HomeMy WebLinkAbout12-21-11 (2)15D561D143
REV-15tJ0 Ex(°'-'°)
OFFICIAL USE ONLY
PA Department of Revenue Pennsylvania County Code Year File Number
Bureau of Individual Taxes oEVUeTNExr OF REVEMIE
Po Box.28oso~ INHERITANCE TAX RETURN 21 11 00639
Harrisburg, PA 1712&0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
045 16 4423 05 17 2011 05 17 1919
Decedent's Last Name
COX, II
Suffix Decedent's First Name
J. FREDERIC
(If Applicable} Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name
COX KATHERINE
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
X^ 1. Original Return ~ 2. Supplemental Retum ~ 3, Remainder Retum (date of death
prior to 12-13-82)
4. Limited Estate ~ qa Future Interest Compromise ~ 5, Federal Estate Tax Retum Required
(pdate of death atfta~er 12-12-82)
0 6' Atta heCopy of W II)1e ^ 7• (Attach Copy of Tfusi)a Living Trust ~ _ g, Total Number of Safe Deposit Boxes
REGISTER OF WILLS USE ONLY
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9. Litigation Proceeds Received ~ 1g~ be~eenP~1 31 X31 a d't~dacse5ofdeath ~ 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
MARIELLE F HAZEN ESQ 717 540 4332
First line of address
2000 LINGLESTOWN ROAD
Second line of address
SUITE 202
City or Post Office
HARRISBURG
State ZIP Code
Phi 17110
Correspondent's a-mail address: mhazen a~hazenelderlaw.com
MI
MI
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Under penalties of pery'ury, 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. Decigration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN ~ DATE
David C. Cox ~ ~ - t~ 1 Z . ! x - !1
ADDRESS
509 Joyice Rd., Camp H111, PA 17011
SIGNATU~2E~F PRE~/1RER OTHER THAW REPRESENTATIVE DATE
Marielle F Hazen, Esq. ~~
2000 Linglestown Road, Harrisburg, PA
Side 1
15D5610143 15D561D143 J
REV-1500 EX
Decedent's Name: COX, ~~~ .~. Frederic
15D561D243
RECAPITULATION
1. Real Estate (Schedule A) ....................................................................................... 1.
2. Stocks and Bonds (Schedule B) ............................................................................. 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... 3.
Decedent's Social Security Number
045 16 4423
365,000.00
4. Mortgages & Ndtes Receivable (Schedule D) ........................................................ 4.
5• Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ............... 5. 6 , 6 90 - 9 6
6. Jointly Owned Piroperty (Schedule F) ^ Separate Billing Requested............ 6.
7. Inter-Vivos Transfers & Miscellaneous two; Probate Property
{Schedule G} u Separate Billing Requested............
7.
4 3, 7 8 7. 2 7
8. Total Gross Assets (total Lines 1-7) ..................................................................... 8. 415 , 4? 8.23
9. Funeral Expenses & Administrative Costs {Schedule fi) ....................................... 9. 14 , 3 0 9.8 9
10. Debts of Decedenq, Mortgage Liabilities, & Liens (Schedule 1) .............................. 10. 13 6 , 5 65.93
11. Total Deductions (total Lines 9 & 10) ................................................................... 11. 15O , 8 7 5.82
12. Net Value of Estate (Line 8 minus Line 11) .......................................................... 12. 2 64 , 602 • 4 ~.
13. Charitable and Governmental BequestslSec 9113 Trusts for which
an election to tax has not been made (Schedule J) ............................................... 13.
14. Net Value Subject tp Tax (Line 12 minus line 13) ............................................... 14. 2 64 , 602.41
TAX COMPUTATION • SSE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of line 14 taxable
at the spousal tax rate, or
transfers under Sec. X116 85 , 154.6,4 15.
(a){1.2) X .00
16. Amount of line 14 taxable 17 9 , 4 4 7 .7 ? 1 s.
at lineal rate X .045
17. Amount of Line 14 taxable 0 , 0 0 17.
at sibling rate X .12
18. Amount of Line 14 taxable 0 , 0 0 18.
at collateral rate X .15
19. Tax Due ................................................. ................................................................ . 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Side 2
15D561D243 15D561D243
0.00
8,075.15
0.00
0.00
8,075.15
REV-1500 EX Page 3
Decedent's Complete Address:
File Number 21-11-00639
DECEDENT'S NAME
Cox, 11, J. Frederic
STREET ADDRESS
610 Gale Rd.
CITY
Camp Hill STATE
PA ZIP
17011
Tax Payments and Credits:
1. Tax Due (Page 2, Line 19) (1) 8,075.15
2. Credits/Payments
A. Prior Payments 7,500.00
B. Discount 394.74
Total Credits (A + g) {2) 7,894.74
3. Interest {3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4)
Check box on Page 2 line 20 to request a refund
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. {5) ~ $Q,t~~
ake Check Pa able 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: Yes No
a. retain the Use or income of the property transferred; ............................................................................... ^ ^x
b. retain the night to designate who shall use the property transferced or its income :.................................. ^ ^x
c. retain a reversionary interest; or ............................................................................................................... ^
d. receive they promise for life of either payments, benefits or care? ............................................................ ^ ^x
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration? .................................................................................................................... ^ 0
3. Did decedent own an "in trust forte or payable upon death bank account or security at his or her death?....... ^x ^
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a benefiaiary designation? .................................................................................................................. 0 ^
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
.. '-_ ,, s
For dates of death on or after July 1, 11994 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 Januarys 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 statwte 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 val a 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 ~e 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.;i percent, except as noted in
72 P.S. §9116 1.2) [72 P.S. §9116 Qa) (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)]. A
sibling is defined under Section 910, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
Rev-1502 EX+ (11-08)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE A
REAL ESTATE
ESTATE OF
FILE NUMBER
Cox, ll, J. Frederic ~ 21-11-00639
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, additional pages of the same size)
Copyright (c) 2009 form software only The Lackner Group, inc. Form PA-1500 Schedule A (Rev. 11-08)
Rev-150& EXt (6-98)
COMMON W EALTH OF PHN
INHERITANCE TAX F21
RESIDENT DECE
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF FILE NUMBER
Cox, II, J. Frederic 21-11-00639
InGude the proceeds of litigation and the date the proceeds were received by the estate.
All property jointlyowned with the right of survivorship must be disclosed on schedule F.
{If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only ~'he Lackner Group, Inc. Form PA 1500 Schedule E (Rev. 6-98)
Rev-1510 EXs (6-98)
SCHEDULE G
INTER-ViVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTHOF PPNNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEt7EtJT
ESTATE OF FILE NUMBER
Cax, ,II, J. Frederic 21-11-00639
This schedule must b'e 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
HE DATE OFT NSFERSAEfRrACNTA COPY OF THE DEIED FOOREREAL ESTATE. DATE OF DEATH
VALUE OF ASSET I OF DECD'S
INTEREST EXCLUSION
(IF APPLICABLE) TAXABLE
VALUE
1 Aviva Life B~Annuity Go. -IRA -beneficiary is spouse, 1,629.38 100.000% 1,629.38
Katherine C.I Cox
2 2,000 shareslof Walnut Street Securities #5W8 39,180.00 100.000°!0 39,180.00
-9570099-H2~ - General Electric Co. - - TOD to
spouse, Katf>',erine Cox
3 32 shares of 1pYalnut Street Securities #5W8-9570099- 1,168.96 100.000°l0 1,168.96
H26 - Dow *~hemical Co - - 70D to spouse,
Katherine Cork
4 Walnut Street~ecurities #SW8-9570099-H26 Money 1,808.93 100.000°!0 1,80$.93
Market - - 70 to spouse, Katherine Gox
TOTAL (Also enter on Line 7, Recapitulation) I 43.787.27
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98}
REV-1151 EX+(~0-06)
~~M' RE~IDENTOECEDEN~RNANIA
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
Cox, NI, J. Frederic 21-11-00639
Debts of decedent must be reported on Schedule 1.
ITEM DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
See continuation schedule(s) attached
3,691.22
B.
1. ADMINISTRAl~IVE COSTS:
Personal Representative's Commissions
Name of Personal Representative(s)
Street Address
City State Zio _
Year(s) Commilssion paid
p. Attomev's Fees Hazen Elder Law 6,229.00
3, Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) 3,000.00
Claimant l~atherine C. Cox
street Address 610 Gale Rd.
City Ca Hill State PA zio 17011
Relationship o Claimant to Decedent SpOUSe
4. Probate Fees Register of Wills 473.50
5. Accountant's Fees Hasland and Garrick 25.00
6. Tax Retum Preparer'$ Fees
7. Other Administrative 4osts 891.17
See continuation schedules} attached
TOTAL (Also enter on line 9, Recapitulation) 14,309.89
Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 10-06)
I
SCHEDULE H
FUNERAL EXPENSES AND ADMINISTRATIVE COSTS
continued
ESTATE OF (FILE NUMBER
Cox,'II, J. Frederic 21-11-00639
ITEM
NUMBER DESCRIPTION AMOUNT
1 Funeral Services - payment for minister and bagpiper
2 Parthemore Funeral Home
ether Administrative Costs
3 Clauser Real state Appraisals -house appraisal fee
4 Cumberland Law Journal -estate notice
5 Hazen Elder Lbw -disbursements
6 Sentinel - estate notice
Copyright (c) 2002 form software only ~he Lackner Group, Inc.
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550.00
3,141.22
3,691.22
H-A
575.00
75.00
19.77
221.40
H-B7
891.17
Form PA-1500 Schedule H (Rev. 6-98)
Rev-1512 EX+ (12-08)
SCHEDULE i
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, 8i: LIENS
COMMONW EALTH OF PENNSYLVANIA
INHERITANCE TAXIRETURN
RESIDENT DEC~DENT
ESTATE OF FILE NUMBER
Cox,,ll, J. Frederic 21-11-00639
Report debt incurred by the decadent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 Law Securi -security system for house 85.50
2 M&T Bank -IHome Equity Line of Credit -Acct. #12044443421604998 135,042.15
3 Nationwide (nsurance -premium includes auto, homeowners and umbreNla 511.88
4 PAWC 62.22
5 PP&L Electric 277.48
6 UGI -gas cor~lpany 248.00
7 Verizon - - inc~uded land line, cell phone, television 338.70
i,
TOTAL (Also enter on Line 10, Recapitulation) 136,565.93
(N more space is needed, additional pages of the same size)
Copyright (c) 2009 form software only the Lackner Group, Inc. Form PA-1500 Schedule 1 (Rev. 12-08)
',~
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REY-1513 F.X+ (11-08)
COM INHRERIT ENNTEd~ECED~NTRN ANIA
ESTATE OF
SCHEDULE J
BENEFICIARIES
FILE NUMBER
Cox, II, ~1. Frederic 21-11-00 639
NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER FPERSON(Sl RECEIVING PROPERTY DECEDENT (Words) ($$$)
I TAXABLE ISTRIBUTIONS (include outright spousal
• distributions, and transfers
under Sec. 9116 a 1.2
1 David C. ox Son Residue 179,447.77
509 Joyc Rd.
Camp Hill PA 17011
2 Katherine C Cox Spouse Elective share 85,154.64
c/o David .Cox
509 Joyce Rd.
Camp Hill, PA 17011
Total 264,602.41
Enter dollar amo nts for distributions shown above on lines 15 throw h 18 on Rev 150 0 cover sheet, as a r o riate.
NON-TAXABLE ISTRIBUTIONS:
II. A. SPOUSAL DI TRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT TAKEN
B. CHARITABLE f~ND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENT R TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
Copyright (c) 2009 form software only he Lackner Group, Inc. Form PA 1500 Schedule J (Rev. 11-08)
LAST' WILL AND TESTAMENT
OF
J. FREDERIC ~'OX, II
I, J'I. FREDERIC CUX, II, now domiciled in Cumberland County, Pennsylvania, declare
this to be any Last Will and Testament. I revoke all other wills and codicils that I may have
previously Made.
Article I
My jest debts and expenses of my last illness, funeral, and administration of my estate
shall be paid ~by my Executor from the principal of my residuary estate as soon as practicable
after my death.
Article II
All inheritance, estate, and succession taxes {including interest and penalties thereon, but
not including a~y generation skipping tax) payable by reason of my death shall be paid out of
and be chazged generally against the principal of my residuary estate without reimbursement
from any persona This provision is not a waiver of any right which my Executor has to claim
reimbursement fc~r any such taxes which become payable as the result of any property over
which I have the p'iower of appointment.
Article III
I give, devise and bequeath my tangible personal property in accordance with any
memorandum I have handwritten or signed, located with my will or with my valuable papers and
found within 30 days of the probate of my will. Gifts may only be to persons who survive me or
to organlizations which exist at my death, and if there is a conflict, the memorandum having the
latest dale shall govern. To the extent no such memorandum is found, or all of my tangible
personal ~~roperty is not disposed of pursuant thereto, my tangible personal property shall be
added to ray residuary estate and pass under Articles IV and V hereof.
Article IV
If ~}y spouse, KATHERINE C. COX, survives me by one hundred seventy (170} days, I
give, devis~ and bequeath to my spouse cash, securities or other property of my estate having a
value equal ~o the amount, if any, that my spouse would be entitled to receive if she exercised her
elective sham rights as set forth in section 2201 et seq. of the Pennsylvania Probate, Estates and
Fiduciaries C~de (the "PEF Code"); provided, however, that this bequest shall be reduced to the
extent my spouse has waived the right to elect under PEF Code section 2207 or forfeited the
right to .elect u'pder PEF Code section 2208. In computing the amount of this bequest, it shall be
assumed that ray spouse has elected under PEF Code section 2204(c} to retain all beneficial
interests in property that she would otherwise be required to disclaim if she exercised her
elective share ri~hts.
Provided ~my spouse survives me for one hundred seventy (170) days and she has not
waived or forfeited her elective share rights, it is my intention, that as a result of my death, she
receive property hiving a value equal to (but not more than) that which she would receive if she
were to exercise her elective share rights.
My Executd~r shall have the sole discretion to select the assets which shall constitute this
,I
bequest. If my spo~se does not survive me by one hundred seventy (170} days, or in the event
my spouse (or her legal representative) disclaims any portion of this bequest, this bequest, or the
disclaimed portion thereof, shall be distributed as part of my residuary estate.
2
This bequest shall be distributed, in trust, to my hereinafter-named Trustee to be held,
administered and distributed as follows:
A~. To expend and apply so much of the net income and so much of the principal of
I
the Trust as the Trustee shall consider advisable for the support, health, and care of
KATHERINE C. COX, for the remainder of her lifetime.
B. ~'~ In the event of KATHERINE C. COX's death, the trust shall terminate, and the
remaining ~rincipal and accumulated income of the trust shall be distributed to my son, DAVID
C. COX, o$ Cumberland County, Pennsylvania, per stirpes.
C. ' No beneficiary or remainderman of this Trust shall have any right to alienate,
encumber, o~ hypothecate his interest in the principal or income of the Trust in any manner, nor
shall any inte~est be subject to claims of his creditors or liable to attachment, execution, or other
processes of l~w.
D. ' I hereby appoint my son, DAVID C. COX, as Trustee of any Trust(s) created in
this Will for th~ benefit of my spouse.
E. lnn order to carry out the purposes of the Trust established by this Will for the
benefit of KAT~ERINE C. COX, the Trustee, in addition to all other powers granted by this
Will or by law, hall have the following powers over the Trust estate, subject to any limitations
specified elsewhere in this Will:
(a) I to retain in the farm received and/or to sell either at public or private sale,
any real estate or personal property except that which I specifically bequeath herein;
(b} I'~, to manage real estate;
(c) 'l to invest and reinvest in all forms of property without being confined to
legal investr~ients, and without regard to the principal of diversification;
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3
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(d) to exercise any option or right arising from the ownership of investments;
(e) to compromise claims without court approval and without consent of any
bl~neficiary;
(fj to file fiduciary/income tax returns and pay the tax due for any year for
wh~ch such a return is required;
(g) to make distributions in cash or in kind, or in both, and to determine the
vale of any such property;
~, (h) to the extent any trust hereunder is the beneficiary of a Retirement Account
~I
(as hereinafter defined) my Trustee shall draw the benefits from the Retirement Account in
amou'~ts sufficient to meet the minimum distribution requirements of IRC Section 401(a){9)
'~
and tt~e regulations thereunder (the "Required Minimum Distribution"). Notwithstanding
any pr~vision of the trust to the contrary, the Required Minimum Distribution shall be paid
to or a~plied for the benefit of the income from such trust, or if there is more than one
I
income~beneficiary, my Trustee shall make such distribution to such income beneficiaries in
the proportion in which they are beneficiaries or if no proportion is designated in equal
shares tc~ such beneficiaries. "Retirement Account" means a plan qualified under IRC
Section 401, or an individual retirement arrangement under IRC Section 408, or a Roth IRA
under IR~ Section 408A, or atax-sheltered annuity under IRC: Section 403 or any other
benefit su~ject to the distribution rules of the IRC Section 401(a)(9), or the corresponding
provisions~of any subsequent federal tax law. It is my intention that this trust qualify as a
"conduit gust" under IRC Section 401(a)(9) so that the trust beneficiaries shall be
considered designated beneficiaries for purposes of the minimum distribution rules, and that
distributions may therefore be taken over the trust beneficiary's life expectancy (or the life
~, 4
I
expectancy of the oldest trust beneficiary). The Retirement Accounts shall not be subject to
the claims of any creditor of my estate and they shall not be applied to the payment of my
d~bts, taxes or other claims or charges against my estate unless and until all other assets
av~iailable for such purposes have been exhausted, and even then only to the minimum extent
that would be required under applicable law in the absence of any specific provision on this
ect in this my Will;
(i) to employ any attorney, investment advisor, or other agent deemed
by my Executor; to pay from my estate reasonable compensation for all their
(j) to conduct alone or with others, any business in which I am engaged in or
have ~n interest in at the time of my death; and
(k) to receive reasonable compensation in accordance with their standard
of fees in effect while their services are performed.
~I
Article V
All the~~rest, residue and remainder of my estate, of whatsoever nature and wheresoever
situate, I give, (devise and bequeath to my son, DAVID C. COX, .per stirpes. If DAVID C.
COX fails to s~rvive me by thirty (30) days, but leaves descendants who survive me by thirty
(30) days, thoseldescendants shall receive, per stirpes, the share he would have received had he
survived me by t~irty (30) days.
I
Article VI
It is my intent that all life insurance, annuities, individual retirement accounts and any
other assets in wh~ch I may designate a beneficiary will pass to the beneficiary that I have named
and will not be controlled by the provisions of this Will. It is also my intent that any assets I own
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jointly vu,ith another with rights of survivorship or a presumed right to survivorship which such
joint ownership was created before or after this Will, will pass to the surviving joint owner and
,i
will not b~ controlled by the provisions of this Will.
Article VII
I nominate, constitute and appoint my son, DAVID C. COX, as Executor of my Last
i
Will and T~stament. I direct that my Executor be permitted to serve without bond. In addition to
those powers granted by law, I grant them power to distribute in cash or in kind, in like or in
unlike share, and to file any qualified disclaimer I could have filed if living. My Executor shall
receive reasonable compensation for services rendered to my estate.
!, Article Vlll
In ad~ition to the powers conferred by law, I authorize my Executor in his absolute
discretion:
I~
(a) Ito retain in the form received and to sell either at public or private sale, any real
estate or perso~al property except that which I specifically bequeath herein,
(b) ~ manage real estate,
(c) t~ invest and reinvest in all forms of property without being confined to legal
investments, an~ without regard to the principal of diversification,
(d} tol exercise any option or right arising from the ownership of investments,
(e) to,I compromise claims without court approval and without consent of any
~,
beneficiary,
(f) to mile any federal income tax return for any year for which I have not filed such
return. prior to my
6
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I, ',J. FREDERIC COX, II, Testator, who signed the foregoing instrument, having been
duly qua~fied according to law, acknowledge that I signed and executed this instrument as my
Will, an that I signed it willingly as my free and voluntary act for the purposes therein
Sworn to r affirmed and
Acknowl ged before me by
J. FREDE C COX, II, the Testator ;
on ~n - ~ , 2010.
2 /
~. ~~
~ ~ ~1 ~ ~~
Notary Public FREDERIC COX, II
Ct~MMONW~I-!.'('W t~l~ I~ENNBYLVANIA
Notarial Seel
Me~ssa M. Kain, Notary Pt~bRo
Susqueharma Twp., County
MY ~ ExNires Au9.11, 2M0
We, th undersigned witnesses who signed the foregoing instrument, being duly qualified
according to la ,depose and say that we were present and saw the Testator sign and execute this
instrument as is Will; that he signed and executed it willingly as his free and voluntary act for
the purposes erein expressed; that each of us in his sight and hearing signed the Will as
witnesses, and at to the best of our knowledge, that he was at that time eighteen (18) years or
more of age, of ound mind, and under no constraint or undue influence.
Sworn to or affi ed and ~
Subscribed to be ore me
by ~?~: z c c 2f~v
and -~ _P Witnes
witness s, on n , 2010.
Witn
Notary Public
Notarial Seal
Melissa M. Kai, Public
~ Twp.,
MY~E~ires .1C1a2p~10 $
Main File No. 11-UtlU9 H-1I Yaae #11
APPRAISAL OF REAL PROPERTY
LOCATED AT:
610 Gale Rd
Deed Book 20101 Page 855
Camp HIII, PA 17011
FOR:
David Cox
509 Joyoe Ave.
~I Camp Hill, PA 17011
~I
AS OF:
05!17!2011
~i
~I BY:
Dennis L Stover
PA Certified Residential Real Estate Appraiser
~~ Certification Number RL 138906
Clauser Real Estate Appraisals
PO Box 777
~ Camp Hill, PA 17001-0777
i,
I
Fam GAt - "~linTOTAI" appraisal software by a la mode, inc. -1-800-ALAMODE
it
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Main Fik~ No 11-UBU9 H-11 f aae jY'll
David Cox
509 Joyce Ave.
Camp Hill, PA 17011
Re: Property: 610 Rd
Camp ill, PA 17011
Client David x
Fi{e No.: 11-0809 R-1
In accordance with your r~quest, we have appraised the above referenced property. The report of that appraisal is
attached.
The purpose of this apprail al is to estimate the market value of the property described in this appraisal report, as
improved, in unencumbered fee simple title of ownership.
This report is based on a sisal analysis of the site and improvements, a k>cational analysis of the neighborhood and
city, and an economic anal 's of the market for properties such as the subject. The appraisal was developed and the
report was prepared Ina Irdance with the Uniform Standards of Professional Appraisal Practice.
The value conclusions reed are as of the effective date stated in the body of the report and contingent upon the
certification and limiting {lions aitached.
It has been a pleasure to as~ist you. Please do not hesitate to contact me or any of my staff ff we can be of additional
service to you.
Sincerely,
Dennis L. Stover I
PA State Certified Residential teal Estate Appraiser
Certification Number RL 138
II
mal m rig No 1 i-ueua n-11 rape rrsi
Client David Cox FIeNo. 11-0809 R-1
Pr Address 610 Gale Rd
C' Camp Hill County Cumberland State PA Zp Code 17011
Owtkr ^ The Estate of J. Frederick Co II
TABLE OF CONTENTS
Cover Page ................................:...
Letter of Trammittai _ .....................
Tabb of Contents ...........................
Summary of Salient futures .......,..
USPAP Mentiticatron ...................~..
GP Residential ............................~..
Sub(act Photos ........_ ...................~.
Interior Photos .............................i.
Building Sketch (Page -11 .............
Plat Map ....................................... ~'i
Comparable Plwtos 1-3 .................~
Location Map .................................
Appraisal Addendum -Special Cau
Statemerd of Limiting Conditions ...
Electronk Signaturre Compliance ...
Certificate .......................................
Oualgications .................................
Qualificaticns .................................
Invoice ..........................................
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Form TOCNP - ~~"WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
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~ Marn rue no. 11-unua n-1 i ramie /f 4t
SUMMARY OF SALIENT FEATURES
Subject Address ~; 610 Gale Rd
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Legal Description I Deed Book 20101 Page 855
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City ~~ Camp Hill
Ccunty I~ Cumberland
I
Siate I PA
}.~ Code ~I 17011
Census Tract I 42041-0113.04
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Map Reference I 25420
~f.: i
$ale PIICB ~ $ NA
Date of Sale NA
Client I David Cox
0~~ i The Estate of J. Frederick Cox, 11
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Size (Square Feet) I 2,508
I
Price per Square Foot I $
Locatkrn I Suburban
Age li 22
Cor>ditian I Avg
Totai Roams 19
Bedrooms I4
Baths I3
Appraiser ennis L. Stover
Date of Appraised Value 8/1112011
II
Final Estimate of Value $ 31,5,000
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Form SSD - mTOTAL" appraisal software by a Ia mode, inc. -1-800-ALAMODE
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GEORGE CLAUSER Main rue rlo 11-uaua n-1i race #sr
pPPRA1SAL AND REPbRT IDENTIFICATION
This Appraisal Report is p~§ of the ft}Ilowing types:
^ Self CorRafned (A written teport prepared under Standards Rule 2-2(a) , persuant to the Scope of Work, as disclosed elsewhere in this report.)
®Summary {A written rfeport prepared under Standards Rule 2-2(b) , persuan[ to the Scope of Work, as disclosed elsewhere in this report.)
^ ResMcted Use {A written port prepared under Standards Rule 2-2{c) , persuarR to the Scope of Work, as disclosed elsewhero in this report,
restricted o the stated intended use by the spec'rfied client or irdended user.)
Comments on Standards Rule 2-3
I certify that, to the best of my knowledge and Yelief:
• The statements of tact contained in this are true and correct.
• The repoted analyses, opinions, and carrcius s are limited only by the reported assumptions and limitlng conditions and are my personal, impartial, and unb(ased professional
analyses, opinions, and conclusions,
• I have no (a the specfiied} present w prospedtive interest in the property that is the subject of this report and no (or the specfied) personal interest witir respect to the parties
involved.
• I have ne bias with respect to the property that is the subject of this repel a the parties imrolved vridr this assignment.
• My engagement in this assignment was dot c 'agent upon developing or reportlng predetermined results.
• My compensatlon for completing this assignm nt is not contingent upon the development or repoAktg of a prodatennined value or direction in value tint favors the cause
of the client, the amount of the value opinion, th atlainmerd of a stipulated result, or the occurrence at a subsequent event directly related to the intended use of this appraisal.
• My analyses, opinions and conclusions were veloped and this report has been prepared, inconformity with the Uniform Standards of Professional Appraisal Practice.
• I have made a personal inspection of the props that is the subject of this report
• No one provided significant real property apprai al assistance to the person signing this cemiication. (If there are exceptions, the name of each individual providing signilicard
real property appraisal assistance is stated else a in this report)
Comments on Appraisal nd Report Identification
Note any USPAP related Issues requ flog disclosure and any State mandated requlremarfis:
SCOPE OF WORK
The sco of work for this a sisal is d rued the com 1 of this a sisal assi nment and the re rtt uirements of this a sisal
form inciudi the defin' " of market va a statement of assum ions and limiti conditions and certifications. The a raiser has at a
minimum: 1 ormed a oom late visua ins of the interior and extarar areas of the su ' 2 ins led the nei hbortwod
3 ins ed each of the com ratNe sal from at least the sires 4 researched verified and anal ed data from reliable ublic andlor
'vote sources and 5 has re rted his pal is o 'pions and conclusions in this a isal re rt
The isal is based on the information athered b the a raiser from blic records other identified sources ins ion of the sub'
and ne hbortrood and selection f com table sales within the sub market area. Theo ' lnal source of the com rabies is
shown in the Data source section of the m rket rid ab with the source of confirmation if available. Theo foal source is resented first.
The sources and data are considered relic e. When confilcti infomration was vided the source deemed most regaWe has been used.
Data believed to be unreliable was not loci ed in there rt nor used as a basis for the valuation conclusion.
"THERE WERE NO SERVICES REGARDI G THE SUBJECT PROPERTY PERFORMED BY THE APPRAISER WITHIN THE PRiOR THREE
YEARS AS AN APPRAISER OR IN ANY O HER CAPACITY"
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APPRAISER:
Signature: _~!~ ~C
Name: Dennis L. Stover
Date Signed: Autrust 18. 2011
State Certification a€: RL 1389D6
or State License ~:
State: PA _
Expkation Date of Certfcaton or License: t)6/30120 1 3
Effective Date of Appraisal 05M 7/2011 i
SUPERVISORI- APPRAISER (only if required):
Signature:
Name:
Date Signed:
State Certfication #:
or State License #:
State: -
Expiration Date of Gertification or License:
Supervisory Appraiser inspection of SubJect Property:
^ Did Not ^ Exlerier-only from street ^ Interior and Exterior
Form IDO6 -'IWinTOTAL" appraisal sofhvare by a la mode, inc. -1-800-ALAMODE
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GEORGE CLAUSEfl
RESIDENTIAL APPRAISAL SUMMARY REPORT
Ma n tae No 11-UtlU9 N-11 Yage #til
Summary Report
File No.: 11-0809 R-1
(~ Pro a Address 610 Gale Rd City: Camp Hiil Slate: PA Z Code:17011
=~
Coon :Cumberland Legal Description: Deed Book 20101 Paste 855
Assessa's Parcel #: 10-19-1596-228
Tax Year: 11-12 R.E. Taxes: S 3650 Spacial Assessmerds: S NA Borrower (rf applicable): David Cox
N Current Owner of Retard: The Es to of J. Frederick Cox II Occu ant ^ Owner ^ Tenant ®Vacard ~ Manufactured Hous'
, Pro t T PUD Con 'rdum Coo tlve Other describe HOA: S NA ear r month
"• ,
' Market Area Name: Ham en Tw . Ma Reference: 25420 Census Tract: 42041-0113.04
?': ~ The u se of tfds a ajsal is to Bevel an o 'nion of: MarketVaku as defined , or otlrer of value describe
This report reflects the fo8owin value 8 Cu see camtnetds : Cunartt the Ins action Date is the Effective Date Retros active Pros va
z roaches Bev fa this a ' al: Sales C on oath Cost roach Income roach See Reconcyiation Commerds and Sc of Wak
Pr Ri hts ised: Fee Si le Leasehold Leased Fee Other describe
Intended Use: _fhe intended use oft is a else) r rt is for the clfent to evaluate the propeRy that is the subject of this appraisal to establish a
fair market valve.
Intended Users (by name a type}; intended user of this appraisal report is the client and no other users are intended.
Client: David Cox Address: 509 Jo Ave. Cam Hill PA 17011
A aiser: Dennis L. Stoves Address: P. O. Box 777 Cam Hiil PA 17001-0777
Location: Urban S burban Rural
BuiH up: ^ Over 75% ®2 -75% ^ Under 25% Predominant
~°a~' One-Unlt Houstnp
PRICE AGE Present Land Use
One-Unit 85 % Change {n Lend Use
^ Not Likely
Growth rate: ^ Rapid ® ble ^ Siow ®Owner $(D00} (yrs) 2-4 Unit 5 % ^ Likely' ®In Process'
Property values: ^ Increasing ®St e ^ Declining ^ Tenant 70 low 0 Muttl-Unit 5 % • To: vacant land to
~ : DemanQ/suppiy: ^ Shortage ®In alance ^ Over Supply ®Vacant (0.5%) 1 000 H' 150 Comm'I 5 % residential devebpment
Marketi time: Under 3 Mos, 3- Mos. Over 8 Mos. Vacant > 5% 165 Pred 35 %
c Market Area Boundaries, Description, and M et Conditions ('mcludktg support fa the above characteristics and Rends): Tha subject neisthbortlood Is Hampden
Twp. Shoppi schools and chur es era located within 10-15 minutes of the ro Full service sho i5 available at the Camp Hill
and Ca 'tat C' malls a roximate 10-15 minutes. Public school students attend the Cumberland Valle School District. Empbyment
centers are boated in Harrisbu m Hill York and Mechanicsbu
Market conditions in the su 'ect net hborhood era ronsidered
.
moderately active with low mort Interest rates bet the rime total L Sales in recent weeks have been moderate) active. T tool
financinu for r~idenUal ies in lodes 80°k to 90% loan 1-3 ints 5.5-6.5°~ mo a e interest rates for u to 30 ears. Typical
t E, markeUnst time rs between 30 and d
Dimensions: See Plat Ma Site Area: .31 Acres
Zoning Classification: RS !i Description: Suburban Residential
Zon Com ' ce: Le al L I noncartormi randtatlter N ai Na zonin
~. ; Are CCBRs 'able? Yes Na Unknovm Have the documerds been revlevred? Yes No Ground Rent a pCable ; 1
;~ Highest 6 Best Use as improved: Present use, a Other use (explain)
; ~. Actual Use as of Effective Date; Residentia Use as appraised in this report Residential
~r Summary of Highest & Best Use: The hkah t and best use of the subject is the present use.
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UUlides Public Other ProvidegDesc ' '
~' ElecRicity ® ^ PPL
Gas ® ^ UGt
' Water ® ^ Public ~
• Sanitary Sewer ® ^ Public ~
Storm Sewer Yes Oif-site Imprrnemenq Type Publk frrtvate
Street Macadam ® ^
CurWGutter Concrete ® ^
Sidewapc NA ^ ^
Street Lights NA ^ ^
Abe None Topography Avg
Site Avp
Shape Irresaular/Comer Lot
Drainage Avg
Ylew Av
. Other site elarnants: Inside Lot Comer of Cui de Sac Under pond Utllities Otlter describe
FEMA 'i Flood Harard Area Yes No FEMA Flood Zara X FEMA M # 42041 C0277E FEMA M Data 3/16/2009
Sfte Comments: There are rro a rent ea tyments encroachments s tai assessments slide areas or ill al or 1 al nonconfornling uses
krrown.
General D~alption
# of Urdu One ^ Acc.Untt
# of Stories Two
Type ®Det. ^ Att. ^ Exterior ptbn
Found ' Concrete Block
Exterior Is BriclJAlum
Roof Surf ce Shi le Foanderion
Slab 0
Crawl Space 0
Basement Partial eaeemem None
Area Sq. Ft 1484
% Finished 0
Ceding O n li~8ng
Type FWA
Fuel Gas
Design (Style) Traditional
® Existing ^ Proposed ^ Und.Cons.
Actual Age (Yrs.) 22
Effective A e rs. 15 Gutters & wnspts. Aluminum
Window T DbIHu
SMrm/Scr ns Insulated/Exist Sump Pump ^ NA
Dampness ^ No Evident
Settlement No Evidence
htiestation No Evidence Walls Con Block
Floor Concrete
Outside Entry NA Cooltag
Central %A
Other _
~ Interior Oeaalptlon
Fbors HardwoodlCeramic
Walls Drywall AppN
Refrigera ^
Range(Ov n ® Attic None
Sta'us ^
Drop Stair ® Arnettitka
Fireplace(s) # 1 Woodstove(s) #
Patio Rear Stove Gas Stove Ca Storage Nona
Garage # of cars ( 6 Tot.)
Attach. 3
TrimtFlnish Wood Disposal ® Scuttle ^ Deck Detach.
Bath Floor Ceramic Tile
Dishwasher ®
Doorway ^
Pach _
Btt.-In
Bath Wainscot Fiberolass
FarVHood ~ ^
Fkxx ^
Fence _
Carport
Does Wood
Microwave ®
Heated ^
Pool _
Ddveway 3
WasheUD er Finshed Suriaca Macadam
finished area above ode contains: 9 R s 4 Bedrooms 3 Bath 5 2508 uare Feet of Gross Livin Area Above Grade
i Addtlional features: Dwelli a ears to be in vera a r~nditbn.
Describe the condition of the property ('including physical, unctiaral and external obsolescence): Subject is a traditional style dwellinst in average condition with a
three car a e. Ph tool: De reciation due to a e and condition. Functional: Nona External: No adverse bcational features noted. This
~° re rt is NOT a home ins Uon and the a riser onl rformed a visual ins tbn of accessible area and chat the a reisal cannot be relied
" u n to disclose conditions andlor defects in t e ro
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C Z00
Q~ R ES i D E NTI A,L ~~ by a la mode, inc. This tam may be reproduced umnodnkd wrtlrout written pemdssi°n, however, a la mode, Inc. must ba arknowledpsd and aedited.
Form GPRES2 - rnTOTAI" appraisal software by a la mode, inc. -1.800-ALAMODE .3(20(17
rl
MI am File Na 11-UBUy H-11 Page ~ /I
i2ESID1=NTiAL APPRAISAL SUMMARY REPORT Summary Repoli
FlkNe.: 11-0809 R-1
".`? My research did did not reveal any prior sake or transfers d the suhject pr~erty for the ttrree years pda to the effective date of iMs appraisal.
Data Sources : Cumberland Cown Tax Assessment Office
Q 1 st Prior Sub' ct Sale/Transter
Date: Not in the last Analysis of sakllransfer history andlor any curtent agreement of salellistlng:
Price: three ears.
w Sources : CCTAO
~ 2nd Prior Sub' ct Sale/Transfer
Date:
Price:
` Sources ;
:' SALES COMPARISON APPROACH TO AL OE K The Sales so n ch was not dev fa this a sisal.
FEATURE S T COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
'.
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_ Address 610 Gale Rd
Cam Hip II, PA_17011 'i_____ 107 Little Run Rd
Ca Hik PA 17011 855 Mandy Ln
Cam Hill PA 17011 802 Briarvvood Ln
Cam Hill PA 17011
, Praxim' ro Suti t ,,,,~;~
_ _ .~~
, 0.03 miles NW 0.45 mites NW 0.33 miles N
Sak Pnce
' _
S
! NA i_ r-' ~`
S 320 0t10 _,~ ~5 _ 293 000
_ ~ 3 275 000
Sale PricejGLA S / .ft. 5 125.64 !s .ft ~
~ $ 114.10 /s .ft ' ° S t 15.55 /s ,ft `
Data Sources Ins ion CPML Courthouse Reakor CPML Courthouse Reakor CPML CouRtrouse Reakor
Verification Sources NA Tax Assessment Re cords Tax Assessment Re cords Tax Assessment Re cords
VALUE ADJUSTMENTS DESCRIPT ON DESCRIPTION + - S Ad ust. DESCRIPTION + - S Ad' st DESCRIPTION + - S Ad' st.
Sales or Financing
Concessions NA
NA Conventional
None Krrown Conventional
None Known Conventional
Nona Known
7<' Date of Sate~me NA 6127111 MT 14 8125!10 MT 31 3/4111 MT 35
;:~ R' hts aised Fee Sim le Fee Sim le Fee Stm a Fee Sim le
Location Suburban Suburban Suburbantlrrfetior +5 000 Suburbanilnferior +5 000
r~., Sfte .31 Acres .47 Acres .62 Acres -2 500 .23 Acres
i Ylew Av E ual E ual A Residentia{
'„ Desi n S a Traditional Ca Cod Contem ra Traditional
OuaN IN Construction Good Good Av +5 000 A +5 000
~. A e 22 21 40 +10000 38 +10000
-: CondNon Av ~ Su rior/U ated -5 000 Av A
r: Above Grade Total Bdrms B s Total Brims Baths Total Bdrms Batts Total Bdrms Batts
- Room Count 9 4 8 4 2.5 +3 000 8 4 3 8 4 2.2
Gross Liv Area 2 508 s .ft. 2 547 s .tt. -975 2 568 s .ft, -1 500 2380 5 .ft. +3 200
' Basement & Finished
Roans Bebw Grade Partial Unfinish
Stor Mech ! Fuli Unfinished
Stor/Mech Full Part Finished
Grm/StodMech
-2 000 Full Part Finish
GmUStoriMec:h
-2 000
functwnal A A Av Av
Neatn Cod' GF4VA/CA OFWAlCA GFINA/CA GFWA/CA
x Ene Eirickrdkems Insulation ' Insulation Insulation Insulation
Q Gara e/Ca 3 Car Attached ' 2 Car Attached +2 000 2 Car Attached +2 000 2 Car Attached +2 000
Pach/Patio/Dack Patio DecWPoroh -1 000 Patio PorchJDeck -1 000
a Fire lace 1 FP/1 Gas Stov 1 FP +1 000 1 FP +1 000 1 FP +1 000
z
t~.
K:
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~~ Nat Ad' stmerd Drat
Adjusted Sale Price
of Cant rabies (~-_ ~
I .. ~~
' ~
x +
i ",N ~ ' ~~' '
~~ S -975
S 319 025 + -
~ ~~ "~ ~ `X
~ S 17000
S 310 OOO ~®± _ ~
Nat 8.4,9i~
Gr s i6.% S 23 200
S 298 200
Summary of Saks Ctxnparison Approach
S lee used were all reasonaW similar s le dwelli s in the same nei hborhood and sub ect to
reasonabiv similar amenkies. Adiustme is were based on market extraction arxilor judgment The indicated value range on the above grid
extends from $298,200 to 5319,025. indicated market value Is estimated to be less than the upper end of the value range and at $315,000.
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After an extensive search of avail ble data bases, all three comparable sates used were deemed "BEST AVAILABLE"
~
e
s :~
Indicated Value Sales C A chi 315000
m REST DE NTIAL e~~ 2 7 by a a made, Inc. This Corm may be reproduced unmodeed wlewut wdt~n pertNssWd, however, a Va mode, inc. must ba aclmowledged end created.
Fnfl11 6PRFS9 "IAlinTnT61 " annnical enkwaro by ~ is mnie to __ ~ enn ar aunne 9/"Mn7
ncc~r~c.~-r~e~ e~bRe~cet SIIMMARY REPORT
Mt am ria! nn. i ~-unuy n-~ 1 rBaB ~tfl
Summary Report
cn. Nn ~ 11-nR09 R-1
C05T APPROACH TO VALUE tier The Cost ach was not de for ttds a sisal.
Provide ode oats iniormagon for re ' a' of the togowin cost fi res and calculations.
Support fa the opinion of site value (summary of comparable land sates or other methods for esgmagng site value): Market/CCTAO
" ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SIiE VALUE .._ ......................._._-.--.-_-._...-.--.-..-..-.... _$ 55000
4 Source of costdata: NA DWELLNJG S .R $ _ -- _$
p Qua rag from cost service: NA Effective date of Cost data: NA •k• $ -- - - °$
~ depreciation, etc.):
Comments on Cost Approach (gross Gvi area calculations S .R. S - _$
,
I S .Ft. S
--- _$
_
.. _$
~ Gar G S .R. $ _-. _$
j Total Estimate of Cost-New _.. _$
~ less ical functional External
tattoo =$
~, sated Cost at vements -..-._---.----.-.------.--.---._.-_.- _$
"As-is" Value of Site rovements -_.....-_.--- ...........................- _$
-- _$
_$
Estimated ' ' Economic Lice if u' 40 Years INDICATED VALUE 8Y COST APPROACH .._..-.._.-.-..-...._ ............. =S
INWNE APPROACH TO VALUE The Incana h was not tier fa this teal.
Estimated Market ReM $ A X Gross Recd Mu ' ter NA = $ Indicated Yalua Incarw A
Summary of Income Approach tincluding support fa market rem and GRM):
l
r. O
t
z
PROJECT INFORMATION FOR PUDa It kable The Sub is art of a Plaarod l1Mt Develo ant.
L al Name d Pt '
c Describe common elements and recreational f igges:
I
'; Indicated Value : Sales Com ch S 315000 Cat h OI $ ND Income h (ff tier $ ND
Final ReconclVation insufficient market d to was available to rocess the Income roach. T'he Sales Com rison roach is deemed most
reliable and given realest wet ht
z
~
.
Ties appraisal is made "as is", sub' to completion per plans and specificagals on the basis of a Hypothegcal Condition that the improvements have been
completed, ^ subjeM to the togowing repel a alteragorrs on the basis al a Hypottlegcal Gondigon that the repaks a alteragons have been completed, ~ subject to
the following requked 'inspection based on the aordinary Assumption that the condigon a degciency does not require alteration a repair. If aropertY is sold,
sublect to saUsfacto termite and redo certifications with a aised value based on clear test results.
s This r is also sub' to otlrer H th al Cottditlals andla Extraardina Assum ' sass ciFred in the attached addenda.
?~ Based on the degree of hrspectbn of the property, as Indicated bebw, defined Scope of Work, Statement of Aaumptlons and Lkttltkg CondlUorta,
and Appnkar's CertlUcaUons, my (our} Opin of the Market Value (a other specMNd value type), as deNned frsreM, of the real property tlrtl b the artb)ect
of this tepoR k: S 315,000 , ae oh 05/17!2011 , whkh is the etfectlw date of Ihb appraisal
R fndkaoed abfve, Uda Opinion of Value lea t to HypothaUcN Condklona endltx ExVeordinary Auumptbne Included M thh report See attached addenda.
A hue and complete copy of this report coma's 22 pages, including exhitdts which are cons'Idered an integral part d the report This appraisal report may not be
propedy understood without reference to the irrfo lion contained in the complete report.
Attached Exhibits: i
® Scope of Work ®Llmigng dJCertlticagons ^ Narrative Addendum ®Photograph Addenda ®Sketch Addendum
®Map Addenda ^ Addi4ana15alas ®Cost Addendum ^ Fkxxf Addendum ^ Manut House Addendum
H thegcal Cond'fions Extraadin Assum guns
$sl Client Cordact: Cgerd Name: David Cox
E-Matt: Address: 509 Jo ce Ave
Cam Hill PA 17011
':~
;;,~ APPRAISER
~~ ~
Appraiser Name: Dennis L Stover ;
Company: Clouser Real Estate A sisals ~ .
SUPERVISORY APPRAISER Qf required)
ar CO-APPRAISER (I(appllcabie)
Supervisory a
CaAppraiser Name:
Company:
Phase: (717) 737-7300 Fax: 7 7 730-0922
E-Mail: dstovermax(c~comcast.net I Phone: Fax:
E•Mail:
' '
~~~ Date of Report (Signature): August 16, 2011
License a Cergficagon #: RL 138906 I State: PA
Designation: Date of Repot (Signature):
License a Cartiticagon #: State:
Designaton:
Expiragon Data o(License a Cergficagon: 06130/2 13
Inspecgon of Subject: (X) Interior 6 Exterior Exledor Only ^ None
Date of Ins ' n: 08111 /2011
m RES I DE IVTIAL ~°°~'~"® 7 aY a la rtado. Inc. TMs lam may be r
Form f`,PRFS9 "WmTOTAI' annraieal en(twarn Expkatian Date of License or Cerggcation:
Inspecgon of SubJe:ch ^ Interior b Exterior ^ Exterior Only ^ None
Date of Ins cgon:
epraluced annpdaled wahout wdtlan pemassion, however, a la made, Inc. must be acNnowkdged and cradled.
by ~ la mnAe inn . 1_Arln_al alU(1f1F :t7Jnn7
Subject Photo Page
mam ri rvo n-ueua n- n rase arai
Client David Cox
Address 610 Gale Rd
C' Camp HIII County Cumberland State PA Zip Code 17011
Owner The Estate of J FKederick Cox 11 --
Subject .Front
610 Gale Rd
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
Yarw
Site
Ouapty
age
NA
2,508
9
4
3
Suburban
Avg
.31 Acres
Good
22
Subject Rear
Subject Street
fame PICPIX.SR `WinTOTAL' appraisal software by a la mode, inc. -1-8111)-ALAMODE
I
Main File No 77-U8U9 N-11 Pace #tUi
Interior Photos
Client David Cox
Address 610 Gale Rd
C' Cam Hill Coon Cumberland State PA ti Code 17011
Owner The Estate of J Frederick Cox II --
LIYING ROOM
FAMILY ROOM
MASTER BATH
DINING ROOM
SUN ROOM
-'WinTOTAI" appraisal sottware by a la mode, inc. - i-800-ALAMODE
MASTER BEDROOM
BATH
', : I
4 ~..
_^~._.'~ ~'T
BATH
Building Sketch
Mai ritE~ no n-utwy n-n rage ai n
Client David Cox
R Address 610 Gale Rd
C Camp Hill Cou~Y Cumberland State PA Zip Cafe 17011
Owner The Estate of J. Frederick Cox II
Ma n File No. 11-UBUy H-11 Page ;/1ZI
Piat Map
CBent David Cox
Pr Address 610 Gale Rd
D' Gamp Hill _ County Cumberland State PA Zip Code 17011
Owner The Estate of J. (Frederick Cox, II
y
~^ Y .fpde 196 ~ C~
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Comparable Photo Page
Client David Cox
Pro Address 610 Gale Rd
C' Camp Hill County Cumberland State PA ro Code 17011
Owner The Estate of J Frederick Cox, II
Comparable 1
107 t.ittte Run Ra
Prox to Subject 0.03 mites NW
Sale Price 320,000
Gross Living Area 2,547
Total Rooms 8
Total Bedr~ms 4
Total Bathrooms 2.5
Location Suburban
Ynnv Equal
Site .47 Acres
Quality Good
ago 21
Comparable Z
855 Mandy Ln
Prox. to Subject 0.45 miles NW
Sale Price 293,000
Gross Lmng Area 2,568
Total Rooms 8
Total Bedrooms 4
Total Bahuooms 3
Location Suburbanllnferior
Yrew Equal
Site .82 Acres
Quality Avg
Aga 40
Comparable 3
802 Briarwood Ln
Prox. to Subject 0.33 miles N
Sak Price 275,000
Gross Living Area 2,380
Total Rooms 8
Total Bedrooms 4
Total Bathaooms 2.2
locatbn SuburbaNlnferior
Visw Avg/Residential
Site .23 Acres
Quality Avg
Age 38
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Form PICPIX.CR "WinTOTAL' appraisal software by a la mode, inc. - t-800-ALAMODE
Location Map
Mai m me no i t •utwa n-i i rave ~ wi
Client Davkl Cox
Pr Addnsss 610 Gale Rd
C' Came Hill County Cumberland State PA Tp Code 17011
Owner The Estate of J. Fxrederick Cox II
n the no 71-UtfUy H-11 f+aae #151
Special Conditions File No.11-08(1<J R-1
David Cox
Address 610 Gale Rd
C' Camp Hill Coun<v Cumberland State PA Zo Code 17011
The Estate of ~. Frederick Co 11
SPECIAL CONDITIONS ADDENDUM
The foibwing checked it ms are specific special conditions that were identified by the appraiser during the inspection of the
sub'lect property, the incomparable sales, and their neighborhoods and bcations.
__ 1. The subject is located in a rural area and is less than 25% buiR-up. The condition is
typical and mmon for the area and DOES NOT affect the market value.
X 2. Commercial es are kxated within the subject's neighborhood. These uses are typical
of similar Haig bofioods and DO NOT affect the market value.
X__ 3. Industrial us are located within the subject's neighborhood. Tha presence of
industrial uses is typical for the neighborhood and DOES NOT affect the market value.
X 4. Vacant and u erdeveloped land uses are located within the subject's neighborhood.
These uses ar typical for the area and DO NOT affect the market value.
_X__ 5. The predomina t value in the neighbortwod is teas than that of the market value of the
subject props .This condition DOES NOT have an adverse affect the market value.
__ 6. The subject pro rty is kxated in a F. I. A. Identified Flood Zone.
_- 7. Dampness is tad in the basement of the subject. Standing or running water was not
present on bas ant floor.
_X-- 8. The subject is o der than five(5) years old. Ail mechanical systems including the
heating, electri 1 and plumbing system appears upon a visual exterior inspection to
be in working o er. No warranties are implied in this statement.
_ 9_ The electrical s tam was not connected during inspection.
_ 10. The water servi was not connected during inspection.
11. The heating cyst was shut down during inspection.
_ 12. WeII and septic a common to the area.
J 13. Repair items war noted in the comments section of the report. Theca comments on
repair items are f r descriptive purposes only and are not required repairs. The
repair items are me0c in nature and DO NOT affect the market value.
_ 14, Subject is new co stnrction and was 90°~ completed on date of inspection. Compliance
and completion in pections suggested prior to settlement.
15. Should property sold, termite and radon certifications are suggested, with appraised
value based on cl ar results.
_ 1~i. The land value ex Beds 30% of total value due to the high demand for vacant land in
this neighborhood. This condition is considered common and typical for the
neighborhood and OES NOT affect the market value.
17. The land value exc s 30% of total value. This is due to the large size of the site.
this condition is co sidered to be typical and common and DOES NOT affect there market
value.
_ 18. Individual adjust is were required that exceed 10°~. These adjustments were required
due to the lack of re similar compareWes on that individual rating. Ail three
comparables are th BEST AVAILABLE.
_ 19. Total adjustments a teed 15°!0. This is due to the lack of comparables on that individual
rating. All three co parables era the BEST AVAILABLE.
X_ 20.One or more comps able sales are older than six(6) months old. Although there are
comparable properti s in the subject area, none have solo recently, theretore, sales
in excess of six (8) onths old had to be used.
21. One or more of the parables used were in excess of one(1) mile from the subject
property. Although t ere are comparables in the immediate area, none have sold
recently. Therefore, ' was necessary to use comparable sales outside of the
immediate area. All mparables used are located in similar neighborhoods and within
tMie same marketing a ea. All three comparables used were the BEST AVAILABLE.
_ 22. Roofing certification is suggested.
_ 23. Plumbing certification s suggested.
_ 24. Electrical certification i suggested.
25. Heating cert~cation is uggested.
26. Fkxrd Hazard Insuranc is suggested.
_ 27. Seller is paying part or II of cbsirg cost. This DOES NOT affect the market value.
_X_ 28. All comparable sales a cased sales.
X_ 29. The subject property h snot transfered in the past three years.,
_X_ 30. This appraisal is a Su ary Report vrith complete data retained in appraisal file.
Form SUP -4 "WinTOTAL' appraisal software by a la mode, mc. -1-800-ALAMOOE
in Flle No 11-0809 R-1 f Page #161
DEFiNIT10N OF MARKET YALUE: Tha most probable price which a property should bring in a competitire and open market under all conditions
requisNe to a fair sob, the buyer and seler, each acting prudently, krrowledgeably and assuming the prke is not affected by undue stimulus. Impdctt in this
definition is th consummation of a sale as of a specfed date and the passing of tide from seller to buyer under conditions whereby: (i) buyer and seder are
typicalty motivated; (2) both padies are weN irdormed a waN advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed
fa exposure in the open market; (4 payment is made in terms of cash in U.S. doilazs a in terms of financial artangements comparable thereto; and (5) the price
represents the normal consideration for the properly sold unaffected by special a creative financing a sales concessions* granted by anyone associated wdh
tiro sale.
* Adprstrnents to the coop rabies must be made fa special or creative financing or sales concessions. No adjustments are necessary
fa those costs which are normaNy paid by seNers as a result of hadidon a law in a market area; these costs are readky idendfiabie
since the seder pays the a costs in virh,ady aN sales transactions. Special a creative financing adjustments can be made to the
comparable property by c parisons to financing terms offered by a third party institutional tender that is net already invnNed in the
property or transaction. y adjustment strould not be calculated on a mechanical doNar fa dollar cost of the financing a concessron
but the dollar amount o1 any adjustment shouts approxknate the market's reaction to the financing or concessions based on the
appraiser's judgement.
STATEMENT 'pF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITi1~6 CONDITIONS: The appraiser's cartthcation that appears in tlra appraisal report is subject to the fo8ovdng
conditars:
1. The appraiser vviN not be responsibly for matters of a legal nature that affect eiNrer the property being appraised a the tide to N. The appraiser assumes that
the title is good and marketable and, th~~"'ore, vrill not render any opinions atxwt the title. The property is appraised on the basis of it Doing under responsiblfl
ownership.
2. The appraiser has provided a sketch) in the appraisal report to stxnv approximate dimensions of the improvemards and the sketch is included only to assist
the reader of the report in visuadzing the pr rty and understanding the appraiser's determination of its size.
3. The appraiser has examined the ova' ble flood maps that are provided by dre Federal Emergency Managemerd Agency (or other data sources) and has noted
in the appraisal report whether the subjec site is located in an identified Special Rood Nazard Area. Because the appraiser is not a suneya, he or she makes
no guarantees, express a implied, regarding detemrirratan.
4. The appraiser wNl not give testirtrony appear in court because he a she made an appraisal of the property in question, unless specific arrangemefds to do
so have been made beforehand. ~
5. The appraiser has estimated the value ~ the land in dre cost approach at its highest and Crest use and the improvements at their contributory value. These
separate valuations of the land and im vemerds must not be used in canjunctlon with any other appraisal and are invadd N they are so used.
6. Tha appreiser has rxrted in the appra' al report any adverse condidorrs (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic
substances, etc.) observed durmg the inspec' n of the subject property a that he a she became aware of during the normal research involved in performing
the appraisal. Unless otherwise stated in appraisal report, the appraiser has no knowledge of any hidden a unapparem conditions of ifre property a .
adverse environmental conditions (including presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuabin, and
has assumed that drere are no such con "ons and makes no guarantees or warranties, express or implied, regarding the condition of tiro properly. The
appraiser vrill not be responsible for any su h conditions that do exist a fa any engineering a testing that might tie required to discover whether such
conditions exist. Because the appraiser is not an expert in the field of env(ronmental hazards, the appraisal report must not be considered as an
envkonmental assessmerrt of the property. I
7. The appraiser artafrred the informatan, e~mates, and opinions that were expressed in the appraisal report from sources that he a she considers to be
reliable and believes them to be true and ca ct. The appraiser does not assume responsibility for the accuracy of such Nems that were furnished by other
parties.
8. The appraiser will nor disclose the contat~s of the appraisal report except as provided far in the Uniform Standards of Professional Appraisal Practice.
9. The appraiser has based his or her appr isal report and valuation conclusion for an appraisal that is subject to satlsiactory completion, repairs, or
alterations on the assumption that cortgdetion of the provements w111 be performed in a workmanlike manner.
10. Tha appraiser must provide his or her pri r written consent before the lenderlclient specified in the appraisal report can distdbuta d,e appraisal report
(including conclusions about the property valu , the appraiser's ideality and professional designatbns, and references to any professional appraisal
organizations a the firm with which the appraiser associated} to anyone other than the borrower, the mortgagee or its successors and assigns; the nwrtgage
insurer; consultams; professtonai appraisal agent tlons; any state a federalty approved financial institution; a any department, agency, a instrumentality
of the Urdted States or any state a the District of alumbia; except that the lender(client may distribute the property description section of the report only to data
collectlon a reporting service(s) witlrout having t obtain the appraiser's prior wririen consent The appraiser's written consem and approval must also
be obtained before the appraisal can be con yeti by anyone to the public through advertising, public relations, news, sales, or other media.
nuvrne mac ram via D-y3 I Page 1 of 2
Fannie Mae form 10048 8-93
GEORGE CUtUSER
Form ACR - "WinTOTAt" appraisal software by a la mode, inc. -1-800-ALAMODE
MarnHle n 11-USU9tf-7tYa~e#1rl
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that
1. I have researched the subject marks area and have selected a mkdmum of three recent sales of properties most similar and proximate to the subject properly
for corrsideratron in the sales comparlso anaysis and have made a dolkr adjustment when appropriate to reflect the market reaction to those 'dens of sign~cam
vadadon. tt a significard item in a c arable property is superior to, or more favorable than, the subject property, I have made a negative adjustrnent to reduce
the adjuskd sales price of the tempera and, 'rf a sign'rficant item in a comparable property is iMeriw to, ar less favaaMe than the suDjact property, I have made
a positive adjusthrem to increase the adjus d sales price of the comparable.
2. I have taken into consideration the ta~hrs that have an impact on value in my deveiopmerd of the estimate of market value in the appuaisal report. I have not
knovringly willtheld any significant inform 'on from the appraisal report and {believe, to the Crest of my knowledge, that aN statemerds and iMormation in the
appraisal report are hue and correct.
3. I stated in the appraisal report only m own personal, unbiased, and professional analysis, opfnions, and conclusions, which are subject only io the contkrgerd
and limiting condiflons specified in this form.
4. I have no pre,,erd a prospective inters t in the property chat is the subject to this repod, and i have no present a prospective personal interest ar tries with
respect to the participams in the transactio . I did not base, either partially a completely, my analysis andta the esNmak of market value in the appraisal report
on the race, cokx, religiar, sex, hatralcap, miNai status, ar national origin of either the prospective owners or occupants of the subject property or of the present
owners or occupards at the propeNas m the roily of the subject property.
5. I have no present a contemplated tutur~interest in the subject property, and neittrer my current or future employment nor my compensation for performing Nds
appraisal is contingent on the appraised value the property.
6. I was not requirxl to report a predeterm value a direction in value that favors the cause ai the clierd ar any related parry, the amount of tlrc value estmate,
the adainmem of a specific result, a the oc nence of a subsequem event in ceder to receNe my compensation amUor empbymerrt fa performing the appraisal. 1
did trot base the appraisal report on a requested minimum valuation, a speCiNc valuation, a the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity wi0r the Undorm Standards of Professional Appraisal Practice that were adopted and promulgated Dy the Appraisal
Standards Board of the Appraisal Foundation that were in place as of the affective date of this appraisal, wvidr the exception of the departure provision of those
Standards, which does not apply. I ackrrowl a that an estimate of a reasarable tlme fa exposure in the open market is a condition in the definition of marks! value
and the estimate I developed is consistent ~ the marfreting time noted in the neighborhood section of ttds report, unless I have otherwise stated in the
reconciliatron section.
8. I have personally inspected the interior a exkria areas of the subject property and the exterior of ail properties listed as comparables in the appraisal report
i further certify that f have rroted any apparem or known adverse conditions in the subject improvements, on the subject site, a on any site vrilhin the immediate
vicinity of the subject property of which I am a re and have made adjustmerds fa these adverse conditions in my analysis of the property value to the exterd that
I had market evidence to support them. I have als commented about the effect of the adverse conditions on the markekWitty of the subject property•
9. I personaNy prepared aN conclusicns and opinions about Nre real estak tlrat were set forth th the appraisal report. N I retied ar significant professional
assistance from arty individual or individuals in the performance of the appraisal a the preparation of fire appraisal report, I have nanred such individual(s) and
discbsed the specific tasks performed by them in dre racarciliation section of this appraisal report. l certify that any ind'rvidtral so named is quaNtied to perform
the tasks. I have not avthodted anyone to make a change to any ttem in the report therefore, N an unauthorized change is mad to the apPaisal report, I will take
no resparrsibiNty to N.
S~IPERVISORY APPRAISER'S CERTIFICATION: N a supervisory appraiser signed the appraisal report, fus a she certifes and agrees that
I direcdy supervise the appraiser who prepared th appraisal report, have revievred the appraisal report, agree vdth the statemems and conclusions of the appraiser,
agree tv be bound by the appraiser's certifications nu bared 4 through 7 above, and am taking full responsibiNty to the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 610 Gale Rd, Camo Hill, PA 17011 _
APPRAISER: I, SUPERVISORY APPRAISER {only It( required):
Signature: _~_~,,,~_ ~_~~
Name: Dennis L. Stover
Date Signed: August 16, 2011
State Certification #: RL 138906
a Stork License #:
State: PA
Expiration Date of Certification a License:
Signature:
Name:
Date Signed:
State Certification #:
or State License #:
Stale:
Expiration Date of Certdicatlon a License:
^ Did ^ Did Not Inspect Property
Freddk Mac Form 439 6-93
Fern ACR -
Page 2 vt 2
appraisal software by a W mode, inc. -1.800•ALAMODE
Fann(e Mae Form t 0048 6-93
MIMI afn FFile No 11-0809 R-11 Page,YlBf
Ctnn~turo Cmm~llanr_a c,~. u,. „_nnno a_,
David Cox
Pro art Address 610 Gale Rd
Ci Camp Hill Courrtv Cumberland State PA Zio Code 17011
r The Estate pf J Frederick Cox, II
ELECTRONIC SIGNATURE COMPLIANCE
Wdntotal and Project 2 are fully ASB (Appraisal Standards Board) compliant in their security. The signatures on this
report have not been ai ered in any way and the digital signatures are to be considered as original.
form SUP ~- "Win70TAL" appraisal software by a la mode, inc. -1.800-ALAMOQE
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Ma1L n File !0 11-0809 fl-11 Page #201
Qualiflcatlons
CNent David Cox
Pro Address 610 Gale Rd
C' Camo Hilt Courdy Cumt~erland State PA Zip Code 17011
Owner The Estate of J. 1^rederick Cox II
Dennis L. Stoves, GRI, CSP
PA Certified Residential Real Estate Appraiser
Certification Number RL 13890b
CLAUSER REAL ESTATE APPRAISALS, LLC
PO Box 777
Camp Hill, PA 17001-0777
Phone (71?) 737-7300
Fax (?17) 730.0922
&mail address: datovermax(a3eomcast.net
www~~e appraisals tom
Henisbur~ Area community College
'ate in Business Administration
Gtaduato ealtor Institute
Designation
New H e Sales Professional Coates
P Designation
Institute o Real Estate Studies
SPAP-March 1998
SPAP-January 2002
B 'cs of Residential Valuation & Sales Comparison Approach-Apri12002
'c income Prapaty Valuation-January 2002
vented Incama Property Valuationdanuary 2002
R 'demtiel Construction-September 2002
N 'onal USPAP-September 2003
All co to complete Parmsylvania State Residential CestiScation-
All eontin ' education ceursea to maintain current lioense
Penney] 'a State Certified Resid~tial Reel Estate Appraiser #RL 138906
Ponnayl 'e Real Estate Salesperson- License #RS 150605A
National iation of Realtots®
Pennayly 's Association of Realtors®
Greater 'sburg Association of Realtors®
Form MAP.PLAT I~ "KtnTOTAL"appraisal software by a la mode, inc. -1-800-ALAMODE
I
Main FI No 11-0809 R-11 Page #2tl
Oualiflcations
CFierd David Cox
Pr Address 610 Gale Rd
C' Camo Hill Courtly Cumberland
State PA Zip Code 17011
Owner The Estate of J. Frederick Cox II
-Present PA State Certified Residential Real Estate Appraiser, George C.
Clauser Real Estate Appraisals
-Present Realtor®, Union Realty,lnc., Middletown, PA
-2003 Assistant to the Appraiser, George C. Clausen Reel Estate Appraisals
-2004 Realtor, RFIMAX Realty Professionals, Harrisburg, PA
-1991 Realtor, The Homestead Group Realtor, Middletowa/Harrisburg
3'j(i~- Single Family Residences, Multi-falnily t-4 units, and lard.
samples upon request.
HAVE BEEN COMPLETED FOR:
Adams County Natkxral Bank National Ctty Mortgage
Allied Home Mortgage Capital. Corp. Natkxral Penn Bank
Amerk:hoke Federal Crodft Union Norttrwest Savings Bank
Centric Bank Omega Bank
Community First Fund Orrstown Bank
Fkst Natk>nal Bank- PennsylvaMa State Bank
Flrat Nefklnal Benk of MeryavNle PNC
Fulton Bank Province Bank
Grayatone Bank Prudential Relocation
liarbortoem Mortgage PSP Flnarrclai
IntegrNy Bank Sovereign Bank
Jorlestovrn Bank Stargng Finandal Corp.
Legacy Bank Wac~tovia
M >~ T Bank Wells Fargo
Mellon Bank
Members Firer Fed~ai Credft Union
Mid Penn Bank
Members Fkat Federal Credit Union
Metro Bank
Form MAP.PLA~f - "MnTOTAL"appraisal software by a la mode, inc. - t-800-ALAMODE
IMam FOa Na 11-utwy L-11 raUe #'l l
APPRAfSAL OF REAL PROPERTY
LOCATED AT:
103 Little Run Rd
Deed Book 20101 Page 856
Camp Hili, PA 17011
FOR:
David Cox
509 Joyce Ave.
Camp Hill, PA 17011
AS OF:
08!11/2011
BY:
Dennis L. Stover
PA Certified Residential Real Estate Appraiser
Cert~cation Number RL138906
Clauser Reai Estate Appraisals
PO Box 777
Camp Hill, PA 17001
~"„ u.: a7 'a :eke+o-~Y1FtAled'=~4~rt4i~'~'!>~c
GEORGECLAUSER
Form GA2 "wnTOTAI" appraisal software by a la mode, inc. -1-800-ALAMODE
GEORGE CLAUSER
IY~ tent ~IIC IYU 1 I-VaUO L- 11 ~aYG fI LI
Address
APPRAISAL AND REPORT IDENTIFICATION
Code
This Appratsal Report is tztt4 of the (dlovvhrg types:
^ SeH Cgrrtained (A written report prepared under Standards Rule 2-2(a) , persuant to the Scope of Work, as disclosed elsewhere in this report.)
®Summ~ry (A written report prepared under Standards Rule 2-2(b) , persuantto the Scope d Work, as disclosed elsewhere in this report.)
^ ResMcted Use (A written~report prepared under Standards Rufe 2-2(c) , persuant to the Scope of Work, as disclosed elsewhere in this report,
restdcte to the stated intended use by the specified client or intended user.)
Comments on Standa~~
I certify that, to the best of my knowledge
-the statemerds d fact contained in this
-the reported analyses, opinions, and c
anayses, opinions, and conclusons. II
- i have no (a tl>Is specified) present a pro$~
invdved. III
- I have no bias with respect to the properly i
- my engagement in this assignment was
- my canpensagon fa complegng this assig
cliem, the amount of the value opinion, the att.
- my analyses, opinions, and conclusions w
-1 have made a personal inspection of the p
individuals drd and which individuals did not n
- rw one provided significard real property a{
property appraisal assistance must be stated.)
Rufe 2-3
begef:
rt are tNe and correct.
lesions are Ilmited only by the reported assumpgons and limitlng condifions and are my personal, impartial, and unbiased professional
kderest in the property that is the subject of gds report and no (a the specified) personal irdarest with respect m the parties
tat is the subect of this report a to the parties invohred with this assignmed.
corrgngent upon devaluing a reporting ptedMermared resugs.
rmeni is trot cordingerd upon the devebpmard a repagng of a predetermined vahre a d'aecgon in value that fovea the cause of the
nmerd d a stipulated resuik a the occurrence of a subsequent event directly related to the intended use of this appraisal.
re devebped, and this report has been pr~ared, in conformity wgh the Ungorm Standards d Professional Appraisal Pracgce.
rperty tlrat is the subject d this report. (g more than one person signs this certificagon, the certification must ckady specify which
ke a personal inspection of the appraised property.)
~isai assistance to the person signing gds certification. (g them are excepgons, the name d each individual providing significant real
Comments on Appiraisai~ and Report Identification
Note any USPAP related issues uirirtg disclosure and arryr state mandated t~equlremetfts:
SCOPE OF WORK
The sco of work for this a isal is efined b the com le of this a Tsai ass nment and there uirements of this a sisal
form includi the definition of market lee a statement of assum lions and limiti conditions and certifications. The tsar has at a
minimum: 1 erforrned a com ate via al ins of the intenor and anterior areas of the su ' 2 ins led the net hborhood
3 ins led each of the com raWe s s from at least the scree 4 researched verified and ana ed data from reliable blic andior
'vale sources and 5 has re rted hi anal sis o inions arxf conclusions in this a sat re
The a sisal is based on the informa athered b the a aisar from bl~ records other identified sources ins n of the sub'
o and ne hborhood and selectio of com arable sales witMn the su act market area. The on tool source of the com rebles is
shown in the Data source section of the rket rid a with the source of conflrrnation if available. The on foal source is resented first.
The sources and data are considered ref ble. When confiicti infomration was rovided the source deemed most reliable has been used.
Data believed to be unreliable was not in uded in the rt nor used as a basis for the valuation conclusion.
"THERE WERE NO SERVICES REGAR NG THE SUBJECT PROPERTY PERFORMED BY THE APPRAISER WITHIN THE PRIOR THREE
YEARS AS AN APPRAISER OR IN ANY THER CAPACITY"
I
I
APPRAISER:
Signature: _~ ~ o
Name: Dennis L. Stover
Date Signed: August 16, 2'011
State Certfiication #: RL 138906
a 51ate Ucense #:
State: PA
Expiragon Date cl Certification or license
Eftecgve Date of Appraisal:
SUPERVISORY APPRAISER (only It requlrod):
Signature
Name:
Date Signed:
State Cergficatlon #:
a State License #:
State:
Expiragon Date of Cert~catlon or License:
Supervisory Appraiser nspecgon of Subject Property:
^ Did Not ^ Exterior-only from sUeet ^ Interior and Exterior
Form ID06~- "WinTOTAI" appraisal sottware by a is mode, inc. -1-i30U-ALAMODE
i
GEORGE CLAUSER Mal Frle no 11-unua t.-l l rape a`~r
~ e1-1~11 ea~Re~~e~ SUMMARY REPORT Fl1eNo.: tr-0809E-1
Pro AcMress' 103 Little Rurh Rd City: Camp Hill State: PA Z Code: 17011
+ Coun :Cumberland L I Desc' ' :Deed Book 20101 Page 856
Assessor's Parcel #: 10-20-1848'x400 Tax Year: 11-12 R.E. Taxes: S 660 S ial Assessments: S NA
Market Area Name: Ham en T Ma Reference: 25420 Census TracC 42041-0113.04
Current Owner of Record: The E fate of J. Frederick Co ii Borrower (if applcable): NA
' Pr ' ct T if able : De Minknis PUD Other describe HOA: S r ar trrotWt
Are there any existing improvements to the property? ®No ^ Yes g Yes, indicate current occupancy: ^ Owner ^ Tenant ^ Vacant ^ Not habitable
ti Yes, give a brief description:
The se rd this isal is to Bevel an o ' ion of: Market Value as defined , or other of value describe
This re rt reflects the fo8ow' value ' not Currwd, see comments : Current the {ns 'on Data is the Effective Date Retros Pros ' e
Pr R' Ms lead: Fee k Leasehold Leased Fee Other describe
Irdended Use: The intended use of this sisal re rt is for the lender/client to evaluate the ro that is the sub' of this appraisal to
establish a fair market value.
Intended User(s) (by name or type}: T e intended user of this a sisal r rt is the client and no other users are intended.
Cllent: David Cox Address: 509 Jo a Ave. Cam Hiil PA 17011
A wiser. Uennis L. Stover .Address: P. O. B ox 777 Cam Hill PA 17001-0777
Cha-actaris a
:Location: ^ Urban ® utwfian ^ Rural Predominarrt
~oups~y One-Unfl liouaing
PRICE AGE Preatent Lend Uae
One-Unft 75 % Gharrge in Land Uae
^ Not Likety
Built up: ^ Over 75% ® 5-75% ^ .Under 25% ®Owner S(000) (yrs} 2-4 Unit 5 % ^ likely * ®m Process
Growth rate: ^ Rapid ® ble ^ Slow ^ Tenant 80 Low 1 Mutii-Unit 5 % * Ta: Residential
~~ Property values: ^ Increasing ®S ble ^ Declining ®Vacant (0-5%) 1000 ~ 200 Comm'I 5 % _
Demarrd/supply: ^ Strahge ® Balance ^ Over Supply ^ Vacard (> 5%) 175 Prod 35 Vacant Land 10 %
' Marked time: Under 3 Mos. 3 Mos. Over B Mos. %
Factors Affecting Merketafyppy
itemGood Average Fak Poor N/A Ism Good Average Fair Poor fi/A
Ertq~lo}rnent StabiFty ~ ^ ® ^ ^ ^ Adequacy of UtBities ® ^ ^ ^ ^
Convenience to Employment I ^ ® ^ ^ ^ Property CompatlGNty ® ^ ^ ^ ^
Convenience to Shopping I^ ® ^ ^ ^ Protection from Detrimental Conditions ® ^ ^ ^ ^
Conrenience to Schools ^ ® ^ ^ ^ Police and Flre Protection ® ^ ^ ^ ^
Adequacy of Public Transportation ^ ® ^ ^ ^ General Appeanurce of Properties ® ^ ^ ^ ^
Reaealwnai Facdities A to Market
Market Area Comments: Market cw itions in the s nel hborhood era considered nroderatel active with low mo a interest rates being.
the rime cafe! t. Safes in ratan weeks have been modest active. T 'cal flnarrci for residential "~ includes 80% to 90°!0
k loan 1-3 ints 5.5-6.5% mort a interest rates for u to 30 ears. T ical marked time is between 30 and 90 da s.
%
~
-
I
Dimensions; See Plat Ma Site Area: Acres Acres
Zoning Classglcation: RS Description: Suburban Residential
Do present improvements comply with existing inning requirements? ^ Yes ^ No ®No Improvements
Uses allowed under current zoning: Resid ntial
Are CCBRs applicable? Yes ^ No ® nknown Have the documents been reviewed? Yes No Ground Rent ('d applicable} S _ 1
Comrtants:
Highest & Best Use as improved: Present u e, a Other use (explain}
Actual Use as of Effective Date: Vacant Res' enUal Lot Use as appraised in this report: Vacant Residential Lot
Summary nt Highest & Best Use: The hi he t and best use of this excel would be a sale fora ssible residential buildi lot.
L
UdlHka PubNc Other Rovider/Dascripti
Electricity ® [] PpL
Gas ® ^ Possible
Water ® ^ in street
Sanitary Sewer ® ^ In street
Storm Sewer ® ^ yam,
Telephone ® ^ Yes
Multimedia Yes Oil-afle Improvement type Public Private
Street Macadam ® ^
>fAdth Avera a
Surface Macadam
CurWGufter Concrete ® ^
Sidewalk NA ^ ^
Street Lights NA ^ ^
Abe NA Frontage 90~
Topography Rises steeply from street
Size .27 Acres
Shape Irregular
Drainage Adequate
Vfaw Average
00er site elements: Inside Lot Comer L Cul de Sac Under round Utilifles Other describe
FEMA S 'I Hood Hazard Area Yes No A Hood Zone X FEMA Ma # 42041 C0277E FEMA M Date 3!16/2009
:Site Comments: The lot rises st I from th street. This creates an unusual access roblem. In order to develo this lot to it's tential,
considerable site work would be wired. here era no a arent easements encroachments s ial assessments slide areas or illegalAegal
nonconformirW zoning uses. The site is not in a HUD identified flood hazard area and the lot is irr ular.
I
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ri ham me na r r -uarr~ ~- n r-aye ~r4i
LANDI APPRAI AL SUMMARY REPORT RkNo: 11-0809E-1
My research did cffd rat re eel any prior sales or transfers of the subJect property fa the iMee years price to the effective date of this appraisal.
Data Sources : CCTAO
1st Prig Sub' ct Sale/Transfa Analysis of saleltransier history and/or any cuneM agreement of sateAisting:
Date:
Price:
Source S
2nd Prior Sub' Sale/franster'.
Date:
u : Price:
Sources
FEATl1RE SUBJECT OPER
TY
COMPARABLE N0.1
COMPARABLE N0.2
COMPARABLE N0.3
Address 103 Little Run Rd
Camv Hill, PA 17011
Proxim' >n Sub' t t'
Sale Price S NA 4695 August Dr.
Mechanicsbu
1.59 miles NW
$ 80 000 930 Crandon Way
Mechanicsbu PA 17050
1.67 miles NW
S 75 000
;~ Lot 103 Crandon Farms
Mechanicsbu
1.54 miles NW
f :'~= ; $ ~_ 75 000
Data Source(s)
Verification Source(s)
VALUE ADJUSTMENT Inspection
Tax Assess ant
DESCRI ION Courthouse, MLS, Realtor
Tax Assessment Records
DESCRIPTION +l•I $ Adjust Courthouse, MLS. Realtor
Tax Assessment Records
DESCRIPTION +(-- t Adjust Courthouse, MLS, Realtor
Tax Assessment Records
DESCRIPTION +(-) S Adjust
Sales a Fnancing
Concesswns NA ,
NA None Known
Nona Known None Known
None Known None Known
None Known
Date of SaleJlmre NA 313111 12/1/10 11/3110
Ri is aised Fee Sim le Fee Sim a Fee Sim le Fee Sim e
Location Suburban SuburbaNSu rior -15000 Suburban/Su for -15000 SuburbaNSu rior -15000
Site Area in Acres .27 .18 .24 .26
• `Water in Street In Street in Street In Street
Sewer in Street In Street In Street In Street
To a 5tee from s eat Level -10000 Level -10 000 Level -10000
u~ r' Net Ad'ustrrmnt Dial, in $ + - -25 000 + $ -25 000 ~_+ ~__
' 25 000
'
~ Ad' sled Sak Price in $
55 000
~` ~` ; '
$ 50 000 Net; 3
33 9i,
- , 's ~ /
50 000
' Summary of Sobs Comparison Approach All three sales were closed sales in Cumberland Cotmty All sates were in the Grendon Farms
>sub-division. This is a newer sutrd visio n in Ham en T .There were ra other com rable bt sales in Ham en T . Adiustments were
made for the bcatfon and the to h . Altho h the ad'ustment for to ra h 10000 and the ential site tx~sts ma deter a
five er b a realer a L It should be noted that 105 and 107 I.ItUe Run Rd. have a similar to ra h and then use a common
driveway to access both ro rties. In this case there would not be an additional owner to share the a nse of the site work.
- -- -
Pf10,~CT INFORMATION WR PUDa H The Sub is of a Planned Urdt Dav
Name o- Pro' t:
`Describe comnan elemerds and recreational i 'ides:
krdfcaled Vaitre : Saha C h S 50 000
Rnal Recarcifiatiat All three sales are co idered to be reliable indications of value and are vvei hied simile in the final reconciliation.
Indicated value ra eon the above is from 50 000 to 55 000. Indicated market value is estimated to be 000.
'This appraisal is made "as is", a s ject to the folbwing conditions: The aoPrahal is based uaon the fact that all of the comcarables were in
Hampden Twp. & were sub'ect to real nab! similar amenities. Surve recommended.
This rt is also sub t i4 other N ' ai Condttiars arxVw Fxtraadirta Assu sass ified in the attached addenda.
tiered upon an bupeetlon of the arrbject defined Scope o1 Work, 5tatenrent of AaumpUorn and Umidng Conditions, and Apprelaer'a CertHlcaUona,
my {our) Opfniort of the Market Value (a other speclfhd value lype), as dellrted hereto, of the real property that h the wb)sct of ihh h:
$ 50.000 ot: 05!1712011 , whkh h the efhctiva data of e~ppraleaL
R Mdketsd abov thh ion of Yalue h s t ro 1 Condidorts end a l:xtraerdl Asw m included to thh See attacftad addenda.
A true and complete copy of this report Gorda' s 12 papas, including exh~Its wfiich are considered an irdegrai part of the report. ibis appraisal report may not be
property understood without retererrce to the inf 'on contained in the canplste report, which contains the fogow(ng attached exhibits: ®5cope of Work
®Limitbtg condlCerttfications ^ Narrative Addendum ®Locaton Map(s) ^ Flood Addendum ^ Additional' Sates
Photo Addenda Parcel M 'cal Condfions Extraordkta Ass 'ons
Client Contact CIieM Name: David Cox
E-Mail: Address: 509 Jo Ave. Cam Hill PA 17011
APPRAISER ~
~~'"~J
`~-~"-- ~ <~
Appraiser Name: Dennis L. Siover ~
Company: Clouser Reai Estate A sisals ' SUPERVISORY APPRAISER ((f required)
or CO-APPRAISER (H applicable)
Supervisory a
Co-Appraiser Name:
Canparry;
Phan: (7171737-7300 Fax: 17 730-0922
' E-Mail: dstovermax~comcast.net Phana: fax:
E-MaN:
Date at Report (Signature): Au ust 16 2011
License a Certfication #: RL 138906 State: PA
Designation: Oate of Report (Signature):
License or Certification #: State:
Designation:
. Fxpkaton Date of License a ferification: 06/30/ 013
ktspeclion of Subject ~~ Oid Inspect ^ D' Not Inspect (Desktop)
~ Dale of Ins lion: 08/11!2011 Expiration Date of License or Cer6ficatioh:
Inspection of Suh' t:
lac ^ Did Inspect ^ Did Not Inspect
Date of Ins 'on:
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Plat Man
Clierd David Cox
Pr Address 103 Little Run Btd
C' Camp Hill Courtly Cumberland
Slate PA Zip Code 17011
Owner The Estate of J. Frederick Cox II
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Location Map
CNent David Cox
Pro Address 103 little Run Rd
C' Cam Hill Coun CumBerland State PA 'Code 17011
Owner The Estate of J Frederick Cox II
(Main File No. 11-0809 L-11 Paae #71
IMnndad Ilse ri.u.. ~~_nanor_~
David COX
Pro rtY Address 103 LiiOe Run Rd
C' _ Camp Hill County Cumberland State PA lio Code 17011
The Estate of J Frederick Cox II
INTENDED USE
Tha intended use of tH,is appraisal report is for the IenderlclieM to evaluate the property that is the subject of this appraisal.
INTENDED USER
Tire intended user of this appraisal report is the client and no other users are intended.
SCOPE OF WORK
Tha scope of work fort is appraisal is defined by the complexity of this appraisal assignment and the reporting requiremerrts
of This appraisal form, i uding the following definition of market value, statement of assumptions and limiting cOndiliOns, and
certifications. The appr tsar must, at a minimum: (1) perform a complete visual inspection of the subject property, (2) inspect
the neighborhood, (3) In pact each of the comparable sales from at least the street, (4) research and verify, and analyze data
from reliable public and! r private sources, and (5) report my analysis, opinions, and contusions in this appraisal report.
EXTENT OF APPRAISAL PROCESS
The appraisal is sad on the information gathered by the appraiser from public records, other identified sources,
inspection of the subject party and neighborhood, and selection of comparable sales within the subject market area. The
original source of the co rabies is shown in the Data source section of the market grid, abng with the source of
confirmation, if available. The original source is presented first The sources and data are considered reliable. When
oon8iting information w provided, the source deemed most reliable has been used. Data believed to be unreliable was
not included in the report, r used as a basis for the valuation conclusion.
SOURCE OF THE DEFINITION ON MARKET VALUE
USPAP, 2005 Edition
This definition is from regul bons published by federal regulatory agencies pursuant to Title XI of the Financial Institutions
Reform, Recovery and Enfo cement Act (FIRRFII) of 1989 between July 5, 1990 and August 24, 1990, by the Federal
Reserve System (FRS), Na I Credit Union Administration (LACUNA), Federal Deposit Insurance Corporation (FDIC), Tha
office of Thrift Supervision ( TS), and the Oftica of the Comptroller of the Currency (OCC). This definiton is also referenced
in regulations jointly publish by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and
Evaluation Guidelines, dat October 27, 1994.
Form SUP -~ "WinTOTAL" appraisal software by a la mode, mc. -1-800-ALAMODE
Special Conditions
Mam pile No 11-U8U9 L-11 Paae #81
Pile No.11-0809 L-1
David Cox
Pr Address 103 Little gtun Rd
C Camo Hiil County Cumberland State PA Zio Gods 17011
er The Estate of J. Frederick Cox it
SPECIAL CONDITIONS ADDENDUM
'fhe following checke}i items are spec'fiic speGal condkions that were identified by the appraiser during the inspection of the
subject property, the gncomparable sales, and their neighborhoods and locations.
__ 1. The subjec~ is located in a rural area and is less than 25% built-up. The conditon is
value.
_ 18. Individual adjustm nts were required that exceed 10%. These adjustments were required
due to the lack of re similar comparables on that individual rating. Ail three
comparables are t e BEST AVAILABLE.
_ 19. Total adjustments xceed 15%. This is due to the lack of comparables on that individual
rating. All three mparables are the BEST AVAILABLE.
_X_ 20. One or more camp cable sates are older than six(6) months old. Although there are
comparable props ies in the subject area, none have solo recently, therefore, sales
in excess of six (8) nths old had to be used.
X 21. One or more of the omparables used were in excess of one(1) mile from the subject
property. Although here are comparables in the immediate area, none have sold
recently. Therefore, it was necessary to use comparable sales outside of the
immediate area. Atl comparables used are located in similar neighbortaods and within
the same marketing res. All three comparabies used were the BEST AVAILABLE.
_ 22. Roofing certification i suggested.
23. Plumbing cert~catio is suggested.
- 24. Electrical certification is suggested.
_ 25. Heating certification i suggested.
_ 26. Flood Hazard Insuran a is suggested.
_ 27. Seller is Paying Part o all of closing cost. This DOES NOT affect the market value.
_X_ 28. A.II comparable sales re closed sales.
_X 29. The subject property snot transferred in the past three years.
X_ 30. This appraisal is a Su mary Report with complete data retained in appraisal fits.
Fonn SUP -~ "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
I
I.
typical a common for the area and DOES NOT affect the market value.
_X_ 2. Commerci I uses era located within the subject's neighborhood. These uses are typical
of similar n ighborhoods and DO NOT affect the market value.
_ X_ 3. Industrial u es are located within the subject's neighborhood. The presence of
industrial u es, is typical for the neighborhood and DOES NOT affect the market value.
_X_ 4. Vacant and nderdeveloped land uses are located within the subject's neighboriaod.
These uses re typical for the area and DO NOT affect the market value.
__ 5. The predomi ant value in the neighborhood is less than that of the market value of the
subject pro rty. This condition is due fo the superior qualities of the subject
property as ascribed in this report. This condition DOES NOT affect the market value.
`_ 6. The subject roperty is located in a F. {. A. Identified Fkxxi Zone.
`^ 7. Dampness is noted in the basement of the subject. Standing or running water was not
present on b semenf floor.
v 8. The subject i older than flve(5) years old. All mechanical systems including the
heating, elect 'cal and plumbing system appears upon a visual exterior inspection to
be in working rder. No warranties are implied in this statement.
__ 9. The electrical ystem was rat ~nnected during inspection.
_ 10. The water se Ice was not connected during inspection.
!_ 11. The heating tam was shut down during inspection.
__ 12. Well and septi are common to the area.
__ 13. Repair items w re noted in the comments section of the report. These comments on
repair hems ar for descriptive purposes only and are not required repairs. The
repair Hems ar cosmetic in nature and DO NOT affect the market value.
i 14. Subject is new nstruction and was 90°fo completed on date of inspection. Compliance
and completion 'nspecUons suggested prior to settlement.
,15. Should property be sold, termite and radon certifications are suggested, with appraised
value based on tear resuHs.
_ 16. The land value a seeds 30% of total value due to the high demand for vacant land in
this neighbo .This condition is considered common and typical for the
neighborhood an DOES NOT affect the market value.
17. The land value a seeds 30% of total value. This is due to the large size of the site.
this condition is nsidered to be typical and common and DOES NOT affect there market
r stn Hie No t t-UtlUy t-t I Pane #yi
DEFINRION OF MARKRT VALUE: The most probable price which a property should bring in a competitive and open market undw ag conditions
requisite ,th a tare sale, the buyer and seNw, each acting prudently, krrowledgeably and assuming the price is nnot affected by undue stimulus. Implicit in this
definition is the consummation of a sale as of a speciTied date and the passing of title from seliw to buyer under conditions whereby: (1) buyer and sager era
typically motivated; (2) troN parties are weN intonned or well advised, and each acting in what he considers his own best interest, (3} a reasonable time is albwed
fa exposure in the open market; ()payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price
represerds the normal considers fw the property sold unaffected by special a creative financing a sales concessions* grent~ by anyone associated with
the sale.
• Adjustments to the comp rabies must be made to special or creative financing a sales concessions, No adprsiments are necessary
far those costs which a normagy paid by seNws as a result of traditlvn or law in a market wee; these costs are readgy identifiable
since the seller pays se costs in virtually all sales trarnsactians. Special a creative financing adjustmerds can be made to the
cornpazabk property by c parisons to financing lama offered by a third party msittutionat lender Nat is nat alroady invoved in the
property a transaction. y adjustment should not be caNulated on a mechanical dollaz fa dollw cost at tie financing a concession
but the doNar amount any adjustment should approximate Ne market's reaction to the fmancing a concessions based on Nre
appreiser's judgement. ~
STATEMENTIOF LIM171NG CONDITIONS AND APPRAISER'S CERTIFICATION
CONTiN6ENT AND LiMR1~16 CONDRIONS: The appraisw's certigcatwn Nat appears in the appraisal report is subject to the following
conditions:
1. The appraises wiN not be respons' a is matters of a legal nature Nat affect eithw the property being appraised a the title to g. The appraises assumes Nat
the title is gorM and marketable and, ore, will not render any opinions about the title. The property is appraised on the basis of g being under responsible
ownership.
2. The appraiser has provided a sketc in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist
the readw of the report in visuagzing the party and understandkg the appraisw's determination of its size.
3. The appraiser has examined the ova' able hood maps Nat era provided Dy the f~ederai Emesgency Management Agency (a othw data sources} and has rrotad
in the appraisal report whether the sub' t site is located in an Identified Special Rood Nazard Area. Because the appraiser is not a surveys, he a she makes
no guarantees, express or impged, regardi Nis determination.
4. The appraiser will not give testimony appear in court because he or she made an appraisal of the property in questan, unless specgic anangemerds to do
so have been made beforehand.
5. The appraises has estimated the value of the land In the cost approach at its highest and bast use and the improvements at their contributory value, These
separate valuations of the land and ' rovemenis must not be used in can)unction with any other appraisal and are invalid N Nay are so used,
6. The appraises has noted in the appr isal repel any adverse conditions (such as, needed repairs, de~aciation, the presence of hazardous wastes, toxic
substances, etc.) observed during the ins lion of tie subject property or that he a she became aware bl during the normal research involved in pertamirre
the appraisal. Unless othenvise stated in the appraisal repel, the appraiser has no krwvdedge of any hidden a unapparent condtions of the property a
advesse envkonmental conditions (including the presence of hazardous wastes, tox~ substances, etc.} that would make the property mare a less valuable, and
has assumed Nat there are rno such con " sand makes no guarantees or warranties, express a implied, regarding the condition of the property. Thor
appraises wiH not tre responsible for any uch condiions that do exist a fa arty engineering a testlng that might be required to discoves wheihes such
corrditians exist. Because the appraiser snot an expert in the field of enviraxrneMai hazards, the appraisal repot must not be considered as an
envkonmerdai assessment of the property.
7. Thor appraiser obtained the kdormation, stimaies, and opinions Nat were expressed in the appraisal report from sources Nat he a she considers to be
reliable and begeves them to tie tme aril co The appraiser does not assume responsibility fa the accuracy of such items that were famished by other
parties.
6. The appraiser vriYl not disclose the cont~rds of the appraisal report except as provided for in the Uniform Standards of Professanal Appraisal Practice,
9. The appraises has based his a her ap raisai report and valuation conclusion for an appraisal Nat is subject to satisfactory completion, repairs, a
alterations on the assumption that completion of improvements wig be performed in a workmanNke manner.
10. The appraiser must provide his a her ' r written consent 6eforo the lender/cgent specthedm Ne appraisal report can distribute Ne appraisal report
(including conclusions about the property ue, the appraiser's identity and professional designations, and refesences tc any professbnai appraisal
aganitations a the fine wiN which the apprais r is associated) to anyone othes than the borrower, fine mortgagee a its successes and assigns; the mortgage
insurer; consuttams; prrdessional appraisal ago nations; any state or federally approved financial institution; a any department, agency, a instrumerdality
of the United States a arty state or the District Columbia; except Nat the lenderlclierd map distribute the property description section of Ne report only to data
collection a reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also
be obtained betas the appraise! can be c nveyed by anyone to the public through advertising, pubic relations, news, sales, a other media,
Freddie Mac Form 439 8-93
Page 1 of 2 Fannie Mae Form 10048 6.93
GEORGE CLAUSER
Form AGR ~--'yYnTOTAL" appraisal sottwaro by a la mode, inc. - t-800•ALAMODE
I
Main f ila No 11-0809 L-11 Page #101
APPRAISER'S CERTIFIaATfON: The Appraiser certifies and agrees that
1. I have researched the subject arket area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property
for consideration in the sales comp ' on analysis and have made a do8ar adjustmerd when approprlabe to reflect the market reaction to those items ~ significant
variation. It a signiTtcard item in a omparabla property is superior m, a more favorable than, the subjeet property, 1 have made a negative adjusimerd to reduce
the adjuslecl sales price of the comp rage and, H a signHicard item in a comparable property is irrfedar to, a less favorable than the subject property, I have made
a positive adjustment to increase the jested sales price of the comparable.
2. 1 have taken irdo consideration I factors that have an impact an value kr my devebpment of the estunate of market value in the appraisal report. I have not
knowingly withheld eery significam ' ormation from the appraisal report and I believe, to the best of my knowledge, that all statements and infomration in the
appraisal report are hue acrd correct.
3. I stated in the appreisal report on my own personal, untriased, and processional analysis, opinions, and conclusions, vddch are subject only tc the contingerd
and limiting amditions specified in this t
4. 1 have no present or prospective i Brest in the property that is the subject to this repel, and I have no preserd or prospective personal krterest or bias with
respect to the participards in the trans coon. I did not base, either parliaHy or completely, my analysis andlor the estimate of market value in the appraise{ report
on the race, color, religion, sex, ha p, famiBal status, w national origin ~ either the prospective owners or occupants of the subject property or of the present
owners or occupards of the properties in vicinity of lire subject property.
5. I have no present or cardempiated f re kderest in the subject, property, and neither my currerd or future empbymed nor my compensation for performing this
appraisal is contingent on the appraised v e of dre property.
6. i was rwt required to report a predet fined valve or direction in value that favors the cause of the cHerd or any rdated party, the amount of the value estimate,
the attainmard of a specfifia: result, or the occurrence of a subsequent everd in order to receive my compensation andla employment for performing the appraisal. I
did not base the appraisal report on a raga ed minimum valuation, a specfic valuation, or the need to approve a specific mortgage loan.
7. 1 pedomred this appraisal in conco with the UnHorm Standards of Professional Appraisal Practice that ware adopted and promulgated by the Appraisal
Standards Beard of The Appraisal FOUnda on and that were in place as of the effective date of this appraisal, with the exception of the departure provisiar of those
Standards, which does not appy. I ackno that an estimate of a reasonable time for exposure in the open market is a condition in the deHrdticn at market value
and the estimate I developed is consiste t with the marketing time noted in the neighborhood section of this report, unless i have otherwise stated in the
reconc8iation section.
8. I have personally inspected the interior nd exterior areas of the subject property and the exterior of all properties listed as comparaDles in the appraisal report. .
1 further certify that I have noted any appa or known adverse conditions kr 11re subject Improvements, on the subject site, a on arty site within the immediate
vicinity of the subject property of which 1 a aware and have made adjustments for these adverse cornlitions in my analysis of the property value to the exceed that
I had market evidence to support them. 1 have iso commented about the eltect of the adverse conditions an the marketability of the subect property,
9. I personally prepared all conclusions a d opinions about the real estate that were set fadh in the appraisal report. H I relied on significant processional
assistance from any individual or indiv~uals in the perfonnarice of the appraisal a the praparatan of the appraisal report, I have named such (~vidual(s) and
discrosed the specfic tasks performed by in the reconcHiation section at this appraisal report, I certify that any individual so named is qualified to perform
the tasks. I have not autlwrized anyorre tom e a charge to arty item in the report; therefore, H an unauthorized change is made to the appraisal repatL I vriH take
no responsbility for it.
SUPERVISORY APPRAISER'S CE iFICATiON: H a supervisory appraiser signed Ure appraisal report, he or she certifies and agrees that
I directly supervise the appraiser who prepared appraisal repor4 have revievaed the appraisal report, agree with the statements and conclusions of the appraiser,
agree to be bound by the appraiser's certiTications umbered 4 through 7 above, and am taking cull responsibllHy for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 103 Little Run Rd Cams Hill PA 17011 -
APPRAISER ~ ~I SUPERVISORY APPRAIBER (only If required):
Signature; _-~,! ~~~
Name: Dennis L. Stover
Date Signed: Austust 16, 2011
State Cert"rfication #: RL 136906
a State Ucanse #:
State: PA
Expiration Date of Ceriification or License:
Signature:
Name:
Date Signed:
State Certficaton #:
or State License #:
State:
Expiration Date of Certification or License:
^ Did [] Did Not Mspect Property
neume mac roan 43y u-ya I Page 2 of 2 Fannie Mae Fann 10048 6-93
Form ACR -I"WinTOTAI' appraise{ software by a la mode, inc. -1-800-ALAMODE
p si
STAT&MEri'P ?ERIOD PAGE
APR.29-MAY.27,2011 1 OF 3
00 0 04350M NM 017
J FREDERIC COX II
OR KATHERINE C COX
610 GALE RD
CAMP HILL PA 17011-2031
50927
~ET.sE~TEU ACCUtINT STJ,M~~Y
ACCOUNT ACCOUNT INTEREST EARNED MATURITY ENDING
TYPE NUMBER YEAR-TO-DATE DATE BALANCE
M&T SELECT WITH INT EST 000000028849795 0.25 1,512.31
RELATIONSHIP SAVINGS 015004208557396 0.06 287.92
TOTAL DEPOSITS 1,800.23
ACCOE3~fT:<? J FREDERIC COX II
ffiStT $ T WITH INTE T <i'PI'T"~':<';? : OR KATHE INE C COX
ACCOUNT NO. 288497 5 TRZNDLE ROAD OFFICE
INTEREST EARNED FOR S ATEMENT PERIOD 0.06
arrnin.TT CiiMManV
_BEGZNNENG
i3ALANCE :
OEFOSTTS &
THEI2:ADD ~ S ~+~.vvvs~+.
CHECKS PAID
OT~tER
H CT2.ONS
CUfiRED1't'
T 5"1' L?D
ENDING
NO. AMOUNT NO. AMOUNT NO. AMOUNT
6,356.04 11,003.06 19 12,960.04 it 2,886.81 0.06 1,512.31
arrnrii~im nrmT~rTmv
~'OS'PkNG
OATL'
T SACTI011 L1E TP:TIOit
13EPOSIT5 I'N'4`BREST
& (?'1`HER ADDtTxO S
CI~NCIt~a & fl'PFtER
5 BTRACT.t __
. OA'ILY
8AL E
04-29-11 BEGINNZNG BAL CE $6,356.04
04-29-11 P.~1 TREASURY DE T ANNUITANT 848.16
04-29-11 CHECK NUMBER 5 27 57.63 7,146.57
05-02-11 DFAS-CLEVELAND RET NET 2,011.80
OS-02-11 CHECK NUMBER 5 17 804.96
OS-02-11 CHECK NUMBER 5 31 265.88
OS-02-11 HAMPDEN TOWNSHIP UTIL BILL 150.00
05-02-11 CHECK NUMBER 57 8 91.00 7,846.53
05-03-11 US TREASURY 303 XXSOC SEC 1,325.00
OS-03-11 US TREASURY 303 XXSOC SEC 1,013.00
OS-03-11 GM CARD 2 CHECKPAYMT 000000000005729 519.07
05-03-11 CHECK NUMBER 57 3 86.32 9,579.14
OS-04-11 WEB PMT M&T # 2044443421604998 1,070.32
OS-04-11 CHECK NUMBER 5732 125.00 8,383.82
OS-OS-11 PPL EU ELEC SVC 118.23 8,265.59
p~s~,k
J FREDERIC COX II
OR KATHERINE C COX
arrnrrnrm armT~rTmv
STATF.ktF2`I'i' PERIOD PAGE
APR.29-MAY.27,2011 2 OF 3
P05TZNG
:DA4'E'
T mi N'DE5CR2:' DEPOSI'FS~ I~EItEST
~`' .TI~TfSR ` D2'E!~fiiTQ CHECKS & OTHER
ACT S ' F7AZF,Y
BAi;AD1CE
OS-09-].1 CHECK NUMBE 5734 387.20
OS-09-11 CHECK NUMBE 5737 193.00 7,685.39
05-11-11 JCEHRLICH C INC PEST/LAWN 40.55
OS-11-11 PAWC PAYMEN 23.33 7,621.51
05-12-11 CHECK NUMBE 5722 60.00 7,561.51
OS-13-11 PENN MUTUAL LIFE ACH ENTRY 8Q5.10
05-13-11 CHECK NUMBE 5736 183.00 8,183.61
OS-16-11 CHECK NUMBER 5740 208.00 7,975.61
05-17-11. M&T ATM CASH WITHDRAWAL ON 05!17 240.00
TRINDLE ROAD 3805 TRINDLE RD,CAMP HILL, PA
OS-17-11 NATIONWIDE I S PREM 259.75
OS-17-11 CHECK NUMBER 5739 112.00
OS-17-11 CHECK NUMBER 5738 25.20 7,338.66
05-18-11 VERIZON Paym ntREC 286.51
05-18-11 PENN MUTUAL LIFE INSPAYMENT 41.05 7,011.10
05-23-11 WEB ADV FR HQ 12044443421604998 5,000.00
05-23-11 CHECK NUMBER 747 300.00 11,711.10
OS-24-11 CHECK NUMBER 741 130.63 11,580.47
OS-25-11 CHECK NUMBER 735 200.00 11,360.47
OS-27-11 INTEREST PA 0.06
OS-27-11 CHECK NUMBER 743 5,089.00
OS-27-11 CHECK NUMBER 5744 3,141.22
05-27-11 CHECK NUMBER 5 42 1,500.00
05-27-11 UGI UTILITIES GI BILL 138.00 1,512.31
ENDING BALANCE $1,512.31
- - - -
GFIECIES PRSD
S~3kA4ARY
5717 OS-02-11 I' 804.96 5722* 05-12-11 60.00 5727* 04-29-11 57.63
5728 OS-02-11 I 91.00 5731* 05-02-11 265.88 5732 OS-04-11 125.00
5733 GS-03-11 86.32 5734 OS-09-11 387.20 5735 OS-25-11 200.00
5736 OS-13-11 183.00 5737 05-09-11 193.00 5738 OS-17-11 25.20
5739 OS-17-11 112.00 5740 OS-16-11 208.00 5741 OS-24-11 130.63
5742 OS-27-11 1,500.00 5743 OS-27-11 5,089.00 5744 OS-27-i1 3,141.22
5747* OS-23-11 300.00
ANNUAL PERCENTAGE YIELD EARNED = 0.00 $
i
a
STATEk~ENT PERIOD : PAGE
APR.29-MAY.27,2011 3 OF 3
J FREDERIC COX II
OR KATHERINE C COX
O A SMALL BUSINESS? M&T'S BANKING BUZLT FOR BUSINESS SOLUTION BUNDLES SOME OF
OUR EST BUSINESS BANKING PRODUCTS AND SERVICES INTO ONE CONVENIENT,
CUST MIZABLE PACKAGE. YOU'LL ENJOY EXCLUSIVE BENEFITS AND PREMIUM PERKS THAT ADD
UP T SIGNIFICANT SAVINGS. WE CAN HELP YOU WORK SMARTER, SAVE MORE AND PAY LESS.
TALK TO US TODAY ABOUT BANKING BUILT FOR BUSINESS.
VISIT' YOUR LOCAL M&T BRANCH, OR VISZT US ONLINE AT MTBFORBUSINES5.COM.
ACCOUNT NO. 1500428557396
INTEREST EARNED FOR S ATEMENT PERIOD
0.01
A'CC1)UNT J FREDERIC COX II
TITLE. OR KA HERINE C COX
TRIidDLE ROAD OFFICE
AC"C(ITTATT CiTMMARV
BEGINNING:
BAL;ATYCE
: DEPOSITS &
tQTFfER ADDZT'.ION5
W2fFEDRRWRLS ~<OTH$F2`.
SIiBTFtAE'£fONS
CURRfiNT
INTEREST PAID _.
ENDING
BAI;Ai+iCE
NO. AMOUNT NO. AMOUNT
287.91 0.00 0 0.00 0.01 287.92
AC'CCITTNT ACTT~TTTY
QOSTID?G
DA'P~
T SACT1 N;C189 I .T DEP05I'~tS:~NT~R~~uT
& THER.ADDi'1!2L1rT 'WIARAWATS. &'{J`Ft-~EA
<STiBTRACTI DAILY
`.
04-29-11 BEGINNING BAL CE $287.91
05-27-11 INTEREST PA 0.01 287.92
ENDING BALANCE $287.92
ANNUAL PERCENTAGE YIELD EARNED = 0.04 $
** END OF STATEMENT **
i~~
~=~ P~~vFE~-
PENTAGON FEDER L CREDIT UNION
June 201 2011
PO Box 247009, Omaha, NE 68124-7009
800.247.5626
PenFed.org
Corinne ggers Woodhouse
Hazen E der Law
2000 Lin lestown Rd, Suite 202
Harrisbu g, PA 17110
Re: J. Frederic Cox
Re File #: 876753
Dear Ms. Eggers Woodhouse:
Thank yo for your correspondence of June 8, 2011. We understand there are many things requiring your
attention t this time, but.we do.need your assistance for the necessary documents and information required
for closin the accounts. Please forward the following as soon as possible:
Contact information for Katherine C. Cox.
Our recur s indicate Mr. Cox has a money market savings account and a share certificate that list
Katherine .Cox as the Joint Account holder. Ms. Cox is also listed as the co-borrower on a Pentagon
Federal Vi a card.
We have c mpleted closing procedures on Mr. Cox's individually owned share savings account. The total
proceeds a e enclosed by check, in the amount of $.96, payable to the Estate of J. Frederic Cox.
Our record indicate that Mr. Cox had the following accounts as of May 17, 2011:
• Share Sa ings Account 876753-01-3 individually owned. The account had a principal balance of $.96 with
$.00 in ac rued yet not posted dividends for a total date of death balance of $.96.
• Money Ma ket Savings Account 4146441-03-7 that lists Katherine C. Cox as the Joint Account Holder with
Survivorsh p. The account had a principal balance of $11.50 with $0.00 in accrued yet not posted
dividends r a total date of death balance of $11.50.
» Share Cert ficate 4342707-56-1 that lists Katherine C. Cox as the Joint Account Holder with Survivorship.
The accou t had a principal balance of $1,118.57 with $0.00 in accrued yet not posted dividends for a total
date of dea h balance of $1,118.57.
• Visa Platin m Credit Card 4071540042074873 with Katherine C. Cox as the co-borrower and with a $0.00
balance.
A business rely envelope is enclosed for your convenience. To help us serve you better, please include
the above me tinned account number. If you have any questions, please call us toll-free at 1-800-247-5626.
Erica A. Rineh rt
Estate Accoun s Specialist II
Enclosures
JUG ~ w Llv i~
Av~vA
Aviva life and Annuity Company 7700 Mills Civic Parkway West Des Moines IA 50266-3862
~ Mail Processing Center: P.O. Box 10433 Des Moines IA 50306-0433 Tel 888 266 8489 www.avivausa.com
June 19, 20'~ 1
Hazen Elder Law
Attn: Corrine Woodhouse
2000 Lingles own Road Ste 202
Harrisburg P 17110
Re: Owner Annuitant: J Frederic Cox (deceased)
Policy umber:355329AA1
Dear Ms. Wod~dhouse:
Thank you for your recent request for information regarding the policy referenced above. The
date of death alue for this qualified policy is noted below.
Date of Death: May 17, 2011
Account Value $1,629.38 Z R ~ ~ ups
Beneficiary: Katherine C Cox
Aviva Life and nnuity and its representatives continue to welcome any opportunity to be of
service. Shoul you have additional questions, please do not hesitate to contact our
Customer Serv ce Department at 1-888-266-8489.
Sincerely,
Lalania Jones
Claims Admin
Specialist
J~bd 2 2 2Oii
Aviva USACOrporation Aviva Life and AnnuityCampany ••••~"••••~""~~~~~~~~~~-
Aviva l.ite and Annuity Camparry of New York Aviva Investors North America, Inc.
2002 Buick Yark Avenue Sedan 4D Trade In Values, Reviews -Kelley Blue Book Page 1 of 2
. 2002 Buick Park Avenue
Sedan 4D
Mileage: 51,000 citanye vglt opUOns ctiaegr. styfa!
1 Sete-t Your Car 2 feu lJs Siyle (C>pGtS~'{s'. 3
u.A
See Blue Book Value 4. price your he>Gt car
trey -I spec rrra:~ i.ar fi~irie~ j - used cAr<_ for Sale i
Trade-fin/Sell Values ~~ tJ~d.ar Pra=t
Trade-4n Private Party
ExcellenE GOOd fair
s1,ii~ $6,690 ss.99o
Cnanye condlflon
~..
httpaJwww.kbb.co~buick/park-avenuel2002-buick-park-avenue/sedan-4d/?vehic(eid=34Rt... 7/7/~.~t t
I
~~~ 1 V
~A~~~~~
-ADVISOR , INC.-
INDEPENDENT FINAN L ADVL9ORS
13, 2011
n Elder Law
Corinne Eggers Woodhouse
Linglestown Road, Suite 202
sburg, PA 17110
Estate of J Frederic Cox, II
5W8-957099-H26
Corine:
our phone conversations and your letter of correspondence dated June 8, 2011, please
below the requested information on J. Frederic Cox, II.
nt Number: 5W8-957099-H26
rship of the account: J Frederic Cox, II, Transfer On Death, DTD 04/21/2009
of the account as of May 17, 2011, the date of death:
Shares Price Per Market
Owned Share Value
Dow Chemical Co (DOW) 32 $36.53 $1,168.96
General Electric Co (GE) 2000 $1!).59 $39,180.00
Money Market 1808.930 $1.00 $1,808.93
O May 31, 2011 3 cents was earned as interest on the value of the money market. Mrs.
Ka Brine C. Cox is the sole beneficiary of this account. ~~1e have met with David C. Cox
to omplete all necessary paperwork to transfer 100% of the above mentioned account to
Mr .Katherine C. Cox.
If ~u have any further questions, please let me know.
e M. Howarth
Manager
JUN 1 ~ 2~~d
'---~ v veu u L...1 V
Cc: r. David C. Cox ________________________
600 Trindle Road, Camp Hill, PA 17011! Tel. 717-761-6606! Fax 717-761-7524; www.maslandandbarrick.com
ecurities offered through Walnut Street Securities, Inc.i Member FINRA, SIPC
asland & Barrick Advisory, Inc. and Walnut Street Securities are unaffiliated entities.
~**~~v/~~~~~~~. i
a.••••~ ~•.!~~J.
12883
J FREDERIC COX II
KATHERINE C COX
610 GALE RD
CAMP HILL PA 17011-2031
_. . t -
~ • ~ "~ "'
~~-`
e~: ~-
STATEMENT PERIOD ACCOUNT NUM:
05%16/11 06/14/11 12044443421604'
~_
Home EQuity Line of Credit Account Sw~
Billing Date
Current Due Date 0~
Days in Billing period 0
Amount Billed This Statement $ 1
Over Credit Limit Amount '
Past Due Amount
Draw Penod Expiration Date ~ ~.-,a
Credit Limit ~/
Available Credit $ 200,0
$ 61,8
Finance Charge YT'D $ I , $
ANNUAL PERCENTAGE RATE 2 ~i
4
yr
Previous Balance (OS/1
+ Advances & Debits
- Payments & Credits
+ FINANCE CHART
+ Life Insurance Charg
+ Late Charges
+ Other Charges
New Balance
Periodic Rate
PERCENTAGE RA'
Average Daily Balance
FINANCE CHARGE
Due to APptication of Perie
STATEMENT PERIO);
OS/16/11 06/14/11
ACCOUNT' NUMBER
1204444342:1604998
J FREDERIC COX II
KATHERINE C COX
610 GALE RD
CAMP HILL PA 170]1-2031
TOTAL AMOUNT ENCLOSED IS $
Please make checks payable to:
Please return this stub th your
payment. Thank you.
RATE 1
BASE
l~ $ 134,285.83
$ 5,000.00
$ 1,100.00
$ 311.35
$ 0.00
$ 0.00
- $ ~•UO
$ 138,497.18
0.0075342%
2.7soo%(*~ ~
$ 137,752.76
Rate $ 311.35
81~a = ~~~ 3q?, -~
:$ T,:
TOTAL
$ 134,285.83'~'~l1~
$ 5, 000.00
$ 1,100.00
$ 311.35
$ 0.00
$ 0.00
$ 0.00
$ 138,497.18 ~ ~ ~ 1 "!
M&T BANK
P.O. BOX 62146
BALTIMORE, MD 21264-2146
L12A (6/00) i
~: S i 20~~~0000~: 441.1. ~ 1, a l cn i_ a an.,.
_~