NOT LISTED FOR SALE

112 Riverside Terrace Unit 5 Chestertown, MD 21620

Estimated Value: $242,000 - $381,000

2 Beds
1 Bath
720 Sq Ft
$393/Sq Ft Est. Value

Last Sold February 01, 2023

Last sale price $200,000 $278 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,736/month

7 Days on Market

Highlights

  • Deck
  • Combination Kitchen and Living
  • Picket Fence
  • Traditional Floor Plan
  • Cottage
  • Family Room Off Kitchen

About This Home

As of February 2023

A delightful 2 bedroom 1 bath Cottage style Condo in the quaint and quiet community of Riverside Terrace, in the heart of Historic Chestertown. Become 1 of only 10 unit owners. The unit has been extremely well-maintained. Freshened up with new paint and flooring throughout. Vinyl fencing was recently installed along with a new hardscaped patio. Easy access to town, the river, bakery, shops, waterfront dining, Washington College, and hospital. A perfect haven for weekends or year-round living. Enjoy the beautiful tree-lined streets of this colonial-era town, the Saturday farmers' market, local theater, rail for trails, and much more that Chestertown has to offer. Seller offering a 1-year Cinche Home Warranty.

Last Agent to Sell the Property

Jimmy Robinson

(410) 490-2218 jrobinson@bensonandmangold.com Benson & Mangold, LLC Listed on: 12/12/2022

Benson & Mangold, LLC

Last Buyer's Agent

Peter Heller

(410) 708-3301 pheller@cbchesapeake.com Coldwell Banker Chesapeake Real Estate Company

Coldwell Banker Chesapeake Real Estate Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,947

Year Built

  • Built in 1940

Lot Details

  • Picket Fence
  • Partially Fenced Property
  • Vinyl Fence
  • Historic Home
  • Property is zoned R-3

HOA Fees

  • $52 Monthly HOA Fees

Home Design

  • Cottage
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 720 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Ceiling Fan
  • Recessed Lighting
  • Vinyl Clad Windows
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Storm Doors

Kitchen

  • Galley Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • 1 Driveway Space
  • Gravel Driveway
  • 1 Assigned Parking Space

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Rain Gutters

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 6
  • Assessor Parcel Number 1504020561

Community Details

Overview

  • Association fees include road maintenance, snow removal, common area maintenance, insurance, reserve funds, trash
  • Riverside Terrace Community
  • Chestertown Subdivision

Additional Features

  • Common Area
  • Fenced around community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,947

Year Built

Built in 1940

Lot Details

0

HOA Fees

$52 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Condominium
  • Exclusions: Teak patio furniture
  • Historic: Yes
  • Home Warranty: Yes
  • Inclusions: Window and Floor A/C Units
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Microwave, Washer
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Kitchen - Galley, Combination Kitchen/Living, Window Treatments, Floor Plan - Traditional, Carpet, Ceiling Fan(s), Family Room Off Kitchen, Flat, Recessed Lighting, Tub Shower
  • Window Features: Vinyl Clad
  • Fireplace: No
  • Door Features: Sliding Glass, Storm
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 720
  • Living Area Sq Ft: 720
  • Price Per Sq Ft: 298.61
  • Above Grade Finished Sq Ft: 720
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Exterior Features: Gutter System
  • Road Surface Type: Gravel
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Gravel Driveway
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 625.93
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Riverside Terrace Condominium Association
  • HOA Condo Co-Op Amenities: Common Grounds, Fencing
  • HOA Condo Co-Op Fee Includes: Road Maintenance, Snow Removal, Common Area Maintenance, Insurance, Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Fencing: Vinyl, Picket, Partially
  • Improvement Assessed Value: 69200.00
  • Land Assessed Value: 55800.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 4505654
  • Tax Annual Amount: 1947.00
  • Assessor Parcel Number: 1504020561
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: KENT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2022
Closed on
Feb 1, 2023
Sold by
Anthony G Scott Gst Trust
Bought by
Spilsbury Thomas G and Farrer Susan R
Seller's Agent
Jimmy Robinson
Benson & Mangold, LLC
Buyer's Agent
Peter Heller
Coldwell Banker Chesapeake Real Estate Company
List Price
$215,000
Sold Price
$200,000
Premium/Discount to List
-$15,000
-6.98%
Views
23
Current Estimated Value
$282,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,927
Avg. Annual Appreciation
12.94%
Original Mortgage
$100,000
Outstanding Balance
$87,890
Interest Rate
5.28%
Mortgage Type
New Conventional
Estimated Equity
$195,037

Purchase Details

Listed on
Aug 22, 2018
Closed on
Oct 12, 2018
Sold by
Harrington Meghan M
Bought by
Scott Anne W and Scott Robert G
Seller's Agent
Marshall Owings
Benson & Mangold, LLC
Buyer's Agent
Jimmy Robinson
Benson & Mangold, LLC
List Price
$148,500
Sold Price
$131,500
Premium/Discount to List
-$17,000
-11.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%

Purchase Details

Listed on
Nov 20, 2016
Closed on
Jan 13, 2017
Sold by
Street Lisa Ann
Bought by
Harrington Meghan M
Seller's Agent
Robert Tacher
Coldwell Banker Chesapeake Real Estate Company
Buyer's Agent
Tracy Stone
Coldwell Banker Chesapeake Real Estate Company
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.80%
Original Mortgage
$99,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2005
Sold by
O'Donovan Stephen M
Bought by
Street Suzanne

Purchase Details

Closed on
Jun 20, 1994
Sold by
O'Donovan Stephen M
Bought by
O'Donovan Stephen M

Purchase Details

Closed on
Jun 28, 1985
Sold by
Vaughan Todd K
Bought by
O'Donovan Stephen M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Spilsbury Thomas G $200,000 Liberty Title
Scott Anne W $131,500 None Available
Harrington Meghan M $110,000 None Available
Street Suzanne $150,000 --
O'Donovan Stephen M -- --
O'Donovan Stephen M $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spilsbury Thomas G $100,000
Previous Owner Harrington Meghan M $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2023 02/01/23 Sold $200,000 -7.0% $278 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/12/2022 12/12/22 For Sale $215,000 +63.5% $299 / Sq Ft
10/10/2018 10/10/18 Sold $131,500 -11.4% -- View Prior Sale
09/18/2018 09/18/18 For Sale $148,500 0.0% --
09/17/2018 09/17/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $148,500 +35.0% --
01/13/2017 01/13/17 Sold $110,000 -8.3% $153 / Sq Ft View Prior Sale
12/01/2016 12/01/16 Pending -- -- --
11/20/2016 11/20/16 For Sale $120,000 -- $167 / 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 $2,351 $150,000 $75,000 $75,000
2024 $2,220 $141,667 $0 $0
2023 $1,947 $133,333 $0 $0
2022 $1,947 $125,000 $55,800 $69,200
2021 $3,706 $119,000 $0 $0
2020 $1,771 $113,000 $0 $0
2019 $1,663 $107,000 $62,000 $45,000
2018 $1,663 $107,000 $62,000 $45,000
2017 $1,609 $107,000 $0 $0
2016 -- $107,000 $0 $0
2015 -- $107,000 $0 $0
2014 $1,565 $107,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDKE2002186

Bright MLS

APN: 04-020561