247 West 5th Street

247 West 5th Street has been categorized by the local assessors in Boston, MA as a exempt type of property. The building on the property was first built in 1890 and is 134 years old. However, we must point out that the home was most recently renovated and altered in 1999. The building has a total of 3 stories. In addition, 247 West 5th Street has 1,525 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 1,525 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 good. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood siding. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 247 West 5th Street sold most recently in Jan 1, 1970 for a total of $155,000. If you work out the math, that's approximately a cost of $101.64 per sqft. Before that, the property was also sold for $126,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 247 West 5th Street was most recently assessed in 2023. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.