Two-Bedroom Residential
411 MERGANSER COURT, Chester, MD 21619
For Sale
New
$280,000
Interior features include a gas fireplace, hardwood flooring, and newer bedroom carpet.
Property Size1,069 SF
Days on Market3
Property Features for 411 MERGANSER COURT
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplace
community pool
tennis courts
Building Details
Building Size
Year Built
Listing Agency:
Chesapeake Real Estate Associates, LLC
Listed By:
Samantha A Grimes · License MD #535569
(410) 310-6426
Source:
Bradkappel
Added: Nov 13
Changed: Nov 14
Last Checked: Nov 14 at 2:29PM
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 Chesapeake Real Estate Associates, LLC
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium in Chester was built in 1999. Interior details include hardwood floors, newer carpet in the bedrooms, and a gas fireplace; the water heater was updated within the last year.
The home is part of the Bayside community, which has a pool and tennis courts. Marinas, waterfront restaurants, shopping, and entertainment are within walking distance.
The home is part of the Bayside community, which has a pool and tennis courts. Marinas, waterfront restaurants, shopping, and entertainment are within walking distance.
Key Highlights
- Two bedrooms and two bathrooms
- Gas fireplace and hardwood flooring
- Newer carpet in the bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,702
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,040
$254.0K
Cap Rate 7%
$181,457
$181.5K
Cap Rate 9%
$141,133
$141.1K
Market Conditions
NOI Build-Up for 1,069 SF
Gross rent
$24.9K $23.28/SF
− Vacancy
−$1.8K −$1.68/SF
EGI
$23.1K $21.60/SF
− OpEx
−$10.4K −$9.72/SF
NOI
$12.7K $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%
$254,040
Cap Rate 7%
$181,457
Cap Rate 9%
$141,133
Alternative Uses
Best Use
Apartment 5plus
$181.5K
$158.8K – $211.7K
NOI $12,702 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.6K
$254.3K – $339.1K
NOI $20,345 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
44
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 - Interior features include a gas fireplace, hardwood flooring, and newer bedroom carpet.
Where is this residential income property located?
The property is located at 411 MERGANSER COURT Chester, MD.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Gas fireplace and hardwood flooring; Newer carpet in the bedrooms
