41 Otis StreetDanvers, MA 01923

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Ranch

Year built

1955

Living area

1,629 Sq Ft

Lot size

0.66 acres

Garage spaces

1

Parking spaces

3

Zoning

R1

Days on market

2

MLS^® Listing#

73578410

Property Features

Interior

Master Downstairs · Walk-In Closet(s) · Open Floorplan · Ceiling Fan(s)

Exterior

Rain Gutters · Storage

Appliances

Water Heater · Range · Disposal · Refrigerator · Gas Cooktop

Cooling

Window Unit(s)

Heating

Natural Gas · Baseboard · Hot Water

Flooring

Tile · Vinyl · Hardwood

Basement

Full · Finished · Walk-Out Access · Interior Entry · Sump Pump

Parking

Paved · Detached · Garage Door Opener · Storage · Workshop in Garage · Off Street

Laundry

Electric Dryer Hookup · Washer Hookup · In Basement

Lot features

Corner Lot · Level

Construction

Frame

Foundation

Block

Roof

Shingle

Other structures

Storage

Community

Tennis Court(s) · Park · Golf · Sidewalks

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Great Oak

Middle

Holten Richmond

High

Danvers High School

Financial Details

HOA

None

Annual taxes

$9,200Tax year 2025

Assessed value

$837,100

Parcel number

1877630

Directions

Corner of Otis St and Pine St

• SEP18Friday, Sep 185:00–6:00 PMAdd to calendar
• SEP20Sunday, Sep 2012:30–1:30 PMAdd to calendar