HomeMy WebLinkAbout11-04-08 (3)
J 15056051047
REV-1500 EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue Coun Code Year File Number
Bureau of Individual Taxes INHERITANCE TAX RETURN w
PO BOX 280601 '
Harrisburg, PA 17128-0601 RESIDENT DECEDENT Jr ~~ ~~~~
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
Decedent's Last Name Suffix Decedent's First Name MI
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
FILL IN APPROPRIATE OVALS BELOW
~ 1. Original Return O
O 4. Limited Estate
i 6. Decedent Died Testate
(Attach Copy of Will)
O 9. Litigation Proceeds Received
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
2. Supplemental Return
O 4a. Future Interest Compromise (date of
death after 12-12-82)
O 7. Decedent Maintained a Living Trust
(Attach Copy of Trust)
O 10. Spousal Poverty Credit (date of death
between 12-31-91 and 1-1-95)
O 3. Remainder Return (date of death
prior to 12-13-82)
O 5. Federal Estate Tax Return Required
'~ ~' " 8. Total Number of Safe Deposit Boxes
O 11. Election to tax under Sec. 9113(A)
(Attach Sch. O)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0:
Name Daytime Telephone Number
Firm Name (If Applicable)
First line of address
~ ~v l ~' -- sue' ~~ t~~~~~= ~ ~~ ~
Second line of address
City or Post Office State
~~w~ ~~~~~fz L~,~~ ~i~
Correspondent's a-mail address
ZIP Code
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 d complete. Declaration of prep other than the personal representative is based on all information of which preparer has any knowledge.
SIG U SO ESPON LE F FILING RETURN DATE
SIGNATU F PA~ER O~/~,,~~R THAN
~~ .C... (~t~
~;~~c
HU t55 '
PLEASE USE ORIGINAL FORM ONLY
L 15056051047
Side 1
15056051047 J
REV-1500 EX
Decedent's Name: ~. ~ "
RECAPITULATION
],5056052048
Decedent's Social Security Number
~
1. Real estate (Schedule A) . ............................................ 1. ~~~ f1 U ~ "'
2. Stocks and Bonds (Schedule B) ....................................... 2. ~ ~ ~~~/
3. Closely Held Corporation, Partnership or Sole-Proprietorship {Schedule C) ..... 3. •
4. Mortgages & Notes Receivable (Schedule D) ............................. 4. •
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ........ 5. `~ 'Z. Q ~'?i•
6. Jointly Owned Property (Schedule F) O Separate Billing Requested ....... 6
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) p Separate Billing Requested........ 7
8. Total Gross Assets (total Lines 1-7) .................................... 8.
9. Funeral Expenses & Administrative Costs (Schedule H) ..................... 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ................ 10.
11. Total Deductions (total Lines 9 & 10) ................................... 11.
12. Net Value of Estate (Line 8 minus Line 11) .............................. 12.
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
f ~~ 2-3 / •
,~ ~ ~ ~~,
an election to tax has not been made (Schedule J) ................... ..... 13.
14.
Net Value Subject to Tax (Line 12 minus Line 13) ...................
..... 14. ./, ,/~~ /
~ ~j ~ C%~ L~.
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2) X .0_ 15.
16. Amount of Line 14 taxable ~
t li
l
t
X
01~y
~'~v
16
a
nea
ra
e
.
~~ ~ .
17. Amount of Line 14 taxable
at sibling rate X .12 17.
18. Amount of Line 14 taxable
at collateral rate X .15 18. •
19. TAX DUE .........................................................19
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
`~~ p~
~~
15056052048
Side 2
~~ ~ S
Ca
15056052048
REV-1500 EX Page 3 File Number ""~ 9~
Z-/'-l~ - ~%~ ~
Decedent's Complete Address:
DECEDENT'S NAME
_ __„
ST ET ADDRESS
,~"
-,a _ L~ v- ~~~ - '~-- -- ---
CITY
STATE ~ '~ ZIP
~~ ,r~~~c~ /ysy
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments ~'/ ~-~~1 _
C. Discount ~ ~ `~
(1) ~~~,3 d"~
Total Credits (A + B + C) (2)
3. Interest/Penalty if applicable
D. Interest
E. Penalty
-- _ _ __
Total Interes Penalty (D + E )
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Fill in oval on Page 2, Line 20 to request a refund.
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3)
(4)
(5A)
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 : ............................................ ^
c. retain a reversionary interest; or .......................................................................................................................... ^
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? .............................................................................................................. ^
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. ^
4. Did decedent owr~ an Individual Retirement Account, annuity, or other non-probate properly which
contains a beneficiary tlesignation? ........................................................................................................................ ~ ^
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three (3) percent [72 P.S. §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 zero (0) percent
(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 zero (0) percent [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 four and one-half (4.5) percent, 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 twelve (12'~ percent [72 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-1502 EX+ (6-98)
SCHEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
All real property ow ed 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 etween a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real property which is Jointly-owned with right of survivorship must be disclosed on Schedule F.
(If more space is needed, insert additional sheets of the same size)
RSV-1503 EX+ (6-98)
Y
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF FILE NUMBER
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION VALUE AT DATE
OF DEATH
~ . ~~~G ~.S ~~/%_ ski ~~/ ~~i~k
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~ ~~ks -~~ ~i~~i~i~,~~ C' i~ds~rs ~ s~: y~ s~-r~ g~~
~-~~_~-~~~c%~ ~ ~ ~~s~s~ ~ ~s~~ z~ 97~
~rc.~a G~Ii/~ /~~ ~ /.~~~/s~~ ~3I,s~~.~i J ~7~3
/~ ~ ~ir~~~-~ _ ~~~~'~%~ fir? </~ ~~: ~~s~-.s- G i3 ~~~fr~ ~9, ~~~
TOTAL (Also enter on line 2, Recapitulation) I $ ~ ~~~'
(If more space is needed, insert additional sheets of the same size)
REV-1508 EX ~ (1-971 ,
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTArE OF
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
-~ i i x „~
Include the proceed~of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
lam) ..: ~' ~ 7; .c's"j ~~rc-G~,~/~~ C /~(Git~ . n l ~d f.~ ~~~~ ~''~ ~ `f
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tli~~ki~?~l~r~ ~'=~ ..~~s %~a Lr~y
30'
TOTAL (Also enter on line 5, Recapitulation) I $ ~rh ?i, ~ /7r
(If more space is needed, insert additional sheets of the same size)
REV-15f° EX ~ (1-97) ~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
OF
SCHEDULE G
INTER-VIVOS TRANSFERS 8~
MISC. NON-PROBATE PROPERTY
FILE NUMBER
This schedule nSust be completed and filed if 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 OF TRANSFER.
ATTACH A COPY OF THE DEED FOR REAL ESTATE .
DATE OF DEATH
VALUE OF ASSET % OF
DECD'S
INTEREST
EXCLUSION
iFAPPUCAaLe
TAXABLE VALUE
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-~~ _ ~ _
:~st~
'~~ G~li~ls"IC'~/f ~ i/.5~~~~'~~~
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TOTAL (Also enter on line 7, Recapitulation) ~ $ ~~~ `, j ~
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX+ (10-06)
°~ ~ ~ SCHEDULE H ,~~~.,3
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES &
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTAT OF FILE NUMBER
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
,. S-~,,~,.~.= ~i~-r.~,'i~~y~~~.d~=r~i~~ ~~or~~.~~~-"~c< <;w,~rrp~-j~l.,~~/,~, ~'/~ ~=5'3~`
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s) _
Street Address
City State _ Zip ___
Year(s) Commission Paid:
2. Attorney Fees
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City State _ Zip _ _ _
Relationship of Claimant to Decedent
4. Probate Fees G, i57`~ X~ C y °' r
_.
5. Accountant's Fees - ~v~j~/~\ . ~ ~~ ~~~ ~~
6. Tax Return Preparer's Fees _ 1c%fJN /~ • ~j ~
~~~~- ~~~2 /`'/f -rl~ ~ try `/ ~f/
TOTAL (Also enter on line 9, Recapitulation) $ ~~.~i/ y~~ ~
(If more space is needed, insert additional sheets of the same size) ~
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~~G~G~~il~ ~ ~> ~ ~F ? --d~~
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REV-1513 EX+ (9-00)
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA I BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTAzE OF
FILE NUMBER
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
~
~
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ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 TH ROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(If more space is needed, insert additional sheets of the same size)
Mark Heckman Real Estate Appraisers
1309 Bridge Street, New Cumberland, PA 17070
me rvo.
APPRAISAL OF
Single Family Residential Property
LOCATED AT:
502 Park Avenue
New Cumberland, PA 17070
FOR:
Estate of Beverly Semoff
C!o Chris Semoff, 1018 Swarthmore Road
New Cumberland, PA 17070
BORROWER:
Not Applicable
AS OF:
February 21, 2008
BY:
Gina M Distefano,PACert.Resd.Appraiser
Mark Heckman Real Estate Appraisers
Phone:717-774-7202 Fax:717-774-0383 EMAIL heckmanappraisers@comcast.net
Mark Heckman Real Estate Appraisers
Prooertv Deserlotion UNIFORM RESIDENTIAL APPRAISAL REPORT
Pro a Address 502 Park Avenue Ci New Cumberland state PA V ZvCode 17070
Le al Desai lion Deed Book Volume: 0036E Pa e: 00878 Coun Cumberland
Assessors Parcel No. 26-24-0811-160 Tax Year 07108 R.E. Taxes $ 2 510.00 S ecial Assessments $ None Kwn
Bonower Not livable Current Owner Beverl J. Semoff Occu ant: X Owner Tenant Vacant
„ Pro e r hts a raised X Fee Sim le Leasehold Pro'ect T e ~ PUD Condominium HUDNA onl HOA$ N/A lMo.
Nei hborhood or Pro ect Name Drexel HIIIS Ma Reference See Assessor's Parcel # Census Tract 107
Sale Price $ N/A Date of Sale N/A Desai tion and $ amount of loan cha eslconcessions to be id b seller N/A
LenderlClient Estate of Beverl Semoff Address C/o Chris Semoff 1018 Swarthmore Road New Cumberland PA 17070
A raiser Gina M Distefano,PACert.Resd.A raiser Address 1309 Brid E; Street New Cumberland PA 17070
Location Urban X Suburban Rural
Built up ^ Over 75% X 25-75% Under 25%
^ ^
Growth rate ^ Rapid X^ Stable ^ Slow Predominant
occupancy
X^ Owner Single family housing
PRICE AGE
,; type) iy„ i
110 Low 20 Present land use %
o
One family 80 /o
2~4 family 3% Land use change
X^ Not likely ^ Likely
^ In process
Property values ^ Increasing X^ Stable ^ Declining ^ Tenant 275 Hi h 80+ Mum-fatuity 2% To:
Demand/supply ^ Shortage X^ hba~oe ^ Oversupply X^ Vamnt(66%) Predominant Commercial 5%
MarkeGn time Under 3 mos. X 3-6 mos. Over 6 mos. vamm awr sx 150-200 40-60 Vacant 10%
Note: Race and the racial composklon of the neighborhood are not appraisal factors.
Neighborhood boundaries and characteristics: The subject property is located in the Borou h of New Cumberland. The sub'ect nei hborhood is
bounded b :Route 83 to the west Brandt Avenue to the north and east and Beacon Hill Drive to the south.
• Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.):
Market activit indicates avers a or better acre lance in the market lace. This suburban nei hborhood has most ublic utilities
" available relativel eas access to em to ment and services and is com etitive with other nei hborhoods in the eneral area. Most
have similar amenities.
Market conditions in the subject neighborhood (including support for the above conclusions related to the Vend of property values, demand/suppy, and marketing time
- -such as data on competitive properties far sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.):
See Attached Addendum
Project Information for PUDs (If applicable) - - Is the developerlbuilder in control of the Home Owners' Association (HOA)? YES NO
Approximate total number of units in the subject project Approximate rota) number of units for sale in the subject project
Describe common elements and recreational facilities:
Dimensbns See L al Descri lion Topography BaSicall Level
Site area .21 Acre Comer Lot Yes X No
Specific zoning classification and description
Zoning compliance X^ Legal ^ Legal nonconfomiiig (Grarxlfathered use) Illegal - No zoning
Hi hest 8 best use as im oved: X Present use Other use ex lain S¢e T ical/Area
Shape RBCtan ular
Drainage A ears Ade uate
View Avera e
Utilltles Public Other Off-ska Improvements Type Public Private
Electricity ^X 100 AMPS Street Asphalt _ X^ ^
Gas ^ Curb/gutter Concrete _ X^ ^
Water X^ Sidewalk Concrete X^ ^
Sanitary sewer X^ Street lights Standard _ X^ ^
Storm sewer X Alle
Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal no
a arent adverse easements encroachments or other adverse conditions on this site. Landscaping Avera e
Driveway Surface As halt
Apparent easements None Observed
FEMA Speaal Flood Hazard Area Yes X No
FEMA Zone Map Date
FEMA Ma No.
nconforming zoning, use, etc.): There are n0
GENERAL DESCRIPTION
No. of Units 1
No. of Stories 1
Type (Del./Att.) Detached
Design (Style) Ranch
Existing/Proposed Existin
Age (Yrs.) 53+/-
Effective a Yrs. 20 EXTERIOR DESCRIPTION
Foundation ConcBlCk/Av
Exterior Walls Brick/Av
Roof Surface ArchitShin G.
Gutters 8 Dwnspts. Metal/Av
Window Type CSmnWG
StormlSaeens Dblelnsul/Yes
Manufactured House No FOUNDATION
Slab 10
CraM Spaoe 0
Basement 90
Sump Pump None
Dampness None Noted
Settlement None Noted
Intestatbn None Noted BASEMENT
Area Sq.Ft. 1242
% Finished 80
Ceiling Dro Panel
Walls Ton Ue/Gr0
Floor Tile
Outside Entry No INSULATION
Roof ^
Ceiling ^
Walls ^
Floor ^
None ^
unk~n X^
ROOMS Fo er Livin Dinin Kitchen Den Famil Rm. Rec. Rm. Bedrooms # Baths Laund Ofher Area S .Ft.
Basement Game 1 .5 1 1242
Level t 1 1 1 3 2 Off 1 682
• Level2 0
• 368
Finished area above rode contains: 6 Rooms; 3 Bedroom s ; 2 Bath s ; 1 682 S uare Feet of Gross Livin Area
INTERIOR MaterialslCondition
Floors Cr Win/Wd/AA HEATING
Type HtWtr KITCHEN EQUIP.
Refrigerator ^ ATTIC
None ^ AMENITIES
Fireplace(s)#1 X^ CAR STORAGE:
None ^
` Walls Plas/Pan(AA Fuel Oil Range/Oven X^ Stairs ^ Patio ^ Garage # of cers
Trimlfinish Wood/AA Condi6onAve Disposal ^ Drop Stair ^ Deck ^ Attached
Bath Floor Cr UAA
Bath Wainscot CerTile/AVe COOLING
Central Yes Dishwasher X^
FanlHood X^ Scuttle X^
Fbor ^ Porch Front X^
Fence Metal X^ Detached
Built-In
Doors HollowCOrelAve Other Microwave ^ Heated ^ Pool ^ Carport
ConditbnA Washer/ er Fnished Drivewa 1
Additional features (special energy efficient items, etc.): See Attached Addendum
Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction remodeling/additions, etc.: This house
has less than t ical h sisal de reciation due to ood r ular maintenance. No unusual external inade uacies were observed.
•
Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the
immediate vicinity of the subject property: No adverse environmental conditions were observed in the im rovements on the site on in the
immediate vicini of the sub'ect ro ert .
reea~a rnac ran, N e-sa PAGE 1 OF 2 F,nm. acre ra,n ]ooa s-x,
PmS,mO wing ACI aoRware, 000 2318]]1 xwx.etiveb.wen
Mark Heckman Real Estate Appraisers
Valuation seatlnn UNIFORM RESIDENTIAL APPRAISAr_ REPORT
ESTIMATED SITE VALUE . . . . . . ..... . . . ......... . _ $
ESTIMATED REPRODUCTION COST•NEW OF IMPROVEMENTS:
Dwelling 1,682 Sq. Ft. ~ $ _ $
Bsmt. 1242 Sq. Ft. ~ $ =
0
0 Comments on Cost Approach (such as, source of cost estimate,
site value, square toot calculation and for HUD, VA and FmHA, the
estimated remaining economic life of the property):
In view of the a e of these im rovements the Cost
• = a roach cannot be considered an accurate indicator of
GaragelCarport 0 Sq. Ft. ~ $ = 0 value.
• Total Estimated Cost New , , , , , , , , , , , , , , , , _ $ 0
Less Physical Functional EMernal Est. Remaining Econ. Lde:
Depredation = $ 0
Depredated Value of Improvements , , , , , , , , , , , ,,, , , ,,, _ $ 0
"AS-is" Value of Site Improvements , , , , , , , , , , , , , , , ,,,, _ $
INDICATED VALUE BY COST APPROACH _ $ 0
ITEM SUBJECT COMPARABLE N0. 1 COMPARABLE N0.2 COMPARABLE N0.3
502 Park Avenue
Address New Cumberland 517 Geary Avenue
New Cumberland 721 Hilltop Drive
New Cumberland 1047 Swarthmore Road
New Cumberland
Proximi to Sub'ed .41 Mile Southeast .41 Southeast .42 Mile Southwest
Sales Price $ N/A $ 184 000 $ 200 000 $ 191 500
Prica/Gross Liv. Area $ 0.00 ~ $ 120.73 ~ $ 134.05 7J $ 114.12 D
Data andlor
verircation Sources Inspection Assessment Records 8a MLS
Assessment Records Assessment Records
MLS Assessment Records &MLS
Assessment Records
VALUEADJUST)uENfS DESCRIPTION DESCRIPTION . - sa eem~,r DESCRIPTION 't->SrauMmenr DESCRIPTION .l- sna smart
sales or Finandng
Concessions N/A Conventional
None Known Conventional
None Known Conventional
None Known
DateoiSale/Time N/A 5/18/2007 1/31/2008 6/25/2007
Location Suburb/Good Suburb/Good Suburb/Good Suburb/Good
t.easetwldlFee Fee Sim le Fee Sim le Fee Sim le Fee Sim le
Site .21 Acre .14 Acre .40 Acre .18 Acre
view Avera a Avera a Avera a Avera e
DesinandA eal Ranch/Avera a Ranch/Avera a Ranch/Avera a Ranch/Avera e
ofCorswction Avera a Avera a Avera a Avera e
A e 53 Years 47+/- Years 47+/- Years 51+/- Years
Conditbn Above Avera a Good -8 000 Above Avera a Above Avera e
Above Grade rar ' edrme ' aena raei ' etrme ' aenu raei ; aem.e ; e.uxi r~ ' same ' eeme
Room Count 40.00 6~ 3~ 2.00 7~ 3~ 2.00' fig 4~ 2.00; 7~ 3~ 2.00;
Gross Livi Area 1 682 S .Ft. 1 524 S .Ft. ~ 6 300 1 492 S .Ft. ~ 7 600 1 678 S .Ft. ~ 0
• BasementBFrtished
Rooms Bebw Grade Full Basement
Rec/Game/Powd Full Basement
Unfinished
+8 000 Full Basement
Den/Powder Full Basement
None +8 000
- Functonal Utir Avera a Avera a Avera a Avera e
Heatin ICoolin Oil HtWtr/C/Air Oil HtWtrlC/Air GasHtWtr/C/Air ~ GasFWA/C/Air
• E EtTicientttems Standard Standard Standard Standard
tiara elCar ort Off Street On Street +2 000 2 Car Att Gar -8 000 1 Car Att Gar -4 000
Porch, Patio, Deck,
Fire la s ,etc. Porch/Patio
1 Fire lace Porch/Patio
1 Fire lace Multi Lev Decks ~
1 Fire lace Porch/Patio
1 Fire lace
Fence, Pool, etc. Fence None +2 000 None +2 000 Fence
Other Lar a Shed None +2 000 None +2 000 None +2 000
Net Ad'. total X + ' $ 12 300 X + ' $ 3 600 X + ' $ 6 000
Adjusted Sales Pdce Gross: 15.4% Gross: 9.8% Gross: 7.3%
of Com arable Net: 6.7% $ 196 300 Net: 1.8% $ 203 600 Net: 3.1% $ 197 500
Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc. ): After a thorOU h search of all available market
data the four sales used are considered to be the best indicators of value. In order to find com arable sates it was necessa to use
less recent sales. ro riate ad'ustments have been made for all differences. All four sales are considered to be reliable indicators of
value and are wei hted similar) in the final reconciliation. Coco arable sales used are all closed sales.
ITEM SUBJECT COMPARABLE N0. 1 COMPARABLE N0.2 COMPARABLE NO. 3
Date, Price and Data No prior sale No prior sale No prior sale No prior sale
Source for prior sales other than above other than above other than above
within of LSaI for the ast 3 rs within the art ear. within the art ear. within the art ear.
Anaysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales oisubjed and comparables within one year of the date of appraisal:
Accordin to records rovided b the count assessment office the sub'ect ro art has not transferred in the art 3 ears.
INDICATED VALUE BY SALES COMPARISON APPROACH , . , , , , , , , , .. , . _ . $ 200,000
.....................................
INDICATED VALUE BY INCOME APPROACH Ii liable Estimated Market Rent $ Mb. x Closs Rent Mu 'tier -
This appraisal is made X "as is" subject to the repair, aReraOOru, inspedans or condifions fisted Bebw subject to complelan per plans aril spedrrations.
Conditions of Appraisal: See Attached Addendum
Final Recondliatbn: See Attached Addendum
•
The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certificatbn, contingent
and limiting conditions, and market value definition that are stated b the attached Freddie Mac Fonn 439IFannie Mae Forrn 11'NYtB (Revised ).
I MIE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF Fetirua 21, 2008
• (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE S OO 000
APPRAISER._:._ /,J //'7_ SUPERVI IS R (O I ):
Signature a~7 ~/~~ Sgnature ~-•"-~Btd ^Did Not
Na~M Distefano, Cert.Res .Appraiser Name M k W. Heckman, General Appraiser InspedProperty
Data Report Signed 10/08/2008 Date Re ort Si ned 10!08/2008
State Cert~catbn # RL-138991 State PA State Certification # PA Cert. No. GA-000666-L State PA
Or State License # State Or State License # State
,nw rwm rv o-ae F'ACit 2 OF 2 Fannie Mee Form 700d 893
Proeune uNp ACI aMwre. ~0.]31.e)]] evw.arnwe.mm
Mark Heckman Real Estate Appraisers
Mark Heckman Real Estate Appraisers
Suool•mental Valuation sa,~rr~~ UNIFORM RESIDENTIAL APPRAISAL REPORT
ITEM SUBJECT COMPARABLE N0. 4 COMPARABLE N0. 5 COMPARABLE N0.6
502 Park Avenue
Address New Cumberland 533 7th Street
New Cumberland
Proximi to Sub~ect .19 Mile South
Sales Price $ N/A $ 200 000 $ $
PdcelGross Liv. Area $ 0.00 m $ 123.76 ~ $ ~ $ ¢]
Data and/or
Verfication Sources Inspection Assessment Records &
Assessment Records MLS
VALUEADJUSTMFIJTS DESCRIPTION DESCRIPTION *(-)SAduatnem DESCRIPTION +(-)Sod amx,R DESCRIPTION
(-) s ndiaaanenr
Sales or Finanrang
Concessions N/A Conventional
Closin Costs
-6,500
Date of SalelTime WA 9/5/2007
Loratbn Suburb/Good Suburb/Good
LeasetnldlFee Fee Sim le Fee Sim le
Site .21 Acre .25 Acre
View Avera a Avera e
Des' n and sal RanchlAvera a RanchlAvera e
ofCorstucOon Avera a Avera e
A e 53 Years 48+/- Years
Cond'Rion Above Avera a Avera a +g 000
Above Grade rwi ' aanv ' e.ma twat ; eerma ' soma rwai ' soma ' soma raai ; ea~a ' soma
Room Count 6~ 3~ 2.00 6~ 3~ 1.50 ; +4,000
f
- Gross Livin Area 1 682 S .Ft. 1 616 S .Ft. ~ 2 600 S .Ft. ~ S .Ft.
• BasementBFnished
Rooms Below Grade Full Basement
Rec/Game/Powd Full Basement
RecRm/Powder
Fundanal Utili Avera a Avera e
Heatin ICoolin Oil HtWtr/C/Air Oil HtWtr/ClAir
E EtTideM Items Standard Standard
tiara e!C ort Off Street 2 Car Att Gar -8 000
Porch, Patio, Deck,
Fire la s ,etc. Porch/Patio
1 Fire lace Cov Patio
2 Fire laces +2,000
-2 000
Fence, Pool, etc. Fence Sauna
Other Lar a Shed None +2 000
Net Ad'. total X + ; $ 2 100 X + ' $ 0 X + ' $ 0
Adjusted Sales Price
of Com arable Gross: 17.5%
Net: 1.1 % $
202 100 Gross: 0.0%
Net: 0.0% $
0 Gross: 0.0%
Net: 0.0% $ 0
Comments on Sales Comparison (inGuding the subject property's compatibility to the neighborhood, etc. ):
ITEM SUBJECT COMPARABLE N0.4 COMPARABLE N0. 5 COMPARABLE N0.6
Date, Price and Data No prior sale No prior sale
souse for prior sales other than above
within or 'sal for the ast 3 rs within the ast ear.
Analysis of any current agreement of sale, option, or listing of the subject property and anatysis of any prior sales of subject and compaables within one yea of the date of appraisal:
a,m,.na,nnq nci aom,.a, mo:n+.a~n .~ww..dw.e.o>m
ennFUni rnn
Borrower: Not Applicable File No.: 502Park
Property Address: 502 Park Avenue Case No.:
City: New Cumbedand State: PA Zip: 17070
Lender: Estate of Beverly Semoff
Neighborhood Market Conditions
Market conditions in the subject neighborhood property have been favorable in recent years due to consistently low
mortgage interest rates. Housing values have appreciated at a moderate rate as a result. The market appears now to be
stabilizing and while housing prices on a national basis are said to be declining in, the Central PA market area in general has
not seen this type of depreciation. However, the market in this area is slowed in that residential dwellings are being
marketed for longer periods of time but as of this time, typically less than 120 days. Appraisers have also encountered more
sellers concessions/assistance than in recent years. If interest rates stay at a moderate level and the local economy remains
the same, home prices should continue to remain stable. The opinion of value stated in this appraisal is based upon market
conditions present as of the effective date of the appraisal.
Additional Features
Architectural Shingle roof. New kitchen counters, sink and pergo floor. Built in cupboards, angled bay with window seat,
crown molding and chair rail in dining room. Hardwood floors under carpets. Laundry chute in bathroom. Whsle house fan.
Dry bar, built ins and tongue and groove paneling in basement.
Conditions of Appraisal
This appraisal report has been prepared with the property in "as is" condition as of the date of death of the owner. THe actual
inspection date is 1 0/0 112 0 0 8. The appraiser considered only those items that were permanently attached to the property as
realty. Any items not so affixed, such as refrigerators, washers, dryers, above ground swimming pools, etc., were not
included in the estimate of the market value. The subject property was vacant at the time of inspection; however, utilities
were on and mechanicals were functional.
Final Reconciliation
THE APPRAISER HEREBY CERTIFIES THAT THIS REPORT HAS BEEN PREPARED IN COMPLIANCE WITHIN THE
UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE (USPAP), THAT THE APPRAISER IS A
DISINTERESTED PARTY ANO THAT THE VALUE STATED IN THIS REPORT IS ACCURATE TO BEST OF THE
APPRAISER'S ABILITY, AND THIS VALUE HAS NOT BEEN PREDETERMINED.
This appraisal assumes a reasonable marketing period for the subject properly of four months. The Income Approach is
inappropriate because few single family houses are rented in this market. In view of the age of these improvements, the
Cost approach cannot be considered an accurate indicator of value.
See attached appraiser's certification and Statement of Limiting Conditions. This appraisal is based on readily observable
conditions and is not to be considered as a thorough home inspection to analyze or warrant the subject property and/or its
mechanical systems.
The value stated in this report is retrospective value from February 21, 2008. This report makes the extraordinary
assumption that the properly was in average or better condition with no substantial deferred maintenance, and that it was
completely habitable. The actual date of inspection was October 1, 2008.
Addendum Page 1 of 7
Fiie No. 502Park
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market
under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not
affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from
seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised,
and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment
is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal
consideration for the property sold unaffected by special or creative financing or sales concessions' granted by anyone associated with the
sale.
'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for
those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the
seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property
by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any
adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any
adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's judgment.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the
following conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The
appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised
on the basis of it being under responsible ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is
included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data
sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the
appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination.
4~ The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific
arrangements to do so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their
contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and
are invalid 'rf they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous
wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal
research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden
or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic
substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no
guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the
appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment
of the property.
7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she
considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such
items that were furnished by other parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional
Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,
repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the
appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to
any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the
mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally
approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia;
except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s)
without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before
the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media.
Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 10048 6-93
File No. 502Park
APPRAISERS CERTIFICATION: The Appraiser cerffies and agrees that:
1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate
to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the
market reaction to those items of significant variation. If a significant item in a comparable property is superior to , or more favorable than,
the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a
comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted
sales price of the comparable.
2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the
appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my
knowledge, that all statements and information in the appraisal report are true and correct.
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject
only to the contingent and limiting conddions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal
interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the
estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the
prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the
subject property.
5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my
compensation for performing this appraisal is contingent on the appraised value of the property.
6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party,
the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my
compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a
speck valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal,
with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable
time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the
marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliatan section.
8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables
in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the
subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these
adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented
about the effect of the adverse conditions on the marketability of the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on
significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal
report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal
report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in
the report; therefore, 'rf an unauthorized change is made to the appraisal report, I will take no responsibility for it.
This appraisal is based on readily observable conditions and is not to be considered as a thorough home inspection to analyze
or warrant the subject property and/or its mechanical systems.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies
and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the
statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking
full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 502 Park Avenue, New Cumberland. PA 17070
APPRAISER: SUPERVISORY APPRAISER (only if required)
Signature: GYr~` /~/ ~
Name: Gina Distefano.PA ert.Res praiser
Date Signed: 1 010 8/2 00 8
State Certification #: RL-138991
or State License #:
Signature: ~~~~!~!!-,D'C- (,li~s^"'"~~".-~'
Name: Marc W. Heckman. General Appraiser
Date Signed: 10/08!2008
State Cert~cetion #: PA Cert. No. GA-000666-L
or State License #:
State: PA State: PA
Expiration Date of Certification or License: 06130!09 Expiration Date of Cert~cation or License: 06/30/09
X^ Did ^ Did Not Inspect Property
Mark Heckman Real Estate Appraisers
Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93
Borrower Not A licable File No. 502Park
Pro Address 502 Park Avenue
Ci New Cumberland Coun Cumberland State PA zi Code 17070
Lender Estate of Beverl Semoff
APPRAISAL AND REPORT IDENTIFICATION
This Appraisal Report is one of the following types:
^ Self Contained (A written report prepared under Standards Rule 2-2(a), pursuant to the Scope of Work, as disclosed elsewhere in this report.)
Q Summary (A written report prepared under Standards Rule 2.2(b), pursuant to the Scope of Work, as disclosed elsewhere in this report.)
^ Restricted Use (A written report prepared under Standards Rule 2.2(c), pursuant to the Scope of Work, as disclosed elsewhere in this report,
restricted to the stated intended use by the specified client or intended user.)
Comments on Standards Rule 2-3
I certify that, to the hest of my knowledge and belief:
• The statements of fad contained in this report are true and correct.
• The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting wnditions, and are my personal, impartial, and
unbiased professional analyses, opinions and conclusions.
• I have no (or the specified) present or prospective interest in the property that is the subject of this report, and no (or the specified) personal interest with
respell to the parties involved.
• I have no bias with respell to the property that is the subject of this report or the parties involved with this assignment.
• My engagement in this assignment was not contingent upon developing or reporting predetermined results.
• My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value w direction in value that
favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related
to the intended use of this appraisal.
• My anayses, opinions and contusions were devebped and this report has been prepared, in conformity with the Uniform Standards of Professional
Appraisal Practice.
• I have (or have not) made a personal inspection of the property that is the subject of this report.
• No one provided signficent real property appraisal assistance to the person signing this certficetion. (If there are exceptions, the name of each individual
providing significant real property appraisal assistance is stated elsewhere in this report.)
Comments on Appraisal and Report Identification
Note any USPAP related issues requiring disclosure and any State mandated requirements:
Clarification of Intended Use and Intended User:
The Intended User of this a raisal re ort is the Lender/Client. The Intended Use is to evaluate the ro rt that is the sub'ect of this
a raisal fora rivate use and NOT a mort a e finance transaction sub'ect to the stated Sco a of Work ur ose of the a raisal
re ortin r uirements of this a raisal re ort form and Definition of Market Value. No additional Intended Users are identified b the
a raiser.
APPRAISER:
Signature: C
Name: Gina'Tvl Distefano,PACert.Resd`Rppraiser
Date Signed: 10/08/2008
State Certification #: RL-138991
or State License #:
State:
Expiration Date of Certification or License
Effective Date of Appraisal: February 21, 2008
SUPERVISOR PPRAISER (only iflre~qu~ire
Signature: [ ~:~~;~''
Name: Mafk W. Heckman, General Appraiser
Date Signed: 10/08/2008
State Certfication #: PA Cert. No. GA-000666-L
w State License #:
State: PA
Expiration Date of Certification or License:
Supervisay Appraiser inspection of Subject Property:
^ Did Not ^ Ex[erbr-only from street ^ Interior and Exterior
Roma w.y nci.w.o.. eoo.~sa.erzr ww..oww.~
ma,oG
DIMENSION LIST ADDENDUM
City: New Cumberland State: PA Zip: 17070
GROSS BUILDING AREA (GBA) 2,924
GROSS LIVING AREA (GLA) 1,682
Area(s) Area %ofGBA
Living 1,682 57.52
Leven 1,682 57.52
Level2 0 0.00
Level3 0 0.00
Omer 368 12.59
Basement 1,242 42.48
Garage 0 0.00
Area Measurements Area Type
Measurements Factor Total Levell Level2 Level3 Other Bsmt. Garage
42• f0 x 25.00 x 1_00 = 1.050.00 Q ^ ^ ^ ^ D
16.00 x 12.0o x~= 192.00 [I O D O ^ O
22.00 x 20.00 x 1.00 = 440.00 ^ a
~ ^ Q a O
37.00 X 1 s.oo x 1_00. 592.00 D O ^ O x^ O
-~ x~ x~= 650.Oa ^ o ^ o a D
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FLOORPLAN
Borrower: Not Applicable file No.: 502Park
Property Address:502 Park Avenue Case No.:
City: New Cumberland State: PA Zip: 17070
Lender: Estate of Beverl Semoff
r zoa
Patb i ^
az
a
42.0'
One Bbry on SWO .
za.a Orie Sbry over Basemen[
a
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ketch by Apex IV WindowsTM
-- Pordr
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- e.a
Code AREA CALCULATIONS SUMMARY
DescAptlon Slze
Totals
OLAl First Floor 1682.00 1682.00
HBMT Basement 1242.00 1242.00
P/P Porch 108.00
Porch 260.00 368.00
TOTAL LIVABLE (rounded) 1682
LIVING AREA BREAKDOWN
Breakdown Subtotals
First Floor
25.0 x 42.0 1050.00
12.0 x 16.0 192.00
20.0 x 22.0 440.00
3 Areas Total (rounded) 1682
sue-~t~ i rrcurtrc i t rnu i u ~auutrvvum
Borrower: Not Applicable File No.: 502Park
Property Address: 502 Park Avenue Case No.:
City: New Cumberland State: PA Zip: 17070
Lender: Estate of Beverl Semoff
Mani "=.
eis~e
w+
~ss~e% i
.`
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: February 21, 2008
Appraised Value: $ 200,000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Borrower: Not Applicable File No.: 502Park
Property Address: 502 Park Avenue Case No.:
City: New Cumberland State: PA Zip: 17070
Lender: Estate of Beverl Semoff
Borrower: Not Applicable File No.: 502Park
Property Address: 502 Park Avenue Case No.:
City: New Cumberland State: PA Zip: 17070
Lender: Estate of Bever! Semoff
COMPARABLE SALE #1
517 Geary Avenue
New Cumberland
Sale Date: 5/18/2007
Sale Price: $ 184,000
COMPARABLE SALE #2
721 Hilltop Drive
New Cumberland
Sale Date: 1/31/2008
Sale Price: $ 200,000
~.~mrarwo~~ rrcvr~rc i r rnv i v t+vucrvvum
COMPARABLE SALE #3
1047 Swarthmore Road
New Cumberland
Sale Date: 6/25!2007
Sale Price: $ 191,500
Borrower: Not Applicable File No.: 502Park
Property Address: 502 Park Avenue Case No.:
City: New Cumberland State: PA Zip: 17070
Lender: Estate of Beverl Semoff
COMPARABLE SALE #4
533 7th Street
New Cumberland
Sale Date: 9/5/2007
Sale Price: $ 200,000
COMPARABLE SALE #5
Sale Date:
Sale Price: $
COMPARABLE SALE #6
Sale Date:
Sale Price: $
uumrArwes~t rrcurtrc i t rnv i u Huvenvum
PLAT MAP
LOCATION MAP
Borrower Not Applicable File No.: 502Park
Property Address: 502 Park Avenue Case No.:
City: New Cumberland State: PA Zip: 17070
Lender: Estate of Beverl Semoff
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LAST WILL AND TESTAMENT
OF
BEVERLY J. SEMOFF
I, BEVERLY J. SEMOFF, of New Cumberland, Cumberland County,
Pennsylvania, being of sound mind, memory and understanding, do
make and publish this, my Last Will and Testament, hereby;.
revoking all wills and codicils by me at any time heretofore '
made. _
ITEM 1: I direct my Co-Executors hereinafter named, to pay
the expenses of my last illness and funeral expenses from the
property passing under this Will as an expense and cost of
administering my estate.
ITEM 2: All expenses of administering my estate and all
inheritance, estate and succession taxes, including interest and
penalties payable by reason of my death, which may be assessed or
imposed with respect to my estate, or any part thereof,
wheresoever situate, whether or not passing under my Will,
including the taxable value of all policies of insurance on my
life and of all transfers, powers, rights or interests includible
in my estate for the purposes of such taxes and duties, shall be
paid out of my residuary estate as an expense of administering
and with apportionment, and shall not be prorated or charged
against any other gifts in this Will or against property not
passing under this Will.
i
~ }
ITEM 3: In the event that, at the time of my death, I am
joint owner, co-owner, or owner of any real estate, bank account,
government bond, security or instrument of indebtedness (whether
issued by a private corporation, a government, a governmental
agency, or an individual} or any similar property which is
registered or issued in my name and that of another person or
persons as tenants by the entirety or as joint tenants with right
of survivorship, or which is shown in writing to be payable to
either the co-owner or named survivor on my death, I give,
bequeath, and devise, absolutely and forever, all my right, title
and interest in any such property to the surviving joint owner or
co-owner thereof or to the other survivor apparently entitled
thereto upon my death. It is my understanding that my right,
title and interest in any such property will, by operation of law
upon my death, vest or pass to such surviving joint owner or co-
owner thereof or to the other survivors apparently entitled
thereto. Nevertheless, I make these provisions in order to
eliminate any doubt or question as to the right of any such
surviving joint owner or co-owner or other person apparently
entitled thereto to succeed -co full possession and ownersi~ip of
such property upon my death, and to provide for the possible
contingency of an ineffective attempt to create a joint tenancy
or estate by the entirety.
~~
- 2 o f 3 ~='' "~"'" -
i~
ITEM 4: I give, devise and bequeath unto my beloved sons,
EVAN M. SEMOFF, III and CHRISTOPHER V. SEMOFF, in equal shares,
the rest, residue and remainder of my estate, real, personal a.nd
mixed, whatsoever nature and kind and wheresoever situate.
ITEM 5: In the event that one of my sons predeceases the
other, then I give, devise and bequeath that son's share to my
surviving son z:~:.?~~ ~~ ,ti ;
_ =,'
ITEM 6: In the event any beneficiary and I die under such
circumstances that the order of our deaths cannot be established
by proof, it shall be conclusively determined for all purposes of
this Will that I survived the beneficiary.
ITEM 7: I hereby nominate, constitute and appoint my sons,
EVAN M. SEMOFF, III and CHRISTOPHER V. SEMOFF', of New Cumberland,
Pennsylvania, to be my Co-Executors of this my Last Will and
Testament.
`f~i
IN WITNESS WHEREOF, I have signed this Will on this ~ ~
day of 195. For identification I have
signed he foregoi g two {2) pages of this Wi11 which consists of
three (3) pages.
c~ ~---~
~STATRI
f/p:Wills\Semoff.Wil
SIGNED, sealed, published and. declared by BEVERLY J. SEMOFF,
the above-named Testatrix, as and for her Last Will and
Testament, in the presence of us, who, at her request, in her
presence and in the presence of each other, have hereunto
subscribed our names as witnesses.
Y._ 1,~ ~`.,. ~ ~/'~..._ Residence CCIJ-f r,.. ;-~ t.; -. ~ ~ ~> >~~ r -~ `
r , ~i ~ ~.,~.te~t {,.,~~~~ ~~~`~- 1
f ;
1 ii ~ ~t.~.~~ ~:~ Yi. ~l. t ~ t. ~ (,,1.~-~ {-~ ~" ReSldenCP_ ~ ~tit.i',-' ~ S, l' ,~ }f 4 l ~ +r ~ 1t 1 j ,'`t I ,.
1 ~, L.
ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA
SS.
COUNTY OF DAUPHIN
~~.!% ~ `'day of ~ ~..; ,a., i -; 1895, bef^re
On this, the ,,t;:~. ,, _ <~.(~ _~~~- -~;~' ,
,:
~'
me, a Notary Public, the undersigned officer, personally appeared
BEVERLY J. SEMOFF, known to me for satisfactorily proven) to be
the person whose name is subscribed to the attached or foregoing
instrument, acknowledged that she signed and executed the
instrument as her Last Will; that she signed it willingly; and
that she signed it as her free and voluntary act for the purpc?ses
therein expressed,
IN WITNESS WHEREOF, I hereunto set my hand and official
seal.
r , ~ ~ ,
~.;~ c r r ~ 1;~ ~ ; ,r;,
,.
Notary Public
NQIAt~IAi.. SFAL
E~AF~BAI~A E. PAlMEt~, Nritasy Public
~larrisht~r~, pau~jhin County
My CnmmisSinn Expires May 17,1997
AFFIDAVIT
COMMONWEALTH OF PENNSYLVANIA
SS.
COUNTY OF DAUPHIN f
We ;< f ;tr'~ 1} L I,~,'__lt i` - ,"~ ~- r~~- - and 1111 ~)s'.,.1~1~ i 4 ~ 'j, ~! ~r'`'~~'ii r'i,_, t:7e
witnesses whose names are subscribed to the attached or foregoing
instrument, being duly qualified according to law, do depose and
say that we were present and saw the Testatrix sign and execute
the instrument as her Last Wili; that she signed it willingly and
that she executed it as her free and voluntary act far the
purposes therein expressed; that each of us in the hearing and
sight of the Testatrix signed the Will as witnesses; and that to
the best of our knowledge the Testatrix was at that time 18 or
more years of age, of sound mind and under no constraint or undue
influence . ~ ;,r}
1 ~~
J WITNF/SS
< <;,, ;~-
~ 4 , i- ~ ii.,i ,~ f~^, / ~.. ~
' WITNE S
SWORN and subscribed to
before, me, this ;,;';: ~'"'• day
Of ,i'? r.;.:{.:!.a , 1995.
-;
----. Notary Public
NOTARIAL 5FA1_
BARBARA L. PAI.MER, Notary Public
Harrisburg, Dauphin County
My Commission Cxpires May 17,1997