Wednesday, September 21, 2016

Today's Top Three Luxury Estates in San Diego, Los Angeles, San Francisco and Seattle 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     1231 Lago Vista Drive, Beverly Hills, CA 90210 with 7 bedrooms, 11 baths, and 14,173 sq.ft. is listed for sale at $43,900,000.

1231 Lago Vista Dr, Beverly Hills, CA 90210

No  expense was spared in designing this un-parralled 7-bedroom, 11-bath residence. A stunning 6 ft Mooi chandelier, 2 sets of floating staircases, and an original Andy Warhol greet guests at the entrance. The main level & all baths feature Nano Glass, a scratch and stainproof stone composite slab. All carpeting is custom-sized and hand-knotted. The oversized elevator is fronted by custom L'invisible bank vault doors, and even the air conditioning vents are configure vertically for a sleek, seamless appearance. Over a million dollars in furnishings by B andB Italia, Minotti, and Gandia Blasco are offset by the latest in-home inspirations and technology, including 33 soaring floor to ceiling Rimadesio Italian glass magnetic doors. Fully integrated Crestron automation & environment controls make adjustment of all household systems as easy as the push of a button. Other highlights include a 600-bottle floating backlit wine cellar that opens with a thumbprint and a state-of-the-art home theater.

1231 Lago Vista Dr, Beverly Hills, CA 90210

1231 Lago Vista Dr, Beverly Hills, CA 90210

1231 Lago Vista Dr, Beverly Hills, CA 90210

1231 Lago Vista Dr, Beverly Hills, CA 90210

1231 Lago Vista Dr, Beverly Hills, CA 90210

1231 Lago Vista Dr, Beverly Hills, CA 90210

#2     1011 N Beverly Drive, Beverly Hills, CA 90210 with 30 bedrooms, 40 baths and 
50,000 sq.ft. is listed for sale at $195,000,000

Hot Property | Beverly House

This historic estate, dubbed “The Beverly House” was built for local banker Milton Getz and later owned by publishing magnate William Randolph Hearst and actress Marion Davies. It was first listed in 2007 for $165 million by owner financier Leonard Ross. The price then fluctuated throughout the years and was lasted listed at $135 million back in 2014.It features a main house, 2nd home, cottage and security house with approximately 50,000 square feet of living space. There are a total of 30 bedrooms and 40 bathrooms.The main house features grand formal reception rooms, 2-story library, billiards room, wet bar and much more.Outdoor features include a gated entrance, motor court, terraces and loggias, lighted tennis court, swimming pool, fountains and two ponds. 


Hot Property | Beverly House

Hot Property | Beverly House

Hot Property | Beverly House

Hot Property | Beverly House

Hot Property | Beverly House

Hot Property | Beverly House

Hot Property | Beverly House

#3     Great Island, Darien, CT with 10 bedrooms, 10 + baths and 13,107 sq.ft. is listed for sale at $175,000,000.


This extraordinary 63 acre waterfront island estate with seemingly endless east, south, and west views of long island sound to the long island shore adjoining 14 acres of conservation property with a wide landbridge to the gated mainland driveway leading to long neck point in darien only minutes from Greenwich. incredible beauty and solitude; views of lighthouse as well as secluded anchorage in hidden cove. romantic italian stone manor house, plus substantial stable and equestrian facilities including a polo field and an indoor ring plus additional dwellings; beach house, and boathouse.

 

 



 


Today's Real Estate News  

More New Homes Are Going Up, and Not Just for Luxury Buyers

Real Estate News

newly-constructed-homes-August-2016


In a landscape where there just aren’t enough houses for sale, more new homes are finally being built—but builders will have to really step it up to meet the enormous demand.
In August, the number of completed, brand-new homes jumped 4.9% from a month earlier, to 98,300, according to the U.S. Department of Commerce’s monthly new residential construction report. It was also up 6.7% from a year ago.

Realtor.com® looked only at the report’s nonseasonally adjusted numbers, which weren’t smoothed out over a 12-month period to account for seasonal fluctuations.
The new properties are expected to help alleviate the nation’s housing crunch—although they still fall far short of what’s needed.

“It’s simply not enough construction to address the shortage of homes for sale and apartments for rent,” says realtor.com’s chief economist, Jonathan Smoke.

And with the scarcity of land, high building and materials costs, and a labor shortage, “the construction has been more toward … higher-rent apartments and more expensive homes.”
But Smoke believes builders are beginning to put up more affordably priced abodes for first-time buyers and other aspiring homeowners who aren’t fortunate enough to be in the top 1%.

The number of finished single-family homes, 66,200, jumped 6.8% from the previous month and nearly 13% from a year prior. Meanwhile, the number of finished apartment and condo buildings with five or more units, 31,300, rose nearly 1% from July. But it was down 4.3% from August 2015.

“Builders are becoming more convinced that the demand is there” from buyers, Smoke says. They had previously been holding off on erecting too many new residences due to concerns about a faltering economy.

In another encouraging sign, the number of permits to put up new homes has rebounded from July. They rose 12.5% from July to August, to reach 107,000, according to the report. They’re also up 8.7% year over year.

The number of permits for single-family homes rose 16.9% from July and 15% from a year ago, hitting 71,300.

Buildings with five or more units, typically those sorely needed apartments as well as condos and co-ops, were up 2.8% from the previous month, at 32,500. But they were down 3.6% from the same time last year.

The majority of those permits are in the South, which is experiencing a building boom as more companies and people move below the Mason-Dixon Line to enjoy the lower cost of living. Builders obtained 51,900 permits in August—up 8.6% from July and 6.8% from a year ago.

The West had the second most permits issued at 25,300. That’s up 14.5% from the previous month and 5% from a year prior. Builders were issued 20,000 new permits in the Midwest, up 19% from July and 25% from August 2015.

The fewest new permits were doled out in the Northeast, where land is scarce and expensive, at 9,800. That was up 16.7% from a month earlier and 2.1% from a year prior.




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      2335 Juan, San Diego-Mission Hills, CA 92103 with 6 bedrooms, 8 baths, and 5,735 sq.ft. is listed for sale at $3,488,000.


Gated Spanish Eclectic estate is sited on over an acre of hilltop grounds with panoramic bay and city views. Likely designed by Richard Requa in 1930, residence retains original stenciled beams, classic archways, entry tile and wrought iron. First floor features spacious living areas, including well-appointed kitchen with adjacent breakfast area. Upstairs is complete with four bedrooms plus expansive master suite. Guest quarters over two-car garage. Mills Act affords significantly reduced property taxes.







#2       14296 Dalia Drive, Rancho Santa Fe, CA 92067 with 5 bedrooms, 6 baths, and 7,685 sq.ft. is listed for sale at $4,995,000.

14296 Dalia Dr, Rancho Santa Fe, CA 92067

Utter Bliss in this exquisite, Newly Reconstructed Home. A perfect blend of modern andtraditional, using top grade materials and chic finishes, creating a warm, inviting living environment. The bright open floor plan offers 6 generous bedroom suites, Office / library with Golf Course Views, disappearing Pocket Doors provide access to outdoor entertaining with beautiful limestone patios, beautiful chefs kitchen ,high-end designer details. First Floor grand master suite, Detached Guest Home, Yard with space


14296 Dalia Dr, Rancho Santa Fe, CA 92067

14296 Dalia Dr, Rancho Santa Fe, CA 92067

14296 Dalia Dr, Rancho Santa Fe, CA 92067


#3      7461 Via Capri, La Jolla, CA 92037 with 4 bedrooms, 5 baths, and 4,153 sq.f. is listed for sale at $3,399,000


This Mid Century masterpiece was designed in 1961 by James E Hurley for the Jenkins family. A classic post-n-beam structure that is highlighted by vaulted tongue groove ceilings and cedar siding. It has been meticulously rejuvenated with modern updates to its mid century splendor. Awe-inspiring unobstructed whitewater ocean views from almost every room in the house. Walls of sliding glass for seamless indoor-outdoor living. Its a Modernist Dream come true.

7461 Via Capri, La Jolla, CA 92037


7461 Via Capri, La Jolla, CA 92037

7461 Via Capri, La Jolla, CA 92037

7461 Via Capri, La Jolla, CA 92037

7461 Via Capri, La Jolla, CA 92037

7461 Via Capri, La Jolla, CA 92037

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     2614 Sacramento Street, San Francisco-Pacific Heights, CA 94115 with
 3 bedrooms, 3 baths, and 3,670 sq.ft. is listed for sale at $4,115,000.

27 Presidio Terrace, San Francisco, CA

In the Pacific Heights neighborhood and a short walk to Alta Plaza Park, 2614 Sacramento Street is a Victorian style home with 3 bathrooms and 3,670 square feet of living space. Nearby schools include Megan Furth Academy, Town School for Boys, William L. Cobb Elementary School, San Francisco Public Montessori and San Francisco University High School. A short distance to Clay Theater, CPMC Hospital and Lafayette Park

27 Presidio Terrace, San Francisco, CA

27 Presidio Terrace, San Francisco, CA

27 Presidio Terrace, San Francisco, CA

27 Presidio Terrace, San Francisco, CA

27 Presidio Terrace, San Francisco, CA

27 Presidio Terrace, San Francisco, CA


#2       75 Madrona Avenue, Belvedere, CA 94920 with 5 bedrooms, 4 baths, and 5,144 sq.ft. is listed for sale at $4,850,000. 

75 Madrona Ave, Belvedere, CA 94920

Built in 1988 by the current owners and thoughtfully designed, this traditional-style home is situated among mature oak trees with beautiful views from Belvedere Lagoon and across Belvedere Cove to Angel Island. The house has a flexible floor plan with 4 bedrooms plus an office, spacious casual areas for everyday living and generous formal rooms for entertaining. There is access to the outdoors from nearly every room. Ample parking for 6+ car.

75 Madrona Ave, Belvedere, CA 94920

75 Madrona Ave, Belvedere, CA 94920

75 Madrona Ave, Belvedere, CA 94920

75 Madrona Ave, Belvedere, CA 94920

75 Madrona Ave, Belvedere, CA 94920

75 Madrona Ave, Belvedere, CA 94920

#3      1180 Greenwich Street, San Francisco, CA 94103 with 2 bedrooms, 3 baths, and 2,000 sq.ft. is listed for sale at $1,995,000



Hip design, fun location and incredible views!! Situated at the pinnacle of Russian Hill, this contemporary townhouse, designed by noted SF architect Dan Solomon, features a unique, loft-like, open floor plan on the main living level. The upper floor includes a generous master suite w/walk-in closet; a guest bedroom and bath; and a large home office w/built-in bookcases. The home's crowning feature is a private, easily accessible roof deck that provides sweeping views from Angel Island and the North Bay around to Coit Tower, the Downtown skyline and the twinkling lights of the Bay Bridge. Prime, convenient location, close to the dynamic Polk, Hyde, North Beach dining/shopping districts, as well as to parks, cable cars and the north waterfront.  


1180 Greenwich St, San Francisco, CA 94109

1180 Greenwich St, San Francisco, CA 94109

1180 Greenwich St, San Francisco, CA 94109

1180 Greenwich St, San Francisco, CA 94109


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      21844 Pacific Coast Highway, Malibu, CA 90265 with 3 bedrooms, 2 baths, and 1,765 sq.ft. is listed for sale at $10,950,000



                       

Meticulously remodeled Carbon Beach jewel. This 3 bedroom, 2 bath home with gated entry and beautiful courtyard leads you to the best location on the beach! Relax and unwind in your private hot tub on the large ocean front deck. Wood flooring throughout, air conditioned, and just steps to the sand. 

21844 Pacific Coast Hwy, Malibu, CA 90265

21844 Pacific Coast Hwy, Malibu, CA 90265

21844 Pacific Coast Hwy, Malibu, CA 90265

21844 Pacific Coast Hwy, Malibu, CA 90265
           

#2     520 N Hillcrest Road, Beverly Hills, CA with 5 bedrooms, 5 baths, and 
4,000 sq.ft. is listed for sale at $9,500,000.

520 N Hillcrest Rd, Beverly Hills, CA 90210


2016 Renovation. Vibrant White Brick Traditional on prime block in Beverly Hills Flats. Gourmet Kitchen with La Cornue range, Miele and Sub-zero appliances. Calacatta Gold stone countertops and top of the line finishes. Grand living room with fireplace and custom cabinetry. New European oak wide plank floors throughout. Library/family room with high ceilings adjacent to the kitchen. Gracious Master suite w/ luxurious master bath that includes Waterworks fixtures, 2 very large walk in closets. 3 additional bedrooms + staff quarters. Wonderful flow to grounds. Covered outdoor living room with bar that overlooks sparkling pool. Beautifully detailed, amazing family home.

520 N Hillcrest Rd, Beverly Hills, CA 90210

520 N Hillcrest Rd, Beverly Hills, CA 90210

520 N Hillcrest Rd, Beverly Hills, CA 90210

520 N Hillcrest Rd, Beverly Hills, CA 90210

520 N Hillcrest Rd, Beverly Hills, CA 90210

#3      677 Nimes Road, Bel Air, CA 90077 with 3 bedrooms, 2 baths, and 1801 sq.ft. 
is listed for sale at $15,900,000

http://www.angelenoliving.com/sites/d7dk.localhost/files/styles/620wide/public/blog-images/180912_21/677-Nimes-Rd-exterior.jpg

This explosive city view property is located through the prestigious East gate of Bel Air offering over 3/4 of an acre of land and surrounded by some of the most expensive real estate in the west coast. This property is on one of the most distinguished streets and sought after neighborhoods in Los Angeles. Plans have been submitted to the city for an amazing modern oasis with 5 bedrooms and 9 bathrooms. Existing structure is a mid-century surrounded by lush greenery with an open floor plan and floor to ceiling windows. This property is a historical landmark and was previously owned by television star actor Jim Backus best known as Thurston Howell from Gillian's Island. 
677 Nimes Road, Los Angeles, CA
677 Nimes Road, Los Angeles, CA
677 Nimes Road, Los Angeles, CA

Bel Air Mid-Century by Greta Magnusson Grossman

Bel Air Mid-Century by Greta Magnusson Grossman

677 Nimes Road, Los Angeles, CA
677 Nimes Road, Los Angeles, CA


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.


#1     10321 NE 55th Street, Kirkland, WA 98033 with 4 bedrooms, 3 baths, and 
3,640 sq.ft. is listed for sale at $2,198,000.

10321 Ne 55th St, Kirkland, WA 98033

A Classic NW Traditional, blending nature with function. Situated hillside w/expansive 
Lake Washington, Olympic Mt, city views. Designed interior flow ideal for everyday living. 
Adorned w/ millwork & impeccable window placement, a wash of light throughout. 
Relax w/palette of ever-changing sunsets. Clean lined kitchen with slab granite. 
Den and 2 additional desks with cabineted nooks. Expansive Spa like Master Suite. 
Quiet cul-de-sac, top-ranked schools, easy walk to waterfront Kirkland, a sanctuary
 offering convenience.

10321 Ne 55th St, Kirkland, WA 98033

10321 Ne 55th St, Kirkland, WA 98033

10321 Ne 55th St, Kirkland, WA 98033

10321 Ne 55th St, Kirkland, WA 98033

10321 Ne 55th St, Kirkland, WA 98033

10321 Ne 55th St, Kirkland, WA 98033

10321 Ne 55th St, Kirkland, WA 98033

#2      3421 E Mercer Street, Seattle-Madison Park, WA 98112 with 4 bedrooms,
 6 baths, and 6,280 sq.ft. is listed for sale at $5,000,000

3421 E Mercer St, Seattle, WA 98112

Architectural elegance with Stuart Silk design on this prominent corner in highly desirable Washington Park. Grand spaces, calm interiors, finest finishes. Views of Lake Washington & Cascade Mountains, whole house sound system, butlers pantry, media room, wine cellar, versatile library room, beautiful landscaping, entertainment patio with gas outlets. Level entry, 3 car over-sized garage, private hot tub. Naturally blends with historical neighborhood homes. Understated, distinctive, timeless.

3421 E Mercer St, Seattle, WA 98112

3421 E Mercer St, Seattle, WA 98112

3421 E Mercer St, Seattle, WA 98112

3421 E Mercer St, Seattle, WA 98112

3421 E Mercer St, Seattle, WA 98112


#3      1006 W Lake Sammamish Parkway SE, Bellevue, CA 98008 with 5 bedrooms, 
6 baths, and 5,875 sq.ft. is listed for sale at $4,198,000.



Welcome home to life on the lake! Drink in the beauty of Lake Sammamish with panoramic views from every living space. This immaculate residence has been expertly designed with dramatic indoor spaces and the finest craftsmanship. Crisp, bold modern lines and an open floor plan deliver a sophisticated yet ultimately welcoming and comfortable ambiance. Incredible outdoor living spaces; 3 lakefront decks, outdoor living room w/ gas f/p, lush lawn, hot tub and a stunning 100' of no bank waterfront. 













Today's Mortgage Rates                                                                     12 months


ProductTodayYesterdayChangeLowHigh
30 Yr FRM3.48%3.47%+0.013.34%4.11%
15 Yr FRM2.83%2.82%+0.012.69%3.30%
FHA 30 Year Fixed3.30%3.30%--3.15%3.75%
Jumbo 30 Year Fixed3.63%3.62%+0.013.41%3.93%
5/1 Yr ARM2.86%2.85%+0.012.80%3.10%
Updated: 9/20/16 2:47 PM

Mortgage Rates Near Recent Highs Ahead of Fed
Sep 20 2016, 2:54PM


Mortgage Rates were slightly higher in most cases today, although there were a few lenders in better shape.  This runs counter to movement seen in underlying bond markets, which in slightly better territory on the day.  The discrepancy is due to conservative pricing strategies among lenders ahead of tomorrow's Fed Announcement, as well as the timing of yesterday's movement.  As we discussed yesterday, bonds weakened in the afternoon, but most lenders kept rates unchanged.  That meant we were "owed" a bit of weakness today, and the bond market improvement hasn't been enough to offset that.

The general consensus is that the Fed is not going to hike its policy rate tomorrow, though predictions vary depending upon where you look.  If you ask financial markets (via the trading of Fed Funds Futures--actual bets on where rates will be), a hike is very unlikely.  Surveys of economists are more evenly split, suggesting that financial markets aren't in the ideal position in the event of a hike.  

Hike or no hike, the Fed's statement, press conference, and updated economic projections can all cause significant volatility for longer-term rates like mortgages.  Floating is risky here. Even though today's rates are closer to the highest levels of the past 2 months, they're still historically close to all-time lows.  The average lender continues quoting 3.5% on top tier 30yr fixed scenarios.

Loan Originator Perspective


Bonds markets posted slight gains today, and my pricing improved marginally before tomorrow's Fed and BOJ announcements.  My pipeline is locked, think there's greater risks of losses than potential for gains short term. -Ted Rood, Senior Originator
The Fed meets tomorrow and we await their decision on rate policy.  The chances of a rate hike tomorrow are slim, however, the odds are not zero and a since a hike tomorrow would likely throw the markets into a little bit of a frenzy locking up your rate today seems very prudent.  High risk floaters may be rewarded but you better make sure your risk tolerance allows for the unexpected disappointment that could follow.  Better safe than sorry I think. -Hugh W. Page, Mortgage Banker, SeacoastBank

Today's Best-Execution Rates

  • 30YR FIXED - 3.5%
  • FHA/VA - 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