120 Water StNew Windsor, MD 21776
- Mixed-use properties
- 5,242 SF
Property Details for 120 Water St
- Year built
- 1900
- Lot size
- 0.88 AC
- Property size (Sq ft)
- 5,242 SF
- Zone code
- VILLA
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 11-002803
- APU
- 11002803
Description
This exceptional 5,242 sq ft, three-story Colonial mansion, known as the Atlee House, sits on a 0.88-acre lot in historic New Windsor, Maryland. Originally built circa 1800, this property boasts six bedrooms, five full bathrooms, and three half bathrooms, including a private owner's suite. Previously operating as a bed and breakfast and cafe, the property offers significant potential for various uses, including religious or educational institutions, given its permitted commercial zoning. The two buildings are vacant and ready for redevelopment. Conveniently located near Town Parks & Recreation facilities, with easy access to MD Route 75 and MD Route 31, and less than 10 miles from Westminster. An existing Use and Occupancy Certificate for a bed and breakfast may be transferable. The asking price is $850,000. This rare opportunity presents a chance to own a piece of New Windsor history.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $796,403
- 6.5%
- $735,141
- 7%
- $682,631
-
Comparable approach
- Method
- Valuation
- Relative Method
- $329,774
- Geo Method
- $329,774
-
Alternative Use
- Use
- Valuation
- Residential
- $911,575
- Hospitality
- $834,997
- Educational
- $694,708
- Medical
- $718,600
- Retail
- $1,080,657
Location Insight
- City
- New Windsor
- County
- Carroll
- State
- Maryland
- Latitude
- 39.5432
- Longitude
- -77.1104
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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