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Exceptional opportunity for builders, developers, investors, or buyers looking to complete a substantial reconstruction in desirable North Reading. This property is currently under construction and being offered AS-IS, providing the next owner an opportunity to complete and customize an impressive Modern Farmhouse-style residence. Current plans feature approximately 3,282 SF of above-grade living area, plus approximately 1,000 SF of planned lower-level/basement space upon completion. The proposed layout features 6 bedrooms and 4.5 baths, including two primary en-suites, with a flexible floor plan designed for comfortable living. Plans also include an attached 2-car garage. A newly installed septic system is already in place. Situated on approximately 0.56 acres with scenic sloping landscape and views of the Ipswich River, the property offers tremendous potential in a desirable setting. Significant construction has already been undertaken, allowing the next owner to continue the project and select the remaining finishes. Convenient to shopping, major routes and area amenities. Property is an active construction site and is being sold AS-IS in its current condition. Buyer and buyer's agent to perform all due diligence regarding plans, permits, room configuration, measurements, construction status and completion requirements.

More Info

Basic Information

  • Bedrooms6
  • Mls StatusNew
  • Bathroom5
  • Lot Features Wooded, Sloped
  • Parcel Number 721533
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $715,700
  • Tax Year 2026
  • Taxes$9,518

Parking

  • Parking Spaces6
  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Attached, Off Street, Paved

Rooms

  • Bathrooms Total Decimal 4.5
  • Full Bath4
  • Half Baths1

Basic Information

  • List Price$799,999
  • MLS Number73579788
  • Modification Date09/19/2026
  • Property SubTypeSingle Family Residence

Location

  • Address47 Riverside Drive
  • Building Number47
  • CountyMiddlesex
  • StateMA
  • StreetRiverside Drive
  • TownNorth Reading
  • Zip01864

Building

  • Attached Garage YN Yes
  • BasementFull
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 1
  • FoundationConcrete Perimeter
  • Garage Spaces2
  • Property StyleColonial
  • Rooms10
  • Year Built1971
  • Year Built Details Under Construction
  • Year Built Source Public Records

Property

  • Acreage0.56

Exterior

  • RoofShingle

Utilities

  • Cooling Other
  • Cooling YN Yes
  • Electric Other (See Remarks)
  • Heat SystemYes
  • Heating Other
  • Sewer Private Sewer
  • Water Source Public

Property Information

  • Square Feet3,282
  • Building Area Source Appraiser
  • Living Area 3,282
  • Lot Size Square Feet 24,250
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • View YN Yes

Amenities

  • AmenitiesShopping, Highway Access
  • Appliances IncludedWater Heater

Other

  • Date Listed09/18/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Dominion Okeke of Chinatti Realty Group,Inc.

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