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197 Main Street

197 Main Street, North Reading, MA 01864
Property in North Reading
197 Main Street has been categorized by the local assessors in North Reading, MA as a office type of property. The area measurement of the land has been determined as 168,142 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Jan 1, 1970 for $2,250,000. That's $124.58 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $2,250,000. 197 Main Street was last assessed in 2024. The total value of the property was assessed at $3,159,600. Specifically, the land the property is located on was valued at $1,092,500. While improvements on the property were assessed at a total of $2,067,100. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $41,738. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Building Count: 3
  • Bedroom Count: 0
  • Business/Commerical Units Count: 12
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 168,142
  • Lot Size Frontage Feet: 0
  • Total Building Area: 18,060
  • Gross Building Area: 18,060
  • Building Area: 18,060
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Land Acres: 3.86
  • Standard Land Use Code: Office bldg (general)

Ownership

  • Current Owner : NR 197 MAIN LLC
  • Previous Owner : 197 MAIN STREET RT
  • Owner Before Previous Owner: 197 MAIN STREET RT
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: North Reading School District
  • School Tax School District: NO READING SD
  • Census Tract: 330201

Zoning

  • Zoning: HB

Geography

  • District: 213
  • Parcel: NREA M:026.0 B:0000 L:0020.0
  • Lot: 20.0
  • Municipality: NORTH READING
  • Latitude: 42.5859
  • Longitude: -71.1131

    Address

  • Full Address: 197 Main St
  • Address - House Number: 197
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: North Reading
  • Carrier Code: R051
  • 4-Digit Zip Code: 3169
  • Zip Code: 01864

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $41,738

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,130,000
  • First Open Lien Mortgage Lender: 197 MAIN STREET RT
  • First Open Lien Mortgage Recording Date: May 15, 2013
  • First Open Lien Mortgage Loan Amount: $2,130,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: May 15, 2043
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,159,600
  • Assessed Land Value: $1,092,500
  • Assessed Improvements Value: $2,067,100

    Sales

  • Current Sale Recording Date: May 15, 2013
  • Current Sale Transaction ID: 1051231835
  • Current Sale Price: $2,250,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 102718
  • Previous Sale Recording Date: May 15, 2013
  • Previous Sale Amount: $2,250,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: 197 MAIN ST RT
  • First Mortgage Transaction Date: May 15, 2013
  • First Mortgage Loan Amount: $2,130,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: 197 MAIN STREET RT
  • Previous Mortgage Transaction Date: May 15, 2013
  • Previous Mortgage Loan Amount: $2,130,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Middlesex



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 197 Main Street located in?
The 197 Main Street is a located in the neighborhood of North Reading in Middlesex, North Reading.
What is the average sales price for listings in 197 Main Street?
The average sales price for units in 197 Main Street is $0 currently.

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