$480,000
●
House -
Off Market
1311 BUTTERFLY LN
FREDERICK, MD 21703
4 Beds
3 Baths,
1
Half Bath
2,292 Ft²
$472,339
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Location, location, location!!! This beautiful colonial home is
located close to major routes, I-270, I-70, route 15, 40, and West
Patrick St ( The famous Golden Mile!) Very close to many amenities,
shopping plazas, banks, grocery stores, etc. Walking distance from
Butterfly Elementary School. Near Tuscarora & Frederick High
School. Walking distance from Westside Regional Park. Several acres
in the master plan are to be developed like the farm complex &
festival grounds, water park & natatorium, multiple-purpose
complex, etc. This home boasts 4 bedrooms upstairs with 2 full
baths, the main level has a lot of space for entertainment with a
family room, living room, and a big rec area! Beautifully updated
kitchen with newer appliances. New washer and drier, newer roof
installed 2021. corner lot, driveway, partially fenced backyard,
deck, bonus room in the basement, rough-in installed for another
full bathroom downstairs, back windows of the house recently
changed the past two years, new laminated waterproof flooring
Unit Size
2,292 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$207
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1982
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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: 4 years ago (Bright MLS #MDFR2037410)
Price History
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Hillcrest Orchards
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Listed by: Hugo Quinonez
RE/MAX Results
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDFR2037410
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RE/MAX Results
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDFR2037410
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