Description

NEW PRICE – $1,597,500! Historic Kensington Craftsman with Mills Act tax savings already in place. New updates: * Excellent foundation. * Upstairs carpet removed, revealing beautiful, pristine original hardwood floors. Historic 1911 Craftsman in the heart of Kensington offering 3 bedrooms, 2 baths, approximately 2,200 sq ft, plus a detached studio with its own private entrance, private yard, and gated access. Rich with original character, the home is comfortable to enjoy as-is while offering the opportunity to remodel the kitchen and bathrooms over time—or create significant value through renovation. The detached studio has historically rented for approximately $1,700 per month, providing outstanding income potential, guest quarters, or a private workspace. Ideal for buyers seeking a character home, investors, or flippers looking for a rare Kensington opportunity with substantial Mills Act property tax savings. Quiet location just steps from Kensington’s restaurants, cafés, and shops. This is currently the most affordable opportunity in Kensington and the least expensive Mills Act-designated home in the neighborhood. Whether you’re seeking a charming historic residence, an income-producing property, a value-add project, or a long-term investment, this property offers exceptional flexibility and upside. With the benefit of the Mills Act, property taxes are substantially lower than those of comparable homes, creating significant long-term savings while preserving one of Kensington’s architectural gems.