Category Archives: Mount Kisco

California home sales to rise with inventory in 2014 | Mt Kisco Real Estate

After declining this year, home sales in California will rise in 2014 along with inventory, according to a forecast released today from the California Association of Realtors.

The trade group anticipates existing, single-family home sales in the Golden State will rise 3.2 percent next year, to 444,000, after a 2.1 percent decrease this year. California’s median home price is set to rise 28 percent this year, to $408,600, and is expected to increase an additional 6 percent next year to $432,800.

“We’ve seen a marked improvement in housing market conditions in a year with the distressed market shrinking from 1 in 3 sales a year ago to less than 1 in 5 in recent months, thanks primarily to sharp gains in home prices,” said CAR Vice President and Chief Economist Leslie Appleton-Young in a statement.

“As the market continues to improve, more previously underwater homeowners will look toward selling, making housing inventory less scarce in 2014. As a result of these factors, we’ll see home price increases moderate from the double-digit increases we saw for much of this year to mid-single digits in most of the state.”

“The wildcards for 2014 include federal, fiscal, monetary and housing policies — such as the mortgage interest deduction and mortgage finance reform — as well as housing supply and the actions of the Federal Reserve, which will ensure a higher rate environment,” she added.

The trade group projects 30-year fixed mortgage interest rates to rise to an average 5.3 percent in 2014.

 

 

 

 

– See more at: http://www.inman.com/wire/california-home-sales-to-rise-with-inventory-in-2014/#sthash.6wBKBOmo.dpuf

Mount Kisco To Auction Surplus Abandoned Boats | Mt Kisco Homes

Mount Kisco is holding a public auction for surplus abandoned boats later this month.

The Village of Mount Kisco will open sealed bids at 10 a.m. Oct. 25 at the Frank J. DiMicco, Sr. Board Room in the Mount Kisco Village Hall, according to a notice from the village. The auction will include “surplus abandoned boats from Byram Lake,” according to the notice. Marinas are exclusive recreational facilities built to provide docking, loading and other provisions needed for water transport. Individuals as well as a group of people own them. They may be constructed in inland streams, lakes or other bodies of water. Boating marinas may be seasonal or permanent. Seasonal marinas are usually simple structures built over the water as small docks, boat hoist, ramps or rafts that can accommodate water vehicles. These temporary structures are removed once the boating season is over. Seasonal marinas are found in places that have mostly pleasant weather but do experience inclement weather as well. Several marinas located on the northern five lakes and rivers like St. Lawrence and the upper reaches of the Mississippi are seasonal. Permanent marinas may be wharves, docks, jetties and pier. They accommodate water vehicles throughout the year. Southern water bodies of the United State have permanent marinas. A single boating marina can provide docking for about 60-75 vehicles. Each vehicle occupies a berth. Charges are paid according to the number of hours occupied. Besides renting charges, there can be additional fees for storage, etc. You can check over here about merritt products.

Facilities available in marinas include gas stations, pump houses, restaurants, bars and restrooms. Other weather-related marine supplies, clothes, special gear, etc. are also available. In addition, marinas provide mechanics and other repair necessities. Marinas are found everywhere in the United States. However, the marina at Monte Carlo is considered one of the most luxurious and also the most expensive in the world. Washington, California, Oregon and Florida also boast of world-famous marinas that dot their beaches. Rents vary largely depending on the popularity of the marina. Marinas charge their tenants on a per-meter basis, i.e. according to the number of meters the boat occupies when docked. Most marinas give discounts for groups and seasonal renters. Boats may be inspected at the Village’s Department of Public Works at 43 Columbus Ave. in Mount Kisco, according to the release.

If you like offshore sport fishing and boating then you’ve most likely seen Lowrance electronic products. They are actually a leader in manufacturing GPS, Sonar, depth finders, chartplotters and fishfinders. Lowrance marine has most definitely become one of the best recognized brands in marine electronics among commercial fishermen and boating enthusiasts of all types because of the wide selection of devices they supply.

Having lived for years around the Jersey Shore, I have spent many hours on the ocean and bays. In those times, locating fish was more chance than skill on any day. However these days that has all changed.

If you enjoy fishing, you would be interested in Lowrance marine fish finders. They are equipped with dual frequency sonar, 480 X 480 resolution, up to 2500 feet depth penetration, and other advanced capabilities. Fish Finders are also available in the large screen monochrome monitors. Lets face it, if you wish to “hook” the bigger ones, you have to be able to find them first. The new fishfinder and combo units do a great job. The popular fishing and boating kits can be found in quite a number of sizes, prices and colors matching distinctive requirements. These days you will see fishfinders and combo units on anything from huge fishing trawlers to small bass boats.

What I really enjoy when sailing even in the bays and rivers is the Marine GPS. Marine GPS is easily one of the most common GPS types and Lowrance Marine GPS is at the top of the list. The Lowrance GPS antenna is built-in on most of the GPS enabled systems so installation and use is effortless. Many a time I had to offer up excuses for being late for dinner because I sailed too far. My kids cannot get away with that today because they always know precisely where they are. Those interested in further information, including a listing of the boats, are asked to email Joe Cerretani at jcerretani@mountkisco.org.

“All boats will be sold ‘as is,’ with absolutely no implied or stated warranties or guarantees whatsoever,” representatives said in the notice. “Village management reserves the right to award the bid(s) to the highest responsible bidder(s).  Bid forms are now available in the Manager’s Office at Village Hall.”

http://mtkisco.dailyvoice.com/events/mount-kisco-auction-surplus-abandoned-boats

Everyone agrees: Even higher rates won’t impact affordability | Mt Kisco Real Estate

A panel of esteemed housing experts speaking at the ABS East 2013 conference underway in Miami disagreed on Robert Shiller’s recent call that U.S. housing is in a bubble.

Moderator Howard Esaki, managing director at Standard & Poor’s, who himself puts out regular morning emails encapsulating finance news, played a video on Bloomberg of Shiller talking of a housing bubble.

Shiller co-developed the S&P/Case-Shiller Composite-10 Home Price Index and actually said housing was looking bubbly. His words were later moderated in a column in the New York Times.

The panel elaborated on whether or not U.S. housing is actually in a bubble. No one believes it is.

Mark Fleming, chief economist of CoreLogic, said price appreciation is slowing down, and is only correcting for an overshoot in price collapse. He didn’t think it would return to the inflated pricing before the housing bust.

“We are certainly not in a housing bubble,” said Laurie Goodman who heads up a housing thinktank at the Urban Institute. Both Goodman and Fleming said housing could absorb higher interest rates and remain attractive. Goodman posited that even with a 6% interest rate, affordability would remain at 2000-2003 levels, which were pretty stable compared to 2006-2007.

“I don’t see interest rates going to 6% any time soon,” she added.

Esaki then addressed the crowd at ABS East, where attendance is at a record high (3,500+) with an estimated 1,000 investors, according to data released by organizer Information Management Network.

Esaki asked for a show of hands: “Do you think there is a housing bubble?”

Not a single hand went up.

Later an audience member pointed out that “no one raised their hand, so maybe we are.” The devil’s advocate then sat back down and the panel moved on to talk about the slim chance of near-term GSE reform.

 

 

http://www.housingwire.com/articles/27270-abs-east-panel-says-shiller-wrong-on-housing-bubble-call

 

Tornado Watch In Effect For Westchester Monday | Mt Kisco Real Estate

The National Weather service has issued a tornado watch for Westchester through 5 p.m. Monday.

A tornado watch means conditions are favorable for severe thunderstorms to form, but it also means that a few storms may be capable of producing a tornado, according to the National Weather Service. A tornado warning is the ultimate in severe warnings and means that a tornado is either occurring or imminent based on radar.

 

 

http://mtkisco.dailyvoice.com/news/tornado-watch-effect-westchester-monday

Bon Jovi’s Penthouse Stops Living on a Prayer, Cuts Price | Mt Kisco Real Estate

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It’s lonely at the top of 158 Mercer Street, and perhaps that’s why Jon Bon Jovihas been trying to unload his penthouse there since earlier this year. He paid $24 million for it in 2007 and re-listed it for $42 million after a renovation. His dream sale price was rumored to be $45M, but that’s now far out of reach—he has just cut the price to $39.9 million. That’s just the price of love.

The place is a 5BR, 5.5BA duplex, with three landscaped terraces, 11-foot ceilings, a private screening room, and arched windows.

 

 

http://ny.curbed.com/archives/2013/09/10/bon_jovis_penthouse_stops_living_on_a_prayer_cuts_price.php

 

Dutch Colonial on Lake Minnetonka Listed for $5.75M | Mt Kisco Real Estate

Location: Shorewood, Minn. Price: $5,750,000 The Skinny: This 8,650-square-foot Dutch Colonial, which comes with a 1,450-square-foot carriage house, was originally constructed in 1906 for Edmund Longyear, the founder of mineral drilling company Boart Longyear who owned  90 acres of land on Lake Minnetonka. Later, the estate became the summer home of George Nelson Dayton, son of George Draper Dayton—founder of Dayton’s Dry Goods Store, which later became the Target corporation—and grandfather of current Minnesota Governor Mark Dayton. The Daytons developed the land into a working farm called Boulder Bridge Farm. In 1976, a real estate developer who had grown up across the street from the farm bought the property and began converting it into 44 homesites. He kept the impressive Longyear House and the surrounding four acres, for himself and his family, though, restoring parts and enhancing others—they expanded the kitchen, added a pool and hot tub, enclosed a porch to create the formal dining room, and installed a movie theatre. Now, with the kids all grown up and moved out, they’ve put the four-acre estate on the market for $5.75M.

Tour the Haunting Interiors of a Silent, Abandoned Mall | Mt Kisco Real Estate

Vacant, decaying spaces are something of an obsession to photographers, who have cast their lenses on everything from abandoned theaters and churches to empty asylums and Lithuanian discos. Shopping malls join this crowd thanks to the work of Dan Wampler, who photographed the interiors of St. Louis’ Crestwood Court mall after it closed in July after more than 56 years in business. Wampler, who calls himself a digital artist rather than a photographer, used HDR to create “a look ranging from 3D to surreal,” he writes on the project page, accentuating a corridor’s angular architecture or a stairway’s sherbet-hued tilework. While “the management company has maintained the mall quite well,” he explains, his images “may be the last opportunity anyone will have to see the inside for some time.” Meaning, of course, that this mall, unlike an abandoned mall in Providence, won’t be turned into a series of micro homes.

NAR’s health insurance marketplace is worth a look | Katonah Realtor

Starting in January 2014, I will be getting my health insurance through an exchange.

For months, Minnesota’s health insurance exchange posted outrageously high sample rates on its site. I kept trying to look away, but could not. I’ve been carrying this fear in the pit of my stomach, because I know what it is like to spend more on health insurance each month than on housing.

It seems like the news media and politicians have done everything they can to keep me worried about the arrival of “Obamacare.”I have listened to scary news stories for months about how bad Obamacare is going to be for everyone. The state exchange has not helped alleviate those fears, publishing super-high and inaccurate sample numbers on the MNsure.org website.

Friends who work for insurance companies assured me that my current, somewhat affordable health insurance plan — which carries a large deductible and provides little actual health care — would go away at the end of the year, and be replaced with a much more expensive plan next year.

 

read more…

 

http://www.inman.com/2013/09/26/nars-health-insurance-marketplace-is-worth-a-look/#sthash.zh7Bqe0N.dpuf

Great Jones Building Emerges With $25K/Month Penthouse | Mt Kisco Real Estate

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The 1927 building at 37 Great Jones Street has just come out of a renovation, leaving the building with five luxury apartments that are now on the rental market. The information on the official website is sparse, but building reps sent along a few more details. Architect Joseph Pell Lombardi handled the renovation, which includes a sixth-floor addition. The model should open within the next couple of weeks, and the first residents will be able to move in come January.

Of course, the prices to move in are hefty. The penthouse, a 3,602-square-foot, 3BR duplex, will rent for $25,000/month, and the lower-floor units (2BRs at 2,165 square feet) have asks between $10,000/month and $12,000/month. Amenities include private storage and virtual doorman—though we’d expect a flesh-and-blood doorman at those prices—and apartment features include washer-dryers, 11-foot ceilings, wine coolers and steam showers, and keyed elevator access.

How to Install a Foundation Drain | Mt Kisco Real Estate

On its face, the location of a foundation perimeter drain seems like the simplest of details. The perforated drain line is run around the foundation next to the bottom of the footing.

At least that’s what many construction drawings show. But in some parts of the country, the drain is placed on top of the footing rather than next to it, and this discrepancy is at the root of Steven Knapp’s dilemma.

In a question posted at Green Building Advisor’s Q&A forum, Knapp writes this approach is not typical in his area, and that his waterproofing contractor is refusing to go along with it.

“Several years ago he switched to placing the drain (a rectangular pipe) on top of the footer and thinks this is the better method,” Knapp writes. “I’m annoyed and confused since I was advised by another credible expert that placing the pipe on top of the footer would greatly increase my chances of springing a leak.”

Knapp’s builder is leaning in favor of the “on footer” method, but he’s willing to do whatever Knapp thinks best. They also consulted with a Residential Foundation Repair Services company for a third opinion.

“So what is industry best practice?” he asks. “Putting the pipe next to the footer makes intuitive sense to me, but I know that what’s intuitive isn’t always correct. I just don’t want a basement that leaks.”

That’s the topic for this Q&A Spotlight.

The drawings are just plain wrong

Yes, writes James Morgan, we’ve all seen foundation drains drawn that way many times but the drawings are wrong.

“I know that’s the standard drawn detail and I’ve seen it a thousand times, but I think it’s a bad one, and there are several important [performance] reasons that no one ever builds it that way, at least not in my area,” he says.

The seam between the footing and the foundation wall is vulnerable, he adds, but it takes hydrostatic pressure to push water through the seam and into the basement. “Perforated pipe laid along the top of the footer and running to daylight ensures that the maximum head of water is just the thickness of the corrugation, or about 3/8 of an inch,” Morgan writes. “This is simply not sufficient to cause any penetration of the seam if a normal standard of care has been taken with the waterproofing application. This is the simplest, most foolproof and most reliable location. That’s why all the experienced builders that I know and regularly work with all prefer to do it that way.”

It’s more time and trouble to install the drain line next to the footing, Morgan says, plus it also requires more digging and a larger volume of backfill, “thus an enhanced path for water to reach the footing.”

“Backfill can never be consolidated to the degree of imperviousness of undisturbed soil,” Morgan writes. “According to well known foundation contractors, most codes now sensibly require that finish grade be sloped to a swale at least 6 feet away from the foundation wall. With a standard dig this places the swale well outside the backfill area and into the zone of undisturbed dirt: overdig brings the porous backfill closer to the swale and the large volume of stormwater it regularly contains.”

Keep the drain below the level of the slab

To GBA Senior Editor Martin Holladay, the correct location for the foundation drain is a pretty simple proposition: If you want to avoid problems, keep the level of the drain below the slab. “One thing is for sure,” he writes, “if the center of the 4-inch drain pipe is above the top of your slab, you are setting yourself up for potential problems.”

He tells Morgan water can reach the drain in more than one way. “It can trickle downwards from the surface, due to ponding under the eaves (as you propose),” Holladay says. “But during the spring, groundwater levels can rise from below, until the level of the groundwater is higher than the level of your slab. In that case, a footing drain pipe that is installed above the slab will work — but the slab will still get wet.”

David Meiland also would opt for a lower drain location. “I want the footing drain well below the slab, and I want it equal to or below bottom of footing so that the bearing soil under the foundation is less likely to be saturated,” Meiland writes. “I am lucky in that we rarely deal with expansive clay, but that would make it all the more important to drain the footing.”

Holladay’s point is well taken, Morgan replies, in areas where groundwater levels are periodically high. But he adds that even when the drain line is placed on top of the footing, it would still be 2 inches or so below the top of the slab.

“And I think there’s some value in having the the pipe right beside the vulnerable seam rather than a foot away where drainage paths could potentially become obstructed,” he adds. “Either way, Steven’s belt-and-suspenders approach should be fine.”

http://www.greenbuildingadvisor.com/blogs/dept/qa-spotlight/how-install-foundation-drain