Monday, April 24, 2017

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

#1     Darlington Mansion, Mahwah, New Jersey 07430 with 21 bedrooms, 29 baths, and 50,000 sq.ft. is listed for sale at $48,000,000.

Estate for Sale at Darlington, New York Metro Mansion Mahwah, New Jersey,07430 United States

One of the world's magnificent and rare estates, Darlington, praised by architectural enthusiasts as the American Versailles, is an architectural masterpiece located within 25 miles of New York City. Originally constructed in 1907 and meticulously renovated in the last seven years, this estate offers approximately 50,000 square feet of spectacular living space and more than 12 acres of marvelous grounds framed by the Ramapo Mountains.The 58-room, three-story mansion that today is listed with both the National Register of Historic Places and the New Jersey Register of Historic Places was the dream of George Crocker, son of railroad magnate Charles Crocker. The majestic dwelling, modeled after an English castle nearly a century ago, rivals the Gilded Age mansions in Newport, Rhode Island, and overlooks the Ramapo Valley. The architect of the mansion was James Brite, who along with his partner, Henry Bacon, also created the original Madison Square Garden, American University in Washington, D.C., and the world-famous Lincoln Memorial in Washington, D.C.

During the last seven years, the mansion has been completely renovated. In this process, the original architectural genius was retained and original precious materials were preserved. At the same time, all mechanical systems were replaced, all bathrooms were rebuilt, and a new living area of 12,000 square feet was added. The renovation of the mansion was performed by a unique team of architects, designers, craftsmen, and local artists. Over 100 years after the original construction, the renovation project again employed the most talented Italian wood carvers (whose works include the Italian Parliament as well as the Ritz-Carlton and Waldorf-Astoria in New York City) and the world's top designers to bring the mansion into the 21st Century.







Estate for Sale at Darlington, New York Metro Mansion Mahwah, New Jersey,07430 United States



Estate for Sale at Darlington, New York Metro Mansion Mahwah, New Jersey,07430 United States
















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.'
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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     898 North Bundy Drive, Los Angeles, CA 90049 with 5 bedrooms, 6 baths, 
and 5,634 sq.ft. is listed for sale at $5,495,000.


Ponder the enchantment of living in a magnificent estate on a large private knoll above the street, surrounded by lush tropical gardens. Fresh, wide-open public rooms with high ceilings, light wood floors and sun-dappled walls set the tone for intimate parties or gala events. The large living and dining rooms are open and informal. The crown jewel of the home is a stunning, sunny and spacious chef's kitchen, with an oversized center island and large seating area, that can serve as a busy family's central hub or as the hot spot of a couple's dinner party. It has a grand family room and also leads to a lovely outdoor terrace and pool. Four bedrooms up include a sensational master suite. The lower level includes a guest suite, a gym and wine storage. There is a sensational outdoor loggia with fireplace for dining al fresco, which overlooks the pool and beautiful grounds. The home has all the amenities, a dreamy lifestyle and is an incredible value. 









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
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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     42267 North Saguaro Forest Drive, Scottsdale, AZ 85262 with 4 bedrooms, 
5 baths and 4,588 sq.ft. is listed for sale at $2,300,000.


Beautiful Tuscan home in the community of Desert Mountain. The Chiricahua Villas are a special village within Desert Mountain. Gorgeous landscaping with an abundance of beautiful roses and desert landscape. 4 bedroom suites with a small study off the main entrance. Hardwood floors, Top of the line appliances, Magnificent city lights, sunsets and mountain views. Golf membership inc. in the price.







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     160 Carob Way, Coronado, CA 92118 with 5 bedrooms, 6 baths, and 4,200 sq.ft. is listed for sale at $4,500,000.


New Construction! Coastal Contemporary with Ocean Views from the rooftop deck, perfect for entertaining! Beautifully appointed and exquisitely designed, this ultimate beach house is located just two blocks from the ocean's edge. Open floor plan and ideal for entertaining. Let your guests flow from the luxurious interior to the lavish exterior including summer kitchen, pool and spa. Property under construction. 







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      35 Bayberry Place, Hillsborough, CA 940110 with 5 bedrooms, 5 baths, 
and 4,364 sq.ft. is listed for sale at $5,295,000.



This home has it all including tall ceilings,  move-in condition plus a 3 car garage tucked away on a quiet cul-de-sac very close to North and Crocker  Enjoy the incredible family kitchen, large family room and separate office. Kitchen, Family and master bedroom open to a wonderful level yard with Bluestone patio, firepit , 2 built-in barbeques and vegetable garden. Just over 1/2 acre with total privacy. Property is entirely walled and fenced with electric gates. Absolutely perfect for entertaining inside and out.








Today's Top Seattle Luxury Estate 

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     403 W Comstock Street, Seattle, WA 98119 with 5 bedrooms, 4 baths, 
and 5,148 sq.ft. is listed for sale at $3,585,000.


This long admired home that has been sought by many has come to market for the 1st time in over 20 yrs. Upon even the most casual of glances it is easy to see why this home has garnered such a loyal following: classic early Seattle architecture sited on a SW facing corner lot on one of the best streets in the city. Beyond the front door the home unveils what could only be imagined by passersby on the street as one recent visitor put it, it is a seriously great house on Comstock!










Today's  Real Estate News
Home Prices Hit Post Crisis Peak -Black Knight
Apr 24 2017, 10:18AM

By Jann Swanson
Mortgage News Daily

Home prices in February rose at their fastest pace since last June, up 0.8 percent on a month-over-month basis.  Black Knight Financial Services said its national-level Home Price Index (HPI) hit $268,000 during the month, a new post-crisis peak.  Prices are now up 5.7 percent compared to March 2016 and have risen 1.0 percent since the first of this year.



Washington State had the largest monthly gain, up 2.2 percent.  Colorado and Oregon followed with 1.6 percent and 1.5 percent growth respectively.  Prices did not fall in even the worst performing of the states: West Virginia and Connecticut, were unchanged from January.  They were followed by Rhode Island and Ohio with, each with 0.1 percent gains.

For the third month in a row Tuscaloosa was the poorest performing metropolitan area.  Prices there declined 4.7 percent from January, more than eight times the 0.5 percent rate of decline in the second worst performing metro area, Atlantic City.  Seattle saw 2.7 percent appreciation, the most of any metropolitan area, followed by San Jose, Denver, and Bellingham, each with monthly gains of 2 percent or more.  Washington State accounted for six of the 10 fastest appreciating metro areas.

Home prices in six of the nation's 20 largest states and 14 of the 40 largest metros hit new peaks in February
Today's Mortgage Rates                                                                             52 Week.
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.05%4.04%+0.013.34%4.39%
15 Yr FRM3.29%3.28%+0.012.69%3.61%
FHA 30 Year Fixed3.75%3.75%--3.15%4.10%
Jumbo 30 Year Fixed4.32%4.31%+0.013.42%4.60%
5/1 Yr ARM3.04%3.05%-0.012.80%3.25%
Updated: 4/21/17 4:22 PM
Mortgage Rates End Week Roughly Unchanged
Apr 21 2017, 4:28PM

Mortgage rates were sideways to slightly higher this week as global financial markets braced for volatility surrounding this weekend's French election.  While it may seem like a world away from the domestic mortgage market, events that potentially impact the stability of the European Union have a strong track record of filtering through to movement in domestic bond markets.  And bond markets are the primary driver of day-to-day movement in mortgage rates.  

In addition to preparations for the weekend's events, traders also reacted to today's headlines concerning tax reform.  Just before 2pm, the Associated Press reported that Trump would announce his tax plan next week and that it would be bigger than "any tax cut ever."  In general, the promise of tax cuts has fueled stock market gains at the expense of interest rates.  True to form, stocks and bond yields (which correlate with mortgage rates) moved higher after the announcement.

For most lenders, the move was too little, too late to change the day's rate sheets, thus leaving us in similar territory to yesterday.   In general, the entire week has been spent at or near 2017's lows.  The late day weakness in bond markets means that we start next week at a bit of a disadvantage.  In other words, in the unlikely event that bond markets begin the week at current levels, most lenders will be priced a little higher than they are today.

Loan Originator Perspective


Bonds ended the week virtually unchanged; Tuesday's gains evaporated as the week progressed.  Unchanged is hardly a bad situation, as we're still near the lowest rates in 5 months.  It's likely the French presidential election Sunday will result in a runoff, the bigger questions may be allegations of Russian election meddling and terrorist concerns.  Bonds are somewhere between a holding pattern and a rally, if you're floating, keep your focus on the markets. -Ted Rood, Senior Originator

I continue to favor floating until within 15 days of closing.   Bonds are in the green today, but with it being Friday, lenders are slow to pass along the gains.  Especially slow today thanks to the weakness of the last couple days.   There is never anything wrong with locking if you are happy with the current terms offered as it is always better to lock when you should have floated, then to float when you should have locked. -Victor Burek, Churchill Mortgage

Today's Best-Execution Rates

  • 30YR FIXED - 4.0%
  • FHA/VA - 3.5 - 3.75%
  • 15 YEAR FIXED - 3.25%
  • 5 YEAR ARMS -  2.75 - 3.25% depending on the lender

Ongoing Lock/Float Considerations

  • Investors were relatively convinced that the decades-long trend toward lower rates had been permanently reversed after Trump became president, but such a conclusion would require YEARS to truly confirm
  • Instead of continuing higher in 2017, rates instead formed a narrow, sideways range, and held inside until April.  Investor perceptions are shifting such that fiscal reforms and other policy developments will need to live up to expectations in order to push rates higher.  Geopolitical risks would also need to avoid flaring up (more than they already have)
     
  • For the first time since the election, we're in a rate environment where you wouldn't be crazy not to lock at every little opportunity/improvement.  Until/unless it's broken, the highest rates of early-2017 mark the ceiling, and we're now waiting to see how much lower we can go from here.
     
  • 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