509 MARKET ST
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Location
509 MARKET ST
Mblu
137/ 3905/ 509/ /
Parcel ID
C12430
Owner
MAR-SAC REALTY TRUST
PBN
Total Market Value
$2,923,900
Appraisal
$2,923,900
Internal ID
34231
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$2,563,900$360,000$2,923,900
Assessment
Valuation YearImprovementsLandTotal
2026$2,563,900$360,000$2,923,900

Owner of Record
OwnerMAR-SAC REALTY TRUST
Co-OwnerKAZANJIAN ALAN W TRUSTEE
Address705 DUTTON ST
LOWELL, MA 01854
Sale Price$60,000
Certificate
Book & Page 09113/0007
Sale Date03/06/1998
Instrument1A

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
MAR-SAC REALTY TRUST$60,000 09113/00071A03/06/1998
KOUMOUTSEAS CHARLES$0 97P5898A/00001A12/12/1996
COUMAS LOUIS ET AL$0 01551/0153 04/02/1962

Building Information
Building 1 : Section 1
Year Built: 2024
Living Area: 17,456
Replacement Cost: $3,715,290
Building Percent Good: 99
Replacement Cost
Less Depreciation:
$3,678,100
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage +10
Stories:3
Occupancy15.00
Exterior Wall 1Clapboard
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Pergo
Interior Floor 2Carpet
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeHeat Pump
Bldg UseApt 9 Units and Up C
Total Rooms48
Total Bedrms30
Total Baths17
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height 
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 11,648 11,648
BASFirst Floor 5,808 5,808
UBMBasement, Unfinished 5,808 0
   23,264 17,456

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code0113
DescriptionApt 9 Units and Up C  
ZoneUMU
NeighborhoodC110
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.28
Frontage0
Depth0
Total Market Land$360,000
Appraised Value$360,000

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$0$131,700$131,700
2024$0$125,400$125,400
2023$0$114,000$114,000

Assessment
Valuation YearImprovementsLandTotal
2025$0$131,700$131,700
2024$0$125,400$125,400
2023$0$114,000$114,000

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