Monday, January 31, 2011

7 Tax Law Changes That Affect 2010 Taxes



Last year, Congress spent a good part of its time worrying about 2011's tax laws. But lawmakers finally did get down to business and passed some legislation at the last hour that could affect your 2010 tax return.


Look out for these seven tax scenarios as you complete your taxes this filing season.


Watch the filing timetable

 

The first thing some taxpayers need to know about isn't tax laws, but the timing of those laws. Because Congress took until Dec. 17, 2010, to finalize legislation that applies to this year's filing, the Internal Revenue Service is playing catch-up, still revising some forms and updating its computer system.That means that if you itemize deductions on Schedule A or claim the tuition and fees or educator expenses deductions directly on Form 1040 or 1040A, the IRS won't process your return until Feb. 14. If you e-file, the IRS says don't wait; most software manufacturers will hold your return until Valentine's Day.

 

Claim the expanded first-time homebuyer credit

 

This home-related tax break, which first appeared in 2008, was extended yet again in 2010. Because it's a tax credit, you can subtract the amount directly from any tax you owe as long as you had a written, binding contract in place by April 30, 2010, and closed on your primary residence purchase by Sept. 30, 2010.
The exact amount of the credit depends on whether, under IRS definitions, you're a first-time buyer or a move-up buyer. First-time buyers generally haven't owned a home in the preceding three years and can claim an $8,000 tax credit. Folks who previously owned a home but bought another one might be eligible for a $6,500 tax credit.

Even better, the homebuyer credit is refundable for first-timers and move-up buyers. That means that if your tax bill is less than the credit amount, you'll get the excess back as a tax refund.

One downside, however, is that homebuyer credit claimants can't e-file. "Because additional documentation is required -- a copy of the sales contract, closing statement or equivalent -- you'll have to file a paper return," says Mark Luscombe, principal federal tax analyst with CCH, a tax software and publishing company in Riverwoods, Ill.

 

Repay the original homebuyer credit

 

If you took the original first-time homebuyer credit a couple of years ago, 2010 is your year of tax-break reckoning.
Initially, the homebuyer tax break was not a true credit, despite being called such by lawmakers. Rather, it was a $7,500 interest-free loan that buyers claimed on their 2008 tax returns and agreed to pay back over 15 years on future tax filings. That payback begins with 2010 returns.
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Whether you're claiming the first-time homebuyer credit or paying back the 2008 version, you'll have to file Form 5405.


 

Decide whether to pay Roth conversion taxes

 

Individuals now can convert traditional IRA savings into Roth IRAs regardless of their income. For conversions completed in 2010, account holders also get the option to postpone paying any taxes on such retirement account changeovers.

The default filing position is that you'll count half of any income produced by the IRA conversion in the 2011 tax year and the other half in 2012, and then pay taxes on the amounts with those respective tax filings.

Most individuals likely will opt to do just that, says Luscombe, since the tax law enacted at the end of 2010 keeps income tax brackets at their current rates for the next two years.
However, if you find it works better for you to pay all of the taxes associated with a Roth on your 2010 return, let the IRS know by filing Form 8606.

You also have a similar two-year deferred tax payment option, says Luscombe, if your employer offers a Roth 401(k) account and last year you rolled your traditional 401(k) savings into a Roth workplace plan.

 

Add up your adoption credit

 

The health care reform law offers an expanded tax break to families who adopted children last year. The maximum adoption credit for 2010 was increased to $13,170. The increased credit applies to the adoption of any child, not just special needs children, and the credit is refundable.

 

Max out your itemized deductions

 

Higher-income earners get to keep all their itemized deductions and personal exemptions claimed on 2010 tax returns. In prior years, once your adjusted gross income exceeded a certain amount, you had to reduce these tax break amounts. The exemption and deduction phaseouts, however, have themselves been phased out.

 

Take your time

 

Finally, for all you procrastinators (that's why this tip is last!), the best news about your 2010 taxes is that you have until April 18 to file your return. As with the filing delays mentioned earlier, this technically isn't a new law, but rather a convergence of a Washington, D.C., holiday and the 2011 calendar. The bottom line, though, is that everyone across the country gets three extra days to submit their 2010 tax returns.



Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/





Friday, January 28, 2011

Weekly Stats - JC Downtown - from Hoboken Real Estate Monitor



Downtown Jersey City Weekly statistics from Hoboken Real Estate Monitor.


Hoboken's Weekly Statistics will continue to be posted on Thursday mornings.  Downtown JC stats will be posted on Fridays.   In addition to posting them, the latest version will be available through the Weekly Statistics Icon on the right vertical nav bar. 


Here is the link to the Downtown Jersey City statistics:


Downtown JC Stats


The statistics contain links to the listings that compiled the price per square foot so you can see exactly what amenity and finish level are included.  They contain live links to all Active, Under Contract and Sold listings.

Each week the new listings for the week will be in separate links by neighborhood so you can quickly see what came on the market in a given week.  

The Downtown Jersey City Statistics are broken down  at the neighborhood level:
  • Newport/Pavonia
  • Hamilton Square
  • Harsmis Cove
  • Powerhouse District
  • Van Vorst Park
  • Liberty Harbor
  • Harborside
  • Paulus Hook
  • Western Edge



The first rule in real estate is location, location, location.  By breaking down the downtown areas into neighborhoods, you get a much finer understanding of the price per square in the specific area where you are looking .

If you use price per square foot as a measure, it really tells you which areas are more sought after than others.  The more desirable - convenient to public transportation, restaurants and shops, etc. - the higher the price per square foot.  Likewise, if you are willing to go to an up and coming area v an established neighborhood, you can get more space for your money. 



Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/



Thursday, January 27, 2011

The Number One Reason why A Tax Appeal Fails is Because the Home Owner Brought the Wrong Comparable Sales







April 1st Filing Deadline to Appeal Your Property Taxes . . .

Want to appeal your taxes on your own and all you need are the right comparables sales?  The deadline for filing is April 1st ie the paperwork has to be received by the county by April 1st. 
 
The number one reason why a tax appeal fails is because the applicant does not have comparable sales that demonstrate the current value of the subject.  It's not enough to find a unit that is the same size in the same town that is at a lower price point.  In a walking town, like Hoboken, proximity is extremely important as is condition, building style and amenity.  The comps are at the core of proving your home is over assessed and therefore warrants a reduction. 

To win a tax appeal you have to prove your home is not worth what it was the last time it was assessed.  Every time a home is sold, the assessed value is readjusted based on the sale price.  The assessed value is a function of the market value.

One of the most common errors in making a tax appeal is using the wrong comparable sales.  The comp has to be dated within a specific time period, has to be similar in features both in terms of the building and the unit, space and of course, location, location, location.  In a walking town like Hoboken, blocks matter. It takes about an hour to pull the comps and make defendable adjustments for differences.  It's important that you understand these judgments so that you can make your case to the assessor.

Unless you go to the County Recorder's office and look up closings manually, most public closing databases are 6 months old and even if you had easy access, other than the lot size or square footage the tax record in not going to have any photos or description.  How can you tell it's the correct comp?  How can you prove it to the Tax Assessor?

The comps have to be dated after October 1 for the April 1st deadline to file in a given year.  This year it could be quite a challenge.  As you may recall from my "2010 Year in Review" article, volume was way down in Q3 and Q4.  If your home is somewhat unique in size and amenity, it will make it even tougher to find good comps.  You have to widen the scope of the search and make adjustments for differences.  Real Estate is incredibly localized and real estate agents generally know the market better than appraisers.  On average, it takes about an hour to find the right comps, evaluate and provide a rationale for differences and and assign values to those differences.

I am not an attorney and do not offer legal advice but what I can do is provide access to the tax appeal forms, the government provided instructions and access to comparable sales so that you can apply for the appeal yourself.  I did it myself last year and saved over $1,100. 

Attorneys typically charge 1/3 of your savings which can be substantial depending on the size of your home and the decrease in value.  Attorneys can represent you at the appeal but often times still ask you to find your own comparable sales.  Appraisers charge $350 - $450 and may go with you to the appeal not as your representative but as an expert on property valuation.

Last year, I represented myself and won an approximate $1,100 reduction of my property taxes and my place is small -  585 square feet on Washington and 10th in Hoboken!  If I hired an attorney that would have cost me $363 and potentially another $350 - 450 for the appraiser.  I would have been left with only about $290 in savings - frankly not worth the time to bother.

Don't be afraid to represent yourself.  The instructions are self evident.  It's a simple 1 page form.  I will be happy to go over the form with you and show you where you can find pertinent data elements on your tax record to complete it.  See below for the form and instructions.


I charge $100 for comparable sales.  
I accept cash or Paypal only.  Please call 201-240-6832 or email me at donnaantonucci@gmail.com today, to make an appointment. 


The deadline for submitting your tax appeal form to the County Clerk is April 1st, 2011 and the comparable sales must be dated after October 1, 2010.  

Here is the form and the instructions:
Tax Appeal Form                                                            

Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/





Weekly Stats from Hoboken Real Estate Monitor




Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links & submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Click here for this weeks statistics.

Use the weekly statistics to track the market.  Bid on your new home with confidence!

See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?

Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http:www.donnaantonucci.com


Wednesday, January 26, 2011

Weekly Open House & New Listing Maps Hoboken Downtown Jersey city from Hoboken Real Estate Monitor.com





We will be checking Craig's list, realtor sites, the MLS again later in the week but don't expect any open houses this week.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http://www.donnaantonucci.com/




Tuesday, January 25, 2011

Free Real Estate Forum - February 22nd - 10 to 12. Virtual Access available.

I am offering a free real estate forum on February 22nd, from 10 -12 at 203 Washington St. Coffee and cake will be served.

Meeting access will also be available through www.Gotomeeting.com.  You must sign up in advance and you will be given a meeting code to log in.  Meeting documents will be visible on screen. 

I will do a 15- 20 minute presentation on the current market conditions and then we will discuss the market and some of the challenges you may have faced in either renting or selling your real estate as well as things to consider when buying.

Topics to be covered:

Trending of price per square foot by 1, 2, 3+ bedrooms, 1-4 family. Trends in design.  How to stage your apartment and more.

The forum will only be held if we get at least 5 people to sign up within 72 hours of the event.

To sign-up please send an email to donnaantonucci@gmail.com. Be sure to include your name, and the names of everyone in your party who is coming, address and cell phone.


Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/



Monday, January 24, 2011

Proposed Rent Control Ordinance

Here is the proposed rent control ordinance that will be discussed at tonight's special sub-committee meeting.

Landlords and renters a like may want to watch this closely.  The proposed ordinance puts in a statute of limitations after which Tenants cannot make a claim of illegally charged rents.

Landlords will be required to provide a legal rent disclosure at the time a lease is signed documenting what the legal rent is. 

Proposed Rent Leveling Ordianance Draft 1                                                            


Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/





The Tomb of the Medici - What can art history teach us about interior design?

Donna Antonucci


















You never know where life is going to lead you. I love real estate , design, numbers, art, languages, running my own business.  You cannot fake or manufacture passion.  At times I couldn't tell you how my seemingly disparate interests would come together.

I studied Economics and Accounting in college but I also had an interest in languages, history, art.  I ended up with a second major in Italian literature and minor in Art History.  I had the great pleasure of studying at the Universita` Degli Studi in Florence across the street from L'Academia Delle Belle Arte where Michelangelo's David is today. I studied Art History for a semester before the University year started with an artist and professor where we went to see almost every piece we studied.  

Studying art and what the great masters did, what made their work so brilliant can be applied to your home to make it a more comforting and expression of yourself.  Ever great architect and interior designer has studied the Renaissance to understand flow and how to draw the viewer's eye through a space.  

I would like to share with you one of my favorite pieces by Michelangelo and what it taught me about space, how design can draw your eye, create tension and serenity.  ....

Donna Antonucci
The Tomb of the Medici is the Tomb of Lorenzo and Giuliano de' Medici that sits in a chapel adjunct to the Church of San Lorenzo in Florence, Italy.  

The tomb is for Lorenzo and Giuliano De'Medici.  It has a sarcophagus for each facing each other, an alter facing a sculpture of Mary and child.  
Giuliano's Tomb facing Mary and Child


The floor is busy with white and dark, blue green marble squares.  Above each sarcophagus is a figure of the Medici who is entombed below.  Both are twisting to look at Mary and child.  


Notice how the head of each seems small for the body. 



Giuliano De'Medici
Lorenzo De'Medici


























Each sarcophagus has 2 sculptures on each known as Night and Day on Giuliano's and Dawn and Dust on Lorenzo's.  

Giuliano's Tomb with Night and Day (male figure on right)
Look at the face of Day.  It's unfinished yet it has an expression of shock not unlike what we all feel as we get up to face the day and the challenges of daily life.  The body is tense.  Michelangelo did this work in a dark period in his life and in Florence's life and the expression of the challenges of life are in this piece.  Look at the tension in the muscles.  You can feel his angst. 





Day



Lorenzo's Tomb with Dust and Dawn (right female figure
Night, the figure on the left when looking at Giuliano's tomb, has less tension.  Of the 4 figures, Night is the most relaxed and the most complete.  It has far less rough, unfinished features of the 3 other figures.  In Michelangelo's time, he was criticized for installing unfinished pieces but today we know that he did this as part of his expression and message about life and about the two men for which this tomb is an honorarium.  Night, when we are at rest is when we are most like the life complete, at peace and still as we are in death.





Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http://www.donnaantonucci.com/




  Read more after the jump....

Friday, January 21, 2011

Downtown JC Stats from ....... The Monitor.....



Downtown Jersey City Weekly statistics from Hoboken Real Estate Monitor.


Hoboken's Weekly Statistics will continue to be posted on Thursday mornings.  Downtown JC stats will be posted on Fridays.   In addition to posting them, the latest version will be available through the Weekly Statistics Icon on the right vertical nav bar. 


Here is the link to the Downtown Jersey City statistics:


Downtown JC Stats


The statistics contain links to the listings that compiled the price per square foot so you can see exactly what amenity and finish level are included.  They contain live links to all Active, Under Contract and Sold listings.

Each week the new listings for the week will be in separate links by neighborhood so you can quickly see what came on the market in a given week.  

The Downtown Jersey City Statistics are broken down  at the neighborhood level:
  • Newport/Pavonia
  • Hamilton Square
  • Harsmis Cove
  • Powerhouse District
  • Van Vorst Park
  • Liberty Harbor
  • Harborside
  • Paulus Hook
  • Western Edge


The first rule in real estate is location, location, location.  By breaking down the downtown areas into neighborhoods, you get a much finer understanding of the price per square in the specific area where you are looking .

If you use price per square foot as a measure, it really tells you which areas are more sought after than others.  The more desirable - convenient to public transportation, restaurants and shops, etc. - the higher the price per square foot.  Likewise, if you are willing to go to an up and coming area v an established neighborhood, you can get more space for your money. 


Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/


Thursday, January 20, 2011

Hoboken's Weekly Stats - New and Active Listings by Neighborhood




Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links & submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Click here for this weeks statistics.

Use the weekly statistics to track the market.  Bid on your new home with confidence!

See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?

Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http:www.donnaantonucci.com


Wednesday, January 19, 2011

Hoboken Downtown JC Weekly Open House and New Listings Map from Hoboken Real Estate Monitor.com



We will be checking Craig's list, realtor sites, the MLS again later in the week but don't expect any open houses this week.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http://www.donnaantonucci.com/



Tuesday, January 18, 2011

Price Per Square Foot by Bedroom from Q1 2006 thru Q4 2010

This the chart that everyone likes.  It shows the price per square foot by neighborhood for Hoboken overall.  Click on the graph for a larger view.

Notice that the price per square foot for 3 bedrooms is trending down when you look at it from the peak in Q4 2007.   There was a noticeable uptick between Q4 2008 and Q1 2009 but that is likely attributable to low volume.  Keep in mind, the market crashed in October 2008 so volume after that was minimal.  The vast majority of what closed directly after the crash, were sales that were under binding contract before the crash.  Anyone who had an out right after the crash bailed - well overall anyway.  There was another noticeable tick up from Q1 to Q2 2010.  Many attribute this to the halo effect of the first time home buyer tax credit.  Most 3 bedrooms were beyond the price limit allowed under the program but since the program injected hope into the market with a lift in activity, it seemed to have had an impact on 3 bedrooms as well.

Notice that the one and 2 bedrooms largely follow the same downward slope as the 3 bedrooms with lesser variation over time.   There is much more volume in Hoboken in one and 2 bedrooms with 2 bedrooms roughly 2/3 larger than one bedroom sales in terms of units.

The number of studios and 4 bedroom sales in Hoboken is small in absolute terms so even one purchase with a very high or low price per square foot can swing the average.   So, I largely discount this as an indicator.



Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http://www.donnaantonucci.com/



Monday, January 17, 2011

Designer Scott Hixson reinvigorates a DC row house using vibrant artwork and a soothing palette







They say doctors shouldn’t perform an operation on a friend. But that adage clearly doesn’t apply to interior designers. When a couple decided to renovate the Dupont Circle row house they’d lived in for nearly two decades, they called on pal Scott Hixson—and the results are off the charts.

“We knew Scott socially…and it became this perfect match,” says homeowner Linda Frame of the working partnership she and her husband shared with designer Hixson. “I don’t know how many times we told him we didn’t want the project to end. There aren’t many people who can say that after a year and a half.”

In fact, what was initially intended only as a facelift turned into a complete redesign of all three floors of the home. “The project just kept growing. We were going to do some cosmetic things and we ended up ripping out the entire kitchen and doing major renovations on every floor,” Hixson says.

The house, which was built at the turn of the century, received an upgrade in the late ’80s but still didn’t reflect its current owners’ personalities. Although the redesign didn’t alter the architecture, Hixson oversaw the installation of new flooring and lighting, a completely new kitchen and even exterior trim and color alterations.

Once they decided to go with a complete renovation, the homeowners took the concept of starting over quite literally, ridding themselves of almost everything—from furniture to draperies to silverware.

“They didn’t keep anything. I’ve never had a client who worked like this,” Hixson says. “Usually I have a few things as a starting point, which gives me something to work with, but with these people it was a blank slate. Everything went—other than their clothes!”

The couple did retain their collection of Clarice Cliff pottery. The  brightly hued English ceramics captured the eye, but were so scattered that they left a sense of incongruity. It was this collection that gave Hixson the jumping-off point he wanted. “The pottery was everywhere in the house. There was some in the living room, some in the dining room, some on shelves in the kitchen,” Hixson says.

“The first thing we had to do was get them together and showcase these pieces.” He designed a simple shelf in the living room to house the collection. For continuity, Hixson removed upper cabinets on one wall of the adjacent kitchen, opening a sightline to the living room. The all-Boffi kitchen, which has a wall of stainless-steel tiles, also opens to a breakfast room where walls are covered with silver grass-cloth that continues the metallic theme but softens it a bit.



Throughout the home, Hixson created a vibe of simplicity and sophistication—modern without being cold, clean-lined without being sterile.

“There are a lot of bright colors associated with the pottery and we wanted something soothing and sophisticated that would stand the test of time to surround it,” Hixson says. “We definitely didn’t want drapery, no skirts on the furniture. It’s pretty much an urban sleek look, but it’s warm. A nice place to come home to.”

The designer also enlisted the aid of local artist and art consultant Mike Weber to find pieces in diverse media that would complement the home’s new look. “The owners took their time selecting pieces,” says Weber, “which is a smart way to go. It wasn’t just about filling the walls. They picked some pieces that were a bit more challenging that they could grow into.”

In keeping with the couple’s burgeoning art collection, Hixson suggested a neutral color scheme, punctuated by pops of color such as the orange-upholstered dining room chairs. “The color palette we devised consists of nice neutrals, stone and taupe colors,” he says. “We mixed in orange and accents to play up the colors that are in the pottery, but mostly everything is earthy and warm.”

Echoing the vibe from downstairs, the second-floor master bedroom is a retreat in soothing gold tones. All of the bedroom furniture is custom-made, including the headboard, a chest of drawers crafted from quarter-sawn oak and nightstands that appear to hang from the wall.



The renovation also encompassed the creation of a third-floor media room, complete with comfortable seating for gathering friends, plus built-in cabinets and additional office space and storage. “This was a room that was neglected. Before we did anything, they never went up there,” Hixson says. “The room is, not surprisingly, a lot darker than the rest of the house. It created an interesting aesthetic. As you ascend in the home, it gets darker.”

The neutral palette provides a complementary backdrop to the body of original art that now graces the home, including a nude by Craig Alan in the guest bedroom, a 10-by-80-inch Sarah Stockstill acrylic-on-linen piece in the breakfast room and a Rebecca Kamen wire sculpture in the upstairs office.

Cradled in serenity and surrounded by interesting artwork, the homeowners now spend more time entertaining as well as simply relaxing at home. Do they miss any of their former belongings? “Are you kidding me? I don’t miss a thing,” says Linda Frame. “There is not one moment of regret.”

Writer Catherine Applefeld Olson resides in Alexandria, Virginia. Photographer Stacy Zarin Goldberg is based in Olney, Maryland

INTERIOR DESIGN: Scott Hixson, Scott Hixson Design, LLC, Washington, DC. ART CONSULTANT: MIke Weber, Weber Fine Art, Washington, DC. 





Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832






Friday, January 14, 2011

Updated: The Open House and New Listings Map has been updated with additional open houses


Hoboken and Downtown Jersey City Open House and New Listings Map from Hoboken Real Estate Monitor.com...

We will be checking Craig's list, realtor sites, the MLS again later in the week but don't expect any open houses this week.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Hoboken, JC Open House and New Listings Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http://www.donnaantonucci.com/



Jersey City Statistics from Hoboken Real Estate Monitor



Downtown Jersey City Weekly statistics from Hoboken Real Estate Monitor.


Hoboken's Weekly Statistics will continue to be posted on Thursday mornings.  Downtown JC stats will be posted on Fridays.   In addition to posting them, the latest version will be available through the Weekly Statistics Icon on the right vertical nav bar. 


Here is the link to the Downtown Jersey City statistics:


Downtown JC Stats


The statistics contain links to the listings that compiled the price per square foot so you can see exactly what amenity and finish level are included.  They contain live links to all Active, Under Contract and Sold listings.

Each week the new listings for the week will be in separate links by neighborhood so you can quickly see what came on the market in a given week.  

The Downtown Jersey City Statistics are broken down  at the neighborhood level:
  • Newport/Pavonia
  • Hamilton Square
  • Harsmis Cove
  • Powerhouse District
  • Van Vorst Park
  • Liberty Harbor
  • Harborside
  • Paulus Hook
  • Western Edge

The first rule in real estate is location, location, location.  By breaking down the downtown areas into neighborhoods, you get a much finer understanding of the price per square in the specific area where you are looking .

If you use price per square foot as a measure, it really tells you which areas are more sought after than others.  The more desirable - convenient to public transportation, restaurants and shops, etc. - the higher the price per square foot.  Likewise, if you are willing to go to an up and coming area v an established neighborhood, you can get more space for your money. 

Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/

Thursday, January 13, 2011

Hoboken Real Estate Monitor - Hoboken's Weekly Stats Report




Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links & submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Click here for this weeks statistics.

Use the weekly statistics to track the market.  Bid on your new home with confidence!

See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?

Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com
http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/





Wednesday, January 12, 2011

The New Listings and Open House Map - The listings are starting to build...



We will be checking Craig's list, realtor sites, the MLS again later in the week but don't expect any open houses this week.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
http://www.donnaantonucci.com/



Tuesday, January 11, 2011

One to 4 family sales for 2010

 

There were 64 one to 4 family sales in Hoboken in 2010.  Each one  of these gems is unique.  Location, square footage of the lot, envelop of the building, original detail, amenity and finish level all go into pricing one of Hoboken's beautiful brownstones.  Given the small universe of one to families sold - 64 units - it doesn't make sense to look at averages.  Each one of these are price separate and price per square foot is far less of important factor.  Having a really good agent on a real property sale is critical for both buyer and seller to get to the right price.

This spreadsheet is wide.  To get the full picture of each listing, you have to download the spreadsheet and switch the orientation to landscape.  Scribd - my document service translates documents to a variety of formats but unfortunately does not preserve the custom size and landscape orientation upon upload.  

One to 4 fam 2010                                                            

Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/



Monday, January 10, 2011

2010 Year in Review


The Year in Review is here. Here is the first installment of the numbers for 2010. There were 818 closings in 2010. This includes condos, 1-4 families and commercial sales. This first installment of the year in review includes condos only.

I like to look at price per square foot by contract date. The price per square foot by contract date is a more accurate depiction of pricing because it's the contract date where the buyer and the seller have come together and agreed on a price of a specific property. It takes 4 to 8 weeks to close depending on whether it's a cash deal and how unique the property is. That is, a 1-4 family, generally, takes more due diligence than a condo.

There are a variety of reasons why a closing may take longer than this. One typical reason why the time from contract to closing takes longer than this 6-8 week period is because the unit goes under contract in pre-construction. A property sold in pre-construction can remain under contract for 6-8 months or even more. Because the decision point to buy and the agreed upon price were made so far in advance of the closing, the price is not necessarily a reflection of pricing at that time of the closing.  I excluded transactions that closed in 2010 that had a contract date prior to Q4 2009. There were 52 transactions that were cut from this analysis for this reason.

Here are the raw stats.  Commentary and graphs to follow.  Click on any of the images for a larger view.





Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/