Riverhead, NY Real Estate News

By Cindy Garruba
(North Fork Home Staged to Sell)
September always feels like the start of the year to me.  After the summer, whether you have kids or not, September does seem like the start of the regular routine.  There is something about seeing all the back to school supplies in the stores that makes me start to think about cleaning my office, reorganizing, de-cluttering, setting priorities and goals.  As a home stager I am always advising sellers to clean, reorganize, de-clutter, prioritize their projects, and work on the goal of selling their home.  This is a great time of year for us to practice what we preach.  Purge those items you have been using to stage that look old or tired.  Clean up your files. Reorganize your priorities and set some goals.  Think about your business, how can you find more clients, be more efficient and ...
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By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
 Located in Riverhead Long Island,  Sunken Ponds is an active 55 and over community.  This 55+ retirement community was built in 2005 in Suffolk County.  For the enjoyment  of the owners, Sunken Ponds includes a clubhouse, gym, pool, card room, and bocci.  Included in the common charges is the lawn maintenance and snow removal, and pets are welcome here.  The community is surrounded by the street names of Pebble Beach Path, Winged Foot Way, Augusta Alley, Baltusrol Blvd, Amen Corner, Carnoustie Ct, and St Andrews Avenue. There's the Augusta ranch design, as well as The Mainstone Townhouse with the master on the main level, and the Cyprus which is an upper unit.  Sunken Ponds ranges in size from 1300 sq ft to 18oo sq ft. Located at the end of The Long Island Expressway Exit 73 to Mills a...
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Authored by: Laurie Mindnich July 1st, 2009 Once again (time flies), it's time for an update on homes sold/homes under contract on the North fork of Long Island for June 2009.  All info is obtained from MLSLI, and while deemed reliable, no guarantees. Homes Under Contract June 1- June 30, 2009: 43 Median Listing Price: $358,296.00 Leading the pack for contracts was Calverton (9), followed by Riverhead (8) and Southold (7). Homes Under Contract June 1- June 30, 2008: 44 Median Listing Price: $477,500.00 Homes CLOSED, June 1- June 30, 2009: 31 Median closed price: $385,000.00 Leading the pack for closed homes on North fork of Long Island was Southold (8), followed by Calverton (6) and Cutchogue (6). Homes CLOSED, June 1- June 30, 2008: 34 Median closed price: $418,500.00 Little unexpected...
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By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
 Stoneleigh Woods is an active 55 and over residence in Riverhead Long Island and Suffolk County NY.Situated on approximately 40 acres,  there's a clubhouse, fitness center and heated pool. The 2 model designs being built at Stoneleigh are the Aspen and The Birch. Each has 2 bedrooms and 2 or 2.5 baths and each has a one car attached garage. The Aspen is the end units with both bedrooms on the main level. There is a storage loft on the upper level and it can be finished at an additional charge. The Birch, which are the interior units,  has a more open floor plan on the main level. This design has 1 bedroom on the first level and 1 bedroom on the upper. There are upgrades that are being offered so you can customize your interiors. The models range in size from approximately 1,942 to a li...
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By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
There are 3 55+ communites in Riverhead. Stoneleigh Woods is the newest.Stoneleigh Woods in Riverhead Long Island is a newer 55 and over active adult community in Suffolk County New York and can be reach by Exit 73 on the Long Island Expressway and Middle Road.Stoneleigh Woods, is a code-gated community.  There a clubhouse, fitness center and heated pool. The 2 models at Stoneleigh Woods are the Aspen and The Birch.  They both have 2 bedrooms and either 2 or 2.5 baths. The Aspen model has both bedrooms on the main level with a storage loft on the upper and are the end units.  The Birch, which are the interior units,  have 1 bedroom on the main level and 1 bedroom on the upper. They range in size from approximately 1,942 to a little over 2,000 square feet. CALL FOR CURRENT PRICING.LAWREN...
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By Sean Stark
(Options Realty)
Authored by: Laurie Mindnich March 20th, 2009 While we follow the interminable agenda of “Riverhead Revitalization”, rarely is there a more touching glimpse of the reality that waits…and waits…FOR SOMETHING! Nan Patience, from the local Riverhead Blog, Back at the Ranch , provides an interesting look into the current semi-abandoned state of Downtown Riverhead. http://www.nanpatience.com/?p=399 Thank you Nan Patience for such a realistic perspective, from someone else who cares.
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Authored by: Options Realty March 18th, 2009 This is an early glimpse of what can be expected in first quarter results, obtained from the MLSLI, on closing activity for properties on the North Fork of Long Island: 2009 vs. 2008 Total homes closed, Jan.01, 2009 through March 17, 2009: 44 Total homes closed, Jan,01, 2008 through March 17, 2008: 60 Median closed price, Jan. 01 2009 through March 17, 2009: $385k Median closed price, Jan. 01,2008 through March 17, 2008: $435k Median days on market, 2009:173.5 Median days on market, 2008:120 Median % difference from asking price to closed pricing, 2009: -8.15% Median % difference from asking price to closed pricing, 2008: -8.05% Towns included in the search for sold homes: Aquebogue, Baiting Hollow, Calverton,Cutchogue,East Marion,Greenport, ...
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Authored by: Laurie Mindnich - for Options Realty March 15th, 2009  It was with relief that a new search feature on the MLSLI (multi list service of Long Island) was discovered- it’s an REO (bank owned) and short sale search. It’s now possible to sort properties with these buyer parameters, but is also helpful for sellers. Knowing what’s out there, and being able to access it, is a function needed in  a distressed market, and MLSLI has heeded the call. Unfortunately, this search feature is not yet available for consumers on the MLS feed, but we’re happy to perform the search, and send properties of interest until it becomes integrated into the consumer search feed. We’ll need parameters: towns, preferred home style, price range; once entered, we are able to implement the search, and del...
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Authored by: Options Realty March 6th, 2009 When a foot of snow is the sight present at my front door, it occurs to me that owning a property absent certain time consuming tasks might be a great idea. While I have a few more years to go before the leap to a 55 and better, retirement, or active adult community occurs, I’m looking very forward to it. Absent the element of “retirement”, there are any number of choices for those seeking a low maintenance family condo on the North fork. Below, please find an overview of available condos. All info is obtained from MLSLI, subject to error. *CS indicates common charges. Common charges and taxes are estimates. In Aquebogue, NY: SILVER VILLAGE Price range available: $379.900. CS: $236 Taxes: $6774 In Baiting Hollow, NY: THE KNOLLS Price range ava...
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By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
Glenwood Village Manufactured Homes for 55 and Over Glenwood Village is a 55 and over module home community located in Riverhead Long Island. The community has 500 units and was established in 1959. Also there is now the addition of Glenwood Oaks which are new modular homes for sale on the premises. Glenwood Village offers a recreation center with a gym, billiards, library, an inground pool, bocci, shuffleboard, putting green and laundry facility.   All content, including text, photographs  is the exclusive property of Suffolk Experts, and may not be used without the expressed written permission of the authors All information is believed to be accurate but is not guranteed.
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Authored by: Options Realty February 3rd, 2009 With many vacation/second homeowners contemplating the benefits of keeping a property, or selling a home on the east end/North fork of Long Island, we thought that the following article would be of interest. It clarifies changes made on tax/ownership of second homes. While consulting your own accountant is a given, staying on top of tax changes that impact the sale or rental of second homes for homeowners is worth keeping an eye on. A provision of the recently enacted Housing Assistance Act of 2008, the bill designed primarily to provide relief to some homeowners facing foreclosure, is going to cost some folks who have a vacation or other type of second property. The link to the entire article can be found here. To check out available homes...
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Authored by: Options Realty January 31st, 2009 The following figures were obtained from the MLSLI (multiple listing service of Long Island) and are recorded closings of single family homes on the North Fork of Long Island from January 1, 2009 through January 31, 2009. While deemed reliable, figures may vary. The figures in BOLD are the closed prices. These figures do not include mobile home closings. Aquebogue, NY Closed: 1; $485k/$450k Baiting Hollow, NY Closed: 2; $549,990/$549,990; $699k/$670k Greenport, NY Closed: 1; $229k/$192k Riverhead, NY Closed: 2; $350k/$300k; $398,999k/$345k Southold, NY Closed: 3; $400k/$375k; $420k/$395k; $750k/$705k Total closed in January, 2009: 9 days on market average: 144 *if a town/village is not listed, it did not report a closed property. Total clos...
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By Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo and Home Specialists
(The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803)
Sunken Ponds is a 55 and over active adult community located in Riverhead Long Island, Suffolk County. Condos at Sunken Ponds range in size from 1300 sq ft to 1600 sq ft. It offers a clubhouse, gym, pool, and all of the condos back a golf course. Located in Long Island's North Shore by Exit 73 on The Long Island Expressway, this gated active retirement condo has approximately 192 units in total. Call for current pricing Cell: 631-805-4400 If you would like to see the available condos at Sunken Ponds in Riverhead, or any other community on The North Shore of Long Island, please contact LARRY AND SHEILA AGRANOFFat 631-805-4400 (c) Search Here For Long Island Condos All content text is the exclusive property of Suffolk Experts, and may not be used without the expressed written permission o...
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By Sean Stark
(Options Realty)
Authored by: Options Realty January 15th, 2009 The following press release is a year end (2008) market report for the east end of Long Island (North fork, Hamptons). It was compiled by George R. Simpson, owner of Suffolk Research Services, Inc. As the oldest research service available in the Hamptons, Suffolk Research Services provides data used by developers and real estate companies. They are located in Hampton Bays, New York. In addition to market reports, Mr. Simpson offers seller consulting services, and can be reached at: 631-357-9502. According to George R. Simpson, President of Suffolk Research Service, Inc. the real estate market on the East End of Long Island declined in Median Price, Unit Sales, and Dollar sales for the year 2008 vs 2007. Mr. Simpson said that the Median Pric...
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January 1st, 2009  The following data was collected from MLSLI*. While deemed reliable, figures are subject to error. Total North Fork Real Estate SALES 2008. Aquebogue, NY: 23 Baiting Hollow, NY: 23 Calverton, NY: 15 Cutchogue, NY: 42 Greenport, NY: 22 Jamesport, NY: 22 Mattituck, NY: 27 New Suffolk, NY: 2 Peconic, NY: 8 Orient, NY: 16 East Marion, NY: 20 Southold, NY: 66 Riverhead, NY: 98 COMPARING 2008 WITH 2007: MEDIAN DAYS ON MARKET FOR NORTH FORK, LONG ISLAND HOMES IN 2008: 126 MEDIAN DAYS ON MARKET FOR NORTH FORK, LONG ISLAND HOMES IN 2007: 111.5 MEDIAN SALES PRICE CLOSED FOR NORTH FORK, LONG ISLAND PROPERTIES IN 2008: $460,000 MEDIAN SALES PRICE CLOSED FOR NORTH FORK, LONG ISLAND PROPERTIES IN 2007: $490,000 MEDIAN PERCENT DIFFERENTIAL FROM ASKING PRICE TO SOLD PRICE 2008: -6.7%...
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By Sean Stark
(Options Realty)
Authored by: Options Realty December 6th, 2008 The following is a list of available retirement / vacation / 55-plus condos presently available on the North fork of Long Island, NY.  HOA DUES and taxes as reported in the MLSLI, for use as a guide/estimate: AQUEBOGUE, NY CONDOS Silver Village* HOA DUES: $235 TAXES:$6774 Available: 1; $379,9k BAITING HOLLOW, NY CONDOS The Knolls HOA DUES: $293 TAXES: $3875-$4757 Available: 5; $299k; $375k;$380k;$385k;$389k The Bluffs HOA DUES: $326 TAXES: $5495 Available: 3; $374.5k; $475k; $498,9k CALVERTON, NY CONDOS Calverton Hills HOA DUES: $275 TAXES: $2045 Available: 12;$119,9K $144,9k; $149k; $150k; $165k; $169k; $170k; $179k; $179k; $189k; $199,k; $199,9K Foxwood Village* HOA DUES: $470 TAXES: $3400-6600 Available: 20; $153,5k; $159k; $165k; $168k;...
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By Sean Stark
(Options Realty)
Authored by: Options Realty December 3rd, 2008 The following report indicates the number of homes for sale by town on the North fork of Long Island. This report includes homes for sale excluding mobile homes and condos; under contract homes for November can be found by scrolling further on this page. All homes for sale on the North fork can be viewed by clicking on the blue "north fork homes" tab, entering parameters, and clicking "add" to each town of interest. AVAILABLE PROPERTIES BY TOWN North Fork: Aquebogue, NY:  67 Baiting Hollow, NY:  59 Calverton, NY:  15 Cutchogue, NY:  51 Greenport, NY:  42 Jamesport, NY:  29 Laurel, NY: 16 Mattituck, NY:  74 Peconic, NY: 4 Orient, NY:  16 East Marion, NY: 17 Southold, NY: 126 Riverhead, NY:  146 The graph below indicates third quarter results...
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Authored by: Options Realty December 2nd, 2008   The following report contains information obtained from the MLSLI. The numbers in bold indicate sold pricing vs. listed pricing. While all sales reported are deemed reliable, there is no guarantee of accuracy. HOMES CLOSED ON THE NORTH FORK OF LONG ISLAND NOVEMBER 2008 Cutchogue, NY: 3 $389,9k, $395k; $624,9k, $593k; $929k, $865k East Marion, NY: 2 $400k, $346k; $1.399m, $1.265m Greenport, NY: 1 $429k, $385k Peconic, NY: 1 $799k, $708k Riverhead, NY: 3 $259,9k, $175k; $319k, $295k; $363k, $340k Southold, NY: 2 $599k, $575k; $790k, $700k HOMES UNDER CONTRACT, NOT CLOSED, ON THE NORTH FORK OF LONG ISLAND NOVEMBER 2008 Aquebogue, NY: 1 $339k Cutchogue, NY: 4 $260k, $499k, $525k, $599k Greenport, NY: 2 $519k, $1.849m Jamesport, NY: 1 $725k La...
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By Sean Stark
(Options Realty)
October 17th, 2008  First time buyers (as well as home buyers seeking a second property*) might want to look into the SONYMA Remodel New York loan program. With an increase in potential repairs sometimes present in homes being sold in a distressed market, this program has some highlights that could make sense to homebuyers on the east end (North fork and Hamptons) of Long Island. The following requirements are present with the Remodel New York program: Ratios: 33-38% 40-45% with 3% down or more; Income: $97,100-$111,665 in non target areas $116,250-$135,940 in target areas *Target areas can be clarified when calling SONYMA directly at 1-800-382-HOME. Have the property address ready. Purchase Price Limits:             $550k in non target area $671k in a target area Good credit is require...
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By Sean Stark
(Options Realty)
Authored by: Options Realty October 14th, 2008 The following data has been recorded for Lis Pendens filings between September 1, 2008 through October 10, 2008 on the east end of Long Island (North fork and Hamptons, New York): NORTH FORK, LONG ISLAND LIS PENDENS REPORT: BAITING HOLLOW, NEW YORK- 1 CALVERTON, NEW YORK- 2 CUTCHOGUE, NEW YORK- 1 LAUREL, NEW YORK- 1 MATTITUCK, NEW YORK- 4 PECONIC, NEW YORK- 1 GREENPORT, NEW YORK- 2 RIVERHEAD, NEW YORK- 6 SOUTHOLD, NEW YORK- 1 TOTAL NORTH FORK, NEW YORK: 19 SOUTH FORK (HAMPTONS) LONG ISLAND LIS PENDENS REPORT: EAST HAMPTON, NEW YORK- 8 EAST QUOGUE, NEW YORK- 1 HAMPTON BAYS, NEW YORK- 6 SAG HARBOR, NEW YORK- 6 SOUTHAMPTON, NEW YORK- 4 WESTHAMPTON, NEW YORK- 1 BRIDGEHAMPTON, NEW YORK- 2 WATERMILL, NEW YORK- 1 MONTAUK, NEW YORK- 1 TOTAL HAMPTON...
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