Who's building, selling, buying, and who's profiting from our favorite contact sport: real estate
Oct 16, 2012
Armonk Antique Up for Auction, 3Q Market Report, and Brunch/Lunch & Learn About Mechanical and Plumbing Noise
House of the Week: Armonk Antique Up for Auction!
Minimum bid: $899,000
457 Bedford Rd, Armonk
Last featured in this space as a House of the Week in May at $1.499 million, this three-story 1880 antique Victorian—possibly one of the last authentic Victorians left in Westchester—is now up for auction. “It’s a wonderful opportunity for a buyer to purchase an historic Victorian at below market value,” says listing agent Amy Smith Sroka. “The traditional way of selling homes, particularly antiques, really doesn’t work well. We’re hoping an auction will draw people in.” This 3,884 square-foot antique also happens to be brimming with history. According to Smith Sroka and listing partner Joanna Rizoulis, the first Catholic Mass in Armonk was held in the property’s carriage house in the early 1900s; it served as a boarding house in 1910; and, in 1929, it had the distinction of being the first house in Armonk to have plumbing. Its pre-Revolution foundation upheld an even earlier home that was burned by the British on their retreat from Pound Ridge in 1779 and later replaced by Chauncey Brundage—a descendant of Westchester’s early settlers. Thanks to more than a century of dedicated owners, the property has kept up with the times while retaining its historic charm. The current homeowners not only restored the home’s period details, but incorporated luxury upgrades (including updated baths and a heated in-ground pool and spa), and updated its mechanical and electrical systems—even installing three-zone central air conditioning. To continue the storied property’s evolution, architectural plans for a kitchen renovation and expansion are included in the purchase. To participate in the auction handled by Sheldon Good & Company (specialists in luxury real estate auctions), you or your designated agent must attend one of the scheduled open houses; purchase and follow the due diligence steps outlined in the Bidders Information Packet; and come to the November 11 auction (2 pm registration precedes the 2:30 pm auction) with a certified check. The property continues to be available for walk-throughs from 11 am to 2 pm on October 20, 21, 27, and 28, and November 3, 4, and 10. For more information on the property, contact Julia B. Fee Sotheby's International Realty listing agents Joanna Rizoulis at (917) 359-7885 or Amy Smith Sroka (914) 523-0678, or visit www.sothebysrealty.com. For auction details and to order a Bidders Information Packet, visit http://www.sheldongood.com/Luxury-Upcoming-Auctions/Armonk or call (800) 301-9526.
Prudential Douglas Elliman 3Q Market Report
Overall, the housing news is encouraging for Westchester. According to Prudential Douglas Elliman’s 3Q market report, not only do the findings show an increase in the number of home sales (up 21.9% from this period last year) but a 9.8% drop in inventory during the same timeframe—a combination that makes it the fastest growing market pace in five years. While single-family sales led the way with a 25.9% increase from last year, a 7.6% rise in condo sales also contributed to the positive picture. The news wasn’t quite as encouraging on the high end of the spectrum with median prices in the luxury market remaining 13.8% lower than a year ago. Although the report indicates housing prices remained relatively stable with the median sales price dipping by 1.1% to $490,000 from the past year’s figure of $495,625, the average home size dropped by 1.7%.
Gardening by the Apps
Now there’s a new way to perk up your garden. Yep…there’s an app for that! Learn about the gardening tools at your fingertips from the pros—who else but Apple Geniuses, who will take participants through the high-tech approach to gardening design. During a special workshop on Tuesday, October 23, from 6 pm to 7:30 pm at the Garden Education Center of Greenwich (130 Bible Street, Cos Cob, CT), Apple Geniuses will demonstrate the power at your fingertips in using mobile devices to create new design concepts and test which flowers, plants, and trees will look best in your garden. Pre-Registration is required for the event that also promises to reveal other amazing tech tips. For more information or to register (non-members: $45, members: $35) visit www.gecgreenwich.org or call (203) 869-9242.
Brunch/Lunch & Learn about Mechanical and Plumbing Noise
Murphy Brothers Contracting’s next brunch/lunch and learn is set for Wednesday, October 24, with a choice of two presentation times—9:30 am or noon—at Murphy Brothers (416 Waverly Ave, Mamaroneck). Michael Cain, senior consultant for SoundSense, LLC, the East Hampton, NY-based acoustical engineering and consulting company will help participants better understand the fundamentals of mechanical and plumbing noise and vibration disturbances, code requirements, and mitigation techniques, as well as the effects on the health and comfort of occupants. The seminar, which qualifies for credit for members of the American Institute of Architects, also includes a light brunch at 9:15 am or light lunch at 11:45 am. Space is limited. For more information or to reserve your spot, call (914) 777-5777 or e-mail firstname.lastname@example.org.
We welcome information about fascinating homes on the market or real estate/home-related news and events—send to Karen Odom at email@example.com