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    120 Water St New Windsor, MD 21776

    Sponsored
    For Sale
    $850,000

    Colonial Mansion, Mixed-Use Potential

    Property size:
    5,242 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 120 Water St

    General Information

    Property type
    Schools
    Square Feet
    5,242 SF
    Lot Size
    38,333 SF

    Building Details

    Year Built
    1800
    Buildings
    2
    Stories
    3

    HighLights

    • Proximity to Town Parks & Recreation.
    • Less than 10 miles from Westminster, MD.
    • Excellent access to MD Route 75 and MD Route 31.
    • Use and Occupancy Certificate for Bed & Breakfast included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Hotel & Motel Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Windsor
    County
    Carroll
    State
    Maryland
    Longitude
    -77.1104698
    Latitude
    39.543219

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    FAQs

    What type of property is this?
    School - Colonial Mansion, Mixed-Use Potential
    Where is this school located?
    The property is located at 120 Water St New Windsor, MD.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Proximity to Town Parks & Recreation.; Less than 10 miles from Westminster, MD.; Excellent access to MD Route 75 and MD Route 31.
    Request Owner's contact information
    120 Water St New Windsor, MD 21776
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    New Windsor, MD 21776
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Water St New Windsor, MD 21776
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