HomeMy WebLinkAbout12-08-08 (2)`
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! 1505607120
~ REV-1500
EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue
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PO 80X.280601 INHERITANCE TAX RETURN
2 1 0
Harrisburg, PA 77128-0601 8 0 7 17
>R RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Binh
168 26 4818 06 17 2008 08 15 1916
Decedent's Last Name Suffix Decedent's First Name MI
PICCOLO AUSTIN W
(IfApplicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL INAPPROPRIATE OVALS BELOW
~X
I 1. Original Return ~ 2 Supplemental Return ~ 1 3. Remainder Return (date of death
- - prior to 12-13-a2)
~ 4. Limited Estate ~~
~ qa. Future Interest Compromise ~ ~ 5. Federel Estate 1'ax Return Required
.. (tlate of tlealh after 12-12-92)
(~ 8 Dacetlent Died Testate _~ 1
(Attach Gopy of Wlll) J ~ oecetlent Maintainetl a Living Tmst g. Total Number of Safe Deposit Bnxes
(AltecM1 Copy of Tmst)
rl 9. Litigation Proceeds Received ~ 10 Spousal Pavedy creail (sate of aealn 11. Election to tax under Sec. 9113(,4)
between t2-37-91 antl 1-1-95) -=
(gnach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED 70:
Name Daytime Telephone Number
MICHAEL L. BANGS 717 730 7310
Firm Name (If Applicable)
First line of address
429 SOUTH 18TH STREET
Second line of address
City or Post Office State ZIP Code
CAMP HILL PA 17011
N
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REGISTERILLS US~MLY~..r-
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DATE FILED ..
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Correspondent's a-mail address:
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, correct and complete. Decl~afl~n of preparer other than the personal representative Is based on all information of which preparer has any knowledge.
x r
Joanne Piccolo
1604 Wyndham Road, Camp Hill, PA 17011
51 ATURE OF PREPARER OTHE AN REPRESENTATIVE pg1_E
~~~ ~ ~ ~ .~ Michael L. Bangs ~„~~~>8
AooRESs
429 South 18th Street, Camp Hill, PA 17011
Side 1
L 1505607120 150560712®
J 1505607220
REV-1500 EX
oeceaenrs Neme. Austin W. Piccolo
-- __ _ -
RECAPITULATION
1. Real Estate (Schedule A) .................._..__.._..._.._.........._..................
2 Stocks and Bonds (Schedule B)
Decedent's Social Security Number
168 26 4818
180,000.00
1.
16,746.69
2
3. Closely Heltl Corporation, Partnership or Sole-Proprietorship (Schedule C).......... 3.
4. Mortgages & Notes Receivable (Schedule D)....__..._ .............................. .......... 4.
5_ Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E).........._.... 5.
6. Jointly Owned Property (Schedule F) ~ ~ Separate Billing Requested ............. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) ^ Separate Billing Requested ............. 7.
8. Total Gross Assets (total Lines 1-7) .............................................................._....... 8.
9. Funeral Expenses 8 Administrative Costs (Schedule H)........._...........__ ............... 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)..._ .................__..... . 10.
11. Total Deductions (total Lines 9 8 10)._........_ ....................................................._. . 11.
12. Net Value of Estate (Line 8 minus Line 11) ............................................................ . 12.
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to lax has not been made (Schedule J)............_ ................................_. 13.
14. Net Value Subject to lax (Line 12 minus Line 13)__.___ ...............___............._. . 14.
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 .00 0 . 0 0 15.
16. Amount of Line 14 taxable 2 6 4, 5 2 5 5 7 16
at lineal rate X .045 .
17. Amount of Line 14 taxable
0 0 0
17
at sibling rate X .12 .
18. Amount of Line 14 taxable
0
0 0
18
.
at collateral rate X 15 .
19. Tax Due......... ....... .... ......._.._ .. ..... .......... ....... ........... . 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
4,100.00
94,939.99
2,443.07
298,229.75
28,765.82--
4,938.36
33,704.18
264,525.57
264,525.57
__. __.
0.00
11,903.65
0.00
0.00
11,903.65
Side 2
L 1505607220 1505607220
REV-1500 EX Page 3 File Number 21-08-0717
Decedent's Complete Address:
Austin W. Piccolo
STREET ADDRESS
1604 Wyndham Road
CITY ° STATE ZIP
Camp Hill ' PA 17011
Tax Payments and Credits
1. Tax Due (Page 1 Line 19) (1) 11,903.85
2. CreditslPayments
A. Spousal Poverty Credi[
B. Prior Payments 11,900.00
C. Discount 595.18
Total Credits (A +e+c) (z) 12,495.18
3. InteresUPenaliy if applicable
p. Interest
E Penalty ..... .. .__.... __.__
Total lnteresVPenalty (D+E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) 591.53
Check box 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. (5)
q, Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE (58)
__
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 :................._.. ' -_I I -.
c. retain a reversionary interest; or .............. ......_.._... ._.......... .. ......... ..............._ ~_ I
d. receive the promise for life of either payments, benefits or care?........ _.. ..........._ _. I~ ~'
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?. ..._ ............. ..... _... ..._........ .......... ........._.... !,_. I
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... It r _. j
4. Did decedent own an Individual Retirement Accouni annuity, or other non-probate property which _
contains a beneficiary tlesignation? .......__.. ... .. f
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) (11) (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 o(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)]. A
sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
Rev-1602 E%416-9B)
SCHEDULE A
REAL ESTATE
COMMONWEALTH OF PENNSYLVPNIA
INHERITNNLE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
All real property ownetl solely or es a tenant In common must be reportetl at lair market value. Fair market value is tlefned as the pace at which propedy would be
exchanged between a willing buyer end a willing seller, neither being compelletl lp buy or sell, both having reasonable knowletlge or the relevant facts.
Real property which Is Jointly-ownetl with right of survivorship must be tllsclasetl on schedule F.
(I(mpre space is needed, adtlitional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 6-98)
RevA60J E%~ (6-9aJ
SCHEDULE B
STOCKS & BONDS
LOMMONWEPLTH OF PENNSYLVANIA
INHERITPNLE TPo! RETURN
FESIDENT OECEOENI'
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
All pmpertyJolntly-ownetl with right of aurvivonhip must De disclosed on Schetlule F.
ITEM
NUMBER CUSIP
NUMBER
DESCRIPTION
UNIT VALUE VALUE AT DATE
OF DEATH
1 328.947 shares of PP8LL Stock 50.91 16,746.69
TOTAL (Also enter on Line 2, Recapitulation) 16,746.69
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule 13 (Rev. 6-98)
Rev-1688 EX~ (6-98)
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEPLTH OF PENNSYLVPNIP
INHERITPNCE TA%RETURN
RESmENT DECEDENT
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
InGUde the proceeds of litigation antl the tleta the proceetls were receivetl by the estate.
All property )olntly-owned wIN the right oT SUrvlvor:shlp must be tliacloaed on echetlule F.
(If more space is neetled, adtlitional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98)
Rev-1569 EX~ 1698)
SCHEDULE F
COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY
INHERITANCE TA% RETIIHN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
If an asset was made joint within one year o(the tlecetlent's date of tleath, it must be reportetl on schetlule G.
SURVIVING JOINT TENANT(S) NAME I ADDRESS I RELATIONSHIP TO DECEDENT
A. Joanne Piccolo
1604 Wyndham Road
Camp Hill, PA 17011
Daughter
B.
C
JOINTLY OWNED PROPERTY:
ITEM
NUMBER
LETTER
FOR JOINT
TENANT
DATE
MADE
JOINT DESCRIPTION OF PROPERTY
INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT
NuMeER oR SIMILAR IoENTIFVING NUMBER. ArrncH DEED FoR
JOINTLY-HELD REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET
% GF
DECD'S
INTEREST
DATE OF DEATH
vnwE of
DeceoENrs INTEREST
1 A PA State Employees Credit Union - 4,337.52 50.000°/p 2,168.76
Savings Account
2 A PA State Employees Credit Union - 3,397.90 50.000°/p 1,698.95
Checking Account
3 A PA State Employees Credit Union - 154,841.08 50.000°/n 77,420.54
Money Market Account
4 A PA State Employees Credit Union - 6 27,303.47 50.000°/p 13.651.74
Month Certificate
TOTAL (Also enter on Line 6, Recapitulation) I 94,939.99
(If more space is neetle4 additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schetlule F (Rev. 6-98)
Rev-1510 E%~(6~98)
SCHEDULE G
• ~ • INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
LOMMONW LALTH OF PENN:;VLVANIA
INHERITANCE Tq%RETLIRN
HESIOENT OELEOEN T
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-OS-0717
This schetlwe must be comple~ed and (ilea Ii the answer to any of questions 1 through 4 on the reverse sitle of the REV-1500 COVER SHEET is yes.
ITEM
NUMBER DESCRIPTION OF PROPERTY
INCLUDE NAME OE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND
THE DATE OF TRANSFER. ATTACH A COPV OF THE DEED FOR REAL ESTATE. DATE OF DEATH
VALUE OF ASSET ~ of oeco~s
INTEREST excwsloN
QF APPLICABLE) TAXABLE
VALUE
1 PA State Employees Credit Union - 60 Month IRA 2,443.07 2,443.07
Certificate (beneficiary was Joanne Piccolo, the
decedent's daughter)
TOTAL (Also enter on Line 7, Recapitulation) ~ 2,443.07
(If more space is needed, adtlitionat pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98)
REV~1151 EX+11299)
SCHEDULE H
connmoNwEnrT"oEnENNSr~vnNln FUNERAL EXPENSES &
'"MERIT^NCETAXRETUnN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
Debts of decedent must be reported on Schedule I.
ITEM DESCRIPTION AMOUNT
NUMBER
A, FUNERAL EXPENSES:
See continuation schedule(s) attached
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Joanne Piccolo
Social Security Number(s) / EIN Number of Personal Representative(s):
Street Address 1604 Wyndham Road
city Camp Hill state PA Zip 17011
Year(s) Commission paid
2. Attorney's Fees Michael L. Bangs
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
claimant Joanne Piccolo
Street Address 1604 Wyndham Road
City Camp Hill State PA Zip 17011
Relationship of Claimant to Decedent Daughter
1:3,508.12
.5,000.00
5,000.00
3,500.00
4. Probate Fees 456.00
5. Accountant's Fees 750.00
6. Tax Return Preparer's Fees
7. Other Administrative Costs 551.70
See continuation schedule(s) attached
TOTAL (Also enter on line 9, Recapitulation) 28,765.82
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule li (Rev. 6-98)
SCHEDULE H
FUNERAL EXPENSES AND ADMINISTRATIVE COSTS
continued
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
ITEM
NUMBER
DESCRIPTION
AMOUNT
Funeral Expenses
1 Blooms by Vickrey 371.00
2 Office of Catholic Cemeteries 850.00
3 Office of Catholic Cemeteries -Headstone 225.00
4 Parthemore Funeral Home 12,062.12
H-A Subtotal 13.508.12
Other Administrative Costs
5 Cumberland Law Journal -estate advertising 75.00
6 Pamela Reitenbach -real estate appraisal 350.00
7 The Sentinel -estate advertising 126.70
H-67 Subtotal 551.70
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule II (Rev. 6-98)
Rev-1512 E%+ (698)
SCHEDULE 1
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TA%RETURN
RESIDENT nECEOENT
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
Inclutle unrelmEUreetl metllcal expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 Comcast Cable 118.53
2 Comcast Cable 118.53
3 Comcast Cable 118.53
4 Comcast Cable 118.32
5 Comcast Cable 118.07
6 Department of Veterans Affairs -Return of monthly benefit 117.00
7 F.M. Oppel -oil delivery 431.71
8 F.M. Oppel -furnace cleaning/service 112.00
9 Lower Allen Township - 2008 countyltownship real estate taxes 753.02
10 Lower Allen Township - 2008 personal tax notice 11.00
11 Lower Allen Township -sewer and refuse 87.50
12 Lower Allen Township -trash removal 87.50
13 Lower Allen Township - 2008 school real estate tax 1.608.71
14 PA American Water - 6/4/08 to 713/08 59.16
15 PA American Water - 7/3/08 to 815/08 60.55
16 PA American Water - 8/5/08 to 9/4/08 52.98
17 PA American Water - 9/5/08 to 1015108 48.61
Total of Continuation Schedule See attached page
TOTAL (Also enter on Line 70, Recapitulation) 4,938.36
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98)
Rev-0513 E%+I6-9B)
SCHEDULE 1
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA continued
INHERITANCE TM RETURN
RESIDENT OW EVENT
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
ITEM
NUMBER
DESCRIPTION VALUE AT DATE
OF DEATH
18 PA American Water - October to November 50.01
19 PP&L - 6/13/08 to 7/16/08 108.98
20 PPBL - 7116/08 to 8/13/08 101.51
21 PP&L - 8/13108 to 9115/08 92.92
22 PP&L - 9/16108 to 10116108 66.13
23 PP&L - October to November 70.03
24 State Employees Retirement System -Return of monthly retirement benefit 348.73
25 Sweet Arrow Springs -water delivery 21.00
26 Urology of Central PA 57.33
TOTAL (Also enter on Line 10, Recapitulation) ~ 4,938.36
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule 1 (Rev. 6-98)
REV-1610 EXr I9-Ofl)
SCHEDULE J
`omm°NwEALTH of ""NSVw""'" BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Piccolo, Austin W. 21-08-0717
NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER PERSON(S) RECEIVING PROPERTY DECEDENT (Words) ($$$)
Do Not Lls[ Trustee a
1. TAXABLE DISTRIBUTIONS [include outright spouse)
dlstnbuhons, and transfers
under Sec. 9116(a)(1.2)]
Brian Piccolo Son
220 South 4th Avenue
Reading, PA 19611
Gregory A. Piccolo Son
7223 Bucknell Drive
Fort Myers, FL 33908
Joanne Piccolo Daughter
1604 Wyndham Road ~
Camp Hill, PA 17011
1
I
Total
Enter dollar amounts for distributions shown above on lines 1 5 through 18, as approp. ate, on Rev 1500 cove r sheet
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT
BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF F,EV-1500 COVER SHEET 0.00
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98)
~!Fle No. 08110401 PH P_aga #2'i
November 10, 2008
Mr. Michael Bangs, Esquire
Bangs Law Office
429 South 18th Street
Camp Hill, PA 17011
RE. Estate of Ausfin W. Piccolo
1604 Wyndham Road, Lower Allen Township
Cumberland County, Camp Hill, PA 17011
Dear Mr.6angs:
Pursuant to your request, I have prepared a Summary Appraisal Report for the property
captioned in the "Summary of Salient Features" which follows.
The accompanying report is based on a site inspection of improvements, investigation of
the subject neighborhood area of influence, and review of sales, cost and income data for
similar properties.
This appraisal has been made with particular attention paid to the applicable value
influencing economic conditions and has been processed in accordance with nationally
recognized appraisal guidelines.
The retrospective market value conclusion stated herein is as of the date of death of
Austin W. Piccolo, on July 8, 2008; as stated in the body of the appraisal and contingent
upon the certifications and limiting conditions attached. The date of inspection was
November 5, 2008.
Please contact me, if I can be of additional service to you.
RespectfullyX
.-~ -
_ ~/^
C `
Pamela M. Reitenbach
PA Certified General Real Estate Appraiser
Farm DCVR -"WinTOTAL" appraisal soilware by a la murle, inc. -1-A00-ALAMODE
~Ilc No. U8170bUiPH~~ Page #3i
SUMMARY OF SALIENT FEATURES
suo~ect aatlress 1604 Wyndham Road
Legal Description Rook 22V Page 804
City Camp Hill
County Cumberland
Stale PA
Zlp Cotle 17011-6024
Census Tract 25420-0109.00
Map Reference ADC 3118, F3
Sale Price $ N/A
Date of Sale N/A
Borrower NIA
LentlerlCllant Michael L Bangs, Esquire
Size (Square Feet) 1,739
Price per Square Faot $
Location suburban
Age 61
Contlition average
Toial Rooms 7
8etlrooms 3
Baths' ?
Appraiser Pamela M. Reitenbach, PA Certified General RE Appraiser
Date of appraiseA Value July 8, 2008. Date of Death of Austin W. Piccolo
Opinion of Value 5 180,000
Fnrtn SS02 -'WinTOTAL" appraisal spilware 6y a la mone, inc. -1-80f1-ALAMOOE
Pamela Reitenbach - Flle NO. oei 10501 PRI, Page#4`
0&132
IINIFORM RESIDENTIAL APPRAISAL REPORT EgeNn. o611GSDIPR
r „w.. ,,
PFOQDDrYAdtlmes 1604 Wyndham Road _ - _ _ _ ..City Camp Hill _ _ _ _ Shie PA Lp GPAe 17011-6024
Legal Oescr_iption Book 22Y Page 804 __ _. __ Cmmry Cumberland
Assessor's Parcel No. 13-23-0547-127 _.-_ -_ __ Tax Year OB 09 R,E, TaxeS $ 2,157 Special Rssessmenls fi NIA.
_ _ _
Borrower NIA Current Owner Austin W. & Elizabeth M. Piccolo Occu an[ > Owner Tenant Vacant
Pro etl d htsa raised `' Fee Sim le ~ Leasehold Pro eclT POD Contlpminium HUDNA aril HOA$ NA _ ;Mu.
Neighborhood or PEolect Name .Lower Allen Township/Highland Park __ MaPReli;rener ADC 3118, F3 Census Tract 25420-010!3 00
Sale Price 3 N/A Date of Sale N/A ___. _pxscnl>DOn and ~ amcunt of Igge charges!concesslons to he paid by seller NA
_. _ _ _
Lender(Clie_nt_ Michael L. Bangs, Esquire ___A_tlgress 429 South 18th Street Camp Hill, PA 17011
A raiser Pamela M. Reitenbach Atltlress 5113 Circle Drive Harrisbur PA 17112 _
RI 9la femrty hpAa
l Eg present land use°b Land use change
C Suhurhan ~ Rural Preilominard
Lacatlon Urhan
0
,
i P
Bulh rip Ouer75% ~<25-75% Under 25% occupancy ~ $(DOD) (yrs) One family 80 I - No[likely likely
Gmwlh rate Rapid ~~ Stahle Slaw ~~ Owner 90 118 Law new Z 4 family 5 In pmcesz
MUlti~tamily 3 Tu.
Property values Increasing Stable (Declining (Tenant 750 High 100t
~
DemanNsupply Ghopage ~-. In halance I Over supply ~ vacam (U S%) ~ 1Predominant Commercial 12
Marketlpg N_me Under 3 mos„'~ 3 6 mos -Over fi mos ,-~, Vec lover 5%1~ __ 220 35-40 Other I
Note: Pane and Ina rectal compaaNlpn o/ the nelghhprhopJ are not apPraraal /aelwa.
Neighborhood boundaries anA charactenstlcs See. attached location map Lower Allen Township _
Facrors mat octet! the marketahlliry of the propetlles In the nelghbafnoPO (pmdmity to employment and amenities employment stahility, appeal to market, ate.).
• The neighborhood consists of a compatible_mix of mpstly 50 to 65 year old detached homes. of varying quality. All amenities and major fraffc
' arteries are convenient to the sub)ed property, Average Economic, soaal and physical area. Distance to amenities and necessities is good.
__ _
uld affect the sub1ecis value_or marketability, average mix and style of residential
The are no known detrimental neighborhood inFlUences that w
o
dwellings locztetl m an average azed suburban township. _. _ _. _
Market conditions m the suhject nelghborhootl Qndnding support tar the above oenduslans related to ttie ttend of property values demand/supply, and marketin9llms
-- such as data on competitive propetlies tar sale in the neighborhood, desedpaon of the prevalence N sales and Ilnancing concessions, etc J:
Local market conditions are moderately stable wdh~ropedies usually sellingwithin 120_tlays, it properly priced and marketed Financing.. _
packages arevaned with mostly conventional and VA/FHA with few cash sales, sellers are typically paying points in the 1-3 or more range.
Modgage money is available to creidable buyers wdh rates ranging from 6 to 7 percent _ _
Prober lnlermatlon for PODS (h applicahle) -- Is the developerlbuilder In control of the Home Owners' Assoclallon (HOA)? Yes No
Appmxlmate total number of unlls In the subject protect _ - _..-- _ AppmXlmate total number of unl6lar sale in the suhject protect
Describe common elements and recreafipnal facilities'
Dimenslens See Legal Description in the Deed _ _-_-. -_ _. _ _ 7opagraphV level
$Ih area 14 acre Corner Lot ~. Ves ,\ No Blie average _ _
ed Residential Shape mostly redangulzr
nd Aescnpdan R-15ingle Famil Establish
lassdicatl
n T
ll
Le
i
Illegal No zoning Drainage .appears adequate
g g ~ Legal nonconforming (Grandfamered use)
Zanio
comp! anc
Otherp9e. (eXplaln1 __ _ _ iVew residential
Nigher.&besl use as lmpmvetl .X. PmSem Uae
l
U1111t1es Public Other I OfFaRe Imprarerrrenta fyp¢ Public Prlvat¢ Landscaping mature I average
Electtlclry ~ _l SUeei payed. _ _ X Orlveway SUrtaca concrete
-. '; <I Apparent easements standard utility
Gas __ Curb(gutter concrete
.
Wetar > _ __ Sidewalk concrete -_ _ ~ FEMA Speolal Floatl Hazard Area Yas ~~. No
Sanitary sewer ~, _- _ Sleet hghh yes. __ __ _ FEMA ZOna C Map Oatn 9I30/19T/
Storm sew¢f_ _ - Alley- none _ _ _l_ _ _ FEMA Map No. 42101600026
Comments (apparent adverse easements, encroachments, special assessments, slide areas, Illegal or legal nonconforming zoning ase, etc )-. Standard
easements for utilities are present which do_not adverselyaffed the ate. There are. no known or apparent adverse easements, encroachments
or conditions noted.
GENERAL OESCeIPTION EY.IERIOR OFSCPIPTION 'F9UNDATION BASEMENT ~I INSIILAngN
No. of Units 1 _ PoundaNon Concrete Blk... I_Slah none _ _ Area 8q. Ft 552 Raot
No. of Smries 2 _ Exledor Walls Brick, Vinyl _ _i Crawl Space partial _%Flnlshed o!Ceiling
yp ( l - g 8asement podia! _ IGeiling Unfinished (Walls
T e DeLIAtl. Detached Root Sutlace Comp Shin le
i
t Floor _
Design (Style) Traditional Gutters & Dwnspts AlumlAlum_ _ _.~SUmp Pump none l(Walls Concrete Blk
EXistinglProposed Existing Wlntlow Typa Vinyl DH _ .(Dampness none observed. {Floor concrete _ 'None
_
OUtsltle Entry Ves li llnlumwn ,
Age tYrs-) 61 StoriNScreans Thenno/Ves _IlSelgemant Due to Age _
Effective A e Is: 30 Manufactured House no Infestation none observed
ROOMS Foyer Living I Oming Kitchen I Den _ _ Family Rm Rec Rm i Bedrooms # Baths ', Laundry ~_ Other Area Sq. F[
8asement _ _ I _ Ir _ _. i 552
Leval) 1 1 1 _ 1 __ I 1 i. X 956
~
Level 2 'i .763
3 1
~ ~
i i
Finished are _
_. '
a above rode contains'. 7 Rooms' 3 8edmom s' 2 Bath s ' 1,739 5 uare feet oI Gmss Livin Area
INTERIOR Materials/CDndAlon HEATING iKITCHEN EUUIP ATTIC RMENmES CAR STOAAGI
Hears cpl c-lile,vin l avg _ Type FHABbb 1Refrlgerator Nene I Hreplacels) # 1 I None
Walls plaster /avg. Fuel oil&elecL Range/Oven ~.;' Stairs i Patio rear Garage a of cars
Trim/Flnish cFCm I avg _ IGpnAlllan avg __ 6lsposal ~ ~ Drop SUIr ~ Deck _ AttacheA
Bath Hoor file, vinyl! avg- 'COOLING Olshwasher 'x Scugle ~~" IPUrch DelacheA
1'
Bath Wainscot tile, fg I avg- _ (Central CAC _ _ ~Fan/HOOtl Floor ', Fence Oiid4ln 1 car _
Doors Steel lnsuleted& (Other __ ~Mlamwevn ik~ Healed Pool _ Gamod
Wood I av ConAition av Washer/D er i Finished Motorized Awin Orivewa concrete
Additlonal teahires (special energy ndicient items, etc.)'. .The bomehas newer vinyl clad Jhgrmopanewindows.
Contliiion of the improvements. depmcialmn (physical, funetlonal, and exlemal) repairs needeQ quality of consimetion, rgmadeling/additions, etc-: Home is
considered to be in average condition.. No functional or economic obsolescence noted. Physical depreciation due to age and normal wear and
tear. (See Addenda) _..
Adverse envlmnmental cooAlllgns (such as but net limltetl to hazardous wastes toxic substances etc.) present in the improvements. on the site, or in ihn
immediate vicinity el the subbed properly.. There are no known or apparent adverse environmental contlitlons that would negatively impart on the
sale of the ro art See Addenda
FredAie Mac Fonn 70 6/A3 PAGE 1 OF2 Fannie Mao rurtn mu4 aP3
Form UA2-"WInTOTAL' aDPraisal sopwere by a la mode, Ina -100-ALAMOOE
' ~~ File Nu. OAI105111 PR(Page #5'~
09-137
ESTIMATED $DE VALUE _ $ Comments on Cost Approach (such :m. source al tort estimate, site value,
ESTIMATED UEPRODUCTION COST4JEW~DF IMPROVEMENTS: squaw toot calculation antl tUr HUD, VA anU FmHA, the estlmxteA mmalning
Dwalling _ _ 1,739 Sq. Ft. @$ _ _ _ _ $_ __._ __ economic life pf the praperty(I _T he Gosl Approach will generally
_ _ 552 Sq. FL @$ _ _ _ _ ___ re~9ult to a reliable e6tlmate of value ii the building is new or
_ - _ reasonably new, and the improvements reflect the highest and
Garage/Carport 231 Sq. FI. @$ _ __. _ best use of the land. Howe+er when items of physical
TUfal Estimated Cost New = $ - depreciation must be estimated, an area of judgement is
2055 Physical Functional External mvolved which is subject fo error- The Cast Approach was not
Depreciation _ ~I, _._ __ _ _$__. _ utllrzetl due to the age of the subject.
Depreciated Value of improvements =$.__ _.__ _ _._.
'AS-IS"VTae pl $IIP. mprpVP.ments =$___. __- __....__ _.
ITEM ~ SUBJECT COMPARABLE N01 _ COMPABABLE N0.2 COMPMA811 NO _H
1604 Wyndh am Road 1503 Chatham Road 1507 Letchworth Road 1601 Kent Road
Atldmss. Camp Hill, P A 17011 Camp HIIh PA 17011 _ _ Camp Hill, PA 17011 Camp Hill, PA 17011
Progmiry to Subject 0.19 miles E 0.16 miles SE 0 O6 miles NW
Sales Price $ N/A ~$ 181000 ~$. 200.000_ ~$ 171x000
PncelGloss LlvlnA Arra $ _ / $ 10308 / ~ $ 131 75 / r $ 123.82 /
Data anNpr inspection MLS 10149920 MLS 10154247 MLS 10154122
Verification Source public records .public records, agent _ _ ____ public records, ogee[. public records, agent
VA WE ROJU$iMENTB DEBCRIPTION _ DESCRIPTION _+( 1$AdAst DESCRIPTION +( tE Adlnsl. UFSCNIPTION +(- j$Adr¢t.
Sales ar Financing Conv /DOM 6 COnv /DOM 107 Gonv /DOM 17
Concessions __ _ _CIS.COSURepalr _! _300_ Gls CosURepair__ _ ._ CIS.COSURepair
Ooh of SaleRime 8/2812007 _ 1/31/2006 12/4/2007
Location suburban. suburban _ ,. __ .su_burban _ _ suburban
LeasehahlFee Simple Fee Simple Fee Simple '. _ Fee Smple _ Fee Simple
Site 14 acre _ 13 acre _ _ __ 15 acre 74 acre
View residential Equal Equal Equal
Design antl Appeal. 2 Story 2 Story ___ _ _ __ 2 Story _. _ _ 2 Story
Ouallty of Cpgs(ruclion average average __ _ __. average _ average
Aqe fi1..._. 59_ _ _ 58 _ 60 _
Contlnion average . .equal __ _ __ __ equal _ _ .equal
Above Grade Total Btlrms Baths Total. Bdrms, Baths _TU_tal Bdrms Bpths Total Btlrms Bates
Rogm Cpunt 7 3 2 8 3~ 1__', +4,000 __7 3 2 6 3 1 +4.000
Gross Living Area 1,7395q Ft 1 756 Sq F(,__ 0 f 518 $q. FL _ +2200 1,381 Sq. FI. +3,600
Basement 8 Finished Partial Bsmt. full, unfinished -2,000 full, part.finished a 000 full.. unfinished -2,000
Rooms Below Grade none none.. _ _ _- __ __. powder __,. _ _ -2.000 none
Functional Otlliry average. average :_ _. average _ _ _ average
HeatipyCpoling FWA,oiI, CAG FWA gas none .. +3000 FWA gas CAC... FWA,ciI, GAG
Energy Efiipien(Items typ'cal. typical _ __ typical _ _ typical
Garage/Carport 1 car garage
_._ i car garage
- _._r
_ off street
. - _ _ +?. 000
_ 1 car garage
Parch, Pafio, Oeck. Patio w/awning Cov. Patio 2 Patios,Sunroom -1 (J 000 Porch, Patio
~.Rreplace(sJ, etc. Fireplace 2Fireplaces -1,500 none +1500 none +1,500
Fence
P of e Shed none
_. +500 ~'~~0 Shed Fence -2,500
)e H Tub Sec F
d
I
Net Atl total _- ~ §
~+ 3700 ~$
+ tF: 300 $ 4,600
Atllusled Sales Price ~
„
: Net 20 % N¢t 7.7 % Net 2.7 %'.
Comments pn Sales Comparison (Indutling the subject propegy's compatlblllry to the nelghborhootl, ete.j'. All sales ere located in the subject's neighborhood.
The closed sales displayed are considered to be the mast comyarable and the best Indicators of value for Yce subject property. The
_-
comparables are given equal consitlerabon. .All comparables are of similar design and utility to the subject propedy. These comparables se(
the range of value for the subject properly. Gross Iwingarea, lot s¢e yearbuilt, were obtained from G~unty tax assessment records and
deemed as accurate In the event it is determined that any of the mformahon from public records is inap'.uratq we reserve the right to review
and or revise this re art and conclusion o_f_value stated within. _
REM BUBJEGT COMPARABLE NO i f,OMPARABLE NO 2 COMPARPnLF NIJ. li
Date, Ptice antl Data No Prior Sales No Pnor Sales No Pnor Sales No Prior Sales
Source, for prior sales within the last within the last wthin the last within the last
within year of appraisal 36 months 12 months 12 months t2 months
Analysis of any currant agreement of sWe, oINUn, or Ilshng of subject propedy and analysts of any prior sales of subject antl coma -moles wimin one year N the dale nt appratsaU.
Other prior sales of the comparable properties occurred more than one year ago As of the eHechve dal- oI this report the subject is not
currently under contract or listed m the open market SubjeR.has not transferred within the past three yr ors.
INMCATEO VALUE RY SALES COMPARISON APP80ACH 8 180,000
This appraisal is made "'as Is" subject to the repairs, attemfiaw, inspections Ur candltions Ilstetl below su°ecl to eompletlon per plans w specifications.
Contlnluns at Appralsat No warranty of this appraisal is given or Implied.-NO IlablFity Is assumed for the stm~ aaral and/or mechanica'. elements of the
property.
Final Reconciliatlpn: Due to the lack of quality and qualm of rental data, the Income Approach was conside etl inappropriate and not utilized.
Greatest weight is given to the Sales Comparison Approach since it reflects the lypiral actions of buyers and sellers in the mari:etplace. Cost
Approach not utilized due to the age of the subject "' Date of Death Aus(iq W Piccolo
The purpose of this appraisal Ls tU es5mate the mamet value of the real properly that Is the suhlect of this mpod, hasaA on the abets candltions antl the certllicatipn, conl7ngent
and IimNing candltions. and market value detlnlfion Uat are stated In the apachetl Fretldla Mac Farm 439/FNMA famr 1004B (Routs=tl 06103 1.
I(WEI ESTIMATE THE MARKET VALUE, AS OEFlNED, OFTHEREAL PROPERTY TXATIBTNE SUBJECT OF TNIS REP011T, AS OF July 8. 2008^
IWNICR IS THE DATE OF INSPECTION AND THE EFFECTIVE GATE OF THIS BEPORT)TO BE $ __ ___..180,000
ppp8pl r_~.="-~,~ SUPERVISORY APGRAISER(ONLY IF REOUIREDI:
BlgnaNl~~-. I''Lg:. __ _ Slgneture _. _ __ Did Oid NOt
Name Pamela M. Reltanbach- PA Cert. Gen RE Apprelser Name __ _ _ Inspect Property
Dale Report Signed November l0 2008 _ __ _ __. Date Rapod Signed _ _
State CedillcaNUn # GA001804 Stale PA Shte Cemlmatlon k _ _ ___. State
Fmddie Mac
Fannie Mae Wrm 1004 fi~9;
Farm UA2-"WinTOTAC' appraisal sottwam by a la mode, roc.-- vavu-ucAmuuc
bile Nn 081 IOSII IFIi` Page #61
Addendum
vl~
Bprtawer/Client NIA _ __ _ __
Pmperry Atltlres's 1604 Wyndham Road
City _ Camp Hill County Cumberland _ _ State PA Zip CoAe 1]01 L60?4
I enAer Mirhael L. Banos Esquire
Improvements -Condition of Property. Cont'd:
The subject property is improved with a detached, 2-story residential dwelling. The firs[ floor of the home contains a
kitchen having a ceramic file floor, wood cabinets with Formica counter tops, electric range, microwave, dishwasher
and disposal; dining roam with carpeting, builtin shelves, crown molding and rhair rail; living roon with carpeting and
fireplace; family room with carpeting, crown molding and lighted ceiling fan, and full bath with vinyl flooring,
fiberglass shower, vanity, commode and laundry hook-ups. Second floor of the home contains three bedrooms and
a second full bath with tub/shower unit, vanity, commode and ceramic file flooring. Fuli, unfinished basement 1-car
garage, rear patio with motorized awing and shed.
The overall all condition of the home is considered as average/good. The estimated effective age is below the
actual age due to maintenance, condition, and comparison to competing neighborhoods. Physical depreciation is
attributed to age and normal wear and tear. No functional or economic obsolescence was noted.
Adverse Environmental Conditions, Cont'd
There are no known or apparent adverse environmental conditions that would negatively impact on the sale of the
property. The appraiser has not been informed, nor has the appraiser any knowledge of the existence of any
environmental or health impediment, which if known, could have a negative impact on the market value of the
subject property. The valuation contained herein is not valid if any hazardous items are found in the subject property
and stated within the appraisal report, including but not limited to'. Ureaformaldehyde foam insulation, Radon Gas,
Asbestos Products, Lead or Lead Based Products, Toxic Contaminants.
The subject is of an age where lead based paint may be present. The market does not penalize the property,
however, the client should be advised of its possible existence. It is assumed that lead based paint is not present. If
the client has a concern then a qualified expert in this field should be contacted to inspect the subject property.
SCOPE OF WORK:
Observation of the exterior and walk through observation of the interior of the property. Measuring the exterior of the
dwelling and detached garage. Review of the County Public Record data and Multi-List. Inc. records. Review the
county tax map online information, county tax map, zoning, and FEMA flood maps. Verifying, the comparable sales
with broker, agent, seller or buyer.
Note; Mark Baron was the assistant to the PA State Certified General Appraiser and assisted with this report and
rendered significant assistance in all aspects of its preparation and inspection.
DIGITAL SIGNATURES
The digital signature used on this report is an exact replica of the appraisers actual signature. The digital signature
has not been altered and is downloaded from the program by the appraiser. The digital signature is password
protected to avoid improper usage. The digital signature should be considered equal to an original signature of the
appraiser.
DEFINITION OF MARKET VALUE
The definition of Market Value "is from regulations published by federal regulatory agencies pursuant to Title XI of
the Financial Institutions Reform, Recovery, and Enforcement Ac[ (FIRREA) of 1989 between July 5, 1990. and
August 24, 1990, by the Fetleral Reserve System (FRS), National Credit Union Administration (NCUA), Federal
Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Ofrice of Comptroller of the
Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS. and FDIC
on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, tlated October 27, 1994.
This appraisal is not a home inspection and the appraisers' are not acting as home inspector's when preparing the
report. The borrower has the right [o have the home inspected by a professional home inspector. When pertorming
the inspection of this property, the appraisers visually observed areas that were reatlily accessible. The appraisers
are not required to disturb or move anything that obstructs access or visibility. The inspection is not technically
exhaustive. The inspection does not offer warranties or guarantees of any kind.
The appraisers are not home or environmental inspectors. The appraisers provide an opinion of value. The
appraisal does not guarantee that the property is free of defects or environmental problems. The appraisers
pertorms an inspection of visible and accessible areas only.
If the property is sold, this appraisal is subject to satisfactory inspection reports including, but not limited to wood
infestation, building inspections, etc.
Supplemental Certifications:
I certify that,
This SUMMARY APPRAISAL REPORT was prepared by Pamela M. Reitenbach, assisted by Mark Baron, Assistant
to the PA Certifietl General Real Estate Appraiser, for the exclusive use of Michael Bangs, Esquire (intended
user/client). The intended use of this appraisal report is for estate settlement purposes. Estimated market value is
Farm 1'ADD-"WinTOTAL" appraisal software by a la made, inc. -1-800-ALAMODC
u Pte Na. U81III501 PR Pnge H7
Supplemental Addendum FuekooattoeotvR
Bormwer/Cllent NIA _ _ _
Property Arlrlrrss 1604 Wyndham Road _
Clty _ Carnp HJl _ _ __County Cumberland State P4 Zip CuAe 1707 i-6024
Lender Michael L. Bangs, Esquire
the most probable price in terms of cash or in terms of fnancial arrangements equivalent to cash. The information
and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at
the time of the preparation of this report. Any use of this appraisal by any other person or entity, or any reliance or
decisions based on this appraisal are at the sole responsibility and at the sole risk of the third party. I accept no
responsibility for damages suffered by any third party, as a result of reliance on or decisions made or actions taken
based on [his report.
In my opinion, the reasonable exposure time linked to the value opinion is up to 180 days.
I further certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct.
- The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting
conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- We have no present or prospective interest in the property that is the subject of this report or to 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 wntingent upon the development or 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, or the occurrence of a subsequent event dirertly related to the intended use of this
appraisal.
- My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the
Uniform Standard of Professional Appraisal Practice.
- Pamela M. Reitenbach and Mark A. Baron have made a personal inspection of the property that is the subject of
this report.
~~~~~~~
Pamela M. Reitenbach `
PA State Cedified General Real Estate Appraiser
Form TADD-"WInTOTAC appraisal sottwere by a le made, Inc.- 1-800-ALAMOOE
'File No. p6f 166n11'HI, Page k8
DEFINITION OF MARKET VALUE: The most probable price, which a property sheuld bring In a compatdive and open market under eu cpnditons
mgoisite to a lair sale. the buyer and caller, each actlng prudandy, knowledgeably and assuming the phee Is not affected by undue stimulus. ImpPcif in Ihka
definition Is the consummafion of a sale as of a speehled data and the passing M trite from seller to huyer under condhlons whereby. (1) buyer and seller are
typically mptlvaleB, f21 both patlies are well informed or well advised, and each acting in what he considers his own best infeiest: (3) a maeonable rime is allowed
tar exposure in me open market, (4) payment Is made In terms of cash In 11.5. dellam or in terms of financial arrangements comparable themlo'. and (fij the pdre
mpresents me normal censlderatlen far the propafry sold unaflectetl by special or tractive financing or sales concessions' granted by anyone associated with
Ih0 sale.
`Ad~usrments to the comparablas must be made for special er creative financing ar sales concessions. Nu adlushnenls are necassarv
for those cns6 which are normally paid by sellers as a msuh of hadmon or law in a market area; mere uo[IS are readily identlfiable
since me seller pays these tests In viMally all sales transactions- Special or creative financing adjustments can be made to fhn
comparable properly by camparlsons to gnancing terms ahemd by a mlm party Insdmtional lender that is not already Involved In the
properly or tmnsacfion. Any ad~usMent sheuld not be calculated on a mechanical dollar for dollar cost of me linaneing or concession
but the dollar amount of any atllustment should appmxlmam me markets reaction to the financing or concessiens based on the
appraisers udgemem.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's eerltllcahon that appears In the appraisal repan subject to the lollowing
cond'Aions:
1. The appraiser will not be mspansmle far matters el a legal nature mat affect either the propetly being appraised or the flue to It. The appraiser assumes that
the title Is good and marketable an4 therefore, will not render any opinions about the fills. The pmpeny Is aVPmised on the dads of II tieing under msponsible
ownership.
2. The appraiser has Orovlded a sketch In the appraisal report to show approximate dlmenslons of the improvements and the sketch Is included cult to assist
Poe mailer of the repan In vlsuallzing the pmperly and undersmnding the appraiser's demnninagen of hs size.
0. The appraiser has examined the avalahle freed maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted
in the appraisal mean whether me subject she Is located In an Idengfied Special Flood HazaN Area. Because the appraiser fs net a surveyer, he or she makes
nc guaranties, express or implied, regaming this determinagen.
4. The appraiser will net give tesflmony or appear In coon because he or she made an appraisal of me property In puastlop, unless specific arrangements m do
so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at hs highest and best use and the improvements at their contribumry slue. These
separate ualuatlons of the land and Improvements must not be used In con~unctlon whh any other appraisal and era invalid it they arc s'o used.
fi. The appraiser has noted in the appraisal repan any adverse eondtions (such as, needed repairs, tlepreclatlo4 the, pmsence el hazaNous wastes, toxic
suhstances, ea_) ehserved during the Inspectlen of the suhlect pmperly or mat he or she herame swam of during the normal research Involved in pedolming
me appmisal. Unless etherwlse stated In the appraisal repoq the appraiser has no knowledge of any hidden er unapparent condhlons of me pmperly or
adverse environmental contllfions Including the presence of hazaNous wastis, toxic suhstances, ale.) that would make the propetly mare or lees v~tluable. and
has assumed mat there am ne such condiiiens and makes no guaramees or warranties, express ar Implied, regarding the condition of the pmpeny. The
appraiser will net be responsible br any such conditions mat do exist or for any engineering or testing mat might be mquired to Discover wheher such
condhlons exist Because the appraiser is not an expert In the field of enNronmental hazar0.s, the appraisal mport must not he considered as an
environmental assessment of me Drcperty.
7. The appraiser obtained me inlormatlon, estimates, and opinions mat were expressed in me appraisal repan from puurees that he or she considers fo he
mliable and believes them to be tree and cormcL The appraiser lees not assume responslblllty tar me accuracy of such items that wem hanlehed by other
panics.
8. The appraiser will not disclose the epntents al the appraisal repan except as pmvideD Ier In ma Uniform Standams of Proti~ssional 0.ppraisll Pracbce_
9. The appraiser has based his or her appmisal report and valuation conchisien for an appraisal mat is sub~ec[ to satisfactory completion. repairs, er
alterations on the assumptlon that complehan of the Improvements will be pedormetl In a wod(manllke manner.
16. The appraiser must prowtle his or her poor wdhen consent hebre the lendegcllant specified In me appraisal repan can Alstrlhute the apprulsal report
Qndudln9 conclusions about the property value, me appraiser's Idengry and professional designmieos, agd mtmm~ces N any prefesslonal apprulsal
organkahons or the firm with which me appraiser Is assoclahtl) to anyene other man me borrower, me motlgagee or its successors and usigns'. the motlgage
Insurer', consutlants", pralesslenal appraisal organizations', any state or federally approved tinanalal instihldoo', or any department, agency, or inslnlmantallty
of the tlnlted Stites ar any slate or the blsmcl of Golnmbia', except that me lender/client may D'aMhuti me property deecnptien section m the mpoo only to data
cellectlon or mperting sarvice~s) without having to obtain the appraiser's prier wrhten consent. The appraiser's written consent and appmv;d muss also
be ohlained helom me appraisal can be conveyed by anyone to the Public through edvemsing, Vubllc mlatiens, news. soles. or other media.
FretlDle Mac Form 434 699 Page 1 el 2 Fannie Mae bun 10048 Cr93
Pamela Behenbach
Porm ACR -"WinTOTAL" appmisal software by a la mode, inc. -1-Ago-ALAMOOE
Fie No_UN110SI11 PFtl Pegs #9.
APPRAISER'S CERTIFICATION: the Appraiser cedHies and agrees that
1. I have reseamhed the subject market area and have selected a minimnm of mree recent sales el properties most similar and proximate to me suh'lod pro{mdy
for cansitlemh'on In the sales comparison analysis and have made a dollar adjustment when appropriate to retleq the marke? reutlon to those Ile~ms of significant
varlatlom h a signUlcam item In a comparable property Is superior to, or more favomble than, the subject property, I have made a negah've adlustmenl N mdnca
the adjusted sales prise m the comparable and, B a slgnUlcant Item In a comparable property Is Interior to, or lass favorable than the subject property, I hive made
a positive atljustmem to increase the adjusted sales price M the comparable.
2 I have taken into consldemtfon the tacNrs that have en impact on value in my develo0~nt of the estlma2 P1 market value In me appraisal mood. I have not
knowingly wAhheld any slgnUlcant Information from the appraisal report and I believe, to the best of my knowledge. that all statements' ono Infermxtlnn m the
appraisal repad are true and correct.
3. I stated In the appraisal report only my own personal, unbiased, and professional analysts, oDinlons, and condnslons, which me suh'lect only m the runtingenl
and limiting conditons specified in this form.
4. I have no Uresenl Or prospective interest In the property that Is the sublect ro this report, and I have no present or pmspectlve personal Interest or bias wim
I respect to the partlclpanls In the transaction. I did not base, either padlally or completely, my analysis andor the estimate of market value In the appraisal repon
'~ on the race, color. religion, sex. handicap, familial staNS, er nacenal origin m eAher the pmspectlve owners or occupants of the subject property al of the. present
owners or occupants of me properties In the vicinity of the sublect Droperty.
', 5. I have no present or contemplated furore Interest in the sublet[ property, and nehher my cunenl ur lumre employment nor my compensation far padorming this'
appraisal is corAingent on the appraised value of the propeng
i, 6. I Was not required fo mood a pmdeferm7ned value or direction In value that favors the cause of me client or any related pally. the amount of the value estimate.
the atlalnment of a spedfic result, er the occurrence of a subsequent evem In order tp receive my compensation andlpr employment for penortning the :ytpmisal. I
did not hose the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage lean
L I pedprmed mis appraisal In coMormlty with the Uniform $tandaMe of Professional Appraisal Practice that were adopted and promulgated by the Appraisal
Standards Beard pf The Appraisal Foundafion and that were In place as of the eflectlve date of this appraisal, wlm fha axceptien et me departure provision of those
Smndards, which does not apply. I acknowledge that an estimate of a reasonable Ume for exposure in the open market is a ronditlon In the detinltlon of market value
I eno me estlmate I developed s cons7stem whh the marketing Ume noted in the nelghbomoetl section of this report unless I have otherwise stated in the
raCOnCIIdtIOn saCtlOn.
8. I have personally Inspecletl me Interior and egedor areas of me sublect property and Poe exterior of all propemes listed as comparables in the appraisal repad_
I lusher cemfy that I have noted any apparent or known adverse condtions In the subject Improvements. on the subject site, ur on any site within the lmrneNata
I vicinity of the subject property of which I am aware and have made ad(ushnents for these adverse centllUens In my enalysla of the property value to the nMant that
I had market evidence to support them. I have also commented about the effect of the adverse conditions on fha marketability of the subject properly.
9. I personally prepared all conclusions and op7nlons about the real estate mat were set tenth in fha appraisal report. If I relied on signAlwnt professional
i assistance from any intllvltlual or Individuals In the pedprmance of me appmisal or me pmparaUon of the appraisal repon. I have named such individual(s) and
disclosed me specific tasks performed by roam in the reconciliation section of this appraisal report. I cemfy that any individual so named is qualified to Derlorm
Ue tasks. I have net amhotltetl anyone to make a change to any Item In fha repod', memfore, If an unauthenaed change Is made tome appaisal repel. !will take
no mspanslbillly Icr it.
SUPERVISORY APPRAISER'S CERTIFICATION: II a supervisory appraiser signed the appraisal repon. he or she cedillas and agrees thaP.
I directly supervise the appraiser who prepareo fha appraisal repad, have reviewed the appraisal mood, agree wdh the slatemenlx and condus'lons of thr. appraiser,
agree 1e be hound by me appraiser's cetldicatlens numhemd 4 mrough 7 above, and am taking full maponsihdlry far the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 1604 Wyndham Road, Camp Hill, PA 17011-6024
_ _
APPRAISER: SUPERVISORY APPRAISER (only if required)
i
Sign~_~.,-mss` ___- __. SignaWm: _. _. _.
Name', Pamela M. Reitenbach, PA Cedified General RE Appraiser _ Name'.
Oate Signed. November 10, 2008 _
_. Date Signed. _
_...
State Cerfiticalipn #: GA001804 State Cemlicafien #:
or State License # Pr State License #.
State PA
_ _ State:
_
Explratien Date of Certdlcafion et License 6I30I2009 _ _ _ _ _ __ Expiration Date of CedUlcafien or Line~nse.
Dld Did Not Inspect Property
Fmdtlle Mac Farm 439 693 Page 2 al 2 Fannie Mao Form 10046 G93
Farm ACR - "WinTOTAL' aPPmisal software by a la mode, inc. -1 860-ALAMOOE
Shareowner Services
PO Box 64874
St. Paul, Minnesota 55164-0874
www.wel Isfargo. com/sha reownerservices
September 12, 2008 Request Number: 5181927
BANGS LAW OFFICE ID Number: HL35468
MICHAEL L BANGS WFType: CO
429 SOUTH 18TH STREET
CAMP HILL PA 17011
Regarding: PPL Corporation for AUSTIN W PICCOLO & JOANNE PICCOLO JT TEN
Dear Mr_ Bangs,
Account Number: 309703909E
Registration: AUSTIN W PICCOLO & JOANNE PICCOLO JT TEN
Creation Date: 06/18/1984
Issue Name of Stock: PPL CORP COMMON
Total Share Balance on 06/17/2008: 328.947
Closing Price per Share on 06!17/2008: $ 50.91
High: $ 51.42 Low: 8 50.91 Average: $ 51.165
Ticker Symbol for the Company is: PPL
It is exchanged or traded on: NYSE
If you have any questions, please call our Shareowner Relations Department at 1-866-280-0245.
Sincerely,
Shareholder Communications
Enclosures:
BILL OF SALE
I, JOANNE PICCOLO, the Executrix of the Estate of Austin W. Piccolo, have sold the
decedent's 1999 Buick LaSabre automobile, VIN #1G4HP52KXXH436002, to Donald Whipple
for the sum of Four Thousand One Hundred ($4,100.00) Dollars.
Date: /_`~1 -( v ~ 1~" ~1~,~`"~ -
J NNE PICCOLO
PSEC~
July 25, 2008
Account # 0168XXXXXX
MICHAEL L. BANGS
429 SOUTH 18TH ST
CAMP HILL, PA 17011
Dear MR. BANGS:
The following is the status of AUSTIN W. PJCCOI,O's account with PSECU as of die date of death.
Joint Owner's Name JOANNE PICCOLO, ADDED 03.25.1987 AS ]OINT'fENANT W/ROS
Date ofDeatlt 06/.17.2008
Date of Birth 08.15.1916
Share Description Open date Balance Accrued Dividend
S O1 Regular Shares 10.31.1983 $ 4,337.52 $ 2.36
S 04 Checking 05.06.1991 3,397.90 0.53
S 07 Money Market 08.23.2005 154,841.08 19094
C51 60 Month IRA Cerd£cate* 01.27.2004 2,443.07 3.54
C53 6 Mouth Certificate 08.23.2005 27,303.47 49.91
*Joamre Piccolo -designated [RA benefic iary
The dividend eanwd from January 1, 2008 through the date of death was $2,837.85. The decedent had uo loans with
us. We do not have safe deposit boxes for our members.
II you have any questions, please call 234-8484 in HatTisburg or our toll-free number, (800) 237-7328. At flte menu
prompt, enter 6 and then extension 2227.
Sincerely,
~~,
~, << .
~-,~~
Mea to F~rfax
Member ervice Representative
Finance SuppmY Unit
Pennsylvania State Employees Credit Union
Ma7n Address- 1 Credl~ Union Place, Harnsburc3, PA 171 10-2990 717234848-0 800237.7328
Mallin9 Address: PO. Box 67013, Harrisburg, PA 17106-7013 717.7772100 (fDD) H00 172.1 Y67 (TDD)
Tale, ued0 In is edcir l~ inwr@d 3y the Notional Gedll Unlon Admmsirotoa Equal Oppotlvully fonder WWW,pSeN.GOm
i,.-'
~. P. ',
,: ..
~~~~
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I, AUSTIN W. PICCOLO, of Lower Allen Township, Cumberland County,
Pennsylvania, declare this to be my last will and revoke any will previously made by me.
ITEM I. 1 direct that all my just debts and funeral expenses, including my gravemarker ~ ~`
and all expenses of my last illness, and any and all taxes and assessments imposed by any
governmental body as a result of my death, whether on property passing under this will or l , ..
otherwise, shall be paid from my residuary estate as soon as practicable after my decease as a ~
`V
part of the expense of the administration of my estate.
ITEM II. i give and bequeath my real estate located at 160'1 Wyndham Road. Camp ~
Hill, together with all of my household goods, automobiles, jewelry, and all other articles of ~~ -~
household and personal use, equipment and ornament, together wit't all insurance thereon and
relating thereto, to be divided evenly between my children, JOANNE PICCOLO and ti
GREGORY A. PICCOLO, or to the survivor of them. ~'"
ITEM 11I. I give, devise, and bequeath all the rest, residue. and remainder- of my f
possessions and estate of every nature and wherever situate to be divided as follows:
A. Twenty-five (25%) Percent to my son, BRIAN f TCCOLO, provided he
swvives my death by thirty (30) days. Should he predecease me or be deceased
on the thirty-first day after my death, his share shall be divided evenly among my
surviving children.
13. Thirty-seven and one-half (37.5%) Percent to my'daughter, ,IOANNI?
PICCOLO, provided she survives my death by thirty (30) days. Should she
predecease me or be deceased on the thirty-first day after my death, her share
shall be divided evenly among my surviving children.
C. Thirty-seven and one-half (37.5%) Percent to mysou, GREGORY A.
PICCOLO, provided he survives my death by thirty (30) da~~s. Should he
predecease me or be deceased on the thirty-first day after m} death, his share shall
be divided evenly among my surviving children. ,
a~
ITEM IV. All of the interests of the beneficiaries hereunde• shall not be subject to ~
~i.
anticipation or to vohmtary or involuntary alienation nor shall they're suhject to any execution or ~~
attachment
,~
N~~
ITF,M V. I appoint my daughter, 7OANNE PICCOLO, exe :utrix of this my last wi l 1. ~~ ,'`
1 ,i
ITEM VI. In addition to the other powers and authorities g; anted to my personal
representatives by Pennsylvania law and by the other terms and pro visions of this will, I hereby },~
~.
give to my persona) representatives the following powers and authorities effective without court \\'
\~V
approval and until actual distribution of all property: to compromir ;any claim or controversy;
~,
to make distribution in cash or in kind, or partly in cash and partly i,i Idnd. and in such manner as
my personal representatives may determine and at valuations finall.: to be fixed by them; to
invest in all forms of property, including any stock or other securiti. s in any corporate fiduciary
or its successor without restriction to investments authorized for Pennsylvania fiduciaries, as n n~
personal representatives deem proper, without regard to any princifle of rill. or divcrsilication:
2
. ,. .
to retain any or all assets of my estate, real or personal, without regard to any principle of rich or
diversification; to sell at public or private sale, to exchange, or to lease for any period of time.
any real or personal property and to give opfions for sales, exchanges, or leases, for such prices
and upon such terms or conditions as my personal representatives deem proper, and to allocate
receipts and expenses to principal or income or partly to each as my personal representatives
deem proper in their sole discretion.
ITEM VII. I direct that my personal representatives and fiduciaries shall not be rcyuired
to give bond fbr the faithfirl performance of their duties in any juri :diction.
iN WITNESS WHEREOF, I have hereunto set my hand this ~~'~
day of _ ~ ,~~;~ - _, 2002.
,
AUSTIN W. PICCOLO
The preceding instrument, consisting of this and THREE other typewritten pages. each
identified by the signature of the testator was on the date thereof signed, pablished, and declared
by AUSTIN W. PICCOLO, the testator therein nanied, as and for his last will, in the presence of
us, who at his request, in his presence, and in the presence of each other, have subscribed our
names as win~esses hereto.
4
.. ,
COMMONWEALTH OF PENNSYLVANIA )
( SS:
COUNTY OF CUMBERLAND )
"Che undersigned, being the testator whose name is signed to the attached or foregoing insh ument,
having been duly qualified according to law, does hereby acknowledge that l signed and executed the
foregoing instrument as my last will, that I signed it willingly; and that 1 signed it as my free and
voluntary act for the purposes therein expressed. ~`r !''
AUSTIN W.PI000LO
Sworn or affirmed to and acknowledged
before me by the stator lamed above
this ~'~lay of li~~l~ ,1l_~~1 , 2002.
ti @
F:w r ,~' ,, ~_ ~
l~Ay ~ cu^xT~i.tn!r x -n @4 a ':fti k
~`pivticy(pl'~tltrEAL~Ct`i`f7I""P~N'1~~YLVANIA )
(SS:
COUN"fY OF C~UMBFRLAND )
W~, ~C,~„~,,,.~(, ~ F'~ and~~~~.~~'~t}~ ~` ~i~~~~~l( ,thewnnc seswhose
names are signed to thehe attachoing instrument being duly qu~liiied accordim to la~a~, do
depose and say that we were present and saw the testator sign and execute the instrument ~s his last will;
that he signed it willingly and that he executed it as his free and voluntary act for the purposes therein
expressed; that each of us in the hearing and sight of the testator signed the will as witnesses; and that to
the best of our knowledge, the testator was at that time 18 or more years of age, of s and mind, and under
no constraint or undue influence. f /~ ,~ ~ ~ i ~ ~~
Sworn or affirmed to and
acknowled~jed~'bpfor me this
~~! day of I~ ~ t,~,~~(~`~ X002.
~.1
Notary Publi ~
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$~ER6S I.~1~ OF~IC~
429 SOUTH 18T" STREET
CAMP HILL, PA 17011
E-mail: mike erizon.net
PHONE: 717-730-7310
FAX: 717-730-7374
1v111.'HAI;'L L. 1fANGS, Attorney-at-Law
WENDY K. STRAUB, Paralegal
December 5, 2008
Glenda Farner Strasbaugh, Register of Wills
Cumberland County Courthouse
WILLIAM E. MILLER, JR.
Of Counsel
One Courthouse Square o _
Carlisle, PA 17013
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RE: Estate of Austin W. Piccolo ._
~ a .,, ~~
File No. 21-08-0717 ~
~
~; ~ -
-
;;^ ,
,
~ ~
Dear Mrs. Strasbaugh: > ~ = `-~_
~ -~ IV
Enclosed you will find the following: ~'
1. 1'he original Inventory;
2. The original and one copy of the Pennsylvania Inheritance Tax Return; and
3. A check in the amount of $30.00 to pay the filing fee.
The estate previously made an estimated tax payment on September 3, 2008. The return shows a
refund due in the amount of $591.53.
Kindly return a paid receipt to me in the enclosed, stamped, pre-addressed envelope.
If you have any questions or require anything further, please contact me.
ery truly yours,
~~~
Michael L. Bangs
wks
Enclosures
cc: Ms. Joanne Piccolo