Tag Archives: Mt Kisco NY Homes

Abandoned hospitals look like condos to developers | Mt Kisco NY Real Estate

 

Demand for housing in New York has developers turning old hospitals — St. John’s Episcopal Hospital in Queens, Cabrini Medical Center in Gramercy, and Brooklyn’s Long Island College Hospital — into condos. Some people would rather “live in the psych ward with high ceilings as opposed to cookie-cutter buildings,” developer Don Peebles tells the New York Post. Source: nypost.com.

 

– See more at: http://www.inman.com/wire/abandoned-hospitals-look-like-condos-to-developers/?utm_source=20140303&utm_medium=email&utm_campaign=dailyheadlinespm#sthash.BxKmdHyO.dpuf

Brutalist Country Estate on Long Island Asks $6.5M | Mt Kisco Real Estate

 

18 images

Location: Old Westbury, N.Y. Price: $6,475,000 The Skinny: Designed by Ulrich Franzen in 1977, this Long Island home combines two completely disparate styles, because, hey! What goes together better than Brutalism and a historic 19th-century country estate? Actually, anything, really, as this interesting but somewhat jarring design makes crystal clear. Franzen, champion of blockiness that he was, demolished the original home except for the salon and drawing room, and then built a brick monolith and connecting structure which looks for all the world like it’s devouring the old estate. The grounds (which were designed by Frederick Olmsted) were also preserved, but the graceful curving lawn and the blocky new home are an awkward fit, with neither truly complementing the other. It’s not that the home—which is asking $6.475M—is awful: it’s a perfectly nice Brutalist residence. But all parties involved may have been better served if the teardown of the original, once started, had been completed.

 

http://curbed.com/archives/2014/02/25/brutalist-country-estate-on-long-island-asks-65m.php

 

Mount Kisco Native Documents History Of Mount Kisco Golf Club | Mt Kisco NY Real Estate

From caddy, to tournament champion, to now historian, Garth Bishop’s love affair with the Mount Kisco Golf Club has lasted a lifetime.

The Mount Kisco native, 59, has written an article detailing the club’s history dating back to the early 20th century, and is in the process of writing a book on the subject.

“My hope for the book is to make sure that the history gets recorded, period,” he said. “There are some things that need to be set in stone for the record before it gets missed forever.”

Bishop spent his summers caddying at Mount Kisco Golf Club starting at the age of 12. He started playing the game at Geneva College, and was a member from 1978 to 1987.

“In an effort to learn more about the Golf course homes for sale I’ve done some research over the last 35 years because it seems to have some sentimental value to me,” he said.

That research has included collecting newspaper articles, brochures, pamphlets, photos and anything he can get his hands on.

Before taking its current name from a failed competitor in 1941, the club was known as the Lawrence Family Country Club, which opened for play in 1930 to this golf community homes. A few years earlier, Lawrence Properties of Westchester County acquired 1,000 acres of land in town, including the famous 436-acre Annandale Farm.

http://mtkisco.dailyvoice.com/neighbors/mount-kisco-native-documents-history-mount-kisco-golf-club

How to sell a home, despite winter wonderland | Mt Kisco NY Real Estate

 

Inch upon inch of snow is piling up, and the desire to stay home curled up by the fire is becoming harder to turn away from: welcome to winter.

But despite continued snow flurries, home shopping is still growing.

According Zillow’s (Z) latest report, the online real estate marketplace reached a record number of unique users in January 2014, soaring to 70 million.

So how can real estate agents capitalize on this secret fountain of potential homeowners?

Zillow Real Estate Expert Brendon DeSimone outlined three tips for sellers and agents looking to sell a home during winter season.

One of the biggest points DeSimone emphasized was the need to have strong online photos of your house. Especially during the winter, buyers are shopping online all day.

“Nowadays, you only have one shot to make a good impression, which is your web appeal,” DeSimone explained.

Before, a seller would only have to worry about whether the house had good curb appeal.

“Now your first impression is on the web. Spend as much time and money for the photo shoot as you would for the first open house,” he said.

 

http://www.housingwire.com/blogs/1-rewired/post/28902-zillow-how-to-sell-a-home-despite-winter-wonderland

 

Mortgage Rates Fall For Fifth Straight Week | Mt Kisco Realtor

The bond rally of 2014 continues to carry over into mortgage rates, which fell for a fifth straight week. The average 30-year fixed-rate mortgage rate dropped to 4.23% this week from 4.32% a week ago and 4.53% in the first week of January, according to Freddie Mac’s (FMCC) latest weekly Primary Mortgage Market Survey. A year ago that rate stood at 3.53%. The average 15-year fixed-rate mortgage rate also fell to 3.33% from 3.40% a week earlier, up from 2.77% a year ago.

A similar 30-year mortgage rate measured by the Mortgage Bankers Association’s latest weekly survey fell to 4.47% from 4.52%, a week earlier. That survey also showed mortgage applications increased by 0.4% in the week.

 

http://blogs.barrons.com/incomeinvesting/2014/02/06/mortgage-rates-fall-for-fifth-straight-week/?mod=yahoobarrons&ru=yahoo

How Short-Sale Survivors Can Get a Mortgage | Mt Kisco NY Homes

 

Need to finance a home this year? If you had a previous short sale, pay very close attention to your credit report, because it might list the home as a foreclosure. It’s important to know how this difference can prevent you from getting a new mortgage again, and how you can deal with it so you can get a mortgage.

Maybe you’re purchasing another home to live in, or for investment property. Perhaps you’re financing your primary home for a specific purpose. Whatever the reason, the credit reporting from the previous shorted lender can make or break your new mortgage.

Short-selling allows homeowners to avoid foreclosure. Foreclosure involves defaulting on the mortgage, and essentially giving the house back to the bank, and is typically seen as the worse event of the two, in terms of credit-worthiness.

Lenders are obligated to report the true and exact circumstances surrounding a delinquency. When reporting on a short sale, they will typically report “Settled for less than full balance.” This is what the new lender you’re working with on your loan will want to see because this indicates the previous property was a short sale.

 

 

http://finance.yahoo.com/news/short-sale-survivors-mortgage-123017741.html

Flip now if you plan to flip that house at all | Mt Kisco NY Real Estate

 

RealtyTrac, released its year-end and fourth quarter 2013 Home Flipping Report, which shows 156,862 single family home flips — where a home is purchased and subsequently sold again within six months — in 2013, up 16% from 2012 and up 114% from 2011.

Profits are strong in flipping right now. The average gross profit for a home flip — the difference between the flipped price and the price the flipper purchased the property for — was $58,081 for all U.S. homes flipped in 2013, up from an average gross profit of $45,759 in 2012. The average gross profit for homes flipped in the fourth quarter was $62,761, up from $52,746 in the fourth quarter of 2012.

It looks like the market for flips is slowing, which could portend ill for housing in general. Flips accounted for 3.8% of all sales in the fourth quarter, down slightly from 3.9% of all sales in the third quarter and down from 7.1% of all sales in the fourth quarter of 2012.

“Strong home price appreciation in many markets boosted profits for flippers in 2013 despite a shrinking inventory of lower-priced foreclosure homes to purchase,” said Daren Blomquist, vice president of RealtyTrac. “For the year 21% of all properties flipped were purchased out of foreclosure, but that is down from 27% in 2012 and 32% in 2011. Meanwhile flipped homes were still purchased at an average discount of 13% below market value in 2013, the same average discount as 2012, indicating that investors are finding discounted buying opportunities outside of the public foreclosure process — particularly in those markets with the biggest increases in flipping for the year.”

 

http://www.housingwire.com/articles/28789-flip-now-if-you-plan-to-flip-that-house-at-all

 

Mount Kisco Yeshiva Founder To Receive State Medal Of Honor | Mt Kisco Realtor

 

Before Rabbi Michael Weissmandl founded the Nitra Yeshiva in Mount Kisco in 1948, he was a hero to hundreds of Slovakian and Hungarian Jews he helped escape, or delay deportation during World War II.

The New York State Legislature plans to present a posthumous state Medal of Honor to Weissmandl for his rescue efforts, which involved paying a ransom to those in charge of deportation, organizing underground bunkers and shelters and writing the “Auschwitz Protocols,” which alerted the international community to the genocide taking place under the Nazi regime

 

 

http://mtkisco.dailyvoice.com/news/mount-kisco-yeshiva-founder-receive-state-medal-honor

Case-Shiller: Home prices dipped in November | Mt Kisco NY Real Estate

 

Home prices in November fell slightly for the first time since November 2012, as the combination of price gains earlier in 2013 and higher mortgage rates caused prices to reach a plateau, according to a leading index of housing-market activity.

The Standard & Poor’s Case-Shiller index of home prices in 20 top cities fell 0.1% in November. A separate 10-city index also fell by 0.1%, Standard & Poor’s/Dow Jones Indices said in a statement. The 20-city index showed prices 13.8% higher than a year earlier, while the 10-city index rose 13.7%.

The company said the dip is not a reversal of the housing recovery. Prices typically dip in November and this performance was the best for any November since 2005. Seasonally adjusted, prices rose 0.9% in November.

“Beginning June 2012, we saw a steady rise in year-over-year increases, (and) November continued that trend,” said David Blitzer, head of the index committee at S&P/Dow Jones Indices.  “The Sun Belt continues to push ahead with Atlanta, Las Vegas, Los Angeles, Miami, Phoenix, San Diego, San Francisco and Tampa taking eight of the top nine spots.”

Home prices are still rising despite last May’s jump in mortgage interest rates, Blitzer said. Mortgage applications for purchase were up in recent weeks, confirming home builders’ optimism shown in surveys by the National Association  of Home Builders, he added.

 

 

http://www.usatoday.com/story/money/business/2014/01/28/case-shiller-housing/4957633/

UK house price surge slows in January | Mt Kisco Real Estate

10445

Britain’s house price surge slowed in January after the biggest monthly jump in more than four years in December, mortgage lender Nationwide said on Wednesday, although on an annual basis prices continue to rocket higher.

British house prices rose roughly in line with expectations, up 0.7 percent this month compared with a 1.4 percent increase in December, which was the biggest single-month increase since August 2009.

The increase this month pushed the average price of a British house to 176,491 pounds ($292,700), or 8.8 percent higher on the year in the biggest annual rise since May 2010, when Britain’s coalition government first came to power.

Many economists are concerned that a government scheme launched in October which makes it easier for home buyers to get a mortgage with only a 5 percent deposit is likely to raise prices, rather than boost construction as the government hopes.

 

 

http://finance.yahoo.com/news/uk-house-price-surge-slows-070221524.html