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Mission Hill Foreclosures

Would you like to purchase a foreclosure in Mission Hill? Like all types of Boston real estate, Mission Hill foreclosures don't tend to sit on the market for too long. Investors, in particular, try to snap them up quickly. Give yourself the best shot at finding a great deal on a foreclosure in this neighborhood by signing up to view free real estate listings by Boston City Properties. With this simple step out of the way, your search will be off to a great start.

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Tips for Buying Foreclosures in Mission Hill

Buying a Mission Hill foreclosure differs significantly from buying a "regular" property. There are great deals to be had, but that doesn't mean you'll save a lot no matter what. In addition to providing you with up-to-the-minute listings for Mission Hill foreclosures, Boston City Properties has experts who can assist you every step of the way.

A few points to keep in mind when purchasing a foreclosed home include:

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Overview

With a perimeter formed by the town of Brookline to the west, Columbus Avenue to the east, and Ruggles Street to the northeast, this three-quarter square mile section of Boston is located very close to several prestigious medical facilities and teaching hospitals, including the Harvard T.H. Chan School of Public Health. The area is primarily occupied by institutional buildings, although more housing has been added recently. Both single family homes and apartments/condos are within the neighborhood’s boundaries. The average purchase price per square foot for a bank owned home in this neighborhood is $300 per square foot; short sales typically range between $200 and $300 per square foot. Most of the housing stock in this neighborhood was built after 1930.

Bank Owned Properties

With its charming streets and vibrant street life, this neighborhood has a number of single family homes that span two or more stories. Typically, the exterior is clad in clapboard, although brick facades are also common. The front entryway is traditionally covered with an overhang, often supported by neoclassical columns. In other homes, the front entryway is actually set into the side of the building, and therefore sheltered from the wind and other elements. The staircase connecting floors is usually placed directly opposite the front door, creating a direct pathway to the upper floors. The living room is traditionally off to the other side of the entryway, and often is separated from the kitchen and dining areas with full walls. In houses built after 2000, these dividing walls may not be present, as many developers prefer a more open and therefore configurable plan.

Depending on the year of construction, the houses here may have either brand new stainless steel appliances or vintage appliances that have been well maintained. The decor of the kitchen will often set the tone for the type of appliances found within the home. A country style kitchen, with linoleum flooring and ceramic sinks, will usually have larger appliances that have rounded exteriors and large, prominent handles. A modern kitchen with very little ornamentation will usually feature stainless steel appliances. The countertops often are granite or marble, with storage spaces located both above and below the countertop.

Short Sales

The number of newly constructed housing units in this area means that several beautifully furnished units are often available or about to come to the market. These units typically are located in larger complexes that share several common areas, such as an exercise facility, a playroom for children, and in some cases a restaurant or cafe on the ground floor. The units themselves usually feature two to three bedrooms, and are laid out on one floor. Windows are located along one wall, and the kitchen is placed near the interior entryway, which is located on an interior hallway. The main entrance to the building itself usually is sheltered by a cloth canopy or exterior overhang. These complexes traditionally have either a dedicated lobby space or a small foyer which doubles as a place for mail boxes. Depending on how tall the unit is, an elevator may be part of the building. Some units are walk-up only.

These newer complexes may feature a variety of different materials on their facade, from steel mesh to glass to textured wood grain. Most of the units have an exterior balcony or deck that is large enough for two people to comfortably enjoy the view. The location of this neighborhood makes it easy to have awe-inspiring views of the skyline or the harbor, depending on the vantage point of the building. Easy access to public transit also makes this area highly desirable.

The interiors of these units typically are finished with fresh paint and hardwood floors. Tile is frequently used in the bathrooms, which usually have either a shower or a shower/tub combination. Units that are located in an older building often have gorgeous bay windows along one corner that create a perfect place for a dining table or desk. Hardwood floors are also exceedingly common in these units, as are large kitchens with a U-shape. The kitchens usually are placed at one end of the unit, with the living area placed at the very front of the unit. Those residences that have been built after 2000 tend to emphasize their sustainability and energy efficiency; many of them have triple pane windows and other means of cost-saving insulation.

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