10448 BAILEY RD
About This Property
neighborhood! This energy efficient all-brick cape cod is situated on over 2 acres in the
Smithsburg school district and offers easy commuting access to I-70 as well as shopping and
restaurants. This one-owner home offers hardwood flooring and various living areas that can
be purposed to your specific needs as well as plentiful storage. Enter the foyer through the front
door and on the left you will find a large, inviting living room with a fireplace and an equally light-
filled dining room on the right. Pass the beautiful oak staircase on the first floor is a full bath
flanked on both sides by two rooms with closets that could function as a den, craft room, office,
or possibly additional bedrooms. Moving down the hallway pass the dining room you will find the
family room and kitchen. The family room offers relaxing comfort year round with a pellet stove
insert in the brick fireplace as well as walk out access to the large composite deck with a
retractable awning. The spacious kitchen with granite countertops has eat-in space and plenty
of custom cabinets that extend to the ceiling for an amazing amount of storage. Continue
through the kitchen to the laundry/mud room with a half bath and access to the oversized two
car garage. Also on this end of the house is a suite with a full bath and additional kitchen space
that has the possibility to function as an office suite, guest suite, in-law suite, or au pair suite.
Back to the foyer and up the stairs, you will find a full bath with two spacious bedrooms as well
as a primary suite with several closets and full bath. A large storage area is found on this level
also. All bedrooms as well as the family room have ceiling fans. Moving down to the walk-out
basement level you will find a large finished area with a pellet stove, half bath and dry bar area.
This area holds many possibilities such as a tv and game room, exercise room or an area to
expand when entertaining large gatherings. There is also a large unfinished area on the
basement level for storage and/or a workshop. For car enthusiasts, there is an additional
garage space and room to work on a vehicle or for another workshop or additional storage.
Some major updates have been recently completed including a new 50-year roof in 2019, new
first floor/basement heat pump 2023, deck replacement 2018, new microwave 2020, retractable
awning motor 2020. This well-maintained home with flexible living space is a must-see in your
home search to appreciate its full potential!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| May 2, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $699,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Sep 19, 1995 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017