Renee Zellweger Sells Country Home in Connecticut in for $1.6 million.
Renee Zellweger’s Country Home is in Pomfret Center in Connecticut.
Actress Renee Zellweger’s 1770 Connecticut farmhouse, at 96 Cotton Road in rural Pomfret Center, is on the market for $1.6 million. She renovated the stylish and luxurious country getaway in 2004.
Its 38 acres overlook the Quinebaug River. The 3,463-square-foot main house includes a top-of-the-line kitchen and a bread-oven-equipped family room.
The updated home has old-fashioned charm with exposed beams and architectural details. There is also a guesthouse, a “recreation barn” and a swimming pool.
Zellweger, who won an Academy Award for Best Supporting Actress for her role in “Cold Mountain,” broke out with her 1996 performance in “Jerry Maguire” and endeared herself to audiences in “Bridget Jones’s Diary” by wearing giant underpants.
Renee Zellweger bought the 1770 Colonial-Federal residence in 2004 for $1.3 million and extensively renovated it.
Lakeside Country Club in Houston Texas, A Remarkable Golf Course In Houston Texas.
Lakeside Country Club, a Country Club by invitation only in Houston Texas.
My recent driving trip on my way home from Alabama included a very special stop in Houston Texas. A good friend (I’d like to say now since I was invited to play his private country club) and client invited me to join his family and play golf at their Country Club Lakeside at 100 Wilcrest Drive in Houston Texas. I was really in for a treat as I did not have time to study up on this very “old world” exclusive course in the center of the city. Lakeside Country Club was founded in 1951 as a private club. The club has approximately 209 acres of golf designed by renowned golf architect Ralph Plummer in 1952 and then updated by golf architect Ron Prichard in 1990.
Lakeside Country Club has a colorful history dating back to 1861 when the State of Texas deeded this acreage and approximately 1,500 more to Christiana Williams for the sum of $2,000! Since then, the acreage has been subdivided, sold to others and around 1934 the clubhouse (which was the original mansion on the estate) was built. In 1946, the property was sold to Ralph Rupley, who became a charter member of the club. The charter of Lakeside Country Club was signed in November of 1951. Since then, horse stables, a bath house, swimming pool and a driving range has been added to create a family atmosphere.
I felt I played a round of golf on a piece of American History. Luckily I had a good round!
Ron Howard’s Home in Westchester County, New York Sells At $27 Million Dollars.
Ron Howards 17,000 square foot home in gated Conyers Farm sold in less than three weeks at the highest sales price in history for Westchester.
Ron and Cheryl Howard recently listed their family home where they raised their children and it sold just as fast as they listed it. The home is on 32 acres, with a 17,000 main house in Westchester County New York, in the gated area of Conyers Farm. It is a working farm sporting stables, sports barn, library, horse trails surround the property made it sell less than two weeks after they put it on the market. Ron Howard’s desire to raise their children outside of Hollywood confines and in a more “family atmosphere” shows in details throughout the house.
Not only did the house go for asking price, it went into contract about two weeks after it was listed. The new buyers have requested to be private concerning the purchase. The estate has hosted two family weddings and The Howards raised four children there.
Posted by Shannon Biszantz in Best Rental Markets in U.S., Biszantz Connection, Coldwell Banker, Economic Real Estate News, Educational for Buyers, Rental Market, Shannon Biszantz, Tips for Sellers and Buyers | 0 Comments
Best Rental Markets for Property Investments Based On RealtyTrac Reports.
Best Rental Markets Nationwide with the highest return on your money as rentals.
RealtyTrac’s Q2, 2014 Residential Property Rental Report, which ranked the best markets for buying residential rental properties along with the best markets for renting to baby boomers and the best markets for renting to Millennials, found that investors buying U.S. residential rental property in the second quarter of 2014 are getting an average annual return of 9.97 percent, down from an average annual return of 10.60 percent a year ago.
Top 25 overall markets for buying rental properties
RealtyTrac factored in unemployment rates along with annual gross rental yields to select the 25 best markets for buying residential property rentals. Counties in the top 25 all had unemployment rates of 4.5 percent or lower in April 2014 — well below the national average of 6.3 percent — and had an annual gross rental yield of 9 percent or higher.
The three best markets for buying residential property rentals were: Anderson County, S.C. in the Anderson metro area (15.33 percent annual gross rental yield); Woodbury County, Ia., in the Sioux City metro area (13.02 percent); and Pickens County, S.C., in the Greenville-Maudline-Easley metro area (13.00 percent).
Other metro areas with counties in the top 25 best markets for buying residential property rentals were Gainesville, Fla., Washington D.C., Columbia, S.C., Pittsburgh, Pa., Columbus, Ohio, Charleston, S.C. and Omaha, Neb.
“We have not had the apartment building development that we really need leading to a decreased supply in available rentals, which is causing rental rates to increase,” said Sheldon Detrick, CEO of Prudential Detrick/Alliance Realty, covering the Oklahoma City and Tulsa, Okla. markets, both of which had counties in the top 25 best markets for buying residential property rentals. “We are also noticing that the new qualified mortgage rules are restricting many first time home buyers from being able to qualify, which is adding to the demand for rental properties.”
Top-overall-markets-for-buying-rental-properties 25 markets for renting to baby boomers:
Annual gross rental yields for the top 25 baby boomer rental markets ranged from 5.50 percent in Placer County, Calif., in the Sacramento metro area up to 20.93 percent in Pasco County, Fla., in the Tampa Bay-St. Petersburg metro area. Pasco County was joined by 15 other Florida counties in 12 other Florida metro areas in the top 25.
Other metro areas with counties in the top 25 for renting to baby boomers were Lake Havasu City-Kingman, Ariz., Wilmington, N.C., Daphne-Fairhope-Foley, Ala., Prescott, Ariz., Asheville, N.C., Seaford, Del., Bend, Ore., and Hilton Head, S.C.
Las Vegas Has Less Cash Buyers in Housing Market in 4 Years.
Las Vegas has less cash buyers while home prices rise.
Las Vegas Association of Realtors (GLVAR), local Las Vegas say home prices continued to climb in June while the percentage of buyers paying cash fell to its lowest point in four years.
GLVAR reported the median price of existing single-family homes sold in Southern Nevada during June was $199,900, up 2.5 percent from $195,000 in May and up 14.2 percent from June of 2013. That’s the highest median home price GLVAR has reported since September of 2008. The median price of existing condominiums and townhomes sold in June was $109,000, up 6.9 percent from $102,000 in May and up 26.7 percent from one year ago.
“Our GLVAR median home price is almost back to $200,000, which is encouraging,” said GLVAR President Heidi Kasama. “While real estate investors have played a key role in helping our housing market recover in recent years, it’s also good to see more traditional buyers entering the market. The percentage of local home buyers paying with cash is now under 35 percent. It hasn’t been that low since July of 2009.”
Putting these prices into perspective, Kasama said existing local home prices are still well below their June 2006 peak of $315,000. Prices bottomed out at a median of $118,000 in January 2012 before rising for a record 19 straight months until September 2013, then increasing more gradually since then.
Fewer existing homes were sold in June than during May, according to GLVAR. Kasama said local home sales so far in 2014 are running about 13 percent behind last year’s sales pace. At the current sales pace, she said Southern Nevada has less than a three-month supply of available homes. But compared to one year ago, she said Southern Nevada has almost twice as many homes available for sale without pending or contingent offers on them.
Since 2013, GLVAR has reported fewer distressed sales and more traditional home sales, where lenders are not controlling the transaction. However, in June, GLVAR tracked an uptick in short sales – which occur when lenders allow borrowers to sell a home for less than what they owe on the mortgage. In June, 10.8 percent of all existing local home sales were short sales. That’s up from 7.9 percent in May. Another 10.1 percent of all June sales were bank-owned properties, up from 9.1 percent in May.
According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in June was 3,274, down from 3,450 in May and down from 3,642 one year ago.