Tag Archives: Mount Kisco

Mortgage Rates at 3.87% | Mount Kisco Real Estate

The average rate for a 30-year fixed-rate mortgage remained at 3.87% in the week that ended June 4, matching the prior week’s reading, which was the highest since the end of 2014, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac.

A year ago, the 30-year rate was at 4.14%. A record low of 3.31% for the 30-year mortgage was hit in November 2012.

The average rate for the 15-year fixed-rate mortgage decreased to 3.08% in the latest week from 3.11% in the prior week.

Meanwhile, the rate for a 5-year Treasury-indexed hybrid adjustable-rate mortgage rose to 2.96% from 2.90%. The rate for a 1-year Treasury-indexed ARM jumped up to 2.59% from 2.50%.


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December Home Checklist | Mount Kisco Real Estate

From prepping for winter storms to gift-wrapping (or cookie-baking) marathons, December is a busy, holiday-focused month. Make the most of it by planning ahead, setting intentions and focusing on meaningful events rather than trying to do it all. The weather outside may be getting frightful, but that just means it’s the perfect time to get cozy indoors with a mug of hot cocoa. Check off these 12 tasks for an easier, safer and cozier month.

Do you have a bat in your house? | Mt Kisco Real Estate


Do you have a bat in your house? What to do if you are bitten? visit http://health.westchestergov.com/rabies to learn what you should do.

The Westchester County Department of Health (WCDOH) recently distributed notice that the month of August is the peak month for bat activity. Thus the likelihood of human or pet exposures to bats increases.

If you have a bat in your home the DOH recommends capturing the bat and making notification to the DOH for a decision regarding testing. WCDOH can be contacted 24 x 7 at 914 813 5000.

DOH advises a bat killed by trauma will rapidly decompose in warm weather, making it untestable so immediate refrigeration or preferably
freezing is required. Place bat in freezer in a sealed plastic bag or small plastic container.

What to do if you are bitten?

If you are bitten, scratched or have some other exposure immediately wash the area with warm soapy water and call your doctor or hospital. Call the Westchester County Health Department at (914) 813-5000 24 hours a day seven days a week for assistance.

Source –

1) WCDOH memorandum dated August 8, 2014 – Titled Rabies Update – Bats

2) WCDOH website – http://health.westchestergov.com/rabies

For full details, view this message on the web.

Mark Cuban talks housing and student loan bubbles | Mount Kisco Real Estate


Billionaire Mark Cuban (who may or may not be Batman) talks about the student loan bubble, which he says will burst and end badly for colleges, just like the housing bubble. These collapses, he says, will put colleges out of business.

“It’s inevitable at some point there will be a cap on student loan guarantees. And when that happens you’re going to see a repeat of what we saw in the housing market: when easy credit for buying or flipping a house disappeared we saw a collapse in the price housing, and we’re going to see that same collapse in the price of student tuition, and that’s going to lead to colleges going out of business.”

HousingWire’s favorite CNBC reporter turns her attention and her fabulous deltoids to the surge in apartment rentals, which is driven in large measure by the aforementioned student debt problem, housing affordability and tighter lending standards.

National apartment occupancy in May soared to the highest level in at least six years, according to Axiometrics, an apartment data and research company. Ninety-five percent of all units are filled, even as thousands of new units are becoming available.

“It’s a pleasant surprise because it’s coming at a time when new supply is flooding the market,” said Stephanie McCleskey, Axiometrics‘ director of research. “One reason occupancy is rising is that, not only are people moving into these new units, but they’re also moving into Class B units at a lower price point.”


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France’s Palatial 740 Park Pad Sells for $70M, Way Over Ask | Mt Kisco Real Estate


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An 18-room duplex in the richest, fanciest apartment building in the world—owned by the government of France, no less, and used as the ambassador to the UN’s residence—reportedly just sold for $70 million. That’s a whopping $22M over the 740 Park Avenue apartment’s initial ask of $48 million. Apparently, three prospective buyers pushed the price up in a bidding war. France bought the apartment in 1979 for $600,000, but whatever, because that’s like $1,959,272.73 in today’s dollars. So just a 3,400 percent profit for the nation’s coffers, no big deal.



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Mount Kisco Seeks $400,000 Grant For County Police Merger Plans | Mt Kisco Real Estate


Mount Kisco’s government is seeking $400,000 in state grant funding to pay for transitional costs in connection with a potential local police consolidation with Westchester County law enforcement.

At its June 2 meeting, the Village Board of Trustees voted unanimously to give authorization to apply for the grant under the state’s Local Government Efficiency Program. Westchester County is intended to be a co-applicant.

Under the proposed consolidation, Mount Kisco would enter into a contract with the county government so that the Westchester County Department of Public Safety would provide a specific number of police officers dedicated to the village.

Local police would resign and become county officers, according to Mayor Michael Cindrich. The village’s police station would also be converted into county police office space and would be used for report writing and the Detective Division. Cindrich also does not feel that response time would be slower.

The contract would result in an estimated savings of around $2.4 million over a five-year period, although Cindrich said the agreement would be “cost neutral.”

The mayor, who calls the estimated savings “significant,” noted that more police would be on patrol.

If county police assume law enforcement duties, Mount Kisco would join Cortlandt and the Town of Ossining as among those who receive such support. The Village of Ossining has its own police force.



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3 make-or-break things single-family housing investors get wrong | Mt Kisco Real Estate


More than four in 10 residential property sales in the first quarter this year were all-cash sales, the highest level since 2011, and increasingly these are smaller, mom-and-pop real estate investors rather than big companies.

The problem – some of these newer rental home investors may not know about common pitfalls that institutional investors already know about.

According to RealtyTrac, institutional investors — entities that have purchased at least 10 properties in a calendar year — accounted for just 5.6% of all U.S. residential sales in the first quarter, down from 6.8% in the fourth quarter of 2013 and down from 7% in the first quarter of 2013 to the lowest level since the first quarter of 2012.

But cash buyers still represented nearly four in 10 home sales this year.

“Strict lending standards combined with low inventory continue to give the advantage to investors and other cash buyers in this housing market,” said Daren Blomquist, vice president at RealtyTrac, referring to the company’s April report. “The good news is that as institutional investors pull back their purchasing in many markets across the country, there is still strong demand from other cash buyers — including individual investors, second-home buyers and even owner-occupant buyers — to fill the vacuum of demand left by institutional investors.”

In a note to clients, the latest Bryan Ellis Investing Letter warns smaller housing investors about three common mistakes and misconceptions that newer and smaller operators often face.

1) You Can Only Buy through Realtors and Brokers

“This is simply untrue. The best deals in your local market will never make it onto MLS, but you can connect with motivated sellers ready to sell right now and dirt cheap by using a few simple, savvy strategies that will enable you to buy quickly and at rock-bottom prices that will set you up in ideal investing scenarios.”



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10 beautiful homes in the middle of nowhere | Mt Kisco Real Estate


A home is a retreat — a place to escape the outside world, to be alone, to recharge, to relax with friends. For some, one apartment among many in a building wedged into a sea of other buildings provides all the sanctuary they need. But for others, true escape means getting as far away as possible from the rest of the world, to a beautiful and remote residence in a stunning location — with nobody around for miles. Such retreats try very hard not to be found, but we’ve hunted down a few of them for your voyeuristic pleasure, searching high, low, and far to find a collection of lovely, unusual, and isolated homes that truly stand alone. (Just don’t go knocking on their doors.)



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Do little fixes boost home sales? | Mount Kisco Real Estate


In some parts of the country, handyman services made up nearly half of all home-improvement projects undertaken in the six-month period before a home sold, according to real estate website Porch.

Real estate agents and sellers prioritize repairs and aesthetic improvements that prospective buyers are likely to notice, such as upgrades to flooring, cabinets, fences and doors, says Matt Ehrlichman, chief executive of Porch, which tracks home-improvement projects.

The Wall Street JournalFor the analysis, details of 675,000 home-improvement projects that had been submitted to Porch by homeowners, architects, builders, real estate agents and others were compared with home listings and sales data from realtor.com, which partners with Porch. The findings: Home sellers in the Northeast and Midwest were most likely to hire a handyman for minor repairs in the six-month period before the home sale. Homeowners in the West were most likely to hire a general contractor for larger improvements. In the South, home sellers were most likely to pay for electrical upgrades and repairs.

“Just doing these minor things will help your house sell quicker and typically for more money,” says Brad Carlson, a real estate agent with Better Homes and Gardens Real Estate Gary Greene in The Woodlands, Texas.

Carlson once had the listing for a three-bedroom home with dated brass fixtures throughout. The house sat on the market for over two months with no offers until the seller finally agreed to swap the fixtures for more modern ones. Two days and $800 in new fixtures later, the home sold close to its listing price at $214,900


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Award-Winning Modern Country Estate In Dallas Asks $9M | Mt Kisco Real Estate


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Location: Dallas, Texas
Price: $8,975,000
The Skinny: This striking modern home outside Dallas opens itself up to the spectacular surrounding scenery with 23-foot walls and windows that wrap around the living room and his and hers offices. The attention to the home’s relation to the outdoors continues with its siting, which maximizes sunlight and theoretically keeps the home evenly illuminated with natural light throughout the day. The design by Dallas firm Oglebsy-Greene—which won a 2010 AIA Interior Architecture Design Award—also includes a dramatic four-story stair tower that extends from the first floor to the rooftop terrace, Douglas fir and Lueders stone finishes throughout, and an open kitchen with gold granite countertops and Gaggenau cooking surfaces. The five-bedroom, seven-bathroom manse has 11,000 square feet of living space and sits on an acre of wooded land with creek and waterfall views. It’s asking $8.975M.



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