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Guillermo A Molina Jr

info@theomteam.com +1(978) 360-3441

$ 1,099,900

Est. payment | -/mo

2 Beds

2 Baths

1,629 SqFt

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$ 1,099,900

Est. payment | -/mo

Save Virtual Tour

2 Beds

2 Baths

1,629 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,629 sqft

Price per Sqft $675

MLS Listing ID 73578410

Style Ranch

Bedrooms 2

Full Baths 2

HOA Y/N false

Year Built 1955

Annual Tax Amount $9,200

Tax Year 2025

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type Single Family Residence

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.

Location

State MA

County Essex

Zoning R1

Direction Corner of Otis St and Pine St

Rooms

Family Room Flooring - Vinyl, Lighting - Overhead

Basement Full, Finished, Walk-Out Access, Interior Entry, Sump Pump

Primary Bedroom Level Main, First

Main Level Bedrooms 1

Dining Room Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan

Kitchen Flooring - Vinyl, Exterior Access

Interior

Interior Features Lighting - Overhead, Office, Kitchen

Heating Baseboard, Hot Water, Natural Gas

Cooling Window Unit(s)

Flooring Tile, Vinyl, Hardwood, Flooring - Vinyl, Flooring - Stone/Ceramic Tile

Appliance Water Heater, Range, Disposal, Refrigerator, Gas Cooktop

Laundry Electric Dryer Hookup, Exterior Access, Washer Hookup, Lighting - Overhead, In Basement

Exterior

Exterior Feature Rain Gutters, Storage, Sprinkler System

Garage Spaces 1.0

Fence Fenced/Enclosed

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

Utilities Available for Gas Oven, for Electric Dryer, Washer Hookup

Roof Type Shingle

Total Parking Spaces 4

Garage Yes

Building

Lot Description Corner Lot, Additional Land Avail., Level

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Ranch

Schools

Elementary Schools Great Oak

Middle Schools Holten Richmond

High Schools Danvers High School

Others

Senior Community false

Virtual Tour https://unbranded.youriguide.com/41_otis_st_danvers_ma

Listed by RE/MAX 360

NEARBY SCHOOLS & PROPERTIES

+1(978) 360-3441

info@theomteam.com

190 State Street Unit 5, Newburyport, MA 01950, United States

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41 Otis Street Danvers, MA 01923