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Real Estate Report: Demolitions and Sales

17HarvestDriveTwo more homes were cleared for demolition by the Committee for Historic Preservation at their meeting on April 23, 2014. Going down will be 18 Coralyn Road and 17 Harvest Drive – pictured here. The Committee asked the applicants who filed to demolish 8 Ardmore Road to resubmit their application.

This week's home sales:

51PennBoulevard51 Penn Boulevard: Exquisite Georgian brick Colonial will be totally renovated with the highest quality workmanship and materials. New baths, new state of the art kitchen, new family room, new systems, all in keeping with the traditions of this elegant home. Rear property is a flat 131'x 88'and the potential exists to install a pool. This is a unique opportunity to buy a new home with old world charm and details.

Sale Price: $3,400,000
Real Estate Taxes: $56,369

60BriteAvenue60 Brite Avenue: Stone and brick center hall Fox Meadow Colonial with ample room in spacious, private, tree enclosed backyard for pool or tennis court. Five bedrooms, five baths.

Sale Price: $2,300,000
Real Estate Taxes: $41,976

27StrattonRoad27 Stratton Road: Bright updated Quaker Ridge home with four bedrooms and 3 and a half bathrooms plus den/family room, attached two car garage all in convenient location. Lots of quality details throughout like hardwood floors, custom built-ins in many rooms, ample closets, central air conditioning, screened porch, lawn sprinkler system, updated Garth Kitchen with Wolf stove and granite counter tops. The level quarter acre property is adjacent to village owned land giving the feeling of even more property.

Sale Price: $1,050,000
Real Estate Taxes: $30,175

38Palmer38 Palmer Avenue: Charming Heathcote colonial in park like setting. Wonderful, modern kitchen with separate seating area leads into spacious and bright family room. The French doors divide family room from the formal living room with fireplace. French doors from family room lead to expansive deck. Central air conditioning, California closets. Lovely, flat backyard.

Sale Price: $985,000
Real Estate Taxes: $21,059

8HighviewDrive8 Highview Drive, Edgemont: Expanded split-level home set on level .23 acres offers space and comfortable living. Living room with bay window opens to dining room, eat-in-kitchen, door to huge deck over looking fenced, fabulous yard is perfect for entertaining. Master bedroom with marble bath, enormous walk in closet, additional 3 bedrooms with renovated hall bath, expansive family room with bath, walk out door to back yard plus separate lower level office/den, nanny area.

Sale Price: $788,000
Real Estate Taxes: $20,678
163BellRoad163 Bell Road: Lovely English Tudor, entrance foyer, very large living room/family room, formal dining room, modern eat in kitchen. Second floor: master bedroom and 2 additional bedrooms with full bath. Expansive lower level recreation room and half bath.

Sale Price: $710,000
Real Estate Taxes: $15,850

Featured Listings:

HLChristieSmall43 Axtell Drive, Scarsdale: Timeless Crane Berkley Center Hall 43AxtellColonial with classic proportions and exquisite architectural details on .43 acre of incredible flat, private property. Move right in to over 4,800 square feet of interior space with six generously sized bedrooms, impressive entrance foyer, library with fireplace, gracious living room and formal dining room each with fireplace and a luxurious master bedroom suite. Many quality appointments and upgrades throughout. Learn more here.

List Price: $2,750,000

HLChristieSmall21 Beverly Road, Purchase: This magnificently renovated country Colonial on 1.37 21BeverlyRoadPurchaseacres has a perfect layout for entertaining and relaxing. Enjoy a private country club setting with a heated Gunite salt water pool with spa, tennis court with lights, mahogany deck with covered porch, and elaborate playground.

There is a large chef's kitchen with stainless steel appliances including restaurant size Sub Zero refrigerator and freezer, center island with sink, new radiant heat, breakfast area with fantastic gas fireplace and butler's pantry. Unbelievable master suite has a sitting room, office, walk-in closets and luxurious bath. Other special features include two large family rooms, architectural details, many French doors, brand new powder room with wainscoting, private bath with dressing area that leads to deck and pool and a three-car garage. Learn more here.

List Price: $2,795,000

prucentlogoa125 Glendale Road, Scarsdale: Easy Living...3 Bedrooms...3 Full Baths...Completely125GlendaleRoad Renovated from Head to Toe...New Plumbing, Electrical, Windows in 2012...Hop, Skip & Jump to School. Movie nights with Surround Sound...Fires Lit in the Fireplace...Watching the Day Go By From the Rocking Chair Front Porch (236 Sq. Ft.)...New Master Bath...Building Legos...Finished 572 square ft Basement...New Washer and Dryer...Pancakes Flipped...Renovated Kitchen...Toes Warm on Bathroom Floor with Radiant Heat...Perfect for Life's Celebrations, Big and Small...Greenburgh/ Edgemont Schools...Dare to Dream...Boxes Unpacked...Pictures Hung...New Home... $749,000. Learn more here: Text M346199 to 85377 for photos and details

prucentlogoa50 Harvest Drive, Scarsdale: See full plans attached to listing. In a class of its own, this50HarvestDrive spectacular brand new 7,500 square foot Colonial is located on a cul-de-sac with level property. This stunning home boasts a gourmet Chefs kitchen, master suite with fireplace, all luxury bathrooms, 9 and 10 ceilings, custom cabinetry and paneling, state of the art heating and cooling system, 3 car garage and so much more. Meet the builder and customize this home while you can! Learn more here: Text M338465 to 85377 for photos and details.

List Price: $3,795,000




#2 Huh? 2014-05-01 13:02
Ok, but doesn't having ample land around your home give your home added value? Or do people like to be cheek-by-jowl with their neighbors? Struggling to understand the logic of saying additional land does not add value to your property, even if that land cannot or will not be built on. How about seeing added value ESPECIALLY if it won't be built on?
#1 Real Estate Professional 2014-05-01 11:01
With the lack of transparency being shown in how the Village of Scarsdale and Tyler Technologies' revaluation figures resulted in putting such a high increase on specifically the land value in Scarsdale, the following is something Scarsdale residents might want to consider. Residents can obtain through the Scarsdale Village Hall public records under the Freedom of Information Law (FOIL), how many homes were sold in 2013 to builders for demolishing and rebuilding vs. homes sold to private individuals for intent of living in existing homes.

So the challenge with the records is that you cannot tell what the outcome is on most of the homes demolished. However, here is a total (keeping in mind some homes appear twice for demo and rebuild):
Demo and rebuild = 3 / Demo only = 21 / Partial demo (no rebuild) = 6

It is probably a fair assumption that the 21 demolished will eventually receive a permit for a rebuilding. So let’s say 24 in total for 2013. The records list all the sales which total 382 (some appear twice so they were only counted as once). The tricky part is that there is carryover in years. So for the list of demo’s for 2013, only a portion show as purchased in 2013 as they could have been purchased in 2012 and the permits filed in 2013. Likewise there are probably builders purchasing homes on the list in 2013 that the permit requests will appear in 2014
But allowing for assuming the same carryover from year to year, it could be said that of 382 sales, 24 were for the intent of demolishing and rebuilding. This represents 6.3% of the sales in 2013. So the question begs, how can the town and Tyler Technologies place so much weight on the land portion of the assessment that is driven by builders’ intent to demolish homes when this represents only 6% of homes sold in Scarsdale? Put another way, with 94% of homes sold to private individuals for the intent of living in the existing homes, then it appears necessary to assume this is the likely buyer demographic and the assessments should be made with more weighting on the home and less on the land given the intent to live in and retain the home.

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