October 04, 2013 By mortgage
October 03, 2013 By mortgage
October 02, 2013 By mortgage
October 01, 2013 By mortgage
September 30, 2013 By mortgage
Category Archives: Real Estate and Personal Finance
There was a time in the early 20th century when Bayside rivaled nearby Long Island havens for the affluent and celebrated — for instance Sands Point, a North Shore enclave often associated with Fitzgerald’s “Great Gatsby.” Then came construction of the Cross Island Parkway in the late 1930s, effectively cutting Bayside off from the water. That set the area on a different course from North Shore communities like Douglaston and Little Neck, which still have grand waterfront estates.
Some parents dream of owning a home where their adult children and grandchildren also can live. For those with the means, that translates into a family compound, with several generations living in their own houses within the same property line. But here in New York City, creating such expansive homes can be prohibitively expensive. Nevertheless, a lucky few are building multigenerational compounds in the sky.
A four-bedroom penthouse, one of four that crown the Touraine, a new luxury condominium with distinct European overtones at 132 East 65th Street (at Lexington Avenue), sold for $13,579,371.82 and was the most expensive transaction of the week, according to city records. The listing price for the 3,695-square-foot simplex, PH4, was $13,675,990, and the monthly carrying charges are $6,631.
The co-founder of Home Depot, Bernie Marcus and his wife Billi, have decided to sell their mansion for a price that tips just over $3 million dollars. This luxurious five-bedroom stucco mansion has eight bathrooms and is built on a sprawling area of 3 acres and is located in Sandy Springs. Betsy Akers, the real estate agent from Atlanta Fine Homes stated that she is currently showing Marcuses’ house to an entertainer, whose name she declined to mention.
An eccentric Beijing resident has built a huge house among what looks like a pile of rocks dotted with trees on top of a 26-storey apartment block in the capital.
An uninhabited private island off the coast of Greece will go on auction at a starting price of 10 million euros ($13.2 million) in September. The sale of the island, part of the Spalathronisia archipelago that sits 500 metres (0.3 miles) from the Halkidiki peninsula, a tourist hotspot in northern Greece, is just the latest from the country’s crisis-hit landowners.
Summer rentals in the Hamptons have touched a new high. According to brokers who are active in the region and deal with clients on a regular basis, at least half a dozen estates and homes in the Hamptons that are available for renting cost around $1 Million and that too for the summer months. The rate is astounding in the sense that it comes out to $9,803 per day or $408 per hour. Utility bills and other charges that could run into thousands are not included in this price listing.
The 15th-floor penthouse at the Residences at W Hollywood in Los Angeles is on the market for $45 million. The 25,000 sq. ft. penthouse has four bedrooms, eight bathrooms and 340-degree views of the Hollywood Hills, downtown Los Angeles, Century City and the ocean.
Despite your best efforts to lease your rental property only to well-qualified tenants who pass your screening process, not every tenant works out. Some tenants stop paying rent. Others refuse to follow the rules. Eventually, you make the decision to evict and bring in a better tenant. But before you evict a tenant, make sure you are following the laws of your state. Failure to follow the proper legal procedures can result in plenty of trouble for you, and an undesirable tenant still living in your property.
Can’t find a house in your price range? In some parts of America, homes are cheaper than the cars in the garages. In my hometown of Titonka, Iowa (pop. 880), my family recently put my great-aunt Katherine’s house on the market for $20,000. They got $9,750. That’s already staggeringly cheap, but compared with my current city of Washington, D.C., the contrasts are dizzying. A one-room house recently went up for sale in the Capitol Hill neighborhood for $248,500. D.C. real estate website Urban Turf this week highlighted the “studio house,” which is described on realtor.com as an example of “extreme simplicity.”