480 MAIN ST
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Location
480 MAIN ST
Mblu
442/ 142/ 61/ /
Acct#
332
Owner
RAM LANDMARK INN TRUST
Assessment
$2,699,300
4351
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2025$2,512,700$186,600$2,699,300

Owner of Record
OwnerRAM LANDMARK INN TRUST
Co-OwnerPATEL MAHENDRA & RAGI M TRUSTEES
Address480 MAIN ST
LACONIA, NH 03246
Sale Price$2,750,000
Book & Page 3059/0911
Sale Date09/23/2016
Instrument01

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
RAM LANDMARK INN TRUST$2,750,0003059/09110109/23/2016
INNVEST HOTEL PROPERTIES INC$02829/05273102/06/2013
INNVEST HOTEL PROPERTIES INC$02534/04903112/05/2008
INNVEST HOTEL PROPERTIES INC$02534/04833112/05/2008
INNVEST HOTEL PROPERTIES INC$02534/03443112/05/2008

Building Information
Building 1 : Section 1
Year Built: 1973
Living Area: 54,895
Building Attributes
FieldDescription
Style:Motel
ModelCommercial
GradeAverage
Stories:7
Occupancy104.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Ceram Clay Til
Heating FuelElectric
Heating TypeHot Air-no Duc
AC TypeCentral
Struct Class 
Bldg UseMOTELS MDL-96
Total Rooms108
Total Bedrms104
Total Baths105
1st Floor Use:301I
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 44,509 44,509
BASFirst Floor 10,386 10,386
CANCanopy 260 0
CTHCathedral Ceiling 875 0
FBMBasement, Finished 1,210 0
FEPPorch, Enclosed, Finished 130 0
SFBBase, Semi-Finished 2,160 0
STPStoop 128 0
UBMBasement, Unfinished 6,354 0
URBBasement, Unfinished, Raised 2,022 0
WDKDeck, Wood 540 0
   68,574 54,895

Extra Features
Extra Features
CodeDescriptionSizeBldg #
ELV2ELEV PASSENGER2.00 UNITS1
CLR1COOLER60.00 S.F.1
CLR2FREEZER TEMPS60.00 S.F.1
SPR1SPRINKLERS-WET54895.00 S.F.1
ELV3EVEVATOR STOP14.00 STOPS1

Land
Land Use
Use Code3010
DescriptionMOTELS MDL-94  
ZoneUC
NeighborhoodDOWNTOWN
No
Category
Land Line Valuation
Size (Acres)1.67
Frontage0
Depth0
Assessed Value$186,600

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeBldg #
SPL1POOL-INGR CONC  551.00 S.F.1
LT2W/DOUBLE LIGHT  7.00 UNITS1
PAV1PAVING-ASPHALT  40500.00 S.F.1
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$2,512,700$186,600$2,699,300
2024$2,268,400$179,700$2,448,100
2023$1,936,600$153,400$2,090,000

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