How is the Real Estate Market Doing?

As real estate agents, part of our job is to be on top of the real estate markets that we work in. We need current market data so we can identify market trends so that we can provide valuable advice to our buyer and seller clients. One of the tools we have developed we call Market Snap Shots. Each ‘snap shot’ isolates the market data for a specific location and tracks it over a ten-year period.

We would like to share a sampling of our snap shots updated through August 31 with you. If you click on this link, it will open an excel work book with 6 separate sheets. Each sheet is for one of the specific markets we work in. The sample markets we selected are:

Bronxville Village single family homes (not including townhouses)
Bronxville PO area of Yonkers single family homes
Eastchester school district single family homes
Tuckahoe school district single family homes
Crestwood single family homes – City of Yonkers with 10707 zip code
Scarsdale school district single family homes

These sheets are packed with information. On each sheet, take a look at the column headed Median Price. As you scan down this column you will get a feel for where prices are heading in that market. In Bronxville Village, Bronxville PO and Scarsdale, you can see that the median prices have been dropping for each of the past two to three years. Conversely in Eastchester, Tuckahoe and Crestwood median prices are holding steady. The trend is that more expensive markets are experiencing price resistance.

Another key data point is the Total # of Sales column. In some cases, this simply indicates a lack of homes coming on the market. In most cases it will tell you how strong demand is in that location.

If you would like more info on these markets or are interested in another market, just let us know.

Copy of Market Snap Shot#1 9.4.19

August 19, 2019

Houlihan & O’Malley’s Real Estate activity-JULY 2019 Hard to Believe-Summer is half over!

July Real Estate Activity

NEW REAL ESTATE LISTINGS:

10 Huntwood Place, Mt. Vernon (3 Bed/2 Bath) Listed at $649,000

Fabulous Tudor in the desirable Huntswood area of Fleetwood has been meticulously updated. Walk to the Fleetwood Metro North station, Pennington School and the many shops & restaurants in Fleetwood & Bronxville.

6 Midland Gardens #2E, Bronxville (1 Bed/1 Bath) Listed at $279,000

Simply Perfect! Be the first to live in this completely renovated apartment in this sought-after Bronxville complex. Less than a five-minute walk to Bronxville shops, restaurants, and the Metro North station.

632 Palmer Road #9P, Yonkers (2 Bed/1 Bath Co-op) Listed at $199,000

MOVE IN CONDITION. GARAGE PARKING SPACE #28 INCLUDED. AND A POOL IN THE COMPLEX! What else could you ask for? Three-minute drive/1 mile walk to Bronxville Metro North Train Station. Close to restaurants, shops, transportation, and so much more!

100 Theodore Fremd Drive #A2A, Rye (1 Bed/1 Bath Condo) Rental-Listed at $2150/month

This listing was put on the market last month, ‘For Sale’. This month ‘For Rent’. Conveniently located close to everything in Rye. This cozy unit offers an open floor plan, hardwood floors throughout, a large living room, dining area and features a rustic exposed red brick wall with working fire place and its own private terrace. And comes with a parking space!

66 Palmer Avenue Unit #27, Bronxville (Office Space)

REAL ESTATE IN CONTRACT:

9 Leone Close, Scarsdale (6 Bed/4 Bath) Listed at $1,140,000

Edgemont home with attached guest suite. This move-in-ready Mid-Century Modern home located in a cul-de-sac features an open and airy main residence. Easy living, walk to everything!

12 Dorchester Road, Eastchester (3 Bed/2 Bath) Listed at $699,000

This split-level home was built in 1955 and sits comfortably on a corner lot in one of Eastchester’s loveliest neighborhoods. Lots of updates!

240 Carol Avenue, Pelham (3 Bed/1 Bath/1 Half Bath) Listed at $599,000

Beautiful sun filled home located on the corner lot in the heart of the village. Walk to Pelham train station (3 blocks away) with an easy commute to NYC — Grand Central Station only 30 minutes. Convenient to major highways and walk to village, schools, shops and restaurants.

2 Consulate Drive #1C, Tuckahoe Po/Eastchester (2 Bed/2 Bath) Listed at $477,500

Completely renovated spacious unit is in a gated community; has wonderful seasonal water views. Short walk to the Tuckahoe Metro North Station. The complex has 24-hour security, an outdoor pool and assigned parking. This complex has it all!

1200 Midland Avenue #7F, Bronxville PO/Yonkers (1 Bed/1 Bath) Listed at $225,000

Move in ready spacious sunlit apartment in sought after doorman building. Welcome to Bronxville Knolls Tower where living is easy.

3850 Hudson Manor Terrace Unit LE, Bronx (1 Bed/1 Bath) Listed at $179,000

This unit is nestled on the first floor of a well-maintained building in the heart of Riverdale. This building offers a fully equipped gym, community room, laundry room and an 18-hour doorman. Walk Score of 74!

REAL ESTATE CLOSED:

61 Waterside Close, Eastchester (3 Bed/2 Bath/1 Half Bath) Listed at $818,000

Welcome to Lake Isle w/24-hour security, community pool, lake view & lake enjoyment. This sun-drenched & spacious 3-level townhouse has lots to offer. Enjoy resort living close to Manhattan.

52 Vernon Place, Mount Vernon (3 Bed/2 Bath/1 Half Bath) Listed at $595,000

A stately Tudor home, in the heart of Fleetwood! Located on a tranquil tree-lined street, this impeccable stucco beauty will continue to impress for decades to come. All that this home is missing is YOU!

56 Pondfield Road W. #3B, Bronxville PO/Yonkers (2 Bed/1 Bath) Listed at $375,000

Great location! Close to METRO North train station with service to Grand Central Station in 30 minutes. Pre-war charm includes picture moldings and refinished hardwood floors. Close to everything Bronxville has to offer!

900 Palmer Road #9J Bronxville PO/Yonkers (2 Bed/1 Bath) Listed at $277,500

Lovely natural light, spacious apartment in sought after doorman building. Move-in Ready. Welcome to Bronxville Knolls Tower where living is easy.

It’s been a busy month at Houlihan & O’Malley, but we always have time to help and chat with new clients. Call us anytime!

August 13, 2019

Bronxville, NY – Discover a Wonderful Place to Live!

Manhattan, and even nearby boroughs, have become somewhat undesirable to many potential homeowners due to the limited inventory and other factors such as noise and traffic. For those that may be looking for a desirable neighborhood without all the hustle and bustle of Manhattan, look no further. Bronxville is a great neighborhood with amazing schools, an easy commute and lovely downtown area. Bronxville Village covers one-square mile in the town of Eastchester, in the County of Westchester just 15 miles north of Manhattan.

Many first-time homeowners or families make up a portion of the approximate population of 6500. ‘Charm’ and ‘convenience’ are some words residents use to describe the neighborhood. With a walkable downtown and a tight knit community, Bronxville proves to be quite a welcoming place. In a time where our world can seem hectic, Bronxville provides a comforting environment where residents are said to truly embrace everyone.

Bronxville’s busy downtown covers several blocks around the Metro-North Railroad station. Homes range from various price points and from several acre lots to condominium buildings to townhomes – there is something for everyone. In a recent New York Times article, Gerry Iagallo, the village’s assessor, said there are 1,149 single-family homes and 25 multi-family homes, as well as approximately 800 cooperative apartments in 26 complexes and 216 condominiums in five complexes. There are also 12 rental complexes with roughly 271 apartments. Mary Marvin, the Mayor, noted that 40 percent of the residents live in co-ops, condos or apartments.

You can read more about Bronxville in this article from the New York Times – https://www.nytimes.com/2019/07/31/realestate/bronxville-ny-an-affluent-village-15-miles-from-manhattan.html

Our office is located right in Bronxville. Contact us today to learn more about us and the lovely Village of Bronxville!

July 25, 2019

Financing and Closing – The Final Step

The past few months we have shared tips on purchasing a home. This month we will cover the final steps – financing and closing.

After you have found the house, Condo or Co-op that is perfect for you, it is time to get your finances and mortgage options in order. It is actually very smart to have a pre-approval ready to go. Once you have a fully executed contract of sale, it is time to go back to your lender to formally apply for the mortgage. There is quite a bit of documentation to be provided to the mortgage lender, but don’t let it intimidate you. These documents are provided to the lender so they can properly underwrite the loan. Some documents you will need are your last two years’ tax returns, recent pay stubs, brokerage statements, etc. For a full list, contact your lender to ensure you have all the proper documentation on hand.

Lastly, it is time to close! First you want to order a title search. This is a historical review of all legal documents relating to ownership of the property. Typically, your attorney will order the title report for you. You must also obtain a homeowner’s insurance policy. And don’t forget New York State has a ‘mansion’ tax, this is a one percent tax on homes selling for $1 million or more. Once these items are in place, it’s time for the ‘final walk through’ of your new home. Your Realtor will do this with you. This is very important as it is the last chance for you to review any issues right before or at the closing such as a drippy faucet or cracks or patches left uncorrected. The closing is usually held the lender’s attorney’s office and is attended by the seller’s and buyer’s attorney, the mortgage banker, and of course, the sellers and buyers and their respective Realtors. All this just to make sure all the appropriate paperwork is signed off on. Once that is completed, it’s time to move in so don’t forget the keys!

At Houlihan & O’Malley, we offer lots of insight right on our website and various blog posts regarding this topic and lots of other info. So, feel free to do a little web browsing. It’s important to make sure you have the most up-to-date information regarding the home buying process and it can be overwhelming. If you still have questions, our highly qualified team is available to assist you directly. Give us a call. We are happy to help!

July 10, 2019July 10, 2019

Houlihan & O’Malley’s Real Estate activity- June, Summer has arrived!

NEW REAL ESTATE LISTINGS:

1 Cedar Street #3A, Bronxville (2 Bed/1 Half Bath Condo) Listed at $695,000

Be at the center of Village life and stroll to every convenience that Bronxville has to offer and only one block to Bronxville School! Apartment has been completely updated with an elegant white marble bath, refinished floors and fresh paint. Walk to everything!

31 Pondfield Road West #54, Bronxville PO/Yonkers (2 Bed/1 Bath Co-op) Listed at $325,000

Wonderful Coop in sought after Tudor Arms. The unit is located on the 5th floor of this classic Pre-War elevator building. Unit features a large living room, an updated eat in kitchen and bath. Additional features-9 foot ceilings, picture moldings, cedar lined closets, and oak hardwood floors with mahogany trim. Walk to everything!

100 Theodore Fremd Drive #A2A, Rye (1 Bed/1 Bath Condo) Listed at $299,000

Welcome to Rye City-“Walk Score” of 85!! Conveniently located close to everything in Rye. This cozy unit offers an open floor plan, hardwood floors throughout, a large living room, dining area and features a rustic exposed red brick wall with working fire place and its own private terrace. And comes with a parking space!

REAL ESTATE IN CONTRACT:

39 Clinton Street, Mt. Vernon (3 Bed/2 Bath/1 Half Bath) Listed at $685,000

Ideal walking location on the prettiest street in Fleetwood! Catch Metro North at either Fleetwood or Bronxville after a brisk morning walk from your new home. This classic center hall Colonial has so much to offer. When you see the gorgeous oversized yard you will fall in love. It is beautifully landscaped with amazing privacy. Walk to everything in Bronxville!

REAL ESTATE CLOSED:

80 Parkway West, Mt. Vernon (4 Bed/2 Bath/1 Half Bath) Listed at $740,000

This classic Aubyn Manor Tudor home has wonderful curb appeal. including tapestry brick, a magnificent chimney and a sloping roof. Set on almost 1/4 level acre, the home has established gardens; an expansive deck and a fenced private yard. Interior rooms display arched doorways, detail moldings and magnificent light. Easy walk to Bronxville Village and train.

804 Bronx River Road #5D, Bronxville PO/Yonkers (2 Bed/1 Bath Co-op) Listed at $189,000-sold over asking

Move right in to this fully renovated, bright and spacious unit. Brand new updated kitchen and bath. The unit has been freshly painted, has handsome hardwood floors and great closet space. This beautifully maintained elevator building features an updated lobby and entrance. Walk to everything including the Fleetwood Metro North Station!

553 Sierra Vista Lane, Valley Cottage (2 Bed/2 Bath) Listed at $289,000

Tastefully updated condo in the well sought after Mountainview Condo Community of Valley Cottage. This top floor corner unit has hardwood and Pergo flooring throughout, Crown Molding, Fire place and Built-Ins in Living Room. Located near the clubhouse with a beautiful view of the Hudson River.

64 Sagamore Road #H5, Bronxville (1 Bed/1 Bath Condo) Listed at $395,000

One of the few condominiums in Bronxville. This complex has just undergone a complete court yard renovation with all new stairs and walk ways. This renovated unit has both east and west exposures and a wood burning fireplace. Walk to everything in Bronxville. Dogs are welcome! Renting is allowed – fantastic investment opportunity!

282 Brookline Avenue, Hawthorne (4 Bed/2 Bath) Listed at $479,000

This home is situated on a level corner parcel enabling potential expansion possibilities. Present owner is only the second owner. Home shows well, just needs your touches to make it yours. Full basement with bathroom. Updates include Central Air and Double pane windows.

151 Pennsylvania Avenue, Tuckahoe PO/Yonkers (5 Bed/2 Bath/1 Half Bath) Listed at $680,000

Ideally located Crestwood home is on the market for the first time in over 50 years with over 3,100 square feet of living area. There is an impressive entry foyer that opens to a large living room with herringbone floors and a fireplace; French doors lead to a formal dining room. A truly lovely home!

55-59 Rogers Street, Tuckahoe (Land) Listed at $329,000

Houlihan & O’Malley covers it all in the Real Estate World – Residential/Commercial/Commercial Appraisals/Private Lending

You have real estate questions, we have answers.

June 19, 2019

Understanding Your Credit Score

What Roles Does Your Credit Score Play

Many factors come into play in the process of buying a home. One of the key factors is your credit. Your credit score is one of the major components that lenders look at when evaluating your mortgage application. Having a low credit score will not completely ruin your chances at buying a home, but it will affect the interest rate of your mortgage. Before starting your search, we recommend that you check your credit score. Pull all three reports (Experian, Transunion & Equifax) to make sure that they are aligned. If you have lower credit, tackling some issues beforehand could help to raise your score and ultimately lower the interest rate. Aside from a higher interest rate, a lower credit score will also show a risk to lenders causing them to be more stringent on other areas of your finances.

Talk to your Realtor to learn about the various types of loans. For example, a conventional loan (the most popular) will work for applicants with a credit score as low as 620, but may have additional requirements such as a lower debt to income ratio. Another option is an FHA loan which is government-insured to help assist first time home buyers. With FHA, borrowers need a minimum FICO score of 580 to get FHA’s maximum 3.5 percent financing. However, a credit score of 500 is accepted with at least 10 percent down.

It is important to do your own due diligence before initiating the search for buying a home. Pull your credit report and check for any errors that may have occurred. Some other tips include not closing credit lines once paid off; avoid opening any new credit lines during the home buying process and when your credit has improved, rate-shop within a 30-day window. Spreading out all the inquiries can hurt your score. Managing you credit (score) takes time and effort, but it is well worth it, especially if your planning on buying a house.

Contact Houlihan O’Malley today and let one of our trusted agents assist you in purchasing your new home. We can even refer you to some excellent mortgage professionals.

June 10, 2019

Houlihan & O’Malley’s Real Estate activity-May (what an interesting month, weather-wise!)

NEW REAL ESTATE LISTINGS:

39 Clinton Street, Mt. Vernon (3 bed/2 Bath/1 Half Bath) Listed at $685,000

REAL ESTATE IN CONTRACT:

80 Parkway West, Mt. Vernon (4 Bed/2 Bath/1Half Bath) Listed at $740,000

Classic Aubyrn Manor Tudor home with storybook charm. Set on almost 1/4 level acre, the home has beautiful gardens; an expansive deck and a fenced private yard. Interior rooms display arched doorways, detail moldings and magnificent light. The living room features an exquisite wood burning fireplace which opens up to both the formal dining room and a lovely sun room. The eat-in kitchen has granite counter tops and sliding doors to the deck and yard. The basement has nice storage space and a laundry room that opens to the attached two car garage. Outstanding location with a quick walk to all Bronxville Village and Metro North.

63 Wallace Street, Tuckahoe (4 Bed/2 Bath) Listed at $649,000

This is a prime two family on an oversized lot. Walk to all in the village of Tuckahoe. Special features include updated kitchens and baths with laundry in each unit. Great yard and outdoor space with a detached garage. A great buy!

52 Vernon Place, Mt.Vernon (3 Bed/2 Bath/1Half Bath) Listed at $599,000

A stately Tudor home, in the heart of Fleetwood! Located on a tranquil tree-lined street, this impeccable stucco beauty will continue to impress for decades to come. Enter into the foyer, where you’ll drop your keys on the side table, and explore the large, open living room, with gorgeous wood-burning fireplace and wood floors throughout. Continue thru the French doors into the spacious formal dining room. On to the updated eat-in kitchen, with pantry and access to the backyard and detached garage. Lots of storage in the attic and basement. Solid construction throughout-built to last!

56 Pondfield Road W. #3B, Bronxville PO/Yonkers (2Bed/1Bath) Listed at $369,000

Great location! Walk to everything in Bronxville including Metro North Station. A pet friendly building. Newly renovated eat-in kitchen (quartz countertops, new cabinets, new backsplash, new stainless steel appliances); kitchen opens to the dining area and large living room with picture moldings and refinished hardwood floors. Walk to everything in Bronxville! Elevator building! Priced to sell! Just unpack…

900 Palmer Road #9J, Bronxville PO/Yonkers (2 Bed/1 Bath) Listed at $285,000

Move right in to this freshly painted sunlight unit. The Winchester is a desirable doorman building just 3 blocks to the Village of Bronxville and all that it offers including Metro North, Starbucks, movies, library, an array of restaurants and delightful shops.

804 Bronx River Road #5D, Bronxville PO/Yonkers (2 Bed/1 Bath) Listed at $189,000

Move right in to this fully renovated, bright and spacious unit. Brand new updated kitchen with gorgeous cabinetry, granite counter tops, and stainless steel appliances as well as an updated bath. The unit has been freshly painted, has handsome hardwood floors and great closet space including a pantry closet in the kitchen. This beautifully maintained elevator building features an updated lobby and entrance.; five minute walk to shops and restaurants and minutes away from major highways and the Cross County Mall. Ten minute walk to the Fleetwood Metro North Station!

2 Louisiana Avenue #3A, Bronxville PO/Yonkers (2 Bed/1 Bath) Listed at $169,000

This co-op is quieter than most due to its corner location. Featuring a nice-sized foyer with closets, a dine-in-kitchen and generous living room. Beautifully maintained building (with elevator) is pet friendly with on-site storage room and common laundry. You can walk to downtown Fleetwood, Bronxville Village, choice of shops and Metro North Railroad. Steps away is a tree-lined. A great value!

16 Hendrick Lane #42T, Tarrytown (1 Bed/1 Bath) Listed at $129,000

Renovated & move-in ready garden style unit has its own private entrance located in the historic Village of Tarrytown. Renovations include granite countertops, new kitchen cabinets, SS appliances, new backsplash, refinished hardwood floors, new bath & new light fixtures. Complex exterior has been renovated and the garden courtyard is meticulously maintained. Tappan Court is conveniently located near Tarrytown Metro North RR with a 35-minute commute to Grand Central Station.

All you need is your suitcase!

REAL ESTATE CLOSED:

42 Edgewood Avenue, Mount Vernon (5 Bed/4 Bath/1 Half Bath) Listed at $1,350,000

Very special Arts and Crafts home located in the desirable enclave of Aubyrn Manor. Tranquil and serene setting on a park like half-acre lot just a few blocks from the village of Bronxville.

1 Scarsdale Road #421, Tuckahoe (3 Bed/2 Full Bath/1 Half Bath) Listed at $825,000

Spacious and Bright, well maintained Condo in the village of Tuckahoe. Unit has 24/7 Concierge, 13′ ceilings, oversized windows, gas fireplace, hardwood floors, great closet space. All on one floor! Short walk to shops, restaurants, and Metro North station. Easy access to all major thoroughfares.

26 Pondfield Road West #2A, Bronxville PO/Yonkers (2 Bed/1 Bath) Listed at $319,000

Pristine, gorgeous, and stunning are only a few words to describe this sun filled unit located just one flight up from the lobby. Magnificently maintained and renovated. Conveniently located to all that Bronxville has to offer. Walk Score 81.

31 Pondfield Road W. #64, Bronxville (2 Bed/1 Bath) Listed at $297,000

Spacious Tudor Arms Co-op is ideally located on the top floor of this classic pre-war elevator building. The apartment has 9 foot ceilings, picture moldings, cedar lined closets, french doors and oak hardwood floors. A recently renovated inner courtyard add to the reasons why you will love living at the Tudor Arms. Just a five minute walk to the shops and restaurants in Bronxville Village as well as the Bronxville Metro North station.

Houlihan & O’Malley has lots of experience in the Real Estate business-let us help you with your next move!

May 16, 2019June 10, 2019

Understanding the Loan Process

We shared some great tips for buying a home last month, here we venture into the world of loans. In order to secure the right mortgage for you, there are a few steps that you should take into consideration for the loan process.

First off, you want to be sure that you properly educate yourself on the various loan options. There are several options out there that are available through thousands of banks, finance companies, credit unions and more! We want to be sure that you are getting the best option for you. There are even more sources of information; some more helpful than others. Your real estate agent can help you navigate through all of it.

Be sure that you are realistic about your financial situation. The last thing we want new homeowners to endure is not being able to properly pay their mortgage. The more honest you are with yourself, the less chance this will happen. Explore how much you really think you can handle for your mortgage payments and plan from there. Since this is a long-term investment, you really want to be sure that this payment schedule will be good for years to come. One option that has proven to be helpful is using a loan calculator to forecast the best payment options. One tip can be to outline your monthly living expenses and project other financial commitments that may arise during the life of your mortgage.

You will need to decide what route you’d like to go with your mortgage – there are fixed-rate and adjustable-rate mortgages. It’s important to talk to your lender to be sure you are selecting the best option for you. Fixed-rate mortgages lock you in at a set rate and protect you from the risk of rising interest rates-their stability can make it easier for planning. An adjustable-rate mortgage is commonly based on the U.S. Treasury Index for one-year Treasury Bills, although it may be geared to other indexes. Adjustable rate mortgages can be appropriate when you know you are going to be in the property for a specific time period.

Once you have decided on the type of loan you are interested in, it is time to apply for your mortgage! Because there are so many options to consider, make sure to really spend time evaluating what works for you and ask lots of questions. You may find that having a trusted and knowledgeable Real Estate Professional by your side for advice and perhaps some beneficial connections will give you some peace of mind.

Next month-Your Credit!

May 9, 2019

Houlihan & O’Malley’s Real Estate activity-April, first full month of Spring! Yeah!

NEW LISTINGS:

231 Pondfield Road, Bronxville (4 Bed/2 Bath/2 Half Bath) Listed at $1,850,000

The perfect location. The easiest walk to school, train and Village that you can imagine. This home lives well with a huge living room with fireplace and a convenient bar area, dining room, eat in kitchen, a substantial family room with two distinct office areas and a tucked away powder room. Off the family room is a large level patio-great for outdoor entertaining. Beautiful home with many upgrades.

172 Boulevard, Scarsdale (6 Bed/5 Bath) Listed at $1,295,000

TWO HOUSES FOR THE PRICE OF ONE! MAIN HOUSE with 3,208 SF; DUPLEX CARRIAGE HOUSE with 1,672 SF. The main house starts with a magnificent front porch with grand stone columns. The First Level Features: Gracious Foyer, Formal Living Room w/Fireplace, Formal Dining Room, Eat-In Kitchen, Den/Family Room, Laundry/Mud Room, and a Bathroom. The Second Level: Master Bedroom, 4 additional Bedrooms, Sleeping Porch and Deck with Western exposures, and 2 Bathrooms. The Third Level: Bedroom and tons of Attic Storage. Great basement space too. The Duplex Carriage House has infinite possibilities-can be adapted for your unique needs. Currently used as 3 bedrooms, 2 Baths and a home office. Walking distance to Scarsdale Metro North! Scarsdale Schools!

12 Dorchester Road, Eastchester (4 Bed/2 Bath) Listed at $749,000

This split-level home was built in 1955 and sits comfortably on a corner lot in one of Eastchester’s loveliest neighborhoods. In addition to a great floor plan, additional features include a new boiler, young roof and recessed lighting. The lower level is the perfect family room. The large basement boasts high ceilings, plenty of storage options, washer/dryer and walk-out to a slate patio in the backyard.

56 Pondfield Road West #3B, Bronxville (2 Bed/1Bath) Listed at $369,000

LOCATION, LOCATION LOCATION!! Close to METRO North train station with service to Grand Central Station in 30 minutes. PET FRIENDLY… LARGE DOGS WELCOME/No weight restrictions!! RENOVATED EAT-IN KITCHEN. Kitchen opens to the dining area and large living room. Pre-war charm includes picture moldings & refinished hardwood floors (2018). Large bedrooms with ample closet space, nice updates in the bathroom. Close to all that Bronxville Village has to offer. Priced to sell!

IN CONTRACT:

42 Edgewood Avenue, Mount Vernon (5 Bed/4 Bath/1 Half Bath) Listed at $1.350,000

Very special Arts and Crafts home located in the desirable enclave of Aubyrn Manor. Tranquil and serene setting on a park like half-acre lot just a few blocks from the village of Bronxville.

1 Scarsdale Road #421, Tuckahoe (3 Bed/2 Bath/1 Half Bath) Listed at $825,000

26 Pondfield Road West #2A, Bronxville PO/Yonkers (2 Bed/1 Bath) List Price $319,000

64 Sagamore Road, Unit H5, Bronxville (1 Bed/1 Bath) Listed at $395,000

Your chance to own one of the very few condominiums in Bronxville-64 Sagamore has just undergone a complete court yard renovation with all new stairs and walk ways. This unit has both east and west exposures and a wood burning fireplace. Walk to Metro North and all that Bronxville has to offer. Renting is allowed-fantastic investment opportunity!

282 Brookline Avenue, Hawthorne (4 Bed/2 Bath) Listed at $479,000

This home is situated on a level corner parcel enabling potential expansion possibilities. Present owner is only the second owner of this great home. Home shows well, just needs your touches to make it yours. A must see.!

553 Sierra vista Lane, Valley Cottage (2 Bed/2 Bath) Listed at $289,000

Tastefully updated condo in the well sought after Mountainview Condo Community. Unit is a Top floor/Corner unit…Hardwood and Pergo flooring throughout, Crown Molding, Fire place and so much more. Easy commute to all major highways, shopping, schools, etc.

CLOSED:

235 Read Avenue, Tuckahoe PO/Yonkers (5 Bed/1 Full Bath/1 Half Bath) $710,000

A COMMUTER’S DREAM, steps from the CRESTWOOD station with express service to Grand Central Station in 30 minutes! This Victorian home offers a picture-perfect front porch and over 2500 SF of living area. Easy access to Bronx River Pathways. Low taxes!

Let Houlihan & O’Malley help you! We know Real Estate!

April 25, 2019

So to continue on from last month’s blog on ‘Buying a Home’ –

As we discussed, finding the best Realtor to support you is key when buying a home. There are still several steps that you can take to ensure that the process remains smooth and seamless.

After you have done your research, selected your dream home, made your offer that is accepted by the seller, a contract is negotiated including any inspection items. Once all the parties are in agreement, the contract is ready to be signed. After you sign, the seller signs and you have a fully executed Contract of Sale.

Now it’s time to go back to your lender to formally apply for the mortgage. To assist in making this step (which can be daunting) a bit easier, our team assists in guiding you to provide the right information to your lender. This would include your last years’ tax returns, recent pay stubs, copies of divorce decrees or separation agreements, brokerage statements, social security and pension payments, along with any other legal documents pertaining to income. Please note, however, that as these are generally the required documents, it varies by lender.

Once all the documents and paperwork are complete, it is time for the best part – closing the deal! Heave a sigh of relief and finish these next few steps strong with your trusted agent. Complete the title search, obtain homeowner’s insurance, do a final walk through and then it should be time for the closing. Also, as New York State residents, there are some extra things to keep in mind. The New York State Mansion Tax is a 1% tax on homes selling for $1 million dollars or more. This tax is paid by the buyer at the closing. If the cost of the home is less than $1 million, there is no tax to be paid.

Finally, some of the obvious things include making sure you get the keys at the closing! Once you do the final walk through and close, the home is yours. Lastly, we encourage you to embrace this new chapter and enjoy life in your new home! The Houlihan & O’Malley team truly enjoys these moments and is honored to assist you through this process. If you are contemplating on making a home (CO-OP or CONDO) purchase, contact us today to learn more.

Next Month- ‘The Loan Process’