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4187 Solomons Island Road, Harwood, MD 20776
$4,500,000
4187 Solomons Island Road, Harwood, MD 20776View this property at 4187 Solomons Island Road, Harwood, MD 20776
4187 Solomons Island RoadHarwoodMD20776
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Property Description
Unique Investment Opportunity in the Thriving Senior Care Industry KW Commercial is pleased to present Country Home Assisted Living for sale (real estate and business). This 15-bed assisted living facility provides a home-like setting for its residents, including nine private rooms and six beds in three semi-private rooms. The lower level offers storage space and additional rental possibilities. Established in 1986, Country Home was the first assisted living facility in Anne Arundel County. The current owner has operated the facility since 2011. The facility has a license to provide Level 3 High Level of Care - the highest level of care license available to assisted living facilities in Maryland. Its services allow residents to age in place. It also offers hospice services. Country Home is located on 3.27 acres with a sprawling lawn and mature trees in the back. The property offers easy surface parking steps from the front door. Easy access continues with all resident rooms located on the main floor. Surrounded by rolling hills, farms, vineyards, and stately single-family homes, Harwood has a country feel, but is just minutes away from Annapolis, Edgewater, Davidsonville and other Anne Arundel County locations. Amenities include a hair salon, game room, outdoor decks, TV room, and main-level kitchen. With its cozy interiors, comfortable furnishings, and beautiful setting, this facility exudes warmth and comfort. Residents and their families appreciate the inviting environment, which fosters a sense of community and well-being. With a reputation for excellence in senior care, this facility has established itself as a trusted provider in the local community. Its commitment to personalized care and attention to detail has garnered positive reviews and word-of-mouth referrals. Its reputation has meant consistently low vacancy rates. Owner needs to do little marketing and advertising. The facility offers significant value add opportunities. Possibilities include identifying additional income sources and trimming expenses without compromising the quality of the residents' experience. For example, a new owner could: increase rates for several below-market rate rooms, institute regular room rate increases, charge for auxiliary services (such as hair salon services, incontinence supplies, and medication management), source more economical suppliers, review payroll and hiring practices to minimize overtime and make staffing more efficient, charge a non-refundable community fee for new residents, and/or lease the lower level at market rates. A new owner could also explore the potential for growth. The current owner has made many upgrades since acquiring the facility. Further upgrades could yield higher room rates and additional net operating income increases. For experienced investors, as well as those new to the senior care industry, the facility presents a rare opportunity to invest in a thriving assisted living business and desirable real estate. This turnkey operation offers the potential for significant returns and the satisfaction of providing essential services to an aging population.
Full Property Details
Full Property Details for 4187 Solomons Island Rd
General
- Price: $4,500,000
- Taxes: $17,712 (2024)
- Status: Active
- Type: Commercial
- MLS ID: MDAA2083386
- Updated: 5/3/2024
- Added to Site: 12 day(s) ago
Business
- Business Type: Other
Parking
- Total Spaces: 10
- Parking Type: Driveway
Location
- County: Anne Arundel
- Driving Directions: From Annapolis, follow Solomons Island Road to Harwood. Property is on left side.
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Septic Exists
- Water: Public
Structural Information
- Construction: Brick
- Entry Floor Number: 1
- Stories/Levels: 2
- Year Built: 1976
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 3.27
- Lot Size (Sq. Ft.): 142,441
- Lot Size Source: Assessor
- Zoning: RA
Financial Considerations
- Price Per Sq. Ft.: $603.38
- Assessment Year: 2024
- County Tax: $17,332
- County Tax Freq: Annually
- Tax w/Assessment: $1,608,667
- Tax Amount: $17,712
- Tax Year: 2024
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 2
Listed by Keller Williams Select Realtors, Hedy L Nelson
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Schools
Schools serving 4187 Solomons Island Rd
School District:Anne Arundel County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5175 Solomons Island Rd, Lothian, MD 20711 | PK-5 | 3.5 mi | |
5235 Solomons Island Rd, Lothian, MD 20711 | 6-8 | 3.7 mi | |
Southern High School
4400 Solomons Island Rd, Harwood, MD 20776 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4187 Solomons Island Rd
Date
Details
Price
Change
Source
4/26/2024
Listed
$4,500,000
429.41%
MLS
7/14/2011
Sold
$850,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4187 Solomons Island Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,332
12%
$1,587,200
10%
2022
$15,477
37%
$1,448,433
11%
2018
$11,325
-15%
$1,309,667
12%
2021
$13,293
2%
$1,170,900
2%
2020
$13,021
6%
$1,143,867
2%
2019
$12,334
2%
$1,116,833
2%
2018
$12,114
8%
$1,089,800
10%
2017
$11,219
9%
$994,133
11%
2016
$10,331
9%
$898,467
12%
2015
$9,502
-1%
$802,800
—
2014
$9,558
—
$802,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4187 Solomons Island Rd
4187 Solomons Island Road, Harwood, MD 20776 (MLS# MDAA2083386) is a Commercial property. 4187 Solomons Island Road is currently listed for $4,500,000 and was received on April 26, 2024. Want to learn more about 4187 Solomons Island Road? Do you have questions about finding other Commercial real estate for sale in Harwood? You can browse all Harwood real estate or contact a Coldwell Banker agent to request more information.