1204 MARSALIS PL
About This Property
Discover the elegance of this gorgeous contemporary farmhouse located in the heart of Frederick. The home features wood floors and an open floor plan, creating a warm and inviting atmosphere. The kitchen is a chef's dream with stainless steel appliances, pristine white cabinets, granite counters, and a breakfast bar. The bright family room is enhanced by a fireplace with a striking floor-to-ceiling wood surround. A dedicated home office and spacious bedrooms offer plenty of room for work and relaxation. The owner's suite boasts an ensuite with dual vanities and an extra-large shower with a built-in bench. The full, unfinished basement provides a blank canvas, ready to be transformed to fit your dreams. Outside, enjoy a fully fenced backyard and a detached 2-car garage. Located in a vibrant community with easy access to commuter routes, shopping, dining, and abundant recreational opportunities in scenic Frederick.
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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 |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Feb 3, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Relisted | $575,000 | |
| Relisted | |||
| Jan 20, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017