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HomeMy WebLinkAbout04-21-11 r-~ l - IN RE: ESTATE OF IN THE COURT OF COMMON PLEAS OF ~ > cr, ~ DORIS J. EPPLEY CUMBERLAND COUNTY, PENNSYLVAN~Ac_-; . ORPHANS' COURT DIVISION } - NO. .a PETITION TO SELL REAL PROPERTY OF ESTATE TO EXECUTOR OF ESTATE AND NOW, come Petitioners, the Executor and all heirs of the Estate of Doris J. Eppley, by and through BARIC SCHERER, and file this Petition to Sell Real Property of Estate to Executor of Estate and, in support thereof, set forth the following: On February the last will and testament of Doris J. Eppley was admitted to probate by the Register of Wills of Cumberland County docketed to No. On February John Eppley, son of the decedent, was granted Letters Testamentary by the Register of Wills of Cumberland County. One of the assets of the Estate is certain real property known and numbered as Somerset Drive, Mechanicsburg, Cumberland County, Pennsylvania ("Real Property"). The Executor commissioned an appraisal of the Real Property. A true and correct copy of the Appraisal Report obtained by the Executor is attached hereto as Exhibit "A" and is incorporated by reference. The sole heirs under the Last Will and Testament admitted to probate for this matter are John Eppley and Donna K. Barneycastle, the son and daughter, respectively, of the decedent. The decedent was predeceased by her spouse, Clarence G. Eppley. The Executor desires to purchase the Real Property from the estate. John Eppley and Donna K. Barneycastle desire to have John Eppley purchase the Real Property from the estate. 9. John Eppley and Donna K. Barneycastle have reached agreement that the fair price to John Eppley for the Real Property should be $179,000.00 which reflects costs savings the estate will gain through a direct sale to John Eppley and his spouse. 10. 20 Pa.C.S.A. §3356 permits the executor of an estate to purchase real property of the estate "...subject, however, to the approval of the court, and under such terms and conditions and after reasonable notice to parties in interest as it shall direct." 11. This Petition seeks approval of the court to the contemplated transaction under such terms and conditions as the court may direct. WHEREFORE, Petitioners request this Court approve the sale of the Real Property of the estate to John Eppley and his spouse setting such terms and conditions as the Court may direct. Respectfully submitted, B SCHE r ~ 2~ r/ Date: David A. Baric, Esquire I.D. 44853 19 West South Street Carlisle, Pennsylvania 17013 (717)249-6873 VERIFICATION The statements in the foregoing Petition To Sell Real Property Of Estate To Executor of Estate are based upon information which has been assembled by my attorney in this litigation. The language of the statements is not my own. I have read the statements; and to the extent that they are based upon information which I have given to my counsel, they are true and correct to the best of my knowledge, information and belief. I understand that false statements herein are made subject to the penalties of Pa.C.S. § relating to unsworn falsifications to authorities. DATE: Y John A. E ley CONSENT The undersigned acknowledge, pursuant to the penalties of Pa.C.S.A. Section relating to unsworn falsification to authorities, that they are adults; that the statements made in the Petition To Sell Real Property Of Estate To Executor Of Estate filed by David A. Baric, Esquire are true and correct to the best of their knowledge, information and belief; that they concur and consent to the proposed distribution. WITNESS: ~ ~ ~r DATE Sohn A. ppley DATE Donna K. Barneycastle CONSENT The undersigned acknowledge, pursuant to the penalties of Pa.C.S.A. Section relating to unsworn falsification to authorities, that they are adults; that the statements made in the Petition To Sell Real Property Of Estate To Executor Of Estate filed by David A. Baric, Esquire are true and correct to the best of their knowledge, information and belief; that they concur and consent to the proposed distribution. WITNESS: DATE John A. Eppley '~-q-I 1 DATE Donna K. Barney astle S. W. Barrett Real Estate 8 Appraisal Services File Nu. APPRAISAL OF y'• I LOCATED AT: Somerset Drive Mechanicsburg, PA CLIENT: John Eppley, Executor York Road Carlisle, PA AS OF: March BY: Cassandra J. Crockett PA Certified Residential Real Estate Appraiser EXHIBIT "A" Residential Appraisal Report File No. The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the wbject property, given the intended use of the appraisal. ClientNamellntendedUser JOhn E le Executor E-mail Client Address York Road Ci Carlisle State PA Zi Additional Intended Users The intended user of this re ort is the Client. No additional Intended Users are ermitted without the et•mission of the a raisers . • Intended use The Intended Use is to evaluate the ro that is the sub•ect of this a sisal to rovide the Client with an accurate and cede uatel su orted o inion of value. Pro Address Somerset Drive ci Mechanicsbur State PA zi OwnerotPUblicRecordE le ClarenceG.BDorisJ. coun Cumberland Le al Descri Lion Deed Book 28-X• Pa a Borou h " Assessor's Parcel n Tax Year R.E. Taxes S 3 Nei hborhood Name Herlta a Acres Ma Reference Census Tract Pro a Ri hts A raised X Fee Sim le Leasehold Other describe M research did X did not reveal an rior sales or transfers of the sub ect roe for the three ears rior to the effective date of this a sisal. Prior Salertranster: Date Price Sources Courthouse Records Analysis of prior sale or transfer history of the subject property (and comparable sales, if applicable) No recent recorded transfers were found. Offerings, options and convacts as of the effective date of the appraisal None --Neighb0•r Obd Chaiac`teristfcs One-Clnrt HOUSIng`7 rends ~ One-Unrt Hdusing Present Land USe% Location Urban X Suburban ~ Rural Pro Values Increasin X Stable Declinin PRICE AGE One•Unit % Built-U X Over Under Demand/su I Shorts e X In Balance Over Su s 2•a Unit 0 % Growth Ra id X Stable Slow Marketin Time Under 3 mths X mths Over 6 mths Low New Multi-Fami 0 % 'Neighborhood Boundaries Sub'ect is bounded on the north b Rt.641 • on the east b Wesle Hi h Commercial 5 % Drive• on the south b Pa.Turn ike• and on the west b S.Market Street. Pred. other Institut 5 % Neighborhood Description Sub•ect roe is located in an established nei hborhood of sin le famil homes both detached and " attached within the Borou h of Mechanicsbur with a mix of residential and commercial usa e. Sho in and other amenities are within welkin or short drivin distance. School s stem is Mechanicsbur District and local elements school is within one block. SMSA Market Conditions(includingsupponfortheaboveconclusions) Pro values are current) stable in the sub•ect ro 's market area. Local multi-list data indicates an avera a marketin time of da s. Lendin rates have remained favorable althou h sales concessions are occurin more fre uentl .There are new homes under construction in surroundin develo ments as well as re-sales available in the nei hborhood. Dimensions x Area Acre M/L she Rectan ulcer view Residential S ific Zoni Classification RL zonln Descri lion Residential Low Densi Zonin Com licence X Le al Le al Nonconformin Grandfathered Use No Zonin Ille al describe Is the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? X Yes No If No, describe. lltilhies Public Other describe Public Other describe Ofl•site lm rovements-T a Public Private Electrici X am Water X sneer As halt X Gas Sanita Sewer X Alle None site Comments There are no a arent adverse easements encroachments or other adverse conditions. Non-flood zone ma number: 42041C Zone X ma date: - GENERAL DESCRIPTION-~ ~ • ~ FOIilNDAT10::... - E„TERIOR DESCRIPTI _r; mat6rals. -INTERIOR ~ materials Units X One OnewlAa.une Concrete Slab X Crawls ace FoundationWatls Block/Av Floors Car fNn I/AvB nofSrories One X FuIlBasement Partial Basement ElcteriorWalls Vin I/Brick/Av Walls D wall/AV T X Det. Att. S•DetlEndUnit Basement Area .fl. RoofSudace Shin le/Av TrimlFinish Wood/Av X Existin Pro osed UnderConsl. Basement Finish Gutters&Down outs Aluminum/Av Bath Floor Vin 1/Av De ' n S e Ranch Outside En (Exit Sum Pum Window T DbIHn /Av Bath Wainscot DW/Fbr Is/Av Year Built StormSashllnwlated Insulated/Av CarStorae None Effective A e rs Screens YeslAv X Drivewa not Cars 2 Attic None Heatin X FWA HW Radiant Amenities WoodStove s n Drivewa Surface Concrete X Dro Stair Stairs Other Fuel Ges X Fire lace s p 1 Fence X Gara e # of Cars 2 Floor Scutde Conlin X Central Air Conditionin PatiolDeck X Porch Two Car ort a of Cars Finished Heated Individual Other Pool Other X An. Det. Built-in A licences Refri erator X Ran elOven Dishwasher Dis osal Microwave WasherlD er Other describe ~ Rnished area above rode contains: 7 Rooms 3 Bedrooms 2 Bath s 1 S uare Feet of Gross Livin Area Above Grade Additional Features Home has been well maintained not recent) u -dated• roofin re laced in central air added in front and rear orches. comments on the Improvements Im rovements are in avera a condition with no h sical or functional inade uacies a arent. ariM Pio4utM Using AG SaRxere, BBD.211.Br7l wwx.etixM.tam TNStorm CeynipMO apSa110 AG piti9ond150 Geims Services, Inc.. Atl RipMt Rese~4. Pape (pPAR^') Gererol Purpose AppraiSai Reirort GPARIOO/_o505I3A1o ~ i Residential Appraisal Report File NO. FEATURE SUBJECT COMPARABLE SALE N0.1 COMPARABLE SALE N0.2 COMPARABLE SALE N0.3 Somerset Drive Robert Street Summit Drive E.Coover Street address Mechanicsbur Mechanicsbur Mechanicsbur Mechanicsbur Proximi roSub'ect miles NE miles WSW miles NE Sale Price S S S 3 Sale PlicelGross Lrv. area s . ft. S . fi. 8 . fi. E s . h. Data Sources lns`ection Multi-list Multi-list Multi-list verifirationsources Crt.Hs:Records Courthouse Records Courthouse Records Courthouse Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .(~)EA "ustmea DESCRIPTION +(~)SA -uamat DESCRIPTION +(~)sAltuamea sale or Financing None, FHA None, Conv None, FHA Concessions r:- DOM DOM DOM 6 Date of sale/iime Location Suburban Suburban Suburban Suburban LeaseholdlFee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Sim le Site LoUAv LoUAv LoUAv LoUAv view Residential Residential Residential Residential Desi n s e Ranch Ranch Ranch Ranch ali of Construction Avera a Avera a Avera a Avera e actual a e Yrs Yrs Yrs Yrs condition Avera a Av IGood Av /Good Av IGood Above Grade row sdrms. eels real sdms sans rural B sans row aamis Banc • Room Count 7 3 2 7 3 2 6 3 2 7 3 2 Gross Livi Area40.00 1 . tt. 1 s . h. 1 s . tt. 1 s . h. Basement&Finished Full BsmU Full BsmU Full BsmU Full BsmU • Rooms Belowcrade Unfinished Unfinished Famil Room Unfinished Functional utili Avera a Avera a Avera a Avera e - Hean /Coolin GFHA/CA HP/CA GFHAICA OHWICA Ener Efficientltems T ical T ical T ical T ical Gera efcar n 2 Car Gara e 2 Car Gara e 2 Car Gara e 2 Car Gara e PorchlPatioloeck Porches/FP Enclsd.Porch/ Scrnd.Porch/ Patio/3 FP's FP 2 FP's NetAd'ustment otal + X 5 + X - S + X - S Adjusted Sale Price Net Adj. Net Adj. Net Adj. % of Com ambles 1 Gross Ad'. S Gross A S Gross A % S summa of sales com arisona roach All com ambles are similar ins le utili and location to the sub'ect roe are verified closed sales and are the best current) available. Limited sales of one sto homes in sub'ect's value ran a have recent/ occurred within the nei hborhood re uirin an ex ended search. All of the com arable sales had been u -dated with newer kitchens a liances and hardwood floorin . Ad-usted ran a of value is to COST APPROACII70VALUE-. _ Site value comments Site value from current assessment data and recent local land sales. ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SRE VALUE = S - source of cost data Dwellin 1 S . Ft. S = S 0 a6 ratio from cost service E(fecove date of wst data Bsmt: S .Ft. s . Ft. S = S 0 : Comments on Cost A roach ross livin area calculations, de reciation, etc. Cost A roach from MarshalllSwift Valuation Service Gara efca on s . Ft. ~ 5 = s • handbook and local cost anal sis was considered but Total Estimate of Cost-New = $ p deemed not credible due to the a e of the im rovements. Less Ph 'cal Funrroonal External Site value from Market Data. De reciation based on a e/life De recia6on = g 0 observed condition and Market Data Anal sis. Estimated De reciatedCosloflm rovements = s 0 remainin Economic Life is ears. •qs-is•valueofsitelm rovemenrs = S INDICATED VALUE BY COST APPROACH _ $ INCOME APPROACH TO VALUE Estimated Month Market Rent $ N/A X Gross Rent Multi tier N/A = S N/A Indicated Value Income A roach • Summary of Income Approach (including support far market rent and GRM) N/A Indicated Valueb Sales COm arisonA roachSlB$ pOp CostA roach if develo ed 5 IncomeA roach if tlevelo ed E N/A Market Anal sis consistent) su orts m o inion of market value. Cost A roach and GRM were found ina ro riate for this anal sis. Greatest wei ht is a lied to the Market Data Anal sis. Su ortin file information substantiates these estimates. This appraisal is made X "as is;' subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ? subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed ~ subject to the following: • A sisal is for client onl nontransferable. Based on the scope of work, assumptions, limiting conditions and appraiser's certification, my (our) opinion of the defined value of the real property that is the subject of this report is S as of , which is the effective date of this appraisal. ~rrs~^ PrvAuteO using ACI Sollxve, wxx.swRb.mm This lour/ CaPPigh1020052010ACl Division d Clam Sergces, Inc., AB Rights Resents. ¦M~rM Page 2 M d (gPAR`") General Papose App&sal Regal Np S.W. Barrett Real Estate 8r Appraisal Services GPAR30D1_0505332010 j,:nf.~'a1~~vrif~urT...i..~.:,.::~ . , File No. • Scope of Work, Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as " the type and extent of research and analyses in an assignment" In short, scope ofwak is simply what the appraiser did and did not do during the course o}the assignment tt includes, but is not limked to: the extent towhich the property is identified and inspected, the type and extent of data reseazched, the type and extentof analyses applied to azrive at opinions a conclusions. The scope of this appraisal and ensuing discussion in this report are specific to the needs of Me client other identified intended users and to the intended use of the report. This reportwas prepazed fa the sole and exclusive use of the client and other identified intended users fa the identified intended use and its use by any other parties is prohibited. The appraiser is not responsible fa unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subjectto the following conditions and to such other specific conditions as are set forth by the appraiser in the report All extraordinary assumptions and hypothetical conditions are stated in the reportand might have affected the assignment results. The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or tide thereto, nor does the appraiser render any opinion as to the tide, which is assumed to be good and marketable. The property is appraised as though under responsible ownership. Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property. The appraiser has made no surrey of the property. The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been previousty made thereto. Neither all, nor any pan of the content of this report, copy or other media thereof (including conclusions as to the property value, the identlry of the appraiser, professional designations, or the firm with which the appraiser is connected), shall be used for any purposes by anyone but the client and other intended users as identified in this report, nor shall it be conveyed by anyone to the public through advertising, public relations, news, sales, or other media, without the written consent of the appraiser. The appraiser will not disclose the contents of this appraisal report unless required q' applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. Information, estimates, and opinions furnished to the appraiser, and contained in the report, were obtained from sources considered reliable and believed to be true and correct. However, no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. The appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil, or svuctures, which would render it more or less valuable. The appraiser assumes no responsibility for such conditions, or ror engineering or testing, which might be required to discover such factors. This appraisal is not an environmental assessment of the propery and should not be considered as such. The appraiser specializes in the valuation of real property and is not a home inspector, building contractor, structural engineer, or similar expert, unless otherwise noted. The appraiser did not conduct the intensive type of field observations of the kind intended to seek and discover prgpery defects. The viewing of the property and arty improvements is for purposes of developing an opinion of the defined value of the property, given the intended use of this assignment. Statements regarding condition are based on surface observations only. The appraiser claims no special expertise regarding issues including, but not limited ro: roundation settlement, basement moisNre problems, wood destroying (or other) insects, pest infestation, radon gas, lead based paint, mold or environmental issues. Unless otherwise indicated, mechanical systems were not activated or rested. This appraisal report should not be used to disclose the condition of the property as it relates to the presence/absence of defects. The client is invited and encouraged to employ qualified experts to inspea and address areas of concern. If negative conditions are discovered, the opinion of value may be affected. Unless otherwise noted, the appraiser assumes the components that constitute the subject property improvement(s) are fundamentally sound and in waking ceder. Arty viewing of the property by the appraiser was limited to readily observable areas. Unless otherwise noted, attics and crawl space areas were not accessed. The appraiser did not move furniture, floor coverings or other items that may restrict the viewing of the property. Appraisals involving hypothetical conditions related to completion of new construction, repairs or alteration are based on the assumption that such completion, alteration or repairs will be competently performed. Unless the intended use of this appraisal specificalry includes issues of property insurance coverage, this appraisal should not be used for such purposes. Reproduction or Replacement cost figures used in the cost approach are (or valuation purposes only, given the intended use of the assignment. The Definition of Value used in this assignment is unlikely robe consistent with the definition of Insurable Value for property insurance coverage/use. The ACI General Purpose Appraisal Report (GPAR'") is not intended fa use in transactions that require a Fannie Mae 1004lFreddie Mac form, also known a5 the Uniform Residential Appraisal Report (URAR). Additional Comments Related To Scope Of Work, Assumptions and Limiting Conditions ar~ Pro0ua0 u9nt AG WM1nn, B00 t31 B7t7 wMV LLTre6 tOm TMs brm CapyngMON15 x110 ACI L\NAM gYm65MiR5 Inc, All ggMS ReServeE. Pape (pPARTM) Gereral Pupase Appraisal Report 1 GPAPLIM 05Oa11200e File NO, Appraiser's Certification The appraiser(s) certifies that, tothe best of the appraiser's knowledge and belief; The statements of fact contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumpfions and limiting conditions and are the appraiser's personal, impartial, and unbiased professional analyses, opinions, and conclusions. Unless otherwise stated, the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respea to the parties involved. A. The appraiser has no bias witn respect to the property that is the subject of this report or to the pardes involved with this assignment. The appraisers engagement in this assignment was not condngent upon developing or reporting predetermined results. The appraisers compensadon for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a sdpulated resuh, or the occurrence of a subsequent event directly related to the intended use of this appraisal. The appraisers analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Undorm Standards of Professional Appraisal Practice. Unless orhenvise noted, the appraiser has made a personal inspection of the property that is the wbject of this report. Unless rested below, no one provided significant real property appraisal assistance to the appraiser signing this certification. Significant real property appraisal assistance provided by: Additional Certifications: Definition of Value: OMarketValue ~OfherValue: Source of Definition: The most probable price in terms of money 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 prudently, knowledgeably and assuming the price is not affected by undue stimulus. ADDRESS OF THE PROPERTY APPRAISED: Somerset Drive Mechanicsburg, PA EFFECTNE DATE OF THE APPRAISAL: APPRAISED VALUE OF THE SUBJECT PROPERTY $ 1HSL000 APPRAISER SUPERVISORY APPRAISER Signature: ~ ~ Signature: Name: Cassandra J. Crockett Name: Ste_v_en W. Barrett, SRPA, SRA ASA State Cerdficafion s RL001348L State Cer4firadon s GA000298L or Licenses or Licenses RB026921 A or Other (describe): States; State: PA Stare: PA Expiration Date of Cerrificadon or License: Expiration Date of Certlscation or License: Date of Signature: 03/15lZ011 Date of Signature and Report: Date of Property viewing: Date of Property Viewing: Degree of property viewing: Degree of property viewing: ~ Interior and Exterior ? Exterior Only XD Did not personally view XQlnterior arld Exterior ?Exterior Only Did notpersonalry view ProEUCe0114nt ACI508WRe, v/NN.aS,reU.Cem TMS krm COppigM 02005~N10 AG Di'A90n L1Nms 5eMU5. Mt., Ail Rlpnu ReBerveE. Pace 2 W 2 tOPAR"') Geperal Pup03e Apyaisal R¢port GPApLiM OBI1M08 S.W. Barrett Real Estate 8 Appraisal Services SUBJECT PROPERTY PHOTO ADDENDUM Client: John Eppley, Executor File No.: Property Address: Somerset Drive Case No.: Ci : Mechanicsbur State: PA Zi FRONT VIEW OF .SUBJECT PROPERTY ~ < Appraised Date: March Appraised Value: - REAR VIEW OF SUBJECT PROPERTY i ~x~~~ STREET SCENE ! . Client: John E le Executor File No.: Pro a Addres5:610 Somerset Drive Case No.: Ci : Mechanicsbur State: PA Zi i left side, garage ~I . r - r~ ~ - ~ right side _J - . i_. _ _ t . G,ppuce0 using RCI sMware. ~O,ZS/.B7Il Svaw.m~M.mm PM31o1e7Jia COMPARABLE PROPERTY PHOTO ADDENDUM Client' John Eppley Executor File No.: Property Address Somerset Drive Case No.: Ci : Mechanicsbur State: PA Zi COMPARABLE SALE#1 Robert Street Mechanicsburg Stile Date: Sale Price: $ T3~, 4;J ~_T i . *t ~ r. ~ t 7 . r„ COMPARABLE SALE r'~ t' ` jl ~ Summit Drive Mechanicsburg Sale Date: Sale Price: $ ~ COMPARABLE SALE#3 F - E.Coover Street Mechanicsburg Sale Date: Sale Price: $ FLOORPLAN Client: John Eppley, Executor File No.: Property Address:610 Somerset Drive Case No.: Ci : Mechanicsbu State: PA Zi I---- - - - o i ~ Porch Mstr. I i O,~ v _ Kitchen Bath Mstr. ~ Family Room 9R nnII~~ oo ~ Bedroom IIII~IIIII ~ III Ba[h Clst. n _ - - c Living Room U rv Garage Bedroom Bedroom Porch Ske~cl~ Ey Ppea Medna"' Comments i i AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN Code Description Net Size Net Totals Breakdown SulKotals GLAl First Floor First Floor ~ GAR Garage x P/P Porch x I Porch x i Net LIVABLE Area (rounded) 3 Items (rounded) `I , III k'> - O Y n f U: tlP - 1 n- -i t e ~s- c `S1S ;kE r (sue; ~Wsp ' ~ $W ~ m. '`a. a Y; ~ i. ~F s;., LOCATION MAP Client: John Eppley, Executor File No.: Property Address: Somerset Drive Case No.: Ci : Mechanicsbur State: PA Zi - - - ~ bir~g° - ~ ~ s~_. p d~ dye ~ I - ~ ~ Naval Inventor}_Coidrol Point _ - - - f o. c O~~b~ ~ ~a ~ ~~}la~ ~ ~ ~Q eta, ~b ' ve Sl`° P~m t ~ F~'~N S { Y ` Comparable Sale 1 _ 7 Robert Street S1E Gtegn S ~ Gin " ~ ti _ c~ Mechanicsburg, PA. asp. r miles NE) Seri S ~e~ ~ E ~ 4 . - M ~ LS - m- ~ ~ ROdaL` ~ -y N ecbanlcsburg ~ ~ . ~ vy. _ - - ~ ~ gt Subject ~ yocu~ Somerset Drive pf ~ L Mechanicsburg, PA - - ~t.`-~ all _ \ tl1 E ~ ~ m ` - s : ~ ` . ~ , Com arable Sale 3 P _ ~ ~ r 9 cwt E.Coover Street S{. = was Mechanicsburg, PA ~ tCe{{~ ,fir miles NE) y s - ~ -(Y"' Koser Park 1c C,~ ~~ta Comparable Sale 2 - ~ , - Summit Drive A`~ ~ Mechanicsburg, PA m miles WSW) m a! A ~ ' 4 6he end F ~ ~ m~Umme P~ . 0 ~ ~°r . ~a.G~l°le i~ta,i Ge4c9 Ps° a~ o c~ ~ y e~'~~ ~,e=a D.5 mile M1VIn5V00eq NOV1E0, an0/n11Ne Ons:lnt. Client: John Eppley Executor File No.: Property Address: Somerset Drive Case No.: Ci : Mechanicsbu State: PA Zi Pa Aae p ~ ~ ~ ~ v a~ ~ Mechanicslwrp Ship's Farts•:CorR ~ . ~ ~ e'~ eras or t~pti~ a'eo~. ~b-0~~ ~ $ ~ ~ ~ O 3 R vi Pqr ~ ~ q s S~ - .p~ ~11`r, ~pe~Oc fie, ~Or - a pr D ~lsu~ .le ql ~e~ Rd__ - - _ . ' Cs'+6" P S ~p`~. - - ~ Simper' _ ~ _ _ f~, - - - Ptiy ~r S1 _ ~ yse9 - orF~ - - a a~ `~fgYaa~! gil r~.1u~' w Subject - ti at, - ~j,..: # s41. ~aye~s~ ~ Somerset Drive ~ . cw„~ a sl ~ ~ ~ . - Mechanicsburg, PA ,,y~~o - Yff ~ Oocklln Ave 'n~A - ~ ~ to ' ;S4 - `o U' ~ - . ,ra - P$. m lubnroc - ~ Pve pve ~t~' P A~ 9y~- m~ ~ ~ I t~0;~ e ~ _ _ $ _ s m ~ Murmsa A. ~ m •nf N a a tie 84•V ~ ~ na~a pas t~~~ ~ 4 Co ~Gr C,+.t _ a, ~ tae • tps rN F°~ G~ ~ ~ Hbtory n _ A~a,/i Nd6.Qend enog. - _ ~y~ Penn Ivltnta 7 N - S£ _ 1 ,G Cumberland Pkwy_ _ esq. Fiooc[ Imtormatiorr FioodNia~r Leg>~rrd Communii,l: d2Q362 - h4EGHA,r+lIC56URG. Bs:~ROiJr-~;-~ Op Flood Zones Prttpeny is nut in a FEhtA special flood haZarr:~ area- Areas eaaedaled by5e0-yeergooding pvlap Number. Q2041C0276E Pv1a(, take' 1i>i2s709 PsnEl. 0276E FIP Areas omsase of lnt 10b an0 BObyear tkodpasts Zone' X Areas .ratAafaa by saOyaar nootling Aroas i+ltradalatl Qy rLM).year n0etling wile vebcily tse2Md FE2d•ID.way area.. Neclhrl' 7f;Yn SiRlerll:;i FI[hifl H:f-TAf;1 Cf''I'[I(1I:AtYYr11T.`li i~ ft(:': ACI r-IVY <:f:by' represantatlons ar'Narrantie=_. t0 any p&fty cQYILemen~ the i~unten2, acCUray~ oe~ FMedray area»avlih valotdy hasard cGmplettinas; t,f !his flootl report, in2JU dint en~p +cerrancy mart}ansaGflicy ~.r A+'Ca5 ~ fm6deNfMlnetl BeF! tifrl!` i7r A llA rlif I f r N!ns4 N+~ilrier TF H ' .x !+CI II .:.rill ' 1 hc: poss;+AMf 11bofl hatard» `Ir.~.~tl r~ Wr! snau h5.e an'. IlaGlllty .c any ttm Farl~ r• r r. _e ur i I v ci Ames .wl mayuso on ary put~had FlRl'ri [tns Head Iwpo"- File No. QUALIFICATIONS The following checked items are specific special conditions that were identified by this appraiser during the inspection of the subject property, the comparables sales, and their neighborhoods and locations. Unless otherwise noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. The subject is located in a rural area and is less than built-up. _x_2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area. The predominant value in the neighborhood is less than that of the market value of the subject property. This is due to the very wide range of value of properties in the area and superior quality of the subject property. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and suggested. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. This condition is considered typical in dwellings of this style. The subject property is serviced by private well and/or septic systems which is common for the area. _x_8. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The items listed are cosmetic in nature. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a health or safety hazard. The subject property does contain functional obsolescence as noted in the report. This condition is considered typical and common for the area and this style dwelling. The land value exceeds of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood. The land value exceeds of total value. This is due to the large size of the site. This condition is considered to be typical and common. Individual adjustments were required that exceed These adjustments were required due to lack of more similar comparables on that individual rating. All comparables used are the best available. Total adjustments exceed This is due to the lack of comparable sales that were more similar in the subject's market area. All comparables used are the best available. _x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the subject's area, none have sold recently; therefore, sales in excess of six(5) months have to be used. All comparables used are the best available. One or more comparables used were in excess of one mile from the subject property. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable sales outside of the immediate area. All comparables used are located in similar neighborhoods and within the same marketing area. All comparables used are the best available. The electrical system was not connected during inspection. The water service was not connected during inspection. The heating system was shut down during inspection. Roofing_Plumbing_Electrical_Heating_certification(s) is/are suggested. Inground swimming pool-, out buildings are included ,not included according to lender's guidelines. According to lender's guidelines a maximum of_acres were considered for this valuation. Remaining acreage was given no value. File No. QUALIFICATIONS The subject property is located on a private road. Wood infestation inspection is suggested. x Last recorded deed transfer: Date_3/27/1980 ,Consideration: Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like manner. Seller is paying part or all of closing costs. _x_29. All comparable sales are verified closed sales. _x_30. There are no special conditions or other requirements that would affect market value or future marketability in the Appraisal Report. CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING INSPECTION. File No. QUALIFICATIONS Confidentiality and Security Policy We consider privacy to be fundamental to our relationship with clients. We are committed to maintaining the confidentiality, integrity and security of clients' personal information. Internal policies have been developed to protect this confidentiality, while allowing client needs to be served. We restrict access to personal information to authorized individuals who need to know this information to comply with federal standards to protect your nonpublic personal information. We do not disclose this information about you or any former consumers or customers to anyone, except as permitted by law. The law permits us to share this information with our affiliates. The law also permits us to share this information with companies that perform marketing. When we share nonpublic information referred to above, the information is made available for limited purposes and under controlled circumstances. We require third parties to comply with our standards for security and confientiality. We do not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent, sell, trade or otherwise release or disclose information to any other party. Education As of the date of this report, land/or Steven W. Barrett, SRPA, SRA, ASA have completed the requirements under the continuing education program of the Appraisal Institute and the American Society of Appraisers.