Susan Stivaletta - RE/MAX Executive Realty, Franklin, MA Real Estate, Norfolk, MA Real Estate


This Single-Family in Bellingham, MA recently sold for $629,000. This Colonial style home was sold by Susan Stivaletta - RE/MAX Executive Realty.


57 Whitehall Way, Bellingham, MA 02019

Single-Family

$639,900
Price
$629,000
Sale Price

11
Rooms
4
Beds
2/1
Full/Half Baths
Beautiful Colonial in most sought after neighborhoods, Bellingham Estates! Features include a soaring two story foyer, First floor open floor plan w/9 foot ceilings. Gourmet cabinet packed eat in kitchen w/center island, granite counter tops and high end stainless appliances. Opens to bright windows galore expansive cathedral family room w/hardwood floors and fireplace. Open living room and dining room w/pillars, chair rail and crown molding. First floor also has private office w/french doors. Sun drenched sun room with atrium door, skylight and hardwood flooring. Separate tiled laundry room w/sink and storage. Second staircase brings you to the master suite w/hardwood flooring, sitting area, large walk in closet, ensuite bath w/ jacuzzi tub and generous sized shower. Three other generous sized bedroomsw/ceiling fans. Large deck w/retractable awning over looks a private professionally landscaped yard w/paved patio with fire pit. Finished room in walk out basement. Absolutely Stunning!

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With age can come wisdom, insight and a growing ability to trust your instincts. After you reach your middle age years, you might have learned to stop second guessing your own inner wisdom. You also might have learned how to spot a real benefit from a fake advantage. But, it’s the way you learn to manage money as you age that could make waiting to buy a house a good choice.

Knowing when it’s the right time to buy a house

Even if you put a sizable down payment on a new house, it may take you two to three decades to pay off a mortgage. That’s a lot of time whether you’re just starting out and buying your first house in your early 20s or if you’re a seasoned worker who’s buying her first house in her mid-50s. Factor in rising interests rates,property taxes and inflation, and the costs of a mortgage could feel like too much the older you become.

You might feel like you simply won’t have enough time to afford a house. You might feel like you’ll always be paying the bank a monthly mortgage installment, reducing the chance that you can will your children your house without leaving them in debt.

These are just some of the concerns that buying a house later in life can raise. On the other hand, if you’ve practiced smart money management skills for years,waiting until you’re older to buy a house could help you to secure the best mortgage deal. You may also know exactly what to look for in a good home insurance policy. Choosing the best neighborhood could almost seem natural for you because you’ve had years of experience living in different types of communities.

Pros of waiting to buy a house

Ultimately, the choice on when to buy a house comes down to several factors, each which can impact your life for many years. Included among these factors are:

  • Existing debt – If you’re managed your finances well, by the time you reach your mid-40s or mid-50s, you might have paid off any student loans that you incurred. Other debts that you may have paid off include your auto, furniture and clothing expenses. This could give you more room to take on a mortgage without feeling financially cramped.
  • Happiness – Over time, you could also learn that material items won’t provide you lasting happiness. You could use this knowledge to avoid binge spending and buying products to try to boost your mood or strengthen your ego.
  • Children – If you have children, they may be grown or almost ready to leave the nest. Buying a house in your middle years could eliminate the need to take on a huge mortgage. Instead, you could purchase a house that’s large enough for you and your spouse with a spare bedroom for when your adult children visit.
  • DIY Skills – You may have developed solid DIY skills that can lower the times that you need to pay a contractor to repair a leak, the roof or an appliance at your new house.

Cons of waiting to buy a house

Yet, there are downsides to waiting to buy a house. As previously noted, if you wait until you reach your middle age years to buy a house, you may be responsible for a mortgage well into your senior years. Other downsides to waiting to buy a house include:

  • Health issues – Even if you exercise, drink plenty of water and eat a healthy diet, your body could start to show signs of wear and tear. Taking on a mortgage late in life could add stress to your life that you’d be better off without.
  • Grandchildren – Just because you don’t need a large home for your own growing children, doesn’t mean that a small house will work, especially if your adult children start having kids of their own.
  • Retirement – Unless you own your own business and plan to work until you leave this earth or for as long as your health allows, there’s a strong likelihood that you’ll retire. This employment shift can cut your income significantly.
  • Curb appeal – It’s easy to mow the lawn and climb up to the roof and clean the gutters when you’re in your 40s, 50s and 60s. However, that could become a chore by the time you reach your 70s or 80s. Of course, you could pay someone to take care of these household tasks. But, that’s also an added expense.

Consider the above factors when you think about buying a house. Also, consider other factors that will potentially impact your finances, health and overall well being over the short and long term. This includes your spending habits, existing financial responsibilities, job security and your ability to generate your own income.


Very sought after home in Winterberry Farms. Come see this Fabulous home with private back yard, screened in sun porch.Cabinet packed Maple kitchen with eat in area and granite counters, with slider to back patio. Family room with fireplace, cathedral ceiling, recessed lighting and hardwood flooring. Hardwood flooring in living room and dining room as well. Large master bedroom with walk in closet, private bath and hardwood flooring. Three other good size bedrooms and full bath complete the upper level. Close to shopping, highway, T-station to Boston, and in the Keller Sullivan school district.

More Info on this Property | New Listing Alerts

If you’re thinking about buying a home, you’ve probably heard a lot about closing costs. Closing costs can come at a hefty price- up to 5% of your home’s purchase price. When that amount must be paid up front, you need to make sure you have a sizable amount of cash on hand.  


There’s many different kinds of fees included in the closing costs. Your lender will give you an estimate of what your closing costs will be, but you may not know what any of the terms that are included actually mean.  


The Loan Origination Fee


This is the fee charged by your lender that covers the administrative costs that are associated with creating and processing a mortgage. This could also be called an underwriting fee.   


Title Search Fee


This is how much the title insurance company charges to perform research on the title of the home. In some cases, the title may have some issues associated with it, so this research is to protect you. There’s also title fees known as lender’s title insurance and owner’s title insurance. You need to have lender’s title insurance, but owner’s title insurance is completely optional.


Credit Report Fee


This covers the obtaining and review of your credit report. 


Application Fee


There’s also a fee when it comes to reviewing your mortgage loan application. 


Home Appraisal


This fee covers the appraiser who is chosen by your mortgage company in order to assess an accurate value of the home.  


Tax Monitoring Fee


This fee supports tax research on the home to determine if property taxes have been paid. 


Survey


The property survey covers all aspects of the property bounds including gas lines, roads, walls, easements, property improvements, and encroachments. 


Attorney Fees


The attorney fees will cover all of the document reviews, the agreements, and the escrow fees.


Insurance Payments


When you close on a home, your entire first year of home insurance payments must be made at the time of closing. If you have bought your home with an FHA loan, you’ll need to pay mortgage insurance premiums at closing as well. You’ll also need mortgage insurance payments if you put less than a 20% down payment on the home.  


Escrow Property Taxes


The lender requires that you pay your property taxes up front. This money will be held in escrow and the taxes paid from there.  


As you can see, there’s a lot that goes on during the closing of a home. Make sure you have some water handy, it’s going to be a long process! Understanding what will happen at closing when you buy a home can help you to avoid any surprise fees or financial burdens.



54 Winterberry Dr, Franklin, MA 02038

Single-Family

$624,900
Price

9
Rooms
4
Beds
3
Baths
Very sought after home in Winterberry Farms. Come see this Fabulous home with private back yard, screened in sun porch.Cabinet packed Maple kitchen with eat in area and granite counters, with slider to back patio. Family room with fireplace, cathedral ceiling, recessed lighting and hardwood flooring. Hardwood flooring in living room and dining room as well. Large master bedroom with walk in closet, private bath and hardwood flooring. Three other good size bedrooms and full bath complete the upper level. Close to shopping, highway, T-station to Boston, and in the Keller Sullivan school district. Showings start open house Sunday 7/9 from 1:00-2:30. See you there!
Open House
Sunday
July 09 at 1:00 PM to 2:30 PM
Cannot make the Open Houses?
Location: 54 Winterberry Dr, Franklin, MA 02038    Get Directions

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