425 UNIVERSITY AV
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Location
425 UNIVERSITY AV
Mblu
22/ 14/ 1/ /
Acct#
Owner
MARTIN FAMILY HOLDINGS
Assessment
$4,248,000
Appraisal
$4,248,000
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$2,742,500$1,505,500$4,248,000
Assessment
Valuation YearImprovementsLandTotal
2026$2,742,500$1,505,500$4,248,000

Owner of Record
OwnerMARTIN FAMILY HOLDINGS
Co-OwnerLIMITED PARTNERSHIP
Address425 UNIVERSITY AVE
NORWOOD, MA 02062
Sale Price$5,700,000
Certificate
Book & Page 18784/0188
Sale Date04/29/2003
Instrument1B

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
MARTIN FAMILY HOLDINGS$5,700,000 18784/01881B04/29/2003
MARTIN ASSOCIATES$2,500,000 11087/02711O10/24/1995
GAGGENAU USA CORPORATION$0  /0  

Building Information
Building 1 : Section 1
Year Built: 1970
Living Area: 56,010
Replacement Cost: $3,925,642
Building Percent Good: 68
Replacement Cost
Less Depreciation:
$2,669,400
Building Attributes
FieldDescription
Style:Industrial
ModelInd/Lg UnfnCom
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2Pre-finsh Metl
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Carpet
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeCentral
Struct Class 
Bldg UseIND WHSES
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:4010
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEILING ONLY
Rooms/PrtnsAVERAGE
Wall Height18.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 42,008 42,008
AOFOffice, (Average) 14,002 14,002
CANCanopy 688 0
CLPLoading Platform, Finished 200 0
   56,898 56,010

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET56010.00 S.F.$38,1001

Land
Land Use
Use Code4010
DescriptionIND WHSES  
ZoneLM
NeighborhoodUNI
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)3
Frontage0
Depth0
Assessed Value$1,505,500
Appraised Value$1,505,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  35000.00 S.F.$35,0001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$2,742,500$1,505,500$4,248,000
2025$2,627,800$1,447,700$4,075,500
2024$2,513,600$1,447,700$3,961,300

Assessment
Valuation YearImprovementsLandTotal
2026$2,742,500$1,505,500$4,248,000
2025$2,627,800$1,447,700$4,075,500
2024$2,513,600$1,447,700$3,961,300

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