Rental- Spacious and Well Kept 2 Bedroom, 2 Bathroom Condo in Manchester, MA

807 Summer St 3 Manchester, MA 01944

New listing video just posted:

http://video.circlepix.com/G2UW6C/619/2263

Description: This is a spacious and 2 BR unit on the Magnolia/Manchester line you will not want to pass on! The unit is very well kept, freshly painted, featuring stainless steel appliances and nice hardwood floors. Laundry in unit. The condo gets great light exposure, boasts 2 full baths with standing showers and 1 half bath. Exclusive patio for your enjoyment this summer! Take advantage of a large shared backyard, grill and bocce areas. Parking for 2 cars (first come, first serve). This is a fantastic location that is only a few steps from restaurants, supermarket, Commuter rail and the beach! Get to Boston in less than 40mn on the T and wake up to the smell of the ocean from the condo. Landlord lives next door and is looking for responsible tenant(s); NO smoking, pets negotiable. This is a commuter's dream come true! If you've been looking to start North Shore living, look no further! Schedule a showing today before it's gone!

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Home Information:

Beds: 2

Baths: 2.00

Sqft: 1100

Price: $2000

MLS #: 71694240

2 Bedroom Condo in the Middle of Downtown Salem.

289 Essex St 101 Salem, MA 01970

New listing video just posted:

http://video.circlepix.com/RVHEDN/619/2263

Description: Right in downtown Salem! Enjoy all the Salem has to offer right outside your door. The commuter train, restaurants and shops plus easy access to major routes! Professionally managed and pet friendly! Beautiful one level living unit with granite counters and high end cabinetry, two bedrooms and two baths, laundry in unit with deeded garage parking in the building, a major plus for downtown Salem. Professionally managed and pet friendly!

See full description and photos on this property

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Home Information:

Beds: 2

Baths: 2.00

Sqft: 1244

Price: $317500

MLS #: 71705661

One Bedroom Condo for Sale in Downtown Salem, MA

9 Barton Square 101 Salem, MA 01970

New listing video just posted:

http://video.circlepix.com/LL2R3Q/619/2263

Description: Downtown Salem condominium in a quiet location. The good size open concept living room has a gas fireplace and new sliding doors to a nice patio that is perfect for enjoying that glass of wine after work. The kitchen was recently upgraded with new cabinets and stainless appliances. Newer replacement windows. The entire unit was just painted and the carpets were professionally cleaned, so all you need to do is move in. In-unit washer/dryer (included).One car deeded PARKING! Everything you need is just a few minutes walk away including the commuter train, many restaurants & pubs, the waterfront and more. Included in the low condo fee is heat & hot water and access to the exercise (new equipment!), sauna & event rooms. Excellent professionally managed association.

See Full description and photos on this property 

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Home Information:

Beds: 1

Baths: 1.00

Sqft: 772

Price: $199900

MLS #: 71695036

Spacious 2 Bedroom Condo For Sale in Downtown Salem, MA

102 Bridge St 1 Salem, MA 01970

New listing video just posted:

http://video.circlepix.com/MDBVT9/619/2263

Description: BRIGHT ROOMY CITY CONDOMINIUM WITH 10 FT.HIGH CEILINGS AND ANTIQUE ORIGINAL PINE FLOORS THROUGHOUT. BRILLIANT LOCATION, WALK TO EVERYTHING..TRAIN, SALEM COMMON, DOWNTOWN RESTAURANTS RIGHT OUTSIDE YOUR DOOR. AMAZING YARD / GARDEN WITH 2 CAR DEEDED OFF-STREET PARKING AND GARAGE STORAGE. BIG CLOSETS AND TONS OF STORAGE IN BASEMENT! TWO LARGE BEDROOMS, CHEF KITCHEN WITH LARGE GRANITE ISLAND W/ SINK. EVERYTHING ON ONE FLOOR. NEWER WINDOWS AND INTERIOR FINISHES. NEWER CENTRAL AIR. HISTORICAL CHARACTER ABOUNDS! THIS CONDO HAS IT ALL FOR ROOMATES OR A COUPLE THAT WANT TO MAKE THE SALEM OUTDOOR LIFESTYLE CHOICE. NO SHOWINGS UNTIL FIRST OPEN HOUSE THIS SUNDAY JUNE 22ND - 12:00 - 3:00 PM. MUST BE SEEN, WILL NOT LAST LONG. MANY EXTRAS, MOVE IN READY

See Full description and photos on this property 

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Home Information:

Beds: 2

Baths: 1.00

Sqft: 1137

Price: $249900

MLS #: 71699770

Condo for Sale in Salem, MA Near Downtown

102 Bridge St 1 Salem, MA 01970

New listing just posted: http://tour.circlepix.com/home/MDBVT9

Description: BRIGHT ROOMY CITY CONDOMINIUM WITH 10 FT.HIGH CEILINGS AND ANTIQUE ORIGINAL PINE FLOORS THROUGHOUT. BRILLIANT LOCATION, WALK TO EVERYTHING..TRAIN, SALEM COMMON, DOWNTOWN RESTAURANTS RIGHT OUTSIDE YOUR DOOR. AMAZING YARD / GARDEN WITH 2 CAR DEEDED OFF-STREET PARKING AND GARAGE STORAGE. BIG CLOSETS AND TONS OF STORAGE IN BASEMENT! TWO LARGE BEDROOMS, CHEF KITCHEN WITH LARGE GRANITE ISLAND W/ SINK. EVERYTHING ON ONE FLOOR. NEWER WINDOWS AND INTERIOR FINISHES. HISTORICAL CHARACTER ABOUNDS! THIS CONDO HAS IT ALL FOR ROOMATES OR A COUPLE THAT WANT TO MAKE THE SALEM OUTDOOR LIFESTYLE CHOICE. NO SHOWINGS UNTIL FIRST OPEN HOUSE THIS SUNDAY JUNE 22ND - 12:00 - 3:00 PM. MUST BE SEEN, WILL NOT LAST LONG. MANY EXTRAS, MOVE IN

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Home Information:

Beds: 2

Baths: 1.00

Sqft: 1137

Price: $249900

MLS #: 71699770

Downtown Salem Condo for Sale with Parking

9 Barton Square 101 Salem, MA 01970

New listing video just posted:

http://video.circlepix.com/LL2R3Q/619/2263

Description: Convenient 1st floor condo in the heart of downtown Salem in a quiet location. The fireplaced open concept living room has sliders to the patio. The kitchen was recently upgraded with new cabinets and stainless appliances. The entire unit was just painted and the carpets were professionally cleaned, so all you need to do is move in. In-unit laundry.PARKING! Everything you need is just a few minutes walk away including the commuter train, restaurants, pubs, waterfront, etc. Included in the low condo fee is heating & hot water and access to the exercise (new equipment!), sauna & event rooms. Excellent professionally managed association.

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Home Information:

Beds: 1

Baths: 1.00

Sqft: 772

Price: $199900

MLS #: 71695036

Salem Awarded Best Shopping in Massachusetts

This is just one of the many reasons why Salem is the best towns and communities in Massachusetts to buy a home and live. Downtown Salem condominiums go under agreement very quickly after coming on the market, and any property within walking distance of the downtown is in high demand. Combined with easy access to the commuter rail, a bustling waterfront district and a thriving arts community, it's easy to see why it's the destination for everyone people of all ages. 

The city of Salem can now officially be called the best place to shop in 2012. The 15th Annual Retailers Association of Massachusetts 2012 Award of Excellence (RAMAE) for “Best Shopping District” was presented today to Mayor Kimberley Driscoll and to Rinus Oosthoek, the Executive Director of the Salem Chamber of Commerce.

This was the first year an excellence award for the “Best Shopping District” award category was presented. The Retailers Association gave Salem the award for: “The hip, new magic of Salem: its eclectic eateries and charming boutiques, and the fact that over 60 new downtown businesses have opened in the last three years alone. Salem’s bustling farmers market often attracts thousands of customers weekly, and Salem’s restaurant scene is booming. One of the top 20 art museums (soon one of the top10!) in the U.S., the Peabody Essex Museum, is located in downtown Salem, as is the Salem Witch Museum.  Salem Film Festival (all documentary), Spring and Fall Restaurant Week, Salem Jazz & Soul Festival, Salem Gay Pride Parade, Salem First Friday, Salem Maritime Festival, Haunted Happenings (Salem’s fifth season), Mass Poetry Festival, Salem Art Festival , and  Salem’s So Sweet Ice Sculpture Festival are just some of the reasons to visit Salem!”

Also present at the Award Ceremony were Sandy Heaphy, Salem Chamber president and owner of the Kensington Stobart Gallery, and RAM members George Carey (Finz Seafood Restaurant), David McKillop (Rockafellas), Dan Shuman (Salem Cycle), and Mark Leavitt (Salem Car Wash).

The RAM Awards of Excellence were created in 1998 by retail expert Rick Segel, a RAM board member, retail trainer, and distinguished author.  The RAMAES were developed as a way to acknowledge retail excellence in the Commonwealth. Throughout RAMAES history, large and small, new and veteran retailers, and local gems and national players from all corners of the state have been honored and given the recognition they deserve for their involvement in the community and retail industry.

The Retailer’s Association of Massachusetts (RAM) is a statewide trade association with over 3,000 member companies. To learn more about the RAM, the RAMAES, past winners, and/or how to get involved call (617) 523-1900 or go to www.retailersma.org. 

The mission of the Salem Chamber of Commerce is to make Salem a better place to live, work, and do business. The Salem Chamber serves as the voice for member businesses, representing, advocating and working to enhance the business and civic environment.  With over 600 members, it is the largest business organization in Salem. For more information about the Salem Chamber, please call 978-744-0004, or visit www.salem-chamber.org.

FHA Softens Condominium Lending Guidelines, But Barriers Remain

Condo Sales May Get Slight Boost, But Financing Rules Remain Tight

Responding to lender, condominium association and consumer outcry that the existing FHA condominium lending guidelines are too strict, the Federal Home Administration (FHA) on September 13, 2012 announced a round of changes which will hopefully make it easier for borrowers to qualify for FHA condo loans. The full FHA announcement can be found here.

While some of the changes are a step in the right direction, I think overall they are a mixed bag, as FHA left some of the most onerous provisions intact. I’m skeptical that these new changes will have a major impact on condominium sales, but of course, any loosening of the strict requirements is a good thing.

Condo Fee Delinquency Rule Increased to 60 Days Overdue
FHA is softening its stance on delinquent monthly condo fees and home owner association (HOA) dues. FHA is now allowing up to 15% of a project’s units to be 60-days delinquent on condo fees, up from just 30 days delinquent under the prior rule. This change acknowledges the depressed economy which has caused many condo unit owners to have trouble paying their condo fees. This is definitely a good change.

Expanded Investor Purchasing Allowed
Under the new rules, investors can come in and buy more units in a project than they could previously. They can now buy up to 50% of the project units, up from just 10% before, but with an important caveat:  the developer must convey at least 50% of the units to individual owners or be under contract as owner-occupied.
See the rest of the article here: FHA Softens Condominium Lending Guidelines, But Barriers Remain