New Haven, CT Real Estate News

Historically there have been few criminal employment tax prosecutions, however the IRS Criminal Investigation Division has suddenly focused on this area.  The number of prosecutions for criminal employment tax violations under IRC § 7202 has swung up significantly in the last 2 years. We represent taxpayers in a number of criminal tax prosecutions, and can tell taxpayers that the things that the IRS Criminal Investigation Division looks for when deciding to pursue a criminal payroll tax case against a business owner.    Those things they look for include: •       Recidivism: Where the taxpayer has opened a series of companies that fail to pay the employment taxes.  •       Personal benefit reaped by the owner ...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
  I don't like movie Theaters so I wait until the movie comes out on DVD.  I don't like to go to concerts, so I wait to buy the CD.  But there is a combination of the two that I will go to and that is a Play or Broadway Show. My 38th wedding anniversary is in another 12 days, and for our anniversary my wife wanted to go see The Jersey Boys.  When I heard the price of the tickets, you guest it, I almost had the big one.  My wife knew exactly what my reaction would be, so thoughts started to run through my mine, did she really want to make it to number 39?  After 38 years she knows what to say to get her way, so I agreed and the tickets were order. The Jersey Boys was only here at th Shubert Theater in New Haven, CT until today, and the best tickets that she could get were for yesterday ...
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The same crap with lost documents and poor communication as I wrote in my last blog about US Bank. Only difference was this time once the file got in front of a negotiator the person sitting behind the desk was competent. I better go play powerball now, because that was like winning the lottery when it comes to this bank. Anyhow, this particular client was deep in foreclosure. When we listed the property a motion for judgement of strict foreclosure had just been filed, and the prospects of closing this deal seemed weak at best. We were able to get a contract in the first 2 weeks, and quickly submitted all docs to US Bank...again, and again, and again. 3 months roll by and our first buyer walked. We were able to quickly get another buyer, and at about the 130 day mark, we finally got a ...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
There are some great buying opportunities for buyers searching for homes for sale in Morris Cove New Haven CT.  As someone who has lived in the area for the majority of my life Morris Cove is one of the hidden gems located along the Greater New Haven shoreline. With the wide variety of styles, sizes and price ranges to choose from there's a home to fit almost any buyer's budget and lifestyle.  Surrounded by Long Island Sound you'll find that many of the homes for sale in Morris Cove are mere minutes away from the beaches, parks and recreational areas.  Imagine the enjoyment on a warm summer evening of feeling the cool ocean breezes blowing against your skin as you stroll along the Pardee Seawall or feel the sand between your toes on the beach at Fort Hale Park or Lighthouse Point Park. ...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
The Connecticut Finance Authority Section 8 Voucher Program In Hew Haven CT is a little known program that is available not only in New Haven, but also in the following 10 Connecticut towns listed below: Ansonia Bridgeport Bristol Danbury Derby Hartfort Meriden Norwalk West Hartford Willimantic This program was established to assist renters with Section 8 Vouchers to purchase a home, and free up subsidized housing units. The Connecticut Finance Authority Section 8 Voucher Program In New Haven CT is available to current renters in New Haven and the other 10 Connecticut towns listed above, that have a Section 8 Voucher, and can meet the requirements for a CHFA Mortgage.  These Section 8 renters also have to be approved by their local Public Housing Authority (PHA) that issued their Secti...
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Fairly simple and straight forward deal here.   Predictable FHA short sale, the 1st mortgage serviced by Webster bank and a small 2nd mortgage with CHFA serviced by the Connecticut housing investment fund (CHIF). We took a look at the comps, priced the property appropriately, and had a contract in 8 days. Webster bank was fantastic to work with.  Once I had the full short sale package in, an appraisal was immediately ordered and we had an approval letter in about 3.5 weeks!  CHIF, as usual was a model of efficiency and had an approval back in a matter of days.   The details:   Amount owed - $150,000   Sale price - $76,000   Closing costs allowed - $7,000   Net to lenders- $69,000   DEBT FORGIVEN - $81,000     Patrick Need to sell your home? Why settle for less than 5 stars? 2011 and 201...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
  ‎***UPDATE*** on Halloween ParadeThe East Shore Halloween Parade is moved to Monday (Halloween) night due to the predicted bad rainy, icy & windy weather for Saturday evening. So Saturday is cancelled.   East Shore-Morris Cove Halloween Parade Saturday October 29th     The annual East Shore-Morris Cove Halloween Parade will be held this year on Saturday October 29th from 6:00pm to 7:00pm. The parade is open to children in grades from Pre-K through 6th grade and will start at the Pardee Seawall on Townsend Avenue.       There will be a float competition and judging of best costumes in each group.  After the parade there will be doughnuts, cider and candy for all particpants.       For more information contact Claudia Bosch at claudia.morriscove@gmail.com Also please note that trick-or-...
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East Rock Homes For Sale-East Rock New Haven CT Real Esate Market Report September 2011Understanding the general direction of the currentconditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling an East Rock home.  There are currently 11 East Rock New Haven CT homes for sale.  They range in price from $490,000 for a 1947 sq. ft.  8 room, 4 bedroom Old Style home to an expansive 6930 sq. ft.  16 room, 9 bedroom, 5 bath Colonial listed for $2,250,000.For the month of September 2011 there were 3 East Rock homes sold with an average list price of $657,000, average sales price of $616,633 and an median sales price of $574,900.  The average days on the market for these East Rock homes was 95 days. Comparing this to S...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
New Haven CT Real Estate Market Statistics 2000-2011 It was an interesting exercise today reviewing the New Haven CT real estate market statistics and watching how the sales trends have changed over the past 10 years.   Back in 2000 the average list price was $136,174, the average sales price was $130,237 and the median sales price was $105,000.  When we reached the height of the market in 2006 the average sales price had gone up dramatically and was at a whopping $277,495.  The average sales price had gone up to $267,034 and the median sales price was $228,140. As the housing bubble burst the market started it spiral downward and by the end of 2010 the average list price had gone down to $219,572, the average sales price was $207,829 and the average median sales price was $165,000.  Sh...
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Discover East Rock New Haven CT-An Upscale & Historic Neighborhood     One of the most desirable and prestigious areas to live in New Haven is in the neighborhood of East Rock.  This upscale neighborhood gets its name from nearby East Rock a New Haven landmark known for its summit overlooking the city with spectacular panoramic views of New Haven and Long Island Sound.   The neighborhood of East Rock lies within three historic districts with the southerly parts of neighborhood listed in the Upper State Street Historic District and the Orange Street Historic District.  The western half lies within the Whitney Avenue Historic District. East Rock is known for its beautiful tree-lined street and architectural style of Queen Anne, Tudor and Victorian style homes but also offers a variety of...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
Yale Peabody Museum Of Natural History   One of the most memorable places to visit in New Haven is the Yale Peabody Museum of Natural History.  Filled with notable geological, biological and anthropological collections and its renowned Great Hall of Dinosaurs where among the many displays stands the fossil skeleton of a 65-foot Brontosaurus that roamed the earth some 150 million years ago and is the highlight of everyone's visit to the museum.     The Geat Hall is also home to the Pulitzer award winning 110 foot mural, a fresco secco painting by Rudolph F. Zallinger.  It took Zallinger 3 1/2 years to paint the mural which was finished in 1947.You can explore thw wonders of anthropology in the Hall of Native Americans, Fossil Fragments and Daily Life In Ancient Egypt.  You'll discover t...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
East Rock-Worthington Hooker School New Haven ConnecticutWorthington Hooker School serves students in the neighborhood of East Rock in two separate buildings.  The elementary school is for grades K-2 and the middle school is for grades 3-8.Named after Dr. Worthington Hooker a former professor and physician at yale University the original school built in 1900 is located at 180 Canner Street and is now home to students kingergarten through grade 2.  When it was not large enough to accomodate all nine grades, students in grades 3-8 were moved into the former Saint Stanislaus School on State Street.  After the completion of an 18 month renovation project on the main building in the spring of 2007 at a cost of $12.9 milliion plans were also underway to build a new building for the middle sch...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
East Rock Park-A New Haven Landmark  A favorite outdoor recreation destination and tourist spot for residents and visitors of the Greater New Haven area is East Rock which spans the towns of New Haven and Hamden.       The magnificent red basalt cliffs of East Rock were formed about 200 million years ago and at its highest point of 366 feet offers spectacular views of the City of New Haven, Mill River, Quinnipiac River, Long Island Sound and Long Island.      East Rock is the principal feature located within the 425 acre East Rock Park owned by the City Of New Haven and listed on the National Register of Historic Places in 1997.   The city manages the park and maintains a scenic seasonal, winding road where you can drive your automobile to the summit and is also accesible by foot or bic...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
Edgerton Park New Haven Connecticut       Edgerton Park is set on 22 acres on the New Haven-Hamden border and became part of the New Haven park system in 1965.  Originally owned by Eli Whitney he gave it to his niece who lived in a Victorian house on the estate called "Ivy Nook."   The property was sold to Frederick Brewster a New Haven Industrialist who demolished the "Ivy Nook" and built a Tudory style mansion.  Because of its location at the edge of town it was named "Edgerton."  The house was completed and the grounds redesigned as a wedding present to his wife Margaret in 1909.  In his will it was specified upon the death of his wife that the house be destroyed and the grounds given to the City of New Haven to be used as a park. The grounds of Edgerton Park are absolutely beautiful...
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New Haven CT Homes-New Haven CT Real Estate Market Report August 2011 Understanding the general direction of the current New Haven CT real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in New Haven. There are currently 240 New Haven CT homes for sale ranging in price from $24,900 to $2,250,000. In the month of August 2011there were 17 homes that closed which is a decrease of 9 homes as there were 26 homes that closed in August 2010. The average sales prices of the New Haven CT homes sold in August 20111 was $184,365 with an average 120 days on the market versus $309,800 for those sold in January 2009 with an average 81 days on the market. The higher average sales price for Augus...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
The Apple Store New Haven Opens This Weekend!   The rumors has been swirling around for months but it's official as of today!  In my inbox this morning was an email announcing the Grand Opening of The Apple Store New Haven at 10:00am on Saturuday September 24th.  This new Apple Store is located at 65 Broadway right in the heart of downtown New Haven and Yale campus. Up until now if you wanted to buy an iPhone, Mac, iPod or iPad you had to travel to one of the four other Apple stores in Connecticut located in the Westfarms Mall in Farmington,  Danbury Fair Mall, Stamford Town Center Mall or on Greenwich Avenue in Greenwich.  It's going to be a fantastic to now shop, attend free workshops or test drive the newest and coolest Apple products right here in New Haven and if you're one of the ...
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Morris Cove Homes For Sale-Morris Cove Real Estate Market Report August 2011 Understanding the general direction of the current Morris Cove real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Morris Cove. There are currently 36 Morris Cove homes for sale ranging in price from $129,900 to $599,000. In the month of August 2011 there were 2 homes that closed and is the same number of homes that closed in August 2010. The average sales prices of Morris Cove homes sold in August 2011 was $209,000 with an average 30 days on the market versus $183,500 for those sold in August 2010 with an average 126 days on the market. There are currently 6 homes under contract in Morris Cove rangin...
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  What Documents Will I Need To Provide For My New Haven Short Sale?   An important component of a short sale package are the documents that your lender will require.  One of most common question many sellers ask is what documents will I need to provide for my New Haven short sale?  While the list of documents may vary from lender to lender the following is a preliminary list of documents you will need to provide. 1.  Two months most recent mortgage statements (all mortgages) 2.  Two months checking account statements (all borrowers if separate) 3.  Two months savings account statements (all borrowers if separate) 4.  Two months other accounts statements (all borrowers if separate) 5.  Last two paycheck stubs (all borrowers) or if you are self-employed a copy of your  most recent profit...
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Is Someone You Care About "Upside Down" On Their Greater New Haven Mortgage?   For the past few years we've all been hearing the term "upside down" when it comes to homeowners who have lost equity in their homes and owe more on their homes than what the current market value will bear. This short video illustrates what it means for a homeowner to be upside down. If you or someone you care about is facing financial difficulty and feeling the stress of an unaffordable mortgage and owe more on your home that what it's worth please give me a call to discuss your options.  Even if you're facing the possibility of foreclosure it is not too late to try and sell your home as a short sale.  I can help you or someone you know create a strategy for living a life without the burden of missed payment...
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Bottling Works-Quinnipiac River Historic District-New Haven Connecticut     The Bottling Works located on Front Street in the Quinnipiac River Historic District in New Haven Connecticut is a converted historic bottling factory with 27 ranch and townhome units.      The exposed brick, soaring dramatic high-beamed ceilings, natural wood and large windows add a contemporary flair with many units directly overlooking the Quinnipiac River.  There also is open parking, a secured parking area and courtyard entrance. Enjoy the European style courtyard, a stroll along the mile-long Riverfront Promenade, gorgeous sunsets or watching the lobster and oyster boats as they travel down river. The Quinnipiac River Historic District is minutes away from Wooster Square, Yale University, the New Haven Gre...
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