Downsizing to a COOP or CONDO? What you need to know.

Buying a Coop or Condo Advice

In this blog, you can read a recent Q & A with Joe Houlihan about moving from a home to a Condo or COOP and what differences you might want to know about before hand.

Q: What are the benefits of owning a condominium vs. a house? Drawbacks?
A: Probably the most popular benefit of owning a condominium is that you are typically not responsible for any outside maintenance. The condo association takes care of shoveling, snowplowing, landscaping, roofs, painting the exterior, paving, and more – all of those things that can drain your budget and your time when you own a house. Additionally, condos often come with a variety of amenities, like a clubhouse, pool, playground, basketball and tennis courts, and community center.

There are certain drawbacks to a condo, however. You lose a level of privacy, and have a lot of neighbors in very close proximity, which can be noisy. Parking can also be a challenge, depending on the development. Also, with a house, you have free reign to do what you like to the exterior and your yard. As an owner of a condo, you will belong to a homeowner’s association, and there are certain rules that must be followed, including items such as specified hours that workers can come to your home, exterior paint colors, and facade maintenance regulations regarding fences and plantings. Also, homeowner associations can raise fees if a huge maintenance issue comes up (e.g., windows need to be replaced).

Q: What is the difference between a condo and a co-op? What’s a better bargain in this market?
A: When you purchase a condo, you are purchasing actual real property. Co-ops are owned by a corporation, and when you purchase a co-op, you are buying shares of stock in that corporation, so you are more like an investor. Co-ops are run by boards, and have a monthly maintenance fee to cover building expenses and upkeep. Additionally, the approval process to purchase a co-op is much more onerous and time-consuming than with a condo. Finally, co-op boards often do not allow subletting at all and, if they do, the rules are very restrictive, as co-op boards want most of the building to be owner-occupied. It is much easier to purchase a condominium, and the rules are generally more relaxed. The problem buyers run into is that condos are hard to come by in certain marketplaces such as southern Westchester where Co-ops are most common.

Q: Are there any specific professions/people that seem to do better in condos?
A: People who like condos want to relieve themselves of the responsibilities of house maintenance, such as cleaning the gutters, mowing the lawn, and fixing the roof. Condos are especially suited to people who have second homes. That way they can go away for three days, or even three months, and not have to worry about such home maintenance issues as shoveling the walkway after a snowstorm.  Condos are also great for working couples, who are both so busy with their jobs that they don’t have time for maintenance issues, as well as seniors, who may not want to or physically be able to take care of their homes anymore.

HOULIHAN & O’MALLEY REAL ESTATE – JUNE ‘22 ACTIVITY

We are half way through 2022 and it’s been a very busy year for the agents at Houlihan & O’Malley.  The Westchester County real estate market continues to be strong and we have enjoyed helping so many clients find a home, sell a home or rent a home.  Contact us to help you and see why our clients’ love working our agents!

SOLD:

537 N. Midland Avenue, Nyack (5 Bed/3 Bath/1 Half Bath)
Sold for $1,062,020
Enjoy the natural beauty of the Hudson Valley in this beautiful home in Upper Nyack.  Set beautifully on a half-acre just blocks from many hiking/biking trails, shopping & award-winning restaurants. Located just minutes from Nyack Elementary & the Village of Nyack with access to Clarkstown parks & pools. Easy access to the NYS thruway; 10 minutes to the Tarrytown train station. And only 40 mins from NYC.

Westchester County Real Estate

 

 

 

 

 

12 Billingsley Trail, Goldens Bridge (3 Bed/2 Bath/1 Half Bath)
Sold for $901,220
Bi-level Ranch set on a quiet cul-de-sac in the charming hamlet of Goldens Bridge. Just moments to the Metro North Train, schools & I684. Sited on park-like grounds. Convenient to all Town amenities including pool, parks, tennis & camp.

Westchester County Real Estate

 

 

 

 

 

 

103 Lockwood Avenue, Bronxville PO/Eastchester (3 Bed/1 Bath/1 Half Bath)
Sold for $680,000
Chester Heights Colonial on a cul-de-sac. Lower level has great additional space-use your imagination. Lake Isle membership eligibility & Cottle Schools. Walking distance to restaurants, shops and Metro North. Close to all major highways.

Yonkers Real Estate

 

 

 

 

 

949 Palmer Road #6G, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Sold for $265,000
Beautifully redesigned, top-floor apartment — Open floor plan. Full-service doorman building. Fully wired for ethernet, surround sound, wifi & cable-with recessed lighting throughout. One block from Bronxville Village.

COOP For Sale

 

 

 

 

 

 

2 Westchester Avenue #1Q, White Plains (1 Bed/1 Bath COOP)
Sold for $243,000
Beautiful sun-drenched corner apartment in lovely Pre-war Dutch Tudor Building. Fully renovated. Laundry in building. Pet friendly. Close to park, shopping and public transportation.

Bronxville Real Estate

 

 

 

 

 

949 Palmer Road #6E, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Sold for $240,000
Beautiful over-sized sun-filled apartment. Hardwood floors through-out, high ceilings and matching wood built-ins. Walk to everything in Bronxville –train, shops and restaurants.

PENDING:

Bronxville Real Estate

 

 

 

 

 

1 Bolton Gardens, Bronxville (4 Bed/2 Bath Townhouse)
Listed for $1,315,000
On the market for the first time in 30 years. Townhouse is located in the heart of the Bronxville Village and is one of the few coveted corner units with a large private patio. Open Chef’s kitchen and glass doors to a lovely flagstone patio. HOA includes one assigned on-site parking space, heat, snow removal and outside maintenance.

Eastchester Single Family Home

 

 

 

 

 

8 Myrtle Place, Eastchester (4 Bed/3 Bath)
Listed for $915,000
Located in the highly sought-after Oakridge neighborhood of Eastchester. 8 Myrtle Place has great curb appeal and much to offer — beautiful open chef’s kitchen, a formal dining room and an inviting living room with fireplace. The large & level backyard features a blue stone patio accessible through French doors in the kitchen. Walk to all that Eastchester that has to offer. Eligible for Lake Isle Country Club membership too.

Westchester County Single Family Home

 

 

 

 

 

19 Scenic Lane, Yonkers (3 Bed/3 Bath/1 Half Bath Townhome)
Listed for $850,000
Winchester Village-spacious townhome in a gated community. Absolutely beautiful home. Two car garage.

Lower level boasts an amazing family room with fireplace and a fully renovated bath, laundry room and storage.

Enjoy all of the amenities Winchester Village has to offer including pool, tennis courts, clubhouse, playground, and fitness center. Close proximity to shopping, restaurants, and all major highways. Just move in.

Bronxville PO/Yonkers Condo

 

 

 

 

 

134 Texas Avenue, Bronxville PO/Yonkers (3 Bed/1 Bath/1 Half Bath CONDO)Listed for $499,000
Bright and sunny Townhouse style end unit at the Greentree Condominium complex. Sit back, relax and enjoy nature at its finest from your second-floor balcony. Crown molding throughout. Central Air Conditioning.

Open floor plan. Washer/dryer. Park around the corner. Pet friendly. And a commuter’s dream close to both Fleetwood and Bronxville Metro North train stations.

Yonkers Real Estate

 

 

 

 

 

 

43 Agnola Street, Tuckahoe PO/Yonkers (2 Bed/1 Bath)
Listed for $499,000
Great opportunity to create your own slice of heaven in the much desired neighborhood of Crestwood. This quaint single family became available for the first time in 50 years. Bring your renovation ideas to this sweet home with great curb appeal, large stone patio, side-yard and driveway parking for multiple cars. And low taxes!

Bronxville PO/Yonkers COOP

 

 

 

 

 

9 Brooklands #2C, Bronxville PO/Yonkers (2 Bed/1 Bath COOP)
Listed for $339,000
Welcome to the highly regarded Brooklands complex built in 1927. Meticulously manicured park like grounds. This spacious and light-filled unit has hardwood floors throughout with a floor-to-ceiling French door in the living room that opens onto a Juliet balcony. Immediate parking on the grounds. Laundry and storage in the basement. Community garden. Five-minute walk to Bronxville and the Metro North Station.

Bronxville COOP

 

 

 

 

 

900 Palmer Road #2L, Bronxville PO/Yonkers (2 Bed/2 Bath COOP)
Listed for $289,000
Small town living with a big city feel…..welcome to The Winchester. This bright and sunny corner unit has parquet floors throughout, open large living room with spacious dining area and walk-through kitchen with French doors. Great storage. Sizeable closets. Minutes to Bronxville Village and Metro North Station. The Winchester has a Door Person and the Superintendent lives on site as an additional convenience.

Bronxville COOP for Sale

 

 

 

 

 

1430 Midland Avenue #5E, Bronxville PO/Yonkers (2 Bed/1Bath COOP)
Listed for $ 265,000
Welcome to Oxford Gardens- Beautiful large apartment in excellent condition with new sound resistant windows. This unit has large entry foyer, tons of natural light and gorgeous hardwood floors throughout.

 

mt. vernon real estate

 

 

 

 

 

20 William Street #2A, Mt. Vernon (1Bed/1 Bath)
Listed for $149,000
Melissa Court is a charming brick Tudor building with a lovely court yard and a large communal rear lawn.

Apartment has tree top views. Renovated kitchen. Hardwood floors. Crown and floor moldings. Modern light fixtures. Cedar closet. Live in Super. Bike room. Doorbell w/ video app available for phone. 20 minute Uber ride to NYC. Fleetwood Metro North  Station is 1/3 of a mile from the unit.

NEW LISTINGS:

Mt. Vernon Real Estate

 

 

 

 

 

141 Main Street Unit A, Tuckahoe (3 Bed/3 Bath/1 Half Bath Townhouse)
Listed for $1,175,000
A Townhouse like no other! Room to spare in this bright and sunny corner unit with 11′ ceilings

Steps to nearby playground, tennis, basketball, and all that Tuckahoe, Crestwood and Bronxville have to offer. Commuter’s dream…2 blocks to the Tuckahoe Metro North Station with 30 minutes service to Grand Central. Convenient to shops, restaurants, fitness centers…..Enjoy Bicycle Sundays on the Bronx River Parkway and biking, walking, and jogging on the Pathway all year long. Eligible for membership to Lake Isle Country Club.

 

Houlihan & O’Malley has experience in every area of real estate — Buying, Selling, Renting — Houses, Condos, COOPS, etc. Call us.

 

HOULIHAN & O’MALLEY REAL ESTATE – FEBRUARY ‘22 ACTIVITY

The 2022 real estate market in Westchester County has remained very strong.  Our agents are busy with listings that don’t stay on the market long.  We’re ready to help you as well. Contact us to find out why so many clients are happy with our specialized service.

SOLD:

Bronxville PO/Yonkers COOP

 

 

 

 

 

26 Pondfield Road West Unit A/B, Bronxville PO/Yonkers (3 Bed/2 Bath COOP)
Sold for $430,000
Fully renovated unit with your own front door! This UBER chic apartment home is the result of a full high-quality renovation. The pictures say it all. Walk to everything Bronxville has to offer.

45 Pondfield Road West Unit 3D, Bronxville PO/Yonkers (2 Bed/1 Bath COOP)
Sold for $345,000
Chic apartment features an open-concept floor plan. Located just minutes from the Bronxville Metro North and shops, restaurants, Farmer’s Market (In Season), Library. This location truly provides the convenience of city living while offering residents a sophisticated suburban walk-to-all lifestyle.

 

 

 

 

 

246 Bronxville Road, Unit J4, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Sold for $197,900
This sun-drenched apartment is located on the top floor of a beautiful pre-war building. Live-in super & state-of-the-art video intercom system. Less than a five-minute walk to Bronxville Village and the Metro North station makes this a super convenient and desirable location. Building allows dogs!

184 Kimball Avenue, Yonkers (3 Bed/1 Bath/1 Half Bath Rental)
Rented for $2,950/month
Move in condition! Complete with laundry, one car driveway parking, a deck off the kitchen. Pull down attic for storage! Close to shopping, restaurants, transportation and so much more.

PENDING:

50 Summit Avenue, Bronxville (4 Bed/3 Bath/1 Half Bath)
Listed for $1,950,000
Picture perfect renovated colonial in the village. Wood burning fireplace. Refinished floors. New windows throughout. Gas heat & central air. Pretty stone patio. Additional 300sf in basement. Easy walk to school, town and train.

tuckahoe real estate

 

 

 

 

 

1 Elm Street Unit 4D, Tuckahoe (3 Bed/1 Bath Condo)
Listed for $524,00
One block away from Metro North Train Station. Bright and cheerful unit located in the back portion of the complex offers privacy and solace. Pet friendly. No fee parking. Common laundry. Camera Intercom system.  ADA ramp accessible. Convenient to everything. Eligible to join Lake Isle Country Club.

250 Bronxville Road, Unit 5-G, Bronxville PO/Yonkers (2 Bed/2 Bath COOP)
Listed for $499,000
This spacious sun-filled apartment has all the qualities of a house. Located on the top floor, this unit includes

an oversized entry with skylight, a large living room with beautiful fireplace, bordered by custom built-ins. Spacious primary bedroom has a fireplace too. Lots of closet. Hardwood floors and high ceilings.

65 McKinley Avenue Unit 2C, White Plains (2 Bed/2 Bath Condo)
Listed for $519,000
Beautiful apartment nestled in the Battle Hill section of White Plains. This once schoolhouse offers high ceilings, a new kitchen, electric fireplace, walk in closets, and a washer/dryer in the unit. Pet friendly building. Private outdoor parking space. Fitness center, and more. Close to Metro North train station and all that White Plains has to offer.

1 Consulate Drive Unit 3L, Tuckahoe (2 Bed/2 Bath Condo)
Listed for $469,000
Large bright corner unit with views of the river & park. Spacious living room/dining room combo. Beautiful hardwood floors. Deeded-in indoor parking space. Laundry in building. Outdoor pool for residents. 24-hour gated security. Short walk to train, shops, and restaurants.

Yonkers Real Eastate

 

 

 

 

 

900 Palmer Road Unit 10G, Bronxville (2 Bed/2 Bath COOP)
Listed for $349,900
Welcome to the Winchester. Spacious apartment boasts double exposure views and beautiful parquet floors throughout. Sunlit and expansive L-shaped living room with triple windows. Move-in ready. Doorman building. Close to all that Bronxville has to offer.

 

 

9 Alden Place Unit 3C, Bronxville 2 Bed/1 Bath Rental)
Rented for $3,000/month
Fabulous Alden Place apartment with tree top views. This Bronxville PO/Mount Vernon School District, is less than a five-minute walk to Bronxville Village shops, restaurants and the Metro North Station. Apartment includes a stacked washer/dryer. Lovely apartment.

One of our seasoned agents would be happy to do a complimentary market analysis for you.

Call our office at 914-337-7888.

 

HOULIHAN & O’MALLEY RE DECEMBER ‘21/JANUARY ‘22 ACTIVITY

mount vernon real estate

Houlihan & O’Malley ended 2021 on a high note and we are looking forward to a great 2022.  Like 2021 we expect the year to be an interesting one in the Westchester County area.  And, our highly experienced agents are here to help you navigate the real estate market whether you are looking to buy or sell.

SOLD:

Yonkers COOP for Sale

 

 

 

 

 

25 Parkview Avenue Unit 3L, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Sold for $305,000
This oversized apartment features a recently updated kitchen-quartz countertops, stainless steel appliances, and a marble backsplash. Open floorplan, custom woodwork, abundant storage, formal dining area, hardwood floors, and a working fireplace make this apartment perfect for the today’s buyer. Move right in. Minutes to Bronxville train and shopping.

99-101 Hawthorne Avenue, Yonkers (Land)
Sold for $700,000
These lots are located on the corner of Hawthorne Avenue and Vark Street — 11,599 SF combined. They are in a Medium Density Urban Residential District, UR-MD. Permitted Uses include: 5 story apartment building, town houses and 2 family homes.

Bronxville real estate

 

 

 

 

 

23 Gard Avenue, Bronxville PO/Yonkers (3 Bed/2 Bath/1 Half Bath)
Sold for $790,000
Classic 1930’s colonial is in move-in condition with many upgrades throughout. There is a gracious entry foyer, a large living room with fireplace, a den, an office, a formal dining room, an eat-in kitchen and powder room. The second floor has a primary bedroom suite with full bath and a private terrace, two additional bedrooms, a nursery and hall bath. The walk up third floor is bonus space. Short 10 minute walk to the Village of Bronxville and its Metro North Train station.

mount vernon real estate

 

 

 

 

 

134 Rich Avenue, Mount Vernon (3 Bed/2 Bath)
Sold for $565,000
Two -family with Central A/C, hardwood floors throughout, 2 electric and 2 gas meters, a level lot with mature plantings featuring a 2-car detached garage and parking for at least 8 cars! Large lower level with access to the covered patio and backyard.

PENDING:

1085 Boston Post Road Unit #3, Rye (2 Bed/1 Bath COOP)
Listed for $320,000
Stylish Co-op in downtown Rye, convenient to everything. Former School House with lots of charm. Near Train Station, Library, shops and all that Rye has to offer. NO FEE laundry, bike storage, and personal storage. Move right in and enjoy!

30 Greenridge Avenue #2D, White Plains (2 Bed/2 Bath Condo)
Listed for $449,000
This Doorman building is close to all that White Plains has to offer yet lives like the suburbs. This spacious and well laid out space has much to offer — large rooms, ample closet space and amazing natural light. Includes a private terrace perfect for entertaining or just winding down with a cup of coffee or a glass of wine. And pet friendly too.

Bronxville PO/Yonkers COOP

 

 

 

 

 

26 Pondfield Road West Unit A/B, Bronxville PO/Yonkers (3 Bed/2 Bath COOP)
Listed for $489,000
This is the new home you have been waiting for! A fully renovated unit with your own FRONT DOOR! This UBER chic apartment home is the result of a full high-quality renovation. The pictures say it all.

Walk to everything Bronxville has to offer.

bronxville real estate

 

 

 

 

 

3 Stoneleigh Plaza Unit #3B, Bronxville (2 Bed/2 Bath COOP)
Listed – $599,900
Stoneleigh is the premier co-op in the Village of Bronxville. This apartment has both southern and eastern exposures and receives abundant natural light. The classic layout provides a large dining area, kitchen and an over-sized living room. Unit has its own terrace too!

Eastchester Real Estate

 

 

 

 

 

72 Pondfield Road W. #5F, Bronxville (2 Bed/2 Bath COOP)
Listed – $755,000
Enjoy a turnkey lifestyle and the amenities of a full-service building right in the heart of Bronxville. This spacious sun filled apartment offers a wonderful open floor plan including a wood burning fireplace and a sunroom with floor to ceiling windows. Assigned parking. Electricity included in the monthly maintenance. Easy stroll to shopping, restaurants, and Metro North.

Eastchester Real Estate

 

 

 

 

 

27 Hathaway Road, Bronxville PO/Eastchester (4 Bed/2 Bath/1 Half Bath)
Listed – $1,495,000
Hathaway Road is tucked into a quiet neighborhood adjacent to Siwanoy Country Club. The house has been renovated with an open floor plan and even has a putting green! The entry foyer greets your guests and leads them into an impressive living room with vaulted ceilings and continues to the open dining room and fully renovated eat-in kitchen. The lower level has a wood burning fireplace, a wet bar and has access to the backyard and patio offering the perfect place for family and friends to unwind. The bonus basement space is currently a full-service gym.

NEW LISTING:

Bronxville Real Estate

 

 

 

 

 

949 Palmer Road #6E, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Listed at $249,0000
Move-in Ready! Gorgeous over-sized sun-filled apartment in a lovely pre-war building.  Hardwood floors, high ceilings and matching wood built-ins complement this apartment.  Quick walk to everything in Bronxville — train, shops and restaurants. A must see!!

When you decide to buy or sell a home, or if you hear that any of your family and friends are looking to buy or sell, be sure to take advantage of the knowledge, experience and professionalism that we offer at Houlihan & O’Malley. It will be our privilege to be your Realtor®.

 

Where To Go For Valentine’s Day Dinner In Bronxville

Bronxville

As COVID (including the Omicron variance) is drawing to a close (fingers crossed), people are starting to think more and more about getting out and enjoying life again. Physically going out, that is. While it was fun initially — staying in and cooking, learning new recipes, and mostly ordering in (thank goodness for the venders who worked through all of this), it’s time to come out of hibernation and enjoy getting back out there.  With that said, Valentine’s Day is right around the corner.  What a great time to get out and celebrate with your loved one or your family.  So, with Valentine’s Day coming soon (Monday February 14th), here are our top five favorite restaurants:

-Rosie’s – https://www.rosiesbronxville.com/

-Underhills – Crossing; http://underhillscrossing.com/

-The Urban Hamle – https://theurbanhamlet.com/

-Park 143 – http://www.143parkbistro.com/

-Il Bacio Trattoria – https://www.ilbaciotrattoria.com/

A bit of history about Valentine’s Day, also called Saint Valentine’s Day or the Feast of Saint Valentine which is celebrated annually on February 14th. It originated as a Christian feast day honoring early Christian martyrs. The Feast of Saint Valentine was established by a Pope way back around A.D. 270 to be celebrated on February 14th in honor of Saint Valentine of Rome who died on that day. Fast forward to the 14th and 15th centuries, it became a more romantic day of love developed by the troubadours of Southern France and widely noted in European literature.  Then, by the 18th century in England, it grew into an occasion where couples expressed their love for each other by presenting flowers, candies, and sending greeting cards known as Valentine’s Day messages. So, you see Valentine’s Day has become a substantial day of commercial celebration of romance and love throughout the world. What a lovely, romantic day!

This Valentine’s Day will be a great day to reflect about our family and loved ones whom everyone has missed seeing over the past couple of years. Send those cards and make those reservations. Enjoy!

Buying a Condominium, Pros & Cons – [Q & A WITH JOE HOULIHAN]

Buying a Coop or Condo Advice

Amout Villa Magazine recently conducted a Q&A with Joe Houlihan about buying a condo for a home, read what he had to say in this post.  And, remember to call Houlihan & O’Malley to speak with one of our expert agents about your real estate needs; buying, selling, renting, we’re here for you!

Q: What are the benefits of owning a condominium vs. a house? Drawbacks?
A: Probably the most popular benefit of owning a condominium is that you are not responsible for any outside maintenance. The condo association takes care of shoveling, snowplowing, landscaping, roofs, painting the exterior, paving, and more – all of those things that can drain your budget and your time when you own a house. Additionally, condos often come with a variety of amenities, like a clubhouse, pool, playground, basketball and tennis courts, and community center.

There are certain drawbacks to a condo, however. You lose a level of privacy, and have a lot of neighbors in very close proximity, which can be noisy. Parking can also be a challenge, depending on the development. Also, with a house, you have free reign to do what you like to the exterior and your yard. As an owner of a condo, you will belong to a homeowners association, and there are certain rules that must be followed, including items such as specified hours that workers can come to your home, exterior paint colors, and facade maintenance regulations regarding fences and plantings. Also, homeowner associations can raise fees if a huge maintenance issue comes up (e.g., windows need to be replaced).

Q: What is the difference between a condo and a co-op? What’s a better bargain in this market?
A: When you purchase a condo, you are purchasing actual real property. Co-ops are owned by a corporation, and when you purchase a co-op you are buying shares of that corporation, so you are more like an investor. Co-ops are run by boards, and have a monthly maintenance fee to cover building expenses and upkeep. Additionally, the approval process to purchase a co-op is much more onerous and time-consuming than with a condo. Finally, co-op boards often do not allow subletting at all and, if they do, the rules are very restrictive, as co-op boards want most of the building to be owner-occupied. It is much easier to purchase a condominium, and the rules are generally more relaxed. The problem buyers run into is that condos are hard to come by in certain marketplaces such as southern Westchester where Co-ops are most common.

Q: Are there any specific professions/people that seem to do better in condos?
A: People who like condos want to relieve themselves of the responsibilities of house maintenance, such as cleaning the gutters, mowing the lawn, and fixing the roof. Condos are especially suited to people who have second homes. That way they can go away for three days, or even three months, and not have to worry about such home maintenance issues as shoveling the walkway after a snowstorm.  Condos are also great for working couples, who are both so busy with their jobs that they don’t have time for maintenance issues, as well as seniors, who may not want to or physically be able to take care of their homes anymore.

2021-Westchester Real Estate-One for the Record Books

Buying a Coop or Condo Advice

Unprecedented Times – 2021

The global pandemic remains in full swing as we bring the year to a close. There have been ebbs and flows as we seem to conquer one variant and then succumb to another. The residential real estate market has had quite a ride this year as well. In the early part of the year, as vaccination rates increased, the market was ‘jubilant’ with buyers scrambling for almost every property that became available. Bidding wars dominated and first-time buyers were frustrated even if they had more than a 20% down payment.

As we got to the summer months, things got less hectic but contracts continued to get signed. In terms of the numbers — here they are hot off the press. This information is for the single-family home market in five (5) specific areas in lower Westchester.

Bronxville, Bronxville PO and Crestwood did not have a huge difference in sales volume, although the median price went up substantially. As you can see the larger impact was felt in Eastchester with a substantial increase in both volume & sales price. Tuckahoe showed a nice increase in the number of sales but the median price went down a bit.

Looking ahead-2022 should be another interesting year in real estate.

HAPPY NEW YEAR!

HOULIHAN & O’MALLEY NOVEMBER ‘21 ACTIVITY

Yonkers Real Estate

It’s hard to believe that we are in the holiday season and 2021 is getting ready to close out!  We hope everyone had a nice Thanksgiving with their friends and family.  Houlihan & O’Malley is truly thankful for our wonderful clients and being able to help them find that perfect home or find a perfect buyer for their home.  Below, you can see November was another busy month for us!

NEW

Yonkers Real Estate

 

 

 

 

 

900 Palmer Road #10-D, Bronxville PO/Yonkers (2 Bed/1 Bath COOP)
Listed at $265,000
Here is the apartment you have been waiting for – top floor with no one above you! One of the very few doorman buildings in the area. The apartment has abundant sunlight and expansive views. Large eat-in kitchen and numerous closets throughout. Metro North and Bronxville Village shopping and dining are less than a half mile away.

Yonkers Real Estate

 

 

 

 

 

12 Brooklands #3L, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Listed at $225,000
Classic Pre-War unit is located in the highly regarded Brooklands complex. This spacious and light-filled apartment has been freshly painted and the handsome hardwood floors refinished. The floor-to-ceiling French door windows in both the living room and bedroom overlook part of the beautiful grounds. Less than a five minute walk to Bronxville Village and the Metro North Station makes this a sought after location.

IN CONTRACT

Bronxville/PO Yonkers Real Estate

 

 

 

 

 

8 Cassilis Avenue, Bronxville PO/Yonkers (5 Bed/3 Bath)
Listed at $849,000
Welcome to Armour Villa. This unique single-family house offers an accessory apartment “In-Law Suite” that was completely renovated in 2016. The first floor includes two bedrooms, a full bathroom, kitchen, large living room, and storage. The second floor offers three bedrooms, two full baths, large living room, dining room, kitchen, big garage, lots of storage and access to large private deck/patio. Clean and well maintained — each unit has its own private entrance and private driveway. Just a short walk to the village of Bronxville and all that it has to offer including Metro North Station. Great opportunity.

Yonkers Real Estate

 

 

 

 

 

246 Bronxville Road #J4, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Listed at $199,900
This sun-drenched apartment is located on the top floor of this lovely pre-war building. This unit offers a renovated eat-in kitchen, high ceilings, handsome moldings, beautifully finished hardwood floors and ample closet space. Building has a Live-in super and a state-of-the-art video intercom system. Less than a five-minute walk to Bronxville Village and Metro North station makes this a super convenient and desirable location. Washer/dryer units are permitted with board approval. Dog friendly too.

SOLD

Eastchester Real Estate

 

 

 

 

 

4 Hathaway Road, Bronxville (5 Bed/5 Full Baths/1 Half Bath)
Sold for $2,200,000
This house has been completely rebuilt and expanded by well-known local builder Cathal Maguire who has masterfully designed the home selecting all of the finishes with his sharp eye for quality and design. The result is a sophisticated layout with quality craftsmanship that is evident throughout. The lush private grounds with natural stone retaining walls provide ample room to install a pool. Hathaway Road is tucked into a quiet neighborhood adjacent to Siwanoy Country Club.

Eastchester Real Estate

 

 

 

 

 

10 Greystone Circle, Bronxville (5 Bed/6 Full Baths/1 Half Bath)
Sold for $1,450,000
Never leave home — enjoy your very own country club lifestyle! Billiard room with TV area, a Bar/Pool room, Gym and Office, heated In-Ground Pool, Basketball Court, Stone Patio and Pergola! This home was custom built by a builder for himself and his family. Absolutely beautiful!

11 Wildway, Bronxville PO/Yonkers (3 Bed/4 Bath)
Sold for $995,000
1930’s Classic Colonial located on a quiet dead-end street within walking distance to Bronxville Village. Home offers many special features including an in-ground swimming pool & pool house which could be office space, gym space, entertainment space-use your imagination. Mature plantings surround the property maximizing privacy. Spacious floor plan provides lots of formal & informal space. Tons of closets. Walk-up attic provides even more storage. Lovely home.

mt. vernon single family home

 

 

 

 

 

173 Burkewood Road, Mount Vernon (3 Bed/2 full Baths/1 Half Bath)
Sold for $820,000
Located on a cul-de-sac in the Hunt Woods area of Mt. Vernon. This modern renovated home is in move-in condition & awaits its new owner!  Upon entry, you step up to a formal living rm w/gas fireplace, a formal dining rm w/sliders to a scenic deck offering a place to unwind or entertain, and a modern eat-in kitchen. The lower level offers a spacious family.

Scarsdale Real Estate

 

 

 

 

 

 

 

 

235 Garth Road #B5A, Scarsdale (2 Bed/1 Bath COOP)
Sold for $330,000
Beautifully updated large unit in a well-maintained doorman building. The apartment features an updated kitchen. Ample closet space. Garth Woods is wired for both cable and FIOS and all utilities (electric, gas, heat, hot water) are included in the maintenance! Short walk to the Scarsdale Metro North Train station and Scarsdale village. Join Lake Isle CC and enjoy all it has to offer and the Bronx River Trail – walking or biking practically at your front door.

The holidays are here already — take time to enjoy family and friends. And if your thoughts stray toward real estate in the new year, think of calling Houlihan & O’Malley. We are here for you and because of you.

Merry Christmas & Happy Holidays to all!

 

Making Your Home Enticing to Buyers – Part Two

Buying a Coop or Condo Advice

Last month we started chatting about making your home enticing to buyers; about renovations and market-smart makeovers. This month we are covering how small changes can make a big difference in selling your home.  Blog 2 of 3.

SMALL UPGRADES AND REPAIRS CAN MAKE A BIG DIFFERENCE

There are few things that put buyers off more than viewing a home that appears to be neglected. If you want to maximize your chances of getting top dollar, consider doing some minor upgrades and make all necessary repairs…even those that are “out of sight, out of mind”.

Leaving aside major structural and functional matters, here are a few relatively minor upgrades and repairs that can go a long way to improve how buyers perceive your home.

The Exterior:

  • Fix or replace anything damaged or worn, such as patio and deck, gutters and eaves, windows, shutters, screens, storm doors, light fixtures porches and steps, walkways and fences
  • Touch up all exterior paint or, if need be, re-paint the house
  • Fix doorbells, tighten loose doorknobs, and all squeaky hinges
  • Clean and or paint the front door, polish the front door hardware, and even replace the “Welcome” mat, if necessary
  • Green-up dry lawn patches, plant extra flowers for color, and place potted plants beside the front door

The Interior:

  • Fix or replace cracked molding or floor tiles, loose door knobs, squeaky door hinges, closets or screen doors that are off their tracks, bathroom lighting and hardware, toilet seats, loose caulking or grout
  • Fix and touch-up walls, ceilings, windows and doors
  • Brighten interiors with a new coat of paint in light, neutral colors
  • Shampoo carpets and rugs; replace, if necessary
  • Make sure major appliances are in good working order
  • Replace switch and outlet plates and heat/cooling vents with new ones if they are discolored or cracked
  • Add closet organizers or shelving for basement and garage
  • Clean and paint basement concrete floors and walls
  • Clean water heater and drain sediment; change furnace filter

This is a short list of simple tasks that can make a big difference.

Next month – ORGANIZATION AND MAINTENANCE, THE OBVIOUS STUFF

Joe Houlihan
Broker/Owner
Houlihan & O’Malley Real Estate Services

 

Making Your Home Enticing to Buyers – Part One

Buying a Coop or Condo Advice

As a Realtor®, I get lots of questions about what to do or what not to do when getting your home ready to sell. In brief, you can sell it 1) “as is” and do absolutely nothing, 2) you can make minor fixes, not spend a lot of money and get a decent market price or #3) or you can do some renovations that will definitely enhance the value of your home thereby enhancing the asking price. In order to answer this question, I am going to write the response in a series of three blogs. Here is #1

Making Your Home More Enticing to Buyers

First impressions count! Buyers begin judging your home the moment they see it. They prefer to see homes that are well-maintained, clean, and clutter-free. Home improvements should be high on your list – keeping up with needed repairs, upgrading kitchens & bathrooms (if possible), and doing even minor renovations work. All of these actions will make a big difference in the selling price.

Renovations – Which ones are market-smart?

Sometimes homeowners resist renovation work because they fear they won’t recoup the cost.
But in many cases, minor renovations will more than pay for themselves.

Here are a few “market-smart makeovers” you might consider:

  • Kitchens — consider putting in new flooring, counter tops, appliances and lighting, as buyers typically look for updated kitchens. You’ll recover a large percentage of your expenses upon resale.
  • Bathrooms — opt for good lighting, large mirrors, attractive fixtures and materials, plenty of storage, and paint using neutral colors.
  • Energy-Efficient Improvement’s – Think “green”! Energy saving upgrades and repairs that reduce fuel bills can be a real selling point.

When considering renovations in anticipation of selling, there are two important rules: don’t over renovate, and be careful not to make renovations which please you personally. Remember your prepping your house to sell. This is where working with the right Real estate professional pays off. They can advise you on what’s trending with new buyers and where best to spend your money.

Joe
Broker/Owner
Houlihan & O’Malley Real Estate Services

Next month – SMALL UPGRADES AND REPAIRS CAN MAKE A BIG DIFFERENCE