Seaport District Foreclosures
On the hunt for foreclosures in Boston's Seaport District? The first step is to get your hands on accurate information about Seaport District foreclosures, and the best way to do so is by signing up for free access to Boston City Properties' real estate database. It includes up-to-the-second listings for foreclosures in this neighborhood and in all other Boston neighborhoods and suburbs. We can also connect you with real estate experts who can assist you throughout your search.
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Tips for Buying Foreclosures in the Seaport District
While it's true that you can save money by purchasing a foreclosure, it's still crucial to proceed with caution. What seems like a great deal could turn out to be anything but if you fail to perform your due diligence.
A few tips to remember when buying Seaport District foreclosures include:
- Identify Viable Prospects Quickly - People often waste tons of time looking for foreclosures in the Seaport District because they don't have access to accurate information. Avoid this problem by signing up to view foreclosure listings from Boston City Properties.
- Pay Cash or Get Pre-Approved - You'll want to make an offer quickly once you've found a viable Seaport District foreclosure. Be prepared to do so by either paying cash or by having a pre-approval from your lender. Otherwise, your offer is unlikely to be taken seriously.
- Pay for an Inspection - A professional inspection doesn't cost much, and it can save you big-time. Like Seaport District short sales and bank-owned properties, foreclosures are sold as is. You'll be out of luck if you discover something wrong after closing, so always have an inspection performed.
Check Out Listings for Seaport District Foreclosures
The perfect Seaport District foreclosed property awaits you. Find it right away by signing up to view real estate listings from Boston City Properties. Our database is constantly updated, so you can rest assured that you're always getting the best and latest information. We'll also connect you with foreclosure experts in the area, so contact us now.
Overview
Located to the north and east of South Boston, this strip of the city’s waterfront has undergone a profound transformation from a relatively sleepy industrial sector into one of Boston’s hottest real estate markets. Composed of dozens of new luxury condo developments and mixed-use projects, the area has seen a number of nationally known companies either locate their headquarters here or invest heavily in opening offices nearby. The oldest vintage housing stock in this region is usually composed of early 1900s multi-story apartment buildings. Single family homes are very rare. Because the market has experienced such rapid growth, bank owned homes and short sales are rarer here than in other parts of the city. However, when these types of sales do occur, the average purchase price per square foot ranges between $700 and $800. Most of the residences in this area have been built after 2011. However, it is worth noting that a substantial number of residences have been created out of former industrial or commercial buildings that were built before 1900.
Bank Owned Properties
Awe-inspiring lobbies, magnificent city views, and roomy, beautifully appointed interiors make up most of the residences in this area. High rise complexes are common, with ten or more floors of luxury condos stacked atop each other. Although most of the condos are designed to span one floor, some of the units bridge multiple floors. These multi-floor units are typically penthouses or large corner units. However, some of the units with the highest number of bedrooms take over the majority of a floor plate in a former commercial building, allowing for the creation of half a dozen separate bedrooms laid out along a series of wood-lined hallways and elegant interlocking corridors.
Kitchen design typically favors a U or L-shaped layout, with the back wall of the kitchen functioning as the rear of the unit. The second part of the kitchen faces out into the residence, often foregoing overhead cabinets in order to create a visual through line between those in the kitchen and the rest of the common area. Depending on the size of the unit, the kitchen may also connect to another wing of the condo where other bedrooms, study areas, and even a library may exist. Recessed lighting is the most common in this type of development, although hanging fixtures are occasionally provided, especially in the dining or reading areas.
Older units are laid out in a fairly straightforward way, with a shared staircase between the individual units provided access to different floors. Each unit typically has a large front living room with separate dining and kitchen facilities. The rooms are usually smaller than in brand new construction, partly to foster a sense of intimacy, and also to make it easier to heat the units during the winter. The units are lined with windows. In some units, bay windows create a small nook perfect for a desk or a seasonal decoration, or other large display object.
Short Sales
Because of its proximity to the waterfront, many of the newly constructed units have one wall that is made up of floor to ceiling glass panels to maximize the view. This wall may be divided with an aesthetically inventive series of mullions, creating a frame for a sliding glass door. Balconies are frequently cantilevered out over the water, creating an ideal place to have an early morning beverage or late night snack. The level of sophistication of the residence is frequently reflected in its higher end amenities, including a wine refrigerator, an elongated kitchen with white marble, silver nickel handles, and a stainless steel oven vent.
The floor to ceiling glass wall may be divided within the unit so that a series of bedrooms can be placed along its length. This creates the opportunity for sumptuous master bedrooms and bathrooms, as well as richly appointed guest suites. The bathrooms often feature a wall of mirrors lit by specially designed fixtures. Full closets with custom built shelving usually are included within these bedrooms.
Most of the units built after 2011 have a LEED certification. This is reflected in the insulated windows and doors, as well as the types of materials used in the structure. In many cases, the materials have been selected because they have a low environmental impact. Some interiors employ creative repurposing, using unusual assortments of aluminum or other materials to create distinctive, vibrant interiors that reflect the nautical history of the environment around them.
The exterior balconies can occasionally be extended to span the length of the unit, creating a long space that can hold a dozen or more guests along with patio furniture. The views here are incredible and varied; the exterior of the complexes are often refinished brick, and add an additional aesthetic note of sophistication.
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