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Home My WebLink About07-12-05 LAWRENCEJ. NEARY ATTORNEY AT LAW 108.112 WALNUT STREET HARRISBURG, P A 17101.1609 Telephone, (717) 238.4798 FAX, (717) 238.4793 July 6, 2005 Cumberland County Courthouse Attn: Register of Wills 1 Courthouse Square Carlisle, P A 17013 (] ~o ::..--:::0 f,g-oo .n:F. .- : z'-" '..' -:0 :'~U);.-, .~-'")oo "=)c)-n (,C :_,.r~ :~ RE: Estate of Edna D. Pontius No. 2005-00112 Dear Sir or Madam: File No.050026 r--:> = = en '- c: .- N -0 :::I: ~ N -.l Enclosed please find an original and two copies of the Inheritance Tax Return submitted on behalf of the above Estate. Please return one stamped in copy to me in the envelope enclosed for your convenience. Also enclosed please find check #134 in the amount of $3,198.16 for payment of the inheritance tax. If there are any questions or problems, please do not hesitate to contact me. LJN/jlk Enclosures cc: Barbara A. Esterline, Executrix , '- G~c'---'/ ;c-il rence J. . :-.:':J '?~ 1':1'1 '.:~J ,--') :::"':1 ,-I C) rn LAWRENCE J. NEARY ATTORNEY AT LAW 108-112 WALNUT STREET HARRISBURG, PA 17101-1609 Telephone, (717) 238-4798 FAX, (717) 238-4793 July 11, 2005 Cumberland County Courthouse Ann: Register of Wills 1 Courthouse Square Carlisle, P A 17013 RE: Estate of Edna D. Pontius No. 2005-00112 Dear Sir or Madam: (") Co ~:IJ '" -0 (") -..n 1i- r- '-.zm ':::.. ...:IJ '~cn^ :\-)0 J('::>.I 'c: -:10 :I~~~ File N 0.050026 "" = = <J'> '- c= . N " :x N N -.J As per the telephone call my office received from the Register of Wills Office on Friday, July 8, 2005, enclosed please find a check in the amount of $15.00 which represents the filing fee for the Inheritance Tax Return. If there are any questions or problems, please do not hesitate to contact me. LJN/jlk Enclosure Very truly yours, (/ jJ ~~1 renc~ Neary / -0 ~~:J 1"/1 ~'Tl C ) (~) (~ ~?~~ t~ ,'r-jl-l-l ::.) CJ n ....:rl -,'-j c-; f-T, ,--~ '-:', LAWRENCE J. NEARY ATTORNEY AT LAW 108-112 Walnut Street Hanisburg, P A 17101-1609 E'C.CCi;~I}_~lj !~:,~~:':~,iS~ti1 ur ,'11', L') ,j JUl '2 Pi"" \2: 32 C' r'W "-'- l....,-.\i,', \"'Ir ORPWMS COum CUi ~!}::-:,..:; ,\:' ',1"", (f' D,\ \\'i'._> ~ ,_,__:-;' '." ".), I' . t '7e: 1. :;.+:';::;:'::1'2 r.........."..' .:j; '.~' ' ' /~>, 'J .' .' " ';~, ~ \ ~" \' ,~"..LL . j ~Y" JI-OS-II d, CUMBERLAND COUNTY COURTHOUSE ATTN: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE, PA 17013 =..--~ ,."",....."".." ._-='" ..-"....,,,,,,", ,. ,~"-"'"~. ..-~...~' ~- --' 1,,,,,'II,,,I'I,,,,,,,"I'j',..,j'I',,I'i.I"I' ,'I',,'I',U,\,..",',j' ". :., ..l.!: ::1 :.:1,..1 If I!ld: :11:1:.,:::11 ,._",..~.." LAWRENCE J. NEARY ATTORNEY AT LAW 108-112 Walnut Street HalTisburg, P A 17101-1609 r',~- "''(\1 'j , d:\_i'j'lj,,:LI -,.,',;,':-', r', ,.-,<~ ,en ur ; -m L.j j JUL 12 PH 12: 32 CLC~'i r,c dii\\.,r ORPHN~'S coum CUI n;:,r.r],..,', F,',{'" r-l') D~\ l\"',~:', j - - ,.n '" ,,'.... ".'.' _ .', I I ' i 7C: i ::::--j--::::::::";:i'2. ~\L'';' " ,. t', .>;) .....' <'.'''\ I' ',,', ' \ ;, \.' ~; ,c,' 'j '-2.~ JI-05-11~ CUMBERLAND COUNTY COURTHOUSE ATTN: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE, PA 17013 _.,,,,...,-..- ,.,..",,,,*,""""-"" _6__.3"-"'-~~~" ~.-,_'_- .,--".,.,-, .,.,.---"" ._-,,---_._...~- --....--.. , /'1/ I" "i' j' Ij" "",' '" /'" '" JI",,,'/!"ih,d,,"nld,,,,ld!oI,,U,,,,ild - ~- .. ,.It I#. .... -1- -- . USA RE'/.l500EX(s.oo) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 OFFICIAL USE ONLY w r, :::.:::5:cn u"'>: wCLU rOo ,,"'-' CLm CL 0: FILE NUMBER INHERITANCE TAX RETURN RESIDENT DECEDENT d..L-~~ COUNTY CODE YEAR D-D--LL~ NUMBER I- Z W o W U W o DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) PONTIUS, EDNA D. DATE OF DEATH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER SOCIAL SECURITY NUMBER 01 - 0852 172 DATE OF BIRTH (MM-DD-YEAR) JANUARY 30, 2005 FEBRUARY 23, 1910 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) ~1.0riginaIReturn D 4. Limited Estate ~ 6. Decedent Died Testate (Mach copy or Will) rI 0 1 'Ii:~-';__ o---,e's R~_o;"_,..J U "..."~a",,,,", '",, " ,,~,,".,u D 2. Supplemental Return D 4a. ~uture Interest Compromise (date or death after 12-12.82) D 7. Decedent Maintained a Living Trust (Attach copy of Trust) D 3. Remainder Return (dale of death prior to 12.13.B2; D 5, Federal Estate Tax Return Required ~ 8. Total Number of Safe Deposit Boxes 0<, EI--I;-""ol'a-u-"e-Sec 0113(')"-'---'-,-, :" "'" 'Vi, , ^ "U I . ~ ..... \""~'~' ~,..._ ~ U '0 c-o""', P""-"" C"d:' I~" .' ,.-."" "' 'O~' -. "0"' . -5' , .'-')-'''~ ....."'"1].,;;: ,l ~aleU'U~Q".~e",een'~'~"~I~,,"'-,-~ I r, z w o z o CL "' W '" '" o " . .HIS)lE:c't!Qr'i;M!Js.T,a_E'!<QM-".l;'!;T~PX...t;.t:~C.()a8eSJ~ON[)ENCi;.A__(j'(;9N.I'IDE_t{-'.IA1!,tAX:.I!'m)FlMATION:$ttPU ~[jaE'p_IR~C;:tED:TD: NAME COMPLETE MAILING ADDRESS LAWRENCE J. NEARY, ESQUIRE FIRM NAME (If Applicable) 108-112 WALNUT STREET HARRISBURG, PA 17101-1609 TELEPHONE NUMBER (717) 238-4798 1. Real Estate (Schedule A) $68,000.00 OFFICIAL USE ONLY ...., = cc~ Con <- c= r (1) (2) (3) (4) (5) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule OJ N $131,896.37 z o ~ ..J ::J !:: 0.. <( U W 0:: 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) "'-1 , :c"i'"l -''] C,,,-) {'n -0 ":J: ~ N -J 6. Jointly Owned Property (Schedule F) D Separate Billing Requested (6) ::J -~ ~S: 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) (7) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) 10 Debts of Decedent, Mortgage liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) (8) $199,896.37 (9) (10) $9,618.49 $2.412.64 (11) $12 ,031.13 (12) $187,865.24 (13) 0 (14) $187,865.24 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to lax has not been made (Schedule J) 14, Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES z o ~ I- ::J 0.. :!E o U ~ 15. Amount of Line 14 taxable at the spousal lax rate, or transfers under Sec. 9116 (a)(1.2) x.o_ (15) x.Oll (16) $8,453.94 x.12 (17) x .15 (1B) (19) $8,453.94 16. Amount of Line 14 taxable at lineal rate $187,865.24 17, Amount of Line 14 taxable at sibling rale 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 20.0 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Decedent's Complete Address: STREET ADDRESS 401 S. ENOLA DRIVE CITY I STATE I ZIP 17025 ENOLA PA Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) $8,453.94 $5,000.00 $263.16 Tolal Credits (A + B + C ) (2) $5,263.16 3. InleresUPenal1y if applicable D. Interest E. Penalty o TOlallnteresUPenal1y ( D + E ) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 5. If Line 1 + line 3 is greater ihan Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (SA) B. Enter the total of Line 5 + 5A. This is Ihe BALANCE DUE. (5B) $3,190.78 o $3,190.78 ~~m~~' <. Make Check Payable to: REGISTER OF WILLS, AGENT !~~a~1f~;~~~~~~~t\f~~~~~~:t!~,BT..f'~~5~Z@.~~~~ PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a. retain the use or income of the propert b. retain the righllo designate who shall c. retain a reversionary interest; or... d. receive the promise for life of either p: 2. If death occurred after December 12, 191 without receiving adequate consideratior 3. Did decedent own an "in trust for" or pa' 4. Did decedent own an Individual Retirerr contains a beneficiary designation? .. -'-.."..-1. Yes ........................0 o .....0 .....0 (l)A Pn I (g/ CJS ~ ......0 ......0 .......0 ) FILE IT AS PART OF THE RETURN, [XI IF THE ANSWER TO ANY OF THE ABOVE QUEST No [19 [19 [19 [iJ [XI [XI Under penalties of perJury, I (jilclare that I have examined this relurn, including Declaration of preparer other than the personal representative is based on all i SIGNAIURe 0, PcRSor.J mo'JONSIBLE FJi... ING R~U ~~A~'/.A/ ~ ADDRESS ' 4325 BACK ROAD, HALIFAX, SIGNATURE OF PREPA R OTHER THAN SENTAT ~ s :~U'" correct am: complete ADDRESS DATE rP /7rJ It? '5 / " 7 n~o.:;- / RRISBURG, FA 17101.-1609 ~~~~~''''''''~ll_~''lf~C'':iAll''''''''''i."...n~ 'r~ ~ I'$lllf~!l#F~1 For dales of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 99116 (a) (1.1) (i)]. For dates of death on or after January I, 1995, the tax rate imposed on Ihe net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. 99116 (a) (1.1) (ii)]. The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and fiiing a tax return are still applicable even i: the surviving spouse is the only beneficiary. For dales of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a slepparent of the child is 0% [72 P.S. 99116(a)(1.2)]. The tax rate imposed on the nel value of Iransfers to or for the use of the decedent's lineai beneficiaries is 4.5%, except as noted in 7Z P.S. 99116(1.2) [72 P.S. 99116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% 172 P.S. 99116(a)(1.3)]. A ~OIing Is defined, under Seclion 9102, as an~ individual who has at least one parent in common with the decedent, whether by blood or adoption. ~ REV-150:' EX+ 16-9W COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER EDNA D. PONTIUS All real property owned solely or as a tenant in common must be reported at fair market value, Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER ,. DESCRIPTION VALUE AT DATE OF DEATH 401 S. Enola Drive, Enola, East Pennsboro Township Parcel No. 09-16-1050-033 Va1up as per appraisal dated March 21, 2005 (Copy of Appraisal is attached) $68,000.00 TOTAL (Also enter on line 1, Recapitulation) $ 68.000.00 (If more space is needed, insert additional sheets of the same size) ''''''''<1'"'1. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF EDNA D. PONTIUS FILE NUMBER Include the proceeds of litigation and the dale the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. 2. 3. 4. 5. 6. 7. 8. DESCRIPTION PNC Bank - Certificate of Deposit #21001021404 PNC Bank - Certificate of Deposit #31600091667 PNC Bank - Checking Account #5140112082 VALUE AT DATE OF DEATH $117,996.44 $9,783.86 $4,038.73 $10.36 $33.02 $10.01 $14.37 $9.58 Checking account interest Comcast refund Interest Verizon refund Interest TOTAL (Also enter on line 5, Recapitulation) $ 131,896.37 (If more space IS needed, Insert additional sheets of the same size) REV-1511 EX+ (12~99) . S!"~'~ ~.v; COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER EDNA D. PONTIUS Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. John Sullivan Funeral Home $5,383.00 2. Rolling Green Cemetery $1,045.00 3. Funeral luncheon $600.00 4. Burial Clothes $120.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s}/EIN Number of Personal Representative(s) Street Address City State _Zip Year(s) Commission Paid: 2. Attorney Fees - Lawrence J. Neary, Esquire $1,500.00 3 Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address Cily_.. State _ Zip Relationship of Claimant to Decedent 4. Probate Fees $302.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Barrett Real Estate Appraisal $275.00 8. Postal Services - stamps $37.00 9. Estate checks $16.99 10. Cumberland County Law Journal $75.00 1I. Deed recording fees $39.50 12. Devaney & Co. , P.C. (accounting fees) $225.00 TOTAL (Also enter on line 9, Recapitulation) S 9,618.49 (If more space is needed, insert additional sheets of the same size) REV-1512EX-(1-9/i -~ " d~ ~"~ . " ' ~, ' - "'.:.: SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FilE NUMBER EDNA D. PONTIUS Include unreimbursed medical expenses. ITEM NUMBER 1. PP&L 2. ucr 3. Real Estate Tax 4. Personal Tax 5. Skelton Oil 6. Physicians Rehab 7. PAWaterCo. 8. AT&T 9. Verizon 10. ucr 11. PA Water Co. DESCRIPTION AMOUNT $36.08 $44.10 $208.00 $9.80 $560.15 $110.00 $23.27 $ 71. 62 $53.07 $56.96 $13.97 $19.60 $115.00 $13.64 $736.43 $25.23 $12.62 $6.75 $15.96 $25.23 $7.00 $12.86 $23.86 $9.14 $14.19 $12.86 $22.94 $115.00 $19.31 $18.00 12. PP&L 13. East Pennsboro - sewer & garbage 14. AT&T 15. Bankcard Services (check cleared after date of death) 16. Verizon 17. PA Water Co. 18. AT&T 19. ucr 20. Verizon 21. PRrSM (medical bill) 22. PA Water Co. 23. PP&L 24. AT&T 25. ucr 26. PA Water Co. 27 . PP&L 28. East Pennsboro - sewer & garbage 29. ucr 30. Department of Vital Records TOTAL (Also enter on line 10, Recapitulation) (If more space is needed, insert additional sheets of the same size) $ 2,412.64 REV-1513 EX. Ig-OO*, COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER EDNA D. PONTIUS ,. RELATIONSHIP TO DECEDENT NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] Barbara A. Esterline Daughter 4325 Back Road Halifax, PA 17032 AMOUNT OR SHARE OF ESTATE NUMBER I 50% 2. Emilie J. Christenson Daughter 814 Old State Road Berwyn, PA 19312 50% ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE ,. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) t'~) ~~~.I :;;:-1- C.n I --.,J 2,"'; N _.J LhGT WILL AlID TESTA~lT OF EDNA D. PONTIUS I, Edna D. Pontius, of East pennsporo Township, Cumberland County, Pennsyl- vania, hereby declare this to be my last Will and. revoke all Wills which 1 have pre- viously mu.de. 1. I d.irect my Exscutor to pay the expenses of my funer..l and last ilItwss as soon as convenient after my death. 2. All of the rest, residue and remainder of my eutate I give, devise and bequeath to my husband, LeRoy A. Pontius, nbsolutely. 3. If my husband, LeRoy A. Pontius, should predecease me, or should we both die in a common accident, then I order and direct my Executor herzinafter named to sell all the rAst, residue and remainder of my estate at either public or :private r,ale and convert the same into cash; the net ~roceedR derived therefrom to be divided into two equal p&rts or shares:- (A). One part or share thereof I give ano be<;.ueath to my daughter, Barbara A. :IDsterline. (Il). The remaining pEl.rt 01' share thereof, I give and be"ue8th to my daughter, Emilie J. Christenson. 4. I appoint my HusbEl.nd, LeHoy A. Pontius, Executor of this Will. Shouled he any for ~1/ree~on, f~il to qualify, or cease to act as such, I appoint my daughter, Bar_ bara A. Esterline, Executrix of this Will. IN WITNESS WHEIUilOF, I have hereunto set my hano ,.nd seal this /./ tidilY of February, 1978. " "j t;~"- j).. ~~(i;lilAL). SIGNED, SEAr~D, PUBLISHED AND DECLAJffi;D by the above named Edna D. Pontius, as ~nd for her laBt Will and Testament, in the presence of us, who, at her requeGt, in her presence a-nd in the preoence of each other have hereunto subscribed our names as wli:tnesseo. a/g /~ A/n:S: ~{(,~ APR.. 25- 2005 18 : 37 PNCBANK 412 768 3458 P.01/01 0PNCBAN< April 26, 2005 uwrence J Neary 108 - 112 Walnut St. Harrisburg, FA 17101-1609 scp RE: Estato of Edna D Pontius (Deceased) SSN: 116-60-0925 DOD: 01-30-2005 Dear Mr. Neary: In response to your request for Date of Death balances for the customer noted above, our records show the follol"ing: Certificate of Deposit Account #21001021404 Established 11-01-1995 EDNA D PONTIUS DOD balance: $117,991.94 + $4.50 accrued interest Accounl#3l600091667 Established 06-17 -1997 EDNA D PONTIUS DOD balance: $9,780.37 + $3.49 accrued interest Checking Account Account #5140112082 Established 01-01-1970 EDNA D PONTIUS DOD balance: $4,038.42 + $0.31 accrued interest Please note tha, this office only provides date of death balances for deposit accounts (IRAs, CDs, Checking and Savings account",), W. do not process any financial transactions or provide statements, If you need assistance with any of these items, please call 1-888-PNC-BANK (1-888-762-2265) or stop by your local PNC Bank branch office, Sincerely, ~ ~.~ Erica L Schlegel 1-800-762-1775 P7-PFSC-04-F 500 Fi"" Ave, Pin,burghPA 15219 Member FDIC TOTAL P. 01 0. 'li.. 0.........",....;::., , ".i.:............ L:."::> ,...... , L:. '" ....rr..-v-...',;:,........ 0>::.1>,.......;;.;..::;, File No. 05-0102 APPRAISAL OF LOCATED AT: 401 South Enola Drive EnoJa, PA 17032 FOR: Barbara Esterline 4325 Beck Road Halifax, PA 17032 BORROWER: I PONTIUS, Edna D. (Estate) ASOF: January 30,2005 BY: Cassandra J. Crockett Certified Residential Appraiser 124-126 NORTH HANoVER STREET, CARLISLE, PA 17013 717-243~646 AND ~3-1l627 S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES File No 05-0102 03/21/2005 Barbara Esterline 4325 Beck Road Halifax, PA 17032 File Number: 05-0102 I In accordance with your request, I have personally inspected and appraised the real property at: 401 South Enola Drive Enola, PA 17032 The purpose of this appraisal is to estimate the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the estimated market value of the property as of January 30, 2005 IS: $68,000 Sixty-Eight Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully submitted, ~~, ULJ-udf Cassandra J. Crockett Certified Residential Appraiser Pronertv O&scriotion FileNo -0102 Pronert_ Address 401 South Enola Drive ca_ Enola State PA ZiDCode17032 LeaalOescri tion Deed Book 27.Q' Paae 870 Counlv Cumberland Assessor's Parcel No. 09-16-1050.033 Tax Year 04/05 RE.TmsS 1145.00 S ecialAsse:;smenlsS N/A Borrower PONTIUS Edna D. Estate CurrenlOwner Pontius Edna Occuoant: I Owner Tenanl X Vacant .. Pronertvri"hlsaooraised X FellSim Ie Lea~ehold Pro'ectT . Ipuo I CondominiumlHUONAonlv\ HOAS NfA IMo Nelohborhood or Proillcl Name Borouqh M, Reference 16-1050 Cen~u:; Trai:t 0102.00 SalePriceS NIA OateofSale NIA Oescrintionand$arnounlofloanchareslconces,iomlobe aidbseller NfA LenderiChent Barbara Esterline Address 4325 Beck Road Halifax PA 17032 Annlaiser Cassandra J. Crockett Address 126 North Hanover Street Carlisle PA 17013 location ~Urban ~Suburban HRural Predominant Single family housing Present land use 'Y. Land use changll Bull up IXJ Over75% ~ 25.75',(, 8 Under 25% occupancy PRICE AGE Onefamily~ ~NollikelY o Likely ""'" (;"1 Growlh rate 0 Rapid X Stable Slow ~Ownel -----El Low ~ 2-4farnay~ In process Property values ~lncreaSing @Stable Boedining @Tenanl 150 Hinh 100 IiLlti-farRY~ To Demand/supply n Shortage X tnl:olance ();er9JPfAy X Vaclnl(Q-.5%) : Predominanl ;::,:'< COlMlerclal 10% MJrketinotime Under3rms, rxl3-6mos. n Over6mos nV'<'rlO_~%) 95 BO Vacant I 5% Note' Race and the racial composition olthe neighborhood ilre not..ppr ..is;;Illactors. Neighborhood boundJries and characterislics: Subject is bounded on the north bv 1-81' on the east bv SusQuehanna River' on the south : bv Harrisburo Exoresswav~ and on the west b Central Street. . Factors thJt affect the markelability of the propertii!~ in1he neighborhood (proximity to employment and amenilies, employment slability, appeal 10 market. etc.): . Sublect nronertv is located in an established nejnhborhood of homes both detached and attached with a mix of residential " and commercial usa e.Sho ;0 and other amenities are within walkina or short drivino distance. School s stem is East Pennsboro District and school com lex is within .75 mile. SMSA 42.3240. MJrkel cOndilions in the subject neighborhood (including support fo' the above conclusions relaled to the Ir.nd of property values, dem:mdl~upply, and rm,keling lime ..such a"datJ oncompelitive properties for sale in the neighborhood, description of the prevJlenci! of sales and financing concessions, etc.) Property values are currently stable with an averaqe marketinq time of 80.100 days. Economic trends and lendinq rates have remained f'lvorable. Sales concessions occur infrenuentl . There are new homes under construction in surroundinq develooments, as well as 'resales available in the neiqhborhood. - ! P'oj.d 'o'o,m"'oo '0' PUD, (" 'ppl,,,bl.j .." Ih. 'm'o,..Ib,"d" '0 ""',,' ol'M. Hom. Owe.., A,;oo''',," (HDA)? U yes U I;D , Approwrote 10lJI number of unlls In Ihe subject project N/A Approxlrmte total number of units for sale in the subJecl proJe:t NIA DeScribe common elemenls and recrealional facrlll,es: N/A D,rr.er,:;ions See leqal description/tax map (xJYe5-~ Topography Basically Level Site area .10 Acre MIL Corne,Lol Size Tvpical for area Specific zoning cia:;sificJlion Jnd descliplion C-L Commercial Limited ShJpe ~ular Zoningcompli~nce 00 leg~1 IxlO LegalnOnCOnrring (GrandfJthere-d use) UlllegJI U No zoning Drainage t'.Epearsadequate H,qhe~l &. be,! u~e <I~ ,m ro_ed: X Pre~enl u~e Other u"ele~r.lain\ View Residential/Com merci al Utilil;e:. Pubiic Olher Oft.:.itelmprovemen!s Type Public Prr.,!_ Land=ping Typical Elec:nc:lj LK:!100amo Slre!!1 Asphalt 00 0 Drr.ewaySurfJce Gravel .-- GJS [ZJ CUlblgul!er Concrete 00 0 ApP<lrenleasemenls None Apparent -- WJler 00 Sidewalk Concrete 00 0 FEMASpeciaIFloodHJzardA:i!J LIYe" Wflo SaniiJrysewer 00 Slreet light~ Adequate ~ R FEMAZone C Mop DJle 4/15/77 Slorm~ewer X Niev To rear FEMAMapNo 4203598 Commenls (~ppJr.nl Jdver~e easemenls, encroachments, special a%es:;ment:;, slide areo~, illegJI or iegJI nonconfOlmlng zoning, use, e ~ c. ) There ~!e no ~eRarent adverse easements. encroachments or other adverse conditions. GENERAL DESCRIPTION EXTERIOR DESCRIPTiON fOUNDATION ~ BASEMENT 1.'.SULATiO,'1 No.ofUni!. 0" Foundalion Concrete SIJb None~_ AreaSqFt 63cd p,cr ~O NoofSlorie:; Two ~_ EXleriorWJlls Aluminum OovJSp;lCe None '",Finished QJo Celng 0 ~ Type(DeUAII) ~:~ Roof Surface ShinQle/Roll , Basemenl ~ Celing Unfinished I ','h~> ---.:: 0 Oe,ign(Slyle) 2StOfV__ Guitersl.Own'pls Aluminum - Surrp PUrrp !'lone J \'I~II: Con~ F ~ c c , __~O E~isl'ngIPropo~ed Existinq_ Window Type Alumi.!!..1.!.l]l__ D3mpness None Obs. I Floor ~l li,oe --~ [] Age(Y',) 85 Yrs S\ormlScre~n:; y" Selllement None Obs. 1 L".-", Uti EffediveAoe Yr,.\ 15-20 Man'Jf"c1uredHou;e No I"fesl"tion None Obs. Oubi:leEnlry Ng I . ROOMS _Fover livin Oinin Kilchen _Den I F"mil_Rm Rec.Rrn B~drcoms # Baths LJUndrv! c: ~,er I .Area~liL Basemml -- I----- I leyell 1 Area 1 .5 Area 636 leyel2 - 3 1 I 63~ . I Finished areJ ~bove or"de contains. 5 Rooms; 3 Bedrooms, 1.5 Bathl:;) 1 272 S .JJ,e F.~t olGlc.s LivinG AIeJ INTERIOR MJteri<lls/ConddiOn HEATING KiTCHEN EQUIP ATIlC AMEMTIES CAR STORAGE Flocrs t!rdwdlCarplVinyl Type Radiatrs Refrigeralor 0 None 0 hepIJi:e(s)# CJ fbr~ 0 . Walls Plas.~___~_ Fuel Oil 00 Stairs 00 - 0 Range/Oven Polio G<lr:;;~ #ofc"," T,irrlFinioh ~ood CondAKln.Good ._ Di'posal [J DropSIJir 0 Oed 0 A'lo,~~j BalhFloor ~111~__..,_~ COOLING [] [J -...-- 00 --~ OishwJ~h~r Scu:!le Porch ~~~ O.:,:hed Central Non~,. 0 [XJ 0 ~.- BJlhWain:;col Cer.amiclE.~ Fan/Hood Floor Fence 6u3'.ln 0 0 0 --~ Docr~ Wooden. ~~ Other Window MicrowJye HeJled Pool C"p~f1 Aver..ae Condition CondknAver..qe V!J:herJO:<'er " Finlc,!\,.,o 'l I' , c,:,...., ~ 11G~vl Additional fealure, (:;peciJI energyeHicienl items, elc.) Familv member states that oven and one burner no lonqer function; interior of home has not been recently modernized: hot water healer fUrnace. roofinq Were recentlv replaced. - Condition of Ihe improvements, depreciation (phy:;ical, funclionJI, and exlernaf),repairsneeded, qUJlityofcon;lruclionremodeiingladditions el: Improve ments are in averaqe condition. Functional adiustment taken for qravitv heat to the rear bedroom. . Ad_erse emironmental condilions (such as, bulnot I'miled to. haza,dou" wastes. loxic subslances. etc.) pr~sent in thll impro_emenls. onH',.sile.oriolhe immediate yicioity of the subject ploperly: No adverse environmental conditions are apparent/disclosed, SUMMARY APPRAISAL REPORT UNIFORM RESIDENTIAL APPRAISAL REPORT 05 f".MloM.,r",,,, 7~ G-~J PAGE 10F2 "",,,,,,,,,,"'~Cl,,,_..IO""''''''''''''''',,m f"""...,."""";",, .,,1 V I I' S tlon aualon .- ESTIMATED SITE VALUE ..=$ 20000 Comments on Co.t Approach (such as, source of cosl estimate, ESTIMATED REPRODUCTION COST.NEW OF IMPROVEMENTS' sile value, square foot calculalion and for HUD. VA and FmHA, the Dwening Sq,Fl.@$_ ., eslimaled remaining economic life of the properly) Sq.Ft.@$ . Cost Approach .rfrom Marshall Swift Valuation Service . . Handbook and local cost anal sisl was considered but GaragelCalpori ~Sq_Ft.@$_ . deemed ineffective due to the ace of the imorovements. Tolal Estimaled Cost Nej I' , . . , 'I r . ., land value from Market Data Comparison. Deoreciation Less Physical Functional External Esl. Remaining Econ. Life: -15 based on aoellife observed condition and Market Data . Oep-ecialion .. Analvsis. Estimated Remainina Economic Life Is 30.35 DeprecIaled Value 01 Improvements , ., vears. "As-is' Value of Site Improvements, ., tNDICATED VALUE BY COST APPROACH. ., 20000 ITEM I SUBJECT COMPARABLE NO, 1 COMPARABLE NO, 2 COMPARABLE NO.3 401 South Enola Drive 214 North Enola Drive 34 North Enola Drive 162 South Enola Drive Address Enola Enola Enola Enola Proximitvto Subiect ........,.}} 0.99 MI NNW 0.75 MI NNW 0.35 MINW Sales Price , NfA ii , 77 900 iV ii , 72 000 $ 7B,OOO PriceIGrossLi<,!vea , 0.00 ill , 56.78 " .ViVV'i ;VV , 55.05 ill , 65.66 ill Oalaandlor Inspection Verification Sources CHR MLS/Courthouse Records MLS/Courthouse Records MLS/Courthouse Records VAlUE MlIUSTMENTS DESCRIPTION DESCRIPTION >{'ltA<l I""ne DESCRIPTION .(,',SA<l,"'41r"m DESCRIPTION I "(-IS";'''''''',I Sales or Financing I~'~ ii::;V; None, Conv : None, ConY None,Conv Concessions DOM 56 DOM91 DOM 29 DateofSalefTime NfA > 12/04 10/04 7/04 : Locahon Suburban Suburban Suburban Suburban Le.r.ehddiFeeSrrne Fee Simole Fee Simole Fee Simple Fee Simple : Site Lot/Avo r.101 Lot/Ava L10 : LoUAvQ .07 Lot/Av .09 : View Resid/Comm Resid/Comm Resid/Comm Resid/Comm OesiQnandAppeal 2 Storv/SemiDet 2 Storv/SemiDet : 2 Stor ISemiDet : 2 Storv/SemiDet : OJa'lvciConslNdOo Av /Aluminum Av /Aluminum : AvnNinvl Avo/Aluminum : A, 85Yrs 99 Yrs 84 Yrs 100 Yrs+l. Condition Averaoe Suoerior .5000 Superior -2000 Suoerior : .1000 Above Grade TOiol' ~,Jr'" ' ~"'" TOI'I'edrmo' f,11>! TOial' MIM,' e,~. TOI,I' ~Jm,' ' B.I'" Room Count 20 5: 3: 1.50 5: 2: 2.00: .1,000 6: 3: 1.00: 1,000 6: 3: 1.50 ' Gros,Livins.Area 1,272 SoFt 1372 SoFt .2000 1308SQFI. 0 1188SqFl 1,700 . Basemont & Finished Full Bsmtl Full Bsmtl Full 8smt/ : Full Bsmt/ Room~ Below Grad~ Dirt Floor Concrete .1000 Concrete -1000 Concrete .1,000 FunctoenJIUtilitv Gravt Heat So erior : .1000 So erior -1000 Sunerior : .1,000 - Healinq/Cooling OHW/None GFHAJNone GHW/None OHWICA : .2,000 . ~vElfo;ienlltems Tvnical Tvnical Tvpical Tveical ~qe/Carport OSP OSP : OSP 2 Car Garaoe -6,500 Perch. Palio, Deck, Porches Porches : PorchfDeckl -1,500 Porch/Fencing -1,500 Fireolacels\,etc Fencing Fence,Pool,etc None None : None None - Net Ad total) , X 10000 , X :s 4500 , Xi - ., 11,300 Adju~tad SJle~ Price ..i) i 1~;~t8;O;7I (;f005;18.8% orcom arable N,'.)"280/. S 67900 S .67,500 Ni't' ~14.5% , 66,700 Comment~ on sJles Compari~on (including the subject property's compatibility to the neighborhood, etc, ) All com parables are similar in stvle and -. location to the sub'ect orooertv. are verified closed sales and are the best currentl available. Comoarable sales #1 & 2 have had some remodelinq com Dieted' all comoarables had functioninc aDoliances lID time of sale. Rance of value is $66 000 to $69,000. --- ITEM SUBJECT COMPARABLE NO. I COMPARABLE NO.2 __CO,MPARA.BLENO.} .-- O<lte, Price and Oal<l SoorceforJ:fiorwles None None None None w~hinveard<loc;<Iisal CHR Courthouse Records Courthouse Records Courthouse Records AnJlysis or any current agleement or sale, oplion, orli~ting of the subject properly and an<llysis of any prier sales cJ subject and ool1ll<lrable~ w~hin one ye~r olthe date of apprai;;;1 No prior sales within three years were found. - INDICATED VALUE BY SALES COMPARISON APPROACH ".... .. , 68000 . INDICATED VALUE BY INCOME APPROACH If A ,nlicable Esli~led 'Ma'rket R~~l'$' . NfA ,1.10 ~ ~~ R~~I M~I;i~r,,; , NfA 0' NfA This apprai~al is rrode 00 .asis. o 5Ubjed to the repah. a~€'<ations, ;-,~pection~ or oonddions lisled below 0 S1Jbjed 10 corrpletion pe.- pan5 and ~peGifjc:JtOJr,5 Cond~irmsofAppnli:;a1 T~.~,_er.2pcrty has been appraised in current condition. This <l2t'raisal is,for_client only, nontransferable. See attached addendum. Final Reconciliation Cost and Market Analvsis consistentlv suooort mv estimated market value. GRM analvsis was found ~DroDriate for this analvsis. ~reatest wei ht is applied to the Market Data Analvsis. SupportinQ file information . substantiates these estimates, Thepurpo~eorthisappr"isalistoestimatetherrorketvalueofthereal property thai is Iheoubjecloflhisrepol1,based on the above condilions andth eceMIC:l!ion,oontinger,t and limiting cond~ions. and m:nket value definition that are stated in the attached Fre-ddie Mac Form4391Fannie Mae Form 10048 (RevOsed 6/93 ) t lWE) ESTIMATE THE MARKET VALUE, AS DEFINED. OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, ASOF 1/30/2005 . (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATEOFTHtS REPORT) TO BE$. 68000 ... . A_PPRAISER/1". /. _ 0/1 11..t.L SUP~~~bNLYjFRE~* lXJOidNot Sillna!ure //. A ( SIQna fe OOid Name Cassandra J. Crocke1t" Name Steven W, Barrett, SRPA, SRA Inspect Pro~erty DaleRepor1Siqned 03/2112005 DaleReollrtSioned 03/21/2005 StaleCer1ificationll RL.001348.l StatePA StaleCer1ificalionll GA-000298.L Stale PA Or State license II State Or State License # R8-026921-A State PA Frod'.. ~1" focm 10 &.'I:l Certlfced ReSidential PAGE20F2 Certlflea General Appraiser f.mi.M"Fn'XA "",,1 SUMMARY APPRAISAL REPORT UNIFORM RESIDENTIAL APPRAISAL REPORT FileNo 05.0102 //,"' .,../~~ Appraiser Pr.."'........"''''''~''",''.'''-'m..........b,'''''' Steven W. Barrett R.E. Appr. Svc. Suoolemental Valuation Section ,e o. ITEM I SUBJECT COMPARABLE NO.4 COMPARABLE NO.5 COMPARABLE NO.6 401 South Enola Drive 9 East Beale Street Address Enola Proxim~y 10 Subiect 0.23 MI NNW ~ Sales Price $ N/A $ 72 000 $ Price/Gross LN. Area $ 0.00 III $ 53.57 III $ III Data and/or Inspection Verification Sources CHR MLS/Courthouse Records VALUEADUUSTMENTS OESCRIPTION DESCRIPTION I +{.)$Adiustmenl DESCRIPTION I + {.'\$Adiuslment DESCRIPTION I +(.)$Adiuslment Sales or Financing None,Conv . . . . Concessions DOM 56 . . . Date of Salemme 5/04 : . : . location Suburban Suburban . LeasehddiFee SIT<Ie Fee Simple Fee Simple : . : . Site Lot/AvQ Ll01 LoU A VQ L091 : . : . View Resid/Comm Resid/Comm . . Desiqn and Appeal 2 Storv/SemiDet 2 Storv/SemiDet : . : . Ou.lvciConslrudion Ava/Aluminum AvaNinvl . . . . . . Aoe 85 Yrs 100 Yrs+/- . . . Condition Averaqe Superior : -1000 : : Above Grade Total' Bdfms ' Baths Total' Bdfms ' Battis . Total' Bdrms ' Battis . Total' Bdrms ' Battis . . . . Room Cou nt 5: 3: 1.50 6: 3: 1.00 . 1,000 . : . . : . . Gross UvinQ Area 1 272 SoH 1 344 SoH : -1400 SoH . SOH . . . . Basement & Finished Full Bsmt/ Full BsmU . . ~ Rooms Below Grade Dirt Floor . . . Concrete , -1000 . . If! Functional Ulil~v Gravtv Heat Suoerior : -1000 : . . . HeatinalCoolina OHW/None OFHAlNone : : . . Enerav Efficient Iterm Tvpical Tvpical . . Garaqe/Carport OSP OSP . . : . . Porch, Patio, Deck, Porches Porches . : . . FireDlace(s), etc. : . Fence, Pool, etc. None None . : : . : : : Net Adi. (Iolal) 1IIIiIi$ 3400..$ 0_$ Adjusted Sales Price of Comoarable $ 68 600 $ o $ Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc. ): ITEM SUBJECT COMPARABLE NO.4 COMPARABLE NO.5 COMPARABLE NO.6 Date, Price and Data Source for prior sales None None w~hin year of appraisal CHR Courthouse Records Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and cornparables w~hjn one year of the date of appraisal: i , i i . ! SUMMARY APPRAISAL REPORT UNIFORM RESIDENTIAL APPRAISAL REPORT F'I N 05-0102 -~ ~.' /' _/~ SKETCH/AREA TABLE ADDENDUM Case No FileNo 05.(l102 PropertyAddren 401 South Enola DrlvlI! - City Enola County Cumberland St..te PA Zip 17032 .. 150I'TOWolr PONTIUS, Edna D. {Estat..} LenderlClient Barbara Esterline UCAddren 4325 Beck Road, Halifax, PA 17032 Appr.liserN..me Cassandra J. Crockett ApprAddren 126 North Hanover Street, Carlisle, PA17013 ".[OJ I 12.0' 8_0' ! Bedroom , Kitchen i b ,; I Bath Porch -trflffillllil 2_0' ~" 1] 2_0' b llJI[[]]Jffi ~ b l Bedroom . . Dining Arca . b g RITiI!II1 b 0 M 2nd Floor Bedroom Lb;ngRoom 14_0' 140' b Porch ------..-.--. -. ----------------------- ------------------- Comments ---- . -------------- ----------- - ------ -------------- Scale 1=10 .--"-- - "--- BREA-KDOWN --- AREA CALCULATIONS SUMMARY LIVING AREA Code .~~~~~!>.~!~--- Size Totals Breakdown Sublotal. -- --- ----- -- r----- -- - --------. - -------- G~ l'lr:..t l'loor: '" 00 ~'ir"t l'loor Second Floor '" 00 I 1272.00 14.0 . 30.0 '" 00 pI' Porch H' 00 12.0 . 18.0 '" 00 l?orch "' 00 I 226 00 Second ~'loor: 14.0 . 30.0 '" 00 , 12.0 . 18.0 '" 00 , ! i i . I I : ! i I I I I TOTAL LIVABLE (rounded) 1272 4 Areas Total (rounded) ! 1272 ---------~------ -- ~- - " -- "PEJ,SOFIWAREiOO-O>a-.". ,.."0100...,..,,,,, Borrower: PONTIUS, Edna D. (Estate) ProperlV Address: 401 South Enola Drive City: Enola Lender: Barbara Esterline SUBJECT PROPERTY PHOTO ADDENDUM File No.: 05-0102 Case No.: State: PA Zip: 17032 FRONT VIEW OF SUBJECT PROPERTY Appraised Date: March 3, 2005 REAR VIEW OF SUBJECT PROPERTY STREET SCENE oJ""- COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: PONTIUS, Edna D. (Estate) File No.: 05.0102 Property Address: 401 South Enola Drive Case No.: City: Enola State: PA Zip: 17032 Lender: Barbara Esterline / COMPARABLE SALE #1 214 North Enola Drive Enola Sale Date: 12/04 Sale Price: $ 77.900 COMPARABLE SALE #2 34 North Enola Drive Enola Sale Date: 10104 Sale Price: $ 72,000 COMPARABLE SALE #3 162 South Enola Drive Enola Sale Date: 7104 Sale Price: $ 78,000 COMPARABLE PROPERTY PHOTO ADDENDUM File No.: 05-0102 Case No.: Borrower: PONTIUS, Edna D. (Estate) Property Address: 401 South Enola Drive City: Enola Lender: Barbara Esterline State: PA Zip: 17032 COMPARABLE SALE #4 9 East Beale Street Enola Sale Date: 5/04 Sale Price: $ 72,000 COMPARABLE SALE #5 Sale Date: Sale Price: $ COMPARABLE SALE #6 Sale Date: Sale Price: $ l> D z",- u u " u U ill ill }> ill ill , , ;:0 ~ ~ 0 0 0 0 0 9!. 9!. 9!. "'- fT1 tn tn tn r tn ~ ~ ~ (/) ~ ;... ;... 0 M- M- ill ill }> ill ill "" ~ :;;: ~ ~ -g. :;;: ill ~ S. ::J }> 0 0 3 ::J ~ (il ~ ::J 0 -; }> CL -=i ~ CD " ill CD -; X " :<: CD ~ fT1 x ~ ~ ~ z :;;: ~ ~ 0 ill ~ " '" I ~ ~ ~ '" 0 0 U1 I'T1 Ul ::tI > ... (") I'T1 >< "0 o ... ('I) ... ~ o .... (J) o s::: - :::r I'TI ::s o Q) C .... -. I\) (:) < CD .~/- ~.// LOCATION MAP Borrower: PONTIUS, Edna O. (Estate) Property Address: 401 South Enola Drive City: Enola Lender: Barbara Esterline DUPillHS fROSfEC\O ~ \ \ \ \c , " " '" '" File No.: 05-0102 Case No.: Stale: PA / / / ~/ '/ ~/ I I I I I I I I I I I I I I J I I I , Prepared by- Steven W Barrett RE. Appr. SV( (717) 243.6&16 lID Addre.. D." Price RM BR B.lli SqFt Proximity , .01 , ENOLA DR H/A H/A 5 3 .5 1272 0.00 M' 1 21. N ENOLA DR 12/04 77900 5 2 1372 0.99 '" NNW 2 34 N ENOLA DR 10/04 72000 6 3 1308 0.'/5 '" HHW 3 162 , ENOLA DR '//04 '/8000 6 3 .5 1188 0.35 HI HW . , E BEALE AVE 5/04 '12000 6 3 1344 0.23 HI NNW > c > , I I I I I I I I I I I I I I I I I I ~ I I ~ I I ~ I I I I I I I I Zip: 17032 " ~ ~~. ~C~ 124-126 NORTH HANOVER STREET, CARLISLE, PA 17013 717-243-6646 AND FAX 717-243-8627 FieNo 05-0102 -******* QUALIFICATIONS "******** The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the inspection of the subject property, the com parables sales, and their neighborhoods and locations. Unless otherwise noted, the conditions that apply to the subject property or the comparable sales used 00 NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. _1. The subject is located in a rural area and is less than 25% built-up. _x_2. Commercialllndustrial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods. //~. _3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area. //," _4. The predominant value in the neighborhood is less than that of the market value of the subject property. This Is due to the very wide range of value of properties in the area and superior quality of the subject property. _5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and suggested. _6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. This condition is considered typical in dwellings of this style. _7. The subject property is serviced by private well and/or septic systems which Is common for the area. _x_B. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. _x_g. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The items listed are cosmetic in nature. _x_10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a health or safety hazard. _x_11. The subject property does contain functional obsolescence as noted in the report. This condition is considered typical and common for the area and this style dwelling. ~12. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood. _13. The land value exceeds 30% of total value. This Is due to the large size of the site. This condition is considered to be typical and common. _14. Individual adjustments were required that exceed 15%. These adjustments were required due to lack of more similar com parables on that individual rating. All comparables used are the best available. ~15. Total adjustments exceed 25%. This is due to the lack of comparable sales that were more similar in the subject's market area. All comparables used are the best available. _x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the subject's area, none have sold recently; therefore, sales in excess of six(5) months have to be used. All com parables used are the best available. _17. One or more comparables used were in excess of one (1) mile from the subject property. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use com parable sales outside of the Immediate area. All com parables used are located in similar neighborhoods and within the same marketing area. All com parables used are the best available. 16. The electrical system was not connected during inspection. _19. The water service was not connected during inspection. _20. The heating system was shut down during inspection. _21. Roofing_Plumbing_Electrical_Heating~certification(s) is/are suggested. --;-22.. Inground swimming pool_. out buildings_are included_,not included_according to lender's gUIdelines. I I _23. According to lender's guidelines a maximum of_acres were considered for this valuation. creage wa~_ given no value. Remaining Fie No. 05-0102 UUAUU QUALIFICATIONS ********* _24. The subject property is located on a private road. _25. Wood infestation inspection is suggested. _x_26. Last recorded deed transfer: Date_2/24178_. Consideration: $1.00 _27. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like manner. _28. Seller is paying part or all of closing costs. _x_29. All comparable sales are verified closed sales. _x_30. There are no special conditions or other requirements that would affect market value or future marketability in the Appraisal Report. CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING INSPECTION. I File No. 05-0102 UUUUA QUALIFICATIONS ********* Confidentiality and Security Policy We consider privacy to be fundamental to our relationship with clients. We are committed to maintaining the confidentiality, integrity and security of clients' personal information. Internal policies have been developed to protect this confidentiality, while allowing client needs to be served. We restrict access to personal information to authorized individuals who need to know this information to comply with federal standards to protect your nonpublic personal information. We do not disclose this information about you or any former consumers or customers to anyone, except as permitted by law. The law permits us to share this information with our affiliates. The law also permits us to share this information with companies that perform marketing. When we share nonpublic information referred to above, the information is made available for limited purposes and under controlled circumstances. We require third parties to comply with our standards for security and confientiality. We do not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent, sell, trade or otherwise release or disclose information to any other party. Education As of the date of this report, I and/or Steven W. Barrett, SRPA, SRA, have completed the requirements under the continuing education program of the Appraisal Institute. F.aNo. 05-0102 DEFINITION OF MARKET VALUE: The most probable price which a property should bring irl a competitive and open market under all conditions requisite to a lair 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 01 a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure irl the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangemenls comparable therelo; and (5) the price represents lhe normal consideration lor the property sold unaffected by special or creative financing or sales concessi ons'granted by anyone associated with the sale "Adjustments to lhe comparables musl be made for special or creative financing or sales concessions No adjuslments are necessary for those costs which are normally paid by sellers asa resull of tradition or lawina market area; these coslsare readil yidentifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing lermsoffered bya third party instilutional lender that isnol already involv ed inthe properly or transaction Any adjustmerlt should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustmerlt should approximate the markel's reaction to the financing or concessions based on the Appraiser's judgment STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears irl the api"raisal report is subject to the following conditions 1 The appraiser will not be responsible for matters of a legal nature that affect either the property being appaised or the title to it The appraiser assumes that the title is good and marketable and, lherefore, will not render arlY opinions about the tit:e The property is ap~raised on the basis of it being urlderresponsible oWrlership 2. The appraiser has provided a sketch in the appraisal reporl to show approximate dimensions of the improvements and the sketch is included only to assisl the reader olthe report in visualizing the property and understanding the appraiser'sdeterrnirlaticn of it ssize 3. The appraiser has examined the available flood maps that are provided by the Federal Emergerlcy Management Agerlcy (or other data sources) and has noted irl the appraisal report whether the subject site is located in arl identified Special Floo,j Hazard Area Because the appraiser is nota surveyor, heorshe makes no guarantees, expres sorimplied,regardirlgthisdetermination 4. The appraiser will not give testimony or appear in court because he or she made an appraisal olthe properly in question, un!essspecific arrangements todo so have been made beforehand 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use arld the improvements at thair contributory value. These separate valuations of the land and improvements must net be used in conJunctior. 'o',i:h any other appraisal arld are invalid if Ihey are so used 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed rapairs, depreciat:on. the prese,1ce of hazardous wastes, toxic substances, etc. ) observed during the inspection of the subject property cr that he or she tecame aware ofdL.:ring the normal res<J;3lch involved in performing the appraisal Unless otherwise stated in the appraisal report, tha appraiser has r.O knowledge of any hidden or unapparellt conditions of the property or adverse environmerltal conditiolls(including the presence cf hazardous wastes, toxic substances, etc ) that would make the property more or less valuable, and has assumed that there are no s'Jch condi:ions and makes rlO guarantees or warranties, express or implied, regarding the cOrldition of the property. The appraiserwiil rlct be responsible f:Jr arlysuch conditions that do exist or for any engineering or testing that might be required to discover wllether such CCrlditions eXIst. Because the appraiser is not all expert in the field ofenvirorlrnental hazards, the appraisal report must no tbecollsideredasarlenvironmentalassessrnent of the property 7. The appraiser obtained the information, estimates, and opinions that were express~d in the appraisal report from sources that he or she considers to be reliable and believes them 10 be true and correct The appraiserdo~s not assume resparlsitili(y fer the accuracydsuch ilems that were fumished byolherparties 8. The appraiser will not disclose the contents of the appraisal report except as provided lor in the Uniform Standards of Prolessiorlal Appraisal Practice 9. The appraiser has based his or her appraisal report and valuation conclusiorlfor arl appraisal that is su!ljectto satisfaclory completion, repairs, or alterations on the assumplioll that completion of the improvements will be performed in a workmanlike maC,rle~ 10. The appraiser must provide his or her prior written consent before the lender/clierlt specified in the appraisal report can distribute the appraisal report (irlcluding cOrlciusions about tile property v alue, the appraiser's identity and professiorlal designatiolls, and references to any professional appraisal orgarlizatiorls or the firm with which the appraiser is associDted) toarlyone other than the borlower; the mortgagee or its successors and essigns; the mortgage insurer; consultants; professional appraisal orgarlizations; any state or federally approved firlarlcial institution; or any departmerlt, agency, or instrumentality 01 the United States or any state or the District of Columbia; except thaI the lender/client may distribute the property description section of the report orlly to data collection or repcrtillg service(s) withO'Jt havlrlg to obtain the appraiser's prior written consent. The appraiser'swritterl conserlt and ilppro'lal must also be obtained before the appraisal can be conveyed by anyone to lhe pUbliC through advertising, public relations, news, sales, or other media Page 1 of2 Fannie Mae Ferm 1004B6.93 Freddie MacForm 4396.9) FiaNo.05-0102 APPRAISERS CERTIFJCA TION: The Appraiser certifies and agrees that 1, I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subJecl property for consideration in the sales compariso n analysis and have made a dollar adjustment when appropriate tore flectthe market reaction to those items 01 significant variation. II a significant item in a comparable property is superior to , or more favorable than, the subject property, I have made anegativeadjustmenttoreducetheadjustedsalespriceofthecomparableand, ifasignificantitemina comparable property is inferior to, or less favorable than the subjecl property, I have made a positive adjustment to increase the adjusted sales price of the comparable ./'''~'--- 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe,to the best of my knowledge, that all statements and information inthe appraisal report are true and correct .--// 3. I stated in the appraisal report only my own personal, unbiased,and professional analysis, opinions, and conclusion s,which are subject only to the contingent and limiting conditions specified inthisl orm 4. I have no present or prospective interest in the property that is thesubjecttothisreporl,and I have no present or prospective pe rsonal interest or bias with respecl to the participants in the transaction. I did not base, either partially or completely, my analysis andlorthe estimate of market value in the appraisal report on the race, color, religion, sex,handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in lhe vicinity of the SubltKtproperty 5 I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing lhis appraisal is contingent on th e appraised value olthe property 6. I was not required to report a predetermined value or direction in value that lavors the cause of the client or any related party, the amount of the value estimate, the attainment of a specificresull. or the occurrence ofa subsequent eventin order to receive my compensation and/or employment for performing the appraisal. I did nol base the appraisal report on a requested mirlimum valuatiofl, a specificvaluaticn, or the need to approve a specific mortgage 10 an. 7 I performed this appraisal in conformity with the Unilorm Stafldards of ProfessiOflal Appraisal Practice that were adopted afld prorllulgJ:ed by the Appraisal Stafldards Board of The Appraisal Foundation and that were in place as of the elfective date of this appraisal, with the exceptiofl of the departure provisiofl 01 those Standards, which does not apply I ackflowledge that afl estimate cia reasoflal:le time f::lr exposure in lhe opefl market is a cOfldltion in the detinitiorl ot market value arld the estimate I developed is consistent w:th the marketing time nctedinthe neighbcrhood section ot this reporl. unless I have otherwise stated in the reconciliaticn section 8. I have personafly iflspected tile irlterior and exterior areas of the sublect property and the exterior 01 all properlies listed as com parables in the appraisal report. I furthercertily that I have noted any apparent or known adverse cCflditions in the subject improvemerlts, orlthe subject site, or Orl any site withiflthe immediate vicinity of the subject property of which I am aware afld have made adjl,;stments for these adverse conditiofls in my analysis 01 the property value to the exteflt that I had market eviderlce to support them I have also commeflted about the eflect of the adverse conditions on the marketabililY ofH',e subject property 9 I personally prepared all conclusions 8fld opinions about the real estate that were set forth irllhe appraisal repcrt II I relied on signiflcafl! professiorlal assistance lrom any individual or indi'liduals in the performarl ce of the appraisal or the preparaticn cfthe appraisal report, I have flamed such ifldividual(s) and disclosed the specific tasks performed by them ifl the recoflciliation secticn otthis appraisal report. I certify that aflY individual so named is qualified to perform the tasks. I have not authorized anyone to ma~e a cr,ar,ge to any item in the report; therelore, ilafl unauthorized change is made tothe appraisafreport, Iwill ta~enorespoflsibilitylorit SUPERVISORY APPRAISER'S CERTIFICATION: If a sU;Jefvisory appraiser s:gfled the appraisal report, he or she certifies and agrees that 1 directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, a~,ee with the statements and conclusioflS olthe appraiser, agree to be bound by the appraiser's certifications rlumbered 4 through 7 above, afld am ta~ing lull responsibility tor the appraisal and the appraisal report ADDRESS OF PROPERTY APPRAISED: 401 South Enola Drive Enola PA 17032 APPRA!SER: SUPERVISORY APPRAISER (only if required) s::- ~ 'i'L rj J / } ,/ Sigflature: IS; {1/.".:/7.r~ {) (A.....(.~~ (r.. Name: Cassandra J, Cr.Q.~.~e!~ Date Signed: 03/21/2005 State Certification # RL-001348-L or State License # State: PA Expiration Date ofCer1iflcatiorl or License June 30 2005 Signature Name: Steven W, Barrett SRPA, SRA DateSigrled: 03/21/2005 State Certification #: GA-000298-L or State License #: RB-026921-A State: PA Expiration Date ofCertificatiorl or license June 30, 2005 o Did [X] Did Not Irlspect Property Certified Residential Appraiser Freddie MacForm 4396-93 Certified General Appraiser Page20f2 FannieMaeFcrml004B6-93 ,~t"'~~~~_I~:',\1f~'~,~;J;~f<it'IWi&'~~~J,,'1&,&.Gr":;>~'_~FiE~f;r:(" '.';" ,";1Mit\:""::Ji-',~~,~'" e. - ;:.:'~;~,~ > ... /'~ ,~' . . " {I~.'g.",,~::,..~ ... ',,"" r~ ~, j/, ,.r. ;0' .. , . < ---' '~ \, !XI. j i 11II1' ~ I I I I "-" :>-< P::: ~ -< z ;:::;..- ;=J "-" CY~ O~Vli2 U~"-"~ QOVl-< Zr::5c.. -< P:::::c: . ....l;=J~::J P:::Op:::Vl "-"U;=J- p:) O....l ::8 uP::: ;=J -< U ~U :>-< Q:; --< ... Z ~ C 'D ~ OJ ;.. iJ-' ~ '" j ~ ~ ~ ~ ." 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