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Armonk, NY Real Estate News

In 1995 Donald Trump purchased 213 acres of land in the north eastern quadrant of Westchester County. This land spans three different towns, North Castle, New Castle and Bedford, New York.  The name of the property is Seven Springs and it cost him $7.5 million at the time.  This property belonged to Eugene Meyer, a Washington Post Editor who was the father of Katherine Graham. Originally Trump planned an 18 hold golf course but residents of the area were not happy and so the plans changed to 15 new homes being built and two existing properties being renovated, 9 in North Castle and 8 in Bedford. The Town of North Castle is comprised of the hamlets of North White Plains, Armonk and Banksville and is home to the Byram Hills School District.  The hamlet of Armonk is small and quaint with r...
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Homes that are priced well, not only sell faster, but get more money in the seller's pocket. Homes that go into contract within 30 days typically sell for 105 % of the asking price in the Armonk vicinity.There are currently 100 homes on the market in the Byram Hills School District with an average asking price of $1,602,028 for a 4 bedroom home with 3,752 SF. and an average market time i of 123 days. Homes typically sold for 95.4% of the last asking price.In 2007 , 191 single family homes sold with a median sales price of $1,050,000 in  the Byram Hills School District (as per the Westcheter-Putnam MLS) was $1,050,000. The minimum sold price was $265,000 and the highest sales price was $5,450,000.Colleen Gallagher, e-PRO  Associate  Broker O:(914) 273-1251 x 411 C:(914) 522-2777
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