Friday, November 7, 2008

Fourth try, but Ridgewood's referendum doesn't pass

Will Supporters Keep Marching On?

With 21 of the 22 Norridge and Harwood Heights precincts reporting Tuesday night, things did not look good for supporters of a referendum for Ridgewood High School District 234.
The unofficial results from the Cook County Clerk's Office showed that 55.83 percent, or 3,311 voters responded "No" to a question asking for their permission to raise the limiting rate on their property taxes for a year. A little more than 44.17 percent, or 2,620 voters were willing to go along with it.
The measure would have amounted to a property tax increase equivalent to roughly $20 a month for the owner of a single-family home.
Representatives of the school district discussed the results Tuesday night at Vince's Italian Restaurant, 4747 N. Harlem Ave., in Harwood Heights. They didn't have much to celebrate. As Republican presidential candidate John McCain giving his concession speech in the background shortly after 10 p.m., school board Secretary Maria Palmieri-Smith talked about the results in the District 234 race.
"It doesn't look like we won. But we got the message out. We got huge excitement with the kids in the community, with the parade.... At least we got the message out."
Jojo Hajduk, a parent and a major booster of the referendum said she isn't ready to give up, even after four tries and four failures.
"We need to go again and get the message out again," she said. "I think there are a lot of people out there who go for education first and a lot of them live in Norridge and Harwood Heights. It starts right in their own community, right there on their own block.
"In order for them to succeed, their schools need the funding. Even if they need to get rid of one pizza a month -- it's $20 a month -- they need to do it. I already made cutbacks. Our children -- my daughter is a sophomore -- are the future."
Paul Draniczarek, school board president, said he isn't sure what the next move would be.
"We need to see what the (official) results were, then we need to sit back and evaluate it and see what our next step is going to be. There are a lot of possible things to look at. There are elections in the spring.
"We had hoped we would have been able to reinstate some things, but its going to be pretty hard to do that. Now we'll have to look at whether we'll have to cut back on some more stuff."

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Mint condition Fredrickson raised ranch -- 1 block from Park!

4504 N. Ottawa Avenue, Norridge

I am happy to let you know about this fantastic Fredrickson raised-ranch in Norridge that just came on the market. It has two bedrooms (with room for a third), two baths, hardwood floors throughout, a large eat-in kitchen with granite counters and stainless appliances, updated bathrooms, a second kitchen in the finished basement, new furnace, newer a/c, roof, electric and much more. Move right in! For more details, click here contact me asap at 847.878.3724 or email

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Saturday, September 13, 2008


I am happy to be able to share information about two homes in Norridge that will be listed very soon. Both are raised ranches built by Fredrickson and are both in move-in condition. For more details, contact me asap at 847.878.3724 or via email.

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Wednesday, June 11, 2008

6 Month Activity Report for Norridge

In the last six months, 25 homes have sold at an average of $344,756 in Norridge.
The averate time to sell is 166 days, or about 6 months.
While $344,756 is the average, the highest priced home sold for $620,000 and the lowest was $249,500.

Of the 25 homes that sold, nine went for between 300 and $350,000.

Currently, there are 11 homes under contract and 130 homes actively for sale.

There are many keys to selling is this market and I'd be happy to advise you and/or assist you in the sale of your home.
Of course, the number one factor is always the price. If you are too high, you are only helping the other homes in the area sell and are wasting your time. Besides price, there are things you can do and ways to market that are unique from the others. Give me a call to learn more --no obligation!

Bob Chiarito 847.878.3724
Proud to live and work in Norridge!

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Tuesday, June 10, 2008

Attention Fredrickson owners!

I am in the process of writing a history of the popular Fredrickson raised ranches in Norridge. If you have stories, pictures, original documents or anything else that may be useful, call me at 847.878.3724 or email me today!

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Thursday, April 17, 2008

Tax Breaks For First-Time Home Buyers

One of the largest groups looking to move to Norridge lately are first time home buyers. This is largely because of the price range, location and size of most Norridge homes. If you’re thinking about buying your first home, you have more incentives for purchasing one other than the good deal you can land in today’s housing market. Home ownership comes with some pretty nifty tax breaks, besides the pride of owning your own place and building equity (instead of throwing away your cash on rent). So, as you stress about the income tax returns to Uncle Sam you just paid, look on the bright side and consider the tax perks of owning a home — instead of feeling squeamish about buying one.Here are the tax benefits, as described by

Mortgage interest: All the interest you pay on your monthly mortgage is deductible, unless your loan is more than $1 million. Interest tax breaks also apply to the extra cash you pull out from refinancing, or if you decide to get a home equity loan or line of credit later on.

Points: If you paid points to get a better rate on any of your various home loans, the points offer a tax break. (Points are interest charges you pay upfront when you close on your loan.) You can deduct points in the tax year you paid them. If you're refinancing a loan, the points are tax deductible over the life of the loan.

Property taxes: A big part of most monthly loan payments is taxes, which go into an escrow account for payment once a year. This amount should be included on the annual statement you get from your lender, along with your loan interest information. These taxes will be an annual deduction for as long as you own your home.Mortgage interest, points and property tax deductions are itemized deductions you indicate on Schedule A of IRS Form 1040. Get the entire scoop on Tax Information for First-Time Homeowners from Publication 530 from the IRS.

When you sell:
When you decide to move up to a bigger home, you will be able to avoid some taxes on the profit you make. Here’s how it works: You need to have owned the property for two years and lived in it for two of the five years before the sale. For singles, $250,000 of the sale is tax-free, while married couples (joint filers) enjoy a tax break for $500,000 in sales gain. Learn more about Selling Your Home in IRS Publication 523.Stay tuned for possibly more tax credits in the coming year, as Congress and the White House try to hammer out a plan to revive the battered housing market.

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Thursday, April 10, 2008

Norridge, The one and only

Did you know that "Norridge" Illinois is the only village in the world named Norridge?
Did you also know that it is sometimes referred to as "Island in the City" because it is surrounded on four sides by the City of Chicago?
But, because Norridge is a suburb, its residents enjoy the charm, security and nice atmosphere of a suburb while being very close to the city. Close to O'Hare, Downtown and everywhere in between, Norridge is the ideal place to live.

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