HomeMy WebLinkAbout08-30-13 J 15as61o1�Q
REV�7�JV� � {a�-�a}
PA Department of Revenue OFFICIAL USE ONLY
Bureau of Individua�7axes �MHERITANGE TAX RETURN �0unty Code vear Fi�e Number
PO BOX 250601 2 L 1 3 Q ? 3 �
t�arrisbura.PA�7�29-os0� RESIDENT DECEDENT
ENTER DECEDENT INFORMATI4N BELpW
Social Se¢urity Number pate of Death MMDDYYVY Date of Birth MMDDYYVY
0 3 2 4 2 0 Z 3 1 1 2 8 1 9 1 6
DecedenPs Last Name Su�x DecedenPa First Name MI
6 E N D E R S R J 4 H N E
�If Applicable)Enter Surviving Spouae's Informadon Below
Spouse's Last Name Su�x Spouse's First Name MI
Spouse's Sacial Seaurity Numbar
THIS RE7URN MUST BE FII.ED IN DUPtICATE WITH THE
REGlSTER QF WI��S
FILL IN A7PROPR�A7E OVALS BELOW
� 1.Onginal Return � 2.Supplemental Return � 3.Remainder Retum(date of death
prior to 12-13-82}
� d.�imited Estate f� 4a.Future Interast Compromise{date ot � 5.Pederai Estate Tax Retum Required
death after 12-12-82)
�X 6. Decedent pied Testate � 7.Decedent Maintained a Living Trust _ $.7ota1 Number of Safe Deposit Baxes
(Attach Copy of Wift} (Attsch Copy of Trust}
(� 9. Litigatian Proceeds Received � 10.Spousai Poverty Credit(date of death � i t.E�ection ta tax under Sec.9113(A)
belween 12-31-91 and 7•1-95) (Attach Sch. O)
C�RRESPONDENT•THIS SECTN7N MUST BE COMPLETED.A!L CQRRESPONDENCE AND CONFIDENIU4L TAX INFORMATION SHOUID BE DIRECTED T0:
Name Daytime Telephone Mumber
M A T T H E W A •- M c K N I G H T a� ,1, 7 2-°4 9 ` �c� 3 5 3
; :_RE�ts�a o�wi�t�u8E o�ir
�_ ' �
First line of address '
I R W I N & M t K Pt Z G H T , P . C . ; , i'
Second line pf address �
6 � G! E S T P 4 M F R E T S T R E E T r < i
Ciry or Post Office State ZIP Code ',___�0�7E Fl�e�
wi�
C A R L I S L E P A 1 7 0 1 3
Correspondant's e-mail address:
UrWer penariies of perjixy,4 tleciare that i have examined ihis return,IrtGudi�accampanping schedules aM!siatements,arrtl to the best W my knawiedge and beiiaf,
if is#ue.correck and�mP�.���arw��P+eperer olher ttqn the persa�ai representatrve is 6asEtl ai aU information ot which preparer has any krrowietlge.
S�G �URE Q�PERSON RE PONS B E FOR FILING RETURN DATE
��.,4 � �' ��w�� 37- �'� - r,�
ADDRE��Z7
1636 WAINUT 84TTOM RD NEWVILLE PA 17241
$IGNATUR F RER THER THAN REPRESENTATNE DATE
Ap RESS
6CI WE3T POMFRET 3T tARLISLE Pd 1707,3
RLEASB USE ORICaINAL FORM ONLY
Sid¢1 �
� 15U561U140 150561�14� � e
l�
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
Jt7HN E. BENDER,SR. 21 i 3 0730
DecedenPs Name Page 1 File Number
Correspondents
Name Daytime 7elephone Number
M A T T H E W A . M c K N I G H 7 7 1 7 2 4 9 2 3 5 3
First line af address
I R W I N & M c K N I G H T „ P . C .
Seoond line of address
6 6 W E S 7 P O M F R E T S T R E E T
City or Past OFffce S#ate ZIP Code
C A !2 L i S L E P A i 7 0 1 3
CorrespondenPs e-mail address:
tlnder pena7ties of perjury,t dedare that I have examined this retum,includ'mg accqmpanying schedWes and elatemenis,and to ihe best of my k�owledge and helief,
it is We,correct and complete.peclaratbn of preparar otl�er ihan tha persanal represenpGve is 6ased on all information of which preparer has any knowledge.
9R^,�(�'ATUR PEiiSQN RESPONSI E F6R�ILI R RN pATE
� y-��r- �..,.� � d�� �.
RESS
12 NEWVILLE RD CARLlSLE PA 1?015
Name Daytime Te�phone tJumOer
M A T 7 H E W A . M c K N I G H T 7 1 7 2 4 9 2 3 5 3
First line of address
I R W ! N & M c K N i G H T , P . C .
Second line ot address
6 0 W E S T P O M F R E T S T R E E T
City or Ppst Office State ZIP Code
C A R L ! S L E P A 1 7 0 1 3
CorrespondenPS e-mail address:
Under pena%i f perjury,I declare that I have examined this reWm,indudirg axampanying schedules and statements,and to ihe best of my knqwledge and belief,
il is We.co arM complate.Dederation af preparer nMer Nanlhs personat represenlabve is based on aH infom��n of wh�h preparer has any kraoniedge.
SIGNATU F PERSON R F R F LI G RETURN DATE
C' �� _ J
A RESS
19 GARLISLE RC?AD NEWVI��.E PA 17241
J 1505610240
REV-1500 EX
DecetleM's Social Securdy Number
oe�ae�raNama: JOHN E. BENDER, SR.
RECAPITULATION ,
1. Real Estate(Schedule A) . . . . . . . . .. .. . . . . . . . . .. . . .. . . . . . . . . . . . . .. .. . 7. 3 3 5 0 0 0 , 0 0
2. SMCks and Bonds(Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . ... 2. .
3. Closety Held Corporation,Partnership or Sole-Proprietorship(Schedule C) . .. . . 3. .
4. Mortgages and Notes Receivable(Schedule D) .. . .. . . . . . . . . . . . .. .. .. .. .. 4.
5. Cash, Bank Depaaits and Miscellaneous Personal Property(Schedule E).. . . .. . 5. 7 3 3 1 7 , 2 4
6. JoiMly Owned Property(Schedule F) ❑ Separete Billing Requested . . . . . . . 6.
7. Inter-Vivos Transfers 8 Miscellaneous N�qProbate Property •
(Schedule G) U Separete Billing Requested .. . . .. . 7.
8. Total Gross Aasets(total Lines 1 through 7) . . . . .. . . . . . .. .. . . . .. . . .. .. . 8. 4 0 8 3 1 7 . 2 4
9. Funeral E�enses and Administrative Costs(Schedule H) . . . . . . . . . . . . . . .. . . 9. 4 8 4 4 6 . 3 7
70. Debts of Decedent,Mortgage Liabiltties,and Liens(Schedule I) .. . . . . . .. . . . . 10. 6 5 8 0 . 2 4
71. Tohl Deduetions(totai Lines 9 and 10) . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . 1 i. 5 5 0 2 6 . 6 1
12. Net Value of Eatate(Line 8 minus Line 11) . . . . . . . . . . .. .. . . . . . . . . . . . . .. 12. 3 5 3 2 9 0 . 6 3
73. Charitable and Govemmentai Bequests/Sec 9113 Trusts for which
an election to tax has not been made(Schedule J) .. . .. . . . .. . . . .. . . . . . . . 73.
14. Net Value Subject to Tax(Line 12 minus Line 13) .. . .. .. . . . .. . . . .. . . . . . 14. 3 S 3 2 9 0 . 6 3
TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rete,or
transfers under Sec.9116
(e)�7.2)X.0 _ 0 . � 0 15. � . � �
16. Amount of Line 14 taxable
at iinea�rete x.oa5 3 5 3 2 9 0 . 6 3 �6. 1 5 8 9 8 . ❑ 8
17. Amount of Line 74 taxable
at sibling rate X.12 0 . 0 D 17. 0 . p p
78. Amount of Line 14 taxable
at wllateral rate X.15 O . 0 0 i 8. 0 . 0 U
79. TAX DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . .. . . . .. . 19. L 5 8 9 8 . 0 8
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT �
Side 2
L 15a5610240 1505610240 �
REV-1500 F�C Page s Fiie Numher
DecedenYs Camplete Address. 2� t3 o�3a
DECEDENF'S NAME
JQHN E. SENQER, SR. — ____�— ---------- -- _
STREETAD�RESS
1636 WALNUT BOTTOM ROAD _____:i,_.____� _._�
CITY ..____..—._.—.. . ------------- `i STATE ------- LP —
GARLiSIE PA 17241
Tax Payments and Gredits:
t T�Due{P�2,Lir�e i9) (1} 15.898.08
2 CreditslPayments
A,Prior Payment�
B.Discauni
Toial Crediis(A+6) (z) 0.0�
3. tnSerest
{3}
d. If Line 2 is greater than Line 1+Line 3,enter the difference.This is the OVERPAYMENT.
FiII in oval on Page 2,tine 20 M request a refund. (4� 0.00
5. If Line t +Line 3 is greater th�Une 2,�ter the difference.This is tt�TAX DtlE. (5) 15,$$8.08
Make check payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLdWING QUESTIONS BY PtACiNG AN°X"IN 7HE APPROPRIATE BLOCKS
i, pid decedent make a tranafer and: Yes No
a. retain the use nr income of the property hansferred. ......................... ............._............................. ❑ �
b. retain the right lo designate wha shall use l�e properry transferred or its inpoms; .......................
c. retein a reversianary interest;a ...................................................... ......................................... ❑ �
a. rec�ive n�e vmmise ror fife or eitrrer paym�ts,6snefits ar care� ............. ......................................... ❑ 0
2. IF de&h occurred aft�december 12,1962,dfd decedent transfer propertY within ane year oi death
withaitrer�iringadequatecatsideration? ._.................................__...,........................................... ❑ �
3. Ckd decedent own ar�"i�hust for'a pay�e-upon�leath 6�k account or seauity at his�trer�attr? ...,..... ❑
4. Did deceden!own an individu�retirement�munt,annulip or other r�-probate property,which
contalns e benaficiary designation?.................................................................................................. ❑ �
IP THE ANSWER TO ANY OF THE ABOVE QUE3TION5 I5 YES,YOU MUST COMPLETE SCME�ULE G AND FILE 17 AS PART OF THE RETURN.
For dates af death on or after July 1, 1994,and before Jan. 1, 1995,the tau rate imposed on ihe net value of transfers to or hsr the use of the surviving apouse ia
3�cent�z P.s:§s�is�a7{�.�}tll
For dates of death on or after Jan. 1, 1995,the tax r8te imposed on the net value of transfers to or for the use of the surviviny spouse is 0 perce�t
{72 P.S.§9178{a)(1.1)(ii}].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of essets and
fiNng a tax reium ere s60 a�spiicabte everr if the survnring spouse is the oniy beneficiary.
For daies of death on or after July t,200Q:
• '{he ta5c rate impased on the net value of transfers fram a deceaaed child 21 years of age or younger at death to or for the use of a naturel parenf,an
edoptive parent or a stepparent af the chik!is 0�rt�nt(72 P.S.§91 t6(a){1.2)).
• The tax rate impased an ihe net value of traosfers�or tqr the use of the decedent`s iineat benefiaaries is 4.5 peroent,except as noted in
72 P.S.§9116(1.2}(72 P.S.§9716(a)(1)l.
� Ttre t�rate imposed on the net va�e of U�sfers ta ar for the use of�e deoedenPs s�biings is 12 percent[72 P.S,§9116(a)(1.3}j.A sibiing is deflned,under
SecUon 9102,as an individual who has at IeasC a�e paretit in comrnan wilh the decede�t,wheti�er by t�1 or ad�tian.
4EU-1502 E�t,+��2d77
pennsylvania SCHEDULE A
D6'PARTMENT OF REVENUE
INNERITANCETA%RETURN REAL E$TATE
RESIDENF DECEDENF
ESTATE OF: FU.E NUMBER:
JOMN E. BENDER SR. 21 13 0730
All reat prcperty ormad�y or�a t�anE in �be roported rt�r market va6re.F�mark�v��is d�'ir�ect as Gie�e at cvhich property
wouid be exchanged between a wilGng buyer arid a willing seller,neither being canpelled to buy or s�l,6oth heving reasonaWe knowledge of the relevant fads.
I�a!prop�ty Mat k ed t��M of wrvivo�sh�r muat 6e a�ScheduN f.
Attach a copy of the settlement sheet if the property has been sphi.
���� indude a copy of the deed showing decedeni's interest If ownad as tenant in common. VALUE AT pATE
NUMBER OF DEATH
DESCRIPTION
1. 7 BUGHANAN STREET, NEWVIlLE, PENNSYLVANlA 107,000.00
APPRAISAL ATTACHED
2. 13 BUCHANAN STREET, NEWVILLE, PENNSYLVANIA 1�6,OOQ,04
APPRAISAL ATTACHED
3 14 McFARLAND STREET, NEWVILLE, pENNSYLVANIA 122,000.00
APPRAISAL ATTAGHED
TOTAL(Also enter on Line 1,Recapikulation.) $ 335 04Q.40
If mo2 space fs needed,use edditional sheeis of paper of the same size.
REV-'Si' �Y+ttO-03?
pennsylvania SCHEDULE H
OEpARiMENT QF RE4ENUE FUNERAL EXPENSES AND
INHERItANCE TA%RE7URN qpMtNlSTRATNE GOSTS
RESIDENT�f,EDENT
ESTATE OF p�(.�p�p�R
JOHN E. BENDER SR. 21 13 0730
OecedeM's tlebts must be reported on Sehedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A FUNERALEXPENSES:
t EGGER FUNERAL NOME 9,997.56
2. EBY GRANITE WORKS- INSCRIPTION 123.00
3. CUMBERLAND COUN7Y HONOR GUARD 1p0.00
4. FRIENQSNIP FlRE CO. 24Q.Q4
5. BIG SPRING UNITEp LUTHERAN 20p.00
8. ADMINISTR4TIVE COSTS:
1. Personal Representativa Comm(ssiona:
Name(s)ofPersonalRepresentadve(s) �USAN B. MORROW 5,333.33
stieetAdaress 19 CARLlSLE ROAD
cay NEWYlLLE gpte PR �p 17241
Year(s)Commissbn Paid:
2. �ttomevFees: IRWIRI & McKNlGHT, P.C. 16,000.00
3. Family Exemption:(lf�nYs address is rrot the smne as ci�Ima�MS,�ttl�exptarratron) 3�500.04
C�aimant CAROLYN B. LLQYD
StreetAddress 1636 WALNUT BOTTOM RQAD
�ity NEWVIL�E state PA z�P i7241
Rer��,ipotc��„ant�o�eae�� DAUGHTER
4. aroba�Fee,s: REGISTER OF WIIIS 393.50
5 AxouMant Fees:
B. Tax Retum Preparer Fees:
7. CUMBERtAND tAW Jt}URNAI-ESTATE NQTIGE 75A0
8. 7HE SENTINEL -ESTATE NOTICE 200.16
9. ti00VER'S P�UMBING& HEATING, tNG. 418.15
10. DIVERSIFIED APPRAISAL SERVICE5-APPRAISALS ON REAL ESTATE {3} 1,Q50.40
11. RECORC}ER OF DEEDS -RECt7RD DEEDS(3} 189.00
TOTAL(Alsa enrer on Line 9,RecapitWation) $ 4&446.37
Ii rrrore space is needed,use addi6onal sheets af paperaf ihe sama size.
Continuation of REV-15001nheritance Tax Retum Resident Deceden#
JOHN E. BENDER, SR. 21 13 073Q
QecedenYs Name Page 1 File Numkser
Schedule H•Funeral Expanses�Administrative Casts-61
ITEM
NUMBER DESCRIPTION AM4UNT
B. ADMtNISTi2ATiVE COSTS:
Personal Representative Commissions:
2• Namets}otPerso�a�ttepBSenmtive(s} JC?h!N E BEN€}ER Jft. 5,333.34
Strastnddress 1712 NEVYVILLE ROAD
��y CARLISLE gq� PA Zip 17015
Year{s}Commission Paid:
� Natr�{s)otPersona�RepreserrtaU�e{s} CAROLYN B. �.L4YD 5,333.33
streetaddress 1636 WALNUT BOTTOM ROAD
C�y NEWVlLLE 5�,� PA �P 17241
YeaQs)Commission Paid:
SUBTOTAL 3CHEDULE H•B7 10,666.67
REV-�512 EX+(12-72}
pennsylvania SCHEDULE 1
DEPAR7MENT OF REVENUE DEBFS OF DECEDENT� �
ir�arnr�rAx�n�u �IIORTGAQE LIABIt.tT1ES$�I.IENS
aESioEM aECEOErt�
ESTATE OP FILE NUMBER
JOHP! E. BERIDER SR. 23 13 0730
RepoR dbbta Incurted by the decedeM prior to death that mmained unpaid ffi the date of daskh,including unrefmbunsed medical eucpenses.
�T� VAi.UE AT DATE
NUMBEft CIESCRIPTION OF DEA7H
t. DEBRA PIPER, TAX COLLECTOR-REAL ESTATE TAXES 1,471.7Q
2. DEBRA PIPER, TAX COLLECTQR-REAL ESTATE TAXES 3,900.74
3. ERIE INSURANCE- HOMEOWNERS INSURANCE 1,198.00
4. MABEt ST�Tf, TAX CQLLECT4R-PERSONAL 7AXES 9.80
TOTAL(Aiso enter an Line 10,Recapitulation) $ 6 58024
IT more space is needetl, insert addiNonal sheets uf the same size.
REV-1$i8 EX+(Obiq}
pennsylvania SCHEDULE J
OEPAftTMENT OF REVENUE gENEFICtARIES
iNHEWTAMGETAXRE7URN
� RESIpEM DECEDENT
ESTATE OF: flLE NUIlBER:
JOHN E BENDER SR. 21 i3 0�34
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRES5 OF PERSON(S)RECEIVING PROPERTY po Not List 7ruatee(s� OF ESTATE
I. TAXABI_E E}iSTRlBUTIONS (in�de���tspousai d�Mtwtions and uane(ers ur�der
sec.si f8(a}(t z}.j
1, JOMN E. BENDER, JR. Lineal
1712 NEWVtLLE ROAD 14 MaFARCAND ST
CARUSIE, PA 17015
2. SU5AN B. MORROW Lineal
19 CARLISLE ROAD 7 BUCHAMAN ST
NEWVIILE, PA 172A1
3. CAROLYN B. LLOYD Lineal
1636 WALNUT BOTTt7M RD 13 BUCHAlVAN ST
NEWVILLE, PA 17241
4. MAT7HEW S. LLOYD Lineai
16Ap WALNUT BOTTOM RD. 1/4TN REMAINDER
NEWVILLE, FA 17241
5. KATMY J. ILOYD Lineal
1642 WALNU7 BOTTOM RD 1/4TW REMAINDER
NEWVILLE, PA 17241
6. STEPHER! t�. BEN6ER �in��
256 NORTH C1AK ST. 1/4TH REMAINDER
LITITZ, PA 17543
7. MICNAEL S. BENDER Lioeal
1 RICH ST. 1147H REMACNDER
NEWVILLE, PA 17241
ENTER��L4R AtdIdUNTS FOR INSTRIBUTI4NS SNQWN A�VE ON IINES 15 THFtOUGN 18 OF REV-15�CdVER SHEET,AS APPROPRIATE.
II. NON-TAXABLE DISTRIBUTION$:
A.SPqUSAL DISTRIBUTIONS UNDER SECTION 9413 FOR WHICH AN ELECTION TO TAX IS NQT TAKEN:
t.
B.CHARtTABLE AND GQVERNMENTAL DISTRlBUTIONS:
1.
TOTpL pF PART II-ENTER TOTAL NpN-TAXABLE DISTRIBUT�ONS ON LINE 13 OF REV-1500 COVER SHEET. E
!f mae space is needed,t�ad�lia�af sheets�p�er#the s�ne size.
' , 131H061Jssne 1, 1998
n 1
LAST WILL AND TESTAMENT
OF
JC1IiN E. 33ENDEI2 SR
I, JOIiZ+7 E. BENL'ER, SR. , of Newvilla, Cumberland County,
Pennsylvania, being af sound and disposing mind and memory, do -
make, publish and declare this to be my Last Will and Testament,
hereby revoking all Wills and Coe3icils by me at any time
previously mac3e .
I am married to MARGt7ERZTE P. BENZ}ER (hereinaf�er
referred to as "My Spouse") and the children born of our marriage
are J4FIN E. BENDER, JR. , SUSAN B. MORROW and CAROLYN B. LLOYD.
l. TANGIBLE PERSONALTY. If My Spouse survives me, Z
give and bequeath all of my household £urniture and furnishings,
automobiles, other motor vehicles, baaks, pictures, jewelry,
china, crystal, appliances, silverware, wearing apparel, articles
of household ar personal use ar aclornment, co3.lections, artworks,
boats and recreational equipment and vehicles, together with all
policies of insurance thereon, to My Spouse . If My Spouse daes
not survive me, I direct that all such articles of my tangible
personalty be sald and the proceeds thereof distributed as part of
my residuary estate.
Page 1 of 8 paqes
2 . SPECIFIC DEVISES OF REAL ESTATE. If My Spouse does
not survive me, I make the Eollawing devises of rea2 property:
(a) I give and bequeath the real property situate
at 14 McFarland Street, Newville, Pennsylvania, to my
son, JOI-IN E. BENDER, JR. , if he survives me or, if not,
then to his issue then living, per stirpes .
(b} I give and bequeath the real graperty situate
at 7 Buchanan Street, Newvilie, �ennsylvania, to my
daughter, SUSAN B. MQRROW, if she survives m�.
{c} I give and bequeath the real praperty situate
at 13 Buchanan Street, Newville, Pennsylvania, to my
daughter, CAROLYN B. LLOYD, if she survives me or, if
not, then ta her issue then living, per stirpes.
3 . RESIDUE. I give, devi�e anfl bequeath all of the
rest, residue and remainfler of my praperty, real, personal and
mixed, nat disposed of in the preceding portions of this Will,
including aIl property over which I hold a power of appointment
(which powers af appointment I hereby exercise in favar af m�
estate) , to My Spouse, if My Spause survives me. Tf My Spouse
does not survive me, I give, devise and bequeath said residue as
follows :
(a} pne-fourth thereof to my grandson, MATTHECd S.
LLOYD, if he survives me. If he does not survive me,
then to his issue then living, per stirpes, or, if none,
then to the beneficiary or beneficiaries identified in
� subparagraph ib) belaw.
(b} pne-fourth thereaf to my granddaughter, KATHY
J. LLflYD, if she survives me. Tf she does not survive
me, then to her issue then living, per stirpe�, or, if
none, then to the beneficiary or beneficiaries
iden�ified in subparagraph (a7 ahove.
(c) One-fourth thereaf to my grandson, STEPHEN L.
SENDER, if he survives me. If he daes not survive me,
then to his issue then living, per stirpes, oz, if nnne,
Page 2 af 8 pages
then to the beneficiary or beneficiaries identified in
subparagraph (d) belaw.
{d) One-faurth thereof to rny grandson, MICHAEL S.
BENDER, if he survives me. If he does not survive me,
then to his iseue then living, per stirpes, or, if none,
then to the beneficiary or beneficiaries identified in
subparagraph (o) above.
4 . SFENDTHRIFT PROVSSI4N. No interest in income or
principal of my estate shall be subject to attachment, levy or _
seizure by any ereditar, spouse, assignee or trus�ee or receiver
in bankruptcy of any beneficiary of my estate prior to the
beneficiary' s actual receipt thereof. My Executar shall pay over
the net income and the principal to the beneficiaries herein
designated, as their interests may apgear, without regard to any
attempted anticipation (excegt as may be specifically provided
herein) , pledging or assignment by any beneficiary of rny estate
and without regard to any claim thereto or attempt�d 1evy,
attachment, seizure or other process against said beneficiary.
5 . SURVIVAL PRESUMPTIONS. Any person, other than My
Spouse, who shall have died at the same time as I ar under such
circumstances that i� is difficuZt or imposeible to determine who
shall have died first, shal2 be deemed to have predeceased me. If
My Spouse and I shall have died at the same time o� under such
circumstances that it is difficult or impassible to' determine who
shall have died first, My Spouse shall be deemed tc> have survived
me .
Page 3 of 8 pages
b. FIDUCSARY BOWERS. In the sattlement of my estate,
my Exec�tor shall possess, among others, the fallowing pawers,
exercisable without prior court approval , but in all cases ta be
exercised for the best znterests of the beneficiarzes:
(a) To retain any investments I may have at rny
death so long as my Executor may deem it advisable to my
estate so to do, inclnding securities awned, issued or
underwritten by any carporate Executor or any of its
affiliates .
(b) To vary investments, when deemed desirable by
my Executar, and to invest in such bonds, stocks, notes,
rea2 estate mortgages or other securities or in such
other real ar personal property, including securities
owned, issued or underwritten by any corpora�e Executor
or any of its affiliates, ar as to which my corporate
Executor or any of its affiliates are investment
advisors, as my Executor shall deem wise, without being
restricted to sa called "legal investments" .
{c) In arder to effeot a division of the principal
of my estate or for any other purpose, including any
final distribution of my estate, my Executor is
authoriaed ta make said divisions or distributians of
the personalty and realty partly or wholly in kind. If
such diviaion ar distribution is made in kind, said
assets shall be divided or distributed at their
respective values on the date or dates of their division
or distribution. In making any division or distribution
in kind, my Executor shall divide or distribute said
assets in a manner which will fairly allocate any
unrealized appreciation amang the beneficiari�s .
(d} To sell either at public or private sale and
upon such terms and conditions as my Executor may deem
advantagepus to my estate, any or all real or personal
estate or interest therein owned by my estate severally
or in conjunction with other persons or acquired after
my death by my Executar, and to cansummate said sale or
sales by sufficient deeds or other instruments to the
purchaser or purchasers, canveying a fee simple title,
free and clear aP all trust and without obligation or
lia�ility af the purchaser or purchasers to see to the
application of the purchase money or to make inquiry
into the validity of said sale or sales; also,. to make,
Page 4 of 8 pages
execute, aaknowledge and delzver any and all deeds,
assignments, options or other writings which may be
neeessary ar desirable in carrying out any of the powers
aonferred upan my Executor in this paragraph �r
elsewhere in this Will.
ie} To mortgage real estate ancl to make leases of
real estate for any term.
{f) To borrow money fram any party, inaluding my _
Executor, to pay inclebtedness of mine or of my estate,
e�cpenses of administration, Death Taxes ar other taxes. __
ig) To paX all casts, expenses, legally
enforceable debts, funeral expenses and charges in
connectian with the administration of my estate .
(h} To vote any shares of stock which form a part
of my estate and tcr otherwise exercise a11 the powers
incident to the ownership of such stock and to actively
manage and operate any incorporated or unincorporated
business, including any joint ventures and partnerships,
and to incorporate any such uninoorporated business,
with aIl the rights and powers of any awner thereof . �
(i) In the discretian of my Executor, to unite •
with other awners of similar praperty in carrying aut
any plans for the reorganizatian of any corporation ar
company whose securities farm a part of my estate.
(j } To assign to and hold in my estate an
undivided portion of any asset .
(k} To hold investments in the name af a nominee.
(1) To compramise controversies.
(m) To disclaim, in whale ar in part, any and a11
interests in property owned by me at the time of my
death, including those passing ta me by Will, intestacy,
contract, joint ownership, operaCion of law or
otherwise.
(n) To designate one or more persons or a
corporation to act as ancillary fiduciary in any
jurisdiction in which ancillary administratian may be
necessary, such ancillary ficluciary to serve without
band ar security and to have all pawers, authorities and
discretions conferred hereunder.
Page 5 of 8 pages
{a} To employ and compensaCe from incarne or
principal, in the disaretion of my Executor, investment
and legal couneel, accountants, brokers and �ther
specialists, and, whenever there ahall be no corporate
Executor in office, a corporate custodian, and to
delegate to investment counsel discretion with respect
to the investment and reinvestment af any or all of the
assets held hareunder.
(p) To manage and develoo all or any part af any _
real praperty that may be awned by my estate, including
but not limited to, the power to subdivide (including _
the dedication of parks, easements or streets, with or
without cansideration} ; ta obtain the vacation of a plat
ar adjust boundaries; ta submit property to a
condominium project and do all acts necessary in
connection therewith; to grant pptions to purchase or to
lease; ta aonstruet buildings or t� alter or remove
buildings, and make such irnprovements to real property
as my Executor determines to be appropriate (including
improvements nat situated directly on the particu2ar
real property} ; to grant easemente or encumbrances of
any kind, and to release any interest in the proparty;
and to abandon or demalish any property including an
interest in real praperty deemed by my Executor to be
worthless or of insufficient value to keep ar protect .
7. EXCULPATQRY CLAUS�S. Ifl the settlement of my
estate :
{a) My Exacutor shal3 not be peraonally liable for
any loss to my estate or tp any beneficiary af my estate
resulting from an election made in good faith to claim a
deduction as an income tax deductzon ar as an estate tax
deduction.
tb} In valuing property in my grass esCate for the
purposes ot any Death Tax, my Executor shali not be
pereonally liable for any lass to my estate ar to any
beneficiary of my estate resulting from my Executor' s
decision made in goad faith to ase a particular valua-
tion date .
8 . CUSTODIAN OF ESTATES. If at any time any
individual under the age of twenty-one shall be entitled to
raceive any assets free of trust by reason of my death, whether
Page 6 af S pages
payable hereunder, by operation of law, contract or otherwise, I
appoint my then Ziving grandchildren as CustodianCs} for such
individual under the Pennsylvania Unifarm Transfere to Minors Act.
9. TAX CL�AUSE. All inheritance, estate and similar
taxes becoming due by reason of my death ( "Death Tax�s") , whether
such Death Taxes shall be payable by my estate or by any recipient
of any property, shall be paid by my Executor out of the property
passing under STEM 3 of this Will as an expense and cost of
administration of my estate. Except to the extent above provided,
my Executor shall have no duty or obligation to obtain
reimbursement for any Death T�es paid by my Executor, even though
paid with respect to proceeds of insurance or other property not
passing under this Will.
10 . EXECUTOR APPpINTMENT. I ;hereby appaint My Spouse,
MAT2GUERITE P. BENL3ER, as Executrix of this Will . If for any
reason My Spouse shou2d fail or cease to act, I appaint my
children, JOHN E. BENDER, SR. , SUSAN B. MORROW and CAROLXN B.
LLOYD, ar the survivor or �urvivors af the three of: them, as
Executor(s) . A11 references in this Will ta my "Executor" sha11
refer to my originally named Executrix, to rny successar Co-
Exeoutors or to my sole successor Executor qr Executrix, as the
case may be.
21. WAIVER OF BOND; FSDUCIARY FEfiS. My Execu�or shall
qualify and serve without the duty or obligation of' filing any
band or a�her security. Any indzvidual fiduciary shall be
I
Page 7 of S pages
entitled to reasonable hourly compeneation based upon services
acCually rendered in discharging fiduciary duties hereunder.
IN WITNESS WHEREOF, S have set my hand and seal to this,
my Last Will and Testament, consisting of this and tha preceding
seven (�) pages, this �^ day of , lggg .
Pa e 8 of 8 a e � L�b�t�`�(�L)
S P 5 S J n E. ender, Sr.
We, the undersigned, hereby certify that the foregoing
Wil1 was signerl, sealed, published anci declared by the above-named
Teetator as and for his Last Wili and Testament, i.n the presence
of us, who, at his request and in his presence and in the presence
of each other, have hereunto set our hands ar�d seals the day and
year abave written, and we eertify that at the time of the
execution thereof, the said Testator was of sound and disposing
mind and memory.
Z (" L '� � '-^�
( (SEAL) Residing at : -�a`� .J�,� �
� (�'�) ����� t 7���
GG`U-�v" �/ (SEAL) Residing at : l(/'� (�`,�Pc�i� {} �j�-
„ C" 9'h �C � f'� . /7d6�
��,��C1-��9___���EAL} Residing at: �6 Co C\�e�.,¢v:�ib�
_ Gr�-p ���.� k e ta �10 ��
�
SUMMARY APPRAISAL REPORT
7BUCHANAN STREET
NEWVILLE, PENNSYLVANIA
PREPARED FOR
JOHN E. BENDER
BY
LARRY E. FOOTE
DIVERSIFIED APpRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA
17013-3052
(717)249-2758
Diversified Appraisal Services
Real Estate Appraisers and Ca�sultants 35 East Migh Sheet
Cadisle,PA 17013-3052
(717J 249-2758
FAX(717)258-4701
Agri125,2013
TO: The estate of John E. Bender
FM: Larry E. Foote
RE: Surnmary Appraisal Report
Residentiai Property
7 Buchanan Street
Newvitle, Pennsylvania
At your request, I haue appraisad the captianed property. The appraisal report,which
follows this letter, is submitted in support of my opinion of Market Value of the Fee Simple
Interest in the pmperty, as of March 24, 2013.
I hereby certify that, to the best of my knowledge and belief, the data, facts,and
apinions set farth therein, are accurate, subject to the Statement of Assumptions and Limiting
Conditions that is also made a part of the report, and that the indicated Markat Value of the
subject praperty, as of March 24, 2013 is:
ONE HUNDRED AND SEVEN THC7USAND DOLLARS
$io�,oao
� 'I'his appraisal has baen made in conformity with the standazds of professional practice
of the National Association pf Realtors AppraisaI Section. I appreciate your having considered
me fox this assignment and trust that you find the repart entirely satisfactory.
Respectfully submitted,
� .
Larry F.. Foote
Pa. Certified General Appraiser
GA-OOQ014-L
2
SLIMMARY OF IMFOitTANT FACT3 AND CONCLUSIONS
LOCATTON: 7 Buchanan Streat
Newville, Pennsylvania
TAX PARCEL Nt.JMBER: 28-21-Q351-Q$7
IMPROVEMENTS: Two-story detached single-family dwelling.
PROPF,RTY RIGHTS: Fee simple interest.
OWNERSHIP HISTdRY: The subject property is awned by 7ohn E. Bender. T"ha
property tast transferred on August 27, 1970 for a
reported consideration of$3,000 and awnerstup convsyed
an 23-T-745.
SCOPE OF THE ASSTGNMENT: The scope of tha assignrnent eneluded an analysis of the
subjeci's area, an inspection of the subject property, an
estimation of the property's highest and best use,
consideration of all tl�ree appraaches to value, and the
appiication of those refevant to the valuatian of the
subject.
CLIENT. The estate of John E. Bender.
INT'ENDED U5ER: 'Tl�e astate of Jahn E. Bender.
C}BJECTNE: To estimate the market vatue of the subject property as
unencumbered.
EFFECTIVE DATE: March 24,2013.
INSPECTIQN DATE: Aprii 22, 2013.
HIGHES"I' AND BEST USE: ConYinued use as a single-family residence.
Ct�ST t1PPROACH: N.A.
SALES APPR{}ACH: $147,000
INCOME APPBOACH: N.A.
FTNAL VALLTE CONCLUSION: $107,040
3
THE VALi7ATIUlY P120CE58
The valuation process is defned in Tlre Appraisal of Reat Estate as pubtished by the
Appraisal Institute,as"a systematic set of procedures an appraiser fotlows io provide answers
tp a client's questions about real praperty value."
It consists of a series of steps that are appmgriate to a specific and partieular appraisaI
assignment that begins with a client engaging a real estate appzaiser to develop an opinion of
value for a specific property as of a given affective date anc!ends when the appraiser
comrnunicates and reports the fmal canclusions and opinions ta the client.
Definition of the Appraisal Problem:
The first step in the appraisal process ineiudes the presentation af the following:
1. Identificazion of the ciient,the intended use,and the inteaded users of the appraisat
report.
2. The piu�pose of the appraisal, including a definition of the value being reported.
3. Determinarion of the effective date af the appraisai repart.
4. Extraordinary assumptions that are appficable to the appraisal assignment.
5. Hypothetical conditions that are appiicable to the appraisal assignment.
Scope af Work:
Scape of work is definad in the Uniform Standards af Professionat Practice as being
"the type and extent af research and analyses in an assignment" This includes the degree and
extent of research and the data that is deemed as naoessary to deveiop a credible opinion of
value for the property being appraised.
Data Coilectioa and Analysis:
The appraiser must gaiher and analyze market area data, subject praperty dxta, and
comparable groperty data that is retative and retevant to the appraisal assignment.
Development and Applicatian af Traditianai Approaches#o Value:
The appraiser must consider wluch of the three traditional approac6es to value aze
applicable,relevant,and neoessary for devaioping a credible opinion of vaiue for the subject
property. These three tradifionai apgroaches to vaTue include the Cost Approach, Sales
Camparisan Approach,and Income Capitatization Approach. When twa or more of these
agproaches to vatue are develoged,the appraiser must determine the amount af emphasis and
consideration to be given ta each of those approaches to vatue, since ane or more may have
greater significance in the appraisal of a specific property.
Reconcitiation of Value Indications and Tinal Opinion of Value:
The finai step in the valuation process is the reconciIiation of the value indications
develaped by the appraiser. Reconciliation is the analysis of alternative conclusions to arrive at
a final value estimate. Recanciliation is required because different value indicatians resuit
from the use of muitiple appraaches to value and within the application of a single approach.
The finai value estimate is not derived simply by applying technical and quantitative
4
procedures, rather, it involves the exercise of judgment, and the value conclusion reached must
be consistent with market thinking.
5
APPEtAISAL CEI2TIFICATION
T hereby certify that upon application far valuation by:
JOHIV E. BENT7ER
the undersigned personally inspected the fotlowing describeti progeriy:
All that certain piece or parcel of land, with the impravements thereon erected, situate
in the Borough af Newville, Cumberland Caunty, Pennsylvania, baunded and dsscribed as
foliows:
Beginning at a carner af the Otd Springfield Raad,naw Springfield Avenue, and land
now or formerly of C. Frank Whisler;thence soutii 80.25 degrees east 134 feet to Buchanan
Street; thence by said street south 9.75 degrees west 30 feet to a corner; thence by land
formeriy of Mrs. Amanda Beistline,north 84.25 degrees wast 134 feet to Springfreld Avenne;
thance by said Springfietd Avenue north 19 degrees east 30 feet 7 inches to the pIace of
beginning.
Ta the best af my knowledge and belief the statements contained in Uvs report are true
and correct, and that neither the employment to make this appraisal nar the compensation is
contingent upon the value reported, and that in my apinion the Market Vatue as af March 24,
2013 is:
C}NE HtJNDRED AND SEVEN THOUSt1ND D4LLARS
$107,000
The property was appraised as a whole, subject to the contingent and limiting conttitions
outlined herein.
� '
Larry I's. Faote
Pa. Certified General Appraiser
GA-404014-L
6
INTENDED USE OF THE APPRAISAL
The intendecl use of Uvs appraisal is to estimate the Mazket Va1ue of the subject
property as af March 24, 20I3.
Market Value is dafined as the most probable price which a property should bring in a
aompetitive and open market under all conditions requisite to a fair sale, the buyer and seller,
each acting prudently, knowledgeably and assurning the price is not affected by undue
stirnulus. Implicit in this definition is the consnmmarian af a sale as af a specified date and the
passing of title fram selter to buyer under conditions whereby:
a. Buyer and seller are typically motivated.
b. Both parties are well infazmed or welT advised, and each acting in what
he considers his own best interest.
c. A reasonable time is allowed for exposure in the apen market.
d. Payment is made in terms of cash in U.S. dollazs ar in terms of financial
azrangements comparable thereto.
e. The pric;e represents the normal consideration far the praperty sold
unaffected by special ar creative financing or sales concessions granted
by anyone associated with the sale.
Source: Office of the ComptrolIer of the Currency, 12 CFI §34.42(�.
HIGHEST AND BEST USE
Highest and Best Use is defined by the Appraisal Terminologq and Handbook,
published by the Appraisal Institute, as "the mast profitahle likely use ta which a property can
be put". The apinian of such use rnay be based on the highest and mast profitable continuous
use to which the praperty is adapted and needed, or likely to be in detnand, in the reasonable
near future.
However, elements affecting value that depand upon events or a combination of
occurrences which, while within the realm of possibility, are not fairly shown to be reasonably
probable, shcsnld be excTuded from cansideration. Also, if the intended use is dependent on an
uncertain act of another persan,the intention cannot be oonsidered.
Based on the above definitian and aftar seeing the site, neighbarhood, and azea, it is my
opinion that the present use af the subject is its Highest and Best Use.
7
OWNERSHIP HISTOI2Y
Tha subject property is owned by John E. Bender. The property last transferred on
Angust 27, 1470 far a regorted consideratian of$3,4{74 and ownership conveyed on 23-T-795.
ESTIMATED MARKETING TIME
The reasonahle marketing time is an estimate of the amount of time thai it woixid take to
sell a property at the estunated market value during the period of time immediately after the
effeetive date af the appraisal assignment. tt is estimated that if the subject property were
offered far sale at the indicated Mazket Value, a reasonable rnarketing time would be six to
twelve months. This estimate is based upon quarterly sales 6gures published by Central Penn
Muiti List, Inc.
ECONOMIC TRENDS
Historically, property values for similaz properties have steadily increased, with
vacancy rates remaining stable. However, the recent lag in the economy has resulied in a
leveling af appreciation rates and langer marketing times. Financing is readily available to
qualified purchasers at reasonable rates and terms.
EXI'C1S(TRE TIME
The length of time the property being appraised would have been offered on the rnarket
priar to the hypothetecai conswnmation af a sale at the marke#value on the effective date of the
appraisal. Exposure time is presumed to precede the effective date of the appraisal. The
reasonable exposure period is a function of price,time and use. Tt is not an isolated opinion of
time alone. Expasure rime is different for various types of praperty and under various mazket
conditions. It is a retrospective opinian based pn an analysis of past events, assurning a
competitive and open market. It assumes not only adequate, sufficient and reasonable time but
adequate, sufficient and a reasanable marketin�effort. Exposure time and canclusion of value
aze therefore intenelated. Based upan the infarmation presented in this report, a reasonable
expasure tirne for the subject property is estimated to be six to kwelve months.
8
SITE DATA
ADDRESS: 7 Buchanan Street
BOROUGH: Newville
COl1NTY: Cumberland
STATE: Pennsylvania
LOT SIZE: .10 acre.
SEWERS: Public utility.
WATER: Public utility.
ELECTRICITY: PP&L
LANDSCAPING: Typical for the azea, with a sodded lawn, trees and shrubs.
DETffiMENTAL INFLUENCES
None. Pride of ownership is evident throughout the neighborhood.
DESCffiPTION OF IMPROVEMENTS
GENERAL DESCRIPTION: Two-story detached single-family dwelling containing approxi-
mately 1,280 square feet of gross living azea above grade.
CONDITION: Exterior: Average
Interior: Average
ROOMS: First Floor: Living room and eat-in kitchen.
Second Floor: Two bedrooms and a full bathroom.
Basement: Partial, with dirt floor.
EXTERIOR: Foundation. Stone
Wa11s: Aluminum siding.
Sash: Vinyl-clad, double-glazed replacement windows.
Gutters: Aluminum,painted.
Roo£ Gable, with standing seam steel.
Storm units: Screens
9
INTERIOR, PRINCIPAL ROOMS: Flooring: Carpet
Walls: Drywall and plaster.
Ceilings: Drywall
Trim: Wood,painted.
KITCHEN: Cabinets: Wood,painted.
Counters: Laminate
Walls: Drywall,painted.
Flooring: Asphalt tile blocks.
Sink: Double-bowl, stainless steel.
BATHROOM: Flooring: Asphalt tile blocks.
Walls: Drywall,painted.
Bathtub: Built-in, with shower.
Lavatory: Vanity
Water closet: Two-piece.
CONSTRUCTION: Joists: Wood
Beams: Wood
Plumbing: Copper and cast iron.
HEATING: Oil-fired forced hot air.
COOLING: None
HOT WATER: Electric, 50-gallon.
ELECTRIC: Circuit breaker system, 100-ampere.
OTHER: Attached to the front and reaz of the dwelling aze covered porches. Also
located on the site is a detached one-caz garage.
GENERAL CONDITION: All improvements aze considered to be in average condition on the
interior and on the exterior, with mechanical systems appeazing to be adequate and functioning
properly.
10
�
'T`HE APPRAISAL PROCESS
Three approaches to vatue are genaratly included in an appraisal repart. These
techniques include the cost approach, sales comparison approach, and income approach to
value.
Tha cost approaoh to value is based an the assumption that the reprodnction cost of a
huilding plus land value,tends to set the upper limit to vaiue. A key assumption is that a newly
constructed building wotzld have advantages over the existing building, therefore an evaluation
foonses upon disadvantages or deficiencies (depreciation) of the existing building campared to
a new faciiity. Bue ta the age af the subject improvements, the cost approach is considered to
be inappropriate and has, therefore, not been included in the development af this appraisal
repprt.
The sales comparison appraach ta value assurnes that under normal conditions, a given
number of parties acting intelligently and voluntarily, tend to set a pattern from which value
can be estirnated. Applicatian of this approach relies on a cpmparisan of the subject with a
sufficiant number af recent transactians of campazable properties in the market, based an a
common unit, sixch as price per square foat of building azea.
The income approach concerns itseif with present worth af the fizture potential benefits
of a property. The initial estimate involves the net incorne, which a fiilly infarmed person is
justified in mssurning the pra,pertq will produce during its remaining usefui life. "I`his estimated
net income is then capitalized into a value estimate, based upan the level of risk as compared
with that of a eimilar type and class. Since homes similaz to the subject aze not typically
utilized as income-producing investment properties,the income approach to value is considered
to be inappropriate and has, therefore, not 6een inctuded 'zn the development af this appraisal
repart.
11
I
SALES COMP"A,RISON APPROACH
In arriving at this conclusion of the value of the subjeot property, the appraiser rnade a
survey of properties that have sold in the area of the subject groperty.
Cansideratian was given and adjustrnents were made on eaoh comparable sale as to
time of sa7e, size, location, as weil as all other factars that rnight affect value. A resume of
some of the sales considerecl by the appraiser is as follows:
SALE NtJ. i:
Location: 35 Pazsanage Street,Newville.
Date of Sale: August 27, 2p12.
Sale Price: $114,000
Size: 1,276 square feet.
Unit Price: $86.21 per squaze foot.
SALE NO. 2:
Looation: 8 Corporation Street,Newville.
Date of Sale: December 27,241 i,
Sale Price: $1I5,006
Size: 1,356 square feet.
Unit Price: $84.$1 per square foat.
3ALE NO. 3:
Location: 11 f Broad Straet,Newville.
Date of Sale: December 21, 261d.
Sale Price: $85,000
Size: 1,21$ square feet.
Unit Price: $64.19 per square foot.
The appraisar, in adrlition to the saJes listed, alsa considered severai addi#ional saies in
arriving at his final apinion of value. On the Sales Comparisan Analysis form that follows this
page are dollaz adjustments reflecting mazket reactipn to those items of significant variation
between the subject and comparable praperties. If a significant item in the comparabie
praperty is superior to, or more favorable than, the subject praperty, a minus (-) adjustment is
made, thus reducing the indicated value of the subject; if a significant item in the comparable is
inferior to, ar less favorable than, #he subject properiy, a ptus {+} adjustment is made, thus
increasing the indicated value ofthe subject.
After making all of#he neeessary adjustments, it is the appraisar's cansidered opinion
that the indicated vatue of the subject property by the Sales Cornparison Approach is $107,OOd.
12
SALES COMPARISON ANALYSIS
ITEM SUBJECT COMFARABLE #I COMPARABLE #2 CQMPARABLE #3
7 Buahanan Strce[ 35 Pazsonage Strcet $Corporetion Slreet 111 Broad SMeet
. Address Newville Newville Newville Newville
Praximity zo Subject 6 blocks S btocks '� S biocks
SalaRice N.A. $IIQ000 SI15,000 $85,000
� Prico/Sq.Ft.GI.A N.A. $$6.21 aaa,ai 564.74
IJata Sairce Inspection Court}�o�vse&Centrel Penn M1S Courthousc&CrnVat Penn MLS CowThm�sc&Centrat Pcnn M[.S
ADJU5TMENTS DE5CRIPTION DESCRIPTION $ Adjust. DESCRIPTION $Adjusc DESCRIPTION $Adjus[.
- Sales or Financing $3,450 buyer olosing
Concessions None costs pd 6y selier -3 iW None
DateofSele/Time Asof3-2A-]3 8-27-12 12-27-11 12-21d0
Location Average Similar Similaz Similar
Site1 View .IO acte .17 acre -2,W0 25�re -2,064 .20�ce -2,W0
Design end Appeai Twas[ory deteched Similar Similw Similar
ConsWction Atuminum siding Vinyl siding � �� Aluminum siding Alum.&vinyl siding
Agc i23 ycazs 115 yeErs 43 years $3 years
Condition Average Similar Similar � Simiiar
Above Grede Tot. Bed. Beth Tot Bed. Bsth Tot. Bed. Qath Tot Bed. BaM
� Rcwm Coun[
-0 2 I 6 2 2 -0,�0 T 3 1 -fi,{!04 7 d 2 -8,604
- 6ross Living Arca 1,280 squsre feet 1,296 square feet 1,356 square feU 1,218 square Ceet
Basement&Finished
- Rooms Below Grade Partial basement Similar Similaz Simi[ar
FunCtionaI Uri(i Avere c Simita� Similsr Simi#ar
Heetin /Coolin Oil-fired hot air Base4ward electric Heat um •2 000 qil-fired hn[water
G /C rt Ona-car e Nonc +5,000 Nona +3,000 Two-cer a o -5,000
PorcBes,Patios Two porGhes,storage Two porches,enci. Wrep pcxch,porch,
. P�ls rdc. Two rches buitdin -SW eh,wood deck -t tN10 enci. rch,wd.deck -1,500
Speciet Energy Typical for the �
Effioisntltems re ion, Similer Similar Similar
Fire lace s) �� None Two fire laces -2 OOp None �Norie ��
Other(e.g.kitchen
rquip.,rsmodeling) Built-ins. Similar Similar Similar
Net Ad'. rotal -3,500 -9 S00 -16,500
IndiCated Value
of Sub' 166 500 k05 SW b8,504
FINAL II�IDICATED VALUE OP 3UBJECT PR{}PERTY: $107,000
i3
CORRELATION
Correlation may be defined as "the bringing together of parts in a proper relationship."
The parts of this appraisal report are the following approaches to value your appraiser used:
Value Indicated by Cost Approach N.A.
Value Indicated by Sales Comparison Approach $107,000
Value Indicated by Income Approach N.A.
These approaches are representative of the market value of the subject property. I have
cazefully reexamined each step in each method, and I believe the conclusions accurately reflect
the attitude of typical purchasers of this type property in this neighborhood. It is my belief that
this reexamination has confirmed the original conclusions.
The Cost Approach will result in an excellent estimate if all elements aze figured
accurately, because no prudent person will pay more for a property than the cost to produce a
substitute property with equal desirability and utility. Purchasers of the type of dwelling
typical of the subject property are more concerned with amenities than with hypothetical
replacement of the property. Due to the age of the subject improvements, the Cost Approach is
considered to be inappropriate and has not been included in this appraisal report.
The Sales Compazison Approach was based on several recent sales of properties similar
to that of the subject, all of which are located in the same genera] azea. The adjusted sales
prices aze most consistent under comparison. This approach is the most reliable because it
reflects the reactions of typical buyers and sellers in the mazket.
The Income Approach is most applicable to income producing properties or properties
that aze primarily utilized for income producing purposes. Purchasers of income producing
properties are willing to pay no more for a particular property than the net operating income
will support. Since the majority of properties similaz to the subject are not utilized for income
producing purposes,this approach to value has not been included in this appraisal report.
Therefore, as a result of this appraisal and analysis, it is this appraiser's considered
judgment and opinion that the Mazket Value of the subject property, as of Mazch 24, 2013, is:
ONE IIiJNDRED AND SEVEN THOUSAND DOLLARS
$107,000
14
UNDERLYING ASSUMPTIONS AND LIMITI1wG
CQNDITIONS SLJBJECT TO THIS APPRAISAL
1. I assume no respansibility far matters legal in natura, nor do I render anp opinian as to
the title, whioh is assixmed to be mazketabie. The proparty is appraised as though under
responsible awnership.
2. The legal description used herein is corrsct.
3. I have made na survey of the properiy, and the baundarias are taken from records
believed to be reliable.
4. I assume that there are no hidden ar unapparent canditions of the property, subsail or
structures which would render it more or less valuable. I assume no responsibility for
such eonditions or for engineering which might be requirad to disoover sueh factors.
5. The information, estimates, and opinions furnished to me and contained in this report
were obtained from sources considered reliable and believed tti be true and correct.
However,na responsibility far accuracy can be assumed by me.
6. This report is to be used in its entirety and only for the purpose for which it was
rendered.
7. Neither all nor any part of the contents of this report (especially any conclusions as to
value, the identity af the agpraiser ar the firm with wtuch he is connected} shall be
reproduced, published, or disseminated to the public through advertising rnedia, public
relations media, news rnedia, sales media, or any other public means of cornmeuiication,
without the prior written consent and appmval of the appraiser.
8. This appraisal was prepazed under the extraartlinary assumption that any easements or
rights af way of record haue no adverse impact upon the highest and best use or value
herein reported. A title seazch was not requestad nor included in the scope of work for
this assignment.
9. This appraisal was prepared fpr the exclusive use of the olient identified in this appraisal
report. The inforntation and opinions contained in this appraisal set fo�th the
appraiser's best judgment in light of the informatian available at the time of the
preparation of this repart. Any use of this appraisal by any other persan or entity, or
any raliance or decisions based on this appraisal aze the sole responsibility and at the
sale risk af the thirti party. The appraiser accepts no responsibility far darnages
suffered by any third pttrty as a result af reliance on or decisions made or actions taken
based on this report.
15
CERTIFICATE OF APPRAISAL
I certify that, to the best of my knowledge and belieE
1. The statements of fact contained in this report aze true and correct.
2. The reported analysis, opinions, and conclusions aze limited only by the reported
assumptions and limiting conditions and aze my personal, impartial, and unbiased
professionalanalyses, opuuons, and conclusions.
3. I have no present or prospective interest in the property that is the subject of this report
and no personal interest with respect to the parties involved.
4. I have no bias with respect to the property that is the subject of this report or to the
parties involved with this assignment.
5. My engagement in this assignment was not contingent upon developing or reporting
predetermined results.
6. 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 occunence of a subsequent event directly related to the intended use of this
appraisal.
7. My analyses, opinions, and conclusions were developed, and this report has been
prepazed, in conformity with the Uniform Standazds of professional Appraisal Practice.
8. I have made a personal inspection of the property that is the subject of this report.
9. No one provided significant real property appraisal assistance to the person sign-
ing this certification.
� '
Larry E. Foote
Pa. Certified General Appraiser
GA-000014-L
16
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers,
along with all providers of personal financial services are now required by federal law to
inform their clients of the policies of the firm with regazd to the privacy of client nonpublic
personal information. As professionals, we understand that your privacy is very important to
you and aze pleased to provide you with this information.
In the course of performing appraisals, we may collect what is known as"nonpublic
personal information" about you. This information is used to facilitate the services that we
provide to you and may include the information provided to us by you directly or received by
us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our
engagement with our clients to nonaffiliated third parties, except as necessary or as required by
law. By way of example, a necessary disclosure would be to our independent contractors, and
in certain situations,to unrelated third party consultants who need to know that information to
assist us in providing appraisal services to you. All of our independent contractors and any
third party consultants we engage aze informed that any information they see as part of an
appraisal assignment is to be maintained in strict confidence within the firm. A disclosure
required by law would be a disclosure by us that is ordered by a court of competent jurisdiction
with regard to a legal action to which you are a party.
We will retain records relating to professional services that we have provided to you for
a reasonable time so that we aze better able to assist you with your needs. In order to protect
your nonpublic personal information from unauthorized access by third parties, we maintain
physical, electronic and procedural safeguazds that comply with our professional standazds to
insure the security and integrity of your information.
17
LARRY E. FOOTE
REAL ESTATE APPRAISER
EXPERIENCEc
1979-Present: Chief Appraiser, Diversified Appraisal Services,Carlisle, Pa.
Principal Broker,LaRue Development Company,Carlisle,Pa.
1976-1979: Associate Broker, Colonial Realty,Carlisle, Pa.
1972-1976: Realtor Associate,Jack Gaughen Realtor, Carlisle, Pa.
Appraisal experience included undeveloped land, farms, building lots, single-family dwellings, mobile
home parks,medical centers,nursing homes,motels,aparhnent buildings and complexes, office
buildings, service stations,veterinary clinics,rehabilitation centers,retail buildings,daycare centers,
warehouses,and manufacturing facilities.
EDUCATION:
Bachelor of Business Administration, Pennsylvania State University, 1976.
Associate Bachelor of Business Administration, Harrisburg Area CommuniTy
College, 1974.
Diploma,Carlisle Senior High School, 1965.
Certificate, Pennsylvania Realtors Institute, GRI I,GRI II, GRI III.
Certificate, Realtors National Marketing Institute,CI ]Ol,CI 102,CI 103,CI ]04,
CI 105.
Standazds of Professional Practice,American Institute of Real Estate Appraisers.
Real Estate Appraisal Principles, American Institute of Real Estate Appraisers.
Residential Valuation,American Institute of Real Estate Appraisers.
Appraisal Procedures,Appraisal Institute.
Principles of Income Property Appraising, Appraisal Institute.
Case Studies in Real Estate Valuation,Appraisal Institute.
Report Writing and Valuation Analysis, Appraisal Institute.
PROFESSIONAL LICENSES:
General Appraiser#GA-000014-L,Commonwealth of Pennsylvania.
Real Estate Broker#RB-029729-A, Commonwealth of Pennsylvania.
PROFESSIONAL DESIGNATIONS EARNED:
GRI: Graduate of the Pennsylvania Realtors Institute,awarded by the Pennsyl-
vania Association of Realtors.
CRS: Certified Residential Specialist,awarded by the Realtors National Mazket-
ing Institute of the National Association of Realtors.
CCIM: Certified Commercial Investment Member, awarded by the Realtors
National Mazketing Institute of the National Association of Realtors.
PROFESSIONAL ORGANIZATION AFFILIATIONS:
National Association of Realtors Appraisal Section.
Greater Harrisburg Association of Realtors.
Pennsylvania Association of Realtors.
National Association of Realtors.
Realtors National Marketing Institute.
18
PAST CLIENTS:
Borough of Carlisle American Home Bank
Keystone Financial Mortgage Trans Union
Comerstone Federal Credit Union M&T Mortgage Corporation
Pennsylvania State Bank Cody Financial Mortgage Services
Commerce Bank Waypoint Bank
Cumberland-Perry Association for Retarded Citizens Northwest Savings Bank
Carlisle Suburban Authority Blue Ball National Bank
Members 1 s`Federal Credit Union Adams County National Bank
Pennsylvania National Bank Countrywide Home Loans
Evans Financial Corporation Aarrow Mortgage
Greenawalt&Company,CPA Various law firms and individuals
Smith's Transfer Corporation
Carlisle Department of Parks and Recreation
Executive Relocation Services
Carlisle Area School District
Messiah Homes,Incorporated
ERA Eastern Regional Services
Pennsylvania Turnpike Commission
Chase Home Mortgage Corporation
Defense Activities Federal Credit Union
Pennsylvania State Employees Credit Union
PNC Mortgage Corporation
F&M Trust Company
National City MoRgage Corporation
Washington Mutual Home Loans, Inc.
Prudential Relocation Services
Lender's Choice
Market Intelligence,Incorporated
United Telephone Employees Federal Credit Union
Cumberland County Commissioners
Allstate Enterprises Mortgage Corporation
Dickinson College
PPG Industries,Incorporated
Gettysburg College
Redevelopment Authority of Cumberland County
Record Data Appraisal Services,Incorporated
First United Federal Savings Association
Fulton Bank
United States Marshall Service
GMAC MoRgage Corporation
Orrstown Bank
Letterkenny Federal Credit Union
BancPlus Mortgage Corporation
Coldwell Banker Relocation Services, Incorporated
Central Pennsylvania Savings Bank
Mellon Bank
Provident Home Mortgage Corporation
Drovers Bank
19
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24
.
SUMMARY APPRAISAL REPORT
13 BUCHANAN STREET
NEWVILLE, PENNSYLVANIA
PREPARED FOR
JOHN E. BENDER
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA
17013-3052
(717)249-2758
Diversified AppraisaC Services
Rea!Esfate Ap�xaisers eod Constrttants 35 Easf X'�gh SYreet
Carlisle,PA?7013-3032
(717)249-2758
FAX(7t 7J 25&-470!
Apri125,2013
TO: The estata af John E.Bender
FM: Larry E. Foote
RF,: Sumrnary Appraisal Report
Residendal Property
13 Buchanan Street
Newville, Pannsylvania
At your reqaest,I have appraised the eaptioned property. The appraisal report,which
follaws this letter, is submitted in sugport of my opinian of Market Value of the Fee Simple
Interest in the property,as of March 24, 2013.
I hereby certify that,ta the best of my knowledge and belief,the data, facts, and
opinions set forth therein,aza accurate,subject to the 3tatement af Assumptions and Limiting
Conditions that is also ma@e a part of the report,and that the indicated Marke#Value of the
subject property, as af Mazch 24, 2013 is:
0I�3E HUNDRED AND STX THOUSAND DOLLARS
$106,000
This appraisal has been mada in eonfornvty with the standards of professional praotice
of the National Association of Realtors Appraisal Section. I appreciate your having considered
me for this assignment and trust that you fmd the report entirely satisfaetory.
Respectfully submitked,
� '
Lany E. Faote
Pa. Certified General Appraiser
GA-Q04014-L
2
SUMMARY OF IMPORTANT FACTS AND CONCI,USIONS
LOCATION: 13 Buchanan Street
Newville, Pennsylvania
TAX PARCEL NUMBER: 28-21-0361-085
IMPROVEMENTS: Two-story detached single-family dwelling.
PROPERTY RIGHTS: Fee simple interest.
OWNERSHIP HISTORY: The subject property is owned by John E. Bender. The
property last transferred on February 28, 1969 for a
reported consideration of$8,000 and ownership conveyed
on deed reference 23-G638.
SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the
subject's azea, an inspection of the subject property, an
estimation of the property's highest and best use,
consideration of all three approaches to value, and the
application of those relevant to the valuation of the
subject.
CLIENT: The estate of John E. Bender.
INTENDED USER: The estate of John E. Bender.
OBJECTNE: To estimate the mazket value of the subject property as
unencumbered.
EFFECTIVE DATE: March 24, 2013.
INSPECTION DATE: Apri122, 2013.
HIGHEST AND BEST USE: Continued use as a single-family residence.
COST APPROACH: N.A.
SALES APPROACH: $106,000
INCOME APPROACH: N.A.
FINAL VALUE CONCLUSION: $106,000
3
THE VALUATION PROCESS
The valuation process is defined in The.4ppraisal of Real Estate as published by the
Appraisal Institute, as"a systernatic set of procedures an appraiser follows to provide answers
to a client's t}uestions about real praperty value."
It consists of a series af steps that are appropriate to a specific and particular appraisal
assignment that begins with a client engaging a real estate appraiser to develop an opinion of
value for a specifie property as af a given effective date and ends when the appraiser
communicates and reports the final conclusions and opinions to the ciient.
Definition of the Appraisal Problem:
The first step in the appraisal process inctudes the presentation of the following:
l. Identification of the client,the intended use, and the intended usars of the appraisal
re�rt.
2. The purpose of the appraisai, inciuding a definition of the value being reported.
3. Determination of the effective date of the appraisal report.
4. Extraordinary assumptions that are applieable to the appraisai assignment.
5. Hypothetical conditions that are applioable to the appraisal assignment.
Scape of Wark:
Scope of work is defined in the Uniform Standards of Professional Practioe as being
"the type and extent of research and analyses in an assignment" This includes the degree and
extent of research and the data that is deemed as necessary ta deveiop a credible apinian of
value for the property being appraised.
Data Callection and Anaiysis:
The appraisar rnust gather and analyze rnarket azea data, subject property data, and
comparable property data that is relative and relevant to the appraisal assignment.
Development and Applicatian of Traditional Approaches to Value:
The appraiser must cansider wkuch of the three traditional appraaches to value are
applicable,relevant,and necessary for developing a credible apinion af value far the subject
property. These three traditional approaches to value include the Cost Approach, Sales
Cornparison Approach, and Income Cagitalization Approach. When two or more of these
approaches to valne are devetoged,the appraiser must determine the amount of emphasis and
consideration to be given to each of those approaches ta value, since one or more may have
greater significance in the appraisal pf a specific property.
Reconciliation of Value Indications and Final Opinion of Value:
The fina! step in the valuation process is the reconciliation of the value indications
developed by the appraiser. Recanciliation is the analysis of altemative eonctusions to arrive at
a final value estimate. Reaonciliatian is required because different value indications result
frorn the use of multiple approaches to value and witlun the application of a single approach.
The final value estimate is nat derived simply by applying technical atAd quantitative
4
_ _
procedures, rather, it involves the exercise of judgment, and the value conclusion reached must
be consistent with market thinking.
5
APPRAISAL CERTIFICATION
I hereby certify that upon application for valuation by:
JOHN E. BENDER
the undersigned personally inspected the following described property:
All that certain piece or parcel of land, with the nnprovements thereon erected, situate
in the Borough of Newville, Cumberland County, Pennsylvania, bounded and described as
follows:
Beginning at a point on Buchanan Street by land of Silas Mentzer and wife; thence by
same in a westerly direction about 132 feet 5 inches to Pennsylvania Avenue;thence by said
Avenue in a northerly direction about 33 feet 7 inches to land of Michael Clouser; thence by
said land in easterly direction about 121 feet 3 inches to said Buchanan Street;thence along
said street in a southerly direction about 33 feet 1 inch to the place of beginning.
To the best of my knowledge and belief the statements contained in this report are true
and correct, and that neither the employment to make this appraisal nor the compensation is
contingent upon the value reported, and that in my opinion the Market Value as of March 24,
2013 is:
ONE HUNDRED AND SIX THOUSAND DOLLARS
$106,000
The property was appraised as a whole, subject to the contingent and limiting conditions
outlined herein.
� '
Larry E. Foote
Pa. Certified General Appraiser
GA-000014-L
6
INTENDED USE OF THE APPRAISAL
The intended use of this appraisal is to estimate the Mazket Value of the subject
property as of March 24, 2013.
Mazket Value is defined as the most probable price which a property should bring in a
competitive and open mazket under all conditions requisite to a fair sale, the buyer and seller,
each acting prudently, knowledgeably and assuming the price is not affected by undue
stimulus. Implicit in this definition is the consummatio� of a sale as of a specified date and the
passing of title from seller to buyer under conditions whereby:
a. Buyer and seller are typically motivated.
b. Both parties aze well informed or well advised, and each acting in what
he considers his own best interest.
c. A reasonable time is allowed for exposure in the open market.
d. Payment is made in terms of cash in U.S. dollars or in terms of financial
arrangements compazable thereto.
e. 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.
Source: Office of the Comptroller of the Currency, 12 CFI §34.42(�.
HIGHEST AND BEST USE
Highest and Best Use is defined by the Appraisal Terminology and Handbook,
published by the Appraisal InsUtute, as "the most profitable likely use to which a property can
be puY'. The opinion of such use may be based on the highest and most profitable continuous
use to which the property is adapted and needed, or likely to be in demand, in the reasonable
near future.
However, elements affecting value that depend upon events or a combination of
occurrences which, while within the realm of possibility, aze not fairly shown to be reasonably
probable, should be excluded from consideration. Also, if the intended use is dependent on an
uncertain act of another person,the intention cannot be considered.
Based on the above definition and after seeing the site, neighborhood, and azea, it is my
opinion that the present use of the subject is its Highest and Best Use.
7
flWNERSHIP FIISTtJRY
The subject property is owned by John E. Bender. The property last transferred on
February 28, 1959 for a reported consideration of $8,404 and ownership conveyed on deed
reference 23-G638.
EST'IMATED MARKETIIYG'£IME
The reasonable mazketing time is an estimate of the amount of tirne that it would take to
sell a property at the estimated market value during the geriod of time immediately after the
effective date of the appraisal assignment. it is estimated that if the subject property were
offered for sale at the indicated Market Value, a reasonable mazketing time would be six to
twelve manths. This estimate is based upon quarteriy salas figures published by Ceniral Penn
Mu[ti List, Inc.
ECONOMIC TRENI}S
Historically, property values far similaz pmperties have steadily increased, with
vacancy rates remaining stable. However, the recent tag in the economy has resulted in a
leveling of appreciation rates and langer marketing times. Financing is readily available to
qualified purchasers at reasonable rates and terms.
EXPOSURE TIME
The length of time the property being appraised would have been offered on the marke#
prior to the hypothetical consummation of a sale at the market vaiue on the efFective date of the
appraisal. Exposure time is presutned to precede the effective date of the appraisal. The
reasonable exposure period is a function of price,time and use.It is not an isotated opinion af
time alone. Exposure rime is different for various types of property and under various market
conditions. It is a retrospective opinion based on an analysis of past events,assuming a
competitive and open market. Ft assumes not only adequate,sufficiant and reasonable time but
adequate, sufficient and a reasonable rnarketing effort. Exposure time and conclusion of value
aze therefoce interrelated. Based uppn the infarmation presented in this report, a reasonable
exposure time far the suhject property is esfimated ta be six ta twelve manths.
8
SITE DATA
ADDRESS: 13 Buchanan Street
BOROUGH: Newville
COLJNTY: Cumberland
STATE: Pennsylvania
LOT SIZE: .09 acre.
SEWERS: Public utility.
WATER: Public utility.
ELECTRICITY: PP&L
LANDSCAPING: Typical for the azea,with a sodded lawn,trees and shrubs.
DETRIMENTAL INFLUENCES
None. Pride of ownership is evident throughout the neighborhood.
DESCRIPTION OF IMPROVEMENTS
GENERAL DESCRIPTION: Two-story detached single-family dwelling containing approxi-
mately 1,296 square feet of gross living area above grade.
CONDITION: Exterior: Average
Interior: Average
ROOMS: First Floor: Living room, kitchen and dining room.
Second Floor: Three bedrooms and a full bathroom.
Basement: Partial,with dirt floor.
EXTERIOR: Foundation: Stone
Walls: Aluminum siding.
Sash: Wood-framed, single-glazed.
Gutters: Aluminum, painted.
Roof: Gable, standing seam steel.
Storm units: Combination storm and screen windows.
9
INTERIOR, PRINCIPAL ROOMS: Flooring: Cazpet and vinyi.
Walls: Drywall and wood paneling.
Ceilings: Drywatl and aaoustical tile blacks.
Trim: Wood, narival finish.
KITCHEN: Cabinets: Waad,knotty pine.
Counters: I.aminate
Walls: Drywall, painted.
Flaoring: Vinyl
Sink: Double-bowt, st,ainless steel.
BATHROOM: Flaaring: Vinyl
Walls: Ceramic tile blocks and painted drywall.
Bathtub: Built-in, with shower.
Lavatory: Vaiuty
Water closet: Two-piece.
Medicine cabinet: Wall-mounted.
CONSTRUCTION: Joists: Wood '
Beams: Wood
Plumbing: Copper and cast iron.
HEATING: Oil-fired hot water.
COOLING: None
HOT WATER: Heated by the fiarnace.
ELECTRIC: Circuit breaker system, 100-ampere.
OTHER: Attached to the front and reaz of the dweiling are covered porches.
GENERAL CONDITION: All impravements are considered to be in avarage condition an the
interior and on the exterior, with mechanical systems appearing to be adequate and funotianing
praperly.
IO
THE APPRAISAL PRqCESS
Three approaches ta value are generally inclixded in an appraisal report. These
techniques include the cc�st appmach, sales comparison approach, and incarne apgroach ta
value.
The ccrst appraach to value is based on the assump#ion that Eha repmductian cast af a
building pTus land value,tends to set the upper limit to value. A key assurnption is that a newly
constructed building would have advantages over the existing building, therefore an evaluation
focuses upan disadvantages or deficiencies {depreciation} of the exis6ng building compared to
a new faciliry. Due ta the aga of the subject irnprovements, the cost approach is considered to
be inappropriate and has, therefore, not been included in the development of this appraisal
repOrt.
The sales cornparison approach to value assurnes that under norrnal conditions, a given
number af parties acting intelligently and valuntariiy, tand to set a pattern from which value
can be estimaYed. Application of this approach relies on a camparison of the subject with a
sufficient nurnber of recent transactions of carnpazable properties in the mazket, based on a
cammon unit,such as price per sqt�are faat of building area.
The income approach concerns itself with present worth af the future potantial benefits
of a property. The initial estimate involves the net incame, which a fully informed persan is
justified in assuming the property will produca during its remaining usefizl life. This estitnated
net income is then capitalized into a value estirnate, based upon the level of risk as compazed
with that of a similar tyge and class. Since homes similar to the subject are not typicalty
utilized as income-producing investment properties, the income approaoh to valae is considered
to be inappropriate and has; therefore, not been inclndad in the development of this appraisal
re�Ort.
11
, �_
SALES COMPARISON APPROACH
In arriving at this conclusion of the value of the subject property, the appraiser made a
survey of praperties that have sold in the area of the subject praperty.
Consideration was given and adjushnents were rnade on each compazable sale as to
time of sate, size, lacatian, as well as all other factars that might affect value. A resume of
sorne of the sales considered by tfie appraiser is as follows:
SALE NO. 1:
Location: 35 Parsonage Street,I�iewville.
Date of Sale: August 27, 2012.
Sale Price: $110,44Q
Size: 1,276 squaze feet.
Unit Price: $86.21 per square foot.
SALE NO. 2:
Location: $ Corporation Street,Newville.
Date af Sale: Deceml�r 27, 2011.
Sale Price: $115,000
Size: 1,356 squaze feet.
Unit Price: $&4.81 per square foot.
SALE NO. 3:
Location: 111 Broad Street,Newville.
Date of Sale: December 21, 2Q10.
Sale Frice: $85,000
Size: 1,21$ square feet.
Unit Price: $69.79 per square foot.
The appraiser, in additian to the sa]es listed, also cansidered several additional sales in
arriving at his final apinion of value. Qn the Sales Cornparison Analysis form that folIows this
page are dollar adjustments reflecting market reaction to those items of signifrcant variation
between the subject and camparable pmperties. If a significant item in the camparabie
property is superior to, or more favarable than, the subject property, a minus (-) adjustment is
made, thus reducing the indicated value of the subject; if a significant item in the compazable is
inferiar to, or less favorable than, the suhject pmgerty, a plus {+} adjustment is mada, thns
increasing the indicated value of the subject.
After making all of the necessary adjustments, it is the appraiser's considered apinian
that the indicated value of the subject property by the Sales Comparison Approach is $106,000.
12
i
SALES COMPARISON ANALYSIS
TTEM StIB1ECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3
13 Buchanan Street 35 Perwnage Street 8 Carywration Street l l l Broad Strcet
Address Newville Newvi(le Newville Nawville
Proximity ta Su6ject b blocks S blacks 6 blocks
Sale Price N.A. $110,000 $115,000 $85,000
Price t Sq.Ft GLA N.A. S862t $84.81 $64J9
Bsta Source Inspection Courthonse&Centlat Penn MLS Courttwuse&Crntrat Penn MF.S Courthnuse&Centret Penn MI.S
AD]USTMENTS DESCRIPTION DESCftIPTION $ Adjust. DESCRIPTiON $At�just DESCRIPTION $Adjust.
� Sales or Financing $3,430 buyer Gosing
Concessians Nflne costs pd.by sdior -J,SW Norn
Deteqf5ale/Time Asof3-24-13 8-27-12 12-27-ll 12-21-ID �^
Location Average Similer Sim'rlar Similar
Sim!View .04 acre _77 acre -2.000 25 acre -2,Op4 .20 acre -2,000
Design and Appeel Two-story detached Similar Similar Similar
Construction Aluminum siding Vinyl siding Aluminum siding Alum.&vinyl siding
Age ]13 ye�s 115}+rars 43 ytars 83 years
Condition Average Similar Similaz Similar
Above Grade Tot Bed. Bath Tot 6ed. Balh Tok Bed. Beth Tat Bed. Bath
Room Count 6 3 1 b 2 l 7 3 1 -2,IX}6 7 9 2 -4,004
Gmss Living fvea I,296 square feet 3,276 square feet 1,356 square feet t,21 S square feet
Basemoni&Finished �
Roome Delow Grade Partie!basemem Simiisr Similar Simitaz
FuncUOnat Utiti Avsr e Similaz Similar Sirniiar
Heetin /Coolin Oil-firod hot water Basebaazd electric Heat um -2 Op0 Qil•fired hot water
' G /C art None None None Two-car -IO 000
Porches,Patias Twu}wrches,storage �Two porches,eno{. Wrap pasch,potch,
Poot etc. Two ehes buildin -Si70 rch wood deck -t,000 enet. ch,wd,deck -I SW
Special Energy Typical for the
Etficient Items re ion. Similaz Similar Similar
F" la s None Two& laces -2,Op0 Nooe Npfre
�rer(e.g.kitchen
equip„remodeling) Built-ins. Similar Similar Similar
Net Ad'. totai) -0,500 -10 500 -l9 500
indicated Va(ue
ofSub�ect 145,500 I04 S00 61,SOQ
FINAL INDICATEI7 VALLIB QF SUBJECT PR{}PER"T`Y: $106,040
13
CORRELATION
Correlation may be defined as "the bnnging together af parts in a proper relatianshig."
The parts of this appraisal report aze the following appraaches to value your appraiser used:
Va1ue Indicated by Cost Approach N.A.
Valna Indicated by Sa1es Comparison Approach $106,000
Value Indicated by Income Approach N.A.
These approaohes aze representative of the mazket vaiva of the subject property. I have
careftilly reexamined each step in each rnethod, and I balieve the conclusions accurately reflect
the attituda of tygicat purchasers of this tyge praperty in this neighborhoad. It is my belief that
this reexamination has confirmed the original conclusians.
The Cost Approach will result in an excellent estimate if all elements are figured
accwately, because no prudent person will pay more far a property than the cast to praduce a
substitute praperty with equal desirability and utility. Purchasers of the type of dwelling
typical of the subject praperty are rnare eoneerned with amenities than with hypathetical
replacement of the property. Due to the age of the suhject improvements, the Cost Approach is
considered to be inappropriate and has not been included in this appraisal report.
The Sales Camparison Approach was based on several recent sales of properties sirnilar
to that of the subject, all of which are located in the same general azea. The adjusted sales
prices are most consistent under cc>mparison. Ttus appraach is the most reliable because it
reflects the reactions of typica[buyers and sellers in the mazket.
The Iricame Appmach is most applicable ta income pratiucing progerties ar graperties
that are prirnarily utilized far income producing purpases. Purchasers of inaorne producing
praperties are willing to pay no more for a particular properiy than the net operating income
will supgort. Since tha majority af pmperties similar ta the subjec# are nat utilized far incame
producing purposes,this appraach to value has not been included in this appraisal report.
Therefore, as a result af this appraisal and analysis, it is tius apgraiser's considered
judgment and opinion that the Market Value of the subject property, as af Mazch 24, 2013, is:
QNE H[UNDRED AND 3IX THOLTSANI3 DOLLARS
$106,000
14
UNDERLYING ASSUMPTIONS AND LIMITING
CONDTTIONS SUBJECT TO THIS APPRAISAL
1. I assume no responsibility for matters legal in nature, nor do I render any opinion as to
the title, which is assumed to be marketable. The property is appraised as though under
responsible ownership.
2. The legal description used herein is conect.
3. I have made no survey of the property, and the boundaries aze taken from records
believed to be reliable.
4. I assume that there aze no hidden or unappazent conditions of the property, subsoil or
structures which would render it more or less valuable. I assume no responsibility for
such conditions or for engineering which might be required to discover such factors.
5. The infbrmation, estimates, and opinions furnished to me and contained in this report
were obtained from sources considered reliable and believed to be true and conect.
However, no responsibility for accuracy can be assumed by me.
6. This report is to be used in its entirety and only for the purpose for which it was
rendered.
7. Neither all nor any part of the contents of this report (especially any conclusions as to
value, the identity of the appraiser or the firm with which he is connected) shall be
reproduced, published, ar disseminated to the public through advertising media, public
relations media, news media, sales media, or any other public means of communication,
without the prior written consent and approval of the appraiser.
8. This appraisal was prepazed under the extraordinary assumption that any easements or
rights of way of record have no adverse impact upon the highest and best use or value
herein reported. A title search was not requested nor included in the scope of work for
this assignment.
9. This appraisal was prepazed for the exclusive use of the client identified in this appraisal
report. The information and opinions contained in this appraisal set forth the
appraiser's best judgment in light of the information available at the time of the
preparation of this report. Any use of this appraisal by any other person or entity, or
any reliance or decisions based on this appraisal aze the sole responsibility and at the
sole risk of the third party. The appraiser accepts no responsibility for damages
suffered by any third party as a result of reliance on or decisions made or actions taken
based on this report.
15
CERTIFICATE OF APPRAISAL
I certify that, to the best of my knowledge and belief:
1. The statements of fact contained in this report are true and conect.
2. The reported analysis, opinions, and conclusions are limited only by the reported
assumptions and limiting conditions and aze my personal, impartial, and unbiased
professionalanalyses, opinions, and conclusions.
3. I have no present or prospective interest in the property that is the subject of this report
and no personal interest with respect to the parties involved.
4. I have no bias with respect to the property that is the subject of this report or to the
parties involved with this assignment.
5. My engagement in this assignment was not contingent upon developing or reporting
predetermined results.
6. 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.
7. My analyses, opinions, and conclusions were developed, and this report has been
prepared, in conformity with the Uniform Standards of professional Appraisal Practice.
8. I have made a personal inspection of the property that is the subject of this report.
9. No one provided significant real properiy appraisal assistance to the person sign-
ing this certification.
� '
Lazry E. Foote
Pa. Certified General Appraiser
GA-000014-L
16
PRIVACY NOTICE
Pwsuant to the Gramm-Leach-Billey Act of 1949, effective July 1, 2001, appraisers,
along with all providers of personat financial services are now required by federal iaw to
infarm their clients of the policies of tha firm with regard ta the privacy of client nonpubiic
personal inforrnation. As prpfessionals,we understand that your privacy is very important to
you and are pleased ta pravide yau with this informatian.
In the course af perforrning appraisals, we may callect what is known as"nonpublic
gersonal information" abaut you. This information is used to facilitate the services that we
provide to yau and may include the information provided to us by you direcYly or received by
us from others with your authorization.
We do not disclose any nonpublic personat infarmation abtained in the course of aur
engagement with our clients to nonaffiliated third parties, except as necessary or as required by
law. By way af exampte,a necessary disclosare wauld be to aur independent cantractors,and
in certain situations,ta unrelated third party consuTtants wha need to know that infarmation to
assist us in praviding appraisal servicas to you. All of aur independent contractors and any
ttrird party consultants we engage are informed that any informatian they see as part of an
appraisal assignment is to be rnaintained in strict co�dence within the firm. A disetosure
required by law would be a disclosure by us that is ordered by a court of competent jurisdiction
with regard to a legal action to which you aze a parEy.
We will retain records relating to professional services that we have provided to yoix for
a reasonable time sa that we are better able to assist you with yaur neads. In order ta pmtect
your nonpublic persanai information from unauthorized access by third parties, we maintain
physical, electronic and procedural safeguazds that cornply with ow professional standazds to
insure the security and integrity af your information.
17
Ln�� E. FoaTE
REAL ESTATE APPRAISER
EXPERIENCE:
1979-Present: Chief Appzaiser,Diversified Appraisal Servioes,Carlisle,Pa.
Principal Broker, LaRue Development Company,Carlisle, Pa.
197G-1979: Assaciate Broker,Colonial Realty,Carlisle,Pa.
1472-1976: Realtor Associate,Jack Gaughen Realtor,Carlisie, Pa.
Appraisal experience included undeveloped iand,fanns, buitding fots,single-famity dwellings,mobite
home parks,medical oenters,nursing hornes,motels,apartment buiidings and eompiexes,affice
buildi�gs, sarvice stations,veterinary ciinics,rehabilitation centers,retail bui(dings,daycare centers,
warehouses,and manufacturing faoiiities.
EDITCATION:
Bachelor of Business Administration,Pannsylvania Staie Univsrsity, 1976.
Associate Sachelor af Husiness Administration,Harrisburg Area Community
Coilege, 1474.
Diploma,Carlisle Senior High Sohaol, 1965.
Certificate,Pennsylvania Realtors IasrimYe,GRI I, GRC II,GRI'III.
Certificate,Realtors National Marketing Institute,CI 101,CI 102, CI 103, C[ 104,
CI 105.
Standards of Professionat Practioe,American institute of Reai Estate Appraisers.
Real Estate Appraisal Principles,American Institute ofReat Estate Appraisers.
Residential Valuation,American Institute of Rea} Estate Appraisers.
Appraisal Procedures,Appraisal Institute.
Principlas of Ineome Properiy Appraising,Appraisal Institute.
Case Studies in Real Estate Valaatian,Appraisal Institute.
Repart Wr"sting and Valuat'son Analysis,AppraisaS Institute.
PR(}FESSIQNAL LICENSES:
General Appraiser#GA-OOQ014L,Cammonwealth of Pennsylvania.
Real Estate Broker#RB-029724-A, Comrnonwealth af Pennsylvania.
PROFESSIONAL DESIGNATIONS EARNED:
GRI: Graduate of the Pennsylvania Realtors Institute,awarded by the Pennsyt-
vania Association of Reattors.
CRS: Certified Residential Specialist,awarded by the Realtors Nat'sonat Mazket-
ing Tnstitute ofthe National Association of Realtors.
CCIlbi: Certified Commercial Invastment Member,awarded by the Reaitors
Natianal Marketing Instihrte of the Nationa!Association of Realtors.
PROFESSIOIVAL ORGAN3ZATIOIV AFFILIATIONS:
Natianai Association af Realtars Appraisal Section.
Greater Harrisburg Association of Realtors.
Pennsylvania Association of Realtors.
National Association of Realtors.
Realtars National Marketing Institute.
18
PAST CLIENTSz
Borough af Carlisle American Home Bank
Keystone Financial Mortgage Trans Union
Cornerstone Federal Credit Union M&T Mortgage Corporation
Pennsylvania State Bank Cody Financial Mortgage Services
Commerce Bank Waypoint Bank
Cumberland-Perry Associs#ion far Retarded Citizens Northwest Savings$ank
Carlisle Suburban Authority Blue Bali Natianal FSank
Members 1�`Pederal Credit Union Adams County Nationai Sank
Pennsylvania National Bank Countrywide Home Loans
Evans Financial Corporation Aarrow Mortgage
Greenawalt&Company,CPA Vazious law firtns and individnals
Smith's Transfer Corporation
Carlisle Departrnent of Parks and Recrestion
Executive Relacation Services
Cadisle Area Sohool District
Messiah Hames,Incorporated
ERA Eastern Regional Services
Pennsytvania Turnpike Commission
Chase Home Mortgage Corporation
Defense Activities Federal Credit Union
, Pennsylvania State Employees Credit Union
PNC Mortgage Corporation
F&M Trust Company
Nafional City Martgage Corparation
Washington Mutual Home Loans,Inc.
Prudantiai Reloeation Services
L.ender's Choice
Market Intelligence,Incorporated
United Talephone Bmpioyees Federai Credit Unian
Cumberland County Commissioners
Allstate Enterprises MoRgage Corporation
Dickinson Coilege
PPG Industries,Incarporated
Gettysburg College
ftedevelopment Aufhority of Cumberland County
Record Data Appraisal Servrces,Incorporated
First United Federal Savings Associatian
Fulton Bank
United States Marshall Service
GMAC Mortgage Corparation
Onstawn Bank
Letterkenny Federal Credit Union
BancPlus MoMgage Corporation
Coldwell Banker Relocation Services,Incorporated
Centrat Pennsyivania Savings Bank
Mellan Bank
Provident Home Martgage Corparation
Dsovers Bank
19
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23
SUMMARY APPRAISAL REPORT
14 McFARLAND STREET
NEWVILLE, PENNSYLVANIA
PREPARED FOR
JOHN E. BENDER
BY
LARRY E. FOOTE
DNERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA
17013-3052
(717) 249-2758
Diversified Appraisal Servaces
Rea!Estats Appraisers artd Cansuttarafs 35 East High Sheef
Cadisle,AA 17013-3052
(717J 249-z758
� FAX(717)25�47Q1
Apri125,2Q13
TO: The estate of 3ohn E. Benc3er
FM: Larry E. Foote
ItE: Summary Appraisal Iteport
Resxdentia! Property
14 McFazland Streat
Newville, Pennsylvania
At your request,I have appraised the captioned property. The appraisa(repart,which
follaws this Cetter, is submitted in support o£my opinion of Market Value of the Fee Simple
Interest in the groparty,as of Mazch 24,2413.
I hereby certify that, to the best of my knowledge and belief, the data, facts, and
opinions set forth therein,are aecurate, subject to the SWtement of Assumgtions and Limitiag
Conditions that is also made a part af the repart,and that the indicated Market Value of the
subject property, as af Mazch 24, 2013 is: �
ONE HUNI�RED TWENTY-TWO 'I'HOUSAND DCILLARS
$r�z,000
This appraisa] has been made in confarmity witti the standards of professionai practice
of the National Assaciation of Realtors Appraisal Section. I appreciate qour having considered
me for this assignment and trust that you find the report entirely satisfactory.
Raspectfiilly submitted,
� '
Larry E. Foote
Pa. Certified General Appraiser
GA-QOQ414-L
�
2
SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
LOCATION: 14 McFarland Street
Newville,Pennsylvania
TAX PARCEL NLJMBER: 28-21-0361-024A
IMPROVEMENTS: Two-story detached single-family dwelling.
PROPERTY RIGHTS: Fee simple interest.
OWNERSHIP HISTORY: The subject property is owned by John E. Bender. The
property last transferred on July 6, 1990 for a reported
consideration of$1.00 and ownership conveyed on deed
reference 34-Q-1029.
SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the
subjecYs area, an inspection of the subject property, an
estimation of the property's highest and best use,
consideration of all three approaches to value, and the
application of those relevant to the valuation of the
subject.
CLIENT: The estate of John E. Bender.
INTENDED USER: The estate of John E. Bender.
OBJECTIVE: To estimate the market value of the subject properry as
unencumbered.
EFFECTIVE DATE: Mazch 24, 2013.
INSPECTION DATE: Apri122, 2013.
HIGHEST AND BEST USE: Continued use as a single-family residence.
COST APPROACH: N.A.
SALES APPROACH: $122,000
INCOME APPROACH: N.A.
FINAL VAI,UE CONCLUSION: $122,000
3
��
THE VALtJATION PROCE3S
The valua#ian process is defined in The Appraisal of Real Estate es published by the
Appraisal Institute, as"a systematic set of procedures an appraiser follows to provide answers
to a c2ient's questions about real property value."
It consists of a series af steps that aze appropriate to a specific and particulaz appraisal
assignment that begins with a client engaging a real estate appraiser to develop an opinion of
value for a specifie property as af a given effective date and ends when the appraiser
communicates and reports the final canclusians and opinions to the client.
I}e�nition of the Appraisal Prob2em:
The first step in the appraisal process includes the presentation af the following:
1. Identification of the olient, the intended use,and the intended users of the appraisal
report.
2. The purpose af the appraisal, including a definition of the value being reported.
3. Determination of the effective date of the appraisal report.
4. Extraordinary assumptions that are applieabie ta the appraisal assignment,
S. Hypothetical conditians that are appticable to the appraisaI assignment.
Scope af Wark:
Scope of wprk is defined in the Uniform Standards of Professional Practice as being
"the type and extent af research and analyses in an assignment" This includes the degree and
extent of research and the data that is deemed as necessary to develap a credible opinion of
value for the property being appraised.
Data Coilec#ion and An�lysis:
The appraiser must gather and analyze market area data, subject property data, and
comparable property data that is relative and relevant ta the appraisal assignment.
Development and Apptication of Traditional Approaches ta Value:
The t�ppraiser must consider which of the three traditional approaches to value are
applicabte,relevant,and necessary for deveioping a credible apinian of value for fhe subject
property. These three traditianal approaches ta value include the Cost Approach, Sales
Comparison Approach,and Income Capitalization Approach. When two or more of these
approaches ta value are deveroped,the appraiser must determine the amount of emphasis and
consideration to be given to each of those approaches to value, since one or more may have
greater significance itt the appraisal of a specific property.
Reconcilis�tion of Value Indications and Final Opinion of Value:
The final step in the valuation process is the reconciliation of the value indications
developed by the appraisar. Recanciliation is the analysis of alternative conciusions ta arrive at
a final value estimate. Reaonciliation is required bacause different value indications result
from the use of multiple appraaches to value and within the application of a single approach.
The final vaiue estimate is not derived simply by applying technical and quantitative
4
procedures, rather, it involves the exercise of judgment, and the value conclusion reached must
be consistent with mazket thinking.
5
APPRAISAL CEBTIFICATIQN
I hereby certify that upon application far vatuatian by:
JOHN E. BENDER
the undersigned personally inspected the following descri6ed praperty:
All that certain piece or parcel af land, with tha improvements thereon erected, situate
in the Borough of Newville, Cumberland County, Pennsylvania, bounded and described as
fallows:
Beginning at a point on McFarland Street at the southeastern camer af tand now or
formerly of John E. Bender;thence along land now or farmeriy of Bender,North 11 degrees 14
minntes 30 seconds Wesi 193.33 feet to an iron pin sei;thence along an alley,North 74 de�,rees
50 minutes 44 seconds East, 29.3Q feet ta an imn pin set;thence along Lot Na. � the £ollawing
seven courses and distanoes: (l) South 12 degrees QO minutes 45 seconds East 20.8b feet#o a
paint; {2) 3outh 12 degrees 45 minntes 24 seconds East 40.Q8 feet to a point; (3} South 13
degrees 38 minutes 54 seconds East 57.85 feet to a point; (4} South 67 degrees 1 b minutes 20
seoonds West 2,87 feet ta a point; (5) South l0 degrees 3t minutes 20 seconds East 35.10 feet
to a poini; (6)North 81 degrees 2$minutes East 2.74 feet to a paint; (7} South 10 degrees 54
minutes 50 seconds East 28.38 feet to an iron pin set;thence alang McFaziand Street, South 79
degrees Q4 min�tes West 31.95 feet ta an iron pin set,the paint and place of beginning.
To the best of my knowiedge and belief the statements contained in this report are true
and oorrect, and that neither the emp(oyment to make this appraisal nor the compensatian is
contingent upon the valne reported, and that in my opinion the Market Value as of March 24,
2013 is:
ONE HUNDRED TWENTY-TWO TIiOUSAND DCiLLAR5
$122,004
The pmgerty was agpraised as a whole, subject ta the contingent and limiting conditions
outlined herein.
� '
Larry E. Foote
Pa. Certified Generat Appraisar
GA-Od0014-t.
b
,. u�
INTENI?ED USE OF TI�E APPRAISAL
The intended use of this appraisal is to estimata the Mazket Value of the subject
property as of Mazch 24, 2413.
Market Value is defined as the most probable price which a praperty shoutd bring in a
compatitive and open mazket under aii conditions requisite to a fair sale, the buyer and setler,
each acting prudently, knowledgeably and assuming the price is not affected by undue
stimulus. Tmplicit ia this defuvtion is the consmnmation of a sale as of a specifred flate and the
passing of titla fram saller ta buyer under cond'riions whereby:
a. �3uyer and seller are typically motivated.
b. Both parties are well informed or weIl advised, and eaeh acting In what
he considers his own best interest.
c. r�reasonable time is allowed for exposure in the open market.
d. Payment is made in terms of cash in U.S. dollars ar in terms of financial
arrangements comparable thereto.
e. The price rapresents the normal consideration for the property sold
unaffected by sgeciai ar creative financing or sates concessions granted
�+y anyone associated with the sale.
Source: Office of the Comptroller af the Currency, 12 CFI §34.42{f}.
HIGHEST AND BEST IISE
Highest and Best TJse is defined by the Appraisal Terminolagy and Handbook,
published by the Appraisal Institute, as "the rnost profitable likely use to which a praperty can
be puY'. The opinion of such use may be based on the highest and most prafitable oantinuous
usa to which the property is adapted and needed, or likely to be in demand, in ihe reasonabte
near future.
However, elements affeoting valae that depend upon events or a combinatxon of
accurrences which, while within the realm of possibility, are not fairly shown to be reasonably
probabie, shoutd be excluded from cansideration. Alsa, if the intended use is dependent on an
uncartain act of another person,the intention cannot be considered.
, Based on the above definitian and after seeing the site, neighborhaod, attd area, it is my
opinion that the present use of the subject is its Highest and Best Use.
7
OWNERSHIP HISTOl2Y
The subject property is awned by John E. Bender. The properky last transferred on July
6, 1990 for a reported cansideration af$7.00 and ownership canveyed an deed reference 34-Q-
ib24.
ESTIMATED MARKETING TIME
The reasonable marketing time is an estimate af the amount of time ihat it would taka ta
sell a property at the estimated mazket value during the periad of time irnmediately after the
effective date of the appraisai assignment. It is estimated that if the subject property were
offared for sale at the indicated Mazket Valne, a reasonable marketing time would be six ta
twelve months. Ttus estimate is based upon quarterly sales figures published by Central Penn
Malti List,Inc�
ECONOMIC TRENTIS
Historically, property values for similar properties have steadily increased, with
vacancy rates remaining stable. However, the recent lag in the economy has resulted in a
levating af appreciation rates and Iongar marketing times. Financing is readily avaiIable to
qualified gurchasers at reasonable rates and terms.
EXP(3SZ.TRE TIME
The length of time the properry being appraised woixld have been offered on the markat
prior ta the hypothetical consumniation of a sale at the mazket value on the eff'ective date af the
appraisal. Exposure time is presumed ta precede the effecrive date of the appraisal. The
reasonable exposure periad is a functian of price,time and use. It is not an isolated opinion of
time alone. Expasure time is d'afferent for various types of property and under various market
conditions. It is a retrospective opinion based on an analysis of past events, assuming x
competitive mnd open market. It assumes not only adequate, suffrcient and reasonable time but
adequate, sufficient and a reasonabie marketing effort. Exposure time and conclnsion of value
aze therefore interrelaked. Based upon tha infocmatian presented in this report,a reasonable
exposure time for the subject property is estimated to be six to twelve manths.
8
SITE DATA
ADDRESS: 14 McFarland Street
BOROUGH: Newville
COiJNTY: Cumberland
STATE: Pennsylvania
LOT SIZE: .26 acre.
SEWERS: Public utility.
WATER: Public utility.
ELECTRICITY: PP&L
LANDSCAPING: Typical for the area, with a sodded lawn, trees and shrubs.
DETRIMENTAL INFLUENCES
None. Pride of ownership is evident throughout the neighborhood.
DESCRIPTION OF IMPROVEMENTS
GENERAL DESCRIPTION: Two-story detached single-family dwelling containing approxi-
mately 1,400 squaze feet of gross living azea above grade.
CONDITION: Exterior: Average
Interior: Average
ROOMS: First Floor: Living room, kitchen and toilet room.
Second Floor: Three bedrooms and a full bathroom.
Basement: Partial, with dirt floor.
EXTERIOR: Foundation: Stone
Walls: Brick and aluminum siding.
Sash: Vinyl-clad, double-glazed replacement windows. �
Gutters: Aluminum, painted.
Roof: Gable, with standing seam steel.
Storm units: Screens
9
INTERIOR, PRINCIPAL R04MS: Fioorin�: Carpet
Walls: I7rywa11 and wood paneling.
Ceilings: Drywall and acoustical tile blacks.
Trim: Wood, natural finish.
K2TCHEN: Cabinets: Knatry pine,natural finish.
Couniers: Laminate
Walls: Drywall,painted.
Flooring: Vinyl
Sink: Double-bowl, stainless steal.
$ATHROOM: Ftaoring: Vinyt
Walls: Wood paneling.
Bathtub: Built-in, with shower.
Lavatary: Pedestal sink.
Water closet: Two-piece.
Medicine cabinet: Built-in.
CONSTRUCTION: Joists: Wood
Beams: Wood
Ptumbing: Copper and cast iron.
HEATING: Oil-fired hot water.
COOLING: None
HOT WATER: Eiectric, 50-gallon.
ELF.CTRIC: Circuit breaker systern,200-ampere.
OfiHER: Attached to the front of the dweiling is a covered porch, and attached to
the rear of the dwelling is a heated enclosed porch and a balconq. Also located on the site is a
detaehed two-car garage.
GENERAL CONDITION: All improvements are considered to be in average condition on the
interior and on the exteriar, with mechanical systems appearing to be adequate and functioning
i properly.
10
THE APPRAISAL PROCESS
Three approaches to value are generally incladed in an appraisat report. These
techniques include the cost approach, sales compazison approach, and incorne approach to
value.
The cost approach to value is based on the assumption that the reproduction cost of a
building plus land value,tends to set the uppar lunit to va2ue. A key assumption is that a newly
constructed building would have advantages over the existing building, therefore an evaluatian
focuses upsm disadvantages or deficiencies (depreciation) of the exis6ng building aompared to
a new facility. Due to the age of the subject improvements, the cast appraach is considered to
be inappropriate and has, therefore, not been included in the deveJapment of this appraisat "
report.
The sales comparison approach to value assumes that under normal conditions, a given
nurnber of parties acting intelligently and voluntarily, tend to set a pattern from which value
can be esrimated. Application of this approach relies on a camparisan of tha subject with a
sufficicnt number of recent transactions of oomparable properties in tlte market, based an a
cornmon unit, sixch as price per square foot of building azea.
The incame agproach cancerns itself with present worth af the future potential benefts
of a properiy. The initial estimate involves the net income, which a fiilly fnfarmed person is
justified in assurning the property witl praduce during its remairung useful life. This estimated
net income is then cagitalized into a value estimate, based upon the level af risk as compared
with that of a similar type and class. Sinca hornes similaz to the subject aze not typically
utilized as income-producing investment properties,the inaome appmach to vaiue is considered
to be inappropriate and has, therefore, not been incinded in the develapment af this appraisai
report.
11
_ .
SALES COMPARISOlY APPROACH
In arriving at this canciusion of the value of the subject property, the appraiser made a
sucvey of prnparties that have sald in the area af the subject property. �
Consideratian was given and adjustments were made an each cornparable sale as to
tirne of sale, size, location, as we11 as all other factors that might affect value. A resume of
some o€the sales considered by the appraiser is as faliows:
SALE NO. l:
Locatian: 13 Cheshiut Street,Newvitla.
Date of Sale: May 14, 2414.
Sale Priee: $123,400
Size: 1,420 square feet.
Unit Price: $$6.62 per square foot.
SALE NO. 2:
I.ocatian: 35 Parsanage Street,Newvilte.
Date pf Sale: August 27,2012. '
Sale Price: $I IQ,Q04
3ize: 1,275 square feet.
Unit Price: $&6.22 per square foot.
SALE NO. 3:
Location: 8 Carparation Street,NewviIle.
Date of Sale: December 27, 201 i.
SalePrice: $125,400
Size: 1,356 square feet.
Unit Price: $84.$1 per square faof.
The appraiser, in addition to the sales listed, alsa aonsidered severa] additional sales in
arriving at his f nal opinion of value. 4n the Sates Comparison Analysis form that fallows this
page are doitar adjustrnents reflecting mazket reactian to thase items of significant variation
betcveen the subjact and compazable praperties. If a significant item in the comparable
praperty is superior ta, or more favarable than, the subject property, a minns (-) adjustment is
rnade,thus reducing the indicated vafue ofthe subject; if a significant item in the compazable is
inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus
inereasing the indicated value of the subjeot.
After rnaking ali of the nacassary adjustments, it is the appraiser"s considered opinion
� that the indicated value of the subiect property by the Sales Comparison Approach is $122,000.
12
SALES COMPARISON ANALYSIS
ITEM SUBJECT C4MPARA.BLE #1 COMPARABLE #2 CQMPARt1BLE #3
14 McFerland Sheef I3 Chestnut Street 3S Pazsonage 5treU 8 Co�porazion Strect
� Address Newviite Newvillp Newville Newville
Proximity ro Subject 7 blocks 6 hloakc 8 btocks
SalcPrice N.A. $123,000 $110,OOQ $315,000
� Rice/Sq.Ft.GLA N.A. $86.d2 $$621 $84.8]
Da[a Source Inspection CourYhouse&Canhal Penn MLS Courthouse&Cenlral Penn MLS Caurthouse&Cenvel Pann MIS
ADNS'TMENTS DF,SCRIP'i'ION DESCRIPTION $ Adjust, DESCRIPTION $Adjust DESCRIPTION $Adjust.
Sales or Financing $i,000 buyer's clos. $3,450 buyar closing
Concessions eosts pd.by setter -S,WO None costs pd.by seiler
DateofSatetTime Asof3-24d3 $-IO-10 8-27-i2 12-27-0i
[.acation Avetaga Similaz Similar Similer
Site t View ,2b acre .i l acre t2,00D .17 aere +I,000 25 acre
T)esign and Appeat Two-stary detached S'smiisr Similar Simitar
Cflnshucti� Briek&alum.siding Waod +5,000 Viny!siding +3,000 Alumi�um siding +3,000
Age I 13 yesrs I Q3 yca�s t!5 ysars 93 years
Condi6on Average Simitar Simlar Simitar
Above Grede Tot Bed. Bath Tot. Bed. Bath Tot. Bed. BatU Tat. Bed. Bath
RoomCount 5 3 t if3 � 3 t -3,06Q b 2 1 d,000 7 3 I +1,000
Gross Living Area 1,4Q0 square feet i,42Q square feet 1,27fi square feet +3,10(t t,35b square fee[
8ascment&Finished
Rooms Beiow Grade Partial basement Similar Simiiar Similar
� Funa6onal UUIi Avera e Similar Similar Similar
Heatin !Coolin 4il-ftted hot water Qi4fired hot sir Baseboard electric Heat um -2 000
G (C Two-eaz Simitar None +Iq,000 None +10000
Porches,Patios Poroh,encl.poroh, Two porebes,patio, Two peuctces,stoxage Twa porches,enct.
Poois,et¢. balcon e�closed orch -500 buildin +500 om6,wood deck -500
Specisi fine�gy Tppiuret for the
Ef&cient Ifems re ion_ Simiter Simi[az Simitar
Fi 1 s None None Twu fir laces -2,000 None
9ther(e.g.ttitchum
equip.,rematteling) Built-ins. Simitar Simitar Simitar
NetAd'. tocal -I.500 +IS.206 +8,000
lndiested Valae
otSub'eot 121,500 125,200 123 000
FINAL INDICATED VALU� dF SUBJECT PROPERTY: $122,000
I3
CORRELATION
CorreTation may be defined as "the bringing tagether of parts in a proper relationship."
The parts af this appraisaI repart are the foIlawing approaches to vatue your appraiser used:
Valua Inflicated by Cost Appraach N.A.
Vaiue Iadicated by Sates Comparison Approach $122,OOd
Value Indicatsd by Income Approach N.A.
These approaches are representative af the market value of the subject property. I haue
carefully reexamined eaoh step in each method, and I believe the conclusions accurately reflect
the attitude of typical purchasers of this type propsrty in this neighborhood. It is my belief that
this reexamination has canfirmed the ariginal conclusions.
The Cost Appraach will result in an excellant estimate if all elements are figured
accurately, because no prudent person wi11 pay rnore for a properry than the cast to produce a
substitute property with equal desirability and utility. Purehasers of the type of dwelling
typical of the subject property are more concerned with amenities than with hypothetical
replacement of the praperty. Due to the age of tha subject improvements, the Cost Appraach is
considered to be inapgropriate and has nat been included in this appraisal report.
"The Safes Cornparison Approach was based an several receni sales af praperties similar
to that of the subject, alt of which are located in the same generaf area. The adjusted salas
prices are most consistent under cornparison. This approach is the most reliable because it
reflects the reactions of typical buyers and sellers in the market.
The Tncorne Approach is rnost applicable to income producing properties or properties
that are primarity utilized far income pmducing puryaoses. Pruchasers of incame producing
praperties aze wiiling to pay na more for a particuTar property than the net aperating income
will support. Since Yhe rnajority af properties similaz to the subject aze not utilized for income
producing purpases, this appmach to vaiue has not been inoludad in this appraisal report.
Therefore, as a result of this appraisal and analysis, it is this appraiser's considered
jud�;ment and opinion that the Mazket Value of the subject property, as of March 24, 2013, is:
QNE IIi.JNDRED TWENTY-TWO THOUSAND DOLLARS
$122,000
i
14
iTNt?ERLYII�tG ASSUMPTIQNS AND LIMIT"ING
CONDTTIONS SUBJECT TO THYS APPRAISAL
i. I assume no responsibility far matters legal in naiure, nor do I render any opinion as to
the ptle, which is assumed ta be marketabte. The property is appraised as though under
responsible awnership.
2. The legal desoriprion used herein is correct.
3. I have made no survey of the property, and the boundaries are taken from records
belisved to be reliable.
4. I assume that there are no hidden or unapparent conditions of the property, subsoil or
stcvctures which would render it more ar less valuable. I assume no responsibiliry for
sucla conditions or for engineering which might be required to discover such factors.
5. The informatian, estimates, and opinions fumished to me and contained in this report
were obtained from sources considered reliable and belisved to be true and earrect.
However, na responsibility far accuraoy can be assumed by me.
6. This report is to be used in its entirety and only for the purgose foz which it was
rendered.
7. Neither all nor any part of the contents of this report (especiaily any conclusions as to
va(ue, the identity of the appraiser or the firm with which he is connected) shall be
reproduaed, published, or disseminated to the public thsough advertising media, public
relations media,news media, sales media,or any other public means of communication,
without the prior written consent and approval of the appraiser.
8. This appraisal was prepared under the extraorciinary assumption that any easements or
rights of way of record have no adverse impact upon the highest and best use or valixe
herein reported. A 4itle search was not reqnested nor inoluded in the scope of work far
this assignment�
9. This appraisal was prepared for the exclusive use of the client identified in this appraisal
repart. The information and opinions cantained in this appraisai set forth the
appraiser's best judgment in light of the information available at the tirne of the
prepazation of this report. Any use of this appraisaI by any other persan or entity, or
any reliance ar decisions based an this appraisai are the sole responsibility anfl at the
sole risk of the third party. The appraiser accepts no responsibility for darnages
suffered by any third party as a result af reliance on or decisions made or actions taken
based on this report.
15
I
CER'TIFICATE OF APPRAISAL
I certify that, to the best of my knowledge and belie£
1. The statements af fact contained in this report aze true and correct.
2. The reported anatysis, opinions, and conclusions are limited only by the reparted
assumptions and limiting conditions and aze my persona(, impaztial, and unbiased
professional analyses, opinions, and conclusians.
3. I have no present or praspective interest in the property that is the subject of this report
and no personalinterest with respectto the partiesinvalved.
4. I have no bias with respect to the property that is the subject af this report ar to the
parties involved with this assignment.
5. My engagement in this assignment was not contingent upon developyng or reporting
predetermined results.
6. My compensation for completing this assignment is nat contingent upan the
development or reporting of a predetermined value or direction in valua that favars the
canse of the client,the amount of the vatue apinion,the attainment of a stipulated result,
or the occurrence of a subsequent event directly related to the intended use of this
appraisal.
7. My anaIyses, opinians, and conclnsions were develaped, and this report has been
prepazed, in conformity with the Uniform Standards of professianal Appraisal Practice.
8. I have made a personal inspection of the property that is the sub�ect of this report.
9. No one provided significant real property agpraisai assistance to the perscro sign-
ing this certification.
� '
Larry E. Foote
Pa. Certified General Appraiser
CrA-000014-L
( I6
PRIVACY NOTICE
Pursuant to the Grarnm-Leach-Billey Act af 1499,effective July 1, 2001, appraisers,
along with ali providers of persanal financiai services are now required by federal law to
inform their clients of the policies of the fi�m with regard to the privacy of client nonpublic
personal information. As professionals,we understand that your privacy is very important ta
you and are pieased to provide ynu with this information.
In the course of perforrning appraisals, we may collect what is known as "nonpublic
personal infarmation"about you. This information is used to facilitate the services that we
provida to you and rnay include the information provided ta us by you directly or received by
us from others with your authorization.
We do nat disclase any nonpubiic personal informatian abtained in the course of aur
engagement with our clients to non�liated third parties,except as necessary or as required by
law. By way of example,a necessary disclosure would be to our independent contractors, and
in certain situations,ta unrelated third party consultants who need to knaw that infarmatian to
assist us in providing appraisal services to you. All of our independent contractors and any
Yfiird party consixttants we engage are informed that any information they see as part of an
appraisal assignment is to be maintained ia strict eonfidence within the firm. A disclosure
required by law would ba a disclosure by us that is ordered by a court of compeCent jurisdicYion
with regard to a Iegaf action to which you are a party.
We will retain records relating to professianal services that we have provided to you for
a reasonable time so that we aze better able to assist you with yaur needs. In order to protect
your nonpublic personai informatian from unauthoxized access by tiurd parties,we maintain
physical, electronic and procedural safeguazds that comply with our professional standazds ta
insure the security and integrity af your infornration.
17
LARRY E. FOOTE
REAL ESTATE APPRAISER
EXPERIENCE.
19'79-Present: Chief Appraiser, Diversified Appraisal Services,Carlisie,Pa.
Principal Broker,LaRua Developrnent Company,Carlisle,Pa.
t9'T6-1479: Associate Broker,Colonial Realty,Carlisle, Pa,
i972-1976: Realtor Associate,Jack Gaughen Realtor,Cazlisle,Pa.
Appraisal experience included undeveloped land,farms, building lots,single-family dwellings, mobile
home parks,medical centers,nursing homes,moteis,apartn�ant buitdings and oomplexes,office
buildings, service stations,veterinary clinics,rehabilitation centers,retait buiidings,daycare centers,
warehouses,and manufacturing facilitias.
EDUCATIONs
Bachelor of Business Administration,Pennsylvania State University, 1976.
Assaciate Bachelor of Business Administration,Hanisburg Area Comrnunity
College, 1474.
Diplama,Carlisle Senior I-Hgh 5o600i, I965.
CerGificate,Pennsylvania RealYara Instihrte,GRI I, Gffi II, G12I III.
Certificate, Realtors 1�aCio�a1 Marketing Instituta,CI ]QI,CI 102,CI 103,CI ]04,
CI I05.
Standards of Professional Practice,American Institute of Real Estate Appraisers.
Real Estate Appraisal Principles,American Institute of Real Estate Apgraisers.
ResidentiaI Valuation,American Institute of Reat Estate Appraisers.
Appraisal Prooedures,Appraisal Institute.
Principles of Income Property Appraising,Appraisal Institute.
Case Studies in R�Estate Valuation,Appraisal Instihrte.
Repart Writing and Valuation Analysis,Appraisal Institute.
PBOFESSIC?NAL LICENSES:
Generat Appraiser#GA-Od0014-L,Commonweslth of Pennsylvania.
Real Estate Broker#R$-029729-A,Commonwealth of Pennsylvania.
PRCIFESSIt7NAL DESIGNATIONS EARNED:
GRI: Graduate of the Pennsylvania Realtors Institute,awarded by the Pennsyl-
vania Association of Realtors.
CRS: Certified Rasidentiaf Specialist,awarded by the Realtors Natianai Market-
ing Institute of the National Association of Realtors.
CCIM: Certified Comrnercial Investment Member,awazded by the Realtors
National Marketing Institute af the Nationa! Associatian af Realtors.
PROFESSIONAL CIRGANIZATION AFFILIATIONS:
NaYional Assoaiat4on of Realtors Apgraisa! Section.
Greater Harrisburg Association of Realtors.
Pennsylvania Associatian of Realtors.
National Association af Realtors.
Rea[tors t�7ational Marketing Institute.
1$
PAST CLIENTS:
Barough of Carlisle Arnarican Home Bank
Keystone Financial Martgage Trans Union
Cornerstone Federat Credit Union M&T Mortgage Corporation
Pennsylvania State Bank Cpdy Finanoial Mortgage Services
Commerce Bank Waypoint Bank
Cumberiand-Perry Associatian for Retarded Citizens Narthwest Savings Bank
Carlisle Suburban Authority $lue Ball National Bank
Members I"Federal Credit Unian Adarns Couaty Natianal Bank
Pennsylvania Narianal Bank Caantrywide Hame Loans
Evans Financial Corparation Aarrow Mort�age
Greenawalt&Company,CPA Various law fians and 'tndividuals
Smith's Transfer Corporatian
Caztisle Department of Parks and Recreation
Executive Itelucation Services
Cazlisle An;a Schoot D'astrict .
Messiah Homes, Incorporated
ERA,Eastern Regional Services
Pennsylvania Turnpika Commisszon
Chase Hama Mortgage Corporation
Defense Activities Fed�ral Credit Union
Pennsylvania State Employees Credit Union
PNC Mortgage Corporation
F&M Trust Company
Natinnal City Mortgage Corporation
Washingtan Mutua3 Home Laans,Inc.
Pntdential Retocation Services
Lender's Choice
Market Intetiigence,Incorporated
United Teiephone Emplayees Federal Credit Unian
Cumberland County Commissionars
AIlstate Enterprises Mortgage Corporatian
Dickinsan Co]lege
PPG Industries,Incorparated
Gettyshurg College
Redevelopment Authority of Cnmbertand Coun#y
Reeord Data Appraisal Services,Incorporaked
First[Inited Federal Savings Association
Fulton Bank
UniYed States Marshalt Service
GMAC Mortgage Corporation
Orrstown Bank
Letterkenny Federat Cretlit Union
BancPlus Mortgage Corporation
Coldwell Banker Re(oeation Services,Incatpotated
Cen£ra1 Peansyivania Savings Bank
Mellan Bank
Provident Home Mortgage CorparaYion
Drovers Bank
� T9
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April 12, 2013
Irwin &McKnight PC
Attn: Matthew A McKnight
60 W Pomfret St
Carlisle PA 17013
RE: Estate of John E Bender Sr
Dear Mr. McKnight:
The following informatiott is being provided as per your request:
Acct. Type Account No. Balance at Accrued Ownership Date
D.O.D. Interestto Opened/Joint
D.O.D.
Statement 9615296 $20,934.04 $0.66 Individual
Savings 7/30/90
Account
Esteem I 11589 $41,18729 $1.05 Jt w/Kathy Lloyd 4/3/08
Checking
Account
Certificateof 172546 $11,195.91 $24.42 Individual
Deposit 1/19/07
Inquiries concerning ACNB Corporation stock information should be directed to the Registrar and Transfer Company
at 1-800-368-5948. Ifyou need any additional information, please contact me at(717)339-5122.
Sincerely,
�
�' � � l ! �� r,a_
j__
Barbara J Wamer /
ACNB Bank
Deposit Services Representative II
acnb.com � acnbbusiness.com�� P.O.Box 3129,Gettysburg,PA 7 7325 �Phone 7773343161 �Toll Free 1.888334.ACN6(2262)
CrJ��� �Tr�r.�zG G���, �n�c:
15 Big Spring Avenue
NEWVILLE, PENNSYLVANIA 17241
E CHARLE5 E�'iGER, Supervisor 71-�b��Q�� FRANK C. EGGER, Funeral Director
Apri121,2Qi3
Funera] biil for Jahn Bender
Date of service March 30, 2013
Professianat Service $4,375,00
Cemetery Opening $835.00
10 Death Certificates $6.00 a piece $60.Op
Ratlin Oak Casket $3,225A4
Burial vault $1,045.00
Sentinel Obituary $223.56
Va11ey Times Star Qbituary SO.Od
Flowers $184.00
Total $9,997.56
i
�C/�i�/`�/ �%`/�/Z�L���/i(/�/ e/%',%T/.
r4
15 6ig Spring Avenue
. � NEWVIILE, PENN5YI.VANIA 172di
F. CHARlE5 E'GGER, Supervitar 717-77b-3d1 d FRANK C. EGGER, Funeral Direcror
April I i, 2013
Dear Mrs. I,koyd,
l,nclosed is a copy af the funerai bili for your father's services. If yoa have any
questions,please call. Again I want to thank you for atlowing us to assist you at this
difftcult time=
Sincerety,
Chuck E
�--- -- � EBY GRANITE WORKS
.. '.� -' =�o�
p � � ,r ��oZ � P.O. Box 187
� II� ��� Newville, PA 77241-0487
u, , _ ��_= Phone: 717-776-5118
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P6one:776-3053
HOOVER'S PLUMBING & HEATING, INC.
�LETE LINE OF PLUMBING FIXTURES
FREE ESTIMATES
301 STEELSTOWN RD„ NEWVILLE, PENNSYLVANIA 17241
... ��" � �?� _�l
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CHARGES WILL BE ADDED AFTER 30 DAYS �
_ _
�
Diversified Appraisal Services INVOICE
Rea!Estate Appraisers and Consultants Number 042513B
35 East High Street
Suite 101
Carlisle, Pennsylvania 17013-3052 DATE: April 25, 2013
Tel: 717.249.2758
Faac: 717.258.4701
TO: The estate ofJohn E. Bender AMOLINT: $1,050.00
FOR: Residential Appraisal Reports
7 Buchanan Street, 13 Buchanan Street and 14 McFazland Street
Newville, Pennsylvania
Thank You,
���
Larry E. Foote
Certified General Appraiser
GA-000014-L
TERMS: Due upon receipt
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Vcov^„^••r,f�^,Vvu�1 '„^yV���y,V� II I IIIII'll II I I 2013 Statement of Real F_state Faxes Control No:028-000026
W111111111U1 eill Date: 7/01/2013
heeeased Land ImpTOVr�nent Mineral Total -
P����E valuee 1'1,300 99,900 0 /' 97,000
��� BIG 9PRINp 5.0. D sl count Face Penel �
DEBORAH W P�PER,DEPUTY T.C. --
4 WEST STREET Rates .01363600 .01263600 a a � �� id a
NEWVILLE PA17241 scxooc x a i,zoi.ie ,2as.6s 1,34d.26
Temp-Return Service Fequested TAX AMOUNT DUE----->
$1,201.18 $1,225.69 5�,348.2:_
nesc ASSESS.NO-28000237
MAPNO: 28-21A361-087. iE Paia on or after �/oi/zoia s/oi/zoi3 ii/oi/zoi3
7BUCHANANSTREET xf Paza on or Hefore /31 201 io 3i zoia ia/3i zoi3
ACRES .100 DEED 0023T/795 IFTAXESAREESCHOWEDPLEASEFORWA OPVTOMOpTGAGECO �
PAI D CASH OH MONEY ORDEH AFTEH 12124/73
RESIDENTIAL 1 FAMILY pE7URN BOTH COPIES OF BILL AND POSTAGE PAID ENVELOPE IF YOU
HE�UIRE A HECEIPT
PpYEq g636 WALNJ�UT BOTTOMRROAD ITE
NEWVILLE PA 17241 JUL 0 6 2013
BOROU6H OF NEWVILLE
ocvice MONDAY 9AM-4PM
�ouRS: 4 WEST ST.,NEWVILLE,PA 17241
DEC,JAN,FEB BY APPOINTMENT �
717-776-7633 � �f�2 ��ry n� �0
�j ,�$ °`-" a qetum Bill with Payment For a Receipt,
Tax Coll ctor Signa ure Date Paid Amount Paid Enclose a seH-addressed stamped enyelo
� — --------._.—__.--------_----__.-- �-----_- _.____ __.. .._...._ . .--__
DEBOflAN W PIPEfl,DEPVfV TAX COILECTOH Bill No: 42
2013 Statement of Real Estate Taxes Contro�No:028•00002i
Bill Date: 7/Ot/2013
Aeseaeed Lend ImDrovement Mineral Total •
PAY��E valuee 28,500 95,000 0 1Y3�500
'o: BIG SPRING S.D. Dls Face Penalt
DEBORAH W PIPER,DEPUTY T.C.
4 WESTSTREET Ratee .01263600 .012fi3600 a k io a
NEWVILLE PA17241 SCHOOL R E 1,529.36 1 560.55 1,]18.61
7emp-Return Service Requested TAX AMOUNT DUE-----> $7,529.3 1,560.55 $1,716.6
oesc: ASSESS.NO-28000172
MAP NO: 28-21-0361-024A if Paid On or After �/oi/aoia /oi/aoia ii/oi/zoi3
14MCFARLANDSTREET xf Paid on or sefore e si/aoi ia/3i zois iz 3i aoi3
ACRES 260 DEED 0034G 1029 IF TAXES ANE ESCHOWED PLEASE FOfl PY TO MORTGAGE CO
RESIDENTIAL 7 FAMILY PAi D R QU RE A�RE EIPT S OF BILL AND POSTAGE PAID ENVELOPE IF VOU
PAYEF 8636 WALN�UT BOTfOM ROAD ITE PJUI O B 20�3
NEWVILLE PA 17241
BOROU�H Of NEWVIl1E
OFFICE MONDAY 9AM-4PM
�rouns� 4 WEST ST.,NEWVIIIE PA 17241
DEC,JAN,FEB BY APPbINTMENT / y
717-77&7633 y, � Ir� ��
�JLJ1� $-1,2� Relum Bill with Payment.For a Recelpt,
,__ Tax.Coll or Signat re Date Pafd Amount Paid Enclose a self-addressed stamped envel
OEBOAAH W PIpEfl,DEPIT'TA%WLLECTOP --"-"-"' "-�
BIII No: 43
2013 Statement of Real Estate Taxes Conlrol No:028-000028
Bill Date: 7/01/2013
PAYqBLE leeeeaed Land ImDSOVement Mineral Total -
rQ: Valuee 15,000 79,500 0 9Q,500
DEBORAH W PIPER,DEPUTV T.C. B��SpRING s.o. Dlac Face Penel
4 WEST STREET Ratee .01263600 .01263600 2 a io a
NE�VVI�LE PA 17241 SCx00L R E 1 170,22 1 194.10 1 313.51 I
Temp-Return Service Requested
TAX AMOUNT DUE----> gi,no.zz i,iea.to Si,313.51
oesc� ASSESS.NO-28000235
MAPNO: 28-21-0361-085. ir eaia on or afeer �/oi/aoia /oi/zoi3 ii/oi/aoi3 �
13BUCHANANSTREET if Paid on or sefore e/ai �oia io 3i aoi3 is ai/�oia
ACRES .090 DEED 0023d 638 IF TAXES ARE E9CROWED PLEASE FOR D TO MORTGAGE CO
RESIDENTIA�7 FAMILY PAI D RE�U AEBA flECE�p7��F B LL AND 4POS7AGE PAID ENVELOPE IF YOU
�� BENDER JOHN E&MARGUERITE P
PAYEfl 1636 WALNUT BOTTOM ROAD JUL 0 8 2013
NEWVILLE PA 17241
BOROUGNOFNEWVILLE
OFFICE MONDAY 9AM-4PM
nouns: 4 WEST ST.,NEWVILLE,PA 17241
DEC,JAN,FEB BY APPOINTMENT �� �J'
717•776-7633 � X .�'7 ���b. zz
_ . . _. . _J1J.j� $ Return Bill with Payment.For a Receipt,