Friday, June 30, 2017


Today's Best Mansion: It's lavish. It's huge. It's grand. It's expensive.

#1     18 Frick Drive, Alpine, New Jersey 07620 with 12 bedrooms, 10 baths, 
and 30,000 sq.ft. is listed for sale at $39,900,000.
Located just 8 miles from Manhattan, in the coveted enclave of Alpine, 18 Frick Drive blends timeless elegance & grandeur with the finest luxuries of today. Built on the historic former property of Henry Clay Frick II, this estate provides the ultimate in luxury & privacy. Set behind a private gate & stonewall perimeter, an unrivaled 30,000 sq ft showplace awaits. 42 Rms of stunning interiors, 12BR suites, an elegant study w/ 30'arched ceilings, grand reception rms, gracious diningand ballroom. The attention to detail is endless. Opulent, yet tasteful, the home provides an ideal venue for entertaining. Laden with such state of the art amenities as a home theater, spa/fitness center, indoor basketball & 4,000 bottle wine cellar. The outdoors is comprised of lavish landscaped gardens, tennis court, 65ft saltwater pool,Jacuzzi, pool house with changing rms, kitch & frpl. Other features include elevator, staff qtrs and a motor court with garaging for 11 cars.

 Image result for Stone Mansion Alpine NJ

Image result for 18 frick dr, alpine, nj 07620 photos







Image result for Stone Mansion Alpine NJ

Image result for Stone Mansion Alpine NJ





Today's Top LA Luxury Estate 


The median home value in Los Angeles County is $566,400. Los Angeles County home values have gone up 6.7% over the past year, Zillow predicts hey will decrease (-2.2%) within the next year.

The median home value in Brentwood, 90049 is $2,425,700. Brentwood home values have gone up 3.0% over the past year.  Zillow predicts they will decrease (- 3.0%) within the next year

The median home value in Malibu is $2,885,000.  Malibu home values have gone up 4.6% over the past year.  Zillow predicts they will decrease (-2.7%) within the year.

The median home value in Bel Air, 90077 is $3,264,800  Bel  Air home values have gone up 0.5% over the past year.  Zillow predicts they will go down  (-3.8%) within the year.

The median home value in Beverly Hills 90210 is $4,893,900.  Beverly Hills home values have gone up 0.4% over the past year.  Zillow predicts they will decrease (-2.4%)  within the next year.

#1      900 West Olympic Blvd. # 51A, Los Angeles, CA 90015 with 3 bedrooms,  
4 baths and 6,590 sq.ft. is listed for sale at $12,000,000.


The crown jewel of Downtown Los Angeles, 51A is a duplex penthouse atop The Ritz-Carlton Residences at L.A. Live and was masterfully custom designed by Moore Ruble Yudell. With 6,590 sq. ft. of fully-furnished interiors, this remarkable residence in the sky affords you uninterrupted jetliner views of downtown and the Los Angeles skyline, access to The Ritz-Carlton's gold standard of service and has you an elevator ride away from city's premiere sports and entertainment attractions. The sleek, flush design is ideal for showcasing artwork and creates a dynamic visual experience throughout. A second level en-suite guest bedroom is joined by a master wing featuring a lounge room, spa-like bath, full bar and closets reminiscent of a high-end boutique. In addition to a world-class restaurant, residential sky lobby and private heated rooftop pool terrace, all residents can seek out the nearby STAPLES Center, Microsoft Theatre, L.A. LIVE and The GRAMMY Museum. 

900 W Olympic #51A, Los Angeles, CA 90015

900 W Olympic #51A, Los Angeles, CA 90015


900 W Olympic #51A, Los Angeles, CA 90015

900 W Olympic #51A, Los Angeles, CA 90015

900 W Olympic #51A, Los Angeles, CA 90015

900 W Olympic #51A, Los Angeles, CA 90015
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 $421,200. Scottsdale home values have gone up 2.8% over the past year.  Zillow predicts they will decrease (-2.7%) within the next year. 

The median home value in Carefree is $751,100. Carefree home values have gone up 3.6% over the past year.  Zillow predicts they will decrease (-1.7%) within the next year.

The median home value in Paradise Valley is $1,611,700.  Paradise home values have gone up 1.0% over the past year. Zillow predicts they will decrease (-2.8%) within the next year.

#1     56 Biltmore Estates, Phoenix, AZ 85016 with 4 bedrooms, 5 baths, 
and 6,054 sq.ft. is listed for sale at $3,995,000.


Luxury defined! Rare chance to own a private retreat on the prestigious Biltmore Circle at the Arizona Biltmore Resort. The custom Mediterranean home sits nestled in a gated corner lot backing the 8th hole of the Links Golf Course with lush private grounds and the perfect outdoor living space for year round entertaining. You will fall in love upon entry with every detail from the custom iron front door with vine insert to the hand painted murals on the ceilings. Gourmet chef's kitchen boastsover sized Viking cooktop, double ovens, warming drawer and a separate catering kitchen and butlers pantry. Entertain your guests next to a cozy fire in the great room that features floor-to-ceiling stonework that abuts the wet bar and 340 bottle wine cellar. 










Today's Top San Diego Luxury Estate 


The median home value in San Diego County is $543,400. San Diego County home values have gone up 5.7% over the past year. Zillow predicts they will remain even 2.4% within the next year.

The median home value in La Jolla, 92037 is $1,476,600. La Jolla, 92037 home values have gone up 1.1% this past year.  Zillow predicts they will decrease (1.2%) within the next year.

The median home value in Solana Beach 92075 is $1,284,100. 
Solana Beach 92075 home values have gone up 5.3% this past year. Zillow predicts they will rise 1.6%% within the next year.

The median home value in Del Mar 92014 is $1,615,300 Del Mar home values have gone up 3.2% over the past year.  Zillow predicts they will decrease (0.6%) within the next year.

The median home value in Rancho Santa Fe is $2,593,300. Rancho Santa Fe home values have declined -(2.9)% over the past year and Zillow predicts they will decline -(3.7)% within the next year.

#1       550 Front Street #3402, San Diego, CA 92101 with 2 bedrooms, 4 baths, 
and 2,961 sq.ft. is listed for sale at $4,750,000.


Live like royalty at this palatial Penthouse in the prestigious Pinnacle Marina Tower high-rise located in Downtown San Diego's Marina District! In addition to its expansive 2961 SqFt floorplan, this incredible unit offers an additional 831 SqFt private balconies that boast incredible 180-degree views overlooking the SD Bay, Coronado & Mexico! Offering well-appointed details everywhere you turn, this unit is a must-see for buyers hoping to live a life of total opulence!










Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco is $1,194,500. San Francisco 
home values have gone up 4.0% over the past year.  Zillow predicts they will decrease by 1.0% within the year.

The median home value in Sausalito is $1,256,800. Sausalito home values have gone up 2.6% over the past year. Zillow predicts they will rise 1.5% within the next year. 

The median home value in Tiburon is $2,479,000. Tiburon home values 
have gone up 2.1% over the past year.   Zillow predicts they will rise decrease by (2.2%) within the next year. 


The medium home value in Saratoga is $2,453,600.  Saratoga home values have gone up 2.8% this past year.  Zillow predicts they will decrease (- 2.4%) within the next year. 

The median home value in Atherton is $6,343,800. Atherton home values have gone up 7.3% over the past year and Zillow predicts they will decrease ( -1.8%) within the next year.


#1     1700 Carriger Hills Lane, Sonoma, CA 95476 with 3 bedrooms, 4 baths 
and 3,778 sq.ft. is listed for sale at $5,800,000.

Situated in the eastern hills of Sonoma Valley this fully renovated estate with sweeping views, communicates style, substance and luxury. The property, a approximately 12.96 acre parcel enveloped in seclusion and solitude, looks upon a rare south facing view of the entire Sonoma Valley. Designed by noted Montecito design firm, K+A Design Group, the estate is fabulously contemporary and pleasingly understated.







Today's Top Seattle Luxury Estate

Image result for Seattle 
The median home value in King County is $566,900. King County home values have gone up 15.7% over the past year.  Zillow predicts they will rise 3.2% within the next year.

The median home value in Kirkland is $645,900.  Kirkland home values have gone up 17.8% over the past year.  Zillow predicts they will rise 3.7% within the next year.

The median home value in Seattle is $670,300. Seattle home values have gone up 14.5% over the past year. Zillow predicts they will rise 3.1% within the next year.

The median home value in Bellevue is $819,700. Bellevue home values have gone up 15.6% over the past year. Zillow predicts they will rise 3.2% within the next year. 

The median home value in Mercer Island is $1,401,000, Mercer island home values have gone up 10.7% over the past year.  Zillow predicts they will rise 2.6% with the next year.

The median home value in Clyde Hill is $2,425,000. Clyde Hill home values have gone up 13.0% over the past year. Zillow predicts they will rise 2.6% within the next year.

The median home value in Medina is $2,545,200. Medina home values have gone up 13.5% over the past year and Zillow predicts they will rise 2.8% within the next year.


#1       2821 2nd Avenue #2301, Seattle, WA 98121 with 3 bedrooms, 5 baths, 
and 5,732 sq.ft. is listed for sale at $13,800,000.


This exquisite penthouse at Bay Vista offers more than 5700 sq ft of living space spread between 2 floors, created as a collaboration between designer Gregory Carmichael and architect Rick Sundberg. Designed to function as an ingenious framework for unparalleled views of Seattle and its natural surroundings, the residence is meticulously constructed from a sophisticated palette of exotic hardwoods, artisan metals and natural stone surfaces and is offered with a full suite of bespoke furnishings. Offered fully furnished, with 3 parking & storage.Amenities include: 24 hr door staff, pool, gym, spa, running track, garden & tennis court.










Today's Top Real Estate News

Could Your Property Be Worth More If You Tear Down Your Home?


Realtor.com

teardowns-on-the-rise             



Sellers take note: The land beneath your home could be worth more than the home itself—in some cases a lot more.

In some big cities, particularly along the coasts where land is at a premium, zoning often permits an apartment building or small condo complex to go up where a small, single-family home once stood. And that can make the land itself, and the possibilities it presents, significantly more valuable than the house sitting on top of it.

More and more developers and builders are taking note. Teardowns accounted for 10.2%, or 79,000, of all of the new home construction started in 2016, according to the National Association of Home Builders. That's up from 7.7%, or 55,000, in 2015.
In a housing market defined by skyrocketing home prices and razor-thin inventory levels, teardowns are becoming more common.

"It’s so hard for developers to acquire land to build on due to environmental regulations and getting zoning approval," says economist Paul Emrath, NAHB's vice president of survey and housing policy research. And that's what makes teardowns so attractive.

Traditionally, a lot is worth only about 10% of the overall property value; the home is worth the remaining 90%, Emrath says. But in some costly parts of the country that math has changed.

"If you have a parcel of land and ... a single-family home and you can get rezoned for a multifamily [project] and put up a [condo or apartment] high-rise ... then that’s going to be more valuable," especially in a red-hot housing market, Emrath says.

Teardowns aren't just homes. Sometimes, they're empty school buildings or decaying commercial structures that developers want to turn into multiple homes.
Or they might be aging homes in bad shape that the new owners want to replace with newer, larger residences—like a McMansion.

"Trying to renovate it or bring it up to what you want might be much more expensive than just starting over," Emrath says.

The most teardowns were in the West, the most expensive U.S. region, where about 33,400 structures met the wrecking ball in 2016. Quite a few structures, 23,800 of them, met their makers in the South as well, followed by the Midwest, at 12,300, and the Northeast, at 9,800.

Teardowns peaked in popularity in the late 1990s and early 2000s until the financial crisis hit. Now they are not only surging again, they are also being fundamentally redefined. In the hottest markets, it's more than just substandard homes being torn down.

In San Francisco, plenty of developers and regular homeowners are buying homes that aren't even in bad shape simply to get the land, says Patrick Carlisle, chief marketing analyst at Paragon Real Estate Group, in San Francisco. That's why wannabe homeowners are dropping small—and large—fortunes on relatively small homes.

"It might start out as a 1,400- to 1,600-square-foot house," he says. "Yet the zoning and building code will allow you to put a 3,200-square-foot house on the land."


Today's Mortgage Rates

Mortgage Rates Highest in More Than a Month
Jun 29 2017, 4:08PM

Mortgage rates are higher again today, with the average lender now back to levels not seen since May 16th, 2017.  Unless you've been following every little day-to-day change in rates, the apparent drama over the past few days is laughable.  In the worst cases, some borrowers are now seeing rate quotes that are an eighth of percentage point higher than those seen on Monday morning.  This comes out to $14/month for every $200k financed, but it can be more than a thousand dollars in terms of upfront costs on the same loan amount.

There are quite a few news stories out there today talking about the "lowest rates of the year."  Don't be fooled.  These stories are based on a press release from Freddie Mac's weekly rate survey.  While the survey is very accurate over time, and highly regarded for decades, it doesn't do a good job of capturing day-to-day movement.  In fact, it never even counts Thursday and Friday's rates, and typically focuses on Monday and the first half of Tuesday.  

A lot has changed since Monday and the first half of Tuesday.  The current trend is the most aggressive we've seen since early March, and it should be respected until further increases in rates can be ruled out.  It will be difficult to assess the trend in the coming days due to the Independence Day holiday.  Many market participants will be out of the office or on abbreviated schedules.  Bottom line, err on the side of caution until further market movement proves itself friendly.

52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.06%4.02%+0.043.34%4.39%
15 Yr FRM3.31%3.28%+0.032.69%3.61%
FHA 30 Year Fixed3.75%3.65%+0.103.15%4.10%
Jumbo 30 Year Fixed4.31%4.27%+0.043.42%4.60%
5/1 Yr ARM3.15%3.13%+0.022.80%3.25%


Thanks for reading "Today's Best Mansions"

Looking for more information?  Have a comment?  Need a Realtor referral?  
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 "Today's 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