HomeMy WebLinkAbout01-16-08
COMMONWEALTH OF
~~~~ ~,W~~~~
~
R E V 15 0 0 ~ oFF~C1AL USE ONLY
-
~ PENNSYIVANIA •
~
~*~ DEPARTMENT OF REVENUE
DEPT.280601
INHERITANCE TAX RETURN FILE NUMBER
~
HARRISBURG, PA 17128-0601
R E S I D E N T D E C E D E N T
2 ~~- z-°- -~- -~- -3- ~-
COUNTY CODE YEAR NUM6ER
F- DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL} SOCIAL SECURITY NUMBER
Z
W 20Cs 38 - 7953
W DATE OF DEATH (MM-DD-YEAR)
05/17/2007 DATE OF BIRTH (MM-DD-YEAR)
07/24/1958
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
(~ REGISTER OF WILLS
W
0 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
None _ _
w
Q N a 1. Original Return ~ 2. Supplemental Retum
~ 3. Remainder Retum ~ea~e o~ aeau, P~o~ ~o ~z-ia-az~
W a ~ ~ 4. Limited Estate ~ 4a. Future Interest Compromise ~da~e ordeam aaer ~z-i2-ez~ ~ 5. Federal Estate Tax Retum Required
~ a m
a ~ 6. Decedent Died Testate ~nn~~n coPy orw~iq ~ 7. Decedent Maintained a Living Trust ~Anacn ~Py orrtisi~ ~ 8. Total Number ot 5afe Deposit Boxes
a ~ 9. Litigation Proceeds Received ^ ~O. SPOUSBI POV2ff)/ CBdI( (date of dealh behveen 12-37-91 and 1-7•95) ~ 11. Election io tax under Sec. 9113(A) ~an~~ scn o~
z x ISSE~ O MU~ =_.€ ,~IiII~L`~T D-~'L TO~~ 5'0 ~j_." ' fy
~!~ .~. ... ~ `~.. ~ .....:. __. . ~ ~ ~iD~~~ . . ~
,~ ... . ~.... ~, p_'+ OUL . E~IR~GfiED±f04
Z NAME ~n E. ~~~ ~ COMPLETE MAILING ADDRESS
~
W 119 Locust Street
FIRM NAME (Itqpp~irab~e)
~ P, ~. $pX 11
leckner 847
a Harrisbur
TELEPHONE NUMBER ~J~ PA 17108-1847
~ 717-238-1731
1. Real Estate (ScheduleA) I~) ~Rn
M n0 OFFICI~~ USE ONLY
~
2. Stocks and Bonds (Schedule B) (2) 2,192. 96 ,
~ `~
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) - 0- ; ?
r ~ ;: ,= '
~ ,
4. Mortgages & Notes Receivable (Schedule D) (4) - ~ -
,
h
.~' ; --,
~ ~ .
5. Cash, Bank Deposits & Miscellaneous Personal Property (5) 89, 413. 67 r
I
%'~1 "~~`.
Z
O
Q (Schedule E)
6. Jointiy Owned Property (Schedule F) ~6~ 1, 988. ~7
^ Separate Biliing Requested = `' ~ i
' ;-;
-~ ~-
€~:v~ , ,
"
_I
~
~ - ~ -
7. Inter-Vivos Transfers & Miscelianeous Non-Probate Property (7) ~
H' fSchedule G or Ll
a
V
W
~
Z
~
H
H
~
~
~
O
U
~C
1-a-~
8. Total Gross Assets (to?al Lines 1-7) ~g~ 373, 594. 70
9. Funeral Expenses &Administrative Costs (Schedule H) (9) _ a~~ ~~7 Q~
10. Debts of Decedent, Mortgage liabilities, & Liens (Schedule I) (1~) S1 S~ 1 n7 71
11. Total Deductions (total Lines 9& 10) (11) 565, 035. ~ 4
12. Net Value of Estate (line S minus Line 11) ~12~ _ O_
13. Chantable and Govemmental Bequests/Sec 9113 Trusts for which an election to tax has not been (13) _ _ ~_
made (Schedule J)
14. Net Value Su6ject to Tax (Line 12 minus Line 13) ~~q~
~
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a}(1.2)
16. Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxabie at sibling rate
18. Amount of Line 14 taxable at collateral rate
U x .0 ._ (15)
~ x
0 (16
.
_ )
~ x
12 (17)
.
0 x
15 (18)
.
19. Tax Due ~19~
20. ^ • ~ ~ • •
- 0 -
- ~ -
- 0 -
- ~ -
Decedent's Complete Address:
421
0
ZIP
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit _
8. Prior Payments
C. Discount
0
Total Credits ( A+ B+ ~) (2)
3. Interest/Penalty if applicable _~n
D. Interest ~
E. Penalty 0
Total Interest/Penalty ( D+ E) (3) ~
4. If Line 2 is greater than Line 1+ Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund (4) 0
5. If Line 1+ Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0
A. Enter the interest on the tax due. ~SA~ ~
B. Enter the total of Line 5+ 5A. This is the BALANCE DUE. (5B) 0
Make Check Payable to: REGISTER OF W/LLS, AGENT
yss~ ~._ .r~~. -~~,,~~::. ~ -~ ~,.;~ ~~:~^~•,. > °~.~-~` .~
~ , . : . ~ . ., . . ~- ~..k.~.. ~~,,~,°~ ~~ :,,
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" 1N THE APPROPRIATE BLOCKS
~~(~ 1. Did decedent make a transfer and: Yes No
a. re±ain the use or income of the property transferred :.............................................. ................................. ^ X^
~ ........ ..
` b. reiain the right to designate who shali use the property transferred or its income :............................................ ~ ~
c. retain a reversionary interest; or .......................................................................................................................... ~ ~
d. receive the promise for life of either payments, benefits or care? ...................................................................... ^ [?~i
2. if death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .............................................................................................................. ~ ~
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. ^ OX
4. Did decedent own an Individuai Retirement Account, annuiry, or other non-probate property which
contains a beneficiary designation? ........................................................................................................................ ~ ~
IF THE ANSWER TO ANY OF THE ASOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RFTl1Rn-
Under penalties of perjury, I declare thaf I have examined this relurn, including accompanying schedules and sfatemenls,
Declaration of preparer other than Ihe personal representative is based on all information o( which preparer has any knov
SIGNAyU OF PERSON RFSPONSIBYF FnR Fii iNr RFT~ ~RN
lo the best of my knowledge and belief, it is true, correct and comptete.
~. ,,' L. ..::=~ ~~~`~a~~:~..i~~c.~.~i`,~.:u~7.u~_~''~ .w.~ --m...c.r~~~'~...~~'~~~,~i,l.+'i~:_._^.,.,:. , ~~-~'~' .
" '.. - ...~ '...' ea .:°~Lii v . ` ~.. f.. ~.L.~~,4"y.°' .+afs 3M7^•~F~-z ~
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3%
[72 P.S. §9116 (a) (1.1) (i)]•
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. §9116 (a) (1.1) (ii)].
The statute does r~e~ exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are sti~l applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent,
or a stepparent of the child is 0% [72 P.S. §9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. §9116(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 12% [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 adopGon.
~~)
119 Locust Street, P. O. Box 11847, Harrisburg, PA 17108-1847
ATURE OF PREPA OTHER THAN REPRESENTATIVE ATE
~. . ANN E. RHOADS, Esquire (~ ~~ a~
ADDRESS
P. O. Box 11847, Harrisburg, PA 17108-1847
REV4502EX * (1-97)
SCHEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
ESTATE OF FILE NUMBER
WALLAC~, TfiOMA.S M. 21-07-00539
All reai property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged
between a willing buyer and a willing seiler, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of
survivorshio must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
Real Property situate at 142'1 Silvercreek Drive,
Hampden Township, Cumberland County, Pennsylvania 280,000.00
SEE Broker's opinion
TOTAL (Also enter on line 1, Recapitulation) ($ 280 r 000. 00
(If more space is needed, insert additional sheets of the same
REV-1503 EX i (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
SCHEDULE B
STOCKS & BONDS
ESTATE OF FILE NUMBER
W~~~, ~~S M. 21 - 07 - 00539
Ali property jointiy-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
~ 32 sh. MetLife, Inc. @$68.53/sh. 2,192.96
TOTAL (Also enter on line 2, Recapitulation) I g 2-192. 96
(If more space is needed, insert additional sheets of the same size)
REV-t510 EX . ~+-sn
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
SCHEDULE G
INTER-VIVOS TRANSFERS 8~
MISC. NON-PROBATE PROPERTY
ESTATE OF FILE NUMBER
WALLACE- THOMAS M• 21 - 07 - 00539
This schedule must be compieted and filed if ihe answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
ITEM
NUMBER DESCRIPTION OF PROPERTY
INCLUDETHENAMEOFTHETRANSFcREE.THEIRRELATIONSHIPT00ECE0ENTANOTHEDATEOfTRANSFER.
AT~ACH A COPV OF THE ~EE~ FOR REPL ESTATE .
DATEOFDEATH
VALUEOFASSET % OF
DECD~S
INTEREST
EXCLUSION
fIFAPPLICABIE
TAXABLEVALUE
~, Con~nerce Bank Account #537564569
Opened 10/18/2006
200.00
100$
200.00
0.00
daughter, Andrea E. Wallace, added
as secondary owner 10,11812006
2. Com~nerce Bank Account #302203
Opened 10/18/2006 1,021.44 100~ 1021.44 0.00
daughter, Andrea E. Wallace~ added
as secondary owner 10/18/2006
3. Cor~unerce Bank Account #302337
Opened 1/24/2007 1,010.82 100$ 1010.82 0.00
Decedent Custodian for daughter,
Andrea E. Wallace *
4. Smith Barney
Citi Group IRA Account 54J-77022-14-CF3
Beneficiaries: Decedent's 3 children, 1,207.39 100$ 1207.39 0.00
Nathan A. Wallace, Haley N. Wallace, and
Andrea E. Wa~lace.
Decedent was 48 years old at the time of
his death and could not access this money
without incurring substantial penalty.
5. Mass Mutua.l Financial Group 401(K) Plan
through Lehigh Anesthesia Associates, PC 176,484.59 100$ 176,484.5 0.00
Beneficiaries: 3 children
(SEE above No. 4)
*Please note - total to this beneficiary
is less than $3,000.00
TOTAL (Also enter on line 7, Recaoitulation) g 0. 00
(If more space is needed, insen zdditional sheets of the same size)
REV-1511 EX+ (12-99) ~
,~~s~~ ~~F~E~~LE ~
.~:~.~..V
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES &
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
WALLACE, THOMAS M_ 21 - 07 - 00539
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1 Malpezzi Funeral Home 9,393.00
8 Market Plaza Way, Mechanicsburg, PA 17055
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personai Representative(s) ~~is J. Shatto 13, 670. 00
Social Security Number(s)/EIN Number of Personal Representative(s) 1 Q4-dd_R4~1
Street Address 119 I,oCUSt Stxeet
Ciry rrisburc~ State ~~ zip 17101
Year(s) Commission Paid: _ _
2, ~ Attorney Fees Cleckner and Fearen ~ 20, 000. 00
3. Family Exemption: (If decedent's address is not the same as claimanYs, attach expianation)
Claimant ~~p~~~~~,g
Street Address 94 1~. Old Stone House Road 3, 500. 00
City Car'lisle State PA zip 17013
Relationship of Ciaimant to Decedent Daughter - address was the same at time
Of C72a~1
4. Probate Fees
Register of Wills, Probate 430.00
5, AccountanYs Fees
Gift & Associates, LLC 2004-2006 income tax returns preparati 435.00
6. Tax Return Preparer's Fees
'~. Capital Self Storage Mechanicsburg 167.34
8. Pa. American Water 104.75
9. Robert R. Jones & Associates, appraisal 350.00
10. State Farm Insurance (7~3~07) 370.04
11. PPL - electric service 2.44
Continued on attached sheet TOTAL (Also enter on line 9, Recapitulation) ~ 49, 927. 43
!If mnro cnaco ic noariari insart additional sheets of the same size)
WALLACE, THOMAS
NO.: 21-07-00539
SCHEDULE H - CONTINUED
Item
Number ' Descriptioa Amouat
B. ADMINISTRATIVE COSTS:
12. The Patriot News, legal advertising 154.62
13. Cumberland Law Journal, legal
advertising 75.00
14. Register of Wills, short certificates 44.00
15. UGI - gas service 225.32
16. Commerce Bank - checks 41.87
17. Fee for physician background check 9.95
18. Photocopies - medical records 563.71
19. PA Dept. of Transportation 15.00
20. Federal Express 20.77
21. Patriot News - legal advertising 154.62
22. Cumberland County Coroner - Report 200.00
REV-7512 EX ~ (L97)
i
~ ~~
y-~ ~ SCHEDULE I
~~~
COMMONWEALTHOFPENNSYLVANIA DEBTS OF DECEDENT~
INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS
RESIDENT DECEDENT ~
ESTATE OF FILE NUMBER
WALLACE, THOMP,.S M. 1- 07 - ~~~'~9
Include unreimbursed medical expenses.
ITEM
NUMBER DESCRIPTION AMOUNT
1. IRS: income taxes, tax year ending 12/31/2005 20,942.91
2. Sprint Account #0070516305-2 586.67
3. Bank of America Account #5329 0315 2044 8513 25,381.81
4. Verizon 271.67
5. Sundance Spss (GE Money Bank) Acct. #6034-6226-2704-4090 6,414.70
6. Members First Loan (2001 BMW Z-3) Account #280187-01 23,207.11
7. American Express Account #371711565051003 3,238.26
8. Chase Bank, USA, N.A. Account #6283443 1,400.40
9. Chase Home Finance Loan #1962128851 295,017.66
10. II~IC Mortgage Corporation 52,336.38
11. Carlisle Country Club Acct. #W15 5,224.73
12. Kathy Aymin (Christmas candy) 71.00
13. Royer's Flowers 80.18
14. Comcast Cable 83.19
15. Turnberry Homeowner's Association 80.00
16. Pier I Imports Account #5888-9641-4608-0166 1,352.15
17. Hampden Township - sewer/trash services 428.65
18. Pennsylvania Turnpike Conanission - 10/29/06 EZ Pass Violation 59.75
19. Lehigh Anesthesia Associates, PC - 401(K) Plan Loan 19,073.53
20. 2001 C~tberland County/Hampden Township taxes 71.00
21. Sylvan Learning Center 230.00
22. Hampden Township - Per Capita Taxes 71.00
CONPINUID ON ATTACf~D SHEE'I'
TOTAL (Also enter on line 10, Recapitulation) I~515,107. 71
(If more space is needed, i~sert additional sheets of the same size}
WALLACE, THOMAS
NO.: 21-07-00539
SCHEDULE I - CONTINUED
Item
Number Descriptioa Amouat
23. Disney Vacation Club Condominium interest
2007 Aaznual Dues 1, 465 . 38
24. Disney Vacation Club loan payments due
to 5/17/07 675.51
25. Disney Vacation Club balance loan 7,000.00
26. Cumberland Valley Pain Management 10.00
27. Lawns Unlimited, Inc. 533.14
28. Comcast Cable 83.19
29. Mercedes Benz Financial Account
#1023506501 (2000 Mercedes ML430) 11,807.11
3Q. Financial BMW N. Americal (2003 Audi) 17,082.20
31. West Shore Tax Bureau - 2005 Local
Income Taxes 2,372.00
32. West Shore Tax Bureau - 2004 Local
Income Taxes 1,727.00
33. Internal Revenue Service - 2006
Income Taxes 10,998.29
34. PA Dept. of Revenue - 2006 Income
Taxes 10.00
35. West Shore Tax Bureau - 2007 Local
Income Z`axes 2,578.00
36. West Shore Tax Bureau - 2005 Local
Income T`axes 1,069.14
37. West Shore Tax Bureau - 2004 Local
Income maxes 2,074.00
i ~~. ~.' ~.+ v.-r ~.i vv~ _ ~
_.~ a , SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
WALI~ACE- THOMAS M• 21 - 07 - 00539
'r RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(Sj RECEIVING PROPERTY po Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [include outright spousal distributions. and transfers under
Sec. 9116 (z) (1.2)l
1 Nathan A. Wallace
.
94 Old Stonehouse Rd., Carlisle, PA 17013
Son
1~3 residue
~. Haley N. Wallace
94 Old Stonehouse Rd., Carlisle, PA 17013 Daughter 1/3 residue
3. Andrea E. Wallace
94 Old Stonehouse Rd., Carlisle, PA 17013 Daughter 1/3 residue
*Decedent was divorced from his wife, Nickola
•
Wallace, in September, 2006, prior to his dea .
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THR OUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHE=T
II NON-TAXABLE DISTRIBUTIONS:
1. A. SPOUSAL DISTR~BUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ ~
(If more space is needed, insert additional sheets of the same size)
~~UG-17-2007(FRI) 1~;40 PRUD THDhiPSON b100D RERL ESTRTE (FAX)~17 761 2563 P.DO1/004
August 17, ~007
TO: 1~ennis Shatto
FRa1V~: Steve T~ompsan
KE: ] 42I SiluEr Creek Dr.
Mechanicsburg PA
(Thomas Wa]]ace)
# OF PAGES: 4
Hi Dennis;
Atiached is th~ Broker Price 4pinion for tYie capbioned prope~y. TJnlike a standard
apptaisal shuwing 3 sold prope~es, this form tak~s into accauat the impact of cuirent
markeC dyrinmics, ProPert~j' condition and comp~tition.
Please feei free to share tltis as ne~ded.
ive me a call with any quesaons or convnents.
~
sociate BrakerlBroker Appraiser
dentiat Thompson Woad
71 ~76I-8353 (O)
717-329-8353 (C)
AUG-17-200~(FRI) 12:40 PR~D THOPIPSON w00D REAL ESTRTE (FRX)71~ 761 2563 P.0~2/OOd
~ ~ ~ Employce Relocation Council
~ Broker's Market Anal sis nnd eRCtr°^°^~ ~~~,r~~~~~
~ y Strategy Report ro,c
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~
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„
~
~ J l~+»~~R
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pucpOSC: This repart is nOt an appraisal or n home Ip6pCCtion
. Rother, it is dcsigncd to mable the real estatc 6rokcr lo conduot u
d~~+gent analysis of the subjcet prop~rty's candition, compctilion, und future marke[ability. Duea{ pn this analysis
the 6rnk
i
t
i
'
,
cr
s
o est
m9u the
subjcc~ property
s ~
• Most Wkcly Saley Price -ps Is" und Most Likely Snles t'rtce ~~~y~th Rcpairs & Improvemenrs," and
• Most 4ikcly Net Price •ps Is" nnd Most Likely Net Price "W~th R
i
"
cpa
n & lmprovem~nts,
assuming n reasonablo marketing time, not W cxceed 120 dnya. (Refer to definitions on pnge 3 of thia form. Also rafer to L-RCe manual on
complcting this fortn.)
'
fhis fontt is bein ~ com letesl for. HomeMorketin AsSiStance NOmts.yle Bu out
Procedural Guidelines
For procedures on wntacting Uomeowner, inspcc[ing property, submitting rc~ort, and providing photos, foliow reques~ing compnnys guidelines.
Pi~e # Homeowner(s) W
Propcrty Address 7. 9 2 l S i 1 v- r r p h~ i•iomc Phonc ri
Ciry, Sc~ro, Zip r 7 0 Work Phonc l)
HMA Requested 6y (Co. & ConGict D & Fn amail
Rcquesting CA. Address Phone tt
Cir~. Sate, Zip Fax ft
kcalEstmePirm&Canwct rt W Th m e-mail ~t~veDtwf~~o1
cOm
Real Estate Ftim nddress Phone il 7]
7-7 61 - A 3
~,
.
.
Ciry,State,Zip ' Fac# 717-761
-~5F3
_
Agent Pttp~ucr (jf othcr timn contLCt) ^~,~y Phone A -
'
~~ ,nOwnefship; ~ Fee Simple Leusehold Type: Condo Coop ^ PfJp
Singlc Ppntily Olher
A ^ Homcownor ^ Tenunt ~ vacant
Indicato any pcrsanal propcrry tliat rcmuine (ag., refrigeramr, cunge, lighting fixturca, ce;iing fans, e[a,1
~
.
I a
I liv ~ Yea Islin ~ v enl
Aacribt lhc most probable means oFfinu~cing and terms for tho subjwt
„ Are po~nw ewtomarily paid by Ihe eeilcr on tlie most probublc financing7 Yes No If yes, how muny?
Commenc on qny other seller financing concessions that arc necessary to enhancc the sale of thc subjcct property
Do you antieipnie uny {ssucs d~at would uf{oce the abiiiry to Necurc financing for Iho subjcct propeny7 (c.g
condition
xonin
.,
,
~;,
enaironmental, FIOA, etcJ ^ Yes ~ No Ifyes, commcnt
Nora 7Re ebouef~Q~cirrg injormaNan :huuld be vrrfed over i~, ~hc MARICEI'IlVG STRATBGY and VAI.i,JL•, ANALYS[5 sauonr ar pvge 3 oj~hG
f~
k'hui rcpairs &.Imp~wmtnts (R&n ure nocessary ro secure orohtain finnneing os indicated in the FINANCWG seaion a6ove and/or are
recommended lo cnh~nce the aubJcet'm mxrke[abillty. (Recommcnded ilems should inerease Ihe aubject's value nnrllor lowcr thc markelin
g
dmc.) Indicate apecific itcros :wd their e..dmatcd cos~s tn cu.e,
Inador Itemr RSci ~admates Gxtcrior Ihms R&I Estim
t
a
es
v S
S 10000 s
S S
s - S
S $
S S
a S
S
Totallnterlor: 3 ~Q000 Tatal ~xterlor: s
TOTAL RScI ~__...~49Q2_.~
(Add !ht Tuml Inrerior S an4 Tuto~ F.uerlar jJ
FsGmate the coutr(6utory vAlue (ifany) of thc TOTAL RdcI ta the Hlar1 fik
l
S
l
P
1
e
y
a
as
r
cc .......................S ~ 2 0 0 0 0
Nute: Thr a6ove reto/nmended Rd•l f(e~ qnd cwtr sliould be pariied m~er ro the MARKk 1'~jVG $'jYjn'j'EGY aM VALUL•
AAIALYSIS
,
on t o h „~,
fEtlionr
List dl required and eustomary inspecuons (s,g„ municipul, certiticate ofoecup¢ncy, rnvironmental, ~~~,)
Requirad:
~ Cuatomary: 1 Z+
Are ~here uny visiblrJknown problem areux which would wymuM1 udditionn] ins~ctions (c.g., structurnl, cte.)
Lisi rcqu;red diaclosures if uny. None ( Es,~~ e 1
Suhjoot's locationul type: Urban Su6urban Diatant subur6on Rurul Farm Reson
Mnrkct Area Price Runge: 5 7 to $ 3 5 ~~ p,o~m, Values ure: Q Incrousing Q Smble ~ DeGining
Mnrk~~ngTime (list m
t
t
U
con
rac
);
p to 120 d„ys 121-I80 days ^ Over 1A0 ~,yyS
Number of closed eompacable sales in markct area in lho last six months: 2 2
Numberof competiny i3stlngy jn su6Ject's p~ce rnnge; ~
Availabilityofrnmpetinglistings: n Shortago Inbalanee ~ pversuPP~Y
Tsroo oPeo~c~s i~n~n~s: foea~oaa mra~ slwuld - iooss~: ~% x~w t,c,m~ ~°L Res,de ~°.u REO/l~ormlosure 2~
".5 Corporalo
~attibe uny markGi~Q COIICaseio~ncCntlves yaing otYae4 on [ompcting propcr(Iea Ihm moy ndviceyp~y y(('~t ~he eubjaPs wlu -
NanmmenQ any murketing conCessions/inceativu~e lha{ ~hovid be af(ercd fOr Ihe aubjx •
r.e. i an ....
•~. , , „».,~,.~~,...~~~~,n,~ n~.~viroa
AUG-17-2007(FRI) 12:40 PRU~ TH014PSON WOOD REAL ESTATE (FAX)71~ 761 2563 P.0~3/OOA
~ d ^ ERC Brakcr's Market Analysis s~nd Strategy Report
~ rar nu pfopCmeg m Dom SNas tlelow,'eport vtrifiable facts and rgutcs eturting with "Proximily to Subject" (hrough "T}~pe Henting System,"
~ Prom "Locution" tlwugli "InL Cenditian'a A
cal
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h it
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"
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pp
,
ac
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oed.
Avg.,
or
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in compnriean to generai market eamp~htion.
^ Rute each competing listing or eompurAb~e eale to the subject b
indi
N
"Pl
"
"
y
cu
ng
us
(more Cavorn6ie th¢n aubject),
Equal" (similnr to subjcct), or
"
"
Minus
Qesa favoc&bk Ihun aubject) in thc Overall RAqpg a! Ihe end ofeach grid. Nate; DNlsr AciJarlmend ve ~pecl0cally nM ncqaey~eJ ~n thc Mo ~dd~ bNpW, ~
ITF. ~ tF ! i. 1 1 n 2 n 3
ndd~,c~ry ]a2t5ilvcrCrcckDr
' 6120 Wallingfod 1000 Chippenham 3939 Srookrid e
g
Mechnnicsbu PA 1
7050
` 7 0 D
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Days-on-murkec 1 ~ Z
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5 T T _ 2
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s v Z 1 ~ G ~.
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Aqaibc sign~nt mlut-rslurod dtffereneer DeM~eGn tbc,rubjec! and the mmheting listingr QndudlnA tu~dition, lacaNnn, aprytal. ameniNv
Crfu,ed mainnnanc
qU
k
,
r. u
ry. yicw, mar
ercanCllloro and days-on-martetJ qrul p~y/ain any re!!er flnuncing, discountpalna, anA/ar othcr conccssla~
betr~nBered~Ilja.ixdicnttj,(h~nrauar ntJwtleupeClGlthecompeNngllstlry%'7Glttrior.
Listin
fll: In
l
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No Comments: r~ v_ n
Livting~l2: Inspectc~J7 yes TTp ~~~~y, $p~gr floo~7Z1 an but nn fi rl L
List3ngN3:Tnspeded2 Ycs No Comments: .79 Acr totally pr~~a*Q
wooded lor
,,
.
Lar ar pme.
iTF S
addross,C~y 1A215iIverCreekDr m~i M
5110 Invernes8 bIc rl
5102 Inv~rness om
1507 Dalkeith
echanicsbu PA 17Q50 ]Z
~
7
D¢ya-on•markM 2 5 .115 2
Trad. 2 5tor
2 Car Attached
10 p P
.25 Acre
2351 P
' B 4 .3.5 ,
F
ll E S . F
4
u
~ry~___
x~osed__
80~ w%bath ..FSdI~___--- Fta,11-----__
_W Fu11_------
Covered peck
~ A N N A
Cen~.ra,l
ev ~n e 68s FHA ~ q FH C' HA
v,
v ~
v
v
Daeribe sigrdfimnf wfue•rclatad d~erentef bcnvern the subfKl undperiding/Nnstd Jalcc ~nciudlnE tpryditian, 1omHon, ep~l, artteniNes, dr.ferrcd
innlnlenance, uNllry. vlew. rnardzt crond(tlont anJdayswn-mardrQ and
(
i
1l
e.sp
a
n any t<
er finaneing, dlsmuru pointr, ard/ar olhtr canerssions whlCh
wenpq(dA4o,i~Nlmle~j~c~c~aerarag~a~w inrpecredtheeompamblesale'slnlerior.
Salelll: Lu
ect
d?
Y
p
e
L,1~,J
es LJ No Camments:
Salc N2: Inspeeted7 Yes No Commcnt~: d ' v w 1
Sulcll3: InspecteJ? Yes No Comments: ma1 1 1 o b ~ 1{
~~ of harciwnocl 1 oor~ ^-a
,
h better condir.inn_
Pyei on ~--- Cm,~~cm ~mmr« x~i~wion cw~di ~v~e
ar, iyi~vc
RUG-17-2007(FRI) 12:41 PRUD TH014P50N WOOD RERL ESTATE (FAX)717 761 2563 P.004/OOd
^ ^ ^ ERC Broker's Market AuAlvsis and Strate¢v RP~~rr
Cammrnt on signlfcum fwiuree ofihe aue'mte arneniciec and Iloor plan/desibm (uppwl, 4ow, functionality, ac.) and dp~rlhC atty ppsltlvc/~~6mUve
NO c~~ninQ r
i
(I
8
i
n
uencconmarkpl~hility,
oom
ceil
nag sta~nPd woodwork lots of waii
oaper. vinvl kitchen floor is liftina Fin LL w/ki h nette and ba h Y
v r ni
Commcnt on any olher known iiema (e.&. rcul eswe taxev, sptclal stseasmmla,ldONCondominium/C,.oop~raijvC fots Or cx~trieiiona, future plant
eloaings, envlroneuhtlal hwarcla, ac.) which moy affect thq tnaticeting And wcnluut eelling price oFthe nu6jcct ropetly and thul urc not mentianed in
.~you~ascaanorih~ro~. -- ~~~1 estata market is v ey Gtr~w ~nlv the " r m 9f th
"
cro
i llin at this time.
T71iS YcPort {s nOt AO A~~[nI3AI OC hOWC insPcqrion.'1~hc purposc of thia R~10lt IS t0 Obbin inPormntion and t6econlaC('yegC~ll ~7Rpu~da
i
op
nione I}~at au~ort an ~stimule of the Moet Lilcely Salra priCC and Mosl Ukely Net Price. Thia will y~ ~3~iCV~d lry Considenng ~c pfnpcrty yppi •Ay
"
"
le
and
Wlth Repuira nnd Impravonrnta,^ ansuminQ trrsanuble marketing timy not to pctoud 120 cluys, lf indica~ed in the F7NANCTNG, S11Ii7GCl'
CONDlY70N
und MARKFiTNG SfR
TEOY
,
A
scctione, oavwnc that tlic xtlltt wlll p~ry poinWconrmsiona.
DefiniHon of [t~C MOet Likely Sples Prlee (MLSP): ~~ ne~;otimed wlueagrcaJ W by bo~ buycr undadlcron the offee~wpurchase com`uc~
rc0atlne tsuxamble morkcting timy not to c:cood 120 dayx (mnrket time m~a,autxel fram the dete of'inapcction te qro pab of [omrum), The ncgotiatcd
vulue ia stimated: a) in "AS Is" cohdilion und,
b) "With Rcpain & Improvementa," which ineludna the contrlbulory vulue oCrecommend~d repalr3 OnJ improvemcnta na indicatcd
on pagc I.
Detinidon OT Financing Coneessions; R~~ummrnded orrcquired mortgagorelalnl pointo and claeing wx(,v pald by Ihe xller, (Sx FMANCiNG
aeation an poge 1.)
Definitian of M urketinK Concessions!-ne~ntf ves: 1'hc coat af recammcnded tonceasionsliocentivea (non-finytcinQ rclalecl)
for ecnm
le~ home
,
p
warron~y, xliing usrnt 6onus, ctc. (Suo raommrndutions in MARKET AREA unJ MAfLICLTING 5T'FtATF.GY serli0ns.)
D~nitian of the Mos[ Likrly Net Price; ~io ncl value ulladeducting mticipatgd enprnaa, whm upplica6lq (rom thu Moai Likciy Sa~rs Pricq
A5 IS" und "Wi~ xepain,n4 tmprov~~mis." Thwe wtticipaltd expctl3CS 9~e Ilmned specihcally I0:
~ toN~ COSt Of retommendcd repoirs.~ improvptnsnts (Itdcl) as indicatrd an paflJ I,
^
finuncing conc~sion9, and
~ muketin r.~nceuiona~incentivea
VALUB ANALYSIS "AS IS" ^WITT; RL~PAlftS & AII+ROVLMENTS"
Moet 1.1{cr]y Su~ce Price (M1S17
marketin Hm ceed 120 da s ~ 2 8 ~ ~ ~ ~ $ 3 ~ 0 ~ ~
" -s i o 0
~~ ~f -s .~
- v~ b -5 -$
MostLikelyNerPricc $ 280000 S 290000
Suggcstcd Initial ListingPrices: $ 289900 ~~ Is) ~ 309900 (With R&n
Other tLnn tLc custom~ry Ilatln~ procr.lorce (c,g„ aubmlttln~ to MI,,S, etc.), deacrfbe your complete mprketln~ strntegy and tye aetlons tu
bc htkcn in the ilret 30 dayB of thc I{adog peHod~ h~~eting the ~ike~y puycr
This shm
l
ld
.
egy s
wu
roTiY b enJ include data on pagcg ~.), inpluding
ucyy ayecinl financing, xller coneeviona, prftinQ stntieyry, effmte of positivo anJ negntiva Cmwcw of tht property or ita loration
and etonomic and
,
acasnna~ ~~md+tho~ maY `Rixt tNe subjec~e vulua Lkscrlbo yuurapinion of mpr~tdng dlher "Af la" or 'With Reppirs dc lmprovCmenta~"
rolating rnst oClepain and Improvemmrs m conRibutary vnlueas well na ofiat an Iolul mwlcain
[i
if
l
d i
g
mc
repa
rs un
mprovcncnp ~e noi
~mD~~~~ ~~~~d~. AttacM an uddendum if'mare spaca ia needed to prosent a Wmplne mn'lceting etratcgy.
Tmmediate placement in the MLS, create and post a Virtual Tour on three
internet web sites, arrange for immediate open house and advertise i
n
local print media with color priotograph, etc.
if U~o purpoee aCthis repotY Is fOr hompmar~etinQ assisWnec
List and oiima~e ehc cost ofadditianul Repain & improvementa rccammmded ~o ma~tec p~~ prop~,ty aflnr it ia vacated (for exnmp~~, ncuirnliu
wsWm decor. p¢mh and palnt wnlie, etc.1-
Pile N: Real EsWte Firm: Pru ~ h 71 Wo R E
itcsl gcmt~ r•irm T tn tt: 2 3?,10 5 2 7 7 Date of Inspo~Hon: 0 8 0 6 2 0 7
ConmctN.me: tev Thom son AgentPreparzrNamc: teVe T m son
r.m ~ Conact Signnture; Agcnt Ptzparcr 5ig~ntur •
nn
__"' __ . _. ._.-.._........_.. ~........,. /
CMS WbI1dJnQ~qm 1.100.21t.1/~d1(IR%1 ~' 12~IiYo
WALLACE, THOMAS
NO.: 21-07-00539
SCHEDULE I - CONTINUED
Item
Number Description Amount
23. Disney Vacation Club Condominium interest
2007 A~nnual Dues 1,465.38
24. Disney Vacation Club loan payments due
to 5/17/07 675.51
25. Disney 'Jacation Club balance loan ?,000.00
26. Cumberland Valley Pain Management 10.00
27. Lawns Unlimited, Inc. 533.14
28. Comcast Cable 83.19
29. Mercedes Benz Financial Account
#1023506501 (2000 Mercedes ML430) 11,807.11
30. Financial BMW N. Americal (2003 Audi) 17,082.20
31. West Shore Tax Bureau - 2005 Local
Income Taxes 2~372.00
32. West Shore Tax Bureau - 2004 Local
Income Taxes 1,727.00
33. Internal Revenue Service - 2006
Income Taxes 10,998.29
34. PA Dept. of Revenue - 2006 Income
Taxes 10.00
35. West Shore Tax Bureau - 2~07 Local
Income T`axes 2,578.00
36. West Shore Tax Bureau - 2005 Local
Income T`axes 1,069.14
37. West Shore Tax Bureau - 2004 Local
Income maxes 2,0?4.00
CLECKNER AN~ FEAREN
ATTORNEYS AT LAW
119 LOCUST STREET
P.O. BOX 11847
HARRISBURG, PENNSYLVANIA 17108-1847 p~CHARD W. CLECKNER
TELEPHONE: (717) 238-1731 2
FAX: (717) 238-8481 H NSON
ROBERT D.
/1916 - 20061
DENNIS J. SHATTO
ANN E. RHOADS RETIRED:
January 1 ~~ 2 0 ~ 8 W ILLIAM FEAREN
Office of the Register of Wills
Cumberland County Courthouse ,-, -
One Courthouse Square
Carlisle, PA 17013 _ •
Re: Estate of Thomas M. Wallace ~•-.
No. 2007-00539
: -~
Dear Ladies and Gentlemen: --
I enclose the following ~or filing in the above-referenced
estate:
(1) Original and two (2) copies of Inheritance Tax Return
(2) Original and one (1) copy of Inventory
Please date-stamp the extra copies and return them to me in
the self-addressed, stamped envelope provided.
Thank you.
Very truly yours,
CLECKNER AND FEAR.EN
~ • ~ `'r 'L~~
Ann E. Rhoads
AER:lnm
Enclosures
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