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Welcome to 1052 McLean Avenue — a rare opportunity to own a 1, 953 sq ft Colonial in one of Westchester County's most accessible and connected neighborhoods, steps from the Bronx border, priced aggressively at $475, 000. This is your blank canvas. The home's solid wood-frame structure has been stripped back to its bones — ready for your kitchen, your baths, your floors, your vision. Architectural as-built plans are on file, a full scope of work has been drafted, and foundational work is underway. The hard part — acquiring land and structure in Westchester County — is already done. The layout delivers what buyers want: a welcoming foyer (86 sf), bright living room (110 sf), generous dining area (110 sf), and a full 208 sq ft kitchen footprint on the ground floor. Upstairs: a primary suite (156 sf) with TWO walk-in closets, a second bedroom (128 sf), full bath, and a private terrace. Plus a full 545 sq ft walk-out basement and a walkup attic — serious square footage for Westchester at this price point. Location is everything: steps from Metro-North commuter rail and MTA buses for seamless access to Manhattan. Near Van Cortlandt Park, local shops, dining, and Yonkers public schools. High foot traffic on McLean Avenue. Established neighborhood. Rising market. The numbers work: purchase at $243/sf in a market where fully renovated single-family comparables are trading at $350–420/sf. Add a ~$175K renovation budget and you're all-in near $650K on a home worth $720K+ completed. That's real equity, built by you.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$425,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $118 | $118 | $118 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,038 | $2,121 | $2,801 |
| Total Monthly Payment | $2,231 | $2,314 | $2,994 |
* 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.