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04-10-13 (2)
1505610140 REV-1 500 EX (01-10) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes INHERITANCE TAX RETURN County Code Year File Number PO BOX 280601 2 1 1 3 0 0 4 8 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 0 1 0 1 2 0 1 3 0 1 2 2 1 9 3 9 Decedent's Last Name Suffix Decedent's First Name MI D U F F Y L O R E T T A B (if Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW 0 1.Original Return 2.Supplemental Return ❑ 3.Remainder Return(date of death prior to 12-13-82) 4.Limited Estate 4a.Future Interest Compromise(date of 5.Federal Estate Tax Return Required death after 12-12-82) ® 6.Decedent Died Testate F1 7.Decedent Maintained a Living Trust 0 8.Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9.Litigation Proceeds Received 10.Spousal Poverty Credit(date of death n 11.Election to tax under Sec.9113(A) between 12-31-91 and 1-1-95) (Attach Sch.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number J OE R . Z U L L I N G E R 717 264 6029 RkJ2jSTER OF WILL&USE ONLY C� t`' f� ref First line of address — C.3 rn 1 4 NORTH MA N STREET . r- rrl © rp 1 ry Second line of address ; CN S U I T 200 ' City or Post Office State ZIP Code =_may_.- GATE FILED ::F - °t C-D C H A M B E R S B U R G PA 1 72 0 1 co � Correspondent's e-mail address: Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, it is true,correct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIG RE R SP IB E FOR FILING RETURN DA TE ADDRESS 7602 KFNYA STREET JACKSONVILLE FL 32208 SIG R F PRE RE RP E N REP I TATIVE T r ADDRE 14 MCWTH MAIN ST T, SUITE 2 0 CHAMBERSBURG PA 17201 PLEASE USE ORIGINAL FORM ONLY Side 1 1505610140 1505610140 t 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name: LORETTA B. DUFFY RECAPITULATION 1. Real Estate(Schedule A) .. ... .... . . ...._ . . . . ..... . . . 1. 1 1 6 5 0 . 0 0 2. Stocks and Bonds(Schedule B) . . . ... . . . . .. .... . . . . . ... . ..... 2. 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) 1 4. Mortgages and Notes Receivable(Schedule D) . . . . . . . . . . .. . . . ... . ... . . .. 4. 5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E)... ... . 5. 2 1 1 9 4 . 8 9 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested 6. 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) ❑ Separate Billing Requested 7. 8. Total Gross Assets(total Lines 1 through 7) . .. . . . . . . . . . . . . . . . . . . . . . . . . 8. 3 2 8 4 4 . 8 9 9. Funeral Expenses and Administrative Costs(Schedule H) . . .... . . . ...... . . 9. 9 7 4 8 . 0 1 10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) ........ . . ... 10. 3 3 . 1 7 11. Total Deductions(total Lines 9 and 10) ... . .......... __ . . ........ . 11. 9 7 8 1 . 1 8 12. Net Value of Estate(Line 8 minus Line 11) .... . . . ..__ . .. ... .. . . .. 12. 2 3 0 6 3 . 7 1 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J) . . . . . . . . . . . . . .. . .. . . . 11 14. Net Value Subject to Tax(Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . . .. . 14. 2 3 0 6 3 . 7 1 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 115. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 (a)(1.2)X.0 _ 0 . 0 0 15. 0 . 0 0 16. Amount of Line 14 taxable at lineal rate X.045 2 3 0 6 3 . 7 1 16. 1 0 3 7 . 8 7 17. Amount of Line 14 taxable at sibling rate X.12 0 . 0 0 17. 0 . 0 0 18. Amount of Line 14 taxable at collateral rate X.15 0 - 0 0 18. 0 . 0 0 19. TAX DUE . . . . . . . . . . . . . . . . . . ... . ....... ...... 19. 1 0 3 7 . 8 7 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑ Side 2 1505610240 1505610240 REV-1500 EX Page 3 File Number Decedent's Complete Address: 21 13 0048 DECEDENTS NAME LO_RETTA B. DUFFY -- _-- —��_—_— —,_i- STREETADDRESS CITY - ----------- --- - i-�- STATE -�'-�- ZIP i- - Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 1,037.87 2. Credits/Payments A.Prior Payments B.Discount 51.89 Total Credits(A+B) (2) 51.89 3. Interest (3) 4. If Line 2 is greater than Line 1+Line 3,enter the difference.This is the OVERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 0,00 5. If Line 1+Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 985.98 Make check payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ............................. ❑ ......................................... nX b. retain the right to designate who shall use the property transferred or its income; ............................... ❑ rXI c. retain a reversionary interest;or ................................................................................................ ❑ nX d. receive the promise for life of either payments,benefits or care? ....................................................... ❑ nX 2. If death occurred after December 12,1982,did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ❑ ❑X 3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her death? ......... ❑ n 4. Did decedent own an individual retirement account,annuity or other non-probate property,which contains a beneficiary designation?.................................................................................................. ❑ nX IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1,1994,and before Jan, 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent[72 P.S.§9116(a)(1.1)(i)]. For dates of death on or after Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S.§9116(a)(1.1)(ii)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1,2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an adoptive parent or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedents lineal beneficiaries is 4.5 percent,except as noted in 72 P.S.§9116(1.2)[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedents siblings is 12 percent[72 P.S.§9116(a)(1.3)].A sibling is defined,under Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption. DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE, RESIDENT DECEDENT ESTATE OF: FILE NUMBER: LORETTA B. DUFFY 21 13 0048 All real property owned solely or as a tenant in common must be reported at hir 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 relevantfacts. Real property that is jointly-owned with right of survivorship must be disclosed on Schedule F. Attach a copy of the settlement sheet if the property has been sold. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER DESCRIPTION OF DEATH I One-half ownership as a tenant in common in real estate with improvements thereon, 11,650.00 situate at 127 Turnpike Road, Newburg, Cumberland County, PA, appraised by Tim L. Ausherman (copy attached)at$23,300.00 TOTAL(Also enter on Line 1,Recapitulation) $ 11,650.00 If more space is needed,use additional sheets of paper of the same size. REV-1508 EX+(08-12) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS 8r MISC. INHERITANCE TAX RETURN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: LORETTA B. DUFFY 21 13 0048 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Account#6106382070, Citizens Bank 19,989.98 2. Account#6243928999, Citizens Bank, including interest 568.51 accrued to date of death 3. Highmark, refund 162.78 4. Church of God, pension benefit paid after death 274.19 5. AARP Credit Card Services, refund of credit balance 199.43 TOTAL(Also enter on Line 5,Recapitulation) $ 21 194.89 If more space is needed,use additional sheets of paper of the same size. REV--1511 EX+(10-09) Pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER LORETTA B. DUFFY 21 13 0048 Decedent's debts must be reported on Schedule L ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Fogelsanger-Bricker Funeral Home, funeral services 7,497.46 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representatives) Street Address City State ZIP Years)Commission Paid: 2. Attorney Fees: Joel R. Zullinger 1,200.00 3, Family Exemption:(If decedent's address is not the same as claimants,attach explanation.) Claimant Street Address City state ZIP Relationship of Claimant to Decedent 4. Probate Fees: JCS fee-23.50; automation -5.00; short certificates-24.00; will- 15.00; 187.50 letters 60.00; inventory- 15.00; inheritance tax return - 15.00; additional probate 30.00 5 Accountant Fees: 6. Tax Return Preparer Fees: 7. Cramer Insurance, premium for fiduciary bond 193.00 8. Adams Electric Cooperative, utilities due 76.31 9. CenturyLink, telephone service 83.24 10. Aegis Security Insurance, homeowners insurance 75.50 11. Darlene M. Kelly, CPA, fee for preparation of income tax returns 110.00 12. Tim L.Ausherman, appraisal of real estate 325.00 TOTAL(Also enter on Line 9,Recapitulation) $ 9,748.01 If more space is needed,use additional sheets of paper of the same size. REV-1512 EX+(12-12) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES$LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER LORETTA B. DUFFY 21 13 0048 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. MSHMC Physicians Group, medical services due 33.17 TOTAL(Also enter on Line 10,Recapitulation) $ 33.17 If more space is needed,insert additional sheets of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: LORETTA B. DUFFY 21 13 0048 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include ouutttnqht spousal distributions and transfers under S. 91'f6(a)(1.2).] 1. Carol A. Hull Lineal 7602 Kenya Street entire residue Jacksonville, FL 32208 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. II. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART H-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ If more space is needed,use additional sheets of paper of the same size, C') 1= - M M C- C) - Cn . z --4 ,ter. � }-' LAST WILL C-) C' ca - 3 ni I, LC)I=A B. DUF Y, of the Township of Fayette, County ofyaJuniata rand Q on- co wealth of Pennsylvania, declare this to be my Last Will and revoke any will previously made by me. ITEM I: I direct that all my just debts, funeral expenses, gravemarker and the costs of the administration of my estate be paid from the assets of my estate as soon as practical after my death. ITEM ii: I direct that all taxes that may be assessed in consequence of my death, of whatever nature and by whatever jurisdiction imposed, shall be paid from the assets of my estate as a part of the administration thereof, to the end that no beneficiary hereunder, or any other person, shall be charged with or required to pay any part of such taxes. ITEM III: I devise and bequeath the residue of my estate of every nature and wherever situate, including any property over which I may now have or hereafter acquire, a power of appointment to my husband, CHARLES H. DUFFY, provided he shall survive me by ninety days. Should my husband, CHARLES H. DUFFY, predecease me or die on or before the ninetieth day following my death I devise and bequeath the residue of my estate of every nature and wherever situate, including any property over which I may now have or hereafter acquire, a power of appointment to my daughter, CAROL A. HULL, of 8426 Highfield Avenue, Jacksonville, Florida, provided that the share of CAROL A. HULL should she predecease me or die on or before the ninetieth day following my death, shall be distributed to her issue, per stirpes, living on the ninety-first day following my death. ITEM N: I authorize and empower my hereinafter named Executor or alter- native Executrix to convert any property that I may own at my death, whether real, Page 1 of 2 Pages a " personal or mixed, at either private or public sale, whichever in his or her opinion is deemed best, hereby vesting in said Executor or alternative Executrix full power and authority to make, execute, acknowledge and deliver good and sufficient deeds or assurances of title therefore. ITEM V: I appoint my husband, CHARLES H. DUFFY, Executor of this my Last Will. Should my husband, CHARD'S H. DUFFY, fail to qualify or cease to act as Executor, I appoint my daughter, CAROL A. HULL, alternative Executrix of this my Last Will. IN WITNESS WHEREOF, I have hereunto set my hand this 149 day of /4' t/ 1991. LORETTA B. DUFFY The preceding instrument, consisting of these two pages, identified by the signature of the Testatrix, the date thereof signed, published and declared by LORE, TA B. DUFFY, the Testatrix herein named, as and for her Last Will, in the presence of us, who, at her request, in her presence, and in the presence of each other, have subscribed our names as witnesses hereto. C Page 2 of 2 Pages Subject Address 127 Turnpike Rd Legal Description Deed Book Vol.00210 page 00093 City Newburg County Cumberland State PA Zp Code 17240 Census Tract 0131.01 Map Reference 25420 Sale Price $ Date of Sale Borrower Estate of Loretta Duffy Client Joel R Zullinger Attorney Size(Square Feet) 576 Price per Square Foot $ Location Average Age 42 Condition Fair-avg Total Rooms 3 Bedrooms 1 Baths 1 Appraiser Tim Ausherman Date of Appraised Value 01/01/2013 Opinion of Value $ 23,300 ❑ Self Contained (A written report prepared under Standards Rule 2-2(a) pursuant to the Scope of Work,as disclosed elsewhere in this report) ® Summary (A written report prepared under Standards Rule 2-2(b) ,pursuant to the Scope of Work,as disclosed elsewhere in this report) ❑ Restricted Use (A written report prepared under Standards Rule 2-2(c) , pursuant to the Scope of Work,as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) Comments on Standards Rule 2-3 1 certify that,to the best of my knowledge and belief: —the statements of fact contained in this report are true and correct. —the reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are my personal,impartial,and unbiased professional analyses,opinions,and conclusions. —I have no(or the specified)present or prospective interest in the property that is the subject of this report and no(or the specified)personal interest with respect to the parties involved. —I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment —my engagement in this assignment was not contingent upon developing or reporting predetermined results. —my compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. —my analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. —I have(or have not)made a personal inspection of the property that is the subject of this report.(If more than one person signs this certification,the certification must clearly specify which individuals did and which individuals did not make a personal inspection of the appraised property.) —no one provided significant real property appraisal assistance to the person signing this certification.Of there are exceptions,the name of each individual providing significant real property appraisal assistance must be stated.) Comments on Appraisal and Report Identification Note any USPAP related issues requiring disclosure and any state mandated requirements: have performed no services,as an appraiser or in any other capacity,regarding the property that is the sub'ect of this report within the past three years. Estimated exposure time 150 days. APPRAISER: SUPERVISORY APPRAISER (only if required): or'vz rAJ Signature: Signature: Name: Tim Ausherman Name: Date Signed: 01/09/2013 Date Signed: State Certification#: GA000149L State Certification#: or State License#: or State License#: State: PA State: FYnintinn nnta of r:ertifirntinn nr I irence' nalgn/gn1'i Fxoiration Date of Certification or License: U! I I 1 pwNuac U uua aNNiaiaai is to uumuN an upimuu ui. L�Aj IVICIROt vacua jaa ucmnsu,w LJ umai tyNc w vcuut:juwouuc This report reflects the following value(if not Current,see comments): ❑Current the Inspection Date is the Effective Date ® Retrospective ❑ Prospective !k Approaches developed for this appraisal: ® Sales Comparison Approach ❑ Cost Approach ❑ Income Approach See Reconciliation Comments and Scope of Work to property Rights Appraised: ® Fee Simple ❑ Leasehold ❑ Leased Fee ❑ Other(describe) mi 'Z1 Intended Use: The intended use is to settle the estate of Loretta Duffy �r a> Intended User s) by name or type): Estate of.Loretta Duf f Client: Joel R Zullin er Attorney Address: 14 North Main Street,310 Chambersburg Trust Co Building,Chambersbur , Appraiser: Tim Ausherman Address: 229 N 2nd Street,Chambersbur , PA 17201 iu' i!I Location: ❑ Urban ®Suburban ❑ Rural Predominant One-Unit Housing Present Land Use Change in Land Use j Built up: ❑ Over 75% ®25-75% ❑ Under 25% Occupancy PRICE AGE One-Unit 40 % Not Likely CI Growth rate: ❑ Rapid ®Stable ❑ Slow ® Owner 98 $(000) (yrs) 2-4 Unit % ❑ Likely* ❑ In Process Property values: ❑ Increasing ®Stable ❑ Declining ®Tenant 2 20 Low new Multi-Unit % *To: Demand/supply: ❑ Shortage ® In Balance ❑ Over Supply ®Vacant(0-5%) 190 High 120 Comm'I % N Marketing time: ❑ Under 3 Mos. ®3-6 Mos. ❑ Over 6 Mos. ❑Vacant(>5%) 80 Pred 50 1 vacant 60%1 a' Market Area Boundaries,Description,and Market Conditions(including support for the above characteristics and trends): Bounded by Roxbury to the west, Newville to the east Shippensburg to the south and Pa turnpike to the north.The subject property is located just outside the small town of Newburg.Population under 300.Other surrounding lands are in agricultural use.Overall market conditions are slow with little demand for F' homes within the area It is common for sellers to assist buyers with closing costs. ov; Dimensions: Irregular Site Area: .52 Zoning Classification: VR Description: Village residential Zoning Compliance: ® Legal ❑ Legal nonconforming grandfathered ❑Illegal ❑ No zoning Are CC&Rs applicable? ❑Yes ❑ No ® Unknown Have the documents been reviewed? ❑Yes ® No Ground Rent if applicable) $ / { Highest&Best Use as improved: ® Present use,or ❑Other use(explain) Actual Use as of Effective Date: residential use Use as appraised in this report: residential , i Summary of Highest&Best Use: residential use Utilities Public Other Provider/Description Off-site Improvements Type Public Private Topography rolling Electricity ® F1 Street asphalt ® E] Size above average Gas ❑ ❑ Curb/Gutter None ❑ ❑ Shape Irregular ray Water ❑ ® well Sidewalk none ❑ ❑ Drainage adequate !' Sardtary Sewer ❑ ® se tic tank Street Lights none ❑ ❑ view Average i� Storm Sewer ❑ ❑ Alley none ❑ ❑ Other site elements: ® Inside Lot ❑ Corner Lot ❑ Cul de Sac ❑ Underground Utilities ❑ Other describe FEMA Spec'I Flood Hazard Area ❑Yes ® No FEMA Flood Zone X FEMA Map#42041 G01 65E FEMA Map Date 03/16/2009 Site Comments: Site is gently rolling General Description Exterior Description Foundation Basement ® None Heating Fha #of Units 1 ❑Acc.Unit Foundation None Slab no Area Sq.Ft Type Fha jl #of Stories 1 Exterior Walls Metal Crawl Space yes %Finished Fuel oil Type ® Det. ❑ Att. F1 Roof Surface Metal Basement no Ceiling Design(Style) Mobile home Gutters&Dwnspts.None Sump Pump ❑ Walls Cooling no 4; ®Existing ❑Proposed ❑Und.Cons. Window Type Casement Dampness ❑ Floor Central no Actual Age(Yrs.) 42 Storm/Screens yes Settlement None obs Outside Entry Other Effective Age(Yrs.) 25 Infestation Unknown 2! Interior Description Appliances Attic ®None Amenities Car Storage ® None > Floors Clot vin/avg Refrigerator R Stairs ❑ Fireplace(s)# 0 Woodstove(s)# 0 Garage #of cars ( Tot.) ' Walls anel/av Range/Oven R Drop Stair ❑ Patio None Attach. TrirniFinish wood/avg Disposal ❑ Scuttle ❑ Deck none Detach. �i Bath Floor vin/avg Dishwasher ❑ Doorway ❑ Porch Enc Porch Blt.In Bath Wainscot Fiber a.as/av Fan/Hood ❑ Floor ❑ Fence none Carport Doors hollc/avg Microwave ❑ Heated ❑ Pool none Driveway Washer/Dryer ❑ Finished ❑ Surface stone 0' area above grade contains: 3 Rooms 1 Bedrooms 1 Baths 576 Square Feet of Gross Living Area Above Grade Additional features: Enclosed front porch a t�1 " Describe the condition of the property(including physical,functional and extemal obsolescence): Overall condition of the subject property is fair-average. Subiect propertv has an old shed that is in need of removal. UaLru. Price: Sources–:- 'SALES COMPARISON APPROACH TO VALUE if The Sales Comparis-n Approach was not developed for this appraisal. COMPARABLE SALE#2 COMPARABLE SALE#3 FEATURE SUBJECT COMPARABLE SALE#1 Address 127 Turnpike Rd 248 Goodhart Rd 3502 Williamson Rd 250 Garman Dr Newbu 17240 Shi ensbuM Pa 17257 Greencastle PA 17225 Chambersburg PA 17201 pp 8.02 miles Proximity to Subject SE — 21.27 miles SW 15.67 miles S fl 171 ,1111 i, k 11$ --io—,000 $ Sale Price 55,000 52,000 Sale PdWGLA $ /sq.ft.$ 18 Data Sources MLS MRIS#CB7806459 MRIS#FL7912791 MRIS#FL7886324 KI Verification Source(s) Courthouse Courthouse Courthouse Courthouse i DESCRIPTION $Adjust. - $Adjust. DESCRIPTION + VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + Sales or Financing Cash Cash Cash Concessions 10/23/2012 '[Date of Sale/Time 08/15/2012 11/30/2012 Date Fee Simple Fee Simple Fee Simple Fee Simple Location Average Average Average Averaqe Site .49 Acre Sifte .52 acre .75 acre -1,000 .49 Acre View Average Average —Averaqe Average___ Design Style Mobile home Mobile home Mobile home Mobile home— Quality of Construction MetaVavg._ Metal/avq Metal/ay MetaVavg _ 22 -5,000 Age 42 41 41 +15,000 Good — -7,500 Condition Fair-a Good -7,500 Poor Bdrms Baths Total Bdrms Total Bdrms Baths Total Bdrms Baths Above Grade Total -- — Room Count 3 1 1 4 1 2 1 ..J.-- — 5 3 1 — 4 2 2 -51000 i Gross Living Area 576 sq.ft. 984 sq.ft. -8,160 1,058 sq-ft- -9,640 1,120 sq.ft. Basement&Finished No foundation Foundation -5,000 No foundation No foundation Rooms Below Grade N/A Averaqe Functional Utility Average Average Average Heating/Cooling Fha/none Fhalnone --Fha/ac -2,000 Fhalnone I Energy Efficient Items None None None None -10,000 Garage/Carport Shed 2 car garage -10,0 2 car garage fair -5,000 2 car garage Porch/Patio/Deck Porch Porch Porch Porch Kitchen Std kitchen Std r kitchen Std r kitchen Std r kitchen ' Fire—place _ None None None None Other None None— None None Not Adjustment + -31,660 ❑ + -11,640 + -27,500 i gr Adjusted Sale Price ��u4 ilk$ 24,500 18,3( of arables ��,�1,� 11 11 1001"1 1 23,340 Summary of Sales Comparison Approach comparable sales are over 1 mile however represent the best most recent comparable sales within the marketplace comparable to the subject property.Few sales e)dst similar to the subject property.The subject property would appeal to a very limited market due to size,condition and location.The as is value of the mobile home would be$2500.The follovving sales assisted in establisin the value of the mobile home 5400 Lincoln Way East Fayetteville$6000 45 year old mobile home 1000 sq ft. 15 Peiper Court Carlisle$7000 840 sq ft 2 bedroom home 1977. Ir ESTIMATED ❑ REPRODUCTION OR ❑REPLACEMENT COST NEW OPINION OF SITE VALUE_------____-- _.-_- -- _=$ aSource of cost data: DWELLING Sq.R.@$ _ =$ Quality rating from cost service. Effective date of cost data: Sq.R.@$ __ -- =$ Comments on Cost Approach(gross living area calculations,depreciation,etc.): Sq.R,@$ ___ =$ Sq.R.@$ =$ ', Sq.Ft.@$ — =$ $ Garage/Carport Sq.R.@$ _ _$ Total Estimate of Cost-New _$ Less Physical Functional E)demal Depreciation I =$ Depreciated Cost of Improvements --___---------------------------------- --- =$ "As-is"Value of Site Improvements__---_------------------------ -------- =$ �! Estimated Remaining Economic Life(f required): 50 Years INDICATED VALUE BY COST APPROACH-_------------____-------_-----_ _$ "INCOME APPROACH TO VALUE if developed) The Income Approach was not developed for this appraisal. Estimated Monthly Market Rent$ X Gross Rent Multiplier =$ Indicated Value by Income Approach Summary of Income Approach (including support for market rent and GRM): PROJECT INFORMATION FOR PUDs if applicable) ❑The Subject is part of a Planned Unit Development. Legal Name of Project Describe common elements and recreational facilities: Indicated Value by:Sales Comparison Approach$23,300 Cost Approach(if developed)$N/A Income Approach(if developed)$ Final Reconciliation Emphasis was placed on the sales comparison approach to value which is best reflective of market value.Cost approach was not developed due to the age of the improvements and amount of depreciation that is taken place Income approach was not developed due to lack of single family home rentals sold neccessary to establish a GRM.Appraisal is based upon an exterjor inspection of the subject property. t This appraisal is made® "as is", ❑ subject to completion per plans and specifications on the basis of a Hypothetical Condition that the improvements have been µ ' completed, ❑subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed, ❑ subject to the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair: ❑This report is also subject to other Hypothetical Conditions and/or Extraordinary Assumptions as specified in the attached addenda. Based on the degree of inspection of the subject property,as indicated below,defined Scope of Work, Statement of Assumptions and Limiting Conditions, and Appraiser's Certifications,my(our)Opinion of the Market Value(or other specified value type), as defined herein, of the real property that is the subject of this report is: $ 23,300 ,as of: 01101/2013 , which is the effective date of this appraisal. If indicated above,this Opinion of Value is subject to Hypothetical Conditions and/or Extraordinary Assumptions Included in this report. See attached addenda. A true and complete copy of this report contains 3 pages, including exhibits which are considered an integral art of the report. This appraisal report may not be j' 9 A P Pp p Y properly understood without reference to the information contained in the complete report. Attached Exhibits: ❑ Scope of Work ® Limiting Cond4ertifications ❑ Narrative Addendum ® Photograph Addenda M Sketch Addendum ® Map Addenda ❑ Additional Sales ❑ Cost Addendum ❑ Flood Addendum ❑ Marwf.House Addendum fP, ❑ Hypothetical Conditions ❑ Extraordinary Assumptions ❑ ❑ ❑ Client Contact: Client Name: Joel R Zullinger Attomey E-Mail: Address: 14 North Main Street,310 Charribersburg Trust Co Building,Chambersl APPRAISER SUPERVISORY APPRAISER(if required) or CO-APPRAISER (if applicable) Supervisory or Appraiser Name: Tim A herman Co-Appraiser Name: Company: Ausherman Bros.Real Estate Inc Company: Phone: (717)264-6715 x202 Fax: (717)264-4973 Phone: Fax: E-Mail: timappr@pa.net E-Mail: Date of Report(Signature): January 09,2013 Date of Report(Signature): is — ilia appiaioci may iiava Niuviucu a orGLUIl ni uia aNNiOwal icNun w anuvv apNiunnnaia unncnaiuna ui uic niiNiuvcuianw, Onu Oily auuii ancwn is included only to assist the reader of the report in visualizing the property and understanding the appraisers determination of its size. Unless '!! otherwise indicated, a Land Survey was not performed. —If so indicated,the appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. —The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless specific arrangements to do so have been made beforehand. i —If the cost approach is included in this appraisal,the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value.These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated,the cost approach value is not an insurance value, and should not be used as such. I —The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation,the presence of hazardous wastes,toxic substances,etc.) observed during the inspection of the subject property,or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report,the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to,the presence of hazardous wastes,toxic substances, etc.)that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property.The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards,the appraisal report must not be considered as an environmental assessment of ' = the property. —The appraiser obtained the information,estimates, and opinions that were expressed in the appraisal report from sources that he or she y considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. —The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice,and any applicable federal,state or local laws. —If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations,the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. —An appraiser's client is the party(or parties)who engage an appraiser in a specific assignment.Any other parry acquiring this report from the client does not become a party to the appraiser-client relationship.Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment. —The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public,through advertising, public relations,news, sales, or by means of any other media,or by its inclusion in a private or public database. —An appraisal of real property is not a'home inspection'and should not be construed as such.As part of the valuation process,the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent.The presence of such conditions or defects could adversely affect the appraiser's opinion of value.Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate. The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results,given the nature of the appraisal problem,the specific requirements of the intended user(s)and the intended use of the appraisal report.Reliance upon this report,regardless of how acquired,by any party or for any use,other than those specified in this report by the Appraiser,is prohibited.The Opinion of Value that is the conclusion of this report is credible only within the context of the Scope of Work, Effective Date,the Date of Report,the Intended User(s),the Intended Use,the stated Assumptions and Limiting Conditions,any Hypothetical Conditions and/or Extraordinary Assumptions,and the Type of Value,as defined herein.The appraiser,appraisal firm,and related parties assume no obligation,liability,or accountability,and will not be responsible for any unauthorized use of this report or its conclusions. Additional Comments(Scope of Work,Extraordinary Assumptions,Hypothetical Conditions,etc.): i r K uic icNuncu aaauuiNuuna aiw mnuniy uuiiuiuuiia, anu air;lily Nciaunai, unyaauai,miu unuiaacu Niuicaawiiai anaiyaua, uNnuuna, anu uUnuluaiuiia. —I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties t. involved: —Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. —I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. —My engagement in this assignment was not contingent upon developing or reporting predetermined results. —My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction j in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. —My analyses,opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. —I did not base,either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race,color, religion, sex,handicap,familial status,or national origin of either the prospective owners or occupants of the subject property,or of the present owners or occupants of the properties in the vicinity of the subject property. —Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. f —Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s)signing this certification. i` Additional Certifications: 'j 's DEFINITION OF MARKET VALUE*: Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale,the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. !' Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. Buyer and seller are typically motivated; 2. Both parties are well informed or well advised and acting in what they consider their own best interests; 3. A reasonable time is allowed for exposure in the open market; 4. Payment is made in terms of cash in U.S.dollars or in terms of financial arrangements comparable thereto; and 5.The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. *This definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act(FIRREA) of 1989 between July 5, 1990, and August 24, 1990,by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC),the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency(OCC).This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994. ' Client Contact: Client Name: Joel R Zullinger Attorney E Mail: Address: 14 North Main Street,310 Charribersburg Trust Co Building,Chambersl APPRAISER S U PERM SORY APPRAISER(if required) ' or CO-APPRAISER (if applicable) 074; Supervisory or Appraiser Name: Tim A sherman Co-Appraiser Name: Company: Ausherman Bros. Real Estate Inc Company: Phone: (717)264-6715 x202 Fax: (717)264-4973 Phone: Fax: E-Mail: bmappr @pa.net E-Mail: nata Rannrt Sinnad• lani mry n4 9n A nate Renort Sinned- 1 4° a h Y v 1 S� ''' "Ts'•.. `�'y`"�►�ti_ `,tea, �,in•.a.`�1 A , 7v� /' v� �. .wr �, gw xe wo A It a. .- x1i�5t�1N�1Ri 127 Turnpike Rd Sales Price Gross Living Area 576 Total Rooms 3 Total Bedrooms 1 Total Bathrooms 1 Location Average View Average Site .52 acre Quality Metal/avg Age 42 Subject bath r; �z q, Subject kitchen i x ,�}�.��/! � RF' m_emt.tCl�c". �a: 3 Y. S cn.��aF p �R ,.__,. .,. .. z ,rt,�;(Y � ..„, s. �.;,.',, d �" f �. vv■■■pa�■s■w■v ■ 248 Goodhart Rd Prox to Subject 8.02 miles SE Sales Price 55,000 Gross Living Area 984 Total Rooms 4 Total Bedrooms 2 I ° Total Bathrooms 1 Location Average View Average �+ Site .75 acre Quality Metal/avg Age 41 Comparable 2 3502 Williamson Rd Prox to Subject 21.27 miles SW Sales Price 20,000 Gross Living Area 1,058 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1 Location Average View Average Site .49 Acre Quality Metal/avg Age 41 Comparable 3 250 Garman Dr Prox to Subject 15.67 miles S Sales Price 52,000 Gross Living Area 1,120 a Total Rooms 4 " Total Bedrooms 2 i„ Total Bathrooms 2 Location Average View Average Site .49 Acre Quality Metal/avg Age 22 a la made, inc. Saville vineyitH Blacklog 4a Honey Grove-' fonRab`nv,n ton Iton Pine Grove Ellio East Waterford �a Cross Keys "Shtirrtas+sja%LeY.Rd:LoysvilEe Mill Seyoc Blain:- ' Sal1e'1 Rd i 274.: 'Center c? " �M; $bl Square Doubling Gap' Blairs Mills' -- o td New Germantown .Concord -Lower Fra McCrea Blosservitle Towns #s Nossville Doylesburg 4y Upper Mifflin ` ovmship _.- - A p p a l a c h i a n t .i� �'� ��(� 4 127 Turnpike 'r Dry Run Amberson Newville 4 _ eelyton ' ,r IMtounttock Spring Run �,�er" ... r creerrs4� Lurgan Newburg 16 1 too/ oakviII4 r 497 chti ��d9e Dickinson. ttloW Hill i{r' s Lu an Township a]nut ,. Batton) ettsburg X733 Mongul Pleasant Hall Shippensburg Letterkenny Army Depot PineGrcf F R A N K L I N Rom thap b t •. To Sma shim •• ' •s• • • ' ! 3.02 miles SE etwrlleftd'- Edenvilte , .- ketovm ` ..;6hamliersbur � %` rxHw1°' �nfo/rt Caledenig k State Arendts St_Tliomas Fayetteville Park � 30 a��betxburg 8d 5 Mum i Comparable 30 ti Comparable urt( 3502 LVillia-tiksoc, .d 48' Bath I<Jtchen Living Room Bedroom ZO Enclosed Porch 1 co 37' ` AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN Code'' Description Net Size Net Totals Breakdown Subtotals GLAl First Floor 576.0 576.0 First Floor P/P Porch 296.0 296.0 12.0 x 48.0 576.0 Net LIVABLE Area (rounded) 576 1 Item (rounded) 576 First Floor GLA1 Porch P/P 12.0 x 48.0 = 576.0 8.0 x 37.0 = 296.0 Area total(rounded) = 576 Area total(rounded) = 296 JRZ - 5 . 1 williamson.wil September 28, 1999 (,�� THIS DEED '�--� Tax Parcel ID Iu.ALE this /,?—",Ida, -Ii of Between GEORGE L. WILLIAMSON, widower. , of Hopewell Township, Cumberland County, Pennsylvania, hereinafter whether one or more referred to as "GRANTOR, " And NORMAN F . 4ILLIAMSON of Shippensburg, Pennsylvania, and LORETTA B. DUh'FY of Newburg, Pennsylvania, hereinafter whether one or more referred to as "GRANTEE, " WITNESSETH, that in consideration of the sum of one ($1 . 00) Dollar, in hand paid, the receipt whereof is hereby acknowledged, the said Grantor does hereby grant and convey in fee simple to said Grantee, an undivided one-half interest each, as tenants in common ALL the following described reai estate lying and being situate 1T1 Hopevae.11 ?'t:`S/d15'filp, �"�lmk)er'_ctn� <..'�5.1�1-.j/; .T12"t 1Va- more partic.alarly described as follows : BEGINNING at a point in the center of the road known as Legislative Route 21044 ; thence in an easterly direction along the land now or formerly of Paul Dunlap, being a private lane or road, a distance of 150 feet to a point; thence in a southerly direction a distance of 150 feet to a point; thence in a westerly direction. a distance of 150 feet to a point in the center of the above-named road; thence in a northerly direction along said named road a distance of 150 feet to the place of beginning. T! 1 E aho- descr2.!^e d —_a1 C s t._c:_.= s.0 �.i. _ =ill v__� ii .'� i?U G. Miley and Eva M. Miley, his wife, by deed dated November 10, 1961, recorded in 'Cumberland County, Pa. , Deed Book J, Volume 20, Page 404, conveyed to George L. Williamson and Blanche A. Williamson, his wife . The said Blanche A. Williamson died May 13 , 1999, thus vesting complete title in George L. Williamson, the Grantor herein. THIS is a transfer between parent and children and thus exempt from realty transfer tax. AND the said- Grantor hereby warrants_='specially` the property .0 9 herein conveyed. IN WITNESS WHEREOF, the said Grantor does hereby set his hand and seal the day and year first above written. (b Witness : _(Seal) STATE OF PENNSYLVANIA: COUNTY OF On tbis t, 1� 1, t _. - r fore ii e je the undersigned officer, p-rsonally appeared George L. Williamson, known to me (or satisfactorily- proven) to be the person whose name is subscribed to the within instrument, and acknowledged the foregoing deed to be his act and deed and desired the same to be recorded as such. Witness my hand and official seal the day and year ,fix ' '+ � written. NOTARIAL SEAL. HAMILTON C.DAVIS,Notary Public -r V Shippensburg Boro Cumbertaod County o t,ar j Pub L c M Commission Expires Sept.22,2000 f K`f�iu : A I hereby certify that Grantee' s precise residence and P�'�' s office address is : 401'e ib&� 0- & Nedbwz )919 r ?2 y Q .S , e�u�>L.�r P 172 Dated: Slate of Penns lvania ti Y y� 6,. County of Cumberland I $f fn ih+u ff9!;e for tilE i e( r111 C 0 MV � �, �r '�.��.- �et� .c urrhe,lardCourty, �� •� r�{ ra � c� �aS rCKr b r z r I;UC��{�_Vol. Page © � c� �7 eye a l a 1 rnr rys fi}3y Land anA seal of office of ( l`' rl}-NR .� Y,{` � °i9 PA this day of TER C Cam' t}� rder pp^� i izens Bank , Account Number 6106382070 Account Title Loretta B Duffy Date Opened 5/9/2002 Account Type Checking Principal Balance as of DOD $19989.98 Interest from Last Posting to DOD $ .00 Account Balance as of DOD $19989.98 YTD Interest to DOD $ .00 cm i izens Bank , Account Number 6243928999 Account Title Loretta B Duffy Date Opened 9/8/2003 Account Type Savings Principal Balance as of DOD $568.50 Interest from Last Posting to DOD $ .O1 Account Balance as of DOD $568.51 YTD Interest to DOD $ .00 y O C) " cl �o nn O F" O w N F+ G m cn (Dxa n 3 r ro N a °a .p cn 0 w (D Z Z H 0 � M CD n `C cn a CD�~"' m 0 . N Sy_ 0 -o ° � v rt ° � art n P, j y N � m O M L ma 0