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- Mortgage rates continue to descend this week on Euro concerns.
- Revolution on NBC…It looks compelling, is it the next reality show?
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- Is dreaming about that perfect real estate transaction possible….Maybe!
- A Beautiful Colonial Home Come Up For Sale in Tottenville. (130 Craig Ave.)
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Category Archives: New York
Will your wait for a bus become a little shorter here in New York City’s outermost borough? While there hasn’t been a thorough test, it looks as if the MTA has upgraded there technology to shorten the length of time you may have to stand freezing or boiling at a city bus stop. At the surface it looks promising… We’ll see… http://bustime.mta.info/
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Since the late nineteenth century, a crossing between Staten Island and Brooklyn was a common topic of discussion amongst officials working in transportation facilities. In 1888, a tunnel between the two boroughs was actually announced by the Baltimore and Ohio Railroad. However, the project never saw fruition due to financial difficulties. Throughout the twentieth century, many more proposals were made for tunnels and even bridges connecting the two.
Did you know that decades before the Verrazano-Narrows Bridge was built, the construction of a tunnel between Staten Island and Brooklyn was started? The projected crossing would be a railway tunnel that would connect to a railway line in the two boroughs. The project was announced in 1913 and in 1921, State Senator C. Ernest Smith introduced a bill authorizing the construction of the tunnel. On April 12, 1921, the State Senate passed the bill, followed
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Stately Home in Staten Island Silver Lake Court Neighborhood
The Silver Lake neighborhood is on the North Shore of Staten Island. This neighborhood was named after the lake that was created there, and it is the largest body of freshwater on Staten Island. One of the best features in Silver Lake is Silver Lake Park, which offers tennis courts, a golf course, a baseball field, a playground, walking/running trails, and fishing. This neighborhood offers elegant Victorian and Colonial style homes. There are also Condominiums, Tudor Mansions, and Federal-style homes in this area. So let’s look at some highs and lows, as far as prices are concerned, in Silver Lake Staten Island.
The most notable sale for this area was in August for $895,000. This was the sale of 20 Silver Court, which is a newly constructed home. This single-family home was constructed in 2006. It was built on approximately fifty-five hundred square feet of property and has about thirty-seven hundred square feet of living space. The home is located in area of Silver Lake that is often referred to Silver Lake Court, which is a conglomerate of streets that sits just north of Silver Lake Park and south of Forest Ave. It’s a community that goes highly unnoticed, but the aesthetic quality of this area is really something to behold.
Park Ct. Staten Island
Several blocks away, and filled the second priciest slot in the report, was the sale was of a single-family home built in 1920 at 14 Parkview Place.This home sold in November for $729,000. It has a living space of about thirteen hundred square feet and was built on seventy-eight hundred square feet of property.
On the more affordable side of the price spectrum, the sale of a condominium unit at 215 Hart Boulevard #3A. This unit sold for $175,000 in August. The art-deco condominium building on Hart Blvd. was built in 1931 on approximately seventeen thousand square feet of land.The interior of this particular unit measured up at approximately eight hundred square feet of living space.
Below is a rundown of recent home sales in the Silver Lake community of Staten Island. Homes in this report are derived from the latest release of publicly recorded home sales by the New York City Department of Finance. The homes listed in this report may or may not be those listed and sold by licensed real estate brokers and/or their associated salespeople. A home marked with the price of N/A means the home was transferred on the closing date without money considerations. For a complete rundown of area home sales or the latest real estate listings and homes for sale in Silver Lake, you could follow the associated links.
Address -Property Sq. Ft – Interior Sq. Ft-Year Built-Sale Price-Sale Date
215 HART BOULEVARD #3A 10301 17,250 773 1931 $175,000 8/1/2011
24 DUER LANE 10301 4,700 600 1950 $265,000 8/24/2011
18 SHAWNEE STREET 10301 7,500 1,912 1955 $700,000 8/25/2011
20 SILVER COURT 10301 5,550 3,682 2006 $895,000 8/31/2011
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Mortgage rates have jumped back up slightly, this week. The 30-year fixed rate went from the record low, of 4.10% to 4.16%. The 15-year fixed rate went up 0.03% to 3.38% and the 5-year adjustable rate went up 0.09% to 3.12%.
Last month the sale of previously owned homes has picked up at a very fast rate. This 
hasn’t happened in almost two years now. It has increased by 4.3 percent generating 4.57 million units purchased, from December. Generally, purchased units are around 6 million, for a healthy number of sales. This shows that the amount of homes being purchased is starting to go up and is a good sign for the spring buying season.
With rates being low a lot of people are refinancing their mortgages. Last week, Freddie Mac released their refinance activities report. The report showed that the number of refinancers who have switched from a 30-year fixed mortgage to a 15-year fixed mortgage is the highest it has been in 8 years.
Mortgage rates are fickle, being pushed up or down by many different variables. However, this week Iran and now Syria are becoming serious international concerns, and may weigh negatively on the economy, more specifically oil prices. The rates will stay around where they are for now, but may come down a bit on growing concerns in the Middle-East.
For more information on mortgage rates check back here as we feature this report once a week. For information on Staten Island real estate and the latest new homes for sale on Staten Island you can follow the corresponding links.
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Dining Room with old world charm.
The neighborhood of Tottenville is well-known for its old-world charm. This would be apparent if you were to walk down the beginning of Carteret Street, a street off of Amboy Road. Here, you will find a handful of homes that were constructed in 1930. Among these houses is our latest listing, 11 Carteret Street, Street, which its old world carm in not just beautiful on the outside, but inside as well.
See the complete listing for 11 Carteret St., Staten Island.
As you walk in the front door, you will be on the porch, which leads into a beautiful house
French Doors
lined with walnut molding and oak flooring. Once you are further into the house, you will find yourself in a beautiful living room with French doors to your left. These French doors lead to the cozy family room. Across from these doors, on the other side of the living room, is the dining room, which has a wonderful stained-glass window. At the end of the room is the new three-quarter bathroom, with the kitchen beside it. Inside the kitchen, you will find yourself equipped with cherry wood cabinets and a stainless steel stove, refrigerator, microwave, and dishwasher. Once you have finished your tour of the first floor, you can either ascend or descend the stairs. If you go down the stairs, you will be lead into the two-room partially finished basement. If you ascend the stairs, you will be lead to the second floor. First, you will find the master bedroom, which is bright and sunny with hardwood flooring and large closets. Further down the hallway, you have two more bedrooms which, like the rest of the house, have oak wood flooring and walnut molding. Past these rooms is the full bathroom, which has new basket-weave tiled flooring.
Front of 11 Carteret St.
Now that you have finished your tour of the interior, you can go back outside and see what you may have missed before you entered the house. On the left side, you will find a driveway which leads to a detached garage. Here, you have more than enough room to fit three cars. Around the back of the house, you will find the fenced-in yard. Back around the front of the house, you will notice that the street you are on is beautifully tree-lined—a wonderful street to live on.
It’s astounding to think that you’re so close to Amboy Road because the street is so lovely and seems to bring you to an entirely different world. However, being so close to Amboy Road isn’t all that bad. There are many places to shop and eat, and you are right near the post office. There are also a few buses that run along Amboy Road: the s59, which travels to Port Richmond and Tottenville; the s78, which travels to St. George and the Bricktown Mall; and the x22, which takes the Goethals Bridge to get to its destination in Midtown Manhattan.
In addition, you also have a number of schools in the area for your children to attend. P.S. 1, at 58 Summit St., and I.S. 34, at 528 Academy Avenue, are just a couple of the public schools in the area. The nearest Catholic schools are the Our Lady Help of Christians School at 23 Summit Street, ad St. Joseph by the Sea High School, at 5150 Hylan Boulevard. In addition to these, you also have a number of private schools, such as the Staten Island Montessori School, at 500 Butler Boulevard; Gateway Academy, at 200 Boscombe Avenue; and Yeshiva of Staten Island, at 1870 Drumgoole Road East. To find out which schools your child may be zoned for, you can contact your local public school board or school administration about attendance eligibility.
For this home and other homes for sale in Tottenville, Contact Audrey Casso, a licensed sales associate with RealEstateSINY.com at (718) 668-0423.
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North Shore Staten Island Photo Courtesy of Google Earth
Soon, you will read our next report about the Working West Shore 2030 plan, which was released late 2008, much earlier than the most recent North Shore Plan. While the West Shore plan was released much earlier, we’ll look at the most recent North Shore plan this past December. So, we’ll work a bit backwards. We did this because the North Shore plan was a bit more ambiguous than the West Shore plan and wanted to look into it with a bit more detail. While some have been critical of the West Shore Plan, however, by far and large, it was an excellent plan, and well detail why it works so well. So, on to the North Shore plan which was put together buy the New York City Economic Development Corporation and the Department of City Planning, whom look to take on the next chapter of Staten Island real estate development.
Since the report was recently released, not much research has been done to find out the needs of the North Shore, as opposed to the wants. Unlike the Working West Shore 2030 plan, North Shore 2030 does not have a complete Market Analysis Report—there is only an Executive Summary of the report currently available. While this may be, there is some pertinent information regarding land usage in the study area.
The study area is made up of five square miles along Staten Island’s North Shore. While this may be less than half of the West Shore’s study area, there are still big plans for these five miles. The areas which make up the study area are 0.7 square miles of the neighborhood of St. George, 1.5 square miles of the New Brighton and Snug Harbor area, 1.5 square miles of Port Richmond’s neighborhood, and 1.3 square miles of the Elm Park and Mariners Harbor areas.
The Market Analysis Executive Summary, which was released in February of 2009, explains what is to be expected in these areas over the next ten years. It does this by giving some insight as to the current conditions of the area. North Shore 2030: Improving and Reconnecting the North Shore’s Unique and Historic Assets was a study released in December of 2011. It explains the steps that will be taken to improve the study area.
The Executive Summary of the Market Analysis deals with the different aspects of the Real Estate Market. This includes maritime and industrial businesses, offices, residences, and retail businesses.
Read moreNothing like having a home on Staten Island that offers a great commute combined with affordability.
RealEstateSINY.com lists another home on Staten Island in the Willowbrook neighborhood .
It’s difficult to find that perfect home when you’re only driving down main streets, but if you travel down the side streets of Willowbrook, you will see that the neighborhood has so much to offer, such as 567A Buchanan Avenue. At such an affordable price, it would be silly to pass this by. This well-kept condo is ready for you to just unpack and move right into it.
See the complete listing 567A Buchanan Ave., Staten Island.
As you first walk in, you will find a storage closet to your right, with the kitchen just past it. You will find the eat-in-kitchen to be tiled and equipped with a refrigerator, a dishwasher, and a stove. Still at the entrances, you will find the living room and dining room combination to your left. The living room has wood flooring and sliders to the yard, which extends from the side of the house to the back of the house. Past these rooms, you will come to the master bedroom, which has a large closet, and the full bathroom, which has a linen closet. Further into the house, you will find the second bedroom, which also has a large closet. Across from this room is the utility closet, with the laundry room just past it. You will find the laundry room to be quite large and equipped with shelving.
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As you pull into the driveway, you will find the exterior of this extra-wide semi-detached home to be half-brick and half-stucco, with a Tudoresque look. As you enter the home, you will find a closet to hang your outerwear. To your right, you will notice beautiful cherry wood flooring lining the large living room and dining room combination. To the left, you will find the staircase. We will take this now so that we may save the best for last. As you ascend the stairs to the second floor, you will find yourself in a long hallway, which leads to the bedrooms and the full bathroom. The full bathroom is to your right, along with two nice-sized bedrooms. Just ahead, you have a full size closet, which separates the third bedroom from the second, bright bedroom. Across the hall is the master bedroom, which is large, bright, and equipped with a ceiling fan. From this floor, you may also access the attic.
See the complete listing for 476 Elverton Ave.
Once you have finished here, you may descend the stairs all the way down to the basement. In the basement, you will find a large recreation room, a family room, and a three-quarter bathroom. There is also a storage area here. Once you have finished here, you may finally scope out the rest of the main floor. Once you have climbed the stairs, you will find a half-bathroom with the large, eat-in-kitchen beside it. The kitchen has oak cabinets, an oversized, custom pantry, and terracotta flooring. It is also equipped with a microwave, a refrigerator, and a dishwasher. Continuing through the home, you will come to the beautiful Florida room at the back of the house. While ogling the Florida room, you will find that it leads to a very large backyard, with grass on concrete.
Perhaps the price of the home
Read moreThe neighborhood of Oakwood is situated on the eastern shore of Staten Island. It is separated into two sections: Oakwood Heights and Oakwood Beach. Oakwood Beach, as you can guess is a seaside community, while Oakwood Heights is a bit further from the ocean and includes some of the grander homes of the neighborhood. Both communities, however, have a variety of housing options, such as Colonials, condominiums, garden apartments, one- and two-family houses, townhouses, and several victorians.
So let’s take a look at the most notable sale for Oakwood. In September, 42 Leeds St. was bought for $560,200. This is a single-family home that was constructed in 1925 on five thousand square feet of property. The interior living space for this home is about eighteen hundred square feet. Next, the sale of 29 Penn Avenue is not far off from the top sale, which was sold for $560,000 in August. This is a two-family home that has slightly less than eighteen hundred square feet of living space. It was constructed in 1955 on forty-five hundred square feet of property.
The lowest sale for this area was $358,800 in October for 25 Ithaca Street. This single-family home was constructed in 1994 on around twenty-two hundred square feet of property. The interior living space is about thirteen hundred square feet.
Below is a rundown of recent home sales in the Oakwood community of Staten Island. Homes in this report are derived from the latest release of publicly recorded home sales by the New York City Department of Finance. The homes listed in this report may or may not be those listed and sold by licensed real estate brokers and/or their associated salespeople. A home marked with the price of N/A means the home was transferred on the closing date without money considerations. For a complete rundown of area home sales or the latest real estate listings in the Oakwood community, you could follow the associated links.
Address – Property Sq. Ft – Interior Sq. Ft – Year Built Sale – Price Sale Date
26 ACORN STREET 10306 5,450 487 1945 N/A 8/5/2011
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