Welcome to 10 Sheldrake Lane, New Rochelle, 10804

MLS# 4826254 

Just 30 minutes from NYC, where you can relax in your Infinity pool as you enjoy the tranquil and private views of Sheldrake Lake, perhaps after you have just gone kayaking, or enjoyed some basketball on either the outdoor court or indoor half court. Welcome to Four Chimneys, built in 1938 by McKim Meade & White, and re-purposed by the current owners to perfection. The exquisite architectural details blend perfectly with the finest materials setting this unique home apart from all others. Approximately 8966 sq. ft., 7 bedrooms, 7 full bathrooms, and 2 powder rooms located on 1.55 acres. There is also a ballroom or gym overlooking the perennial garden, rolling lawns, waterfall accented rock garden and lake. The owners wanted a waterfront property until they saw this home with no tidal surges, no flooding, just a unique setting w gentle breezes. No wonder it has long been a favorite location site for movies. Did you know scenes from The Manchurian Candidate with Denzel Washington were filmed here?

Visit 10 Sheldrake Lane as it appears on the Julia B. Fee Website!

Visit 10 Sheldrake Lane as it appears on the Sotheby’s International  Realty web site in French!

Visit 10 Sheldrake Lane as it appears on the Sotheby’s International Realty Web site as it appears in Italian!

Visit 10 Sheldrake Lane as it appears on the Sotheby’s International Realty Web site as it appears in  Russian!

Visit 10 Sheldrake Lane as it appears on the Sotheby’s International web site in Italian!

Visit 10 Sheldake Lane as it appears on the Sotheby’s International web site in Chinese!

Visit 10 Sheldrake Lane as it appears on the New York Times web site!

Visit 10 Sheldrake Lane as it appears on Zillow!

Visit 10 Sheldrake Lane via Google maps

College Choices for Top 33 Students -New Rochelle

Each year, the Principal usually announces the top 25 students college choices at the award ceremony. This year, since there were 33 students with GPA’s of over 100, Mr. Richardson announced the top 33 students  college choices! While I am just listing the colleges,  please know that each student was so qualified in every respect. 

  1.  Princeton – Studying Math and or Philosophy
  2.  Harvard – Engineering
  3.  Yale University – Political Science
  4.  Dartmouth College – Environmental or Biological Engineering
  5.  John’s Hopkins – Bio-Medical Program & Computer Science   Dual Program
  6.  Georgia Institute of Technology – Aerospace Engineering
  7.  University of Michigan – Psychology or Political Science
  8.  Amherst – Playing Soccer! Studying Neuroscience & Psychology
  9.  Purdue University – Engineering
  10.  University of California at Los Angeles – Political Science
  11.  Washington University in St. Louis – Psychiatrist
  12.   Middlebury College – Political Science
  13.   Yale University – Law School for Foreign Relations
  14.   New York University – Student scored a PERFECT score in the SAT’s in Math
  15.   Villanova University
  16.   Cornell University
  17.   Belmont University – Academic Scholarship majoring in Music
  18.   University of Michigan – Ross School of Biusiness
  19.   Cornell University – Neurologist
  20.   Brown University –  Her goal?  United States Senator!
  21.   SUNY Binghamton  – Business & Math
  22.   University of Michigan – Public Health Field of Medicine –  Pediatrician
  23.   University of Texas at Austin – Mechanical Engineering
  24.   Binghamton University – Computer Science
  25.   Cornell University – Business
  26.   University of Oregon – Clark Honors Program
  27.   Providence College – Biology  Engineering
  28.   University of Maryland – Psychology & Early Childhood Development
  29.   University of Pittsburgh Honors Program – Mechanical Engineer
  30.   Florida State University – High School Teacher & Writer
  31.   Tufts – Medicine & Computer Science
  32.   Cornell University – Business
  33.   New York University –  Finance

WOW!

New Rochelle is GREAT!

 

 

New Rochelle Schools offer SO many Languages!

There are so many GREAT reasons to purchase a home in New Rochelle. One such reason would be the languages offered to our students in the different schools. 

Did you know that your student has the opportunity of learning a variety of languages such as Spanish, Italian, Mandarin, French and Latin.

“Our Dual Language Programs’ mission is to prepare multi-literate citizens in an international community. We seek, therefore:
1. To develop literacy and fluency in both English and in a second language (Spanish or Italian)
2. To promote cross-cultural awareness through the integration of English speakers and Spanish/ Italian speakers
3. To create accessibility to advanced world language credits and courses in higher grades
4. To promote high academic achievement through linguistic cognitive development. “

Mandarin is offered at the Davis Elementary School grades 2nd thru 5th, and at Webster Kaleidoscope grades 4th and 5th. No other elementary schools has Mandarin.  At Davis students have classes twice at week and at Webster every other day.

Ward and Trinity offer CILA programs  (Children’s International Language Academy). This is comprised of students speaking Spanish, and those students  who have some knowledge of Spanish.  However, At Ward, there is a  FLES program  (Foreign Language in the Elementary School) in Spanish K thru 5th. At Jefferson there is also a  FLES program K thru 5th. At Webster  there is a Spanish FLES K thru 5th No FLES programs are offered at Columbus or Trinity.

At Barnard, there is a Italian FLES program K thru 2nd Grade.  There is an Italian FLES offered at Jefferson 3rd thru 5th Grades.

Latin is offered at the High School, and it is also offered at both Middle school Albert Leonard Middle School and Isaac E. Young Middle School.

Both middle schools offer Spanish, French, Italian, Mandarin and Latin. 

Mr. Juan Mendez , Chairperson of World Languages  & the ELL Department very kindly took the time to answer my questions on existing languages offered, but I also wanted to ask some  additional questions:

  1. What do you see for the future of different languages in our school district?  What are the percentages of students taking the AP courses?   (Answer)  At this juncture, there is not interest in adding another language. I do not have the percentage of AP students but I can tell you that we have two sections of AP Spanish language, one section of AP Spanish Literature, one section of French language, one section of AP Italian language, one section of Mandarin AP language, and one section of Latin AP.

New Rochelle Schools offer wonderful programs, and as I wrote in a recent blog, our students attend superb Colleges and Universities!

Come and visit. You will love it, and want to stay!

New Rochelle is GREAT!

2018 Real Estate Market –

What is happening in the real estate market for 2018? Many sellers are lamenting that their respective homes have not sold, perhaps blaming their agents,  buyers are waiting to purchase and so I thought I would address potential reasons why and how the year has evolved thus far! 

One obvious reason is the new tax law. With home owners only able to deduct mortgage interest up to $750,000 and mortgage taxes of only $10,000, this limits buying power. As a rule, each $100,000 in a mortgage equals approximately approximately a $500 additional monthly expenditure but obviously that also depends upon credit scores, etc. SO, logically, if you cannot deduct X amount, then your monthly costs increase, and buying power is less.

However, we should also note that the Federal Reserve is expected to increase the mortgage rates twice more before years end, and so buyers should also realize  that with increased mortgage rates by next year, they will be affording less than this year.

So if the buyers are on the fence this year on whether to sell their home or buy a home at a higher housing price, but lower rate, or to wait until next year, possibly get a lower purchase price, but a higher rate:

One positive note is that the new tax laws while effective this year, will be realized next year and  many buyers will have lower taxes which might offset the mortgage  increases a tad.

1 Year Ago:

Loan Amount – $750,000 @ 3.5% (APR 3.510%), monthly payment = $3367

Loan Amount – $1,500,000 @ 3.5% (APR 3.510%), monthly payment = $6735

Loan Amount – $2,100,000 @ 3.5% (APR 3.510%), monthly payment = $9,429

Today:

Loan Amount – $750,000 @ 4.5% (APR 4.510%), monthly payment = $3800

Loan Amount – $1,500,000 @ 4.5% (APR 4.510%), monthly payment = $7600

Loan Amount – $2,100,000 @ 4.5% (APR 4.510%), monthly payment = $10,640

Possible 1 year from now:

Loan Amount – $750,000 @ 5.5% (APR 5.510%), monthly payment = $4258

Loan Amount – $1,500,000 @ 5.5% (APR 5.510%), monthly payment = $8516

Loan Amount – $2,100,000 @ 5.5% (APR 5.510%), monthly payment = $11,923

$675,000 purchase price ($540,000 Loan Amount)  @ 4.5% (APR 4.510%), payment = $2736 (buying the house now)

$625,000 purchase price ($500,000 Loan Amount)  @ 5.5% (APR 5.510%), payment = $2838 (buying the house at a lower purchase price, but higher rate)

(Many thanks to Veronica and  Dan for the possible mortgage scenarios given above). Veronica Finkel | Sr Home Lending Advisor CPC | NMLS ID 62262 | Home Lending | Chase | 608 Columbus Ave., Thornwood, NY 10594 | Office: 914-420-7875 | Cell: 914-420-7875 |

Fax: 877-891-5572| veronica.finkel@chase.comhttp://homeloan.chase.com/veronica.finkel

Dan Amatuzzo | Home Lending Assistant | NMLS ID 599628 | Home Lending | Chase | 360 South Broadway | Tarrytown, NY 10591 | Office: 914-993-7981 | Cell:  646-306-4327 | Fax: 844-315-9418 | dan.amatuzzo@chase.com

Another key important factor is the fact that many buyers come to Westchester from the city, and they must first sell their coops/condos before doing so.  There are fewer coops and condos on the market under a million than there were a year or so ago, and putting it simply,  buyers entering the market in the city, can’t afford the higher priced properties, and there is a paucity of lesser priced  apartments, people can’t afford to ‘move up’ and so the higher priced apartments are simply sitting there.  There are many new buildings so the apartments are available but at such high prices,  people cannot afford them.  Grant Long wrote a great article on the real estate market  in the city, explaining in detail stats these past few years.  

Buyers are waiting for price drops there, and so this market trend is affecting Westchester sales.  It should be noted that private schools in the city can cost up to $50,000 a year, and this is where Westchester’s great schools should make buying a home in Westchester a no brainer! When you start adding the cost of  a private school for 2 children in the city, compared to our higher taxes here, then the value of moving to Westchester becomes quite evident as one offsets the other. Plus, Westchester offers beaches, great parks, sports of all kinds, sailing, kayaking and fresh air!! If you live in lower Westchester, you are also 30 minutes or so from the city. The best of both worlds! 

However, if a mortgage will cost more for a buyer thus lowering their buying power, it should also be stated that the cash they might have had to renovate a home last year, is also shrinking, and so buyers are also seeking homes that are renovated,  and do not require too much work ‘to make it their own’. If there are 10 homes on the market in the same price range, and one of those homes is completely renovated  with a newer kitchen, bathrooms, etc. – then it is obvious which house will sell first. Sellers should make sure their home is priced well ( perhaps a tad lower than they would like but to attract as many buyers as possible) , presented well, and any little jobs that require fixing, they should take care of them. We talk about the buyers being fussy, and I hope this article explains why this is so!

The buyers are out there, but they are seeking value. Since there are price drops in the different towns,  sellers in New York will potentially offset any loss they might have there with similar price drops in Westchester  (higher priced homes) .

Please contact me for all of your real estate requirements!

 

http://www.gayrosen.com

Who Lives or Who is Living in New Rochelle?

Binky lives here too!
THE Mr. Binky lives here too.

I originally wrote this blog post back in 2011, and I notice that as the years go by, the archives are harder to access, and so I thought I would re-post this great piece of history. There are SO many  famous people living in New Rochelle or have lived in New Rochelle. Every town has those special celebrities be they from the work-force, sports, stage or screen, and New Rochelle is no exception. Here are a few of the famous people who have either lived or are living in my great city:

* Peter Lind Hayes and Mary Healy – They lived in a beautiful home on Mount Tom Road until the mid 1970s – and I had the pleasure of selling their former home   in 2010 for $1.6M. Stars of both stage and screen, they lived in New Rochelle for over 40 years, and entertained the public for many more .

* Ruby Dee and the late Ossie Davis – Both were long time philanthropists, actors, and there is currently a theater named after Mr. Davis at our Public Library.

* Jay Leno – Yes the Jay Leno – but only for a few months and then his family moved away!

* Andrea McArdle – Broadway’s original “Annie” – hey – remember New Rochelle is only 45 minutes from Broadway – as the saying goes.. (closer now)

* Willie Mays – Hall of Fame baseball player

* Robert Merrill – operatic baritone – who would sing at each home Yankee game.. his home  sold for $1,375,000

* Andrea Mitchell – Journalist – As you walk along the corridors of our New Rochelle High school, you can see a nice photo of Ms. Mitchell proudly displayed. Ms. Mitchell is the NBC Chief Foreign Affairs Correspondent, and is also the host of MSNBC’s “Andrea Mitchell Reports.” Andrea obtained her B.A. from University of Pa. and is currently married to former Federal Reserve Board Chairman Alan Greenspan.

* Gil Schwartz serves as Executive Vice President and Chief Communications Officer for CBS and attended our high school – going onto Brandeis University

* Louis Boccardi – He was the President and CEO of the Associated Press until his retirement in 2003 – while this list is in no real order, I am writing the names as they come to mind. Both Mr. Schwartz and Mr. Boccardi’s names are synonymous (to me) as they very kindly acted as moderators over the course of 7 years at our local “CelebriTeas” which were wonderful, intellectually stimulating events where we had famous authors (such as Charles Grodin, Richard Ben Cramer, Arthur Golden, Jill Ker Conway, Ben Yagoda, Rupert Holmes, Doris Mortman, Walter Isaacson to name a few) to raise money for our wonderful library. As a result of the hard work of the chair people and volunteers, we now have a renovated second floor with computer stations, and as of this year – new carpeting in our entranceway and large foyer which also serves as the perfect showcase for the various art shows.

* Lawrence M. Small – A long list of accomplishments from being the President and CEO of Fannie Mae, the Secretary of the Smithsonian (2000 -2007) and currently serves on the board of Marriott International and Chubb. After attending our local high school, Mr. Small went to Brown University and graduated from there in 1963 with a degree in Spanish literature.

* W.C. Fields – the name says it all!

* Leslie Gelb, former President of the Council of Foreign Relations

* Nick Gregory – is a meteorologist for Fox 5 in New York City. I can recall many years ago (approx. 22 – yikes!) that I, along with another friend, asked that he speak to our students at the local William B. Ward Elementary School. He kindly obliged, and the children greatly enjoyed seeing a celebrity and learning from him and how he reached his goals. Of course, it didn’t hurt when he said a ‘hello’ to them later that day from his TV show!

* Norman Rockwell – many people do not realize that New Rochelle was an artist’s colony per se way back in the 1930s. Norman Rockwell, and many other artists and illustrators lived in this great city. Mr. Rockwell’s former home sold for $1.6M back in 2005, and featured a gallery overlooking one of the large rooms. It was a charming home, full of meandering hallways and charm.

* Writing on art – how can I leave out Frederic Remington – famous painter, sculptor of Native American art

* I also cannot leave out Nell Brinkley -who was a famous illustrator who created the “Brinkley Girl” ( a girl who epitomized the American woman – Mae West claimed to be the first Brinkley girl ), and Ms. Brinkley lived in New Rochelle for over 20 years… I was privileged to have sold her former home in 2008 for just $1.9M!

* J.C. Penney – so many people, so many names – I didn’t want to leave out the founder of this important department store chain.

* Bob Denver – Gilligan’s Island…. New Rochelle is hardly an island, but it is a paradise to many of us – and we can see Long Island from our waterfront!

* William S. Rukeyser, Editor of Fortune Magazine

* Louis Rukeyser – business columnist, TV host and economic commentator

* M. Farooq Kathwari, Chairman of Ethan Allen

* John M. Kluge – German American television industry mogul who at one time was the richest person in America. He recently passed away in 2010.

* Jerome Kohlberg, Jr. – Billionaire co-founder of Private Equity Group KKR

* Michael Kaiser, President J.F. Kenendy Center for the Performing Arts

* Alan Menken, Composer – attended our High School and was a member of Temple Israel of New Rochelle – how can we forget “The Little Mermaid,” “Tangled,” “Sister Act,” “Aladdin,” “Pocahontas”…. and the list goes on and on.. Graduated from New York University

* Chic Young – a cartoonist and better known for his “Blondie” cartoon

* Don Hewitt – Producer and Creator of CBS 60 Minutes. Mr. Hewitt’s photo is also at the high school. He passed away in 2009.

* Dick Morris – whose lineage dates back to the first Huguenots who came to New Rochelle to escape persecution in France. Mr. Morris who was the campaign manager for President Bill Clinton amongst others, is a regular on TV and wrote in 2010 “2010 -Take Back America” which  received the first Thomas Paine award in November 2010 at our local V.I.P. Club. I was present at the dinner, and he spoke quite eloquently. (I feld so badly for him amongst so many liberals!).

* Thomas Paine – I cannot leave Mr. Paine out… while not born in this great city, he was awarded a cottage as a ‘thank you’ for the role he played in the American Revolution, and was the author of “Common Sense” and “Rights of Man.”2014-06-08 10.02.25

* Courtney Green – We cannot forget Courtney who also came up through the Youth Tackle League, High chool and Rutgers University, and who is currently playing Safety for the Jacksonville Jaguars.

* Cristina Teuscher – Olympic Gold Medalist in the 1996 Summer Olympics in Atlanta, Georgia in the Women’s Relay Team – Freestyle. Cristina attend our local high school, went onto Columbia and was All American, 4 time NCAA Champion, won 12 Ivy League titles amongst others, and obtained her MBA at INSEAD – a top business school. The city honored her Olympic accomplishment with a parade!

* A.J. Rosen – Two time Olympian in the sport of luge for Great Britain, coming in 16th each time – in Turin (2006, and Whistler 2010). Hey – I am his mom – I had to get him in!

I could write 5 pages of famous people who have lived or are living in this great city… perhaps it is the air, our diet (I wish) but certainly one fact is very true…

NEW ROCHELLE is a GREAT place in which to live!

I am here for all of your 2015 real estate requirements.

2018 Annual Colonial Fair

The weather was sublime, the attendance  lovely, and all who DID attend had a wonderful time thanks to the many volunteers to make it so.  Held on April 14th, 2018,  the Annual Colonial Fair was a great success! there was candle making, singing by  Thomas Hooker Hanford ,  there was a blacksmith,   story teller,  Colonial Soldiers and more!     Senator George Latimer even popped by to say hello!

The entrance fee was nominal – just $5 for adults, and $3 for children! The Cottage and Museum is located on Paine Avenue, and  the contact information is as follows:

     phone number is (914)633-1776.
You may reach the Historic Society members by email at 
PaineCottage@optonline.net

New Rochelle is GREAT!

2017 New Rochelle Market Stats 10804

Since New Rochelle is a city, and has different zip codes, I always like to break down the home sales prices by zip code, Elementary School and different price points.

New Rochelle 10804 

This would cover both Davis and Ward Schools but since many people search by zip code, I thought I would first include them together, and then separate by Elementary School. However,  since this is by zip code, the 10583 (Davis School) would not be covered in this compilation.

$0-599,000 There were 21 homes sold in 2017 with an average price per square foot of $311.90, sales price to original list price ratio of 93.59%. There were 5 homes that sold over list price.

In 2016, there were 36 homes sold with an average price per square foot of $287.50, and an average sales price to original list price ratio of 94.39%. 10 homes sold over list price.

It  would at first glance appear  that the inventory was lower in 2017 with a slight softening on the sales price. However, when we look into the next price point  of $600,000 -$799,000, we can see that a few more homes were sold  in 2017, so the market indicates that people priced higher based on the stronger sales market, , obtaining a slightly less price per square foot  but still with 25 homes selling over the list price. The market is very robust in this price point.

$600,000- $799,000 There were 76 homes sold in 2017 with an average price per square foot of $318.16, sales price to original list price ratio of 96.47%.  25 homes sold over list price.

In 2016, 68 homes were sold in this price range with an average price per square foot of $325.83, and an average sales price to original list price ratio of 96.07%. 15 homes sold over list price.

$800,000 – $999,000 There were 36 homes sold in 2017 with an average price per square foot of $322.22, sales price to original price ratio of 95.35%.  12 homes sold over list price. 9 homes sold over list price.

In 2016, 33 homes sold in this price range with an average price per square foot of $305.60, and an average sales price to original list price ratio of 94.14%. 7 homes sold over list price.

Once again,  more homes were sold in 2017 in the $800-999,000 price point, reflecting a stronger market in this price range.

In the Million to $1,199,000 price range, prices stayed approximately the same. However, as an active agent, I would interject that the buyers were seeking perfection more so than ever before!

$1,000,000 – $1,199,999 14 homes sold in 2017 with an average price per square foot of $309.62, sales price to original list price ratio of 93.08%. 3 homes sold over list price.

In 2016, 15 homes were sold in this price range with an average price per square foot of $303.96, and an average sales price to original list price ratio of 93.59%. One home sold over list price.

$1,200,000 – $1,499,000 11 homes sold in the price range in 2017 with an average price per square foot of $301.74, and an average sales price to original list price ratio of 94.20%. 2 homes sold over list price.

In 2016, 13 homes were sold in this price range with an average price per square foot of $343.53, and an average sales price to original list price ratio of 92.46%. 4  homes sold over list price.

The market was again a tad stronger in 2016 in the higher price ranges  with higher  price per square foot.

$1,500,000 + 4 homes sold in this price category in 2017 with an average price square foot of $316.74, and a sales price to original list price ratio of 90.26%. One home sold at list price.

In 2016, 6 homes were sold in this price range with an average price per square foot of $337.62, and an average sales price to original list price ratio of 86.77%.

William B. Ward School  

When we break down the two elementary schools,  we start to see the different appeal of each area. More homes sold in this price point in 2016, but once again, we are seeing slightly more homes selling in 2017 in the next price point. Price were square foot was quite similar in the lesser priced homes, but increased nicely in the next price point.

$0-$599,000 29 homes sold in this price range with an average price per square foot of $244.64, and an average sales price to original list price of 96.43%. Eight homes sold over the original list price.

In 2016, 43 homes sold in this price range with an average price per square foot of $246.28, and an average sales price to original list price of 94.49%. 3 homes sold over list price.

$600,000 – $799,000 56 homes sold in this price range in 2017 with an average price per square foot of $305.74, and an average sales price to original  list price ratio of 96.06%. 7 homes sold over list price.

In 2016, 51 homes sold in this price range with an average price per square foot of $306.72, and an average sales price to original list price ratio of 96.35%. 6 homes sold over list price.

In the $800,000 – $999,000 price range, the sales were very similar year over year.

$800,000 – $999,000 23 homes sold in this price range in 2017 with an average price per square foot of $288.36, and an average sales price to original list price ratio of 96.19%. 6 homes sold over the list price.

In 2016, 25 homes sold in this price range with an average price per square foot of $289.43, and an average sales price to original list price ratio of 93.35%. 6 homes sold over list price.

In the $1,100,000 – $1,199,000 price range, prices per square foot were higher in 2017 which was great, a few more homes were sold also, but more homes were sold in the $1.2 -$1,499,000 price range  in 2016 and with a higher price per square foot.. So, a little softer in 2017.

$1,000,000 – $1,199,000 18 homes sold in the price range with an average price per square foot of $312.79, and an average sales price to original list price ratio of 93.71%. 3 homes sold over list price.

In 2016, 13 homes were sold in this price range with an average price per square foot of $293.87 and an average sales price to original list price ratio of 94.96%. 2 homes sold over list price.

$1,200,000 – $1,499,000 7 homes sold in this price range with an average price per square foot of $300.92, and an average sales price to original list price ratio of 94.86%. 2 homes sold over the list price.

In 2016, 10 homes were sold in this price range with an average price per square foot of $324.52, and an average sales price to original list price ratio of 89.12%. 2 homes were sold in this price range.

$1,500,000 + 3 homes sold in this price range in 2017 with an average price per square foot of $350.48 and an average sales price to original list price ratio of 89.90%. One home sold over list price.

In 2016, 4 homes were sold in this price range with an average price per square foot of $318.53, and an average sales price to original list price ratio of 81.99%. One home sold over list price.

It is always interesting to see how certain homes sell, and some don’t, and when I look at the higher priced sold homes  (over $1.5), it should be noted that one new home sold in 2017, plus two beautiful homes  (one with a profit from when it was purchased, and the other home sold for $580000 less than its original sales price. This tells us that the market was not sustaining the higher priced homes in this area.

New Rochelle is GREAT!

Exquisite Estate in New Rochelle