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Sold - Brighton 2 Family Deal

$449,000

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Address: 57-59 Shannon Street	City/ST: Brighton, MA	Zip Code: 02135
Location: Shannon Street	Property Type: Multi Family Home	New or Resale: Resale
Square Footage: 2750	Bedrooms: 4	Bathrooms: 2
MLS# 70919953

Solid two-family house in prime Brighton Center location at an unbeatable price! Wide pine flooring and tiled kitchen floors. Walk to shops and restaurants, buses, St. Elizabeth Medical Center and Green Line. Unit 1 has basement storage & laundry. Walk-up attic for unit 2 with laundry and storage. Both units can be delivered vacant. Floor plan available.

Last Updated: 12/3/2009 9:45:05 PM

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About Appraisals >Fair Market Value

What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the property and neither is under any time pressure to buy or sell". Sounds great, but how is this price determined?

The starting point for determining a fair price may be an opinion of the value or "comparative market analysis". Such an analysis uses information on similar properties which are: 1) currently for sale, 2) already sold, or 3) expired properties (those which did not sell). Local, national and international trends and market conditions must also be evaluated.

By comparing similar properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that buyers would be willing to pay for a house.

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Q	What does the term Curb Appeal mean?
A	This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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Michael Travers, REALTOR�, real estate agent and broker for Boston, Cambridge, Brookline, Watertown and Brighton, Massachusetts home listings, property and land for sale

Michael Travers
Vanguard Realty
317 Washington St.
Brighton, MA 02135
617-686-3485
Fax: 617-395-5818
michaeltravers@BestImageAgent.com

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