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Jamaica Plain Foreclosures

Even though the Boston real estate market has rebounded nicely from the crisis, there are still plenty of foreclosed properties to be had. If you're looking for foreclosures in Jamaica Plain, do yourself a favor and sign up with Boston City Properties. When you do, you'll gain free access to our vast database of constantly updated real estate listings, which includes up-to-the-minute Jamaica Plain foreclosure listings.

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Advice for Buying Foreclosures in Jamaica Plain

You can save a lot by purchasing a foreclosure, but is the extra work worth it? It is as long as you arm yourself with the right information. Identifying viable foreclosures in Jamaica Plain is much easier when you team up with Boston City Properties.

A few more points to keep in mind while searching for Jamaica Plain foreclosures include:

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Overview

Located on the southeast side of Boston, this neighborhood has a thriving civic identity and numerous green spaces courtesy of the Emerald Necklace, a public park designed by Frederick Law Olmsted. Within this area, there are over a dozen individual districts, including Brookside, Forest Hills, Parkside, Stonybrook, Hyde Park, and Woodbourne. The average price of a bank owned property in this neighborhood generally is $220 per square foot, while the average price for a short sale property is typically about $300 per square foot. Many of the homes in this region were built around 1900 and have been exquisitely maintained, although a sizable percentage of newer developments are often placed on the market.

Bank Owned Properties

The relative density of this area has created a delightful mix of single family homes and multi-story luxury residences, most of which have either a backyard or a semi-private landscaped green space. The properties sold by the bank often have been built within the last decade, and feature stainless steel appliances, freshly installed wooden cabinetry, and a host of brand new fixtures in the bathroom. The flooring in most of these properties has also been freshly installed, although occasionally the floors are of an older vintage and may require some restoration. Kitchen islands are a frequent amenity in this area, as are large windows that provide excellent views and wells of natural light. The bedrooms are often oversized, allowing for the addition of other furniture, such a desk or dressing table with a vanity mirror. A nook or converted closet designed for vertically stacked laundry machines is common, although in older homes an entirely separate laundry room may be included. In many homes, this separate room has usually been converted into either a study or small bedroom, depending on the wishes of the tenant.

The older homes, many of which date back to 1880, often feature numerous fireplaces and gorgeous period details from the initial construction, including elaborate Victorian front porches with ornate detailing on the banisters, stained-glass windows, and large, airy bedrooms. Ornate cast iron grills, bedposts, and other decorative items are frequently found in these properties. Usually, the structures feature central heat or gas after a mid-century conversion, although it is always worth verifying this fact before bidding on the property. The lots for these houses are normally roomy enough to easily host an outdoor event, such as a barbeque, or to set up a small playground set or lawn furniture. In some cases, the older properties include a series of older trees which have been carefully nurtured for years by previous tenants.

Short Sales

Many of those who decide to embark on a short sale usually do so for reasons that have very little to do with the condition of the property, such as the need to settle a legal matter that involves the splitting of assets between two parties. This is an advantage for buyers who are savvy enough to seek out such sales precisely because homes with a number of appealing amenities can be usually be purchased for far less than they would ordinarily be. Frequently, condos, townhomes, and other residential units in denser parts of the neighborhood can be subject to rapid sales. Many of these units have been recently renovated or refurbished, with galley kitchens, open floor plans in the common areas, and exterior balconies that provide beautiful views of the surrounding neighborhood.

The housing stock in this area is fairly evenly split between buildings built before 1920 and buildings built after. In many cases, industrial brick buildings have been converted into residential units, creating a lovely mixture of older, raw materials and freshly installed finishes and fixtures. These properties tend to have excellent access to shared amenities, including fitness centers and central landscaped areas. Many of the apartments and condos in this range usually have at least one dedicated parking space in the form of a subterranean garage. This space can usually be converted into storage if the owner does not have a vehicle.

The single family homes in this category tend to have large lots and numerous bedrooms. Three to four bedrooms are especially common, with a matching number of bathrooms. Some of the homes have only one or two bedrooms, and are perfect for those buyers seeking a cozier residence that does not require a great deal of energy to maintain. Attic spaces are common; in some homes, these spaces are large enough to double as additional bedrooms or converted offices. Basements are also frequently are a part of many of these properties, although in many instances the basements are used primarily as storage for mechanical, electrical, and plumbing systems.

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