Location: Suffolk County, Massachusetts
City: Dorchester
Price: $130,000
Zestimateâ„¢: $510,215
Difference: $380,215
Note: Other comparable listings in the area range from $439,601 up to $510,215. For more property details or to talk to a local real estate agent/broker about this listing CLICK HERE.
Ever hear of the saying, “Purchase the ugliest house on the prettiest block?” It’s an old real estate investor-ism that essentially translates into instant equity. This property is one of those examples. That’s because this house needs work, but once it is all spruced up the financial return could be staggering.
To check out some of the other “Deals of the Day†feel free to visit our archive.
What’s the deal of the day? We comb through our nationwide database of more than 1.2 million distressed real estate listings to showcase some of the best investments available on our Web site each morning. These listings represent just a small fraction of the amazing investment opportunities available at Foreclosure.com. To find more bargains like the one pictured above search Foreclosure.com or sign-up for FREE Email Listing Alerts.



2 comments
Comments feed for this article
Trackback link
http://blog.foreclosure.com/2007/11/massachusetts-foreclosure-homes-deal-of-the-day/trackback/
January 11, 2010 at 1:12 am
Jonas
Be forewarned, however, that as a purchaser at foreclosure, you are taking a significant risk. Some homes have had the copper piping stolen out of them, for salvage value, or are peopled with tenants who won’t leave, and won’t pay rent.
January 19, 2010 at 11:49 pm
Reverse That Foreclosure
That’s true! The house looks fantastic though.