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MLS# 70995148 Single Family Home $549,000 Peabody, 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
Peabody, Massachusetts - 01960  ()
County:Essex County
Population: 47,039
Tax Rate: 8.67 (Tax Year 2008)
Town Profile:Town Profile for Peabody, MA
Web Site:Town Website
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Listing Remarks
BIG 77' Split entry has living options. In law suite, professional home office or both! Amenities include security system, irrigation system, central vac, central air, redwood spa room & electric sun setter awning. Space galore, ground level accessible with no stairs and has plenty of room. Roof is 5 years old. Yard is level and ample size. Living room has cathedral, beamed ceilings with skylights and a stone wall fireplace. 2x6 Construction and fully insulated. Genuinely a specialty split.

Listing Information
MLS #: 70995148   Status: Active
List Price: $549,000
Style: Split Entry   Acres: .46
Lot Size: 20128 sqft.   Liv. Area: 3960 sqft.
 
Basement: Y   Garage: 2
Rooms: 10 Bedrooms: 3
Full Baths: 4
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   20X14 Fireplace Skylight Cathedral Ceils Wall to Wall Carpet Main Level
  Family Room B   25X13 Closet Handicap Accessible Picture Window Vinyl Flooring
  Dining Room 1   14X13 Wall to Wall Carpet Balcony/Deck Main Level
  Kitchen 1   16X15 Custom Built Closet / Cabinets Main Level Picture Window
  LAUNDRY B   14X14 Pantry Picture Window Vinyl Flooring
  Master Bedroom 1   16X14 Full Bath Wall to Wall Carpet Closet Main Level Picture Window
  Bedroom 2 1   13X11 Wall to Wall Carpet Closet Main Level Picture Window
  Bedroom 3 1   13X11 Wall to Wall Carpet Closet Main Level Picture Window
  HLP 1   16X12 Full Bath Wall to Wall Carpet Main Level Picture Window
  HLP 1   23X12 Wall to Wall Carpet Balcony/Deck Closet Main Level
  PLY B   25X9 Full Bath Handicap Accessible Picture Window Vinyl Flooring




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 Bernard Horowitz from RE/MAX Advantage Real Estate.
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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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