What Kind of House Can You Buy in Yonkers for $550,000?

By
Real Estate Broker/Owner with J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY License # 49FA1074963

Sold by J. Philip Real EstateYonkers is the largest city in Westchester County with a population hovering near 200,000. It borders the Bronx to the south, Mt Vernon and Bronxville to the east, and Hastings and Scarsdale to the north. It has some fantastic Hudson waterfront all along the western border. It is also the former home of my parents, who both lived on McLean Avenue when they were dating in the 1940s. My father graduated from Roosevelt High school on Tuckahoe Road in 1938.

What does 550,000 buy in Yonkers these days? We recently had a buyer close on a 2004-built 2 family brick home on a cul de sac for $555,000. It originally went on the market in 2005 for $900,000. How times have changed. The home has separate utilities, including heat, two 3-bedroom 2 bath apartments, each with its own balcony with a stunning view of the city, and a finished basement. Other nice characteristics include central air conditioning, hardwood floors and Andersen windows. It was a short sale and took 5 months to close, and we'll most likely help the owners grieve their taxes to a lower amount given the high assessment. 

The home is located near Sacred Heart and Gorton High School, with North Broadway and many other city conveniences in close proximity. 

If you'd like more information about Yonkers real estate, remember it is a family affair with us, and we have deep ties there. I actively sell there and a free Listingbook account will allow you to search the MLS for Yonkers homes.

Yonkers in Westchester County 

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Rainmaker
1,717,953
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Philip - that is a lovely home for $550,000 - I just sold a condo in Georgetown for slightly less than that and it is barely big enough to turn around in but it is in the heart of everything....

Oct 05, 2010 01:00 PM #2
Rainmaker
841,108
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

A big drop on the price...

Oct 05, 2010 01:03 PM #3
Rainmaker
733,028
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Two family brick home built in 2004 sold for $555K? Wow, that is a great price for some good possible rental income?

Oct 07, 2010 02:28 AM #4
Rainmaker
271,564
Chris and Maria Jeantet
Coldwell Banker C&C Properties - Redding, CA
Redding CA Real Estate Couple

I've been meaning to do a similar post for our area and just picked up a few ideas from your article, well done.

Oct 07, 2010 04:43 PM #5
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Rainmaker
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J. Philip Faranda

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