120 STEDMAN ST
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Location
120 STEDMAN ST
Mblu
62/ 5520/ 120/ /
Parcel ID
290119
Owner
THE FINISHING TRADES INSTITUTE OF NEW ENGLAND TRUST
PBN
Assessment
$25,582,900
Appraisal
$25,582,900
Internal ID
28788
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$24,424,900$1,158,000$25,582,900
Assessment
Valuation YearImprovementsLandTotal
2026$24,424,900$1,158,000$25,582,900

Owner of Record
OwnerTHE FINISHING TRADES INSTITUTE OF NEW ENGLAND TRUST
Co-OwnerBRENNAN CHRISTIAN ET AL TRUSTEES
Address120 STEDMAN ST
LOWELL, MA 01851
Sale Price$22,100,000
Certificate
Book & Page 39264/0100
Sale Date05/21/2025
Instrument1K

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
THE FINISHING TRADES INSTITUTE OF NEW ENGLAND TRUST$22,100,000 39264/01001K05/21/2025
PALLIS CORP$850,000 06780/0015UNKQ11/10/1993

Building Information
Building 1 : Section 1
Year Built: 1972
Living Area: 128,850
Replacement Cost: $31,450,997
Building Percent Good: 77
Replacement Cost
Less Depreciation:
$24,217,300
Building Attributes
FieldDescription
Style:School/College
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2Aluminum Sidng
Roof StructureSteel Frm/Trus
Roof CoverTar & Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Carpet
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UsePriv Other Ed C
Total Rooms 
Total Bedrms00
Total Baths14
1st Floor Use:9431
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallNONE
Rooms/PrtnsAVERAGE
Wall Height28.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 113,730 113,730
AOFOffice, (Average) 15,120 15,120
   128,850 128,850

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET69300.00 S.F.$42,7001
MEZ1MEZZANINE-UNF10899.00 S.F.$67,1001
LDL1LOAD LEVELERS6.00 UNITS$13,4001
MEZ1MEZZANINE-UNF7622.00 S.F.$47,0001
ELV1PSSNGR ELEVTR1.00 STOP$15,4001
OH-AOH DOORS AVG80.00 S.F.$7,5001
OH-AOH DOORS AVG120.00 S.F.$1,9001

Land
Land Use
Use Code9431
DescriptionPriv Other Ed C  
ZoneLI
NeighborhoodC900
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)5.97
Frontage0
Depth0
Assessed Value$1,158,000
Appraised Value$1,158,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  20000.00 S.F.$12,6001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$8,047,300$1,082,500$9,129,800
2024$7,610,600$1,030,500$8,641,100
2023$6,954,900$936,800$7,891,700

Assessment
Valuation YearImprovementsLandTotal
2025$8,047,300$1,082,500$9,129,800
2024$7,610,600$1,030,500$8,641,100
2023$6,954,900$936,800$7,891,700

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