48 LAKE AVE
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Location
48 LAKE AVE
Mblu
75/ 02/ 03/ /
Acct#
406938753380 0
Owner
LAKESIDE UNIVERSITY APARTMENTS LLC
Total Market Value
$15,639,200
PID
11655
Building Count
5
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$11,996,000$3,643,200$15,639,200

Owner of Record
OwnerLAKESIDE UNIVERSITY APARTMENTS LLC
Co-Owner
Address59 UNION SQUARE
SOMERVILLE, MA 02143
Sale Price$16,300,000
Certificate
Book & Page 63853/0080
Sale Date07/01/2014
Instrument1U

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
LAKESIDE UNIVERSITY APARTMENTS LLC$16,300,000 63853/00801U07/01/2014
HORN POND APARTMENTS LLC$13,000,000 60868/01881V12/31/2012
SULLIVAN WILLIAM H. JR. TR.$1 60868/01741A12/31/2012
SULLIVAN WILLIAM H. JR. TR.$1 50100/04601A09/14/2007
SULLIVAN WILLIAM H. JR.$0 24241/0389 01/01/1994

Building Information
Building 1 : Section 1
Year Built: 1982
Living Area: 30,180
Replacement Cost: $5,017,911
Building Percent Good: 82
Replacement Cost
Less Depreciation:
$4,114,700
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeGood
Stories:2
Occupancy92.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeUnit/AC
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Depreciation2 pct
1st Floor Use:1120
Heat/ACTYPICAL
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 20,120 20,120
BASFirst Floor 10,060 10,060
   30,180 30,180
Building 2 : Section 1
Year Built: 1982
Living Area: 10,800
Replacement Cost: $2,172,947
Building Percent Good: 74
Replacement Cost
Less Depreciation:
$1,608,000
Building Attributes : Bldg 2 of 5
FieldDescription
Style:Apartments
ModelCommercial
GradeGood
Stories:2
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 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeUnit/AC
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Depreciation2 pct
1st Floor Use:1120
Heat/ACTYPICAL
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 7,200 7,200
BASFirst Floor 3,600 3,600
   10,800 10,800
Building 3 : Section 1
Year Built: 1982
Living Area: 10,800
Replacement Cost: $2,172,947
Building Percent Good: 74
Replacement Cost
Less Depreciation:
$1,608,000
Building Attributes : Bldg 3 of 5
FieldDescription
Style:Apartments
ModelCommercial
GradeGood
Stories:2
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 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeUnit/AC
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Depreciation2 pct
1st Floor Use:1120
Heat/ACTYPICAL
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 7,200 7,200
BASFirst Floor 3,600 3,600
   10,800 10,800
Building 4 : Section 1
Year Built: 1982
Living Area: 30,180
Replacement Cost: $5,017,911
Building Percent Good: 74
Replacement Cost
Less Depreciation:
$3,713,300
Building Attributes : Bldg 4 of 5
FieldDescription
Style:Apartments
ModelCommercial
GradeGood
Stories:2
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 1Carpet
Interior Floor 2 
Heating FuelOil
Heating TypeForced Air-Duc
AC TypeUnit/AC
Bldg UseAPT OVER 8 MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Depreciation2 pct
1st Floor Use:1120
Heat/ACTYPICAL
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 20,120 20,120
BASFirst Floor 10,060 10,060
   30,180 30,180
Building 5 : Section 1
Year Built:
Living Area: 0
Replacement Cost: $0
Building Percent Good:
Replacement Cost
Less Depreciation:
$0
Building Attributes : Bldg 5 of 5
FieldDescription
Style:Vacant Land
Model
Grade:
Stories:
Occupancy
Exterior Wall 1
Exterior Wall 2
Roof Structure:
Roof Cover
Interior Wall 1
Interior Wall 2
Interior Flr 1 
Interior Flr 2
Heat Fuel
Heat Type:
AC Type:
Total Bedrooms:
Total Bthrms:
Total Half Baths:
Total Xtra Fixtrs:
Total Rooms:
Bath Style:
Kitchen Style:
Building Photo Building Photo
Building Layout
Building Sub-Areas (sq ft)

No Data for Building Sub-Areas


Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code1120
DescriptionAPT OVER 8 MDL-94  
ZoneR-1
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.48
Frontage0
Depth0
Total Market Land$3,643,200

Outbuildings
Outbuildings

No Data for Outbuildings

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