Friday, December 1, 2017


Today's Best Mansionwww.todaysbestmansionsforsale.com

It's lavish. It's huge. It's grand. It's expensive

#1      Halsey Lane Compound, Water Mill, NY 11976 with 11 bedrooms, 16 baths and 20,000 sq.ft. is listed for sale at $54,950,000



The Halsey Lane Compound, an exceptional landmark waterfront estate originating from the 1919 vision of shipping magnate Edward P. Morse, has been stunningly transformed without altering the commanding presence of its 11.6 acres of magnificence. The home and ancillary structures of the estate have been fully restored and modernized with the link to the glory and elegance of its past. The main house of 11 bedrooms, including a six room master suite, a serene light filled atrium, and wonderfully appointed living and recreational spaces, forms a theme and partnership with the ornamental formal gardens, 784 bulkhead feet of breathtaking waterfront and endless views of the Mecox Bay.In 2005 the present owners, world-renowned designers, purchased this one-of-a-kind property and began a six year project to recapture its grandeur and splendidness while molding it into a 21st century estate home with all modern amenities including Carrara marble baths and radiant floor heating for perfect comfort any time of the year; the Mahogany Tischler und Sohn windows and doors allow the splendid light in from every angle and dictates the quality of the spaces. The 20,000 SF+/- main structure and its four levels of characterful accommodation that provide this enormously comfortable family home, also includes a Carriage House and Guest Cottage/Gate House - each roof covered in Greenstone slate with leaders and gutters lead coated to proclaim each structure an intrinsic part of the whole. Not to be left out of this splendid environment are the recreational virtues such as the all-weather tennis court, a 68' x 30' heated gunite pool, and two pool pavilions with kitchen and bath.The brilliant artist Edmund D. Hollander, who provided year round beauty and privacy, designed the immaculate eye-catching landscape of seven waterfront acres plus. The original architect, Frank Freeman, followed by internationally noted architect Andre Tchelistcheff and his craftsmen of John Hummel Custom Builders, transformed the property structures enriching each room, each area, and each building with a modernity befitting the contemporary lifestyle. Nothing has been forgotten - from the sublime to the practical - on this estate. As an example, the Statuary marble in the main kitchen allows focus on the organic quality and feel of the culinary spaces without losing the form and function of their raison d'etre. From a climate controlled wine cellar, Lutron lighting throughout, to a Crestron Home Automation System that does its work quietly and efficiently soothing and personalizing everything into the breathtaking estate and refuge that it is today 'all working their magic on this unforgettable, incomparable.

















Today's Top San Diego Luxury Estates


The median home value in San Diego County is $555,800. San Diego County home values have gone up 6.2% over the past year and Zillow predicts they will rise 2.7% within the next year
The median home value in Coronado is $1,529,100. Coronado home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.4% within the next year. 

The median home value in La Jolla, 92037 is $1,532,000. 92037 home values have gone up  4.7% over the past year and Zillow predicts they will rise 2.1% within the next year.

The median home value in Solona Beach, 92075 is $1,297,500. 92075 home values have declined -0.8% over the past year and Zillow predicts they will rise 2.0% within the next year.  


The median home value in Del Mar, 92014 is $1,613,200. 92014 home values have gone up 0.7% over the past year and Zillow predicts they will rise 0.5% within the next year. 

The median home value in Rancho Santa Fe is $2,650,800. Rancho Santa Fe home values have gone up 0.8% over the past year and Zillow predicts they will rise 0.9% within the next year.

#1      1750 Ocean Front  #5, Del Mar, CA 92014 with 2 bedrooms, 3 baths 
and 1,100 sq.ft. is listed for sale at $2,895,000.



Rare and amazing opportunity to own high-end completely custom remodeled, fully furnished, ocean view, ON THE SAND condo in Del Mar Beach Colony. Your clients will fall in love and want to make this their 2nd home! 2 bedrooms, 3 full baths, 1100 square feet. 3 outdoor living areas make this for perfect for entertaining and provides much more living space! Dine alfresco on the lower patio. Watch the surfers and sunsets while you relax in your master bedroom and upper level deck. Middle deck has built-in barbecue, outdoor seating and nice fire pit. Walk straight out to the beach and start your holiday. Take a leisurely stroll to high end restaurants, shopping, galleries and more. It doesnt get better than this. Use part of the year and rent to snowbirds, horse race enthusiasts and vacationers the rest of the year! 












Today's Top LA Luxury Estate.



The median home value in Orange County is $692,900. Orange County home values have gone up 4.0% over the past year and Zillow predicts they will rise 0.5% within the next year. 

The median home value in Los Angeles County is $576,900. Los Angeles County home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.2% within the next year.

The median home value in Newport Beach is $1,654,500. Newport Beach home values have gone up 1.5% over the past year and Zillow predicts they will rise 0.6% within the next year. 

The median home value in Santa Monica is $1,401,400. Santa Monica home values have gone up 0.2% over the past year and Zillow predicts they will fall -0.3% within the next year

The median home value in 90049 is $2,404,100. 90049 home values have declined -0.8% over the past year and Zillow predicts they will fall -1.2% within the next year.

The median home value in Pacific Palisades is $2,743,900. Pacific Palisades home values have gone up 3.7% over the past year and Zillow predicts they will rise 0.5% within the next year.

The median home value in Malibu is $2,974,700. Malibu home values have gone up 6.6% over the past year and Zillow predicts they will rise 1.0% within the next year.

The median home value in Bel Air is $3,316,000. Bel Air home values have gone up 2.0% over the past year and Zillow predicts they will fall -0.2% within the next year.

The median home value in Beverly Hills, 90210 is $4,890,900. 90210 home values have gone up 4.5% over the past year and Zillow predicts they will rise 0.5% within the next year.

#1     7199 La Presa Drive, Los Angeles, CA 90068 with 6 bedrooms, 8 baths 
and 8,097 sq.ft. is listed $10,995,000.

7100 La Presa Dr, Los Angeles (City), CA 90068

Sweeping views across LA's skyline from Downtown to Santa Monica Bay are enjoyed from nearly every inch of this extraordinary estate. Gated motorcourt entry conceals a majestic Mediterranean Villa boasting architectural details with warm contemporary interiors, the perfect blend for synergistic effect. Situated handsomely in Outpost Estates, this home takes advantage of a promontory ridge front seat that affords endless dramatic views. 2-story foyer sets the tone for an impressive volume of space. The character-adorned living room features fireplace and wood-beamed ceiling plus a musician's balcony. Dining room is enhanced with embossed tin ceiling panels and archway views to the city or private garden access. Enjoy pre-dinner cocktails in the Wine Lounge. Spacious kitchen surveys sweeping views and opens to family room. Multi-use media room, Infinity-edge pool, dual garages, maid's quarters plus a separate guest house are additional destinations for this ultimate LA lifestyle residence. 

7100 La Presa Dr, Los Angeles (City), CA 90068

7100 La Presa Dr, Los Angeles (City), CA 90068

7100 La Presa Dr, Los Angeles (City), CA 90068

7100 La Presa Dr, Los Angeles (City), CA 90068

7100 La Presa Dr, Los Angeles (City), CA 90068

7100 La Presa Dr, Los Angeles (City), CA 90068

7100 La Presa Dr, Los Angeles (City), CA 90068


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 Maricopa County is $248,200. Maricopa County home values have gone up 6.3% over the past year and Zillow predicts they will rise 2.9% within the next year.

The median home value in Scottsdale is $427,600. Scottsdale home values have gone up 3.6% over the past year and Zillow predicts they will rise 1.8% within the next year.

The median home value in Carefree is $745,700. Carefree home values have gone up 1.9%         over the past year and Zillow predicts they will rise 1.5% within the next year. 

The median home value in Paradise Valley is $1,621,200. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year.

#1     20243 North 103rd Way, Scottsdale, AZ 85255 with 6 bedrooms, 8 baths, and 8,279 sq.ft. is listed for sale at $4,995,000.


Get away from Tuscan and welcome to light and bright! This beautiful 8,279/sf home sits on the 3rd fairway of the Tom Wieskopf designed Silverleaf golf course with breathtaking fairways and McDowell Mountain views. Out front you will also get city light views. The home features 6 bedrooms including the casita, and 8 baths. This near new home has the finishes most people are looking for today with a floor plan perfect for family living and entertaining. The indoors flow into the resort stylebackyard with several outdoor living areas and patios for taking in the views. The floor plan is ideal for family living and entertaining and flows seamlessly to the resort style outdoor living spaces with pool, spa, BBQ and multiple Travertine paved view patios. 


















Today's Top San Francisco Luxury Estate

Image result for San Francisco skyline pictures

The median home value in San Francisco County is $1,249,600. San Francisco County home values have gone up 11.8% over the past year and Zillow predicts they will rise 2.3% within the next year. 

The median home value in Marin County is $1,058,400. Marin County home values have gone up 6.1% over the past year and Zillow predicts they will rise 1.2% within the next year.

The median home value in Santa Clara County is $1,093,600. Santa Clara County home values have gone up 12.1% over the past year and Zillow predicts they will rise 5.7% within the next year.

The median home value in Sausalito is $1,326,600. Sausalito home values have gone up8.6% over the past year and Zillow predicts they will rise 0.7% within the next year. 

The median home value in Tiburon is $2,559,300. Tiburon home values have gone up 6.9% over the past year and Zillow predicts they will rise 0.9% within the next year

The median home value in Palo Alto is $2,728,800. Palo Alto home values have gone up 10.1% over the past year and Zillow predicts they will rise 5.0% within the next year.         
            
The median home value in Los Altos is $2,926,900. Los Altos home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.4% within the next year.         

The median home value in Saratoga is $2,579,400. Saratoga home values have gone up 8.9% over the past year and Zillow predicts they will rise 4.9% within the next year.    

The median home value in Atherton is $6,585,600. Atherton home values have gone up 5.8% over the past year and Zillow predicts they will rise 1.8% within the next year.

#1      215 Coleridge Avenue, Palo Alto, CA 94301 with 6 bedrooms, 5 baths 
and 4,586 sq.ft. is listed for sale at $23,495,000.



Prime location in Old Palo Alto-premium street surrounded by estate properties. Signature home with fine craftsmanship reminiscent of early California architecture contributing to the history of Palo Alto. The main residence consists of 6 generous bedrooms, plus dedicated office and sun room, 4.5 baths, formal living and dining rooms, family room, service area and a guest cottage. Expansive, private manicured gardens, sparkling pool, vast lawns, well-defined vegetable garden and pergola-covered terraces. Approximately 3/4 acre notably one of the largest lots in all of Old Palo-32,500 square feet comprised of two parcels with separate APN numbers. Within close proximity to downtown, Stanford University, Sand Hill Road venture companies, easy access to HWY 101, Excellent Palo Alto Schools. Rare offering in a prime location. 
















Today's Top Seattle Luxury Estate

Image result for Seattle  

The median home value in King County is $592,300. King County home values have gone up 14.2% over the past year and Zillow predicts they will rise 5.5% within the next year

The median home value in Kirkland is $706,900. Kirkland home values have gone up 18.8%  over the past year and Zillow predicts they will rise 6.5% within the next year.

The median home value in Seattle is $697,700. Seattle home values have gone up 14.1% over the past year and Zillow predicts they will rise 5.4% within the next year.

The median home value in Bellevue is $853,500. Bellevue home values have gone up 14.7% over the past year and Zillow predicts they will rise 5.5% within the next year.

The median home value in Mercer Island is $1,380,200. Mercer Island home values have gone up 6.0% over the past year and Zillow predicts they will rise 3.0% within the next year. 

.The median home value in Clyde Hill is $2,636,300. Clyde Hill home values have gone up 19.1% over the past year and Zillow predicts they will rise 7.2% within the next year.

 The median home value in Medina is $2,709,200. Medina home values have gone up 16.7% over the past year and Zillow predicts they will rise 6.3% within the next year.


#1      909 5th Avenue, #2402, Seattle, WA with 2 bedrooms, 3 baths, and 1,958 sq.ft. is listed for sale at $2,395,000.



Stunning view penthouse located in Seattle's Financial Area. Modern design with dark hardwood floors, limestone accent entry, gas fireplace, soaking tub. Chef's kitchen with granite counter tops, separate wine fridge and Wolf & Sub-Zero stainless steel appliances. 12'5" ceilings & panoramic views. Building amenities include: common patio w/barbecue, lounge w/open kitchenettes, exercise room, 24/7 lobby attendant and dog walk area.















Today's Best Mortgage Rates
Mortgage Rates Hit 1-Month Highs
Nov 30 2017, 4:12PM


There are several news stories out today that reference LOWER rates this week. These all rely on stale survey data that failed to account for changes over the past 2 days. 
Mortgage rates actually continued higher today at the same quicker pace seen yesterday.  Due to the relatively narrow range during November, rates are now in line with their highest levels in more than a month whereas they were at 2-week lows just 2 days ago.  The average lender is now quoting conventional 30yr fixed rates of 4.0% on top tier scenarios, with a few outliers at 3.875% and 4.125%.  A few days ago, 3.875% was nearly as prevalent.

As we discussed yesterday, the potential tax bill has had a pretty consistent relationship with rates.  To whatever extent it looks passable, rates have generally moved higher.  Today was no exception as McCain, one of the few remaining GOP holdouts, said he'd now vote for the bill.  The Senate plans to vote on the bill late tonight or tomorrow.

ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.03%3.98%+0.053.84%4.39%
15 Yr FRM3.35%3.32%+0.033.12%3.61%
FHA 30 Year Fixed3.65%3.60%+0.053.35%4.10%
Jumbo 30 Year Fixed4.19%4.16%+0.034.10%4.60%
5/1 Yr ARM3.22%3.20%+0.022.98%3.25%
Today's Top Real Estate News Article

All Cash Offers May Be Questionable In Real Estate Transactions


Realty Times

All Cash Offers May Be Questionable In Real Estate Transactions


Question: I often see advertisements offering "all cash for your house or condo." Some of these ads offer to give monthly payments for equity. What type of guarantee is the seller offered so as to insure that he/she gets the full amount. Suppose the company goes bankrupt? How can these companies offer such benefits as "three times your equity"? Your response would be helpful.

Answer: The moral of this column can best be summed up with the old adage "caveat emptor -- let the buyer beware."

As with any transactions among strangers, most are legitimate, but many are fraught with problems, including fraud. You have sent me a newspaper clipping, whereby a promoter offers to buy any house -- often sight unseen -- and pay the seller on a monthly basis any equity that exists in the house.

At first blush, this may be a good deal. You -- as seller -- will be able to sell your house, and take payments on an installment basis.

Furthermore, by selling your house, you will be relieved of any obligations to pay your outstanding mortgage as well as the real estate taxes.

But this is theory; in practice, there can be many problems.

Let us look at some of the possible pitfalls:

1. Buyer goes into bankruptcy. You raise the question of the possible bankruptcy of the purchaser. If the proper protections are taken at the time of settlement, the filing of bankruptcy will create a delay, but should not pose a major problem for you. If you take back a first deed of trust from your buyer for the amount of the equity you are lending, and if this deed of trust (mortgage) is properly recorded in the land records where your property is located, you will be a secured creditor. In the worst case, you will ultimately get the house back.

But, if you already have a first mortgage on the property, and your buyer does not pay that off in full, you will only be able to obtain a second trust from your buyer. In this second-place position, you will be at greater risk. If the buyer does not pay you, I suspect the buyer will also not pay the first trust lender. The first trust lender can foreclose on the property and your second deed of trust may be wiped out.

2. Due on Sale clause. Most mortgages contain what is known as a "due on sale" clause. This means that upon the sale of your property to a third party, your existing lender can call the entire unpaid balance of the mortgage due. While lenders do not often assert these clauses, the possibility remains. This is too great a risk, and I cannot recommend you enter into such a sale without first obtaining your lender's approval of the transaction.

3. Additional encumbrances. Even if you own your home free and clear, there is nothing to stop your buyer from taking out a new mortgage on "your" home after settlement. If that new lender does not receive the monthly payments on time, it can foreclose. This can cause you a lot of aggravation, as well as uncertainly and legal fees.

4. Financial status of your buyer. Before entering into this kind of transaction, you must learn more about your buyer. Are there any tax liens against the buyer that could become a super-priority lien ahead of your deed of trust? Is your buyer judgment-proof -- i.e., you will not receive any money even after you successfully obtain a court judgment.

5. Sales Price. What price are you willing to accept from this buyer? Clearly, that buyer is not a charitable organization; there is a profit motive behind the transaction. Why should this buyer offer you market price for your house, since when the house is ultimately resold, your buyer will not make any profit.

6. Guarantees. You ask what guarantees your buyer can give that you will ultimately receive payment in full. The short answer is none. Unless your buyer pays you all cash, you face a serious risk -- on a monthly basis -- that you may not get paid in full. After all, you are dealing with a stranger -- and one who presumably is in the business of buying and selling houses. If there are any tricks -- and if the buyer is not completely reputable -- they will use every trick in the book to take advantage of you.

My bottom line is to stay away from these types of transactions. While they appear attractive, there are too many pitfalls.

If you are desperate -- and still want to go ahead with such a transaction -- please consult your legal and tax advisors before signing anything.  

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