506 Central Avenue
Ridgely, MD, 21660 $ 385,000
Bedrooms3 Baths1.0 Sq 1,370 Monthly Estimate*
$ 2,431
for $385,000 with 3 bedrooms and 1 full bath. This 1,370 square foot home was built in 1880 on a lot size of 0.21.
Historic Home + Separate Buildable Parcel with Investment Potential! Step back in time while enjoying the flexibility and possibilities this unique Main Street property offers. Built in 1880, this 3-bedroom, 1-bath home offers approximately 1,370 sq. ft. and retains original character throughout, including original hardwood flooring beneath carpeting in portions of the home. The sale includes two separate, individually deeded parcels being offered together, providing an adjoining 0.21-acre buildable parcel with plenty of potential. The property also features a large one-car garage with workshop space and a shed. Whether you're looking for a place to call home, a restoration project, an investment opportunity, or additional land for future plans, this property offers options. A buyer can simply move in, enjoy the home as it is, and make it their own over time, or take advantage of the additional parcel and explore future possibilities for expansion, construction, or investment, subject to applicable approvals. Situated on Main Street at a highly visible, high-traffic intersection, the property may also offer potential for future commercial use. The current owners have requested consideration of a commercial zoning overlay as the town develops its new comprehensive plan. Any future zoning, commercial use, development, subdivision, or building opportunities are subject to town approval, applicable zoning regulations, and all required permits and approvals. Additional parcel: MLS #MDCM2006810 A rare opportunity to own a historic home with an adjoining, separately deeded parcel and the flexibility to enjoy it today while considering its possibilities for tomorrow.
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FeaturesGeneralLiving Area 1370
Sewer Public Sewer
Heating Forced Air
Cooling Window Unit(s)
Possession Settlement
Roof Shingle
Appliances Oven/Range - Electric Refrigerator
Zoning R1
Garage Spaces 1.00
Architectural Style Farmhouse/National Folk
Construction Materials Vinyl Siding
School District CAROLINE COUNTY PUBLIC SCHOOLS
Year Built 1880
View Street
Levels 2
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality Ridgely
Accessibility None
Additional Parcels Description Adjoining Lot included
County CAROLINE
New Construction N
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 1
Status ACTIVE
Directions Second lot from the corner of Central Ave and Ridgely Rd
City RIDGELY
Senior Community Y/N N
Lot Size Units Square Feet
Lot Size Square Feet 9000.00
Tax Annual Amount 2524.0
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 281.02
Additional Parcels Y/N Y
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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InteriorInterior Amenities Attic
Heating Fuel Oil
Flooring Carpet Hardwood
Total Fireplaces 1
Fireplace Features Other
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 1370
Half Baths 0
Central Air Y/N N
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Laundry Type Main Floor
Above Grade Finished Area Unit Type Square Feet
Total Baths 1
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ExteriorExterior Amenities Sidewalks
Pool No Pool
Lot Features Additional Lot(s) Road Frontage
Water Source Community
Garage Features Other
Type of Parking Detached Garage On Street
Foundation Details Crawl Space
Water View Y/N N
Lot Size Acres 0.21
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 56900.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList Byallieonshore@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,431
- Monthly Property Taxes
- $210
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Ridgely, MD
Average List Price $405,260
Percent of Sale Price 5%
About Ridgely, MD 1,601 Population
23% Since 2002
$ 53,762 Median Income
35.6 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
3535583 Elementary School
3535264 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/13/2026 | $385,000 | | Listed Price |