$57,500
●
Land -
Off Market
113 PINE COVE LANE
CHESTERTOWN, MD 21620
Studio
0 Bath
$377
Est. Monthly
33.82%
Cap Rate
About This Property
Wonderful opportunity to purchase two established adjoining
residential lots within a short walking distance to the Chester
River and deep water boat ramp. These two recorded lots were
purchased many years ago by a family that vacationed in a
home nearby. These lots have not been perc tested but the soil
types are conducive to percing and there are homes on the
neighboring parcels. Please consult with the Queen Anne's
Environmental Health Dept . for necessary requirements for testing.
Excellent location for retiree, first time home builder, or
investor. Two adjoining lots to be sold together and show in public
records as 113 Pine Cove Lane (.451 Acre) and 114 Clapp Road
(.30 acre), Chestertown , MD 21620.
Unit Size
-
Days on Market
194 days
Land Size
0.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$40
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Bright MLS #MDQA2009464)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Apr 16, 2024 | Listed | $68,500 | |
| Listed | |||
| | |||
|
Wonderful opportunity to purchase two established adjoining residential lots within a short walking distance to the Chester River and deep water boat ramp. These two recorded lots were purchased many years ago by a family that vacationed in a home nearby. These lots have not been perc tested but the soil types are conducive to percing and there are homes on the neighboring parcels. Please consult with the Queen Anne's Environmental Health Dept . for necessary requirements for testing. Excellent location for retiree, first time home builder, or investor. Two adjoining lots to be sold together and show in public records as 113 Pine Cove Lane (.451 Acre) and 114 Clapp Road (.30 acre), Chestertown , MD 21620.
| |||
| Aug 22, 1990 | Sold | ||
| Sold | |||
| May 19, 1981 | Sold | ||
| Sold | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Queen Anne's
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Listed by: William H Norris III
Select Land & Homes, LLC
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDQA2009464
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Select Land & Homes, LLC
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# MDQA2009464
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