556 MILL ST
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Location
556 MILL ST
Mblu
30/ 23A/ 00001/ /
Acct#
30-23A-00001
Owner
ARROWPOINT MILL STREET LLC
Total Market Value
$8,828,000
PID
55438
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$5,048,000$3,780,000$8,828,000

Owner of Record
OwnerARROWPOINT MILL STREET LLC
Co-Owner
Address290 MERRIMACK ST
SUITE 210
LAWRENCE , MA 01843
Sale Price$10,150,000
Certificate
Book & Page 70820/0174
Sale Date07/29/2024
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
ARROWPOINT MILL STREET LLC$10,150,000 70820/01740007/29/2024
CHASE,LESTER E + CYNTHIA CO-TR$0 17602/02551F01/11/1996

Building Information
Building 1 : Section 1
Year Built: 1973
Living Area: 13,860
Replacement Cost: $1,706,514
Building Percent Good: 91
Replacement Cost
Less Depreciation:

$1,552,900
Building Attributes
FieldDescription
Style:Low Rise Apartment
ModelCommercial
GradeBA WOOD ST
Stories:3
Occupancy18.00
Exterior Wall 1Brick/Stone
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/Fbgl/Comp
Interior Wall 1Drywall/Shtrk
Interior Wall 2 
Interior Floor 1Ww/Carpet
Interior Floor 2Cer/Clay/Tile
Ext. Qual.AVERAGE
Int. Qual.AVERAGE
Bldg UseAPT OVER 8 MDL-94
Bath GradeAverage
Elevator0
Sprinkler0
1st Floor Use:112C
Heat/ACElectric
Frame TypeMasonry
Baths/PlumbingAverage
Ceiling/WallCeil & Walls
Rooms/Prtns 
Wall Height10.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
GLUGLA - Upper Story 9,240 9,240
GLAGross Leasable Area 4,620 4,620
OPHOpen Porch 684 0
   14,544 13,860

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code112C
DescriptionAPT OVER 8 MDL-94  
ZoneRS-7
Neighborhood260
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)92837
Depth
Total Market Land$3,780,000

Outbuildings
Outbuildings
CodeDescriptionSizeValueBldg #
PAV1PAVING-ASPHALT19440.00 S.F.$26,2001
PTSNPATIO-STONE900.00 S.F.$12,1001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$5,048,000$3,780,000$8,828,000
2024$4,244,300$3,780,000$8,024,300
2023$4,727,200$3,240,000$7,967,200

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