$385,000
$399,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
4,080 SqFt
SOLD DATE : 10/20/2023
Key Details
Sold Price $385,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,080 sqft
Price per Sqft $94
Subdivision Emmitsburg
MLS Listing ID MDFR2031374
Sold Date 10/20/23
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $4,268
Tax Year 2023
Lot Size 9,900 Sqft
Acres 0.23
Property Description
Welcome to The All American Federalist Style Main Street home! Rentals allowed OR convert to your single family home. Currently, the rooms are rented. All licenses in place. This Classic Colonial offers 3 finished levels with 6 bedrooms, 4.5 bathrooms. Hardwood flooring, carpet and upgrades. Main level enter foyer, on right of foyer is Catoctin Suite. Left of foyer is front living & dining room that walks through to large country kitchen. Attached to kitchen is laundry room and half bathroom. 2 upstairs levels feature additional bedrooms and bathrooms. 2nd Floor En-Suite Bedroom over Kitchen features new updates including: new electric panel $2100, new heater plug in bathroom, New wall-to-wall carpet $800, new floor in bathroom and refinishing of shower $600 - all as of 2022. Upper level rear porches allow views of scenic vista beyond the backyard. Private parking area for five vehicles in back with walkway through pretty, well-manicured yard to entrance of home. Property includes a separate "Carriage House" is finished with drywall and electric (no separate bathroom). Ground level side-room, and upper rear room with private balcony can be used for private short term rentals with zoning compatibility). Close to Mount St Mary's University, The National Shrine Grotto, Route 15 and Pennsylvania line.
Turn-key furnished (with exceptions). Property is sold with all interior and exterior furniture, window treatments, beds, sheets, blankets, pillows, towels, kitchen table, dishes, silverware, pots, pans, rugs, art, couches, tables, lamps, chairs, clothes washer, clothes dryer, rakes, trimmer, lawn mower, wheelbarrow, ladders, benches, fire pit, outdoor tables and chairs, etc. To replace would cost at least $10,000. (Excludes: dining room suite, personal balcony effects, 3rd floor furniture belonging to tenant table, TV dresser.) Unfurnished is an option! Make this your spacious home -or- purchase as an investment. Investor options include living in one unit as an on-site manager -or- a hands off investor has ability to have an on-site manager as tenant - or- self-entry guest stays no management on site. There is no HOA.
RENTAL INCOME SUMMARY SHEET: $775 1st floor efficiency. $600 3rd floor. $600 Master bedroom with son Dan - could be $650-700 to someone else. $560 New tenant just moved into 2nd floor front room to right of Bathroom. $300-600 mo 2nd floor Air B&B income varies. Average $500 sue b&b per mo.
$3045 per mo Second Floor En-Suite Bedroom above Kitchen has new wall-to-wall carpet, two small closets, private bathroom. It is being offered to rent at a rate of $725-750 month. At $725 per month, occupancy adds annual amount of $3,760.
The Cottage is currently used for storage. This one Room detached structure provides a quaint private space. Note, there is no en-suite bath. Access to kitchen half-bath easily offers rental possibility as an office space. Monthly rate of $500 potential income. per month potential income
$45,000 + cottage potential $6,000 year = $51,000 potential income per year
Location
State MD
County Frederick
Zoning RES
Interior
Hot Water Electric
Heating Zoned, Baseboard - Electric, Baseboard - Hot Water
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Carpet, Ceramic Tile, Hardwood, Vinyl
Heat Source Natural Gas, Electric, Natural Gas Available
Exterior
Garage Spaces 8.0
Utilities Available Above Ground, Cable TV, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available
Water Access N
View Mountain, Street
Roof Type Metal
Street Surface Access - On Grade,Approved,Black Top,Paved,Alley
Accessibility None
Road Frontage City/County, Public, State
Total Parking Spaces 8
Garage N
Building
Lot Description Cleared, Interior, Not In Development, Rear Yard, Road Frontage
Foundation Stone, Permanent
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Emmitsburg
Middle Schools Thurmont
High Schools Catoctin
School District Frederick County Public Schools
Others
Tax ID 1105167698
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock,Smoke Detector
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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