Marjorie Youngren Team | Lynnfield Real Estate, Melrose Real Estate, Middleton Real Estate


ONE OWNER - CUSTOM BUILT colonial in the coveted MACINTYRE Estates. This IMPECCABLY maintained property screams pride of ownership, you can feel it as you enter through the front door into the well appointed two story foyer. Just steps away you'll find yourself in the heart of the home a KITCHEN any cook would enjoy spending time in, surrounded by floor to ceiling custom cherry cabinets, granite counter tops, double ovens, a GAS cook top and high end appliances! The CATHEDRAL ceiling family room has an Atrium door which leads to the lush and private backyard, sit on the deck and enjoy! Master bedroom has vaulted ceilings, two walk in closets and an over-sized MARBLE MASTER en-suite. The second floor houses three additional bedrooms all offering hardwood floors, and large closets. The bright and cheery second floor laundry makes the chore a breeze, and for added convenience there is walk up attic access. This home offers so many amenities, you need to see them for yourself!

More Info on this Property | New Listing Alerts


6 Tarbox Lane, North Reading, MA 01864

Single-Family

$1,050,000
Price

9
Rooms
4
Beds
2/1
Full/Half Baths
ONE OWNER - CUSTOM BUILT colonial in the coveted MACINTYRE Estates. This IMPECCABLY maintained property screams pride of ownership, you can feel it as you enter through the front door into the well appointed two story foyer. Just steps away you'll find yourself in the heart of the home a KITCHEN any cook would enjoy spending time in, surrounded by floor to ceiling custom cherry cabinets, granite counter tops, double ovens, a GAS cook top and high end appliances! The CATHEDRAL ceiling family room has an Atrium door which leads to the lush and private backyard, sit on the deck and enjoy! Master bedroom has vaulted ceilings, two walk in closets and an over-sized MARBLE MASTER en-suite. The second floor houses three additional bedrooms all offering hardwood floors, and large closets. The bright and cheery second floor laundry makes the chore a breeze, and for added convenience there is walk up attic access. This home offers so many amenities, you need to see them for yourself!
Open House
Sunday
June 16 at 2:00 PM to 4:00 PM
Cannot make the Open Houses?
Location: 6 Tarbox Lane, North Reading, MA 01864    Get Directions

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This Single-Family in Danvers, MA recently sold for $940,000. This style home was sold by Marjorie Youngren Team - William Raveis Real Estate.


1 Neal Rd, Danvers, MA 01923

Single-Family

$950,000
Price
$940,000
Sale Price

6
Rooms
4
Beds
2/1
Full/Half Baths
Welcome to 1 Neal Road! This home was designed and built by the current owners with luxury and ease of living in mind. The first floor offers a large open living area with the focal point being a 15 foot quartz center island. Plenty of room for all your guests while you cook gourmet meals in your custom chefs kitchen. Entertaining is a breeze with an outside dining/living room, complete with ceiling fan, chandelier and heated gunite pool. The first level master is true perfection. Double sided modern Napoleon gas fireplace, trey ceiling, fitted large master closet and luxurious master bath, complete with soaking tub. The first floor rounds out with a stylish powder room and a laundry room tucked behind the hanging barn door. Head upstairs where you will find 3 more bedrooms and another full bathroom. If you are looking for a true luxury turn-key home where you can drop your bags and be done, this is it! Great location for commuting & rail trail access. This home can convey furnished

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6 Tarbox Lane, North Reading, MA 01864

Single-Family

$1,050,000
Price

9
Rooms
4
Beds
2/1
Full/Half Baths
ONE OWNER - CUSTOM BUILT colonial in the coveted MACINTYRE Estates. This IMPECCABLY maintained property screams pride of ownership, you can feel it as you enter through the front door into the well appointed two story foyer. Just steps away you'll find yourself in the heart of the home a KITCHEN any cook would enjoy spending time in, surrounded by floor to ceiling custom cherry cabinets, granite counter tops, double ovens, a GAS cook top and high end appliances! The CATHEDRAL ceiling family room has an Atrium door which leads to the lush and private backyard, sit on the deck and enjoy! Master bedroom has vaulted ceilings, two walk in closets and an over-sized MARBLE MASTER en-suite. The second floor houses three additional bedrooms all offering hardwood floors, and large closets. The bright and cheery second floor laundry makes the chore a breeze, and for added convenience there is walk up attic access. This home offers so many amenities, you need to see them for yourself!
Open House
No scheduled Open Houses

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No homeowner wants to borrow more money. However, if you’re experiencing hard financial times or looking for a way to fund a home improvement project, there are ways to borrow money with your home as collateral.

In this article, we’re going to talk about home equity loans and home equity lines of credit (HELOC). We’ll explain how they differ and break down their benefits and risks.

Before the bubble

Before the financial crisis of 2007-2008, many homeowners were borrowing readily based on the equity of their home. Interest rates were low on home equity loans, encouraging homeowners to leverage their portion of homeownership.

During the recession, however, all of that changed. People owed more money on their mortgages than their homes were worth, and banks became reluctant to lend.

In recent, years, however, house prices have been creeping back up, and banks and homeowners alike have gained confidence in the equity of their home.

As a result, a growing number of homeowners are turning back to home equity loans and lines of credit as a source of low-interest financing.

So, what exactly are these loans and credit lines?

The difference between a home equity loan and a line of credit

A home equity loan is a lump sum of money that you borrow which is secured by the value of your home. Typically, home equity loans are borrowed at a fixed rate. Lenders take into consideration the amount of equity you have in your home, your credit history, and your verifiable income.

A home equity line of credit (HELOC) is a bit different. Like a credit card, you are able to borrow money as you need it via a credit card or checks. HELOCs often have variable interest rates, which means even if you’re approved for an initial low rate it could be increased. As a result, HELOCs are better suited for borrowers who can withstand a higher leverage of risk and variation each month.

Is now a good time to borrow?

If you’re a homeowner, there’s an understandable temptation to use the equity you’ve built over the years to your advantage. In some cases, home equity loans and HELOCs can earn you better interest rates than other forms of borrowing.

However, as with other loan types, it’s important for homeowners to realize that HELOCs and home equity loans are not the same as having cash in your savings account.

Another danger that borrowers face is the potential for foreclosure if things go badly. While most lenders won’t seek foreclosure after a few missed payments, your home has been put up as collateral for repaying the loan. Most lenders will choose to sell a defaulted loan to a collections company rather than seek foreclosure.

Ultimately, the best course of action is to avoid borrowing unless it will help you out financially in the long term. However, for those with high home equity who may, for one reason or another, need to borrow, a home equity loan or line of credit might be the best choice.




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