Patriot Deal of the Week

Six-Month Sublet in Premier Quincy Community: Two-Bed Luxury Unit with Free Garage Spot and No Short-Term Up-Charges

One of the biggest challenges to securing a short-term luxury rental is avoiding the expensive premiums. If you’re not signing at least a 12-month lease, you’ll often have to pay a couple-hundred dollars more a month.

But that’s not the case with a sublet. If the current tenants can’t stay, they’ll look for someone to take over their lease for the remainder of the term. That means the new tenant would just have to cover the same monthly rent. No up-charges, no penalties.

It’s a rare opportunity to pay market rent for a short-term stay. And it’s an opportunity Patriot is offering exclusively to you, our loyal fanbase.

The Apartment

It’s a 7th-floor, two-bed unit with expansive views of Blue Hills from almost every window. Both bedrooms have great closet space and are separated by a spacious living room with a bay window. One bedroom, with a walk-in closet and en-suite bath, is considered the master.

The kitchen is fully applianced and has a breakfast bar that transitions nicely into the living room. There’s in-unit laundry, central air, and nearly 1,100 square feet of space.

One more thing: you know how that ridiculous Halloween nor’easter reminded us all about how annoying it is to scrape snow off your car? You won’t have to do that here: this apartment comes with a free, covered garage spot right next to your building.

The Price

$1,793/month

The Up-Front Costs

Just first month’s rent and a $750 security deposit.

The Community

Located a mile from Quincy Center, one of the many amenities this property offers is a free shuttle to the T during commuter hours.

Other amenities include a sizable fitness center, a club room with a full kitchen, a billiards room with bar stools and a flatscreen TV, a reservable conference room, and a business center. Plus, during the warmer months, there’s a tennis court and a heated outdoor pool with a WiFi-ready patio.

There’s free parking throughout, so guests can visit easily. And if you have a furry friend, there’s an on-site dog park and plenty of grounds for walking.

An exit for 93 is just a mile away and a Star Market is a two-minute drive down the street. Plus, an MBTA bus stop is right outside the property. So if you miss the shuttle, you can easily get to Quincy Center without a car.

The Next Step

This is a Patriot exclusive, so you must call us (617 436-6000) to schedule a showing.

If you want more info on this or any of our other properties, you can fill out our questionnaire here.

And, as always, you can find more great deals on our main site, patriotregroup.com.

The Benefits of a Short Sale

Property values are just about as low as they can be right now. Because of this, more and more homeowners owe more on their mortgage than what their home is actually worth.

This has made it almost impossible for those who have undergone a hardship – like a job loss, divorce, or medical emergency – to keep up with their mortgage payments.

Even those whose job status and income are in good standing wouldn’t be able to sell their home normally and satisfy their debt.

That’s why short sales have become so common. It’s the best possible option for homeowners who can’t modify their loan and need to get out from under a costly mortgage. Here are a few reasons why a short sale often makes the most sense:

Avoid foreclosure

The last thing any homeowner wants is a foreclosure. It’s a long, painful, and public process that can do significant and lasting damage to a borrower’s credit. A short sale, if a loan modification isn’t possible, is the next best way to avoid a foreclosure before it even begins.

Sell your home on your own terms

In a short sale, you’re in control. You can list your home and try to find a buyer. Then, if the lender approves the purchase price, you continue with the sale process like you normally would. You’ll get to meet the buyer, you’ll know exactly what your home sold for, and you’ll be able to determine the timing of your next move. In a foreclosure, you’re at the mercy of the lender. They’ll decide when you have to move out, they’ll have the power to evict you, and they’ll put your home up for public auction.

Pay nothing, receive incentives

The seller owes nothing when doing a short sale. The lender will cover all the costs, including agent commissions and sometimes even attorney fees, if they become necessary. Plus, they’ll almost always provide the seller with relocation assistance. This will usually be in the amount of about $3,000, but can even be up to $10,000 depending on the circumstance.

Salvage your credit

Your credit will still take a hit, mostly because of missed mortgage payments leading up to the sale (most lenders won’t approve a short sale if the borrower is up-to-date on the loan). But once the sale goes through, you can begin to rebuild your credit immediately. This will allow you to…

Buy again in two years

If you maintain good credit following a short sale and can build your score back up to the mid-600s or so, several loan programs will allow you to apply for another mortgage within two or three years. If you go to foreclosure, your score will be much harder to repair and it will take several more years before most creditors will be willing to lend to you again.

The Next Step

Homeowners who owe more than what their property is worth and can’t modify their loan must consider a short sale. Foreclosure is simply not an option and a short sale presents the best alternative.

For a free and completely confidential consultation, call Patriot (617 513-3016) today to discuss your options.

Patriot will be hosting a seminar on short sales at 6:30 p.m. on Tuesday, Novemeber 8th! If you’d like to learn more about the process or try to figure out if a short sale is right for you, we encourage you to come by! Click here to let us know if you can make it.

Patriot Deal of the Week

Freshly Renovated Southie Two-Bed: Roof Deck, Brand-New Kitchen, $2,250/month

This one just price-dropped its way into Deal status.

It’s been completely renovated – high-end kitchen, re-done floors, new fixtures – and has easy access to a common roof deck with amazing city views. But when it hit the market less than two weeks ago at $2,450, it didn’t get any bites.

Now the owner is throwing the renter a bone by dropping the price a cool $200/month. Advantage: renter.

The Apartment

The beautiful new kitchen is this unit’s focal point, as it connects all the other rooms in the apartment. And this isn’t a run-of-the-mill kitchen renovation, either: in addition to the new stainless-steel appliances and granite counters, the owner installed beautiful maple cabinets, lightly colored ceramic flooring, and custom-tiled backsplashes.

It’s a second-floor unit that takes in sun from the east and the north, so both bedrooms get lots of natural light. Better still, both bedrooms feature a huge, walk-in closet, which makes this a perfect roommate setup.

An office niche lies off the living room, which transitions smoothly into the kitchen. The bathroom has an updated vanity and ceramic tiling that matches the kitchen floor.

There’s laundry on-site and – oh yeah! – a roof deck just one flight up. It’s common to the building but is only shared by two other neighbors. The entire Boston skyline is directly visible and unobstructed (even while seated), making it the spot to be when the weather’s cooperating.

The Price

$2,250/month (down from $2,450)

The Up-Front Costs

First, a full-month’s security deposit and a full-month’s broker fee.

The Location

It’s right on K Street, just two blocks away from East Broadway. And, really, you couldn’t pick a more convenient part of East Broadway to be near. It’s where the Stop & Shop is, the Rite Aid, a 7-Eleven, and bus stops for the 7 (Financial District), 9 (Copley), and 10 (South Bay). Not to mention popular bar/restaurants like The Playwright and Boston Beer Garden.

What’s also unique about this spot is that, because it’s on the northern side of East Broadway, you’re only a one-mile walk away from both the Broadway T and the Seaport waterfront. So no matter what, you’ll always have some car-free options if you need to get around.

Walkscore: 86 out of 100 – “Very Walkable”

The Next Step

Call Patriot (617 436-6000) to schedule a showing. Or if you want more info on any other properties we have, fill out the questionnaire on the Contact Us page.

You can always find great deals at patriotregroup.com. And you can always find Patriot’s electronic companionship by liking us on Facebook and following us on Twitter.

Real Estate Sales Course Starts October 22nd

Patriot Real Estate Group will be hosting a five-day, real estate sales course that will start on Saturday, October 22nd.  This class will qualify and prepare you to take the Massachusetts sales test.

Click here for more info and to sign up!

Incredible Price Change at 37 Coffey!

Middle Unit Now Just $299,000, a 30k Price Drop!

Click here for more info

Contact Patriot

Patriot Deal of the Week

SALES EDITION

Three-Bed, Penthouse Condo Near Lower Mills: All-New Renovation, FHA-Approved, Just $164,900

Attention, Deal-Hunters:

How’d you like to own – own – a completely updated, top-floor, three-bed condo for about $1,150/month and only have to put down 3.5%?

And how’d you like that $1,150 to include taxes, insurance, and condo fees?

And what if your new digs were a half-mile from the Milton T stop, an eight-minute walk to Shaw’s, and right down the street from Planet Fitness?

You, my friend, would have nabbed yourself a deal.

The Condo

Full renovation means just that: everything from wall to wall was either replaced, improved, or updated.

The kitchen now has high-end, stainless-steel appliances, dark-granite counters, and recessed lighting. The hardwood floors have been sanded, double poly-ed, and coated with an English Chestnut stain.

The bathroom has new fixtures and a new vanity. Every wall has been re-painted. And a laundry closet with new washer/dryer hook-ups has been installed.

It has three bedrooms, a private back deck, and some surprisingly beautiful views from the sunny and spacious living room: from this height, you can look out across the wooded residential neighborhood and see Blue Hills in the distance.

The Price

$164,900

The Fees

Condo fees are $192/month. Taxes are only $121/month (assessed before the renovation).

A parking spot in a well-protected lot behind the building is deeded to the unit.

The building has great owner-occupancy (67%) and has already been FHA-approved.

The Location

The condo’s on the top floor of a three-story, six-unit building on Cedar Street, an all-residential side road that’s less than a half-mile from downtown Lower Mills.

Lower Mills, a deeply historic but constantly evolving village on top of the Neponset River, is a haven for walkers. It has everything: a Red Line stop (Milton), a full-service supermarket (Shaw’s), bars (Ledge, for instance), eateries (like locally renowned Mrs. Jones), a Dunkin’ Donuts, a CVS, and so much more.

There’s a Planet Fitness and a Bank of America at the bottom of Cedar, just a three-minute walk away.

Walkscore: 75 out of 100 – “Very Walkable”

The Next Step

Call Patriot (617 436-6000) to schedule a private showing. Or stop by Sunday, from 11:30 to 1, for an open house!

Want more info? Click here to submit a question to a Patriot agent.

You can always find more great deals at patriotregroup.com. Or get to know our virtual selves a little better by liking us on Facebook and following us on Twitter.

New Listing: Penthouse Condo, Brand-New Construction in Port Norfolk

Click here for more!

New Listing: 3-Bed Penthouse Condo in Lower Mills

Click here for more!

New listing: Spacious Two-Bed in Neponset

68 Westglow Street, Dorchester MA

Details: 2 beds, 1 bath, 1100 sf, $1,200/month

Status: Available; new to the market

Summary: Very spacious two-bed with a full, eat-in kitchen, in-unit laundry, and backyard access. Great Neponset location, priced well, won’t last long.

Call us today (617 436-6000) to schedule a showing or click here to tell us what you’re looking for!

Availability Update: Rentals

Below are some of Patriot’s newest private listings for rent. Call us today (617 436-6000) to schedule a showing or click here to tell us what you’re looking for!

147 L Street, South Boston

Details: 3 beds, 1 bath, 1000 sf, $2,500/month

Status: Available; applications received

Summary: Awesome Southie three-bed that recently came back on the market after renters fell through. Applications are down but it’s not gone until a lease is signed.

667 East 7th Street, South Boston

Details: 2 beds, 2 baths, 1 fireplace, 1040 sf, $2,800/month

Status: Available

Summary: Condo-quality finishes in ideal, east-side location. Owners also considering selling it, but would welcome renters if the right one came along.

24 Chelmsford Street, Dorchester

Details: 3 beds, 1 bath, 2 floors, 1600 sf, $1,800/month

Status: Available

Summary: Philadelphia-style, two-floor three-bed on residential street near the Ashmont T station.

9 Wichita Terrace, Lower Mills

Details: 3 beds, 1 bath, 900 sf, $1,600/month

Status: Available 10/15

Summary: Top-floor three-bed in Lower Mills, around the corner from a Shaw’s and a five-minute walk to the Milton Red Line station.