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Listed 13 days ago

401 Laurel Street

, Cambridge

$949,900

Detached|2 1/2 Storey
4 | 5 | 6
About this home

What if the home you've been dreaming about could also be the place where your dreams take shape? Welcome to 401 Laurel St. A truly rare opportunity to bring your life, your work and your vision together under one roof. Imagine waking up in a beautiful, character filled home, enjoying your morning coffee, and then simply walking into your own professional space. No commute. No separation between where you live and what you love to do. Just one extraordinary property where home, business and possibility come together. This unique legal non-conforming property offers approximately 3,000 sq. ft. of professional office/clinic space, with zoning that permits medical use, along with a finished, usable basement. Whether you've dreamed of establishing your own practice, growing an existing business, creating a professional studio or simply having the freedom to work from home in a way most people can only imagine, the possibilities here are remarkable. Then we have the home that was lovingly renovated in 2017. The approximately 2,000 sq. ft. residence beautifully preserves the character and charm that make a property like this so special. A welcoming foyer and grand staircase introduce you to soaring ceilings, natural woodwork and gorgeous high-quality Bavarian windows, creating a warmth and sense of history that is increasingly difficult to find. Maybe your next chapter doesn't require choosing between the life you want and the work you love. Maybe you can have both.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$16,714
Lot Size60 ft x 198 ft
mls© NumberX13818910
Listed ByKeller Williams Home Group Realty

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,862
Property tax
$1,393
Heat allowance
$150
Housing costs
$6,405 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $189,980
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$3,997 / mo
Cash down
$189,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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