JANUARY 2021
HOME OF THE MONTH
tranquil & private Point Loma Retreat
How Remote Work Can Power Your
vacation home sale Will Mortgage Rates
remain low next year?
Guiding You
HOME Š2021 Coldwell Banker West. All Rights Reserved. Coldwell Banker West fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. DRE# 01481919
YOUR LUXURY
FAIRBANKS RANCH
4 BR | 4.5 BA | 6000 ESF
Stunning single-level masterpiece with additional 800 square foot outdoor living and dining space creates the ultimate indoor/ outdoor living experience. MLS #NDP2000878
$4,950,000.00
LA JOLLA
4 BR | 3.5 BA | 3700 ESF
Completely remodeled in 2018, this singlelevel contemporary with glorious ocean and night light views, open floor plan and gated entry is move-in ready! MLS #200053389
$3,950,000.00
H O M E A WA I T S | C O L D W E L L B A N K E R L U X U R Y . C O M
DOWNTOWN
3 BR | 3 BA | 2034 ESF
Experience the breathtaking views of Downtown and the Bay at this skyrise condo! Features include a yacht share, concierge porter curb services, and a movie theater with a private bar. MLS #200043617
$3,895,000.00
MISSION BEACH
2 BR | 2.5 BA | 1351 ESF
This custom and contemporary home offers oceanfront luxury in one of San Diego’s most entertaining and vibrant coastal communities. Every room in the home has ocean views! MLS #200041206
$3,250,000 - $3,750,000
YOUR LUXURY
LA JOLLA
4 BR | 4.5 BA | 4449 ESF
This immaculate villa offers ocean views and overlooks the golf course of La Jolla Country Club. The grand and generous living spaces are flushing with natural light. MLS #200035094
$3,700,000.00
SANTALUZ
4 BR | 4.5 BA | 4315 ESF
Don’t miss this incredible Spanish-style 1.58acre estate perched above eleventh fairway of Santaluz’s golf course with unobstructed views to the west. MLS #200047863
$2,995,000 - $3,195,000
H O M E A WA I T S | C O L D W E L L B A N K E R L U X U R Y . C O M
CORONADO
2 BR | 2 BA | 1276 ESF
Discover the ultimate Coronado Shores lifestyle in this highly desirable corner unit with unforgettable views of the ocean, bay, Point Loma, and Downtown. MLS #200048698
$2,595,000.00
ENCINITAS
3 BR | 3.5 BA | 1857 ESF
The quintessential Southern California lifestyle can be yours! Here is your stunningly meticulous, three-leveled beach home with spectacular white-water ocean views. MLS #200053301
$2,235,000.00
HOMEOF THEMONTH
3803 Del mar avenue P O I N T LO M A
CLICK HERE TO VIEW THE 3D TOUR
welcome to
3803 Del mar avenue
T
his one-of-a-kind custom resort retreat sits above the street for ultimate privacy and tranquility. Ipe decking, zen dual koi ponds, and a water feature greet you at the entrance. The open floor plan features a twosided fireplace and a spacious kitchen with mahogany cabinets, granite counters, a large island, and built-ins like no other. The home also features owned solar for ultimate savings on energy costs. The backyard is the ultimate space for family and friends with a stunning pool boasting a Baja shelf and waterfall, a built-in barbecue area, outdoor shower, and wrap-around decking. Indoor/outdoor living is an entertainer’s paradise!
This home has more storage than many homes twice it’s size. From the outdoor gardening shed, oversized pool equipment room, loads of attic space, built-ins, closets, and custom cabinets throughout. The home is also equipped with a central vacuum and water softener. The original master bedroom is now the spacious family room with access to the pool area and ensuite full bath. The current master retreat, also with pool access, could be combined with the dual office with all built-ins for a potential attached granny flat. Fleetridge is one of Point Loma’s most sought after neighborhoods. Out of the flight path, minutes from Shelter Island, Point Loma Village, Sunset Cliffs, multiple Yacht Clubs, the historic La Playa Trail, and the beach.
4 BED RO O M S | 3.5 BAT H RO O MS | 2,887 E SF | $1,650,000
SANTALUZ
3 BR | 3.5 BA | 2596 ESF
Situated on the 16th Fairway, this stunning Sentinel Plan 2 with casita, offers breathtaking panoramic views of the golf course, evening lights, mountains and a peak of the ocean. MLS #200046768
$1,795,000 - $1,895,000
PACIFIC BEACH
3 BR | 3 BA | 1741 ESF
Gorgeous contemporary home offers style and the ease of beach living. Enjoy the large wellmanicured yard with lighted sail shade. Just a few blocks to the beach, dining and shops. MLS #200052149
$1,769,000.00
EL CAJON
6 BR | 4.5 BA | 4002 ESF
Exquisite single-level Italian Village nestled on over 1-acre showcases rich details, privacy, mature trees, waterfall with grotto, and detached guest quarters MLS #PTP2001457
$1,599,000.00
MURRIETA
4 BR | 2.5 BA | 2361 ESF
This beautiful 2.65-acre property offers loads of potential for development. Features a large Victorian-style home with a separate 700 ESF granny flat in the rear of the lot. MLS #200042759
$1,549,000.00
CORONADO
2 BR | 2 BA | 896 ESF
Expansive 400+ square foot roof deck is the ultimate place to soak up the Coronado sun, watch the world sail by, or enjoy an evening cocktail on the bay. MLS #200025368
$1,500,000.00
DANA POINT
2 BR | 2 BA | 1156 ESF
Rare opportunity to own an incredible property with unobstructed views of Dana Point Harbor and the ocean with walkability to restaurants and shops. MLS #200053481
$1,495,000.00
ALPINE
6 BR | 6.5 BA | 5400 ESF
Beautiful home and guest house with double private gated driveways to your custom estate! Added in 2005, the pool and spa complete the spacious entertainer’s yard. MLS #200047111
$1,425,000.00
CARMEL VALLEY
5 BR | 3 BA | 2597 ESF
Exceptionally well-maintained home sited on a low-maintenance landscaped lot. Center kitchen island opens to spacious entertainment room with fireplace. MLS #200053938
$1,388,888.00
PACIFIC BEACH
2 BR | 2 BA | 1353 ESF
Enjoy gorgeous panoramic views of Mission Bay from this single-level updated unit. Walk straight in from the parking to the condo and then steps to the pool and bay. MLS #200033630
$1,350,000.00
BALBOA PARK
2 BR | 2 BA | 1697 ESF
This elegantly appointed home exudes style and beauty. Recent remodels assure the latest in finishes and dĂŠcor, including custom lighting, stone surfaces, and designer paint, tile and more. MLS #200048601
$1,299,000 - $1,325,000
UNIVERSITY CITY
3 BR | 2.5 BA | 2706 ESF
Upon entering the home, you’ll find beautiful marble flooring throughout the lower level. Entertain guests on the beautiful lush green wrap around patio. MLS #PTP2000452
$1,299,000.00
EASTLAKE WOODS
6 BR | 3.5 BA | 3820 ESF
This gorgeous corner lot truly embodies the Southern California dream. Enjoy entertaining on your detached patio, outdoor kitchen/ BBQ area, pool and spa, and large family room with fireplace. MLS #200030550
$1,299,000.00
SOLANA BEACH
3 BR | 2.5 BA | 1944 ESF
California dreaming resort living at it’s finest! Highly upgraded condo on the 13th tee with stunning panoramic golf course and peekaboo ocean views. MLS #NDP2002562
$1,275,000.00
MISSION VALLEY
3 BR | 2.5 BA | 1999 ESF
Enjoy 180 degree panoramic views from all areas of the home as well as the oversized deck off of the living room! The eye for design, views, and attention to detail makes this home a must-see! MLS #PTP2001816
$1,199,000 - $1,250,000
MT. HELIX
6 BR | 4 BA | 3915 ESF
The private backyard is perfect for entertaining with a pool, tall bamboo and lush landscaping. The master retreat features travertine tile, balcony with views, and vaulted ceilings. MLS #200043526
$1,249,000.00
LA JOLLA
3 BR | 2 BA | 2023 ESF
Ocean views and gorgeous sunsets! Open floor plan showcasing dramatic vaulted ceilings, beautiful wood floors throughout, fireplace, dining room, and expanded master en-suite. MLS #200051481
$1,225,000.00
RAMONA
4 BR | 3.5 BA | 3525 ESF
Located on 8.49-acre sits this beautiful vineyard estate and provides roughly 1,700 vines for wine-making. Enjoy the rustic charm this home has to offer. MLS #200053913
$1,200,000.00
CORONADO
2 BR | 2 BA | 1410 ESF
This one-story condo is centrally located in the village of Coronado. Beautifully renovated, this unit features rich mahogany floors, french balconies off each bedroom, and a stunning kitchen. MLS #200042717
$1,200,000.00
DOWNTOWN
3 BR | 2 BA | 1625 ESF
Impeccably updated two bedroom plus den with views of San Diego bay from every room! Open floorplan and spacious patio with water views are ideal for entertaining. MLS #200050383
$1,149,000.00
VALLEY CENTER
5 BR | 4.5 BA | 4626 ESF
Beautiful home located in the prestigious Valley View Ranch. The home features two staircases, dual fireplace in the living room and another in the family room. MLS #PTP2001232
$999,900.00
EAST VILLAGE
3 BR | 2 BA | 1911 ESF
Amazing city views from this corner unit in desirable East Village! Extra windows bring in tons of bright natural lights to this open floor plan. MLS #200053885
$985,000.00
How Remote Work Can Power Your Vacation Home Sale This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from home might be someplace other than their primary residence - at the beach, in the mountains, or somewhere in between. NAR explains:
“Sales in vacation-home counties inc year over year in the third quarter; o home counties saw a year-over-yea
Is it Time to Sell Your Vac
If you’ve been thinking about sellin putting it on the market now while d your best move. Here are two reason
1. Vacation Homes Are Selling Quic
These homes are not staying in the m
creased 48% on average overall 81% of vacationar sales increase.”
NAR also notes: “In September, 68% of vacation homes sold in less than a month. Historically, about 30% sell that quickly... It’s a pretty amazing uptick compared to past years.”
cation Home?
2. Home Prices Are Rising
ng your vacation home, demand is high might be ns why.
ckly
market for very long.
With an increase in demand, prices go up. NAR continues: “In the third quarter, prices in vacation-home counties rose by about 32% year over year. Seventy-nine percent of these counties experienced year-over-year price gains. NAR defines a vacation-home county as one in which seasonal housing accounts for at least 20% of stock.” If your vacation home is sitting idle, maybe not attracting as many renters as you usually see, or if you simply want to sell it so you can trade up or take it off your worry list, now may be the time. Demand is high, so you’re in the ideal spot to get a stronger return on your investment today.
Bottom Line Demand is on the rise, so let’s discuss your next steps when it comes to selling your vacation home.
Source: How Remote Work Can Power Your Vacation Home Sale. (12/7/2020). Keeping Current Matters https://www.mykcm.com/2020/12/07/how-remote-work-can-power-your-vacation-home-sale/
BANKERS HILL
CHULA VISTA
2 BR | 2.5 BA | 1287 ESF
4 BR | 1.5 BA | 1993 ESF
The floor plan is flexible and provides both privacy and ample room for residents and guests. The home is centrally located from Balboa Park, downtown, and Hillcrest.
Location, location, location! North Chula Vista with views to the west! The home is situated on a deep set lot away from the street allowing for privacy.
MLS #PTP2001264
MLS #PTP2002132
$920,000.00
CHULA VISTA
$789,000.00
DOWNTOWN
5 BR | 4.5 BA | 3704 ESF
2 BR | 2 BA | 1370 ESF
This new construction home in 2018 exudes style, warmth and stunning details. Offering 5 bedrooms, 4 bath, spacious living areas and outdoor spaces that are perfect for entertaining.
Popular corner plan with split bedroom layout and panoramic views, interior finishes include Brazilian Cherry hardwood floors, granite counters, beautiful cabinetry and stainless steel appliances.
MLS #200045599
MLS #200011717
$925,900 - $948,500
$899,000.00
DOWNTOWN
EASTLAKE WOODS
2 BR | 2 BA | 1144 ESF
4 BR | 3.5 BA | 3884 ESF
One of the best vantage points in Downtown make this South facing with optimal views of the bay, Petco Park, Coronado and bridge an incredible investment opportunity.
The master bedroom suite along with two other bedrooms and 1.5 bathrooms are all located on the close to 3,000 square foot firstlevel of this unique home.
MLS #200022328
MLS #PTP2002090
$899,000.00
EASTLAKE GREENS
$915,000 - $950,000
EL CAJON
4 BR | 2.5 BA | 2302 ESF
3 BR | 2 BA | 2112 ESF
Recently remodeled in 2018, this home features Cathedral ceilings, gorgeous custom kitchen with abundant natural light, stainless steel appliances, engineered hardwood floors and much more.
Single-level family home, easy entertaining in large backyard with numerous fruit trees, pool and covered patio. Huge separate family room with fireplace is perfect for watching movies.
MLS #PTP2001524
MLS #200051264
$800,000.00
$759,000 - $789,000
ENCANTO
LAKESIDE
4 BR | 3.5 BA | 3617 ESF
3 BR | 2 BA | 2082 ESF
Very well maintained home with lots of natural light, spacious living area, billiard/pool room, and great views of downtown and the valley in the back.
The main home is a 3/2 single story with a very open concept. The studio is roughly 733 square feet and has private access from the main home.
MLS #PTP2001995
MLS #PTP2002056
$800,000.00
JULIAN
$759,000 - $799,000
LITTLE ITALY
4 BR | 3 BA | 3150 ESF
3 BR | 2 BA | 1568 ESF
Large view home overlooking Lake Cuyamaca in Julian. Glowing with natural light and custom features, this property boasts over four acres of usable view land.
Extensively renovated corner unit in Little Italy. Lives like a single-family home. Walk-in closets, full size laundry room, wood floors and quartz kitchen counter tops.
MLS #200043003
MLS #200043471
$897,777.00
$799,900.00
OTAY RANCH
POINT LOMA
5 BR | 4.5 BA | 3492 ESF
3 BR | 2 BA | 1694 ESF
This home has it all! From travertine to hardwood flooring Plantation shutters throughout, oversized kitchen, bonus/entertainment room, and an amazing outdoor kitchen and bar to entertain.
Welcome to this bright and cozy unit located in Park Point Loma. This home features a fireplace, front and rear patios, 2-car garage, and easy beach access.
MLS #200051641
MLS #PTP2001942
$899,900.00
PARADISE HILLS
$759,999.00
SAN DIEGO
8 BR | 4 BA | 2578 ESF
2 BR | 2.5 BA | 1661 ESF
Rare business opportunity for the right buyers! Home features a total of eight bedrooms plus bonus room, variety of fruit trees, and granite countertops throughout kitchen.
Contemporary showroom style townhome in walking distance to Shelter Island. Stunning panoramic views of Point Loma and bay from your rooftop deck and BBQ area.
MLS #PTP2000437
MLS #200051368
$769,000 - $799,000
$950,000.00
SPRING VALLEY
CITY HEIGHTS
4 BR | 3.5 BA | 2900 ESF
4 BR | 2 BA | 1534 ESF
Grand entry to a true open floor plan, new laminate flooring and fresh paint with accent walls downstairs. Enjoy awesome sunsets and views of Mount Helix on the balcony.
Incredible North Park/City Heights opportunity to build 4 units. The 5,200 esf lot is zoned multifamily and has room to build four homes. Close to Balboa Park and Downtown San Diego.
MLS #PTP2000218
MLS #PTP2001754
$850,000 - $873,500
$748,000
EL CAJON
VISTA
4 BR | 3 BA | 2294 ESF
4 BR | 3 BA | 2305 ESF
This premier property features a gourmet kitchen with built-in refrigerator and double ovens, remodeled bathrooms, new carpet, large family room, and remodeled pool.
Fantastic home in the desirable Fuerte Elementary School District featuring an updated kitchen, enormous family room, separate family room, and two-car garage on a large lot.
MLS #NDP2003491
MLS #PTP2001017
$739,000
$730,000
GREAT FUTURE IS IN GOOD CHARITY.
Find out how you can help by visiting
cbwgives.com
WILL MORTGAGE RATES REMAIN LOW NEXT YEAR? In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):
The Challe
The challenge with w miss this optimal w up paying more in mortgage rates tick Chief Economist at
“Mortgage rates ju of positive news a Despite this rise, m a percentage point
While rates are still one year ago, as th stronger and the pa a very good chance Several top institutio are projecting an i over the next four q
When you continually hear how rates are hitting record lows, you may be wondering:
Are they going to keep falling? Should I wait until they get even lower?
enge with Waiting
If you’re planning to wait until next year or later, Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), forecasts mortgage rates will begin to steadily rise:
waiting is that you can easily window of time and then end n the long run. Last week, ked up slightly. Sam Khater, Freddie Mac, explains”
umped this week as a result about a COVID-19 vaccine. mortgage rates remain about t below a year ago.”
”
lower today than they were he economy continues to get andemic is resolved, there’s e interest rates will rise again. ons in the real estate industry increase in mortgage rates quarters (See chart below):
As a buyer, you need to decide if waiting makes financial sense for you.
BOTTOM line If you’re planning to buy a home and want to take advantage of today’s low rates, now is the time to do so. Don’t assume they’re going to stay this low forever.
Source: Will Mortgage Rates Remain Low Next Year. (11/19/2020). Keeping Current Matters https://www.mykcm.com/2020/11/19/will-mortgage-rates-remain-low-next-year/
COLDWELL BANKER | WEST
EASTLAKE TRAILS 4 BR | 3 BA | 1840 ESF MLS #PTP2001988 | $729,900
CORONADO 2 BR | 2 BA | 1194 ESF MLS #200042729 | $725,000
CORTEZ HILL 2 BR | 2 BA | 1389 ESF MLS #NDP2003248 | $729,000
OCEAN BEACH 2 BR | 1 BA | 875 ESF MLS #200053412 | $725,000
BLOSSOM VALLEY 3 BR | 2 BA | 1500 ESF MLS #PTP2000423 | $725,000
EASTLAKE 3 BR | 2.5 BA | 1816 ESF MLS #PTP2001659 | $715,000
SHERMAN HEIGHTS 3 BR | 2 BA | 710 ESF MLS #200001939 | $695,000
DOWNTOWN 2 BR | 2 BA | 902 ESF MLS #200031873 | $669,000
EL CAJON 4 BR | 3 BA | 1877 ESF MLS #200054242 | $689,000
EL CAJON 4 BR | 2.5 BA | 1982 ESF MLS #200037794 | $665,000
IMPERIAL BEACH 3 BR | 3 BA | 1570 ESF MLS #200047697 | $684,990
CORONA 4 BR | 2.5 BA | 2067 ESF MLS #ND20237871 | $655,900
COLDWELL BANKER | WEST
DOWNTOWN 2 BR | 2 BA | 1133 ESF MLS #200052359 | $650,000
DOWNTOWN 3 BR | 2 BA | 1474 ESF MLS #PTP2002044 | $649,999 - $700,000
EL CAJON 3 BR | 2 BA | 1611 ESF MLS #PTP2000842 | $650,000
CHULA VISTA 3 BR | 2 BA | 1869 ESF MLS #PTP2002075 | $649,900
SPRING VALLEY 4 BR | 2 BA | 1870 ESF MLS #PT20258739 | $650,000
EAST VILLAGE 2 BR | 2 BA | 1101 ESF MLS #NDP2001373 | $625,000
NORTH HOLLYWOOD 2 BR | 2.5 BA | 1181 ESF MLS #ND20235838 | $610,000
SAN DIEGO 1 BR | 1 BA | 732 ESF MLS #PTP2000804 | $605,000
CHULA VISTA 3 BR | 2 BA | 1264 ESF MLS #PTP2001114 | $599,900 - $629,900
BANKERS HILL 2 BR | 2 BA | 1154 ESF MLS #200050681 | $599,000
EASTLAKE 3 BR | 2.5 BA | 1740 ESF MLS #PTP2002069 | $599,900 - $629,900
ENCANTO 2 BR | 2 BA | 1164 ESF MLS #PTP2001412 | $595,000
COLDWELL BANKER | WEST
PARADISE HILLS 3 BR | 2 BA | 1714 ESF MLS #200052568 | $595,000
DOWNTOWN 2 BR | 2 BA | 933 ESF MLS #PTP2001007 | $574,900
SPRING VALLEY 3 BR | 2.5 BA | 1671 ESF MLS #PTP2001895 | $595,000
CHULA VISTA 4 BR | 2 BA | 1560 ESF MLS #PTP2002123 | $560,000 - $600,000
ENCANTO 3 BR | 2 BA | 1199 ESF MLS #200054372 | $589,888
SPRING VALLEY 3 BR | 2.5 BA | 1680 ESF MLS #200053887 | $559,000
COLDWELL BANKER | WEST
Boulevard 5 BR | 4 BA | 3376 ESF MLS #PTP2001657 $479,999
Downtown 1 BR | 1 BA | 797 ESF MLS #200047740 $399,000
East Village 2 BR | 2 BA | 883 ESF MLS #200053103 $519,000 - $539,000
Boulevard 3 BR | 2 BA | 1141 ESF MLS #PTP2000520 $375,000
Downtown 0 BR | 1 BA | 519 ESF MLS #200052174 $334,900
East Village 1 BR | 1 BA | 618 ESF MLS #200054396 $339,900
Chula Vista 4 BR | 1 BA | 910 ESF MLS #200054189 $339,900
Downtown 1 BR | 1 BA | 672 ESF MLS #200035393 $300,000 - $339,000
Eastlake 3 BR | 2.5 BA | 1656 ESF MLS #PTP2002120 $535,000
El Cajon 3 BR | 2.5 BA | 1395 ESF MLS #200054106 $425,000 - $450,000
El Cajon 2 BR | 2 BA | 925 ESF MLS #PTP2000917 $299,000
Jacumba 3 BR | 1 BA | 1104 ESF MLS #PTP2001525 $239,900
El Cajon 3 BR | 4 BA | 2412 ESF MLS #PTP2002104 $399,000 - $449,000
El Cajon 2 BR | 2 BA | 1200 ESF MLS #PTP2001340 $85,000
Lemon Grove 3 BR | 2 BA | 1248 ESF MLS #PTP2002047 $539,000
El Cajon 2 BR | 1 BA | 913 ESF MLS #PTP2002031 $381,877
Hemet 3 BR | 2 BA | 1288 ESF MLS #200000618 $240,000
Mount Laguna 1 BR | 1 BA | 475 ESF MLS #PTP2001733 $80,000
COLDWELL BANKER | WEST
National City 2 BR | 2.5 BA | 1554 ESF MLS #PTP2001693 $439,000 - $465,000
Oceanside 2 BR | 1.5 BA | 992 ESF MLS #PTP2002085 $299,900
Point Loma 2 BR | 2 BA | 986 ESF MLS #200053976 $425,000 - $445,000
Oak View 2 BR | 1 BA | 995 ESF MLS #V1-2502 $515,000
Otay Mesa 2 BR | 2 BA | 979 ESF MLS #PTP2002115 $464,000
Ramona 3 BR | 2 BA | 1634 ESF MLS #PTP2002009 $539,000
Oceanside 2 BR | 2 BA | 994 ESF MLS #PTP2002083 $369,900
Otay Ranch 3 BR | 2.5 BA | 1360 ESF MLS #PTP2001890 $479,000 - $489,000
Rancho Del Rey 2 BR | 2 BA | 1266 ESF MLS #PTP2001982 $499,999
San Ysidro 0 BR | 1 BA | 400 ESF MLS #PTP2001040 $195,000
Spring Valley 3 BR | 2.5 BA | 1680 ESF MLS #200047647 $465,000
Spring Valley 2 BR | 1 BA | 1018 ESF MLS #PTP2001485 $520,000
Spring Valley 4 BR | 2.5 BA | 2002 ESF MLS #PTP2002076 $550,000
Temecula 2 BR | 1.5 BA | 976 ESF MLS #NDP2003715 $469,000
Santee 2 BR | 1 BA | 903 ESF MLS #200054610 $299,000
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