Prepared By:

Gerald Pollack

Gerald and Associates 5510 Morehouse Drive San Diego, CA 92121 Office: 8583626152 Mobile: 8585350784 Email: Gerald.Pollack@homes.com

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The accuracy of all information is deemed reliable, but is not guaranteed.

Gerald Pollack
Affiliation
Gerald and Associates 5510 Morehouse Drive San Diego, CA 92121 Office 8583626152 Mobile 8585350784

Experience Education Professional Associations Personal Information

Homes Media Solutions

The accuracy of all information is deemed reliable, but is not guaranteed.

Our Company
We have been conducting business in the local area for many years. We have and continue to work hard to gain the respect of these many distinguished communities. This recognition is built upon a respect for our clients and neighbors. We hope your experience with us will further this reputation of personalized service and client satisfaction. Our company is comprised of people who live and work in the surrounding communities. We have personal knowledge of each neighborhoods nature, and growth possibilities. Based on this we hope to find the perfect fit for you and your family. Every community is different. Whether your focus is schools, shopping, transportation, or recreational facilities our associates will draw upon their knowledge of the local areas to find the ideal property to meet your needs. We supplement this high-touch philosophy, with a high tech edge. We have quick access to local MLS computers and software to help us analyze local market conditions. If you are one of the growing number of real estate investors, our commercial division is more than capable to provide our clients with commercial and income property opportunities. Our best asset is our people. Our dedicated and talented staff of professionals will make every effort to make sure your transaction goes as smoothly as possible. We understand that we need to earn your business. We hope the level of detail found within this Comparative Market Analysis helps you with your decision making process. We want to do as much as possible to give you the information you need to price and market your most valuable asset - your home.

Prepared by Gerald Pollack

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The accuracy of all information is deemed reliable, but is not guaranteed.

Understanding the Buying Process

Do you really need to hire a real estate professional to help you buy a property? It depends if you have the time. A real estate professional brings the Experience, Contacts, and sources of information, to get the job done right. Without a real estate professional would it go as smooth as it could? Would it give you more time with your family? Would you be able to negotiate a better price? The buyers professional agent does a lot more than find a property to earn their commission: Pre-qualification You need to determine your buying power. Buyer power is defined by your financial reserves plus your borrowing capacity. This keeps your search goals realistic. Given information about your available savings, income and current debt, a real estate professional can refer you to the best-qualified lenders to help you. Selecting The Right Property Target your Searching. There are thousands of properties for sale. A real estate agent can help you focus on the ones that meet your budget and requirements. Knowing where to look. Sometimes the home you are seeking is available but not publicly advertised. Real estate professionals have many resources to assist you. Being objective. Only you can make the final decision of the right property. A real estate professional can provide objective information about each home (neighborhood data, utilities, schools, zoning, etc.) so your decision is well informed, considering today and a future resale.

Negotiating concerns much more than just agreeing to a fair price. Some of these other issues might be: Terms and Financing. Date of Possession. The inclusion/exclusion of repairs or furnishings and distribution of incidental costs. Time for inspections before you are bound to complete the purchase. A real estate professional can advise you to which inspections are required or recommended.

Monitoring Managing the daunting amount of steps. The process of appraisals, inspections, and financing involves a lot of possible challenges. Many required legal forms and processes need to be completed and the process managed correctly.

Renegotiating and Closing/Settling Experience reading and following complicated escrow instructions. Your real estate professional is the best person to objectively help you understand these issues and move the transaction to closing/settlement. Organizing inspectors and other professionals involved in the transaction. Your agent can meet and negotiate regarding repairs needed to complete your contract. Industry contracts provide great resources for other professionals in many areas with knowledge as to their past skill and reliability.

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Buyer Consultation

Item
Explain the need to meet with a Lender to determine if buyer is qualified to buy Review overall market conditions Explain the risks of HUD, Short Sales, and Foreclosure Properties Review Search Criteria and identify "Must Haves" Find out what neighborhood and school information may be important Describe the necessary financial documents the Lender will need Identify homes to tour onsite Sign Buyer Broker Agreement (a.k.a. Exclusive Representation Agreement) Conduct the Buyer Tour Discuss offer strategies and terms and make the offer Explain the importance of critical time periods Choose a licensed Home and Termite Inspector
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Completed

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Buyer Consultation

Item
Discuss the benefits of a Home Warranty Select a Home Insurance provider

Completed

Prepared by Gerald Pollack

Homes Media Solutions

The accuracy of all information is deemed reliable, but is not guaranteed.

Prepared by Gerald Pollack

Homes Media Solutions

The accuracy of all information is deemed reliable, but is not guaranteed.

Tour Analysis

Number of Listings Lowest List Price Average List Price Highest List Price Average Price/SqFt Average DOM

4 $1,195,000 $1,442,500 $1,700,000 $1,312 107

455 Hilledge Dr

822 La Vista Dr

820 La Vista Dr

670 Virginia Park Dr $0 $250,000 $650,000 $1,050,000 $1,500,000

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The accuracy of all information is deemed reliable, but is not guaranteed.

Map of Tour Properties

Prepared by Gerald Pollack

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Tour Properties Map Listing Index

Order #
1 2 3 4

Address
670 Virginia Park Dr 820 La Vista Dr 822 La Vista Dr 455 Hilledge Dr

Date Listed
12/18/2009 9/3/2009 1/28/2008 2/17/2006

Listing Price
$1,195,000 $1,395,000 $1,480,000 $1,700,000

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The accuracy of all information is deemed reliable, but is not guaranteed.

Driving Directions
Total Distance: 109.41 mi (about 79 min) 92109
Distance: 108.01 mi (about 74 min) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Depart Oliver Ave toward Haines St Turn left onto Ingraham St Turn right onto Grand Ave Bear left onto Balboa Ave Keep straight onto Garnet Ave / Garnet St Turn left onto Mission Bay Dr Take ramp right and follow signs for I-5 North At exit 79, take ramp right for CA-1 toward Beach Cities Bear right onto CA-1 Turn right onto Legion St Turn left onto Park Ave, and then immediately turn right onto Blumont St Turn right onto Virginia Park Dr Arrive at 670 Virginia Park Dr, Laguna Beach, CA 92651-1951 0.28 mi (about 1 min) 0.32 mi (about 2 min) 0.62 mi (about 1 min) 0.81 mi (about 2 min) 0.81 mi (about 1 min) 0.4 mi (about 2 min) 88.56 mi (about 47 min) 1.16 mi (about 1 min) 14.3 mi (about 18 min) 0.41 mi (about 2 min) 0.1 mi (about 1 min) 0.22 mi (about 1 min) 0 mi (about 0 min)

670 Virginia Park Dr, Laguna Beach, CA 92651

Distance: 0.69 mi (about 3 min)
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Driving Directions
670 Virginia Park Dr, Laguna Beach, CA 92651
Distance: 0.69 mi (about 3 min) 1. 2. 3. 4. 5. Depart Virginia Park Dr toward Blumont St Turn left onto Blumont St, and then immediately turn left onto Park Ave Turn left onto Manzanita Dr Turn left onto La Vista Dr Arrive at 820 La Vista Dr, Laguna Beach, CA 92651-1952

0.2 mi (about 1 m

0.22 mi (about 2

0.21 mi (about 1

0.06 mi (about 1

0 mi (about 0 mi

820 La Vista Dr, Laguna Beach, CA 92651

Distance: 0.02 mi (about 1 min) 1. 2. Depart La Vista Dr Arrive at 822 La Vista Dr, Laguna Beach, CA 92651-1952 0.02 mi (about 1

0 mi (about 0 min

822 La Vista Dr, Laguna Beach, CA 92651

Distance: 0.7 mi (about 2 min) 1. 2. 3. 4. 5. 6. Depart La Vista Dr toward Manzanita Dr Turn right onto Manzanita Dr Turn right onto Park Ave Turn right onto Blumont St Turn right onto Hilledge Dr Arrive at 455 Hilledge Dr, Laguna Beach, CA 92651-1916 0.08 mi (about 1 0.21 mi (about 1 0.15 mi (about 1

0.14 mi (about 1 m

0.12 mi (about 1 m

0 mi (about 0 min

 &nb
Prepared by Gerald 455 Hilledge Dr, Laguna Beach, CA 92651 Pollack

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Driving Directions
455 Hilledge Dr, Laguna Beach, CA 92651

 &nb

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Homes Media Solutions

The accuracy of all information is deemed reliable, but is not guaranteed.

Tour Property Recently Sold

670 Virginia Park Dr City/Area: Laguna Beach, CA 92651 Beds: 2 Baths: 2 Sq. Ft.: N/A Year/Age: 1929 Lot Size: 4,675.00 Map Code: 950H3 MLS#: L31672 List Price: $1,195,000 Sold Price: $1,175,000 $/Sq. Ft.: N/A List Date: 12/18/2009 Sold Date: 04/02/2010 Expired Date: DOM/MT: 71 # 1

670 Virginia Park Dr

Interior Features: Fireplace: Y; Exterior Features: Garage: 1; Lot Features: Remarks: FOLLOW THE FLOWER LINED MEANDERING PATH TO THE SECLUDED DUTCH DOOR, AND ENTER THIS BRIGHT INVITING COTTAGE. THE LARGE WINDOWS IN THE CATHEDERAL CEILING LIVING ROOM INVITE THE LUSH SERENE GARDENS IN, AND THE BRICK FIREPLACE, BEAUTIFUL WOOD FLOORS, AND FRENCH DOORS ADD TO THE COMFORT OF THIS HOME. THERE IS A SPACIOUS OCEAN VIEW DECK, AND PRIVATE PATIO AREA FOR ENTERTAINING OR JUST RELAXING, AND THE VIEW FROM THE NEWER REMODELED OPEN KITCHEN MAKES COOKING A PLEASURE. LOCATED ON ONE OF THE BEST CITY AND BEACH CLOSE QUIET CUL-DE-SAC STREETS IN LAGUNA BEACH.

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Tour Property Recently Sold

820 La Vista Dr City/Area: Laguna Beach, CA 92651 Beds: 3 Baths: 2 Sq. Ft.: N/A Year/Age: 1956 Lot Size: 6,550.00 Map Code: 950H3 MLS#: L30869 List Price: $1,395,000 Sold Price: $1,380,000 $/Sq. Ft.: N/A List Date: 09/03/2009 Sold Date: 04/06/2010 Expired Date: DOM/MT: 216 # 2

820 La Vista Dr
Interior Features: Fireplace: Y; Exterior Features: Garage: 3; Lot Features: Remarks: Location, location, location! A three bedroom home with a view of Catalina and the city close to Laguna Beach High School, Anneliese Pre-school, tennis courts, swiming pool, stores, restaurants, beaches; all walking distance away. The home is on a quiet Cul-de-Sac and has a THREE car garage! Plans for a second story, approved by Design Review Board, soft contemporary design are included. This home offers quiet solitude and the proximity to action as well. What a bargain!! Seller financing up to 90% available! Home currently leased, please respect the tenants' privacy. Tenants are very cooperative and understand that the home is for sale.

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The accuracy of all information is deemed reliable, but is not guaranteed.

Tour Property Recently Sold

822 La Vista Dr City/Area: Laguna Beach, CA 92651 Beds: 3 Baths: 2 Sq. Ft.: N/A Year/Age: 1956 Lot Size: 6,100.00 Map Code: 950h3 MLS#: L25352 List Price: $1,480,000 Sold Price: $1,425,000 $/Sq. Ft.: N/A List Date: 01/28/2008 Sold Date: 06/05/2008 Expired Date: DOM/MT: 129 # 3

822 La Vista Dr
Interior Features: Fireplace: Y; Exterior Features: Garage: 2; Lot Features: Remarks: Best Buy in Laguna !!! Price Reduced...This home is located on one of the rarely available streets in Laguna Beach with great ocean views and close to downtown, beaches, parks and high school. This home offers endless possibilities for expansion or remodel with a large ocean and city view lot. Don't forget to see the ocean view covered patio at the rear of the property, worth the walk. Enjoy as is or dream the possibilities!

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Tour Property Recently Sold

455 Hilledge Dr City/Area: Laguna Beach, CA 92651 Beds: 3 Baths: 2 Sq. Ft.: 1,296 Year/Age: 1938 Lot Size: 5,264.00 Map Code: 950H3 MLS#: L19499 List Price: $1,700,000 Sold Price: $1,700,000 $/Sq. Ft.: $1,312 List Date: 02/17/2006 Sold Date: 05/18/2006 Expired Date: DOM/MT: 12 # 4

455 Hilledge Dr
Interior Features: Fireplace: Y; Exterior Features: Garage: 2; Lot Features: Remarks: Panoramic ocean views to Catalina. Old Laguna charm, first time on market in more than 35 years. This charming home in the village will amaze you w/endless possibilities. This unique opportunity is like a painters blank canvas, but you get to be the artist! Custom hand crafted cabinetry through out. Wow! Kitchen cabinets are natural cherry. Master & middle bedrooms are red oak. Original hardwood oak floors in living, dining and hall. Master craftsman made front door w/ opulescent glass.

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The accuracy of all information is deemed reliable, but is not guaranteed.

Loan Analysis
Sample Monthly payment based on Principal, Interest, Taxes, and Insurance #
1

Address

Price

Loan 1
7.00%

Loan 2
7.00%

Loan 3
6.00%

670 Virginia Park Dr

Down Payment:

$1,195,000

$9,334
$119,500

$7,356
$239,000

$7,444
$119,500

820 La Vista Dr
Down Payment:

$1,395,000

$10,896
$139,500

$8,587
$279,000

$8,690
$139,500

822 La Vista Dr
Down Payment:

$1,480,000

$11,560
$148,000

$9,111
$296,000

$9,219
$148,000

455 Hilledge Dr
Down Payment:

$1,700,000

$13,279
$170,000

$10,465
$340,000

$10,590
$170,000

Loan Scenarios
Loan 1: Loan 2: Loan 3: Term 20 Years 30 Years 30 Years Rate 7.00% 7.00% 6.00% Down 10.00% down 20.00% down 10.00% down Tax 1.00% tax 1.00% tax 1.00% tax Insurance Rate 0.00% 0.00% 0.00%

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The accuracy of all information is deemed reliable, but is not guaranteed.

Buyer Comment Sheet

670 Virginia Park Dr

City/Area: List Price:
Beds: 2 Sq. Ft.: 0 Lot Size: 4675

Laguna Beach, CA 92651 $1,195,000

Baths: 2 Showing Appeal: Overall Condition::

Poor (1)

Average (2)

Good (3) Excellent (4)

Comments:

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Buyer Comment Sheet

820 La Vista Dr
City/Area: List Price:
Beds: 3 Sq. Ft.: 0 Lot Size: 6550

Laguna Beach, CA 92651 $1,395,000

Baths: 2 Showing Appeal: Overall Condition::

Poor (1)

Average (2)

Good (3) Excellent (4)

Comments:

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The accuracy of all information is deemed reliable, but is not guaranteed.

Buyer Comment Sheet

822 La Vista Dr
City/Area: List Price:
Beds: 3 Sq. Ft.: 0 Lot Size: 6100

Laguna Beach, CA 92651 $1,480,000

Baths: 2 Showing Appeal: Overall Condition::

Poor (1)

Average (2)

Good (3) Excellent (4)

Comments:

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Buyer Comment Sheet

455 Hilledge Dr
City/Area: List Price:
Beds: 3 Sq. Ft.: 1296 Lot Size: 5264

Laguna Beach, CA 92651 $1,700,000

Baths: 2 Showing Appeal: Overall Condition::

Poor (1)

Average (2)

Good (3) Excellent (4)

Comments:

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Estimate of Funds Required From Buyer

Low Middle High

Price
Down Payment Loan Fee Document Fee Appraisal Escrow Fee ALTA Title Recording Fees Misc. Charges

$169,900
$33,980 $1,359 $150 $350 $472 $100 $50 $250 $36,711

$247,000
$49,400 $1,976 $150 $350 $607 $100 $50 $250 $52,883

$247,000
$49,400 $1,976 $150 $350 $607 $100 $50 $250 $52,883

Total

Net1

Net2

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The accuracy of all information is deemed reliable, but is not guaranteed.