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Property Q&A in Sherborn : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 4
Sun Sep 13, 2009
Vickie " Vick" Carver answered:
This is probably a new construction and they take awhile to have a map address, but click this link, I found it. :-)
http://www.mapquest.com/maps?city=Sherborn&state=MA&address=1+Knollcrest+Farm+Ln%2C&zipcode=01770
Have a good day!
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0 votes 2 answers Share Flag
Tue Jul 28, 2009
The Gormans: Karen & Becky answered:
Hi John...this is a much more complicated property than it first appears but it offers a great opportunity for someone with the ability to build/convert the structure to a home. The views are spectacular. Below is a summary of where things stand. Let me know if you would like to see it and discuss the situation. Call me at 339.222.8103.....Karen

Board of Health Approval - This property has now been given the go ahead by
the Sherborn Board of Health for conversion from a barn to a two bedroom
residence, at the buyers' expense.


Building Permit - plans have been submitted to the building inspector which
depict two bedrooms and a bath on a new second floor. Final approval is
expected for the permit in the next few days.


Septic System/Well - The owner has invested a considerable amount of money
in a new septic system and domestic well which has prompted an increase in
the listing price from $199,888 to $249,888. Installation will be completed
in the next couple of weeks although this infrastructure will not be
connected to the building since this will be dependent upon the final design
for any possible renovation.

Renovation - Since the lot is grandfathered as a non-conforming lot in size
[0.4 acres] and the structure does not meet required setbacks from the
property lines, it is somewhat restricted in terms of what can be done with
the property. Informal discussions with the towns indicate that any
renovations must be limited to the existing footprint of the barn.
Interested parties have the option to go before the Zoning Board of Appeals
to see if the town will have any flexibility in this regard.


National Historic Registry - preliminary research has indicated that it does
not have this designation but this is not definitive.


Due Diligence - there are many questions that are generated in a
non-traditional sale like this one. It is imperative that any prospective
buyer performs their own due diligence so that they are comfortable moving
ahead with a purchase.


Financing - Given the financial environment which we are all experiencing,
this type of transaction will probably not qualify for a standard loan.

Hope you found this useful....feel free to give me a call....Karen
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1 vote 2 answers Share Flag
Thu May 21, 2009
Aimee Siers answered:
Good Afternoon Jiling -

My first question is, do you have a Buyer's Agent representing you. The Seller and Listing Agent come to an agreement on the total commission and then agree on what will be paid out of that to the Buyer's Agent. Therefore, there is really no cost to you to use a Buyer's Agent.

A Buyer's Agent can run the comparable properties, active, under agreement and sold in the price range and help you write an offer, with all terms and conditions not just price, that has a good probability to get negotiated and/or accepted.

A Buyer's Agent can also recommend home inspectors, lenders and real estate attorneys and represents you and your interests in the purchase of a home.

There is not a lot of activity at this price point in Sherborn. The house at 73 Western Ave is the only house currently available priced between $350K - $500K. There are only 2 homes under agreement and only 4 homes sold in the past 6 months in that same price point.

I would be happy to discuss this and the process further with you and potentially represent you in your purchase. As a side note, my company has been the #1 selling agency in Sherborn for the past year!!!!

Feel free to contact me any time.

Aimee Siers
Century 21 Commonwealth
508-981-7790
aimee.siers@commonmoves.com
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0 votes 1 answer Share Flag
Sun Apr 26, 2009
Territory.com answered:
It is under agreement but here is every home actively on the market in Sherborn:
http://www.territoryre.com/idx/search.html?search=true&search_string=sherborn


Here are a couple similar to 2 Russet:
http://www.territoryre.com/idx/listings/70906796/details.html?popup=true

http://www.territoryre.com/idx/listings/70889296/details.html?popup=true

http://www.territoryre.com/idx/listings/70717832/details.html?popup=true


Hope that helps!
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0 votes 2 answers Share Flag
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