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HomeMy WebLinkAbout07-16-101505610143 REV-1500 Ex(a,-,o, ~. OFFICIAL USE ONLY PA Department of Revenue pennsylvania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE PO 80X.280601 INHERITANCE TAX RETURN 21 0 9 10 60 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death 160 48 7973 10 29 2009 Decedent's Last Name Suffix NEGLEY (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouses Sociai Security Number FILL INAPPROPRIATE OVALS BELOW Date of Birth 09 02 1956 Decedent's First Name MI LORETTA J Spouse's First Name MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 1, Original Return ~ 2. Supplemental Return 4, Limited Estate ~ 4a Future Interest Compromise (date of death after 12-12-82) ( 1 L 1 6 Decedent Died Testate (Attach Copy of Will) ~ ~ Decedent Maintained a Living Trust (Attach Copy of Trust) g. Litigation Proceeds Received ~ 10. between P2 31 ~J1 andit~datge5~f death 11. Election to tax undE~r 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 GEORGE E WENGER JR 717 263 8.535 First line of address 147 EAST WASHINGTON STR Second line of address City or Post Office State ZIP Code CHAMBERSBURG PA 17201 ,: - 3 REGISTER LLS US~.@~VLY ' ':.3 f':,:~ r. L . - _ --~ B . u.. sv . :~ t„'~'1 .. _. ^` ~ F _~ r DA-~ FILED ~ ~: ~~ Correspondent's a-mail address: 9ewengerjr@hoskinson-wengerlaw.com ~J i ;;~,1 _7,. ry 1 =_:~ ...-:) :t 4..~ _} :~~ .~~ Under le of perjury, I declare that I have xamined return, including accompanying schedules and statements, and to the best of rrty knowledge and belief, it is e, corre and complete. Qeclaration o reparer er than the personal representative Is based on all information of which preparer has any knowledge. GNATUR F PERSON SP SIBL OR ILING R RN /' DATE ~J' J c / Jason K. Neglev ~-- /5~-°/% C 16199 Cumberland Highway, Newburg. PA 17240 SIGNATURE OF PREPARER OTHER THAN REPRE TATIVE DATE George E. Wenger Jr. " ~ 7 '"~b ADDRESS 147 East Washington Street, Chambersburg, PA 17201 15D5610143 Side 1 g. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required g. Total Number of Safe Deposit Boxes 1505610143 J J REV-1500 EX decedent's Name: Negley, Loretta Joy Decedent's Social Security Number 160 48 7973 RECAPITULATION 89,000.00 1. Real Estate (Schedule A) ....................................................................................... 1. 747.72 2. Stocks and Bonds (Schedule B) ............................................................................. 2. 3. Closely Held Corporation, Partnership orSole-Proprietorship (Schedule C)......... 3. 4. Mortgages & Notes Receivable (Schedule D) ........................................................ 4. 1'77, 586.53 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 Ikon; Probate Property (Schedule G) ^ Separate Billing Requested............ 7. 8. Total Gross Assets (total Lines 1-7) ..................................................................... g, 2 6 7, 3 3 4 . 2 5 :?2 , 524.90 9. Funeral Expenses & Administrative Costs (Schedule H) ....................................... 9. 243.31 10. Debts of Decedent, Mortgage Liabilities, 8~ Liens (Schedule I) .............................. 10. 11. Total Deductions (total Lines 9 & 10) ................................................................... 11. 22 , 7 68.21 12. Net Value of Estate (Line 8 minus Line 11) .......................................................... 12. 244,566.04 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ............................................... 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ................................... ............ 14. 2 4 4 , 5 6 6. 0 4 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .00 15. 16. Amount of Line 14 taxable 2 4 4 5 6 6. 0 4 1 s. at lineal rate X .045 , 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. 1505610243 0.00 11,005.47 0.00 0.00 11,005.47 Side 2 1505610243 1505610243 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-09-1060 DECEDENT'S NAME Negley, Loretta Joy STREET ADDRESS 15 W. Main Street CITY Newburg STATE PA ZIP 17240 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits!Payments A. Prior Payments B. Discount 10,900.00 550.27 3. Interest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2 Line 20 to request a refund 5, If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. Total Credits (A + B) (1) 11,005.47 (2) 11,450.27 (3) (4) 444.80 (5) Make Check Pa able to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :............................................................................... ^ ^x b. retain the right to designate who shall use the property transferred or its income :.................................. ^ ^x c. retain a reversionary interest; or ......................................................................................................~......... ^ ^x d. receive the promise for life of either payments, benefits or care? ............................................................ ^ ^x 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without ^ ^ receiving adequate consideration? .................................................................................................................... x 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?....... ^ ^x 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 Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 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 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 21 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 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 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 12 percent [72 P.S. §9116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Rev-1502 EX+ (11-08) SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF (FILE NUMBER Negley, Loretta Joy 21-09-10fi0 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on schedule F. Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 11-08) (If more space is needed, additional pages of the same size) Rev-1503 EX+ (8-981 SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Negley, Loretta J FILE NUMBER 21-09-1060 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 1 Series EE Savings Band; issue 12/2002; #C752710459EE - 62.48 with accrued interest 2 Series EE Savings Bond, issued 02/1989, #C196129380EE - 142.36 with accrued interest 3 Series EE Savings Bond, issued 02/2002, #C752656359EE - ~ 64.80 with accrued interest 4 Series EE Savings Bond, issued 05/1989, #C196167664EE - 139.56 with accrued interest 5 Series EE Savings Bond, issued 08/1989, #C210996370EE - 139.56 with accrued interest 6 Series EE Savings Bond, issued 11/1989, #C226715853EE - 136.80 with accrued interest 7 Series EE Savings Bond issued 4/2003, #C764564083EE - 62.16 with accrued interest to d/o/d TOTAL (Also enter on Line 2, Recapitulation) 747.72 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98) Rev-1508 EX+ (6-98) .,- COMMONWEALTH OFPENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER Negley, Loretta Joy 21-09-1060 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 VALUE AT DATE OF DEATH 1 Curtis Bender -purchase of 1993 Chrysler Sedan 300.00 2 Greystone Tower Bank, CD ending #0264 -with accured interest to dlo/d 70,000.00 Accrued interest on Item 2 through date of death 103.56 3 M8T Bank, CD ending #7507 -with accrued interest to d/o/d 47,000.00 Accrued interest on Item 3 through date of death 112.22 4 Mark E. Worden -purchase of 1993 Ford SW 400.00 5 Orrstown Bank, CD ending #8048 -with accrued interest to d/o/d 47,026.78 6 Orrstown Bank, Checking Acct. ending in #7293 2,042.09 7 Orrstown Bank, Savings Acct. ending #1701 -with accrued intest to d/o/d 3,962.23 8 State Employee's Retirement System -retirement check 1,094.61 9 State Employee's Retirement System -retirement benefit 1,094.61 10 Net proceeds from public sale of personal property 1,861.75 11 Personal property, appraised at 950.00 12 PA Department of Revenue -Income tax refund 703.68 13 PA Department of Revenue -Income Tax refund 529.00 14 StrickerAgency, Inc. -refund of auto insurance premium 406.00 TOTAL (Also enter on Line 5, Recapitulation) I 177,586.53 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) REV-1151 EX+ (10-06) - SCHEDULE H COMMONWEALT~OFpp,,P~~ENN YLVANIA FUNERAL EXPENSES & INRESIIDAENTDECEDEN~RN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Negley, Loretta Joy 21-09-1060 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zio Year(s) Commission paid 2. Attorney's Fees Hoskinson & Wenger 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. I Probate Fees Cumberland County Register of Wills- balance due 4,610.24 13,367.00 65.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. OtherAdministrative Costs 4,482.66 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 22,524.90 Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 10-06) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Negley, Loretta Joy 21-09-1090 ITEM NUMBER DESCRIPTION AMOUNT Funeral Ex enses 1 Eby Granite Works -stone and engraving 1,521.00 2 Fogelsanger-Bricker Funeral Home -Funeral Home 3,089.24 H-A 4,610.24 Other Administrative Costs 3 Ausherman Bros. Real Estate, Inc. -real estate appraisal 300.00 4 CenturyLink -telephone bill 36.77 5 CenturyLink -telephone bill 35.91 6 CenturyLink -telephone bill 36.03 7 CenturyLink -telephone bill 36.98 8 CenturyLink -telephone bill 36.09 9 CenturyLink -telephone bill 36.22 10 CenturyLink -telephone bill 36.22 11 Chamberlin & Wingert Sanity Services, LLC -public sale expense 65.00 12 Cumberland County Clerk of Courts -filing fee/Family Release 20.00 13 Cumberland County Law Journal -Executor's Notice 75.00 14 Cumberland County Recorder of Deeds -recording fees/Deed of Distribution 63.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Negley, Loretta Joy 21-09-1060 ITEM NUMBER DESCRIPTION AMOUNT 15 Cumberland County Register of Wills -probate fees paid in advance 315.00 16 Kuhn Communications -cable bill 14,22 17 Newburg-Hopewell Joint Authority -sewer bill 64.00 18 PA Department of Revenue - 2009 Income Tax due 228.00 19 Penelec -electric bill 15.87 20 Penelec -electric bill 33.66 21 Penelec -electric bill 14.19 22 Penelec -electric bill 15.01 23 Penelec -electric bill 14.72 24 Penelec -electric bill 10.89 25 Penny R. Morrison -notary fees/partial Release 15.00 26 Penny R. Morrison -notary fees/Deed 5.00 27 Penny R. Morrison -notary fees/Family Release 15.00 28 Postmaster - P.O. Box renewal 35.00 29 Richard L. Hockenberry, TC - 2010 County and Road Real Estate Taxes 299.38 30 State Employee's Retirement System -overpayment of retirement 1,205.30 31 The Sentinel -Executor's Notice 155.58 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Negley, Loretta Joy 21-09-1060 ITEM NUMBER DESCRIPTION AMOUNT 32 Tirnrnons Oil, Inc. -fuel oil bill 456.10 33 Timmons Oil, Inc. -fuel oil bill 241.00 34 Tirnrnons Oil, Inc. -fuel oil bill 220.38 35 Tirnrnons Oil, Inc. -fuel oil bill 96.14 36 United States Treasury - 2009 Income Tax Due 236.00 H-B7 4,482.66 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1512 EX+ (12-OS) . _ SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Negley, Loretta Joy 21-09-1000 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. (If more space is needed, additional pages of the same size) Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 12-08) REV-1513 EX+ (11-OS) SCHEDULE J COMMNHENRITANCE~I~ RETURN ANIA BENEFICIARIES RESIDENT DECEDENT ESTATE OF I FILE NUMBER Negley, Loretta Joy 21-09-1060 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AIMOUNT OF ESTATE NUMBER PERSONISI RECEIVING PROPERTY DECEDENT (Words) ($$$) Do Not List Trustee s I TAXABLE DISTRIBUTIONS [include outright spousal • distributions, and transfers under Sec. 9116 a 1.2 Jason K. Negley Son Residue of $244, 566.04 126 Shippensburg Road Estate Shippensburg, PA 17257 Total $244, 566.04 Enter dollar amounts for distributions shown above on lines 15 throu h 18 on Rev 150 0 cover sheet, as a r o ~riate. NON-TAXABLE DISTRIBUTIONS: II. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEEl~ Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 :ichedule J (Rev. 11-08) SUMMARY OF SALIENT FEATURIES Subject Address 15 W Main St Legal Description Deed Book 29A Page 364 City Newburg County Cumberland State PA Zip Code 17240-8113 Census Tract 0131.01 Map Reference 24-21-0390-056 Sale Price $ N/A Date of Sale N/A Borrower Estate of Loretta Negley Lender/Client Estate of Loretta Negley Size (Square Feet) 2,158 Price per Square Foot $ Location Average Age 120+/- Condition Average Total Rooms 8 Bedrooms 5 Baths 2 Appraiser Daniel M Mulewich Date of Appraised Value 02/05/2010 Opinion of Value $ 89,000 ATTACHMENT-~ Page #3 Form SSD2 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE AushQrman Bros. Real Estate Inc. RESIDENTIAL APPRAISAL SUMMARY REPORT FileNo_: NA Page #4 '?` Pro a Address: 15 W Main St Ci :Newbur State: PA Zi Code: 17240-8113 _ Coun :Cumberland Legal Description: Deed Book 29A Page 364 w' Assessor's Parcel #: 24-21-0390-056 m Tax Year: 2010 R.E. Taxes: $ 1 412 S ecial Assessments: $ NA Borrower if a licable : Estate of Loretta Ne le . N` Current Owner of Record: Estate of Loretta Ne le Occu ant: ^ Owner ^ Tenant ®Vacant ^ Manufactured Housin " Pro'ect T e: ^ PUD ^ Condominium ^ Coo erative ^ Other describe HOA: $ N/A ^ er ear ^ er month Market Area Name: Borou h of Newbur Map Reference: 24-21-0390-056 Census Tract: 0131.01 ~..~, The ur ose of this a raisal is to develo an o inion of: ®Market Value as defined , or ^ other a of value describe `': This re ort reflects the followin value if not Current, see comments : ^ Current the Ins ection Date is the Effective Date ®Retros ective ^ Pros ective z A roaches develo ed for this a raisal• ®Sales Com orison A roach ^ Cost A roach ^ Income A roach See Reconciliation Comments and Sco e of Work Pro a Ri hts A raised: ®Fee Sim le ^ Leasehold ^ Leased Fee ^ Other describe Intended Use: The intended use is for estate settlement. Q Intended Users b name or e : The intended user of the a raisal is the Estate of Loretta Ne le °~ Client: Estate of Loretta Negley Address: 15 W main Street, Newburg, PA 17240 ':~,, Appraiser: Daniel M Mulewich Address: 229 N 2nd Street, Chambersbur , PA 17201 i~q. Location: Urban ®Suburban ^ Rural Predominant One-Unit Housing Present Land Use Change in Land Use Built up: ^ Over 75% ®25-75% ^ Under 25% Occupancy PRICE AGE One-Unit 65 ~° ® Not Likely o'. Growth rate: ^ Rapid ®Stable ^ Slow ®Owner 95 $(000) (yrs) 2-4 Unit 5 % ^ Likely * ^ In Process * ~4. Property values: ^ Increasing ®Stable ^ Declining ^ Tenant 55 Low 30 Multi-Unit % * To; Demand/su I ; ^ Shorta a pp y pp y g ®In Balance ^ Over Su I ( ) ®Vacant 0-5~° 350 Hi h 200 Comm'I 10 % r:~~ ;~ Marketing time: ^ Under 3 Mos. ®3-6 Mos. ^ Over 6 Mos. ^Vacant >59'° 110 Pred 90 vacant 20 % uu; o~ Market Area Boundaries, Descri tlon, and Market Conditions includin su ort for the above characteristics and trends : Bounded to the north by the P ~ (~ 9 PP ) ~~: Q Pennsylvania Turnpike, to the east by Newville Shippensburg to the south and to the west by Roxbury. Sublect is situated in a neighborhood a, of mixed styled houses having similar ages and appeal. Sublect is a short commute from shopping and employment in the Shippensburg area. a w Y:: ~:. ~,: :: ,... ' -, Dimensions: Irre ular Site Area: .19 acres `~ Zoning Classification: R Description: Residential Zonin Com liance: ®Le al ^ Le al nonconforming grandfathered ^ Illegal ^ No zoning °': Are CC&Rs a licable? ^ Yes ®No ^ Unknown Have the documents been reviewed? ^ Yes ®No Ground Rent if applicable $ / „' Highest & Best Use as improved: ®Present use, or ^ Other use (explain) #< r~°'~. Actual Use as of Effective Date: Residential use Use as appraised in this report: Residential use. Z Summary of Highest & Best Use: Highest and best use would be for residential 'O ;f~i~" v Utilities Public Other Provider/Description Off-site Improvements Type Public Private Topography Rollin w Electricity ® ^ Street Asphalt ® ^ Size T ical ~; Gas ^ ^ None Curb/Gutter Concrete ® ^ Shape Irregular Water ^ ® Well/Cistern Sidewalk Concrete ® ^ Drainage Ade uate Sanitary Sewer ® ^ Street Lights Lights ® ^ View Avera e Storm Sewer ^ ® None Alle As halt ® ^ ,~:,,. Other site elements: ®Inside Lot ^ Corner Lot ^ Cul de Sac ^ Underground Utilities ^ Other describe FEMA S ec'I Flood Hazard Area ^ Yes ®No FEMA Flood Zone X FEMA Ma # 42041 C0170E FEMA Ma Date 3/16/2009 ~.a Site Comments: Subject is a typical lot for the area. Sublect has a shared well as well as a cistern which is utilized No public water connections are presently available. Wells and cisterns are common for the area and do not affect the marketability of the subject :' : ~~ General Description Exterior Description Foundation Basement ^ None Heating Hw ~,' # of Units 1 ^ Acc.Unit Foundation Stone/block/av Slab none Area Sq. Ft. 1 079 Type Hw >~: # of Stories 2 Exterior Walls Shin le/av Crawl Space None % Finished Unfinished Fuel Oil ,::;1 Type ®Det. ^ Att. ^ Roof Surface Shin le/av Basement Full Ceiling Joist Design (Style) 2 sto /av Gutters & Dwnspts. Alumn/av Sump Pump ® Walls Block Cooling None ®Existing ^ Proposed ^ Und.Cons. Window Type DbI hun /av Dampness ^ None Obse Floor conc Central yi Actual Age (Yrs.) 120+/_ Storm/Screens es/av Settlement none observed Outside Entry Yes Other w; Effective A e rs. 40 Infestation unknown g: Interior Description Appliances Attic ^ None Amenities Car Storage ®None :~~.. Floors Hd wd/c thin I/av Refrigerator ~ Stairs ® Fireplace(s) # No fpl Woodstove(s) # Garage # of cars ( 2 Tot.) ;~; Walls Plaster/Panel/fair/av Range/Oven ® Drop Stair ^ Patio None Attach. ~ Trim/Finish wood/av Disposal ^ Scuttle ^ Deck None Detach. 2 :~ Bath Floor Tile~n I/av Dishwasher ^ Doorway ^ Porch Porches Blt.-In ~' Bath Wainscot Fiber lass/av Fan/Hood ^ Floor ~ Fence None Carport Doors hoflc/av Microwave ^ Heated ^ Pool None Driveway '~ Washer/D er ^ Finished ^ Surface >~< a Finished area above rode contains: 8 Rooms 5 Bedrooms 2 Baths 2,158 S uare Feet of Gross Living Area Above Grade Additional features: Front and rear porches basement and a detached oversized garage being 20' X 36' having storage above U% wi, Describe the condition of the property (including physical, functional and external obsolescence): Overall condition of the subiect property is average. subject ~~ interior is dated and in some places the wall paper and ceiling is falling down ~,:. C~ RESI DENTIAL V V Ny a"w ~VV I uy ~ ~~ "lout, nw. ~ nia mun uiay uc iepiuuuceu mnnuunieu wnuum wnuen peinnssiun, nuwever, a is rnuae, mc. rnusi oe acKnowieugeo ana creanea. Form GPRES2 - "WinTOTAL" appraisal software by a la made, inc. -1-1300-ALAMODE 3/2007 Pa e #5 R ESIDENTIAL APPRAISAL SUMMARY REPORT FIIeNo.: NA ' My research ^ did did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data Sources : -Courthouse ~ O 1st Prior Sub'ectSale/Transfer Analysis of sale/transfer history and/or any curre nt agreement ofsale/listing: Subject property has not transferred within F v~ Date: 07/17/1980 the past 3 years. Comparable sales did not transfer 12 months prior to current sale. ~ Price: 18 700 w N= z, ~ Sources :Courthouse 2nd Prior Subject Sale/Transfer Date: ~ Price: ;f Sources ~~ SALES COMPARISON APPROACH TO VALUE if develo ed ^ The Sales Com orison Ap roach was not developed far this appraisal. {~~ FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 ;~,` t. i;> Address 15 W Main St Newbur PA 17240-8113 223 E Orange Street Shi ensbur Pa 17257 338 E Garfield Street Shi ensbur Pa 1725 7 670 Walnut Bottom Road Shi ensbur Pa 17257 Proximi to Sub'ect 6.33 miles SE .36 miles SE 6 7.75 miles SE r~ Sale Price $ N/A ~ ~~ ` ~ ~-' $ 79.©00 _ " - `-~ $ 85 000 ': ~ $ 80,000 Sale Price/GLA $ /s .ft. $ 48.47 /s .ft. " ` ~.. ~ ~` • $ 56.22 /s .ft. ~ `'' $ 36.36 /s .ft. ~; Data Sources Ins ection _ MLS MLS MLS ', ' Verification Sources Courthouse Courthouse Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. Sales or Financing Concessions N/A NA Cash 106 DOM No Concess Unknown 101 DOM No Concess Cash 7 DOM No Concess Date of Sale/Time N/A 05/01/2009 03/09/2009 10/27/2009 Ri hts A raised Fee Sim le Fee Sim le Fee Sim le Fee Sim le Location Avera a Avera a Avera a Avera e Site .19 acres .21 acres .070 acres +2 000 .32 acres View Avera e Avera a Avera a Avera e Desi n St le 2 sto /av 2 sto /av 2 sto /av 2 sto /av Qualit of Construction Shin leav Frame/av Aluminum/av Aluminum/av v ` A e 120+/- 110+/- 90 80 ~' Condition Avera a Avera a Good -5 000 Avera e Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Room Count 8 5 2 6 3 1.5 +2 000 8 4 1 +4 000 7 3 1.5 +2 000 Gross Livin Area 2 158 s .ft. 1 630 s .ft. +7 g20 1 512 s .ft. +8,690 2 200 s .ft. -630 Basement & Finished Rooms Below Grade Basement Unfinished Basement Unfinished Basement Unfinished Basement Partial finish -7 500 ;' Functional Utili Avera a Avera a Avera a Avera e Heatin Coolin Hw/no ac Fha/no ac Hw/no ac Fha/no ac Ener Efficient Items sw sd sw sd sw sd sw sd -Q.; Gara a/Car ort 2 car ara e 2 car ara a None +8 000 2 car ara e ~` D. Porch/Patio/Deck Porches Porches Porches Porches °~' Kitchen Std Kitchen Std Kitchen Std Kitchen Std Kitchen ~~'. Fire lace No f l No f l No f l No f l Z, ~ Other None None None None : ° ~;:. ' Net Ad ustment Total ' ' + ^ - $ 9 920 ®+ ^ - $ 18 690 ^ + ®- $ -6 130 ~; w: Adjusted Sale Price of Com arables ~ '~~ $ 88,920 ~ - $ 103,690 $ 73,870 ~=1` Summary of Sales Comparison Approach All three comparable sales are over 1 mile from the subject and comparable sale #2 is over 6 months old as of the date of this valuation ,however these represent the best sales available. Few sales currently exist similar to the subject therefore it is ;'. necessary to use sales that exceed t ypical guidelines as well as design Comparable sales are from competing town and would appeal to ~''` similar buyers. ~t~ fP^ '.ry ;ti~S~c & ,. Vii" ~ , A~ ,. ~'. ~' I ~" ndicated Value b Sales Com orison A roach $ s9,0o0 '~ RES I D E NTIAL Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Fnrm (;PRF49 - °WinTnT01 " annraical cnffiuarn by a la m~~o ~~ - ~ -cnn nl nnnnn~ si~nn7 Page #6 R ESIDENTIAL APPRAISAL SUMMARY REPORT FileNo.: NA °` COST APPROACH TO VALUE if develo ed ®The Cost Approach was not developed for this appraisal. " Provide ode uate information for re lication of the followin cost fi ures and calculations. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value): r:: ESTIMATED ^ REPRODUCTION OR ^ REPLACEMENT COST NEW OPINION OF SITE VALUE __________________________________________________________ _$ 'cr Source of cost data: DWELLING S Ft @ $ _$ Q' Quali ratin from cost service: Effective date of cost data; . . _ S .Ft. @ $ __ _$ o: a Comments on Cost Approach (gross living area calculations, depreciation, etc.): S .Ft. @ $ __ _ _ _$ o; ;Q Cost approach was considered however, not utilized due the age of the S .Ft. @ $ _ _$ ~'~ N, improvements. S .Ft. @ $ __ _$ -- "~' Gara a/Car ort S .Ft. @ $ _______ _$ Total Estimate of Cost-New _______ _$ Less Ph sical Functional External De reciation =$ ~' De reciated Cost of Im rovements __________________________________________ _$ "As-is" Value of Site Im rovements _____________________________________________ _$ _$ _$ Estimated Remainin Economic Life if required : Years INDICATED VALUE BY COST APPROACH ___________________________________ _$ _: INCOME APPROACH TO VALUE if develo ed ®The Income Approach was not dev elo ed for this ap raisal. cv; ,Q Estimated Monthl Market Rent $ X Grass Rent Muiti tier = $ NA Indicated Value by Income Approach „O` ow Summary of Income Approach (including support for market rent and GRM): The income approach was not developed due to the lack of single family a, homes utilized as rentals at the time of sale neccessary too establish a GRM. Via`, uJ ~. O s cv ' z PROJECT INFORMATION FOR PUDs if a licable ^The Subject is part of a Planned Unit Develo ment. -` Le al Name of Pro'ect: o Describe common elements and recreational facilities: n Indicated Value by: Sales Comparison Approach $ 89,000 Cost Approach (if developed) $ NA Income Approach (if developed) $ NA ' Final Reconciliation Emphasis was placed on the sales comparison approach to value which is best reflective of market value Cost approach tends to support the sales approach however was not utilized due to the age of the improvements Income approach was not developed due to lack of single family home rentals sold necessary to establish a GRM. O' a; This a raisal is made pp ®"as is", ^ subject to completion per plans and specifications on the basis of a Hypothetical Condition that the improvements have been '`r` com leted, ^ subject to the followin re airs or alterations on the basis of a H othetical Condition that the re airs or alterations have been com leted P 1 9 P YP P p ^ subject to ~o, , the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair: U W': a ~'~°`' ^ This re ort is also subject to other Hy othetical Conditions and/or Extraordinar Assum tions as s ecified in the attached addenda. 'f , 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) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is the subject `;~ t of this report is: $ 89,000 , as of: 10/29/2009 ,which is the effective date of this appraisal. .{ ~.. If indicated above this 0 inion of Value is sub ect to H othetical Conditions and/or Extraordina Assum tlons included in this re ort. See attached addenda. P 1 Yp ry p' p ~~~ A true and complete copy of this report contains 8 pages, including exhibits which are considered an integral part of the report. This appraisal report may not be W properly understood without reference to the information contained in the complete report. '~ Attached Exhibits: ;v ®Scope of Work ®Limiting Cond./Certifications ^ Narrative Addendum ®Photograph Addenda ®Sketch Addendum ~` ,~` ®Map Addenda ^ Additional Sales ^ Cost Addendum ^ Flood Addendum ^ Manuf. House Addendum c ^ H othetical Conditions ^Extraordina Assum tions ^ ^ ^ Client Contact: Jason Negley Client Name: Estate of Loretta Negley ;' E-Mail: e'ne le kuhncom.net Address: 15 W main Street, Newbur , PA 17240 APPRAISER SUPERVISORY APPRAISER (if required) or CO-APPRAISER (if applicable) IW. a ~, Q; Appraiser Na niel'~Of Mulewich Supervisory or Co-Appraiser Name: z` ~ Com an P Y erman Bros. Real Estate Inc Company: Phone: _(717) 264-6715x207 Fax: (717) 264-4973 Phone: Fax: "~; E-Mail: danappr(a~pa.net E-Mail: '~~~~ ' Date of Report (Signature); 02/09/2010 Date of Report (Signature): ;}'~ License or Certification #: GA003797 State: PA License or Certification #: State: ~~ Designation: Designation: ` ~'` Expiration Date of License or Certification: 6/30/2011 Expiration Date of License or Certification: I nspection of Subject: ®Interior & Exterior ^ Exterior Only ^ None Inspection of Subject: ^ Interior & Exterior ^ Exterior Only ^ None Date of Inspection: 02/05/2010 Date of Inspection: ~" ' RESIDENTIAL Copyright© 2007 by a la mode, inc. This form may be r eproduced unmodified without written permission, however, a la mode, inc, must be acknowledged and credited. Fnrm f;PRFC9 - "IA/inTnTAI ~~ ~nnrnfeal cn++~.~~re 1,., ~ i~ ,.,~,~„ ;.. + onn ni nnnnn~ si~nrn HOSgIl~TSON SC WENGF.I3 ATTORNEYS AT LAW 19.7 EAST wASIiINGTON STREET CHAbIBERSBURG, PENNSYLVANIA 17201 rkhoskinson@hoskinson-wengerlaw.com gewengerjr@hoskinson-wengerlaw.com RICHARD R. HOSKINSON GEORGE E. wENGER, JR. July 14, 2010 Cumberland County Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, PA 17013-3387 Re: Loretta J. Negley Estate -File #21-09-1060 Dear Ms. or Sir: TELEPHONE (717) 2~`3-8635 FACSIMILE <717) 263-6026 Enclosed please find 2 sets of the Inheritance Tax Return, along with a check in the amount of $65.00 for the balance of probate fees. Once the Return is recorded, please return the receipt in the enclosed envelope. If anything further is needed, please notify me. Please do not mail everything back, a courtesy call will be greatly appreciated and we will forward whatever else is needed to you immediately. Thank you. Very truly yours, GEORGE E. WENGER, JR. gew:prm Enclosure ~? '~:~~~ l ~.. ~ ~-...... r { `_' 1 ._ .-. .. . , - ~ ., ~...~ .~ __.. i ~ `1 ~ ~~ _.-~ .. ~ _~~ ~ _ _. ~ _i c .9~ ~ a I ~ ~ ..._ _~i ~~'~ i .,~ ;:, y ; ;` „~, ~s, ,R^ ~, it ~`:} ,~.s~ F ~ .t F+ .x. ,.. ~t a;'. ~, ~.. ~.~ ~ / ~ ~ ~ a . ~<_ ~ ~~ ~ . ~~ f~ ~ ~ . - ~.~.. ~ , ~ ~ ~ ~ :- ~ ,"~ .: . c.3 Q N U~ w p cn W L ~ a m z a ~ N ~ ~ H ~ o cn z a'io ~ 0~ ~, ~ z ~U M N c~ Z O w x ~' c c ~~ oo~o ~ o ~ ~ Z H ~ p UU ~~ ~ ~ ~ ~~~ ~ ~ w ~~o~ ~~~N ~~°'~ x ~~U~ U U ~ U O I-