402 NEW RIVER RD
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Location
402 NEW RIVER RD
Mblu
34/ 025/ 0/ /
Acct#
20-05932-97
Owner
TERRAPIN PROPERTIES LLC
Assessment
$3,817,300
Appraisal
$3,817,300
PID
5403
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$3,262,300$555,000$3,817,300
Assessment
Valuation YearImprovementsLandTotal
2025$3,262,300$555,000$3,817,300

Owner of Record
OwnerTERRAPIN PROPERTIES LLC
Co-Owner
Address8 DAVIS ST

CUMBERLAND, RI 02864
Sale Price$975,000
Certificate
Book & Page 001906/000108
Sale Date08/19/2014
Instrument99

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
TERRAPIN PROPERTIES LLC$975,000 001906/0001089908/19/2014
NEW RIVER CONDOMINIUM LLC$0 001473/0000901407/05/2007
NEW RIVER CONDOMINIUM LLC$0 001470/0000071405/21/2007
NEW RIVER CONDOMINIUM LLC$1,600,000 001417/0002421401/04/2007
CONSOLIDATED INDUSTRIAL DEV CORP$0 000668/0000540611/24/1999

Building Information
Building 1 : Section 1
Year Built: 2008
Living Area: 14,256
Replacement Cost: $1,497,496
Building Percent Good: 83
Replacement Cost
Less Depreciation:
$1,242,900
Building Attributes
FieldDescription
StyleAPARTMENTS
ModelComm/Ind
Grade1.00
Stories2.00
Occupancy12.00
QualityAvg
Roof StructureGable
Roof CoverShingle
Interior Wall 1Drywall or Plaster
Interior Wall 2 
Interior Floor 1Carpet
Building ClassD
Heating FuelGas
Building UseComm Apts
CoolingNone
Cooling Percent100
Plumbing AdequacyTypical
Heat 1Warm Air
Ext Wall 1Vinyl / Alum
Heat 1 Pct100
Heat 2 
Heat 2 Pct0
Wall Height8.00
Frame TypeFrame
Sprinkler Type 
Sprinkler Pct0
Interior ConditionAverage
Exterior ConditionAverage
Ceiling TypeDW/Plaster
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 4,752 4,752
FLLFIN LOWER LEVEL (C/I) 4,752 4,752
FUSFinished Upper Story 4,752 4,752
FOPOpen Porch 288 0
PTOPatio 144 0
   14,688 14,256
Building 2 : Section 1
Year Built: 2015
Living Area: 23,112
Replacement Cost: $2,348,127
Building Percent Good: 86
Replacement Cost
Less Depreciation:
$2,019,400
Building Attributes : Bldg 2 of 2
FieldDescription
StyleAPARTMENTS
ModelComm/Ind
Grade1.00
Stories2
Occupancy18.00
QualityAvg
Roof StructureGable
Roof CoverShingle
Interior Wall 1Drywall or Plaster
Interior Wall 2 
Interior Floor 1 
Building ClassD
Heating FuelGas
Building UseComm Apts
Cooling 
Cooling Percent 
Plumbing Adequacy 
Heat 1Warm Air
Ext Wall 1Vinyl / Alum
Heat 1 Pct100
Heat 2HVAC
Heat 2 Pct 
Wall Height8.00
Frame Type 
Sprinkler Type 
Sprinkler Pct 
Interior ConditionAverage
Exterior ConditionAverage
Ceiling TypeDW/Plaster
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 7,704 7,704
FLLFIN LOWER LEVEL (C/I) 7,704 7,704
FUSFinished Upper Story 7,704 7,704
FOPOpen Porch 440 0
PTOPatio 220 0
   23,772 23,112

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code814
DescriptionComm Apts  
ZoneRG7
Neighborhood11
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0
Frontage
Depth
Assessed Value$555,000
Appraised Value$555,000

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$3,262,300$555,000$3,817,300
2024$3,036,500$499,500$3,536,000
2023$3,036,500$499,500$3,536,000

Assessment
Valuation YearImprovementsLandTotal
2025$3,262,300$555,000$3,817,300
2024$3,036,500$499,500$3,536,000
2023$3,036,500$499,500$3,536,000

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