Business & Finance Renting & Real Estate

Marlborough, MA Real Estate: What Can I Get For My Money?

Having recently been ranked one of the best places in the country to raise kids Marlborough, MA is certainly attracting a lot of attention from both families looking to relocate and real estate investors looking to get in before the anticipated turnaround later this year.
So how much home can you expect to get for your money in Marlborough, MA? Marlborough, Massachusetts may boast having one of the lowest foreclosure rates in the world at one 1 out of every 2,587 housing units in December 2010, though there are still plenty of bargains.
According to the leading compiler of foreclosure data the average foreclosure sales price is currently $85,809 but no matter what your budget is you will find something that fits just right.
For those on a tight budget there are many great Marlborough, MA condos for under $70,000.
In fact 1 bedroom units can be found for as little as $29,900.
At today's incredible mortgage rates that means mortgage payments of less than $190 per month! Try finding anywhere else in the US you could even rent something for so little.
Mid range homes include 3 and 4 bedroom newly remodeled, incredibly spacious single family detached homes from just over $200,000 as well as a collection of brand new townhouses with over 2,000 sq ft, stunning wooden floors and and dazzling kitchens for around $271,000.
While those looking for something a little more elegant will discover a range of homes in the $800,000 price range that look like multi-million dollar stately homes and are a dream come true for even the most discerning buyer.
Expect to find 4 or more bedrooms, over 4,000 feet of living area, immaculate grounds, hardwood floors and mammoth chef's kitchens.
Whatever type of home your are looking for in Marlborough, MA and the surrounding areas you can be sure that great deals abound.
However with home prices and mortgage interest rates expected to climb later this year you will definitely be wise to make a move sooner rather than later.
While there are quite a few homes on the market to choose from you will still be best served by checking with a local agent or real estate investment company to discover what further discounts can be had from short sales and foreclosure properties.
Happy house hunting!
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