1 UPPER FALLS WAY
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Location
1 UPPER FALLS WAY
City, State, Zip
,
Mblu
40/ 56/ / /
Acct#
0400560000
Owner
SACO LOWELL LLC
Assessment
$11,643,300
Appraisal
$11,643,300
PID
4904
Building Count
1
Legal Description
Assessing District
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$11,285,800$357,500$11,643,300
Assessment
Valuation YearImprovementsLandTotal
2025$11,285,800$357,500$11,643,300

Owner of Record
OwnerSACO LOWELL LLC
Co-Owner
Address82 HANOVER ST STE 5
PORTLAND , ME 04101
Sale Price$1,725,000
Certificate
Book18498
Page581
Sale Date12/23/2020
Instrument311

Ownership History
Ownership History
OwnerSale PriceCertificateInstrumentSale DateBookPage
SACO LOWELL LLC$1,725,000 31112/23/202018498581
FIFTY NINE ELM STREET LLC$425,000 1L06/24/2009156670590
CRONKITE, RAYMOND$0 1B04/02/2009155990422
CRONKITE REALTY LLC$0 1B08/17/2005145710316
CRONKITE RAYMOND E$140,000 1N04/27/2004140630556

Building Information
Building 1 : Section 1
Year Built: 1972
Living Area: 72,508
Replacement Cost: $16,557,492
Building Percent Good: 68
Replacement Cost
Less Depreciation:
$11,259,100
Building Attributes
FieldDescription
Style:Mill Conv Apts
ModelCommercial
GradeVery Good
Stories:1
Occupancy96.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2Drywall/Sheet
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseMILL CONV-APTS
Total Rooms 
Total Bedrms00
Total Baths2
No. of Comm. Units 
No. of Res. Units96
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height18.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 54,832 54,832
BASFirst Floor 17,036 17,036
AOFOffice, (Average) 640 640
   72,508 72,508

Extra Features
Extra Features
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SPR3DRY  3968.00 S.F.$6,7001

Parcel Information
Use Code3070
DescriptionMILL CONV-APTS  
Deeded Acres2.57

Land
Land Use
Use Code3070
DescriptionMILL CONV-APTS  
ZoneMSRD3
Neighborhood0003
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.57
Frontage0
Depth0
Assessed Value$357,500
Appraised Value$357,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  20000.00 S.F.$20,0001
MSC76FTELEV  1.00 UNIT$01
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$11,066,600$357,500$11,424,100
2023$11,066,600$357,500$11,424,100
2022$370,800$276,800$647,600

Assessment
Valuation YearImprovementsLandTotal
2024$11,066,600$357,500$11,424,100
2023$11,066,600$357,500$11,424,100
2022$370,800$276,800$647,600

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