Sela Ward’s California Home on Market for Almost $40 Million

Filed under: , ,

Courtesy of Hilton & Hyland via ZillowOne of the 13 baths on the property has soaring glass windows and doors that open to a furnished outdoor patio.

By Melissa Allison

Just two years out of “CSI: NY,” Sela Ward has a hankering to live in the Big Apple — and that means putting her 14,000-square-foot gated estate in the swanky Bel-Air neighborhood of Los Angeles on the market. For $39.995 million.

2014 NYFF -
Evan Agostini/Invision/APSela Ward

Ward, who recently landed the role of the U.S. president in next year’s “Independence Day: Resurgence,” bought the sprawling mansion on eight acres in 2003 with her husband, Howard Sherman, so their children could spend more time in nature, she told the Wall Street Journal.

The couple revamped the seven-bedroom, 13-bath estate and intended to flip it, until Ward “greeted me at the door one day and said, ‘Let’s live here!'” Sherman told Traditional Home.

Gracious Southern and French style mix in the five-bedroom main home, where century-old heart pine floors complement reclaimed wood beams from Louisiana and Ward’s native Mississippi, plus antique doors and limestone counters from France.

The home includes a 30-seat theater, a library enveloped in cypress wood, and a small greenhouse off the indoor kitchen that Ward calls “l’orangerie.”

A wall of doors in the living room opens onto a terrace that overlooks a stream lined with rose bushes and Mexican lime trees.

The property encompasses an art studio and guesthouse as well as a vineyard, a covered footbridge and a 100-seat amphitheater.

Residents and guests have two choices for swimming: an infinity pool and a man-made pond with a sandy beach lit by tiki torches.

Listing agents are Branden Williams and Rayni Romito of Williams & Williams at Hilton & Hyland, an affiliate of Christie’s International Real Estate, and Jade Mills of Coldwell Banker Previews International.

 

Permalink | Email this | Comments

Fed’s Decision to Delay Rate Hike Keeps Mortgage Rates Low

Filed under: , ,

ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

By Lauren Braun

Mortgage rates for 30-year fixed loans fell this week, with the rate borrowers were quoted on Zillow Mortgages at 3.73 percent Tuesday, down two basis points from last week.

The 30-year fixed mortgage rate fell to 3.67 percent on Friday before rising to Tuesday’s rate.

“Mortgage rates fell last week to their lowest levels since early May after the Fed deferred its first rate hike yet again,” said Erin Lantz, vice president of mortgages at Zillow. “We expect rates to be mostly stable this week now that the uncertainty about the Fed’s decision has subsided.”

Additionally, the 15-year fixed mortgage rate was 2.89 percent. For 5/1 adjustable rate mortgages, the rate was 2.71 percent.

Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

 

Permalink | Email this | Comments

10 States Where Foreclosed Homes Still Abound

Filed under: , ,

a key laying next to a house...
Constantine Pankin/Shutterstock

By Christine DiGangi

For the first time in several months, Florida does not have the nation’s highest foreclosure rate. It’s not even No. 2. It’s fourth. Until last month, Florida had one of the top-three foreclosure rates since June 2012.

That’s largely because the share of Florida homes in some state of foreclosure was down last month nearly 33% from August 2014, according to the monthly report on the U.S. residential foreclosure market from housing data company RealtyTrac. Nationwide, the share of homes with a foreclosure filing (default notices, scheduled auctions and bank repossessions) declined about 6% in August from the same time last year, but the number of homes entering the foreclosure process for the first time is at its lowest point since November 2005. One in every 1,205 U.S. housing units had a foreclosure filing in August.

In most states, the number of homes repossessed by banks has continued to increase for several months, which means there will be a larger pool of available properties in these markets in the coming months.

“This influx of bank-owned inventory may be good news for an inventory-challenged housing market, but buyers and investors interested in purchasing these bank-owned homes should understand they tend to be lower-value properties in areas where house values have not recovered as quickly and are more likely to have deferred maintenance issues that will need to be addressed,” said Daren Blomquist, vice president at RealtyTrac, in a news release about the data.

Nationwide, such distressed properties are priced 33% below average market value, which could open up affordable options for aspiring homeowners. No matter the history of the home you might buy, affordability is largely dictated by your financial and credit situation, which is why it’s so important to check your credit before you buy a home. (You can get a free credit report snapshot every month from Credit.com.)

Here are some states where foreclosed homes and, often, bank-owned homes are most common.

10. Ohio

August foreclosure rate: 1 in every 1,037

Change from July: down 10%

Change from 2014: down 19%

Annual change in bank-owned homes (REOs): up 35%

9. Indiana

August foreclosure rate: 1 in every 1,035

Change from July: down 6%

Change from 2014: down 14%

Annual change in REOs: up 53%

8. New Mexico

August foreclosure rate: 1 in every 1,005

Change from July: down 26%

Change from 2014: up 87%

Annual change in REOs: down 5%

7. North Carolina

August foreclosure rate: 1 in every 970

Change from July: none

Change from 2014: up 1%

Annual change in REOs: up 130%

6. Illinois

August foreclosure rate: 1 in every 921

Change from July: down 21%

Change from 2014: down 9%

Annual change in REOs: down 22%

5. South Carolina

August foreclosure rate: 1 in every 863

Change from July: up 7%

Change from 2014: up 11%

Annual change in REOs: up 5%

4. Florida

August foreclosure rate: 1 in every 596

Change from July: down 32%

Change from 2014: down 33%

Annual change in REOs: up 23%

3. New Jersey

August foreclosure rate: 1 in every 539

Change from July: down 4%

Change from 2014: up 3%

Annual change in REOs: up 295%

2. Maryland

August foreclosure rate: 1 in every 534

Change from July: down 4%

Change from 2014: none

Annual change in REOs: up 430%

1. Nevada

August foreclosure rate: 1 in every 507

Change from July: up 16%

Change from 2014: up 4%

Annual change in REOs: up 232%

 

Permalink | Email this | Comments

The Most Expensive Homes in the West

Filed under: , ,

ZillowThis property in the coastal California town of Laguna Beach is on the market for $75 million.

Can you tell the difference between a $72 million mansion and a $149 million estate in Beverly Hills? When you get into the eight-figure and nine-figure price range, it’s the little things like 70-year-old imported olive trees and parking for 66 cars that set listings apart.

See for yourself with a look at the West’s most expensive homes on Zillow. While you won’t find pocket listings, working ranches or empty lots on this list, you will find 13 publicly listed estates ripe for perusing.

$149 million

9505 Lania Lane, Beverly Hills, California

9505 Lania Ln, Beverly Hills - credit Marc Angeles
Marc Angeles via Zillow

When Palazzo di Amore hit the market last November, it claimed the title of America’s most expensive listing. (It has been reduced from $195 million.) At the time, owner Jeff Greene said, “this property is an incomparable crown jewel without an equal.” With a Turkish-style spa, 70-year-old imported olive trees and massive wine cellar, it’s easy to see why. The home is listed with Joyce Rey and Stacy Gottula of Coldwell Banker Previews International.

See more Los Angeles homes for sale.

$125 million

2500 E Valley Road, Santa Barbara, California

2500 E Valley Rd, Santa Barbara
Zillow

Rancho San Carlos has been owned by the same family for nearly a century, so the fact that it’s up for sale is a big deal. The property includes a main residence with more than 30 rooms, extensive equestrian facilities and 10 additional guest cottages. Harry Kolb of Sotheby’s International Realty holds the listing.

See more Montecito homes for sale.

$98 million

1949 Glenbrook Road, Glenbrook, Nevada

1949 Glenbrook Rd, Glenbrook
Zillow

No cattle here, but Shakespeare Ranch is big enough to house your extended family and all your friends. The 133-acre lakefront property has a total of 30 cabins and outbuildings with clever Shakespearean names like “To Be,” “Or Not to Be” and “Twelfth Night.” Lexi Cerretti and Claudia Thompson of Sierra Sotheby’s International Realty held the listing for the property, which is now off the market.

See more Glenbrook listings.

$75 million

4100 Calle Isabella, San Clemente, California

4100 Calle Isabella, San Clemente
Zillow

When Richard Nixon bought this home in 1969, it became known as “The Western White House.” The president hosted 17 heads of state and wrote memoirs at the oceanfront property, which is located on one of Southern California’s most scenic sections of coastal residential real estate. Rob Giem of Sotheby’s International Realty is the listing agent.

See more homes listed in San Clemente.

$75 million

1101 Marine Drive, Laguna Beach, California

1101 Marine Dr, Lagula Beach
Zillow

Also listed by Rob Giem, Twin Points consists of two peninsulas where you can watch the waves crash between Laguna Beach’s Crescent Bay and Shaws Cove. The property has been in the same family since 1930 but was rebuilt in the late ’60s and has been added to over the years, The Wall Street Journal reports.

See more Laguna Beach listings.

$72 million

901 N. Alpine Drive, Beverly Hills, California

901 N Alpine Dr, Beverly Hills
Zillow

Spanning more than 1.5 acres on one of the most coveted streets in Beverly Hills, this property was designed for some serious entertaining. The home, which could pass as a life-size Barbie dream house, has everything from a dance floor and cocktail bar to parking for 66 cars, Forbes reports. Jade Mills of Coldwell Banker Previews holds the listing.

See more homes listed in Beverly Hills.

$65 million

312 N. Faring Road, Los Angeles

312 N Faring Rd, Los Angeles
Zillow

Dating to 1938, this Georgian traditional was completely renovated over more than five years. In addition to the main residence, the Holmby Hills estate includes a guesthouse, pool, private guest suite, lighted tennis court and nearly two acres of rolling lawns and gardens. The home is listed with Loren Judd of Coldwell Banker.

See more Beverly Glen homes for sale.

$60 million

2585 Riviera Drive, Laguna Beach, California

2585 Riviera Dr, Laguna Beach
Zillow

No detail has been overlooked in this Laguna Beach gem, which was completed in 2010. The interior boasts ocean-facing loggias, terrazzo floors inspired by the Getty Villa museum, fountains imported from Europe, century-old olive trees and more. Rod Daley of Coldwell Banker holds the listing.

See more Laguna Beach listings.

$60 million

1000 & 1220 Watson Divide Road, Snowmass, Colorado

1000 and 1220 Watson Divide Rd, Snowmass
Douglas Elliman via Zillow

With an 18,000-square-foot home on 876 acres in the Rocky Mountains, Four Peaks Ranch is as big as it looks. Outside, the property boasts 15 miles of trails, a private beach, three ponds, two fireplaces, four fire pits, two full kitchens and a brick pizza oven. Inside, the house has seven bedrooms, 11 baths, open living spaces and a glass elevator. Joshua Saslove of Douglas Elliman Real Estate is the listing agent.

See more Snowmass Village listings.

$59.356 million

4500 Preston Road, Dallas

4500 Preston Rd, Dallas
Zillow

This early 20th-century craftsman has had only three owners. The estate, boasting beautiful period details, spans 6.14 acres in Highland Park. Allie Beth Allman of Allie Beth Allman & Associates holds the listing.

See more Highland Park listings.

$53 million

1 Buggy Whip Drive, Rolling Hills, California

1 Buggy Whip Dr, Rolling Hills
Zillow

Rolling Hills reportedly has a rule that homes in the prestigious community only span one floor, but this is no single-story rambler. Built five floors down, the 5,000-square-foot mansion has everything from a Moroccan-style bath to a full-size tennis court underground. The unique property is listed with Marcie Hartley of Hilton & Hyland.

See more Rolling Hills homes for sale.

$53 million

41800 Pacific Coast Highway, Malibu, California

41800 Pacific Coast Hwy, Malibu
Zillow

Located on a prime piece of Malibu oceanfront, this home was designed by famed architect Ed Niles. The modern design was inspired by a translucent shoji door, and several feng shui elements line the property. It’s also very high-tech with a music room, soundproof home theater, elevator and 19-server hosting capability. The Agency‘s Ari Afshar is the listing agent.

See more Malibu homes on the market.

$51 million

2431 Riviera Drive, Laguna Beach, California

2431 Riviera Dr, Laguna Beach
Zillow

Located on Laguna Beach’s private Irvine Cove, this Mediterranean Revival boasts 180 feet of beachfront, as well as sun-soaked terraces and mature gardens. With nearly 10,000 square feet of interior space, the great room alone is 1,000 square feet with three vantage points for taking in the view. The home is being marketed by Sotheby’s Rob Giem, who holds two other listings on this list.

See more Laguna Beach homes for sale.

 

Read | Permalink | Email this | Comments

Mortgage Rates Rise From Recent Lows, Hitting 3.75%

Filed under: , ,

ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

By Lauren Braun

Mortgage rates for 30-year fixed loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.75 percent, up 8 basis points from last week.

The 30-year fixed mortgage rate rose throughout the week before settling at the quoted rate Tuesday.

“Mortgage rates avoided the erratic movement of the stock market and rose steadily last week on improving domestic economic data,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect rates to be volatile as markets look for further improvements in the economy’s health — especially Friday’s jobs report — that will influence the Fed’s decision to raise rates later in the year.”

Additionally, the 15-year fixed mortgage rate was 2.92 percent. For 5/1 ARMs, the rate was 2.73 percent.

Check Zillow Mortgages for rate trends and up-to-the-minute rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

 

Permalink | Email this | Comments

A Decade After Katrina: View 10 Homes Built Since the Storm

Filed under:

ZillowThis 2,800-square-foot West End home built in 2009 is on the market in New Orleans for $475,000.

By Melissa Allison

It was a decade ago this week that the levees failed in New Orleans, and Hurricane Katrina became one of the deadliest storms in U.S. history.

The beloved city struggled mightily in the aftermath, battling flooding, bureaucracy, and mangled and rotting houses.

Ten years on, there are signs of hope and renewal, including homes on the market that were built after the cataclysm.

West End

6032 Pontchartrain Boulevard, New Orleans
For sale: $475,000

Zillow

A new construction home with a flair for history, this listing features a large front porch, hardwood floors and a Jacuzzi tub.

See more listings in New Orleans’ West End.

Touro

3727 Constance St., New Orleans
For sale: $675,000

Zillow

A newly built home just one block from Magazine Street, this home features a master suite with a soaking tub, extra-large shower and a walk-in closet. The floors are made from reclaimed heart of pine.

See more homes for sale in Touro.

Lakeview

6480 Louisville St., New Orleans
For sale: $499,000

Zillow

High ceilings, a covered back porch and an enormous walk-in closet make this 2011 home special. The attic was designed to allow space for two more bedrooms and a bath.

Check out more homes on the market in Lakeview.

Central City

2045 Chippewa St., New Orleans
For sale: $325,000

Zillow

This newly built home features hardwood floors, high ceilings and spacious closets.

Check out more homes on the market in Central City.

Holly Grove

8725 Belfast St., New Orleans
For sale: $179,000

Zillow

This four-bedroom, two-bath home offers an open floor plan and a laundry/mud room that leads to a large raised deck.

Check out more homes on the market in Holly Grove.

Lower Ninth Ward

5201 N Galvez St., New Orleans
For sale: $127,500

Zillow

The hard-hit Ninth Ward is rebuilding, too, with homes like this one, which is being marketed as great for tenants or owner occupancy.

See more homes for sale in the Lower Ninth Ward.

Milneburg

2726 Athis St., New Orleans
For sale: $124,900

Zillow

Built in 2007 on a deep lot, this raised home features wooden floors in the living room and carpet in the four bedrooms. Its location provides easy access to universities and highways.

View more listings in Milneburg.

West End

6601 Fleur De Lis Drive, New Orleans
For sale: $410,000

Zillow

This newly constructed home boasts a breakfast room with bay windows, covered front and back porches and a large master suite with bay windows, wood floors and two closets.

See more homes for sale in the West End.

Navarre

882 Homedale St., New Orleans
For sale: $539,000

Zillow

Built two years ago with lots of character touches, this home includes reclaimed heart-of-pine flooring, one-foot baseboards, encased frame windows and a master bedroom that accesses a private balcony.

View more homes on the market in Navarre.

Lakeview

5934 Vicksburg St., New Orleans
For sale: $580,000

Zillow

Luxury touches abound in this 2,529-square-foot home, including high ceilings, hardwood floors, crown molding and clawfoot bathtubs. There are three fireplaces, a walk-in master closet and a courtyard with a gas fire pit.

Check out what else is for sale in Lakeview.

 

Permalink | Email this | Comments

Which States Have the Oldest Homes? You Might Be Surprised

Filed under: , ,

ZillowThis 1954 California home designed by architect Cliff May has been updated in a retro style.

By Catherine Sherman

Zillow looked at single-family houses built from 1900 to 2014 to see which decades are most represented by the current housing stock. Turns out, many homes in the Northeastern states were built in the ’80s. But in California, the ’50s remain the dominant decade for homes still standing.

Washington, the nation’s capital, is holding strong as the area with the oldest decade — the 1920s — most represented today.

  • 1920-1929: District of Columbia
  • 1950-1959: California, Connecticut, Illinois, Kansas, Michigan, Missouri, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Wisconsin
  • 1970-1979: Hawaii, Mississippi, Nebraska, North Dakota, Oklahoma, Oregon, West Virginia, Wyoming
  • 1980-1989: Alaska, Louisiana, Maine, Maryland, Massachusetts, New Hampshire, Vermont, Virginia
  • 1990-1999: Delaware, Indiana
  • 2000-2010: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Iowa, Kentucky, Minnesota, Montana, Nevada, New Mexico, North Carolina, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington
Knowing when the largest share of homes was built isn’t just a fun piece of trivia. It also provides a window into the character of real estate in your state. Check out some of the most popular styles through the decades.

Zillow

 

Permalink | Email this | Comments

Location, Location, Appreciation: Where Home Buyers Thrived

Filed under: , ,

Grey small house with porch and white railings with summer landscape.
Artazum/Shutterstock

By Lauren Thompson

When it comes to purchasing a home, timing is everything. Some recent buyers got extraordinarily lucky, and the right time for them to become homeowners coincided with the lowest point in the market since the housing crash.

Zillow analyzed cities with populations over 50,000 and found the luckiest home buyers in America — those who bought in the right place at the right time and have now seen the highest appreciation growth on their homes. (The analysis tracked home purchases beginning in January 2006).

Here are where the luckiest home buyers in America live and when they purchased their homes:

Courtesy of: Zillow

 

Permalink | Email this | Comments

Mortgage Rates Plunge to 3.75%, Lowest Level Since May

Filed under: , ,

ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

By Lauren Braun

Mortgage rates for 30-year fixed loans fell this week, with the rate borrowers were quoted on Zillow Mortgages at 3.75 percent, down 8 basis points from the same time last week.

The 30-year fixed mortgage rate dropped Friday, then hovered around the current rate for the rest of the week.

“Mortgage rates plummeted last Friday to their lowest level since May after U.S. data showed very weak wage growth in [the second quarter],” said Erin Lantz, vice president of mortgages at Zillow. “Looking ahead, since wage growth will be an important consideration in future interest rate hikes, markets will look to this Friday’s jobs report for hints about wage trends.”

Additionally, the 15-year fixed mortgage rate was 2.92 percent. For 5/1 ARMs, the rate was 2.72 percent.

Check Zillow Mortgages for rate trends and up-to-the-minute rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

 

Permalink | Email this | Comments

Mortgage Rates Fall to Lowest Level Since Early June

Filed under: , ,

ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

By Lauren Braun

Mortgage rates for 30-year fixed loans fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.83 percent, down 8 basis points from the same time last week.

The 30-year fixed mortgage rate moved lower throughout the week before settling at that rate Tuesday.

“Mortgage rates fell last week to their lowest level since early June,” said Erin Lantz, vice president of mortgages at Zillow. “There is potential for increased rate volatility this week as markets look to Wednesday’s Federal Open Market Committee statement and Thursday’s GDP report. Rates could move back up if the data are stronger than expected.”

Additionally, the 15-year fixed mortgage rate was 2.97 percent. For 5/1 ARMs, the rate was 2.84 percent.

Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

 

Permalink | Email this | Comments