HomeMy WebLinkAbout05-11-09J 15~56~41125
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 2aosol 2 1 0 8 0 8 5 1
Harrisburg, PA 1~1zs-osol RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
1 8 8 1 4 0 7 5 1 0 8 1 1 2 0 0 8 0 8 2 6 1 9 2 0
Decedent's Last Name Suffix Decedent's First Name' MI
P E T R 0 A L B E R ~C J
(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 WILILS
FILL IN APPROPRIATE OVALS BELOW
Q 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death
4. Limited Estate
~
4a. Future Interest Compromise (date of I~rior to 12-13-82)
~ 5. Federal Estate Tax Return Required
OX
6. Decedent Died Testate
(Attach Copy of Will)
~ death after 12-12-82)
7. Decedent Maintained a Living Trust
8. Total Number of Safe Deposit Boxes
9. Litigation Proceeds Received
~ (Attach Copy of Trust)
10. Spousal Poverty Credit (date of death
~ 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (,Attach Sch. O)
CORR
N ESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED 70
ame :
Daytime) Telephone Number
R M P_ R K T H O M A S E S Q U I R E 7 1 7 7 9 6 2 ~.., 0 0
Firm Name (If Applicable) C7 ``'
-> _,_,
~RI=GISTER S USE OMtr~Y ~ `~ •i ~"-`1
t~`-~ "~
First line of address I _ _I _ •
. "; j _
1 0 1 S O U T H M A R K E T S I R E E T J`;
• ~ ~-
Second line of address .?' ~ I -s..
~` =
~~ ~~ C.,,7 ~ ... ~~~
y Q
City or Post Office State ZIP Code DATE FILED ~
M E C H P_ N I C S B U R G P Aw ~ 1 7 0 5 5
Correspondent's e-mail address: rmarkthomas(a~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 belies,
it is true, correct and complete. Declaration of prepares other than the personal representative is based on all information of which prepares has any knowledge.
CIC,NA I C n~ n _.
D
TE
74 HONEYSUCKLE DRIVE PORT DEPOSIT MD 21904
SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE
DATE
ADDRESS
101 SOUTH MARKET STREET MECHANICSBURG PA 17055
PLEASE USE ORIGINAL FORM ONLY
Side 1
L 1505641125 15~~i6041125 J
J 15056D42126
REV-1500 EX
Dec:edent's S ocial Securi ty Number
~ecedent'sName: ALBERT J. PETRO 1 8 8 1 4 0 7 5 1
RECAPITULATION
1. Real estate (Schedule A)
................................... 1
..... 1 5 0 0 0 0, 0 0
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. 9 8 8 0 . 8 4
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested .. ..... 6. 1 ~ 2 2 2 , 8 2
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) ^ Separate Billing Requested .. ..... 7. ,
8. Total Gross Assets (total Lines 1-7) ...................... ..... 8. 1 7 7 1 0 3, 6 6
9. Funeral Ex enses ~ Administrative Costs (Schedule H)
p ........... g,
..... 3 4 1 7 4 , 8 1
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 10• 1 4 7 0 , 7 3
11. Total Deductions (total Lines 9 & 10) ......... . . ... . ....... .. 11 3 5 6 4 5 , 5 4
12. Net Value of Estate (Line 8 minus Line 11) .................... ..... 12. 1 4 1 4 5 8 , 1 2
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made (Schedule J) ............. ..... 13. 2 1 3 0 , 0 0
14. Net Value Subject to Tax (Line 12 minus Line 13) , ... , , .. 14 1 3 9 3 2 8 , 1 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 .045 1 3 7 1 5 4 5 5 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 0.0.0 18
19. Tax Due ................................................19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
Side 2
L 15056042126
0. 0 0
6 1 7 1, 9 5
0, 0 0
0, 0 0
6 1 7 1, 9 5
15056042126
REV-1500 EX 'Page 3
Decedent's Complete Address:
File Number
21 08 0851
DECEDENT'S NAME
ALBERT J. PETRO
STREET ADDRESS
813 WEST KELLER STREET
CITY STATE Zlp
MECHANICSBURG PA 17055
Tax Payments and Credits:
1 • Tax Due (Page 2 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments 5,500.00
C. Discount 275.00
3. InteresUPenalty if applicable
D. Interest
E. Penalty
6.171.95
(3)
Total Credits (A + B + C) (2) 5.775.00
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.
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 +5A. This is the BALANCE DUE.
0.00
(4) 0.00
(5) 396.95
(5A)
(5B)
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 : ...................................................................... ^ 0
b. retain the right to designate who shall use the property transferred or its income; ............................... ^ X^
c. retain a reversionary interest; or ................................................................................................
d. receive the promise for life of either payments, benefits or care? ....................................................... ^
^ 0
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .......................................................................................
3. Did decedent own an "intrust far" or payable upon death bank account or security at his or her death? ......... ^
^ 0
X^
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .........................................................................................
.........
^
a
396.95
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 (O) 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 odor the use of a natural parent, an
adoptive parent, or a stepparent of the child is zero (O) 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.:i) 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)
SCHEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
ALBERT J. PETRO 21 08 0851
All real property owned solety 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 roe which is 'ointl -awned with ri ht of survivorshi must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 • 13 West Keller Street, Mechanicsburg, PA 17055 150,000.00
3 bedroom, 1 story home; gross above grade living area is 1,232 square feet -see attached appraisal)
TOTAL (Also enter on line 1,
(If more space is needed, insert additional sheets of the same size)
REV-1508 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF FILE; NUMBER
ALBERT J. PETRO 21 08 0851
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 • ousehold furnishings 2,090.00
2. rogressive Insurance refund 1,159.00
3. rthopedic Institute of Pennsylvania refund 60.59
4. X1996 Ford Taurus I 1,340.00
5. IZ008 Federal Tax Return Refund I 2,586.92
6. Interest on bank accounts I 57.41
7• (2008 Federal Income Tax Refund I 2,586.92
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
REV-1509 F.X + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULEF
JOINTLY-OWNED PROPERTY
ESTATE OF FILIE NUMBER
ALBERT J. PETRO 21 08 0851
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME ADDRESS ELATIONSHIP TO DECEDENT
A. Denice Petro Brown 4 Honeysuckle Drive aughter
ort Deposit, MD 21904
B Duane A. Petro ~13 West Keller Street
echanicsburg, PA 17055
C
JOINTLY-OWNED PROPERTY:
LETTER DATE
ITEM FOR JOINT MADE
NUMBER TENANT JOINT
& B x/20/06
2. W&B
DESCRIPTION OF PROPERTY
INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR
IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE.
embers 1st, Savings Account No. 2946-00
)00 Louise Drive, P. O. Box 40
echanicsburg, PA 17055
embers 1st, Checking Account No. 2946-11
)00 Louise Drive, P. O. Box 40
echanicsburg, PA 17055
OF DATE OF DEATH
DATE OF DEATH DECD'S VALUE OF
VALUE OFASSET INTEREST DECEDENTS INTEREST
42,071.08 33.33 14,022.29
9,602.56 ~ 33.33
TOTAL (Also enter on line 6, Recai~itulation)
(If more space is needed, insert additional sheets of the same size)
3,200.53
82
REV-1511 EX + (12-99)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE H
FUNERAL EXPENSES 8~
ADMINISTRATIVE COSTS
FILE NUMBER
ALBERT J. PETRO 21 08 0851
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A• FUNERAL EXPENSES:
7• Malpezzi Funeral Home 11,160.35
2. Funeral dinner
398.35
B• ADMINISTRATIVE COSTS:
~ • Personal Representative's Commissions
Name of Personal Representative (s) Denice Petro Brown
Social Security Number(s)/EIN Number of Personal Representative(s) 209-46-2051
Street Address 74 Honeysuckle Drive
City Port Deposit State MD Zip 21904
Year(s) Commission Paid: 2009
2, Attorney Fees R. Mark Thomas, Esquire
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant Duane Petro
Street Address 813 West Keller Street
City Mechanicsburg State PA Zip 17055
Relationship of Claimant to Decedent son
4• Probate Fees
6,000.00
6,000.00
3,500.00
340.00
5• I Accountant's Fees
6• I Tax Return Preparers Fees
7• Cumberland County Law Journal
8• The Patriot News Company
9• Chuck Bricker Auctioneer -personal property appraisal
10. Clauser Real Estate Appraisals -real property appraisal
11 • Estate checks
12• Verizon telephone (November 2008 through April 2009)
13• Shipley Oil (November 2008 through April 2009)
14• Comcast Cable (November 2008 through April 2009)
15• United Water Company (November 2008 through April 2009)
16. Met Ed Electric (November 2008 through April 2009)
17• Exxon Mobile (November 2008 through April 2009)
18. Monroe Township (sewer bill) (November 2008 throuah Aprl
TOTAL (Also enter on line 9, Recapitulation) ~ $
(If more space is needed, insert additional sheets of the same size)
75.00
141.24
100.00
350.00
18.95
662.94
3, 045.00
150.95
130.53
600.69
92.15
387.00
1
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
ALBERT J. PETRO 21 08 0851
Decedent's Name Page 2 File Number
Schedule H -Funeral Expenses 8~ Administrative Costs - B7.
ITEM
NUMBER DESCRIPTION AMOUNT
19. Waste Management (trash bill) (November 2008 through April 2009)
20. Mary Murray, Tax Collector (real estate taxes)
21. Penn National (homeowners insurance)
22. Chase (January and February 2009)
153.84
324.34
484.00
59.48
SUBTOTAL SCHEDULE H-B7 ~ i,o2~.ss
REV-1512 EX + (12-03)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
ESTATE OF FILE NUMBER
ALBERT J. PETRO 21 08 0851
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
ITEM
NUMBER DESCRIPTION VAOF DEATDHTE
1 • nited Water Company 38.46
2• et Ed Electric
114.74
3• xxon Mobile credit card
78.88
4• onroe Township sewer bill
193.50
5• . C. Penney credit card
7.50
6• hipley Oil
435.00
7• edicare payment
128.35
8• erizon telephone bill
222.57
9. owe's credit card
74.17
10. omcast Cable
100.64
11 • aste Management of Central Pennsylvania
76.92
TOTAL (Also enter on line 10, Recapitulation) I $
1
(If more space is needed, insert additional sheets of the same size)
REV-1513 EX + (g..ppl
SCHEDULE)
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ALBERT J. PETRO FILE NUMBER
21 08 0851
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
I.
TAXABLE DISTRIBUTIONS [nclude outright spousal distributions, and transfers under
Do Not List Trustee(s) OF ESTATE
Sec. 9116 (a) (1.2)]
1• Denice Petro Brown
74 Honeysuckle Drive daughter 0.50
Port Deposit, MD 21904
2• Duane A. Petro
813 West Keller Street SOII 0.50
Mechanicsburg, PA 17055
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 AS APPR(OFRIATE, ONIREV-1500 COVER SHEET
II NON TAXABLE DISTRIBUTIONS.
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING IUADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1 • Decedent had pledged money to Saint Joseph's Catholic Church Building Fund months before his date of death.
The balance on his pledge as of his date of death was $2,130.00.
2,130.00
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER Sh'EET $
(If more space is needed, insert additional sheets of the same size)
~~cc~~ `~i11 ~c~~th `~.e~f~txtt~n~
OF
ALBERT J. PETRO
I, ALBERT J. PETRO, of Monroe Township, Cumberland County,
Pennsylvania, being of sound and disposing mind, memory and
understanding, do hereby make, publish and declare this my Last
Will and Testament.
1.
I direct the payment of all my just debts and, funeral
expenses as soon after my decease as the same can ~~onveniently be
done.
2.
I direct that there shall be paid out of my rEasiduary estate
all estate, inheritance and like taxes together wii:h any interest
or penalty thereon imposed by the Government of then United
States, or any state or territory thereof, or by any foreign
government or political subdivision thereof, in re:~pect to all
.
property required to be included in my gross estates for estate,
inheritance or like tax purposes by any of such go«ernments,
whether the property passes under this will or otherwise.
3.
All the rest, residue and remainder of my estaite, of
- 1 -
whatsoever nature and. wheresoever situate, I give,, devise and
bequeath to my children, DIIANE A. PETRO and DENIC]E P. BROWN, in
equal shares.
5.
Lastly, I nominate, constitute and appoint m~~ daughter,
DENICE P. BROWN, to be Executrix of this my Last Will and
Testament. I further direct that no bond or othez~ security be
required of my personal representative to guarantee faithful
performance of her duties.
IN WITNESS WHEREOF, I have hereunto set my hand and seal
this ~~/~ day of October, 1996.
r
~~ ~~~2d ( SEAL
Albert J. etro
Signed, sealed, published and declared by the above named
ALBERT J. PETRO as and for his Last Will and Testament, in the
presence of us who have subscribed our names hereto as witnesses,
at his request, in his presence and in the presence of each
other.
_ 2 _
..
i
...
1
.i `f ~
R. M,yark.Thomas; Attorney at Law
--101 J: Market St.`:~' ^ v r.
~~' Mechanicsburg, RA 17055 "
Re: Properly: _ 813 V1f Keller St
.. . - . ;,.
Mechanic burg, t'A 17055-4060
Client R. Mark Thomas; Attorney at Law ,
File No.: ; 8-0905 R-1 ~ '
In accotdance with your "request, we have appraised the above referenced property. The report of that Frppralsal Is
,attached.. ;
The purpose of this appraisal is to estimate the market value of the property described in this appraisal 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 appraisal was developed and the
report was prepared in accordance with the Uniform 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, ~~
010"'
Dennis L Stover
PA State Certified Residential Real Estate Appraiser
Certification Number RL 138906
.,.~~ rf
,.
Cilent R. Mark Thomas Attome at Law Flle No. 8-0905 R-1
Pro a Address 813 W Keller St
C Mechanicsbur Caun Cumberland State PA ZI Code 17055-4060
Cllerd R. Mark Thomas Attome at Law
TABLE OF CONTENTS
Cover Page ...................................................................
Letter of Transmittal ......................................................
Summary of Salient Features ..........................................
USPAP Iderditicatlon .....................................................
General Purpose Residentlal ..........................................
Subject Photos ...............................................................
Subject Phatas Interior ...................................................
Building Sketch (Page -1) ..............................................
Comparable Photos 1-3 .................................................
Lacaation Map .................................................................
Appraisal. Addendum -Special Conditlons ......................
Statement of llmitlng Conditlons ..................:................
Electronic Signaturre Compliance ...................................
Certificate .......................................................................
..... 1
..... 2
...... 3
Pa a #3
SUMMARY OF SALIENT FEATURES
Subject Address 813 W Keller St
Legal Description Deed Book 0025E Page 00151
City Mechanicsburg
County Cumberland
State PA
Zip Code 17055-4060 ~
Census Tract 42041-0117.00
Map Reference 25420
Sale Price $ NA
Date of Sale NA
CI(ent R. Mark Thomas, Attorney at Law
Client R. Mark Thomas, Attorney at Law
Size (Square Feet) 1,232
Price per Square Foot $
Location Suburban
Age 45
CondiBon Avg
Total Rooms 5
Bedrooms 3
Baihs 1:5
Appraiser Dennis L. Stover
Date of Appraised Value a-11-08
Final Estimate of Value $ 150,000
E'
€ ~ ~ c. ~:-~r, a ;i.~..re~~~;~ s GEORGE CLAUSER ...
State PA Po Code
I APPRAISAi~~AND,REPORT IDENTIFICATION I
This Apprelsal Report is Qpg of the tollowinp types:
^ Se8 Contained (A written 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) , persuant to the Scope of Work, as disclosed elsewhere in this report,
restricted to the stated Intended use by the specttied client or intended user.)
Comments on Standards Rule 2-3
I certity that, to the best of my Imawledge and belie(:
• The statements of fact contained In this report are true and correct. ,
• The reported analyses, opinions, and concluslons are limited only by the reported assumptlons and Iimitlng conditlons and are my personal, impartla< and unbiased professional
analyses, opinions, and concluslons.
• I have no (or the specified) present or prospective interest In the property that Is the sub)ect of this report and no (or the specified) personal Interest with respect to the partles
involved.
• I have no bias wltll respect to the property that is the subject of this report or the parties Involved with this assignment
• My engagemerd in this assignment was not carrtlngent upon developing or reporting predetermined.results.
• My compensatlon for completlng this asslgnmerd is not corrtlngent upon the development or reportlng of a predetermined value or directlon in value that favors the cause
of the cllenL the amount of the value opinion, the atlalnmefd of a stlpulated result, or the occurtence of a subsequent event directly related to the Intended use of this appraisal.
• My analyses, opinions and concluslons were developed and this report has been prepared, In conformity with the Uniform Standards of Professional Appraisal Practlce.
• I have made a personal Inspectlan ~ the property that Is the subject of this report.
• No one provided significant real property appraisal assistance to the person signing this cerfificatlon. (fi there are exceptlons, the name of each Individual providing significant
real property appraisal assistance Is stated elsewhere In this report.)
Signature: ~.~:--
Name: Dennis L. Stover
Date Signed: September 30. 2008
State Certllicatlon #: RL 138908
or State License #:
State: pA
Egtiratlon Date of Certificatlon or License: 6/30/2009
Ettectlve Date of Appraisal:
Signature
Name: _
Date Signed:
State Certificatlon #:
or State License #:
State:
Expiratlon Date of Certlficatlon ar License:
Supervisory Appraiser inspectlon of SubJect Property:
^ Dld Not ^ Exterior-Doty fran street ^ Irdeda and E>Qedor
Form IDO6 - "WInTOTAL' appraisal software by a la mode, Inc. -1-800-ALAMODE
APPRAISlR: SUPlRVISORY APPRAIa[R (only If roqulrod~:
`~"s~~ ~~`~r~,.4~^ ~~ ,. -, t iiti , ,~ GEORGE CLAUSER Y
- /•RESID~~JTIAL~aPPRAISAL SUM~VIARY REPORT
Pae #5
Summary Report
Flk No.: 8-0905 R-1
P Address: 813 W Keller St C ; Mechanicsbu State: Pq ZI Code: 17055-4060
Cmi ::Cumberland '• L al Descd tlon: Deed Book 0025E Pae 00151
Assessor's Parcel #:. 22-24-0783.142 "' Tax Year. 08-09 R.E. Taxes: $ 1 417 S ecdal Assessments: $ NA
Current Owner of RecoN: - ~, Alfred J: & Rose M. Petro Occu ant: Owner Tenant Vacant Manufactured Housln
ProectT e: ,~^, - PUD ~ Condominium:- Cao eratlve Other descdbe ~ HOA:$ NA er ear rmonth
Market Area Name:. 'Monroe Townsh) M Reference: 25420 Census Tract 42041-0117.00
The u se of this ralsal Is to Bevel an o Inlon oi: Market Value as defined , or other a of value descdhe
This rt retlects the followln value tt not Current, see comments : CuneM the Ins ctlon Date Is the Effective Date Re7os ectlve Pros ectlve
- roaches develo ed for this ralsal: Sales Com orison roach Cost A roach Income A roach See Reconclllatlon Comments and 5co a of Work
Pro a RI his raised: fee Sim le ~ Leasehdd Leased Fee Other describe
Intended Use:: The Intended Use of this appraisal report is for the client to evaluate the property that Is the subiect of thi;appralsal to establish a
fair market value.
Intended Users name ar e : The Intended user of this a raisal re rt (s the client and no other users are intended.
Cllerd: R. Mario Thomas Attome at Law Address: 101 S. Market St. Mechanicsbur PA 17055
raiser. Dennis L. Stover Address: P. O. Box 777 Cam Hill PA 17001-0777
Location: Ufian Subufian Rural Predominant One-Unit Houaing Preaent Land Ute Change In Land Uae
Built up: ^ Over 75% ®25.75% ^ Under 25% Occccupancy PRICE AGE One-Untt 80 9i. ^ Not Likely
Growth rate: ^ Rapid ®Stable ^ Slow ®Owner $(000) (yrs) 2-4 Untt 5 % ^ Likely * ®In Process
Property values: ®Increasing ^ Siabie ^ Declining ^ Tenard 70 Low 0 Multl-Unit 5 9E ` To: vacant land to
Damandlsupply: ®5hortaga ^ In Balance ^ Over Supply ®Vacant (0-5%) 850 HI h 150 Comm'I 5 % residental devebpment
Marketln tlme: Under 3 Mos. 3-6 Mas. Over 6 Mos. Vacant >5% 165 Pred 25 Vacarrt 5 %
Market Area Boundaries, Descdptlon, and Market Condttlans (including support for the above characteristics and trends): The subiect neighborhood is the
Monroe and Hampden Twp. areas of the Cumberland Vallev School District Shopping schools and churches are located within 5-10 minutes
of the property. Full service shopping is available at the Camp Hill and Capital City malls approximately 10-15 minutes. Public school students
attend the Cumberland Vallev School District Employment centers are located in Harrisburg Camp Hill York and Mechanicsburg. Market
conditions in the subiect neighborhood are considered moderately active with low mortgage interest rates being the rrrimarv catalyst. Sales in
recent weeks have been moderately active. Typical financing for residential properties includes 80% l0 90% loan 1 '~ points, 5.5-6.5%
mortgage interest rates for up to 30 years. Typical marketing time is between 30 and 90 days
Dimensions: From Coun Records Site Area: .21 Acres Comer Lot Cul de Sac
Zoning Classi0catlon: SR Descdptlan: Suburban Residential
Zonin Cam Ilance: L al Le al nanconfonnin randfathered Ills al No zonln Topography Avg
Slze Avg
Utilides Public Other Descdptlon
Electricity ® ^ 100 AMP
Gas ^ ® NA
Water ® ^ Public
Sanitary Sewer ® ^ Public
Stphn Sewer NA Off-skelmprovements Type Public Private
Street Macadam ® ^
Curb/Gutter NA ^ ^
Sidewalk NA
^ ^
Street Lights NA ^ ^
Alle NA Shape I~~lar
Drainage Avg_
Vlew q~
Landscaping A~9_
_
fEMA S ec'I Flood Hazard Area Yes No FEMA Flood Zone C FEMA M # 420364001 OC FEMA M Date 6/2/1992
Highest 6 Best Use as Improved: ®Present use, or ^ Other use (explain)
Actual Use as of Effectlve Date; Residential Usa as appraised In this report: Residential
Summary of Highest & Best Use: The highest and best use of the subiect is the present use
Stte Comments: There are no apparent easements encroachments special assessments slide areas or illegal or legal_nonconforming uses
known.
GenerelDesalptlon ExterbrDeeodptlon Foundation Basement None Reefing
# of Units One ^ Acc.Untt Foundaton Concrete Block Slab 0 Area Sq. FL 1,232 Type FWA
# of Stories One Exterior Walls Vin Crawl Space 0 %Flnished 0% Fuel Oil
Type ®Det ^ Att ^ Roof Surface Shi le Basement 100% Ceiling Open
Design (Style) Ranch Gutters & Dwnspts. Aluminum Sump Pump ^ ~ Walls Block Cooling
® E>astlng ^ Proposed ^ Und.Cons. Window Type Doublehun Dampness ^ No Evident Floor Concrete Central Central Air
Actual Age (Yrs.) 45 StomVScreens Insulated/Scros Settlemerd No Evidence Outside Erdry NA Other Nq
Effective A e rs. 20 ~ Irdestatlon No Evidence
Irnrter Ossorlptlan .... Appllsnow AaN AmsrihNs ttsr dnarps Nons
Floors - H n Refrlgeretor ^ None ^ Flroptaoe(e) # 1 FP Woodstove(s) # Garage # of taro ( 3 7oL)
Wills D ell Range/Oven ®Stelrs ^ Petlo NA 'Attach. _
TdrrVRnbh Disposal ^ Drop SWr ^ Deck NA betsah. _
Beth Floor- `Vin Dishwasher ^ Scuttle ®Porch PIA Btt: In
Bath Wainscot Ceramic The FaNHood ^ Floor ^ Fence Partial Woad Carport 1
Doors Wood Microwave ^ Heated ^ Pool NA [Idveway 2
WasherA] er Flnished Surface Macadam
Rnished area above rode contains: 5 Rooms 3 Bedrooms 1.5 Baths 1 232 S uare feet of Gross Livin Area Above Grade
Addttional features: Dwelling appears to be well maintained with good housekeeping
Describe the conditlon of the property (including physical, functional and external obsolescence): subiect is a ranch style dwelling in aveirege condition.
P~ical: Depreciation due to age and condition Functionah None Extemah 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 conditions andlor defects in the property
T w .... ^ w ~.. CmxhiMm ~nm m., ~^ ....n. i., n*. ~...... _......_......_~ ..~~u_.....• --- ~-~"-- -
Form GPRES -'WInTOTAL" appralsal software by a la made, Inc. -1-800-ALAMODE 1!2007
.. ~. ,
- _ ,
RESIDENTIAL`"i4PPRAISAL SUMMARY REPORT
Pa a #6 t
Summary Report
FlkNo.: 8-0905 R-1 ~
My research did ,did not reveal any prior sales ar transfers of tha subJect property for the three years prior to the ettectlve date of this appraisal.
Data Sources : Cumberland Coun Tax Assessment Office
1st Prior Sub ct 5ale/Transfer Analysis of Sale/Trensfer History;. NA
Date; Not fn the last
Price: ' three ears.."
Sources : CCTAO
2nd Pda Sub ect Sale/Trensfer
Date:
Price:
Sources
SALES COMPARISON APPROACH TO VAL
UE fl develo The Sales Com son A roach was not devela ed for this a sisal.
FEATURE SUBJECT - COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 813 W Keller St - -
Mechanicsbu ~A 17055-4060 822 Charles Ave.
M9cttanicsbu 4705 Delbrook Rd.
Mechanicsbur 3427 Bedford Dr.
Cam Hill
Proxim to Sub
Sale Price
Sale Price/GLA
$ NA
$ /s .ft. 0.09 miles SW
$ 152 500
$ 129.68 /s .ff. 3.83 miles NE
$ 155 000
$ 126.53 /s .ft 4.98 miles NE
$ 148 000
$ 122.92 /s .ft
Data Sources Ins ion CPML Courthouse Realtor CPML Courthouse Realtor CPIu1L Courthouse Realtor
Vertlkatlon Sources NA Realtor Realtor Realtor
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad ust. DESCRIPTION + - $ Ad st DESCRIPTION + - $ Ad st
Sales or Rnancing
Concessions NA
NA Conventional
None Known Conventional
None Known Cash
None Known
RI hts raised Fee Slm le Fee Sim le Fee Sim le Fee Sim le
Date of Sale~me NA 11/16/07 MT 4 3/20/08 MT 87 6/18x08 MT 35
Locatlon Suburban Suburban Subllnf Suburban
Site .21 Acres .25 Acres .26 Acres .2 Acres
View Av E ual E ual E urrl
Desl n S e Ranch Ranch Ranch Ranch
Oual' of Cansbuctlon Av Av Av Av
Actual A e 45 46 49 51
Conditlon Av E ual E ual E usd
Above Grade Total 8drms. Baths Total Bdrms. Baths Total BdOns. Baths Total Bdrms. Baths
Room Count 5 3 1.5 5 3 1 +3 000 6 3 1 +3 000 5 2 1 +3 000
Gross Uvin Area
Basement $ Flnished
Rooms Below Grade 1 232 s .tL
Full Unfinished
Stora a/Mechanicals 1 176 s .ft.
Full Part Finished
FR/BR/Bath/Stor +840
-6 000 1 225 s .ft.
NA
NA +105
+8 000 1 204 s .ft.
Full Infinished
Storer a/Mechanicals +420
Functlonal Utili Av Av Av Av
Heatln Conlin OFWA/CA EBB/CA GFWA/CA GFW'A/CA
Ene Efficient hems Insulation Insulation Insulation Insutation
Gore e/C art 1 Car Ca rt 1 Car Attached -1 000 1 Car Ca rt 1 Car Ca rt
PorctVPatlo/Deck Fence Patio -500 Patio -500 NA +500
Rre lace 1 FP 1 FP NA +2 000 NA +2 000
Net Ad usbnent otal + - $ -3 860 + - $ 12 805 + - $ 5 920
Adjusted Sale Price
of Cam arebies $ 148 840 ~ $ 167 605 $ 153 920
Summary of Sales Comparison Approach Sales used were all reasonably similar style dwellinas in the same neighborhorxi and subject to
reasonably similar amenities. Adjustments were based on market extraction and/or iudament The indicated value range on the above grid
extends from $148 840 to $167 605 The indicated market value is estimated to be less than the upper end of the value range and at $150,000.
? Indicated Value Saba Com done A roach S 150 000
1 n ~ ~ . n ~ ~ .~... CooKlaMm 2007 M ^ u mm. x,^ ne. imm ~.,,,, n...,,.,,m~..a ,,.._.,.~......W_...~- ---~--~-- ~ -
- _- -..__.. ~_.....___..~ ..-..-... ~ .......~.w, u~., u,uw w exrVrvniauyRl CIN G01YR0.
Fonn GPRES -'WInTOTAL' appraisal software by a la made, Inc. -1-800-ALAMODE 1/2007
` Summary Report ~. ~ ~' ,. ,
! RESIDENTIAL'APPRAISAL SUMMARY REPORT FlkNe,: s-o905 R-1 - ;.~
COSTAPPROACH TO VALUE If develo The Cast A roach was not develo d for this a ralsal.
Provide a note infonnatlon far re Ilcatlon of the follovrin cost fi ures and calculatlons.
Support for the opinion of stte value (summary of comparable land sales or other methods far estlmatlng site valueJ; NA
ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE ..............................................._......._....... _$
Souroe of cost data: NA DWELLING S .FL Ca? S ..._... _$
Oual ratl from cost service: NA Effectlve date of cost data: NA S .R. Q $ ..____ _$
Commerds on Cost roach roes Ilvin area calculatlans, de reciatlon, etc.: S .R. p $ . _$
"The re 'rt r nests the Re roductlon Costa roach which r ulres S .Ft Q $ __ _$
the construction of an enact re Iica Includi .the same materials S .R. Q $ _ _$
methods and workmanshi and must Include an existin functional _. _$
obsolescence. This would tie misleadin and makes this method Gana e/C ort S .R. Q $ _ _$
misleads .The Re lacsment Costa roach mi ht be more Total Estlmate of Cost-New _ . _$
a ro Mate but it r wires re lacement usin modem materials methods Less Ph sical Functlonal Fxtemal
and workmanshi lus the elimination of a resent functional D reclatlon _$
de reciatlon. This too would tie misleads and the Coat roach is De reClated Cost of Im rovemerds .................~.... ..........._........ _$
therefore misfeadin ." "As-is" Value of Stte Im rovemerds ...._....___._..........._........_...__ _$
_$
_$
Estlmated Remalnln Economic Ufe tt rs ulred : Years INDICATED VALUE BY COSTAPPROACH _____________________________________ =S
INCOME APPROACH TO VALUE tl develo The Income A roach was not develo ed far this sisal.
Estlmated Month Market Rerd $ NA X Gross Rent Muitl Iler NA = $ Indicated Value by Incase
Summary of Income Approach (including support far market rent and 6RM):
PROJECT INFORMATION FOR PUDa II a Iicable -The Sub act is art of a Planned Unit Develo mast
L al Name of Pro act
Describe common elements and recreational facilitles:
Indicated Value by: Salsa Compadaon Approach $ 150 000 Coat Approach (If developed) $ Income Approach pf developed) $
Rnal Reconciliation Insufficient market data was available to process the Income Approach The Sales Comparison A[~proach is deemed most
reliable and given greatest weight.
This appraisal is made ®"as Is", ^ subject to completion per plans and specifications on the basis of a Hypothetlcal Ctnditlan that tha improvemerds have been
completed, ^ subject to the icllowing repairs or atteratlons on the basis of a Hypothetical Condition that the repairs or atteratlons have been completed, ^ subject to
the following. required inspectlon based on the Exfracrdinary Assumptlgn that the condition ar deficiency does not require atteratlon ar repair. If property is sold
subject to satisfactory termite and radon cert~cations with appraised value based on clear test results
This r ort is also sub act to other H etlcal Condttions and/or E>draordina Assum Lions as s stifled In the attached addenda.
Bated on the degree of Inepectlon of the subject property, as Indicated below, defined Scope of Work, Statement of Asaumptlona and Llmldng Condltlona,
and Appralcer'a Certltlcatlont, my (our) Opinion of the Market Value (or other epecllled value type), as defined herein, of the nil property that la the subject
of thia report Is: S 150,000 , as of: 8-11-08 ,which Is Ure edfecUve date of this apprelaal.
K Indicated above, thia Opinion of Value b subject to Hypothetlcal Condltlona end/or Extraordinary Attumptlone Included In thia repork See attached addenda.
A true and complete copy of this report cglrtalns 17 pages, Including exhibtts which are cgnsidtlred an Integral part of the report 'mss appraisal report may not be
property understood without reference to the intonnatlon contained In the complete report.
Attached Exhibtts:
® Scope of Work ®Limitlng CandJCertlficatlons ^ Hypothetlcal Conditlons Extraordln Assum
® Sketch Addendum ®Locatlon M e ^ azY pions ^ Nartatlve Addendum
ap(j ^ Flood Addendum ^ Addttlonal Sales ^ Cost Addendum
Menuf. House Addendum
Clkm CadacC Client Nama: R. Merle Thomea. Attomev at Leuv.
E•MeN: Address: 101 S. Market St. Mechanicabu PA 1705:5
APPRAISER
"--~ ~ ~
Appraiser Name: Dennis L. Stover
Company: Clouser Real Estate Appraisals SUPERVISORY APPRAISER (If required)
or CO-APPRAISER (If applicable)
Supervisory or
Ca-Appraiser Name:
Company:
Phare: {717) 737-7300 Fax. (717) 730-0922
E-MaN: dstovermax(aZcomcast.net "" Phone: Fa:c _
E-Mall:
Date of Report (SlgnatursJ: September 30.2008
Ucense or Certtlicatlon #: RL 138908 State: PA
Explratlon Date of License or Certtlicatlon: 8/30/2009
Inspectlon al Subject: ®Irdedor 8 Exteror ' ^ Exterior Only ^ None
Dale of Ins an: &11-08 . Date o1 Report (SlgnatureJ:
License or CBrtiOcatlon #: gam;
Expiratlon Date of Dense or Certtncatlon:
Inspectlon of Subject: ^ Interior 6 Extedor ^ Eztedor Only ^ Nane
Date of Ins an:
__.....-_~_...___.,.._.._._,__..._....,~~~.........,..,,,,,rvniauyw sw uewuu.
Fam GPRES -'WInTOTAL' appraisal software by a la mode, Inc. -1-800-ALAMODE 1/21107
APPRAISAL
Personal Property of ~Ll~ FAT ~ ~-~~ 0 ~sT~-T~ ~ I ~ GcJ, KEl~.E,e S % , I~1 ~~l Q9 ~~
Appraised by Chuck E. Bricker AUO94-L Date c(g ~~
ITEM
VALUE ___
ITEM
VALUE
PLC j,?~d ,~M,SU/1~ ~~Q,v
cv~ v~~ 3 o.aa
~ wrZ v ~ v 115O~
,'REF ftc LE F. K U, 4~
Vic; 6K S ~~-iZ U ~
~G f~~/~1i~9 ~2.M Suite ~d,Os
~~.f c Pr~T 70, a~
~ t E ~ ~G ~,~ ~(~ ~ D
L- M~ ST N O14,~u
~~ c s /~Or ao
~- r=T c i I5D o a
psi ~; DVv
~ c` / G ~
l`'1/' T dLE ~,~a
c~ ~ ~~ _ a ~ le,ae
~ ~ E Ste' ~Q.~c~
3 5T ,~ s ~ a~
/ v ~ ~,~ ~ Q L, sc
~ v "tZ ~~ mac; CO
~K a ~~, o ~
c ~~ t~ L~ 1 tZ~ a ~ <5 v~
1~,~ 1~,' fZi~i~-'9 /`-tvw 35~,co
~,S ~ i~. % ~ B~c-Me,.~E Ilt3,Da
5s;' ps ~~ec;
Ss`r- I~~sN~s ss ~~,d~
,~ S5T N zd c~~J BLS (o fl, ~
~ ova ~ T ~ ~F~ 5 ~-
~,
~~~q~ -L
• 1996 Ford Taurus -Private Party Pricing Report -Official Kelley Blue Bool; Site
t~1e Buy B+~ok
THETA'I~TEURE50URCE
. k~.co~
~; ~~~
"` ~=~_
,.,~ J
AGE" l4~" '~~:' .s~
~e ~, ~~_ _ __ _ _ . _ .
1996 Ford Taurus G Sedan 4D
BLUE BO~k°:; PRIVATE PARTY VALUE
,~~. Condition Value
- :,. .A'
~-
Excellent $1,565
Good $1,340 ` `~`~'x
{Selected)
Fair $990
Vehicle Highlights
Mileage: 60,000
.Engine: V6 3.0 Liter
Transmission: Automatic
Drivetrain: FWD
Selected Equipment
Standard
Air Conditioning Power Windows AM/FPt Stereo
Power Steering Ti{t Wheel Dual Frant Air Bags
Blue Book Private Party Value
Private Party Value is what a buyer can expect to pay when buying a used car from a
private party. The Private Party Value assumes the vehicle is sold "As Is" and carries
no warranty (other than the continuing factory warranty). The final sale price may
vary depending on the vehicle's actual condition and local market conditions. This
value may also be used to derive Fair Market Value for insurance and vehicle donation
purposes.
Vehicle Condition Ratings
Excel lent
~~~ ~`_... $1,565
• Looks new, is in excellent mechanical condition and needs no
reconditioning.
• Never had any paint or body work and is free of rust.
• Clean title history and will pass a smog and safety inspection.
• Engine compartment is clean, with no fluid leaks and is free of any wear
or visible defects.
• Complete and verifiable service records.
Less than 5% of all used vehicles fall into this category.
GOOd (Selected)
~sc~c.sa,.~: .
• Free of any major defects.
Page 1 of 2
Send to Printer
AvtvTrader ,
SEARCH NQW
advertisement
http://www.kbb. com/KBB/LJsedCars/PricingReport.aspx?WebCategoryId=3 8&Yearld=1... 11 /10/2008
Close Window