This large colonial revival is situated in an established older neighborhood in Mount Vernon, Westchester County, NY, which is a very desirable location in the NYC metro area. Listed for $474,900, this house can be had for less 70% of its 2005 sale price of $680,000 (6/23/2005). Zillow.com estimates that this house is now worth $606,500.This property is in an owner-occupied area, and it seems unlikely that it could be rented for an amount sufficient to cover the mortgage and other costs. However, this REO will be a great opportunity for an owner-occupant who commutes to the city, as there is easy train access from this location. This is a charming house in a great location, so check it out if you’re looking for a house in this price range --- it is an excellent value.
The basics...
Address: 11 Parkway Circle, Mount Vernon, NY 10552
Current Listing Price: $474,900
PREVIOUS Sale Price: $680,000 (6/23/2005)
Size: 5 Bedrooms, 3 Bathrooms; 2,800 square feet
Lot: .15 acres
http://www.realtor.com/realestate/mount-vernon-ny-10552-1101713422/
1 comment:
This house is beautiful and has a lot of potenial but it needs a great deal of work, i.e., at least $100,0000 in renovations.
I saw it in summer 2007. The basement was flooded months before that and had awful mold. The electrical wiring would need to be re-done down there. The boiler needed to be replaced, as well. At least one the upstairs bathrooms needed to be completely re-done due to the problems with the floor. One minor drawback of the house is that it doesn't have any backyard to speak of, just concrete really.
Someone had clearly broken in and been using the place to crash, as was evident from the used condoms, cigarette butts and empty wine bottles we found throughout the place. This gave me a creepy feeling. That and the fact that that the previous owner's clothes and personal articles were still littered throughout the house.
So, if you have $100,000 to invest, I think this house could be amazing. But it's not ready to love in.
And one final thing - it's a tudor, not a colonoial.
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