111 SUMMIT AVENUE
About This Property
Upstairs are four bedrooms and two full bathrooms, including the spacious primary suite with an attached bath and a large walk-in closet. The lower level boasts a sizable walk-out basement with recessed lighting and ample storage. Completing this home is a fenced yard, a scenic deck, and a two-car garage.
Beautiful newer development Hammaker Hills is a premier community featuring the only newly built single-family homes in Thurmont, Frederick County, Maryland. Perfectly positioned at the base of the Catoctin Mountains and just off Route 15, this neighborhood offers easy access to the vibrant City of Frederick, MD, and Gettysburg, PA. Enjoy the charm of Thurmont's Main Street with unique shops and local restaurants just minutes away, and take in the sweeping mountain views from your own backyard. With endless opportunities for outdoor recreation, you'll be close to scenic lakes, cascading waterfalls, picturesque hiking trails, orchards, wineries, and more-all right at your doorstep!
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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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | Price Decreased |
$525,000
↓ $24K
(4.4%) | |
| Price Decreased | |||
| Sep 11, 2025 | Listed by Perennial Real Estate | $549,000 | |
| Listed by Perennial Real Estate | |||
| Jul 25, 2025 | Listed by Perennial Real Estate | $550,000 | |
| Listed by Perennial Real Estate | |||
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Farmhouse-style home with breathtaking Catoctin Mountain views! Offering approximately 3,200 square feet of interior living space, the main level features an open-concept design with excellent entertainment flow, including a bright living room, an adjoining dining room, a chef’s kitchen, and a powder room. The kitchen is equipped with granite counters, a stainless steel appliance suite, a center island/breakfast bar, pendant and recessed lighting, and access to the expansive deck with panoramic mountain vistas.
Upstairs are four bedrooms and two full bathrooms, including the spacious primary suite with an attached bath and a large walk-in closet. The lower level boasts a sizable walk-out basement with recessed lighting and ample storage. Completing this home is a fenced yard, a scenic deck, and a two-car garage.
Beautiful newer development Hammaker Hills is a premier community featuring the only newly built single-family homes in Thurmont, Frederick County, Maryland. Perfectly positioned at the base of the Catoctin Mountains and just off Route 15, this neighborhood offers easy access to the vibrant City of Frederick, MD, and Gettysburg, PA. Enjoy the charm of Thurmont’s Main Street with unique shops and local restaurants just minutes away, and take in the sweeping mountain views from your own backyard. With endless opportunities for outdoor recreation, you’ll be close to scenic lakes, cascading waterfalls, picturesque hiking trails, orchards, wineries, and more—all right at your doorstep!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017