High End Sales Start September
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More home demolitions are on the horizon. The Scarsdale Committee for Historic Preservation met this week to consider the fate of another four homes. On the list for tear down was 36 Garden Road, built in 1967 on 1.32 acres with a pool in the Grange in Greenacres. Pictured here, it was listed for $2,195,000 and is currently in contract.
Also to be demolished is 13 Dickel Road, a 3 bedroom, 3 .5 bath colonial on
Plus another big week of sales in Scarsdale – with many high-end home closings. Here they are:
6 Overlook Road: Meticulously renovated Tudor on .58 acres of landscaped property in Fox Meadow. New eat-in kitchen, new bathrooms throughout, new walk-in closet in master suite, and new dining room. Elegant home with architectural details throughout featuring beamed ceilings and crown moldings. Large patio off the foyer provides full view of large backyard.
Sale Price: $2,950,000
Real Estate Taxes: $42,000
1 Deerfield Lane: Custom renovated in 2005 with fine materials and craftsmanship. Stone and clapboard home with beautiful landscaping, masonry work, outdoor lighting and driveway with Belgian block pavers. Attention to detail and finishes. Sophisticated and luxurious with spacious rooms and flow.
Sale Price: $2,950,000
Real EstateTaxes: $46,425
11 Mayflower Road: Exceptional contemporary design and sleek, high-end finishes define this 6 bedroom, 5.5 bath center hall colonial built in 2009. Crown mouldings, wainscoting and abundant light fill the 5,500 square foot open plan. Designer kitchen with island and eating area, granite counters, Sub-zero, Thermador, Bosch appliances; adjoining spacious family room with fireplace. Beautifully landscaped level .45 acre. Generous California Closets.
Sale Price: $2,350,000
Real Estate Taxes: $47,870
16 Wayside Lane: Classic Colonial on park-like 0.83 acre in Fox Meadow Magnificent setting -great location. Home has almost 5,000 square feet of interior space and include 8 bedrooms and 7 bathrooms. Living room with gas fireplace, two butler’s pantries and back stairs.. Master suite has 2 baths. Three-car garage
Sale Price: $2,725,000
Real Estate Taxes: $47,066
85 Walworth Avenue: This beautiful classic colonial in Greenacres is in a great location. House features spacious, well-proportioned rooms; quality architectural details; great flow; easy access to lovely backyard; fabulous basement; designer Rutt kitchen with new granite countertops, Miele, Viking, Wolf; updated baths; brand-new master bath.
Real Estate Taxes: $31,618
26 Lockwood Road: Beautifully renovated and freshly painted Village Tudor with custom designed stained glass windows, hardwood floors, restored woodwork. Large living room with fireplace. Oversized dining room. Family room with floor-to-ceiling windows. Large eat-in-kitchen next to enclosed porch. Master bedroom with bath, walk-in-closet & office. Three bedrooms, full bath. Attic bedroom and full bath, included in square footage.
Sale Price: $1,335,000
Real Estate Taxes: $29,906
43 Paddington Four bedroom Cape on .46 lush acres in Fox Meadow, Features include Master Bedroom/Bath, Living Room, Formal Dining Room, updated Eat-in Kitchen with granite counters, stainless steel appliances, deck, refinished hardwood floors, two fireplaces, two-car garage.
Sale Price: $1,105,000
Real Estate Taxes: $23,979
435 Fort Hill Road, Edgemont: Picturesque and perfect, beautifully renovated and impeccably maintained Edgemont side hall Colonial. Spacious foyer open to living room with fireplace, Dining room with French doors, eat-in kitchen with granite counters and stainless steel appliances. Washer/dryer, lounge area, sand sliding glass doors to stone patio and yard. Family room, renovated full bath and bedroom on main level. Second floor master bedroom with walk in closet and deck. Renovated full bath with whirlpool tub.
Sale Price: $875,000
Real Estate Taxes: $25,270
Sale Price $830,000
Real Estate Taxes: $19,469
63 Walbrooke, Edgemont: Tudor with four bedrooms and two and half baths on a lovely street within walking distance to train and schools Boiler and roof are 5 years old.
Sale Price: $652,000
Real Estate Taxes: $19,119
Featured Listing: 22 Penny Lane: 
Fabulous Center Hall Colonial set on nearly a half acre property. The oversized rooms and flexible floor plan offer a great setting for entertaining and comfortable living. Living room with fireplace, family room and kitchen with breakfast area both opening to a spacious deck. Convenient to school, train and shops. Learn more here:
List Price: $899,000
Featured Listing: 17 Hillburn Road:
Enjoy privacy and space in this classic Center Hall Colonial nestled on a cul-de-sac. Spacious living room featuring a fireplace and doors opening to the patio, kitchen with breakfast area and family room with skylights. Large rooms and wonderful architectural details throughout. Walk to schools. Learn more here:
List Price: $699,000
More, Bigger, Better?
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If housing starts in Scarsdale are a bell weather of the state of the economy, it looks like things are looking up in our neck of the woods. Construction abounds around every corner – with bigger homes replacing the Village’s original housing stock. On the one hand, the owners of these large new homes will pay increased real estate taxes and help to fund the Village’s bottom line. On the other, the expansive new homes eat up open space and result in the destruction of trees. Bigger may be better for some, but not if you live next door:
Here are just a few examples of what came down and what’s going up in its place:
10 Normandy Lane: The original 1928 home on this 3 acre property was set far back from the road and surrounded by a
Here are photos of the two new homes under construction on the lot.
Down the street there is new construction at 24 Richbell Road, where a large white colonial has replaced a 1926 white stucco home. The house is already built and plans have been approved for a pool and a tennis court on the almost 2 acre property that was purchased for $3,625,000 in 2011.
See things going up and coming down in your neighborhood? Send pictures and comments to Scarsdalecomments@gmail.com.
Featured Listing: 26 Murray Hill Road:
Constructed in 1925 and meticulously updated, this all-brick six bedroom Georgian Colonial is set on 1.1 beautifully landscaped acres with secluded pool and pool house. Grand reception hall with columned staircase, modern kitchen with separate breakfast room and family room with full bath. A home for a lifetime.
Learn more here:
List Price: $4,650,000
Featured Listing: 132 Longview Drive
Great potential abounds in this traditional Center Hall brick Colonial. The wonderful floor plan offers a welcoming entry, living room with fireplace, dining room and sun drenched kitchen. Hardwood floors. Close to school and transportation.
Learn more here:
List Price: $500,000
New Real Estate Tax in Effect in 2013 and More Sales
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A new 3.8% tax on some real estate transactions will go into effect in January, 2013. The tax was passed by Congress in 2010 to generate income for healthcare. The tax will be imposed on capital gains from real estate sales for individuals who earn more than $200,000 and couples who earn more than $250,000. For individuals there is a tax exemption of $250,000 in gains and for couples, only gains above $500,000 will be subject to the 3.8% tax.
We asked local attorney Keith Schutzman for an explanation and here is what he shared:
I think the tax will have a small effect on the residential market in Scarsdale. The tax, intended to provide additional funding to the Medicare trust, applies only to taxpayers whose adjusted gross income (AGI) exceeds $200,000 for individuals, and $250,000 for married couples filing jointly. It applies to certain types of investment income, dividends and capital gains. The main reason I believe the tax will have a minimal impact is that with respect to sale of a principal residence, the existing exemption is $250,000 of gain for individuals and $500,000 of gain for married couples filing jointly. That exclusion eliminates the vast majority of sellers from any liability for the tax. Clearly there are potential sellers in this area who will have potential liability. There are some long time homeowners that will have that type of gain. However, my feeling is that even for those homeowners, the amount of tax (3.8% of the gain over $500,000) is not going to deter them from selling. For most, the personal reasons that go into a decision to sell after many years of ownership (health reasons for instance) for selling will outweigh the effect of the tax.
So what’s the bottom line? If you have realized a large gain on your home and are considering a sale, you might want to list your home sooner than later to avoid the tax.
In the meantime, here are this week’s sales.
28 Franklin Road: (Pictured above) Spacious, sunny Colonial is on flat 1/2 acre in move-in condition. Beautiful kitchen with granite counters, SubZero frig, and sliding door to deck overlooking the property. The master suite includes a large marble bath and large walk-in closet. Charming home on one of Scarsdale's prettiest streets.
Sale Price: $1,600,000
Real Estate Taxes: $38,122
2 Bansom Road: Elegant center hall Colonial with nine foot ceilings on first floor, wainscoting in center hall and dining room, extra large garage and laundry room. Slate patio off kitchen. Nine foot ceiling in master suite. 1,000 square foot finished basement. 3-zone heat and cac. Cook's kitchen with large center island and stainless steel appliances. Sun-filled home with large rooms.
Sale Price: $1,500,000
Real Estate Taxes: $34,259
168 Johnson Road: Young Edgewood Colonial. Open kitchen/family room with woodburning fireplace. Spacious master suite with skylit bath and 3 large closets including a walk-in closet. All Anderson windows, hardwood floors thru-out, 3-zone sprinkler, 3-yr Timberline roof, updated baths, new water heater, new appliances, refinished deck, newly fenced in yard. Finished lower level with playroom, maid's room and many closets.
Sale Price: $895,000
Real Estate Taxes: $19,213
209 Glendale Road, Edgemont: Newly renovated and expanded four-bedroom Colonial with wonderful flow in ideal location. Designer's own kitchen (2004) with high quality cabinets, granite counters, stainless steel appliances, island with breakfast bar and eat-in area with French doors to spacious deck and flat yard. First floor includes cherry floors and oversized family room with high ceilings open to kitchen. Master bedroom with soaring ceilings, walk-in closets and luxurious bath.
Sale Price: $1,285,000
Real Estate Taxes: $34,795
580 Fort Hill Road, Edgemont: This sunny colonial just had a makeover! Freshly painted inside and out, and recently updated with a newer look. Five bedroom home on a lush .36 acres offers versatile space for today's savvy buyers. Central AC, first floor master bedroom and bath and 2-car attached garage.
Sale Price: $557,000
Real Estate Taxes: $26,353
End of Summer Sales and the Fall Forecast
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A few more homes closed this week, just in time for the opening of school. Now that the summer rush is over, we asked Lewis Arlt, Brokerage Manager at Houlihan Lawrence in Scarsdale for his take on what the fall will bring, and here is what he shared: Nationally, market forecasts are optimistic. Contract signings rose 2.4% in July, to the highest level since April 2010. Closed sales were up 10.4% over last year. Positive numbers are reflected locally as well. In Scarsdale, supply vs. demand ratios remain strong, with 115 Active listings in Scarsdale, compared with 142 last year at this date. And 52 properties in contract, as compared to only 41 last year. This is a significant improvement in the supply demand relationship, which indicates liquidity is growing and the market is strengthening. Prices year to date held at close to the same Median number as 2011, at $1,295,000. Edgemont shows a marked increase in sales over last year - up from 56 to 86 year to date. Although properties priced at the high end are still sluggish. New listings seem poised to enter the market place, buyers and tenants are out looking, and we anticipate a very active fall.
Here’s what sold this week:
41 Murray Hill Road: (Pictured above) A private and secluded retreat on 2 plus acres in Murray Hill. Custom built contemporary of steel, stucco and copper inspired by Frank Lloyd Wright. Built in 1982, and renovated since, this home offers a pond and golf course views, 3 sandstone patios, lawns of blue grass, heated Shoreline pool, 4 car garage, High ceilings, large rooms, walls of glass with views of nature-sunny, bright and private and quiet with an extra building
Sale Price: $2,880,000
Real Estate Taxes: $67,197
41 Butler Road: Elegant Tudor on .39 acres in Fox Meadow. This centrally air conditioned home has a large living room and dining room, Chef's kitchen with access to a patio for outdoor cooking and dining, 2 maid's rooms and bath off the kitchen, a library with generous built-ins, as well as a family room and designer powder room. Upstairs are four generous sized bedrooms with updated bathrooms.
Sale Price: $1,682,600
Real Estate Taxes: $44,120
11 Butler Road: Sun-filled Tudor on picturesque property in Fox Meadow. This enchanting home has been beautifully renovated. Gourmet kitchen adjoins sky-lit dining room with doors to stone patio and yard. Elegant living room ideally suited for gracious living and entertaining. Master bedroom has two walk-in closets and spa bath.
Sale Price: $1,525,000
Real Estate Taxes: $33,000
20 Fenimore Road: English stucco center hall Colonial in Fox Meadow on .40 acre property with big backyard. Chef's kitchen with center island and separate breakfast area, two fireplaces, elegant library plus large family room. New CAC, upgraded electric, radiant heat, hardwood floors, new security alarm system, updated baths, professionally landscaped and new exterior accent lighting.
Sale Price: $1,325,000
Real Estate Taxes: $27,837
148 Nelson: Inviting Tudor built in 2007 with quality construction and many fine upgrades. Versatile great room with a soaring ceiling. Gourmet cook's kitchen with granite counters, custom cabinetry and Viking appliances. Four bedrooms with two full marble baths on the second floor. Two fireplaces. Spacious lower level contains storage room , recreation room and bath.
Sale Price: $975,000
Real Estate Taxes: $25,608
238 Rock Creek Lane: Immaculate home in Secor Farms. Enjoy one floor living, conveniently located, near park and transportation. 3 bedrooms, 2 bath, hardwood floors, playroom and exercise room.
Sale Price: $790,500
Real Estate Taxes: $20,000
7 Glenwood Road, Edgemont: Light and bright three bedroom Tudor with classic architectural details and old world charm. Hardwood floors, steel casement windows, beautiful living room with wood and stone trimmed fireplace, Formal dining room, eat-in-kitchen, master suite and 2 spacious bedrooms on 2nd level, a lovely room with full bath and walk-in closet on 3rd level, perfect for au pair or teen, Four outdoor patios; lushly landscaped private grounds with incredible views.
Sale Price: $934,000
Real Estate Taxes: $26,998
65 Walbrooke, Edgemont: A sparkling gem walking distance to schools K-12, train, Village and Crane's Pond. Lovely gardens and patio, new top notch eat in kitchen, generously proportioned living room with fireplace, large formal dining room, den, New powder room on first floor. Up to master bedroom with gorgeous new bath, 3/1 (updated bath).
Sale Price: $840,000
Real Estate Taxes: $20,094
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Featured Listing: 220 Ferndale Road:
Lovely expanded Ranch featuring two new additions. Bright living room with charming fireplace, dining room with banquette and wonderful open kitchen and family room. Large master bedroom with three further bedrooms plus den that can be a potential fifth bedroom. Enjoy the convenience to the train and bus.
Learn more here
List Price: $799,000Featured Listing: 5 Eaton Lane: 
Nestled on a private .62 acre with pool, this three bedroom home offers a freshly painted interior and sparkling refinished floors. The entry hall opens to a spacious living room with fireplace and cathedral ceiling, modern kitchen and family room both with doors opening to the patio plus a large finished lower level.
Learn more here:
List Price: $799,999
Welcome Your New Neighbors to Town
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Home sales continue at a strong pace this week – so we asked a few local brokers to comment on the volume. Jason Wilson, Brokerage Manager of Julia B. Fee Sotheby’s in Scarsdale said, “This year the mild winter, record low interest rates and strong economy has created a 12 month real estate cycle. Real estate is no longer just the spring market. In just two weeks, sellers will have a second chance to sell their home in the fall market allowing buyers to take advantage of record low rates. For sellers in Scarsdale who will soon will be affected by the 3.8% tax, this is their opportunity to sell in 2012.”
Also looking toward the fall, is Mark Nadler, owner of Prudential Centennial Realty in Scarsdale said Larchmont. He said, “I anticipate an active fall market as buyers and sellers continue to evaluate the business news and continue to hear positive signs about the real estate market in general. If consumer confidence improves, the fall market will be strong. If not, people will become more focused on the upcoming elections and economic news from Europe will dominate the general climate and buyers and sellers may chose to wait until 2013 to decide whether to complete a real estate transaction.”
Here are this week’s sales:
7 Tory Lane: (Pictured above) Renovated, Fox Meadow Center Hall Colonial. Gourmet kitchen with great room, additional family room, media room on the first floor, all custom baths, large bedrooms, large master bedroom suite with marble bath with whirlpool and shower. Digital entertainment system throughout house. Professionally landscaped park-like property with a patio off kitchen, dining room and family room.
Sale Price: $2,490,000
Real Estate Taxes: $34,000
127 Brown Road: 1989 Fox Meadow modern home. Views of the Crane Berkeley woods. Highlights include multiple balconies, a two-story living room with fireplace, windows galore, marble floors, glazed painted and venetian plastered interior walls, 250 square feet lower level with a family room, den, fourth bedroom and a full bath with a sauna.
Sale Price: $1,210,000
Real Estate Taxes: $25,822
22 Doris Road, Mamaroneck: Colonial on park-like .52 acre. Updates include conversion to gas, new roof, gourmet eat in kitchen, refinished floors, new furnace, new AC, new boiler, new alarm system, updated bath rooms, leveled back yard. Playroom in basement. Bedroom and bathroom off the kitchen.
Sale Price $1,120,000
Real Estate Taxes: $23,339
1 Black Walnut Road: Skylights and oversized doors to deck, gourmet kitchen, custom cabinetry and top of the line appliances, family room with fireplace, dining room, living room with fireplace and master bedroom all open to the deck that leads to a private, level backyard. Master bedroom features 2 full baths ensuite, plus library or nursery. Home situated on a cul-de-sac with circular drive. Maintained with new waterproofing, upstairs windows with black out shades, upstairs AC unit, gutters and leaders.
Sale Price: $1,800,000
Real Estate Taxes: $35,833
5 Spruce Lane: 2007 Center Hall Colonial located at the end of a cul-de-sac. Nine foot ceilings on the 1st and 2nd floor, coffered ceiling in dining room, hardwood floors throughout, crown moldings, his and her walk in closets and a gourmet kitchen with granite counter tops, Sub Zero, Viking cooking center, sliding glass door to large deck.
Sale Price: $1,565,000
Real Estate Taxes: $34,785
25 Boulder Brook Road: Quaker Ridge home near Corell Park. Large center hall with a circular staircase and a designer marble floor, lots of custom built-ins, master bedroom walk-in closets, guest room and laundry on the first floor, kitchen with lots of cabinets, and attached family room with a fireplace, a bonus room on the second level (includes a TV area).
Sale Price $1,555,000
Real Estate Taxes: $34,000
14 Carthage Lane: This custom split features numerous updates including a 2004 gourmet kitchen, baths renovated in 2001, and a new roof in 2011!.
Sale Price $850,000
Real Estate Price: $25,571
383 Heathcote Road: This open layout offers an entrance hall, a living room with a fireplace, a large formal dining room, and an updated eat in kitchen. Second level includes three bedrooms with an updated hall bath, master bedroom with three walk in closets and a large bathroom (whirlpool and shower) Large playroom, office, bedroom with new a new bath, two car garage, glass enclosed porch. Many updates including the roof, furnace, central air and windows.
Sale Price $1,200,000
Real Estate Taxes: $27,769
Edgemont:
20 Paxford Lane: Spacious Tudor in Cotswold on .32 acres. Home is 4,136 interior square feet, not counting large basement Living room with fireplace, screened porch, custom kitchen, large dining room and family room. Master bedroom with bath plus four additonal bedrooms with two baths. Heated two-car garage, patio, half court basketball court, large sideyard.
Sale Price: $1,250,000
Real Estate Taxes: $34,294
22 Glenwood Road: Edgemont: Magnificent five-bedroom brick Colonial with classic architectural details and old warm charm. Entry foyer, hardwood floors throughout, beautiful living room with fireplace, formal dining room, gorgeous eat-in-kitchen leads to family room, master bedroom with in-suite bath, walk-in closets and built-ins, two spacious bedrooms, bath, 2 additional bedrooms s on the third level, lower level family room or playroom, Large, private patios overlook lushly landscaped gardens and mature trees.
Sale Price: $985,000
Real Estate Taxes: $24,242
2 Warnke Lane: Sunny, immaculate ranch with soaring ceilings in living and dining rooms. Spacious modern kitchen, hardwood floors, abundant closets, luxurious master bath, all new bedroom windows and carpet. Large deck overlooks .5 acres of landscaped level back property. Two-car garage.
Sale Price: $690,000
Real Estate Taxes: $24,721
12 Westminster Road: Sun-filled Edgemont ranch. Renovated kitchen with stainless steel appliances. Living room with fireplace, new mantle piece, new hardwood floors, three new baths, new 2 zone heating, new CAC; all done with an eye for detail and quality. Private and usable backyard. Easy expansion possibilities for adding second floor.
Sale Price: $700,000
Real Estate Taxes: $19,831
---------------------------------------------------------------------------------------------------------------------------------------Featured Listing: 21 Cooper Road
Meticulously restored grand English Tudor set on 1.2 beautifully landscaped acres with guesthouse and room for a pool. Boasting a rare blend of old world craftsmanship and modern skill, this house offers extraordinary charm, impeccable comfort and abundant space. Highlights include soaring ceilings and four fireplaces. Learn more here :
List Price: $3,965,000
Featured Listing: 7 Hampton Road
Majestic Fox Meadow Tudor featuring 3,392 square feet of interior living space. Highlighted by a stunning staircase, the circular entry opens to grand first floor entertaining spaces with wonderful architectural details. Seven bedrooms, renovated kitchen and baths plus sauna. Learn more here :
List Price: $2,250,000
