]
d. receive \he promise fur life of either payments, benefits or care? ...................................................................... 0 [iJ
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .............................................................................................................. [iJ 0
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. 0 [iJ
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ........................................................................................................................ 0 [iJ
IF THE ANSWER TO ANY OF THE ABOVE QUESnoNS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
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. 59116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent
(72 P.S. ~9116 (a) (1.1) (ii)). The statute does not exernot 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 paren~ or a stepparent of the child is zero (0) percent (72 P.S. 59116(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-hatf (4.5) percent, except as noted in
72 P.S. 59116(1.2) [72 P.S. ~9116(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. ~9116(a)(1.3)J. 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.
FILE NUMBER
21-07-0462
ESTATE OF
Milton Wayne Rightnour, aka Wayne M. Rightnour
AU real pro~rty owned solely or as a tenant In common lYNst be reported at fair marllet value. Fair market value Is defined as the price at which property would be
exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts
Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
I 2 Story 5 duplex, single family residentlai dwelling, located at 104 S Market Street
I Mechamcsburg, PA 17055, Part of Lot No 200, transferred to decedent by Charlotte and
I -
Wayne Rightnour by deed on September 10, 1975 in the Office of the Recorder of Deeds Book
VALUE AT DATE
OF DEATH
for Cumberland County, Deed Book F, Vol. 26, P 995. Title was subsequently conveyed
to Wayne Rightnollf on the death of Charlotte Rightnour by operation of law on
,
I August 29, 2006
I Single unit cabin, located at 14357 McCalmont Road, Roxbury, Franklin County,
2.
56.00000
Lots 5&6; transferred to decedent by John C. Diehl and M. Pauline Diehl, his wife by deed
dated January 3,1975 and recorded February 7,1975, Franklin County Recorder of Deeds
I
I Deed Book 709, Page 604. Title was subsequently conveyed to Wayne Rightnour on the
I death of Charlotte Rightnour by operation of law on August 29,2006.
TOTAL (Also enter on line 1. Recapitulation) $
Ilf more space IS needed. 'Insert additional sheets of the same size)
RiEV, 1505 EX . (&,\)8':\
SCHEDULEE
CASH, &ANK DEPOSITS{ & MISe.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANLA,
tNHERITANOE TAX RETURN
RESfDENTDECEDEN1r
ESTATE OF
Milton W. Rightnour
FILE NUMBER
Include the proceeds of litigation and the date ttle proceeds were recelved by the estate.
All prop.rty jolntly-owned with right of survivol'lhip must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Money Market Account Citizen's Bank xxxxxx-632-5 3Q,,599.94
2 Checking Account Citizen's Bank xxxxxx-043-7 5,719,81
3. 1987 Dodge Pick Up Truck 110.00
4. Household Goods and Furnishings 100.00
5. Prudential Insurance Premium Refund 6,555.98
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
44,345]9
Rf:V:.151'illex+~.
COIoIIIOINN't'SlH OF P9INS1fl~
~T.u RETURlNI
RESlIDIEINf DECIEl[lIElNf
SClllDULI .
Im1l-VNOS 1RANSfBS &
MISt. NOt+PI08A1E PROPEI1Y
ESTATE OF FILE NUMBER
Milton W. Rightnour
This schedule must be completed and flied if the anawer to any of questions 1!hrough 4 on the l'8Ve1'1l8 side of the REV-1500 COVER SHEET is yes.
ITEM ;11 DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECD'S EXCLUSION
1HCI.UllE'M! MNolI! OF 'M! lIWISI'!N!E, nER RI!I.AT1ClNSHIITO DECEDENT /IKJ TAXABLE
NUMBE THE DATE OF 'IRAN8FEIl ATTACH A COPV OF THE DEED FOR REAL ESTATE, VALUE OF ASSET INTEREST IIF APflIJCAIIlEI VALUE
1. Bonnie Dye, fka Bonnie Clark, friend of decedent joint money market acct 30,599.94- 100 30.599..94
Citizen's Bank acct no. xxxxxx-632.5 '0- I ~ ~ 0 c..
2. Bonnie Dye, fka Bonnie Clark, friend of decedent, joint checking acct 5,719.87 100 5,119..84
Citizen's Bank acct no. xxxxxx-043-7 I o.~ { fI ~ 0 "
both account rights of survivorship reported on Schedule E
TOTAL (Also enter on line 7 Recapitulation) $ 36,319.78
(If more epec:e ie needed, ineert additional thee.. of the eeme tin)
REV-iSH EX+ (12-99)
*'
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
Milton W. Rightnour
FILE NUMBER
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A.
DESCRIPTION
AMOUNT
1.
FUNERAL EXPENSES:
Myers Funeral Home
9,665.00
B.
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative(s) IBonflte Dye, fka Bomie Clark
Social Security Numbe~s)/EIN Number of Personal Representative(s)
Street Address 210 E locust Street
160.00
;:>" -
'73?3:'11
City Mechanicsbucg
Year(s) Commission Paid: 200'7
State PA
Zip H055
2.
Attorney Fees
1,600.00
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
5. Accountant's Fees
6. Tax Retum Preparer's Fees
7. Advertising
8. Appraisals
160.00
142.70
615.00
TOTAL (Also enter on line 9, Recapitulation) $
(If more space is needed, insert additional sheets of the eame size)
12,402.10
[gJ~[fj1
Hardy's Auction Service
193 Orebank Rd
Dillsburg, P A 17019
717-432-3779
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Michael Travis
3904 Trindle Rd
Camp Hill, PA 17011-4296
717 -731-9502
Michael,
Attached is the appraised value for the Estate of Wayne Rightnour, 104 S. Market
St., Mechanicsburg, PA 17055. The fee for this service is $75.00.
Sincerely,
.";?-.. // , J'I/r'
J' l' " Y'flj ",4,' ,,'.
,!..'j(/tl:2.~, ,>1 . {.(/t-.t~-
Vickie Hardy
AU-2795-L
Note: I discussed the following options with Bonnie.
On Site Auction of personal contents 9% plus expenses (advertising and if needed tent,
porta pot, auction crew) and 1 % of selling price for real estate or sellable items taken to
auction house 40%.
Appraisal for the Estate of Wayne Rightnour
ITEM AMOUNT
WASHER 10.00
DRYER 5.00
METAL CABINET 2.00
POTS - PANS - DISHES - KITCHEN ITEMS 15.00
-.--
TABLE 1.00
TABLE W/CHAIRS 50.00
ROCKER 10.00
KITCHEN CABINET 35.00
MSC KITCHEN ITEMS - DISHES - FLATWARE - CUPS - POTS - PANS UTENSILS 30.00
UTILITY CABINET 5.00
TREDLE SEWING MACHINE 30.00
DINING ROOM SUITE 35.00
~-~---- -----.
ROCKER 15.00
-~_.._--~--_._--._----- -~-,--~--". --"~----~._---'---'- .--- ----
SOFA 30.00
e------------'------"-------------- .--.--------..--- -- ---
CHAIR 5.00
f------------------.. ----- ---------. .....--.---.-.
ROCKER 5.00
--
CONSOLE TV 5.00
LIGHTS - PICTURES - KNICK KNACKS 35.00
CHEST OF DRAWERS 2.00
WALL MIRROR 20.00
---
BED 15.00
-- 10.00
MET AL WARDROBE
DRESSER W/MIRROR 35.00
DESK 5.00
ROCKERS 2 @ 10.00 EACH 20.00
SGL BED 10.00
.-
WD DESK 10.00
CHEST OF DRAWERS 10.00
WASHSTAND 35.00
CABINET 10.00
MARBLE TOP WASHSTAND 50.00
~-
DESK 10.00
~-----
BLANKET CHEST 25.00
MET AL WARDROBE 10.00
---- 10.00
BLANKET CHEST
--
STANDS 2 @ 10.00 EACH - I 20.00
..._-------~--_.~..~.- -- -~_..-.._..__.~----_._-------_.._-
METAL WARDROBE \ 20.00
--~~-~- --~------._------~-- -----r--
CHAIRS 5.00
.~-- 10.00
ROLLAWAY i
- -r----
MISC HOUSEHOLD ITEMS i 35.00
700.00
!File No, 07051331 Paae #21
APPRAISAL OF REAL PROPERTY
LOCATED AT:
104 S, Market Street
Mechanicsburg Borough. Cumberland County
Mechanicsburg, PA 17055-6328
FOR:
Estate of Wayne M. Rightnour
104 South Markel Slreel
Mechanicsburg, PA 17055
AS OF:
OS/21/2007
BY:
FairWay Appraisals
Chris H. Davis. PA Cer1ifled R.esidential Appraiser
218 Putters Circle
Dillsburg, PA 17019
PHONE: 717-432-8586
FAX: 717-432-8565
Fool1 GA6 -- "TOTAL lor Windows" appraisal soNwara by a la mode, inc, - 1.aOO.ALAMODE
iFile No. 07051'331 Paue #41
SUMMARY OF SALIENT FEATURES
Sub/eot Addre" 1 04 South Market Street
Legal DUfiGriplion Deed Relerence; 26F-99S
Ctty Mechanicsburg
euumy Cumberland
State PA
.
lip Code 17055-6329
Census Tract 0114.00
Map ReferllflCe ADC Hbg 3116!.J-7
Sale Plice $ NA
Dale or Sale NA
Burrower j Client Estate of RightnoUf
Lender
Sile (Square Feet) 1.936
Plice per Square Foot S
Location AVERAGE
Age 107 YEARS
Gondrtion AVERAGE
Total Rooms 6
Bedrooms 3
Baths 1
",.,ppraiser Chris H. Davis, Cerlified Residential .Appraiser
Date 01 Appraised Va~Je 0512112007
final Estimate of Value $ 62,000
Fonn SSD - "TOTAL for Windows" appraisal sortware by a la mode, im;. -1.800.ALAMODE
Fairway Appraisals
:AleNo-:D705T33r1'iiire#5l
Estate of Righinour
Uniform Residential Appraisal Report File # 0705133
The ouruose or this summary appraisal report is to pravlde tile lendericlient with an accurale, and adequatelV suoported, opinion at the markel value 01 the sublect oro'leltv,
Prooerty Address 104 S, Market Street Cny Mechanicsburu State PA /jp Code 17055-6329
Borrower Estate of Rillhtnour OWner Of Public Re.cord Estate of Rillhtnour County Cumberland
Leaai Description Deed Reference:26F-995
Assessor's Palcel # 16-23-0565-056 . _. . .TaxY~ar?oQL_ R.E, Taxes $ 1,52400
N:~.Qhb.o:ft;;;()~~~f!t~:::t0~~;;;;k;;b~;.g:i9i~~_, ._'_'_'__'__~jaF..c~er:.en~e_A.QgJ:!~}JlI3!E,,~el1siJ5. Tract G 11.4.00.,
Occupant 'r Owner " Tenant [7 Vacart Special Assmments S None 'PUD HOA $ NA per year
.. Pronertv Riohts .Aooralsed I)] Fee Simple Leasehold r Other Idescribel
Assienment Tyee i Purchase Transaction . Retlnanc~_!!:ansactitJ..n_,,'~J..Q!.~r Idescober. Estate P~rposes___,.,__,,_,_,,_,.___,,___ .... __" _____.
Lender'Client Estate of Wavne M, f-:iuhtnour !\dUress 104 SOUtll Market Street, Mechanicsburq, PA 17055 "_
Is the subiect property currently oltered lor sale or hasrt been oltered lor sale in the t\'lewe months prior to the eltectlve date of this appraisal? Yes c__, No ___
Repon data source!s! used, olfefina orlce!s), and date'S}, Per Dubhe records and the MlS the sut"ecl orooertv has not been offered for sale ".,;thin the "riOf
12 months, The subiect orooerlv was not fisted for sale, as of the effective date of this aooraisal.
I [J did [] did not analyze the contract lor sale tor the sublect purchase transaction, Expiain the resll~s 01 the aoalysis 01 the contract tor sale or why the analY"ls was not
perlonned, NA
per month
Contract Price $ NA Date 01 Contract NA Is the prooertv seBer the owner of pubticrecord? ii Yes LJ No Data Source!s) NA
Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc,) to be paid by any party on behall ot the bOlTOwer' : . : Yes
. If Yes, repM the total dollar amount and describe the ITems to be paid, NA
; No
I
Note: Race and the racial composition of the neighborhood are not appraisaffadors.
c---~_~Nel9IibcmOOt!_Cliaracte.!i.!!~,_.__.__.L___~________~!:.~~~_~~~.!'!!!I.~~____,_________ __J?n.!"Unltl:!o.l!~i-"l "'11._Ple,~l1t,~~[i,~.~_Sll.~L
Location ': Urban 7: Suburban [J Rural : Property Values r--; Increasing Z: Stable [--; Declining PRICE AGE One.Unn 54 %
. Bui~-Up [7J Over 75% : ; 25-75% ,_ Under 25% : De/nand/Supply l : Shortage ;;'J In Balance 'J Over Supply $ (000) Iyrs) 12-4 Unrt 8 %
: Growth - : Rapid [oj Stable [--i Slow [ Marketing Time ~J Under 3 rIrths I';' 3-6 rIrths ['J Over 6 mtl1s 60 Low 4 I MlIHamiiy 4 %
. Neighbomood Boundaries Mechanicsburg Borotloh, The neiohborhood boundaries are indicated on the 600 High 150 i Commercial 14 %
: endosed neiohborhood map in the addenda of this reoor!. 180 Pred, 50 I Other __ 20,,:~
f1I~~Orhood _~~ription llis l)eJJ:!!l!lorhood contains properties reflecting si...rl1.ft.<I~.9.t!<'Jity~ main!!l,nance,.Q!lsigrl,..~f1J.<lr:t<_'!t"tJftityloth,!_sutJj,!(;1
fP~erty- The subject property is readily available to aI necessary facilities inc,ltJding schools, em~ent. a~,!;!J<>pJl.i!'llo,.4Vll':age_pr()per1Y,. ..._.
maintenance is observed. Emplovment is within a 5-15 minute drive rrom the subiectprOllerlv, Steadv orice increases demonstrate stabte demand.
Market Conditions (includino suonort tor the above conclusions) A search of tax records and the MLS service show orices stable. The MLS service indicates
that the tl/llical propertv sells in 3-6 months_ MOrlaaae funds are readily avaiable from a varietv af sources with conventional loans being 6,5%-7,5%
interest. fIXed 30 vr, mortaage. up to 3 points, SeUen; are not reouired to offer sales or financina cocessions, however it is occurring.
Dimensions 24' X 165' MIL Area 0_09 ACRES MIL Shape RECTANGULAR View TYPICAL FOR AREA
Specific Zonlna Classification CoN Zoning Description COMMERCIAL NEIGHBORHOOD
~,oingCol~plianceu Leg_a! .U1eg~lf1I21!2~ro,l1l1il1\1il3r.andtath~redUse)..r::].f1Io~~ingLJ.!!!egal.(gesc@eL
/.SJtle.hlghest al1ll~e_~t_~~~Of sublettJll~lll1.\' as rmproved,(or asP_fOjlose9 per pians .and spe_ci1lcatiOn,) the present ~se? I:;),VesO HO_il No, descnbe
--
Utilities Public llIl1er (describe) Public Other (describe) Oft-site Improvements -- Type
Electricity 17: Water : Street ASPHALT
Gas :7] i -: Sanrtarv Sewer c; Alley
FEMA Special Rood Hazard Area i J Yes LiJ No FEMA Flood Zone X FEMA Map # 4203620005D
Are the utilities and off-srtelmprovements typical tor the market area? 01 Yes ,1 No If No. describe
Are t~rea.ny"ad!e.rs.~~e,~~ns or ~e~l!.aet~~J~~!61nents'llI1cro~hr11~r!s,~~vlronm~nt.al,cllltqltilll1~,,1a~fl..u.se~L.etc lL _" .. J:J..Y,cs_ [:1 ~() ..If,Yes,deserlbe ..
:s.t,aIld~(te<l_s_e.f1l~rltsfQ.r.~~trisJ~I~_I:!Q.rl.e.L~(;,T.htJ~e.~-'I':_f1Ql<.n()\<Ill..<J!,<lJll<lrlJrlt_1l.(j~~s,e__e!l~lJl1','!.nt~,. fl.l1.C.rCl<lcl}fl)ll.l1tsor c()llditirlnsn_oted ,
Public
Private
--
FEMA Map Date 3/3/1992
,,-
GeIllIral.OeIlCillillcilf ..... ......... EtteiioiDesCripUIlIl JllIterla15/C'lll1dltiOn lnterill/' mate!lafs/cOildRlon
Units [g] One DOne wnh Accessory Unit i6J Corn:rete Slab !:~ Crawl Space Foundation Walls STONE-BRK/AVG Floors WD-VIN-CPT/AV9__
# 01 Stories 2 i Full Basement I'X1 Partial Basement ExteriOf Walls ALUM-BRK/AVG Wa"s DW-PLSTR/AVG
Type Ii Del. r 1 Alt, I2J S-DetJEnd Unit Basement Area 616 sQ.ft. Roof Surtace METALJAVG Trim/Finish WOOD-STN-PNT!A
I';:'] Existino ,- ; Prooosed I I Under Const. Basement Finish 0 % Gutters & Downspouts ALUMINUM/AVG Bath Floor VINYLIA VG
g~si9n {StyIeL5Q~",bE:Jo:, _ [2J Ou.t~~_ErJt.ry/ExJt u[JSurnEPumJl 'li1ndow.TYJl..e.. Cl,BJ..I:-lNg,VVD/AVG 8ath Wainscot C TtLEIAVG
Year 8uin 1900. .. __ _ . _,Evidence of .... ['I Infestation Storm Sash/Insulated STQRM!AYGCarSt()rage . None ...
'E:iiectiveAQe(Yrs) 20" r-Oalnpness --r=--i"Silttieineiit . ScreenS .. . 'n YES/AVe, ,- Driveway # of Cars 2
Attic : None HeaUno, 'FWA I[x, HWB8 ['''' Radiant Amenities i ,Woodstoveis) # Driyeway Surlace ASPHALT
D Orop Stair [>l Stairs j Other IFuel GAS n Fireplace(s) # , 1 Fence [J Garage # of Cars
1';] Floor 1 Scuttle Cooing ,--; Central Nr Corrlltionina 1[;-;" PatiolDeck CV ... ; Porch 1 Caroort # Of Cars
:1 finished L j Heated ['Individual ILl Other fl Pool l,1 other CV BALC I J Alt_ ;} Del. i J Suitt-in
Aootiances [2J Refrioerator 1?1 RanoeiOv6n 0 Dishwasher i' Disposal IPJ Microwave iPl Washer/Dryer n other (describe)
Finished area above ,9,rade contains: ~_ Room~___"--.l_Bedrooms___,,,L..Bathm...,_,,_1,93~_~~reJ~..ot.Qross_~ivinDArea Above,Grade_
~ ~~qcifu.on~1 featuresJS]lii~i enerJ1l'.!lici~tit.el11S,iiL' Typical for similar type pr~r:H.f!.s in the Ef_ell'-______,,____ .. _ ..
Describe the condition of the property ~ncluding needed repairs, deterioration, reoovations, remodeling, etc,). The subiect is in below average condition, .I~,-==
construction oualilv is l\IrJicalfor aae in comoarison to compeUIlQ neiahborhoods_ Based on maintenance condition, and comparison to competing
neillhborhoods the estimated aae is below !he actual ane. No economic or functional obsolescence noted, There is deferred maintenance on the
interior of the subiect Dropertv. Reoairs need to made to interior walls, noars and ceftings, Furnace is not in working order. Chimnev needs replaced
or reoaired, Some window.; need replaced, Kitchen and bathroom are functional but should be updated to conform to this market.
Are thereantEhIsic~~II~~l!ies..Cl~~il1I~s.e..c~ndili.o.!!stha~alfe~t tIll.Uvabi!tY.,soundness, orstructuralint~!)f,ny olt~Jlf~p_efttl_ ___.. Ll Yes C: JNo .If YeS.,describ,__
...
Does the property generally conform to the neighborhood (fUnctional uti/ny, style, condition. use, construction, ete.)'!
[2'01 Yes c.l No II No, descnbe
,-------
Freddie Mac Form 70 March 2005
Page 1 of 6
Fannie Mae Form 1004 Marcil 2005
Fonn 1004 - "TOTAL for Windows" appraisal software by a la mode, Inc. -1-800-ALAMODE
'FTiCNO:WoTiT33TPaiiC#6I
Uniform Residential Aooraisal Report
2. cOlnllarable "roneilies currently of!ered lot sale In the subiect neiohborhood ranging in price from $ 5fJ,OOO__..........._t()L~?,QQQ...,
3 comparable sales in the 5ublect neiolibortlOod within the past twelve months ranninn rn sale price from $ 55,000 to S 65,000
FEATURE SUBJECT COMPARABLE SALE # j COMPARABLE SALE # 2 COMPARABLE SALE i3
Address 104 S. Market Street '38 E. Locust Street :9 S. High Street .422 Valley Street
Mechanicsbur9J;'A.1?055-.i:D;!'Lj Me"hanicsburq, PI\. _.___.m j",,,,,,d,,,nicsbl!fBLPA_ "___ . .1V1-"r;t>a'licstJl!rg, PA
e~:r:::l::~: _~~ .__,J:._.,'---.;i:~5 i:~;~~Et$___ "_:.~~~90~~~21,:~:;ijiMl=~ '..._ 64,~=:-~~;~e;(Sq.Il}L-- __. ._60,000
Data Source(s) ! ML8-STEB 'ML8-STEB 'ML8-STEB'"
Verification Source(s) i ,TAX ASSESSMENT RECORDS fTAX ASSESSMENT RECORDS : TAX ASSESSMENT RECORDS
VALUE ADJUSTMENTS T DESCRIPTION DESCRIPTION +(,) $ Adjusbnent; DESCRIPTION .>-(,) S Adlustment, DESCRIPTiON i'i-) S Adiustment
~E~;~~::. .. .. --~_.~--._--- --l~~~~~~~~t- ~:~~~:NOVY~L ~t~~~~~:~~~:I__~_~JI
~i:~~~diFeeSil~ple '1fUi~7LE:!~~~~7Cj ~'i~~~iL u.--~Jf~r;~;t f ~
View lTYPICAL 'TYPtCAL ! __._.____Q..IrELc;..~_L~___ 0!TYPIC~______L..__.,___9
Design (Stylel. 1.5 DUPLEX ,5 DUPLEX~_ 05 DUPLEX' 0: DET.-2 STqRD-__ -2,000
Oualrtv of Construction :ALUM-BRK!AV ,ALUM-WD!AVG OALUM!AVG O:ALUM-ASPL TiA! _.Q
Actual Aoe : 107 YEARS '107 YEARS 0.107 YEARS! 0 107 YEAR?____-i-_.___._m_.Q
Condrtion 'AVERAGE I AVERAGE o 'AVERAGE , O,AVERAGE! 0
~:~~~ ~~: - t~~r~~:~~?:~I~I~t].:J~hS~_~~_~L~QQ~Bj=t----~~--=--=:__QFtI~t '~~I;;[=-_~_-_:-:~~
Gross Uvil111 Area ,1,936 so,ft,: 1 062 so.ft. +4,400! 1,092 so,ft.' +4,200' 1,685 SO.rt. i +1,300
Basernen1& finished !PARTIAL !PARTIAL O!FULL, -1,OOO!FULL I -1,000
Rooms Below Grade '_ INONE 'NONE O!NONE OiNON~_____~____.....Q
FunctionalUtili1Y IAVERAGE iSIMILAR O'SIMILAR O!SIMILAR I 0
Healing/Cooing IHWBBINONE I HWBBIC FANS OiHWBBINONE I OiHWBBlNONE T Q1
. EnerovEflicienllierns 'STANDARD SIMILAR OiSIMlLAR O'SIMILAR '---[---.---------0
Garage/Carport !OFF STREET 'OFF STREET I OiOi'JSTREET .., _... 012 CAR DET! -2000
~'ciichfPati.i):De~k:icvp.TQ-cvBc; lPcj:i=cv PT,Be- Or~TOOp=PATIO O'CV PC-DECK I ' 0
· Other iNaNE 'Not~E O!I~Oi~E O,NOI~E i 0
Other INm.E 'NONE O!NONE O!NONE I 0
Esiate of Rightnour
File if 0705133
There ale
There are
I
'-,':", .:- "; !
. ~\u~~~3g.~~.-- i ----.-.-'-..---rNeh~f--SLi-;~ L_..no ;:.~gQ.i~ei'~d;L-~5~.%~-- .." ., . ..}2Q\LNetAjl~ -L~:-i~+" ,.
of Comparables iGross Adi. 9,5 % $ 64,800iGross ADi. 8.1 % $ 67,200:6ross AaL 10.5 % Is
I,J2'1 did 0 did not re~.ch tI16 s.a!e.or trailster history ot the subject Pi.ojl~!iY_~..c.(l!,ll~~bl~~IllS,JL~"-~.i(jllain __~..i'Jo attpi~Go,r>ditions ""tect
I
_."_~.2Q.9".
56.300
Mv research ['! did ['.,1 did not reveal an\! orior sales or transfers ot the subiect orooelN for tile three vears priorto the effective date of th. aopral,a\.
Data Sourceis) Public records,
My research i2J did n did not reveal anv orior sales or transten; of the comparable sales lor thevearnrior to the date of sale of the cornoarable sale,
Data Sourcels I PubUc records,
Reoort the resu~s ot the research and analvsis 01 the orior sale or transler history of the sUblectoro'OertV and cornparable sales (report addrtio~.~1 prior ~S_O!~~L.__. "'" _______.
ITEM SUBJECT 1__ _~(;QMPARABI,L~~E~1 ..._ __~(;()-"'f'I\~!llE SAL_E#J._ 'n._COMPA.f''-.BLE.SI\Lf: #}"
Date of Prior Sale/Transter ____ N..9_N.~_______.___ ~E:~.. ... ...__._____ fiQ.NL._._..__~ _.. . _,.J 0/1!lL2006
Price 01 Prior Sale/Transfer WITHIN 3 YEARS WITHIN 1 YEAR WITHIN 1 YEAR i $1.
Data Source(s) PUBLIC RECORDS PUBLIC RECORDS __~.L1C ~s.COR~.__---+E:YBLlC.f~.ECOR..Q~.
Elfective Date 01 Data Source(s) 05121/2007 05i2'\i2007 05121i2007 '0512'lf2007
Analysis 01 orior sale or transfer historv of the sUbiectoropertv and comparable sales All nrior sa~is\ of the subiect orooertv occurred more than three ""ars
aDO. Prior sale for comnarable #3 was a Iransfer. AI other orior salels) of the comnarable sales oCCUlTed more than one ..-ear aDO. No atvnical
conditions noted,
-------
--
--
SUl11rnarv of Sales Comoarison Anoroach Alter a search of available market data the three closed sales disnlaved are considered to be the best
Indicators of value. Adiustments were made to reRect market reactions to those items of sionificant variation between subiect and conlOarables.AlI
comoarables \lVere weinhted and considered. The adiusted ranae of values for the comnarables is $56,300. to $67,200. The subiect nronelt<l has
interior deferred maintenance. The 3 comnarable sales, used in this reoort, were sold In "as is" condition, with cosmetic reoairs and lor rehab
needed, oer information on the MLS, If the subiect orooertv were to be offered for sale, in the current condition, it is In the ooinion of the aooraiser,
.lh_atthe su1Ji~c:tjJre>p"rt1'~!!~"_PlJt()n._~h."rnar:t<."t..i.n.a,sirr1.~<lfVoJ<l1'an.<l_v.;ttl siJrlil.a.~di!;l::IiEti{)l:l>;-,-as~eJ!lrthe_colT1Jlar,!~.lesal"s .used!n thi!;
I-"!,,,,t Tl:",~tJl:Jjec:~pr.Q[Jllf\l''.'l_n,<l A~ {;()lT1Jl'.'l!!<le,~!ll~~"..t!;l_~tLin .thisIep()rl,,,,-elo<o,,t,,Qin 1~~alTle!J!lro.l!llh,"nd~"rl1,,~(;I:I{){)Jdj~trict.
Indicated Value bv Sales COIooarison Acoroath $ 62 000
Indicated Value by: Sales Comparison Allmoach $ 62,000 Cost Approach (il developed) $ 64,541 Income Approach Of developed) $
Greatest wei!1ht is given to the Sales Comparison Approach as it re!lects the t',Pical actilll'ls of buyers and sellers. in the marke~,,-,..
NA
-
Thfs--appraisari-;;-"rnacfe-jzJ "as is", [J subiecttocomptetion per plans and spedtications on the bas~ot a hypothetlCalc-ondibon that thelmproveme-ntS--tra"ve-been--- - .----
completed, [J subject to the toHowing repairs or aIIerabons on the basis of a hypothetital condibon that the repairs or alieralions have been completed, or [J subject to the
. tollowillll recuired insnec1ion based on the extraordinary assurnotlon that the condijion or deficiencv does not renuire afteration or reoair: No warrantv of the annraised is
iven or imolied, No liab~it" is assumed for the structural or mechanical elements of the nrnnertv.
Based on a complete visual ins~ion 01 the interiOf and etterior areas of the subject property, defined scope of work, statement of assumptions and limiting
cond/lions, and appraiser's certificalion, my (our) opinion of the market value, as defined: of f1ie real property that is the subject ot this report is
$ 62,000 as 01 0512112007 which Is the date of insoection and the effective date of this aooralsal,
Freddie Mac Form 70 March 2005
Page 2 of 6
Fannie IVlae Form 1 004 March 2005
Fonn 1004 --'TOTAL for Windows' appraisal so"ware by a la mode, inc. - 1.800.ALAMODE
'fileNo. 07051331 PaGe #71
Uniform Residential ADDralsa Report
Estate of Rightnour
File # 0705133
l_
f- --- --------------~--------------~----------------------~----
--
~ -
_u
~' -
--
f- -
~ --
----------------------------------------
-~---,,-_._-----------------,,---------------------
---
---
__<<:oSlAj)pflOACH;l6VAl.IIE \not reqllit~byl'al\l'lle Mae)
Provide adeauate iniol1lldtionlof thtllendtlr/cUel~ to r!lllllcate the belOw cost fioures and calculations.
buooml for lhe oo',n'lon 01 s',le vatuelsul1Y!larv of comoarableland sales or other methods lor eslimaliflll sne vallHl) Land value is an estimate based on the ~mited
number of land sales in the area.
ESflM.ATEoLJ'iiEPRoouCnoii"OR -.-C)REPiACEMENfG6sTNfN-------."------T6piNjON6F-SiTEVALUE~--~-~-".-~-:=~":-_-.~._-"--.:$--.-----15,OOO
. sourceoTcoifdata-M;;~-hau-&SWffi.--GOSlGUide---------lDwETCiNG-----1~936So-Ft @--S---361lj---- ---::f---- 7Q.8n
Quatitv ratino troln cost service AVG Etfective date at cost data 0512112007 _ 616 SqJt @) $ 12.16 -$ 7 .491
Comments on Cost Aooroach (oross llvino area calculations, deoreciation, etc.) i CV PATIO, BALCONY =$ 2,200
Marshall & Swin cosl ouide alone -Mlh the aooraisers exoerience have 1 Garaoe;Caroort 0 So.Ft. @l $ -$
. been used to alTille at a reolacement cost r!!lure. Land value is an ',rotal Estimate of Cost-New -$
estimate based on a limited number of land sales in the area. In view of ILess PhYsical I Functional IExternal
th!}"g".()fth"i!11l'r()ve!11e,,~<;~_<;Q~1.!ljlps~<;!:19'.!)'101 b~.~ered ."ciQ.8I1.~:a~(lI1___ 32,227\
accurate .indi.C;jtor.of value. Tim.. e~~I11."t"cl. rell1"irling.e_conomic lif" of the! D~preci~ttJjj_Cost!Jf-'Il1flrqveJ~nt~
51JbieCi orooertv is 30+1- years_ i "As. is" Value of Site Ilnorovell1ents
:
30 Years IIHDlCATE:l VALUE BY COST APPROACH
1Il_A\>PA().e.CIlT6.V~UE(lIoll'eqlllre4.btrallril6.M~~
. Estimated Monthlv Market Rent $ NA X Gross Rent Muttiolier NA = $
Summary of Income ?.tJproach (including support for market rel~ and GRM) NA
80.568
.:.......-~-==.......~~L-j~~~)
-$ 1,200
Estimated Remail'wlIN Economic Ufe (HUD alld VA onlvl
..$
64,541
Il'dlcate<! Value bv Income Approach
....... . ..... ........... ... ....................... '. ....~~~.'NI'llIlIll~m~FIJ~PIJ~J~~jlIiCll~~t....m___~__"_~__ .._" ..
Is thedevelopeflouHilorin contro!o1 llltlHo~nelll'iners'.l\ssllc~tionJH_O.~?.lJYes_J~Q. UnittYJle~L l_Lll.!l\.a~I1.e.d..LJ_~~!Cl1acJ_.... ._______ __
J:ru,ioe lt1!'JQll9wing imormation tor PUOs ONLY il the oevelopelibuilder is in control of the HCA and the subiect property is an atiached dweUinli un~.
Legal Name of Project NA
. ~U1Umiler of phases T O',all\llmber of \!r~1S NA 1 ma! numiler 01 un~s sold
lotal number at units rented Tofal number at unITS for sale NA Oata source(sl
~1S tile prolect created by tlie conversion ot existing bulldlng(s) Into a PUD') i --! Yes il No It Yes, date at conversion. NA
~ Does the project comaln an\'l1lutti-dwellil1\l units') " Yes "No Data Source
Are Ihe. UnilS,. GOIT"non_e~r.nents,.and ie~~~lQnt~~i~es complet~___J,J YeU"lNlJ...lr},o-,Q~s_c~b.!l the _stAtll~.QLc.omplell(ll1'--_J'!A__~________ .
.--'--'-
---
-
.(\re the cemmen elements leaser] to or bv the Homeowners' Association? '--1 Yes [1 No It Yes, describe the rental terms and ootions. NA
Describe common elements a.nd recreationaf facilities. NA
Freddie Mac Form 70 March 2005
f'a\le 3 of 6
Fannie Mae Form 1004 March 2005
Form 1004 - "TOTAL tor Windows' iI)lpralsal snnware by a la mode, inc. - t.800.ALAMODE
[Rle No. 07051331 Paae #81
Uniform Residential Aooraisal Reoort
Estate of Rightnour
File It 0705133
This report form 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 form is not designed to report an appraisal of a
manufactured home or a unit in a condominium or cooperative project.
This appraisal report is suhject to the following scope of work, intended use, intended user, definition of market value,
statement at 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 worn to include any additional research or analysis necessary based on the complexity of this appraisal
<![;signrnent. Modifications or deletions to the certifications are alsa not permitted. However, additional certifications that do
not constitute material alterations 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 at this appraisal assignment and the
reporting requirements of this appraisal report form, 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 fram at leasi the street, (4) research, verify, and analyze data from reliable pUlJlic 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 10 evaluate the property that is the
subject of tl1is appraisal for a mortgage finance transaction.
INTENDED USER: The intended lIser of this appraisal report is !tIe lender/client.
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 prudeot1y, 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
([Ie \)assing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) bottl
parties are well informed or well advised. and eac!l acting in what l1e or she considers his or her own best interest; (3) a
reasonable time is allowed for exposure in the open market; (4) paymellt is made in terms at cash in U. S. dollars or in terms
of financial arrangements comparable thereto; and (5) tt1e price represents the normal consideration tor the property solti
unaffected by special ar creative financing or sales concessians* granted by anyone associated with tile sale.
* Adjustments to tile 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 ttlat is not already involved in the llfoperty or transaction. Any adjustment should not be calculated on a mechanical
dollar for dollar cost of the financing or concession but the dollar amouot of any adjustment should approximate the market's
reaction to the financing or concessions based on the appraiser's judgment.
STATEMENT OF ASSUMPTIONS ANO LIMITING CONDITIONS: Tile appraiser's certification in this report is
subject to the following assumptions and limiting conditions:
1. The appraiser will not be responsible tor matters of a legal nature that affect either the property being appraised or the title
to it, except tor informatlon that tle 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 i1.ppraiser will not give testimony or appear in court because tie or she made an appraisal of the property in Question,
unless snecific arrangements to do so have been made beforetland, or as otherwise required by law.
5. Tile appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration. the
presence of t1azardous wastes, toxic subsiances, etc.) observed during the inspection of the subject property or that he or
she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal
report, the apl)raiser has no Knowledge ot any hidden or unapparent physical deficiencies or adverse conditions of the
property (SOCri 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 ttlat do exist or for any engineering or testing that might be required to discover whether such conditions exist.
Because ttle appraiser is not an expert in tile field of environmental 11azards, this appraisal report mus1 not be considered as
an erwironroon'lal assessment oj the pmperty.
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 ot the subject property will
be oerionned in a profession ill manner.
Freddie Mac Form 70 March 2005
Page 4 of 6
Fannie Mae Form 1004 March 2005
Fonn lOfJ4 - "TOTAL ror Windows' appraisal SOnwafe by a la mode,lnc. - j.800.ALAMODE
RleN<;. 07051331 Pace #91
Uniform Residential Aooralsal Report
Estate of RighlnoUr
File # 0105133
APPRAISER'S CERTlACATION: The Annraiser 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
tilis appraisal report.
2. I perlormeo 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, 50unoness. or structural integrity 01 the property.
3. I performed tilis appraisal in accordance with the requirements of the Uniform Standards of ProfessiDnal Appraisal
Practice that were adopted and promulgated by the Apllraisal Standards Board of The Appraisal foundation and that were in
place at the time this appraisal report was prepared.
4. ! develDped my opinlDn of tile market value Df the real property that is the subject of this repDrt based Dn the sales
comparison approach to value. I have adequate comparable market data to develDp 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 repDrt.
5. I researctled, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for
sale af the subject property in the twelve months prior to the elfective date of this appraisal, and the prior sales of the subject
property for a minimum of three years priDr to the effective date Df this appraisal, unless otherwise indicated in this report.
6. I researched, verified, analyzed, and reported on 1t1e prior sales of the comparable sales for a minimum of one year prior
to Hie date of sale of the comparable sale, unless otherwise indicated in this report.
7. I selected and used comparable sales that are location ally, physically, and functionally the most similar to the subject property.
8. 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 markefs reaction to the differences between the subject
property and the comparable sales.
10. I veritied, tram a disinterested source, all In1ormauon IIi this report. that was pravldec\ by parties who have a financial interest in
tI1e sale or financing of the subject property.
11. I [laVe knowledge and experience in appraising this type of property in this market area.
12. I am aware ot, 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 Df the conditions on the value and
marketability Df the subject property.
15. I have not knOWingly withheld any significant information from this appraisal mpmt and, to the best at my knowledge, all
statements and informatiDn in this appraisal report are true and CDrrect.
16. I stated in this appraisal report my own personal. unbiased, and professional analysis, opinions, and cDnclusions, which
;\rC subjcct only to tile 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 nD present or
prDspective personal intereb1 or bias with respect to the participants in the transaction. I did not base, either partially or
completelY, my analysis and/or Dpinion of market value in this appraisal repDrt on the race, color. religion, sex, age, marital
status, handicap, familial status, or national origin 01 either the prospective owners or occupants of the SUbject property Dr of tile
present owners or occupan1s 01 the properties in the vicinity of the subject property or on any other basis prDhibited by law.
18. My employment and/or compensation fDr performing this appraisal Dr any future or anticipated appraisals was not
conditioned on any agreement or understanding, written or otherwise, that I WDuld repDrt (or present analysis supporting) a
predetermined specific value, a predetermined minimum value, a range or direction in value, a value that lavors 1he cause 01
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 tIlat were set fDrth 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 t~le preparatiDil of this appraisal report, I have named sUetl individuates) and disclosed the specifiC tasks performed in this
appraisal report, I certify that any individual so named is Qualified tD perlorm the tasks. i have [lot authoriled anyone to make
a. change to any f1em 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 whD is the individual, DrganizatiDn, or agent for the organizatiDn that
ordered and will receive this appraisal repDrt.
Freddie Mac Form 70 March 2005
Page 5 of 6
Fannie Mae Form 1004 March 2005
Fonn 1004 - ''fOTAL tor Windows" appraisal software by a la mode, Inc. -1-80Q-ALAMOOE
g'i1e No. 0705133' Pane #101
Uniform Residential A
Estate of Rightnour
File fI 0705133
21. The lender/client may disclose or distribute this a,)praisal repOlt to: the borrower; another lender at the request of the
borrower; the mortgagee or its successors and assigns; mortgage insurers; government 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 ~nctudlng, but not limited to, the pubHc 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
la\IJs amI rellulatimys. turth&l, \ am also subiect to th& plO\lis\ons of the Uniform Standards of Professional Appraisal Practice
that pertain to disclosure or distribution by me.
23. Tile borrower, another lender at the request of tile borrower, the mortgagee or its successors and assigns, mortgage
insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
01 any mortgage linance transaction that involves anyone or more 01 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 anctlor state laws (exclUding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation ot my signature, the appraisal report shall be as eflective, enlorceable 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 anctlor
Criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States
Code, Sectlon 1001, et seQ., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that
1 I directly supervised the appraiser tor this appraisal assignment. Ilave 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 ot this appraisal report including, but not limited to, the appraiser's analysis, opinions,
statements. conclusions, and tile appraiser's certification.
3. The appraiser identified in t~is appraisal report is either a suo-contractor 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 ot Professional Appraisal Practice that were adopted and
l)fOmulgated by the Appraisal Standards Board ot The Appraisal Foundation and that were in place at the time this apl)raisal
report was prepared.
S. If this appraiSal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal anctlor state laws (excluding audio and video recordings), or a facsimile transmission of this
I ~~..';'m report ,""W"', , ,"py" .p."-' 0' my """"'.' lire 'P".'" .po" ,h" '" " """~, ,mo",," '"'
~~rt " H , ''''' ~"., '" llH, "..", .port ,m. "';~,'" ,,,,,,,,.,,,, my 0"'" hood ."It'" .""",.
!IPPRAISER .a~hns H. Davis SUPERVISORY APPRAISER (ONLY IF REQUIRED)
~/ ,/1
/ .~. ,I
Signature.! -.i '. Signature _'
i~ar'le C 1 . H. Davis. Certified ResiQential Appraiser Name
CorYlpany Name E.~0::.~~!.:-aisal~_____._~_~___.,.. CDmpanv NarTIe
Company A.ddress 21.9 Putters Circle
DiUsburll. PA 17019
Teleol1one Number 717-432-8586
Email Adl1ress cllli:;l1Q!i_vis.@i,'Ql~~casl.'l.eL__..
Date at Signature and Report },!r;~.13. 2007 __..___.____
Effective Date of Appraisal OS/21f2007
State Certification # RL 139387
or State License #
or Other (describe)
State PA_~__
Expiration Date of Certification or License ?/~Q!fQ9L._._.~__.___ SUBJECT PROPER1Y
Company Address
State #
Telephone Number
Email Address
Date of Signature_________.________
State Certification #
or State License #
State
Expiration Date of Certification or License
A.OORESS OF PROPERTY APPRAISED
1 Q'LS. Market Street
Mecha..!'!icsburg. PA 17.955-6329
APPRAISED VALUE OF SUBJECT PROPERlY S 62,000
LENDER/CLIENT
Name EloB!1i-"_Qy,,___.... ~_nn_~__.__________._..____._
Company Name Estate of Wayne M. RiQhtnour
Company Address .~04 !?Q!!th Ma~t Street, Mechani~burll, PA
17055._
Email Address
Did not inspect subject property
Did inspect exterior of subject oroperty from street
Date of Inspection
C., Did inspect interior and exterior at subject property
Date of Inspection
COMPARABLE SALES
[J Did not inspect exterior of comparable sales from street
i:J Did inspect exterior of comparable sales from street
Date of Inspection
Freddie Mac Form 70 Marcil 2005
Page. 6 of 6
Fannie. Mae. Form 1004 March 2005
Form t 004 -'TOTAL (or Windows' appraisal sonware by a la mode. inc. -1.800.ALAMODE
Subject Photo Page
~NO. 0105133 Pace #1 n
1
J
state PA
~~'
'q;'
I 'c'
J
!
-~"---""._--".._._"--""-,--"_.-..,-,,---"-------
li Code 17055-6329
Subject Front
'104 S. Markel Slreet
Sales Pr:;;e NA
'_.iiOSS Llv!rq Area
T otai Rooms
T ota! Bedrooms
T Clai Bathrooms
~ocaticn
View
Site
Duality
Age
Form P!C3x5.SR -'TOT AL lor Windows' appraisal software by a ta mode. inc. -1.800.AL.ilMOOE
1,935
6
1
AVERAGE
TYPIC,'IL
0.09 AC MIL
ALUM-8RK/AV
107 YEARS
Subject Rear
SUbject Street
~_~gJro\li!l1g<<~mt Elate 01 Riqhtncur
topmiV Address '\04 S. Market Street
j. CilV M:.chaniGs~urg .
Lerwer estate m iNa .e M. R htnouf
Building Sketch (Page - 1)
File No, 0705133: f'ao~ #1Z:
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16,0'
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1;0
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UTILITY
22.0'
a
oj
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16.0'
LAUNOR"{
KITCHEN
a
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OYER
FiRST FLOOR
."'REA CALCULATIONS SUMMARY
! COdi;
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Description
Fh.'st !,'locr
Sec.Ctnd :E:lCtt;!~
Basement
Porch
Porch
Net LlV A8LE j",rea
Net Size
lC~4 .'.0
~;.2.~
6l6.0
168,0
Bo.n
(Rounded)
Net T o12>ls
10;;4.C'
S'!',L{)
616.~
248.0
DINING ROOM
LlV!NG ROOM
1936
State PA
6.0'
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22.0'
Co
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BEDROOM
RAT!1
Zi Code 17055-6329
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BEDROOM
BEDROOM
SECOND FLOOR
22.0'
5.0'
6.1)'
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I LIVING AREA BREAKDOWN
I Breakdown 5ubtollll.
i Fir$ t Fll",or
i U..Q :!l:.
I H.C x
Second Floor
2:2..0 x
16.0 x
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FOlln SKT.BldSkI - "TOTAL tor Windows" appraisal softWare by a la mode, inc, -1-800-AlAMOOE
2.a.il
2S,C
lS.O
16.0
I
(Rounded) I
':CO.C
448.0
616.0
256.0
1936
Location Map
~Q~r.QY{Q(gJlliuL~~.~~~~oou~=~._____~___.~_____~_.__~~__.
1_~!2~f~1Y Addre&.s 104 S. r\Aarket Street _
~. fv1eGhanicsburQ Count\' Cumberland
IJ-enrier Estate of \;rVayne M. R~htnoUf
~eNQ,'07D.fu~JIE~'j"tuJ
51ate PA
-1il1 Code
:::-~-=1
17055-6329----1
I
rOinl iV1.t;P.LOC - "TOTAL Jar Windows" appraisal sottware by a !a mode. inc. -l-BOQ-AlAMODE
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Comparable Photo Page
lFile No. 0705133 Paae #14!
Cumberland
Stale P A
Zi Code 17055-6329
Comparable 11
38 E. Locust Street
Prox. to Subject 0.05 miles
Sale Price 61,900
Gross Living Area 1.062
Total Rooms 5
Total Bedrooms 2
Total Bathrooms 2
Location SIMILAR
View TYPICAL
Site 0.07 AC MIL
Qualtty ALUM-WDIAVG
Age 107 YEARS
Comparable 2
9 S. High Street
Prox. to Subject
Sale Price
Gross Living Area
Iotal Rooms
T ota! SecrOO!TIS
Total Bathrooms
Location
View
Site
Qualily
Age
0.21 miles
64,000
1,092
4
2
1
SIMtLAR
TYPICAL
0.02 AC MIL
ALUMIAVG
107 YEARS
Comparable .3
422 Valley Street
Prox. to Subiect
Sale Price
Gross LivirlJ Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
'arm PlC3xS.CR .... "TOTAL lor Windows" appraisal software by a la made, Inc. --1.800.AlAMODE
~:~' 1
0.50 miles
60,000
1,685
5
3
1
StMILAR
TYPICAL
0.21 AC M'L
ALUM-ASP!. TIA
107 YEARS
file No. 0705133: Paoe #151
MULTI-PURPOSE SUPPLEMENTAL ADDENDUM
FOR FEDERALLY RELATED TRANSAcnONS
Count/ _Cumbarfand______.
State P A
Zip Code 170-55-6329
This MU"i-Pufpose Supplemental Addendum tor federallY Related Transactions was designed to provide fue appraiser wi!l1 a convenient way to comply wi!l1 the CUlTent
appraJSal standards and requirements Of the Federal Deposit insurance Corporation (FDiC). the OUice 01 the Comptroller of Currency (OCC), lhe Onice at lhrin
Supervision iOTS), tlie Resolution Tlust Corporation (RTC), arnJ the Federai Reserve
This MulD-Purpose Supplemental Addendum It tllr use wItII lIIIY apptalsal. Only those
statements WlIlchhave been checked by the appraiser apply to the property being appraised.
PURPOSE & FUNCTION OF APPRAtSAL
I The ourvose of the appraisai is to estimate the market ~allJe of the subject property as defined herein. The tUl1Olion of the appraisal is 10 assist the above-named
j Lender in evaluatina the sublect pmperty ror lending purposes. This is a lederally related transaction.
EXTENT OF APPRAISAL PROCESS
The appraisal i, based or. tlw intonnalion gathered by tlw a;;praiser from pubHc re.:ords. other identitled sourcilS. inspection or the subject prope,ty and
neighbol1lOod, and selection 01 comparable sales within the sulliect mal1<et area. The original source 01 the comparables is shown in the Data Source section
af the marlwf grid along WITh tr.e source of confllmation. if available. The onginal source is presented first. The sources and data are considerM reiable.
When conHiclIng inlOimation was provided, the source deemed most reiable has been used. Data beieved to be unreHable was not included in the repOIt nor
used as a basis for tlw value conclusion.
il1<, Reproduction Cost is based on the Marshall & Swirl cost !luide
stlpplmnented by the appraiser's knowl&lge of tile local market.
PhYSical depreciation is based on the estimated effective age of the subject property. Functional andior emmal depreciation, it present, is spedlicaUy
addressed in the appraisal report or ot'rer addernJa. In ik>iimaling the site value. the appraiser has relied on personal knowledge of the local market. This
knowledge is ba;;ed on prior andiar CUffelll analysis ot site sales and/or abstraction Of srte values trom sales 01 improved properties.
The subject pluuelW is locatM in an alea cl o\iml>\i\~ UVi\1~ .cccuOi~(\ ,i\Yil\~ lamll" res\(\ence, anti Ihe \ncOm~ Apuroach is nol considered to be meani\Yillul.
For1his reason. the Income .~pproach was not used.
The Estimated Markel Rent and Gross Rent MUITiplier utilized in the Income Approach are based an the appraisers knowledge 01 the SUbject mal1<et area.
Thn rental ,ffowlMge is hased an pliOr andior wrrent rM~.al raie surveys Of residential properties. The Gross Rent Mullipller Is based on prior anlVor current
anarisis of prices and market rates lor residential prupeJ1ies.
For Income producing prope.rtles, actual rents. ,acaneles and expenses have bMO reported and an~1ed. They ha~e bee\1 used 10 projecl flrture rents,
~acancies and eJqlenses.
SUBJECT PROPERTY OFFERING INFORMATION
I Accordin. 9.. to.... Pub............Ilc..."....'-.e._co...~.".._:.___..._c..~_.___.-..-----c----..-----.------- the SUbject property:
has nOI P~~n offerecJ tor sale In tlw past: C'-:: 30 days [.311 year [J 3 years.
lli.fJlr[?nllyalJ..llgg( for ,ale for S
Yi?S.oiifl[ei! for sale wllhin the past 30 days 1 year 3 years lor $
Olf..'ing information w.,__i:Jl.wj!l!m! in th. fir",1 reconcifiation of value.
Ollerlnu information ~@; M\,~n;;i~red inll1e 11nal recimclliation ot value.
OHetk!g Inlannation \'iilLno),jW~IIgbJ~. The reasons lor unavailablHty and the ~t.eps t.aken by t.he ago\aiser ar~ e~u!ain$l tal.er In this addendum.
SALES HISTORY OF SUBJECT PROPERTY
I Ace.ording t.o public mcords lhe subl"ct property:
I Has not translerred in the past twelve mornh". in the pa!it thirty.six months. in tr.e past 5 yearn.
I H<lliJliill,lru~d in the past tweNe months. in the past thirty-siX months. '.....: in the past 5 years.
Ai plior sales which have occurred in the past 3 years are fisted below and re.:onciled to the appraised value, ei!l1er in the body of the report or in the addernJa.
Dale Sales Price Daeumenl ." $eUe, 8uver
I NONE
I
I ,
L "-
i FEMA flOOD HAZARD DATA
. ...
r<) Subject prope:ty is not.~J~.d In a FEMA Special Rood Hazard Area.
Subiect ptoperty i,..\tl.,-l!l~d in a FEMA Special flood Hazard Area.
II""" nMA i.Aapll'ahel 1# MapD"le Ha_ 0' COlllltlu..lly
I IX 4Z036H1OO5D 03103!1982 Mechanicsburg BorouQh, Cumberland Countv
I Tile earnmumly d.QeS J!Q1.Q.articiv.te in the Nati01JaI Flood Insurance Program.
I 11m community dQIl,S..J1~j,lwt? in the National Flood Insurarll;e Program.
~ 1\ is wmed by a mm!1.1' program.
- it is covered by an emern.eJffil' program.
-.-...
Page 1 of 2
Form MPA3 - 'TOTAL lor Window," appraisal softWare by a la mode, inc. -1.aflO.ALAMODE
file No, 0705133' PaGe #161
CURRENT SALES CONTRACT
rtle sUOlect property is ~m.lfliYm\Jifljj\ll:,JLl1\[;;sj,
The contrdct and/or escrow instructions \'I-'l!e_ooJJYMla.I)!~JQu:m<!\Y. The unavailability of the contract is explained later in the addenda section.
The (;or~rrlct ;mdior escrow lnstructions Y{~_~uevie~'ffid__ The foHowing &Hmm~nles the cumr3ct
Contra.ct Date Anumdmttnt Date
Contract Price Sener
T~~ cal~tad indicated fhat pe.rsonaf property was not im;lIlded in tne ,ale.
The COilract indicated that personal property Wa.jRc.ili.d~. It consisted of
Estimated contrtbutO(y value is $
Persollal property wa$.D.QU!lc.i!JJt~J in ille linal valUe estimate.
P~%onal tm:pnltYWliS in~!tlqCQ in the final value estimate.
The centract indicated rloJioanQJ)g..~.I1c.t..~~rli or ather Incentives.
The cortra.:t mdicated thefollpWingi:om;essipns pr incen'jves:
I! concesSions or incentives e"iist. the comparables were checked for S~fnHaf concessions and alJPropriate adjustments were made, if 3ppfICable. so
that the (ir\11 value conclusion is in compliance with the Marke! Value defined herein.
l----
I MARKET OVERVIEW Include an explanation of current market cornWons and trends.
I 2-6 months is considered a reasonable marketing period lor the subject property based on ML:,; statistics ,<;f1ll_Cumjle.r1a..nd c()lJ~._,_
i _~~5~~9s,::,." ~-_.~- .- _n ..._,,,,,-- - ._," . ."..--. _.,,- ...,.,.,- ..0-
S, ADDITIONAL CERTIfiCATION
The Appraiser certifies and agrees that
{l) The analyses. opinions and conclusions were developed, and tl1is report was prepared, in conlonnlty w~h the Ur~lorm Slandards 01 PrOfessional
I Appraisal Practice i"USPAP"l. except t~..lt We Departure Provision 01 the USPAP does not apply,
I 12) Their compensation is not contifl\lent upon \he reporting 01 predetennined value or direction in value that favors tl1e cause 01 \he client, the amounl
of the value estimate, the attainmel1l of a stipUlated reslJli. or the occurrence of a subseQuel1l event.
i3'l This appraisal assignmer! was not based on a requested minimum ',alllalion, a specilic valuation. or Ihe approval of a loan.
I ;" ADDITIONAL (ENVIRONMENTALI LIMITING CONDITIONS
I TIm value estimated is based on Ihe assumplion that the property is no1 negatively affected by the existence of hanrdous subslances or drrtrimental
environmental condITiQns unless o1118rwise stated in this report, The apprais,r is no1 an expffi1 in the identification of hazardous substances or detrimBt1!al
I e:wiromne!1\al ce;;ii!IQns. Tl1r, appraiser's ro!J\ine in;,pecliun el and inquiries aooul the subiect property did nill develop any inlOlmation that indicaled
any a?parem signitiGan! hazardous substances or demmenlal environmental condITions which would affect the property negatively unless otherwise staled
In this report. It is possible that lests and Inspeclions made by a qualitied hazardous substance and environmental e.~pert wnuld reveal the existence 01
nazardolis substances or det/imentai environmental COndITions on or around the property that would negatively alteel ITS value.
._i ADDITIONAL COMMENTS
-.----
" !~F"'~,ful:3iHl'S SlGl\lATURE 8. lJr;eNSf/CERTlflCATION
,
. .
,/,:,.A' ~/1 t /1
,,':",.:,~/ ~':r>~'~<I/ ii,/ ,<
Appraise's Sign"~'"'' >.gI(,~ (<<eclive Dale 05121120~_ Date Prepared .June 13, 2007
Appraiser's plame IPlllrt) Chris H Davis, Certified Residential Appraiser Phone # 717-432-8586
~~,?lR. ~~. --1 lJrJU;'F!'" '>1; \.rJt,!rir.Jn/~.R! * IT\L VY6~'L1 1;r;~ I,Q, -* 2'0.J:.A'tRF..B4
~.
CO-SIGNING APPRAISER'S CERTIFICATION
ih. co'signing appraiser ~.J)ersl)@ilyj[!.SjJJK~d the subject property, both inside and out, and has made an exterior inspection at ail comparable sales
[i~ted in the report, The repGn Wa5 prenarea by the appra\sGt under dlre::;1 superiJision Of the co.sjgning appraiser. The co-signing appraIser accepts
responsibilITY for the contel1ls of the report Including the value conclusions and the limITing colllitions, and confirms that \he certifications apply
lully 10 lhe .:o-s!gning appraiser.
The co.signingappraiser h~l1gtQ~rsonallv inspe.r;~ the interior ot the subiect property and:
fl~~.t1Q;jnsp.!i~t!lg thE e~1ertor of the subject property and ;Jll ccmpilrable sales Hsted in the report.
t\;.P Jn~:p~;~!~d the exterior of th~ su'oied property -anti all comparable saies lls1ed in The report
Th~ tef301l W;l1:; mej)jm~d hy the iUJOlan;er under dIrect superVIsIon of lhe r,o.~jJll1m!l aopriti~er, The c(I-signinl1 apprjllser accepts re$ponsibnity jot the
contents of the report, !n(Alding the vaiue conclusions and the limi/ing condrtions, and contirms that the certifications apply fully to Ihe co~slgning
~pprai$er \,vrth H16 p,xi:ep1ion of the certification regarding 9h'(siGJi inspe~tjofls.. The abo.ve dl;',~cnb:es 'ht'. le'4t\ oi in~pettion pertoflTlerl by the:
CG' signing appri"liser.
TM c.O'Signllll) "pprcis~r's iew oj inspeclion, InvolvmTIe1t in lhe appralsai IUOteSs and certiticalion are covel~d elsewhere in the addenda section
Of this appraisaL
CO-SIGNING APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION
Co.Signmg
,~ppraise(5 SignalUle Effective Date
Co-Signing l\ppUIHV'S Name (pnni) ~.,.",.
State --, License [' 1 Celtilication #
Date Prepared
Phone #
Tax ID #
Page 2 Of 2
FOIm MPA~i - ;'TOTAL far Windows" appraisal software by a la mode, ll1t. -- 1.SCC-ALAMODE
f;iif'J0:0705T3~1ZJ
eertifi~ate l'*pe
CettifiedRe&idotl(ial Appnilser
06 331160
Certificate St.tus
Active
Initilll (;'crtificalioil})llte
1)712812006
cttRIS If DAVIS
Z191"\JTi1;R$ CIRCLE
0ilIslIurg 1"'>\,11019
Certifkate
Number
RL139387
E~piration Da.tc
0C)I30f2007
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JRieNo. 07051331 Paoe # 181
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REAL ESTATE APPRAISERS PROFESSIONAL LIABILITY
Tl'!1S DECLAAATlmt PAGE is ATTACI~EI) TO AND fORMS PART OF THE POLICY
r" ........
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Form SeA - 'TOT & for Windows' appraisal software by a la mode, inc. - 1-80Q.ALAMODE
SUMMARY OF SALIENT FEATURES
Subject Address 14357 McCalmont Road
Legal Description Deed Book Vol. 709 page 604
City Roxbury
:. County Franklin
Slate Pa
Zip Code 17251
Census Tract 130067-0102.00
Map Reference 13-0G 13-042-00000
Sale Price $ N/A
Date of Sale N/A
Borrower Estate of Wayne Rightnour
Lender/Client Michael Travis Attorney
Size (Square Feet) 480
Price per Square Foot
Location Average
. Age 40+-
Condition Average
Total Rooms 3
Bedrooms
Baths 0
Appraiser Tim Ausherman
Date of Appraised Value 5-2-2007
Opinion of Value
$ 56,000
Form SSD2 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMDDE
Ausherman Bros. Real Estate Inc.
Estate of Wavne Rinhtnour
14357 McCalmont Road
Roxbury
Michael Travis Attornev
File No.
County Franklin
State Pa
Zip Code 17251
APPRAISAL AND REPORT IDENTIFICATION
ThiS Appraisal Report is one of the following types:
o Self Contained (A written report prepared under Standards Rule 2-2(a) ,persuant to the Scope of Work, as disclosed elsewhere in this report.)
[8J Summary (A written report prepared under Standards Rule 2-2(b) ,persuant to the Scope of Work, as disclosed elsewhere in this report.)
[] Restricted Use (A written report prepared under Standards Rule 2-2(c) ,persuant to the Scope of Work, as disclosed elsewhere in this report,
restricted to the stated intended use by the specified client or intended user.)
Comments on Standards Rule 2-3
I certify that, fa the best of my knowledge and belief:
- the statements of fact contained in this report are true and correct.
- the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased pro1essional
analyses, opinions, and conclusions.
-I have no (or the specified) present or prospective interest in the property that is the subject of this report and no (or the specified) personal interest with respect to the parties
involved.
- I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment
- my engagement In this assignment was not contingent upon developing or reporting predetermined resuits.
- my compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the
client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.
- my analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice.
-I have (or have not) made a personal inspection of the property that is the subject of this report. (If more than one person signs this certification, the certification must clearly
specity which individuals did and which individuals did not make a personal inspection of the appraised property.)
- no one proVided significant real property appraisal assistance to the person Signing this certification. (If there are exceptions, the name of each individual providing significant real
property appraisal assistance must be stated.)
Comments on Appraisal and Report Identification
Note any USPAP related issues requiring disclosure and any state mandated requirements:
APP.A"'" ~
~- &;f/l,
Name' Tlm~sh~
Date Signed? June 04, 2007
State Certification #'. GA-000149-L
or State License #:
State: Pa
Expiration Date of Certification or License: 6/30/2009
SUPERVISORY APPRAISER (only If requIred):
Effective Date of Appraisal:
Signature:
Name:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Supervisory Appraiser inspection of Subject Property:
o Did Not 0 Exterior-onlY from street 0 Interior and Extenor
Form 1006 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
~ A~praisal Report
_..........In!lrin File o.
c-;nertv Address 14357 McCalmont Road Citv Roxburv State Pa Zio Code 17251
Leoal Descriotion Deed Book Vol.709 paae 604 Countv Franklin
Assessor's Parcel No. 13-0G 13-042-00000 Tax Year 2007 R.E. Taxes ~ 277 Sneci I A<sessments $ None
Borrower Estate of Wavne Riohtnour Current Owner Estate of Wavne Rinhtnour Occuoant: 1)(1 Owner I Tenant 1)(1 Vacant
.. Prooertv riohts aooraised [)<J Fee Simole I I Leasehold Proiect Tvne l PUD I I Condominium IHUDNA onlv\ HOA$ 7Mo.
Neinhborhood or Proiect Name Luraan Man Reference 13-0G 13-042-00000 Census Tract 130067-0102.00
Sale Price ~ N/A Date of Sale N/ A Des'rl"tion and t amount of loan 'harne,j'oncessions to be naid bv ",lIer NI A
Lender/Client Michael Travis Attorney Address 3904 Trindle Road Camo Hill Pa 17011
Anoraiser Tim Ausherman Address 229 North Second Street Chambersbura
Location U Urban LJ Suburban ~ Rurai Predominant _~~e family hOUSI~ Present land use % Land use change
PRI AG
Buitt up DOver 75% o 25-75% ~ Under 25% occupancy $(000) (yrs) One family ~ ~ Not likely o Likeiy
Growth rate o Rapid ~ Stable o Slow [gJ Owner 95 20 Low ~ 2-4 family ~ o In process
Property values r;><J Increasing o Stable o Declining o Tenant 5 300 Hioh 200 Multi-family ~ To:
Demandlsupply o Shortage [gJ In balance 0 Over supply ~ Vacant (0-5%) .:... .1 Predominanf I Commercial
Marketino time ,'1 Under 3 mos. iXi 3-6 mos. n Over 6 mos. . Vac.lover 5%\ 120 90 Vacant 80
Note: Race and the racial composlllon of the neighborhood are not appraisal factors.
Neighborhood boundaries and characteristics: Bounded b" Snrinn Run to the west Newbura to the east Lelferkennv to the south and Pa turnoike to
the north.
- Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.):
-
- Neiohborhood consists of scattered sinole familv homes and land in woodland and anricultural use. Overall aoeeal to the market is averaoe.
Emnlovment stabilitv is nood with the current unemolovment rate under 4%.
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.):
Market conditions in the neiohborhood remain steadv marketinn time is currentlv annrox 3-6 months with it beino common far sellers to assist
buvers with closino costs.
Project Information for PUDs (If applicable) - , Is the developer/builder in control of the Home Owners' Association (HOA)? U Yes D No
Approximate total number of units in the subject project Approximate total number of units for sale in the subject project
Describe common elements and recreational facilities:
Dimensions irreoular Topography Rollino
Site area 2.79 acres Comer Lot 0 Yes [gJ No Size Tveical
Specific zoning classification and description None exists Shape Irreaular
Zoning compliance 0 Legal 0 Legal nonconforming (Grandfathered use) 0 Illegal ~ No zoning Drainage Adeauate
H;nrn.st & best use as imnroved: I)(f Present use n Other use 'exnialn\ View Averaoe
Utllnies Pubiic Other Off-site Improvements Type Public Private Landscaping Averaae
Electricity ~ Str~et Gravel r;><J 0 Driveway Surface Gravel
Gas [J Curb/gutter None 0 0 Apparent easements None Observed
Water o None Sidewalk None 0 0 FEMA Special Flood Hazard Area DYes [gJ No
Sanitary sewer iJ None Street lights None n R FEMA Zone C Map Date 9/1/1978
Storm sewer (=] Allev None n FEMA Man No. 4216520002A
Comments (apparent adverse easements, encroachments, speciai assessments, slide areas. illegal or legal noncontorming zoning use, etc.): No adverse
easements or encroachments were observed. The subiect site does not have an an site well or seetic svstem.
GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION
No. of Units 1 Foundation Black Slab ves Area Sq. Ft. N/A Roof _0
No. of Stories -L-_ Exterior Walls Frame sidinn Crawl Space none % Finished N/A Ceiling ~ 0
Type (Det.! Att.) Detached Roof Surtace Metal Basement none Ceiling N/A Walls ~ [gJ
Design (Style) cabin Gutters & Dwnspts. none Sump Pump no Walls N/A Floor ~D
Existing/Proposed Existino Window Type Obi Hunn/avn Dampness No Floor N/A None _0
Age (Vrs.) 40+- Storm/Screens ves/avo Settlement none observed Outside Entry N/a Unknow~ r;><J
Effective Aoe <Yrs.\ 15 Manufactured House No Infestation None
ROOMS Fover Livino Dinino Kitchen Den Familv Rm. Ree. Rm. Bedrooms # Baths Laundrv Other Area Sn_ Ft.
- Basement N/A
Levetl 1 1 330
- Level 2 1 150
-
. Finished area above made contains: 3 Rooms' 1 Bedroom1s\' Bath sl: 480 Sou are Feet of Gross Livina Area
INTERIOR Materials/Condition HEATING None KITCHEN EOUIP. ATTIC AMENITIES CAR STORAGE:
Floors cot vin/avn Type none Refrigerator [EJ None 0 Firepiace(s) # ~ ~ None r;><J
Walls nanel/avn Fuel none Range/Oven [EJ Stairs 0 Patio None 0 Garage # of cars
Trim/Finish wood/avg Condition no Disposal 0 Drop Stair 0 Deck None 0 Attached
Bath Floor none COOLING no Dishwasher 0 Scuttle 0 Porch porch ~ Detached
Bath Wainscot none Central no Fan/Hood 0 Floor 0 Fence none 0 Buill-In
Doors Hollc/ava Other Microwave 0 Heated R Pool None R Carport
Condition avo Washer/Drver n Finished Drivewav 2
Additional features (speciai energy efficient items, etc.): Open porch, 2nd 10Q structire 13 x 16 used for storaQe_
Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: Overall
condition is averaoe does not have well or seetic svstem does have electric.
-
Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the
I immediate vicinity of the SUbject property.: No adverse environmental were observed on the site or within the neiohborhood.
Freddie Mac Form 70 6193
Ausnerman ~ros. Heal tstate Inc.
UNIFORM RESIDENTIAL APPRAISAL REPORT
N
PAGE 1 OF 2
Form UA2 - "WinTOTAL" appraisai software by a la mode, inc. -1-800-ALAMDDE
Fannie Mae Form 1004 6/93
.... <..rtinn e o.
~; -,,'.JATED SITE VALUE = $ 45 000 Comments on Cost Approach (such as, source of cost estimate, sfte value,
,STlMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: square foot calculation and for HUD. VA and FmHA, the estimated remaining
Dwelling 480 Sq. Ft. @$ 55.00 = $ 26 ,400 economic life of the property): Cost Per So Ft Was Derived From
Sq. Ft. @$ = Marshall And Swift Cost Handbook. Little weioht is placed in this
;, I porch = 3,000 aparoach due to the aoe of the improvements.
: Garage/Carport _ Sq. Ft. @$ =
Total Estimated Cost New = $ 29 ,400
_ Less Physical Functional External
Depreciation 7.3501 I =$ 7350
Depreciated Value of Improvements =$ 22 050
'As-is" Value of Sfte Improvements =$ 2000
INDICATED VALUE BY COST APPROACH ~$ 69,050
ITEM I SUBJECT COMPARABLE NO, 1 COMPARABLE NO.2 COMPARABLE NO.3
14357 McCalmont Road 23169 Burns Valley Rd 12930 Keefer Rd 1383 Lincoln Way West
Address Roxburv Dovlesbura Upper Strasbura McConnellsburo
Proximity to Subiect '.' IF)) I 7.96 milA~ N 7.~ ~
Sales Price Is N/A ",);lS . M_ R~90n 1$ 7n nnn
Pric'/Gross Livinn Area 1$ rtJ $ 65.79 rtJl.'\:i".', S 37.82 rtJ 81.21 rtJh'>; >.:')
Data and/or Courthouse Courthouse Courthouse
Verification Source Inspection IMLS-Insoection MLS
VALUE ADJUSTMENTS DESCRIPTION OESCRIPTION +1-1$ Adiust DESCRIPTION + I -)$ Adiust. DESCRIPTION + ( -1$ Adiust
Sales or Financing I,t ...fl,!;)"., Cony Con v Cony
Concessions No concess No con cess
Date of SalelTime .))'; 'i.' 2-22-2007 2-9-2007 9-29-2006
Location Averaoe Averaoe Averaoe Averaoe : --
Leaseholrl/Fee Sim Ie Fee Simple Fee Simnle Fee Simale Fee Simple
Site 2.79 acres 2.25 acres +3 000 lAcre +10700 2.34 acres +2 700
View Averaoe Averaoe Averaoe Averaoe
Desinn and Anneai cabin cabin cabin cabin
Qualltv of Construction frame/avo Block/avo Frme/avo vinvl/avo
Ane 40+- 40+- 50+- 40+- :
Condition Averaoe Averaoe Fair +10000 Averaoe
Above Grade Total: Bdrms: Baths Total : Bdrms : Baths: Total : Bdrms : Baths: Total : Bdrms : Baths:
Room Count 3 1 0 4 2 0 7 4 1 : -3,000 4 : 1 1 -3,000
Gross Livinn Area 480 Sa. Ft. 912 Sa. Ft. : -4320 1 848 Sa. Ft. : -13680 862 Sa. Ft. : -3820
. Basement & Finished N/A N/A N/A PArt -1,000
- Rooms Below Grade N/A N/A N/A
Functional Utilitv Fair/no well no se Fair/ well onlv -3500 Averaoe -15000 Averaoe -15000
. Heatinn/Coolinn Firealace/wste Wstve base/none Fha/none
- Enernv Efficient Items Sw Sw Sw Sw
Gara~'/Carnort None None None None
Porch. Patio. Deck, Porch Porch Porch : Porch
Firenlacels\ etc. 1 fal None +1000 None 1 fal
Fence Pool etc. Loa shed Shed None +3 000 None : +3 000
Kftchen Old Kitchen Old Kitchen : Old Kitchen Old Kitchen
"'Ad."." ~""iiIiI .''''':liM!1 -17120
Adjusted Sales Price
of Comnarable ',' 56 180 61 920 11 $ 52 880
Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.) Comparable sales are of cabins that would appear
to a similar market. The subiect property has no on site well or septic system and would appeal to a very limited market..
'-
-'
-----~---
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3
Date, Price and Data 1-3-75 No sale prey 12 months No sale prey 12 months No sale prey 12 months
Source, for prior sales 5800 N/A N/A N/A
within year of aooralsal Courthouse Courthouse Courthouse Courthouse
Analysis of any current agreement of sale, option. or listing of subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal:
The subiect property is not currentlv listed for sale.
INDICATED VALUE BY SALES COMPARISON APPROACH $ 56 000
INDICATED VALUE BY INCOME APPROACH lif Annlicable\ Estimated Market Rent $ N//A . /Mo. x Gross Rent Muftiolier N/A ~$
This appraisal is made [2g "as Is" U subject to the repairs. alterations, inspections or conditions listed below U subject to completion per plans & specifications.
Conditions of Appraisal: See attached Iimitino conditions and Firrea addendum.
Final Reconciliation: Emphasis was placed on the sales comparison approach to value which is best reflective of market value. Cost Approach
tends to sunnort this estimate of value. Income annroach was not utilized due to lack of rentals sold necessary to establish a GRM.
- The purpose of this appraisal is to estimate t 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;:f fi)lition that are stated in the attached Freddie Mac Form 439/FNMA form 1004B (Revised 6-93 ).
- "." ,"',m '" ~~' ",""'"",, "'" ,rn ,"'"","',. '" "''''''"' ". '''''','''' 5-2-2007
(WHICH IS THE DATE'OF SP .I ~ THE EFFECTIVE DATE OF THIS REPORT) TO BE $ 56,000
APPRAISER: /1 '_./ SUPERVISORY APPRAISER (ONLY IF REQUIRED): o Did o Did Not
Sinnature ' ..' SiQnature
Name Tim 4\u~h..{rk?ri ' .............. Name Inspect Property
Date ReDorkionatl/ June 04, 2007 ~ Date Renort Si ned
State Certification # GA-000149-L State P A State Certification # State
Or State License # State Pa Or State License # State
Freddie Mac Form 70 6/93
UNIFORM RESIDENTIAL APPRAISAL REPORT
I
I
FII N
PAGE 2 OF 2
Form UA2 - "Win TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Fannie Mae Form 1004 6-93
f\U::SIlt:J1I1CUI orU::S. nt;:i;lI t:;ldlt: lilt;.
/ FIRREAJUSPAP ADDEf1iDUM
ft ,,- Client Estate of Wayne RiQhtnour File No.
. ,:~;,<y Address 14357 McCalmont Road
:,;y Roxburv County Franklin State Pa Zip Code 17251
Lender Michael Travis Attornev
Puroose
J:.U!2-ose of the appraisal is to market value as of the dated of death for the estate of Wayne RiQhtnour. -----
--
Scope of Work
An interior insoection of the subject orooertv was made. . A complete review of the neiQhborhood and market conditions was comoleted. Within
the appraisal the aooraiser utilized two aooroaches to value.. The cost aooroach was develooed with the use of Marshall & Swift Cost Handbook
The sales comoarison aooroach was develooed and is considered to be the best aporoach apolicable as it reflects current market conditions. The
income aooroach was considered however was the aooraiser did not utilize this aooroach as there is a lack of data neccessarv to develoo a Gross
rent multiolier. In this case the income approach is not considered to be aoolicable.
Intended Use I Intended User
Intended Use: Estimate market value for the estate fo Wavne Riqhtnour
--
Intended User(s): Estate of Wayne RiQhtnour
History.of Prollertv
Current listino information: Subiect property has not been listed for sale within the cast 12 months.
Prior sale: Sub' ect orooertv last transfer was 1-3-75
~posure~me/Mark~no~me ..
Estimated marketinQ time based upon current statistics is 3-6 months.
Personal (non-realM Transfers
None
Additional Comments
Subiect orooertv is located within a rural area in the north west end of Franklin Co.
---
Certification Supplement
1. This appraisal assignment was not based on a requested minimum valuation, a specific valuafion, or an approval of a loan.
2. My compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value
estimate, Ihe attainment of a stipulated result or the occurrence of a subsequent event.
~)
Tim Ausherman /~ ,1 Supervisory
Appraiser: Appraiser:
Signed Date: June 04 2007// 1" /' "'- Signed Date:
Certification or License #: G#000f49-L Certification or License #:
Certification or License State: Pa Expires: 6/30/2009 Certification or License State: Expires:
Effective Date of Appraisal: 5-2-2007 Inspection of Subject: o Did Not o Exterior Only o Interior and Exterior
Form FUA LG - "WinTOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
Subject Photo Page
fJ,-'"
...'- -",'
"
Borrower/Client Estate of Wavne Rinhtnour
Prooertv Address 14357 McCalmont Road
City Roxburv County Franklin State Pa ZiD Code 17251
Lender Michael Travis Attornev
t"nr..... DI('Av~ <::0 _ II\A/inTnTAln ')"nl"');,,')1 cnftw'lro h" '11'1 rnntta inl" ~_1_"nn_^1 AlIInnJ:
Subject Front
14357 McCalmont Road
Sales Price N/A
Gla 480
Total Rooms 3
Total Bedrms 1
Total Bathrms 0
Location Average
View Average
Site 2,79 acres
Quality frame/avg
Age 40+-
Subject Rear
Subject Street
Photograph Addendum
/If
Coun Franklin
State pa
Log shed
Zi Code 17251
Comparable Photo Page
"
Borrower{Client Estate of Wayne Riehtnour
PropertY Address 14357 McCalmont Read
City Roxbury County Franklin State Pa Zip Code 17251 --
Lender Michael Travis Attornev
Comparable 1
23169 Burns Valley Rd
Proximity 7.96 miles N
Sale Price 60,000
Gla 912
T Olal Rooms 4
Total Bedrms 2
Total Bathrms 0
Location Average
View Average
Stte 2.25 acres
Quality Blocklavg
Age 40+-
Comparable 2
12930 Keefer Rd
Proximity 7.97 miles SW
Sale Price 69,900
Gla 1,848
Total Rooms 7
Total Bedrms 4
T otai Bathrms 1
Location Average
View Average
Site 1Acre
Quality Frmelavg
Age 50+-
Comparable 3
1383 Lincoln Way West
Proximity 20.92 miles SW
Sale Price 70,000
Gla 862
T otai Rooms 4
Total Bedrms 1
Total Bathrms 1
Location Average
View Average
Site 2.34 acres
Quality vinyllavg
Age 40+-
1
Building Sketch
,.
Coun Franklin
State Pa
Zi Code 17251
15.0'
15.0'
Living
0 Bedroom (:)
N 0
N ~
Kitchen
Porch
(:)
(J)
15.0'
Sketch by Apex IV'"
Form SKlBldSkl- "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
Location Map
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State Pa
Zi Code 17251
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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. Pa 2170 Buck Hollow Road Big Cove Tannery
17212
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 10048 6-93
Ausherman 8ros. Real Estate Inc.
Form ACR DEFD - "WinTDTAL" appraisal software by a la mode, inc. -1-800-ALAMDDE
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APPRAISER'S 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 simiiar 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 ioan.
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 ail 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 anaiysis 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 PRO$ERTY . ~SED:
/
APPRAISER: /
Signature: ',,----
Name: Tim sh r . a ---......
Date Signed: /Juhe 04, 2007 ~
State Certifi~ation #: GA-000149-L
or State License #:
State: Pa
Expiration Date of Certification or License: 6/30/2009
14357 McCalmont Road ,Roxbury, Pa 17251
SUPERVISORY APPRAISER (only if required):
Signature: ___.____~~____
Name:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License;
o Did
D Did Not Inspect Property
Freddie Mac Form 439 6-93
Page 2 of 2
Fannie Mae Fonm 10048 6-93
Form ACR DEFD - "Win TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE