506 PARK AVE
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Location
506 PARK AVE
Mblu
21/ 14/ / /
Acct#
Owner
506 PARK AVE LLC
Total Market Value
$449,700
Appraisal
$449,700
PID
4328
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$287,300$162,400$449,700
Assessment
Valuation YearImprovementsLandTotal
2025$287,300$162,400$449,700

Owner of Record
Owner506 PARK AVE LLC
Co-Owner
AddressPO BOX 412
PORTSMOUTH, RI 02871-0412
Sale Price$450,000
Certificate
Book & Page 1934-139/0
Sale Date10/31/2019
Instrument1S

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
506 PARK AVE LLC$450,000 1934-139/01S10/31/2019
KWN LLC$450,000 1853-151/01U04/03/2018
RICHARD MICHAEL & ROBIN$0 1683-180/00001/16/2015
R AND M 506 LLC$350,000 1683-176/01V01/16/2015
VFC PROPERTIES 26 LLC$275,000 1665-31/0F08/05/2014

Building Information
Building 1 : Section 1
Year Built: 1940
Living Area: 4,044
Replacement Cost: $498,749
Building Percent Good: 55
Replacement Cost
Less Depreciation:

$274,300
Building Attributes
FieldDescription
Style:Restaurant
ModelCommercial
GradeAverage
Stories:2
Occupancy2.00
Exterior Wall 1Wood Shingle
Exterior Wall 2Wood on Sheath
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Plastered
Interior Wall 2Wall Brd/Wood
Interior Floor 1Carpet
Interior Floor 2Pine/Soft Wood
Heating FuelGas
Heating TypeHot Water
AC TypeNone
Struct Class 
Bldg UseCOMBO PROP MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
FPL 
FPO 
1st Floor Use:044C
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
BASFirst Floor 3,284 3,284
APTApartment 760 760
FOPPorch, Open, Finished 28 0
UBMBasement, Unfinished 1,068 0
   5,140 4,044

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET3858.00 S.F.$6,4001
A/CAIR COND2000.00 S.F.$6,6001

Land
Land Use
Use Code044C
DescriptionCOMBO PROP MDL-94  
ZoneC
NeighborhoodISP
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.28
Frontage70
Depth0
Total Market Land$162,400
Appraised Value$162,400

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$216,600$147,600$364,200
2023$216,600$147,600$364,200
2022$216,600$147,600$364,200
2022$206,000$141,000$347,000

Assessment
Valuation YearImprovementsLandTotal
2024$216,600$147,600$364,200
2023$216,600$147,600$364,200
2022$216,600$147,600$364,200
2022$206,000$141,000$347,000

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