Tag Archives: Westchester NY Homes for Sale

Westchester NY Homes for Sale

Town Board Seeks Chappaqua Crossing Findings Statement Feedback | Chappaqua Real Estate

With the much anticipated draft findings statement for the Chappaqua Crossing retail plan now available to the public online, the New Castle Town Board will wait at least another week before putting it to a vote.

The board said in its Wednesday, Oct. 16 public meeting that dialogue regarding the document would continue in its Oct. 22 meeting.

The board told residents in an Oct. 8 town board work session that it would release the findings statements at least 48 hours before possibly making a decision on it on Oct. 16. The statement was not released until Oct. 15, however, leaving both board members and residents needing more time to digest the document, which outlines the mitigation measures needed to support Summit/Greenfield’s 120,000-sqaure feet retail-grocery store proposal.

“We said you would have 48 hours – we’re giving you more than that,” Town Supervisor Susan Carpenter said. “The board is going through the statement and we’ll continue to make changes to it. We’re open to taking useful statements and are happy to take suggestions.”

Though Oct. 22 is the next time the board will discuss the Chappaqua Crossing findings statement, a vote on that date is not likely. Councilman John Buckley will be on vacation and Councilwoman Elise Kessler Mottel has removed herself from all Chappaqua Crossing ordeals. That would leave only Carpenter and councilmen Jason Chapin and Robin Stout available to vote on the document next Tuesday.

“Next Tuesday would be the time to finalize the findings statement,” Stout said. “But we’re not suggesting there will be a vote. My guess is there will still be loose ends and not be a vote that night.”

However, when resident Michael Nolan asked the board to guarantee there would not be a vote on Oct. 22, Carpenter left the door open for all possibilities.

“It would be a vote a vote without John,” she said.

Several residents used public comment time in Wednesday night’s meeting to rehash common concerns surrounding the project, including traffic and its impact on surrounding neighborhoods. There is also a growing sentiment among residents that voting before the Nov. 5 election would be doing the town an injustice.

Stout shot down misconceptions that the board is ignoring residents who are pleading with the board to hold off on making decisions anytime in the near future.

“There is a difference between not listening and not agreeing,” he said. “I am not agreeing. I see this possibility (the Chappaqua Crossing retail plan) as something that can be a substantial benefit to the town.”

 

 

 

http://chappaqua.dailyvoice.com/politics/town-board-seeks-chappaqua-crossing-findings-statement-feedback

White Plains Named To List Of Top 100 Places To Live | Armonk Real Estate

White Plains was recently ranked No.23 in livability.com’s Top 100 places to live.

Livability’s reasons for the high ranking was the city’s high ratings in education, infrastructure, and social and civic capital.

Other categories that factored into White Plains scoring were economics, health care, housing, amenities and demographics.

Neighboring Stamford Connecticut also made the list, coming in at No. 75.

The top ranked city to live in, according to livability.com, was Palo Alto, Calif.

 

 

http://whiteplains.dailyvoice.com/news/white-plains-named-list-top-100-places-live

 

 

 

 

NYC luxury broker partners with site devoted to Manhattan’s side streets | Pound Ridge Real Estate

New York City-based luxury real estate brokerage Warburg Realty has joined forces with a website dedicated to exploring the “hidden gems” of Manhattan’s side streets.

The site, Manhattan Sideways, says it introduces people — through photography, video and narrative — to all that makes up a neighborhood, especially places inaccessible via newspapers, magazines and the Internet. These include boutiques, bars, restaurants, galleries, gardens and historic sites, among other places.

In a statement, Betsy Bober Polivy, creator of Manhattan Sideways, noted that the Avenues — the major north to south thoroughfares of the island — are well-covered by the media and well-traversed by shoppers and travelers.

“I wanted to get off the beaten path and explore the side streets. In fact, the development of Manhattan’s iconic grid, starting at 1st Street and continuing up to 155th Street, envisioned the side streets as being of greater importance than the avenues,” she said.

“I am literally walking side to side, east to west, beginning on 1st Street and winding my way north. My goal is to walk the numbered side streets and comprehensively document every commercial establishment, and other places of interest, with special feature write-ups along the way.”

Warburg Realty, which has 125 brokers throughout Manhattan, will now feature Manhattan Sideways’ Side Picks neighborhoods — which highlight “must see” destinations — on its website and social media channels, the brokerage said.

 

 

 

– See more at: http://www.inman.com/2013/09/11/nyc-luxury-broker-partners-with-site-devoted-to-manhattans-side-streets/#sthash.kPZ5WCkf.dpuf

One of New York City’s Greatest Townhouses Asks $46M | Bedford Corners Real Estate

Location: New York, N.Y. Price: $46,000,000 The Skinny: This 40-foot-wide Neoclassic French townhouse on Manhattan’s Upper East Side possesses a level of grace, charm, and sophistication that only a residence custom-built for a woman who redesigned the White House Rose Garden for her friend Jacqueline Kennedy could achieve. Bunny Mellon (famed horticulturist, member of the International Best Dressed List, granddaughter of the inventor of Listerine) and her husband Paul (heir to the Mellon banking fortune, one of five national designated “Exemplars of Racing”) had the 11,000-square-foot, 14-room mansion built in 1965, to—and this is something of an understatement—exacting standards. The house, which features three exposures, and a garden with a reflecting pool, last sold in 2006 for $22.5M and now finds itself back on the market for $46M, because sure, why not. Thankfully, not much seems to have changed, save, perhaps, an updated kitchen, since the Mellons’ heyday.

Seasonal trends push transactions downward in California | Chappaqua Real Estate

California single-family home and condominium sales fell 16.8% in September from August, but remained fairly unchanged from a year ago, PropertyRadar said in its latest report.

However, the company noted that September’s double-digit drop in sales is not unusual for this time of year because sales volume typically declines in the fall and winter.

“For the second month in a row, September sales and prices pulled back,” said Madeline Schnapp, Director of Economic Research for PropertyRadar.  “The 100+ basis point increase in borrowing costs since mid-June has definitely impacted market activity, reducing demand and pushing down prices.”

 

 

Fannie Mae lowers forecast for mortgage rates | Armonk Real Estate

The government shutdown and debt ceiling standoffs appear to have had a “minimal effect” on the housing market and rising home prices may actually help cushion some of the debates’ impacts by raising household net worth, Fannie Mae economists said in a monthly outlook released today.

Now that the Federal Reserve has decided to postpone its plan to taper its bond-buying activity, the mortgage giant doesn’t expect an end to the stimulus until the second half of 2014. Consequently, the economists lowered their forecast for mortgage rates, now predicting they will rise to an average of 4.4 percent in the fourth quarter and to 5 percent a year from now. In another sign of optimism for the housing market, Fannie Mae economists upped their forecast for home sales this year and anticipate they will rise 10 percent compared to 2012, though they expect a likely pullback in sales in the fourth quarter.

 

 

Source: Fannie Mae

 

 

– See more at: http://www.inman.com/wire/fannie-mae-lowers-forecast-for-mortgage-rates/#sthash.xcFPgdAK.dpuf

Climbing interest rate slows refinance boom | North Salem Real Estate

The mortgage refinance boom is ending on Long Island as in the nation, a change that will take some wind out of the sails of a modest economic recovery.

Since early May, the interest rate on a typical 30-year mortgage rate has risen almost one percentage point, to 4.32 percent, according to mortgage finance giant Freddie Mac.

That rise has choked off banks’ refinancing business by reducing the money homeowners save by paying off their old mortgage with a new, lower-rate deal.

What that means, in turn, is that fewer homeowners have a boost in discretionary income that they might spend on things like home improvements, gasoline, college costs or paying down debt.

While it’s hard to calculate how much of a boost such refinancing gave to Long Island, it appears considerable.

At Bethpage Federal Credit Union, one of the Island’s largest mortgage lenders, president and chief executive Kirk Kordeleski estimates that his refinance customers saved a total of about $56 million in interest from 2009 through 2012.

Add that to the savings won by refinancing customers of others lenders such as Wells Fargo and Chase, he said, and “a lot of money went into people’s pockets to help the Long Island economy during that time.”

Lower payments

Bill consolidation and lower monthly mortgage payments were key drivers of the refinance boom.

Dan and Lisa Donoghu,  of Fort Salonga, accomplished both when they refinanced in May through Lynx Mortgage Bank LLC in Westbury. Their interest rate went down from about 3.88 percent to 3.5 percent, they lengthened their term from 15 years to 20 and took cash out.

“My two boys are in college and my daughter got married in August, so I had some big bills I wanted to take care of,” said Dan, 51, a New York City Fire Department deputy chief in Manhattan and a registered nurse at Brookhaven Memorial Hospital Medical Center in Patchogue.

The couple — Lisa is also a nurse — bought their house in June 2001 with a 30-year mortgage at about 7 percent and had refinanced twice before, Dan said. They got lower rates and shortened the term to 15 years. “After my younger son gets out of college in three years, then we’ll have the option of prepaying to get us back to where we’re hoping to be — retiring without a mortgage,” he said.

Nationally, the Mortgage Bankers Association trade group in Washington says refinancing nationwide fell 18 percent from $388 billion in the fourth quarter of last year to $316 billion in this year’s second quarter and is forecast to fall by another 40 percent from the second quarter to the current, third, quarter.

The boom was great while it lasted.

 

 

 

http://www.newsday.com/business/climbing-interest-rate-slows-refinance-boom-1.6155561

All Together Now: Tackle Home Projects With a DIY Co-op | Mt Kisco Real Estate

y sister Torey just moved. She and her husband are completely renovating their new house. They have accomplished so much in just a couple months, but the remaining to-do list is long. The underlying disorder is sending my Naturally Organized sister into a tailspin. My house is only a couple of years old, but I’m still working to make it home, so I have a list of things to do too.
Last week Torey mentioned she really needed to paint her front door. I intended to paint my back doors as soon as the weather cleared. “We should work together!” she said. And just like that, our DIY co-op was born. We’ve been in business a week, and both of us have crossed a task we were dreading off our list — and we’re looking forward to crossing off more.
Does this sound like a dream come true? Setting up your own DIY co-op may not be as simple as a quick phone call to your sister, but it may be easier than you think. When considering a possible DIY co-op partner, ask yourself a few things.
Is the candidate:
• Committed? You need someone who is going to show up when she says she will. Many of us have at least one of those friends — we love her to death — but our plans with her always have an imaginary asterisk beside them. If your friend isn’t reliable, no matter how wonderful and talented she is, forget about it. No flaky friends allowed.
Fun to be with? When you are tackling arduous projects, it’s incredibly draining. Being able to laugh with another person can be a lifesaver. Lacking a sense of humor may not be a deal breaker for you, but it is for me.

traditional kitchen by Crisp Architects

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Does the candidate:
Have projects? Obviously a co-op needs to be mutually beneficial. If you have a friend who’s rude enough to have her home perfectly up-to-date and beautifully in order, don’t bother asking her to be your DIY co-op partner.
Have equal or complementary skills, goals and energy levels? This simply means you want and are capable of achieving the same things. Torey and I aren’t DIY wonders, but we can paint and organize and clean. She’s Naturally Organized and I am not, and we each have areas where we shine and those where the fetal position seems our only option. As far as our goals go, we both want to have clean and organized homes that are havens for our family and friends. We want to create lovely environments where you feel good just walking through the door. Our differences bring more to the table, and our similarities keep us there. And our energy levels are close enough that we’re able to work together.
Once you’ve found your DIY co-op partner, you need to schedule work times. Be sure to limit them to one house a day. Because of the flexibility in our schedules, Torey and I have settled on Monday mornings at her house and Wednesday mornings at mine. If you work at a job full time, you may want to work in the evenings or on weekends, and only one DIY day a week may be best. You can decide what works for you.
traditional garage and shed by Flow Wall System

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Establish the Ground Rules
These may evolve, but talk a few things through in the beginning, and as with your schedule, adjust as you go. This is what Torey and I have agreed to:
1. The helper hauls the junk away. A big project will be tiring for both of you, but when it’s your house, the exhaustion is on a whole ‘nother level, and dealing with a pile of trash bags or Goodwill boxes may be the final straw. And out of sight is out of mind.
On our first workday, we sorted through the many boxes of Torey and David’s books. David decided to go digital with everything except art books. We sorted box by box into “keep,” “donate” and “sell” piles. I bagged everything up and loaded it all into my van. That evening David remembered an expensive philosophy book he wanted to hold on to, but that was it.

Westchester County ‘Fortress of Solitude’ Asks $1.575M | Katonah Real Estate

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Location: Harrison, N.Y. Price: $1,575,000 The Skinny: In 1998, a cosmetics executive paid $625K for a 1960s house on more than an acre of land in Harrison, N.Y., a small, verdant town some 25 miles north of Manhattan. Coming as close to a teardown as possible without actually tearing it down, she spent seven years renovating the place so it would fit the only type of home she had had ever known—a high-rise apartment—giving the quiet suburban property the “feel of a high-end Manhattan loft in the middle of Central Park,” the owners explain by email. The spiky, geometric exterior (actually “the original home’s cedar siding covered with a malleable material that could be molded to create sharp angles,” according to a 2011 Wall Street Journal piece) and confident use of glass were also inspired by Superman’s Fortress of Solitude from the comic series she read as a kid. Inside the 4,247-square-foot contemporary are three bedrooms (including a bi-level master suite with a home office), Volga blue granite floors, remote-controlled skylights, and a Snaidero kitchen with a wood-burning pizza oven. Outside, there’s an 1,800-square-foot deck (with ramps for accessibility), a sculptural waterfall, and “plenty of space for a swimming pool and tennis court,” according to the brokerbabble. Though it’s been on and off the market for a few years, the Fortress of Solitude is currently awaiting for a superhero to pay $1.575M.

 

 

http://curbed.com/archives/2013/10/16/westchester-county-fortress-of-solitude-asks-1575m.php

Housing affordability dips to a four-year low | Armonk NY Homes

According to an article in The Wall Street Journal, the average mortgage payment on a median-priced home in August as a share of median income was 16%. Furthermore, housing affordability hit a four-year low during the month after the market experienced gains in home prices in the spring and higher interest rates over the course of the summer.

While the data released earlier this week show affordability has been dented, homes are still more affordable than any time between 1989 and late 2008, according to the NAR’s figures.

At prevailing interest rates in August, the mortgage payment on the median priced home stood at $851, or around 16% of the median U.S. income. By contrast, the equivalent mortgage payment one year earlier, at $683, accounted for 13.3% of the median income.

                    Source: WSJ