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 | Real Estate Insider (Blog) |
Thursday, 27 March 2008
We have two lake lots for sale on Eagle Mountain Lake
 
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1909 Spinnaker Lane
Property Description: Oak Harbor Community offers rare find. Water front lot with open water and 100 feet of water frontage. Lot has a concrete seawall and beautiful homes border each side of the property. The community has a common area with boat dock, boat ramp, volleyball, playground, grills, sandy beach, and a covered pavilion with tables. If you are looking for a waterfront community on Eagle Mountain lake this lot is in a class of its own.
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Directions: From 820 take Hwy 199 for approx 8 miles. Make a right on N Stewart St in Azle, left on N Ash St. Make rt turn onto Oak Harbor then left on Spinnaker.
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1121 Pelican Drive
Property Description: Approx. 100 feet of waterfrontage on Eagle Mtn. lake. Approx. 1 acre. This property has more than one tax i.d. and the seller does not have a survey. Legal is more or less Lot 8 Block 1A Pelican Bay Addition and the land described as Wilcox, Jacob Survey #52-A1712 Tr 2B01 and taxed unnder TAD account 04275934.
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| Directions: 199 to 730 N, R on Sandy Beach, R on Liberty School, R on Pelican, sign on lot |
The above lots are waiting for a new custom water front lake home to be built on site along with family recreation and enjoyment by your family. Come and see these lots and give us a call.
You can also search by map for this and other properties on our site!
Regards,
Bernie
Monday, 24 March 2008
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11549 Eagle Vista Drive
Today's new listing
Property Description: Looking for a deal! 2.5 Acres in the Eagle Mtn. area! Four bedrooms, private master suite and luxury bath. Big den with fireplace open to the kitchen. Kitchen features a breakfast bar, pantry, oversized breakfast room. Formal dining-study now used as workout room. Spacious rooms and closets galore! Oversized garage, fenced, well, and septic. Seller will pay up to 3% of buyers closing costs with an acceptable offer.
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| Exclusions: mineral rights do not convey |
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Directions: Boat Club Road, R on Peden, L at Eagle Vista
Would you like to see this property? Please contact us to schedule a viewing!
Regards,
Bernie
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Friday, 21 March 2008
How do you feel about open houses? We often get mixed reactions and expectations from sellers about them. Some sellers definitely want realtors to have them for their homes, but most people don't seem to feel strongly about them and some people just don't like them at all. Much of the time, an open house ends up being a big waste of the seller's and the agent's time. However, sometimes the turnouts can be pleasantly surprising. The seller gets an opportunity to gin up interest for their home and the agent gets an opportunity to get names, numbers and email addresses for potential buyers and sellers. Most of the time however, it never works out for the seller since the odds seem to be against a particular open house resulting in a sale for the home being held open. Recently we held open a home on 7701 Lakeview Circle and managed to have eight couples come through the home. For homes in Lake Country Estates and in this slightly down market, that's a pretty good turnout. I think the spring season is starting to bring people out. The Christian Group will be holding several open houses this spring and we will announce them on the home page of our website. Hope to see you at one soon!
Regards,
Bernie
Tuesday, 18 March 2008
As a realtor, I know first hand that its important to keep pace with current events in the mortgage market place so that we can inform our buyers of how they will be impacted when purchasing or considering purchasing a home. I've enclosed an email from Mr. Bill Starkey, WR Starkey Mortgage, to his employees that I think you will find interesting:
From Bill Starkey to the Starkey Employees:
As you are now aware, we are seeing significant changes to low end fico's on FHA/VA loans. HUD, VA, Wall street investors and all major mortgage investors are definitely tightening up on government loans with fico's below 580 due to recent studies of delinquency and foreclosure rates on these properties. It has been estimated that government loans with fico's from 560-580 have a delinquency rate in excess of 20% and government loans below 560 fico have a delinquency rate of over 32%. With this said, there is really no difference between these mortgage loans and what we have come to know as "Sub-Prime" loans.
As the mortgage industry and Wall street continue to analyze loan losses, they are making major changes to high risk loans which is causing mortgage firms to react in quick fashion. In other words, there will be major limitations put on FHA/VA loans with low end fico's effective immediately and this will affect all mortgage firms in the same manner. You may have a few firms that are slower to make these changes but just as they all reacted in the Sub-Prime crisis, they will all react in similar fashion with government loans.
Effective immediately, no new locks will be accepted on FHA/VA loans with fico's below 560 and there will be a 3.00% adjustment to pricing on FHA/VA loans with fico's from 560-580.
To be honest, I am surprised that it has taken the mortgage market this long to react in this manner as these loans should really be put in the Sub-Prime category by definition. Again, this is not simply a WRS decision but one that will be followed throughout the mortgage industry in total.
One other thing to note on these changes........most mortgage competitors have eliminated all FHA/VA loans with fico's below 580 and we have still included loans with fico's between 560-580 but we do want underwriting approval before we allow you to lock these loans in with secondary. In other words, these loans will need to be solid and contain compensating factors that offset the lower fico score.
Thanks,
Bill Starkey
If you would like additional information regarding the above email or if you would like to contact WR Starkey Mortgage, please call me.
Regards,
Bernie
Thursday, 13 March 2008
7701 Lakeview Circle
Fort Worth, Tx 76179
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Open house this weekend on Sunday, March 16, 2008, 2-5pm
Ok, maybe your not ready for a home on the lake. What about a home with a gorgeous view of the lower countryside and Eagle Mountain Lake? We're expecting a lot of traffic through this home on Sunday. It has great views, low maintenance and a cul-de-sac lot! It's in move-in condition with custom detail throughout! Study off of the entry, or it could be guest room. Spacious entry, crown molding,textured walls. Enormous kitchen with granite counter, breakfast bar,walk in pantry, gas cooking. Private master suite, oversized, huge closet and luxury bath, private patio. Study niche off the kitchen with built-ins. Big den with built-ins, tv remains, views-patio.
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| Directions: Boat Club Road, Left on Lake Country Drive, R on Trail Ridge, R on Lakeview Circle. |
Tuesday, 11 March 2008
| Eagle Mountain Lake Single Family Waterfront Homes Sold within last 6 Months |
| Subject Property |
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| Address |
City |
BR |
Bth |
Gar/
Cp/TCP |
SqFt |
Acr |
Blt |
PL |
CDOM |
List Price |
SP %LP |
Sold Date |
$/ SqFt |
Sale Price |
| 6943 ALCOVE ST |
Azle |
2 |
1.0 |
0/2/2 |
1,208 |
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1950 |
N |
3 |
148,900 |
92 |
1/15/2008 |
113.41 |
137,000 |
| 6949 ALCOVE ST |
AZLE |
3 |
1.1 |
0/2/2 |
2,016 |
0.090 |
1955 |
N |
285 |
179,000 |
93 |
10/11/2007 |
82.84 |
167,000 |
| 12072 N OAK CT |
Azle |
1 |
1.0 |
0/0/0 |
590 |
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1960 |
N |
92 |
210,000 |
88 |
12/21/2007 |
313.56 |
185,000 |
| 6960 JAY LN |
AZLE |
3 |
3.1 |
2/0/2 |
3,329 |
1.380 |
1965 |
N |
77 |
259,000 |
93 |
1/10/2008 |
72.09 |
240,000 |
| 13240 MILLER RD |
Azle |
2 |
1.0 |
2/0/2 |
1,098 |
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1962 |
N |
103 |
300,000 |
100 |
12/17/2007 |
273.22 |
300,000 |
| 12060 N OAK CT CT |
AZLE |
2 |
2.0 |
2/2/4 |
2,114 |
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1975 |
N |
238 |
335,000 |
93 |
2/11/2008 |
146.64 |
310,000 |
| 11224 Eustace DR |
No City |
3 |
2.0 |
2/0/2 |
1,757 |
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9999 |
N |
103 |
339,000 |
96 |
3/06/2008 |
184.97 |
325,000 |
| 9305 Westview RD |
Fort Worth |
3 |
2.0 |
0/2/2 |
1,990 |
0.005 |
1955 |
N |
0 |
399,900 |
82 |
10/19/2007 |
165.78 |
329,900 |
| 11761 OAKWOOD LN |
Fort Worth |
3 |
2.0 |
3/0/3 |
2,900 |
1.000 |
1950 |
N |
329 |
450,000 |
102 |
9/14/2007 |
158.62 |
460,000 |
| 9148 TIMBER OAKS DR |
FORT WORTH |
4 |
2.1 |
2/0/2 |
3,930 |
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1979 |
N |
398 |
599,900 |
95 |
11/14/2007 |
145.04 |
570,000 |
| 5816 Lakeside DR |
Fort Worth |
4 |
3.0 |
3/0/3 |
4,034 |
0.716 |
2004 |
N |
28 |
699,000 |
93 |
10/12/2007 |
161.13 |
650,000 |
| 473 Schooner DR |
Azle |
4 |
3.1 |
2/0/2 |
3,595 |
0.003 |
1988 |
Y |
46 |
699,000 |
97 |
11/02/2007 |
189.15 |
680,000 |
| Min |
1 |
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590 |
0.003 |
1950 |
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3 |
131,700 |
82 |
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124,100 |
| Max |
4 |
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4,034 |
1.380 |
9999 |
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398 |
699,000 |
102 |
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680,000 |
| Average |
3 |
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2,300 |
0.530 |
2588 |
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152 |
365,415 |
94 |
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344,462 |
| Number of Properties: 13 |
| Average ( SalePrice / SqFt ) : $149.77 |
If you would like a complete market analysis of the above statistics, please contact me. I look forward to hearing from you soon.
Regards,
Bernie
Monday, 10 March 2008
  
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9516 PARK DRIVE
Property Description: Almost 20 acres of land including a stately custom residence to suit the family that wants it all. Located only minutes from Ft Worth, this beautiful custom home features a pool, 4 car garage, 2 car detached garage. Pull up in the winding driveway to the spacious porte cache. The homes entry opens onto beautiful wood floors throughout. This spacious home boasts a large formal dining room, butlers pantry & many built ins, enormous kitchen with island, 2dishwashers,2 ovens, plus micro-convection oven, builtin refridgerator, vegatable sink. Kitchen is open to huge den, and both have a view of the pool. Private master, fireplace, luxury bath & exercising area-study. Bedroom 2 downstairs. A unique feature of this home has an indoor basketball court upstairs adjoining the large gameroom-wetbar. Bedrooms 3 & 4 are spacious and have private bath. Balcony & 2nd living area upstairs.
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| Exclusions: mineral rights and matching drapes-spread in girls bedroom upstairs |
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Directions: 820 to Azle Avenue Exit, R on Boat Club, R on Park Drive which is just after stoplight on Boat Club & Bailey-Boswell, home on the left.
VIRTUAL TOUR
If you would like to visit this house for a showing, please contact The Christian Group to set up an appointment.
Regards,
Bernie
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Friday, 07 March 2008
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Lake Front Properties currently for sale around Eagle Mountain Lake
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| Subject Property |
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| Address |
City |
BR |
Bth |
Gar/
Cp/TCP |
SqFt |
Acr |
Blt |
PL |
CDOM |
Orig Price |
$/ SqFt |
List Price |
LP% OP |
| 6767 Briar RD |
Azle |
1 |
1.0 |
0/2/2 |
1,317 |
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1970 |
N |
18 |
130,000 |
98.71 |
130,000 |
100 |
| 6770 Briar RD |
Azle |
2 |
2.0 |
0/6/6 |
1,008 |
0.300 |
1975 |
N |
18 |
225,000 |
223.21 |
225,000 |
100 |
| 6812 Briar RD |
Azle |
3 |
2.0 |
0/2/2 |
2,546 |
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1962 |
N |
182 |
250,000 |
97.80 |
249,000 |
100 |
| 6757 Briar RD |
AZLE |
3 |
2.0 |
2/1/3 |
1,648 |
0.280 |
1985 |
N |
6 |
259,900 |
157.71 |
259,900 |
100 |
| 6774 Briar RD |
Azle |
5 |
3.0 |
2/0/2 |
2,200 |
0.001 |
1962 |
N |
304 |
289,000 |
131.36 |
289,000 |
100 |
| 11214 Eustace DR |
Azle |
3 |
2.0 |
3/0/3 |
1,756 |
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1998 |
N |
24 |
289,900 |
165.09 |
289,900 |
100 |
| 1817 SPINNAKER LN |
AZLE |
3 |
2.0 |
2/0/2 |
2,869 |
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1992 |
N |
530 |
349,000 |
118.16 |
339,000 |
97 |
| 12904 Gantt RD |
Azle |
3 |
1.0 |
0/0/0 |
1,212 |
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1970 |
N |
89 |
390,000 |
297.03 |
360,000 |
92 |
| 524 Topside DR |
Azle |
4 |
3.1 |
3/0/3 |
3,300 |
0.500 |
2003 |
N |
169 |
439,900 |
131.79 |
434,900 |
99 |
| 7949 BAL HARBOUR CT |
FORT WORTH |
3 |
2.1 |
2/0/2 |
2,629 |
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1993 |
Y |
421 |
479,000 |
170.79 |
449,000 |
94 |
| 7140 Rucker ST |
Azle |
4 |
3.0 |
0/3/3 |
3,361 |
15.890 |
1936 |
N |
179 |
500,000 |
133.89 |
450,000 |
90 |
| 8805 Random RD |
Fort Worth |
7 |
4.1 |
1/2/3 |
4,741 |
0.300 |
1978 |
N |
1 |
469,990 |
99.13 |
469,990 |
100 |
| 9250 CAPE ROYALE CT |
FORT WORTH |
4 |
3.1 |
2/0/2 |
3,600 |
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1989 |
N |
364 |
549,000 |
138.61 |
499,000 |
91 |
| 11761 Oakwood LN |
Fort Worth |
4 |
2.0 |
3/0/3 |
2,537 |
1.000 |
1950 |
N |
31 |
519,900 |
204.93 |
519,900 |
100 |
| 6572 WELLS BURNETT RD |
FORT WORTH |
3 |
3.0 |
1/0/1 |
2,443 |
0.460 |
1965 |
N |
261 |
599,000 |
235.37 |
575,000 |
96 |
| 8905 Random RD |
Fort Worth |
4 |
2.1 |
2/0/2 |
4,016 |
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1978 |
N |
37 |
579,900 |
144.40 |
579,900 |
100 |
| 7828 Skylake DR |
Fort Worth |
4 |
4.0 |
2/0/2 |
4,605 |
0.004 |
1979 |
N |
11 |
725,000 |
157.44 |
725,000 |
100 |
| 305 N Broadway RD |
Azle |
5 |
5.0 |
4/0/4 |
5,135 |
0.003 |
1998 |
N |
493 |
799,000 |
155.60 |
799,000 |
100 |
| 9945 Boat Club RD |
Fort Worth |
2 |
2.0 |
0/2/2 |
1,654 |
1.250 |
1941 |
N |
12 |
950,000 |
574.37 |
950,000 |
100 |
| 9968 Boat Club RD |
Fort Worth |
4 |
4.0 |
1/2/3 |
2,816 |
3.269 |
1960 |
N |
217 |
1,200,000 |
354.76 |
999,000 |
83 |
| 12625 Lakeview CT |
Saginaw |
4 |
5.0 |
3/0/3 |
5,201 |
0.510 |
2002 |
Y |
2 |
1,250,000 |
240.34 |
1,250,000 |
100 |
| 4318 Shore Front DR |
Fort Worth |
5 |
4.1 |
0/2/2 |
5,899 |
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1984 |
N |
47 |
1,500,000 |
254.28 |
1,500,000 |
100 |
| 8600 Greentree CT |
Fort Worth |
5 |
3.2 |
3/0/0 |
5,894 |
0.005 |
1982 |
N |
164 |
1,600,000 |
271.46 |
1,600,000 |
100 |
| 7928 Summit CV |
Fort Worth |
3 |
4.0 |
3/0/3 |
5,774 |
0.004 |
1978 |
Y |
182 |
1,900,000 |
329.06 |
1,900,000 |
100 |
| 8801 Royal Harbor CT |
Fort Worth |
7 |
6.2 |
0/2/2 |
10,793 |
1.239 |
1970 |
Y |
122 |
2,500,000 |
231.63 |
2,500,000 |
100 |
| Min |
1 |
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1,008 |
0.001 |
1936 |
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1 |
130,000 |
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130,000 |
83 |
| Max |
7 |
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10,793 |
15.890 |
2003 |
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530 |
2,500,000 |
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2,500,000 |
100 |
| Average |
4 |
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3,558 |
1.560 |
1976 |
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155 |
749,740 |
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733,700 |
98 |
| Number of Properties: 25 |
| Average ( ListPrice / SqFt ) : $206.21 |
If you would like to visit any of the above properties, please contact us.
Regards,
Bernie
Thursday, 06 March 2008
Waterfront properties on Eagle Mountain Lake and on Lake Worth are soon coming into season. That is, the demand for these properties is usually strongest beginning in March of every year. Lakefront or waterfront buyers traditionally get spring fever and want to purchase a property on the lake early in the spring season so that they can be on the lake by summer. The choicest waterfronts will go more quickly leaving a picked over inventory by mid summer.
We have made waterfront/lakefront homes our passion and as a result, we have sold more waterfront homes than any single realtor around Eagle Mountain Lake in Fort Worth, Texas.
We are ready to take you call or receive you email of your interest about one of our listings that are on the lake or we can also help you with another agent's or broker's listings.
Please contact The Christian Group for more information about these properties.
Regards,
Bernie
Tuesday, 04 March 2008
The spring season is just ahead of us and for those of us in real estate sales, we know that is the busiest time of the year. Specifically, March, April and May are the three biggest months for sales and have been for the last several years that I've been keeping track of statistics. Even though the market has been tough in the eyes of many, buyers and sellers should still look forward to a more robust real estate sales market than we had in the last two quarters. Flying in the face of convention, The Christian Group has just had the best January and February it ever had in any given year since 2004. It seems like 2008 is beginning to be a very unusual year indeed. I think that quite a few folks are out there wondering whether they are credit worthy enough to purchase a home. This thought might hold a lot of people back because everyone's heard so much of the negative hype spewed out by the media. If your credit is not so good, it might be compensated by the outlay of additional downpayment on the home. There are actually all kinds of factors that influence mortgage companies. However, you never know until you actual apply for loan pre approval whether you're a viable candidate. Because builder homes are still reasonably priced at the present time and because existing home prices have softened in North Texas, it is most probably worth your while to explore whether you can qualify for a loan. Home prices will not be soft for ever, and builders will soon run out of their inventory (having slowed their build jobs) eventually resulting in sufficient pressure for price increases. When will this happen you might ask? It would be difficult to make an accurate assumption that would be useful to anyone. However, most people are not really savvy enough to time the market such that they make a purchase at just the right time and on just the right terms. No one, but no one, can predict mortgage interest rates (except that they will change) and no one knows when markets will zing back to previous highs or sink to lower lows. I suggest that because rates are still historically low...its now a good time to buy...that because it is considered by some to be a buyer's market...it is now (for buyers) an especially good time to buy...that because most of us are not market experts and don''t know enough about financial and housing markets...that now is not the time to...time the market, but rather the superior thinking and strategy is to buy in a market when things are really not so bad and when given market factors are known. "Better the devil you do know than the devil you don't" someone once said. In fact, it is a pretty darn good time to buy a home if you're a prospective buyer. Don't wait! Search for a home now and be in your new home in time to enjoy your new yard, planting, barbecue , swimming pool or lake frontage before summer comes and goes.
If I can be of service to you, please contact me for an appointment to see one of our many residential listings, lakefront homes and lake lots.
Regards,
Bernie

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The Christian Group
Keller Williams® Realty
4880 Boat Club
Fort Worth, TX 76135
Mon-Fri: 9am-5:30pm
(817) 269-1660
All Other Times:
(817) 480-8425
TerriChristian@KW.com
Bernie_Christian@KW.com

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