11239 PUTMAN ROAD
About This Property
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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%.
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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 |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jun 26, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by Barry Weller Properties, LLC | $509,900 | |
| Listed by Barry Weller Properties, LLC | |||
| | |||
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Back on the market with a dramatic $55,000 price reduction!
This home is now priced for a quick sale! You won’t want to miss this stunning home!
Welcome to this lovely 3-bedroom, 2.5 bath contemporary home set on a peaceful 1.22-acre homesite. Completely remodeled in 2022, the home features an open-concept layout and soaring ceilings that flood the space with natural light. The kitchen includes stainless steel appliances, quartz countertops, and a stylish ceramic tile backsplash. The main living areas flow seamlessly and are finished with gorgeous luxury vinyl plank flooring throughout. The cozy family room features a woodstove—perfect for chilly winter nights—and the primary bedroom offers access to a private balcony.
Outdoor living is just as impressive. The enormous rear deck overlooks a spacious, flat, fully fenced backyard complete with a fire pit—ideal for picnics, entertaining, or simply enjoying the serene setting. The property also includes a 2-car garage and two backyard sheds for additional storage.
While the home has a Thurmont address, it’s located just minutes north of Frederick. Offering a peaceful, secluded feel, the property is still conveniently close to commuter routes, shopping, and top-tier dining. Enjoy easy access to Frederick’s vibrant North End, including Wegmans, Clemson Corner, and Market Square. Downtown Frederick’s boutiques, restaurants, breweries, and distilleries are just a short drive away, along with local farm markets and country wineries.
Outdoor enthusiasts will love nearby options for mountain biking in the Frederick City Watershed, hiking and fishing in Catoctin Mountain Park, and youth sporting events at Lewistown Regional Park.
| |||
| May 24, 2025 | Price Decreased |
$565,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| May 16, 2025 | Price Increased |
$585,000
↑ $35K
(6.4%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017