3 Beds
1 Bath
910 SqFt
3 Beds
1 Bath
910 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 910 sqft
Price per Sqft C$126
Lot Size 7,500 Sqft
MLS Listing ID MDKE2006322
Financing Cash,FHA 203(k)
Style Ranch/Rambler
Subdivision College Heights
Bedrooms 3
Full Baths 1
Short Sale No
HOA Y/N N
Originating MLS BRIGHT
Available Date 2026-04-03
Property Description
Close proximity to Washington College creates built-in rental demand from students, faculty, and staff. Plus easy access to Downtown Chestertown shops, restaurants, and waterfront parks are minutes away on foot. Starbucks and grocery stores are easily accessible. This is a prime location renovation opportunity where comparable updated homes command premium pricing.
The renovation reality. This property requires full renovation and is priced accordingly. Systems, finishes, and layout will need comprehensive updating. Estimated investment ranges from $60,000 to $80,000+ depending on finish level and scope decisions. This is a project for experienced investors, renovation contractors, or buyers with construction capability who understand forced appreciation through strategic improvements.
The opportunity math works. Purchase at $115,000. Invest $60K-$80K in renovations. All-in cost: $175K-$195K. Recent comparable sales for fully renovated 3-bedroom homes in walkable Chestertown locations are selling in the $275K-$300K range. Your potential equity position: $80,000 to $125,000 upon completion.
Multiple exit strategies. Flip after renovation for immediate profit. Hold as rental property serving Washington College market with strong rental history in the area. Owner-occupy and build instant equity while creating your ideal home. The location flexibility supports whatever investment strategy fits your goals.
Property sold AS-IS. Serious buyers should conduct thorough inspections and due diligence. This is a renovation project, not a cosmetic update - price reflects condition and opportunity.
Act quickly on clear value plays. Properties offering this equity spread in prime walkable locations move fast when priced correctly.
Location
State MD
County Kent
Zoning R-2
Rooms
Main Level Bedrooms 3
Interior
Hot Water Other
Heating Other
Cooling Other
Fireplace N
Heat Source Other
1-purchase type For Sale
Exterior
Exterior Feature Porch(es)
Garage Spaces 1
Waterfront N
Water Access N
Roof Type Shingle,Composite
Accessibility None
Porch Porch(es)
Parking Type Driveway
Total Parking Spaces 1
Building
New Construction N
Story 1
Sewer Public Sewer
Water Public
Architectural Style Ranch/Rambler
Story 1
Additional Building Above Grade, Below Grade
Schools
High Schools Kent County
School District Kent County Public Schools
Others
Senior Community No
Tax Amount C$1,657
Tax Year 2025
Tax ID 1504004418
Ownership Fee Simple
SqFt Source 910
Acceptable Financing Cash, FHA 203(k)
Special Sale Standard
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