247 King George StAnnapolis, MD 21401MLS Number MDAA457752

  • Price: $4,000,000
  • Est. Mortgage of $/month
  • 38 Days on Market
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Federal 30-year interest rate: 2.97% last updated on Feb 25, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 0.48Acreage
  • 1760Year Built
  • 7185Square Feet
  • DowntownLocationType

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Just Listed! Once in a lifetime opportunity to acquire an irreplaceable, landmark property, in the heart of Historic Annapolis! For the first time in 77 years, we are pleased to present the opportunity to purchase 247 King George Street (currently used by the US Naval Academy as the "Alumni House”), along with 49 College Avenue (two contiguous parcels of land totaling 0.73 acres +/-). This is truly a spectacular property with many possibilities for a new buyer, and represents a once-in-a-lifetime opportunity to acquire one of the most sought-after pieces of real estate (and a piece of history) in the state's Capital. All structures are currently being used by the USNA AA&F for non-profit office space and affiliated affairs, however, the property could serve as an absolutely extraordinary home/family compound, B&B/Inn, etc. Located on the prominent corner of King George St. & St. Johns College, large rear patio space, perfect for entertaining or events. There is also a separate elevator-served entrance serving Ogle Hall. The Seller has requested all interested parties return a registration/NDA agreement so we may properly share all materials that have been compiled from USNA AA&F for the review and consideration of a Buyer. This includes a recent title examination/title search letter, excerpts from a recent appraisal, floor plans (*note all dimensions are approx. and should be confirmed by buyer), interior/exterior photos, expense data, MHT info, etc. The same will be provided to Buyers via a secure dropbox link upon receipt of the signed NDA. Additionally, the USNA AA&F will be relocating to their new facility on campus in the August-November 2022 timeframe, therefore would have an interest in a possible rent-back after closing until such time the new facility is complete, with terms and conditions that can be mutually agreed upon in an offer to purchase. Please note the Seller is bringing the property to the market with 'price guidance' in the $4M+ range, however will be selling the property under a 'call for offers' sale, with all offers due by February 23rd. The Seller will be selecting the highest and best offer / buyer. We will be conducting property tours over the next few weeks and would be glad to answer any questions and further discuss at your convenience. Please contact Rosso Commercial Real Estate (410-260-0903) for more information.
Listed by Eugene Parker Jr. of Rosso Commercial Real Estate Services, LLC.

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More Info

Location Information

  • ViewCity, Garden/Lawn, Courtyard, Street

School Information

  • High School DistrictAnne Arundel County Public Schools

Parking

  • Assigned Parking Spaces
  • Open Parking Spaces
  • Parking FeaturesPrivate, Surface, Brick Driveway
  • Parking TypesDriveway, On Street
  • Total Garage And Parking Spaces11

Location

  • Address247 King George St
  • Building Number247
  • CountyAnne Arundel
  • Cross StreetCollege Avenue
  • Direction FacesNortheast
  • DirectionsWhen arriving in to Annapolis via the Naval Academy Bridge / Baltimore-Annapolis Blvd. / MD-450, make a left at the light onto King George Street (second light, after crossing the Bridge). Cross the College Creek Bridge and find 247 King George Street and
  • In City Limits YNY
  • IncorporatedcitynameAnnapolis
  • StateMD
  • SubdivisionHistoric Annapolis
  • TownAnnapolis
  • Water Oriented YNN
  • Zip21401

Exterior

  • Patio And Porch FeaturesBrick, Patio(s)
  • RoofShake, Shingle

Utilities

  • Central Air YNY
  • CoolingCentral A/C
  • Cooling FuelOther
  • Electric120/240V
  • Heat SystemCentral
  • Heating FuelOther
  • Heating YNY
  • SewerPublic Sewer
  • UtilitiesElectric Available, Sewer Available, Water Available, Phone Available
  • Water HeaterElectric
  • Water SourcePublic

Basic Information

  • Association YNN
  • Broker NameRosso Commercial Real Estate Services, LLC.
  • Condo YNN
  • List Price$4,000,000
  • LocationTypeDowntown
  • MLS NumberMDAA457752
  • MLS Property TypeResidential
  • Price Per Square Foot557
  • Security FeaturesSecurity System
  • StatusACT
  • Vacation Rental YNN

Building

  • Basement
    • Daylight
    • Fully Finished
    • Heated
    • Improved
    • Interior Access
    • Outside Entrance
    • Partial
  • Basement YNY
  • Construction MaterialsBrick, Masonry
  • Elevators1
  • Entry Level1
  • Fireplace7
  • Fireplace YNY
  • GarageN
  • Garage Spaces
  • Levels3
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Property StyleColonial
  • Spa YNN
  • Square Feet7185
  • Stories3
  • Story ListMain
  • Structure Design TypeDetached
  • Year Built1760

Property Information

  • Area Total7,185
  • Municipal Trash YNY

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Tax Information

  • Assessment Year2020
  • County Tax10624
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount1581000
  • Tax Total Finished Sq Ft7,185
  • Tax Year2020
  • Taxes$22,292
  • Total Taxes Payment FrequencyAnnually

Basic Information

Property

  • Above Grade Finished Area7185
  • Acreage0.48
  • Building Sites3
  • FencingDecorative, Picket
  • Horse YNN
  • Lot Description
    • Corner
    • Front Yard
    • Landscaping
    • Road Frontage
    • SideYard(s)
    • Subdivision Possible
  • Lot Size Square Feet20,901
  • New Construction YNN
  • Property ConditionVery Good
  • Road ResponsibilityCity/County
  • Road Surface TypeBlack Top
  • ZoningC1

Interior

  • Door FeaturesDouble Entry
  • FlooringHardwood
  • Interior FeaturesElevator, Crown Moldings, Carpet, Sprinkler System, Recessed Lighting
  • Unit Floors3
  • Walls CeilingsMasonry

Amenities

  • Accessibility AmenitiesElevator, 2+ Access Exits
  • PoolNo Pool

Other

  • Additional Parcels Description49 College Avenue Map # 52A, Grid # 7, Parcel # 503 Tax ID: 06-000-02467500
  • Additional Parcels YNY
  • Ground Rent Exists YNN
  • Historic YNY
  • Other Structures ListCarriage House
  • Sale or LeaseY
  • Senior Community YNN
  • View Count1

Annapolis, MD Demographics

There is no data available

Annapolis, MD Real Estate Market Data

There is no data available

Annapolis, MD Schools

School NameDistanceTypeGrades
RE/MAX Realty Group - Gaithersburg
RE/MAX Realty Group - Gaithersburg
Office: 301-258-7757
6 Montgomery Village Avenue
STE200
Gaithersburg, MD 20879

Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. 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 RE/MAX Realty Group/100 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.Data last updated March 4, 2021. 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.

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