The noun GERBIL has 1 sense: 1. small Old World burrowing desert rodent with long soft pale fur and hind legs adapted for leaping. Familiarity information: GERBIL used as a noun is very rare.
The value of the house today is between $425,000 and $490,000. The house is currently rented for $2,500 per month to long-term tenants ($30,000 per year). They are on a month to month lease. Taxes of $5,925.04 were paid in March 2010.
Using comparable sales to calculate value. The most accurate way to determine the market value of a house is to use actual comparable sales. In theory, if three identical houses in the same neighborhood have recently sold for $80,000, $78,000 and $81,000, a forth identical house will sell within this same price range.