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Meet New York’s First Micro Home: the 1932 Skinny House | Armonk Real Estate
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From ‘Dawson’s Creek’ Creator to ‘The Simpsons’ Voice Actor | Armonk Real Estate
While the rest of us were eating Thanksgiving dinner and celebrating the arrival of a new year, these celebrities were buying or selling their homes for the holidays.
Hank Azaria
2120 N Beverly Dr, Beverly Hills, CA
For sale: $3.5 million
After reportedly selling his New York loft to Meg Ryan last summer, “The Simpsons” voice actor Hank Azaria put his Prairie School home in Beverly Hills on the market for $3.5 million.
Azaria paid $2 million for the gated 3,320-square-foot home in 2000. It has 4 bedrooms, 5 baths, three stone fireplaces, a pool and a hot tub.
Victoria Massengale at Keller Williams and Susan Smith of Susan Smith Realty hold the listing and are hosting a few open houses this month, if you happen to be near the 90210 zip code.
Kevin Williamson
Bought: $8.1 million
The Los Angeles Times reports that major Hollywood player Kevin Williamson — creator of “Dawson’s Creek,” “The Vampire Diaries” and “The Following” — bought this Nantucket-style home in Los Angeles. Tim Enright of The Enright Company was the listing agent.
Mark Seliger
2622 Glendower Ave, Los Angeles, CA
Sold: $4.52 million
Mark Seliger, a photographer known for his stunning portraits of famous people, including Mikhail Baryshnikov, Jeff Bridges, Christopher Walken and Kurt Cobain, sold architect Richard Neutra’s Alpha Wirin House in December after owning it for a decade.
Seliger restored the home, which was built in 1949 and includes walls of glass overlooking Los Angeles.
read more…
http://www.zillow.com/blog/celebrity-roundup-azaria-williamson-167444/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29
Move Up Buyers are Back: Bigger Homes Now Outsell Smaller Ones | Armonk Real Estate
Just a few months ago, one and two bedroom starter homes topped the price per square foot ratings as investors and first-time home buyer scrambled to buy them, bidding up prices in the process. Prices rose quickly, especially in markets where no new starter homes had been built in years.
Virtually overnight the picture has changed. Now larger homes are selling faster and appreciating at rates faster than starter homes, a solid sign that move up buyers are back in the market and taking advantage of low interest rates and equity increases that have made it possible to sell and buy larger homes.
“Higher-end properties are taking up a bigger share of a smaller home sales pie, boosting the median home price nationwide higher even as home price appreciation slows to single digits in many of last year’s red-hot local housing markets,” said Daren Blomquist, vice president at RealtyTrac, in a news release last September reporting August sales. “On the other hand, markets where large institutional investors and other buyers have not picked clean lower-priced inventory are continuing to see strong, double-digit increases in median home prices.”
RealtyTrac said the share of sales in August in the $200,000-and-below price range was down 9 percent from a year ago, while the share of sales in the above-$200,000 price range increased 10 percent from a year ago. Breaking down the above-$200,000 price range further, the share of sales in the $500,000-to-$1 million price range increased 18 percent from a year ago while the share of sales in the over-$1 million price range increased 38 percent from a year ago. Overall the share of sales above $500,000 increased 23 percent from a year ago.
Now mortgage technology company FNC reports that property appreciation rates for single-family residential home sales are generally much higher for larger homes and older homes. FNC said a profile of long-term trends in how different types of properties have appreciated over the years shows that larger homes have generally risen in value faster than smaller homes both before and after the last boom-bust housing cycle. The gap persisted, although narrowed quite a bit, during the worst of the housing recession.
The FNC analysis also found that more sales are coming from homes that have been held for ten years or more—a sign of move up buyer activity. “As the market continues to gain traction through the post-recession recovery, we are seeing significant declines in the turnovers of homes held for short periods. Year to date, nearly one in three residential home sales have come instead from homes that have been held for at least a decade or longer—signs of increased participation by trade-up buyers,” said FNC Director of Research Yanling Mayer.
read more…
http://www.realestateeconomywatch.com/2014/12/8331/
The Coolest, Airiest New Tiny House Hails From South Africa | Armonk Real Estate
Photo courtesy of Pod-Indawo
Motivated by the challenge of sustainable urban living, which has already propelled countless tiny homes and prefab housing efforts around the world, Johannesburg-based architect Clara da Cruz Almeida set out to design a micro home especially well-suited for South Africa. The result, unveiled last week at a local design fair, is Pod-Indawo, a modular prefab dwelling that promises to shave some money off the energy bill without sacrificing comfortable design.
Basic pod units measure 183 square feet each, but can also combine in various configurations to form larger, multi-use living areas. As seen in these photos, the Pod looks quite spacious and airy. This is a product of the structure’s steep height (which also maximizes solar-energy capture on the roof), and of course, the work of interior and product design firm Dokter and Misses, who collaborated with Almeida on the project. The designers chose a light and calming palette of white, mint green, and grey, and in order to create more space and avoid clutter, prioritized features like a fold-down table, fold-away couches, and enclosed storage. Furnishings aside, the Pod also tries to engage with the outdoors, as exemplified by the shaded “backyard deck” and the ventilating circular opening near the lofted bed.
read more…
http://curbed.com/archives/2014/11/14/indawo-life-pod-south-africa-prefab-home.php
Arthur Elrod Designed This $2.15M Palm Springs ‘Showpiece’ | Armonk Homes
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Location: Palm Springs, California
Price: $2,150,000
The Skinny: Arthur Elrod, the interior wizard best known for the UFO-like residence he commissioned from John Lautner, designed the inside of this $2.15M Palm Springs home. Located in the “prestigious” neighborhood of Old Las Palmas, it’s got all kinds of “quintessential Palm Springs glamour” on display, in the words of the Sotheby’s listing, with swanky floor-to-ceiling double doors opening onto an “exceptional great room” with 14-foot ceilings, rear walls of glass, and a wet bar backed by a geometric mirrored wall. The walls and doors of the living room, lounge, and office are clad in handsome cyprus pecky wood. Off the upgraded kitchen, an informal dining area has French doors that open out onto a backyard hidden by tall hedges, with a pool and a built-in barbecue.
read more…
http://curbed.com/archives/2014/11/05/arthur-elrod-palm-springs-for-sale.php
Message from North Castle Town Hall | Armonk Real Estate
Dear Residents:
I continue to receive many questions from residents regarding our Town’s upcoming Special Election on THURSDAY, NOVEMBER 13, 2014 (not regular Election Day) regarding the Ward System. Please see below for additional answers to your questions in an effort to provide clarity on this election. Some of this information may be repetitive from my last email (click here), but worth repeating.
__________________________________
What is this Special Election for? Residents are asked to vote “yes” or “no” on two propositions, as below:
Proposition 1:
Shall the ward system be established for the election of Councilmen or Councilwomen in the Town of North Castle?
Proposition 2:
Shall the number of Councilmen or Councilwomen of the Town of North Castle be increased from four to six?
Why is the Town Board having this election? I get this question a lot. The answer is simple. This vote was not initiated by the Town Board. By town law, any resident who secures the requisite number of petition signatures can offer these propositions for a town-wide vote. In this case, North White Plains resident Tony Futia secured the requisite number of signatures and submitted to the Town Clerk for processing through the Board of Elections.
What is the main difference in the Ward system from our current system? This is probably the most commonly asked question. Currently we operate in an “at large” system, meaning that all residents have the right to vote for all Councilmen, currently 4. In the Ward system, residents are limited to voting for only 1 of the 4 (or 6) Councilmen. (Please note that in either system, all residents can vote for the Supervisor.)
What do I think? How do other Board members feel about the Ward system? You should contact myself and other Board members directly if you have questions as to our opinions on this system.
Does this Special Election cost the Town money? Good question and it does. I cannot provide an exact cost, but we are tracking all expenditures as they occur. Items like printing, postage, legal costs, and election inspectors are all examples of additional expenditures.
How can I get more details? By now, you should have received a large post card in the mail from the Town (click here). Our apologies if you received multiple copies. To insure that no resident was disenfranchised, we mailed to every registered voter and every household. Please note that the Town Clerk’s telephone number was listed incorrectly on the bottom of the card, the correct number is (914)273-3321.
What if I am not registered to vote? We are having a special day of registration on Monday, November 3rd. Please refer to the postcard link above for locations on where to register to vote if you are not already registered.
What about our own Town Board election this year – is that part of the Special Election? This is a really good question as there has been some confusion on this. There answer is No. The election for the Councilman seat will be on the regular ballot on Nov. 4th. (This election is necessary because when I became Supervisor, my Councilman term had 2 years left on it. The first year of that span was filled by Jose Berra, but an election is required to fill out the rest of the term, namely the 4th year of that term.)
Thank you for your attention to this very important election. First of all, regardless of your position on this issue, I urge you to vote on Thursday, November 13. We live in a democracy and everyone should exercise their right to vote. (And don’t forget to vote on the regular Election Day, Tuesday November 4th too.) Second, if you have any other questions, please click on this link (click here) which will take you to the Town web page for all information that we have posted regarding this election.
Thank you again,
Sincerely,
Michael J. Schiliro
Town Supervisor
TransUnion: Youth, older both see loan growth | Armonk Real Estate
A new TransUnion study found that the consumer loan wallet – the composition of loans that people typically carry – has materially changed for both the youngest and oldest segments of the population during the last decade.
The study found that student loans have left the greatest imprint on those consumers ages 20-29, with their share of the consumer wallet nearly tripling in the last nine years. In 2005, student loans made up 12.9% of the total loan balance share for this age group. This percentage increased to 21.1% in 2009 and surged to 36.8% in 2014. For the purposes of this study, all yearly data points reflect data as of March 31 of each year.
The consumer loan wallet is defined by breaking down the average total borrowing of consumers in different age tiers by the average percentage of that total balance in each loan type, including mortgage, auto, card, HELOC, student loan, and all other loan types.
“The mortgage crisis and recession had a profound impact on the country, with many consumers still feeling the effects today,” said Charlie Wise, vice president in TransUnion’s Innovative Solutions Group. “Interestingly, our study found that the recession has had a lasting impact on two disparate groups – those consumers in their 20s and those ages 60 or higher – though in very different ways. While these groups differ greatly in their borrowing levels and wallet share compositions, we also believe their borrowing and wallet shares were likely impacted by each other. With unemployment rates remaining high for a prolonged period during the last six years, 20-somethings likely looked to their parents, grandparents, and other more financially established family and friends for financial support.”
read more…..
http://www.housingwire.com/articles/31651-debt-among-youngest-oldest-shifted-dramatically-in-past-decade