Sunday, September 15, 2013

What $297,000 Gets You in Peekskill, NY

I just closed on a cozy and mint condition cape in Peekskill, NY.  This house on Hoover Avenue is conveniently located as it is less than one mile to shopping, dining, Route 9, and only a few minutes to the Peekskill and Cortlandt Metro North train stations.  This makes for a very easy NYC commute.  This 1940 cape cod sits on .16 acres and features 3 bedrooms, 1 bathroom and 1300 square feet.  It also features an addition finishable space on the second floor which will easily turn this into a four bedroom home.   This house is tastefully updated, yet has kept its old world charm.  This house is one of the few streets in Peekskill that belongs to the Hendrick Hudson School District.
The property was listed at $299,900.  As with many properties in Westchester County, this house sold close to asking price.  The negotiation for this house was a bit out of the norm.  It had been on the market for several months without too much activity.  Under normal circumstances, a buyer most likely would have been able to purchase the property at a lower price.  However, because the house was purchased at the height of the market, if the price went any lower it would have resulted in a short sale.   This would have not been good for anyone!  My buyers new that if that were to happen, it was possible that they might never get the house.  More importantly, they’re qualification was extremely tight and with the rising interest rates, they risked not being to qualify for the loan if the rates went up while waiting for the short sale.  They gladly agreed to pay the amount needed to avoid a short sale.  The house ended up appraising and this turned into a win-win for all parties involved.  We finally closed on this property on Friday the 13th.  There was no curse here!  This ended up being one of the nicest closings I’ve had in a long time.  Everything went smoothly.  The buyers couldn’t have been more excited to finally receive their new home, and the seller was extremely happy that the house was going to be in such good hands. 
Westchester County continues to show signs of a strong housing recovery.  If you are looking to purchase or sell a home in the Westchester/Putnam/Dutchess area, or if you have any questions on the buying or selling process, please don’t hesitate to call, text or email.  I will be happy to help.


Tuesday, September 10, 2013

What $720,000 Gets You in Yorktown, NY




I just closed on a unique horse property in Yorktown, NY.  This house on Baldwin Road is conveniently located just minutes from the middle of town, yet less than a mile from the Taconic State Parkway.  This makes for a very easy NYC commute.  This turn of the century farmhouse sits on 3.35 acres and features 4 bedrooms, 3 bathrooms, 2500 square feet and an inground pool.  The unique features of this property are its three stall horse barn and separate cottage.  The cottage can be rented out to help pay the carrying costs of the house.     
The property was listed at $725,000, which induced a bidding war.  As with many properties in Westchester County, this house sold close to asking price.  After a very intense negotiating period, my buyer was determined not to lose this property.  We placed a successful bid of $720,000.  We finally closed on this property yesterday.  Under normal circumstances, the buyer would be moving in and enjoying the new home.  However, this sale included a lease back period and a post closing possession. 
Yorktown is one of many areas in Westchester County that has seen positive shift in the housing market.  If you are looking to purchase or sell a home in the Westchester/Putnam/Dutchess area, or if you have any questions on the buying or selling process, please don’t hesitate to call, text or email.  I will be happy to help.