AOL Real Estate - Blog http://realestate.aol.com/blog AOL Real Estate - Blog http://realestate.aol.com/blog/media/feedlogo.gif AOL Real Estate - Blog http://realestate.aol.com/blog en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Ellen DeGeneres and Portia De Rossi's New Mansion (House of the Day)http://realestate.aol.com/blog/2013/05/23/ellen-degeneres-portia-derossi-home/http://realestate.aol.com/blog/2013/05/23/ellen-degeneres-portia-derossi-home/http://realestate.aol.com/blog/2013/05/23/ellen-degeneres-portia-derossi-home/#commentsFiled under: ,,

ellen degeneres portia derossi home in montecito
By Erika Riggs

Ellen DeGeneres is well-known for her sticky trigger finger when it comes to real estate. The comedian and daytime television host goes through properties the way others go through designer shoes -- listing or buying a new property nearly every year.

So it's no surprise to hear a report from TMZ that DeGeneres, along with wife Portia de Rossi, picked up a new property in Montecito, Calif., for $26.5 million -- a gorgeous, bluff-front estate called the Saladino Villa. (UPDATE: 10:26 a.m.by AOL Real Estate, The Huffington Post reports that the property, though listed as in Montecito, is shown on records as having a Santa Barbara address.) Although DeGeneres likes to pick up "projects," admitting to Elle Decor recently that she's always ready to move, this home looks pretty move-in ready.

"Indeed, there's nothing the television star and comedian loves more than designing a house," the article stated, and quoted Los Angeles designer Cliff Fong, who quipped: "Ellen has moved more times than any person I know."

Although the home boasts everything "streamlined and modern for easy living," expect an overhaul of the 1928 home from DeGeneres.

Designed by architect Wallace Frost, the home was redone by designer John Saladino around 2009. Offering six bedrooms, nine fireplaces and seven baths, the home sits on 13 acres with ocean views. The two-parcel property is, of course, incredibly private, with luscious landscaping and gracious indoor and outdoor living areas.

Now that DeGeneres and De Rossi have a new "project" on their hands, will they dump their enormous horse ranch? While it seems that DeGeneres wouldn't mind listing, it's De Rossi, an avid horseback rider, who likely wants to keep the property. But with a feature in Elle Decor, the home may end up on the market regardless. Besides, this new home in Montecito does have room for stables and barns.

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Ellen and Portia Sell Malibu Home a Year After Buying
Drew Barrymore Lists in Montecito
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Ryan Seacrest Buys Ellen DeGeneres's Home for $37M

 

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]]>celebrity homescelebrity real estateellen degeneresellen degeneres homehouse of the dayluxury real estatemontecito real estateportia de rossiZillow2013-05-23T06:00:00 00:00Drew Barrymore Lists Montecito Home for $7.5 Million (House of the Day)http://realestate.aol.com/blog/2013/05/22/drew-barrymore-santa-barbara-home/http://realestate.aol.com/blog/2013/05/22/drew-barrymore-santa-barbara-home/http://realestate.aol.com/blog/2013/05/22/drew-barrymore-santa-barbara-home/#commentsFiled under: ,

Drew Barrymore home in Santa Barbara
By Erika Riggs

Although she walked down the aisle in the backyard, Drew Barrymore's home near Santa Barbara doesn't seem to have too much of a hold on her. The actress has listed the Montecito, Calif., home for $7.5 million just a year after getting married, according to property records and The Real Estalker blog.

Barrymore reportedly bought the home in June 2010 for $5.705 million. The estate is out of the way from the buzz of Hollywood on a secluded 2 acres -- ideal for a quiet, paparazzi-free wedding and starting her family with new husband Will Kopelman.

With a spacious 6,000-square-foot floor plan and six bedrooms, an upgrade in size isn't needed. However with Kopelman from New York, the couple could be considering a move back east. Barrymore also owns another home in Southern California that she bought in 2002.

The "Never Been Kissed" actress' two-story classic was built in 1937 with a long, gravel driveway and a separate guesthouse. Inside, the home is markedly traditional, although Barrymore's quirky nature is apparent in the kitchen, where a sunny yellow table serves as the island and the two fridges are vintage -- one in a bright aqua shade. The grounds feature a long stretch of lawn, as well as a grove of citrus and avocado trees.

The home is listed by Suzanne Perkins of Sotheby's International Realty.

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Inside Drew Barrymore's Intimate Wedding

 

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]]>celebrity homescelebrity homes for salecelebrity real estatedrew barrymoredrew barrymore homeHouse of the Dayluxury real estatesanta barbarasanta barbara real estateZillow2013-05-22T06:00:00 00:00Olivia Newton-John Lists Florida Home for $6.2 Millionhttp://realestate.aol.com/blog/2013/05/21/olivia-newton-john-florida-home/http://realestate.aol.com/blog/2013/05/21/olivia-newton-john-florida-home/http://realestate.aol.com/blog/2013/05/21/olivia-newton-john-florida-home/#commentsFiled under: ,

Olivia Newton John home

By Catherine Sherman

What do you get when you combine a four-time Grammy winner and the founder of Florida's Amazon Herb Company? Cypress tongue-and-groove vaulted ceilings, natural coral stone flooring, custom driftwood cabinetry, bean bag seating and a rainwater harvesting irrigation system.

Olivia Newton-John married John Easterling in 2008 and moved into the $4.1 million plantation-style pad a year later. Now the Florida couple is selling the place for $6.2 million, The Real Estalker reports.

Located in the affluent Jupiter Inlet Colony, the 5,500-square-foot home received several eco-luxury renovations totaling $2 million in 2010. The windows can now withstand hurricane impact, the kitchen is equipped with Sub-Zero stainless steal appliances, and the media room is decked out with a state-of-the-art sound, video, shade and lighting system.

And for those more interested in simple pleasures, a vine-draped lanai, lagoon pool and spa, beach access and dock are steps away. The third-of-an-acre property is situated on the Jupiter Sound Intracoastal Waterway in Palm Beach County, ideal for snorkeling, boating or kayaking.

The "Grease" star decided to remarry at age 60, and her singing career spanning more than four decades is still going strong. This year, the native of England embarked on a tour of the United Kingdom. As a breast cancer survivor, she's also committed to educating and promoting women's health.

We'll see whether Newton-John and Easterling remain Florida beach-bound. Jo Ann Jacobson of Seawind Realty, LLC is the listing agent for the property.

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Stevie Nicks' Old Hollywood Home Asks $1.6 Million
Country Legend George Jones' $8 Million Estate
Ray Lewis Lists Florida Beach Property, Gets Ready for ESPN

Olivia Newton-John Tours UK For First Time in 35 Years


 

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]]>florida real estatejohn easterlingOlivia Newton-Johnolivia newton-john houseZillow2013-05-21T16:30:00 00:00'Dexter' Star Michael C. Hall's Spanish Colonial in LA (House of the Day)http://realestate.aol.com/blog/2013/05/21/dexter-star-michael-c-halls-california-spanish-colonial-hou/http://realestate.aol.com/blog/2013/05/21/dexter-star-michael-c-halls-california-spanish-colonial-hou/http://realestate.aol.com/blog/2013/05/21/dexter-star-michael-c-halls-california-spanish-colonial-hou/#commentsFiled under: ,

Michael C. Hall home in Los Angeles' Los Feliz district

By Catherine Sherman

After living in a home designed by famed Los Angeles architect Hal Levitt, Michael C. Hall's real estate bar must be set high. The actor's latest purchase -- a beautifully restored 1923 Spanish colonial home -- has an upscale kitchen, media room, guest house and green hillside views from almost every window.

Michael C. HallThe "Dexter" star (pictured left) purchased the six-bedroom, six-bath home in L.A.'s Los Feliz neighborhood for $3.825 million, according to property records. It's significantly bigger than Hall's former Hollywood Hills home, which he sold in August 2012 for $1.83 million.

Hall has earned a Golden Globe for his role as Dexter Morgan, a forensic analyst and serial killer, on the hit Showtime drama series, which is set to air its eighth and final season this summer. He's also known for playing David Fisher on "Six Feet Under" in the early 2000s.

Now the actor can look forward to a master suite with wood-beamed ceilings, a private sitting room, view of downtown L.A. and luxurious master bath. A large swimming pool in the backyard with white, plush lounge chairs also provides a place to relax and entertain. The home last sold in May 2012 for $2.09 million. Hall closed the deal for less than the asking price of $3.927 million.

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Michael C. Hall's Hal Levitt-Designed Home Hits the Market
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Michael C. Hall Chats About 'Dexter' and 'Kill Your Darlings' at Sundance!

 

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]]>celebrity real estatedexterLos Feliz Real EstateMichael C. Hallmichael c. hall homeSpanish colonial architectureZillow2013-05-21T06:00:00 00:00Hugh Hefner, Crystal Harris Buy First Matrimonial Home (House of the Day)http://realestate.aol.com/blog/2013/05/17/hugh-hefner-crystal-harris-hollywood-hills-home/http://realestate.aol.com/blog/2013/05/17/hugh-hefner-crystal-harris-hollywood-hills-home/http://realestate.aol.com/blog/2013/05/17/hugh-hefner-crystal-harris-hollywood-hills-home/#commentsFiled under: ,,

Hollywood Hills home of Hugh Hefner, Crystal Harris

By Catherine Sherman

Newlyweds Hugh Hefner and Crystal Harris may need to set a price limit for exchanging gifts. Shortly after Harris made her husband a homemade gift for his 87th birthday, the Playboy magazine founder dropped $4.995 million on a Hollywood Hills mansion for the 27-year-old Playmate. The couple finally tied the knot in January. They'd been engaged for awhile, but Harris called off the wedding in 2011. Now the newlyweds have sealed the deal with their first real estate purchase. According to TMZ, Harris is a co-owner of the property. (UPDATE: 10:20 a.m. EDT by AOL Real Estate -- The Huffington Post, meanwhile, reports that the title is in the name of Crystal Harris' mother.)

The modern manse is constructed in a decidedly different style than the traditional and Tudor-esque architecture of the Playboy Mansion. The 5,917-square-foot home was built in 2011 with several modern amenities, as well as a view of the city lights. A gated entrance leads into a contemporary kitchen and up a floating wood staircase into a luxurious master bedroom and bath. Outside, a white-glass infinity pool and deck provide secluded relaxation while sliding doors out front provide open-air living space.

Hefner has lived in the famous Playboy Mansion for several years, but it may come as a surprise that the millionaire doesn't own it. According to details of the lease, filed with the SEC as an appendix to his employment agreement, Hefner pays rent for the 29-room house. With the "Bunny Hutch" (across the street from Hefner's not-so-humble abode) recently listed for $11 million, time will tell whether Hefner decides to make the Hollywood Hills home his primary residence.

Find homes for sale in Los Angeles, or search listings in your area.

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See more on Zillow:
Anna Faris & Chris Pratt Upgrade to Hollywood Hills Home
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Crystal Harris Married Hugh Hefner So She Couldn't Be Replaced

 

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]]>crystal harrishollywood hillshouse of the dayhugh hefnerhugh hefner crystal harris homelos angeles real estateplayboyZillow2013-05-17T06:00:00 00:00Anna Faris, Chris Pratt's $3.3 Million Hollywood Hills Home (House of the Day)http://realestate.aol.com/blog/2013/05/16/anna-faris-chris-pratts-3-3-million-hollywood-hills-home-hou/http://realestate.aol.com/blog/2013/05/16/anna-faris-chris-pratts-3-3-million-hollywood-hills-home-hou/http://realestate.aol.com/blog/2013/05/16/anna-faris-chris-pratts-3-3-million-hollywood-hills-home-hou/#commentsFiled under: ,,

Anna Faris, Chris Pratt home, Los Angeles
By Erika Riggs

Although both grew up in Washington, Anna Faris and Chris Pratt have traded the evergreen state for the ever-sunshine of Hollywood. The actors recently spent $3.3 million on a Hollywood Hills home, previously owned by Live Nation CEO Michael Rapino, according to The Real Estalker.

Anna Faris, Chris PrattBoth Faris and Pratt are well known for their comedic roles -- Pratt in "Parks and Recreation" and Faris in the "Scary Movie" franchise and "What's Your Number" -- but they were serious about snagging their new home in Los Angeles.

Property records show that the couple paid $3.3 million for the estate -- $325,000 over the last asking price of $2.975 million.

The two seemed to think the home was worth the extra amount, and it's easy to see why. The property is nestled above Nichols Canyon and sits on over half an acre. Described as an "ultra-private gated compound," the home has lush landscaping, giving it the quality of a villa. Other exterior amenities include a gym and tennis court, saltwater pool, motor court leading to three-car garage, and a built-in barbecue area.

Inside, the home spans 4,710 square feet, with four beds and 3.5 baths. Starting with a turret entry, the home's living spaces contain vaulted ceilings and open windows.

As Faris and Pratt's careers in Hollywood ramp up, so does attention from paparazzi. Therefore, not only is their new home private; it's also wired for a full security system.

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See more Houses of the Day on AOL Real Estate.

Got a tip for House of the Day? Know of an exceptional or unusual property currently listed for sale? Please email krisanne.alcantara@huffingtonpost.com with your suggestions and be sure to include links to listing details and photos. (Due to the volume of response, we unfortunately are unable to reply to each submission.)

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]]>anna farisanna faris homecelebrity real estateChris PrattHollywood real estateZillow2013-05-16T06:00:00 00:00Jennifer Lopez Reportedly Buys $10 Million Hamptons Mansionhttp://realestate.aol.com/blog/2013/05/15/jennifer-lopez-reportedly-buys-10-million-hamptons-mansion/http://realestate.aol.com/blog/2013/05/15/jennifer-lopez-reportedly-buys-10-million-hamptons-mansion/http://realestate.aol.com/blog/2013/05/15/jennifer-lopez-reportedly-buys-10-million-hamptons-mansion/#commentsFiled under: ,


By Erika Riggs

Jennifer Lopez might just be "Jenny from the Block," but her newest block might be a stretch of three acres in exclusive Water Mill, N.Y.

Jennifer LopezAccording to the New York Post, Lopez has toured the estate several times with her twins and current boyfriend, 25-year-old Casper Smart. Lopez reportedly paid $10 million for the home, which previously demanded $425,000 as a summer rental. Lopez has been looking for a Hamptons-area estate for years; previously there were rumors that she picked one up back in 2011, shortly after her divorce to Marc Anthony.

The singer and actress' new place is not only luxe -- a must-have for someone who brought in $52 million last year and is ranked above Oprah on Forbes' Most Powerful List -- but also incredibly private. Situated on its own cul-de-sac, the updated but classic estate is made up of two lots, with room for plenty of celebrity musts, like guesthouses and tennis courts.

Built in 2004, the eight-bed, 4.5-bath mansion measures 8,500 square feet. The landscaped grounds include a large pool, patio area and plenty of hedges to keep paparrazi at bay.

Lopez hasn't purchased a home in quite some time. The entertainer still owns an enormous spread near Los Angeles -- in Hidden Hills, Calif. -- that she purchased with Anthony in 2010, as well as two homes in Glen Head, N.Y. The star previously owned a waterfront estate in Miami Beach and another home in Beverly Hills.

Coincidentally, Anthony also bought a home this week -- but on the other coast. His new home is in Encino, Calif., and he spent about $2.5 million on it.

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Jennifer Lopez' Former Miami Beach Home on the Market
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Jennifer Lopez Reveals Her Unique Parenting Style

 

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]]>Casper Smartcasper smart jennifer lopezcelebrity homescelebrity real estatehamptonshamptons real estatejennifer lopez homeZillow2013-05-15T12:58:00 00:00DIY Kitchen Remodels for Investment Propertieshttp://realestate.aol.com/blog/2013/05/14/diy-kitchen-remodels-for-investment-properties/http://realestate.aol.com/blog/2013/05/14/diy-kitchen-remodels-for-investment-properties/http://realestate.aol.com/blog/2013/05/14/diy-kitchen-remodels-for-investment-properties/#commentsFiled under: ,,,



By ProfessorBaron.com

If you are an investor who is buying rental properties, are a do-it-yourself type or want to renovate your kitchen, there are many things you can do to reduce your costs on doing some updating. Note that most renovations run way over budget and encounter issues, regardless of where DIY, semi-DIY, or having a contractor do the job. Make sure you estimate plenty of contingency funds for those guaranteed cost overruns.

Also, be cautious about spending a lot of money on kitchen renovations. While any property renovation will add value to the property, it's unlikely to add as much value as it costs. For example, if you spend $20,000 on a kitchen, it might only add $12,000 in value. Finally, again be cautious on how much you spend as it probably won't dramatically increase your rental amount, but it probably will increase the length of time that your tenants stay at the property, and smart landlords love long-term tenants.

Some fixer-upper options:

Cabinets - If the cabinets are in good shape, but old and gray, a fresh coat of paint from a skilled painter can add a world of life to the kitchen. But the painter needs to take the cabinets off, sand them lightly, brush paint them with the proper type of brush and paint, and re-install them. And of course sand and paint the cabinet exterior fascias too! A nice job of painting on an average kitchen probably runs $750 - $1,000 if done right. And don't forget to paint the inside and bottoms!

You can also put new hinges onto the cabinet doors if they are the ones that show on the exterior of the cabinet when the door is closed. Word of caution: If the existing holes don't match the new hinges, it can end up being a big headache and probably won't be worthwhile. Brushed nickel hinges are $2-$4/hinge.

And new handles on those cabinets are a must. You can buy the 20/30 packs of brushed nickel handles at the home renovation stores. They're about $2-$3 per handle and look great.
If the cabinets are past their useful life, you can check into cabinet re-facing or cabinet replacing - both are expensive options. If you are going to replace them, make sure to look at the in-stock and "special order" cabinets available at the stores, before you jump into custom-made cabinets. If you are going to re-face or replace, make sure to get several bids for the work.

Countertop - If you are going to keep the cabinets, a new countertop will be a big help. But, if you're not ready to replace the cabinets just yet, wait on the countertop, too. Countertops can run $15-$65 per square foot. I like the giant granite squares that can be found at your home renovation store. They are installed at 18 inches wide and 24 inches deep, so they're much better than the 12 inch by 12 inch standard granite square tiles. Cost of these installed is probably $22-$30 per square foot; granite is $10-$15 per square foot. Note: Use dark grout for rentals! You can also buy brand-new laminate counter tops, which are less expensive and easy to do.

Sink/faucet - If you are replacing the countertop, it's time to do the sink and faucet! Most home repair stores offer a stainless sink and faucet combination for about $200-$300. Make sure you buy the "combo pack."

Flooring - Flooring really should be tile (which isn't cheap) or linoleum - which doesn't last that long. It's essential to use dark grout for tile in rental floors, and a tougher grade of linoleum is best if you go that route. Skip the carpets or wood laminate flooring for any kitchen/bathroom floors.

Appliances - If you need to replace the appliances, go with moderate grade appliances. Most appliances will last a long time. I've bought many properties with 20-year old appliances working fine, but they look terrible and could be energy inefficient, so I replaced them.

Lighting - Kitchen lighting can be easily updated from an extensive selection at the home improvement stores. They're usually easy to install. Check out the ones with low energy bulbs.

Water/Electrical - If the property is older, it's probably a good time to bring in the plumber and electrician. Change out old water valves and update the kitchen switches and electrical outlets to new GFCI circuits for water-related safety.

All the items above cost money whether you DIY the job or semi-DIY it. But an updated kitchen will help in the most important goal in rental property ownership, which is to keep your tenants as long as possible. Just like you, your tenants want to live in a nice place too and a nice kitchen will inspire them to stay a long time!

More on Zillow:
What's the Best Way to Earn Wealth in Real Estate?
Rental Property Investing 101
Rental Homes: Making More Money by Keeping Your Tenants Happy

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]]>DIYDIY kitchenDIY kitchen remodeldo it yourselfdo it yourself helphome improvementhome remodelingkitchen renovationZillow2013-05-14T13:00:00 00:00NASCAR Driver Jeff Gordon Selling NYC Apartment for $30 Million (House of the Day)http://realestate.aol.com/blog/2013/05/14/nascar-jeff-gordon-nyc-apartment/http://realestate.aol.com/blog/2013/05/14/nascar-jeff-gordon-nyc-apartment/http://realestate.aol.com/blog/2013/05/14/nascar-jeff-gordon-nyc-apartment/#commentsFiled under: ,,

Jeff Gordon's New York apartment

By Laura Vecsey

Here's one New York City apartment that's definitely not the pits. In fact, listed for sale at $30 million, one thing's abundantly clear about this grandly located and luxuriously appointed apartment: owner Jeff Gordon has done more than fine during his years of NASCAR racing and hanging in its famous pits. With more than $129 million in career earnings, Gordon is NASCAR's all-time earnings leader. And this apartment puts the lead in high-octane living.

Jeff GordonThe race-car driver, who just competed in the 700th race of his career, bought the three-bedroom, 3.5-bathroom residence at the exclusive House section of 15 Central Park West back in 2007, just after marrying his second wife. The couple then turned Apartment 7C -- what was essentially a shell -- into a palace thanks to what the listing agent called "a painstaking, no-expense-spared renovation [that] has ensured that every detail of this 3,454-square-foot home exudes modern elegance and comfort."

If it seems incongruent for a NASCAR star to not only own a prestigious Upper West Side residence but also to have had the vision to invest and create such a luxurious ambiance, Gordon has long had a passion for the Big Apple. "I love that there are certain times that I'll get recognized, and it's kind of surprising and fun. But I can walk down the street most of the time and not be recognized, and I enjoy that, too," Gordon told the amNewYork newspaper three years ago.

Now, however, the 42-year-old father of two has decided that the New York real estate market for high-end properties is hot enough again to try and make a deal. The Gordons built a massive custom home in Charlotte, N.C., where the family has lived since 2010 when they aren't globetrotting with ski trips to Aspen and sightseeing in Belgium.

As for what Jeff Gordon is willing to leave behind in his former adopted hometown, it's top-of-the-line exquisite, including:

o. Spectacular Central Park and city views
o. Top-of-the-line appointments
o. Entry foyer graced by 6-foot' Santos Mahogany floors with solid brass in-laid edging
o. Open living/dining room that showcases direct east-facing Central Park views from a wall of oversized windows spanning over 46 feet
o. A flamed absolute black granite sushi bar with a blackened steel countertop, wine fridge and mini bar is cleverly concealed behind American walnut diving fins adorned with patinaed brass inserts
o. Chic eat-in chef's kitchen, highlighted with plate steel-like Italian ceramic tile flooring, flamed absolute black granite counters and Miele/ Wolf/ Sub-Zero appliances
o. A discreet private home office
o. A large master suite that measures over 740 square feet, with a separate dressing room, 2 walk-in closets and a luxurious ensuite limestone bath with Boffi soaking tub.

And if $30 million still sounds like a lot of cash for the apartment, consider the amenities that come from living in one of New York's most coveted addresses. Designed by famed architect and historian Robert A.M. Stern, 15 Central Park West is close to Time Warner Center, Lincoln Center, the Theater District, and some of the world's best shopping on Fifth Avenue and Madison Avenue. The building is fully staffed and pet friendly with a landscaped motor court, garage, 14,000-sq. ft. fitness center with a 75-foot sky-lit lap pool, spa and sauna/steam rooms, screening room for 20 guests, private restaurant and catering, private wine rooms, library, business center, 1,400-sf meeting space, game room, outdoor terrace, and children's playroom.

See the listing for more details.

Find more homes for sale in New York City, or search listings in your area.

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Workout Guru Jillian Michaels Lists, Then Withdraws Home from Market
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]]>House of the DayJeff GordonJeff Gordon NYC apartmentNASCARNew York City homes for saleNew York City real estateZillow2013-05-14T06:00:00 00:0010 Mortgage Misconceptionshttp://realestate.aol.com/blog/2013/05/13/mortgage-misconceptions/http://realestate.aol.com/blog/2013/05/13/mortgage-misconceptions/http://realestate.aol.com/blog/2013/05/13/mortgage-misconceptions/#commentsFiled under: ,,

mortgage agreement

By Alison Paoli

Mortgages are tricky and often hard to understand. Because most people only purchase a home every five to seven years, prospective homebuyers understandably don't spend a lot of time in the interim educating themselves about mortgages and the mortgage process.

With the real estate market picking up and mortgage rates prime for refinancing, Zillow has compiled a list of common mortgage misconceptions based off the results of the just released 2013 Mortgage IQ Survey.

Misconception No. 1: Your interest rate reflects the true cost of your mortgage. Your annual percentage rate is actually the figure that represents the true cost of your mortgage. It is inclusive of your interest rate, points, mortgage insurance (when applicable) and other fees, including origination and underwriting fees. It does not include the cost of your homeowners insurance policy. The APR is typically higher than your interest rate because it incorporates the rate and the fees. In fact, when shopping for a mortgage, it is best to compare loans based on APR instead of the interest rate because it gives a better sense of the total cost over the life of the loan.

Misconception No. 2: Mortgage rates are only released once per day. Mortgage rates for all types of mortgages can change frequently, sometimes dramatically, throughout the day. Because of the rapid changes in mortgage rates and a lender's ability to control what is offered, it is important to shop around for the best rates. Getting multiple loan quotes is highly recommended.

Misconception No. 3: All lenders are required by law to charge the same fees for appraisals and credit reports. There are no laws that require lenders to charge the same fees for services such as appraisals or credit reports. In fact, in order to make their loan quotes more competitive, some lenders may waive charges for such services. Conversely, some lenders may charge higher fees for these services, so it's important to shop around.

Misconception No. 4: I must get my mortgage through the same lender I was pre-approved with. A pre-approval is a conditional agreement that estimates the size of the home loan a lender would fund for you. It typically involves income verification and a credit check. However, you are under no obligation to proceed with the lender that gave you the pre-approval. Make sure you get at least three loan quotes before proceeding with a mortgage.

Misconception No. 5: You will almost always get the best mortgage interest rates at the bank where you have a checking account. While some banks do give their customers discounts, it's unlikely your bank will offer the best interest rate available simply because you bank there. To get a competitive mortgage rate and terms, get quotes from multiple lenders either in person or online - including your bank - and pick the one that works best for you.

Misconception No. 6: When taking out a mortgage with your spouse, lenders will look at each of your credit reports equally when determining the interest rate you qualify for. When applying jointly for a mortgage, lenders will pull your credit scores from each of the three major credit reporting agencies: Experian, Equifax and TransUnion. They'll then take the middle score of each set and use the lower of the two to help determine your mortgage interest rate. This means that the least creditworthy borrower will have the greatest effect on your monthly payment. It does not matter who the primary or secondary borrowers are.

Misconception No. 7: You cannot get a home loan with less than a 5 percent down payment. It is a common misconception that you need to put down 10 percent, 15 percent or even 20 percent on a home, especially in light of the recent housing crash. But with as little as 3.5 percent down, you can often obtain a mortgage through the Federal Housing Administration (FHA). FHA loans have become a popular loan option for those who may not have a large down payment or have blemishes in their credit history. FHA loans are available to everyone, not just first-time home buyers. (Find out more about the advantages and disadvantages of an FHA loan here.)

There are also alternative loan programs through other agencies, including the Department of Veterans Affairs (VA) and the United States Department of Agriculture (USDA). These loans also require little-to-no money down.

Misconception No. 8: If you go through a short sale or foreclosure, you must wait 7 years before getting another home loan. In most cases, to buy a home after a short sale, you'll typically only need to wait 2-4 years depending on your down payment and the loan type you select. The waiting period after a foreclosure is longer: Typically you'll need to wait 3-7 years before getting another home loan. Even if you can afford to get a mortgage right now, you'll need to have a good credit score, which can be difficult to rebuild in just a few years. Unique circumstances can lead to different outcomes, so make sure to check with a lender or two.

Misconception No. 9: If you are underwater on your home loan, you are unable to refinance. It is estimated that millions of homeowners who are underwater and current on their mortgage can refinance using one of two special government programs. The first, the Home Affordable Refinance Program (HARP), is available to homeowners who have a loan backed by Fannie Mae or Freddie Mac. The second program, FHA Streamline Refinance, has recently been modified to help homeowners with loans insured by the Federal Housing Administration (FHA). Both programs help homeowners refinance into lower interest rate loans and may help dramatically lower payments without very much cost to the borrower. Zillow Mortgage Marketplace is the only online mortgage marketplace where you can get loan quotes for HARP and FHA Streamline. As an added bonus, it is the largest mortgage marketplace where you can anonymously get loan quotes, meaning you don't enter any personally identifiable information and therefore cannot get spammed and hounded by lenders who were sold you contact information. See if you may qualify.

Misconception No. 10: You can only refinance your home loan once every 12 months. With conforming loans backed by Fannie Mae or Freddie Mac (the vast majority of loans today), you can refinance as frequently as you'd like so long as you do not take cash out when you refinance and are just refinancing to lower the interest rate and/or term of your mortgage. The rule of thumb is to wait until the difference between your current interest rate and the available interest rate would save you enough money each month to cover the costs of refinancing in two years. The amount of time that you plan on being in the home should be considered, as well. In general, refinancing will be more financially beneficial the longer you are in the home. Use the refinance calculator to determine how long it will take to break even on the costs of refinancing.

If any of the misconceptions had your name written all over it, visit the Zillow Mortgage Marketplace Help Center, where you can brush up on everything mortgage before you refinance or purchase your next home. You can also take the Mortgage IQ Quiz for yourself, or send it to a friend who is in the market; they'll thank you.

See more on Zillow:
HARP Extended Through 2015
What to Expect When Refinancing
Mortgage Financing: Loan Products 101

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Understanding Mortgages

 

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]]>annual percentage ratehome buyershome buyinghome loansmortgagemortgage misconceptionsmortgage mistakemortgage mistakesmortgage ratesmortgagesZillow2013-05-13T11:30:00 00:00Breckin Meyer Lists Beverly Hills Family Home (House of the Day)http://realestate.aol.com/blog/2013/05/13/breckin-meyer-lists-beverly-hills-family-home-house-of-the-day/http://realestate.aol.com/blog/2013/05/13/breckin-meyer-lists-beverly-hills-family-home-house-of-the-day/http://realestate.aol.com/blog/2013/05/13/breckin-meyer-lists-beverly-hills-family-home-house-of-the-day/#commentsFiled under: ,,

2220 Bowmont Drive, Beverly Hills, Calif.
By Catherine Sherman

Breckin Meyer made his "Escape from L.A." on screen in '96. Now the actor, writer and producer is potentially escaping Beverly Hills, parting ways with his longtime residence, located at 2220 Bowmont Drive, Beverly Hills, Calif.

Listed for $2.995 million, the 1936-built home has wood-beamed, vaulted ceilings, a Bohemian-inspired living room and a vine-covered pergola in the backyard. The master bedroom also features a secluded roof terrace and a newly renovated modern bathroom.

Meyer and his wife Deborah Kaplan moved into the four-bedroom house in September 2003, just three months before the birth of their daughter. Last fall, the couple announced plans to divorce after being separated for some time.

It will be interesting to see if the "Franklin & Bash" actor stays in the coveted 90210. Meyer has lived in Beverly Hills for most of his life, attending elementary school with Drew Barrymore, and a local high school.

The actor is returning as Elmo "Jared" Franklin in the third season of the hit TNT series this June. He's also been busy creating the second season of TBS' "Men at Work," which premiered on April 4.

Meyer and Kaplan bought the Beverly Glen home for $1.875 million in 2003. Their current asking price is 96.5 percent more expensive than the median-priced home in the area, but 6.3 percent less per square foot.

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See More on Zillow:
Billy Bob Thornton Moves From Beverly Hills to Brentwood
Adele's Beverly Hills Rental Seeks a Buyer to Continue Long A-List Legacy
Madonna Lists Beverly Hills Home for $22.5 Million

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Mark-Paul Gosselaar and Breckin Meyer Talk About Their Show Franklin & Bash

 

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]]>Breckin Meyerbreckin meyer homecelebrity real estateDeborah KaplanZillow2013-05-13T06:00:00 00:005 Homes Jay Gatsby Would Lovehttp://realestate.aol.com/blog/2013/05/10/five-homes-jay-gatsby-would-love/http://realestate.aol.com/blog/2013/05/10/five-homes-jay-gatsby-would-love/http://realestate.aol.com/blog/2013/05/10/five-homes-jay-gatsby-would-love/#commentsFiled under: ,,


125 Northgate St., Woodside Calif.
By Catherine Sherman

"It was a factual imitation of some Hotel de Ville in Normandy, with a tower on one side spanking new under a thin beard of raw ivy, and a marble swimming pool and more than forty acres of lawn and garden. It was Gatsby's mansion."

These familiar words from F. Scott Fitzgerald's The Great Gatsby are coming to life on the big screen this Friday. While the highly anticipated movie was filmed on the coast of Australia, Fitzgerald's inspiration for Jay Gatsby's home has long been debated.

Where would the mysterious Gatsby host his lavish Jazz Age parties today? We've rounded up a few top contenders currently on the market.

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See more homes linked to F. Scott Fitzgerald:
Where Gatsby Wooed Daisy?
F. Scott Fitzgerald's Historic Home in Baltimore

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What It Would Cost to Live Like 'The Great Gatsby' Today




 

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]]>great gatsby homegreat gatsby moviehomes for saleluxury real estatethe great gatsbyZillow2013-05-10T15:56:00 00:00'Biggest Loser' Trainer Jillian Michaels Lists LA Home (House of the Day)http://realestate.aol.com/blog/2013/05/10/the-biggest-loser-trainer-jillian-michaels-lists-l-a-home-ho/http://realestate.aol.com/blog/2013/05/10/the-biggest-loser-trainer-jillian-michaels-lists-l-a-home-ho/http://realestate.aol.com/blog/2013/05/10/the-biggest-loser-trainer-jillian-michaels-lists-l-a-home-ho/#commentsFiled under: ,,

Jillian Michaels home, Los Angeles
By Erika Riggs

For sale: a home literally built on sweat and difficult workouts. Jillian Michaels, the raspy-voiced trainer who built a fitness empire through workout books, videos and starring on NBC's "The Biggest Loser," just listed her house for $2.45 million.

Jillian MichaelsThe listing doesn't include an indoor gym in the description, but with an open floor plan and well-landscaped yard, the house certainly has plenty of space for Michaels to hone her nationally-acclaimed weight-loss techniques.

According to property records, Michaels bought the home, located at 2180 Groveland Dr, Los Angeles, Calif. 90046, for $1.565 million in 2008. Measuring 2,701 square feet with 3 beds and 4 baths, the property has the kind of modern amenities you would expect in a celeb home: a security system with cameras, a pre-wired sound system and a modern kitchen with sleek marble counters.

While Michaels also owns another home -- a two-bedroom she picked up in 2005 -- it's unclear which has been her primary residence. Michaels and her partner, Heidi Rhoades, have two children, but both houses may be on the smaller side for raising their family of four.

With Michaels' continued success as a fitness guru -- both on TV and through her books -- she won't have a problem picking up a new, bigger home. Of course, it will require her staying in one place long enough to do some house shopping, which may be hard in between stops on her "Maximize Your Life" tour.

More on Zillow:
Reese Witherspoon is Girl Next Door with Third Brentwood Home Purchase
David Hasselhoff Sells Longtime Home
'Ozzie and Harriet' House - Also Featured on 'Entourage' - for Sale

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Stop Sabotaging Yourself, from Jillian Michaels

 

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]]>biggest losercelebrity homescelebrity homes for salecelebrity real estateJillian michaelsjillian michaels homelos angeles real estateThe Biggest LoserZillow2013-05-10T06:00:00 00:00Eclectic LA Estate Has Sushi Bar, Fire Station and Aviary (House of the Day)http://realestate.aol.com/blog/2013/05/09/24-5-million-la-estate-has-sushi-bar-private-fire-department-a/http://realestate.aol.com/blog/2013/05/09/24-5-million-la-estate-has-sushi-bar-private-fire-department-a/http://realestate.aol.com/blog/2013/05/09/24-5-million-la-estate-has-sushi-bar-private-fire-department-a/#commentsFiled under: ,

Marmont Manor, Hollywood Hills
Mauricio Umansky has held the listing for Michael Jackson's final home, sold Lisa Vanderpump's massive mansion as well as the Wehba Mansion for $34.5 million. So when he says that he's never seen a property quite like Marmont Manor, you know the home must be unusual.

"This is the coolest property I've been at, from a 'cool factor' in terms of features," said Umansky, co-founder and CEO of The Agency. He holds the listing, priced at $24.5 million, along with Paul Lester, Jeeb O'Reilly and Deedee Howard, also of The Agency. Starting off, the home sits on 3 acres of flat land, which is incredibly hard to find -- especially in the Hollywood Hills.

"It's amazing at its core -- the land and the views -- and everything else goes from there," Umansky said.

Marmont Manor is owned by the estate of the late William Tilley, CEO of the Jacmar food distribution company and an investor in the Shakey's Pizza and BJ's Restaurant chains. Tilley passed away earlier this year, and his wife decided to list the home for sale.

Tilley's residence is more compound than home. Spanning seven buildings, the property includes a Tudor-style main home, built in the 1930s, as well as a caretaker's cottage, carriage house, two-story aviary and a pool pagoda with a restaurant-style kitchen, sushi bar and teppanyaki station. The property also has its own fire station, which is recognized by the Los Angeles County Fire Department.

The entire property is set up to be walkable, with trails leading from the pool area and grand pagoda to the aviary -- which currently holds Lady Amhersts, goldens, scarlets and doves -- and down to the fully stocked lake.

A car collector with several Ferraris, Tilley also built an eight-car garage. Three dog houses that mirror the architectural style of the main home round out the estate.

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More on Zillow:
Manhattan's Most Expensive Home Officially Hits the Market at $125 Million
Bob Hope's Iconic John Lautner Home for Sale
Home Once Owned by William Randolph Hearst Listed as Rental

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L.A. Estate Near Chateau Marmont Asks $24.5M

 

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]]>california real estatelos angeles real estatemarmont manormauricio umanskyMauricio Umansky The AgencyZillow2013-05-09T06:00:00 00:00Remodeling? Avoid These Costly Mistakeshttp://realestate.aol.com/blog/2013/05/08/remodeling-avoid-these-costly-mistakes/http://realestate.aol.com/blog/2013/05/08/remodeling-avoid-these-costly-mistakes/http://realestate.aol.com/blog/2013/05/08/remodeling-avoid-these-costly-mistakes/#commentsFiled under: ,

plumbing parts and blueprint
By Vera Gibbons

While many Americans are ready to take on remodeling/renovation projects this spring, doing it the wrong way can be costly. Some errors to avoid:

1. Not knowing exactly what you want. If you don't know exactly what you want or specify what you want, you're going to get what the contractor thinks you want. And it could end up costing you dearly! For home remodeling design ideas, inspiration and a whole lot more (including cost estimates), check out Zillow Digs (free on the iPad or the Web). You can search by style, cost or room. And what's really cool is that you can search by specific elements within a room, such as quartz or granite countertops, for example. Share your boards with your contractor so that you're clear on your objectives.

2. Hiring the first contractor who comes along. Sure, he may seem nice, and he may seem competent, but have you checked him out? What do your friends say about him? Have you contacted his references? Seen his work? Are there any complaints lodged against him? (P.S.: The Better Business Bureau just released its top 10 list of inquiries from consumers, and half relate to home improvement.) What do subcontractors and suppliers have to say about their dealings with him? Is he licensed and insured? As excited as you may be about taking on this new project, you need to do a fair amount of due diligence.

3. Jumping at the lowest bid. Get at least three bids, and throw out the lowest one so as to avoid the inevitable consequence: cheap materials, shoddy installation, etc. Don't invite trouble in! Rather, hire someone who not only comes in within target, price-wise, but is someone you feel personally comfortable with.

4. Not insisting on a written contract. Every detail about your project should be included in a contract, from the start date to the approximate completion date, right down to the brand of fixtures to the number of coats of paint. Be as specific as possible! Also important: setting a time limit for fixing defects so that if a dispute arises, it's not endless.

5. Not setting a payment schedule. How you pay a contractor is almost as important as how much. Spell out the payment schedule in the contract, beginning with the amount to be paid upfront (which should be no more than 30 percent). Periodic payments after the work starts should correspond to completed segments of the project. And the best way to ensure that work gets done when and how you want it? Leave a significant sum (at least 10 percent) to be paid only when the job is completed to your satisfaction.

See more on Zillow:
Why You Need to Get 3 Bids for Your Home Improvement Project
5 Considerations for Finding a Roofing Contractor
5 Home 'Upgrades' You Should Avoid

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The Top 10 Mistakes When Hiring a Contractor

 

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]]>diyDIY mistakesDIY tipshome improvementhome improvementsremodelingremodeling mistakesremodeling tipsZillow2013-05-08T11:37:00 00:00How to Buy and Sell a Home at the Same Timehttp://realestate.aol.com/blog/2013/05/06/how-to-buy-and-sell-a-home-at-the-same-time/http://realestate.aol.com/blog/2013/05/06/how-to-buy-and-sell-a-home-at-the-same-time/http://realestate.aol.com/blog/2013/05/06/how-to-buy-and-sell-a-home-at-the-same-time/#commentsFiled under: ,,

buy and sell simultaneously chart

By Brendan Desimone

Now that the real estate market is picking up again, many people are looking to sell their homes at last. But when you sell, you have to move somewhere -- which usually means buying another home. Buying and selling at the same time brings up a whole new set of challenges, but those who plan well in advance can make it happen smoothly. Here are five ways to successfully buy and sell a home at the same time.

1. Prepare to be stressed. Buying a home is stressful. Selling a home is stressful. When you do both at the same time, the experience is super stressful, not to mention emotional and difficult on many levels. You're potentially carrying two mortgages or trying to time the purchase with the sale. There will be a lot of sleepless nights, worrying over finances and pressure to make a decision. It's enough to ignite a family war.

Accepting upfront that this process will be extremely stressful will help in the long run. Know that most homeowners go through this, and there is success at the end of the long, dark tunnel. Plan everything as much as possible in advance. Do your homework. And take care of yourself. You're going to be busier than usual.

2. Meet with your agent early on. Owners often believe their home is worth less than what the current market will bear. That's why it's important to meet with your real estate agent early on, even months before you plan to buy or sell. Researching online valuation tools or doing basic research will help to guide you. But a local agent will help you understand your home's true current market value and marketability. A good agent is in the trenches daily and knows your neighborhood and market inside and out.

3. Learn the market where you want to purchase. After getting some hard numbers for your home's sale you need to do the same on the purchase side. What's on your wish list? What are your priorities? Determine your needs and understand what you will get for your money on the purchase side. You need to know this to factor in how financing will work with the buy/sell. Also, understand that market. Is it more or less competitive than where you live now? How long can you expect to search for a home? This will factor into your sale timing. If you're moving within the city or town where you live, your listing agent will likely serve as your buying agent. If you're moving just outside your area, you may need to ask your agent to refer you to an agent knowledgeable about that area.

4. Know your numbers. Once you understand the numbers on both the purchase and the sale, you need to know your financing options. Many people today don't have a strong-enough financial foundation to purchase another home before selling their own, so knowing this upfront can help you plan more appropriately.

Engage a local mortgage broker or lender and understand what kind of down payment you'll need to make a purchase, given the price point and type of home you seek to buy. How much equity do you have in your current home, and is the equity available? Do you have enough of a down payment liquid and would a lender allow you to make the purchase before selling the home? Find out by going through the loan pre-approval process. A good, local mortgage professional is as valuable as a good real estate agent.

5. Make a plan. Now that you know your numbers, it's time to come up with a plan and execute. The plan can vary greatly, depending upon any number of conditions. Some examples: Buying in a competitive market? Adding a contingency that your current home must sell before you buy probably won't work.

o. Selling in a competitive market? You may be able to negotiate with the buyer for a longer escrow or even a rent back. This would buy you time on the purchase side.
o. Selling in a slow market and buying in a competitive market? Need the sales proceeds in order to do the purchase? Unfortunately, you're in the worst-case scenario. Consider the option of selling your home first and moving into temporary housing. While not the most physically convenient, it could be less stressful.
o. Need temporary housing? Start researching those options now well in advance

Understanding the variables: There are so many variables that can come into play when buying or selling. Each one may affect your decision-making process. Identifying and planning for the variables as much as possible early on will help you avoid sleepless nights, stressful days, or fights with your spouse or partner.

See more on Zillow:
Superhero Actor Chris Evans Wins Bidding War on Hollywood Home
Real Estate Q&A: 1031 Tax-Deffered Exchanges and Renters Insurance Coverage
'Baywatch' Days Remembered as David Hasselhoff Sells Home

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First Impressions Sell Homes

 

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]]>buying a homebuying a housebuying and sellinghomebuyershomebuyingsell a homeselling a homespring buying seasonspring buysZillow2013-05-06T14:50:00 00:00Rental Perks You Might Get -- If You Askhttp://realestate.aol.com/blog/2013/05/01/rental-perks/http://realestate.aol.com/blog/2013/05/01/rental-perks/http://realestate.aol.com/blog/2013/05/01/rental-perks/#commentsFiled under: ,

perks can come with a rental lease agreementBy Doug Mack for MyFirstApartment.com

Most apartments will never come with the same perks as hotels. No room service. No wake-up calls. No daily housekeeping. No fancy soap in the bathroom or mint on your pillow. But while your typical apartment lacks these instant-gratification niceties, many come with at least one or two alluring perks of their own. A yard, rooftop deck or other outdoor space for hanging out. A pool or fitness room. On-site laundry (or even that elusive, magnificent find: free on-site laundry). Most of these amenities are well-advertised as part of the landlord's sales pitch. Other perks, for various reasons, aren't offered, and you have to ask for them. There's no guarantee your landlord will say yes to any of these extras, but it's worth making the inquiry.

Parking and storage: In all buildings, particularly in big cities, space is at a premium. Income-generating use (that is, rentable space) typically gets priority over everything else -- hence the tiny studio apartment wedged into the basement corner, just past the mechanical room. Even in these buildings, though, there may well be a parking spot or two in back, or a storage room down a dank hallway. If they exist, however, there's probably not enough space for everyone in the building. So how can you grab one of the spots? It may be as simple as just asking. You may have to settle for putting your name on a waiting list, or you may have to pay a nominal additional monthly fee, but at least you'll end up with more options than you had otherwise.

Permission to have pets: You've found your dream apartment, and the price is perfect, too. But the fine print of your lease bars your four-legged companion from living there. Bummer. Don't walk away quite yet. As with all the lease terms, it's worth asking the landlord directly if there's any flexibility. Sometimes, especially if you're dealing with a landlord who owns just one or two properties, the lease may be all boilerplate that even the landlord doesn't wholly understand (and didn't draft). Explain that your pet is well-behaved and you're a good neighbor. (Now would be a good time to provide references from previous places you've lived). And know that even if your landlord gives the OK, you may be charged slightly higher rent or an additional damage deposit. If you're renewing an existing lease and decide to get a pet, you have an even better bargaining chip: You've already established yourself as a responsible renter. The landlord knows you, trusts you and most likely doesn't want to lose you.

Incentives for referring a friend: Your friend needs a new apartment. There's one available in your building. Sweet! Your pal gets a place to live, and you get a cool new neighbor. Don't forget one more perk: Some landlords and management companies offer referral incentives (say, $50 or $100) if you find them a new renter. Ask the landlord upfront, before your friend signs the lease, just so it's clear that you really did recruit this new tenant. And, of course, if your landlord does give you something, it's only fair to offer your pal a cut; at the very least, buy him or her a cup of coffee as you show off the new neighborhood.

New appliances/fixtures: That rusty refrigerator or broken sink in an otherwise awesome apartment doesn't need to be a deal-breaker -- if the landlord is willing to replace it. Explain your concern and make the case: The sink seems like it's going to fall and cause a flood, or the refrigerator's obvious problems are going to result in your calling the landlord to fix it on a weekly basis. Obviously, you can't go overboard: No landlord is going to redo the bathroom just because you asked.

Getting first in line for another unit: You like your landlord and your neighborhood, but not your current living arrangement. Your unit is too small, too big or too expensive. Something's not quite right. Ask your landlord to notify you of any openings in the building -- or any others under the same ownership -- and put you first in line for other units that better meet your needs. You may be able to upgrade without the hassle of application fees or a new rental deposit.

Lower rent if you sign a longer lease: A standard rental lease is 12 months; often, when you renew, the landlord will give you the option to sign on for another year or switch to month-to-month, which costs more but gives you more flexibility if you're thinking about moving. But what if you're quite happy staying put and have no desire to live anywhere else for the foreseeable future? Ask your landlord about longer leases -- not just one year but two or more. You might catch him or her by surprise (such leases aren't terribly common), but if the answer is yes, you could end up saving a nice chunk of change.

With all of these perks, the key is to ask nicely. Don't be too pushy. Not all landlords can or will offer all or any of the things listed above. And do your research to know what's reasonable; get advice and guidance from friends in similar circumstances or other tenants in the same building. You're asking for something extra, so you need to have the confidence and knowledge to make your case.

See more on Zillow:
5 Steps for Decorating Your First Apartment
How to Know an Apartment Is Right for You
Tips for Long-Distance Apartment Searches

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Home Renting: The New American Dream?

 

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]]>lease agreementnegotiating rental termsrental perksrental savingsrenters+rulesrentingZillow2013-05-01T14:00:00 00:00The Late George Jones' Tennessee Home Up for Sale at $8 Million (House of the Day)http://realestate.aol.com/blog/2013/05/01/george-jones-tennessee-home/http://realestate.aol.com/blog/2013/05/01/george-jones-tennessee-home/http://realestate.aol.com/blog/2013/05/01/george-jones-tennessee-home/#commentsFiled under: ,,

George Jones home, Franklin, Tenn.

By Catherine Sherman

If a good country song tells a story, then George Jones was a master storyteller. The Country Music Hall of Famer, who passed away last Friday at age 81, spun tales both comical and heart-breaking, from his autobiographical drinking-gone-awry hit "Honky Tonk Song" to the emotionally charged ballad "He Stopped Loving Her Today," regarded by many to be the greatest country music recording of all time. Unfortunately, the story of selling Jones' Franklin, Tenn., estate could be a song in its own right.

First listed for $15 million in March 2011, the 80-acre property has received a series of price cuts since hitting the market. Jones and his wife even tried dividing the property into five parcels and putting it up for auction, but total bids only reached the $2 million mark, and the couple declined those offers. The price dropped in late March to its current $8 million -- but 500 percent more expensive -- per square foot -- than a middle-of-the-road Franklin home.

The equestrian estate was built in 1993 and boasts immaculate green pastures, with a 9,704-square-foot main house and several outbuildings. Showcasing its Tennessee character, the four-bedroom, 7.5-bath mansion also features a grand entryway, long porch and even a personal barber shop. The for-sale listing for Jones' longtime residence is held by Bailey & Ivey.

See the listing for more details.

Find more homes for sale in Franklin, Tenn., or search listings in your area.

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See more on Zillow:
Rascal Flatts Band Member Selling Tennessee Home
Larry Hagman's Home Gets Another Price Cut
Price Drop for Kenny Rogers-Designed Estate in Georgia

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Country Music Legend George Jones Dies At 81

 

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]]>Franklin TennesseeGeorge JonesGeorge Jones deathGeorge Jones Tennessee homeHouse of the DayTennessee real estateZillow2013-05-01T06:00:00 00:00Taylor Swift Reportedly Buys Oceanfront Manse in Rhode Islandhttp://realestate.aol.com/blog/2013/04/29/taylor-swift-home-rhode-island/http://realestate.aol.com/blog/2013/04/29/taylor-swift-home-rhode-island/http://realestate.aol.com/blog/2013/04/29/taylor-swift-home-rhode-island/#commentsFiled under: ,

Taylor Swift, mansion in Rhode Island

By Erika Riggs

This country girl has been digging the East Coast lately, at least in terms of her real estate purchases.

According to TMZ and real estate blog The Real Estalker, country-pop princess Taylor Swift has purchased a waterfront mansion in Watch Hill, R.I.. for around $17 million. Last year she picked up a home near the Kennedy Compound in Hyannis Port, Mass. She flipped it in November, so that might have left her wanting a new East Coast home base.

The white, Cape Cod traditional was previously listed at $24 million back in 2011. Swift reportedly paid in cash, which may have given her a discount on the purchase price. Not that Swift needs to worry about discounts; according to Forbes, the 23-year-old is worth $57 million-plus.

Sitting on 5 acres, the home has more than 700 square feet of beachfront on top of "the highest point in Watch Hill," that would give Swift unobstructed views of the water, all the way to Montauk Point. Watch Hill is an affluent New England coastal town but not necessarily a typical choice for A-listers to vacation in, which might have been a reason for Swift to choose it. The quiet neighborhood and likely guarded home would give the starlet some much-needed privacy.

Measuring 11,000 square feet, the 7-bedroom, 9-bath home was built in 1930. A circular drive leads to a pillared front door. Inside, the living spaces are generous, all with large windows facing the water and decked out in a classic New England decor.

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More on Zillow:
Celebrity Home Buyers Under 25
Taylor Swift Flips Home Near Kennedy Compound
Homes of Country Music Stars

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Taylor Swift's Trespasser Not Charged

 

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]]>cape code home stylecelebrity real estatehomes for sale in Watch Hilloceanfront real estaterhode island real estatetaylor swifttaylor swift homeZillow2013-04-29T13:40:00 00:00Nick Nolte Puts Malibu Home on the Market for $8.25 Million (House of the Day)http://realestate.aol.com/blog/2013/04/29/nick-nolte-malibu-home/http://realestate.aol.com/blog/2013/04/29/nick-nolte-malibu-home/http://realestate.aol.com/blog/2013/04/29/nick-nolte-malibu-home/#commentsFiled under: ,,

Nick Nolte Malibu home

By Erika Riggs

It's not a new trend for celebrities to buy each other's homes. Often, if one celeb likes a home, another star will find it just as appealing. Such is the case with Nick Nolte's home. Currently owned by the veteran actor, best known for his roles in "48 Hours" and "The Thin Red Line," the property includes Tommy Chong, Don Felder of the Eagles and songwriter/producer David Foster among its previous owners, according to the Los Angeles Times. Nolte has listed his home in Malibu, Calif., for $8.25 million.

What attracted the heavy list of stars to the property? Likely the secluded location. The Bonsall Canyon estate sits on 2 flat acres surrounded by sycamores, corrals and pines to create what Malibu listing agent Jane Kellard of Westside Estate Agency calls an "artist's paradise."

Nolte's home was built in 1963 and opens to a mahogany entryway with onyx floors leading to a living area with vaulted, 19-foot ceilings. The upstairs master suite features a sitting area with a fireplace and office. A lagoon pool, lighted tennis court and detached guesthouse with two bedrooms are included on the grounds.

See the listing for more details.

Find more homes for sale in Malibu, Calif., or search listings in your area.

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See more on Zillow:
Stevie Nicks' Former Hollywood Home Listed for $1.6 Million
Charlize Theron Quietly Sells Home That Inspired George Harrison
Suzanne Somers Lists Resort-Like Estate

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Nick Nolte: Fame Is Undesirable, a 'Rough Deal'

 

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]]>House of the Daymalibu homes for salemalibu real estateNick NolteNick Nolte Malibu homeZillow2013-04-29T06:00:00 00:00