557 VARNUM AVE
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Location
557 VARNUM AVE
Mblu
55/ 5880/ 557/ /
Parcel ID
P90030
Owner
GPG VARNUM LLC
PBN
Assessment
$3,977,300
Appraisal
$3,977,300
Internal ID
24943
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$3,383,300$594,000$3,977,300
Assessment
Valuation YearImprovementsLandTotal
2026$3,383,300$594,000$3,977,300

Owner of Record
OwnerGPG VARNUM LLC
Co-OwnerC/O THE GENESIS PROPERTY GROUP LLC
Address300 BRICKSTONE SQ STE 201
ANDOVER, MA 01810
Sale Price$360,050
Certificate
Book & Page 28443/0215
Sale Date09/03/2014
Instrument1O

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
GPG VARNUM LLC$360,050 28443/02151O09/03/2014
MASSACHUSETTS NURSING HOMES LLC$1,039,190 06880/0152UNKQ12/30/1993

Building Information
Building 1 : Section 1
Year Built: 1960
Living Area: 18,127
Replacement Cost: $4,393,839
Building Percent Good: 77
Replacement Cost
Less Depreciation:
$3,383,300
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage +10
Stories:1
Occupancy18.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2Vinyl Siding
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Pergo
Interior Floor 2Carpet
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use:112C
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
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
BASFirst Floor 18,127 18,127
PTOPatio 696 0
UBMBasement, Unfinished 5,616 0
   24,439 18,127

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET23351.00 S.F.$01

Land
Land Use
Use Code112C
DescriptionAPT OVER 8 MDL-94  
ZoneSSF
Neighborhood
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)1.20
Frontage0
Depth0
Assessed Value$594,000
Appraised Value$594,000

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$3,089,100$554,400$3,643,500
2024$2,943,000$517,500$3,460,500
2023$2,795,800$450,000$3,245,800

Assessment
Valuation YearImprovementsLandTotal
2025$3,089,100$554,400$3,643,500
2024$2,943,000$517,500$3,460,500
2023$2,795,800$450,000$3,245,800

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