11509 REED CIRCLE
About This Property
A covered front porch welcomes you inside, where the inviting living room makes a statement with a floor-to-ceiling brick propane fireplace, creating a warm focal point for everyday living and entertaining. The kitchen features stainless steel appliances, a convenient dining area, and direct access to the backyard. The attached front garage provides convenient parking and storage, and a propane heater was added to offer added versatility for the space.
Out back, enjoy your own private retreat with a patio, deck, hot tub, and storage shed, all surrounded by the natural beauty of the expansive, tree-lined property. The backyard is partially fenced with a privacy fence, and an underground pet fence is installed around the entire property. Recent improvements include an encapsulated crawl space with a dehumidifier and a new roof.
Located in Caroline County on Maryland's Eastern Shore, Ridgely offers a relaxed small-town setting with convenient access to surrounding communities. MD Route 404 provides connections toward Denton, Easton, and the Chesapeake Bay Bridge, as well as east toward Delaware. Outdoor enthusiasts will appreciate nearby Tuckahoe State Park and Martinak State Park, which features a boat launch area, along with the area's abundance of parks, trails, waterways, and natural spaces.
With its generous acreage, inviting outdoor spaces, classic rancher layout, recent improvements, and convenient Eastern Shore location, 11509 Reed Cir is ready to welcome you home.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Price Decreased |
$425,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Sep 25, 2026 | Price Decreased |
$435,000
↓ $14K
(3.1%) | |
| Price Decreased | |||
| Aug 21, 2026 | Listed by Keller Williams Realty | $449,000 | |
| Listed by Keller Williams Realty | |||
| Nov 30, 2017 | Sold | ||
| Sold | |||
| Sep 26, 2017 | Listed by Keller Williams Realty | $265,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017