HomeMy WebLinkAbout06-06-08 (3)Rev-isoo ex . cs-oo)
' COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
F-
Z MAJOR HAROLD W.
W DATE OF DEATH (MM-DD-Year)
W
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REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
DATE OF BIRTN (MM-DD-Year)
09/07/2007 ~ 02/11 /1941
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
OFFICIAL USE ONLY
FILE NUMBER
2 1- 0 7 0 8 4 1_
COUNTY CODE YEAR NUMBER
SOCIAL SECURITY NUMBER
3 2 9-3 4-2 7 0 8
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
SOCIAL SECURITY NUMBER
~ XC~ 1.Original Retum ~ 2. Supplemental Return ~ 3. RemainderRetum (date of deathpriorro 12.13-82)
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~ 4. Limited Estate
~ 4a. Future Interest Compromise (dace ordeath aver ~z-~z•az)
~ 5. Federal Estate Tax Return Required
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QX &. Decedent Died Testate (Adacl, copyor WiA)
~ 7. Decedent Maintained a Living Trust (ACtacn copyorrrusc)
_ 8. Total Number of Safe Deposit Boxes
a C 'ligation Proceeds Received ~ 10. Spousal Poverty Credit (dace oraeath between 12-3~•s) and i•~•ssl ~ 11. Election to tax under Sec. 9113(A) tAttacn sch o)
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FIRM NAME (If Applicable)
MATEYA LAW Flf
TELEPHONE NUMBER
717-241-6500
ESQUIRE
1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held Corporetion, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
Z
_O 6. Jointly Owned Property (Schedule F)
I" ~ Separate Billing Requested
J
~ 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
F- (Schedule G or L)
a
Q 8.7otal Gross Assets (total Lines 1-7)
U
W[~ 9. Funeral Expenses ~ AdminisVa6ve Costs (Schedule H)
.v ....- aL.. ,,VR7i ~5'QiJ'C'.R:J,,;lf•'JC,91.~~C ~C.~. _.. ~
,_
11, Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
(11) 127 255.45
(12) 186 544.66
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election fo tax has not been
made (Schedule J)
14. Met Value Subject to Tax (Line 12 minus Line 13) (13}
(14)
186, 544.66
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
z 15. Amount of Line 14 taxable at the spousal tax
0 rate, or transfers under Sec. 9116 (a)(1.2) 0.00 X (15) 0.00
F-
16. Amount of line 14 taxable at lineal rate 186, 544.65 X .045 {16) _ _ _ 8, 394.51
n- 17. Amount of Line 14 taxable at sibling rate 0.00 X .12 (17) 0.00
O
v 18. Amount of Line 14 taxable at collates( rate 0.00 X .15 (18) 0.00
X
Q 19. Tax Due {t9) 8,394.51
~-
20. ~ . . ~ .
+ ~ al= SURE 70 ANSWER ALL QUESTIONS ON-REVERSE SIDE ANI? RECHECK MATH < < _
CONFIDENTIAL TAX iNFO
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MATEYA LAW FIRM
P.O. BOX 127
SPRINGS
DIRECTED TO:
PA 1
(1) _
r OFFICIAL USE ONLY
260,000.00
(z) 55.06 ~
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(3) r.r..O ~ 7
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(5) 11,760.0E ~ ~ ~ `-- ~.~'~
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(7) 41.985.0 .
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-- -- m -- --_ .
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(s) 313,800.11 -
(g) 27.496.70
~~ ^~ 99.758.75
Decedent's Complete Address:
STREET ADDRESS
17 STAMY ROAD
CITY STATE ZIP
NEVWILLE PA 17241
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
3. Interest/Penalty if applicable
D. Interest
E. Penalty
(1) 8, 394.51
Total Credits (A + B + C) (2) 0.00
Total Interest/Penalty (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.
(3) 0.00
(4)
0.00
(5) 8,394.51
(5A)
B. Enter the total of Line 5 +5A. This is the BALANCE DUE. (5B) 8,394.51
Make Check Payable fo: 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 : ................................................................... ........ ^
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? ..................................................... ........ ^
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.
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 RESPON,S LEG ETUR ~~~a7llJ/~ ~'~~'r-P~ DATE I ~ /D~
ADDRESS 14 GORHAM PLACE (/
TRUMBULL - CT 06611
SIGNATURE OF PREPARER
ADDRESS P.O. BOX 127
BOILING SPRINGS PA 17007
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 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 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% p2 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-15Q2 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE A
REAL ESTATE
FILE NUMBER
MAJOR. HAROLD W. 21 07 0841
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 pro~ert~which i Jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. 17 STAMY ROAD, NEWVILLE, CUMBERLAND COUNTY, PA 260,000.00
SEE ATTACHED SETTLEMENT STATEMENT
TOTAL (Also enter on line 1,
(If more space is needed, insert additional sheets of the same size)
REV-1503 EX + (6-98)
SCHEDULE B
COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
NUMBER
MAJOR. HAROLD W. 21 07 0841
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. THE PERKIN-ELMER CORP. 55,06
2 SHARES OF COMMON STOCK CUSIP 714041 10 0
27.53 AVG SHARE
TOTAL (Also enter on line 2, Recapitulation) ~ $
(If more space is needed, insert additional sheets of the same size)
REV-15,08 EX + (6-98)
SCHEDULE E
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC.
INHERITANCE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
MAJOR. HAROLD W. 21 07 0841
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. ORRSTOWN BANK 8,103.91
CHECKING ACCOUNT NO. 108003301
2. ORRSTOWN BANK 42.51
SAVINGS ACCOUNT NO. 108111287
3. 1995 CHEVROLET TAHOE VEHICLE 2,590.00
KELLY BLUE BOOK VALUE -FAIR CONDITION
4. STATE FARM FIRE AND CASUALTY COMPANY 23.60
REFUND OF HOMEOWNERS' INSURANCE
POLICY NO. 38-GJ-0871-5
5. PERSONAL/HOUSEHOLD GOODS 1,000.00
TOTAL (Also enter on line 5, Recapitulation) ~ $ 11 760 02
(If more space is needed, insert additional sheets of the same size)
REV-1510 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
_ RESIDENT DECEDENT
ESTATE OF
NUMBER
MAJOR HAROLD W. 21 07 0841
This schedule must be completed and filed 'rf the 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
INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND
THE DATE OP TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET
%OFDECD'S
INTEREST
EXCLUSION
IIF APPLICABLE)
TAXABLE
VALUE
1. WADDELL & REED 41,985.03 100. 41,985.03
SEP PLAN
ACCOUNT NO. 25706458
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON•PROBATE PROPERTY
TOTAL (Also enter on line 7 Recapitulation) I $ 41 985 03
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (12-99)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
MAJOR. HAROLD W. 21 07 0841
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1. EGGER FUNERAL HOME, INC 6,775.00
2. BROWN MONUMENT CO. -MONUMENT 2,859.06
B.
1
2.
3.
4.
5.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City State
Year(s) Commission Paid:
Attorney Fees MATEYA LAW FIRM
Family Exemption: (If decedents address is not the same as claimants, attach explanation)
Claimant
Street Address
City State
Relationship of Claimant to Decedent
Probate Fees CUMBERLAND COUNTY REGISTER OF WILLS
Accountants Fees
Zip
6, Tax Retum Preparers Fees WHELAN ROLERI & DEPIETRO
2007 TAX PREPARATION
7. CUMBERLAND COUNTY LAW JOURNAL -ADVERTISEMENT OF ESTATE
8. PATRIOT NEWS -ADVERTISEMENT OF ESTATE
9. DIVERSIFIED APPRAISAL SERVICES -REAL ESTATE APPRAISAL
10. THE GREAT OUTDOORS, LLC - DUMPSTER RENTAL
11. CUMBERLAND COUNTY REGISTER OF WILLS -SHORT CERTIFICATES
12. GARY SHULENBERGER -REAL ESTATE COMMISSION
13. MATEYA LAW FIRM -DEED PREPARATION
11,000.00
430.00
300.00
75.00
253.26
300.00
1,292.38
12.00
4,000.00
200.00
TOTAL (Also enter on line 9, Recapitulation) I $ ~~
Zip
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX + (6-98)
SCHEDULE 1
COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT,
IN RESIDENTEDI~ DENTRN MORTGAGE LIABILITIES, & LIENS
ESTATE OF FILE NUMBER
MAJOR. HAROLD W. 21 07 0841
Include unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION VALUE AT DATE
OF DEATH
1. PPL ELECTRIC SERVICE 17.77
ELECTRIC SERVICE AT RESIDENCE
ACCOUNT 99720-69005 OCTOBER 15 -NOVEMBER 13, 2007
2. CARLISLE PROPANE COMPANY 511.63
HEATING FUEL FOR RESIDENCE
ACCOUNT 225020
3. PPL ELECTRIC SERVICE 85.27
ELECTRIC SERVICE AT RESIDENCE DEC. 13 -JAN 16
ACCOUNT NO. 99720-69005
4. CARLISLE PROPANE COMPANY 593.77
HEATING FUEL FOR RESIDENCE 1/23/08
ACCOUNT NO. 225020
5. CHOICE CRITICAL CARE 56.60
MEDICAL SUPPLIES
6. EMBARQ 431.98
TELEPHONE SERVICE AT RESIDENCE
7. NATIONWIDE INSURANCE 338.50
HOMEOWNERS RESIDENTIAL INSURANCE
SIX MONTH PREMIUM
8. ORRSTOWN BANK 80,326.39
FIRST MORTGAGE
PAYOFF AS OF 3/10!08
9. CARLISLE REGIONAL MEDICAL HOSPITAL 145.92
MEDICAL SERVICES
ACCOUNT NO. 8587457814
10. CARLISLE REGIIONAL MEDICAL HOSPITAL 188.46
MEDICAL SERVICES
ACCOUNT NO. 8587452379
11. BIG SPRING AREA SCHOOL DISTRICT REAL ESTATE TAXES 3,028.68
2007/2008
12. BIG SPRING SCHOOL DISTRICT 2007/2008 PER CAPITA TAX 11.00
13. CUT ABOVE 420.00
LAWN CARE & LANDSCAPING
LAWN CARE SERVICE AT RESIDENCE FOR 6/5107 - 8/10/07
14. WHISPERING PINES ASSISTED LIVING 3,021.00
ASSISTED LIVING EXPENSE
MAY 2007 EXPENSES INVOICE NO. 50121
15. WHISPERING PINES 1,777.94
ASSISTED LIVING MONTHLY EXPENSE
MARCH 2007
TOTAL (Also enter on line 10, Recapitl;lation) $ 99,758.75
(If more space is needed, insert additional sheets of the same size)
REV-15^3 EX + (g_nni
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
MA OR HARD D W. 21 7 0 1
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS (include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1. WILLIAM TODD MAJOR Lineal 62,181.55
62 NORTON AVE
GUILFORD, CT 06437
2. KATHLEEN ALISON DENKE Lineal 62,181.55
28 HOGAN TRAIL
WESTPORT, CT 06880
3. ADAM BURTON MAJOR Lineal 62,181.55
14 GORHAM PLACE
TRUMBULL, CT 06611
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 T HROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
1. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(It more space is needed, insert additional sheets of the same size)
..:~...,. „k„R,n.T
~ LAST WILL AND TESTAhIENT
it
~~
- ~ I, HAROLD WAGNER MAJOR also known as WILL MAJOR,
' ~
~~ residing in Trumbull, in Fairfield County, Connecticut,
ji hereby make and publish this Will and revoke all previous
1, I
~,
~~
~; wills.
~~
{j FIRST ~
~I I hereby provide that neither the birth of any child
(i or children to me, nor the adoption by me of any child or
,?
? children shall operate as a revocation of this Will. j
~i SECOND
~I I direct that my funeral expenses and all my debts,
I 1
;~ except such as shall, at the time of my death, be secured
I
by mortgage, be paid from my personal estate.
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j; THIRD
I give devise and bequeath my entire estate, real and
personal, wherever situated of which I may die siezed or
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~~ possessed o~,~- or in which I may be or become in any way
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~~ entitled or have any interest, or over which I may have
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j. a power of appointment to my children, WILLIAM TODD born
:.
~' July 25, 1965, KATHLEEN ALISON born November 17, 1967, and
~' ADAM SL'RTON born Au ust 30 1972. I am makin this be uest
{j g ~ g q
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because of my Separation and conten-~plated divorce irvrr~ Julie
Mae Smith Major. My intent is to leave none of my estate
i
to JULIE MAE SMITH MAJOR.
FOURTH
In the event that I should die before my youngest
surviving child reaches 21, the proceeds of my estate should
be placed in trust for the support, maintenance and education
of my surviving children. The trustees are authorized to
distribute the income and/or principal of the Trust in dis-
pzoportionate and unequal shares to or for the benefit of
such child or children of mine most in need of assistance.
In the absence of a need for such considerations however,
the proceeds of the Trust shall be distributed as fairly
and as equally as is possible to or for the benefit ~f my
said child or children and the Trustees shall be the sole an
-2-
final judges of the Method and amount of distribution to or
for the benefit of each of my said children,
In the event that the Trust has not been entirely dis-
sipated by the time the youngest child of mine shall reach 21
`~ years, I direct, that upon such occurrence, the Trust shall
cease and terminate and the then balance of principal ~:nd
f; any accumulated income thereon shall be distributed t~~ my
children who shall be then living equally. In the event any
of my children predecease me or the distribution of the Trust
and that child has issue, the issue shall share in the said
Childs share.
FIFTH
I hereby appoint, ANNA HICKS MAJOR, my former wife
and the mother of the three aforementioned children as
Executrix of my estate. I also appoint ANNA HICKS MAJOR fi
Testamentary Guardian of ny minor children and~Trus~tee~~of
my estate being held in Trust for any of my children. If
ANNA HICKS MAJOR should predecease me or should fail to
qualify or cease to act as Executrix, then I appoint my son I
WILLIAM TODD MAJOR to act as Executor of my last Will and !
i
Testament. If ANNA HICKS MAJOR should predecease m~ or fa' ~
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,~
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to act or qualify asr Trustee at any time during the life of
~,
~~ the Trust hereinbefore created for the benefit of my sur-
viving child or children, I appoint CITY TRUST CUhiPA~1Y of
:;
'' Bridgeport, Connecticut, as Alternate or Successor Trustee
i~
'f of the aforesaid Trust, as the case may be, for my said
~~
~' children.
~~ I give my Executrix power to sell any real esta`~ or
personal property. I request that no Executrix, Trustee, or
Guardian be required to give any bond, and that if, notaith-
standing this request, any bond is required by Iaw, statute
or rule of court, no sureties be required of them.
i
In witness, whereof, I have hereunto set my hand and
seal at Fairfield, Connecticut, and declare it to be a
Will and Testament on the 16th~ay o September, 1986
1
~1.. S_ ~;
!?AROLD IdAGVER C!AJnR
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~~ The foregoing instrument, consisting of this and four
j; preceding typewritten pages, was signed, published and d~-
i ~
I` Glared by the above named Testator, HAROLD W.=,GNER i•1.~JOR, also
~~ i
~' known as WILL MAJOR, to be his last Will and Testament, in our
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~{ presence, and we at his request and in his presence and in the f
~' presence of each other have hereunto subscribed ot:r names as f(
~'
witnesses this 16th day of September, 1986, at Fairfield, Connecti-
~~ -
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Elsie A.~ Doyle ~ ~` I
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Kath~ D'Agostino
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Karen L. Barry l ~ ~~ ,
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'~ STATE OF CONNECTICU'~ )
~ SS: Fairfield '
~~ COUNTY OF FAIRFIELD ) September 16, 1986
'' Then and there personally appeared the within named,
~~ </_~1 .. ,' '~ ~ ~ %~~' 1.. '{_/`/`rfi L and +` ` ~ ;. . ;~ ~
;; who being duly sworn depose and say~~thzt they witnessed the '
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' execution of the within Will of the within named Testa~or,
;~ HAROLD WAGNER MAJOR also known as WILL MAJOR; ti,a~~ t'ne:~ there-
ii after subscribed the same as witnesses in the presence of each
other and at the request of said testator; that the said test-
jj ator at the time of the execution of said will appeared to them
<<
~` to be of full age and sound mind and memory and that they make
~~
jl this affidavit at the request of the said testator, HAROLD WAGNER
li I
'; MAJOR also known as GJILL MAJOR. ~
fi Subscribed and sworn to bef~e me this 16thjay of
`t _ I
September, 1986.
~:~~ ~~a
..1 . i
OMAN\A S. ' Mr"+LItiOWSE:: ~
Commissioner of the Superior Ct. ,
I
-Final Page-
APPRAISAL OF REAL PROPERTY
LOCATED AT:
17 Stamy Road
Deed Book 165 Page 182
Newville, PA 17241
FOR:
Estate of Harold Major
17 Stamy Road, Newville, PA 17241
AS OF:
December 19, 2007
BY:
Susan B. Burkholder
State Certified Residential Appraiser
The intended user is The Estate of Harold Major
This appraisal was completed to establish value for Estate Tax
Summary Format
Form GAt -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMOOE
Diversified Appraisal Services
Uniform Residential Appraisal Resort Fik# 010208M
The u ose of ttVs summa a sisal r R.is to rovide the lender/client with an accurate, and ad ua s rted, d irdon of the market vabe of the sub ect ro
Pr Address 17 Stam Road City Newviile State PA Z Code 17241
Borrower n.a. ' Owner of Public Record Harold Ma or Coun Cumberland
L al Descri tbn Deed Book 165 Pa a 82
Assessor's Parcel # 30-08-0593-107 Tax Year 2007-2008 R.E. Taxes $ 3 258.67
Nef hborhood Name n.a. Ma Reference 8-593 Census Tract 128
~
• S eclat Assessments $ n.a. PUD HOA $ er ear r monN
Occu and Owner ierrant Vaca
" Pro Ri trts A raised Fee 5; b Leasehdd Other describe
Asst ent T Purchase Transaction Refinance Transaction Other describe Establish Value for Estate Tax
LendajCNent Estate of Harold Ma'or Address 17 Stam Road Newville PA 17241
Is the sub' t ro a tune offered for sale or has it been offered for safe in the twelve months don to the effective date of this a sisal? Yes No
R ort data sources used otted rice S , anA date S . The sub ect was not offered for sale in the ast ear or transferred on the st three ors.
I ^ did ^ did not analyze the cormact for sale for the subject purchase transaction. Explain the resuhs of the anatysis of the contract for sale or why the anatysis was not
rforrrred. n.a.
Contract Price $ n.a. Date of Contract n.a. Is tfre roe seNer the owner of ubCC record? Yes No Data Sources n.a.
Is there any financial assistance poan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? ^ Yes ^ No
e Yes, re R the total dollar amount and descdbe the Bens to be id. n.a.
Note: Race and the racial tom ' on of the ne' hborhood are not a protest factors.
• ` ~ ~ Or~Unitliousl Treads Orre-UiritNousf PfeaentlefsdU~95
Location Urban Suburban Rural Pro Values Increasin Stable Oeckni PRICE AGE One-Unit 70 %
. Built-U Over 75% 25-75% lMder 25% DemanNSu Shorts a In Balance Over Su $1100 rs 2-4 Unit %
Growth Ra id Stable Slow Marked Time Urnfer 3 mths 3-6 mths Over 6 mths 125 Low 5 Mu1N-Famil %
Nei hborhood Boundaries The sub'ea net hborhood is bordered b Nevwille Greens rin Road 400 Hi h 200 Colrvnercial 5 %
Bukshead Road and Steelstown Road. 200 Pred. 50 Other 25 %
N~ hbonhood Ikscrf lion Rural area wRh stable ownershi atterns within reasonable commuti distance to schools laces of vvorshi
sho i and trans rtation.
Market Conditions mcludi su for the above cOrxlusions Marketin condition are ood. The avers marked time is three to six months.
Dimensions Irre ular Area 9.21 acres Sha a Irre ular View Avers e
S ecific Zoru Classrfication None in townshi Zonin Descri lion E~stin use is ermitted
Zori C Nance L al L al Nonconfonrd Grandtathered Use No Zoni N al describe
Is the hi hest and best use of sub 1 ro as im raved or as ro seed tans ands tticadons the resent use? Yes No tt Na, describe
lltilitks Put><ic Other (descrthe) Public Other (describe) O(f-sde kn rovemeMS - T Pubik: Prnate
ElecfiC' Water Well Street Macadam
Gas n.a Sandra Sewer On site Aile None
FEMA S eclat Fbod Hazard Area Yes No FEMA Fbod Zone C FEMA Ma # 421583 A FEMA Ma Date 9-10-84
Are the utilities and off-site im rovtvnerds icai for the market area? Yes No tl No, describe
Are there an adverse site conditions or external factors easements, encroachments, ernironmerttaf conditions, land uses, etc. ? Yes No tt Yes, describe
tl Eouridation Etrierior 'on ttrat/corrr~dorl tn~(pr rtraAtaialglconditlon
Units One One with Accesso Unit Concrete Slab Crawl S ace Foundation Walls Cori blocklA Floors Hdvud/Ca eUAv
# of Stodes 2 FuN Basemem Partial Basement Exterior Walls Vin I sidi A Walls D IUA
T e Der Att. S-DeUEnd Unit Basemerd Area 1 232 s .ft. Root Surface Shin les/Av Td~rdsh Wood/Av
Existi Pro sed Under Const
Desi n S le 2-sto Basement Flnish 0 %
Outside En /Exit Sum Pum Gutters 8 Downs uts Alum/A Bath Floor Vin UAv
Window T e Thermo anelA Bath Wainscot D IvA
Year Built 1998 Evidence of Irdestation Storm Sash/lnsulated InsufatedfA Car Stora a None
Effective A e (Yrs 10 ors
Attic None Dam
Nead ness ^ Settlement
FWA HWBB Radiant Screens YeslA Drivewa # of Cars 2
Ameniries Woodstove s # Drivewa Surface Gravel
Dro Stair Stairs
Fbor Scufde
Fnished Heated
A Nantes ®Refrf erator ®iTa e/Dven Other Fuel Pro one
Cooli Central Air Conditioni
Individual Other
Dishwasher Dis Deal ®Micro Flre laces # Fence Gara e # of Cars 2
PatialDeck Wood Porch Covered Ca ort # of Cars
Pool Other Att. Det. Built-in
wave ^ Wasfter/D er ^ Other describe
Flnished area above rode contains: 6 Rooms 3 Bedrooms 2.5 Baths 2000 S ware Feet of Gross Livin Area Above Grade
. Additional features s eclat soar etticierd Items, etc.. Stocked and stoo atio and two decks.
.
Describe the condition of the roe ulcludin needed re airs, deterioration, rerwvadons remodefin ,etc.. All im rovements are considered to be in avers e
condition.
Are there a sical deficiereies or adverse conditions that affect the livabili ,soundness, or structural irrt ri of the ro ? Yes No tt Yes, describe
Does the roe renal cordorm to the net hborhaod functional udl' , s le, condition, use, construchon, etc. ? Yes No tt No, describe
Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Forrn 1004 March 2005
Fonn 1004 -'TOTAL for Windows' appraisal software by a is mode, inc. -1-800-ALAMODE
l)niform Residential Annl"disal ReDOtt Fuca o1D2oaM
There are 0 co arable r cdrretlt offered for sale in the sub ect nei hborhood ra in in rice from $ 0 to $ 0
There are 3 rA raMe says in ttie swb~eot rlei hbofiaod within the ast 1weNe months ran ' in sale rice tram $ 222 000 to $ 314 000
FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 17 Starry Road 45 Vine Drive
Newville PA 17241 Carlisle 290 Middle Road
Newville 114 Mountain Road
NewviNe
Prod to SUb' ~~ 10.35 miles 2-50 miles 5.04 miles
gate Price n a $ 314 000
$ S 300 000 $ 222 000
_
Sale Price/Gross Liv. Area $ so n.j$ 164.92 s tt
Data $OUfCe s Court- ~-house -
Veritlcatiai Sources _ ~ !MLS
VALUE ADJUSTMENTS GE's rRiPTIO'J DESCRIPTION + - $ Ad usiment $ 178.57 S .fl
Courthouse
MLS
DESCRIPTION
- $ Ad'ustmenl $ 138.32 s .ft.
Courthouse
MLS
DESCRIPTION
- $ Ad ustmeM
Sales or Fnancing , Cbsing oust
Concessions Conventional -8,420 None known
Conventional None known
Conventional
Date of SaleRme _ ___1
Location IAvera a
LBasehokUFee Si le Fee Sim le 6-5-07
Similar
Fee Sim le 4-11-07
Similar
Fee Sim 1e 4-12-07
Similar
Fee Sim Ie
Site 9.21 acres 11.55 acres -11 700 9.90 acres -3 500 4.75 acres +22 300
View Avera a Similar Similar Similar
IJesi n 5 k
Duat of Construction
Actual A e
Condition 2-sto
Vin sidi
9 ors
Avera a 2-sto
Vin sidi
18 ors
Similar Ca a Cod
Vin sidi
17 ears
Similar Ca a Cod
Vin sidin
24 ears
Similar
Alwve Grade Total Bdrms. Uis Trial Bdrms, Baths Total Bdrms. Batlu Taal Bdrms. Baths
Room Count 6 3 2.5 6 3 2.5 6 3 2.5 7 4 2 -1 000
Gross Livi Area 2000 5 .tt. 1 904 S .tt. 1 680 s .ft. +g 600 1 605 5 .tt. +11 900
Basement & Fltushed
Rooms Below Grade 1,232 Sq.Ft.
None Full bsmt
w/bedroom
-3 000 Full bsmt
100% finished
-10 000 Full bsmt
50°/° finished
-5 000
Functional Util' Avera a Similar Similar Similar
- Heati Cooti Fha Pro CA Elec bsbd CA Fha Oil CA Fha P WII ant +2 000
,' Ever Efficient ttems None None None None
Gara e1Ca 2-car alt are a 2-car int ara a +4 000 4-car det ar -8 000 2-car der ar +2 000
' PorctVPatio/Deck 2 decks stop Porch deck +500 La a orch +500 Poroh +2 500
do fire lace Wood stove +2 000 Wd stv f inst -500 None +3 000
Pond None +5 000 Stable fence -15 000 None +5 000
• Net Adbstmerd oral + - $ 11 620 + - $ 26 900 + - $ 42 700
Adjusted Sale Price !Net Adj. 3.7 %
of Co ambles ~ Gross Ad'. 71.0 %
$ 302 380 Net Adj. 9.0 %
Gross Ad'. 15.7 %
$ 273 100 Net Adj. 19.2 %
Gross Ad~. 24.6 %
$ 264 700
- I did did not research the sale or Vanster histo of the subject ro and com able sales. Ii not, Lain
M research did did not reveal an rior sales or transfers of the sub ect roe for the three ears rior to ttre effective date of ttris a sisal.
Data Sources Assessment records
M research did did not reveal an rior sales or transfers of the co arable sales for the ear rior to the date of sale of the com arable sale.
Data Sources Assessment records
R rt the resuhs of the research and ana sis of the rior sale or transfer histo of the sub ect roe and co table sales r rt additional rior sales on a e 3 .
ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3
Date of Prior SaleRransfer 9-29-07 8-11-92 6-3-97 8-3-04
Price at Prior Sale/Trarefer $45000 $119 900 $135 000 $1.00
Data Source S Courthouse Courthouse Courthouse Courthouse
Effective Date of Data Sources 1-OS 1-OB 11-07 11-07
Ana sis of rior sale Or Vansfer hi of ftte sub ro and com table sales No sale has taken lace in the ast three ears for the sub'ect ro ert
or the com ambles in the st ar.
Sutrxna of Safes Com orison A roach A 2 000 er room ad'ustment was made for fhe total number of rooms 2 000 r bath and 1 000 r half
bath.
{ndicated Uafue Sales Com orison A oath $ 272 000
Indicated Value b :Sales Comparison A ch $ 272000 Cost Approach (H developed) $ n.a. Income Ap roach (if deveb d) $ n.a.
The Sales Com rison a roach bei considered the most accurate in arrivin at m final o inion of value. The Income a roach was not
considered since this is an owner occu led si le famil dwelli .The Costa roach was considered to be unreliable since this is not new
• construction and ma be misleadin to the reader.
This appraisal is made ®"as 4s", ^ subject to completion per plans and specifications on the basis of a hypothetical condition tfrat the improvements have been
completed, ^ subject to the folWwitq repairs or alterations on the basis of a hypothetical condition that the repairs or atteratiors have been competed, os ^ subject to the
• foUowi aired ins lion based on the toctraordina assum lion that the condition or deficient does not r uire alteration or r air. raised in current condition.
Based on a complete visual inspection of ffie interior and exterior areas of the subject property defined scope of worlr, statement of assumptions and limiting
conditions, and appraiser's certdication, my (our) opinion of the market value, as defined' ; of fhe r~l property that is the subjed of this report is
$ 272,000 as o} December 19, 2007 which is the date d ins 'nand the effective date of this sisal.
Freddie Mac Form 70 March 2005 Page 2 of 6 ranme mae roan iuu~+ maicn cw~
Form it1tW -'TOTAL for Windows' appraisal software by a b made, inc. - t-800-ALAMODE
t Inifnrm Residential Appraisal Report ~a.~r o,n2osnn
See addendum.
___ _ _C05TAPPROACH'tOYALUE not' iced fannieMae}
Provide ad uate irdormatian far the lender/caetd to re licate the bebw cost fi ores and calculations.
Su rt for the o inbn of site value summa of co cable land sales or other methods far estimati site value The Costa roach was considered to be
unreliable since this is not new construction and due to the lack of land sales.
ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE.._............_..._..._....._...._ .......___..._._.__.. _$
Source of co51 data DWELLING S .Ft. $ ____..._ _$
Dual' rati from cost service Effective date of cost data 5 .Ft $ _$
- Commends on Cost A roach rocs Gvi area cak;ulatbns, de reciation, etc. ---- - _$
Gera e/Ca rt .Ft. $ -.. -. -- _$
• Total Estimate of Cost-New
Less sical
Functional _.__..__ _$
E>Qernal
De reciation =~
De reciated Cost of I rovemerds ..._.---.--._.._.... ......_....._..........--- _$
'As-is' Value of Site I rovements .__..._..._......_ .__....._....__..._.._ _$
Estimated Remaining Ecoromic l.ite HUD and VA oNy Years INDICATED VALUE BY COST APPROACH -_---..._..... ......_..__...._..__.. =5 ..
INCOMEAFPROACHTOYALUE(not aired FamnieMa61
• Estimated Momhi Market Rem $ X Gross Rent Muhi tier = $ Indicated Value b Income A roach
Sunxna of Income mach inGudin su rt for market rent and GAM
_ ___ _ PROJECTINf~i1NAT~NFORPISt3s(Happfir~69e)
Is the dev rPouilder in condrol at the Homeownars' Association HOA ? Yes No Unit s Detached Attached
Provide the folbwi information for Pl1Ds ONLY'rf the devdo dbuilder is in crirdrol of the HOA and the sub~ect roe is an attached dwelt
aril.
al Name of Pro ect
Total number of hoses Total number of units Total number of unhs sold
• Total number of units rerded Total number of units for safe Data source s
- Was Ute ro'ect created b the conversion of eristin buiktin s into a PUD? Yes No If Yes, date of cornersion.
Does the ro' ct contain a mufti-dweBin units? Yes No Data Source
Are the units, comrwn elements, and recreation facilities co lete? Yes No li No, describe the status of co letion.
Are the common elements leased to or Vie Homeowners' Association? Yes No h Yes, describe the rental terms and o lions.
Describe common elements acrd recreational facilities.
Freddie Mac Forth 70 March 2005 Page 3 of 6 ranme mae corm rurr+ march cwo
Farm 1004-'TOTAL for Windows' appraisal software by a la mode, inc. -1-811(1-ALAMODE
Uniform Residential Appraisal Report FikN 010208M
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. Modfications 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 {imiting conditions, and certifications. The appraiser must, at a minimum: (1) pertorm 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 spec'rfied 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 identrfiable 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
fender 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 certrfication 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
idenfrfied 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.
Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Fonn 1004 March 2005
Form 1004 - •TOTAL for Windows' appraisal software by a fa mode, inc. -1-800-ALAMODE
Un'rform Residential Appraisal Report Fde+Y 010208M
APPRAISER'S CERTIFICATION: '.The Appraiser certifies and agrees that:
1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in
this appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition
of the improvements in factual, specdic terms. I identfied and reported the physical deficiencies that could affect the
livability, soundness, or structural- integrity of the property.
3. l performed this appraisal in accordance with the requirements of the Unrform Standards of Professional Appraisal
Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in
place at the time this appraisal report was prepared.
4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales
comparison approach to value. l have adequate comparable 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. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior
to the date of sale of the comparable sale, unless otherwise indicated in this report.
7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
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 rs 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 properly or that I became aware of during the research involved in pertorming 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 limfting 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 pertorming 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 spec'rfic 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 specirfic 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 pertomt the tasks. I have not authodzed 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 R.
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.
Freddie 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. - t-800-ALAtv10DE
Uniform Residential Appraisal Report Faex o,o2osM
21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the
borrower; the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to
obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal
report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public
relations, news, sales, or other media).
22. tam 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 Unrform Standards of Professional Appraisal Practice
that pertain to disclosure or distribution by me.
23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage
insurers, govemment sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
of any mortgage finance transaction that involves any one 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 Vansmission 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 Iiabillty 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 CERTIHCATION: 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 ident'rfied in this appraisal report is either asub-conVactor or an employee of the supervisory appraiser (or the
appraisal firm), is qual'rfied to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal
report was prepared.
5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER
Signature
Name Susan .Burkholder
Company Name Diversified Appraisal Services
Company Address 35 E High Street Suite 101 Carlisle PA
17013
Telephone Number 717-gas-2758
Email Address sue.burktwtder[plomail.com
Date of Signature and Report Januarv2.2o08
Effective Date of Appraisal December 19.2007
State Certification # RL-000659-L
or State License #
or Other (describe) State #
State PA
Expiration Date of Certification or License June 30, 2009
ADDRESS OF PROPERTY APPRAISED
17 Stamv Road
Newville PA 17241
APPRAISED VALUE OF SUBJECT PROPERTY $ 272.000
LENDER/CLIENT
Name
Company Name Estate of Harold Maior _
Company Address 17 Stamy Road. Newville, PA 17241
Email Address
SUPERVISORY APPRAISER (ONLY 1F REQUIRED)
Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Cert'rfication or License
SUBJECT PROPERTY
^ Did not inspect subject property
^ Did inspect exterior of subject property from street
Date of Inspection
^ Did inspect interior and exterior of subject property
Date of Inspection
COMPARABLE SALES
^ Did not inspect exterior of comparable sales from street
^ Did inspect exterior of comparable sales from street
Date of Inspection
Freddie Mac Fonn 70 March 2005 Page 6 of 6
Fannie Mae Form 1004 March 2005
Form 1004 -'TOTAL for windows' appraisal software by a 0 mode, inc. - t-80U-ALAMODE
Supplemental Addendum File No mmnxnn
8onowegCGerd n.a.
Pro Address 17 Stam Road
C' Newville Cou Cumberland State PA L Code 17241
Lender Estate of Harold Ma'or
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.
The subject property has an on site well and septic system. This is common for the area and have no adverse impact upon the
marketability or the home.
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.
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 okt have to be used. All three comparables used were
the best available.
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 oki have to be used. All three comparables used were
the best available.
Although there are other similar home in the subject's neighborhood, none have sold recently. Therefore is was necessary to use
sales further than one mile from the subject property. The sales used are the best available.
Gross adjustments exceed 25% and net adjustments exceed 15% for one or more of the comparable sales. Although there are
other similar homes in the area, none have sold recentty. The sales used are the best available.
The scope of the assignment inGuded 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 Intended User of this appraisal report is the Lender/Client. The Intended Use is to evaluate the property that is the subject of
this appraisal for a mortgage finance transaction, subject to the stated Scope of Work, purpose of the appraisal. reporting
requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the
appraiser.
Privacy Notice
Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with atl 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 bylaw. 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 ~~,6~,~~ Signamre
Name Susan B. E~urkholder Name
Date Signed January 2, 2008 Date Signed
State Certlfiration # RL-000659-L State PA State Certification #
Or State License # _ - _ _ _ _ State _ Or State License #
State
$tatE
Diversified Appraisal Services
Fonn TADD2 -'TOTAL for Windows' appraisal software by a b mode, inc. -1-800-AIAMODE
Subiect Photos
Borrower Client n.a.
Pro Address 17 Stam Road
Ci Newville Cou Cumberland State PA Z Code 17241
Lender Estate of Harold Ma'or
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Subject Front
17 Stamy Road
Subject Rear
Subject Street
Form PICPIX.TR -'TOTAL for Windows' appraisal software by a b mode, inc. -1-800-ALAMODE
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Comparable Photo Page
Borrower CIieM n.a.
Pro Address 17 Stam Road
C Newvilfe Cou Cumberland State PA Z Code 17241
lender Estate of Harold Ma~or
Comparable 1
45 Vine Drive
Comparable 2
290 Middle Road
Comparable 3
114 Mountain Road
Forrn PICPD(.BR -'TOTAL for Windows appraisal software by a la mode, inc. -1-800-ALAMODE
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Building Sketch (Page - 7)
Borrower Cherrt n.a.
Pro Address 17 Stam Road
Ci Newviile Cou Cumberland State PA L Code 17241
Lender Estate of Harold Ma'or
24.0'
24.0' Garage 24.0'
8.0' 20.0' 24 '
r 1Q4P 12.0'
Living th Bt
28.0' Dec 28.0'
Bdrm
Kitchen
8.0' 20.0' 24.0'
24.0'
Bdrm
32.0' ~ Bath 32.0'
7,5' Bdrm
24.0'
SKETCH CALCULATIONS
Al Al : 44.0 x 28.0 = 1232.0
First Floor 1232.0
A2 : 24.0 x 32.0 = 768.0
768
0
Second Floor .
Total Llving Area ~~•d
Form SKT.BIdSkI -'TOTAL for Windows' appraisal software by a la nwde, inc. -1-8Q0-ALAMODE
Location Map
Bortower Client n.a.
Pro Address 17 Stam Road
Ci Newville Cou Cumberland State PA Z Code 17241
Lender Estate of Harold Nia'or
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