Marjorie Youngren Team - Century 21 Commonwealth | Lynnfield, MA Real Estate, Melrose, MA Real Estat


This Single-Family in North Reading, MA recently sold for $615,000. This Split Entry style home was sold by Marjorie Youngren Team - Century 21 Commonwealth.


4 JUDITH DRIVE, North Reading, MA 01864

Single-Family

$549,000
Price
$615,000
Sale Price

8
Rooms
3
Beds
2/1
Full/Half Baths
JUST OVER THE LYNNFIELD LINE, IN THIS SUPER "COUNTRY CLUB" LOCATION, SITS THIS FABULOUS SPLIT LEVEL HOME ON CUL-DE-SAC STREET. Boasting an UPDATED KITCHEN with CHERRY CABINETS, QUARTZ COUNTERS, HARD WOOD FLOORS AND FULL BREAKFAST BAR - THE ENTIRE FLOOR HAS A GREAT OPEN LAYOUT. Steps away is the LIVING ROOM, w/Bay window, flooding the room with NATURAL LIGHT, a dining room, and SPECTACULAR FAMILY ROOM WITH CATHEDRAL CEILINGS, walls of windows and sliders to the back deck overlooking the LEVEL YARD. Lovely french doors separate the dining from the Family room. The MASTER BEDROOM SUITE HAS VAULTED CEILINGS and sliders to the deck, 2 large closets and a SUPER LUXURIOUS BATH. Two additional bedrooms and bath finish off this floor. The lower level includes another gathering room WITH WET BAR AND BRAND NEW BATH. This room is perfect for a play room, game room or teen hang out. There is also a storage room that leads out to the garage. 4 Bedroom Septic

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There’s many different reasons why you might want to consider choosing a mortgage payment over a monthly rent check. But there’s also a few drawbacks to buying a home. One big obstacle is that of the down payment. When you’re renting a property, there’s a lower amount of money that you’ll need to come up with in order to secure a place to live. With a 20% down payment required to buy a home, saving for that down payment seems a lot more daunting than renting. There’s so many financial advantages to owning a home.  With quite a few factors to consider, buying a home may not be so far out of reach for you. 


Rates Are Low


Even though mortgage rates fluctuate from time to time, they’re still low enough that it makes sense to buy a home and make it a much cheaper monthly cost than renting.  


Rental Rates Are Not Guaranteed


Your rent is not guaranteed to stay the same over time. The price can go up after the lease ends. Another problem with renting is that the landlord can decide that he wants to make improvements to the building at any time, even improvements that you’ll be required to move out for. You could end up in a bind fairly quickly if you’re put in this situation. 


If you buy a home, the only change to your expenses would be if you choose an adjustable rate mortgage or if there’s changes in property taxes and insurance rates. Your expenses are more predictable when you buy a home. 


You’ll Build Equity When You Buy A Home


One of the top reasons to buy a home is to enable you to build equity. Over time, you’ll have a piece of property that will provide cash that you’ll be able to tap into when needed. Home equity doesn’t replace the other ways that you save, but you’ll have another source of financial backing. Your monthly mortgage payment is in essence going into the “bank” of your future. 


There’s Plenty Of Tax Breaks For Homeowners


This is one known financial benefit of owning a home. The initial years of your home ownership mainly go towards paying down the interest on the home. The good news is that this expense is tax deducible. Also, you’ll benefit financially when you sell your home as you won’t have to pay tax on gains you have earned if you live in your home for at least half the time within the 5 years before you sell. Home insurance and mortgage insurance are also tax deductible. 


While the idea of buying a home may seem like a feat, financially, it’s a smart decision. When you’re renting, you don’t see a return on the monthly check that you shell out. If you own a home, you own it and it’s your to do with as you please. You get out of your home what you put into it. 


This Single-Family in Lynnfield, MA recently sold for $850,000. This Contemporary,Ranch style home was sold by Marjorie Youngren Team - Century 21 Commonwealth.


21 Huntingdon Road, Lynnfield, MA 01940

Single-Family

$999,000
Price
$850,000
Sale Price

11
Rooms
4
Beds
3
Baths
CUSTOM BUILT, ONE OWNER IN KING JAMES GRANT. Ease of living in this beautifully maintained contemporary ranch. Open concept, loads of natural light offering great views of the tranquil back yard with a heated gunite pool (15X45) This 4 bed, 3 bath home, has gas heat, hardwood floors, 3 fireplaces, sun-room, home office, finished basement all situated on a gorgeous level corner lot. There's a well for lawn irrigation and a backup generator too! Roof 7 years old, windows 7 years, furnace 8 years, pool heater 5 years, pool filter 3 years. It doesn't get much better than this!

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The homebuying journey is rarely problem-free. Fortunately, homebuyers who know how to address challenges throughout the property buying journey should have no trouble making their homeownership dreams come true.

Now, let's take a look at three tips to help you develop an effective approach to address any homebuying challenges that come your way.

1. Be Diligent

When it comes to homebuying challenges, it helps to be diligent. A diligent homebuyer allocates time and resources to understand problems and address them from every angle. As such, this buyer may be better equipped than others to find the right solution to any homebuying challenge, at any time.

Furthermore, a diligent homebuyer often learns about the housing market and analyzes real estate market patterns and trends. With this information at his or her disposal, a homebuyer can use real estate market data to gain an advantage over rival property buyers. And as a result, a diligent homebuyer can use housing market data to make fast, informed decisions throughout the property buying journey.

2. Understand the Worst-Case Scenarios

No one likes to think about the worst-case scenarios. Yet considering potential challenges that could arise during the homebuying cycle may help a property buyer plan ahead for these problems.

As a homebuyer, it is important to prepare as much as possible for all stages of the property buying journey. If a buyer understands potential challenges, he or she may be able to address such problems without delay. Perhaps best of all, this buyer can minimize the risk of encountering possible hurdles that otherwise may prevent him or her from finding the right house at the right price.

3. Work with a Real Estate Agent

Dealing with a homebuying challenge on your own can cause immense stress. Lucky for you, real estate agents are available who can help you identify and resolve any homebuying challenges before they escalate.

A real estate agent is a homebuying expert who can guide you along each stage of the property buying journey. First, he or she will learn about your homebuying goals and craft a custom property buying strategy. A real estate agent next will keep you up to date about new homes that match your property buying criteria, as well as set up home showings. And once you find a house that you want to buy, a real estate agent will help you submit a competitive offer to purchase this residence.

Let's not forget about the assistance that a real estate agent provides after a seller accepts your offer to purchase a home, either. At this point, a real estate agent will help you schedule a house inspection and ensure that you are fully prepared for closing day. And if you have concerns or questions along the way, a real estate agent is ready to respond to them.

Want to become a confident homebuyer? Use the aforementioned tips, and you can bolster your homebuying confidence and address any homebuying challenges with poise and integrity.


This Single-Family in Lynnfield, MA recently sold for $885,000. This Split Entry style home was sold by Marjorie Youngren Team - Century 21 Commonwealth.


29 Chatham Way, Lynnfield, MA 01940

Single-Family

$895,000
Price
$885,000
Sale Price

13
Rooms
4
Beds
2/2
Full/Half Baths
King James Grant neighborhood, minutes to town center plus Whole Foods and restaurants at Lynnfield Marketplace. Sunny home ideal for a growing family! The 1st floor has fentry with inlay marble and walnut flooring, a cozy den, large formal living room with bay window and fireplace, formal dining room with molding and window bench, wood paneled library with walnut parquet floors, family room with fireplace, wet bar, coffer ceilings and windows to the landscaped grounds with brick patio and pool. Fenced yard for play. There is a sun filled breakfast room, large kitchen, and plenty of storage. The 2nd floor features a master suite with large walk in and en suite bath, there are an additional 3 bedrooms and a office on this floor plus another full bath with double sinks. Lower level has a 1/2 bath that can easily be expanded to a full, a large living area with fireplace and its own entrance from the exterior. Ideal location and XL size! Gas on Street GREAT INVESTMENT

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