Seekonk, MA Real Estate News

By Michael Mahoney, Boston Realtor with Century 21
(Century 21)
1566 Fall River Avenue Seekonk MA 02771 Overview Maps Photos Description Neighborhood $200,000 Commercial Main Features 3 Bedrooms2 Full Bathrooms2 UnitsInterior: 1,800 sqftLot: 82,807 sqftYear Built: 1940 Location 1566 Fall River AvenueSeekonk, MA 02771USA Michael Mahoney Keller Williams Realty(617) 615-9435[email protected]// http://www.realtormikemahoney.com         Listed by: Keller Williams Realty by RealtorMikeMahoney.com Our recent listings1566 Fall River Avenue Seekonk MA 02771 Subscribe to our listing feed See more Seekonk, MA real estate for sale // -1&&m>28){j=28+s;s='';if(j/g,'>');l[i].href='mailto:'+t.value}}catch(e){}}}catch(e){}})(document);// ]]>
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
What's to become of the Sam's Club building in Seekonk Ma?Earlier this month it was announced that three of the Sam's Clubs in the south eastern New England area would be closing its doors.I was in the Seekonk one over the weekend and the inventory has dwindled quite a bit as the store moves towards it target close date of February 5th.Its a good sized building and I am curious to see who or what eventually moves in. The location is great. Sitting at a busy intersection of route 114 and route 6, visibility is great and it's basically right off the highway.Possable tenants could be another grocery store like Market Basket. Would Lowes move from the plaza behind it to this spot? Maybe another club store like Cosco. I don't know if there are any deed restrictions on the property. In other ...
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
As a commercial mortgage broker I get to see some really exciting loan products.Here is an overview on a commercial mortgage the assigns value to the property based on repairs/renovation  not yet done.This is not an official offer to lend but simply a look at some guidelines.Collateral: 1-4 family non-owner occupied residential real estate.Term: 12 months.Loan Amount: $75k-2.5M.Loan to Value: Up to 65% of the After Repair Value!Credit Scores: 650 Minimum.Experience: Must provide proof of prior rehab investment experience.Closing: As few as 10 business days. Naturally, you should call myself or a broker you normally deal with to discuss your exact project to see if it fits with this program or any other program. Jason  
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
Commercial Lenders in Seekonk Ma 02771 and surrounding area. If you currently own or are looking to purchase commercial real estate in the Seekonk MA area. My office has several good outlets for any potential client to consider. Not all scenarios are the same and not all lenders are the same. The benefit of working with a broker is that you have the ability to shop more lenders and have more loan programs to consider. Additionally, my office also has relationships with private money lenders for clients who may fall short of bank or traditional loan approvals.  
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
I had a conversation with the manager of a drugstore chain last week about what it was like working for a big retail corporation. Specifically we spoke about quality of life and the work life balance that can be difficult to manage while working long demanding hours. She mentioned to me that Hobby Lobby was closed every Sunday. Wow! What a throwback, I can remember growing up and every Sunday most store parking lots were empty because most places were closed on Sunday. This really impressed me, that a big retail chain like this see's that taking this day off can mean a lot to an individual or family. There is time for church, to read, to spend with the family or to simply sit and think. I had never been to a Hobby Lobby before. I really wasn't sure what they sold or if there was any rea...
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
  When interviewing clients and reviewing their paperwork, I've come to realize that there are five "E"s that help determine how strong a deal we have and how likely we can get it to fund. Equity. With private money, this is the most important "E" in the game. Private money is equity driven, without this one, forget it... A property's equity position can get a helpful nudge in the right direction by a variety of ways. Several examples would be introducing another property as collateral, cash in or maybe a seller held second.Expertise. What does the clients resume look like? Are they an experienced house flipper. Have they managed rental/investment property in the past?Expectations. Does the client understand that private money will cost more than borrowing the money from a bank? With th...
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By Jim Mushinsky
(Centsable Inspection)
A Seekonk MA home buyer should receive a brochure, Home Inspectors Facts for Consumers Sheet, at the time of the signing of the first written contract to purchase. A standard home inspection in Massachusetts is a visual examination of the physical structure and major interior systems of a residential building consisting of one to four dwelling units. It should be understood that there are certain risks inherent in the purchase of property and a home inspection is inherently limited in its scope and depth. The information gained from home inspection conforming to the Massachusetts Home Inspector Standards of Practice may reduce some of those risks, but the home inspection is not intended to provide the client with protection from all of the risks involved. Visit the Seekonk MA Home Inspe...
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By Karen Ann Martin Realtor Safe Harbor Realty, Realtor Fall River & Westport MA Real Estate Agent
(Safe Harbor Realty )
See more photos - Virtual Photo tour at www.KarenMartinHomes.com  3 bedrooms 2 Full Baths Gleaming Hardwood floors Kitchen boast Granite counters Open floor plan Beautiful curb appeal Wonderful Cul de Sac Neighborhood Pristine Move in Condtion Finished basement would be easy In Law w 2 separate entrances attached Garage Easy HWY access offered at $325,000 Call for Open House times  Karen Martin Re/Max Right Choice Real Estate 774.930.8181
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By Karen Ann Martin Realtor Safe Harbor Realty, Realtor Fall River & Westport MA Real Estate Agent
(Safe Harbor Realty )
Seekonk Ma Open House - We invite everyone to visit our open house in Seekonk at 65 Blacksmith Rd on May 12 from 1:00 PM to 2:30 PM. Spacious home in Seekonk is in pristine condition. Gleaming hard wood floors Open Floor Plan & Beautiful Sparkling Kitchen w Granite countertops & Baths are a few of the special details this home offers. Cathedral Ceilings in Living room. Family room in Finished basement boasts a Gas Fireplace & french doors leading to back yard featuring above ground pool,patio,shed & garden area. Home sits in a Quiet, Desirable cul de sac Neighborhood w backyard abutting woods yet just 3 mins to HWY. Offered at $325,000 See a Virtual Photo Home Tour at www.KarenMartinHomes.com Karen Martin Re/Max Right Choice Fall river ma REal estate 774.930.8181
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By Lori Lincoln And Associates, Top Agent Taunton,Dighton Rehoboth &more
(Top Agent Serving Dighton Taunton, Rehoboth and more!)
Seekonk MA  Real Estate  Report and Homes for Sale The Data below is telling, look at the list price vs. the Sold prices in Seekonk.  Then look at the average market time for each. Telling.  Homes that are priced at market, sell faster. Source:MLSPIN__________________________________________________________________________________   There are currenty 104 homes on on the market in Seekonk Average Days on Market for Unsold homes in Seekonk  is 223 The median home LIST  price is $359,900  __________________________________________________________________________________________________ Sold homes in Seekonk ( over the past month) The number of homes sold in Seekonk this past month is 7 Average Market time in Seekonk is 77 days ( for the homes that sold) The lowest price sold this past mon...
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By Lori Lincoln And Associates, Top Agent Taunton,Dighton Rehoboth &more
(Top Agent Serving Dighton Taunton, Rehoboth and more!)
Taunton MA Real Estate Market Trends- Keller Williams Realty   What is My Home Worth? Receive a custom evaluation for your home in Taunton,Rehoboth, Swansea and more, including comparisons to other homes that have recently sold or are on the market. This guarantees you receive the most accurate information available. To find out what your home is worth, fill out the information below: Home Information Address: Zip Code: 023240234602375027020270302715027180272002721027230272402725027260274702764027670276902771027770277902780 Other... Please enter Zip: Beds: Any1+2+3+4+5+ Baths: Any1+2+3+4+5+ Square Footage: Select One< 6008001,0001,2001,4001,6001,8002,0002,2502,5002,7503,0003,5004,0005,0006,0007,0008,0009,00010,000> 10,000 Reality: Contact Information to Receive Your Report First Name: L...
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By Lew Corcoran, ASP®, Home Stager & Real Estate Photographer
(Scena Home Staging & Decora Photography)
Mortgage Rate Forecast for September 17, 2010 - Improving, or...? Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities (MBS) Are Doing Today: The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.56 this morning - up 8/32 from yesterday's close. At 9:30 AM, the 4.0% MBS coupon was trading at 102.53 - down 1/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will up to 0.250 points better in price this morning as compared to yesterday afternoon. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 8-18-2010 to 9-17-2010: Economic Reports, New...
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By Lew Corcoran, ASP®, Home Stager & Real Estate Photographer
(Scena Home Staging & Decora Photography)
The Trend in Home Sales in Seekonk MA - Improving, or...? Home prices in Seekonk on average are falling! Home prices are down 9.6% since August of 2009. The current average listing price of homes for sale in Seekonk MA is $350,938, down 1.3% from a month ago. Compare this to the current median sales price of $253,111 - where half of sales are above this amount and half below it. 2 bedroom homes are selling for more than they were a year ago. However, 3 and 4 bedroom homes are selling for less. Prices of 2 bedroom homes are up 8.1% from year ago levels while prices of 3 bedroom homes are down 22.5% and 4 bedroom homes are down 8.5%. Below is a chart of the trend of median prices of homes for sale in Seekonk MA over the past 5 years through August 2010: Seekonk Recently Sold Homes The num...
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By Lynda Longmire
(Virtual Homes Real Estate)
Seekonk Massachusetts Real Estate Market Reports for 2009 Single Family Home Sales The Seekonk, MA real estate market report indicates that there were 62 homes sold in 2009 as compared to 54 in 2008. This represents a 15% increase in the number of homes sold. The average sales price changed from $293439 in 2008 to $296490 in 2009, a 1% increase in value. The days on market changed -12 % from 162  to 142. Visit Seekonk MA real estate for information about the community, relocation, demographics, MLS search, home buying and selling guides.   Go to Seekonk MA homes for sale to view current listings of homes, condos, multi-family and land listings. Condominium Sales The Seekonk, MA condominium market data indicates that there were 1 condos sold in 2009 as compared to 5 in 2008. This repres...
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By Lew Corcoran, ASP®, Home Stager & Real Estate Photographer
(Scena Home Staging & Decora Photography)
Trend in Home Sales in Seekonk MA Through May 2010 According to Trulia.com, sales prices of homes in Seekonk have decreased 17.4% over the past year through May 2010, and have depreciated 22.8% over the past 5 years. The current average listing price of homes for sale in Seekonk MA is $353,442, while the current median sales price is $225,000. The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median prices of homes for sale in Seekonk MA over the past 5 years Seekonk Recently Sold Homes Below is a chart of the trend in home sales in Seekonk MA over the past 5 years through May 2010: Seekonk Recently Sold Homes If you're looking to buy a home or condo in Seekonk MA ...
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By Lew Corcoran, ASP®, Home Stager & Real Estate Photographer
(Scena Home Staging & Decora Photography)
Mortgage Rate Forecast for June 7, 2010 Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.69 this morning - the same as Friday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 102.66 - down 1/32 from its opening Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will be about the in price this morning as compared to Friday. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 5-8-2010 to 6-7-2010: Economic Reports, News, and Events Affecting Mortgage Interest Rates Today: There are ...
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
Here are a couple of pictures from the site of a new home construction. I was able to assist some clients of mine with a very good construction loan that is allowing them to build their dream home.  
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
Local Applebee's marketing (and advertisement) gone right.  Two weeks ago my family and I had to run some errands in Seekonk. When we were finished and heading home for dinner, my wife had noticed the words "Thursday is Family Night at Applebee's" painted on the restaurants windows.  It was Thursday night, time for dinner, with had the kids with us and my wife enjoys going out to eat.  Even though we had had everything at home defrosted and ready to go for dinner that night, she convinced me to turn around. That night the kids were treated to balloons, the kind that get twisted into animals and other objects, and they also got to mess around with a person who was dressed up a Captain Jack Sparrow from Pirates of the Caribbean, My son got a balloon twisted into a sword and my daughter go...
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
Market Update.: 30 year fixed rates below 5%. Multiple news agencies are reporting today that the average rate on a 30 year fixed mortgage has dropped below 5%. The average rate based off of last weeks locks/closings is 4.93%. On the application side of things, applications actually dipped by 2.1% last week. I think this may have been caused by news of increasing rates, widely reported on February 4th, and this news may have cooled some interest in homeowners replacing an existing mortgage. With rates seeing some temporary downward pressure, application numbers this week and next week may show an increase. Once it set's in with everyone that the Fed will stop pumping money into the mortgage market as the 1.3 trillion they've dumped in already runs out in 6 weeks, there might quite possi...
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By Jason Potrzeba, Mortgage Banking Officer
(Webster Bank)
Pending Stop & Shop Union Strike. Through some work that I do on the weekends with a local snack vendor, I've gotten to know many employees of grocery stores and markets in the southern New England area. The contract with the union employees is about to expire. I believe it ends this Saturday, February 20th and from what I am seeing the potential for a full blown strike seems very realistic. I don't work for these stores and don't know the whole story. Given the current state of our economy, I still get a little surprised when I read about or hear about major strikes going on during this recession. I am someone who is happy to have a job and get a paycheck in today's climate. Again, I don't know all the specific details and many of these workers seem smart enough to know what they are v...
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