Category Archives: Westchester NY

$35M Kessler Canyon Ranch Wants $1M a Square Mile | North Salem Real Estate

 

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Location: Garfield County, Colo.
Price: $35,000,000
The Skinny: According to the listing, Cowgirl magazine once said of this ranch that “Arriving at Kessler Canyon is like entering a new state of mind”, which tells us that there is such a thing as Cowgirl magazine, and that the scenic beauty and luxury of the place is impressive even to hard-bitten, outdoorsy travel journalists. Sitting on 35 square miles of rugged western Colorado land (a spread only slightly smaller than the city of Boston), Kessler Canyon offers plenty of wilderness activities for its next owners and dozens of their paying guests. Originally built as a private ranch by the Kessler family, it’s currently being used as a resort featuring a five-star, eight-bedroom hunting lodge, a six-suite guest house, and five guest cabins, as well as a luxurious owner’s suite. Outdoors there’s a skeet shooting range, boating, and plenty of fish and game to hunt. Inside there’s a wine tasting cellar, something called the “Poseidon Spa,” and the “Safari Lounge,” not to mention a rod and gun room. It’s asking $35M, and can continue to be run as a resort, or can be converted back to a private retreat.

 

 

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http://curbed.com/archives/2014/06/09/35m-kessler-canyon-ranch-wants-1m-per-square-mile.php

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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http://mtkisco.dailyvoice.com/police-fire/mount-kisco-seeks-400000-grant-county-police-merger-plans

Referendum Sought On Chappaqua Train Station Lease | Chappaqua Real Estate

 

Applicants who sought to lease space at the Chappaqua train station and were turned down in favor of Leslie Lampert’s Love at 10514 want the lease to be the subject of a permissive referendum.

The applicants — Via Vanti! founder Carla Gambescia and Peter and Erin Chase — have teamed up to back the effort, which requires petition signatures from New Castle residents equal to five percent of the total local turnout in the last election for governor. The deadline for collecting valid signatures is Wednesday, June 18.

The three individuals, collectively, were two applicants because the Chases filed together.

The three, in an announcement of the initiative that was posted to a Facebook group called Our Station, Our Town, gave a statement.

“We are fully confident we will be able to gather the required number of local registered voters’ signatures, resulting in the issuance of a Permissive Referendum on the lease. We, like so many of our fellow residents, are not pleased that we are compelled to seek this course of action; however, we want what is best for our town and only wish for an end result that the residents of New Castle can all feel proud of.”

 

 

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http://chappaqua.dailyvoice.com/news/referendum-sought-chappaqua-train-station-lease

Glass House Floating on a Lake in Texas Wants $5.3M | Bedford Corners Real Estate

 

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Location: Round Top, Texas
Price: $5,300,000
The Skinny: If you’re in the market for a glass box that floats atop a four-acre manmade lake stocked with fish, you’re in luck: this three-story cube in Round Top, Texas (Pop: 77) has just hit the market. The 3,000-square-foot sportsman’s paradise’s first and second floors are entertainment areas perfect for drinking beer with your bros before tooling out on the lake in the jon boat to fish or piling on the four-wheeler, shotguns in hand, for a hunting safari across the estate’s 23 acres of whitetail deer-infested scrubland; there’s even a skeet-shooting stand for target practice in preparation for quail season. Drive in from Austin, park your sports car in the garage (which features lifts and a pretty impregnable-looking safe) and put the horrors of I-10 traffic out of your mind by soaking in the pool at the top of the lakeside water feature. Later, your belly full of venison you killed and cooked yourself in the fire pit, climb in bed in the top floor master suite and watch some Cabela’s DVDs on the big screen while the setting sun burns a hole in the East Texas landscape. The one-bedroom retreat is asking $5.3M, which includes the “furnishings, appliances, decor, skeet shooting equipment, utility vehicle & 220-class whitetail deer.”

 

 

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http://curbed.com/archives/2014/06/05/this-glass-house-floating-on-a-lake-in-texas-wants-53m.php

How borrowers can still get a mortgage below 3 percent | Chappaqua Real Estate

 

 

With the average mortgage interest rates well north of 4 percent and predicted to move toward 5 percent by the end of the year, it may surprise you to know that there are still ways to get a rate below 3 percent.

Yes, we said below 3 percent. And yes, on a house.

“It’s definitely possible to get a rate below 3 percent. It’s just going to be a unique product, and not for everyone,” says Nate Kuchera, a senior loan officer with Bank of Manhattan of Newport Beach, California.

But if it is for you, it will save you a lot of money, he says. Here are ways people are still locking in sub-3 percent rates.

Get a 10-Year Mortgage

If you’re looking for the lowest rate you can get on a fixed-rate mortgage, a 10-year term is your best bet, says Kuchera. He says it’s a rare product, but some people do choose it. And right now, he says you can likely find 10-year, fixed-rate mortgages at below 3 percent.

“This is good for people who are on the brink of retiring,” he says. “They’re on the tail end of their careers and want to pay off their mortgage quickly but don’t want to do it in one big lump sum. So they refinance to a 10-year.”

In addition to paying off their home for retirement, he says they also have the opportunity to save a lot of money in interest. That, of course, depends on their original mortgage, he says.

Still, to illustrate how much paying off a mortgage in a shorter time could save you, consider that the lifetime interest on a 30-year, fixed-rate,$300,000 mortgage with a rate of 4.41 percent is $241,460. The lifetime interest on a 10-year, fixed-rate $300,000 mortgage with a rate of 3 percent is $47,619. That’s a $193,841 difference.

There is one thing to keep in mind, however, says Kuchera. With a shorter term mortgage, your monthly payments will be higher.

“Yes, your rate may be better but you know how life is, things come up,” says Kuchera. “So make sure you’re comfortable with the higher payment. If you are, you’ll save a lot of money.”

 

 

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https://homes.yahoo.com/news/how-to-get-a-rate-below-3-percent-182724351.html

Teatown Lake Reservation News | North Salem Real Estate

 

logo
FREE
MEMBERS ONLY!
Movie Night
on the lawn behindTeatown’s Nature Center
featuring
“A Birder’s Guide to Everything”
rated PG-13
The movie, partially filmed at Teatown, uses birding as the starting point for a tender and gentle coming-of-age story.
Weather for Friday is looking good!
Bring the kids and join us
Friday, June 6th *
7:15 pmBring your own seating and picnic dinner
8:15 pmMovie begins
*Raindate : Saturday June 7th
same time as above
Rain on raindate – movie is cancelled
Not a member and would like to attend the movie?
For more information
call Jean at
914-762-2912 x 124
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Teatown Lake Reservation
1600 Spring Valley Road
Ossining, NY 105
62

Kensico Burger And Beer Festival To Feature 30 Local Restaurants | Armonk Real Estate

 

Let out your inner child, foodie, shopaholic and nature lover out at these exciting upcoming events in Westchester County.

1. Westchester’s Burger and Beer Blast at Kensico Dam Plaza in Valhalla on Friday, June 6 from 6 p.m. to 10 p.m.

Described as “the ultimate block party,” this part of Westchester Magazine’s Food and Wine week may be the tastiest. Thirty lauded burger restaurants from across the county will strut their stuff, serving signature dishes along with beer pairings. When you’re done noshing, vote on the best burger and catch a live performance by Mary C and the Stellars. $65. 21 and older. Rain or shine.

2. Pelham’s Annual Street Fair on Saturday, June 7 from 10 a.m. to 5 p.m.

Hosted by the Chamber of Commerce, the free fair has attracted thousands of people from around the area in previous years. The event sports several fun activities for children and adults alike to benefit a variety of local businesses and philanthropies. Free. Rain or shine. Fifth Avenue between First and Lincoln Avenues.

3. Family Bird Walk in Mamaroneck’s Harbor Island Park on Saturday, June 7 at 10:15 a.m.

Led by Phil Horner, longtime resident and member of the Mamaroneck village committee for the environment, enjoy a walk through scenic harbor island park and learn about some of your local feathered friends. Free, but make sure to bring your own binoculars. Meet at the Marine Education Center.

4. Yonkers’ LEGOLAND Discovery Center Westchester Brick Factor on Saturday and Sunday, June 7-8, at 10 a.m.

“Brick Factor” is a two day search in which contestants will compete in creative LEGO building challenges for a chance to win their dream job as a Master Model Builder. 39 Fitzgerald Street.

 

 

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http://bedford.dailyvoice.com/events/kensico-burger-and-beer-festival-feature-30-local-restaurants

Two charts show where Americans stand on housing | Waccbuc Homes

 

More than two in five adults believe that the housing market continues to be a serious problem, according to a recent survey from the MacArthur Foundation on people’s attitude toward the housing crisis.

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(source: MacArthur Foundation: click image for larger view)

The survey polled a sample of 1,355 people in April 2014.

“While economists and housing experts say that the housing crisis is behind us, large proportions of the American people are not feeling the relief. Very high proportions of the public continue to believe that we are still in the midst of the housing crisis or that the worst is yet to come,” the report stated.

And this is not the only negative news for the market.

Two-thirds of the public believes that it is less likely today than it was 20 or 30 years ago for a family to build equity and wealth through homeownership.

But it is not all bad. Some indicators suggest that the American public’s views about the housing crisis are shifting slightly toward the positive.

“We see an uptick in the proportion of the public who believe that the housing crisis is behind us and a decrease in the proportion who characterize the housing market as a serious problem,” the report said.

“However, even with these shifts, concerns about housing continue to outweigh optimism, and the public has a real sense that affordable housing is a challenge for many Americans,” it added.

 

 

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Two charts show where Americans stand on housing

Fixed Mortgage Rates Largely Flat | South Salem Real Estate

 

 

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates largely flat compared to the previous week amid light economic reports.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.14 percent with an average 0.5 point for the week ending June 5, 2014, up from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 3.91 percent.
  • 15-year FRM this week averaged 3.23 percent with an average 0.5 point, up from last week when it averaged 3.21 percent. A year ago at this time, the 15-year FRM averaged 3.03 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.93 percent this week with an average 0.4 point, down from last week when it averaged 2.96 percent. A year ago, the 5-year ARM averaged 2.74 percent.
  • 1-year Treasury-indexed ARM averaged 2.40 percent this week with an average 0.4 point, down from last week when it averaged 2.41 percent. At this time last year, the 1-year ARM averaged 2.58 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quotes
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

“Mortgage rates were little changed amid a week of light economic reports. Of the few releases, real GDP was revised down to -1.0 percent growth in the first quarter of 2014. ADP Research Institute estimated the private sector added 179,000 jobs in May, which followed a slight downward revision of 5,000 jobs in April. Meanwhile, the Institute for Supply Management reported the manufacturing industry saw a slight acceleration in monthly growth for May.”

Drop $11K For July at Jonathan Adler’s Famed Beach Pad | Bedford Hills Real Estate

 

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Retro, stylish, and owned by the prolific, “happy chic” Jonathan Adler, this Shelter Island beach retreat is newly on the rental market for $11K for the month of July. While the three-bedroom, 1,299-square-foot property has pretty much been featured by every single design publication on the planet, the latest batch of listing photos offer a peek at what the A-frame “modernist fantasy” looks like without the glossy, shelter mag treatment. Luckily for potential renters, though, it’s still impeccably decorated and loaded with such summer fête must-haves as a massive pool, a “ping pong deck,” and perfectly manicured grounds. Take a look:

 

 

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http://curbed.com/archives/2014/06/02/rentjonathan-adlers-shelter-island-beach-house-.php