NE Provenance

1 Founders Way

Saugus, MA 01906

Mixed Use
Owner
WRP...
Owner Type
LLC
Tenure
1 yr
Assessed
$98,279,900
Built
2003
Sq Ft
19,308
Lot
82.4 ac
Bed/Bath
—
Type
Mixed Use
Elevated Risks21ConditionC3Fire GradeCPermits1Last PermitSep 2025FloodA

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1 Founders Way, Saugus, MA 01906— Property Report

Building& Property Details

1 Founders Way is a Apartment mixed use built in 2003 located in Saugus, Essex County, MA. The building has 19,308 square feet of building area on a 82.4-acre lot.

Flood Zone & Natural Hazard Assessment

1 Founders Way is in FEMA flood zone A. This is a Special Flood Hazard Area (SFHA) where flood insurance is typically required for federally backed mortgages. The FEMA National Risk Index composite rating for this area is Relatively Low. The ASCE 7-22 design wind speed for this location is 123 mph. The ground snow load is 40 psf. The EPA radon zone is 1 (highest potential).

Fire Protection

NE Provenance rates the fire protection for 1 Founders Way at Grade C (Adequate fire protection access). The nearest fire station, SAUGUS FIRE DEPARTMENT, is 1.3 miles away. This grade reflects fire station proximity, department capabilities, hydrant coverage, and municipal water infrastructure.

Building Permits & Property History

Municipal records show 1 building permit on file for 1 Founders Way. The most recent permit was filed September 17, 2025. In the past five years, 1 permit has been issued. The current municipal assessment is $98,279,900, with $29,666,000 attributed to land and $68,613,900 to improvements. The property last sold on October 30, 2024 for $155,750,000. The deed history includes 2 recorded conveyances.

Environmental & Land Use

1 Founders Way is classified as a waterfront property. Dam exposure is rated Moderate.

SaugusNeighborhood & Community

1 Founders Way is located in Saugus, Essex County, MA. The property is zoned B-2 (High Rise Business And Industrial). The median home value in this census tract is $596,300. Median household income is $130,506. The owner-occupancy rate in the surrounding area is 64%. The property is served by the Saugus school district.

Full Property Intelligence Report

The complete NE Provenance report for 1 Founders Way, Saugus, MA includes over 430 data attributes sourced from 140+ public and proprietary datasets. The full report covers building construction and materials, NEP Condition Estimate derived from permit history, system ages for roof, electrical, plumbing, and HVAC, complete ownership and deed chain with transaction classification, FEMA flood and coastal hazard analysis, environmental contamination screening, and neighborhood demographics. Available as a professional property wallet, PDF report, or structured data export.