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Sales Results for 2008 for Interlaken Gardens, Eastchester, NY

By
Real Estate Broker/Owner with Catherine Cornelia Real Estate

This is a community of 525 families situated on Lake Innisfree. It features a private beach with lifeguards to make your swim experience safe. In addition to swimming, you may boat or fish in the lake. With 44 acres, the garden style buildings offer peace, tranquility and privacy. It is a gem in Westchester County that many are not aware of. If golf or tennis is your passion, Lake Isle Country Club, a town park, offers very affordable resident membership.

 

With the current real estate market, we are not having many shareholders put their property up for sale. 2008 saw the fewest sales since 1988.

 

As a resident Broker, I can provide detailed information on my community, which is just one of the many reasons I specialize in Interlaken Gardens, Channing Place, and the neighboring homes and co-op apartments serving the Eastchester High School district. 

 

For the commuter, Crestwood Train Station is less than a mile from Interlaken and a 12 - 15 minute downhill walk. From there, it is 28 minutes into Grand Central Station. 

 

The following information represents the sale of cooperative apartments in Interlaken Gardens, Eastchester, NY for 2008. The source of the information is the Westchester-Putnam Multiple Listing Service. Apartments were represented and sold by multiple agents/offices. 

 

Interlaken Gardens 

2008 Sold Analysis 

 

Number of Units that Closed in 2008:  12 Average Days on Market (DOM) 150 

 

Type of Apartment Sold:

First Floor / One Bedroom    2 

First Floor / Two Bedroom    3  - Two Units were Simplex Units*

 

Second Floor / One Bedroom    3 

Second Floor / Two Bedroom    4 - Three Units were Duplex Units**

 

Properties were on the market an average of 150 days. Prior to July, 2008 the first floor units had accepted offers within three weeks. Currently, there are no accepted offers on any of the 9 active apartments. 

 

Sold Prices: 

First Floor / One Bedroom:   $211,000 - $275,000 Average:   $243,000 

  1175 California Road - 1R $211,000 148 DOM 

  1279 California Road - 1L $275,000 110 DOM 

First Floor / Two Bedroom:   $275,000 - $380,000 Average:  $340,000 

 41 Manchester Road - 1R $275,000 121 DOM 

 30 Manchester Road - 1 $365,000 108 DOM  Simplex 

  14 Field End Lane - 1  $380,000 102 DOM  Simplex 

 

Second Floor / One Bedroom:  $195,000 - $230,000 Average:  $208,333.33 

  4 Woodlot Road - 2L  $195,000 112 DOM 

  1241 California Road - 2L $200,000 193 DOM 

  11 Manchester Road - 2L $230,000 101 DOM 

Second Floor / Two Bedroom:  $255,000 - $358,000 Average:  $318,250 

  1213 California Road - 2R $255,000 170 DOM 

  10 Whitehall Road - 2L $320,000 424 DOM  Duplex 

 55 Manchester Road - 2L $340,000   85 DOM* Duplex  *Expired Twice. Total DOM = 391 

  13 Field End Lane - 2R $358,000 126 DOM  Duplex 

 

*A Simplex Unit has five rooms; Living Room, Dining Room, Kitchen, Two Bedrooms, One Bathroom and a patio off the Kitchen.

**A Duplex Unit is above the Simplex, two levels. The entry level has Living Room, Dining Room, Kitchen and then upstairs Two Bedrooms, One Bathroom

 

 

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Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Nice review for what is going on at Interlake Gardens!

Feb 13, 2009 04:24 AM