Wednesday, September 5, 2018

Today's Top Mansions

Which one is your  favorite. Check out "Today's Top 3 Mansions" everyday at

#1    28 East 74th Street, New York, NY is listed for sale at $18,500,000.


Surrounded by a high wrought-iron fence, enter this 18.75 foot-wide townhouse with 5 bedrooms, 9 baths and 6,785 sq.ft.through either of the two front doors. The eastern door leads to a large mud room with built-in storage for coats and boots with a large bike room and A/V equipment room beyond and connected passage to the entrance hall. The western door leads to a marble entry hall with a fireplace. A second coat closet and a powder room are positioned opposite a grand curved stair leading up to the parlour level. Entry to the elevator - which services every floor - and a door to the finished basement are also accessed from the front hall. Go down to the chef's kitchen, informal dining space and access to the brilliant south-facing garden. Kitchen features a SubZero side-by-side fridge, two SubZero lateral refrigerators beneath the counter, wine refrigerator, high speed cook oven/microwave, convection oven, Viking hooded range which vents to the outside, two dishwashers, a large sink on the center island and a bar-sink below the custom cherry cabinetry which surrounds the kitchen. There is also a built-in desk wired for phone, fax, and Ethernet. The kitchen adjoins an informal dining area with a built-in banquet, French doors flanked on either side by flower-boxes, a fireplace, and speakers connected to the central A/V system. The sun-flooded south-facing garden is enclosed by a high brick wall surrounded by ivy, wiring for lights, audio, irrigation system, and stone pavers. With an elegantly curved stair leading to a bowed landing gracious enough to accommodate a grand piano, the parlour floor is arranged with formal dining in front and two large entertaining rooms in the rear. This level includes high ceilings as well as three windows in front and back allowing light to travel seamlessly end-to-end. With an onyx powder room as well as a wet bar in the living room and two fireplaces, this becomes the definitive entertaining level. The master bedroom suite includes a large bedroom in the rear overlooking boxed plantings and the garden and a large walk-in closet. An enormous master bath with a sunken Jacuzzi tub and stall shower also includes two sinks and a separate W.C. The master bath leads to a large custom-built dressing room in front, occupying the full width of the house, also accessible through the main hall. Floors four and five each include two bedrooms with en-suite baths and a full laundry room on the fourth floor. The sixth floor is arranged as a private office with a large solarium presently used as a gymnasium. This room includes a fireplace and sits opposite the ipe-wood decked roof garden which offers sweeping city views. The finished basement is a full height floor with a half-bath, wine room, pantry, and vast amounts of storage. Other features include: central air, below-window radiator heating, humidification system, radiant heat in all five (5) full baths, central vacuum system, six (6) fireplaces that can be used either to burn gas or wood, an elevator that services every level, Lutron lighting, CAT5 wiring, a cedar closet, and expertly sourced finishes in every room.

#2   433 Paseo De La Playa, Redondo Beach, CA 90277 is listed for sale at $14,900,000

Private gated estate with 7 bedrooms, 7 baths and 7,792 sq.ft. is located on the bluff overlooking the Pacific Ocean and entire coastline of the Santa Monica Bay to the North and Palos Verdes Estates to the South. A rare opportunity to own one of very few homes with private beach access. This property has a lagoon style pool, spa and basketball court on a 26,743 sq ft lot. 4 car garage and enough room to park 8 cars in the private driveway. There are 7 bedrooms, game room , theatre, sauna and a pool table room. A gorgeous chefs kitchen and dining room which also overlooks the coastline and Pacific Ocean. These type of properties are rarely offered for sale. Don't miss this chance to own your dream home right on the ocean bluff above Redondo Beach.

#3   10 Shoreline, Mercer Island, WA 98040 is listed for sale at $12,980,000. 

Architecturally iconic waterfront estate on the North End with 7 bedrooms, 10 baths and 9,615 sq.ft.. Walls of windows frame views of the lake creating a backdrop for modern luxury. Formal & casual entertaining spaces abound. Upper level hosts a fabulous view master suite, add'l bedroom suites & office. Endless entertaining on the lower level w/private wine tasting room & gym. Enjoy dinner with friends poolside. Hop in the boat from your private dock or unwind by the firepit on the beach. Magical. Extraordinary. Remarkable in every way.

"Today's Top 3 Mansions Medium Home Value 

#1  New York, NY 10021

The median home value in 10021 is $1,633,900. 10021 home values have declined -3.4% over the past year and Zillow predicts they will rise 4.9% within the next year

#2   Redondo Beach, CA 90277

The median home value in 90027 is $1,532,500. 90027 home values have gone up 9.8% over the past year and Zillow predicts they will rise 2.1% within the next year

#3  Mercer Island, WA 98040

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 Snap Back to Recent Highs

Sep 4 2018, 3:54PM

Mortgage rates moved higher today, reversing the improvement seen last Friday.  The average lender is now back in line with their highest levels of the past few weeks, although that statement requires some qualification.  During that time, mortgage rates have been in such a narrow range that we can only measure day-to-day changes in terms of upfront closing costs/credits.  Actual interest rates haven't moved, but "effective rates" are back at recent highs.  The net effect is that it would require several hundred additional dollars for every $100k financed in upfront costs to get the same interest rate.
Part of the problem today--depending on your point of view--was exceptionally strongeconomic data.  While it's good news for the economy, such data is generally bad for rates and today was no exception.  A key manufacturing report hit its best levels in more than 14 years this morning, putting additional upward pressure on rates.  The rest of the week has several other important economic reports.  If they sing the same tune, rates could easily continue higher.  
52 Week Range          Today   Yesterday           Low/High .

30 Yr FRM4.67%4.65%+0.023.84%4.79%
15 Yr FRM4.17%4.15%+0.023.12%4.22%
FHA 30 Year Fixed4.38%4.37%+0.013.35%4.50%
Jumbo 30 Year Fixed4.34%4.33%+0.014.10%4.81%
5/1 Yr ARM3.99%3.98%+0.013.10%4.02%
Looking for more information?  Have a comment regarding any of my choices for Today's Top 3 Mansions?  Please email me at  Most importantly have a great day!

Tom Furino