Larchmont Condos & Cooperatives:
Often when buyers are first looking at Westchester coops and condos, they make a beeline to condo/coop hotspots like White Plains without giving a passing glance at some of the towns and villages in the surrounding areas. But often after looking for a while they realize that these towns and villages give them more of what they are looking for in terms of ambiance and convenience.
Larchmont NY has long been a popular destination for buyers of single family homes, but Larchmont is also a popular location for those looking for condos or cooperatives. A cluster of these condos and cooperatives are located in a prime location within one to two blocks of Metro-North. The two block area encompassing North Chatsworth Ave, Jefferson St., Washington Square and Myrtle Blvd. The area is not technically in the village of Larchmont, but is rather part of the unincorporated portion of the town of Mamaroneck. The area is zoned for Murray Ave Elementary school.
The Stonecrest – 21 North Chatsworth Ave – Larchmont NY:
The Stonecrest, located at 21 North Chatsworth Ave Larchmont is a luxury cooperative in a doorman building – located roughly two blocks from the train station. The stately Pre-War Tudor complex boasts one of the finest locations in the area. The Roughly two blocks from the train station and a similar distance to shopping and fine dining, I am hard pressed to think of a more convenient loation. The address has a walk score of 92 out of 100 making it a walker’s paradise.
This location is conducive to the lifestyle that the village offers. Larchmont restaurants offer up a wide variety of cuisine for this bedroom community which seems to have a penchant for eating out. During the warmer months, outdoor eating is very popular. Residents often walk from the train to the local shops or to their favorite restaurant before heading home. If you live at the Stonecrest, you can easily leave the car behind for days at a time.
The entry and common spaces in the complex have a decidedly Tudor aesthetic complete with wood beams and stained glass windows. The units themselves have high cove ceilings and spacious layouts. Most get a great deal of natural sunlight. Parquet hard-wood floors are also a marvelous benefit of living in an older complex. An interesting bit of trivia: Lou Gehrig and his wife called the Stonecrest his home until 1940.
There is a wait list for parking – and dogs are not allowed. Cats are permitted with board approval.
Recent Sales History at the Stonecrest:
The following charts below show the pricing history from 2005-2009. The sales volume in the complex is fairly low so statistically significant numbers are difficult to come by. The pricing peak in 2006 and 2009 for 2 BR units represent a situation where only one such unit sold throughout the year. These units were large 1 BR units that were both in the “A” line which is a line with 1450 sf. They represent a distinctly higher price point from other 2 BR units of more conventional size (1200 sf.) The gradual decline in prices from 2005 on is still apparent, however, it is more consistently reflected in 1 BR units which have dropped roughly 20% from a high median price of $327,000 in 2005 to $261,000. in 2009. 3 BR units have a history of commanding well over $600k. These units are large and closer to the size of a small home at 1800 sf than a typical cooperative. Studios are sometimes available and have sold for as much as $163,000, but tend to have a range that is slightly under $160k.
There have only been two sales in 2010 so far. Both were 1 BR units and opposite ends of the price spectrum. The higher priced unit had many upgrades including a top-of-the-line kitchen, built-in bookshelves and a separate den area. The other was a 1 BR conversion of a studio. the median price for 1 BR units in 2010 $213,000 but this price is artificially low due to the low square footage of the converted studio.
Further Reading:
Living in the Village of Larchmont NY
Larchmont NY Condos & Cooperatives – Murray Ave Elementary School:
See more photos of the Stonecrest on Flickr:
To Search for Homes and for further information go to my website/blog with free home search at The Westchester View.
I am always happy to answer your questions and you can speak to me directly on my moble phone: 914-374-5529.
© 2010 – Ruthmarie G. Hicks – thewestchesterview.com. All Rights Reserved.
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