westchester county real estate – Houlihan & O'Malley Real Estate

October 10, 2023

Mortgage Rates & Low Inventory

Higher mortgage rates have knocked some buyers out of today’s housing market. Those same rates are keeping some people in their houses longer than they might have chosen to stay. Most property owners that have a mortgage on their home, have interest rates hovering in the 3% or lower range. Making a move up or even downsizing means trading that very attractive mortgage rate for one that is more than double. This fact is keeping owners in their homes and keeping those homes off the market.

The result is a very palpable reduction in the number of homes being offered for sale or LOW INVENTORY. This term is being used by every media source out there to characterize today’s housing market.

Even though there are fewer buyers, there are still buyers on virtually every level of the housing market and they have accepted the higher rates as a fact of life. There are still bidding wars happening since so few houses are being offered for sale. It is particularly difficult for first time buyers.

How can we see the effect in our market?
Here is a snapshot of several local markets, using data through September 30.

	Sold Properties			Median Sold Price
	YTD			YTD
	Q3 2023	Q3 2022	% Change	Q3 2023	Q3 2022	% Change
Bronxville Village	46	54	-15%	$ 2,592,500	$ 2,832,500	-8%

Bronxville PO	34	53	-36%	$ 1,115,000	$ 847,000	32%

Eastchester	74	97	-24%	$ 897,500	$ 880,000	2%

Pelham	73	95	-23%	$ 1,175,000	$ 1,175,000	0%

Scarsdale	165	234	-29%	$ 2,005,000	$ 2,080,000	-4%

Tuckahoe	34	49	-31%	$ 887,500	$ 879,000	1%

The low inventory has caused the volume of transactions to tumble significantly this year from the same time last year as shown on the table above. Prices are mostly holding steady but some markets are showing gains over the previous year. For the foreseeable future, we will have a solid sellers’ market. The game changer will be if inventory starts to build but there is nothing pointing in that direction at this time.

Key take away- the real estate market is always fluctuating. People still want to own their own place. Feel free to call and chat with one of our experienced real estate professionals – 914-337-7888

August 2, 2023

Mortgage Rates & Low Inventory

Higher mortgage rates and the resulting higher monthly payments is not the only issue affecting today’s housing market. The much bigger effect of the higher mortgage rates is the decrease in the number of homes being offered for sale. Most property owners are keeping their homes ‘off the market’ because they cannot afford to give up the mortgage that is financing their home.

The result is LOW INVENTORY. This term is being used by every media source out there to characterize today’s housing market.

Even though there are fewer buyers, there are still buyers in virtually every level of the housing market and they have accepted the higher rates as a fact of life. There are so few houses being offered on the market right now, that there is often lots of competition – the listing goes to “Highest & Best” and many first-time homebuyers get outbid.

How can we see the effect in our market?
Here is a snapshot of several local markets.

Sold Properties
				Median Sold Price
	6/30/23	6/30/22	% change	6/30/23	6/30/22	% change
Bronxville Village	28	38	-26.3%	$2,552,500	$2,850,000	-10.4%

Bronxville PO	20	38	-90.0%	$1,014,599	$ 832,500	+21.9%

Eastchester	30	55	-45.5%	$ 855,000	$ 830,000	+3.00%

Pelham	45	56	-19.6%	$1,085,000	$1,111,250	-2.40%

Scarsdale	76	123	-38.2%	$1,975,000	$2,050,000	-3.70%

Tuckahoe	17	33	-48.5%	$ 859,000	$ 835,000	+ 2.90%

The low inventory has caused the volume of transactions to tumble significantly from the first half of 2023 compared to the same period last year as shown on the table above. At the same time, some buyers that bought homes in 2023 paid higher prices than the prior year. For the foreseeable future, we will have a solid sellers’ market. The game changer will be if inventory starts to build but there is nothing pointing in that direction at this time.

Key take away- the real estate market is always fluctuating. The constant is, is that people still want to own their own place. Feel free to call and chat with one of our experienced real estate professionals.
914-337-7888

January 4, 2023January 4, 2023

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

Without question, owning a home comes with risks and responsibilities that you don’t have to worry about when you rent, such as a mortgage, taxes, insurance, maintenance and repairs, to name a few. Even so, financial advisors and homeowners themselves say there are far more advantages to owning.

Let Houlihan & O’Malley help you find your home!

SOLD:

84 Siwanoy Boulevard, Eastchester PO/Tuckahoe (5 Bed/4 Full Baths/1 Half Bath)
Sold for $1,800,000
Classic 1933 Tudor backs up to Siwanoy County Club offering magnificent views. Bronxville Manor/Tuckahoe Schools. This house has been completely redesigned, extended and upgraded for today’s modern lifestyle and sustainability.

402 E. 240^th Street, Woodlawn/Bronx (4 Bed/2 Bath/1 Half Bath)
Sold for $640,000
Welcome to Woodlawn. This home is set in a great location. Fantastic curb appeal. Beautiful original wood and brick details. Rare opportunity with endless possibilities to blend today’s modern living with the homes original old-world charm. Parquet wood floors, high ceilings, stone fireplace and original pocket doors.

RENTALS:

141 J Main Street, Tuckahoe (4 Bed/3 Full Baths/1 Half Bath)
Rented for $5,700/month
Room to spare in this bright and sunny corner unit with lots of upgrades. Steps to nearby playground, tennis, basketball, and all that Tuckahoe, Crestwood and Bronxville have to offer. Two blocks to the Metro North Station.

Enjoy the Bronx River Parkway Path all year long. Eligible to join Lake Isle Country Club.

10 Alden Place #4B, Bronxville PO/Mt. Vernon (1 Bed/1 Bath Rental)
Rented for $2,900/month
Fabulous Alden Place apartment with tree top views. This Bronxville PO/Mt. Vernon School District, apartment is on the top floor of a walk-up building. Renovated kitchen and bath. Gracious living room has French doors that overlook a park. Five-minute walk to Bronxville Village.

141 Parkway Road #14, Bronxville (Commercial Space)
Rented for $1,650/month
Office is located in the Downtown Area of Bronxville right across the street from Metro North and everything the Village of Bronxville has to offer. Open layout with lots of natural light. Great space in a great building!

PENDING:

127 S. Terrace Avenue, Mt. Vernon (Commercial Space)
Sold for $1,429,000
Two buildings-main building is 2,928 SF per floor or a total of 5,857 SF. Level, fenced in yard; total lot size is 9.,352 SF.

44 Revere Road, Ardsley (4 Bed/3 Bath)
Listed for $750,000
Calling all buyers/contractors — this 4-bedroom home is well laid out. Close to schools and situated in an ideal neighborhood. Use your imagination.

72 Pondfield Road #3F, Bronxville (2 Bed/2 Bath COOP)
Listed for $715,000
Welcome to River House. Enjoy living in this spacious, bright apartment. Just blocks away from the Metro North Station. Assigned parking, utilities and storage included in the maintenance. Fitness room. Security cameras

Enjoy all that Bronxville Village has to offer including the Bronx River Path.

98 Alta Vista Drive, Yonkers (3 Bed/2 Bath/1 Half Bath)
Listed for $650,000
Wonderful home sits high up on a hill offering sun filled rooms and Southeast views. Beautiful hardwood floors, a large living room and a wood-burning, stone fireplace. Two car garage. Great bones.

3 Midland Gardens #5H, Bronxville (1 Bed/1 Bath COOP)
Listed for $425,000
Bright, spacious, fully renovated apartment in the coveted Midland Gardens complex. Surrounded by lush gardens, this home allows for easy living, and enjoyment of everything the beautiful Village of Bronxville has to offer.

9 Brooklands #1D, Bronxville PO/Yonkers (2 Bed/1 Bath COOP)
Listed for $365,000
Spacious, light-filled apartment. Hardwood floors and moldings throughout. Brooklands complex was built in 1927 with handsome Georgian architecture and sits on lovely manicured grounds. Five-minute walk to Bronxville Village and the Metro North Station.

3 Tanglewylde Avenue #6C, Bronxville (1 Bed/1 Bath COOP)
Listed for $335,000
Sunlit top floor unit in the coveted Bronxville Towers with amazing views of the Village. Lovely hardwood floors throughout. Live in super. Convenient to all that the Village of Bronxville Village has to offer. Pet friendly too!

900 Palmer Road #2L, Bronxville PO/Yonkers (2 Bed/2 Bath COOP)
Listed for $289,000
Sunny and spacious corner unit with lots of appeal. Minutes to the Bronxville Metro North Station and all that Bronxville has to offer. The Winchester has a Door Person and the Superintendent lives on site.

35 Parkview Avenue #2K, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Listed for $265,000
The Croyden is one of the most sought-after buildings in the area. Move right into this elegant, spacious apartment which has been tastefully updated. One of the few doorperson buildings in the area. Easy walk to the Village of Bronxville and Metro North Station.

45 Pondfield Road W. #3G, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Listed for $239,900
Beautiful oversized Junior 4 in pet friendly building. Double exposure offers plenty of natural light and tree top views. Gleaming hardwood floors. Move in ready! Walking distance to Bronxville Village and Metro North Train Station.

12 Brooklands #3L, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Listed for 220,000
Spacious and light filled unit in the highly regarded Brooklands complex. Handsome hardwood floors throughout. Floor-to-ceiling French door windows overlook part of the beautiful grounds. Short walk to Bronxville Village and the Metro North Station.

781 Palmer Road #4A, Bronxville (1 Bed/1 Bath COOP)
Listed for $159,000
Centrally located apartment. Lots of light. Elevator building. Walk to all that the Village of Bronxville has to offer.

September 22, 2022September 22, 2022

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

The year seems to have gone by quickly! We’re getting ready to move from Summer to Fall and the team at Houlihan & O’Malley has had a great 2022 so far helping clients find homes and sell homes! We would love to help you too, contact us to see why our clients’ love us.

SOLD:

8 Myrtle Place, Eastchester (4 Bed/3 Bath)
Sold for $940,000
Colonial with great curb appeal in the highly sought-after Oakridge neighborhood of Eastchester. The large and level backyard features a blue stone patio accessible through double French doors in the kitchen. Walk to all that Eastchester that has to offer including, schools, shopping, restaurants and Crestwood Metro North station. Lake Isle Country Club eligible.

134 Texas Avenue, Bronxville PO/Yonkers (3 Bed12 Bath/1 Half Bath CONDO)
Sold for $549,000
Townhouse style, sunny end unit. Relax and enjoy nature at its finest from your second-floor balcony. Open floor plan with recessed lighting, crown molding and new hardwood floors throughout. Storage attic. Washer/Dryer in unit. Georgia Avenue Park around the corner. Close to Fleetwood and Bronxville Metro North stations. Pet friendly.

43 Agnola Street, Tuckahoe PO/Yonkers (2 Bed/1 Bath)
Sold for $485,000
Great opportunity in the much-desired neighborhood of Crestwood. Available for the first time in 50 years. Sweet home with great curb appeal. Large stone patio, nice side-yard and driveway parking for multiple cars. Low taxes!

244 Bronxville Road #G2, Bronxville PO/Yonkers (2 Bed/1 Bath COOP)
Sold for $379,000
Fabulous apartment with its own washer/dryer! Completely renovated-custom cabinets, quartz counter tops, tile back splash, stainless-steel appliances. Bathroom-new vanity and fixtures. Refinished wood floors throughout. Wood burning fireplace rebuilt. Picture frame moldings. High hat lighting. And new windows.

1430 Midland Avenue #5E, Bronxville PO/Yonkers (2 Bed/1 Bath COOP)
Sold for $254,000
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.

6 Studio Arcade #3G, Bronxville (4 Bed/2 Bath Rental)
Rented for $5,000/month
Easy Commute – this is it. Located at the Bronxville Train station. Walk to everything in Bronxville. This unit is located on the second floor of a four-story walk-up building. Nonsmoking building.

PENDING:

1 Bolton Gardens, Bronxville (4 Bed/2 Bath)
Listed for $1,295,000
Stunning townhouse located in the heart of Bronxville Village. Coveted corner unit with patio checks all the boxes-hardwood floors, open Chef’s kitchen, central air. This unit has it all. HOA includes on-site parking space, heat, snow removal and outside maintenance.

403 Crestwood Avenue, Tuckahoe PO/Yonkers (3 Bed/2 Bath/1 Half Bath)
Listed for $939,000
Beautiful home located in the highly desirable community of Crestwood. It is set on over a third of an acre and has been lovingly maintained by the same family for over forty years. Lower level has an additional 807sf of living space with sliding glass doors that open to the expansive backyard with a fabulous built-in pool. Approximately one mile to Metro North for an easy commute to NYC.

40 Parkway West, Mt. Vernon (4 Bed/3 Bath/1 Half Bath
Listed for $889,000
Stately Tudor located in the highly desirable Aubyn Manor area of Fleetwood. This house is surrounded by lush lawns and mature plantings and has been meticulously maintained over the years. Enter into a gracious living room with fireplace, a formal dining room, and a fabulous eat-in chef’s kitchen. Third level is a 4th bedroom, a full bath and storage space. The lower level has 445sf of finished bonus space. Ideal location to enjoy all that Bronxville and Fleetwood have to offer.

45 Pondfield Road W #3G, Bronxville PO/Yonkers (1 Bed/1 Bath COOP)
Listed for $239,000
Beautiful unit in a pet friendly, elevator building. Lots of natural light and tree top views. Walk to everything in Bronxville Village and Metro North Train Station.

2160 E Bronx Park #4G, Bronx (1 Bed/1 Bath COOP)
Listed for $239,000
Charming one bedroom in a lovely pre-war building in the Pelham Parkway section of the Bronx. Arched entryway leads to a sunken living room filled with lots of natural light. Hardwood parquet floors. Tall ceilings with crown moldings throughout. Close to everything the Bronx has to offer including the Bronx Zoo and the New York Botanical Gardens. Super convenient location. Lots of shopping and great eating options nearby.

Low monthly maintenance too.

NEW LISTINGS

127 S. Terrace Avenue, Mt. Vernon (Commercial)
Listed for $1,429,000
Two buildings — main building is 2,928 SF per floor, total of 5,857 SF. The first floor has a workshop/storage area that is 800 SF, 4 private offices, 2 bathrooms, a kitchenette and a boiler room. The second floor of the main building has a 1,500 SF workshop/storage room, 4 offices and 1 bathroom. The second building is 870 SF. It has a rollup garage door that is 9 ft high and 7’6″ wide and a loading dock. The ceiling height is 11 ft. There is a bathroom and a small office. The combined space is 6,727 SF. Fenced in yard. The total lot size is 9,352 SF.

6 Studio Arcade, Bronxville #4H (4 Bed/2 Bath Rental)
Asking $4,900/month
Commuters dream located next to the downtown tracks of the Bronxville Metro North station. Walk to school, shopping, library, everything Bronxville has to offer. Updated kitchen and bathrooms. Sun streams into this top floor unit which has east, west and southern exposures.

10 Alden Place #4B, Bronxville PO/Mt. Vernon (2 Bed/1 Bath RENTAL)
Listed for $3,200/month
Fabulous Alden Place apartment with tree top views. This Bronxville PO/Mt. Vernon School District, apartment is on the top floor of a walk-up building. Renovated kitchen and bath. The gracious living room has French doors that overlook a park. Beautifully finished hardwood floors throughout. Five-minute walk to Bronxville Village.

The residential sales group at Houlihan & O’Malley represents both buyers and sellers in real estate transactions throughout Westchester County. Let us show you how our tradition of excellence combined with new approaches can make it work.

August 18, 2022

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

July continued to be busy for Houlihan & O’Malley. We’ve really enjoyed helping so many people find a home, sell a home or rent a home.

We provide clients with a comprehensive, high-quality service. So, when if you decide to buy or sell your home, be sure to take advantage of the knowledge, experience, and professionalism Houlihan & O’Malley has to offer. It would be our privilege to be your Realtor®.

SOLD:

39 Oriole Avenue, Bronxville (4 Bed/3 Bath/1 Half Bath)
Sold for $3,100,000
This ‘walk to all’ Village location is the perfect blend of suburban and in-town living. Home was extensively renovated in 2015. Charming three season porch and an expansive slate patio. Second floor includes a delightful den with wood burning fireplace. Third floor has the perfect ‘work from home’ hide out.

73 Summit Avenue, Bronxville (3 Bed/2 Bath/1 Half Bath)
Sold for $1,820,000
Historic Hillard home nestled on a private quarter acre. Beautifully renovated. Lower level has lots of possibilities. Beautiful flat yard. Two wood burning fireplaces. Lots of storage. Walk to all that Bronxville has to offer.

19 Scenic Lane, Yonkers (3 Bed/3 Bath/1 Half Bath)
Sold for $865,000
Spacious townhome in the gated community of Winchester Village. Private primary suite has cathedral ceilings and lots of closet space. Family room with fireplace. Two car garage. Enjoy all the amenities the Winchester has to offer-pool, tennis, clubhouse, playground, & fitness center. Close proximity to shopping, restaurants, transportation and parkways.

47 Columbia Place, Mt. Vernon (3 Bed/1 Bath/2 Half Baths)
Sold for $715,000
Sun-filled Colonial located on a quiet tree-lined street in the Huntswood section of Fleetwood. Lovely room flow. Lots of updates including Central AC and electric car hook up.

1 Midland Gardens #5D, Bronxville (1 Bed/1 Bath COOP)
Sold for $327,000
Spacious apartment in sought after Midland Gardens conveniently located in the heart of Bronxville Village.

Hardwood floors through-out and lots of closets. Private storage unit in the basement is included in the maintenance. Unassigned lot parking. Maintenance includes all utilities-electric, gas, heat, hot water and sewer.

10 Alden Place Unit 1B, Bronxville PO/Mt Vernon (2 Bed/1 Bath Rental)
Rented for $3,200/month
Fabulous Alden Place Apartment. Bronxville PO/Mt. Vernon School District apartment is a five-minute walk to Bronxville. The large and gracious living room has French doors that overlook the park like grounds. Separate dining area off of the kitchen. Beautifully finished hardwood floors. Unassigned parking. Individual locked storage bins. Laundry facilities in the basement.

PENDING:

141 Main Street Unit A, Tuckahoe (4 Bed/3 Bath/1 Half Bath Condo)
Listed for $1,315,000
A Townhouse like no other! Room to spare in this bright and sunny corner unit. Just steps to nearby playground, tennis, basketball, and all that Tuckahoe, Crestwood and Bronxville have to offer. Short walk to Metro North. Convenient to many shops, restaurants, and the Bronx River Parkway path. Lake Isle CC membership eligible.

189 Warburton Avenue, Hastings-on-Hudson (3 Bed/2 Bath)
Listed for $725,000
Classic 1955 Cape Code style home with breathtaking views of the Hudson River. Hardwood floors throughout.

Large living room with wood burning fireplace and access to the deck overlooking the Hudson. Family room with panoramic views too. Additional room that can be used as an office/den/bedroom. Basement features a one car garage, oversized storage room, large utility room with washer/dryer. Gorgeous year-round sunsets!

NEW LISTINGS:

1 Bolton Gardens, Bronxville (4 Bed/2 Bath)
Listed for $1,295,000
Stunning townhouse in the heart of Bronxville Village on the market for the first time in 30 years. One of the few coveted corner units with a large private patio. Open Chef’s kitchen and glass doors to a lovely flagstone patio. Original hardwood floors. HOA includes one assigned parking space (in front of home), heat, snow removal and outside maintenance.

40 Parkway West, Mt. Vernon (4 Bed/3 Bath/1 Half Bath)
Listed for $889,000
Stately Tudor in the highly desirable Aubyn Manor area of Fleetwood. Surrounded by lush lawns and mature plantings, this house has been meticulously updated and maintained. Well laid out home has four levels including a lower level (445sf) of finished bonus space. Many updates include an all-glass breakfast room, a wood deck, a primary bath, solid wood front door, and a new Vermont slate roof. Walk to the Bronxville or Fleetwood Metro North station as well as all the many shops and restaurants.

Call Houlihan & O’Malley for all your real estate needs – 914.337.7888

July 22, 2022

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

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.

July 20, 2022July 22, 2022

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.

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.

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.

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.

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.

January 28, 2022

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

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.

January 7, 2022

2021-Westchester Real Estate-One for the Record Books

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!

December 9, 2021January 26, 2022

HOULIHAN & O’MALLEY NOVEMBER ‘21 ACTIVITY

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

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.

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

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.

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

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.

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.

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.

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!