108 Pine Street
Chestertown, MD 21620

Tools & Resources:

Description

FULL RENOVATION PROJECT - Prime Chestertown Location Priced for Immediate Equity Creation. This 3-bedroom, 1-bath single-family home at $115,000 represents a clear value-add opportunity in one of Chestertown's most “walkable” corridors. With estimated renovation investment of $60K-$80K+, comparable renovated properties in this location are selling for $275K-$300K, creating potential equity of $80K-$125K for buyers with vision and capability. 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.

Features

• Property Type: Single Family Home
• Sub Type: Other
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 21620
• Year Built: 1957
• Subdivision/Neighborhood: College Heights
• School District: Kent County Public Schools
• High School: Kent County
• Sq.Ft.: 910 sq ft
• Style: Ranch/Rambler
• Stories: 1 Story
• Bedrooms: 3
• Full Baths: 1
• # of Parking Spaces: 1
• Lot Size: 7405 sq ft lot
• Baths: 1
• Zoning: R-2
• Above Grade Finished Area: 910
• Above Grade Finished Area Source: Assessor
• Above Grade Finished Area Units: Square Feet
• Area Total: 910
• Area Total Source: Assessor
• Assessment Year: 2026
• Below Grade Area Total Source: Assessor
• Below Grade Finished Area Source: Assessor
• Below Grade Finished Area Units: Square Feet
• Below Grade Unfinished Area Source: Assessor
• Below Grade Unfinished Area Units: Square Feet
• City Town Tax: 457
• City Town Tax Payment Frequency: Annually
• Construction Materials: Shingle Siding, Asbestos
• Country: US
• County Tax: 1199
• County Tax Payment Frequency: Annually
• Directions: 213 to Chestertown, Turn left on Hadaway Dr, Turn right Pine St, House is on left
• Heating: Yes
• In City Limits: Yes
• Legal Subdivision: COLLEGE HEIGHTS
• Listing Locale: 200004363592
• Living Area Source: Assessor
• Lot Size Source: Assessor
• Lot Size Square Feet: 7500
• Lot Size Units: Square Feet
• Main Level Bedrooms: 3
• Main Level Full Baths: 1
• Main Level Total Baths: 1
• Main Type: Residential
• Num Driveway Spaces: 1
• Other Structures: Above Grade, Below Grade
• Ownership Interest: Fee Simple
• Parking Types: Driveway
• Patio And Porch Features: Porch
• Possession: Settlement
• Property Condition: Major Rehab Needed
• Roof: Shingle, Composite
• Sale Type: Standard
• Sewer: Public Sewer
• Tax Annual Amount: 1657
• Tax Total Finished Sq Ft: 910
• Tax Year: 2025
• Total Stories: 1
• Total Taxes Payment Frequency: Annually
• Water Source: Public
• Year Built Source: Assessor