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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.

  • Bedrooms
    2
  • Bathrooms
    2
  • Year Built
    1955
  • Architectural Style
    Ranch
  • Construction Materials
    Frame
  • Foundation
    Block
  • Garage Spaces
    1.0
  • Parking Features
    Paved, Garage Door Opener, Detached, Off Street, Storage, Workshop in Garage
  • Living Area
    1629.0
  • Interior Features
    Ceiling Fan(s), Walk-In Closet(s), Master Downstairs, Open Floorplan
  • Appliances
    Refrigerator, Range, Disposal, Gas Cooktop, Water Heater
  • Flooring
    Hardwood, Tile, Vinyl
  • Exterior Features
    Storage, Rain Gutters
  • Cooling
    Window Unit(s)
  • Heating
    Natural Gas, Baseboard, Hot Water
  • Basement
    Finished, Full, Walk-Out Access, Sump Pump, Interior Entry

  • Acres
    0.66
  • Lot Features
    Level, Corner Lot
  • Water
    Public

  • County
    Essex
  • City
    Danvers
  • Zip Code
    01923
  • High School
    Danvers High School
  • Middle School
    Holten Richmond
  • Elementary School
    Great Oak

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Frequently Asked Questions

How do I schedule a tour of 41 Otis St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 41 Otis St.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 41 Otis St?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 2 bath, listed for $1,099,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Danvers, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 41 Otis St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 41 Otis St at around $7,026. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 41 Otis St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Essex County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 41 Otis St?

In most cases, yes. Whether 41 Otis St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Danvers's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 41 Otis St?

We can handle that for you. Our preferred local agent specializes in residentials in Danvers and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,099,900 with 1,629 sqft of space—that comes out to approximately $675 per square foot.

How long has this property been on the market?

41 Otis St was listed on September 16, 2026, which means it's been on the market for 57 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1955, making it approximately 71 years old.

What is the lot size of this property?

41 Otis St sits on a 0.66-acre lot, which is 28,750 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Great Oak
  • Middle: Holten Richmond
  • High: Danvers High School

Want to see how these schools compare? Check out our Essex County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 41 Otis St?

The most recent public record shows annual property taxes for 41 Otis St were approximately $9,200. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 41 Otis St still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Property Information Network (MLS PIN). All rights reserved.

Last Updated: November 12, 2026 at 01:03AM | Source: MLS Property Information Network (MLS PIN) | MLS#: 73578410