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8565 Main StreetEllicott City, MD 21043Price: $499,000

  • Price: $499,000
  • 1195 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $499,000List Price
  • 1Acreage

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LOI ACCEPTED. Seller negotiating PSA -- 09/01/22. Included in this property sale are the former Mt. Zion United Methodist Church and the adjacent parsonage. Located in Historic Ellicott City, the church is a small two-story facility with a large multi-purpose room on the upper level, and a smaller multi-purpose room and restrooms on the main level. There are aging window AC units (which a buyer should plan to replace with more efficient models), and the fuel oil boiler will be inspected by the seller before sale. It is possible that the church could be converted into a residence. Please contact the county for information. The parsonage is a small colonial-style farmhouse. Some renovations have recently been undertaken, but the house needs additional work. It is currently occupied by long-term tenants on a month-to-month lease. The parsonage and church share a single water line. Though the church has suffered previous flood damage, the seller has no knowledge of flood damage to the parsonage. There is a paved parking lot behind the church, and the shared driveway has a right of way easement with two neighboring properties. The small cemetery is not part of the two parcels that comprise the property (it is separately maintained by another church). Because the seller has limited information on the property, it is sold as is, but the seller encourages buyers to undertake a full inspection. No lease option. Seller financing may be available with a full-price offer. Terms: 33% down, 8% interest amortized over 20 years, five-year balloon. The property has been priced to reflect the need for updates. Zoning is residential and supports very few commercial uses. Please consult planning and zoning for specific questions.

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Listed by Stephen J Ferrandi of PraiseBuildings Religious Property

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