$801,800
●
House -
Off Market
1170 RIDGE RD
MOUNT AIRY, MD 21771
5 Beds
3 Baths,
1
Half Bath
4,306 Ft²
$4,210
Est. Monthly
About This Property
Nestled on a picturesque 6.5-acre lot spanning Howard and
Montgomery Counties, this spacious 5-bedroom, 3.5-bath home offers
over 4,306 square feet of finished living space. Built in 1975,
this property is brimming with potential! The home features a 2-car
garage with side access via a paved driveway, basement storage, and
an unfinished addition off the family room, ready for your
customization.
An outbuilding, previously utilized as a charming farmer's market, adds unique character and versatility. Additionally, the property includes two unfinished foundations, perfect for future detached garages or sheds.
With a little TLC, this home has the potential to become a stunning retreat. Enjoy the tranquility of 6.5 acres of land, ideal for outdoor living, gardening, or hobbies. Don't miss this opportunity to create your dream home in a serene, private setting!
An outbuilding, previously utilized as a charming farmer's market, adds unique character and versatility. Additionally, the property includes two unfinished foundations, perfect for future detached garages or sheds.
With a little TLC, this home has the potential to become a stunning retreat. Enjoy the tranquility of 6.5 acres of land, ideal for outdoor living, gardening, or hobbies. Don't miss this opportunity to create your dream home in a serene, private setting!
Unit Size
4,306 Ft²
Days on Market
-
Land Size
6.50 acres
Price per sqft
$197
Property Type
House
Property Taxes
$36
HOA Dues
-
Year Built
1975
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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: 17 days ago (Bright MLS #MDMC2156024)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Dec 11, 2024 | In contract | - | |
| In contract | |||
| Dec 6, 2024 | Listed by Keller Williams Realty Centre | $850,000 | |
| Listed by Keller Williams Realty Centre | |||
| | |||
|
Nestled on a picturesque 6.5-acre lot spanning Howard and Montgomery Counties, this spacious 5-bedroom, 3.5-bath home offers over 4,306 square feet of finished living space. Built in 1975, this property is brimming with potential! The home features a 2-car garage with side access via a paved driveway, basement storage, and an unfinished addition off the family room, ready for your customization.
An outbuilding, previously utilized as a charming farmer’s market, adds unique character and versatility. Additionally, the property includes two unfinished foundations, perfect for future detached garages or sheds.
With a little TLC, this home has the potential to become a stunning retreat. Enjoy the tranquility of 6.5 acres of land, ideal for outdoor living, gardening, or hobbies. Don't miss this opportunity to create your dream home in a serene, private setting!
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Howard
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Listed by: Daniel W Hozhabri
Keller Williams Realty Centre
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDMC2156024
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Keller Williams Realty Centre
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDMC2156024
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