NOT LISTED FOR SALE

112 N Queen St Chestertown, MD 21620

Estimated Value: $453,000 - $653,000

-- Bed
6 Baths
2,100 Sq Ft
$275/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $270,000 $129 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,566/month

Highlights

  • No HOA
  • Wood Siding
  • 3-minute walk to Fountain Park
  • Electric Baseboard Heater

About This Home

As of March 2019

Investment Opportunity. 5 unit apartment building. Most units have been updated with new appliances, carpet, and paint. 4 0ne bedroom and 1 two bedroom apartment. Good rental history. Located in downtown Chestertown.

Last Agent to Sell the Property

Vince Raimond

(443) 480-3286 vinceraimond@yahoo.com Doug Ashley Realtors, LLC License #647051 Listed on: 09/21/2018

Last Buyer's Agent

Richard Keaveney

(410) 708-6470 rdkeaveney@gmail.com Cross Street Realtors LLC License #662142

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,420

Year Built

  • Built in 1920

Lot Details

  • 4,114 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 2,100 Sq Ft Home
  • Metal Roof
  • Wood Siding

Unfinished Basement

  • Exterior Basement Entry
  • Sump Pump

Utilities

  • Electric Baseboard Heater
  • 120/240V
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes, repairs
  • Assessor Parcel Number 1504004426

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building
  • Chestertown Subdivision

Building Details

  • Income includes apartment rentals
  • Operating Expense $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,420

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Investment Opportunity. 5 unit apartment building. Most units have been updated with new appliances, carpet, and paint. 4 0ne bedroom and 1 two bedroom apartment. Good rental history. Located in downtown Chestertown.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished, Sump Pump
  • Total Sq Ft: 2100
  • Living Area Sq Ft: 2100
  • Price Per Sq Ft: 137.62
  • Above Grade Finished Sq Ft: 2100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 112

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: KENT COUNTY PUBLIC SCHOOLS
  • School District Key: 121139164602
  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 108300.00
  • Land Assessed Value: 252100.00
  • Lot Size Acres: 0.09
  • Lot Size Area: 4114
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4114.00
  • Year Assessed: 2018
  • Zoning: R-4
  • In City Limits: Yes

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Taxes - Real Estate, Repairs
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4504516
  • Tax Annual Amount: 5420.42
  • Assessor Parcel Number: 1504004426
  • Tax Total Finished Sq Ft: 2100
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017
  • Close Date: 03/15/2019

Multi Family

  • Gross Income: 40680.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 8000.00
  • Vacancy Allowance Rate: 75.00

MLS Schools

  • School District Name: KENT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2018
Closed on
Mar 15, 2019
Sold by
Mercer John W and Mercer Sandra Lylnn
Bought by
Vielmontgomery Properties Maryland Llc
Seller's Agent
Vince Raimond
Doug Ashley Realtors, LLC
Buyer's Agent
Richard Keaveney
Cross Street Realtors LLC
List Price
$289,000
Sold Price
$270,000
Premium/Discount to List
-$19,000
-6.57%
Current Estimated Value
$577,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,406
Avg. Annual Appreciation
12.19%
Original Mortgage
$220,000
Outstanding Balance
$195,358
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$376,792

Purchase Details

Closed on
Aug 14, 1998
Sold by
Becharof Apts L L C
Bought by
Mercer John W Iii and Sandra Lynn

Purchase Details

Closed on
Aug 29, 1997
Sold by
Allspach John A
Bought by
Becharof Apts L L C
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vielmontgomery Properties Maryland Llc $270,000 Bay East Title
Mercer John W Iii $110,000 --
Becharof Apts L L C -- --
Allspach John A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vielmontgomery Properties Maryland Llc $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $270,000 -6.6% $129 / Sq Ft
01/22/2019 01/22/19 Pending -- -- --
09/21/2018 09/21/18 For Sale $289,000 -- $138 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,203 $395,800 $252,100 $143,700
2024 $6,041 $385,433 $0 $0
2023 $5,878 $375,067 $0 $0
2022 $5,679 $364,700 $252,100 $112,600
2021 $5,657 $363,267 $0 $0
2020 $5,671 $361,833 $0 $0
2019 $5,637 $360,400 $252,100 $108,300
2018 $11,201 $360,400 $252,100 $108,300
2017 $5,420 $360,400 $0 $0
2016 -- $360,400 $0 $0
2015 $5,590 $360,400 $0 $0
2014 $5,590 $360,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vince Raimond

    Seller's Agent in 2019

    Vince Raimond

    Doug Ashley Realtors, LLC

    (443) 480-3286

    9 Total Sales

    Vince Raimond
    Section Image
  • Richard Keaveney

    Buyer's Agent in 2019

    Richard Keaveney

    Cross Street Realtors LLC

    (410) 708-6470

    20 in this area

    37 Total Sales

    Richard Keaveney
    Section Image
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Map

Source: Bright MLS

MLS Number: 1006151380

Bright MLS

APN: 04-004426

Maryland Kent County Chestertown 21620

112 N Queen St, Chestertown, MD

This home is located at 112 N Queen St, Chestertown, MD 21620 since 21 September 2018 and is currently estimated at $577,406, approximately $274 per square foot. This property was built in 1920. 112 N Queen St is a home located in Kent County with nearby schools including Kent County Middle School, Kent County High School, and Chestertown Christian Academy.

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