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Beacon Hill Foreclosures

If you're looking for information about Beacon Hill foreclosures, you've come to the right place. Boston City Properties offers free access to a huge database of Boston real estate listings, which includes listings for foreclosures, short sales and bank-owned properties in Beacon Hill. We are also available to provide guidance and assistance during the foreclosure buying process.

Tips for Buying Foreclosures in Beacon Hill

Buying a foreclosure differs significantly from buying a house under normal circumstances. However, it's often worth the extra work because you can save a lot of money. For an investor, this may translate into extra profit; for a home buyer, it can mean a more manageable mortgage payment.

A few tips to keep in mind when buying Beacon Hill foreclosures include:

Locate Beacon Hill Foreclosures with Boston City Properties

Gain a great leg up on the competition while looking for Beacon Hill foreclosures by signing up to view Boston City Properties' real estate listings. From this page, you can start browsing foreclosures in Beacon Hill. All listings are up-to-the-minute, so you can be sure that you have accurate information. If you see a place that interests you, we can help you take a look at it or answer any questions you may have. Contact Boston City Properties now to get started.

Bank Owned Properties

Although properties that come to market via this method tend to have a wide range in purchase prices, the average tends to hover around $1,300 per square foot. The premium on space in this area means that most of the properties here feature an innovative array of design features, including gorgeous spiral staircases that descend from the street level into richly appointed apartments down below. Many of the buildings here were originally built around 1890, and have been extensively remodeled since, although numerous historic details have been preserved. These details include the beautiful front entryways, as well as the original bay windows and often, the original hardwood floors.

The age of a hardwood floor can often be discerned by how thick the planks are. Generally speaking, the older the home, the wider the planks will be. In some instances, remodels preserve these planks by varnishing them and placing them back into their original places, while in others the planks are replaced either with new wood or tile. In some homes, plush carpeting is installed instead, creating a gorgeous acoustic environment and a soft tread underfoot.

The kitchens in these homes are traditionally compact but offer a number of different food preparation tools and adjustable workspaces. Wooden shelves that can be pulled out for use and then tucked back into the side of the countertop are common, as are innovative rotating shelves within the wooden cabinets that make it easy to store a huge amount of condiments and other items and retrieve them by simply spinning the shelf within. Custom spice racks that are built into the side of cabinets are common as well. Breathtaking decks are another staple of this area. Depending on where the building is sited, the decks may have a view of the river, or a charming alleyway between buildings that also doubles as a community garden space.

Short Sales

Buyers are never happier than when they can procure a beautiful dwelling in the heart of this community, especially when said dwelling is offered up at short sale prices. While the range of prices for properties of this type tends to be somewhere between $900 and $1,300, timing and readiness are ultimately what distinguishes a successful sale from a near-miss.

Due to the age of most of these properties, some portion of the interior will be made of brick. Depending on the number and type of remodels, the brick will have a particular condition. In some remodels, the brick is polished but left essentially as is, without any attempts at reshaping or reforming. In others, the brick has been completely upgraded, and reshaped so that it features hollow spaces within the brick that can be used to display large objects. In yet other remodels, only a small section of the original brick will be preserved, with the remainder being filled with plaster or another wall type. Each of these kinds of remodels dramatically shapes the experience of the homeowner, and changes the atmosphere and subsequent price dynamics of the sale. While all three types are aesthetically pleasing, some buyers prefer one kind over another.

Whatever the amount of brick that is shown throughout the house, the kitchens tend to be outfitted in beautiful wood cabinets that often have panels of glass set into them to create a transparent view of the materials contained inside. The closets are traditionally located both in the bedrooms and along the hallways. In many homes here, a closet will be converted into a space for a laundry area, with the washer and dryer stacked on top of each other, laundromat-style. The older, large windows provide an extraordinary amount of illumination to the interiors, which makes them beautiful at all times of the year.

Geography

Located east of the Back Bay, this neighborhood is north of Boston Common, south of the Charles River, and west of Boston’s center. Aside from Louisburg Square and Phillips Street Park, the area does not have many green spaces within its ⅙ of a mile, although it is bordered both by the resplendent greenery of the Boston Common and the Charles River Esplanade. With a mixture of residential housing and cultural institutions from museums to historic courthouses, the area is perfect for those who wish to live in a dense and vibrant section of the city. For those who enjoy exercising, the Freedom Trail skirts the boundaries of the neighborhood.

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