Realtors React to Reval and this Week's Home Sales

With heads spinning over the revaluation, we asked two leading realtors in Scarsdale to give us their interpretation of what it will mean. Here is what we learned: Mark Nadler of Prudential Centennial said, "The results of the revaluation are causing dozens of people to contact tax reduction specialists, real estate brokers and the Village as these owners received significantly higher valuations which will lead to substantial tax increases. I have received one call from an owner concerned about the substantial reduction in their valuation and what it will do to their efforts to sell the house for a strong market value down the road. The suggestion from the Village seems to be to hire appraisers to come in and give an independent valuation. This is challenging because accurate appraisals are more difficult to accomplish in high-end markets. My suggestion is that owners contact a real estate broker they know and trust and have a market analysis done of their home so see whether the new value is actually over assessed instead of merely an increase. The "zero sum gain" that the Village keeps referencing does not address the inaccuracies of the valuations that were done."

Lewis Arlt of Houlihan Lawrence said, "It is certainly a subject of much conversation among homeowners. Of significance is the news that according to Tyler Technologies, 75% of properties either went down in assessed value or remained about the same. For the remainder, the good news is they now have an opportunity to review their new assessments between now and April 16, before they're posted on the tentative assessment roll. We will be closely monitoring the assessor's office for further updates. Historically, revaluations take some time to shake down and find their appropriate levels. And the process is still an ongoing one, with final assessments due out September 15."

Sales:
21 Carriage House Lane: Country Club Living! A golfers dream, this elegant Quaker Ridge home backs up to Winged Foot Golf Club's 4th hole with magnificent views. Masterfully re-designed and fully renovated this home boasts a chef's kitchen with Wolf and Sub-Zero Appliances, gorgeous white marble counter tops and a huge center island. Open floor plan with family room off the kitchen, wet bar as well as a formal dining room, living room and den which complete the first floor. Master bedroom with a beautiful master bath, plus four bedrooms and hall bath.

Sale Price: $2,150,000
Real Estate Taxes: $44,930

17 Hearthstone Circle, Edgemont: Classic, custom built, five bedroom Colonial with a contemporary feel. Choice location in Edgemont. Chic and savvy decor. Perfectly situated property at end of tree lined street on cul de sac. Sunny, renovated eat-in kitchen with top of the line appliances. Sliding glass doors to large deck overlooking pool and lush, flat, tranquil property. Hardwood floors throughout.. Automatic pool cover heats pool and saves monthly pool expenses.

Sale Price: $1,550,000
Real Estate Taxes: $31,982

13 Montgomery Road: Set in a perfect location, tucked away at the end of a Cul de Sac next to a park, this impeccable Edgewood home offers every comfort imaginable. A fabulous great family room off the kitchen is wired for surround sound. Large Master suite with 2 walk-in closets, 3 roomy bedrooms, great spacious finished Basement, including office or au pair suite. Wonderful garden with large deck.

Sale Price: $1,520,000
Real Estate Taxes: $30,743

20 Robin Hill Road, Edgemont: Lovely home with incredible light, space, layout and property. Conveniently located. Dramatic living room with cathedral ceiling and built-ins, French doors to large patio, separate dining room, updated kitchen with large family room. Master bedroom with marble bath. Five bedroom and five baths., 2 car garage, many new windows, gas Viking stove. Hardwood floors throughout.

Sale Price: $1,220,000
Real Estate Taxes: $31,128

288 Old Colony Road, Edgemont: Designed and built for its architect's family. Open and inviting floor plan allows the serene outside in. Beautiful expansive lush lawn with mature trees. Upper level bedrooms offer balconies with fantastic views. Over 3,200 square feet of living space offers potential for further grade level expansion in lower level. A short walk to Edgemont school and Metro North train will make this home convenient for families. Modern kitchen and baths are among numerous updates.

Sale Price: $1,080,000
Real Estate Taxes: $29,688

Featured Listings:

21 Hutchinson Avenue, Scarsdale
New to Market: Room to Grow...Backyard BBQs...Pool Parties...Expanded Ranch on level property with circular driveway. This home boasts oversized rooms with wonderful flow, perfect for entertaining. Featuring an extra large kitchen with center island and master bedroom that open to a large deck great for summer BBQs. Just step down to the garden and in-ground pool. Conveniently located a short walk to Quaker Ridge School. Text M329416 to 85377. See online here.
List price: $995,000

Private Beach and 180°Waterviews of LI Sound- - New Construction
This spectacular brand new 8,000 square foot home is located on cul-de-sac with 180° views of the Long Island Sound and private beach in Mamaroneck. This amazing home boasts a gourmet eat-in-kitchen with 2 dishwashers, 7 bedrooms, 5 full luxurious bathrooms and 3 half baths, 2 fireplaces, 3 balconies, state-of-the-art systems, 9' and 10' ceilings, heated garage and rocking chair porch. Water views from almost every window. A world apart from the ordinary. For photos and details text M330878 to 85377.
List Price: $3,695,000

27 Kent Road: New to market: Games of catch...Pancake breakfasts...Luxurious living... Gracious entry to this five bedroom, three and one-half bath sunny brick Colonial on half acre of beautiful grounds in the heart of Fox Meadow. Features include new bathrooms, 2-car garage and 2 fireplaces. Indoor and outdoor entertaining is a breeze with new eat-in kitchen and beautiful family room which lead to splendid outdoor patio. Conveniently located to schools and both Scarsdale and Hartsdale train stations. Text M332017 to 85377. See online here.
List Price: $1,545,000

84 Edgemont Road: This exceptional must-see beauty in Edgemont has it all, old world charm with modern amenities, high ceilings, room proportions and extraordinary windows. Twenty-six foot dining room, living room with fireplace, family room cabinetry and wet bar, renovated dine-in kitchen/family room. Sound system, gym, sauna. The master suite has two bedrooms, two baths and a fireplace. There are three additional bedrooms with two baths. Third floor has an additional 1200 square feet has three bedrooms, bath and a large recreation room. Level yard, pergola and outdoor kitchen. Learn more here:

List Price: $1,750,000

7 Hunter Drive, Eastchester: A beautiful blending of 21st century renovations and vintage mid-20th century style set on a choice .4 acre lot with expansive, fully fenced, level backyard. Nine-foot ceilings, finely crafted built-ins, marble and granite finishes all speak to the high quality of this spacious Lake Isle Estates home. Residents are eligible for optional membership in the Lake Isle Association and/or Lake Isle Country Club. Learn more here:

List Price: $1,240,000