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Category: Real Estate

Published: 07 February 2013

Here's the Spring real estate outlook from Lewis Arlt of Houlihan Lawrence: As we enter 2013 spring buying season, nationally we see greater sales than any time since 2007. Economists are now saying housing is the major tailwind to the nation's recovery. However, lack of inventory could be a challenge to that recovery. Indeed, here in Westchester County, inventory is at its lowest level in four years. Customarily, single family homes on the Westchester market number over 3,000 units. This year, there are about 2,600 on the market county-wide. Low supply is usually short-term good news for sellers as it tends to push prices upward. But inventory growth will be crucial to long-term housing recovery. Despite a market awash in eager buyers, folks looking to make a purchase are still largely value driven. And with interest rates threatening to inch higher, it may not behoove sellers to wait for a return to higher prices.

Locally, the Scarsdale market counters the trend, with a growth of 12% of inventory - up from 85 last year to 95 this year. Even better, pending deals are up 45% from 22 to 32, and sold homes year-over-year increased from 205 to 225, a 10% increase. In Edgemont, inventory is significantly down compared with last year, but reflects numbers in alignment with four-year averages. The last twelve months were something of an anomaly in Edgemont, with a remarkable 103 homes changing ownership, up 98% over the previous 12 months, representing the most sales in a decade.

Recent Sales:

44 Murray Hill Road: (Pictured at top) Hampton's living on almost two acres in Murray Hill with Shoreline pool and all-weather tennis court. Dramatic front to back foyer/gallery streaming with sunlight and reflecting pool leads to exciting living room, family room, and cook's kitchen outfitted with custom cabinetry and premium appliances all overlooking expansive property. Additionally, a cherry paneled library, dining room, powder room, pantry, tea room, exercise room, 2 bedrooms and 2 baths on first floor. Upstairs is master suite, 2 offices, two bedrooms, each with bath.

Sale Price: $5,000,000
Real Estate Taxes: $50,343

123 Lee Road: A covered entry porch welcomes you to a delightful Tudor with lovely views and an easy-to-live-in open floor plan on the first floor. Quality construction with 9'ceilings, deep crown moldings, Viking appliances, granite kitchen counters, marble baths, custom cabinetry, hardwood floors, lawn sprinkler system, central vacuum and much more. Four nicely sized bedrooms. Two marble baths plus the powder room.
Sale Price: $990,000
Real Estate Taxes: $21,859

155 White Road: A beautiful brick walkway and driveway enhance the great curb appeal of this sunny home. This picturesque colonial is move- in ready. It is completely updated including all new windows, hardwood floors throughout, and a freshly painted exterior.Sits in quiet residential neighborhood within walking distance to school, park and transit. Bright, comfortable home and property have been well maintained.
Sale Price: $582,500
Real Estate Taxes: $14,458

Featured Listing: 18 Eton Road, Scarsdale
Beautiful sun filled Colonial in Estate Section-Grange of Greenacres. Situated on 1.14 acres of private property. Enjoy the heated pool and large patio right off the gourmet kitchen and family room. Gorgeous two story entrance foyer, incredible master bedroom suite with balcony and lower level with gym, laundry, game room and wine cellar. The perfect home for entertaining.  Learn more here: List Price: $3,395,000

Featured Listing: 280 North Clayton Road, Scarsdale
Fabulous one of a kind arts and crafts inspired Edgemont home on .77 Acre. Top-of-the-line construction including a timeless Deane kitchen with adjoining sunken family room. Spacious 6,708 square feet with 6 bedrooms, 5 full baths, powder room. Stunning pool and 6 person hot tub. Exciting extras include a media room, fitness room, 1000 bottle wine cellar, dramatic screened porch with vaulted ceiling, separate wing with common room for study or play and much more. Light filled, comfortable and elegant. A home to love. Learn more here: List Price: $3,800,000

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Category: Real Estate

Published: 11 February 2013

The Scarsdale Village Committee for Historic Preservation will meet to discuss the fate of six homes on February 27. If they are not found to meet the criteria for preservation, they will be history! An application has been filed by KOS Building LLC to combine the lots of two of the homes, 119 Cushman and 1 Woodland Road into a six lot subdivision that would run along Garden and Cushman Roads that will be considered at at meeting of the Scarsdale Planning Board, also on Wednesday February 27. Since the area is located on a wetlands, they have applied for wetlands permits to build new homes on these lots. Check out these homes while they are still standing:

The addresses are as follows:

4 Windmill Circle, built in 1925

55 Greendale Road, built in 1926

235 Rock Creek Lane, built in 1951

119 Cushman Road, built in 1946

1 Woodland Road, built in 1946

15 Herkimer Road, built in 1938

 Recent Sales
7 Oakstwain Road: Premier Greenacres Colonial of incomparable beauty, quality and size with classic proportions and exquisite architectural details sited on a stunning professionally landscaped 0.64 acres. Special features: Ultra kitchen with professional appliances and stone counters, laundry, 9' ceilings, second floor screened porch, pool, hot tub and cabana with bath and kitchenette, interior painted, roof and gutters replaced, circular driveway.

Sale Price: $1,837,500
Real Estate Taxes: $34,394

Featured Listing:19 Cambridge Road, Scarsdale
Charming, sun-filled center hall colonial on .47 of an acre of beautiful, level, private property in sought after Greenacres. This quality built and beautifully maintained home features spacious room sizes, gleaming hardwood floors, arched doorways, crown moldings and two fireplaces. Square footage shown does not include 500 additional square feet in the above ground finished lower level. Fabulous curb appeal. Move right in. Learn more here:

 List Price: $1,550,000

Featured Listing: 17 Highridge Road, Scarsdale
A classic with updates that make it beautiful and appealing to all. This home provides quality, space and flow throughout. The center hall layout offers views to the back gardens and golf course. Traditional living room with fireplace and bookshelves, bright sunroom, Kitchen with large table area and counter seating, pantry, mudroom and finished basement. Private yet convenient location on a gorgeous street. Learn more here.

List Price: $1,699,0

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Category: Real Estate

Published: 30 January 2013

Two historic homes in Scarsdale are in the spotlight this week: 4 Obry Drive changed hands last week foro $1,600,000 and 11 Richbell is on the market for $4,895,000. Both were featured in the Historic Resources Survey commissioned by Scarsdale Village last year. Here is what the preservationists say about these two homes:

4 Obry Drive: (1925) A sprawling example of an Arts and Crafts style residence, this house features an outstanding rubble stone base, stucco and half timbering, leaded-glass windows, a porte-cochère, and hip, and gable slate roofs. One shed dormer appears to be a later addition.

11 Richbell Road (1913) Although little is currently known about this house, it is an exceptionally fine example of Tudor Revival architecture, and among the earliest large- scale examples in Scarsdale. The house is irregularly massed, with several wings. It has a random ashlar stone base that appears to grow naturally from its site, an effect especially evident from the rear where it sits at the crest of a modest hill. On the front elevation are two overhanging, half-timbered gables with ornately carved bargeboards and finials. The gables are supported on large brackets, giving the effect of the projecting jetties on medieval houses. Extensive, multi-pane window openings light the interior.
The Scarsdale Board of Trustees is currently considering what, if anything, can be done to preserve Scarsdale's historic homes and landmarks. On Wednesday night 2/27 at 6 pm, the Law and Land Use Committees of the Scarsdale Board of Trustees will meet at Village Hall to review proposed changes to the town's historic preservation code.

Recent Sales:

122 Aqueduct Drive, Edgemont: Tastefully restored and expanded New York artist's home. Sunny Colonial with beautiful archways, original molding, unique details and rich oak floors. Central Air. Great flow for comfortable family living and easy entertaining. Large living room (18 by 33) leads to new sunroom/office, rear gardens and pantry. Bright kitchen with separate breakfast nook. Large master bedroom and newer bath. Entertainment center in basement.

Sale Price: $735,000
Real Estate Taxes: $19,718

Featured Listing: 19 Oakstwain Road, Scarsdale
Situated on a peaceful suburban street, nestled in the heart of the Greenacres section of Scarsdale. Renovations include new eat-in-kitchen and all new baths. This home boasts very spacious rooms, hardwood floors throughout and flat private property. Easy access to the elementary school, the Hartsdale shopping area and Metro North station. Learn more here:

List Price: $1,350,000

Featured Listing: 123 Ferndale Road, Scarsdale
Extraordinary new construction with 9'ceilings on first and second floor and high end finishes throughout. Living Room and dining room flow beautifully into large cook's kitchen with center island, breakfast area, family room with fireplace and door to terrace. Master bedroom with tray ceiling has his and her closets with full bath and separate shower. Two additional bedrooms and bath and fourth floor bedroom and bath. Basement will be finished. Hardwood floors throughout. Learn more here:

List Price: $1,399,000