8 Lancaster Street

8 Lancaster Street has been categorized by the local assessors in Leominster, MA as a commercial type of property. The building on the property was first built in 1999 and is 25 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8 Lancaster Street has 2,051 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 8,572 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 average. 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 materials that we aren't sure of. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. 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, 8 Lancaster Street was last sold in May 2, 2022 for $485,000. According to our calculations, that's $236.47 per sqft. Prior to that sales transaction, the property was sold for $475,000 in Jan 1, 1970. Current property owners are expected to pay $7,010 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 8 Lancaster Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $451,100. To break that down further, the land itself was valued at $239,500. While improvements to the property were assessed at a total of $211,600. 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 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.