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204 Rhett Ln
Score
74
Elkton, MD

204 Rhett Ln

425K
3 bd • 2 ba • 2,386 sf

This analysis was generated on 3/12/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$425,000

Price/Sq.Ft

$178

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Stone facade: The stone facade adds character and charm to the property, increasing its value • Stone patio: The stone patio provides an inviting outdoor living space, increasing the property's appeal • Mature landscaping: The mature landscaping enhances the property's curb appeal and provides privacy • Stone facade • Stone patio • Mature landscaping • Shutters • Trim • Price Position: The property's price per square foot is $178.12, slightly below the area average of $185.00. • Appreciation Trend: Homes in 21921 have sold for 9.2% more than they did a year ago, indicating strong recent appreciation. • Potential Equity: Property could be worth up to $10,000 more than the asking price • Rental Income: $1,810/month with 99% occupancy (0.1% cap rate) • Schools: No school data available to determine the impact of school quality on property values. • Future Development: No specific planned developments in the immediate vicinity are available. • The property appears to have good natural light, with windows on all sides of the house. The mature landscaping provides shade and privacy, while still allowing plenty of sunlight to filter through. • The layout appears to be functional, with a seamless transition between indoor and outdoor living spaces. The stone patio is easily accessible from the house, making it ideal for entertaining or relaxing.
Stone facade

Stone facade

The stone facade adds character and charm to the property, increasing its value.

Stone patio

Stone patio

The stone patio provides an inviting outdoor living space, increasing the property's appeal.

Mature landscaping

Mature landscaping

The mature landscaping enhances the property's curb appeal and provides privacy.

The Bad

• Lack of specific property details (year built, features, room details, utilities) makes a comprehensive valuation challenging. • No crime data available limits the ability to assess neighborhood safety and its impact on property value. • Dependence on seller's market conditions carries the risk of price corrections if market dynamics shift. • Climate Risk: No climate risk data available to assess insurance implications.

The Ugly

No critical issues identified

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $21,720 with 99% occupancy rate Value Investors: Projected 11.2% appreciation potential in moderate scenario

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$76,214

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Financials

Monthly Costs
Market Rent (3 bed)

$1,100

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$425,000
Price/sqft
$178
Layout
3 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$464,833

8.6%

Your price is 8.6% below average

Median Price

$515,000

17.5%

Based on 6 recent sales

Price per Sq.Ft

$183

2.7%

Your price is 2.7% below average $/sqft

Comparable Properties

204 RHETT LN, ELKTON, MD 21921
Price: $425,000
Sq.Ft: 2,386
Beds/Baths: 3/2
$/Sq.Ft:
$1780.0%
Sale Date: 11/30/2024
7 AMARANTH DR, NEWARK, DE 19711
Price: $575,000
Sq.Ft: 2,700
Beds/Baths: 4/3
$/Sq.Ft:
$21319.6%
Sale Date: 2/4/2025
104 NEW CASHO MILL RD, NEWARK, DE 19711
Price: $449,000
Sq.Ft: 2,325
Beds/Baths: 4/3
$/Sq.Ft:
$1938.4%
Sale Date: 10/15/2024
9 E MILL STATION DR, NEWARK, DE 19711
Price: $515,000
Sq.Ft: 2,650
Beds/Baths: 4/3
$/Sq.Ft:
$1949.1%
Sale Date: 10/21/2024
19 VIRGINIA PL, NEWARK, DE 19711
Price: $515,000
Sq.Ft: 2,800
Beds/Baths: 4/3
$/Sq.Ft:
$1843.3%
Sale Date: 10/28/2024
113 RHETT CT, ELKTON, MD 21921
Price: $310,000
Sq.Ft: 2,244
Beds/Baths: 4/3
$/Sq.Ft:
$13822.4%
Sale Date: 9/13/2024

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