HomeMy WebLinkAbout04-22-09--~ REV-1500 1505607120
EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes County Code Year File Number
PO 60X.280601 INHERITANCE TAX RETURN
Harrisburg, PA 17128-0601 RESIDENT DECEDENT 2 1 0 8 0 0 3 6 7
ENTER DECEDENT INFORMATION BELOW
Sociaal Security Number Date of Death Date of Birth
183122124 12012007 03111911
Decedent's Last Name Suffix Decedent's First Name MI
PATTON ADONIA L
(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 Return (date of death
prior to 12-13-82)
^ 4. Limited Estate ^ 4a. Future Interest Compromise ^ 5. Federal Estate Tax Return Required
(date of death after 12.12-82)
^ 5 Decedent Died Testate ^ ~, Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
^ 9. Litigation Proceeds Received ^ 10. between l2-3191 anditidatges)f death ^ 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:
Name Daytime Telephone Number
SAMUEL L. ANDES 7177615361
Firm Name (If Applicable)
First line of address
525 NORTH 12TH STREET
Second line of address
City or Post Office State ZIP Code
LEMOYNE PA 17043
L;
Correspondent's a-mail address: I a W a n d e S@ a O I. C O m
Under penalties of perjury, 1 declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is tale, correct and complete. Declaration of preparer other than the personal representative Is based on all information of which preparer has any knowledge.
Judith Ann Patton
~:~ ` i
425 Walnut Street, Lemoyne, PA 17043
SIGNA'rUR~'OF~PARE E R PRE A IVE DATE
---~~.. _ _ Samuel L. Andes / 3 /~ ~/~' ~~
525 North 12th Street, Lemoyne, PA 17043
Side 1
~„ 1505607120 1505607120
J
REV-1500 EX
oecedent~sNeme: PATTON, ADONIA L.
Decedent's Social Security Number
183122124
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.
1~D. 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) ................................................. ~
14. Net Value Subject to Tax (Line 12 minus Line 13) ................................................ . 14.
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
1:i. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2) X .00 15.
1 fi. Amount of Line 14 taxable
at lineal rate X .045 3 2 8, 8 5 2. 2 2 16.
17. Amount of Line 14 taxable
at sibling rate X ,12 17.
1 E3. Amount of Line 14 taxable
at collateral rate X .15 18.
1 E). Tax Due .................................................................................................................... . 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
1505607220
85,000.00
66,082.48
204,320.36
355,402.84
24,303.68
2,246.94
26,550.62
328,852.22
328,852.22
14,798.35
14,798.35
Side 2
1505607220 1505607220
REV'-1500 EX Page 3
Decedent's Complete Address:
File Number 21 - 08 - 00367
DECEDENT'S NAME
Patton, Adonia L.
STREET ADDRESS
425 Walnut Street
CIT`r STATE ZIP
Lemoyne PA 17043
Tax Payments and Credits:
1. 1~axDue(Page1Line19) (1) 14,798.35
2. Credits/Payments -
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
3.
Total Credits (A + g + C)
Interest/Penalty if applicable
(2)
0.0 0
p. Interest
E. Penalty
Total Interest/Penalty (D + E) (3) 0.0 0
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4)
Check box on Page 2 Line 20 to request arefund - -
5, If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 14, 798.35
q, Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 14, 7 9 8.3 5
Make Check Payable to: REGISTER OF WILLS, AGENT
`~'a,~
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred :.................................................................................. ^
b. retain the right to designate who shall use the property transferred or its income :.................................... ^
c. retain a reversionary interest; or ...................................................................~............................................... ^ z
d. receive the promise for life of either payments, benefits or care? .............................................................. ^ j
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration? ....................................................................................................................... I^ U
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? ...................................................................................................................... ^
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.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE 7AX RETURN
RESIDENT DECEDENT
ESTATE OF Patton, Adonia L.
SCHEDULE A
REAL ESTATE
FILE NUMBER
21 - 08 - 00367
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
NUMBER
DESCRIPTION
VALUE AT DATE OF
DEATH
1 I Single-family residence at 425 Walnut Street, Lemoyne, Cumberland County, PA. Value per
N appraisal attached.
85,000.00
TOTAL (Also enter on Line 1, Recapitulation) I 85,000.00
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS ~ BONDS
FILE NUMBER
ESTATE OF Patton, Adonia L. 21 - 08 - 00367
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER ''
1~
DESCRIPTION
41 shares of common stock in Alcatel-Lucent, Inc., at $8.035 per share (per
attached letter)
2 '~ 432.059 units in the Fidelity Magellan Mutual Fund. Valued at $100.26 per
unit per the attached letter.
3 112 Series E U.S. Savings Bonds ($50 denomination, value based upon
', proceeds when cashed-in.)
4 ' 110 Series EE U.S. Savings Bonds ($100 denomination, value based upon
proceeds when cashed-in)
5 !, 12 Series H U.S. Savings Bonds ($500 denomination, value based upon
proceeds when cashed-in)
UNIT VALUE
8.035
100.26
VALUE AT DATE OF
DEATH
_ - 329.44
43, 318.24
3,195.60
13,239.20
6,000.00
TOTAL (Also enter on line 2, Recapitulation) i, 66,082.48
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
COMMONWEALTH OF PENNSYLVANIA PERSONAL PROPERTY
INHERITANCE TAX RETURN
RESIDENT DECEDENT
FILE NUMBER
ESTATE OF Patton, Adonia L. 21 - 08 - 00367
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
NUMBER DESCRIPTION
1 Certificate of Deposit No. 022-0245770 with Fulton Bank
2 (Certificate of Deposit No. 251-0052200 with Fulton Bank
3 ~ Certificate of Deposit No. 21001021029 with PNC Bank
4 ~ Checking Account No. 67531857 with M8LT Bank
5 ~ Certificate of Deposit No. 031003914481468 with M&T Bank
6 Checking Account No. 1051068843 with Sovereign Bank
7 Savings Account No. 1054019391 with Sovereign Bank
8 ~ Certificate of Deposit No. 1055176828 with Sovereign Bank
9 ~ Certificate of Deposit No. 1055284986 with Sovereign Bank
10 ~ Regular share account with Penna. State Employees Credit Union
11 ~ Money market account with Penna. State Employees Credit Union
12 ~ 12-month Certificate of Deposit with Penna. State Employees Credit Union
13 12-month Certificate of Deposit with Penna State Employees Credit Union
(SEE ATTACHED CORRESPONDENCE FROM VARIOUS FINANCIAL INSTITUTIONS TO
VERIFY ABOVE DATE OF DEATH VALUES FOR ITEMS 1-13).
14 ~ Miscellaneous items of household furnishings, clothing and personal effects
15 ~ Federal income tax refund for 2006 received after date of death
VALUE AT DATE OF
DEATH
10,474.28
12,477.60
21,344.31
16,635.60
32,871.35
5,678.02
955.58
20, 791.22
11, 795.76
450.08
10,841.36
28,185.36
28, 362.37
1, 500.00
716.00
TOTAL (Also enter on Line 5, Recapitulation) I 204,320.36
SCHEDULE E
i
CASH, BANK DEPOSITS, & MISC.
COMMONWEALTH OF PENNSYLVANIA PERSONAL PROPERTY
INHERITANCE TAX RETURN
RESIDENT DECEDENT continued I
FILE NUMBER
ESTATE OF Patton, Adonia L. 21 - 08 - oo3s7
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 I DESCRIPTION VALUE AT DATE OF
NUMBER DEATH
16 '~, Pension checks from Penna. State Employees Retirement System which were cashed after date) 1,241.47
of death. i
Page 2 of Schedule E
ICI SCHEDULE H
FUNERAL DCPENSES &
COMMONWEALTH OF PENNSYLVANIA
INHEF2ITANCE TAX RETURN ~ Ar1AA~11@T~ATI~ IC /'-/1CTG~
RESIDENT DECEDENT FYJIr~llrl~7 ~ f~F1~ ~YG ~.I~./~7 ~ ~7
;TATS OF Patton, Adonia L.
Debts of decedent must be reported on Schedule I.
ITEM T
IUMBER DESCRIPTION
__ FUNERAL EXPENSES:
1 I Stone & Murray Funeral Home (funeral services)
t.
1
2
3
4
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
FILE NUMBER
21 - 08 - 00367
AMOUNT
8, 314.00
Social Security Number(s) / EIN Number of Personal Representative(s):
Street Address
City State Zip ~
Year(s) Commission paid ICI
Attorney's Fees Samuel L. Andes 15,000.00
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant ~~
Street Address
City
Relationship of Claimant to Decedent
Probate Fees Register of Wills
5. ~, Acc:ountant's Fees
6. Tar; Return Preparer's Fees
7. Other Administrative Costs
1 ! Curnberland Law Journal (advertising)
430.00
75.00
TOTAL (Also enter on line 9, Recapitulation) 24,303.68
Sc~ed~de H
II Funeral Eames ~ '
COMMONWEALTH OF PENNSYLVANIA I, ~ ~,~y.,~, ,~„~ ~
INHERITANCE TAX RETURN Vt711Y1 RIG7J
RESIDENT DECEDENT __
-~ _ ~ FILE NUMBER
,TATS OF Patton, Adonia L. 1I21 - 08 - 00367
1~T_
2 'George Clauser Real Estate Appraisals (appraisal of decedent's residence)
3 ~~~, The Sentinel (advertising)
__.
350.00
134.68
Page 2 of Schedule H
SCHEDULE I
DEBTS OF DECEDENT, MORTGAGE
COMMOHERITANCE TAX RETURNANIA LIABILITIES, & LIENS
RESIDENT DECEDENT
FILE NUMBER
ESTATE OF Patton, Adonia L. 21 - 08 - 00367
Include unreimbursed medical expenses.
ITEM - --- --
NUMBER DESCRIPTION AMOUNT
1 Borough of Lemoyne (sewer bill) 249.69
2 Comcast (cable television bill) 163.83
3 PPL (electric bill) 92 57
4 PAWC (water bill) 135.37
5 Trash bill 121.80
6 Verizon (phone bill) 49.96
7 Manor Health Care Services (television expense) 38.00
8 PA National Insurance (homeowners insurance) 112.00
9 Eshenaur Fuels (furnace repair) 166.85
10 Faith Nicola, Tax Collector 1,065.87
11 Consolidated Collection Service (ambulance fee) 51.00
TOTAL (Also enter on Line 10, Recapitulation) 2,246.94
REV-1513 EX+ (9.00)
COIu1MONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF FILE NUMBER
Patton, Adonia L. i
21 - 08 - 00367
NUMBER NAME AND ADDRESS OF PERSON(S)
RECEIVING PROPERTY RELATIONSHIP TO
I DECEDENT
Do Not List Trustee(s) SHARE OF ESTATE
(Words)
~ AMOUNT OF ESTATE
($$$)
j, ~ TAXABLE DISTRIBUTIONS [include outright spousal
distributions, and transfers
', under Sec. 9116 (a) (1.2)]
1 ', Judith Ann Patton Daughter one-half ~ 164,426.11
425 Walnut Street
Lemoyne, PA 17043 ~,
2 I Madelyn Patton Wynne ~
i Dau hter
9 one-half
164,426.11
2750 Heidelberg Drive it
Boulder, CO 80305
I
I
Enter dollar amounts for distributions shown above on lines 1
~~!,
I
5 through 18, as appropriate, on Rev 1500 cover sheet
II. INON-TAXABLE DISTRIBUTIONS:
jA. 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 0.00
Pa a #i
APPRAISAL OF REAL PROPERTY
LOCATED AT:
425 Walnut St
12-21-0265-044
Lemoyne, PA 17043-1663
FOR:
Samuel L. Andes, Attorney at Law
PO Box 168
Lemoyne, PA 17043
AS OF:
12-1-07
BY:
Dennis L. Stover
PA Certified Residential Real Estate Appraiser
Certification Number RL 138906
Clauser Real Estate Appraisals
PO Box 777
Camp Hill, PA 17001-0777
Form GA1- "WinTOTAL"appraisal software by a la mode, inc. -1-800-ALAMODE
Pa a #2
Samuel L. Andes, Attorney at Law
PO Box 168
Lemoyne, PA 17043
Re: Property: 425 W alnut St
Lemoyne, PA 17043-1663
Borrower.
File No.: 8-0401 R-2
In accordance with your request, we have appraised the alwve referenced property. The report of that appraisal is
attached.
The purpose of this appraisal is to estimate the market value of the property described in this appraisai report, as
improved, in unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and
city, and an economic analysis of the market for properties such as the subject. The appraisai was developed and the
report was prepared in accordance with the Un'rform Standards of Professional Appraisal Practice.
The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the
certification and limiting conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional
service to you.
Sincerely,
Dennis L. Stover
PA State Certified Residential Real Estate Appraiser
Certification Number RL 138906
BorrowegClienl Flle Nc. 8-0401 R-2
Pro a Address 425 Walnut St
C' Lemo ne Coun Cumberland State PA Zi Code 17043-1663
Letxler Samuel L. Andes Attorne at law
TABLE OF CONTENTS
Cover Page ............................................................................
Letter of Transmittal ...............................................................
Summary of Salient Features ..................................................
USPAP Iderd'rfication ..............................................................
General Purpose Residential ..................................................
Building Sketch (Page -1) ......................................................
Subject Phatos .......................................................................
Comparable Photos 1-3 ..........................................................
Location Map .........................................................................
Appraisal Addendum -Special Conditions ..............................
Statement of LimNng Conditions ...........................................
Hectronic Signaturre Compliance ...........................................
Cerlificate ...............................................................................
............... 1
................ 2
................ 3
............... 4
................ 5
............... 8
................ 9
................ 10
................ 11
................ 12
................ 13
................ 15
................. 16
Form TOCNP - "WinTOTAL' appraisal software by a la made, inc. -1-800-ALAMODE
ra a #a
SUMMARY OF SALIENT FEATURES
Subject Address 425 Walnut St
Legal Descdpgon 12-21-0265-044
City Lemoyne
County Cumberland
State PA
Zip Code 17043-1663
Census Tract 42041-0106.00-1
Map Reference 25420
Sale Price $ NA
Date of Sale NA
Borrower/Client
Lender Samue! L. Andes, Attorney at Law
Size (Square Feet) 1,069
Price per Square Foot $
Location Suburban
Age 80
Condition Avg
Total Rooms 5
Bedrooms 2
Baths 1
Appraiser Dennis L. Stover
Date of Appraised Value 4-16-08
Rnal Estimate of Value $ 85,000
Form SSD - °WinTDTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
PA Zip Code
APPRAISAL AND REPORT IDENTIFICATION
This Appraisal Report is QDg of the following types:
^ Self Contained (A wrrtten report prepared under Standards Rule 2-2(a) , persuant to the Scope of Work, as disclosed elsewhere in this report.)
®Summary (A written report prepared under Standards Rule 2-2(b) , persuant to the Scope of Work, as disclosed elsewhere in this report.)
^ Restricted Use (A written report prepared under Standards Rule 2-2(c) , persuanttothe Scope of Work, as disclosed elsewhere in this report,
restricted to the stated intended use by the spec'died client or intended user.)
Comments on Standards Rele 2-3
I certify that, to the best of my knowledge and beliet:
• The statemems of tact contained in this report are true and conect.
• The reported analyses, opinions, and conclusions are limfted only by the reported assumptions and limiting conditions and an: my personal, impartial, and unbiased professional
analyses, opinions, and conclusions.
• I have no {or the specrfied) present or prospective ineerest in the property that is the subject of this report and no (or the specrfied) personal interest with respect to the parties
involved.
• I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment.
• My engagement in this assignment was not contingent upon developing or reporting predetermined results.
• My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause
of the client, the amount of the value opinion, the attainment of a stipulated result, or the occunence of a subsequerd event directly related to the intended use of this appraisal.
• My analyses, opinions and conclusions were developed and this report has been prepared, in comonnity wuh the Uniform Standards of Professional Appraisal Practice.
• I have made a personal inspection of the property that is the subject of this report.
• No one provided significant real property appraisal assistance to the person signing this certification. (tt there are exceptions, the name of each individual providing significant
real property appraisal assistance is stated elsewhere in this report.)
Comments on Appraisal and Report Identification
Note any USPAP related issues requiring disclosure and any State mandated requirements:
SCOPE OP WORK
The sco of work for this a raisal is defined b the com lexit of this a raisal asst nment and the re rtin re uirements of this a raisal
form includin the definition of market value, a statement of assum lions and limitin conditions and certifications. The a raiser has at a
minimum: 1 erformed a com lete visual ins lion of the interior and exterior areas of the sub'ect ro 2 ins cted the net hborhood
3 ins ected each of the com arable sales from at least the street 4 researched verified and anal ed data from reliable ublic and/or
rivate sources and 5 has re rted his anal is, o inions and conclusions in this a raisal re rt
The a raisal is based on the information athered b the a raiser from ublic records other identthed sources ins lion of the sub'ect
roe and net hborhood and selection of com arable sales within the sub'ect market area. The on final source of the com arables is
shown in the Data source section of the market rid alo with the source of confirmationrf available. The on final source is resented first.
The sources and data are considered reliable. When conflictin information was rovided the source deemed most reliable has been used.
Data believed to be unreliable was not included in the re rt nor used as a basis for the valuation conclusion.
APPRAISER:
Signature:
Name: Dennis L. Stover
Date Signed: April 24, 2008
State Certification #: RL 138906
or State License #:
State: pq
Expiration Date of Certrfication or License: 6/30/2009
Effective Date of Appraisal:
SUPERVISORY APPRAISER (only if required):
Signature:
Name:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification ar License:
Supervisory Appraiser inspection of Subject Property:
^ Did Not ^ Exterior-only from street ^ Imerior and Exterior
Porn IDO6 -'WinTOTAL° appraisal software by a la mode, inc. -1-800-ALAMODE
GEORGECLAUSER
RESIDENTIAL APPRAISAL SUMMARY REPORT FileNo.: 8-0401aR 2 eport
Pa a #5
Pro a Address: 425 Walnut St C' :Lemo ne State: PA Zi Code: 17043-1663
F Coun :Cumberland Le al Descd lion: 12-21-0265-044
c3
~
" Assessor's Parcel #: 12-21-0265-044 TaxYeaz; 07-08 R.E. Taxes: $ 1 029 S eclat Assessments: $ NA
Curterrt Owner of Record: The Estate of Adonia L. Patton Occu ard: Owner ^ Tenant Vacant Manufactured Hcusin
~` Pr ' t T e: ^ PUD Condominium ^ Cao erative Other descdbe HOA: $ NA er ear ^ er month
Market Area Name: Lemo ne Borou h Ma Reference: 25420 Census Tract: 42041-0106.00-1
The u ase of this sisal is to develo an o inion of: Market Value as defined , or other of value descdbe
This reflects the folbwi value rf not Current, see comments : Current the Ins action Date is the Effective Date ®Retros dive Pros active
~ roaches develo ed for this sisal: Sales Com adson roach Cost mach ^ Income A roach See Reconciliation Comments and Sco a of Work
"~ Pro a Ri h[s raised: Fee Sim le Leasehold Leased Fee Other descdbe
Intended Use: The intended use of this appraisal report is for the client to evaluate the property that is the subject of this appraisal to establish a
'"'~ fair market value.
Intended Users b name or e : The intended user of this a sisal re rt is the client and no other users are intended,
Clierd: Samuel L. Andes Attome at Law Address: PO Box 168 Lemo ne PA 17043
A praiser: Dennis L. Stover Address: P. O. Box 777 Cam Hill PA 17001-0777
~. Location: Urban Suburban Rural Predominant One-Unft Housing Present Land Use Change In Land Use
-" Buitt up: ^ Over 75% ®25-75% ^ Under 25% Oxupancy PRICE AGE One-Unit 80 % ^ Not Likely
Growth rate: ^ Rapid ®Stable ^ Siow ®Owner $(000) (yrs) 2-4 Unit 5 % ^ Likely * ®ln Process *
Property values: ®Increasing ^ Siabie ^ Declining ^ Tenant 70 Low 0 Multi-Unit 5 % * To: vacant land to
a4 Demand/supply: ®Shortage ^ In Balance ^ Over Supply ®Vacant (0-5%) 850 Hi h 150 Comm'I 5 % residential development
Marketin time: ®Under 3 Mos. ^ 3-6 Mos. ^ Over 6 Mos. Vacant >5% 145 Pred 25 Vacant 5 %
~? Market Area Boundaries, Descdption, and Market Conditions (including support tar the above characteristics and trends): The subject neighborhood is bounded
~o+~ ~ the . Shopping schools and churches are located within 10-15 minutes of the property Full service shopping is available at the Camp Hill
i7. and Capftal City malls, approximately 10-15 minutes. Public school students attend the West Shore District Employment centers are located in
~ Harrisburg, Camp Hill, York, and Mechanicsburg. Market conditions in the subject neighborhood are considered moderately active with low
w mortgage interest rates being the primary catalyst Sales in recent weeks have been moderately active Typical financing for residential
~ properties includes 80% to 90% loan, 1-3 points 5.5-6.5% mortgage interest rates for up to 30 years Typical marketing time is between 30
and 90 days.
»S
'~ Dimensions: From Coun Records Site Area: .08 Acres Comer Lot Cul de Sac
a Zoning Classification: SR Descdption: Suburban Residential Topography Av
` Zoning Com liance: ®Legal ^ Legal nonconforming grandfathered ^ Illegal ^ Nc zoning Size Av
~ Utilities Public Other Descdption Off-site Improvements Type Public Pdvate Shape Irregular
3 Electricity ® ^ 100 AMP Street Macadam ® ^ Drainage Av
Gas ^ ^ NA Curb/Gutter Concrete ® ^ View Av
o Water ® ^ Yes Sidewalk Concrete
® ^
Landscaping Av
E- Sanita Sewer
ry ® ^ Yes Street Lights Yes ® ^
a. Storm Sewer ® ^ Yes Alle NA ^ ^
~ FEMA S ec'I Rood Hazard Area ^ Yes ®No FEMA Flood Zone C FEMA Ma # 4203610001 B FEMA Map Date 12/4/1979
!p Highest 8 Best Use as improved: ®Present use, or ^ Other use (explain)
~ Actual Use as of Effective Date: Residential Use as appraised in this report: Residential
~: Summary of Highest & Best Use: The highest and best use of the subject is the present use.
~.~ Site Comments: There are no apparent easements, encroachments special assessments slide areas or illegal or legal nonconforming uses
'; known.
,Y General Descdption Exterior Description Foundation Basement None Heating
# of Units One ^ Acc.Unft Foundation Concrete Block Slab 0 Area Sq. Ft. 624 Type Steam
':f # of Stodes 1.5 Ex[edar Walls Asbestos Crawl Space 0 % Finished 0 Fuel Oil
~ Type ®Det. ^ Att. ^ Rcof Surface Shin le Basement 100% Ceiling O n
Design (Style) Ca a Cod Gutters & Dwnspts. Galvanized Sump Pump ^None Walls Concrete Blk Cooling
•' ®Existing ^ Proposed ^ Und.Cons. Window Type Doublehu Dampness ^ No Evidenc Roor Concrete Central NA
.a Actual Age (Yrs.) 80 StorrNScreens Storms/Screens Settlement No Evidence Outside Entry NA Other NA
Effective rs. 30 Infestation No Evidence
w IMedorDescdptlon Appliances Attic Amenities Car Storage ®None
w, Floors C UWood Refrigerator ^None ^ Flreplace(s) # Woodstove(s) # Garage # of cars ( Tat.)
Walls Plaster Range/Oven ®Stairs ^ Patio Attach. NA
Tdm/Rnish Wood Disposal ^ Drop Stair ^ Deck Detach. NA
Bath Floor Vin I Dishwasher ^ Scuttle ®Porch FronURear Blt: In NA
Bath Wainscot NA FaMiood ^ Floor ^ Fence rport NA
Ca
[-"
LL~ Doors Wood Microwave ^ Heated ^ Pool
Driveway NA
o; Washer/D er ^ Rnished ^ Surface NA
~' Finished area above grade contains: 5 Rcoms 2 Bedrooms 1 Baths 1,069 Square Feet of Gross Livin Area Above Grade
ak Additional features: Dwelling has not been updated. The kitchen has a limited number of old metal cabinets and the bathroom only has an old
claw foot tub.
L~'i
o Describe the condition at the property (including physical, functional and external obsolescence): Subject is a cape cod style dwelling Phvsicah Depreciation
due to age and condition. Functional: Old kitchen and bath Extemal~ No adverse locational features noted This report is NOT a home
inspection and the appraiser only performed a visual inspection of accessible area and that the appraisal cannot be relied upon to disclose
;~,v condtions and/or defects m the property
st -~•..,..-- ---. _, _ _...___, ..._..............,..., .., .,.,,~,....,.,.,. ,.~~~~~,,.,~~~~° ..,.~..,,, woum, yrnn„~„a~, nvn~ , *,° m , nw. nwau° acnnov°e°ge° an° ne°nea.
Form GPRES - °WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE 1/2007
Pa a #6
R ESIDENTIAL APPRAISAL SUMMARY REPORT FlIeNo: 8-0401pR 2 `"'"
My research did ®did no[ reveal any prior sales ar transfers of the subject property for the three years prior to the effective date of this appraisal.
Doha Sources : Cumberland Gount Tax Assessment Office
1st Prior Subject Sale/Transfer Analysis of Sale/Transfer History: NA
Date: Not in the last
Price: three ears.
io Sources : CCTAO
2nd Prior Subject SaleiTransfer
Date:
r- Pdce:
Sources
SALES COMPARISON APPROACH TO VAL UE if develo The Sales Com orison mach was not developed for tlris ap sisal.
FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 425 Walnut St
Lemo ne PA 17043-1663 719 Herman Ave.
Lemo a PA 17043 81 Hummel Ave.
Lemo ne PA 17043 371 Lowther St.
Lemo ne PA 17043
Pro>am' to Sub ect = 0.46 milr~s c 0.41 miles E 0.59 miles SE
Sale Price _
$ NA - $
110,On0
_
- ` $
88 000 $
78 000
Sale Price/GLA $ /s .tt. _
_
_
$ 101.85 /s .ft. _
$ 71.20 /sq.ft., ___ ~
__
$ 60.37 /s .tt.
Data Sources
Ins ction _
CPML Courthouse Realtor _ _
CPML Courthouse Realtor _ _
CPML Courthouse Realtor
Verification Soume s NA Realtor Realtor Realtor
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust.
Sales or Fnancing
Concessions NA
NA FHA
None Known Cash
None Known Sales Agreement
None Known
Ri his A raised Fee Sim le Fee Sim le Fee Sim le Fee Sim le
Date of Sale(Tme NA 8110107 MT 7 2/14/08 MT 3 7/6/07 MT 9
location Suburban Suburban Suburban Suburban
Si[e .08 Acres .12 Acres .12 Acres .25 Acres -1 000
View Av E ual E uaI E ual
Desi n S le Ca a Cod Ca Cod Ca e Cod Ca Cod
Ouaf of Construction Av Av Av Av
Actual A e 80 58 78 58
Condition Av Su rior -15 000 E ual Inferior +5 000
;:~ Above Grade Total Bdrms. Baths Tdtal Bdrms. Baths Total Btlrms. Baths Total Bdrtns. Baths
~~ Room Count 5 2 1 7 3 1 6 3 1 6 4 1
Gross Livin Area 1 069 s .ft. 1 080 s .ff. -110 1 236 S .tt. -1 670 1 292 5 .tt. -2 230
Basement & Flnished
Rooms Below Grade Full Unfinished
Stora a/Mechanicals Full Unfinished
Stora a/Mechanicals Full Unfinished
Stora a/Mechanicals Full Unfinished
Stora elMechanicals
Functionalllbf Av Av Av qv
Heatin Conlin OilSteam/No AC GFWAJNoCA GFWA/NoCA GFWA/NoCA
~; Ener Efficient ttems Insulation Insulation Insulation Insulation
~~" Gara e)Ca art NA 1 Car Detached -2 000 1 Car Detached -2 000 NA
' Pomh/Patio/Deck Porches PorchlDeck Porch Porch
a
a'
z
N
tY.
Q
~ Net Ad'ustment otal ~ .; _ n + ~ - $ -17,110 n + ~ - $ -3,670 ~ + ^ - $ 1 770
w;
ai
_.'
i<~ Adjusted Sale Price "' ~ -
of Com ambles <., ~ ~ $ 92 89b $ 84 330 $ 79 770
Summary of Sales Companson Approach Sales used were all reasonably similar style dwellings in the same neighborhood and subject to
reasonably similar amenities. Adjustments were based on market extraction and/or judgment The indicated value range on the above grid
extends from $79 770 to $92 890The indicated market value is estimated to be less than the upper end of the value range and at $85 000
:
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Indicated Value Sales Com orison A roach $ 85,000
m RE51 DE NTIAL CopydgM® 2007 by a la made, Inc. This torn may be reproduced unmodHied without written pertnisslon, twwever, a la made, Inc. must be aclmowledged and credited.
Fnrm f,PRFS - "WinTnT41 ^ nnnr~rc~l enrhuam 6., a r~ ..,,.do ~., ~ onn nr eunnr ~ i~nm
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Pa a #7
R ESIDENTIAL APPRAISAL SUMMARY REPORT FIIeNo.: 8-0401 R-2 _rV -
COST APPROACH TO VALUE ti Bevel d ®The Cost A ach was not develo ed for this raisai.
Provide ode uate information for lication of the foilowin cost fi ures and caicula6ons.
~. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value): NA
= ESTIMATED REPRODUCTION OR ^ REPLACEMENT COST NEW OPINION OF SITE VALUE ...__._.__..._....._._...___.._......._._.__..... _$
Source of cost data: NA DWELLING S .R. @ $
_$
Oual' ratio from cost service: NA Effective date of cost data: NA .._
S .Ft. @ $ _$
Cammesds an Cost roach ross livin area calcutagons, de reciadon, etc.: S .FL @ $ _$
~' "The re rt re uests the Re roduction Costa roach which re uires S .Ft. @ $ _$
vi the construction of an exact re lica includin the same materials S .FL @ $ _$
~' mettrods and workmanshi and must include an existin functional _$
obsolescence. This would be misleadin and makes this method Gana e/Ca ort S .Ft. @ $ _$
misleadin .The Re lacement Costa roach mi ht be more Total Estimate of Cost-New _$
a ro date but ft re uires re lacement usi modem materials methods Less sical Functional External
and workmanshi lus the elimination of an resent functional De reciation =$
de reciation. This too would be misleadin and the Cost roach is De reciated Cost of Im rovemems __.._._,_._.____,__________..._.__..____ _$
therefore misleadi
• "As-is" Value of Site im rovements _$
--- - - -
_$
_$
EstimatedRemainin EconomicL'rfe drequired: Years INaCATEDVALUEBYCOSTAPPROACH ____________________________________ =3
~ INCOME APPROACH TO VALUE if develo The Income Approach was not developed for this a sisal.
Estimated Monthl Market Rent $ NA X Grass Rent Muilt tier NA = $ Indicated Value by Income Approach
Y~'
' Summary of Income Approach (including support for market rent and GRM):
a.
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0
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PROJECT INFORMATION FOR PUDs if a liable The Subject is art of a Planned Untt Develo ment.
Le al Name of Pro ect:
o Describe common elements and recreational facilities:
a°
,~~
Indicated Value by: Sales Comparison Approach $ 85 000 Cost Approach (rf developed) $ Income Approach (ft developed) $
ti Final Reconciliation Insufficient market data was available to process the Income Approach The Sales Comparison Approach is deemed most
~ I reliable and given greatest weigfit.
z
O
This appraisal is made ®"as is", ^ subject to completion per plans and specrfications on the basis of a Hypothetical Condition that the improvements have been
~" completed, ^ subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed
^ subject to
,
the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair: If property is sold
~' sublect to satisfactory termite and radon certifications with appraised value based on clear test results
w
^ This re ort is also subject to other H othetical Conditions and/or Extraordinary Assum bans as specified in the attached addenda.
Based on the degree of Inspection of the subject property, as indicated below, defined Scope of Work, Statement of Assumptions and Limiting Conditions
,
and Appraiser's Certifications, my (our- Opirrion of the Market Va{ue (or other specified value type), as defined herein, of the real property that is the subject
> of this report is: $ 85,000 as of: 12-1-07 ,which is the effective date of this appraisal.
ff indicated above, th[s Opinion of Value is subject to Hypothetical Conditions andJor Extraordinary Assumptions included In this report. See attached addenda
F A Rue and complete copy at this report contains 16 pages, including exhibits which are considered an integral part of the report. This appraisal report may not be
w, propedy understood without reference to the information contained in the complete report
~: .
Attached Exhibits:
v ®Scope of Work ®Limiting CondlCertrfications ^ Hypothetical Conditions ^ ExRaordina Assum twos
ry p' ^ Narrative Addendum
~? ®Sketch Addendum ®Location Map(s) ^ Flood Addendum ^ Additional Sales ^ Cost Addendum
d Manuf. House Addendum ^ ^
~ Client Contact: Client Name: Samuel L Andes, Attomev at Law
_ E-Mail: Address: PO Box 168 Lemo ne PA 17043
A
P
P
RAISER SUPERVISORY APPRAISER (if required)
or CO-APPRAISER (if applicable)
i
m t
~--- Supervisory or
Appraiser Name: Dennis L. Stover Co-Appraiser Name:
Company: Clouser Real Estate Appraisals Company:
v`> Phone: (717) 737-7300 Fax: (717) 730-0922 Phone: Fax:
•: E-Mail: dstovermax(a~comcast.net E-Mail:
~~ Date of Report (Signature): April 24 2008 Date of Report (Signature):
~;~r License ar Certification #: RL 138906 State: pq License or Cert'dication #: State:
Expiration Date of License or Certification: 6/30/2009 Expiraton Date of License or Certification:
Inspection of Subject: ®Interior & Exterior ^ Exterior Only ^ None Inspection of Subject: ^ Interior & Exterior ^ Exterior Only ^ None
Date of Ins ection: 4-16-08 Date of Ins coon:
~ 'RESIDENTIAL ~Wyn9~ 2007 by a la mode, Inc. This form may be reproduced unmodified wfihout wdtfet permission, twwever, a la mode, {nc, must be acWwwledged and credded.
Fnrrn GPRFS . "WinTnTAI • ~nnrmic~l enN,unrn h., ~ r~ m~ea ~~ _ t .eon ni nr„rnn~ ~ r~nm
I rave srsi
Building Sketch
Bortawer/C4ient
Pro a Address 425 Walnut St
C' Lemo ne Cou Cumberland State PA Zi Code 17043-1663
Lender Samuel L. Andes, Attome at taw
425 WALNUT ST.
FIRST FLOOR
24.00'
KITCNE
p DINING ROOM o
O O
N LIVING ROOM N
24.00'
NOT EXACT AND NOT TO SCALE
4keKY, b/Apex N^
Comments:
SECOND FLOOR
13.00'
X50'
BEDROOM
O BATH p
N BEDROOM ~
~O,
13.00'
AREA CALCULATIONS SUMMARY
-Code Desedption .Net Size
Net Totals
GLA1 Fixat Floor 624,00 624.00
GLA2 Second Floor 445.00 445.00
SSMT Basement 624.00 624.00
Net LIVABLE Area (Rounded) 1069
BASEMENT
24.00'
O STORAGE p
~ UJ
N N
24.00'
LIVING AREA BREAKDOWN
Breakdown Su6totais
First Floor
24.00 x 26.00 624.00
Second Floor
9.50 x 14.00 133.00
13.00 x 24.00 312.00
3ltems (Rounded) 1069
Form SKT.BIdSkI - "WinTOTAL' appraisal software by a la mode, inc. - t-800-ALAMODE
Pa a #9
Subject Photo Page
Borrower/Client
Pro a Address 425 Walnut St
C' Lemo ne Coun Cumberland State PA Zi Code 17043-1663
Lender Samuel L. Andes Attome at Law
Subject front
425 Walnut St
Sales Price NA
Gross living Area 1,069
Total Rooms 5
Total Bedrooms 2
Total Bathrooms 1
Location Suburban
View Avg
Site .OS Acres
Quality Avg
Age 80
Subject Rear
Subject Street
Form PICPIX.SR - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
Pa a #10
Comparable Photo Page
8ortower/CIieM
Pro Address 425 Walnut St
C' Lemo ne Coun Cumberland State PA Zi Cade 17043-1663
Lender Samuel L. Andes, Attorne at Law
Comparable
719 Herman Ave.
Prox. to Subject 0.46 miles S
Sale Price 110,000
Grass Living Area 1,080
Total Rooms 7
Total Bedrooms 3
Total Bathrooms 1
Location Suburban
View Equal
Site .12 Acres
Quality Avg
Age 58
Comparable
81 Hummel Ave.
Prox. to Subject 0.41 miles E
Sale Price 88,000
Gross Living Area 1,236
Total Rooms 6
Total Bedrooms 3
Total Bathrooms 1
Location Suburban
View Equal
Site .12 Acres
Quality Avg
Age 78
Comparable
371 Lowther St.
Prox. to Subject 0.59 miles SE
Sale Price 78,000
Gross Living Area 1,292
Total Rooms 6
Total Bedrooms 4
Total Bathrooms 1
Location Suburban
View Equal
Site .25 Acres
Quality Avg
Age 58
Form PICPO(.CR - "WinTOTAI" appraisal software by a la mode, inc. -1-800-ALAMODE
Pa a #11
Location Map
Borrower/Client
Pro Address 425 Walnut St
C Lemo ne Caun Cumtrerland State PA Zi Code 17043-1663
Lender Samuel L. Andes, Attome at Law
Fonn MAP.LOC - "WinTOTAI° appraisal software by a la mode, inc. -1.800-ALAMODE
Pa a #12
Special Conditions Fi1eNn A-r1d01 R-~
a lie - - ~ - _ -
Pr Address 425 W alnut St
C' Lemo ne Coun Cumberland 51ate PA Zi Cade 17043-1663
ender Samuel L. Andes, Attome at Law
SPECIAL CONDITIONS ADDENDUM
The following checked items are specific special conditions that were ident~ed by the appraiser during the inspection of the
subject property, the incomparable sales, and their neighborhoods and locations.
-1. The subject is located in a rural area and is less than 25% built-up. The condition is
typical and common for the area and DOES NOT affect the market value.
_X_ 2. Commercial uses are located within the subject's neighborhood. These uses are typical
of similar neighborhoods and DO NOT affect the market value.
X_ 3. Industrial uses are located within the subject's neighborhood. The presence of
industrial uses, is typical for the neighborhood and DOES NOT affect the market value.
_X_ 4. Vacant and underdeveloped land uses are located within the subject's neighborhood.
These uses are typical for the area and DO NOT affect the market value.
- 5. The predominant value in the neighborhood is less than that of the market value of the
subject property. This condition is due to the superior qualities of the subject
property as described in this report. This condition DOES NOT affect the market value.
_ 6. The subject propeRy is located in a F. 1. A. Identified Flood Zone.
7. Dampness is noted in the basement of the subject. Standing or running water was not
present on basement floor.
_X_ 8. The subject is older than five(5) years old. All mechanical systems including the
heating, electrical and plumbing system appears upon a visual exterior inspection to
be in working order. No warranties are implied in this statement.
_ 9. The electrical system was not connected during inspection.
10. The water service was not connected during inspection.
11. The heating system was shut down during inspection.
12. Well and septic are common to the area.
13. Repair items were noted in the wmments section of the report. These comments on
repair items are for descriptive purposes only and are not required repairs. The
repair items are cosmetic in nature and DO NOT affect the market value.
_ 14. Subject is new construction and was 90% completed on date of inspection. Compliance
and completion inspections suggested prior to settlement.
_X_ 15. Should property be sold, termite and radon cert~cations are suggested, with appraised
value based on clear results.
-16. The land value exceeds 30% of total value due to the high demand for vacant land in
this neighbofiood. This condition is considered common and typical for the
neighborhood and DOES NOT affect the market value.
17. The land value exceeds 30% of total value. This is due to the large size of the site.
this condition is considered to be typical and common and DOES NOT affect there market
value.
_X _ 18. Individual adjustments were required that exceed 10%. These adjustments were required
due to the lack of more similar comparables on that individual rating. All three
comparables are the BEST AVAILABLE.
_X _ 19. Total adjustments exceed 15%. This is due to the lack of comparables on that individual
rating. All three comparables are the BEST AVAILABLE.
X~ 20. One or more comparable sales are older than six(6) months old. Although there are
comparable properties in the subject area, none have sold recently, therefore, sales
in excess of six (6) months old had to be used.
_ _ 21. One or more of the comparables used were in excess of one(1) mile from the subject
property. Although there are comparables in the immediate area, none have sold
recently. Therefore, tt was necessary to use comparable sales outside of the
immediate area. All comparables used are located in similar neighborhoods and within
the same marketing area. All three comparables used were the BEST AVAILABLE.
22. Roofing certification is suggested.
_ 23. Plumbing certification is suggested.
24. Electrical certification is suggested.
_ 25. Heating certification is suggested.
26. Flood Hazard Insurance is suggested.
27. Seller is paying part or all of closing cost. This DOES NOT affect the market value.
_X 28. All comparable sales are closed sales.
X_ 29. The subject property has not transferred in the past three years..
_X_ 30. This appraisal is a Summary Report with complete data retained in appraisal file.
form SUP - "WinTOTAL" appraisal software by a la mode, inc. - t-800•ALAMODE
Pa a #13
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions
requisite to a fair sale, the buyer and seller, each acting pmdently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit In this
definition is the consummation of a sale as of a spec'rfied date and the passing of title from seller tc buyer under conditions whereby: (i) buyer and seller are
typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed
for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price
represents the normal consWeration for the properly sold unaffected by special or creative financing or sales concessions* granted by anyone associated with
the sale.
* Adjustmerds to the comparables must be made for special or creative financing ar sales concessions. No adjustments are necessary
for Those costs which are normally paid by sellers as a result at tradition or law In a market area; these costs are readily identifiable
since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the
comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the
property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost at the financing or concession
but the dollar amount of any adjustment should approximate the market's reaction to 'the financing or concessions based on The
appraiser's judgement.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal mport is subject to the following
conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appmised or the title to lt. The appraiser assumes that
the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of tt being under responsible
ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist
the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted
in the appraisal report whether the subject site is located in an identrfied Special Flood Hazard Aroa Because the appraiser is not a surveyor, he or she makes
no guarantees, express or implied, regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arangements to do
so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These
separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid tl they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic
substances, etc.) observed during the inspection of the subject properly ar that he or she became aware of during the normal research involved in performing
the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unappamnt conditions of the property or
adverse envlronmerdal conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and
has assumed That there are nc such conditions and makes no guarardees or warranties, express or implied, regarding the condition of the property. The
appraiser will not be responsible for any such conditions that do exist or for any engineering or testlng that might be required to discover whether such
conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an
environmental assessment of the property.
7. the appraiser obtained the information, estimates, and opinions that were e~rressed in the appraisal report from sources that he or she considers to be
reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were famished by other
parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Unrform Standards of Professional Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or
alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specrfied in the appraisal report can distribute the appraisal report
(including conclusions about the properly value, the appraiser's identity and professional designations, and references to any professional appraisal
organizations or the firth with which the appraiser is associated) to anyone other than the borower, the mortgagee or its successors and assigns; the mortgage
insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any deparbnent, agency, or instrumentality
of the United States or any state or the District of Columbia; except that the Ienderlclient may distribute the property description section of the report only to data
collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also
be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media.
treaare Mac roan 439 6-93 Page 1 of 2 Fannie Mae Form 10048 6-93
GEORGE CLAUSER
Form ACR - °WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
Pa a #14
APPRAISER'S CERTIFICATION: The Appraiser cert'rfies and agrees that:
1. I have researched the subject market area and have selected a minimum of three recent safes of properties most similar and pro>amate to the subject property
for consideration in the sales comparfson analysis and have made a dollar adjustment when approprfate to reflect the market reaction to those items of significant
variation. if a sign'rficam item in a comparable property is superior to, or more favorable than, the subject property, 1 have made a negative adjustmem to reduce
the adjusted sales price of the comparable and, 'rf a significam item in a comparahle property is inferior ta, or less favorable than the subject property, I have made
a positive adjustment to increase the adjusted sales price of the comparable.
2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not
knowingly withheld any signirficant information from the appraisal report and 1 believe, to the best of my knowledge, that all statements and information in the
appraisal report are true and correct.
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent
and limiting conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with
respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report
on the race, color, religion, sex, handicap, familial status, ar national origin of either the prospective owners or occupants of the subject property or of the present
owners or occupants of the properties in the vicinity of the subject property.
5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this
appraisal is contingent an the appraised value of the property.
6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate,
the affainmerd of a specrfic result, or the accuaence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I
did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal
Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure pravis(on of those
Standards, which does not apply. I acknowledge that an estimate of a reasonable lime for exposure in the open market is a condition in the definition of market value
and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the
reconciliation section.
8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report.
I further certfty that I have noted any apparent or imown adverse conditions in the subject improvements, on the subject site, or on any site within the immediate
vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that
I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability at the subject property.
9. i personally prepared all conclusions and opinions about the real estate that were set Torth in the appraisal report. ti I relied on signficant professional
assistance from any individual or individuals in the performance of the appraisal mr the preparation of the appraisal report, I have named such individual(s) and
discbsed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform
the tasks. I have not authorized anyone to make a change to any item in the report therefore, 'rf an unauthorized change is made to the appraisal report, I will take
no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certrfies and agrees that:
I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser,
agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking tali responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 425 Walnut St Lemoyne, PA 17043-1663
APPRAISER: SUPERVISORY APPRAISER (only if required):
Signature: ~ __ ~ ~~ Signature
Name: Dennis L. Stover Name:
Date Signed: April 24, 2008 Date Signed:
State Certffication #: RL 138906 State Certrfication #:
or State License #: or State License #:
State: PA State:
Expiration Date of Certrfication or License: 6/30/2009 Expiration Date of Cert'rfication or License:
Freddie Mac Fonn 439 6-93 Page 2 of 2
^ Did ^ Did Not Inspect Property
Fannie Mae Fonn 10048 6-93
Fonn ACR - °WinTOTAI" appraisal software by a la mode, inc. -1-800-ALAMODE
Signature Compliance FIaNn 8-0401 R-2
Pa a #15
o rC~
Pr Address 425 Watnul St
C' Lemo ne Coun Cumberland State PA Zi Code 17043-1663
Lender Samuel L. Andes, Attome at Law
ELECTRONIC SIGNATURE COMPLIANCE
Wintotal and Project 2000 are fully ASB (Appraisal Standards Board) compliant in their security. The signatures on this
report have not been akered in any way and the digital signatures are to be considered as original.
Form SUP - ^WinTOTAL" appraisal software by a la mode, inc. -1.800-ALAMODE
Pa a #16
Borrower/Client
Pro Address 425 Walnut St
C' Lemo ne Cou Cumberland State PA Zip Code 17043-1663
Lender Samuel L. Andes Attome at Law
Certificate
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Commonwealth of Pelansy~vataia ~ 7 ~ ~ ~ 7 ~ 7
D~~~ftlment,af Ste tc
Bureau of Prnfessiona! and Ocettapatiooal Affairs
FO Boi2Y>d9 I3arri~burg PA 171'05-2449
Ccrt~caEe Type Certificate Statue
C®rtified ResidenElal Appraiser Active
aEHN1S t; SFOYER
825 AOELIA ST
htlUtiLETOWN PA f7l)57
Certificate
lVamhcr
RL13890fi
leitiat ('crtificaN~n pate
99t26t2003
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form MAP.PLAT - "WinTOTAL" appraisal sottwaro by a la mode, inc. -1-800-ALAMODE
May 27, 2008
Samuel L. Andes
Attorney at Law
525 N. 12th Street
Lemoyne, PA 17043
RE: Estate of Adonia L. Patton
Dear Sam,
The share price of Alcatel-Lucent for the date of death of Saturday December 1,
2007 is calculated by taking the average of the high and low prices of Friday November
30 and Monday December 3. Using this calculation the share price of Alcatel-Lucent for
her date of death is $8.035 per/share.
Sincerely,
~,i
Tyler Lenda
r to ~~s r~~~ur+r
July 14, 2008
Samuel L Andes
Attorney At Law
525 North Twelfth St
PO Box 168
Lemoyne, PA 17043
Dear Samuel L Andes:
We are responding to your request for information about Adonia L Patton's account with
Fidelity. The table below lists the account holdings and values as of Saturday, December
O1, 2007.
Fidelity account 2AT-627178: ADONIA L PATTON -INDIVIDUAL
Security Description CUSIP Quantity Unit Value
11/30/2007 Market Value
Fidelity Magellan 316184100 432.059 $100.26 $43,318.24
Total Value $43,318.24
We hope this information is helpful. For questions concerning account holdings or
instructions on how to transfer the ownership of the accounts, please call our Inheritor
Services Group at 800-544-0003 between 8:00 A.M. and 6:30 P.M. Eastern time Monday
through Friday or visit our website at www.fidelit, .com and search under "change
account registration" for additional information.
Sincerely,
Fidelity Investments
Our file: W020382-09JUL08
8roke`~rga Sf t r fidelity Brokerage Services Lt.C .o° h ,, N"~ ~'pt~
~er~~rrg, c~sto~.I .~, -v• ~ GY Pdationat F4nanoiat Services lLC '. _ *~E. Si=`.
-.., +-, .. ~ttG":.. +"?rc;!.r:,a;i, ON 464?7 17(;34
Pl~tanBank
LISTENING.
Itme 27, 2008
Samuel L. Andes
525 North Twelfth Street
P.O. Box 168
Lemoyne, Pennsylvania 17043
Dear Mr. Andes:
RE: Adonia L. Patton, deceased December 1, 2007
In response to your recent inquiry concerning the accounts maintained in the name of
the decedent, please be advised that the following accounts were open at the date of death:
CD # 022-0245770, open 12/1.2/2006, rollover 12/12/2007, matures 12/12/08
date of death balance $10,000.00 plus accrued interest paid $474.28; paying
4.78%, in her name only.
CD # 251-0052200, open 3/5/1992, rollover 6/5/2007, matures 9/5/2008,
date of death balance $12,240.03 plus accrued interest $237.57; paying
3.92%, in her name only.
If you should have any further questions, please do not hesitate to contact me at (717)
291-2437.
Very truly yours,
~~+.o,:,ti..~-~,
Karen D. Hill gas
Credit Inquiry Processor
....
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P O Box 4887 ~ Lancaster, PA 17604
fultonbank.com ~ 1-800-FULTON-4
Ju1.28. 2008 2:31PM PNC BANK 412-105-2747
PNCBANG
The Thinking Behind The Money
3uly 28, 2008
Samuel L Andes
Attorney at Law
525 North Twelth 5t
P O BOX 168
Lemoyne, PA 17043
RE: Adonia L I?attoa
SSN: 183-12-2124
DOD: 12-01-2007
,Dear Mr. Andes:
No. 8225 P. 1
In response to your request for Date of Death balances for the customer Doted above, our
records show the follow.in~g:
Certificate of Deposit
Account # 21001021029 Established 04-07-1995
ADONIA L PATTON
DOD balance: $ 21,303.23 + 41.08 accrued interest
Interest paid O1-OI-2007 thru 12-01-2007 $ 750.28 YTD
Please note that this office only provides date of death balances for deposit accounts
(]RAs, CDs, Checking and Savings accounts). We do not process any financial
transactions or provide statements. If you need assistance with any of these items,
please call 1-888-PNC-BANK (1-888-762-2265) or stop by your Local PNC Bank branch
office.
Sincerely, ~--
~j pL~. a• D~~J'.GO6'+c..
Lori Robertson
I-800-762-1775
P7-PFSC-04F
500 First Ave
PittsburglA, PA 15219
Member FDIC
Page 1 of 1
Q MBTBczllk
499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-12
Samuel L Andes
Attorney At Law
525 North Twelfth Street - P O Box 168
Lemoyne, Pennsylvania 17043
Re: Estate of Adonia L Patton
.social Securit~.~: 183-12- 2124
Date of Death: December 01, 2007
Phone (888) 502-4349
Fax (302)934-2955
June 27, 2008
Dear Sir or Madam:
Per your inquiry dated June 18, 2008, please be advised that at the time of death, the above-named decedent had on deposit
with this bank the following:
1. Type ofAccount Checking Account
Account Number 67531857
Ownership (Names o~
Opening Date
Balance on Date of Death
Accrued Interest
Total
2. Type of Account
Account Number
Ownership (Names o~
Opening Date
Balance on Date of Death
Accrued Interest
Total
Adonia L Patton
08/28/64
$16, 635.28
$ 0.32
$1,365.60
Certificate of Deposit
031003914481468
Adonia L Patton
OS/09/95
$32, 798.52
$ 72.83
$32, 871.35
Please be advised, there was no safe deposit box found for the above decedent. * If upon reviewing the information
above, you believe there are additional accounts not referenced, please provide us with an account number and/or
name of any possible joint account holder. For any additional information on the above accounts, including
ownership and any changes, closures and/or reimbursement of funds, etc., please contact our West Shore Plaza
Office # 717-255-2271.
~iincerely,
~~,~~.
Nancy Clagett
Frecords Management
Sovereign Bank
Court Vrdered Processing \ Decedents - MA1-MB3-02-10 - P. O. Box 841005 -Boston, MA 02284
June 23, 2008
Samuel L Andes
Attorney at Law
525 North Twelfth Street
P. O. Box 168
Lemoyne, PA 17043
RE: Estate of Adonia L Patton
Date of Death: 12/01 /2007
Dear Samuel L Andes:
Per your request, enclosed please find the account information as of the date of death
for the above-named decedent. For your information, accrued interest is not included in
the date of death balance.
Please feel free to contact me if I can be of any further assistance.
Very truly yours,
~~
Donna Penta
Lead Specialist
617-533-1789
Sovereign Bank
ESTATE OF Adonia L Patton
SOCIAL SECURITY #: 183-12-2124
DATE OF DEATH: December 1, 2007
Account #: 1051068843 Type Checking Open date: 1/31/1995
In t:he name of: Adonia L Patton (Judith Ann Patton POA)
Date of Death Balance: $5,678.02
Int.(YTD) from 1/1/2007 to
Accrued interest to date of death:
Other Info:
$168.70
Account #: 1054019391 Type: Savings Open date 1/31/1995
In t:he name of: Adonia L Patton (Judith Ann Patton POA)
Date of Death Balance: $955.58
Int.(YTD) from 1/1/2007 to 12/1/2007 $3.72
Accrued interest to date of death: $0.92
Other Info:
Account #: 1055176828 Type: CD Open date: 1/31/1995
In t:he name of: Adonia L Patton (Judith Ann Patton POA)
Balance due on death $20,791.22
Int.(YTD) from 1/1/2007 to 11/30/2007 $791.22
Accrued interest to date of death: $7.63
Otherlnfo:
Acc;ount #: 1055284986
Type: CD
Open date: 5/1/2001
In the name of: Adonia L Patton (Judith Ann Patton POA)
Date of Death Balance: $11,795.76_
Int.(YTD) from 1/1/2008
Accrued interest to date of death:
Other Info:
$4.34
$435.13
to 11/30/2007
11/21/2007
$2.10
Page 1 of 1
PSEC~k
SAMUEL L. ANDES
S2S NORTH TWELFTH ST
PO BOX 168
LEMOYNE, PA 17043
Dt;ar MR. ANDES:
June 26, 2008
Account # 8001 XXXXXX
The following is the status of ADONIA L. PATTON's account with PSECU as of the date of death.
Joint Owner's Name NONE
Date of Death 12.01.2007
Date of Birth 03.11.1911
Share Description Open date Balance Accrued Dividend
S O1 Regular Shares 02.15.1977 $ 450.08 $0.00
S 07 Money Market 12.13.200S 10,84].36 0.00
C50 12 Month Certificate 05.05.1999 28,185.36 0.00
CS1 12 Month Certificate 11.27.1998 28,362,37 0.00
The dividend earned from January I, 2007 through the date of death was $2,989.27. The decedent had no loans with
us. We do not have safe deposit boxes for our members.
Vile need the executrix to sign, date and return the enclosed Authorization to Close Account form. Use pre-addressed
envelope provided.
I1.'you have any questions, please call 234-8484 in Harrisburg or our toll-free number, (800} 237-7328. At the menu
prompt, enter 6 and then extension 2227.
Sincerely,
r ~
l
Meaci Fairfa
D/Iember Service Representative
Finance Support Unit
Pennsylvania State Employees Credit Union '
Main Address; 1 Credit Union Place, Harrisburg, PA 171 10-2990 717.234.8484 800.237.7328
Mailing Address P.O. Box 67013, Harrisbur PA 17106 7013 717.777.2100 TDD) 800.472.1967 (TDD)
_._. ___ __._ _ .. _._ __.__._ _.~__.~_ ._ _ __ ... ____ 9c _._ W,~_,. _ _ .(
S' This credit union is federally insured by the National Credit Union Administration. Equal Opportunity Lender www.psetu.COm