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MLS# 70898243 Single Family Home $825,000 Topsfield, 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
Topsfield, Massachusetts - 01983
County:Essex County
Population: 5,754
Tax Rate: 12.02 (Tax Year 2008)
Town Profile:Town Profile for Topsfield, MA
Web Site:Town Website
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Listing Remarks
Horse back riding in the afternoon and be in Boston in 30 minutes for a night out on the town. This Stately home is nicely situated on 2 full acres. Barn with professional paddocks and large fenced yard with riding trails nearby. Great family room directly off kitchen, a 3 Car heated garage, full basement and large 3rd floor bonus room. Hardwood throughout and ready for your personal touches, enjoy all Topsfield has to offer with the city and major airport close by.

Listing Information
MLS #: 70898243   Status: Active
List Price: $825,000
Style: Colonial   Acres: 2.01
Lot Size: 87556 sqft.   Liv. Area: 3500 sqft.
 
Basement: Y   Garage: 3
Rooms: 9 Bedrooms: 4
Full Baths: 3
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   16X13 Fireplace Hard Wood Floor
  Family Room 1   17X21 Fireplace Skylight Cathedral Ceils Ceiling Fans Hard Wood Floor Balcony/Deck
  Dining Room 1   13X13 Hard Wood Floor
  Kitchen 1   23X14 Hard Wood Floor Bay/Bow Windows Dining Area
  LAUNDRY 1   9X10 Hard Wood Floor
  Master Bedroom 2   25X19 Full Bath Skylight Cathedral Ceils Walk-in Closet Hard Wood Floor Hot Tub/Spa
  Bedroom 2 2   17X13 Full Bath Walk-in Closet Hard Wood Floor
  Bedroom 3 2   14X12 Hard Wood Floor
  Bedroom 4 2   14X13 Hard Wood Floor
  BTH 2   14X8 Full Bath Hot Tub/Spa
  BTH 2   10X6 Full Bath
  BTH 2   10X6 Full Bath
  BTH 1   5X10 Half Bath
  FOY 1   11X13 Hard Wood Floor
  PLY 3   37X15 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 Robert Bentley from RE/MAX On The River, Inc..
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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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