Monday, January 23, 2017


Today's Best Mansion and Top  Luxury Estates in Los Angeles, Phoenix, 
San Diego, San Francisco and Seattle Listed For Sale.

The exact definition of the word "mansion" varies but in U.S. real estate terms, it generally defined as single family residence of more than 6,000 square feet. Mansion derives through Old French from the Latin word "mansio". The English word "manse" originally defined a property large enough for the parish priest to maintain himself. The word "manor" comes from the same root territorial holdings granted to a lord who would remain there. Therefore, it is easy to see how a "mansion" came to have its meaning.

Today's Best Mansion Listed For Sale

      

#1     Briar Batch Estate, 100 & 90 Briar Batch Road, East Hampton, NY 11937 with 
10 bedrooms, 10 baths, and 10,300 sq.ft. is listed for sale at $140,000,000.


World class East Hampton Estate is 11.2 acres +/- on exclusive Georgica Pond with 1156' +/- water frontage for the best sailing, kayaking, canoeing, and paddle boarding on the East End. Breathtaking southwest views down the length of the pond with the Atlantic Ocean surf in the distance. Main residence, "Shepard Krech House" c.1931, was designed by architect Arthur C. Jackson. Completely renovated in 1990 by architect Peter Marino, this exquisite 10,300 +/- square-foot Georgian Revival six-bedroom house has a three-story living room, sunken library, gourmet kitchen, and third-story gym. Second residence built in 1990, was also designed by Peter Marino. Similar in style and quality to the main house, this house includes a living room, kitchen, and four bedrooms. Enormous grounds offer open lawns, mature sycamore, maple and linden trees, trails and a private pond habitat to local swans, egret, and heron. Outdoor sundeck with views of the water surrounds a 60' swimming pool and hot tub. Secluded tennis court, four-car garage and changing cabana. Already subdivided into 7.5-acre and 3.7-acre parcels for maximum yield and flexibility. Among the finest properties in the country, Briar Patch cannot be surpassed with regard to location, views and privacy.





100 And 90 Briar Patch Rd, East Hampton, NY 11937




Today's Top Real Estate News  
Appraisal Fails Still Causing Issues Despite Improving Markets
By Jann Swanson
Mortgage News Daily

While it trails well behind credit history and debt-to-income levels, collateral problems are consistently the third most frequent cause of loan denials.  CoreLogic said Home Mortgage Disclosure Act (HMDA) data for 2015 show collateral issuers were the reason behind 13.7 percent of the 450,000 first-lien purchase mortgage applications that failed approval.

The share of loans turned down for collateral reasons has remained consistently in the 12-13 percent range since home prices began to recover in 2012.  But Yanling Mayer, writing in CoreLogic's Insights blog, says there is a wide variation in collateral denials on a geographic basis, ranging from 7 percent in Delaware to 22 percent in Michigan.  While lenders don't provide specific causes in their HMDA reports, Mayer says appraisals coming in below the contract selling price is common.  Data from other sources show 10 to 13 percent of appraisals nationwide come in below the contract sales price, a number consistent with HMDA data.



Those below-contract value figures, which average 11.3 percent on a nationwide basis in 2015 and through November 2016, also vary widely at the state level. Only about a dozen states exceed that national average, but CoreLogic points out that the frequency of too-low appraisals in Michigan at 20 percent and Hawaii at 18 percent are very close to their failed collateral percentages of 22 and 20 percent from HMDA.  As Mayer says, "likely not a coincidence."

In addition to geographic variations Mayer points to several "temporal" differences.  Most states show a small-to-modest decline in the number of appraisals that come in under the arms-length contract price as the recession recedes, but they nevertheless stay close to the 7-9 percent range. What stands out the most are Florida, Hawaii, Michigan, Nevada, Texas and Arizona in which, despite rising sales and a strong market recovery, have appraisals that continue to come in relatively frequently at a too-low level.



As of November, nearly one in five appraisals in Florida and Michigan come in under contract price. For Florida, the improvement from 21.9 percent in 2012 to 19.6 percent is rather modest given the state's steadily rising sales volume, declining distressed sales, and strong home price growth.  The same moderate improvement is noted in Michigan. In Nevada and Arizona, on the other hand, the incidences of low-appraised collateral fell significantly during the same period marked, similarly, by a strong housing recovery and Hawaii and Texas experienced upticks in low appraisals even though they too have had significant declines in the volume of REO and short sales, rising housing activity and solid home-price growth.



Mayer concludes that due to its reliance on sales comparisons, the quality and accuracy of home appraisals can only be as good as the availability and quality of the appraiser's comps. The pool of available comparables can be impacted by many factors such as local sales activity, level of housing distress, whether the subject property is itself distressed, and where the property falls in the price tiers. These, along with appraiser experience, can all influence the appraisal accuracy.
Today's Top LA Luxury Estate Listed For Sale 



The median home value in Los Angeles County is $551,600. Los Angeles County home values have gone up 7.4% over the past year, Zillow predicts they will rise 2.6% within the next year.

The median home value in Brentwood, 90049 is $2,523,000. Brentwood home values have gone up 10.5% over the past year.  Zillow predicts they will rise 3.0% with the next year.

The median home value in Malibu  is $2,893,700.  Malibu home values have gone up 6.6% 
over the past year.  Zillow predicts they will rise 2.0 % with the year.

The median home value in Beverly Hills is $3,033,400.  Beverly Hills hhome values have gone up 4.1% over the past year.  Zillow predicts they will rise 1.1% with the next year.

The median home value in Bel Air is $3,309,900. Bel  Air home values have gone up 5.3% over the past year.  Zillow predicts they will rise 1.8% within the next year.  

#1     20858 Pacific Coast Highway, Malibu, CA 90265 with 3 bedrooms, 4 baths and 
4,000 sq.ft. is listed for sale at $8,888,000


This luxurious, architectural beach home has been reimagined by the current celebrity owner and a team of top consultants and designers to create the quintessential Malibu beach retreat. Seamlessly incorporating the beauty of the Pacific Ocean into the home, this elegant showcase retains its warmth and invites you to stay - all while situated just minutes from the city. No expense was spared to create the open and voluminous dining, living room and chef's kitchen featuring retractable walls of glass opening to a large terrace and private entertaining space - all located on the lower level. The mezzanine consists of a separate office w/ a balcony that can also be used for guest accommodations with a built-in murphy bed. All three bedrooms are located on the upper level - boasting whitewater ocean views and en suite accommodations. Custom finishes and state of the art smart home technology combine to offer a relaxed and stylish beach retreat appealing to anyone looking to enjoy the Malibu lifestyle.






20858 Pacific Coast Hwy

Today's Top Phoenix Luxury Estate Listed For Sale 
.
A photo showing the skyline of Phoenix, looking north.  It shows the various buildings of the downtown area, as well as Sunnyslope Mountain in the background

The median home value in Scottsdale is $416,400. Scottsdale home values have gone up 4.0% over the past year. Zillow predicts they will rise 2.4% withiin the next year.

The median home value in Carefree is $750,000. Carefree home values have gone up 
4.8% over the past year.  Zillow predicts they will rise 2.7% within the next year.

The median home value in Paradise Valley is $1,609,500. Paradise Valley home values have gone up 2.7% over the past year. Zillow predicts they will 2.0% with the next year.
         
#1     6735 E Fanfol Drive, Paradise Valley, AZ 85253, 4 bedrooms, 6 baths, and 
5,806 sq.ft. is listed for sale at $2,000,000.

6735 E Fanfol Dr, Paradise Valley, AZ 85253

Nearly New Paradise Valley estate. Guests are welcomed inside gated/walled courtyard. Unique hand-crafted ceilings characterize each of the spacious living areas. Boxed beam and crown molding accentuate Kitchen and Family Room, w/large island in the center. Light and Bright surfaces and textures compliment wood floors & stone in baths. White cabinets, slab granite counters, Wolf and SubZero appliances. Office with separate courtyard entrance. Secluded Master Suite is delightful & includes dual his & hers bathroom wings on either side as you enter from bedroom. Full triple hang closets allows abundance of storage. Entire Master Suite is complete with private exercise/bonus room. Four cozy fireplaces throughout. Santa Barbara style = beautiful forever. Built by well respected Catalina Custom Homes

6735 E Fanfol Dr, Paradise Valley, AZ 85253

6735 E Fanfol Dr, Paradise Valley, AZ 85253

6735 E Fanfol Dr, Paradise Valley, AZ 85253

6735 E Fanfol Dr, Paradise Valley, AZ 85253

6735 E Fanfol Dr, Paradise Valley, AZ 85253


Today's Top San Diego Luxury Estate Listed For Sale


The median home value in San Diego County is $529,500. San Diego County home values have gone up 6.3% over the past year. Zillow predicts they will rise 2.4% within the next year.

The median home value in La Jolla, 92037 is $1,497,500. La Jolla, 92037 home values have gone up 6.5% over the past year.  Zillow predicts they will rise 2.3% within the next year.

The median home value in Solana Beach 92075 is $1,250,700. Solana Beach 92075 home values have gone up 3.3% over the past year.  Zillow predicts they will rise 2.5% within the next year.

The median home value in Del Mar 92014 is $1,675,700. Del Mar home values have gone up 9.1% over the past year.  Zillow predicts they will rise 2.5% with then next year.

The median home value in Rancho Santa Fe is $2,675,200. Rancho Santa Fe home values have declined -4.3% over the past year and Zillow predicts they will fall -1.1% within the next year.  

#1     7967 Camino Sin Puente, Rancho Santa Fe, CA 92067 with 5 bedrooms, 7 baths, and 9,817 sq.ft. is listed for sale at $5,575,000

7967 Camino Sin Puente, Rancho Santa Fe, CA 92067

Perched high into the hills of guard gated Cielo in Rancho Santa Fe, this architectural masterpiece created in the style of a modern European Villa and located in award winning RSF School District, enjoys breathtaking views and sweeping vistas to downtown SD and Mexico, seamless indoor and outdoor living, fully automated Smart Home technology and hi-tech security, solar panels, a home theater with 11 motorized seats, and a resort size pool with slide, spa, and grotto.

7967 Camino Sin Puente, Rancho Santa Fe, CA 92067

7967 Camino Sin Puente, Rancho Santa Fe, CA 92067

http://images.ranchosantafehomes4sale.com/property-images/72/2016-06-16t21:09/7967-camino-sin-puente-rancho-santa-fe_160032422-5.jpg

Image result for 7967 camino sin puente, rancho santa fe, ca 92067 photos

7967 Camino Sin Puente, Rancho Santa Fe, CA 92067

7967 Camino Sin Puente, Rancho Santa Fe, CA 92067

7967 Camino Sin Puente, Rancho Santa Fe, CA 92067

Today's Top San Francisco Luxury Estate Listed For Sale


Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,146,800. San Francisco home values have gone up 1.6% over the past year.  Zillow predicts they will rise 0.3% within the next year.

The median home value in Sausalito is $1,258,500. Sausalito home values have gone up 4.8% over the past year. Zillow predicts they will rise 0.5% within the next year. 

The median home value in Tiburon is $2,475,900. Tiburon home values have gone up 2.0% over the past year.   Zillow predicts they will rise 0.8% within the next year. 

The median home value in Saratoga is $2,372,300. Saratoga home values have gone up 0.8% over the past year.  Zillow predicts they will fall -0.3% within the next year. 

#1     2440 Scott Street, San Francisco-Pacific Heights, CA 94115 with 4 bedrooms, 4 baths and 4,392 sq.ft. is listed for sale at $6,745,000.


This magnificent home has an exceptional grace: indoor outdoor living, captivating designer finishes, abundant natural light, and classic architectural details. Recently renovated, designer Douglas Boggs created an inspiring environment of elegance. The thoughtful, open floor plan allows for both graceful entertaining and effective everyday life. Four bedrooms, three and a half baths, grand living room, handsome dining room, sophisticated kitchen, spacious family room with fireplace, media room with custom wet bar, all with patio/garden access. Master suite with luxe bath, three additional bedrooms, renovated baths, office, two car garage, storage, wine room, laundry rm, plus potential for roof deck - all on a cherished Pacific Hts block.








Today's Top Seattle Luxury Estate Listed For Sale

Image result for Seattle

The median home value in Kirkland is $594,400.  Kirkland home values have gone up 13.1% over the past year.  Zillow predicts they will rise 5.3% within the next year.

The median home value in Seattle is $609,100. Seattle home values have gone up 13.3% over the past year. Zillow predicts they will rise 4.7% within the next year.

The median home value in Bellevue is $751,300. Bellevue home values have gone up 13.5% over the past year. Zillow predicts they will rise 4.8% within the next year. 

The median home value in Clyde Hill is $2,149,500. Clyde Hill home values have gone up 7.7% over the past year. Zillow predicts they will rise 3.3% within the next year 

The median home value in Medina is $2,353,600. Medina home values have gone up 
10.6% over the past year and Zillow predicts they will rise 4.2% within the next year. 
    
#1     1637 77th Avenue NE, Medina, WA 98039 with 5 bedrooms, 8 baths, and 
8,531 sq.ft. is listed for sale at $6,888,000

1637 77th Ave Ne, Medina, WA 98039

Brand new estate. Architectural presence on coveted 77th. High ceilings, walls of windows and neutral palette fuse classic East Coast details w/sophisticated, modern style. Magazine-worthy finishes-Calacatta Retro, Quartzite, LaCanche, Bronze hardware, wide-plank Sucapira floors & state-of-the-art systems. Dual Master suites, 2 ensuite bedrooms w/lofts, +four offices +ensuite guest room. Over 3/4 acre, circular drive and endless lawns create a serene park-like setting. Built for generations to come.

1637 77th Ave Ne, Medina, WA 98039

1637 77th Ave Ne, Medina, WA 98039

1637 77th Ave Ne, Medina, WA 98039

1637 77th Ave Ne, Medina, WA 98039

1637 77th Ave Ne, Medina, WA 98039

1637 77th Ave Ne, Medina, WA 98039

1637 77th Ave Ne, Medina, WA 98039



Thanks for reading today's Blog.  Looking for more information?  Have a comment?  Please call, text or email me.  Most importantly, have a great day!

Tom

www.laluxuryrealestateupdates.com

www.phoenixluxuryrealestateupdates.com
www.sandiegorealestateflashreport.com
www.sanfranciscobayarealuxuryrealestateupdates.com
www.sealttleluxuryrealestates.com
www.todaysbestmansionsforsale.com

Tom Furino
Phone/Text 619-944-8749
email: furtree@msn.com