$215,000
↓ $25K (10.4%)
●
Land -
For Sale
11027 LOCUST DRIVE
DAMASCUS, MD 20872
Studio
0 Bath
$1,210
Est. Monthly
About This Property
*****TO BE BUILT******* -------BOND HOMES-------- Contact Michael
Allwein for more details & to set a meeting with Bond Homes to
discuss opportunities! **Public Water Available** This thoughtfully
designed floor plan features spacious ceilings, a cozy gas
fireplace, and a gourmet kitchen with stainless steel appliances
and quartz countertops. The owner's suite offers a spa-like
experience with a mud-set tile shower floor and frameless glass
enclosure. Natural light fills the home through energy-efficient
windows, highlighting the clean lines of the baseboard trim, window
casing and crown molding. Durable vinyl siding and Owens Corning
50-year roofing provide a low-maintenance exterior. Welcome to the
perfect blend of elegance and practicality-welcome to Autumn Crest.
Build with Bond Homes or Bring Your Own Builder!
Unit Size
-
Days on Market
-
Land Size
2.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$154
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 days ago (Bright MLS #MDMC2238474)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$215,000
↓ $25K
(10.4%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by Real Broker, LLC | $239,900 | |
| Listed by Real Broker, LLC | |||
| Jan 10, 2025 | Price Decreased |
$245,000
↓ $521K
(68%) | |
| Price Decreased | |||
| May 22, 2024 | Price Increased |
$766,000
↑ $31K
(4.2%) | |
| Price Increased | |||
| Feb 29, 2024 | Price Increased |
$735,000
↑ $515K
(234.1%) | |
| Price Increased | |||
Show More
Property Highlights
Exterior Details
Lot Size Area: 87556
Lot Size Units: Square Feet
Lot Size Acres: 2.01
Lot Size Square Feet: 87556
Water Source: Public Hook-up Available
Financial Details
Tax Assessed Value: $181,067
Tax Annual Amount: $1,843
Utilities Details
Sewer : Public Hook/Up Avail
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Damascus
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Listed by: Michael Conrad Allwein
Real Broker, LLC
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2238474
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Real Broker, LLC
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# MDMC2238474
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