BEDS2
BATHS2 full
SQUARE FEET1,629
MLS#73578410
STATUSActive
PROPERTY TYPEResidential - Single Family
Property 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 Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full, Finished, Walk-Out Access, Interior Entry, Sump Pump
Cooling: Window Unit(s)
Fenced: Yes
Garage: 1
Heating: Baseboard, Hot Water, Natural Gas
Home Style: Ranch
Lot Size: 0.66 Acres
Roof Type: Shingle
Taxes: $9,200
Year Built: 1955
Amenities
Lighting - Overhead
Office
Kitchen
Rain Gutters
Storage
Sprinkler System
Feature Descriptions
Appliances: Water Heater, Range, Disposal, Refrigerator, Gas Cooktop
Building Area Total: 1629
Community Features: Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, Sidewalks
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 2
Dining Room: Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan
Electric: Circuit Breakers
Exterior: Frame
Family Room: Flooring - Vinyl, Lighting - Overhead
Fencing: Fenced/Enclosed
Flooring: Tile, Vinyl, Hardwood, Flooring - Vinyl, Flooring - Stone/Ceramic Tile
GarageY/N: Yes
HeatingY/N: 1
Kitchen: Flooring - Vinyl, Exterior Access
Laundry: Electric Dryer Hookup, Exterior Access, Washer Hookup, Lighting - Overhead, In Basement
Living Room: Closet, Flooring - Hardwood, Exterior Access, Open Floorplan
Lot Features: Corner Lot, Additional Land Avail., Level
Master Bedroom: Walk-In Closet(s), Flooring - Hardwood
Office: Flooring - Vinyl, Lighting - Overhead
Open Parking Y/N: Yes
Parcel Number: 1877630
Parking Features: Detached, Garage Door Opener, Storage, Workshop in Garage, Paved Drive, Off Street, Paved
Parking Total: 3
Road Responsibility: Public Maintained Road
Rooms Total: 9
Sewer: Public Sewer
Utilities: for Gas Oven, for Electric Dryer, Washer Hookup
Water: Public
Room Sizes
Bathroom 1: 5.00 X 7.00 Level - Main,First
Bathroom 2: 4.00 X 8.00 Level - Basement
Bedroom 2: 13.00 X 15.00 Level - Basement
Dining Room: 9.00 X 10.00 Level - Main,First
Family Room: 13.00 X 15.00 Level - Basement
Kitchen: 11.00 X 12.00 Level - First
Living Room: 13.00 X 21.00 Level - Main,First
Primary Bedroom: 11.00 X 12.00 Level - Main,First
Office: 10.00 X 12.00 Level - Basement
Local Schools
High School: Danvers High School
Middle School: Holten Richmond
Elementary School: Great Oak
Listed By / Shown By
Listed By
Agency Name: RE/MAX 360
Agent Name: Luciano Leone Team
Agency Phone: 978-535-3122
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
TOUR THIS HOME
Choose a date and time to see 41 Otis Street, Danvers, MA 01923.
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Estimate Your Payment
Estimated Payment
$ 3,535.37 per month $2,447.90 Principal & Interest $766.67 Property Tax $320.80 Homeowner's Insurance
41 Otis Street | MLS# 73578410
This single family home located at 41 Otis Street, Danvers, MA 01923 is currently listed for sale with an asking price of $1,099,900. This property was built in 1955 and has 2 bedrooms and 2 full baths with 1629 sq. ft. Search Danvers real estate on www.masiellogrouprealestate.com today.