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$439,000

Beds
3
Baths
2.0
sq ft
1,752

10819 Shanktown Rd, Big Pool, MD 21711

10819 Shanktown Rd

BIG POOL, MD 21711

  • 48 days on market
INVESTOR'S DELIGHT – CASH FLOW & GROWTH OPPORTUNITY This unique 6.25-acre property, located in a pristine and highly desirable area bordering Fort Frederick State Park, presents a rare opportunity for investment, development, and growth. Surrounded by natural beauty, this versatile property offers diverse possibilities, from a private retreat to a range of business ventures. Situated just a mile from Interstate I-70 and close to Big Pool Lake and Whitetail Ski & Golf Resorts, the property promises both convenience and serenity. Property Features: Renovated Single-Family Home: The home sits on beautifully maintained grounds with a recently installed new foundation beam, roof, siding, gutters, and an upgraded electric panel. A secure main gate and two side gates, along with a freshly painted fence, offer privacy and charm. Interior Enhancements: The spacious living room, front room/office, and adjacent family room feature newly renovated wood details and upgraded chimneys, exuding warmth and character. A spacious sitting room precedes the master bedroom on the upper floor, adding a cozy retreat within the home. System Updates: Newly installed plumbing and electrical updates were completed by a licensed electrician, and the upgraded septic system has been cleaned and serviced for efficiency. The home also includes a split electric system for upstairs and downstairs climate control. Modern Infrastructure: A new gravel driveway (installed in August) and paved access on both sides of the property enhance accessibility. Recently installed metal gates line the property, and a survey map outlines clear boundaries and features. Outbuildings: A newly painted workshop/shed with updated electric connectivity includes an electrical compressor, cabinets, and shelving, while the two-level barn and secondary entrance storage shed offer substantial additional space. All three structures feature durable metal roofs. Pest and Termite Control: A termite control system has been professionally installed, and the property has been cleared of surrounding vegetation, enhancing curb appeal and safety. Natural and Recreational Amenities: Scenic Pond: A large pond stocked with fish lies just behind a tranquil, forested area with walking trails, providing a serene backdrop for events such as weddings, wellness retreats, and gatherings. The scenic setting, with trees and expansive green space, is perfect for outdoor activities and hosting events. Environmental Conservation Zone: The property is within a conservation zone, ensuring the preservation of its natural surroundings and safeguarding against future development. The location across from Fort Frederick State Park offers a protected environment perfect for nature enthusiasts and hunting groups. Renovation Highlights: Partially Renovated Home: This charming residence includes an operational wood stove and a split electric system in excellent condition. Renovations include the master bedroom, walk-in closet (flexible as a bedroom or TV room), and two bathrooms ready for finishing touches. Original Charm and Upgrades: The kitchen includes a cook-stove and washer/dryer hookups, while the living room and office retain original wood floors, offering timeless appeal. New wood ceilings in the family room and office add warmth and luxury. Investment Potential: With its prime location, upgraded infrastructure, and natural beauty, this property is an ideal investment for those seeking cash flow opportunities through rentals, Airbnb, wellness retreats, or event spaces. The expansive grounds, coupled with modern amenities and serene surroundings, make it a versatile property for both personal and business use. Don’t miss this incredible opportunity to own a property with diverse potential in a stunning location. Contact us today to schedule a viewing!

Details

Property type

Single Family Residence

Est. home value

$234,156

Lot size

6.21 acres

Price per sq ft

$251

Year built

1850

Annual property taxes

$1,863

HOA

No

Price History

11/08/2024
Bright

Bright #MDWA2025402

Listed
$439,000
+34.66%
06/15/2023
Bright

Bright #MDWA2014078

Sold
$326,000

Schools & Community

Elementary school: 

CLEAR SPRING

Middle school: 

CLEAR SPRING

High school: 

CLEAR SPRING

School district: 

WASHINGTON COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Middletown Valley Bank

Loan start date

June 2023

Original loan amount

$80,000

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Purchase Money Mortgage

Seller

Darjan Development Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 6:45 AM

Listing updated: 12/10/2024 at 12:14 AM

Listed by: Alena Kirillov, RE/MAX Plus Phone #: (301) 882-7567

MLS: Bright #MDWA2025402

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Tomo Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2024 Bright MLS. All rights reserved.