108 Gilman Street

108 Gilman Street has been categorized by the local assessors in Somerville, MA as a residential type of property. The building on the property was first built in 1900 and is 124 years old. The home has a total of 18 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 108 Gilman Street has 4,104 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,793 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable style roof made of asphalt. The exterior walls of the building are made of shingles that aren't wood. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 108 Gilman Street was last sold in Aug 24, 2020 for $1,280,000. According to our calculations, that's $311.89 per sqft. Prior to that sales transaction, the property was sold for $1,377,500 in Mar 31, 2020. Current property owners are expected to pay $18,934 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 108 Gilman Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,831,100. To break that down further, the land itself was valued at $484,400. While improvements to the property were assessed at a total of $1,346,700. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!