Views
Address
532 Washington Street, Cumberland, MD
Price
$ 998,000
Property Attributes
- MLS#MDAL2006650
- TypeCommercial
- CountyALLEGANY
- CityCumberland
- AreaN Cumberland - Allegany County
- Zip21502
- StyleApartment Building
- Year Built1912
- Taxes$ 6835
- Price$ 998,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10052
- Lot Size0.34 Acres
Data Source:
Bright MLS
Property Description
A unique investment opportunity located in the Washington Street Historic District! Presenting a furnished, 4 unit property that was professionally restored and meticulously renovated. Whether youre looking to scale up your Airbnb portfolio with a manageable multi-unit property or interested in long term rental option, this stately turn-of-the-century has you covered. Built in 1912, this five-bay Colonial Revival greets you with stunning hardscaping and lush landscaping. The driveway is composed of 200 year-old rose colored granite cobblestones framed by red brick sidewalks. An open terrace stretches across the stucco facade and the enclosed colonnaded porch. The principal windows feature double-hung wooden sashes with six-over-one lights and exterior shutters. Raising your gaze, youll notice round arch windows across the front, external end chimneys, original copper gutters, and three dormers resting on the green terracotta tile roof. In 1946, the home was divided into two main residences and two smaller residences in the lower level. Through the front door, the vestibule provides access to Suites 1 and 2. You will be delighted to find original oak floors, intricate historic elements and expertly designed spaces. As you enter Suite 1, you are greeted by an open foyer with staircase and large living room with office nook. Four decorative French doors provide a captivating entrance to the light-filled dining room with intricately adorned floor-to-ceiling windows, cozy fireplace, and a pass through to the completely renovated kitchen featuring granite countertops, gas stove, and double ovens. Upstairs, the large primary bedroom provides access to a spectacular rooftop terrace. Enjoy views of Wills Mountain and the surrounding neighborhood while sitting in the shade of a towering 250 year old oak tree. Through the primary is a walk-in closet with stunning wood paneling and primary en suite bathroom. Across all four units, every bathrooms was renovated with elegant marble walls + floors, brass fixtures, marble top vanity sinks, and more. Down the hall is the first guest suite with sizable en suite. The third floor has the remaining two guest bedrooms, laundry room and full bathroom. Suite 2 welcomes you with an open foyer, elegant staircase and large living room with more of the same beautiful woodwork, French doors, and fireplace. The spacious first floor also includes a powder room, dining room and upgraded kitchen complete with granite countertops and gas stove. The second floor accommodates the oversized primary bedroom with ensuite bathroom and down the hall are the first two guest rooms and shared bathroom. The final bedroom, bathroom and laundry room can be found on the third floor. Making your way back outside and down the side stairs, a lower terrace provides access to Suites 3 + 4. Suite 3 is located at the end of the hallway and continues the theme of open foyers. A well positioned unit with a pleasant flow from dining room, kitchen, family room, bedroom and bathroom with walk-in shower. A large exterior porch spanning the entirety of the unit offers private outdoor space with beautiful views. Suite 4 is the final unit with functional kitchen, cozy family room, bedroom and full bathroom featuring a clawfoot tub/shower. Heading back outside and continuing down the stairs, the backyard was leveled and planted with hydro seed grass. Over 500 bushes were planted, eg: golden star junipers, Hollywood twisted juniper, red barberry, dwarf boxwoods, and juniper ground cover. This is a wonderful opportunity to own a historically significant property in the heart of Downtown Cumberland!
| Price History | |
|---|---|
| 7/23/2023 | Listed $1,200,000 |
| 10/3/2023 | 9% - $1,100,000 |
| 3/21/2024 | 10% - $998,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator,Baseboard - Electric |
| Cooling | Window Unit(s) |
| Utilities | Electric Available,Natural Gas Available,Water Available,Sewer Available |
| Possession | 61-90 Days CD,90-120 Days CD,120-180 Days |
| Roof | Tile,Other |
| Zoning | URBAN RESIDENTIAL |
| Security Features | Exterior Cameras,Security System |
| Construction Materials | Stucco |
| Year Built | 1912 |
| Electric | 200+ Amp Service |
| View | Garden/Lawn,Scenic Vista,Street |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building |
| Accessibility | None |
| County | ALLEGANY |
| New Construction | No |
| Property Type | Commercial Sale |
| Energy Efficient | Appliances |
| Possible Use | Apartment Building,Apartments,Bed & Breakfast,Investment,Multi-Family,Residential,Other |
| Water Access Y/N | No |
| Property Use | Investment |
| Transportation | Commuter Rail Station 1 to 5 miles |
| Status | ACTIVE |
| Directions | From I-68W,take exit 42. Keep left on ramp and follow signs for Greene Street. Drive 0.4 miles and turn left onto Fayette St. Take first right onto Washington St and follow for 0.5 miles. The home wi |
| ModificationTimestamp | 2024-03-20T21:46:04 |
| City | CUMBERLAND |
| Buyer Agent Compensation | 3 |
| Total Units | 4 |
| MLS Area | N Cumberland - Allegany County (MDAL1) |
| Lot Size Square Feet | 14720.00 |
| Tax Assessed Value | 343500.0 |
| Waterfront Y/N | No |
| Street Name | WASHINGTON |
| Tax Annual Amount | 6835.0 |
| Property Condition | Very Good |
| Price Per Sq Ft | 99.28 |
| Acceptable Financing | Cash,Conventional,Other |
| Avg. Electric Per Month | 300.0 |
| Historic Y/N | Yes |
| Vacation Rental Y/N | No |
| Virtual Tour | https://my.matterport.com/show/?m=uEWDqVLx7Z5&brand=0&mls=1& |
| Days on Market | 269 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Assessor |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Carpet,Ceramic Tile,Hardwood,Marble |
| Hot Water | 60+ Gallon Tank,Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
| Total Restrooms | 10 |
| Clear Span Ceiling Height | 8' to 10',10' to 12' |
Exterior Features
| Parking Features | Private,Paved Parking |
|---|---|
| Lot Features | Landscaping,Rear Yard |
| Water Source | Public |
| Total Parking Spaces | 8 |
| Type of Parking | Driveway,On Street |
| Land Use Code | R |
| Foundation Details | Concrete Perimeter |
| Water View Y/N | No |
| Building Area Total | 10052.00 |
| Lot Size Acres | 0.34 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Door Features | French |
| Land Assessed Value | 33300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| Car Parking Spaces | 8 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21502
Price
Taxes
Visits
Year Built
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