All the right stuff in Watertown.
September 24, 2008 | Filed Under Boston Real Estate | Leave a Comment
Comfortably nestled on a quiet, tree-lined street, this stunning 4,840 square foot, 4 bedroom, 2.5 bath Victorian home is only three short miles to Harvard Square. This well-maintained home boasts generous sized rooms, gorgeous mahongany woodwork throughout and exquisite original detail. Curl up with a great book next to one of the four fireplaces, and keep cool during hot Boston summers with the comfort of central air. The spacious third floor in-law apartment offers endless opportunities for expansion. 51 Garfield Street is offered at $1,325,000.
Information and photos courtesy of Less Arnold and Gibson Sotheby’s International Realty.
So you found the perfect home….all you need now is the mortgage!
September 22, 2008 | Filed Under Real Estate News, Real Estate Trends and Statistics, Boston Lifestyle, Boston Condos, Boston Real Estate | Leave a Comment
Most of you know that the mortgage industry has hit some, well, bumps since last summer. Multiple lenders have filed for bankruptcy, eligibility requirements became near impossible and loan fees rose to cover losses. There is some good news though. The federal takeover of Freddie Mac and Fannie Mae by the U.S. goverment prompted an immediate drop in mortgage rates. In fact, 30-year loans are now well below 6 percent. Also, federal legislation has expanded the availablility of home loans, specifically by increasing the jumbo-loan mark. That said, if you have found the perfect piece of Boston Real Estate, be prepared for the stringent application process. Have your W-2’s or 1099’s ready, as well as pay stubs and tax returns, HR phone numbers and even investment account information.
Stunning Three Bedroom Penthouse Now Available in Rollins Square
September 19, 2008 | Filed Under Boston Condos, Boston Real Estate | Leave a Comment
A new level of luxury in Boston Real Estate has arrived…
Come home to this luxurious 1870 square foot, 3 bedroom, 2.5 bath penthouse home in South End’s sought-after Rollins Square. The chef’s kitchen and spacious dining room are perfect for entertaining. Enjoy beutiful weather on the private roof deck, or retreat to the master suite for a relaxing evening. This home features 2 garage parking spaces and abundant storage. Steps to Boston Sports Club, the South End dog park and renowned restaurants. Pet friendly and professionally managed. Exclusively available at $1,225,000.
Open House Sunday 1:00 - 2:30
Third Retail and Residential Project Proposed outside Fenway Park
September 19, 2008 | Filed Under Real Estate News, Boston Condos, Boston Luxury Developments, Boston Real Estate | Leave a Comment
The desolate shadows between Park Drive and Yawkey Way may soon see some sunlight. Steve Samuels and Boston city officials disclosed a plan for Samuels’ third major project in the area, a retail and residential complex to be aided by a new street parallel to Yawkey Way. The proposed development would include ground-floor shops, a supermarket and residential units. Samuels has not yet proposed an exact height for the building, but he pledged to keep it within scale of the neighborhood. Yesterday, Samuels celebrated the grand opening of 1330 Boylston, a $140m project that includes 215 residential rental units, shops and a sports club. Samuels also developed the Trilogy Building on the corner of Brookline Avenue and Boylston Street.
Spacious Loft Now Available at Wilkes Passage
September 11, 2008 | Filed Under Boston Lofts, Boston Lifestyle, Boston Condos, Boston Real Estate | 1 Comment
If your idea of the perfect home is a spacious and airy corner loft in the heart of Boston’s South End, unit 206 at Wilkes Passage is definately the home for you. Featuring 1952 sq ft of luxurious living space, this Boston loft looks over both Washington Street and Peter’s Park. The home is a one-bedroom, two-bathroom unit; however, the space can easily accomodate a second bedroom. One garage parking space is included. Offered at $1,199,000.
Information and photos courtesy of Maureen Ohara and Coldwell Banker.
Q1 Mortgage Fraud Cases Rise
September 4, 2008 | Filed Under Real Estate News | Leave a Comment
Reports of mortgage fraud rose 42 percent during the first quarter of 2008 compared to the same period in 2007, according to the latest quarterly report by Mortgage Asset Research Institute.
Florida topped the list of states with the most cases of reported mortgage fraud, followed by California. Illinois, Maryland and Michigan were tied for third.
The majority of reports submitted for Florida and California involved properties near the coastline. The majority of incidents in all states involved misrepresentations on the mortgage loan application, followed by income and employment.
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