HomeMy WebLinkAbout01-20-09 (2)s •
J 1505607120
--
REV-1500
EX (06-05)
PA Department of Revenue OFFICIAL USE ONLY
Bureau of Individual Taxes County Code veer File Number
IN
Po Box.2aosoi HERITANCE TAX RETURN
Harrisburg, PA 17128-0601 2 1 0 8 W 0 1 8 4
RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
207126739 01222008 01011924
Decedent's Last Name Suffix Decedent's First Name MI
FIGUEIRED~ MARY
(If Applicable) 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 IN APPROPRIATE OVALS BELOW
® 1. Original Return ^ 2. Supplemental Return ^ 3. Remainder Retum (date of death
prior to 12-13-82)
^ 4. Limited Estate ^ qa. Future Interest Compromise ^ 5. Federal Estate Tax Return Required
(date of death after 12-12-82)
~
® 8 Decedent Died Testate ^
(Attach Copy of Will) ~ Decedent Maintained a Living Trust
(Attach Copy of Trusl) g. Total Number of Safe De osit Boxes
- p
^ 9. Litigation Proceeds Received ^ 1 p. Spousal Poverty Credit (date of death
between 12-31-91 and 1-1-95)
^ 11, Election to tax under Sec. 9113(A)
(Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
N
ame Daytime Telephone Number
JOSEPH G. MANIACI 21533?~626
Firm Name (If Applicable) `-' O ~" - -
REGISTER OF
~~~ USNLY {`', "'
1
MANIACI CICC~TTA & SCHWEIZER ,
~
First line of address ~ ~
-` ~ Q
~J J ~ "' '?
..~
6 7 2 0 FRANKFCRD AVENUE .~:_~`; ~'
~
-
.
Second line of address , ,~ N
- `-
W
City or Post Office
Stat DATE FILED
e ZIP Code
PHILADELPHIA PA 19135
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 a complete. Declaration of preparer othQr than the personal representative Is based on all information of which preparer has any knowledge.
S ATURE OF PER N RESP NSIBLE FOR FILING RETURN ~' DATE
lF ~~` JOSEPH M. FIGUEIREDO ( Q (~
ADDRE
19 WESTGATE DRIVE, MT. HOLLY SPRINGS, PA 17065
SIGNATURE PREPA OTHER THAN REPRESENTATIVE
DATE
`~-~~ ~; ~~~ JOSEPH G. MANIACI l_ ~ ~~ p 9
ADDRESS ~. _
6720 FRANKFORD AVENUE, PHILADELPHIA, PA 19135
Side 1
1505607120
1505607120 J
r y
J 1505607220
REV-1500 EX
oeoeaem~s Name: F I G U E I R E D O, MAR Y
RECAPITULATION
1. Real Estate (Schedule A) .......................................................................................... 1.
2. Stocks and Bonds (Schedule B) ............................................................................... 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)....... ... 3.
4. Mortgages & Notes Receivable (Schedule D) ....................................................... ... 4.
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ............. ... 5.
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) ..................................................................... .. g,
9. Funeral Expenses & Administrative Costs (Schedule H) ....................................... .. 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ............................. ... 10.
11. Total Deductions (total Lines 9 & 10) ................................................................... ... 11.
12. Net Value of Estate (Line 8 minus Line 11) .......................................................... ... 12.
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made (Schedule J) ............................................... .. 13.
14. Net Value Subject to Tax (Line 12 minus Line 13) ................................................. 14.
Decedent's Social Security Number
207126739
280,000.00
18,328.82
74,533.54
372,862.36
- - -
18,196.82
743.82
18,940.64
353,921.72
353,921.72
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 15.
16. Amount of Line 14 taxable
at lineal rate X .045 3 5 3, 9 2 1 7 2 16.
17. Amount of Line 14 taxable
at sibling rate X .12 17.
18. Amount of Line 14 taxable
at collateral rate X .15 18.
19. Tax Due ..................................................................................................................... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
1505607220
Side 2
15,926.48
15,926.48
1505607220 J
REV-1500 EX Page 3
Decedent's Complete Address:
FIGUEIREDO, MARY
STREET ADDRESS
19 WESTGATE DRIVE
CITY
MT. HOLLY SPRINGS
STATE
PA
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
3. InteresUPenalty if applicable
p. Interest
E. Penalty
16,672.50
796.32
File Number 21 - 08 - W0184
(1) 15,926.48
Total Credits (A + B + C) (2) 17,468.82
Total InteresUPenalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
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.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(5)
(5A)
(5B)
(3> 0.00
(4) 1,542.34
0.~~
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 :.................................................................................. ~J x
b. retain the right to designate who shall use the property transferred or its income :.................................... ~^ ['
c. retain a reversionary interest; or .................................................................................................................. ^ x
d. receive the promise for life of either payments, benefits or care? .............................................................. ^_ L~_
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration? ....................................................................................................................... ^ x^
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... ^__
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ...................................................................................................................... ^ 0
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the
surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero
(0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements
for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a
natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116 (a) (1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent,
except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (a) (1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3)]. 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.
SCHEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERRANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FIGUEIREDO, MARY FILE NUMBER
,21 -08-W0184
-- - - -
All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price
at which property would be exchanged between a willing buyer and a wilting seller, neither being compelled to buy or sell, both having
reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on
schedule F.
ITEM DESCRIPTION VALUE AT DATE OF
NUMBER DEATH
1 REAL ESTATE: 726 SOUTH 2ND STREET, PHILADELPHIA, PA 19147 280,000.00
(SEE REAL ESTATE APPRAISAL ATTACHED)
TOTAL (Also enter on Line 1, Recapitulation) ~ 280,000.00
t ~
COMMONWEALTH OF PENNSYLVANIA ~'
INHERITANCE TAX RETURN
RESIDENT DECEDENT
__ - --r .._.__.
ESTATE OF FIGUEIREDO, MARY
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
21 -08-W0184
._~_
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of
survivorship must be disclosed on schedule F.
ITEM DESCRIPTION VALUE AT DATE OF
NUMBER DEATH
1 POLICE AND FIRE FEDERAL CREDIT UNION -IRA C/D NO.: 143630 15,638.85
2 POLICE AND FIRE FEDERAL CREDIT UNION -IRA C/D NO.: 195762 2,689.97
TOTAL (Also enter on Line 5, Recapitulation) ~ 18,328.82
SCHEDULEF
COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPER 1 I '~
INHERITANCE TAX RETURN II 1 R R 11
RESIDENT DECEDENT
ESTATE OF FIGUEIREDO, MARY FILE NUMBER
21 - 08 - W0184
If an asset was made joint within one year of the decedent's date of death, it must be reported on schedule G.
SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT
JOSEPH M. FIGUEIREDO 19 WESTGATE DRIVE SON
q. MT. HOLLY SPRINGS, PA 17065
JOINTLY OWNED PROPERTY:
---
ITEM -
LETTER
DATE
C~F~SCRlPTlO~ C~F PRO~ERTY
Include name o Inanaal Ins I u Ion an bank account number
DATE OF DEATH
% OF
NUMBER FOR JOINT
TENANT MADE
' JOINT or similar identifying number. Attach deed for jointly-held real VALUE OF ASSET
I DECD'S
NTEREST
+estate. ,
1 A. 09/22/1987 POLICE AND FIRE FEDERAL CREDIT UNION - 2,393.71 ', 50%
'~~ S1 (SAVINGS) ',
2 A. ' 09/22/1987 POLICE AND FIRE FEDERAL CREDIT UNION -', 5,082.83 '', 50%
S4 (CHECKING) ',
' '
3 ~
A.
~I 09/22/1987 ,
POLICE AND FIRE FEDERAL CREDIT UNION '
3,113.04 ',
50%
~~; S5 (MONEY MKT.) ',
4 A. ~ 09/22/1987 POLICE AND FIRE FEDERAL CREDIT UNION ' 106,281.26 50%
', ~ S25 (PREMIUM YIELD) ',
5 A. 09/22/1987 POLICE AND FIRE FEDERAL CREDIT UNION -'', 21,337.97 ' S0%
' ' ~ C/D NO.: 166506 '
i '
'
6 ', A. ~ 09/22/1987 POLICE AND FIRE FEDERAL CREDIT UNION -'', 10,858.24 ' 50%
', ' ~, C/D NO.: 260205
DATE OF DEATH
VALUE OF
DECEDENT'S INTEREST
1,196.86
2,541.42
1,556.52
53,140.63
10,668.99
5,429.12
TOTAL (Also enter on line 6, Recapitulation) 74,533.54
SCI-EDULE H
COMMONWEALTH OF PENNSYLVANIA r~.71~ w~..l~
INHERITANCE TAX RETURN A r1AAIw11CT~ AT1~ /C MG~'~
RESIDENT DECEDENT /"~LA~~ ~rh7 ~ rW ~ ~YG L-LJv7 ~ ~7
ESTATE OF FIGUEIREDO, MARY
Debts of decedent must be reported on Schedule I.
- -
- -_ - ---
ITEM
NUMBER+FUNERAL EXPENSES: DESCRIPTION
A. 1 FUNERAL
2 'FUNERAL FLOWERS
3 ;FUNERAL LUNCHEON
I
4 'CEMETERY
5 '' HEADSTONE/ENGRAVING
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
~I
I' Social Security Number(s) / EIN Number of Personal Representative(s):
Street Address
FILE NUMBER
21 -08-W0184
AMOUNT
10,240.00
525.00
1, 741.74
1,130.00
185.00
City State Zip
j Year(s) Commission paid
2. Attorney's Fees MANIACI, CICCOTTA & SCHWEIZER
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
4.
Street Address
City State Zip
~ Relationship of Claimant to Decedent
Probate Fees CUMBERLAND COUNTY REGISTER OF WILLS
5. Accountant's Fees
6. i Tax Return Preparer's Fees
i
7. i Other Administrative Costs
1 ,HOMEOWNER'S INSURANCE (3 MONTHS)
1,500.00
472.00
329.50
TOTAL (Also enter on line 9, Recapitulation) 18,196.82
SchCe_du~le Hu'
COMMONWEALTH OF PENNSYLVANIA ' ~ -^7~--_ ,-'---
INHERITANCE TAX RETURN ~~~ ~ ~~~~
RESIDENT DECEDENT
__
ESTATE OF FIGUEIREDO, MARY FILE NUMBER
21 -08-W0184
2 REAL ESTATE APPRAISAL 175.00
3 ~ LEGAL ADVERTISING (SENTINEL $111; CUMBERLAND COUNTY LAW JOURNAL 186.00
'~, $75) ~
4 ', 2008 PROPERTY MAINTENANCE FEES, SNOW REMOVAL, EXTERMINATING, 1,501.58
' ETC. FOR 3 MONTHS FOLLOWING DEATH
5 MISCELLANEOUS (TRAVEL, POSTAGE, PHONE) j 211.00
Page 2 of Schedule H
SCHEDULEI
DEBTS OF DECEDENT, MORTGAGE
COMMONWEALTH OF PENNSYLVANIA LIABILITIES, & LIENS ~'
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FIGUEIREDO, MARY
Include unreimbursed medical expenses.
FILE NUMBER
21 -08-W0184
-_-
- -- - -
ITEM _ _ --- _ _ __
NUMBER DESCRIPTION AMOUNT
1 VISA (DEBT) 72.13
2 WATER/SEWER/UTILITIES 600.69
3 VERIZON 71.00
TOTAL (Also enter on Line 10, Recapitulation) 743.82
• REV-1513 EX+ (9.00)
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FIGUEIREDO, MARY
RELATIONSHIP TO
NUMBER j NAME AND ADDRESS OF PERSON(S) DECEDENT
RECEIVING PROPERTY oo Not ust Trustee(s)
I. ,.TAXABLE DISTRIBUTIONS [include outright spousal
distributions, and transfers
under Sec. 9116 (a) (1.2)]
1 'JOSEPH M. FIGUEIREDO ;SON
19 WESTGATE DRIVE
j MT. HOLLY SPRINGS, PA 17065
2 MARY JO PASQUARELLO SON
', 423 DEER PATH AVENUE
LEESBURG, VA 20175 !~
3 ~ MANUEL J. FIGUEIREDO SON
2942 WALNUT STREET
COLMAR, PA 18915
II
I
FILE NUMBER
21 -08-W0184
SHARE OF ESTAT~AMOUNT OF ESTATE
(Words) ~ ($$$)
1/3 OF RESIDUE
PLUS SCHEDULE F
ITEMS
1/3 OF RESIDUE
i 1/3 OF RESIDUE
I i
Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet
II. ANON-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 REV-1500 COVER SHEET 0,0~
LAST WILL OF MARY FIGUEIREDO
I, MARY FIGUEIREDO, of 6325 Mershon Street, in the City and County of
Philadelphia, Commonwealth of Pennsylvania, do hereby make, publish, and
declare this as and for my Last Will and Testament.
FIR T: I revoke. all Wills and Codicils thereto heretofore made by
me and direct that all my just debts and funeral and testamentary expenses
be paid as soon after my decease as conveniently may be done.
SE OND: All the rest, residue, and remainder of my estate, both real
and personal, whatsoever. and wheresoever, I give, devise, and bequeath to
my children, JOSEPH M. FIGUEIREDO, MARY JO PASQUARELLO, and MANUEL J.
FIGUEIREDO, in equal shares, share and share alike. If any of my said children
should predecease me, then in that event, 1 direct that the share of said
deceased child shall be distributed to the children of that deceased child, in
equal shares, share and share alike.
THIRD: Should my son, JOSEPH M. FIGUEIREDO, predecease me,
then I appoint my daughter-in-law, PATRICIA FIGUEIREDO, as Trustee for any
of his children who are then under the age of twenty-one (21) years. Should
my daughter, MARY JO PASQUARELLO, predecease me, then I appoint my son-
in-law, FRANK PASQUARELLO, as Trustee for any of her children who are
then under the age of twenty-one (21) years. Should my son, MANUEL J.
FIGUEIREDO, predecease me, then I appoint MARYANN as Trustee for her
daughter AMY and I appoint GINA as Trustee for her children ALEX and HOLLY,
if any of them are then under the age of twenty-one (21) years.
F URTH: I direct. that the legacy or share of real or personal
property falling to any minor under the age of twenty-one (21) under the
provisions of this my Will shall be retained by my Trustee, in trust, to invest
and reinvest the same, to collect the income, and after paying all expenses
incident to the management of the Trust, to use and apply as much of the
net income and principal as may be necessary in the sole discretion of my
Trustee for the minor's support, well-being and education, and that the
balance of principal and any accumulation of income remaining in the' hands of
the Trustee be paid to the minor upon attaining the age of twenty-one (21)
years. I direct that such payments for maintenance and education shall be
made without the intervention of a guardian, and the receipt of such person
as may be selected by my Trustee to disburse such payments shall be a
sufficient acquittance.
FIFTH: The Executor of my estate shall have full power to sell,
dispose, mortgage and convey any or all of my real and personal property at
public or private sale, for such prices and upon such terms as to cash and
credit as to him may seem best; and generally to exercise in respect to any
property at any time constituting part of my estate all right, powers and
;1i k
privileges which might or could be exercised by one owning such property
absolutely and in his own right.
IXTH: I nominate, constitute, and appoint my son, JOSEPH M.
FIGUEIREDO, Executor of this my Will, without bond in any jurisdiction in which
he may serve: If my said son cannot serve for any reason whatsoever, then
I appoint my daughter, MARY JO PASQUARELLO, but if she cannot serve for
any reason whatsoever, then I appoint my son, MANUEL J. FIGUEIREDO. All to
serve without bond in any. jurisdiction.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this ;~
day of ~.,Q,~,C,~,~ , 2000.
SEAL
Mary Figueiredo
SIGNED, SEALED,. PUBLISHED, and DECLARED by the above named
Testatrix, MARY FIGUEIREDO, as and for her Last Will, in the presence of us
who at her request, and in her presence, and in the presence of each other,
have hereunto subscribed our names as witnesses.
~~ ~e~
~o~J JJ e: ~e -~Ja V'~ ~~ v-~ L. e ~S~L ~t rq , ~~
.z ~ } ''~
_ - ~,~,.
RESIDENTIAL
ESTIMATE
OF VALUE
726 S. 2ND STREET
PHII,ADELPHIA, PA
RESIDENTIAL ESTIMATE OF VALUE
REGISTERED OWNER
ADDRESS:
REQUESTED BY:
LOT SIZE:
GARAGE:
The estate of Mary Figueiredo
726 S. 2nd Street
Joseph Maoiaci, Attorney
14' by 60'
None
ASSESSMENT: $24,864
ZONING: Residential, Apartments
PURPOSE OF APPRAISAL: To egtnnate the fir market value of the
unencumbered suzgle interest in the
subject property with all improvements
thereto as of this date.
*************~*****~~****«****~***~**************~**********«~~~x«x~*xs*~**~**
SITE IlVIPROVEMENTS: There is public water and sewer into the
property. Police and Fire are provided
by the City of Philadelphia.
NEIGHBORHOOD DATA: The properly is located in an Urban area
composed of single f unify homes. The area
is depreciating in value and demand for
available hour is fair to poor.
The property is about 1!2 mile to the nearest
grammar school, l m~e to the nearest high
school, and about 1/4 ms7e to major highway
access.
PROPERTY DATA: The property is a three story row home of
brick cor~shuction with a fiili basement; it has been
conversed to two apartments.
The basement level is builder's finished and houses
the heating systems and laundry faalities.
The first unit consists of two stories, five rooms and
a foil bath; the uppermost unit (3rd floor) consists of
three rooms and a f ill bath
There are two older gas fired hot water heating systems,
two 30 gaDon domestic hot water heaters, and two 100
AMP electric services, each entering a 100 AMP box
complete with circuit breakers; the age al'the roof
was unknown, with no signs of interior stains.
BUII,,DING DATA The basement level is of parged stone foundation
INTERIOR in fair condition. There are exposed wood beams,
and a cement Boor. There is a laundry hookup.
The main level has a common entry foyer, the first
unit consists of a living room, middle sitting room/parlor
and kitchen with a 4 burner gas range, oak overhead
and base cabinets, dishwasher, stainless steel sink,
disposal and formica counters and backsplash.
There is a set of stairs to a second story with a large
rear bath with older tub and tub surround and an
older vanity sink;, there are two fiill bedrooms.
The uppermost level consists of a from bedroom with
2 closets, a middle I'iving room and an older kitchen
with wood base and overhead cabinets, dishwasher,
stainless steel sink and formica counters and backsplash
and a four burner gas range; there is a small 3 piece bath
with older vanity sink and tub with surround.
BUII.,DING DATA: The property is made of red brick construction in
EXTERIOR adequate condition. There are mostly older inrterior
.double hung metal windows with triple track storm
and screens. There is a small fenced deck off
the 3rd level unit. The front curbing has sunk; the
sidewalk is in adequate condition and there is a metal
entry door to ~e basemend
**~***************************s***********~***~*«*«*~********************~*
COMPARATIVE PROPERTY
INFORMATION:
AREA DUPLEXES CURRENTLYFOR SALE:
1)15l 0 S. 2nd Street currently active on the market for 210 days at an asking price of $289,900. This
is a two story row townhouse converted to two apartments, a one bedroom and a two bedroom unit.
There are separate utilities; the upper level is a bi-level apartment with a rear exterior deck.
AREA DUPLEXES RECENTLY SETTLED:
1)1150 S 12th Street....... SOLD for $280,000 in October, 2008. This was a three story brick
townhouse converted to two apartments; a one bedroom and a three bedroom unit. It has new
kitchens, most new windows and a two car garage.
2)1158 S 13th Street.......SOLD for $283,250 in October, 2008. This was a three story brick
townhouse converted to two apartmeirts; a one bedroom and a two bedroom unit. Described as totally
renovated over the past 4 years rt features central air, a rooftop deck and a garden patio.
3)1224 S 2nd Street.......SOLD for $313,000 net price in March, 2008. This is a three story
townhouse converted to two apartments; a one bedroom and a two bedroom unit. There is also no
garage but it has a four car rear parking area, all ut8ities are separate with central air. The upper unit
has a large deck off the kitchen.
***«*x**********~~***********~**********************«****~***~***«****s*****
COMMENT:
Market value is determined as the highest price
estimated in tens of money which a property
w~! bring ~ exposed for sale on the open market
allowing a reasonable time to find a buyer, who
buys with knowledge of all the uses to which it
is capable of being used.
The subject property is centiraUy located in a
demandable area. Improvements have been added
over the years m upgrading, but much ~' it is now
dated and the materials used were below grade. There
is no designated parking nor garages which would have
helped increase it's value. The separate ut~ities help,
but much of that is also dated. Finally, the building square
footage is significantly smaller than much of the surrounding
area properties.
After careful inspection and euamination of the
property, as well as the available data, it is my
opinion that given adequate exposwe to the,
open market, the current and fair market price
for this property as ~ the 2008 calendar year would
be $280,000.
*****************~****~**~*****~******~«**~*********ss**«*************s****«
CERTIFICATION: I, Paul J. Waldowski, hereby certify that I have
personally inspected the property and have no
present or cornemplated interest therein No
importarn factors effecting value of this property
were lmowingly overlooked or withheld.
I further certify that to the best ~ my knowledge
and beliefs, the statements and opinions contained
herein are correct as set forth
~cw~~
Paul J. Waldowski
Associate Broker, Lic# AB-04I 783-A
Broker/Appraiser, Lic# BA-003452-L
January 8th, 2009
1CeSUllS - 1iCJ/1VL
RE/MAX Millennium-Huntingdon Valley
TREND Realty Records Detailed Report courtesy of: Paul Waldowski
1 of 1 Total Properties
726 S 2nd St
Philadelphia, PA,19147~402
~Phiiadelphia, Philadelphia County
Summary information
ri~G 1 Vl L
Office: 215-379-1100
Direct: 215-379-8200
E-rrrail: Pwal24t~aol.com
Owner Joseph M Figueriredo 8 Mary Prop Class Residential
Owner Addr 19 Westgate Dr Record Date 02/22N972
Owner City St Mount Holly Springs, PA Settle Date 0212211872
Owner Zip+4 17065 2009 Sale Amt S1
Owner Cr Rt 0003 Annual Tax $2,065
Geographic toformation
High Sch Dist Philadelphia City Lot 90
Neighbofiood None Available Latitude 39.94013
Ward 02 Longitude 75.145998
Taxid 023106000 Census 0018A02
Tax Map 4S22
assessment 8~ Tax information
Tax Year 2008 Taxable Bldg Asmt $17,742 Asmt As Of 07/2007
Municipal Tax $864 Taxable Total Asmt $24,864 Assessors Total Mkt $77,700
School Tax $1,191 Total Land Asmt $7,122 Mkt Val As Of 07/01/2007
Annual Tax $2,055 Total Bldg Asmt $17,742
Taxable Land Asmt $7,122 Total Asmt $24,864
Lot Characteristics
Frontage 14.00 Sq Ft 840 Zoning R10
Depth 60.00 Acres 0.02 Topography Level
Building Characteristics
Bldg Sq Ft 1,608 Res Design 3+ Story Exterior Masonry
Res Type Row/TwnhselCluster Stories 3.00
Codes & C3escriations
Land Use (U50) Res: Apt(s) Converted Row, 3 Sty, Masonry
Exempt Desc None
Transaction History (Complete)
Record Date 2/22/1972 Sale Amt $1
Settle Date 2/22/1972
Sale Remarks: Nominal
Owner Names: Joseph, M Figueriredo ;Joseph, Mary
Record Date 2/1/1972
http://taxwebwlbs2.trendmis.com/RR/ReportlDetailed.asp 2 /8/2009
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Owner Names: Figuehri sdo, Joseph M
Owner Remarks: PlusSpouse
Mort Rec Date 11/22N988 LenderName Atlantlc Flnartcial Federal
Mort Amt X6,850 Due Date 11/22/1988
Remarks: Conv
Mort Rec Date 3H11982 LenderName Phlla Police ~ Fire Federal Credit Union
Mort Amt 520,000 Due Date 3/1h982
Remarks: Conv
O 2009 TREND MLS -The data on thin repoR is compiled by TREND from various pubAc and private sources. The data on this repoR is not a legal flood
determination. Errors may exeat in any field on this report, including owner's name, tax amounts, mortgage history and prnpeRy charaaerisfics. Verify the aaxrracy
of aA data with the county ar munidpaAly. Generated: i/8/2l>a9 2.17:17 PM
htfi://taxwebwlbs2.trendmIs.com/RR/Re~ort/Detailed.asp 1 /8/2009
riiu~ ivicluuct i.isuir~ ncNvir. rtsS~ i ui ~
~ ~ ~RFJMAX Millennium-Huntingdon Office: (215) 379-1100
Member Full Report courtesy of: Paul Waldowski Direct Phone: (215} 379-8200
1 to 1 of 3 Listings ___..... __...___ E-mail: Pwal24~' ad_wm
1510 S 2nd St, Philadelphia, PA 19147 MUL ACT $289,90
MLS #: 5369804 Total Units: 2
MLS Area: 18147 Type: Row/TowNClu
19147 # Stories: 3.0
County: Phlladelpltla Design: Duplex
Tax ID #: 011071900 Age: 8.i NC: N
Subdh-! Nei: Pennsport ApSgFt: 1,200
3choo! Dist: Philadelphia #Eff Units:
-High: ;If1 Br Units:
-Middle: #26r Units:
- Eiem: #38r Units:
intemet: Y / Y
.......
Directions
Cross Street: Dicksinson St Map Grid: 8103A8
Tax Information Lot Information Insulation
RE TaxeslYr. 844 / 2008 Acr/SgFt 0.02 / 872 Land Use 050 Zoning R10A R-Factor Coil
Assessment 10208 Lot Dim 14X68 WaterFr~tt N R-Factor Wall
Financial Infiormation
Gross Ann Inc Gross Rent Must Ann Heat Exp Ann Ins Exp
Total Ann Exp $844 Cap Rate Ann kBec Exp Ann t1lMaint Exp
Net Operating Inc Ann WMSwr Exp Ann Other Exp
Unit Information
_ ..
Unit # Rooms Bedrooms Ful! Baths Part Baths Square Feet Occ~led
Rent LeaselExp
1 3 1 1 0 Y 600 Month To Month
2 6 2 1 0 N Vat~rtt
Features
HeatinglCooling/Utilities: GasHeat, NoA/C, GasHotWater, PubkcWater, PubC~cSewer, Garage(s) 8 Parking: NoGarage,
StreetParkng interior. PatlialBsmnt, Nolaundry, NoModifslUnk
Exterior: BrickExt, Other. FeeSimple
Remarks
_ ...
Public: Separate entrance to basement outside, separate ut6lkes and owner past' water. fiitst floor one bedroom, full
bathroom, eat in kilchen..second and thins floor are two bedroom bi-level apartment with modern eat in kitchen with sliding
doors to rear deck, full modem bathroom, third floor has two bedrooms, great investment opportunity...
Brokerage Information
~
Spectrum Realty SPECTRUM (215) 389-2222
SBr. 3 OPr 5289,900
ListAgent: Mario Tropea Jr 184373 (215) 389-2222 BBr. 3 LDt: 06/16/2008
CoListAg: Appt Phone: TBr:
Show:
Poss: Agmt: ER OMD:
Sign: Y DVB: N LMD: 06/16/2008
Bklrtt: N LBan: DOM: 207
Owner: see Ester Disclosure: PrExc: N PMP: 207
®Copyright 2009 TREND -Information originates from TREND or other MI.Ss as identified. Ap formation, regardless of source, is not
guaranteed and should be independently verified. Created: 01108!09 0222 PM.
http://www.trendm ls.com/MLS/Report/PrintMemberListingReport.aspx?reportID=1 &viewAll~&printCri... 1 /8/2009
ilLll 1V1G1i111G1 Ll:1Wl~, 1tG~ulL YBge 1 Of j
y .
REMIAX Millennium-Huntingdon Oific:e: (21~ 379-1100
Member Ful! Report courtesy of: Paul Waldowski Diced Phone: (215) 379-8200
2 to 2 of 3 Listings , _ _ .....__ E-maH:, pwat2'4~aolcom
__1150 S 12th St, Phiiadelphia,_PA 19147 ~ _ _ MUL STL $280,000
MLS #: 53665
ML8 Ar+~: 19147
19147
County: Philadelphia
Tax ID #: 021695300
Subdiv / Nei: Phila {south)
School Dist: Philadelphia
-High:
- Middle:
- Elem:
Total Units: 2
Type: Row/Town/Clu
# Stories: 3.0
Design: Duplex
Age: 999 NC: N
ApSgFt: 2,040
#Eff Unffs:
#1 Sr Units:
#28r Units:
4/3t3r Unfls:
Internet: Y / Y
directions
Take Washington Ave, Turn Left onto Sauth 12th Street
Cross Street: Federal Street Map Grid: 8102D5
Tax lnfarmatiom ~ ~ Lot Information ~ ~ Insulation
. .
RE TaxeslYr: 1230 / 2008 Acr/SgFt 0.02 / 1,O6i land Use U50 Zoning R10A R-Factor Ceit
Assessment 14880 Lot Dim 17X62 Waterfront N R-Factor Wall
Financial information
Gross Ann inc Gross Rent Mult Ann Heat Exp Ann Ins Ex
P
Total Ann Exp 51,230 Cap Rate Ann Elec Exp Arm Maint Exp
Net Operating Inc Ann Wtr/Swr Exp Ann Other Exp
Unit (reformation
..
lJnit # Rooms Bedrooms Fuli Baths Part Baths Square Feet ~ Occupied Rent Lease/Exp
1 1 1 0 N 500 Vacant
2 3 1 0 N 760 Vac;artt
Features ..... .........
Hea6ng/CoolinglUtilities: GasHeat, WaIl/WndowAC, GasHotWater, PublicWater, PubicSewer,100-150AmpQ
Garages) S Parking: 2-CarGarage, DetachedGar, 2-CarParking, StreetParkng Interior. FullBasement, TifeFl, Basement,
Garage, HookupLaundr, NoModifsNnk
Exterior. BrickExt, FlatRoof Other: Average+Prop FeeSimple, ConventFin
Remarks ~~
Public: Nice Comer Row House in Sauth Philly! Move in condition! New~IGtchen, Mast New Vlftndow, Ceramic on the 1st and
2nd floor, Nice Side Deck, Close to Super Market and Public Transportation. Bring in offer! Easy to Show.
Brokerage Informaton
` ~
Foundation Realty' Group, Inc
FNDTNGP (215) 923-5400 $Br• ~ OPr. 5269,800
ListAgent: Jenny Chong 60006782 (Z15) 923-5400 BBr. 2.5 I.Dt: 06/10/2008
CoListAg: Appointment Phone: (215) 923-5400 TBr.
Show: After office hour, call List~tg Agent: Cell Phone# 267-236-4352
Show: CaIIToShow, OwnerPresent Pons: 30-90DaysPos Agmt: ER OMD: 09/09/2008
Sign: N DVB: N L.MD: 11/132008
Bldnt: N LBon: QOM: 92
Owner. Could be you "." Disclosure: PrExc: N PMP: 92
_..
Contract 8 Settlement information
.. _.
Ity p
SellOffice: Foundation Rea Grou ,Inc FNDTNGP
(215) 923-5400PDt: 09/08/2008
LPr: $249.900
Se1lAgent: Jack Xiaa 60006689 (215) 923-5400 SDt: 10/30/2008
Financing: Conventional Sell Conces : N
®Copyright 2009 TREND -Information orfginates from TREND or other MLSs as identified. All information, regardless of source, is not
guaranteed and should be independently verified. Created: 01/08/09 02:22 PM.
http://www.trendmis.com/MLS/Report/PrintMemberListingReport.aspx?reportID=1&viewAll~&printCri... l /8/2009
Exterior Front
11U1L l~'1W11LKd 1+1JL111b' lt~rlJV1L ~ 1 ~'G ~ Vl J
RE/MAX MUlennium+luntingdon Offioe: (215) 379-1100
Member Fuil Report courtesy of: Paul Waldowaki Direct Phone: (215) 379-8200.
3 to 3 of 3 Listings _____,___ ._ E-mad: Pwa124~.oom
__ 1158 S 13th St, Philadelphia, PA 19147 ___4_~_ MUL STL ______$283,254
MLS #: 5412390 Total Units: 2
MLS An3a: 19147 Type: Row/Town/CIu
19147 # Stories: 3.0
County: PhiladNphia Design: Duplex
Tax ID #: 021611500 Age: 85 NC: N
Subdhr/ Nel: Phila (south) ApsgFt: 1,767
Scholl Dist: Philadelphia #Efi' Units:
-High: #1 Br Units: 1
- Middle: fx28r Units: 1
- ~~~ #3Br Units:
' lnbmet: Y / Y
Directions ~_ ~ ~~
Cross Str+eel^ Federal Map Grid: 8102D5
Tax Information Lot Information insulation
.. .
.. .. .
RE TaxesiYr. 939/2008 AcNSgFt 0.02 / 903 Land Use U50 Zoning R10A RfacMr Ceil
Assessment 11360 Lot D6n 17X53 wabrfront N R-Factor Wall
Financial Information
Gross Ann inc ..520,100 ... (BOSS Rent Molt 14.09.. Ann~Heat Exp .. Ann Ins Exp... 51,500
Total Arm Exp 53.389 Cap Rob 5.90 Ann Elec tarp Arm Maint Exp 5500
Net Operating Inc 616,711 Ann Wtr/Swr Exp 5450 Ann Other Exp
t}nit Information _
.....
..Unit # Rooms Bedn~oms. .~Full.Baths ~ .... Part Baths ....Square Feet ......Occupied .Rent . LeaselExp
1 1 1 0 Y 675 03/31/09
2 2 1 1 Y 1000 09/30/08
Features
. .
Heating/CoolingNtilittes: GasHeat, CentralAtr, GasHotWater, PubiicWater, PubNcSewer, Garage(s) 8~ Parking: NoGarage,
StreetParkng, PermitPartvtg trrbrior. FuNBasement, WasherlnUnit, DryerlnUnit, NoModifslUnk
Exterior. StoneExt, Ott>~: Average+prop FeeSimple
Remarks
....
Public: ~ Wonderful opportturity in the booming East Passyunk Square neighborfioodlt This kyur malntenani~ duplex was
totatly renovated approximately 4 years ago. The first floor 1 bd/1 ba unR has access b baserrtent and rear patio garden, and
features central air, washer/dryer, and dishwasher. The upper floor 2 bd/1.5 ba bi-level unit has a magnifit~rtt roof deck, Iarge
eat-in kitchen, andwasher/dryer and is great for. an owner~ccuparrt. Gas and electric are separately metered and each unit
has its own HVAC and hot water heater.
Brokerage Information
Prudential_Fox & Roach Reakors-Wa~ut ~ ~ PFR-WALLA ~ (215) 627-6005 SBr OPr: 6299,0
ListAgent: John Brown 178376 (215) 440-8173 BBr. 3 LDt: 093/2008
CoListAg: Sean Kaplan Appointment Phone: (877) T37-7489 TBr.
Show: Call-877-737-7469 For Showings
Show: LAMustAccSttw, 24HrNoticShw Poss: NegotPoss Agmt ER OMD: 09/30/2008
Sign: Y DVB: N LMD: 10h6/2008
Bktnt: N LBon: t>OM: 28
Owner. See Broker Disclosure: PrFatc: N PMP: 162
Contract & Settlement Information
..
SellOffice: Prudential Fox & Roach Realtors-Southampton PFR-SO (215) 355-5100PDt: 09/30/2008 LPr: 6299,900
SellAgent: Gregory Benson 60018891 (609) 502-7444 SDt: 10/15/2008
Financing: Conventional Sell Conces: N
O Copy~ht 2009 TREND -Information originates from TREND or other MLSs as identified All information, reganiless of source, is not
guaranteed and should be independently verified. Created: 01/08/09 02:22 PM.
http://www.trendmis.com/MLSIReport/PrintMemberListingReport.aspx?reportID=l 8cviewAll~&printCri... 1/8/2009
' - L lull 1V1G111UG1 LlAUllg twG}wit !"ii}~'C 1 Ul 1
RE/MAX Millennium-Huntingdon Office; 1 378..1100
Member Full Report courtesy of: Paul Waldowski Direct Phorre: 0215) 379-8200
1 to 1 of 1 ListincLs
E-map: ~ad.com
___ 1224 S 2nd St, Philadelphia, PA 19147 ~_ MUL STL $322,000
Total Units: 2
Type: Row/Town/Clu
# Stones: 3.0
Design: Duplex
Age: 90 NC: N
ApSgFt: 2,288
#Eff Units:
#18r Units: 1
#28r Units: 1
#36r Units:
Inferrtet: Y / Y
Directions
Cross Street: Manton Map Grid: 8103A6
MLS #: 5122929
MLS Area: 19147
19147
County: Philadelphia
Tax IO #: 021383800
Subdiv / Nei: Pennsport
School Dist: Philadelphia
-High:
-Middle:
-Elam:
Exterior Front
Tax Information Lat Information Insulation
.. .. ...
RE Taxes/Yr. 2116 / 2007 Acr/SgFt 0.04 / 1,800 Land Use ~ U50 Zoning ~ R10A R-Factor Ceil
Assessment 25600 Lot Dim 18X100 Waterfront N R-Factor Wall
............... .
Financial information
.. ......
Gross Ann Inc 524,000 Gross Rent Molt 13.42 ~ Ann Heat
Total Ann Exp 56.466 Cap Rate 5.45 Ann Elec Exp 5300 Ann Maint~ ~~~ .
~ sl,zoo
Net Operating Inc 517,534 Ann WtrlSwr Exp 5450 Ann Other Exp
Unit Information ... " . _ .
_ _ _
Unit # Rooms Bedrooms Full Baths ~ ~ Part Baths
Square Feet ... .. .. .
1 1 1 0 ~ R000 Month Teo Month
2 2 1 0 Y 1000 Month To Mortfit
Features ..............._............. _.. ..........................
_..... .
................... ..
Hearing/Cooling/Utilities: GasHeat, CenttalAir, GasliotWater, PtiblicWater, PublicSewer. Garage(s) & Parking: NoGarage,
4-CarParking Interior. PartialBsmnt, WasherlnUnit, NoModifs/Unk
Exterior. BrickExt, Other: FeeSimple
Inclusions: Two Refrigerators One Washer ~ Dryer
Remarks _ ...................._._.... _.
Public: Great duplex in Pennsport with four car parking b~ the rear. First floor ur~t has a large garden, gas heat and central air
cond. Bi-~vel two bedroom upper unit has a large deck off the kitchen. A!I utilities are sep. also with gas hea# and central air.
Finished basement area used by first floor apt Thls house could easily be converted ~ a four bedroom home with two full
baths.
..._ ..
Brokerage information
Philadelphia Realty Exchange PHILEX (215) 545-8111 SBr. 2.5 OPr: $359,900
ListAgent: John Pemo 122863 (215) 545-8111 BBr: LDt: 09/1312007
CoListAg: Office Phone: (215) 545-6111 TBr.
Show:
Show: CaIfToShow, LAMustAccShw, 24HrNoticShw, Agent: ER OMD• 03/01/2008
TenantOccShw Poss:
Owner: Frank J Dattilo
Contract & Settlement information
_. _
SeilOffice: William Festa Realty
SellAgent: Lauren H. Herlich
Financing: Exchange
Sign: Y DYB: Y LMD: 03/30/2008
Bklnt: N LBon: DOM: 171
Disclosure: PrExc: Y PMP: 342
FESTAR (215) 271~000PDt: 03/01/2008 LPr. 3339,000
60028177 (215) 271-3000 SDt: 03/28/2008
Sell Conces: Y 59,000 Bldg repairs
m Copyright 2009 TREND - Infonmation originates from TREND or other MLSs as identified. AA information, regardless of source, is not
guaranteed and should be independently verified. Created: 01/08/09 02:38 PM.
http://www.trendmis.com/MLS/Report/PrintMemberListingReport.aspx?reportID=1 &viewAll=O&printCri... 1 /8/2009
Boaxn of n~cTOxs
Anthony LaRosa, Chairman
Tha®as F. Allen, Yce Chairman
John H. Richardson, Vice Chairman
Wlliiam A. Myers, Secretary
John LaRosa, Treasurer & CEO
John J. Finley, Director
Maria R Della Guardia, Director
NCUA
Federal Share Insurance
Savings Insurcd To 5100,000
POLICE
FEDERAL
CREDIT UNION
February 5, 2008
Mr. Joseph Figueiredo
19 Westgate Drive
Mt. Holly Spring, PA 17065
Dear Mr. Figueiredo:
RE: Estate of Mary Figueiredo, Deceased
Account No. 043978-O1
Date of Death -January 22, 2008
901 Arch Sweet
Philadelphia, PA 19107
21S/931-0300 • 800/228-8801
www.p~cn.org
Mitchel B. Klein
senior Vice ProsidenUGenera! Counsel
215N31-2x130
Fax: 215/931-2110
E-mail: kleinm~pffcu.org
Your recent request regarding the above-referenced account has been forwarded
to my attention. The date. of death balances for Ms. Figueiredo's Police and Fire~Federal
Credit Union account is as follows:
Principal Balance Accrued Interest
S1 (Saving) $2,392.26 ~ $1.45
S4 (Checking) $5,080.82 $2.01
SS (Money Market) $3,109.28 $3.76
S25 (Premium Yield) $106,156.91 $124.35
IRA Certificate No. 143630 $15,600.63 $38.22
Certificate No. 166506 $21,27386 $64.1-1
IRA Certificate No. 195762 $2,681.89 $8.08
Certificate No. 260205 $10,825.59 $32.65
All non-IIZA accounts and certificates were held jointly with Joseph Figueiredo
since September 22, 1987.
If you have any questions, do not hesitate to contact me.
Very truly yours,
_ ~~ /~
Mitchell B. Klein