40 WATER ST
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Location
40 WATER ST
Mblu
038/ / 008/ 000/000
Acct#
F0060R
Owner
FALLS DEVELOPMENT ASSOC
Total Market Value
$3,297,000
PID
2799
Building Count
1
User Field 4
15
User Field 5
Topography
,River Overlay
Utility
Public Sewer,Public Water
Location
,Historic Distr
Street/Road
Current Value
Assessment
Valuation YearImprovementsLandTotal
2025$3,033,100$263,900$3,297,000

Owner of Record
OwnerFALLS DEVELOPMENT ASSOC
Co-OwnerC/O PHOENIX MANAGEMENT
AddressPO BOX 759
SACO, ME 04072
Sale Price$0
Certificate
Book & Page 3323/0113
Sale Date06/29/1984
Instrument

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
FALLS DEVELOPMENT ASSOC$0 3323/0113 06/29/1984

Building Information
Building 1 : Section 1
Year Built: 1900
Living Area: 39,170
Replacement Cost: $3,999,642
Building Percent Good: 74
Replacement Cost
Less Depreciation:
$2,959,700
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:3
Occupancy38.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2Brick Veneer
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Vinyl/Asphalt
Heating FuelGas
Heating TypeHot Water
AC TypeNone
Bldg UseAPT OVER 8 C
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:112C
Heat/ACNone
Frame TypeWood Frame
Baths/PlumbingAbove Average
Ceiling/WallCeiling /Walls
Rooms/PrtnsAbove Average
Wall Height8.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 25,722 25,722
BASFirst Floor 13,448 13,448
CANCanopy 117 0
FOPPorch, Open, Finished 572 0
UBMBasement, Unfinished 5,145 0
   45,004 39,170

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SOL1SOLAR MINIMUM2250.00 S.F$01
A/CAIR CONDITION2664.00 UNITS$6,9001
SPR1SPRINKLERS-WET45004.00 S.F.$50,0001

Land
Land Use
Use Code1122
DescriptionAPT OVER 8 C  
ZoneD
NeighborhoodCOM2
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.27
Frontage
Depth
Total Market Land$263,900

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  11000.00 S.F.$16,5001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$3,033,100$263,900$3,297,000
2024$1,997,600$672,500$2,670,100
2023$1,997,600$672,500$2,670,100
2022$1,997,600$512,700$2,510,300
Visit History
Visit History
Visit DatePurpose of VisitNotes
3/3/2025Assessor Reviewed 
1/6/2025Measur+Listed 
3/26/2018Listed NOH 
11/16/2017Elec Rough In 
11/7/2017Elec Rough InOFFICE ADDITION
10/5/2017Foundation 
2/13/2009ComplaintFOLLOW UP TO 2-6-09 INSPECTION, ALL DEFECIENCIES CORRECTED
2/6/2009ComplaintINSPECTED 4 UNITS AND COMMON AREAS, MINOR DEFECIENCIES NOTED.
4/28/2006Electric FinishFCO 2367
4/28/2006Final MiscellaneousINSPECTED COMMERCIAL SPACE FOR CO. ALL DONE EXCEPT FOR COMPLETION OF SPRINKLER SYSTEM. ISSUED TEMPORARY C OF O.
3/15/2006FramingOK ON NON-BEARING WALLS. FOUND THE FLOOR/CEILING ASSEMBLY WAS NOT IN COMPLIANCE WITH THE ORIGINAL APPROVALS (2 HOUR RATED ASSEMBLY MISSING) CALLED ARRON BATEMAN 772-2992 TO ADVISE

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