201 MILL STREET Cambridge, MD, 21613
$ 280,000Bedrooms Baths0.0 Sq 0
for $280,000. This building was built in 1903 on a lot size of 1.86 Acre(s).
Historic "Academy School", built in 1903 and served as a public elementary school for many decades, 1.86 acre lot located near the Choptank River and downtown Cambridge in Historic West End District. Professionally designed plans on file for rehab of the structurally sound building into 8 senior citizen condos and a new detached building with 15 units and club house. Buyer may have and use these plans for approval, which had prior approval from City, now expired. Approved for 250K Federal Historic Tax Credit, subject to minor conditions, transferable to buyer. Once approved for 287K MD Historic Tax Credit, now expired, re-application allowed Aug, 2019. Subject to pending rezoning request for multi-family residential use, which has been well received.
Flooring Wood Floors
Sewer Public Sewer
Water Source Public Water
Lot Description Corner Historic
Road Frontage County Road
Miscellaneous* Excluded Features
Accessibility Level Entry
List By Sharon Real Estate P.C.
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% 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.
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Commerical listings in Cambridge, MD
Average List Price $569,638
Percent of Sale Price 103 %
About Cambridge, MD
10 % Since 2002
$ 35,296 Median Income
38.53 Median Age
27 % Households with Children
DORCHESTER COUNTY PUBLIC SCHOOLS School District
SANDY HILL Elementary School
MACE'S LANE Middle School
CAMBRIDGE-SOUTH DORCHESTER High School