41 Otis Street, Danvers MA 01923
Danvers, MA 01923
$1,099,900
Est. $6,528/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Property History
Property Timeline
Listed for Sale
Sep 16, 2026
$1,099,900
Original listing
Agent: Luciano Leone Team
Office: RE/MAX 360
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/16/2026 | 🏠 Listed for Sale | $1,099,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,200 | $837,100 |
Financial Details
Annual Property Tax
$9,200
Tax Year 2025
Assessed Value
$837,100
Facts & Features
Home Facts
Type
Land
Style
Residential
Lot Size
0.66 acres
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Utilities
Electric
On-site
Water
Public
Sewer
Public Sewer
Gas
On-site
Other
None
Financial
Annual Tax
$9,200
Assessed Value
$837,100
MA Disclosures
Seller Disclosures
Sellers/agent Make No Warranties/representations On Systems/structure Condition And Potential Redevelopment Of Land. Buyers/agents To Use Due Diligence To Verify All Info Herein. Recent Upgrades: Windows (2016), Furnace (2015), Wh (2012).
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Property Type
Residential
Listing Type
For Sale
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level, Corner Lot
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$767
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
41 Otis Street, Danvers MA 01923
Danvers, MA 01923
Listing Information
Listing Agent
Luciano Leone Team
Listing Office
RE/MAX 360
Office Phone
978-535-3122
Agent MLS ID
TM300442
Office MLS ID
AN8815
Listing Data Updated
Sep 16, 2026 4:27 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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