So I found this "pre-foreclosure" home in nearby Hingham, Massachusetts. My wife and I are going to look at it this weekend. It's about 3,800 square feet including the basement.
Price Reduction with new septic system to be installed. Luxury rambling Cape, newly built in 2002 with complete renovation of the existing structure, many custom features include Canadian cherry cabinets, Brazilian granite, all higher end appliances including GE Monogram double ovens, cook top and microwave and built in Kitchen Aid refrigerator and sitting area. The eat in kitchen blends into the Great Room with fireplace and french doors that open onto the mahogany deck leading onto a private flat backyard. Walk up to the master bedroom suite with cathedral ceiling and skylight including walk in closet and master bathroom suite with jacuzzi and tile seat glass shower with multi shower heads and rain shower. Lower Level is ideal with 912 square feet for in law, teenager or au pair suite with hardwood, full bathroom and walk-in closet. This Cape is centrally located minutes from Route 228 and close to the New Commuter Rail Service and Hingham Commuter Boat. Situated on a Cul De Sac Neighborhood and desired Plymouth River School District. A Wonderful House, give a call and see for yourself!!! Motivated seller this house is ready for new owners!!!!
That's the kitchen pictured above. The house is listed for 719k right now but will probably foreclose in the low 600s. If you can believe it, this is the first foreclosure we have found in our desired neighborhood and price range yet. Real estate here has been declining but to this point, very slowly.
I emailed it to my buddy in Florida who's a real estate broker to get his opinion. His response, "That's ridiculous" - as in still way too high. But what does he know, he's in Florida?
He then emailed me this pic of a 4,000 square foot home outside of Naples. It's brand new and on the block for 375k (part of a DR Horton inventory liquidation).
I think it's highly unlikely that I will bid on this Hingham "short sale" but if I was inclined, the pic of that beautiful house in sunny Naples might have dissuaded me.
Heck, it's less than $100 per square foot.
Not to go unmentioned is the fact that Naples/Fort Meyers area currently has the highest foreclosure rate in the nation.
3 comments:
After having spent a considerable number of drunken evenings in Hingham, I too think that it is still a bit over priced - at least for this particular property. Nice area though.
"...au pair suite with hardwood..."
--Is that with you standing there? Hahaa.
You know, when my brother-in-law was looking for an imported nanny/au pair, he told me the catalog noted their "dimensions".
No lie!
Those wives who think it's safer to get an au pair with amplitude can sometimes be in for a shock - as the food bill climbs.
I just fired a baby sitter who was eating three pieces of my lunchtime pizzas.
The next ad I take out on craigslist for a sitter will demand a low-moderate appetite.
There are many beautiful homes available in Florida and the second thing to look for is employment if you find that it is a perfect match. Naples is one of the most beautiful areas of the state with manicured yards and pristine homes. The gulf waters are that of the caribbean in color and can be a great place to raise a family or retire.
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