Residential Income Property with
3000 HERONS NEST WAY Unit 11, Chester, MD 21619
For Sale
$439,500
The first-floor residence includes a private patio, an interior-entry garage, and access to community recreation amenities.
Property Size2,003 SF
Price / SF$219.42
Days on Market390
Property Features for 3000 HERONS NEST WAY Unit 11
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
private patio
indoor heated pool
outdoor infinity pool
firepits
pickleball and tennis courts
dog park
walking and biking trails
paddle board and kayak launch
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
John V Freeman · License MD #624993
(443) 336-8366
Source:
Chesapeakerealestateassociates
Added: Oct 22, 2025
Changed: Nov 13
Last Checked: Nov 14 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this 2,003-square-foot first-floor condominium has an open living and dining area, a kitchen with quartz counters and a seating island, and a fireplace. Double sliding doors connect the living space to a private patio. The owner's suite has two closets, patio access, and an en-suite bath with dual vanities and a glass shower; the guest suite also has a private bath. A separate bonus room, LVP flooring, a one-car garage, and a secure storage unit complete the residence.
The property is at 3000 Herons Nest Way, Unit 11, in Chester, Maryland. Community facilities include indoor and outdoor pools, tennis and pickleball courts, a dog park, firepits, and walking and biking trails. The community trail reaches a waterfront area with a kayak and paddleboard launch, and residents have direct access to the Kent Island Cross Island Trail. Water and sewer fees are included in the owner's monthly COA fee.
The property is at 3000 Herons Nest Way, Unit 11, in Chester, Maryland. Community facilities include indoor and outdoor pools, tennis and pickleball courts, a dog park, firepits, and walking and biking trails. The community trail reaches a waterfront area with a kayak and paddleboard launch, and residents have direct access to the Kent Island Cross Island Trail. Water and sewer fees are included in the owner's monthly COA fee.
Key Highlights
- 2,003‑square‑foot condominium built in 2021
- Two‑bedroom residence with a separate bonus room and two en‑suite baths
- First‑floor layout with private patio and double sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,800
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,000
$476.0K
Cap Rate 7%
$340,000
$340.0K
Cap Rate 9%
$264,444
$264.4K
Market Conditions
NOI Build-Up for 2,003 SF
Gross rent
$46.6K $23.28/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$43.3K $21.60/SF
− OpEx
−$19.5K −$9.72/SF
NOI
$23.8K $11.88/SF
Area
Queen Anne's County, MD
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,000
Cap Rate 7%
$340,000
Cap Rate 9%
$264,444
Alternative Uses
Best Use
Apartment 5plus
$340.0K
$297.5K – $396.7K
NOI $23,800 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.6K
$476.5K – $635.4K
NOI $38,121 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 21619, MD
6,598
Population
3,002
Households
2.2
Avg Household Size
48
Median Age
37%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
709
Density / Sq Mi
$100,359
Median Household Income
$55,450
Median Earnings
$1,845
Median Rent
$459,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor residence includes a private patio, an interior-entry garage, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 3000 HERONS NEST WAY Unit 11 Chester, MD.
What is the asking price?
The asking price for this property is $439,500.
What are key features of this property?
This property features: 2,003‑square‑foot condominium built in 2021; Two‑bedroom residence with a separate bonus room and two en‑suite baths; First‑floor layout with private patio and double sliding glass doors
