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MLS# 70997454 Single Family Home $695,000 Marblehead, 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
Marblehead, Massachusetts - 01945  ()
County:Essex County
Population: 19,971
Tax Rate: 8.34 (Tax Year 2008)
Town Profile:Town Profile for Marblehead, MA
Web Site:Town Website
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Listing Remarks
Wonderful opportunity in this spacious home conveniently located downtown. This home offers a studio apartment with a kitchen, fireplace and full bath perfect for additional income or an in-law suite. Other features include three floors of living space with period details, five bedrooms, home office with separate entrance, wide pine and hardwood floors, crown molding, a private yard with a storage shed, two car parking and so much more. Step out your door and walk to restaurants and shops.

Listing Information
MLS #: 70997454   Status: Active
List Price: $695,000
Style: Antique   Acres: .08
Lot Size: 3630 sqft.   Liv. Area: 2663 sqft.
 
Basement: Y   Garage: 0
Rooms: 12 Bedrooms: 5
Full Baths: 3
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   16X16 Fireplace Closet Wood Floor
  Family Room 1   23X15 Hard Wood Floor Bay/Bow Windows
  Dining Room 1   23X12 Fireplace Hard Wood Floor
  Kitchen 1   15X6 Ceramic Tile Floor Pantry
  Master Bedroom 2   16X16 Fireplace Walk-in Closet Closet Wood Floor
  Bedroom 2 2   14X11 Fireplace Closet Wood Floor
  Bedroom 3 3   12X11 Closet Wood Floor
  Bedroom 4 3   15X10 Closet Custom Built Closet / Cabinets
  Bedroom 5 1   11X10 Hard Wood Floor Closet
  HMS 1   15X11 Vinyl Flooring
  LAW 1   20X12 Fireplace Ceramic Tile Floor Bay/Bow Windows Dining Area Pantry Closet
  PLY 2   12X8 Wall to Wall Carpet Closet




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 Stephanie Moio from William Raveis R.E. & Home Services.
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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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