12-40 FOREST RIDGE DR
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Location
12-40 FOREST RIDGE DR
Mblu
7/ 9/ / /
Acct#
Owner
TRS GATEWAY II TRUST OF 1997
Total Market Value
$13,651,400
Appraisal
$13,651,400
PID
482
Building Count
5
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2027$10,169,000$3,482,400$13,651,400
Assessment
Valuation YearImprovementsLandTotal
2027$10,169,000$3,482,400$13,651,400

Parcel Addresses
Additional Addresses
AddressCity, State ZipType
14 FOREST RIDGE DR Secondary
12-14 FOREST RIDGE DR ROWLEY, MA 01969Secondary

Owner of Record
OwnerTRS GATEWAY II TRUST OF 1997
Co-OwnerCOUGHLIN JOHN E ET AL TRUSTEES
Address239 WESTERN AVE
ESSEX, MA 01929
Sale Price$0
Certificate
Book & Page 28275/0391
Sale Date01/28/2009
Instrument1W

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
TRS GATEWAY II TRUST OF 1997$0 28275/03911W01/28/2009
TRS GATEWAY II TRUST OF 1997$905,000 15768/05501G06/28/1999
TRS NORTH SHORE REALTY TRUST$0 6094/0600 06/29/1974

Building Information
Building 1 : Section 1
Year Built: 2007
Living Area: 2,394
Building Percent Good: 76
Replacement Cost
Less Depreciation:
$643,000
Building Attributes
FieldDescription
Style:School/College
ModelCommercial
GradeAverage +20
Stories:1
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseEDUC BLDG
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 2,394 2,394
FOPPorch, Open, Finished 216 0
   2,610 2,394
Building 2 : Section 1
Year Built: 2007
Living Area: 18,900
Building Percent Good: 76
Replacement Cost
Less Depreciation:
$3,833,200
Building Attributes : Bldg 2 of 5
FieldDescription
Style:School/College
ModelCommercial
GradeAverage +20
Stories:1
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseEDUC BLDG
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height14.00
% Comn Wall 
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 18,900 18,900
CANCanopy 1,617 0
   20,517 18,900
Building 3 : Section 1
Year Built: 2018
Living Area: 12,000
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$1,733,300
Building Attributes : Bldg 3 of 5
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAverage +10
Stories:2
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2Stucco/Masonry
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2Minim/Masonry
Interior Floor 1Vinyl/Asphalt
Interior Floor 2Concr-Finished
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseCOMM BLDG C
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 12,000 12,000
CANCanopy 720 0
FGRGarage, Finished 12,000 0
   24,720 12,000
Building 4 : Section 1
Year Built: 2018
Living Area: 12,000
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$1,286,800
Building Attributes : Bldg 4 of 5
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAverage +10
Stories:1
Occupancy3.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2Stucco/Masonry
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseCOMM BLDG C
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 12,000 12,000
CANCanopy 720 0
   12,720 12,000
Building 5 : Section 1
Year Built: 2021
Living Area: 15,000
Building Percent Good: 90
Replacement Cost
Less Depreciation:
$2,276,900
Building Attributes : Bldg 5 of 5
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAverage +10
Stories:1
Occupancy3.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2Stucco/Masonry
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2Minim/Masonry
Interior Floor 1Vinyl/Asphalt
Interior Floor 2Concr-Finished
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseCOMM BLDG C
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 15,000 15,000
FGRGarage, Finished 15,000 0
   30,000 15,000

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
SPR2WET/CONCEALED2394.00 S.F.$4,400$4,4001
SPR2WET/CONCEALED18765.00 S.F.$34,200$34,2002
SPR2WET/CONCEALED12000.00 S.F.$24,200$24,2004
SPR2WET/CONCEALED24000.00 S.F.$48,400$48,4003
SPR2WET/CONCEALED30000.00 S.F.$64,800$64,8005

Land
Land Use
Use Code3510
DescriptionEDUC BLDG  
ZoneBLI
Neighborhood200
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)63.04
Frontage0
Depth0
Total Market Land$3,482,400
Appraised Value$3,482,400

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
LT1LIGHTS-IN W/PL  3.00 UNITS$3,400$3,4002
PAV1PAVING-ASPHALT  40000.00 S.F.$60,000$60,0001
LT2W/DOUBLE LIGHT  3.00 UNITS$5,400$5,4002
PAT1PATIO-AVG  1792.00 S.F.$8,100$8,1002
PAV1PAVING-ASPHALT  50000.00 S.F.$75,000$75,0004
LT1LIGHTS-IN W/PL  7.00 UNITS$7,900$7,9003
PAV1PAVING-ASPHALT  40000.00 S.F.$60,000$60,0005
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$8,892,300$3,316,100$12,208,400
2025$8,716,100$3,158,700$11,874,800
2024$8,729,600$2,442,500$11,172,100

Assessment
Valuation YearImprovementsLandTotal
2026$8,892,300$3,316,100$12,208,400
2025$8,716,100$3,158,700$11,874,800
2024$8,729,600$2,442,500$11,172,100

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