Condo CMA

Final MarketAnalysis

Prepared especially forJohn Brandenburg804 Lighthouse PointLake Ozark, MO 65049

For marketing the property at804 Lighthouse Point

Prepared by:JOHN M GARRETTPrudential Lake Ozark Realty3570 Hwy 54 Suite 101Osage Beach, MO 65065

Office:Cell:Fax:Email:

(573) 365-6868(573) 480-6420(573) [email protected]

All information regardless of source, including square footage and lot sizes, is deemed reliablebut not guaranteed and should be verified by personal inspection and/or with the appropriate

professionals.

JOHN M GARRETTOffice: (573) 365-6868Cell: (573) 480-6420Fax: (573) 365-3711Email: [email protected]

October 14, 2011

John Brandenburg804 Lighthouse PointLake Ozark, MO 65049

Thank you for selecting me to help price your property. This is a preliminary price analysis, furtheradjustment came be made. This market poses many challenges, and my 16 years of experience will come in handy. We stillhave area agents that are overpricing listings, and others that just list as many as possible and putthem on the MLS for someone else to sell. This is 2011, pricing the unit correctly and marketing it tothe right buyers is critical. I recently listed a condo for a little more than the seller thought they couldget, and had it under contract in a week. It can be done. Please feel free to call me at any time if you have questions. Respectfully, John Garrett Broker/Sales

JOHN M GARRETT

Subject Property

Total Baths: 3Unit Level: Up From Parking Half Baths:Condo Style: 1 Level Full Baths:Project Name: Lighthouse Pointe Bedrooms: 3Apx. Fin. Sqft: Apx. UFin. Sqft:Area: L Apx. Tot. Sqft:2,077County: Yr Blt:State Zip: MO, 65049 Unit #: 804City: Lake OzarkAddress: 804 Lighthouse Point

Remarks: This condo is on the main channel, a walk in at street level, with an amazing view. It is close to the pool without the pool noise and close to anelevator. The unit has 2077 square feet. The deck is huge, features new tile, and offers great privacy.

Water: Community Water Sewer: On-Site Treatment Repo Y/N: NoFireplaces Y/N: Yes # Weeks Owned: Yr Remodeled: 2010 Exchange Co:Building: 1 Bldg. Location: Waterfront Unit Locat.: Inside Type of Sale: Resale-CondoPWC Lift: Largest Slip: Mile Marker: Mile Mrkr Area:Dock Y/N: Yes Dock #: PWC Slip Y/N: No PWC Slip/Space:# Slips: Slip #: Slip 2: Slip 3:

Spec. Assmt. Per.: Other Assmt. Per: MonthSpec. Assmt.: Assmt. Fee: Parcel #:Spec. Assmt. Year: Assmt. Year: Investment: Yes

Assmt. Include:Appliances:Dock: 1 WellExterior Features: SeawallInterior Features: Auto Sprinkler, Cable, Ceiling Fan(s), Custom Cabinets, Jetted Tub, Tile Floor

Wtrfnt Feat: Parking:Parking Lot: Street Const:Heating: Ac:


Comparable PropertiesRecently Sold

Address: 1004 Lighthouse Pointe MLS #: 3072957City: Lake Ozark List $: $332,000State Zip: MO, 65049 Sold $: $332,000County: Miller Bedroom3 DOM: 179Area: L Full 3Project Name: Lighthouse Pointe Half 0 Unit #: 1004Condo Style: Total 3 Apx. Tot. Sqft: 2,077Ext Feat: Elevator, Hot Tub, Apx. Apx. UFin.Int Feat: Auto Sprinkler, Cable, Ceiling Fan(s), Fireplace Gas, Furniture Available, JettedWtrfnt Feat: Main Channel, Martini DeckParking: Garage Available, Open ParkingPking Lot: BlacktopStreet Const: Blacktop

The view from this condo in magnificent! This walk-in condo is a must see. It has a large covered deck, upgraded tile, water softner, washer & dryer, energyefficient air conditioner, upgraded carpet pad, jacuzzi tub, coffered ceilings in the master bedroom, master bath and dining room. Included is a 12x32 slip and2 PWC slips. The 5" concrete floors and construction in building 10 make this unit very quiet and peaceful. This is a well maintained complex.

Address: 68 Lighthouse Road MLS #: 3066261City: Lake Ozark List $: $319,900State Zip: MO, 65049 Sold $: $285,000County: Camden Bedroom3 DOM: 153Area: L Full 3Project Name: Lighthouse Pointe Half 0 Unit #: 705Condo Style: Total 3 Apx. Tot. Sqft: 2,077Ext Feat: Deck Covered, Deck Apx. Apx. UFin.Int Feat: Auto Sprinkler, Cable, Ceiling Fan(s), Fireplace Gas, Furniture Available, JettedWtrfnt Feat: Cove Location, Main ChannelParking: Garage, Open ParkingPking Lot: BlacktopStreet Const: Blacktop, Concrete

SELLER WILL CONSIDER TRADE TO A WATERFRONT HOME OR A SMALLER CONDO! WOW, WHAT A VIEW from the screened-in balconywith ceramic tile flooring where you can relax in you own hot tub! This 3BD/3BA condo has just been updated with fresh paint, new carpeting, light fixtures,Hunter-Douglas blinds, stainless steel appliances, Italian marble back splash and granite counter tops. Large and spacious with plenty of natural light! Enjoy

Address: 710 Lighthouse Pointe MLS #: 3061185City: Lake Ozark List $: $279,000State Zip: MO, 65049 Sold $: $260,000County: Miller Bedroom3 DOM: 498Area: L Full 3Project Name: Lighthouse Pointe Half 0 Unit #: 710Condo Style: Total 3 Apx. Tot. Sqft: 2,077Ext Feat: Club House, Deck Apx. Apx. UFin.Int Feat: Cable, Ceiling Fan(s), Fireplace Gas, Walk In ClosetWtrfnt Feat:Parking: Garage AvailablePking Lot:Street Const: Blacktop

Seller moving and is motivated - Let's make a DEAL. One of the best located condo units in Lighthouse Pointe is ready for you. Walk right into this unit fromstreet level parking. This extra large unit has excellent views and eastern exposure toward the main channel and Bagnel Dam. The large screened decking isalso perfect for out of door entertaining. Three bedroom, three baths, a large living area, fireplace, plus a formal dining area are a few of the features. Do not


Comparative Market Analysis Summary

Subject Property

MLS # Address City Bds TotBth ApxTotal ApxFin ApxUnFin-13590 804 Lighthouse Point Lake Ozark 3 3 2,077 0 0

Recently Sold

MLS # Address City Bds TotBth ApxTotal ApxFin ApxUnFin List $ Sold $ DOM3072957 1004 Lighthouse Pointe Lake Ozark 3 3 2,077 0 0 $332,0 $332,0 1793066261 68 Lighthouse Road Lake Ozark 3 3 2,077 0 0 $319,9 $285,0 1533061185 710 Lighthouse Pointe Lake Ozark 3 3 2,077 0 0 $279,0 $260,0 498

AverageMedian


Price-Adjusted Summary


Recently Sold Subject 3061185 3072957 3066261

Address 804 Lighthouse Point 710 Lighthouse Pointe 1004 Lighthouse Pointe 68 Lighthouse Road

Status C C C

List Price $279,000 $332,000 $319,900

Sell Price $260,000 $332,000 $285,000

List Date 05/28/2009 09/20/2010 01/16/2010

Sell Date 10/08/2010 03/18/2011 06/18/2010

Days on Market 498 179 153

Rank --- --- ---

Sell/List Ratio 93% 100% 89%

Appreciation (%) 371 210 483

Area L L L L

Baths 3 3 3

Bedrooms 3 3 3 3

Apx SQFT 2077 2077 2077 2077

Walk In Level 25000 0 25,000 0 25,000 0 25,000

Total Adjustments $25,000 $25,000 $25,000

Adjusted Price $317,333 $285,000 $357,000 $310,000

Adjusted Price/SqFt $153 $137 $172 $149


Total Baths: 3Unit Level: Walk-In w/Steps Half Baths: 0Condo Style: Full Baths: 3Project Name: Lighthouse Pointe Bedrooms: 3Apx. Fin. Sqft: Apx. UFin. Sqft:Area: L Apx. Tot. Sqft:2,077County: Miller Yr Blt: 2005State Zip: MO, 65049 Unit #: 1004City: Lake Ozark Rank: 101Address: 1004 Lighthouse Pointe MLS #: 3072957

Sold $: $332,000 Sold Date: 03/18/2011List $: $332,000 Sell/List Ratio: 100%

Remarks: The view from this condo in magnificent! This walk-in condo is a must see. It has a large covered deck, upgraded tile, water softner, washer &dryer, energy efficient air conditioner, upgraded carpet pad, jacuzzi tub, coffered ceilings in the master bedroom, master bath and dining room.Included is a 12x32 slip and 2 PWC slips. The 5" concrete floors and construction in building 10 make this unit very quiet and peaceful. Thisis a well maintained complex.

Furn Pack Incl: No Prepaids Incl: No Pers Prop Incl: NoWater: Sewer: Repo Y/N: No Boat Dock Incl: NoFireplaces Y/N: Yes # Weeks Owned: Yr Remodeled: Exchange Co:Building: 10 Bldg. Location: Waterfront Unit Locat.: End Type of Sale: Resale-CondoPWC Lift: Largest Slip: Mile Marker: 1 Mile Mrkr Area: OsageDock Y/N: Yes Dock #: AA PWC Slip Y/N:Yes PWC Slip/Space:# Slips: 1 Slip #: Slip 2: Slip 3:

Spec. Assmt. Per.: Assmt. Per:Spec. Assmt.: Assmt. Fee: Parcel #: 124019002003001093Spec. Assmt. Year: Assmt. Year: Investment:

Assmt. Include:Appliances: Dehumidifier, Dryer, Garbage Disposal, Microwave, Range, Refrigerator, Washer, Water Soft. OwnedDock: 1 Well, Community DockExterior Features: Elevator, Hot Tub, Playground, Pool, Storage AreaInterior Features: Auto Sprinkler, Cable, Ceiling Fan(s), Fireplace Gas, Furniture Available, Jetted Tub, Sound Sys. Wiring, Tile Floor, Walk In Closet

Wtrfnt Feat: Main Channel, Martini Deck Parking: Garage Available, Open ParkingParking Lot: Blacktop Street Const: BlacktopHeating: Electric F/a Ac: Central Air



Total Baths: 3Unit Level: Up From Parking Half Baths: 0Condo Style: Full Baths: 3Project Name: Lighthouse Pointe Bedrooms: 3Apx. Fin. Sqft: Apx. UFin. Sqft:Area: L Apx. Tot. Sqft:2,077County: Camden Yr Blt: 2000State Zip: MO, 65049 Unit #: 705City: Lake Ozark Rank: 101Address: 68 Lighthouse Road MLS #: 3066261


Remarks: SELLER WILL CONSIDER TRADE TO A WATERFRONT HOME OR A SMALLER CONDO! WOW, WHAT A VIEW from thescreened-in balcony with ceramic tile flooring where you can relax in you own hot tub! This 3BD/3BA condo has just been updated withfresh paint, new carpeting, light fixtures, Hunter-Douglas blinds, stainless steel appliances, Italian marble back splash and granite counter tops. Large and spacious with plenty of natural light! Enjoy cool evenings in front of the remote controlled, gas fireplace while over looking themain channel of the lake. On top of all of this, also included is a 12x32 slip plus a garage to make it the complete package!

Furn Pack Incl: No Prepaids Incl: No Pers Prop Incl: NoWater: Sewer: Repo Y/N: No Boat Dock Incl: YesFireplaces Y/N: Yes # Weeks Owned: Yr Remodeled: Exchange Co:Building: 7 Bldg. Location: Waterfront Unit Locat.: End Type of Sale: Resale-CondoPWC Lift: 0 Largest Slip: 12 X 32 Mile Marker: 1 Mile Mrkr Area: OsageDock Y/N: Yes Dock #: C PWC Slip Y/N:No PWC Slip/Space: 0# Slips: 1 Slip #: 7 Slip 2: Slip 3:

Spec. Assmt. Per.: Assmt. Per: QuarterSpec. Assmt.: Assmt. Fee: $1,130 Parcel #: 027.036.0000.0001012.000Spec. Assmt. Year: Assmt. Year: 2010 Investment:

Assmt. Include: Cable, Dock, Dock Reserve, Sewer, Trash, WaterAppliances: Dishwasher, Garbage Disposal, Microwave, Refrigerator, StoveDock: 1 Well, Boat Hoist 1, Community Dock, Electric, WaterExterior Features: Deck Covered, Deck Screened, Elevator, Hot Tub, Playground, Pool, Storage AreaInterior Features: Auto Sprinkler, Cable, Ceiling Fan(s), Fireplace Gas, Furniture Available, Jetted Tub, Pantry, Tile Floor, Walk In Closet, Storm Shelter

Wtrfnt Feat: Cove Location, Main Channel Parking: Garage, Open ParkingParking Lot: Blacktop Street Const: Blacktop, ConcreteHeating: Electric F/a Ac: Central Air



Total Baths: 3Unit Level: Walk-In w/Steps Half Baths: 0Condo Style: Full Baths: 3Project Name: Lighthouse Pointe Bedrooms: 3Apx. Fin. Sqft: Apx. UFin. Sqft:Area: L Apx. Tot. Sqft:2,077County: Miller Yr Blt: 2000State Zip: MO, 65049 Unit #: 710City: Lake Ozark Rank: 101Address: 710 Lighthouse Pointe MLS #: 3061185


Remarks: Seller moving and is motivated - Let's make a DEAL. One of the best located condo units in Lighthouse Pointe is ready for you. Walk rightinto this unit from street level parking. This extra large unit has excellent views and eastern exposure toward the main channel and BagnelDam. The large screened decking is also perfect for out of door entertaining. Three bedroom, three baths, a large living area, fireplace, plus aformal dining area are a few of the features. Do not worry about many stairs as near by elevators will take you to the swimming pool and yourboat slip. Need a garage - owner has one available for extra $$.

Furn Pack Incl: Yes Prepaids Incl: No Pers Prop Incl: NoWater: Sewer: Repo Y/N: No Boat Dock Incl: YesFireplaces Y/N: Yes # Weeks Owned: Yr Remodeled: Exchange Co:Building: Bldg. Location: Waterfront Unit Locat.: Type of Sale: Resale-CondoPWC Lift: Largest Slip: 12 X 32 Mile Marker: 1 Mile Mrkr Area: OsageDock Y/N: Yes Dock #: B PWC Slip Y/N: PWC Slip/Space:# Slips: 1 Slip #: 5 Slip 2: Slip 3:

Spec. Assmt. Per.: Assmt. Per: QuarterSpec. Assmt.: Assmt. Fee: $1,130 Parcel #: 000.000Spec. Assmt. Year: Assmt. Year: Investment:

Assmt. Include: Cable, Dock, Reserve, Road, Sewer, Trash, WaterAppliances: Dishwasher, Garbage Disposal, Microwave, Range, RefrigeratorDock: 1 WellExterior Features: Club House, Deck Covered, Deck Screened, Elevator, Hot Tub, Playground, Pool, Storage AreaInterior Features: Cable, Ceiling Fan(s), Fireplace Gas, Walk In Closet

Wtrfnt Feat: Parking: Garage AvailableParking Lot: Street Const: BlacktopHeating: Electric F/a Ac: Central Air



Comparable Properties Graphical Analysis

Price $/SqFt DOM

Total Average Median Average Median Average Median

Recently Sold 3 $292,333 $285,000 $140 $137 277 179

$100,000

$200,000

$300,000

$400,000

0 0

100

200

300

400

500

Original List Price

Sold PriceDays on Market

Closed Listings

1004 Lighthouse Pointe

68 Lighthouse Road

710 Lighthouse Pointe


Price Recommendation

The recommended price is based on review of properties similar to your own which are currently for saleor have recently been sold. Our analysis suggests that your property should be listed at:

$329,333

Pricing your property correctly is crucial. A property which is priced correctly will attract more buyersthan one which is priced above the current market value. I look forward to working with you to get yourproperty sold quickly.

Documents

Condo CMA