31 COMMERCE WY
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Location
31 COMMERCE WY
Mblu
15/ 5/ 5/ /
Acct#
Owner
THE MAY INSTITUTE, INC
Assessment
$7,132,400
Appraisal
$7,132,400
Building Count
3
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$5,540,100$1,592,300$7,132,400
Assessment
Valuation YearImprovementsLandTotal
2026$5,540,100$1,592,300$7,132,400

Owner of Record
OwnerTHE MAY INSTITUTE, INC
Co-Owner
Address41 PACELLA PARK DRIVE

RANDOLPH, MA 02368
Sale Price$6,000,000
Certificate
Book & Page LC203375/0
Sale Date09/09/2020
Instrument1K

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
THE MAY INSTITUTE, INC$6,000,000 LC203375/01K09/09/2020
COMMERCE WAY LLC$2,350,000 LC189646/01K10/03/2014
SOUTH AREA SOLOMON$3,575,000 LC171762/01K12/30/2005
MAY INSTITUTE, INC$3,700,000 LC158902/01K01/02/2001
SUMNER STREET REALTY TRUST INC$0  /0  

Building Information
Building 1 : Section 1
Year Built: 1981
Living Area: 14,554
Replacement Cost: $2,797,742
Building Percent Good: 80
Replacement Cost
Less Depreciation:
$2,238,200
Building Attributes
FieldDescription
Style:School Private
ModelCommercial
GradeAverage
Stories:2
Occupancy1.00
Exterior Wall 1Pre-Fab Wood
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeHot Water
AC TypeCentral
Struct Class 
Bldg UsePRI SCHOOL C
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9052
Heat/ACHEAT/AC SPLIT
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
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 7,746 7,746
FUSUpper Story, Finished 6,808 6,808
   14,554 14,554
Building 2 : Section 1
Year Built: 1986
Living Area: 5,022
Replacement Cost: $1,084,490
Building Percent Good: 70
Replacement Cost
Less Depreciation:
$759,100
Building Attributes : Bldg 2 of 3
FieldDescription
Style:School Private
ModelCommercial
GradeAverage
Stories:2
Occupancy1.00
Exterior Wall 1Pre-Fab Wood
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeHot Water
AC TypeCentral
Struct Class 
Bldg UseHOSP C
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9052
Heat/ACHEAT/AC SPLIT
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 2,146 2,146
FUSUpper Story, Finished 1,726 1,726
FBMBasement, Finished 1,698 849
FHSHalf Story, Finished 376 301
WDKDeck, Wood 36 0
   5,982 5,022
Building 3 : Section 1
Year Built: 1995
Living Area: 18,294
Replacement Cost: $3,464,241
Building Percent Good: 72
Replacement Cost
Less Depreciation:
$2,494,300
Building Attributes : Bldg 3 of 3
FieldDescription
Style:School Private
ModelCommercial
GradeAverage
Stories:2
Occupancy1.00
Exterior Wall 1Pre-Fab Wood
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeHot Water
AC TypeCentral
Struct Class 
Bldg UseHOSP C
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:9052
Heat/ACHEAT/AC SPLIT
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 7,581 7,581
FUSUpper Story, Finished 7,142 7,142
FBMBasement, Finished 7,142 3,571
FOPPorch, Open, Finished 20 0
   21,885 18,294

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code9040
DescriptionPRI SCHOOL C  
ZoneM
NeighborhoodC4
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)4.6
Frontage0
Depth0
Assessed Value$1,592,300
Appraised Value$1,592,300

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  44000.00 S.F.$44,0001
LT2W/DOUBLE LIGHT  2.00 UNITS$1,7001
LT1LIGHTS-IN W/PL  8.00 UNITS$2,8001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$5,540,100$1,592,300$7,132,400
2025$5,316,700$1,530,900$6,847,600
2024$4,886,800$1,530,900$6,417,700

Assessment
Valuation YearImprovementsLandTotal
2026$5,540,100$1,592,300$7,132,400
2025$5,316,700$1,530,900$6,847,600
2024$4,886,800$1,530,900$6,417,700

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