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Under Agreement · PendingListed 49 days ago

$1,099,900

41 Otis Street, Danvers, MA 01923

2
beds
2
baths
1,629
sqft
Lot sizeThe land that comes with the home, as reported to the MLS.
0.66 acres
Year builtThe year the building was originally built, as reported by the listing agent.
1955
On the marketDays since the home was listed. New listings tend to move fastest.
49 days ago
Property type
Single Family Residence
Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
$675
ParkingSpaces that come with the home, as reported to the MLS.
3 spaces
Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
$9,200

3D tour

Provided by the listing agentOpen on iGuide

What’s Special

  • Workshop in Garage
  • In Basement

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.

Listing courtesy of Luciano Leone Team, RE/MAX 360 · MLS PIN #73578410

Facts & Features

Status
Under Agreement
Active status flag
Pending
Bedrooms
2
Bathrooms
2 full
Living area
1,629 sqft

Interior

3
  • Lighting - Overhead
  • Office
  • Kitchen

Exterior

3
  • Rain Gutters
  • Storage
  • Sprinkler System

Parking

7
  • Detached
  • Garage Door Opener
  • Storage
  • Workshop in Garage
  • Paved Drive
  • Off Street
  • Paved

Laundry

5
  • Electric Dryer Hookup
  • Exterior Access
  • Washer Hookup
  • Lighting - Overhead
  • In Basement

Heating

3
  • Baseboard
  • Hot Water
  • Natural Gas

Cooling

1
  • Window Unit(s)

Appliances

5
  • Water Heater
  • Range
  • Disposal
  • Refrigerator
  • Gas Cooktop

MLS PIN #73578410 · Listed September 16, 2026

Location

41 Otis Street, Danvers · All Danvers homes

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Call (978) 809-1685
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.