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5 Gilman Road

5 Gilman Road, North Billerica, MA 01862
Property in Billerica
Sold Jul 22, 2010
$185,000
$174,029 by Wells Fargo Bank
Mortgage Due Jul 22, 2040
5 Gilman Road has been categorized by the local assessors in North Billerica, MA as a residential type of property. The building on the property was first built in 1945 and is 79 years old. The home has a total of 6 rooms. 3 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, 5 Gilman Road has 1,623 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 9,017 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod 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. 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 frame control joints. The building has a gable style roof made of asphalt. 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 oil. 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, 5 Gilman Road sold most recently in Jan 1, 1970 for a total of $185,000. If you work out the math, that's approximately a cost of $113.99 per sqft. 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 $6,138 in taxes each year. 5 Gilman Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $543,700. If we break it down further, the land itself was valued at $262,100. Improvements to the property, however, were assessed at a total of $281,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 393
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,017
  • Total Building Area: 1,623
  • Gross Building Area: 3,153
  • Building Area: 1,623
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,623
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: QUEENSLAND PLAN 03
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CORTEZ JOHNY A
  • Current Owner 2: CORTEZ PILAR R
  • Previous Owner : BRAZAS KENNETH C
  • Previous Owner 2: BRAZAS CLAIRE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316400

Zoning

  • Zoning: 1

Geography

  • District: 31
  • Parcel: BILL M:0076 B:0176 L:0
  • Block: 176
  • Municipality: BILLERICA
  • Latitude: 42.5395
  • Longitude: -71.3047

    Address

  • Full Address: 5 Gilman Rd
  • Address - House Number: 5
  • Address - Street Name: Gilman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: North Billerica
  • Carrier Code: R011
  • 4-Digit Zip Code: 3060
  • Zip Code: 01862

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $6,138

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 584,594
  • High Value: 688,186
  • Low Value: 481,001

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $194,799
  • First Open Lien Mortgage Lender: WELLS FARGO BANK
  • First Open Lien Mortgage Recording Date: Jul 22, 2010
  • First Open Lien Mortgage Loan Amount: $174,029
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 22, 2040
  • Second Open Lien Mortgage Lender: SECRETARY HOUSING URBAN DEVELO
  • Second Open Lien Mortgage Recording Date: Jun 30, 2021
  • Second Open Lien Mortgage Loan Amount: $20,770
  • Second Open Lien Mortgage Term: 228
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2040

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $543,700
  • Assessed Land Value: $262,100
  • Assessed Improvements Value: $281,600

    Sales

  • Current Sale Recording Date: Jul 22, 2010
  • Current Sale Transaction ID: 1111983924
  • Current Sale Price: $185,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 00031733

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK
  • First Mortgage Transaction Date: Jul 22, 2010
  • First Mortgage Loan Amount: $174,029
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Middlesex



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Frequently Asked Questions

What neighborhood is 5 Gilman Road located in?
The 5 Gilman Road is a located in the neighborhood of Billerica in Middlesex, North Billerica.
What is the average sales price for listings in 5 Gilman Road?
The average sales price for units in 5 Gilman Road is $0 currently.

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