HomeMy WebLinkAbout07-14-06 (2)
REV-1500 EX (6-00)
OFFICIAL USE ONLY
COMMONWEAL TH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT 280601
HARRISBURG, PA 17128-0601
REV -1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
FILE NUMBER
c2L
COUNTY CODE
C"l. C' [r -..1..""',
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YEAR NUMBER
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DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL)
Bigler Lena
DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR)
1/9/2006 8/10/1923
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
J
SOCIAL SECURITY NUMBER
209-12-8210
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
SOCIAL SECURITY NUMBER
[X] 1. Original Return
04
Limited Estate
[X] 6. Decedent Died Testate (Altach copy of Will)
O Will was not probated
9. Litigation Proceeds Received
o 2. Supplemental Return
o 4a. Future Interest Compromise (date of death after 12-12-82)
o 3. Remainder Return (date of death pnor to 12-13-82)
o 5. Federal Estate Tax Return Required
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o 7. Decedent Maintained a Living Trust (Attach copy ofTrust) L 8. Total Number of Safe Deposit Boxes
o 10. Spousal Poverty Credit (date of deafh between 12.31-91 and 1.1.95) 0 11. Election to tax under Sec. 9113(A) (Attach SchO)
THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
NAME COMPLETE MAILING ADDRESS
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Rose Mary C. Durham
FIRM NAME (If Applicable)
3880 Sullivan Street
Mechanicsburg, PA 17050
TELEPHONE NUMBER
717-732-3190
1. Real Estate (Schedule A)
(1)
0.00
OFFICIAL USE ON.LV.:
4. Mort!lages & Notes Receivable (Schedule D)
5. Cash. Bank Deposits & Miscellaneous Personal Property
(Schedule E)
(4)
0.00
2. Stocks and Bonds (Schedule B)
(2)
0.00
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3)
0.00
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6. Jointly Owned Property (Schedule F) (6)
CJ Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7)
(Schedule G or L)
2,519.55
101,761.59
....
C,.)
(5)
0.00
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10)
(8)
7,877.00
767.72
104,281.14
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H) (9)
11. Total Deductions (total Lines 9 & 10)
(11)
8,644.72
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J)
(12)
95,636.42
(13)
0.00
14. Net Value Subject to Tax (Line 12 minus Line 13)
(14)
95,636.42
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
z rate, or transfers under Sec. 9116 (a)(1.2)
o
~ 16. Amount of Line 14 taxable at lineal rate
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~ 17. Amount of Line 14 taxable at sibling rate
o
U 18. Amou nt of Line 14 taxable at collateral rate
X
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I- 19. Tax Due
0.00
95,636.42
x .12 (17)
0.00
0.00
0.00
0.00
x.O ~(15)
xO ~(16)
0.00
(19)
14,345.46
14,345.46
x .15 (18)
20,
[J
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
> > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < <
3W4645 1.000
Decedent's Complete Address:
SWEET ADDRESS
12 Round Hill Road
CITY
Camp Hill
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
I ~~TE
I r7011
- I
(1)
14,345.46
0.00
0.00
0.00
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Credits (A + B + C) (2)
0.00
0.00
0.00
Total Interest/Penalty (D + E) (3)
0.00
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)
0.00
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5)
14,345.46
A. Enhlr the interest on the tax due. (5A)
0.00
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B)
Make Check Pa able to: REGISTER OF WILLS, AGENT
14,345.46
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1 . Did decedent make a transfer and:
a. retain the use or income of the 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? . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? 0
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 [iI
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Yes
D
D
D
D
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No
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Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
DATE
Niece and joint owner
SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE
DATE
ADDRESS
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.s 9916 (a) (1.1) (i)l
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. S 9116 (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. S 9t 16(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. S 9116( 1.2) [72 P.S. 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. S 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
3W4646 1000
REV~1508 EX + (6~98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF
Lena J. Biqler
FILE NUMBER
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
VALUE AT DATE
OF DEATH
1
Refund, utilities
19.55
2
HOULsehold and personal items in
res:idence. Value estimated by
surviving niece. No antiques or
valuable items. All furniture
purchased many years ago.
2,500.00
3W46AO 1000
TOTAL (Also enter on line 5, Recaoitulation\ $
(If more space is needed, insert additional sheets of the same size)
2,519.55
REV-1509 EX + (6-98,1
COMMONWE,oUH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Lena J. Bigler
SCHEDULE F
JOINTLY-OWNED PROPERTY
FILE NUMBER
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
ADDRESS
RELATIONSHIP TO DECEDENT
A.
Durham, Rose Mary C
3880 Sullivan Street,
Mechanicsburg, PA 17050-2167
Niece
B.
c.
JOINTLY-OWNED PROPERTY:
LEnEH DATE DESCRIPTION OF PROPERTY 'loaF DATE OF DEATH
ITEM FORJOINT MADE INCLUDE NAME OF FINA.NCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH DECD'S VALUE OF
N..MBERORSlMILAR IDENTIFYING NUMBER ATTACH DEED FOR
NUMBER TENANT JOINT JOINTLY -l-ElD REAL EST A TE VALUE OF ASSET INTEREST DECEDENTS INTEREST
All more
1. A. than 1 yr.
1 A before de~ lJ&T Bank Checking Acct.
#3440014912 2,639.66 50.0000 1,319.83
2 A M&T Bank Savings Acct.
#15004200821880 15,414.67 50.0000 7,707.34
3 A House, 12 Round Hill Road,
Camp Hill, PA 185,000.00 50.0000 92,500.00
Copy of appaisal attached.
4 A I Wachovia Savings Acct.
#3059980024028 468.83 50.0000 234.42
TOTAL (Also enter on line 6 RecaDitulation\ $ 101,761.59
3W46AE 1,000
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (12-9(1)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
Lena J. Bigler
FILE NUMBER
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
DESCRIPTION
AMOUNT
A_
FUNERAL EXPENSES:
1.
Diocese of Harrisburg, cemetery
c::harges
775.00
Total from continuation schedules .
6,779.20
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
B.
Name of Personal Representative(s)
Social Security Number(s) I EIN Number of Personal Representative(s)
Street Address
City
State
Zip
Year(s) Commission Paid:
2. Attorney Fees
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City
State
Zip
Relationship of Claimant to Decedent
4. Probate Fees
5. Accountant's Fees
6_ Tax Return Preparer's Fees
7.
1
Postmaster, stamps
7.80
2
Register of Wills, filing fee
15.00
Total from continuation schedules .
300.00
3W46AG 1.000
TOTAL (Also enter on line 9, Recapitulation)
(If more space is needed, insert additional sheets of the same size)
$
7,877.00
Estate of: Lena J. Bigler
209-12-8210
Schedule H Part 1 (Page 2)
Item
No. Description
Amount
2
Geo's Restaurant, funeral luncheon
931. 20
3
l~ichael Shalonis, funeral expenses
5,848.00
Total (Carry forward to main schedule)
6,779.20
Estate of: Lena J. Bigler
209-12-8210
Schedule H Part 7 (Page 2)
3
Reynold R. Woof, Jr., appraisal
cost
300.00
Total (Carry forward to main schedule)
300.00
REV-1512 EX + (12-03)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Lena J. E~igler
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
FILE NUMBER
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION
VALUE AT DATE
OF DEATH
1.
Debbie LupoId, Tax Collector,
real estate taxes
450.76
2
East pennsboro Township
68.50
3
Metro Med Services
151.15
4
PP&:c.
96.00
5
West Shore Anesthesia
1.31
3W46AH 2.000
TOTAL (Also enter on line 10. Recapitulation) $
(If more space is needed. insert additional sheets of the same size)
767.72
REV-1513 EX+ (9-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITAI~CE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF
Lena J. BJ..qler
FILE NUMBER
1
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers
under Sec. 9116 (a) (1.2)]
Rose Mary C. Durham
3880 Sullivan Street
Mechanicsburg, PA 17050-2167
RELATIONSHIP TO DECEDENT
Do Not List Trustee(s)
AMOUNT OR SHARE
OF ESTATE
NUMBER
I
100% of Residue: 95,651.42
Niece
95,651.42
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
$
0.00
3W46AI 1.000
(If more space IS needed, Insert additional sheets of the same size)
;- ...---
-.
~AST WILL AND TESTAMENT
c<~-
LENA J. BIGLEE
I, LENA J. BIGLEE of East Pennsboro Township, Cumberland
County, Pennsylvania, being of sound and disposing mind and
memory, do make, publish and declare this to be my Last Will and
Testament, hereby revoking all wills and Codicils by me at any
time previously made.
1. TANGIBLE PEESONALTY. I cllve and bequeath all or my
household furniture and furnishings. books, pictures, jewelry,
china, crystal, appliances, silverware, wearing apparel, articles
of household or personal use or adornment, to my niece, EOSE MAEY
C. DUEHAM, of 3880 Sullivan Street. Mechanicsburg, Pennsylvanla,
jf she survives me.
If my said niece does not surVlve me, I give
such articles to her husband, JAY P. DUEHM~.
2. RESIDUE. I give, devise and bequeath ali of the
rest, residue and remainder of my property, real, personal and
mixed, not disposed of in the preceding portions of this Will,
including all property over whlch I hold a power of appolntment
(which powers of appointment I hereby exercise in favor of my
Page 1 of 5 Pages
~:".:; 1 .'i l
estate) ,
CO my niece, ROSE MARY C. DURHk~,
if she surVlves we,
~r
~,~
if she does not survive me, to her husband, JAY P. DURHm~.
3.
SPENDTHRIFT PROVISION.
No incerest In lncome or
principal of my estate shall be subject to attachmenc, levy or
seizure by any creditor, spouse, assignee or trustee or receiver
in bankruptcy of any beneficiary of my estate prior co the
beneficiary's actual receipt thereof.
My Executor shall pay over
the net income and the principal to the beneficiaries herein
designated, as their interests may appear, without regard to any
attempted anticipation (except as may be specifically provided
herein), pledging or assignment by any beneficiary of my estate
and without regard to any claim thereto or attempted levy,
attachment, seizure or other process against said beneficiary.
4.
SURVIVAL PRESUMPTIONS.
Any person who shall have
died at the same time as I or under such circumstances that it is
difficult or impossible to determine who shall have died first,
shall be deemed to have predeceased me.
5.
FIDUCIARY POWERS.
In the settlement of my estate,
my Executor shall possess, among others, the following powers,
exercisable without prior court approval, but in all cases to be
exercised for the best interests of the beneficiaries:
(a) To retain any investments I may have at my
death so long as my Executor may deem it advisable to my
estate so to do.
(b) To vary investments, when deemed desirable by
my Executor, and to invest in such bonds, stocks, notes,
real estate mortgages or other securities or in such
Page 2 of 5 Pages
other real or personal property, as mv Executor shall
deem wise, without being restricted to so called "legal
investments" .
(c) In order to effect a division of the principal
of my estate or for any other purpose, including aGY
final distribution of my estate, my Executor is
authorized to make said divisions or distributions of
the personalty and realty partly or wholly in kind. If
such division or distribution is made in kind, said
assets shall be divided or distributed at their
respective values on the date or dates of cheir division
or distribution. In making any division or distribution
in kind, my Executor shall divide or discribute said
assets in a manner which will fairly allocate any
unrealized appreciation among the beneficiaries.
(d) To sell either at public or privace sale and
upon such terms and conditions as my Executor may deem
advantageous to my estate, any or all real or personal
estate or interest therein owned by my estate severally
or in conjunction with other persons or acquired after
my death by my Executor, and to consummate said sale or
sales by sufficient deeds or other instruments to the
purchaser or purchasers, conveying a fee simple title,
free and clear of all trust and without obligation or
liability of the purchaser or purchasers to see to the
application of the purchase money or to make inquiry
into the validity of said sale or sales; also, to make,
execute, acknowledge and deliver any and all deeds,
assignments, options or other writings which may be
necessary or desirable in carrying out any of the powers
conferred upon my Executor in this paragraph or
elsewhere in this will.
(e) To mortgage real estate and to make leases of
real estate for any term.
(f) To borrow money from any party, including my
Executor, to pay indebtedness of mine or of my estate,
expenses of administration, Death Taxes or other taxes.
(g) To pay all costs, expenses, legally
enforceable debts, funeral expenses and charges in
connection with the administration of my estate.
(h) To assign to and hold in my estate an
undivided portion of any asset.
Page 3 of 5 Pages
(i) To hold investments in the name of a nomlnee.
(j) To compromise controversies.
(k) To disclaim, in whole or in part, any and all
interests in property owned by me at the time of my
death, including those passing to me by Will, intestacy,
contract, joint ownership, operation of law or
otherwise.
6. TAX CLAUSE. All inheritance, estate and similar
taxes becoming due by reason of my death ("Death Taxes"), whether
such Death Taxes shall be payable by my estate or by any recipient
of any property, shall be paid by my Executor out of the property
passing under ITEM 2 of this Will as an expense and cost of
administration of my estate.
My Executor shall have no duty or
obligation to obtain reimbursement for any Death Taxes paid by my
Executor, even though paid with respect to proceeds of insurance
or other property not passing under this Will.
7.
EXECUTOR APPOINTMENT.
I hereby appoint my nlece,
ROSE MARY C. DURHAM, as Executrix of this will.
If for any reason
she should fail or cease to act, I appoint her husband, JAY P.
DURHAM, to act in her place. All references in this Will to my
"Executor" shall refer to my originally named Executrix or to my
successor Executor, as the case may be.
8. WAIVER OF BOND. My Executor shall qualify and
E:erve without the duty or obligation of filing any bond or other
security.
Page 4 of 5 Pages
IN WITNESS WHEREOF, I have set my hand and seal to this,
my Last will and Testament, consisting of this and the preceding
four (4) pages, this ~]
day of
ad.
1998.
~C}.-d~&v (SEAL
L na J. Bigler '
We, the undersigned, hereby certify that the foregoing
will was signed, sealed, published and declared by 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 hereunto set our hands and seals the day and
year above written, and we certify that at the time of the
execution thereof, the said Testatrix was of sound and disposing
mind and memory.
~
/
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.
?/l /7tfc;?S"
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( SEAL)
Residing at:
(SEAL)
Residing at:
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Page 5 of 5 Pages
WOOF APPRAISAL GROUP
Rle No. PVT8062
APPRAISAL OF
A SINGLE FAMILY RESIDENTIAL HOME
LOCATED AT:
12 ROUND HILL ROAD
CAMP HILL, PA 17011
FOR:
ROSE MARY DURHAM
3880 SULLIVAN STREET
MECHANICSBURG, PA 17050-2167
BORROWER:
AS OF:
MARCH 28, 2006
BY:
REYNOLD R. WOOF, JR. IFAS
PA CERTIFIED GENERAL REAL ESTATE APPRAISER
WOOF APPRAISAL GROUP
File No. PVT8062
MARCH 29, 2006
ROSE MARY DURHAM
38,80 SULLIVAN STREET
MECHANICSBURG, PA 17050-2167
File Number: PVT8062
DEAR ROSE MARY,
In accordance with your request, I have personally inspected and appraised the real property at:
12 ROUND HILL ROAD
CAMP HILL, PA 17011
The purpose of this appraisal is to estimate the market value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the estimated market value of the property as of MARCH 28, 2006 is:
$185,000
ONE HUNDRED 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.
:~~~
REYNOLD R. WOOF, JR. IFAS
PI\ CERTIFIED GENERAL REAL ESTATE APPRAISER
The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
Property Address 12 ROUND HILL ROAD City CAMP HILL State PA Zip Code 17011
Borrower OWner of Public Record BIGLER LENA & DURHAM ROSE MARY County CUMBERLAND
Leoel Desaiotion RECORD BOOK 152 PAGE 1112
Assessor's Parcel. 06~20-1850-182 Tax Yeer 2005/2006 R.E. Taxes $ 2 170.75
Neighborhood Name COUNTRY CLUB PARK Mao Relerance N/ A Cansus Trad 3240-102.02
1000000nt I 1000er hanant IX I Vacant SPOCiaI Assessments $ NONE T T P1JD HOA$ N/A I ID8fvear r 1oermonth
.. ProoerlY Riahts ADDI1IiSlld I X I Fee Simole I 1 L....hold I 1 Other ldesaibe)
AssianmenlTvne 1-1Purcha..Tran..ctian r lRefinanceTransaclion IXlOtherldesaibe) MARKET VALUE FOR ESTATE PURPOSES
LanderlClient ROSE MARY DURHAM Address 3880 SULLIVAN STREET MECHANICSBURG PA 17050-2167
Is the subled craoerlY currentlv otlerad far sale or has rt been otlerad far sale In the twelve months "'"" la the e1l8ctive dete of this annnoisal? I I Yes I X I No
Report data source(s) u,lad, a1lering price(s). and date(s). MULTI-LIST VERIFIED.
I U did U did not ,matyza the contrad far sale far the subject purcha.. transaction. Explain the results of the analysis of tha contrad far sale or why the analysis was not performed.
N/A
Contrad Price $ Dal8 of Contrad Is tho crooerlY ..11er tho 0_ of nublic record? I IYes I -1 No Del8 Sourcols\
. Is there any financial asoislance (loan chargas, salo concessions, gift or downpayment assistance. etc.) la be paid by any party on bohoW of tho borro_? 0 Yes 0 No
If Yes, report the latal d"lIar amount and dasaibe the il8ms la be paid. $
Note: Rllce and the rac:lal com-ltlon of the nelfthbarhood .. not aDDral_1 tac:tors.
Nelghbor~_ ChIr_lotI.. One-UnIt HawIng Tro_ O...Unlt Houolng Pr_nt Land u.. %
Location I [Urban IX I Suburban r TRural Pro....rtv Volues I X Ilncreesino I IStablo r T Declinino PRICE AGE One-Unrt 100 %
Bulrt-UD I X I Over 75%, I 125-75% I 1 Under 25% DemandlSuDDIv I 1 Shortaae I X lin Bolance I lOver Sunnlv SlOoo) lvr.l) 2-4 Unrt %
: Growth In 1 Reoid rXlStable I l Slow Mar1<atina Time Ix l Under 3 mths I l3-6 mths I lOver 6 mths 125 Law 30 Mulli-Femitv %
.
Neighborhood Boundaries THE NEIGHBORHOOD BOUNDARIES CONSIST OF HOMES IN THE AREA 375 Hioh 55 Commorcial %
~ COMMONLY KNOWN AS COUNTRY CLUB PARK LOCATED IN EAST PENNSBORO TOWNSHIP. 175 Prod. 45 Other %
Naighborhood DesaiptiDn THE SUBJECT PROPERTY IS LOCATED IN AN ESTABLISHED RESIDENTIAL NEIGHBORHOOD COMPRISED PREDOMINANTLY OF
SINGLE FAMILY HOUSES. EASY ACCESS TO EMPLOYMENT CENTERS SCHOOLS SHOPPING AND TRANSPORTATION.
Markat Condrtions (including support far the above conclusions) AREA REAL ESTATE MARKET IS CONSIDERED TO BE MODERATELY ACTIVE.
LOAN DISCOUIIITS INTEREST BUYDOWNS AND OTHER CONCESSIONS ARE NOT TYPICAL IN THIS
MARKET. CONVENTIONAL FINANCING IS READILY AVAILABLE.
Dimensions NOT PHOVIDED Area 0.19 ACRES Sha.. IRREGULAR VIOW TYPICAL
I Soacific Zonina Classiflo:ation R-1 Zoning Desaiotion RESIDENTIAL SINGLE FAMILY
Zoning Comoliance I X I L....I I I Lanel Non";;-";;;;:""'" IGrandfathered Use' I I No Zonino I hlleoal Idosai~\
Is the highest and best use of the subjeet property as improved (or as proposad per plans and spacitlcations) the present use? WYes UNa W No, dosaibe.
Utllttie. Public ot_ldeocrlbol Public O!'-Ideocrlbol 0Ik1hl 1..............__"'- Public Prlvllte
Electricitv IXI I I Water IXI I I SIroot MACADAM IXI I 1
Gas I I I I Sonitarv 50_ Ixl I I AileY rl Il
FEMA Soacial Flood H,1llItd Area I has Ix lNo FEMA Flood Zone C FEMA MaD . 420359B H&I-03 FEMA MaD Date 04115/1977
Are the utilities and aff-m imcrovements tvoicol far tho mar1<at area? I X I Yas I I No W No dosaibe.
Are there any adve<w ,oite condrtions or axternal factors (....ments, enaoachments. _nmental condrtions. land u_. etc.)? U Yes ~ No W Yas, desaibe.
GENERAL DESCRIPTION FOUNDATION EXTERIOR DESCRIPTION moterialslODndrtion INTERIOR moterialsloondrtion
Units I X I One I lOne with Accouorv Unit I Conaste Slab I I Crawl Soace Foundation WolIs CONC.BLK/AVE FIacn CARPET/AB. AVE.
. of Stories 1 Xl FuH Bosomsnt I I Partial Bo..ment Exterior Walls BRICK/AVE Wolls DRYWAWAB. AVE.
Tvne rXlDet 11Att. I lS-DetJEnd Unit Bosement Area 1412 so.1t Roof Surface FIBERGL.SH.lAVE T rimlFinish PINE/AVERAGE
X I Existina I l Prt.oosed r l Under Const. Bosement Finish 0% Gutters & Dawnsoouts ALUMINUM/AVE Both Floor CARPET/AVE.
Desian (SMe) RANCH xT OUtside Entrv/Exit I I Sump Pump Window T- WOOD D.H.lAVE Bath Wainscot CERAMIC/AVE.
Year BuUt 1962 Evidence of I 11nf8sl8tion Storm SoaMnsulated STORMS/AVERAGE Car Slaraoe I I None
E1l8ctive Ace IYro) 1 5 l Damonass I I Settlement Soreans YES I DrivewaY . of Cars
Allie None H..tino I IFWA Ilx IHWBB II I Redlant Amonities WoodSlavels) . llrivowaY Surface CONCRETE
I OraD Star Stars 1 Other I Fuel OIL xl F..Diace/s\' 1 Fence X I Garaao . of Cars 1
xl Floor X Sculllo Coatina I X I Cantral />Jr Condrtionina l PaIialOecl< X Porch ENCLOSED I Caroort . of Cars
I Finishad 'Heated llndividual II I Other I Pool Other X I All. I IDol I IBuilt~n
I Aaatiancos I I Rolnoeralar I X I RenaeJOvon XTDishwashor IX I Disoosai IXIMiaowave I IWashorillnler I I Other (desaibe)
Finished area above IClrade oontains: 6 Rooms 3 Bedrooms 2 Both/s' 1 412 Souare Feet of Gross Livina Ar.. Above Grade
Addltionel features (spllcialenergy eftlcient items, atc.). NONE.
.
. .
Desaibe the condition of the property (including n..dad repars, deterioration, renovations, remodeling, etc.). THE APPRAISED PROPERTY IS IN ABOVE AVERAGE
CONDITION FOR ITS AGE AND HAS BEEN WELL MAINTAINED. NO FUNCTIONAL OR EXTERNAL INADEQUACIES NOTED.
Are there any physical deficiancies or adve<w condrtions that afleet tha livabilrty, soundnass. or sbuctural integrity of tho property? U Yas ~ No W Yas, desaibe.
Daas the property generally conform la tha naighborhood (functionol utility, style, condrtion, use, construction, etc.)? ~Y.. UNo W No, desaibe.
WOOF APPRAISAL GROUP
Uniform Residential Appraisal Report
File No. PVTB062
FnIcXie M8c Fa-m 70 Ma-ch 2005
PI'oducedIllingN:.IICIIlwn,lIOO.234.87'ZlWWWAl:iWb.ODIII
PIgt 1 at6
FImie ,.. Fa1n 1004 MIrch zoos
l004J1503300!5
There are N/A comllarable nmoortios CUlTentlv offered fOr sale in the subiect neiohbart1aad rangil1Q in arice from $ N/ A to$ N/A
There are 9 comoarable sales in the sub..... no" hbarhaad within the nos! twelve months ran ina in sale price from $ 145 000 to$ 215900
FEATURE I SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO. 2 COMPARABLE SALE NO.3
12 ROUND HILL ROAD 11 ROUND HILL ROAD 532 JOYCE ROAD 519 SUSAN ROAD
Address CAMP HILL CAMP HILL CAMP HILL CAMP HILL
Praximitv to Sublecl ACROSS STREET 0.30 MILES 0.21 MILES
Sale Price $ 1$ 185000 1$ 200 000 1$ 179 900
Sale Pric:eIGrass Liv. Prea $ 0.00 sa.1t $ 134.84 sa. fl. 1 $ 154.44 sa. fl. 1 $ 124.50 sa. fl. 1
Data Saurce{s} MULTI-LIST SERVICE MULTI-LIST SERVICE MULTI-LIST SERVICE
Verification Saurcels\ COUNTY DATABANK COUNTY DATABANK COUNTY DATABANK
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION ".IS"'- DESCRIPTION </-IS- DESCRIPTION ,,-'S..........
Sakt or Anancing CASH CONVENTIONAL CONVENTIONAL
Concessions 4DOM 34 DOM 3DOM
Date of SalelTime 09/14/2005 +5 500 02121/2006 11/28/2005 +3 600
Location SUBURBAN SUBURBAN SUBURBAN SUBURBAN
LeasehaldlFee Slmale FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE
Site 0.19 ACRES 0.27 ACRES -4 000 0.21 ACRES -1 000 0.24 ACRES -2 500
VieW TYPICAL TYPICAL TYPICAL TYPICAL
Design (SIv1e\ RANCH RANCH RANCH RANCH
Qualitv of Construction AVERAGE AVERAGE AVERAGE AVERAGE
Actual AtJe 44 43 29 -5 000 31 -4 000
Condition ABOVE AVE. ABOVE AVE. ABOVE AVE. AVERAGE +5 000
AboVe Grade T"" I.......J 801M T""I_I - T"" I.......J W- T"" I""",] -
Room Count 6131 2 6131 2 6131 2 6131 1 +4 000
Grass LiYina Prea40. 00 1 412 sa. fl. 1 372 ~. fl. +1 600 1 295 SQ. fl. +4 700 1 445 sa. fl. -1300
Basamenl & Finished FULL BASEMENT FULL BASEMENT EXPOSED, FULL -3,000 FULL BASEMENT
Roams Below GnIde UNFINISHED UNFINISHED REC DEN P.R. -8000 UNFINISHED
Functional Utilitv AVERAGE AVERAGE AVERAGE AVERAGE
HeatinaiCaalina BBHW/CA FHAiCA FHAiCA FHAiCA
En8l1lY Efticient Items NONE THERMOPANES -4 000 THERMOPANES -4 000 THERMOPANES -4 000
GaragelCaroart 1 CAR GARAGE 1 CAR GARAGE 1 CAR GARAGE 1 CAR GARAGE
ParchlPatialDecit ENC'D PORCH PATIO +2 500 PATIO +2 500 PORCH
. FIREPLACE 1 FIREPLACE 1 FIREPLACE 1 FIREPLACE 1 FIREPLACE
. EXTRA'S NONE NONE HOT TUB -1 000 SHED FENCE -1 500
. Net Adlusbnenl (Totan IXI. I i. T$ 1600 1 I. IXI. i $ 14800 i i. rxl. 1$ 700
Adjusted Sale Price NeIAdJ. 0.9%1; NetAdI. -7.4~1~ Nel Adj. -0.4% I
of Comaarables Grass Ad' 9.5% $ 186 600 GrassAdl 14.6% $ 185 200 GrassAdI 14.4% $ 179 200
I lAJ did U did nol research the sale or Iran..... histaly of the subject property and comparable sales. ff nol, expjlin
MY research 1 l did I X did nol reveal anv ariar sales or Iran..... of the sub..... ~-'v lor the _ vears ariar to the 11I8clive date of this aoeraisll.
Data saurce(s) COUNTY DATA BASE.
MY re..1rch 1 1 did 1 X did not reveal anY nrinr sales or Iran...... of the comnorable sales lor the y.... prior to the dlte of SlIe of the comaarable sale.
Data saurcels\ COUNTY DATA BASE.
Reaart the results of thll r...arch and anolvsis of the ariar SlIe or lransf8r himarv of the sublect araaertv and com arable sales lroaart additional prior sales an caoe 3\.
ITEM SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SALE NO. 2 COMPARABLE SALE NO.3
Date of Prior SalelTran,. N/A N/A N/A N/A
Price of Prior SalelTram....
Data SaUlCl/s\ COUNTY DATA BANK COUNTY DATA BANK COUNTY DATA BANK COUNTY DATA BANK
EfIectiye Date of Data Sourcels\ NO DATE INDICATED NO DATE INDICATED NO DATE INDICATED NO DATE INDICATED
Analysis of prior sale or Iran"'" history of the subject property and comparable sales THERE HAS BEEN NO TRANSFERS OF THE SUBJECT IN THE LAST
THREE YEARS.
Summary of Sales Comparison Approach. MARKET DATA OF CLOSED SALES WAS SUFFICIENT TO ARRIVE AT AN OPINION OF VALUE.
CONDITION AD,JUSTMENTS BASED ON MULTI-LIST DESCRIPTIONS OF UPGRADES ON COMPARABLE SALES. ALL SALES
WERE CLOSED AND CONSIDERED EQUALLY WHEN ARRIVING AT MARKET VALUE.
Indicated Value bv Sa~,s Comaarisan Aaaraach $ 185 000
'ndl_ValueOV: !~Ie.Com_'oonA_.....hS 185 000 Coot__IIf_I_ S 184 300 Income__lWdo....,_S N/A
ALL THREE APPROACHES TO VALUE WERE CONSIDERED. HOWEVER MARKET AREA LACKS AN ADEQUATE NUMBER OF
RENTAL SALES 1'0 USE THE INCOME APPROACH. MOST WEIGHT WAS PLACED ON THE MARKET DATA APPROACH DUE
. TO THE AGE OF THE SUBJECT.
. This appraisal is made 00 "as is" 0 subject to completion par plIns and spaci1Ications an the basis of a hypothetical condition thai the improvemenis haw been completed,
o subject to the fallo,oing repairs or alterations an the basis of a hypothetical condition that the repairs or alterations have been completed, or 0 subject to the fallowing required
. inspection baud an th,. extraordinary assumption that the condition or detlciency does not requre elteration or repai: APPRAISED "AS-IS".
B..ed on a eompletll visual Inspection of the Interior and exterior ar... of the aubjeGt property, defined scope of work, statement of as.umption. and limiting
condition., and appraiser's certification. my (our) opinion of the market value, a. defined. of the r..l property tha.t I. the subject of this report is S 185.000
..01 03/28/20015 which I. the dme of In&I>>dIan and the effeettve date of this --aisal.
WOOF APPRAISAL GROUP
Uniform Residential Appraisal Report
File No. PVT8062
Fr8ddieMEFam7D~2<Xl5
~UIIlQACI"""lIXl.234.87Z1_."'ccm
P92af6
Woof Appraisal Group
FWI'lie .... Farm 1004 MiI'dl 2005
1004J)503300!5
.
.
:
COST APPROACH TO VALUE (not required by Fannie MH)
Provide adeoualo inlcrnnation ftJr the lender/client to reolicalo the below cost tIolRS and colculetion..
SUpport ftJr the opinion of site value (summery of comperable land saies or other method. ftJr eslinnating site value) LOT SALES FROM COMPETING AREAS WERE
RESEARCHED TO ARRIVE AT A SITE VALUE.
ESTIMATED I X II~EPROOUCTlON OR r 1 REPlACEMENT COST NEW OPINION OF SITIE VALUE............ .... .... ".......... ... = $ 62 000
~ Source of cost dalo MARSHALL & SWIFT DweIUno 1 412 So. FUll $ 94.00..... ...... = $ 132 728
auality ralino from cost servica AVE E_ dalo of cost dalo 0912005 BSMT: 1412 sa.FT. So. Fl ill $ 14.00.. ..... ... = $ 19768
Comments on Cost Aotroach {nmssliviM anaa colculation., da"'ecialion, etc.l ENCLOSED PORCH FIREPLACE 9680
SEE SKETCH ADDENDUM FOR BUILDING DIMENSIONS. 300 So. Fl.lIll $ 22.00. ......... = $ 6600
. COST DATA OBTAINED FROM MARSHALL VALUATION 168776
Tolol Estinnalo of CosI-New .......... . = $
SERVICE AND VERIFIED WITH LOCAL BUILDERS. Less 50 -""'1 1 Functional I External
Da"""'"'tion $50 633 I I = $( 50 633
Daorecialed Cost of Imnmvonnants . . . ... ... ...... .... ... .... = $ 118143
'As-is' Value of SiIa Imorovomonts. . . .... .... ... ... .... ..... = $ 4200
Estinnaled RennainiM E'conomic Life IHUD and VA onlv\ 85 Years iNDICATED VALUE BV COST APPROACH ... ",.,.., ....... = $ 184 300
INCOME APPROACH TO VALUE (not required by Fannie MH)
. Estimaled Monthlv Markot Rent $ NI A X Gross Rent Multiplier N/A = $ N/A Indicaled Value bv Income AIloroach
SUmmary of Income Approach (including support ftJr mer1<et rent and GRM)
PROJECT INFORMATION FOR PUDs (If applicable)
Is the davolooerlbuild... in control of the Homeowners' Association (HOAl? liVe. I INo Un~ Ivool.\ . r 1 Dalached I I Altacl1ed
Provida the Iollowino irlftJrnnation ftJr PUDs ONL V ~ the dovolo....lbuildor i. in controi of the HOA and the subiltd nmMtlv Is an a\lached dwalOno unil
Leaai name of oroiecl
Tolal number of ahasa. Tolal number of unita Tolal number of unita sold
. Tolal number of unita renled Total number of units ftJr sale Data sou_s\
We. the nm.... oreeted bv the conversion of an exlslino buildinnlsl into a PUD? I I Yes I I No W Ve., date of convarsion.
~ Does the oroiecl contain anv mullklwollino units? lives I lNo Data soll"COl.1
He the units, common ekJments, and reaeation facilities comptete? UVes DNo If No, desaibe the s1etu. of completion.
.
"'" the common ele,,,,,nts leased to or by the Homeowners' Association? UVe. UNo If Ve., dosaibe the renlal terms and options.
Desaibs common elernents and reaeational facilities.
WOOF APPRAISAL GROUP
Uniform Residential Appraisal Report
File No. PVT8062
Fredlh MIle Form 70 MIn::h 2OD5
~ UIilgACI._....8DO.234.8727 _...::iIIMD.com
Poge3016
Fannie MIa Form 1004 MIn::h 2005
1004_05033005
WOOF APPRAISAL GROUP
Uniform Residential Appraisal Report
File No. PVT8062
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a
unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit
in a condominium or cooperative project.
This appraisall report is subject to the following scope of work, intended use. intended user, definition of market value, statement of
assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user,
definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work
to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or
deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations
to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an
appraisal orgclnization, are permitted.
SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions
and limiting Cl)nditions. and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the
interior and alderior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at
least the streEil, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis.
opinions, and conclusions in this appraisal report.
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of
this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the lender/client.
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 sellElI" 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 or she considers his or her 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 com parables 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 c:omparable 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 markers reaction to the financing or
concessions based on the appraiser's judgment.
STATEMENT OF ASSUMPTIONS AND UMITING CONDITIONS: The appraiser's certification in this report is subject to the
following assumptions and limiting 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, except fllr information that he or she became aware of during the research involved in performing this appraisal. The
appraiser ass,umes that the title is good and marketable and will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The
sketch is included only to assist the reader 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 this appraisal report whether any portion of the subject site is located in an identified Special
Flood Hazarol 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, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, 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 reilearch involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no
knowledge 01' any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to,
needed repairs, deterioration, the presence of hazardous wastes, toxic substances. adverse environmental conditions. etc.) that
would make IIhe property less valuable. and has assumed that there are no such conditions and makes no guarantees or
warranties, express or implied. 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. this appraisal report must not be considered as an environmental assessment of the property.
6. 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 the completion, repairs, or alterations of the subject property will be
performed in a professional manner.
~ MIle Farm 70 M.ch 2005
Pn)duced uaIng ~I software, 800.234.8727 WWW.adwHI.I:om
PIIII:~cf6
Feme tMt Fam 1004 fMrdl 2005
1004_05033005
WOOF APPRAISAL GROUP
Uniform Residential Appraisal Report
File No. PVT8062
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this
appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of
the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability,
soundness, or structural integrity of the property.
3. I performed this appraisal in accordance with the requirements of 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 at the
time this appraisal report was prepared.
4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison
approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal
assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise
indicated in this report.
5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale
of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property
for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the
date of sale of the comparable sale, unless otherwise indicated in this report.
7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
8. I have nelt used comparable sales that were the result of combining a land sale with the contract purchase price of a home
that has beerl built or will be built on the land.
9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
property and the com parable sales.
10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11. I have knowledge and experience in appraising this type of property in this market area.
12. I am awllre of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
services, tax assessment records, public land records and other such data sources for the area in which the property is located.
13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
reliable soun:e5 that I believe to be true and correct.
14. I have talken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have
noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of
hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property
or that I bElCllme aware of during the research involved in performing this appraisal. I have considered these adverse conditions in
my analysiS of the property value, and have reported on the effect of the conditions on the value and marketability of the subject
property.
15. I have nlDt knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
statements <Ind information in this appraisal report are true and correct.
16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are
subject only to the assumptions and limiting conditions in this appraisal report.
17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective
personal intElI'est or bias with respect to the participants in the transaction. I did not base, either partially or completely, my
analysis andVor opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, 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 or on any other basis prohibited by law.
18. My employment andVor compensation for performing this appraisal or any Mure or anticipated appraisals was not conditioned
on any agre<:!lTlent or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined
specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the
attainment of a Specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan
application).
19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on
significant n!al property appraisal assistance from any individual or individuals in the performance of this appraisal or the
preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal
report. I ce<tify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to
any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.
20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered
and will recl!ive this appraisal report.
mddle Me Form 70 Mlrch 2005
Produced Ialng oIel softMl,., 800.234.8727 _.adweb.com
PegtSof6
Mmie MeI Form 1004 r.wdl 2005
1004_05033005
WOO1" APPRAISAL GROUP
Uniform Residential Appraisal Report
File No. PVT8062
21. The lendEil'/c1ient may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower;
the mortgagl!l! or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market
participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality
of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or
supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or
distributed to any other party (including, but not limited to, the public through advertising, pUblic relations, news, sales, or other
media).
22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws
and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that
pertain to dis(~osure or distribution by me.
23. The borrclWer, another lender at the request of the borrower, the mortgaglll! or its successors and assigns, mortgage insurers,
government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any
mortgage finslnce transaction that involves anyone or more of these parties.
24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal
report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a
paper version of this appraisal report were delivered containing my original hand written signature.
25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal
penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section
1001, et seq., or similar state laws.
SUPERVlSOIRY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrl!l!S that:
1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agrlll! with the appraiser's
analysis, opinions, statements, conclusions, and the appraiser's certification.
2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis,
opinions, statements, conclusions, and the appraiser'S certification.
3. The appraiser identified in this appraisal report is either a sub-contractor or an emploYlll! of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies 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 at the time this appraisal
report was prepared.
5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal
report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a
paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature~~~
Name REYNbLD R. WOOF, JR. IF S
Company NSlme WOOF APPRAISAL GROUP
Company Address 302 S. FRONT STREET
WORMLEYSBURG, PA 17043-1338
Telephone Number (717) 975-9411
Email Addre.sREYWOOF@AOL.COM
Date of Sign:~ture and Report 0312912006
Effective Date of Appraisal 03128/2006
State Certification # GA-000002-L
or State License #
or Other (de.cribe) State #
State PA
Expiration D;~te of Certification or License 0613012007
PA CERTIFIED GENERAL REAL ESTATE APPRAISER
ADDRESS OF PROPERTY APPRAISED
12 ROUND HILL ROAD
CAMP HILL. PA 17011
APPRAISED VALUE OF SUBJECT PROPERTY $185,000
Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
SUBJECT PROPERTY
B Did not inspect subject property
Did inspect exterior of subject property from street
Date of Inspection
o Did inspect interior and exterior of subject property
Date of Inspection
LENDER/CLIENT
Name
Company N:~me ROSE MARY DURHAM
Company Address 3880 SULLIVAN STREET
MECHANICSBURG, PA 17050-2167
Email Address
COMPARABLE SALES
B Did not inspect exterior of comparable sales from strlll!t
Did inspect exterior of comparable sales from street
Date of Inspection
Fradr:Ie ME Farm 70 fA'cttlOO5
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Woof Appraisal Group
ADDENDUM
Borrower.
Property Address: 12 ROUND HILL ROAD
City: CAMP HILL
Lender. ROSE MARY DURHAM
File No.: PVT8062
Case No.:
State: PA Zip: 17011
STATEMENT OF ADDITIONAL LIMITING CONDITIONS AND ASSUMPTIONS
THIS APPRAISAL REPORT HAS BEEN PERFORMED FOR THE CLIENT INDICATED IN THE
PRECEDThrG, WITH WHOM PROFESSIONAL STANDARDS REQUIRES ME TO MAINTAIN A
STRICT REQUIREMENT OF CONFIDENTIALITY.
THE APPRAISER IS NOT A HOME INSPECTOR, THE APPRAISER ONLY PERFORMED A
VISUAL ThfSPECTION OF THE ACCESSIBLE AREAS AND THE APPRAISAL CANNOT BE
RELIED UPON TO DISCLOSE CONDITIONS AND/OR DEFECTS IN THE PROPERTY.
I, BY REASON OF THIS REPORT, AM NOT REQUIRED TO GIVE TESTIMONY IN COURT
WITH REFERENCE TO THIS APPRAISAL. IF ANYONE WISHES MY APPEARANCE, IT CAN
BE ARRANGED ONLY BY PRIOR ARRANGEMENT BEING MADE WITH ME. SUCH
APPEARAJ"lCES SHALL BE MADE AS AN EXPERT WITNESS AND THE FEE FOR SUCH
APPEARAJ"lCES SHALL BE AT THE RATE OF $125/HOUR PORTAL TO PORTAL, PLUS ANY
REASONABLE COST INCURRED BY ME.
PURPOSE:
THE PURPOSE OF THIS APPRAISAL IS TO ESTIMATE THE MARKET VALUE OF THE FEE
SIMPLE INTEREST IN THE TITLE OF THE PROPERTY. THE VALUE IS AS OF THE DATE OF
THE APPRAISAL, WHICH IS THE DAY THE PROPERTY WAS LAST VIEWED IN ITS
ENTIRETY AND PHOTOGRAPHED.
SIGNAllJRE:
THE ELECTRONIC SIGNATURE USED IN THIS REPORT ARE PROTECTED BY THE
APPRAISER AND ONLY THE APPRAISER HAS COMPLETE CONTROL OF THE SIGNATURE.
ADDmONAL CERTIFICATION:
THE INTENDED USER OF THIS APPRAISAL REPORT IS THE CLIENT. THE INTENDED USER
IS TO EVALUATE THE PROPERTY THAT IS THE SUBJECT OF THIS APPRAISAL FOR AN
ESTATE, SUBJECT TO THE STATED SCOPE OF WORK, PURPOSE OF THE APPRAISAL,
REPORTThfG REQUIREMENTS OF THIS APPRAISAL REPORT FORM, AND DEFINITION OF
MARKET VALUE. NO ADDmONAL INTENDED USERS ARE IDENTIFIED BY THE
APPRAISER
Addendum Page 1 of 1
Borrower:
Properly Address: 1:1 ROUND HILL ROAD
City: CAMP HILL
Lender: ROSE MAF~Y DURHAM
State: PA
Zip: 17011
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: MARCH 28. 2006
Appraised Value: $185.000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Borrower:
Property Address: 12 ROUND HILL ROAD
City: CAMP HILL
Lender: ROSE MARY DURHAM
COMPARABLE PROPERTY PHOTO ADDENDUM
File No.: PVT8062
Case No.:
State: PA
Zip: 17011
COMPARABLE SALE #1
11 ROUND HILL ROAD
CAMP HILL
Sale Date: 09/14/2005
Sale Price: $ 185,000
COMPARABLE SALE #2
532 JOYCE ROAD
CAMP HILL
Sale Date: 0212112006
Sale Price: $ 200,000
COMPARABLE SALE #3
519 SUSAN ROAD
CAMP HILL
Sale Date: 11/28/2005
Sale Price: $ 179,900
Borrower: FileNo.: PVT8062
Property Address: 12 ROUND HILL ROAD Case No.:
City: CAMP HILL. State: PA Zip: 17011
Lender: ROSE MARY DURHAM
16.0'
b
N
Bedroom
20.0' 12.0'
l
Enclosed I~
Porch
Bedroom Dining Room Kitchen
b
....:
.... b
M
'"
Bath
b
Bath Garage on
N
Living Room
Bedroom I
,-q 20.0' 12.0'
N
16.0'
Sketch by Ape>< IV Windows 1M
AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN
Codtt Description Size Totals Bre.kdown Su_1s
GLAl Fi.rst noar 1412.00 1412.00 First P'1oor
1lSIft' Ba.~t. 1412.00 1412.00 20.0 x 33.0 660.00
PIP ENCLOSED POl<Cll 96.00 96.00 16.0 x 47.0 752.00
GAR Gar_ 300 . 00 300.00
TOTAL LIVABLE (rounded) 1412 2 Areas Total (rounded) 1412
]
FLOORPLAN
LOCATION MAP
Borrower:
ProPerty Address'12 R
City: CAMP HilL.' OUND Hill ROAD
lender: ROSE MARY DURHAM
State: PA
File No,: PVTB062
Case No.:
Zip: 17011
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WOOF APPRAISAL GROUP
Rle No. PVT8062
UUUUA INVOICE AUUUU
File Number: PVT8062
ROSE MARY DURHAM
3880 SULLIVAN STREET
MECHANICSBURG, PA 17050-2167
BclCTOwer :
Invoice # :
Order Date :
PVT8062
03/27/2006
1:C~ ROUND HILL ROAD
CAMP HILL, PA 17011
APPRAISAL
$
$
300.00
Invoice Total
Deposit
Deposit
$
($
($
300.00
300.00 )
)
Amount Due
$
0.00
T,:lI'111s: PAID IN FULL
Please Make Check Payable To:
N/A
Fed. 1.0. #: