MLS # 5023196 Unique charm and character await you in this completely renovated (2014) 4 bedroom, 3 bath 2428 square foot expanded craftsman style cottage in New Rochelle’s Historic District. The open floor plan with its hardwood floors will delight, featuring a beautiful new kitchen, granite counters, stainless steel appliances, and family area, leading to the living room with its original huge fireplace. There are 3 bedrooms on the first floor with a hall bath, master bedroom, and bath which overlooks the deck, patio with a lovely pergola and charming courtyard below. The lower tiled level boasts a bedroom, bathroom, and laundry. The property is located on a lush 0.47 of a park-like acre, with a one car garage, and is close to transportation, fine dining and just 30 minutes from New York City, and minutes away from our vibrant downtown New Rochelle. Don’t forget the community red clay tennis courts. Perfect! Being offered at $749,000.
New Rochelle has a beautiful historic district that was commonly known as the “Gold Coast’ back in the turn of the century. It was close to the city, and way back then, you could buy a home from anywhere from $3-5000! But what gorgeous homes! Victorian homes, Antebellum Mansions, Colonials, Tudor homes and all with such rich architectural detailing not found in today’s homes.
One home, built later in 1938 but located in Rochelle Park, was originally built with a barrel roof, a huge fireplace, and the original kitchen was on a lower floor which accessed a private courtyard, with the two bedrooms, living room on the first floor. The living room was HUGE with a dramatic high ceiling and unique chandelier. The owners decided to totally renovate the home back in 2014, and enlarged the home to feature 4 bedrooms, a kitchen with granite counters (now located on the first floor), 3 full bathrooms, new roof, beautiful hardwood floors throughout the first floor, and a deck overlooking the courtyard along with a charming pergola with a bench that is nestled amidst lush flowers and plantings. The property boasts 0.47 of an acre too!
With the new increased New York City Mansion tax, and Transfer tax, it just makes sense to purchase a home in Westchester that doesn’t require those taxes!
Ten reasons to purchase this home?
It is located just over a mile from New Rochelle’s vibrant downtown.
TAXES ARE JUST $20,184 before the STAR discount if eligible
“Unique charm & character await you in this completely renovated (2014) 4 bedroom, 3 bath 2428 sq. foot expanded craftsman style cottage in New Rochelle’s Historic District. The open floor plan with its hardwood floors will delight, featuring a beautiful new kitchen, granite counters, stainless steel appliances and family area, leading to the living room with its original huge fireplace. There are 3 bedrooms on the first floor with a hall bath, master bedroom and bath which overlooks the deck, patio with a lovely pergola and charming courtyard below. The lower tiled level boasts a bedroom, bathroom, and laundry. The property is located on a lush 0.47 of a park-like acre, with a one car garage, and is close to transportation, fine dining and just 30 minutes from New York City, and minutes away from our vibrant downtown New Rochelle. Don’t forget the community red clay tennis courts. Perfect!”
There will be an open house on Sunday July 14th from 2-4 p.m. Come and visit. You will love it! This home is being offered at $749,000.
The stats are referencing absorption rates. We always refer to absorption rates as being an indicator of the current real estate market, and we define that market as either, negative, positive or balanced. A balanced market would be 5-6 month of inventory, a seller’s market would be under 4 month, and a buyer’s market would be over 6 months. More homes, more competition for sellers, greater advantage for buyers.
Mayor Noam Bramson , always informative, invited all of the local Realtors to City Hall for an update on the city to address the hopes and concerns of the current and prospective residents,
and it was very well received! Why not!
SO, what is happening? Present were Luiz Aragon (Commissioner of Development) , and John Barnes (the Principal of the Albert Leonard Middle School) in addition to Noam.
Mr. Aragon (who has been so great) commented on how 3 1/2 – 4 years ago, the City had started to pave a new path for a bright future for investment and development in New Rochelle. He had centered on approximately 300 acres of land in the downtown, with the New Rochelle Library and train station being a central point (“the heart beat of the city”) , and his goal – along with the powers that be in New Rochelle, was to build a gateway toward a dynamic New Rochelle, with new buildings, great walkability, a South Street Seaport like venture -all to further our great city. New Rochelle is also the only city in Westchester to have Amtrak train service go to Boston and Washington.
They had allowed themselves a 10 year time frame for this undertaking, and already 50% of the projected plans have been approved. Partnered with RXR, these projects are grounded in reality, creating a zoning code that has been easier to follow than the past with RXR underwriting the environmental review thus shortening the usual time span required to file for new buildings. Some of the projects includes new rental buildings . For example, where the Smoke House is currently located will be 74 Housing Units with municipal parking. Young Companies has several buildings planned all the way from the car wash to Fifth Avenue.
Two Hamilton Avenue by Spiritos Properties is another development where the facade will be restored to its original glory with four additional Timber Construction floors with residential units. Did you know that New Rochelle will be the first community in the region to have an entire timber constructed building?
ELD Properties are building New Ro Studios at 11 Burling Lane offering a preference to artists, and the ground floor will feature a co-working space for the artist residents! Across the street from there at 22 Burling Avenue, ELD is constructing a building with a center courtyard with a tropical garden!
64 Centre Avenue will be the site of a 110 unit building – all rentals with some commercial space on the ground floor. Where the Loew’s Theatre was once located – 587 Main Street will house a 10,000 square foot Black Box (inter changeable) Performance Theatre.
391 Huguenot will replace the U-Haul company currently there with a robotic parking. Adjacent to the former Church/Division Street parking garage, will be the new site of a self-serve hotel with 80 rooms.
Where the Church/Division Street parking garage once was, RXR Realty will be building two 28 story residential towers, and a public pedestrian plaza offering an environmental friendly pocket park.
500 Main Street – where the Covenant Church stood, will, in partnership with the Baptist Church occupy the ground level.
A new dormitory is being planned for Locust Avenue by the St. Katherine’s Group – a private development in partnership with Monroe College.
14 LeCount Place will be the site of two towers – 28 stories tall with 500 units total. This is the undertaking of Wilder Balter Partners, Inc.
Macquesten Development, LLC in partnership with the city has planned a 27 story Residential building at 45 Harrison Street..
45 Harrison will house the new City Hall with the fire station being relocated to a new fire station site (to be built).
The Printhouse is being built by East & Hudson and Megalith, located at 165 Huguenot Street will be a 6 story, high end 71 unit building complete with a rooftop terrace, residence lounge, state of the art fitness center, and ground floor retail! This is expected to be completed in 2018!
The Cappelli oganization is building at 251 North Avenue which will feature both retail and apartments.
Twining Properties has a long term project in the works at Pratt Landing where it will resemble a South Street Seaport with great walkability from downtown. The 100,000 square feet of space will be the site of housing units, town homes, condos and a 200 bed hotel. This is in the marketing phase.
In all, approximately 6370 new housing units have been planned, with approximately 3300 right now approved.. The condos at the old Beckwith Pointe ( Watermark Point) have been a tremendous success with over 30 of the condos currently sold (72 condos in all).
In order to attract all of this development, there has been a PILOT program utilized ( Payment in lieu of Taxes) with the city receiving approximately 120 Million in net benefit over a 20 year period. The question of parking ( always a concern) was brought up, and it was mentioned that developers must offer one parking spot for each unit. However, developers can also pay into a fund which can reduce up to 30% of the parking requirement. The fund will be utilized to build new parking garages.
Mr. John Barnes , who has been the Principal of the Albert Leonard Middle School for 6 years then spoke about the school system.
He spoke of the wonderful languages the schools offer ( Please see my earlier blog on this subject!), the 80 sports teams – 56 teams being at the High School, 24 teams at Albert Leonard – and of course he mentioned our undefeated soccer team! There is a recycling club, a writers workshop, more than 32 AP classes offered, and of course, every single Ivy League School will be represented by at least one New Rochelle student this fall. See my blog on the Top 33 Student college choices!
Lastly, two representatives from ENERGIZE New Rochelle spoke on how residents can lower their energy costs. “New Rochelle is partnering with a non-profit program, Energize New Rochelle, to encourage home owners to take advantage of a home energy savings program. ” The program pairs home owners with licensed contractors to go through their home to find ways they can save money by making their home green. (914 – 302-7300, ext. 8102) New Rochelle.EnergizeNY.org
New Rochelle – a city – but we all know one another- it just feels like a village! New Rochelle – Ideally Yours!
Thank you Noam, Luiz . Energize New Rochelle and Mr. Barnes for a great presentation!
I always like to attend the award ceremony to see which colleges the top 25 students will be attending. They are all so very accomplished, and I am always so impressed with their individual accomplishments.
Here are the choices for this year!
Dartmouth College – 105,175 unweighted average- Major Math/Computer Science /Government (still undecided)
University of Michigan – 104.82 Unweighted Average
Cornell – 104.51 Unweighted average – Neuro Science
Villanova – 104.41 Unweighted Average – Business
Boston University – 104.39 Unweight Average – Research in Medicine
Fordham University – 104.08 Unweighted Average – Pre-Med (also has a patent on a wall climbing vehicle).
University of Michigan – 104.03 Unweighted average – Finance /Business & Technology
Harvard – 103.95 Unweighted Average – Law
Stonybrook – 103.93 Unweighted Average -Computer Science/Artificial Intelligence
Vassar- 103.5 Psychology
Middlebury College – 103.25 Unweighted Average – Dentistry
Boston University – 103.3 Unweighted Average
Connecticut College – 103.49 Unweighted Average English
New York University – 103.54 Unweighted Average – Civil Engineer
Barnard College – 103.12 Unweighted Average – Cardiology
UCLA – 102.67 – Unweighted Average Acting
Northeastern University – 102.2 Unweighted Average – Climate Change
School of Visual Arts – 101.84 Unweighted Average – Graphic Animated Novels & Masters in Art
Purdue – 101.738 Unweighted Average – Aerospace Engineer
Virginia Tech- 101.6 Unweighted Average – Mechanical Engineer
University of Chicago – 101.45 Unweighted Average – Education
St Johns – 100.10 Unweighted Average – Pharmacy
Amherst – 100.09 Unweighted Average –
Wake Forest – 100.077 Unweighted Average –
University of Florida – 100.055 Unweighted Average
Did you know that for just $300 per year, you can join the Rochelle Heights Racquet Club and enjoy tennis from May until October. There are 2 red clay courts available for use, and while the courts are located within the Historic area, the courts are actually open to all – as long as they pay the dues! Interesting to note, when the court temperatures can register 100 degrees elsewhere , the courts in Rochelle Heights are 20 degrees cooler due to the shade provided. Sounds Great? There is more! As you get older, and those joints get stiffer, the red clay tennis court is gentler on those knees. Margaret Chadwick, Vice President of the Rochelle Heights Neighborhood Association mentioned that the 2 courts are perhaps the oldest non-private red clay courts in the United States !
All members are responsible for sweeping the courts after them, locking up, and having fun! For information regarding either the The Rochelle Heights Neighborhood Association or the Rochelle Racquet Club, please call Margaret at 914.633.4128
What is New Rochelle’s Historic District and when did it originate? What is now known as New Rochelle’s Historic District and embodies Rochelle Park and Rochelle Heights, was once farmland and orchards until the 1870’s. The Manhattan Life Insurance Company bought the land in 1881 (through foreclosure proceedings), and while thought quite adventuresome, the owners decided to transform the somewhat rugged land to a beautiful residential neighborhood, unlike any other in New Rochelle!
An English Architect, E.A. Sargent designed the stone pillars leading into the now Rochelle Park area, and 115 building lots were laid out and nearly one third of the land was set aside for streets, sidewalks and pathways of grass. Originally as you entered into the community, there was a 54 foot wide driveway with an 8 foot blue stone sidewalk, and a 15 foot strip of grass planted with trees. All streets led to the Great Lawn with the exception of the Court and The Serpentine which was an intrinsic part of the design, and noted to be of great value within the park with its curved thoroughfare.
The Great Lawn was created for outdoor gatherings, and to also afford a grand vista of the surrounding area. It is interesting to note that in a House and Garden article (May 1904 article by Samuel Swift), he alludes to the “green breathing spot” and “the nearness of an ordinary town is quite forgotten.” (Even in 1904, people were beginning to appreciate the importance of green living. It was felt that The Serpentine offered imagination, elegance and though there could have easily been straight roads built throughout, The Serpentine was a reflection of the artistry of the landscape architect. The outcropping of rock was left to retain some rusticity, and 50 lots were initially sold for $2000 each so it would seem that the insurance company did realize a profit at the end of the day, once again confirming that real estate is the best long term investment.
As a way of protecting their investment, it was mandated that the houses built facing the Boulevard would cost no less than $3000 and no more than $5000. However, homes on other streets cost much more with stables, etc. After some 25 families bought and built in the community, the Rochelle Park Association was formed to take away the management aspects of the insurance company, and henceforth the Association held annual meetings, with each homeowner carrying one vote, and the insurance company having 30. The revenue of the Association was about $2500 a year with each lot owner contributing $25, and this tax paid for the roads to be mended, the lawns to be maintained, but there was great discussion at the time that the homeowners were taxed doubly by the city and the Association. A solution was reached when the city, in realizing the park maintained about 2 miles of city roads within the park, stated in 1903 that they would light the park road free of charge!
The Association is still in existence, but the now $50 yearly fee is not mandatory, and all are welcome to the meetings. This suggested contribution goes towards the upkeep of the Great Lawn, etc. It should also be noted that while the community was open to all when it was first built, it was closed once or twice a year in order for them to claim Rochelle Park as a private community. The homeowners felt that if in paying that secondary tax, it afforded their privacy then it was well spent money to live in an area they cherished.
Rochelle Park and Rochelle Heights was named as New Rochelle’s first local Historic area in 1986 for the purpose of preserving the architectural details of the stately mansions.
This basically means that if any home-owners wishes to change windows, siding, shingles, roofs – any exterior changes or even landscaping then they must complete an application to the New Rochelle Historical and Landmarks Review Board (HLRB).
The Historic District covers The Circle next to the I’95 and goes from North Avenue to Potter Avenue to Fifth Avenue.
Homes range in all prices and over the years some of those majestic mansion owners have sold some land, and so you will find the mid century modern home (split level) home there too! We are also honored to have some famous people living and or who lived in our Historic District including Ossie Davis and Ruby Dee.