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MLS# 70951735 Single Family Home $998,000 Manchester, 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
Manchester, Massachusetts - 01944
County:Essex County
Population: 5,286
Tax Rate: 7.53 (Tax Year 2008)
Town Profile:Town Profile for Manchester, MA
Web Site:Town Website
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Listing Remarks
Lovely Colonial located on a 1 acre lot on a quiet cul-de-sac within walking distance to town, schools, transportation and Singing Beach. The property features beautiful hardwood floors, large family room with fireplace and deck, gourmet, eat-in kitchen, formal living room w. fireplace, dining room, den, master suite & three additional bedrooms on 2nd floor. The yard is landscaped and abuts town-owned conservation land, providing a peaceful setting. Pristine, move-in condition!

Listing Information
MLS #: 70951735   Status: Active
List Price: $998,000
Style: Colonial   Acres: 1.00
Lot Size: 43897 sqft.   Liv. Area: 3043 sqft.
 
Basement: Y   Garage: 2
Rooms: 10 Bedrooms: 4
Full Baths: 2
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   17X13 Fireplace Hard Wood Floor
  Family Room 1   22X20 Fireplace Wall to Wall Carpet Balcony/Deck
  Dining Room 1   10X10 Hard Wood Floor
  Kitchen 1   21X14 Hard Wood Floor Granite/Solid Counters
  LAUNDRY 1   7X5 Hard Wood Floor Ceramic Tile Floor
  Bath 1 1   7X5 Half Bath Ceramic Tile Floor
  Bath 2 2   10X8 Full Bath Ceramic Tile Floor Hot Tub/Spa
  Bath 3 2   10X6 Full Bath Ceramic Tile Floor
  Master Bedroom 2   16X15 Walk-in Closet Wall to Wall Carpet
  Bedroom 2 2   13X13 Wall to Wall Carpet
  Bedroom 3 2   13X12 Wall to Wall Carpet
  Bedroom 4 2   13X12 Wall to Wall Carpet
  FOY 1   13X13 Hard Wood Floor
  DEN 1   10X10




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 Charlotte Wilson from J. Barrett & Company.
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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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