The URL can be used to link to this page

Home My WebLink About08-05-1015056071120 --J REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO BOX.280601 Harrisburg, PA 17128-0601 RESIDENT DECEDENT 21 0 9 1 D'7 ~j ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 209 58 3284 11 03 2009 11 12 1964 Decedent's Last Name Suffix Decedent's First Name MI KUHN KIM L (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 1. Original Return 4. Limited Estate g Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) 4a. Future Interest Compromise ~ 5. Federal Estate Tax Return Required (date of death after 12-12-82) ~ Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Trust) 0 10. Spousal PovertY Credit jdate of death 11. Election to tax under Sec. 9113(A) ^ between 12-31 zJ1 and "~-1-95) (Attach SCh. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONE{DENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number EDMUND G. MYERS (717) 7 61 4 5 4 0 Firm Name (If Applicable) JOHNSON DUFFIE First line of address 301 MARKET STREET Second line of address PO BOX 109 City or Post Office LEMOYNE REGISTER OF V~N,LS USE Ot~L~' - .,~~ - ,:~ ~:_~ k~ -~,~ .~ ' ,r e -~ r DATE_FIL~D w -. c~.. C'+ State ZIP Code PA 17043 _ . .__.~ ~~ i E- -~ _? :, .. 1 _ ~ ~..; Correspondent's a-mail address: egm@jdSW.COm Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative Is based on all information of which preparer has any knowledge. SIGNATU OF PERSON RESP NSIBLE FOR FILING RETURN I DATE KIPP W FOSSELMAN 7 East Wick Court. Carlisle. PA 17015 SIGNA OF PREPARER OTHER THAN REPRESENTATIVE DATE ,~ ~ EDMUND G. MYERS ~ ( oL~ ADD SS 301 MARKET STREET, LEMOYNE, PA 17043 Side 1 ~, 15D56071120 15056071120 J .-~;~, J 15056072120 REV-1500 EX Decedent's Social Security Number DecedenYsName: KIM LOUISE KUHN 209 58 3284 RECAPITULATION 1. Real Estate (Schedule A) ....................................................................................... 1. 110 , 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. 4 , 3 5 0 . 0 0 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested............ 6. 21.68 7. Inter-Vivos Transfers & Miscellaneous I~q Probate Property (Schedule G) ^~ Separate Billing Requested............ 7, 8. Total Gross Assets (total Lines 1-7) ..................................................................... g, 114 , 3 71.6 8 9. Funeral Expenses & Administrative Costs (Schedule H) ....................................... 9. 17 , 123.62 10. Debts of Decedent, Mortgage Liabilities, 8 Liens (Schedule I) .............................. 10. 115 , 2 81.19 11. Total Deductions (total Lines 9 ~ 10) ................................................................... 11 13 2 , 4 0 4.81 12. Net Value of Estate (Line 8 minus Line 11) .......................................................... 12. -18 , 0 3 3.13 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. -18 , 033.13 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. 0.00 16. Amount of Line 14 taxable at lineal rate X .045 0. 0 0 16. 0. 0 0 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0, 0 0 18. 0. 0 0 19. Tax Due .................................................................................................................. 19. 0 . 0 0 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ^ Side 2 15056072120 15056072120 REV-1500 EX Page 3 n........1....+~~ ~`.~w.r,lnfn Arlrlrncc• File Number 21-09-1076 .......~~._..- - -----r---- - ---- - - - DECEDENT'S NAME KIM LOUISE KUHN _ STREET ADDRESS 7 East Wick Court CITY STATE ZIP Carlisle PA 17015 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 3. Interest/Penalty if applicable p, Interest E. Penalty 0.00 Total Credits (A + B + C) (1) 0.00 (2) 0.00 Total Interest/Penalty (D + E} 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. A, Enter the interest on the tax due. g, Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Payable to: REGISTER OF WILLS, AGENT (3) (4) (5) 0.00 (5A} (5B) O.QQ 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 :............................................................................... i i d ^ ncome :.................................. ts or b. retain the right to designate who shall use the property transferre ^ 0 c. retain a reversionary interest; or ............................................................................................................... ? ^ 0 ............................................................ d. receive the promise for life of either payments, benefits or care 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without ^ ^ x receiving adequate consideration? .................................................................................................................... 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)j. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116 1.2} [72 P.S. §9116 (a) (1)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. 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 KUHN, KIM LOUISE 21-09-1076 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) (It more space is needed, additional pages of the same size) Rev-1508 EX+ (6-98) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER KUHN, KIM LOUISE 21-09-1076 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. Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) (It more space is needed, additional pages of the same size) Rev-1509 EX+ (6-98) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER KUHN, KIM LOUISE 21-09-1076 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 RELATIONSHIP TO DECEDENT A. Kipp W Fosselman 7 East Wick Court Friend Carlisle, PA 17015 B C. JOINTLY OWNED PROPERTY: ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSE % OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTEREST 1 A 9/19/2008 Members First Federal Credit Union Checking 16.41 100.000% 16.41 Account No. 27495-11 2 A 9/19/2008 Members First Federal Credit Union Savings 5.27 100.000% 5.27 Account No. 27495-00 TOTAL (Also enter on Line 6, Recapitulation) I 21.68 (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 F (Rev. 6-98) REV-1151 EX+ (10-06) COMMNHERITANC~OFpp,,P~~RET RNANIA RESIDENT DECEDEN~ SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER KUHN, KIM LOUISE 21-09-1076 LJCUW VI uGVG4rilIL ~~~u~~ v` ~c.Nv. ww v.. .........,....... .. ITEM DESCRIPTION AMOUNT N MBER A, FUNERAL EXPENSES: See continuation schedule(s) attached B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) KIPP W FOSSELMAN Street Address 7 East Wick Court city Carlisle state PA zip 17015 Year(s) Commission Daid 2. Attorney's Fees JOHNSON DUFFIE 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 4,764.59 5,718.00 5,718.00 306.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 617.03 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 17,123.62 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 KUHN, KIM LOUISE 21-09-1076 ITEM NUMBER DESCRIPTION AMOUNT Funeral Ex ep rases 1 Malpezzi Funeral Home 4,764.59 H-A 4,764.59 Other Administrative Costs 2 Clauser Real Estate Appraisers -Residential Appraisal 350.00 3 Cumberland County Register of Wills Office -Filing Fees 30.00 4 The Cumberland Law Journal -Notice of Estate Administration 75.00 5 The Patriot News Company -Notice of Estate Administration 162.03 H-B7 617.03 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1512 EX+ (12-081 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FILE NUMBER KUHN, KIM LOUISE 21-09-1076 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Bank of America Goldcard Mastercard Account No. 5401 2684 4702 0519 10,018.66 2 Bank of America Mastercard Account No. 5329 1200 3851 9665 6,116.25 3 CapitalOne Visa Credit Card Account No. 4862 3623 1236 5607 1,255.10 4 CitiCard Credit card Account No. 5410 6546 1618 0714 9,091.81 5 Condominium Association Dues 720.00 6 Discover Card Credit Card Services Account No. 6011 0028 2058 0512 12,309.62 7 Fidelity Mortgage 59,114.58 8 Holy Spirit Hospital 9 Johnson Duffie Stewart & Weidner -Fees for Estate Planning Services prior to Death 160.00 10 Penn State Hershey Medical Center 340.00 11 Physicians of Rehabilitation, Industrial 8r Spine Medicine, P.C. 213.00 12 Slate/Chase Credit Card Services Account No. 4305 8706 0003 4680 15,942.17 TOTAL (Also enter on Line 10, Recapitulation) I 115,281.19 (1f 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+ (11-08) COMMNHE~,ITAN~ ~ ABC RET~RNANIA RE IDEN DE EDEN SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER KUHN, KIM LOUISE 21-09-1076 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S) RECEIVING PROPERTY DECEDENe (Words) ($$$) TAXABLE DISTRIBUTIONS [include outright spousal I. distributions, and transfers under Sec. 9116(a)(1.2)] Kipp W Fosselman 7 East Wick Court Carlisle, PA 17015 Friend ~ 100% of Residue ~ Tota I ~ Enter dollar amounts for distributions shown above on lines 15 throu h 18 on Rev 1500 cover sheet, as a ro ~ 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 SHEET Copyright (c} 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 11-08) ESTATE OF KIM L. KUHN SCHEDULE OF EXHIBI TS EXHIBIT A Last Will and Testament for Kim L. Kuhn signed and dated October 16, 2009 EXHIBIT B Appraisal for Property located at 7 Eastwick Court, Carlisle, Pennsylvania EXHIBIT C Appraisal for Decedent's Jewelry by Greenwich Village Art Center 409703 ~ ~ ~ ,: ;~ ~` ~. ~ ...~, ~ .:..,... ,~.ti,,y.,»::. \.. vn.. ..: ~e ~~mrr,~. ec~r. `~.. ........ ._. _.., .__. __~_.. .....°1,. ,~.~ .- -..~-,T. ."r .-~w.es`a+..eG irr.~7 .~~^+w.:-rm^*+rm+fM ..._,.~.__._ .~._._: L ,........... , ..... .. Last Will and Testament of ]KIM L. KUHN I, KIM L. KUHN, of the Borough of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all Wills or Codicils at any time heretofore made by me. ARTICLE I. DEBTS I direct the payment of all my legal debts, and the expenses of my last illness and funeral from my Estate as soon after my death as conveniently may be done. ARTICLE II. TANGIBLE PERSONAL PROPERTY I give and bequeath my household and personal effects and other tangible personalty of like W. FOSSELMAN. ARTICLE III. REST, RESIDUE AND REMAINDER I give, devise and bequeath all the rest, residue and remainder of my Estate, of whatever nature and wherever situate, unto I{IPP 'W. FOSSELMAN. nature (not including cash or securities), together with any existing insurance thereon, unto KIPP ARTICLE IV. PERSONAL REPRESENTATIVE I name, constitute and appoint KIPP W. FOSSELMAN, Executor of this my last Will and Testament. No fiduciary appointed herein shall be required to post bond for the faithful administration of the duties required in any jurisdiction. IN WITNESS/W EREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this ~(~---day of ~G~~ ~ 2009. P ~'Y~~, (SEAL) KIM L. KUHN Signed, sealed, published and declared by the above-named Testatrix, as and for her Last Will and Testament, in the presence of us, who at her request, in her presence and in the presence of each other, have hereunto subscribed our names as witnesses. A X71 ~,.O,a w~ ~ _ I. i ~ i .~ ~ ~!,I ~ ~'l __ ~ l ~ /_` > „if ~~ ~ ~ } ~ '~ 1f'"t:4.~~~T a :i ~'F i !«. ~~ ~; ,,, ~ ~ _ 7 ~ ,~ -~------- _-- - - - _..... _...._...__..____.._ _. ._.....,_.,._____._.._..,._.r.,.,_~w...~,..~.,~....,._._~,.~..._..___.___ _...._ AFFIDAVIT AND ACKNOWLEDGMENT ~~ COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND We, KIM L. KUHN, ~Qt~iQ- (/j/1 ~ ~nuU~ and ~VL; (~ sS ~-t~~W _, the Testatrix and the witnesses, respectively, whose names are signed to the attached or 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 purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix, signed the Will as witness and that to the best of his/her knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. {IM .I{U N Witness Witness Subscribed, sworn to and acknowledged before me by KIM L. KUHN, Testatrix, and subscribed and sworn to before me by ~L~UL~' ~i(• G~~L~ and ~~~ ~ t 5s L~~- ,witnesses, this ~~ day of ~G~~~ , 2009. ~~ Edmund G. Myers Attorney I. D. #20558 ~qa~ ~x~~-`,.:~^~~rf,'1"^~i, 3'~'~'re !y Est r7.'1'R ,a~!s'«r~i yt H •1+;+ptL' a .~! . ,y c v - fib,. r i".~;. J~ - -• - r ~~ ~~ ~ ++~«~ ~ [- ~~. S . ~ ~ya {<> '~ 1~_ ~°L~ ,. ~i r.•f~.i. S..-.~~ hi. n i~~s [ ~7 ~~t~ r / ,~_. l~ i.~ ~~~ f .;/ ,y`. 3+` 1`l~,Frl,{~` tM _ ,,I'(~i•Ni i'Lfi~r '7 /_±(~Y c t e "y~ ~ ~ f yl~ ~ s T~ - ~-~! y~~~~. ~ . ~,/f ` ,/ +~ {'T i°t~ n~I `.~ i 1i'1Y~; y7nl~"~~?;~! Y~ r r \l- 1.~.. ~.F t~. .~ rP,. ril ,t.. ~ T ttr,~_ 1 ~ jy: / i ~ ~ C~.:' ~ ' ,-~ ~~.1~~ ~_r :r.t xrf~fdl h'°'; Cx.. yy. ~`.T,l ~f1.1. `r..~.~.:C •. ~f .!. ~V :~~~.iSj~:~~~..L j.. 1.i P+~ ,t~. * J 4,s 1,:\ }.i f J'( t`\ ~• {"Y,~~S f _ _ COMMONWEALT]EI OF PENIVS`YLVAIVIA, • SS• COUNTY OF CUMBERLAND On this, the~~day of ~(,,, , 2009, before me the undersi ned g officer, personally appeared EDMUND G. MYERS, Attorney I.D. #20558, known to me (or satisfactorily proven) to be a member of the bar of the highest court of Pennsylvania and subscribing witness to the within instrument, and certified that he was personally present when the foregoing acknowledgment and affidavit were signed by the Testatrix and the witnesses. IN WITNESS WHEREOF, I hereunto set my hand and official seal. .~ Notary P blic C~C?Cy~lViO«VJC~31_~T'C-i CF~ f~'~~If~lSYLV/~t'~lA T l~ot~3ria} Seal Gana L. V~,'ies~eman, f~fotary Public Lemayno garo, Cumberland County IVIy Cnmrnisssian Ex~irr~s .{an. 15, 2.013 Member, I'enn;,ylv,~+nia Asr,ociation ofi i~c~tarie :379602 ,. , .. ; ':~;: air ~ ~ ~ . :--- --~''%'.' .1 ~ ~ r ~, :,~ ~ ll. 1,. fy r.., ,;1.. i Greenwich Village Art Center i Evelyn Buchholz 2151 Market Street Calnp Hill, PA 17011 Phone: 717-73 7- l 646 APPRAISAL OF JEWELRY Bill To ~~~ Date Invoice # 3/16/2alo 62 Ship To P.O. Number Terms Rep Ship Via F.O.B. Project 3/16/2010 Quantity Item Code Description Price Each Amount 1 Pendant -- 16" gold -- 14 kt gold -- box chain -- diamond TW 25 kt 650 Earrings -- 14 kt white gold -- center stone Peridot -- 4 ctw -- D -- 20 1 point tw 900 ~ Ring -- yellow gold -- 14 kt gold -- center stone -- 2 ctw -- slight embrasion -- 20 diamonds 2 points 900 1 Ring -- yellow -- 14 kt gold center stone aquamarine -- 4 ctw -- 6 diamonds 2 points 700 . T'Otal xo.oo Main File No. 10-0216 R-1 Pape #1 APPRAISAL OF REAL PROPERTY LOCATED AT: 7 Eastwick Ct Deed Book 102 Page 111 Carlisle, PA 17015-7655 FOR: NA AS OF: 1113/09 BY: Dennis L. Stover PA Certified Residential Real Estate Appraiser Certification Number RL 138906 Clauser Real Estate Appraisals PO Box 777 Camp Hill, PA 17001-0777 Form 6A1 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE GEORGE CLhUSER ',Main File No. 10-0216 R~Page #J ~CC11'1GAITIAI APPR~IS01 SUMMARY REPORT Summary Report Fila Nn ' 1(1-O71 F R-1 ^ tr.w^rr~^ ~ ^ . - --- -- - Property Address; 7 Eastwick Ct City: Carlisle State: PA _ _ Zip Code: 17015-7655 Coun :Cumberland Legal Description: Deed Boak 102 Page 111 _ _ ____^_ __ v Assessor's Parcel #: 40-24-0748-00207_ Tax Year: 09-10 R.E. Taxes: $ 1 543 Special Assessments: $ NA Borrower (rf applicable): NA ___ ~ Current Owner of Record: The Estate of Kim L. Kuhn Occupant: ^ Owner ®Tenant ^Vacant ' ^ Manufactured Housing v7 Project T e: ^ PUD ~ Condominium ^ Coo erative ^ Other describe) HOA: $ 180/Qtrly ^ per year ^ per month Market Area Name: South Middleton Tw . lulap Reference: 25420 Census Tract: 42041-0125.00 The pur ose of this a raisal is to develo an opinion of: Market Value as defined , or ^ other type of value (describe) This re ort reflects the followin value 'd not Current, see comments : ^ Current the Ins ection Date is the Effective Date ~ Retros ective ^ Pros ective Z' A roaches developed for this a praisal: ®Sales Cam orison A roach ^ Cost Approach ^ Income Approach (See Reconciliation Comments and Scope of Work ~: Prope Ri hts Ap raised: ~ Fee Sim le ^ Leasehold ^ Leased Fee ^ Other describe Intended Use: The intended use of this appraisal report is for the client to evaluate the property that is the subject of this appraisal to establish a fair market value. isal re rt is the client and no other users are intended. r f thi d _ s a a ed user o a Intended Users b name or pe : The inten , °:` Client: Ki Fosselman Address: 7 Eastwick Court Carlisle PA 17013 , Ap raiser: Dennis L. Stover Address: P. O. Box 777, Cam Hill, PA 17001-0777 ' Location: ^ Urban Suburban Rural Predominant One-Unit Housing Present Land Use Change in Land Use Occupancy Built up: ^ Over 75% ®25-75% ^ Under 25% PRICE AGE One-Unit 85 % ^ Not Likely _' Grovrth rate: ^ Rapid '~ Stable ^ Slow ~ Owner $(000) (yrs) 2-4 Unit 5 % ^ Likely * ®In Process Property values: ^ Increasing ®Stable ^ Declining ^Tenant 70 Low 0 Multi-Unit 5 % * To: vacant land to Demand/supply: ^ Shortage ®In Balance ^ Over Supply ®Vacant (0-5%) 1 000 Hi h 150 Comm'I 5 % residential development ~ Marketin time: ®Under 3 Mos. ^ 3-6 Mos. ^ Over 6 Mos. ^Vacant >5% 165 Pred 35 % ~. Market Area Boundaries, Description, and Market Conditions (including support for the above characteristics and trends): The subject neighborhood is the Carlisle area of Cumberland County Shopping schools and churches are located within 10-15 minutes of the property. Full service shopping Public school students attend the South Middleton Twp i t 10 15 i l . m nu es mate y - is available at the Camp Hill and Capital City malls approx School District Employment centers are located in Harrisburg Camp Hi11 York and Mechanicsburg. Market conditions in the subtect F, w nei hborhood are considered moderate! active with low mort a e interest rates bein the rima catal st. Sales in recent weeks have been moderately active Typical financing for residential properties includes 80% to 90% loan 1-3 points 5.5-6.5°lo mortgage interest rates for up to ~ 30 years Typical marketing time is between 30 and 90 days Dimensions: NA Condo Site Area: NA Condo Description: Residential High Density Zoning Classification: RH _ Zonin Com {lance: ~ Le al ^ Legal nonconforming randfathered ^ 111ega1 ^ 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) Actual Use as of Effective Date: Residential Use as appraised in this report: Residential ~, Summary of Highest & Best Use: The highest and best use of the subject is the present use. Q a _ Utilities Public Other Provider/Description Otf-site Improvements Type Public Private Topography Av Electricity ® ^ PPL Street Macadam ® ^ Size Avg p Gas ® ^ Natural Curb/Gutter Concrete ® ^ Shape Rectan ular _ Water ® ^ Public Sidewalk Concrete ® ^ Drainage Avg rn __ Sanitary Sewer ® ^ Public Street Lights None ^ ^ View Av _ Storm Sewer ® ^ Yes Alle None ^ ^ Other site elements: ®Inside Lat ^ Comer Lot ^ Cul de Sac ^ Underground Utilities ^ Other describe FEMA Spec'I Flood Hazard Area ^ Yes ®No FEMA Flood Zone X FEMA Map # 42041 C0240E FEMA Map Date 3!1612009 Site Comments: There are no apparent easements encroachments special assessments slide areas or illegal or legal nonconforming uses known. General Description Exterior Description Foundation Basement None Heating # of Units One ^ Acc.Unit Foundation Slab Siab 0 Area Sq. Ft. Type FWA # of Stories 2 u Exterior Walls Vin I Crawl Space 0 % Finished fuel Gas Type ^ Det. ~ Att. ^ Roof Surface Shin le Basement NA Ceiling Not workin Design (Style) Townhouse/Interior Gutters & Dwnspts. Aluminum Sump Pump ^ NA Walls Cooling ®Existing ^ Proposed ^ Und.Cons. Window Type DblHun Dampness ^ No Evidenc Floor Central CA v7 Actual Age (Yrs.) 17 Storm/Screens Insulated/Scrns Settlement No Evidence Outside Entry _ Other Z: Effective A e rs. 15 Infestation No Evidence , ~ Interior Description Appliances Attic ^ None Amenities Cat Storage ®None j Floors Carpet/Ceramic Tile Refrigerator ^ Stairs ^ Fireplace(s) # Woodstove(s) # Garage # of cars ( Tot.) ~: Walls r all Range/Oven ~ Drop Stair ^ Patio Rear Attach. Trim/Finish Wood Disposal ,~ Scuttle ® Deck Detach. f Bath Floor Vin I Dishwasher ® Doorway ^ Porch Blt.-In ?: Bath Wainscot Fiber lass Fan/Hood ^ Floor ^ Fence Vinyl Carport ~, Doors wood Microwave ^ Heated ^ Pool Driveway z Washer/Dryer ^ Finished ^ Surface 1 Off Street Finished area above grade contains: 4 Rooms 2 Bedrooms 1.5 Baths 1 044 S uare Feet of Grass Living Area Above Grade ~_ Additional features: Dwelling appears to be in average condition The carpeting show signs of wear and the interior should be prepped and ~ C3 ainted. At the time of ins ection the HVAC s stem was not workin and needs to be re laced. w Describe the condition of the property (including physical, functional and external obsolescence): Subject is a townhouse style dwelling in average condition. ~ Physical• Depreciation due to age and condition Functional: None External: 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 and/or defects in the property. [~' ' RE51 DENTIAL ~opynghtcw zuui oy a to moue, inc. irnstorm may oe reprooucea unmoamea wimour wnrren permission, nowever, a is moue, mc, must ue acKnowieugeu anv creuueu. Form GPRES2 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE 3/2007 RESIDENTIAL APPRAISAL SUMMARY REPORT My research did did not reveal any prior sales or transfers of the subject property for the three years prior to nata Sourre(sL Ci ~mherland Countv Tax Assessment Office Main File Ng. 10-021G R-1 Page #7~ Summary Report File No.: 10-0216 R-1 _ date of this appraisal. O 1st Prior Subject Sale/Transfer Analysis of sale/transfer history and/or any current agreement of sale/listing: _______- _ __ y Date: Not in the last --- - --- Price: three ears. -- - Source s : CCTAO _ --- 2nd Prior Subject Sale/Transfer =_ Date: Price: Sources SALES COMPAR{SON APPROACH TO VAL UE it develo The Sales Comparison Ap roach was not developed for this appraisal. FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 7 Eastwick Ct Carlisle PA 17015-7655 2 Eastwick Ct. Carlisle 5 Carter Place Carlisle 11 Courtyard Dr. Carlisle Proximi to Subject Sale Price $ NA 0.02 miles S $ 127 500 0.77 miles NE $ 127 000 2.94 miles N $ 122 875 Sale Price/GLA $ /s .ft. $ 122.13 /s .ft. $ 94.49 /s .ft. $ 103.43 /s .ft. "Data Sources Ins ection CPML Courthouse Realtor CPML Courthouse Realtor CPML Courthouse Realtor Verification Sources NA Tax Assessment Records Tax Assessment Records Tax Assessment Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Adjust. DESCRIPTION + - $ Adjust. DESCRIPTION + - $ Adjust. Sales or Financing Concessions NA NA Conventional Sellers Hel -3 000 Conventional None Known Cash None Known Date of Sale/Time NA 7/22/09 MT 12 4/23/09 MT 20 11/12/09 MT 131 _' Ri hts A raised Fee Sim le Fee Sim le Fee Sim le Fee Sim le Location Suburban Suburban Suburban Suburban Site NA Condo NA Condo NA Condo NA Condo View Av E ual E ual E ual Desi n Style Townhouse/Interior Townhouse/Interior Townhouse/End -1 500 Townhouse/End -1 500 "~ Quali of ConsVuction Av Av Av Av ;* A e 17 15 23 11 Condition Av Su erior/U dated -4 000 Su erior/U ated -4,000 Su erior/U dated -4,000 Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdmts Baths Room Count 4 2 1,5 4 2 1.5 5 2 2.5 -4000 5 2 1.5 ?'. Gross Livin Area 1 044 sq.ft. 1,044 sq.ft. 0 1 344 s .ft . -3 000 1,188 sq.ft . -1,440 ~; Basement & Finished Rooms Below Grade NA Slab NA Slab Full Unfinished Stora a/Mech -5 000 NA Slab a.~' Functional Util'Ity HVAC needs re la Av -5 000 Av -5 000 Av -5 000 fieatin Coolin GF•1NA/CA GFWA/CA EHP/CA GFlNA/CA Energy Efficient Items Insulation Insulation Insulation Insulation 4 Gara a/Carport Off Street Off Street Off Street Off Street d Porch/Patio/Deck Patio Patio Patio Patio Z O' _ ~_ - ~ Net Ad'ustment otal ^ + ®- $ -12 000 ^ + ®- $ -22 500 ^ + ®- $ -11 940 tai' y Adjusted Sale Pnce of Comparables Net 9.4 % Gross 9.4 % $ 115,500 Net 17.7 % Gross 17.7 % $ 104 500 Net 9.7 - Gross 9.T% $ 110,935 N Summary of Sales Comparison Approach Sales used were all reasonably similar style dwellings in the same neighborhood and subject to reasonably similar amenities Adjustments were based on market extraction and/or judgment. The indicated value range on the above grid - extends from $104 500 to $115 500. The indicated market value is estimated to be less than the up per end of the value range and at $110,000. After an extensive search of available data bases, all three comparable sales used were deemed "BEST AVAILABLE" Indlcated Value b Sales Com arlson A roach $ 1 ~ 0 000 m R ES I D E NTIA L Copyright® 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, Inc. must be aclmowledged and credited. Form GPRES2 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE 3/2007 Main File No.10_0216 R~ Page #8'. ~CtL+111C1-ITI AI ADDDAICAI CI IMM~RY RFP[)RT Summary Report raeu„• ~n_m~ar~_~ ~~w~v~^. ^ .r.~ ... ------ -- - - - COSTAPPROACH TOVALUE if develo d The Cost Ap roach was not developed for this appraisal. Provide ode uate information for re lication of the followin cost figures and calculations. ___J__ _,__._ Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value): Market/CCTAO ^ _ ___ ___ _. ESTIMATED ^ REPRODUCTION OR ^ REPLACEMENT COST NEW OPINION OF SITE VALUE .__......._._.____...-_.___ .... - _._._..__ _$ Source of cost data: NA DWELLING Sq.Ft. @ $ _$ p Ouali ratin from cost service: NA Effective date of cost data: NA S .Ft. @ $ _$ depreciation, etc.): Comments on Cost Approach (gross living area calculations a S .Ft. @ $ - - . _$ , 4 a NA S .Ft. @ $ _$ _$ v tiara a/Ca art Sq.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 L'rfe if required : 40 Years INDICATED VALUE BY COST APPROACH -.-__....----.-_.._.._----...._. =S Y INCOME APPROACH TO VALUE if develo The income Approach was not developed for this ap raisal. d= Estimated Monthl Market Rent $ NA X Gross Rent Multi tier NA = $ indicated Value by Income Approach ~ Summary of Income Approach (including support for market rent and GRM}; c ~~: u ~ . O . -- ~ <~ ' PROJECT INFORMATION FOR PUDs If a liable The Sub~ect is part of a Planned Unit Development. '' Le al Name of Project: e Describe common elements and recreational facilities: a. -- Y ' Indicated Value by: Sales Compertson Approach $ 110 000 Cost Approach (If developed) S ND Income Approach (if developed) $ ND Final Reconciliation Insufficient market data was available to process the Income Approach The Safes Comparison Approach is deemed most _ reliable and given greatest weight._ __ Z' O: ~' This appraisal is made ®"as is", ^ subject to completion per plans and spec'dications 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 z the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair: If property is sold, ~, subject to satisfactory termite and radon certifications with appraised value based on clear test results. w a ^ This report is also subject to other Hypothetical Conditions and/or Extraordina Assumptions as s ecified in the attached addenda. Based on the degree of inspection of the subject property, as indicated below, defined Scope of Work, Statement of Assumptions and Limiting Conditions, - and Appraiser's Certifications, my (our) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is the subject of this report is: S 110,000 , as of: 11/3/09 ,which is the effective date of this appraisal. ff indicated above, this Opinion of Value is subject to Hypothetical Conditions and/or Extraordinary Assumptions included in this report See attached addenda. ~" A true and complete copy of this report contains 19 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. i Attached Exhibits: Q ®Scope of Work ~ Limiting Cond./Certifications ^ Narrative Addendum ~ Photograph Addenda ~I Sketch Addendum 4 ® Map Addenda ^ Additional Sales ^ Cost Addendum ^ Flood Addendum ^ Manuf. House Addendum ^ H othetical Conditions ^ Extraordina Assum lions ^ ^ ^ Client Contact: _ Client Name: Kipp Fosselman E-Mail: Address: 7 Eastwick Court Carlisle, PA 17013 APPRAISER SUPERVISORY APPRAISER (if required) or CO-APPRAISER (if applicable) ~ ~_ ~ i S ~` Appraiser Name: Dennis L. Stover sory or uperv Co-Appraiser Name: Company: Clouser Real Estate Appraisals Company: to Phone: (717) 737-7300 Fax: (717) 730-0922 Phone: Fax: E-Mail: dstovermax@comcast.net E-Mail: Date of Report (Signature}: February 16, 2010 Date of Report (Signature}: License or Cert'rfication #: RL 138906 State: PA License or Certification #: State: - Designation: Designation: Expiration Date of License or Certification: 6/30/2011 Expiration Date of License or Certification: ' Inspection of Subject: '~ Interior & Exterior ^ Exterior Only ^ None Inspection of Subject: ^ Interior & Exterior ^ Exterior Only ^ None Date of Inspection: 2116110 Date of inspection: (~ ' RESIDENTIAL ~opyngmv zuur oy a is moue, mc. irns Torm may oe reproaueea unmoamea wtmuu[ wnnen penrnssion, nuweve~, a la nwuC, In G. IIN5l UC OGNIVWICUyCU GIIU GICUIICU. Form GPRES2 - "WinTOTAL" appraisal software by a la mode, inc. - t-800-ALAMODE 3(2007 141_~In rIIF NO_IU-ULib Ys~~af~P may) Subject Photo Page Client Ki Fosselman Pro erty Address 7 Eastwick Ct __ Ci Carlisle County Cumberland State PA Z_ip Code 17015-7655 Owner The Estate of Kim L. Kuhn Subject Front 7 Eastwick Ct Sales Price NA Gross Living Area 1,044 Total Rooms 4 Total Bedrooms 2 Total Bathrooms 1.5 Location Suburban View Avg Site NA Condo Quality Avg Age 17 Subject Rear Not available due to weather Subject Street Form PICPIX.SR - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Subject Interior Photo Page Client Ki Fosselman --------- Pro a Address 7 Eastwick Ct - - Ci _ _ Carlisle ~ Coun Cumberland State PA ,Zip Code 17015-7655 - Owner The Estate of Kim L. Kuhn Subject Interior 7 Eastwick Ct Sales Price NA Gross Living Area 1,044 Total Roams 4 Total Bedrooms 2 Total Bathrooms 1.5 Location Suburban View Avg Site NA Condo Quality Avg Age 17 Subject Interior Subject Interior Form PICPIX.SI - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMOOE Building Sketch Client Ki Fosselman ----- ------- Prope C' Address 7 Eastwick Ct `_ -- - Carlisle Coun Cumberland State PA _Zip Code 17015-7655 Owner The Estate of Kim L. Kuhn 7 EASTWICK COURT FIRST FLOOR SECOND FLOOR 1e.Dn DINING KITCHEN 1e.oo• ~~ g x ~ MECMANICALS ~ m LAUNDRY BEDROOM S $ gATH ~ O EXACT AND NOT TO SCALE LIVING ROOM 18.00' BEDROOM 8.01 10.00' Sketch M Apex IV ^' Comments: Code AREA CALCULATIONS SUMMARY Description Net Size Net Totals GLA1 Firat Floor 512.00 512.00 GLA2 Second Floor 532.00 532.00 Net LIVABLE Area (Rounded} 1044 LIVING AREA. BREAKDOWN Breakdown Subtotals. Firat Floor 16.00 x 32.00 512.00 Second Floor 16.00 x 32.00 512.00 2.00 x 10.00 20.00 3ltems (Rounded} 1044 Form SKT.BIdSkI - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE FJlain Fi{e No. 10-0216 R-i 1 Page_#121 Comparable Photo Page Client Ki Fosselman -__.___ _ _~_ Pro a Address 7 Eastwick Ct _ ~- -- Ci Carlisle County Cumberland State PA Z~ Code 17015-7655 Owner The Estate of Kim L. Kuhn Comparable 2 Eastwick Ct. Prox. to Subject 0.02 miles S Sale Price 127,500 Gross Living Area 1,044 Total Rooms 4 Total Bedrooms 2 Total Bathrooms 1.5 Location Suburban View Equal Sfte NA Condo Qual'~ty Avg Age 15 Comparable 2 5 Carter Place Prox. to Subject 0.77 miles NE Sale Price 127,000 Gross Living Area 1,344 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 2.5 Location Suburban View Equal Site NA Condo duality Avg Age 23 Comparable 3 11 Courtyard Dr. Prox. to Subject 2.94 miles N Sale Price 122,875 Gross Living Area 1,188 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1.5 Location Suburban View Equal Site NA Condo Quality Avg Age 11 Form PICPIX.CR - "WinTOTAL" appraisal software by a la made, inc. -1-800-ALAMODE 'Main File_NQ.10-fl216 R-1~Pa~c e #13; Location Map Client Ki Fosselman _~ ------ --- Pro a - Address 7 Eastwick Ct City _ Carlisle County Cumberland State PA _ _Zip Code 17015-7655 Owner The Estate of Kim L. Kuhn ~>a v 1 ~ ~r. a la made i~c: ~M dd~a~, g ~ ~ , ; `~ Thc kaan m red eaaa teUnobOf' Park ._ ~ Vcpn11~ '' ~~mon4 . Ot g 7t I,: ~ ~ Vlllagc f _ NyM ~\ aY` rlAr"'t4 Park 4- - ~pp1`~0A a , $ ""° 4 ~ Q ~ ~a S d 4 ~ tsF • x}61 S W ~ i ~1 ~ J~ ~'Q~ g Gulyald Ky Cf- ~ g ~ -.~:~~/, b ~SPera H a $ ~Cf ~ ~ ~ d g~,~8 ./. . ~d Wig ,' ~,,~~" r al ~ ~ ~ ,tea, ~' P E N N S Y L V A~~~ N 1 A E m A~ + 4 b~ ,,~ ~ .M"' ~ Q ..... Oat A p YP '~ S pe 7, ~~~~h L 4 ~~ $ C U M 8 E R_ A N D~ Cal ;_ A ;.-N c ~ ~Qp g sn.nn~tr 2,wnq 8 a A __N Baz 7t ,~- ~! S t~ A& ~ $ AsylYarda TP1ij1 faR'"~ ~ ~ - I/. E ~~ 4 Pen ~ ~a~ Ra w rN.rn ai W Mm 5, 3 4 = Unaan &: -. , _ ~ .. -.. .._ US Army War _- _. Wacunlnnar • ~ .' t ~ ~ W ~"" ~ E Rm eta Colage p,~bnmP Canetwy g W1naly, Rl UkJ~lnaarr WLeyq Al. ±6lrawy,M ~'~'~ rlark~ as Cdpa N lu Na 'M1' A ~i w A 9 11 .~ ~._~-~_ W Ikon s1"' CarlkdaE ~alolr ~ .. Q ~ 6 Wcyvrk~ ~O,-.___.1M1:E N41i ~....EM0n& ran E ~,- ta.n t Va11aY ~ ~ ~ v.'„ie B"~"v1~ W sows 9r ~ ~ -; I +bn'Iwe & _ '+, 71 ~., yy~ i MIa y A g R N ~t A» E aarle~ ~ lstort y~`~, _6 < 4 e - ~ Wa'no13r A a Palk 4 ~ y~ k~ 9"~ t•+°Meadowc ~ ~' N ~ Park MIIR W ldw ffi ~ OI tr c Vend Mamorlal Grreana tt s~ a 6 i m A ; '°~r,y ~-.~ a i d¢ y G Rgyct pe _ __ ~P 8 ~ WabDl ~O FiMru•S A+a CDn1O~ 6P~'1 ~ ~~ G y~~ ~ A 0 f ~ ~~~ Q ~ ~ Lun! ~ q~i {g rp$~ '~ ~" y~- spy Q d ~" € % tr P~ ~- g 2 Q P p JO ]II 9h wwe'~+'n In am„, pr sa.,0t'° b w~n^ ~4 ~'4 'eBomy Brad` a ink e° win a ~ ~, ~~ ~*' aa'g,Q tNIO~ d ,~ 9 1 1 ~~,~ Q ~ ~` g a a ~~,~ d ~' ~ ~a~~ d ~~ NI 2 17< Pgor i ~ ~ ~ ia~ Q ~. ;~y,wa1 Craphaad P E N N S Y L V A N 1 A ~~ Epe Yn~k Re C U M 4 E R _ A V D ;174' ~bp~ 4~~' f^. ~t~~ S t7~ v ,rr ~va* ae ~ T) 9D _ _-w..Y 6 4 Tnya ~n DMA ~' ~Gr Barniu r r~`Bi~ar. $ Re ~~` Harlon d `' ~. D>,k ~ }z $ ° ~°la ~ ~ M~TOp tr Mount ~ ~ HoDy . rkr S s ~ _. - CarlkN ~ t~ . p g . - - - g Maatt Ndy ~: 0.6 antes Q DPrI"9a,.. `, Mt Hory Q L ~ i~rlsa; y~ CWnr& x_`]19 ~ ~ _n~': n'/rcm ~JB :::".^ra~ ]~_~ Form MAP.LOC - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Main Fi_Ie No. 1~7-0218 P-l_Page #14~ Special Conditions - File N~.1o-0216 R-1 Client Ki Fosselman __ ____- _ _-___-__ Pro a Address 7 Eastwick Ct `__ -____ _~-~__ Ci Carlisle _ County Cumberland State PA _ Z~ Code 17015-7655 Owner The Estate of Kim L. Kuhn SPECIAL CONDITIONS ADDENDUM The following checked items are specific special conditions that were identified by the appraiser during the inspection of the subject property, the incomparable sales, and their neighborhoods and locations. 1. The subject is located in a rural area and is less than 25% built-up. The condition is typical and common for the area and DOES NOT affect the market value. X 2. Commercial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods and DO NOT affect the market value. X 3. Industrial uses are located within the subject's neighborhood. The presence of industrial uses, is typical for the neighborhood and DOES NOT affect the market value. X 4. Vacant and underdeveloped land uses are located within the subject's neighborhood. These uses are typical for the area and DO NOT affect the market value. _X_ 5. The predominant value in the neighborhood is greater than that of the market value of the subject property. This condition DOES NOT have an adverse affect the market value. 6. The subject property is located in a F. I. A. Identified Flood Zone. 7. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. _X_ 8. The subject is older than five(5) years old. All mechanical systems except the heating, appeared, based upon a visual exterior inspection to be in working order. No warranties are implied in this statement. 9. The electrical system was not connected during inspection. 10. The water service was not connected during inspection. 11. The heating system was shut down during inspection. 12. Well and septic are common to the area. 13. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The repair items are cosmetic in nature and DO NOT affect the market value. 14. Subject is new construction and was 90% completed on date of inspection. Compliance and completion inspections suggested prior to settlement. 15. Should property be sold, termite and radon certifications are suggested, with appraised value based on clear results. 16. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood and DOES NOT affect the market value. 17. The land value exceeds 30% of total value. This is due to the large size of the site. this condition is considered to be typical and common and DOES NOT affect there market value. 18. individual adjustments were required that exceed 10%. These adjustments were required due to the lack of more similar comparables on that individual rating. All three comparables are the BEST AVAILABLE. 19. Total adjustments exceed 15%. This is due to the lack of comparables on that individual rating. All three comparables are the BEST AVAILABLE. X 20. One or more comparable sales are older than six(6) months old. Although there are comparable properties in the subject area, none have sold recently, therefore, sales in excess of six (6) months old had to be used. _X_ 21. One or more of the comparables used were in excess of one(1) mile from the subject property. Although there are comparables in the immediate area, none have sold recently. Therefore, 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 three comparables used were the BEST AVAILABLE. 22. Roofing certification is suggested. 23. Plumbing certification is suggested. 24. Electrical certification is suggested. X_ 25. Heating certification is suggested. 26. Flood Hazard Insurance is suggested. 27. Seller is paying part or all of closing cost. This DOES NOT affect the market value. _X_ 28. All comparable sales are closed sales. _X_ 29. The subject property has not transferred in the past three years.. _X_ 30. This appraisal is a Summary Report with complete data retained in appraisal file. Form SUP - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Ma'n File No_10.0216 R-1 ~ Page #1.5~ DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under ail conditions requisite to a fair sale, the buyer and seller, each acting prudentty, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) bath parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or safes concessions* granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject stte is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, lie or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 10046 6-93 GEORGE CLAUSER Form ACR - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE ;Main File No.10_02i6 R-1 Pam#16j APPRAISER'S CERTIFiCAT10N: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. ti a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, 'rf a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my awn personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. 1 did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, co{or, religion, sex, handicap, familial status, or national origin of e'~ther the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. 1 was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. 1 have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared atl conclusions and opinions about the real estate that were set forth in the appraisal report. ti I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for ft. SUPERVISORY APPRAISER'S CERTIFICATION: ff a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 7 Eastwick Ct Carlisle PA 17015-7655 APPRAISER: Signature: _^^e~ Name: Dennis L. Stover _ Date Signed: February 16, 2010 _~ State Certification #: RL 138906 _ or State License #: _ State: PA Expiration Date of Certification or License: 6/30/2011 SUPERVISORY APPRAISER (only if required): Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: ^ Did ^ Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 10048 6-93 Form ACR - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE ;Main FihNo10-0216 R-1LPage #17' Signature Compliance Gaoni~ ~n_n~~a o_~ Client Ki Fosselman Pro a Address 7 Eastwick Ct _ Ci Carlisle County Cumberland State PA __Z~ Code 17_015-76_55 _ Owner The Estate of Kim L. Kuhn ELECTRONIC SIGNATURE COMPLIANCE Wintotal and Project 2000 are fully ASB (Appraisal Standards Board) compliant in their security. The signatures on this report have not been altered in any way and the digital signatures are to be considered as original. Form SUP - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE !Main Fila,_No.10-0216 R-11 Page #18~ Certificate Client Ki Fosselman ----- - -- Pro a Address 7 Eastwick Ct - - Ci Carlisle ~ County Cumberland State PA Zip Code 17015-7655 _ Owner The Estate of Kim L. Kuhn f'nm m+anwealth of PennsylF•ania Q $ ~ ~ $'~ ~ ~ ~ I~epartracnt ai State »ureau taf I'rafessittnal alrtd Occapation~l ~'lffairs fi0 Bns ~[wi9 Tlarr:sb;~r~ PA i?'lU$-Z64g Cectifirate Tti~iac - Ccrtifiease ~t~ttus Ger~ified Residantlat p,pprais~s Auctlve lttiitia3 Ccrtii~catiQn Date 11 t2f~'20d3 DENNIS L STtDYER 825 ADEUA ST l~ttDDLE7QWN RA 17Q57 __~~~y ~~ ~t __~ Cara-~i~nav5cr of I'mtti;.:.r.3!• ~iw! r'4cuy~,sF.,.~i Arl~irs Certificate '~ u rttl~er Ri_13$9Q& Expiraliaa Date Q613Q12D19 `.~~namnc Form MAP.PLAT - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE