Nelly Lopez - New Rochelle Co-Op's - June 2018

Real Estate Market Report | June 2018

RE/MAX Distinguished Homes & Properties 52 Pondfield Road W Bronxville, NY 10708 | 914.346.8255

Distinguished Homes & Properties

Each Office Independently Owned and Operated.

Nelly Lopez REALTOR®

New Rochelle Co-Ops

917.859.1414 NellyLopez@remax.net www.NellyLopezHomes.com www.NewRochelleLiving.com Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018

Visit www.NewRochelleLiving.com for current market activity, community information, and more.

WAITING CAN COST! HOW DOES WAITING AFFECT THE SALE OF YOUR HOME AS INTEREST RATES RISE? Housing agencies predict that interest rates could reach new highs by the end of 2018, increasing the overall cost to purchase, thus greatly reducing the number of qualified buyers!

IF INTEREST RATES RISE FROM 4.44% TO 5.1%...

LOAN AMOUNT

INCREASED COST

$250,000

$35,841

$500,000

$71,682

$750,000

$107,522

$1,000,000

$143,364

www.NewRochelleLiving.com Presented by Nelly Lopez Your New Rochelle Co-Ops Real Estate Specialist

Prepared Especially for Friends and Neighbors Friends and Neighbors, Call 917.859.1414 to learn how my marketing will attract qualified buyers and allow you to purchase your next home before interest rates increase!

Interest Rate as of March 15th, 2018 was 4.44%, Freddie Mac predicts a 5.1% interest rate by the end of 2019.

Distinguished Homes & Properties

New Rochelle Co-Ops | Market Report

Nelly Lopez REALTOR®

Friends and Neighbors, If you want to keep up with your home’s value, contact me today at 917.859.1414 to receive your quarterly market snapshot.

Distinguished Homes & Properties

917.859.1414 NellyLopez@remax.net www.NellyLopexHomes.com www.NewRochelleLiving.com

Visit www.NewRochelleLiving.com for current market activity, community information, and more.

With Interest Rates Increasing,

Do You Know the Value of Your Home?

New Rochelle Co-Ops on Palmer Avenue Currently Listed Status Active Active Active Active Active Active Active Active

Bedrooms 0 0 1 1 1 1 1 1

Bathrooms 1 1 1 1 1 1 1 1

Est. Square Feet* 500 500 800 700 800 800 800 800

List Price** $90,000 $116,000 $120,000 $128,000 $130,000 $139,000 $170,000 $175,000

New Rochelle Co-Ops on Palmer Avenue Currently Pending There are currently 9 homes pending in New Rochelle Co-Op Homes.

For more information on these homes, call Nelly today at 917.859.1414.

New Rochelle Co-Ops on Palmer Avenue Sold in the Last 60 Days

To Receive Your Assessment, Visit:

www.NewRochelleLiving.com This comprehensive assessment of your home’s value is provided to you as a complimentary service by Nelly, your New Rochelle Co-Op Real Estate Specialist.

Status Sold Sold Sold Sold

Address 2241 Palmer Avenue Unit 3P 2221 Palmer Avenue Unit 4E 2261 Palmer Avenue Unit 1A 2261 Palmer Avenue Unit 2A

Bedrooms 2 2 1 1

Est. Sq. Ft.* 1,000 1,200 800 800

List Price** $195,000 $235,000 $139,000 $125,000

Sold Price $190,000 $227,000 $139,000 $107,000

Sold Date 05/08/18 04/24/18 04/17/18 04/03/18

Nelly Lopez and RE/MAX Distinguished Homes & Properties are not in any way affiliated with New Rochelle Co-Op Home Owners Associations, nor is this in any way an official advertisement or publication of New Rochelle Co-Op Homes. ©2018 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the HGMLS for April 1st, 2017 through May 21st, 2018. Listings and sales may not be those of RE/MAX Distinguished Homes & Properties. The National Association of Realtors® and HGMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates numbers that have been rounded to the nearest 100. **Indicates numbers that have been rounded to the nearest 1,000.

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Coming Soon within New Rochelle Co-Ops

by Nelly Lopez

1 Bedroom 1 Bathroom 750 Est. Sq. Ft.

Your home’s value will be based on several key factors: • New Rochelle Co-Op sales for the past six months

For more information, call Nelly today at 917.859.1414!

• Square footage and lot size • Location and school information • Special features that differentiate your home from others

Friends and Neighbors, If you would like to keep up with the value of your home, contact Nelly today at 917.859.1414 to receive your quarterly market snapshot.

Bathrooms 1 2 1 1

Roberto S. Jimenez Mortgage Development Officer Cell: 718.877.3526 NMLS# 597955 200 Park Avenue Suite 100 Florham Park, NJ 07932