HomeMy WebLinkAbout08-02-06 (2)
R,<I/.1500 EX + (6-00)
COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
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DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
GIBB
DATE OF DEATH (MM-DD.Year)
ELVA
J.
OFFICIAL USE ONL Y
FILE NUMBER
2 1 -0 6 0 4 9 7
cou'Ni"YC'Q5'E ---vEA~ - - ~R- -
SOCIAL SECURITY NUMBER
1 9 1 - 1 8 - 4 5 4 6
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
SOCI!\L SECURITY NUMBER
[J 3. Remainder Return Idateoloeathprrorto 12-13.82)
[J 5. Federal Estate Tax Return Required
___ 8. Total Number of Safe Deposit Boxes
[J 11. Election to tax under Sec. 9113(A) (Mach Sch 01
THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
NAME COMPLETE MAILING ADDRESS
MARCUS A. McKNIGHT III 60 WEST POMFRET STREET
FIRM NAME (If Applicable)
IRWIN & McKNIGHT
TELEPHONE NUMBER
717 249-2353 CARLISLE PA 17013
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0.00 X _(15) 0.00
97,456.10 X .045 (16) 4,385.52
0.00 X .12 (17) 0.00
0.00 X .15 (18) 0.00
(19) 4,385.52
DATE OF BIRTH (MM.DD-Year)
OS/28/2006 12/15/1923
(IF APPLICABLE) SURVIVING SPOUSES NAME (LAST, FIRST, AND MIDDLE INITIAL)
[Xl 1. Original Return
D 4. Limited Estate
[Xl 6. DecedenlDied Testate (AttachcopyolWill)
o 9. Litigation Proceeds Received
o 2. Supplemental Return
o 4a. Future Interest Compromise (dale 01 death a<<er 12-12.82)
o 7. Decedent Maintained a Living T rust (Attach copy 01 Trust)
o 10. Spousal Poverty Credit (dale 01 dea!l1 between 12-31-91 and 1.1-95)
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1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
(1)
(2)
(3)
(4)
(5)
3. Closely Held Corporation, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6. Jointly Owned Property (Schedule F)
o Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L)
B. Total Gross Assets (total Lines 1-7)
(6)
(7)
9. Funeral Expenses & Administrative Costs (Schedule H)
(9)
10. Debts of Deceden~ Mortgage Liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line B minus Line 11)
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15_ Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
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. 0
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
BE SURETO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < <
(8)
(11)
(12)
(13)
(14)
85,000.00
OFFIC1A[:U~SE ONLY
,-,
.\....:'
3,937.13
291,184.27
(.)
C)
~-_.__.j
118,121.40
18,647.59
~~,017.71
20,665.30
97,456.10
97,456.10
Decedent's Complete Address:
STREET ADDRESS
119 FERN AVENUE
CITY
CARLISLE
I STATE
PA
I ZIP 17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
4,385.52
219.28
Total Credits (A + B + C)
(2)
219.28
3. Interest/Penalty if applicable
D. Interest
E. Penalty
TotallnterestlPenalty ( 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 Payable to: REGISTER OF WILLS, AGENT
0.00
0.00
4,166.24
4,166.24
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 [Xl
b. retain the right to designate who shall use the property transferred or its income; ........................................ 0 [Xl
c. retain a reversIOnary interest; or ....................................................................................................... 0 [Xl
d. receive the promise for life of either payments, benefits or care? ............................................................. 0 [Xl
2. If death occurred after December 12,1982, did decedent transfer property within one year of death
without receiving adequate consideration?...:.......................................................................................... 0 00
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ................. 0 00
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ....................................................................................................... 0 [Xl
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
ADDRESS
,R . SJ,,~,-
DAT,~ "'j" f
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(l I ./'
PA 17013
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 PS. 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.
REV-1502 EX + (6-98)
.
SCHEDULE A
REAL ESTATE
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
GIBB ELVA J. 21 06 0497
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 orooertv which is iointlv-owned with riaht of survivorshio must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTION
119 Fern Avenue, North Middleton Township, Carlisle, Pennsylvania
Appraisal Attached
VALUE AT DATE
OF DEATH
85,000.00
TOTAL (Also enter on line 1, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
85000.00
REV-15G8 EX + (6-98)
'*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF
GIBB
FILE NUMBER
ELVA J. 21 06
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.
0497
ITEM
NUMBER
1.
DESCRIPTION
M& T Bank - Checking Account #710369
VALUE AT DATE
OF DEATH
1.686.11
2.
Cornerstone Federal Credit Union - Savings Account #9336-01
26.02
3.
1996 Ford Windstar
2,225.00
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
3.937.13
REV-1509 EX + (6-98)
'*
SCHEDULE F
JOINTLY-OWNED PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
GIBB
FILE NUMBER
ELVA
J.
21
06
0497
If an asset was made joint within one year of the decedent's date of death, it must be reportedl on Schedule G.
SURVIVING JOINT TENANT(S) NAME
ADDRESS
RELATIONSHIP TO DECEDENT
A. Judy Louise Gibb
119 Fern Avenue
Carlisle, PA 17013
Daughter
B Mary Gibb Sheller
131 Fern Avenue
Carlisle, PA 17013
Daughter
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JOINTLY-OWNED PROPERTY:
LETTER DATE DESCRIPTION OF PROPERTY 'Io0F DATE OF DEATH
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECO'S V ALUE OF
NUMBER TENANT JOINT IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. V AlUE OF ASSET INTEREST DECEDENT'S INTEREST
1. A. 09/2002 Cornerstone Federal Credit Union :29,837.81 50. 14,918.91
Certificate Account #9336-11
2. B. 09/2002 Cornerstone Federal Credit Union 28,530.72 50. 14.265.36
Certificate Account #9336-10
TOTAL (Also enter on line 6, Recapitulation) $ 29,184.27
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX+(12-99)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
GISS
ITEM
NUMBER
A.
B.
FILE: NUMBER
ELVA
J.
21
06
0497
Debts of decedent must be reported on Schedule I.
DESCRIPTION
AMOUNT
1.
FUNERAL EXPENSES:
Hoffman-Roth Funeral Home
7,600.30
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City
State
Zip
Year(s) Commission Paid:
2.
3.
Attorney Fees Irwin & McKnight
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant Judy Louise Gibb
Street Address 119 Fern Avenue
6,300.00
3,500.00
City Carlisle
Relationship of Claimant to Decedent Dauqhter
State P A
Zip 17013
4.
Probate Fees Register of Wills
298.00
5.
Accountant's Fees
6.
Tax Return Preparer's Fees Patricia A. Rosendale, CPA
350.00
7.
8.
9.
10.
11.
Register of Wills - Filing Fee
Notary Fees
Cumberland Law Journal - Estate Notice
The Sentinel - Estate Notice
S.W. Barrett Real Estate - Appraisal on Real Estate
30.00
50.00
75.00
144.29
300.00
TOTAL (Also enter on line B, Recapitulation) $
18647.59
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX + (6-98)
'*
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
GIBB
FILE NUMBER
ELVA
J.
21
06
0497
Include unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION
VALUE AT DATE
OF DEATH
1.
PP&L - Electric
127.34
2.
Embarq - Telephone
62.42
3.
North Middleton Township - Water/Sewer
79.90
4.
Robin K. Sollenberger - Real Estate Taxes
898.00
5.
York Waste Disposal - Trash
40.05
5..
United States Treasury - Reimbursement of Social Security for May, 2006
810..00
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
2.017.71
''''.''''~'(.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
GIRR
NUMBER
I.
SCHEDULE J
BENEFICIARIES
ELVA
FILE NUMBER
21 OS
RELATIONSHIP TO DECEDENT
Do Not List Trustee(s)
0497
AMOUNT OR SHARE
OF ESTATE
1/2 Remainder
Real Estate
1/2 Remainder
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
J.
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1.
Judy Louise Gibb
119 Fern Avenue
Carlisle, PA 17013
Lineal
2.
Mary Gibb Sheller
131 Fern Avenue
Carlisle, PA 17013
Lineal
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(If more space is needed, insert additional sheets of the same size)
LAST WILL AND TESTAME1VT
I EL VA J. GIBB, of North Middleton Township, Cumberland County, Pennsylvania,
declare this instrument to be my Last Will and Testament, hereby expressly revoking all \Vills
and Codicils heretofore made by me.
ONE: I direct my Co-Executors to pay all of my debts, funeral and administrative
expenses as soon as may be done conveniently after my decease.
TWO: I specifically give, devise, and bequeath the real estate located at 119 Fern
Avenue, Carlisle, North Middleton Township, Cumberland County, Pennsylvania to JUDY
LOUISE GIBB.
THREE: All the rest, residue and remainder of my estate, I give, devise, and bequeath to
the following:
a. To JUDY LOUISE GIBB. . . . . . . . . . . . . . . . . . . . . . . . .. 50%;
b. To MARY GIBB SHELLER. . . . . . . . . . . . . . . . . . . . . . . .50%.
If one of those named in this paragraph has predeceased me, then the share of said person will be
distributed to the person who survives me.
FOUR: I appoint JUDY LOl'ISE GIBB and MARY GIBB SHELLER, to serve as
Co-Executors of this my Last Will.
FIVE: My Executors may, at their discretion, compromise claims, borrow money,
retain property for such length of time as they may deem proper; lease and sell property for such
prices, on such terms, at public or private sales, as they may deem proper; and invest estate
property and income without restriction to legal investments.
SIX: No Executors acting hereunder shall be required to post bond or enter security in
this or any jurisdiction.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this lOb
day of
November, 1998.
C-L- #" /;j~
EL A J. GIBB
(SEAL)
Signed, sealed, published and declared by EL VA J. GIBB, the above named
Testatrix, as and for her Last Will and Testament, in the presence of us, who, at her request and
in her presence and in the presence of each other have subscribed our names as witnesses hereto.
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ACKi\iOWLEDG;\-IENT AND AFFIDAVIT
WE, EL VA J. GIBB~ CHERYL L. CLELAND and MARTHA L. NOEL, the testatrix
and witnesses respectively, whose names are signed to the foregoing instrument, being first dulv
~ -
sworn, do hereby declare to the undersigned authority that the testatrix 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 each of the witnesses, in the
presence and hearing of the testatrix, signed the Will as a witness and that to the best of their
knowledge the testatrix was, at that time, eighteen years of age or older, of sound mind and under
no constraint or undue influence.
~~ t -{jJ?
VA J. GIBB 1''1 .
~~(~r!Jd
~~;rt~
MA HA L. N lEI,
COMMONWEALTH OF PENNSYLVANIA
SS:
COUNTY OF CUMBERLAND
Subscribed, sworn to and acknowledged before me by EL VA J. GIBB~ the testatrix
herein and subscribed and gom to before me by CHERYL L. CLELAND and MARTHA L.
NOEL, witnesses, this '0 day of November, 1998.
~------------- I
" ;~'~."<:~~:-:-.,,:~.i;f?Jj ?ut)i!C
---- ___~_JL_:__~~~~.~~_~J
s. W. Barrett Real Estate & Appraisal Services
Fie No. 06-0267
APPRAISAL OF
LoeA TED AT:
119 Fern Avenue
Carlisle, PA 17013
FOR:
Irwin & McKnight
60 West Pomfret Street
Carlisle, PA 17013
BORROWER:
Elva J. GIBB (Estate)
AS OF:
May 28, 2006
BY:
Cassandra J. Crockett
Certified Residential Appraiser
S. W. Barrett Real Estate & Appraisal Services
File No. 06-0267
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06/30/2006
Irwin & McKnight
60 West Pomfret Street
Carlisle, PA 17013
File Number: 06-0267
In accordance with your request, I have personally inspected and appraised the real property at:
119 Fern Avenue
Carlisle, PA 17013
The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the estimated market value of the property as of May 28,2006
is:
$85,000
Eighty-Five 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,
/
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Certified Residential Appraiser
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SUMMARY APPRAISAL REPORT
UNIFORM RESIDENTIAL APPRAISAL REPORT
Prooertv Description Ie o. -
Propertv Address 119 Fern Avenue Citv Carlisle State P A Zip Code 17013
Leqal Description See leaal description/tax map County Cumberland
Assessor's Parcel No. 29-17-1585-126 Tax Year 05/06 R.E. Taxes $ 1 ,112.00 Special Assessments $ N/A
Borrower Elva J. GIBB tEstate) Current Owner Elva J. Gibb Occupant: r 1 Owner xl Tenant 11 Vacant
.. Propertv riohts appraised rX 1 Fee Simple 1 Leasehold I Project Type 11 PUD I I Condominium IHUDNA only) HOA$ N/A_~
Neiqhborhood or Project Name North Middleton Twp Map Reference 17-1585 Census Tract 0119.00 --
Sale Price $ N/A Date of Sale N/A Description and $ amount of loan charges/concessions to be paid by seller N/ A --
Lender/Client Irwin & McKnight Address 60 West Pomfret Street, Carlisle, PA 17013 ---
Appraiser Cassandra J. Crockett Address 126 North Hanover Street, Carlisle PA 17013
Location [J Urban ll$J Suburban 0 Rural Predominant Single family housing Present land use % land use change
Built up DOver 75% 00 25-75% 0 Under 25% occupancy PRICE AGE One family 70% o Not likely o Likely
$ (000) (yr')
Growth rate o Rapid 00 Stable o Slow 00 Owner 75 Low New 2-4 family 0% 00 In process
Property values 00 Increasing o Stable o Declining o Tenant 150 Hioh 100 Mu~i-family 0% To: Residential/
Demand/supply o Shortage 00 In balance o CNer supply 00 Vacant(G-5%) Predominant Commercial 10% Commercial
Marketinq time n Under 3 mos. [X1 3-6 mos. n Over 6 mos. n Vacant (over 5%\ 100 I 50 Vacant \ 20%
Note: Race and the racial composition of the neighborhood are not appraisal factors.
Neighborhood boundaries and characteristics: Subject is bounded on the north by Rt.944; on the east bv Wolf's BridQe Road' on the
. south by Carlisle Borough' and on the west bY Waaaoners Gap Road.
.
. Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.):
, Subiect property is located in an expanding area of single family homes between Carlisle and Carlisle Springs, with a mix of
.
.. residential and commercial usaae. Shoppina and other amenities are within walkina or short driving distance. School sy~te~
is Carlisle District and students are bused. SMSA 42-3240. --
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.):
Prooertv values are currently stable with an averaae marketina time of 80-100 days. Economic trends and lendina rates have
remained favorable. Sales concessions occur infreauently. There are new homes under construction in surrounding
developments as well as resales available in the neighborhood.
. Project Information for PUDs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? U YES UNO
Approximate total number of units in the subject project N/A Approximate total number of units for sale in the subject project N/ A
Describe common elements and recreational facilities: N/A
Dimensions See legal description/tax map Topography Basically Level
Site area 0.66 Acre M/L Corner Lot 0 Yes 00 No Size Larger than normal
Specific zoning classification and description R-1 Suburban-Residential Shape Irregular
Zoning compliance 00 Legal 0 Legal nonoonforming (Grandfathered use) 0 Illegal o No zoning Drainage Appears adequate
Hiqhest & best use as improved: rxr Present use n Other use lexplain) View Residential
Utilities Public Other Off-site Improvements Type Public Private Landscaping Typical
00 150 Amp 00 0 --
Electricity Street Asphalt Driveway Surface Asphalt/Stone
Gas 0 Curb/gutter None 0 0 Apparent ,easements None A.Jlflarent
Water 00 Sidewalk None 0 0 FEMA Special Flood Hazard Area U Yes lxJ No
Sanitary sewer ~ Street lights Adequate ~ R FEMAZone C Map Date 4/1/1982
Storm sewer Alley None FEMA Mao No. 420367 A
Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconformin9 zoning, use, etc.): There are no
apparent adverse easements, encroachments or other adverse conditions.
GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION
No. of Units One Foundation Block Slab None Area Sq. Ft. 752 Roof 0
-~
No. of Stories One Exterior Walls Aluminum Oa-Mspace None % Finished 5% Ceiling 00
Type (Det./Att) Detached Roof Surface Shinale Basement Full Ceiling Unfinished Walls 0
Design (Style) 1 StOry Gutters & Dwnspts. Aluminum Sump Pump Yes Walls Block Floor 00
--
Existing/Proposed Existina Window Type DoubleHuna Dampness None Obs. Floor Vinyl Tile None 0
Age (Yrs.) 59 Yrs Storm/Screens Thermal * Settlement None Obs. Outside Entry No Unknown 0
Effective Aqe Yrs.\ 15-20 Manufactured House No Infestation None Obs.
.. ROOMS Fover Livinq Dininq Kitchen Den Familv Rm. Rec. Rm. Bedrooms # Baths Laundrv Other Area Sq.F~_
~~ Basement Area
Level 1 1 1 1 2 1 752
. Level 2
. .--
Finished area above orade contains: 5 Rooms; 2 Bedroom s\; 1 Bathls\; 752 Sauare Feet of Gross Livina Area
. INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE:
Floors HW/CarpIVinyl Type EBE!_ Refrigerator 0 None 0 Fireplace(s) # 0 None 0
00 0 - 0
. Walls Plaster Fuel Ele~~ Range/Oven Stairs Patio Garage # of cars
Trim/Finish Wood Cond~ionA veraae Disposal 0 Drop Stair 0 Deck 0 Attached
Bath Floor Vinvl COOLING Dishwasher 0 Scuttle 00 Porch Two 00 Detached
Bath Wainscot Plaster/Fbrals Central Non_L- Fan/Hood 0 Floor 0 Fence 0 Built-In
Doors Wooden Other Win~ Microwave R Heated R Pool R Carport
Averaae Condition Cond~lOnA veraae Washer/Dryer Finished Drivewav 3/Pvd/Stl
Additional features (special energy efficient items, etc.): See Attached Addendum.
Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction remodeling/additions, etc.: Improve
ments are in average condition with no physical inadequacies apparent. Frame sheds in fair condition, given minimal yalue in
this report.
..
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 are apparent/disclosed.
Fu~dle Mac Form 70 6-93
F'I N 06 0267
PAGE 1 OF 2
Produced using ACI software, 800234_8727 wwwaciweb com
Fannie Mae FOfrTl 1004 6-93
ADDENDUM
Borrower: Elva J. GIBB (Estate)
Property Address: 119 Fern Avenue
City: Carlisle
Lender: Irwin & McKnight
File No.: 06-0267
Case No.:
State: PA
Zip: 17013
Additional Features
<Replacement windows added; bath up-dated; two plumbing fixtures and block shower in basement area; perimeter drains, sump pump recently
installed; hot water heater recenlly replaced; two frame storage sheds, 14 x 20 & 24 x 24, both in fair condition.
Addendum Page 1 of 1
Valuation Section
SUMMARY APPRAISAL REPORT
UNIFORM RESIDENTIAL APPRAISAL REPORT
File No. 06-0267
ESTIMATED SITE VALUE. . . . . . . . . . . . . . . . . . . . . . . . . . . = $ 40,000 Comments on Cost Approach (such as, source of cost estimate,
ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: site value, square foot calculation and for HUD, VA and FmHA, the
Dwelling Sq. Ft. @ $ = $ estimated remaining economic life of the property):
Sq. Ft. @ $ = Cost Approach [from Marshall/Swift Valuation Service
. = handbook and local cost analvsis1 was considered. but
. Garage/Carport Sq. Ft. @$ = deemed not credible due to the age of the
-
. Total Estimated Cost New . . . . . . '1' . . . . . . . . = $ improvements. Site value from Market Data.
Less Physical I Functional External Est. Remaining Econ. Life: Depreciation based on aaellife observed condition. and
. Depreciation = $ Market Data Analysis. Estimated remaining Economic
Depreciated Value of Improvements . . . . . . . . . . . . . . . . . . . = $ Life is 30-35 years.
"As-is" Value of Site Improvements. . . . . . . . . . . . . . . . . . . = $
INDICATED VALUE BY COST APPROACH. . . . . . . . . . . = $ N/A
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3
119 Fern Avenue 2 Green Meadow Drive 154 Pennsylvania Avenue 2069 Spring Road
Address Carlisle Carlisle Carlisle Carlisle
Proximitv to Subiect 0.92 MI W 0.32 MI N 0.59 MI NNW
Sales Price $ N/A $ 76 000 $ 92 000 $ 117 000
Price/Gross Liv. Nea $ 0.00 IZ'l $ 98.06 IZ'l $ 79.86 IZ'l $ 122.26 IZ'l
Data and/or Inspection
Verification Sources Deed/Crths.Rec. M LS/Courthouse Records MLS/Courthouse Records MLS/Courthouse Records
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION I + (-) $ Adiustment DESCRIPTION I + (.) $ Adjustment DESCRIPTION I + (-) $ Adjustment
Sales or Financing N/A None, Cony , None, Cony None, Cony
, ,
DOM 40 DOM 1 , DOM 48
Concessions ,
Date of Sale/Time N/A 7/05 5/06 , 10/05 ,
, , ,
Location Averaae Averaae , Averaae , Averaae ,
Leasel100JFee SiTc:lIe Fee Simple Fee Simple , Fee Simple , Fee Simole ,
,
Site 0.66 Acre M/L Loti A va r.391 , 3000 Lot/ A vg [.361 , 3.000 1.17 Acres+/- , -5 000
, ,
View Residential Resid/Comm. , Resid/Comm. , Resid/Comm. ,
, , ,
1 Storv/Ava Cottaae/Avg , 1 Storv/Avg , Cottaae/Avg ,
DesiQn and Appeal , ,
Quality of Construcfun Ava/Aluminum AvaNinvl , Avg/Aluminum , Ava/Aluminum ,
,
AQe 59 Yrs 55 Yrs , 21 Yrs , 65 Yrs
,
Condition Averaae Averaae , Superior 5% , -4 500 Suoerior 10% -12,000
Above Grade Total: Bdrms I Baths Total: Bdrms : Baths , Total : Bdrms I Baths , T alai : Bdrms I Baths ,
Room Count 30 5: 2: 1.00 4: 2: 1.00 : 6: 4: 1.50 : -1,000 4: 2: 1.00 :
Gross LivinQ Nea 752 Sa.Ft. 775 SaH 0 1 152 SaH , -12.000 957 Sa.Ft. , -6 200
, ,
Basement & Finished Full Bsmtl Full Bsmtl , Slab , 5,000 Full Bsmtl ,
. , , ,
, , ,
Rooms Below Grade Unfinished Unfinished , , Unfinished
, ,
. 2 Bedroom Similar Superior , -2.000 Similar ,
Functional Utilitv , ,
Heatina/Coolina EBB/None GFHAlNone , EBB/None , OFHAlNone ,
, ,
. Enerav Efficient Items Tvpical Tvoical , Tvpical , Tvpical
,
Garaae/Carport OSP OSP OSP , OSP
Porch, Patio, Deck, Porches/Sheds Entry/Patio/Shed: 1,000 Scrnd.Porch , 0 Porches 0
,
Fireplace(s), etc. : ,
, ,
Fence, Pool, etc. None None None , None
,
, ,
, ,
Net Adj. (total) TxT+ r 1 . :$ 4,000 I I + Ix] . :$ 11 500 r 1 + Ixl. :$ 23 200
Adjusted Sales Price Gross: 5.3% Gross: 29.9% Gross: 19.8%
of Comparable Net: 5.3% $ 80 000 Net: -12.5% $ 80 500 Net: -19.8% $ 93 800
Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc. ): All com parables are similar in stvle and
location to the subject property. are verified closed sales, and are the best currentlv available. Limited sales of smaller one
stOry homes have recentlv occurred reauiring an expanded search. Surplus land was adjusted @ $10.000/acre. Range of
value is $80 000 to $94.000.
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3
Date, Price and Data
Source for prior sales None None None None
within vear of aDoraisal Deed/Crths.Rec. Courthouse Records Courthouse Records Courthouse Records
Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal:
No recorded transfers within three years were found.
INDICATED VALUE BY SALES COMPARISON APPROACH .............................................. _......$ 85 000
. INDICATED VALUE BY INCOME APPROACH {If AoDlicable\ Estimated Market Rent $ N/A /Mo. x Gross Rent Mu~iDlier N/A - $ N/A
This appraisal is made 00 "as is" 0 subject to the repars, a~erations, inspections or condttions listed below 0 subject to completion per plans and specifications.
Condttions of Appraisal: The property has been appraised in current condition. This appraisal is for client only, nontransferable. See
attached addendum.
Final Reconciliation: Market Analysis consistently supports my estimated market value. Cost Approach and GRM analysis were
found inappropriate for this analvsis. Greatest weiqht is applied to the Market Data Analvsis. Supporting file information
. substantiates these estimates.
The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent
and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/Fannie Mae Form 1004B (Revised 6/93 ).
I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED. OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF 5/28/2006
· (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $ ...Jl5,0~ -7 . .
APPRAlSE!tZ. zP. (2 JL iJ..-- SUP~~PRAlSE (oj"", REQU~ ODid 00 Did Not
Signature 4 a~ ~..... . ~ d:l. Slgnat~ ----- ./ -
Name Cassandra J. Crockett Name Steven W. Barrett, SRPA, SRA Inspect Property
Date Report Signed 06/30/2006 Date Report Signed 06/30/2006
State CertificatiDn # RL-001348-L State P A State Certification # GA-000298-L. State PA
Or State License # State Or State License # RB-026921-A. State P A
Frc>dd'e Mac Form 70 5-93 Certified Residential PAGE20F2 Certified General A[ raiser Fannie M F
pp
ae orrn 1004 6-93
Appraiser
Produced using ACI software, 800.234.8727 W'W'N,aciwebcom
S.W. Barrett Real Estate & Appraisal Services
Case No
Property Address 119 Fern Avenue
~ity__~~r1i~e_ __ n______ __
Borrower Elva J. GIBB (Estate)
_ !:~~cle~~lien! __ !~II~,.,<:~i9ht
App~al~r_~rne__~assandra ~~r~l<!ttnn n
.
.
SKETCH/AREA TABLE ADDENDUNI
FilE~ No 06~267
County Cumberland
State PA
Zip 17013
---~~--- .-----~----..--.---.~--------~-~--~~------.----~-----.---------- ----~--.-'-.1
UC Address 60 West Pomfret Street, Carlisle, PA 17013 I
Appr Address 126 North Hanover Street, Carlisle, PA 17013
280'
Bath
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Li>,ing Room
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Porch
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100'
Comments:
Scale: 1 '" 10
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AREA CALCULATIONS SUMMARY I
Code Description Size Totals ,
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LIVING JI.REA BREAKDOWN
Breakdown Subtotals
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TOTAL LIVABLE
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APEX SOFlWARE 800-.858-9958
AplC8100.....Ap.lll!
Borrower: Elva J. GIBB (Estate)
Property Address: 119 Fern Avenue
Gity:c::ar.Ii!ile___ -. _ ___
Lender: Irwin & McKni ht
SUBJECT PROPERTY PHOTO ADDENDUM
File No.: 06-0267
Case No.:
State: PA
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. .__ ___Zip:J7013
FRONT VIEW OF
SUB,JECT PROPERTY
Appraised Date: June 20,2006
Appraised Value: $
REAIR VIEW OF
SUB,JECT PROPERTY
STRIEET SCENE
Borrower: EJva J. GIBB (Estate)
~roperty Address: 119 Fern Avenue
City: Carlisle
Lender: Irwin & McKnight
State: PA
File No.: 06-0267
Case No.:
Zip: 17013
~orrower': Elva J~GIBB (Estate)
rro~erty Ad9.r:.~~~.:-"J_~ff?!!I_Avenue
City: Carlisle
Lender: Irwin & McKniaht
COMPARABLE PROPERTY PHOTO ADDENDUM
I=ile No,: 06-0267
Case No,:
State: PA
[i
Zip: 17013
COMPARABLE SALE #1
2 Green Meadow Drive
Carli~;le
Sale Date: 7/05
Sale Price: $ 76,000
COMPARABLE SALE #2
154 Pennsylvania Avenue
Carlisle
Sale Date: 5/06
Sale Price: $ 92,000
COMPARABLE SALE #3
2069 Spring Road
Carlisle
Sale Date: 10/05
Sale Price: $ 117,000
COMPARABLE PROPERTY PHOTO ADDENDUM
Borrower: Betty Lou CHRISTAKOS (Estate) File No.: 06-0262
Property Address: 620 North Bedford Street Case No.:
City: Carlisle State: PA Zip: 17013
Lender: Irwin & McKniaht
i
- ___<I
COMPARABLE SALE #1
154 Pennsylvania Avenue
Carli!.le
Sale Date: 5/06
Sale Price: $ 92,000
COMPARABLE SALE #2
2 Gmen Meadow Drive
Carlisle
Sale Date: 7/05
Sale Price: $ 76,000
COMPARABLE SALE #3
206~1 Spring Road
Carlisle
Sale Date: 10/05
Sale Price: $ 117,000
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. Borrower: Elva J. GIBB (Estate)
. Property Address: 119 Fern Avenue
; City: Carlisle
. i..ender: Irwin & McKni ht
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File No.: 06-0267
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File No. 06-0267
I
********* QUALIFICATIONS *********
The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the
inspection of the subject property, the com parables sales, and their neighborhoods and locations. Unless otherwise
noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET
VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home
inspection service. This is an appraisal to estimate market value.
_1. The subject is located in a rural area and is less than 25% built-up.
_x_2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar
neighborhoods.
_x_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for
the area.
_5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and
suggested.
_4. The predominant value in the neighborhood is less than that of the market value! of the subject property. This
is due to the very wide range of value of properties in the area and superior quality of the subject property.
_6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement
floor. This condition is considered typical in dwellings of this style.
7. The subject property is serviced by private well and/or septic systems which is common for the area.
_x_B. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing
systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement.
_9. Repair items were noted in the comments section of the report. These comments on repair items are for
descriptive purposes only and are not required repairs. The items listed are cosmetic in nature.
_10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a
health or safety hazard.
_x_11. The subject property does contain functional obsolescence as noted in the report. This condition is
considered typical and common for the area and this style dwelling.
_x_12. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This
condition is considered common and typical for the neighborhood.
_x_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 wem required due to lack 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 am comparable properties in the
subject's area, none have sold recently; therefore, sales in excess of six(6) months have to be used. All com parables
used are the best available.
_17. One or more com parables used were in excess of one (1) mile from the subject property. Although there are
comparable properties in the immediate area, none have sold recently. Therefore, it wals necessary to use comparable
sales outside of the immediate area. All com parables used are located in similar neighborhoods and within the same
marketing area. All com parables used are the best available.
_1B. The electrical system was not connected during inspection.
_19. The water service was not connected during inspection.
_20. The heating system was shut down during inspection.
21. Roofing_Plumbing_Electrical_Heating_certification(s) is/are suggested.
_x_22. Inground swimming pool_, out buildings_x_are included_x_,not includE!d_according to lender's
guidelines.
_23. According to lender's guidelines a maximum of_acres were considered for this valuation. Remaining
acreage was given no value.
File No. 06-0261
********* QUALIFICATIONS *********
_24. The subject property is located on a private road.
!
_25. Wood infestation inspection is suggested.
,
_x_26. Last recorded deed transfer: Date1/17/1949 & 4/23/1954, Consideration: $1.00 & $500.00.
_21. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like !,
manner.
I
_28. Seller is paying part or all of closing costs.
_x_30. There are no special conditions or other requirements that would affect marke1t value or future marketability in
the Appraisal Report.
,
. _x_29. All comparable sales are verified closed sales.
,
"
CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING
INSPECTION.
,
File No. 06-0267
DEFINITION OF MARKET VALUE: The most probable price which a property should brin!~ 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 judgment.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CEHTIFICATION
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 performing 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
File No. 06-0267
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 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 for 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. I 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. I 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 performed 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.
ADDRESS OF PROPERTY APPRAISED: 119 Fern Avenue, Carlisle, PA 17013
Signature: add<J~c~:I~ d .C:~~jL
Name: Cassandra J. Crockett .
Date Signed: 06/30/2006
State Certification #: RL-001348-L
or State License #:
State: PA
Expiration Date of Certification or License: 06/30/2007
SUPERVISORY APPRAISER (only if required)
~~(I3--Tf
APPRAISER:
Signature:
Name:. Steven W. Barrett, SRPA, SRA
Date Signed: 06/30/2006
State Certification #: GA-000298-L
or State License #: RB-026921-A
State: PA
Expiration Date of Certification or License: 06/30/2007
o Did IX] Did Not Inspect Property
Certified Residential Appraiser
Freddie Mac Form 439 6-93
Certified General Appraiser
Page 2 of 2
Fannie Mae Form 1004B 6-93
m1M&I'Bank
499 Mitchell Street, Millsboro, DE 19966
June 7, 2006
Law Offices
Irwin & McKnight
West Pomfret Professional Building
60 West Pomfret Street
Carlisle, PA 17013-3222
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RE: Estate ofElva P. Gibb
Date of Death: May 28, 2006
Social Security No.: 191-18,.4546
Dear Mr. McKnight:
In response to your request, please be advised that at the time of death, the above-
named decedent had on deposit with this bank the following accounts.
1. Account Type.... .................... ...Checking Account
Account Number. . .. . .. . .. . .. . .. ... . ...710369
Ownership (Names oj)............. ..Elva P. Gibb
Opening Date. . .. . .. . .. . .. . .. . . . . .. . .. . .09/01/67
Balance on Date ofDeath.........$1,686.09
Accrued Interest
$
0.02
Total..................................... ..$1 ,686.11
The above named decedent did not have a safe deposit box.
For any additional information on the above accounts, including ownership,
statements and closures please contact our High Street Carlisle branch at 717-240-4536.
Sincerely,
01 ~(, :f::-!
'11 /. / ,"f 1 'Iv/vfV
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Charlene Warrington, Records Management
1-888-502-4349
r:
CORNERSTONE
Federal Credit Union
Po. Box I 181, 5 East Gate Drive, Carlisle, PA 170 13
Telephone (717) 249-1661 FAX (717) 249-8208
www.comerstonefcu.coop
lv/ember founded Service based
July 27, 2006
Irwin & McKnight
60 West Pomfret Street
Carlisle, P A 17013
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RE: Estate of Estate ofElva J. Gibb
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Dear Sir:
At the time" of her death, Elva J. Gibb had a savings account and two certificate accounts. As of
June 13,2006 the joint certificate account No. 10 was closed by Ms. Mary Sheller. . Listed
below is the information requested per your letter dated June 2,2006:
#1. .: 9336-01 ---; Savings Account, Elva J. Gibb was sole owner
9336-10- Certificate Account, Elva J Gibb & Mary Sheller were joint owners
..\ 9336-11 - Certificate Account, Elva J Gibb & Judy Gibb were joint owners
#2. All account were established September 5, 2002
#3. There were no changes in ownership or registration of the accounts within one year prior to
the date of death.
#4. There were no accounts closed within one year prior to the date of death.
#5. Interest accrued to date of death for the calendar year:
J9336-01 balance was $0.13
9336-10 balance was $584.45
9336-11 balance was $591.54
#6. The date of death balances:
9336-01 balance was $26.02J
9336-10 balance was $28,530.72
9336-11 balance was $29,837.81
If you require any additional information, please do not hesitate to contact me at 717-249-1661
ext 240.
Sincerely,
~9Yrf~
Donna J. Mickey
Financial Services Administrator
MEMBER SAVINGS ACCOUNTS FEDERALLY INSURED To $100,000 By THE NATIONAL CREDIT UNION ADMINISTRATION
/'
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Hoffman-Roth Funeral Home, Inc.
219 ~orth Hanover Street
Carlisle, PA 17013
(717)243-4511
June 9, 2006
Mary G. Sheller
131 Fern Ave.
Carlisle, P A 17013-
The Funeral Service for Elva J. Gibb
14771-97
We sincerely appreciate the confidence you have placed in us and will continue to assist you in every way we 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.
FACILITY, STAFF, EQUIPMENT
Graveside Services . . . . . . . . . . .
FUNERAL HOME SERVICE CHARGES
$3025.00
$3025.00
SELECTED MERCHANDISE:
Provincial Casket. . . . . . . . . . . . . .. ......
Monticello Interment Receptacle. . . . . . . . .. ......
THE COST OF OUR SERVICES, EQUIP:\'lENT, AND MERCHANDISE
THAT YOU HAVE SELECTED . . . . . .
$2550.00
$1190.00
$6765.00
Cash Advances
Opening Grave. . . . . . . .
Newspaper Obituary Notice-Sentinel .
Clergy Offering . . . . . . .
Certified Copies of Death Certificate
Flowers. .
Hatrdresser
TOTAL CASH ADVANCES AND SPECIAL CHARGES.
5600.00
$37.80
$75.00
$60.00
$132.50
$30.00
$935.30
Total
Total Cost .
S7700.30
~~~.
$7700.30
To be credited when receive from Cumberland County VA
This statement is net and payable in full within 30 days of receipt.
'lUrAL AMOUNT DUE
-100.00
$7600.30
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - -. - - - - - - - - - - --
Please return this portion with your Remittance
$
Amount Enclosed
Service 10 # 14771-97
Elva J. Gibb
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FORGERIES
CUSTOMER NOTICATION OF ADJUSTMENT
IRWIN & MCKNIGHT
tOl TA ACCOUNT
60 W POMFRET ST
CARLISLE
PA 170133216
Jun 20, 2006
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JUN 2 2 2006
Case Number: 001036170000522
:R~wnv & McKNIGHT
Dear Customer:
We have adjusted your account 183032 for $810.00, today for the following reason.
Error: INCOMING COlL-RECLAMATIONS dated 6/7/2006.
We apologize for any inconvenience this may have caused. Please retain this copy for your
records for no advice will be enclosed with your statement.
For questions regarding this adjustment please contact our Telephone Banking Department at 1-
800-724-2440 or your Commercial Customer Service Representative.
Respectfully,
Adjustment Services
Enclosures:
Check/deposit copy
custAdvOC