The residential real estate market within 10580 — Rye City, Rye Neck, Westchester Country Club grounds — is rarely anything but crazy busy.
By Robin Jovanovich
The residential real estate market within 10580 — Rye City, Rye Neck, Westchester Country Club grounds — is rarely anything but crazy busy. And judging from market activity in the first half of 2014, despite a harsh winter and a cold, gray early spring that kept buyers indoors and sellers on the fence, this is going to be another banner year.
As of June 1, 67 single-family homes, priced from $400,000 to $5,925,000 million, had sold and 63 were in contract. That leaves 111 active listings, the greatest number at the high end — $3,350,000 up to $12,500,000.
Homes haven’t necessarily sold quickly; the days on market range from 10 to 548, but in the majority of cases homes have sold for close to the original list price. The standouts were 10 Ann Lane, which sold for $2,900,000, more than one and a half times the $1,695,000 asking price, and 24 Locust Lane, which sold for $586,000, 130% of the $450,000 list price.
While potential teardowns have been flying off the market, there have been price reductions on older homes with good bones but without the kind of amenities and open layouts many of todays buyers are seeking. It’s fair to say that buyers are willing to pay top dollar to live in Rye — and with rising property taxes ours is not an affordable community for most — but fewer and fewer want to pay $2,000,000 for a fixer-upper.
Among the houses currently on the market that garnered our attention are:
A 2-bedroom, 2-bath cottage tucked on a quiet lane off Milton Road is listed at $430,000. It has an enclosed and sunny front porch and is just up the hill from Corner Stone.
A charming 5-bedroom, 3 bath brick Colonial in Indian Village, built in 1916 is listed at $1,675,000. It has vaulted ceilings and a sunroom. The kitchen was renovated in 2011.
A 6-bedroom, 6-bath, three-story stucco Colonial near Rye Town Park, built in 1920 and renovated in 2014, is listed at $2,145,000. It has an Art Deco family room on the lower level and is on one of the prettiest streets in town.
A 5-bedroom, 5-bath converted carriage house on 1.36 acres on Locust Avenue is listed at $1,995,000. It has a large living room and formal dining room and a deck overlooking a pool, and it’s within walking distance of town and train.
A 6-bedroom, 7-bath Tudor on .64 acres in Greenhaven is listed at $2,975,000. This gracious 1929 home has been meticulously renovated and comes with deeded beach and mooring rights.
The data was provided by Marianna Glennon, a licensed salesperson at Houlihan Lawrence.