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MLS# 70922128 Single Family Home $1,495,000 Needham, 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
Needham, Massachusetts - 02492
County:Norfolk County
Population: 27,557
Tax Rate: 9.7 (Tax Year 2008)
Town Profile:Town Profile for Needham, MA
Web Site:Town Website
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Listing Remarks
Stately stone&stucco residence. Sophistication emanates from the rich detail of Doric column framed foyer,delicate detail in formal LR&DR, handsome burl mahogony lib with lg FP, detailed millwork. Gourmet kit/butler's pantry & breakfast bay. Luxurious 1st flr master suite,study.Casual FR/FP with cath ceiling; play/exercise room. Delightful slate patio,koi pond,perennial gardens. Great location near town,train,hwy perfect for active family or downsizing from elegant older estate.

Listing Information
MLS #: 70922128   Status: Active
List Price: $1,495,000
Style: Colonial Tudor   Acres: .48
Lot Size: 20909 sqft.   Liv. Area: 6393 sqft.
 
Basement: Y   Garage: 2
Rooms: 12 Bedrooms: 6
Full Baths: 4
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   20X14 Fireplace Hard Wood Floor Bay/Bow Windows
  Family Room 2   17X23 Fireplace Cathedral Ceils Ceiling Fans Wall to Wall Carpet
  Dining Room 1   21X15 Fireplace Hard Wood Floor
  Kitchen 1   18X17 Dining Area Pantry
  Master Bedroom 1   16X14 Linen Closet Walk-in Closet Wall to Wall Carpet Balcony/Deck
  Bedroom 2 2   21X21 Wall to Wall Carpet
  Bedroom 3 2   16X14 Wall to Wall Carpet
  Bedroom 4 2   16X15 Walk-in Closet Wall to Wall Carpet
  Bedroom 5 2   13X19 Wall to Wall Carpet
  LIB 1   13X23 Fireplace Hard Wood Floor
  OFC B   13X12 Hard Wood Floor




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 Raphaelle Kirk from Century 21 Commonwealth.
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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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