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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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41 Otis St , Danvers, MA 01923
$1,099,900
Est. Payment: $2,444.22/mo
2 Bed
2 Bath
1629 Sqft
Status: New | Days on site: 1
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AN8815 - TM300442
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House 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.

Highlights

Listed by Luciano Leone Team , 617-905-8359 RE/MAX 360 , 978-535-3122.

Property Type

Residential

Lot/Acreage
0.66

Year Built

1955

County

Essex

Listing ID

73578410

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Water Heater, Range, Disposal, Refrigerator, Gas Cooktop
Air Cond:Window Unit(s)
Fireplaces:
Floor:Tile,Vinyl,Hardwood,Flooring - Vinyl,Flooring - Stone/Ceramic Tile
Other:
  • Additional:Lighting - Overhead, Office, Kitchen
Water:Public

Exterior Features

Lot:Corner Lot,Additional Land Avail.,Level
Garage Capacity:3
Zoning:R1
Roof:Shingle
Others:
  • Additional:Rain Gutters, Storage, Sprinkler System
Sewer:Public Sewer
Parking Features:Detached,Garage Door Opener,Storage,Workshop in Garage,Paved Drive,Off Street,Paved,Parking Spaces: 3

Open House

Upcoming Open Houses
Friday 5:00 pm - 6:00 pm Sep 18
Sunday 12:30 pm - 1:30 pm Sep 20
Principal Interest
$2,444
Taxes
$767

Home Price

$1,099,900

Loan Details

30 yrs
%

Down Payment

20%
$219,980
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Monthly Price:
$2,444.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,444.22 $766.67 $0.00 $3,210.89
Yearly $29,330.67 $9,200.00 $0.00 $38,530.67
Total $879,920.00 $276,000.00 $0.00 $1,155,920.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Danvers, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.