Lynn, MA:

This Multi-Family in Lynn, MA recently sold for $160,000.

This property features 13 total rooms, 8 bedrooms, 0.18 acres, and was sold by
Daniel Meegan – J. Barrett & Company

Here are some other properties available in Lynn,MA you may like:

Lynn
$175,000
Lynn
$169,900
Lynn
$170,000
Lynn
$150,000



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Date: 07/27/2014 Time: 11:00 AM to 12:00 PM  
For Directions: click on the map image or feel free to contact me.  
For more information: click here for the full details  

Are you looking for a spacious multi-family that gives you room to move? Look no further! Conveniently located near Historical Downtown Salem. Easy access to down-town, T-Station and Commuter routes. Plenty of off street parking and a two bay garage. You’ll love the convenience. The roof was done over 2 years ago. Replacement windows throughout the property make this a good “cents” purchase. Your owner’s unit has more bedrooms then you’ll believe. Your recently updated kitchen is fantastic. New cabinets, newer appliances. Recently updated heat system. The first floor unit has spacious bedrooms, recently remodeled open kitchen and a comfortable living room. Gas heat and gas stove on the first floor. The bathrooms have both been remodeled. Your yard has mature grape vines, a garden space and shade from the sun. Looking for some rental income or to just spread out? You’ll find it all here.

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There are a lot of things you can do to raise the security of your home from installing better locks to defensive landscaping.  A more active approach is to install an alarm system.  There are a few companies that offer an actively monitored home security systems such ADT.

The real benefit is the piece of mind with a security system.  You have to remember that an alarm system will not keep someone out of your home, but it does act as a deterrent.  The signs and stickers that are provided with the systems actually can help deter a break in passively.  This is a viable option for those who do not want to spend the monthly fee.  The job of the alarm system is to do one thing: alert.  When on vacation, a business trip, at work, or even out to the store your home gains a certain level of protection.  You can be alerted while away by a phone call from the provider or by the alarm when you are sleeping at night.  Sounds pretty good so far right?

The cost should be the next topic then.  You have to pay for a service, after all there has to be someone to call you 24/7 /365 and they have to gather information from you very quickly when needed.  Outside of any one time installation fees if they apply, the monthly cost is around $30-50 and the price can go higher.   There is one more thing to keep in mind while in consideration of this purchase, a discount on homeowners insurance.  You can save to the upwards of 20%.  Assuming insurance is around $800 a year, you could save $160 of that and bring a $360 a year security bill closer to a $200 annual piece of mind.

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The housing market may be in recovery and some analysts are predicting that mortgage rates will be heading upward. In that case, and in any case prospective, current home seekers as well as homeowners are always looking to lock into the lowest interest rate possible.

Here are some tips to help home buyers shop for the best rate:

Before you call your lender and ask for the best rate you need to know two things:

1. The number of points you want to pay.

2. The length of time you want to lock in the rate.

Knowing what you are planning on doing with your home and how long you intend to stay there will give you a baseline for comparison of rates.

Don’t just call any old lender advertising the lowest rates. As not all real estate professionals are alike, neither are lenders. You need a reliable lender who will not try to trick you into a lower rate only to change the rate on you later.

The best way to find a lender is through a referral.  Once you have found a lender you will want to shop around for a few more. Make sure to be up front with everyone, and be consistent. Call them all on the same day and provide the same information to everyone.

The interest rate is not the only fee to consider when borrowing money to buy a house. Be sure to ask about all the additional fees associated with the loan.

For more information check out the Truth in Lending Act.

 

 

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