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HomeMy WebLinkAbout06-21-06 (2) OFFICIAL USE ONLY REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT REV -1500 EX + (6-00) CAPB HpRL EplO CRAC KOTK ES C P o 0 R N R 0 E E S N T FILE NUMBER 21-05-0984 o E C E o E N T COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Martin Thelma L. DATE OF DEATH (MM-DD-YEAR) 200-22-5221 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE COUNTY CODE YEAR NUMBER SOCIAL SECURITY NUMBER DATE OF BIRTH (MM-DD- YEAR) REGISTER OF WILLS SOCIAL SECURITY NUMBER 3. date of death . Remainder Return prior to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes X 6. Decedent Died Testate 2. Supplemental Return 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a LIving Trust 0 (Attach copy of Will) (Attach copy of Trust) o 9. litigation Proceeds Received 010. Spousal Poverty Credit 0 11. Election to tax under Sec. 9113(A) (date of death between 12-31-91 and 1-1-95) (Attach Sch 0) NAME COMPLETE MAILING ADDRESS Robert C. Schollaert Es . FIRM NAME (If Applicable) Black and Davison TELEPHONE NUMBER 82 West Queen Street Chambersburg, PA 17201 R E C A P I T U L A T I o N 64-5194 Real Estate (Schedule A) (1) 227,000.00 Stocks and Bonds (Schedule B) (2) None Closely Held Corporation, Partnership or (3) None Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) (4) None 5. Cash, Bank Deposits & Miscellaneous Personal Property (5) 68,614.22 (Schedule E) 6. Jointly Owned Property (Schedule F) (6) None o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) 26,390.03 (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) (8) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 40,461.46 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 67 , 915 . 55 11. Total Deductions (total Lines 9 & 10) (11) 12. Net Value of Estate (Line 8 minus Line 11) (12) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been (13) made (Schedule J) 14. Net Value Sub"ec:t to Tax (Line 12 minus Line 13) (14) 213,627.24 OFFIOf;q USE ONLY 'c. :) \_,i; ~., . ""'-~-' ~,.=") i-~'-I -q ,~') :. 1'1 c..) o 322,004.25 108,377.01 213,627.24 C o M P T U A T X A T I o N SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, ortransfers under Sec. 9116(a)( 1.2) 16. Amount of Line 14 taxable at lineal rate 213,627 . 24 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 20. X x X X X .0 0 .0 45 .12 .15 (15) (16) (17) (18) (19) 0.00 9,613.23 0.00 0.00 9,613.23 Copyright (c) 2000 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6-00) C"./ 1 Decedent's Complete Address: STREET ADDRESS 711 Brenton Street CITY I STATE I ZIP Shippensburg PA 17257 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 9,613.23 0.00 Total Credits ( A + B + C) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty ( 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 than 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 S + SA. This is the BALANCE DUE. (SB) Make Check Payable to: REGISTER OF WILLS, AGENT m!:miHii,:::::~,t:~~~~::~~~~~W\;A~::~:~t~~WI:~~:::~J~:~~~~:::;W:~':;~~~'I~:~:l~ :,~~'i,i;:::;:::;;..i-m:::HHr 1. 0.00 0.00 9,613.23 0.00 9,613.23 Did decedent make a transfer and: a. retain the use or income of the property transferred; . . . . . . . . . . . . . b. retain the right to designate who shall use the property transferred or its income; . c. retain a reversionary interest; or. . . . . . . . . . . . . . . . . . . . . . . . . . d. receive the promise for life of either payments, benefits or care? . . . . . . . . . 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . W IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. ~)mmmjj: ~ml!l :::n:: ~~~~m HH~ .:.::::::::i;::\:lJJW!lii::mmmlll!ll IN THE APPROPRIATE BLOCKS Yes No ~~ D D ITJ ~ D Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSON R SPONSIBLE FOR FILING RETURN ,/l (j Jay Lightfoot 691 Broad Street ----------------------------------------------------- Chambersbur , PA 17201 Black and Davison 82 West Queen Street - - -Chamber~-b~r- - - -PA-- - i-:ii6i- - - -- - -- - - - - -- - - - - - - -- DATE ~!~OI06 DATE 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. 9116 (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 so""- [72 P.S. 9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requjr"~ and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. ?f assets 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 you parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 9116 (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 . [72 P.S. 9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood l Copyright (c) 2000 form software only The Lackner Group, Inc. ,~ I" C C [~ f..~\ I( I...~, j! LIt" ~/ ~^ \ ~ ~Oy:\' "'/0.,~ , ) ,\\ \~ t\\\j \0 ~ ... rtcV-1500 EX (Rev. 6-00) ADDITIONAL Personal Representatives Estate of Thelma L. Martin SS# 200-22-5221 10/01/2005 ***************************************************** Under penalties of perjury, the undersigned declare that they have examined this return, including accompanying schedules and statements, and to the best of their knowledge and belief, it is true, correct and complete. ~&--~~ Signature Name Address Line 1 Address Line 2 City, State, Zip Robin Ann Mitchell 455 East King Street Shippensburg, PA 17257 Date ~ ~-b7h REV-15~2 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Thelma L. Martin SS# 200-22-5221 10/01/2005 21-05-0984 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 VALUE AT DATE DESCRIPTION NUMBER OF DEATH 1 Real estate lying and being situate in the Borough of 147,000.00 Shippensburg, Cumberland County, Pennsylvania, and having a street address of 711 Brenton Street, Shippensburg, Pennsylvania, date of death value - as per appraisal SCHEDULE A REAL ESTATE 2 Real estate lying and being situate in the Borough of Shippensburg, Cumberland County, Pennsylvania, and having a street address of 453-455 East King Street, Shippensburg, Pennsylvania - as per agreement of sale 80,000.00 TOTAL (Also enter on line 1, Recapitulation) $ 227,000.00 (If more space is needed, insert additional sheets of the same size) Copyright (e) 1996 form software only CPSystems,lne. Form REV-1502 EX (Rev. 1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Thelma L. Martin , REV-1508EX+(1-97) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY 5511 200 - 22 - 5221 10/01/2005 FILE NUMBER 21-05-0984 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION 1 Cash - in decedent's possession 2 Coins - found in residence 3 Internal Revenue Service - 2005 personal income tax refund 4 M&T Bank checking account #67387411 - date of death value Accrued interest on item 4 to date of death 5 2002 Ford Focus Wagon - date of death value as per Kelley Blue Book VALUE AT DATE OF DEATH 22.00 94.43 363.00 3,636.15 0.56 6,730.00 9,325.00 247.16 1,676.65 476.01 23,011. 25 13,484.00 5,720.00 1,092.00 37.34 67.99 1,055.22 1,575.46 6 2004 Ford Focus Sedan - date of death value as per Kelley Blue Book TOTAL (Also enter on line 5, Recapitulation) $ 68,614.22 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1508 EX (Rev. 1-97) 7 Act II Consignment Shop - proceeds from sale of clothing Act II Consignment Shop - proceeds from sale of clothing Act II Consignment Shop - proceeds from sale of clothing Gateway Gallery Auction - proceeds from sale of personal property Gateway Gallery Auction - proceeds from sale of personal property Personal Property - as per appraisal Social Security Administration - benefit due decedent at time of death 8 9 10 11 12 13 14 State Employees Retirement System - benefit due decedent at time of death 15 Thrift Financial - proceeds due decedent at time of death 16 Wachovia Fund - proceeds due decedent at time of death 17 American Equity Life Insurance Company annuity #108585 - benefit owed decedent at time of death REV-1510 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Thelma L. Martin SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY SSIf 200-22-5221 10/01/2005 FILE NUMBER 21-05-0984 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes. DESCRIPTION OF PROPERTY % OF ITEM RELAW8k~A>I~ t~b~~~5~~ir~J~~~1flt'tEJF t~~~RSFER. DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE NUMBER ATTACH ACOPYOF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) 1 American Equity Investment 26,390.03 100.00% 26,390.03 Life Insurance Company annuity account 1f108585, beneficiary Robin Ann Mitchell - date of death value TOTAL (Also enter on line 7, Recapitulation) $ 26,390.03 (It more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1510 EX (Rev. 1-97) REV -1511 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Thelma L. Martin SS1f 200 - 22 - 5221 10/01/2005 FILE NUMBER 21-05-0984 Debts of decedent must be reported on Schedule I. ITEM NUMBER A. B. AMOUNT DESCRIPTION 1 FUNERAL EXPENSES: Foge1sanger-Bricker Funeral Home, Inc. - funeral expense 8,139.00 2 Jay Lightfoot - reimbursement for grave opening 400.00 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Jay Lightfoot Social Security Number(s) / EIN Number of Personal Representative(s) 204 - 26 - 9570 Street Address 691 Broad Street City Chambersburg State PA Zip 17201 5,934.21 Year(s) Commission Paid: 2006 2. 3. Attorney's Fees Black and Davison Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 12,618.42 City Relationship of Claimant to Decedent State Zip 4. Probate Fees Register of Wills of Cumberland County 15.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. 1 Other Administrative Costs Ausherman Brothers Real Estate - appraisal fee on 711 Brenton Street, Shippensburg, PA 275.00 2 Ausherman Brothers Real Estate - appraisal fee on 453-455 East King Street, Shippensburg, PA 450.00 3 Gateway Gallery Auction - auctioneer's fee on sale of personal property 4,602.25 4 Gateway Gallery Auction - packing for sale of personal property 2,235.00 5 Gateway Gallery Auction - auctioneer's fee on sale of personal 2,696.80 Total of Continuation Schedule(s) 3,095.78 TOTAL (Also enter on line 9, Recapitulation) $ 40 ,461 .46 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1511 EX (Rev. 1-97) Estate of: Thelma L. Martin Soc Sec #: 200-22-5221 Date of Death: 10/01/2005 Item # Continuation of Schedule H-B7 (Other Administrative Costs) Description Amount property 6 Gateway Gallery Auction - packing and organizing for sale of personal property 472.50 7 John F. Kohler, Jr. - appraisal 85.00 8 M&T estate checking account #9840560974 - check charge 9.12 9 Terry L. Shetter - dumpster usage and trash removal from 711 Brenton Street, Shippensburg, PA 750.00 10 The Sentinel - legal notice 208.00 11 Black and Davison - administration expenses advanced 471.16 12 Black and Davison - reserve for closing costs 300.00 13 Cumberland County Recorder of Deeds - transfer tax on sale of 453-455 King Street, Shippensburg, PA 17257, to Rasmussen 800.00 3,095.78 , REV-1S12 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCETAX RETURN RESIDENT DECEDENT ESTATE OF Thelma L. Martin SCHEDULE I DEBTS OF DECEDENT, MORTGAGE liABiliTIES, AND liENS SSi! 200 - 22 - 5221 10/01/2005 FILE NUMBER 21-05-0984 Include unreimbursed medical expenses. ITEM NUMBER I 1 Borough Street, DESCRIPTION of Shippensburg - final utilities due on 711 Brenton Shippensburg, PA AMOUNT 125.11 2 Cumberland Valley Medical Services - debt of decedent 110.00 3 Diamond Pharmacy Service - debt of decedent 218.19 4 First Commonwealth Bank - installment loan account #9812-006163 date of death balance 5,152.38 5 M&T Bank Home Equity Loan account #1403510 on 711 Brenton Street, Shippensburg, Pennsylvania - date of death balance 53,767.83 6 M&T Bank checking account #67387411 - checks written prior to death but presented for payment after death 4,207.42 7 Penelec account #100011571229 - debt of decedent 90.00 8 Rickart Collection Systems, Inc. - Chambersburg Imaging Assoc. account #H230446961/091205 - debt of decedent 54.00 9 Shippensburg Health Care Center - debt of decedent 4,150.00 10 Sunoco credit account #5012-9132036 - debt of decedent 40.62 TOTAL (Also enter on line 10, Recapitulation) $ 67 , 915.55 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1512 EX (Rev. 1-97) REV-1S13 EX + (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIAR IES ESTATE OF Thelma L. Martin SS# 200-22-5221 10/01/2005 FILE NUMBER 21-05-0984 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE Do Not List Trustee(s) OF ESTATE 1 NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 91 16(a)(1.2)] Robin Ann Mitchell 455 East King Street Shippensburg, PA 17257 Daughter 100% of residuary estate NUMBER I. ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18, AS APPROPRIATE, ON REV 1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- 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) Copyright (c) 2000 form software only The Lackner Group, Inc. 0.00 Form REV-1513 EX (Rev. 9-00) II " LAST WILL AND TESTAMENT I, Thelma L. Martin, of 711 Brenton Street, Shippensburg, Cumberland County, Pennsylvania, revoke all my prior wills and declare this to be my Last Will and Testament. 1. I direct the expenses of my last illness, funeral and burial shall be paid from my estate as soon as practicable after my death. 2, I give the residue of my estate to my daughter, Robin Ann Mitchell, provided she survives me by thirty (30) days. 3. In the event my daughter, Robin Ann Mitchell should predecease me or if we should die in a common disaster, then in either ofthose said events, I give, devise and bequeath all of my property to my sister, Violet Helm, my brother, Jay Lightfoot and my sister, Jane Cline, in equal shares. In the event that my brother or either of my sisters shall predecease me, I direct that their share shall lapse and be added to the shares of my surviving brother and sisters. 4. I nominate, constitute and appoint my daughter, Robin Ann Mitchell and my brother Jay r,) ...., , Lightfoot, as Co-Executors of this my Last Will and Testament. I direct that no Executor or Executrix named, nominated or appointed hereunder shall be required to post bo~<i) or give any security of any type for any purpose whatsoever, any law or rule of court of the Com!TI,onwealthof Pennsylvania or any other jurisdiction to the contrary notwithstanding. r. , \ \ II .. ... IN WITNESS WHEREOF, I have hereunto set my hand and affixed my seal the ~3'raay of ~N "'-4 ry , 200 l. . -:j/~L ;;L AI ~ Thelma L. Martin Signed, sealed, published and declared as and for her Last Will and Testament by Thelma L. Martin, the above-named Testatrix, in the sight and presence of us, who at her request and in the sight and presence of her and each other, have hereunto subscribed our names as witnesses on the day and year last above written. ~~-R~~ ~ j ~c/l.~ -2- ... COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF FRANKLIN I, Thelma L. Martin, Testatrix whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will and Testament; and that I signed it willingly and as my free and voluntary act for the purposes therein expressed. Sworn to or affirmed and acknowledged before me by Thelma L. Martin, the Testatrix, this ,-J ~ day of Ja.,vtLa.ry ,2001. _1/tL .Y ~ /uZ ~, Testatrix ' ~A.~ NOtary Notarial Seal lynann M. Funk, Notary Public Chambersburg Bora, Franklin County My Commission Expires Feb. 29, 2004 ~~8mber, P"nr'>'I".'i'I(1lfl Agsocia1iOn of Notanes -3- I' ., COMMONWEAL TH OF PENNSYL VANIA ss COUNTY OF FRANKLIN We, Jo)L c~ (f. fhJ~Y ando1<J6t'r t- C. J;h~~rl,thewitnesscswhose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw the Testatrix sign and execute the inst1li1ment as her Last Will and Testament; and that the Testatrix signed willingly and executed it as ~er free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the Testatrix signed the will as a witness; and that to the best of our knowledge the Testatrix was at that time eighteen (18) or more years of age, of sound mind and under no constraint or undue influence. Sworn to or affirmed and subscribed to before me by -:t)L (e. (( rr; j by and , r/' 0(0 b f'r t- ( fclv//ut>i'f, witnesses, this ~_ day of Uu^'" 1tr1/ , 2001. ~5i\~~~~~ WIt s ~ L.4/#./--13 Witness ~~~~.,~, Notary I . Notarial Seal ! -. Lynann M, Funk, Notary Public i Lhambersburg Boro, Franklin County L:~y Commissio'n Expires Feb. 29, 2004 ;J """"", "'"r"""!"".,l."a '\.ssOC::>llon 01 I\lotanes -4- .; File No. County Cumberland $tale-.E?__ Zip Code 17257-2115 APPRAISAL AND REPORT IDENTIFICATION This appraisal conforms tOQn~ of the following definitions: Complete Appraisal (The act or process of estimating value, or an opinion of value, performed without invoking the Departure Rule.) Limited Appraisal (The act or process of estimating value, or an opinion of value, performed under and resulting from invoking the Departure Rule.) This report is one of the following types: Self Contained (A written report prepared under Standards Rule 2-2(a) of a Complete or Limited Appraisal performed under STANDARD 1.) X Summary (A written report prepared under Standards Rule 2-2(b) of a Complete or Limited Appraisal performed under STANDARD 1.) Restricted (A written report prepared under Standards Rule 2-2(c) of a Complete or Limited Appraisal performed under STANDARD 1 for client use only.) Comments on Standards Rule 2-3 I certify that, to the best of my knowledge and belief: The statements of fact contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions and conclusions. I have no (or the specified) present or prospective interest in the property that is the subject of this report, and no (or the specified) personal interest with respect to the parties involved. I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. My engagement in this assignment was not contingent upon developing or reporting predetermined results. My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. My analyses, opinions and conclusions were developed and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice I have (or have not) made a personal inspection of the property that is the subject of this report. Comments on Appraisal and Report Identification Note any departures from Standards Rules 1-2, 1-3, 1-4, plus any USPAP-related issues requiring disclosure: :::::7PPRAISER (only If required): Name: John D. Aush,efD'Jan, SRA Date Signed November 23,2Q05 State Certification #: GA-00014~~_ or State License #: State P A -~--- Expiration Date of Certification or License: 6/30/2007 Signature Name: Da'. J. C Date Signed' No mber 23 2005 State Certifica . #: RL-003677 L or State License # State: PA Expiration Date of Certification or License: 6/30/2007 Did Did Not Inspect Property Ausherman Bros. Real Estate Inc. Form 102 - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE FileNo. _____~~_CltY_;;_hjp~flsbu~____ State Pa Zip Code 17257-2115 __. ___~____ County Cumberland __~_____Tax YeaL 2005__RLJaxes $ 1 ,200.00 Soecial Assessments Current Owner Estate of Thelma L Martin Occu ant: :. Owner Tenant Leasehold Pro'ect T e PUD Condominium HUD A onl HOA $ N/A Map Reference 32-33-1871-014 Census Tract 0132.00 Descri lion and $ amount of loan charaes/concessions to be oaidlJy seller N/a Address Address 229 North Second Street Chambersbur PA 17201 Predominant Single family housing Present land use % PRICE AGE . occupancy $(000) (yrs) One family 70 Owner 95 85 10 2-4 family Tenant 5 225 100 Multi-family ____ To: Vacanl (0-5%) Commercial Vacant llUoJllvllrlU/1 LJIUJ, lI1,JUI l-..HUlv 1111.1. UNIFORM RESIDENTIAL APPRAISAL REPORT 711 Brenton St Rural Under 25% Slow Declining n lOver supply Over 6 mos. 30 0.00 Vacant Mo. Land use change Not likely ! . Likely In process Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time -- such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): Overall market conditions in the area have remained steady. Overall supply and demand appears to be in balance at resent Current marketin time in the area is approx 120 days. It is common for sellE;rs to assist b!Jyers with c10sinq costs. Project Information for PUDs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? Yes Approximate total number of units in the subject project N/A Approximate total number of units for sale in the subject project Describe common elements and recreational facilities: Dimensions no plat provided -1 Topography slo in to the rear Site area 0.38 ac Corner Lot . Yes rx No Size Tical Specific zoning classification and description Residential I Shape no lat rovided Zoning compliance Legal Legal nonconforming (Grandfathered use)! Illegal i No zoning I Drainage ade uate Hi hesl & best use as im roved: i Present use . Other use ex lain I View Averag~_ Utilities Public Other Off-site Improvements Type Public Private i Landscaping averaqe Electricity Street Asphalt _ _ ___ Driveway Surface Asphalt Gas Curb/gutter Concrete Apparent easements None observed Water Sidewalk Concrete FEMA Special Flood Hazard Area --- Yes ~ No Sanitary sewer Street lights Yes FEMA Zone C Map Date 3/15/1979 Storm sewer Aile None FEMA M3!l No. 4203680001A Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): easements or encroachments were observed. EXTERIOR DESCRIPTION I Foundation Block no no full no no BASEMENT ___ Area Sq. Ft 1 ,189 % Finished 70 Ceiling plastE?! Walls anel Floor ww Outside Entry no Den 1 # Baths Laund~Other 3 . -I __~ 6 Rooms' I HEATING I Type ! Fuel I Condition av COOLING Central no Other N/a Condition Additional features (special energy efficient items, etc.): -t Finished area above rade contains: INTERIOR Materials/Condition - Floors Cpt,vin/avq Walls plaster/pnl/ avq Trim/Finish wood/av Bath Floor ww/av Bath Wainscot tile/ av Doors Hollc/av 1 Bath s . 1 189 AMENITIES Fireplace(s) # None Patio None Deck none Porch por/e. por Fence None Pool none Condition of the improvements, depreciation (physical, functional. and external), repairs needed, quality of construction, remodeling/additions, etc. or locational obsolescencelNere noted by the appraiser Appraiser noted no deferred I1}~Lnt~nance No N/A No adverse I INSULATION Roof Ceiling Walls Floor None _~_ Unknown X Area S . Ft. 1 189 1 189 S uare Feet of Gross Livin Area I CAR STORAGE: none I None ; Garage # of cars Attached Detached Built-In Carport Drivewa 2. No functional Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc) present in the improvements, on the site, or in the immediate vicinity of the subject property.: No adverse environmental conditions were observed on the subiegtpro ert or within the nei hborhood. Freddie Mac Form 70 6/93 PAGE 1 OF 2 Form UA2 - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE Fannie Mae Form 1004 6/93 Valuation Section ESTIMATED SITE VALUE ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: Dwelling ... 1 ,189 Sq. Ft. @$ = $ _~Sq. Ft. @$ UNIFORM RESIDENTIAL APPRAISAL REPORT $ FileNo. Comments on Cost Approach (such as, source of cost estimate, site value, square foot calculation and for HUD, VA and FmHA, the estimated remaining economic life of the property): =$ =$ =$ Functional = $ External COMPARABLE NO.2 9807 Possum Hollow Road Shi ensburg. 1.00 miles DESCRIPTION Conv. None 9/15/2005 Average Fee Sim Ie 0.33 ac + ( - )$ Adjust. DESCRIPTION Conv. Seller Sub. 10/31/2005 A vera e Fee Simple 0.39 av ranch Brk/almn/ av 31 ood Total Bdrms' Baths 6 3 1 1 ,232 Sq. Ft. + - $ Must. DESCRIPTION Conv. Seller Sub 6/202005 Avera e Fee Sim Ie 0.21 ac av ranch brk/ almn./av 45 -5 000 av + - $ Must. -3 500 -2 200 av FHA! Cac -3000 Sw/Sd 2 car -5 000 fla. room/ e.patio 1 FP ____~_._________=_UlOO full part. fin. av rad/ none Sw/Sd 1 car ar deck/pors. 1 FP Total Bdrms' Baths 6 3 1 -1,075 .1,312 S . Ft. . full art. fin. -3 075 -3,000 -6 025 -3 000 -2 500 -2 500 -2,000 none .JM15 _ 14075 10775 146 325 146 125 ical distances SUBJECT no previous COMPARABLE NO.1 no previous COMPARABLE NO.2 COMPARABLE NO.3 no prev no prevo INDICATED VALUE BY SALES COMPARISON APPROACH $ 147 000 INDICATED VALUE BY INCOME APPROACH if A Iicable Estimated Market Rent $ N/A Mo. x Gross Rent Multi lier N/A This appraisal is made subject to the repairs, alterations, inspections or conditions listed below I subject to completion per plans & specifications. Conditions of Appraisal: Refer to the attached limitinQ conditions. Did Did Not Inspect Property State P A State Fannie Mae Form 1004 6-93 Building Sketch (Page - 1) Borrower/Client Estate of Thelma L. Martin --- - Property Address 711 Brenton St ~i1Y Shippensburq CQuntv Cumberland - State Pa Zip Code 17257-2115 Lender Aooraisal For Valution Purooses. E.par ~ ~ E. par 1 sty! bsmt ~ (j) N 13.0' Slab 22.0' L() CD Sketch by Apex IV"" Form SKlBldSkl - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map County _Cumberlanc;.L____~__~~ra Zip Code 17257-2115 g~ ;! \e"b I~ ,'rA'?J. '\6L1:> . ':.:(:i ,,/ f Gep\1a~.\"Rd ,0 'rJ0 .f ',:J \ Mddle Spnng OJ a: ~I :;u IT " Mapp;iWr ~>~ ./ /f ~ " ~ II j /; ~ ~~ ~\ ~ 29 o.l'1> ::to ~~ LV ~-".,... ~ ~ 't\ .- ~~oo " ..fJ:eZ9? ~J ro;l 1 Form MAP.LOC - "TOTAL for Windows" appraisal software by a la mode. inc. - 1-800-ALAMODE Subject Photo Page Cumberland State Pa Zi Code 17257-2115 Subject Front 711 Brenton St Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Form PICPIX.SR - "TOTAL for Windows. appraisal software by a fa mode, inc. - 1-800-ALAMODE N/A 1,189 6 3 1 Average Average 0.38 ac brkNinyll avg 45 Subject Rear Subject Street DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (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 associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable 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 terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. 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 title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property 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 the 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 (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in pertorming the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, pUblic relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004B 6.93 Ausherman Bros. Real Estate Inc. Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1.800-ALAMODE APPRAISER'S 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 and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject 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 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 prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the 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 the vicinity of the subject property. 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 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 related 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 tor performing the appraisal. I did not base the appraisal report on a requested minimum valuation, 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 adopted 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 reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. 1 have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them 1 have also commented 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 the appraisal report, I have named such individual(s) and disclosed the specific tasks pertormed by them in the reconciliation section of this 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 any 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 she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. 711 Brenton St, Shippen~burQ, Pa 17257-2115 SUPERVISORY APPRAISER (only if required): Signature: t2- Name: John D. Ausherman, SRA Date Signed: November 23, 2005 State Certification #: GA-000148-L or State License #: State: . PA Expiration Date of Certification or License: 6/30/2007 APPRAI 6/30/2007 I Did Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93 Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE AGREEMENT OF SALE THIS AGREEMENT made this5~ day of , 2006, BETWEEN ROBIN ANN MITCHELL and JAY LIGHTFOOT, Co- x cutors of the Estate of Thelma L. Martin, Deceased, hereinafter referred to as "SELLER", AND BRAD A. RASMUSSEN and KIRA L. RASMUSSEN, husband and wife, of 1336 Baltimore Road, Shippensburg, Pennsylvania 17257, hereinafter referred to as "BUYER", WITNESSETH: 1. Seller hereby agrees to sell and convey to Buyer, who hereby agrees to purchase ALL THAT CERT AI N real estate situate at 453-455 East King Street, Shippensburg, Cumberland County, Pennsylvania, and more fully described in a deed recorded at Cumberland County Deed Book Volume 29N, Page 530, for the sum of eighty thousand ($80,000.00) dollars, which shall be paid to the Seller by the Buyer as follows: Cash at the signing of this Agreement: Cash at settlement: $ $ $ 1,000.00 79,000.00 TOTAL: 80,000.00 2. Settlement shall be made on or before June 30, 2006 and at the law offices of Black and Davison, 82 West Queen Street, Chambersburg, Pennsylvania. The said time for settlement and all other times referred to for the performance of any of the obligations of this Agreement are hereby agreed to be of the essence of this Agreement. 3. The premises are to be conveyed free and clear of all liens, encumbrances and easements, EXCEPTING HOWEVER, the following: Existing building restrictions, ordinances, easements of roads, privileges or rights of public service companies, if any; or easements or restrictions visible upon the ground. Otherwise the title to the above- described real estate shall be good and marketable or such as will be insured by any reputable Title Insurance Company at the regular rates. 4. Possession is to be delivered by fiduciary warranty deed, keys and physical possession of 455 East King Street and landlord's possession of 453 East King Street at day and time of settlement. Seller will remove all items from the garage and 455 East King Street. The current tenant at 453 East King Street is on a month-to-month basis and Buyer may establish a new rent for the tenant after proper notice. 5. The current year's real estate taxes shall be prorated to the date of settlement on the basis of the fiscal year for each taxing body. 6. The Pennsylvania Realty Transfer Tax of one (1 %) percent of the consideration shall be paid by the Buyer, and the one (1 %) percent Local Realty Transfer Tax shall be paid by the Seller. 7. All plumbing, heating and lighting fixtures and systems appurtenant thereto, and forming a part thereof, as well as all other permanent fixtures, together with screens, storm sash and/or doors, shades, awnings, venetian blinds, valances, curtain rods or traverse rods, radiator covers, garage door openers and transmitters, and all trees, shrubbery and plantings now in or on the property, unless specifically excepted in this Agreement, are to be become the property of the Buyer and are included in the purchase price. None of the above-mentioned items shall be removed by Seller from the premises . after the date of this Agreement. 8. Seller shall bear the risk of loss from fire or other casualties until time of settlement. In the event of damage to any property included in this sale by fire or other casualty, not repaired or replaced prior to settlement, Buyer shall have the option of rescinding this Agreement and receiving all moneys paid as a down payment or of accepting the property in its then condition, together with the proceeds of any insurance recovery obtainable by Seller. 9. Seller shall maintain the property and any personal property specifically scheduled herein in its present condition, normal wear and tear excepted. 10. It is understood that Buyer has inspected the property and that they have agreed to purchase it as a result of such inspection and not because of or in reliance upon any representation made by Seller or by any agent of Seller and that they have agreed to purchase it in its present condition unless otherwise specified herein. 11. Buyer acknowledges that they have received the Lead-Based Paint Disclosures required by the U.S. Department of Housing and Urban Development and the U.S. Environmental Protection Agency, and Buyer also acknowledges that they have received the EPA-Approved Lead Hazard Information Pamphlet. 12. Buyer acknowledges that he is purchasing the property from an estate and, accordingly, under the Pennsylvania Real Estate Seller Disclosure Act, the Buyer will not receive a Seller's Property Disclosure Statement. 13. This Agreement is conditioned and contingent upon the following: A. Buyer obtaining a mortgage commitment from a Lender of Buyer's choice, in the amount of sixty-four thousand ($64,000.00) dollars at market rates on or before June 30, 2006, and providing Seller with a written copy of said commitment on or before said date. In the event Buyer fails to provide Seller with a copy of Buyer's mortgage commitment on or before June 30,2006, this Agreement shall be null and void, the Buyer's one thousand ($1,000.00) dollar deposit shall be refunded to Buyer, and the Seller shall be free to sell the property to another party. 2 14. Should Buyer fail to make any additional payments as specified in paragraph 1 or violate or fail to fulfill and periorm any other terms or conditions of this Agreement, then in such case Seller shall have the option of retaining all deposit moneys and other sums paid by Buyer on account of purchase price, whether required by this Agreement or not on account of purchase price, or as moneys to be applied to Seller's damages, or as liquidated damages for such breach, as Seller may elect. In the event of liquidated damages, Buyer and Seller shall be released from further liability or obligation and this Agreement shall be null and void. 15. This Agreement shall be binding upon the respective heirs, executors, administrators, successors and, to the extent assignable, on the assigns of the parties hereto, it being expressly understood, however, that the Buyer shall not transfer or assign this Agreement. This Agreement is to be construed and interpreted in accordance with the laws of the Commonwealth of Pennsylvania. IN WITNESS WHEREOF, the parties have hereunto set their hands and affixed their seals the day and year first above written. WITNESS:/j Zl ( , / ! ~~ /'L- f ) /2 1/ /~/ / / I I {/ ~.;'4~ Robin Ann Mitchell (S EA L) 1~ / CLf . ~EAL) Jfy Lightfoot Co-Executors of the Estate of Thelma L. Martin, Deceased "SELLER" ~ ~~. (SEAL) rad A. Rasmussen , /1/ ~ ~/~(SEAL) K a L. aSfhus.sen \ (' t' "BUYER" 3 'J John F. Kohler, Jr., Auctioneer/Appraiser November 23, 2005 Black & Davison Attn: Attorney Robert Schollaert 82 West Queen Street Chambersburg, P A 17201 Re: Estate of Thelma Martin Dear Attorney Schollaert: Attached is the appraisal of the items specified from the Estate of Thelma Martin. This appraisal was completed at 711 Brenton Street, Shippensburg, P A on November 17,2005. After review of conditions, my opinion of the fair market value is as follows: Five Thousand Seven Hundred Twenty Dollars ($5,720.00) Fair market value is the value that property is anticipated to bring in an open market, I.E. auction. In preparation of this appraisal, I have not examined the title to, encumbrance on, or ownership of the property. Sincerely, ~ cT t2~ John F. Kohler, Jr. Auctioneer/Appraiser JFK:hrk Attachments 643 Kriner Road + Chambersburg, Pennsylvania 17201 + Phone (717) 263-6512 + Fax (717) 263-0188 www.gatewayauction.com + email bid@.gatewayauction.com APPRAISAL OF PERSONAL PROPERTY from THELMA MARTIN ESTATE 711 BRENTON STREET SHIPPENSBURG, PA 17257 '()~~, ~\ VALUATION DATE: November 17,2005 Clu~! ~~12A. ITEM. ...... .................. .......................... ................... ............. APPRAISED VALUE SITTING ROOM Decorated Deacons Bench (6 ft w Ib lack paint) .............................................. 375.00 Overstuffed Living Room Chair ............. ....... ....... ..... ..................... .... ...... .... ....45 .00 Small Decorative Carousels or Carousel Animals (10) @ 10.00 each ...........1 00.00 Large Carousel (2) @ 50.00 each ...................................................................100.00 Uniden Scanner................................................................................................. 25.00 Cherry Hutch w/Comer Open Adjustable Piece w/(2) Large Glass Doors over (2) Small Glass Doors.. .... ... ....... ...... ...... ........ ...... ....... .... ...... .......... ...225 .00 Set of Brass Graduated Sleigh Bells (29) Bells ..............................................225.00 Heinz Clock.................................................................................................... ..45 .00 KITCHEN Almond Whirlpool Refrigerator....................................................................... 95 .00 Microwave.......................................................................................................... 5 .00 Brass Wall Lamp w/Painted Floral Shade ........................................................65.00 Tempus Fugit Grandmothers Clock....... ....... ......... ...... ....... ..... ..... ...... .......... ..250.00 Maple Dinette Table & (4) Padded Seat Chairs.. .......... ................. .................. 65.00 LIVING ROOM Encyclopedia Set ....... ....... ....... ...... ............ ....... ...................... ............ ....... No Value Matching Modem Maple Comer Cupboard w/(2) cathedral Styled Doors over (2) Blind Doors (2) @ 185.00 each ...................................................370.00 Mahogany Kneehole Desk & Windsor Chair ................................................... 95.00 Modem Three Shelf Glass Door Bookcase ......................................................65.00 ~_r;; ~~ ((((7(ar ~/~ Thelma Martin Estate. page 2 Doughtray on Legs (redone w/add on legs)....................................................110.00 Plank Seated Childs Rocker..... .......... .............. ...... .......................... ......... ........80.00 Painted Black Child' s Rocker........ ....... ............ .............. ..... ....... ...................... 40.00 BEDROOM Dirt Devil Upright Vacuum............................................................ .................. 3 5 .00 Heywood Wakefield Cherry Finish Bedroom Suite (Chest; High Chest; Bed; Dresser & Night Stand) ...................................850.00 Waterfall Cedar Chest....................................................................................... 85.00 THIRD BEDROOM Cherry Bed, Dresser & High Chest ................................................................350.00 6 Piece Pitcher/Bowl Set w/Gold & Ivory & Ivy LeafMotif.........................375.00 BASEMENT Green Porch Rocker.......................................................................................... 20.00 Two Piece Couch Chair (gold floral)............................................................. .11 0.00 Two Piece Mauve Sofa & Chair .......................................................................65.00 Wicker Rocker.................................................................................................. 65 .00 Love Seat ........... ...... .................... ............. .... ...... .......... ..... ....... ..... ...................65.00 Green Floral Living Room Chair.. ........ ...... ................... .... ....... ........................ 55.00 Recliner............................................................................................................. 35.00 Brown Swivel Rocker ...... .... ....... ...... .... ... ..... .... '" ...... ..... .............. ................. ..45 .00 Assorted Hand Tools, Vise, Several Small Power Tools & Toolboxes .........125.00 May tag Washer & Dryer @ 75.00 each .........................................................150.00 Frigidaire Freezer.............................................................................................. 65 .00 ~ CF (QJJQtf l{ r ( If (I) Thelma Martin Estate,p(l~ OUTSIDE BUILDING Honda Harmony Riding Mower... ...... ...... ........ ........... .... .......... ..... .......... ......450.00 Snapper 522 Snow Blower ................. ..... .................. ... ... .......... ...... ............ ... 275.00 Snapper Ninja Mower (electric) .....................................................................120.00 TOT AL APPRAISED VALUE: $5,720.00 ~~f;( ~~.j (~r\ 7(~) BLACK AND DAVISON Attomeys-at- Law 82 West Queen Street Chambersburg, P A 17201 Robert C. Schollaert (717) 264-5194 Elliott B. Sulcove Jan G. Sulcove Jerrold A. Sulcove Thelma L. Martin, Estate PAGE 1 BILLING DATE: 06/15/06 ACC'T NO.: RCS-17358.01 RE: General DATE 10/19/05 11/1 0/05 11/17/05 02/1 0/06 EXPENSE Cumberland County Register of Wills Cumberland County Law Journal Travel - Schollaert Postage Total of New Expenses: ACCOUNT SUMMARY AMOUNT 360.00 75.00 31.52 4.64 471.16 PREVIOUS BALANCE: NEW SERVICES: NEW EXPENSES: NEW PAYMENTS: TOT. CURRENT PERIOD: CURRENT BALANCE: $0.00 $0.00 $471.16 $0.00 $471.16 $471.16 Please write the above account number on your check and make your check payable to Black and Davison "THANK YOU"