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MLS# 70497287 Single Family Home $2,995,000 Manchester, Massachusetts  

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Foreclosures

The problems in the sub prime lending area have led to a high amount of foreclosures. If a house has been through the foreclosure process then the lending bank takes ownership of the property. When looking to buy a foreclosure the process can take a little longer than purchasing a typical property. This is because banks are not set up to sell properties and they can be slow. In addition when purchasing a foreclosure the banks typically want you to sign various legal documents to protect them from liablity if there is something wrong with the house. Like buying any property you should have a home inspection and be wary of any problems. If you do your homework buying a foreclosure can be a great investment.

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Town Summary
Manchester, Massachusetts - 01944
County:Essex County
Population: 5,286
Tax Rate: 7.53 (Tax Year 2008)
Town Profile:Town Profile for Manchester, MA
Web Site:Town Website
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Listing Remarks
Extraordinary 10 year old English Manor, beautifully sited on almost 6 acres,overlooking private pond, pool, tennis court, greenhouse, 3 br guest/staff apartment. Extra catering kitchen and home movie theatre.

Listing Information
MLS #: 70497287   Status: Active
List Price: $2,995,000
Style: Colonial   Acres: 5.80
Lot Size: 252648 sqft.   Liv. Area: 11940 sqft.
 
Basement: Y   Garage: 6
Rooms: 24 Bedrooms: 9
Full Baths: 8
Half Baths: 2
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   19X15 Fireplace Hard Wood Floor
  Family Room 1   21X16 Fireplace Cathedral Ceils Ceiling Fans Hard Wood Floor Interior Balcony
  Dining Room 1   18X14 Hard Wood Floor
  Kitchen 1   17X22 Ceramic Tile Floor Dining Area Pantry Granite/Solid Counters
  LAUNDRY 1   12X8 Ceramic Tile Floor
  Bath 2 2   14X10 Ceramic Tile Floor Hot Tub/Spa Granite/Solid Counters
  Bath 3 2   10X15 Ceramic Tile Floor
  Master Bedroom 1   16X23 Fireplace
  Bedroom 2 2   15X20 Fireplace Ceiling Fans
  Bedroom 3 2   16X17 Wall to Wall Carpet
  Bedroom 4 2   15X14 Wall to Wall Carpet
  Bedroom 5 2   14X14 Wall to Wall Carpet
  BED 1   11X14 Fireplace Hard Wood Floor
  GRT 1   37X31 Fireplace Cathedral Ceils Ceramic Tile Floor
  OFC 1   12X12
  FOY 1   15X17 Interior Balcony
  PLY 3   43X30




The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2005 MLS Property Information Network, Inc.
This listing is courtesy of Lynda Surdam from Coldwell Banker Residential Brokerage - Manchester.
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Mortgage Pre Approval and Your Credit

The first step when looking for a home is to get pre-approved for a mortgage. The seller of a property wants to know that you are approved for a mortgage and that you can indeed afford the property. There are various mortgage programs available to you. Your credit score or FICO score will greatly affect the type of home loan you are able to receive. If you have bad credit you will pay a higher rate. There are ways to improve your credit score that you should consider as this can save you thousands of dollars in interest over the course of a loan. There are also ways to repair bad credit and small things you can do to improve your credit score in a short time. As many Americans have discovered a Fixed rate mortgage is much easier to manage than an Ajustable Rate Mortgage.

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