20947 Caleb Jones

Ewell, MD
$ 348,000 Beds 0 Baths 0 Sq 5,000
Monthly Estimate* How much can I afford?

Once in a lifetime commercial opportunity on Smith Island off the Tangier Sound. The Smith Island Bed and Breakfast is being offered for sale. This B&B business has a total of 4 residences the owner has successfully operated for several years. The list price is for the main house only, located at 20947 Caleb Jones Rd. This residence is 3BD, 3BA. The second guest residence is located at 4029 Tyler Rd (Oystermen's Pearl House,) has 3BD and 1.5BA and is listed for $120,000, the third guest house is located at 20805 Severn Rd (Grant's Handi-House) with 2BD, 1BA (handicap accessible) and has a list price of $80,000, and the last guest home, located at 20809 Severn Rd (Michele's House) has 3BD, 2BA (handicap accessible) and is listed for $135,000. The combined residences Innkeeper and Food service GOI is $60,400 and the 2019 expenses were: $4476 payroll, RE Taxes $1441, Workman's Comp $172, Water $100, Electric $642, Food $720, Licenses $50, Insurances $1928, and Internet $1068 for an NOI of $49,815. To take full financial advantage, it is suggested all four residences be purchased together. The B&B and guests residences are cooled by wall units and heated by baseboard, but with a temperate high of 80 degrees in the summer months, these are more than sufficient for personal comfort. ABOUT SMITH ISLAND: Smith Island is an idyllic place to put all your troubles behind and shed the elbow to elbow stress of city life. This 5 mile by 3 mile island is located in one of the most well hidden enclaves of yesteryear on the Chesapeake. Founded by Capt Smith in the 17th century, seasonal occupation by Native Americans goes back more than 12,000 years. Smith Island is rich in maritime history and is the home to the original Smith Island Cake. It's said even Bluebeard made Smith Island his occasional resting place between his pirating ventures. You'll find very few automobiles here, but a lot of golf carts and bicycles to easily get around. All trash is incinerated at the community incinerator, there is community water and home waste disposal, so no septic or well to contend with. There is NO HOA fee and NO land lease. Smith Island is a waterman's and crabbing paradise and is only accessible by ferry or private yacht across the Tangier Sound. Residents of the Island can trace their ancestry back 13 generations to England and Wales, and Smith Island is inhabited by one of the region's oldest English-speaking communities, sometimes inaccurately thought to be described as 'Elizabethan' or 'Shakespearean.' If you're looking for a place to call home, a new business venture in the hospitality profession, or as a vacation landing place like no other, then chart a course for Smith Island. There are restaurants, gas, (for your boats and few cars on the island,) rental bikes, kayaks, golf carts, and more. There is no police force on the Island but it won't take long to discover the friendliness of the islanders makes it unnecessary. There is a volunteer fire department and grade school for the tykes as well as a community center. Come, see what the Chesapeake has to offer you.

Commercial

  • Price
  • $ 348,000
  • Lot Size
  • 9,583 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 5,000
  • Full Bathrooms
  • 0
  • Year Built
  • 1900
  • Half Bathrooms
  • 0
  • City, Zip
  • Ewell
  • Taxes
  • $ 431
  • County
  • SOMERSET
  • Style
  • Bed and Breakfast
  • Area
  • Somerset West of Rt-13
  • MLS#
  • MDSO103646
  • Zip
  • 21824
Listing Provided by: Keller Williams Realty Delmarva
Data Source: Bright MLS

Features

General

Accessibility Ramp - Main Level
Business Type Bed and Breakfast
Construction Materials Stick Built
Cool Fuel Electric
Cooling Wall Unit
County SOMERSET
Days on Market 362
Heating Baseboard - Electric
Historic Y/N No
MLS Area Somerset West of Rt-13 (20-01)
New Construction No
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 240.0
Property SubType Mixed Use
Property Type Commercial Sale
Sewer Public Sewer
Subdivision Name SMITH ISLAND
Tax Annual Amount 431.0
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N Yes
Water Body Name Tangier Sound
Zoning MRC

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 7

Exterior Features

Building Area Total 1450.00
Car Parking Spaces 15
Lot Dimensions 54.00 x 180.00
Lot Size Acres 0.22
Lot Size Source Assessor
Lot Size Square Feet 9720.00
Navigable Water Y/N Yes
Total Parking Spaces 15
Type of Parking On Street
Water Body Type River
Water Oriented Y/N Yes
Water Source Public
Water View Y/N No
Waterfront Y/N No

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

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Bethesda, MD office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% 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.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/17/2020 Listed $398,000
5/17/2021 13% - $348,000

Property vs Zip Code Average in 21824

Price
AVG $350K
$350K
Taxes
AVG $431
$431
Visits
AVG 314
313
Year Built
AVG 1900
1900

Map

20947 Caleb Jones Ewell, MD is a Single Family Home for sale at $348000 with 5000 sqft and a lot size of 9,583 SqFt Acre(s). 20947 Caleb Jones Ewell has 0 bedrooms, 0 baths and was built in 1900. The property's zip code is 21824 which is in Ewell, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% 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.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.