Active Under Contract
19 Days on market
55 Chestnut St North Reading — Photo 1 of 21
$800,000
55 Chestnut St, North Reading, MA 01864
North Reading, MA 01864
Beds
3
Baths
2
SqFt
2,324
Style
Single Family
Built
1940
OPEN HOUSE CANCELED 8/8 - Accepted Offer. Also listed as LAND in MLS# 73556232. Bring your renovation or development know-how and your vision! This 3-bedroom, 2-bath home sits on a generous 4.6-acre lot offering space, privacy, and potential. The home features a large eat-in kitchen and original hardwood flooring in several rooms, a primary bedroom and bath on the first floor, 2 bedrooms and an open loft area on the second floor, along with a 1.5-car garage and plenty of basement storage. This property is being offered as an excellent value-add opportunity in a town where space is at a premium. Don't miss this chance to create something special on one of the largest lots on the market today!
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$344/sqft
Local Avg (North Reading)$381/sqft
10% BelowMarket Average
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within North Reading, MA.
Property Details
Financials
Original Price$800,000
Annual Taxes$9,560
Parking
Garage1
Off-Street5
Interior Specifications
Total Rooms7
FireplacesNone
FlooringWood, Vinyl, Carpet
BasementFull, Interior Entry, Garage Access
Climate & Utilities
HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPrivate Sewer
Building & Exterior
ConstructionFrame
RoofShingle
FoundationStone
ZoningRA
Property & Lot
Acres4.6
SqFt Lot200,376
Lot FeaturesWooded
Amenities & Appliances
Water Heater • Range • Dishwasher • Trash Compactor • Refrigerator
Neighborhood
Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area • Highway Access • House of Worship
Geography
Property History
Listed
$800,000
Jul 29, 2026
MLS® 73556234
Listed
$800,000
Jul 29, 2026
MLS® 73556232
Population
15,765
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$148K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
15.7%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,324 sq ft principal dwelling). Lot size: 200,376 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Listing Provided By
Listing Agent: Theresa Colarusso
Listing Office: Provided by MLS PIN
MLS® Number: 73556234
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