Heathcote Road Manse Sells at Far Below the Asking Price

A mansion at 17 Heathcote Road, that was on the market in 2016 for $11.8 million, sold this week for just less than half that amount at $5,300,108.

The 9,896 square foot home sits on 4,12 acres in the Heathcote Association and includes 7 bedrooms, 8 full and 2 half baths. Also on the property are a 50 X 20 pool and cabana, a tennis court, a fire pit and a four-car garage.

The home was owned for years by the Freidfertig family who are prominent builders in Scarsdale. In May 2021 they sold the house to Bhupendra Kumar Modi for $8.500,000. Residents noticed that Modi posted a prominent blue and gold sign outside the driveway, the gates were painted blue and gold, the columns in front of the house were topped with gold and the shutters were painted royal blue. The sign read, “Bhupendra Kumar Modi, Singapore Citizen, Overseas Citizen of India, 17 Heathcote Road, Scarsdale New York 10583.

Who is Modi? According to Wikipedia, “Bhupendra Kumar Modi (born 2 January 1949), known informally as Dr. M is an Indian-born Singaporean businessman, social entrepreneur, and philanthropist. He is the founder-chairman of Smart Group of companies, the founder of the Global Citizen Forum and the global chairman of the Foreign Investors India Forum. He is also the Honorary President of the World Federation of United Nations Associations.

In January 2023, Modi was bestowed with the title of Raja-Rishi on the occasion of his 74th birthday. The title means “royal sage” and describes “a person who has attained all material possessions but has a high level of spiritual knowledge that enables him to remain detached. This is an acknowledgement of the life and work of Dr Bhupendra Kumar Modi who has been known as the ‘Man of Many Firsts’ for bringing several new technologies such as India’s first mobile call, first photocopier etc. These technologies have revolutionized the office automation and mobility landscape of the country, laying the foundation for a digital India.”

It is not known whether Mr. Modi ever stayed in the house.

The house was included in the historic Cultural Resources Survey of Scarsdale where it said, “The house, which was commissioned by Samuel Woolverton, Vice President of the Hanover National Bank and was known as “Woolverton House.”

The house was listed for sale by Haritini Pandis and Angela Retelny, both of Compass Realty.

Why it sold at such a discount is open to speculation. Annual taxes are $188,000 and the property cannot be subdivided. The home is old and current buyers seem to prefer new construction. Perhaps there are few buyers out there who can foot the bill?

Sales

6 Dickel Road

Storybook Tudor located in the Greenacres Section of Scarsdale. Nestled on a serene .63-acre on a private cul-de-sac, this breathtaking residence is surrounded by lush evergreens and expansive lawns. A fabulous heated swimming pool with an electronic safety cover and a spacious deck are perfect for entertaining and quiet relaxation. Exquisite interior and exterior architectural details with stunning brick/stonework and meandering stone walls that border the colorful perennial gardens. A perfect blending of rich, distinctive character with modern amenities.

Sale Price: $2,390,000
Real Estate Taxes: $44,728
Assessed Value: $1,701,800

19 Donellan Road

Center Hall Colonial, offering 4248 sq ft of charm & elegance. Serenely nestled in this picturesque Greenacres neighborhood, this home boasts six bedrms, five full baths & a powder rm. There is ample space & versatile rooms for today's busy lifestyle.

Sale Price: $2,005,800
Real Estate Taxes: $28,104
Assessed Value: $1,075,000


36 Secor Road

.29 acre property located in a prime Heathcote location with easy access to all local amenities. This house presents an ideal canvas for renovation enthusiasts and buyers with vision. Embrace the potential to customize and modernize this 3 bedroom, 2.1 bath home according to your preferences.

Sale Price: $1,395,000
Real Estate Taxes: $27,015
Assessed Value: $1,075,000

145 Lyons Road

Move-in ready Tudor in Scarsdale School district! 4 bedroom, 2 1/2 bath charmer awaits its new owner. Full of natural light with a terrific layout, and located on a tree-lined street, walk to Edgewood Elementary School and playground. Delightful living room with lots of windows, brick fireplace, French doors and built-in bookshelves. Formal dining room and renovated MEIK. Bonus large, bright family room with sliders to patio and yard. Primary bedroom suite with an impressive brand new master bath, 3 additional bedrooms and renovated hall bath. Central air, hardwood floors, detached one car garage.

Sale Price: $1,295,000
Real Estate Taxes: $22,450
Assessed Value: $850,000

Featured Listings

28 Brookby Road, Scarsdale

Bright five-bedroom home located on prestigious street and close to the Five Corners shopping area. The kitchen has been updated with premium appliances and granite topped counters and center island. Easy access to the level backyard from both the kitchen and the lower level playroom. On the main level are 3 bedrooms including the primary all with updated bathrooms. Upstairs are 2 more bedrooms plus a bonus space could be a 6th bedroom and an updated bathroom. The lower level has two big play areas, a fireplace and sliders to the back yard with 654 square feet not included in total. Don't miss this opportunity to own this beautiful home with great outdoor space that is close to both the Heathcote Elementary School and also the Scarsdale Middle School. Learn more here:

List Price: $1,595,000






1 Ardmore Road, Scarsdale

New Construction in Scarsdale by premier builder. Amazing home with beautiful windows and tons of natural light, 1 Ardmore has 5,466 interior sqaure feet with 6 bedrooms each with its en-suite bathroom (6) including a first-floor bedroom. and second-floor laundry room. Set on .22 acres with a very nice backyard. Conveniently located and an easy walk to: Heathcote Elementary School (5 minute), Crossway playing fields and park (7 minute), Scarsdale Municipal Pool, and Shopping at Heathcote Five Corners (10 minute walk). Great open floor plan includes kitchen/family room, dining room, living room and mudroom off 2 car garage. Lower level is large with great open space plus bedroom/bathroom. Expected completion Spring 2025. 4 zone hydro-air, natural gas, high end appliances. Pick your finishes! Learn more here:

List Price: $3,950,000