Tag Archives: Armonk NY Real Estate

Armonk NY Real Estate

Smart Watering Tips for Every Gardener | Armonk Real Estate

Tired of watering all the time, while praying for rain and smaller water bills? If your garden is planned, prepared, planted and watered properly, you can have a beautiful yard and save thousands in the long run.

Here’s how to get the most from your water this summer and remember if you have any water damage or need a cleaning flood, don’t think twice about calling water restoration Austin Tx, expect them fast and easy.

Start from the ground up

Plan your preemptive strike against drought. Get to know your yard, and note which areas tend to dry out quickly or develop puddles after it rains. Places that are especially prone to drying out include the soil under large and thirsty trees, or under the eaves of your roof.

Your soil type plays a big part in how often you’ll need to water. Loose, sandy soil holds very little moisture, so much of the water you dump on it slips away and goes to waste.

Treat runoff as if it’s money — don’t let it slip through your fingers.

Treat runoff as if it’s money — don’t let it slip through your fingers.

The soil you’re after is the rich, dark crumbly stuff called loam. Adding topsoil (good), composted manure (better) or compost (best) to your soil makes it loamy and performs some pretty amazing feats. It encourages beneficial organisms, improves the soil structure and texture, aerates the soil and helps it retain moisture.

If your garden is too big to amend with better dirt, consider growing vegetables in a raised bed, where you can easily focus your watering efforts and amend the soil without breaking the bank.

Choose the right plants

When it comes right down to it, you have to look at your water bill and ask yourself: Is that tomato vine really worth the absurd amount of money you spend each month?

If growing your own food is what motivates you to shell out for those big bills, consider raising cowpeas, hot peppers, okra or other edibles that require less water. Choose drought-tolerant plants whenever possible, unless you’re planting in a space that rarely dries out.

Texas sage is just one of the many plants that thrives without irrigation.

Texas sage is just one of the many plants that thrives without irrigation.

If you simply have to grow thirsty plants, group them together so you can easily water them without wasting a drop. You might even choose to submerge a perforated pond liner so water has a better chance to collect.

Native plants are often, but not always, good choices for a drought-tolerant landscape since they’re well adapted to the unique conditions of your region. Succulents and cacti are well equipped to handle drought because they store moisture in their leaves and stems.

If you have a lawn that requires regular irrigation, save money by replacing it with a mass of groundcovers like wooly thyme or liriope.

read more…

http://www.zillow.com/blog/smart-watering-tips-180729/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

Cleaning Up Armonk | Armonk Real Estate

To The Residents of North Castle…………………….

 

            On July 3, 2015 I wrote a letter to the Town Board (see below). The issue at hand relates to the irresponsible and hazardous stockpiling of asphalt millings or RAP (Recycled Asphalt Pavement) within the Highway Department’s property off Bedford Road and within its yard on Middle Patent Road.  There is great concern that the stockpiling of asphalt millings can cause serious human health and environmental problems.  Dust particles containing high concentration of pollutants can be wind swept into the air off of stockpiles and rainfall can cause these same pollutants to leach out into the soil and eventually find their way into our water supply.

 

I am very concerned that the Town maybe stockpiling this material without the proper permits required from the New York State Department of Conservation (DEC) nor are they abiding by the New York State Environmental Quality Review Act or SEQR.  To read more information about the SEQR process visit the NYS DEC website atwww.dec.gov.ny/permits/357.html

 

Last April I fought with the Town unsuccessfully to have stockpiles of asphalt millings removed from the Town yard at Middle Patent Road, an area which is in close proximity to State regulated wetlands. The Middle Patent yard is boarded by the Mianus River watercourse which has tributaries that lead into the Mianus Gorge, which in turn provides drinking water to certain areas of Connecticut.  Also, the yard is located in close proximity to the wells that provide drinking water to the residents of Windmill. Is our town acting environmentally responsible? Does it fully understand the potential problems we face as taxpayers without going through the SEQR process?

 

I plan on attending tomorrow night’s Town Board meeting to discuss these issues.  The meeting will be held at the North White Plains Community Center, 10 Clove Road, North White Plains, New York 10603 at 7:30 pm.


Sincerely,


Michael Fareri

 

 

July 3, 2015

 

Supervisor Michael J. Schiliro & Members of the Town Board

Town of North Castle

Town Hall

15 Bedford Road

Armonk, New York 10504

 

Re: Town Dump

 

Dear Supervisor Schiliro & Members of the Town Board:

It is with great displeasure that once again I have to report to you the foolish and irresponsible actions undertaken by the Town Administrator and the Towns Highway General Forman. After all the weeks of aggravation I was put through last April in an effort to have the stockpile of asphalt millings removed from the Towns property across from my office building at 333 Main Street, approximately 4000 cubic yards of milling were once again delivered to the Towns property and stockpiled.
I spoke to the Town Attorney and the Town Engineer and they assured me that they knew nothing about this situation and I believe them because surely, they would not allow the Town to be exposed to such a potentially damaging liability.  As I stated on numerous occasions in the past, not only is this aesthetically unpleasing where located, the stockpiling of asphalt millings has the potential to pose human health and environmental concerns (see links & photos below).  Asphalt millings, also known as RAP (Recycled Asphalt Paving) contain a high concentration of Polycyclic Aromatic Hydocarbons (PAHs) which are compounds specified as pollutants by the U.S. Environmental Protection Agency (USEPA).  When rainfall or wind infiltrate these stockpiles, especially in the condition they are in which is one without any form of protection whatsoever, they will leach off contaminates into the soil and from there a potential migration of contaminates into our water supply.
 Has everyone already forgotten Westwood and the $500,000 cost to the taxpayer? Trust me, the stockpiling of these millings could bring about even greater environmental problems.  That is why I am demanding that you have these millings removed from Town property immediately.  If they are not removed immediately I will take whatever legal action necessary to see that it is done while holding this Town Board, the Highway Department and the Town Administrator responsible and accountable. 

 Sincerely,

 

 

Michael E. Fareri

Click on the link below, or copy and paste the URL link into your web browser address box

 

All About Armonk – Read Michelle Boyle’s article regarding Fareri’s letter and the stockpiling of millings

http://allaboutarmonk.com/ 

 

Leaching Characteristics of Asphalt Road Waste by Timothy G Townsend, June 1998

http://www.beyondroads.com/visual_assets/RAP_Leachability_Study.PDF

 

Asphalt Pavements and the Environment by Dr. Gerhard J.A. Kennepohl, P.Eng.

http://asphalt.org/downloads/2008-Pavt-Environment-GJAK.pdf

 

Life Cycle Environmental and Economic Assessment of Using Recycled Materials for Asphalt Pavements by Arpad Horvath

http://www.uctc.net/papers/683.pdf

 

 Recycled Asphalt Pavement and Asphalt Millings (RAP) Reuse Guide by NJDEP

http://www.nj.gov/dep/dshw/rrtp/asphaltguidance.pdf

Middle Patent Yard
Mianus Watercourse
Highway Dept. Property

 

Sales of Existing Homes to First-Time Buyers Rise | Armonk Real Estate

Existing home sales, as reported by the National Association of Realtors (NAR), rose to the highest pace in six years in May. The report was also notable due to an increase in purchases by first-time buyers, which rose to the highest share experienced since September 2012.

The May pace of existing home sales (5.35 million on seasonally adjusted annual basis) was 5.1% higher than the prior month and 9.2% higher than the rate set during May of 2014. Sales of single-family homes were up 5.6% for the month, reaching a 4.73 million annual rate.

EHS_may15

The first-time buyer share increased to 32% in May, up from 30% in April. NAR reported that first-time buyer share reached its highest level since September 2012. This increase is consistent with prior analysis of Fannie Mae data illustrating that the share of mortgage originations to first-time home buyers is expected to rise in 2015.

Regionally, existing home sales increased strongly in the Northeast (11.3% for May) and are up 11.3% year-over-year. Midwest sales increased 4.1% for the month and now stand 12.4% higher than May 2014. Sales in the West rose 4.3% in May and are up 9% from a year ago. Finally, sales in the South increased 4.3% compared to April and are 6.9% higher than May 2014.

Total housing inventory, as estimated by NAR, increased 3.2% t0 2.29 million existing housing units. This marks a 5.1 months-supply at the May sales pace.

The median existing home price in May was $228,700. NAR noted that May represented the 39th consecutive month of year-over-year price gains for existing homes.

 

read more…

 

http://eyeonhousing.org/2015/06/

Is this a home buyer, seller or #flipper market? | Armonk Real Estate

Pending home sales rose 3.4% in April to the highest level since May 2006. The home builder sentiment bounced back after dipping in March and housing starts jumped 20% in April from March. Home prices also rose more than expected in March; the S&P/Case-Shiller index gained 5% year-over-year in 20 cities.

Housing’s brightening outlook is welcome news, not just for homeowners but also for home flippers, said Nav Athwal, the CEO of Realty Shares, an online real estate investment marketplace. “Markets like Tampa, Miami, Jacksonville and Orlando present opportunities in terms of both available supply for flipping and also large returns…and we’ll see this trend continue,” said Athwal.

According to RealtyTrac, 4% of all single family home sales in this country in the first quarter were flips. Florida dominated the list for top markets for home flipping. But when it came to making a profit, flippers in the Baltimore area saw a whopping 94% return. “Markets like Baltimore have less supply, thus profit margins push up. Another similar market is Memphis, there’s not a lot of supply in the market, so the home flippers that successfully acquire the supply are better able to flip a profit better,” said Athwal.

But with home price appreciation slowing, is this a better time for buy-and-hold investors than flippers? Athwal pointed back to the old adage that what matters most in real estate is location. “The strategy that’s going to lead to the most success, profit, depends on what city, what zip code you’re focused on,” he said. “If you look at markets like Florida and Detroit, because there’s still ability to buy ‘right’, which is key to a successful flip, they’re great markets for flipping but if you turn to other markets, where profit potential for flips isn’t as high but where you can buy a house for cheap and rent it for $1,000, $1,500 and get a double-digit yield, then you have to turn to a buy and hold strategy.”

This formula for flipping makes Florida unique in Athwal’s assessment. “In markets like Tampa, Jacksonville, you can be successful both with the ‘buy and hold’ as well as the flip strategies but it’s really going to depend on the market’s economics to determine what the best strategy is there,” he said.

 

read more…

 

http://finance.yahoo.com/news/is-this-a-home-buyer–seller-or-flipper-market–160145337.html

 

House Price Appreciation Moderates | Armonk Real Estate

The Federal Housing Finance Agency (FHFA) recently released the House Price Index (HPI) data for February, 2015. Figure 1 shows the House Price Index (HPI) data from January 1991 to February 2015. The annual growth rate is also presented in Figure 1.

Figure1

House price appreciation has been volatile but averaged approximately 5% from 1991 to 2003 prior to the housing boom. Appreciation accelerated after 2003 and house prices rose rapidly through 2005 with annual growth of reaching 10%. Beginning in 2006, the rapid house price growth reversed with price appreciation slowing sharply and turning negative by 2007. House price declines slowed after 2008 but the annual growth rates didn’t turn positive until 2012. Since turning positive house price growth rates have recovered returning to the roughly 5% average that was the norm before the boom.

The trend line shows that house prices have declined from their boom-inflated peaks, recovered some of the lost value from the bust, and are now in line with where the trend was headed before the boom and bust cycle, suggesting that current levels and rates of growth are sustainable.

 Figure2

Figure 2 provides a more geographically detailed analysis, looking at house price appreciation in the nine Census divisions. Regionally, eight of the nine Census divisions posted positive growth for the month of February and all were above year ago levels.  All nine divisions have seen substantial price growth since hitting their respective troughs.

It should be noted that among the four divisions with the greatest cumulative growth, including Pacific, Mountain, West South Central, and South Atlantic, three of those included bubble states that fell the farthest during the housing bust (California, Nevada, Arizona and Florida). The stronger than average cumulative growth is a reflection of partial price recovery after deep losses, rather than inherent strength. In contrast, the above average cumulative growth in the West South Central division reflects inherent strength in the housing market. This division includes Texas, Oklahoma, and Louisiana, where the local economies benefited from the strong performance of the energy sector, but also avoided much of the housing boom excesses experienced in other areas.

The Home Price Index data reported by the Standard and Poor’s/Case-Shiller shows the same house price dynamics as the FHFA index. The Case-Shiller index shows the steady growth before the boom, the acceleration and subsequent price declines, and the more recent return to more normal and sustainable growth rates.

 

read more…

 

http://eyeonhousing.org/2015/04/house-price-appreciation-moderates/

Mortgage Rates Up Again | Armonk Real Estate

Fredie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher amid solid housing data on new home sales and house price appreciation. Regardless, fixed-rate mortgages rates still remain near their late May, 2013 lows.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.80 percent with an average 0.6 point for the week ending February 26, 2015, up from last week when it averaged 3.76 percent. A year ago at this time, the 30-year FRM averaged 4.37 percent.
  • 15-year FRM this week averaged 3.07 percent with an average 0.6 point, up from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.39 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.99 percent this week with an average 0.5 point, up from last week when it averaged 2.97 percent. A year ago, the 5-year ARM averaged 3.05 percent.
  • 1-year Treasury-indexed ARM averaged 2.44 percent this week with an average 0.4 point, down from last week when it averaged 2.45 percent. At this time last year, the 1-year ARM averaged 2.52 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

Local Representation for North Castle | Armonk Real Estate

Local Representation for North Castle Neighborhoods

Understanding the Ward System – Frequently Asked Questions

Neighborhood Representation on the North Castle Town Board will  make Town Government more accessible and accountable.

 

 

A special election considering Neighborhood

Representation on the Town Board will be held on Thursday, November 13, 2014.

 

Propositions to convert Town Council elections to the Ward System and to increase Councilpersons to six from four will provide a more representative system for North Castle citizens.

 

 

What is the Ward System Proposal?

 

Quite simply, it is changing the way we elect Board Members from town wide elections, to elections based on districts built around neighborhoods.  It is also proposed to increase the number of Councilpersons from four to six to allow more direct representation of the many neighborhoods in the town.  No other aspect of Town government changes.

 

 

 

Why do we need a change?

 

The current system allows one area of Town to dominate the election process leaving other parts of town underrepresented.

 

There is no geographic diversity on the Town Board. In recent memory, there has not been a council member from North White Plains, the Middle Patent or Banksville  areas. Other neighborhoods such as Windmill and Whippoorwill have had to  rely on Neighborhood Associations to be heard.

 

Currently the all  Town Board Members live, on average,  one mile from the Town Hall and this has been the case for decades.  The Armonk centric Board does not understand the needs of the many neighborhoods in the Town. The ward system will provide elected  neighborhood representation and will assure your neighborhood has representation on the Board.

 

 

Why is this a problem?  Our town spans a large area with highly diverse communities.  Different geographies – urban, suburban and rural;  different age and economic profiles – middle class, professional, new families, retirees;  different school districts – Byram Hills, Valhalla, Bedford, Harrison, Mt. Pleasant.

 

Almost 10% of active voters in North Castle signed the Petitions calling for the referendum. They and many more believe that the Town Board structurally “didn’t get it” and would not until there was a reform in the system.

 

 

 

How will this benefit Your Neighborhood?

 

Your neighborhood will have someone on the Board who understands your needs; will be from your neighborhood; and is accountable to you.

 

 

The change to the Ward System will also bring the Town Board back to standard two year terms instead of the current four year.  This will  increase the accountability of councilpersons.

 

 

 

Will we lose influence by voting for our own Councilperson?

 

 

You will gain influence.    The current political environment in North Castle is dominated by factions and parties, not by neighborhoods where the need for services reside.

 

Current Councilpersons are accountable only to the biggest blocs of votes, not to every neighborhood.   A dedicated councilperson will be your representative and and will have a seat at the table.

 

Without a representative system 51% gets 100% control and 0% for the rest.  That is why we need representative government.

 

In North Castle you will gain representative government. You will vote for your  councilperson, the Supervisor, the Town Clerk and Tax Receiver.

 

 

 

Why increase the number of Board members?

 

 

North Castle is spread over a large and diverse geography with numerous distinct neighborhoods.  Six councilpersons are necessary to create districts built around key neighborhoods

 

 

Will there be enough candidates?

 

 

 

More than enough.  The Ward System dramatically lowers the barriers to running for office. Candidates will no longer have to rely on The Democrat or Republican  Political Parties  to effectively launch a campaign.

 

THAT IS WHY THE PARTY COMMITTEES ARE OPPOSING IT!

 

Candidates need only compete in their neighborhood rather than Town wide, making campaigns closer the the voters, lower cost and easier to conduct.

 

 

We currently have four Councilpersons in an area which would be the equivalent size of one ward.  Those councilpersons are arguing that we could not get one “qualified”  candidate from each of the other proposed 6 areas.

 

 

 

Will this Cost the Town More?

 

 

It should cost less, not more.  A change in the Board system is an opportunity to adjust Board compensation from $18,000 per year plus benefits to perhaps $10,000 like New Castle or $0 like Scarsdale.  The cost is totally up to the Board and can be reduced substantially.

 

 

Will the Ward System create divisiveness on the Board?

 

 

Current Board members are arguing that it is now peaceful on the Board and that the Ward System would create divisiveness.

 

 

They are somehow assuming that the current set of councilpersons, who live on average just a mile from Town Hall, can work together responsibly, but representatives from other parts of Town cannot.  A Board from all parts of town is not divisive.  It is representative. The implication that a representative from currently unrepresentative neighborhoods could not work constructively on the Board is insulting.

 

 

We can be sure that Town Board members will have the wisdom to work together for the benefit of the whole town. Having geographic diversity on the Board will help them to make better decisions.  Some disagreements on the Board may be a good thing.

 

 

How will districts be drawn?

 

Under the law, districts must be made up of approximately the same population.  The petitioners are proposing six districts built around major neighborhoods in Town.  The exact boundaries will be established by the Westchester Board of Elections.  The Town and the public will have input into the final boundaries. 

 

 

 

Who Supports Neighborhood Representations?

Some councilpersons contend that the ward system is a “solution in search of a problem”.  Almost 10% of North Castle active voters signed the petition supporting neighborhood representation via the ward system. They think there is a problem.  These petitioners came heavily from neighborhoods which do not feel represented by the current system.

 

 

 

 

 

PLEASE JOIN US TO FIGHT FOR NEIGHBORHOOD REPRESENTATION – FORWARD THIS TO A FRIEND.

 

 

 

 

VOTE ON NOVEMBER 13 FOR BOTH OF THE WARD SYSTEM PROPOSALS.

 

 

 

 

 

 

 

 

 

 

 

Informed Citizens | tony@armonk.email | Informed Citizens 2014 | Box 59 | Valhalla, NY 10595

 

 

 

$3.5M Buys a Wright Student’s Spiky, ‘Zen-Like’ 1985 Design | Armonk Real Estate

25 images

Location: Armonk, N.Y.
Price: $3,500,000
The Skinny: A 1985 home in Armonk, N.Y., by Frank Lloyd Wright student Roy Johnson has been on the market since June with a $3.5M asking price. “Paradise is found” there, suggests the listing, in its 6,093 square feet and the surrounding “zen-like” six-acre plot, which features a “fully stocked koi pond, relaxing waterfall, stone paths,” a “fully enclosed raised vegetable garden perfect for farm to table dining,” and a trellised pavilion whose emphatic, spikey silhouette mimics that of the house. Inside the dwelling, there’s an expansive double-height living room, a “renovated Bilotta kitchen” lit by large windows, and five bedrooms, filling out a circular plan around a central stone column.

 

 

read more….

 

http://curbed.com/archives/2014/10/29/roy-johnson-armonk-for-sale.php

 

Record-breaking $147 million home once sold for $120 | Armonk Real Estate

 

The most expensive home in the history of the United States once sold for $120. Not $120 million. 120 dollars.

The record-breaking sale occurred last month when hedge fund manager Barry Rosenstein bought a property that can only be described as a “spread.”

Rosenstein bought the property in the East Hamptons in New York for $147 million. According to an article from Forbes, the property once sold for $120.

Admittedly, the $120 sale did take place in 1901, but that’s still an astronomical amount of appreciation for the value of the property. In fact, it’s an appreciation of 122,499,900%. That’s 122 million percent!

The property’s history is particularly fascinating. According to the Forbes article:

The property’s roots trace all the way back to Lion Gardiner, who in 1639 and with a grant from King Charles I, settled ”Gardiners Island” in the bay off Long Island’s South Fork, creating the first English colonial settlement in what would become New York State. Gardiner purchased the property from the Montaukett Indians for “one large dog, one gun, some powder and shot, some rum and several blankets, worth in all about Five Pounds sterling.”

In its time, the property has been owned by a group that included: Pan Am founder Juan Trippe; insurance salesman and tennis promoter Julian Myrick; grandfather of Jacqueline Kennedy Onassis; James Lee; Howard Dean, grandfather of the former presidential candidate; and A. Wallace Chauncey.

In recent years, Christopher H. Browne, the value investor who was managing director of New York investment firm Tweedy, owned the property until his death in 2009. He purchased it for $13.4 million in 1996. He left the property to his partner Andrew Gordon, who died of cancer in 2013.

Rosenstein purchased the property for nearly $115 million more than Browne paid for the property in 1996. And for nearly $147 million more than David Gardner, Lion’s descendant, paid for it in 1901.

 

read more…

 

 

http://www.housingwire.com/blogs/1-rewired/post/30398-record-breaking-147-million-home-once-sold-for-120

Create a Secret Doorway Behind a Bookcase | Armonk Real Estate

 

Everyone’s got something to hide. Cash, documents, jewels, guns, clutter — these are things that earn our extra consideration for being stashed away securely. And no, under your mattress or at the bottom of your sock drawer isn’t going to cut it.

Enter the hidden doorway behind the bookcase. This cool concept keeps your belongings safely tucked away out of sight. Plus, it’s fun. Here’s how to add one.