740 ELM ST
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Location
740 ELM ST
Mblu
8E/ 1897/ / /
Acct#
6500
Owner
BW CONCORD HOTEL LLC
Assessment
$7,404,700
Appraisal
$7,404,700
PID
6500
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$1,892,600$5,512,100$7,404,700
Assessment
Valuation YearImprovementsLandTotal
2026$1,892,600$5,512,100$7,404,700

Owner of Record
OwnerBW CONCORD HOTEL LLC
Co-OwnerC/O NAVIN PATEL
Address740 ELM ST
CONCORD, MA 01742
Sale Price$8,050,000
Certificate
Book & Page 67060/0311
Sale Date04/08/2016
Instrument1C

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
BW CONCORD HOTEL LLC$8,050,000 67060/03111C04/08/2016
K W CONCORD LLC$5,792,000 63499/02841V04/16/2014
NASHOBA LLC$1 30362/0181 06/01/1999

Building Information
Building 1 : Section 1
Year Built: 1960
Living Area: 51,143
Replacement Cost: $5,373,707
Building Percent Good: 33
Replacement Cost
Less Depreciation:
$1,773,300
Building Attributes
FieldDescription
Style:Motels/Hotel
ModelCommercial
Grade03
Stories:2
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2Brick Veneer
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelElectric
Heating TypeElectr Basebrd
AC TypeUnit/AC
Struct Class 
Bldg UseHOTELS
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use:3000
Heat/ACHEAT/AC PKGS
Frame TypeREINF. CONCR
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 26,016 26,016
FUSUpper Story, Finished 25,127 25,127
CANCanopy 493 0
FOPPorch, Open 7,896 0
   59,532 51,143

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET51365.00 S.F.$49,3001

Land
Land Use
Use Code3000
DescriptionHOTELS  
ZoneLB1
Neighborhood
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)20.41
Frontage516
Depth
Assessed Value$5,512,100
Appraised Value$5,512,100

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SPL3POOL-ING GUNIT  1276.00 S.F.$27,4001
PAV1PAVING-ASPHALT  30000.00 S.F.$28,8001
LT1LIGHTS-IN W/PL  11.00 UNITS$12,0001
SHD1SHED FRAME  80.00 S.F.$8001
SGN3W/INT LIGHTS  40.00 S.F.&HGT$1,0001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$1,892,600$5,512,100$7,404,700
2025$1,861,000$5,248,200$7,109,200
2024$1,861,000$5,248,200$7,109,200

Assessment
Valuation YearImprovementsLandTotal
2026$1,892,600$5,512,100$7,404,700
2025$1,861,000$5,248,200$7,109,200
2024$1,861,000$5,248,200$7,109,200

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