What's It Worth?
Ask someone the current value of their home and they'll most likely use their phone to come up with a value based on what comes up on one of the popular real estate websites.
The information you get this way is known as an Automated Valuation Model - or AVM. Using algorithms to identify and compare information such as comparable sales, property characteristics, and local/regional pricing, computer programs come up with an estimate of a property's worth. Because AVMs are quick and easy, agents say clients ask about using AVM information when setting an asking price, submitting an offer or submitting information to financial lenders.
AVM estimates are easy to access and a good starting point for casual research into gaining a general understanding of a property. Their value pretty much ends there which is why lenders rarely accept an AVM as a true depiction of a property's value and require an appraiser to make that determination.
One of the most significant differences between AVM's and appraisals might be the quality and quantity of the data obtained. Remember the old adage; garbage in = garbage out? AVM's azalyze data using complex models but the data they are analyzing may not always be complete or up to date. Appraisers are required to be licensed to provide appraisals to federally regulated lenders. They are highly trained individuals who understand current real estate market conditions in your area. An AVM could be considered the starting point. An appraisal happens after an offer has been accepted and it's one of the final steps in the process.
A lot of money changes hands in the home buying and selling process and there are a lot of steps to consider. If you're throwing you hat in the rink, we suggest you work with a qualified real estate professional- like those you'll find in this month's issue. They'll explain the process and use up-to-date resources to determine an accurate home value and help you get the best deal.
DoesX ...homeowners insurance cover swimming pools?
Summer is the time for getting the most out of your swimming pool. Take a minute to review your homeowner's insurance to make sure you're fully covered if you have a pool. Here are four things to think about when reviewing your insurance:
1. The basics: Many homeowners policies provide minimal or no liability coverage for swimming pools. Talk to your insurer or agent about the right amount of coverage for your pool.
Property coverage for damage to pools varies with different policies:
• If your policy makes the pool part of the home, make sure the value of the pool is included in the replacement value of the home.
• If your policy lists the pool as a separate structure, there may be limits on how much your homeowner's policy will cover.
• If you have an above-ground pool, it is likely covered as personal property. Limits on this type of coverage are tied to the replacement value of the home.
2. Enclosures: Many insurers – and city ordinances – require pools to be enclosed by a fence and locking gate.
3. Diving boards and slides: A diving board or slide may be tempting, but be aware that your insurer may not provide liability coverage for a pool with those features.
4. Maintenance and landscaping: Some insurers will not renew coverage for a pool that hasn’t been properly maintained. Also, coverage for trees, shrubs, plants and lawns can be limited. If you put in decks or landscaping around the pool, consider including its value in your policy, too.
Talk to your insurance company or agent if you have questions or need to discuss increasing your coverage.
( tdi.texas.gov/tips/swimming-pools)
Fixed-rate vs Adjustable-Rate Mortgage (ARM) Loan Understanding The Difference
With a fixed-rate mortgage, the interest rate is set when you take out the loan and will not change. With an adjustable-rate mortgage, the interest rate may go up or down.
Many ARMs will start at a lower interest rate than fixed-rate mortgages. This initial rate may stay the same for months, one year, or a few years. When this introductory period is over, your interest rate will change on a regular interval, and the amount of your payment is likely to go up.
Part of the interest rate you pay will be tied to a broader measure of interest rates, called an index. Your payment goes up when this index of interest rates increases. When interest rates decline, sometimes your payment may go down, but that is not true for all ARMs. Some ARMs set a cap on how high your interest rate can increase at any time or over the life of the loan. Some ARMs also limit how much your interest rate may decrease at any time or over the life of the loan. The caps may be different for the initial change versus the subsequent regular
interval changes. Your actual rate and the time of change will be based on the new index plus a set margin, subject to any caps. The margin is a number of percentage points added to the index by the lender that sets your interest rate.
Know how your ARM adjusts. Before taking out an adjustable-rate mortgage, find out:
• How high or low your interest rate and monthly payments can go with each adjustment
• How frequently your interest rate will adjust
• How soon your payment could go up
• If there is a cap on how high your interest rate could go
• If there is a limit on how low your interest rate could go
• If you will still be able to afford the loan if the rate and payment go up to the maximums allowed under the loan contract
( consumerfinance.gov)
Costly Clutter
The Real Cost of Clutter, a comprehensive study quantifies the actual real estate value Americans surrender to unused possessions and documents how clutter creates a cascade of hidden costs affecting both finances and well-being.
Based on a survey of 1,000 Americans, the report reveals that 21% dedicate over 500 square feet –roughly the size of a small apartment – purely to storage, effectively paying $113,500 in real estate value to house their belongings.
Over half of Americans (54%) sacrifice between 100-500 square feet to house possessions they rarely use. 31% of respondents report their garages are at least half-filled with clutter, while 9% cannot park in their garages at all.
Nearly one in six homeowners (16%) have delayed or avoided selling their homes because of the overwhelming task of decluttering. Nearly threequarters (74%) of Americans report experiencing stress or anxiety when confronted with cluttered areas, with 23% describing this stress as significant or extreme.
56% purchase storage and organizational solutions at least once per year, with 29% spending up to $750 annually on bins, shelves, and organizers.
( https://info.storable.com/the-cost-of-clutter)
AN EXPERT
WFred Macchia, CCIM Commercial Consultant
hen seeking commercial-investment real estate counseling, the person to turn to is the Certified Commercial Investment Member. This professional will help you achieve your investment or commercial real estate goals. CCIMs bring a full-time commitment to the field of commercial-investment real estate.
They recognize the value of working closely with the client’s entire team of professional advisors. As a specialist, a Certified Commercial Investment Member is fully trained and properly qualified to work with attorneys, accountants, developers, bankers, appraisers, and architects. With the CCIM, these professionals will assist in meeting the client’s real estate investment goals.
Amodio Realty, Inc. Pays it Forward by Giving Back
Real Estate Rebate Program Honors Local Heroes
BY RICHARD BARRETT Aug. 2018
Amodio Realty Inc., located in the Town of Lee, wanted to show its appreciation to the military, law enforcement, firefighters, first responders, health care professionals, and teachers for their service to country and community, but wanted to do it in a way that went beyond mere words.
So the small family real estate agency, staffed by Stephen Amodio (Broker/Owner), his wife Betsy (President/Owner), and their daughter, Lucciana, decided to do something extraordinary with their business after learning about Heroes Home Advantage and a courageous woman named Michele Ladd, its founder.
Stephen Amodio, a former Marine whose own family includes many community heroes, heard about Ladd’s noble mission of honoring hometown heroes by offering discounts and rebates on real estate services, and he wanted to get on board. He did his due diligence first, spending nine months researching and speaking with other realtors nationwide who were already participating.
Amodio Realty, Inc. joined the Heroes Home Advantage program in January of 2017 and is currently working with about a half dozen heroes. He has closed on several properties already, but explained that it’s not about being pressured to obtain listings, move properties and meet sales quotas. It’s about giving back. He discovered through census tract records that in the tri-county area he exclusively serves, these categories of community heroes when
combined comprise 50% of their total population.
As of August 2024, Amodio Realty, Inc. now serves 8 counties: Oneida, Herkimer, Madison, Jefferson, Lewis, Oswego, St. Lawrence and Hamilton!
“We can never repay our heroes for their service, but we can honor them with a small token of our appreciation,” Amodio said. “We are looking for opportunities to honor local community heroes. That is our goal.”
Amodio Realty gives 25% of earned commission directly to the hero, (up to $5000 per transaction), when we close on the sale and/or purchase of their residential or commercial property.
“It’s a small gesture in comparison to the their daily sacrifices and service to our community and country,” he said.
He also works closely with a comprehensive, likeminded network of community partners who offer additional rebates and discounts on their related
products and services. The savings to heroes when all is said and done can be thousands of dollars. As word of mouth about the program spreads, Amodio envisions adding a half-dozen sales staff and expanding his cadre of committed community business partners even further. He graciously welcomes those who respect the program’s mission and embrace its spirit of honoring community heroes for their contributions.
“We’re hungry for more hero partners,” he said. “The door is wide open to virtually any business, but we discourage people from using the program to leverage their business and not follow through on their promises.” There are no fees involved, no catches, and no restrictions on how Amodio’s rebate can be used. The program is open to all qualified active, retired and volunteer heroes, both buyers and sellers, including first-time home buyers.
Amodio can’t hide his enthusiasm for the program and the people it serves.
“We’re enjoying doing this,” he admitted. “We always get a great reception.”
Heroes Home Advantage has representation in 40 states. For more information, visit AmodioRealty.com or HeroesHomeAdvantage.com
Article written by Richard Barrett Editor, Accent Magazine Reprinted and edited with permission Special Thanks to Jason Gulla with Gulla Graphics
Introducing your private oasis! Experience luxury in this exquisite custom-built colonial home, nestled on over 10 acres of stunning grounds. With 6900 +/- square feet of thoughtfully designed living space across three levels, perfect for both relaxation and entertaining. Step into the first floor, where an expansive open floor plan invites you to mingle with friends and family in the spacious living room, cozy family room, sunroom, or one of the multiple dining areas. For additional entertainment options, the walkout lower level is a true gem, featuring a secondary kitchen, a bar, and another family room complete with a fireplace, ideal for hosting guests or accommodating in-laws with its fully functional suite setup. On the second floor, you’ll find a luxurious primary bedroom suite alongside two
generously sized bedrooms that share an additional bathroom. A serene si ing area at the top of the stairs opens up to a balcony, offering breathtaking views of the lush surroundings. Unwind by the sparkling pool or gather with friends in the pool house /pavilion, which is equipped with electricity and cable for endless entertainment options. Additionally, a barn provides a 2-car garage and a 2-stall horse barn, perfect for equestrian enthusiasts. Enjoy the orchard filled with various fruit trees throughout the property, enhancing the charm of this magnificent estate. This home combines exceptional amenities with elegant living—truly a dream come true. Don’t miss the opportunity to make it yours!
We are Family Owned and Specialize in Listing and Selling Vacant Land, Camps, and Residential and Commercial Properties of All Sizes!
Escape to your dream log cabin nestled in the heart of Herkimer County’s serene, wooded landscape. This meticulously maintained 3-bedroom, 2-bath residence offers the perfect blend of rustic charm and modern convenience. Enjoy year-round comfort with a forced air propane furnace, backed by coal and electric baseboard heating.
The attached 2-stall garage provides easy access to both the basement and main living areas. Low county taxes and tranquil rural living are yours, just 30 minutes from Utica. Embrace outdoor adventure with nearby snowmobile trails and the Hinckley Reservoir for boating and skiing. A charming gazebo and children’s playground create an idyllic family oasis.
Optional private community lake access offers kayaking, swimming, and fishing, just 8 minutes from the Hinckley boat launch. With a whole-house propane generator and central air conditioning, this retreat combines comfort and natural beauty. Don’t miss the chance to make this peaceful sanctuary your forever home.
Escape to Your Dream Cottage on the Black River! 9237 Hawkinsville Road, Boonville • $474,900
Discover year-round living in this charming 2-bedroom, 1-bathroom cottage nestled on 1.7 picturesque acres along the stunning Black River near Boonville, NY. Enjoy endless summer days wading into the river to swim or fish for trout in several natural pools. With 1,080 sq ft of beautifully designed living space, the open concept living room and kitchen boast vaulted ceilings and gorgeous wood accents.
Cozy up by the propane-fired fieldstone fireplace or relax on the back deck while the soothing sounds of the river flow by. This cottage is well-equipped with modern amenities, including a newly renovated bathroom, insulated water lines, and a new roof. Plus, with RV hookups and a drilled well, your adventures can extend beyond the cottage!
The property features over 640 ft of river frontage and stunning swimming holes for those hot summer days. Located just minutes from Woodgate Pines Golf Course and nearby snowmobile trails, this location is perfect for outdoor enthusiasts. All furnishings can stay for a negotiable price. Pack your bags and move right in! Call today to schedule a showing and experience the best of Adirondack living in this beautifully crafted cottage!
This splendid property offers a host of features to enhance your lifestyle. 3 Bedrooms, 2 Bathrooms, attached garage, overlooking the tranquil brook. Separate workshop with in-ground pool in back. The master bedroom is a retreat in itself, featuring an en-suite bathroom. Enjoy peaceful moments on the enclosed balcony attached to the master bedroom. Relax and unwind in the spa tub, a luxurious touch to the master en-suite.
Cozy up by the fireplace in the spacious living room. Finished room in basement was previously used as a game room. This versatile space could be converted into a 4th bedroom. Includes a washer, dryer, and freezer in the basement for added convenience. Central Air and water conditioner throughout the home. Hot Water on Demand is efficient and convenient.
The property also features a separate workshop/garage and an inviting in-ground pool, perfect for summer gatherings. Great location with easy commutes to Rome and Utica. Convenient access to SUNY Poly and WalMart Distribution Center. Close to local amenities and attractions. Easy access to major highways for convenient travel This home offers a perfect blend of tranquility, modern conveniences, and accessibility. If you are looking for a home that provides a peaceful escape without sacrificing convenience, this is the one for you!
11 Wood Dale Road Whitesboro, New York
$449,900
4 Bedroom | 3 Baths | 2,490 sq. ft.
Located on a cul-de-sac and just a quick walk away from Harts Hill Elementary, this 2500+/-foot home has so many wonderful features.
Beautiful exotic hardwood floors, large eat-in kitchen with stainless steel appliances, large island. An inviting screen porch with teak flooring & ceiling fan is the perfect place for dining or relaxing.
The large great room features a beautiful fireplace with wood-burning insert. Great flow on the ground level leads to the wonderful second floor.
The beautiful primary bedroom with en-suite is furnished with dramatic onyx tile and double vanity. Convenient second- floor laundry. You’ll love the extras like a five-year-old roof, walk-in cedar closet in the basement, oversized driveway and garage. The property was recently connected to public water as well.
To schedule your private viewing, contact John Brown at 315-570-6640
Asking $349,000 • Reduced Price
Turn-Key & Profitable Seasonal Business Opportunity
Inside Scoop • 9005 State Route 365, Floyd NY
Immaculate, established ice cream parlor & mini golf course located on just under 4 acres on high visibility Route 365 in Floyd Strategically located on the popular main route to the Adirondacks, 1.5 miles from schools and 800 ft. from Dollar General. Currently run as a seasonal business. New owner could easily make this a profitable year-round business.
Natural gas, city water, low taxes. Fully equipped with everything needed to successfully operate this established, popular community gathering place.
• Black top parking lot for 25-30 cars w/ curbing
• Attached crushed stone parking lot for RVs/Trucks
• 8 x 10 outdoor storage shed
• 24 x 32 pillion w/ commercial round tables, electric & lighting
• 2 side patio w/ tables and chairs
• 24 x 32 covered patio addition w/ electric, concrete
• New 100 amp sub amp panel. Potential to enclose.
• 18 hole mini golf w/ 10 x 16 building
full electric, A/C, power, cash register, slushy machine, popcorn, huge assortment of clubs/balls.
• Beverage/ flurry station
• Assorted stainless commercial tables
• 3 bay stainless sink, sundae bar, refrigerator
• 2 C-712 Taylor ice cream machines
• Double head milkshake machine
• Pepsi fountain head machine w/ice station
• 2 Hershey 24 unit ice cream freezers
• 24 flavor ice cream machine
• New programable cash register
• POS system in tact
• Security system, 8 cameras, full DVR
• 2 lg. commercial fryers with built-in timers
• 4 foot flat top grill
• 6 foot sandwich prep table, new
• Assorted freezers and coolers
Plenty of space for extra events including band nights w/ chicken BBQ, Friday movie nights, kid’s day, classic car shows and more.
** Attention Realtors - Buyer Protected ** Owner also willing to train, if desired.
Creative Commercial Financing Available! Seller’s Financing Options. Contact us today!
MLS DIRECTORY
Gina Hartman
Licensed R.E. Salesperson 315-717-5249 ginahartman55@yahoo.com
Bruce Ward & Co, Inc.
Amy Abdoo
Lic. R. E. Broker
315-794-2653
BLON316@AOL.com
Dominion Homes Real Estate Brokerage
Pamela Allen
Lic. R.E. Salesperson
315-717-7530
pfallen0314@gmail.com
Bruce Ward & Company, Inc.
Clyde Diedrich
Lic. R.E. Broker
315-868-4339
rcentur3@twcny.rr.com
Diedrich Associates Valley Realty
David Drapalski
Lic. R.E. Assoc Broker 315-868-3233
superdd527@aol.com
Bruce Ward & Company, Inc.
Janet L. Giacovelli
Lic. R.E. Salesperson 315-404-7108
janetgiacovelli@howardhanna.com
Howard Hanna Utica/New Hartford
Azza Giorgi
Lic. Assoc. RE Broker 315- 534-2709 azzagiorgi@gmail.com
Howard Hanna CNY IncUtica/New Hartford Office, NY
Patricia Kelly
Lic. R.E. Salesperson 315-717-2421 bward@brucewardusa.com
Bruce Ward & Company, Inc.
Thomas F. Koehler
Lic. R. E. Broker/Modular Home Dealer 315-891-3254
Koehler RE/ New Homes Modular
Fred Macchia
Lic. R. E. Broker 315-292-0373 fmccim@hotmail.com 1st Rome Realty
Bill Macri
Lic. Associate R. E. Broker 315-360-1920
bill.joemacrirealty@gmail.com
Joe Macri Realty
John Macri
Lic. R. E. Salesperson 315-866-2521 jmacri40@yahoo.com
Joe Macri Realty
Monica Munford
Lic. R.E. Salesperson 315-822-6666
pmumford@twcny.rr.com
Bruce Ward & Company, Inc.
Robert Paul Lic. R.E. Salesperson 315-717-3527
rpaul07@yahoo.com
Bruce Ward & Company, Inc.
Paul Sacco Lic. RE Salesperson (315) 525-1377
paulsacco1013@gmail.com
Howard Hanna Utica/ New Hartford
Joel Siegfried Lic. R. E. Broker 315-796-2258
joelsiegfried@gmail.com SBG, Inc.
Carol Spisak
Lic. R.E. Salesperson 315-269-6933
carol1320@aol.com
Bruce Ward & Company, Inc.
Michelle Gorea Thompson
Lic. R. E. Salesperson 315-794-3260
saratogaunion@aol.com Coldwell Banker Faith Properties - John Brown Tream
K Bruce Ward Lic. R.E. Broker 315-796-4425
bward@brucewardusa.com
Bruce Ward & Company, Inc.
James F Woodrick
Lic. Associate R. E. Broker 315-866-0258 jwoodric@twcny.rr.com
Bruce Ward & Company, Inc.
LifeandHomes Product & Service Directory
Antiques/Estates
THE POTTING SHED ANTIQUES
315-736-5214
Estate & house sales, appraisals, coins, vintage jewelry, antiques, glass, china, furniture, Americana, art, lighting and more. thepottingshedantiques.com
Cabinets
CABINET AMERICA
315-733-6261
Kitchen cabinets and Stone countertops. Exceptional quality and great prices. Fast estimates. Over 50 years experience. By appointment only. cabinetamerica.net
Farm & Garden
BENSON'S FARM AND GARDEN
315-520-8395
Member Since 12/21
located in Whitesboro, NY has been a family run greenhouse since 1977. We serve the Utica-Rome area offering a wide selection of annuals, vegetables, perennials, and hanging baskets as well as everything you need to build and maintain your pond.
Flooring
PROTECT NY INSURANCE AGENCY
315-795-4900
Garage Doors
NORTHERN GARAGE DOOR SERVICES COMPANY, INC.
315-831-8624 or C: 315-368-7712
Garage door Installation, Repair, Service Professional, Dependable, Courteous Service. Joe Griswold, Owner
Home Inspection
ADVANCED HOME INSPECTION SERVICE, LLC
315-792-9029
Member Since 04/13
27 years experience. NYS Licensed/Certified Inspector. NEHA/NRPP Certified Radon Inspector. Electronic Inspection Report Emailed Same Day. www.advancedhomeis.com
315-865-5845
Homeowners, Automobile, Business, Landlord Insurance. Jordan Roorda, Principal Agent. www.ProtectNY.com
Serving the Oneida, Herkimer & Madison counties, we have a simplified and centralized database of area listings to help you promote your new listings and buyer needs to cooperating agents and brokers, plus off-market, solds and historic info.
Painting
URBANIK’S PAINT CO.
315-724-5129
315-336-0400
Member Since 07/15
Largest selection of paint and wallcovering in Central NY. Rentals: floor sanders, polishers, airless sprayers, power washers, edgers. 1420 Oriskany St. Utica
Custom Built A-Frame Offering Charm and Sophistication
562 Travis Rd, Jordanville $334,900
Welcome to this stunning rustic custom-built home, a true sanctuary offering the perfect blend of charm and sophistication. This exquisite 4-bedroom, 2-bath residence is set on 2 acres, showcasing breathtaking views from every angle.
As you enter, you’ll be captivated by the spacious bright living room that leads onto a large deck with breathtaking views and serene sunsets. Overlooking the living room is a loft that can serve for many purposes such as an office, den, or an additional bedroom.
The heart of the home is the beautiful kitchen, boasting custom cabinets and countertops, complemented by elegant hardwood floors that flow throughout. The main level also includes one bedroom and one full bathroom. There is a thoughtfully designed custom addition that serves as a dining room/family room combo, equipped with a gas fireplace, perfect for gatherings.
As part of the addition there are three additional inviting bedrooms, one of which is a master bedroom with a full bathroom and laundry room. Ascend the open stairway to find two large bedrooms upstairs, adorned with brand new carpet, creating a warm and inviting atmosphere.
Two stall detached garage, perfect and convenient for your outdoor storage needs. Equestrian enthusiasts will appreciate the 18 x 24 horse barn, equipped with electric and water, ready to accommodate your equestrian needs.
This remarkable property is a true retreat, offering stunning vistas and a slice of paradise. Don’t miss the chance to make this elegant home your own! 4 Bedrooms | 2 Baths | 2,310 Sq. Ft. With over 40 years of experience in the Mohawk Valley, let Joe Macri Realty lead the way for you and your family!
