Skip To Content
    Return to Previous Page

    20947 Caleb Jones

    EWELL, MD 21824
    • $398,000
    • STATUS: Active
    • ON SITE: 135 days
    • ID#: MDSO103646
    UPDATED: 41 min ago
    $398,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    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.

    Monthly Payment Calculator



    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-31T14:51:27.75.
    dmv.thereduxgroup.com/homes/106928880
    Print Image

    20947 Caleb Jones EWELL, MD 21824

    • Price: $398,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: MDSO103646
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1900
    Built
    Neighborhood:
    Smith Island
    County:
    Somerset
    Area:
    Somerset West Of Rt-13 (20-01)
    School District:
    Somerset County Public Schools
    Property Description
    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.
    Exterior Features

    Construction Materials Stick Built Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN Yes Water Body Name Tangier Sound Water Body Type River Water Oriented YN Yes Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 1450.00 Cooling Wall Unit Heating Baseboard - Electric Heating YN Yes Net Square Feet 5000.00

    Property Features

    Accessibility Features Ramp - Main Level Assessment Year 2020 Association YN No Business Type Bed And Breakfast Central Air YN No Cooling Fuel Electric Heating Fuel Electric Historic YN No Hot Water Electric Navigable Water YN Y New Construction YN No Number Of Units Total 0 Operating Expense Includes ElectricHeating/CoolingInsuranceLandscapingRepair/MaintenanceSewerTrashWater Original MLSNumber 304170769965 Owner Pays All Utilities Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 431.00 Tax Assessment Amount 38800.00 Tax Lot 0 Vacation Rental YN No Water Source Public Zoning Mrc

    Listing courtesy of Keller Williams Realty Delmarva.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-31T14:51:27.75.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304170769965-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304170769965-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304170769965-2.jpg
    Logo
    The Redux Group | Keller Williams
    11700 Plaza America Dr. Suite 150
    Reston VA, 20190