Friday, September 16, 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     2620 Wallingford Drive, Beverly Hills, California 90210 with 8 bedrooms, 
12 baths, and 9,600 sq.ft. is listed for sale at $19,995,000.
..










Classy and timeless warm contemporary w/ dramatic views designed and built to the absolute highest level by one of Beverly Hills premier developers. Approx. 12,000 SF under roof (aprox. 9,600 air conditioned) featuring a total of 8 Beds and 12 baths w/ a separate guest house w/ approx. 2,000 SF. Double gated on a private street w/ only 14 homes and 

2 tennis courts, featuring a glass pebble infinity pool, a luxurious cinema w/ 9.1 surround system, 10 fireplaces and a firepit w/ seating for 25, 20 TV's and a state of the art 88-speaker sound system, 14 A/C zones, full smart home automation and every high end feature available today. Master suite w/ approximately 2,000 SF w/ a heated private covered patio w/ a spa and a fireplace, extensive his and hers baths and closets w/ automated showers and steam, heated floors throughout, a kitchenette and an oversized his/hers office with private entry/exit. 3-car garage and parking for 8 cars inside the property w/unlimited parking outside. 











#2       7002 Fisher Island #2, Miami Beach, Florida 33109 with 7 bedrooms, 8 baths, and 9715 sq.ft. is listed for sale at $38,500,000

7002 Fisher Island Dr Ph 2, Fisher Island, FL 33109

Largest penthouse is available as re-sale in newest Fisher Island development. A spacious 9,715 sq ft of interiors. Two level terraces made up of 8,595 sq ft include private rooftop pool, Jacuzzi, and Pergola and Summer Kitchen. Stunning panoramic views of oc ean, open bay,Fisher Island, golf course, and South Pointe skyline. Amenities include access to private island dining, golf, tennis, spa, marina,private beach and Fisher Island Day School.

7002 Fisher Island Dr Ph 2, Fisher Island, FL 33109

7002 Fisher Island Dr Ph 2, Fisher Island, FL 33109

7002 Fisher Island Dr Ph 2, Fisher Island, FL 33109

7002 Fisher Island Dr Ph 2, Fisher Island, FL 33109


#3       1590 East Mountain Drive, Santa Barbara, CA 93108 with 6 bedrooms, 10 baths, and 10,812 is listed for sale at $27,900,000.

1590 E Mountain Dr, Montecito, CA 93108

This exemplary estate offers an unparalleled expression of what defines Montecito. Casual sophistication. Sweeping ocean views. Stunning architecture. Impeccable quality. A relentless pursuit of effortless elegance for which California is known. Here these elements coalesce on nearly 2.5 lush acres to create a remarkable estate in an A+ location. Incredible guest house, pool and terrace. Perfection!

1590 E Mountain Dr, Montecito, CA 93108

1590 E Mountain Dr, Montecito, CA 93108

1590 E Mountain Dr, Montecito, CA 93108

1590 E Mountain Dr, Montecito, CA 93108

1590 E Mountain Dr, Montecito, CA 93108

1590 E Mountain Dr, Montecito, CA 93108

1590 E Mountain Dr, Montecito, CA 93108

1590 E Mountain Dr, Montecito, CA 93108


Today's Real Estate News  

Celebrity Homes You Can Scoop Up Now




By Jason Notte
The Street

Celebrities are investing in homes with more value than all the homes the average American will own in his lifetime.The tradeoff: the rest of us know every detail about what they paid, what's included and what the rest of their housing portfolio looks like

Yet even celebrities are benefitting from a luxury housing market that's drying up just as quickly as that in the rest of the country. Existing home sales in July fell 3.2% from the same time last year. The median existing home sale price of $244,100 meanwhile, is up 5.3% since the same time last year. That's the first time that housing sales have dropped since November of last year, and it's thanks to a relatively low supply of 2.13 million existing homes. That's 5.3% fewer than there were last year, and the 4.7-month supply is well below the 6 months that the National Association of Realtors deems healthy.

"Severely restrained inventory and the tightening grip it's putting on affordability is the primary culprit for the considerable sales slump throughout much of the country," says Lawrence Yun, chief economist for the National Association of Realtors. "Realtors are reporting diminished buyer traffic because of the scarce number of affordable homes on the market, and the lack of supply is stifling the efforts of many prospective buyers attempting to purchase while mortgage rates hover at historical lows."

That's fairly bad news for the 32% of all buyers who are first-time home buyers -- up from 28% at the same time last year. However, with roughly one out of every five home sales being paid for in cash, house flippers are getting a lot of the deals that buyers never will.

Even celebrities are attuned to the whims of the market, with high-priced buys getting stratospheric sales prices just a year after purchase. With help from Zillow-owned real-estate site Trulia, we took a look at the celebrity housing market and found seven examples that illustrate how celebrities are taking advantage of a market that's turned in their favor.
..
Check out the seven home now on the market






#7.   John Krasinski and Emily Blunt's Hollywood Hills home

Asking price: $3.495 million\

When Krasinski and Blunt first bought this home in 2014, he'd just finished his run as Jim Halpert on NBC's The Office and she was having a monster year as the co-star of Tom Cruise's geek epic Edge of Tomorrow (take the "Live. Die. Repeat." nonsense to the forums, kids) and Disney's version of Stephen Sondheim's Into The Woods.\

They'd also just had their oldest daughter, Hazel. Now that they've just welcomed a second daughter, Violet, in June, they've making the incredibly relatable move of upsizing to accommodate a growing family. Granted, most folks aren't upsizing out of a four-bedroom, four-bathroom, 3,483-square-foot home with a view of the canyons and L.A., but it's all a matter of perspective. Most folks also don't sell off a $6.5 million home earlier in the year (and absorb a $1.5 million hit on the original $8 million asking price). However, if the couple can earn a $1 million premium on what they paid for their spot at the end of a cul de sac, courtyard entry, followed by a gourmet commercial kitchen with great room, a formal dining room, media room, master suite with its own sitting area, multiple walk-in closets, natural-stone bathroom with steam shower and huge swimming pool, more power to them.



#6.    Chris Paul's Bel Air mansion

Asking price: $11.5 million

It's tough to believe Chris Paul is only 31, but somehow less believable that the Clippers point guard is still in the Bel Air "starter home" he bought when he first arrived after six seasons in New Orleans. He was named Rookie of the Year in 2006, has been a nine-time All-Star since and is already considered one of the greatest to ever play the position.

After all that, he's simply outgrown the home owned by Avril Lavigne before him and Blink 182 drummer Travis Barker before her. This 12,184-square-foot mansion, built in 2003, is in the gated community of Bel Air Crest and includes covered outdoor living/entertainment area, a barbecue station, a swimming pool, a commercial elevator, a home automation system, a 12-seat home theater, a 500-bottle a subterranean wine cellar and a chef's kitchen with a breakfast area. A private master suite includes a sitting room with a kitchenette, fireplace, private balcony, his-and-hers closets, and his-and-hers spa baths. It isn't that he doesn't like the ten-car garage; it's just that he still has the Woodland Hills house that he bought for $1.775 million while still at Wake Forest (which we're sure the NCAA was fine with), and he just spent $9 million on a home in Calabasas. If he turns the $3 million profit he expects from this sale, that should offset things a little.






#5.      Tom Hanks and Rita Wilson's Pacific Palisades compound

Asking price: $18 million

At this point, Hanks and Wilson's real estate portfolio is starting to look as impressive as his film resumé.

Keep in mind that this is a sprawling two-property listing that doesn't even include a four-bedroom, six-bathroom, 4,267 square foot home nearby that they aren't selling. Sure, Hanks occasionally parts with some of his collection, like the house that Wilson and he bought in 1988 for $1.9 million, but sold in 2013 for $5.2 million. But Wilson and he are also sitting on two other homes in the same Pacific Palisades neighborhood that they bought on the same day in 2010 for $27.45 million. They also have a vacation home in Malibu's Colony they bought for $2.95 million in 1991 from director John Frankenheimer, as well as smaller homes in Pacific Palisades and Idaho.

So why would unload these properties now? Well, for one, that $18 million represents a nice  premium on the less than $13 million that Hanks and Wilson paid for the two of them in separate purchases in 2003 and 2007. The first, which the couple would sell on its own for $8.75 million if you asked nicely, is a four-bedroom, five-bathroom 3,930-square foot Spanish-style home on the Amalfi "rim" in the Palisades Riviera. The 1930s property sits on a half-acre, tree-filled lot and features beamed ceilings, wood floors, ironwork, tiles, a step-down living room with a fireplace, paneled formal dining room and a library/den.
The second property, which they'd sell independently for $9.25 million, is an enormous seven-bedroom, seven-bathroom, 7,260-square-foot 1957 the English Country-style home. Replete with hardwood floors, vaulted ceilings, expansive hosting rooms, a formal dining room and a large pub/billiard room with a fireplace and wet bar. A master suite, two children's/guest suites, a fourth suite on the second floor, two first-floor suites and a maid's quarters all feed into a large playroom on a third level and a screening room/playroom/sports entertainment room.




#4.        Ashley Tisdale's Studio City setup

Asking price: $2.7 million

It's been ten years since High School Musical was released and eight years since the last HSM film (no, we aren't counting Sharpay's Fabulous Adventure). It's been seven years since Tisdale released her last full-length album and three since she dropped the charity single "You're Always Here.

Ashley Tisdale is still a Twitter and endorsement juggernaut, but it may be safe to say that 
-- barring some sort of reinvention or revival -- the peak of her career may has passed. So much so that it seems she's adding house flipping to her skill set, taking the newly built 5,000-square-foot Cape Cod (which seems oxymoronic) that she purchased for $2.5 million last year and selling it for $2.7 million. The five-bedroom, six-bathroom home on a 10,089-square-foot lot is gated, has an open floor plan, vaulted ceilings, large windows, five en-suite bedrooms and a master suite with a sitting area, fireplace, dual walk-in closets, and spa bath. It's as if a crew from one of HGTV's gut-job shows was given an unlimited budget, a bulletin board full of real estate buzzwords and the order to squeeze all of them under one roof.

From a kitchen with quartz countertops, stainless steel appliances and a breakfast area that that looks out onto the family room to a 90-inch projection screen, a saltwater pool and spa, a barbecue and a trellis-topped outdoor dining area, no expense was spared in building the Hollywood version of a suburban dream home.




#3.       Samantha Ronson's Santa Monica bungalow

Asking price: $1.4 million

A superstar DJ who rocks parties the size of small island nations owns a two-bedroom, two-bathroom, 1,170-square-foot home dating back to 1925? Such is the life of Samantha Ronson.

Looking at the place, there isn't a smudge of celebrity on it. It's a little blue-and-white bungalow with some privacy fencing, sure, but it has a galley kitchen with a dining area just large enough to fit a picnic table. The master bedroom looks like a hallway, the master bathroom is a two-sink-and-shower affair, but the room Ronson clearly used as her own has brilliant floor-to-ceiling windows looking out onto the shaded backyard and its fire pit. Ronson has the room set up as a studio, but it has a ton of potential for anyone willing to pay the $590,000 markup on the $810,000 she originally paid for it in 2012.

It isn't quite as impressive as some of the other homes on this list, but it's a cozy, comfortable little slice of Santa Monica that must've been a great place to kick back between flights to gigs.



#2.        Eva Longoria's Mediterranean-style mansion

Asking price: $1.395 million

What's changed for Longoria since she bought this place for $1.15 million in 2005? Where to start?

Her gig of note on ABC's Desperate Housewives wrapped up in 2012 (or about four years later than it should have), her marriage to San Antonio Spurs point guard Tony Parker ended in 2011, she got remarried to Jose Antonio Bastón last year and she's become active in both the Democratic party and as a voice for immigrants and migrant laborers.

She's also amassed a large portfolio of properties that includes a two-home, 2.5-acre Hollywood Hills compound that she bought from Tom Cruise for $11.4 million last year, another Hollywood Hills-area home that she bought in 2006 for $3.6 million and a property in her hometown of San Antonio that she's held on to since 2005.

So why is this property listed for less than, oh, Ronson's bungalow? We have no idea. Built in 1924, this three-bedroom, three-bathroom Mediterranean villa is tucked behind an iron gate high atop the Hollywood hills. With two stories above street level, the private, 2,011-square-foot property features a living room with a coved ceiling, a gourmet kitchen, and a bonus room with views of Los Angeles. The upstairs master bedroom has a shaded sleeping porch with sweeping views of the mountains. It seems like this place should be worth a lot more, but perhaps it's the price of moving on.











#1.       No, J-Lo never slept here

Asking Price: $895,900

No, we didn't put Cris Judd's name in the description. Quite frankly, the choreographer and infrequent American Idol guest just doesn't really move the needle.

His ex-wife, Jennifer Lopez, is a far different story. She married Judd in 2001 after he directed her "Love Don't Cost A Thing" video but broke it off less than a year later. Bennifer, a marriage to Marc Anthony and a relationship with a former backup dancer later, it's safe to say Lopez has moved on. Judd, meanwhile, met his current wife in 2009 and is helping raise their 2-year-old daughter.

Judd bought this LA house for $620,000 in 2003 after divorcing Lopez, and this bungalow is remarkable for just how unremarkable it is. The kitchen has formica cabinetry, the 1,382 square feed somehow includes three bathrooms, the open floor plan just makes it look like a hollowed-out version of the 1920s gem it was and the back deck and yard can be described with one word: small. Its best feature is that it's just off the Sunset Strip. Its worst? It's going to take someone incredibly dedicated to restore it to even its modest glory and buff the brush-with-fame veneer off of it.







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. 

#1      231 Coast Blvd., La Jolla, CA 92037 with 3 bedrooms, 4 baths, and 2,642 sq.ft. is listed for sale at $2,450,000.

231 Coast Blvd, La Jolla, CA 92037

A hidden architectural jewel across from pristine White Sands Beach in La Jolla. This townhouse condo, is bathed in light, has soaring ceilings ,skylights ,three fireplaces and a superb floor plan. The sunny spacious patio offers wonderful indoor/outdoor living. Three bedroom suites, a powder room , great room and family room/den , elevator, surround sound, and private garage. Stroll to the village or the beach. Built in 2002, Architect James Alcorn and designer Patrick Lee have created a wonderful home.

231 Coast Blvd, La Jolla, CA 92037

231 Coast Blvd, La Jolla, CA 92037

231 Coast Blvd, La Jolla, CA 92037

231 Coast Blvd, La Jolla, CA 92037

231 Coast Blvd, La Jolla, CA 92037

#2     1020 Prospect Street #302, La Jolla, CA 92037 with 3 bedrooms, 3 baths, and 3,102 sq.ft. is listed for sale at $6,354,000.

1020 Prospect St Ste 302, La Jolla, CA 92037

Twelve exclusive residences. Four limited edition penthouses. One unparalleled opportunity. Muse La Jolla is currently under construction scheduled to be complete spring 2017. A remarkable architectural pedigree, prestigious location, unrivaled panoramic views and a truly exceptional design, Muse is a trophy property that is incomparable. This one-of-kind property has been meticulously designed and curated for discerning home collectors with a true appreciation for Timeless Modernism. 

1020 Prospect St Ste 302, La Jolla, CA 92037

1020 Prospect St Ste 302, La Jolla, CA 92037

1020 Prospect St Ste 302, La Jolla, CA 92037

1020 Prospect St Ste 302, La Jolla, CA 92037

1020 Prospect St Ste 302, La Jolla, CA 92037

#3     5316 Calumet Avenue, La Jolla, CA 92037 with 4 bedrooms, 4 baths and 
3,962 sq.ft. is listed for sale at  $7,400,000

5316 Calumet Ave, La Jolla, CA 92037

On the bluff in Bird Rock, where ever-changing views of La Jolla’s scenic coastline, vibrant wildlife, whitewater ocean and glorious sunsets await you from this Island Contemporary oceanfront home. No expense was spared in the complete remodel of this remarkable residence featuring an exceptionally private walled and gated entry, a generous courtyard, exquisite custom appointments, dramatic wood & glass balcony, lush tropical landscaping, an expansive oceanfront patio, resistance pool and spa. This extraordinary oceanfront residence has been expertly crafted to showcase its awe-inspiring, panoramic views sweeping along the coastline, across the Pacific Ocean to the Los Coronados Islands, to the abundant wildlife and playful sea creatures, as well as spectacular sunsets all year-round!

5316 Calumet Ave, La Jolla, CA 92037

5316 Calumet Ave, La Jolla, CA 92037

5316 Calumet Ave, La Jolla, CA 92037

5316 Calumet Ave, La Jolla, CA 92037

5316 Calumet Ave, La Jolla, CA 92037

5316 Calumet Ave, La Jolla, CA 92037

5316 Calumet Ave, 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 


#1     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+ cars

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


#2     1688 Pine Street PH 8, San Francisco, CA 94109 with 3 bedrooms, 3 baths, and 1,779 sq.ft. is listed for sale at $3,134,000.

1688 Pine St Unit E1004, San Francisco, CA 94109

The perfect Pacific Heights 3 bedroom Penthouse! Rockwell takes luxurious living to the next level. Centered around a gorgeous courtyard, the design weaves two 13-story glass and concrete towers into a pair of chiseled historical facades that integrate the building's glorious past with a beautiful future. Different facets of the building have their own distinct character and individuated design vocabularies. Together the immaculate, modern residences and artful living spaces offer a rich new standard for stylish city living. 24 Hour Lobby Attendant, Fitness Center, Owner's Lounge & Sky Terrace with a fire pit. One and Two bedroom homes. Move in now. Great opportunity to own in a brand new luxury building

1688 Pine St Unit E1004, San Francisco, CA 94109

1688 Pine St Unit E1004, San Francisco, CA 94109

1688 Pine St Unit E1004, San Francisco, CA 94109

1688 Pine St Unit E1004, San Francisco, CA 94109


#3       838 Rhode Island Street, San Francisco-Petro Hill, CA 94107 with 4 bedrooms, 5 baths, and 4,050 sq.ft. is listed for sale at $3,495,000.

838 Rhode Island St, San Francisco, CA 94107

New modern minimalist 3 level 4BR/4.5BA apprx 4050 sqft north slope Potrero Hill home. Views of downtown/bay + southwestern rear gaqrden & deck. Top floor has 10ft ceiling, open floor plan featuring living/dining, fireplace, wetbar, city views. Chef's kitchen/family room in the back has south views, opens to a large terrace w/glass railing. Sleek custom kitchen cabinetry floats over smooth white counters. Bedroom level features 2 mastersuites + guest BR w/hall BA. Lower level tile entry gallery is accented by spiral glass and wood stairway. Separate legal studio/office/media room has modern galley kitchen and its own garden access via rear sliding window wall. 2 W/D. Hardwood floors. Radiant heat. Ready for solar electric. Double garage.

838 Rhode Island St, San Francisco, CA 94107

838 Rhode Island St, San Francisco, CA 94107

838 Rhode Island St, San Francisco, CA 94107

838 Rhode Island St, San Francisco, CA 94107



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      30449 Morning View Drive, Malibu, CA 90265 with 5 bedrooms, 7 baths, and 
6,256 sq.ft. is listed for sale at $6,995,000

30449 Morning View Dr, Malibu, CA 90265

This modern masterpiece, designed by AIA Citation-Winner Patrick Killen and Jeff Widmann, is nestled up a long private driveway and behind gates with breathtaking panoramic ocean views. This two-story home features luxurious bedroom suites with ocean views, a chef's kitchen with top-of-the-line appliances, formal dining room, home theater, gym, office and a great room that allows you to enjoy a seamless indoor-outdoor lifestyle. Entertain in the lush grassy backyard with an amazing Olympic-like pool, spa, outdoor kitchen and cabana. There is ample land for horses and a tennis court. The three-car garage completes this hom.

30449 Morning View Dr, Malibu, CA 90265


30449 Morning View Dr, Malibu, CA 90265

30449 Morning View Dr, Malibu, CA 90265


30449 Morning View Dr, Malibu, CA 90265


30449 Morning View Dr, Malibu, CA 90265


30449 Morning View Dr, Malibu, CA 90265


#2     1085 Carolyn Way, Beverly Hills, CA 90210 with 5 bedrooms, 7 baths, and 4,922 sq.ft. is listed for $7,995,000

1085 Carolyn Way, Beverly Hills, CA 90210

The latest creation by Bravia Design, this modern masterpiece is located on one of the best streets in the heart of Beverly Hills. Upon entering the first floor the open floorplan consists of living and dining rooms, pro-style kitchen with Miele appliances, office and master suite which are highlighted by wide planked oak floors and high ceilings with clerestory windows that fuse each room with an abundance of natural light. The lower level consists of three bedroom suites, media room, studio and laundry room. The pool and spa, lush landscaped gardens and multiple lounge areas help complete this incredible living experience.

1085 Carolyn Way, Beverly Hills, CA 90210

1085 Carolyn Way, Beverly Hills, CA 90210

1085 Carolyn Way, Beverly Hills, CA 90210

1085 Carolyn Way, Beverly Hills, CA 90210

1085 Carolyn Way, Beverly Hills, CA 90210

1085 Carolyn Way, Beverly Hills, CA 90210


#3           1394 Casiano Road, Bel Air, CA 90049 with 4 bedrooms, 3 baths, and 
2,781 sq.ft. is listed for sale at $4,440,000.

1394 Casiano Rd, Los Angeles, CA 90049

Designed by award winning celebrity architect, Robert L. Earl, AIA as his own residence, this truly original Bel Air property sits on half an acre with sweeping canyon, city and coastline views. Offering complete privacy, this one level 2, 781 square foot residence is approached by a long drive ending at the large motor court and three car covered parking. Inside the eye catching front door are walls of floor to ceiling windows bringing in an abundance of natural light throughout the public rooms, all floored in their original terrazzo tile. Sliding glass doors open to a spacious outdoor living area complete with swimming pool and deck with 180 degree views from the hillside and city to the coast and beyond. The fully modern kitchen has the sought after minimalistic appeal and boasts top appliances, upgraded cabinetry and large eating area. Combined with a stunning location, this is one of the most iconic residences on the market today.

1394 Casiano Rd, Los Angeles, CA 90049

1394 Casiano Rd, Los Angeles, CA 90049

1394 Casiano Rd, Los Angeles, CA 90049

1394 Casiano Rd, Los Angeles, CA 90049

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      6,328 170th Place, Bellevue, WA 98006 with 6 bedrooms, 6 baths, and 7,370 sq.ft. is listed for sale at $4,628,000.


Sitting 1,350 ft above sea level, experience life at the top! Built in 2010, this 3 story home features 6 bdrm/5 baths offering privacy and space. Large open spaces & elevator too make coming together for all generations is easy! Equipped with Control4 modular smart home automation systems, featuring stunning architecture, 22 tall stone fireplace, floor-to-ceiling Milgard windows, eco-conscious organic bamboo flooring and a beautiful layered view of the Olympics, Sound, Lake Washington and golf courses!













#2      1633 Windmere Drive E, Seattle-Madison Park, WA 98112, with 4 bedrooms, 2 baths and 3,510 sq.ft. is listed for sale at $2,00,000.

1633 Windermere Dr E, Seattle, WA 98112

Elegance exudes from this prominent 1927 home. Apply a little silver polish and glorious potential awaits. Entertain with ease and grace in the over-sized areas on the main. Boasting 4 bedrooms and room to improve upon upstairs, the grand staircase beckons. Gorgeous wood floors thruout & beautiful leaded-glass windows placed for viewing the landscaped grounds. Enjoy the hidden Wisteria covered patio and the many reflective garden areas creating the privacy you'd expect. Enjoy the heritage and live well 







#3    1920 4th Avenue. Uniit 3301, Seattle, WA 98101 with 3 bedrooms, 4 baths, and 5,170 sq.ft. is listed for sale at $8,800,000.

1920 4th Ave Unit 3001, Seattle, WA 98101

Fifty Shades of WOW! Seattle's premier Penthouse that inspired the novel series and blockbuster hit awaits you. Floor-to-ceiling windows provide 280 degree views over Seattle, the Space Needle, Elliott Bay & the Olympics. 5,000+ square feet of vast and opulent living space, 1,000 sq ft of terraces & a private elevator vestibule. Escala offers 24 hr concierge, a private spa, lap pool, gym with yoga studio, private dining room, theatre room, full catering kitchen and dining area with room for 140.

1920 4th Ave Unit 3001, Seattle, WA 98101

1920 4th Ave Unit 3001, Seattle, WA 98101

1920 4th Ave Unit 3001, Seattle, WA 98101

1920 4th Ave Unit 3001, Seattle, WA 98101


1920 4th Ave Unit 3001, Seattle, WA 98101

Today's Mortgage Rates                                                                     12 months


30 Yr FRM3.47%3.47%--3.34%4.11%
15 Yr FRM2.82%2.82%--2.69%3.30%
FHA 30 Year Fixed3.30%3.30%--3.15%3.75%
Jumbo 30 Year Fixed3.62%3.63%-0.013.41%3.93%
5/1 Yr ARM2.86%2.87%-0.012.80%3.10%
Updated: 9/15/16 1:01 PM
Mortgage Rates Sidestep Near Recent Highs
Sep 15 2016, 3:24PM


Mortgage Rates were unchanged in most cases today, keeping them near their highest levels in more than 2 months.  Rates are driven primarily by movements in bond markets, and bonds had an opportunity to react to multiple economic reports that came out this morning.  The headliner--Retail Sales--missed estimates calling for a 0.1 percent decline, instead sliding by 0.3 percent.  This would generally be good for rates, but several other reports were stronger than expected, leaving bonds to trade in the same range as yesterday  after brief volatility in the morning.

The most prevalent conventional 30yr fixed rate quotes are still an eighth of a point higher than they were last week, with top tier scenarios most likely to be quoted 3.5%.  That said, in cases where a quote is .125% higher (e.g. 3.5% this week vs 3.375% last week), points should be slightly lower (or lender credit slightly higher, depending on the scenario).  In other words, the total damage from the past few days falls just a bit shy of a full eighth of a percentage point in rates.

Despite today's relative calm, the potential for volatility remains elevated.  This will continue to be the case at least through next week's Fed meeting on Wednesday.  

Loan Originator Perspective


The recent pop higher on interest rates has left a lot of us wondering what's next.  From a technical stance, we are poised to move even higher.  From a fundamental perspective, we are probably right in the sweet spot.  From a risk perspective, we are shadowed by a looming rate hike, and foreign & domestic economic data that we cannot foresee.  If you missed the boat last week to lock, and have 45-60 days to test the markets' acceptance of higher rates, I recommend floating.  Inside of this timetable, it is way too risky to make the call.  Interest rates always move up quickly, and unpredictably in many cases.  A move down would require some fresh new data or event of a negative economic picture.  The question is, are you willing to see your rate move an additional .25-.50% higher???  At this point defense wins games. -Gus Floropoulos, VP, The Federal Savings Bank

Today's Best-Execution Rates

  • 30YR FIXED - 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