HomeMy WebLinkAbout07-30-14 REV-1500 1505610143
EX(02-11)
PA Department of Revenue lv OFFICIAL USE ONLY
p Pennsylvania county cane Year File Number
Bureau of Individual Taxes DEPARTMENT OF aEUErvUE
PO 60X.280601 INHERITANCE TAX RETURN 21 13 01157
Harrisburg,PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
09 11 2013 03 22 1943
Decedent's Last Name Suffix Decedent's First Name MI
SHELLER LAWRENCE E
(If Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
® 1. Original Return ❑ 2. Supplemental Return 3,Remainder Return(Date of Death
Pnor to 12-13-82)
❑ 4. Limited Estate 0 4a.Future Interest Compromise 0 5. Federal Estate Tax Return Required
{Gate of death after 12-12-82)
8
Decadent Died Testate 0 7 decedent Maintained a Living Trust 0 8, Total Number of Safe Deposit Boxes
(Attach Copy of Will) ( flach Copy of Twat)
0 9. Litigation Proceeds Received 13 to.Spousal Poverty Credit(Date of Death ❑ 11.Election to tax under Sec.9113(A)
between 12-31-91 and 1-1-95) (Attach Schedule O)
CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
HAMILTON C DAVIS ESQUIRE 717 532,75713x ,
C-�l
REGISTER W, LS USE50NLY G�
First Line of Address C z C4
20 EAST KURD STREET SUS j � >
Second Line of Address M.
PO BOX 40 u;
DATE FILED
City or Post Office State ZIP Code
SHIPPENSBURG PA 17257
Correspondent's e-mail address: hdavis @2Ullinger-davis.com
Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,
it is true,9ofrect and complete.Declaration of preparer other than the personal representative Is based on all information of which praparer has any knowledge.
SIGNAT9YOF PERSON SESPONWLT FOR FRAME RETURN DATE
p Barry Sheller a/
ADDRADDR
SS
55 Maple Avenue,Walnut Bottom, PA 17266
SIGNATUR F EPARER OTHE THAN REPRESENTATIVE DATE
Hamilton C Davis Esquire
ADDRESS
Zullinger-Davis,P.C.
20 East Burd Street, Suite 6, Shippensburq, PA 17257
Side 1
L 1505610143 1505610143
1505610243
REV-1500 EX
Decedent's Social Security Number
oecedem•s Names SHELLER, LAWRENCE E
RECAPITULATION
1. Real Estate(Schedule A).......................................................................................... 1. 113 , 0 0 0 00
2. Stocks and Bonds(Schedule B).............................................................................. 2.
3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C).......... 3.
4. Mortgages&Notes Receivable(Schedule D).......................................................... 4.
5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)................ 5. 2 , 793 . 43
6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............. 6.
7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property
(Schedule G) ❑ Separate Billing Requested............. 7,
8, Total Gross Assets(total Lines 1 through 7).......................................................... S. 115 , 793 . 43
9. Funeral Expenses and Administrative Costs(Schedule H)..................................... 9. 10 , 2 8 9 . 23
10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................. 10. 89 , 7 0 7 89
11, Total Deductions(total Lines 9 and 10).................................................................. 11. 99 , 9 9 7 12
12. Net Value of Estate(Line 8 minus Line 11)............................................................. 12. 15 , 7 96 . 31
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made(Schedule J)................................................. 13.
14. Net Value Subject to Tax(Line 12 minus Line 13)................................................. 14. 15 , 796 . 31
TAX COMPUTATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate,or
transfers under Sec.9116
(a)(1.2)X .00 15.
16. Amount of Line 14 taxable
at lineal rate x .045 15 , 796 . 31 16. 710 . 83
17. Amount of Line 14 taxable
at sibling rate X .12 17.
18. Amount of Line 14 taxable
at collateral rate X .15 18.
19. TAX DUE................................................................................................................... 19. 710 8 3
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑
Side 2
1505610243 1505610243
REV-1500 EX Page 3 File Number 21 - 13 - 01157
Decedent's Complete Address:
'DECEDENT'S NAME
Sheller, Lawrence E
STREETADDRESS
55 Maple Avenue
CITY STATE ZIP
Walnut Bottom PA 17266
Tax Payments and Credits:
1. Tax Due(Page 2,Line 19) (1) 710.83
2. Credits/Payments
A. Prior Payments
B. Discount
Total Credits(A +B) (2) 0.00
3. Interest
(3) 0.00
4. If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4)
Check box on Page 2,Line 20 to request a refund
5. If Line 1 +Line 3 is greater than Line 2,enter the difference. This is the TAX DUE. (5) 710.83
Make Check Payable to: REGISTER OF WILLS, AGENT.
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred;............................................................. x
b. retain the right to designate who shall use the property transferred or its income;............... x
c. retain a reversionary interest;or.................................................................................................................. x
d. receive the promise for life of either payments,benefits or care?.............................................................. x
2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?.................................................................................... ❑ ❑
3. Did decedent own an"in trust for' or payable upon death bank account or security at his or her death?......... ❑ ❑x
4. Did decedent own an individual retirement account,annuity,or other non-probate property which
containsa beneficiary designation?......................................................................................:............................... ❑ ❑
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dales of death on or after July 1, 1994 and before Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving
spouse is 3 percent[72 P.S.§9196(a)(1.1)(i)].
For dates of death on or after January 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S.§9116(a)(1.1)(it)]. The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of
assets and filing a tax re urn are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1,2000:
•The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an
adoptive parent,or a stepparent of the child is 0 percent[72 P.S.§9116(a)(y.2)].
•The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in
[72 P.S.§9116(a)(1)].
•The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S. 9116(a)(1.3). A
sibling is defined under Section 9102,as an individual who has at least one parent in common with the decedent,w9ether f y bloo�or adoption.
pennsylvania
y} DEPARTMENT OF REVENUE SCHEDULE A
INHERITANCE TAX RETURN REAL ESTATE
RESIDENT DECEDENT
ESTATE OF Sheller, Lawrence E FILE NUMBER
121
All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price
at which property would be exchanged between a willing buyer and a wil mg seller, neither being compelled to buy or sell,both having
asonable
re knowledge of the relevant facts. Real property which is Jointly-owned with right of survivorship must be disclosed on
schedule F.
Attach a copy of the settlement sheet if the property has been sold.
Include a copy of the deed showing decedent's interest if owned as tenant in common.
ITEM DESCRIPTION VALUE AT DATE OF
NUMBER DEATH
1 Real Estate known as 55 Maple Avenue, Walnut Bottom, PA 17266, South Newton Township, 113,000.00
Cumberland County, Tax Parcel#41-31-2232-009; 59 Maple Avenue, Walnut Bottom, PA
17266, South Newton Township, Cumberland County,Tax Parcel#41-31-2232-040;
Specifically devised by Will of Decedent to Barry E. Sheller;Appraised Value as of Date of
Death -see attached appraisal report
TOTAL(Also enter on Line 1,Recapitulation) 113,000.00
pennsylvania SCHEDULE E
DEPARTMENT OF REVENUE (WASH
INHERITANCE TAX RETURN , BANK DEPOSITS AND MISC.
RESIDENT DECEDENT PERSONAL PROPERTY
ESTATE OF Sheller, Lawrence E • FILE NUMBER 21 - 13 -01157
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of
survivorship must be disclosed on schedule F.
ITEM VALUE AT DATE OF
NUMBER DESCRIPTION
DEATH
1 Orrstown Bank checking account#662453 - balance DOD 992.43
2 2001 Dodge Caravan SE with 142274 miles in fair condition 1,801.00
TOTAL(Also enter on Line 5, Recapitulation) 2,793.43
REV-1611 Ex.(10-09)
y pennsylvania
SCHEDUIF H
DEPARTMENT OF REVENUE FUNERAL B0384SS AM
INHERITANCE TAX RETURN
RESIDENT DECEDENT ADMW W f WTWEC/ M
ESTATE OF Sheller, Lawrence E FILE NUMBER
21 - 13-01157
Decedent's debts must be reported on Schedule I.
ITEM
NUMBER FUNERAL EXPENSES: DESCRIPTION AMOUNT
A. 1 Ewing Brothers Funeral Home, Inc. 2,752.48
2 Cumberland Valley Memorial Gardens 1,365.00
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
Street Address
City State Zip _
Year(s)Commission Paid
2. Attorneys Fees Zullinger-Davis PC 5,000.00
3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4. Probate Fees Cumberland County Register of Wills - 383.50
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. Other Administrative Costs
1 Cumberland Law Journal - legal advertisement 75.00
See attached 713.25
TOTAL(Also enter on line 9, Recapitulation) 10,289.23
Schedule H
Funeral Expenses&
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN Adrnlnls�Costs continued
RESIDENT DECEDENT
ESTATE OF Sheller, Lawrence E FILE NUMBER
21 - 13 -01157
2 The News-Chronicle Co. - legal advertisement 121.25
3 Inheritance Tax Return Filing Fees 150.00
4 Recorder of Deeds- Deed of Distribution Filing Fee 67.00
5 Appraisal Fee- Diversified Appraisal Services 375.00
Page 2 of Schedule H
pennsylvania SCHEDULE [
} DEPARTMENT REVENUE DEBTS OF DECEDENT
INHERITANCE TAX RETURN URN , MORTGAGE
RESIDENT DECEDENT LIABILITIES & LIENS
FILE NUMBER
ESTATE OF Sheller, Lawrence E 21 - 13 -01157
Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses.
ITEM
NUMBER DESCRIPTION AMOUNT
1 Balance due on loan taken against life insurance policy Monumental Life Policy#MM3646037 1,359.96
2 Balance due on mortgage against real estate known as 55-59 Maple Avenue, Walnut Bottom, 88,347.93
PA; HSBC Mortgage Services Loan#0007986128
TOTAL(Also enter on Line 10, Recapitulation) 89,707.89
REV-1511 EX+401.10)
pennsylvania SCHEDULE J
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF Shelter, Lawrence E FILE NUMBER
21 - 13-01157
RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER NAME AND ADDRESS OF PERSON(S) DECEDENT (Words) ($$$)
RECEIVING PROPERTY Do Not ust Trt Im(s)
TAXABLE DISTRIBUTIONS(inctude outright spousal
distributions and transfers
under Sec.6116(a)(1.2))
1 Barry E. Sheller Son 25%of residue+
55 Maple Avenue specifically devised
Walnut Bottom, PA 17266 real estate at 55
Maple Ave, Walnut
Bottom, PA
2 Tawnya Lynn Lease Daughter 25%
7300 Pirates Cave Rd
Unit 1058
Las Vegas, NV 89145
3 Cathy L. Sheller Daughter 25%
1 Brian Drive
Carlisle, PA 17015
Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet,as appropriate.
II. NON-TAXABLE DISTRIBUTIONS:
A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN
B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
i
TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET) 0.00
3
REV-1613-EX.(0140)
pennsylvania
DEPARTMENT OF REVENUE SCHEDULE J
INHERITANCE TAX RETURN BENEFICIARIES continued
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Sheller, Lawrence E
21 - 13-01157
NAME AND ADDRESS OF PERSON RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER RECEIVING PROPERTY (S) DECEDENT (Words) ($$$)
D0 NO LJSt Tr�atee(e)
I, TAXABLE DISTRIBUTIONS[include outright spousal
distributions,and transfers
under Sec.9116(a)(1.2)]
4 Tammy S. Brooks Daughter 25%
351 Burgners Road
Carlisle, PA 17015
Page 2 of Schedule J
LAST WILL AND TESTAMENT
of
LAWRENCE E. SHELLER
1, LAWRENCE E. SHELLER, of South Newton Township, Cumberland County,
Pennsylvania, declare this to be my Last Will and Testament and revoke any Will or Codicil
previously made by me.
ITEM I: I direct that all my just debts (except as maybe barred by a Statute of Limitations)
and my funeral expenses (including my gravemarker and expenses of my last illness) shall be paid
from my residuary estate as soon as practicable after my decease as a part of the administration of
my estate.
ITEM 11: I bequeath those articles of my household furniture and furnishings and those
articles of my personal effects and personal property as I have or may set forth in a separate
memorandum (which is or will be signed by me, dated and make specific reference to this Will and
memorandum, which 1 shall place with my Will or deposit with my attorney), to the persons therein
designated.
ITEM III: I give and devise all of my residential real estate situated in South Newton
Township, Cumberland County, Pennsylvania, and (having an address of 55 Maple Avenue,
Walnut Bottom, Pennsylvania) to my son, BARRY E. SHELLER. Should my son, BARRY E.
SHELLER, not then be living, then this gift shall lapse and shall pass instead to my daughter,
III TAWNYA L. LEASE, providing she shall so survive me. This gift is subject to any mortgage
payable upon this property.
ITEM V: I devise and bequeath all the residue of my estate of every nature and wherever
situate in equal shares to such of my children, BARRY E. SHELLER, CATHY L. SHELLER,
TAMMY S. GOODHART and TAWNYA L. LEASE, as are living on the thirty-first (31st) day
following my death. Should any of my children, BARRY E. SHELLER, CATHY L. SHELLER,
TAMMY S. GOODHART and TAWNYA L. LEASE, predecease me or die on or before the
thirtieth day following my death but leaving descendants who so survive me, such descendants
shall receive, per stirpes, the residuary share that such predeceased child would have received had
he or she so survived me.
ITEM VI: If any property passes outright (either under this Will or otherwise) to a minor
(which shall be defined as anyone under twenty-one (21) years of age) and with respect to which I
am authorized to appoint a guardian and have not otherwise specifically done so, I decline to
appoint a guardian but instead authorize my Executor to distribute such property to a Custodian
selected by my Executor (and my Executor may act as such Custodian) as Custodian for the minor
under the Pennsylvania Uniform Transfers to Minors Act. Provided, however, that this
appointment shall not supersede the right of any fiduciary to distribute a share where possible to the
minor or to another for the minor's benefit.
ITEM VII: I direct that all taxes that may be assessed in consequence of my death, of
whatever nature and by whatever jurisdiction imposed, shall be paid from my residuary estate as
part of the expenses of the administration of my estate.
ITEM VIII: I appoint my son, BARRY SHELLER, Executor of this my Last Will. Should
he fail to qualify or cease to act as Executor, I appoint my daughter, TAWNYA L. LEASE,
Executrix of this my Last Will. �o
2 u
V�
ITEM IX: I direct that my Executor, custodian, or their successors, shall not be required to
give bond for the faithful performance of their duties in any jurisdiction.
ITEM X: The interests of the beneficiaries hereunder shall not be subject to anticipation or
to voluntary or involuntary alienation.
N WITNESS WHEREOF, I hereunto set my hand and seal to this my Last Will and
Testament, written on four(4)sheets of paper, dated this Z`ltay of ' 2006.
(SEAL)
AWRENCEE. StiELLER, TESTATOR
The preceding instrument, consisting of this and three (3) other typewritten pages, each
identified by the signature or initials of the Testator, was on the day and date thereof signed,
published and declared by the Testator therein named, as and for his Last Will, in the presence of
us, who, at his request, in his presence, and in the presence of each other have subscribed our names
as witnesses hereto.
i
t residing at �7Jc 7
residing at
3
COMMONWEALTH OF PENNSYLVANIA
: SS.
COUNTY OF CUMBERLAND
I, LAWRENCE E. SHELLER, the Testator whose name is signed to the attached or foregoing
instrument, having been duly qualified according to law, do hereby acknowledge that I signed and
executed the instrument as my Last Will; and that I signed it willingly and as my free and voluntary
act for the purposes therein expressed.
(SEAL)
LAWRENCE E. SH LLER, Testator
Sworn to or affirmed and acknowledged
before me by LAWRENCE E. SHELLER, the
Testator, thiso771- day of
CX S h-0� 2006.
CE I zgz // 67-P A
Notary Pub Ui
COMMONWEALTH OF PENNSYLVANIA
ss.
COUNTY OF CUMBERLAND
We, r l I�I1�l� ,T a I!eY� and / y (c_;oi,/ C°-c-q/I the witnesses whose
names are signed to the attached or foregoing instrument, being duly qualified according to law, do
depose and say that we were present and saw the Testator sign and execute the instrument as his
Last Will; that the Testator signed willingly and executed it as his free and voluntary act for the
purposes therein expressed; that each subscribing witness in the hearing and sight of the Testator
signed the Will as a witness; and that to the best of our knowledge the Testator was at the time
eighteen(18) or more years of age and of sound mind and rder no constraint or undue influence.
Sworn to or affirmed and subscribed to
before me by tG D and
<7-C S , witnesses, this
day of 2006.
Notary P blic
4
JUL 10 1014
SUMMARY APPRAISAL REPORT
55 AND 59 MAPLE AVENUE
WALNUT BOTTOM, PENNA.
PREPARED FOR
THE ESTATE OF LAWRENCE E. SHELLER
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA
17013-3052
(717) 249-2758
COPY
Diversified Appraisal Services
Real Estate Appraisers and Consultants 35 East High Sheet
Cer fi,sle,PA 170133052
(717)249-2758
FAX(717)258.4701
July 8,2014
TO: The estate of Lawrence E. Sheller
FM: Larry E. Foote
RE: Summary Appraisal Report
Residential Property
55 and 59 Maple Avenue
Walnut Bottom, Pennsylvania
At your request, I have appraised the captioned 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 property,as of September 11, 2013.
I hereby certify that,to the best of my knowledge and belief,the data, facts,and
opinions set forth 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 Market Value of the
subject property, as of September 11,2013 is:
ONE HUNDRED THIRTEEN THOUSAND DOLLARS
$113,000
This appraisal has been made in conformity with the standards of professional-practice
of the National Association of Realtors Appraisal Section. I appreciate your having considered
me for this assignment and trust that you find the report entirely satisfactory.
Respectfidly submitted,
Larry E. Foote
Pa. Certified General Appraiser
GA-000014-L
2
SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
LOCATION: 55 and 59 Maple Avenue, Walnut Bottom,Pennsylvania
TAX PARCEL NUMBERS: 41-31-2232-009 and 41-31-2232-040
IMPROVEMENTS: One-story detached single-family dwelling.
PROPERTY RIGHTS: Fee simple interest.
OWNERSHIP HISTORY: The subject property is owned by the estate of Lawrence
E. Sheller. No sales of the subject property have taken
place during the past three years.
SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the
subject's 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 Lawrence E. Sheller.
INTENDED USER: The estate of Lawrence E. Sheller and others.
OBJECTIVE: To estimate the market value of the subject property as
unencumbered.
USE OF THE APPRAISAL: Use by the client in an estate settlement.
EFFECTIVE DATE: September 11, 2013.
INSPECTION DATE: June 24, 2014.
HIGHEST AND BEST USE: Continued use as a single-family residence.
COST APPROACH: N.A.
SALES APPROACH: $113,000
INCOME APPROACH: N.A.
FINAL VALUE CONCLUSION: $113,000
3
THE VALUATION PROCESS
The valuation process is defined in The Appraisal of Real Estate as published by the
Appraisal Institute,as "a systematic set of procedures an appraiser follows to provide answers
to a client's questions about real property value."
It consists of a series of 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 specific property as of a given effective date and ends when the appraiser
communicates and reports the final conclusions and opinions to the client.
Definition of the Appraisal Problem:
The first step in the appraisal process includes the presentation of the following:
1. Identification of the client, the intended use, and the intended users of the appraisal
report.
2. The purpose of 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 applicable to the appraisal assignment.
5. Hypothetical conditions that are applicable to the appraisal assignment.
Scope of Work:
Scope of work is defined in the Uniform Standards of Professional Practice 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 to develop a credible opinion of
value for the property being appraised.
Data Collection and Analysis:
The appraiser must gather and analyze market area data, subject property data, and
comparable property data that is relative and relevant to the appraisal assignment.
Development and Application of Traditional Approaches to Value:
The appraiser must consider which of the three traditional approaches to value are
applicable,relevant, and necessary for developing a credible opinion of value for the subject
property. These three traditional approaches to value include the Cost Approach, Sales
Comparison Approach, and Income Capitalization Approach. When two or more of these
approaches to value are developed,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 in the appraisal of a specific property.
Reconciliation 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 appraiser. Reconciliation is the analysis of alternative conclusions to arrive at
a final value estimate. Reconciliation is required because different value indications-result
from the use of multiple approaches to value and within the application of a single approach.
The final value estimate is not derived simply by applying technical and quantitative
4
APPRAISAL CERTIFICATION
I hereby certify that upon application for valuation by:
THE ESTATE OF LAWRENCE E. SHELLER
the undersigned personally inspected the following described property:
All those certain pieces or parcels of land, with the improvements thereon erected,
situate in the Township of South Newton, Cumberland County, Pennsylvania, bounded and
described as follows:
TRACT NO. 1: Beginning at a point in the center of the public road leading from the
Village of Walnut Bottom to the Village of Stoughstown, which point is situate in the center
line of the Yellow Breeches Creek;thence by the center line of said creek and lands now or
formerly of Joseph M. Hemminger,North 57 degrees 45 minutes East 164.6 feet to a point in
the center line of said creek;thence by same,North 10 degrees East 147.4 feet to a point in the
center line of said creek; thence by same,North 5 degrees 15 minutes West 260.2 feet to a stake
at line of land now or formerly of W. Crusey;thence by same, South 80 degrees West 15.5 feet
to a post at line of land of James Stum;thence by same, South 21 degrees 15 minutes West 487
feet to a point in the center line of the aforesaid public road;thence by the center line of said
road, South 55 degrees 30 minutes East 60.1 feet to the place of beginning. Containing 1.20
acres,more or less.
TRACT NO. 2: Beginning at an iron pin on the eastern right-of-way line of
Legislative Route 21038 at comer of lands now or formerly of Hulda R. Stumm and lands now
or formerly of William Hoverter;thence along lands now or formerly of Hovetter,North 75
degrees 20 minutes East, a distance of 125.53 feet to a stone;thence by land now or formerly of
Mark Cockley, South 03 degrees 35 minutes East, a distance of 80.85 feet to a stake; thence by
the same, South 38 degrees 30 minutes West, a distance of 59.40 feet to an iron pin;thence by
lands of the Lawrence E. Sheller estate and across Legislative Route 21089, South 18 degrees
43 minutes 40 seconds West,a distance of 503.2 feet to an iron pin;thence by lands now or
formerly of John T. Baum, South 55 degrees West,49.35 feet to a point on the eastern right-of-
way line of Legislative Route 21038; thence by the said eastern right-of-way line of Legislative
Route 21038,North 09 degrees 50 minutes 20 seconds East, 24.35 feet to a point;thence by the
same, South 80 degrees 09 minutes 40 seconds East, 20 feet to a point; thence by the same,
North 09 degrees 50 minutes 20 seconds East, 286.94 feet to a point;thence by the same by a
curve to the left,having a radius of 1,186.28 feet, an arc distance of 98.38 feet to a point;
thence by the same, South 84 degrees 54 minutes 40 seconds East,20 feet to a point;thence by
the same by a curve to the left,having a radius of 1,206.28 feet, an arc distance of 160.35 feet
to a point;the place of beginning. Containing 1.23 acres.
6
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 September
11,2013 is:
ONE HUNDRED THIRTEEN THOUSAND DOLLARS
$113000
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
7
INTENDED USE OF THE APPRAISAL
The intended use of this appraisal is to estimate the Market Value of the subject
property as of September 11, 2013 for use in an estate settlement.
Market Value is defined as the most probable price which a property should bring in a
competitive and open market under all conditions requisite to a fair sale, the buyer and seller,
each acting prudently, knowledgeably and assuming the price is not affected by undue
stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the
passing of title from seller to buyer under conditions whereby:
a. Buyer and seller are typically motivated.
b. Both parties are 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 comparable 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(f).
HIGHEST. AND BEST USE
Highest and Best Use is defined by the Appraisal Terminology and Handbook,
published by the Appraisal Institute, as "the most profitable likely use to which a property can
be put". 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, are 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 area, it is my
opinion that the present use of the subject is its Highest and Best Use.
8
OWNERSHIP HISTORY
The subject property is owned by the estate of Lawrence E. Sheller. No sales of the
subject property have taken place during the past three years.
ESTIMATED MARKETING TIME
The reasonable marketing time is an estimate of the amount of time that it would take to
sell a property at the estimated market value during the period 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 marketing time would be six to
twelve months. This estimate is based upon quarterly sales figures published by Central Penn
Multi List,Inc.
ECONOMIC TRENDS
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
leveling of appreciation rates and longer 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 market
prior to the hypothetical consummation of a sale at the market 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. It is not an isolated opinion of
time alone. Exposure time 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. It assumes not only adequate, sufficient and reasonable time but
adequate,sufficient and a reasonable marketing effort. Exposure time and conclusion of value
are therefore interrelated. Based upon the information presented in this report,a reasonable
exposure time for the subject property is estimated to be six to twelve months.
9
SITE DATA
ADDRESS: 55 and 59 Maple Avenue
MUNICIPALITY: South Newton Township
COUNTY: Cumberland
STATE: Pennsylvania
LOT SIZE: 2.43 acres.
SEWERS: On-site septic system.
WATER: On-site well.
ELECTRICITY: PP&L
LANDSCAPING: Typical for the area,with a sodded lawn,trees and shrubs.
DETRIMENTAL INFLUENCES
The subject is located in a FEMA identified flood hazard area according to map
#42041C0358E, dated March 16,2009. There is no access along the Water Street property line
of the tract that borders Water Street,due to a guard rail that extends along the entire border of
the site.
DESCRIPTION OF IMPROVEMENTS
GENERAL DESCRIPTION: One-story detached single-family dwelling containing approxi-
mately 1,344 square feet of gross living area above grade.
CONDITION: Exterior: Average
Interior: Average
ROOMS: First Floor: Living room,eat-in kitchen, office,laundry room, three
bedrooms and a full bathroom.
Basement: Full,with concrete floor.
EXTERIOR: Foundation: Concrete block.
Walls: Aluminum siding.
Sash: Vinyl-clad, double-glazed.
10
Gutters: Aluminum,painted.
Roof. Gable,with shingles.
Stone units: Screens throughout.
INTERIOR, PRINCIPAL ROOMS: Flooring: Carpet and vinyl.
Walls: Wood paneling and painted drywall.
Ceilings: Painted drywall.
Trim: Wood,painted.
KITCHEN: Cabinets: Natural finished wood.
Counters: Laminate
Walls: Painted wood paneling.
Flooring: Vinyl
Sink: Double-bowl, stainless steel.
BATHROOM: Flooring: Carpet
Walls: Drywall,painted.
Bathtub: Built-in, with shower.
Lavatory: Vanity
Water closet: Two-piece.
Medicine cabinet: Wall-mounted.
CONSTRUCTION: .Joists: Wood
Beams: Wood
Columns: Wood
Plumbing: PVC
HEATING: Forced hot air,oil-fired.
COOLING: One wall-mounted air conditioner.
HOT WATER: Electric, 50-gallon.
ELECTRIC: Circuit breaker system, 200-ampere.
OTHER: Attached to the front of the dwelling is a covered concrete porch.
Located in the rear yard is a wooden storage building in fair condition. There is a second well
and on-site septic system on the adjoining lot.
GENERAL CONDITION: The dwelling is considered to be in average condition on the
interior and on the exterior, with mechanical systems appearing to be adequate and functioning
properly.
11
THE APPRAISAL PROCESS
Three approaches to value are generally included in an appraisal report. These
techniques include the cost approach, sales comparison approach, and income 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 upper limit to value. A key assumption is that a newly
constructed building would have advantages over the existing building, therefore an evaluation
focuses upon disadvantages or deficiencies (depreciation) of the existing building compared to
a new facility. Due to the age of the subject improvements, the cost approach is considered to
be inappropriate and has, therefore, not been included in the development of this appraisal
report.
The sales comparison approach to value assumes that under normal conditions, a given
number of parties acting intelligently and voluntarily, tend to set a pattern from which value
can be estimated. Application of this approach relies on a comparison of the subject with a
sufficient number of recent transactions of comparable properties in the market, based on a
common unit, such as price per square foot of building area.
The income approach concerns itself with present worth of the future potential benefits
of a property. The initial estimate involves the net income, which a fully informed person is
justified in assuming the property will produce during its remaining useful life. This estimated
net income is then capitalized into a value estimate, based upon the level of risk as compared
with that of a similar type and class. Since homes similar to the subject are not typically
utilized as income-producing investment properties, the income approach to value is considered
to be inappropriate and has, therefore, not been included in the development of this appraisal
report.
12
SALES COMPARISON APPROACH
In arriving at this conclusion of the value of the subject property, the appraiser made a
survey of properties that have sold in the area of the subject property.
Consideration was given and adjustments were made on each comparable sale as to
time of sale, size, location, as well as all other factors that might affect value. A resume of
some of the sales considered by the appraiser is as follows:
SALE NO. 1:
Location: 225 W. Main Street, Walnut Bottom-
Date of Sale: September 20, 2013
Sale Price: $120,000
Size: 1,219 square feet.
Unit Price: $98.44 per square foot.
SALE NO. 2:
Location: 50 Water Street, Walnut Bottom
Date of Sale: June 3, 2013
Sale Price: $135,000
Size: 1,260 square feet.
Unit Price: $107.14 per square foot.
SALE NO. 3:
Location: 2271 Ritner Highway, Carlisle
Date of Sale: October 17, 2011
Sale Price: $135,000
Size: 1,322 square feet.
Unit Price: $102.12 per square foot.
The appraiser, in addition to the sales listed, also considered several additional sales in
arriving at his final opinion of value. On the Sales Comparison Analysis form that follows this
page are dollar adjustments reflecting market reaction to those items of significant variation
between the subject and comparable properties. If a significant item in the comparable
property is superior to, or more favorable than, the subject property, a minus (-) adjustment is
made,thus reducing the indicated value of the subject; if a significant item in the comparable is
inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus
increasing the indicated value of the subject.
After making all of the necessary adjustments, it is the appraiser's considered opinion
that the indicated value of the subject property by the Sales Comparison Approach is $113,000.
13
SALES COMPARISON ANALYSIS
ITEM SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3
55&59 Maple Ave. 225 W.Main Street 50 Water Street 2271 Rima Highway
Address Walnut Bottom Walnut Bottom Walnut Bottom Carlisle
Proximity to Subject .74 mile .20 mile 10.21 miles
Sale Price N.A. $120,000 $135,000 5135,000
Prim/Sq.FL GLA N.A. 598.44 SI07.14 5102.12
Data Source Inspection Courthouse,MIS&exter.inspection Courthouse&exterior inspection kNot house,WS&exact.inspection
ADJUSTMENTS DESCRIPTION DESCRIPTION $ Adjust. DESCRIPTION SAdjust. SCRIPTION $Adjust
Sala or Financin
Concessions None None
Date of Sale/Time As of 9-11-13 9-20.13 6.3-13 -11
Location Average Average Average rior -6,800
Flood Area In flood hazard area Not in flood area -J2 000 Not in flood area -t3 500 n flood area -13,500
Site/View 2.43 acres 1.05 acres +4,100 .69 note +5,200 .69 acre +5,200
Design and Appeal One-story,detached One-story detached One-story detached One-story detached
Construction Aluminum siding Brick 3,000 Brick -3,000 Vinyl siding
Age 65 years 59 years 43 years 58 yeas
Condition Average Similar Similar Similar
Above Grade Tot I Bed. I Bath ToL Bed, Bath Tot Bed. Bath Tot. Bed. Bath
Room Count 6 3 I 6 3 1 6 3 1'h -1,000 6 1 3 1 I
Gross Living Area 044 square feet 1,219 square feet +3,800 1,260 square fee 1,322 square feet
Basement&Fi6dW
Rooms Below Orade Full basement Similar Similar Similar
Functional Utility Average Similar Similar Similar
Heating/Cooling Oil FHA/Wall A.C. Oil FHA +500 Radiant electric +500 Radiant electric +500
1 Carport None None Two-car -10000 Ono -5000
Porches,Patios Two porches,storage Porch,end.Porch, Porch,Pavilion,
Pools,etc. Porch,storage bldg, building -500 two storage bldgs. -1,500 storage building 1,000
Special Energy Typical for the
Efficient Items region Similar Similar Similar
Fi I s None None Fireplace -100o None
Other(e.g.kitchen
equip,remodeling) Built-ins. Similar Similar Similar
Net Adi.(total) -7,100 -24,300 •20,600
Indicated Value
of Subject 112,%0 110,700 114,400
FINAL INDICATED VALUE OF SUBJECT PROPERTY: $113,000
14
i
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 $113,000
Value Indicated by Income Approach N.A.
These approaches are representative of the market value of the subject property. I have
carefully 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
J this reexamination has,confirmed the original conclusions.
The Cost Approach will result in an excellent estimate if all elements are 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 Comparison Approach was based on several recent sales of properties similar
£ to that of the subject, all of which are located in the same.general area. .The adjusted sales
prices are most consistent under comparison. This approach is the most reliable.because it
reflects the reactions of typical buyers and sellers in the market. ,V
The Income_Approach is most applicable,to income,producing properties or properties
that are primarily utilized for income producing purposes. Purchasers of income producing
properties are willing to pay no more fora particular,property than the•net operating income
will support. Since the majority•of properties similar 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 Market Value of the subject,property, as of September 11, 2013,
is:
ONE HUNDRED THIRTEEN THOUSAND DOLLARS
$113,000
15
IlAk;�VIR141*1 Mill TI)WRT2
at ,, Op w"ll" -m'rtr." ! "l) 3011 Plulfia rv":'ml 10
gl;,�vmll 48 Lm��;xqq.�a 2i i-.Pmqolq 30-1 .`A"4f 1'o4f'';a ld ul W-m-'swt; ku A�Ai&m I :wffl
p"i V!51:3d b-n; Z;n,l
pt."fa'fn rVicy"I c'),w s am7rb.-Old wil Lw wPmqtrq at lt'� tot 1040.`1 1
4e9 rm Fl Lk :q'ti:'
Ga tlmr`??.s j -"o Z;.Y"lf!s 5: i-,blun bu"wr
bvki ipm`xf ri% m d' Av" �r*htm� "7-"t t'w"
'd ""knw,al4 d an-.t -*4 an x "-fa
I
ii m-;-Ow '.il "Yf'kmql -)At -fr"t yk'O ?ji to f;-n ➢ ad T-tt meat
j.2o jr[L-.kn:3Jw✓� llo r"l ei'; '?r I'd -ff,.v rltt 9�1
'-W jf"Aftw .Jl vita"tbi, Gflt 'smp'y
If olt
A,pWi aildvq 'buip'ifflotj
'1,- -0) 7th lv"I '14w , Nnlyr=q '='k' ":Ifr '9
W,
A21 1p"�kd tx��4 'w�'Jvj -1;'l, oo'nf *nofni *p-Tj!v4o 0- - -dl El S° 'T0 -�j� ;-Z
0 at
WIA C41 JWIi'Jnii 10f, 11,14 p;fs °-OW4 A 'IM:jyl
:a. vil-ol lx.�.- ;JA gro's 2ia"1 AP
Al '.%s i.ti btmir&lo� %0'.s 'rl v�rlr'
')t 10 wai! :Ai IR, 3�rm'f�a"h n(AWar.f6m A-,,, OV l'7*e*'stqls
fzrj Bu '-rcAe-,zq mij�i ,yaf4 r, 7 !i ri, epu '(rd'
I, b,w - -'7.df;':tlk:ir f 'Ac*� *dT w)rsr jqq Pd: to J;wp J1 via,
12f.3 oil lo fU') fr4fiP 't'no ve wl'-fte
mq-n 4im fl-, bvx"i
CERTIFICATE OF APPRAISAL
I certify that,to the best of my knowledge and belief.
I. The statements of fact contained in this report are true and correct.
2. The reported analysis, opinions, and conclusions are limited only by the reported
assumptions and limiting conditions and are my personal, impartial, and unbiased
professional analyses,opinions,and conclusions,
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,
S. 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 property appraisal assistance to the person sign-
ing this certification.
10. I have performed no services,as an appraiser or in any other capacity,regarding
the property that is the subject of this report within the three-year period immediately
preceding acceptance of this assignment.
Larry E. Foote
Pa. Certified General Appraiser
GA-000014-L
17
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Biiley 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 regard to the privacy of client nonpublic
personal information. As professionals,we understand that your privacy is very important to
you and are 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 are 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 are 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 safeguards that comply with our professional standards to
insure the security and integrity of your information.
18
LARRY E. FOOTE
REAL ESTATE APPRAISER
EXPERIENCE:
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,apartment 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 1, GRI II,GRI III.
Certificate,Realtors National Marketing Institute,CI 101,Cl 102,Cl 103,Cl 104,
Cl 105.
Standards 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 Market-
ing Institute of the National Association of Realtors.
CCIM: Certified Commercial Investment Member,awarded by the Realtors
National Marketing 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.
19
PAST CLIENTS:
Borough of 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 Association for Retarded Citizens Northwest Savings Bank
Carlisle Suburban Authority Blue Ball National Bank
Members 1°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 Mortgage 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 Mortgage 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
20
1� ' r•��.' "-- .�.ors .. � �I
• "Iwo +•..,.• .. 4 if�J`"N�VF♦ k ;.ne.'lt•' ( �''1fJ
.i'" 4K ..a �'� �4 iyi��l�_F;; 'i+.�1Yf+�i �� ���, Nii' • '
-{'Jais .,.t C't. i PU�.'1`•AY •K .Tr'il r#(*i' ".•Y ae
„t.
All lie,
Ik
! ' ut
a
`P�1 Dada ..'MG"-_•°- .edl/'�%Gfi Y_,. '.��,'t'�3,�... X7dt.k�'4^�
y�
h
M1'
.f
+�� 7lRf�?h
"5 ^+♦ K� 3'
4
�� j� a'in '�h r!y`hoSa �'^'� "7'."�`ut�'�• ; FeY is �kh 'i'y�:
- �" '"�t'.yrY��� "3 '��F�,,L�f.C`yF WY. � � V�.%' ✓ ;{ty
bra, ^;�' +bbd �' "�t�'t�K�Ir� �+LJ> '1•i ��y •.+e
i 3
PHOTOGRAPHS OF THE SUWECT PROPERTY
22
4 , 'rte f •
i.r�.
.F
a -a.
w
STREET SCENES AT THE SUBJECT PROPERTY
r•��� H4_ � �R"Q'hT N
` a;;tav •• a�
% r say
:w n..'�• .'qtr(.?`.:<"' .off.%��:
r
s
w
COMPARABLE SALE NO. I
Ayr
COMPARABLE' w,,
Mir
%.-'�COMPARABLE SALE NO. 3
_ s.�' �r sr.y7kT{.t� �u1r.i.�+t-�'s'x✓ii�waj
..-.... Dutch Country Stme(iJ el
Subject
Kartmes t,ikv�tea
waders Neatiga
Air Coaditipr 6
Post Office Cm, .
ITI
y
f
SUBJECT PROPERTY LOCATION MAP
25
Kelley Blue Book Page I of
,=I
�1 Kelley Blue Book The Trusted Resource'
�: �
ICHEVROLET
f7NONSIyA0A0S-
M.btifmve
WM east
2001 Dodge Caravan Passenger
Pricing Report
Style:SE Minivan 40
Mileage:14274
Trade-In Value
Excellent
$1,626
Very Good
$1,501
Good
$1,351
Fair
$901
Values valid until
31/07/2013
Vehicle Highlights
Fuel Economy: Max Seating:7
City 36/Hwy 22 1Comb 18 MPG
Doers:4 Engine:V6,Flex Fuel 3.3 Liter
Drivetrain:FWD Transmission:Automatic
EPA Class:Minivan Body Style:Van
Country of Origin:United States Country of Assembly:United States
Your Configured Options
our M-sdectod aPilons,based On WCal eguiPment fm this car.
()Pits that You added while connguring this m,.
Engine Comfort and Convenience Safety and Security
V6,Flex Fuel,3.3 Uter Alr Contlltlonln
Transmission Steering g Seats Air Bags
Automatic Power Steering 7-Passenger Seating
Drivetrain Entertainment and Instrumentation Wheels and Tires
FWD AM/FM Stereo
Steel Wheels
Cassette
http://www.kbb.com/dodge/caravan-passenger/2001-dodge-caravan-passenger/se-minivan-... 11/2/2013