550 Lower Road

550 Lower Road has been categorized by the local assessors in Gilbertville, MA as a commercial type of property. The building on the property was first built in 2004 and is 20 years old. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 43,386 square feet.

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 roof of the building is made of asphalt. The exterior walls of the building are made of metal. In terms of heating, it is utilizing a space/suspended heating system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 550 Lower Road was last sold in Jan 1, 1970 for $233,000. According to our calculations, that's $83.93 per sqft. Prior to that sales transaction, the property was sold for $228,000 in Jan 1, 1970. Current property owners are expected to pay $3,511 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 550 Lower Road was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $278,200. To break that down further, the land itself was valued at $45,500. While improvements to the property were assessed at a total of $232,700. 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. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.