HomeMy WebLinkAbout11-19-08J REV-1500Ex(D6-05)
PA Department of Revenue
Bureau of Individual Taxes
PO BOX 280601
Hanisburg, PA 17128-0601
15056051058
OFFICIAL USE ONLY
C~ou~nty~Coda Year ~, File Number _
IN RESIDENITEDECEDENTRN I C7`( I ~ (J~l' 0 D S
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
~ 01/02/2008
Decedent's Last Name Suffix
STEEPEN _..----------- ---------- SR -----.i
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix
- ~ _
_-_ ___-____-________--____--___-_---___-~ L___=~
Spouse's Social Security Number
Date of Birth _
107/2 925
Decedent's First Name ~ M~~I
CARSON-------------- ~ iL_J
Spouse's First Name MI
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
~ REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
C'>D 1. Original Retum O 2. Supplemental Retum O 3. Remainder Return (date of death
prior to 12-13-82)
O 4. Limited Estate O 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Retum Required
death after 12-12-82)
m 6. Decedent Died Testate O 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy df Trust)
O 9. Litigation Proceeds Received O 10. Spousal Poverty Credit (date of death O 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0:
Name Daytime Telephone Number
I ----- ---- ~ r -- ~
HAROLD S IRWIN III ESQ ((717) 243-6090 c~
Firrn Name (If Applicable)
IRWIN LAW OFFICE
First line of address
i---- - - -- --------- ---- -- -- ---_...~------------- --------
64 SOUTH PITT STREET
Second line of address
City or Post Office
i CARLISLE
I-------------- ------ ---
State ZIP Code
REGISTER OF WILLS lJ$~ ONLY
- - ~`1
-:_
,,
~ .: C ~
. ' =:v
..7~
DATE FILED
PA 17013
Correspondent's a-mail address: IIWinIaWOffle~9i18iI.COm
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the Gast of my knowledge and belief
it is true, correct and complete. DecJaJation of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNATURE OF PERSON S NSI E FOR FILING RETURN pq~
~C~ ~ . lI l~-C1~
ADDRES~7 _~
Side 1
15056051058 15056051058
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15056052059
REV-1500 EX Decedent's Social Security Number
CARSON M STEEPEN
'
s Name:
Decedent
RECAPITULATION _ ___ _____
1. Real estate (Schedule A) ...........................................
~
.. 1.
55,000.00
2. Stocks and Bonds (Schedule B) ..................................... .. 2.i
F
- 0.00
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ... .. 3. 0.00
4.
9 9 ( ) ...........................
Mort a es & Notes Receivable Schedule D 4.
.. 0.00
5. Cash, Bank Deposits 8 Miscellaneous Personal Properly (Schedule E) ...... .. 5. 3,730.79
6. Jointly Owned Property (Schedule F) O Separate Billing Requested ..... .. 6. 0.00
7. Inter-Vvos Transfers 8~ Miscellaneous Non-Probate Property
00
0
(Schedule G) Q Separate Billing Requested...... .. 7. .
8. Total Gross Assets (total Lines 1-7) .................................. .. 8. 58,730.79
9. Funeral Expenses & Administrative Costs (Schedule H) ................... .. 9. 15,937.17
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule 1) .............. .. 10. 19,912.79
11. Total Deductions (total Lines 9 ZI< 10) ................................. .. 11. 35,849.96
12. Net Yalue of Estate {tine 8 minus Line 11) ............................ .. 12. 22,880.83
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made (Schedule J) ...................... .. 13. 0.00
14. Net Va{ue Subject to Tax (Line 12 minus Line 13) ...................... .. 14. 22,880.83
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of line 14 taxable
at the spousal tax rate, or
-...
.-__ _.._....._ _._.... _._ . ____.
transfers under Sec. 9116 0
00 ! 15 0
00
(a)(1.2) x .~_ .
~ . .
16. Amount of Line 14 taxable
at lineal rate X.045 ~
22,830.83;
16.
1,029.64
17. Amount of Line 14 taxable
0
00
0
00
at sibling rate X .12 .
' 17. .
18. Amount of Line 14 taxable
0
00,
00
0
at collateral rate X .15 . 18 .
19. TAX DUE ................ .............. ... 19. ~T 1,029.64
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O
15056052059 Side 2
15056052059
REV-1500 EX Page 3
Decedent's Complete Address:
i r
~~
DECEDENT'S NAME DECEDENTS SOCIAL SECURITY NUMBER
CARSON M STEEPEN
STREET ADDRESS
132 MARKET STREET
CITY STATE ZIP
NEW GUMBERLAND PA 17070
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19) (1) 1,029.64
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
Total Credits (A + B + C) (2)
3. Interest/Penalty if applicable
D. Interest
E. Penalty Total Interest/Penalty (D + E) (3)
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 2l1 to request a refund. (4}
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 1,029.64
A. Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 1,029.64
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 :.....:......................................................................... ............ ^
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 fife of either payments, benefits or care? ..............................:........................... ............
2. ff death occurred after December 12,1982, did decedent transfer property within one year of death
without receiving adequate consideration? .................................................................................................. ............ ^
3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? .. ............ ^ 0
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.
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)j.
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)J. 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 + (12-85)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
CARSON M. STEEPEN, SR.
SCHEDULE A
REAL ESTATE
FILE NUMBER
2008 - 00052
(Property jointly-owned with Right of Survivorship must be disclosed on Schedule F) All real estate should be reported at fair market value
which 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.
~ ~ ~m I UtSI;KIF' I IUN I VALUE AT DATE
NUMBER OF DEATH
HOUSE AND LOT AT 132 MARKET STREET, NEW CUMBERLAND, PA 17070
Value based on appraisal attached at Exhibit "B"
(Also enter on Line 1, Recapitulation)
(If more space is needed, insert additional sheets of same size.)
$ 55,000.00
REV-1503 EX + (4-86)
COMMONWEALTH OF PENNSYLVANIA I SCHEDULE B
INHERITANCE TAX RETURN STOCKS AND BONDS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
CARSON M. STEEPEN, SR. 2008 - 00052
(If more space is needed, insert additional sheets of same size.)
REV-1504 EX + (3-92)
COMMONWEALTH OF PENNSYLVANIA SCHEDULE C
INHERITANCE TAX RETURN CLOSELY HELD STOCK
RESIDENT DECEDENT
PARTNERSHIP AND PROPRIETORSHIP
ESTATE OF FILE NUMBER
CARSON M. STEEPEN, SR. 2008 - 00052
(If mops space is needed, insert additional sheets of same size.)
REV-1507 EX + (6-86)
COMMONWEALTH OF PENNSYLVANIA SCHEDULE D
INHERITANCE TAX RETURN MORTGAGES AND NOTES
RESIDENT DECEDENT
RECEIVABLE
ESTATE OF FILE NUMBER
CARSON M. STEEPEN, SR. 2008 - 00052
All rope 'ointl -owned with Ri ht of Survivorship must be disclosed on Schedule F.)
ITEM DESCRIPTION VALUE AT DATE
NUMBER OF DEATH
NONE
enter on Line 4,
(If morn space is needed, insert additional sheets of same size.)
REV-1508 EX + (2-87)
SCHEDULE E
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS AND
INHERITANCE TAX RETURN MISCELLANEOUS
RESIDENT DECEDENT
PERSONAL PROPERTY
t~ ini t ur riLt numestK
CARSON M. STEEPEN, SR. 2008 - 00052
(All roe 'ointl -owned with Ri ht of Survivorship must be disclosed on Schedule F.)
ITEM DESCRIPTION VALUE AT DATE
NUMBER OF DEATH
1. MISCELLANEOUS USED FURNITURE AND HOUSEHOLD ITEMS $ 500.00
2. PNC BANK 1,592.97
Checking Account No. 5140061676
Value based on bank statement attached as Exhibit "C"
3. JOHN HANCOCK FUNDS 1,637.82
Account No. 21-6145918
Value based on statement attached at Exhibit "D"
TOTAL (Also enter on Line 5, Recapitulation) ~ $ 3,730 79
(If mon; space is needed, insert additional sheets of same size.)
REV-1509 EX + (12-88)
COMMONWEALTH OF PENNSYLVANIA I SCHEDULE F
INHERITANCE TAX RETURN JOINTLY-OWNED PROPERTY
RESIDENT DECEDENT
CARSON M. STEEPEN, SR.
2008 - 00052
NAME ~ ADDRESS ~ RELATIONSHIP TO DECEDENT
A.
B.
C
Jointly-owned property:
ITEM
NO. LETTER
FOR
JOINT
TENANT DATE
MADE
JOINT DESCRIPTION OF PROPERTY TOTAL
VALUE
OF ASSET DECD'S
% INT. DOLLAR
VALUE OF
DECEDENT'S
INTEREST
NONE
TOTAL (Also enter on Line 6, Recapitulation) ~ NONE
(If more space is needed, insert additional sheets of same size.)
REV-1510 EX + (2-87)
COMMONWEALTH OF PENNSYLVANIA I SCHEDULE G
INHERITANCE TAX RETURN TRANSFERS
RESIDENT DECEDENT
ESTATE OF
CARSON M. STEEPEN, SR.
2008 - 00052
THIS SCHEDULE MUST BE COMPLETED AND FILED IF THE ANSWER TO ANY OF THE QUESTIONS ON THE REVERSE SIDE OF THE COVER SHEET IS YES.
ITEM
NUMBER DESCRIPTION OF PROPERTY
Include name of the transferee, theirre/ationship to decedent, date oftrans/er EXCLUSION TOTAL
VALUE
OF ASSET DECD.'S
% OF INT. DOLLAR
VALUE OF
DECEDENT'S
INTEREST
NONE
TOTAL (Also enter on Line 7, Recapitulation) ~ NONE
(If more space is needed, insert additional sheets of same size.)
REV-1511 EX + (7-88)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES,
ADMINISTRATIVE COSTS AND
MISCELLANEOUS EXPENSES
CARSON M. STEEPEN, SR.
FILE NUMBER
2008 - 00052
ITEM
NUMBER DESCRIPTION AMOUNT
A. Funeral Expenses:
1. PARTHEMORE FUNERAL HOME 7,435.92
2.
3.
4.
B. Administrative Costs:
1. Personal Representative Commissions:
Social Security Number of Personal Representative::
Year Commissions Paid:
2. Attorney Fees: IRWIN LAW OFFICE 3,500.00
3. Family Exemption:
Claimant Relationship
Address of Claimant at decedent's death:
Street Address
City State Zip Code
4• Probate Fees: REGISTER OF WILLS 194.00
C. Miscellaneous Expenses:
1 • REGISTER OF WILLS -Fite Inventory and Appraisement 30.00
2. PNC BANK -Costs to refinance real estate to pay estate debts 4,300.25
3. STATE FARM INSURANCE -Homeowners Insurance Premium 477.0
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
TOTAL (Also enter on Line 9, Recapitulation) $ 15,937.17
(If more space is needed, insert additional sheets of same size.)
REV-1512 EX + (1-93)
SCHEDULEI
COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT,
INHERITANCE TAX RETURN MORTGAGES LIABILITIES AND LIENS
RESIDENT DECEDENT ~
.~.~~ ,.~
CARSON M. STEEPEN, SR. 2008 - 00052
ITEM DESCRIPTION AMOUNT
NUMBER
1. ALLSTATE INSURANCE -Past Due Premium 19.50
2. CAPITAL ONE -Outstanding Account 17,337.75
3. COOKING CLUB OF AMERICA -Outstanding Account 62.43
4. NORTHSTAR TELECOM -Outstanding Account 80.14
5. PNC -Line of Credit Account 447.02
6. PPBL -Utility Bill 76.56
7. PUBLISHERS CLEARING HOUSE -Outstanding Account 96.53
8. RAYMOND C. GRANDON, MD -Medical Bill 59.70
9. WEST SHORE EMS -Medical Bill 830.86
TOTAL (Also enter on Line 10, Recapitulation) I S 19.427.79
(If more space is needed, insert additional sheets of same size.)
REV-1513 EX + (2-87)
COMMONWEALTH OF PENNSYLVANIA I SCHEDULE J
INHERITANCE TAX RETURN 11 BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
CARSON M. STEEPEN, SR. 200$ - 00052
ITEM
NUMBER NAME AND ADDRESS OF BENEFICIARY RELATIONSHIP AMOUNT OR
SHARE OF ESTATE
A. Taxable Bequests:
1• CARSON M. STEEPEN JR. Son House 8~ 50% Residue
132 Market Street
New Cumberland, PA 17070
2• KITTY J. MICHAELS Daughter 50% Residue
586 Lime Kiln Road
Newport, PA 17074
(ff more space is needed, insert additional sheets of same size.)
EXHIBIT `A'
., r
LAST W/LL AND TESTAMENT
1, CARSON M. STEEPEN, of 132 Market Street, New Cumberland, Cumberland
County, Pennsylvania 17070, do hereby make, publish and declare this to be my last
will and testament, hereby revoking all wills heretofore made by me.
1. I direct my personal representative to pay all of my debts, funeral and
administrative expenses as soon as convenient after my decease. I direct that all
inheritance taxes imposed or payable by reason of my death and interest and penalties
thereon with respect to all property, whether or not such property passes under this Will,
shall be paid by my personal representative out of my estate.
2. I authorize and empower my personal representative to sell any realty
andJor personalty owned by me at my death and not specifically devised or bequeathed
herein, at public or private sale or sales and to give good and sufficient deeds and/or
bills of sale therefore, in fee simple, as I could do if living. My representative is
authorized and empowered to engage in any business in which I may be engaged at my
death, for such period of time after my death as seems expedient to said representative.
3. I give, devise and bequeath all of my estate of whatever nature and
wherever situate as follows:
A. My real estate at 132 Market Street, New Cumberland, Cumberland
County, Pennsylvania, to my son, Carson M. Steffen, Jr., or if he is deceased,
then to my daughter Kitty J. Michaels; and all the
~ •.
B. Rest, residue and remainder of my estate of whatever nature and
wherever situate to my son, Carson M. Steffen, Jr. and Kitty J. Michaels, share
and share alike.
4. I nominate and appoint Kitty J. Michaels to be the personal representative
of my estate, to serve without bond. If she cannot or does not serve, then I appoint
Carson M. Steffen, Jr. to be the substitute personal representative, also without bond.
5. I suggest that my personal representative retain the services of Harold S.
Irwin, III, Carlisle, Pennsylvania in the settlement of my estate.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 15th day of
August, 2000.
~~
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~~ ~~~~,~ ~ ~~/. ,~: '- ~ ~.: =' ;(SEAL)
CARSON M. STEFF~i
~~
Signed, sealed, published and declared by the above-named person as and for a
last will and testament, in our presence, who at said person's request, in said person's
presence and in the presence of each other have hereunto set our names as
subscribing witnesses.
,~
~- ~, ~ ~,
pct /~.~. ~~~z~: C%~
ACKNOWLEDGMENT AND AFFIDAVIT
WE, CARSON M. STEEPEN, AMY S. CASEY and HEATHER A. BARBOUR,
the testator and witnesses respectively, whose names are signed to the foregoing
instrument, being first duly sworn, do hereby declare to the undersigned authority that
the testator signed and executed the instrument as his last wi11 and that he had signed
willingly, and that he executed it as his free and voluntary act for the purpose herein
expressed, and that each of the witnesses, in the presence and hearing of the testator,
signed the will as a witness and that to the best of their knowledge the testator was, at
that time, eighteen years of age or older, of sound mind and under no constraint or
undue influence.
~1
CARSON M. STE
`} %. ~
~'
C ~ .v ~ .P
AM S. ~ S
~~~~~~
HEATHEI:`t A. BARBOUR
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
:ss:
Subscribed, sworn to and acknowledged before me by CARSON M. STEEPEN,
the testator herein, and subscribed and sworn to before me by AMY S. CASEY and
HEATHER A. BARBOUR, witnesses, this 15T" day,of August, 2000.
~ !;~ r~~d ~ ;,~.1,;~ ~~,. ~:0~:; ~ut,~,~; Notary Public
Carlisle Boro. Gu~,berlar" ~ ~;u~,rt!Y
~ , v i~~ p+~_?3, 2002
P.4v Corrrr~ ~o c. p
f,ry E(TI C~.~~~ - -%1`1` t - _. _ .., ~~1~r v` ~: oi8ftp::
EXHIBIT `B'
' S. W. Barrett Real Estate 8, Appraisal Services
' SUMMARY REPOR'
No. as•vv~
01!31!2008
Harold S. Irwin, III
64 South Pitt Street
Carlisle, PA 17013
File Number: 08-0013
In accordance with your request, I have appraised the real property at:
132 Market Street
New Cumberland, PA 17070
The purpose of this appraisal is to develop an opinion of the defined value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the defined value of the property as of January 16, 2008 is:
$55,000
FiftyFlve Thousand Dollars
The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, assignment conditions and appropriate certifications.
Respectfully submitted,
Cassandra J. Crockett
Certified Residential Appraiser
S. W. Barrett Real Estate 8 Appraisal Services
SUMMARY REPORT
rwe rvo.
APPRAISAL OF
LOCATED AT:
132 Market Street
New Cumberland, PA 17070
FOR:
Harotd S. Irwin, III
64 South Pltt Street
Carlisle, PA 17013
AS OF:
January 16, ?008
BY:
Cassandra J. Crockett
Certified Residential Appraiser
Summary SUMMARY REPORT
Residential Appraisal Report File No. 08-0013
.IeA „ n(/ha a cal
1 plupm ly, yncn vac ,, ,,,,, ,,,,,,, ,,,,,, _...._ _~~. ___..
the purpose of this appraisal report is to provide the client with a aedihle open on o e e ins
Client Namellntended User Harold S. Irwin III E-mail
state PA zi 17013
Client Address 64 South Pitt Street ci Carlisle
nded Users are ermitted without
l I
t
i
i
~ n
e
ona
t
Additional Intended Users The Intended User of this a sisal re ort is the Client. No add
the ermission of the a raisers .
Intended use The Intended Use is to evaluate the ro ert that is the sub'ect of this a sisal for the Client to establish an
o inion of value.
Pro er Address 132 Market Street ci New Cumberland state PA zi 17070
owner of Public Record Steffen Carson M. Sr. & Elizabeth Coun Cumberland
" Le al Desai lion Deed Book T22 P 74
Assessor's Parcel # 25-25-0006-357 Tax Year 06107 R.E. Taxes $ 795.00
Nei hborhood Name Borou h Ma Reference 25-0006 Census Tract 0108.00
Pro er Ri hts aised X Fee Sim le Leasehold Other desaibe
M research did X did not reveal an rior sales or transfers of the subject ro er for the three ears for to the effective date of this a sisal.
Prior Sale/transfer: Date NIA Price NIA Sourc s Courthouse records
Analysis of prior sale or transfer history of the subject property (and comparable sales, if applicable) No recent recorded transfers were found.
Offerings, options and contracts as of the effective date of the appraisal None known
Nslphbahood Charadarlaties d. .' One-Unit Fiousirtp Trends
Location Urban X Suburban Rural Ro er Values X Inaeasin Stable Declinin
Built-U X Over 75% 25-75% Under 25% OemandlSu I Shorts e X In Balance Over Su I One•UMt Fiousing
PRICE AGE
000 rs Prssent Land Use % :.
One-Unit 70 %
2-4 Unit 8 %
r Growth Ra id X Stable Slow Marketin Time Under 3 mths X 3.6 mths Over 6 mths
Neighborhood Boundaries Sub'ect is bounded on the north b Harrisbur Ex resswa • on the
east b Sus uehanna River• on the south b Pa.Tum ike• and on the west b I-83.
Neighborhood Desaiption Sub'ect ro ert is located in an established nei hborhood of homes 40 Low 25
100 Hi n 100
65 Pred. 80
both detached an Multi-Fami 2 %
Commercial 15 %
Other Indstrl 5 %
d attached within
the Borou h of New Cumberland. Sho in and other amenities are within welkin or short drivin distance. School s stem
is West Shore District and local school com lex is within ,5 mile. SMSA 42-3240.
Market Conditions (inGuding support fa the above conclusions) Pf0 a values are current) stable with an avera a marketin time of 90-180
da s. Economic trends and lendin rates have remained favorable. Sales concessions occur infre uentl .There are new
homes under construction in surroundin develo ments as well as resales available in the nei hborhood.
Dimensions 32 z 150 Area 0.11 Acre MIL sna a Rectan ular view ResidentiallComm.
S ecificZonin Classification I-1 Zonin Desai lion Industrial
Zonin Com fiance Le al X Le al Nonconformin Grandfathered Use No Zonin Ills al describe
Is the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? X Yes No If NG, desaibe. Size Of the Site
would reclude other than residential use exce tin combination with abuttin sites.
Utllitles Public Other dssalbe Public Other dascrlba Off•slte lm owments-T pe Publlc Prlvata
Electrirl X 100 am Water X Street As halt X
Gas senile sewer X Alle To rear X
k site comments The site is located within a FEMA s eclat flood hazard area. See attached ma No other easements or
? encroachments were noted.
a
[
t
GENERAL DESCRIPTION FOUNDATION , D(fERIOR DESCRIPTION materials INTERIOR materials
Units X One One with Access Unit Conaete Slab Crawl S ace Foundation Walls BIOCklAV Floors Car IVin I/F-A
#of Stories 1.5 X Full Basement Partial Basement Exterior Walls Frame/Fair-AV Walls PlaSterlPanel/F-.
T e X Det. Att. S-Det.lEnd Unil Basement Area 846 . ft. Roof Surface Shin le/Fair-Av TrimlFlnish WOOdIF-A
X Exlsti Pro sed Under Const. Basement Finish 0% % Gutters 8 Downs uts AluminumlAv Bath Floor Car et/F-A
Desi n S le Bun Glow Outside En !Exit X Sum Pum Window T DbIHn /Av Bath Wainscot Pnl/Fbr IS/F-A
Year Built 1936 Storm Sash/Insulated None Car Store e X None
Effeaive a Yrs 20-25 Screens None tkivewa #olCars
Attic None Heatin FWA HWBB Radiant Amenities WoodStov s # Drivewa Surtace
Dro Stair Stairs X omerSteam FuelOll "Fire lac s # X FenceWlre Gara a #ofCars
X Floor Scuttle Coolin Central Air Conditionin X Patio/Deck Deck X Porch Car ort # of Cars
r
Y Finished Healed Individual Other Pool Other Att. Det. Built-in
fiances Refri erator X Ran sloven Dishwasher Dis osal Microwave Washer/Dr er Other desaibe
, Finished area above rode contains: 6 Rooms 3 Bedrooms 1 Bath s 1 256 ware Feet of Gross Livin Area Above Grade
1 Additional Features See Attached Addendum
Comments on the Improvements Im rovements are in fair-avera a condition with no functional inade uacies a arent. No additional
value lush fire lace due to unknown condition of the flue.
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N Paq 1 of 2 (GPAR^') General Purpose Appraisal Report 1T72ne5
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Borrower Carson M STEEPEN (Estate) File No.: 08-0013
Pro ert Address: 132 Market Street Case No.: SUMMARY REPORT
City New Cumberland State: PA Zip: 17070
Lender: Harold S. Irwin, III
Additional Features
Improvements are in fair-average condition, not recently up-dated; evidence of prior roofing leaks in some rooms,
temporary repairs have not completely eliminated this problem per family member; all exterior frame peeling;
furnace had been replaced with most recent flooding [late 1990's per family member], basement walls sealed, three
sump pumps; brick fireplace not used, utility unknown; front porch, rear deck.
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Summary
RPSidential Annraisal Report
PageTd7~-...
S.W. Barrett Real Estate & Appraisal Services
SUMMARY REPORT
File No. 08-0013
FEATURE SUBJECT
132 Market Street
Address New Cumberland COMPARABLE SALE NO. 1
438 Water Street
New Cumberland COMPARABLE SALE N0. 2
414 Water Street
New Cumberland COMPARABLE SALE N0. 3
221 Market Street
New Cumberland
Proximi to Subect
Sale Price
S 0.31 MI NW
$
54 000 0.29 MI NW
$ 63 500 0.13 MI NW
.
$ 73 000
Sale Fricel(toss Lfv. Area $ 0.00 s . (t. $ 48.65 s . tt. 8 53.09 ft $ 53.60 s . ft.
Data Sours s
verification Sours s
MLS/Courthouse Records
MLS/Courthouse Records
MLS/Courthouse Records
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(- s Ad~ualmem DESCRIPTION +(-)sAejuatmem DESCRIPTION +(-)fndiuatment
Sale or Financing
Concessions None, Conv
DOM 186 CIsg.CstsNA
DOM 62 -3,789 None, VA
DOM 88
Date of Sale/rime 3107 9106 1 693 12106 1 582
Location Avera a Avera a Avera a Avera e
Leasenoid/Fee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Sim le
Site LoUAv .11 LoUAv .04 LoUAv .04 LoUAv .04
view ResidlCommllnd Resid/Commllnt ResidlCommlint ResidlComm/lot
Desi n S le Bun aloes 2.5 Sto /Row 2.5 St /SemiDet 2 S 1SemiDet
Quali of Consvuchon Avera a Avera a Avera a Avera e
~ Actual a 72 Yrs 100 Yrs+/- 100 Yrs+/- 84 Yrs
condition
~ Fair/Avera a "As Is"/Similar 0 Su erior -10 000 Su erior -15 000
_
Above Grade Tonl Btrms. Bathe Total Bdrma. Botha Total Btrms. Bathe Total Btrma. BaNa
Room Count 6 3 1 7 3 1.5 -1 000 6 3 1 7 4 1
Gross LM Area30.00 1 256 s . ft. 1 110 s . ft. 4 380 1,196 sa. tt. 1 800 1 362 s . ft. -3 180
Basement 8 Finished
~ Rooms Below Grade Full Bsmt/
Unfinished Full BsmU
Unfinished Full Bsmt/
Unfinished Full Bsmtl
Unfinished
Functional Utili Avera a Avera a Avera a Avera e
Heatin fcociin OStm/None OFHA/None EBB/Gas/None GFHA/CA -2 000
Ener Efficient Items T ical T iCal T iCdl T iCel
Gara elCar ort On street rk On street rk OSP -1 000 On street rk
Porcn/Patio/Deck Porch/Deck/Fnct Porches 0 Porch/Deck/ -1 000 Porches 0
Fenced Yard
Zonin Industrial Industrial Industrial Industrial
Flood Plain Yes Yes Yes Yes
Net Ad ustment Total X + $ 3 380 + X - $ 12 296 + X - $ 18 598
Adjusted Sale Price Net Adj. 6.3% Net Adj. -19.4 % Net Adj. -25.5%
of Com ambles Gross Pd'. 10.0% $ 57380 Gross Ad. 30.4% $ 51204 Grass Pd. 29.8% $ 54402
Summer of Sales Com arison roach All tom ambles are similar in utili and location to the sub-act roe are verified closed
sales and are the best current) available. Limited sales of homes in Industrial zonin and flood lain have recent) occurred
re uirin an ex ended search. Annual ad'ustement taken at 2°/a for sales over one ear. Ad'usted ran a of value is $51 000 to
$57 000.
Sale #1 was sold "as is".
COST APPROACH`TO VALUE - ~ ~'°
Site Value Comments Site value from current assessment records and most recent local land sales available.
ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE ........................................ _ $ 20 000
- Source of cost data Dwellin S . Ft. $ ........... = S
~ Quali ratio from cost service EBective date of cost data S . Ft. $ ............_ $
Comments on Cost roach ross livin area calculations, de eciation, etc.
- Cost A roach from Marshall/Swift Valuation Service Gara a/car t . Ft. $ ..= 8
• handbook and local cost anal is was considered but Total Estimate of Cost-New .........._ $
deemed not credible due to the a e and condition of the Less Ph sisal Functional External
im rovements. Site value from Market Data. De reciation oe eciation = $
based on a e/life observed condition and Market Data De reciated Cost of Im rovements ................................ _ $
Anal sis. Estimated remainin Economic Life is 30-35 ears. "As-is°value of site Im ovements ................................ _ $
• INDICATED VALUE BY COST APPROACH .. . ................... = S N/A
INCOME APPROACH TO VALUE
Estimated Month) Market Rent S N/A X Gross Rent Multi Iler N1A = S NIA Indicated Value b Income roach
• Summary of Income Approach (including support for market rent and GRM) NIA
Indicated Value b Sales Com arison A oath $ 55 OOO Cost A oath If devalo d S NIA Income oath it devalo •d s NlA
Market Anal sis consistent) su orts m estimated market value. GRM and Cost anal sis was found ina ro riate for this
a sisal. Greatest wei ht is a lied to the Market Data Anal sis. Su ortin file information substantiates these estimates.
This appraisal Is made X "as Is; subject to wmpletion per plans and specifications on the basis of a hypothetiral condition that the improvements have been completed,
^ subject to the following repa'rs or alterations on the basis of a hypothetical condition that the repa'vs or alterations have been wmpleted ^subject to the following:
Based on the scope of work, assumptions, limiting conditions and appraiser's certification, my (our) opinion oTthe defined value of the real property
that is the subject of this report Is $ 55,000 as of 1/16!2008 , which is the effective date of this appraisal.
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(GPAR1e)General Purpose Appraisal Report iL~005
GPARtOpa OS ealiZ006
Fite No. OS-0013
Scope of Work, Assumptions and Limiting Conditions
Scope of work fs defined in the Uniform Standards of Professional Appraisal Practice as "the type and extent of research and analyses in an
assignment." In short, scope of work is simply what the appraiser did and did not do during the course of the assignment. It includes, but Is not
limited to: the extent to which the property Is identified and Inspected, the type and extent of data researched, the type and extent of analyses applied
to arrive at opinions or conclusions.
The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client, other identified intended users and to the
Intended use of the report. This report was prepared for the sole and exclusive use of the client and other identified Intended users for the identified
intended use and its use by any other parties is prohibited. The appraiser Is not responsible Tor unauthorized use of the report.
Thor appraiser's certification appearing in this appraisal report is subject to the fallowing conditions and to such other specific conditions as are
set forth by the appraiser in the report. All extraordinary assumptions and hypothetical condit(ons are stated in the report and might have affected the
assignment resuks.
1. The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or title thereto, nor does the appraiser render any opinion as to the title, which is
assumed to be good and marketable. The property is appraised as though under responsible ownership.
Z. Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property. The appraiser has made no survey of the property.
3. The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been
previously made thereto.
4. Neither all, nor any part of the content of this repot, copy or other media thereof (including conclusions as to the property value, the identity of the appraiser, professional designations,
or [he firm with which the appraiser is connected), shall be used fa any purposes by anyone but the client and other intended users as identifed in this report, nor shall it be conveyed by
anyone to the public through advertising, public relations, news, sales, a other media, without the written consent of the appraiser.
5. The appraiser wilt not disclose the contents of this appraisal repot unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice.
6. Information, estimates, and opinions furnished to the appraiser, and contained in the report, ware obtained from sources considered reliable and believed to be true and correct.
However, no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser.
7. The appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil, or structures, which would render it more a less valuable. The appraiser assumes
no responsibility for such conditions, or for engineering or testing, which might be required to discover such factors. This appraisal is not an environmental assessment of the property and
should not ba considered as such.
B. The appraiser specializes in the valuation of real property and Is not a home inspector, building contractor, sWctaal engineer, or similar expert, unless otherwise noted. The appraiser
did not conduct the intensive type of Feld observations of the kind intended to seek and discover property defects. The viewing of the property and any improvements is for purposes of
developing an opinion of the defined value of the property, given the intended use of this assignment. Statements regarding condition are based on surface observations only. The
appraiser claims no special expertise regarding issues including, but not limited to: foundation settlement, basement nwisture problems, wood destroying (a other) insects, pest infestation,
radon gas, lead based paint, mold or environmental issues. Unless otherwise indicated, mechanical systems were not activated a tested.
This appraisal report should not ba used to disclose the condition of the property as it relates to the presencelabsence of defects. The client is invited and encouraged to employ qualified
experts to Inspect and address areas of concern. If negafive wnditions are discovered, the opinion of value may be attecled.
Unless otherwise noted, the appraiser assumes the components that constitute the subject property improvement(s) are fundamentally sound and in
working order.
Any viewing of the property by the appraiser was limited to readily observable areas. Unless otherwise noted, attics and aawl space areas were not accessed. The appraiser did no[ move
furniture, floor coverings a other items that may restrict the viewing of the property.
9. Appraisals involving hypothetical conditions related to completion of new construction, repairs or alteration are based on the assumption that such completion, alteration or repairs will
be competently performed.
t0. Unless the intended use of this appraisal specifically Includes issues of property insurance coverage, this appraisal should not be used for such purposes. ReproducG'on a
Replacement cost figures used in the cost approach are fa valuation purposes only, given the Intended use of the assignment. The Definition of Value used in this assignment is unlikely
to be consistent with the definition of Insurable Value for property insurance wverageluse.
11. The ACI General Purpose Appraisal Report (GPARTM) is not intended for use to transactions that require a Fannie Mae 1004iFreddte Mac TO form,
also known as the Uniform Residential Appraisal Report (URAR).
Additional Comments Related To Scope OT Work, Assumptions and Limiting Conditions
File No. 08-0013
S.W. Barrett Real Estate 8r Appraisal Services
Appraiser's Certification
The appraiser(s) certlfles that, to the best of the appraiser's knowledge and belief:
1. The statements of fact contained in this report are bue and correct.
2. The reported anayses, opinions, and wnclusions are limited only by the reported assumptions and limiting conditions and are the personal, impartial, and unbiased professional
analyses, opinions, and conclusions.
3. Unless otherwise stated, the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties
involved.
4. The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.
5. The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results.
6. The appraiser's compensation for completing this assignment is not contingent upon the development w reporting of a predetermined value or direction In value that favors the cause of
the client, the amount of the value opinion, the attainment of a stipulated result, w the occurrence of a subsequent event directly related to the intended use of this appraisal.
7. The appraiser's anayses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice.
8. Unless otherwise noted, the appraiser has made a personal Inspection of the property that Is the subject of this report.
9. Unless noted below, no one provided significant real property appraisal assistance to the appraiser signing this certification. Significant real property appraisal assistance provided by:
Additional Certifications:
Definition of Value: OX Market Value Other Value:
SGUrce of Definition: USPAP
The most probable price in terms of moneywhich a property should bring in 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.
ADDRESS OF THE PROPERTY APPRAISED:
132 Market Street
New Cumberland. PA 17070
EFFECTIVE DATE OF THE APPRAISAL: January 16, 2008
APPRAISED VALUE OF THE SUBJECT PROPERTY S 55,000
APPRAISER
j~ ~/
Si nature:
Name: Cassandra J. Crockett:.
State Certification # RL001348L
or License #
or Other (describe): State #:
State: PA
Expiration Date of Certification w License: 06/30/2009
Date of Signature and Report: 01131/2008
Date of Property uewing: 0 111 612 00 8
Degree of property viewing:
Q Interior and Exterior ^ Exterior Only ~ Did not personally view
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(GPAR"') General Purpose Appraisal Report 1712005
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SUPERVISORY APPRAISER
~~ \ ~ ,~
Signature:
Name: Steven W. Barrett, SRPA, SRA, ASA
State CertlUcaticn # GA000298L
w License # RB025921A
State: PA
Expiation Date of Certification w License: 08/30!2009
Date of Signature: 01/31/2008
Date of Property Viewing:
Degree of property viewing:
Interior and Exterior ^ Exterior Only 0 Did not personally view
' JRC 1 VI'1/ARGH 1 NvLG ML/vGirtvv4Y4
• File tJo 08.0013
Property Address 732 Market5treet ~
City New Cumberland Coun Cumbuland State PA Zi _ 17070
..-___.._...._-...--------- tY-- ---- --____-._. .__.._..-- _.P --~-----------_.._.
Borrovrer Carson M. 5TEFFEN (Estate) _ __ ____ ._
LenderJGierrt Harold 5. Irwin, III UC Address 64 South Pitt Sheet ~
Appraiser Name Appr Address
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2.0' ~ ~O1 11.0'
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AREA CALCULATIONS SUMMARY
Code Description Size Totals
6I,A1 First Floor 646.00
Seccnd Floor 410.00
Second Floor Invalid
P/P Porch ~ 136.00
Wood Deck ~ 216.00 354.00
TOTAL LIVABLE (rounded)
Scale: t = 10
LIVING AREA BREAKDOWN
1
Breakdown Subtotals
~-
First Floor ~
2.0 z 11.0 22.00
16.0 a 39.0 624.00
8.0 z 25.0 200.00 i
Seccnd Ploor
7.0 z 14.0 98.00
6.0 x 24.0 144.00
12.0 x 14.0 ~ 168.00
1256 ~ 16 Areas Total (rounded) ~ 1256
16.0'
.., ........ ~....,.~ oN,.,,>.,,,, ap.eioo-we
• • L.IlGlil. T341 VIU J. II WI11. 111
Property Address:132 Market Street Case No.: SUMMARY REPORT
Citd: New Cumberland State: PA Zip: 17070
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: January 16, 2008
Appraised Value: $
REAR VIEW OF
SUBJECT PROPERTY
STREETSCENE
c ~ /~QI V14 u. l1 WIII 111 v~~-vv ~/
_______ ._.______ _,. _ -_____.__-_~- _ill. ivv.__. . .. __- _.______-
Property Address: 132 Market Street- -Case No.: SU_M__MARY REPORT
City: New Cumberland State: PA Zip: 17070
e.acni. na~u~a o. nwu~zw _ _ __ i ue ivy.. ~o-vim ~~ _ IIIIII
Property Address: 132 Market Street ~ Case No.: SUMMARY REPORT I
, City: New Curberland State: PA Zip: 17070
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COMPARABLE SALE #1
438 Water Street
New Cumberland
Sale Date: 3107
Sale Price: $ 54,000
COMPARABLE SALE #2
414 Water Street
New Cumberland
Sale Date: 9/06
Sale Price: $ 63,500
COMPARABLE SALE #3
221 Market Street
New Cumberland
Sale date: 12!08
Sale Price: $ 73,000
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client: Steffen Carson M. Sr. & Elizabeth rile No.: 08.0013
Property Address:132 Market Street _ Case No.: SUMMARY REPORT
City: New Gumberland State: PA Zi :17070
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FloodMap Legend
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! FWOA cones
~ Nras .wwulsU uy A6o-yesr nwalny
Naas oUSta! of Irte 100- snd 560-year fwoaptso-ns
Arras 'uWntlded by Ip~yaar Ilooding
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r=eaua+vsy eroas
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t;ommunhv: 420368 - NEVt+CUEA9ERL;aND, BOROUGH OF
Property is ~n a FBbtAspecial floral hazard area.
Map tLmb~r: g3C366 p1 1.4p Data: 03ABl147F
Panel: O t F I P S: 4.fl41
Zunis: A75 i
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Neither Transamerica Flood Hazard G±rtification RF H Cl nor CJ~I make anv
representatuns cr marraMies to any parcy cmcerrrng tttz cprterrc, accuracy «
campl>tene>s ofthis flgod Rport inoluiina anv wartan[v of tner+chaMadli[~sr o•
fitness f« a particular puryose. Netthx TFHC ner Al;! nor the seller of this ~
+IooA report shall have anv labili[y to aiv thnf parcri for anv use m misuse of
this tlooi report. ~
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Client: Steffen Carson M. Sr. 8 Elizabeth File No.: 08-0013
Property AdBress:132 Market Street Case No.: SUMMARY REPORT
ii New Cumberland Mate PA Zip: 17070
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S 132 Markel St 6 3 1 1256 0.00 F1I
1 938 Water St 3/07 59000 7 3 1-5 -1110 G.31 MI t]W
2 419 Watex St 9/06 63500 6 3 1 1196 0.29 MI NN
3 221 Market St 12/06 73000 7 9 1 1362 0.13 MI NW
SUMMARY REPORT
File No.
********* QUALIFICATIONS *********
The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the
inspection of the subject property, the comparables sales, and their neighborhoods and locations. Unless otherwise
noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET
VALUE OR THE FUTURE. MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home
inspection service. This is an appraisal to estimate market value.
_1. The subject is located in a rural area and is less than 25% built-up.
_x_2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar
neighborhoods.
_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for
the area.
_4. 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 value of properties in the area and superior quality of the subject property.
_x_5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and
suggested.
_6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement
floor. This condition is considered typical in dwellings of this style.
_7. The subject property is serviced by private well andlor septic systems which is common for the area.
_x_8. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing
systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement.
9. Repair items were noted in the comments section of the report. These comments on repair items are for
descriptive purposes only and are not required repairs. The items listed are cosmetic in nature.
_10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a
health or safety hazard.
_11. The subject property does contain functional obsolescence as noted in the report. This condition is
considered typical and common for the area and this style dwelling.
_x_12. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This
condition is considered common and typical for the neighborhood.
_13. The land value exceeds 30% of total value. This is due to the large size of the site. This condition is
considered to be typical and common.
_14. Individual adjustments were required that exceed 15%. These adjustments were required due to lack of more
similar comparables on that individual rating. All comparables used are the best available.
_x_15. Total adjustments exceed 25%. This is due to the lack of comparable sales that were more similar in the
subject's market area. All comparables used are the best available.
_x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the
subject's area, none have sold recently; therefore, sales in excess of six(6) months have to be used. All comparables
used are the best available.
_17. One or more comparables used were in excess of one (1) mile from the subject property. Although there are
comparable properties in the Immediate area, none have sold recently. Therefore, it was necessary to use comparable
sales outside of the immediate area. All comparables used are located in similar neighborhoods and within the same
marketing area. All comparables used are the best available.
_18. The electrical system was not connected during Inspection.
_19. The water service was not connected during inspection.
_20. The heating system was shut down during inspection.
_21. Roofing_Plumbing_Electrical_Heating_certification(s) islare suggested.
_22. Inground swimming pool-, out buildings are included ,not included according to lender's
guidelines.
_23. According to lender's guidelines a maximum of_acres were considered for this valuation. Remaining
acreage was given no value.
SUMMARY REPORT
********* QUALIFICATIONS *********
_24. The subject property is located on a private road.
_25. Wood infestation inspection is suggested.
_x 26. Last recorded deed transfer: Date 4/2411968 , Consideration: $9,800
_27. Proposed construction/renovation In accordance to plans and specifications to be completed in a workman-like
manner.
_28. Seller is paying part or all of closing costs.
_x_29. All comparable sales are verified closed safes.
_x_30. There are no special conditions or other requirements that would affect market value or future marketability in
the Appraisal Report.
SUMMARY REPORT
File No. 08-0013
****"'`**** QUALIFICATIONS *********
Confidentiality and Security Policy
We consider privacy to be fundamental to our relationship with clients. We are committed to maintaining the
confidentiality, integrity and security of clients' personal Information. Internal policies have been developed to protect
this confidentiality, while allowing client needs to be served.
We restrict access !o personal Information to authorized Individuals who need to know this information to comply with
federal standards to protect your nonpublic personal information. We do not disclose this information about you or
any former consumers or customers to anyone, except as permitted by law. The law permits us to share this
information with our affiliates. The law also permits us to share this information with companies that pertorm
marketing.
When we share nonpublic information referred to above, the information Is made available for limited purposes and
under controlled circumstances. We require third parties to comply with our standards for security and confientiality.
We do not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent,
sell, trade or otherwise release or disclose Information to any other party.
Education
As of the date of this report, land/or Steven W. Barrett, SRPA, SRA, ASA have completed the requirements under the
continuing education program of the Appraisal institute.
U.
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' S. W. Barrett Real Estate 8 Appraisal Services
SUMMARY REPORT
File No. 08-0013
********* INVOICE *********
File Number: 08-0013 01/31/2008
Harold S. Irwin, III
64 South Pitt Street
Carlisle, PA 17013
Invoice # : OS-0013
Order Date : 01/15/2008
ReferencelCase # : SUMMARY REPORT
PO Number
132 Market Street
New Cumberland, PA 17070
Appraisal Services $ 325.00
$
Invoice Total $ 325,00
State Sales Tax @ $ 0.00
Deposit ($ )
Deposit ($ )
Amount Due $ 325.00
Terms: Payable Upon Receipt
Please Make Check Payable To:
S. W. Barrett Real Estate & Appraisal Services
126 North Hanover Street
Carlisle, PA 17013
Fed. I.D. #: 236646-804
YOUR SINGLE SOURCE...Professlonal, Efficient Service
THANK YOU
EXHIBIT `C'
'rit~rity 5,0 Plus Account Statement ~ PNCBANK
NC P,atiit,
Primary aa;ount number: 51-4006-1676
Page 1 of 4
For the period 1?!07/2007 to 01/07/2008 Number of enclosures: 0
CARSON M STEEPEN SR
CARSON M STEEPEN JR
132 MARKET ST
NEW CUMBERLAND PA 17070-2146
For 24-hour banking, and transaction or
interest rate information, sign onto
Zj PNC Bank Online Banking at pnc.com.
For customer service call 1-888-PNC-BANK
between the hours of 6 AM and Midnight ET.
Para servicio en espaFfol, 1-866-HOLA-PNC
Movingt Please contact us at 1-888-PNC-BANK
® Write to: Customer Service
PO Box 609
Pittsburgh PA 15230-9738
Visit us at pnc.com
TDD terminal: 1-800-531-1648
For hearing unpaired clients only
'riority 50 Plus Carson M Steffen Sr
Carson M Steffen Jr
nterest Checlting Account Summary
:count number: 51-4006-1676
glance Summary
8eginning Deposits and Checks and other Ending
balance other additions deductions balance
1,476.09 800.11 1,036.27 1,239.93
Average monthly Charges
balance and fees
1,324.03 .OU
ransaction Summary
Checks paid/
withdrawal s
18
Total ATM
transactions
0
Check Card POS
signed transactions
0
PNC Bank
ATM transactions
0
Check Card/Bankcard
POS PIN transactions
Other Bank
ATM transactions
0
~terost Summary
Annual Percentage
Yield Earned iAPYE?
0.09
Number of days Average collected Interest Pald
in Interest period balance for APYE this period
32 1,324.03 .11
Please see the Activity Detail section for
additional information.
As of 01/07, a total of $.11 in interest was
paid this year.
I Ictivity Detail
leposits and Other Additions
ate Amount Description
1/03 800.00 Direct Deposit - Soc Sec
US Treasury 303 XXXXX4775A
1/07 .11 Interest Payment
There were 2 Deposits and Other Additions
totaling $800.11.
:hacks and Substitute Checks
ieck Date Reference Check Date Reference
amber Amount paid number number Amount paid number
353 100.00 12/17 o24s922s4 1722 * 60.73 01/07 o2so3osl2
380 * 13.04 12/17 024892232 1729 * 61.83 01/07 o2so3osl3
395 * 57.75 12/ 17 024892233 1731 * 59.71 01/07 o2sososl l
717 * 31.19 01/07 026030614 1735 * 39.66 12/ 11 084422943
hacks Paid continued on next page FORM953R-1005
EXHIBIT `D'
John Hanco~Jc Fgnds, LLC
Mutual Fund Operations
P.0. Box 9510
Portsmouth, NH 03802-9510
(800) 225-5291
www.jhancock. cc m/funds
John Hancock Signature Services,lnc.
February 19, 2008
Harold S Irwin III Esq
Irwin Law Office
64 S Pitt St
Carlisle PA 17013
Reference: 94423 8
Account Number: 6145918
Dear Mr. Irwin:
1 ~~~v~-~
_~
the future is yours
Thank you for contacting John Hancock. I am writing in response to your request regarding the
John Hancock mutual fund account listed above. This account is registered to the late Carson M.
Steffen, Sr., solely. We have kept the documents that you submitted on file for future reference.
The account value on January 2, 2008, was $1,637.82. This amount includes $0.49 in dividends
that had accrued but had not yet been paid. The net asset value per share of the Bond Fund A was
$14.84 and there were 110.332 shares in the account. Please remember that the share price
fluctuates daily.
Unfortunately, we are unable to liquidate the account at this time because additional
documentation is necessary. To process this request, we will need the following:
A signed letter of instruction from Carson M. Steffen, Jr., indicating the payee, mailing
address and Tax Identification Number (TIN) for the redemption.
If the redemption check will be made payable or .mailed w an individual other than
Carson M. Steffen, Jr., his signature on the letter must be medallion guaranteed. The
signature must also be medallion guaranteed if the redemption check will be made
payable or mailed to an entity other than Carson M. Steffen, Sr.'s estate.
The medallion signature guarantee stamp provides proof of identity and must be issued
by a member of the medallion program. It must contain the appropriate bar coding and
must also contain the letter prefix (A, B, C, D, E, F, X, Y or Z) that identifies the
grantor's maximum surety amount, which must be sufficient to cover the amount of the
requested transaction. Banks, Savings Associations, Brokers, Dealers or Credit Unions
that are members of the medallion program can provide the needed guarantee. A Notary
Public stamp is not a valid signature guarantee. Also, a date or any other added notation
will invalidate the medallion signature guarantee.
0/07 John Hancock Funds, LLC, 601 Congress Street, Boston, MA 02210-2805, Member FINRA • Sovereign Asset Management, LLC
The enclosed Account Application completed and signed. Since any change in
registration affects the legal ownership of the account, it will be necessary for us to
transfer the shares to a new account prior to liquidating them. We will use the Account
Application to obtain identifying information regarding the entity or individual that wilt
be receiving these assets. Sections 2 and 3 must be completed and Section 11 must be
signed. Please note that the TIN under which the shares are to be redeemed must be
included in Section 2. The USA PATRIOT Act of 2001 requires us to obtain this
information.
Since we have been notified of Carson M. Steffen, Sr.'s death, a "Stop Transfer" has been placed
on the account. This "Stop Transfer" means that any request to remove shares from the account
will not be honored until we receive the documentation outlined above.
For your convenience, a postage paid envelope is enclosed. If you have any questions, please call
our customer service center at 1-800-225-5291 any business day between 8:00 a.m. and 7:00
p.m., Eastern time. For additional account and product information, please access our Web site at
www ihfunds.com.
Sincerely,
1~~.he~a.+ r~.+~ar
Nicholas Fanaras
Correspondence Associate
cc: Signator Investors Inc
Enclosure Account Application
Postage Paid Envelope