HomeMy WebLinkAbout07-14-10:~
~~~ 1505607121
06
REV-1500 EX
05
(
-
)
PA Department of Revenue OFFICIAL USE ONLY
Bureau of Individual Taxes County Code Year File Number
Po Box 280601 INHERITANCE TAX RETURN
Harrisburg, PA 17128-0601 RESIDENT DECEDENT 2 1 1 0 0 4 4 4
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
1 5 9 2 4 8 0 6 9 0 4 1 2 2 0 1 0 1 1 2 5 1 9 1 7
Decedent's Last Name Suffix Decedent's First Name MI
B A U M V I O L A I
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
FILL IN APPROPRIATE OVALS BELOW
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death
prior to 12-13-82)
4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required
death after 12-12-82)
OX 6. Decedent Died Testate ~ 7. 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. 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)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
R O G E R B I R W I N E S Q U I R E 7 1 7 2 4 9 2 3 5 3
Firm Name (If Applicable)
I R W I N & M c K N I G H T P C•
First line of address
6 0 W E S T P O M F R E T S T R E E T
Second line of address
City or Post Office State
C A R L I S L E P A
Correspondent's a-mail address:
ZIP Code
,.._,
REGISTER Ejf, WILLS USE (~NIY
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Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNATU '-~~ SO ~S~/IB~R FILING RETURN DATE
ADDRESS ~%` ~`
32 WEST RIDGE STREET CARLISLE PA 17013
SIGNATU ~ ROARER OTHER THAC~ENTATIVE DATE i
f /~ 7 / ~~
ADDRESS
60 WEST POM~ T STREET CARLISLE PA 17013
PLEASE USE ORIGINAL FORM ONLY
Side 1
L 1505607121
1505607121
~~.,~
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J
1505607221
REV-1500 EX Decedent's Social Security Number
Decedent's Name: V I O L A I• B A U M 1 5 9 2 4 8 0 6 9
RECAPITULATION
1 9 5 0 0 0. 0 0
1. ........................................
Real estate (Schedule A) .
2 1 7 8 . 2 8
2. Stocks and Bonds (Schedule B) .................................. .
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. •
4. Mortgages & Notes Receivable (Schedule D) ........................ 4. •
6 4 ? 6 2 . 5 6
5. Cash, Bank Deposits 8~ Miscellaneous Personal Property (Schedule E) ....... 5.
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6•
7. Inter-Vivos Transfers 8~ Miscellaneous Non-Probate Property
uested
arate Billin
Re
^ Se
h
d
l
S
G
7
•
.......
g
q
p
u
e
(
c
e
) .
8.
...........................
Total Gross Assets (total Lines 1-7>
8. 1 5 9 9 4 0. 8 4
9. Funeral Expenses & Administrative Costs (Schedule H) ....... ....... .. 9• 9 5 5 4 • 0 4
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ... ....... .. 10. 3 9 3 4 . 2 2
11. Total Deductions (total Lines 9 & 10) .................. ...... ... 11. 1 3 4 8 8 . 2 6
12. Net Value of Estate (Line 8 minus Line 11) ................ ...... ... 12• 1 4 6 4 5 2 . 5 8
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made (Schedule J) ......... ...... ... 13. •
1 4 6 4 5 2 5 8
14. Net Value Subject to Tax (Line 12 minus Line 13) .................. 14. .
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
0
0 0
15
0.
0
0
.
(a)(1.2) x.o .
16. Amount of Line 14 taxable
0
0 0
0.
0
0
.
at lineal rate X .0 16.
17. Amount of Line 14 taxable
O
O O
17 O O 0
at sibling rate X .12 .
18. Amount of Line 14 taxable 1 4 6 4 5 2 5 8 2 1 9 6 ?. 8 9
.
at collateral rate X .15 18.
2 1 9 6 7. 8 9
19. Tax Due ...................................... ....... ...19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ^
Side 2
'N' 1505607221 1505607221
r`
REV-1500 EX gage 3
Decedent's Complete Address:
File Number
21 10 0444
DECEDENT'S NAME
VIOLA I. BAUM
_
STREET ADDRESS
32 WEST RIDGE STREET
_
CITY
CARLISLE STATE
PA ZIP
17013
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19) (1) 21,967.89
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount 1,098.39
Total Credits (A + B + C) (2) 1, 098.39
3. InteresUPenalty if applicable
D. Interest
E. Penalty
Total InteresUPenalty (D + E) (3) 0.00
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. (4) 0.00
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 20,869.50
A. Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 20, 869.50
Make Check Payable fo: 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 : ...................................................................... ^ Q
b. retain the right to designate who shall use the property transferred or its income; ............................... ^ Q
c. retain a reversionary interest; or ................................................................................................ ^ 0
d. receive the promise for life of either payments, benefits or care? ....................................................... ^ Q
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ....................................................................................... ^ Q
3. Did decedent own an "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)J.
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)J.
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)J. 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 a~(6-98
~ SCHEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
VIOLA I. BAUM 21 10 0444
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 roe which is 'ointl -owned with ri ht of survivorshi must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. 32 WEST RIDGE STREET, CARLISLE, PENNSYLVANIA 95,000.00
APPRAISAL -ATTACHED
TOTAL (Also enter on line 1, Recapitulation;) ~ $ 95,000.00
(If more space is needed, insert additional sheets of the same size)
REV-1503 EX +~ ti-98)
t SCHEDULE B
COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
VIOLA I. BAUM 21 10 0444
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. SERIES EE SAVINGS BOND 178.28
INVENTORY ATTACHED
TOTAL (Also enter on line 2, Recapitulation) ~ $
178.28
(If more space is needed, insert additional sheets of the same size)
REV-15Ci8 EX; (6-98)
~ SCHEDULE E
CC)MMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC.
IN RES DENTEDECEDENTRN PERSONAL PROPERTY
ESTATE OF FILE NUMBER
VIOLA I . BAU M 21 10 0444
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointlyowned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. M&T BANK -CHECKING ACCOUNT #402265 7,758.35
2. SOVEREIGN BANK -CERTIFICATE OF DEPOSIT #2895415509 ~ 44,444.46
3. SOVEREIGN BANK -CERTIFICATE OF DEPOSIT #2895268668
CLOSED 9116/2009 -WITHIN ONE YEAR OF DATE OF DEATH
4. PERSONAL PROPERTY-APPRAISALATTA HED
12,317.75
242.00
TOTAL (Also enter on line 5, Recapitulation) I $ 64,762.56
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX t (10-06)
,~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
VIOLA I. BAUM 21 10 0444
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1.
B.
2.
3.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s)
Street Address
City State Zip
Year(s) Commission Paid:
Attorney Fees IRWIN & McKNIGHT, P.C.
Family Exemption: (If decedents address is not the same as claimants, attach explanation)
Claimant
8,140.00
4
5.
6.
7.
8.
9.
10
11
12
Street Address
City State Zip
Relationship of Claimant to Decedent
Probate Fees REGISTER OF WILLS
Accountant's Fees
Tax Return Preparers Fees PATRICIA A. ROSENDALE, CPA
REGISTER OF WILLS -FILING FEE
THE SENTINEL -ESTATE NOTICE
CUMBERLAND LAW JOURNAL -ESTATE NOTICE
S.W. BARRETT REAL ESTATE -APPRAISAL ON REAL ESTATE
ROY D. GOTTSHALL -APPRAISAL ON PERSONAL PROPERTY
SOVEREIGN BANK -DATE OF DEATH VALUATION
361.50
350.00
30.00
187.54
75.00
350.00
40.00
20.00
TOTAL (Also enter on line 9, Recapitulation) I $ 9, 554.04
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX ~- (12-03)
~ SCHEDULE 1
COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT,
INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS
RESIDENT DECEDENT ~
ESTATE OF FILE NUMBER
VIOLA I. BAUM 21 10 0444
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. PP&L -ELECTRIC 306.74
2. COMCAST -CABLE UTILITY 190.30
3. CENTURYLINK -TELEPHONE 66.28
4. BOROUGH OF CARLISLE -WATER/SEWER 236.52
5. UGI -UTILITY 318.28
6. NATIONWIDE INSURANCE -HOMEOWNERS INSURANCE 549.00
7. CARLISLE BOROUGH TAX ACCOUNT -PERSONAL TAXES 4.90
8. CARLISLE BOROUGH TAX ACCOUNT -REAL ESTATE TAXES 549.14
9. CAPITAL BLUE CROSS -MEDICAL INSURANCE 515.91
10. CARLISLE BOROUGH TAX ACCOUNT -REAL ESTATE TAXES 1,197.15
TOTAL (Also enter on line 10, Recapitulation) l $ 3, 934.22
(If more space is needed, insert additional sheets of the same size)
REV-1513 EX + (9!`~0)
~ SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE NUMBER
VIOLA I. BAUM 21 10 0444
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2))
1. PHYLLIS MYERS Collateral 146,452.58
32 WEST RIDGE STREET REMAINDER
CARLISLE, PA 17013
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
1. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT BEING MADE
1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(If more space is needed, insert additional sheets of the same size)
.. ~
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~~Jl 11-~ ~ ~L~ 1-11 r ~ 1 ~~ 1 ir11 I1.L'/1~1
of
Viols I. Baum
I, VIOI.,A I. B~IJil~, of the Borough of Carlisle, Cumberland Cour~t,~, Pennsylvania,
being of sound mind, disposing memory and full legal age, do hereby make, publish and declare
this to be my Last Will and Testament, hereby revoking all Wills and Codicils heretofore made
by me.
1. I direct my Executrix to pay all of my debts, funeral and administrative expenses as
soon as convenient after my decease. Furthermore, I direct that all state, inheritance, succession
and other death taxes imposed or payable by reason of my death and interest and penalties
thereon with respect to all property composing of my gross estate for death tax purposes, whether
or not such property passes under this Will, shall be paid by the Executrix from rriy estate, and
that none of the aforesaid taxes shall be prorated among those persons or entities named herein or
otherwise beneficiaries hereunder.
2. My Executrix may, at her discretion, compromise claims, borrow money, retain
property for such length of time as she inay deem proper; lease and sell property for such prices,
on such terms, at public or private sales, as she may deem proper; and invest estate property and
income without restriction to legal investments unless otherwise provided hereunder.
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3. I authorize and empower my Executrix to sell any realty and/or personalty owned by
me at my death and not specifically devised or bequeathed herein, at public or private sale or
sales and to give good and sufficient deeds and/or bills of sale therefore, in fee simple, as I could
do if living. My Executrix is authorized and empowered to engage in any business in which I
may be engaged at my death, for such period of time after my death as seems expedient to said
Executrix.
4. I give, devise and bequeath all of my estate of every nature and wherever situate to
PHYLLIS J. MYERS.
5. I nominate and appoint PHYLLIS J. MYERS to be the Executrix of this my Last Will
and Testament.
6. No person(s) shall benefit hereunder unless such beneficiary shall survive me by sixty
(60) days.
7. No Executrix acting hereunder shall be required to post bond or enter security in this
or any other jurisdiction.
8. No beneficiary may assign, anticipate or pledge his or her interest in any income or
principal held or distributable hereunder, and no beneficiary's creditors may levy, attach or
otherwise reach any such interest.
9. I hereby suggest that my personal representatives retain the services of Irwin &
McKnight as attorneys in the settlement of my estate.
°.
ACKNOWLEDGMENT AND AFFIDAVIT
WE, VIOLA I. BAUM, CHERYL L. CLELAND and TRACI D. SMITH, the
Testatrix and witnesses respectively, whose names are signed to the foregoing instrument, being
first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and
executed the instrument as her Last Will and that she had signed willingly, and that she executed
it as her free and voluntary act for the purpose herein expressed, and that each of the witnesses,
in the presence and hearing of the Testatrix, signed the Will as a witness and that to the best of
their knowledge the Testatrix was, at that time, eighteen years of age or older, of sound mind and
under no constraint or undue influence.
~' ~ _ ~ ~?-
VIO I. BAUM -, .., j' .,
CHE~IYL L. CLE
a~,
TRACI D.
COMMONWEALTH OF PENNSYLVANIA
. SS:
COUNTY OF CUMBERLAND
Subscribed, sworn to and acknowledged before me by VIOLA I. BAUM, the Testatrix
herein, and subscribed and sworn to before me by CHERYL L. CLELAND and TRACI D.
SMITH, witnesses, this L`I ~ day of February, 2008.
n ~~~
,_
N tary Public
C;U(V1iJi0~1 /~ALT!-i U1= r~cNIVSYLVANIA
' Notarial Sea!
roger ~. lr~~in. Notary Public
Carlisle Baro, Curnberlan~ County
My ~mmission ~t~ires flct. 3, 2008
Member. Pennsviv2n~a Assoriaiion Qf Notaries
1
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S. W. Barrett Real Estate 8 Appraisal Services
File No. 10-0115
APPRAISAL OF
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LOCATED AT:
32 West Ridge Street
Carlisle, PA 17013-3827
CLIENT:
Irwin 8 McKnight
60 West Pomfret Street
Carlisle, PA 17013
AS OF:
April 12, 2010
BY:
Stan A. Skowronek
PA Certified Residential Real Estate Appraiser
.4
S. W. Barrett Real Estate 8 Appraisal Services
me no.
05103/2010
Irwin 8~ McKnight
60 West Pomfret Street
Carlisle, PA 17013
File Number: 10-0115
In accordance with your request, I have appraised the real property at:
32 West Ridge Street
Carlisle, PA 17013-3827
The purpose of this appraisal is to develop an opinion of the defined value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the defined value of the property as of April 12, 2010 is:
$95,000
Ninety-Five Thousand Dollars
The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, assignment conditions and appropriate certifications.
Respectfully submitted
~...R.~WN..~
Stan A. Skowronek
PA Certified Residential Real Estate Appraiser
Summary ~
Residential Appraisal Report File No. 10-0115
.~
The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property, given the intended use of the appraisal.
ClientNamellntended User Irwin & MCKni ht Email NIA
• CI'lentAddress 60 West Pomfret Street cl Carlisle state PA zi 17013
Additional Intended Users The Intended User of this a sisal re ort is the Client. No additional intended Users are ermined without
. the ermission of the a raisers .
Intended use The intended Use is to evaluate the roe that is the sub'ect of this a sisal to rovide the Client with an
accurate and ode uatel su orted o inion of value.
Pro a Address 32 West Rid a Street ci Carlisle state PA zi 17013-3827
Owner of Public Record Baum Viola i. coun Cumberland
Le al Descri lion Deed Book 30F a e 916
" Assessor's Parcel # 04-22-0483-142 Tax near 08109 R.E. Taxes S 1 738.00
Nei hborhood Name Borou h of Carlisle Ma Reference 22-0483 Census Tract 0124.00
Pro a Ri hts A raised X Fee Sim le Leasehold Other describe
M research did X did not reveal an riot sales or transfers of the sub ect roe for the three ors riot to the effecctivve date of this a sisal.
Prior Salelt'ransfer: Date 06/1611983 Price $41 500 Sources Courthouse
Analysis of prior sale or transfer history of the subject property (and comparable sales, if applicable) No prior transfers of the subiect within the past 36 months.
Offerings, options and contracts as of the effeCtlve date of the appraisal N/A
NefphborhoodCharacteristics One•UnitHOUSinpTrends One,UnitHOUSinp Present LandUSe96
Location Urban X Suburban Rural Pro a Values Increasin X Stable Declinin PRICE AGE One-Unit 83 %
Built-U X Over 75% 25-75% Under 25% DemandlSu Shorts e X I n Balance Over Su $ 000 s 2-4 Unit 2 No
Growth Ra id X Stable Slow Marketin Time Under 3 mths X 3-6 mths Over 6 mths 80 Low 25 Multi-Farm 5 %
~ Neighborhood Boundaries The Sub'eCt is bounded on the north b C S on the east b East 140 H' h 100 commercial 10 R'o
• St on the south b South St and on the west b West St. 110 Pred. 75 other %
Neighborhood Description The subiect is located in an established section of the Borough of Carlisle amongst detached, semi-
'~ detached and attached housin of va 'n a e and s le. It is within close roximi to ammenities such as schools
sho in and em to ment.
Market Conditions (including support for the above conclusions) See Anached Addendum
Dimensions 25 x 175 Area .10 Acre mll Sha a Rectan ular view Residential
S ecific Zonin Classification R2 Zonin Descri lion Medium Densi Residential
Zonin Com /lance X Le al Le ai Nonconformin Grandfathered Use No Zonin Ille al describe
Is the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? X Yes No If No, describe.
Utilities Public Other describe Public Other describe Off-sitelm rovements-T a Public Private
Electrici X 100 am water X street Macadam X
Gas X Sanifa Sewer X Alle TO rear X.
site comments There are no apparent adverse easements, encroachments or other adverse conditions.
GENERAL DESCRIPTION. FOUNDATION EXTERIOR DESCRIPTION materials INTERIOR materials
Units X One OnewlAcc. unit Concrete Slab Crawl S ace Foundation Walls Stone/Av Floors C thin IAv
# of Stories 2 X Full Basement Partial Basement Exterior Wails AluminumlAv Walls PanellDrwlllAv
T e Det. Att. X S-DeUEnd Unit Basement Area 693 . n Roof Surface Metal/Av TrimlFinish WoodlAv
X Existin Pro osed Under Const. Basement Finish 0 % Gutters & Downs uts AluminumlAv Bath Floor Vin /Av
Desi n S le 2 Sto Outside En !Exit Sum Pum Window T e WOOd Frame/AV Bath Wainscot D II/Av
Year Built 1910 Storm Sash/Insulated YeS/AV Car Stor a None
Effective A e rs 20-25 Screens Yes lAv Drivewa # of Cars
Attic X None Heatin X FWA HW Radiant Amenities WoodStove s # Drivewa Surface 2 Off Street
Dro Stair Stairs Other Fuel Gas Fire laces # Fence tiara e # of Cars
Floor Scuttle Coolin Central Air Conditionin X PadolDeck X Porch Car ort # of Cars
Finished Heated Individual Other Pool Other AtL De4 Built-in
A /lances Refri erator X Ran elOven X Dishwasher Dis oral Microwave Washerl0 er Other describe
~ Finished area above rode contains: 6 Rooms 3 Bedrooms 1.5 Baths 1 386 S uare Feet of Gross Livin Area Above Grade
Additional Features Covered front porch. Rear enclosed porch and patio.
Comments on the Improvements Improvements are in average condition with no physical or functional inadequacies noted.
~II7 9ener~~~e~PVr;l.salrepur[
w~ryn.w...r.-re. wn.c-..o. a. n.r..,-u..cv.w~~~ ~..urv,n~..,~,r„ynr~[wrewe.x.,uM5gn y11JV Uta116 JCn11Gl5, 1116, qp meno neseryeo.
Pape 1012 (gPARTM) Gereral Purpose Appraisal Rlport SyZ005
GPARS 050811200a
ADDENDUM
.~
Client Irwin 8 McKnight File No.: 10-0115
Property Address 32 West Ridae Street Case No.:
City: Carlisle State: PA Zip: 17013-3827
Neighborhood Market Conditions
List/Sale ratio approximately 95%. I have considered relevant competitive listings and/or contract offerings in the
performance of this appraisal and in the trending information reported in this section. if a trend is indicated, I have
attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates
stable market in the past calendar year with no appreciation in the subjects market area, with an average marketing
time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring
more frequently; however, there is no known prevelance of unusual seller financing concessions or buydowns.
There are new homes under construction in surrounding developements, as well as resales available in the
neighborhood.
Addendum Page 1 of 1
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Summary
Residential Appraisal Report File No. 10-0115
--__
FEATURE SUBJECT
COMPARABLE SALE N0.1 - -
COMPARABLE SALE N0.2
COMPARABLE SALE N0.3
32 West Ridge Street
Address Carlisle 17013 128 C Street
Carlisle 17013 17 E. South Street
Carlisle 17013 29 Kerrs Avenue
Carlisle 17013
Proldmi to subject 1.17 miles N 0.37 miles NNE 0.90 miles NNE
Sale Price S N1A $ 112 900 S 99 900 . s 105 000
sale Price/Gross Liv. Area $ 0.00 . ft S 85.40 . ft. S 65.21 . n $ 67.05 . n
oatasources Ins ectiort. CPMLS 10178063 CPMLS 10180772 CPMLS 10186703
verification Sources Courthouse Courthouse Courthouse Courthouse
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +- SA ustmeM DESCRIPTION +(• S rrstmera DESCRIPTION +I-)tA rAtmerR
sale or Financing
Concessions NIA - $5,000 CI. Csts
FHA DOM 14 None, Conv
DOM 39 None, FHA
DOM 99
Date of sate/Time NIA 05/29/2009 10112/2009 03/26/2010
Location Suburban Suburban Suburban Suburban
LeaseholdlFee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Sim le
site .10 Ac/Av .09 Ac/Av .06 AclAv .06 AclAv
view Residential Residential Residential Residential
Desi n S le 2 Sto 2 Sto 2 Sto 2 Sto
ual' of Construction Avers a Avers a Avers a Avers e
Actual A e 100+1- Years 89 Years 100+/- Years 90 Years
condition Avers a Su erior -5% -5 645 Su erior -5% -4 995 Su rior -5% -5 250
Above Grade Total Bhms Baths Totd BdmS Belhs Total ohms Baths Tot81 88It1s
Room Count 6 3 1.5 6 3 1 2 000 6 3 1 2 000 6 3 1.5
Gross Livin Area 15.00 1 386 . f4 1 322 . R 960 1 532 . iL -2190 1 566 . ft -2 700
Basement& Finished
~ Rooms Below Grade Full Bsmt
Unfinished Full Bsmt
Unfinished Full Bsmt
Unfinished Partial Bsmt
Unfinished
Functional utili Avers a Avers a Avers a Avers e
• Hearin tcoolin FWAINone FHAINone FHAJEBBINone FHAIEBB/None
Ener Efficient Items T iCal T ical T ical T ical
Gara elCar rt None 2 Car Gara a -10 000 None None
PorchlPatiolDeck PorcheslPatjo Porches/Balcn BaIclPor/Patio Ba1c/Por/Patio
None Fence -2 000 Fence -2 000 Fence -2 000
Net Ad'ustment oral + X - S 14 685 + X - $ 7 185 + X - $ 9 950
Adjusted Sale Price `Net Adj. -13.0% Net Adj. -7.2% Net Adj. -9.5%
ofCom ambles GrossAd'. 18.3% s 98 215 GrossAd'. 11.2% S 92 715 Gro~Ad'. 9.5% S 95 050
summa of Sales Com orison A roach O inion of value ran a is $93 000 to $98 000. The condition ad"ustmentS are made after
reviewin the interiors of the com ambles via the "virtual tour" feature of the Central Penn Multi-List S tem. No ad"ustment
is made for closin costs since the com arable sold at list rice. These are the best sales com ambles known to be
available.
site value comments A two ear search of vacant land sales within the Borou h of Carlisle in the .03 to .15 acre ran a did root
locate an suitable sales. The land value resented herein is the assessed land value in 2004.
De reciation = $ 0
De reciated Cost of Im rovements ................................ = S 0
"As-is" Value of Site Im rovements ................................ _ $
INDICATED VALUE BY COST APPROACH ...................... = S NIA
ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE ........................................ _ $ 21 700
Source of cost data Dwellin S . FL p $ ............ _ $ 0
~ ual' ratio from cost service Effective date of cost data S . FL cQ $ ............ _ $ 0
Comments on Cost A roach ross Irvin area calculations, de reciation, etc.
• Cost A roach deemed a oor indicator of value. Estimated Gara e1Car ort s . Ft @ $ ............ _ $ 0
• Remainin Economic Life - 35-40 ears. Total Estimate of Cost-New ............ = S 0
Less Ph sical Functional t_itternal
Estimated Month Market Rent $ N/A X Gross Rent Mufti tier NIA = $ NIA Indicated Value b Income A roach
• Summary of Income Approach (including support for market rent and GRM) N/A
Indicated Valueb : salesCOm arisonA roachs95 000 CostA roach ifdevelo ed s N1A IncomeA roach ifdevelo ed s N/A
The Market Data Anal is su orts m o inion of value for the sub'ect. The Cost A roach was not deemed an a ro riate
indicator of value and therefore was not included herein. The Income A roach was also deemed ins ro riate for this
• anal is.
This appraisal is made X "as is," subject to completion per plans and specifications 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:
• The roe has been a raised in current condition. This is for the clients use onl .
t3ased on the scope of work, assumptions, limiting conditions and appraiser's certification, my (our) opinion of the defined value of the real property
that is the subject of this report is S 95,000 as of 04/7212010 ,which is the effective date of mis appraisal.
. Proaucea uslrra AG sohware. 800.234.8727 waw.adweb.wm TnlS lorm Grovrl0ht °20052008 AG dviRnn of ISO tlerns SeMrrs. Ina.. aH Rlehm Reserved.
~ Pape 2 or 2 (pPAR^~) General Propose Appraisal Report 17!2005
GPAR10a4_OS 08112008
generalpurpuseapprasalreport S.W. Barrett Real Estate 8c Appraisal Services
File No. 10-0115
Scope of Work, Assumptions and Limiting Conditions
i
Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as " the type and extent of research and analyses in an
assignment" to short, scope of work is simpy whatthe appraiser did and did not do during the course of the assignment It includes, but is not
limited to: the extenttowhich the properly is identified and inspected, the type and extent of data researched, the type and extent of analyses applied
to arrive at opinions or conclusions.
The scope of this appraisal and ensuing discussion in this report are specific to the needs ottee client, other identified intended users and to the
intended use ofthe report This reportwas prepared for the sole and exclusive use of the client and other identified intended users for the identified
intended use and its use by any other parties is prohibited. The appraiser is not responsible for unauthorized use of the report
The appraiser's certification appearing in this appraisal report is subjectto the following conditions and m such other specific conditions as are
setforth by the appraiser in the report All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the
assignment results.
1. The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or title thereto, nor does the appraiser render any opinion as to the title, which is
assumed to be good and marketable. The property is appraised as though under responsible ownership.
2. Any sketch in this report may show approximate dimensions and is included ony to assist the reader in visualizing the property. The appraiser has made no survey of the property.
3. The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been
previously made thereto.
a. Neither all, nor any part of the content of this report, copy or other media thereof (including conclusions as to the property value, the identity of the appraiser, professional designerGons,
or the firm with which the appraiser is connected), shall be used for any purposes by anyone but the client and other intended users as identified in this report, nor shall it be conveyed by
anyone to the public through advertising, public relations, news, sales, ar other media, without the written consent of the appraiser.
5. The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specfied in the Un'rform Standards of Professional Appraisal Practice.
6. Information, estimates, and opinions furnished to the appraiser, and contained in the report, were obtained from sources considered reliable and believed to be true and correct
However, no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser.
7. The appraiser assumes.that there are no hidden or unapparent conditions of the property, subsoil, or structures, which would render it more or less valuable. The appraiser assumes
no responsibility for such conditions, or for engineering or testing, which might be required to discover such factors. This appraisal is not an environmental assessment of the properly and
should not be considered as such.
8. The appraiser special¢es in the valuation of real property and is not a home inspector, building contractor, structural engineer, or similar expert, unless otherwise noted. The appraiser
did not conduct the intensnre type of field observations of the kind intended to seek and discover property detects. The viewing of the properly and any improvements is for purposes of
developing an opinion of the defined value of the property, given the intended use of this assignment Statements regarding condition are based on surface observations only. The
appraiser claims no special expertise regarding issues including, but not limited to: foundation settlement, basement moisture problems, wood destroying (or other) insects, pest inhastatron,
radon gas, lead based paint, mold or environmental issues. Unless otherwise indicated, mechanical systems were not activated or tested.
This appraisal report should not be used ip disclose the condition of the property as it relates to the presencelabsence of defects. The client is invited and encouraged to employ qualified
experts to inspect and address areas of concern. If negative conditions are discovered, the opinion of value may be affected.
Unless otherwise noted, the appraiser assumes the components that constitute the subject properly improvement(s) are fundamentally sound and iln
working order.
Any viewing of the property by the appraiser was limited to readily observable areas. Unless otherwise noted, attics and crawl space areas were not accessed. The appraiser did not move
furniture, floor coverings or other items that may restrict the viewing of the property.
9. Appraisals invohnng hypothetical conditions related to completion of new construction, repairs or alteration are based on the assumption that such completion, alteration or repairs will
be competently performed.
10. Unless the intended use of this appraisal specifically includes issues of property insurance coverage, this appraisal should not be used for such purposes. Reproduction or
Replacement cost figures used in the cost approach are for valuation purposes only, given the intended use of the assignment The Definition of Value used in this assignment is unlikely
to be consistent with the definition of Insurable Value for property insurance coverageluse.
11. The ACI General Purpose Appraisal Report (GPARTM) is not intended for use in transactions that require a Fannie Mae 1004JFreddie Mac 70 form,
also known as the Uniform Residential Appraisal Report (URAR).
Additional Comments Related To Scope Of Wark, Assumptions and Limiting Conditions
None
~~,~, Produced uShp ACI so0vnre, 800.23d.B)27 www.adweD.tom TDIS loan Copydghl020052008 ACI Division of ISO Cltlns SemCeS, Inc, Ap Rlghts Reserved.
Pegg l Of 2 (gPARTM) Gellerel Purpose Appr~:sal RBp01t 1?12f705
~~{ Gf'ARUM 0508112fIDB
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File No. 10-0115
Appraiser's Certification
The appraiser(s) certifies that, to the best of the appraiser's knowledge and belief:
i. The statements of tact contained in this report are true and correct
2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal, impartial, and unbiased
professional analyses, opinions, and conclusions.
3. Unless otherwise stated, the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties
involved.
4. The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment
5. The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results.
6. The appraiser's 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 occurrence of a subsequent event directly related to the intended use of this appraisal.
7. The appraiser's anayses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice.
B. Unless otherwise noted, the appraiser has made a personal inspection of the property that is the subject of this report
9. Unless noted below, no one provided significant real properly appraisal assistance to the appraiser signing this certification. Significant real property appraisal assistance provided by:
Additional Certifications:
None
Definition of Value: XQ Market Value ~ Other Value:
Source of Definition: USPAP
The most probable price in terms of money which a property should bring in competitive and open market under all
conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not
affected by undue stimulus.
ADDRESS OF THE PROPERTY APPRAISED:
32 West Ridge Street
Carlisle, PA 17013-3827
EFFECTIVE DATE OF THE APPRAISAL: 04/12/2010
APPRAISED VALUE OF THE SUBJECT PROPERTY $ 95,000
APPRAISER
Signature: ~P
Name: Stan A. owronek
State Certification # RL001572L
or License #
or Olher (describe): State #:
State: PA
Expiration Date of Certification or License: June 30, 2011
Date of Signature and Report: 05/03/2010
Date of Property viewing: 04/12/2010
Degree of property viewing:
XQ Interior and Exterior ^ Exterior Only ^ Did not personaly view
SUPERVISOR
YAPP
RAIS
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_
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Signature:
Name: Steven W. Barrett, SRPA, SRA, ASA
state Certification # GA000298L
or license # RB026927 A
state: PA
Expiration Date of CerOfication or License: June 30, 2011
Date of signature: 05/03/2010
Date of Property Viewing:
Degree of property viewing:
Interior and Exterior ~ Exterior Only XO Did not personaly view
Pane 2 0l 2
iooe-~ooe na oiw~on m iso aeu~s serous. inc.. no agms aeseved.
rnonan'~ renemi o,.,~m an~~a o.mn »im~c
gencr`pii ose.app,•ms~+i ~~eporc S.W. Barrett Real Estate 8 Appraisal Services
canauM osoeiume
''
FLOORPLAN
Client: Irwin & McKnight File No.: 10-0115
Property Address: 32 West Ridae Street Case No.:
City: Carlisle State: PA Zip' 17013
V~~~atfo
l ~~ ~ ~/.
Kitchen Bedroom WI
Ldy Are
Bedroom
Dining
Bath
5 BaU
Living Bedroom
Sketch by Apex IV WindowsTM'
Code AREA CALCULATIONS SUMMARY
Description Size
Totals
Gi•ai First Floor 693.00 693.00
GLA2 Second Floor 693.00 693.00
P/P Enclosed Porch 216.00
Concrete Patio 216.00
Covered Porch 60.00 492.00
TOTAL LIVABLE (rounded) 1386
LIVING AREA BREAKDOWN
Breakdown Subtotals
First Floor
15.0 s 41.0 615.00
3.0 x 26.0 78.00
Second Floor
15.0 x 41.0 615.00
3.0 x 26.0 78.00
4 Areas Total (rounded) 138Ei
SUBJECT PROPERTY PHOTO ADDENDUM
Client: Irwin ~ McKnight File No.: 10-0115
Property Address: 32 West Ridge Street Case No.:
Ci :Carlisle State: PA Zi :17013
e
FRONT VIEW.OF
SUBJECT PROPERTY
Appraised Date: April 12, 2010
Appraised Value: $
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
COMPARABLE PROPERTY PHOTO ADDENDUM
• Client: Irwin ~ McKnight File No.: 10-0115
Property Address: 32 West Ridge Street .Case No.:
Ci :Carlisle State: PA Zi :17013
COMPARABLE SALE #1
128 C Street
Carlisle 17013
Sale Date: 05/29/2009
Sale Price: $112,900
COMPARABLE SALE #2
17 E. South Street
Carlisle 17013
Sale Date: 10/1212009
Sale Price: $ 99,900
COMPARABLE SALE #3
29 Kerrs Avenue
Carlisle 17013
Sale Date: 03/2612010
Sale Price: $105,000
LOCATION M~
Lase ~..... Zi ; 170~s --.~-
$~ rylc-Cn+ ht State: PA ~__`-_
` Gient: lain d e Street -
Address: 32West Ri _ ~'att~
Pro e 4, ~ . ,`
Ct :Carlisle -_ __ __ 1 ':_ _____J I ~ ' `
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- ~ !~ ~ ~ !~ Comparable Sale -~ .; ; SS.~~War ,~
r~ ~ ' 128 C Street 1918 ~ Cop•CarGslz~arracks
17013- ~-` _ .
-D- "$t- ~--- _ __--x-------d-_..: __-vs-- Carlisle,.PA , rat- -
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,EC_Sf__-._ - --174x____ -
- r-{ ~ ~ -+..r--- -- ; ; --t i arable Sale 3
- ~ ~ t I ~ uy,~ ~m , ~ ~' Come ' ~'~9'ht`;
~~ ~~' ~ ~ i~ f ; m ~ ~ . 29 Kerrs Avenue ~ ' __St' ' `,'ice,,
w-~ ~ ' ~ t ~ `~ ~~' i "t ~i ~ ' t ~ Cer1i51e, PA 17013-1936 ~ i - ~~~~ ~ ~ ,.
rc ~ ~ ~ I 1 z~----~ ~ ; ~ 0.90 mdas NhfE) , ,
t
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_ _ __~ . -~tht =P_ eiar~=$~. ~ -~ ~-- ~~'~ 1Vt1f_~8t7i1.~S1; ~--,---i y{.~ _~@tif! •~uf-_ ~~ ; ~f'~
------ ~-:: -- __ ~:::~'_~! ~ t1M1 ~ tEE~:_~f~-~ y-------, r• t -------~ - --, ~---__ . ~___ ~;y.~-E_~fot~~Sf=~`.r -
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- -----" _ ---- --~----___-- ------- ~--- _I l_. 1~.~1 ~--~-_---z--_774x _.__~l ____.._.__ ._ _
-- _~ 1; ,~11~~- _-_____ , ,-_--..__..----~ ~ _--___ ._--------~-i 1 ~IiSle ..~- - -- - ---- - --
11~JL;fitltCt7:Aua -_--_ ~- -.-_ ___ ~ c%- asntE,nd
:Fs ~i ~f-Y 2 ~,
I~ ~ on ,W.1S-_ 3 _~~ ~____-__;' '-_. Comparable Sale t _ ,_' ' -------- --- ~`~~` CemelerY
;~ ' Dicker ~ otct to ___ __ _-. 17 E. South Stree 3427
;fin iscnoolot~avw + 1 ~ `~ ! pA 17013- ~_.~ ~,.__._..___.____-;~-
__ = ..ui__-`-~'' iW.=~hapeCAv6 -- -_~~ -- - ~8 371rniVes td~fE) ___---- ~m
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~ ~ - - __. ~_-17 i ~ ', tetort Park + $arnuels- O~ _
:cr~~~n~s~ ~ f ` is ~`irw~ a ~e_._= _' ~- ' i -_-_
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~~'`~~ t r ~~ ~ Subject trees ~ ~ I ., - ; ,----
~ I ~ "~:r' 32 WestRid9e S ( ~ ,
_- ~ ~ ~ PA 17013-3$27 ~~ -'
-- ~ Carlisle, ` ntls.:1~u~- . ~ ! ~~.
~ ~~ 'Lf1 " ----- ~~ _ CJ? ~ t ~ ~ ~ I t , i
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Glient: Irwin 8~ McKnight File No.: 10-0115 _
Property Address: 32 West Ridge Street Case No.:
Ci :Carlisle State: PA Zi :17013-3827
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F@aadMap~ Legend
Flood Zones
Areas tntap9ated tiySO~yeartlooding
Areas oMslde of the 900- and soo-year f6ood~s
. __.__ ._~ ~~ Od Dy 1otYyear flooding
Areas fnutld~0d Dy 9o0`year OOOding wild voiotity Hazard
Ftoo~rray araas
:~"~;~~ ?~~=~ Fcoodrray araas x+Ah wlocDy hazard
Aroa~s os uatdo9errninod Dot poas~s Hood harards
Aroas nog ntappad On any patDbshOd FIRM
Neither Tr:ron_gamerfca Flood Hazard Certifitr9rwn (TFHCj nor ACI make any
representations or Natrsnties m any p&rty canceming the consent, accuracy or
wrnpleteness of this flood report, including any tvarranty of merchansability or
1Hness ror :~ parGCUlar purpose. ~Jeilher TFHC nor ACt nor the sellr:.r of this
flood report shell have any liability 1o any 1h[rd party for any use or misuse of
this flood report
Flood Information
Community: 425382 -CARLISLE, BOROUGH OF
Property is not in a FEIu9A special flood hazard area_
i41ap Number, 425382 4229E AAap Gate: 20090316
Panel: 0229E FlPS: 42041
Zone: X
********* QUALIFICATIONS *"*"**'"**
The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the
inspection of the subject property, the comparables sales, and their neighborhoods and locations. Unless otherwise
noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET
VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home
inspection service. This is an appraisal to estimate market value.
1. The subject is located in a rural area and is less than 25% built-up.
x_2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar
neighborhoods.
3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical) for
the area.
4. The predominant value in the neighborhood is less than that of the market value of the subject property. This
is due to the very wide range of value of properties in the area and superior quality of the subject property.
5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required) and
suggested.
6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement
floor. This condition is considered typical in dwellings of this style.
7. The subject property is serviced by private well andlor septic systems which is common for the area.
x_8. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing
systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement.
9. Repair items were noted in the comments section of the report These comments on repair items are for
descriptive purposes only and are not required repairs. The items listed are cosmetic in nature.
_10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose .a
health or safety hazard.
_11. The subject property does contain functional obsolescence as noted in the report. This condition is
considered typical and common for the area and this style dwelling.
_12. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This
condition is considered common and typical for the neighborhood.
_13. 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.
_14. Individual adjustments were required that exceed 15%. These adjustments were required due to lack of more
similar comparables on that individual rating. All comparables used are the best available.
_15. Total adjustments exceed 25%. This is due to the lack of comparable sales that were more similar in the
subject's market area. All comparables used are the best available.
_x 16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the
subject's area, none have sold recently; therefore, sales in excess of six(ti) months have to be used. All compar~ables
used are the best available.
_17. One or more comparables used were in excess of one (1) mile from the subject property. Although there are
comparable properties in the immediate area, none have sold recently. Therefore, it 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 comparables used are the best available.
_18. The electrical system was not connected during inspection.
_19. The water service was not connected during inspection.
_20. The heating system was shut down during inspection.
_21. Roofing Plumbing Electrical Heating certification(s) is/are suggested.
_22. Inground swimming pool ,out buildings are included .not included according to lender's
guidelines.
_23. According to lender's guidelines a maximum of acres were considered for this valuation. Remaining
acreage was given no value.
~ ,.
Gila Nn 1 A-n11 F
''*"'"***** QUALIFICATIONS''"'*'******
_24. The subject property is located on a private road.
_25. Wood infestation inspection is suggested.
x 26. Last recorded deed transfer: Date 06/16/1983 ,Consideration: $ 41,500
_27. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like
manner.
_28. Seller is paying part or all of closing costs.
_x_29. All comparable sales are verified closed sales.
_x_30. There are no special conditions or other requirements that would affect market value or future marketability in
the Appraisal Report.
75
**"'****** QUALIFICATIONS'k**i'*'****
Confidentiality and Security Policy
We consider privacy to be fundamental to our relationship with clients. We are committed to maintaining the
confidentiality, integrity and security of clients' personal information. Internal policies have been developed to protect
this confidentiality, while allowing client needs to be served.
We restrict access to personal information to authorized individuals who need to know this information to comply with
federal standards to protect your nonpublic personal information. We do not disclose this information about you or
any former consumers or customers to anyone, except as permitted by law. The law permits us to share this
information with our affiliates. The law also permits us to share this information with companies that perform
marketing.
When we share nonpublic information referred to above, the information is made available for limited purposes and
under controlled circumstances. We require third parties to comply with our standards for security and confientiality.
We do not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent,
sell, trade or otherwise release or disclose information to any other party.
Education
As of the date of this report, I andlor Steven W. Barrett, SRPA, SRA, ASA have completed the requirements under the
continuing education program of the Appraisal Institute and the American Society of Appraisers.
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499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-12
Irwin & McKnight, PC
Roger B Irwin
West Pomfret Professional Building
60 West Pomfret Street
Carlisle, PA 17013-3222
Re: Estate of: Viola I Baum
Social Security: 159-24-6089
Date of Death: April 12, 2010
Phone (888)502-4349
Fax (302)934-2955
May 10, 2010
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Dear Sir or Madam:
Per your inquiry, please be advised that at the time of death, the above-named decedent had on deposit with this bank the
following:
1. Type of Account Checking Account
Account Number 402265
Ownership (Names o, fl Viola I Baum
Opening Date 09/01/67
Balance on Date of Death $ 7758.35
Accrued Interest $ 0.00
Total ..............................................................................
$ 7758.35
2. Type of Account Installment Loan (HQL)
Account Number 12044440765034998
Ownership (Names of) Viola 1 Baum
Opening Date 06/10/02
Balance on Date of Death $ 0.00
Current Balance $ 0.00
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 infi~rmation on the
above accounts, including ownership and any changes, closures and/or reimbursement of funds, etc., please contact
our Stonehedge branch call #i 1 ~-240-4524
Sincerely,
r
~~
Norissa Sears,
Adjustment Services
. ~
~' Sovereign Bank
ESTATE OF Viola I Baum
SOCIAL SECURITY #: 159-24-8069
DATE OF DEATH: April 12, 2010
Account #: 2895415509 Type: CD Open date: _ 9/9/2000
In the name of: Viola I Baum
Date of Death Balance: $44,000.00
Int.(YTD) from 1/1/2010 to 3/31/2010 $444..46
Accrued interest to date of death: $64.13
Other Info:
Account #: 2895268668 Type: CD Open date: _ 2/7/2000
In the name of: Lois M Baum or Viola I Baum
Date of Death Balance: $0.00
Int.(YTD) from to
Accrued interest to date of death:
Other Info: closed 9/16/09 for 12,317.75
Page 1 of 1
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Court Ordered Processing \ Decedents - MA1-MB3-02-10 - P. O. Box 841005 -Boston, NIA _rl8'~#'~
May 25, 2010
Law Offices
Irwin & McKnight, P.C.
60 W . Pomfret St.
Carlisle, PA 17013-3222
RE: Estate of Viola I. Baum
Date of Death: April 12, 2010
Dear Mr. Irwin:
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 riot included in
the date of death balance.
Please feel free to contact me if I can be of any further assistance.
Very truly yours,
Linda Spavento
Team Leader
617-533-1789
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