ZipRealty Listing Presentation 2009

PROPERTY ADDRESS: 1865 CLAY ST #1 San Francisco, CA 99410 PREPARED FOR: Ed Milovic and Carolyn ejmilovic@hotmail.com 925.371.8450

PRESENTED BY: Lynne Palmer lynne.palmer@ziprealty.com 925.586.3286 March 20, 2009

ZipRealty offers you a winning combination of technology, service and support. And we have over 0 buyers searching for homes in your area!

•

We're experts at selling homes in your neighborhood. We've helped over 53,000 people sell and buy homes in your neighborhood.

•

We work as a team, so you get the best service possible. In addition to your ZipRealty home sale team (your agent, district broker, listing and transaction coordinators and more), we also partner with title, mortgage and escrow companies to help you coordinate your home sale details more easily.

•

Your satisfaction is guaranteed! We're so sure that you'll enjoy working with us that we provide you with a service guarantee of $250 - and we're the only real estate company to do so!1

1

See website for details.

2

Nearly 50,000 ZipRealty clients have responded to our closed client survey as of 2/28/2009.

Lynne Palmer To purchase or sell a home is probably the largest financial and emotional decision you will make in your lifetime. It can be a complex overwhelming process. The trust you give the professional who assists you in this process is as valuable as the home itself. That is why I chose to become a Realtor. I believe in working hard to earn that trust. To do that, I have to work with you as a partner to make the experience as enjoyable as possible. Finding the "perfect" home or negotiating the "best" price for my clients is a personal matter for me. And it doesn't stop there. My overriding goal is "Customer Satisfaction". That means I will be with you every step of the way, explaining, reassuring and listening. Even after the close of escrow, "I am available to you for all of your real estate needs."

My Experience •

Licensed Realtor since 1993

•

5 years of transaction coordination experience

•

2 years of escrow and title experience

•

Specializing in residential property (single family, condos/townhomes & new construction) Experienced negotiator representing buyers on the purchase of Bank Owned Homes, as well as years of experience representing both buyers & sellers on Short Sale transactions.

•

Top Sales Agent and Top Listing Agent Awards - 2003, 2004, 2005, 2006, 2007

•

ZipRealty President's Club Q3 2005

Credentials •

GRI

•

California Real Estate License

•

Local Chapter Treasurer of Womens Council of Realtors 1996

Communities •

Local Resident Since 1990

We've built our selling model around capturing that ever-growing audience, and delivering them to your home.

Your home is everywhere an online buyer will be looking We use the web to its full potential by marketing your home on the most popular real estate websites, making your home available to over 20 million online visitors per month!1

1

According to Realtor.com Monthly Internet Traffic Report.

In addition to capturing buyers' attention online, we also effectively market your home "on the street." We'll make sure that everyone - from the buyers scoping out your neighborhood on foot, to the agents in your community - knows that your home is for sale and ready to go.

Outside Exposure • ZipRealty "For Sale" sign attracts foot and car traffic.

• Professional, high quality brochures showcase your home's top features for passers-by.

Open House • We'll host an open house and advertise it in the local newspaper.

While curb appeal is key to the successful sale of your home, we know that grass-roots marketing is an important factor as well. That's why we promote your home at a community level and work with agents and brokers from other companies to get your home sold.

Your Community We promote your home to the local agent community by: • Listing your home in the local Multiple Listing Service (MLS).

• Contacting brokers at other companies to ensure they know the special features of your home.

• Hosting brokers' tours for local buyers' agents.

Your ZipAgent's Network We market directly to your ZipAgent's network by: • Alerting all ZipAgents in your area when your home goes on the market.

• Showcasing your home by hosting ZipRealty buyers' agents, who will provide feedback from their clients on your property.

• Notifying the 0 buyers searching at ZipRealty.com in your area.

*Source: National Association of REALTORS® Profile of Home Buyers and Sellers 2007

Our innovative Seller Dashboard shows you what's happening with your home sale 24/7:

Regular reporting keeps you informed My team and I are dedicated to keeping you in the loop during the duration of your home sale.

•

Weekly Status Call I'll be in touch with you at a minimum of once a week with updates.

•

Buyer's Feedback We actively survey the agents who've brought their buyers to your home to find out what they think and gauge their interest.

•

90-Day Review Every 90 days ZipRealty's Listing Council will thoroughly review market conditions and buyer's feedback, then recommend fresh strategies to get your home sold.

LEGEND

Comparable Properties

Active

Pending

Sold

1. 1945 WASHINGTON ST #603, Pacific Heights, CA 94109 List Price: $749,000 Proximity 0.1 miles Bed 2 Baths 2 Half Baths N/A

Date Listed 12/29/08 List Price $749,000

Price Per N/A Sq. Ft.

Year Built 1987 Lot Size

Sq. Ft. 0 BEST VALUE 2 BEDS/2 BATHS CONDO IN PRIME PACIFIC HEIGHTS. BEAUTIFULLY RENOVATED VERY QUIET REAR UNIT. BRAND NEW GRANITE COUNTERTOP, NEW APPLIANCES, TILED FLR. IN-UNIT WASHER/DRYER. FRESH PAINT THROUGHOUT. HARDWOOD FLRS THROUGHOUT CARPETS IN BDRMS. SPACIOUS MIRROR-CLOSETS. ROOF GARDEN WITH PANORAMIC VIEWS. FULLY EQUIPPED GYM. HALF BLOCK TO...

2. 1859 VALLEJO ST #4, Pacific Heights, CA 94123 Proximity 0.4 miles Bed 3 Baths 3 Half Baths 1

List Price: $1,275,000 Date Listed 10/06/08 List Price $1,275,000

Price Per 661 Sq. Ft.

Year Built 1909 Lot Size

Sq. Ft. 1,928 CIRCULAR FLR PLAN IN SUNNY REAR TOP-FLOOR CONDO. VERY QUIET,CLASSIC DETAILS, MASSIVE FIREPLACE,HW, GRANITE AND STAINLESS KITCHEN. 3RD BEDROOM HAS 1/2 BATH;2 DECK, ONE PANO RF DECK RIGHT ABOVE CONDO.STORAGE, PRK,STELLAR LOC, LOW DUES

3. 1650 JACKSON ST #404, Nob Hill, CA 94109 Proximity 0.2 miles Bed 1 Baths 1 Half Baths N/A

List Price: $665,000 Date Listed 01/09/09 List Price $665,000

Price Per 760 Sq. Ft.

Year Built 1991 Lot Size

Sq. Ft. 875 STYLISH & SOPHISTICATED ONE BEDROOM, ONE BATH, + OFFICE/STUDY ALCOVE, + 15'*7' COVERED BALCONY, PET FRIENDLY BUILDING... STACKABLE/WASHER DRYER, CUSTOM PAINT, NEW CARPET, 1 CAR SECURE PARKING, STORAGE LOCKER, NIGHT GUARD, UNPROTECTED VIEWS NORTH, OUTDOOR TERRACE AT THE TREE TOPS... TURN KEY CONDO, WALL TO WALL CARPETING, KITCHEN W/ STONE...

LEGEND

Comparable Properties

4. 1775 BROADWAY #2, Pacific Heights, CA 94109 Proximity 0.3 miles Bed N/A Baths 0 Half Baths N/A

Active

Pending

Sold

List Price: $349,000 Date Listed 11/25/08 List Price $349,000

Price Per N/A Sq. Ft.

Year Built 1925 Lot Size

Sq. Ft. 0 LOVELY, CLASSIC 1920'S COURTYARD BUILDING IN PRIME PACIFIC HEIGHTS. HARDWOOD FLOORS, CROWN AND PICTURE MOLDING, LARGE WALK-IN CLOSET, GAS KITCHEN, TUB WITH SHOWER. NO PARKING.

5. 1800 GOUGH ST #6, Pacific Heights, CA 94109 Proximity 0.2 miles Bed 5 Baths 5 Half Baths N/A

List Price: $2,600,000 Date Listed 09/19/08 List Price $2,600,000

Price Per 748 Sq. Ft.

Year Built 1923 Lot Size

Sq. Ft. 3,478 NEW PRICE! FULL-FLOOR CO-OP EXTENSIVELY REMODELED & FINISHED W/ CAREFUL ATTENTION TO DETAIL. THIS NEW YORK-STYLE APT IS AN EXCELLENT CHOICE FOR THOSE WHO APPRECIATE REFINED COSMOPOLITAN LIVING IN THE HEART OF SF. W/MYRIAD AMENITIES, GORGEOUS CITY LIGHTS & SKYLINE VIEWS & OUTSTANDING CRAFTSMANSHIP, THIS HOME OFFERS FIVE BR'S (MASTER...

6. 1461 BROADWAY #201, Nob Hill, CA 94109 Proximity 0.3 miles Bed 2 Baths 2 Half Baths N/A

List Price: $650,000 Date Listed 10/21/08 List Price $650,000

Price Per 681 Sq. Ft.

Year Built 1981 Lot Size

Sq. Ft. 955 QUIET, SUNNY, BACK UNIT LOCATED ON THE 2ND FLOOR, TWO BEDROOM/TWO BATH, COMBINATION LIVING/DINING ROOM, GAS BURNING FIREPLACE, 1 CAR GARAGE PARKING, WALL-TO-WALL CARPETS THROUGHOUT, CENTRAL ELECTRIC HEATING, LARGE LOCKED STORAGE UNIT, VIEW OF LANDSCAPED COMMON AREA, COIN-OPERATED LAUNDRY FACILITIES IN COMMON AREA.

LEGEND

Comparable Properties

7. 1671 BUSH ST, Van Ness/Civic Center, CA 94109 Proximity 0.3 miles

Active

Pending

Sold

List Price: $829,500 Date Listed 11/21/08

Bed 4

List Price $829,500

Baths 4

Price Per 415 Sq. Ft.

Year Built N/A

Half Baths N/A

Lot Size

Sq. Ft. 2,000 NEW PRICE! SPACIOUS & ELEGANT. FULL FLOOR FLAT. 2022 SF, LOCATED IN 3 UNIT BLDG. BEAUTIFUL PERIOD DETAILS THROUGHOUT. INC. VAULTED CEILINGS CROWN MOLDINGS & ORIGINAL ANTIQUE WEDGEWOOD STOVE. TRUE SF CHARM.

8. 2111 FRANKLIN ST #5, Pacific Heights, CA 94109 Proximity 0.1 miles Bed 2 Baths 2 Half Baths N/A

List Price: $875,000

Date Listed 05/15/08 List Price $875,000

Price Per 559 Sq. Ft.

Year Built N/A Lot Size

Sq. Ft. 1,565 NEEDS TLC. PARTIAL BAY VIEWS. SOUTHEAST CORNER CONDOMINIUM IN PRIME PACIFIC HEIGHTS LOCATION. FORMAL ENTRY, 2 MASTER SUITES (2BD/2BA), FORMAL DINING ROOM, SPACIOUS LIVING ROOM, ATTRACTIVE FIREPLACE, VIEW KITCHEN, HIGH CEILINGS, EXQUISITE MOLDINGS, HARDWOOD FLOORS, 1500+SQ FT, BEAUTIFUL ORIGINAL DETAIL COMPLIMENTED WITH MODERN IMPROVEMENTS. 1 CAR...

9. 81 FRANK NORRIS #503, Downtown, CA 94109 Proximity 0.3 miles Bed 1 Baths 1 Half Baths N/A

List Price: $472,000 Date Listed 10/29/08 List Price $472,000

Price Per 670 Sq. Ft.

Year Built 2007 Lot Size

Sq. Ft. 704 AN IMAGINATIVE BLEND OF A HISTORIC COMMERCIAL PROPERTY WITH THIRTY-TWO ALL-NEW RESIDENTIAL CONDOMINIUMS, THIS DEVELOPMENT IS A UNIQUE OPPORTUNITY FOR THOSE WHO ARE 55 YRS AND OLDER. THIS UNIT HAS AN OPEN FLOOR PLAN, LOTS OF WINDOW AREA AND A COUPLE POSSIBLE AREAS FOR A HOME OFFICE. KITCHEN HAS GRANITE COUNTERS, S/S APPLIANCES INC. GAS STOVE AND...

LEGEND

Comparable Properties

Active

10. 2001 SACRAMENTO ST #5, Pacific Heights, CA 94109 Proximity 0.2 miles Bed 3 Baths 3

Pending

Sold

List Price: $1,299,000

Date Listed 10/07/08 List Price $1,299,000

Price Per 679 Sq. Ft.

Year Built 1900

Half Baths N/A

Lot Size

Sq. Ft. 1,912 AMAZING NEW PRICE! BEST VALUE IN PACIFIC HTS. SPACIOUS, HOUSE-LIKE CONDOMINIUM. LOVELY PERIOD DETAIL, ELEGANT ROOMS. INVITING FORMAL ENTRY, LR WITH GRAND FP, HUGE FORMAL DINING ROOM, BIG BRIGHT KITCHEN, MASTER BEDROOM WITH SEPARATE DRESSING AREA AND GENEROUS REMODELED MASTER BATH, 2 ADDITIONAL BEDROOMS AND ONE GUEST BATH. HARDWOOD FLOORS...

11. 81 FRANK NORRIS ST #506, Downtown, CA 94109 Proximity 0.3 miles Bed 1 Baths 1 Half Baths N/A

List Price: $409,000

Date Listed 10/30/08 List Price $409,000

Price Per 674 Sq. Ft.

Year Built 2007 Lot Size

Sq. Ft. 607 AN IMAGINATIVE BLEND OF A HISTORIC COMMERCIAL PROPERTY WITH THIRTY-TWO ALL-NEW RESIDENTIAL CONDOMINIUMS, THIS DEVELOPMENT IS A UNIQUE OPPORTUNITY FOR THOSE WHO ARE 55 AND OLDER. THIS UNIT IS VERY EFFICIENT WITH AN OPEN FLOOR PLAN FEATURING LIVING RM, L-SHAPED KITCHEN AND DINING RM WITH DECK AND SOUTHERN VIEW. KITCHEN HAS GRANITE COUNTERS, S/S...

12. 2040 FRANKLIN ST #708, Pacific Heights, CA 94109 Proximity 0.1 miles Bed 1 Baths 1 Half Baths 1

List Price: $669,000

Date Listed 09/22/08 List Price $669,000

Price Per 936 Sq. Ft.

Year Built 1966 Lot Size

Sq. Ft. 715 ALL NEW ARCH DESIGNED REMODEL; NO OCCUP SINCE RENOV; NATURAL OAK HRDWD FLRS IN LVNG/DIN, KIT & BEDR; MARBLE SLAB C'TOP, CER. TILE FLR & DROP-IN TUB IN BATH; MAPLE CAB'S, SS APPL, GRANITE SLAB C'TOPS IN KIT; SEP POWDER RM; 3 CLOSETS IN BEDR; GRT LIGHTING; ELVTR; VW OF LANDMARK HOMES & PAC HTS SKYLINE; LOTS OF WESTERN LIGHT; ROOF DECK...

LEGEND

Comparable Properties

Active

13. 1725 WASHINGTON #13, Nob Hill, CA 94109 Proximity 0.1 miles

Pending

Sold

List Price: $899,000 Date Listed 12/09/08

Bed 2

List Price $899,000

Baths 2

Price Per N/A Sq. Ft.

Year Built 2006

Half Baths N/A

Lot Size

Sq. Ft. 0 PRICE REDUCED! WON'T LAST!! CHIC 2BD/2BA, TOP FLOOR LUXURY RESIDENCE NEXT TO POLK ST. LUMINOUS FL. PLAN W/ BALCONY & INVITING FIREPLACE. GOURMET VIKING/BOSCH KITCHEN, & POSH BATHS FEATURING LIMESTONE, CUSTOM TILE & GROHE FIXTURES. BAMBOO FLOORING, DBL-PANED WINDOWS, & SELECT FINISHES THROUGHOUT. NEWER BLDG. W/ PKG. &...

14. 2006 WASHINGTON ST #4, Pacific Heights, CA 94109 Proximity 0.2 miles

List Price: $12,500,000

Date Listed 09/26/08

Bed 5

List Price $12,500,000

Baths 5

Price Per N/A Sq. Ft.

Year Built 1924

Half Baths 1

Lot Size

Sq. Ft. 0 CLASSIC FULL FLOOR APARTMENT IN EXCELLENT BUILDING WITH PANORAMIC BAY AND GOLDEN GATE BRIDGE VIEWS. BEAUTIFULLY PROPORTIONED PUBLIC ROOMS, IDEAL FOR ENTERTAINING ON A GRAND SCALE. SWEEPING VIEWS; VIEWS OF THE BAY, GOLDEN GATE BRIDGE, ALCATRAZ, RUSSIAN HILL & LAFAYETTE PARK.

15. 1776 SACRAMENTO ST #605, Nob Hill, CA 94109 Proximity 0.1 miles Bed 2 Baths 2 Half Baths N/A

List Price: $719,000

Date Listed 11/14/08 List Price $719,000

Price Per N/A Sq. Ft.

Year Built 1992 Lot Size

Sq. Ft. 0 GREAT PRICE!! LOCATED ON NOB HILL ALONG THE VAN NESS CORRIDOR, THIS FAB CONDO IS THE PERFECT CITY HOME OFFERING COMFORT & CONVENIENCE. UNIT FEATURES A BRIGHT MASTER SUITE W/GENEROUS CLOSETS, 2ND BDRM & BA, KITCHEN OPENING TO LIVING/DINING ROOM W/ FIREPLACE & HW FLRS, W/D, EXTRA STGE & PARKING! THE BUILDING HAS A LUSH COURTYARD,...

LEGEND

Comparable Properties

Active

1. 1701 JACKSON ST #301, Pacific Heights, CA 94109 Proximity 0.1 miles Bed 2 Baths 2 Half Baths N/A

Pending

Sold

List Price: $765,000

Date Listed 01/23/09 List Price $765,000

Price Per 723 Sq. Ft.

Year Built 2001 Lot Size

Sq. Ft. 1,058 THIS MODERN TWO BEDROOM LUXURY HOME IS IN ONE OF PACIFIC HEIGHTS' MOST COVETED BUILDINGS.VERY QUIET,THIS THIRD FLOOR UNIT FACES THE AWARD-WINNING, PALM TREE LINED COURTYARD AND NOB HILL. PRIVATE FLOOR PLAN WITH SEPARATION OF BEDROOMS AND BATHS.DOUBLE-PANE WINDOWS, PLANTATION SHUTTERS,STNLSS. APPLIANCES, HDWD. FLRS.,GRANITE KIT. CNTRS., LIMESTONE...

2. 1545 BROADWAY #203, Nob Hill, CA 94109 Proximity 0.3 miles Bed 2 Baths 2 Half Baths N/A

List Price: $665,000 Date Listed 11/20/08 List Price $665,000

Price Per 561 Sq. Ft.

Year Built 1980 Lot Size

Sq. Ft. 1,186 SITUATED AT THE CROSSROADS OF NOB HILL, RUSSIAN HILL AND PACIFIC HEIGHTS, THIS BRIGHT 2 BEDROOM 2 BATH CONDO HAS VEIWS OF RUSSIAN HILL. THIS UNIT FEATURES AN OPEN FLOOR PLAN WITH A LIVING/DINING AREA, MODERN KITCHEN WITH GRANITE COUNTER TOPS, A GAS FIREPLACE, CROWN MOLDINGS, EXTENSIVE CLOSET SPACE, AND 1 CAR PARKING. THE DOUBLE PANE WINDOWS LET...

3. 1720 CLAY ST #9, Nob Hill, CA 94109 Proximity 0.2 miles Bed 1 Baths 1 Half Baths N/A

List Price: $539,000 Date Listed 10/24/08 List Price $539,000

Price Per 706 Sq. Ft.

Year Built 2000 Lot Size

Sq. Ft. 763 TOP FLOOR, SUNNY, AIRY & SPACIOUS ONE BEDROOM CONDO WITH PARKING. HARDWOOD FLOORS, COOL OPEN CHEF'S (GAS) KITCHEN + FIREPLACE IN LIVING ROOM. OPPORTUNITY KNOCKS...WILL YOU ANSWER?

LEGEND

Comparable Properties

Active

4. 1914 PINE ST #4, Lower Pacific Heights, CA 94109 Proximity 0.3 miles Bed 1 Baths 1 Half Baths N/A

Pending

Sold

List Price: $659,000

Date Listed 01/21/09 List Price $659,000

Price Per 554 Sq. Ft.

Year Built 1906 Lot Size

Sq. Ft. 1,190 LARGE ELEGANT CONDO WITH CLASSY 1906 DETAILS, BEAUTIFUL &SERENE. HARDWOOD THROUGHOUT + REMOD KITCHEN + BATH. LARGE BEDROOM PLUS 2ND ROOM, PERFECT FOR AN OFFICE OR CHILD'S ROOM. FDR HAS BEAMED CEILING+BUILT IN CHINA+GLASS CABINETS AND IS SOUTH FACING AS IS THE LOVELY LR. DIRECT INT. ACCESS TO THE LAUNDRY +STORAGE ROOMS. THERE'S A LARGE COMMON...

1. 1945 WASHINGTON ST #304, Pacific Heights, CA 94109 Sold Price: $700,000 Proximity 0.1 miles

Date Listed 02/06/09

Price Per $716

Bed 2

List Price $719,000

Sq. Ft.

Baths 2

Date Sold 03/06/09

Sell to 97%

Half Baths N/A Sq. Ft. 977 Year Built 1987

Sold Price $700,000

List Ratio

DOM 7 Lot Size

AMAZING OPPORTUNITY! GREAT LOC 1/2 BLOCK FROM LAFAYETTE PARK. DINING, CAFES AND SHOPPING ON UNION, FILLMORE AND POLK NEARBY, AS WELL AS WHOLE FOODS MARKET. THIS CONDO FEATURES 2BRS AND 2BAS, LIVING RM/DINING AREA COMBO AND REMODELED KITCHEN. GOOD LAYOUT WITH A MASTER BR AND AN EN-SUITE BA, AND 2ND BR AND GUEST BA. VERSATILE AND SPACIOUS LIVING...

SUMMARY Comparable Price Analysis Listing Category Lowest Price

Highest Price

Average Price

Average Price/Sq. Ft.

$12,500,000

$1,663,967

678

Pending $539,000

$765,000

$657,000

636

Sold $700,000

$700,000

$700,000

716

Active $349,000

Suggested List Price Range: $999,000 - $1,099,000 1865 CLAY ST #1 San Francisco, CA 99410 Bed: 3

Full Baths: 2

Half Baths:

Sq. Ft.:

Lot Size:

LEGEND Active

Pending

Sold

Year Built: 1914

Map of Zip Transactions We're experts at helping people buy and sell homes in your neighborhood. Our local, experienced agents have a strong history of representing buyers and sellers in your area, as well as smoothly and successfully negotiating transactions with other brokers on your behalf.

1865 CLAY ST #1 San Francisco, CA 99410 Bed: 3

LEGEND

Full Baths: 2

Half Baths:

Sq. Ft.:

Lot Size:

Year Built: 1914

Listings Sold by the Agent

Buy-side Transactions Represented by the Agent

Listings Sold by ZipRealty

Buy-side Transactions Represented by ZipRealty