As White Plains NY condos go, Jefferson Place offers a great deal in the way of amenities for the money. The Residences of Jefferson Place is a condominium complex with a split personality. The complex spans on square block between Livingston Ave. and Rutherford Ave. in White Plains, NY with units on 300 Mamaroneck Ave. and 31 Greenridge Ave. Jefferson Place is located a scant half -mile from Trump Tower, the Ritz Carlton and the White Plains City Center. The city side – facing Mamaroneck Ave. is an eight-story urban mid-rise with a sophisticated brick façade. The façade reflects the growing urbanization of the city and is just steps away from all the shopping and dining that downtown White Plains has to offer. The suburban side of the complex on Greenridge Ave. gives a bow to the Highlands community where it resides. The units on Greenridge are three story walkup condos that have an outer façade resembling three story townhouses. The low-rise portion surrounds tree-lined streets, single family homes and other low-rise condo complexes.
Just across the street from the Mamaroneck Ave. side there is plenty of dining and take-out . The Westchester Mall, Whole Foods and the Cheesecake factory are an easy walk. The Ritz Carlton, Trump and City Center Mall are 10 minutes away by foot – so its easy to leave the car behind. Built in 2005, Jefferson Place a offers convenience, luxury and perks at a lower price than can be had at the Ritz Carlton or Trump Among other things, Jefferson Place offers on-site parking laundry in each unit, central air conditioning, a 24-hour concierge, a workout room with state-of-the-art equipment, a media and business center, a children’s play area and a lounge area with wet bar and billiards. The units are well appointed with granite countertops, and new appliances and luxury baths. Luxurious master suites include walk-in closets and master bath suite. The living areas sport hard-wood floors and an open floor plan.
Jefferson Place – White Plains – Sales History – 2006 – Nov 2011*
The chart below follow median sales prices of 1 BR and 2 BR units at the 300 Mamaroneck Ave., the midrise portion of Jefferson place from 2006-Nov 2011. From the charts below you can see that 1 BR units underwent two corrections. Once at the beginning of 2009 following the market meltdown. They then climbed up a notch once again only to fall substantially to a median price of $317,000 down about 18% from their peak in 2008. 2 BR units corrected more sharply in 2009 and have remained flat since 2009 going up slightly, but not significantly to a median price of $445,000 in 2011. Actual pricing depends on many variables including square footage, view and location in the building. Upper floors traditionally selling for more. * All data was derived from the Westchester Putnam MLS.
The active listings indicate that there is about 1 year of inventory on the MLS so these units though bottoming are still in bear market territory for both 1 & 2 BR units. Sellers need to be realistic, but buyers shouldn’t overplay their hand either. 2 BR units appear to be bouncing along the bottom and so much air has come out of the 1 BR units price points that it is doubtful that there is much more room for decline. Sales of 1 BR units have been steady in spite of the price drop.
For the Latest Information On Sales and listings at Jefferson Place:
For the latest on sales stats and current listings - feel free to contact me by phone – (914-374-5529) or email – ([email protected]) or you can simply fill out the form below – whichever method you prefer. Don’t worry – I do not sell, spam, or otherwise abuse your information!
Jefferson Place is Rated a “Walker’s Paradise:”
Real estate is always location, location, location. And among White Plains NY condos for sale Jefferson Place is in an ideal location. Though not in the middle of the downtown is a scant half mile from the center of things. But just because it is a few blocks from City Center doesn’t meant that there isn’t ample shopping and fine dining nearby. It receives a walk score of 89 – which is a mere one point below being a “walker’s paradise.” <
For some further photos of Jefferson Place – Here are some posts about individual listings:
These are not currently active – but give potential buyers a good feel for the complex.
1BR/1BA/Home Office – Pet-Friendly Condo at Jefferson Place – 300 Mamaroneck Ave. #429 Offered at $389,900
2 BR/2 BA Pet-Friendly Condo at Jefferson Place -300 Mamaroneck Ave. #308 in White Plains – Offered at $469,000
For general information about the White Plains Market:
© 2011, Ruthmarie G. Hicks – http://thewestchesterview.com – all rights reserved.