Real estate in Scarsdale NY has a remarkably sparse number of cooperatives located within the Scarsdale municipality. The famous Garth Road cooperatives – though conveniently located with resepect to Metro-North and village shopping, are not truly in the Village of Scarsdale. If you are looking a cooperative that is located in the Village of Scarsdale with easy access to the train station as well as shops and Scarsdale restaurants, then the Chateaux of Scarsdale is one complex that fits the bill. The location couldn’t be better for the commuter – you can even grab a quick morning drink at Starbucks on your way to the train platform.
The Chauteaux is an elegant pre-war garden complex located just off of East Parkway on Chauteaux Circle. Mature growth gives and the unique garden-style buildings a tremendous amount of grace. The setting is peaceful in spite of being in the middle of the village. And you can’t ask for a better location. You can easily leave the car for day to day errands. Shops are just around the corner, dining out is just steps away.
The Chateaux is a smaller complex so statistical data is difficult to relay reliably. Recent sales in 2009 reflect the fact that there is a wide variance in price between units that have been completely renovated and units that have just been updated. A truly extraordinary down to the studs renovation can command a high price in this complex.
1 BR units ran the gamut between $220,000-$327,500 for 2009 Differences in location and floor number (since this is walk-up) square footage, as well as the overall condition played a role in the relative pricing.
The same disparity in prices was seen in the 2 BR units where the range was between $390,000 and $595,000. Once again – location within the complex, floor number, square footage – and most of all condition all played a role in the final sales price.
As in all cooperatives, the monthly fees reflect both property taxes and monthly maintenance. Roughly 51% of the fees are taxes which are deductible. The fees vary within a range depending on the number of shares attached to each unit. Currently, monthly fees for 1 BR units fall in a range of slightly above $900- $976 per month. For 2 BR units the range is running from about $1325-$1360 per month. These are rough numbers and vary from unit to unit.
A big draw for buyers is the fact that the Chateaux is directly across the street from Metro North. Less than five minutes and you are on the platform. An express train takes 29 minutes. This is so convenient that it certainly rivals Brooklyn and even some locations in Manhattan in terms of the commute.
Another draw is that the neighborhood itself is considered to be highly walkable – WalkScore.com gave an address at next to Chauteaux Circle an 85 out of 100 – a score that is considered “very walkable.” For many errands, shopping and fine dining, it is easy to leave the car and simply walk. There are numerous Scarsdale restaurants within walking distance including Sakura on Garth Rd and perhaps Chat imported from the famous Larchmont Chat 19. There is also the world famous Zachy’s withe widest selection of fine wine imaginable. Of course Zachy’s – with its world famous selection of wine is just around the corner.
The area also provides easy access to the Bronx River Pathway – a linear park that runs parallel to the Bronx River Parkway – and provides residents with walking and biking trails that extend into the Bronx and up to the Kensico Dam in Valhalla. For those who wish to travel further afield, the Bronx River Parkway is easily accessed and White Plains is just minutes away.
Located in the Village of Scarsdale, the school system serving the residents is the Scarsdale School system. The elementary school serving the Chauteaux is the Fox Meadow School which receives a rare score of 9 out of 10 from Great Schools.
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