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5 Gowing Ln, North Reading, MA, 01864

4beds
3baths
4,200sqft
$1,899,900
$452price/sqft
$12,488/moest. monthly cost
$499,520/yrincome needed

About This Home

NEW CONSTRUCTION!! SAMPLE PHOTOS A very private setting. 3 homes designed and built on a private lane within all the goings on in North Reading! few minutes to elementary, middle and high school fields!! A quick bike ride to Ipswich River Park or Harold Parker State Forest. North Reading is a commutable city, by train from Reading to Boston or all major highways within minutes!! You will love our town, the warm friendly feeling to the robust town meetings where voters decide the fate of the town you want!! Plenty to do with open space, places to fish, or boat or play ball!! Drive through our community and enjoy mom & pop stores. home will consist of 4200 sq. ft. - 4plus bedrooms, 2 1/2 baths and a 2 car garage all situated on over 40,000 sq. ft. Meet with our kitchen designer - Hardwood floors, Cafe' appliances or equiv.; built by a master home builder. Occupancy around Thanksgiving. Reservations are for 14 days with a $5000 refundable deposit

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

8/10
L D Batchelder SchoolGrades K-50.3 mi
8/10
9/10
North Reading High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame,Conventional (2x4-2x6)

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Range,Dishwasher,Plumbed For Ice Maker
  • Laundry features: Gas Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Door features: Insulated Doors
  • Window features: Insulated Windows
  • Flooring: Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 4,200

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,200
  • Total interior livable area: 4,200 sqft

Living Room

  • Level: First

Property

Details

  • Parcel number: M:053.0 B:0000 L:0032.0
  • Zoning: RA
  • Foundation area: 123456

Features

  • Patio & porch: Porch,Deck
  • Exterior features: Porch,Deck,Professional Landscaping

Lot

  • Lot size: 0.92 Acres
  • Features: Wooded,Cleared

Parking

  • Total spaces: 6
  • Parking features: Attached,Paved Drive,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,606$115,272
Home Insurance *$455$5,460
Property Taxes $1,599$19,188
Electricity $828$9,938
Total$12,488$149,856
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$428,160/yr
40% on housing$374,640/yr
45% on housing$333,013/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$452This listing

vs Other Active Listings

Avg $/sqft

ZIP 01864$316
Middlesex County$437

vs Homes Sold Last Month

Median $/sqft

ZIP 01864$408
Middlesex County$413

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-27Listed for sale$1,899,900

For Sale by Agent

AgentPriscilla Fitzgerald
BrokerageFitzgerald & Associates

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