Home Buying in Wakefield>Question Details

Sue, Home Buyer in Wakefield, MA

I'm thinking of the townhouse at 410 Salem Street #101 for 429900. Any comments on why it is priced so high?

Asked by Sue, Wakefield, MA Sat May 16, 2009

http://www.trulia.com/property/1079613885-410-Salem-St-101-W… Any comments on why it is priced so high? It was bought for $325,000 in Mar 2009.

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Public Records shows it as a sale, however; it was actually forclosed on in March. I'm not sure why it is not disclosed as being bank owned. Public Records shows the owner as being Wainwright Bank and Trust. Let me know if I can be of any further help to you.
1 vote Thank Flag Link Sat May 16, 2009
Price low because of a foreclosure so be prepared to have to pay full price or very close to the asking price for the bank to consider selling. Also prepare to be patient time-wise. Could take months to close on foreclosure.

Good luck!
1 vote Thank Flag Link Sat May 16, 2009
Thanks very much for all your answers! It was very helpful in my decision making or ruling it out from my consideration...
0 votes Thank Flag Link Sat May 16, 2009
These are the mls listings for 410 Salem St. in Wakefield. I can only find one listing for #101and that is the current active listing. Where are you getting your info that it was sold two months ago?-Paul
70826592 SLD 410 Salem Street U:1503 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx6 3 $279,900 $268,500
70793611 SLD 410 Salem Street U:1405 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx10 1 $279,900 $273,500
70713000 SLD 410 Salem St. U:1507 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx14 26 $285,000 $280,000
70616755 SLD 410 Salem Street U:806 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx14 541 $299,900 $295,000
70805236 UAG 410 Salem Street U:1102 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx13 224 $309,900

70789517 SLD 410 Salem Street U:1006 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx5 82 $319,900 $315,000
70694701 SLD 410 Salem Street U:810 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx14 347 $319,900 $300,000
70876044 ACT 410 Salem Street U:1104 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx8 91 $329,900
70782894 SLD 410 Salem Street U:202-2 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx12 14 $339,000 $300,000
70874771 SLD 410 Salem Street U:1109 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx3 41 $339,900 $310,000
70895728 SLD 410 Salem Street U:1105 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx9 7 $339,900 $310,000
70899181 UAG 410 Salem Street U:1303 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx9 4 $339,900
70901226 ACT 410 Salem Street U:1305 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx12 28 $339,900
70820566 SLD 410 Salem Street U:1108 Wakefield, MA 5 room, 2 bed, 2 bath Garden 1 $349,900 $345,500
70721189 SLD 410 Salem Street U:1002 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx6 127 $349,900 $342,500
70404542 SLD 410 Salem St. U:703 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx6 445 $349,900 $349,900
70347022 SLD 410 Salem St. U:1501 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex6 277 $359,900 $359,900
70668115 SLD 410 Salem Street U:803 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx6 186 $359,900 $352,500
70721192 SLD 410 Salem Street U:1003 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx6 122 $359,900 $349,900
70787413 SLD 410 Salem Street U:1007 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx3 7 $359,900 $352,000
70805809 SLD 410 Salem Street U:1103 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx14 161 $359,900 $305,000
70865687 SLD 410 Salem Street U:1309 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx4 1 $359,900 $310,000
70472370 SLD 410 Salem St. U:1408 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex6 51 $369,900 $369,900
70411742 SLD 410 Salem St. U:1401 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex6 176 $379,900 $379,900
70721188 SLD 410 Salem Street U:1001 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex12 312 $379,900 $371,528
70643474 SLD 410 Salem Street U:807 Wakefield, MA 5 room, 2 bed, 2 bath Garden 46 $379,900 $375,000
70570481 SLD 410 Salem St. U:811 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx5 128 $379,900 $379,000
70741122 SLD 410 Salem Street U:1008 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex19 280 $379,900 $360,000
70872127 ACT 410 Salem Street U:1101 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex12 99 $399,900
70552200 SLD 410 Salem St. U:802 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx6 105 $399,900 $370,000
70355774 SLD 410 Salem St. U:702 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx2 29 $399,900 $399,900
70398547 SLD 410 Salem St. U:706 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx6 133 $399,900 $399,900
70472396 SLD 410 Salem St. U:707 Wakefield, MA 5 room, 2 bed, 2 bath Gardenx10 264 $399,900 $399,900
70599756 SLD 410 Salem Street U:701 Wakefield, MA 6 room, 2 bed, 2.5 bath Townhousex6 452 $409,900 $400,000
70542368 SLD 410 Salem Street U:708 Wakefield, MA 6 room, 2 bed, 2.5 bath Townhousex9 381 $419,900 $405,000
70694616 SLD 410 Salem Street U:812 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex21 91 $424,900 $419,000
70806846 ACT 410 Salem Street U:1110 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhousex18 272 $424,900
70892328 SLD 410 Salem Street U:1310 Wakefield, MA 5 room, 2 bed, 2.5 bath Townhouse 0 $429,900 $410,000
70917563 NEW 410 Salem U:101 Wakefield, MA 5 room, 2 bed, 2 bath Townhousex16 3 $429,900
70695274 ACT 410 Salem St. U:1207 Wakefield, MA 5 room, 2 bed, 2 bath Townhousex18 493 $449,900
70616769 SLD 410 Salem Street U:801 Wakefield, MA 5 room, 2 bed, 2.5 b
Web Reference: http://www.lynnforsale.com
0 votes Thank Flag Link Sat May 16, 2009
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