NOT LISTED FOR SALE

8900 Fairlee Rd Chestertown, MD 21620

Estimated Value: $235,000 - $329,000

4 Beds
2 Baths
2,188 Sq Ft
$121/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $212,000 $97 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,535/month

76 Days on Market

About This Home

As of August 2023

Two apartment dwelling sited on 2.51 acres zoned Village offers town water/sewer with units served with separate electric meters. The large spacious open area behind the dwelling offers great potential for possible development ...details for same need to be researched with county planning and zoning.

Last Agent to Sell the Property

Debbie Meikle

Doug Ashley Realtors, LLC License #88750 Listed on: 04/18/2023

Last Buyer's Agent

sharon palm

RE/MAX Chesapeake License #665655

RE/MAX Chesapeake

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,731

Year Built

  • Built in 1900

Lot Details

  • 2.51 Acre Lot
  • Open Lot

Home Design

  • Duplex
  • Converted Dwelling
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,188 Sq Ft Home
  • Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Off-Street Parking

Utilities

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

Community Details

  • 2 Units
  • Fairlee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1506010768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,731

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Slab
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 2188
  • Living Area Sq Ft: 2188
  • Price Per Sq Ft: 96.89
  • Above Grade Finished Sq Ft: 2188
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8900

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Off Street

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: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: 110
  • Lot Features: Open
  • Lot Size Acres: 2.51
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 109336.00
  • Year Assessed: 2022
  • Zoning: V
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Total Actual Rent: 20400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1731.00
  • Assessor Parcel Number: 1506010768
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/03/2023

MLS Schools

  • School District Name: KENT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Aug 3, 2023
Sold by
Gorsuch David Lee and Gorsuch Donald Lee
Bought by
Hendrickson Benjamin John and Johnston Brenna Mary
Seller's Agent
Debbie Meikle
Doug Ashley Realtors, LLC
Buyer's Agent
sharon palm
RE/MAX Chesapeake
List Price
$212,000
Sold Price
$212,000
Views
309
Current Estimated Value
$249,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,763
Avg. Annual Appreciation
11.87%
Original Mortgage
$208,160
Outstanding Balance
$201,861
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$63,754

Purchase Details

Closed on
Oct 26, 2015
Sold by
Gorsuch Grace A and Gorsuch Donald L
Bought by
Gorsuch Donald Lee and Gorsuch David Lee

Purchase Details

Closed on
Apr 16, 1980
Sold by
Loller Sudler and Loller Annie
Bought by
Gorsuch Grace Audrey
Source: Public Records

Range of Values:

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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
Hendrickson Benjamin John $212,000 Kirsh Title
Gorsuch Donald Lee -- None Available
Gorsuch Grace Audrey $13,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hendrickson Benjamin John $208,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $212,000 0.0% $97 / Sq Ft
05/12/2023 05/12/23 For Sale $212,000 0.0% $97 / Sq Ft
05/06/2023 05/06/23 Off Market $212,000 -- --
04/18/2023 04/18/23 For Sale $212,000 -- $97 / 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 $2,019 $178,000 $0 $0
2024 $1,872 $165,100 $73,100 $92,000
2023 $1,731 $159,567 $0 $0
2022 $1,731 $154,033 $0 $0
2021 $1,673 $148,500 $73,100 $75,400
2020 $1,673 $147,533 $0 $0
2019 $1,662 $146,567 $0 $0
2018 $1,651 $145,600 $73,100 $72,500
2017 $1,651 $145,600 $0 $0
2016 -- $145,600 $0 $0
2015 $1,711 $145,600 $0 $0
2014 $1,711 $145,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDKE2002610

Bright MLS

APN: 06-010768