Lindenhurst NY Real Estate Century 21 AA Realty

What Does $15,000,000 Buy You In Nassau County Long Island?

This is what you get for $15M: Old Westbury NY Georgian Mansion

As you can see from the consumer version of the listing, this mansion is in Old Westbury NY and was on the market for 6 days! The property size is just over 400,000 sq. ft. The home itself is 22,000 sq. ft. Listed for $20,000,000 and sold for $15,880,000. It closed on 3/7/2011.

What would you do with all that space? We can dream of owning a home like this but let's face it, it costs a small fortune to run a household of this magnitude so you better have the cash. Speaking of cash, this home was bought with CASH! No mortgage. For privacy reasons, I can't show you who bought the home or who now owns the home but the buyer did pay cash.

As you can see, there are only 2 photos in the listing. For privacy reasons, some homeowners of mansions and estates do not want interior photos of their home for the world to see. I can't blame them. If a buyer is serious, they will see the mansion/estate without seeing many photos first.

Take a look at the property taxes: $136,000 per year. And you thought you paid a lot of property taxes!

View Map of this Old Westbury NY Georgian Mansion

Well, that was fun finding the most expensive mansion in Nassau County NY in the MLS!

Lack of Photo Disclaimer: <Since this mansion and the size of the property it's on, there would have been no way for me to take photos of it unless I find being hunted down by possible guard dogs a thrilling experience>

New Construction Homes For Sale in Nassau County

When buying a new construction home in Nassau County, you still need to do a home inspection. Just because it's new doesn't mean it's perfect. No home is perfect. Builders generally use sub-contractors for drywall, electric, heating and cooling, carpentry, etc. A home inspection could pick up flaws that were made during the construction.

But, some builders across Long Island have excellent reputations for the quality of the homes they build. Getting a home inspection is up to you.

Below is a list of new construction homes for sale in Nassau County:

Baldwin NY new construction homes for sale

Bellmore NY new construction homes for sale

Bethpage NY new construction homes for sale

Farmingdale NY new construction homes for sale

Freeport NY new construction homes for sale

Massapequa NY new construction homes for sale

Massapequa Park NY new construction homes for sale

North Bellmore NY new construction homes for sale

North Massapequa NY new construction homes for sale

Call me today (631) 703-0201 to see if buying a new construction home in Nassau County is right for you!

Fisherman's Wharf West Babylon NY
152 Millard Avenue
Estimated Monthly Mortgage Payment

I have a new listing at 152 Millard Avenue in West Babylon.

Below is a chart to show you your estimated monthly mortgage payment for 152 Millard Avenue West Babylon NY:

If this West Babylon NY coop sold for $200,000 this is what your estimated monthly mortgage payment would be.

The coop Board at Fisherman's Wharf in West Babylon requires all buyers to put down a minimum of 15%. Your bank may want you to put 20% down given how your credit is.

So, with 15% down your estimated monthly mortgage payment would be $1,956. That is the average cost to rent a 2 bedroom apartment in Lindenhurst NY and West Babylon NY. With a coop, it is still an investment for the future.

Lindenhurst NY Open House - 9 Venetian Blvd - 10/9/11 - 1 pm to 4 pm

Come see this fabulous, diamond condition, five bedroom Expanded Cape! Minutes away from shopping, parks and the Venetian Shores Beach & the Beach Hut Water Park.

Quality workmanship shines through this recently renovated home.

Special Features:

• 2011 Chef's Kitchen complete with new refrigerator, stove and dishwasher.
• Maintenance-free vinyl siding.
• New economical 2-zone gas heating system.
• Separate water heater.
• New carpeting, new floors, freshly painted interior and hi-hat lighting.
• Full, unfinished basement with entrance to rear yard and some plumbing for a future bathroom.
• Circular driveway, great curb appeal and 60 x 100 property size.
  

Floor Plan:

• First Floor - Living room, dining room with sliders to deck, custom kitchen, 2 bedrooms, full bath and a step-down den.
• Second Floor - 3 bedrooms and full bath.
• Basement - Full, unfinished with entrance to rear yard. Some plumbing for future bath.

Offering: $359,900

Directions to the Open House:
From Sunrise Highway - Wellwood Avenue South to Montauk Highway and turn left. Pass Delaware Avenue. Turn right onto Venetian Blvd. 9 Venetian will be on your right very quickly.

Location Map of 9 Venetian Blvd.:

View Larger Map

New Construction Homes in Suffolk County

There are 27 new construction homes in suffolk county that came onto the market since 10/1/11.

Prices range from $395,000 to $1.2 million. Most of them are Colonial styles homes.

When buying a new construction home in Suffolk County, you still need to do a home inspection. Just because it's new doesn't mean it's perfect. No home is perfect. Builders generally use sub-contractors for drywall, electric, heating and cooling, carpentry, etc. A home inspection could pick up flaws that were made during the construction.

Below are the 27 Suffolk County new construction homes:

Bay Shore NY New Construction Home

Center Moriches NY New Construction Home

Centereach NY New Construction Home

Dix Hills NY New Construction Home

Farmingville NY New Construction Home

Mastic NY New Construction Home

Mt. Sinai NY New Construction Home

Port Jefferson Station New Construction Home

Shirley NY New Construction Home

Sound Beach New Construction Home

Southhold NY New Construction Home

St. James NY New Construction Home

Yaphank NY New Construction Homes - There are quite a few in this list.

Search below for homes on the market throughout Long Island:

Long Island Distressed Properties - The Invisible Seller

When you buy an REO/distressed property, there is still a seller involved. It is not the person that defaulted on the mortgage. It is the bank/Asset Manager.

When you make an offer on a Long Island distressed property, that offer goes to the Asset Manager via the listing agent. Then it goes to their Manager. If your offer is accepted, you do the home inspection. If the inspection report is acceptable to you, you move forward and sign the contract. Then you start the mortgage process as normal.

Here is where buyers get a little confused. Since there is no one living in the home and the offer is accepted, buyers truly feel the home is theirs. It is not. It will be yours when you sign all the closing documents. The seller is the bank, not a ghost. Just because you never met them, doesn't mean they do not exist. Trust me, they exist.

You cannot do the following until you close:

You cannot........Get the keys to the house.
Do NOT..............Ask your real estate agent for the lockbox code. Do not get annoyed at your agent for refusing to do this. No buyer is allowed to gain entrance to a home without a licensed real estate agent. That is the law!
You cannot........Do repairs or home improvements ahead of time.
Do NOT..............Leave a door or window unlocked behind your agent's back so you can gain access when you want. The agents are checking on the home to make sure this does not happen. Did you know that is breaking and entering? Just wondering.
Do NOT...............Ask the bank/seller to do minor repairs. It just ain't gonna happen.

Be happy you got the home for much lower than the appraisal came in for. You worked hard to save money to buy that home so enjoy the milestone of home-ownership!

Lindenhurst NY Distressed Properties - Giving Buyers More Choices

Back in June 2011, I met with a new first time home buyer. He was looking to purchase a coop in West Babylon. We looked at a few and made an offer on one but it already had an accepted offer. Onward and forward.

At our first meeting, I presented information about foreclosures in Lindenhurst NY and West Babylon just in case a coop would not work out. I'm glad I did. We saw a few and most needed work. He wasn't afraid to do work as long as the house was structurally sound.

Didn't take long and we made an offer on a really great house. After a couple of days I find out the bank accepted another offer and we were a back-up offer. He was disappointed but we continued our search. Didn't find much after that but since he got a taste of owning a single family home, he opted to forget about a coop. That I can understand. If you can buy a single family home at the same price or even lower than a coop, wouldn't you want the single family home with a large yard instead? You betcha!

I placed the home he lost out on into my favorites on the agent only side of our MLS and watched it like a hawk to see when it would go under contract. After 2 weeks it went under contract. I still kept a watch on it just in case the deal fell through. I must have checked on it at least 10 times a day to see if there was an update. After a few weeks, I look and there it is, BOM (back on market) and the price was reduced! Woohoo! I call my buyer to tell him then I call the brokerage to find out what is going on. After a few days of waiting, they told me our offer was accepted! Yeah! Now we wait for closing day. My buyer was so happy, he had to pull over!

With real estate and all of life, things happen for a reason. With distressed/REO properties, banks want the properties off the market and off their books. They will take a cash offer first. My buyer isn't paying cash. By keeping an eye on this property for him, he will soon be a proud first time home owner. I knew my buyer was meant to have this house and I didn't give up on it. I just had "the feeling" it would work out sooner or later.

Open House - Fishermans Wharf West Babylon NY Coops - 152 Millard Avenue

Where:  152 Millard Avenue - West Babylon NY

Date: Saturday, October 8th, 2011

Time: 1:00 p.m. to 3:00 p.m.

Fisherman's Wharf in West Babylon is located East of Route 109, south of Sunrise Highway and across the street from the West Babylon High School on Millard Avenue.

Why buy a co-op in Fisherman's Wharf in West Babylon? It'simple. Enjoy not having to come home and mow the lawn, water it and say goodbye to snow removal!

Wouldn't it be nice to come home on a hot Summer day and just jump into the in-ground pool and cool off? That is exactly what I used to do when I lived in Fisherman's Wharf in West Babylon NY. I can't describe how refreshing that is!

Fisherman's Wharf in West Babylon NY is conveniently located to the Babylon train station and takes about an hour to get to Penn Station.

Parking accomodations are ample at Fisherman's Wharf Coops. You will never have to park on the street again. Wouldn't it be nice to just park and enter right into your new home? You betcha it is!

Like to work out but not into getting in your car and driving to a gym? There is a nice workout room in the clubhouse at Fisherman's Wharf. I used to also like walking around the development. The length is apporoximately a quarter mile around.

Have a pet? There are no weight requirements for pets at Fisherman's Wharf in West Babylon. That is the ultimate in being a pet-friendly community!

Like to entertain and have parties? For a nominal fee, you can rent the clubhouse for your special affairs. There is even a pool table in the clubhouse.

Come visit me at the open house on October 8th, 2011 from 1:00 p.m. to 3:00 p.m. I hope to see you there!

Fisherman's Wharf Coops West Babylon NY - 2 Bedroom Coop For Sale Fisherman's Wharf at Babylon - 152 Millard Avenue West Babylon NY

Offering $200,000

This two bedroom coop at Fisherman's Wharf West Babylon NY has been well cared for.

This coop is located in the beautiful courtyard section and has a private terrace. Since this unit is on the second floor, there is no one living above you!

The owners extended the kitchen floor to create an eat-in kitchen instead of having a galley kitchen.

Spacious living room, master bedroom and secondary bedroom.

Updated full bath too!

Pet friendly and there are no weight limitations. That is rare to find these days!

If you have children, they will go to the famed Babylon NY School District.

Interactive Map of Fisherman's Wharf at Babylon:


View Fisherman's Wharf Co-Ops West Babylon in a larger map

Amenities:
In-ground pool
Two tennis courts
Clubhouse with pool table. You can rent the clubhouse for parties for a nominal fee.
On-site workout room
Three laundry rooms - One laundry room is a few doors down from this coop unit. Very convenient!

Maintenance Fee:
$985.87 - includes your share of property taxes, heat, management fees, property insurance, landscaping, exterior repairs, interior repairs behind the wall only (you are responsible for the walls outward from inside the unit), part of the property's underlying mortgage, water, garbage removal, pool maintenance, tennis courts, and clubhouse. You pay for your electric, cable and phone. Your maintenance fees are up to 65% deductible but please check with your tax professional regarding this.

Fisherman's Wharf Board Requirements:
Minimum down payment: 15%
3 to 1 debt-to-income ratio
Income requirements: $53,950 per year if you are taking a mortgage. $44,141 if you are not taking a mortgage.
Gross Annual Income must be 5-1/2 times the maintenance fee of $985.87

Board Application Process:
Application Fees: $400.00 (non-refundable) made payable to Total Community Mangement
$150.00 per applicant for a credit and background check made payable to the investigation company.
$600.00 application fee made payable to Fisherman's Wharf.

After the homeowner accepts your offer, you can start your mortgage process. Once you receive your mortgage commitment, then you can send in your application to Total Community Management. When they see you meet all of the requirements, your application will be passed on to the Board. You will then be contacted for a personal interview. Do not worry. The Board is a nice group of homeowners living at Fisherman's Wharf in West Babylon NY.

Once you are approved, you will go to closing in approximately 2 to 3 weeks.

Please call me today (631) 703-0201 to schedule a private showing before the Open House on October 8th, 2011.

Oak Beach NY Homes For Sale

I had the pleasure of showing homes in Oak Beach NY this past weekend. I love it there! The views from some of these homes are spectacular!

Oak Beach NY is an exclusive Homeowner's Association and a gated community. Right now, the HOA fees are $3,600 per year. You also have beach rights. The land in Oak Beach NY is leased to Babylon NY until 2050.

Currently, are eight homes for sale in Oak Beach NY. One of these homes is a short sale. This was one of the homes I showed over the weekend. It has 4 bedrooms and a master bedroom suite with a spacious, private full bath. This home is approximately 4,000 square feet.

Just six years ago, some of these homes could sell for over $1M. Now? Depending upon condition and considering the market has come down by 20% since 2007, we are talking listing price of $350,000 to $700,000.

The photo below is while I was on my way to show some homes in Oak Beach NY. The road is the Robert Moses Causway and the bridge you see is called the Robert Moses Bridge. Once you cross over, you then take the Ocean Parkway to get to Oak Beach NY.

This is the road that leads to the Oak Beach NY gated community. At the end, you come to the gate and if you do not have a gate code, you are not going to be let in.

Views from the home in Oak Beach NY:

On the way back from Oak Beach NY. It was a great day showing homes!