Submitted by ub on Tue, 09/24/2013 - 14:40

After spending nearly 3/4 of a million dollars on this house and waiting many years to obtain permission to make the long anticipated and necessary repairs, the owners of this house built back in 1910, which is located at 65 Schofield street are moving forward on renovations.

Zillow says City Island home values are expected to increase 0.9% next year, compared to a 0.9% rise for New York as a whole. Foreclosures may be a significant factor impacting home values over the next several years.

On City Island, the number of foreclosures waiting to be sold shrank 0.1% in the last year. The number of unsold foreclosures is 709.1% greater than in New York, and 65.1% less than the national average. This higher local number may prevent City Island home values from rising as quickly as other regions in New York.

According to Trulia, This house located at 65 Schofield Street, Bronx NY was sold on Sep 14, 2007. It has approximately 2,480 square feet. The property has a lot size of 7,897 sqft and was built in 1910. The average listing price for similar homes for sale is $457,764 and the average sales price for similar recently sold homes is $436,124. 65 Schofield St is in the City Island neighborhood in Bronx, NY. The average price per square foot for homes for sale in City Island is $245.

Photo: WRN208… Photo: Benjamin Barriage