HomeMy WebLinkAbout10-20-05 (2)
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REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
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Thomas, Ph lIis V.
DATE OF DEATH (MM-DD-Year)
DATE OF BIRTH (MM-DD-Year)
07/23/2005 09/17/1913
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST. AND MIDDLE INITIAL)
[Xl 1. Original Retum
D 4. Limited Estate
[Xl 6. Decedent Died Testate (Mach copy of Will)
D 9. Litigation Proceeds Received
o 2. Supplemental Retum
o 4a. Future Interest Compromise (dale at death aher 12.12-82)
o 7. Decedent Maintained a Living Trust IAllach copy of Trust)
o 10. Spousal Poverty Credit (dale 01 dealh between 12-31-91 and 1-1-95)
OFFiCIAL U E ONL f
FILE NUMBER
2 1 -0 5
"'COU'Nl'iToiiE" ---"TEAr-
SOCIAL SECURITY NUMBER
763
- ;M;;BER- -
1 74- 0 5 - 990
THIS RETURN MUST BE FILE IN DUPLICATE WITH THE
REGISTER OF WILLS
82,000.001
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19,724.28 '
SOCIAL SECURITY NUMBER
D 3. Remainder Return (daleoldealhpnorto 12-13-82)
D 5. Federal Estate Tax Return Required
_ 8. Total Number of S Ie Deposit Boxes
D 11. Election to tax un er Sec. 9113(A) (Attach Sch 0)
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THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIALTAX INFORMATION SHOULD BE DIRECTED TO:
NAME COMPLETE MAILING ADDRESS
Ro er B. Irwin Es uire 60 West Pomfret Street
FIRM NAME (If Applicable)
Irwin & McKni ht Carlisle, PA 17013
TELEPHONE NUMBER
717 -249-2353
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1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2)
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3)
4. Mortgages & Notes Receivable (Schedule D) (4)
5. Cash, Bank Deposits & Miscellaneous Personal Property (5)
(Schedule E)
6. Jointly Owned Property (Schedule F) (6)
D Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7)
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H) (9)
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subject 10 Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
0.00 X _ (15)
0.00 X _ (16)
0.00 X .12 (17)
30,000.00 X .15 (18)
(19)
16. Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxable at sibling rate
18. Amount of Line 14 taxable at collateral rate
19. Tax Due
20. D
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
. >:> BE SURETO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < <
475,959.90
(8)
60,563.52
2,907.11
(11)
(12)
(13)
(14)
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577 684.18
63470.63
514213.55
484,213.55
30,000.00
0.00
0.00
0.00
4500.00
4,500.00
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ece ent's omplete Address:
STREET ADDRESS
226 Peach Glen Road
CITY I STATE I ZIP
Gardners PA 17324
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
4,500.00
225.00
Total Credits (A + B + C)
(2)
225.00
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (0 + 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 than Line 2, enter the difference. This is the TAX DUE. (5)
A. Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B)
Make Check AGENT
0.00
0.00
4,275.00
4,275.00
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; ........................................................................... 0 IZl
b. retain the right to designate who shall use the property transferred or its income; ........................................ 0 IZl
c. retain a reversionary interest; or ...................................................................................................... 0 IZl
d. receive the promise for life of either payments, benefits or care? ............................................................. 0 IZl
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration?................... ................. ..... ........................... .......................... 0 IZl
3. Did decedent own an 'in trust for" or payable upon death bank account or security at his or her death? ................. 0 IZl
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ....................................................................................................... 0 IZl
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Under penalties of pe~ury. I declare that I have examined this return. including accompanying schedules and statements, and to the best of my knowledge and belief, it is true. correct and complete.
Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
ADDRESS
DATE
10/21/2005
717 249-2353
DATE
10/21/2005
For dates 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. s9116 (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% [72 P.S. s9116 (a) (1.1) (ii)].
The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one 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% [72 P.S. s9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. S9116(1.2) [72 P.S. s9116(a)(1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P .S. s9116(a)(1.3)]. A sibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
R~V-1502 EX + (6-98)
*'
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Thom~!': Phvlli!': V. 21 05 07fl:
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 wo Id 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 DrODertv which is iointlv-owned with riaht of survivorshiD must be disclosed on Schedule F.
SCHEDULE A
REAL ESTATE
ITEM
NUMBER
1.
DESCRIPTION
226 Peach Glen Road, Gardners, Pennsylvania - Appraisal Attached.
VALUE AT DATE
OF DEATH
82,000.00
l:::xt: k\ lo 0 cO
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j:\p D SD .(~-U
TOTAL (Also enter on line 1, Recapitulation) $
82 000.00
(If more space IS needed, msert additional sheets of the same size)
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Rf.'V-1508 EX + (6-98)
'*' SCHEDULE E
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC.
INHERITANCE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Th()m;:l~ Phvlli~ V 21 05 n7El:-l
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Cash on Hand 1,506.87
2. Personal Property - Coins, Jewelry, Furniture 624.46
3. M & T Bank - Certificate of Deposit - 031003913903281 60,055.35
4. M & T Bank - Certificate of Deposit - 031003913903314 10,011.20
5. M & T Bank - Certificate of Deposit - 031003913903702 48,568.87
6. M & T Bank - Certificate of Deposit - 031003914378798 48,070.56
7. M & T Bank - Certificate of Deposit - 031003914455439 15,020.51
8. Wachovia Bank, N. A. - Certificate of Deposit - 247412050818977 50,016.71
9. PNC Bank - Certificate of Deposit - 31600204547 50,069.99
10. PNC Bank - Certificate of Deposit - 31100220461 13,922.35
11. PNC Bank - Certificate of Deposit - 31900245998 40,064.11
12. PNC Bank - Checking Account - 5140397436 34,755.36
13. PNC Bank - Savings Account 5003904374 42,275.48
14. 1985 Pontiac Bonneville Sedan 400.00
15. Sovereign Bank - Certificate of Deposit - 1675203168 50,084.58
16. Personal Property 10,513.50
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TOTAL (Also enter on line 5, Recapitulation) $ I 475 959.90
,
(If more space is needed, insert additional sheets of the same size)
. .
Rr;:V-1511 EX + (12-99)
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SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Thom~~ Phvlli~ V
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A.
DESCRIPTION
FUNERAL EXPENSES:
Hollinger Funeral Home
B.
FILE NUMBER
21 05
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s) ROQer B. Irwin, Esquire
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address 60 West Pomfret Street
City Carlisle State PA Zip 17013
1.
Year(s) Commission Paid:
2.
3.
Attorney Fees Irwin & McKnight
Family Exemption: (If decedenfs address is not the same as claimanfs, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4. Probate Fees
5. Accountanfs Fees
6. Tax Return Preparer's Fees
7. York Waste Disposal - Trash Removal
8. Lawn Care
9. Nancy Zenuch - Reimbursement
10. Steven W. Barrett Real Estate
11. Realty Transfer Tax
12. Nancy Zenuch - Clean House
13. Andrew Zenuch - Clean House
14. Bill Rowe, Auctioneer - Public Sale
076:3
TOTAL (Also enter on line 9, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
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AMOUNT
8,010.00
20,000.00
20,750.00
464.00
350.00
2,135.90
155.00
74.12
275.00
860.00
1,950.00
1,860.00
3,679.50
60 563.52
. .
REV-1512 EX + (6-98)
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SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ThomJ'l~ Ph\lllis V.
FILE NUMBER
21 05
Include unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION
1.
Moffitt Heart & Vascular, Medical
2. Cardiology Diagnostic Assoc., Medical
3. West Shore EMS, Ambulance
4. MCI, Telephone
5. Yellow Breeches EMS, Ambulance
6. Andorra Radiology, Medical
7. Central Penn Medical Group, Medical
8. Sarah A. Todd Home, Nursing
9. Yellow Breeches Family Practice, Medical
10. Sprint, Telephone
11. Penn Fuel Propane, Fuel
12. Vascular Associates, Medical
13. Central Penn Medical Group, Medical
TOTAL (Also enter on line 10, Recapitulation)
(If more space is needed, insert additional sheets of the same size)
I
07E3
VALUE AT DATE
OF DEATH
14.37
3.54
666.24
19.01
499.53
16.65
29.60
1,254.00
279.85
59.28
16.25
19.19
29.60
$
2.907.11
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COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Th(}m~c:: Phvllic:: V.
NUMBER
I.
SCHEDULE J
BENEFICIARIES
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
FILE NUMBER
21 Of)
RELATIONSHIP TO DECEDENT
Do Not List Trustee{s)
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I MOUNT OR SHARE
OF ESTATE
10,000.00
10,000.00
10,000.00
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-150 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
Charlotte Carbaugh
116 W. Main Street
Fayetteville, PA 17222
Genevieve Newman
122 Lincoln Drive
Fayetteville, PA 17222
Ruth Myers
13 Forest Avenue
Fayetteville, PA 17222
Collateral
Collateral
2.
Collateral
3.
1.
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
Uriah United Methodist Church
925 Goodyear Road
Gardners, PA 17324
The United Methodist Church
202 West Butler Street
Mt. Holly Springs, PA 17065
Crystal Cathedral Ministries
PO Box 100
Garden Grove, CA 92840-0100
2.
3.
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)
$
5,000.00
5,000.00
1,000.00
484213.55
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, Continuation of REV-1500 Inheritance Tax Return Resident Decedent
Thomas, Phyllis V. 21 05 0763
Decedent's Name Page 1 File Number
Schedule J - Beneficiaries - 28
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
4. Red Cloud Indian School 1,000.00
HC49, Box 100
Pine Ridge, SO 57770-9710
5. St. Josephs Indian School 1,000.00
111 S. Main Street
Chamberlain, SO 57325-1329
6. The Heart Association-PA Affiliate 10,000.00
PO Box 8835
Camp Hill, PA 17001-8835
7. The Salvation Army 1,000.00
125 S. Hanover Street
Carlisle, PA 17013
8. The Golden Age Club, ell Winifred Trostle 500.00
638 Holly Pike
Mt. Holly Springs, PA 17065
9. American Lung Association of South Central Association 5,000.00
6041 Linglestown Road
Harrisburg, PA 17112-1208
10. American Cancer Society, Capital Region Unit 5,000.00
PO Box 897
Hershey, PA 17033-0897
11. American Red Cross 5,000.00
1710 Ritner Highway
Carlisle, PA 17013
12. Children's Miracle Network, Milton S. Hershey Medical Center 222,356.77
500 University Drive
Hershey, PA 17331
13. Children's Wish Foundation International 222,356.78
8615 Roswell Road
Atlanta, GA 30350-7526
SUBTOTAL SCHEDULE J.2B 473,213.55
I
LAST fVILL AND TESTAMENT
1, PHYLLIS V. THOMAS, of Dickinson Township, Cumberland County,
Pennsylvania, declare this instrument to be my Last Will and Testament, hereby expressly
revoking all Wills and Codicils heretofore made by me.
1. I direct my executor to pay all of my debts, funeral and administrative eXJ enses as
soon as may be done conveniently after my decease.
2. I authorize and empower my executor to sell any realty owned by me at my ~eath, at
either public or private sale, and to give good and sufficient deeds therefor, in fee simple, as I
could do if living.
3. I give, devise and bequeath all of my estate of evelY nature and wherever si :uate as
follows:
(1) The sum of $10,000.00 to Charlotte Carbaugh, of Fayeteville,
Pennsylvania;
(2) The sum of $10,000.00 to Genevieve Newman, of Fayet eville,
Pennsy lvania;
(3) The sum of$lO,OOO.OO to Ruth Myers, of Fayetteville, Penilsylvania;
(4) The sum of $5,000.00 to Uriah United Methodist Church, of Ga dners,
Pennsylvania;
(5) The sum of $5,000.00 to The United Methodist Church, of M unt Holly
Springs, Pennsylvania;
(6) The sum of $1,000.00 to the Crystal Cathedral Ministries, f Garden
Grove, California;
(7) The sum of $1,000.00 to the Red Cloud Indian School, of Pi
South Dakota;
(8) The sum of$l,OOO.OO to S1. Josephs Indian School, ofChamberla'n, South
Dakota;
(9) The sum of $10,000.00 to The Heart Association-P A. Affi iate, of
\V orrnleysburg, Pennsylvania;
(10) The sum of $1,000.00 to The Salvation Army, of Carlisle, Pennsyl allla;
(11) The sum of $500.00 to The Golden Age Club, of Mount Holly pnngs,
Pennsylvania,
(12) The sum of $5,000.00 to American Lung Association of South Central
Pennsylvania, York, Pennsylvania;
(13) The sum of $5,000.00 to American Cancer Society, Capital Regi n Unit,
Harrisburg, Pennsylvania;
(14) The sum of $5,000.00 to the American Red Cross, of
Pennsylvania, and
(15) All the rest, residue and remainder to The Children's Miracle N
The Milton S. Hershey Medical Center, Hershey, Pennsylvania 170 3, and
Children's Wish Foundation International, 8615 Roswell Road, .
Georgia 30350-7526
"
4. I nominate and appoint Roger B. Irwin to be the executor of this my Las Will and
Testament, she is to serve as such without bond. Should he die before my death, re ounce or
refuse to serve for any reason, or die leaving any of my estate unadministered, I no inate and
appoint Marcus A. McKT"Jight, III and James D. Hughes, as substitute executors, also t serve as
such without bond, with the same powers as are given herein to my executor.
5. I hereby suggest that my personal representative retain the services f Irwin,
McKnight & Hughes as attorneys in the settlement of my estate.
IN WITNESS 'WHEREOF, I have hereunto set my hand and seal this !J'i-f1 day of
April, 2000.
EAL)
Signed, sealed, published and declared by PHYLLIS V. THOMAS, the testatrix above
named, as and for her Last Will and Testament, in the presence of us, who, at her request, in her
presence and in the presence of each other have subscribed our names as witnesses hereto.
.
ACKJ.'\iO'VLEDGlVIENT AND AFFIDAVIT
\VE, PHYLLIS V. THOMAS, CHERYL L. CLELAND and MARTHA L. NOEL,
the testatrix and witnesses respectively, whose names are signed to the foregoing in trument,
being first duly sworn, do hereby declare to the undersigned authority that the testatr x signed
and executed the instrument as her Last Will, and that she had signed willingly, and that she
executed it as her free and voluntary act for the purpose herein expressed, and that ea h of the
witnesses, in the presence and hearing of the testatrix, signed the Will as a witness and t
best of their knowledge the testatrix was, at that time, eighteen years of age or older, f sound
mind and under no constraint or undue influence.
COJ.\tIMON\VEAL TH OF PENNSYLVANIA
S8:
COUNTY OF CU1VIBERLAND
Subscribed, sworn to and acknowledged before me by, PHYLLIS V. THO^,Lc\.
testatrix herein and subscribed and sworn to before me by CHERYL L. CLELAN
lVIARTHA L. NOEL, witnesses, this 'O~ day of April, 2000.
, the
and
j,//~7/L~,f\ 3, ckL
Notary Publi
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S. W. B....RE"fT RE.... ESTATE & ..PPRAIS.... SERVICES
He No. 0 ..0464
-.-. . .. -/.........-.......- .......\
..... ....-- .........
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APpRA\SA\.. Of
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\..OCA1'ED A1':
226 peach G\enn Road
Gardners, pA. 17324-9062
fOR:
\rwin &. McKnight
60 west pomfret Street
carlisle, pA.17013
BORROWER:
1HOMA.S, Phy\\ts lEstate)
AS Of:
4
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S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES
File No. 0 -0464
08/19/2005
Irwin & McKnight
60 West Pomfret Street
Carlisle, PA 17013
File Number: 05-0464
In accordance with your request, I have personally inspected and appraised the real property a :
226 Peach Glenn Road
Gardners, PA 17324-9062
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 improvement
In my opinion, the estimated market value of the property as of July 23,2005
is:
$82,000
Eighty-Two 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,
~~Q .\5"z,,^-,RM{L
Stan A. Skowronek
Certified Residential Appraiser
T
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SUMMARY APPRAISAL REPORT
.
ProDertv DescriDtion UNIFORM RESIDENTIAL APPRAISAL REPORT
File No. 05- 464
Pronertv Address 226 Peach Glenn Road City Gardners State PA ZIPC de 17324-9062
leaalDescrintion Deed Book M-28. oaae 354 County Cumberla:ld
Assessor's Parcel No. 08-43-3408-011 Tax Year 05/06 R.E. Taxes $ 1.476.00 Special Assesslnents $ N/A
Borrower THOMAS. Phvllis (Estatil Current Owner Thomas Phvllis Occuoant: r 1 Owner Tenant f xl Vacant
.. Pronertv richts annraised f X I Fee Simnle -r I Leasehold I Proiect Type 1 PUD r 1 Condominium lHUDNA onlv) H M$ NfA /Mo.
Neiahborhood or Proiect Name Dickinson Townshio Map Reference 43-3408 Census Tract 127.00
Sale Price $ N/A Date of Sale N/A Descriotion and $ amount of loan charaes/concessions to be paid bv seller N/A
Lender/Client Irwin & McKniaht Address 60 West Pomfret Street. Carlisle PA 17013
Aooraiser Stan A. Skowronek Address 126 North Hanover Street Carlisle PA 17013
Location 0 Urban ~ Suburban D Rural Predominant Single family housing Present land use %
Built up 0 Over 75% 00 25-75% 0 Under 25% occupancy f(~E ~~r One family 40%
Growth rate 0 Rapid 00 Stable 0 Slow 00 Owner 95 60 Low New 2-4 family 0%
Property values 00 Increasing 0 Stable 0 Declining 0 Tenant 225 Hiah -: Mult~family 0%
Demand/supply 00 Shortage 0 Inbalance 0 Oversupply 00 Vacant(D-5%) l::i{iJI!JNJ~ Predominant ~ Commercial 0%
Marketina time !Xl Under 3 mos. n 3-6 mos. n Over 6 mos. n VatanH"".. 5'4\ 120 40 Vacant I 60%
Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood boundaries and characteristics: The subiect is bounded on the north bv Chestnut St on the east bv Hollv I ike on the
: south bv Peach Glen Rd and on the west bv Mountain Rd.
· Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal t market. etc.):
~ There are no adverse factors to affect marketabilitv of subject. Diverse stable emolovment and all suooortina emenities are
" within reasonable drivina distance. SMSA 3240
Land use change
o ot likely 0 Likely
00 I process
To: RI sidential
Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, a d marketing time
- - such as data on competitive properties for sale in the neighborhood. description of the prevalence of sales and financing concessions, et .):
Property sales records and MLS statistics show a stead v increase in DroDertv values over the past year. Aver~ ae marketina
time of 20-60 days shows a shortaae in suoolv over the past several vears. Few sales and financing concessi ns are needed
in the neiahborhood.
. Project Information for PUDs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? 0 YES U NO
Approximate total number of units in the subject project N/A . Approximate total number of units for sale in the subject project ~fA
Describe common elements and recreational facilities: NfA
Dimensions See leaal description Topography Basicallv evel
Site area 2 Acres mil Corner lot TI Yes 00 No Size Tvoical fo area
Specific zoning classification and description Conservation Shape Irreaular
Zoning compliance 00 Legal 0 Legal nonconforming (Grandfathered use) 0 Illegal 0 No zoning Drainage Aooears /. deauate
Hiohest & best use as imoroved: rxT Present use "Fi' Other use (explain) View Ooen cou trv
Utilities Public Other Off-site Improvements Type Public Private Landscaping Fair
Electricity 00 100 amo Street Macadam 00 0 Driveway Surface Gravel
Gas 0 Propane (Ckna) Curb/gutter None 0 0 Apparent easements None Indi! ated
Water 0 Well Sidewalk None 0 0 FEMA Special Flood Hazard Area DYes 00 No
Sanitary sewer 0 Septic Street lights None ~ ~ FEMA Zone X Map [ate 12/19/1995
Storm sewer n Allev None I I I I FEMA Man No. 421580 00038
Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning, use, etc.): WI II/Seotie
common for area and have no adverse affect on marketabilitv. There are no adverse easements. encroach men s or other
adverse conditions.
GENERAL DESCRIPTION
No. of Units 1
No. of Stories 2
Type (Det./Att.) Detached
Design (Style) 2 Story
Existing/Proposed Existing
Age (Yrs.) 74
Effective Aoe Yrs.) 25-30
. ROOMS Fover
~ Basement
ii Level 1
· Level 2
EXTERIOR DESCRIPTION
Foundation Stone
Exterior Walls Fiberalass
Roof Surface Fiberalass
Gutters & Dwnspts. Galvanized
Window Type Wood Frame
Storm/Screens Yes/Yes
Manufactured House No
Dinino Kitchen
FOUNDATION BASEMENT
Slab None Area Sq.Ft. 812
QavASpace None % Finished 0%
Basement Full Ceiling Open Joist
Sump Pump No Walls Stone
Dampness None Obs Floor Dirt*
Settlement None Obs Outside Entry No
Infestation None Obs * Utilities on concrete
Familv Rm. Rec. Rm. Bedrooms # Baths Laundrv
INSl LATION
Roo
Ceili g
Wall
Floo
Non
Unknl>
o
o
o
o
o
(X)
Livina
Den
Other
Area SoH
1
1
1
1
1
.5
812
364
::::
.
Finished area above arade contains: 5 Rooms; 1 Bedroom s); 1.5 Bath(s); 1 176 Sou are Feet bf Gross Livino Area
. INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR 5 ITGE:
Floors Hrdwd/Vinvl Type FHA Refrigerator 0 None 00 Fireplace(s) # _ 0 None
i Walls Plaster Fuel Oil Range/Oven 00 Stairs 0 Patio 0 Garage b # of cars
Trim/Finish Wood CondilionAva Disoosal n nrnn ~t~ir n n^",L. II ..-
.,
, .
ADDENDUM
Borrower: THOMAS, Phyllis (Estate)
Proeertv Address: 226 Peach Glenn Road
City: Gardners
lender: Irwin & McKnight
File No.: 05-0464
Case No.:
State: PA
Zie: 17 24-9062
Condition of Improvements
Improvements are in fair conditon. The roof is visibly worn and along with internal water damage evident in the second f oor
ceilings indicate the roof shingles need to be replaced. The external wood is rotting in several areas along the roof line, a Ild both
front and rear porches. The detached three car garage is in need of repair and paint with numerous ground hog holes loelated in
the garage floor. The garage is currently stacked with numerous garbage bags from floor to ceiling in two thirds of the ga age. A
wood infestation and roofing inspection by licensed professional is recommended. Functional adjustments are made to I eflect the
one bedroom floorplan and the inadequate kitchen design which presently does not have a kithchen sink or plumbing. TI e water
source is a hand pump located in the rear screened in porch.
SUMMARY APPRAISAL REPORT
.
Valuation Section UNIFORM RESIDENTIAL APPRAISAL REPORT File No. 05-0464
ESTIMATED SITE VALUE. ..........................:: $ 40000 Comments on Cost Approach (such as, source 0 cost estimate,
ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: site value, square foot calculation and for HUD, V and FmHA, the
Dwelling Sq. Ft. @ $ :: $ estimated remaining economic life of the property):
Sq. Ft. @ $:: Cost Aporoach deemed a ooor indicator of value due to
:: age of the imorovements. Estimated ren ainina
. Garage/Carport _ Sq. Ft. @ $:: economic life is 30-35 years
Total Estimated Cost New :: $
. Less Physical 'j Fu~~tio'n~I'I' . E~t~r~~I' . Est. Remaining Econ. Life:
Depredation I I :: $
Depreciated Value of Improvements . . . . . . . . . . . . . . . . . " :: $
"As-is" Value of Site Improvements. . . . . . . . . . . . . . . . . " :: $
INDICATED VALUE BY COST APPROACH. . . . . . . . . " :: $
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2
226 Peach Glenn Road 320 N. Baltimore Avenue 13 Fairfield Street
Address GardnersMt. Holly Sprinas Mt. Hollv Sorinas
Proximity to Subiect 5.9 MI NNE 6.2 MI NNE
Sales Price $ N/A $~
Price/GrossLiv.Area $ 0.00 (2) $ 91.49 (2)~
Data and/or Inspection AppData/CHR App.Data/CHR
Verification Sources Courthouse
VALUE ADJUSTMENTS DESCRIPTION
Sales or Financing
Concessions
Date of SalelTime
Location
LeasehokJiFee Sirrl>Ie
Site
View
Desian and Appeal
Quaitv of ConslJUcIiJn
Aoe
.
Condition
Above Grade
Room Count
Gross Livina Area
. Basement & Finished
Rooms Below Grade
Functional Utilitv
HeatinQ/CoolinQ
· Enerav Efficient Items
Garaoe/Caroort
Porch, Patio, Deck,
FireDlacels), etc.
Fence, Pool, etc.
Suburban
Fee Simole
2 Ac/Avg
Ooen country
2 Story/Fair
Average
74 Years
Fair
T olat : Bdrms' Baths
5: 1: 1.50
1.176 SoH.
Full Bsmtl
Unfinished
1 Bdrm/Kitchen
FHA/None
Tvoical
2 Car Garaae
CovPor/SclPor
None
" + (-) $ Adiustment
DESCRIPTION I
$2500 CI. Costs :
DOM 3 :
09/15/2004 :
Suburban '
Fee Simole :
.17 Ac/Ava :
Residential :
2 Storv/Avg :
Averaae :
16 Years :
Averaae(-10%) :
T
COMPARI\BLE NO.3
220 Chestnu Street
Mt. Hollv Sor nas
5.7 MI NNE
9~$~82.000
~(2)~
MLS/Courths)
+ (-) $ Adjustment
-5 000
-9 100
o
2,000
-5.000
2.000
2,000
DESCRIPTION
None,Conv
DOM 24
08/20/2004
Suburban
Fee Simole
.16 Ac/Ava
Residential
2 Story/Ava
Averaae
100 Years
Fair
I + (-) $ Adjustment
DESCRIPTION
$2,500 Closing :
Cost :
OS/26/2005
Suburban
Fee Simple
.26 Ac/Ava
Residential
2 Story/AvQ
Averaae
75 Years ,
Average(-10%) :
-8 490
Total I Bdrms I Bath ,
4: 2: 1.00:
1 160 Sa.F. :
Partial Bsmt/ :
,
Unfinished
2 Bedroom
FHA/None
Tvoical
None
Patio
1,500
o
-3 000
2.000
2,500
Total : Bdrms. Baths :
4: 2: 1.00:
928 Sc.Ft. :
Crawl Space :
,
1,500
o
1,000
Total : Bdrms: Baths :
, ,--'
5, 3, 1.50:
1 200 SQ.Ft. :
Slab :
,
,
,
,
,
None
Net Adi. (total) + X - ' $ 1.990II1II-' $ 13 100&+ -: $
Adjusted Sales Price
of Comoarable $ 82 910 $ 77.900 $
Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.): Opinion of value ranae is $7 000 to
$86.000. No site adiustments made since all of the comoarables are serviced bv oublic water/sewer. No suitable one
bedroom comoarables were located. The lack of suitable comoarables within the subiects immediate vicinitv r'f;lauired an
exoanded search area. These are the best sales comoarables known to be available.
2 Bedroom/Bth , Averaae
,
FHA/BB/None , EBB/None
,
Tvoical , Tvoical
,
None , 2.000 None
,
Patios , 2,000 Deck
,
,
,
None , None
,
,
,
3.000
85 000
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARAB E NO.3
Date, Price and Data 06/16/1979
Source for prior sales $15,800 None None None
within year of aooraisal Courthouse Courthouse Courthouse Courthouse
Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the d te of appraisal:
No orior transfers of the subiect within the past 36 months and no orior transfers of the comoarables within 12 r honths of
their sale date.
INDICATED VALUE BY SALES COMPARISON APPROACH. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 82.000
. INDICATED VALUE BY INCOME APPROACHllfADoUcable) Estimated Market Rent $ NlA /Mo. x Gross Rent MultiDlier N/A = $ N/A
I This appraisal is made 00 "as is" 0 subject to the repars, alterations, inspections or oonditions listed below 0 subject to oompletion per plans an~ specifications.
Conditions of Appraisal: The orooertv has been appraised in current condition. This aooraisal is for mortgage ourooses on Iv.
nnntram::f9rablA ~AA att::U.,hAn annAnnllfn
Borrower: THOMAS, Phyllis (Estate)
Property Address: 226 Peach Glenn Road
City: Gardners
Lender: Irwin & McKni ht
Living
Sketch by Apex IV Windows TM
AREA CALCULATIONS SUMMARY
T
FLOORPLAN
File No.: 05..0464
Case No.:
State: PA
Zi : 17 24-9062
Bedroom
--r"
CL Cl
LIVING AREA BREAKDOWN
Code Description SiZ'e Totals Breakdown S btotals
GLA1 Firat Floor 812.00 812.00 I!'irat 1!'1oor
GLA2 Second Floor 364.00 364.00 26.0 :It 28.0 728.00
piP Screened In Porch 168.00 7.0 :It 12.0 84.00
Covered Porch 208.00 376.00 Second Floor
14.0 :It 26.0 364.00
vvg.l~"'" r"Vrc:.r\' 1 rnV' v I'\\J\JCN\JUM
=-------=
~0A
File No.: 05-0464
Case No.:
-
-'
lTOWer: I"HOMAS Ph \Us Estate
o ert Address',226 peach Glenn Road
tt.- Gardners
~nder: lrWin & McKn\ ht
FRONT ViEW Of
SUBJECT PROPER
Appraised Date: August 12, 2005
REAR V\EW Of
SUBJECT PROPER
STREET SceNE
'.
-.~--~
A.. ,.~,
-..... -~'-~-- ' ...""
-'-----.
\ d
file NO.: 05_0464
case No:.
...-
--------
state'. pIX
N~e 1'HOMIXS, ph \\\s Estate
~r\ Mdress: 226 peach Glenn Road
Gardners
lee \rW\n & McKn\ ht
...~
---
File No.: 05-0464
Case No.:
Zio: 113 4
state: PA
;[fower: 'tHONlAS Ph \lis Estate
~ress: 226 peach G'enn Road
it": Gardners
ender: \!'Win & McKni ht
~.
-:::::::=---- -'
.____:::c----
:::c----
l
\
\
\
\
--
~~~r~n"Y~~rnvr~nllrnVIVMUU~I~uum
BcJrrower: THOMAS, Phyllis (Estate)
fJroperty Address: 226 Peach Glenn Road
City: Gardners
Lender: Irwin & McKni ht
State: PA
File No.: 05-0464
Case No.:
-I COMPARABLE SAL #1
320 N. Baltimore Ave
Mt. Holly Springs
Sale Date: OS/26/2005
Sale Price: $ 84,900
COMPARABLE SAL #2
13 Fairfield Street
Mt. Holly Springs
Sale Date: 09/15/2004
Sale Price: $ 91,000
COMPARABLE SALE 3
220 Chestnut Street
Mt. Holly Springs
Sale Date: 0812012004
Sale Price: $ 62,000
.
'I
LOCATION MAP
Borrower: THOMAS, Phyllis (Estate)
Property Address: 226 Peach Glenn Road
City: Gardners
Lender: Irwin & McKni
File No.: 05-0464
Case No.:
State: PA
~-J
;/
j
~
(
-~,,\,
~
/
:/
J
Borrower: THOMAS Ph llis Estate
Property Address: 226 Peach Glenn Road
City: Gardners
Lender: Irwin & McKni ht
I
,/
Sut1ject
tar
Peach Glen
. .
FloodMap Legend
State: PA
File No.: 05-0464
Case No.:
Zi . 1 324-9062
,
,Goodyear
Cemete!">!
Cemetery
Commllnil''1t" d.?1.1i:An _ nlr-VU.lcnu Tn\t.,1U,t\llln .....,..
Flood Information
.
\
-0464
********* QUALIFICATIONS *********
The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser d ring the
inspection of the subject property, the com parables sales, and their neighborhoods and locations. Unles otherwise
noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT T E 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.
_2. Commercialllndustrial uses are located within the subject's neighborhood. These uses are typica of similar
neighborhoods.
_x_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses a typical for
the area.
_4. The predominant value in the neighborhood is less than that of the market value of the subject pr perty. This
is due to the very wide range of value of properties in the area and superior quality of the subject propert .
_5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is r qui red 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.
_x_7. The subject property is serviced by private well and/or septic systems which is common for the ar
_x_8. The subject is older than five(5) years. All mechanical systems including the heating, electrical a d plumbing
systems appear upon a visual exterior inspection to be in working order. No warranties are implied in thi statement.
_9. Repair items were noted in the comments section of the report. These comments on repair items
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 no pose a
health or safety hazard.
_11. The subject property does contain functional obsolescence as noted in the report. This condition s
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 neighbor ood. 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 I ck of more
similar com parables on that individual rating. All com parables used are the best available.
_x_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 com parables used are the best available.
_x_16. One or more comparable sales are older than six(6) months. Although there are comparable prop rties in the
subject's area, none have sold recently; therefore, sales in excess of six(6) months have to be used. All c mparables
used are the best available.
_x_17. One or more comparables used were in excess of one (1) mile from the subject property. Althoug there are
comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable
sales outside of the immediate area. All com parables used are located in similar neighborhoods and with n the same
marketing area. All comparables used are the best available.
_18. The electrical system was not connected during inspection.
_27. Proposed construction/renovation in accordance to plans and specifications to be completed in a orkman-like
manner.
_x_30. There are no special conditions or other requirements that would affect market value or future mar etability in
the Appraisal Report.
. ..
,
File No. 0 -0464
********* QUALIFICATIONS *********
_24. The subject property is located on a private road.
_25. Wood infestation inspection is suggested.
_x_26. Last recorded deed transfer: Date_06/16/1979_, Consideration: $_15,800_.
_28. Seller is paying part or all of closing costs.
_x_29. All comparable sales are verified closed sales.
CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DU ING
INSPECTION.
. "
,
File No. 0 -0464
********* 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 develo ed 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 ab ut you or
any former consumers or customers to anyone, except as permitted by law. The law permits us to share t is
information with our affiliates. The law also 'permits us to share this information with companies that per orm
marketing.
When we share non public information referred to above, the information is made available for limited pur oses and
under controlled circumstances. We require third parties to comply with our standards for security and c nfientiality.
We do not permit use of consumer/customer information for any other purpose nor do we permit third pa ies 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 und r the
continuing education program of the Appraisal Institute.
.
\
File No. 05-04 4
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive an open market
under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming th price is not
affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passin 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 in the open market (4) payment
is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal
consideration for the property sold unaffected by special or creative financing or sales concessions' granted by anyone assoc ated with the
sale.
. Adjustments to the com parables must be made for special or creative financing or sales concessions. No adjustments are ecessary for
those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifi ble since the
seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the com par ble property
by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or tran action. Any
adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar a ount of any
adjustment should approximate the market'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 in the appraisal 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 appraised or the Ii Ie to it. The
appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The propert is appraised
on the basis of it being under responsible ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and he sketch is
included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency ( r other data
sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the
appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, U less specific
arrangements to do 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 and the improvem nts at their
contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other a praisal and
are invalid if they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence f hazardous
wastes. toxic substances. etc. ) observed during the inspection of the subject property or that he or she became aware of durin the normal
research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge f any hidden
or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous astes, toxic
substances, etc. ) that would make the property more or less valuable, and has assumed that there are no such conditions a d makes no
guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible or any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. ecause the
appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment
of the property.
7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources th t he or she
considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accu acy of such
items that were furnished by other parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of rofessional
Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,
,oMi." nr "It"r"tinn<: no thl'! ::lO::O::lImntinn that comoletion of the imorovements will be oerformed in a workmanlike mannp.r
.
.. .
\
File No. 05-046
APPRAISERS CERTIFICATION: 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 a d proximate
to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate 0 reflect the
market reaction to those items of significant variation. If a significant item in a comparable property is superior to , or more fa orable than,
the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a signific nt item in a
comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase he 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 alue 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 in the appraisal report are true and correct.
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject
only to the contingent and limiting conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospecti e personal
interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, myanalysi and/or the
estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin f either the
prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vi inity of the
subject property.
5. I have no present or contemplated future interest in the subject property, and neither my current or future employm nt nor my
compensation for performing this appraisal is contingent on the appraised value of the property.
6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any rei ted party,
the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my
compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum aluation, a
specific valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were a opted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal,
with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a easonable
time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consiste t with the
marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section.
8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as co parables
in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improveme ts, on the
subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustment for these
adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also c mmented
about the effect of the adverse conditions on the marketability of the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on
significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of th appraisal
report, I have named such individual(s} and disclosed the specific tasks performed by them in the reconciliation section of thi appraisal
report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to a y item in
the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: If a superVisory appraiser signed the appraisal report, he or s e certifies
and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report. agre with the
statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and m taking
full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 226 Peach Glenn Road, Gardners PA 17324-9062
APPRAISER: SUPERVISORY 6PP~6IC:~D '^nh, ;f ..~~..:._...\
,. ..
I! M&TBank
499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-12
Phone (888) 502-4349
Fax (302) 934-2955
August 5, 2005
Law Offices
lnvin & McKnight
West Pomfret Professional Building
60 West Pomfret Street
Carlisle, Pennsylvania 17013-3222
~~~~uw ~
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Re: Estate of Phvllis V Thomas
Social Security: 174-05-2990
Date of Death: Julv 23, 2005
Dear Sir or Madam:
Per your inquiry dated July 29, 2005, please be advised that at the time of death, the above-named decedent had on d posit
with this bank the following:
1.
Type of Account
Certificate of Deposit
Account Number
031003913903281
Ownership (Names of)
Phyllis V Thomas *
Opening Date
03/08/99
Balance on Date of Death
$60,000.00
Accrued 1nterest
$ 55.35
Total
$60,055.35
1nterest Paid YTD
$ 690.57 (Accrued interest is not included)
2.
Type of Account
Certificate of Deposit
Account Number
031003913903314
Ownership (Names of)
Phyllis V Thomas *
Opening Date
05/07/99
Balance on Date of Death
$10,000.00
Accrued Interest
$ 11.20
Total
$10,011.20
1nterest Paid YTD
$ 93.02 (Accrued interest is not included)
3.
Type of Account
'I
I
.
.. ~
1
Certificate of Deposit
Account Number
031003913903702
Ownership (Names oj)
Phyllis V Thomas *
Opening Date
04/10/00
Balance on Date of Death
$48,353.95
Accrued Interest
$ 214.92
Total
$48,568.87
Interest Paid YTD
... _~_"_"".'_'.,..""'~"" .-..-... _~_ ..... ~ "'_'_b_. _...._,
$ 418. 76 (Accrued interest is not included)
4
Type of Account
Certificate of Deposit
Account Number
031003914378798
Ownership (Names oj)
Phyllis V Thomas *
Opening Date
07/13/83
Balance on Date of Death
$48,045.44
Accrued Interest
$ 25.12
Total
$48,070.56
Interest Paid YTD
$ 757.87 (Accrued interest is not included)
5.
Type of Account
Certificate of Deposit
Account Number
031003914455439
Ownership (Names oj)
Phyllis V Thomas *
Opening Date
04/01/94
Balance on Date of Death
$15,000.00
Accrued Interest
$ 20.51
Total
$15,020.51
Interest Paid YTD
$ 181.22 (Accrued interest is not included)
Please be advised, there was no safe deposit box found for the above decedent. * For further account informa ion,
regarding ownership, closures and/or reimbursement of funds, etc., please call the High Street Carlisle Office # ] 7-
240-4536.
Sincerely,
/)/,~~ 4/ -< ,./</....
'. .( <<::'"'-;7./ c'V cc;1-C'rv
.. / I
' ../
Nancy Clagett
Records Management
.
. ...
~
ESTATE OF
SOCIAL SECURITY #:
DATE OF DEATH:
Sovereign Bank
Phyllis V. Thomas
174-05-2990
July 23, 2005
Account #: 1675203168 Type:
In the name of: Phyllis V. Thomas
Date of Death Balance:
Int.(YTD) from 1/1/2005 to
Accrued interest to date of death:
Other Info:
CD
$50,000.00
6/30/2005
$84.58
Page 1 of 1
Open date:
4/13/1 99
$612.42
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t-'.k11
o PNCBAN<
September 15, 2005
Roger B. Irwin
West Pomfret Professional Building
60 West Pomfret Street
Carlisle, PA 17013-3222
RE: Estate of Phyllis V. Thomas, deceased
SSN: 174-05-2990
000: 7/23/2005
Dear Mr. Irwin:
In response to your request for Date of Death balances for the customer noted above, our
records show the following:
Certificates of Deposit
Account #31600204547
Established 12/11/2000
PHYLLIS V THOMAS
DOD balance: $50,000.00 + $69.99 accrued interest
Interest Paid 1/1/2005 -7/23/2005 - $1,14 J .02
Account #31100220461
Established 09/25/2001
PHYLLIS V THOMAS
DOD balance: $13,893.97 + $28.38 accrued interest
Interest Paid 1/1/2005 -7/2312005 - $222.03
Account #31900245998
Established 08/28/2004
PINLLIS V THOMAS
DOD balance: $40,000.00 + $64.11 accrued interest
Interest Paid 1/1/2005 -7/23/2005 - $448.75
Checking Account
Account #5140397436
Established 02/0 I /1978
PHYLLIS V THOMAS
DOD balance: $34,754.79 + $.57 accrued interest
Interest Paid 1/1/2005 -7123/2005 - $32.61
Page I of2
rl'1\....Dt"1'....Y\..
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1-'.1d2
Savings Account
Account #5003904374
Established 07/18/2002
PHYLLIS V THOMAS
DOD balance: $42,265.86 + $9.62 accrued interest
Interest Paid 1/1/2005 - 7/23/2005 - $533.13
I was unable to locate a safe deposit box for the decedent.
Please note that this office only provides date of death balances for deposit accounts
(IRAs, CDs, Checking and Savings accounts). We do not process any financial
transactions or provide statements. If you need assistance with any of these items,
please call1-888-PNC-BANK (1-888-762-2265) or stop by your local PNC Bank branch
office.
~ tMh-
Rachelle Wells
1-800-762-1775
P7 -PFSC-04-F
500 first Ave.
Pittsburgh P A 15219
Page 2 of2
Member FDIC
Reference ID: 1312317
Wachovia Bank N.A.
Balance Confirmation Services
POBox 40028
Roanoke, VA 24022-7313
J~~ltUWII
LAUe; f 0 2005
August 8, 2005
}}{ \V1N &. )\t1cKl'H J1-11
IRWIN & MCKNIGHT
60 WEST POMFRET STREET
CARLISLE, PA 17013-3222
SUBJECT: Verification / Confirmation of Account and Balance Information provided for:
Customer: PHYLLIS V THOMAS (SSN# 174-05-2990)
Date of Death: July 23, 2005
Deposit Account Information
Account
Type
Account
Number
Date of Death
Balance
Average
Balance"
Date
Opened
Maturity Interest Accrued 'TD Date
Date Rate Interest Inte est Paid Closed
CERTIFICATE OF DEPOSIT 247412050818977
LEGAL TITLE: PHYLLIS V THOMAS
$50,000.00
8/21/1999 4/21/2007
3.05
$16.71
$ 62.07
CERTIFICATE OF DEPOSIT 247412061042697
LEGAL TITLE: IRWIN, MCKNIGHT & HUGHES TRUSTEE
PHYLLIS V THOMAS
CLOSING BALANCE: $100000.00
2/4/2000
2/4/2005
" Due to system limitations, we can only provide a twelve month average balance on depository accounts.
No Safe Deposit Box found for customer.
" Date of death balance does not include accrued interest.
" If date of death occurrs on a weekend or a holiday, date of death balance does not include any transactions that we e
made during that time period.
( {{/lrU~lC~':,1lL1 [(10
JJennlfer Straub
I. Servicenter Associate
Phone: (540)563-7323
ssp; js
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HoIIinS2er Funeral Home & Crematory, Inc.
Eric L. HolIins;?er. Supervisor
August L 2005
Phyllis V Thomas
226 Peach Glen Road
Gardners, PA 17324-
The Funeral Service for Phyllis V Thomas
We sincerely appreciate the confidence you have placed in us and will continue to assist you in every way \ 'e can. Please
feel free to contact us if you have any questions in regard to this statement.
THE FOLLOWING IS AN ITEMIZED STATEMENT OF THE SERVICES. FACILITIES. AUTOMOTIVE EQUIPMENT.
AND MERCHANDISE THAT YOU SELECTED WHEN MAKING THE FUNERAL ARRANGEMENTS.
l. Professional Services
Funeral Director & Staff
3620,00
FUNERAL HOME SERVICE CHARGES
SELECTED MERCHANDISE:
Casket. . . . . . . . .
Vault . . . . . . . . .
3620.00
2290.00
875.00
THE COST OF OUR SERVICES, EQlJlPMENT, AND MERCHANDISE
THAT YOU HA VE SELECTED . . . . . . . . . . . . .
6785.00
Cash Advances
Cemetery Charges. .
Newspaper NoLil:t:. .
Ccmctcry Equipment.
Ccrtitied Copies .
Clergy Honorarium
Flowers. . . .
Eng,raving Slone .
TOT AL CASH ADVANCES AND SPECIA.L CHARGES.
600.00
28.00
200.00
72.00
100.00
130.00
95.00
1225.00
Total
Total Cost .
TOTAL AMOUNT DUE
8010.00
80 I 0.00
SOL NORTH BALTIMORE AVENUE. MOUNT HOLLY SPRINGS. PENNSYLVANIA 17065 · (717) 486-3433. FAX (71 486-3215
www.hollin\;!erfuneraIhon~e.com