15 days on rocket

21 Lake Ave, Yonkers, NY, 10703

$1,250,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Full Baths
Multi

Location

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21 Lake Ave, Yonkers$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, On Street
Year Built1899
HeatingNatural Gas
CoolingWall/Window Unit(s)
BasementYes
MLS #H6335693
Lot Size0.16 Acres
StatusActive

About 21 Lake Ave

"LEGACY ON LAKE" - Welcome to 21 Lake Ave, an impressive and historic two-family property nestled in the heart of Yonkers, NY. This turnkey residence spans over 3,300 sq ft, featuring a total of 7 bedrooms and 4 full bathrooms across two spacious units. Built in 1899, the home combines old-world charm with modern convenience, making it an exceptional opportunity for first-time buyers and savvy investors alike. Whether you're looking to reside in one unit while generating rental income from the other or explore conversion possibilities, this versatile property is ready to meet your goals. Situated just minutes from the scenic Hudson River, the Metro-North train line, and a mere 20-minute drive to NYC, this property is perfectly positioned for those seeking suburban tranquility with easy access to urban amenities. The vibrant Yonkers community is rich with shopping, dining, and entertainment, adding to the appeal of this well-located investment. Currently arranged as a 2-family duplex, this property offers flexibility for owner-occupants or investors. The potential to convert into a 3-family home or revert to a spacious single-family residence adds incredible value. Originally built in 1899, this home boasts original features including exposed beams, high ceilings, stained glass accents, and multiple fireplaces. Impeccable hardwood floors run throughout, preserving the home's timeless appeal. First floor unit spans approximately 1,200 sq ft, and includes 2 bedrooms, 1 full bathroom, and an abundance of natural light from walls of windows. The bright and airy atmosphere is ideal for relaxation or entertaining. The expansive upper unit includes 3 bedrooms and 2 full bathrooms, providing ample space for comfortable living. Additionally, a fully finished attic offers even more possibilities, featuring 2 extra bedrooms, a living area, and another full bathroom-ideal for extended family or guest accommodations. Shared laundry facilities are conveniently located in the walk-out basement. A large driveway accommodates up to 5 cars, while the backyard offers a serene spot for gardening, outdoor dining, or weekend relaxation. Current rent rolls are substantially below market, offering excellent growth potential for investors looking to maximize returns. The property’s picturesque front porch invites you to enjoy morning coffee or relax in the evening while watching the neighborhood come to life. Inside, a welcoming foyer sets an inviting tone for tenants or guests. With taxes under $14K and substantial room for rent growth, 21 Lake Ave represents a rare opportunity to own a historic yet modernized multi-family home in an in-demand area. Don’t miss the chance to own a piece of Yonkers history with unparalleled versatility and potential.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1899

Listing Office:

  • Office Name: Corcoran Baer & McIntosh
  • Office Phone: (845) 358-9440

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: First Floor Bedroom, Cathedral Ceiling(s), Eat-in Kitchen, Entrance Foyer

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Balcony, Patio, Porch

Parking Information:

  • Parking: Driveway, On Street

Lot Features

Lot Information:

  • Lot: Near Public Transit, Level
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000

Tax Information:

  • Annual Amount: $11,331
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Yonkers, NY.

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Yonkers, NY

City

Med. Sold Price

$521.2K

Med. Price/SqFt

$305

Avg. Days On Market

47

# of Sold Homes

81

21 Lake Ave vs Yonkers

15 DAYS ON ROCKET

-32 Days

$1,250,000

+$728.7K More

KEY TAKEAWAY

This property is $728.7K more than the Median Sold Price in Yonkers, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #H6335693

Listing Office:

  • Office Name: Corcoran Baer & McIntosh
  • Office Phone: (845) 358-9440

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/11/2024, 3:11:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$11,331$12,400
2019$11,595$12,400
2018$7,527$12,400
2017$9,784$12,400

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1705012
3
/10

  • School 9

  • 53 Fairview St

  • 0.33 miles

  • Public Magnet Grades PK-6

school-card-donut-1705013
2
/10

  • Museum School 25

  • 579 Warburton Ave

  • 0.61 miles

  • Public Magnet Grades PK-6

school-card-donut-1705014
4
/10

  • Paideia School 24

  • 50 Colin St

  • 0.94 miles

  • Public Magnet Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,167. The most common annual income of people living in Yonkers, NY is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Yonkers, NY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Yonkers, NY?

Yonkers offers a diverse array of housing options, with single-family homes making up a significant portion of the market. These homes showcase a mix of architectural styles, from classic Victorian to contemporary designs. Multi-family dwellings, including apartments and condominiums, provide alternatives for those seeking a more urban living experience. The housing stock is varied, with many properties dating back to the early 20th century, while newer developments offer modern amenities.

Is Yonkers, NY a good place to live?

Yonkers is a city with a rich cultural tapestry, known for its vibrant arts scene and community events that reflect the area's diversity. The city prides itself on its waterfront district, which has become a hub of entertainment and dining, and its numerous parks and green spaces that offer residents a respite from the urban environment. Seasonal festivals and public art installations are common, fostering a strong sense of community among residents.

Are things conveniently located in Yonkers, NY?

The city is served by a robust educational system, including a range of public and private schools that cater to various educational needs. Yonkers also boasts several healthcare facilities, offering residents access to comprehensive medical services. The public library system in Yonkers is well-established, providing educational and cultural resources to the community. Retail and dining options are plentiful, with an emphasis on local businesses that contribute to the city's unique character.

What does the transportation in Yonkers, NY look like?

Yonkers is well-connected through a network of public transportation options, including buses that serve the city and its surrounding areas. The city's train stations provide convenient access to New York City, making it a popular choice for commuters. While certain areas of Yonkers are more pedestrian-friendly, the city is continuously working to improve walkability and bikeability. Major highways and thoroughfares facilitate travel by car, and ride-sharing services are readily available for residents and visitors.

Rocket Homes›New York›Westchester County›Yonkers›10703›21 Lake Ave

This home is located at 21 Lake Ave in Yonkers, NY and zip code 10703. This home, which was built in 1899, sits on a 0.16 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $1,250,000.

While more than 32 listings in Yonkers, NY in November 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 29 were sold below. Between October 2024 and November 2024, Yonkers, NY real estate market has seen decrease in the number of listings by 22.5%. In November 2024 median list price was $521,263 and the average listing age was 47 days.

From Rocket Homes Real Estate and based on county public records data.

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