HomeMy WebLinkAbout02-09-09` ~ 15056041125
REV-1500 EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes INHERITANCE TAX RETURN County Code Year File Number
PO BOX 280601 2 1 0 8 0 0 9 9 6
Hartisburg, PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
1 8 5 2 4 4 1 0 8 0 8 0 6 2 0 0 8 0 4 2 2 1 9 2 9
Decedent's Last Name
TAY L O R
Suffix Decedent's First Name
D O R O T H Y
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name
Spouse's Social Security Number
FILL INAPPROPRIATE OVALS BELOW
1. Original Retum
4. Limited Estate
QX 6. Decedent Died Testate
(Attach Copy of Will)
9. Litigation Proceeds Received
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
2. Supplemental Return
4a. Future Interest Compromise (date of
death after 12-12-82)
7. Decedent Maintained a Living Trust
(Attach Copy of Trust)
10. Spousal Poverty Credit (date of death
between 12-31-91 and 1-1-95)
MI
G
MI
3. Remainder Return (date of death
prior to 12-13-82}
5. Federal Estate Tax Retum Required
8. Total Number of Safe Deposit Boxes
11. Election to tax under Sec. 9113(A)
(Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0:
Name Daytime Telephone Number
H A R O L D S I R W I N I I I E 7 1 7 2 4 3 6 0 9 0
Firm Name (If Applicable)
I RW I N LA W O F F I C E
First line of address
6 4 S O U T H P I T T S T R E E T
Second line of address
City or Post Office
C A R L I S L E
State ZIP Code L
P A 1 7 0 1 3
REGISTER OF WILLS USE ONLY
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Correspondent's a-mail address: irwinlawoffice~gmail.com
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. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
ai~rvHi ur~t ur rtresoN RESPONSIBLE FORhILING RE
OTHER THAN~F,PRESENTATNE
DATE
64 S Pitt St,~ Carli~le PA 1 701 3-3220 `~.~~/~(~•
PLEASE USE ORIGINAL FORM ONLY F
Side 1
15056041125
15056041125 J
y
A
15056042126
REV-1500 EX
Decedent's Social Security Number
Decedent's Name: DOROTHY G. TAYLOR 1 8 5 2 4 4 1 0 8
RECAPITULATION
1. Real estate (Schedule A)
..................................... 1.
... 0 0 0
2. Stocks and Bonds (Schedule B) ........
.......................
... 2. 0 0 0
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) .. ... 3. 0 0 0
4. Mortgages & Notes Receivable (Schedule D) ..................... ... 4. 0 0 0
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) .... ... 5. 1 5 0 0 0 0
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested .... ... 6. 4 5 5 0 0 0 0
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property 0 0 0
(Schedule G) ~ Separate Billing Requested .... ... 7.
8. Total Gross Assets (total Lines 1-7) ........................ ... 8. 4 7 0 0 0 0 0
9. Funeral Expenses ~ Administrative Costs (Schedule H) ............. ... 9. 1 2 0 6 9 3 8
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ......... ... 10. 9 9 9 1 0
11. Total Deductions (total Lines 9 & 10) ......
.................. , , , 11. 1 3 0 6 8 4 8
12. Net Value of Estate (Line 8 minus Line 11) ...................... ... 12. 3 3 9 3 1 5 2
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which 0 0 0
an election to tax has not been made (Schedule J) ................ .. 13.
14. Net Value Subject to Tax (Line 12 minus Line 13) ................ .. 14. 3 3 9 3 1 5 2
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2)X.0 _ 0 0 0 15.
16. Amount of Line 14 taxable
at lineal rate X .0_ 0 0 0 16
17. Amount of Line 14 taxable
at sibling rate X .12 0 0 0 17
18. Amount of Line 14 taxable
at collateral rate X .15 3 3 9 3 1 5 2
1 g.
19. Tax Due .............. ......................... .. ..... ..19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
0 0 0
0 0 0
0 0 0
5 0 8 9 7 3
5 0 8 9 7 3
Side 2
15056042126 15056042126
:EV-1500 FJC Page 3 File Number
Decedent's Complete Address: 00996
DECEDENT'S NAME
DOROTHY G. TAYLOR
JIKttIAUUKE55
823 HUMMEL STREET
CITY STATE zip
LEMOYNE PA 17043
Tax Payments and Credits:
~. Tax Due (Page 2 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit _
B. Prior Payments _
C. Discount
3. InteresUPenalty if applicable
D. Interest
E. Penalty
(1) 5,089.73
Total Credits (A +B +C) (2)
Total InteresUPenalty (D + E )
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Fill in oval on Page 2, Line 20 to request a refund.
0.00
(3) 0.00
(4) 0.00
5. If Line 1 + Line 3 is greater than Line 2, enter the difference, This is the TAX DUE. (5) 5,088.73
A. Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 +SA. This is the BALANCE DUE. (56) 5,089.73
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred : ...................................................................... ^ ^X
b. retain the right to designate who shall use the property transferred or its income; ............................... ^ X^
c. retain a reversionary interest; or ................................................................................................ ^ X^
d. receive the promise for life of either payments, benefits or care? ....................................................... ^ Q
2. If death occurred after December 12,1982, did decedent transfer property within one year of death
without receiving adequate consideration? ....................................................................................... ^ Q
3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? ......... ^ Q
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .................................................................................................. ^
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN
For dates of death on or after July 1,1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three (3) percent (72 P.S. §9116 (a) (1.1) (i)].
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 exemot 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 childtwenty-one years of age or younger at death to or for the use of a natural parent, an
adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in
72 P.S. §9116(1.2) (72 P.S. §9116(a)(1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1502 EX + (6-98)
i
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE A
REAL ESTATE
ESTATE OF FILE NUMBER
DOROTHY G. TAYLOR 00996
All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be
exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real ro which is 'oirrtl -owned with ri ht of survivorshi must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. NONE 0.00
__ TOTAL (Also enter on line 1 Recapitulation) ~ $ 0 00
(If more space is needed, insert additional sheets of the same size)
REV-1503 EX + (6-98)
SCHEDULE B
COMMONWEALTH OF PENNSYLVANIA
STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
DOROTHY G. TAYLOR 00996
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. NONE 0.00
TOTAL (Also enter on line 2, Recapitulation) 13 0 00
(If more space is needed, insert additional sheets of the same size)
REV-1504 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE C
CLOSELY-HELD CORPORATION,
PARTNERSHIP OR
SOLE-PROPRIETORSHIP
ESTATE OF FILE NUMBER
DOROTH7 G. TAYLOR 00996
Schedule C-1 or C-2 (including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, otfier than a
sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. NONE
0.00
TOTAL (Also enter on-line 3 Recapitulation) ~ 3 0 00
(If more space is needed, insert additional sheets of the same size)
:EV-1507 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
__ RESIDENT DECEDENT
ESTATE OF
DOROTHY G. TAYLOR
FILE NUMBER
00996
ITEM I
NUMBER
1. NONE
SCHEDULE D
MORTGAGES & NOTES
RECEIVABLE
All property jointly-owned with the right of survivorship must be disclosed on Schedule F.
DESCRIPTION
VALUE AT DATE
OF DEATH
0.00
TOTAL (Also enter on line 4 Recapitulation) ~ $ 0 00
(If more space is needed, insert additional sheets of the same size)
REV-1508 EX + (6-98)
t .
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
DOROTHY G. TAYLOR
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
L.~
FILE NUMBER
00896
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointlyowned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. MISC PERSONAL AND HOUSEHOLD GOODS 1,000.00
2. 1982 FORD ESCORT 500.00
TOTAL (Also enter on line 5 Recapitulation) I S 1
(If more space ~s needed, insert addihonal sheets of the same size)
REV-1509 EX+ (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
DOROTHY G. TAYLOR
SCHEDULE F
JOINTLY-OWNED PROPERTY
FILE NUI
00996
If an asset was made joint within one year of the decedent's date of death, k must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT
A. ROSEMARY E. SNYDER 623 HUMMEL STREET FRIEND
LEMOYNE, PA 17043
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 NUMBER OR SIMILAR
IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET % OF
DECD'S
INTEREST DATE OF DEATH
VALUE OF
DECEDENTS INTERESI
1. A. 6/8/1971 623 HUMMEL STREET 91,000.00 50. 45,500.00
LEMOYNE PA 17043
Value based on appraisal attached as Exhibit "B"
TOTAL (Also enter on line 6, Recapitulation) I S
45,500 00
(If more space Is needed, insert additional sheets of the same size)
REV-1510 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
DOROTHY G. TAYLOR
SCHEDULE G
INTER-VIVOS TRANSFERS 8~
MISC. NON-PROBATE PROPERTY
FILE NUMBER
00996
ITEM
NUMBER
1. NONE
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
DESCRIPTION OF PROPERTY
INCLUDE THE NAMEOF THE TRANSFEREE, THEIRRELATIONSHIPTO DECEDENT AND DATE OF DEATH %OF DECD'S EXCLUSION
THE DATE OF TRANSFER ATTACHACOPY OF THE DEED FOR iffAL ESTATE. VALUE OF ASSET INTEREST
__ (IFAPPLICABLE)
_ TOTAL (Also enter on line 7 Recapih
(If more space is needed, insert additional sheets of the same size)
a
TAXABLE
VALUE
0.00
o.oo
REV-1511 EX + (12-99)
' SCHEDULE H
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES $
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
DOROTHY G. TAYLOR OOggg
Debts of decedent must be repoRed on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1. NEUMYER FUNERAL HOME, INC. -Funeral Expenses 1,874.37
B. ADMINISTRATIVE COSTS:
1 • Personal Representative's Commissions
Name of Personal Representatlve (s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City State Zip
Year(s) Commission Paid:
2, Attorney Fees IRWIN LAW OFFICE 3,000.00
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4• Probate Fees REGISTER OF WILLS 181.00
5 Accountants Fees
6. Tax Return Preparers Fees
7. REGISTER OF WILLS -Filing Inventory and Appraisement 30.00
8. IRWIN LAW OFFICE -Attorney Fees for Reverse Mortgage 250.00
9. TIGER ABSTRACT -Closing Costs for Reverse Mortgage 6,133.67
10. FAITH A. NICOLA, TAX COLLECTOR - 50% Real Estate Taxes 500.34
11. TROY SCHOPPERT -Property Maintenance 100.00
TOTAL (Also enter on line 9, Recapitulation) S , ~ nao za
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX + (12-03)
' SCHEDULE 1
COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT,
INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS
RESIDENT DECEDENT ~
ESTATE OF FILE NUMBER
DOROTHY G. TAYLOR 00996
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. WEST SHORE EMS 231.84
Medical Bilis
2. PINNACLE HEALTH 49.27
Medical Bill
3. KEYSTONE OIL 432.99
50% Outstanding Fuel Oil 8711
4. M 8 T BANK 285.00
Negative Balance in Checking Account
TOTAL (Also enter on line 10, Recapitulation) I S
999 10
(If more space is needed, insert add~6onal sheets of the same size)
REV-1513 EX + (9-00)
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
DOROTHY G. TAYLOR ,,,,eee
a~
RELATIONSHIP TO DECEDENT
AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [include outrightspousaldistributions, and transfers under
Sec. 9116 (a) (1.2)]
1. ROSEMARY E. SNYDER Collateral
623 Hummel Street 100 % Residue
Lemoyne, PA 17043
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 T HROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT BEING MADE
1. NONE
0.00
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1. NONE
0.00
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET S
0.00
tir more space Is neeoeo, Insert additional sheets of the same size)
r
EXHIBIT "A"
f i •
LAST WILL AND TESTAMENT
I, DOROTHY G. TAYLOR, of 623 Hummel Avenue, Lemoyne, Cumberland County,
Pennsylvania 17043, do hereby make, publish and declare this to be my last will and testament,
hereby revoking all wills heretofore made by me.
1. I direct my personal representative to pay all of my debts, funeral and administrative
expenses as soon as convenient after my decease. I direct that all inheritance taxes imposed
or payable by reason of my death and interest and penalties thereon with respect to all property,
whether or not such property passes under this Will, shall be paid by my personal
representative out of my estate.
2. I authorize and empower my personal representative to sell any realty and/or personalty
owned by me at my death and not specifically devised or bequeathed herein, at public or private
sale or sales and to give good and sufficient deeds and/or bills of sale therefore, in fee simple,
as I could do if living. My representative is authorized and empowered to engage in any
business in which I may be engaged at my death, for such period of time after my death as
seems expedient to said representative.
3. I give, devise and bequeath all of my estate of whatever nature and wherever situate to
Rosemary E. Snyder.
4. If Rosemary does not survive me by a period of at least sixty (60) days, then my estate I
give, devise and bequeath to my aunt, Dolores M. Taylor.
5. I nominate and appoint, Rosemary E. Snyder to be the personal representative of my
estate, to serve without bond. If she cannot or does not serve, then I appoint Dolores M. Taylor
as my substitute personal representative, with the same powers and also without bond.
6. I suggest that my personal representative retain the services of Harold S. Irwin, III,
Carlisle, Pennsylvania in the settlement of my estate.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 6th day of February 2008.
t
~ ~ (SEAL)
DOROTHY G. T L R
Signed, sealed, published and declared by the above-named person as and for a last will and
testament, in our presence, who at said person's request, in said person's presence and in the
presence of each other have hereunto set our names as subscribing witnesses.
AClO~IOWLEDGMENT AND AFFIDAVIT
WE, DOROTHY G. TAYLOR, SARAH A. HARDESTY and JANE E. ADAMS, the testatrix and
witnesses respectively, whose names are signed to the foregoing instrument, being first duly
sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the
instrument as her last will and that she had signed willingly, and that she executed it as her free
and voluntary act for the purpose herein expressed, and that each of the witnesses, in the
presence and hearing of the testatrix, signed the will as a witness and that to the best of their
knowledge the testatrix was, at that time, eighteen years of age or older, of sound mind and
under no constraint or undue influence.
DOROTHY AYL R
COMMONWEALTH OF PENNSYLVANIA
as:
COUNTY OF CUMBERLAND .
Subscribed, sworn to and acknowledged before me by DOROTHY G. TAYLOR, the testatrix
herein, and subscribed and sworn to before me S,pRAH A. HARDESTY and JANE E.
ADAMS, witnesses, this 6th day of February 20 ~,~
COMMONWEALTH_OF PENNSYL.VAN[A
NOTARIAL SEAL
Harold S. Irwin Iii, Esq, Notary Public
Carlisle, Cumberland County
My commission expires Feb 06, 2(111
Notary Public
REAL F~TATE VALUATION ADVISORS
441~8573s16
ne
08/05l2001t
MSTBank
One Fourrtain Plaza -7th Floor
Buffalo, NY 14203
Fle Number: 00538783
i
To Whom ft May Concern,
in accordance with your request, I have appraised the real property at:
623 Hummel Avenue
Lemoyne, PA 17043
I The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved.
I The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the market value of the property as of Septembers, 2008 is:
541,000
Ninety-One Thousand Dollars
The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, limiting conditions and appropriate certifications.
rnank yoa,
Ifs
RL003411LMcCauley
Appreiser
PO BOX 689. CAMP HILL. PA 17001
SUMMARY APPRAISAL REPORT
Uniform Residential Aeoraisai RPnnrt
441.8573518
nnrerrnea
The ur ose of Nis s a !sal ra rt Is to Ida the lender/crknt with an aaurate, and ad vote so oral, o 'nien d the metier value of the sub t o
Pr AtltlresS 623 Hummel Avenue c Le ne sure PA code 17043
Boaower Rosems Sn der tAVre!r d Pttble Raced twrdh a r a E C Cumberland
al AS Deacritlad in Dead Bnok:24D Pa e:268
Assessors Pacer # 12-22-0824-143 Tax Year 2006 R.E. Tries f 1 470.78
Nei wme Na Reference 12-22-0824-143 census Tract 3240-106.00
Owner Tennr[ Varna id Assessmtnrs S NIA PUD spA S ear er momh
Pro Fees k Leasehold Otlra aeladfe
roam 7 F1Ad~ase Transaction Refirerra Trensectlon Other Oesaibe
Lenda/Crem M 8 T Bank Address One Fountain Plaza -7th Floor Buffalo NY 14203
is the axr offered fa sale a hea N Deer oRareO for sale in the twelve mondrs a to the aBecdve date d tnls a t7 Yes No
Report dab sarceW) ~ucd, offering price(s), end dsu(s). Search criteria used for information and verification was obtained usi
CtTUrtttousdML3 records. The search revealed the sub eGt the sub'ect has not been listed for sale in the 12 months.
I dtl d'd rat srayre Ure contract fa sale for the stageet purduse Uansauion. Expkin me resuhs d dx enaly515 of the toraan fa sale a why rite analysis was not performed.
NIA
Carq'act Prig 1 WA Ditf d Coaraa N/A h the sever Ure owner d die road? res No Data Souc s COURhOtlse
K there any flnendal axlnarce gear Clrrges, sale carcasslorls, gih a downpeynrem assiswrrz. ac) to he paid by any pony on behad d me aamvreR Yes No
M Yes, rcpon dre oral dorar amount and descibe the hems ro be paid, s NIA
Note: Ran andfhe nukl orlhe Ml f7barh
...t::.. ood ere na sisal factas.
...........
•~~,.~..,....... ~ .. .. .
..
..... ........ ... .. .. :. ...: ' 9~»~1har..
Locallon Urban Suburbs RaM Vaares a1aNS1 Stale PRE AGE Orie•Unil 80 %
tauat•U fleet 75% ZS75% Udder 25% Demo Shorts In BWnte Over S txo 2•a Urw 5 %
Gmeab Ra X Braise Slaw Mrae' Time Under 3 mths 3.8 mths Over6 mths 45 Law 10 tvhld•fam 5 %
Neighbataod Bounderks Nortt-• Pear South•Plum Stree East' 1st Stre West•10th 170 H 1001 Commerckl E %
Street 120 Pred. 70 t7Ura veore 5 x
Neighbahoodoesalpdon The sub tact is located in the Boro h of Lemo rte in a ominata sin le fami ne hborhood.
Em metTt is stable in the coon and is one of the hl treat in the state. All amenities are within a reasonable distance from
the su ecL Private tren Kollar Is r viral to reach all amenities.
aAerket Gond6ora Gncludhrg support to the above caahrsiorrs) The avers a time of a Ifstin Is 36 da sand has a median sales rice of 108 900
ear to date as r MLS. The market a ors to be stable in activi with no ma or increasi or decreasin values. tt is
normal for the sailer to closin costs to allowed limits fNMA or FHLMC.
DYnerebrta o..esaw w u.aaomarneu.e Area .08 Acre relict ram view Ave e
i6c CkssYhation UR Zed Urban Residential
Z Com race I sl Nancoraarnin Grcndfamercd Use No a I descrlDe
h the highest and best a3! d the subject property as irryxwed (a as proposed per plans and specrncadons) die presem uses Yes No K No. describe.
UGIRISS Pydk Over describe Pubic O[her Oexrlbs Off•anel rovemeM~T Public Private
Eleclridt ware Street As hale
Gas Oil Sanha Sewer Alk Yes X
FEMA S F7ootl HaiBM area Yes No FEMA flood Zone ZOrse C fEMN # 420361 OD018 fEMA Gate 1214!1979
Are the taafks and aR•sae' ovenrertrs leaf fa the market areal Yes No C rkstrrbe.
Are ttbre arty adverse sloe carditlms a exterrrel factors (asemems, erlcrwMmems, emirarnema) coaldiars, krd use. tseJ7 Yes No d Yes. descrbe. U n
fns on I found rso adverse etlCroachmerds conditions slide areas or assessmetats. The size she a and lantisca In of
the site is teal for the area.
r.:a; ~ 1. ...... ...
... :vn.::d•~ ?:
...n.... ::n.:.
Unit One OnewhhAtxes thta ConaeteSkb Creed xe faatdatknwaas COnCIStOn@!Av fleas 11VYVM IlAv
#d5taries Two Ftaeesemem P7rtglBasemea
r Oat. Ad. S-oeL)Enouna BesaluaArea 717 !L
under Corm. Basanea Fkdsh 40 % Exieriorwars BHcklFramelAv
RodSUface Seam TINSh/Av
Goners G lbw AlUminunuA wags PaneUA
TM1NFaish wtilPmiAv
Badt Floc Ca Av
Sarni-0etached t7utsldaE tNndowT DbleHu Av aaawainsea CaremiclA
Year eaa 1920 Evidence 0 kdestadon Stem SastdkrsWated CombinatbNAv Car Store Hare
Effective 14
Attic Dam ass Settlemem
None Heetl FWA HwaB Red'nm Saeem Existin /Av
Ameredes Wood s a Dr' r d Cars
SufxaNOnelA11
SUk Stales Other Fuel 0(I F' e s # Feree X Ga / d Cars 1
Floc Scume Cool! Cerwal At C PadolDedt Fbrch Cov Frt # d Cars
FnishM N IndividWl Otha Fool Otlfer BaIC Atl. Der, Buia•irr
eta Dhtawsna aTxrowave wa Odra eescrtse
FINSMO ^ea above contains: 7 Rooms 3 Bedrooms 1.5 Bath 1 663 Feet d Gross ' ' Area Atave Grade
Adlltloral feaeres (spew energy elflrierrt items, ate). The sub act eorRains the followln s stems and )tems:100 AMP Serivice which a ears
ode vote forthe su SummeliWlrRer Domestic HNY r Plumbin Covered Front Porch Bako
Desaroa the cat60orr d the property Oaluding rNeded repairs, tleleriogtlar. renovadwts, remodeling, etc.). There are n0 si nitlcant re airs needed wilts normal
wear and tear however there are defective alnt surfaces. The roofs rs to be En avers a condition with no a rent
leaks, The su act teas rao Funetlonal inad uacies. The nonresidential land use nee will not affect the ctrl value or
the future marketabil of the sub tact.
Arc there any physical deficiencies a adrase CorWhiorrs Ural aRea the dvabildy. soundness, a strucbual Megray d tM prepMyl Yes No u vas. awake. At the tithe
of the ins on there were no adverse conditions no~d~ taovrever the a leer is not nor in a re reserltln himself
or claimin to be an: E sneer Home Ins actor Surv or Buildin Contractor Roofln Contractor Electrk:lan Plumtser
Pairtin Contractor HVAC Contractor or a other of contractor or ex R.
Goes the preperty genercly codam ro the ndghbahaod (funttlonal Wi"ity, style, eandhbn, use, LonstrttcdoR ete.)T vas No K No, desaibe.
s.ss.re.. u..e
SUMMARY APPRAISAL. REPORT
441-8573616
Uniform Residential Agaraisal Resort ~Na. oos3s7sa
See Attached Addendum
...
'c ~' ~1`s•=: ~:;~:~"::'2n:c:.v •.•;; .,...::::. '1i~~~,!S~t ~~e:c`;e: -~~':'~
........::..:. ... i::: ,..,..
. it~Ak#lf=~
ProMdea idormNonfathelenderkNemto rethebdowwst andt:ekvleeblts,
Suppat Por Rte aplydon olslre vatue (sttmrnery of oonlpxauk lend sales a odta metltods for esdmating sue value) O nion of sfte value is based OTt the the
slloeatlon method as there was a Zack of viable rnaAset data to determine an o iniort of site value.
ESTpNATEO REPROOUCTpN OR REPLACEMENT COST NEW OPINION OG SRE VALUE .................................. ...... • S 10620
sour d mst data local construction Dwell! 1 663 . Ft m t 76.98...... ...... • s 126 356
rod ham amt service avers EReuive date of cost date 9!2008 Bsmt: 717 .Ft. S . Ft m f 8.11, ...... , .... • S 6 532
ComcttnasanCost h areacxadxbm, etc. A ponces Porches 6000
36 YEARS OF REMAINING ECONOMIC LIFE 309 . Ft m f 16.32....... ..... • s 5 027
SEE ATTACHED SKETCH ADDENDUM FOR SKETCH AND Total Estirrole d CdstNew ....... ., ., . • s 143 914
SQUARE AND FOOTAGE CALCULATIONS. Less 60 Fatctional External
DEPRECIATION - AGE/LIFE METHOD. IF THE COST aatlort 888 . s 38888
APPROACH WAS APPLICABLE THE MARSHAL AND SWIFT tedCostorl nn ........................... ...... S 105026
COST HANDBOOK OR LOCAL CONSTRUCTION COST AS A 'AS•If Value d Ste Im vaeenls ........................... ...... S 3 000
(RUtDE FOR THE ESTIIMATED REPRODUCTION COST.
Esdmase0 Etxmomk Lik HUD and YA 36 veers INOtCATEO VAUUE BY COST APPROACH ................... ... • S i 26 600
.. ...ill~hi~Ai(~1' ~u*Liell~(ricrcT~'" Ir ~"fannle:IG~ ~: ~ ~ ~ ~
..... ~. . ',~ ''
Eflirrgkd Lewket Ran S
NIA X Gross Rem ter NIA . S 0 IndkAted Value htcortta
Summit' of Ircome Appfoaoh (hxdtding wppat fa madret roe and GRIA)
... .. .
.. ...... •:La::•.1 •:•:,^,w:k.~:::^'::::::a:.-;.rre::;:.".~.ur::;;:%;~;,
s the 'hha in canaa of the HomeawrkR' Astxx4tlon 7 Yes No Uat Detadud attstlred
PrOalde the hlortnallon fa PODS ONLY Y the derelo lutitlr is In comrd d the HOA and dte is an anadtee ttat.
name or
Teal manDef d Total m/rallr a tells Total rumWr d umis sob
Tdel mam>ar d tnl6 reared Torel ntaMa of uab fa sak Dale sour s
Wa! dte oeaeed ale eortearstort a an Dtdl s has a PUD7 Yes NO 11 Yes, dale d tarwersion.
Does the oomeht mutidweU' unitsi Yes NO Deh sours
Are the umb, Common elatbms, end tetroadon (eciGes conpkMi Yes NO a No. descrl0e the status d ampedm.
Are Ute common dertrerlu kaud re a by dle Homeowners' Associadoni Yes No 0 Yes, describe the roaal terms and options.
Descrlhe conarton elareras and rocreatiagl lactatles,
SUMMARY APPRAISAL REPORT
~atasr~sfs
Uniform Residential Appraisal Report ~~. ot-saa~ss
This report form is designed to report an appraisal of a one-unit properly or a one-unit property with an accessory unit; inducting a
unit In a planned untt devek~ment (PUD). This report form is not designed to report an appraisal of a manufactured home ar a unit
in a c~rrdominium or eooperatlve project
This appraisal report is subject to the folbwing scope of work, intended use, intended user, definition of market value, statement of
assumptbns and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user,
definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work
to include any additional researdt or analysis necessary based on the complexity of this appraisal assignment. Modifications or
deletions to the certifications are also not permitted. However, additional certifiptions that do not cortatttute material atteratbns
ro this appraisal report, such as those required by law or those related io the appraiser's continuing education or membership in an
appraisal organization, a2 permitted.
SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, including the iolbwing definition of market value, statement of assumptions
and limiting conditions, and certifications. The appraiser must, at a minimum: (t) perform a complete visual inspegion of the
interior and exterior areas of the subject property, {2) inspect the neighborhood, (3) inspect each of the comparable sales from a<
least the street, (4) research, verity, and analyze data from reliable public andlor private sources, and (5) report his or her analysis,
opinions, and oondusbns In this appraisal report
INTENDED USE: The intended use of this appreisal report is for the lendeddiem to evaluate the property that is the subject of
this appraisal for a mortgage finance trensadion.
INTENDED U5ER: The intended user of this appraisal report is the tendeNdient
DEFINITION OF MARKET VALUE: The most probable price which a properly should bring in a competitive and open market
under all conditions requisite to a fair sale, the twyer and seller, each acting prudenty, tcnouvled9eabty and assuming the price is
not affected by undue stimulus. Impttcit in this defnfion is the consummation of a sale as of a spedffed date and the passing of
title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed
or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time Is apowed for
exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of finandal arrangements
comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by spatial or creative
financing or sales concessbns• granted by anyone assodated with the sale.
'Adjustments ~ the comparebles must be made for special or creative financing or safes concessions. No adjustments are
necessary for those costs whim are normally pakt by sellers as a result of tradition or taw in a market area: these casts are readily
identifiable since the seller pays these costs in virtualty all sales transactions. Spatial or creative financing adjustments can be
made to the comparable propeAy by comparisons to financing terms offered by a third party institutional lerxler that is not already
involved M the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the
fnandng or concession but the dollar amount of any adjustment should approximate the market's reaction to the finandng or
concessions based on the appraiser's judgment.
STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the
folbwing assumptions and Ilmtting conditions:
1, The appraiser will not be tespon~bie for matters of a legal nature that affect either the property being appraised or the title
to tt, except for Information that he or she became aware of during the research involved in performing this appraisal. The
appraiser assumes that the title is good and marketable end will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the imptovemems. The
sketch is inducted only to assist the reader in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provkled by the federal Emergency Management Agency {or
other data sources) and has noted in this appraisal report whether any portion of the subject sfle Is located in an klentified Spedat
Flood Flaratd Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this
determination.
4. The appraiser w@I not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, or as ofnemise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioretion, the presence of
hazardous wastes, toxic substances, etc.) observed during the inspection of the sul>jed property or that he ar she became aware of
during the research invdved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no
knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property {such as, but not Limited to,
needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse ernirommental conditions, etc,) that
would make the property less valuable, and has assumed that there are no such condttions and makes no guarantees or
warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or
testing ttrat might be required t0 discover whether such conditions exlsL Because the appraiser is not an expert in the field Of
environmental hazards, this appraisal report must not be considered as an environmerttal assessment of the property.
B. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory
completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be
performed in a professional manner.
SUMMARY APPRAISAL REPORT
441-857SS16
Uniform Residential Appraisal Report Frees. oos3e7a3
APPRAISER'S CERTIFICATION: Tha Appraiser certifies and agrees than
1, I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated In this
appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of
the Improvements In !actual, specific terms. I Identified and reported the physical deficiendes that could affect the livability,
soundness, or sWcturel integrity of the property.
3. I peRormed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice
that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at tt-e
time this appreisal report was prepared.
4. t deveoped my opinion of the market value of the real property that Is the subject of this report based on the sales comparison
approach t0 value. 1 have adequate comparable market data to devebp a reliable sales comparison approach for this appraisal
assignment. I further certiy that I considered the cost and Income approaches to value twt did not develop them, uNess otherwise
indicated in this report.
5. I researched, veAfied, analyzed, and reported on any current agreement for sale for the subject property, any offer~g for sale
of the subject property in the twelve months prior to the effective dale of this appraisal, and the prior sales of the subject property
for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report
6. i researctx~t, verified, analyzed, and reported on the prror sales of the comparable sates for a minimum of one year pray to the
date of sale of the comparable safe, unless oftTefwlse indicated In this report
7. I selected and used oompareble sales that are locationaly, physicalty, and tunctionatty the most similar to the subject property.
8. 1 have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home
That has been built or will be twist on the land.
9. I have repotted adjustments to the comparable sales that reflect the market's reaction b the differences between the subject
property and the comparable sales.
10. I verified, from a disinterested source, all intomtation in this report that was provided b!r parties who have a finandal interest in
the sate or finarxting of the sut>jed property.
11. I have knowledge and experience in appraising this type of property In this market area.
12. I am aware of, and have access to, the necessary and appropriate pulHic and private data sources, such as multiple listing
services, tax assessment records, public land records and other such data sources for the area In which the properly is located.
13. I obtained the information, estimates, antl opinions famished by other parties and expressed in this appraisal report from
reliable sources that I believe to be true and correct.
14. 1 have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
property, and the proximity of the subject properly to adverse influences in the development of my opinion of market value. I have
noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of
hazaMou9 wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property
or that I became aware of during the researoh involved in performing this appraisal. I have considered these adverse condtons in
my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject
property
15. l have not knouvingty withheld arty significant Information from this appraisal report and, to the best of my knowledge, all
statements and information in this eppratsaE report are true and correct.
18. I stated in this appraisal report my own personal, untriased, and protessbnal analysis, opinions, and conclusions, which are
subject only to the assumptions and limiting conditions in this appraisal report.
17. I have rw present or prospective interest in the properly that is the subject of this report, and I have no present or prospective
personal Interest or bias with respect to the participants in the transaction. I did not base, either partially of completely, my
analysis and/or opinion of market value in this appraisal report on the race, cobr, religion, sex, age, marital status, handicap,
familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or
occupants of the properties in the vldnity otthe subject property or on any other basis prohibited by law.
18. My employment and/or wmpensation for performing this appraisal or any future or anticipated appraisals was not condttloned
on arty agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined
speafic value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the
attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan
application).
19. I personally prepared ell conclusons and opinions about the real estate that were set forth in this appraisal report lt I relied on
significant real properly appraisal assistance from any individual or individuals in fhe performance of this appraisal or the
preparatbn of this appraisal report, t have named such individual(s) and discbsed the specitlc tasks performed in this appraisal
report. I certify that any individual so named is qualified to pertonn the tasks. I have not authorized anyone to make a change to
any item In this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.
20. I identified the IenderJclient in this appraisal report who is the individual, organization, or agent for the organization that ordered
and will receive this appraisal report.
mwasoe>ta
SUMMARY APPRAISAL REPORT
441.8573516
Uniform Residential Appraisal Report r1eNO. oos38783
21. The lentler/client may disclose or dlstritwte this appraisal report to: the borrower, another lender at the request of fhe borrower;
the mortgagee or its successors and assigns; mortgage usurers; government sponsored enterprises; other secondary market
participants; data cdledion or reporting services; professional appraisal organizations; any department agency, or instrumentality
Of the United States; and any state, the District Of Cdumbla, or otherjunsdlctlons; without having to obtain the appraisers or
supervisory appraiser's (d applicable) consent Such consent must be obtained before this appraisal report may be disGosed a
distributed to any other party (irxiuding, but not limited to, the public through advertising, public relations, news, sales, or other
media).
22. I am aware that any disclosure or disMbution d this appraisal report by me or the lender/client may be subject to certain laws
end regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appaisal Practice that
pertain to disclosure a distribution by me.
23. The borrower, another lender at the request of the borrower, the mortgagee or its suooessors and assigns, mortgage insurers,
govemment sponsored enterprises, and other secondary market partdpants may rey on this appraisal report as part of any
mortgage finance transaction that involves any one or more of these parties.
24. If this appraisal report was transmitted as an 'electronic record" containing my "electronic signature " as those temts are
defined in applicable federal andlor state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal
report containing a copy Of fepresentation of my signature, the appraisal report shall be as effective, enforceable and valid as if e
paper version of this appraisal report were delivered Containing my original hand written signature.
25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal
penalties including, but not limited to, floe or imprisonment or both under the provisions of Title 18, United States Code, 5edton
1001 , et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Apprelser certfies and agrees that:
1, I direclly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
anaysis, opinions, statements, conclusrons, and the appraiser's certification.
2. I accept full responsibility for the Contents of this appraisal report including, tart not limited to, the appraiser's analysis,
opinions, statements, conclusions, and the appraisers Certification.
3. The appraiser identified in this appraisal report iseither asub-contractor or an empbyee of the supervisory appraiser (or the
appra"sal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies with the Uniform Standards of Professional Appraisal Pracfie;e that were adopted and
promulgated try the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal
report was prepared.
5. It this appraisal report was transmitted as an "electronic record' containing my'electronic signature,' as those temrs are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal
report containing a copy or represerdatlon o! my signature, the appraisal report shall be as effective, enforceable end valid as if a
paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature ~ ~
Name Michael P. MCCauley
Company Name Real Estate Valuation Advisors
Comparry Address PO Box 689
Camp HIII, PA 17001
Teteptane Number 7i7.790-1b01
EmaN Addn~as reva.accountsr8leortuseat.nat
Date of Signature and Report 09/0912008
t:tfectlve Date o} Appraisal 08!05!2008
Slate Certification 0 RL003411L
or Slate License #
or Other (describe) Slate #
State PA
Expiration Date of Certification or license 06!3012009
Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or Stste License #
State
Expiration Date of Certification or l-icense
ADDRESS OF PROPERTY APPRAISED SUBJECT PROPERTY
623 Hummel Avenue Did not inspect subject property
l.emo~ne, PA 17043 Did inspect exterior of subject property from street
Date of Inspection
APPRAISED VALUE OF SUBJECT PROPERTY S 91 X000 ~ Did inspect interior and exterior of subject properly
Date of inspection
LENDER/CUENT
Name COMPARABLE SALES
Company Name M b T Bank ^ Did not inspect exterior of comparatNe sales from street
Company Address One Fountain Plaza - 7th Floor ^ Did inspect exterior of comparable sakes from street
eu(Falo, NY !4203 Date of Inspecliort
Emarl Address
Real Estate Valuations Advisors
4<7-0573818
, ~ AQDENDUM flr~ No. 00538783
or expertise needed m make such inspections. The appraiser assumes no responsibility for these atoms.
The appraiser hag conaklered the subject property to be located in a suburban residential area. The zoning, asset
forth by the townahiplborough, is not representative of the appraisers opinion. A borough setting, in general, is not
considered to qe an urban area tike that of a true citirlurban area.
At the present Limo the subject will conform to minimal FHA guidelines once repairs are complete. The property would
need to have aU defective paint surfaces scraped and painted. Estimated cost to cure is 53326 (calwlated at 52.06
persquare foot) for pslr-Hng and 6500 for the missing handrail. These numbers are for illustrative purposes ony and
could vary depending on actual corttactas used, H any.
At the time of the inspection the appreber noted there was asbestos wrap on the pipes in the basement.
Due to the lack of recently trensferned similartype homes from wkhM the subjectb immediate neighborhood, k was
necessary to exceed the recommended time guidelines (6 moftttts) and select sales similar in style, age, square feet,
site area, amenity and tunctionallty from within the subject's market area.
Indicated valor range exceeds 20M., however, this was necessary in oMerto provkle compareblea most similar In
age, style, square footage, functionality and amenities as the subject.
Estimated monthly taxes are 3122.5 per month. The appraiser cannot calculate estimated insurance rates as the
appraiser does have or know the caleulstkm methods for insurence.
Cost Approach Cammsnb
TM Cwt Ipproseh k not ryulnd M FannN Mae, hovrewr, has bean developed, n du ~equeat of tM e1Nm. TMro Is a aenerat eowensue
amore Real FsfaY Apprehero end proNsstonel appraisal oraaniradone That Me Cost rpproaeh MsMod of valwtion Is r-ndend 1neMeethre sAlsn
atfsmpdne to value formes of th4 cps. II Is eletaroro, eonsiwrod prudent for tIM appgiNr nal to Melude aN Cwt Approach In ale roport.
Iwahr as, k may actwlly M mbtsadlna to the el{sM. TM Cwt Approach oompiefs0 br Me apPnteer Ia not Y M wed ter Msuronu Purposes.
'ddendurn Papa 2 a2
FLOORPLAN
11.0' b
e4.5'
A~fee~
b
°~ D
Dining Room a
Living Raom
15.5
11.a
Beth
BBdfO01n b
r
b
Bednwm
n b
6eoroom
5.0'
Den
UI
I H
1
e~,e«~ 4,5 4,5
Comments
1
I
AREA CALCULATIONS SUMMARY
Code Desafptlon NetSke
NNTohb
GW-1 >ri.ret rioor 717.0 717.0
OZi12 8~oead Floor 749.8 769.8
liLl-7 Third Floor 196.5 196.5
Net ENABLE Area (Rounded) 1883
LIVING AREA BREAKDOWN
Qtia17dONe'1 Su
b[ohb
First Floor
11.0 : 48.0 528.0
4.5 s 12.0 189.0
8acond Floor
6.0 x 11.0 66.0
10.0 s 42.0 a20.0
2.5 s 5.0 12.5
0.5 x z.S z.s s.i
0.5 x 2.5 : 2.5 3.1
3.0 x 42.0 126.0
2.5 x 9.0 22.5
2.0 x S.0 10.0
0.5 : 2.0 x 2.0 2.0
0.5 : 2.0 : 2,0 2.0
2.S x 16.0 {0.0
2.5 x 17.0 42.5
Third Moor
1.5 x 6.0 9.0
11.5 x 15.0 187.5
16 Items (Rounded) 1663
I
I
---- .. _- ......------.._..-----._ . _.-._..__ - i
0 BOX 689, CAMP HILL, PA 17001
f SUMMARY APPRAISAL REPORT
441-8573516
Uniform Residential Appraisal Report F~Na. Dos36763
Thee ere 1 a
Thee are 7 k sales k the ti
FEATURE SUBJECT ffeed fQ sale la the ran In hltm f 119000 to f 119 000
e' wpln the ttveNa momhs w k sale tom f 85 000 ro ~ 133 000
COMP BlE SALE N0.1 COMPARABLE SM.E NO.2 COMPARABLE SALE N0.3
623 Hummel Avenue
Address Lemo no PA Sit Hummel Avenue
Lem rte PA 615 Hummel Avenue
tie 942 Hummel Avenue
Lemo rte PA
to °:' ::'"• '" I `~~~~' ~ 0.16 MI SW 0.02 MI ENE 0.28 MI YVSW
SalePrlce s WA i:~°i::5:r~::?!7~i'"~ ` s 86 D00 '' ''~`•:', ~ `.:` ~:::` f 86 000 -:: ' :'~.':::~ : :.: i s 108 500
SalePrioaGwttLkAree S 0.00 h. f 62.68 R :;~~.•::.::•:::~:•:. : S 55.84 R ..,r.:;.,.:...;~:::::;:i;.:~ S 86.66 R :::.:..s<;~:.~,:;::~:r::::::
Date `a;.;t;t"'I'-~`~`"'`~"''':'<< MLS#10158819 courthoUSaIMLS ML3*10160200
veracadat %.•`;i;;-,.`
. -.. Courtltottse-MLS ML.S#'10157441 CqurthouseJ'MLS
YALUE ADJUSTMENTS DESCRIPTION DESCRPTION s DESCRPTION . s DESCRIPTION .t~ !
Sale a ftmncttp
Cortoasbrls ''" "'='~~~' ~ `~ "'
~"> ' _?;`: ~:.:., ::;:..^,
- : Cam-17 Dom
1000 CCPD Corry-12 Dom
None Known FHA-27 Dom
5 550 CCPD
oaleasaletrmre `.' 041t1R008 07!19/2008 05101/2008
Locatbn Suburban Suburban Suburban Suburban
LeasNrddFaa sl Fee SIm a Foe Slm le Fee aim k F e Sim le
Slta .OS Aero .06 Acro .OB Acre ,06 Acre
Vtaw Aveta a Avers Ava a Ave
n e Semi-Detached Semi-Detached Semi-Detached Semi-Detached
Owi deorowedon Avare a Avoca o Ave a Ave
AOrleI 1920 i910 1921 1900
CoMtlah Ave a AverB a Averse Avers
AOaeGpde TaYr alms arse Taral ermf area Trw arse Taal sere
RoomCdunt 7 3 1.5 6 3 1.5 6 3 1 500 6 3 1 500
puss Aroa15.00 1 663 R i 358 fl. 4 BOS 1 . ft i 845 1 252 . R 6 165
easemeraaFhialted
RlJeai Babe Grade FulU717Sq.FL
Unflnlshed Futl
Unflnlahed Fuil
Unflnlshed Full
Unftnhihed
FtaafllorW Av a Ave a Averse Avers a
one Ad 1NOno /None Ad Certtrai -2 SOD
E EI6dM hems Nono None None None
1 Car Gera a None 2000 Norse 2000 None 000
PadYPatlolDear Cov Frt Porch Cov FR Porch Cov FR Porch Cav Frt Porch
Other None None Patio -500 Patio -500
Other Balco Cov Por Bel -1 500 None 1500 Covered Porch
Other lianctas A Ilances A liancea A liances
Nat . s 5105 . S 5 345 . S 665
AdJIAletlSakPrke
dC ''•+~'~;':~,.:"!::~:~'+J:i=::
"'~`''~" ~' ~~'" '""~`Y~`''~ NetAQ. 6.0%
Grote 9.5%
s 90105 Net Adj. 6.2%
pass 7.4%
f 91 345 NatAdJ, 5.2%
pose 10.8%
114165
I did OId rot research the sale a transfer Flistary d the wgject praperry antl comparolYe sales. r not explain
researct did did rol reveal 'a styes a transfers d tlu lathe dace s for ro the Mledive W to of this a iSal,
eta Courthouse
rasaamJt did tl10 rot reveal a sales a trmsfen d the cam hle sates fa the err ro me date d sale d the cam table sale.
eta CourlhOUSe
pie tewhs d the reahrch a
ITEM nd anal IS a dre 'v sale a aarMer h
SUBJECT d the and m
COMPARABLE SALE N0. t Dk sales add'oawl a sa
COMPARABLE SALE N0.2 les on
COMPARABLE SALE N0.3
WledPdasakrtms6r Noneln 3 ears None fn eat ear None st ear None st ear
Prke a Pda Saldrransfer 0
wlesa.c CoutthouserTALS CourthotrselMLS CouRhouse/MLS CoutltsotrselMLS
Elfeaive late a eta 09!2008 0912008 09!2008 0912008
AMlysis d prbr sale a aartsfer Msmry a the slA,jact property and tarlparaDk sales Search crRerla for the sub act did not roveai a riot sales for the
su act in the three ears. Seart:h criteria did not reveal an riot sales for the cam tables forthe st 12 mor-ths.
summary a5aks comparison Approach The cam ratsies used were the best !0 bo found in fhe sub" is same nei hborhood. The
cam robles show a market value ren a from 89 605 -131 . I have vve' had m o Inion In favor of can arable t72 as it
roflacls the mast robable value of the sub
hrdtaled value sales dear h f 91 000
Irnuted vMUe sales seeks 91 000 cost roach Ifdsvab s 126 600 rneoma each S WA
1 have wel had o Inion M favor of the Market A roach whk:h Is the bast indicator of value axis the Cost roach If
Bevel as au rt on .The Income roach is not a livable.
This appraisal a made 'as'a.' subject ro compktlon per plans and speci(Yetlan an the oasis d a hypottredcal rnrrdlan that the Irrgrovemems ttava been completed,
®sta>)ect b the faadArrg repass a aAeratWrts on the Dasta d a hypolllellul cbn6don that the repairs a ettantiars nave Dean comptete4 a ^wDject to the baowrg regaled
tKpealon based an dre e~araadkwy asstmtptlon that the candtion a dehdency dxs not regtare aAerahon a lapel: All defective dint surfaces to b@ sera ed and
Inted.
Based on a complete visual inspeetlon of the Interior and eatartor areas a lire subject property. defined scope of work, slatertNn[ of aswmp[ions and limiting
condltlona. end appraiser's cMllkcatlon, my (o~rJ opinion of the market value, as dertned, of the real property [hat Is the subject O1 this sport Is f 91,DOD
as err 09/051ZD08 wNd+ IS the data of l and dr McCtlw Wh of [his steer.
.._.._....-.. _.._ "°`°"^"" r+lra7d6 ...., ...o....o. ....~..~..,,,.: :tslassa[Ila
Real Estate Valuations Advisors
SUMMITRY APPRAISAL REPpRT
441-8673616
Uniform Residential Appraisal Resort FikNa. 00536763
FEATURE SUBJECT COMPARABLE SALE N0.4 COMPARABLE SALE NO.S COMPARABLE SALEfl0.6
623 Hummel Avenue
AOAess Lam na PA 719 Hummel Avenue
Lem ne
Pro to ,`.: 0.07 MI W$UY
SakPhce s NIA °;i<;;:`:~~':!:::::':`..' :. s 132900 s s
Srte PtiralGraaa LN. Area
s 0.00 n.
s 80.94 n
..' :; `
s
rt.
s 0.00 n, ..:.
.',
tbo s ~.::%' ::'s::::"'.::;..:~':" : CourlhouaslMLS
VerMca60n s •"'_:' ~:".'~'° :` MLSAH0155013
vAwE AtJJUSTMEArts oESCaIPTioN oESCwPiION .r• s OESCraPTpN .~• : oESCwPrION • s
Sak a FinerrcNrg
Concesaora COnv-16 Dom
Nona Known
Dwe d SetYTima "' 1211712007
6oatbn Suburban Suburban
LasenaNFee ~ Fee Sim le Fea Si le
Sits .OS Acre .12 ACre
view Averse Ave e
' n Seml-Detached Sem(-Detached
dConstruulon Avers Ave e
Agtai 1920 1800
CtxWnron Avers Ave e
Above GnGe rar sews awn rout err nr ease ash Tms earns arh
Room Cann 7 3 t.5 6 3 1.5 .500
Gros Arm15.00 1663 R. 1642 rt. s rt. n.
Besetnaab FWSheO
RoomstutavGrade fulll717 Sq.Ft.
Utsflnished Full
Untlnshed
Fraktbnd utls Averse Av
i A Ade ne
E EIIkbM irons None None
1 Car Gars e 2 Car Gana a -2 000
PagvPatktocn Cov Frt Porch Cov Frt Porch
Other None Patio -500
Other Balco None 1500
Other fiances A Ilances
d :.; ::.: ~ :::.:.. ..... ..
..
s :::r::: ;;,:::... ~ _ s 1 500 s 0 s
At~ute0 5ek Prke
d ~`
: ~' Nel AdJ. -1.1%
Gross 3.4%
s 131 400 Net Adj.
Gross 0.0%
0.0%
s 0 Nes AdJ. %
Grow %
s
fiEM SUB JECT COMPARABLE SAL E N0.1 COMPARABLE SALEN0. 5 COMPARABLE SALE N0.6
pate d Pear SalNrrarater None in 3 ears None st ear
Prim d Prior Seldfrarrskr 0 SO
oau CourthouselAALS CourthouselMLS
EeeatNeDaadren 09!2008 08!2008
Surma? d Sales Canpxnm Approach
•~•' ••• •~~• ~iripsesriw
SUBJECT PROPERTY PHOTO ADDENDUM
Borrower: Roseman Border File No.: 0()538783
PfonefN Addfess:623 Hummel Avenue Case No.:441.8573616
City: LemoYOa State: PA ZiD: 17043
Lerxler• M 8 T Bank ~- ~-~
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: Septembers, 2008
Appraised Value: S 91,000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE PROPERTY PFtOTO ADDENDUM
Borrower: Rosemary Snyder Fle No.: 00538783
Prop~tlr Address:623 Hummel Avenue Case No.:441-8573516 __
City: Lemoyne State• PA ~ Zip• 17043 •
Lender: M a T Bank
COMPARABLE SALE +k1
812 Hummel Avenue
Lemoyne, PA
Sale Date: 04111!2008
Sale Price: S 85,000
COMPARABLE SALE B2
615 Hummel Avenue
Lenroyne
Sale Date: 02119!2009
Sale Price: 5 86,000
COMPARABLE SALE A3
942 Hummel Avenue
Lemoyne, PA
Sale Date: osrollzoo9
sale Price: S 1os,soo
~, ` .
COMPARABLE PROPERTY PHOTO ADDENDUM
a
COMPARABLE SALE #4
718 Hummet Avenue
Lemoyne
Sale Dete: 12/17/2007
Sale Price; S 132,900
COMPARABLE SALE #5
Sale Date:
Sale Price: S
COMPARABLE SALE #6
Sale Date:
Sale Price: S
~..~~ *.
ADDENDUM
borrower. Kosemary Snyder File No • 00538783
Property Address. 623 Hummel Avenue Case No •441 8573516
City. Lemoyne State• PA Zip• 17043
Lender. M & T Bank
09/22/2008
At the time of the inspection the appraiser noted that the water pressure was weak. The appraiser did not call for
additional inspections or repair based on the HUD Handbook 4150.2's guidelines. The HUD Handbook 4150.2 states
that the appraiser is to "Check mechanical, plumbing and electrical systems in the subject property to ensure that
they are in proper working order. This examination entails turning on the applicable systems and observing their
pertormance. If any conditions exist that would affect the health or safety of the occupants, condition
the appraisal on the repair or alteration of the condition" and/or a "required inspection." As it is the appraiser's
opinion that low water pressure does not affect the health or safely of the occupants, no additional inspections or
repair was called for and would be considered at the Client's discretion. If the Client has further questions
regarding this issue, it is the Client's responsibility to order the appropriate inspections to satisfy their questions, as
the appraiser is not a licensed plumber.
The appraiser noted asbestos wrap in the basement, in which there are areas that would be considered friable.
Should the client have any further questions regarding the asbestos in the basement, it is the Client's responsibility
to order the appropriate inspections or contact an expert to answer any further questions. The appraiser does not
have the expertise to answer any questions regarding asbestos.
It appears as though comparable number four sold for more than comparable number two, due to the condition
differences between the two, at the time of their purchases. Comparable number four appears to have been in
better condition that that of comparable number two, based on MLS records and photos. Comparable number four
was used as additional support to show the market range in the subject's immediate market area. Although
comparable number four was considered to be in better condition than number two, it was also considered to be in
"As Is" condition and in need of some TLC, per the MLS records.
Areas that need to be scraped in painted:
All basement walls that have evidence of wom or chipping/peeling paint
Front door threshold and door frame
All interior and exterior window frames ,including window frames around basement windows
Second Story Bay Window/Exterior
Gutters and down spouts
Exterior foundation wall
Exterior paint on the sides of the front steps
Cracks in walls and ceiling in bedrooms need repaired and painted
Heating radiators
Interior door frames
Garage and garage door
Front porch/Balcony railings
Front Porch gutters and roof line edge
Balcony floor where there is evidence of chipping -the underside/edge
Steps to the third floor has the the handrail laying on the steps and not installed on the wail.
. - ~ / ~M w
Borrower. R°awnarY SrnEer Fib No 00539793
623 Hummel Awp~e Cana No 411.9573518 ~~
. L : PA :17043 .
Lender: M S T Bank
08/2212008
At the time of the Inspectbn the appreiser noted that the water pressure was weak. The appreiser did not call for
additional Inapactions or ropair based on the HUD Handbook 4tti0.2~a guktelinea. The HUD Handbook 47b0.2 states
that the apprelaer is to "Check mechanical, plumb-ng and ekrctrical systems in the sutyed property to ensure that
they are In proper working order. This examinatbn errtails fuming on the applicable systems and obssrvirrg their
performanu. If arty wndttiorrs exist that would affect the health or safety of the occuparrts, condition
the appreiaat on the repair or aMeration of the condition" andlor a "required Inspectbn ' As i! is the appraiser's
opinion that low water pressure does not affeetthe health or safely of the occuperrts, no additional inspectbns or
repair was wiled for and woukt ba conskiered atthe Client's discretion. tithe Cllerrt has further questions
regarding this issue, it is the Client's responsibility to order the appropriate irrspedbna to satisfy their questions, as
the appraiser is not a lieenaed plumber,
The appraiser noted asbestos wrap in the basement, in which there arc arena that would be considered friable.
Should the clierrt have arty further questions regarding the asbestos in the basement, it is the Cliert's responsibility
to order the appropriate inspections or corltect an expertlo snawer any further questions. The sppraiser does not
hwe the expertise to answer any questions regarding asbestos.
k appears ri though comparable number four sold for more than comparable number two, due to tM condition
diHerefrces between the two, at the time of tiwir purchases. Comparable numberfour appears to hwe been in
bMter condition that that of comparable number two, based on MLS records and photo. Compareble number four
was used as additional support to show the market range in the subject's immediate market area. Although
comparable number four was considered to be in better conditbn than number two, R was also considered to be In
"Aa Is" condition and in need of some TLC, per the MLS records.
Areas that need to be scraped M painted:
All basement walls that have evidence of wont orchipping/peeling paint
Front door threshold and doorframe
AU InteHor and ex0erior window frames ,including window frames around basement windows
Second Story Bay iMndowlExftrior
Gotten and down spouts
Exterior foundation wall
Exterior paint on the skies of the front steps
Cracks in walla and telling in bedrooms need repaired and painted
Heating radiatore
interior door frames
Garage and garage door
Front porchf8akony reliings
Front Porch guitars and roof line edge
Balcony floor where there Fs evidence of chipping • the underekleledge
Steps to the third floor has the the handrail laying on the steps and not installed on the wall
MarNY+nHp3d4
a~=_ -
.. OWE ~
~ ~
ax , .
~jbse"' ,8th daY o/ June in fbr yar o/ onr Lord Uwr
y .::
~Tba„and Niwa!lnwdrrd awd Seventy-ono (19.71).
rs. _•.; _.. ~.
~1't1UPP11 CHARLES N. HOAK and BEVERLY J`. HOAK., hie wife, of the
'B'osottgh;of Lemoyne; Cumberland County, Pennsylvania, Grantors, hereafter-
reYbrred to as the Parties of the First Part,
-AND-
'KGC;,>
DOROTHY G. TAYLOR and ROSEMARY E. SNYDEIt, both single
,women,. as joint tenants wlth'the-right of survivorship and not as tenants in
cgtnmon; -of the came place, Grantees, hereafter referred to as the' Partiea
of J/x crowd-part, ~itllf!5RCY11 Tbaf t/x,aiJ prrlieanJ rhr firer pare, for awJ in row,idrrdiow
of rbr m,n o/ -----FIFTEEN T'HOU$AND NINE HUNDRED ($15, 900.00)---------- ~
„,-Ddlart, larv/wl rnonry o/ !hr Unifrd Sbla of Amerin, nrll and lrnly paid by rhr ,ad p.riea o/ fbe ,.rood i
pnf to Jbr raid JrarAea of f/x fief par , at and be/orr rbr ,mfina and drli,•rry of thrrr pre,rnh, thr nrripr
r~brrro/. h bnrby arkiror~lydard, have granted, barga;nrd,
',old, a/irnrd, rn/roQed, rtlraed, ranveyrd and ronfinnrd arJ by Nine prr,rnf, du Yranr, barSain, ull,
`dirni rnfro~, rrln,r, ronrry, and ?onfirrn wnto fhr ,aid part ies nJ rhr trronJ pa.l their
brio and anion,,
'
~.
_ pp. _
• 1111 that certain piece of ground situated in the Borough of Lemoyne, Cumberland ~
•
..County, Pennsylvania, more particularly bounded and described as follows:
~ ... .. ~
,BEING the Eaat,half of Lot No. 83, See. "D", in a Plan of Lots known as Plan
~ D
No. 1 of Riverton, Pennsylvania, said plan being recorded in the Recorder's
Office in and for :Cumberland County, Pennsylvania; at Carlisle. Pennsylvania.
in Deed Book."J", Volume 4, Page 40. }
!
BEGINNING at a point on the North Bide of Hummel Avenue 'One Hundred and ~
,Eighty-(180) feet Weat of the`Northweat corner of Hummel Avenue and Sixth 4
Street.(formerly Raspberry Alley); thence at right angles with the said Hummel
Avenue in a. Northerly direction along the line of Lot N'o. 82 one hundred and 1
fifty (150) feet to Apple Alley; thence along the Southern line of the said Apple
~~Alley in a W'eaterly direction $evc:nteen and one-half (17 172) feet; thence at
right angles withthe said Apple Alley by a line through the middle partition
wall of a double brick three story house. One Hundred and Fifty (150) feet to
Hutsimel Avenue; thence along the Northern line of the said.Hummel Avenue
'Seventeen and One-half (1.7 172) feet to the place of. BEGINNING. bounded on '~
the North by Apple Alley; on the East by Lot No. 62 on the South by Hummel-
~ ij
Ayenue; on the West by the West half of Lot No. 83 and having thereon erected ,!q
the one-half of a double brick dwelling house, No. 623 Hummel Avenue, Lemoyne,
Pennsylvania, -
BEING the name premises which Frank E:. Kell and Margaret L. Kell, his wife,
by-deed Dated Oetotier 16, 1967 and recorded in Deed Book "N", Vol. 22, page
_ 8.91, .Cumberland County records, granted and conveyed unto Charles. N. Hoak
and Beverly J. Hoak, his wife. 800K~24P/,~E 268 ~ -
• _ ~'