HomeMy WebLinkAbout02-21-08
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15056041147
REV-1500 EX (06-05)
PA Department of Revenue
Bureau of Individual Taxes
PO BOX.280601
Harrisburg, PA 17128-0601
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
OFFICIAL USE ONLY
County Code Year
File Number
INHERITANCE TAX RETURN
RESIDENT DECEDENT 2 1 0 7
00900
Date of Birth
182363213
09262007
06111912
Decedent's Last Name
Suffix
Decedent's First Name
MI
WHITCOMB
LUTHER
M
(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
181 1. Original Return 0 2. Supplemental Return
o
3. Remainder Return (date of death
prior to 12-13-82)
5. Federal Estate Tax Return Required
0 4. limited Estate 0 4a. Future Interest Compromise
(date at death after 12-12-82)
181 6. Decedent Died Testate 0 7. Decedent Maintained a Living Trust
(Attach Copy of Will) (Attach Copy of Trust)
0 9. litigation Proceeds Received 0 1 O. ~~t~::~ ~~~3'r.1f~en~f 1(~la_~5)f death
o
1
8. Total Number of Safe Deposit Boxes
o
11. Election to tax under See 9113(A)
(Attach Sch. 0)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
DALE F SHUGHART, JR. ESQUIRE
7172414311
Firm Name (If Applicable)
REGISTER QF vIllLLS USe.ONL Y
First line of address
,.--,.-'
10 WEST HIGH STREET
Second line of address
I -,_.)
City or Post Office
State
DATE FILED
CARLISLE
PA
ZIP Code
17013
Correspondent's e-mail address:
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN DATE
~:7A1rYne.q r) - [I )jt;te~>1.J/ SQ Thomas L. Whitcomb ,;(, -I D .-oB
ADDRESS "
616 Mooreland Avenue, Carlisle, PA 17013
SIGNAL)' RE OFPREP~EfR OTH~ REPRESENTATIVE
/ ,2A \/ r:'
. .' ~.....r- \ )
ADDRESS
l/
10 West High Street, Carlisle, PA 17013
Dale F Shughart, Jr. Esquire
DATE
'L
Side 1
L
15056041147
15056041147
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~
ADDITIONAL Personal Representatives
Whitcomb, Luther M 55# 182-36-3213 9/26/2007
Under penalties of perjury, the undersigned declare that they have examined this return,
including accompanying schedules and statements, and to the best of their knowledge and
belief, it is true, correct and complete.
2 Signature
Name
Address
City, State, Zip
Date
3 Signature
Name
Address
City, State, Zip
Date
4 Signature
Name
Address:
City, State, Zip
Date
5 Signature
Name
Address:
City, State, Zip
Date
6 Signature
Name
Address:
City, State, Zip
Date
-7 ~ ~-:-?
/' / :1' <"
~;;t.--V.A' -R- c~e..e?-Y._(~J--->-~"
Mary Lui~ Freeman '"
901 North Main Street
(:~A'KJ
Byers
TX
76357
,. I
:) / its- :) Z
t I
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15056042148
REV-1500 EX
Decedent's Name:
WHITCOMB, LUTHER M
RECAPITULATION
1. Real Estate (Schedule A).......................................................................................... 1.
2. Stocks and Bonds (Schedule B)............................................................................... 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C).......... 3.
4. Mortgages & Notes Receivable (Schedule D).......................................................... 4.
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E)................ 5.
6. Jointly Owned Property (Schedule F) 0 Separate Billing Requested............. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) 0 Separate Billing Requested............. 7.
8. Total Gross Assets (total Lines 1-7)....................................................................... 8.
9. Funeral Expenses & Administrative Costs (Schedule H)......................................... 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)................................ 10.
11. Total Deductions (total Lines 9 & 10)...................................................................... 11.
12. Net Value of Estate (Line 8 minus Line 11)............................................................. 12.
13. Charitable and Governmental Bequests/See 9113 Trusts for which
an election to tax has not been made (Schedule J)................................................. 13.
14. Net Value Subject to Tax (Line 12 minus Line 13)................................................. 14.
TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, of
transfers under Sec. 9116
(a)(1.2) X .00
16. Amount of Line 14 taxable
at lineal rate X .045
17. Amount of Line 14 taxable
at sibling rate X .12
18 Amount of Line 14 taxable
at collateral rate X .15
15.
1,378,462.93
16.
17.
18.
19. Tax Due........
................................................................................................ 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Side 2
L
15056042148
Decedent's Social Security Number
182363213
269,000.00
1,049,083.31
75,330.96
21,100.00
1,414,514.27
34,050.21
2,001.13
36,051.34
1,378,462.93
1,378,462.93
62,030.83
62,030.83
D
15056042148
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REV-1500 EX Page 3
Decedent's Complete Address:
DECEDEI\JT'S NAME
Whitcomb, Luther M
STREET ADDRESS
Thornwald Nursing Home
File Number 21 - 07 - 00900
442 Walnut Bottom Road
CITY
STATE
ZIP
Carlisle
PA
17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1)
62,030.83
52,250.00
2,750.00
3. InteresVPenalty if applicable
D. Interest
E. Penalty
Total Credits (A + B + C)
(2)
55,000.00
TotallnteresVPenalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3) 0.00
(4)
(5) 7,030.83
(5A)
(5B) 7,030.83
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred;........................................................................ x
b. retain the right to designate who shall use the property transferred or its income;.......................... x
c. retain a reversionary interest; or............................................................................................... ................... x
d. receive the promise for life of either payments, benefits or care?............................................................. x
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?................ ............................. ..................... ................. ................................... x
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... x
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation?............... ............................. ..................... ................... ............... .................. x
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
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. S9116 (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. S9116 (a) (1.1) (Ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements
for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a
natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. S9116 (a) (1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent,
except as noted in 72 P.S. S9116 1.2) [72 P.S. S9116 (a) (1 )J.
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. S9116 (a) (1.3)]. A
sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
'.
SCHEDULE A
REAL ESTATE
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF Whitcomb, Luther M
FILE NUMBER
21 - 07 - 00900
All real 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 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
1
DESCRIPTION
VALUE AT DATE OF
DEATH
269,000.00
House and lot at 616 Mooreland Avenue, Borough of Carlisle, Cumberland County, PA: Prior
Deed reference: Deed Book "U", Vol. 16, Page 65. Cumberland County Tax Parcel
#04-22-0483-003. Valued in accordance with attached appraisal of Susan B. Burkholder.
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C:)
TOTAL (Also enter on Line 1, Recapitulation)
269,000.00
SCHEDULE B
STOCKS & BONDS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF Whitcomb, Luther M
FILE NUMBER
21 - 07 - 00900
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM DESCRIPTION UNIT VALUE VALUE AT DATE OF
NUMBER DEATH
600 shares Boeing Co, CUSIP #097023105000 @104.615 104.615 62,769.00
2 23 shares Citadel Brodcasting Corp, CUSIP #17285T1 060000 @ 4.165 4.165 95.80
3 525 shares Com cast Corp CL A, CUSIP #20030N101000 @ 24.32 24.32 12,768.00
4 414 shares COVIDIEN LTD, CUSIP #G2552X108001 @41.755 41.755 17,286.57
5 300 shares Walt Disney Co, CUSIP #25468710600 @34.385 34.385 10,315.50
6 570 shares DOVER CORP, CUSIP #260003108000 @50.875 50.875 28,998.75
7 914 shares GLAXOSMITHKLlNE PLC SP ADR, @ 53.33, (48,743.62), plus 53.33 49,195.79
x-dividend 452.17,
CUSIP #37733W205001
8 15 shares IDEARC INC, CUSIP #451663108000 @31.185 31.185 467.78
9 2,979.34 shares LEGG MASON SPL INVESTMENT CUSIP #524904109000 40.44 120,484.51
@40.44
10 6,008.97 shares ROYCE PENNSYLVANIA MUTUAL FD, CUSIP 11.51 69,163.24
#7809000005816000 @11.51
11 414 shares TYCO Electronics LTD, CUSIP #G9144P105001 @34.785 34.785 14,400.99
12 414 shares TYCO Inti LTD, CUSIP #G9143X208001 @44.60 44.60 18,464.40
13 306 shares Verizon Communication, CUSIP #92343V104000 @44.405 44.405 13,587.93
14 250 shares Waste Mgmt Inc DEL, CUSIP #941 06L 109000 @38.34 38.34 9.585.00
TOTAL (Also enter on line 2, Recapitulation)
1,049,083.31
*~
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'+,~ ,~." , .,'
SCHEDULE B
STOCKS & BONDS
continued
COMMONWEAL TH OF PENNSYL'I ANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF Whitcomb, Luther M
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
15 65,000 ACACIA Federal Savings Bk-VA @ .99074 (64,398.10) plus accrued
interest 373.97
CUSIP #003874NWOOBO
16 50,000 Mercantile Bank-FL @ .9905 (49,525.00) plus accrued interest
570.55
CUSIP #58740WFF4080
17 40,000 CIT Bank-UT @ .99378 (39,751.20) plus accrued interest 102.03
18 50,000 Discover Bank-DE @ .99546(49,773.00) plus accrued interest 126.99
19 70,000 Lehman Brothers Bank, FSB-DE @ .9829 (68,803.00) plus accrued
interest 202.52
20 30,000 Lehman Brothers, @ .99604 FSB-DE (29,881.20) plus accrued
interest 14.79
21 65,000 National Bank S.C C/D @ .98492 (64,019.80) plus accrued interest
269.26.
22 50,000 ROYAL Amern Bk Inverness I@ .9817 (49,085.00) plus accrued
interest 131.51
23 50,000 East Corolina Bank Engelhard @ .99135 (49,567.50) plus accrued
interest 26.30
24 17305.131 shares Ameriprise Financial @ 7.560
25 119.416 shares PA Tax Exempt Income Fund @9.00CUSIP#746852102
26 20,000 shares State Pub Sch Bldg Auth PA @$90.556 CUSIP #85732PBP4
FILE NUMBER
21 - 07 - 00900
UNIT VALUE VALUE AT DATE OF
DEATH
64,772.07
50,095.55
39,853.23
49,899.99
69,005.52
29,895.99
64,289.06
49,216.51
49,593.80
7.560
130,826.79
9.00
1,074.74
90.556
18,111 .20
Page 2 of Schedule B
SCHEDULE B
STOCKS & BONDS
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX r:~ETURN
RESIDENT DECEDENT
ESTATE OF Whitcomb, Luther M
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
27
DESCRIPTION
5,000 shares PA State Higher Edl Fac @ $97.312 CUSIP #70917REY7
FILE NUMBER
21 - 07 - 00900
UNIT VALUE VALUE AT DATE OF
DEATH
97.312 4,865.60
Page 3 of Schedule B
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SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF Whitcomb, Luther M
FILE NUMBER
21 - 07 - 00900
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of
survivorship must be disclosed on schedule F.
ITEM
NUMBER
DESCRIPTION
Contents of safe deposit box, valued in accordance with appraisal of Allysa Loney attached.
2
Cash on hand, household goods, furniture and furnishings, and personal effects of monetary
value, valued in accordance with attached appraisal of Allysa Loney.
VALUE AT DATE OF
DEATH
516.00
1,375.00
2,330.00
11,197.88
56,463.14
1,012.41
106.00
1,300.00
443.53
108.00
479.00
75,330.96
3
1995 Buick LeSabre automobile, valued in accordance with attached Kelley Blue Book private
sale valuation.
4
M & T Bank checking account #90068548
Principal 11 ,197.64
Accrued interest .24
5
Smith Barney Bank Deposit Program Account #123992711000
Principal 56,343.62
Accrued interest 119.52
6
Edward Jones Money Market account #377-02944-1-05
7
Penn National Insurance, refund of auto insurance.
8
Genworth Financial, nursing care reimbursement
9
Cumberland County, final retirement
10
Peerless Insurance Company, refund of personal property insurance
11
Peerless Insurance Company, refund of homeowner's insurance policy
TOTAL (Also enter on Line 5, Recapitulation)
,.;
COMMONWEA'_TH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
ESTATE OF Whitcomb, Luther M
FILE NUMBER
21 - 07 - 00900
This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes.
ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF EXCLUSION
NUMBER Include the name of the transferee, their relationship to decedent VALUE OF ASSET DECO'S TAXABLE VALUE
and the date of transfer. Attach a copy of the deed for real estate. INTEREST (IF APPLICABLE)
Mary Luise Freeman, 24,000.00 100000% 3,000.00 21,000.00
daughter, 12 $2,000 checks dated 10/06/06, 11/06/06,
12/20/06, 12/28/06, 02/03/07, 03/02/07, 04/02/07,
05/14/07, OS/28/07, 07/02/07, 07/29/07, 09/17/07
2 Thomas L. Whitcomb, II, grandson 3,100.00 1 00000% 3,000.00 100.00
checks for $2,600 dated 07/10/07 and $500 dated
1 2/06/06
TOTAL (Also enter on line 7, Recapitulation)
21,100.00
SchedlJe H
FureraI Expenses &
Adminislralive Costs continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF Whitcomb, Luther M
2
Register of Wills, Short Certificates (32 + 20 + 12)
3
Commonwealth of Pennsylvania, auto title
FILE NUMBER
21 - 07 - 00900
64.00
169.50
27.50
420.00
300.00
47.00
75.00
158.62
13.00
30.00
50.00
88.00
29.50
180.00
500.00
4
AAA, transfer auto title
5
IBIS Appraisal Services (personal property appraisals (60 + 360)
6
Diversified Appraisals, real estate appraisal
7
Postmaster, certified mail (30 + 7 + 10)
8
Cumberland Law Journal, advertising
9
The Sentinel, advertising
10
Graham Buick, keys to Buick
11
Register of Wills, fililng Inheritance Tax and Inventory
12
Bonnie Coyle, notary fees
13
Thomas L. Whitcomb, reimburse long distance calls, supplies and mileage.
14
Recorder of Deeds, recording Deed of distribution
15
Schrock Tree Service, remove fallen tree
16
Reserve for Accounting
Page 2 of Schedule H
SCHEDULE I
DEBTS OF DECEDENT, MORTGAGE
LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF Whitcomb, Luther M
FILE NUMBER
21 - 07 - 00900
Include unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION
AMOUNT
Check written before death, clearing after death.
#937 Sunnyside Restaurant
395.46
2 Thomas L. Whitcomb, reimbursement of expenses incurred as Power of Attorney, auto rental to
return home due to decedent's illness.
302.30
3 FIA Card Services, balance due on credit card.
177.01
4 Penn National, auto insurance premium.
222.00
5 Penrose Cleaners, dry cleaning.
138.30
6 Embarq, phone bill
47.69
7 West Shore EMS, ambulance
44.30
8 Allianz, refund of retirement payment posted on 9/17/07.
674.07
TOTAL (Also enter on Line 10, Recapitulation)
2,001.13
REV-1513 EX+ (9-00)
.
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SCHEDULE J
BENEFICIARIES
COMMO,"ojWEAL TH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
I.
NAME AND ADDRESS OF PERSON(S)
RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal
Clistributions, and transfers
under Sec. 9116 (a) (1.2)]
Mary Luise Freeman\
901 North Main Street
Byers, TX 76357
RELATIONSHIP TO
DECEDENT
Do Not List Trustee(s)
FILE NUMBER
21 - 07 - 00900
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
Whitcomb, Luther M
NUMBER
Daughter
Value of real estate
plus 1/2 estate
2
Thomas L. Whitcomb
616 Mooreland Avenue
Carlisle, PA 17013
Son
Real estate in kind
plus 1/2 estate
Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet
II.
NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS
NOT BEING MADE
B CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
0.00
I Paoe #11
APPRAISAL OF REAL PROPERTY
LOCATED AT:
616 Mooreland Avenue
Deed Book 16U Page 65
Carlisle, PA 17013
FOR:
Luther Whitcomb Estate
616 Mooreland Avenue, Carlisle, PA 17013
AS OF:
September 26, 2007
BY:
Susan B. Burkholder
State Certified Residential Appraiser
This appraisal was completed to establish value for Estate Tax
Summary Format
Fonn GA1- "TOTAL for Windows" appraisal software by a lamode, inc. -1-800-ALAMOOE
Diversmed Appraisal Services
I Palla #21
. _ ______~____J!"!i!~!"f11 ~~~!'!i~~AI?Jl~aisaIReport FIle I 110io7W
._ The JlI1IllQSe of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the sUbject property
~~rty Address 61\:) Mooreland Avenue
Borrower n.8.
l,.eg31J!~~~!i{ltio!1 Deed Book 16U Paae 65
Assessor's Parcel # 04-22-0483-003 TaxYear 2007-2007
::I Neighborhood Name n.a. Map Reference 22-483
nlOccupant IZJ Owner [J Tenant r 1 Vacant Soecial Assessments $ n.a. r 1 PUD
~ Property Rights Appraised [;'8;J Fee Simole 0 leasehold r 1 Other (describe)
'II ~s~ig!l_lT1e.'1!I~p.L.O Purchase Transaction 0 Refinance Transaction . IZI Other (describe) . Estate settlement .
lender/Client Luther Whitcomb Estate Address 616 Mooreland Avenue Carlisle PA 17013
lS-tt;e~subTect-p.ropertY currently offered for sale or has it been offered for sale in the twelve months orior to the effective date of this appraisal?
~~.Q!L~~~.Q~i~~~~, off~~ce(s), and daters). The home was not listed in the Central Penn MLS in the oast vear.
City Carlisle
Owner of Public Record Estate of Luther Whitcomb
State PA ZioGode 17013
County Cumberland
R.E. Taxes $ 3466.81
Census Tract 0124.00
HOA $ Doer year 0 per month
DYes [;'8;J No
I 0 did 0 did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not
pertormed. n.a.
::1-.- -----~---- ..--- .--- -- ..----- .~---- - -
q .
;: C.Qfl!ra.<:t..p~c~t [\.~'_ Date of Contract n.a. Is the property seller the owner of publiC record? 'hes Tr No Data Source(s) n.a.
:::-fs1here-ai\Y fina,lci~ assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? 0 Yes 0 No
:~ If Yes, report the total dollar amount and describe the items to be oaid, n,a.
- Note: Race and the racial composition of the neighborhood are not appraisal factors.
_NQl{lh~,~~I.ti~" ~lJl1ltaQij$ltig\T~. .()tIi,Utilt,H.QtJ.'6d'<.~litt.at\d'U"'"
location [J Urban ~ Suburban 0 Rural Prooertv Values r.xIlncreasina 11 Stable r l Declinino PRICE AGE One-Unit 95 %
. Built-Up 0 Over 75% 0 25-75% 0 Under 25% Demand/Supply 0 Shortaae [;'8;J In Balance r lOver Sunolv $ lOOm 1m) 2-4 Unit %
: Growth [J Raoid (gJ Stable [J Slow Marketina Time r l Under 3 mths r.xI 3-6 mths 0 Over 6 mths 150 low 15 Multi-Familv %
. Neighborhood Boundaries The subiect neiahborhood is bordered bv Colleae Street Walnut Bottom Road 600 Hiah 250 Commercial 5 %
: Belvedere Street and South Street. 250 Pred. 50 Other %
NeiQhborhood Description Established residential area with stable ownershio oattems within reasonable commutina distance to schools, olaces of
worshio. shooolna and transoortation.
Market Conditions Oncludina support for the above conClusions) Marketina conditions are averaae with orooerties sellina within three months.
Conventional and insured financina is readily available to aualified buvers at reasonable rates and terms.
Dimensions Irreaular Area .47 acre Shaoe Irreaular View Averaae
SpecifIC Zoning Classi1ication Low Density Residential Zonina Descriotion Exlstina use is oermitted
Zoning Compliance (gJ leaal 0 leaal Nonconforming IGrandfathered Use) 0 No Zoning r lllleoal (describe)
Is the highest and best use of subiect prooertv as improved (or as proposed oer clans and soecifications) the oresent use? r.xI Yes r 1 No If No, describe
Utilities Public Other (describe) Public Other (describe) Off-site Imorovements - Tvoe
Electricitv 0 [ ] Water IX1 r 1 Street Macadam
Gas r J [ J SanitarY Sewer IX1 r 1 Allev None
FEMA Special Rood Hazard Area 0 Yes IZJ No FEMA Rood Zone C FEMA Map # 425382 0004 B
Are the utilities and off-site improvements typical for the market area? IXI Yes n No If No, describe
Are there anv adverse site conditions or extemal factors leasements, encroachments, environmental conditions, land uses, etc.\?
Public Private
IXI 0
r 1 rl
FEMA Mac Date 2-3-82
DYes IXI No If Yes, describe
UnitslZJ One [J One with Accessorv Unit Concrete S~I Soace Foundation Walls Cone block/Ava Floors H~
# of Stories 1 X Full Basement r 1 Partial Basement Exterior Walls StoneNinvllAva Walls Drvwall/Plaster/Ava
Type IX1 Det r 1 Att r ] S-DetlEnd Unit Basement Area 2 015 sO.ft Roof Surface Shinales/Ava Trim/Finish Wood/Ava
[;'8;J Existina r 1 Proposed 0 Under Const Basement Finish 30 % Gutters & Downsoouts Alum/Ava Bath Floor Tile/Ava
Design ISMe) Ranch 0 Outside EntrvlExit 0 Sump Pump Window Tvoe Dbl-huna/Ava Bath Wainscot Drvwall/Ava
Year Built 1952 Evidence of r 1 Infestation Storm Sash/lnsulated Insulated/Storm sash Car Storage L J None
Effective Age (Yrs) 15 years 1 Dampness [l Settlement Screens Yes/Ava i5<f Drivewav # of Cars 2
Attic [J None Heating r FWA IIZJ HWBB III Radiant Amenities Woodstove(s) # Drivewav Surtace Macadam
o Drop Stair 0 Stairs l Other I Fuel Oil IIXI Rreplace(s) # 1 Fence 'XI Garaoe # of Cars 2
] Roor 0 Scuttle Cooling IZI Central Air Conditioning 0 PatiolDeck Patio IX Porch Concrete 0 Camort # of Cars
] Finished r 1 Heated llndividual Ir l Other 0 Pool Other 'XI Att. r l Det. 0 Built-in
- Appliances 1Xl Refrigerator I2<J Range/Oven 0 Dishwasher IX1 Disposal 0 Microwave 0 WasherlDryer r l Other (describe)
. Finished area above grade contains: 7 Rooms 3 Bedrooms 2 Bath{s) 2.015 Souare Feet of Gross Livina Area Above Grade
; Additional features (soecial enerav efficient items, etc.). Two oorches oatio screened Dorch and a fireolace.
. Describe the condition of the propertY (includina needed reoairs, deterioration, renovations, remodelino, etc. I.
aood condition. The kitchen was remodeled and several new windows were installed.
AIl imorovements are considered to be in averaae to
Are there any physical deficiencies or adverse conditions that affect the Iivabilitv, soundness, or structural intearitv of the nrooertv?
T Yes 1XI No If Yes, describe
Does the propertv generally conform to the neighborhood lfunctional utilitv, sMe, condition, use, construction, etc.)?
fXI Yes r 1 No If No, describe
reddie Mac Form 70 March 2005
Page 1 of 6
Fannie Mae Form 1004 March 2005
Form 1004- "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE
I Paae #31
U of
R od f I A
IR
rt
m arm eSI enla ~ppralsa epa FileH 110707W
~------ -- --.. - --- --
There are 0 comoarable orooerties currently offered for sa/e in the subject neighborhood ranging in price from $ 275,000 to $ 325.000
There are 4 cJ/TJparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ 240.000 to$ 303 000
FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 616 Mooreland Avenue 250 Glendale Street 1100 Walnut Street 505 Belvedere Street
Carlisl~ PA 17013 Carlisle Carlisle Carlisle
PmE-l11ity to Subject i , " 0.53 miles 0.68 miles 0.31 miles
Sa/e Price $ n.a. ' '"..1$ 240 000 .,."....,.. ....,.......,........"..\.:1$ 265 000 Ie?,'?:. \/.]$ 303.000
Sale Price/Gross Liv. Area $ sO.ft $ 137.77 SQ.ft.! . $ 140.58 sa.ft. ,.<i, $ 138.23 SQ.ft.! ",",' .,..,.i ."
~ata Source{~ ' '. Courthouse/MLS Courthouse Courthouse
Verification Sourcefsj i. MLS MLS MLS
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + (-) $ Adjustment DESCRIPTION +(-) $ Adiustment DESCRIPTION +1-) $ Adiustment
Sales or Rnancing }i.} .None known None known None known
Concessions .'.i./ .,( Conventional Conventional Conventional
Date of Salemme ".",:> ',\i' 6-15-07 5-3-07 12-14-06
location Averaoe Similar Similar Similar
- l~,!s~llI(llFee Sim~le Fee Simple Fee Simple Fee Simple Fee Simple
= Site .47 acre .41 acre 1 acre -10,600 .46 acre
- View Averaae Similar Similar Similar
!!!! OesiOn (SMe) Ranch Ranch Ranch Ranch
. Qualitv of Construction StoneNinvl Brick/Alum Stone/Alum Brick -10000
Actual Aoe 55 years 54 years 48 vears 47 years
Condition Avo to oood Inferior +10000 Similar Similar
Above Grade Total Bdrms.1 Baths Total I Bdrms.1 Baths Total ISdrms.1 Baths Total I Bdrms.I Baths
Room Count 7 3 I 2 6 I 3 11.5 +3 000 6 I 3 12.5 +1 000 7 I 3 I 2
Gross Living Area 2 015 SO.ft 1 742 SO.ft +10900 1.885 SQ.ft. +5 200 2 192 sQ.ft. -7100
Basement & Finished 2,015 Sq.Ft. Full bsmt Full bsmt Full bsmt
Rooms Below Grade 30% finished None +3 000 None +3 000 None +3 000
Functional Utilitv Averaae Similar Similar Similar
. Heatina/Coolina Hot wtr Oil. CA Fha Oil CA Ht wtr Gas CA Ht wtr Gas CA
~ Enerav Efficient Items None None None None
: Garaae/Caroort 2-car oaraae 2-car oaraae 2-car oaraoe None +10000
. Porch/Patio/Deck Porch. patio Prch oatloshd -1 000 Porch. patio Prch enc Prh -3 000
. Scmd orch. frol Encloorch Frol -2 000 None +5 000 2 froles shed +2.000
.
.
.
. Net Adiustment (fotal) >i [:gJ+ il- $ 23 900 [g]+ fl- $ 3,600 0+ [g]- $ 5100
Adjusted Sale Price Net Adj. 10.0 % Net Adj. 1.4 % Net Adj. 1.7%
of Comparables ., . .' Gross Adi. 12.5 % $ 263 900 Gross Adi. 9.4% $ 268 600 Gross Adi. 11.6 % $ 297.900
. I [Xl did il did not research the sale or transfer history of the subiect property and comparable sales. If not, explain
: MY research r l did i:8J did not reveal anv prior sales or transfers of the subiect property for the three years prior to the effective date of this appraisal.
Data Source(s Assessment records
Mv research l did [Xl did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale.
Data Source(s Assessment records
Report the results of the research and analvsis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).
ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3
Date of Prior SalefT ransfer 10-19-55 1-17-84 No orior sale in the past 7-6-05
Price of Prior SalefTransfer $1.00 1.00 year $279 000
Data Source(s Courthouse Courthouse Courthouse Courthouse
Effective Date of Data Source(s) 11-07 11-07 11-07 11-07
AnalySis of prior sale or transfer history of the subiect property and comparable sales No sale has tak.en olace in the past three years for the subiect orooertv
or the comoarables in the oast Year.
Summary of Sales Comoarison Aooroach A $2 000 per room adiustment was made for the total number of rooms $2,000 per bath and $1 000 oer half
bath.
Indicated Value by Sales Comparison Approach $ 269 000
Indicated Value by: Sales Comparison Approach $ 269 000 Cost Approach (If developed) $ n.a. Income Approach Of developed) $ n.a.
The Sales Comoarison aooroach beina considered the most accurate in arrivino at my final opinion of value. The Income aooroach was not
considered since this is an owner occupied sin ale familv dwellino. The Cost approach was considered to be unreliable since this is not new
construction and may be misleadina to the reader.
This appraisal is made [8J" as is", o SUbject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been
completed, 0 subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or 0 subject to the
followina reauired insoection based on the extraordinarv assumPtion that the condition or deficiency does not require alteration or repair: Appraised in current condition.
Based on a complete visual InsP..8Cllon of the interIor and exterior areas of the sub~ect ~':t1e defined scope of wor\ statement of assumptions and limiting
conditions, and appraiser's certification, my (our) opinion of the market value, as efined, of real property that Is e subJect of this report is
$ 269 000 . asot September 26 2007 which is the date of Inspection and the effective date of this appraisal.
~ddie Mac Form 70 March 2005
Page 2 of 6
Fannie Mae Form 1004 March 2005
Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE
I Paae #41
Uniform Residential Al!Qraisal Re~ort
Ale # 110707W
See addendum.
2!
,;l!
.~
.~
.
.1
~
......
::! ~---~'_._--- -
iii -
",.:.w
.11
............ .... ..... ....... ........,y.,:>/......icXX/...,
Provide adeauate information for the lender/client to reolicate the below cost figures and calculations.
Suoport for the opinion of site value (summarv of comoarable land sales or other methods for estimatina site value)
~,. ......-.
.. '. -. , '.
.
OPINION OF SITE VALUE ...................................................__.............. =$
DWELLING &l.Ft @ $ ......__..... =$
Sa.Ft @ $ __._'''''_,,_ =$
..".....--.. =$
.."......... =$
....."...... =$
Garaoe/Carnort
Total Estimate of Cost-New
Less Phvsical I Functional
Depreciation I
Depreciated Cost of Imorovements
"As-is" Value of Site lmorovements
Sa.Ft. @ $
ESTIMATED r 1 REPRODUCTION OR r 1 REPLACEMENT COST NEW
~ Source of cost data
: Quality rating from cost service Effective date of cost data
: Comments on Cost Aporoach (gross Iivina area calculations, depreciation, etc.)
I Extemal
I =$(
"...............--.....--...-......--...".....-- -$
--..--....--.."..................--........."... =$
Estimated Remainino Economic Life (HUD and VA only)
,'. .":'.i', ,i., ,..'.. ..."f'y'.... "
. Estimated Monthlv Market Rent $ X Gross Rent Multiolier
_ Summary of Income APoroachOncluding support for market rent and GRM)
". ,""x' .,...... ........' .........,,"..' ........C/...:;,.,.U ~ ~ ...'......,. ,"i-ZF"x/........'
Is the developer/builder in control of the Homeowners' Association /HOAl? r 1 Yes r 1 No Unit tvpels) nDetached r 1 Attached
Provide the followina information for PUDs ONLY if the develooer/builder is in control of the HOA and the subiect orooertv is an attached dwellina unit
Legal Name of Proiect
; T ota! number of phases Total number of units Total number of units sold
Total number of units rented Total number of units for sale Data source{s)
Was the oroiect created bv the conversion of existin~ buildina{s) into a PUD? r 1 Yes 1 No ~ Yes, date of conversion.
I Does the oroiect contain any multi-dwellina units? r 1 Yes r l. No Data Source
Are the units, common elements, and recreation facilities comolete? r 1 Yes [J No ~ No, describe the stabJs of completion.
Years INDICATED VALUE BY COST APPROACH .................____..."...............__ =$ ~ .,
...",...",:,...,;.(;,..,.,.... ",' i,'__
= $ Indicated Value by Income APproach
Are the common elements leased to or bv the Homeowners' Association? r 1 Ves r 1 No ~ Yes, describe the rental terms and options.
Descrtbe common elements and recreational facilities.
reddie Mac Form 70 March 2005
Page 3 of 6
Fannie Mae Form 1004 March 2005
Form 1004 -"TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE
I Pa!le #51
Uniform Residential Appraisal Re ort
File # 11 Q707W
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 subject to the following scope of work, intended use, intended user, definition of market value,
statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended
use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may
expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal
assignment. Modifications or deletions to the certifications are also not 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 of 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 from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,
and (5) report his or her analysis, opinions, and conclusions in this appraisal report.
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the
subject of this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the lender/client.
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 or she considers his or her own best interest; (3) a
reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms
of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold
unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale.
*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are
necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are
readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing
adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional
lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical
dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's
reaction to the financing or concessions based on the appraiser's judgment.
STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is
subject to the following assumptions and limiting 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, except for information that he or she became aware of during the research involved in performing this appraisal. The
appraiser assumes that the title is good and marketable and will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements.
The sketch is included only to assist the reader in viSUalizing the property and understanding the appraiser's determination
of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency
(or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an
identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or
implied, regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or
she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal
report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the
property (such as, but not limited to. needed repairs. deterioration, the presence of hazardous wastes, toxic substances,
adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such
conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist.
Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as
an environmental assessment of the property.
6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory
completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will
be performed in a professional manner.
lddie Mac Form 70 March 2005
Page 4 of 6
Fannie Mae Form 1 004 March 2005
Form 1004 -''TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE
I Paae #61
Uniform Residential A raisal Re ort
File fi 11070m
APPRAISER'S ~ERTIFICATION: The Appraiser certifies and agrees that:
1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in
this appraisal report.
2. I pe~ormed a complete visual ins~~ction of the. inte~i?r and exterior areas of th~ subject property. I reported the condition
of the Improvements In factual, speCifiC terms. I Identified and reported the phYSical deficiencies that could affect the
livability, soundness, or structural integrity of the property.
3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal
Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in
place at the time this appraisal report was prepared.
4. I de.veloped my opinion of the market value of the real property that is the subject of this report based on the sales
comp~nson approach. to value. I have ad~quate compa~able market data to develop a reliable sales comparison approach
for thiS appraIsal assignment. I further certify that I conSIdered the cost and income approaches to value but did not develop
them, unless otherwise indicated in this report.
5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for
sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject
property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
6. ( researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior
to the date of sale of the comparable sale, unless otherwise indicated in this report.
7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
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 market's reaction to the differences between the subject
property and the comparable sales.
10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11. I have knowledge and experience in appraising this type of property in this market area.
12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
services, tax assessment records, publiC land records and other such data sources for the area in which the property is located.
13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
reliable sources that I believe to be true and correct.
14. I have taken into consideration the factors that have an impact on value with respect to the SUbject neighborhood, subject
property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I
have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the
subject property or that I became aware of during the research involved in performing this appraisal. I have considered these
adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and
marketability of the SUbject property.
15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
statements and information in this appraisal report are true and correct.
16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which
are SUbject only to the assumptions and limiting conditions in this appraisal report.
17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or
prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or
completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital
status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the
present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not
conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a
predetermined speCific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of
any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending
mortgage loan application).
19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I
relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal
or the preparation of this appraisal report, I have named such individual(s) and disclosed the specifiC tasks performed in this
appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make
a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no
responsibility for it.
20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that
ordered and will receive this appraisal report.
!ddie Mac Form 70 March 2005
Page 5 of 6
Fannie Mae Form 1004 March 2005
Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-S00-ALAMODE
I Page #71
Uniform Residential Appraisal Report
Ale# 110i07W
21. The lender/ciient may disclose or distribute this appraisal report to: the borrower; another lender at the request of the
borrower; the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to
obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal
report may be disclosed or distributed to any other party (including, but not limited to, the pUblic through advertising, public
relations, news, sales, or other media).
22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain
laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice
that pertain to disclosure or distribution by me.
23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage
insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
of any mortgage finance transaction that involves anyone or more of these parties.
24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or
criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States
Code, Section 1001, et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:
1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
analysis, opinions, statements, conclusions, and the appraiser's certification.
2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions,
statements, conclusions, and the appraiser's certification.
3. The appraiser identified in this appraisal report is either a sub-contractor or an employee at the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal
report was prepared.
5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or repr~sentation of my si~nature, the ~~praisal re~o.rt shall be as effec~ive, enforceable and
valid as if a paper version of this appraisal report were delivered containing my anginal hand written signature.
APPRAISER
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature ~AifrJf
Name Susan . Burl<hol
Company Name Diversified Appraisal Services
Company Address 35 E. High Street Suite 101, Carlisle, PA
17013
Telephone Number 717-249-2758
Email Addresssue.burl<holder@gmail.com
Date of Signature and Report November 7,2007
Effective Date of Appraisal September 26, 2007
State Certification # RL-000659-L
or State License #
or Other (describe) State #
State PA
Expiration Date of Certification or License June 30, 2009
Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State license #
State
Expiration Date of Certification or license
SUBJECT PROPERTY
I\DDRESS OF PROPERTY APPRAISED
616 Mooreland Avenue
Carlisle, PA 17013
!!'PPRAISED VALUE OF SUBJECT PROPERTY $ 269,000
_ENDER/CLIENT
~ame
~ompany Name Estate of Luther Whitcomb
~ompany Address 616 Mooreland Avenue, Carlisle, PA 17013
o Did not inspect subject property
o Did inspect exterior of subject property from street
Date of Inspection
o Did inspect interior and exterior of subject property
Date of Inspection
COMPARABLE SALES
:mail Address
o Did not inspect exterior of comparable sales from street
o Did inspect exterior of comparable sales from street
Date of Inspection
~ddie Mac Form 70 March 2005
Page 6 of 6
Fannie Mae Form 1004 March 2005
Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-BOO-ALAMODE
I Page #81
moon eSI enla ppralsa epo File # 110707W
__
FEATURE SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE #6
Address 616 Mooreland Avenue 623 Glendale street
C~r1isle PA 17013 Carlisle
Pr~J11!t}'!~JiJJblect 0.40 miles
Sale Price $ n.a. 1$ 276 000 $ 1$
S~e Price/Gross Uv. Area $ sO.ft $ 167.88 so.ftl $ sO.ft. S so.ft.1
Data Source/s) Courthouse
Verification Sou~s) .. MLS/Files
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adiustment DESCRIPTION + (.)-$ Adiustment DESCRIPTION + (-) $ Adiustment
- - ------
Sales or Rnancing Closing cost -4,000
Concessions .. Conventional
Q~eof Salemme 10-27-06
ill Location Averaae Similar
-~t Leasehold/Fee Simple Fee Simote Fee Simole
-.
-.';;iSlte .47 acre .34 acre +1 300
}; View Averaae Similar
~ Design (Style) Ranch Ranch
;3 Quality of Construction StoneNinvl Brick -10,000
~ Actual Aae 55 years 44 years
. Condition Ava to aood Suoerior -10000
· Above Grade Total TBdrms.1 Baths T otall Bdnns.1 Baths Total I Bdnns. Baths Total Bdnns.1 Baths
Room Count 7 I 3 I 2 6 I 3 I 2 +2000 I 1
. Gross Livino Area 2015 sO.ft. 1 644 sO.ft. +14800 sO.ft. sO.ft.
Basement & Rnished 2,015 Sq.Ft. Full bsmt
Rooms Below Grade 30% finished w/shower +2 000
Functional Utility Averaae Similar
Heatinw'Cooling Hot wtr Oil CA Fha Oil CA
Energy Efficient Items None None
Garage/Carport 2-car aaraae 1-car aaraae +5 000
PorchlPatio/Oeck Porch oatio Porch,oatio
Scmd orch. frot Fireolace +5 000
Net Adjustment (Total) fXI+ O- S 6100 11 + 0- $ T + 0- $
Adjusted Sale Price Net 2.2 % Net % Net %
of Comparables Gross 19.6 % $ 282.100 Gross % $ Gross % $
Report the results of the research and analysis of the Drior sale or transfer history of the subject property and comparable sales (reDort additional Drior sales on Dage 3 .
ITEM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE /I 6
Date of Prior Saleff ransfer 10-19-55 1-30-06
Price of Prior Saleff ransfer $1.00 185,000
~ Data Source(s) Courthouse Courthouse
Effective Date of Data Source(s) 11-07 11-07
Analvsis of prior sale or transfer historY of the subiect OfOOe!tv- and comoarable sales
.
Analvsis/Comments
~
[
.
-
U Of
R Od f I A
IR
rt
reddie Mac Form 70 March 2005
Fannie Mae Form 1004 March 2005
Fonn 1004. (AC) - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE
I Pane #91
Borrower/Client n.a.
ProDertv Address 616 Mooreland Avenue
Citv Carlisle County Cumberland State PA ZipCode 17013
lender Luther Whitcomb Estate
Supplemental Addendum
File No. 11 0707W
Additional Comments
The subject is older than five years old. All mechanical systems including heating, electrical and plumbing systems appear to be
working adequately. No warranties are implied in this statement.
One or more of the comparable sales are older than six months old. Although there are comparable properties in the subject's
area, none have sold recently, therefore, sales in excess of six months old have to be used. All three comparables used were
the best available.
The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of
the property's highest and best use and the consideration of all three approaches to value and the application of those relevant to
the valuation of the subject property.
The predominant value in the neighborhood is less than that of the market value of the subject property. This is due to the very
wide range of values of properties in the area and superior quality of the subject property. This condition does not affect the
market value of the subject or its future marketability.
Privacy Notice
Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial
services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of the client
nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to
provide you with this information.
In the course of performing appraisal, we may collect what is known as "nonpublic personal information" about you. This
information is used to facilitate the services that we provide to you and may include the information provided to us by you
directly or received by us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated
third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our independent
contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in
providing appraisal services to you. All independent contractors and any third party consultants we engage are informed that any
information they see as part of an appraisal is to be maintained in strict confidence within the firm. A disclosure required by law
would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are
party.
We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better
able to assist you with your needs. In order to protect your nonpublic personal information for unauthorized access by third
parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards insure the
security and integrity of your information.
Signature ~".j AJ:.t.Ji
Name Susan B. urkholder
Date Signed November 7, 2007
State Certification # RL-000659-L
Or State License #
State ~
State
Signature
Name
Date Signed
State Certification #
Or State License #
State
State
Diversified Appraisal Services
Form TADD2 - "TOTAL for Windows" appraisal software by a la mode, inc. - 1.800.ALAMODE
I Pace #101
Subject Photos
Borrower/Client Ii.a.
Prooertv Address E:-16 Mooreland Avenue
Citv Carlisle County Cumberland State P A Zin Code 17013
lender Luther Whitcomb Estate
Subject Front
616 Mooreland Avenue
Subject Rear
Subject Street
Fonn PICPIX. TR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE
-
Borrower/Client ri.a.
ProDertv Address e-16 Mooreland Avenue
City Carlisle Countv Cumberland State P A liD Code 17013
Lender Luther Whitcomb Estate
Comparable Photo Page
I Pace #111
Comparable 1
250 Glendale Street
Comparable 2
1100 Walnut Street
Comparable 3
505 Belvedere Street
Fonn PICPIX.BR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-aOO-ALAMODE
I Paae #121
-,
Borrower/Client ,1.8.
Pronertv Address 616 Mooreland Avenue
Cilv Oarlisle COllnlv Cumberland State P A liD Code 17013
Lender Luther Whitcomb Estate
Comparable Photo Page
Comparable 4
623 Glendale Street
Comparable 5
Comparable 6
Fonn PIGPOCBR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE
I Paae #13\
Building Sketch (Page - 1)
Borrower/Client ,'l.a.
Prooertv Address 616 Mooreland Avenue
Citv Oarlisle County Cumberland State PA liD Code 17013
Lender Luther Whitcomb Estate
30.0'
22.0' 10.0' 28.0' 5.0'
WID Bdrm Study
Dining 8th
Scmd
26.0' Garage Porch
40.0'
Living
Bdrm Bdrm
22.0' 10.0'
33.0' 5.0'
25.0'
SKETCH CALCULATIONS
I ..
A1: 30.0x5.0= 150.0
A2 A2: 58.0 x 30.0 = 1740.0
A3: 25.0x 5.0 = 125.0
.- First Floor 2015.0
Total Living Area 2015.0
Form SKT.BldSkl- ''TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE
~
Location Map
TIn Code 17M 3
State P A
IClient ~'\.a.
~~6 Mooreland Avenue
;ar\\sle
Luther WhitComb E.state
Countv cumberland
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The Personal Advisors of 4
Ameriprise ..~
Financial
November 5, 2007
Dale F. Shughart, Jr.
Attorney At Law
I 0 West High Street
Carlisle, P A 17013
Dear Dale:
Thank you for your communication to our office regarding the passing of Luther M.
Whitcomb on September 26,2007. As you requested, the value of the securities in the
RVS Disciplined Equity Fund (account #0010122662397002) as of Dr. Whitcomb's
Date of Death, 09/26/2007, is as follows:
Account Number
010122662397002
Total Value
$130,826.79
# of shares
17305.131
Asset Value Per Share
7.560
I have enclosed an Estate Settlement Form in order to complete the transfer of Dr.
Whitcomb's account to an estate account. The Executors of his Estate, Thomas L.
Whitcomb and Mary Luise Freeman, must each sign on page 2, where indicated, and
on page 8, where indicated.
Also, as the account Dr. Whitcomb held here at Ameriprise was in joint ownership,
we would require a copy of the death certificate for his wife, Mary L. Whitcomb, in
order to transfer this account into estate ownership. Please send this to our office
along with the completed estate settlement form in the enclosed envelope.
If you have any questions, please do not hesitate to contact the office at 717-431-
2996, ext. 14 J.
Thank you, '~
. //~p- ~
--
Scott M. Bechtold, ChFC@, CRPC@, CLU'RJ, CFS
Senior Financial Advisor
Enclosure:
Form #3248 N(07/07)
Bechtold & Associates
A financial advisory practice of
Ameriprise Financial Services, Inc.
30-0 East Roseville Road
Lancaster, PA 17601
Tel: 717.431.2996
Fax: 717.431.2998
Toll Free: 877.791.6268
Scott M. Bechtold, ChFC', CW',
CFS, CRPC'
Senior Financial Advisor
Branch Manager
An Ameriprlse Platinum
Financial Services'" practice
scott.m. bechtold@ampf.com
CA Insurance #0002523
James E. Davis II, CFP', CFS
James W. Keim III, CFS
Gary L Kreider, MBA
Associate Financial Advisors with the
practice of Scott M. Bechtold, ChFC',
CLU', CFS, CRPC'
Financial advisors named above are franchisees of Ameriprise Financial Services, Inc. Ameriprise Financial Services, Inc. offers financial advisory services, investments.
insurance and annuity products. RiverSource'" products are offered by affiliates of Ameriprise Financial Services. Inc.. Member NASD and SIPC.
Edward Jones
21 W High St
Carlisle, PA 17013
717-258-4688
10-31-07
Dale Shughart
Attorney at Law
10 W High St
Carlisle, PA 17013
717-241-4311
RE: Date of Death Values for Luther Whitcomb
Account No. 377-02944-1-5
Dear Dale,
Here are the date of death values for Luther Whitcomb, for September 26, 2007.
119.416 - PA Tax Exempt Income Fund - $9.00 - total value - $1074.74
20,000 - State Pub Sch Bldg Auth PA - $90.556 - total value - $18111.20
5,000 - PA State Higher Edl Fac - $97.312 - total value - $4865.60
total value $ 24051.54
Please let us know if we can be of further assistance.
Sincerely,
Jan Dell'Acqua
APPRAISAL CERTIFICATE
I hereby certify that, upon the request for the appraisal of the personal property of Dr.
Luther Whitcomb (d.o.d. September 26, 2007), Forest Park Nursing Home, Carlisle, P A
17013, I have personally and physically inspected the listed personal property. The
personal property was appraised to determine the FAIR MARKET VALUE, AS OF the
date of death September 26, 2007 and reported on November 20,2007. The date of
inspection was November 15,2007.
The information and values contained in this report are based upon my experience as an
appraiser and other reliable sources. The personal property was found to be in GOOD to
EXCELLENT condition, unless otherwise noted. Values are reported piece-by-piece,
and/or as a whole. All values reported have been determined with consideration to the
condition of the item, market conditions, and salability factors.
C.A.
3
APPRAISAL SUMMARY
It is in my opinion, that, as of the date of death: September 26,2007, the Fair Market
Value of the personal property of Dr. Luther Whitcomb, Forest Park Nursing Home,
Carlisle, P A 17013:
(Five Hundred Sixteen Dollars and Zero Cents)
($516.00)
~bis Appraisal
S ices
,
Al~ssa .
Director
The reoort must be read in its entiretv. The Aooraisal Summarv ONLY is
not the aooraisal reoort.
4
Personal Property Listing
1
2
3
Boy Scout Memorabilia. Three boy scout lapel
pms.
Corresponding Digital Photograph File:
r0327424.jpg
Boy Scout Memorabilia Hidden Valley boy
scout patch.
Corresponding Digital Photograph File:
r0327427.jpg
Boy Scout Memorabilia Silver Beaver boy scout
award.
Corresponding Digital Photograph File:
r0327425. .
4
Jewelry. Miscellaneous selection of lapel pins,
watch fobs, hat pins and cufllinks.
Corresponding Digital Photograph File:
r0327424.jpg
5
Pendant. Re-elect Richard Nixon 1972 pendant.
Corresponding Digital Photograph File:
r0327426.jpg
6
Coins. Two 198925 Yuan gold Chinese coins
with panda bears.
Corresponding Digital Photograph File:
r0327428. .
Total
$30.00
$6.00
$45.00
$30.00
$5.00
$400.00
$516.00
6
APPRAISAL SUMMARY (COPY)
It is in my opinion, that, as ofthe date of death: September 26,2007, the Fair Market
Value of the personal property of Dr. Luther Whitcomb, Forest Park Nursing Home,
Carlisle, PA 17013:
(Five Hundred Sixteen Dollars and Zero Cents)
($516.00)
Ibis Appraisal
.
V1CeS
The report must be read in its entiretv. The Appraisal Summarv ONLY is
not the appraisal report.
7
APPRAISAL CERTIFICATE
I hereby certify that, upon the request for the appraisal of the personal property of Dr.
Luther Whitcomb (d.o.d. September 26,2007), Forest Park Nursing Home, Carlisle,
Pennsylvania 17013, I have personally and physically inspected the listed personal
property. The personal property was appraised to determine the FAIR MARKET
VALUE, AS OF date of death September 26, 2007 and reported on November 4, 2007.
The date of inspection was October 22,2007.
The information and values contained in this report are based upon my experience as an
appraiser and other reliable sources. The personal property was found to be in GOOD to
EXCELLENT condition, unless otherwise noted. Values are reported piece-by-piece,
and/or as a whole. All values reported have been determined with consideration to the
condition of the item, market conditions, and salability factors.
3
APPRAISAL SUMMARY
It is in my opinion, that, as of the date of death: September 26, 2007, the Fair Market
Value of the personal property of Dr. Luther Whitcomb, Forest Park Nursing Home
Carlisle, Pennsylvania 17013:
(One Thousand Three Hundred Seventy Five Dollars and Zero Cents)
($1,375.00)
The reoort must be read in its entiretv. The Aooraisal Summarv ONLY is
not the aooraisal reoort
4
Personal Property Listing
1
Books. Informational vintage clock books.
Location: Living Room.
Corresponding Digital Photograph File:
r0326176jpg
$25.00
2 Coin. 1879 fifty cent piece. $2.00
Location: Gara e.
3 Coins. Roll of steel pennies. $15.00
Location: Gara e.
4 Coins. George Carver and Booker T. $5.00
Washington coins.
Location: Gara e.
5 Coins. Miscellaneous coins. $150.00
Location: Garage.
Corresponding Digital Photograph File:
r0326178jpg
6 Stamps. Miscellaneous stamps. $11. 00
Location: Garage.
Corresponding Digital Photograph File:
r0326179. .
7 Albums. Miscellaneous vinly records and $6.00
albums.
Location: Garage.
Corresponding Digital Photograph File:
r0326180. .
8 Violin. Reproduction violin made in Germany $25.00
marked Stradivarius.
Location: Garage.
Corresponding Digital Photograph File:
r03261
6
9 Paintings. Paintings by L. Whitcomb. $20.00
Location: Garage.
Corresponding Digital Photograph File:
r0326182jpg
10 Coins. Mint set including (2) 1980, (2) 1981, $16.00
1980 uncirculated, 1987, (2) 1995.
Location: Gara e.
11 Coins. Proof sets including (2) 1994, (3) 1989, $184.00
(2) 1984, (3) 1979, 1992, (2) 1985, 1982
Olympic, 1979.
Location: Gara e.
12 Coins. Three rolls of silver quarters. $200.00
Location: Garage.
Corresponding Digital Photograph File:
r0326181jpg
13
Jewelry. Miscellaneous costume jewelry.
Location: Garage.
Corresponding Digital Photograph File:
r0326183jpg
$8.00
14
Stool. Wooden mortised stool.
Location: Garage.
Corresponding Digital Photograph File:
r0326184.jpg
$22.00
15
Clock. 8wiza 8-day clock carriage style clock.
Location: Garage.
Corresponding Digital Photograph File:
r0326185jpg
$63.00
7
18 Tools. Miscellaneous tools. $2.00
Location: Garage.
Corresponding Digital Photograph File:
r0326188Jpg
19 Yearbooks. (5) 1930s Carlisle Oracles $90.00
(yearbooks).
Location: Gara e.
20 Yearbooks. (4) 1930s Dickinson yearbooks. $72.00
Location: Gara e.
21 Binoculars. L.B. & Co. of Paris brass $17.00
binoculars. Fair condition.
Location: Gara e.
22 Bookcase. Particle board bookcase. $9.00
Location: Garage.
Corresponding Digital Photograph File:
r0326189.jpg
Clock. Skeleton French carriage clock.
Location: Garage.
Corresponding Digital Photograph File:
r0326186.jpg
$50.00
16
17
Clock. Schmidt - Staub Gesetzl: Geschuetzt
clock (broken).
Location: Garage.
Corresponding Digital Photograph File:
r0326187Jpg
$8.00
8
23
24
25
26
Lamp. Floor lamp.
Location: Garage.
Corresponding Digital Photograph File:
r0326190jpg
Stand. Marble top plant stand.
Location: Garage.
Corresponding Digital Photograph File:
r0326191jpg
Dehumidifier. Sunpentown, dehumidifier, SF-
609.
Location: Garage.
Corresponding Digital Photograph File:
r0326193.jpg
Paintings. Whitcomb paintings including oil on
board and oil on canvas.
Location: Garage.
Corresponding Digital Photograph Files:
r0326195.jpg, r0326196jpg, r0326197 jpg,
r0326200.. , & r0326201.},
$12.00
$18.00
$35.00
$15.00
9
27
28
29
30
31
Stereo. Celebrity 4-in-l Entertainer by Crosley
with 3-speed record player, AM/FM radio, 3-
disc cd player, and cassette player.
Location: Garage.
Corresponding Digital Photograph File:
r0326202. .
Stereo. Clarinette 122 Realistic AM/FM, dual
cassette player with turntable, and two
speakers. Cat. No. 13-1226.
Location: Garage.
Corresponding Digital Photograph File:
r0326203jpg
Recorder. RadioShack cassette recorder, CTR-
121. Cat. No. 14-1128.
Location: Garage.
Corresponding Digital Photograph File:
r0326204jpg
Camera. Ashai Pentax Spotmatic 2021123.
Location: Garage.
Corresponding Digital Photograph File:
r0326205jpg
Lens. Auto promaster SP MC zoom camera
lens. No. 86200149.
Location: Garage.
Corresponding Digital Photograph File:
r0326207.jpg
$75.00
$15.00
$1. 00
$30.00
$7.00
10
32
33
34
35
36
37
38
Shuffier. Battery operated automatic card
shufller. No manufacturer's mark.
Location: Garage.
Corresponding Digital Photograph File:
r0326208. .
$3.00
Camera. Pentax IQ zoom camera. Marked
2501459 on base.
Location: Garage.
Corresponding Digital Photograph File:
r0326206jpg
$21. 00
Gages. Box of gearing gages 4 MIM (5/32").
Location: Garage.
Corresponding Digital Photograph File:
r0326212.jpg
$3.00
Pocketknife. Knife marked "T" with faux
leather case.
Location: Garage.
Corresponding Digital Photograph File:
r0326210jpg
$4.00
Comb. Metallic silver comb with village
celebration scene marked "Denmark".
Location: Garage.
Corresponding Digital Photograph File:
r0326213jpg
$5.00
Marble. Large marble with pitting and wear.
Location: Garage.
Corresponding Digital Photograph File:
r0326209jpg
$8.00
Walker. Used Carex walker.
Location: Gara e.
$12.00
11
39
$16.00
Filing Cabinet. Two-drawer filing cabinet with
some rust.
Location: Garage.
Corresponding Digital Photograph File:
r0326214.jpg
$10.00
40
JewelIy. Costume jewelry with some silver.
Location: Garage.
Corresponding Digital Photograph File:
r0326192.jpg
$33.00
41
Shelves. Knick-knack shelves.
Location: Garage.
Corresponding Digital Photograph File:
r0326220. .
$12.00
42
$16.00
43
Bag. Old medical bag.
Location: Garage.
Corresponding Digital Photograph File:
r0326215.jpg
12
45
44
46
Shredder. Paper shredder, SS-122M.
Location: Garage.
Corresponding Digital Photograph File:
r0326216jpg
Proiector. Movie projector, Revere American
Company.
Location: Garage.
Corresponding Digital Photograph File:
r0326217jpg
Proiector. Airequipt slide projector.
Location: Garage.
Corresponding Digital Photograph File:
r0326218jpg
Total
$8.00
$10.00
$6.00
$1,375.00
13
APPRAISAL SUMMARY (COPY)
It is in my opinion, that, as of the date of death: September 26, 2007, the Fair Market
Value of the personal property of Dr. Luther Whitcomb, Forest Park Nursing Home
Carlisle, Pennsylvania 17013:
(One Thousand Three Hundred Seventy Five Dollars and Zero Cents)
($1,375.00)
The reoort must be read in its entiretv. The Aooraisal Summarv ONLY is
not the aDoraisal reoort
14
Appraisal References
Alderfer's Auction. 501 Fairground Rd. Hatfield, PA 19440. 215-393-3003.
http://www.alderferfinearts.com/
Brickers. ChuckE. Auction. 93 Texaco Rd. Mechanicsburg, PA 17050.717-776-5785.
Conestoga Auction Company. Inc. 768 Graystone Rd. Manheim, P A 17545. 717-898-
7284. http://www.conestogaauction.com/auctions!
eBay. http://www.ebay.com
Gottshall. Jr.. Roy Auctions. 113 Forge Rd. Boiling Springs, PA 17007. 717-258-6222.
Hershey. Dan Auctioneering Service. 3 Brown Rd. Shippensburg, P A 17257. 717-532-
4647.
Ocker. Carl E. Auction. 4401 Philadelphia Ave. Chambersburg, P A 17201. 717-264-
6578. http://www.kennysauction.com/
Pook & Pook. 463 East Lancaster Ave. Downingtown, PA 19335. 610-296-4040.
http://www.pookandpook.com
York Town Auction. Inc. 1625 Haviland Rd. York, PA 17404.
15
Statement of Qualifications
Alyssa L. Loney, C.A.
Professional Designations and Certifications
C.A. - Certified Appraiser of Personal Properly designation earned through course work and
classes provided by the Institute of Appraisal of Personal Property.
Archaeological Resources Protection Act - Certified to conduct investigations and damage
assessment that pertains to violations of the United States federal, state, and local laws
pertaining to archaeological sites and cultural properties. Including by not limited to the
Archaeological Resources Protection Act of 1979, National Historic Preservation Act of
1966, the Native American Graves Protection and Repatriation Act and the American
Antiquities Act of 1906.
Professional Accomplishments
. State Historical and Underwater Archaeologist for the State of Louisiana.
. Attended the Conservation of Indian Artifacts Symposium sponsored by the Smithsonian
Institution and the Tunica-Biloxi Indian Reservation, Marksville, Louisiana.
. Director of the West Virginia University Historical Costume Museum.
. Research Archaeologist! Artifact Instructor for CADW (Welsh Historic Monuments)1
University ofY ork, England.
. Research and Preservation Specialist for the Maryland Historical Trust.
. Presented and published works for national and international organizations including the
Society for Historical Archaeology, Middle-Atlantic Archaeology Conference, Southeastern
Archaeological Conference, Louisiana Archaeological Society, and the Maryland Historical
Trust.
Education
B.Sc.
Historical Textiles and Clothing, 1992, West Virginia University, Morgantown,
West Virginia, United States.
Medieval Archaeology, 1995, University of York, York, England.
Certified Appraiser of Personal Property, 2001, Institute of Appraisal of Personal
Property, York, Pennsylvania, United States.
Certified to conduct investigations and damage assessment that pertains to
violations of the United States federal, state, and local laws pertaining to
archaeological sites and cultural properties.
First Step Entrepreneurial Series, 2001, Kutztown University of Pennsylvania,
Small Business Development Center.
M.A.
C.A.P.P.
A.R.P.A.
S.B.D.C.
Presently
Director and Founder of Ibis Appraisal Services. Member of Institute of Appraisal of Personal
Property, American Society of Appraisers, International Society of Appraisers, and Professional
Coin Grading Service.
Conducts extensive on-site appraisals, assessments, analyses, and authentication of personal and
cultural property. Operates on local, national, and international levels. Conducts research on all
objects considered personal and cultural property.
17
Assumptions and Limiting Conditions
The term "Fair Market Value", as used in this report, is defined as follows: The highest price an
item would bring if the sale occurred under normal market conditions providing
1. neither the buyer nor seller is acting under duress,
2. the property has been exposed on the open market for a reasonable length of time,
3. both the buyer and the seller are aware of the potential assets and defects,
4. no unusual circumstances are present.
This appraisal was based upon the following assumptions, limitations, and conditions:
1. The information contained in this report was gathered from sources considered reliable,
personal examination, research of authenticity and comparable sales and/or auction prices.
2. No responsibility is assumed for matters that are legal in nature, including, but not limited to:
the representation of others concerning the value, authenticity, condition, origin, or
provenance of an item appraised.
3. The appraiser assumed that a normal and careful examination of the property was sufficient
to determine its quality and condition and that no extraordinary examination procedures were
to be utilized, unless these were specially requested and the expenditure of funds therefore
authorized.
4. The appraiser's court attendance and expert testimony report, if required, are not included as
part of this report. The appraiser does have the right to refuse testimony.
THE UNDERSIGNED HEREBY CERTIFIES;
I. That I have no interest now, nor have I had an interest in the past, nor shall I
contemplate an interest in the future, in the property covered by this appraisal.
2. That to the best of my knowledge and belief, all statements and information included
in this appraisal are true and based upon objective findings and that no pertinent
information has been knowingly withheld or deleted in this report.
3. That neither the employment to make this appraisal or compensation for doing so is
contingent upon the value of the property.
It is the firm belief of the appraiser that the information furnished in this appraisal report and the
conclusions drawn from this information are true and correct, but they are not guaranteed.
18
Kelley Blue Book - Private Party Pricing Report - Buick, LeSabre
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1995 Buick LeSabre Custom Sedan 40
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BLUE BOOK'" PRIVATE PARTY VALUE """h'" Thi
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$2,655
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$1,950
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10/18/2007
Kelley Blue Book - Private Party Pricing Report - Buick, LeSabre
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Private Party Value Is what a buyer can expect to pay when buying a used
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Excellent
OOnDa $2,655
"Excellent" condition means that the vehicle looks new, is In excellent
mechanical condition and needs no reconditioning, This vehicle has never
had any paint or body work and Is free of rust. The vehicle has a clean title
history and will pass a smog and safety inspection. The engine
compartment Is clean, with no fluid leaks and is free of any wear or visible
defects. The vehicle also has compiete and verlflable service records. Less
than 5% of all used vehicles fall Into this category.
Good
OOGO $2,330
"Good" condition means that the vehicle Is free of any major defects. This
vehicle has a clean title history, the paint, body and Interior have only
minor (If any) blemishes, and there are no major mechanical problems.
There should be little or no rust on this vehicle. The tires match and have
substantial tread wear left. A "good" vehicle will need some reconditioning
to be sold at retail. Most consumer owned vehicles fall Into this category.
Fair
:':;\'_'0 $1,950
"Fair" condition means that the vehicle has some mechanical or cosmetic
defects and needs servicing but is stili in reasonable running condition. This
vehicle has a clean title history, the paint, body and/or Interior need work
performed by a professional. The tires may need to be replaced. There may
be some repairable rust damage.
Poor
w
N/A
"Poor" condItIon means that the vehicle has severe mechanical and/or
cosmetic defects and is In poor running condition. The vehicle may have
problems that cannot be readily flxed such as a damaged frame or a
rusted-through body. A vehicle with a branded title (salvage, flood, etc.) or
unsubstantiated mileage Is considered "poor." A vehicle in poor condition
may require an Independent appraisal to detenmlne Its value. Kelley Blue
Book does not attempt to report a value on a "poor" vehicle because the
value of cars in this category varies greatly.
* Pennsylvania 10/18/2007
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10/1 R/2007
11-[15-' 07 11: 21 FBCJt.,)-
T-890 P002/002 F-345
.I. .....0.....1 ~ '-".I. .,I,
JESSICA REESE - Re: prod - Date of Death Request
From:
To:
Date:
Subject:
DATE OF DEATH REQUESTS
REESE, JESSICA
10/30/20077:42 AM
Re: prod - Date of Death Request
Please find below the date of death balance for
Luther M Whitcomb ssn 182-36-3213
Records Management / DOD Unit
M&T Bank- "Understanding what's important."
>>> <JLREESE@mtb.com> 10/26/20072:25 PM >>>
Account lnfomlation
Date of death: 09/2612007
Account Number: 90068548 Balance $11,197.64 + accrued intere$t $ 0.24;;; $11,197.88 Total
Product Type: Deposit Account
Request Details
Deli ver to: Requestor
Delivery Options: E-mail
Delivery Details: EBRNJ3 R
fi1e://C:\Documents and Settings\EBRNJ3R\Local Settings\Temp\XPgrpwise\4726E075R... 11/5/2007
LUTHER M WHITCOMB
THORNWALD HOME
442 WALNUT BOTTOM ROAD #G-S
CARLISLE PA 17013-3742
Think spring.
It.'s never too early to begin thinking about next year's tax-filing
deadline. If you sold securities this year, make sure we have your cost
basis information. And if you're age 70-1/2 or older, be sure to take
your required minimum distribution (RMD) from your retirement plan by
year-end. Call today for more information on year-end considerations
that can make next April easier.
Total Account Value
Value Summary
This Period This Year
$25,267.67 Beginning value $24,479.34 $26,280.29
Assets added to account 0.00 0.00
Value One Month Ago ~ 3.77 901.37
$24,479.34 Assets withdrawn from account 0.00 0.00
Change in value 784.S6 -1,913.99
Value One Year Ago
$26,270.61 Ending Value $25,267.67
Cash & Money Mark'!t
Cash
Maturity Maturity Amount Amount
Municipal Bonds Date Value Invested Withdrawn Value
PA State Higher Edl Facs Rfdg
4.50% 4/1/2031 5,000.00 5,092.45 4,858.75
State Pub Bldg Auth PA Rev 4.25% 10/1/2032 20,000.00 19,930.00 18,323.80
Amount Amount
Mutual Funds Price Quantity Invested Withdrawn Value
Putnam PA Tax Exempt Incm Fd A 9.01 119.058 670.00 1,072.71
Total Account Value $25,267.67
Account Type Single
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LAST WILL AND TESTAMENT OF
LUTHER M. WHITCOMB
I, Luther M. 'Whitcomb, of the Borough of Carlisle,
Cumberland C01.lnty"pennsylvania, declare this to be my Last Will
andTestamentan,cl.:tevql(e all Wills and Codicils previously made
by me.
ITEM I': rCl.fultE.%Gt.that my legally enforceable debts and
funeraleXf?enS~S"t.9,get.her with the expen$es of ,the
admi,:p.~stra1::~o~';(j,FJt1.*' estate shall be paid from my residuary
estate ass;()<:?#i':~,~lBr.act:.icable after my decease, as a part of the
expense of '1::l1.$aam:L,:nistration of my estate.
ITEM:r:r: ,Id.~v:ise unto my son, Thomas L. Whitcomb, and my
daughter..;.in-la~'i,Sandra L. Whitcomb, my real property located at
616 MoorelaIidAvenue, the Borough of Carlisle, Cumberland County,
Pennsylvania, provided they, or either of them, shall survive me
by thirty (3()) days. The value of this devise for distribution
purposes shall be determined by an appraisal of the fair market
value on my dCl;te of death prepared by a qualified real estate
appraiser who shall be selected by my Executors' attorney.
Should my son, Thomas L. Whitcomb, and my daughter-in-law,
Sandra L. Whitcomb, both fail to survive me by thirty (30) days,
this devise shall lapse.
ITEM III: I bequeath unto my daughter, Mary Luise Freeman,
a sum of money equal to the value for distribution purposes of my
real estate bequeathed unto my son, Thomas L. Whitcomb, and my
daughter-in-law, Sandra L. Whitcomb, as set forth above in
Item II hereof. Provided, however, that should both my said son,
Thomas L. Whitcomb, and my daughter-in-law, Sandra L. Whitcomb,
fail to survive me by thirty (30) days, this bequest shall lapse.
Provided, further, that should my son, Thomas L. Whitcomb, and my
daughter-in-law, Sandra L. Whitcomb, or either of them, survive
me by thirty (30) days, but should my daughter, Mary Luise
Freeman, fail to survive me by thirty (30) days, this bequest
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shall be distributed to the issue, per stirpes, of Mary Luise
Freeman, living on the thirty-first day following my death.
ITEM IV: I devise and bequeath the rest, residue and
remainder of my estate of nature and wherever situate, in equal
shares, unto my two children, Thomas L. Whitcomb and Mary Luise
Freeman, provided, however, that should either of my said
children predecease me or die on or before the thirtieth day
following my death, his or her share shall be distributed to his
or her then living issue, per stirpes, and in default of such
then living issue, such share shall be added to the share for my
other child, if living, or his or her then living issue, per
stirpes, if then deceased.
ITEM V: All Federal, state and other death taxes payable
because of my death, with respect to the property forming my
gross Estate for tax purposes, whether passing under this will or
otherwise, including any interest or penalty imposed in
connection with such taxes, such be considered a part of the
expense of the administration of my Estate and shall be paid out
of the principal of my residuary estate without apportionment or
right of reimbursement.
ITEM VI: I appoint my said son, Thomas L. Whitcomb and my
daughter, Mary Luise Freeman, co-Executors of this my last Will
and Testaments.
ITEM VII: I direct that all fiduciaries acting under this
will, or their successors, shall not be required to give bond for
the faithful performance of their duties in any jurisdiction.
IN WITNESS WHEREOF, I have hereunto set my hand and seal,
.~t-!
I day of June, 2005.
this
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, .' ~ ." , ~'/Ct~~ [SEAL]
t Luther M. WhltcOmb
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The preceding instrument, consisting of two (2) other
typewritten pages, each identified by the signature of the
Testator, was on the date thereof, signed, published and declared
Luther M. Whitcomb, the Testator therein named, as and for his
last will, in the presence of us, who, at his request, in his
presence and in the presence of each other, have subscribed our
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names as witnesses hereto. lJ~ E.W
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COMMONWEALTH OF PENNSYLVANIA
SS
COUNTY OF CUMBERLAND
We, Luther M. Whitcomb, Dale F. Shughart, Jr., and
Bradley A. Mentzer, the Testator and the witnesses, respectively,
whose names are signed to the foregoing instrument, being first
duly sworn, do hereby declare to the undersigned authority that
the Testator signed and executed the instrument as his last Will
and that he had signed willingly, and that he executed it as his
free and voluntary act for the purposes therein expressed, and
that each of the witnesses, in the presence and hearing of the
Testator, signed the will as witness and that to the best of
his/her knowledge the Testator was at that time eighteen years of
age or older, of sound mind and under no constraint or undue
influence.
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Testator ./
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ltness
Subscribed, sworn to and acknowledged before me by
Luther M. Whitcomb, the Testator, and subscribed and sworn to
before me by Dale F. Shughart, Jr. and Bradley A. Mentzer,
witnesses, this /Sti day of June, 2005.
NOTARIAL SEAL
BONNIE L COYlE, NOTARY PUBLIC
BORO OF CARLISlE, CUMBERLAND CO. PA
MY COMMISsION EXPIRES OCTOBER 17.2006
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Not y PubllC
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