riverdale homes (apartments, mortgage, credit score)

[bialy77]

Hello all...do any of you know roughly what the average price for a single-family home (not an apartment) in Riverdale NY is? And whether generally a 10% down payment is allowed for purchase? Thanks!

[bluedog2]

It's around a million, maybe a little more for a single family home.The average with all the apartments(which there are a lot,bringing the average down) is about 650,000 or 700,000.
The prices range from about 500,000 to around 10 million.It's the most expensive part of The Bronx.

Not sure about the 10% down . It's very rare these days.Maybe if you have a really high income,tons of money in the bank and an 800 + credit score but generally,no.

[bmwguydc]

It depends upon the neighborhood. In North Riverdale, single-family houses start in the $600-$700k range at the smaller end, ranging higher in prime areas west of the Parkway. In Central Riverdale, around $800k would likely be the lowest price. Off the Post Road area, you might find something around $700k, but I am not too sure what's been on the market in that area recently, though there are some smaller homes in the vicinity that are not as expensive.

The houses in Spuyten Duyvil can range dramatically, even on the same block, from under $1M to well over $1M. The houses under $1M are generally smaller, modern houses, on small amounts of land, that are not as architecturally distinguished as some of the older homes in the area. And, they are lacking modern, luxury features of some other in-fill houses that have been recently constructed that are well over $1M.

Fieldston and West of Parkway areas will ten to have the highest prices, with even a small cottage in the area WoP exceeding $1M (and I mean tiny!).

This is assuming a single-family detached house, since some of the attached townhoue style properties can start at a lower price point, though not too much lower in most neighborhoods. Lot size and parking is also a big factor in the price, with some in Riverdale not having much land to some on larger lots. Some have no parking, whereas others may have a garage or two, more for upper bracket homes on larger lots.

As for 10% down, that all depends upon your mortgage company, and whether or not the house will appraise for the market value.