Address
131, 133 and 129 Flatland Road, Chestertown, MD
Price
$ 1,095,000
Property Attributes
- MLS#MDKE2003342
- TypeContingent
- CountyKENT
- CityChestertown
- Zip21620
- StyleColonial,Cape Cod
- Year Built2006
- Taxes$ 11367
- Price$ 1,095,000
- Bedrooms8
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.51 Acres
Data Source:
Bright MLS
Property Description
"Strawboard Mill" offers 2 brick townhomes, with metal roofs, 1 efficiency apartment and a 3 bedroom, 2 bath residence. The brick townhomes were built in 1902+/- and were used as housing for mill factory workers. There are two, 2 bedroom, 1 bath units in each townhome. Each townhome unit has washer and dryer. The efficiency unit also has a washer and dryer. All units are leased on a month to month basis. All townhome units have Lead Free Certificates from MDE. The main house, which houses the efficiency unit over the garage, was built in 2005. Current monthly rental income is $5,225 with the potential to increase to market level of about $6,500+/- and even more if you rent out the main house. The owners live in a well appointed Cape Cod that offers the possibility of a 1st floor bedroom, kitchen and family room as well as office space, 2 additional bedrooms on the second level with a "Jack n Jill" bathroom setup. There are laminate floors throughout most of the house as well as wood ceilings in most rooms. There are actually 2 garage spaces however one has been transformed into an exercise room. The rear deck overlooks the private backyard and offers a gazebo on the deck. Do you need a separate office? You are in luck! There is an attached office space with a mini split system for heating and cooling. The sellers live in the Cape Cod however you could easily rent the house to gain more income. There is potential to increase the current rent rolls to meet current rental market values. This is a rare opportunity to own, arguably, one of the finest rental properties in Chestertown!
| Price History | |
|---|---|
| 11/3/2023 | Listed $1,195,000 |
| 12/5/2023 | 9% - $1,095,000 |
General Features
| Interior Features | Built-Ins,Ceiling Fan(s),Chair Railings,Combination Kitchen/Dining,Crown Moldings,Entry Level Bedroom,Recessed Lighting |
|---|---|
| Sewer | Public Sewer |
| Heating | Heat Pump(s),Baseboard - Electric |
| Cooling | Central A/C,Heat Pump(s),Ductless/Mini-Split |
| Possession | Settlement |
| Roof | Metal,Architectural Shingle |
| Appliances | Built-In Microwave,Dishwasher,Dryer,Exhaust Fan,Refrigerator,Stove,Washer,Water Heater |
| Zoning | LI-1 |
| Garage Spaces | 1.00 |
| Pool Y/N | No Pool |
| Patio/Porch Features | Deck(s),Porch(es) |
| Architectural Style | Colonial,Cape Cod |
| Security Features | Exterior Cameras |
| Construction Materials | Brick,Vinyl Siding |
| Year Built | 2006 |
| Electric | 200+ Amp Service |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Contingency Type | Financing Approval,Home Inspection |
| OwnerPays | Common Area Maintenance,Repairs,Insurance,Taxes - Real Estate,Sewer,Water |
| Accessibility | None |
| County | KENT |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE UNDER CONTRACT |
| Directions | From Chestertown take High Street towards Rock Hall. Make right on Flatland Road. Property on the right. |
| ModificationTimestamp | 2024-03-20T16:35:29 |
| City | CHESTERTOWN |
| Buyer Agent Compensation | 2.5 |
| Disclosures | Lead Free Paint,Lead Based Paint - State,Lead Based Paint - Federal,Prop Disclosure |
| Total Units | 4 |
| Lot Size Square Feet | 22215.00 |
| Tax Assessed Value | 725333.0 |
| Waterfront Y/N | No |
| Street Name | FLATLAND |
| Tax Annual Amount | 11367.0 |
| Property Condition | Excellent |
| Two Bedroom | 4 |
| Structure Type | Detached |
| Single Room Units Count | 1 |
| Price Per Sq Ft | 233.77 |
| Acceptable Financing | Conventional,Cash |
| Vacation Rental Y/N | No |
| Virtual Tour | https://thru-the-lens-ivuf.view.property/2191398?idx=1 |
| Total SQFT | 4684 |
| Days on Market | 140 |
| Lease Type | Month to Month |
| Standard Status | Active Under Contract |
| Year Built Source | Assessor |
| Total Actual Rent | 62700.00 |
| Cap Rate | 2.50 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Tile/Brick,Laminate Plank |
| Total Fireplaces | 1 |
| Hot Water | Electric |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Window Features | Double Pane |
| Fireplace Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Parking Features | Crushed Stone |
|---|---|
| Lot Features | Landscaping |
| Water Source | Public |
| Total Parking Spaces | 7 |
| Garage Features | Garage - Front Entry,Garage Door Opener |
| Type of Parking | Driveway,Attached Garage |
| Land Use Code | R |
| Foundation Details | Crawl Space |
| Water View Y/N | No |
| Lot Size Acres | 0.51 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 125500.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Attached Garage Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 21620
Price
Taxes
Visits
Year Built
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