Comparing Real Estate Taxes in Scarsdale and Edgemont
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For those of you bemoaning Scarsdale real estate taxes, check out what your neighbors in Edgemont are paying. Here are just a few listings of comparably priced houses on the market in Scarsdale and Edgemont, with the real estate taxes for each.
5 Pheasant Run: (Edgemont)
List Price: $1,249,900
Real Estate Taxes: $41,000
(pictured left)
44 Montrose Avenue (Scarsdale)
List Price: $1,249,000
Real Estate Taxes: $22,211
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19 Penny Lane: (Edgemont)
List Price: $1,240,000
Real Estate Taxes: $34,920
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39 Huntington Avenue (Scarsdale)
List Price $1,219,000
Real Estate Taxes: $24,245
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However it should be noted that though the taxes on the Edgemont homes are higher, they are both on larger pieces of property. The home on Pheasant Run is on .419 acres, while the similarly priced home on Montrose in Scarsdale is on only .229 acres. So perhaps the sale prices have adjusted to compensate for the tax assessments.
Recent Sales:
55 Griffen Avenue: Lovely brick Colonial set back from street with circular drive on .66 acre with pool. Fifteen rooms with 6,314 square feet of interior space. Grand entry, foyer, powder room, living room, and dining room and modern eat in kitchen with center island and breakfast room, family room with 26’ ceilings, laundry, and two- car garage on first level. Master bedroom with cathedral ceiling and ultimate bath plus three large bedrooms on second floor. Game room, billiard room, and home theatre on lower level.
List Price: $2,150,000
Sale Price: $2,000,000
Real Estate Taxes: $53,800
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313 Heathcote Road: Lovely colonial in mint condition on beautiful level property. Large new eat-in-kitchen with family room, mudroom, and two new baths. Great master bedroom, plus four lovely upstairs bedrooms and a bedroom/office with full bath on first floor. All new windows. Brick patio, basketball court, in-ground sprinkler system, updated landscaping.
List Price: $1,495,000
Sale Price: $1,468,000
Real Estate Taxes: $28,689
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105 Brown Road: Picture perfect Fox Meadow Colonial completely renovated in 2005. Meticulously maintained home features hardwood flooring, crown moldings, surround sound speaker system, built-in cabinetry, custom closets, central air, and a lawn sprinkler system. Outdoor deck overlooks professionally landscaped level yard. Square footage includes 700 square foot legal lower level.
List Price: $865,000
Sale Price: $855,000
Real Estate Taxes: $16,952
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Recent Sales and Seller Safety
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When you list your home, the goal of your real estate agent is to get the maximum number of qualified potential buyers to view your home. Of course, not at the expense of safety! That is why most brokers in Scarsdale are using Electronic Lockboxes. Unlike mechanical lockboxes, electronic lockboxes require a user-specific access card only available to real estate professionals who are members of the Westchester Putnam MLS to access the keys inside. Use of the card allows the lockbox to record the identity of the person accessing the box for every visit. Each card user has their own personal code they must use each time they insert their card to allow access to the lockbox. This prevents the finder of a lost card from using a lockbox to enter a home. Cardholders must recharge their card every three days. When a card is recharged, data is transmitted to a central database and can be accessed by the listing office. Using an electronic lockbox allows a listing agent to make it convenient for all agents to show your home to prospective buyers, thereby maximizing the number of showings while maintaining a detailed account of everyone who has used the key stored in the lockbox.
Market Update:
Currently, there are 136 active listings in the Scarsdale School District. There are 73 listings under contract. 27 of them are in the $1,000,000 to $1,500,000 range. Many of these houses sold with multiple bids. There is high demand for houses ranging from $700,000 through $5,000,000. It is a great time to sell. Interest rates remain relatively low for buyers. Capital gains tax has not been increased this year for long time owners looking to sell. Unlike the national real estate market, the Scarsdale market is thriving and you can feel secure knowing that if you do decide to sell your home, it can be safely shown.
Recent Home Sales:
3 Fairview Court: Windmill Acres: Stunning stone and clapboard Colonial on private cul-de-sac in the Grange. Incomparable craftsmanship with meticulous attention to architectural design and detail. Spectacular crown moldings, 9' ceilings, beautiful hardwood floors, six bedrooms, 4 1/2 baths, Elegant master bedroom suite with balcony, Chef's kitchen and family room with doors to deck. Fabulous third floor option. Basement with 10' ceilings, playroom, media room, exercise room, bedroom with bath, storage and utilities.
List Price: $2,875,000
Sale Price $2,730,000
Taxes: TBD
88 Popham Road: Classic Colonial with French Normandy flair tucked behind high, hand-crafted masonry walls on almost one-half acre in a convenient Fox Meadow/Crane-Berkley location. Grand room sizes and wonderful flow for comfortable living and entertaining. Extra-long windows invite sunlight. Kitchen adjacent to first floor family room with fireplace and sliding doors to the stone terrace and large, flat backyard. Mud room. Closets and storage galore.
List Price: $1,295,000
Sale Price: $1,309,000
Real Estate Taxes: $35,975
17 Innes Road: Custom built center hall Colonial on flat half acre with pool in the heart of Heathcote. Spacious rooms, oversized living room with fireplace, dining room and top of the line gourmet kitchen. Family room with stone fireplace, family room and first floor bedroom. Five bedrooms, three and a half baths. Full unfinished basement.
List Price: $1,599,000
Sale Price: $1,515,000
Real Estate Taxes: $35,500
This information is provided by Laura Miller of Houlihan Lawrence, Scarsdale.
Laura S. Miller
Licensed Associate Broker
Houlihan Lawrence
Cell 914 629 1940
lmiller@houlihanlawrence.com
www.lauramiller.houlihanlawrence.com
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April Real Estate Report
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Real estate statistics for March, 2011 for Scarsdale show that nine homes sold this past month, at a median sale price of $1,051,000. The median sale price is 13.5% lower than March, 2010 and the number of homes sold is 10% lower than March, 2010. The report also shows that there are fewer homes on the market this year, with 111 homes for sale as of March 31, 11.9% fewer than in March, 2010. In Edgemont, only 2 homes sold in March, 2011 and 53 homes are on the market, a 29.3% increase in the inventory over last year at this time.
However, in the last few weeks we’ve seen a burst of activity with many new homes listed. Here are recent sales as well as some current home listings:
Sold:
110 Walworth: (Pictured Above) Lovely 2008 home with classic Georgian Colonial detail is located on a tree lined street convenient to school, train and shops. A gracious flow, generously proportioned rooms, quality construction and details add value to this sun filled beauty. Many special features include Brazilian Cherry floors, two fireplaces, premium materials and fixtures throughout, multi zoned top of the line heat and central air. A 2-car tandem garage enters into great mudroom.
List Price: $2,095,000
Sale Price: $1,900,000
Real Estate Taxes: $41,658
16 Woods Lane: Stately English Tudor with exceptional curb appeal in prime Scarsdale location. Handsome architectural details
List Price: $1,399,000
Sale Price: $1,310,000
Real Estate Taxes: $29,608
20 Springdale Road: Wonderful Colonial with five large bedrooms and 3 1/2 baths in move-in condition. New state-of-the-art eat-in-kitchen with new appliances and Egyptian marble floor. New powder room and master bath. Recently painted, hardwood floors, crown moldings, new wood banister, private flat yard, deep two-car garage and many more exceptional amenities.
Sale Price: $1,200,000
Real Estate Taxes: $30,702
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On the Market:
60 Crane Road: Timeless meets modern in this expanded and renovated 1766 Federal farmhouse Colonial. This 5,500 sq ft home features a master suite with sitting room and luxury bath, five additional bedrooms, five full and one half bath and a 3 1/2 car garage. Redesigned to retain its original character yet with every modern amenity, this unique home is the perfect marriage of form, function and design.
List Price: $2,995,000
Real Estate Taxes: TBD
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5 Rutland Road: Gorgeous bright country English home in the middle of the Cotswold section of Edgemont. Walk to all. Large detailed rooms, classic layout, great kitchen with family area. Spectacular private property with beautiful English style gardens, two- car garage, central air, finished basement, room for pool. Living room with fireplace, window seat and lovely oak detailing including Dutch door to audio closet, moldings, and shelves. Gracious dining room.
List Price: $2,499,000
Real Estate Taxes: $46,262
1 Fenimore Road: Move right into this picturesque Chateau Normandy situated on a private .50 acre just steps from the train and shops. This handsome 5 bedroom 3.1 bath home is rich in architectural detail, offers abundant space, and has been updated to accommodate today's modern life style. Captivating features include an open 3 story staircase, round study/FPL, and impressive loft playroom. Large kitchen boasts premier appliances, butler's pantry, and breakfast room. Master bedroom includes dressing room and luxurious bath.
List Price: $1,395,000
Real Estate Taxes: $23,119
20 Quentin Road: Lovely center hall Colonial on a quiet street in Scarsdale. Huge master features two walk in closets, and a renovated granite bath with Jacuzzi. Hall bath features tumbled marble and Jacuzzi. Huge living room with fireplace features French doors leading to covered porch. Classic sky-lit kitchen with center island opens to 25' great room featuring cathedral ceilings, skylights and French doors to large stone patio and private yard. Three zone central air, two zone heating.
List Price: $1,249,000
Real Estate Taxes: $29,000
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Going, Going, Gone
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More Scarsdale homes may be destined for the wrecking ball. Among the most prominent, is the house at 1 Duck Pond Road. Prospective buyers who were interested in tearing down the house spent considerable time and resources arguing that the home did not meet any of the criteria for preservation and the deadlocked Committee for Historic Preservation failed to vote to protect the home . Empty for several years, the home has become a white elephant, with the new buyers contending that renovating the house would be far too costly.
This past week, the house, which sits on 3.73 acres was sold for $4,750,000 and presumably it will soon be demolished to clear the way for a new house on the Duck Pond. Drive by and take a last look.
The Committee for Historic Preservation will meet on Tuesday night April 26, to consider the fate of five additional homes.
On the hit list are the following:
60 Sheldrake Road: a 1950’s ranch that backs onto Fenway Golf Course
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11 Pinecrest Road: A four bedroom, three bath, 2131 square foot home in Sherbrooke Park
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49 Wildwood Road (no details available)
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Spring Home Sales
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The Spring season is off to a good start and homes are selling steadily. Here are the most current closings: 31 Shawnee Road: Sun-filled stone, stucco and timber Colonial ideally located in Fox Meadow. Generously proportioned rooms, inviting library with bay window, large bright kitchen, lower level playroom with stone fireplace. Elegant staircase with beautiful leaded windows, Extra large two-car attached garage, Great for entertaining.
List Price: $1,250,000
Sale Price: $1,300,000
Real Estate Taxes: $31,141
60 Lincoln Road: Superior craftsmanship in this stunning 2010 home situated on almost a half acre in Heathcote This home features CAC, 4 zones, high performance foam insulation, chef's kitchen, library, butler pantry and sliders from the kitchen and family room to the terrace. The master bedroom features a large bath, fireplace and walk in closets. Second floor also has a sitting area. Lower level includes a playroom, gym, bedroom and bath and 7th bedroom or office. Beautifully landscaped level property.
List Price: $2,790,000
Sale Price: $2,525,000
Real Estate Taxes: TBD
71 Brewster Road: Stately Mediterranean-style Colonial on large level property near Fox Meadow School, 
Village and train. Updated kitchen cabinets with granite counters, updated bathroom. Bright rooms with beautiful hardwood floors. Wonderful, level backyard.
List Price: $1,250,000
Sale Price: $1,150,000
Real Estate Taxes: $23,000
194 Nelson Road: Charming Colonial only two blocks from Edgewood school. Formal dining room and living room with fireplace, updated eat-in kitchen with granite countertops and plenty of closets. Beautifully renovated bathroom, lovely level yard, great curb appeal, and a two-car garage.
List Price: $699,000
Sale Price: $649,000
Real Estate Taxes: $12,276
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