Tuesday, September 18, 2018

Today's Best Mansions

Which one is your favorite?   Check out "Today's Top Three Mansions" everyday at: todaysbestmansionsforsale.com

#1   34 East 62nd Street, New York, NY 10065 is listed for sale at $27,900,000.

In recent Manhattan history, it is rare for a Townhouse to be completely newly built from the ground up in the coveted, Upper East Side Historic District. 34 East 62nd Street, a totally new 20-foot wide, 5 bedrooms, 6 baths, 9,200 sq.ft, 5-story home revels in this distinction. HS Jessup Architects designed this majestically sleek and modern Beaux Arts inspired Mansion between Madison and Park Avenues. The facade beckons back to the turn of the last century with its sumptuous facade, clad in French Limestone. The beauty of this sun-filled home with South, North and West exposures, is accentuated by oversized bowed windows in a sleek modern frame and crowned with a dramatic slate Mansard roof. The entry is framed by beautifully rusticated limestone. The Entry Hall opens to a gracious Gallery showcasing a handsome staircase accented by an architectural West facing window. The oversized Kitchen/Media Room with a fireplace, looks out onto a grand, south facing, Garden. A gracious second floor landing introduces the Entertaining Floor which leads to a spectacular Formal Dining Room, Butlers Pantry and stately, grand Living Room with dramatic ceiling heights of 11 6. The 3rd and 4th floors contain four Bedroom with 106 ceiling heights and 4 en-suite Bathrooms, plus a full-sized Laundry Room. The Grand Master 5th floor Bedroom Suite has soaring ceiling heights, an oversized Bedroom, a gallery Dressing Room and 2 luxurious Bathrooms en-suite. A full height cellar with a separate staff entrance, abundant storage and flexibility for a wine cellar, fitness center, a home theater and more. An elevator services the Lower Level to the approx 1,400 s.f. Roof Deck with spectacular views of Manhattans skyline.34 East 62nd Street features world class construction, technology and new mechanicals. In all - the finest modern conveniences while offering grand architectural details. This newly built home is delivered in designer ready condition for personal customization.

Property photo for 34 East 62nd Street, New York, NY 10065

#2    2733 Sycamore Canyon Road, Santa Barbara, CA 93108 is listed for sale at $12,000,000.

This majestic Montecito estate with 5 bedrooms, 6 baths and 9,430 sq.ft. offers unparalleled privacy and is only moments from the shops and restaurants of the upper and lower villages. Grand entry gates and a meandering palm lined drive lead to a gracious motor court boasting monumental mountain views on nearly three manicured acres.Stunning old world influences combine with world class amenities. This Mediterranean masterpiece presents a breathtaking faade and incorporates Moroccan-style arches and southern Spanish architectural inspiration.The grand, two-story foyer welcomes you with a sweeping staircase and limestone floors. The downstairs living space includes a formal dining room, wood paneled library and an elegant living room with hardwood floors, intricate woodwork and a magnificent fireplace. All with serene mountain and garden views. The chefs kitchen comes complete with state-of-the-art appliances, a large center island and opens to a cozy family room with a fireplace and French doors to the gardens. Nearby is the breakfast room surrounded with grand windows and a private guest suite with a walk-in closet, spacious bathroom and an outdoor patio.The upper gallery opens to a sweeping master suite with his and hers bathrooms and closets. Enormous in scale and bathed in natural light, the master bedroom with its Venetian, baroque plaster designs evoke an ethereal beauty. Abundant windows frame the striking vistas. There are two additional bedroom suites each with their own bathroom and private terrace.Perfect for outdoor entertaining, the magnificent upper terrace with a large stone fireplace offers a dramatic panorama of lush landscaping, the pool area and spectacular views. The lower terrace is an extraordinary covered dining space also with a fireplace and cooking space; the perfect shady place to lounge just steps from the expansive swimmers pool. The charming one bedroom guest house offers an airy retreat.Perfect for relaxed living and large-scale entertaining.

#3     4425 Forest Avenue SE, Mercer Island, WA 98040 is listed for sale at $10,500,000.

Timeless modern westside waterfront. Vassos Demetrious fetterless architectural statement, masterfully crafted by Paulsen. 20 years mint. With 5 bedrooms, 8 baths and 9,790 sq.ft.  this estate features  dramatic glass walls frame the triplicate of Seward Park, Olympic Mountains and Seattle skyline views, as only Forest Ave can. Main floor master. Separate ADU. Gated. Privacy rarely found in waterfront, courtesy of the 178 shoreline. Large yacht dock. Garages for 6. For life's enthusiasts!

Today's Top 3 Mansions Medium Home Value 

#1      34 East 62nd Street, New York, NY 10065 is listed for sale at $27,900,000

The median home value in 10065 is $1,656,300. 10065 home values have gone up 0.9% over the past year and Zillow predicts they will rise 4.1% within the next year.

#2      2733 Sycamore Canyon Road, Santa Barbara, CA 93108 is listed for sale at          $12,000,000.

The median home value in 93108 is $3,042,500. 93108 home values have gone up 4.0% over the past year and Zillow predicts they will fall -0.1% within the next year.

#3      4425 Forest Avenue SE, Mercer Island, WA 98040 is listed for sale at $10,500,000. 

The median home value in 98040 is $1,561,800. 98040 home values have gone up 9.3% over the past year and Zillow predicts they will rise 4.9% within the next year.

The 100 Top Luxury Real Estate Markets Medium Home Values for 2017 compared to 2018 YTD

Zip Code     Location                           2017/2018 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates Match 7-Year Highs
Sep 17 2018, 4:39PM

Mortgage rates may have had a fairly bad day last Friday, but today was worse.  Today officially saw the average lender back at rates not seen since May 17th, 2018.  That date might not seem too far away, but at the time, it marked the highest rates since late April of 2011.  In other words, today's rates matched 7-year highs.

If there's a saving grace, it's the fact that underlying bond markets were able to improve throughout the day without most mortgage lenders adjusting rate sheets accordingly.  In other words, if bonds are in the same territory by tomorrow morning, the average lender would be offering slightly lower rates. 

The other potential saving grace is that rates have had a bad enough moving streak that they're increasingly likely to catch a break simply due to the normal cadence of bond market momentum.  That's another way of saying that things have been bad enough for long enough that we're due for at least a shallow rebound.  How shallow?  Frankly, it could be so shallow that the average mortgage-seeker might not notice much of a difference in loan quotes.  We may be waiting for next week's Fed announcement before seeing the next big move.

52 Week Range          Today   Yesterday           Low/High 

30 Yr FRM4.78%4.74%+0.043.93%4.79%
15 Yr FRM4.25%4.22%+0.033.23%4.25%
FHA 30 Year Fixed4.46%4.42%+0.043.50%4.50%
Jumbo 30 Year Fixed4.38%4.37%+0.014.12%4.81%
5/1 Yr ARM4.05%4.02%+0.033.15%4.05%