1609 FAIRMOUNT ROAD
About This Property
The standout feature is the 40' x 60' Pioneer Pole Building, constructed in 2017 and thoughtfully equipped for serious work or storage. Features include a 14' x 14' insulated raised-panel overhead door with LiftMaster opener, 6-inch heavily reinforced concrete floor, 100-amp electrical subpanel, 50-amp RV receptacle, and an automotive lift that conveys with the property. Whether you're restoring classic cars, operating a home-based business, storing recreational vehicles, or pursuing woodworking or mechanical projects, this versatile space is ready for a wide range of uses.
Additional storage and parking are abundant with a 2-car attached garage plus a 2-car detached garage, providing flexibility for vehicles, equipment, recreational gear, or workshop space.
Inside, the home has been thoughtfully updated with quality finishes and practical improvements. The kitchen features Cambria quartz countertops, a ceramic tile backsplash, and LG and KitchenAid stainless steel appliances, creating an attractive and functional gathering space. A spacious living room addition enhances everyday comfort, while the convenient main-level laundry room adds ease to daily living. Major updates include a new roof (2015), 200-amp electrical service, and updated plumbing (2026).
Step outside to enjoy the fenced backyard retreat featuring a patio and hot tub area enclosed by a black aluminum fence, offering an ideal space for outdoor entertaining, relaxing evenings, gardening, or giving pets room to roam.
Located just minutes from Route 30 and with convenient access to I-795, commuting to the Baltimore metropolitan area is straightforward while still enjoying the peaceful setting of Carroll County. You'll also appreciate being close to downtown Hampstead's local shops, restaurants, parks, schools, and everyday conveniences, all while returning home to the privacy of a spacious country setting.
With quality updates, exceptional garage and workshop space, flexible living areas, and a location that combines convenience with privacy, 1609 Fairmount Road offers a unique opportunity for buyers seeking both a comfortable home and an outstanding property for work, hobbies, or recreation.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017