$1,400,000
$1,499,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,608 SqFt
SOLD DATE : 05/14/2021
Key Details
Sold Price $1,400,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,608 sqft
Price per Sqft $870
Subdivision Orchard Beach
MLS Listing ID MDAA435972
Sold Date 05/14/21
Style Cape Cod
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,608
Originating Board BRIGHT
Year Built 1955
Annual Tax Amount $11,424
Tax Year 2021
Lot Size 0.710 Acres
Acres 0.71
Property Description
Generate income and achieve the ultimate Annapolis waterfront lifestyle on Mill Creek. Enjoy quick access by boat to the Chesapeake Bay and the Severn River. A waterfront opportunity like this rarely comes to market! Orchard Beach Marina has 17 fully-leased slips that generate over $75,000 in annual gross revenue! Renovate the existing cottage or build your dream custom waterfront home on this (.71) acre waterfront property with stunning panoramic views of Mill Creek and protected deep water access (10ft MLW). Recent upgrades include two new nitrogen septic systems and two new wells with water treatment system. State of the art floating dock, new electric service and water service to pier. New bath house with shower and garage/work shop. Separate Marina office with storage below. Matt paver system under the parking and driveway area is designed to support heavy equipment. There is also the ability to run a commercial repair business on the property as part of the continued non-conforming status. Architectural plans available for a new 3,500 SQFT home and the recently installed septic system will help to expedite the permit process. Permits can be renewed for the redevelopment. This is the perfect location for a VRBO or Airbnb vacation rental home, generate income from not only the marina but also the residence. This property is located in the Broadneck school district and it is a great location for quick access to Downtown Annapolis, heading over the Bay Bridge to the Eastern shore or jumping on Rt. 50 to get back to Washington, DC. Don't let this positive-cash-flow waterfront investment opportunity slip away! Be sure to view the video tour.
Location
State MD
County Anne Arundel
Zoning R1
Rooms
Basement Side Entrance
Main Level Bedrooms 2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Utilities Available Electric Available
Waterfront Description Boat/Launch Ramp
Water Access Y
Water Access Desc Boat - Powered,Sail,Personal Watercraft (PWC),Fishing Allowed,Canoe/Kayak
View Marina, Water, Creek/Stream
Accessibility Other
Garage N
Building
Lot Description Rip-Rapped, SideYard(s)
Story 1
Sewer On Site Septic
Water Well
Architectural Style Cape Cod
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Windsor Farm
Middle Schools Severn River
High Schools Broadneck
School District Anne Arundel County Public Schools
Others
Senior Community No
Tax ID 020300033304800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Horse Property N
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Shane C Hall • Compass
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