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MLS# 70928482 Single Family Home $2,395,000 Lincoln, 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
Lincoln, Massachusetts - 01773
County:Middlesex County
Population: 7,666
Tax Rate: 10.32 (Tax Year 2008)
Town Profile:Town Profile for Lincoln, MA
Web Site:Town Website
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View Map Of Town:Google Maps
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Listing Remarks
An outstanding custom built, shingle style home just minutes to Boston! This beautiful home has everything you need for family living and entertaining! A cooks, eat-in kitchen opens to a stone fireplaced family room. Screened porch and french doors open to breathtaking views of professionally landscaped gardens and artfully designed pool. The master suite has a private deck. The library has own private bedroom and bath. Finished LL with playroom, exercise room, craft room or au pair suite.

Listing Information
MLS #: 70928482   Status: Active
List Price: $2,395,000
Style: Colonial   Acres: 1.88
Lot Size: 81892 sqft.   Liv. Area: 7433 sqft.
 
Basement: Y   Garage: 3
Rooms: 12 Bedrooms: 5
Full Baths: 5
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   17X21 Hard Wood Floor
  Family Room 1   28X19 Fireplace Hard Wood Floor
  Dining Room 1   15X17 Hard Wood Floor Bay/Bow Windows
  Kitchen 1   17X27 Hard Wood Floor Dining Area Pantry Granite/Solid Counters
  Bath 1 1   11X6 Half Bath
  Bath 2 2   15X11 Full Bath
  Bath 3 2   10X15 Full Bath
  Master Bedroom 2   15X11 Walk-in Closet Wall to Wall Carpet Balcony/Deck
  Bedroom 2 2   15X17 Wall to Wall Carpet
  Bedroom 3 2   14X15 Wall to Wall Carpet
  Bedroom 4 2   16X15 Wall to Wall Carpet
  Bedroom 5 2   18X18 Full Bath Wall to Wall Carpet
  LIB 2   23X22 Hard Wood Floor
  PLY B   25X27 Wall to Wall Carpet
  EXC B   14X26
  BTH 2   13X10 Full Bath
  BTH 2   5X10 Full Bath
  BTH B   8X8 Full Bath




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 Candace Sullivan from J M Barrett & Co., 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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