$6,651,750
●
Land -
Off Market
1511 BOWERS PARK
FREDERICK, MD 21702
Studio
0 Bath
$19,695
Est. Monthly
0.73%
Cap Rate
About This Property
• 58 recorded single family home lots
• Approximately 26 acres
• Sewer (public) has been brought to property entrance
Bankruptcy sale of 58 single family house lots in Frederick Maryland. The project encompasses 26
+/- acres and offsite sewer work has been substantially completed. The project consists of two
contiguous subdivisions known as Birdseye (41 lots) and Bowers Park (17 lots).
Complete plans and information on the project is available.
Property to be sold at on-line auction which ends on Tuesday December 10th at noon. List price is suggested opening bid. Actual price TBD at Auction. This sale is subject to US Bankruptcy Court approval.
• Approximately 26 acres
• Sewer (public) has been brought to property entrance
Bankruptcy sale of 58 single family house lots in Frederick Maryland. The project encompasses 26
+/- acres and offsite sewer work has been substantially completed. The project consists of two
contiguous subdivisions known as Birdseye (41 lots) and Bowers Park (17 lots).
Complete plans and information on the project is available.
Property to be sold at on-line auction which ends on Tuesday December 10th at noon. List price is suggested opening bid. Actual price TBD at Auction. This sale is subject to US Bankruptcy Court approval.
Unit Size
-
Days on Market
126 days
Land Size
26.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$54
HOA Dues
-
Year Built
-
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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: 2 years ago (Bright MLS #MDFR2056600)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| Jan 13, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed | $4,000,000 | |
| Listed | |||
| | |||
|
• 58 recorded single family home lots
• Approximately 26 acres
• Sewer (public) has been brought to property entrance
Bankruptcy sale of 58 single family house lots in Frederick Maryland. The project encompasses 26
+/- acres and offsite sewer work has been substantially completed. The project consists of two
contiguous subdivisions known as Birdseye (41 lots) and Bowers Park (17 lots).
Complete plans and information on the project is available.
Property to be sold at on-line auction which ends on Tuesday December 10th at noon. List price is suggested opening bid. Actual price TBD at Auction. This sale is subject to US Bankruptcy Court approval.
| |||
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About Bowers Park
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Listed by: Jeffrey E Stein
Tranzon Fox
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDFR2056600
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Tranzon Fox
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDFR2056600
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