Saturday, September 10, 2016


Today's Top Three Luxury Estates in San Diego, Los Angeles, San Francisco and Seattle Just Listed For Sale

                                           .                                 
                                      
                                     "A mansion is a large and stately dwelling"



The word mansion derives through Old French from the Latin word mansio "dwelling", an abstract noun derived from the verb manere "to dwell". The English word "manse" originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way.  'Manor' comes from the same root—territorial holdings granted to a lord who would remain there—hence it is easy to see how the word 'Mansion' came to have its meaning.  Windsor Castle located in Berkshire, England is the largest mansion in the world with around 484,000 sq.ft.


Today's Top Three Mansions

#1     806 Rodeo Drive, Beverly Hills, CA 92101 with 11 bedrooms, 13 baths, and 15,000 sq.ft. is listed for sale at $29,995,000.

806 N Rodeo Drive, Beverly Hills, CA

This exquisite was originally owned by Donald Trump. When the current owner rebuilt the estate--which was constructed in the early 1980s--he added 5,000 square feet of living space with no expense spared. The mansion includes an elevator, a spice kitchen--used for food preparation--and a sauna. The seller added a Bose sound system, which runs throughout the entire property.The mansion opens onto a sprawling backyard. It features a swimming pool with fountains, a Carrara marble patio, and a regulation-size sports court--all of which are new. This is an estate with boundless warmth and timeless style. Its perfect for entertaining and comfortable living at it best!

Image result for A Beverly Hills Mansion Once Owned by Donald Trump Lists for Nearly $30 Million

806 North Rodeo Drive Image #3

806 N Rodeo Drive, Beverly Hills, CA

806 N Rodeo Drive, Beverly Hills, CA

806 N Rodeo Drive, Beverly Hills, CA

806 N Rodeo Drive, Beverly Hills, CA

806 N Rodeo Drive, Beverly Hills, CA

806 N Rodeo Drive, Beverly Hills, CA

#2     1627 East Valley Road, Montecito, CA 93108 with 8 bedrooms, 13 baths, and 21,345 sq.ft. is listed for sale at $52,000,000.

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This is a rare opportunity to acquire one of the most grand estates, in the finest location of Montecito. Behind beautiful gates a tree lined driveway leads to this impeccably designed home with views overlooking both the ocean and mountains. The definition of luxury living, no detail has been overlooked. From the awe inspiring Lockwood De Forest Jr. designed gardens and pond, to the highest quality finishes of the interior. The approximate 9.37 acre estate includes the main house, guest house, pool, pool house, tennis court, tennis pavilion, 4-car garage, two 2-car detached garages, rose, flower and organic vegetable gardens, and reflecting pond with fountain.

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#3     740 Park Avenue #67A, Upper East Side-New York, NY 10021 with 4 bedrooms and 7 baths is listed for sale at $32,500,000.    

740 Park Avenue is one of Manhattan’s most celebrated residential landmarks designed by architect Rosario Candela. Recently and impeccably renovated, this immense 14 into 12 room duplex seamlessly incorporates custom modern finishes within a traditional architectural vernacular. Anchored by a vast marble gallery with sweeping staircase, the entertaining floor includes a baronial living room facing Park Avenue, handsome library with original paneling, and tremendous dining room; all of which enjoy fireplaces. The state-of-the-art St. Charles designed kitchen includes a sunny breakfast room and staff quarters. Upstairs, the expansive master suite overlooks Park Avenue and includes two marble baths, two dressing rooms, and two offices. Additionally there are three large bedrooms with en-suite baths and a media room. Offered in superb condition, this newly renovated residence was finished to the highest standards and offers a chic contemporary take on a classic Park Avenue residence
Co-op for Sale at 740 Park Avenue 740 Park Avenue Apt 67A New York, New York 10021 United States










Today's Real Estate News
Most Affordable Housing Markets: Better Buy Now
By Diana Olick, CNBC

Home prices continue to rise and now the gains are accelerating again. Short supply is the culprit in the hottest areas, keeping properties supremely pricey

But supply isn't terribly tight everywhere; that presents some enticing new opportunities for buyers. Some of the most up-and-coming metropolitan housing markets are actually some of the most affordable. As millennials age out of their expensive rentals and seek affordable, urban homes, these new markets could heat up quickly.

"You're going to see places like Salt Lake City, Phoenix [heat up], as well. Employers will be conscious of the cost of living and the cost of housing," said Charlie Young, who just took over as the new CEO of Coldwell Banker.

Cleveland came in as the second-most affordable housing market, according to Coldwell Banker's just-released annual survey of housing affordability. The average four-bedroom, two-bathroom home will cost just $73,073. Compare that to the nation's least affordable markets, Silicon Valley's Saratoga, where the same home will cost $2,453,718. All of the top-10 least affordable markets are in California, thanks to the tech industry, but that could soon change.

"When you go back to Saratoga and Silicon Valley and the top markets in the country in terms of cost, you see that the employers in those markets are starting to have to look to other parts of the country," said Young.

While most of the nation's affordable markets are in the Northeast and Midwest, they are all within commuting distance of major cities. Younger first-time buyers have been a disproportionately small share of the market during the recovery, but are starting to move back into the homebuying market. They are more mobile than move-up buyers with families, so as first-timers return new markets could become less affordable.

"I think that with anything, supply and demand helps drive pricing. When you look at this list, the United States is a very affordable housing market in general. Clearly there is a shift towards urban living by millennials," added Young.





Today's Top Three San Diego Luxury Estates
sandiegorealestateflashreport.com.

Image result for san diego skyline art

The median home value in San Diego County is $513,600 and is up 5.4% over the past year.  Zillow predicts it will rise 1.7% within the next year. 

The median home value in La Jolla is $1,665,500  and is up 6.1% over the past year.Zillow predicts it will rise 1.8% within the next year. 

The median home value in Rancho Santa Fe is $2,736,700 and is up 1.3% over the past year. Zillow predicts it will rise 1.6% within the next year.



#1      624 Marvista Drive, Solona Beach, CA 92075 with 4 bedrooms, 4 baths and 3,501 sq.ft. is listed for sale at $3,478,000.

624 Marvista Dr, Solana Beach, CA 92075


Quality finishes and sophistication shown thru out this contemporary modern showpiece. Open floor plan offers sweeping ocean views from both the main living area and upstairs bedrooms. Expansive patio and upstairs deck is perfect for outdoor entertaining. Great room opens with floor-to-ceiling sliding glass doors. A quiet location and close to the Cedros Design District, train station, restaurants, shopping and beaches. You"ll definitely want to see this gorgeous estate.

624 Marvista Dr, Solana Beach, CA 92075

624 Marvista Dr, Solana Beach, CA 92075


624 Marvista Dr, Solana Beach, CA 92075

624 Marvista Dr, Solana Beach, CA 92075


#2       484 Prospect Street, La Jolla, CA 92037 with 11 bedrooms, 12 baths, and 
16,683 sq.ft. is listed for sale at $11,995,000.

484 Prospect St, La Jolla, CA 92037


The premier in-village living experience in La Jolla, if not all of Southern California! Comfortable opulence can be yours at this exceedingly private and luxurious villa which features 7 bedroom suites and 4+ additional guest rooms or offices, multiple entertaining areas and balconies, as well as phenomenal ocean views, all within a short stroll of La Jolla's world class dining/entertainment, The Bishop's School and famous La Jolla Cove

484 Prospect St, La Jolla, CA 92037

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484 Prospect St, La Jolla, CA 92037

484 Prospect St, La Jolla, CA 92037

484 Prospect St, La Jolla, CA 92037

#3       128 9th Street, Del Mar, CA 92014 with 4 bedrooms, 3 baths, and 2,974 sq.ft. is listed for sale at $5,295,000

128 9th St, Del Mar, CA 92014

The unobstructed Pacific Ocean views to La Jolla are hard to ignore from this rare, classic double-lot property west of Stratford Court in Del Mar This spacious and secluded Hollywood Chic home nestles up to pristine ocean-facing brick patio with expert plantings, shaded areas and plenty of greenery. Multiple patio enclaves can be used for entertaining, dining or relaxing in the ocean breeze. Mature landscaping and built-in grill area creates an outdoor oasis in the heart of Del Mar 

128 9th St, Del Mar, CA 92014

128 9th St, Del Mar, CA 92014

128 9th St, Del Mar, CA 92014

128 9th St, Del Mar, CA 92014

128 9th St, Del Mar, CA 92014

Today's Top Three San Francisco Luxury Estates
sanfranciscorealestateupdates.com

The median home value in San Francisco is $1,106,400 and is up 1.3% over the past year. Zillow predicts it will go down - 0.4% within the year.

The median home value in Sausilito  is $1,204,600 and is up 8.3% over the past year. Zillow predicts it will rise .5%  this year. 

The medium home value in Tiburon is $2,350,300 and is up 3.7% over the past year. Zillow predicts it will rise 0.2% this year 

The median home value in Saratoga is $2,343,100. Saratoga home values have gone up 2.1% over the past year and Zillow predicts they will go down (0.5)% within the next year.

#1      25 Rico Way, San Francisco-Marina, CA 94123 with 3 bedrooms, 4 baths, and 3,361 sq.ft. is listed for sale at $4,998,000.

25 Rico Way, San Francisco, CA 94123


Unique in so many ways, 25 Rico was completed as new construction in 2003 resulting in an adult, sophisticated home as exciting for entertaining as it is soothing after a long day. Main level enjoys 11' ceilings and an open living-kitchen-dining space centered on a professional chef's own kitchen. Concrete flrs, white ash cabinetry and limestone provide an aesthetic grounded in nature. 3rd level 2 BR suites (one as ofc) with glimpses of GG Bridge from inside the master; lndry. Roof deck w/ 360 views - GGB, Bay, Alcatraz, Rus.Hill, Pac Hts, Palace. 1st level guest suite opens to garden/patio. 5 outdoor spaces enjoy mature landscaping and dramatic night lighting. Elevator, solar, water filtration, radiant heat and more. 2car sbs garage. Totally cool

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

25 Rico Way, San Francisco, CA 94123

#2      25 Bond Lane, Tiburon, CA 94920 with 4 bedrooms, 3 baths, and 3,901 sq.ft. is listed for sale at $4,100,000.

25 Bond Ln, Tiburon, CA 94920


Compass' first Marin listing! The best house in Tiburon! Bond. 25 Bond. For your eyes only. This entrancing beauty will blow you away with its resortlike backyard and huge lawn overlooking Mt. Tam. It is rare to have a flat lawn, sun and views so close to San Francisco. Enter down a private gate, there is over 1 acre here. The top floor is the master suite with space galore. You are licensed to cook away in the kitchen and open family room

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

25 Bond Ln, Tiburon, CA 94920

#3      27589 Samuel Lane, Los Altos Hills, CA 94022 with 4 bedrooms, 5 baths, and 5,441 sq.ft. is listed for sale at $4,500,000.

27589 Samuel Ln, Los Altos Hills, CA 94022

Beautifully finished custom home on approximately 1.23 acres. Newly finished inside and out. Formal living room with wall of floor-to-ceiling cabinetry, crown moldings, recessed lighting, and glass-enclosed fireplace. Beautiful chef's kitchen with white cabinetry, granite slab counters and full height backsplashes, island with counter seating plus large casual dining area. Open family room with wood-burning fireplace, crown moldings and recessed lighting. Main-level master bedroom suite with floor-to-ceiling built-in cabinetry, French doors to a private deck and recessed spa, gas-log fireplace and dressing room with two walk-in closets. Expansive upstairs bonus room with cathedral ceiling, maple floors, windows on two sides and adjoining half-bath. Spacious entertainment terrace off the family room/kitchen with vine covered pergola, fireplace and barbecue center. Wraparound yard plus footbridge over seasonal creek leading to a vast open field.

27589 Samuel Ln, Los Altos Hills, CA 94022

27589 Samuel Ln, Los Altos Hills, CA 94022

27589 Samuel Ln, Los Altos Hills, CA 94022

27589 Samuel Ln, Los Altos Hills, CA 94022

27589 Samuel Ln, Los Altos Hills, CA 94022

27589 Samuel Ln, Los Altos Hills, CA 94022


Today's Top Three LA Luxury Estates
larealestateupdates.blogspot.com




The median home value in Los Angeles County is $532,000 and has gone up 6.7% over the past year.  Zillow predicts they will rise 1.1% within the next year. 

The median home value in Malibu is $2,541,200 and has gone up 1.6% over the past year. Zillow predicts they will go down -0.3% within the next year.

The median home value in Beverly Hills is $3,027,200 and has gone up 6.3% over the past year. Zillow predicts they will rise 0.7% within the next year.

The median home value in Bel Air is $3,137,700 and has gone up 5.1% over the past year. Zillow predicts they will rise 0.5% within the next year.


#1      8 Oakmont Drive, Brentwood, California 90049 with 8 bedrooms, 12 baths, and 9,526 sq,ft, is listed for sale at $10,950,000.


This breathtaking contemporary is nestled behind a gated entry in sought after Brentwood. The unbeatable location on prestigious Oakmont Dr. provides incredible privacy and is inarguably one of the most exclusive residential streets in the city. This 8bd, 12ba home will appeal to the most discerning buyers. Entertain with ease in the formal living room and grand-scale family room that seamlessly opens to the sunny breakfast area and expansive deck. Step into the gourmet kitchen and feel like a top chef with high-end appliances and a large center island. Upstairs find 4 generously sized ensuite bdrms. Let the world melt away in the majestic master wing with luxurious dual bathrooms, walk-in dressing rooms & more! The lower level entertaining space is imaginative and inspired with a wine cellar, sauna, bar, and 3 additional bdrms. Enjoy this private oasis complete with a sparkling pool & spa, beautiful outdoor seating areas and 8 car garage! This spectacular home makes a lasting impression!














#2     27551 Pacific Coast Highway, Malibu, CA 92065 with 9 bedrooms, 11 baths, and 10,000 sq.ft. is listed for sale at $11,950,000

27551 Pacific Coast Hwy, Malibu, CA 90265

Gorgeous 1906 Craftsman with over 4260 sq.ft. (does not include finished 3rd story) restored and remodeled to perfection. Beautiful chefs kitchen, top of the line appliances and casual dining area. Entertaining sized living and dining rooms all opening out to an expansive deck with sweeping lake, mountain and Mt. Rainier views. Enjoy these same views from most rooms. 5 large bedrooms, high ceilings, exquisite millwork, hardwood floors and much more. 2 car gar. Short walk to lake, parks and schools

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265

27551 Pacific Coast Hwy, Malibu, CA 90265


#3     31240 Beach View Estates Drive, Mailibu, CA 90265 with 7 bedrooms, 8 baths, and 7,692 sq.ft. is listed for sale at $7,350,000


With one of the best vws in Malibu, this modern home features a warm and inviting architectural style that flows with the surrounding nature. Explosive views from entry and great room, soaring ceilings, limestone fireplace, automatic triple-track sliding glass door system. Back yard has a full-length lap pool, 14-jet spa, Wolfe barbecue center and covered outdoor room w/fireplace. Wolfe appliances, Sub Zero fridge. Smooth limestone floors on main and lower levels, natural walnut upstairs. Master wing is a spa retreat unto itself. Bathroom has jetted spa tub and large steam shower with multiple shower heads. Other wing has 4+3. Exec. office is perched over great room. Lwr level is designed as home theatre, wine cellar and has an aquarium view window into the pool. Large fmly rm has full bar. High ceilings & natrl light create a happy, calming environment that reminds you that the blue Pacific is part of every moment in this harmonious luxury residence








Today Top Three Seattle Luxury Estates
seattleluxuryrealestateupdates.com

The median home value in Kirkland is $571,000. Kirkland home values have gone up 14.5% over the past year and Zillow predicts they will rise 6.7% within the next year. 

The median home value in Seattle is $588,000. Seattle home values have gone up 15.7% over the past year and Zillow predicts they will rise 6.9% within the next year. 

The median home value in Bellevue is $723,400. Bellevue home values have gone up 13.2% over the past year and Zillow predicts they will rise 5.8% within the next year. 

The median home value in Mercer Island is $1,236,700. Mercer Island home values have gone up 12.6% over the past year and Zillow predicts they will rise 6.5% within the next year.

The median home value in Clyde Hill is $2,178,600. Clyde Hill home values have gone up 9.6% over the past year and Zillow predicts they will rise 5.2% within the next year. 



The median home value in Medina is $2,354,100. Medina home values have gone up 11.0% over the past year and Zillow predicts they will rise 5.0% within the next year.


#1     2025 Rose Point Lane, Kirkland, WA 98033 with 5 bedrooms, 5 baths, and 5,330 sq.ft. is listed for sale at $4,395,000.

2025 Rose Point Lane, Kirkland, WA

Location, Location, Location. The best spot in all of Kirkland. 95 feet of breathtaking frontage with magnificent bowed windows that showcase panoramic views of the lake and Seattle. Quality LEED Platinum construction. West of Market. 5330 Sq Ft with 5 bedrooms and baths. ADU with private entrance & Lake views. First class oversized dock (25,000 and 10,000 pound boat lifts), stunning waterside yard. It doesn't get much better than this!

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

2025 Rose Point Lane, Kirkland, WA

#2      1726 Evergreen Place, Seattle-Capital Hill, WA 98122 with 5 bedrooms, 4 baths, and 4,260 sq.ft. is listed for sale at $3,150,000.

1726 Evergreen Pl, Seattle, WA 98122

Gorgeous 1906 Craftsman with over 4260 sq.ft. (does not include finished 3rd story) restored and remodeled to perfection. Beautiful chefs kitchen, top of the line appliances and casual dining area. Entertaining sized living and dining rooms all opening out to an expansive deck with sweeping lake, mountain and Mt. Rainier views. Enjoy these same views from most rooms. 5 large bedrooms, high ceilings, exquisite millwork, hardwood floors and much more. 2 car gar. Short walk to lake, parks and schools

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

1726 Evergreen Pl, Seattle, WA 98122

#3        2000 38th Avenue E, Seattle-Madison Park, 98112 with 3 bedrooms, 3 baths, and 4,010 sq.ft. is listed for sale at $2,275,000

2000 38th Ave E, Seattle, WA 98112

Wind the brick stairways and manicured hedges toward Canterbury Cottage, a beloved, shingled hideaway nestled in the heart of Madison Park. The perfect retreat from the hustle and bustle of city life, this cherished home is embraced by a private, gated garden. Prominently positioned on a corner lot with over 2000sf of one-level living on the main and a totally finished lower level. A pleasant walk to the charming Madison Park village where coffee houses and eateries meet one-of-a-kind boutiques.

2000 38th Ave E, Seattle, WA 98112

2000 38th Ave E, Seattle, WA 98112

2000 38th Ave E, Seattle, WA 98112

2000 38th Ave E, Seattle, WA 98112

2000 38th Ave E, Seattle, WA 98112

2000 38th Ave E, Seattle, WA 98112

Today's Mortgage Rates

  • 30YR
    3.46%
    (+0.06)
  • 15YR
    2.80%
    (+0.05)
  • FHA
    3.25%
    (+0.03)
  • Jumbo
    3.60%
    (+0.08)
  • 5/1ARM
    2.90%
    (+0.05)













Mortgage Rates Spike to 2-Month Highs
Mortgage Rates continued sharply higher today, as financial markets quickly adjust their outlook for global monetary policy (the rate-setting and asset purchases among central banks like the Fed).  The move began with yesterday's announcement and press conference from the European Central Bank (ECB).  If you remember the analogy of the Federal Reserve "taking away the punchbowl"--an allusion to accommodative monetary policy--the ECB essentially passed on the opportunity to reassure markets about the availability of its own punchbowl.

Long story short, central banks have been juicing financial markets with low interest rates and free money in the form of asset purchases (e.g. "QE" in the US).  Financial markets are having a tantrum because they see yesterday as the first clue that the ECB might get more stingy with its allowance.  That had a direct effect on bond markets around the world, which in turn influences mortgage rates.

Many borrowers will see quotes on conventional 30yr fixed  loans move up an eighth of a point today, or from 3.375% to 3.5% on average.  Just as many will see the same rate they would have seen yesterday, but with noticeably higher closing costs (or lower lender credit, as the case may be).

This is the biggest threat we've seen to the low, narrow rate range of the past 2 months.  The only safe bet here is to plan for rates to continue to move higher until and unless they prove they can do otherwise.

Loan Originator Perspectives


Interest rates, for the first time in a while, are threatened with a potential major leg up and shift in momentum.  Based on the last week of trading, I would say locking today is a losers bet.  Although I have been locking almost all my loans with a 3-4 week closing horizon, I am not locking into today's selling, unless the rate has not been affected by today's move (surprisingly this is the case on many loans today).  Otherwise, I am waiting to see how this really pans out into next week.  Loans with at least 45 days to close have plenty of time to play the game.  Enjoy the weekend!  -Gus Floropoulos, VP, The Federal Savings Bank

Bonds (and stocks) lost significant ground today, and yields rose to their highest levels since June's Brexit vote.  My pipeline is 100% locked, and that's good, as the trend is not our friend.  This may end up being a head fake, with markets settling down next week, but I wouldn't plan on that.  I'll advise borrowers to lock early in the process, unless they have a large appetite for risk and can qualify without relying on current rates.  -Ted Rood, Senior Originator

Today's Best-Execution Rates
  • 30YR FIXED - 3.375 - 3.5%
  • FHA/VA - 3.0 - 3.25%
  • 15 YEAR FIXED - 2.75%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • In the biggest of pictures, "global growth concerns" remain the driving force behind the long-term trend toward lower rates
  • Amid that trend, periodic corrections toward higher rates can and will happen.  These can happen for no apparent reason, or they can be brought on by changes in expectations surrounding central bank policy at home and abroad, as well as geopolitical and systemic risks

  • Time horizon and risk tolerance are 2 variables to consider when it comes to locking.  If you have plenty of time and don't mind losing some ground, set a limit as to how much higher rates could go before you'd lock to avoid further losses, and then float in the hopes of never seeing that limit.
     
  • In the shorter-term, it's always good to look for lock opportunities after rates have been moving lower or sideways repeatedly, especially if they've since begun to move back up in any sort of consistent way.
     
  • As always, please keep in mind that the rates discussed generally refer to what we've termed 'best-execution(that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also 'bang-for-the-buck.'  Generally speaking, our best-execution rate tends to connote no origination or discount points--though this can vary--and tends to predict Freddie Mac's weekly survey with high accuracy.  It's safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie's once-a-week polling method). 

Thanks for reading today's Blog. Looking for more information? Have a comment? Call or email me.

Sincerely,


Tom Furino

email:                 tomstopmansions@gmail.com   
phone/text        619-944-8749