7 Taney StHancock, MD 21750

Property Details for 7 Taney St

Year built

1878

Lot size

0.06 AC

Property size (Sq ft)

2,520 SF

Zone code

U

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

05-026946

APU

5026946

Description

This charming 3,780 sq ft property in historic Hancock, MD, presents a unique opportunity. Previously a successful bed and breakfast, it offers five en-suite bedrooms, each with its own bathroom, ideal for continued hospitality use. The main level features three en-suite bedrooms, one with a stone fireplace, and a kitchen with a breakfast room overlooking the C&O Canal. An expansive gathering room with an attached balcony provides breathtaking canal and bike trail views. The property boasts hardwood floors throughout, laundry facilities, and secure bike storage. An ADA-certified bedroom on the main level ensures accessibility. Situated on a 0.06-acre lot, it offers direct access to the C&O Canal towpath and bike trails, with the national park running through the property. The location is convenient to Main Street and offers proximity to numerous attractions including museums, galleries, and the Western Maryland Rail Trail. The property is being sold "AS IS". This is a rare chance to own a piece of Hancock's rich history and natural beauty. The property's versatility allows for use as a single-family home or a thriving bed and breakfast.

• CAP approach

  CAP return

  Valuation

  6%

  $599,786

  6.5%

  $553,648

  7%

  $514,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $503,849

  Geo Method

  $503,849

• Alternative Use

  Use

  Valuation

  Residential

  $686,524

  Hospitality

  $628,852

  Educational

  $523,198

  Medical

  $541,191

  Retail

  $813,863

Location Insight

City

Hancock

County

Washington

State

Maryland

Latitude

39.6984

Longitude

-78.1801

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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