Fixer-Upper With a Premium Pedigree: Eleanor Roosevelt’s Childhood Home for Sale

A historic home where Eleanor Roosevelt, wife of President Franklin D. Roosevelt, spent a lot of her childhood is on the market. Although the exterior emits plenty of historic vibes, the home is a real fixer-upper.

“The current interior is unfinished, and needs to be finished by the buyers,” says the listing agent, Paul Hallenbeck.

The agent has high hopes for an enterprising buyer willing to take on this well-pedigreed property.

“It’s going to be incredibly grand,” he says. “I want to go back to the house when it is finished.”

It may not be complete, but that doesn’t mean that this prime piece of property on the Hudson River will come cheap. The 10,000-square-foot Second Empire-style home in Germantown, NY, is listed for $5.25 million.

Known as Oak Terrace, Eleanor Roosevelt’s grandparents built the home in 1865.

“It was their summer house when they lived in New York City. Due to tragedies in her family, she eventually ended up living with [her grandparents] and spent summers there with them. Her bedroom is identified, so you can visit it,” Hallenbeck explains.

Roosevelt’s memoirs say she spent time reading books under the shade of the trees on the estate.

The location and setting is hard to top—for reading or whatever leisure pursuit you choose.

“It’s directly on the Hudson River, with views of the river and the Catskill Mountains beyond. It’s 25 acres and has total privacy there,” Hallenbeck says.

Exterior
Exterior

Stephen Hallenbeck

Exterior
Exterior

Stephen Hallenbeck

Views
Views

Stephen Hallenbeck

Exterior
Exterior

Stephen Hallenbeck

Interior
Interior

Stephen Hallenbeck

Veranda
Veranda

Stephen Hallenbeck

Veranda
Veranda

Stephen Hallenbeck

Veranda
Veranda

Stephen Hallenbeck

Those gorgeous views are visible from a wraparound veranda accessible from a number of spots in the house.

Inside, there are 18 rooms highlighted by a 700-square-foot great room with dramatic 16-foot ceilings. A grand staircase goes up 36 feet and is topped by a spectacular coved ceiling with skylights.

Each of the six bedrooms in the four-story house comes an attached bathroom, including what Hallenbeck says will be a marvelous master suite.

Staircase
Staircase

Stephen Hallenbeck

Interior
Interior

Stephen Hallenbeck

Ceiling
Ceiling

Stephen Hallenbeck

Ceiling
Ceiling

Stephen Hallenbeck

Van Lamprou, a co-founder of Dolce Vita footwear, is the home’s current owner. He bought the home in 2013, for $2.85 million.

In the years since, he has poured lots of money into unglamorous but necessary elements to bring the home into the 21st century.

“The current owner has done an enormous amount of work,” Hallenbeck says. “He has redone the roof, drilled a new well, put in a new septic, installed modern heat and AC in the house, redone the fireplaces, and completely reinsulated the house.”

In addition to that infrastructure work, the home’s entire electrical and plumbing systems are also new.

Mechanicals
Mechanicals

Stephen Hallenbeck

Fireplace
Fireplace

Stephen Hallenbeck

Interior
Interior

Stephen Hallenbeck

Now that the crucial systems are in place, the next step is to finish off the interior.

“The owner decided to move ahead with other projects, instead of finishing the interior—which I think is probably a very good idea when you have a house like this,” Hallenbeck explains.

It will allow any buyers to customize to their personal taste the decor, finishes, and layout.

Hallenbeck estimates that the project will cost at least a million dollars.

“We’ve had quite a few people come with their architects and designers, trying to figure out how to finish it in the right way for them,” he says.

Interior
Interior

Stephen Hallenbeck

Interior
Interior

Stephen Hallenbeck

The perfect buyer is likely to be a family looking for a private weekend retreat, he says.

“When you’re outside here, you see the river and the Catskill Mountains beyond, and if you’re lucky, you see a boat or two on the river,” he adds. “But what you hear is nature, the wind. You don’t hear motorcycles or traffic. There are very few places like that.”

Interior
Interior

Stephen Hallenbeck

Source: realtor.com

How To Get The Most Out Of Your Auto Insurance Coverage

  • Car Insurance

Recent data suggests that the average driver will spend close to $100,000 on car insurance over their lifetime. That’s a staggering sum of money, especially when you consider estimates that suggest Americans will pay over $500,000 in that time just to own, operate, and maintain a car.

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$100,000 is a lot of money to spend on something that you may never benefit from, something that you’re only buying because your state authorities told you too. But while car insurance policies are essential, the amount that the average consumer spends on them is not.

In this guide, we’ll look at the ways you can save money on auto insurance premiums and get the most value out of this necessary expense.

Build Your Credit Report

Never underestimate the value of a high credit score and a clean credit report. Not only can it help when applying for a car loan, increasing the value of the car you can purchase and decreasing the interest rates you’re charged, but it will also reduce your car insurance rates.

There is no easy and quick way to turn a bad credit report into a good credit report, but there are a few simple changes you can make that could increase your score enough to make a difference. These include:

  • Stop applying for new lines of credit.
  • Become an authorized user on a respectable user’s credit card.
  • Increase credit limits on your active credit cards.
  • Pay off as much debt as you can, focusing on credit cards and personal loans first.
  • Don’t close your credit card accounts after clearing them.

If you don’t have any credit at all, which is true for many teen drivers getting behind the wheel for the first time, try the following options:

  • Credit builder loans
  • Secured credit cards
  • Lending circles

Choose Your Car Carefully

A new car is a great way to get a high-tech, customized vehicle, but it’s not ideal if you’re looking to save on insurance costs.

New vehicles cost more to insure because they are a greater liability, with more expensive parts and greater overall value. If you want to save on your auto insurance coverage, look for a car that is at least a few years old, has a number of safety features and a high safety rating.

The cheaper, the better, but only to a point. You want something that won’t leave you in complete financial ruin if it’s wrecked in a car accident and you don’t have the insurance to cover it, but something that won’t breakdown every few miles and leave you stranded and broke every other week.

Drive Safely and Prove Your Worth

Your driving record is just as important as your credit report, if not more so. The more at-fault accidents, traffic tickets, and insurance claims you have, the higher your car insurance rates will be.

A single conviction won’t last forever and the impact will eventually dissipate, so even if you have a few blemishes on your record now, just keep driving safely and you’ll be able to reap the benefits before long.

It takes time to prove your worth to insurance companies, but there are a few things you can do to expedite this process. The first is to take a defensive driving course. In some states and for some demographics (mostly seniors and young drivers), you’ll be offered a discount for completing one of these courses.

The next step is to consider a usage-based program. These are offered by most major insurance companies and can track your driving habits to determine what kind of driver you are. If you’re driving safe and doing very low mileage, you could start seeing some noticeable changes in just a few months. The majority of providers will even give you a discount just for signing up.

Pay Everything Upfront

Most policyholders pay their premiums monthly and it may seem like that’s the best thing to do. $100 a month seems infinitely more manageable than $1,200 a year. 

It is an attitude that many people have, and it’s one that often leads to debt and poor decisions.

Millions of Americans have credit card debt because a $200 monthly payment seems more achievable than a $5,000 payoff, even though the former carries a phenomenal interest rate. It’s also why countless first-time buyers rush into getting mortgages with small down payments and high-interest rates, even though doing so could mean they are paying twice as much money over the term.

Whenever you can benefit from making an upfront payment, do it. This is true for your loan debt and credit card debt, and it’s also true for your car insurance premiums.

Many insurance providers offer you an upfront payment discount of up to 5%. It doesn’t sound like much, but every little helps. If you have a $3,000 car insurance policy, that 5% adds up to $150. Add a few more discounts and you can save even more money and make an even bigger dent in your insurance rates.

Combine Policies and Vehicles

Insurance companies that offer multiple types of insurance tend to offer discounts when you purchase several products from them.

Known as multi-policy discounts or “bundling”, these offers are common with homeowners insurance and auto insurance, but they are also offered with renters insurance and life insurance.

You can combine several vehicles onto the same auto insurance policy, as well, saving much more than if you were to purchase separate policies.

These discounts are essential for multi-car households, but they are not limited to cars. Many insurers will also let you add boats, ATVs, motorcycles, and other vehicles onto the same policy.

Shop Around

Before you settle on a single policy, shop around, compare as many car insurance quotes as you can, try multiple different insurance options (uninsured/underinsured motorist coverage, comprehensive coverage, collision coverage) and make sure you’re getting the lowest rates for the best cover.

Too many drivers make the mistake of going with the same provider their friends or parents have; the same provider they have used for a number of years. In doing so, they could be missing out on huge savings. 

You could be forgiven for thinking that all providers offer similar rates and that the difference between them is minor. But regardless of your age, gender, and state, the difference between one provider and the next could be up to 200%!

Check if You’re Covered Elsewhere

Car insurance companies offer a number of add-ons and optional coverage options. These are enticing, as they cover you for numerous eventualities and some of them cost just a few dollars extra a month. But all of those dollars add up and could result in you paying much more than you need for cover you already have.

Roadside assistance is a great example of this. It will help you if you are stranded by the side of the road, assisting with services such as tire changes, fuel delivery, towing, and more. But if you have a premium credit card or are a member of an automobile club, you may already have that cover.

The same goes for rental car coverage, which is often purchased at the rental car counter. Although it has its uses, if you have an auto insurance policy, travel insurance, and a premium credit card, you’re probably already covered. In fact, many Visa credit cards offer this service completely free of charge when you use your Visa to pay the bill, but only if you reject the waivers sold by the rental car company.

Bottom Line: Best Auto Insurance Companies

​Car insurance coverage varies from state to state and provider to provider. There is no “best” company, as even the ones with consistently affordable rates will not be the best option in all states or for all demographics.

In our research, we found that GEICO was consistently one of the cheapest providers for good drivers, bad credit drivers, and even high risk drivers. GEICO also offers personal injury protection, collision insurance, medical payments, uninsured motorist coverage, and more, making them the most complete provider for the majority of drivers.

However, in some states, local farm bureaus come out on top, offering very cheap bodily injury liability coverage and property damage liability coverage, and giving policyholders a level of care and attention that they might not find with the bigger, national providers. USAA, which offers cheap car insurance to members of the military, also leads the way in the majority of states, but only for those who meet the criteria.

Simply put, there is no right insurance provider for you, just like there is no right coverage. That’s why it’s important to shop around, chop and change your coverage options, and don’t assume that any type of coverage or provider is right for you until you’ve looked at the numbers.

Source: pocketyourdollars.com

The Best Cities for Motorcycle Owners

The Best Cities for Motorcycle Owners – SmartAsset

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According to the U.S. Department of Transportation, as of 2012 there were at least 8.4 million registered motorcycles in the United States (a number that has likely risen in the past four years as the economy has strengthened and auto sales have ballooned). That’s a lot of hogs – about one for every 37 people in the U.S. 

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In some states, the concentration is even greater. South Dakota, for example, has one registered motorcycle for every 11 residents.

There are numerous factors that might make some places better for motorcyclists than others. Weather is an obvious one. Going for a ride is a lot more pleasant if it isn’t pouring rain.

Likewise, frigid temperatures can push even the most die-hard motorcycle owner to consider an alternate means of transportation. For many motorcyclists, access to the open road is also important. A few hours of traffic can suck the fun right out of an afternoon joyride.

So what are the best cities for motorcycle owners? To answer that question, SmartAsset analyzed data on every U.S. city with a population of at least 150,000. Along with the weather and traffic congestion in these cities, we also looked at such metrics as the state max speed limit on highways and the number of registered motorcycles per capita. (Read our full methodology below.)

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Key Findings

  • Best rides out west. With its many natural wonders and its long stretches of open road, the American West is something of a playground for motorcycle enthusiasts. It probably comes as no surprise that seven of the top ten cities in SmartAsset’s analysis are out west.
  • Southern California has best motorcycling weather. Seaside cities like Oxnard and Chula Vista have weather that is warm and dry year round. Incredibly, San Diego records zero days a year in which the average max temperature is less than 40 or higher than 90.

1. Fort Collins, Colorado

Why is Fort Collins the best city in the U.S. for motorcycle owners?

First, take a look at the location. Along the Front Range of the Rocky Mountains and 40 miles south of the Wyoming border, Fort Collins is surrounded by breathtaking scenery and opportunities for great rides. For instance, a loop through the Roosevelt National Forest, up to Laramie, Wyoming, and back down to Fort Collins would cover 220 miles of mountains and valleys in about four and a half hours.

Next, check out the traffic (or lack thereof). Motorists in Fort Collins spend an average of less than 20 hours per year sitting in traffic, making it one of the 20 least-congested cities in SmartAsset’s analysis. Colorado also has some of the lowest gas taxes in the country, with a state tax of just 22 cents per gallon.

2. Sioux Falls, South Dakota

South Dakota, which is one of the top states for an early retirement, may also be the best state for motorcyclists. Drive along I-90 on any summer day and you are sure to see numerous packs of motorcycles zipping along. The state is home to what may be the world’s largest annual gathering of motorcycle owners, the Sturgis Motorcycle Rally, which in 2015 drew an astonishing 739,000 people.

While that rally is located across the state from Sioux Falls, there are plenty of reasons motorcycle owners will be happy in South Dakota’s largest city. (Sturgis and nearby Rapid City were not included in SmartAsset’s study as their population is less than 150,000.)

The average motorist in Sioux Falls spends just 15 hours per year in traffic, ninth-lowest among the cities we analyzed. Likewise, given the city’s strong economy and low housing costs, motorcycle owners should have some spare income to spend on the upkeep and improvement of their motorcycle collection.

3. Boise, Idaho

Located in central Idaho’s Treasure Valley, Boise is within a day’s ride of many of the country’s most beautiful regions. It is less than eight hours from Yellowstone National Park, less than eight hours from Lake Tahoe and less than eight hours to Oregon’s Cannon Beach. Utah’s Arches National Park is about eight hours and 15 minutes away from Boise.

4. Santa Clarita, California

Santa Clarita is located in Los Angeles County, but unlike in the City of Angels, traffic in Santa Clarita is not a major problem. In fact the average commuter in Santa Clarita spends less than 15 hours per year sitting in traffic. (LA motorists, in contrast, spend 80 hours in traffic.)

While bypassing the bad traffic, motorcycle owners in Santa Clarita still get to enjoy Southern California’s scenic mountain roads and warm weather. The city averages just 23.9 days per year in which precipitation exceeds 0.1 inches.

5. Overland Park, Kansas

Overland Park is the second largest city in the state of Kansas. Of the 171 cities in SmartAsset’s analysis, it has the 14th highest income after housing costs (like mortgage payments and insurance). That means motorcyclists should have spare money to spend on motorcycle repairs and improvements.

Overland Park also has the 16th lowest property crime rate of the cities in SmartAsset’s analysis. There were just 279 auto thefts in the city in 2014, 1.5 for every 1,000 residents.

6. McKinney, Texas

McKinney is about 30 miles north of Dallas, but when it comes to traffic it is a world apart. In fact, the average motorist in McKinney spends just nine hours a year in traffic congestion, according to the Texas A&M Transportation Institute. That is lowest of any city in our study. For motorcyclists, it means less time waiting for the car ahead to move and more time on the open road.

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7. Santa Rosa, California

Located in the heart of one of America’s top wine regions, Santa Rosa is surrounded by beautiful scenery. Motorcyclists have numerous options, whether they want to go for a quick afternoon joyride or take a longer weekend tour. Potential destinations include the Pacific Coast Highway, which is less than an hour away, and Redwood National Forest, which is about four hours away.

8. Oxnard, California

If you love the beach and love your motorcycle, Oxnard may be the place for you. It is located along the Pacific Coast, west of Los Angeles. The city’s weather is stunning. Average maximum temperatures never fall below 60 or exceed 80. In fact, on average the city has just one day a year in which the temperature gets over 90 degrees.

9. Cary, North Carolina

This North Carolina city is the number one city on the East Coast for motorcycle owners. Like the rest of the East Coast, it is wetter than most cities in the west, averaging 76 days per year in which it receives at least 0.1 inches of rain. On the other hand, the climate in Cary is fairly temperate. Maximum temperatures fall below 40 degrees an average of 15 days a year, and rise above 90 degrees an average of 33 days per year.

The area is not lacking for beautiful routes. For instance, the Blue Ridge Parkway, “America’s favorite drive,” is located about three and a half hours from Cary. The North Carolina coast is less than three hours away.

10. Chula Vista, California

Take a ride through the Sonoran Desert or down the Coast of Baja California. Check out Cleveland National Forest or Joshua Tree National Park. All of these destinations are just a few hours from Chula Vista. The city also has some of the best motorcycling weather of any city in the U.S. It ranked in the top 15 cities in our study for both its limited rainfall and lack of extreme temperatures.

Methodology

To reach these results, SmartAsset analyzed data on 171 U.S. cities with a population of more than 150,000. Specifically, we looked at the following seven metrics:

  • Precipitation: the average number of days per year in which precipitation exceeds 0.1 inches.
  • Temperature extremes: the number of days per year in which average maximum temperatures are either lower than 40 degrees or higher than 90 degrees.
  • Traffic: the average hours per year lost to traffic congestion for auto commuters.
  • Property crime: the annual number of property crimes (including but not limited to auto theft) per 100,000 residents in each city.
  • Discretionary income: the median income after typical housing costs in each city.
  • Maximum speed: the maximum speed limit on highways of the state in which each city is located.
  • Motorcycle registrations: the number of residents per registered motorcycle for the state in which each city is located.

We ranked each of the 171 cities in our analysis according to those seven metrics. (For state-level metrics, cities in the same state received the same ranking.) We then averaged those rankings, giving half-weight to the two measures of weather and full weight to all other metrics.

The overall index was calculated based on that average ranking. The city with the best average ranking received an index score of 100, while lower average rankings correspond with lower index scores.

Data on temperature and precipitation comes from the National Oceanic and Atmospheric Administration. Data on traffic congestion comes from the Texas A&M Transportation Institute. Data on maximum speed limits comes from the Governors Highway Safety Administration. Data on the number of motorcycle registrations comes from the U.S. Department of Transportation. Data on property crime rates comes from the Federal Bureau of Investigation and local law enforcement agencies. Data on discretionary income comes from the U.S. Census Bureau.

Questions about our study? Contact us at blog@smartasset.com

Photo credit: ©iStock.com/pick-uppath

Nick Wallace Nick Wallace studied Economics at the University of Washington. He enjoys getting people thinking about finances by looking at the numbers. Nick is a freelance journalist and data analyst living in Michigan. He still lends his economic and analytic expertise for SmartAsset’s studies.
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Source: smartasset.com