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MLS# 70969800 Single Family Home $679,900 Danvers, 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
Danvers, Massachusetts - 01923
County:Essex County
Population: 24,174
Tax Rate: 10.4 (Tax Year 2008)
Town Profile:Town Profile for Danvers, MA
Web Site:Town Website
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Listing Remarks
Prep neighborhood. Meticulously maintained home. Updates galore: heating, windows, roof and siding, just to name a few. Eat-in kitchen with granite counters leads to 3 season sun room. Dramatic cathedral ceiling family room overlooks private, beautifully landscaped, back yard with in-ground pool and multiple deck areas. Large bedrooms upstairs, walk-up third floor and heated room in basement for at-home office. Have family and friends over to enjoy your home!

Listing Information
MLS #: 70969800   Status: Active
List Price: $679,900
Style: Colonial   Acres: .68
Lot Size: 30000 sqft.   Liv. Area: 2816 sqft.
 
Basement: Y   Garage: 2
Rooms: 8 Bedrooms: 3
Full Baths: 2
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   15X13 Hard Wood Floor
  Family Room 1   23X23 Fireplace Skylight Cathedral Ceils Ceiling Fans Hard Wood Floor
  Dining Room 1   15X13 Hard Wood Floor
  Kitchen 1   22X13 Hard Wood Floor Granite/Solid Counters
  LAUNDRY 1   9X6 Linen Closet Ceramic Tile Floor
  Bath 1 1   5X5 Half Bath Hard Wood Floor Granite/Solid Counters
  Bath 2 2   13X10 Full Bath Ceramic Tile Floor Granite/Solid Counters
  Bath 3 2   9X8 Full Bath Linen Closet Ceramic Tile Floor
  Master Bedroom 2   16X15 Walk-in Closet Wall to Wall Carpet
  Bedroom 2 2   16X13 Wall to Wall Carpet
  Bedroom 3 2   13X13 Wall to Wall Carpet
  SUN 1   9X11 Ceiling Fans Ceramic Tile Floor
  OFC B   12X14 Walk-in Closet 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 Sharyn Longo from Coldwell Banker Residential Brokerage - Beverly.
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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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