Dreamily Remodeled Gilded-Age Carriage House Asks $3.74M – House of the Day – Curbed National.
Dreamily Remodeled Gilded-Age Carriage House | Chappaqua Real Estate
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Tag Archives: Chappaqua NY Realtor
United States S&P Case-Shiller Home Price Index Up 4.3% | Chappaqua Real Estate
United States S&P Case-Shiller Home Price Index 2000-2015 | Data | Chart
Case Shiller Home Price Index in the United States increased to 173.02 Index Points in December of 2014 from 172.94 Index Points in November of 2014. Case Shiller Home Price Index in the United States averaged 154.45 Index Points from 2000 until 2014, reaching an all time high of 206.52 Index Points in July of 2006 and a record low of 100 Index Points in January of 2000. Case Shiller Home Price Index in the United States is reported by the Standard & Poor’s.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 173.02 | 172.94 | 206.52 | 100.00 | 2000 – 2014 | Index Points | Monthly | 2000=100; NSA |
The S&P/Case-Shiller 20-City Composite Home Price Index measures changes in residential house prices in 20 metropolitan regions in the United States: Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa and Washington D.C. This page provides – United States Case Shiller Home Price Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for – United States S&P Case-Shiller Home Price Index – was last refreshed on Tuesday, February 24, 2015.
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http://www.tradingeconomics.com/united-states/case-shiller-home-price-index
Homebuilder sentiment slips in December | Chappaqua Real Estate
U.S. homebuilders are feeling slightly less confident in their sales prospects heading into next year, even as their overall sales outlook remains favorable.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday slipped this month to 57, down one point from 58 in November.
Readings above 50 indicate more builders view sales conditions as good, rather than poor.
Builders’ view of current sales conditions and their outlook for sales over the next six months also declined slightly. A measure of traffic by prospective buyers held steady.
The index also found sentiment had improved in the West and Northeast, but took a step back in the Midwest and South, which accounts for half of the new-home market.
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http://www.cbsnews.com/news/homebuilder-sentiment-slips-in-december/
Come See Rural Maryland’s Craftiest, Swankiest Cabin | Chappaqua Real Estate
Photo via Vicco von Voss
Over the last 10 years, German furniture maker Vicco von Voss has been building out his dream cabin in rural Maryland, one piece of timber at a time. Recently profiled in the New York Times, von Voss’s 1,400-square-foot, Frank Lloyd Wright-inspired house is a masterpiece of patient craftsmanship: each plank and beam was milled by hand, using fallen trees salvaged from the woods nearby.
Assembling hundreds of varieties of trees, including the Eastern white pine, cherry, cypress, and swamp maple, von Voss added each design feature with care. Take, for example, how von Voss spent weeks crafting the cherry and yellow wood door to his daughter’s room, which now also has notches carved into them to record her growth. Or the fact that he had to let all of the meticulously scavenged wood age three years per inch to control how they expand and contract through the seasons. Check out more photos of the “results” below (the house is still a work-in-progress) and a slideshow of its construction process over here.
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http://curbed.com/archives/2014/12/01/vicco-von-voss-centreville-maryland-house.php
Always dreamed of having your own mountaintop chalet? | Chappaqua Real Estate
If you’ve ever wanted a ski home, now is your opportunity: superstar Tom Cruise just listed his getaway estate in mountain hot spot Telluride, CO. All you need is $59 million, and the 10,000-square-foot-home on 298 acres is yours.
If that’s a bit out of your price range, it doesn’t mean you can’t attain your goal of having your own mountain getaway. A ski home can be yours in five easy steps.
1. Understand the total cost of owning a ski home
First, determine what you can afford. To do so, have your lender look at the following:
- Cash available for down payment, closing costs and reserves.
- Total monthly cost on your existing home, plus the total monthly cost on the ski home (including principal, interest, taxes and insurance for both homes).
- Total cost to manage the ski home, including homeowners’ association (HOA) dues.
You also need to consider budget items that lenders don’t use in their qualifying calculations, but that are still important for your own financial planning:
- Gas, electric, cable TV and internet, if these items aren’t covered by the HOA dues.
- Housewares such as dishes, cookware and linens.
- Travel costs to reach your ski home for your desired number of visits each year.
- Ski passes and outdoor gear (for winter and summer): skis, boots, poles, snowboards, mountain bikes, kayaks and more.
- Property maintenance like snow removal, cleaning and general upkeep, if these items aren’t covered by the HOA dues.
2. Decide between second home or investment property
Before estimating your costs for the purchase transaction, you first need to consider how you intend to own the property and how much you intend to use it. There are two options:
- Second home. In this scenario, you’d own your ski home with the intent of using it only for your family and friends. Mortgage rates for second homes are the same as they are for primary residences, so your rate will be the lowest it can be. Most lenders require as little as 20 percent down for a second home. Your full primary residence housing cost plus your full second home cost will be used to qualify your loan. The fine print of most lender terms on second homes prohibit renting the home.
- Investment property. You’ll use this scenario if you intend to rent the home in addition to using it as a family property. Mortgage rates are .25 percent to .375 percent higher than second home rates, and minimum down payment requirements are 30 to 35 percent. You can use rental income to help qualify for the mortgage, and the extra income from renting the property when you’re not using it might also make owning a ski home more financially feasible.
3. Review monthly and transactional cost line items
Supposed you wanted to purchase a property in Telluride, CO selling for $525,000. Here’s how much it would cost to buy it as a second home versus an investment property.
- Second home. If you put 30 percent down, your estimated total monthly cost would be $3,586, and your estimated total cash to close would be $177,750. The monthly cost estimates include $1,781 for a 30-year fixed mortgage at 4.125 percent, $1,625 HOA dues, $30 insurance and $150 property tax. The cash to close estimates include $157,500 for 30-percent down payment, $15,750 for 3-percent Telluride transfer tax, $2,500 lender fees and $2,000 title/escrow/inspection fees.
- Investment property. If you put 30 percent down, your estimated monthly cost would be $3,667 (before any rental income you’d receive), and your estimated cash to close would also be $177,750. The monthly cost estimates are $1,862 for a 30-year fixed mortgage at 4.5 percent, and the same as above for HOA dues, insurance and property taxes. The cash to close breakdowns for a 30-percent down payment are the same as above.
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http://www.zillow.com/blog/buy-a-ski-home-in-5-easy-steps-165022/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29
Foreclosures spike as banks ramp up repossessions | Chappaqua Real Estate
More than five years after the foreclosure crisis began, the number of borrowers losing their homes is rising again.
Most of the troubled loans are not new; instead, the backlog of homes in the foreclosure process is finally starting to move more quickly. There was, however, a slight uptick in foreclosures on loans made in 2013 and 2014, a troubling turn.
Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported on 123,109 properties in October, according to RealtyTrac, a foreclosure sales and data company. That is a 15 percent increase from September, and the largest monthly increase since the peak of the crisis in March of 2010. The numbers are still down 8 percent from a year ago.
Foreclosure activity usually spikes in the months before the holiday season, as banks want to get as many done before implementing holiday moratoria. Over the past three years there has been an average 8 percent monthly uptick in foreclosure auctions in October.
“But the sheer magnitude of the increase this year demonstrates there is more than just a seasonal pattern at work,” said RealtyTrac vice president Daren Blomquist. “Distressed properties that have been in a holding pattern for years are finally being cleared for landing at the foreclosure auction.”
Since the crisis began, there has been a distinct difference in foreclosure volumes between states that require a judge in the process and those that do not. Now the difference is fading. Foreclosure auctions in judicial states rose 21 percent month-to-month, while those in non-judicial states rose 27 percent.
“There is still strong demand from the large institutional investors at the foreclosure auction in some markets, but even in markets with decreasing demand at the foreclosure auction, banks can be confident in selling REO [repossessed] properties quickly and at a good price,” Blomquist added. “That’s because there is still strong demand from buyers, particularly in the lower price ranges, combined with a dearth of distressed homes listed for sale.”
Strong buyer demand at foreclosure auctions has helped stem the number of properties being repossessed by banks. October, again, was an anomaly, with lenders taking ownership of nearly 28 thousand properties, up 22 percent from September. Still, repossessions were down 26 percent from a year ago.
“We see far more opportunity to buy than we have capital,” said Laurie Hawkes, president and COO of American Residential Properties, a Scottsdale, Arizona-based, single-family rental REIT in a September interview. “The fallacy is that the buying is over. It’s not.”
But it is slowing for large institutional investors, especially as home prices continue to rise. In some markets, however, where home prices have risen most in the recovery, banks would rather repossess the homes because they know they can sell them for a good price. As investors slow their buying, banks are getting more aggressive with long-delinquent borrowers.
Among the nation’s top 20 metropolitan housing markets, Miami, Tampa, Baltimore, Riverside-San Bernardino and Chicago had the highest foreclosure rates, according to RealtyTrac. Investors have been moving to these markets from former foreclosure hot spots, like Phoenix and Las Vegas.
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https://homes.yahoo.com/news/foreclosures-spike-banks-ramp-repossessions-114000770.html
Actress Mischa Barton facing foreclosure on $6.4M Beverly Hills mansion | Chappaqua Homes
Looks like actress Mischa Barton should have bought in The OC instead of Beverly Hills, as she is now $100K behind on her mortgage payment on her $6.4 million home, according to TMZ.
Barton just got slapped with a default notice — obtained by TMZ — informing her she’s skipped more than 100 grand in payments … triggering the foreclosure process.
The crib is awesome — 8 bedrooms, 11 baths, 3 guesthouses all on 1.2 acres. She bought it for $6.4M in 2005 — when “The O.C.” was a big deal, and took out a loan for $4.2 million.
The show went off the air in 2007 — and Mischa’s been trying to unload the house since 2010 … when she listed it for 8.695M, but no one bought it. She re-listed in 2011, and again … no takers.
Her last ditch effort was attempting to lease it for $35K/month last year … but that move appears to be way too little too late.
Source: TMZ
Aspen’s Most Expensive House Hits the Market for $89.9M | Chappaqua Real Estate
Billionaire businessman William Koch just listed his 32,614-square-foot Aspen mansion for $89.9M. Not only is it Aspen’s most expensive listing by a landslide—a hair under double the cost of the moneyed Colorado city’s second most expensive listing ever—it’s also No. 13 on the country’s list of priciest houses on the market right now, behind just five NYC highrise mansions, two L.A. properties, one Hamptons manor, one San Francisco estate, one Texas manse, and one boring private island in Florida. What does one get these days for $90M in Colorado? A 15-bedroom mainhouse, for one, plus nine other buildings on its 55 acres. Compared to NYC it seems like a deal, though it’s worth considering that Koch bought the property in 2007 for just $26.5M.
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http://curbed.com/archives/2014/06/12/aspens-most-expensive-house-hits-the-market-for-899m.php
How to build a tiny house for $30,000 | Chappaqua Real Estate
This is Alek Lisefski’s tiny home, which was built on a 8-by-12-foot flatbed trailer and inspired by his desire to live a simpler, more sustainable lifestyle. The home measures 13 feet and 4 inches tall, 8 feet and 6 inches wide, and 20 feet long, and can be pulled behind a car
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http://realestate.msn.com/how-to-build-a-tiny-house-for-dollar30000
Demi Moore Wants to Sell Her San Remo Triplex for $75M | Chappaqua Real Estate
[Photo of Demi Moore via Getty]
Actress Demi Moore is looking to sell her home in the celeb-favored San Remo for a whopping $75 million. According to the Post, the price tag—which makes the home a contender for the most expensive co-op sale ever—include’s Moore’s “stunning” triplex, along with a ground-floor two-bedroom. Sadly, there is no official listing, and the Post has zero details about what the apartment looks like. The A-lister has listed in the Upper West Side building for awhile, and last year, the co-op was in the news because Moore wanted ex-husband Ashton Kutcher to pay her for renovations to the unit, which was reportedly valued at $25 million.
Over the years, the building has housed dozens of celebrities, including Donna Karan, Steven Spielberg, Glenn Close, Tiger Woods, Diane Keaton, the late Steve Jobs, and Dustin Hoffman, who sold his triplex for $21 million earlier this year. Moore is asking more than three times that (yes, yes, her asking price does include a second unit), so we’re very curious to see what, if anything, makes it worth that much dough
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http://ny.curbed.com/archives/2014/05/08/demi_moore_wants_to_sell_her_san_remo_triplex_for_75m.php