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HomeMy WebLinkAbout01-11-11 (3)1505610101 REV-1500 ~` t01-10' 1~' PA Department of Revenue pennsylvania OFFICIAL USE ONLY DEGARTMENT OF REVENUE County Code Year File Number Bureau of Individual Taxes ~~,., .; .. ,- ,., _ Po Box 28o6oi INHERITANCE TAX RETURN 2 -1 ~ 1 0 1 0 .9 ~~ 4 Harrisburg, PA i'Ji28-0601 RESIDENT DECEDENT ~. ~~ ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY ~~.. ~.,. - 1~ 0 2 7 2 0 1 0 0 8 0'8 1 9 3;5.' Decedent's Last Name Suffix Decedent's First Name MI r i; K' r i t irk-o-s~ J o h n (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI .. , .- r. .~.. Spouse's Social Security Number -~ ~ - THIS RETURN MUST BE FILED IN DUPLICATE WITH THE ~. _ ;u REGISTER OF WILLS . ~ .. FILL IN APPROPRIATE OVALS BELOW ~ 1. Original Return O 2. Supplemental Retum O 3. Remainder Return (date of death O 4. Limited Estate 6. Decedent Died Testate (Attach Copy of Will) O 9. Litigation Proceeds Received O 4a. Future Interest Compromise (date of death after 12-12-82) O 7. Decedent Maintained a Living Trust (Attach Copy of Trust) O 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) prior to 12-13-82) O 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes O 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number z ..:, ~, A n t h o n y L~ D e L u c a E s q 7 1 7 ~,~ >g .: ~.. g 4~ REGISTEKt 1PT~LS Ub,~~r~ONLY'-"'' '.° ---~ ~~ .,, c : ~ _.3_~ r-- . ` ~ ~ .~„ r First line of address ,`~ ,...,. ~ ,- -~ ;. i^1 1 1 3 F r o n t S t r e e t ~~%' ~, ~~ ,= T- Second line of address ~ r ~ `~~ P O B O x City or Post Office B o i l i n g 3 5 8 I State ZIP Code l S p"r i n g s P A 1 7 0 0 7 Correspondent's a-mail address: DATE FILED 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. SIGNATURE OF PERSON SPONSIBLE FOR F I RETURN D TE e ` / ~~ Side 7 1505610101 1505610101 J J REV-1500 EX 1505610105 Decedent's Social Security Number Decedent's Name: John Kr i t i ko s 1 8 6 -~r 3 4 ;,~: 0 `: 4 5= 9 RECAPITULATION ~3 1. Rea! Estate (Schedule A) ............................................ . 2. Stocks and Bonds (Schedule B) ....................................... 2. 0 ~0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. y yy ~ 0 0 ~ 0 4. Mortgages and Notes Receivable (Schedule D) ........................... 4. 1 0 0 0 r ,`~=~:~'v..'~rk,'~ .~.s~a?..~~~.. ;pia" ~~,.,;€.,~._~~. ~~.,;, 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E)....... 5. 2 _1 7 ~' 4 ` 2 n 1 4 = 7 :; ~ _ 6. Jointly Owned Property (Schedule F) p Separate Billing Requested ....... 6. ,~ 0 ~ 0 ~ 0 . 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Pro e ~ ~~:~.'.° ~~' '' ~ '`~~°'`"'~" ~``~'" • ~~~~` P rtY Schedule G ~ r j~" {" ( ) p Separate Billing Requested........ 7. ~ ~ 0 ~ 0 ~ 0 8. Total Gross Assets (total Lines 1 through 7) ............................. 8. ', 4 . 0 8 ~, 4 ~ 2 .. 1 ~ 4 7 ... _ ..7`7.5 .._? 9. Funeral Expenses and Administrative Costs (Schedule H) ................... 9. y 4 8 +~ 0 ~ 4 sr* ,+l:• ;:~'v r .~j'r fk+j;~wt%;~ ~ ~'~1-~' r~"'4, ~r ~:~Y:R ~, t s ~ t.. 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) .............. 10. yp~~y. ..`i ~ 2 0 ~~+~q9(, ~ 0 Y 8 ~~i b,r^t~. ~1~~'.'l"~41"i1~^:'~i~Y~~ W 'C 4'~. ~C3k ~ 'i.~iGt 11. Total Deductions (total Lines 9 and 10) ................................. v 4 7 9 6 7 1~ 2~ 11. ~ ~ '~ ............12. 12. Net Value of Estate (Line 8 minus Line 11) .................. ~ ~ 3 6~0 ~4 ~ 5 4 . ~ 3 5 `~ 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which '~: ~~~.~r~'~T "~ ~ k ~~;~. an election to tax has not been made (Schedule J) ........................ 13. ~~~ ~„~ ~~~ 4~1M ~~R~.~~~ ` ,~t~„yt~~ Q 0 ~ 0 }3 j 14. Net Value Subject to Tax (Line 12 minus Line 13) ........................ 14. ~ 3 ; 6 ;, 0~ 4 5 . 4 ~3 t 5 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 - ~ " ~ ~ - ~ .. ~ ~, (a)(1.2) X .0_ ~ 15. ~ 16. Amount of Line 14 taxable t °'" ~1 ° ' ~ _~'~Z ~"G'-~~ ` ~"..~~' r. ` at lineal rate x .04 5 3 . 6 ~ 0; 4 5 >~ 4 5 16. 17. Amount of Line 14 taxable ~ ~`~' ~''` `~~' ~~-~`'~ .. at sibling rate X .12 ~' ~'` ~` ~ 17. 18. Amount of Line 14 taxable ~ ~ at collateral rate X .15 ~ ~ 18. 19. TAX DUE .............. .................................. .........19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 1505610105 1505610105 O J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-10 - 01 9 4 DECEDENT'S NAME John Kritikos STREET ADDRESS 50 Hoover Road CITY Carlisle, STATE PA ZIP 17015 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments _ 0 _ A. Prior Payments B. Discount $ 81 1 .0 2 3. Interest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (1) $1 6, 220.44 Total Credits (A + B) (2) 81 1 . 0 2 (3) -0- (4) --- (5) $15,409.42 Make check payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Y@s No a. retain the use or income of the property transferred :.......................................................................................... ^ b. retain the right to designate who shall use the property transferred or its income : ............................................ ^ c. retain a reversionary interest; or .......................................................................................................................... ^ ...................................................................... d. receive the promise for life of either payments, benefits or care? x 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .............................................................................................................. ^ ^X 3. Did decedent own an "in trust for" or payable-upon-death bank account or security at his or her death? .............. ^ 4. Did decedent own an individual retirement account, annuity or other non-probate property, which contains a beneficiary designation? x IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse. is 0 percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax,.and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent [72 P.S. §9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116(a)(1.3)]. 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. i r REV-1502 EX+ (6-98) SCNEDVLE A COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER John Kritikos 21-10-1094 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. (If more space is needed, insert additional sheets of the same size) REV-1503 EX+ (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER John Krit~:~©s 21 -1 0-1094 All property jointly-owned with right of survivorship must be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) ' 'REV-1'504 EX+ (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C CLOSELY HELD CORPORATION, PARTNERSHIP OR SOLE-PROPRIETORSHIP ESTATE OF FILE NUMBER John Kritikos 21-10-1094 Schedule C-1 or C-2 (including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, other than a sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships. (If more space is needed, insert additional sheets of the same size) 'REV-1507'EX+ (1-97) SCHEDULE D COMMONWEALTH OF PENNSYLVANIA MORTGAGES & NOTES INHERITANCE TAX RETURN RECEIVABLE RESIDENT DECEDENT ESTATE OF ~ FILE NUMBER John Kritikos 21 -1 0-1 094 All property jointly-owned with right of survivorship must be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (t-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF John Kritikos SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY FILE NUMBER 21 -1 0-1 094 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH ~~ Select with Interest Checking account, $17,392.94 #8892311658, at M&T Bank 2. Market Advantage Money Market account, 41,111.82 #15004198355222, at M&T Bank. 3. Certificate of Deposit, #031003917714452, 145,780.71 at M&T Bank. 4. 1976 Bonneville Brougham, V-8 4,270.00 See attached 2010 Collector Car Price Guide. 5. Miscellaneous items of personal property. 8,876.00 See attached appraisal. TOTAL (Also enter on line 5, Recapitulation) I $ 21 7 , 4 21.4 7 (If more space is needed, insert additional sheets of the same size) REV-1509 EX«(5.97) , SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER John Kritikos 21 -1 0-1 094 ff 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• NONE 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 ASSET % OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTEREST 1. A. NONE _ 0 _ TOTAL (Also enter on line 6, Recapitulation) a - 0 - (If more space is needed, insert additional sheets of the same size) REV•1510 EX+ (1-91) SCHEDULE G INTER-VIVOS TRANSFERS & COMNDHERITANCEDTAXERETURNANIA MISC. NON-PROBATE PROPERTY - RESIDENT DECEDENT ESTATE OF FILE NUMBER John Kritikos 21-10-1094 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENTAND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE . DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE 1. NONE _0_ -0- TOTAL (Also enter on line 7, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) REV-1511 EX+ (10-06) COMMONWEALTH OF PENNSYLVANIA InIURpITnAIrF TAY RFTI IRN SCIIiEDULE H FUNERAL EXPENSES & A1IMINISTQOTIVF ['CASTS ESTATE OF FILE NUMBER John Kritikos 21 -1 0-1 094 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~~ Myers Funeral Home, Inc. $10,135.00 37 E. Main Street Mechanicsburg, PA 17055 2. Gingrich Memorials 3,380.00 5243 Simpson Ferry Road Mechanicsburg, PA 17050 3. Chestnut Hill Cemetery Association 2,600.00 579 Brighton Place Mechanicsburg, PA 17055 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions 1 5, 0 0 0. 0 0 Name of Personal Representative(s) Kyr 1 akOS Kr 1 t 1 }COS- _ _ Street Address 1600 Orrs Bridge Road _ __ 17025 EnOla, PA Z;p _ State City --- Year(s) Commission Paid: 2 ~ 1 1 __ _ _ , 2. Attorney Fees Anthony L. DeLuca, Esquire 1 5, 000.00 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 _ _ _ - i____ ________- __ __- 4. Probate Fees 3 7 7. 5 0 5. Accountant's Fees 5 Q Q~ Q Q 6. Tax Return Preparer's Fees ~. Legal Advertising - Cumberland Law Journal 75.00 8. Legal Advertising - The Sentinel 250.54 9. Filing Fees Inheritance Tax Return/Inventory 30.00 10. Appraisal of House - Diversified Appraial Services 350.00 11. Appraisal of Personal Property - Roy D. Gottshall 60.00 TOTAL (Also enter on line 9, Recapitulation) f $4 7 , 7 5 8. 0 4 (If more space is needed, insert additional sheets of the same size) REV-1512 EX+ (12-03) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FILE NUMBER John Kritikos 21-10-1094 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. (If more space is needed, insert additional sheets of the same size) REV-1513 EX+ (9-00) SCNEDIJLE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER 21 -1 0 -1 0 9 4 John Kritikos 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. Konstantine Kritikos Son One-Third 1600 Orrs Bridge Road Enola, PA 17025 2. Kyriakos Kritikos Son One-Third 1600 Orrs Bridge Road Enola, PA 17025 3. Nikolaos Kritikos Son One-Third 118 Eagle Street Mt. Pleasant, PA 15666 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THR OUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: 1. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE NONE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ - ~ - (It more space is needed, insert additional sheets of the same size) t. LAST WILL AND TESTAMENT OF Z01 ~ N4Y ~ 3 p~ Z~ l tl JOHN KRITIKOS ~~'~~~{ aF ~T Q~PH1~! ~ ~,~U GUM~~RI.~~~~~' ~~~: , P~. I, JOHN KRITIKOS, a resident of 50 Hoover Road, Carlisle, Cumberland County, Pennsylvania being of sound mind, memory and understanding, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils heretofore made by me. ITEM l : I direct that all my just debts, the expenses of my last illness and funeral expenses be paid as soon after my decease as the same can conveniently be done. ITEM 2: I direct that there shall be paid out of my residuary estate all estate, inheritance and like taxes together with any interest or penalty thereon imposed by the government of the United States, or any state or territory thereof, or by any foreign government or political subdivision thereof, in respect to all property required to be included in my gross estate for estate, inheritance or like tax purposes by any of such governments, whether the property passes under this Will or otherwise, excluding, however, any property over which I have a taxable power of appointment, provided, however, that no residuary beneficiary shall by reason of this provision be denied the benefit of any deduction, credit, favorable rate of tax or other benefit which by law enures to such beneficiary. ITEM 3: I give, devise and bequeath all of the rest, residue and remainder of my estate, real, personal and mixed, of whatsoever kind and nature, and wheresoever situate ,, ~~ i JOHN RRITIKOS 1 LAST WILL AND TESTAMENT OF JOHN KRITIKOS at the time of my death, in equal shares, unto my sons, KONSTANTINE KRITIKOS, KURIAKOS KRITIKOS and NIKOLAOS KRITIKOS, provided, however, that they survive me and are living sixty (60) days after the date of my death. ITEM 4: If and in the event that a son of mine does not survive me and is not living sixty (60) days after the date of my death, then and in such event, I give, devise and bequeath the interest in my estate, which such deceased child would have received, if living, to the issue of said deceased child, per stirpes. ITEM 5: I hereby nominate, constitute and appoint my son, KURIAKOS KRITIKOS, Executor of this my Last Will and Testament, with full power to do any and al.l things necessary for the complete administration of my estate, and direct that no bond or other.surety is required of him in this or any other jurisdiction for his performance of this office. If and in the event that my son, KURIAKOS KRITIKOS, does not survive me and is not living sixty (60) days after the date of my death, or does not complete his duties as Executor, then and in such event, I hereby nominate, constitute and appoint my son, NIKOLAOS KRITIKOS, Executor of this my Last Will and Testament, with full power ~// ~ ~ (A' V V~~~ p.. JOHN KRITIKOS 2 LAST WILL AND TESTAMENT OF JOHN KRITIKOS to do any and all things necessary for the complete administration of my estate, and direct that no bond or other surety is required of him in this or any other jurisdiction for his performance of this office. ITEM 6: If any provision of this Will or of any Codicil hereto is held to be inoperative, invalid or illegal, it is my intention that all the remaining provisions thereof shall continue to be fully operative and effective, so far as is possible and reasonable. IN WITNESS WHEREOF, I, JOHN KRITIKOS, the Testator, have to this my Last Will and Testament, typewritten on three (3) consecutively numbered pages, subscribed my name and affixed my seal this~~~ "day of June, 2005. ~ ~ ~~ ~ -~M1 ~ ~.,~ SEAL) Signed, sealed, published and declared by the above named JOHN KRITIKOS, as and for his Last Will and Testament, in the presence of us, who have hereunto subscribed our names at his request, as witnesses hereto, in the presence of the said Testator, and of each other. C r E~ iding at ~ 1 ~~~ .-<: v _ ..~..~_.i~-~- -residing at ~ ~r,~-G-: -~. ~ ..r~..~~- GL ~ ~,' 3 s APPRAISAL REPORT 50 HOOVER ROAD CARLISLE, PENNSYLVANIA PREPARED FOR THE ESTATE OF JOHN KRITIKOS BY LARRY E. FOOTE DIVERSIFIED APPRAISAL SERVICES 35 EAST HIGH STREET, SUITE 101 CARLISLE, PENNSYLVANIA 17013-3052 (717) 249-2758 ~~.~ ~~ _ ~ .~ ~,~'~ ` 'Yk t ~~~.~ r v~ ~Y F p S, f ~ 3 ~~ ~ - t a ..~ Y ~~ 5 ~-~ tfi? yrf ~ ,~ ,~ r y ~. ~ ~,~~. ~ k,h'.4 i ~ ~. !' 1 1 1 1 1 i l l l 1 l l I LOCATION: 50 Hoover Road Carlisle, Pennsylvania TAX PARCEL NUMBER: 21-08-0573-062 IMPROVEMENTS: Two-story detached single-family dwelling. PROPERTY RIGHTS: Fee simple interest. aWNERSHIP HISTORY: The subject property is owned by John Kritikos. The property last transferred on July 15, 2003 for a reported consideration of $1.00 and ownership transferred on Deed Book 261, Page 1802. SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of the property's highest and best use, consideration of all three approaches to value, and the application of those relevant to the valuation of the subject. OBJECTIVE: To estimate the market value of the subject property as unencumbered. EFFECTIVE DATE: October 27, 2010. HIGHEST AND BEST USE: Continued use as asingle-family residence. COST APPROACH: N.A. SALES APPROACH: $191,000 INCOME APPROACH: N.A. FINAL VALUE CONCLUSION: $191,000 2 APPRAISAL CERTIFICATION I hereby certify that upon application for valuation by: I THE ESTATE OF JOHN KRITIKOS the undersigned personally inspected the following described property: All that certain piece or parcel of land, with the improvements thereon erected, situate in Middlesex Township, Cumberland County, Pennsylvania, bounded and described in accordance with a Final Subdivision Plan of Hoover Manor, recorded in the Office of the Recorder of Deeds for Cumberland County, Pennsylvania, in Plan book 48, Page 21, as follows: Beginning at an iron pin set on the Southern dedicated right-of--way line of a public road known as Hoover Road on the dividing line between Lots Nos. 5 and 6 on the aforementioned Subdivision Plan; thence by said dedicated right-of--way line, South 84 degrees 42 minutes 22 seconds East 200 feet to an iron pin; thence by the dividing line between Lots Nos. 6 and 7 on the aforementioned Subdivision Plan, South OS degrees 24 minutes 21 seconds West 329.12 feet to an iron pin; thence by the same, North 84 degrees 35 minutes 39 seconds West 200 feet to an iron pin; thence by the dividing line between Lots Nos. 5 and 6 on said Plan, North OS degrees 24 minutes 21 seconds East 328.73 feet to an iron pin, the place of beginning. Containing 1.510 acres, and being Lot No. 6 on the aforementioned Subdivision Plan. To the best of my knowledge and belief the statements contained in this report are true and correct, and that neither the employment to make this appraisal nor the compensation is contingent upon the value reported, and that in my opinion the Market Value as of October 27, 2010 is: ONE HUNDRED NINETY-ONE THOUSAND DOLLARS $191,000 The property was appraised 'as a whole, subject to the contingent and limiting conditions outlined herein. Larry E. Foote Pa. Certified General Appraiser GA-000014-L 5 - I I'~+~ ~' f ..~ ~~ - ~° ~ ~~ ~ -s' - . ~~s rI -:,~ ~,-, ,, GtJ` ., - ~. f ~ ~ ~ ~ ~,~ r /~ "r ; .~ ~. a~ ~ ~`~,~"~'e 9~'" {{~~(( ~ s __ ~~,~.,,,y~p+ ...r Cam.. .,. ~...~'--,~~~~::.y _ ~;~,~,~'; ~~~~..F~~ ~ ~ ~~;. w << 3 ~~ ~ ~~ i i'. P ... *x._. .__- .. _ ,r,` ~ ; ,~ ~~°~ ~~ ~; /~- a ..~-- ~, ~ ' ~,^ ~~,~c..~ ,~ ~ _ ;: r ~~d _ L I .e~~ ~.~ 1/i /~ .. ~/ ~ .~ ~ , r ~ ~' ~' ~. 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' ~ ~ `, ~ ~' ,q / V ~~^ t ~ ~' < y y}}yjj~~ ,~~'~""•i ,.W~~~,o ,j °.~~ ' ~'Uef/"~,,.d` !,,' ~~ ~!r/~RH r~Yi ~ ~ 4t! .e"""!jE Fa ~~tt ,~,,yyV~.~ w~ ~ ,J5/ r Mo...ww.~ / MM""" 6 !/ j ~. i i!'n... ~ ~~ ¢ r i „/ ..~. /".` ~-j~, ~p ~j ~ .. s. ..-..<.. .. _u~.n.au_.c+nrnu+w.,...u..a~nc_. ..._.»-.as:.._nuar. , N w.t ~: Ste. ',.~Mrt:A~+.-,- ~~ g ~ /I '. 1 /~'~~q! JJ'~~ff i ~ _ ,,y/ fr y W" ~ ,tea +;~ y ~ .,. J .~ ~~ n / °"7 // .v^ .,-.~ B C . ~ A'~ ~' /~ ~r ~ /J ~ ~, f' ~ ~dU e ua'kv' .m+.L. .,..mow.- .__.. ~~..~_ ~ ~~` .. 1, GS* ~ \J~.J f.. .... ~..._v..... G 5Q~`~ go~~ Z~l .~~~~- r ~~ ~~ 11 r~ ~r_ -~; ~. 8 HOW TO USE THIS PRICE GUIDE ,o.~,~~.,.~,r~~R~~,,~.,,~,,.. __ _. HOW TO USE THIS PRICE GUIDE Price estimates are listed for cars in six different states of condition. These conditions (1-6) are illustrated and explained in the VEHICLE CONDITION SCALE on the following three pages. Prices are for complete vehicles; not parts cars, except as noted. Modified-car prices are not included, but can be estimated by figuring the cost of restoring to original condition and adjusting the figures shown here. Appearing below is a section of chart taken from the Collector Car Price Guide price estimate listings to illustrate the following elements: A. MAKE: The make of car, or marque name, appears in large, boldface type at the beginning of each price section. B. DESCRIPTION: The extreme left-hand column indicates vehicle year, model name, body type, engine configuration and, in some cases, wheelbase. C. CONDITION CODE: The six columns to the right are headed by the numbers one through six (1-6) that correspond to the conditions described in the VEHICLE CONDITION SCALE on the follow- ingthree pages. D. PRICE: The price estimates, in dollars, appear below their respective condition code headings and across from the vehicle descriptions. B. DESCRIPTION A. MAKE D. PRICE C. CONDITION CODE CADILLAC VENICE ~) EXCELLENT: Restored to curve original with components operating 2) FINE: Well-restored, or a combinai well-maintained original showing very ,~ VEHICLE CONDITION SCALE 9 aUIDE conditions (1-6) are hree pages. :d-car prices are not ndition and adjusting Guide price estimate ~e at the beginning of del name, body type, bers one through six SCALE on the follow- dition code headings D. PRICE CODE 1 ~0 ~0 JO JO JO 10 )D VEHICLE CONDITION SCALE 1~ EXCELLENT: Restored to current maximum professiorr~:N standards of quality in every area, or perfect original with components operating and appearing as new. ~ 95-plus point show vehicle that is not driven 2) FINE: Well-restored, or a combination of superior restoration and excellent original. Also, an extremely well-maintained original showing very minimal wear. 3) VERY GOOD: Completely operable original or "older reston~tion" showing wear. Also, a good amateur resto- ration, all presentable and serviceable inside and out. Plus, combinations of well-done restoration and good op- erable components or a partially restored vehicle with all parts necessary to complete and/or valuable NOS parts. ~u 10 VEHICLE CONDITION SCALE .~~;~~; _.. a~.... D~ VEHICLE CONDITION SCALE 4) GOOD: A drivable vehicle needing no or pnly minory work to be functional. Also, a deteriorated restoration or a very poor amateur restoration. All components may need restoration to be "excellent," but the vehicle is mostly usable "as is." 5) RESTORABLE: Needs complete restoration of body, chassis and interior. May or may not oe runrnr~g, uui isn't weathered, wrecked or stripped to the point of being useful only for parts. 6) PARTS VEHICLE; May or may not be running, but is weathered, wrecked and/or stripped to the point of being useful primarily for parts. NOTE: AMC listings follow NASH listing: 1930-31 American Austin 4-cyi., 15 h 2d Rds .......................... 2d Cpe .......................... 2d DeL Cpe ...................... 1932 American Austin 4-cy1.,15 hp, 2d Rbt .......................... 2d Bus Cpe ....................... 2d Cabr .......................... 2d Std Cpe ........................ 2d DeL Cpe ....................... 1933 American Austin 4-cy1.,15 hp, i 2d Rds ........................... 2d Bus Cpe ....................... 2d SplCpe ........................ 2d Cpe ........................... 1934 American Austin 4-cy1.,15 hp, i 2d Bus Cpe ....................... 2d 5td Cpe ........................ 2d DeL Cpe ....................... 1935 American Austin 4-cy1.,15 hp, i 2d Bus Cpe ....................... 2d Std Cpe ........................ 2d DeL Cpe ....................... 1938 American Bantam Mode160, 4-c 2d Rds ........................... 2d Cpe ........................... 1939 American Bantam Model 60, 4-c 2d Std Cpe ....................... . 2d Std Rds ........................ 2d SplCpe ........................ 2d SplRds ........................ 2d Spds .......................... 2d DeL Cpe ....................... 2d DeL Rds ....................... 2d DeL Spds ...................... 2d Sta Wag ....................... 1940-41 American Bantam Model 65, 2d Std Cpe ........................ 2d Master Cpe ..................... 2d Master Rds ..................... 2d Conv Cpe ...................... 2d Conv Sed ...................... 2d Sta Wag ....................... 1904 Model A Tr ............................... 1905 Model B, 2-cyi. Tr ............................... 1906 Model C, 2-cyi. Tr ............................... 1907 Model D, 2-cyi. Tr ............................... 1908 Model G, 2-cyi., 24 hp Tr ............................... 1908 Model H, 2-cyi. Tr . .............................. 1908 Model K, 2-cyt. Rbt .............................. i 909 Model G, 2-cyi., 24 hp Tr ............................... 1909 Model H, 2-cyi. Tr ............................... • . f: • '.~~• ~Y ,y~ ~}~~ S 1~ ~ y~ { G .. ~ {~, ~1~ i~4 L~,y 1 :... ¢` Y r r 1976 Grand Prix PONTIAC • tp5 LeMans Sport .500 15,000 ,y HT Cpe ...................... ...............268 804 1,340 3,020 4,690 6,700 640 15,200 1975 Grand Any UHT ........................ ...............288 864 1,440 3,240 5,040 7,200 850 15,500 r~HT..... .• ................. ...............376 1,128 1,880 4,230 6,560 9,400 200 16,000 VOTE Add 5 percent for 4-speed. Add 20 percent for 455 HO V-8. 550 Ig,S00 N75Catalina 900 17,000 Used . . .. .................... ..............204 612 1,020 2,300 3,570 5 100 t for 4-sped ;' Id Cpe. , 220 660 1,100 2,480 3,850 , 5,500 USalari ...................... ...............200 600 1,000 2,250 3,500 5,000 340 8,200 1975 Bonneville 130 5,900 ` ~ UHT ........................... ..............212 636 1,060 2,390 3 710 5 300 110 8,300 ~ MCDe~ ••••••~•••••~•~••••.• .. ..............224 672 1,120 2,520 , 3,920 , 5,600 /dGrSafari Wag ................. ...............220 650 1,080 2,430 3,780 5,400 '•10 8,300 1975 Grand Ville Brougham '00 8,000 UHT ........................... ..............216 648 1,080 2,430 3,780 5 400 80 8,400 ~ 2a Cpe .......................... ..............232 696 1,160 2,610 4,060 , 5 800 00 8,000 1d Conv ......................... ..............720 2,160 3,600 8,100 12,600 , 18,000 NOTE: Add 2U percent for 455 V-8. 1975 Grand Prix 90 5,700 2d Cpe .......................... ..............360 1,080 1,800 4,050 6,300 9 000 10 7,2pp 2d'LJ°Cpe ...................... ..............364 1,092 1,820 4,100 6,370 , 9 100 )0 6,000 2a'SJ"Cpe ...................... ..... . ........368 1,104 1,840 4,140 6,440 , 9,200 " NOTE. Add 12 percent /or 455 V-8. i0 6,500 1975 Firebird, V-8, 108" wb IdCpe .......................... ..............360 1,080 1,800 4,050 6,300 9,000 0 6,300 ''' 2d Esprit ......................... ..............400 1,200 2,000 4,500 7,000 10,000 '0 7,700 2d Formula ....................... ..............420 1,260 2,100 4,730 7,350 10,500 0 8,500 TrensAm ........................ ..............600 1,800 3,000 6,750 10,500 15,000 IVO TF: Add 20 percent for 455 HO V-t3. Deduct 25 percent for 6-cyl. Add 10 percent for 4-speed. Add $150 for Honeycomb wheels. 1976 Astre, 4-cyl. 0 9,500 r 20 Cpe .......................... ..............184 552 920 2,070 3,220 4,600 3 7,300 '` 20 HBk .......................... ..............188 564 940 2,120 3,290 4,700 1dSlaWag ...................... ..............192 576 960 2,160 3,360 4,800 8,300 1916 Sunbird, 4-cyl. ) 7,500 1dCpe .......................... ..............232 696 1,160 2,610 4,060 5,800 ~ 5,500 1976 Ventura, V-8 ~ 6,300 WSed .............•••.•........ ..............224 672 1,120 2,520 3,920 5,600 20 Cpe ..... . .................... ..............228 684 1,140 2,570 3,990 5,700 ' 5,700 2d HBk .......................... ..............232 696 1,160 2,610 4,060 5,800 6,500 1976 Ventura SJ, V-8 7,900 USed............ • • • • • • • . • ..... ..............228 684 1,140 2,570 3,990 5,700 1d Cpe .......................... ..............232 696 1,160 2,610 4,060 5,800 6,600 2d HBk .......................... ..............236 708 1,180 2,660 4,130 5,900 8,000 1976 LeMans, V-8 16,500 ~ USed .......................... ..............232 696 1,160 2,610 4,060 5 800 7,200 2d Cpe .......................... ..............236 708 1,180 2,660 4,130 , 5 900 7,900 U2SSafari Wag .................. ..............224 672 1,120 2,520 3,920 , 5,600 /d 3S Safari Wag .................. ..............228 684 1,140 2,570 3,990 5,700 14,500 1976 LeMans Sport Cpe, V-8 14,700 1d Cpe,•,,,,,,,,,,•,,,•,••••••.. ••••.....•,•,.248 744 1,240 2,790 4,340 6,200 1976 Grand LeMans, V-8 10,000 Id Sed .......................... ..............236 708 1,180 2, 660 4,130 5 900 14,500 16 000 2d Sed .......................... U2S Safari Wa ..............240 720 1,200 2,700 4,200 , 6,000 , 16,500 g .................. /d 3S Safari Wag .................. ..............232 ..............236 696 708 1,160 1,180 2,610 2,660 4,060 4 130 5,800 5 900 4-speed. 1976 Catalina, V-8 , , /d Sed .......................... ..............228 684 1,140 2,570 3,990 5 700 5,300 1d Cpe .......................... ..............232 696 1,160 2,610 4 060 , 5 800 5,400 /d 2S Safari Wag .................. ..............244 732 1,220 2,750 , 4,270 , 6 100 5,500 4d 3S Safari Wag .................. ..............228 684 1,140 2,570 3,990 , 5,700 1976 Bonneville, V-8 5,400 /O Sed .......................... ..............236 708 1,180 2,660 4,130 5 900 5,500 ' 2d Cpe .......................... ..............240 720 1,200 2,700 4,200 , 6,000 ,1976 t30nr~ev9Nie Brougham, V-8 ldSed .......................... ..............244 732 1,220 2,750 470 6,100 5,400 2d Cpe .......................... ..............252 756 1,260 2,840 4,410 6,300 5,500 1976 Grand Safari, V-8 5,600 /d 2S Sta Wag .................... ..............232 696 1,160 2,610 4,060 5,800 /d 3S Sta Wag .................... ..............236 708 1,180 2,660 4,130 5,900 1976 Grand Prix, V-8 5,500 2d Cpe .......................... ..............340 1,020 1,700 3,830 5,950 8 500 6,500 2d CpeSJ ....................... ..............348 1,044 1,740 3,920 6,090 , 8,700 5,600 2d Cpe LJ ....................... ..............368 1,104 1, 840 4,140 6,440 9,200 NOTE.• Add 10 percent for T-tops & Anniversary model. !. .~, ~