257 MARGINAL ST
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Location
257 MARGINAL ST
Mblu
6/ / 10/ /
Acct#
15510022
Owner
257 CHELSEA CREEK LLC
Total Market Value
$4,559,300
PID
7
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$609,400$3,949,900$4,559,300

Owner of Record
Owner257 CHELSEA CREEK LLC
Co-Owner
Address134 MIDDLE ST SUITE 210
LOWELL, MA 01852
Sale Price$9,000,000
Certificate
Book & Page 60615/0307
Sale Date01/07/2019
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
257 CHELSEA CREEK LLC$9,000,000 60615/03071V01/07/2019
MARGINAL STREET DEVELOPMENT LLC$7,000,000 57733/00461V03/29/2017
245 AND 257 MARGINAL STREET LLC$2,500,000 C#125725/00001B08/01/2008
MARGINAL LEASING LLC$6,600,000 C#125724/00001V08/01/2008
J.A.B. REALTY INCORPORATED$1,500,000 DOC 643241/00001G10/27/2002

Building Information
Building 1 : Section 1
Year Built: 1926
Living Area: 1,185
Replacement Cost: $253,886
Building Percent Good: 79
Replacement Cost
Less Depreciation:
$200,600
Building Attributes
FieldDescription
Style:Light Indust
ModelIndustrial
GradeAverage
Stories:1 Story
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverRubber Membran
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Water
AC TypeNone
Bldg UseFACTORY MDL-96
Total Rooms2
Total Bedrms0
Total Baths1
Systems Stat 
Residential Units 
1st Floor Use:4000
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallNONE
Rooms/PrtnsAVERAGE
Wall Height14.00
% Comn Wall0.00
Commercial Units 
# Open parking spaces 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 1,185 1,185
   1,185 1,185

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code4000
DescriptionFACTORY MDL-96  
ZonePORT
Neighborhood3030
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)173012
Frontage0
Total Market Land$3,949,900

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeAssessed ValueBldg #
PAV1PAVING-ASPHALT  150000.00 S.F.$300,0001
FN4FENCE-8' CHAIN  1400.00 L.F.$24,6001
FN3FENCE-6' CHAIN  1000.00 L.F.$16,0001
LT10W/DOUBLE LIGHT  23.00 UNITS$62,6001
KSK1KIOSK-SERV STA  50.00 S.F.$5,6001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$610,000$3,761,300$4,371,300
2024$486,800$3,581,300$4,068,100
2023$488,600$3,444,700$3,933,300

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