215b Highland Avenue

215b Highland Avenue has been categorized by the local assessors in Somerville, MA as a commercial type of property. The building on the property was first built in 1890 and is 134 years old. The building has a total of 2 stories. In addition, 215b Highland Avenue has 7,261 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 4,020 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as excellent. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. The building has a flat style roof made of tar and gravel. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a steam heating system and being fueled with gas. The property was last sold in Jan 1, 1970 for $975,000. That's $134.24 per sqft. 215b Highland Avenue was last assessed in 2024. The total value of the property was assessed at $1,363,300. Specifically, the land the property is located on was valued at $591,100. While improvements on the property were assessed at a total of $772,200. 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 $0. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.