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MLS# 70940527 Single Family Home $599,000 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
EXPANDED OAKMONT style home in move-in condition has large open living/dining room with sliders out to the deck. Gas fireplace. Granite countertops and stainless appliances in the immaculate kitchen. Spacious Master suite with vaulted ceiling and additional built-in closets. A mid-level office could also be a 3rd bedroom, guest room or den. The lower level has a wet bar, built-in media center and sliders out to a second deck that could easily be screened in to expand your summertime options!

Listing Information
MLS #: 70940527   Status: Active
List Price: $599,000
Style: Contemporary   Acres: .15
Lot Size: 6534 sqft.   Liv. Area: 3148 sqft.
 
Basement: Y   Garage: 2
Rooms: 7 Bedrooms: 3
Full Baths: 2
Half Baths: 2
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   21X19 Fireplace Hard Wood Floor Balcony/Deck
  Family Room B   30X24 Wall to Wall Carpet
  Dining Room 1   13X10 Hard Wood Floor
  Kitchen 1   22X11 Hard Wood Floor Dining Area
  Bath 1 1   6X6 Full Bath Ceramic Tile Floor
  Bath 2 B   7X7 Full Bath Ceramic Tile Floor
  Bath 3 2   7X7 Half Bath Ceramic Tile Floor
  Master Bedroom 2   19X17 Full Bath Walk-in Closet Wall to Wall Carpet
  Bedroom 2 2   14X12 Wall to Wall Carpet
  Bedroom 3 2   23X15 Wall to Wall Carpet
  BTH 2   12X11 Full Bath Ceramic Tile 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 Karen Tutrone 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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