NOT LISTED FOR SALE
Studio
-- Bath
2,880 Sq Ft
2,688 Sq Ft Lot

Sale Details

Date Sold: January 14, 2022

Last sale price $290,000 $101 Per Sq Ft

47 Days on Market

Highlights

  • Traditional Floor Plan
  • Main Floor Bedroom
  • Victorian Architecture
  • Wood Flooring
  • Garden View
  • 4-minute walk to Fountain Park

About This Home

As of January 2022

Fantastic Investment Opportunity! Ideal investment property, located in the heart of Chestertown's Historic District, with strong demand and rental history, plus great positive cash flow. Lower level unit offers two bedrooms and a full bath, as well as hardwood floors. Upper level unit offers three bedrooms, two full baths, and a screened balcony. Two story unit offers two bedrooms and a full bath, and all units share a fenced rear yard. All three units are currently rented with year long leases.

48-Hour Notice for Showings.

Last Agent to Sell the Property

Sarah King

(410) 778-3779 sarah@csrealtors.com Cross Street Realtors LLC License #645887 Listed on: 10/31/2021

Last Buyer's Agent

Casey Scattergood

(410) 778-3779 casey@csrealtors.com Cross Street Realtors LLC License #671967

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,602

Year Built

  • Built in 1920

Lot Details

  • 2,688 Sq Ft Lot
  • Downtown Location
  • Back Yard
  • Property is in good condition

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Victorian Architecture
  • Brick Foundation
  • Plaster Walls
  • Asphalt Roof
  • Shake Siding

Interior Spaces

  • Main Floor Bedroom
  • 2,880 Sq Ft Home
  • Traditional Floor Plan
  • Garden Views
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Balcony
  • Shed
  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 1504011562

Community Details

Overview

  • 3 Units
  • 2-Story Building
  • Historic District Chestertown Subdivision

Building Details

  • Insurance Expense $2,132
  • Maintenance Expense $344
  • Operating Expense $9,234
  • Net Operating Income $24,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,602

Year Built

Built in 1920

Lot Details

2,688 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2021-11-01
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Entry Level Bedroom, Floor Plan - Traditional, Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Total Sq Ft: 2880
  • Living Area Sq Ft: 2880
  • Price Per Sq Ft: 119.44
  • Above Grade Finished Sq Ft: 2880
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Shake Siding
  • Roof: Asphalt
  • Spa: No
  • View: Street, Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split, Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Radiator, Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 1156.00
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Broadband, Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Rear Yard
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2688.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Property Condition: Good
  • Zoning: R-5
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 36000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5602.00
  • Assessor Parcel Number: 1504011562
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Gross Income: 34200.00
  • Operating Expense: 9234.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: KENT COUNTY PUBLIC SCHOOLS
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/14/2022 01/14/22 Sold $290,000 -15.7% $101 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
10/31/2021 10/31/21 For Sale $344,000 -- $119 / Sq Ft
Source: Bright MLS

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDKE2000622

Bright MLS
Your Personal Tour Guide

Ask me questions while you tour the home.