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MLS# 70889848 Single Family Home $1,175,000 Ipswich, 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
Ipswich, Massachusetts - 01938
County:Essex County
Population: 11,873
Tax Rate: 9.35 (Tax Year 2005)
Town Profile:Town Profile for Ipswich, MA
Web Site:Town Website
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Listing Remarks
Two fabulous 1st flr MBR’s & luxurious baths set this custom home apart from other Pinehursts. Cherry & granite eat-in kit, Bose surround system thruout & radiant heat on 1st & 2nd. The LL features a built-in wet bar w/loads of custom cabinetry, a Subzero wine chiller & refrigerator, a custom white entertainment center & a wine cellar tucked nicely under the stairs by a master craftsman. There also is a walk-out screened patio area backing up to conservation land. Hot tub off master.

Listing Information
MLS #: 70889848   Status: Active
List Price: $1,175,000
Style: Contemporary   Acres: .56
Lot Size: 24611 sqft.   Liv. Area: 5112 sqft.
 
Basement: Y   Garage: 2
Rooms: 11 Bedrooms: 4
Full Baths: 3
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   12X20 Fireplace Hard Wood Floor
  Family Room B   15X29 Fireplace Wall to Wall Carpet
  Dining Room 1   15X17 Hard Wood Floor
  Kitchen 1   14X21 Wood/Coal Stove Hard Wood Floor Granite/Solid Counters
  LAUNDRY B   12X12
  Master Bedroom 1   30X17 Full Bath Ceiling Fans Walk-in Closet Wall to Wall Carpet
  Bedroom 2 1   19X17 Full Bath Walk-in Closet Wall to Wall Carpet
  Bedroom 3 2   14X18 Walk-in Closet Wall to Wall Carpet
  Bedroom 4 2   12X17 Walk-in Closet Wall to Wall Carpet
  LOF 2   19X17 Skylight Wall to Wall Carpet
  LIB B   20X18 Wall to Wall Carpet




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 Gwen Washburn from Coldwell Banker Residential Brokerage - Topsfield.
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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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