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Financial District Foreclosures

When it comes to finding accurate information about foreclosures in Boston's Financial District, you can't do better than turning to the experts at Boston City Properties. We understand the ins and outs of finding and purchasing foreclosures, short sales and bank-owned properties in this and other Boston neighborhoods. Our convenient, free real estate listings allow you to quickly discover currently available Financial District foreclosures, and our team of experts is here to provide additional assistance when you need it.

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How to Find Foreclosures in the Financial District

Buying a foreclosure doesn't have to be difficult. Usually, people struggle to do so because they don't have accurate information. That's where Boston City Properties comes in. From this page, you can sign up to look at listings for Financial District foreclosures, which will get you off to a great start.

A few more things to keep in mind when looking for foreclosures in the Financial District include:

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Bank Owned Properties

What characterizes the properties in this neighborhood? In a word, density. Bounded mainly by perception, this region of the city is known for its glamorous towers and bustling urban life. The properties here are usually condos, apartments, and townhomes, with single family homes being very rare. Bank owned properties in this region usually sell for $700 to $1,100 a square foot depending on the circumstances of the sale. In some instances, a thoroughly gutted penthouse may be cheaper than an elegantly furnished studio apartment on a lower floor.

The average unit here has relatively tall ceilings that overlook beautiful hardwood floors. The overriding design sensibility prizes spaciousness and clean lines. The kitchens tend to favor an inverted L shape, so that the counter bends around, making it impossible for people in different sections of the kitchen to see each other. This additional counter space wraps around and sometimes transforms into an impromptu breakfast nook or place for casually working on a laptop. The further one goes into the kitchen, the more one becomes aware of the level of detail on the cabinets, which have glass panes in each door and tend to as beautiful as they are functional. The drawers and cabinets here favor a white decor scheme, and often the appliances will be purchased to match this overall aesthetic.

The bedrooms tend to have pronounced ceiling features, whether they are molded soffits or exposed beams. The most beautiful bedrooms are those that artfully play with space and light. Several of these use skylights to create a burst of brightness, while the ceiling itself gradually slopes down, creating a series of different levels that reflect the sunlight in the morning. Many of these units have a flat ceiling and floor to ceiling windows at the edge of the room which looks out on the spectacular views of the city. No matter where one lives in this district, it’s hard not to be overwhelmed by the pure beauty of the surrounding urban environment.

Short Sales

For those seeking a refined home in one of the most desirable sections of the city, the short sale properties may offer the best pricing with the most incredible amenities. Many properties that become available in this fashion can be purchased for between $700 and $800 a square foot, although there have been instances of even lower prices.

The homes here tend to be a blend of charming historic detail and contemporary styling. The brick walls are left in a relatively original state, and usually are the ones that hold the vintage windows that look out on the city. Some of these units have added a balcony that can be accessed through a series of doors that have been installed in a freshly remodeled wall. Others retain the original French doors that came with the property when it was first built. In either case, the apartment is designed to take in the city while providing a private space in the very back of the home.

The kitchen tends to be innovative and filled with contemporary design flourishes, especially in those remodels that transform an industrial building built around 1900 into a contemporary dwelling. The kitchens may exist beneath ceilings that have numerous exposed pipes and infrastructure, including old wood beams. Cabinets can be mounted along the walls or housed in a large cluster near the back of the kitchen, which frees up the wall space for beautiful shelves that display truly innovative objects. The shelves sometimes are made of glass, and contrast beautifully with the tile walls underneath them. These kitchens also tend to break from the pattern of using wood cabinets, instead preferring metal or specially treated plastics. This more industrial kitchen gives off a clean, modern look that blends remarkably well with the centuries old brick in the adjoining rooms.

Geography

Centered in the densest and arguably most vibrant part of downtown Boston, this area is said to encompass Downtown Crossing and border on both the Theatre District and Chinatown. Interstate 93 tends to describe its eastern boundary, although there are no official limits to this region. The Norman B. Leventhal Park qualifies as one of the largest publicly accessible green spaces in the area, although Jenney Plaza is also thought to be a part of this neighborhood. High-rises and numerous businesses, from restaurants to offices, are located here. Numerous public transit stops are located throughout the district.

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