Tag Archives: Westchester NY Homes for Sale

Westchester NY Homes for Sale

Cardinal Dolan Enjoys Event-Filled Visit To Westchester | Chappaqua Real Estate

Cardinal Timothy M. Dolan commended Archbishop Stepinac High School for its upstanding students and technological innovation during his visit on Wednesday.

Dolan, the Archbishop of New York who was identified as a close contender during the last papal conclave in March, visited the school to say Mass, meet students and faculty, answer questions and tour the new technology center.

“Our board and the entire Stepinac community appreciate not only his visit, but the opportunity to show the Cardinal firsthand how Stepinac has transitioned to a 21st century education model while retaining our deep commitment to our faith,” William F. Plunkett Jr., chairman of the Stepinac Board of Trustees, said.

Some of Westchester’s dignitaries were also present, including County Executive Rob Astorino, Deputy County Executive Kevin J. Plunkett and White Plains Mayor Thomas Roach.

In his homily, Dolan told the 700 students, faculty and staff the story of Cardinal Archbishop Aloysius Stepinac, a Croatian cardinal who maintained his Catholic faith in the face of the Nazi and Communist regimes.

He praised the school for continuing Stepinac’s legacy with its commitment to service and religious lifestyle.

As part of the mass, he blessed over 700 rosaries for each member of the Stepinac community. Later, he answered questions from students about his religious journey and duties as Archbishop.

Dolan concluded his visit by touring the school’s tech center, which has helped make Stepinac the first high school in the United States with a complete online textbook library.

“It sends a message to the community that although Stepinac has a time-honored tradition,” Mayor Roach said of Dolan’s visit. “It is committed to moving forward every day.”

The school presented Dolan with several gifts, including a painting to hang in the school in his honor, a Stepinac hat and sweatshirt, and a memorial tree planted in his honor.

Dolan returned the favor by saying he would grant the students a day off in the near future, which elicited a loud round of applause.

 

 

http://chappaqua.dailyvoice.com/news/cardinal-dolan-enjoys-event-filled-visit-stepinac

Brokerages Step up to One-Stop Shopping | South Salem NY Real Estate

Despite six years of a depressed housing economy that reduced Realtor ranks by one-third, real estate brokerage companies are closer than ever to achieving the long-sought dream of becoming one-stop shops  providing their customers all the services they need to buy or sell a house.

A new survey Imprev, Inc. found that 75 percent of top real estate executives responding said their brokerage firms offer at least one major ancillary service and mortgages are the No. 1 additional offering.  Some 89 percent of the real estate firms that offer at least one ancillary service offer home loans.

Nearly three-quarters (71 percent) offer title services and nearly half (49 percent) offer home-warranty services.

“For decades, the National Association of REALTORS® has tracked growing consumer interest in a one-stop shop through its surveys,” said Renwick Congdon, chief executive officer of Imprev, a real estate marketing software firm that works with 150,000 agents and brokers nationwide.

“Clearly, the industry’s thought leaders are making it happen in their firms,” he added.

According to a 2011 NAR and Harris Interactive study, the number of consumers interested in using a service provider affiliated with a brokerage firm increased 34 percent from the first survey completed in 2008.

In the NAR/Harris study, 78 percent of homebuyers said that one-stop shopping would save them money; 75 percent said it would make the process more manageable and efficient; and 73 percent said that a one-stop real estate shop would prevent the details relevant to their transactions from “falling through the cracks” — as well as make the entire process “more convenient.”

When real estate executives were asked to select the top benefits from offering ancillary services, 79 percent said “higher profits”; 70 percent said “one-stop marketing opportunities”; 62 percent said “increased customer satisfaction”; and 60 percent said “better quality control.”

The survey was conducted in late May. Poll respondents included top executives at leading franchises and independent brokerage firms responsible for more than one-third of all U.S. residential real estate transactions last year.

http://www.realestateeconomywatch.com/2013/08/

Two Vintage Carl Fishers Plus Bonus Cottage Now $1M Cheaper | Waccabuc Real Estate

When we first posted about this compound in Montauk, in between the usual bickering about hipsters and cityfolk, one commenter wrote “If they get anywhere near asking I will be amazed. This place is a total gut renovation.” So far, you’re correct, Guest 14, as the price is now a cool million dollars lower at $3.45M. Any guesses now about the final selling price? (Note: we still love the green bathroom.)

The property has plenty to offer: three acres of land with three buildings on them. We love Carl Fisher Tudors—and this property offers two of them, though they need work. One house has a five bedroom, five bath main part, with the staff quarters as a three bedroom, one bath separate apartment. The second Tudor is in rougher shape and is broken up into two apartments. There’s also a cottage that looks extremely dilapidated. So that’s three buildings with five legal C of Os. · Investment Opportunity-Compound; Carl Fisher Tudors [Corcoran]

Should you consider an adjustable-rate mortgage? | North Salem Homes

It’s getting harder for many first-time buyers to afford a home in many markets across the country. The average rate on a 30-year, fixed-rate mortgage has climbed 16% in the past year, at the same time that the median home price shot up 14%.

In the past couple of months, lenders say, buyers looking to lower their monthly payments have started inquiring about adjustable rate mortgages, those riskier mortgages often blamed for the housing bust.

“We are definitely seeing more interest in ARMs,” says Malcolm Hollensteiner, director of retail lending for TD Bank.

Can they be trusted this time around? Who should consider these loans, which vary in rate after an initial fixed period? And who should stick with the standard 30-year fixed-rate loans?

In this September installment of Buying Advice, we’ll school you on the pros and cons of today’s adjustable-rate mortgages, check in with the latest housing statistics and help you understand origination fees when shopping for a mortgage.

 

 

http://realestate.msn.com/

Build a Self-Watering Container | Bedford Hills Real Estate

The following is an excerpt from The Urban Homestead by Kelly Coyne and Erik Knutzen  (Process Media, 2010). Homesteading from their bungalow two blocks off of Sunset  Blvd. in Los Angeles, Coyne and Knutzen offer up scores of tips and  step-by-step projects for sustainable, self-reliant living in a bustling  metropolis. With more and more urbanites looking to become farmers and  gardeners, Coyne and Knutzen’s fantastic guidebook couldn’t be timelier, and the  duo’s lighthearted, thrifty approach to self-sufficiency shows there is greater  power and happiness in creating than in spending. This excerpt is from Chapter  2, “Essential Projects.”

These containers make it easy to grow vegetables in pots. They are  ideal for apartment gardening, but are so useful that everyone should consider  using them to maximize their growing space.

The problem with growing food in pots is that pots dry out quickly and it’s  all too easy to forget to water. Irregular watering causes all sorts of problems  for sensitive fruits and vegetables. Container gardening is also  water-intensive. During a heat wave it may mean visiting the plants with the  watering can two or even three times every day — obviously not a practical  scheme for someone who works away from home, or someone with any kind of life at  all.

An elegant solution exists in the form of self-watering containers. Rather  than having a hole in the bottom of the pot, a self-watering container (SWC) has  a reservoir of water at the bottom, and water leaches upward into the soil by  various mechanisms, keeping it constantly moist. The top of the pot is covered  with a layer of plastic that discourages evaporation. Depending on how deep the  water reservoir is, it’s possible to go about a week between fill-ups. This  arrangement, combined with the plastic layer, prevents both over-watering and  under-watering that can occur with conventional pots. In other words, it takes  the guesswork and anxiety out of watering.

Kelly says: I’m going to tell you right now that you can buy  yourself a self-watering container at earthbox.com. It’s great to make SWCs with found materials  and all, but if these instructions make your eyes cross, or if you just don’t  have time, there is no shame in trotting off with your credit card and ordering  a couple of these ready-made. They start at about $40.

Erik says: Au contraire, ma petite amie! All it  takes is two 5-gallon buckets, a few other easily scavenged items and about an  hour’s worth of time. Those Earthboxes are damned expensive and my time is  cheap.

A few years back, an Internet hero named Josh Mandel figured out several  different techniques for building DIY self-watering containers out of old  buckets, soda bottles, storage tubs, etc. His plans are widely disseminated  online, and you’ll find links to his instructional PDF files on our website.

Inspired by Mandel’s methods, we started making our own self-watering  containers. Each SWC is a little different, because each one, being made of  found materials, is an improvisation. We’re going to show you how to make a simple SWC out of two 5-gallon buckets. (See several of  these 5-gallon self-watering containers in use on a Chicago rooftop garden.) After you have the basic principles  down, improvising future containers on your own out of whatever you have on hand  should be easy.

The 5-gallon size described is good for one big plant. Try a basil plant in  it, especially if you like pesto. Basil thrives with the steady moisture, as  does Italian parsley, so both herbs grow huge in SWCs. Or plant a tomato, but be  sure it is a small tomato. Look for types designated “patio” or “basket” tomatoes. These are bred to perform well in tight conditions. A 5-gallon  container may seem big, but tomatoes have some of the deepest roots of all  vegetables. If you plant an ordinary tomato in a SWC, its roots may find their  way into the reservoir, and then it would become waterlogged.

For your next project, we recommend that you visit Josh Mandel’s PDFs for  instructions on how to construct a larger, slightly more complex container out  of 8- to 10-gallon storage tubs. That size SWC is good for growing a little  salad garden, a stand of greens, a patch of strawberries or even a blueberry  bush.

5-Gallon Self-Watering Container Instructions

It all starts with providing a water reservoir at the bottom of your  container. You can do this either by nesting two containers together (the top  one holds soil, the bottom one water), or by making some kind of divider that  sits toward the bottom of a single container and holds the soil above the  reservoir. However you construct it, the barrier between the soil and water  should be full of small holes for ventilation.

The water is pulled up from the reservoir and into the soil by means of  something called a wicking chamber. This can be a perforated tube, a basket, a  cup or anything full of holes that links the soil to the water. The soil in the  chamber(s) becomes saturated, and it feeds moisture to the rest of the soil.

The reservoir is refilled by means of a pipe that passes through the soil  compartment down to the very bottom of the container.

The last essential element is a hole drilled into the side of the container  at the highest point of the reservoir. This is an overflow hole that prevents  you from oversaturating your plants.

Read more: http://www.motherearthnews.com/print.aspx?id={4FC5844B-9152-4A0F-864E-CAAD12330AD3}#ixzz2fFeJzSLw

Las Vegas bomb shelter estate for sale at $1.7M | Bedford NY Real Estate

In 1978, a Las Vegas businessman built a bomb shelter for him and his wife to live in in case of Soviet attack.

Now, the estate, made up of two underground houses and an above-ground house with a garage and an acre of land, is listed for sale at $1.7 million. Amenities include a putting green, 360-degree mural, and an underground yard surrounding the place on all sides.

Source: Fast Company

– See more at: http://www.inman.com/wire/las-vegas-bomb-shelter-estate-for-sale-at-1-7m/#sthash.rFDXbJte.dpuf

Archbishop Stepinac Goes All-Digital With Textbooks | Armonk Real Estate

Archbishop Stepinac High School introduced a new concept to its academic program on Tuesday as it rolls out a complete digital textbook library for its students.

This program will eliminate the need for the traditionally heavy and expensive books that students use for their academic courses.
In partnership with Pearson, a provider of educational materials, technologies, assessments and related services, Stepinac implemented the new digital library for its 675 students on their first day of the new school year. Stepinac has worked with Pearson for the past two years to offer select digital books to its students, but this is the first time all of its textbooks will be online.

“In keeping with Stepinac’s commitment to remain at the forefront of educational technology, we have moved to this digital library,” said the Rev. Thomas Collins, president of Stepinac. “We are thankful to Pearson, the world’s leading learning company, for working with us on this national pilot program that will set the trend for schools across the United States for years to come. The digital library will help keep our tuition affordable as well as prepare our students for their college careers.”

After a student is charged a one-time annual fee of $150, he can visit the 40-textbook digital library through a website or application for various Androids and iPads to gain access to its College Prep Digital Library and the Honors/AP Digital Library. Typically, students purchase seven hard copy textbooks for the school year, costing $500 to $600 on average.

 

 

http://whiteplains.dailyvoice.com/schools/archbishop-stepinac-goes-all-digital-textbooks

 

 

 

Three Cents Worth: Manhattan’s Middle Market Shows Life | Cross River Real Estate

This week I thought I’d take a look at the breakdown of sales by price in the most recently completed quarter.  Last year I was using a donut analogy to describe the Manhattan apartment market—weak in middle and strong on the outside (bottom/top). I wanted to illustrate how the mix in 2013 could be showing signs of change rather than continuing to see a disproportionate amount of activity on the margins. For reference I provided an inset in the form of a pie (sorry) chart to show a simple breakdown of the market in the second quarter of 2013.  The column chart was a bit more involved.  It represents the difference between 2Q 2013 and 2Q 2012 as measured by percentage to illustrate any market shifts that may be occurring. For example, the market share of the $1K-$500K was 21.3 percent (in pie chart), 4.1 percent less (in column chart) than 25.4 percent in the year ago quarter.

· Sub $500k market lost share (4.1 percent) likely due to lack of supply and tight credit.  Too soon in the data to see rise in mortgage rates but expect more weakness. · $501k to $4M or middle, upper middle of market showed slight gains from a year ago—something we haven’t seen in quite a while.  This is nearly 3/4 of the entire market so “middle” is quite a broad description. · $4M+ showed mixed results but generally unchanged.

With rising mortgage rates and little gain in supply across much of the market, I suspect we will continue to see an erosion in market share at the entry level sales as more first time buyers get shut out.  I’d like to think the middle of the market would continue to improve in share—a market starting to see more trade-ups and lateral movement but perhaps not at the pace we’ve seen year to date.  The overhyped high end will probably muddle along in balance with no real change in supply.

 

 

http://ny.curbed.com/archives/2013/08/20/

 

 

 

Jersey Leads in Mortgage Fraud Factors | Waccabuc Real Estate

New Jersey was the only state to make it on all three top 10 lists for mortgage fraud and misrepresentation reported to MIDEX, potential collusion and property defaults, according to the LexisNexis® Risk Solutions 15th Annual Mortgage Fraud Report.

Five states appear on both the Investigation and Origination Mortgage Fraud Indices (MFIs) and the newly-established list of Property Default Rankings: Florida, Georgia, Illinois, Nevada and Ohio.1

Ohio, which ranked first on the Origination MFI list, with a ranking of 224, had more than two times the expected rate of fraud or misrepresentation based on origination volume.

“This year’s study suggests that the more shared problematic economic indicators a state has, the greater its financial challenges will be in the coming years,” said Tom Brown, Senior Vice President, Financial Services, LexisNexis. “With Consumer Financial Protection Bureau (CFPB) mortgage regulations going into effect in January 2014, and demanding new rules for quality loans, it will be interesting to see what impact this has on overall mortgage defaults.”

Five states – Arizona, California, Florida, New Jersey and New York – occupy space on both the Investigation and Origination MFIs.

Eight states – Alabama, Delaware, Iowa, Kentucky, Louisiana, Pennsylvania, New York and Vermont – rank highly on both Collusion Indicator Indices (CIIs) as areas with high percentages of potential non-arm’s length transaction activity.

Analysis of all loans investigated in 2012 and submitted to MIDEX shows a five-year high of 69 percent of all reports received having some type of application misrepresentation or fraud. Similarly, when focusing on just those loans originated in 2012, 61 percent report application misrepresentation and/or fraud. This is up from 49 percent of loans originated in 2011 and 43 percent in 2010.

For the first time in the study, a nationwide aggregation of available LexisNexis property data was used to determine states most likely suffering from the largest percentage of properties in default. Florida and Nevada experienced the most dramatic decreases in properties in default even though they were ranked first and fourth, respectively, on the list for 2012.

 

 

http://www.realestateeconomywatch.com/2013/09/

A Rustic Zero Energy Home | Bedford NY Real Estate

On the edge of Eagle Mountain Lake, just northwest of Fort Worth, Texas, sits  green builder Don Ferrier’s latest masterpiece — a zero energy home.  Sandwiched between trees and shrubs, the house is a rustic, two bedroom home  with a deep front porch. The exterior siding and interior beams are made of  reclaimed barn wood, giving the home a classic, aged look. This house, which  Ferrier calls the “zero energy casita,” looks like it has been here for years.  In fact, it’s a brand new, eco-friendly home thanks to the insulation, wind  turbine and many other influential features that leaves him with no energy  bills.

Ferrier is no stranger to green home building. His first green building was  an earth-sheltered home that he built in 1982. By 1985, he was designing green  homes and using structural insulated panels (SIPs), which are energy-efficient  building panels that are made by sandwiching pieces of polystyrene between two  pieces of oriented strand board (OSB).  He still uses these today to make  all of his buildings energy efficient.

“I stumbled into it and I can’t take credit for being a visionary,” he  says.

“Once into building green we were totally on board and passionate. I love it  that we have made such a positive difference in so many folks’ lives.”

In 2004, he founded Ferrier Custom Homes with his daughters and long-time  construction supervisor, Tom Grywatch. Ferrier went on to build the first LEED  platinum home in Texas, won the 2007 Green Building Advocate of the Year award  from the National Association of Home Builders and was named one of the “Godfathers of Green” by the Dallas Builder Association. Ferrier Custom Homes  only builds custom homes and the company is involved in the entire process. “Proper planning and design are essential to high performance building,” Ferrier  says.

When designing the zero energy casita, Ferrier’s No. 1 challenge was the hot  Texas climate. Ferrier designed the casita to be air tight and well-insulated by  using SIPS and low emissivity (low-e) windows. Ferrier also chose a galvanized  metal roof (because its silver color will reflect up to 73 percent of heat from  the sun), and installed a radiant barrier, Tyvek Home Wrap, to keep heat and  water out.

Because the house is tightly sealed and well-insulated, it holds in heat  extremely well. That’s an advantage in the winter, but during the summer it’s a  potential problem. However, the large front porch is designed to delay the sun  from hitting the windows until late in the day. A 50-foot oak tree and 40-foot  shrubs around the house also help block the sun in summer and keep the house  cool. Because of the hot climate, Ferrier also decided to install a high  performance air conditioner. He chose an air conditioner with a 16 seasonal  energy efficiency ratio (SEER), which measures the equipment energy efficiency  during the cooling season. This is higher than both the national requirement of  13, and Energy Star standard 14.

According to Energy Star, the average, non-Energy Star home in North Texas  experiences 13 air changes an hour, and the average Energy Star home has six air  changes an hour. Every time the air conditioner turns on in an hour indicates an  air change. In contrast, the tightly insulated zero energy casita, experiences  only one air change an hour. That improves the efficiency of heating and  cooling, but to be sure the home gets enough fresh air, it also has a fresh air  intake.

Ferrier knows the importance of good air quality, so a HEPA air filtration  system and central dehumidification system were also installed. He was careful  to use products without volatile organic compounds (VOC) and formaldehyde, so  the interior was painted with low- or no-VOC paint.

But to be a zero energy home, it must contain a source of power. Wind energy  was a natural choice for Texas, which has the most wind power potential of any  state, according to the National Renewable Energy Laboratory. To utilize this  energy, a Skysteam wind generator was installed in the backyard of the  casita.

In addition to using recycled construction materials, 80 percent of the  construction waste from the casita was recycled. Tree trimmings were reused as  mulch for flower beds and newly planted trees.

Read more: http://www.motherearthnews.com/print.aspx?id={C04A19FF-F4F3-45CE-A035-58565FDEFA6A}#ixzz2f9n98hf3