Tuesday, August 21, 2018

Today's Top  Mansions

Which one is your favorite?  Check out "Today's Top 3 Mansions" everyday at:www.todaysbestmansionsforsale.com

#1    5600 Armour Ranch Road, Santa Ynew, CA 93460 is listed for sale at $12,500,000.

Simple Elegance describes this magical, serene and private 120+/- acre ranch with 3,545 sq.ft. on desirable Armour Ranch Road in the Santa Ynez Valley. Easy access off Highway 154, this beautifully appointed property includes a long gated drive to the Mediterranean style main residence with 2 bedrooms , 3 baths and inviting swimming pool. The ranch includes a 3 bedroom/3 bath guest house , tennis court with ''entertainment barn'', manager's house, barns, paddocks and arenas. This beautifully maintained property is perfect for a secluded retreat with luxury amenities for living and entertainment as well as a working ranch operation with horse facilities and pastures and an abundance of flat land for vineyards.

#2     2581 Lake Avenue, Miami Beach, Florida 33140 is listed for sale at $10,900,000.

Reduced by $3,000,000! Located on one of the most prestigious private Island of Miami Beach, this estate includes 6 bedrooms,  7 baths, and 5,381 sq.ft. with 140 ft waterfront  that can accommodate a large yacht, represents the best deal ever! On the wide part of Sunset Island 2, this waterfront home showcases exquisite living spaces with charming preserving colonial design. Oversize pool and 20,000#  boat lift and 2 jet ski lift on dock

#3    45 East 22nd Street, #52B, New York, NY 10010 is listed for sale at $8,245,000. 

See the source image

This 2 bedroom, 2 bath, 2,175 sq.ft. duplex residence is positioned to capture breathtaking triple exposure views to the North, East and South. Features include double-height ceilings, conveniently located split bedrooms, and beautifully designed white oak with bronze detail stairs. Upon entry, a gracious gallery leads to a generously proportioned Northeast facing living/dining room with double exposures and dramatic double height ceilings. The tower features a 75-foot-wide granite base that fits harmoniously within the tree-lined block and marks a sense of arrival before ascending to eighty-three residences. Floor-to-ceiling windows offer a dramatic cityscape that includes the Empire State Building, Chrysler Building, the clock tower at 1 Madison Avenue, World Trade Center, the Hudson and East Rivers, and Madison Square and Gramercy Parks. The collection of amenities throughout five floors consists of a fitness center with boxing and private training suite, golf simulator, basketball court, childrens playroom, library, billiards, cards room, terrace with outdoor grill, and two gracious entertaining spaces including a fifty-fourth floor lounge. 

The Top Luxury Real Estate Markets with Medium Home Values

"Today's Top 3 Mansions"

#1      The median home value in Santa Ynez 93460 is $848,000. Santa Ynez home values have gone up 3.1% over the past year and it is predicted they will rise 3.5% within the next year.
#2      The median home value in Miami Beach 33140 is $476,400. 33140 home values have declined -4.6% over the past year and it is predicted they will fall -0.3% within the next year.

#3      The median home value in New York 10010 is $1,776,500. 10010 home values have gone up 3.7% over the past year and it is predicted they will rise 0.7% within the next year.

Zip Code     Location                        County                   2017 Medium Sale Price

Today's Mortgage Rates

Mortgage Rates Resisting a Move Lower
Aug 20 2018, 4:59PM

Mortgage rates were almost perfectly unchanged again today, meaning they haven't really changed in more than a week.  All this despite a rather noticeable improvement in underlying bond markets (something that typically goes hand in hand with lower mortgage rates).  Granted, the bonds that underlie mortgage rates didn't do quite as well as US Treasuries, but even then, mortgage rates barely budged. 

Is this some sort of evil conspiracy?  

Probably not...  It probably has more to do with a phenomenon we discuss fairly frequently whereby the improvements in bonds over the course of the day aren't quite enough to get lenders to change their rates in the middle of the day.  The result is that lenders are more likely to offer those improvements tomorrow morning assuming, of course, that bond markets don't make any big moves in the overnight trading hours.  That's not always safe to bank on, but it does give us a slight advantage heading into tomorrow.
52 Week Range          Today  Yesterday            Low/High

30 Yr FRM4.63%4.64%-0.013.84%4.79%
15 Yr FRM4.13%4.14%-0.013.12%4.22%
FHA 30 Year Fixed4.37%4.37%--3.35%4.50%
Jumbo 30 Year Fixed4.36%4.37%-0.014.10%4.81%
5/1 Yr ARM3.98%3.97%+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 furtree@msn.com.  Most importantly have a great day!

Tom Furino