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Adam Dow

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

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76 Orchard , Cambridge, MA 02140
$2,995,000
Est. Payment: $6,655.56/mo
7 Bed
3 Bath
3441 Sqft
Status: Active | Days on site: 7
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AN2606 - NB113873
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House Description

Developers and Buyers - Rarely does an opportunity of this caliber emerge on Orchard Street— previously named by The Boston Globe "Top Spots to Live: The Best Streets in Greater Boston." Miticulously maintained and perfectly positioned between the vibrant hubs of Davis and Porter Squares, this exceptionally maintained two-family home sits on a premier 5,100 SF lot, offering a sophisticated canvas for a high-end development project with significant profit potential. The existing structure encompasses 4,366 gross SF, but the true value lies in the expansive vision for the site. Developers have the unique chance to execute a full gut renovation of the front two-family to add approximately 4,000 SF, while simultaneously constructing an additional 8,000 SF (including basement) for new luxury condos. This brings the total projected gross saleable area to a staggering 12,000 SF. With a projected resale value of $1,200 per square foot, the gross resale potential for this project reaches $14.4M. This is a chance to define luxury living on one of the region's most prestigious streets.Asking Price: $2.995M. Alternatively it would make a wonderful home for an end user looking for an ideal A+ Cambridge location with significant rental income in either unit and an expansive yard to enjoy in a home that has been exceptionally maintained by its owners, Now is the time to secure your position on Orchard Street before the rest of the market catches on. Offers reviewed when received.

Highlights

Listed by Lance Greene , 617-599-6274 Compass , 617-303-0067.

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1903

County

Middlesex

Area

Porter Square

Listing ID

73574833

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:3
  • Full Bathrooms:3
Floor:Wood,Hardwood
Water:Public

Exterior Features

Lot:Level
Garage Capacity:2
Zoning:C1
Roof:Shingle
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 2

Open House

Upcoming Open Houses
Saturday 11:30 am - 1:00 pm Sep 19
Sunday 11:30 am - 1:00 pm Sep 20
Principal Interest
$6,656
Taxes
$976

Home Price

$2,995,000

Loan Details

30 yrs
%

Down Payment

20%
$599,000
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Monthly Price:
$6,655.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,655.56 $976.00 $0.00 $7,631.56
Yearly $79,866.67 $11,712.00 $0.00 $91,578.67
Total $2,396,000.00 $351,360.00 $0.00 $2,747,360.00

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 (Cambridge, 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.