Saturday, September 17, 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      120 Montecito Ranch Lane, Summerland, CA 93067 with 7 bedrooms, 9 baths,
and 12,000 sq.ft. is listed for sale at $65,000,000.


World-class 25-acre polo ranch estate near renowned Santa Barbara Polo Club with ocean and mountain views. Formal reception area opens to grand-scale interiors. Includes private polo field, quality stables/office/clubhouse complex with extensive parking, detached guest suite, 128' pool, poolside cabana, loggia, putting green, driving range, secret garden and exotic outdoor soaking tub at master suite.














#2     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. 











#3       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



Today's Real Estate News  

7 Must-Know Facts About President Obama's New Home

Realtor.com

obama

Whoever winds up moving into the White House next year is still anyone’s guess, but one thing’s for certain: President Barack Obama will have to move out. And he’s already chosen his new digs!

Here are seven facts about the first family’s new home that you’ll be glad to know. In fact, it’s your right as a good, upstanding citizen to know.

1. It’s in a tony neighborhood

The Obamas’ new home is located at 2446 Belmont Road NW in Washington, DC, in the posh Kalorama neighborhood. Quiet and secluded, Kalorama has served as home for a long history of prominent politicians and other government movers and shakers: Franklin D. RooseveltWoodrow WilsonWilliam Howard TaftWarren G. HardingHerbert Hoover, and Sen. Edward M. Kennedy, just to name a few.

2. It’s pricey

The home’s value is estimated at $6 million, or around $22,000 in rent per month (the Obamas are renting, because they plan to remain in DC until their daughter Sasha finishes high school in 2018, but they may choose to relocate after that).

3. It’s big

The size of their new home tops 8,200 square feet: It has nine bedrooms and nine bathrooms and sits on a half-acre. But it’s not all that ostentatious compared with the White House. There are no ballrooms, no grand parlor for entertaining, and, sadly enough, no bowling alleys.

4. There’s even room for Mom

The home features an “au pair suite” that would be perfect for Michelle Obama’s mom, Marian Robinson, who has been living with the family in the White House.

5. The home has a rich history

It was built in 1928 by F. Moran McConihe, a real estate developer who put Kalorama on the map by building many homes in the area. He also served as a consultant under President Dwight D. Eisenhower. From there, the home was bought by Capt. Charles Maddox, who’d served in both world wars; his daughter, Muriel Maddox, acted with Marlon Brando in the movie “The Men” and also wrote a few romance novels.

6. Its previous owners have political ties, too

The Obamas’ landlord (imagine putting that on a business card) will be Joe Lockhart, a former press secretary and senior adviser to former President Bill Clinton. He and his wife moved to New York earlier this year to pursue new job opportunities with the NFL.

7. The home will need some alterations

As an ex-POTUS, Barack Obama will still have the Secret Service protecting him, and it’s painfully clear that the home isn’t up to spec yet. For instance, the fence around the backyard is low enough that looky-loos could easily peer over—and certainly will, unless some work is done to make the property’s perimeter more secure. Trust us, it will be.
Overall, it looks like the Obamas picked a home befitting a former U.S. president—nice, but not over the top. How their presence will affect this quiet enclave—and its real estate prices—remains to be seen. But here’s to hoping the first family enjoys their new digs.






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      15815 Bella Siena, Rancho Santa Fe, CA 92067 with 8 bedrooms, 10 baths, and 12,741 sq.ft. is listed for sale at $7,450,000.


Located on the ideal west side of Rancho Santa Fe, with immediate proximity to beaches, public and private schools, offices and retail, Bella Siena - Magnifico represents a compound of unparalleled elegance and understated beauty with amenities that are sought after by families of all sizes. Situated in a gated enclave of just 4 estates and sequestered behind private gates of its own, the property, an all-useable 2.75 acre estate.
















#2      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

#3      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

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      765 Market Street, Penthouse, San Francisco-SoMa, CA 94103 with 4 bedrooms, 6 baths, and 4,640 sq.ft. is listed for sale at $11,900,000


Grand Penthouse A at the Four Seasons Residences San Francisco is Northern California's highest and largest condominium available for sale. Panoramic views from every room of this 4bd/5.5ba Penthouse span sunrise to sunset & include the San Francisco Bay, Financial District & notable landmarks. Floor plan is poised for elevated living: extraordinary Great Room with panoramic metropolitan and Bay views, eat-in Kitchen w/ adjoining Family Room enjoying Southwest views, Bedroom Wing with private entrance and Staff Suite with separate entrance. Paired with the Four Season's legendary Five-Star amenities, the rare
availability of this one-of-a-kind residence presents a truly unique opportunity.


                                          









#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+ 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


#3     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


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     72 Beverly Park, Beverly Hills, CA 90210 with 11 bedrooms, 18 baths, and 
20,000 sq.ft. is listed for sale at $35,995,000. 

72 Beverly Park, Beverly Hills, CA 90210

Trophy contemporary estate by the Landry Design Group sited on the highest elevation in Beverly Park. The free-flowing approx 20, 000 sq. ft. estate includes a 6, 100 sq. ft. guest house + 1, 700 sq. ft. bonus room at basement level, which is connected to the main house by a glass and stainless steel-columned bridge. There is a total of 11bdrm/18bath on 6.79 acres (over 2 acres level) with mountain views and city lights. This private hilltop setting's outdoor amenities include vast pristine lawns, large pool and paddle tennis court with pavilions.

72 Beverly Park, Beverly Hills, CA 90210

72 Beverly Park, Beverly Hills, CA 90210

72 Beverly Park, Beverly Hills, CA 90210


72 Beverly Park, Beverly Hills, CA 90210


72 Beverly Park, Beverly Hills, CA 90210

72 Beverly Park, Beverly Hills, CA 90210


#2      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

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      1121 Vine Street #2501, Seattle-Belltown, WA 98121 with 2 bedrooms, 2 baths, and 2,656 sq.ft. is listed for sale at $2,800,000

121 Vine St, Seattle, WA


Breathtaking panoramic views from this top of the world penthouse. Belltown's finest highrise with resort class amenities. Lovely showcase interior by design, with warmth and charm throughout: exotic Anigre hardwood cabinets, Hinoke Cypress accents; rich walnut, Travertine marble, granite floors. Steps to world-class dining, the arts, Seattle's vibrant waterfront. 280-degree ever-changing vistas: Elliott Bay, Mount Rainier, Olympics, Lake Union. 3 designated, secure parking spaces

121 Vine St, Seattle, WA


121 Vine St, Seattle, WA


121 Vine St, Seattle, WA

121 Vine St, Seattle, WA

121 Vine St, Seattle, WA
.

#2       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!













#3      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 








Today's Mortgage Rates                                                                     12 months

ProductTodayYesterdayChangeLowHigh
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%3.62%--3.41%3.93%
5/1 Yr ARM2.86%2.86%--2.80%3.10%


Mortgage Rates Eerily Calm Ahead of Fed Week
Sep 16 2016, 3:51PM

Mortgage Rates were unchanged again today, on average.  Some lenders were modestly better than yesterday.  Others were modestly worse.  But all were fairly close.  This is an eerie level of stability given the fact that rates looked like they were finally breaking out of a 2-month-long holding pattern earlier this week.  That said, it could be the case that rates are simply waiting for next week's policy announcement from the Fed before locking in their final answer.
While stability is good, the outright levels are still higher than they were.  In fact, with the exception of Monday, this week's rates are the highest in more than 2 months.  Silver lining: "high" is still pretty darn low, historically, with 3.5% remaining the most prevalent conventional 30yr fixed quote on top tier scenarios.

Potential volatility remains at least through next Wednesday's Fed meeting.

Loan Originator Perspective


I have never been a fan of locking on Friday, but I am leaning that way today. The common theme of the last week or so has been each time bonds rally, sellers come out quickly so I don't see much benefit in floating right now. The trend continues to not be our friend right now. If your lender pricing is better today, I would lock. If your lender pricing is worse, I would then look to float over the weekend. -Victor Burek, Churchill Mortgage

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