Tuesday, April 11, 2017

Today's Best Mansions: They’re lavish. They’re huge. They're grand. They're expensive.

#1     2727 Benedict Canyon Drive, Beverly Hills, CA 90210 with 11 bedrooms, 
17 baths, and 32,000 sq.ft. is listed for sale at $88,000,000.

Cher Former Beverly Hills Mansion

In Benedict Canyon, minutes from Rodeo Drive and behind a guarded gate, an incomparable equestrian dream unfolds across sixteen magnificent acres. Cher and Murphy once owned a portion of this 16-acre Californian estate that now features two large annexed houses, equestrian facilities, a tennis court and more. Here, miles of riding trails meander through magical woodlands, winding back home to five deluxe stables and two horse rings. A 20,000 square foot main house, now being freshly reinvisioned, is invisible from the rest of the compound.The ultimate equestrian environment with a group of magnificent stables; a pair of pristine and white-graveled riding rings as well a tennis court with seating area, lavishly landscaped grounds, and more. A stunning 7,000-square-foot Moroccan guest house, soaring arched windows prove to be walk-through doorways to the landscape beyond. Moroccan tiles, hand-carved wooden doors and coffered ceilings create a richly inviting ambiance. Sequestered in the canyon just moments from the Beverly Hills Hotel, this vast treasure is part rustic, part refined and wholly without equal.

2727 Benedict Canyon Drive - Gate Open



https://blogs-images.forbes.com/kristintablang/files/2016/07/2727-Benedict-Canyon-Drive-Interior.jpg




https://blogs-images.forbes.com/kristintablang/files/2016/07/2727-Benedict-Canyon-Drive-Lush-Grounds1.jpg


Image result for 2727 benedict canyon drive photos


<span style="line-height: 19.2000007629395px;">Caters</span>

Image result for cher's original beverly hills estate

Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $556,300. Los Angeles County home values have gone up 7.-% over the past year, Zillow predicts they will rise 0.8% within the next year.

The median home value in Brentwood, 90049 is $2,493,800. Brentwood home values have gone up 6.8% over the past year.  Zillow predicts they will rise 1.5% within the next year

The median home value in Malibu is $2,887,500.  Malibu home values have gone up 5.7% over the past year.  Zillow predicts they will rise 0.8 % within the year.'
.
The median home value in Bel Air, 90077 is $3,283,500. Bel  Air home values have gone up 2.9% over the past year.  Zillow predicts they will remain even 0.0% within the next year.

The median home value in Beverly Hills 90210 is $4,842,000.  Beverly Hills home values have gone up 6.0% over the past year.  Zillow predicts they will rise 0.6% with the next year.

#1     31038 Broad Beach Road, Malibu, CA 90265 with 5 bedrooms, 5 baths 
and 5,100 sq.ft. is listed for sale at $22,000,000.



This recently completed Malibu beach villa is located in the prime section of the coveted heart of Broad Beach Road. Exquisitely appointed with imported limestone from Portugal covering both the interior flooring and entry patios, while also accenting the exterior features of the home. Stunning architecture along with spacious living spaces, this home is a true piece of art. The beautifully appointed kitchen opens to the main living area, with no interior walls to obstruct the views to the beachside patio and blue pacific beyond. The living room, with its dramatic fireplace and superbly crafted Albertini teak and Bronze pocketing doors, flows seamlessly to the outdoor living space and entertaining area. The formal dining room is another dramatic space with custom lighting and large walls to display ones collection of fine art. The dramatic solid steel and Caeser-stone floating stairway is a striking feature of the entryway. 










Today's Top Phoenix Luxury Estate  

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 $416,500. Scottsdale home values have gone up 2.9% over the past year. Zillow predicts they will rise 0.2% withiin the next year. 

The median home value in Carefree is $753,200. Carfree home values have gone up 5.0% over the past year.  Zillow predicts they will rise 1.6% within the next year.  

The median home value in Paradise Valley is $1,603,200.  Paradise home values have gone up 2.5% over the past year. Zillow predicts they will rise 0.3% within the next year. 


#1     5335 N Wilkinson Road, Paradise Valley, AZ 85253 with 7 bedrooms, 12 baths, and 15,381 sq.ft. is listed for sale at $18,000,000.



Bramasole: Enjoy your own resort! Privacy, luxury & relaxation in the heart of the Valley. Situated on 4.5 acres of lush landscaping boasting over 15,000 SF of elegance featuring a 3,000-bottle wine cellar, chef's kitchen, library, high-tech media room, exercise room, and an oversized 9 car garage! The outdoor oasis rivals any resort. Dip into your beautiful saltwater pool & spa, entertain with seating for 120 of your closest friends while floating in your 150,000 gallon lazy river with a 30 FT water slide, rope swing, splash pad, volleyball court, firepits and putting green. Enjoy your outdoor commercial kitchen, his & her locker rooms and a separate guest house, in addition to a caretakers cottage with an additional garage! Your dream estate awaits.





















Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $529,200. San Diego County home values have gone up 5.4% over the past year. Zillow predicts they will remain even 0.0% within the next year.

The median home value in La Jolla, 92037 is $1,487,400. La Jolla, 92037 home values have gone up 6.7% over the past year.  Zillow predicts they will rise 0.1% within the next year. 

The median home value in Solana Beach 92075 is $1,262,200. Solana Beach 92075 home values have gone up 4.9% over the past year.  Zillow predicts they will decline - 0.6% within the next year.

The median home value in Del Mar 92014 is $1,684,400 Del Mar home values have gone up 10.1% over the past year.  Zillow predicts they will rise 1.5% within the next year.

The median home value in Rancho Santa Fe is $2,560,100. Rancho Santa Fe home values have declined -4.4% over the past year and Zillow predicts they will decline -3.0% within the next year.

#1     7450 Vista Rancho Court, Rancho Santa Fe, CA 92067 with 5 bedrooms, 6 baths, and 7,406 sq.ft. is listed for sale at $3,495,000.


Beautiful SOLAR-powered, single story home offers panoramic mountain and valley VIEWS from almost every room. The style encompasses ones love of Mediterranean architecture w/ warm modern upgrades such as beautiful hardwood and travertine flooring, energy efficient upgrades, great room with wet bar and Catina doors off the family room, wine-producing vineyard, income-producing grove, and vanishing edge saltwater pool/spa w/ built-in BBQ creating the perfect environment for indoor/outdoor living and entertaining.Privately gated beyond the community gates, this home is very private. Welcoming fountain greets you upon the formal entry with oversized wood and glass doors and high ceilings. Abundant natural light and numerous upgrades can be found throughout this home.








Today's Top San Francisco Luxury Estate 

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,145,300. San Francisco home values have gone up 0.0% over the past year.  Zillow predicts they will decrease by - 0.5% within the next year.

The median home value in Sausalito is $1,280,200. Sausalito home values have gone up 4.4% over the past year. Zillow predicts they will rise 0.3% within the next year. 

The median home value in Tiburon is $2,490,300. Tiburon home values have gone up 1.4% over the past year.   Zillow predicts they will rise 0.4% within the next year. 

The median home value in Saratoga is $2,399,200. Saratoga home values have gone up 0.9% over the past year.  Zillow predicts they will rise 0.3% within the next year. 

The median home value in Atherton is $6,271,800. Atherton home values have gone up 6.7% over the past year and Zillow predicts they will rise 1.7% within the next year. 

#1   294 Page Street, San Francisco, CA 94102 with 4 bedrooms, 4 baths, 
and 6,950 sq.ft. is listed for sale at $5,195,000.



Historical Registered Landmark Queen Anne Victorian is truly a rare San Francisco gem! Located in vibrant area of Hayes Valley, this home exudes of times past while teeming w/modern amenities throughout all 4 incredible levels w/incomparable soaring ceilings. Features include 4+ bdrms, 3.5 bthrms, remdl'd chef's eat-in kitchen w/oversized island & Miele appliances, built in bookcases, 2 fireplaces, grand foyer, oversized FDR, original lower lvl used as ballroom - perfect for entertaining. 4+ car parking, spacious deckk on top level well suited for many uses. Streams w/ natural light + ample storage space. No home can compete w/ the architectural detailing inculding stain glass, skylights & crown molding like you have never seen before.

















Today's Top Seattle Luxury Estate 


Image result for Seattle

The median home value in Kirkland is $609,700.  Kirkland home values have gone up 13.5% over the past year.  Zillow predicts they will rise 4.0% within the next year.

The median home value in Seattle is $624,700. Seattle home values have gone up 11.4% over the past year. Zillow predicts they will rise 3.8% within the next year.

The median home value in Bellevue is $762,500. Bellevue home values have gone up 12.8% over the past year. Zillow predicts they will rise 3.9% within the next year. 


The median home value in Mercer Island, WA is $1,349,500, Mercer island home values have gone up 12.3% over the past year.  Zillow predicts they will rise 4.1% with the next year.

The median home value in Clyde Hill is $2,275,200. Clyde Hill home values have gone up 11.8% over the past year. Zillow predicts they will rise 3.4% within the next year.

The median home value in Medina is $2,376,600. Medina home values have gone up 10.5% over the past year and Zillow predicts they will rise 3.6% within the next year.

#1     6328 170th Place SE. Bellevue, WA 98006 with 6 bedrooms, 5 baths, 
and 7,370 sq.ft. is listed for sale at $4,398,000.



Experience a revolutionary estate high above the clouds! Sited 1,350 feet above sea level
to capture enchanting westerly views of Seattle, Olympic Mountains and Puget Sound. Expertly designed floorplan allows for extended living and features 22 ft. ceilings, exposed walkways and bamboo floors. 6 comfortably proportioned bedrooms, office, home theater and bonus. This tech-savvy oasis is equipped w/ a Control 4 system for lights/security/sound. A unique opportunity that stands out from the rest.









Today's Top Real Estate News

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.18%4.17%+0.013.34%4.39%
15 Yr FRM3.39%3.38%+0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.40%4.39%+0.013.42%4.60%
5/1 Yr ARM3.12%3.13%-0.012.80%3.25%
Updated: 4/10/17 2:52 PM

Mortgage Rates Slightly Higher, But Steady Overall

Apr 10 2017, 4:09PM

Mortgage rates rose slightly again today, despite moderate improvement in underlying bond markets.  Typically, bond market improvement corresponds to lower rates.  Today was an exception because of the timing of recent volatility.  Friday afternoon saw a sharp deterioration in bond markets (implies rates moving higher), but for many lenders, it was too late in the day to reissue rate sheets.  Those lenders had to wait until this morning to adjust rates higher to account for the bond market movement.  In simpler terms, today's higher rates are merely a delayed reaction to Friday's bond market weakness.

All that having been said, mortgage rate movement continues to take place inside an exceptionally narrow range.  For the past 3 weeks, most borrowers would be quoted the exact same NOTE rate from most lenders, with the only variation coming in the form of upfront cost.  The most prevalent top tier conventional 30yr fixed quote remains 4.125%, though several lenders are on either side of that by 0.125%.

Loan Originator Perspective

Bonds seem quite content to idle in place at the moment, with today's rates mirroring Friday's.  Markets gave bonds ample reason to rally Friday (Syrian missile attacks, luke-cold March jobs report), and bond markets just yawned.  Looks like that's the short term trend.  I don't know how much up or down side there is to floating now.  Toss a coin, I guess. -Ted Rood, Senior Originator

Today's Best-Execution Rates

    30YR FIXED - 4.125%
    FHA/VA - 3.75-4.00%
    15 YEAR FIXED - 3.375-3.5%
    5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations
    
Some investors are increasingly worried/convinced that the decades-long trend toward lower rates has been permanently reversed, but such a conclusion would require YEARS to truly confirm
    
Still, it would take something very big and unexpected for rates to make a big, sustained push back toward pre-election levels.   Even then, it would take time to confirm such a shift   
With fiscal and monetary policy paths both clearly putting pressure on rates, at least one of those would need to make a noticeable change before anything but a cautious, lock-biased approach makes sense as a baseline strategy.  Floating should only be considered as a tactical opportunity to capitalize on temporary corrections.    
    
Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders.  The rates generally assume little-to-no origination or discount except as noted when applicable.  Rates appearing on this page are "effective rates" that take day-to-day changes in upfront costs into consideration.

Today's Mortgage Rates
                                                                                            52 Week

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.18%4.17%+0.013.34%4.39%
15 Yr FRM3.39%3.38%+0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.40%4.39%+0.013.42%4.60%
5/1 Yr ARM3.12%3.13%-0.012.80%3.25%
Updated: 4/10/17 2:52 PM


Mortgage Rates Slightly Higher, But Steady Overall

Apr 10 2017, 4:09PM

Mortgage rates rose slightly again today, despite moderate improvement in underlying bond markets.  Typically, bond market improvement corresponds to lower rates.  Today was an exception because of the timing of recent volatility.  Friday afternoon saw a sharp deterioration in bond markets (implies rates moving higher), but for many lenders, it was too late in the day to reissue rate sheets.  Those lenders had to wait until this morning to adjust rates higher to account for the bond market movement.  In simpler terms, today's higher rates are merely a delayed reaction to Friday's bond market weakness.

All that having been said, mortgage rate movement continues to take place inside an exceptionally narrow range.  For the past 3 weeks, most borrowers would be quoted the exact same NOTE rate from most lenders, with the only variation coming in the form of upfront cost.  The most prevalent top tier conventional 30yr fixed quote remains 4.125%, though several lenders are on either side of that by 0.125%.

Loan Originator Perspective

Bonds seem quite content to idle in place at the moment, with today's rates mirroring Friday's.  Markets gave bonds ample reason to rally Friday (Syrian missile attacks, luke-cold March jobs report), and bond markets just yawned.  Looks like that's the short term trend.  I don't know how much up or down side there is to floating now.  Toss a coin, I guess. -Ted Rood, Senior Originator

Today's Best-Execution Rates

    30YR FIXED - 4.125%
    FHA/VA - 3.75-4.00%
    15 YEAR FIXED - 3.375-3.5%
    5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations
    
Some investors are increasingly worried/convinced that the decades-long trend toward lower rates has been permanently reversed, but such a conclusion would require YEARS to truly confirm
    
Still, it would take something very big and unexpected for rates to make a big, sustained push back toward pre-election levels.   Even then, it would take time to confirm such a shift   
With fiscal and monetary policy paths both clearly putting pressure on rates, at least one of those would need to make a noticeable change before anything but a cautious, lock-biased approach makes sense as a baseline strategy.  Floating should only be considered as a tactical opportunity to capitalize on temporary corrections.    
    

Rates discussed refer to the most frequently-quoted, conforming, conventional 30yr fixed rate for top tier borrowers among average to well-priced lenders.  The rates generally assume little-to-no origination or discount except as noted when applicable.  Rates appearing on this page are "effective rates" that take day-to-day changes in upfront costs into consideration.

Thanks for reading today's Blog.  Looking for more information?  Have a comment?  Please call, text or email me at 619-944-8749 or furtree@msn.com. Most importantly, have a great day!

Cordially,

Tom Furino

PS.     Check out all the featured Best Mansions and Top Luxury Estates in Los Angeles, Phoenix, San Diego, San Francisco and Seattle Listed For Sale anytime at:

www.todaysbestmansionsforsale.com
www.laluxuryrealestateupdates.com
www.phoenixluxuryrealestateupdates.com
www.seattlerealestateluxuryhomesupdates.com
www.sandiegorealestateflashreport.com
www.sfluxuryrealestateupdates.com