198 Southwood Rd, Pasadena, MD 21122

🛠 Pasadena Flip Opportunity — Buy under $200K, Sell North of $550K

Welcome to Chelsea Beach — one of Pasadena’s most desirable pockets where high-margin opportunities are rare. This oversized lot (0.41 acres!) gives you the flexibility to build your ideal product.

🏗 This is not a lipstick rehab. It’s a true value-add property that needs full renovation, but the resale comps in this area make it a worthy project for serious investors. Heck- lets call it what it is: a hoarder house with a bad history, searching for a new beginning.

Whether you pop the top, rebuild from foundation up, or go modular — this is your play to control the product and command top dollar.

🔑 WHY THIS DEAL MAKES SENSE

✅ Premium Lot: 17,920 SF (.41 acres) in a coveted residential district.

✅ Strong ARV Support: Recent flips have moved above $550K+ with modern finishes.

✅ Structurally Sound: No visible foundation issues. Just dated — not broken.

✅ Low Carrying Cost: County tax assessed under $270K = cheap hold for experienced operators.

✅ HIGHLIGHTS

• 560 SF existing structure (ideal for near teardown or pop a top)

• Built 1964 | Frame exterior | Enclosed porch + deck

• Private well & septic in place (verify with county for new build specs)

• Zoned R2: Residential 2 units/acre

💡 WHO THIS IS FOR

🔨 Experienced flippers ready to design & rebuild
🏃‍♂️ Cash buyers who move fast
📈 Builders seeking a Pasadena foothold with big upside

THE NUMBERS THAT MATTER

• ✔ ARV: $550,000
  ✔ Price: $196,500
  ✔BUY IT NOW: $199,900

If 2+ offers come in, we go straight to best & final with those two only.

Submit Offer Here 

📈 Comps & Market Data: https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=DE-194733111023

Buy It Now Guidelines

Our “Buy It Now” program is only accessible for VIP buyers.
Please review the following guidelines to understand how the program works:

1. Exclusive Access

• The “Buy It Now” program is available for a short window exclusively to VIP buyers. This is a unique opportunity to purchase properties at a discounted price before they are opened to the broader market.

2. Property Access

• During the “Buy It Now” window, there will be no access to the property. However, we provide full pictures and walkthrough videos to assist you in assessing the property.
• Any specific notes on the condition will be shared, and if there are known latent defects, we will highlight those for transparency.
• We encourage you to reach out with any questions regarding the property’s condition.

3. Limited Time Opportunity

• This is a brief and exclusive window for purchasing. Once the program opens, interested buyers must act quickly, as the buying process will close at the advised time.

4. Offer Process

• The “Buy It Now” price will secure the deal unless we receive two or more offers. In the event that we receive multiple Buy It Now offers, we will kindly request the buyers to submit their best and final offers.

5. Post-Window Access

• After the “Buy It Now” window closes, the property will be made available to our entire buyers list via email.
• A one-time showing will be organized for all buyers interested in the property.

6. Final Selection

• After the showing, we will select the best and highest offer for the property.

7. Offer Acceptance

• Buy It Now offers will be accepted for 3 hours following the VIP text notification.
• If 2 or more offers are received, we will request best and final offers only from those buyers.

8. Closing Details

• The closing date will be set for on or before 12/05/2025 at RESE Title.
• The preferred payment method is cash or hard money. Cash offers are always preferred for a smoother transaction.