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Pound Ridge NY Real Estate Market for 2011 | Pound Ridge NY Homes

Predictions for the 2011 Pound Ridge NY real estate market.

Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets: 

1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low mortgage rates will be a feature of the 2011 mortgage market. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year, and initial rates of 5/1 hybrid adjustable-rate mortgages will likely remain below 4 percent in 2011. 

.2. Prices have hit bottom. House prices are likely to begin a gradual, but sustained recovery in the second half of 2011.  

3. Housing will remain affordable. With affordability high, many first-time buyers will be attracted to the housing market in the New Year, likely translating into more home sales in 2011 than in 2010. 

4. Refinances will dwindle. Many eligible borrowers have already refinanced and the federal Making Home Affordable  refinance program is expiring on June 30. While fixed-rate loans are likely to remain low, they will move up gradually, making it even less likely that refinances will be attractive to most home owners 

5. Delinquency rates will decline. Based on the last several business cycles, the share of loans that are 90 or more days delinquent or in foreclosure proceedings — known as the “seriously delinquent rate” — generally crests within a year of the start of the recovery in payroll employment, and this economic recovery appears to fit within that pattern. Payrolls began to rise last January, and by the spring the seriously delinquent rate had begun to fall. 

Source: Freddie Mac (12/09/2010)

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Pound Ridge NY Home Wins AIA 2010 Design Award | Pound Ridge NY Real Estate

FOUR residences in Westchester County — two multifamily and two single-family homes — are among 13 winners of the 2010 Design Awards given every year for the past 20 by the 600-member Westchester-Hudson Valley chapter of the American Institute of Architects.

The awards, conferred late last month at the Jacob Burns Film Center in Pleasantville, acknowledge “design excellence and the best architecture recently produced in the chapter area or by a chapter member,” said Raymond Beeler, a Pelham architect and a chairman of the awards committee.

Thematically they seem to share a focus on the environment, and the safest, most practical ways to live within it. The four structures are:

FLOOD HOUSE, MAMARONECK

This 1,700-square-foot two-family house near Long Island Sound was built by Habitat for Humanity for a mother and daughter who lost their 1940s single-family cottage when the Mamaroneck River flooded in April 2007.

Built on concrete piers, the new residence was designed by Jason Taylor, the principal of the J. Taylor Design Group in New Rochelle, and Nick Viazzo, an associate, to rise above floodwaters, to resist hurricane-force winds and to be accessible to persons with disabilities. It uses L- and I-shaped piers as both stilts and buttresses against wind.

“This is a very different-looking house for this neighborhood,” Mr. Taylor said, alluding to the piers. “It looks like something you might find along a beach or perched beside a lake. But it actually sits along a normal suburban street with your standard mix of traditional-style homes.” He used cedar shingles and paint colors that blend with nearby houses.

Each half of the two-family has two bedrooms, a bath and a large living-dining area with a kitchen. Because one of the occupants is elderly, it has an elevator that serves both sides.

Mr. Taylor incorporated energy-efficient and sustainable elements into the house. But it is not certified by the United States Green Building Council as adhering to standards known as LEED (for Leadership in Energy and Environmental Design), he said, because “that entails a lot of record-keeping and a LEED coordinator, which makes it too expensive.” The project, using volunteer labor, cost $250,000.

RIVER TOWN HOUSE, HASTINGS

Christina Griffin, an architect in Hastings-on-Hudson, converted a 1910 railroad flat building into two condominiums, in accordance with the highest level of LEED certification. The structure has thermal panels and is designed to harvest and recycle rainwater, among other things. The three-story building — with glass walls and roof decks at each level — overlooks the Hudson River, the Metro-North railroad tracks and remnants of factories where its original occupants worked.

The architect owns the building. The condos, each with three bedrooms, are both listed at $999,000 and have been on the market for a year. Ms. Griffin questioned whether a market exists for LEED construction. “People say they like the idea of a green house,” she said, “but they don’t want to pay more for one, especially in the current real estate market.”

She said that even though prices for many materials used in green construction had come down in the past 12 months, the condos were far more expensive to build than if she had not sought LEED Platinum certification, the highest level. The cost of the project, including purchase of the land, was $1.3 million.

LINK HOUSE, POUND RIDGE

The three-bedroom residence in Pound Ridge, by Carol Kurth of Bedford, is called Link House in part because it seeks to link 21st-century advances with a midcentury-style aesthetic. One of Ms. Kurth’s first projects, dating to 1983, it has since been occupied and renovated by five different owners.

She was commissioned by the current owners, a retired couple, to return the house to its origins, and to add a guest suite and a large music room.

A trend in renovating today, especially when it comes to modern houses built in the last century, is to simplify, creating what Ms. Kurth describes as a “spa-like serenity.” For example, the bathrooms in the Link House have cedar walls, ivory stone countertops and a floor that resembles concrete — “very natural,” she said, “without any veining or swirling patterns.”

Ms. Kurth observed that in the current climate there are decidedly fewer commissions for residential construction, but that “what we’re doing a lot of these days is breathing new life into homes.”

While declining to provide specifics, the owners said the renovation cost less than $400,000.

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The Marketing and Selling Process in Pound Ridge NY | Pound Ridge Real Estate

Comprehensive Market Analysis in Pricing Your Home

 Property Specific Marketing of Your Home
All the Benefits of Our Rock Solid Alliance with Prudential
Consumers do not look to a single source to purchase a home. They are researching and shopping on the internet, in local papers and the real estate sections of a vast array of publications. Prudential Holmes and Kennedy’s proprietary marketing model surrounds the consumer with our property listings from traditional print media, public relations and direct mail to superior internet exposure. Our ongoing commitment ensures your property will be previewed in a consumer’s initial search, leading to a personal showing where your Prudential Holmes & Kennedy REALTOR will bring all your property’s unique features to life.

The most important factor to consider when choosing a real estate firm to represent your home is to find a firm with significant experience in selling comparable property. Our marketing model directs the most potential buyers to personally preview your home. Any REALTOR can promise you an ad in the local paper, but our experience has shown that full exposure of your property in multiple mediums is the best way to reach the largest potential buyer pool.

Internet Marketing

Over 80% of homebuyers begin their search on the internet.

Prudential Tri-State Connection

No other brokerage in Northern Westchester can claim our unique affiliation with our Tri-State partners. Others may have offices throughout the county, but no one else has their own website, joint marketing, tri-state co-brokerage groups and networking events. Even our tri-state relocation directors meet quarterly.

PrudentialTristate.com is the gateway to over 100,000 current property listings within the 100-mile radius of Midtown Manhattan.  In 2004, the Prudential Tri-state group concluded 21 Billion Dollars in sales with 47,000 transactions.  As part of the Prudential Tri-state group, we are linked to:

Prudential Douglas-Elliman in New York City  
Prudential Douglas-Elliman in Long Island
Prudential Connecticut
Prudential New Jersey
Relocation Services

Prudential Relocation is a leading provider of global mobility, creating a constant flow of home buyer traffic in and out of our Westchester market.
 
Referral Services

Our affiliation has a membership of over 2000 offices and over 64,000 real estate professionals throughout the United States and Canada.  The Prudential referral program maximizes lead opportunities by supporting broker-to-broker activity.

Multiple Listing Services (MLS)

Founded in 1916, the Westchester County Board of REALTORS®, Inc. (WCBR Inc.) is a not-for-profit trade association representing more than 7,000 real estate professionals doing business in Westchester County and the surrounding region.  WCBR owns and operates the Westchester-Putnam Multiple Listing Service, Inc. a corporation that manages a large database of available properties listed by REALTORS®.

The term REALTOR® is a registered mark. It refers only to those licensed real estate brokers and salespersons that hold membership in a REALTOR® organization such as ours, who agree to be held accountable to a strict Code of Ethics and who also agree to periodic ethics education and other professional instruction that is required by the Board.

 Direct Mail – Published by Prudential Holmes & Kennedy

The Holmes Report
Quarterly Reports
Residence Guide
Just Listed Cards

Brochures

A detailed, four-color brochure ensures that prospective buyers, open house visitors and cooperating agents will recall the critical features of your property long after they have viewed your home.  It is displayed in the home, in our office lobbies, used for special mailings and sent to out-of-town prospects.

Advertising

Our experts will developed a high impact print media advertising plan identifying selected media vehicles that present your home to target buyers.  Our affiliation with Prudential extends our advertising strength.  Its network members spend millions of dollars each year placing advertising in the most prestigious publications and on high profile television stations to promote brand awareness.

Yard Signs

A 24 hour marketing tool that attracts the attention of prospective buyers.

Broker and Public Open Houses

An invitation to the Broker and public communities to view your property without an appointment or obligation to buy.  Open houses are announced via print media and on various websites such as: MLS, Realtor.com, NYTimes.com and Pruholmes.com.

Additional Marketing Activities

Introduce the Property to Fellow Agents

Provide a Secure Lockbox for your Home
Follow-up with Buyers and Agents
Educate You to the Real Estate Market
Arrange Showings
Pre-screen potential buyers
Attend Inspections on your Behalf
 Provide Home Warranty Options
Present, Evaluate and Negotiate Offers
Prepare and Distribute Required Documentation
Resolve Seller/Buyer Conflicts
Coordinate Repairs
Facilitate Closing and Transfer of Property

Pound Ridge NY Weekend Real Estate Update | Pound Ridge NY Real Estate

83 homes for sale

Low price $380,000

High Price $10,000,000

Median price $999,000

Average size 4129 square feet

Average price $360/ foot

Average DOM 145 days

 

 

Call Robert Paul for your market update 914-325-5758.

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Heating With Gas Or Heating With Oil – The Great Energy Debate | Pound Ridge NY Real Estate

How to Decide Between Oil and Natural Gas to Heat Your Home

Every year, thousands of homeowners make a decision about which fuel will be their primary heating source for the winter: use oil or natural gas?. The pressure of winter’s arrival often leads to a quick decision, but determining which fuel makes the most economic sense depends on a complex set of circumstances that most homeowners have difficulty sorting out . With this simple questionnaire, the gas boiler service dublin offers a guide to help determine the best way for you to keep warm this winter and reduce your heating bills.

By Roy Berendsohn

Having been a home improvement editor here for more than 20 years, I can make one prediction with uncanny accuracy: As cooler weather settles in, heating questions will arrive. It may seem obvious. Yet, there’s a specific skew for our readers in the Northeast and mid-Atlantic regions. They ask us which heat source is less expensive over the long haul–oil or natural gas. Based on past experience, these are oil-heat customers, and in the heating battleground that encompasses this region, they’re bombarded with claims about the benefits of both fuels. This year, the cost of natural gas for residential users is low–about where it was three years ago. When you adjust for inflation, its price has actually dropped. So I’m predicting an upswing in interest in this topic (an increase that will likely subside when the price of gas begins to rise). As gas remains competitive, deciding whether to use it becomes more complex.

See the checklist below to sort your way through. The more answers you check as “Yes,” the more likely that the switch from oil to gas may make sense. If you check “Yes” on only on 1 to 3 questions, your current setup works fine. Check more than four, however, and it’s worth investigating your options. Seven or more means it may be time to switch to gas.

Notice that I say, “may.” I’m not advocating one fuel over the other. The fact is, either can be burned cleanly and efficiently. Both have advantages and disadvantages, which can vary–consult your local fuel-oil and gas providers and mechanical contractors (the businesses that install heating and cooling equipment).

Finally, there’s the propane option, and many customers in the Northeast and mid-Atlantic would do well to consider it. If you live in a competitive propane market, the more of the answers that you check as Yes, the more likely that propane could be a viable option as well.

As a side note, consider the Energy Information Administration’s unbiased comparison of heating-fuel costs. To get a sense of how this works in your market, plug local price figures into the cost calculator offered by Penn State’s engineering department.


Here’s the PM guide to heating-fuel options. Check all that apply.

1. Your oil-heat boiler or furnace is shot and needs to be replaced.

YesNo

2. Your chimney is old and needs to be rebuilt or relined. Note: New oil or gas boilers and furnaces can be vented directly through the side of the house, bypassing the chimney entirely.

YesNo

3. You have a natural gas line available and the utility company’s cost to run a lateral line from the street to your house is low.

YesNo

4. The company that will run the gas lateral to your house can place the gas meter conveniently–for example, so that the existing gas line inside the house can access the meter without significant mechanical disruption or remodeling. Note: You need a heating/cooling contractor’s input to answer this question.

YesNo

5. It appears that the gas lateral will create minimal disruption to your property and landscape.

YesNo

6. Over the past ten years, you’ve tried several fuel oil providers in your area, at several different price and service plans. You’re dissatisfied–either the quality of service has been poor from a mechanical standpoint, or the company just seems unfriendly.

YesNo

7. You want the fuel oil tank out of the basement. It’s either old, rusty and smelly, or you just want it out to free up space down there. Note: Getting an old fuel oil tank out of a basement, especially a crowded one, is a big job. Take some careful measurements of the tank and all stairs or exterior doors before proceeding. PM contributor Pat Porzio, a mechanical contractor, reminds us that some municipalities may require you to pull a special building permit just for the removal of the oil tank, regardless of whether it’s above or below ground, indoors or out.

YesNo

8. The fuel tank is free-standing and located outdoors. Although it’s mechanically sound, you find its appearance unattractive and would like to be rid of it Note: See above, regarding tank-removal permits.

YesNo

9. The oil-fired boiler or furnace is located in a utility closet somewhere in close proximity to the living space (not the basement or in a crawlspace) and it’s too loud. You’re hoping to reduce noise in the living space with gas-fired equipment. Note: 10. Oil-fired equipment tends to be noisier than gas-fired, though there are exceptions to this broad rule of thumb. If you’re replacing a furnace or boiler, speak to your oil-heat provider or mechanical contractor about noise reduction. If they know that this is an issue, they can better identify quieter equipment and noise-reduction measures (such as relocating equipment to a place where its sound will be less bothersome).

YesNo

10. You have an electric water heater that needs to be replaced along with the heating equipment. You’re hoping to switch to a gas-fired water heater for better hot-water performance. Note: You can also get an oil-fired water heater. Oil-fired water heaters are generally more expensive than comparable gas-fired models, and they need to be tuned yearly, like an oil-fired boiler or furnace. On the other hand, they’re extremely potent hot-water producers–residential versions of these appliances are nearly as powerful as their commercial counterparts. If plentiful hot water is an issue, they’re hard to beat. Also, an oil-fired boiler can be equipped to produce sufficient hot water, as can a gas boiler. Again, investigate your options by talking to both your oil supplier and a heating/cooling contractor in order to make an informed decision.

YesNo

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Picking Your House Color in Pound Ridge NY | Pound Ridge NY Real Estate

How to Pick Exterior House Colors


Picking exterior house colors is an exciting time. House exterior painting adds a fresh look to your home. But finding a flattering color scheme can also be overwhelming. You want the color scheme for your house design to be perfect. To help reduce frustration when planning to house exterior painting, you need to know the ins and outs of picking a color scheme for your house design. Read on to learn how to pick exterior house colors that will have you grinning from ear to ear. The beauty of your home begins with the right exterior color scheme.

Difficulty: Moderate

Instructions.

1)  The first step on how to pick exterior house colors is to choose between a light or dark color scheme. Painting the exterior of your house with a light color scheme will tend to make your house stand out more from its surroundings. A house design exterior color scheme that is dark is usually good for when you want your home’s colors to blend in more with the surrounding environment.

2)  Next, decide if you want a warm or cool color scheme for the exterior of your house. A warm color scheme can give your house design a livelier look. A house exterior with a cool color scheme tends to match its surrounding environment and not stand out as much.

3)  The last step on how to pick exterior house colors is to choose an accent color. An accent that is lighter than the main exterior house color will help a small house look bigger. A lighter accent color on the front door and window shutters will also help these areas stand out more. Just be careful to pick an accent color that contrasts well with your main exterior paint color.

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Town of Pound Ridge NY Has to Raise Taxes Again | Pound Ridge NY Real Estate

POUND RIDGE — Residents would see a 3.4 percent tax increase under the town’s preliminary budget.

The proposal would spend roughly $7.1 million for the general and highway funds, a $146,003 decrease from 2010, according to a town budget synopsis.

While spending is going down, the town is also decreasing the amount of surplus it has set aside in 2011 to help pay for town operations.
The 2010 budget appropriated $850,000 in surplus, while in the proposed 2011 budget, the amount of surplus used would drop to $500,000, said Steve Conti, the Pound Ridge finance director. The town’s goal in the coming years is to lower its reliance on surplus to fund expenditures, Conti said.

“At $850,000 a year, the fund balance would be zero in three to four years,” Conti said.

There are number of areas where the town will save money next year. The departure of a retiring highway department employee, for example, will save the town about $90,000, Conti said. The budget plan also calls for a wage freeze for town employees.

But the town faces rising expenses in other areas. The cost of providing health care to employees is expected to go up by $32,000 in 2011 and town contributions to workers’ pensions will increase $51,000, Conti said.

Deputy Supervisor Jonathan Powers said that amid a challenging budget environment, town officials have been scouring the budget lines looking for savings.


“It’s a modest tax increase,” Powers said. “Because we haven’t laid off any employees, there’s no reduction in services to the town.”
The tax rate for the general and highway funds is $11.81 per $1,000 of assessed value. For the owner of a home assessed at $179,629, the town average, the annual tax bill would be $2,121.44, or $69.86 more than 2010.

While the tax rate to pay for the general and highway funds is on the rise, the amount residents will pay for the land reserve tax will go down in 2011.

That’s because the land reserve tax temporarily declines for the next two years under a ballot initiative , passed this month, that renews the open-space levy for an additional 10 years.

The open-space tax is typically $1 per $1,000 of assessed value, but in 2011 it will be 50 cents per $1,000 of assessed value.
The public hearing on the budget is scheduled for 8 p.m. Dec. 2 at the Town House, 179 Westchester Ave.

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Pound Ridge NY Town Board has to Decide on New Cell Tower | Pound Ridge NY Real Estate

A group of Pound Ridge residents want the town board to defer making decision on a plans by T-Mobile’s for building a cell tower in Scotts Corners until a task force can be established to develop a new strategy for the town’s cell tower placements.

The 29-Acre Preservation Association is leading a group of residents who are expected to make their case for the task force during tonight’s public hearing on T-Mobile’s tower construction.

Association member Melinda Avellino said Pound Ridge needs a committee that can create a town-wide cell service “overlay” and evaluate all “new and existing equipment sites or plans, and ensuring that all application and zoning requirements are met by the applicant.”

“We believe that taking a proactive approach is necessary to ensure the responsible placement of cell service equipment that best protects its citizens,” she said.

Tonight’s hearing, scheduled for 7 p.m. at the town house, gives the board, as well as the public, the opportunity to review and comment on T-Mobile’s application for the special use permit it needs to construct a 130′ tower at the Pound Ridge Lions Club Ambulance headquarters on Westchester Avenue in Scotts Corners.

Aside from engineering and construction details, T-Mobile’s presentation will include an overview of the criteria used to select the ambulance corps location from among the 20-plus sites it considered for the tower — a process that began in 2007.

“We’ve invested three years and a lot of money working with town planners, engineering and building consultants to get this project in front of the public,” said Jane Builder,  Senior Manager of External Affairs for T-Mobile’s northeast engineering division. “We’ve been sensitive to the various concerns throughout the entire process, and approval from the board will mean cell service for this part of town is finally close to becoming a reality.”

Tower Location Lacking Consensus

But all time and money spent did not keep the board from voicing concerns over the ambulance corps site at its regular meeting last month. According to Deputy Supervisor Jonathan Powers, those concerns center around the topographical features of the location.

“On the one hand it limits the height of the tower and consequently the amount of service coverage,” Mr. Powers said. “On the other, the location and height of the tower will have a definite visual impact.”

Mr. Powers said the board was concerned enough to request that T-Mobile further explore the possibility of building a tower on an alternative site, on a tract of land owned by Oceanus Navigation, located on the opposite side of Westchester Avenue, near the top of Hemlock Hill Road.

He said the Oceanus Navigation location had been on T-Mobile’s list of possible sites and because the property’s elevation was much higher, it could accommodate a 170′ tower and significantly greater service coverage.  The site had been eliminated from consideration because after a year trying, T-Mobile had not been able to secure an agreement to lease the land from its owner.

At the board’s insistence, however, T-Mobile agreed to conduct a balloon visualization test on the property.

The 29-Acre association members present at the meeting reacted by openly challenging the board’s ability to act in the best interests of its constituents.

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Pound Ridge NY Real Estate Report | November 2010 | Rob Report Blog

 

Eighty-five (85) Pound Ridge NY Homes are currently available. The Median Price for Pound Ridge NY Homes is currently $989,800. The low Pound Ridge NY Home for sale is $317,000 and the high is $10,000,000. The average home takes 132 days to sell. The average size for a Pound Ridge NY Home is 4090 square feet and is asking $344 per foot.

Over the last three (3) months the Pound Ridge NY Real Estate Market is up 27% compared to the same period in 2009. The current sold Median Price in Pound Ridge NY is $796,675. In 2009 the Median Price was $825,000. The average Pound Ridge NY Home selling is 3353 square feet, takes 165 days to sell and averages $271 per square foot. The average selling price to asking price in Pound Ridge is 92.55%.

In 2009 the average Pound Ridge NY Home was 3498 square feet, took 230 days to sell, and averages $267 per foot. The average Pound Ridge NY Home sold at 92.81% of asking price in 2009. (source: EAMLS.)

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History of Pound Ridge NY | Pound Ridge NY Real Estate

Originally home to the Siwanoy and Kitchawong Indians (Mohican tribes, a subgroup of the Algonquians), the town takes its name from a tribal “pound” or enclosure for game that was on one of the area’s many “ridges”. The Indians led a relatively peaceful life of planting, hunting, and fishing.

Pound Ridge was originally settled in 1640’s as part of a tract of land purchased from local Indians by Captain Nathanial Turner, and it was officially incorporated in 1788. For the last 250 years there has been much controversy over the spelling of “Pound Ridge” or “Poundridge”, but finally in 1948 the Town Board declared the name to be the two-worded version.

During the Revolution in 1779, Pound Ridge was the scene of the dramatic raid led by the British Lt. Col. Banastre Tarleton (his portrait by Sir Joshua Reynolds shown at right). He overwhelmed the local militia commanded by Major Ebenezer Lockwood and the regiment of Continental Light Dragoons (mounted infantry) led by Lt. Col. Elisha Shelton stationed in the Hamlet area. Fortunately, Tarleton got a bit lost finding Pound Ridge, which enabled the Americans more time to prepare. However, with better than a 2 to 1 advantage, Tarleton (a.k.a. “The Butcher”) conquered, plundered, and burned much of the town. 

By 1920, the population dwindled to 515. Then, during the 1930’s things changed. Hiram Halle, an inventor and businessman, came to Pound Ridge from New York City and began renovating and reconstructing houses. 

He hoped to enhance the community, and it did attract actors, writers, artists, and musicians. They discovered that Pound Ridge was a charming and convenient getaway and began purchasing homes. Benny Goodman was one of the first of these residents, and he even composed a melody entitled “Pound Ridge”.  Many creative people and celebrities continue to move to Pound Ridge (sometimes referred to as the 2nd Hollywood).

By the 1940’s, Pound Ridge’s population rose to almost 800, and it continued to grow slowly and steadily to 4,000 in 1980 and 4,550 in 1990 to 4,700 in 2000.

Interest in the preservation of Pound Ridge’s architectural heritage has also been maintained throughout the years. These older landmarks and homes (with wells and barnegats for crushing seashells) are an integral part of the character of the town and provide the community a shared “pride of place”.

The current population of the residents of the Town of Pound Ridge, NY includes 4,918 people (2004 US Census) living mostly in single-family dwellings on 2 or 3-acre minimum zoning districts.

In addition there are deer galore, emus, swans, ducks and geese, foxes and coyotes, raccoons, otters, squirrels, chipmunks, frogs, crickets, etc..

And last but not least is the official Town of Pound Ridge Cemetery originally known as “Burial Hill”.
 

Town of Pound Ridge

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