7 Taney St Hancock, MD 21750
- Investment properties
- 2,520 SF
- 0.06 lot acres
Current Use by Public Records
- Investment properties
Property Details for 7 Taney St
- Year built
- 1878
- Lot size
- 0.06 lot acres
- Property size
- 2,520 SF
- Zone code
- U
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 05-026946
- APU
- 5026946
Description
This charming 3,780 sq ft property in historic Hancock, MD, presents a unique opportunity. Previously a successful bed and breakfast, it offers five en-suite bedrooms, each with its own bathroom, ideal for continued hospitality use. The main level features three en-suite bedrooms, one with a stone fireplace, and a kitchen with a breakfast room overlooking the C&O Canal. An expansive gathering room with an attached balcony provides breathtaking canal and bike trail views. The property boasts hardwood floors throughout, laundry facilities, and secure bike storage. An ADA-certified bedroom on the main level ensures accessibility. Situated on a 0.06-acre lot, it offers direct access to the C&O Canal towpath and bike trails, with the national park running through the property. The location is convenient to Main Street and offers proximity to numerous attractions including museums, galleries, and the Western Maryland Rail Trail. The property is being sold "AS IS". This is a rare chance to own a piece of Hancock's rich history and natural beauty. The property's versatility allows for use as a single-family home or a thriving bed and breakfast.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $260,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $270,000
- Mixed-Use
- $325,000
- Hospitality
- $340,000
- Educational
- $320,000
- Residential Income
- $305,000
- Energy
- $265,000
- Income-Based Land
- $345,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Hancock
- County
- Washington
- State
- Maryland
- Longitude
- -78.1801
- Latitude
- 39.6984
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA