Two-Bedroom Residential Income
4000 HERONS NEST WAY Unit 22, Chester, MD 21619
For Sale
$489,000
Second-floor condominium in a 55+ community with elevator access, a covered balcony, and private garage parking.
Property Size1,900 SF
Price / SF$257.37
Days on Market315
Property Features for 4000 HERONS NEST WAY Unit 22
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
billiards room
casual lounge area
fitness center
party room
meeting room
indoor heated pool
spa
outdoor pool
cabana house
private beach
outdoor concert space
pier
kayak launch
walking trails
tennis courts
pickleball courts
playground
club room
covered balcony
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Leading Edge
Listed By:
Carol L Tinnin · License MD #95095
(410) 808-1838
Source:
Chesapeakerealestateassociates
Added: Jan 5
Changed: Nov 11
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 RE/MAX Leading Edge
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Investment Insights
Based on property information with market context.
This 1,900-square-foot, second-floor condo in Four Seasons at Kent Island was built in 2021. The open plan includes two bedroom suites, each with a private full bath, and a kitchen with quartz counters, a propane cooktop, wall oven, microwave, and island. The primary suite has two closets and balcony access; the great room opens to a covered balcony with pond views and seasonal winter views of Macum Creek. A full-sized washer and dryer are included, along with a private garage, outdoor parking space, and keyed indoor storage. The building has elevator service, a secured lobby, and a shared club room.
Residents of this 55+ community have access to a 24,000-square-foot clubhouse with fitness facilities, billiards, meeting rooms, and an indoor heated pool and spa. Outdoor amenities include a pool, beach area, fishing pier, kayak launch, walking trails, tennis and pickleball courts, and a playground. The condo has public water and sewer, with individually metered propane for heat and cooking.
Residents of this 55+ community have access to a 24,000-square-foot clubhouse with fitness facilities, billiards, meeting rooms, and an indoor heated pool and spa. Outdoor amenities include a pool, beach area, fishing pier, kayak launch, walking trails, tennis and pickleball courts, and a playground. The condo has public water and sewer, with individually metered propane for heat and cooking.
Key Highlights
- 1,900‑square‑foot condo with two bedroom suites and private full baths
- Built in 2021 in a 55+ community
- Private garage, one outdoor parking space, and keyed indoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,576
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,520
$451.5K
Cap Rate 7%
$322,514
$322.5K
Cap Rate 9%
$250,844
$250.8K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$44.2K $23.28/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$41.0K $21.60/SF
− OpEx
−$18.5K −$9.72/SF
NOI
$22.6K $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%
$451,520
Cap Rate 7%
$322,514
Cap Rate 9%
$250,844
Alternative Uses
Best Use
Apartment 5plus
$322.5K
$282.2K – $376.3K
NOI $22,576 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.6K
$452.0K – $602.7K
NOI $36,161 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium in a 55+ community with elevator access, a covered balcony, and private garage parking.
Where is this residential income property located?
The property is located at 4000 HERONS NEST WAY Unit 22 Chester, MD.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 1,900‑square‑foot condo with two bedroom suites and private full baths; Built in 2021 in a 55+ community; Private garage, one outdoor parking space, and keyed indoor storage
