38200 Wilmer Palmer Road Avenue, MD ^$ 550,000

38200 Wilmer Palmer Road

^$ 550,000

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38200 Wilmer Palmer Road

Avenue, MD, 20609

^$ 550,000

Studio Baths0.0 Sq 2,025

Monthly Estimate*

^$ 3,655

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Studio

Commercial Property for sale in Avenue, MD

for $550,000. This 2,025 square foot building was built in 1896 on a lot size of 3.12.

This is the purchase of a historic St. Mary's County Property, the Wilmer Palmer House and Palmer's Marine Railway. The house, on St. Patrick's Creek, was built using mill sawn clapboard, narrow cement piers, and mass produced, two over two double hung sash windows in 1928 according to Historic Records (tax assessment states 1896). This residential/commercial property can be restored to the historic home or start your commercial business on the water with almost 900 foot of waterfrontage, two piers, 2 marine railways, on St. Patrick's Creek.

Commercial Active

Price

^$ 550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,984

Style

Marina,Restaurant/Bar,Bed and Breakfast

Lot Size

3.12

Year Built

1896

Town/City

Avenue

County/Region

Saint Marys

MLS | Web ID

MDSM2013390

Features

Interior

Heating Fuel Oil

Hot Water Electric

Heating Y/N Y

Street Suffix ROAD

Central Air Y/N N

General

Sewer Holding Tank

Heating Baseboard - Hot Water

Cooling Window Unit(s)

Utilities Electric Available

Possession Settlement

Zoning CM

Construction Materials Frame

Year Built 1896

View Creek/Stream

Property SubType Mixed Use

Tax Year 2023

Percent Ownership Fee Simple

Cool Fuel Electric

Business Type Marina Restaurant/Bar Bed and Breakfast

Accessibility None

County SAINT MARYS

New Construction N

Property Type Commercial Sale

Subdivision Name NONE AVAILABLE

Water Access Y/N Y

Status ACTIVE

Directions Rt 242 to Hatchet Thicket Road to Right onto Golden Thompson to right onto Wilmer Palmer to end.

City AVENUE

Buyer Agent Compensation 2.5

Disclosures Historic Property Lead Based Paint - Federal Lead Based Paint - State Prop Disclaimer

Total Units 1

Lot Size Square Feet 135907.00

Waterfront Y/N Y

Street Name WILMER PALMER

Tax Annual Amount 3984.0

Property Condition Major Rehab Needed

Price Per Sq Ft 271.6

Historic Y/N Y

Vacation Rental Y/N N

Days on Market 345

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type % Of Gross

Exterior

Water Source Well

Type of Parking Driveway

Foundation Details Pilings

Water View Y/N Y

Building Area Total 2025.00

Lot Size Acres 3.12

Water Body Type Creek

Lot Size Units Square Feet

Lot Size Source Assessor

Water Access Features Private Access

Number of Docks 2

Land Assessed Value 357900.00

Navigable Water Y/N Y

Number of Slips 2

Water Oriented Y/N Y

Internal Only

Street Number 1 38200

* Excluded Features

List By

Re/Max 100

Broker

jimmyhaydenrealtor@gmail.com

Affordability Calculator

$3,987

Per Month

Monthly Principal & Interest: $3,655
Monthly Property Taxes: $332
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Avenue, MD

Average List Price ^$614,950

Percent of Sale Price 12%

About Avenue, MD

1,128 Population

5% Since 2002

^$57,058 Median Income

45.73 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
11/3/2023	$550,000	-8.33%	Price Down
6/21/2023	$600,000	-25.00%	Price Down
5/22/2023	$800,000		Listed Price

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38200 Wilmer Palmer Road, Avenue, MD, 20609 is a Commercial Property for sale at $550,000 with 2,025 sqft and a lot size of 3.12. 38200 Wilmer Palmer Road is a studio with 0.0 baths and was built in 1896. The property's zip code is 20609 which is in Avenue, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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38200 Wilmer Palmer Road

Commercial Property for sale in Avenue, MD

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