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Fenway Foreclosures

Fenway foreclosures present exciting opportunities for home buyers and investors alike. The main obstacle to overcome while looking for such properties is finding accurate, useful information. Get that and a lot more with Boston City Properties. When you sign up for free access to our real estate listings, you'll always have up-to-the-minute information at your fingertips. We also have experts who understand how buying foreclosures works, and they can assist you throughout the process. Before you know it, you'll be closing on a foreclosure in Fenway and enjoying an amazing deal.

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How to Buy Foreclosures in Fenway

If you've decided to invest in or purchase a foreclosed home in Fenway, the first order of business should be locating useful information. That's what you'll get when you sign up with Boston City Properties, so make that your first step.

A few additional points to keep in mind when purchasing foreclosures include:

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Bank Owned Properties

This neighborhood is one of the defining communities of Boston, and as a result boasts properties that are both full of elegance and traditional style. Many of these homes can be purchased for an average price of $600 to $800 a square foot, although this can vary based on numerous factors. Most of the housing stock here is contained within multi-story buildings, and as a result often comes with additional amenities, including a shared lobby space and an exercise center.

The kitchens in these dwellings tends to be furnished with exceptionally beautiful cabinetry. While many homes prefer a fairly standard arrangement of boxy cabinets that all have the same lengths, homes here often intersperse specially designed wine cabinets into the mix, as well as end cabinets that have no exterior doors, but rather have exposed shelves that can be used for storing decorative objects. The center cabinets often are mounted at playful angles, so that the cabinets appear to descend like the notes on a musical staff. This adds a dynamic energy to the kitchen which correspondingly makes it a fun place to spend time preparing food. The adjacent island, meanwhile, is capable of hosting several people at a time, and makes for a fun social hour.

The bathrooms tend to display a variety of colored tiles that again add a burst of energy to the room. These tiles are also usually very easy to keep clean, and protect the underlying supports from water damage and other problems. The sinks here can be creative as well. Instead of opting for a traditional porcelain arrangement with one central tap, the sink itself may be a raised bowl with a dramatic color, such as green or blue or black. The bowl of the sink is placed atop a supporting table which usually also has several drawers or cabinets for storage purposes.

Short Sales

Much like the bank owned properties, the dwellings that come up for short sale in this area are usually luxurious to behold. Elaborate spiral staircases wind their way up from the magnificently appointed ground floor to spacious bedrooms, most of which have a view of the adjacent Charles River. In this neighborhood, buying a home for $800 a square foot is considered to be something of a steal, as they can sell for as much as $1,100 a square foot.

Because so many buildings were initially constructed before 1900, many of the units have taken pains to preserve some of the original materials. Walls of exposed brick, for example, may alternate with newer plaster or wood additions. In some cases, these brick walls surround a vintage fireplace, which can often feature original iron grill work and a stone hearth which is raised above the floor enough to be suitable for providing seating to visiting guests. The rest of the space is designed to provide as many different rooms as possible, from modified closets that contain a vertical washer/dryer unit to bathrooms that have a stand-alone bathtub in the corner. These bathtubs are usually centers of luxury in of themselves, with a number of adjustable settings that can rapidly transform the placid bath waters into a pressurized hot tub like experience.

The kitchens are often luxurious but compact, with countertops that gleam and new appliances that quietly chime. The refrigerators tend to make their own ice in addition to offering numerous compartments for food storage at different temperatures. The bedrooms, meanwhile, can often have built-in bookshelves or cabinets that are designed to hold any number of different objects. These rooms traditionally are insulated so that they remain slightly quieter than the rest of the house.

Geography

Located to the west of the Back Bay neighborhood of Boston and south of the Charles River, this neighborhood is renowned for its beauty and density. In addition to a number of cultural amenities, the area is chock full of green spaces, especially the Back Bay Fens, which are a series of verdant plants and bodies of water that makes for a wonderful place for a picnic or simply a break from the busy urban atmosphere of the surrounding city. Interstate 90 and Route 9 both pass through this community, as do a series of subway stops that carry those who board directly to downtown Boston. The Yawkey train station provides commuter rail service via the Framingham/Worcester line.

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