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HomeMy WebLinkAbout06-06-11 DATE: Commonwealth of Pennsylvania SUBJECT DOCKETING NONRESIDENT DECEDENT L~~i ~ `~'`'~ _v ~'{~' ~4' ~ r~ FILE INFORMATION TO: ORPHgry`S COURT COUNTY REGISTER OF ~~~`+r`!D CO., PA FROM: ELIZABETH A BLOOM TAX EXAMINER 2 Inheritance Tax Division Bureau of Individual Taxes Department of Revenue COMMONWEALTH OF PENNSYLVANIA bEPART!'IENT OF REVENUE Pennsylvania ~ BUREAU OF INDIVIDUAL TAXES NOTICE OF NONRESIDENT INHERITANCE DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION TAX APPRAISEMENT, ALLOWANCE OR REV-537 EX AFP C12-30) PD BOX 280601 DISALLOWANCE OF DEDUCTIONS, HARRISBURG PA 17128-o6o1 AND ASSESSMENT OF TAX DATE 05-30-2011 ESTATE OF THORNHILL AGATHA DATE OF DEATH 07-20-2009 FILE NUMBER 99 10-0213 '~~ f ~ ~~ t~ COUNTY NON-RESIDENT AMY M MOYA ACN 101 SUSAN E LEDERER LAW OFC APPEAL DATE: 07-29-2011 5011 LOCUST LANE (See reverse side under Objections) HARRISBURG PA 17109 Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT T0: PA DEPARTMENT OF REVENUE P.O. BOX 280601 HARRISBURG, PA 17128-0601 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ ------------------------------------------------------------------------------------------ REV-537 EX AFP C12-10~ NOTICE OF NONRESIDENT INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF THORNHILL AGATHA FILE N0. 99 10-0213 ACN 101 DATE 05-30-2011 TAX COMPUTATION METHOD ELECTED: CX) FLAT RATE ( ) PROPORTIONATE TAX RETURN WAS: ( X) ACCEPTED AS FILED C ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) ~1) .00 NOTE: To insure proper 2. Stocks and Bonds (Schedule B) I2) .00 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) C3) •00 submit the upper portion 4. Mortgages/Notes Receivable (Schedule D) (4) •00 of this form with your 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 500.00 tax payment. 6. Jointly Owned Property (Schedule F) ~6) .00 7. Transfers (Schedule G) C7) 182, 000.00 8. Total Assets fig) - 182,500.00 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 1,98 7.4 0 10. Debts/Mortgage Liabilities/Liens (Schedule I) C10) .00 11. Total Deductions X11) 1 ,987.40 12. Net Value of Tax Return X12) _ 180, 512.60 13. Charitable/Governmental Bequests (Schedule J) (13) .00 14. Net Value of Estate Subject to Tax C14) 180, 512.60 NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will reflec t figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate C15) .00 X 0 0 .00 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 180,512.60 x 045 = 8,123.07 17. Amount of Line 14 at Sibling rate C17) .00 X 12 = .00 18. Amount of Line 14 taxable at Collateral/Glass B rate (18) .00 X 15 = .00 19. Principal Tax Due ply) 8, 123.07 TAX CREO2TS• PAYMEN DATE REC PT NUMBER DISCOUNT (+) INTEREST/PEN PAID C-) AMOUNT PAID 04-19-2010 NR013068 .00 7,800.00 INTEREST IS CHARGED FROM 04-21-2010 TO 06-07-2011 TOTAL TAX CREDIT 7,800.00 AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 323 07 REVERSE SIDE OF THIS FORM * IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIDNAL INTEREST. INTEREST AND PEN. 13.25 TOTAL DUE 336.32 IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) 1 COMMONWEALTH OF PENNSYLVANIA PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES INHERITANCE AND ESTATE TAX DEPT. 280601 w HARRISBURG, PA 17128-0601 OFF~C~/iL R~CE~PT No. NR013068 RECEIVED FROM: ACN ASSESSMENT AMY M MOYA CONTROL AMOUNT SUSAN E LEDERER LAW OFC NUMBER 5011 LOCUST LANE 101 7,800.00 HARRISBURG PA 17109 ESTATE INFORMATION FILE NUMBER 99 10-0213 NAME OF DECEDENT (LAST) (FIRST) (MI) THORNHILL AGATHA DATE OF PAYMENT 5/6/2010 POSTMARK DATE 4/1912010 COUNTY Non-Resident DATE OF DEATH 7/20/2009 TOTAL AMOUNT PAID $7,800.00 REMARKS SEAL COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE RECEIVED BY Ji~hn M. Riedman Register REV-1137.4 EX + (fr08) ~ Pennsylvania DEPARTMENT DF REVENUE INHERITANCE TAX RETURN NONRESIDENT DECEDENT SCHEDULE E, PART 1 MISCELLANEOUS PERSONAL PROPERTY ESTATE OF THORNHILL, AGATHA JANE FILE NUMBER 99-10-0213 Part 1 must include all tangible personal property having its situs in Pennsylvania. Examples of tangible personal property are jewelry, furniture, paintings, etc. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. Complete Part 2 on reverse side ONLY when the prooortionate method of tar r_mm~~~t~tinn :~ o~e,..ea ITEM ------ NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1' Miscellaneous Personal Property 500.00 PART 1 TOTAL $ 500.00 PART Z TOTAL (From reverse side.) $ 0.00 TOTAL (Also enter on Line 5, Recapitulation-) $ 500.00 ~~~ niVIG SNtlGC IS neeaea, use aaaiuonal sneers oT paper of the same size) REV-1737.6 EX + (6-08) enns lvania ScNEDULE G p y INTER-VIVOS TRANSFERS & use schedule G, Part 2, ONLY for DEPARTMENT OF REVENUE proportionate methoii of tax computation. INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY NONRESIDENT DECEDENT ESTATE OF FILE NUMBER THORNHILL, AGATHA JANE 99-10-0213 Part 1 must include all transfers of real estate and tangible personal property located in Pennsylvania. Complete Part 2 ONLY when the proportionate method of tax computation is elected. Include in the description of property the date the transfer was made and the name and relationship of tt,P trancfaraa rr,~~ ~~r,oa„r., ~~~~~~ ue wmpieieo ana rues tr the answer to questions 1 throu gh 4 on the reverse side of the REV-1737 cover sheet is yes. DESCRIPTION OF PROPERTY ITEM Indude the name of the transferee, the relationship b Decedent and the date of transfer DATE OF DEATH % OF DECD'S EXCLUSION NUMBER Attach a copy of the deed for real estate. VALUE OF ASSET INTEREST (IF APPLICABLE) TAXABLE VALUE 1• Real Estate located at 920 Forbes Road, Carlisle, 182,000.00 100 182,000.0 Cumberland County, PA, Parcel No. 05-19-1647-046, titled to the Howard A. Thornhill and Agatha Jane Thornhill Living Trust dated July 6, 1999 (Howard A. Thornhill died 6/3/2000) (appraisal attached) PART 1 TOTAL $ $ $ 182,000.0( • -• DESCRIPTION OF PROPERTY ITEM InGude the name of the transferee, the relationship to Decedent and the date of transfer, DATE OF DEATH % OF DECD'S EXCLUSION NUMBER Attach a copy of the deed for real estate. VALUE OF ASSET INTEREST (IF APPLICABLE) TAXABLE VALUE 1. PART S TOTAL $ $ $ 0.00 TOTAL (Also enter on Line 7 Recapitulation) I $ 182,000.00 (tf more space is needed, use additional sheets of paper of the same size) B-H Agency Appraisal Services File No. 0300410 ProperBy Address: 920 Forbes Road C'arlLsle, Pa 17013 Prepared For: Estate of Agatha Jane Thornhill 920 Forbes Road CaAisle, Pa 17013 Prepared As Of: July 20, 2009 Prepared By: G. Arthur Calaman, Pa. Cert.# RL-139418 &H Agency Appraisal Services 163 N. Hanover Street Carlisle, Pa. 17013 The Purpose of This Appraisal is [o Establish "Market value" ONLY: NOT to be used for Mortgage Finandng Appraised value for the Subject Property; ;182,000.00 Form produced 6y Unitetl Systems Sollware Company (BOO) 969-8727 vrv+w.uniledsystems.com B-H Agency Appraisal Services File No. 0300410 NOT TO BE USED fOR MORTGAGE FINANCING PURPOSES RESIDENTIAL SUMMARY APPRAISAL REPORT Flla # 0300410 ...= e!nv~ ~~ ~~~~ sa~xrwry apprarsanrapgn rs.ro proyrpe me apbtt wlm>N a6cutate and adegtatety suppot-ed .opinion of the Ipart~t.Ydlueofthe subject property. Pro erty Address 920 Forbes Road Cdy Carlisle Stale Pa Zip Code 17013 Borrower (it applicable) N/A Owner of Public Record Howard A. & Agatha Jane 7homhAl• County Cumberland Legal Description See Attached Deed Copy from DB 203 PCa 905 /906 "Living Trust* Assessors Parcel # 05-19-1647-Oq6 Tax Year 2009/2010 R.E, Taxes $ 3,015.00 (m/L) Nei hborhood Name Meetlng House Heights Map Reference (05) 19-1647-046 Census Traa 0120 Occupant Owner Tenant Vapnt Special Assessments $ None Known PUD HOA $ N/A per year per month Propedy Rights Appraised Fee Simple lPasehald Other (describe) Assignment Type Purchase Transaction Refinance Transaction Other (describe) To Establish Value for Estate Purposes Is the subject property currently offered for sale or has tt been offered for sale in the twelve mordhs prior to the effective date of this appraisal? Yes Nu Report data source(s) used, offering price(s), and date(s). CPML shows no record of for sale, listlng, or otherwise in the past 12 months for the subject address The purpose of this appraisal is to develop an opinion of Market Ualue (as defined), or Other (describe) This report reflects the following value (if not Current, see conments) Current (the Ins lion Dale is the Effective Date) Retrospective Prospective Approaches developed for Ibis appraisal Sales Comparison Approach Cost Approach Income Approach (See Reconciliation Comments and Swpe of Work) Intended Use To establish most probable "Market Value" es defined try USPAP (contained within this report) for Estate Purposes Intended User(s) (by name or type) Estate of Agatha Jane 7txxmhtll - Client Name ES<ate of Agatha Jane Thomhlll Client Address 920 Forbes Road, Carlisle, Pa 17013 Client Contact Clare Thomhll, Exec. Client Emad N/A raiser Name G. Arthur Calaman, Pa. Cert.# RL-139418 raiser Address B-H A Isal Services 163 N. Hanover St Carlisle Pa 17013 , . Note: Race and the racial compoaltion of the neighborhood are not ap sisal (actors. Nei ttbofiood Cttaratdalsttq; . '~.._. ~ One~lnlt.Moua •Tronds One-Unit Housin Preserd Land Use 96 . Location Urban Suburban Rural Property Values Increasin Staple Oechmng PWCE AGE One-Unit 60 % Built-up Over 75% 25-75% Under 25% Demand/Supply Shorfa a In Balance Over Su I $ (000 (yrs) 2-4 Unit e % :Growth Rapid Stable Slow Marketing Time Under 3 mths 3-6 mihs Over 6 mths 80k Law o Multi-Family 5 % ' Neighborhood Boundaries Subject is siWated in the NW quadrant of the Carlisle Boro. It Is bounded to the north 527k Hi h 100+ Commercial 15 % - by the Pa T Pike; ro the east by Bellaire tx; m the south by S.R. 641; to the west try the N. Middleton Twp Ifne. 140-170 Pred. 40+ Other 12 % Neighborhood Description Subject is situated In a residentlal area of mixed style single famiN P~ties• Major roadways, employment, shopping, and schools are within reasonable driving distance, Utilities as well as fire and potim protedlon are present and adequate for the area. Market Conditions (including support for the above conclusions) Employment, mfg rates, and inventories have remained fairly stable In the area, and although Interest rates are fluctuatlng and actlvity is slow, the market remains slow, twt stable. AppreUation had little or no increase over the past year, but I have not seen a decline in values as in other parts of the nation. Marketlng tlme for similar properties would be 90 days or less, but could be upwards to 180 days . Dimensions See attached legal desviption in addenda sectlon Area 10,890.00 Sq. R. (m/L) Shape Irregular View Residential Specific Zoning Classificatieo R 1 Residentlat 20n1n Descrptioo Residentral Zoning Compliance Legal Legal Nonconlorming (Grandfathered Use) No Zoning Illegal (describe) Is the highest and best use of the subject progeny as improved (or as proposed per plans and specifications) the present use? Yes No If No, describe Utilities Public Other (describe Public Other (describe 01!-stte Im rovemtmts -Type Public Private Electricity Water Street Macadam Cis Propane possible Sanita Sewer Alley None Observed FEMA Special Flood Hazard Arm? Yes No FEMA Flood Zone X FEMA Map # 42041C 0229E FEMA Map Dale 03/15/2009 Are the utilities and off-site improvements typical for the market area? Yes No If No, describe Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? Yes No If Yes describe , Also see TeM Addendum Page,,,,, '.' General:Desal on . ' . --?fotrndaffon Fxleniirl)escri lion material condtoon .Inteerior materiats/cdndition Units One One with Accessory Unrt Concrete Slab Crawl Space Foundation Wails BI«k: Avera e Fl g oors Cpt/Vln: Fair to Average # of Stories Two Full Basement Partial Basement Exterior Walls Brick/Aluminum: Average Wails Drywall: Average Type Det. Att. S-Det./End Unil Basement Area N/ASq. tt. Roof Surface Shingle: Average Trim/Finish Wood: Average Existing Proposed Under Const. Basement Finished N/A % Gutters & Downspouts Aluminum: Average Bath Floor Vinyl: Fair to Average Design (Style) Bi-Level Outside Entry/Exit Sump Pump Window Type Dbl Hung Bath Wainscot N/A Year Built 1976 (m/L) E vidence of infestation Storm SastUlnsulated Yes Car Stora a None Effective Age (Yrs) l0 - 15 yrs (m/L) Dampness Settlement Screens Yes Driveway # of Cars 2+ Attic None Heatin FWA HWBB Radiant Amenities WoodStove(s) # 1 Driveway Surface Macadam Drop Stair Stairs Other EIec.BB Fuel Electric Fireplace(s) # 1 Fence Split Rall Garage # of Cars 2 Fl oor Scuttle Cooling Central Air Conditioning Palio/Deck Patio Porch Front Carport # of Cars Finished Heated indivitlual Qther Pool N/A Other N/A Att. Del. Built-in Appliances Refrigerator RangeJOven Dishwasher Disposal Microwave Washer/Dryer Other (describe) Fan Hood _ Finished area above grade contains: 6 Rooms 3 Bedrooms 2.00 Bath(s) 1284 Square Feet of Gross Living Area Above Grade Additional features (special energy efficient items etc ) Lower Level is fi i h d i t , . n s e n o 4 rooms: Family, Bedroom, Laundry, 1/2 Bath. Wood Stvve Insert. in Lower Level Family Room Ftreplaco Describe the condition of the property (including needed re irs, deterioration, renovations, remodeling, etc.) Nome is in less than average condition for taday~s market standards, but with no major physical, funGional or external obsolescence. Interior is dated: Most Floor covering is overdue for replacertrent; Main Bath has old yellow fixtures whidt need to be updated; Most of Interior walis/ceilings should be repainted; All exterior wood needs soaped and repainted or covered w/ a luminum; Landscaping is over- grown and creeds tending to. No repairs were in progress. Quality of construction is average to the area and period . Are there any physicl deGcienaes or adverse conditions that affect the livability, soundness or structural integrity of the propertyT Yes No Ii Yes describe , None observed..also see text addendum page Does the property generally conform to the neighborhood (functional utility, style, condition, use, consirudion, etc.)? Yes No Ii No, describe °~~^ N,"„"k~ "r ~~~~~ apimns owwraa comparry (8001969-8727 www.unitedsystems.com IAev O6N8) B-H Agency Appraisal Services File Na. 0300410 RFCIIIIC~ITIA1 C111111111ADY A~DD1181•118 ternnnr FEATURE SUBJECT Address 920 Forbes Road Carlisle, Pa 17013 Proximity to Subject ? Sale Price $ N/A Sale Price/Gross Liv. Area $ N/A sq. n .....+... ,. COMPARABLE SAtE # 1 308 Croghan Drive CarII51e, Pa. 17013 0.12 MI - _ $199 900 $160.18 Sq. n. ;:: . r nn.vn~ n~rtune COMPARABLE SALE # 2 425 Croghan Drive Carlisle, Pa. 17013 0.14 MI = $199,500 $156.59 sq, n. FllsiC 0300410 COMPARABLE SALE # 3 852 W. North Street Carlisle, Pa. 17013 0.23 MI $192,000 $ id2.o2 sq. n. Data Source(s) L &CCCH CPML &CCCH CPML &CCCH Verification SOUroe(s) VAWE ADJUSTMENTS Sale or Financing ConC8sSI0ns D DESCRIPTION -_= ~-:~ :::. - Drive-by Ext Inspecion DESCRIPTION +(-) S Aejttstment FHA ry q Drive-try Ext. Inspedion DESCRIPTION +(-) S Adjustment Conventional N/A Drive-by Ext. Inspection DESCRIPTION +(-i S Adiustment Conventional N/A ate of Sale/Time Loption --•~ - - =' " Averege/Good 6/18/2009 Same 10/08/2008 Same, 06/12/2008 Same Lt'aseh0lli/Fee Simple Site View Fee Simple 0.25 acre (m/L) R id Fee Simple .33 isae (rn/L) N/ Fee Simple 0.39 sae (m/L) N/A Fee Simple 0.31 aae (m/L) N/A es ential S(mllar Similar Similar Design (Style Quality of Conslrudion Actual Age Condition Above Grade Bi-Level Average to Period Bust 34 yrs. (rn/L} Fair m Average Total Bdrms. Baths Bi-Level usage to Period Bue 31 yrs. (m/L) Very Good Total Bdmts. Batas 150 Bi-LevN verage to Period gun 31 yrs. (m/L) Very Good Total Bdrms. Balhs 1500 Ranch Average to Perod suet 47 yrs. (m/L) Average Total Bdrms. Baths 10000 -5000 Room Count 6 3 2.00 6 3 2.00 6 3 2.00 6 3 2.00 Gross Livin Area Basemerd 8 Finished 1284 sq. n. L Bi L l 1248 sq. ft. N/A 1274 sq. n. N/ 1882 sq. ft. -11960 Rooms Below Grade ower - eve Four Lower BI-Level Fotrr Lower Bi-Level Four Full CorKrete -2500 Functional Utility Healing/COOlin Average El verage verage One Average 6200 g Energy Efficient hems Garage/Csrport Porch/Palio/Deck Exterior Finish Freplaces,etc. fence/Pool/etc. Net Adjustment (Total) ec.88/Central Alr Wood Stove 2 Car Integral Porch/Curd Patio Brldc/Aluminum (il Flreplace Some Fendn9 Heat.Pump/Central Air None Known 2 Car.Integral Porch/Endosed Porch Brick/Aluminum (1) Freplace Fence + - -25 500 -1500 -18500 Hent Pump/Central Air Coal Stove 2 Car Integral Pordt/l7eck Brick/Aluminum None Known None Known + - -250 -500 2800 N/ $ FHA/Central Air None Known C-port 1 Car) Porch '.. Bride ~ ~ (2) Fireplaces None Known -2500 500 1500 1500 -1500 -2800 N/A Adjtuled Sale Price of Comparables I did did no[ rese ;. arch the sale or transfer Net Adj. 9.25% Gross AdG 9.75% history of the subject pro $ 181400 perty and compar Net Adj. 7.62% Gross Adj. 10.43% able sales. If not, explai -15200 $ 184300 n + - Net Adj~ 3.42% Gross Adl• 23.94% .6 -6560 $ 165440 _ My research did did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data Source(s) CCCH Assessment Records - My research did did not reveal any prior sales or transfers of the comparables sales for the year prior to the date of sale of the comparable sale. Data Source(s) CCCH Assessment Records Report the results of the research and analysis of the prior sale or transfer history of the sub ect properly and comparable sales (r orl additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Date of Prior Sale,/Transfer 07/14/1999 12/01/2004 04/25/1997 08/24/1976 Price of Prior Saie/Transfer ;1.00 ;1.00 ;136,900.00 ;36,500.00 Data Source(s) CCCH Assessment Records CCCH Assessment Records CCCH Assessment Records CCCH Assessment Records Elteclive Date of Data Source(s) 03/26/2010 03/30/2010 03/30/2010 03/30/2010 Analysis of prior sale or transfer history of the subject property and com rable sales Subject is not, and has not been listed for sale within the last 1z months to the best of the appraiser's knowledge. Subject and comparables last transferred ownership on the dates above, and have not been resold since then to the best of the appraiser's knowledge, Summary of Sales Comparison Approach The comparable properties used In this analysis are In my opinion the very best available at the present, and having been sad within the most recent months of the appraisal date. An are relative in proxfmlty, within the same neighborhood, and very similar in nature, style, size and condition. Adjustments have been made to compensate for differences in the comparables where necessa A modest ry• figure of;20 p/sq.ft. was used to calculate above ground finished living area in excess of 100 sq.ft for comparable #3. No adjustment was used for difference in silos, as each is relative. Bathrooms or 1/2 baths and bedrooms below ground level are included in number of rooms below grade. Conditlon of comparables was verined by Realtor's comments; #1 and #2 were said to be immaculate w/new carpeting, paint, updates, more in condition. Other adjustments are pretty self-explanatory. Value for the subject was given between adjusted sale price of #1 and #2. indicated Value by Sales Comparison Approach $ 182,000.00 -..~ r~.~..,,~w ~r ~~~~~ ~r>mnu outnrere wmpatry tauo> 9w-a727 www.unitedsystems.mm (Rev 06roe1 B_-H Agenty Appraisal Services File No. 0300410 QCCIHCYTIAI l`IIVAAAw wnnrs a^nu w^•www~ ----•--•-••r.r....nmrAn n^r aunG GrYpl FIIE# 0300410 Indicated Value b : Sales Com ison Approach S 182,000.00 Cast proach (g develo ed) S N/A Income roach (if developed) $ N/a Final Reconaliation See "Final Reconciliatlon" on Text Addendum page... - This appraisal is made ®"as is", Q subject to completion per plans and specifications on the basis of a hypothetical conditien that the improvements have treen completed, (] subject to the following repairs or alterations on the basis of a hypothetical condition That the repairs or alterations have been completed, or subject to the following required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration ar repair: See Text Addendum page... As per Client Instructions of the assignment, this appraisal is betrg done as to the "Date of Death" of the decedent, Agatha Jane Thomhili, which was July 20, 2009. Therefore the "Effective Date" of this report and appraisal Is July 20, 2009 as stated below, This report is also subJed to other H olhetical Conditions anQ/a Exlraordina Assumptions as specified in the attached addenda Based on the degree of inspection of the subject property, defined Scope of Wak, Siatement of Assumptions and Limfting Conditions, and Appraiser's Certifications, my (our) Opinion of the Market Value (or other specHled value type), as defined herein, of the real propeAy that is the subject of this report is S IE2,000.00 - as al _ ]uly 20, 2009 ,which is the eftedhro date d this appraisal. If indicated above, this Opinion of Value is subJed to Hypothetical CondRtons and/or Extraordinary Assumptions included in this report Sae attached addenda . A True and complete copy of this report contains 13 total pages, including the attached exhibits (indicated below) which are considered an integral part of the report. This appraisal report may not be properly understood without reference to the information contained in the wmplele report. ® Scope of Work ~ Additional Sales Addenda ®Deed/Legal Description Hypothetical Conditions ®Narrative Addenda - ^ Extraordinary Assumptions ®Pttotograph Addenda _ ®Limiting Condilions/Certiticati0ns ®Map Addenda ^ Cost Addenda ®5ketch Addenda Income Addenda ~ ~ Flood Addenda ( NofDeveloped) COSTA?@RDACHTDYAWE -` Provide adequate information for the client to replicate the below cost figures and alculations. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) N/A ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW - Source of cost data N/A Duality rating from cost service Effective date of wst data = Comments on Cost A roach (gross living area calculations, depreciation, etc.) _ Due to the age of the subJed Improvements, the Cost approach to value was not used, The Cost Approach is only considered for dwell(ngs of "New Corsstructlon" or for an actual iol y~ phys age of less than five rs. It Ls the opinion of this appraiser that the "Cost Approach" to value is inadequate and not appropriate in an analysis of a dwelling & Improvementr of the actual physical age of this subJed, and would not yield an aaurate representatlon of Market Value. It was therefore not considered, Estimating Remaining Economic Life N/A Years (®Nd Developed) _ ;:.: INGOME APFp OPINION OF SITE VAWE, , , , , , , , , , ~ ~ ~ • ~ • • • • • • ~ ~ • • = S N/A Sq. Ft. @ $ _ S ~ ~ • _ $ Garage/Carporl Sq. Fl. @ $ = S Total Estimate of Cost-New = $ N/A ' ' ' ' ' ' Less Physical Functional External Depreciation = I; ( ) Depreciated Cost of Improvements 'As-is" Value of Site Improvements - Indicated Value bS' Cost Approach , , . , - b ............. ........ _ $ N/A OACH TO VAl1JE Estimated Monthly Market Renl $ N/A X Gross Rent Multiplier N/A = $ N/A Indicated Value by Income Approach _ Summary of Income Approach (including support for market rent and GRM) See "Final Recondliatlon" on Tex[ Addendum Page.... Not:Devel ed oP ) _';:PRO,IECT;INfiQRMAl10N FOR:PUD's .:..: , Is the developer/builder in control of the Homeowners' Association (HOA)7 Yes No Unlt type(s) Detached Attached Provide the following information for PUDs ONLY itthe developer/builder is in control of the HOA and the subject property is an attached dwelling unit. Legal name of project This entire sectlon is N/A to the subJed property, Total number of phases Total number of units Total number of units sold - Total number of units rented Total number of units for sale Data source(s) Was the project created by the conversion of existing buildin (s) into a PUD? Yes No It Yes, date of conversion. Does the project contain any multi-dwelling units? Yes No Data source(s) - Are the units, common elements, and recreational facilities complete? Yes No If No, describe the status of completion. Are the common elements leased to orb the Homeowners' Association? Yes No If Yes, describe the rental terms and options. Describe common elements and recreational facilities. ~n~=~~~ ~"~~~d" ew~pdry recur vo^-erzr www.umteosyuems.com (Aev d6Ne) B-H Agency Appraisal Services rile No. 0300410 -------------- --•-•••••~••...+. ~ nnwna. ntcrvn8 Flle# 0300410 DEFINRION OF MARKETVALUE' Markel value means the most probable price which a property should bring in a competitive and open market underall conditions requisite to a fair sale, the buyer and seller each acting prudently and 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: • Buyer and seller are typically motivated; • Bolh parties are well informed or well advised and acting in what they consider their awn best interests; • A reasonable time is allowed for exposure in the open market; • Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable Nerefo; and • The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. 'This definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Acl (FlRREA) of 1969 between July 5,1990, and August 24,1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 21, 1994. APPRAISER'S CERTIFICATION -1 certlry that, to the best of mT knowledge and belief: • The statements of tact contained in this report are true and correct. • The credibility of this report, for the skated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and an: my personal, impartial, and unbiased professional analyses, opinions, and conclusions. • I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. • I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. • My engagement in this assignment was not contingent upon developing or reporting predetermined results. • My compensation for completing this assignment is not contingent upon the development or reporting o1 a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, ar the occurrence of a subsequent event directly related to the intended use of this appraisal. • My analyses, opinions, and conclusions were developed, and This report has been prepared, inconformity with the Uniform Standards of Professions! Appraisal Practice That were in effect at the time this report was prepared. - • I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners ar occupants of the subject property, or of the present owners or occupants of the properties in the vicinity of the subject property. • Unless otherwise indicated, I have made a personal Inspection of the property that is the subject of this report. • Unless otherwise indipted, no one provided significant real property appraisal assistance tb the person(s) signing this cerlitication. Additional Certiflcatlons: Appaiser(s) signature has been digitally signed by seatred measures APPRAISER +'~J ~ Signature '' Name G. Arth laman company Name B-H Agency Appraisal SgWCes Company Address 163 N. Hanover Street CaHrsie, Pa. 17013 Telephone Number (717) 243-1000 ext. 216 Email Address bhapptaisal~contcast.nei Date of Signature and Report o3/31/zolO Stale Certification # RL-139418 or State License # State Pa Expiration Date of Certlbcalion or License 06/3D 2011 SUPERVISORY APPRAISER. (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of CerlthcaUon or License Subject Inspection ® Interior and Exterior Exterior Only None Inspection Date 03/24/2010 Subject Inspection ~ Interior and Exterior Exterior Only None Inspection Date form produced by United Systems Sonxare Comparry (BDO) 969-8727 wxw.unihdrystems.com (nev 06/08) B-H Agency Appraisal Services File No. 0300410 . • .. .,. '... , ~}I16It1~111R'ar;tYta(~ tE1C ~:daX af. il1 LhG yCBt Of OU! Y.Ord OCle ~ - ; tliousand.tune hruri#t+ed~atid:ninety=ttida jr944 i ' u . co Between ~- r . -: "s ~~' . ` ' " i= ~~IovtRard A. Thotnhi#! and Agatha Sane Thornhill, husband and wifc, of .`"~ ' ~ ~, ~- ' y '. 'Cumberland County, Pennrylvania, Gratttoss ~:- _: ; ; and -.,.. "i-" rn ~ Howard A, ThornGill a/kfa H. A. Thornhill and Agatha Jane Thornhill. T>rusL as, rr~ , ~ a artheir suoees.in trust:imderlht~Howard A'Phornhill a/k/a H. A, Thornhill - Living Teus4 dtited:7uly.ti,-i~99', snit. any atnendn'tenic thereto, sad Agatha Jane Thticrfllpl:tuad Howtat! A. Tttoithhiri`allda.H. AThornhill, Trusteed ox thou sncceatuiis:itt Inuit; ntdet t1~ie ~gr~tita 3nne Thornhill Living Trust dated Juty 6, 1995f;and:ariy athandmaitr~:ttaaido as Tt><tants in Common, Granteas yVlt~asetti, tlidt the ©rat~org; fcr ate: in sanaidecation of the sum of Cane and . 1+101..} 00~'(SI:Od~ Igo#}ac~; lawfal n~ney of Ella United States of Anurrica, unto tlsens weN ~_ . ;m-d .tculSr. paid'tiy the tirant+ets at or.befarii thettcaling and delivery heroo~ the raceigt whf:ia:hixtbj!.~cknowtedged,'bave;gra»ted, bargained and sold, re}aased and ~ . ~n~ir: etid t>ly the:C preseuts do,grarit, bargain and sell, release and con@rm unto the . ~ Cirratitesa; th+sir sue~ssors and ttsslgtis:. ALL THAT CERTAIN pieCaor,parccl of land with tha improvements thercan snxted situate in the Bamugh of Caclislc; Cumberland County, Penneylvartia. being Lot No. 4, Sxtion "E,"' Plan Na. 2 of Meetiag House Haghts, recordod in the Cumberland County Rteorda's Clfltee in P}en Book'No. 23, at Page 126, more particularly lsoundcd. -. and deacribod as follows: SEGINNINO. at a paint on the South silo of Forbes Raad an said P#sa, which point is !seated Nortfi ~76 degrees 9 minutes East, a distanca of 31 S foal from the Eastety. line of ll+Ieet>tng:Houite. Spsinp Ytosd, and which point is slso an tha dividing lino hetweer, Lao Ntis.3 end 4;: Saction_°E,'.' of said Flan; thence along the Sautharn side of Forbes . ': ~ad'Notth 76 d+rgrees 9~miinutas East, a distance of 110 foot to • paint on the dividing .: . ~...:. .. :. . IinebeEwaaa~I;v'ta~No. ~ Attd`S,Seation.`.'E;" of saidPlan; thence along said dividing Tina ~:' South 13_degrees Sl mitiutcs:Etist, a distance of96.~ feet to a pointon the Southern tine of.L:af.1Vo. 11 as it appt~ta.tn the Play .of Barr Heights; thence a#ong the same North 89 • . diegceca 13 minutes 30 soeond=:Werct; a distaaat of 32.I feet to a point an the Northern boundary of the Plan of>3wrHa}ghta; thence along said Noriharn'boundaty of the P#an of Burr Heights South h~ degrees West,' a d#stanca of'ISt.S i fart to a point on the dividing sot>~ ~Q3 ~~~cE ~Q5 Form protluced M United Systems SoOware Company (600) 969-6727 www.undedsystems.wm B~H Agency Appraisal Services File No. 0300410 line l+etwrceu Lots Nos. 3 And 4, 6aation "~,,, as it appears on Plan 2 of Arlexting House Heights; thence ttlongsaid fividirag line N6tth.13 :degrees Sl minute's West, n elistllilce of 98.x3 feat to r pu~ut on the SouNrart Aida of Forties Road, the Place eaf BEGINNING. IIEING 9mproved with a'#bur bedroom brickand aluaninutn bi-lever dwelling :known as 9~0 Forbes Itoisil, Carlisle: Al71NG the same pret~uas whie;h Lebo, Burkholckr do Cleland, a partnership. by Deediiated ~3une 4~3,197~, aiitid Yoaoickd Jiiae 18,19'i6, iti:Doed~Hook Q~.S,.Pngt ~t15, in tHc tiiru:e of thie.liescosder of Deeds itt eed frfr Cutab~d t;autrtyr ~ I'annsYlranes, ... .. s grated sail tonva . :.unbo; Havvatd ~A ~'}~!~oli~lt:ei~d'#gstbs Jane Thotriliill. the Grantors .... heroin. . UNDER AND SUBJECT to ell restirictldns, ea.~etnents, cavertants, conditions and agtexmerrts of e+ecord. TOGETHER with all end edngttiar tide btiildingtt and itnprma:nteats, ways, streets, alieps, l~l~..w~rs, ~~ribtsta;:~iberti+oa, pri'e11e~a- hereelihments and aPpurtees, vi-hataoevec ttdto the he[ebjR:gtpa~d~,}tri~~s beyonB~g, or ftt any wise epperiatning, ~atyd .the revexalons and rcrttaiad>~i;..reptx;-ice attd prof is thereof; and sit the ieestate, rigi~t, iitlef 3nt~est. property, chwn-a~il:iletn,nd whatsroever of them, the Gratttars, as welt at law `es in egelity, of, iri:and. t~ they aiaersc. TU HAVE AND TO HdLD the tuuid,lot:~r'piuae of groued above described, with the messsuage ar tcnemeat dtaraoa et~eated,~: heredita:tiests and hereby grantee}, or motioned and infendai so te, be, with ~'aP- utrta the Granlee~e, their successors and assigns, to end for the only. pre~perur,s and btdtoof of the Grantees, their successors artd assigns, forever, AND the Gramm~s, for theaisalv4x; #heirheirs;:pergonai nepresquatives and assigns, do tovrnatrt, promise sad agree. to andvviththa Grantees, their successors and assigns, by these pxestatta,~thet thcy..tha Chaittora, tliar~heirs. peYSOneI repreaentetives and assigns, all and singular4he.lieFeditatnentisand pt+eittiseshereby granted or merttiotred and intended so to ba, with the appllrteltalte:Ca."Nrltothe Grantees, their successors and ~8ns- agalcst ~. the Gnmtars~ their heirs. pesrawiel iaitves and assigns, and against ell and evert' Pin atsd ptrsotte yvhota>beva~ lawftilly ctainring or to clsitn the amtta br any part tha+eof, by.from.: or ~aiide)t him,: lief; thtyti or say of them, shall and will, Sttbjext ss afezcasaiti, WARRANT~And ~faevier:DEFEf~11D. ~ . ' 8t?QK ,Z,~a'3 PACf ,4QEi Form produced by United Systems Soltxere Comparry (800) 969-6727 www.unihtlsystems.com