Thursday, September 27, 2018

Today's Best Mansions

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

#1    720 North Alta Drive, Beverly Hills, CA 90210 is listed for sale at $29,999,000.

Majestic Georgian Traditional with 7 bedrooms, 14 baths and 18,087 sq.ft. is designed for life lived large. On two-thirds of an acre with seven bedrooms and fourteen baths, this residence boasts a collection of expansive rooms ideal for grand scale entertaining. On the main level, sweeping formal and informal living rooms, a large formal dining room and a vast kitchen with terrace-side breakfast room. A huge lower level is home to a roomy theater, wine cellar and tasting room, game room, and gym. A glorious broad terrace overlooks the lawn and the fountain-splashed swimmer's pool and spa. High-end amenities include five fireplaces, a sauna, an elevator, a smart home technology system, and a 5+ car garage. This is best of the Flats.

#2     232 Parsonage Lane, Sagaponack, NY 11962 is listed for sale at $29,900,000.

This 12 bedroom, 15 bath, 9,353  mansion is constructed by the highest standards by master builder Michael Davis, interiors by Alexa Hampton.The elegant driveway gives to a gated compound comprised of Main house, Pool house, Carriage house and restored 250+ year old authentic Barn, offering unparalleled views over 7.5 acres with total privacy of a Mark Rothko like setting. The main house greets you with a double height foyer leading to multiple entertaining rooms, library with fireplace, formal living room with fireplace, formal dining room, powder room and spectacular chef's eat-in kitchen with top of the line appliances, adjacent to a cozy living room with fireplace and on opposite end informal dining. An en-suite bedroom and an office complete the first floor.An elevator, as well as front or rear staircase take you to the 2nd floor leading to the most elegant master suite with balcony overlooking the gorgeous backyard. In addition there are 3 en-suite bedrooms, an office, all with radiant heated floors plus much more.The lower level consists of media room, wine cellar, powder room, movie theatre, gym, diner room, sauna, steam shower, bedroom with 3 bunk beds plus an additional bedroom with bathroom.Pool house with sitting room, fireplace, kitchenette, 2 en-suite bedrooms.Carriage house with 3-car garage, sitting room, kitchenette, living room, fireplace and 2 bedrooms.The property features Deco Turf Tennis Court, 20' x 60' gunite pool (automatic cover), outdoor fireplace, outdoor shower, 2 steel framed pergolas, built-in Pykel grill and generator.First time offering.Truly the best of the best.

#3   1724 Via Coronel, Palos Verdes Estate, CA 90274 is listed for sale at $11,900,000.

Crowning a hilltop in Palos Verdes, this enchanting estate with 6 bedrooms, 7 baths and 10,642 sq.ft.soaks in sea air and unobstructed panoramic ocean views. Czechoslovakian wrought iron doors welcome visitors to the many artistic surprises just inside this home. Custom designed by architect Ardeshir Bahar, the timeless style captures the essence of European design. The draping gardens, and lush trees, highlight the elegantly cut stone exterior. Beautifully shaped pavers patterned in the circular drive, and singing fountains, further invite one to experience this seaside estate. The main floor has a palatial quality with it's impressive rotunda entry flanked by cloisters and colonnade-style hallways. Countless glass French doors support an indoor-outdoor lifestyle. Built for the entertainer, the main floor hosts a formal living room with a drawing room ambiance. The space boasts intricately patterned hardwood floors, a 17th century hand-carved stone wood burning fireplace and cleverly connects to a regal study, or a room that, as if plucked from another era, would be ideal for a gentleman's nightcap, and cigar, over a game of cards. With seating for 24 guests, the dining room offers artistic inspiration via a mural painted by the late fashion designer Gianni Versace's personal artist. Before a dinner party, guests are sure to delight in aperitifs from the gorgeous wet-bar trimmed in veneer panels of hammered gold, reminiscent of a Parisian brasserie. Built to transcend time, this masterpiece is an absolute classic.

Today's Top Three Mansions Medium Home Value 

#1        720 North Alta Drive, Beverly Hills, CA 90210 is listed for sale at $29,999,000.

The median home value in 90210 is $4,917,900. 90210 home values have gone up 6.1% over the past year and it is predicted they will rise 3.6% within the next year.

#2        232 Parsonage Lane, Sagaponack, NY 11962 is listed for sale at $29,900,000.

The median home value in Bridgehampton/Sagaponack, NY is $2,662,400. The home values have gone up 13.4% over the past year and it is predicted they will fall -1.7% within the next year.

#3        1724 Via Coronel, Palos Verdes Estate, CA 90274 is listed for sale at $11,900,000 

The median home value in 90274 is $1,773,500. 90274 home values have declined -0.0% over the past year and it is predicted they will rise 4.0% 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 Improve After Fed Announcement
Sep 26 2018, 4:18PM

Mortgage rates improved in a somewhat noticeable way for the first time in weeks following today's policy announcement from the Fed.  Actually, to be fair and accurate, rates didn't improve until Fed Chair Powell answered a question about inflation during his press conference, saying the Fed doesn't see inflation "surprising to the upside."  That's a fancy way of saying they don't expect inflation to rise any faster than forecasts suggest.

Inflation is critical to the Fed's decision-making process--especially because we're currently at an important crossroads.  For the first time since before the financial crisis, core inflation stands a chance to make a sustained move up and over the 2% barrier.  2% is generally the line in the sand, above which the Fed is more apt to think about tightening monetary policy (i.e. doing things that push interest rates higher).  This time around, they began tightening well in advance of 2% inflation because they were highly confident in the inflation outlook (and they were right).

If the Fed doesn't see inflation running hotter than expected, and if today's interest rates do what they can to price-in future expectations, the only risk remaining is that inflation progresses slower than expected.  That would be good for rates and that's essentially why rates recaptured some recently-lost territory today.

52 Week Range          Today   Yesterday           Low/High 

30 Yr FRM4.83%4.87%-0.043.93%4.87%
15 Yr FRM4.29%4.32%-0.033.23%4.32%
FHA 30 Year Fixed4.44%4.49%-0.053.50%4.50%
Jumbo 30 Year Fixed4.38%4.40%-0.024.12%4.81%
5/1 Yr ARM3.99%4.02%-0.033.15%4.12%