14 Otis Street

14 Otis 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 1890 and is 134 years old. The home has a total of 18 rooms. 9 of these rooms are legally considered as bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 3 stories. In addition, 14 Otis Street has 4,800 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 4,111 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

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 average. The building has a flat style roof made of tar and gravel. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. The property was last sold in Dec 29, 2023 for $700,000. That's $145.83 per sqft. Prior to that sales transaction, the property was also sold in Jul 31, 2023 for $820,000. 14 Otis Street was last assessed in 2024. The total value of the property was assessed at $1,939,900. Specifically, the land the property is located on was valued at $416,500. While improvements on the property were assessed at a total of $1,523,400. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $20,408. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.