261 ELM ST
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Location
261 ELM ST
Mblu
21/ E/ 16/ /
Acct#
05227032
Owner
RPI ELM STREET, LLC
Assessment
$6,511,100
PID
180
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$4,918,900$1,592,200$6,511,100

Owner of Record
OwnerRPI ELM STREET, LLC
Co-OwnerC/O RIVERSIDE PROPERTIES INC
Address27 MICA LN SUITE 201
WELLESLEY, MA 02457
Sale Price$6,600,000
Certificate
Book & Page 63244/0447
Sale Date02/03/2014
Instrument1B

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
RPI ELM STREET, LLC$6,600,000 63244/04471B02/03/2014
ELM AT DAVIS LLC$5,872,500 62487/04361O08/20/2013
ERRICO PAUL R & JOSEPH F TRSTEES$1 34984/01041F03/06/2002
ERRICO JOSEPH & PAUL R ETAL TRSTS$0  /0  

Building Information
Building 1 : Section 1
Year Built: 1926
Living Area: 30,030
Replacement Cost: $6,270,286
Building Percent Good: 76
Replacement Cost
Less Depreciation:

$4,765,400
Building Attributes
FieldDescription
Style:Retail/Offices
ModelCommercial
GradeExcellent +10
Stories:3
Occupancy9.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Marble
Heating FuelGas
Heating TypeHot Water
AC TypeCentral
Struct Class 
Bldg UseOFFICE BLD MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Extra Kitch' 
1st Floor Use:3260
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
FUSUpper Story, Finished 14,559 14,559
BASFirst Floor 8,553 8,553
SFBBase, Semi-Finished 8,648 6,918
FOPPorch, Open, Finished 95 0
   31,855 30,030

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELV1ELEV-PASS 2-31.00 UNITS$65,4001
SPR2WET/CONCEALED28432.00 S.F.$86,4001

Land
Land Use
Use Code3400
DescriptionOFFICE BLD MDL-94  
ZoneCC4
Neighborhood4003
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.21
Frontage0
Depth0
Assessed Value$1,592,200

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SGN1SIGN 1 SIDE NO LIGHTS  27.00 S.F.&HGT$1,7001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$4,918,900$1,592,200$6,511,100
2025$4,666,100$1,516,400$6,182,500
2024$4,666,100$1,516,400$6,182,500

Regarding Parcel: Mblu : 21/ E/ 16/ / Location : 261 ELM ST

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