551 NORTH RD
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Location
551 NORTH RD
Mblu
70/R / 20/ /
Acct#
Owner
551 NORTH MA PROPCO, LLC
Assessment
$13,426,700
Appraisal
$13,426,700
PID
7414
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$12,870,500$556,200$13,426,700
Assessment
Valuation YearImprovementsLandTotal
2026$12,870,500$556,200$13,426,700

Owner of Record
Owner551 NORTH MA PROPCO, LLC
Co-Owner
AddressC/O WELLTOWER INC.
4500 DORR ST
TOLEDO, OH 43615
Sale Price$99
Certificate
Book & Page 25250/0552
Sale Date12/05/2023
Instrument1B

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
551 NORTH MA PROPCO, LLC $99 25250/05521B12/05/2023
ARMBROOK VILLAGE OWNER, LLC$25,420,000 20654/02411B04/07/2015
ARMBROOK SENIOR LIVING LLC$2,450,000 19103/03641B02/01/2012
551 NORTH ROAD LLC$1 19103/03621B02/01/2012
BDMG LLC$75,000 18433/01260008/30/2010

Building Information
Building 1 : Section 1
Year Built: 2011
Living Area: 63,983
Replacement Cost: $9,791,958
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$8,225,200
Building Attributes
FieldDescription
Style:Apartment GD
ModelCommercial
GradeLuxurious +10
Stories:4
Occupancy127.00
Exterior Wall 1Vinyl Siding
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 TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeFIREPRF STEEL
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 47,987 47,987
BASFirst Floor 15,996 15,996
   63,983 63,983
Building 1 : Section 2
Year Built: 2011
Living Area: 32,256
Replacement Cost: $4,936,458
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$4,146,600
Building Attributes : Section 2 of 3
FieldDescription
Style:Apartment GD
ModelCommercial
GradeLuxurious +10
Stories:4
Occupancy 
Exterior Wall 1Vinyl Siding
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 TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeFIREPRF STEEL
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 24,192 24,192
BASFirst Floor 8,064 8,064
   32,256 32,256
Building 1 : Section 3
Year Built: 2011
Living Area: 2,991
Replacement Cost: $457,743
Building Percent Good: 84
Replacement Cost
Less Depreciation:
$384,500
Building Attributes : Section 3 of 3
FieldDescription
Style:Apartment GD
ModelCommercial
GradeLuxurious +10
Stories:4
Occupancy 
Exterior Wall 1Vinyl Siding
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 TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeFIREPRF STEEL
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 2,991 2,991
   2,991 2,991

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET10984.00 S.F.$4,4001
ELV1ELEVATOR PASS2.00 UNITS$95,0001

Land
Land Use
Use Code112C
DescriptionAPT OVER 8 MDL-94  
ZoneI
Neighborhood
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)10.94
Frontage0
Depth0
Assessed Value$556,200
Appraised Value$556,200

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
GA12GAZEBO 12'  3.00 UNITS$6,0001
GAZ1GAZEBO  192.00 S.F.$5001
PAV1PAVING-ASPHALT  4217.00 S.F.$3,6001
SHD1SHED FRAME  288.00 S.F.$1,2001
SHD1SHED FRAME  288.00 S.F.$1,2001
SGN3W/INT LIGHTS  60.00 S.F.&HGT$2,3001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$12,870,500$556,200$13,426,700
2025$11,725,300$541,500$12,266,800
2024$11,235,200$493,900$11,729,100

Assessment
Valuation YearImprovementsLandTotal
2026$12,870,500$556,200$13,426,700
2025$11,725,300$541,500$12,266,800
2024$11,235,200$493,900$11,729,100

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