HomeMy WebLinkAbout06-30-08 (3)REV-i SOD EX + (6.OG)
COMMONWEALTH OF
REV-15 0 0
OFFICIAL USE ONLY
PENNSYLVANIA
DEPARTMENT OF REVENUE INHERITANCE TAX RETURN
FILE NUMBER
- -
DEPT. 280601
HARRISBURG, PA 17128-0601 RESIDENT DECEDENT 2 1- 0 8 0 0 1 6
_
COUNTY CODE YEAR NUMBER
DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
h
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REESE RUDY E.
1 6 5- 2 8- 0 9 2 0
W DATE OF DEATH (MM-DD-Year) DATE OF BIRTH (MM-DD-'(ear) THIS RETURN MUST BE FILED IN DUPLICATE WRH THE
W
V
10/18/2007
03/06/1935 REGISTER OF WILLS
W
t~ (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
~ XC~ 1. Original Retum ~ 2. Supplemental Retum ~ 3. Remainder Retum (date of death prior to 12-13.82)
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~ 4. Limited Estate
~ 4a. Future Interest Compromise (dateotaeath aver ~z-12-az)
~ 5. Federal Estate Tax Retum Required
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~ 6. Decedent Died Testate taaach copy of well)
~ 7. Decedent Maintained a Living Trust (Attacn copy or7rust)
~ 8. Total Number of Safe Deposit Boxes
a
a
~, 9. Litigation Proceeds Received
~ 10. Spousal Poverty Credit (date or death between 12-31-st and ~-t-ss)
~ 11. Election to tax under Sec. 9113(A) lanach sch o)
~, THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Z
w NAME COMPLETE MAILING ADDRESS
°z MARK A MATEYA P.O. BOX 127
a FIRM NAME (It Applicable)
r
~ MATEYA LAW FIRM
p TELEPHONE NUMBER
717-241-6500 BOILING SPRINGS PA 17007
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O
H
J
F_-
a
Q
U
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1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held Corporation, Partnership orSole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6. Jointly Owned Property (Schedule Fj
Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H)
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)
91,000.00 '^__~- - ---__-- _ -- __ _
(1) OFFICIAL USE ONLY
(2) ', ~ ~ r~.-~
_ ~ :-~
_
(4) r
' ~ '>
t5) 6,020.53 _ ~ r-,
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(6) '' ~ .a
66,500.00 ~
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_
:
(a) 163,520.53
(g) 12, 084.20
(10) 10, titi. i y
11. Total Deductions (total Lines 9 & 10) (11) 22,870.x:;
12. Net Value of Estate (Line 8 minus Line 11) (12) 140,ti50.14
13. Charitable and Governmental BequestslSec 9113 Trusts for which an election to tax has not been (13)
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 140,650.14
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
Z
O
F-
Q
F-
a
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X
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F-
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
16. Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxable at sibling rate
18. Amount of Line 14 taxable at collateral rate
19. Tax Due
20. ~ •
0.00 X
74,150.15 X
0.00 X
66,500.00 X
(15) 0.00
045 (16) 3,336.76
12 (17)
0.00
15 (1a) 9,975.00
(19j 13,311.76
SIDE AND RECHECK MATH < < r,~
Decedent's Complete Address:
STREET ADDRESS
925 NIXON DRIVE
CITY
MECHANICSBURG STATE PA zll= 17055
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. CreditslPayments
A. Spousal Poverty Credit
B. Prior Payrnents
C. Discount
3. Interest/Penalty if applicable
D. Interest
E. Penalty
(1 } 13, 311.76
Total Credits (A + B + C) (2)
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
0.00
(4) 0.00
(5) 13, 311.76
(5A)
B. Enterthe total of Line 5 +SA. This is the BALANCE DUE. (56) 13,311.76
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 desjgnate 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 "intrust 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? ....................................................................................................... ^
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 arM 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 ILING RETURN DATE
ADDRESS g27 NI~ON DRIVE
MECH NICSBURC
IGNATURE OF
ADDRESS P.O. BOX 127 d'
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)J.
a. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. §9116(a){1.3)]. 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.
REV-1502 EX + (6-98)
SCHEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
REESE. RUDY E. 21 08 0016
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 orooertv which is jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1, 925 NIXON DRIVE 91,000.00
MONROE TOWNSHIP,MECHANICSBURG, PA
APPRAISED VALUE -SEE ATTACHED APPRAISAL
TOTAL (Also enter on line 1, Recapitulation) I $ 91,000.00
(If more space is needed, insert additional sheets of the same size)
REV-1508 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
REESE. RUDY E. 21 08 0016
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointlyowned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. MEMBERS 1ST FEDERAL CREDIT UNION 345.75
CHECKING ACCOUNT NO. 83-11
2. 11996 OLDSMOBILE CIERA AUTOMOBILE
KELLY BLUE BOOK VALUATION
3. (MEMBERS 1ST FEDERAL CREDIT UNION
SAVINGS ACCOUNT NO. 83-00
3,495.00
2,179.78
TOTAL (Also enter on line 5, Recapitulation) I $ 6,020.53
(If more space is needed, insert additional sheets of the same size)
REV-1509 EX+ (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE F
JOINTLY-OWNED PROPERTY
FILE NUMBER
REESE. RUDY E. 21 08 0016
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
A. JANET 11A. REESE
c
JOINTLY-OWNED PROPERTY:
927 NIXON DRIVE
MECHANICSBURG, PA
ADDRESS
RELATIONSHIP TO DECEDENT
EX-SPOUSE
ITEM
NUMBER LETTER
FOR JOINT
TENANT DATE
MADE
JOINT DESCRIPTION OF PROPERTY
INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR
IDENTIFYING NUMBER. ATTACH DEED FORJOINTLY-HELD REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET % OF
DECD'S
INTEREST DATE OF DEATH
VALUE OF
DECEDENT'S INTEREST
1. A. 6/1977 REAL ESTATE LOCATED AT 927 NIXON DRIVE 133,000.00 50. 66,500.00
MECHANICSBURG, PA
APPRAISED VALUE -SEE ATTACHED APPRAISAL
TOTAL (Also enter on line 6, Recapitulation) I $ 66, 500.00
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX ~~ (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE 1
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES. & LIENS
ESTATE OF FILE NUMBER
REESE RUDY E. 21 08 0016
Include unreimbursed medical expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. QUANTUM IMAGING 1,015.00
X-RAY
2. WEST SHORE EMS 1,584.59
AMBULANCE SERVICE FOR 10/16/07
PATIENT NUMBER 66413
3. WASTE MANAGEMENT 76.92
TRASH SERVICES
ACCOUNT NO. 3399100-0061-3
4. CENTER FOR KIDNEY DISEASE & HPERTENSION 421.68
DIALYSIS TREATEMENT
ACCOUNT NO. 852
5. CENTRAL PA PULMONARY ASSOC LLC 6,290.00
CRITICAL CARE MEDICAL SERVICES
ACCOUNT NO. REERUD0001
6. HOLY SPIRIT HOSPITAL 1,054.00
MEDICAL SERVICES
ACCOUNT NO. 30864326
7. PENNSYLVANIA GASTROENTEROLOGY CONSULTANT 230.00
INPATIENT CONSULT & HOSPITAL CARE
ACCOUNT NO. 114691
8. ERIE INSURANCE 114.00
AUTOMOBILE INSURANCE
POLICY NO. Q060408624
TOTAL (Also enter on line 10, Recapitulation) , $ 10,786.19
(If more space is needed, insert additional sheets of the same size)
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APPRAISAL OF REAL PROPERTY
LOCATED AT:
925 Nixon Drive
Deed Book 105 Page 1039
Mechanicsburg, PA 17055
FOR:
Estate of Rudy Reese
927 Nixon Drive, Mechanicsburg, PA 17055
AS OF:
November 18, 2007
BY:
Susan B. Burkholder
State Certified Residential Appraiser
This appraisal was completed to establish value for Inheritance Tax
Summary Format
Form GA1 -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Div~sifietl Appraisal Services
Uniform Residential Appraisal Report Fikk oa2208R925Nixon
The u ose of this summa a sisal re ort is to rovide the lender/client with an accurate, and atl uatel su orteQ o inion of the market value of the subject ro
Pro a Address 925 Nixon Drive Ci Mechanicsbur State PA Z Code 17055
Borrower n.a. Owner of Public Record Estate of R Reese Cou Cumberland
Le al DeSCd lion Deed Book 105 Pa a 1039
Assessor's Parcel # 22-24-0783-105 Tax Year 2008 R.E. Taxes $ 1 100.69
Nei hborhood Name n.a. Ma Reference 24-883 Census Tract 117
Occu ant Owner Tenant Vacant S ecial Assessments $ n.a. PUD HOA $ rear er month
" Pra Ri Ms A raised Fee Si a Leasehold Other describe
Assi nment T e Purchase Transactial Refinance Transaction Other describe To establish value for inheritance tax u oses.
Lender/Client Estate of Rud Reese Address 927 Nixon Drive Mechanicsbur PA 17055
is the sub ect roe curr offered for sale or has it been offered for sale in the twelve months for to the effectWe date of this a sisal? Yes Na
R ort data sources used, offeri dce s ,and dates . The sub'ect roe was not listed in the Central Penn MLS in the ast ear.
I ^ did ^ did not anaryze the cardract for sale far the subject purchase Vansaction. Explain the results of the anatysis of the contract for sale or wiry the anatysis was not
rformed. n.a.
Contract Price $ n.a. Date of Contract n.a. Is the roe seller the owner of ublic record? Yes Na Data Source 5 n.a.
Is there any financial assistance (loan charges, sale concessions, gill or downpayment assistance, etc.) to be paid by any parry on behatt of the borrower? ^ Yes ^ No
tt Yes, r pct the total daltar amount and describe the items to be aid. n.a.
Note: Race and the racial com osition of the nei h6orhood are not a sisal factors.
Nei htgrhood Characteristics One-Unit Housi Trends t)1te-Unit Present Land Use %
Location Urban Suburban Rural Pro Values Increasin Stable Declinin PRICE AGE One-Unit 70 %
_ Built-U Ovr~ 75% 25-75% Urxler 25%
Growth Ra id Stabk; Slow Demarxl/Su I Shorts a In Balance Over Su l
Marketin Time Under 3 mths 3-6 mths Over 6 mths $000 rs
90 Low New 2-4 Unit %
Multi-Fami %
Nei hborhood Boundaries The sub'ect ne' hborhood is bordered b Trindle Road York Street and Pa 600 Hi h 250 Commercial %
Tum ike. 150 Pred. 50 Other 30 %
Nei hborhood Descrl lion Established residential area with stable ownershi atterns within reasonable commutin distance to schools laces of
worshi , sho and trans ortation.
Market Conditions incbdin Su ort tOr the above Conclusions Marketin condition are pod. The avers a marketin time is three to sbc months.
t)imenslons irre uiar Area .86 acre Sha a Irre ular View Avers e
S eCific Zoru Classification R1 Suburban Residential Zonin Descd lion Existin use is ermitted in this zone.
Zortln Com fiance Le al L al Nonconformin Grantlfathered Use No Zonin III al describe
Is the hi hest and best use of subject ro as im oved or as c osed r tans and s ecittcations the resent use? Yes No If No, describe
Utgides PuWk Other(descrbe) Public Other(descrbe) Off-sitelmprovements-T Public PrNate
Electric' Water Street Macadam
Gas n.a. Sanita Sewer All None
FEMA S cial Flood Hazard Area Yes No FEMA Flood Zone C FEMA Ma # 420364 0010 C FEMA Ma Date 6-2-92
Are the utilities and off-site im rovements ical for the market area? Yes No If No, describe
Are there an adverse site condttions ar external factors easements, encroachments, environmental conditions, land uses, etc. ? ^ Yes ®No tt Yes, describe
General Deem Foundation Exterior De n>ateriats/eontltl~rtl Irior mat~l~ndili0n':
Units ~ One ^ One with Accesso Unit Concrete Slab ^ Crawl S ace Foundation Walls Conc blocWAv Fbars Hdwd/linoleum/Fair
# of Stories 1
T e Det. Alt S-DetJEnd Unit
Existi Pro sect Under Canst. Full Basement Partial Basement
Basement Area 1 008 s .tt.
Basement Flnish 0 % Exterior Walls Atum sidin /A
Roof Surtace Shi leslA
Gutters & Downs outs alum/Av Walls D IVA
TrinVFinish W oodlAv
Bath Fbor Cer file/A
Desi n S k Ranch
Year Built 1956
Effective A e rs 40 ors
Attic None Outside E /Exit Sum Pum
Evidence of Infestation
^ Da ness ^ Settlement
Head FNA HWBB Radiant Window T Dbl-bun A
Storm SasfJlnsulated Storms/Av
Screens Yes/A
Amenities Woodstove s # Bath Wainscot Cer file/Av
Car Stora a None
Drivewa # of Cars 1
Drivewa Surtace Macadam
Dro Stair Stairs Other Fuel Oil Fir laces # Fence Gara e # of Cars
Fbor Scuttle Coolin Central Air Conditionin Patic/Deck Porch Covered Ca ort # of Cars 1
^ Flnished ^ Heated ^ Ndividual ^ Other ^ Pocl ^ Other ®Att. ^ Det. Suitt-in
A fiances Refri eratar Ra e/Oven ^ Dishwasher ^ Dis osal ^ Microwave ^ Washer/D er Other describe
Flnished area above rode contains: 4 Rooms 2 Bedrooms 1 Baths 1 008 S uare Feet of Gross Livi Area Above Grade
. Additional features s fiat ever efficient ttems etc.. Two orches three sheds.
Descrtbe the condition of the ro inCludin needed re airs, deterioration, renovations, remodelin ,etc.. This home has not been u dated. The bathroom
and kitchen are or' final and have missin floor tiles and missin doors in the cabinets. There is eeli aint on the exterior of the home.
pre there an h sical deficiencies or adverse conditions that affect the livabili ,soundness, or structural iM ri of the roe ? Yes No tt Yes, describe
Does the roe eneral conform to the nei hborhood tunctlonal affil' , s le, condition, use, construction, etc. ? Yes No tt No, descdbe
Freddie Mac Fonn 70 March 2005 Page 1 of 6 tanrne Mae rorrn ~uu4 march zuvo
Form 1004 - TOTAL for Windows• appraisal software by a la mode, inc. -1-800-ALAMODE
Uniform Residential Appraisal Report File# oa2208R925Ni~ron
There are 0 co arable ro ertie5 cunent offered for sale in the sub ect nei hborhood ran in in rice from $ 0 to $ 0
There are 3 co arable sales in the sub' nei hbortrood within the ast twelve rrroMhs rani in sale rice from $ 105 500 to $ 129 900
FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 925 Nixon Drive
Mechanicsbu PA 17055 908 Nixon Drive
Mechanicsbur 66 Sunset Drive
Mechanicsbur 16 S. George Street
Mechanicsbur
Pro>arti to Sub'ect 0.05 miles 5.28 miles 0.68 miles
Safe PdCe $ n.a. $ 129,9001 $ 107 000 $ 105 500
Sale Price/C~oss Liv. Area $ s .tt. $ 111.41 s .tt. - $ 92.88 s .ft. $ 141.80 s .tt.
Data Sources Courthouse Courthouse Courthouse
Verification Sources MLs MLS MLS
VALUE ADJUSTMENTS DESCRPTION DESCRIPTION + - $ AdUstment DESCRIPTION + - $ Ad'usfitent DESCRIPTION + - $ Ad' stment
Sales or Fnancing ~ None known
Concessions ~__ Conventonal None known
Conventional None known
Conventional
Date of SaleTme 3-23-07 8-15-07 5-30-07
Location Avera a Similar Similar Similar
LeasehokVFee Si Ie Fee Sim Ie Fee Sim le Fee Sim ie Fee Sim le
Site .86 acre .48 acre +1 900 .28 acre +1 400 .14 acre +3 600
Yew Avera a Similar Similar Similar
Deli n S le Ranch Ranch Ranch Ranch
Ouali of ConsWction Alum sidin Alum/Stone -2 000 Vin sidin Alum sidi
Actual A e 52 ears 49 ors 35 ears 59 ors
Condition Fair to a Su erar -26 000 Su erbr -21 400 Similar -21 100
Above Grade iota) Bdrms. Batlu Total Bdrms. BaMS Total Bdrms. Baths Total Bdrms. Baths
Room Count 4 2 1 6 2 1 -4 000 6 3 1 -4 000 4 2 1
Gross Livi Area 1 008 s .tt. 1 166 s .h. -4 700 1 152 s .tt. -4 300 744 s .tt. +7 900
Basement & Rnished
Rooms Below Grade 1,006 Sq.Ft.
0 Full bsmt
None Full bsmt
None Full bsmt
None
Furtctionalllbli Avera a Similar Similar Similar
- Heatin CooGn Fha Oil Fha Oil Elec bsbd Fha Oil CA -5 000
,' Ener Etticierd hems None None None None
Gana eJCa ort 1-car ca ort 2-car are a -5 000 None +2 000 None +2 000
- PorcfVPatio/Deck 2 rohes Porch encl rh -2 000 Porch olio Porch shed
3 sheds None +3 000 None +3 000 None +3 000
• Net Ad'ustment otal I + - $ 38 800 + - $ 23 300 + - $ 9 600
Adjusted Sale Price 1' Net Ad}. 29.9 %
of Cam ambles 3ross Ad'. 37.4 %
$ 91 100 Nel Adj. 21.8 %
Gross Ad'. 33.7 %
$ 83 700 Net Adj. 9.1 %
Gross Ad'. 40.4 %
$ 95 900
- I did did not research the sale or transfer hlsto of the subject roe and com arable sales, tf not, ex lain
M research did did not reveal a riot sales or transfers of the subject roe for the three ears riot to the effective date of this a sisal.
Data Sources Assessment records
M research did did not reveal a riot sales or transfers of the com arable sales for the ear riot to the date o1 sale of the co arable sale.
Oata Sources Assessment records
R ort the results of the research and ana is of the riot sale or transfer histo of the sub ect roe and com table sales re ort additional riot sales on a e 3 .
ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3
Date of Prior Sale/Transier 5-25-94 6-30-06 4-9-01 2-17-84
Price of Prior SaieJTransfer $1.00 $12,000 $81 000 $44 000
Data Source 5 Courthouse Courthouse Courthouse Courthouse
Effective Date of Data Sources 4-08 4-OS 4-08 4-OS
Ana sls of riot sale or transfer histo of the subject ro and co arable sales No sale has taken lace in the ast three ears for the sub'ed ro e
or the com ambles in the ast ar.
Summa of Safes Co orison roach A 2 000 er room ad'ustment was made for the total number of rooms 2 000 er bath and 1 000 er half
bath.
A condition ad'ustment was made for the sales since the sub'ect was in fair to avers a condition and the com table sales in su erior condtion.
{ndicaled Value b Sales Com orison A roach $ 91 000
Indicated Value b :Sales Com rison Approach $ 91 000 Cost Approach (it develo d) S n.a. Incottre A proach (i1 develo ) $ n.a.
The Sales Com orison a roach bei considered the most accurate in artful at m final o inion of value. The Income a roach was not
considered since this is an owner occu led sin le Tamil dwellin .The Costa roach was considered to be unreliable since this is not new
• construction and ma be misleadi to the reader.
- This appraisal is made ®"as is", ^ subject to completion per plans and specifications on the basis of a hypothetical condition that the in~rovemerds have been
completed, ^ subject to the falbwing repairs or atteratians on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject to the
• followi r wired ins action based on ttte extraordina assum lion that the condition or deficient does not r wire alteration or re air: raised in current condition.
Based on a complete visual in on of the interior and extertor areas of the subject property, defined scope of work, statement of assumptions and limiting
conditions, and appraiser's iption, my (our) opinion of the market value, as defined, of the real property that rs the subject of this report is
$ 91,000 as of November 18 2007 which is the date of ins coon and the effective date of this sisal.
Freddie Mac Fonn 70 March 2005 Page 2 of 6 Fannie Mae Fonn 1004 March 2005
Form 1004 - "fOTAt for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Uniform Residential Aooraisal Report fikN oa2208R925Nixon
See addendum.
_ COSTAPPROACFiTOYALUE{notre wired Fann~Mae)
Provide ode wale information for the lender/client to re licate the bebw cost ti ures and calculations.
Su rt for the o inion of site value sunma of co rable land sales or other methods for estimaD site value Land value of 0000 was obtained from
assessment records. 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 cost data DWELLING S .Ft. @ $ _$
Oua' ratio from cost service EftecDve date of cost data S .Ft. $ _$
Comments on Cost A roach ross Irvin area calculations, de reciation, etc. _$
• Gara e/Car rt S .Ft. $
Total Estimate of Cost-New
Less Ph sical Functional External __.. _$
_..- _$
D reciation
eciated Cost off rovements .........-----_..........._ ............
"As-is' Value of Site Im rovemerds ._---_.......___-_........_ =$
.......... _$
_$
Estimated Remaini Econonuc Life HUD and VA on 20 Years INDICATED VALUE BY COST APPROACH _... _ =S
INCOME APPROACH 70 VALUE(not fled b Fannie Mee)
Estimated MoniM Madtet Rent $ X Gross Rent Mutti Iier = $ Indicated Value b Income A roach
Summa of Income A roach includin su ort far market rerd and GRM
_ _ PROJECT INF~tMATWN FOR PODS Crf tole)
IS the develo r/builder in control of the Homeowners' Association HOA ? Yes No Unit s Detached Attached
Provide the folbwin information Tor PUDs ONLY B the develo er/builder is in control of the HOA and the sub ect ro e is an attached dweNin unit.
Le al Name at Pro t
Total number of hoses 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 ro ect created b the carnersion at existi buildin s into a PUD? Yes No If Yes, date of conversion.
Does the ro ect contain a mulD-dwellin units? Yes No Data Source
Are the urdts, common elements, and recreation tacTdies com late? Yes No If No, describe the status of com letion.
Are the common elemerts teased to a b the Homeowners' Association? Yes No h Yes, descnbe the rental terms and o lions.
Describe common elements and recreational facilities.
Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005
Form 1IX14-'TOTAL for Windows" appraisal software by a la mode, Inc. -1.800-ALAMODE
Uniform Residential Appraisal Report F~7eA' oa2208R925Nixon
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 farm, including the fallowing 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 m 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 mast 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 specrfied 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 sates 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 6y 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 m 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 Forrn 70 March 2005 Page 4 of 6 ranme mae roan i uua marcn zuuo
Form 100A - TOTAL tar Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Uniform Residential Appraisal Report FdeB 042208R925Nixon
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, specfic terms. I identirfied and reported the physical deficiencies that could affect the
livability, soundness, or structural integrity of the property.
3. I pertormed 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 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. I 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 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. 1 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 pertormed in this
appraisal report. I certify that any individual so named is qualified to pertorm 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.
Freddie Mac Fonn 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. -1.800-ALAMODE
uniTOrm_rtesiaentiai appraisa~ Report File# 042208R925Nixon
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; government sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to
obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal
report may be disclosed or distributed to any other party (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, 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 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, Unted 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 ident'died in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to pertorm this appraisal, and is acceptable to pertorm this appraisal under the applicable state law.
4. This appraisal report complies with the Un'dorm 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 ~0_,,~~~, „
Name Susan $: eurknolder
Company Name Divers~ed Appraisal Services
Company Address 35 E. High Street Suite 101, Carlisle PA
17013
Telephone Number 717-249-2758
Email Address sue.burkholder(a~gmail.com
Date of Signature and Report April 22, 2008
Effective Date of Appraisal November 18, 2007
State Certification # RL-000859-L
or State License #
or Other (describe) State #
State PA
Expiration Date of Certification or License June 30, 2009
ADDRESS OF PROPERTY APPRAISED
925 Nixon Drive
Mechanicsburg, PA 17055
APPRAISED VALUE OF SUBJECT PROPERTY $ 91,000
LENDER/CLIENT
Name
Company Name Estate of Rudy Reese
Company Address 927 Nixon Drive, Mechanicsburg, PA 17055
Email Address
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
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
^ 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
Form 1004 -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Fannie Mae Form 1004 March 2005
Suloolemental Addendum r~iou,.
Borrower(CGent n.a.
Pro Address 925 Nixon Drive
Ci Mechanicsbur Coun Cumberland State PA Z Code 17055
Lender Estate of Rud Reese
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 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 old 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.
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.
This report has been electronically prepared and transmitted in compliance with USPAP guidelines which includes verification of
the complete transfer and delivery, digitally protected signatures and adequate security measures in place to protect data
transmitted by appraiser.
Privacy Notice
Pursuant to the Gramm-Leach-Billey Act of 1999, effective Juty 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 faalitate 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 ,~~ ~,d,~
Name Susan B. urkholder
Date Signed April 22, 2008
State Certification # RL-000659-L State
Or State License #
State
Signature
Name
Date Signed
State Cergfication #
Or State license #
State
State
Diversrfied Appraisal Services
Forth TADD2 -'TOTAL for Windows' appraisal software by a b mode, inc. -1.800-ALAMODE
Subject Photos
Borrower Client n.a.
Pro Address 925 Nixon Drive
Ci Mechanicsbur Cou Cumberland State PA L Code 17055
Lender Estate of Rud Reese
Subject Front
925 Nixon Drive
Subject Rear
Subject Street
Form PICPIX.TR -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Comparable Photo Paae
Borrower Client n.a.
Pro a Address 925 Ni~ron Drive
Ci Mechanicsbur Cou Cumberland State PA Z Code 17055
Lender Estate of Rud Reese
Comparable 1
908 Nixon Drive
Comparable 2
66 Sunset Drive
Comparable 3
16 S. George Street
Form PICPD(.BR -'TOTAL for Windows' appraisal software by a la mode, inc. - t-800-ALAMODE
`°
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1
Building Sketch (Page - 1)
Borrower Ckent n.a.
Pro a Address 925 Nixon Dr'rve
Ci Mechanicsbur Cou Cumberland State PA Z Code 17055
Lender Estate of Rud Reese
28.0'
28.0'
12.0'
28.0'
SKETCH CALCULATIONS
Al : 36.0 x 28.0 = 1008.0
A7
First Floor 1008.0
Total Living Area 1008.0
Farm SKT.BIdSkI -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
36.0' 12.0'
Location Map
Borrower CGeM n.a.
Pro Address 925 Nixon Drive
Ci Mechanicsbur Cou Cumberland State PA Z Code 17055
Lender Estate of Rud Reese
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Form MAP.LOC -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
APPRAISAL OF REAL PROPERTY
LOCATED AT:
927 Nixon Drive
Deed Book 27G Page 167
Mechanicsburg, PA 17055
FOR:
Estate of Rudy Reese
927 Nixon Drive, Mechanicsburg, PA 17055
AS OF:
November 18, 2007
BY:
Susan B. Burkholder
State Cert~ed Residential Appraiser
This appraisal was completed to establish value for Inheritance Tax
Summary Format
Form GA1 -'TOTAL Tor Windows' appraisal software by a la mode, inc. -1.800-ALAMODE
~~; ,==.
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Diversified Appraisal Services
Uniform Residential Appraisal Report File# oa2208r927 Nixon
The u ase of this summa a sisal re ort is to ravide the lender/client with an accurate, and ad uat su orted, o irwon of the market value of the sub ect roe
Pro Address 927 Nixon Drive Ci Mechanicsbur State PA Z Code 17055
Bonower n.a. Owner of Public RecoM Estate of Rud Reese Cou Cumberland
Le al Descd Lion Deed Book 27G Pa a 167
Assessor's Parcel # 22-24-0781-031 Tax Year 2008 R.E. Taxes $ 1 501.59
Nei hborhood Name n.a. Ma Reference 24-781 Census Tract 117
Occu ant Owner Tenant Vacant S ecial Assessments $ n.a. PUD HOA $ er ear r month
" Pro Ri hts A raised Fee Sim le Leasehold Other describe
Assi nment T e Purchase Transaction Refinance Transaction Other describe To establish value for inheritance tax ur oses.
Lender/Client Estate of Ru Reese Address 927 Nixon Drive Mechanicsbur PA 17055
Is the subject roe curve offered for sale or has tt been offered for sale in the twelve months nor to the effective date of this a sisal? Yes No
R ort data sources used, offed rice s ,and date S . The sub'ect roe was not listed in the Central Penn MLS in the ast ear.
I ^ did ^ did not anaryze the contract for sale for the subject purchase transaction. Explain the results of the anatysis of the contract for sale or why the anatysis was not
rtormed. n.a.
Contract Pdce $ n.a. Date of Contract n.a. Is the roe seller the owner of ublic record? Yes Na Data Sources n.a.
Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any parry on behalf of the bonower? ^ Yes ^ No
tt Yes, re ort the total dollar amount and descdbe the ttems to be aid. n.a.
Note: Race and the racial com osition of the nei hborhood are not ap roisal factors.
Nel hborllDOd Charactetstics Orce-Unit Hausa Trc~tds Orle-1~r{tf~CUSF ` Present Land Use
Location Urban Suburban Rural Pro Values Increasin Stable Declini PRICE AGE One-Unit 70 %
_ Buitt-U Over 75% 25-75% Under 25% Demarrd/Su I Shorta a In Balance Over Su I $ 000 rs 2-4 Unit %
Growth Ra id Stable Slow Marked Time Under 3 mths 3-6 mths Over 6 mths 90 Low New Mufti-Fami %
Nei htwrhood Boundaries The sub'ect ne' hborhood is bordered b Trindle Road York Street and Pa 600 Hi h 250 Commercial %
,' Tum ike. 150 Pred. 50 Other 30 %
• Nei hborhood Desch ti0n Established residential area whh stable ownershi atterns within reasonable commutin distance to schools (aces of
worshi sho in and trans ortation.
Market Conditions inCludin su ort for the above conclusions Marketin condftion are ood. The avers a marketin time is three to sbc months.
Dimensions Irre ular Area .72 acre Sha a Irre ular View Avers e
S ec~c Zorti Classification R1 Suburban Residential Zonin Descri lion Existin use is ermitted in this zone.
Zortin Com liance Le al L al Nonconformin Grandfathered Use No Zonin III al describe
Is the hi hest and best use of sub~ect roe as im roved or as ro osed er Ions and s ecitications the resent use? Yes No tt No, describe
Utilifies Public Other(descrfie) Publk Other(describe) Off-site lm rovemeMs-T Public Private
EleCfic ® Water Street Macadam
Gas n.a. Bonita Sewer All None
FEMA S cial Flood Hazard Area Yes Na FEMA flood Zone C FEMA Ma # 420364 0010 C FEMA Ma Date 6-2-92
Are the utilities and off-site im rovemerds ical for the market area? Yes No If No, descdbe
Are there an adverse site conditions or external factors easements, encroachments, environmental conditions, land uses, etc. ? Yes ®No tt Yes, describe
Genes Deacri Foundation Eittierior Desgf ion materi~Jcondition Interior /coodttion;,
Units ®One ^ One with Accesso Unit Concrete Slab ^ Crawl S ace foundation Walls Conc block/Av Fbors Hdwd/Lnolum/Fair
# of Stodes 2 Full Basement Partial Basement Exterior Walls Brick/Alum/Av Walls D aIVAv
T e Det. Aft S-DetJEnd Unit Basement Area 576 s .ft. Roof Surtace Shi leslAV TriMFlnish Wood/Av
Existi Pro osed Under Const. Basement Flnish 0 % Gutters 8 Downs outs Alum/A Bath Fbor Vin A
Desi n S le Slit level Outside En /Exit Sum Pum Window T e Dbl-hu A Bach Wainscot D IVA
Year Buitt 1955 Evidence of infestation Storm SasfVinsuiated Storms/Av Car Stora a None
Effective A e rs 25 ors ^ Da ness ^ Settlement Screens Yes/Av
® Ddvewa # of Cars 1
Attic None Heab FWA HWBB Radiant Amenities Woodstove s # Ddvewa Surtace Macadam
Oro Stair Stairs Other Fuel Oil Flre laces # Fence Gars e # of Cars 1
Fbor Scuttle Conlin Central Air Conditionin PaticdDeck Porch Covered Ca ort # of Cars
^ Flnished Heated ^ Individual ^ Other ^ Pool ^ Other ^ Att. ^ Det. ®Buitt-in
A fiances ®Refn erator ®Ran elOven ^ Dishwasher ^ Dis osal ^ Microwave ^ Washer/D er ^ Other describe
Flnished area above rode contains: 6 Rooms 3 Bedrooms 1.5 Baths 1548 S uare Feet of Gross Livin Area Above Grade
. Additional features s eciai a ettici~t items, etc.. Two orches two sheds.
Describe the condition of the ro includin needed re airs deterioration renovations remodelin ,etc.. The floor coved are considered to be in fair
condition wfth missin tiles in the famil room There is eelin aint on the trim on the exterior of the home.
Are there a sical deficiencies or adverse conditions that affect the livabili ,soundness, or structural int d of the roe ? Yes No tt Yes, descdbe
Does the roe enerol conform to the nei hborhood unctional utili , s le, condition, use, construction, etc. ? Yes No tt No, describe
Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Forth 1004 March 2005
Form 1004 -'TOTAL for Windows" appraisal software by a la mode, Inc. -1.800-ALAMODE
Uniform Residential Aooraisai Report ~~ ~77nR.077 ti:~.~
There are 0 co arable; ro ernes current offered for sale in the subject nei hbortwad rani in rice tram $ 0 to $ 0
There are 3 com arable sales in the subject nei hbonc~od within the ast twdve months ran in in sale rice from $ 143900 to $ 150 000
FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 927 Nixon Drive
Mechanicsbur PA 17055 4615 S. Clearview Drive
Cam HIII 9 Silver Spring Road
Mechanicsbur 109 Willow Mill Road
Mechanicsbur
Pro>am 10 SUb'eCt 4.25 miles 1.91 miles 2.26 miles
Sale Price $ n.a. $ 143 900 $ 150 000 $ 144 000
Sale PriceJGross Liv. Area S s ° n. $ 70.64 5 .tt . $ 115.03 s .tt. $ 103.37 s .ft.
Data Sources Courhtouse Courhtouse Courthouse
Vedfication Sources _MLS MLS MLS
VALUE ADJUSTMENTS ~ESCPIPTIOfJ _ I DESCRIPTION + - $ Ad'ustmerd DESCRIPTION + - $ Ad'ustment DESCRIPTION + - $ Ad'usirneM
Sales er Fnancing I ,None known
Concessions '____ 'Conventional None known
Conventional None known
Conventional
Date of Sale~me 7-3-07 8-18-06 9-27-06
Location Avera a Similar Similar Similar
LeasehokUFee Sim le Fee Sim le Fee Slm fe Fee Sim Ie Fee Sim le
Site .72 acre .17 acre +2 800 .34 acre +1 900 .42 acre +1 500
View Avera a Similar Similar Similar
Desi n S le Slit level Slit level S Id level Slit level
Ouali of Construction Brick/Alum Brick/Alum Brick/Alum Brick -5 000
Actual A e 53 ears 45 ears 48 ears 48 ors
Condition Fair to av Similar Su erior -15 000 Su rior -14 400
Above Grade Total Bdrms. Baths Total Bdrms. Baths ToW Bdrms. Baths Total Bdrms. Baths
Room Ccunt 6 3 1.5 8 4 1.5 -4 000 5 3 1.5 +2 000 5 2 1 +3 000
Gross Livf Area 1 548 S .ff. 2 037 S .tt. -14 800 1 304 s .ff. +7 300 1 393 5 .tt. +4 700
Basemertt & Fnislted
Roams Bebw Grade 576 Sq.Ft.
Fami room Partial bsmt
Fami room Full bsmt
None -3,000
+3 000 Crawlspace
None +3,000
+3 000
Functionallnil' Avera a Similar Similar Similar
. Heatin Conlin Fha Oil Hot wtr Oil Fha Oil CA -5 000 Fha Oil CA -5 009
,' Ener Efficient items None None None None
Gara e/Ca ort 1-car ara a None +3 000 1-car ara a 2-car ce ort
' PorcfVPatiolDeck 2 rohes Porch olio Porch +1 000 Porch Ir oroh -2 000
2 sheds None +2 000 None +2 000 Fr Ic shed
• Net Ad'ustment plat + - $ 11 000 + - $ 5 800 + - $ 11 209
Adjusted Sale Price
_ of Com arables Net Adj. 7.6 %
Gross Ad'. 18.5 %
$ 132,900 Net Adj. 3.9 %
Gross Ad'. 26.8 %
$ 144 200 Net Adj. 7.8 %
Gross Ad'. 28.9 %
$ 132 791
I did did not research the sale or transfer histo of the subject roe and com arable sales. If not, lain
M research did did not reveal a rior sales or transfers of the subject roe for the three ears rior to the effective date of this a sisal.
Data Sources Assessment records
M research did did not reveal an rior sales or transfers of the com arable sales for the ear dor to the date of sale of the com arable sale.
Data Sources Assessment records
Re art the results of the research and ana is of the rior sale or transfer histo of the subject roe and co arable sales re rt additional rtor sales on a e 3 .
ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3
Date of Prior SaleJTransfer 5-25-94 7-2-97 8-3-07 8-3-00
Price of Prior Sale~Transfer $1.00 $108 000 $140 000 $91 000
Data SOUrce 5 Courthouse Courthouse Courthouse Courhtouse
Effective Date of Data Sources 4-08 4-OS 4-08 4-08
Ana sis of rior sale or transfer hist of the subject rc and com arable sales No sale has taken lace in the ast three ears for the sub'ect ro ert
or the com arables in the ast ear.
Summa of Sales Com orison A mach A 2 000 er room ad'ustment was made for the total number of rooms 2 000 er bath and 1 000 er half
bath.
A conddion ad'ustment was made for the sales since the sub'ect was in fair to avera a condition and com arable sales 2 and 3 were in su erior
condition.
Indicated Value b Sales Com orison A roach $ 133 000
Indicated Value b :Sales Com rison A proach $ 133 000 Cost A roach (if developed) $ n.a. Income Approach (if developed) $ n.a.
The Sales Com orison a roach bein 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 fed sin le famil dwelli .The Costa roach was considered to be unreliable since this is not new
construction and ma be misleadin to the reader.
Ttris appraisal is made ®"as is", ^ subject to completion per plans and specifications on the basis of a hypothetical condition that tite improvements have been
completed, ^ subject to tfre folbwing repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject to the
• follawin r aired ins lion based on the extracrdirra assum tion that the condition or deficient does not r uire alteration or re ir: raised in current condtbn.
Based on a complete visual inspection of the irderior and exterior areas of the subject property defined scope of work, statement of assumptions and limiting
conditions, and appraiser's certrfigtion, my (our) opinion of the market value, as defined, of the real properly that is the subject of this report is
$ 133 000 as of November 18 2007 which is the date of ins coon and the effective date of this a sisal.
Freddie Mac Forrn 70 March 2005 Page 2 of 6 Fannie Mae Forrn 1004 March 2005
Form 1004 -'TOTAL for Windows' appraisal software by a la mode, Inc. -1-800-ALAMODE
Uniform Residential A~~raisal Report ra.Y na~~nu.ca~~ N~m~
See addendum.
COSTAPPAOACH70VALUE not aired Fannie Mae
Provide ode uate information for the lender/client to re licate the below cost fi ores and calculations.
Su rt for the o inion of site value sum of com cable land sales or other methods for estimad site value Land value of 0000 was obtained from
assessment records. 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 cost data DWELLING S .Ft. @ $ _$
Quaf cad from cost service Effective date of cost data S .Ft $ _$
Comments on Cost A roach cols livin area calculations, de reciation, etc. ____... _$
Gars e/Ca ort S .Ft. $ _$
Total Estimate of Cast-New _$
Less Ph sical Functional External
De reciation =$
De reciated Cost of Im rovements _..._._._.._._... _$
'As-is' Value of Site I rovements __..__._.__ _$
Estimated Remaini Econorrkc Life (HUD and VA on 35 Years INDICATEDVALUE BY COST APPROACH ._._____ ________________......._._....._. =5
INCOMEAPPftOACH70VALU E(not aired FannielWaej
Estimated Monthl Market Rent $ X Gross Rent Matti tier = $ Indicated Value b Income A roach
Summa of Income A roach mcludin su ort for market rent and GRM
PROJECT INFORMAT~N FOR PUDs (H feeble :
Is the deveb rlbuilder in comrol of the Homeowners' Association HOA ? Yes No Untt e s Detached Attached
Provide the talbwln inlannadon for PUDs ONLY it the develo er/builder is in conVol of the HOA and the sub ect roe is an attached dweiin unit.
L al Name of Pro' t
Total rwlmber of hales fatal number of units Total number of units sold
~
Total number of units rented Total number of units for sale Data source s
_
Was the ro ect created b the cornersion of e>osd buildin s into a PUD? Yes No If Yes, date m cornersion.
Does the ro ect comain a mold-dwellin units? Yes No Data Source
Are the urdts, common elements, and recreation facilities com late? Yes No If No, describe the status of com letion.
Are the cortvnon elements leased to or b the Homeowners' Association? Yes No Ii Yes, describe ttie rental terms and o tions.
Describe common elements and recreational facilities.
Freddie Mac Fonn 70 March 2005 Page 3 of 6 Fannie Mae Fonn 1004 March 2005
Fonn 1004 -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Uniform Residential Appraisal Report FIeN 042208rs27 Nixon
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, addtional 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) 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 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 welt 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 far 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 cast 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 far 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 pertormed in a professional manner.
Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Forth 1004 March 2005
Form 1004 -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Uniform Residential Appraisal Report Filex 042208x927 Nixon
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, 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 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. I 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 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 pertormance 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.
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. -1-800-AIAMODE
Uniform Residential Appraisal Report F~e#
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; government sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to
obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal
report may be disclosed or distributed to any other party (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 llniform 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 any one or more of these parties.
2A. 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 cert'rfies 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 cert'rfication.
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-contractor 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 8. Burkholder
Company Name Divers~ed Appraisal Services
Company Address 35 E High Street Suite 101 Carlisle PA 17013
Telephone Number 717-gas-2758
Email Address sue.burkholder(a~gmail.wm
Date of Signature and Report Aarii 22 Zoos
Effective Date of Appraisal November 18, 2007 _
State Certification # RL-000659-L
or State License #
or Other (describe) State #
State PA
Expiration Date of Certification or License June 3o zoos
ADDRESS OF PROPERTY APPRAISED
927 Nixon Drive
Mechanicsburg PA 17055
APPRAISED VALUE OF SUBJECT PROPERTY $ _133.000
LENDER/CLIENT
Name
Company Name Estate of Rudv Reese
Company Address 927 Nixon Drive Mechanicsburg, PA 17055
Email Address
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
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
^ Oid 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 Form 70 March 2005 Page 6 of 6
rannie mae roan i uuv marcn cwo
Form 1004 -'TOTAL for Windows" appraisal software by a la made, inc. -1-800-ALAMODE
Supplemental Addendum File No.042208r927 Nixon
Borrower/Cfient n.a.
Pro Address 927 Nixon Drive
C Mechanicsbur Cou Cumberland State PA Z Code 17055
Lender Estate of Rud Reese
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 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 old 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.
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.
This report has been electronically prepared and transmitted in compliance with USPAP guidelines which includes verification of
the complete transfer and delivery, digitally protected signatures and adequate security measures in place to protect data
transmitted by appraiser.
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 Gient
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.
Si naWre /, .~ . i
g ~~ ,,, 11 ~,,x,_
Name Susan B. gurkhokier
Date Signed April 22. 2008
State Certification # RL-000659-L State
Or State License # State
Signature
Name
Date Signetl
State Certification #
Or State License #
State
Slate
Diversified Appraisal Services
Fonn TADD2 -'TOTAL far Wintlows' appraisal software by a la mode, Inc. - t-800-ALAMODE
Location Map
Borrows Cfient n.a.
Pra Address 927 Nixon Drive
Ci Mechanicsbur Cou Cumberland State PA L Code 17055
lender Estate of Rud Reese
Form MAP.LOC -'TOTAL far Windows' appraisal software by a la mode, inc. -1-800-ALAMODE
Building Sketch (Page - 1)
Borrower Client n.a.
Pro a Address 927 Nixon Drive
C' ivlechanicsbur Cou Cumberland State PA Ti Code 17055
Lender Estate of Rud Reese
22.0'
8.0'
4.0' 24.0'
20.0' (Garage 120.0' First Floor 124.0'
11.0' 11.0' 24.0'
24.0'
24.0' Second Floor 24.0'
24.0'
SKETCH CALCULATIONS
A1:22.Ox4.0= 88.0
A2 : 46.0 x 4.0 = 184.0
,~ A3 : 35.0 x 20.0 = 700.0
First Flow 972.0
oa A4 : 24.0 x 24.0 = 576.0
Second Flow 576.0
Total Llving Area 1548.0
Form SKT.BIdSkI -'TOTAL for Windows' appraisal software by a la mode, inc. -1-B00-ALAMODE
Subject Photos
Borrower Cwem n.a.
Pro Address 927 Nixon Drive
Ci Mechanicsbur Cou Cumberland State PA L Code 17055
Lender Estate of Rud Reese
Subject Front
927 Nixon Drive
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Subject Rear
Subject Street
Form PICPD(.TR -'TOTAL for Windows' appraisal software by a la mode, inc. -1.800-ALAMODE
Comparable Photo Page
Borrower CNent n.a.
Pro Address 927 Nixon Drive
Ci Mechanicsbu Cou Cumberland State PA Z Code 17055
Lender Estate of Rud Reese
Comparable 1
4615 S. Clearview Drive
Comparable 2
9 Silver Spring Road
Comparable 3
109 Willow Mill Road
Farm PICPIX.BR -'TOTAL for Windows' appraisal software by a la mode, inc. -1 •BIXI•ALAMODE
MAT EYA LAW FIRM
A PROFESSIONAL CORPORATION
P.O. Box 127
Boiling Springs, Pa 17007
Phone 717-241-6500 Fax 717-241-3099
www.mateyalaw.com
June 27, 2008
Cumberland County Register of Wills
Cumberland County Courthouse
Hanover & High Streets
Carlisle PA 17013
Re: Estate of Rudy E. Reese
No. 21-08-0016
To Whom it May Concern,
Enclosed herewith, please find an original and two (2) copies of the Inheritance Tax
Return and Inventory along with the appropriate filing fee and payment for the above-referenced
matter. Please accept the original and one copy for filing and return the remaining time-stamped
copy to me in the enclosed self-addressed stamped envelope.
Thank you for your usual fine service. If you are in need of additional information or
have any questions, please contact my office. I may be reached at (717) 241-6500 or by e-mail at
mam~'~i'1 mateyalaw.com.
Sincerely,
~~•
Mark A. Mateya, Esq.
MAM/aa C7
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cc: Russell E. Reese, Admin. `l
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927 Nixon Drive ~ ` ~ `, c
Mechanicsburg PA 17055
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