Under Agreement
41 Otis St, Danvers, MA
Danvers · MA 01923
- $1,099,900
- Price
- 2
- Beds
- 2
- Baths
- 1629
- Sq. ft.
Overview
Property type:
Single Family
Year built:
Built in 1955
Lot size:
0.66 Acre Lot
Price per square foot:
$675 / Sq.Ft
Parking:
1 Garage Space
Heating & cooling:
Heat, Electric, Window AC
About this home
Your next project awaits with this amazing redevelopment opportunity! This unique property carries two buildable lots with proper frontage - Lot A: 34 Pine St, which is 16,321 sq ft and Lot B:41 Otis St, which is 12,343 sq ft - on the same deed. A plot plan is attached in the listing photos. With proper town review and approvals, along with a proposed dimensional variance there are many potential redevelopment options (up to 3-4 units) for the savvy investor. By right for development purposes, re-deeding the lots into 2 separate deeds will allow the front lot (41 Otis) a single family and ADU, and the rear lot (34 Pine a SF/duplex and ADU. A shared driveway from Otis St (by variance) is likely the best option for access to both future developments. The current owner has also reached out to the town planning director about removing part of the barrier on Pine St, if there's to be a curb cut on 34 Pine (rear lot). Whether lots are re-deeded into separate lot or left as one large lot, there are endless possibilities for this corner lot. Potential buyers may even want to live in the front home while creating their dream home on the rear lot! The home on the front lot is an airy 2BR/2BA Ranch, located in the heart of a well-established neighborhood, with proximity to all Danvers has to offer! A multitude of shops & restaurants are easily accessible, along with highways, North Shore Mall, and several schools right there. After admiring the expansive outdoor space - step inside and feel solid hardwood on your feet. Enormous living room leads to dining room and kitchen. Down the hall is a full bathroom and the primary bedroom. Head downstairs for another bedrooms, a second kitchen, full bathroom, family room and an office. Laundry room walks out to yard. Detached 1 car garage with storage. Great redevelopment and ADU potential, with proper town approvals! Buyers and agents should conduct proper due diligence to verify all info herein.
Neighborhood & Transit
41 Otis St, Danvers · MA 01923
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 49 days
- Listing Price:
- $1,099,900
- Price per Sq.Ft:
- $675
- Tax Assessment:
- $837,100 in 2025
- Taxes:
- $767 / Monthly
Home Facts
Interior Features
- Bedrooms
- 2
- Full Bathrooms
- 2
- Half Bathrooms
- 0
- Living Area
- 1,629 Sq.Ft (Includes Basement)
- Broker Disclosure about Living Area
- GLA is approximate and includes all finished, heated areas, including basement
- Kitchen
- Main Floor, Flooring - Vinyl, Exterior Access, Range, Garbage Disposal, Refrigerator
- Primary Bedroom
- Main Floor, Walk-in Closet, Flooring - Hardwood, Main Level
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- 9
- Above grade area
- 873
- Flooring
- Tile, Vinyl, Hardwood
- Lead paint
- Unknown
Utilities
- Heating Type
- Electric Baseboard, Steam, Unit Control
- Heating Zone
- Unknown
- Cooling
- Window AC
- Cooling Zones
- 1
- Water
- City/Town Water
- Sewer
- City/Town Sewer
- Electric Features
- Circuit Breakers
Exterior Features
- Lot Size
- 28,662 Sq.Ft
- Lot Description
- Corner Lot, Paved Drive, Additional Land Available, Fenced/Enclosed, Level
- Exterior Features
- Gutters, Storage Shed, Sprinkler System
Parking
- Garage Parking
- 1 Parking Space, Detached, Storage, Work Area, Garage Door Opener
- Off Street Parking
- None, Off-Street, Paved Driveway
Construction Details
- Construction Type
- Frame
- Siding
- Wood
- Roof
- Asphalt/Fiberglass Shingles
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Room details
- Living room level
- First Floor
- Living room dimensions
- 13X21
- Living room features
- Closet, Flooring - Hardwood, Main Level, Exterior Access, Open Floor Plan
- Dining room level
- First Floor
- Dining room dimensions
- 9X10
- Dining room features
- Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Main Level, Open Floor Plan
- Family room level
- Basement
- Family room dimensions
- 13X15
- Family room features
- Flooring - Vinyl, Lighting - Overhead
- Kitchen dimensions
- 11X12
- Primary bedroom dimensions
- 11X12
- Bedroom 2 level
- Basement
- Bedroom 2 dimensions
- 13X15
- Bedroom 2 features
- Flooring - Vinyl, Lighting - Sconce
- Bathroom 1 level
- First Floor
- Bathroom 1 dimensions
- 5X7
- Bathroom 1 features
- Bathroom - Full, Bathroom - With Tub, Flooring - Vinyl, Main Level
- Bathroom 2 level
- Basement
- Bathroom 2 dimensions
- 4X8
- Bathroom 2 features
- Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing information
- Listing agent
- Luciano Leone Team
- Listing office
- RE/MAX 360
- MLS PIN #
- 73578410
- Disclosure
- Sellers/agent make no warranties/representations on systems/structure condition and potential redevelopment of land. Buyers/agents to use due diligence to verify all info herein. Recent upgrades: Windows (2016), Furnace (2015), WH (2012).
- Disclosure
- GLA is approximate and includes all finished, heated areas, including basement