Details

Category: Real Estate

Published: 08 March 2012

The market for Scarsdale real estateis heating up. Whether it’s low interest rates or a tough admissions season for New York City private schools, buyers are flocking here to begin an early spring selling season. According to Elise Flagg, Associate Broker at Houlihan Lawrence, “The real estate market has seen phenomenal activity since January. Showings are higher than they have been in months. Buyers seem to be back and are responding to well-priced properties. In recent weeks there have been multiple bids on quite a few homes, a positive sign for buyers and sellers.”

Another historic home to go down? The Committee for Historic Preservation released their agenda for March 20, 2012 and it shows that 3 Sherbrooke Road, built in 1902 on 4.85 acres in Heathcote will be considered for demolition. Village records show that the 7,000 square foot home also has a pool and a tennis court. The house is directly across the street from the house on the Duck Pond that met a similar fate last year. Currently a large new house is going up on Duck Pond Road to replace the original house. (Pictured above: 3 Sherbrooke Road)

Check out these recent sales, with many in Edgemont:

4 Scarsdale Farms Road: Delightful Edgemont Colonial filled with sunlight. Set on a spectacular .49 acres, this home has been impeccably updated and maintained. Beautiful New Country French kitchen with granite counters, Thermador stove and oven, Sub Zero fridge, Bosch dishwasher family room, new Trex deck, windows, slate patio. Lower level media and play room. Ownership in private pool association.

Sale Price: $1,400,000
Real estate taxes: $37,262

145 Old Army Road: The best of both worlds...the charm and character of yesteryear but all the comfort and amenities of today's modern living. Almost an acre of land with pool and separate guest house; walk to Scarsdale village and train station as well as to the grade school, middle and senior H.S. Almost 5,000 square feet of living space on this property with 3,400 square feet in the main house excluding the finished basement. This house has been completely renovated and meticulously maintained.

Sale Price: $1,375,000
Real Estate Taxes: $37,227

390 Fort Hill Road: Beautiful, move-in condition colonial on 1/2 acre. Two-story entry with living room on right and dining room on left. Family room with fireplace, adjacent to large eat-in kitchen. First floor powder room. Second floor master bedroom suite, three bedrooms and hall bath. The 2004 addition added a jack and jill bath and a large bedroom or den.

Sale Price: $1,225,000
Real estate taxes: $43,747

7 Clubway Lane, Hartsdale: Enjoy breathtaking golf course views from this most secluded and unique location in Edgemont. This 6 Bedroom Tudor is located on a private cul-de-sac with .35 acre in a country like setting. Charm abounds in every room with leaded glass French doors, dinning room, breakfast nook, hardwood floors, dressing room, tiled porch with timbered ceiling and elegantly renovated bathrooms. Located in the award winning Edgemont school district and walk to metro north and shopping.

Sale Price: $1,095,000
Real Estate Taxes: $23,571

30 Lynwood Road: This Edgemont Tudor is only a short walk from the train, charming Scarsdale Village and award-winning schools. Features include a formal living room with fireplace, enclosed sunroom, formal dining room, eat-in kitchen, three bedrooms and two full baths. Walk-up attic offers potential for bedroom, study, or family room. Updated windows and move in condition.

Sale Price: $587,000
Real Estate Taxes: $18,052

Scarsdale:

33 Meadow Road: New Construction. Stone and shingle Colonial to be built. 5 Bedrooms, 5.1 Baths, 2 fireplaces on large level landscaped property with potential pool site, flagstone patio, 3-car garage. Spacious rooms with details throughout, nine foot ceilings. Builder can customize.

Sale Price: $2,750,000
Real Estate Taxes: TBD

104 Carthage Road: Built by one of Scarsdale's top builders. Details abound, Brazilian cherry wide plank floors, Coffered ceilings, all wood true divided light windows, huge walk up attic with 10' plus ceilings and so much more.

Sale Price: $2,650,000
Real estate taxes: $50,624


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Featured Listing: 5 Oxford Lane:
Bright open modern home situated on a cul de sac in Edgemont, nestled on more than 1/2 acre of private gardens, lawn and patio space that backs to Sunningdale Golf Club. Great space includes a dropped living room with a fireplace, large family room with built ins, a fireplace and sliding glass doors to the patio, gorgeous 5 year old kitchen tastefully done with stainless appliances and granite counters, large breakfast area, and fabulous adjoining mudroom/laundry room with pantry space and closet. Second floor has large master suite with views of the property, a walk in closet, 2 additional closets and an updated bathroom with "jacuzzi" and shower. There are 3 additional bedrooms with generous proportions and closets. The full basement includes a large playroom. media room/ family room, a full bathroom and another finished room which can have a variety of uses. List Price: $999,999. Learn more here:

Featured Listing: 5 Rocky Hollow Drive, Larchmont
Spectacular, gracious, sun-drenched Center Hall colonial on 1.27 private acres with pool. 8 bedrooms and 6.1 baths. High ceilings, hardwood floors, 2 story entry hall, circular staircase, beautiful moldings, music system, 4-zone heat and central air. Professional cook's kitchen with 2 subzeros, center island, granite countertops. Fabulous floor plan. Excellent storage including many cedar closets, Light and open. Master suite with luxurious bath and walk in closets. List Price: $4,500,000. Learn more here:

Details

Category: Real Estate

Published: 15 March 2012

Realtors must be pleased with the 2012 season, as houses both big and small, pricey and moderate seem to be selling. This week marked the biggest sale of the year to date. 16 Burgess Road, a six-bedroom, nine-bath home on 1.16 acres in Murray Hill went for $5,300,000. The house is relatively new, built in 1998 by Sunningdale Construction. From the pictures it appears to have a dramatic foyer, elegant rooms, spacious kitchen and lovely pool. Check out the photos here. For those watching the assessments, real estate taxes are shown at $120,200 per year.

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Featured Listing: 5 Brayton Road:

Situated on a quarter acre property, this charm-filled 1914 Colonial was completely rebuilt in 2003. Six bedroom home highlighted by multiple sets of French doors to porches, four fireplaces, family room, sun room and a recreation room. Appreciate the wonderful details and exquisite updates. Convenient to school and train. List Price: $1,650,000. Learn more here.

Featured Listing: 75 Round Hill Road :

Beautifully renovated and expanded in 2001, this lovely Colonial has a wonderful floor plan with stunning details. Highlights include six gracious bedrooms, fabulous open kitchen with great room, second family room plus a large patio overlooking the lovely half -acre property. Walk to schools, village and train. List Price: $1,339,000. Learn more here.

Details

Category: Real Estate

Published: 01 March 2012

At long last, Scarsdale will undergo a Village-wide property revaluation. The $1 million dollars needed to fund the work will be borrowed, rather than raised through taxes, and the debt service on the funds has been included in the proposed 2012-13 Village budget.

The last revaluation of Scarsdale properties was done 44 years ago in 1969, and many have noted the inequities in the system as the market value of homes has fallen out of alignment with assessed values. The reassessment will not alter the total tax levy – but instead shift the burden from those paying too much to those who are paying too little.

The revaluation will weigh homes on 19 characteristics to determine the new assessed value. Experts estimate that after the revaluation, the real estate taxes for one third of homeowners will go up, one third will stay the same and one third will go down.

The revaluation should stem the tide of tax grievances filed by residents who believe they are currently overburdened. In 2010-11, 756 grievances were filed and the volume proved very difficult for the Village assessor to handle.

We asked a few Scarsdale residents to comment on the impending revaluation and here is what they said.

Attorney Robert Berg who is a member of the Scarsdale Forum and a keen observer of Village affairs said, "Finally, a remarkable 44 years late, Scarsdale will begin the process of a town-wide revaluation. The Scarsdale Forum's Assessment Revaluation Committee demonstrated in its comprehensive November 2010 report that serious inequities exist in the taxation of equivalent properties within Scarsdale that can only be cured by town-wide revaluation. Revaluation will mean that the property tax burden will now be shared equitably among property owners. Owners of presently under-assessed properties, many of whom reside in large older homes whose value skyrocketed over the past 4 1/2 decades but whose assessment could not be increased to capture that increased market value, will no longer have their property taxes subsidized by the rest of Scarsdale's taxpayers. Moreover, with assessments being made at 100% of fair market valuation, the number of taxpayers challenging their property tax assessments should decline precipitously and the Village should be better able to defend any remaining challenges. Substantial savings in Village staff time and tax cert. refunds should result. Town-wide revaluation is a big win for fair government in Scarsdale and I welcome it. Better late than never."

Village resident Doug Ulene is also a member of the Scarsdale Forum. Since moving here in 2000, Ulene has challenged his own taxes twice. He added, “I think that a village-wide reassessment is long overdue. The Town's failure to "reval" its properties since the late 1960s has produced "winners" whose properties are permanently underassessed, and "losers" who are forced to spend time and money in order to achieve a modicum of fairness. That offends my sense of right and wrong, and I'm glad that the current Village Board appears to have the courage to re-establish property tax equity in Scarsdale.

Lynne Clark

Angela Manson of Prudential Centennial Realty agreed that the reval would be a plus for Scarsdale. “Revaluation is a value

Angela Manson

Anne Moretti

Once the firm is hired to conduct the revaluation, the process could take up to 18 months to complete, so residents will not see a change in their tax bills anytime soon.
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Featured Listing: 2 Castle Walk
Pristine 4100+ square foot Colonial with a Mediterranean flair set on over a half acre. Through the carved mahogany doors is a grand two-story entry hall, living room with three-exposures, gourmet kitchen and family room with built-in media cabinet. Enjoy fabulous outdoor living on the 500 square foot deck. List Price: $1,299,000 Learn more here

Featured Listing: 31 Stratton Road
Exquisite sparkling Colonial with an open floor plan sited on a .49 acre level property with quality architectural detail. Flexible 35-foot living room/dining room, stunning family room, expansive 49-foot deck across the back of the house which wraps around to the breakfast room. Spacious master suite with dressing room. List Price: $1,599,000 Learn more here