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About this home
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.
Single-familyProperty Type
1971Year Built
0.56 acresLot Size
$244Price/Sq.Ft.
2 garage spacesParking
Listed by Dominion Okeke• Chinatti Realty Group, Inc.
Major value-add opportunity in North Reading! Expansive ranch on over half an acre along the Ipswich River featuring 6 bedrooms and 4 bathrooms. Includes two in-law or guest suite setups, offering versatile multigenerational living potential. Home requires a full renovation. Set on a quiet cul-de-sac with a wooded lot and peaceful river views. Sought-after location. Cash or rehab financing only. Property sold as-is. Private showings only.
Year
Property tax
Land + Additions
Assessment*
2025
$9,347 (−9.3%)
$384,900 + $330,800
$715,700
2024
$10,306 (+9.7%)
$363,000 + $417,200
$780,200
2023
$9,393 (+0.1%)
$333,400 + $338,000
$671,400
2022
$9,381 (+4.0%)
$303,300 + $322,100
$625,400
2021
$9,022 (+1.7%)
$277,000 + $300,200
$577,200
2020
$8,869 (+1.8%)
$250,200 + $318,300
$568,500
2019
$8,709 (+5.1%)
$242,500 + $316,500
$559,000
2018
$8,288 (+6.4%)
$242,500 + $264,700
$507,200
2017
$7,789 (+6.0%)
$218,200 + $264,700
$482,900
2015
$7,351 (+5.9%)
$168,700 + $273,600
$442,300
2014
$6,943 (+0.6%)
$157,700 + $264,900
$422,600
2013
$6,902 (+11.5%)
$145,400 + $284,900
$430,300
2012
$6,188 (+2.7%)
$145,400 + $284,900
$430,300
2011
$6,024
$145,400 + $284,900
$430,300
2010
$6,024 (+16.3%)
$145,400 + $284,900
$430,300
2009
$5,180
$198,400 + $231,800
$430,200
Public record
Beds
6
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.56 Acres
Year renovated
—
Finished Sq. Ft.
2,405
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,405
Year built
1971
Style
Single Family Residential
County
Essex County
APN
23765S
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 10, 2026.
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
4/10 Fire Factor
0.93% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
6/10 Wind Factor
51% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
North Reading, MA • 01864
Average low and high temperatures (°F)
33
18
36
19
50
31
59
39
68
49
80
60
85
65
81
58
75
55
64
44
52
35
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 47 Riverside Dr
$802,014
$2,015 over list price of $800K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $694K to $1.7M.