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Chinatown Foreclosures

Chinatown foreclosures bring exciting savings to the table for home buyers and investors. However, purchasing a foreclosure can be tricky. Information isn't always timely or accurate, so you can waste a lot of time. Do yourself a favor and connect with Boston City Properties. From this page, you can sign up to view listings for foreclosures in Chinatown. We also have foreclosure experts who can assist you further with your search.

Tips for Buying a Foreclosure in Chinatown

Even though Boston's real estate market is largely recovered, you can find foreclosures in Chinatown fairly easily. However, competition for them is fierce. They go on and off the market quickly. Access to timely, accurate information is crucial.

These tips will help you find Chinatown foreclosures quickly and easily:

Find Prime Chinatown Foreclosures Now

Locating foreclosed homes in Chinatown doesn't have to be an ordeal. You can quickly zero in on viable options now by signing up to view Chinatown foreclosure listings on this page. You can then narrow your search to focus on properties that suit your needs and budget. Whether you're looking for a single-family home or condo--or if you're purchasing a home to live in or a property to invest in--you can't beat the help you'll get from Boston City Properties. Our experts can help too, so give us a call today.

Bank Owned Properties

This area has a variety of different properties, some of which are only a few stories in height, and others which qualify as high rises. This means that many of the bank owned properties here boast spectacular views of the surrounding city and neighborhoods, and offer buyers an excellent chance to procure truly breathtaking homes. Most of these properties usually sell for $800 to $900 a square foot, although exceptions exist at each end of the spectrum.

Take, for example, those penthouses which have recently been gutted and placed on the market for a new owner who wishes to invest in the future. These palatial environments often have multiple rooms over a substantial floor plate, meaning that the great room feels like an apartment in of itself, but opens up into numerous other wings that are matched on the exterior by a wrap-around balcony. This balcony often has a banister that is made of plate glass or clear plastic, thus preserving everyone’s safety while simultaneously preserving the incredible views of the city.

The great rooms usually have exceptionally high ceilings, as well as a central fireplace that is mounted flush with the wall, although a small brick or stone hearth is not unheard of. The room usually terminates in a series of floor to ceiling windows, some of which have doors inside of them that open out onto the balcony. This room usually leads to a separate but grand dining space, which is indicated by a massive custom lighting fixture. Traditionally, this fixture is a chandelier or other elaborate light, and often can be raised or lowered to suit various owner needs. The bedrooms are similarly ample. Enormous closets are common here, and usually provide plenty of room in which to customize shelving and other garment-related accoutrements.

Short Sales

Those properties that become available via short sale are often furnished with a truly magnificent array of appliances and finishes. The bathrooms, for example, are usually decorated with marble and silver nickel fixtures. The central faucet often has a swan-like neck that swoops and dives into the sink, creating both a handy functional object and a beautiful display piece. For an average of $800 a square foot, these homes can usually be purchased.

The kitchens continue in this vein of exquisite luxury, with specially varnished cabinets overlooking spectacular white marble counters. In some homes, the counters have special compartments that enable owners to store objects, such as cutting boards, in the counter itself. This may be accomplished either by the board being machined to fit precisely within the surrounding counter, or by a slot being drilled to accept objects of a certain dimension. In either case, the kitchens look amazing, and generally are sited so that they have a view of the principal living space.

Because so much of the housing stock here is contained within tall buildings, many of the units are bounded by floor to ceiling glass. The primary living spaces in particular are often showcases not only for their richness of their materials, but the splendor of the city outside. The complexes in which these units reside often also have a number of highly appealing amenities to offer their residents, including an onsite restaurant, highly accessible retail businesses on the ground floor, and top-tier fitness centers. Community gardens are sometimes grown on the rooftop, although just as often as not these spaces are reserved for group parties, and have different kinds of facilities, from shared cookout spaces to deck chairs to chaise lounges to any other number of different group amenities. Subterranean parking garages are also common, and usually offer some form of storage space for those individuals who prefer to take public transit instead of owning a car. These garages, as well as the main lobbies in the building, often have an attendant or concierge on the premises at all times to help assist with the building’s operation.

Geography

Located southeast of Boston Common, southwest of the North End, and north of the Seaport District, this tiny section of the city contains some of the most vibrant portions of the city. In terms of transportation, it is easily accessed by the T, and also is bordered by Interstate 90 and Interstate 93. It has one large central green space, known as Mary Soo Hoo Park that is entered through the famous Chinatown Gate, and a few smaller parks, including the Oxford Place Playground and Tai Tung Park.

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