234 WATER STREET
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Location
234 WATER STREET
Mblu
06/ / 099/ /
Acct#
160016
Owner
PAYNE PROPERTIES, LLC
Total Market Value
$4,119,700
Appraisal
$4,119,700
PID
649
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$2,591,700$1,528,000$4,119,700
Assessment
Valuation YearImprovementsLandTotal
2025$2,591,700$1,528,000$4,119,700

Parcel Addresses
Additional Addresses

No Additional Addresses available for this parcel


Owner of Record
OwnerPAYNE PROPERTIES, LLC
Co-Owner
Address11 NEW YORK AVE
CUMBERLAND, RI 02864
Sale Price$4,450,000
Certificate
Book & Page 584/292
Sale Date10/31/2025
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
PAYNE PROPERTIES, LLC$4,450,000 584/2920010/31/2025
TRAZ CAPITAL PARTNERS II LLC$0 565/531N09/07/2022
TRAZ CAPITAL PARTNERS II LLC$1,600,000 0434/01851N06/16/2011

Building Information
Building 1 : Section 1
Year Built: 2001
Living Area: 10,008
Replacement Cost: $3,115,115
Building Percent Good: 81
Replacement Cost
Less Depreciation:
$2,523,200
Building Attributes
FieldDescription
Style:Apt Ovr Retail
ModelCommercial
GradeVery Good
Stories:3 Stories
Occupancy6.00
Ext Wall 1Clapboard
Exterior Wall 2 
Roof StructureMansard
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2 
Heating FuelOil
Heating TypeHot Air-no Duc
AC TypeCentral
Bldg UseCOMBO MDL 94
Total Rooms 
Total Bedrms7
Total Baths6
1st Floor Use:07
Heat/ACHEAT/AC SPLIT
Frame TypeWOOD FRAME
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 6,668 6,668
BASFirst Floor 3,340 3,340
FOPPorch, Open, Finished 632 0
   10,640 10,008
Building 2 : Section 1
Year Built: 1900
Living Area: 336
Replacement Cost: $99,224
Building Percent Good: 69
Replacement Cost
Less Depreciation:
$68,500
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Store
ModelCommercial
GradeGood
Stories:1 1/4 Stories
Occupancy 
Ext Wall 1Clapboard
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsbestos Shing
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2 
Heating FuelNone
Heating TypeNone
AC TypeNone
Bldg UseSEASNL COM
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeNONE
Baths/PlumbingNONE
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
BASFirst Floor 336 336
UHSHalf Story, Unfinished 336 0
   672 336

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR2WET/CONCEALED3072.00 S.F.$01
ELEVELEVATOR3.00 STOPS$01

Land
Land Use
Use Code044C
DescriptionCOMBO MDL 94  
ZoneOHC
Neighborhood8000
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.23
Frontage
Depth
Total Market Land$1,528,000
Appraised Value$1,528,000

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$1,818,700$1,041,700$2,860,400
2023$1,844,800$1,041,700$2,886,500
2022$1,844,800$1,041,700$2,886,500

Assessment
Valuation YearImprovementsLandTotal
2024$1,818,700$1,041,700$2,860,400
2023$1,844,800$1,041,700$2,886,500
2022$1,844,800$1,041,700$2,886,500

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