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Key Details
Sold Price $3,000,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Square Footage 1,640 sqft
Price per Sqft $1,829
Subdivision None Available
MLS Listing ID MDFR2027832
Sold Date 02/16/23
Style Other
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,640
Originating Board BRIGHT
Year Built 1860
Annual Tax Amount $19,121
Tax Year 2022
Lot Size 55.000 Acres
Acres 55.0
Property Description
This farm has two uses: It has a cell tower with four carriers with a leasing income of $152,000/year.
It also is an equestrian farm with a total of 55 acres.
The bank barn has a climate-controlled environment for a hot/cold wash stall. tack room, 10 tack lockers, grooming area, clubroom, bathroom, and washer/dryer hook-up. Two additions feature (24) 12x12 stalls with rubber mats. Water and electric are accessible.
There's a training barn with an office/tack room, feed/storage room, central matted tack area, (11) 12x12 stalls and (1) 12X14.5 stall with rubber mats and (6) with stall lights. Water and electric are accessible.
There's an attached indoor arena (60x200).
The pole barn (24x64) is on concrete.
The equestrian area was leased out for $3600 per month but not in operation at the moment.
On the southern eastern end of the property there's very old stone house which is not habitable. On the north end of the property there is a perc site for a future home.
The driveway will have a shared maintenance agreement with two other property owners,
The valuation of the property was considered on the basis of about $600,000 on the equestrian farm (7.1 % cap rate) and $2.4 million on the cell tower leases (7.1 % cap
Location
State MD
County Frederick
Zoning AGRICULTURE
Interior
Hot Water 60+ Gallon Tank
Heating Space Heater
Cooling None
Heat Source Electric
Exterior
Water Access N
Farm Horse,Pasture
Accessibility None
Garage N
Building
Story 2
Sewer Perc Approved Septic
Water Well
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Frederick County Public Schools
Others
Senior Community No
Tax ID 1123442396
Ownership Fee Simple
SqFt Source Estimated
Horse Property Y
Horse Feature Paddock, Arena, Horses Allowed, Riding Ring, Stable(s)
Special Listing Condition Standard
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Bought with Edwin G Stanfield • Long & Foster Real Estate, Inc.