Market Rates Unlikely to Move Due to Europe, Inflation
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow at 3.79 percent, down 4 basis points from last week.
The 30-year fixed mortgage rate fell Friday, then hovered around 3.80 percent before dipping to the current rate on Tuesday.
“Last week, mortgage rates remained flat until weak U.S. economic data and stronger than expected oil supplies caused a drop at the week’s end,” said Erin Lantz, vice president of mortgages at Zillow. “Rates are unlikely to move much higher this week, as markets make sense of the political situation in Europe and look to U.S. inflation and output data, as well as the release of minutes from the Federal Open Market Committee’s October meeting and commentary from several committee voters.”
Additionally, the 15-year fixed mortgage rate was 2.95 percent, and for 5/1 ARMs, the rate was 3.00 percent.
Celebrity Real Estate: Neil Young, Diane Keaton, Tim Allen
By Laura Vecsey
No More Rocking On the Big Island
Rocker Neil Young has sold his old-school Hawaii home for $20 million. The sale came quickly after the 69-year-old legend listed the oceanfront oasis this past summer for $24.5 million. The Big Island property featured a 5-bedroom main house, two guest cottages, two greenhouses and a pool house.
The sale is one of several big changes in Young’s life following the divorce of his long-time wife, Pegi.
Diane Keaton Ready for a New Project
Ever-popular and always artistically-engaged Diane Keaton has listed her Pacific Palisades house. She bought the property in 2012 for $5.6 million and now the actress, author, photographer, interior designer and architect buff is seeking $6.995 million for the 7,800-square-foot traditional-style abode.
With a string of historic and interesting property makeovers under her belt, including a Bel-Air Spanish Colonial that earned her center stage in “Architectural Digest,” this was a rather pedestrian purchase by the decorated Hollywood star. But with two teenage kids maybe she needed a more “normal” place to carry out the daily routine. But, now this serial flipper is moving on.
Mr. Fixit Not Needed for Tim Allen’s L.A. Getaway
Three years after paying $1.4 million for a rustic-chic mid-century modern off Mulholland Drive, actor Tim Allen has apparently decided he no longer needs the glorified California man cave. The 2,600-square-foot home has been listed for sale for $1.95 million.
The open floor plan allows for plenty of entertainment space, including a kitchen bar area in a sea of Vermont pine floors. The house flows nicely out to full-length decks with spectacular canyon views.
Celebrity Real Estate: Bruce Springsteen, Jonah Hill, Roger Ebert
By Laura Vecsey
Springsteen’s Creative Cottage for Sale in Jersey
How important is the little house in Long Branch, NJ where Bruce Springsteen lived in when he penned “Born to Run,’’ among other of his early hits? Important enough to allegedly get Bob Dylan out on a secret search mission in 2009 to get a gander of the 828-foot cottage.
The creative abode belonging to “The Boss,” located in his hometown, is now on the market for $299,000.
Springsteen once opined about the work he did in that little house.
“I worked very, very long on the lyrics to ‘Born to Run,’ because I was very aware that I was messing with classic rock’n’roll images that easily turned into clichés,” he reportedly said.
The current owners bought the home in 2009 for $280,000 because of its rock legacy with the intent of turning it into a little museum in honor of “Born to Run” and Springsteen, but those plans have fallen through.
Jonah Hill Exiting Mulholland Drive
Jonah Hill is jumping houses again. Just weeks after selling a pretty cool NYC condo loft for $3 million, the actor listed – and sold – his mid-century modern house on famed Mulholland Drive. He bought the place in 2010.
The list price was $2.995 million, about $1.1 million more than the star paid five years ago. The 3,660-square-foot home was built in 1959 and features 4 bedrooms, 5 bathrooms, walls of glass, skylights and a separate guest house.
That’s a Wrap for Roger Ebert’s Home
Esteemed film critic Roger Ebert lost his battle to cancer two years ago, and it has taken that long for his widow, Chaz, to finally be ready to sell their lakefront getaway on Lake Michigan. The weekend home for the famous Chicagoans is $4 million.
Chaz said she’s ready to let go of the 1934 traditional home where the coupled gathered with her grown kids and grandkids. There are 4 bedrooms, 5 bathrooms, a kitchen where Roger loved to cook, views of Lake Michigan and, for Mrs. Ebert, a lot of great memories.
Celebrity Real Estate: John McEnroe, Yolanda Foster, David Foster
By Laura Vecsey
Love Match for McEnroe in Malibu
For at least the third time, tennis great John McEnroe and his wife, Patty Smyth have bought themselves a spread in Malibu. It may mean the couple will be looking to cast off one of the two other properties they own in the beachfront Los Angeles outpost.
Unlike the $3.35 million modern they purchased off Pacific Coast Highway in 2013, this modern masterpiece is directly on the ocean on one of the most desirable beaches in Malibu: Paradise Cove. The multi-level home was built in 1994 but has been completely redesigned inside by interior designer Michael Lee.
Goodbye, Malibu for Yolanda and David Foster
A few years after first trying to sell their fabulous Malibu home, Grammy-winning music impresario David Foster and his wife, former supermodel and “The Real Housewives of Beverly Hills” star Yolanda have done the deal. According to property records, the couple netted $23.5 million after first looking to get $27.5 million.
The sprawling, 11,600-square-foot home was the gleaming setting for several episodes of the reality show as Yolanda Foster hosted several parties for her castmates. But with Yolanda’s struggle Lyme disease and her two girls (Bella and Gigi Hadid) off on their international modeling careers, the home may have proved too big. In any case, Yolanda posted a romantic photo of her sharing a kiss with David on the pool deck of the home. The caption read: Beautiful ending to a beautiful chapter in our life.
Celebrity Real Estate: Angelina Jolie, Britney Spears, Robin Williams
By Laura Vecsey
Childhood Home of Angelina Jolie Pitt for Sale
Angelina Jolie Pitt and her husband, Brad Pitt, have owned a fleet of houses from California to New Orleans to the wine country of France. But the childhood home of the Hollywood star and United Nations special envoy has just hit the market in Palisades, New York.
Dubbed “The Whitney House,’’ the mid-century modern is listed for $2.049 million after a major renovation that has given new life to the 4-bedroom, 4-bathroom home. It’s about 30 minutes north of NYC.
Jolie and her brother lived there during the 1980s with their mother, Marcheline Bertrand, after she split with their father Jon Voight. The home is right up Brad Pitt’s alley, given his penchant for modern architecture. But with six kids, there’s probably not enough room for the Jolie/Pitt clan.
Oops, She Did It Again.
Britney Spears may be playing at Planet Hollywood in Vegas for another two years, but the pop star wanted another southern California estate – so she bought one! Spears’ new abode contains 5 bedrooms, 7.5 bathrooms, cost $7.4 million and sits on 20 acres high in the hills just outside of Los Angeles.
When she’s off-duty from her extended Vegas show, Spears will have plenty of entertainment choices for herself and two sons. The property includes a golf course, a tennis court and a 1,000-square-foot pool house with a full kitchen, bath and 3,800-bottle wine cellar.
Robin Williams’ Estate Gets Another Price Cut
Before his death in 2013, Oscar-winner Robin Williams sometimes lamented the high cost of maintaining his fabulous Napa estate. Perhaps this issue has figured into the difficulty the actor’s heirs have had finding a buyer?
With Williams’ children and wife now battling over his estate, a decision was made to drop the price on the Napa property down to $22.9 million. It was originally listed for $29.9 million.
Spread over 640 acres, the property contains vineyards, olive trees, hiking and horse trails, ranch facilities, a huge infinity pool, home theater and climate-controlled wine rooms. The main house is a massive, 20,000-square-foot limestone edifice complete with 5 bedrooms and 10 bathrooms. A caretaker house on the property adds another 4 bedrooms.
Celebrity Real Estate: Dave Grohl, Amy Irving, Betsey Johnson
By Laura Vecsey
Dave Grohl’s Cali Beach House Gets Price Drop
Proof that he’s eager to make a deal, Foo Fighter frontman Dave Grohl has shaved a couple of bucks off his Oxnard beach house. The current list price is now $2.995 million. The 3,000-square-foot home sits a few sandy steps from the ocean and is big enough (4 bedrooms, 4 bathrooms and tons of decking) to hang 10 with some fellow surfer dudes. Grohl may need a day to catch a few waves near his well-appointed surfer’s den.
Amy Irving Downsizing in Her Adopted Hometown
Amy Irving was born in California, but after her starring role in “Crossing Delancey,” the actress always seemed to have a bit of New Yorker deep within. Now the 62-year-old star of screen and stage has decided to part with her sprawling apartment at 50 Central Park West.
The 3,200-square-foot residence in the prestigious Prasada building is for sale for $11.5 million. Irving, who famously received a $100 million divorce settlement from Steven Spielberg, has lived in the building since 2005.
Betsey Johnson Heads West
Wild and crazy fashion designer Betsey Johnson was an accidental tourist when she first visited the Hamptons more than 40 years ago. As a pal of Pop Art kingpin Andy Warhol, Johnson was an art groupie who went out to the East End of Long Island for some kind of event, only to wind up doing something improbable: She decided to buy a traditional-style home in East Hampton.
Now the septuagenarian has listed the long-loved property for $1.75 million, as she plans to spend time in Malibu near her daughter and grandkids. The 4-bedroom, 3.5-bathroom home was listed for as much as $2.2 million earlier this year. The only real clue that the home is owned by an eclectic designer? Floral wallpaper on some of the angled ceilings.
Mortgage Rates Fall to Low Levels
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.73 percent, down 2 basis points from last week.
The 30-year fixed mortgage rate fell to 3.67 percent on Friday before rising to the current rate Tuesday.
“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, and for 5/1 ARMs, the rate was 2.71 percent.
Celebrity Real Estate: Sela Ward, Kathleen Turner, Richard Gere
By Laura Vecsey
Sela Ward Trading Paradise
“CSI: NY” star Sela Ward is about to make the Big Apple switch. That means parting with the grand Bel-Air estate she and her husband have owned since 2003. The 8-acre property has been listed for $39.995 million, which means the veteran star of the small screen will definitely be able to handle NYC real estate prices – sizzling as they are.
The 14,000-square-foot gated estate features a main house with 5 bedrooms, plus a guest house with an additional 2 bedrooms. Their property also features a theater, library, a greenhouse and plenty of the great California outdoors, including a vineyard and other fruit trees.
Kathleen Turner Sells Trump Place Condo
“Body Heat” star-turned-NYC-resident and stage actress Kathleen Turner is allegedly moving to lower Manhattan. To pave the way, Turner has just sold her Lincoln Square condo for $3.8 million. It was located in one of the first towers Trump brought to the Manhattan real estate market.
Turner, who will star off-Broadway starting Sept. 26 in a new play she is also producing, bought the 200 Riverside Boulevard abode in 2003, when she was married to New York real estate kingpin Jay Weiss.
After battling rheumatoid arthritis and concurring alcohol abuse, the stage actress is ready for her new close-up in the play “Will You Still Love Me If …” Turner will play the mother of a lesbian who is questioning her gender identity, as well as direct the production.
Richard Gere Cuts Price on Home
Richard Gere has dropped the price of his Sag Harbor estate to $47.5 million. “Strongheart Manor” was originally listed for $65 million in 2013, and then offered at $56 million before this latest cut.
The 6.3-acre property includes a shingled main house – impeccably detailed, plus two guest houses, a 60-foot swimming pool and outdoor basketball court. The estate sits on 300 feet along Peconic Bay.
Celebrity Real Estate: Norah Jones, Julianne Moore, Melanie Griffith, Antonio Banderas
By Laura Vecsey
Singer Nabs Historic Carriage House
Norah Jones has scored a new Brooklyn, NY home and a place to display her nine Grammy awards. The Texas-raised crooner and daughter of sitar legend Ravi Shankar is the proud owner of a Cobble Hill carriage house that was featured in the movie “Eat, Pray, Love.”
Built in 1840, the old firehouse has a ton of architectural charm, wide plank floors and plenty of space for Jones and her partner, jazz bassist and producer Alexander Lee, to raise their 1-year-old son. A long-time New York City resident, word is that Jones is aiming to remodel the two-family property into a single-family dwelling, complete with garden house.
Julianne Moore Selling Bungalow
Oscar-winning actress Julianne Moore has listed her perfectly low-key Montauk bungalow for sale. The price is $3.495 million for the primly-located home on the East End of Long Island.
The home is 1,000 square feet with 3 bedrooms and 1 bathroom. What makes the place special, however, is the setting. Sitting on about three-quarters of an acre, the landscaped property overlooks a pond and sports a very inviting in-ground swimming pool.
Griffith, Banderas Renting Aspen Home
The end of the marriage between Melanie Griffith and Antonio Banderas prompted the former Hollywood power couple to divest their real estate holdings. With the divorce finalized this summer, the couple sold their $15.95 million Los Angeles villa in June. However, they’ve had less luck finding a buyer for their $8.9 million Aspen-area compound, which is now being offered up for rent.
For $65,000 a month, the 12.3-acre estate gives renters a sensational 8,100-square-foot main house, along with a guest house and historic cabin for a total of 7 bedrooms and 8 bathrooms. The property is located on the backside of Aspen Mountain and includes a private ski run.
Celebrity Real Estate: Neil Young, Tracy Morgan, Marc Anthony
By Laura Vecsey
Hey, Hey! Neil Young Lists His Hawaiian Paradise
Rust never sleeps, and neither does Neil Young. The rockin’ rebel with a big acoustic side has split from his long-time wife, taken up with Daryl Hannah, ordered his music off streaming services and launched a music machine and a homemade, green automobile. Now it looks like Young is ready to part with his Hawaiian getaway.
The native Canadian who has set the standard for folk rock the past 40 years has listed his Kohala Coast estate for $24.5 million. The property includes a whopping 830 feet of ocean frontage, a 5-bedroom main house plus two 2-bedroom guest homes. Snorkel adventures await right outside the door in Kiele Bay. Hopefully, Young won’t regret giving up the place, especially with more tour dates booked for this fall down the West Coast.
‘30 Rock’ Star Hits New Jersey
Tracy Morgan has settled with Walmart after a deadly accident caused by one of the company’s truck drivers left the comedian seriously injured 14 months ago. He has just married his longtime fiancée. So how did the newlyweds celebrate? They bought a big mansion in Alpine, New Jersey.
Morgan’s new spread cost $13.9 million and spans 21,000 square feet and sits on 2 acres. The fun house is loaded with amenities, including 5 bedrooms, 9 bathrooms, a 6-car garage, bowling alley, racquetball court, screening room and swimming pool. It’s been a boost for Morgan, who is slated to host “Saturday Night Live” this fall.
Salsa King Swings South
Marc Anthony is looking to further divest from the West Coast. After selling his Encino home, the Salsa King has now listed his Tarzana home for $4.125 million. Apparently, with a new entertainment firm in Miami, the former Mr. J-Lo has no need for Los Angeles homes, so he is saying “adios” to the 5-bedroom, 7-bathroom traditional home which he only purchased seven months ago. Once a part owner in the Miami Dolphins, Anthony is no stranger to South Beach and the music scene in south Florida.
Celebrity Real Estate: Serena Williams, Venus Wlliams, Alicia Keys
By Laura Vecsey
Sisters & Doubles Partners Sell NYC Loft
Serena and Venus Williams have always felt at home in New York, where the star tennis sisters have won eight U.S. Open Championships between them, plus a few doubles titles, too. Now, just a month ahead of the 2015 Open, in which Serena will attempt to win her seventh Open in her incomparable career, the pair has sold their Fashion District loft for $2.1 million.
The sisters bought the 1,800-square-foot Manhattan loft for $1.335 million in 2005, but never did move in or decorate the mostly raw space. The one-bedroom with massive open space was purchased by Ted Wells, the attorney charged with investigating the New England Patriots’ actions in deflating footballs to optimize pressure for quarterback Tom Brady.
Alicia Offering Keys For Right Buyer
Two years after singer Alicia Keys and hip hop artist Swizz Beatz took over Eddie Murphy’s New Jersey mansion, the couple are moving on. The 25,000-square-foot home has hit the market for $14.9 million. Word is that the art-collecting parents of two young kids want even more space to display their growing art collection. Or, at least, more wall space.
Murphy’s former funhouse includes a movie theater, indoor swimming pool, two-lane bowling alley and professional recording studio. The couple previously lived in Manhattan but sold that penthouse in 2013 for $12.75 million.
Celebrity Real Estate: Donald Trump, Rosie O'Donnell, Dennis Miller
By Laura Vecsey
$54M Presidential-Style Palace Once Owned By Trump for Sale
Donald Trump’s presidential aspirations are still an unfolding drama. But his development and real estate legacies are already the stuff of legend – as evidenced by the listing of Trump’s former family compound in Greenwich, CT.
The 6-acre peninsula property on the Long Island Sound has been listed for sale for $54 million. The estate served Trump back in the 1980s, when he and Ivana decamped there to raise their children. After their divorce in 1991, Ivana took possession and later sold it.
The new owners subdued the Ivana-inspired decor and added a 4,000-square-foot addition, which includes a lap pool. This goes along with an outdoor pool overlooking the Sound, and a total of 19,773 of living space that sports 8 bedrooms, 11.5 baths.
Rosie Buys Again in Florida
Speaking of Donald Trump – the real estate magnate’s favorite target, Rosie O’Donnell, has bought a Florida vacation home. This time, the comedian has opted to head back to the Atlantic side of the coastal state with the purchase of a $5.275 million home in West Palm Beach.
The 6-bedroom home 180 feet of waterfront on the Intracoastal Waterway, complete with an outdoor pool and dock. This is the third Florida home for O’Donnell, who sold her Star Island prize in Miami a few years back for $16.5 million, then owned a beachfront home in Sarasota, which she has sold.
The purchase caps a madcap few years of real estate wheeling and dealing for the former “The View” host. She has listed her Nyack, New York compound; sold a Greenwich Village condo and has now listed her New Jersey Tudor for sale, too.
Dennis Miller Gives Up On the View
Dennis Miller and his wife, Carolyn Espley-Miller, sold their oceanside mansion south of Santa Barbara, Calif., for $19 million. The couple had listed the 6,000-square-foot beauty for $22.5 million in January.
The Millers joked that they couldn’t get any work done in the house because they were either staring off into the amazing Pacific Ocean views or talking on the phone, telling other people how nice it was.
The 5-bedroom, 5.5-bathroom home includes 63 feet of beachfront and a half acre on the exclusive Padaro Lane.
Mortgage Rates Expected to Move Lower
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, up 2 basis points from the same time last week.
The 30-year fixed mortgage rate rose Wednesday, then returned to the current rate and stayed there for the rest of the week.
“Mortgage rates temporarily rose last week after the Atlanta Fed president said interest rates could increase in September, but ended the week essentially where they started,” said Erin Lantz, vice president of mortgages at Zillow. “Mortgage rates should move lower as investors seek safety after China devalued the yuan. Friday’s Consumer Sentiment data could also move rates toward the end of the week.”
Additionally, the 15-year fixed mortgage rate was 2.96 percent, and for 5/1 ARMs, the rate was 2.83 percent.
Celebrity Real Estate: Julia Roberts, Hilary Swank, Vince Vaughn, Johnny Galecki
By Laura Vecsey
Julia Roberts Selling; Hilary Swanking Renting
What do the Pretty Woman and the Million Dollar Baby have in common? Julia Roberts and Hilary Swank are giving up their Manhattan properties — though Swank is just seeking a renter for her West Village condo while Roberts wants to sell.
Roberts is asking $4.5 million for her 3-bedroom, 3-bath Greenwich Village home. Swank is looking to lease her 2-bedroom, 2-bathroom condo for $20,000.
Either way, both A-list actresses are still tied to NYC. Roberts owns another downtown residence and may only be looking to unload this property if reports of an impending divorce are true. Swank, on the other hand, is seeking a renter willing to sign a one-year lease. She’s residing in California while she’s nursing her dad back to health after a lung transplant.
Vince Vaughn Moving On
A year after buying a massive Manhattan Beach home, Vince Vaughn is looking to unload his Colonial in La Canada Flintridge in Southern California. The actor, currently starring in HBO’s “True Detective” show, is asking $5.299 million for the 5,563-square-foot home.
The 5-bedroom, 6-bathroom home cost the actor $3.925 million in 2013. Vaughn, who bought a $2.375 home in Hollywood Hills last year, is also trying to sell his Chicago penthouse which is listed for $13.9 million.
Galecki Buys From Statham
“Bing Bang Theory” star Johnny Galecki has purchased action star Jason Statham’s Beverly Hills home for $9.2 million. This is the same Spanish-style estate that Statham bought from Ben Stiller.
There’s little mystery as to why the 6-bedroom, 6-bath estate is a hot property. With dark woodwork, Spanish tiles, lush gardens that boast a fountain and secluded pool, this home is the perfect L.A. oasis.
Celebrity Real Estate: Donald Trump, Mike Huckabee, Sia
By Laura Vecsey
Trump Beats Huckabee -- In Real Estate Deals
Republican presidential hopeful Mike Huckabee has dropped the price on his Little Rock house to $674,000. If nothing else, it’s proof that the former Arkansas governor is nowhere near the same ZIP code as the current GOP presidential frontrunner, Donald Trump
While Huckabee has taken some notes from The Donald on how to attract a buyer, the former governor comes nowhere near the $21 million deal Trump just made for his Manhattan penthouse.
Like Huckabee, who first listed his Little Rock home for $850,000 in 2013, Trump started off seeking $35 million for the Trump Park Avenue condo before cutting the price twice and accepting $14 million under his original list price.
Maybe Huckabee is closer to the right price now for the 5-bedroom, 6-bathroom home. Or maybe the pair of real estate sellers will trade tips on the GOP debate floor.
Yes, Sia’s New Home Comes With Chandeliers
With her hit songs and her star fully risen in the music industry, it was time for notoriously shy Sia to spread her wings and fly into a bigger, better home. Now the singer-songwriter has found the right manse in Los Angeles, settling on a $4.7 million Mediterranean Revival. The 1920s-era home is in Los Feliz and comes complete with stained glass murals, a sunken living room and spectacular city views.
Celebrity Real Estate: Beck, Taraji P. Henson, Facebook Co-Founder Chris Hughes
By Laura Vecsey
Beck Selling Santa Monica home
Maybe Beck has turned into a flipper. The singer listed his 4-bedroom, 4-bath Tudor after paying $2.711 million in February. The property is back on the market for $2.795 million. The home wasn’t a primary residence for Beck, who owns another place in the Los Feliz neighborhood of Los Angeles.
Beck was the big winner at this year’s Grammy Awards, taking home the trophy for Album of the Year for the soothing collection “Morning Phase.”
Taraji P. Henson Now a Landlord
With a fresh Emmy nomination for best actress in a drama for her performance as Cookie Lyon in the smash cable hit “Empire,” Taraji P. Henson is celebrating in the big L.A. house she moved into last summer. But the actress is not above being a landlord: Henson’s San Fernando Valley home is on the rental market.
Listed for $3,400 a month, the 1,400-square-foot stucco home is where Henson lived for 10 years. The 2-bedroom, 2.5-bathroom home is tidy and neat with an in-ground pool, but no one can blame her for moving on up after scoring leading roles in several successful television series. Henson’s fellow Emmy nominees include Viola Davis, "How to Get Away With Murder"; Robin Wright, "House of Cards"; Elisabeth Moss, "Mad Men"; Claire Danes, "Homeland" and Tatiana Maslany, "Orphan Black."
Facebook Co-Founder Giving Up Lofty NYC Spot
As the new face of millennial power, Facebook co-founder Chris Hughes and his investor husband Sean Eldridge have received lots of attention over the past few years for their career and real estate undertakings. Now the couple is looking to sell their whoppingly-large New York City loft. The 4,100-square-foot condo at 30 Crosby is on the market for $8.75 million.
With 12-foot ceilings and a grand living room that runs almost 40-feet long, the interior space includes a formal dining room, a library and huge kitchen connected to a west wing that features 3 bedrooms.
Meanwhile, Hughes and Eldridge have other NY homes to hang their hats. They famously bought not one but two estates in two different congressional districts north of NYC to give Eldridge a chance at winning a seat in the U.S. House of Representatives. His campaign, however, was a bust.
Celebrity Real Estate: Katie Holmes, Gigi Hadid, Joan Rivers
By Laura Vecsey
Holmes Cruises Into $25K NYC Rental
Katie Holmes has found a $25,000-a-month penthouse in Chelsea. The lease gives the former Mrs. Cruise a place to hang with daughter Suri when the two aren’t out West in the Los Angeles neighborhood of Calabasas.
The contemporary look of the 3-bedroom, 2-bath apartment is super slick and comes with a wood-burning fireplace, chef’s kitchen, master suite and plenty of outdoor terrace space, including an outdoor shower.
Her ex, Tom Cruise is making real estate moves of his own. The "Mission: Impossible - Rogue Nation" star is still trying to find a buyer for his Hollywood Hills home. He’s asking $13 million for the property.
Gigi Parting with NYC Home
Taylor Swift bestie and model Gigi Hadid, is selling her luxurious lower Manhattan apartment, reportedly because of a stalker. That makes her residency in the 935-square-foot SoHo abode less than a year. Her mom, model Yolanda Foster who has appeared on “The Real Housewives of Beverly Hills”, was the buyer last August, and now looks to gain about a half million dollars from the sale – if the hot NYC market fetches a full-price offer.
Joan Rivers' Penthouse Sold
Joan Rivers’ opulent Manhattan triplex has found a buyer. The late comedian’s estate fetched a full-price offer on the $28 million Upper East Side apartment overlooking Central Park.
Rivers was no stranger to over-the-top jokes and decor and likened her abode to something straight out of Marie Antoinette. The comedian once told Vanity Fair that the ill-fated French queen was the historical figure with whom she most identified, since they both had “great style.”
The gilded penthouse sprawls 5,100 square feet and has 23-foot ceilings, not to mention antique boiserie paneling, ornate fireplaces, a ballroom, master suite, terraces, a wood-paneled library and a separate 2-bedrooms, 2-bathroom headquarters.
Celebrity Real Estate: Scott Disick, Nicole Richie, Joel Madden, Floyd Mayweather
By Laura Vecsey
Bachelor Pad For Never-Married Disick
With his July Fourth weekend breakup with long-time partner Kourtney Kardashian, Scott Disick isn’t lacking a place to camp out. Months ago, the father of three bought a Beverly Hills home of his own for $3.699 million. Allegedly, he was going to fix it and flip it, but in reality, the former ranch house has already undergone a remodel, including an entire second-story addition to bring the home to just over 4,000 square feet.
Not So Candidly, They’re Selling
Nicole Richie and Joel Madden may or may not be splitting up, but the star of a reality show, “Candidly Nicole” does have a new Beverly Hills abode.
Maybe that’s why the couple are looking to sell their Laurel Canyon home? The list price is $3.495 million, a tidy sum more than the $1.9 they paid in 2009 for the reimagined home with a mid-century modern vibe. There are 5 bedrooms and 5 bathrooms under soaring ceilings while the outdoor area features a nice courtyard and lagoon-style pool.
Mayweather Sticking with Condo Life
Fresh off a $180 million payday, welterweight champion Floyd Mayweather Jr. was “celebrating” his unanimous decision smackdown of rival Manny Pacquiao by trying to deliver a big TKO to his Florida condo.
But it looks like he’s changed his mind. Mayweather was asking $1.999 million for his condo high above Sunny Isles Beach, FL, a barrier island north of Miami. That was way underweight from the $2.599 million list price from last July.
The penthouse is a sprawling 3,020 square feet with 4 bedrooms and 5 bathrooms.
Celebrity Real Estate: Bret Michaels, Geraldo, Robin Thicke
By Laura Vecsey
Guess It Wasn’t a Love Match
Poison frontman Bret Michaels -- who has unleashed himself into all manner of TV-star success stories (“Rock of Love” and “Celebrity Apprentice” which he won) -- is looking to unload his California beauty. In this case, the beauty is Michaels’ $3.649 million home in Calabasas.
The rocker has listed the 6,797-square-foot abode just as he readies for a tour to support his new album, “True Grit.” The spread contains 5 bedrooms, 6 bathrooms, a courtyard and a wine cellar. He only bought the place last year, proving once again that Michaels knows how to love ‘em and leave ‘em.
Higher Ratings – Or View – For Geraldo
Television personality Geraldo Rivera is looking for a broader perspective with his new penthouse condo overlooking Central Park.
Rivera and his wife, Erica, paid $5.6 million for the 40th-floor unit that’s 2,500 square feet with 4 bedrooms, including a double-sized master suite, and 3 bathrooms. That was a good deal off the $6.25 million list price.
The couple, who have a 9-year-old daughter, own a home in New Jersey overlooking the Hudson River, and they also own another unit in the building on 89th Street, just east of Central Park.
No Blurred Lines on Robin Thicke’s Malibu Spread
With his divorce from Paula Patton settled and his home in the Los Angeles area sold for a tidy profit, Robin Thicke is moving up. Or, at least, to Malibu.
The blue-eyed crooner who’s had more than his share of drama in the past few years bought a $2.4 million estate in Malibu. The 1.7-acre property includes a 4-bedroom mid-century modern abode with ocean views and fruit trees and a 4-stall horse corral. After too much spotlight, Thicke said he just wants to chill out.
“Blurred Lines” has also meant big profits for Thicke’s collaborator Pharrell. The “Happy” singer recently put down $7.14 million for a contemporary estate in the hills above Los Angeles.
Mortgage Rates Remain Volatile
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.95 percent, up 2 basis points from the same time last week.
The 30-year fixed mortgage rate fell to 3.82 percent last Friday, then hovered around 3.86 percent before rising to the current rate on Tuesday.
“Rates fell last week due to continued uncertainty about Greece’s fiscal situation and the Fed signaling it might wait longer than expected to raise interest rates, but recovered as negotiations with Greece continue,” said Erin Lantz, vice president of mortgages at Zillow. “Rates will likely be volatile until a deal between Greece and its creditors is finalized.”
Additionally, the 15-year fixed mortgage rate was 3.04 percent, and for 5/1 ARMs, the rate was 2.82 percent.
Celebrity Real Estate: Kesha, Troy Aikman, Penn Jillette
By Laura Vecsey
Kesha Lists Venice Beach Home
Kesha has undergone a few changes in her life in recent months, and now it looks as if the pop singer wants to change her address, too. She has listed her modest-but-cute Spanish-style home for $1.849 million.
The home sits in the heart of Venice Beach, and while small, provides a nice little oasis away from the bustle of this busy beachside community in L.A. The listing comes just as Kesha continues her nasty legal battle against her former producer, Lukasz “Dr. Luke” Gottwald, who signed Kesha at age 18 and, according to her, exerted too much control.
Aikman Scores Home Sale
Former Dallas Cowboys QB and NFL analyst Troy Aikman has sold his sprawling Dallas mansion for $5.4 million. That’s a little shy of the first down he was seeking from his original list price of $5.95 million, but it will get the job done.
The 4-bedroom, 6-bath home on a third of an acre boasts an elevator, an outdoor entertainment zone and a theater with a refreshments bar suitable for kicking back with a reel of play-by-plays. Aikman won’t be homeless, though. He owns another home in Dallas and one in nearby Coppell, TX.
Presto! Vegas Magic for Penn Jillette
Penn Jillette is the jaw-flapping half of the comedy/magic team Penn & Teller and has just pulled a huge rabbit out of his hat. Or, make that, a sleek modern home outside of Las Vegas.
Jillette paid $3.3 million for a 7,800-square-foot contemporary mansion that contains 5 bedrooms, 7 bathrooms and a whole lot of living space. His agent said that the new spread was appealing because of the indoor-outdoor feel.
Celebrity Real Estate: Michael Jackson, Cindy Crawford, Ben McKenzie
By Laura Vecsey
Neverland for Sale Again
Michael Jackson’s Neverland Ranch is back on the market for $100 million, but this time without the carnival attractions and animals that made the King of Pop’s palace more Disney than Motown.
The 2,700-acre ranch is just north of Santa Barbara and became Jackson’s dream escape after he bought the property in 1987 for $19.5 million.
The property features some 22 structures, including a 12,000-square-foot main house with six bedrooms and attached staff quarters. There are also two- and four-bedroom guesthouses, a swimming pool, basketball court, tennis court and 50-seat movie theater with a private viewing balcony.
Supermodel Home for Sale
Cover girl Cindy Crawford and her restaurateur husband, Rande Gerber, have made a big splash in the Malibu real estate market. The couple have listed for sale a home they bought last summer and then remodeled into a sleek, new beauty.
The 1.4-acre estate is listed for $15.45 million, or more than double than the $6 million they paid last year for the 1958 abode that features a great room, gourmet kitchen, wide-plank floors and exposed beam ceilings. There’s also a private path to the ocean and a backyard that features a lagoon-style pool.
‘Gotham’ Star Makes Getaway to NYC
Det. Jim Gordon can’t possibly do his job in New York City when his house is in California. So, what’s an actor to do?
Now that he’s starring as the famous detective in the New York-based TV series “Gotham,” Ben McKenzie has listed his 3-bedroom, 2.5-bath Hollywood Hills home at $1.895 million.
The home features a master suite with a steam room and tub and a private guest house.
Celebrity Real Estate: Caitlyn Jenner
Caitlyn Jenner, previously known as Bruce Jenner – the former Olympian and now reality star, has purchased a home in Malibu for $3.575 million.
The 4-bedroom, 4-bathroom home takes full advantage of its location and blends the outdoors and indoors. A dining room features a full-glass wall to take in the water views. To keep things comfortable year-round, the cozy step-down living room has a fireplace. The open loggia, grilling area and outdoor pool/spa area also have a fireplace.
There's also a comfortable all-white kitchen with top-of-the-line appliances and a large center island.
Surprisingly, the home is not located in the same area as some of his famous family members. Daughter Kylie found a place blocks away from sisters Kourtney and Khloe earlier this year. Kylie paid $2.7 million for her home in Calabasas. Caitlyn's ex Kris Jenner and Kim live near them in Hidden Hills.
Celebrity Real Estate: Paula Deen, Miley Cyrus, Jason Biggs
By Laura Vecsey
Cooking Up an Estate Sale
Celebrity chef Paula Deen got burned with some unsavory talk a few years back that cost her star status – and her saucy, buttery TV show. Now the former host is asking $12.5 million for the Savannah estate where she cooked up her Food Network shows.
The nearly 4-acre riverfront property was built in 2009 and is called “Riverbend.’’ The entire living space spans a massive 28,000 square feet. There’s 8 bedrooms and 8.5 bathrooms in total. The property includes a French Caribbean-style main house, two guest cottages, dock house, an 8-car garage, outdoor kitchen, a pond and a swimming pool with a dive-in theater.
Twerking with the Ponies
It appears as if Miley Cyrus has had it with the break-ins at her Toluca Lake home and is opting for a bigger spread.
Reports have it that Cyrus paid $4.037 million for a 5.5-acre horse ranch in Hidden Hills, CA. The 6,500-square-foot home includes 7 bedrooms, 6 baths and a loft-style great room with wide-plank wood floors, beamed ceilings and walls of French doors.
The party may not be stopping for Miley, though. The new property boasts a 1,000-bottle wine cellar to accompany the property’s cabernet sauvignon and merlot vineyard – offering a nice way to relax after spending the day out in the 10-stall barn and 1-acre horse riding area.
Off-Camera Moves for Jason Biggs
While he’s out of season three of “Orange is the New Black,” Jason Biggs is calling for action in his real life. The “American Pie” actor has listed his mid-century modern home above the Sunset Strip for $2.595 million.
Biggs and his wife have owned the 2,756-square-foot home since 2007 and tried to sell it a year ago, but took it off the market over the winter. The 3-bedroom, 3-bathroom home boasts a pool, terrace and covered gym and, best of all, expansive views of L.A. and the Pacific Ocean.
Celebrity Real Estate: Brad Pitt and Angelina Jolie
Brad Pitt, Angelina Jolie Want Easier Living in the Big Easy
Brad and Angelina are breaking up with their current French Quarter mansion, but that doesn’t mean their love affair with New Orleans is ending.
The paparazzi are never far from the mega-watt couple, and their prime location home on Governor Nicholls St. was even on the fan tour circuit. When it was Brad waving from the balcony, fans were ecstatic. But when the couple let Jonah Hill stay for a month, Hill says the fans were a bit much. “I’d get out of the car, and you could hear a collective audible sigh of annoyance when it wasn’t Brad Pitt,” Hill told Jon Stewart on The Daily Show.
It stands to reason the couple is looking for something a little more private in the area. The house is on the market for $6.5 million and Pitt and Jolie are still looking for their next abode nearby.
Five bedrooms and five bathrooms, a gourmet chef’s kitchen, full laundry room and a separate two-story guest house are some of the amenities. Standout features include the Old World charm of a spiral staircase, custom marble fireplaces and mantles, Venetian plastered walls and a gorgeous balcony.
Fully renovated by Pitt himself, the home is resplendent with modern conveniences, including an elevator.
Pitt’s former homes have also been updated by the actor, including a Malibu property that he sold to Ellen DeGeneres. That home is set back from the Pacific Coast Highway behind private gates and comes with access to a sandy beach cove.
Celebrity Real Estate: Patrick Dempsey, Zooey Deschanel
By Laura Vecsey
The Anatomy of a Sale
Unfortunately for Patrick Dempsey, life’s changes mean he must part with the Frank Gehry-designed estate. The estate he bought six years ago is on the market for $14.5 million, while Dempsey has already moved to his new Venice Beach mini-compound.
The three-acre property in Malibu is the stuff made for Architectural Digest, which did indeed feature the corrugated metal home shaped as a rhomboid – a home and garden design Dempsey told the magazine he loved.
With ocean views and raised gardens, the 3-bedroom, 3.5-bath home features floors made of repurposed scaffolding, a concrete sink in the kitchen and a sculpture studio. There is a nice pool surrounded by recycled wood decking, a fire pit and pizza oven.
‘New Girl’ Lists Old Home
With a baby on the way and a new $4.6 million house in Manhattan beach with hubby Jacob Pechenik, actress Zooey Deschanel has listed her half-acre, country-style estate in the Hollywood Hills that she bought from actor Mark Ruffalo.
The list price is $2.195 million for the 2,957-square-foot ranch that contains 3 bedrooms, 3.5 baths and a large breakfast area that looks out over lush grounds and gardens.
Deschanel may have already found a buyer for the eclectic property. The home has a sale pending.
Celebrity Real Estate: Melanie Griffith, Antonio Banderas, Queen Latifah
By Laura Vecsey
An Estate Worthy of ‘Zorro’ and a ‘Working Girl’ Hits the Market
A casualty of the split between Melanie Griffith and Antonio Banderas is their lovely Los Angeles-area home, which has been listed for sale for $16.1 million.
The former Hollywood power couple bought the house for $4.2 million in 1999 and the following year added an adjacent lot for $1.3 million, according to public records.
The centerpiece of the property is a 15,000-square-foot Italian revival home built by the same architect who designed the Hoover Dam: Gordon B. Kaufmann. The home has 13 bedrooms, 11 bathrooms and a two-story banquet hall, four fireplaces, a library and an elevator. The grounds are equally as sumptuous. The couple combined two lots to create an acre-and-a-half sanctuary complete with lawns, organic gardens and a pool.
Jersey Girl Gets a Deal
Queen Latifah’s first real estate trophy finally sold for $2.1 million. The 9.5-acre spread in Colts Neck was purchased by the New Jersey native in 2001 and it has fetched a little less than she paid. It may not matter too much to the Queen, who said she enjoyed years of friends and family fun in the home, which includes a nice backyard swimming pool.
The entertainer is still trying to sell a 2,026-square-foot bungalow in Los Angeles that hit the market last fall. The price for that little home is $1.799 million, down by $140,000 from its initial listing price.
Celebrity Real Estate: Tom Cruise, Julia Roberts, Marc Anthony, Sean Combs
By Laura Vecsey
Cruising For a Sale
Tom Cruise is on the move. The actor has listed his 2.75-acre villa in the Hollywood Hills for just under $13 million.
The main house has a very natural-style interior replete with wide-plank oak floors and Venetian plaster walls and a farm-style kitchen. There are three en-suite bedrooms. Meanwhile, a separate guest house has 4 bedrooms, 4 bathrooms and a kitchen. The hilltop property also sports a lagoon-style heated pool with waterfall and spa.
This is not the only property Cruise has tried to sell recently. Late last year Cruise listed his off-the-grid estate in Telluride that he designed. He decided to part ways with the $59 million cedar home since he was no longer using it.
Pretty Woman Lists Hawaiian Estate
Julia Roberts is saying “aloha” to her beachfront estate in Hanalei, HI. According to reports, the property features more than 200 feet of beachfront and is being shopped for $29.85 million.
Roberts purchased the property in 2011 for $13.4 million. The “The Faye Estate” spans 2 acres and is named for the sugar plantation manager who bought it in 1915. The 3,792-square-foot home was built in 1946 and has 7 bedrooms and 4 bathrooms.
J-Lo’s Exes Selling Million-Dollar Mansions
What else do Diddy and Marc Anthony have in common – besides Jennifer Lopez? The NYC-born hip-hop mogul and the Latin crooner are both still looking for buyers for their metro New York-area compounds.
Anthony, who was married to Jenny from the Block and is the father of her twins, has just cut the price on his Long Island compound by $2.5 million to its current price of $9.495 million.
The 10-bedroom, 8-bathroom estate is located in the rolling hills of Brookville on the north shore of Long Island, about 30 minutes from Manhattan. But don’t worry about how to keep yourself entertained in the spread. The property includes a library, recording studio and professional home theater and eight fireplaces.
Anthony remarried last year to Venezuelan model Shannon De Lima and appears even more eager to divest of his U.S. real estate. Anthony also listed his 6-bedroom home in Encino, CA for sale late last year for $2.75 million.
Meanwhile, another one of J-Lo’s ex’s is also getting antsy for a sale. Diddy – who has long professed that J-Lo was one of his greatest loves in life – has put his NJ estate back on the market for $8.5 million.
Sean “Diddy” Combs’ estate includes three acres, swimming pool with waterfalls and a tennis court and putting green. Inside, there’s a theater, an indoor racquetball court and a professionally-equipped gym.
Last summer the entrepreneur reportedly paid $39 million for a mansion in the Holmby Hills section of Los Angeles. He is also still trying to sell a NYC condo, listed for $7.5 million.
Celebrity Real Estate: Carmelo Anthony, Robin Thicke, Jonah Hill
By Laura Vecsey
Carmelo Anthony Buys New Home
Everyone calls New York Knicks forward Carmelo Anthony “Melo.” So it’s little wonder that the NBA star was more than mellow about finding a permanent home in the Big Apple.
Four years after being traded to the Knicks, and after a brief flirtation about moving onto a new team, Anthony and his wife, La La Vasquez, have finally bought their own place.
The $11 million crib is a complete floor at 508 W. 24th Street in West Chelsea, one of the hottest neighborhoods in the city these days thanks to the popularity of the High Line park and all the galleries, restaurants and shops.
Melo’s double unit is in a 10-story boutique building and is modernly designed with oversized windows, walnut and Calacatta gold marble chef’s kitchen and wood-burning fireplaces. Building amenities include private storage, a bike room, a shared courtyard with a gas grill and a gym – the perfect place for the ailing Knicks’ star to rehab his knee.
No Blurred Lines on This L.A. House Sale
For a man with some big hits in the past year, singer-songwriter Robin Thicke has been down on his luck lately. He got publicly shamed and divorced from his longtime love, actress Paula Patton, then was ordered to pay $7.4 million in damages for ripping off Marvin Gaye’s hit song “Got To Give It Up.”
But, finally, something good is happening for the 38-year-old entertainer. According to the Los Angeles Times, Thicke collected $4.9 million for the sale of his Hollywood Hills house, which was about $2 million over the $2.985 million list price.
The 3,158-square-foot home with super-high ceilings and other architectural details was first bought by Thicke’s father, Alan, in 1990 for $910,000. Located in the Bird Streets area, the Spanish-tiled home is a 1965 classic.
Jonah Hill Jumping From Howard Street in NYC
Jonah Hill is trying harder this time to shed his Soho pad. The “Wolf of Wall Street” actor has listed his classic New York loft apartment for $3.5 million, down from the price Hill originally sought for the 2,000-square-foot unit in the summer of 2014.
The apartment is currently configured as a huge one bedroom. It’s so big, in fact, that Hill has a piano located across from the king-size bed. The apartment has its original, century-old hardwood floors, plus exposed brick walls and marble bathrooms. It’s been renovated with a gourmet kitchen, central air conditioning and a washer-dryer.
Celebrity Real Estate: Barack Obama, Bristol Palin
By Laura Vecsey
Hawaiian Estate’s Rumored Purchase by the Obamas, Bristol Palin Selling in Alaska
Interesting news out of the 50th state of the union is sure to make some presidential waves -- if it turns out that speculation about ties to Barack Obama are true.
Television news station KOHN in Oahu reports that 3-acre oceanfront estate on Waimanaolo Beach made famous by the hit show “Magnum P.I.” has been purchased by an LLC whose mailing address is that of Obama fundraiser and Chicago lawyer Seth Madorsky. The property was sold on March 16 in a bit of mystery, but digging around has created a paper trail to Obama connections.
The Hawaiian home sold for $8.7 million which was above the asking price, but the mortgage note is about 1 million dollars more, which means the transaction could include cash for renovation to the historic property. The 1933 estate at 41-505 Kalanianaole Highway is called “Pahonu” and has belonged to a former local politician named Eve Glover Anderson for decades. It was the setting for Robin’s Nest, the oceanfront Hawaiian paradise featured in “Magnum P.I.”
According to KOHN, the deed and the mortgage are signed by Judy Grimanis, an executive assistant at a Chicago-based private capital firm run by Obama’s longtime friend and frequent Hawaii golf and travel partner Marty Nesbitt.
With only two years left in the White House, the Obama’s will need a place to land once his second term ends in January 2017. Whether it’s back on the island where Obama went to high school and lived with his maternal grandparents … the real estate gossip mill is churning. At least the President will be closer to his beloved shaved ice, should this deal be for real.
… Meanwhile, in the 49th state, the daughter of former vice presidential candidate Sarah Palin is engaged to be married and may be skipping out of Wasilla. Bristol Palin has listed her $549,000 lakefront home for sale.
Palin bought the half-acre property in 2011 and completely renovated the 3-bedroom, 3.5-bathroom home that features views of Lake Lucille and, true to Alaska outdoor form, fly-in access for seaplanes. Palin is engaged to a Medal of Honor recipient Dakota Meyer, a Kentucky native.
Celebrity Real Estate: Kylie Jenner, Joe Cocker, Allison Janney
By Laura Vecsey
Keeping Up With All the Kardashian/Jenner Moves
The Kardashian Klan nest is getting emptier and emptier. Not only has Bruce Jenner moved out and onto a new chapter in life, daughter Kylie Jenner is showing it’s her turn, too.
So what if she’s only 17?
The little sister of Khloe, Kim, Kourtney and Kendall is under contract to buy a $2.7 million home in Calabasas, CA. Unlike Kendall, who moved into her own $1.4 million condo in Westwood, Kylie will be just a stone’s throw away from Kourtney and Khloe. Meanwhile, mom Kris Jenner and sister Kim live in nearby Hidden Hills.
Kylie’s new 5-bedroom, 6-bathroom digs are in The Oaks development and the house is a spectacular 4,800 square feet, not including a 3-car garage.
Getting By With a Little Drop in the List Price
British blues crooner Joe Cocker lost his battle to cancer in December, several months after he listed his beloved Colorado ranch for $7.85 million. The 243-acre spread called Mad Dog Ranch is in the tiny town of Crawford and sports a very comfortable 7-bedroom home that Cocker had adorned with the work of local craftsman. Word is now that the price has been lowered to $7 million, and that includes the home’s greenhouse and gardens where Cocker grew his own veggies and tomatoes.
‘Mom’ Selling Her ‘West Wing’
Allison Janney has listed her 1,925-square-foot house in Studio City for sale for $1.495 million. The sweet 3-bedroom, 3-bathroom ranch sits on a half-acre lot with plenty of trees, decks and patio space to take full advantage of the solar-heated pool, mountain views and surrounding scenery. The interior is updated with a chef’s kitchen and a master suite with a vaulted wood-beam ceiling. Records show Janney bought the place for $799,000 in 2001.
Strong Economic Data Boost Mortgage Rate Increase
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.62 percent, up 6 basis points from this time last week.
The 30-year fixed mortgage rate rose early in the week, then hovered around 3.65 percent before returning to the current rate on Tuesday.
“Rates increased last week on strong economic data from both the U.S. and Europe,” said Erin Lantz, vice president of mortgages at Zillow. “This week we expect some volatility as markets hold their breath for Friday’s monthly jobs report.”
Additionally, the 15-year fixed mortgage rate this morning was 2.87 percent, and for 5/1 ARMs, the rate was 2.75 percent.
Celebrity Real Estate: Dr. Dre, Rosie O'Donnell, Orlando Bloom
By Laura Vecsey
L.A.’s Most Expensive Teardown?
Rap mogul Dr. Dre turned some heads when he snatched up the $40 million Brentwood mega mansion built by Super Bowl MVP Tom Brady and his model wife Gisele Bundchen. But the story of Dre’s move just got more bouncy than a '64 Lincoln on amped-up hydraulic lifts.
Turns out that Dre has now sold his digs to Skyview Capital private equity firm founder Alex Soltani for $32 million, just so Soltani can raze the 10,000-square-foot house and rebuild on the site. The Los Angeles Times reports that Soltani aims to erect a $100 million “trophy home” on the lot that has views of the Sunset Strip and Los Angeles.
Rosie Sticking Close to Home
With news of her separation from wife Michelle Rounds, plus her decision to leave “The View,’’ Rosie O’Donnell is working hard to simplify her life. The comedian/actor/activist/talk-show host has listed the Florida getaway she bought in 2013 in Casey Key near Sarasota.
O’Donnell is asking $5.75 million for the Gulf-front home, which has 4 bedrooms, 5.5 baths and 100 feet of beachfront with a private dock and a nice outdoor pool. It’s situated on 0.78 acres of an 8-mile-long barrier island called Casey Key, south of Sarasota.
A heart attack survivor, O’Donnell said that she has made a decision to dial back the stress in her life. She has five kids, including four teenagers, and felt that working on “The View” was not good for her family or health. That means more time at her New Jersey home, where her kids attend school.
Orlando Bloom Shaking It Off
Less than six months after buying a loft in Tribeca’s old Sugarloaf Warehouse where Taylor Swift bought a $19 million penthouse, Orlando Bloom has decided he’s seen enough. Bloom has listed his 3-bedroom, 2.5-bath loft for $5.495 million. While it’s just speculation, could the reason he’s leaving behind this light-filled loft be the constant gaggle of Swift-seeking Paparazzi gathered near the entry?
15 Words Could Boost Your Home’s Sales Price
By Sally Deneen
Getting ready to sell your home? Be certain to play up in your listing that it's a "beautiful" home with "granite" counters and "stainless" steel appliances. Using such words in your description could boost the sales price by thousands of dollars, research suggests.
Conversely, using other words such as "nice" could cost you money, according to an analysis of U.S. home sales found in the book, "Zillow Talk: The New Rules of Real Estate."
For example, the listing for one Pittsburgh Victorian house listed this month played up its "modern upgrades," from the matching decorative custom plaster ceilings to "the granite and stainless beautiful kitchen." Good thinking, Zillow's research suggests.
Noting that a home is "upgraded" or "updated" can boost a home's final sales price, according to Zillow's analysis, so how you write a home description is important. The word "granite" alone boosted the sales prices of homes by as much as 4 percent more than expected, Zillow's research found.
The word "stainless" also upped sales prices, especially among lower-cost homes – which sold for 5 percent more on average than expected. The term "remodel" increased sales prices by 1.7 to 2.9 percent more than expected. Small wonder that many local listings use such terms.
Zillow analyzed 24,000 homes sales to determine 15 helpful terms to include in a listing. The real estate marketplace found that listings for lower-priced U.S. homes sold at prices 2.3 percent higher than expected when they used the word "beautiful."
Don't use certain words such as "nice," advises Zillow, which also found nine words that could cost you money. It's ambiguous.
"The buyer is left to interpret what 'nice' means," Zillow states, which may explain why low- and mid-priced home listings with the word “nice” sold for about 1 percent less than expected.
Celebrity Real Estate: Matthew Perry, Shannen Doherty, Tobey Maguire
By Laura Vecsey
Score Another One for Matthew Perry
Former Friends star-turned-real-estate-flipper Matthew Perry has done it again, but at a discount. Perry recently sold his beach house for $10.65 million – a little off the original list price of $13.5 million. Perry bought the 4-bedroom. 6-bathroom, modern wonder known as “Pier House” in 2005 for $6.55 million. With views of the Malibu pier and an open concept that sees the kitchen and living area open onto an ocean-view deck and lap pool, the 5,500-square-foot California beauty is a pretty sweet way to take in the Malibu scene. Perry has bought and sold his share of cool L.A. homes, from the Sunset Strip to the Hollywood Hills.
Hollywood 90210 Star Lists in Another ZIP Code
Shannen Doherty maybe have gone “Off the Map” in her new Great American Country network show, but back in California she’s listed her Malibu home for $2.495 million. With ocean views and a lagoon-style swimming pool, the low-key rambler contains 4 bedrooms, 3 bathrooms and a chillaxing kitchen-living room set up that maximizes a fireplace and views of the Pacific Ocean.
Can Tobey Scale a Sale?
Tobey Maguire is looking to cast off his lovely plantation-style home in Brentwood for $10.25 million – about $2 million more than he paid talk show host Ricki Lake for the 6-bedroom, 5-bath spread. Designed by California architect John Byers in the 1940s, the 6,320-square-foot home includes an upstairs guest suite that overlooks the nearly one-acre property and has a private entrance.