40 Penny Lane, Scarsdale, NY, 10583 | $1,595,000

Gracefully nestled on nearly half an acre of lush, landscaped grounds, this distinguished light brick Raised Ranch exudes timeless appeal in the coveted, nationally recognized Edgemont School District. A grand first impression begins at the striking emerald green double doors, featuring raised panel detailing, an eye-catching entrance that hints at the sophistication within. Natural light pours into the expansive living room through near floor-to-ceiling windows, creating an airy, uplifting space that’s perfect for both everyday comfort and stylish entertaining. Gleaming hardwood floors flow throughout, adding warmth and richness. Just steps away, the formal dining area sits beneath a dramatic vaulted ceiling with an elegant chandelier, ideal for hosting memorable dinners and celebrations. The updated kitchen is a true heart of the home, featuring brand-new stainless steel appliances, striking new laminate countertops and backsplash, and a cozy breakfast nook with sliding glass doors that open to the deck, your gateway to morning coffee or dining under the stars. Just off the kitchen, the main-level great room invites you to unwind in a space that’s both cozy and refined, complete with a charming wood-burning fireplace, a perfect backdrop for relaxed evenings or weekend gatherings. A full-size laundry room and abundant storage add effortless functionality to this beautifully designed main floor. The serene primary suite is a true retreat, featuring a dramatic navy-blue accent wall that adds a designer touch and creates a calming atmosphere. A spa-inspired ensuite bath makes mornings feel effortless and evenings feel indulgent. Three additional generously sized bedrooms offer flexibility for guests, or home office use, and are served by a beautifully appointed hall bath, blending style and practicality. Downstairs, the lower level extends the home’s versatility and comfort, offering the perfect setup for multi-generational living, or long-term guests. This thoughtfully designed space includes a sleek second kitchen with crisp white cabinetry, a bright dining or breakfast area, a spacious great room, a private bedroom, a full hall bath, and its own separate entrance. Direct access to the oversized two-car garage adds convenience, while a dedicated storage area and bath enhance functionality. Step outside and discover a true backyard sanctuary. The expansive, fully paved patio is ideal for effortless entertaining, with room for multiple dining areas, a BBQ station, and even a cozy firepit. A dedicated dog run offers a haven for your four-legged friend, while a separate playground area, garden shed, and sweeping lawn surrounded by mature landscaping create a peaceful and private outdoor escape. Perfectly located near top-rated Edgemont schools, luxury shopping, fine dining, major highways, and Metro-North, this beautifully upgraded home offers the ideal blend of elegance, comfort, and convenience in one of Westchester’s most desirable communities. The heat zones & AC zones have been recently updated.

Features

  • Rooms: 11
  • Bedrooms: 5
  • Baths: 4 full
  • Laundry: Laundry Room
  • Style: Raised Ranch
  • Year Built: 1975
  • Garage: 2-car
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Basement: Finished
  • Approx Sq. Feet: 3,512
  • Acreage: 0.46
  • Est. Taxes: $42,091
  • Lot Desc: Back Yard, Landscaped, Level, Near Public Transit, Near School, Near Shops, Stone/Brick Wall
  • View: Neighborhood
  • Elem. School: Greenville
  • Middle School: Edgemont Junior-Senior High School
  • High School: Edgemont Junior-Senior High School
  • School District: Edgemont
  • Appliances: Dishwasher, Dryer, Gas Oven, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
  • MLS#: 971546
  • Days on Market: 30 days
  • Website: https://www.raveis.com
    /prop/971546/40pennylane_scarsdale_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Gretchen EggersSales Associate

617.921.5887

Gretchen.Eggers@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Michael CartierVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1017266

508.335.8179

Michael.Cartier@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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Jennifer HartRegional Sales Manager, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

40 Penny Lane, Scarsdale, NY, 10583

$1,595,000

Gretchen Eggers

Sales Associate

William Raveis Real Estate

Phone: 617.921.5887

Gretchen.Eggers@raveis.com

Michael Cartier

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.335.8179

Michael.Cartier@raveis.com

NMLS Mortgage Loan Originator ID 1017266

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,276,000 $1,276,000 $1,276,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.349% 6.183%
Monthly Tax Payment $3,508 $3,508 $3,508
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,245 $7,857 $10,768
Total Monthly Payment $10,878 $11,490 $14,401

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.