Researched and prepared by

Subject Property

,
Prepared exclusively for

Mike Fozounmayeh
Prepared on October 11, 2011

523 Encina Menlo Park, 94025 Tuesday, October 11, 2011

Summary of Comparable Listings

This page summarizes the comparable listings contained in this market analysis.

Sold (Closed Sale) listings Address 523 535 559 519 515 Encina Encina Placitas San Benito Palmer

L/S Price $2,235,000 $2,289,000 $1,735,000 $1,800,000 $2,014,750

Bd 5 5 5 5 5.00

Bth 5.00 5.00 5.00 6.00 5.25

Sqft 3,500 4160 5000 3240 3176 3894

$/Sq $537 $458 $535 $567 $524

Age 0 5 19 0 0

Date
08/15/2011 08/10/2011 10/24/2010 05/02/2011

DOM 56 207 167 7 109

Median:$2,017,500 Average:$2,014,750

Researched and prepared by Manzar Azari 415-377-4115

523 Encina Menlo Park, 94025 Tuesday, October 11, 2011

CMA Price Adjustments

This page outlines the subject property versus comparables properties.

Subject Property 523 ENCINA MLS# Status List Price List Date Sold Price Sold Date Menlo Park City County Area / Fair Oaks Ave Area Single Family Residential Sub Prop DOM Beds Baths Fireplaces Parking Grg Desc Sqft Acres Cool District Age Utility Remarks:

Details 535 Encina 81127254 Sold (Closed Sale) $2,400,000 06/20/2011 $2,235,000 9/16/2011 Menlo Park County Area / Fair Oaks Ave Single Family Residential 56 5 5
Wood Burning Fireplace

Adjust

0 0 0

0 0 0 Wood Burning Fireplace

Details 559 Placitas 81125929 Sold (Closed Sale) $2,338,000 06/10/2011 $2,289,000 9/13/2011 Menlo Park County Area / Fair Oaks Ave Single Family Residential 207 5 5

Adjust

0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 Car Garage

Attached, Guest Parking, 2 Car Garage

0 0 Attached, Electric Door or Gate

Opener, Guest Parking, Off

3500 Central Air Conditioning Redwood City Elementary 0

4160 Central Air Conditioning Redwood City Elementary 5

0 0 0 0 0 0

5000 No Cooling Redwood City Elementary 19

Gorgeous 6 BR, 4.5 BA state-of-the-art residence. Polished stone surfaces, hardwood floors, high ceilings, custom designer light fixtures, venetian plaster walls & a grand master suite are only a few of the many highlights!

Come home to a bit of England with this striking 2006 Tudor manor. Lovely traditional details plus updated amenities thru-out. Stunning, lushly planted gardens with a myriad of roses & heritage Oaks. Very private setting on a canopied 2 block drive. Gorgeous FR,formal LR & DR, nursery/office, grd floor bed suite, spacious laundry room. Charming garden shed & much more.

Stunning 5,000 +/- sq. ft. custom home on nearly half acre with 1BR/1BA guest cottage at end of cul-de-sac. Elegant living room, formal dining room, gourmet kitchen overlooks family room, exquisite master suite with private bath. Lovely landscaped backyard.

Price Total Adjustments Adjusted Price

$2,235,000 $0 $2,235,000

$2,289,000 $0 $2,289,000

Researched and prepared by Manzar Azari 415-377-4115

523 Encina Menlo Park, 94025 Tuesday, October 11, 2011

CMA Price Adjustments

This page outlines the subject property versus comparables properties.

Subject Property 523 ENCINA MLS# Status List Price List Date Sold Price Sold Date Menlo Park City County Area / Fair Oaks Ave Area Single Family Residential Sub Prop DOM Beds Baths Fireplaces Parking Grg Desc Sqft Acres Cool District Age Utility Remarks:

Details 519 San Benito 81022915 Sold (Closed Sale) $1,795,000 05/10/2010 $1,735,000 11/30/2010 Menlo Park County Area / Fair Oaks Ave Single Family Residential 167 5 5
Gas Log Only Fireplace

Adjust

0 0 0

0 0 0 Clean Air Certified Fireplace, Gas

Starter in Fireplace

Details 515 Palmer 81118000 Sold (Closed Sale) $1,749,000 04/25/2011 $1,800,000 5/31/2011 Menlo Park County Area / Fair Oaks Ave Single Family Residential 7 5 6

Adjust

0 0 0 0 0 0 0 0 0 0 0 0 0 0

2 Car Garage

Attached, 2 Car Garage

0 0 Detached, Electric Door or Gate 0 0 0 0 0 0

Opener, 2 Car Garage, Off Street

3500 Central Air Conditioning Redwood City Elementary 0

3240 No Cooling Redwood City Elementary 0

3176 No Cooling Redwood City Elementary 0

Gorgeous 6 BR, 4.5 BA state-of-the-art residence. Polished stone surfaces, hardwood floors, high ceilings, custom designer light fixtures, venetian plaster walls & a grand master suite are only a few of the many highlights!

Beautifully crafted new construction by Cerros Partners w/ charm & attention to detail.Two story formal entryway w/ sweeping staircase.Formal living room w/ bay windows & fireplace, formal dining room, expansive family room opens to the gourmet kitchen.5 bedrooms 4.5 baths.Large master suite w/ 2 closets & lux master bath. Additional ground floor guest suite w/ own entryway.Gorgeous!

East Coast tradition meets West Coast ingenuity in this gorgeous new 5bd/5.5ba Nantucket style custom built home. Located at rear of gated drive, floor plan offers large formal living & dining rooms, family room, chef?s kitchen w/dining area, plus 1 bedroom suite on 1st level. Bedroom suites, stunning master suite & laundry room on 2nd level. Lovely bamboo floors, hi-ceilings, fully landscaped.

Price Total Adjustments Adjusted Price

$1,735,000 $0 $1,735,000

$1,800,000 $0 $1,800,000

Researched and prepared by Manzar Azari 415-377-4115